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Category: GlobeNewswire

  • MIL-OSI: Innventure LLC and Learn CW Investment Corporation Announce Closing of Business Combination

    Source: GlobeNewswire (MIL-OSI)

    ORLANDO, Fla., Oct. 02, 2024 (GLOBE NEWSWIRE) — Innventure, Inc. (Nasdaq: INV) and Learn CW Investment Corporation (NASDAQ: LCW) (“Learn CW”), a special purpose acquisition company, today announced the completion of their previously announced business combination (“Business Combination”). The Business Combination was approved at an extraordinary general meeting of Learn CW’s shareholders on September 30, 2024. Upon the completion of the Business Combination, the combined company changed its name to Innventure, Inc. and its common stock is expected to begin trading on the Nasdaq Stock Market under the new ticker symbol “INV” beginning on October 3, 2024.

    In connection with the closing of the Business Combination, Innventure is expected to ring the Closing Bell at 4 p.m. EST on October 3, 2024 at the Nasdaq Marketsite.

    “We’re thrilled to reach this milestone, which supports our goal to found, fund and operate companies that offer transformative technology solutions,” said Bill Haskell, CEO of Innventure. “We believe becoming a public company creates a unique opportunity to offer investors access to technologies with early-stage economics and late-stage risk. I’m grateful to our partners at Learn CW for recognizing the value of our unique business model and supporting our vision to be a conglomerate of majority-owned companies. I’d also like to thank our multinational corporation partners for their engagement and collaboration, and the trust they put in us to commercialize their breakthrough technologies. We look forward to growing Innventure and maximizing shareholder value over the long term.”

    Rob Hutter, CEO of Learn CW, added, “As someone who has spent my career in venture creation, I am thrilled to help bring Innventure to the public market. I believe this public listing will further accelerate Innventure’s credibility and standing as the innovation launch partner of choice for the world’s largest companies, giving Innventure, in my opinion, the pick of the best opportunities for years to come and enabling investors to share in a remarkable stream of innovative companies that could compound over time and that are available few other places.”

    Innventure uses operational expertise to take what it believes to be breakthrough technologies sourced from multinational corporations to market. In the process, Innventure builds and scales companies around these technologies using a systematic, quantitative and repeatable analysis. Innventure has launched three such companies since its inception: PureCycle Technologies, Inc., AeroFlexx and Accelsius. PureCycle became a publicly traded company in 2021.

    Advisors
    Jones Day acted as legal advisor to Innventure, and Sidley Austin LLP acted as legal advisor to Learn CW. The Maples Group acted as Cayman legal advisor to Learn CW.

    About Innventure
    Innventure founds, funds, and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. As owner-operators, Innventure takes what it believes to be breakthrough technologies from early evaluation to scaled commercialization utilizing an approach designed to help mitigate risk as it builds disruptive companies it believes have the potential to achieve a target enterprise value of at least $1 billion. Innventure defines ‘‘disruptive’’ as innovations that have the ability to significantly change the way businesses, industries, markets and/or consumers operate.

    About Learn CW Investment Corporation
    Learn CW Investment Corporation (“Learn CW”) was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar Business Combination with one or more businesses. Learn CW is sponsored by CWAM LC Sponsor LLC, an affiliate of Learn Capital, LLC (“Learn Capital”) and Commonwealth Asset Management. Learn Capital is a leading venture capital firm focused on early- and mid-stage investments in the $5.4 trillion global education sector. Learn Capital was founded in 2008 by Rob Hutter and Greg Mauro, who formerly managed an affiliate of Founders Fund. The firm possesses decades of founding, operating, and investing experience in the education, consumer, hard tech, and enterprise technology sectors. Commonwealth Asset Management is a Los Angeles-based asset management platform founded in June 2019 and led by Adam Fisher, who is the former Head of Global Macro and Real Estate at Soros Fund Management LLC and the former founder and Chief Investment Officer of Commonwealth Opportunity Capital, GP LLC.

    Cautionary Statement Regarding 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, including statements regarding the parties or the parties’ respective management team’s expectations, hopes, beliefs, intentions, plans, prospects or strategies regarding the future, including the anticipated benefits of the Business Combination, including revenue growth and financial performance, product expansion and services, and the financial condition, results of operations, earnings outlook and prospects of Innventure and/or Learn CW, including, in all cases, statements for the period following the consummation of the Business Combination. Any statements contained herein that are not statements of historical fact are forward-looking statements. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements are typically identified by words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on the current expectations and beliefs of the management of Learn CW and Innventure in light of their respective experience and their perception of historical trends, current conditions and expected future developments and their potential effects on Learn CW and Innventure as well as other factors they believe are appropriate in the circumstances. There can be no assurance that future developments affecting Learn CW or Innventure will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the parties) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, including those discussed and identified in the public filings made or to be made with the U.S. Securities and Exchange Commission (the “SEC”) by Learn CW, including in the final prospectus relating to Learn CW’s initial public offering, which was filed with the SEC on October 12, 2021 under the heading “Risk Factors,” or made or to be made by Learn SPAC Holdco, Inc., including in the registration statement on Form S-4, which was filed in connection with the Business Combination and has been declared effective by the SEC, and the definitive proxy statement/consent solicitation statement/prospectus relating to the Business Combination which was mailed to the Learn CW shareholders and sent to the unitholders of Innventure LLC. These risks and uncertainties include: expectations regarding Innventure’s strategies and future financial performance, including its future business plans, expansion and acquisition plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, product and service acceptance, market trends, liquidity, cash flows and uses of cash, capital expenditures, and Innventure’s ability to invest in growth initiatives; the implementation, market acceptance and success of Innventure’s business model and growth strategy; Innventure’s future capital requirements and sources and uses of cash; that Innventure will have sufficient capital upon the approval of the Business Combination to operate as anticipated; Innventure’s ability to obtain funding for its operations and future growth; developments and projections relating to Innventure’s competitors and industry; the outcome of any legal proceedings that may be instituted against Learn SPAC Holdco, Inc., Learn CW or Innventure following the closing of the Business Combination; the risk that the announcement and consummation of the proposed Business Combination disrupts Innventure’s current plans; the ability to recognize the anticipated benefits of the Business Combination; unexpected costs related to the proposed Business Combination; limited liquidity and trading of Learn CW’s securities; geopolitical risk and changes in applicable laws or regulations; the possibility that Learn CW and/or Innventure may be adversely affected by other economic, business, and/or competitive factors; the potential characterization of Innventure as an investment company subject to the Investment Company Act of 1940; and operational risk. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. All forward-looking statements in this press release are made as of the date hereof, based on information available to Learn CW and Innventure as of the date hereof, and Learn CW and Innventure assume no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required under applicable law.

    Media Contact: Laurie Steinberg, Solebury Strategic Communications
    press@innventure.com

    Investor Relations Contact: Sloan Bohlen, Solebury Strategic Communications
    investorrelations@innventure.com

    The MIL Network –

  • MIL-OSI: Diversified Royalty Corp. Announces October 2024 Cash Dividend and Q3 2024 Earnings Release Date

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Oct. 02, 2024 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce that its board of directors has approved a cash dividend of $0.02083 per common share for the period of October 1, 2024 to October 31, 2024, which is equal to $0.25 per common share on an annualized basis. The dividend will be paid on October 31, 2024 to shareholders of record as of the close of business on October 15, 2024.

    Q3 2024 Earnings Release Date
    DIV will release earnings results for the three and nine months ended September 30, 2024 following the closing of regular trading on the Toronto Stock Exchange on November 6, 2024.

    About Diversified Royalty Corp.

    DIV is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America. DIV’s objective is to acquire predictable, growing royalty streams from a diverse group of multi-location businesses and franchisors.

    DIV currently owns the Mr. Lube + Tires, AIR MILES®, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions and BarBurrito trademarks. Mr. Lube + Tires is the leading quick lube service business in Canada, with locations across Canada. AIR MILES® is Canada’s largest coalition loyalty program. Sutton is among the leading residential real estate brokerage franchisor businesses in Canada. Mr. Mikes operates casual steakhouse restaurants primarily in western Canadian communities. Nurse Next Door is a home care provider with locations across Canada and the United States as well as in Australia. Oxford Learning Centres is one of Canada’s leading franchisee supplemental education services. Stratus Building Solutions is a leading commercial cleaning service franchise company providing comprehensive environmentally friendly janitorial, building cleaning, and office cleaning services primarily in the United States. BarBurrito is the largest quick service Mexican restaurant food chain in Canada.

    DIV’s objective is to increase cash flow per share by making accretive royalty purchases and through the growth of purchased royalties. DIV intends to continue to pay a predictable and stable monthly dividend to shareholders and increase the dividend over time, in each case as cash flow per share allows.

    Forward Looking Statements

    Certain statements contained in this news release may constitute “forward-looking information” within the meaning of applicable securities laws that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “intend”, “may”, “will”, ”project”, “should”, “believe”, “confident”, “plan” and “intends” and similar expressions are intended to identify forward-looking information, although not all forward-looking information contains these identifying words. Specifically, forward-looking information in this news release includes, but is not limited to, statements made in relation to: the amount and timing of the October 2024 dividend to be paid to DIV’s shareholders; DIV’s objective to continue to pay predictable and stable monthly dividends to shareholders; and DIV’s corporate objectives. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events, performance, or achievements of DIV to differ materially from those anticipated or implied by such forward-looking information. DIV believes that the expectations reflected in the forward-looking information included in this news release are reasonable but no assurance can be given that these expectations will prove to be correct. In particular there can be no assurance that: DIV will be able to make monthly dividend payments to the holders of its common shares; or DIV will achieve any of its corporate objectives. Given these uncertainties, readers are cautioned that forward-looking information included in this news release are not guarantees of future performance, and such forward-looking information should not be unduly relied upon. More information about the risks and uncertainties affecting DIV’s business and the businesses of its royalty partners can be found in the “Risk Factors” section of its Annual Information Form dated March 21, 2024 and in its most recent Management’s Discussion and Analysis, copies of each of which are available under DIV’s profile on SEDAR+ at http://www.sedarplus.com.

