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Category: GlobeNewswire

  • MIL-OSI: Sydbank share buyback programme: transactions in week 39

    Source: GlobeNewswire (MIL-OSI)

    Company Announcement No 45/2024

    		 Peberlyk 4
    6200 Aabenraa
    Denmark

    Tel +45 74 37 37 37
    Fax +45 74 37 35 36

    Sydbank A/S
    CVR No DK 12626509, Aabenraa
    sydbank.dk
    30 September 2024  

    Dear Sirs

    Sydbank share buyback programme: transactions in week 39
    On 28 February 2024 Sydbank announced a share buyback programme of DKK 1,200m. The share buyback programme commenced on 4 March 2024 and will be completed by 31 January 2025.

    The purpose of the share buyback programme is to reduce the share capital of Sydbank and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.

    The following transactions have been made under the share buyback programme:

      Number of shares VWAP Gross value (DKK)
    Accumulated, most recent
    Announcement

    2,163,000

    		  

    772,968,750.00
    23 September 2024
    24 September 2024
    25 September 2024
    26 September 2024
    27 September 2024    		 17,000
    17,000
    15,000
    15,000
    16,000    		 335.79
    339.99
    335.19
    337.94
    335.70    		 5,708,430.00
    5,779,830.00
    5,027,850.00
    5,069,100.00
    5,371,200.00
    Total over week 39 80,000   26,956,410.00
    Total accumulated during the
    share buyback programme

    2,243,000

    		  

    799,925,160.00

    All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S.

    Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation, is available in the attachment.

    Following the above transactions, Sydbank holds a total of 2,325,322 own shares, equal to til 4.26% of the Bank’s share capital.

    Yours sincerely
            
    Mark Luscombe        Jørn Adam Møller
    CEO        Deputy Group Chief Executive

    Attachment

    The MIL Network –

  • MIL-OSI: Interim Results for the six months ended 30 June 2024

    Source: GlobeNewswire (MIL-OSI)

    CAMBRIDGE, United Kingdom, Sept. 30, 2024 (GLOBE NEWSWIRE) — Bango (AIM: BGO), today announces its interim results for the six months ended 30 June 2024.

    Financial Overview (unaudited):

    Results for the 6 months ended 30 June 2024  1H24 1H23 Change
           
    Total Revenue $24.1M $20.3M +18.6%  
             
    Transactional Revenue1 $16.4M $15.5M +5.3%  
             
    DVM, Audiences & One-Off2 $ 7.7M $ 4.7M +62.5%  
             
    Annual recurring revenue (ARR)3 $12.9M $5.6M +130.4%  
           
    Net Revenue Retention4 159%      
             
    Adjusted EBITDA5 $4.0M ($0.2M) +$4.2M
           
    Profit/(Loss) before taxation ($3.4M) ($4.9M) +$1.5M
           
    Net (Debt6)/Cash ($5.1M) $5.5M -$10.6M


    Notes:

    • Transactional revenue grew 9.4% on a constant currency basis.
    • Other Income of $1.4M, which is not included in the revenue figure above, related to recovery of tax costs from the acquisition of DOCOMO Digital. $1.1M will be accounted for as a tax cost, resulting in $0.3M profit.
    • Gross profit margin of 80.8% (1H23: 90.0%) reduced from 82.8% in 2H 2023 due to geographic mix. Improvements expected in 2H 2024 as high margin DVM revenue grows.
    • Net debt6 of $5.1M at 30 June 2024 (net debt of $3.9M at 31 Dec 2023) after R&D investment of $7.6M in the period.

    Operational Highlights

    • Bango signed 4 new Digital Vending Machine® (DVM) customers in 1H24, including a Bank in Brazil. Post-period there has been a further 3 new customer wins.
    • A leading European telco that adopted the DVM in 2020 extended their contract for a further 3 years, with a minimum contract value of $1.5M over the term.
    • 13 new subscription content providers were added to the DVM in 1H24, taking the total to 106.
    • The eDisti7 program now has 20 content providers, including Microsoft and Disney, allowing Bango to provide a ‘pre-stocked’ Digital Vending Machine, reducing time to revenue for both DVM customers and Bango.
    • Bango signed a global agreement with Uber to accelerate the take-up of Uber One subscriptions through telco channels, proving the appeal of the Bango DVM beyond digital video, music and gaming services.
    • The ‘global technology leader’ (announced in June 2022) launched its first two telcos with Bango in 1H24. Additional launches are underway.
    • Chartered Accountant Tony Perkins joined the Bango Board as a Non-Executive Director and Chair of the Audit Committee. In Q3, Tony was appointed as Senior Independent Director replacing Eric Peacock who retired from the Board to focus on his recovery from an accident.

    Presentation and Webcast

    A presentation of the interim results will be made to investors and analysts at 10:00 BST today via the Investor Meet Company Platform. Those wishing to join the call can sign up to Investor Meet Company for free via:
    https://www.investormeetcompany.com/bango-plc/register-investor

    Full RNS announcement

    Read the full Interims Results RNS announcement here: https://polaris.brighterir.com/public/bango_plc/news/rns/story/r7ze9jw

    Paul Larbey, Chief Executive Officer of Bango, commented:

    “The first six months of 2024 have gone to plan and are in-line with the Trading Update issued in July. The payments business continues to deliver growth, providing cash to fund expansion of the Digital Vending Machine® (DVM), which continues to be adopted as the defacto standard platform for subscription bundling by the world’s largest companies. The addition of Disney+ to the Bango eDisti program is further evidence of this and will help accelerate time-to-revenue from DVM deals. With 4 new DVM wins in the 1H and a further 3 in Q3, the pipeline built over the past years continued to deliver results and provides confidence in meeting market expectations for the full year.

    The subscriptions market is vast and growing, and the percentage of subscriptions bundled through channels is increasing. Bango’s leadership position in this market is strengthening with the DVM now playing a key role in the customer acquisition and engagement strategies of major content brands. We are excited by the opportunity ahead and remain on track to continue our strong growth trajectory and return to a positive net cash position in FY25.”

    1 Transactional Revenue is revenue derived by charging a percentage of the retail price paid by the consumer and is made up of direct carrier billing, resale and revenue share amounts.
    2 DVM, Bango Audiences & one-off Revenue includes all DVM license and support fees, revenue from Bango Audiences (discontinued in Q1) and one-off fees including DVM set-up and change requests.
    3 Annual Recurring Revenue is the expected annual revenues to be generated in the next 12 months based on contracted revenues recognized as at 30 June 2024.
    4 Net Revenue Retention is a measure of the retention and expansion of revenue from customers over the previous 12 months and is calculated by dividing the ARR from existing customers at the end of 1H24 to the ARR from those same customers at the end of 1H23.
    5 Adjusted EBITDA is earnings before interest, tax, depreciation, amortization, negative goodwill, exceptional items, share of net loss of associate and share based payment charge 
    6 Net debt is cash and cash equivalents plus short-term investments less the loan from NHN and borrowings. Barclays continues to provide an overdraft facility which was not used at the end of the period .
    7eDisti is a program that allows Bango to resell subscriptions from content providers removing the need for a commercial agreement between the DVM customer and the content provider.

    Contact Details:  
    investors@bango.com

    About Bango

    Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers.

    The world’s largest content providers, including Amazon, Google and Microsoft trust Bango technology to reach subscribers everywhere.

    Bango, where people subscribe. For more information, visit http://www.bangoinvestor.com

    The MIL Network –

  • MIL-OSI: Medallion Bank Announces Fintech Strategic Partnership With Kashable

    Source: GlobeNewswire (MIL-OSI)

    SALT LAKE CITY, Sept. 30, 2024 (GLOBE NEWSWIRE) — Medallion Bank (Nasdaq: MBNKP), an FDIC-insured bank specializing in consumer loans for the purchase of recreational vehicles, boats, and home improvements, as well as loan products and services offered through fintech strategic partners, today announced a strategic partnership with Kashable, a leading fintech company dedicated to providing socially responsible credit and financial wellness solutions. This collaboration builds on Medallion Bank’s existing nationwide financing footprint while expanding Kashable’s services to a broader audience, offering working Americans access to affordable personal loans.

    “Adding Kashable to our growing strategic partnership program expands Medallion Bank’s consumer finance reach while supporting Kashable’s mission to improve the financial well-being of its customers” stated Donald Poulton, President and Chief Executive Officer of Medallion Bank. “Medallion Bank is proud to leverage our expertise in lending and partnerships to help extend Kashable’s services to a broader audience of working Americans.”

    Medallion Bank will originate personal loans on the Kashable platform, enhancing Kashable’s ability to introduce its services to employers, benefit administration platforms, marketplaces, and industry brokers, further solidifying its leadership in the financial wellness industry.

    “Our relationship with Medallion Bank provides Kashable with a strong financial partner that will support us on our journey to expand financial wellness into new communities, employers, and their employees. This partnership enables us to leverage our patented proprietary system and demonstrate an unparalleled ability to look beyond credit scores alone to reward long-term, stable employees,” added Einat Steklov, Co-Founder and Co-CEO of Kashable. “The opportunities this partnership unlocks advance our mission of providing access to affordable credit with the convenience of automated repayments through deep integrations with HRIS and payroll systems.”

    About Medallion Bank

    Medallion Bank specializes in providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners. The Bank works directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a Utah-chartered, FDIC-insured industrial bank headquartered in Salt Lake City and is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN).

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

    About Kashable, LLC

    Kashable is a financial technology company that provides access to Socially Responsible Credit™ and financial wellness solutions for employees, offered as an employer-sponsored voluntary benefit. By partnering with hundreds of employers, Kashable helps to provide access to financial health and wellness tools to millions of employees.

    Founded in 2013, Kashable deploys innovative technology to improve the financial well-being of working Americans with a commitment to both reliability and affordability. Offering a smart, economical, and fast alternative for employees who may otherwise be driven to borrow from retirement plans, high-rate credit cards, or other high-cost loans to bridge short-term gaps in their finances, Kashable focuses on providing a path to financial security.

    For more information, visit Kashable.com.

    Forward-Looking Statements

    Please note that this press release contains forward-looking statements that involve risks and uncertainties relating to business performance, cash flow, costs, sales, net investment income, earnings, returns and growth. These statements are often, but not always, made through the use of words or phrases such as “remain,” “anticipate” or the negative version of this word or other comparable words or phrases of a future or forward-looking nature, such as “look forward.” These statements may relate to our future earnings, returns, capital levels, sources of funding, growth prospects, asset quality and pursuit and execution of our strategy. Medallion Bank’s actual results may differ significantly from the results discussed in such forward-looking statements. For a description of certain risks to which Medallion Bank is or may be subject, please refer to the factors discussed under the captions “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” included in Medallion Bank’s Form 10-K for the year ended December 31, 2023, and in its Quarterly Reports on Form 10-Q, filed with the FDIC. Medallion Bank’s Form 10-K, Form 10-Qs and other FDIC filings are available in the Investor Relations section of Medallion Bank’s website. Medallion Bank’s financial results for any period are not necessarily indicative of Medallion Financial Corp.’s results for the same period.

    Medallion Bank Contact:
    Investor Relations
    212-328-2176
    InvestorRelations@medallion.com

    Kashable Contact:
    Kashable@mww.com

    The MIL Network –

  • MIL-OSI: reAlpha Invests in Xmore AI to Advance AI-Powered Cybersecurity Solutions

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Ohio, Sept. 30, 2024 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (“reAlpha”) (Nasdaq: AIRE), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announced the selection of Xmore AI as the first company to secure investment from its newly launched reAlpha AI Labs, reAlpha’s research and development initiative.

