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  • MIL-OSI: Westhaven Announces Brokered Private Placement for Gross Proceeds of Up to C$5.0 Million

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

    VANCOUVER, British Columbia, Sept. 25, 2024 (GLOBE NEWSWIRE) — Westhaven Gold Corp. (TSX-V:WHN) (“Westhaven” or the “Company”) is pleased to announce that the Company has entered into an agreement with Red Cloud Securities Inc. (the “Agent”) to act as sole agent and bookrunner in connection with a best efforts, private placement (the “Marketed Offering“) for aggregate gross proceeds of up to C$5,000,000 from the sale of the following:

    • 10,000,000 units of the Company (each, a “Unit”) at a price of C$0.15 per Unit for gross proceeds of up to C$1,500,000 from the sale of Units; and
    • gross proceeds of up to C$3,500,000 from the sale of any combination of (i) common shares of the Company that will quality as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (each, a “Traditional FT Share”) at a price of C$0.175 per Traditional FT Share and (ii) flow-through units of the Company to be sold to charitable purchasers (each, a “Charity FT Unit”, and collectively with the Units and Traditional FT Shares, the “Offered Securities”) at a price of C$0.22 per Charity FT Unit.

    Each Unit will consist of one common share of the Company (each, a “Unit Share”) and one half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Charity FT Unit will consist of one Traditional FT Share and one half of one Warrant. Each Warrant shall entitle the holder to purchase one common share of the Company (each, a “Warrant Share”) at a price of C$0.22 at any time on or before that date which is 24 months after the closing date of the Offering (as defined below).

    The Agent will have an option, exercisable in full or in part, up to 48 hours prior to the closing of the Offering, to sell up to an additional C$1,000,000 in any combination of Units, Traditional FT Shares and Charity FT Units at their respective offering prices (the “Agents’ Option” and together with the Marketed Offering, the “Offering”).

    Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), those Units, Traditional FT Shares and Charity FT Units representing gross proceeds of up to C$5,000,000 (the “LIFE Securities”) will be offered for sale to purchasers in the provinces of Alberta, British Columbia, Manitoba, Ontario and Saskatchewan (the “Canadian Selling Jurisdictions”) pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Listed Issuer Financing Exemption”). The Unit Shares, Traditional FT Shares, Warrants and Warrant Shares issuable pursuant to the sale of the LIFE Securities are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada. The Units may also be sold in offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933 (the “U.S. Securities Act“), as amended.

    Any Units and Charity FT Units sold in excess of gross proceeds of C$5,000,000 as well as the Traditional FT Shares (collectively, the “Non-LIFE Securities”) will be offered by way of the “accredited investor” and “minimum amount investment” exemptions under NI 45-106 in the Canadian Selling Jurisdictions, or in the case of the Units, also in offshore jurisdictions and the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the U.S. Securities Act. The Unit Shares, Traditional FT Shares, Warrants and Warrant Shares issuable from the sale of Non-LIFE Securities will be subject to a hold period ending on the date that is four months plus one day following the closing date of the Offering under applicable Canadian securities laws.

    The Company intends to use the net proceeds from the sale of Units for working capital and general corporate purposes. The gross proceeds from the issuance of the Traditional FT Shares and the Charity FT Units will be used for Canadian exploration expenses on the Company’s mineral projects in British Columbia and will qualify as “flow-through mining expenditures”, as defined in subsection 127(9) of the Income Tax Act (Canada) (the “Qualifying Expenditures”), which will be incurred on or before December 31, 2025 and renounced to the subscribers with an effective date no later than December 31, 2024 in an aggregate amount not less than the gross proceeds raised from the issue of the Traditional FT Shares and Charity FT Units.

    The Offering is scheduled to close on or around October 15, 2024, or such other date as the Company and the Agent may agree, and is subject to certain conditions including, but not limited to, receipt of all necessary approvals including the approval of the TSX Venture Exchange.

