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Category: GlobeNewswire

  • MIL-OSI: Athene Prices $600 Million Junior Subordinated Debentures Offering

    Source: GlobeNewswire (MIL-OSI)

    WEST DES MOINES, Iowa, Oct. 07, 2024 (GLOBE NEWSWIRE) — Athene Holding Ltd. (“Athene”) today announced it has agreed to sell $600 million aggregate principal amount of 6.625% fixed-rate reset junior subordinated debentures due 2054. The offering is expected to close on October 10, 2024, subject to satisfaction of customary closing conditions.

    Athene intends to use the net proceeds from the offering for general corporate purposes, which may include the future redemption or repurchase of its $600,000,000 6.375% Fixed-Rate Reset Perpetual Non-Cumulative Series C Preferred Stock. This press release does not constitute a notice of redemption with respect to, or an offer to purchase, any securities.

    Wells Fargo Securities, BofA Securities, Goldman Sachs & Co. LLC and Morgan Stanley are acting as joint book-running managers for the offering. Apollo Global Securities, BMO Capital Markets, BNP PARIBAS, Ramirez & Co., Inc., SOCIETE GENERALE, Siebert Williams Shank and SMBC Nikko are acting as co-managers for the offering.

    The debentures are being offered pursuant to an effective shelf registration statement that has previously been filed with the Securities and Exchange Commission (the “SEC”). This press release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of 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. Any offer, or solicitation to buy, if at all, will be made solely by means of a prospectus and related prospectus supplement filed with the SEC. You may obtain these documents without charge from the SEC at http://www.sec.gov. Alternatively, you may request copies of these materials from the joint book-running managers by contacting Wells Fargo Securities, LLC toll-free at (800) 645-3751, BofA Securities, Inc. toll-free at (800) 294-1322, Goldman Sachs & Co. LLC toll-free at (866) 471-2526 or Morgan Stanley & Co. LLC toll-free at (866) 718-1649.

    About Athene

    Athene is a leading retirement services company with $330 billion of total assets as of June 30, 2024, and operations in the United States, Bermuda, Canada, and Japan. Athene is focused on providing financial security to individuals by offering an attractive suite of retirement income and savings products and also serves as a solutions provider to corporations.

    Forward-Looking Statements

    This press release contains, and certain oral statements made by Athene’s representatives from time to time may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks, uncertainties and assumptions that could cause actual results, events and developments to differ materially from those set forth in, or implied by, such statements. These statements are based on the beliefs and assumptions of Athene’s management and the management of Athene’s subsidiaries. Generally, forward-looking statements include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” “should,” or “continues” or similar expressions. Forward-looking statements within this press release include, but are not limited to, statements regarding Athene’s expectations regarding the completion of, and the use of proceeds from, the sale of the debentures, future growth prospects and financial performance. Although Athene management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to be correct. For a discussion of other risks and uncertainties related to Athene’s forward-looking statements, see its annual report on Form 10-K for the year ended December 31, 2023 and its quarterly report on Form 10-Q for the quarter ended June 30, 2024, which can be found at the SEC’s website http://www.sec.gov. All forward-looking statements described herein are qualified by these cautionary statements and there can be no assurance that the actual results, events or developments referenced herein will occur or be realized. Athene does not undertake any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

    Contact:

    Media Contact
    Jeanne Hess
    VP, External Relations
    +1 646 768 7319
    jeanne.hess@athene.com

    The MIL Network –

  • MIL-OSI: Liqueous LP Announces $65 Million Financing Program in Nuburu Inc. (BURU), Highlighting Comprehensive Financing with Limited Dilution

    Source: GlobeNewswire (MIL-OSI)

    DOVER, Del., Oct. 07, 2024 (GLOBE NEWSWIRE) — Liqueous LP, a leading multi-strategy fund, focused on leveraging emerging technologies to set a new industry standard for how micro, small, and mid-market issuers access growth capital, is pleased to announce a comprehensive $65 million financing program for Nuburu Inc. (NYSE American: BURU), a trailblazer in high-power industrial blue laser technology. This financing program, structured jointly with the team at Nuburu, provides terms designed to deliver predictable, strategic, and low-cost capital while minimizing dilution, significantly exceeding Nuburu’s current market cap of approximately $2.6 million, underscoring the company’s substantial intrinsic value and transformative potential across multiple industries.

    The investment includes a $15 million direct capital injection and the establishment of a $50 million equity line of credit (ELOC), designed to accelerate Nuburu’s expansion in sectors such as e-mobility, healthcare, defense, and consumer electronics. This strategic financing solution mitigates dilution through pre-funded warrants, executed at market prices at the time of investment, allowing for possible price appreciation and flexibility across each tranche. Liqueous LP’s investment is aligned with the market value, ensuring the PIPE is funded at market price without any discounts, resets, or toxic dilutive features

    Jacob M. Fernane, Managing Partner at Liqueous LP, commented:

    “This is a very comprehensive financing solution that provides Nuburu with predictable capital while minimizing dilution and market disruption. The financing is structured at market value with no toxic elements, ensuring our investment aligns with Nuburu’s continued success and growth. Our partnership with Nuburu reflects our strong confidence in the intrinsic value of the company’s technology and its potential to revolutionize multiple high-growth industries.”

    Under the Master Transaction Terms Agreement, Liqueous LP will provide Nuburu with immediate capital, including an initial $3 million investment via pre-funded warrants, followed by weekly capital infusions of $1.25 million until an additional $10 million is invested. Additionally, Nuburu will have access to a $50 million equity line of credit (ELOC), giving the company flexibility for future growth, including a $2.5 million convertible note that is available for immediate use.

    This financing has been structured in a way that avoids unnecessary dilution, leveraging pre-funded warrants with registration rights, while allowing the company to raise capital incrementally at market prices. This approach provides Nuburu with substantial liquidity to scale its operations while validating the company’s underlying value.

    Nuburu’s recent contracts with NASA, along with its pioneering blue laser technology and key clients including the U.S. Navy and GE Additive, demonstrate the company’s growing market presence in industries that require precision and high-speed processing, such as space exploration and aerospace.

    Brian Knaley, CEO of Nuburu, added:

    “We are excited to partner with Liqueous LP in what is a significant step forward for our company. This financing strengthens our financial position and underscores the confidence Liqueous has in our groundbreaking technology and our ability to transform key industries. The fact that this financing comes with favorable terms and limited dilution is a testament to the value both sides see in our long-term potential.”

    About Liqueous LP

    Liqueous LP is an innovative, multi-strategy fund focused on leveraging emerging technologies to provide a new industry standard for how micro, small, and mid-market issuers access growth capital. By utilizing proprietary technology and advanced risk management solutions, Liqueous delivers long-term, low-cost capital that optimizes value and mitigates risk for its portfolio companies. Liqueous specializes in bespoke financing structures including shareholder liquidity products such as REPOs, block trades, and other asset-backed instruments. To learn more, visit http://www.liqueous.com.

    Forward-Looking Statements

    This press release contains forward-looking statements that involve risks and uncertainties, including those related to Liqueous LP’s and Nuburu’s financial performance and future business activities. These statements are based on current expectations and projections, but actual results may differ due to market conditions or strategic shifts. Liqueous LP is under no obligation to update these forward-looking statements except as required by law.

    Contact:
    info@liqueous.com

    The MIL Network –

  • MIL-OSI: CORRECTION – Liqueous LP Announces $65 Million Financing Program in Nuburu Inc. (BURU), Highlighting Comprehensive Financing with Limited Dilution

    Source: GlobeNewswire (MIL-OSI)

    DOVER, Del., Oct. 07, 2024 (GLOBE NEWSWIRE) — In a release issued under the same headline on Monday, October 7th by Liqueous LP, there are changes in the text. The following release removes U.S. Navy and GE Additive and corrects it to U.S. Air Force:

    Liqueous LP, a leading multi-strategy fund, focused on leveraging emerging technologies to set a new industry standard for how micro, small, and mid-market issuers access growth capital, is pleased to announce a comprehensive $65 million financing program for Nuburu Inc. (NYSE American: BURU), a trailblazer in high-power industrial blue laser technology. This financing program, structured jointly with the team at Nuburu, provides terms designed to deliver predictable, strategic, and low-cost capital while minimizing dilution, significantly exceeding Nuburu’s current market cap of approximately $2.6 million, underscoring the company’s substantial intrinsic value and transformative potential across multiple industries.

    The investment includes a $15 million direct capital injection and the establishment of a $50 million equity line of credit (ELOC), designed to accelerate Nuburu’s expansion in sectors such as e-mobility, healthcare, defense, and consumer electronics. This strategic financing solution mitigates dilution through pre-funded warrants, executed at market prices at the time of investment, allowing for possible price appreciation and flexibility across each tranche. Liqueous LP’s investment is aligned with the market value, ensuring the PIPE is funded at market price without any discounts, resets, or toxic dilutive features.

    Jacob M. Fernane, Managing Partner at Liqueous LP, commented:

    “This is a very comprehensive financing solution that provides Nuburu with predictable capital while minimizing dilution and market disruption. The financing is structured at market value with no toxic elements, ensuring our investment aligns with Nuburu’s continued success and growth. Our partnership with Nuburu reflects our strong confidence in the intrinsic value of the company’s technology and its potential to revolutionize multiple high-growth industries.”

    Under the Master Transaction Terms Agreement, Liqueous LP will provide Nuburu with immediate capital, including an initial $3 million investment via pre-funded warrants, followed by weekly capital infusions of $1.25 million until an additional $10 million is invested. Additionally, Nuburu will have access to a $50 million equity line of credit (ELOC), giving the company flexibility for future growth, including a $2.5 million convertible note that is available for immediate use.

    This financing has been structured in a way that avoids unnecessary dilution, leveraging pre-funded warrants with registration rights, while allowing the company to raise capital incrementally at market prices. This approach provides Nuburu with substantial liquidity to scale its operations while validating the company’s underlying value.

    Nuburu’s recent contracts with NASA, along with its pioneering blue laser technology and key clients including the U.S. Air Force, demonstrate the company’s growing market presence in industries that require precision and high-speed processing, such as space exploration and aerospace.

    Brian Knaley, CEO of Nuburu, added:

    “We are excited to partner with Liqueous LP in what is a significant step forward for our company. This financing continues our commitment to strengthening our balance sheet and financial position and underscores the confidence Liqueous has in our groundbreaking technology and our ability to transform key industries. The fact that this financing comes with favorable terms and limited dilution is a testament to the value both sides see in our long-term potential.”

    About Liqueous LP

    Liqueous LP is an innovative, multi-strategy fund focused on leveraging emerging technologies to provide a new industry standard for how micro, small, and mid-market issuers access growth capital. By utilizing proprietary technology and advanced risk management solutions, Liqueous delivers long-term, low-cost capital that optimizes value and mitigates risk for its portfolio companies. Liqueous specializes in bespoke financing structures including shareholder liquidity products such as REPOs, block trades, and other asset-backed instruments. To learn more, visit http://www.liqueous.com.

    About NUBURU

    Founded in 2015, NUBURU, Inc. (NYSEAM: BURU) is a developer and manufacturer of industrial blue lasers that leverage fundamental physics and its high-brightness, high-power design to produce higher quality welds and parts at a faster rate than current lasers can produce for laser welding and additive manufacturing of copper, gold, aluminum and other industrially important metals. NUBURU’s industrial blue lasers produce minimal to defect-free welds at a rate that is up to eight times faster than traditional welding methods — all with the flexibility inherent to laser processing. For more information, please visit http://www.nuburu.net.

    Forward-Looking Statements

    This press release contains forward-looking statements that involve risks and uncertainties, including those related to Liqueous LP’s and Nuburu’s financial performance and future business activities. These statements are based on current expectations and projections, but actual results may differ due to market conditions or strategic shifts. Liqueous LP is under no obligation to update these forward-looking statements except as required by law.

    Contact:
    info@liqueous.com

    The MIL Network –

  • MIL-OSI: Final result of the subsequent offer period of Onni Bidco Oy’s voluntary recommended public cash tender offer for all the shares in Innofactor Plc

    Source: GlobeNewswire (MIL-OSI)

    Innofactor Plc          Stock Exchange Release         October 8, 2024 at 8:35 a.m. (EEST)

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW. FOR FURTHER INFORMATION, PLEASE SEE SECTION ENTITLED “IMPORTANT INFORMATION” BELOW.

    Final result of the subsequent offer period of Onni Bidco Oy’s voluntary recommended public cash tender offer for all the shares in Innofactor Plc

    As announced on July 22, 2024, CapMan Growth Equity Fund III Ky, a fund managed by CapMan Group affiliated companies, (“CapMan Growth”), Sami Ensio, the founder, CEO and member of the Board of Directors of Innofactor Plc, through the holding company Ensio Investment Group Oy controlled by him, and the co-investor Osprey Capital Oy (“Osprey Capital”) form a consortium (the “Consortium”) for the purposes of the voluntary recommended public cash tender offer for all the issued and outstanding shares in Innofactor Plc (“Innofactor” or the “Company”) that are not held by Innofactor or its subsidiaries (the “Shares”) (the “Tender Offer”), made by Onni Bidco Oy (the “Offeror”), a private limited liability company incorporated and existing under the laws of Finland. The Offeror has on August 2, 2024, published the tender offer document concerning the Tender Offer. The original offer period for the Tender Offer commenced on August 5, 2024, at 9:30 a.m. (Finnish time) and expired on September 16, 2024, at 4:00 p.m. (Finnish time) (the “Original Offer Period”). The Offeror announced on September 19, 2024 in connection with the announcement of the final result of the Original Offer Period, that it will complete the Tender Offer and commence a subsequent offer period in accordance with the terms and conditions of the Tender Offer, which commenced  on September 19, 2024, at 9:30 a.m. (Finnish time) and expired on October 3, 2024, at 4:00 p.m. (Finnish time) (the “Subsequent Offer Period”).

    Based on the final result of the Subsequent Offer Period, the 914,649 Shares tendered during the Subsequent Offer Period represent approximately 2.56 percent of the Shares and voting rights in Innofactor. Together with the Shares validly accepted during the Original Offer Period and the Shares otherwise acquired or to be acquired by the Offeror (comprising 148,127 Shares that Sami Ensio has received as board remuneration), the Shares tendered during the Subsequent Offer Period represent approximately 85.05 percent of the Shares and voting rights in Innofactor.

    The offer price will be paid on or about October 10, 2024, to shareholders who have validly accepted the Tender Offer during the Subsequent Offer Period in accordance with the terms and conditions of the Tender Offer. The offer price will be paid in accordance with the payment procedures described in the terms and conditions of the Tender Offer. The actual time of receipt of the payment by each shareholder will depend on the schedule for payment transactions between financial institutions.

    The Offeror has reserved the right to acquire Shares on or after the date of this release in public trading on Nasdaq Helsinki Ltd (“Nasdaq Helsinki”) or otherwise to the extent permitted by applicable laws and regulations.