    Xmore AI, co-founded by Dr. Benjamin Yan and Adrian Self, leverages over a decade of research in AI-driven cybersecurity and has developed a platform that consolidates multiple cybersecurity tools into a seamless, AI-driven solution, ensuring that enterprises can operate securely in a rapidly evolving digital environment. Dr. Yan is a Professor of Computer Science and Engineering at Michigan State University. Adrian Self, a cybersecurity professional with extensive experience in blockchain security and embedded systems, complements Dr. Yan’s expertise with his hands-on approach to security assessments and technology integration. This investment marks a strategic milestone for reAlpha AI Labs to accelerate the development of AI technologies and advance technology innovation in the real estate industry.

    Mike Logozzo, President and Chief Operating Officer of reAlpha, emphasized the broader impact of Xmore AI’s technology: “At reAlpha AI Labs, we aim to create an environment where innovative AI startups can thrive. Xmore AI’s focus on cybersecurity aligns with our vision and we believe Xmore AI’s technology will enhance the security and scalability across our AI homebuying platform and our recently acquired portfolio companies.” reAlpha’s recently acquired portfolio companies include Naamche, Hyperfast, Be My Neighbor, and AiChat.

    “Xmore AI represents the next generation of forward-thinking innovation we envisioned to collaborate with when we launched reAlpha AI Labs,” said Vinayak Grover, Associate Vice President of AI Labs at reAlpha. “Their expertise in cybersecurity, particularly for AI operations, will be critical as AI becomes more integrated into enterprise systems.”

    In addition to enhancing reAlpha’s AI homebuying platform through its AI-cybersecurity expertise, Xmore AI is developing a software that will consolidate multiple cybersecurity tools to provide AI-cybersecurity solutions to enterprises in multiple industries. At the core of Xmore AI’s innovation is its ability to address the unique vulnerabilities created by the rapid expansion of AI across industries. We believe Xmore AI is well-positioned to address critical challenges like data privacy, compliance, and risk management, by providing innovative solutions designed to meet the evolving needs of the cybersecurity landscape.

    “With AI becoming more integrated into how businesses operate, it is essential that cybersecurity evolves alongside it,” said Dr. Yan, co-founder and Chief Executive Officer of Xmore AI. “Through our partnership with reAlpha AI Labs, we believe we are in a position to deliver scalable, cutting-edge security solutions that protect enterprises from the emerging risks of AI integration.”

    Launched earlier this year, reAlpha AI Labs is designed to support innovative AI startups with funding, technical resources, and strategic partnerships. By providing early-stage funding along with access to reAlpha’s extensive network, the program is committed to accelerating the growth and efficacy of AI-driven solutions.

    The incubation of Xmore AI not only highlights reAlpha AI Labs’ commitment to cybersecurity, but it also marks reAlpha AI Labs’ broader mission to drive AI advancements across sectors like real estate, fintech, and enterprise technology.

    About reAlpha Tech Corp.

    reAlpha Tech Corp. (Nasdaq: AIRE) is a real estate technology company developing an end-to-end commission-free homebuying platform. Utilizing the power of AI and an acquisition-led growth strategy, reAlpha’s goal is to offer a more affordable, streamlined experience for those on the journey to homeownership. For more information, visit https://www.realpha.com/.

    About Xmore AI

    Xmore AI is developing a software that will offer innovative AI-driven cybersecurity solutions by consolidating multiple cybersecurity tools into a single platform, which will provide real-time risk analysis, vulnerability detection, and IT operations management, all while ensuring privacy by keeping data within the enterprise.

    About the reAlpha Platform

    reAlpha (previously called “Claire”), announced on April 24, 2024, is reAlpha’s generative AI-powered, commission-free, homebuying platform. The tagline: No fees. Just keys.™ – reflects reAlpha’s dedication to eliminating traditional barriers and making homebuying more accessible and transparent.

    reAlpha’s introduction aligns with major shifts in the real estate sector after the National Association of Realtors agreed to settle certain lawsuits upon being found to have violated antitrust laws, resulting in inflated fees paid to buy-side agents. This development is expected to result in the end of the standard six percent sales commission, which equates to approximately $100 billion in realtor fees paid annually. The reAlpha platform offers a cost-free alternative for homebuyers by utilizing an AI-driven workflow that assists them through the homebuying process.

    Homebuyers using the reAlpha platform’s conversational interface will be able to interact with Claire, reAlpha’s AI buyer’s agent, to guide them through every step of their homebuying journey, from property search to closing the deal. By offering support 24/7, Claire is poised to make the homebuying process more efficient, enjoyable, and cost-efficient. Claire matches buyers with their dream homes using over 400 data attributes and provides insights into market trends and property values. Additionally, Claire can assist with questions, booking property tours, submitting offers, and negotiations.

    Currently, the reAlpha platform is under limited availability for homebuyers located in 20 counties in Florida, but reAlpha is actively seeking new MLS and brokerage licenses that will enable expansion into more U.S. states.

    Forward-Looking Statements

    The information in this press release includes “forward-looking statements”. Forward-looking statements include, among other things, statements about Xmore AI’s technology and the reAlpha AI Labs initiative; the anticipated benefits of Xmore AI’s technology and the reAlpha AI Labs initiative; reAlpha’s ability to anticipate the future needs of the short-term rental market; future trends in the real estate, technology and artificial intelligence industries, generally; and reAlpha’s future growth strategy and growth rate. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “could”, “might”, “plan”, “possible”, “project”, “strive”, “budget”, “forecast”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: reAlpha’s limited operating history and that reAlpha has not yet fully developed its AI-based technologies; reAlpha’s ability to commercialize its developing AI-based technologies; whether reAlpha’s technology and products will be accepted and adopted by its customers and intended users; reAlpha’s ability to leverage Xmore AI’s technology and the reAlpha AI Labs initiative into its existing business and the anticipated demand for reAlpha AI Labs collaborations and partnerships; Xmore AI’s ability to develop its software to consolidate cybersecurity tools to provide AI-cybersecurity solutions to enterprises and the anticipated demand for such software; the inability to maintain and strengthen reAlpha’s brand and reputation; the inability to accurately forecast demand for short-term rentals and AI-based real estate focused products; the inability to execute business objectives and growth strategies successfully or sustain reAlpha’s growth; the inability of reAlpha’s customers to pay for reAlpha’s services; changes in applicable laws or regulations, and the impact of the regulatory environment and complexities with compliance related to such environment; and other risks and uncertainties indicated in reAlpha’s U.S. Securities and Exchange Commission (“SEC”) filings. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Although reAlpha believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. reAlpha’s future results, level of activity, performance or achievements may differ materially from those contemplated, expressed or implied by the forward-looking statements, and there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking statements. For more information about the factors that could cause such differences, please refer to reAlpha’s filings with the SEC. Readers are cautioned not to put undue reliance on forward-looking statements, and reAlpha does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Media
    irlabs on behalf of reAlpha
    Fatema Bhabrawala
    fatema@irlabs.ca

    1 https://market.us/report/ai-in-cybersecurity-market/

    The MIL Network –

  • MIL-OSI: Director/PDMR Shareholding

    Source: GlobeNewswire (MIL-OSI)

    Albion Development VCT PLC (the “Company”)
    Director/PDMR Transaction

    Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

    1 Details of the person discharging managerial / persons closely associated
               
    a) Name   James Richard O’Shaughnessy    
               
    2 Reason for notification        
               
    a) Position/status   PDMR/Director    
               
    b) Initial notification/Amendment Initial notification    
               
    3) Details of the issuer, emission allowance market participation, auction platform,
      auctioneer or auction monitor    
               
    a) Name   Albion Development VCT PLC  
               
    b) LEI   213800FDDMBD9QLHLB38  
    4 Details of the transaction(s): section to be repeated for (i) each type of instrument;
      (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
               
    a) Description of the financial instrument, type of instrument   Ordinary shares of nominal value 1 penny each    
               
      Identification code   GB0004832472    
               
    b) Nature of the transaction   Issue of Shares under the Dividend Reinvestment Scheme
               
    c) Price(s) and volume(s)   Price Volume Amount
          £0.9351 940 £879.00
    d) Aggregated information        
               
      – Aggregated volume        
               
    e) Date of the transaction   30 September 2024    
               
    f) Place of the transaction   London Stock Exchange  
       
       
    1 Details of the person discharging managerial / persons closely associated
               
    a) Name   Benjamin Larkin    
               
    2 Reason for notification        
               
    a) Position/status   PDMR/Director    
               
    b) Initial notification/Amendment Initial notification    
               
    3) Details of the issuer, emission allowance market participation, auction platform,
      auctioneer or auction monitor    
               
    a) Name   Albion Development VCT PLC  
               
    b) LEI   213800FDDMBD9QLHLB38  
    4 Details of the transaction(s): section to be repeated for (i) each type of instrument;
      (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
               
    a) Description of the financial instrument, type of instrument   Ordinary shares of nominal value 1 penny each    
               
      Identification code   GB0004832472    
               
    b) Nature of the transaction   Issue of Shares under the Dividend Reinvestment Scheme
               
    c) Price(s) and volume(s)   Price Volume Amount
          £0.9351 15,215 £14,227.55
    d) Aggregated information        
               
      – Aggregated volume        
               
    e) Date of the transaction   30 September 2024    
               
    f) Place of the transaction   London Stock Exchange  

    Name of authorised official of issuer responsible for making notification:

    Albion Capital Group LLP – Company Secretary

    Date of notification

    30 September 2024

    The MIL Network –

  • MIL-OSI: QUADIENT: Signing of a contract with an investment service provider to execute the share buyback program

    Source: GlobeNewswire (MIL-OSI)

     

    Signing of a contract with an investment service provider to execute the share buyback program

    Paris, 30 September 2024

    Quadient S.A. (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, today announces the signing of a share buyback contract with an investment services provider to execute its share buyback program announced Monday 23 September1.

    Under the terms of this contract, Quadient mandates the investment service provider to acquire shares on the market and on its behalf for up to €30 million (total purchase price excluding ancillary costs) over a period of up to 18 months2.

    The share buyback program will be carried out under the authorization granted by the 2024 Annual General Meeting of shareholders held on 14 June 2024, and may be renewed or extended, up to a maximum of 10% of the total number of shares comprising the share capital of the Company as set out in the 19th resolution of the 2024 Annual General Meeting. Quadient intends to cancel the shares acquired through the share buyback program apart from a portion of up to €10 million, which will be dedicated to future equity-based long term incentive plans for employees and management, as set out in the 19th resolution of the 2024 Annual General Meeting.

    The buybacks will be carried out subject to market conditions and in compliance with applicable rules and regulations, including the Market Abuse Regulation 596/2014 and the European Commission Delegated Regulation (EU) 2016/1052. Quadient hereby confirms the absence of any agreement with any of its existing shareholders regarding their potential participation in the share buyback program.

    About Quadient®

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

    For more information about Quadient, visit https://invest.quadient.com/en/

    Contacts

    1Press release announcing the share buyback program can be found here

    2Subject to the renewal of the share buyback authorizations at the 2025 AGM

    Attachment

    The MIL Network –

  • MIL-OSI: Changes in the number of own shares held by Aktia Bank Plc

    Source: GlobeNewswire (MIL-OSI)

    Aktia Bank Plc
    Stock Exchange Release
    30 September 2024 at 1.00 p.m.

    Changes in the number of own shares held by Aktia Bank Plc

    Aktia Bank Plc has today, based on a decision made by the company’s Board of Directors, transferred a total of 4,586 own shares held by the company to eight persons based on the company’s remuneration programs. Of the transferred shares, 2,086 were transferred to six persons as part of variable remuneration previously deferred in accordance with regulation, and 2,500 shares to two persons as part of the Restricted Share Plan.

    The divestment of own shares is based on the authorisation by the Annual General Meeting of Shareholders held on 3 April 2024. After the above-mentioned divestments, a total of 71,490 shares remain in the company’s possession.