    In formulating the forward-looking information contained herein, management has assumed that, among other things, DIV will generate sufficient cash flows from its royalties to service its debt and pay dividends to shareholders; the business and economic conditions affecting DIV and its royalty partners will continue substantially in the ordinary course, including without limitation with respect to general industry conditions, general levels of economic activity and regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.

    All of the forward-looking statements made in this news release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, DIV. The forward-looking information included in this news release is presented as of the date of this news release and DIV assumes no obligation to publicly update or revise such information to reflect new events or circumstances, except as may be required by applicable law.

    THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.

    Additional Information

    Additional information relating to the Corporation and other public filings, is available on SEDAR+ at http://www.sedarplus.com.

    Contact:
    Sean Morrison, President and Chief Executive Officer
    Diversified Royalty Corp.
    (236) 521-8470

    Greg Gutmanis, Chief Financial Officer and VP Acquisitions
    Diversified Royalty Corp.
    (236) 521-8471

    The MIL Network –

  • MIL-OSI: Powell Max Limited Announces Partial Exercise of Over-allotment Option

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, Oct. 02, 2024 (GLOBE NEWSWIRE) — Powell Max Limited (Nasdaq: PMAX) (the “Company” or “Powell Max”), a financial communications services provider headquartered in Hong Kong, today announced that WallachBeth Capital LLC (the “Underwriter”), as the lead underwriter of the Company’s initial public offering (the “Offering”), has partially exercised the over-allotment option (the “Option”) to purchase an additional 99,765 Class A Ordinary Shares of the Company (the “Additional Shares”) at the public offering price of $4.00 per share. As a result, the Company has raised gross proceeds of $399,060, in addition to the previously gross proceeds of $5,707,000, before deducting underwriting discounts and offering expenses, already received in the Offering.

    WallachBeth Capital LLC is acting as Lead Underwriter to the Offering and Revere Securities LLC is acting as the Co-Manager to the Offering. K&L Gates is acting as U.S. counsel to the Company, and Hunter Taubman Fischer & Li LLC is acting as U.S. counsel to the Underwriter.

    A registration statement on form F-1 (333-279859) related to these securities has been filed with, and declared effective by, the United States Securities and Exchange Commission on September 4, 2024. The final prospectus relating to the securities being offered in the Offering was filed with the SEC on September 6, 2024. A copy of the final prospectus related to the Offering may be obtained from the Underwriter by email at cap-mkts@wallachbeth.com. The final prospectus is available on the SEC’s website located at http://www.sec.gov.

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

    About Powell Max Limited

    Powell Max Limited is a financial communications services provider headquartered in Hong Kong. The Company engages in the provision of financial communications services that support capital market compliance and transaction needs for corporate clients and their advisors in Hong Kong. Its financial communications services cover a full range of financial printing, corporate reporting, communications and language support services from inception to completion, including typesetting, proofreading, translation, design, printing, electronic reporting, newspaper placement and distribution. The Company’s clients consist of domestic and international companies listed in Hong Kong, together with companies who are seeking to list in Hong Kong, as well as their advisors.

    Forward-Looking Statements

    This press release contains certain forward-looking statements. Words such as “will,” future,” “expects,” “believes,” and “intends,” or similar expressions, are intended to identify forward-looking statements. Forward-looking statements are subject to inherent uncertainties in predicting future results and conditions. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

    For investor and media inquiries, please contact:

    Company Info:

    Powell Max Limited

    Investor Relations

    ir@janfp.com (852) 2158 2888

    The MIL Network –

  • MIL-OSI: Press Release for Early Warning Report Filing Pursuant to National Instrument 62-103

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Oct. 02, 2024 (GLOBE NEWSWIRE) — On October 02, 2024, JPK Capital Holdings (Barbados) Inc., of Burnham Court, Bishop’s Court Hill, Upper Collymore Rock, St. Michael, Barbados BB11115

    (“JPK”) , announces that it has acquired 25,000,000 common shares of PowerBand Solutions Inc. (“PowerBand”) in a private placement pursuant to which an aggregate of 217,410,000 common shares were issued by PowerBand from treasury at a price of $0.05 per common share.

    Prior to completion of the private placement, JPK and its joint actor, Insurance Corporation of Barbados Ltd. ( “ICBL”), held an aggregate of 31,873,001 common shares and warrants to acquire an additional 31,573,001 common shares of PowerBand, representing 7.09% of the issued and outstanding common shares on an undiluted basis, and 13.18% of the outstanding common shares, assuming the exercise of all of the warrants held by JPK and ICBL but no other outstanding warrants. Both JPK and ICBL are companies controlled by Joe Poulin.

    Following completion of the private placement, JPK and ICBL collectively hold a total of 56,873,001 common shares and warrants to acquire an additional 31,573,001 common shares of PowerBand, representing 8.53% of the Company’s issued and outstanding common shares on an undiluted basis, and 12.66% of the outstanding common shares, assuming the exercise of all of the warrants held by JPK and ICBL but no other outstanding warrants.

    JPK acquired the shares pursuant to a subscription agreement with PowerBand with an aggregate subscription price of $1,250,000.

    The shares were acquired by JPK for investment purposes. JPK and/or ICBL may, depending on market and other conditions, increase or decrease their beneficial ownership, control or direction over additional securities of PowerBand, through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise.

    This press release is issued pursuant to the early warning requirements of National Instrument 62-103 of the Canadian Securities Administrators which also requires a report to be filed with regulatory authorities in each of the appropriate jurisdictions containing additional information with respect to the foregoing matters (the “Early Warning Report“). A copy of the Early Warning Report will appear with the PowerBand’s documents under its profile on SEDAR+ at www.sedarplus.ca.

    For further information, please contact:

    Mark J. Coleman, Vice President, +1 (646) 873-0600, Mark@jpkcapital.com

    The MIL Network –

  • MIL-OSI: O2Gold Announces Board Changes

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 02, 2024 (GLOBE NEWSWIRE) — O2Gold Inc. (NEX: OTGO.H) (“O2Gold” or the “Company”) announces today that Roger Lemaitre has resigned as a director of the Company. The board and management thank Mr. Lemaitre for his services and contributions and wish him well in his future endeavours.

    About O2Gold

    O2Gold is a mineral exploration company.

    For additional information, please contact:

    Scott Moore, Chief Executive Officer
    Phone: (416) 861-1685
    Email: smoore@miningsm.com

    Regulatory Statements

    NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    The MIL Network –

  • MIL-OSI: FloQast Partners with CFGI to Drive Financial Transformation and Accounting Excellence in APAC

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, Oct. 02, 2024 (GLOBE NEWSWIRE) — FloQast, an Accounting Transformation Platform created by accountants for accountants, announced today a strategic consulting partnership in the Asia Pacific (APAC) region with CFGI, a global leader in advisory, and consulting services. CFGI supports the Office of the CFO and Private Equity Sponsors with all critical finance and accounting operations. The collaboration combines the power of FloQast’s Accounting Transformation Platform with CFGI’s extensive industry expertise to transform critical accounting and finance processes, including the financial close, and compliance and internal controls management.

    Today’s businesses are under significant pressure to transform their accounting and finance operations for greater accuracy and more valuable data and insights— critical for steering organisational strategy. This includes an increased focus on strengthening internal controls to comply with regulations, be audit-ready, and protect the business.

    FloQast addresses these needs by offering accounting teams a wealth of resources to improve communication and transparency, automate time-consuming tasks, and ensure financial accuracy. This empowers them to work collaboratively, reduce errors, and accelerate record-to-report and compliance management processes. CFGI’s deep understanding of finance transformation and optimisation, regulatory environments, and industry-specific challenges will enrich the partnership by providing tailored consulting services to clients seeking greater efficiency, accuracy and scalability.

    “FloQast is proud to extend our successful partnership with CFGI into the Asia Pacific region, building on the strong foundation we’ve established together in other markets with 350 shared customers – and growing – and more than a hundred FloQast implementations,” said Jason Toshack, Managing Director of FloQast Australia. “This collaboration comes at a critical strategic moment for many organizations, and we’re excited to continue providing valuable resources as they pursue financial transformation.”

    “We are very excited to embark on this journey with FloQast to help businesses in the APAC region to accelerate financial transformations and deliver accounting operational excellence,” said Jean-Pierre Henderson, Regional Managing Partner, CFGI. “By combining our expertise in system implementation, back-office transformation and risk and compliance with FloQast’s best-in-class advanced workflow automation, we aim to deliver comprehensive solutions that address the unique challenges faced by finance teams today.”

    Since 2018, FloQast has collaborated with CFGI to enhance financial close solutions in North America, with recent expansion into the DACH and UK regions. This latest collaboration between CFGI and FloQast in the APAC region is built upon CFGI’s dedication to delivering outstanding client service and FloQast’s commitment to innovation, forming a robust foundation for their strategic partnership.

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

    About CFGI
    CFGI, a Carlyle and CVC Capital Partners portfolio company, is a leading global accounting and business advisory firm. We partner with our clients on their most important regulatory, transaction, and business improvement initiatives. Our team of over 1,000 former Big 4 professionals brings expertise across technical accounting, capital markets, tax, valuation, ESG, transaction advisory, restructuring, and technology solutions — all delivered with an independent and roll-up-the-sleeves approach. CFGI was founded in 2000 and serves thousands of global clients across 19 offices throughout the Americas, Europe, and the Asia Pacific regions.