    The Company will pay to the Agent a cash commission of 6% of the gross proceeds raised in respect of the Offering (the “Agents’ Commission”). In addition, the Company will issue to the Agent warrants of the Company (each warrant, a “Broker Warrant”), exercisable for a period of 24 months following the Closing Date, to acquire in aggregate that number of common shares of the Company which is equal to 6% of the number of Offered Securities sold under the Offering at an exercise price equal to C$0.15 per Common Share.

    There is an offering document related to the Offering that can be accessed under the Company’s profile at http://www.sedarplus.ca and on the Company’s website at http://www.westhavengold.com. Prospective investors should read this offering document before making an investment decision.

    To the extent that any directors and/or officers the Company participate in the Offering, such participation will constitute a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101“). The Company expects any participation by directors and officers in the Offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101 based on the fact that neither the fair market value of the Units, Traditional FT Shares or Charity FT Units subscribed for by directors and officers, nor the consideration for such securities to be paid by them, will exceed 25% of the Company’s market capitalization.

    The securities offered have not been, nor will they be, registered under the U.S. Securities Act, as amended, or any state securities law, and may not be offered, sold or delivered, directly or indirectly, within the United States, or to or for the account or benefit of U.S. persons, absent registration or an exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.

    On behalf of the Board of Directors

    WESTHAVEN GOLD CORP.

    “Gareth Thomas”

    Gareth Thomas, President, CEO & Director

    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.

    About Westhaven Gold Corp.

    Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls 60,950 hectares (609.5 square kilometres) with four gold properties spread along this underexplored belt. The Shovelnose property is situated off a major highway, near power, rail, large producing mines, and within commuting distance from the city of Merritt, which translates into low-cost exploration. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-681-5558 or visit Westhaven’s website at http://www.westhavengold.com

    Forward Looking Statements:

    This press release contains “forward-looking information” within the meaning of applicable Canadian and United States securities laws, which is based upon the Company’s current internal expectations, estimates, projections, assumptions and beliefs. The forward-looking information included in this press release are made only as of the date of this press release. Such forward-looking statements and forward-looking information include, but are not limited to, statements concerning the Company’s expectations with respect to the Offering; the use of proceeds of the Offering; completion of the Offering and the date of such completion. Forward-looking statements or forward-looking information relate to future events and future performance and include statements regarding the expectations and beliefs of management based on information currently available to the Company. Such forward-looking statements and forward-looking information often, but not always, can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

    Forward-looking information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, and without limitation: that the Offering may not close within the timeframe anticipated or at all or may not close on the terms and conditions currently anticipated by the Company for a number of reasons including, without limitation, as a result of the occurrence of a material adverse change, disaster, change of law or other failure to satisfy the conditions to closing of the Offering; the Company will not be able to raise sufficient funds to complete its planned exploration program; that the Company will not derive the expected benefits from its current program; the Company may not use the proceeds of the Offering as currently contemplated; the Company may fail to find a commercially viable deposit at any of its mineral properties; the Company’s plans may be adversely affected by the Company’s reliance on historical data compiled by previous parties involved with its mineral properties; mineral exploration and development are inherently risky industries; the mineral exploration industry is intensely competitive; additional financing may not be available to the Company when required or, if available, the terms of such financing may not be favourable to the Company; fluctuations in the demand for gold or gold prices generally; the Company may not be able to identify, negotiate or finance any future acquisitions successfully, or to integrate such acquisitions with its current business; the Company’s exploration activities are dependent upon the grant of appropriate licenses, concessions, leases, permits and regulatory consents, which may be withdrawn or not granted; the Company’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; there is no guarantee that title to the properties in which the Company has a material interest will not be challenged or impugned; the Company faces various risks associated with mining exploration that are not insurable or may be the subject of insurance which is not commercially feasible for the Company; the volatility of global capital markets over the past several years has generally made the raising of capital more difficult; inflationary cost pressures may escalate the Company’s operating costs; compliance with environmental regulations can be costly; social and environmental activism can negatively impact exploration, development and mining activities; the success of the Company is largely dependent on the performance of its directors and officers; the Company’s operations may be adversely affected by First Nations land claims; the Company and/or its directors and officers may be subject to a variety of legal proceedings, the results of which may have a material adverse effect on the Company’s business; the Company may be adversely affected if potential conflicts of interests involving its directors and officers are not resolved in favour of the Company; the Company’s future profitability may depend upon the world market prices of gold; dilution from future equity financing could negatively impact holders of the Company’s securities; failure to adequately meet infrastructure requirements could have a material adverse effect on the Company’s business; the Company’s projects now or in the future may be adversely affected by risks outside the control of the Company; the Company is subject to various risks associated with climate change, the Company is subject to general global risks arising from epidemic diseases, the ongoing conflicts in Ukraine and the Middle East, rising inflation and interest rates and the impact they will have on the Company’s operations, supply chains, ability to access mining projects or procure equipment, supplies, contractors and other personnel on a timely basis or at all is uncertain; as well as other risk factors in the Company’s other public filings available at http://www.sedarplus.ca. Readers are cautioned that this list of risk factors should not be construed as exhaustive. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The Company cannot guarantee future results, performance, or achievements. Consequently, 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 information. The Company undertakes no duty to update any of the forward-looking information to conform such information to actual results or to changes in the Company’s expectations, except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information. The forward-looking information contained in this offering document is expressly qualified by this cautionary statement.