    Investor and Media enquiries:

    Innofactor

    Iida Suominen (Innofactor), ir@innofactor.com, +358 40 716 7173

    Lasse Lautsuo (Innofactor), ir@innofactor.com, +358 50 480 1597

    For further information, please visit the dedicated website at https://www.innofactor.com/invest-in-us/onni-tender-offer/.

    The Consortium

    Antti Kummu, CapMan Growth

    +358 50 432 4486

    Media

    press.contact@miltton.com

    +358 45 788 51840

    For further information, please visit the dedicated website at: https://innofactor.tenderoffer.fi/en/pto/. The link does not redirect to Innofactor’s website, but to a website operated by the Offeror.

    Distribution:

    NASDAQ Helsinki
    Main media
    http://www.innofactor.com

    ABOUT THE CONSORTIUM

    CapMan Growth and Sami Ensio (through the holding company controlled by him) together with Osprey Capital form the Consortium for the purposes of the Tender Offer. As at the date of this release, the Offeror is indirectly owned by Onni Topco Oy, a private limited liability company incorporated under the laws of Finland. Onni Topco Oy was incorporated to be the holding company in the acquisition structure and is currently owned by CapMan Growth. Following the completion of the Tender Offer, CapMan Growth is expected to own approximately 52.4 percent, Ensio Investment Group Oy approximately 42.6 percent and Osprey Capital approximately 5.0 percent of the shares in Onni Topco Oy.

    ABOUT INNOFACTOR

    Innofactor is the leading promoter of the modern digital organization in the Nordic countries for its approximately 1,000 customers in the commercial and public sectors. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor’s offering includes planning services for business-critical IT solutions, project deliveries, implementation support and maintenance services, as well as own software and services. Innofactor employs nearly 600 experts in Finland, Sweden, Denmark and Norway. Innofactor’s shares are listed on Nasdaq Helsinki with the ticker symbol IFA1V.

    IMPORTANT INFORMATION

    THIS RELEASE MAY NOT BE RELEASED OR OTHERWISE DISTRIBUTED, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW.

    THIS RELEASE IS NOT A TENDER OFFER DOCUMENT AND AS SUCH DOES NOT CONSTITUTE AN OFFER OR INVITATION TO MAKE A SALES OFFER. IN PARTICULAR, THIS RELEASE IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES DESCRIBED HEREIN, AND IS NOT AN EXTENSION OF THE TENDER OFFER, IN, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA. INVESTORS SHALL ACCEPT THE TENDER OFFER FOR THE SHARES ONLY ON THE BASIS OF THE INFORMATION PROVIDED IN A TENDER OFFER DOCUMENT. OFFERS WILL NOT BE MADE DIRECTLY OR INDIRECTLY IN ANY JURISDICTION WHERE EITHER AN OFFER OR PARTICIPATION THEREIN IS PROHIBITED BY APPLICABLE LAW OR WHERE ANY TENDER OFFER DOCUMENT OR REGISTRATION OR OTHER REQUIREMENTS WOULD APPLY IN ADDITION TO THOSE UNDERTAKEN IN FINLAND.

    THE TENDER OFFER IS NOT BEING MADE DIRECTLY OR INDIRECTLY IN ANY JURISDICTION WHERE PROHIBITED BY APPLICABLE LAW AND, WHEN PUBLISHED, THE TENDER OFFER DOCUMENT AND RELATED ACCEPTANCE FORMS WILL NOT AND MAY NOT BE DISTRIBUTED, FORWARDED OR TRANSMITTED INTO OR FROM ANY JURISDICTION WHERE PROHIBITED BY APPLICABLE LAWS OR REGULATIONS. IN PARTICULAR, THE TENDER OFFER IS NOT BEING MADE, DIRECTLY OR INDIRECTLY, IN OR INTO, OR BY USE OF THE POSTAL SERVICE OF, OR BY ANY MEANS OR INSTRUMENTALITY (INCLUDING, WITHOUT LIMITATION, FACSIMILE TRANSMISSION, TELEX, TELEPHONE OR THE INTERNET) OF INTERSTATE OR FOREIGN COMMERCE OF, OR ANY FACILITIES OF A NATIONAL SECURITIES EXCHANGE OF, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA. THE TENDER OFFER CANNOT BE ACCEPTED, DIRECTLY OR INDIRECTLY, BY ANY SUCH USE, MEANS OR INSTRUMENTALITY OR FROM WITHIN, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA AND ANY PURPORTED ACCEPTANCE OF THE TENDER OFFER RESULTING DIRECTLY OR INDIRECTLY FROM A VIOLATION OF THESE RESTRICTIONS WILL BE INVALID.

    THIS RELEASE HAS BEEN PREPARED IN COMPLIANCE WITH FINNISH LAW, THE RULES OF NASDAQ HELSINKI AND THE HELSINKI TAKEOVER CODE AND THE INFORMATION DISCLOSED MAY NOT BE THE SAME AS THAT WHICH WOULD HAVE BEEN DISCLOSED IF THIS RELEASE HAD BEEN PREPARED IN ACCORDANCE WITH THE LAWS OF JURISDICTIONS OUTSIDE OF FINLAND.

    Information for shareholders of Innofactor in the United States

    Shareholders of Innofactor in the United States are advised that the Shares are not listed on a U.S. securities exchange and that Innofactor is not subject to the periodic reporting requirements of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”), and is not required to, and does not, file any reports with the U.S. Securities and Exchange Commission (the “SEC”) thereunder.

    The Tender Offer will be made for the issued and outstanding shares of Innofactor, which is domiciled in Finland, and is subject to Finnish disclosure and procedural requirements. The Tender Offer is made in the United States pursuant to Section 14(e) and Regulation 14E under the Exchange Act, subject to the exemption provided under Rule 14d-1(c) under the Exchange Act, for a Tier I tender offer, and otherwise in accordance with the disclosure and procedural requirements of Finnish law, including with respect to the Tender Offer timetable, settlement procedures, withdrawal, waiver of conditions and timing of payments, which are different from those of the United States. In particular, the financial information included in this stock exchange release has been prepared in accordance with applicable accounting standards in Finland, which may not be comparable to the financial statements or financial information of U.S. companies. The Tender Offer is made to Innofactor’s shareholders resident in the United States on the same terms and conditions as those made to all other shareholders of Innofactor to whom an offer is made. Any informational documents, including this stock exchange release, are being disseminated to U.S. shareholders on a basis comparable to the method that such documents are provided to Innofactor’s other shareholders.

    To the extent permissible under applicable law or regulations, the Offeror and its affiliates or its brokers and its brokers’ affiliates (acting as agents for the Offeror or its affiliates, as applicable) may from time to time after the date of this stock exchange release and during the pendency of the Tender Offer, and other than pursuant to the Tender Offer, directly or indirectly purchase or arrange to purchase Shares or any securities that are convertible into, exchangeable for or exercisable for Shares. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. To the extent information about such purchases or arrangements to purchase is made public in Finland, such information will be disclosed by means of a press release or other means reasonably calculated to inform U.S. shareholders of Innofactor of such information. In addition, the financial adviser to the Offeror may also engage in ordinary course trading activities in securities of Innofactor, which may include purchases or arrangements to purchase such securities. To the extent required in Finland, any information about such purchases will be made public in Finland in the manner required by Finnish law.

    Neither the SEC nor any U.S. state securities commission has approved or disapproved the Tender Offer, passed upon the merits or fairness of the Tender Offer, or passed any comment upon the adequacy, accuracy or completeness of the disclosure in relation to the Tender Offer. Any representation to the contrary is a criminal offence in the United States.

    The receipt of cash pursuant to the Tender Offer by a U.S. holder of Shares may be a taxable transaction for U.S. federal income tax purposes and under applicable U.S. state and local, as well as foreign and other, tax laws. Each holder of Shares is urged to consult its independent professional advisers immediately regarding the tax and other consequences of accepting the Tender Offer.

    To the extent the Tender Offer is subject to U.S. securities laws, those laws only apply to U.S. holders of Shares and will not give rise to claims on the part of any other person. It may be difficult for Innofactor’s shareholders to enforce their rights and any claims they may have arising under the U.S. federal securities laws, since the Offeror and Innofactor are located in non-U.S. jurisdictions and some or all of their respective officers and directors may be residents of non-U.S. jurisdictions. Innofactor shareholders may not be able to sue the Offeror or Innofactor or their respective officers or directors in a non-U.S. court for violations of the U.S. federal securities laws. It may be difficult to compel the Offeror and Innofactor and their respective affiliates to subject themselves to a U.S. court’s judgment.

    Forward-looking statements

    This release contains statements that, to the extent they are not historical facts, constitute “forward-looking statements”. Forward-looking statements include statements concerning plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, competitive strengths and weaknesses, plans or goals relating to financial position, future operations and development, business strategy and the trends in the industries and the political and legal environment and other information that is not historical information. In some instances, they can be identified by the use of forward-looking terminology, including the terms “believes”, “intends”, “may”, “will” or “should” or, in each case, their negative or variations on comparable terminology. By their very nature, forward-looking statements involve inherent risks, uncertainties and assumptions, both general and specific, and risks exist that the predictions, forecasts, projections and other forward-looking statements will not be achieved. Given these risks, uncertainties and assumptions, investors are cautioned not to place undue reliance on such forward-looking statements. Any forward-looking statements contained herein speak only as at the date of this release.

    Disclaimer

    Carnegie Investment Bank AB (publ), which is authorised and supervised by the Swedish Financial Supervisory Authority (Finansinspektionen), is acting through its Finland Branch (“Carnegie”). The Finland branch is authorised by the Swedish Financial Supervisory Authority and subject to limited supervision by the Finnish Financial Supervisory Authority (Finanssivalvonta). Carnegie is acting exclusively for the Offeror and no one else in connection with the Tender Offer and the matters set out in this release. Neither Carnegie nor its affiliates, nor their respective partners, directors, officers, employees or agents are responsible to anyone other than the Offeror for providing the protections afforded to clients of Carnegie, or for giving advice in connection with the Tender Offer or any matter or arrangement referred to in this release.

    Advium Corporate Finance Ltd. is acting exclusively on behalf of Innofactor and no one else in connection with the Tender Offer or other matters referred to in this release, does not consider any other person (whether the recipient of this release or not) as a client in connection to the Tender Offer, and is not responsible to anyone other than Innofactor for providing protection or providing advice in connection with the Tender Offer or any other transaction or arrangement referred to in this release.

    The MIL Network –

  • MIL-OSI: Sampo plc’s share buybacks 7 October 2024

    Source: GlobeNewswire (MIL-OSI)

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

    Sampo plc’s share buybacks 7 October 2024

    On 7 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)
      4,177 41.13 AQEU        
      44,885 41.21 CEUX
      1,123 41.25 TQEX
      43,707 41.17 XHEL
    TOTAL 93,892 41.19  

    *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 8,131,614 Sampo A shares representing 1.48 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: TGS Q3 2024 Operational Update

    Source: GlobeNewswire (MIL-OSI)

    OSLO, Norway (8 October 2024) – TGS, a leading global provider of energy data and intelligence routinely publishes a quarterly operational update six working days after quarter-end.

    The table below shows TGS’s normalized Ocean Bottom Node (OBN) crew count:  

       

    2022

    		  

    2023

    		  

    2024
    Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
    Normalized crewcount1  

    2.9

    		  

    3.2

    		  

    3.2

    		  

    2.3

    		  

    2.6

    		  

    3.2

    		  

    3.2

    		  

    1.9

    		  

    1.9

    		  

    2.7

    		  

    3.8

    1) The table shows average number of crews in operation when assuming a normalized crew size. In Q3 2024 all crews were used for contract work. If crews are used for multi-client in the future that will be disclosed.
      
    The table below shows TGS’s streamer vessel allocation:

    Allocation of active seismic 3D vessel capacity2  

     

    2022

    		  

     

    2023

    		  

     

    2024
      Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
    Contract 39% 41% 60% 63% 51% 34% 16% 25% 36% 28% 20%
    Multi-client 16% 24% 28% 12% 23% 41% 70% 31% 30% 36% 57%
    Steaming 8% 14% 8% 16% 11% 13% 6% 18% 7% 14% 6%
    Yard 6% 9% 3% 3% 2% 10% 4% 14% 6% 6% 2%
    Stacked/Standby 31% 12% 1% 6% 13% 2% 4% 12% 21% 16% 15%
    Number of vessels 6 6 6 6 6 6 7 7 7 6 6

    2) The statistics include only active seismic 3D vessels (capacity working on New Energy Solutions projects are excluded). The Ramform Victory was brought into operation in Q3 2023, and the Ramform Vanguard was converted to a dual-purpose seismic and offshore wind vessel in Q2 2024. The two cold-stacked vessels are excluded from the statistics.

    Based on a preliminary financial review TGS expects Q3 2024 multi-client investment to be approximately USD 132 million.

    The table below shows pro-forma multi-client investment:

    In USD million  

    2022

    		  

    2023

    		  

    2024
      Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
    Multi-client investment  

    60

    		  

    70

    		  

    129

    		  

    90

    		  

    163

    		  

    125

    		  

    181

    		  

    106

    		  

    106

    		  

    92

    		  

    132

    Kristian Johansen, CEO at TGS, commented: “I am very pleased to see strong utilization of our OBN crews in Q3, where we had one crew in West Africa, two crews in the Gulf of Mexico and one crew in Europe. Demand for our OBN services continues to be strong and we achieved a solid order inflow during the quarter. Our seismic streamer vessel utilization in Q3 ended at 77%, a sequential increase, but still below the approximately 85% level we consider full utilization, when adjusting for steaming and yard time. Active tenders for streamer contract work have increased significantly over the summer. We expect that higher contract bidding activity in combination with the synergy effects of a larger multi-client project portfolio, will improve our streamer vessel utilization going forward.”

    TGS will release its Q3 2024 results at 07:00 a.m. CEST on 24 October 2024. CEO Kristian Johansen and CFO Sven Børre Larsen will present the results at 09:00 a.m. CEST during a live presentation and webcast. The presentation will take place at House of Oslo, Ruseløkkveien 34, 0251 Oslo and is open to the public.

    The webcast can be followed live via this link:
    https://channel.royalcast.com/landingpage/hegnarmedia/20241024_5/

    For more information, visit TGS.com (http://www.tgs.com) or contact:

    Bård Stenberg, VP IR & Communication
    Tel.: +47 992 45 235
    E-mail: investor@tgs.com

    About TGS
    TGS provides advanced data and intelligence to companies active in the energy sector. With leading-edge technology and solutions spanning the entire energy value chain, TGS offers a comprehensive range of insights to help clients make better decisions. Our broad range of products and advanced data technologies, coupled with a global, extensive and diverse energy data library, make TGS a trusted partner in supporting the exploration and production of energy resources worldwide. For further information, please visit http://www.tgs.com (https://www.tgs.com/).

    Forward Looking Statement
    All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict and are based upon assumptions as to future events that may not prove accurate. These factors include volatile market conditions, investment opportunities in new and existing markets, demand for licensing of data within the energy industry, operational challenges, and reliance on a cyclical industry and principal customers. Actual results may differ materially from those expected or projected in the forward- looking statements. TGS undertakes no responsibility or obligation to update or alter forward-looking statements for any reason.