    Aktia Bank Plc

    Further information:
    Oscar Taimitarha, Director, Investor Relations, tel. +358 40 562 2315, ir (at) aktia.fi

    Distribution:
    Nasdaq Helsinki Ltd
    Mass media
    http://www.aktia.com

    Aktia is a Finnish asset manager, bank and life insurer that has been creating wealth and wellbeing from one generation to the next for 200 years. We serve our customers in digital channels everywhere and face-to-face in our offices in the Helsinki, Turku, Tampere, Vaasa and Oulu regions. Our award-winning asset management business sells investment funds internationally. We employ approximately 850 people around Finland. Aktia’s assets under management (AuM) on 30 June 2024 amounted to EUR 14.1 billion, and the balance sheet total was EUR 12.4 billion. Aktia’s shares are listed on Nasdaq Helsinki Ltd (AKTIA). aktia.com.

    The MIL Network –

  • MIL-OSI: Total voting rights

    Source: GlobeNewswire (MIL-OSI)

    30 SEPTEMBER 2024

    NORTHERN 2 VCT PLC

    TOTAL VOTING RIGHTS 

    In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), Northern 2 VCT PLC (the “Company”) notifies the market that the capital of the Company as at 30 September 2024 consists of 223,175,719 ordinary shares with a nominal value of 5p each. All the ordinary shares have voting rights. The Company does not hold any ordinary shares in treasury. The total number of voting rights in the Company is therefore 223,175,719 (“the Figure”). The Figure may be used by a shareholder or other person as the denominator for the calculations by which they will determine if they are required to notify the voting rights they hold in relation to the Company, or a change to those voting rights, under the DTRs.

    Enquiries:

    Sarah Williams / James Sly, Mercia Fund Management Limited – 0330 223 1430

    Website: http://www.mercia.co.uk/vcts

    The contents of the Mercia Asset Management PLC website and the contents of any website accessible from hyperlinks on the Mercia Asset Management PLC website (or any other website) are not incorporated into, nor form part of, this announcement.

    The MIL Network –

  • MIL-OSI: Issue of Equity and Total Voting Rights and Capital

    Source: GlobeNewswire (MIL-OSI)

    Albion Development VCT PLC

    Issue of Equity and Total Voting Rights and Capital

    LEI Code 213800FDDMBD9QLHLB38

    Albion Development VCT PLC (the “Company”) announces that, further to the Dividend Reinvestment Scheme (details of which were set out in the Circular issued to shareholders in August 2008), the Company allotted 601,452 Ordinary shares of 1 penny each (the “new ordinary shares”) in the capital of the Company on 30 September 2024. The new ordinary shares were issued at a price of 93.51 pence per ordinary share, comprising the most recent net asset value less the dividend of 2.40 pence per ordinary share.

    Accordingly, application has been made to the UK Listing Authority for the admission of the 601,452 new ordinary shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange’s main market for listed securities and it is expected that dealings will commence on 1 October 2024. The new ordinary shares will rank pari passu in all respects with the existing ordinary shares in issue.

    Following the issue of the new ordinary shares, the capital of the Company as at 30 September 2024 consists of 167,999,646 ordinary shares of which 19,309,045 shares are held in treasury.

    Therefore, the total number of voting rights in the Company is 148,690,601 which may be used by shareholders or other persons as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.

    30 September 2024

    For further information please contact:

    Vikash Hansrani
    Operations Partner
    Albion Capital Group LLP
    Tel: 020 7601 1850

    The MIL Network –

  • MIL-OSI: Form 8.3 – [LEARNING TECHNOLOGIES GROUP PLC] – 27 09 2024 – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 LEARNING TECHNOLOGIES GROUP PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 27 SEPTEMBER 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 10,320,990 1.3029    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 10,320,990 1.3029    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    0.375p ORDINARY SELL 5,700 75.444p
    0.375p ORDINARY SELL 6,291 76.4337p
    0.375p ORDINARY BUY 60 76.9p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 30 SEPTEMBER 2024
    Contact name: DAN SALISBURY
    Telephone number: 01253 376532

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at http://www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Form 8.3 – [KEYWORDS STUDIOS PLC] – 27 09 2024 – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 KEYWORDS STUDIOS PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 27 SEPTEMBER 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 1,382,971 1.7177    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 1,382,971 1.7177    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    1p ORDINARY SELL 700 2432p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 30 SEPTEMBER 2024
    Contact name: DAN SALISBURY
    Telephone number: 01253 376532

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at http://www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Silynxcom Announces $740,000 in Orders for Tactical Communication Equipment from The Israel Defense Forces

    Source: GlobeNewswire (MIL-OSI)

    Silynxcom has received a total of approximately $1,550,000 in orders from the Israel Defense Forces since the beginning of the third quarter of 2024

    Netanya, Israel, Sept. 30, 2024 (GLOBE NEWSWIRE) — Silynxcom Ltd. (NYSE American: SYNX) (“Silynxcom” or the “Company”), a manufacturer and developer of ruggedized tactical communication headset devices, has received additional orders from the Israel Defense Forces (“IDF”) in the amount of $740,000, adding to the $815,000 worth of orders secured since the beginning of July 2024. This brings the total accumulated orders from the IDF to approximately $1,550,000 since the beginning of July 2024. This latest order signals Silynxcom’s growth in the military tactical communication equipment market.

    Silynxcom specializes in developing ruggedized tactical communication headset devices designed to meet the rigorous demands of modern militaries, law enforcement units and industrial sectors. These headsets deliver exceptional audio clarity and reliable communication, which can contribute to safer and more efficient operations for our end-users.

    “We are honored to deepen our partnership with the IDF and continue our mission to protect those who protect us”, said Nir Klein, Chief Executive Officer of Silynxcom. “Our cutting-edge technology provides soldiers with the communication tools they need to be effective in challenging environments.”

    About Silynxcom Ltd.

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

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws and are subject to substantial risks and uncertainties. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. For example, the Company uses forward-looking statements when it discusses: continuing its mission to serve its customers and end-users; and use of its devices for contributing to safer and more efficient operations for its end-users. Forward-looking statements are based on Silynxcom’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Company’s Annual Report on Form 20-F for the year ended December 31, 2023 filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 30, 2024, and other documents filed with or furnished to the SEC which are available on the SEC’s website, http://www.sec.gov. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    INVESTOR RELATIONS CONTACTS:

    Michal Efraty
    IR Manager
    ir@silynxcom.com

    The MIL Network –

  • MIL-OSI: Alliance Trust PLC – Total Voting Rights

    Source: GlobeNewswire (MIL-OSI)

    Alliance Trust PLC (“the Company”)

    Legal Entity Identifier: 213800SZZD4E2IOZ9W55

    Total Voting Rights

    In accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, as at 30 September 2024, the total number of Ordinary shares of 2.5 pence each of the Company in issue is 284,244,600, of which 3,252,000 Ordinary shares are held in Treasury. Therefore, the total number of shares with voting rights is 280,992,600.

    The above figure (280,992,600) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

    For further information, please contact

    Juniper Partners Limited
    Company Secretary

    Enquiries: 0131 378 0500

    The MIL Network –

  • MIL-OSI: Revenues of Latino-Owned Businesses Grew Last Year, But Earnings Fell Due to Rising Expenses, per 2024 Biz2Credit Study

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 01, 2024 (GLOBE NEWSWIRE) — Biz2Credit’s 2024 Latino-Owned Business Study found that while revenues of Latino-owned companies increased (+11.6%), expenses rose more (+ 22.7%), resulting in lower earnings in 2023-24 than in 2022-23 (-$41.1K).

    The annual study examined the performance of Latino-owned small to midsized companies — from early stage to established companies — in the U.S. from July 1, 2023, to June 30, 2024. It examines financial indicators including annual revenue, operating expenses, age of business, and credit scores of both Latino-owned and non-Latino-owned companies.

    “Revenues for small businesses rose overall, largely because of inflation. Earnings were down overall, but the average drop for Latino-owned businesses was not as sharp as for non-Latino-owned businesses,” said Rohit Arora, CEO of Biz2Credit and Biz2X, who oversaw the research. “When we analyzed earnings performance, Latino-owned businesses outperformed the others.”

    Key findings: Latino-owned vs. non-Latino-owned Businesses

    1. The average annual revenue of Latino-owned businesses increased by 11.6% from $601,636 in 2022-23 to $671,360 in 2023-24. Meanwhile, the average annual revenue for non-Latino Businesses increased by 11.5% from $667,204 in 2022-23 to $744,027 in 2023-24.
    2. Average earnings (Annual Revenue – Operating Expenses) for Latino-owned businesses dropped from $113,268 in 2022-23 to $72,168 in 2023-24, a drop of $41,100. Meanwhile, non-Latino-owned businesses declined from $159,365 to $94,237, a drop of $65,128. Overall, earnings across all businesses decreased by 40% year over year.
    3. Operating expenses for Latino-owned firms increased by 22.7% from $488,368 in 2022-23 to $599,192 in 2023-24, resulting in earnings decrease of 36.3% for Latino firms. Meanwhile, operating costs for non-Latino-owned companies increased 28% from $507,849 in 2022-23 to $649,790 in 2023-24, resulting in a 40.9% drop in earnings.
    4. The average personal (FICO) credit score* for Latino owned business increased from 641 in 2022-23 to 647 in 2023-24. In comparison, the personal credit score for non-Latino-owned business increased from 648 to 659 during the same timeframe.
    5. The age of business for Latino-owned business increased from 54 months (4.5 years) in 2022-23 to 64 months in 2023-24. This is an indication of the staying power of Latino-owned companies. In comparison, non-Latino-owned businesses were in operation for an average of 79 months (slightly more than 6.5 years).
    6. The average approved funding amount** for Latino-owned businesses rose from $55,396 in 2022-23 to $75,680 in 2023-24. The amount was $16,662 lower than that for non-Latino-owned businesses, which had $92,342 in 2023-24, up from $75,912 in 2022-23.
    7. The percentage of financing applications submitted by Latino-owned businesses, relative to the total number of submitted applications, increased slightly from 14.8% in 2022-23 to 15% in 2023-24. In 2024, financing applications by Latino-owned businesses increased 14.13% (year-over-year) compared to 2023. That surpassed applications by non-Latino owned businesses, which grew 12.78% year-over-year.
    8. The funding rate for Latino-owned businesses stands at 32%, slightly higher than the 31% rate for non-Latino-owned businesses. The average funded amounts** were $62,371 for Latino-owned businesses and $76,503 for non-Latino-owned firms.
    9. Construction accounted for the largest industry category of Latino-owned companies examined in the study, followed by Other Services (except Public Administration), Accommodation and Food Services, Retail Trade, and Transportation and Warehousing.
    10. By state, nearly one-quarter (24%) of funding requests from Latino-owned firms came from Florida, followed closely by California (19.4%), and then Texas, New York, and New Jersey.

    “Inflationary pressures significantly hurt the earnings of all small businesses in the last year, and Latino-owned firms were not immune. While their revenues rose in 2023-24, their expenses increased almost twice as much,” said Arora. “Profits for Latino-owned companies seeking financing were down 36% on average, as a result.”

    “Many factors combined, including increased labor costs, rising fuel prices, and overall inflation. High interest rates also pinched companies that borrowed money for working capital or expansion,” Arora added. “The good news is that the growth rate of inflation has been easing a bit, and the Federal Reserve has lowered interest rates, thus bringing down the cost of capital.”

    *Average credit score is derived from the personal FICO credit score of business owners
    ** Average approved funding amounts and average funding sizes are determined by the qualifications of funding applications, including FICO scores and business revenues. any discrepancies are driven by these financial metrics.

