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Category: GlobeNewswire

  • MIL-OSI: Lightbend and Scalac Partner to Enable Enterprises to Leverage the Power of Akka

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Oct. 04, 2024 (GLOBE NEWSWIRE) — Lightbend, inventors of Akka, today announced a partnership with Scalac, a global consultancy for developer teams focusing on Scala and Akka. Lightbend’s cutting-edge solutions for building low-latency, fault-tolerant systems combined with Scalac’s expertise in Akka and Scala give enterprise developer teams a powerful joint solution to enable them to create resilient, high-performance applications.

    “Our collaboration with Scalac gives our customers an experienced partner they can turn to for help in getting their applications from design to development to production quickly,” said Jonas Bonér, inventor of Akka and Lightbend’s co-founder and CTO. “Our joint customers are driven to innovate faster and improve the user experience while reducing cost. For Scala projects, Akka and Scalac are a powerful combination to achieve those goals.”

    Akka provides an architecture and DevEx that eliminates the high latency, large footprint, and complexity barriers current cloud applications create for organizations wanting to build highly elastic and resilient multi-cloud applications. Akka enables organizations to streamline their infrastructure and operational burden, reducing infrastructure costs by as much as 85% while simultaneously boosting application resilience.

    “Akka serves as a powerful platform for building concurrent, distributed, and fault-tolerant applications,” said Lukas Kuczera, Scalac’s CEO. “We’ve had great success with Akka in customer environments, and we’re thrilled to partner more closely with Lightbend to help our customers innovate faster and reduce the cost of delivering great user experiences.”

    About Lightbend
    Lightbend (@Lightbend) is used by many of the world’s largest brands as the foundation for their multi-cloud, mission-critical applications. Through Akka, the industry’s most powerful distributed application platform, Lightbend provides scalable, high-performance microservices frameworks and streaming engines for building data-centric systems optimized to run on cloud native infrastructure. For more information, visit http://www.lightbend.com.

    About Scalac
    Scala and Akka experts. Scalac has over ten years of experience in accelerating project development, team extension, and team scaling. Whether you’re looking to scale your development team, extend its capabilities, or build a whole project from scratch, we offer flexible solutions that integrate seamlessly with your existing setup. We provide in-depth technical audits to assess your system’s performance, consultations to guide your strategy, and full end-to-end development support. From design to production, Scalac ensures your project’s success.

    Editorial Contact
    Kimberly Falk
    VP of Marketing, Lightbend
    +1 415 515 0686
    kimberly.falk@lightbend.com 

    Nichols Communications for Lightbend
    Jay Nichols
    +1 408 772 1551
    jay@nicholscomm.com 

    The MIL Network –

  • MIL-OSI: Brazil Cancer Drug Clinical Trials Brazil Clinical Trial Registry ANVISA Brazil Guidelines

    Source: GlobeNewswire (MIL-OSI)

    Delhi, Oct. 04, 2024 (GLOBE NEWSWIRE) — Brazil Cancer Drugs Clinical Trials Insight 2024 Report Offering:

    • Brazil Clinical Trials Market Opportunity 2024 and 2030 (In US$ Million)
    • Clinical Trials Regulatory Framework In Brazil
    • Total Number of Cancer Drugs In Clinical Trials In Brazil
    • Total Number Of Cancer Drugs Approved In Brazil
    • 400 Pages Clinical Trials Insight On All Cancer Drugs In Clinical Trials By Company, Indication and Phase
    • 80 Pages Clinical Insight On All Cancer Drugs Approved in Market By Company and Indication
    • Insight On 25 Pharmaceutical Companies & CRO In Brazil

    Download Report:  https://www.kuickresearch.com/report-clinical-trials-brazil-cancer-drug-research-brazil-cancer-drug-research-brazil-oncology-drug-development-brazil

    Brazil’s cancer drug clinical trial landscape has been evolving rapidly in recent years, positioning the country as an increasingly important player in global oncology research. As the largest country in Latin America, with a population of over 215 million and a diverse genetic makeup, Brazil offers unique opportunities for conducting clinical trials for conducting clinical trials in oncology. The Brazilian clinical trial environment is characterized by a mix of private and public health systems, providing researchers with access to a wide range of patient population. This diversity is particularly valuable in cancer research, where genetic and environmental factors can significantly influence treatment outcomes. Major urban cities like Rio de Janeiro, São Paulo and Porto Alegre have become hubs for clinical research, housing state-of-the-art medical facilities and research institutions.

    One of the key drivers of Brazil’s growing prominence in cancer drug trials is the country’s high cancer burden. According to estimates, Brazil recorded around 630,000 new cancer cases in 2022, which is estimated to cross 750,000 by 2030. This high incidence rate, coupled with the need for innovative treatments, has created a song impetus for conducting oncology trials in the country. Breast, prostate, colorectal and lung cancers are among the most common types, aligning with global trends and research priorities.

    The regulatory landscape for clinical trials in Brazil has seen significant improvements in recent years. The Agência Nacional de Vigilância Sanitária (ANVISA) has streamlined i8ts approval processes, reducing timelines for trial initiation. The creation of the Rede Nacional de Pesquisa Clínica (RNPC) has also facilitated the convict of multicenter trials across the country. These regulatory advancements have made Brazil more attractive to international pharmaceutical companies and research organizations looking to conduct global trials.

    Brazil’s participation in international collaborative research networks has further enhanced its position in cancer drug trials. The country is increasingly involved in global phase III trials, allowing Brazilian patients access to cutting-edge experimental therapies this involvement not only contributes to global drug development but also helps build local expertise and infrastructure for conducting complex oncology trials.

    The Brazilian government has also played a role in fostering cancer research through initiatives like the National Policy for Cancer Care (PNAO). This policy aims to improve cancer care across the country and includes provisions for supporting clinical research. Additionally, public-private partnerships have emerged as a key strategy for advancing cancer drug development in Brazil, combining government resources with private sector expertise and funding.

    However, challenges remain in Brazil’s clinical trial landscape. Disparities in healthcare access and quality between urban and rural areas can affect patient recruitment and trial conduct. Language barriers and the need for translation of trial materials can also add complexity to international studies. Moreover, navigating the Brazilian regulatory system, despite improvements, can still be complex for foreign sponsors unfamiliar with local processes.

    Another significant aspect of Brazil’s cancer drug trials landscape is the focus on biosimilars and generics. As patents on several key oncology drugs expire, Brazil has become an important market for biosimilar development and testing. This aligns with the country’s efforts to increase access to cancer treatments and reduce healthcare costs.

    Looking ahead, Brazil’s cancer drug clinical trial landscape shows promise for continued growth and innovations. The country’s large and diverse patient population, improving regulatory environment, and growing expertise in oncology research make it an attractive destination for global cancer drug development. As Brazil continues to invest in its research infrastructure and capabilities, it poised to play an increasingly significant role in advancing cancer treatments on a global scale.

    The MIL Network –

  • MIL-OSI: Beneficient Appoints Patrick J. Donegan to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Oct. 04, 2024 (GLOBE NEWSWIRE) — Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled financial services holding company, today announced the appointment of Patrick J. Donegan as an independent member of the Company’s Board of Directors as of September 30, 2024. In addition to being an independent director, he was appointed to serve on the Audit, Products and Related Party Transactions, Credit and Enterprise Risk committees of the Board.

    Mr. Donegan brings almost thirty years of compliance, legal, banking and capital markets experience to Ben, having held various senior compliance positions, including as Chief Compliance Officer, for bank holding companies and broker dealers and as Assistant General Counsel for a securities company. Over the course of his career, Mr. Donegan has attained eleven FINRA licenses and two certifications from the American Bankers Association, including the Certified Regulatory Compliance Mangers designation, and currently holds a Certified Anti-Money Laundering Specialist certification.

    “Our Board worked to identify a new, independent director who would bring unique skills and senior experience to support Ben’s commitment to operate using industry best practices,” said Beneficient’s CEO and Chairman Brad Heppner. “I am pleased to welcome Patrick to Ben’s Board. Patrick’s extensive legal and regulatory compliance experience – specifically within the FinTech industry – will provide valuable leadership and governance insights to the Board.”

    Mr. Donegan received a Bachelor of Science in Accounting from St. John’s University and a J.D. from St. John’s University School of Law. Mr. Donegan currently serves as a Senior Adviser at Premier Consulting Partners, Inc., a consulting firm focused on operational risk evaluation and compliance, and previously served as the Global Chief Compliance Officer of OKX Group from August 2023 to January 2024. From 2015 to 2023, Mr. Donegan held various leadership positions at Signature Bank, including Chief Compliance Officer, Senior Vice President and Sanctions Compliance Officer. Mr. Donegan’s professional career has also included positions with a number of prominent investment banks, including Cantor Fitzgerald, RBC, Guggenheim, BNP Paribas and Nat West, and compliance roles at Mitsubishi UFJ and Hudson City Bancorp. Through his legal experience and compliance officer roles, Mr. Donegan has developed expertise in identifying risks and establishing policies and procedure to effectively manage those risks. Mr. Donegan’s understanding of banking and capital markets rules and the related regulatory processes will benefit the Company’s efforts to maintain industry best practices across the organization.

    About Beneficient

    Beneficient (Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors − mid-to-high net worth individuals, small-to-midsized institutions and General Partners seeking exit options, anchor commitments and valued-added services for their funds − with solutions that could help them unlock the value in their alternative assets. Ben’s AltQuote™ tool provides customers with a range of potential exit options within minutes, while customers can log on to the AltAccess® portal to explore opportunities and receive proposals in a secure online environment.

    Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas’ Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner.

    For more information, visit http://www.trustben.com or follow us on LinkedIn.

    Investors

    investors@beneficient.com

    Contacts

    Matt Kreps: 214-597-8200, mkreps@darrowir.com
    Michael Wetherington: 214-284-1199, mwetherington@darrowir.com
    Investor Relations: investors@beneficient.com

    Disclaimer and Cautionary Note Regarding Forward-Looking Statements

    Certain of the statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be generally identified by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” and, in each case, their negative or other various or comparable terminology. These forward-looking statements reflect our views with respect to future events as of the date of this document and are based on our management’s current expectations, estimates, forecasts, projections, assumptions, beliefs and information. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. All such forward-looking statements are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results to be materially different from those stated or implied in this document. It is not possible to predict or identify all such risks. These risks include, but are not limited to, the risk factors that are described under the section titled “Risk Factors” in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings with the Securities and Exchange Commission (the “SEC”). These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this document and in our SEC filings. We expressly disclaim any obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law.

    The MIL Network –

  • MIL-OSI: Beneficient Consummates Transaction to Increase Permanent Equity by $126 Million

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Oct. 04, 2024 (GLOBE NEWSWIRE) — Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled financial services holding company announces that its subsidiary Beneficient Company Holdings, L.P. consummated a previously announced transaction pursuant to which approximately $126 million of its preferred equity was redesignated as non-redeemable. As a result of the transaction, which was approved by the Company’s founders holding the majority of the preferred equity, Beneficient expects approximately $126 million of temporary equity to be reclassified to permanent equity on its balance sheet as of September 30, 2024.

    About Beneficient

    Beneficient (Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors − mid-to-high net worth individuals, small-to-midsized institutions and General Partners seeking exit options, anchor commitments and valued-added services for their funds− with solutions that could help them unlock the value in their alternative assets. Ben’s AltQuote™ tool provides customers with a range of potential exit options within minutes, while customers can log on to the AltAccess® portal to explore opportunities and receive proposals in a secure online environment.        

    Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas’ Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner.

    For more information, visit http://www.trustben.com or follow us on LinkedIn.