    The MIL Network –

  • MIL-OSI: Xalts onboards Polygon on its enterprise grade RWA tokenization platform for financial institutions

    Source: GlobeNewswire (MIL-OSI)

    Singapore, Oct. 08, 2024 (GLOBE NEWSWIRE) — Xalts today announced a deeper collaboration to bring its enterprise-grade real world asset tokenization platform, RWA Cloud, to the Polygon blockchain network. RWA Cloud provides out-of-the-box solutions to enable financial services, governments, and other enterprise developers looking to build digital asset platforms for implementing blockchain, tokenization, and smart contract applications for different use cases.

    Xalts works with financial services and businesses to provide connectivity by leveraging a modern technology stack, including APIs, Blockchains, and Orchestration layers. Its product suite includes solutions such as the RWA Cloud platform, which enables large institutions such as financial services and governments to quickly build complex solutions on blockchains. 

    By integrating Polygon within Xalts’ RWA Cloud platform, enterprise application developers will be able to deploy and build blockchain applications quickly and at a very low cost using Polygon. Xalts will further partner with the Polygon Labs team on a host of institutional applications, including those around trade and supply chain finance, treasury management, and digital currency adoption.

    Xalts’ RWA Cloud addresses challenges enterprises and regulators face while implementing blockchain, such as retaining complex rules, workflows, processes, and user compliances mandated by internal or regulatory governance. Enterprises can manage process complexity associated with events like issuance, servicing, or transfers by leveraging RWA Cloud’s Smart Workflow Core, an orchestration layer that connects with smart contract libraries and multiple off-chain systems. 

    “We are very excited to onboard Polygon. Deeper collaboration and integrations with blockchain partners enables regulated financial institutions to build their enterprise use cases in a seamless way. We look forward to accelerating the adoption of RWA tokenization by enterprises.”, said Supreet Kaur, Chief Operating Officer, Xalts.

    This year has marked a significant step forward in the advancement of tokenization in real-world application within the financial sector with regulators such as Hong Kong Monetary Authority (HKMA) Project Ensemble for asset tokenization and Monetary Authority of Singapore (MAS) expanding the Project Guardian and Global Layer One (GL1) initiatives. 

    “Integrating Polygon with Xalts RWA Cloud will speed up the enterprise adoption of blockchain & RWA Tokenization use cases. We look forward to working closely with the Xalts team to enable financial institutions and fintechs with a plug and play solution”, said Colin Butler, Global Head of Institutional Capital at Polygon Labs.

    Ends

    About Xalts
    Xalts is a financial technology firm providing enterprise grade, real time connectivity between financial services & businesses by leveraging modern technology stack including APIs, Blockchains & Orchestration layers to automate complex workflows. Xalts is backed by Accel and Citi Ventures and has a presence in Singapore, Hong Kong, India, UAE and UK. To learn more about Xalts, visit https://xalts.io/ 

    The MIL Network –

  • MIL-OSI: Notice on Public Offering of Subordinated Bonds of Bigbank AS

    Source: GlobeNewswire (MIL-OSI)

    Bigbank AS (registry code 10183757, address Riia tn 2, Tartu, 51004) (Bigbank) hereby announces a public offering of its unsecured subordinated bonds (Offering) and informs about the approval of prospectus supplement no. 2 by the Estonian Financial Supervision and Resolution Authority (FSA) to the base prospectus registered on 13 November 2023 (the base prospectus, its earlier supplement no. 1, and supplement no. 2 approved by FSA for this offering, hereinafter collectively referred to as the Prospectus).

    The Offering is a third series of the Bigbank unsecured subordinated bond programme (Programme) described in the Prospectus. The Offering is conducted on the basis of the Prospectus, which has been supplemented and includes supplement no. 1 (Supplement  1), approved by the FSA on 13 May 2024, and supplement no. 2 (Supplement 2), approved by the FSA on 7 October 2024, both of which have been  disclosed on the date of this announcement on the web pages of Bigbank (https://investor.bigbank.eu) and the FSA (https://www.fi.ee). Supplements 1 and 2 incorporate into the Prospectus Bigbank’s audited annual report for the financial year ended 31 December 2023, the interim report for the 6-month period ended on 30 June 2024, and update the Prospectus with information about recent events, changes, and their potential impact on Bigbank.

    The planned volume of the third series is up to 3 million euros with the option of increasing the amount up to 8 million euros. Under the Programme it is possible for Bigbank to raise up to 30 million euros in total.

    Main terms of the Offering

    Under the Offering, Bigbank offers up to 3,000 unsecured subordinated bonds “EUR 6.50 BIGBANK ALLUTATUD VÕLAKIRI 24-2034” with the nominal value of EUR 1,000 per bond, with a maturity date of 23 October 2034. Bigbank will pay interest on the bonds quarterly at a fixed rate of 6.50% per annum. In the event of oversubscription, Bigbank is entitled to increase the amount of bonds offered by 5,000 bonds, bringing the total up to 8,000 bonds. Bigbank is also entitled to cancel the Offering in the volume not subscribed. The unsecured subordinated bonds are offered at a price of EUR 1,000 per one bond. The unsecured subordinated bonds are registered in the Estonian Register of Securities operated by Nasdaq CSD Estonian Branch (Nasdaq CSD) under ISIN code EE3300004977.

    The subscription period for the bonds starts on 8 October 2024 at 10:00 and will end on 18 October 2024 at 15:30. The Offering will be targeted to retail and qualified investors in Estonia, Latvia, and Lithuania. The unsecured subordinated bonds will be offered only in Estonia, Latvia, and Lithuania and not in any other jurisdiction. Additionally, Bigbank may offer the bonds non-publicly in all the member states of the European Economic Area in accordance with exemptions provided for in Article 1(4) of Regulation (EU) 2017/1129.

    A subordinated bond represents an unsecured debt obligation of Bigbank before the investor. The subordination of the bonds means that upon the liquidation or bankruptcy of Bigbank, all the claims arising from the subordinated bonds shall fall due and shall be satisfied only after the full satisfaction of all unsubordinated recognised claims in accordance with the applicable law. Among other things, with subordinated bonds, the risk of write-down or conversion of liabilities and claims (bail-in risk) must be considered.

    Specific details of the Offering are provided in the Prospectus and the Prospectus summary for third series.

    The indicative timetable of the Offering is the following:

    Subscription period starts 8 October 2024 at 10:00
    Subscription period ends 18 October 2024 at 15:30
    Announcement of the Offering results On or around 21 October 2024
    Settlement of the Offering On or around 23 October 2024
    First trading day On or around 24 October 2024

     

    Submitting subscription undertakings

    To subscribe for the bonds during the Offering, an investor must have a securities account with a Nasdaq CSD account operator or a financial institution who is a member of the Nasdaq Riga or Nasdaq Vilnius Stock Exchange.

    An Estonian investor wishing to subscribe for the bonds should contact the securities account operator that operates their securities account and submit the subscription undertaking during the offering period.

    A Latvian or Lithuanian investor wishing to subscribe for the bonds should contact the relevant financial institution and submit the subscription undertaking in the format and manner prescribed by the financial institution and in accordance with the terms of the Prospectus. 

    By submitting the subscription undertaking, an investor authorises the account operator or the relevant financial institution who operates the investor’s current account connected to its securities account to immediately block the whole transaction amount on the investor’s current account until the settlement is completed or funds are released in accordance with the terms set out in the Prospectus.

    Listing and admission to trading of unsecured subordinated bonds of Bigbank

    Nasdaq Tallinn Stock Exchange operator has on 29 November 2023 approved Bigbank’s application to list and admit to trading up to 30,000 subordinated bonds with nominal value of EUR 1,000 to be issued by Bigbank under the Programme. Bigbank shall also submit an application to Nasdaq Tallinn Stock Exchange operator for listing and admission to trading of all the bonds issued during the Offering on the Baltic Bond List of the Nasdaq Tallinn Stock Exchange. The expected date of listing and admission to trading is on or about 24 October 2024. 

    While every effort will be made and due care will be taken to ensure the listing and the admission to trading of the unsecured subordinated bonds, Bigbank cannot ensure that the unsecured subordinated bonds will be listed and admitted to trading.

    Availability of the documentation of the Offering

    The Prospectus (including its Supplement 1 and Supplement 2), along with the terms and conditions of the bonds, the final terms of the third series, and the summary of the Prospectus for the third series, has been published and is available in electronic form on Bigbank’s website at https://investor.bigbank.eu and on the FSA’s website at https://www.fi.ee. In addition to the above, translations of the third series summary of the Prospectus into Estonian, Latvian and Lithuanian are available in electronic form on Bigbank’s website at https://investor.bigbank.eu.

    Before investing in Bigbank’s unsecured subordinated bonds, please review the Prospectus (including Supplement 1 and Supplement 2), its third series summary, the terms and conditions of the bonds, and the final terms of the bonds for the third series in full, and consult an expert if necessary.

     

    Argo Kiltsmann
    Member of the Management Board
    Tel: +372 53 930 833
    Email: Argo.Kiltsmann@bigbank.ee
    http://www.bigbank.ee 

     

    Important information

    This notice is an advertisement for securities within the meaning of the Regulation No 2017/1129/EU of 14 June 2017 of the European Parliament and of the Council European Parliament and does not constitute an offer to sell subordinated bonds or an invitation to subscribe to subordinated bonds. Each investor should make any decision to invest in the bonds only based on the information contained in the Prospectus (including Supplement 1 and Supplement 2), its third series summary, the terms and conditions of the bonds, and the final terms of the bonds for the third series. The approval of the Prospectus by the Financial Supervision Authority is not considered to be a recommendation for Bigbank’s subordinated bonds.

    The information contained in this notice is not intended to be published, distributed, or transmitted, in whole or in part, directly or indirectly, in any country or under any circumstance where publication, sharing or transmission would be unlawful or to any persons to whom the competent authorities have applied financial sanctions. Bigbank’s unsecured subordinated bonds will be publicly offered only in Estonia, Latvia and Lithuania and the sale or offer of the bonds shall not take place in any jurisdiction where such offer, invitation or sale would be unlawful without the exception or qualification of law or to any persons to whom the competent authorities have applied financial sanctions. The unsecured subordinated bonds are offered solely based on the Prospectus (including Supplement 1 and Supplement 2), its third series summary, the terms and conditions of the bonds, and the final terms of the bonds for the third series, and the Offering is intended only for the persons to whom the Prospectus is directed. The present notice is not reviewed or confirmed by any supervisory authority, and it does not constitute a prospectus.

    Attachments

    The MIL Network –

  • MIL-OSI: Clean Energy Technologies, Inc. Collaborates with True North Computing to Deliver Advanced Microgrid Solutions for Cryptocurrency Mining Operations

    Source: GlobeNewswire (MIL-OSI)

    Irvine, CA., Oct. 08, 2024 (GLOBE NEWSWIRE) — Clean Energy Technologies, Inc. (“CETY”) (Nasdaq: CETY), a clean energy manufacturing and services company offering eco-friendly green energy solutions, clean energy fuels, and alternative electric power for small and mid-size projects in North America, Europe, and Asia, has signed a memorandum of understanding with True North Computation, Inc. (TNC), a premier bitcoin mining company, to deliver advanced microgrid solutions for their datacenters and cryptocurrency mining operations.

    TNC is a well-established leader in the cryptocurrency mining sector, recognized for its focus on efficiency and environmental sustainability. This collaboration will empower TNC to optimize its energy consumption and improve the environmental impact of its mining operations by integrating CETY’s advanced microgrid solutions. CETY’s technology will reduce TNC’s energy costs through fully integrated power generation, energy storage, heat recovery, and energy management systems, delivering long-term savings in a 20MW microgrid application within the U.S. CETY and its affiliates will provide comprehensive engineering, procurement, and management services for this project.

    CETY’s solutions offer the following key benefits to crypto mining operations:

    • Reduce emissions from mining activities.
    • Increase uptime and ensure continuous, reliable operations.
    • Utilize an advanced energy management system to boost efficiency and lower operational costs.
    • Lower overall maintenance costs, contributing to long-term operational savings.

    “We are thrilled to partner with True North Computing to provide tailored microgrid solutions that meet the unique demands of crypto mining,” said Kam Mahdi, CEO of Clean Energy Technologies, Inc. “This partnership reflects our commitment to delivering innovative and environmentally friendly energy solutions that support the growth and productivity of high-energy-demand industries like cryptocurrency mining.”

    Microgrids are transforming the way energy is managed, particularly for high-demand operations such as AI datacenters and Bitcoin mining. These innovative systems provide localized power generation that can operate independently or alongside the main grid, ensuring uninterrupted power and increased operational resilience. With CETY’s advanced microgrid technologies, TNC will benefit from tailored solutions that not only enhance energy efficiency and reliability but also reduce operational costs and environmental impact.

    “We are excited to collaborate with Clean Energy Technologies, Inc. to enhance the energy efficiency and sustainability of our mining operations,” said Bruno Lauducer, CEO of TNC. “CETY’s expertise in microgrid solutions will enable us to achieve greater operational efficiency and reduce our environmental impact.”

    About True North Computation Group

    True North Computation Group (TNC) is a leading cryptocurrency mining company dedicated to achieving operational excellence and sustainability. TNC leverages cutting-edge technology and innovative strategies to maintain its position at the forefront of the bitcoin mining industry.

    For more information, visit https://www.tncgroup.ca

    About Clean Energy Technologies, Inc. (CETY)

    Headquartered in Irvine, California, Clean Energy Technologies, Inc. (CETY) is a rising leader in the zero-emission revolution by offering eco-friendly green energy solutions, clean energy fuels and alternative electric power for small and mid-sized projects in North America, Europe, and Asia. We deliver power from heat and biomass with zero emission and low cost. The Company’s principal products are Waste Heat Recovery Solutions using our patented Clean CycleTM generator to create electricity. Waste to Energy Solutions convert waste products created in manufacturing, agriculture, wastewater treatment plants and other industries to electricity and BioChar. Engineering, Consulting and Project Management Solutions provide expertise and experience in developing clean energy projects for municipal and industrial customers and Engineering, Procurement and Construction (EPC) companies.

    CETY’s common stock is currently traded on the Nasdaq Capital Market under the symbol “CETY.” For more information, visit http://www.cetyinc.com.

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

    Follow CETY on our social media channels: Twitter | LinkedIn | Facebook

    This summary should be read in conjunction with the Company’s quarterly report on Form 10-Q for the quarterly period ended March 31, 2024 and other periodic filings made pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, which contain, among other matters, risk factors and financial footnotes as well as a discussions of our business, operations and financial matters located on the website of the Securities and Exchange Commission at http://www.sec.gov.

    Safe Harbor Statement

    This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the Company’s analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the “Safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on the Company’s current beliefs, expectations and assumptions regarding the future of CETY’s business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements can be identified by words such as: “anticipate,” “plan,” “expect,” “estimate,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Any forward-looking statement made by the Company in this press release is based only on information currently available to us and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Clean Energy Technologies, Inc.