    Impact of Latino-owned businesses on the U.S. Economy

    The U.S. is home to over 63 million Latinos, accounting for roughly 19% of the nation’s population. Latinos contribute a staggering $3.2 trillion to the economy and own nearly 5 million businesses that collectively generate more than $800 billion annually, according to the Stanford Graduate School of Business Latino Entrepreneurship Initiative (SLEI).

    Further, Latino entrepreneurs are starting businesses at more than twice the rate of the general U.S. population. This increase has led to a higher proportion of new businesses being owned by immigrants overall. In 2023, immigrants were responsible for 36% of new business launches, up from 25% in 2019, according to the U.S. Census Bureau.

    Latino immigrants significantly outpace other groups in business ownership, and they comprise 52% of all Latino-owned businesses. In contrast, only 7% of White-owned employer businesses are immigrant-owned, according to the SLEI. Further, Latino-owned businesses are set to revolutionize the U.S. economy, as Latinos are projected to make up 29% of the population by 2050 and contribute a staggering $1.4 trillion to the U.S. economy, according to JPMorgan Chase.

    Methodology

    Biz2Credit’s 2024 Latino-Owned Business Study is an annual review of the financial performance of Latino-owned small to midsized businesses in the United States, categorized by revenue generation. The study reviewed over 121,000 funding requests from both Latino-owned and non-Latino-owned businesses across all 50 states and 20 industries by analyzing credit inquiries and applications from July 2023 to June 2024.The analysis focused on variables such as submitted applications, annual revenue, operating expenses, business age, personal credit (FICO) scores*, funding rates, and average loan sizes. The study offers insights into the performance of Latino-owned private companies over the past year, using 2022-2023 data to compare average revenue and expenses year-over-year for 2023-2024.

    About Biz2Credit
    Founded in 2007, Biz2Credit has helped thousands of companies access more than $8 billion in small business financing. The company is expanding its industry-leading Biz2X® technology in custom digital platform solutions for banks and other financial institutions, investors, and service providers. Visit http://www.biz2credit.com, Instagram, Facebook, and X (formerly Twitter).

    Media Contact: John Mooney, (908) 720-6057, john@overthemoonpr.com

    The MIL Network –

  • MIL-OSI: OpenHW Group to Join the Eclipse Foundation, Expanding Open Source RISC-V Innovation

    Source: GlobeNewswire (MIL-OSI)

    BRUSSELS and OTTAWA, Oct. 01, 2024 (GLOBE NEWSWIRE) — In a joint announcement today, the Eclipse Foundation, one of the world’s leading open source software foundations, and OpenHW Group, a global leader in developing open source RISC-V processor cores and IP, revealed that OpenHW will become part of the Eclipse Foundation. This strategic collaboration, set to be finalised by December 2024, will accelerate the development of open source hardware technologies, offering a robust, open alternative to proprietary architectures. This move will benefit a wide array of industries, including artificial intelligence (AI), cloud computing, IoT, automotive, and high-performance computing (HPC).

    Founded in 2019, OpenHW Group immediately established a strategic partnership with the Eclipse Foundation, drawing on Eclipse’s expertise to deliver key services, including development processes, IP management, IT infrastructure, and back-office operations. This long-standing collaboration has laid the foundation for a seamless integration, strengthening OpenHW’s mission to provide verified, industrial grade, open source cores that are ready for commercial-grade SoC production.

    As part of this transition, OpenHW Group will be renamed the OpenHW Foundation, bringing its extensive network of more than 100 members and partners into the Eclipse Foundation’s open source ecosystem, including prominent organisations such as Barcelona Supercomputing Center, CEA, Red Hat, Silicon Labs, and Thales. By joining forces with the Eclipse Foundation, OpenHW reinforces its commitment to delivering industry-leading open hardware solutions.

    “Joining the Eclipse Foundation is a transformative moment for OpenHW, solidifying our commitment to delivering trusted open hardware solutions to the global market,” said Florian Wohlrab, CEO of OpenHW Group. “This partnership provides the long-term stability, infrastructure, and open source expertise we need to continue driving innovation in RISC-V hardware, benefiting both our members and the broader industry.”

    Mike Milinkovich, executive director of the Eclipse Foundation, added, “Throughout its five-year history, OpenHW has played a pivotal role in pushing the boundaries of open source hardware. Together, we’re now much better positioned to advance cutting-edge technologies in areas like AI, software-defined vehicles, and the Industrial IoT, further strengthening the role of open source in these critical industries.”

    Bolstering Open Source Hardware Innovation

    By joining the Eclipse Foundation, OpenHW can fully focus on further developing RISC-V hardware, an open, flexible, and cost-effective architecture that enables faster innovation while removing traditional licensing barriers. The open source nature of RISC-V makes it an ideal choice for enterprises looking to disrupt markets, especially in sectors such as AI and automotive, where flexibility and scalability are critical.

    Under the governance of the Eclipse Foundation, the OpenHW Foundation will continue to lead and expand on critical projects and initiatives, including:

    • CVA6: 64/32-bit cores designed for high-performance applications like Linux-based systems. These configurable cores offer an industrial-grade platform for a wide range of applications, including those with advanced safety requirements.
    • CVE4: 32-bit embedded-class cores, optimised for IoT, edge computing, and consumer electronics, powering devices like washing machines, robots, drones, and game controllers. Typically, these cores run real-time operating systems such as Eclipse ThreadX or operate in bare-metal environments.
    • CVE2: Small, power-efficient processors, perfect for deeply embedded control applications, replacing state-machine logic in embedded devices.
    • CVA6 Platform: A vendor-neutral software validation platform supporting a variety of FPGA configurations, including cloud-based solutions like AWS ES2 FPGA instances.
    • Software Initiatives: Ongoing efforts to add extensions, improve compilers, and enhance emulators to ensure robust support for our cores across the latest technologies.

    Join OpenHW and Shape the Future of Open Processor Technologies

    As part of the Eclipse Foundation, the OpenHW Foundation is uniquely positioned to advance its mission of supporting industries ranging from embedded systems to supercomputing. By delivering high-quality, verified RISC-V cores, OpenHW meets the rigorous demands of modern applications, ensuring reliability and innovation across diverse sectors. This transition brings exciting opportunities for both existing and new stakeholders to get involved and help shape the future of open source hardware. We invite members, partners, and other stakeholders to actively engage in advancing RISC-V core development, emulation kits, and software initiatives.

    Whether you’re a developer, researcher, or an organisation, joining the OpenHW Foundation gives you direct access to a vibrant, collaborative community that drives RISC-V-based innovation. Explore opportunities to contribute, influence key initiatives, and make your mark in the open hardware community. New members are welcome to join through the Eclipse Foundation. Visit the Eclipse Membership page to learn how to become part of this exciting new chapter.

    Member Quotes

    Barcelona Supercomputing Center (BSC)
    “At BSC, our mission is to push the boundaries of computer architecture and supercomputing. By working closely with OpenHW, we are contributing to the development of high-performance, open source RISC-V cores that are critical to the future of high-performance computing. We are confident OpenHW joining the Eclipse Foundation will only further enhance this collaboration, offering greater opportunities for impact across the global open hardware ecosystem.” – Miquel Moretó, High Performance Domain-Specific Architectures Group Leader at BSC.

    Bluespec
    “The RISC-V community has made a tremendous impact, with millions of cores already being shipped. We’re excited to see OpenHW Group join the Eclipse Foundation and view it as a significant milestone that will drive innovation across the broader ecosystem. At Bluespec, we recognize the importance of fostering a healthy, open source environment and this collaboration ensures continued development of high-quality, industrial-grade open source RISC-V cores.” – Charlie Hauck, CEO of Bluespec.

    CEA
    “CEA has long been at the forefront of research and development in sectors such as low-carbon energy and microelectronics with its Leti institute. Our collaboration with OpenHW enables us to apply our advanced research to open source processor technology, creating new possibilities for commercial and industrial applications. As a long-time existing Strategic Member of the Eclipse Foundation, we are confident that this transition marks an exciting new chapter in our work with OpenHW, ensuring that we continue to drive meaningful innovation in both open hardware and critical global industries.” – Fabien Clermidy, Head of System Division, CEA-Leti.

    Silicon Labs
    “Silicon Labs is proud to support the OpenHW Foundation’s mission of driving innovation in open source hardware. As a leader in radio modules and wireless technologies, we recognize the importance of robust, verified processor cores that meet the demands of modern IoT applications. The Eclipse Foundation’s strong governance and OpenHW’s RISC-V expertise create a powerful platform for collaboration and growth.” – Daniel Ciooley, CTO and SVP at Silicon Labs

    Thales
    “At Thales, we are deeply committed to advancing cutting-edge technologies, and our collaboration with OpenHW aligns perfectly with this mission. Through initiatives like the Europe Tristan project, we are leveraging open source RISC-V processor cores to deliver innovative, secure solutions for the aerospace and defence sectors. The transition to the Eclipse Foundation strengthens this commitment and positions the OpenHW community to drive further breakthroughs in open hardware.” – Daniel Glazman, CTO Software (KTD), Thales Group.

    About the Eclipse Foundation
    The Eclipse Foundation provides our global community of individuals and organisations with a business-friendly environment for open source software collaboration and innovation. We host the Eclipse IDE, Adoptium, Software Defined Vehicle, Jakarta EE, and over 420 open source projects, including runtimes, tools, specifications, and frameworks for cloud and edge applications, IoT, AI, automotive, systems engineering, open processor designs, and many others. Headquartered in Brussels, Belgium, the Eclipse Foundation is an international non-profit association supported by over 360 members. Visit us at this year’s Open Community Experience (OCX) conference on 22-24 October 2024 in Mainz, Germany. To learn more, follow us on social media @EclipseFdn, LinkedIn, or visit eclipse.org.

    About OpenHW Group
    OpenHW Group is a global non-profit organisation dedicated to developing, verifying, and delivering high quality, open source RISC-V processor cores and related IP for commercial and industrial applications. With its extensive network of more than 100 members and partners, OpenHW is driving the advancement of open source processor technology across cloud, mobile, IoT, AI, automotive, HPC, and other domains. Through its CORE-V Task Group, the organisation ensures industry-aligned, high-quality development, supporting cutting-edge SoC production worldwide. OpenHW is supported by leading innovators such as Barcelona Supercomputer Center (BSC), CEA, Red Hat, Silicon Labs, and Thales. To learn more, visit openhwgroup.org.

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

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

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

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

    The MIL Network –

  • MIL-OSI: LanzaTech Expands Biorefining Platform Capabilities to Include Production of Commercial-scale Nutritional Protein Directly From CO2

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Oct. 01, 2024 (GLOBE NEWSWIRE) — LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the “Company”), the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, materials, and protein, today announced its plans to expand its biorefining platform capabilities to include operations that produce LanzaTech Nutritional Protein (“LNP”) as the primary product. LNP is a microbial protein that is a nutrient-rich alternative to plant and animal-based proteins. By using a new microbe in its proprietary gas fermentation process, LanzaTech’s biorefining platform can produce a cost-competitive protein solution that supports a resilient food supply chain. LNP production has the capability to address food security issues and be produced anywhere in the world, independent of weather extremes. Notably, the production of LNP uses a fraction of the land and water resources that traditional protein sources require. 

    With the development of LNP production facilities, LanzaTech will gain access to the large and growing alternative protein markets, diversifying its customer base, expanding its sources of revenue, and optimizing the value creation driven by its existing, proven platform.

    “Building on the expertise of our commercially operating core gas fermentation process, LNP represents a natural expansion of our business,” said Dr. Jennifer Holmgren, CEO of LanzaTech. “By coupling a new microbial production strain with our existing bioreactor technology, and our years of operating experience, we have developed a path to mass produce protein from CO2. For two years, we’ve operated a pilot facility to prepare for commercialization, and in the process, we’ve partnered with leading brands and food testing organizations for rigorous analysis and prototyping of nutrition applications. We have now progressed into the engineering design phase for a 0.5 to 1.5 ton per day facility, expected to be operational in 2026, and have developed a roadmap to commercial-scale production in 2028.”