    The MIL Network –

  • MIL-OSI: Oportun Announces Definitive Agreement to Sell its Credit Card Portfolio

    Source: GlobeNewswire (MIL-OSI)

    SAN CARLOS, Calif., Sept. 25, 2024 (GLOBE NEWSWIRE) — Oportun (Nasdaq: OPRT), a mission-driven financial services company, today announced that it has signed a definitive agreement to sell its credit card portfolio to Continental Finance. This transaction reflects a key milestone towards Oportun’s initiative to enhance profitability in 2024 and beyond by simplifying the business and driving performance in its three core products: unsecured personal loans, secured personal loans, and its award-winning Set & Save™ savings product.

    The closing date is now anticipated to be on or around November 10, 2024, rather than by the end of the third quarter as indicated on the August 8th second quarter earnings call. Due to the revised closing date, the sale is expected to be accretive by approximately $2 million to Adjusted EBITDA in 2024 as compared to the $4 million previously indicated. Oportun continues to expect that the transaction will result in Adjusted EBITDA favorability of approximately $11 million in 2025.

    “We’re pleased to have signed a definitive agreement to sell our credit card portfolio to Continental Finance, a leading U.S. credit card marketer and servicer,” said Jonathan Coblentz, Chief Financial Officer & Chief Administrative Officer of Oportun. “This transaction underscores our commitment to focus on winning in the marketplace with our core product lines, thereby enhancing the value we can deliver to our shareholders.”

    Tamer El-Rayess, Continental Finance’s Chairman of the Board, said “Continental Finance is excited to enter into an agreement to acquire Oportun’s Visa credit card portfolio with its partner bank, The Bank of Missouri. The Continental Finance team will be collaborating with the Oportun team to ensure a seamless transition of their customers onto our platform. Our goal is to continue to provide exceptional, personalized service to these valued customers for many years to come.”

    About Oportun
    Oportun (Nasdaq: OPRT) is a mission-driven financial services company that puts its members’ financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $18.7 billion in responsible and affordable credit, saved its members more than $2.4 billion in interest and fees, and helped its members save an average of more than $1,800 annually. For more information, visit Oportun.com.

    About Continental Finance
    With over 5.3 million credit cards managed since its founding, Continental Finance prides itself on excellent customer service and access to bank-issued credit products with innovative features that provide affordable and safe options to consumers with poor or limited credit. Utilizing responsible innovation, Continental Finance works to provide each customer with the necessary educational tools for them to be successful in managing their personal credit.