    Investor and Investment Media inquiries:

    949-273-4990

    ir@cetyinc.com

    Source: Clean Energy Technologies, Inc.

    The MIL Network –

  • MIL-OSI: ICG : Notification of Major Holdings

    Source: GlobeNewswire (MIL-OSI)

    TR-1: Standard form for notification of major holdings

    1. Issuer Details
    ISIN
    GB00BYT1DJ19
    Issuer Name
    INTERMEDIATE CAPITAL GROUP PLC
    UK or Non-UK Issuer
    UK
    2. Reason for Notification
    An acquisition or disposal of voting rights; An acquisition or disposal of financial instruments
    3. Details of person subject to the notification obligation
    Name
    BlackRock, Inc.
    City of registered office (if applicable)
    Wilmington
    Country of registered office (if applicable)
    USA
    4. Details of the shareholder
    Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

    City of registered office (if applicable)

    Country of registered office (if applicable)

    5. Date on which the threshold was crossed or reached
    04-Oct-2024
    6. Date on which Issuer notified
    07-Oct-2024
    7. Total positions of person(s) subject to the notification obligation

    . % of voting rights attached to shares (total of 8.A) % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) Total of both in % (8.A + 8.B) Total number of voting rights held in issuer
    Resulting situation on the date on which threshold was crossed or reached Below 5% Below 5% Below 5% Below 5%
    Position of previous notification (if applicable) 4.950000 0.260000 5.210000  

    8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
    8A. Voting rights attached to shares

    Class/Type of shares ISIN code(if possible) Number of direct voting rights (DTR5.1) Number of indirect voting rights (DTR5.2.1) % of direct voting rights (DTR5.1) % of indirect voting rights (DTR5.2.1)
    GB00BYT1DJ19   Below 5%   Below 5%
    Sub Total 8.A Below 5% Below 5%

    8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))

    Type of financial instrument Expiration date Exercise/conversion period Number of voting rights that may be acquired if the instrument is exercised/converted % of voting rights
    Securities Lending     Below 5% Below 5%
    Sub Total 8.B1   Below 5% Below 5%

    8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))

    Type of financial instrument Expiration date Exercise/conversion period Physical or cash settlement Number of voting rights % of voting rights
    CFD     Cash Below 5% Below 5%
    Sub Total 8.B2   Below 5% Below 5%

    9. Information in relation to the person subject to the notification obligation
    2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

    Ultimate controlling person Name of controlled undertaking % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold
    BlackRock, Inc. (Chain 1) BlackRock Finance, Inc.      
    BlackRock, Inc. (Chain 1) Trident Merger, LLC      
    BlackRock, Inc. (Chain 1) BlackRock Investment Management, LLC      
    BlackRock, Inc. (Chain 2) BlackRock Finance, Inc.      
    BlackRock, Inc. (Chain 2) BlackRock Holdco 2, Inc.      
    BlackRock, Inc. (Chain 2) BlackRock Financial Management, Inc.      
    BlackRock, Inc. (Chain 2) BlackRock International Holdings, Inc.      
    BlackRock, Inc. (Chain 2) BR Jersey International Holdings L.P.      
    BlackRock, Inc. (Chain 2) BlackRock Holdco 3, LLC      
    BlackRock, Inc. (Chain 2) BlackRock Cayman 1 LP      
    BlackRock, Inc. (Chain 2) BlackRock Cayman West Bay Finco Limited      
    BlackRock, Inc. (Chain 2) BlackRock Cayman West Bay IV Limited      
    BlackRock, Inc. (Chain 2) BlackRock Group Limited      
    BlackRock, Inc. (Chain 2) BlackRock Finance Europe Limited      
    BlackRock, Inc. (Chain 2) BlackRock Investment Management (UK) Limited      
    BlackRock, Inc. (Chain 3) BlackRock Finance, Inc.      
    BlackRock, Inc. (Chain 3) BlackRock Holdco 2, Inc.      
    BlackRock, Inc. (Chain 3) BlackRock Financial Management, Inc.      
    BlackRock, Inc. (Chain 3) BlackRock International Holdings, Inc.      
    BlackRock, Inc. (Chain 3) BR Jersey International Holdings L.P.      
    BlackRock, Inc. (Chain 3) BlackRock Australia Holdco Pty. Ltd.      
    BlackRock, Inc. (Chain 3) BlackRock Investment Management (Australia) Limited      
    BlackRock, Inc. (Chain 4) BlackRock Finance, Inc.      
    BlackRock, Inc. (Chain 4) BlackRock Holdco 2, Inc.      
    BlackRock, Inc. (Chain 4) BlackRock Financial Management, Inc.      
    BlackRock, Inc. (Chain 4) BlackRock Holdco 4, LLC      
    BlackRock, Inc. (Chain 4) BlackRock Holdco 6, LLC      
    BlackRock, Inc. (Chain 4) BlackRock Delaware Holdings Inc.      
    BlackRock, Inc. (Chain 4) BlackRock Institutional Trust Company, National Association      
    BlackRock, Inc. (Chain 5) BlackRock Finance, Inc.      
    BlackRock, Inc. (Chain 5) BlackRock Holdco 2, Inc.      
    BlackRock, Inc. (Chain 5) BlackRock Financial Management, Inc.      
    BlackRock, Inc. (Chain 5) BlackRock Holdco 4, LLC      
    BlackRock, Inc. (Chain 5) BlackRock Holdco 6, LLC      
    BlackRock, Inc. (Chain 5) BlackRock Delaware Holdings Inc.      
    BlackRock, Inc. (Chain 5) BlackRock Fund Advisors      
    BlackRock, Inc. (Chain 6) BlackRock Finance, Inc.      
    BlackRock, Inc. (Chain 6) BlackRock Holdco 2, Inc.      
    BlackRock, Inc. (Chain 6) BlackRock Financial Management, Inc.      
    BlackRock, Inc. (Chain 7) BlackRock Finance, Inc.      
    BlackRock, Inc. (Chain 7) BlackRock Holdco 2, Inc.      
    BlackRock, Inc. (Chain 7) BlackRock Financial Management, Inc.      
    BlackRock, Inc. (Chain 7) BlackRock International Holdings, Inc.      
    BlackRock, Inc. (Chain 7) BR Jersey International Holdings L.P.      
    BlackRock, Inc. (Chain 7) BlackRock (Singapore) Holdco Pte. Ltd.      
    BlackRock, Inc. (Chain 7) BlackRock HK Holdco Limited      
    BlackRock, Inc. (Chain 7) BlackRock Asset Management North Asia Limited      
    BlackRock, Inc. (Chain 8) BlackRock Finance, Inc.      
    BlackRock, Inc. (Chain 8) BlackRock Holdco 2, Inc.      
    BlackRock, Inc. (Chain 8) BlackRock Financial Management, Inc.      
    BlackRock, Inc. (Chain 8) BlackRock International Holdings, Inc.      
    BlackRock, Inc. (Chain 8) BR Jersey International Holdings L.P.      
    BlackRock, Inc. (Chain 8) BlackRock Holdco 3, LLC      
    BlackRock, Inc. (Chain 8) BlackRock Cayman 1 LP      
    BlackRock, Inc. (Chain 8) BlackRock Cayman West Bay Finco Limited      
    BlackRock, Inc. (Chain 8) BlackRock Cayman West Bay IV Limited      
    BlackRock, Inc. (Chain 8) BlackRock Group Limited      
    BlackRock, Inc. (Chain 8) BlackRock Finance Europe Limited      
    BlackRock, Inc. (Chain 8) BlackRock (Netherlands) B.V.      
    BlackRock, Inc. (Chain 8) BlackRock Asset Management Deutschland AG      
    BlackRock, Inc. (Chain 9) BlackRock Finance, Inc.      
    BlackRock, Inc. (Chain 9) BlackRock Holdco 2, Inc.      
    BlackRock, Inc. (Chain 9) BlackRock Financial Management, Inc.      
    BlackRock, Inc. (Chain 9) BlackRock International Holdings, Inc.      
    BlackRock, Inc. (Chain 9) BlackRock Canada Holdings ULC      
    BlackRock, Inc. (Chain 9) BlackRock Asset Management Canada Limited      
    BlackRock, Inc. (Chain 10) BlackRock Finance, Inc.      
    BlackRock, Inc. (Chain 10) BlackRock Holdco 2, Inc.      
    BlackRock, Inc. (Chain 10) BlackRock Financial Management, Inc.      
    BlackRock, Inc. (Chain 10) BlackRock International Holdings, Inc.      
    BlackRock, Inc. (Chain 10) BR Jersey International Holdings L.P.      
    BlackRock, Inc. (Chain 10) BlackRock Holdco 3, LLC      
    BlackRock, Inc. (Chain 10) BlackRock Cayman 1 LP      
    BlackRock, Inc. (Chain 10) BlackRock Cayman West Bay Finco Limited      
    BlackRock, Inc. (Chain 10) BlackRock Cayman West Bay IV Limited      
    BlackRock, Inc. (Chain 10) BlackRock Group Limited      
    BlackRock, Inc. (Chain 10) BlackRock Finance Europe Limited      
    BlackRock, Inc. (Chain 10) BlackRock Advisors (UK) Limited      

    10. In case of proxy voting
    Name of the proxy holder

    The number and % of voting rights held

    The date until which the voting rights will be held

    11. Additional Information
    BlackRock Regulatory Threshold Reporting Team

    Jana Blumenstein

    020 7743 3650
    12. Date of Completion
    07th October 2024
    13. Place Of Completion
    12 Throgmorton Avenue, London, EC2N 2DL, U.K.

    The MIL Network –

  • MIL-OSI: Bigbank AS Invites to Attend Webinars Introducing Public Subordinated Bond Offering

    Source: GlobeNewswire (MIL-OSI)

    Bigbank AS invites all interested parties to participate in a webinar introducing the issue of the public offering of Bigbank AS subordinated bonds in Estonia, Latvia, and Lithuania. The webinars will be organised on 9th October 2024 at 11:00 (EET) in Estonian and at 16:00 (EET) in English.

    In the webinar, Bigbank AS management board members Martin Länts and Argo Kiltsmann will present an overview of Bigbank AS group, including business results, future plans and the terms and conditions of the public subordinated bond issue. Those interested can ask questions during the webinar.

    To participate in the webinar held in Estonian (11:00, EET), please register at https://nasdaq.zoom.us/webinar/register/WN_OTpFudPRQoKQLWMiHytn8A.
    To participate in the webinar held in English (16:00, EET), please register at https://nasdaq.zoom.us/webinar/register/WN_vxUCOaIdQSqIjkzeUgaZfA.

    The webinar will be recorded and published on Bigbank AS investor website https://investor.bigbank.eu and on the Nasdaq Baltic YouTube channel.

    Argo Kiltsmann
    Member of the Management Board
    Tel: +372 53 930 833
    Email: Argo.Kiltsmann@bigbank.ee 
    http://www.bigbank.ee

    The MIL Network –

  • MIL-OSI: Nasdaq Launches PureStream in Europe – A new tool for trajectory trading

    Source: GlobeNewswire (MIL-OSI)

    STOCKHOLM, Oct. 08, 2024 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) today announced the planned launch of PureStream, a new volume-based trajectory trading solution giving clients access to EU shares on Nasdaq Europe*. PureStream is already available in the US and Canada and is expected to launch on Nasdaq Europe in Q1 2025, pending regulatory approval.

    PureStream on Nasdaq Europe is designed to offer clients a venue-operated service for trajectory trading with conditional indications of interests, favoring interactions between institutional investors with a common execution goal, while enabling access to latent algorithmic liquidity in line with each strategy’s volume goals.

    “PureStream and Nasdaq have a strong partnership,” said Armando Diaz, CEO of PureStream. “We are fully committed to advancing streaming globally, and we are very excited about Nasdaq’s introduction of PureStream in Europe which marks a significant milestone.”

    The solution significantly improves the process of price and liquidity discovery by using open-ended liquidity transfer rates. This allows institutional investors to minimize market impact and utilize conditional trade negotiation to automate their parent order execution by trading a percentage of the market’s future volume at the market’s volume-weighted-average-price (VWAP).

    “We are very excited to bring PureStream to Nasdaq Europe,” said Nikolaj Kosakewitsch, Senior Vice President and Head of European Equities & Derivatives at Nasdaq. “This launch underscores our commitment to offering world-class platforms that support the evolving needs of the global capital markets. PureStream on Nasdaq Europe will provide greater choice of trade execution mechanisms to our clients and help institutional investors navigate the European trading landscape.”

    PureStream on Nasdaq Europe is designed to offer a new tool to buy- and sell-side trading firms when executing long-term trajectory orders by pairing trading interests in open-ended streaming batches. This removes traders’ reliance on sourcing liquidity on a single point-in-time basis and drives better execution outcomes when working larger trading interest over time.

    Nasdaq remains dedicated to driving innovation and excellence in the financial industry. The introduction of PureStream services to Nasdaq European markets, marks a significant step towards achieving this goal, reinforcing Nasdaq’s position as a leader in technology solutions for the global economy.

    For more information about PureStream on Nasdaq Europe, please visit our website.

    * For the purposes of this release Nasdaq Europe refers to, either each individually or all together, markets operated by Nasdaq Copenhagen A/S, Nasdaq Helsinki Ltd and Nasdaq Stockholm AB

    About Nasdaq

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

    Media Contacts

    Nasdaq
    Helle Mayor
    Phone: +45 9132 4030
    Helle.mayor@nasdaq.com

    -NDAQG-

    The MIL Network –

  • MIL-OSI: Mavenir 5G Core Powers ice Norway Network Slicing for Norwegian Armed Forces

    Source: GlobeNewswire (MIL-OSI)

    • Commercial 5G Standalone
    • Enabling secure tailored end-to-end communications
    • Dedicated slices to meet specific needs of the Armed Forces
    • Extending strategic partnership with key customer

    OSLO, Norway, Oct. 08, 2024 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider building the future of networks, is delivering the full 5G core network for ice, Norway’s third largest mobile operator to enable a network slicing service.

    ice is utilising its new 5G standalone (SA) network to provide a dedicated network slice for the Norwegian Armed Forces, designed to deliver the specific service levels required by military communications. Essentially an isolated network-within-a-network, the Armed Forces will have exclusive use and control over their slice nationwide. It will be able to establish secure end-to-end communications across the network.

    Mavenir’s 5G mobile core is designed ready for network operators to enable network slicing for providing disruptive services to B2B, B2C or public organisations. Dedicated network slices can be designed to meet specified needs and applications, and quickly and easily deployed and managed, and used to deliver new and innovative services and applications. Mavenir’s cloud-native 5G SA network is fully containerised, runs on any cloud service and designed with a microservices approach, giving the flexibility to address evolving customer needs in a scalable way.

    “This deployment of network slicing is realising the true value of 5G,” said Tore Kristoffersen, VP Service delivery platforms for ice. “We now have myriad possible new business cases to present to our enterprise customers, which can be tailored to precise service level agreements, ensuring the best and most cost-effective use of resources. We are also testing solutions for use in Public Safety services, highlighting the value of 5G and its network slicing capabilities for secure critical communications.”