    By 2050, the world population is projected to reach 10 billion people, which means an additional 250 million metric tons (“MT”) of protein will be required annually. LanzaTech is extending the power of its gas fermentation platform—which can already produce commercial scale volumes of essential ethanol for apparel, packaging, surfactants, and sustainable aviation fuel—to produce large quantities of protein without straining land and water resources or impacting biodiversity. LNP has a complete amino acid profile and no allergenicity.

    LanzaTech has nearly two decades of experience biorefining carbon-rich feedstocks to produce ethanol as the primary product and protein as a co-product. Leveraging this experience, LanzaTech has developed a solution using CO2 that produces LNP as the primary product. As a leader in gas fermentation, LanzaTech is well positioned to access the $1 trillion and growing alternative protein markets with a cost-competitive product that leverages LanzaTech’s proprietary biorefining platform and that utilizes similar feedstocks to LanzaTech’s current operations. 

    LanzaTech is evaluating potential sites, in collaboration with several partners, for the first pre commercial facilities, planned to be operational in 2026. These facilities are expected to produce between 0.5 to 1.5 tons of LNP per day, and given the high protein content of LNP, 0.5 tons per day of LNP is roughly the equivalent of giving a typical complete daily intake of protein to approximately 9,000 people. 

    Commercial facilities are being designed to produce more than 30,000 MT per annum, or greater than 80 MT per day, with the first of these facilities expected to be operational during 2028. 

    LanzaTech is in the process of completing trials and testing in animal feed and pet food, and is underway with completing the U.S. Food and Drug Administration’s Generally Recognized as Safe (“GRAS”) certification process for LNP’s use in human nutrition formulations.

    The Center for Aquaculture Technologies has successfully tested LNP for fish feed applications and human food and beverage innovation firm Mattson completed thorough protein characterization and food prototyping for dish concepts such as smoothies, dairy-free cheese, and bread.

    LanzaTech has also partnered with the U.S. Navy Research Lab on a joint research and contract development project jointly funded by the Office of the Under Secretary of Defense for Research and Engineering, the Office of Naval Research, and the U.S. Naval Research Laboratory to evaluate the viability of creating nutritional proteins on military platforms.

    “We are excited to collaborate with LanzaTech on this groundbreaking extension of their carbon recycling platform. Together we are exploring the biomanufacturing potential of a nutritional protein product made from CO2 extracted from seawater,” said Dr. Matthew Yates, Research Biologist at the U.S. Naval Research Laboratory. “Integrating LanzaTech’s state of the art gas fermentation technology with the U.S. Naval Research Laboratory’s Seawater Carbon Capture Process presents a valuable opportunity to develop a unique capability to meet the nutritional needs of soldiers and sailors across the Joint Forces while simultaneously enhancing the resilience of military operations in an evolving geopolitical landscape.”

    For more information on LanzaTech and LNP please visit https://lanzatech.com.

    About LanzaTech

    LanzaTech Global, Inc. (NASDAQ: LNZA) is the carbon recycling company transforming waste carbon into sustainable fuels, chemicals, materials, and protein for everyday products. Using its biorecycling technology, LanzaTech captures carbon generated by energy-intensive industries at the source, preventing it from being emitted into the air. LanzaTech then gives that captured carbon a new life as a clean replacement for virgin fossil carbon in everything from household cleaners and clothing fibers to packaging and fuels. By partnering with companies across the global supply chain like ArcelorMittal, Zara, H&M Move, Coty, On, and LanzaJet, LanzaTech is paving the way for a circular carbon economy. For more information about LanzaTech, visit https://lanzatech.com.

    Forward Looking Statements

    This press release includes forward-looking statements regarding, among other things, the plans, strategies, and prospects, both business and financial, of LanzaTech. These statements are based on the beliefs, assumptions, projections and conclusions of LanzaTech’s management. Forward-looking statements are inherently subject to risks, uncertainties and assumptions, many of which are outside LanzaTech’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. LanzaTech cannot assure you that it will achieve or realize these plans, intentions or expectations. Forward-looking statements are not guarantees of future performance, conditions or results, and you should not rely on forward-looking statements. 

    Generally, statements that are not historical facts, including those concerning possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates,” “intends” or similar expressions. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: 

    • Our ability to scale and develop the LNP business to the maturity and levels of efficiency required to realize returns, or to receive the required government and regulatory approvals for the marketing and sale of LNP;
    • Timing delays in the advancement of projects to the final investment decision stage or into construction; 
    • Failure by customers to adopt new technologies and platforms; 
    • Fluctuations in the availability and cost of feedstocks and other process inputs; • The availability and continuation of government funding and support; 
    • Broader economic conditions, including inflation, interest rates, supply chain disruptions, employment conditions, and competitive pressures; 
    • Unforeseen technical, regulatory, or commercial challenges in scaling proprietary technologies, business functions or operational disruptions; and 
    • Other economic, business, or competitive factors, and other risks and uncertainties, including the risk factors and other information contained in LanzaTech’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q, as well as other existing and future filings with the U.S. Securities and Exchange Commission. 

    Any forward-looking statement herein is based only on information currently available to LanzaTech and speaks only as of the date on which it is made. LanzaTech undertakes no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    LanzaTech Global, Inc.
    Investor Relations
    Kate Walsh
    VP, Investor Relations & Tax
    Investor.Relations@lanzatech.com

    Media Relations
    Kit McDonnell
    Director of Communications
    press@lanzatech.com

    The MIL Network –

  • MIL-OSI: Global Net Lease, Inc. Announces Common Stock Dividend for the Fourth Quarter 2024

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 01, 2024 (GLOBE NEWSWIRE) — Global Net Lease, Inc. (“GNL” or the “Company”) (NYSE: GNL / GNL PRA / GNL PRB / GNL PRD / GNL PRE) announced today that it declared a dividend of $0.275 per share of common stock payable on October 16, 2024, to common stockholders of record at the close of business on October 11, 2024.

    Dividends authorized by the Company’s board of directors and declared by the Company are paid on a quarterly basis in arrears during the first month following the end of each fiscal quarter (unless otherwise specified) to common stockholders of record on the record date for such payment.

    About Global Net Lease, Inc.

    Global Net Lease, Inc. is a publicly traded real estate investment trust listed on the NYSE, which focuses on acquiring and managing a global portfolio of income producing net lease assets across the United States, and Western and Northern Europe. Additional information about GNL can be found on its website at http://www.globalnetlease.com.

    Important Notice

    The statements in this press release that are not historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause the outcome to be materially different. The words such as “may,” “will,” “seeks,” “anticipates,” “believes,” “expects,” “estimates,” “projects,” “potential,” “predicts,” “plans,” “intends,” “would,” “could,” “should” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of the Company’s control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include the risks associated with realization of the anticipated benefits of the merger with The Necessity Retail REIT, Inc. and the internalization of the Company’s property management and advisory functions; that any potential future acquisition or disposition by the Company is subject to market conditions and capital availability and may not be identified or completed on favorable terms, or at all. Some of the risks and uncertainties, although not all risks and uncertainties, that could cause the Company’s actual results to differ materially from those presented in its forward-looking statements are set forth in the Risk Factors and “Quantitative and Qualitative Disclosures about Market Risk” sections in the Company’s Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and all of its other filings with the U.S. Securities and Exchange Commission, as such risks, uncertainties and other important factors may be updated from time to time in the Company’s subsequent reports. Further, forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

    Contacts:
    Investor Relations
    Email: investorrelations@globalnetlease.com
    Phone: (332) 265-2020

    The MIL Network –

  • MIL-OSI: Forex Expo Dubai 2024 Breaks Records with Unprecedented Attendance and Sponsors

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Oct. 01, 2024 (GLOBE NEWSWIRE) — Forex Expo Dubai 2024 is set to make history as it breaks records with the highest-ever number of attendees and sponsors in its esteemed legacy. Welcoming participants from across the globe, the event expects more than 15,000+ attendees and features 200+ sponsors, making it the largest gathering of traders, investors, and financial professionals in the Middle East. 

    Celebrating Women in the FX Industry 

    In addition to its record-breaking success, Forex Expo Dubai 2024 is proud to celebrate the growing influence of women in the online trading and financial industries. This year’s event will honour the exceptional contributions of women leading innovation and transformation in the forex sector. Our distinguished women speakers will share insights on topics ranging from trading strategies to fintech advancements, empowering the next generation of female professionals. 

    Featured speakers include: 

    • Razan Assaf, Compliance Manager, Kama Capital LLC
    • Elena Kupriianova, Chief Marketing Officer, Spotware Systems Ltd.
    • Negin Negahdari, Senior Business Development, Exness
    • Maria Gaibor, Senior Business Development Manager, VT MARKETS
    • Nilima Akter, Head of Marketing, Space World Capital
    • Luna Tajik, Chief Executive Officer, Finest 
    • And many more 

    Their participation highlights Forex Expo Dubai’s commitment to promoting diversity, inclusion, and gender equality within the financial sector. 

    A Special Thanks to Our 200+ Exhibitors 

    Forex Expo Dubai 2024 proudly showcases over 200 exhibitors from around the world, featuring the latest trends, technologies, and opportunities in the trading space. We extend our deepest appreciation to all exhibitors for their invaluable contributions, which have solidified this event as a must-attend for industry professionals. 

    To Register, Users Can Click Here: https://bit.ly/4dppQX5 

    About Forex Expo Dubai 2024 

    Forex Expo Dubai 2024 is the premier event for the global trading community, offering a platform for industry leaders, investors, and professionals to connect, learn, and explore the latest trends in online trading. With a focus on innovation, education, and networking, Forex Expo Dubai is where the future of trading comes to life. 

    Contact

    Ms
    ANJALI KUMARI
    HQMENA
    anjali@hqmena.com

    The MIL Network –

  • MIL-OSI: Hut 8 Announces Early Payoff of Outstanding Loan

    Source: GlobeNewswire (MIL-OSI)

    Anchorage Digital converted entire ~$38 million loan balance to common shares at a price of $16.395 per share

    Strengthens Company’s financial position as it advances pipeline of AI and mining infrastructure opportunities

    MIAMI, Oct. 01, 2024 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), a leading, vertically integrated operator of large-scale energy infrastructure and one of North America’s largest Bitcoin miners, today announced the conversion of the entire ~$38 million outstanding balance of its subsidiary’s outstanding loan with Anchorage Lending CA, LLC, a subsidiary of Anchor Labs, Inc. d/b/a Anchorage Digital (“Anchorage Digital”), into common stock of the Company (the “Conversion”).

    “Hut 8 stands out for its conviction to innovation — it’s a key reason that we originally backed them with a loan, and it’s the same reason we’ve now converted that debt to equity,” said Nathan McCauley, Co-Founder and CEO of Anchorage Digital. “In an evolving market, Hut 8 has proven that they can adapt to meet the moment and come out stronger — for the benefit of the company and the digital asset ecosystem at large. We value that kind of resilience on our balance sheet, and our new ownership stake makes that clear.”

    “Our relationship with Anchorage Digital has been instrumental to our growth,” said Asher Genoot, CEO of Hut 8. “We are grateful for their continued support as we scale and diversify our business while maintaining an unwavering focus on disciplined and creative capital deployment.

    “With a strengthened balance sheet and decreased leverage, we believe we are even better positioned to advance discussions with prospective counterparties and execute on the development of next-generation mining and AI data centers.”

    Key Transaction Terms

    Anchorage Digital has converted the ~$38 million outstanding balance of the loan at a price of $16.395 per share of common stock of Hut 8 pursuant to a Debt Repayment Agreement (the “Debt Repayment Agreement”). The share price represents a 51% premium to the 20-Day VWAP through September 26, 2024, the day prior to the signing of the Debt Repayment Agreement.