    Investors

    investors@beneficient.com

    Contacts

    Matt Kreps: 214-597-8200, mkreps@darrowir.com
    Michael Wetherington: 214-284-1199, mwetherington@darrowir.com
    Investor Relations: investors@beneficient.com

    Disclaimer and Cautionary Note Regarding Forward-Looking Statements

    Certain of the statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be generally identified by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would,” and, in each case, their negative or other various or comparable terminology. These forward-looking statements reflect our views with respect to future events as of the date of this document and are based on our management’s current expectations, estimates, forecasts, projections, assumptions, beliefs and information. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. All such forward-looking statements are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results to be materially different from those stated or implied in this document. It is not possible to predict or identify all such risks. These risks include, but are not limited to, the risk factors that are described under the section titled “Risk Factors” in our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings with the Securities and Exchange Commission (the “SEC”). These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this document and in our SEC filings. We expressly disclaim any obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law.

    The MIL Network –

  • MIL-OSI: Anti CD70 Antibodies Clinical Trials FDA Approval CD70 Cancer Therapies Clinical Trials Market Opportunity Insight

    Source: GlobeNewswire (MIL-OSI)

    Delhi, Oct. 04, 2024 (GLOBE NEWSWIRE) — Global CD70 Targeting Therapies Market Opportunity and Clinical Trials Insight 2024 Report Highlights:

    • CD70 Targeting Therapies In Clinical Trials: > 20 Therapies
    • CD 70 Targeting Therapies Clinical Trials Insight By Company, Country, Indication and Phase
    • Insight On CD70 Targeting Therapy Technology Platforms: 6 Platforms
    • FDA and EMA Designations Insight: Orphan, FTD, RMAT Designation
    • Combination Stratagems for CD70 Targeting Therapies
    • Insight On 10 Companies Involved In Development Of CD70 Therapies

    Download Report:

    https://www.kuickresearch.com/report-cd70-antibodies-cd70-antibody-targeting-therapies-cd70-targeting-therapies-market-cd70-targeting-therapies-trials-cd70-antibodies-fda-approval

    In the dynamic realm of immunotherapy, CD70 inhibitors have emerged as promising candidates, opening a new frontier in precision medicine. The immune system is subject to intricate modulation through various checkpoints, with CD70, a multifaceted cell surface molecule, playing a pivotal role in influencing immune responses and cellular interactions. The inhibition of CD70 presents a novel avenue for therapeutic intervention, and this article serves as a comprehensive guide to the burgeoning landscape of CD70 inhibitors.

    From facilitating T-cell activation to maintaining immune homeostasis, CD70 is integral in shaping immune responses. However, its dysregulation has been implicated in numerous diseases, rendering it an intriguing target for therapeutic modulation. The history of CD70 inhibitors sheds light on the molecule’s multifaceted roles in both health and disease, alongside the development of targeted pharmacological agents aimed at modulating its activity. The groundwork for CD70 inhibitors began with the identification of CD70 as a transmembrane glycoprotein belonging to the tumor necrosis factor (TNF) superfamily. Initially recognized for its role in T-cell activation, CD70’s expression on activated immune cells marked a significant milestone in immunology.

    Research throughout the 1990s delved into the immunomodulatory functions of CD70, revealing its involvement in T-cell co-stimulation and the regulation of immune responses. The perception of CD70 as a viable therapeutic target gained momentum as its dysregulation was associated with autoimmune disorders and certain cancers. The early 2000s witnessed an intensified exploration of CD70 as a potential therapeutic target, particularly concerning cancer and autoimmune diseases. Preclinical studies involving animal models and in vitro experiments laid the foundation for investigating the efficacy of CD70 inhibition in altering immune responses and disease progression.

    Advancements in biotechnology and drug development techniques during the mid-2010s facilitated the design and synthesis of CD70 inhibitors. Monoclonal antibodies and small molecules targeting CD70 emerged as promising candidates for therapeutic intervention, providing a means to selectively modulate CD70-mediated signaling pathways. The first half of the 2020s saw the initiation of clinical trials evaluating the safety, efficacy, and tolerability of CD70 inhibitors in human subjects.

    Several ongoing clinical trials focus on various disease contexts, including cancer and autoimmune disorders, with the aim of translating promising preclinical findings into tangible therapeutic outcomes. One notable example is SEA-CD70, an investigational sugar-engineered antibody targeting CD70, currently undergoing clinical research for patients with myelodysplastic syndrome and acute myeloid leukemia. This phase I, open-label, multicenter, dose-finding, and dose-expansion study is designed to evaluate the safety, tolerability, pharmacokinetics (PK), and antitumor activity of SEA-CD70, either as a monotherapy or in combination with azacitidine. Sponsored by Seagen, this investigation was initiated in August 2020, and is expected to be completed by November 2026.

    The development and utilization of CD70 inhibitors present several potential advantages across diverse medical contexts. CD70 is often upregulated in various cancers, promoting immune evasion; thus, CD70 inhibitors can modulate immune responses and enhance the anti-tumor activity of immune cells, particularly T cells. Inhibiting CD70 may directly affect tumor cells by reducing their proliferation and survival, potentially slowing cancer progression.

    Moreover, CD70 inhibitors offer a targeted therapeutic approach by specifically addressing the dysregulated immune responses associated with CD70 expression. This precision may minimize off-target effects commonly seen in broader immunosuppressive strategies. The exploration of CD70 inhibitors represents a captivating journey into the intricate world of immunomodulation and targeted therapy. The multifaceted roles of CD70 in health and disease have catalyzed the development of inhibitors with the potential to revolutionize cancer therapy, autoimmune disorders, and beyond.

    As these inhibitors advance through clinical trials, the narrative surrounding CD70 inhibition evolves with each study, providing insights into their safety, efficacy, and broader applications. The prospect of precision medicine, where tailored interventions reshape patient care, is on the horizon. Furthermore, the potential synergies with existing therapeutic modalities hint at a future where combination strategies harness the full power of the immune system against complex diseases.

    The MIL Network –

  • MIL-OSI: Global mRNA Cancer Vaccine Clinical Trial FDA Approval Market Size Future Opportunity Companies Insight

    Source: GlobeNewswire (MIL-OSI)

    Delhi, Oct. 04, 2024 (GLOBE NEWSWIRE) — Global mRNA Cancer Vaccines Clinical Trials and Market Future Outlook 2024 Report Highlights:

    • mRNA Cancer Vaccines In Clinical Trials: > 60 Vaccines
    • Highest Phase Of Clinical Trials: Phase III ( 2 Vaccine)
    • mRNA Cancer Vaccine Clinical Trials Insight By Company, Country, Indication and Phase
    • First Commercial mRNA Vaccine Approval Expected By 2029
    • US and China Dominating mRNA Cancer Vaccines Clinical Trials: > 45 Vaccines
    • mRNA Vaccines For Skin Cancer Dominating Trials: > 10 Vaccines

    Download Report:

    https://www.kuickresearch.com/report-mrna-cancer-vaccine-rnca-vaccine-mrna-cancer-vaccine-market-fda-approved-mrna-cancer-vaccine-mrna-cancer-vaccine-clinical-trials-mrna-cancer-vaccines

    In the ever evolving landscape of pharmaceuticals, mRNA vaccines have emerged as a captivating and progressive area of research and development, and the dynamic nature of this market segment at present offers numerous opportunities, most of which remains to be explored. Researchers believe mRNA cancer vaccines hold great promise in revolutionizing cancer treatment. As a result, the market is witnessing a surge in research and development efforts dedicated to harnessing the potential of mRNA technology to target various types of cancers.

    In recent years, mRNA technology has garnered significant attention for its potential to target cancer cells with precision and trigger potent immune response. This has led to a surge in both academic and industry efforts to harness the power of mRNA for cancer immunotherapy. Consequently, positive strides have been made in clinical trials, showing the safety and efficacy of mRNA-based vaccines in certain cancer indications, mainly those that have had their respective biomarkers identified.

    The convergence of technological advancements and groundbreaking research has created a fertile environment for mRNA vaccine development for cancer indications. Conventional treatment modalities often come with limitations and side effects, which has opened the door for mRNA vaccines, which hold the promise of targeted and personalized therapies. The ability to tailor vaccines to an individual’s genetic makeup and specific cancer type has immense potential to revolutionize cancer treatment outcomes, which give mRNA cancer vaccines a commercial edge over available immunotherapy approaches.

    However, in this growing dynamic realm of mRNA cancer vaccines, the availability of comprehensive data remains a challenge that companies and academia are diligently addressing. While some companies, like Moderna, have encountered mixed results and reviews for their cancer vaccines, this is a testament to the complex nature of cancer therapeutics research.

    the current market opportunities for mRNA vaccine development in cancer treatment are a testament to the synergy between scientific research and innovation. Continuous insights illuminate the path forward, highlighting the conjunction of technological breakthroughs, favorable regulatory pathways, and a relentless pursuit of improved patient outcomes. As we navigate through the intricate landscape, the contributions from pharmaceutical companies, academia, regulatory agencies, and patients are poised to shape the trajectory of this burgeoning market, ushering in an era of tailored, effective and transformative cancer therapies.

    Table of Contents

    1. mRNA Vaccines as Next Generation Cancer Immunotherapy

    2. Global mRNA Cancer Vaccine Clinical Trials Insight By Company, Country, Indication & Phase

    3. Global Cancer mRNA Vaccines Clinical Pipeline Overview

    4. Global mRNA Cancer Vaccines Market Overview

    5. Global mRNA Cancer Vaccines Market Trends by Country

    6. Global mRNA Cancer Vaccines Clinical Landscape by Indication

    7. Global mRNA Cancer Vaccines Market Collaborations, Deals & Investments

    8. Proprietary Technologies & Methodologies for mRNA Cancer Vaccine Development

    9. Competitive Landscape

    The MIL Network –

  • MIL-OSI: Global LAG 3 Antibody FDA Approval Clinical Trials LAG 3 Inhibitors Market Future Growth Opportunity Insight

    Source: GlobeNewswire (MIL-OSI)

    Delhi, Oct. 04, 2024 (GLOBE NEWSWIRE) — Global LAG-3 Inhibitors Market, Drug Sales, & Clinical Trials Insight 2029 Report Highlights:

    • Global LAG-3 Inhibitors Market Opportunity: > USD 3 Billion By 2029
    • Global & Regional Market Analysis
    • Commercially Approved LAG-3 Inhibitors: 1
    • Dosing, Pricing & Sales Insight On Approved LAG-3 Inhibitor
    • Insight On All LAG-3 Inhibitors In Trials: > 40
    • Global LAG3 Inhibitors clinical Trials Insight By Company, Country, Indication & Phase
    • Competitive Landscape: Insight on 15 Key Companies

    Download Report:
    https://www.kuickresearch.com/report-lag-3-inhibitors-inhibitor–lag-3-inhibitor-drugs
    landscape
    In recent years, cancer research has undergone significant transformation, marked by the introduction of numerous innovative therapies. With the emergence of advanced PD-1/PD-L1 and CTLA-4 immune checkpoint inhibitors, such as Keytruda and Tecentriq, there is a growing necessity to explore additional therapeutic options. This pursuit has led to the discovery of various immune checkpoint receptors, including LAG-3, TIGIT, and VISTA. Among these, LAG-3 stands out for its potential to revolutionize treatment approaches for cancer and other diseases.

    The exploration of LAG-3 has catalyzed the development of new therapies, culminating in the approval of Opdualag, the world’s first LAG-3 therapy, by Bristol Myers Squibb in March 2022. This therapy is specifically indicated for patients aged 12 years and older with unresectable or metastatic melanoma, marking a significant milestone in cancer treatment.

    The approval of Opdualag by the FDA, alongside endorsements from regulatory bodies such as the UK’s MHRA, Australia’s TGA, Singapore’s Health Sciences Authority, and Brazil’s Agência Nacional de Vigilância Sanitária, represents a major breakthrough in cancer immunotherapy. As research progresses, it is expected that additional LAG-3 inhibitors will be launched for cancer treatment in the near future.

    From a commercial standpoint, the global market for LAG-3 inhibitor therapy presents a wealth of opportunities for pharmaceutical and biotech companies. LAG-3 inhibitors can be leveraged for various conditions, including solid tumors, hematological malignancies, autoimmune disorders, and inflammatory diseases. Ongoing clinical trials indicate that LAG-3 inhibitors are primarily being evaluated in combination therapies, where they are tested in conjunction with other immune checkpoint inhibitors or chemotherapy.