    Forward-Looking Statements
    This press release contains forward-looking statements. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including statements as to future performance and financial position; expectations regarding the impact of the sale of the Company’s credit card portfolio, including expected timelines; our planned products and services; achievement of the Company’s strategic priorities and goals and the plans and objectives of management for our future operations, are forward-looking statements are forward-looking statements. These statements can be generally identified by terms such as “expect,” “plan,” “goal,” “target,” “anticipate,” “assume,” “predict,” “project,” “outlook,” “continue,” “due,” “may,” “believe,” “seek,” or “estimate” and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as “will,” “should,” “would,” “likely” and “could.” These statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause Oportun’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Oportun has based these forward-looking statements on its current expectations and projections about future events, financial trends and risks and uncertainties that it believes may affect its business, financial condition and results of operations. These risks and uncertainties include those risks described in Oportun’s filings with the Securities and Exchange Commission, including Oportun’s most recent annual report on Form 10-K and most recent quarterly report on Form 10-Q. These forward-looking statements speak only as of the date on which they are made and, except to the extent required by federal securities laws, Oportun disclaims any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. In light of these risks and uncertainties, there is no assurance that the events or results suggested by the forward-looking statements will in fact occur, and you should not place undue reliance on these forward-looking statements.

    Investor Contact
    Dorian Hare
    (650) 590-4323
    ir@oportun.com

    Media Contact
    Michael Azzano
    Cosmo PR for Oportun
    (415) 596-1978
    michael@cosmo-pr.com

    The MIL Network –

  • MIL-OSI: Capital City Bank Names Matthew Henderson Chief Information Security Officer

    Source: GlobeNewswire (MIL-OSI)

    TALLAHASSEE, Fla., Sept. 25, 2024 (GLOBE NEWSWIRE) — Capital City Bank today announced the promotion of Matthew Henderson to chief information security officer, effective October 1, 2024. He will succeed LeAnne Staalenburg McCorvey, who will retire on December 31, 2024. In this role, Henderson will lead the Corporate Security & Risk Department, overseeing both the information and physical security teams. His responsibilities include developing, overseeing, monitoring, managing and reporting on the security program in accordance with policy.

    Henderson began his career with Capital City Bank in September 2022 as an information security officer. In this role, he focused on information security, physical security, vendor management, business continuity and incident response initiatives.

    He holds a Bachelor of Science and Master of Science in Management Information Systems from Troy University and the University of Alabama at Birmingham, respectively. His credentials include certifications as a Certified Information Systems Security Professional, Certified Information Security Manager, Certified in Risk and Information Systems Control and Certified Information Systems Auditor.

    With over 15 years of experience in information technology, cybersecurity, information security and physical security across various industries, Henderson brings a wealth of knowledge to his new position. He also serves on several advisory boards and committees within the financial sector, including the American Bankers Association’s Cybersecurity and Operational Resilience Advisory Committee, the Risk and Compliance Conference Board and the Cyber Risk Institute’s Joint Standards Committee.

    “Matt’s extensive experience and proven expertise make him an ideal choice to lead our Corporate Security & Risk Department,” said Bill Smith, Capital City Bank Group chairman, president and CEO. “I am confident that under his leadership we will continue to uphold the highest standards of security and risk management.”

    Beyond his professional roles, Henderson is actively engaged in the community. He is a member of Celebration Baptist Church, Shriners International and the Tallahassee Tennis Association. Additionally, he volunteers with Big Brothers Big Sisters of the Big Bend.

    In his spare time, Henderson enjoys spending time with his wife, Brittony, and their two children.

    About Capital City Bank Group, Inc.
    Capital City Bank Group, Inc. (NASDAQ: CCBG) is one of the largest publicly traded financial holding companies headquartered in Florida and has approximately $4.2 billion in assets. We provide a full range of banking services, including traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bankcards, securities brokerage services and financial advisory services, including the sale of life insurance, risk management and asset protection services. Our bank subsidiary, Capital City Bank, was founded in 1895 and now has 63 banking offices and 105 ATMs/ITMs in Florida, Georgia, and Alabama. For more information about Capital City Bank Group, Inc., visit http://www.ccbg.com.