    “The flexibility of network slicing powered by 5G is a game-changer for mobile operators,” said Ashok Khuntia, President of Core Networks, Mavenir. “We are enabling 5G use cases in practice, proving that the long-promised monetisation of 5G is a reality. With security, reliability and low latency, 5G is a massive opportunity for the industry. We are delighted to be extending our strategic partnership with ice by supporting this first deployment in Norway.”

    Last year ice selected Mavenir’s Cloud-Native IMS and Messaging/VAS in a strategic project expansion, having already selected Mavenir’s Converged Packet Core solution to power its 4G and 5G network.

    Notes to editor:

    ice official Press Release – ice turns on “pure 5G”

    Mavenir’s 5G Core

    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: Municipality Finance issues a USD 1 billion green benchmark under its MTN programme

    Source: GlobeNewswire (MIL-OSI)

    Municipality Finance Plc
    Stock exchange release
    8 October 2024 at 10:00 am (EEST)

    Municipality Finance issues a USD 1 billion green benchmark under its MTN programme

    Municipality Finance Plc issues a USD 1 billion green benchmark on 9 October 2024. The maturity date of the benchmark is 9 October 2029. The benchmark bears interest at a fixed rate of 3.625% per annum.

    The benchmark is issued under MuniFin’s EUR 50 billion programme for the issuance of debt instruments. The offering circular, the supplemental offering circular and the final terms of the benchmark are available in English on the company’s website at https://www.kuntarahoitus.fi/en/for-investors.

    MuniFin has applied for the benchmark to be admitted to trading on the Helsinki Stock Exchange maintained by Nasdaq Helsinki and London Stock Exchange. The public trading is expected to commence on 9 October 2024.

    BofA Securities Europe SA, Nomura International Plc, RBC Capital Markets LLC, TD Global Finance unlimited company act as the Joint Lead Managers for the issue of the benchmark.

    MUNICIPALITY FINANCE PLC

    Further information:

    Joakim Holmström
    Executive Vice President, Capital Markets and Sustainability
    tel. +358 50 444 3638

    MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the Republic of Finland. The Group’s balance sheet totals over EUR 50 billion.

    MuniFin builds a better and more sustainable future with its customers. Our customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

    MuniFin’s customers are domestic but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.

    Read more: https://www.kuntarahoitus.fi/en/

    Important Information

    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into any such country or jurisdiction or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, any securities or other financial instruments in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

    This communication does not constitute an offer of securities for sale in the United States. The notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States and may not be offered or sold, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

    The MIL Network –

  • MIL-OSI: Himax Technologies, Inc. Schedules Third Quarter 2024 Financial Results Conference Call on Thursday, November 7 at 8:00 AM EST

    Source: GlobeNewswire (MIL-OSI)

    TAINAN, Taiwan, Oct. 08, 2024 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that it will hold a conference call with investors and analysts on Thursday, November 7 at 8:00 a.m. US Eastern Standard Time and 9:00 p.m. Taiwan Time to discuss the Company’s third quarter 2024 financial results.

    HIMAX TECHNOLOGIES THIRD QUARTER 2024 EARNINGS CONFERENCE CALL
    DATE: Thursday, November 7, 2024
    TIME: U.S. 8:00 a.m. EST  
      Taiwan 9:00 p.m.  
     
    Live Webcast (Video and Audio): http://www.zucast.com/webcast/naEJkyEo
    Toll Free Dial-in Number (Audio Only):
      Hong Kong 2112-1444
      Taiwan 0080-119-6666
      Australia 1-800-015-763
      Canada 1-877-252-8508
      China (1) 4008-423-888
      China (2) 4006-786-286
      Singapore 800-492-2072
      UK 0800-068-8186
      United States (1) 1-800-811-0860
      United States (2) 1-866-212-5567
    Dial-in Number (Audio Only):
      Taiwan Domestic Access 02-3396-1191
      International Access +886-2-3396-1191
         
    Participant PIN Code: 1407507 #
       

    If you choose to attend the call by dialing in via phone, please enter the Participant PIN Code 1407507 # after the call is connected. A replay of the webcast will be available beginning two hours after the call on http://www.himax.com.tw. This webcast can be accessed by clicking on this link or Himax’s website, where the webcast can be accessed through November 7, 2025.

    About Himax Technologies, Inc.

    Himax Technologies, Inc. (NASDAQ: HIMX) is a leading global fabless semiconductor solution provider dedicated to display imaging processing technologies. The Company’s display driver ICs and timing controllers have been adopted at scale across multiple industries worldwide including TVs, PC monitors, laptops, mobile phones, tablets, automotive, ePaper devices, industrial displays, among others. As the global market share leader in automotive display technology, the Company offers innovative and comprehensive automotive IC solutions, including traditional driver ICs, advanced in-cell Touch and Display Driver Integration (TDDI), local dimming timing controllers (Local Dimming Tcon), Large Touch and Display Driver Integration (LTDI) and OLED display technologies. Himax is also a pioneer in tinyML visual-AI and optical technology related fields. The Company’s industry-leading WiseEye™ Ultralow Power AI Sensing technology which incorporates Himax proprietary ultralow power AI processor, always-on CMOS image sensor, and CNN-based AI algorithm has been widely deployed in consumer electronics and AIoT related applications. Himax optics technologies, such as diffractive wafer level optics, LCoS microdisplays and 3D sensing solutions, are critical for facilitating emerging AR/VR/metaverse technologies. Additionally, Himax designs and provides touch controllers, OLED ICs, LED ICs, EPD ICs, power management ICs, and CMOS image sensors for diverse display application coverage. Founded in 2001 and headquartered in Tainan, Taiwan, Himax currently employs around 2,200 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan, Germany, and the US. Himax has 2,683 patents granted and 390 patents pending approval worldwide as of September 30, 2024.

    http://www.himax.com.tw

    Forward Looking Statements

    Factors that could cause actual events or results to differ materially from those described in this conference call include, but are not limited to, the effect of the Covid-19 pandemic on the Company’s business; general business and economic conditions and the state of the semiconductor industry; market acceptance and competitiveness of the driver and non-driver products developed by the Company; demand for end-use applications products; reliance on a small group of principal customers; the uncertainty of continued success in technological innovations; our ability to develop and protect our intellectual property; pricing pressures including declines in average selling prices; changes in customer order patterns; changes in estimated full-year effective tax rate; shortage in supply of key components; changes in environmental laws and regulations; changes in export license regulated by Export Administration Regulations (EAR); exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; our ability to collect accounts receivable and manage inventory and other risks described from time to time in the Company’s SEC filings, including those risks identified in the section entitled “Risk Factors” in its Form 20-F for the year ended December 31, 2023 filed with the SEC, as may be amended.

    Company Contacts:

    Eric Li, Chief IR/PR Officer
    Himax Technologies, Inc.
    Tel: +886-6-505-0880
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    http://www.himax.com.tw

    Karen Tiao, Investor Relations
    Himax Technologies, Inc.
    Tel: +886-2-2370-3999
    Fax: +886-2-2314-0877
    Email: hx_ir@himax.com.tw
    http://www.himax.com.tw

    Mark Schwalenberg, Director
    Investor Relations – US Representative
    MZ North America
    Tel: +1-312-261-6430
    Email: HIMX@mzgroup.us
    http://www.mzgroup.us

    The MIL Network –

  • MIL-OSI: Share buybacks in Spar Nord Bank – transactions in week 40

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 61
     

    In company announcement no. 10 2024, Spar Nord announced a share buyback programme of up to DKK 500 million. The share buyback was initiated on 12 February 2024.

    The purpose of the share buyback is to reduce the bank’s share capital by the shares acquired under the programme, and the programme is executed pursuant to Regulation (EU) No 596/2014 of 16 April 2014 (“Market Abuse Regulation”).

    In last week the following transactions were made under the share buyback programme.

      Number of shares Average purchase price (DKK) Transaction value (DKK)
    Accumulated from last announcement 2,477,097   310,753,175
    30 September 2024 16,400 127.65 2,093,460
    1 October 2024 16,400 126.22 2,070,008
    2 October 2024 16,500 125.32 2,067,780
    3 October 2024 17,000 124.83 2,122,110
    4 October 2024 17,000 125.62 2,135,540
    Total week 40 83,300   10,488,898
    Total accumulated 2,560,397    321,242,073

    Following the above transactions. Spar Nord holds a total of 2,667,970 treasury shares equal to 2.27 % of the Bank’s share capital.

    Please direct any questions regarding this release to Rune Brandt
    Børglum, Head of Investor Relations on tel. + 45 96 34 42 36.

    Rune Brandt Børglum
    Head of Investor Relation

    Attachment

    The MIL Network –

  • MIL-OSI: Avenir LNG and Eni sign agreement for the multi-year charter of the Avenir Aspiration

    Source: GlobeNewswire (MIL-OSI)

    London, 08 October 2024, Avenir LNG Limited (NOTC: AVENIR or the “Company”) announces it has signed a Time Charter Party (“TCP”) with LNG Shipping S.p.A., a 100% subsidiary of Eni S.p.A.(“Eni”) for one of the Company’s 7,500cbm LNG Bunker Vessels, the Avenir Aspiration. The multi-year time charter to Eni will commence from delivery in Europe in 2025.

    This agreement further establishes Avenir as the leading provider for modern LNG bunker vessels, both as an owner and operator. With this announcement, the Company continues to deliver on its chartering strategy which has successfully concluded four new term charter agreements over the past 12 months across its fleet of 5 vessels on the water and 2 under construction.

    This charter increases the Company’s third-party charter revenue backlog, including options, to over $285 million, securing additional long term sustainable cashflow for the Group and shareholders over the next decade.

    The Avenir Aspiration currently trades alongside the Avenir Ascension in the Northwest Europe performing small-scale supply services and ship-to-ship bunkering operations as part of Avenir’s physical LNG trading division, Avenir Supply and Trading.

    Mr. Jonathan Quinn, Managing Director of Avenir LNG, commented:

    “We are excited to be working with Eni to support their expansion into the LNG Bunkering market. This transaction further solidifies Avenir as the trusted partner for modern and efficient small-scale LNG vessels as well as delivering on our strategy to facilitate the growth of LNG as a marine fuel globally. We look forward to embarking on this long-term relationship with Eni whom we will serve with the highest safety and operational standards which Avenir has come to be known for.”

    About Avenir LNG Limited

    Avenir is a leading midstream LNG & BioLNG company focused on serving small scale demand for the maritime sector, industrial consumers, and power generation. Avenir owns and operates a fleet of 5 modern LNG bunker and supply vessels with 2 vessels under construction.

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

    The MIL Network –

  • MIL-OSI: Vice Admiral (Ret.) TJ White Joins Synergy ECP Board of Advisors

    Source: GlobeNewswire (MIL-OSI)

    COLUMBIA, Md., Oct. 08, 2024 (GLOBE NEWSWIRE) —  Synergy ECP, a leading provider of mission critical, highly technical solutions for the Defense and Intelligence Communities, is excited to announce the appointment of Vice Admiral (Ret.) TJ White to its Board of Advisors. Synergy ECP is a portfolio company of Falfurrias Management Partners.

    Vice Admiral TJ White brings decades of experience and leadership to Synergy ECP, having served with distinction in the United States Navy for 33 years. His extensive background in cyber operations includes command of U.S. Fleet Cyber Command/U.S. 10th Fleet and the Cyber National Mission Force. Additionally, Vice Admiral White filled key leadership roles within the cyber and intelligence communities as Deputy Director, Tailored Access Operations, NSA and Director for Intelligence, J2, U.S. IndoPacific Command, among many other relevant experiences.

    “We are thrilled to welcome Vice Admiral White to our Board of Advisors,” said Bruce Howard, CEO of Synergy ECP. “His expertise aligns perfectly with our mission to deliver impactful solutions in capability areas such as cyber operations, critical infrastructure security, and signals intelligence. We look forward to his contributions, insight, and deep understanding of what our national security customers need given his experience leading numerous joint military formations and combined Intelligence Community organizations.”

    “I am honored to join the Board of Advisors at Synergy ECP,” said Vice Admiral White. “As cyber threats continue to evolve in complexity and scale, it is imperative to have businesses like Synergy ECP committed to solving the toughest technical challenges within the cybersecurity domain. Synergy ECP’s highly skilled workforce and deep intimacy across the cyber landscape made joining the Advisory Board a clear choice to continue to support the nation’s cybersecurity and intelligence efforts.”

    About Synergy ECP
    Founded in 2007 and headquartered in Columbia, Maryland, Synergy ECP is a leading provider of cybersecurity, software and systems engineering and IT services to the U.S. intelligence and defense communities. The company leverages its expertise in data transport solutions, software and systems engineering, and other solutions to deliver critical and innovative capabilities to high-level decision makers that enhance our nation’s security. For more information, visit http://www.synergyecp.com.

    The MIL Network –

  • MIL-OSI: Terecircuits Unveils New Bonding Material for Next-Generation Advanced Packaging

    Source: GlobeNewswire (MIL-OSI)

    MOUNTAIN VIEW, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) — Terecircuits Corporation, a venture-backed startup in advanced materials for the semiconductor industry, today introduced Terefilm®, a patented material designed for temporary bonding and debonding applications in advanced packaging.

    According to Boston Consulting Group1, “The next generation of industry-leading organizations will be those that realize value creation is migrating towards companies that can design and integrate complex, system-level chip solutions using concepts like advanced packaging.” As components become smaller and more complex, the need for advanced temporary bonding materials, like Terefilm®, becomes paramount to enable emerging applications, including thin wafer handling and the transfer of fragile components.

    Terefilm® meets these requirements, offering unparalleled advantages including rapid release, precise patterning, and clean decomposition without solvents. The material can be used in processing up to 230ºC, giving customers a wide process window for bond-debond with clean decomposition.

    “Our focus with Terefilm® is squarely on innovating a novel material that will enable faster and more accurate semiconductor advanced packaging and related manufacturing processes,” said Wayne Rickard, CEO of Terecircuits. “Its benefits for bonding and debonding in semiconductor advanced packaging are compelling, offering ultra-clean, ultra-fast and residue-free release that eliminates traditional cleaning requirements and accelerates production. At the same time, its ability to enable selective material removal at nanoscale positions it for use in such diverse applications as enabling the parallel transfer of micro-LEDs and a photoresist for direct-write lithography. This flexibility makes Terefilm® a valuable solution for the challenges faced in advanced packaging today as well as emerging ones across a wide range of electronics manufacturing requirements.”

    The properties of Terefilm® make it highly effective for several critical applications:

    • Clean Decomposition: Unlike conventional materials, Terefilm® undergoes a remarkably clean decomposition process when activated, leaving no residue. This ensures ultra-clean surfaces, which are essential for successful hybrid bonding and other high-precision applications.
    • Rapid Release: Traditional heat and UV-sensitive films can take several minutes to release. Terefilm®, however, releases in microseconds. This near-instantaneous decomposition significantly enhances manufacturing efficiency.
    • Precise Patterning: Similar to lithographic photoresists, the material can be patterned to enable selection of specific regions. This allows for the targeted release of individual chips or subsets of chips, replacing the traditional pick-and-place process. This capability enables the parallel transfer of multiple components, dramatically increasing production speed and precision.