    In addition to these combination, studies suggest that LAG-3 inhibitors could be effective when used alongside other therapeutic interventions, such as therapeutic vaccines, oncolytic virus immunotherapy, radiotherapy, targeted therapies, nanotechnology, and alkaloid therapeutics. This potential for diverse applications could significantly enhance the market viability and clinical relevance of LAG-3 inhibitors across multiple disease contexts.

    Several candidates for LAG-3 inhibitors have reached late-phase clinical trials, reflecting the rapid advancement in this field. Notable examples include Fianlimab, INCAGN02385, XmAb22841, HLX26, Relatlimab, RO7247669, AK129, and Sym022. This progress underscores the increasing momentum behind LAG-3 inhibitors and presents opportunities for pharmaceutical and biotech companies to contribute to this evolving landscape.

    Key industry players, including Bristol Myers Squibb, Symphogen A/S, Hoffmann-La Roche, Immutep, invoX Pharma, Incyte Corporation, Regeneron Pharmaceuticals, and Merck, are instrumental in driving the development of LAG-3 inhibitors. Currently, the US market leads in terms of sales, research and development, and regulatory support for LAG-3 therapies. However, active research and development are also underway in countries like China and across Europe, indicating a global commitment to advancing LAG-3 inhibitors.

    According to KuicK Research, the market value for LAG-3 inhibitors was approximately US$ 625 million in 2023. This figure is expected to soar, with projections suggesting that the global LAG-3 market could surpass billions in sales within the next 2 to 5 years. The successful launch of Opdualag has already generated over half a billion dollars in revenue within two years of its approval. Furthermore, Bristol Myers Squibb anticipates estimated sales of US$ 4 billion for Opdualag by 2029.

    In summary, the development of LAG-3 inhibitors represents a promising frontier in cancer therapy. With a growing pipeline of candidates, expanding research efforts, and increasing commercial interest, the potential for LAG-3 therapies to transform cancer treatment is significant. As the field continues to evolve, it is poised to offer new hope for patients facing challenging diagnoses, underscoring the importance of ongoing innovation in immunotherapy.

    The MIL Network –

  • MIL-OSI: Hut 8 Operations Update for September 2024

    Source: GlobeNewswire (MIL-OSI)

    19.5 EH/s and 762 MW under management in mining with path to 33.5 EH/s

    Announced partnership with BITMAIN to host next-generation ASIC miner with purchase option to reach 20 EH/s of self-mining

    GPU-as-a-service subsidiary generating revenue with first cluster fully online

    Outstanding balance of Anchorage Digital loan equitized at price of $16.395 per share

    MIAMI, Oct. 04, 2024 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America’s largest Bitcoin miners, today released its operations update for September 2024.

    “We made significant strides in scaling our compute layer across Bitcoin mining and AI this month,” said Asher Genoot, CEO of Hut 8. “In partnership with Bitmain, we launched a next-generation, DLC-cooled ASIC miner. We are targeting a 15 EH/s hosting deployment at our Vega site in the Texas Panhandle by H1 2025, which is expected to generate ~$135 million in annualized hosting revenue on a fully ramped basis. The agreement’s purchase option creates a clear path to 20 EH/s of self-mining capacity by allowing us to fully acquire the hosted machines for our fleet. This deal demonstrates our commitment to pushing the mining industry forward while positioning for expansion into AI data centers.”

    “Our GPU-as-a-service vertical is now fully operational and generating revenue. As we advance discussions with potential partners to expand our digital infrastructure layer across Bitcoin mining and AI compute, we remain committed to maintaining balance sheet strength and creative structuring. To that end, we have also enhanced our financial position by fully converting our ~$38 million Anchorage Digital loan into equity at $16.395 per share of common stock, which represents a 51% premium to the Company’s 20-day VWAP through the day prior to the signing of the equitization agreement.”

    Highlights:

    • Announced partnership with BITMAIN to host U3S21EXPH ASIC miner in H1 2025 with path to 20 EH/s of self-mining capacity; partnership is expected to generate ~$135 million in annualized hosting revenue on a fully ramped basis
    • Brought 1,000 NVIDIA H100 GPUs online and began generating revenue for new GPU-as-a-service subsidiary Highrise AI, Inc.
    • Announced equitization of ~$38 million Anchorage Digital loan at a price of $16.395 per share
    • Continued construction of Ionic Digital’s Cedarvale site and remain on track to complete site buildout by December

    Operating Metrics

    Average during the period unless otherwise noted September 2024 August 2024
    Total energy capacity under management1,2,3 762 MW 762 MW
    Total deployed miners under management4 189.9K 179.5K
    Total hashrate under management5 19.5 EH/s 18.5 EH/s
         
    Self-Mining6    
    Deployed miners7 58.6K 58.5K
    Deployed hashrate8 5.6 EH/s 5.6 EH/s
    Bitcoin produced1,9 85 BTC 87 BTC
    Bitcoin on balance sheet1 9,106 BTC 9,105 BTC
         
    Managed Services2,10    
    Energy capacity under management1 582 MW 582 MW
    Deployed miners under management 140.8K 130.5K
    Hashrate under management 14.9 EH/s 13.9 EH/s
         
    Hosting    
    Deployed miners under management11,12 76.7K 76.7K
    Hashrate under management13 8.6 EH/s 8.5 EH/s
         

    Energy Infrastructure Platform1

            Current/Contracted Revenue Stream(s)14
    Site Location Owner Power
    Capacity    		 Self-
    Mining    		 Managed
    Services    		 Hosting HPC Power
    Sales
    Vega15 Texas Panhandle Hut 8 205 MW     Yes16    
    Medicine Hat Medicine Hat, AB Hut 8 67 MW Yes        
    Salt Creek Orla, TX Hut 8 63 MW Yes        
    Alpha Niagara Falls, NY Hut 8 50 MW Yes   Yes    
    Drumheller17 Drumheller, AB Hut 8 42 MW          
    Kelowna Kelowna, BC Hut 8 1.1 MW       Yes  
    Mississauga Mississauga, ON Hut 8 0.9 MW       Yes  
    Vaughan Vaughan, ON Hut 8 0.6 MW       Yes  
    Vancouver II Vancouver, BC Hut 8 0.5 MW       Yes  
    Vancouver I Vancouver, BC Hut 8 0.3 MW       Yes  
    King Mountain18 McCamey, TX Hut 8 (JV) 280 MW Yes Yes Yes   Yes
    Iroquois Falls19 Iroquois Falls, ON Hut 8 (JV) 120 MW         Yes
    Kingston19 Kingston, ON Hut 8 (JV) 110 MW         Yes
    North Bay19 North Bay, ON Hut 8 (JV) 40 MW         Yes
    Kapuskasing19 Kapuskasing, ON Hut 8 (JV) 40 MW         Yes
    Cedarvale3 Barstow, TX Managed 215 MW   Yes      
    East Stiles Midland, TX Managed 30 MW   Yes      
    Rebel Midland, TX Managed 25 MW   Yes      
    Stiles Midland, TX Managed 20 MW   Yes      
    Garden City Midland, TX Managed 12 MW   Yes      
    Total     1,322 MW          
                     

    Upcoming Conferences & Events:

    • October 7–9, 2024: Yotta 2024
    • October 15, 2024: USC Marshall Energy Business Summit 2024
    • November 13–14, 2024: Cantor Fitzgerald Crypto, Digital Assets & AI Infrastructure Conference 2024
    • November 19, 2024: Craig-Hallum 15th Annual Alpha Select Conference
    • November 19, 2024: Benzinga Future of Digital Assets Conference 2024
    Notes:
    (1) As of the end of the period
    (2) Includes all Self-Mining, Managed Services, and Hosting infrastructure, including 100% of the energy capacity at the King Mountain site, which is owned by the King Mountain JV in which the Company has a 50% membership interest and a Fortune 200 renewable energy producer has the remaining 50% membership interest (the “King Mountain JV”).
    (3) Includes 215 megawatts assuming full capacity at Cedarvale, which was first energized in April and is currently under construction.
    (4) Includes all miners that are racked with power and networking, rounded to the nearest 100, in Self-Mining, Managed Services, and Hosting infrastructure with power and networking, including all miners at the King Mountain site.
    (5) Includes all Self-Mining, Managed Services, and Hosting hashrate, including 100% of the hashrate at the King Mountain site.
    (6) Self-Mining operations for Hut 8 include 100% of operations at the King Mountain site.
    (7) Deployed miners are defined as those physically racked with power and networking, rounded to the nearest 100; deployed self-mining miners net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner was 49.6K during September and 49.5K during August.
    (8) Indicates the target hashrate of all deployed miners; deployed self-mining hashrate net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner was 4.7 EH/s during September and August, respectively.
    (9) Bitcoin produced net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner was 72 BTC during September and 74 BTC during August.
    (10) The Managed Services figures reflected in this table include the Self-Mining and Hosting metrics from the sites where Hut 8’s Managed Services business is an additional service layer in the operation of the site (at King Mountain, Rebel, Stiles, East Stiles, and Garden City). As a result, the sum of the Self-Mining, Managed Services, and Hosting numbers will not add up to the “Total energy capacity under management”, “Total deployed miners under management”, and “Total hashrate under management” figures that are also reflected in the table.
    (11) Miners are rounded to the nearest 100.
    (12) 42.6K deployed miners under management net of the 50% share of the King Mountain JV held by Hut 8’s joint venture partner during September and August, respectively.
    (13) 4.7 EH/s under management net of Hut 8’s joint venture partner’s 50% share of the King Mountain JV during September and August, respectively.
    (14) Reflects revenue sources to Hut 8, its subsidiaries, and/or joint ventures in which they participate.
    (15) Site is currently under development.
    (16) Anticipated to begin generating revenue in H1 2025
    (17) Site currently shut down; Hut 8 maintaining lease with option value of re-energizing site.
    (18) Owned by a JV between Hut 8 and a Fortune 200 renewable energy producer in which Hut 8 has an approximately 50% membership interest.
    (19) Owned by a JV between Hut 8 and Macquarie in which Hut 8 has an approximately 80% membership interest.
       

    About Hut 8 

    Hut 8 Corp. is an energy infrastructure operator and Bitcoin miner with self-mining, hosting, managed services, and traditional data center operations across North America. Headquartered in Miami, Florida, Hut 8 Corp. has a portfolio comprising twenty sites: eleven Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, and four power generation assets in Ontario. For more information, visit http://www.hut8.com and follow us on X (formerly known as Twitter) at @Hut8Corp.

    Cautionary Note Regarding Forward–Looking Information

    This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events or developments that Hut 8 expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion and growth of the business, operations, plans and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely” or similar expressions. Specifically, such forward-looking information included in this press release includes statements relating to our path to increase our EH/s under management to 33.5 EH/s, our path to increase self-mining EH/s to 20 EH/s through the purchase option with Bitmain, the timing and potential revenues for the hosting deployment at our Vega site, our plans to expand into AI data centers, our discussions with potential partners to expand our digital infrastructure layer across Bitcoin mining and AI compute, our commitment to balance sheet strength and creative structuring, and the timing to complete the Cedarvale site buildout for Ionic Digital.

    Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to, security and cybersecurity threats and hacks; malicious actors or botnet obtaining control of processing power on the Bitcoin network; further development and acceptance of the Bitcoin network; changes to Bitcoin mining difficulty; loss or destruction of private keys; increases in fees for recording transactions in the Blockchain; erroneous transactions; reliance on a limited number of key employees; reliance on third party mining pool service providers; regulatory changes; classification and tax changes; momentum pricing risk; fraud and failure related to digital asset exchanges; difficulty in obtaining banking services and financing; difficulty in obtaining insurance, permits and licenses; internet and power disruptions; geopolitical events; uncertainty in the development of cryptographic and algorithmic protocols; uncertainty about the acceptance or widespread use of digital assets; failure to anticipate technology innovations; the COVID19 pandemic, climate change; currency risk; lending risk and recovery of potential losses; litigation risk; business integration risk; changes in market demand; changes in network and infrastructure; system interruption; changes in leasing arrangements; failure to achieve intended benefits of power purchase agreements; potential for interrupted delivery, or suspension of the delivery, of energy to mining sites and other risks related to the digital asset mining and data center business. For a complete list of the factors that could affect Hut 8, please see the “Risk Factors” section of Hut 8’s Transition Report on Form 10-K, available under the Company’s EDGAR profile at http://www.sec.gov, and Hut 8’s other continuous disclosure documents which are available under the Company’s SEDAR+ profile at www.sedarplus.ca and EDGAR profile at www.sec.gov.

    Hut 8 Corp. Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Corp. Media Relations
    media@hut8.com

    The MIL Network –

  • MIL-OSI: Pushing Into a New Age for Digital Advertising – Alkimi Secures Top Exec in NED Role

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Oct. 02, 2024 (GLOBE NEWSWIRE) — UK-based Alkimi, the world’s first decentralised ad exchange, is excited to announce the appointment of Robert Bradley as Non-Executive Director. Robert brings over 20 years of experience in the media industry, working for the biggest media brands, and leading digital innovation, commercial strategy, and ad tech operations, driving significant revenue growth across global markets.

    As an advisor at Alkimi, Robert will leverage his extensive background in digital ecosystems, ad technology, and international commercial strategy to help scale Alkimi’s platform, bringing innovative solutions to the forefront of the advertising industry.

    “Robert’s unparalleled expertise in the media sector, particularly in digital strategy and revenue growth, aligns perfectly with Alkimi’s vision of disrupting traditional advertising. At our core, we truly believe in addressing transparency at an industry level, reducing fees whilst gaining efficiency and working our way towards net zero emissions. Robert is the perfect fit to help move mountains with us and we are thrilled to have him on board as we continue to scale and innovate,” said Ben Putley, CEO & Co-Founder of Alkimi.

    Bradley’s career has spanned key leadership roles at News Corp, IDG, CNN International Commercial (CNNIC). His current role as the Senior VP at CNNIC / Warner Bros. Discovery, Inc. where he spearheads commercial digital transformation and revenue growth across key digital assets. Alongside managing strategic partnerships across APAC, LATAM, and EMEA regions, he also has experience in managing multi-platform brand partnerships and ad sales, positioning him uniquely to guide Alkimi in its next phase of growth.

    Having followed the highly motivated nimble team for several years, Bradley has been impressed by the meteoric rise, taking note of Alkimi’s transparency and low fees.

    “Alkimi is at the cutting edge of the advertising industry, and I’m excited to be part of a team that’s revolutionizing how brands connect with audiences in a way that’s transparent, efficient and in a way media owners can benefit. I look forward to contributing to the company’s strategic direction and helping it achieve its ambitious goals,” said Robert Bradley, Non-Executive Director at Alkimi. 

    Bradley’s breadth of experience in AdTech and programmatic advertising gives him unique insights, built from years of practical, hands-on senior roles within the ecosystem. Alkimi is not only a natural fit for Bradley, but the company will also benefit from his wealth of knowledge and leadership as it continues to expand its offerings, solidifying its position as a trailblazer in decentralised ad technology. Bradley will be making his first live panel appearance with Alkimi at Zebu Live in October.

    About Alkimi

    Alkimi is a decentralised replacement to the inefficient legacy programmatic ad exchanges with the mission to restore the value exchange between advertisers, publishers and users. Alkimi is a custom layer 2 scaling solution on the Ethereum network, specifically for advertising — which allows us to provide the fastest, infinitely scalable solution with 0% fraud, low transaction fees and complete end-to-end transparency.

    About Robert Bradley 

    Rob joins Alkimi, as a NED, to share his vast background of leading processes related to the digital ecosystem for Web2 companies, such as CNN and Warner Bros Discovery. He is eager to sustain innovation and monetisation of new products, leading ad tech, commercial strategy, TV and digital operations.

    He has two decades of professional experience, including 6+ years as Senior Vice President at Warner Bros Discovery where he oversees Warner One’s commercial Strategy and Revenue. Prior to his current role Rob led commercial partnerships for CNNIC across the UK, US, and Nordics alongside overseeing international digital monetisation, ad operations and innovation. Rob’s illustrious career also includes stints at News Corp, OPW and IDG where he was the Head of Programmatic.

    Contact

    Associate Director of Marketing
    Milly
    Alkimi
    milly@alkimi.org

    The MIL Network –

  • MIL-OSI: Qylur Awarded SBIR Phase II Contract for a Tactical AI Spectrum Classifier Systems (TASCS)

    Source: GlobeNewswire (MIL-OSI)

    Sunnyvale, CA, Oct. 02, 2024 (GLOBE NEWSWIRE) — Qylur Intelligent Systems announces it has been selected by AFWERX for a Direct-to-Phase II contract in the amount of $1.25M focused on a new Tactical AI Spectrum Classifier Systems (TASCS) to address the most pressing challenges in the Department of the Air Force (DAF). The Air Force Research Laboratory and AFWERX have partnered to streamline the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) process by accelerating the small business experience through faster proposal to award timelines, changing the pool of potential applicants by expanding opportunities to small business and eliminating bureaucratic overhead by continually implementing process improvement changes in contract execution. The DAF began offering the Open Topic SBIR/STTR program in 2018 which expanded the range of innovations the DAF funded and now on September 17th, 2024, Qylur has started its journey to create and provide innovative capabilities that will strengthen the national defense of the United States of America.

    “Our mission has always been to leverage our unique AI experience and innovative AI-based intelligent machine solutions in the service of protecting life and our way of life” said Dr. Lisa Dolev, Founder and CEO of Qylur. “The spectrum environment is growing increasingly complex and more contested from both adversarial and unintentional sources. We are honored, through this SBIR contract, to be further extending our technology with new agile autonomous spectrum capabilities to help maintain spectrum superiority in support of Air Force mission imperatives.”

    The views expressed are those of the author and do not necessarily reflect the official policy or position of the Department of the Air Force, the Department of Defense, or the U.S. government.

    About Qylur Intelligent Systems

    Qylur Intelligent Systems is an AI the systems company with breakthrough technologies that redefine intelligent machine capabilities for both the commercial and defense sectors. At the heart of Qylur’s innovation is its pioneering Mission Autonomous AI, delivering transformative software and hardware solutions for next-generation intelligent systems. Its flagship offerings include the SNIM® AI platform and the Q Sentinel, the world’s first fully autonomous self-service security screening solution. With a portfolio of patented AI core technologies, and under the visionary leadership of Founder and CEO Dr. Lisa Dolev—an accomplished technology entrepreneur and inventor with over 35 years of expertise in security and defense—Qylur continues to shape the future of AI-driven intelligent machines, visit http://www.Qylur.com.

    About AFRL

    The Air Force Research Laboratory is the primary scientific research and development center for the Department of the Air Force. AFRL plays an integral role in leading the discovery, development, and integration of affordable warfighting technologies for our air, space and cyberspace force. With a workforce of more than 12,500 across nine technology areas and 40 other operations across the globe, AFRL provides a diverse portfolio of science and technology ranging from fundamental to advanced research and technology development. For more information, visit afresearchlab.com.

    About AFWERX

    As the innovation arm of the DAF and a directorate within the Air Force Research Laboratory, AFWERX brings cutting-edge American ingenuity from small businesses and start-ups to address the most pressing challenges of the DAF. AFWERX employs approximately 370 military, civilian and contractor personnel at five hubs and sites executing an annual $1.4 billion budget. Since 2019, AFWERX has executed over 6,200 new contracts worth more than $4.7 billion to strengthen the U.S. defense industrial base and drive faster technology transition to operational capability. For more information, visit: http://www.afwerx.com.

    The MIL Network –

  • MIL-OSI: 20 Years Strong: RIB CostX Marks Two Decades of Revolutionizing the Construction Industry

    Source: GlobeNewswire (MIL-OSI)

    2 OCTOBER, 2024, BRISBANE — RIB Software, a global leader in construction software solutions, this year celebrates 20 years of its award-winning all-in-one takeoff, estimating, and reporting software, RIB CostX. 

    CostX is a unified costing platform which seamlessly connects BIM and 2D takeoff and estimating with carbon accounting. With CostX, cost estimators have an easy-to-use tool which reduces errors and improves accuracy. It enables 2D takeoffs with a single click, which increases speed. Its advanced 3D/BIM support means that customers get more accurate calculations, considerable time savings, and improved quality within their estimates.

    For two decades, RIB CostX has been at the forefront of innovation in takeoff and estimation, consistently delivering the tools customers need to achieve accurate and reliable results. From pioneering digital takeoff technology to 5D BIM integration, RIB CostX has continually pushed the boundaries to empower professionals to work more efficiently.

    CostX’s ability to upload models so that all estimators can see the project in 3D is invaluable for our company,” says Allison Koester, Preconstruction Technology Lead at Austin Commercial in the U.S. “New design aspects that appear in the 3D model allow us to discover design features and price them at an early stage of design, helping to optimize our budget. 

    “We consider CostX part of the Austin team – they’ve been integral in our preconstruction technological transformation,” says Allison. “Costx’s outstanding customer support and product help us deliver accurate information that our customers rely on.”

    Ben White, Estimating Manager at Ausco Modular in Australia, adds that CostX is faster and more accurate than other industry software. “CostX is intuitive and widely taught, making it easy to find skilled staff. It suits various business sizes and offers a familiar, user-friendly interface similar to [Microsoft] Excel. It’s effective for companies with both office-based and remote teams.”

    CostX Highlights Through the Years

    CostX launched in 2004 with its first customer win, Rawlinsons, based in Brisbane, Australia. Shortly after, the groundbreaking Auto-Revisioning feature was introduced, facilitating revisions tracking between drawing designs, meaning estimates can be updated without missing critical alterations. Furthermore, CostX began supporting 3D/BIM models, enabling users to leverage large repositories of data to improve the accuracy of their estimates. These early innovations helped establish CostX as a leader in the construction estimation software. 

    In 2007, CostX expanded outside Australia, making its mark on the global stage. The product range was extended in 2009 with the introduction of CostXL, which seamlessly links CostX takeoff data with Microsoft Excel spreadsheets. 

    By February 2017, CostX reached the milestone of selling 10,000 licenses globally. Since then, it has won the Estimation and Valuation of the Year award at the Construction Computing Awards for five years in a row.

    In 2018, CostX Cloud was launched to align with new ways of working, offering improved access and collaboration for globally dispersed teams while reducing reliance on internal IT infrastructure.

    In 2021, CostX made significant strides toward sustainability by introducing embodied carbon measurement, allowing users to calculate the carbon impact of materials in the construction process. These innovations have strengthened CostX’s position as a leading solution for the construction industry. 

    RIB understands that every business has unique challenges and requirements. That’s why this year, the company has moved to subscription options to ensure customers have the right takeoff and estimation tools at their fingertips for added flexibility. These products, namely CostX Quantify, CostX Core, and CostX Complete, offer varying functionalities to suit any business’s needs, from focusing solely on takeoff (providing robust measurement and quantification features) through to delivering the full suite of CostX capabilities (offering 2D and BIM takeoff, estimating spreadsheets, robust reports, and more in one program).

    Conclusion

    Since the release of Version 1.0 in 2004, RIB CostX has taken customers on a journey of precision, accuracy, and efficiency. Two decades of users have improved their flexibility, reduced errors, and saved time and money through the company’s award-winning takeoff and estimating.

    From Version 1.0 to Version 7.2, CostX’s journey has been guided by invaluable feedback from users. With each iteration, RIB has added features and functionalities, continuously striving to fulfil its commitment to make construction more efficient and sustainable for all.