    Upon completion of the Conversion, the outstanding loan and all other related obligations of the Company and its subsidiaries have been satisfied.

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

    Additional information, including the Debt Repayment Agreement, is available in the Form 8-K that the Company will file with the Securities and Exchange Commission.

    Upcoming Conferences & Events

    • October 7–9, 2024: Yotta 2024
    • October 15, 2024: USC Marshall Energy Business Summit 2024
    • November 13–14, 2024: Cantor Fitzgerald Crypto, Digital Assets & AI Infrastructure Conference 2024
    • November 19, 2024: Craig-Hallum 15th Annual Alpha Select Conference
    • November 19, 2024: Benzinga Future of Digital Assets Conference 2024

    About Hut 8 

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

    Cautionary Note Regarding Forward–Looking Information

    This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events or developments that Hut 8 expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion and growth of the business, operations, plans and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely” or similar expressions. Specifically, such forward-looking information included in this press release includes statements relating to the Company’s advancement of its AI and mining infrastructure pipeline and the Company’s ability to continue scaling and diversifying its business while maintaining an unwavering focus on disciplined and creative capital deployment.

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

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

    Hut 8 Corp. Media Relations
    media@hut8.com

    The MIL Network –

  • MIL-OSI: Form 8.3 – [LEARNING TECHNOLOGIES GROUP PLC] – 30 09 2024 – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 LEARNING TECHNOLOGIES GROUP PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 30 SEPTEMBER 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 10,263,593 1.2956    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 10,263,593 1.2956    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    0.375p ORDINARY SELL 23,492 95.15p
    0.375p ORDINARY SELL 18,905 95.2502p
    0.375p ORDINARY SELL 15,000 95.6p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 01 OCTOBER 2024
    Contact name: DAN SALISBURY
    Telephone number: 01253 376532

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at http://www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Travis Credit Union Launches Generation Wealth at Benicia High School

    Source: GlobeNewswire (MIL-OSI)

    VACAVILLE, Calif., Sept. 26, 2024 (GLOBE NEWSWIRE) — Travis Credit Union (TCU) unveiled Generation Wealth, its newly refreshed and rebranded award-winning, interactive youth financial education initiative, today at Benicia High School. Formerly known as Mad City Money, more than 13,000 students have attended the TCU program since its inception in 2009.

    Generation Wealth is aimed at empowering students with essential skills for successful money management throughout their lives. Through immersive scenarios, participants are tasked with navigating real-life situations that include jobs, salaries, bills, families, and credit scores, giving them a practical understanding of budgeting, saving, and financial decision-making.

    “Wealth means something different to Gen Z than it does to previous generations,” said Steward Pimienta, youth engagement officer at Travis Credit Union. “Each person has their own definition of wealth. We want to make sure all students feel empowered by their definition and comfortable building the foundation to reach their unique financial goals.”

    With expert guidance and discussions, Generation Wealth is designed to provide students with practical experience in managing real-life household budgets using the four pillars of financial wellness:

    • Plan: Employing a financial plan to make manageable decisions, stay on track and be prepared for the unexpected
    • Save: How to meet savings goals and be in control
    • Spend: Using financial tools to manage everyday spending
    • Borrow: Learning how to get the lowest interest rates to stay on budget

    “Generation Wealth is a reimagination of our successful and long-running ‘Mad City Money’ program,” said Jennifer Victor, vice president of branch sales and service at Travis Credit Union. “The new name reflects the ideals of this generation and the concept of generating prosperity. It emphasizes that anyone can achieve their life goals with financial literacy and healthy spending habits.”

    In conjunction with this impactful program, Mayor Steve Young will officially proclaim September 26 as Generation Wealth Day in Benicia, recognizing the importance of youth financial literacy.

    “We’re thankful for our ongoing partnership with Travis Credit Union and the work they do to emphasize the importance of financial literacy for our high school students. Thank you to Joan Westerman for bringing this partnership to Benicia Unified School District to equip and empower our students with the skills they will need to make informed decision and achieve their goals,” remarked Trudy Barrington, chief business officer at Benicia Unified School District.

    For more information about the Generation Wealth program or to get involved, please visit https://traviscu.org/generationwealth or email TCUCommunityRelations@traviscu.org.

    About Travis Credit Union
    Travis Credit Union, based in Vacaville, Calif., has been recognized at the federal, state and local levels for its longstanding financial education and financial advocacy efforts. In 2022, TCU was once again selected as a Best-In-State Credit Union by Forbes. It has also earned the U.S. Air Force Distinguished Credit Union of the Year award in recent years. Founded in 1951 on Travis Air Force Base, TCU today serves 12 Northern California counties. It is the twelfth largest credit union in California, with 250,000 members and $5 billion in assets. Learn more about our mission at traviscu.org.

    The MIL Network –

  • MIL-OSI: GGI, co-founded by MixMarvel and Yeeha! Games, showcasing Major Partnerships and GameFi Innovations at Token2049

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Sept. 26, 2024 (GLOBE NEWSWIRE) — Following its successful appearances at Japan’s WebX and Korea Blockchain Week (KBW), GGI, a Web3 group co-founded by MixMarvel and Yeeha! Games, continued to make waves at Token2049 Singapore, one of the largest blockchain conferences of the year. With exciting new partnerships and a strong presence across major side events, GGI demonstrated its ongoing commitment to leading innovation in the Web3 gaming sector.

    Expanding the Ecosystem with New Partners

    At Token2049, GGI unveiled new ecosystem partners, including ArkForge and SOMSOC, further solidifying its position as a key player in the blockchain gaming space. GGI also held a series of game-related side events in collaboration with some of the most influential ecosystems today, including LINE NEXT and TON, where the future of Web3 gaming was explored in depth. These collaborations highlight GGI’s growing influence and its role in bringing together key players in the industry.

    A New Wave of Games on the Horizon

    Since its inception, GGI has consistently pushed the boundaries of what’s possible in Web3 gaming, achieving significant commercial and business expansion. At Token2049, GGI introduced its latest gaming lineup to partners and players, with titles like SimDunk, which recently launched its Pioneer Test, and upcoming games such as Yokai Odyssey and ATMAN. These titles form part of GGI’s broader publishing strategy, which includes 7 Telegram mini-games, 5 large-scale midcore games, and collaborations with 10 indie studios. Each of these games represents GGI’s commitment to offering diverse, high-quality content that bridges the gap between Web2 and Web3 gaming communities.

    Leading at Token2049’s Premier Events

    As a sponsor, GGI took center stage at the InnoBlock Summit, one of the largest side events of Token2049, hosted by the Asia Blockchain Gaming Alliance (ABGA). Alongside over 100 industry leaders, GGI explored application-layer opportunities in the Web3 space, sharing the stage with pioneers like Catizen, Mythical Games, and Seraph to discuss what it takes to succeed in today’s competitive Web3 gaming landscape. Notably, Nancy, CEO of Yeeha! Games and co-founder of GGI, delivered a keynote at the summit, showcasing Yeeha!’s platform and its mission to become the “Epic Games of Web3.” Attendees were particularly excited about Yeeha!’s upcoming AI-driven gaming solutions, including a natively trained GPT that promises to revolutionize Web3 gaming experiences.

    Co-Hosting for Industry Insights and Collaboration

    GGI also co-hosted a major event for Web3 Gaming Builders and VCs alongside LINE NEXT, Kaia, and ABGA, focusing on how to empower the growing APAC gaming community. During the event, GGI highlighted its comprehensive ecosystem, which spans game incubation, publishing, and infrastructure development. By showcasing premium content and impressive growth metrics, GGI reinforced its vision to create high-quality, engaging gaming experiences that bring Web2 players into the Web3 space.

    Spotlight at the Open Art Conference

    Another key highlight for GGI at Token2049 was its participation in the Open Art Conference, hosted by TON Society, TONX, and Blum at the National Gallery Singapore. With over 8,000 registered participants, this event celebrated TON’s growing ecosystem, where GGI has been an early and active supporter. GGI shared insights on how TON, often seen as a dark horse in the GameFi sector, is poised to have a profound impact on the industry. Additionally, GGI introduced the exciting SOMSOC x Yeeha! collaboration, which includes the HOUSEBOY art collection and the cyber-themed basketball game SimDunk, which officially launched its Pioneer Test on the day of the event, receiving an enthusiastic reception from the gaming community.

    GGI’s Commitment to the Future of Web3 Gaming

    Token2049 Singapore solidified GGI’s reputation as a trailblazer in Web3 gaming, as the company continues to build sustainable partnerships and deliver premium gaming experiences. Amid the challenges and opportunities in this fast-evolving industry, GGI remains dedicated to injecting vitality into the blockchain gaming sector by offering innovative and engaging content for both Web2 and Web3 players.

    With its continued growth and collaboration with top industry partners, GGI is set to shape the future of Web3 gaming for years to come. As it looks ahead to new game launches, partnerships, and innovations, GGI is well-positioned to lead the next wave of GameFi success.

    About GGI

    GGI, the leading Web3 group co-founded by MixMarvel and Yeeha! Games, serving as the definitive gateway to gaming for builders and mass players with cutting-edge infrastructure, platform and top-tier investment, incubation, and publishing services.

    Affiliated Brands:

    • ️MixMarvel
    • ️Yeeha
    • ️Rangers Protocol

    GGI Pillar Services:

    • Investment
    • Content Incubation
    • Game Publishing & Distribution Platform
    • Infrastructure

    Contact Details:
    Connie Wu
    Marketing Manager
    connie.w@yeehagames.com

    ArkForge
    Fay Ying, Co-Founder
    fay@arkforge.gg

    MixMarvel
    Alina Zarelua
    alina@mixmarvel.com

    SOMSOC Gallery
    dongshan@somsoc.jp

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/cc7c6033-cce5-4389-963e-139871a16de0

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2633b4ef-ca1f-4b8b-b1fe-2a585cbf32a7

    The MIL Network –

  • MIL-OSI: SCOR acquires Altarea’s stake in MRM. Following the acquisition, SCOR intends to file a simplified public tender offer

    Source: GlobeNewswire (MIL-OSI)

    Press release
    September 26, 2024 – N° 13

    SCOR acquires Altarea’s stake in MRM.
    Following the acquisition, SCOR intends to file a simplified public tender offer

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

    *

    *        *

    SCOR, a leading global reinsurer

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

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

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

    		 Media Relations
    Alexandre Garcia
    media@scor.com

    Investor Relations
    Thomas Fossard
    tfossard@scor.com

    Follow us on LinkedIn

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

    Attachment

    The MIL Network –

  • MIL-OSI: Mark Cuban Foundation and Florida Power & Light Company Bring Free AI Bootcamp to South Florida Teens

    Source: GlobeNewswire (MIL-OSI)

    JUNO BEACH, Fla., Sept. 26, 2024 (GLOBE NEWSWIRE) — Time is running out to apply to participate in the Mark Cuban Foundation Artificial Intelligence (AI) Bootcamp hosted by Florida Power & Light Company (FPL). Applications for the no-cost bootcamp are closing Sept. 30.

    The Mark Cuban Foundation, in partnership with FPL, is bringing the only AI camp of its kind, free of charge, to high school students in South Florida. With a custom and highly relevant curriculum focused on teaching students about the latest developments in the world of AI and Generative AI, the camp will provide the tools to make these technologies work for them and promises to educate, inspire and fuel the next generation of information technology (IT) professionals.

    The program aims to provide students with a foundational understanding of AI and its applications to future careers. Students can select from six tracks: healthcare, arts and entertainment, business and entrepreneurship, computer science, sports science, or education and career readiness. Driven by the belief that fostering interest in AI at a young age is crucial for preparing the next generation, the AI Bootcamps are introductory and accessible to students in 9-12 grade with an interest in technology. Students do not need any familiarity with computer science or programming to attend.