    To learn more about Terefilm® and its wide range of applications, please visit https://terecircuits.com/products/. To get more product information, contact Michele Fromel at mfromel@terecircuits.com.

    About Terecircuits Corporation
    Terecircuits Corporation is a venture-backed startup offering a truly groundbreaking core technology that will enable products requiring micron-scale circuit fabrication and assembly to be built faster and with greater accuracy than is achievable with today’s best practices. “Instrumenting the world” as envisioned by Industry 4.0 and IoT will require fundamental changes to advanced manufacturing to handle the sheer scale of production at reasonable costs, and Terecircuits meets these challenges with new and inventive materials and processes. Terecircuits democratizes advanced electronics manufacturing for displays, wearables, smart vehicles, virtual reality and medical devices through processes requiring less energy and capital equipment. For more information, visit http://www.terecircuits.com.

    MEDIA CONTACT:
    Kiterocket
    Stephanie Quinn, +1 480 316 8370, squinn@kiterocket.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4516ec23-fa55-432a-9574-e2e9bb4698ee

    1 https://www.bcg.com/publications/2024/advanced-packaging-is-reshaping-the-chip-industry

    The MIL Network –

  • MIL-OSI: NowCM and White & Case established for Haniel the world’s first fully digital, end-to-end automated commercial paper programme

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg/Frankfurt/Duisburg, 8 October 2024 –

    NowCM, global technology leader in digital and automated bond issuance, and leading international law firm White & Case have teamed up to provide breakthrough technology and legal advice to the dated and manual commercial paper (CP) market by creating the NextGenCP for corporates and other CP issuers. Family-owned investment holding Franz Haniel & Cie. GmbH (Haniel) has led the way together with NowCM and White & Case in implementing this programme.

    As a long-term, purpose-driven investor, Haniel aims to create value for generations. Led by Dr. Axel Gros, treasurer of Haniel, and Birgit Sommer, head of CP at Haniel, creating the NextGenCP reinforces Haniel’s commitment to digital transformation, marking a significant step in modernizing the CP market.

    The new set-up includes several wide-reaching innovations in technology and law:

    • Fast set-up: NowCM has automated the setup of the NextGenCP based on White & Case’s state-of-the-art legal work. This innovation significantly reduces costs and allows for the establishment of NextGenCP in a matter of days, rather than the traditional months-long process.
    • High-volume facility: NextGenCP offers issuers the ability to conduct transactions with no volume limitations, for example Haniel aiming to reach three transactions per week. This supports high-frequency issuance, even several issuances in parallel, providing a streamlined and efficient process for managing large-scale CP programmes.
    • Arranger-less set-up: The NextGenCP setup requires no arranger bank, addressing a problem in market structure where banks are often reluctant to engage in lengthy, burdensome processes with low or no fees. Instead, NowCM Luxembourg, as a regulated entity, acts as the arranger with support from White & Case, enabling deployment without the need for an arranger bank. This allows issuers and banks to focus on their core businesses while simplifying the process.
    • Multi-dealer capability: Even though no arranger bank is needed, the NextGenCP operates in a traditional intermediated manner with dealer banks. It allows dealer banks to participate either in specific transactions or at the programme level, providing flexibility while maintaining the benefits of traditional market structures.
    • Fully automated: The NextGenCP is fully automated in its operation, allowing dealer banks to simply email their trade confirmation to NowCM. All subsequent steps, including life cycle events such as settlement and repayment, are executed without human intervention, streamlining the entire process for maximum efficiency.
    • Touchless: In the issuance process, there is no need for drafting or sending any documents. Everything is handled seamlessly through NowCM’s cloud-based platform. If the issuer wants, an additional approval step before the issuance can be implemented, adding flexibility without complicating the process.
    • Entirely digital: The CP, like all securities on NowCM’s platform, is represented by a full digital twin in a machine-readable and structured format. This digital twin contains all relevant information about the CP, its lifecycle, and other metadata, which were previously only available in unstructured formats such as PDFs and Word documents.
    • Golden source: NowCM’s structured data and document repository serves as the golden source for all data related to the CP, enabling seamless integration with other stakeholders and IT infrastructure. This ensures error-free data transmission and supports digital issuance, including under the German Electronic Securities Act, further enhancing efficiency and compliance in the issuance process.
    • AI-enabled: The process developed by NowCM incorporates the latest in AI technology, enabling fully automated, real-time handling of data.
    • STEP compliant and ECB eligible: Like traditional CP, NextGenCP is STEP compliant and, consequently, ECB eligible making it suitable for collateral. By using NextGenCP issuers not only future proof their CP issuance but also ensure that all data required under the new ECB “Single Collateral Management Rulebook for Europe” (SCoRE) is readily available in machine-readable form.
    • CP primary marketplace: NowCM operates the world’s first and only fully regulated primary marketplace. The Paris-based multilateral trading facility (MTF), comparable to a German exchange Freiverkehr or the EuroMTF in Luxembourg, offers the possibility to digitalise the only remaining manual step in the value chain. Instead of negotiating trades via phone or chat, issuers and dealers can directly negotiate and transact on the NowCM MTF simplifying the issuance of CP to the push of a button.
    • Optional – use of regulated issuance vehicle: For issuers looking to avoid all the hassle of managing the entire value chain of CP issuance, NowCM offers the use of its fully regulated issuance vehicle in Luxembourg, where NowCM takes over the entire issuance process.

    Haniel is the first issuer making use of NextGenCP and has already transacted several tens of millions in various transactions since the recent go-live using NowCM’s issuance vehicleunder the name “Haniel enkelfaehig”.

    Dr. Axel Gros, treasurer of Haniel, states: “We are very pleased with the implementation of this state-of-the-art CP programme. Leveraging NowCM’s advanced technology and White & Case outstanding legal expertise, NextGenCP offers a process flow beyond straight-through process (STP), ensuring seamless execution from issuance to settlement to repayment, thereby helping us to efficiently manage our liquidity needs”.

    Karsten Woeckener, Head of Germany of White & Case and its DCM practice group leader, adds: “As a global law-firm that is supporting the latest technology we were delighted to support this project and to help unlock the German CP market. We certainly hope that the combination of our legal expertise, Haniel invaluable insights and NowCM’s technology to create NextGenCP will attract many followers and usher a new age of funding in the money markets”.

    NowCM’s founder and CEO, Robert Koller, says: “We are delighted to have brought NextGenCP to life with our exceptional partners at White & Case and the incredible support and innovation leadership of Haniel and, not to forget, the many dealer banks involved. The simplicity of using NextGenCP is based on more than a decade of research and development, a data model of thousands of variables and business rules, a highly secure cloud platform and above all the interaction with our clients who contributed countless hours and ideas. We will see further announcements soon on bringing the funding business into the 21st century.”

    Thanks to the successful collaboration between Haniel, White & Case, and NowCM, the implementation of NextGenCP sets a new benchmark for digital innovation in the industry. As the first of its kind, the touchless NextGenCP is poised to revolutionize the issuance and management of commercial paper and money markets, paving the way for more advanced and efficient funding processes and liquidity management. NextGenCP is also available for CP issuers with an existing programme that want to convert their issuance into a fully digital experience.

    About Franz Haniel & Cie. GmbH

    Franz Haniel & Cie. GmbH is 100 percent family-owned and has been based in Duisburg since the company was founded in 1756. It manages a portfolio of independent companies with the goal to create value for generations as a leading purpose-driven investor.

    To this end, we align our portfolio strictly “enkelfähig,” that means: along clear performance and sustainability criteria. Currently, the Haniel portfolio comprises ten investments: BauWatch, BekaertDeslee, CWS Cleanrooms, CWS Fire Safety, CWS Hygiene, CWS Workwear, Emma – The Sleep Company, KMK kinderzimmer, ROVEMA and TAKKT. In addition, Haniel manages a financial stake in CECONOMY and minority stakes in high-growth start-ups.

    In 2023, the Haniel Group employed nearly 22,000 people and generated sales of EUR 4.4 billion.

    About White & Case

    White & Case is one of the leading international law firms and is present in the world’s key economic centres at 44 locations in 30 countries. In Germany, around 250 lawyers, tax advisors and notaries work in Berlin, Düsseldorf, Frankfurt am Main and Hamburg (http://www.whitecase.com).

    About NowCM

    NowCM is the leading market infrastructure and issuance provider within the primary debt capital markets. It offers an unparalleled, highly secure, cloud-native data platform for creating, negotiating, and managing debt, along with an end-to-end digital workflow platform. These tools enable all participants in the primary bond and CP markets to collaborate in real-time, fostering an open and cooperative environment. NowCM facilitate access to primary markets for inaugural and infrequent issuers through its Treasury-as-a-Service (TaaS) facility. This entity is regulated by the CSSF in Luxembourg and operates as a “funding subsidiary” using standardised yet flexible documentation and fully automated digital workflows. NowCM’s 360-degree suite of services is completed by a multi-lateral trading facility (MTF) that NowCM owns and operates. It stands as the world’s first and only regulated primary marketplace, subject to the supervision of the ACPR and AMF in France.

    Connect with:

    Franz Haniel & Cie. GmbH:
    Website: http://www.haniel.de   
    LinkedIn: http://www.linkedin.com/company/franz-haniel-&-cie–gmbh     

    White & Case:
    Website: http://www.whitecase.com  
    LinkedIn: http://www.linkedin.com/company/white-&-case  

    Media Contact:
    Nils Repke
    Senior Manager, Communications – Germany
    Phone: +49 69 29994-1310
    Email: nils.repke@whitecase.com
                                       
    NowCM:
    Website: http://www.nowcm.eu
    LinkedIn: http://www.linkedin.com/company/nowcm    
    X (former Twitter): http://www.twitter.com/NowCM_EU    

    Media Contact:
    Kristina Kuzmina,
    Chief Communications and Marketing Officer
    Phone: +351 93247 8202 (PT)
    or +44 7490 373030 (UK)
    Email: kk@nowcm.eu    

    The MIL Network –

  • MIL-OSI: ATFX Announces Strategic Investment in Spark Systems to Enhance Institutional Offerings

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Oct. 08, 2024 (GLOBE NEWSWIRE) — ATFX is pleased to announce its investment in Spark Systems, a next generation, institutional-grade eFX trading platform based in Singapore serving clients in Asia and globally. ATFX is entering into this partnership with Spark Systems through a Series C investment, with some of Spark Systems’ investors including global banks such as Citibank and HSBC. This partnership is aimed at enhancing ATFX’s institutional services and will explore synergies between both organizations.

    The investment in Spark Systems creates opportunities to leverage ATFX Connect liquidity within the platform, this builds on ATFX group’s commitment to enhance its trading infrastructure. These initiatives have positioned ATFX as a relevant player in the industry, providing clients with cutting-edge trading solutions and improved market access.

    “Investing in Spark Systems aligns with our strategic vision to enhance our institutional offerings and drive innovation in the eFX space,” said Joe Li, Group Chairman at ATFX. “We believe that this will benefit both organisations and provide our clients with improved trading solutions, especially in the Asian region.” Joo Seng Wong, Founder & CEO of Spark Systems stated, “This collaboration with ATFX represents a significant step forward in our mission to deliver exceptional trading solutions. Together, we will empower ATFX clients with enhanced access to liquidity and offer advanced trading capabilities.”

    ATFX is looking forward to exploring this partnership further and is committed to building a mutually beneficial relationship with Spark Systems to enhance its market presence in Asia and beyond.

    About ATFX

    ATFX is a leading global fintech broker with a local presence in 23 locations and licenses from regulatory authorities including the UK’s FCA, Australian ASIC, Cypriot CySEC, UAE’s SCA, Hong Kong SFC and South African FSCA. With a commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides valued trading experiences to clients worldwide.

    For further information on ATFX, readers can please visit ATFX website https://www.atfx.com.

    About ATFX Connect

    ATFX Connect is a trading name of AT Global Markets (UK) Limited (authorised and regulated by the FCA), AT Global Markets (Australia) Pty Limited (authorised and regulated by ASIC), and AT Global Financial Services (HK) Limited (authorised and regulated by the SFC). Connect is the Institutional arm of the wider ATFX Group.

    ATFX Connect offers Institutional and Professional traders an extensive range of services for both Agency PB and Margin accounts, provides bespoke aggregated liquidity in Spot FX, NDFs, indices, Commodities and Precious Metals to a wide range of institutional clients from hedge funds, Tier 1 global and regional banks, high net worth investors, asset managers, family offices and other brokers. 

    ATFX Connect’s liquidity pool is constructed from Tier 1 banks and non-bank providers that it has partnered with, trading in both sweepable and full amount forms. 

    Agency PB Clients can connect via direct FIX API, external technology solutions or via the trading platform. For margin clients, ATFX Connect provides market access via the group’s MT4/MT5 platform and provides a bridge solution for those who wish to connect via FIX API. 

    For further information on ATFX, readers can please visit ATFX website https://www.atfxconnect.com.

    About Spark Systems

    Founded in 2016, Spark Systems builds next generation high speed trading platforms. Spark Systems has developed robust eFX trading platforms and the company is uniquely designed to support both buy-side and sell-side clients. The firm has to date received investments from leading global and regional institutions including Citibank, HSBC, Philips Venture, Vickers Venture, Integra Ventures, FengHe, Jubilee CM, Farquhar Venture Capital, 5X Capital, OSK etc. Spark Systems is a grant recipient of Monetary Authority of Singapore FSTI grant. Spark Systems focus is on building state of the art trading technology and infrastructure. The company is connected with all global top 20 FX liquidity providers and eFX non-bank hedge funds as well as major primary markets/ECNs. This aims to position the company for sustainability and growth in the FX market. For further information on Spark Systems, readers can please visit the company’s website http://www.sparksystems.sg

    Contact

    ATFX
    cs.gm@atfx.com

    The MIL Network –

  • MIL-OSI: Beam Global EV ARC™ Systems Continue to Provide Essential Power during Hurricane Helene

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Oct. 08, 2024 (GLOBE NEWSWIRE) — Beam Global (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced its EV ARC™ systems in the south eastern United States continued to operate during Hurricane Helene. For example, EV ARC™ systems at the Bay Pines Florida Veterans Affairs Health Care in Big Bend, an area located in the direct path of Hurricane Helene, remained operational, sending data and continuing to provide a vital source of emergency power throughout the storm even while submerged in eight feet of storm surge.

    Hurricane Helene made a historic landfall in Big Bend, Florida as one of the most powerful storms to hit the state. The Category 4 hurricane brought up to eight-foot storm surges and 140 mph winds, leaving nearly one million Florida residents without power.