    Tony Shaw, Product Solutions Director at RIB Software says, “From its inception twenty years ago, through the nascence of BIM, the advent of sustainability, and the emergence of AI, CostX has remained at the leading edge of technological changes across the construction industry. It has been a privilege to be a part of the team that continues to look forward and strives to exceed the demands of our customers, both present and future.”

    For more information on RIB CostX, please visit http://www.rib-software.com/en/rib-costx. 

    About RIB Software

    Driven by transformative digital technologies and trends, RIB is committed to propelling the industry forward and making engineering and construction more efficient and sustainable.

    Throughout its 60-year history, the business has expanded its global footprint to incorporate more than 550,000 users and 2,600 talents, with the vision of transforming the operation into a worldwide powerhouse and providing innovative software solutions to its core markets – while placing its people at the heart of everything it does.

    Managing the entire project lifecycle, from planning and construction, to operation and maintenance, the development of RIB’s portfolio of software solutions is driven by industry expertise, best practice and a passion to remain at the cutting edge of technology.

    Press Enquiries

    Tracy Woodland

    Marketing Director

    tracy.woodland@rib-software.com

    Attachment

    The MIL Network –

  • MIL-OSI: Nokia Corporation: Repurchase of own shares on 02.10.2024 – repurchases resumed following a temporary pause

    Source: GlobeNewswire (MIL-OSI)

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

    Nokia Corporation: Repurchase of own shares on 02.10.2024 – repurchases resumed following a temporary pause

    Espoo, Finland – As announced on 16 August 2024, Nokia’s share buybacks were paused until after the Infinera shareholders’ special meeting. The special meeting took place on 1 October 2024 as planned, and the buybacks have therefore been resumed. On 2 October 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:

    Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*
    XHEL 1,283,714 3.93
    CEUX 599,119 3.93
    BATE – –
    AQEU – –
    TQEX – –
    Total 1,882,833 3.93

    * Rounded to two decimals

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

    Total cost of transactions executed on 2 October 2024 was EUR 7,404,806. After the disclosed transactions, Nokia Corporation holds 151,369,770 treasury shares.

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

    On behalf of Nokia Corporation

    BofA Securities Europe SA

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

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

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

    Inquiries:

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

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

    Attachment

    The MIL Network –

  • MIL-OSI: PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Oct. 02, 2024 (GLOBE NEWSWIRE) — PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) declares its monthly distribution for October 2024 of $0.1025 per share, payable on November 1, 2024 to stockholders of record as of October 16, 2024. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company’s periodic report filed with the Securities and Exchange Commission.

    The Company, which operates as a regulated investment company (“RIC”), generates qualified interest income and short-term capital gains that may be exempt from U.S. withholding tax when distributed to non-U.S. stockholders. The U.S. tax law permits a RIC to report the portion of distributions paid that represents interest-related dividends as exempt from U.S. withholding tax when paid to non-U.S. stockholders with proper documentation.

    The specific tax characteristics of this distribution can be found on our website http://www.pennantpark.com.

    ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.

    PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. From time to time, the Company may also invest in equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.

    ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC

    PennantPark Investment Advisers, LLC is a leading middle market credit platform, managing $8.0 billion of investable capital, including potential leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles and Amsterdam.

    FORWARD-LOOKING STATEMENTS

    This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act and Section 21E(b)(2)(B) of the Exchange Act the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports PennantPark Floating Rate Capital Ltd. files under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.

    The information contained herein is based on current tax laws, which may change in the future. The Company cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. The information provided in this material does not constitute any specific legal, tax or accounting advice. Please consult with qualified professionals for this type of advice.

    CONTACT:
    Richard T. Allorto, Jr.
    PennantPark Floating Rate Capital Ltd.
    (212) 905-1000
    http://www.pennantpark.com

    The MIL Network –

  • MIL-OSI: QCR Holdings, Inc. to Report Third Quarter 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    MOLINE, Ill., Oct. 02, 2024 (GLOBE NEWSWIRE) — QCR Holdings, Inc. (NASDAQ: QCRH) (“QCRH” or the “Company”) announced today that its third quarter ended September 30, 2024 financial results will be released after the market closes on Wednesday, October 23, 2024. The Company will host a conference call and webcast the next day, Thursday, October 24, 2024, at 10:00 a.m. Central Time to discuss the results. Shareholders, analysts, and other interested parties are invited to join.

    Teleconference: 

    Dial-in information for the call is 888-346-9286 (international 412-317-5253). Participants should request to join the QCR Holdings, Inc. call. The event will be archived and available for replay through October 31, 2024. The replay access information is 877-344-7529 (international 412-317-0088); access code 4892655.

    Webcast: 

    A webcast of the teleconference can be accessed at the Company’s News and Events page at http://www.qcrh.com. An archived version of the webcast will be available at the same location shortly after the live event has ended.

    About QCR Holdings, Inc.

    QCR Holdings, Inc., headquartered in Moline, Illinois, is a relationship-driven, multi-bank holding company serving the Quad Cities, Cedar Rapids, Cedar Valley, Des Moines/Ankeny and Springfield communities through its wholly owned subsidiary banks. The banks provide full-service commercial and consumer banking and trust and wealth management services. Quad City Bank & Trust Company, based in Bettendorf, Iowa, commenced operations in 1994, Cedar Rapids Bank & Trust Company, based in Cedar Rapids, Iowa, commenced operations in 2001, Community State Bank, based in Ankeny, Iowa, was acquired by the Company in 2016, Springfield First Community Bank, based in Springfield, Missouri, was acquired by the Company in 2018, and Guaranty Bank, also based in Springfield, Missouri, was acquired by the Company and merged with Springfield First Community Bank in 2022, with the combined entity operating under the Guaranty Bank name. Additionally, the Company serves the Waterloo/Cedar Falls, Iowa community through Community Bank & Trust, a division of Cedar Rapids Bank & Trust Company. The Company has 36 locations in Iowa, Missouri, Wisconsin and Illinois. As of June 30, 2024, the Company had $8.9 billion in assets, $6.9 billion in loans and $6.8 billion in deposits. For additional information, please visit the Company’s website at http://www.qcrh.com.

    Contacts:

    Todd A. Gipple                                        
    President                                        
    Chief Financial Officer                                
    (309) 743-7745                                        
    tgipple@qcrh.com                                

    The MIL Network –

  • MIL-OSI: Apollo to Provide €1 Billion Capital Solution to Vonovia in Third Transaction

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that it has entered into an agreement for Apollo affiliates and other long term investors to provide c. €1 billion to acquire a minority stake in one of Vonovia’s affiliates. This commitment follows two previous €1 billion transactions between Vonovia and Apollo in 2023, related to Vonovia’s real estate portfolios in Southwest Germany and Northern Germany. The latest agreement brings Apollo affiliates and funds total arranged commitments to Vonovia entities to €3 billion.

    Apollo Partner Jamshid Ehsani said, “Apollo is very pleased to further expand our partnership with Vonovia and assist Germany’s largest residential real estate company in reaching its strategic objectives. It is yet another example of Apollo’s ability to commit its capital resources and provide bespoke, scaled solutions to our closest corporate relationships around the world. This investment marks our third transaction with Vonovia and underscores Apollo’s role as an ongoing trusted partner to some of the largest global corporations.”

    Since 2020, under its High Grade Capital Solutions strategy Apollo has originated nearly $100 billion of bespoke capital solutions for leading companies such as Intel, Sony, Air France, AB InBev and more. Apollo believes it is uniquely positioned to serve the needs of large high quality corporates and retirement services companies, given the firm’s structuring, investment and syndication capabilities and scaled capital base.

    Latham & Watkins LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP are serving as legal counsel to Apollo, while Apollo Capital Solution is providing structuring and syndication services in connection with the transaction. Deutsche Bank is acting as exclusive financial advisor to Vonovia, and Freshfields Bruckhaus Deringer is serving as legal counsel to Vonovia.

    About Apollo

    Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2024, Apollo had approximately $696 billion of assets under management. To learn more, please visit http://www.apollo.com.

    Apollo Contacts

    Noah Gunn
    Global Head of Investor Relations
    Apollo Global Management, Inc.
    (212) 822-0540
    IR@apollo.com

    Joanna Rose
    Global Head of Corporate Communications
    Apollo Global Management, Inc.
    (212) 822-0491
    Communications@apollo.com

    The MIL Network –

  • MIL-OSI: PennantPark Investment Corporation Announces Monthly Distribution of $0.08 per Share

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Oct. 02, 2024 (GLOBE NEWSWIRE) — PennantPark Investment Corporation (the “Company”) (NYSE: PNNT) declares its monthly distribution for October 2024 of $0.08 per share, payable on November 1, 2024 to stockholders of record as of October 16, 2024. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company’s periodic report filed with the Securities and Exchange Commission.

    ABOUT PENNANTPARK INVESTMENT CORPORATION

    PennantPark Investment Corporation is a business development company which primarily invests in U.S. middle-market private companies in the form of first lien secured debt, second lien secured debt, subordinated debt and equity investments. PennantPark Investment Corporation is managed by PennantPark Investment Advisers, LLC.

    ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC

    PennantPark Investment Advisers, LLC is a leading middle market credit platform, managing $8.0 billion of investable capital, including available leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles and Amsterdam.

    FORWARD-LOOKING STATEMENTS

    This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act and Section 21E(b)(2)(B) of the Exchange Act the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports PennantPark Investment Corporation files under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Investment Corporation undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.

    CONTACT:
    Richard T. Allorto, Jr.
    PennantPark Investment Corporation
    (212) 905-1000
    http://www.pennantpark.com

    The MIL Network –

  • MIL-OSI: Mulvihill Premium Yield Fund Declares Monthly Fund Distribution for Its ETF Class

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 02, 2024 (GLOBE NEWSWIRE) — (TSX: MPY) Mulvihill Premium Yield Fund has declared a monthly cash distribution for its ETF Class in the amount of $0.05417 per unit, payable on November 7, 2024 to unitholders of record on October 31, 2024.

    For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at info@mulvihill.com or visit http://www.mulvihill.com.

    John Germain, Senior Vice-President & CFO       Mulvihill Capital Management Inc.
    121 King Street West
    Suite 2600
    Toronto, Ontario, M5H 3T9
         

    Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    The MIL Network –

  • MIL-OSI: MidCap Financial Investment Corporation Schedules Earnings Release and Conference Call for Quarter Ended September 30, 2024

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) — MidCap Financial Investment Corporation (NASDAQ: MFIC) (the “Company”) announced today that it will report results for the quarter ended September 30, 2024, prior to the opening of the Nasdaq Global Select Market on Thursday, November 7, 2024.

    The Company will also host a conference call on Thursday, November 7, 2024, at 8:30 a.m. Eastern Time. All interested parties are welcome to participate in the conference call by dialing (800) 343-4136 approximately 5-10 minutes prior to the call; international callers should dial (203) 518-9843. Participants should reference either MidCap Financial Investment Corporation Earnings or Conference ID: MFIC1107 when prompted. A simultaneous webcast of the conference call will be available to the public on a listen-only basis and can be accessed through the Events Calendar in the Shareholders section of our website at http://www.midcapfinancialic.com. Following the call, you may access a replay of the event either telephonically or via audio webcast. The telephonic replay will be available approximately two hours after the live call and through November 28, 2024, by dialing (800) 839-6911; international callers should dial (402) 220-6059. A replay of the audio webcast will also be available later that same day. To access the audio webcast please visit the Events Calendar in the Shareholders section of our website at http://www.midcapfinancialic.com.