    This free AI Bootcamp is hosted for economically disadvantaged high school students. Students are provided with lunch and a snack, transportation assistance, and technology equipment during the bootcamp.

    “As AI continues to become an undeniable force in all of our lives, it’s crucial that we open the door to this knowledge, especially to young people who want to explore it,” said Mark Cuban, founder. “While technology expands and becomes more advanced, it becomes more critical that we ensure our students are prepared when they apply for schools or jobs in the future. Thanks to our work with FPL, the bootcamp will offer an avenue to explore this fascinating field of technology to any student, no matter their means.”

    This year’s bootcamp, taking place at FPL’s James L. Robo campus in Palm Beach Gardens on Nov. 2, 9 and 16, will be hosted and staffed by FPL.

    FPL is one of more than 30 companies selected to host camps across the U.S.

    “We’re honored to host these workshops,” said Grace Kurian, VP, IT technology solutions and operations at NextEra Energy, Inc., who led the launch of the AI Bootcamp in Palm Beach County. “South Florida continues to grow into a vast tech hub. I’m grateful for the investment by the Mark Cuban Foundation and FPL, which is strengthening our communities and opportunities for our future tech leaders of tomorrow.”

    The Sept. 30 deadline is approaching quickly. Do not miss your chance – submit your application now, as spaces are limited.

    Apply for the bootcamp at: markcubanai.org.

    Watch Mark Cuban’s message about Mark Cuban Foundation’s AI bootcamps and access the full media kit here.

    To learn more, visit markcubanai.org.

    Media Contact:
    Bishop.wash@markcubanai.org

    This bootcamp is facilitated with support from Mark Cuban Foundation AI Bootcamp Program’s media partner, Notified, a globally trusted technology partner for investor relations, public relations and marketing professionals.

    About Mark Cuban Foundation’s AI Bootcamp Initiative
    The Mark Cuban Foundation is a 501(c)(3) private non-profit led by entrepreneur and investor Mark Cuban. The AI Bootcamps Program at MCF seeks to inspire young people with emerging technology so that they can create more equitable futures for themselves and their communities. Over 3 consecutive Saturdays underserved 9th -12th grade students learn what AI is and isn’t, where they already interact with AI in their own lives, the ethical implications of AI systems, and much more. Learn more about the no-cost AI Bootcamp program at markcubanai.org.

    About FPL
    As America’s largest electric utility, Florida Power & Light Company serves more customers and sells more power than any other utility, providing clean, affordable, reliable electricity to approximately 5.9 million accounts, or more than 12 million people. FPL operates one of the most fuel efficient and cleanest power generation fleets in the U.S and in 2022 won the ReliabilityOne® National Reliability Award for the seventh time in the last nine years. The company was also recognized by Escalent in 2022 as one of the most trusted U.S. electric utilities for the ninth consecutive year. FPL is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. (NYSE: NEE), a clean energy company widely recognized for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity. NextEra Energy is also the parent company of NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world’s largest generator of renewable energy from the wind and sun and a world leader in battery storage. For more information about NextEra Energy companies, visit these websites: http://www.NextEraEnergy.com, http://www.FPL.com, http://www.NextEraEnergyResources.com.  

    The MIL Network –

  • MIL-OSI: Mark Cuban Foundation and Florida Power & Light Company Bring Free AI Bootcamp to South Florida Teens

    Source: GlobeNewswire (MIL-OSI)

    JUNO BEACH, Fla., Sept. 26, 2024 (GLOBE NEWSWIRE) — Time is running out to apply to participate in the Mark Cuban Foundation Artificial Intelligence (AI) Bootcamp hosted by Florida Power & Light Company (FPL). Applications for the no-cost bootcamp are closing Sept. 30.

    The Mark Cuban Foundation, in partnership with FPL, is bringing the only AI camp of its kind, free of charge, to high school students in South Florida. With a custom and highly relevant curriculum focused on teaching students about the latest developments in the world of AI and Generative AI, the camp will provide the tools to make these technologies work for them and promises to educate, inspire and fuel the next generation of information technology (IT) professionals.

    The program aims to provide students with a foundational understanding of AI and its applications to future careers. Students can select from six tracks: healthcare, arts and entertainment, business and entrepreneurship, computer science, sports science, or education and career readiness. Driven by the belief that fostering interest in AI at a young age is crucial for preparing the next generation, the AI Bootcamps are introductory and accessible to students in 9-12 grade with an interest in technology. Students do not need any familiarity with computer science or programming to attend.

    This free AI Bootcamp is hosted for economically disadvantaged high school students. Students are provided with lunch and a snack, transportation assistance, and technology equipment during the bootcamp.

    “As AI continues to become an undeniable force in all of our lives, it’s crucial that we open the door to this knowledge, especially to young people who want to explore it,” said Mark Cuban, founder. “While technology expands and becomes more advanced, it becomes more critical that we ensure our students are prepared when they apply for schools or jobs in the future. Thanks to our work with FPL, the bootcamp will offer an avenue to explore this fascinating field of technology to any student, no matter their means.”

    This year’s bootcamp, taking place at FPL’s James L. Robo campus in Palm Beach Gardens on Nov. 2, 9 and 16, will be hosted and staffed by FPL.

    FPL is one of more than 30 companies selected to host camps across the U.S.

    “We’re honored to host these workshops,” said Grace Kurian, VP, IT technology solutions and operations at NextEra Energy, Inc., who led the launch of the AI Bootcamp in Palm Beach County. “South Florida continues to grow into a vast tech hub. I’m grateful for the investment by the Mark Cuban Foundation and FPL, which is strengthening our communities and opportunities for our future tech leaders of tomorrow.”

    The Sept. 30 deadline is approaching quickly. Do not miss your chance – submit your application now, as spaces are limited.

    Apply for the bootcamp at: markcubanai.org.

    Watch Mark Cuban’s message about Mark Cuban Foundation’s AI bootcamps and access the full media kit here.

    To learn more, visit markcubanai.org.

    Media Contact:
    Bishop.wash@markcubanai.org

    This bootcamp is facilitated with support from Mark Cuban Foundation AI Bootcamp Program’s media partner, Notified, a globally trusted technology partner for investor relations, public relations and marketing professionals.

    About Mark Cuban Foundation’s AI Bootcamp Initiative
    The Mark Cuban Foundation is a 501(c)(3) private non-profit led by entrepreneur and investor Mark Cuban. The AI Bootcamps Program at MCF seeks to inspire young people with emerging technology so that they can create more equitable futures for themselves and their communities. Over 3 consecutive Saturdays underserved 9th -12th grade students learn what AI is and isn’t, where they already interact with AI in their own lives, the ethical implications of AI systems, and much more. Learn more about the no-cost AI Bootcamp program at markcubanai.org.

    About FPL
    As America’s largest electric utility, Florida Power & Light Company serves more customers and sells more power than any other utility, providing clean, affordable, reliable electricity to approximately 5.9 million accounts, or more than 12 million people. FPL operates one of the most fuel efficient and cleanest power generation fleets in the U.S and in 2022 won the ReliabilityOne® National Reliability Award for the seventh time in the last nine years. The company was also recognized by Escalent in 2022 as one of the most trusted U.S. electric utilities for the ninth consecutive year. FPL is a subsidiary of Juno Beach, Florida-based NextEra Energy, Inc. (NYSE: NEE), a clean energy company widely recognized for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity. NextEra Energy is also the parent company of NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world’s largest generator of renewable energy from the wind and sun and a world leader in battery storage. For more information about NextEra Energy companies, visit these websites: http://www.NextEraEnergy.com, http://www.FPL.com, http://www.NextEraEnergyResources.com.  

    The MIL Network –

  • MIL-OSI: Mark Cuban Foundation and Northeastern University Bring Free AI Bootcamp to Miami Teens

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Sept. 26, 2024 (GLOBE NEWSWIRE) — Time is running out to apply to participate in the Mark Cuban Foundation Artificial Intelligence (AI) Bootcamp hosted by Northeastern University in Miami. Applications for the no-cost bootcamp are closing September 30.

    The Mark Cuban Foundation, in partnership with Northeastern University is bringing the only artificial intelligence (AI) camp of its kind, free of charge, to high school students in Miami. With a custom and highly relevant curriculum focused on teaching students about the latest developments in the world of AI and Generative AI, the camp will provide the tools to make these technologies work for them and promises to educate, inspire and fuel the next generation of AI professionals.

    The program aims to provide students with a foundational understanding of artificial intelligence and its applications to future careers. Students can select from six tracks: healthcare, arts and entertainment, business and entrepreneurship, computer science, sports science, or education and career readiness. Driven by the belief that fostering interest in AI at a young age is crucial for preparing the next generation for their future, the AI Bootcamps are introductory and accessible to students in 9-12 grade with an interest in technology. Students do not need any familiarity with computer science or programming to attend.

    This free AI Bootcamp is hosted for underserved high school students with a transparent focus on recruiting girls, students of color, first generation college students, and those from low to moderate income households. The AI Bootcamp Program provides students with lunch and a snack, transportation assistance, and technology equipment during bootcamp.

    “As AI continues to become an undeniable force in all of our lives, it’s crucial that we open the door to this knowledge, especially to young people who want to explore it,” said Mark Cuban, founder. “While technology expands and becomes more advanced, it becomes more critical that we ensure our students are prepared when they apply for schools or jobs in the future. Thanks to our work with Northeastern University, the bootcamp will offer an avenue to explore this fascinating field of technology to any student, no matter their means.”

    This year’s bootcamp will take place at the Miami campus on November 2nd, 9th, and 16th. Northeastern University is one of 30+ host companies selected to host camps across the US.

    “We are excited to partner with the Mark Cuban Foundation and host its AI Bootcamp on our campus later this Fall,” said Maria Alonso, Regional Dean and CEO of Northeastern University Miami Campus. “Ensuring our community’s youth can learn more about artificial intelligence and its applications will establish a strong foundation to ensure they are ready and competitive as they continue their education and, eventually, enter the global workforce of the future.”

    The September 30 deadline is quickly approaching. Do not miss your chance—submit your application now, as spaces are limited. Apply for the bootcamp at: markcubanai.org.

    Watch Mark Cuban’s message about Mark Cuban Foundation’s AI bootcamps and access the full media kit here.

    To learn more, visit markcubanai.org.

    Media Contact:
    Bishop.wash@markcubanai.org

    This bootcamp is facilitated with support from Mark Cuban Foundation AI Bootcamp Program’s media partner, Notified, a globally trusted technology partner for investor relations, public relations and marketing professionals.

    About Mark Cuban Foundation’s AI Bootcamp Initiative
    The Mark Cuban Foundation is a 501(c)(3) private non-profit led by entrepreneur and investor Mark Cuban. The AI Bootcamps Program at MCF seeks to inspire young people with emerging technology so that they can create more equitable futures for themselves and their communities. Over 3 consecutive Saturdays underserved 9th -12th grade students learn what AI is and isn’t, where they already interact with AI in their own lives, the ethical implications of AI systems, and much more. Learn more about the no-cost AI Bootcamp program at markcubanai.org.

    About Northeastern University
    Founded in 1898, Northeastern University is a global research university with an R1 Carnegie classification, and the recognized leader in experiential lifelong learning. Northeastern’s global university system includes 13 campuses across the U.S., U.K., and Canada, and serves as a platform for scaling ideas, talent, and solutions. Students study, conduct research, and work on co-op in 149 countries and on all continents. The university has 300,000-plus alumni and more than 3,500 industry partners worldwide.