    Learn more at http://www.cfgi.com.

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

    The MIL Network –

  • MIL-OSI: Kilne Cookware, Founded by Former Endy CEO, Retains Westmount Capital Partners as Exclusive Financial Advisor

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 02, 2024 (GLOBE NEWSWIRE) — Westmount Capital Partners (“WMC” or the “Company”) is pleased to announce that Kilne Cookware Inc., a premium direct-to-consumer cookware brand founded by Mike Gettis, former CEO of Endy, has retained Westmount as its exclusive financial advisor. Westmount will assist Kilne in its efforts to fuel market expansion and product development.

    This partnership opens an exciting opportunity for investors to join Kilne in its next phase of growth as it expands into new markets and continues to introduce innovative products that resonate with consumers. Kilne is strategically positioned to emerge as a leading premium cookware brand, setting itself apart with its commitment to exceptional quality, innovative design, and sustainable manufacturing. With a focus on empowering home cooks, Kilne aims to redefine the cooking experience by providing high-performance products that not only enhance culinary creativity but also elevate the kitchen aesthetic.

    Kilne is set to capitalize on the growing $27 billion North American cookware market, with a total addressable market (TAM) for premium cookware estimated at $7 billion. This promising landscape reflects the increasing consumer demand for high-quality, non-toxic cookware. Gettis, who successfully exited Endy in 2018 when Sleep Country acquired the company for $88.7 million, is now leading Kilne’s dedicated team as they embark on this ambitious journey.

    Westmount Capital Partners will support Kilne’s ambitious expansion plans, enhance marketing efforts, and assist in the launch of new products that reflect its premium quality ethos. These products include the ‘Mini Everything Pan,’ a new line of cast iron cookware, and additional color options for Kilne’s best-selling pieces. Kilne has already made a significant impact in the Canadian market, winning prestigious awards such as the Red Dot Product Design Award and Good Housekeeping’s Kitchen Gear Award in 2023. As the brand prepares for its U.S. market entry, Kilne will continue to leverage its direct-to-consumer model, offering professional-grade cookware without the retail markups, ensuring high-quality products at accessible prices.

    Alex Camus, Managing Partner at Westmount Capital Partners, stated: “Mike’s success with Endy speaks for itself. We are proud to partner with him and Kilne as they prepare for this exciting phase of growth. Kilne is perfectly positioned to capture the attention of both investors and consumers with its innovative approach to cookware.”

    Mike Gettis, Co-Founder and CEO of Kilne, added: “As we prepare to expand into the U.S. and other markets, having the right financial partner is crucial. Westmount Capital Partners brings the expertise we need to efficiently raise capital and accelerate our growth. I believe this will be my biggest venture yet, and with their support, we’re poised to scale Kilne into a household name while empowering home cooks with exceptional, affordable kitchen products.”

    About Westmount Capital Partners
    Westmount Capital Partners Inc. is a premier financial advisory firm specializing in capital raising, mergers and acquisitions, and corporate finance solutions. With a commitment to operational excellence and strategic growth, Westmount Capital Partners provides exceptional advisory services tailored to meet the evolving needs of its clients across various industries.

    About Kilne Cookware

    Founded in 2020, Kilne Cookware is a premium direct-to-consumer brand dedicated to becoming a leading name in premium kitchenware. Kilne offers professional-grade tools designed for home cooks who value quality and performance. By collaborating with top chefs and eliminating traditional retail markups, Kilne delivers high-quality, non-toxic cookware at accessible prices. With a mission to transform the home cooking experience, Kilne ensures every product is crafted to meet the highest standards, making healthy and enjoyable cooking attainable for all.

    For further information contact:

    Westmount Capital Partners Inc.
    c/o Perley-Robertson, Hill & McDougall LLP/s.r.l.
    Constitution Square, 340 Albert St #1400,
    Ottawa, ON, K1R 7Y6
    Attention: Nino Silvestri, President
    E-mail: nino@westmount.ventures     

    The MIL Network –

  • MIL-OSI: CertiK’s 2024 Q3 Hack3d Report Shows Decline in Crypto Hacks Amid Industry Growth

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 03, 2024 (GLOBE NEWSWIRE) — CertiK, a leading blockchain security firm, released its Web3 security quarterly report, Hack3d, for Q3 2024. CertiK’s Hack3d reports provide the most comprehensive statistics and analysis of Web3 security.

    In this report, CertiK noted that hackers stole more than $750 million across 155 security incidents in Q3 of this year; this pushes the total amount stolen in 2024 to nearly $2 billion so far. Although this quarter saw a decline in the number of incidents compared to the previous quarter, there was an approximate 9.5% increase in total value lost. This shift indicates that attacks were, on average, more substantial, underscoring the continued need for stronger security measures across the industry.

    CertiK also reported that phishing attacks and private key compromises — the top two attack vectors — resulted in a total of $668 million stolen. In the most notable phishing incident, an attacker stole $238 million from a Bitcoin whale. Another large attack occurred on WazirX, where a malicious actor stole approximately $231 million by acquiring the wallet’s private key.

    Phishing attacks typically involve bad actors posing as legitimate entities to trick users into revealing sensitive information, such as login credentials. Private key compromises occur when a user’s private key, which grants access to their crypto assets, is stolen or exposed, allowing attackers to transfer funds without needing any further authorization. To prevent falling victim to these attacks, users should be wary of unsolicited messages asking for private information, double-check website URLs and email addresses, enable two-factor authentication (2FA), and avoid signing or approving phishing contracts.

    Additionally, CertiK’s Hack3d report analyzes blockchains with the most exploits, the top three incidents of the quarter, general industry developments, and how users and protocols can boost their security.

    Hack3d serves as an essential resource and record of statistics for understanding security challenges and vulnerabilities in the Web3 space. It equips stakeholders with the knowledge and insights needed to fortify their defenses and make informed decisions in an increasingly high-stakes environment.

    The MIL Network –

  • MIL-OSI: Subsea 7 S.A.: Notification of trade by primary insider

    Source: GlobeNewswire (MIL-OSI)

    Subsea 7 S.A. has received notification of transaction(s) in its shares by a primary insider. Please see the attached form for details. This information is pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

    Attachment

    The MIL Network –

  • MIL-OSI: Visible Tank Vape and Silky-Smooth Vapor: iHit Pro Ceramic Heating Technology Featured at InterTabac, Highlighting Unique Advantages with Partners

    Source: GlobeNewswire (MIL-OSI)

    DORTMUND, Germany, Sept. 29, 2024 (GLOBE NEWSWIRE) — iHit’s atomization technology collaborated with several brand partners to showcase products utilizing the iHit Solo and iHit Pro ceramic coil heating solutions at the InterTabac in Germany.

    The display received praise from European distributors and partners, who marveled at the “remarkable advancements of ceramic coil technology. The sweetness and aroma retention of e-liquids is on par with that of mesh cotton coils. Coupled with the unique, refined vapor produced by ceramic coil, this will change end-users’ expectations for their vaping experience in the future.”

    The iHit ceramic coil heating solutions offer several key experiential advantages:

    1. Long Lifespan: This advanced ceramic heating technology provides a longer lifespan and is a healthier, safer option. The high-density heating mesh heating film used in the iHit ceramic coils allows it to withstand higher temperatures than mesh cotton coils, effectively reducing the release of harmful substances to nearly 0%.

    2. Silky Vapor: The ceramic heating base produces a silky-smooth vapor, enhancing the overall quality of the vaping experience. Vaping a quality E-cigarette can be compared to savoring fine wine, with its complex layers of aroma and texture that are reminiscent of a high-quality red wine, as opposed to the overly sweet and artificial flavors typical of carbonated drinks.

    This technology offers market consumers an authentic and enhanced vaping experience at the same cost. Some clients have noted that after European users grow accustomed to the flavor provided by the ceramic coil, they often struggle to revert to the taste of mesh cotton coils.

    3. Visible Tank: Ceramic coil technology attains a 95% e-liquid utilization rate, leading to a fully visible E-liquid tank that epitomizes the principle of “safe visibility” in vaping. This design not only boosts user satisfaction but also supports a stylish and contemporary look to the device.

    iHit Solo:
    – Type: Single Ceramic Coil Solution
    – Pod Capacity: < 10ML Pod Kit / 2 -12 mL Disposable
    – Power Range: 5.5 – 11W
    – TPM: 7 – 13 mg/puff
    – Nicotine Delivery: Evenly released with every puff
    – Advantages: Fully atomized for excellent flavor reproduction, ensuring a healthier and delicate vaping experience.

    iHit Pro:
    – Type: World’s Smallest Ceramic Coil with Twin-Mesh Heating Film Solution
    – Pod Capacity: Open Pod System
    – Power Range: 13/18W
    – TPM: 13 mg/puff
    – Advantages: Small size with high power burst & switchable power modes. Elevated TPM release, providing a robust and flavorful vaping experience.

    iHit is an innovative heating integration technology launched by SMISS, and shares the same vision: Leading the global intelligent atomization manufacturing and accelerate the world’s shift to healthy life.

    Hit Every Puff!

    Contact: support@ihitglobal.com
    Website: http://www.ihitglobal.com

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/516061bc-c18d-4f03-bf01-32102506542c

    The MIL Network –

  • MIL-OSI: Bitget Wallet Launches OmniConnect Dev Kit, Bridging A Billion Telegram Users to Multichain Web3 Ecosystems

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Sept. 30, 2024 (GLOBE NEWSWIRE) — Bitget Wallet, a leading Web3 non-custodial wallet, has announced the launch of OmniConnect, a software development kit that enables developers to seamlessly connect Telegram Mini-Apps to multichain ecosystems across over 500 blockchains including mainnets like Solana, TON and all EVM-compatible chains. The integration allows Telegram Mini-Apps to utilize Bitget Wallet for signing and conducting transactions across multiple blockchain networks. The future plans of OmniConnect go beyond supporting Telegram Mini-Apps, aiming to expand to plugins, mobile apps, and web platforms, allowing seamless interactions across any blockchain.