    About MidCap Financial Investment Corporation

    MidCap Financial Investment Corporation (NASDAQ: MFIC) is a closed-end, externally managed, diversified management investment company that has elected to be treated as a business development company (“BDC”) under the Investment Company Act of 1940 (the “1940 Act”). For tax purposes, the Company has elected to be treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Company is externally managed by Apollo Investment Management, L.P., an affiliate of Apollo Global Management, Inc. and its consolidated subsidiaries, a high-growth global alternative asset manager. The Company’s investment objective is to generate current income and, to a lesser extent, long-term capital appreciation. The Company primarily invests in directly originated and privately negotiated first lien senior secured loans to privately held U.S. middle-market companies, which the Company generally defines as companies with less than $75 million in EBITDA, as may be adjusted for market disruptions, mergers and acquisitions-related charges and synergies, and other items. To a lesser extent, the Company may invest in other types of securities including, first lien unitranche, second lien senior secured, unsecured, subordinated, and mezzanine loans, and equities in both private and public middle market companies. For more information, please visit http://www.midcapfinancialic.com.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties, including, but not limited to, statements as to our future operating results; our business prospects and the prospects of our portfolio companies; the impact of investments that we expect to make; our contractual arrangements and relationships with third parties; the dependence of our future success on the general economy and its impact on the industries in which we invest; the ability of our portfolio companies to achieve their objectives; our expected financings and investments; the adequacy of our cash resources and working capital; and the timing of cash flows, if any, from the operations of our portfolio companies.

    We may use words such as “anticipates,” “believes,” “expects,” “intends,” “will,” “should,” “may” and similar expressions to identify forward-looking statements. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations. Statements regarding the following subjects, among others, may be forward-looking: the return on equity; the yield on investments; the ability to borrow to finance assets; new strategic initiatives; the ability to reposition the investment portfolio; the market outlook; future investment activity; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. Undue reliance should not be placed on such forward-looking statements as such statements speak only as of the date on which they are made. We do not undertake to update our forward-looking statements unless required by law.

    Contact

    Elizabeth Besen
    Investor Relations Manager
    MidCap Financial Investment Corporation
    (212) 822-0625
    ebesen@apollo.com

    The MIL Network –

  • MIL-OSI: Premium Income Corporation Announces Quarterly Distribution

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 02, 2024 (GLOBE NEWSWIRE) — (TSX: PIC.A; PIC.PR.A) Premium Income Corporation has declared quarterly distributions payable on October 31, 2024 to shareholders of record on October 15, 2024 in the following amounts per share:

    Share Class Ticker Amount Per Share
    Class A Shares PIC.A $0.20319
    Preferred Shares PIC.PR.A $0.215625
         

    To the extent that any portion of the distributions are ordinary taxable dividends and not capital gains dividends, they will be eligible dividends.

    For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at info@mulvihill.com or visit http://www.mulvihill.com

       
    John Germain, Senior Vice-President & CFO Mulvihill Capital Management Inc.
    121 King Street West
    Suite 2600
    Toronto, Ontario, M5H 3T9
       

    Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    The MIL Network –

  • MIL-OSI: Premium Global Income Split Corp. Declares Monthly Distribution

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 02, 2024 (GLOBE NEWSWIRE) — (TSX: PGIC; PGIC.PR.A) Premium Global Income Split Corp. has declared monthly distributions payable on October 31, 2024 to shareholders of record on October 15, 2024 in the following amounts per share:

    Share Class Ticker Amount Per Share
    Class A Shares PGIC $0.08000
    Preferred Shares PGIC.PR.A $0.06250
         

    To the extent that any portions of the distributions are ordinary taxable dividends and not capital gain dividends, they are eligible dividends.

    For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at info@mulvihill.com or visit http://www.mulvihill.com.

    John Germain, Senior Vice-President & CFO Mulvihill Capital Management Inc.
    121 King Street West Suite 2600
    Toronto, Ontario M5H 3T9
       

    Commissions, trailing commissions, management fees and expenses all may be associated with investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    The MIL Network –

  • MIL-OSI: Mulvihill U.S. Health Care Enhanced Yield ETF Declares Monthly Distribution

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 02, 2024 (GLOBE NEWSWIRE) — (TSX: XLVE) Mulvihill U.S. Health Care Enhanced Yield ETF has declared a monthly cash distribution in the amount of $0.058333 per unit, payable on November 7, 2024 to unitholders of record on October 31, 2024.

    For further information, please contact Investor Relations at 416.681.3966, toll free at 1.800.725.7172, email at info@mulvihill.com or visit http://www.mulvihill.com.

    John Germain, Senior VP & CFO Mulvihill Capital Management Inc.
      121 King Street West
      Suite 2600
      Toronto, Ontario, M5H 3T9
       

    Commissions, trailing commissions, management fees and expenses all may be associated with exchange traded funds (ETFs). Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated. There are risks involved with investing in ETFs. Please read the prospectus for a complete description of risks relevant to ETFs. Investors may incur customary brokerage commissions in buying or selling ETFs.

    The MIL Network –

  • MIL-OSI: Precision Drilling Corporation 2024 Third Quarter Results Conference Call and Webcast

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Oct. 02, 2024 (GLOBE NEWSWIRE) — Precision Drilling Corporation (Precision) intends to release its 2024 third quarter results after the market closes on Tuesday, October 29, 2024, and has scheduled a conference call to begin at 11:00 a.m. MT (1:00 p.m. ET) on the next day, Wednesday, October 30, 2024.

    To participate in the conference call please register at the URL link below. Once registered, you will receive a dial-in number and a unique PIN, which will allow you to ask questions.

    https://register.vevent.com/register/BI4cb3a3db88084e66ad528ebb2bdb81e4

    The call will also be webcast and can be accessed through the link below. A replay of the webcast call will be available on Precision’s website for 12 months.

    https://edge.media-server.com/mmc/p/mov2xb4k

    About Precision

    Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha™ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen™ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations. Additionally, Precision offers well service rigs, camps and rental equipment all backed by a comprehensive mix of technical support services and skilled, experienced personnel.

    Precision is headquartered in Calgary, Alberta, Canada and is listed on the Toronto Stock Exchange under the trading symbol “PD” and on the New York Stock Exchange under the trading symbol “PDS”.

    Additional Information

    For more information about Precision, please visit our website at http://www.precisiondrilling.com or contact:

    Lavonne Zdunich, CPA, CA
    Vice President, Investor Relations
    403.716.4500

    800, 525 – 8th Avenue S.W.
    Calgary, Alberta, Canada T2P 1G1
    Website: http://www.precisiondrilling.com

    The MIL Network –

  • MIL-OSI: Business First Bancshares, Inc. Announces Third Quarter 2024 Earnings Release Date and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    BATON ROUGE, La., Oct. 02, 2024 (GLOBE NEWSWIRE) — Business First Bancshares, Inc. (Nasdaq: BFST), the parent company of b1BANK, announced that it is scheduled to release third quarter 2024 earnings after market close on Thursday, Oct. 24, 2024. Executive management will host a conference call and webcast to discuss results on the same day (Thursday, Oct. 24, 2024) at 4:00 p.m. CDT.

    Interested parties may attend the call by dialing toll-free 1-800-715-9871 (North America only), conference ID 5274174, or asking for the Business First Bancshares, Inc. conference call.

    The live webcast can be found at https://edge.media-server.com/mmc/p/a2ui6eo8. On the day of the presentation, the corresponding slide presentation will be available to view on the b1BANK website at https://www.b1bank.com/shareholder-info.

    About Business First Bancshares, Inc.

    As of June 30, 2024, Business First Bancshares, Inc., (Nasdaq: BFST) through its banking subsidiary b1BANK, had approximately $7.6 billion in assets, $6.1 billion in assets under management through b1BANK’s affiliate Smith Shellnut Wilson, LLC (SSW) (excludes $0.9 billion of b1BANK assets managed by SSW) and operates Banking Centers and Loan Production Offices in markets across Louisiana and the Dallas and Houston, Texas areas, providing commercial and personal banking products and services. Commercial banking services include commercial loans and letters of credit, working capital lines and equipment financing, and treasury management services. b1BANK was awarded #1 Best-In-State Bank, Louisiana, by Forbes and Statista, and is a multiyear winner of American Banker’s “Best Banks to Work For.” Visit b1BANK.com for more information.

    Misty Albrecht
    b1BANK
    225.286.7879
    Misty.Albrecht@b1BANK.com

    The MIL Network –

  • MIL-OSI: Heritage Commerce Corp and Heritage Bank of Commerce Announce Appointment of New Chief Operating Officer Thomas A. Sa

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., Oct. 02, 2024 (GLOBE NEWSWIRE) — Heritage Commerce Corp (NASDAQ: HTBK) (“Company”), parent company of Heritage Bank of Commerce (“Bank”), today announced the appointment of Thomas A. Sa as the Chief Operating Officer (“COO”) of the Company and the Bank. As COO, Mr. Sa will report directly to Chief Executive Officer (“CEO”) Robertson “Clay” Jones and will have primary responsibility for banking operations, risk management, and information technology systems. Mr. Sa had previously served as President, Chief Operating Officer and Chief Financial Officer of California BanCorp and its subsidiary, California Bank of Commerce, which merged with Southern California Bancorp in July 2024. Mr. Sa has more than thirty years’ experience in a variety of increasingly responsible positions in California-based community and regional banks.

    “We are delighted to have Tom bring his immense talent and experience to Heritage Commerce Corp and Heritage Bank of Commerce,” said CEO Clay Jones. “We’re confident that Tom will play a pivotal role in our drive to be the community business bank of choice throughout our market areas. His personality and dedication to community business banking and demonstrated leadership ability position him well to lead our talented, motivated team.”

    Mr. Jones continued, “Tom’s diverse experience includes guiding strategy and oversight of business execution in addition to extensive knowledge of bank operations, lending, risk management, compliance, and finance, and we are confident that his skillset will allow us to continue our trend of consistent, profitable growth while managing today’s challenging environment.”

    Mr. Sa likewise expressed his enthusiasm for the Company and the Bank. “It’s rare to find such a tremendous blend of talent and commitment among such a small, close-knit team,” said Mr. Sa. “I’m looking forward to joining the Company and the Bank and I’m confident we are well-positioned to grow and improve investor returns, prudently manage the Bank’s assets, and promote compliance with an ever more complex system of laws and regulations that govern our business.”

    Heritage Commerce Corp, a bank holding company established in October 1997, is the parent company of Heritage Bank of Commerce, established in 1994 and headquartered in San Jose, CA with full-service branches in Danville, Fremont, Gilroy, Hollister, Livermore, Los Altos, Los Gatos, Morgan Hill, Oakland, Palo Alto, Pleasanton, Redwood City, San Francisco, San Jose, San Mateo, San Rafael, and Walnut Creek. Heritage Bank of Commerce is an SBA Preferred Lender. Bay View Funding, a subsidiary of Heritage Bank of Commerce, is based in San Jose, CA and provides business-essential working capital factoring financing to various industries throughout the United States. For more information, please visit http://www.heritagecommercecorp.com.

    Member FDIC

    For additional information, contact:
    Debbie Reuter
    EVP, Corporate Secretary
    Direct: (408) 494-4542
    Debbie.Reuter@herbank.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1ee41931-2d17-41c8-9d30-b33cef4ebe7e

    The MIL Network –

  • MIL-OSI: Plains All American Pipeline and Plains GP Holdings Announce Quarterly Distributions and Timing of Third Quarter 2024 Earnings

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Oct. 02, 2024 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today announced their quarterly distributions with respect to the third quarter of 2024 and also announced timing of third quarter 2024 earnings.

    Third Quarter Distribution Declaration 

    PAA and PAGP announced the following quarterly cash distributions:

    • PAA Common Units – $0.3175 per Common Unit ($1.27 per unit on an annualized basis), which is unchanged from the distribution paid in August 2024.
    • PAGP Class A Shares – $0.3175 per Class A Share ($1.27 per Class A Share on an annualized basis), which is unchanged from the distribution paid in August 2024.
    • PAA Series A Preferred Units – $0.61524 per Series A Preferred Unit (approximately $2.46 per unit on an annualized basis).
    • PAA Series B Preferred Units – $24.25 per Series B Preferred Unit (based on the applicable quarterly floating rate).

    The distributions on the PAA Common Units, PAGP Class A Shares and PAA Series A Preferred Units are payable on November 14, 2024 to holders of each respective security as of October 31, 2024. The distribution on the PAA Series B Preferred Units is payable on November 15, 2024 to holders of such security as of November 1, 2024.