    For Information Contact:
    Brooke Hallock
    Hallock.Brooke@ccbg.com
    850.402.8525

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cf7fbf1f-1dda-4f42-ba36-e248463f7a03

    The MIL Network –

  • MIL-OSI: Infinera Reminds Infinera Stockholders of Deadline for Infinera Stockholders to Elect Form of Merger Consideration

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., Sept. 25, 2024 (GLOBE NEWSWIRE) — Infinera Corporation (NASDAQ: INFN) (“Infinera”) today reminded Infinera stockholders of the upcoming deadline to elect the form of merger consideration that they wish to receive in the pending acquisition of Infinera by Nokia Corporation (“Nokia”) (the “Transaction”). This deadline is 5:00 p.m. New York City time on September 30, 2024 (the “Election Deadline”), which is the business day immediately prior to the special meeting of Infinera stockholders to be held in connection with the Transaction. No elections will be permitted after the Election Deadline.

    Infinera stockholders of record wishing to make an election as to the form of consideration they wish to receive must deliver a properly completed and executed election form, together with all required documents and materials, to Computershare Trust Company, N.A. (the “Exchange Agent”) by the Election Deadline. An election will be valid only if a properly completed and signed election form, together with all required documents and materials set forth in the Election Form and the instructions thereto, is received by the Exchange Agent by the Election Deadline.

    Infinera stockholders who hold shares through a bank, broker or other nominee will receive the election form through their bank, broker, or other nominee. Infinera stockholders who hold shares through a bank, broker or other nominee may be subject to an earlier election deadline and must carefully review and properly complete any election materials that they receive from their bank, broker or other nominee regarding how to make an election.

    Infinera stockholders who, with respect to some or all of their shares of Infinera common stock, do not deliver a properly completed and executed election form, together with all required documents and materials, to the Exchange Agent by the Election Deadline (or, if applicable, to their bank, broker or other nominee by the deadline set by such bank, broker or other nominee) will be deemed to have elected to have those shares converted into the right to receive $6.65 per share in cash, without interest.

    Infinera stockholders who do not make a valid election by the Election Deadline may still vote their shares at the special meeting of Infinera stockholders to be held in connection with the Transaction, which will be held 10 a.m., Pacific Time, on October 1, 2024, as long they owned those shares as of the close of business on August 14, 2024.

    The aggregate merger consideration payable by Nokia is subject to proration as described in the Proxy Statement/Prospectus and the Election Form publicly filed by Infinera and Nokia in connection with the Transaction. Infinera and Nokia intend only to announce the results of stockholder elections and required proration, if any, in connection with the closing of the Transaction.

    Infinera stockholders who have made an election with respect to some or all of their shares of Infinera common stock may still sell or transfer those shares, whether before or after the Election Deadline. To do so, they will need to revoke their election prior to and in connection with selling or transferring those shares. If no subsequent election is properly made in respect of those shares prior to the Election Deadline, or if the revocation occurs after the Election Deadline, the holder will be deemed to have elected to have those shares converted into the right to receive $6.65 per share in cash, without interest. No election may be revoked after the Election Deadline, except in connection with the sale or transfer of the applicable shares. Infinera stockholders who wish to revoke an election in respect of their shares of Infinera common stock after the Election Deadline in connection with a sale or transfer of those shares must revoke such election at least five business days prior to the closing of the Transaction for the revocation to be effective. Infinera stockholders who hold shares through a bank, broker or other nominee will need to contact their bank, broker or other nominee to process their revocation.

    Infinera stockholders of record that wish to request an Election Form and accompanying materials (including election revocation materials) should contact Sodali & Co at (800) 662-5200 (for registered holders of Infinera Common Stock) or (203) 658-9400 (for banks and brokers) or by email at INFN@investor.sodali.com. Infinera stockholders who hold shares through a bank, broker or other nominee should contact their bank, broker or other nominee for assistance making or revoking an election.