    This release signifies a major leap in the integration of Web3 ecosystems with Telegram, offering over a billion Telegram users and developers a simplified, efficient way to interact with multiple blockchains. By integrating with Bitget Wallet, Telegram transforms into a comprehensive gateway to Web3, facilitating a smoother transition from Web2. The Telegram Mini-Apps play a crucial role in onboarding new users to Web3, offering an accessible entry point for individuals who have not previously interacted with decentralized technologies. This aligns with Bitget Wallet’s vision to connect a billion users from social platforms to the entire Web3 world, forming a core part of the broader Bitget Onchain Layer strategy.

    Alvin Kan, COO of Bitget Wallet, highlighted the importance of this development, stating, “Previously, Telegram Mini-Apps could only interact with the TON network, making it difficult to engage with other public chains. Bitget Wallet’s OmniConnect aims to bridge this gap, enabling seamless multi-chain interaction via Bitget Wallet. We’re excited for more developers and blockchain ecosystems to join us in building a more open and thriving Web3 environment on Telegram.” Additionally, Bitget Wallet is set to announce further initiatives aimed at empowering the broader Mini-App ecosystem and deepening integration with Telegram, which are expected to enhance the capabilities and reach of both platforms and benefit the wider builder community.

    Bitget Wallet has already established deep integration within the Telegram and TON ecosystems, partnering with major projects like Tomarket, Catizen, and Yescoin. It was the first to extend MPC keyless wallet to the TON mainnet, developed trading bots for Telegram, and provided multi-chain trading, zero-gas fee experiences on TON DApps, and access to popular project airdrops. Through these efforts, Bitget Wallet has positioned itself as a crucial infrastructure in the Telegram ecosystem. In August 2024 alone, Bitget Wallet saw nearly 2 million downloads, making it the most downloaded wallet globally according to App Store and Google Play data.

    With over 30 million global users, Bitget Wallet is committed to driving mass adoption of Web3 by simplifying access through its MPC keyless wallet, which enables secure logins using familiar methods like email, Apple ID, Google accounts, and Telegram. As an all-in-one platform wallet, Bitget Wallet continues expanding its features in directions like “Wallet+Trading,” allowing users to trade directly within their wallets, and “Wallet+Social,” which integrates social functionalities and connects with Telegram and multi-chain ecosystems. Alvin Kan added, “Our goal is to be the gateway for mass Web3 adoption, making it easy for even non-Web3 users to access DeFi, blockchain games, and the broader crypto ecosystem.”

    Go to OmniConnect Dev Kit: https://web3.bitget.com/en/docs/dapp/telegram-webapps-wc.html

    About Bitget Wallet

    Bitget Wallet stands as one of the world’s leading non-custodial Web3 wallets and decentralized ecosystem platform. With the Bitget Onchain Layer, the wallet is well-poised to develop a burgeoning DeFi ecosystem through co-creation and strategic incubation. Aside from a powerful Swap function, Bitget Wallet also offers multi-chain asset management, smart money insights, a native Launchpad, Inscriptions Center, and an Earning Center. Supporting over 100 major blockchains, 250,000+ tokens, and a wide array of DApps, Bitget Wallet is your top wallet for asset discovery and Web3 exploration.

    For more information, visit: Website | Twitter | Telegram | Discord

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4de495e5-b690-43d6-9e5a-4c551ce65302

    The MIL Network –

  • MIL-OSI: Defiance ETFs Announces Monthly Distributions on $QQQY (65.47%) $JEPY (49.19%) $IWMY (72.57%) $SPYT (20.02%) $USOY (48.25%) $QQQT (20.02%)

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Sept. 30, 2024 (GLOBE NEWSWIRE) —

    09-30-2024 Distributions
    Ex & Record Date 10/1/2024. Payable on 10/3/2024.

    • QQQY – Nasdaq 100 Enhanced Options & 0DTE Income ETF. 65.47% distribution rate.* $1.9935/share.
    • WDTE (formerly JEPY) – S&P 500 Enhanced Options & 0DTE Income ETF. 49.19% distribution rate. $1.8085/share.
    • IWMY – R2000 Enhanced Options & 0DTE Income ETF. 72.57% distribution rate. $2.2389/share.
    • SPYT – S&P 500 Income Target ETF. 20.02% distribution rate. $0.3338/share.
    • USOY – Oil Enhanced Options Income ETF. 48.25% distribution rate. $0.6106/share.
    • QQQT – Nasdaq 100 Income Target ETF. 20.02% distribution rate. $0.3220/share.

    As of 08/31/2024 The 30-Day SEC Yield** for QQQY is 3.80%, JEPY is 3.91%, IWMY is 3.81%, SPYT is 0.51%, USOY is 4.30%, and QQQT is -0.13%

    New Income Strategy: Weekly Distributions

    We’re excited to announce that QQQY, WDTE (formerly JEPY), and IWMY now target weekly distributions. The first weekly declaration for these funds will occur on 10/9/2024. The full distribution schedule can be found on each fund page of the http://www.defianceetfs.com website.

    The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Performance current to the most recent month-end can be obtained by calling 833.333.9383.

    QQQY Inception Date: 9/13/2023. Click here for QQQY Standardized Performance. WDTE Inception Date: 9/18/2023. Click here for WDTE Standardized Performance. IWMY Inception Date: 10/30/2023. Click here for IWMY Standardized Performance. SPYT Inception Date: 03/07/2024. Click here for SPYT Standardized Performance. USOY Inception Date: 05/09/2024. Click here for USOY Standardized Performance. QQQT Inception Date: 06/20/2024. Click here for QQQT Standardized Performance.

    Distributions from the ETFs include the following estimated return of capital per the 9/5/2024 19-a1 Notice: Defiance Nasdaq 100 Enhanced Options & 0DTE Income ETF, ticker QQQY 59.83%; Defiance S&P 500 Enhanced Options & 0DTE Income ETF, ticker WDTE 48.27%; Defiance R2000 Enhanced Options & 0DTE Income ETF, ticker IWMY 77.80%; Defiance S&P 500 Income Target ETF, ticker SPYT 87.66%; Defiance Oil Enhanced Options Income ETF, ticker USOY 91.06%; Defiance Nasdaq 100 Income Target ETF, ticker QQQT 100.00%

    Defiance Shifts to Weekly Distributions and Name Changes for the 0DTE Income ETF Suite, effective Sept 26th, 2024. Also effective Sept 26th is JEPY ticker change to WDTE. Read more here.

    The Gross Expense Ratio for QQQT is 1.05%, QQQY, WDTE, IWMY, and USOY is 0.99%, and SPYT is 0.94%.

    Click here for the QQQY Prospectus.
    Click here for the WDTE Prospectus.
    Click here for the IWMY Prospectus.
    Click here for the SPYT Prospectus.
    Click here for the USOY Prospectus.
    Click here for the QQQT Prospectus.

    * The Distribution Rate is the estimated payout an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions are not guaranteed.

    ** The Distribution Rate and 30-Day SEC Yield is not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant. The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These distribution rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Additional fund risks can be found below.

    Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 833.333.9383. Read the prospectus or summary prospectus carefully before investing.

    IMPORTANT RISK INFORMATION

    Investing involves risk. Principal loss is possible. As an ETF, the funds may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

    QQQY and QQQT Index Overview: The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization. This makes it a large-cap index, meaning its constituents have a high market value, often in the billions of dollars. The Index includes companies from various industries but is heavily weighted towards the technology sector. This reflects the Nasdaq’s historic strength as a listing venue for tech companies. Other sectors represented include consumer discretionary, health care, communication services, and industrials, among others.

    WDTE & SPYT Index Overview: The S&P 500 Index is a widely recognized benchmark index that tracks the performance of 500 of the largest U.S.-based companies listed on the New York Stock Exchange or Nasdaq. These companies represent approximately 80% of the total U.S. equities market by capitalization, making it a large-cap index.

    IWMY Index Overview: The Russell 2000 Index is a widely recognized benchmark index that tracks the performance of approximately 2000 small-cap companies in the United States. These are the smallest companies listed in the Russell 3000 Index, representing about 10% of that index’s total market capitalization.

    QQQY Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index. The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization. This makes it a large-cap index, meaning its constituents have a high market value, often in the billions of dollars.

    WDTE Indirect Investment Risk. The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.

    ​IWMY Indirect Investment Risk: The Index is not affiliated with the Trust, the Fund, the Adviser, the Sub-Adviser, or their respective affiliates and is not involved with this offering in any way. Investors in the Fund will not have the right to receive dividends or other distributions or any other rights with respect to the companies that comprise the Index but will be subject to declines in the performance of the Index.

    An Investment in the Fund is not an investment in the Index, nor is the Fund an investment in a traditional passively managed index fund.

    Index Trading Risk. The trading price of the Index may be highly volatile and could continue to be subject to wide fluctuations in response to various factors. The stock market in general has experienced extreme price and volume fluctuations that have often been unrelated or disproportionate to the operating performance of companies.

    S&P 500 Index Risks: The Index, which includes a broad swath of large U.S. companies, is primarily exposed to overall economic and market conditions. Recession, inflation, and changes in interest rates can significantly impact the index’s performance. Furthermore, despite its diverse representation, a downturn in a major sector such as technology or financials could notably affect the index. Geopolitical risks and unexpected global events, like pandemics, can introduce volatility and uncertainty.