    Although equity holders should consult their own tax advisor regarding their particular circumstances, the PAGP cash distribution per Class A Share is expected to be a non-taxable return of capital to the extent of a Class A Shareholder’s tax basis in each PAGP Class A Share and a reduction in such tax basis. In addition, to the extent any cash distribution exceeds a Class A Shareholder’s tax basis, it should be taxable as a capital gain. Qualified Notices under Treasury Regulation Section 1.1446 with respect to the PAA Common Unit distribution and PAA Series B Preferred Unit distribution will be posted on the Plains website under “Investor Relations – Tax Information.”

    Third Quarter 2024 Earnings Timing

    PAA and PAGP also announced that they will release third quarter 2024 earnings before market open on Friday, November 8, 2024. Following the announcement, PAA and PAGP will host a conference call at 9:00 a.m. CT (10 a.m. ET) with analysts and investors to discuss earnings. The call will be webcast live on the internet and may be accessed through the “Investors Relations” section of the website at http://www.plains.com. An audio replay will be available on the website after the call.

    PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil and natural gas liquids (NGL). PAA owns an extensive network of pipeline gathering and transportation systems, in addition to terminalling, storage, processing, fractionation and other infrastructure assets serving key producing basins, transportation corridors and major market hubs and export outlets in the United States and Canada. On average, PAA handles approximately eight million barrels per day of crude oil and NGL.

    PAGP is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America.

    PAA and PAGP are headquartered in Houston, Texas. More information is available at http://www.plains.com.

    Investor Relations Contacts:        

    Blake Fernandez
    Michael Gladstein
    (866) 809-1291

    The MIL Network –

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

    Source: GlobeNewswire (MIL-OSI)

    KALISPELL, Mont., Oct. 02, 2024 (GLOBE NEWSWIRE) — Glacier Bancorp, Inc. (NYSE: GBCI) will report third quarter financial results after the market closes on October 24, 2024. A conference call for investors is scheduled for 11:00 a.m. Eastern Time on Friday, October 25, 2024.

    Please note that our conference call host no longer offers a general dial-in number.

    Investors who would like to join the call may now register by following this link to obtain dial-in instructions: https://register.vevent.com/register/BI32ee03ea65c34bd794e0027768d383d4

    To participate via the webcast, log on to: https://edge.media-server.com/mmc/p/9bh88vfv

    If you are unable to participate during the live webcast, the call will be archived on our website, http://www.glacierbancorp.com.

    Glacier Bancorp, Inc. is the parent company for Glacier Bank and its bank divisions: Altabank (American Fork, UT) Bank of the San Juans (Durango, CO), Citizens Community Bank (Pocatello, ID), Collegiate Peaks Bank (Buena Vista, CO), First Bank of Montana (Lewistown, MT), First Bank of Wyoming (Powell, WY), First Community Bank Utah (Layton, UT), First Security Bank (Bozeman, MT), First Security Bank of Missoula (Missoula, MT), First State Bank (Wheatland, WY), Glacier Bank (Kalispell, MT), Heritage Bank of Nevada (Reno, NV), Mountain West Bank (Coeur d’Alene, ID), The Foothills Bank (Yuma, AZ), Valley Bank (Helena, MT), Western Security Bank (Billings, MT), and Wheatland Bank (Spokane, WA).

    Randall M. Chesler, CEO
    (406) 751-4722

    Ron J. Copher, CFO
    (406) 751-7706

    The MIL Network –

  • MIL-OSI: BigCommerce Appoints Travis Hess as CEO

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, Oct. 02, 2024 (GLOBE NEWSWIRE) — BigCommerce Holdings, Inc. (“BigCommerce”) (Nasdaq: BIGC), an open SaaS, composable ecommerce platform for fast-growing and established B2C and B2B brands and retailers, today announced the appointment of Travis Hess as CEO. Brent Bellm will no longer serve as CEO of the Company or as Chairman of the Board. The Board elected Hess as a director of the Company, to fill the vacancy created by Bellm’s departure. Current board member Ellen Siminoff will assume the role of Executive Chair of the Board, effective immediately.

    Hess has a proven track record of helping businesses drive top-line growth and profitability. He joined BigCommerce as President in May 2024 and previously held senior leadership roles at leading global commerce agencies and consultancies such as Accenture where he led the firm’s direct-to-consumer commerce offering and go-to-market strategy. While at Accenture, Travis also managed Accenture’s Shopify partnership globally. He has served on partner advisory boards for Shopify, Klaviyo, SAP/Hybris, and Rackspace and was recognized as one the 30 Most Influential in Ecommerce by Signifyd in 2022.

    Prior to his time at Accenture, Hess was the executive vice president at The Stable, a leading omnichannel commerce agency that was acquired by Accenture, as well as the chief commercial officer and then chief executive officer of BVA, one of the most recognized global DTC and Shopify agencies, which was acquired by The Stable in December 2021.

    Travis is now responsible for leading BigCommerce’s global operations and for the overall success and growth of the business.

    “It’s been an amazing journey at the helm of BigCommerce, and I’m incredibly proud of everything that we have accomplished as a company over the past nine plus years,” said Brent Bellm. “There is a tremendous opportunity ahead for BigCommerce, and Travis is the perfect leader to take the company through its next phase of growth. I look forward to helping the team as we make this transition.”

    “Brent has been a critical part of BigCommerce’s success and we are forever grateful for his leadership and all that he has done to push the company to where it is today,” said Ellen Siminoff. “The market has evolved tremendously over the past decade, and under Travis’ leadership, we are perfectly positioned to stay a step ahead of the competition and continuously drive value for our vast and growing customer base.”

    “Brent and the entire BigCommerce team have done an incredible job building the business for nearly a decade, and I am honored to take on this new role at one of the most exciting companies in ecommerce today,” said Travis Hess. “At BigCommerce, we have an incredible base of customers, employees and partners coupled with a robust and differentiating suite of capabilities. The opportunity ahead of us is huge and nothing short of exciting. I look forward to working side-by-side with our team to help our customers get the most out of our offerings, and bring our business through its next phase of growth.”

    As part of today’s release, BigCommerce reaffirms its financial guidance for the third quarter of fiscal 2024 as previously provided on August 1, 2024.

    About BigCommerce

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

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “outlook,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,”“potential,” “strategy, “target,” “explore,” “continue,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. These statements may relate to our market size and growth strategy, our estimated and projected costs, margins, revenue, expenditures and customer and financial growth rates, our financial outlook, our plans and objectives for future operations, growth, initiatives or strategies. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the forward-looking statements. These assumptions, uncertainties and risks include that, among others, our business would be harmed by any decline in new customers, renewals or upgrades, our limited operating history makes it difficult to evaluate our prospects and future results of operations, we operate in competitive markets, we may not be able to sustain our revenue growth rate in the future, our business would be harmed by any significant interruptions, delays or outages in services from our platform or certain social media platforms, and a cybersecurity-related attack, significant data breach or disruption of the information technology systems or networks could negatively affect our business. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our filings with the Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2023 and the future quarterly and current reports that we file with the SEC. Forward-looking statements speak only as of the date the statements are made and are based on information available to BigCommerce at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. BigCommerce assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.

    Media Relations Contact
    BigCommerceICRPR@icrinc.com  

    The MIL Network –

  • MIL-OSI: Range Announces Conference Call to Discuss Third Quarter 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    FORT WORTH, Texas, Oct. 02, 2024 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that its third quarter 2024 financial results news release will be issued Tuesday, October 22 after the close of trading on the New York Stock Exchange.

    A conference call to review the financial results is scheduled on Wednesday, October 23 at 9:00 a.m. ET (8:00 a.m. CT). A webcast of the call may be accessed at http://www.rangeresources.com. The webcast will be archived for replay on the Company’s website until November 22, 2024.

    RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading U.S. independent natural gas and NGL producer with operations focused in the Appalachian Basin. The Company is headquartered in Fort Worth, Texas. More information about Range can be found at http://www.rangeresources.com.

    SOURCE: Range Resources Corporation

    Range Investor Contacts:

    Laith Sando, Vice President – Investor Relations
    817-869-4267
    lsando@rangeresources.com

    The MIL Network –

  • MIL-OSI: Enhanced Community Development Awarded $65 Million in New Markets Tax Credits

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 02, 2024 (GLOBE NEWSWIRE) — P10, Inc. (NYSE: PX), a leading private markets solutions provider, today announced Enhanced Community Development, a part of P10 subsidiary Enhanced Capital Group LLC, was awarded a $65 million allocation from the New Markets Tax Credits (NMTC) program administered by the U.S. Treasury Department’s Community Development Financial Institutions Fund. Under the program, the U.S. Treasury Department allocated a total of $5 billion to 104 Community Development Entities for the 2023 round.

    “Enhanced Community Development is continuing to meet the needs of underserved communities around the country,” said Luke Sarsfield, P10 Chairman and Chief Executive Officer. “Enhanced Capital’s team brings a mission-driven focus to their investments, providing financing solutions that generate positive social outcomes in the lower-middle market. This federal NMTC allocation further strengthens their ability to create opportunities that have a lasting impact.”

    Enhanced Community Development has deployed $750 million in federal and state NMTC investments across the United States, supporting over 130 projects and fostering economic activity in low-income communities. Previous NMTC-funded projects include manufacturing companies, healthcare facilities, educational institutions, and community centers that serve the needs of economically disadvantaged populations.

    “We are incredibly honored to receive this $65 million allocation, which enables us to significantly increase the impact on the communities that need it most,” said Richard Montgomery, Managing Partner at Enhanced Capital. “The New Markets Tax Credit program is a powerful tool for creating meaningful change in areas often overlooked by many investors and traditional sources of capital.”

    The NMTC program, created by Congress in 2000, is designed to drive economic revitalization in underserved communities by attracting private capital investment through federal tax credit incentives. The program has facilitated the deployment of more than $63 billion in low-income communities across the U.S., resulting in the creation or retention of over 894,000 jobs and the construction or rehabilitation of nearly 260 million square feet of commercial real estate.1

    For more information on Enhanced Community Development and its work in revitalizing underserved communities, please visit http://www.enhancedcapital.com.

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

    About Enhanced Community Development:
    Enhanced Community Development (ECD), a subsidiary of Enhanced Capital, is a federally designated Community Development Entity focused on the financing needs of businesses and developments located in or serving low-income communities. ECD proudly participates in the federal New Markets Tax Credit (NMTC) Program and a variety of state NMTC Programs. ECD is an Equal Opportunity Provider. Since 2006, ECD has deployed $750 million in federal and state NMTC allocation to job-creating businesses and organizations in economically distressed communities.

    About Enhanced Capital:
    Enhanced Capital Group, LLC is a leading impact investment firm with over 24 years of experience investing in Climate Finance, Impact Real Estate, and Small Business Lending. From inception in 1999 through June 30th, 2024, inclusive of proprietary assets and assets managed by affiliates, Enhanced Capital has raised a total of $6.0 billion. Of the total assets under management, impact assets represent $3.8 billion invested in over 950 projects and businesses throughout 40 states, Washington DC, and Puerto Rico and does not include investments made by non-impact affiliates.

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

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

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

    Disclaimer:
    Enhanced Capital Group, LLC, and its affiliates, is an Equal Opportunity Provider. The information presented is for discussion purposes only and is neither an offer to sell nor a solicitation of any offer to buy any securities, investment product, or investment advisory services. This is not an offering or the solicitation of an offer to purchase an interest in a fund.

    P10 Investor Contact:
    info@p10alts.com

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

    1 “The U.S. Department of the Treasury Announces $5 Billion in New Markets Tax Credits,” Department of the Treasury, September 19, 2024. https://www.cdfifund.gov/news/603

    The MIL Network –

  • MIL-OSI: Silynxcom Announces Results for First Half of 2024; Significant Revenue Growth and Improvement in Gross Margin

    Source: GlobeNewswire (MIL-OSI)

    NETANYA, Israel, Oct. 02, 2024 (GLOBE NEWSWIRE) — Silynxcom Ltd. (NYSE American: SYNX) (“Silynxcom” or the “Company”), a manufacturer and developer of ruggedized tactical communication headset devices as well as other communication accessories, reported its consolidated financial results as of and for the six months ended June 30, 2024.