    Infinera stockholders should carefully read the Proxy Statement/Prospectus, the Election Form and all election materials provided to them or filed by Infinera and Nokia in connection with the Transaction before making their elections. The Election Deadline does not alter the deadline for Infinera stockholders to vote on the proposals to be presented for approval at Infinera’s upcoming special meeting of stockholders.

    About Infinera

    Infinera is a global supplier of innovative open optical networking solutions and advanced optical semiconductors that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations. Infinera solutions deliver industry-leading economics and performance in long-haul, submarine, data center interconnect, and metro transport applications. To learn more about Infinera, visit http://www.infinera.com, follow us on X and LinkedIn, and subscribe for updates.

    No Offer or Solicitation

    This communication is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Transaction and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote of approval, and there will not be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933.

    Cautionary Note Regarding Forward-Looking Statements

    Certain statements contained in this communication may be characterized as forward-looking under the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially.

    Statements in this communication that are forward-looking may include statements regarding the Transaction and the timing and mechanics of the closing of the Transaction.

    Risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, in addition to those identified above, include: (1) the possibility that the conditions to the closing of the Transaction are not satisfied, including the risk that required approvals from Infinera’s stockholders for the Transaction or required regulatory approvals to consummate the Transaction are not obtained, on a timely basis or at all; (2) the occurrence of any event, change or other circumstance that could give rise to a right to terminate the Merger Agreement; (3) possible disruption related to the Transaction to the current plans, operations and business relationships of Nokia and Infinera, including through the loss of customers and employees; (4) the amount of the costs, fees, expenses and other charges incurred by Nokia and Infinera related to the Transaction; (5) the possibility that the stock prices of Nokia or Infinera could fluctuate during the pendency of the Transaction and may decline if the Transaction is not completed; (6) for both Nokia and Infinera, the possible diversion of management’s time and attention from ongoing business operations and opportunities; (7) the response of competitors and other market participants to the Transaction; (8) potential litigation relating to the Transaction; (9) uncertainty as to the timing of completion of the Transaction and the ability of each party to consummate the Transaction; and (10) the other risks and uncertainties detailed in the periodic reports that Nokia and Infinera file with the SEC. All forward-looking statements in this communication are based on information available to Infinera as of the date of this communication, and, except as required by law, Infinera does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

    Contacts

    Amitabh Passi
    apassi@infinera.com

    The MIL Network –

  • MIL-OSI: CETY CEO KAM MAHDI ADDRESSES GOVERNMENT AND BUSINESS LEADERS AT FORUM FOR LATVIA PRESIDENT EDGARS RINKĒVIČS’ ECONOMIC DELEGATION TO CALIFORNIA

    Source: GlobeNewswire (MIL-OSI)

    Irvine, CA, Sept. 26, 2024 (GLOBE NEWSWIRE) — Clean Energy Technologies, Inc. (“CETY”) (Nasdaq: CETY), a clean energy manufacturing and services company offering eco-friendly green energy solutions, clean energy fuels, and alternative electric power for small and mid-size projects in North America, Europe, and Asia, today announced its participation in Latvia’s economic delegation visit to the US from September 17 to 23. Led by President Edgars Rinkēvičs, the delegation visited San Francisco and Silicon Valley, engaging with California government leaders, technology giants, and investors.

    CETY CEO Kam Mahdi was a key presenter at a program on the topic of California Technology Research and Investment. He discussed CETY’s growth as a comprehensive clean energy solutions company with growing global focus that includes expanding operations in North America, Europe, and Asia. The program was part of President Rinkēvičs focus on exploring opportunities for economic cooperation and growth for Latvia enterprises seeking a presence in the United States and specifically targeting California for its business and technology development ecosystem and leadership.