    The Nasdaq 100 Index Risks: The Index’s major risks stem from its high concentration in the technology sector and significant exposure to high-growth, high valuation companies. A downturn in the tech industry, whether from regulatory changes, shifts in technology, or competitive pressures, can greatly impact the index. It’s also vulnerable to geopolitical risks due to many constituent companies having substantial international operations. Since many of these tech companies often trade at high valuations, a shift in investor sentiment could lead to significant price declines.

    The Russell 2000 Index Risks: The Index, which includes a broad swath of large U.S. companies, is primarily exposed to overall economic and market conditions. Recession, inflation, and changes in interest rates can significantly impact the index’s performance. Furthermore, despite its diverse representation, a downturn in a major sector such as technology or financials could notably affect the index. Geopolitical risks and unexpected global events, like pandemics, can introduce volatility and uncertainty.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of in-the-money put option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the Index over the Call Period (typically, one day, but may range up to one week). This means that if the Index experiences an increase in value above the strike price of the sold put options during a Call Period, the Fund will likely not experience that increase to the same extent and may significantly underperform the Index over the Call Period. Additionally, because the Fund is limited in the degree to which it will participate in increases in value experienced by the Index over each Call Period, but has full exposure to any decreases in value experienced by the Index over the Call Period, the NAV of the Fund may decrease over any given time period.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current monthly income. There is no assurance that the Fund will make a distribution in any given month. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil. This risks greater for the Fund as it will hold options contracts on a single security, and not a broader range of options contracts.

    Fixed Income Securities Risk: The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to changes in an issuer’s credit rating or market perceptions about the creditworthiness of an issuer. Generally fixed income securities decrease in value if interest rates rise and increase in value if interest rates fall, and longer-term and lower rated securities are more volatile than shorter- term and higher rated securities.

    Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”).

    Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

    Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Tidal Investments, LLC (“Tidal” or the “Adviser”). The Fund Administrator is Tidal ETF Services LLC. The investment sub-adviser is ZEGA Financial, LLC (“ZEGA” or the “Sub-Adviser”).

    Defiance ETFs are distributed by Foreside Fund Services, LLC.

    David Hanono
    Defiance ETFs
    +1 833-333-9383

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e034b5c1-e346-4c0c-ab39-ee49a8ded830

    The MIL Network –

  • MIL-OSI: Sp Mortgage Bank Plc: CEO of the Savings Banks Union Karri Alameri resigns

    Source: GlobeNewswire (MIL-OSI)

    Central Bank of Savings Banks Finland Plc  

    Stock Exchange Release  

    30th September 2024 at 8 am (CET +1)  

    The CEO of the Savings Banks Union, Karri Alameri, resigned from his position on 29th September 2024 and will pursue new challenges outside the Savings Banks Group. In the interim, the acting CEO will be chief strategy and development officer Kai Koskela. The recruitment process for a new CEO will begin immediately.  

    SP MORTGAGE BANK PLC  

    Additional information:  

    Kai Koskela, acting CEO, chief strategy and development officer 

    +358 40 549 0430  

    kai.koskela@saastopankki.fi 

    The MIL Network –

  • MIL-OSI: Establishment of a subsidiary and construction of the ICONFIT production and warehouse on the property purchased from the RESTATE group

    Source: GlobeNewswire (MIL-OSI)

    On 27.09.2024 EfTEN Paemurru OÜ, a subsidiary of the EfTEN Real Estate Fund AS, signed a contract under law of obligation with Teearu Arenduse OÜ, a member of the RESTATE group, for the acquisition of a property located on Paemurru tee 3, Laabi village, Harju County, Harku Municipality, near Tallinn.   

    In cooperation with Eventus Ehitus OÜ, the fund will construct an ICONFIT production, trade and warehouse building on the property. Eventus Ehitus OÜ started construction in July 2024, and completion of the building is planned by the end of April 2025. The investment is financed from the fund’s equity and from the loan agreement to be signed with AS SEB Pank. Completion of the purchase transaction is planned by the end of this year at the latest. Total investment of the fund will be 5.9 million euros plus VAT. 
      
    The tenant of the property is ICONFIT (European Foods OÜ), the leading sports, diet and healthy food manufacturer in the Baltic States, who will after the completion of the building use the entire building under a long-term (10-year) lease. 
      
    EfTEN Paemurru OÜ is a 100% subsidiary of EfTEN Real Estate Fund AS. It is established in the Republic of Estonia with the share capital of 2,500 euros. Viljar Arakas and Tõnu Uustalu are members of the management board of the private limited company. The company does not have a supervisory board. The establishment of a subsidiary cannot be considered as the acquisition of a significant share within the meaning of the Tallinn Stock Exchange regulations. The members of the fund’s supervisory board and management board have no personal economic interest in the transaction in any other way. 
      
      
    Viljar Arakas 
    Member of the Management Board 
    Phone 655 9515 
    E-mail: viljar.arakas@eften.ee 

    The MIL Network –

  • MIL-OSI: Central Bank of Savings Banks Finland Plc: CEO of the Savings Banks Union Karri Alameri resigns

    Source: GlobeNewswire (MIL-OSI)

    Central Bank of Savings Banks Finland Plc  

    Stock Exchange Release  

    30th September 2024 at 8 am (CET +1)  

    The CEO of the Savings Banks Union, Karri Alameri, resigned from his position on 29th September 2024 and will pursue new challenges outside the Savings Banks Group. In the interim, the acting CEO will be chief strategy and development officer Kai Koskela. The recruitment process for a new CEO will begin immediately. 

    CENTRAL BANK OF SAVINGS BANKS FINLAND PLC   

    Additional information:  

    Kai Koskela, acting CEO, chief strategy and development officer 

    +358 40 549 0430  

    kai.koskela@saastopankki.fi 

    The MIL Network –

  • MIL-OSI: Sampo plc’s share buybacks 27 September 2024

    Source: GlobeNewswire (MIL-OSI)

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

    Sampo plc’s share buybacks 27 September 2024

    On 27 September 2024, Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) has acquired its own A shares (ISIN code FI4000552500) as follows:                

    Sampo plc’s share buybacks Aggregated daily volume (in number of shares) Daily weighted average price of the purchased shares* Market (MIC Code)
      3,062 42.16 AQEU        
      39,548 42.14 CEUX
      422 42.03 TQEX
      45,814 42.12 XHEL
    TOTAL 88,846 42.13  

    *rounded to two decimals                

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

    After the disclosed transactions, the company owns in total 7,582,336 Sampo A shares representing 1.38 per cent of the total number of shares in Sampo plc, taking the issuance of shares on 16 September 2024 into account.

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

    On behalf of Sampo plc,
    Morgan Stanley

    For further information, please contact:

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

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

    Attachment

    The MIL Network –

  • MIL-OSI: Inside information: Karri Alameri appointed as the CEO of Oma Savings Bank Plc

    Source: GlobeNewswire (MIL-OSI)

    OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 30.9.2024 AT 8:45 A.M. EET, INSIDE INFORMATION

    Inside information: Karri Alameri appointed as the CEO of Oma Savings Bank Plc

    The Board of Directors of Oma Savings Bank Plc (OmaSp or Company) has appointed Karri Alameri, M.Sc. (Econ.), CEFA as the new CEO of the Company. Alameri will start in his position no later than 1 April 2025. Interim CEO Sarianna Liiri will continue in her position until Alameri starts.

    Karri Alameri (b. 1963) has strong experience in the financial sector. Alameri joins OmaSp from the Savings Banks Group, where he has served as CEO since 2022. Prior to this, he has held several demanding management positions in the Savings Banks Group, OP Financial Group and Danske Bank.

    “We started the search process for the new CEO in June, and I am very pleased with its rapid progress and outcome. Karri Alameri is distinguished in the financial sector and enjoys broad trust. We especially appreciate his strong leadership skills in different operating environments and market situations. Karri is the best possible choice as the CEO, and I am glad that we can get a CEO like him to continue implementing the Company’s strategy towards the next phase. I warmly welcome Karri to OmaSp,” says Jaakko Ossa, Chairman of the Board.

    “OmaSp has skilled personnel and satisfied customers, and the bank has been able to find good growth areas. The flow of news has been exceptionally challenging in recent months, but I see that it is good to build the future success of OmaSp on the existing strengths and bring the bank back to a good growth and earnings track. I am excited to accept the position as the CEO of the largest savings bank in Finland”, tells Karri Alameri.

    A prerequisite for the appointment is that the Finnish Financial Supervisory Authority (FIN-FSA) has no objections to the appointment.

    Oma Savings Bank Plc

    Additional information:
    Jaakko Ossa, Chairman of the Board, tel. +358 40 044 0139
    Minna Sillanpää, CCO, tel. +358 50 66592, minna.sillanpaa@omasp.fi

    Distribution:
    Nasdaq Helsinki Ltd
    Major media
    http://www.omasp.fi

    OmaSp is a solvent and profitable Finnish bank. About 500 professionals provide nationwide services through OmaSp’s 45 branch offices and digital service channels to over 200,000 private and corporate customers. OmaSp focuses primarily on retail banking operations and provides its clients with a broad range of banking services both through its own balance sheet as well as by acting as an intermediary for its partners’ products. The intermediated products include credit, investment and loan insurance products. OmaSp is also engaged in mortgage banking operations.

    OmaSp core idea is to provide personal service and to be local and close to its customers, both in digital and traditional channels. OmaSp strives to offer premium level customer experience through personal service and easy accessibility. In addition, the development of the operations and services is customer-oriented. The personnel is committed and OmaSp seeks to support their career development with versatile tasks and continuous development. A substantial part of the personnel also own shares in OmaSp.