    The MIL Network –

  • MIL-OSI: Healthcare costs at a post-pandemic high, US employers prioritize affordability and wellbeing

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 26, 2024 (GLOBE NEWSWIRE) — As the cost of healthcare in the U.S. rises to a record high since the COVID-19 pandemic, nearly half of employers expect healthcare costs will exceed budget projections this year. In response, employers are embracing different approaches to safeguard program affordability for their companies as well as for their employees. While focusing on more competitive, cost-effective plan designs to control costs, they are seeking to maintain employee wellbeing, according to a new survey by WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company.

    WTW’s 2024 Best Practices in Healthcare Survey found that U.S. employers project their healthcare costs will increase by 7.7% in 2025, compared with 6.9% in 2024 and 6.5% in 2023. As a result of this uptick in costs, employers are reaching beyond traditional cost-shifting strategies to improve healthcare affordability and employee health. More than half of employers (52%) plan to implement programs that will reduce total costs, and just as many (51%) intend to adopt plan design and network strategies that steer to lower-cost, higher-quality providers and sites of care. Only 34% expect to shift costs to employees through premium contributions, and just 20% will promote account-based health plans or high-deductible health plans.

    “The cost of healthcare has been rising steadily for years. With cost increases reaching a post-pandemic high, companies are concerned about the burden it’s putting on their workforces, especially since it affects decisions about insurance coverage and care,” said Tim Stawicki, chief actuary, Health & Benefits, WTW. “To tackle high prices and other causes driving increased spending, companies are pursuing initiatives that are beyond cost-shifting.”

    These initiatives are focused within the prescription drug space as well, with strong interest in alternative drug channels and pricing. According to the survey, 21% of employers are planning for or considering promoting drug discount cards or direct-to-consumer prescription delivery to lower out-of-pocket costs in the next two years; 18% expect to allow members to purchase drugs through a retail or “cost plus” outlet, and 17% expect to have an acquisition cost pharmacy benefit manager (PBM) contract structure.

    Other proactive efforts to control costs over the next two years include taking vendor/health plans out to bid (43%), evaluating employee assistance programs/mental health programs (38%), and exploring narrow networks (30%) and centers of excellence (25%). Additionally, employers continue to explore new technology-enabled solutions for managing costs, with 54% exploring navigation or technology that shares provider price and quality information with members.

    To support affordability and employee wellbeing, employers’ top focus areas are obesity and weight management (40%), cancer and oncology (34%), cardiovascular health (28%) and women’s health (27%).

    Employers are still contending with the continued demand for high-cost weight loss medications. While most employers are maintaining coverage for obesity medications with some restrictions, those not offering coverage today state cost and safety as the biggest barriers. Employers are eager to consider safe and effective lower-cost alternatives; 48% of employers expressed interest in compounded GLP-1 medications available through certain vendors at much lower costs.

    “To navigate the current healthcare environment, companies need to proactively address cost challenges and implement effective risk management strategies,” said Courtney Stubblefield, managing director, Health & Benefits, WTW. “By doing so, they can mitigate financial risks, support the wellbeing of their workforce and achieve long-term sustainability.”

    Other survey findings:

    • Employers report the greatest opportunities for artificial intelligence in supporting health and benefits are navigation solutions (64%) and communication (58%).
    • More than two-thirds (67%) of employers provide coverage for fertility services beyond diagnosis of infertility, including in vitro fertilization and medications.
    • To lower costs, 73% of employers plan to carve out pharmacy benefits over the next few years, and 27% would consider a smaller PBM that offers alternate pricing models.

    About the survey

    A total of 417 employers participated in the 2024 Best Practices in Healthcare Survey, which was conducted in June and July 2024. Respondents employ 6 million employees.

    About WTW

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

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

    Media contacts:

    Ileana Feoli
    ileana.feoli@wtwco.com

    Stacy Bronstein
    stacy.bronstein@wtwco.com

    The MIL Network –

  • MIL-OSI: Proactis SA – announcement January 2024

    Source: GlobeNewswire (MIL-OSI)

        Proactis SA announces results for
    the 18 months period ended 31 January 2024

    Paris – 26thSeptember 2024 – Proactis SA (Euronext: PROAC), a leading provider of comprehensive spend management and business process collaboration solutions, today announced financial information for the year ended 31 January 2024, in accordance with the “European Transparency Obligations Directive” financial disclosure requirements.

    It should be noted at the outset that publication of the results for the year ended January 31, 2024, was originally scheduled for May 31, 2024. Unfortunately, Proactis SA was unable to keep to this timetable, as its statutory auditors were unwilling to issue their reports on the accounts for the period just ended before the completion of the audit of the accounts of Proactis SA’s parent company by the group’s UK auditors.

    Period ended 31 January 2024 – Key Results:

    The Proactis SA Board of Directors approved the accounts for the 18 months period ended 31 January 2024 on 10th September 2024, which have been formally certified by the auditors.  

    € Million   Period ended 31 January 2024 -18 Months   Year ended 31 July 2022 – 12 Months
       
    Revenue   17.9   14.4
       
    EBITDA (*)   2.0   2.8
       
    EBITDA as a % of revenue   11%   19%
    Net Earnings   (16.6)   0.3
       
    Operating Cashflow   3.2   2.3
       
    Cash   0.6   0.9
       
     
    (*) EBITDA: Operating result before depreciation and non-recurring items.    

    Presentation is done on 18 months due to the year-end date change to align with the Proactis Topco Limited Group year-end date change.

    Revenues

    Although the turnover of the Group looks greater due to the change in year-end; it is below the level of the prior period. This is mainly due to the non-renewal of 3rd party solution contracts at the end of contract, or non-renewal of contract in specific non-core product areas. Revenue as presented includes revenue from the Group management fees and split is as follow:

    € Million   Period ended
    31 January 2024    		   Year ended
    31 July 2022
       
             
    Revenue   17.9   14.4
             
    Operating revenue   11.3   9.8
    Management fees   6.6   4.6

    Goodwill Impairment

    Based on the value in use calculations established for the Proactis SA Group, it has been necessary to recognise an impairment. The value in use calculation reflects pipeline conversion delay and the slowdown in volume-related activities during the period under review. The recoverable amount was estimated based on their value in use of €3.3M. An impairment of €3.5M has therefore been recorded.

    Other operating expenses

    Proactis SA Group has recorded a depreciation of 10.9 million euros on the receivables it owns against the current accounts with sister entities. This write-down was recorded at the request of Proactis SA’s statutory auditors. These current accounts result from intra-group transfer pricing billing and are not likely to be repaid in the short term.

    Profitability

    The Company recorded an EBITDA for the period ended 31 January 2024 of €2.0M (€2.8M for the year ended 2022).

    Net Earnings were € (16.6)M versus year ended 31 July 2022: € 0.3M.

    Cashflow

    In the period ended 31 January 2024, the Group‘s operating cash-flow was €3.2M. Capital investment remained strong, at €3.0M, and was focused on the Company’s strategic solution suite; The Business Network. The Group had positive cash balances of €0.6M on 31 January 2024 (31 July 2022: €0.9M).

    * * * *

    About Proactis SA (https://www.proactis.com/proactis-sa), a Proactis Company

    Proactis SA connects companies by providing business spend management and collaborative business process automation solutions for both goods and services, through The Business Network. Our solutions integrate with any ERP or procurement system, providing our customers with an easy-to-use solution which drives adoption, compliance and savings.

    Proactis SA has operations in France, Germany, USA and Manila.

    Listed in Compartment C on the Euronext Paris Eurolist.

    ISIN: FR0004052561, Euronext: PROAC, Reuters: HBWO.LN, Bloomberg: HBW.FP

    Contacts
    Tel: +33 (0)1 53 25 55 00
    E-mail: investorContact@proactis.com

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    The MIL Network –

  • MIL-OSI: First Bank Announces Third Quarter 2024 Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    HAMILTON, N.J., Sept. 26, 2024 (GLOBE NEWSWIRE) — First Bank (Nasdaq Global Market: FRBA) invites participation in a conference call to discuss the Company’s financial and operating performance during its third quarter ending on September 30, 2024.

    Event: Earnings Conference Call – Third Quarter 2024
         
    When: Thursday, October 24, 2024 at 9:00 a.m. Eastern Time
         
    Access: Conference Call Dial-In: (800) 715-9871 (toll free) 
         
      Conference Call Access Code: 1578641
         

    Patrick L. Ryan, President and Chief Executive Officer, Andrew L. Hibshman, Chief Financial Officer, Peter J. Cahill, Chief Lending Officer, and Darleen Gillespie, Chief Retail Banking Officer will provide an overview of third quarter 2024 results. The management presentation typically lasts approximately fifteen to thirty minutes, followed by investor questions and discussion. The Company’s third quarter results will be released after the market closes on Wednesday, October 23, 2024 and will also be available in the “Investor Relations” section of the Company’s website. Conference replay information is also available on the Company’s website, http://www.firstbanknj.com.

    About First Bank
    First Bank is a New Jersey state-chartered bank with 26 full-service branches in Cinnaminson, Delanco, Denville, Ewing, Fairfield, Flemington (2), Hamilton, Lawrence, Monroe, Pennington, Randolph, Somerset, Williamstown, and Morristown, New Jersey, Doylestown, Trevose, Warminster, West Chester, Paoli, Malvern, Coventry, Devon, Lionville, Glen Mills, Pennsylvania, and Palm Beach, Florida. With $3.62 billion in assets as of June 30, 2024, First Bank offers a traditional range of deposit and loan products to individuals and businesses mainly throughout the New York City to Philadelphia corridor. First Bank’s common stock is listed on the Nasdaq Global Market exchange under the symbol “FRBA”.

    Contact
    Andrew L. Hibshman, Executive Vice President and CFO
    (609) 643-0058, andrew.hibshman@firstbanknj.com

    The MIL Network –

  • MIL-OSI: DIAGNOS Announces Voting Results of Meeting of Shareholders

    Source: GlobeNewswire (MIL-OSI)

    BROSSARD, Quebec, Sept. 26, 2024 (GLOBE NEWSWIRE) — DIAGNOS Inc. (“DIAGNOS” or the “Corporation”) (TSX Venture: ADK) (OTCQB: DGNOF), a pioneer in early detection of critical health issues through the use of Artificial Intelligence (AI) technologies, announces the voting results of its annual general and special meeting of shareholders held on September 25, 2024.

    Election of directors
    The following directors were elected to hold office until the closing of the next annual meeting of the shareholders; Mr. André Larente, Mr. Francis Bellido, Mr. Robert Dunn, Mr. Michael Braeuel and Mr. Philippe Couillard.

    Appointment of auditor
    Raymond Chabot Grant Thornton LLP was re-appointed as auditor of the Corporation for the ensuing year.

    Amendment to the stock option plan
    The shareholders of the Corporation approved a special resolution pursuant to which the maximum number of common shares of the Corporation that may be issued under the stock option plan (the “Plan”) be set at 12,200,000, representing an increase of 2,000,000 common shares.

    Some of the provisions of the Plan were amended to comply with the current version of Policy 4.4 of the TSX Venture exchange. Please refer to the 2024 Management Information Circular of the Corporation available on Sedar+ for the updated version of the Plan.

    The amendments to the Plan remain subject to the TSX Venture acceptance.

    About DIAGNOS
    DIAGNOS is a publicly traded Canadian corporation dedicated to early detection of critical health problems based on its FLAIRE Artificial Intelligence (AI) platform. FLAIRE allows for quick modifying and developing of applications such as CARA (Computer Assisted Retina Analysis). CARA’s image enhancement algorithms provide sharper, clearer and easier-to-analyze retinal images. CARA is a cost-effective tool for real-time screening of large volumes of patients.

    Additional information is available at http://www.diagnos.ca and http://www.sedarplus.com.

    This news release contains forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in these statements. DIAGNOS disclaims any intention or obligation to publically update or revise any forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information contained in this news release is expressly qualified by this cautionary statement.

    Neither the 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 –