    Key Financial Highlights for the First Half of 2024:

    • Revenues – for the six months ended June 30, 2024 were $5,356 thousand, an increase of 73% from the equivalent period in 2023.
    • Gross profit – for the six months ended June 30, 2024 was $2,650 thousand, an increase of 121% from the equivalent period in 2023.
    • Gross margin for the six months ended June 30, 2024 was 49.47%, compared to 38.59% in the equivalent period in 2023.
    • Cash and Cash Equivalents – On January 17, 2024, Silynxcom successfully completed its initial public offering (the “IPO”), raising $5 million in gross proceeds by issuing 1.25 million ordinary shares, adding to a cash and cash equivalents and marketable securities balance of $3,659 thousand as of June 30, 2024, up from $568 thousand as of December 31, 2023, demonstrating strong liquidity to support ongoing investments and operations.
    • Operating profit – Operating profit was $267 thousand for the six months ended June 30, 2024, compared to an operating loss of $2,328 thousand for the equivalent period in 2023, reflecting a decrease in share-based compensation expenses. Non-IFRS operating profit amounted to $695 thousand for the six months ended June 30, 2024, representing an increase of more than 46% compared to $476 thousand for the equivalent period in 2023. A reconciliation between operating profit (loss) and non-IFRS operating profit (loss) is provided in Appendix A of this press release.
    • Net loss – Net loss was $696 thousand for the six months ended June 30, 2024, including $879 thousand in listing expenses, compared to a net loss of $2,326 thousand for the equivalent period in 2023. Non-IFRS net income for the six months ended June 30, 2024 totaled $611 thousand, representing an increase of more than 27% compared to $478 thousand for the equivalent period in 2023. A reconciliation between net income (loss) and non-IFRS net income is provided in Appendix A of this press release.

    “The first half of 2024 was a period of business expansion, growth and strategic investment for Silynxcom, as highlighted by our public listing on the NYSE American following a successful IPO in January 2024,” said Nir Klein, Chief Executive Officer of Silynxcom. “Our revenue increased during the first half of 2024 and we became cashflow positive, which we believe underscores our successful market expansion and enhanced financial stability.”

    “In 2023, we laid the foundation for new and advanced products and increased compatibility for leading systems in our target markets. In addition, we forged new relationships with key players in the global defense and law enforcement sectors, which have already led to purchase orders in 2024,” added Mr. Klein.

    Recent Corporate Highlights:

    • In April 2024, the Company announced the strengthening of its collaboration with 3M PELTOR to deliver next generation headset solutions.
    • The Company expanded sales in the Asia Pacific region.
    • Since October 2023, the Company has secured orders amounting to $4.85 million from the Israel Defense Forces and Israeli police forces.
    • In February 2024, the Company announced a third order from a leading global defense firm, bringing its total orders from this client to over $4.5 million.
    • The Company received its first order for the newly designed in-ear headset with an encrypted security system intended for use by law enforcement.
    • In March 2024, the Company launched a new system for law enforcement, compatible with commonly used terrestrial trunked radio and P25 systems.

    Use of Non-IFRS Financial Results

    In addition to disclosing financial results calculated in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board, this press release contains certain financial measures that are not prepared under IFRS.  These measures may be different from non-IFRS financial measures used by other companies. The Company defines non-IFRS operating profit (loss) as operating profit (loss) excluding the effect of share-based compensation expenses. The Company defines non-IFRS net income as net income (loss) excluding the effect of share-based compensation expenses and listing expenses. The Company’s management believes the non-IFRS financial information provided in this press release is useful to investors’ understanding and assessment of the Company’s ongoing operations because it provides management and investors with measurements of the Company’s operations and profitability excluding the impact of share-based compensation, an item that the Company does not consider to be indicative of its core operating performance, and listing expenses that are non-recurring and expensed in connection with the Company’s IPO. Management also uses both IFRS and non-IFRS information in evaluating and operating business internally and as such deemed it important to provide all this information to investors. The non-IFRS financial measures disclosed by the Company should not be considered in isolation or as a substitute for, or superior to, financial measures calculated in accordance with IFRS and the financial results calculated in accordance with IFRS and reconciliations to those financial statements should be carefully evaluated. Reconciliations between IFRS measures and non-IFRS measures are provided in Appendix A to this press release.

    About Silynxcom Ltd.

    For over a decade, the Company been developing, manufacturing, marketing, and selling ruggedized tactical communication headset devices as well as other communication accessories, all of which have been field-tested and combat-proven. The Company’s in-ear headset devices, or In-Ear Headsets, are used in combat, the battlefield, riot control, demonstrations and weapons training courses. The In-Ear Headsets seamlessly integrate with third party manufacturers of professional-grade ruggedized radios that are used by soldiers in combat or by police officers. The Company’s In-Ear Headsets also fit tightly into the protective gear to enable users to speak and hear clearly and precisely while they are protected from the hazardous sounds of combat, riots or dangerous situations. The sleek, lightweight, In-Ear Headsets include active sound protection to eliminate unsafe sounds, while maintaining ambient environmental awareness, giving their customers 360° situational awareness. The Company works closely with its customers and seek to improve the functionality and quality of the Company’s products based on actual feedback from soldiers and police officers “in the field.” The Company’s headset devices are compatible and easily integrate with various communication equipment devices currently being used by tens of thousands of military and law enforcement personnel in leading military and law enforcement units around the globe. The Company sells its In-Ear Headsets and communication accessories directly to military forces, police and other law enforcement units around the world. The Company also deals with specialized networks of local distributors in each locale in which it operates and has developed key strategic partnerships with radio equipment manufacturers.

    Forward Looking Statements

    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws and are subject to substantial risks and uncertainties. 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. For example, the Company uses forward-looking statements when it discusses its belief that its revenue increase and cashflow positive status underscores the Company’s successful market expansion and enhanced financial stability. Forward-looking statements are based on Silynxcom’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. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report for the year ended December 31, 2023, filed with the SEC on April 30, 2024. Forward-looking statements contained in this announcement are made as of the date of this press release and Silynxcom undertakes no duty to update such information except as required under applicable law.

    Investor Relations Contact:
    Silynxcom Ltd.
    ir@silynxcom.com

     
    Silynxcom Ltd.

    Consolidated Statements of Financial Position
    U.S dollars in thousands
     
            June 30, December 31,  
            2024     2023  
    Current assets                    
    Cash and cash equivalents         668       568  
    Marketable securities         2,991       –  
    Deposits with banking corporations         39       29  
    Trade receivables, net         2,060       2,452  
    Other current assets         347       430  
    Inventory         2,577       2,482  
              8,682       5,961  
                         
    Non-current assets                    
    Property, plant & equipment, net         114       94  
    Long-term deposits         66       16  
    Right of use assets         64       95  
              244       205  
                         
    Total assets         8,926       6,166  
                     
    Current liabilities                
    Current maturities of loans from banking corporations         60       73  
    Lease liabilities – current         49       60  
    Loans from related parties         11       43  
    Trade payable         947       1,315  
    Warrants at fair value         –       165  
    SAFE         –       409  
    Other accounts payables         1,053       1,791  
              2,120       3,856  
                         
    Non-current liabilities                    
    Loans from banking corporations         –       26  
    Commitment to issue shares         148       –  
    Lease liabilities         13       33  
    Liabilities for employee benefits, net         29       30  
              190       89  
                         
    Shareholders’ equity                    
    Share capital         –       52  
    Premium and other capital reserves         26,043       20,900  
    Capital reserve for transactions with controlling shareholders         1,542       1,542  
    Accumulated loss         (20,969 )     (20,273 )
              6,616       2,221  
                         
    Total liabilities and shareholders’ equity         8,926       6,166  
                         
     
    Silynxcom Ltd.

    Consolidated Statements of Comprehensive Loss
    U.S dollars in thousands
     
          For the six month period
    ended June 30    		  
          2024     2023  
                   
    Revenue     5,356     3,096  
                   
    Cost of revenue     2,706     1,901  
                   
    Gross profit     2,650     1,195  
                   
    Research and development expenses     259     569  
                   
    Selling and marketing expenses     699     1,989  
                   
    General and administrative expenses     1,425     965  
                   
    Operating profit (loss)     267     (2,328 ) 
                   
    Listing expenses     879     –  
                   
    Finance expenses     232     35  
                   
    Finance income     148     37  
                   
    Income (loss) before income tax     (696 )    (2,326 ) 
                   
    Income tax expenses     –     –  
                   
    Net income (loss)     (696 )    (2,326 )
                   
     
    Silynxcom Ltd.

    Consolidated Statements of Cash Flows
    U.S dollars in thousands
     
            For the six month
    period ended
    June 30    		  
            2024     2023  
    Cash flows from operating activities                    
    Net income (loss)         (696 )      (2,326 )
                         
    Adjustments Required to Present Cash Flows from Operating Activities                    
                         
    Income and expenses not involving cash flows                    
                         
    Depreciation and amortization         54       67  
    Increase (decrease) in liability for employee benefits, net         (1 )     (1 ) 
    Revaluation of derivatives measured at fair value through profit and loss         –       (31 ) 
    Other finance expenses                 11  
    20
    Share-based compensation         428       2,804  
              501       2,850  
    Changes in asset and liability line items:                    
                         
    Decrease (increase) in trade receivable         392       1,993  
    Decrease (increase) in other current assets         114       (227 ) 
    Decrease (increase) in inventory         (95 )     (231 )
    Increase (decrease) in trade payables         (368 )     (1,021 ) 
    Increase (decrease) in other accounts payables         (488 )     (635 ) 
              (445 )     (121 ) 
                         
    Net cash provided by (used in) operating activities         (640 )      403  
                         
    Cash flows from investing activities                    
    Increase in long-term bank deposit         (10 )     (11 )
    Increase in long-term deposit others         (50 )     –  
    Purchase of marketable securities, net         (2,961 )     –  
    Purchase of property, plant and equipment         (42 )     (4 )
                         
    Net cash used in investing activities         (3,063 )     (15 )
                         
    Cash flows from financing activities                    
    Repayment of loans from related parties         (32 )      (17 ) 
    Repayment of warrants         (165 )      –  
    Repayment of loans from banking corporations         (39 )      (40 ) 
    Repayment to former share holders         (250 )      –  
    Issuance of Ordinary Shares in the IPO, net         4,324       –  
    Repayment of lease liabilities         (33 )      (44 ) 
                         
    Net cash provided by (used in) financing activities         3,805       (101 ) 
    Exchange rate differentials for cash and cash equivalent balances         (2 )      (5 ) 
                         
    Increase (decrease) in cash and cash equivalents         100       282  
                         
    Balance of cash and cash equivalents at beginning of year         568       69  
                         
    Balance of cash and cash equivalents as at end of year         668       351  
                         
     
    Appendix A

    RECONCILIATION OF IFRS TO NON-IFRS MEASURES
    (Unaudited) U.S. dollars in thousands
     
              For the six month
    period ended June 30
    		    
              2024     2023    
                         
    IFRS Operating profit (loss)           267       (2,328 )   
                             
    Share-based compensation in Selling and marketing expenses           142       1,623    
                             
    Share-based compensation in General and administrative expenses           138       546    
                             
    Share-based compensation in Research and development expenses           84       355    
                             
    Share-based compensation in Cost of revenue           64       280    
                             
    Non-IFRS Operating profit           695       476    
                             
                             
                             
    IFRS Net income (loss)           (696 )      (2,326 )   
                             
    Listing expenses           879       –    
                             
    Share-based compensation expenses           428       2,804    
                             
    Non-IFRS Net income           611       478    

    The MIL Network –