    The visit of President Rinkēvičs and other Latvian government officials and business leaders is an historic one. It was the first such high-level economic delegation to the US from Latvia. Accompanying President Rinkēvičs were Minister of Economics Viktors Valainis, Director General at Investment and Development Agency of Latvia Raivis Bremsmits, and over 50 Latvia entrepreneurs interested in California and North America for strategic growth. Meetings during the three-day visit included Microsoft, Google, NASA Ames, and Meta. AI was a big topic for this visit, especially given its potential use in all sectors and the concerns raised in the EU over privacy and security.

    Mr. Mahdi talked about the evolution of CETY from its inception, when it was first focused on waste heat recovery, using technology developed by General Electric, through its current expansion into becoming a comprehensive energy solutions provider. “We have developed expertise of the entire energy process from system design to generation and storage, distribution and management,” said Mahdi. “Clients come to us to discuss their needs, and we can develop solutions to effectively address them.”

    Mahdi also spoke at a meeting which included California State Treasurer Fiona Ma, Latvia Economics Minister Viktors Valainis, Latvia Investment and Development Agency Director Raivis Bremsmits, Toms Zvidriņš, Head of the US Office of Investment and Development Agency of Latvia, Martins Andersons, President of the American Latvian Association, and Latvia business leaders.

    CETY has been involved in a waste heat to energy project in Latvia since 2018, with EkoNams, a company that builds Scandanvian-style log homes, the design of which is influenced by historic craftsmanship and the execution of which relies on new technologies. Building on that project, CETY has been in discussion with other Latvia companies interested in collaboration or partnerships.

    President Rinkēvičs’ delegation followed up on a July 2024 California delegation to Latvia led by California State Treasurer Fiona Ma and State Senator Josh Newman. The delegation included California businesses, and involved meetings with top government and business leaders, including former Latvia Prime Minister and current European Commissioner for Trade Valdis Dombrovskis, Prime Minister Evika Siliņa, and Transportation Minister Kaspars Briškens, to discuss investment, economic and technological collaboration, and development opportunities in key Baltic growth sectors. As part of that delegation, Mr. Mahdi was an invited speaker on the Ministry of Foreign Affairs Forum on Sustainable Energy Technologies and Innovations, along with former California Senator and energy entrepreneur Robert Hertzberg.

    About Clean Energy Technologies, Inc. (CETY)

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

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

    For video examples please visit CETY’s YouTube channel:
    https://www.youtube.com/@CleanEnergyTechnologiesInc.

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

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

    Safe Harbor Statement

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

    Clean Energy Technologies, Inc.
    Investor and Investment Media inquiries:
    949-273-4990
    ir@cetyinc.com
    Source: Clean Energy Technologies, Inc.

    The MIL Network –

  • MIL-OSI: Jamf Announces Additions of CISO, Andrew Smeaton, and Global Vice President of Channel & Alliances, Marc Botham 

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, Sept. 26, 2024 (GLOBE NEWSWIRE) — Jamf (NASDAQ: JAMF), the standard in managing and securing Apple at work, today announced it has enhanced its leadership team with two key new hires: Andrew Smeaton as Chief Information Security Officer and Marc Botham as Global Vice President of Channel and Alliances.

    “I am thrilled to announce the addition of two seasoned industry leaders to the Jamf leadership team,” said John Strosahl, CEO of Jamf. “Bringing their individual experiences into Jamf will undoubtedly continue to propel Jamf forward as the only company to offer a complete management and security solution in the Apple-first environment.”

    Smeaton brings over 25 years of global information security experience, navigating complex, multi-stakeholder environments across Europe, North America, and the Middle East. As the CISO at Jamf, Smeaton will focus on Jamf’s information security vision and approach, and champion Jamf’s security platform in the market. Responsible for leading a global team of information security professionals, Smeaton excels in aligning security with business goals, developing proactive risk management cultures, and implementing security strategies from inception to execution. 

    Smeaton comes to Jamf after serving as CISO of Afiniti, and previously held CISO roles at DataRobot, MIB Group, The Saudi Investment Bank, and more. His extensive skill set includes security risk management, program development, regulatory compliance, and cloud security, complemented by a strong IT background and numerous certifications, including CISSP, CISA, and CISM.