    Designed to endure extreme weather conditions, Beam Global EV ARC™ charging infrastructure is independently rated to withstand winds of up to 165 mph and can operate effectively in up to 9.5 feet of flooding. These systems come equipped with an optional Emergency Power Panel, which offers 120v and 240v outlets for use by first responders and authorized personnel when utility power is not available. EV ARC™ systems are designated by the federal General Services Administration (GSA) as disaster preparedness response and recovery products due to energy security and resiliency capabilities during grid outages and natural or man-made disasters.

    “Hurricane Helene tested our EV ARC product like never before, and it did not disappoint,” said Beam Global CEO Desmond Wheatley. “Even when the systems were buffeted by hurricane winds and submerged in eight feet of water with waves crashing over them, these vital infrastructure products continued to operate. Our customers were able to log in remotely and verify that the systems remained online throughout the storm, providing essential power. Beam Global’s products are becoming more and more relevant as global electricity demand increases and the job of providing it the traditional way becomes more challenging because of natural disasters and capacity constraints.”

    Beam Global EV ARC™ products have faced extreme storm conditions before. During last year’s Hurricane Idalia, EV ARC™ systems in Florida, Georgia and the Carolinas continued to provide vital EV charging and emergency power in areas suffering from prolonged grid outages. Beam Global’s government and commercial customers were able to continue to charge their EVs and access the emergency power panels to provide services to the broader community. It can often take days or weeks for utility power to be restored to affected areas. Beam Global’s products provide vital electrical energy during those periods whether they were there and survived the disaster or are delivered and rapidly deployed as a recovery asset post-event.

    The frequency and severity of climate disasters in the U.S. continues to significantly increase, with the National Oceanic and Atmospheric Administration (NOAA) reporting a rise in billion-dollar weather and climate disasters from an average of 5.8 events per year in the 1980s to over 22 events annually in recent years. This trend underscores the urgent need for resilient, off-grid infrastructure solutions like EV ARC™ systems that can withstand extreme conditions and support communities during crises.

    To learn more about Beam Global products visit BeamForAll.com.

    About Beam Global
    Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage and vital energy security. With operations in the U.S. and Europe, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, save time and money and protect the environment. Headquartered in San Diego with facilities in Chicago, Belgrade and Kraljevo, Beam Global has a deep patent portfolio and is listed on Nasdaq under the symbol BEEM. For more information visit BeamForAll.com, LinkedIn, YouTube and X (formerly Twitter).

    Forward-Looking Statements
    This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global’s actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.

    Investor Relations:
    Core IR
    +1 516-222-2560
    IR@BeamForAll.com

    Media Contact:
    Skyya PR
    +1 651-335-0585
    Press@BeamForAll.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/93e37add-1e8d-406e-b310-aef9878be529

    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

  • MIL-OSI: Bybit and Nordic Blockchain Association Collaborate to Drive Innovation in the Nordic Blockchain Ecosystem

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Oct. 08, 2024 (GLOBE NEWSWIRE) — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced a strategic partnership with the Nordic Blockchain Association (NBA), the driving force behind the largest blockchain and Web3 conference in the Nordics. This collaboration aims to strengthen ties within the regional ecosystem while fostering international partnerships that will drive innovation and growth across the industry.

    The partnership comes at a pivotal time as the NBA continues its efforts to build a cohesive and vibrant blockchain community in the region. The association’s work, led by dedicated steering committees, has been instrumental in providing guidance and strategic direction to the local blockchain landscape. These committees have focused on addressing the challenges facing blockchain adoption, promoting education, and offering support to startups and established businesses alike.

    A key aspect of this partnership will be the upcoming Nordic Blockchain Conference 2025 (NBC25), which will take place next summer. As the largest blockchain and Web3 event in the Nordics, NBC25 promises to bring together thought leaders, innovators, and visionaries from around the world. The event will provide a platform to explore the latest trends, discuss regulatory frameworks, and highlight groundbreaking solutions that are reshaping the future of blockchain technology.

    “We’re excited to partner with the Nordic Blockchain Association. This collaboration aligns with our commitment to supporting the growth of blockchain ecosystems worldwide. We look forward to contributing to the region’s innovation and development,” added Helen Liu, Chief Operating Officer at Bybit.

    “We are excited that such a large and important international company as Bybit has joined the Nordic Blockchain Association as a member. This once again shows that the Nordic region has an important role to play in the global blockchain ecosystem. We look forward to creating value, raising awareness, and promoting education with our new community partner, Bybit,” said Jakob Mikkel Hansen, CEO & Board Member of Nordic Blockchain Association.

    With this partnership, Bybit is set to play a pivotal role in advancing the Nordic blockchain ecosystem, fostering collaboration between local and international partners, and supporting the NBA’s ongoing efforts to address the evolving needs of the industry.

    Bybit and the NBA are committed to working hand-in-hand to elevate the region’s role as a key player in the global blockchain and Web3 landscape.

    About Bybit

    Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

    For more details about Bybit, users can visit Bybit Press. 

    For media inquiries, users can contact: media@bybit.com

    For more information, users can visit: https://www.bybit.com

    For updates, users can follow: Bybit’s Communities and Social Media

    Contact

    Head of PR
    Tony Au
    Bybit
    tony.au@bybit.com

    The MIL Network –

  • MIL-OSI: The Eclipse Foundation Launches ThreadX Alliance to Champion the Growth and Sustainability of the World’s First and Only Safety-Certified Open Source RTOS

    Source: GlobeNewswire (MIL-OSI)

    BRUSSELS, Oct. 08, 2024 (GLOBE NEWSWIRE) — The Eclipse Foundation, one of the world’s largest open source software foundations, has announced the launch of the ThreadX Alliance, a new initiative dedicated to ensuring the continued growth and sustainability of the Eclipse ThreadX real-time operating system (RTOS) and its dynamic ecosystem. ThreadX, the world’s first and only safety-certified open source RTOS, powers billions of devices across a broad range of industries, including automotive, medical, aerospace, home appliances, and industrial controls.

    With ThreadX already a proven solution trusted by companies worldwide, the ThreadX Alliance ensures the ongoing sustainability of its robust code base, platform enhancements, and crucial safety certification efforts. By joining the alliance, organisations can access exclusive resources while contributing to the evolution of the next generation of embedded systems.

    “ThreadX is the only open source safety-certified RTOS on the market today, powering over 12 billion devices and trusted in a vast array of embedded applications,” said Mike Milinkovich, executive director of the Eclipse Foundation. “The ThreadX Alliance is an important step in ensuring the platform’s future, allowing companies to actively support its sustainability while gaining valuable tools and resources to streamline their development efforts, reduce costs, and bring products to market.”

    Key benefits of joining the ThreadX Alliance include:

    • Exclusive Early Access to the ThreadX Marketplace: Be first in line to access the future ThreadX marketplace, including pre-sales and pre-development support from leading service providers.
    • Access to Safety Manuals: Unlock read-only, non-commercial access to essential safety manuals, offering critical insights to enhance your development processes.
    • Licensing Opportunities for Safety Certifications: Gain access to licensing agreements for ThreadX safety artefacts (additional fees apply), accelerating your products’ functional safety certifications.
    • Exclusive Marketing and Branding Opportunities: Proudly display the ThreadX Alliance participant logo to showcase your commitment to the growth and sustainability of the industry’s only safety-certified open source RTOS.

    The launch of the ThreadX Alliance represents a significant leap forward in supporting the open source embedded systems ecosystem, especially in industries where safety and reliability are critical. Companies looking to take part in this influential community are invited to visit threadxalliance.org to learn more about how to contribute to and benefit from the program.

    About Eclipse ThreadX
    Eclipse ThreadX (formerly Azure RTOS) is the world’s first and only safety-certified open source real-time operating system (RTOS), and has been trusted by industries for over two decades. Deployed in over 12 billion devices since its launch in 1997, ThreadX offers an MIT-licensed, robust, modular platform that includes advanced subcomponents for graphical interfaces (GUIX), networking (NetX Duo), file storage (FileX), and USB connectivity (USBX). To learn more about how ThreadX powers next-generation embedded systems, visit threadx.io.

    About the Eclipse Foundation
    The Eclipse Foundation provides our global community of individuals and organisations with a business-friendly environment for open source software collaboration and innovation. We host the Eclipse IDE, Adoptium, Software Defined Vehicle, Jakarta EE, and over 420 open source projects, including runtimes, tools, specifications, and frameworks for cloud and edge applications, IoT, AI, automotive, systems engineering, open processor designs, and many others. Headquartered in Brussels, Belgium, the Eclipse Foundation is an international non-profit association supported by over 385 members. Visit us at this year’s Open Community Experience (OCX) conference on 22-24 October 2024 in Mainz, Germany. To learn more, follow us on social media @EclipseFdn, LinkedIn, or visit eclipse.org.

    Third-party trademarks mentioned are the property of their respective owners.

    Media contacts:
    Schwartz Public Relations (Germany)
    Gloria Huppert/Marita Bäumer
    Sendlinger Straße 42A
    80331 Munich
    EclipseFoundation@schwartzpr.de
    +49 (89) 211 871 -70/ -62

    514 Media Ltd (France, Italy, Spain)
    Benoit Simoneau
    benoit@514-media.com
    M: +44 (0) 7891 920 370

    Nichols Communications (Global Press Contact)
    Jay Nichols
    jay@nicholscomm.com
    +1 408-772-1551

    The MIL Network –

  • MIL-OSI: Gilat Satellite Networks Awarded approximately $4 Million Contract to Provide Connectivity for rural areas in Latin America

    Source: GlobeNewswire (MIL-OSI)

    PETAH TIKVA, Israel, Oct. 08, 2024 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that it has secured approximately $4 Million contract to provide rural connectivity including banking transactions in Latin America for a period of 3 years.

    Gilat provides critical connectivity for people living in remote areas who rely on the bank for payment services, as well as support services for senior citizens, families, and other underserved populations.

    Gilat provides satellite communications solutions to distant branches, as well as satellite backup links, to ensure connectivity and business continuity. This is critical for the bank’s operation for core banking, e-mail, security, ATMs and Point of Sale.

    “We are very pleased to support essential banking services in the rural areas of Latin America,” stated Ron Levin, Gilat’s Chief Commercial Officer. “Over the years, we have built a robust satellite network, continuously enhancing it with the latest technological advancements. This ensures that we consistently meet the high-quality standards required for business continuity, even in remote areas and in the face of potential disasters.”

    About Gilat

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

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

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

    Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to the current terrorist attacks by Hamas, and the war and hostilities between Israel and Hamas, and Israel and Hezbollah and Iran; and other factors discussed under the heading “Risk Factors” in Gilat’s most recent annual report on Form 20-F filed with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are made only as of the date hereof, and Gilat undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:

    Gilat Satellite Networks
    Hagay Katz, Chief Products and Marketing Officer
    Hagayk@gilat.com

    EK Global IR
    Ehud Helft, Managing Partner
    ehud@ekgir.com

    The MIL Network –

  • MIL-OSI: Growing nuclear industry and recent acquisition continue to strengthen Calian nuclear results

    Source: GlobeNewswire (MIL-OSI)

    OTTAWA, Ontario, Oct. 08, 2024 (GLOBE NEWSWIRE) — Calian Group Ltd. (TSX: CGY) has announced it secured a number of new contracts in the fourth quarter for its nuclear and environmental services division, marking significant growth in the last quarter of FY2024 ending on September 30. The new contracts—19 in total—represent a 58% increase over Q3 FY2024, primarily driven by the successful integration of MDA’s nuclear assets and strong organic growth.

    The acquisition of MDA’s nuclear division in March 2024 has allowed Calian to capitalize on increased synergies across its nuclear business, through the addition of engineering, tooling and robotics expertise, enhancing its capacity to deliver comprehensive, end-to-end solutions for Canada’s growing nuclear sector. The new contracts span major new nuclear projects in Ontario, Saskatchewan and New Brunswick, supporting life-extension programs for Canada’s existing nuclear facilities and support for next-generation technologies like small modular reactors (SMRs). This expansion has also led to a doubling of the division’s workforce to meet the growing demand for FY2025.

    “The integration of MDA’s nuclear assets has been pivotal in expanding our capabilities and market reach within the nuclear sector,” said Patrick Houston, Chief Financial Officer and Chief Development Officer, Calian. “This strategic acquisition has enabled us to deliver more robust and comprehensive solutions for our clients, further strengthening Calian’s position as a leader in nuclear services. Our Q4 contract signings highlight the increasing trust that our clients place in us to provide cutting-edge, safe and reliable solutions in an industry critical to achieving global sustainability goals.”

    The global nuclear energy market continues to grow, driven by the demand for clean, sustainable energy to address climate change. In Canada, the federal government’s 2024 budget reinforced its commitment to nuclear energy as a key tool in reaching net-zero emissions by 2050. Calian’s nuclear and environmental services division is committed to supporting this national effort, particularly in delivering advanced solutions for reactor refurbishments and SMR developments.

    “Calian is well-positioned to meet the evolving needs of Canada’s nuclear sector,” said Hani Al Anid, Vice President, Calian Nuclear. “With our expertise and highly skilled team, we can continue to meet the vital demands of our current and future customers and support the needs of both existing and next-generation nuclear projects in Canada and around the world.”

    Calian’s nuclear and environmental services division provides a comprehensive range of services covering the entire nuclear lifecycle. This includes safety analysis, licensing, emergency preparedness, environmental protection, decommissioning, waste management, and cutting-edge systems engineering and robotics. As an approved supplier for all CANDU nuclear utilities in Canada, Calian’s nuclear and environmental services division has a proven track record of ensuring the safety and sustainability of Canada’s nuclear infrastructure for over 25 years.

    To learn more, visit the Calian nuclear and environmental services web page on calian.com.

    About Calian
    http://www.calian.com
    We keep the world moving forward. Calian® helps people communicate, innovate, learn and lead safe and healthy lives. Every day, our employees live our values of customer commitment, integrity, innovation, respect and teamwork to engineer reliable solutions that solve complex challenges. That’s Confidence. Engineered. A stable and growing 40-year company, we are headquartered in Ottawa with offices and projects spanning North American, European and international markets. Visit calian.com to learn about innovative healthcare, communications, learning and cybersecurity solutions.

    Product or service names mentioned herein may be the trademarks of their respective owners.

    Media inquiries:
    media@calian.com
    613-599-8600 x 2298

    Investor Relations inquiries:
    ir@calian.com


    DISCLAIMER
    Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as “intend”, “anticipate”, “believe”, “estimate”, “expect” or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company’s most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.

    Calian · Head Office · 770 Palladium Drive · Ottawa · Ontario · Canada · K2V 1C8
    Tel: 613.599.8600 · Fax: 613-592-3664 · General info email: info@calian.com

    The MIL Network –

  • MIL-OSI: Lindsay Grider Joins Braemont Capital as Partner and Head of Capital Partnerships

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Oct. 08, 2024 (GLOBE NEWSWIRE) — Braemont Capital (“Braemont” or the “Firm”), a relationship-driven investment firm that partners with exceptional companies at growth inflection points, today announced that Lindsay Grider has joined the Firm as Partner and Head of Capital Partnerships. Ms. Grider will lead Braemont’s capital formation, fundraising, and investor engagement initiatives, as well as continued strategy development.