    Attachment

    The MIL Network –

  • MIL-OSI: MSTX, The First Leveraged MicroStrategy ETF in the U.S. Surpasses $400 Million

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Sept. 30, 2024 (GLOBE NEWSWIRE) — Defiance ETFs, a leading provider of thematic and leverage-focused exchange-traded funds, is thrilled to announce that its MSTX ETF (Daily Target 1.75X Long MSTR ETF) has surpassed $400 million in assets under management (AUM). This milestone underscores the strong investor demand and confidence in the product’s innovative approach to offering amplified exposure to MicroStrategy Inc. (MSTR), a company known for its substantial Bitcoin holdings and cutting-edge data analytics solutions.

    Key Highlights:

    • Unprecedented Growth: The MSTX ETF’s rapid ascent to $400 million in AUM reflects investors’ growing interest in leveraged strategies and their desire to capitalize on the high volatility and significant movements in MicroStrategy’s stock.
    • Innovative Investment Strategy: MSTX offers 1.75x the daily performance of MicroStrategy’s stock, providing sophisticated investors with a powerful tool to enhance their exposure to the company’s dynamic market positioning. The ETF is designed for investors with a strong appetite for risk who seek the potential for amplified returns over short-term holding periods.
    • Market Demand: The strong reception of the MSTX ETF signals confidence in Defiance ETFs’ ability to meet market demand for targeted leverage exposure, particularly in the tech and cryptocurrency sectors. MicroStrategy’s strategic focus on Bitcoin has made it a popular choice among investors looking to gain exposure to the cryptocurrency market.
    • Strategic Timing: The launch of MSTX comes at a time when interest in both MicroStrategy and Bitcoin is surging, driven by the increasing institutional adoption of digital assets and the evolving landscape of corporate strategies centered around blockchain technology.

    “We are excited to see such strong early interest in the MSTX ETF, which validates our belief in the demand for specialized leveraged products that offer precise exposure to high-growth sectors,” said Sylvia Jablonski, CEO of Defiance ETFs. “The rapid growth of MSTX is a testament to our team’s ability to deliver innovative investment solutions that resonate with today’s investors.”

    About Defiance ETFs:
    Defiance ETFs is a leader in leverage-focused exchange-traded funds, providing innovative solutions designed for tactical traders and investors seeking amplified exposure to individual companies.

    For more information about the MSTX ETF or to explore Defiance ETFs’ full lineup of products, please visit defianceetfs.com.

    Media Contact:
    David Hanono
    Defiance ETFs
    Tel: 833.333.9383

    The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Fund pursues a daily leveraged investment objective, which means that the Fund is riskier than alternatives that do not use leverage because the Fund magnifies the performance of its Underlying Security. The Fund is not suitable for all investors. The Fund is designed to be utilized only by sophisticated investors, such as traders and active investors employing dynamic strategies. Investors who do not understand the Funds, or do not intend to actively manage their funds and monitor their investments should not buy shares of the Funds.

    About Defiance ETFs

    Founded in 2018, Defiance stands as a leading ETF issuer dedicated to income and thematic investing. Defiance also pioneers leveraged ETFs designed for traders seeking tactical opportunities.

    Our suite of first-mover leveraged & thematic ETFs empowers investors to express targeted views on disruptive innovations, including artificial intelligence, machine learning, and quantum computing, while our actively managed options ETFs are designed to seek current income.

    Important Disclosures

    The Funds’ investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company. Please read carefully before investing. A hard copy of the prospectuses can be requested by calling 833.333.9383.

    Defiance ETFs LLC is the ETF sponsor. The Fund’s investment adviser is Tidal Investments, LLC (“Tidal” or the “Adviser”).

    Investing involves risk. Principal loss is possible.

    There is no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment.

    Underlying Security Risk. The underlying security is subject to many risks that can negatively impact the Fund.

    Leverage Risk. Leverage may increase the risk of loss and cause fluctuations in the market value of the Fund’s portfolio to have disproportionately large effects or cause the NAV of the Fund generally to decline faster than it would otherwise.

    Derivatives Risk. Derivatives may be more sensitive to changes in market conditions and may amplify risks.

    Effects of Compounding and Market Volatility Risk. The Fund has a daily leveraged investment objective and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from the Fund performance, before fees and expenses.

    Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, which focuses on an individual security, may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

    MSTR Performance Risk. MSTR may fail to meet its publicly announced guidelines or other expectations about its business, which could cause the price of MSTR to decline.

    Bitcoin Risk. While the Fund will not directly invest in digital assets, it will be subject to the risks associated with Bitcoin by virtue of its investments in options contracts that reference MSTR.

    New Fund Risk. As of the date of this prospectus, the Fund has no operating history and currently has fewer assets than larger funds. Like other new funds, large inflows and outflows may impact the Fund’s market exposure for limited periods of time.

    New Fund Risk. As of the date of this prospectus, the Fund has no operating history and currently has fewer assets than larger funds. Like other new funds, large inflows and outflows may impact the Fund’s market exposure for limited periods of time.

    Brokerage Commissions may be charged on trades.

    MSTX is distributed by Foreside Fund Services, LLC.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/87922bbb-50cf-447b-a7be-657fcf4cde83

    The MIL Network –

  • MIL-OSI: RIBER receives order to equip an autonomous pilot line for the design and manufacturing of optical devices in Europe

    Source: GlobeNewswire (MIL-OSI)

    RIBER receives order to equip an autonomous pilot line for the design and manufacturing of optical devices in Europe

    Bezons (France), September 30, 2024 – 8:00 am (CET) – RIBER, the global leader for Molecular Beam Epitaxy (MBE) equipment serving the semiconductor industry, is announcing the sale of a fully automated MBE 412 cluster platform in Finland.

    Based in Tampere, Finland, in the land of a thousand lakes, VEXLUM, a leading supplier of advanced laser devices for quantum technology applications, has ordered a MBE 412 cluster system to establish a pilot line for the growth of optical devices covering the visible and near-infrared spectrum. This line will mainly focus on VECSEL (Vertical External Cavity Surface Emitting Laser) structures while also exploring other innovative technologies. 

    The MBE 412 cluster is a platform compatible with 4” substrates, offering great flexibility in terms of equipment, modularity, and adaptability, allowing users to continuously extend the machine’s capabilities. Equipped with the EZ TOOL instrumentation package for real-time in situ growth control and powered by the advanced Crystal XE control software, this fully automated system is the first of its kind in Finland, a key European country for the development and manufacturing of next-generation semiconductors, and the 25th in operation since its launch in 2010.

    This new order will be delivered in 2025.

    About VEXLUM
    Founded in 2017, Vexlum is a spin-off from the Optoelectronics Research Centre (ORC), Tampere University of Technology. The team has been a leading research group in the area of VECSEL technology for almost two decades. In particular, the company focuses on development of III/V semiconductor materials enabling VECSELs at new wavelengths, scalable manufacturing processes, and application specific systems engineering. Recent breakthroughs include the use of VECSELs for quantum technology applications.

    Vexlum capitalizes on a comprehensive knowledge in epitaxy, optoelectronics processes, and laser systems. The technical expertise is complemented by proven entrepreneurial skills. The company vision is to bring VECSEL technology to high impact applications with unique benefits in performance, cost, and usability.

    About RIBER

    Founded in 1964, RIBER is the global market leader for MBE – molecular beam epitaxy – equipment. It designs and produces equipment for the semiconductor industry, and provides scientific and technical support for its clients (hardware and software), maintaining their equipment and optimizing their performance and output levels.

    Accelerating the performance of electronics, RIBER’s equipment performs an essential role in the development of advanced semiconductor systems that are used in numerous applications, from information technologies to photonics (lasers, sensors, etc.), 5G telecommunications networks and research, including quantum computing.

    RIBER is a BPI France-approved innovative company and is listed on the Euronext Growth Paris market (ISIN: FR0000075954).
    http://www.riber.com

    Contacts

    RIBER : Annie Geoffroy| tel: +33 (0)1 39 96 65 00 | invest@riber.com

    CALYPTUS : Cyril Combe | tel: +33 (0)1 53 65 68 68 | cyril.combe@calyptus.net

    Attachment

    The MIL Network –

  • MIL-OSI: Share repurchase programme

    Source: GlobeNewswire (MIL-OSI)

    The share repurchase programme runs as from 3 June 2024 and up to and including 31 January 2025. In this period, Jyske Bank will acquire shares with a value of up to DKK 1.5 billion, cf. Corporate Announcement No. 12/2024 of 7 May 2024. The share repurchase programme is initiated and structured in compliance with the EU Commission Regulation No. 596/2014 of 16 April 2014, the so-called “Market Abuse Regulation”.

    The following transactions have been made under the program:

      Number of
    shares    		 Average purchase
    price (DKK)    		 Transaction
    value (DKK)
    Accumulated, previous announcement 2,715,553 542.95 1,474,418,891
    23 September 2024 829 520.36 431,380
    24 September 2024 371 521.60 193,513
    25 September 2024 138 521.00 71,898
    26 September 2024 56 533.62 29,883
    27 September 2024 60 531.92 31,915
    Accumulated under the programme 2,717,007 542.94 1,475,177,479

    Following settlement of the transactions stated above, Jyske Bank will own a total of 2,717,007 of treasury shares, excluding investments made on behalf of customers and shares held for trading purposes, corresponding to 4.23% of the share capital.

    In accordance with the EU Commission Regulation No. 596/2014, transactions related to the share buy-back programme are attached to this corporate announcement in detailed form.
                                                             
    Yours faithfully,
    Jyske Bank

    Contact: Birger Krøgh Nielsen, CFO, tel. +45 89 89 64 44.