    Ms. Grider comes to Braemont with nearly two decades of experience building fundraising and investor relations programs as well as developing fund formation and strategy initiatives. She previously served as Global Head of Fundraising and Investor Relations at Levine Leichtman Capital Partners (“LLCP”) where she led investor engagement, capital raising and strategic marketing efforts. Prior to joining LLCP, Ms. Grider was Head of Investor Relations for Tailwater Capital and Director of Investor Relations at NGP Energy Capital Management.

    Robert Covington, Founder and Managing Partner, said, “Lindsay is one of the most respected investor relations professionals in our industry and will bring a wealth of experience, insight and innovation to both our capital raising and the strategic leadership of our firm. Lindsay brings a long track record of serving as a trusted partner to investors all over the world and her addition furthers Braemont’s commitment to serving as the preferred partner for families and founders and for our investors for years to come. We are delighted to welcome her to the Firm.”

    Ms. Grider commented, “I am thrilled to join Robert and the Braemont team at such an exciting time. Braemont is known for its distinct investing approach and commitment to its partners, and I continue to be impressed with what the team has been able to achieve in such a short period. I look forward to working closely with the Firm’s network to execute fundraising and co-investment strategies to support our investments and drive excellent outcomes for all our partners.”

    Ms. Grider previously worked as Director at Sterling Stamos and began her career at Citigroup and Wachovia Securities in their investment banking divisions. She serves as a Senior Advisor to 3P Energy Capital and has served on the boards of several industry and charitable organizations at a local and national level. She holds a B.A. in International Commerce from Vanderbilt University.

    About Braemont Capital
    Braemont Capital is a relationship-driven investment firm focused on partnering with founders, families and ownership-minded management teams to invest in exceptional companies at growth inflection points. Our firm is differentiated by the combination of an experienced team, extensive industry partner network and a flexible, long-term capital base. We are growth-oriented and seek to generate superior outcomes through entrepreneurial business-building initiatives. Our capital base enables us to be flexible in structuring and holding investments to execute these initiatives and create enduring value. For more information, please visit: http://www.Braemont.com or http://www.linkedin.com/company/braemont-capital.

    The information contained herein has been prepared solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any securities or to participate in any investment strategy and may not be used or relied upon in connection with any offer or sale of securities. Past performance is not indicative of future results. Braemont Capital Management, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission.

    For Braemont media inquiries, please contact:
    Gagnier Communications
    Dan Gagnier
    Braemont@gagnierfc.com

    The MIL Network –

  • MIL-OSI: Red Cat Secures $1.6 Million In Contracts for its FlightWave Edge 130 Blue

    Source: GlobeNewswire (MIL-OSI)

    SAN JUAN, Puerto Rico, Oct. 08, 2024 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced it secured $1.6 million in contracts for Edge 130 Blue drones, FlightWave’s Blue UAS approved military-grade tricopter to the U.S. Customs & Border Protection (CBP). The contract was secured through Darley, a leading distributor of equipment and technology to first responders and the military, and was coordinated for procurement by the U.S. Defense Logistics Agency (DLA) on behalf of CBP.

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

    “We are excited to continue our relationship with the U.S. Customs & Border Protection, the largest federal law enforcement agency that already uses our Teal 2 drones for enhanced situational awareness with supplemental airborne reconnaissance, surveillance and tracking,” said Jeff Thompson, Red Cat CEO. “Following our playbook from the acquisition and growth of our flagship Teal drones, we are well positioned to scale up production and get the Edge 130 Blue into the hands of our current customers like the CBP, as well as other security and defense forces around the world.”

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

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

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

    Contact:

    INVESTORS:
    E-mail: Investors@redcat.red

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

    The MIL Network –

  • MIL-OSI: Greenbacker broadens fundraising capabilities with new senior business development hires

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) — Greenbacker Capital Management (“GCM” and, together with its affiliates, “Greenbacker”), an energy transition-focused investment manager, is pleased to announce that it has expanded its distribution and fundraising capabilities, particularly in markets where Greenbacker is seeing increasing investor demand for sustainable investments. As senior members of the business development team, Adam Evans, CAIA, CIMA and John Hennessey broaden Greenbacker’s ability to offer individual and institutional investors the opportunity—across all distribution channels—to participate in the energy transition.

    “With Greenbacker’s evolving set of strategies, the timing couldn’t be better to add these two individuals, and their wealth of experience, to the distribution side of our business,” said Brandon Praznik, Greenbacker’s Executive Vice President of Business Development. “The strategic additions of Adam and John bolster our capital raising efforts as Greenbacker seeks to execute on its growth targets and capitalize on the energy transition opportunity set for our investors.”

    Evans is an industry veteran with over 20 years of experience distributing financial services products to institutional and retail investors. As a senior vice president on Greenbacker’s business development team, he is responsible for the distribution of company strategies through all distribution channels in the Central US. Prior to Greenbacker, Evans served as a director within the financial institutions group at Lazard Asset Management, before which he held the role of business development director at Cushing Asset Management. In both roles, Evans was responsible for distributing firm strategies to the registered investment advisor (“RIA”), bank trust, and family office channels, including securing investment in new strategies.

    Hennessey is a seasoned business development professional, bringing to Greenbacker 15 years of experience marketing and distributing investment strategies to the RIA, family office, and institutional channels. As a vice president on Greenbacker’s business development team, he is responsible for the distribution of company strategies through all channels, with a focus on the Southeastern US. Previously in his career, Hennessey served as a director at Chicago Atlantic Group and a vice president at Merit Hill Capital; at both firms, he was responsible for business development, covering the RIA, family office, and institutional channels.

    The two join the company during a period of expansion and transformation for Greenbacker. Greenbacker’s latest quarterly results highlight substantial year-over-year growth in revenue and clean power production, as well as a 30% increase in fee-earning AUM,1 bringing the total to $762 million. As of the end of the second quarter, the company’s aggregate AUM2 had reached $3.7 billion.

    Greenbacker also recently expanded its investments team following the launch of GCM’s fourth sustainability-driven investment strategy, focused on Energy Transition Real Estate. Earlier this year, Greenbacker announced it added three new members to its leadership team, including a new Chief Financial Officer and the newly created Head of Infrastructure and Head of Capital Markets positions. Late last year, the company expanded its private equity investment team, adding a managing director to its Greenbacker Development Opportunities (“GDEV”) strategy, which invests in growth-stage sustainable infrastructure development platforms.

    GCM serves as the SEC-registered investment manager to four energy transition-focused investment strategies. Greenbacker remains committed to empowering a sustainable future by putting investor capital to work in the energy transition asset class. As of June 30, 2024, Greenbacker’s fleet of clean energy projects has produced over 10.7 million MWh of clean power3 since 2016, abating nearly 7.5 million metric tons of carbon4 and conserving approximately 7.4 billion gallons of water,5 compared to the amount of water needed to produce the same amount of power by burning coal.

    About Greenbacker Capital Management
    Greenbacker Capital Management LLC is an SEC-registered investment adviser that provides advisory and oversight services related to project development, acquisition, and operations in the renewable energy, energy efficiency, and sustainability industries. For more information, please visit https://greenbackercapital.com.

    About Greenbacker Renewable Energy Company
    Greenbacker Renewable Energy Company LLC is a publicly reporting, non-traded limited liability sustainable infrastructure company that both acquires and manages income-producing renewable energy and other energy-related businesses, including solar and wind farms, and provides investment management services to other renewable energy investment vehicles. We seek to acquire and operate high-quality projects that sell clean power under long-term contracts to high-creditworthy counterparties such as utilities, municipalities, and corporations. We are long-term owner-operators, who strive to be good stewards of the land and responsible members of the communities in which we operate. Greenbacker conducts its investment management business through its wholly owned subsidiary, Greenbacker Capital Management, LLC, an SEC-registered investment adviser. We believe our focus on power production and asset management creates value that we can then pass on to our shareholders—while facilitating the transition toward a clean energy future. For more information, please visit https://greenbackercapital.com.

    Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. Although Greenbacker believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. Greenbacker undertakes no obligation to update and forward-looking statement contained herein to conform to actual results or changes in its expectations.

    Greenbacker media contact
    Chris Larson
    Media Communications
    646.569.9532
    c.larson@greenbackercapital.com

    1 Fee-earning AUM represents the asset base upon which management fee revenue is earned from GCM’s managed funds. The financial and portfolio metrics set forth herein are unaudited and subject to change.
    2 Aggregate AUM includes GREC and GCM’s managed funds. AUM represents the underlying fair value of investments, determined generally in accordance with ASC 820, cash and cash equivalents and project level debt. These figures are unaudited and subject to change.
    3 As of June 30, 2024.
    4 As of June 30, 2024. When compared with a similar amount of power generation from fossil fuels. Carbon abatement is calculated using the EPA Greenhouse Gas Equivalencies Calculator which uses the Avoided Emissions and generation Tool (AVERT) US national weighted average CO2 marginal emission rate to convert reductions of kilowatt-hours into avoided units of carbon dioxide emissions.
    5 As of June 30, 2024. Gallons of water saved are calculated based on Operational water consumption and withdrawal factors for electricity generating technologies: a review of existing literature – IOPscience, J Macknick et al 2012 Environ. Res. Lett. 7 045802.

    The MIL Network –

  • MIL-OSI: NextGen Digital Advances Development of Cloud AI Hosting Platform and PCSections.com

    Source: GlobeNewswire (MIL-OSI)

    FREDERICTON, New Brunswick, Oct. 08, 2024 (GLOBE NEWSWIRE) — NextGen Digital Platforms Inc. (“NextGen” or the “Company”) (CSE: NXT) is pleased to provide an update on recent and ongoing developments at its two core businesses, namely e-commerce platform PCSections.com (“PCS”) and the cloud-based hardware-as-a-service leasing business (“Cloud AI Hosting”). Both platforms continue to be upgraded to improve scalability, performance, and operational efficiency, as the Company continues to drive forward its growth strategy.

    Cloud AI Hosting Buildout Trial

    The Company has engaged Logic V Inc. (“Logic V”), a Vancouver-based provider of cloud computing and IT services, to explore transitioning its Cloud AI Hosting business to a fully cloud-based model. This new approach would involve the Company virtually leasing a subset of computing workstations from larger cloud computing and/or datacentre providers, which the Company would then sublease to smaller third-party artificial intelligence end-users via the existing online portal already being used by Cloud AI Hosting. Virtually leasing this computing power, rather than building an in-house computing fleet, could provide significant scalability and operational benefits as the Company builds out this business line.

    Logic V is currently conducting a proof of work (the “POW”) to assess this transition. If successful, this new approach is expected to significantly enhance scalability and speed to market by eliminating the need for NextGen to acquire and operationalize physical workstations, thus avoiding risks associated with physical inventory, operational challenges, and the large upfront costs of workstation purchases and infrastructure upgrades.

    NextGen expects Logic V to complete the POW in the coming weeks, and in due course will provide an update on outcomes from the POW and the next phase of the Cloud AI Hosting buildout.

    PCS Platform Enhancements

    PCS is undergoing both front-end and back-end upgrades aimed at enhancing the overall user experience, site performance, and security. The upgrades to PCS include:

    • Design Enhancements: Updates to the color scheme, layout, pattern, and animations to improve visual appeal and usability.
    • Payment & Checkout Improvements: Optimization of the payment process for a more seamless and secure customer experience.
    • Security Measures: Implementation of techniques to bolster security against unauthorized access and potential vulnerabilities in the payment process.
    • Performance Boost: Improvements to the website’s loading speed and overall performance for faster browsing.
    • General Bug Fixes: Identification and resolution of bugs to ensure smoother operation.

    The front-end design improvements are expected to be completed soon, and the Company will continue to work on finalizing the back-end enhancements.

    Kevin Zhou, NextGen’s Director of Platforms & Marketing, stated, “Pursuing a cloud-based model for Cloud AI Hosting has the potential to be a more efficient and scalable path compared to our original plan of acquiring physical workstations. If the current POW is successful, we will immediately scale up our operations. If not, we are still able and funded to expand our current fleet of workstations, towards our goal of owning a total of 10 to 15 GPUs with enough computing power for our smaller-scale users. Regardless of the outcome, we anticipate expanding the operational capacity and revenue level of our Cloud AI Hosting business once Logic V completes the POW. Similarly, with the updates on PCS, we are aiming to improve its overall functionality and competitiveness as we continue to refine both platforms.”

    Joel Freudman, President & CEO of NextGen, added, “We are pleased with the development milestones being achieved across both our PCS and Cloud AI Hosting platforms. We remain committed to their continued growth to fuel NextGen’s development trajectory, and are exploring what other potential revenue streams and ancillary capabilities we may be able to derive by leveraging our existing infrastructure.”

    About NextGen Digital Platforms Inc.
    NextGen is a Canadian technology company specializing in the development and acquisition of revenue-generating micro-technology digital platforms. The Company currently operates e-commerce platform PCSections.com (“PCS”) and a hardware-as-a-service business supporting the artificial intelligence sector, called cloud AI hosting (“Cloud AI Hosting”). Both PCS and Cloud AI Hosting were developed in-house by NextGen. From time to time the Company also intends to evaluate and acquire or develop other micro-technology platforms.

    NextGen is a portfolio company of Resurgent Capital Corp. (“Resurgent”), a merchant bank providing venture capital markets advisory services and proprietary financing. Resurgent works with promising public and pre-public micro-capitalization companies listing on Canadian stock exchanges. For more information on Resurgent and its portfolio companies, please visit Resurgent’s website at https://www.resurgentcapital.ca/ or follow Resurgent on LinkedIn at https://ca.linkedin.com/company/resurgent-capital-corp.

    For further information about NextGen, please contact:

    Joel Freudman
    Founder, President & CEO
    NextGen Digital Platforms Inc.
    Phone: (647) 368-7789
    Email: info@nextgendigital.ca
    Website: https://nextgendigital.ca/

    Cautionary Statements Regarding Forward-Looking Information

    Neither the Canadian Securities Exchange nor its regulation services provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

    This press release contains certain forward-looking statements, including those relating to the future development and revenue potential of PCS and Cloud AI Hosting; the POW for Cloud AI Hosting; and expected benefits of improvements to PCS and Cloud AI Hosting. These statements are based on numerous assumptions regarding the Company’s business plans and technological development forecasts, and outcomes of the POW, that are believed by management to be reasonable in the circumstances, and are subject to a number of risks and uncertainties, including without limitation: technological and business risks inherent in artificial intelligence, e-commerce, and other emerging sectors that the Company is or may become involved in; operational and technical challenges; timeline for completion of the POW, and the outcomes therefrom, including as to revenue and/or profitability of Cloud AI Hosting; the Company’s ability to compete with other businesses in the e-commerce and/or cloud hosting markets; negative operating cash flow and insufficient capital to complete the development and/or expansion of any of the Company’s technologies; volatility in economic conditions; and those other risks described in the Company’s continuous disclosure documents. Actual results may differ materially from results contemplated by the forward-looking statements herein. Investors and others should carefully consider the foregoing factors and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements herein except as required by applicable securities laws.

    The MIL Network –