    Attachment

    The MIL Network –

  • MIL-OSI: NNIT A/S: ATP choses NNIT as new supplier of business-critical SAP system

    Source: GlobeNewswire (MIL-OSI)

    As referred to in the Company Announcement 05/2024, Interim Financial Report Q2 2024 on August 26, NNIT was close to signing a large important strategic contract. NNIT has entered into a contract with ATP (Udbetaling Danmark) for the delivery of their critical SAP Debtor system. Udbetaling Danmark is the authority responsible for the collection, disbursement, and control of a number of public benefits. – e.g., state pension and housing benefits.

    The contract will initially run for six years with the possibility to extend twice for a two-year period. The contract was tendered by ATP at an estimated value of DKK 240 million incl. options, ad hoc solutions made to order and infrastructure operations to be delivered by a subcontractor.

    Kasper Søndergaard Andersen, Senior Vice President of Region Denmark, says “We are exceedingly pleased to have won the project for the delivery of ATP’s Debtor system. Public digitalization is a strategic focus area in NNIT, and we are energized by the significant task of ensuring the continued welfare in Denmark. With this Debtor delivery, we are building on our long-standing relationship with ATP, and we will also have the opportunity to bring our recently fortified SAP business to the table and begin the substantial task of modernizing SAP”.

    The contract has no implications for NNIT’s financial guidance for the full-year of 2024.

    For more information, please contact:

    Investor Relations
    Carsten Ringius
    EVP & CFO
    Tel: +45 3077 8888
    carr@nnit.com

    Media Relations
    Tina Joanne Hindsbo
    Media Relations Manager
    Tel: +45 3077 9578
    tnjh@nnit.com

    ABOUT NNIT

    NNIT is a leading provider of IT solutions to life sciences internationally, and to the public and private sectors in Denmark.

    We focus on high complexity industries and thrive in environments where regulatory demands and complexity are high.

    We advise on and build sustainable digital solutions that work for the patients, citizens, employees, end users or customers.

    We strive to build unmatched excellence in the industries we serve, and we use our domain expertise to represent a business first approach – strongly supported by a selection of partner technologies, but always driven by business needs rather than technology.

    NNIT consists of group company NNIT A/S and subsidiaries SCALES, Excellis Health Solutions and SL Controls. Together, these companies employ more than 1,700 people in Europe, Asia and USA. Read more at http://www.nnit.com.

    Attachment

    The MIL Network –

  • MIL-OSI: Change to the Executive Management Committee

    Source: GlobeNewswire (MIL-OSI)

    30 September 2024 | SAINT HELIER, Jersey – CoinShares International Limited (“CoinShares” or “the Company”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), Europe’s leading alternative asset manager specialising in digital assets, today announced changes in the composition of the Executive Management Committee.

    Graeme Dickson, Group General Counsel, has resigned to pursue other opportunities and as a result, has been removed from the Executive Management team of the Company with effect from the date of this announcement.

    The Chief Executive Officer, supported by the wider Executive Management team, will carefully consider the options for a successor and will provide further details to the market, when available.

    About CoinShares

    CoinShares is Europe’s leading alternative asset manager specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. The firm is headquartered in Jersey, with offices in France, Stockholm, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority.  CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

    For more information on CoinShares, please visit: https://coinshares.com
    Company | +44 (0)1534 513 100 | enquiries@coinshares.com
    Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com

    The MIL Network –

  • MIL-OSI: Nokia deployments with majority of world’s largest IXPs reflect push for scale, reliability and automation

    Source: GlobeNewswire (MIL-OSI)

    Press release
    Nokia deployments with majority of world’s largest IXPs reflect push for scale, reliability and automation

    • Six of the world’s 10 largest IXPs have deployed Nokia networking infrastructure and cumulatively carry close to 45 Tbps of traffic during peak times
    • Performance at scale, security and AI-enhanced operations of Nokia IP, optical and DDoS solutions support buildouts of massive cloud networks
    • Stunning growth of regional clouds driven by unprecedented latency, security and bandwidth pressures as global digital economy flourishes

    30 Sept 2024
    Espoo, Finland: Nokia today reaffirmed its leadership and commitment to the global Internet Exchange market as it continues to work with more than 20 Internet Exchange Providers (IXPs), including six of the world’s 10 largest based on both peak traffic and number of members. As the local interconnection points for more than 5,000 member organizations, these six IXPs cumulatively transport close to 45 Tbps of traffic during peak times – a figure that’s set to grow as the Equinix Global Interconnection Index (GXI) 2024 predicts a stunning 34% five-year CAGR in interconnection bandwidth.

    The expanding digital economy, proliferation of edge compute, and anticipated move of latency-sensitive AI models to regional clouds for local consumption are contributing to the need for what the GXI calls an Interconnection Oriented Architecture® (IOA). According to the GXI 2024 report, “The economics of data, density, velocity and experience demand localized exchange to move the highest volumes of data with the lowest latency to dense clusters of participants and population centers.”

    Built to handle these current and future pressures, the characteristics of the Nokia IP, optical and security solutions align to those identified in the IOA and are central to why the Nokia portfolio has increasingly become the dominant choice of leading IXPs.

    The Nokia FP5 800GE technology, deployed by leading European IXPs including Germany’s DE-CIX and the Netherlands’ NL-ix , provides the fastest possible performance in the industry and is realizing dramatic sustainability gains. Since deploying this technology, NL-ix has shown a reduction in power consumption from 0.8 watts to 0.1 watts per gigabit in parts of its network.

    Thomas King, CTO at DE-CIX, said: “Nokia’s 800GE technology gives us the considerable runway needed to address future traffic growth in a cost- and energy-efficient way. 800GE optics consume the least amount of space and power per bit, and at the same time it provides the most headroom for traffic peaks of the future.”

    Nokia has also played a leadership role in the standardization of Ethernet Virtual Private Networks (EVPNs). With industry-leading functionality and scalability, the SROS implementation of EVPN provides IXPs an ideal toolset to manage the increase in traffic. When Telehouse America selected Nokia to upgrade its NYIIX peering exchange infrastructure in the US, it deployed the Nokia EVPN solution to resolve multiple technical challenges.

    Akio Sugeno, Vice President of Telehouse and founder of NYIIX, said: “EVPN is a game changer for us. It is a next-generation VPN solution that provides a unified architecture, in both the control and data planes, and solved many of our requirements. With our new EVPN implementation from Nokia we police and control broadcast, unknown-unicast and multicast traffic entering our network while also rate-limiting ARP requests, so they do not flood our network. With this same protocol, we are also able to implement load balancing techniques between our edge and the customer’s network to increase resiliency and network availability. Finally, with EVPN’s auto-configuration capabilities we can simplify operational complexity across the entire lifecycle of our VPNs.”

    Additionally, the virulent rise in cybercrime has made anti-DDoS solutions critical. Nokia partnered with NL-ix for an industry-first deployment of an anti-DDoS solution that performs mitigation directly on the router, avoiding dedicated scrubbing centers that would push up transport costs and impact latency. Nokia’s AI-enhanced Deepfield Defender actively detects DDoS attacks and then instructs Nokia’s FP5 silicon to block those packet flows without any impact on other router traffic.

    Jan Hoogenboom, Founder and Chief Vision Officer at NL-ix, said: “With this innovative anti-DDoS solution from Nokia we can provide our customers with security across their entire area of operations as we pursue our goal of zero enterprise downtime. We are now a one-stop-shop for Europe-wide connectivity and security, saving our customers the hassle of working with multiple parties or making complex arrangements to be protected by a third party.”

    Vach Kompella, Senior Vice President and General Manager of IP Networks business at Nokia, said: “As the nerve centers of the Internet, the world’s largest IXPs are host to every type of traffic and customer, and in response they have reset expectations around networking innovation – driving the highest levels of uptime, reliability and security with Nokia solutions. We are proud to be the leading provider of networking infrastructure solutions for these critical organizations.”  

    Nokia has won contracts with 23 IXPs, and has publicly announced wins with Telehouse NYIIX, NL-ix, LINX, LINX NoVa, BIX, DE-CIX, France-ix, ESpanix, LINX Nairobi, TOP-ix and TREX.

    Resources and additional information 
    Webpage: 7750 Service Router | Nokia
    Webpage: FP5 network processor | Nokia
    Webpage: Optical networks | Nokia
    Webpage: Deepfield Defender | Nokia

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

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

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    # # #

    Media inquiries
    Nokia, Corporate Communications
    Email: Press.Services@nokia.com

    Follow us on social media

    LinkedIn X Instagram Facebook YouTube

    The MIL Network –

  • MIL-OSI: Internet exchange giant NIC.br selects Nokia to boost internet connectivity in Brazil

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Internet exchange giant NIC.br selects Nokia to boost internet connectivity in Brazil

    • Largest Internet Exchange Provider (IXP) in the world upgrading network to manage skyrocketing internet and traffic growth over next five years
    • NIC.br to scale network capacity, improve resiliency and increase automation, resulting in more advanced services for customers
    • Nokia to deploy IP routing technology, designed to handle world’s most demanding traffic environments, supporting Ethernet VPN (EVPN) services and 400/800G interfaces

    30 September 2024

    Espoo, Finland – Nokia announced it has been selected by the Brazilian Network Information Center (NIC.br), the largest IXP operator in the world, to increase the performance and reliability of Brazil’s internet infrastructure. Nokia’s cutting-edge IP routing solutions will support NIC.br’s mission of interconnecting the Brazilian Internet ecosystem and enable its expansion and reliability. The network upgrade comes as the country faces massive internet data traffic growth that is expected to reach 218.5 million users and over 50 terabits per second (Tb/s) in the next five years.

    NIC.br is responsible for, among several initiatives, registering and maintaining .br domain, as well as operating the Brazilian Internet Exchange (IX.br), which connects more than 3,500 Autonomous Systems (AS) and facilitates data traffic among internet service providers, content providers, hosting services, hyperscalers and other network operators. With Nokia’s IP routing technology, NIC.br is able to scale up its network capacity, improve its resiliency and availability, and vastly improve automation, resulting in a better customer experience.

    NIC.br will replace part of its existing technology with the Nokia 7250 Interconnect Router (IXR) and 7750 Service Router (SR) which support EVPN services and 400/800G interfaces. Nokia is an industry leader in standardizing and expanding the EVPN protocol. EVPN is a next-gen VPN solution that provides a unified architecture, in both the control and data planes, and supports a broad range of carrier and business VPN services and network infrastructures. EVPN delivers a variety of benefits to service providers and their customers, including greater network efficiency, reliability, scalability, and simplifies infrastructures with advanced automation.

    Julio Sirota, IX.br Infrastructure Manager at NIC.br, said: “Nokia is a trusted and strategic partner for us, as they have proven their ability to deliver state-of-the-art network solutions that match our needs and expectations. By upgrading our network infrastructure with Nokia’s routing platforms, we will be able to provide faster and more reliable internet connectivity for our customers and partners, as well as foster the development of new applications and services that will benefit the entire Brazilian society.”

    Vach Kompella, Senior Vice President and General Manager of IP Networks business at Nokia, said: “Internet exchange giants like IX.br from NIC.br are on the front lines for managing unrelenting internet and data traffic growth spurred by hyperscalers, ISPs, content providers and network operators. Keeping up with Brazil’s skyrocketing growth means increases in network capacity, reliability, and automation are critical to NIC.br’s network upgrade. Nokia’s routing solutions are designed to handle the world’s most demanding traffic environments and enable the delivery of high-quality services, like EVPN. We are delighted to work with NIC.br to help them scale, connect and empower the Brazilian internet ecosystem.”

    Resources and additional information
    Webpage: Nokia 7250 Interconnect Router
    Webpage: Nokia 7750 Service Router
    Webpage: Nokia Ethernet VPN

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

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

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future. 

    About the Brazilian Network Information Center – NIC.br

    The Brazilian Network Information Center – NIC.br (https://nic.br/) is a non-profit entity that is in charge of the operations related to the .br domain, as well as the allocation of IP numbers and the registration of autonomous systems in the country. NIC.br has been implementing decisions and projects of the Brazilian Internet Steering Committee – CGI.br since 2005. All the funds that are collected come from its entirely private activities. It takes actions and conducts projects that are of benefit to the infrastructure of the Internet in Brazil. Also part of NIC.br are: Registro.br (https://registro.br), CERT.br (https://cert.br/), Ceptro.br (https://ceptro.br/), Cetic.br (https://cetic.br/), IX.br (https://ix.br/), and Ceweb.br (https://ceweb.br), in addition to projects like Internetsegura.br (https://internetsegura.br) and the portal Best Practices for the Internet in Brazil (https://bcp.nic.br/). It also houses the office of the W3C Chapter São Paulo (https://w3c.br/).

    Media inquiries

    Nokia Communications
    Email: Press.Services@nokia.com

    NIC.br Communications
    imprensanic@webershandwick.com

    Follow Nokia on social media
    LinkedIn X Instagram Facebook YouTube

    The MIL Network –

  • MIL-OSI: Preliminary data on early redemptions (prepayments)

    Source: GlobeNewswire (MIL-OSI)

    To Nasdaq Copenhagen A/S                                30 September 2024
                                            Announcement no. 82/2024

    Preliminary data on early redemptions (prepayments)

    Pursuant to S. 24 of the Capital Markets Act, we hereby publish preliminary data on early redemptions (prepayments) in bonds issued by Jyske Realkredit. Please find the data in the attached file.

    The information will also be available on Jyske Realkredit’s web site at jyskerealkredit.com.

    For further information about format of data and content of the file we refer to the web site of Nasdaq at http://www.nasdaqomxnordic.com.

    Questions may be addressed to Christian Bech-Ravn, Head of Investor Relations, tel. (+45) 89 89 92 25.

    Yours sincerely

    Jyske Realkredit

    Please observe that the Danish version of this announcement prevails

    http://www.jyskerealkredit.com

    Attachment

    The MIL Network –

  • MIL-OSI: Landsbankinn hf.: Tender offer

    Source: GlobeNewswire (MIL-OSI)

    Today, Landsbankinn hf. announced an offer to the holders of its EUR 2025 notes (ISIN: XS2306621934) to tender such notes for purchase by the bank for cash. The tender offers are subject to the terms and conditions outlined in the tender offer memorandum dated 30 September 2024, including the outcome of the bank‘s intended new issuance.

    Further information on the tender offers is available in the announcement made public on Euronext Dublin where the bonds are listed. Subject to certain distribution restrictions, a tender offer memorandum can be obtained from the tender agent: Kroll Issuer Services Limited, landsbankinn@is.kroll.com.

    Dealer managers are ABN AMRO Bank, J.P. Morgan, Natixis and Nomura.

    This announcement is released by Landsbankinn hf. and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (“MAR”), encompassing information relating to the Offer described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Hreiðar Bjarnason, Chief Financial Officer for Landsbankinn hf.

    The MIL Network –

  • MIL-OSI: Alm. Brand A/S – Weekly report on share buybacks

    Source: GlobeNewswire (MIL-OSI)

            

    Alm. Brand A/S share buy-back program

    Transactions during 23 September 2024 – 27 September 2024
    On 15 August 2024, Alm. Brand A/S announced a share buy-back program of up to DKK 150 million, as described in company announcement no. 40/2024.

    The program is carried out in accordance with the Regulation No 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour Regulations.

    The following transactions were made under the share buy-back program during week number 39:

      Number of shares bought Average
    purchase price    		 Amount (DKK)
    Accumulated, last announcement 3,897,199 12.26 47,764,903
    23 September 2024 12,500 12.55 156,900
    24 September 2024 200,000 12.64 2,527,980
    25 September 2024 62,510 12.69 793,552
    26 September 2024 96,474 12.79 1,234,317
    27 September 2024 – – –
    Total, week number 39 371,484 12.69 4,712,749
    Accumulated under the program 4,268,683 12,29 52,477,652

    With the transactions stated above Alm. Brand A/S holds a total of 28,996,627 own shares corresponding to 1.88 % of the total number of outstanding shares.

    Contact
    Please direct any questions regarding this announcement to:        

    Head of IR, Rating and ESG reporting
    Mads Thinggaard         
    Mobile no. +45 2025 5469

    Attachments

    The MIL Network –

  • MIL-OSI: Prepayments (CK93) – Totalkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    To the Nasdaq Copenhagen

    Prepayments (CK93)

    Pursuant to s 24 of the Danish Capital Markets Act, Totalkredit A/S hereby publishes prepayment data (CK93) as at 27 September 2024 in the attached file.

    Furthermore, the data will be distributed in the usual way through Nasdaq Copenhagen. Data on Nykredit and Totalkredit bonds is also available by ISIN code in Excel format on https://www.nykredit.com/en-gb/investor-relations/financial-reporting/prepayments/.

    For further information about data format and contents, please refer to the Nasdaq website.

    Questions may be addressed to Morten Bækmand Nielsen, Head of Investor Relations, tel +45 44 55 15 21.

    Yours sincerely
    Totalkredit A/S

    Attachments

    The MIL Network –

  • MIL-OSI: Danske Bank share buy-back programme: Transactions in week 39

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 43 2024   Group Communications
    Bernstorffsgade 40
    DK-1577 København V
    Tel. +45 45 14 00 00

    30 September 2024

    Danske Bank share buy-back programme: Transactions in week 39

    On 2 February 2024, Danske Bank A/S announced a share buy-back programme for a total of DKK 5.5 billion, with a maximum of 70 million shares, in the period from 5 February 2024 to 31 January 2025, at the latest, as described in company announcement no. 2 2024.

    The programme is being carried out under Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 and the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016, also referred to as the Safe Harbour Rules.

    The following transactions were made under the share buy-back programme in week 39:

      Number
    of shares    		 VWAP
    DKK    		 Gross value
    DKK
    Accumulated, last announcement 17,760,029 202.4341 3,595,235,496
    23/09/2024 150,000 203.7085 30,556,275
    24/09/2024 165,000 203.9081 33,644,837
    25/09/2024 161,000 202.7496 32,642,686
    26/09/2024 110,000 203.5980 22,395,780
    27/09/2024 166,636 202.3942 33,726,160
    Total accumulated over week 39 752,636 203.2400 152,965,737
    Total accumulated during the share buyback programme 18,512,665 202.4669 3,748,201,233

    With the transactions stated above the total accumulated number of own shares under the share buy-back programme corresponds to 2.15% of Danske Bank A/S’ share capital.

    We enclose share buy-back transaction data in detailed form of each transaction in accordance with the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016.

    Danske Bank

    Contact: Stefan Singh Kailay, Group Press Officer, tel. +45 45 14 14 00

    Attachments

    The MIL Network –

  • MIL-OSI: Prepayments (CK93) – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    To the Nasdaq Copenhagen

    Prepayments (CK93)

    Pursuant to s 24 of the Danish Capital Markets Act, Nykredit Realkredit A/S hereby publishes prepayment data (CK93) as at 27 September 2024 in the attached file.

    Furthermore, the data will be distributed in the usual way through Nasdaq Copenhagen. Data on Nykredit and Totalkredit bonds is also available by ISIN code in Excel format on https://www.nykredit.com/en-gb/investor-relations/financial-reporting/prepayments/.

    For further information about data format and contents, please refer to the Nasdaq website.

    Questions may be addressed to Morten Bækmand Nielsen, Head of Investor Relations, tel +45 44 55 15 21.

    Yours sincerely
    Nykredit Realkredit A/S

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