    “I’m honored to be joining the Jamf team and working with such a talented, customer-oriented group of people who have packaged management and security together impeccably for an industry that is increasingly relying on mobile devices to drive business success,” said Smeaton. “The dependence on Apple devices in the enterprise is only increasing, and you can bet adversaries won’t pass up the opportunity to strike while the iron’s hot. I’m looking forward to amplifying security buyers’ awareness of Jamf and working with our extremely talented Threat Labs team to uncover, defend, and protect customers against the threats of tomorrow.”

    Joining Jamf as the Global Vice President of Channel and Alliances, Botham brings over 25 years of experience in the channel, most recently as the Head of the EMEA Channel of Docusign. Recognized as CRN’s 2022 Channel Chief of the Year, Botham will be responsible for developing and implementing partner strategies on a global scale, designing channel programs that enable Jamf to establish substantive growth markets aligned with Jamf’s strategic partner ecosystem, and positioning Jamf as the Apple Enterprise Management solution provider. 

    “I am thrilled to be joining the Jamf team and I am excited to build on the exciting momentum the Jamf channel program has already had this year,” said Botham. “Jamf is on the cusp of some incredible growth in the channel, and I’m honored to be joining at such an exciting time in Jamf’s channel journey.  I look forward to continuing to serve Jamf’s existing partnerships as well as help Jamf continue to expand globally within the channel.”

    The hires of Smeaton and Botham come on the heels of Jamf’s inclusion in PEOPLE Magazine as the #45 ranked organization in the Companies that Care list, and Jamf’s announcement of its new Global Partner Program. 

    For more information on Jamf and its latest news, visit http://www.jamf.com.

    About Jamf

    Jamf’s purpose is to simplify work by helping organizations manage and secure an Apple experience that end users love and organizations trust. Jamf is the only company in the world that provides a complete management and security solution for an Apple-first environment that is enterprise secure, consumer simple and protects personal privacy. To learn more, visit http://www.jamf.com. 

    Media Contact

    Natali Brockett | media@jamf.com

    Investor Contact

    Jennifer Gaumond | ir@jamf.com

    The MIL Network –

  • MIL-OSI: Dominium Announces $1.6 Million in Scholarship Awards for 2024

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS , Sept. 26, 2024 (GLOBE NEWSWIRE) — Dominium, a leading affordable housing owner, developer, and manager, proudly reveals the recipients of the 2024 Opportunity’s Front Door Scholarship Program. This initiative reaffirms Dominium’s unwavering commitment to empowering individuals through education and bridging the gap between potential and opportunity.

    The Opportunity’s Front Door Scholarship Program is dedicated to providing vital financial assistance to Dominium residents, employees, and their dependents, with the goal to facilitate access to higher education.

    In 2024, Dominium granted a total of 335 scholarships, amounting to over $1.6 million. These scholarships are awarded to individuals enrolled in two-year or four-year colleges, vocational schools, or certificate programs. Designed to support a diverse array of scholars including first-generation students, nontraditional students, and single parents, the Opportunity’s Front Door Program exemplifies Dominium’s commitment to forging pathways for individuals to unlock their potential through education.

    This extensive program stands as a resounding testament to Dominium’s enduring dedication to fostering growth, empowering communities, and creating opportunities for success. Through these scholarships, Dominium is making a substantial investment in personal and professional growth, reinforcing its commitment to educational development.

    For more information about Dominium and Opportunity’s Front Door Scholarship Program, please visit: https://www.dominiumapartments.com/scholarship.html.

    About Dominium
    Founded in 1972, Dominium is a leading national owner, developer, and manager of affordable apartment communities with offices in Atlanta, Dallas, Phoenix, and Minneapolis. Owning and managing over 38,000 homes at over 230 sites in about half of all U.S. states, Dominium is known for creative solutions to unique and challenging development projects, and property management expertise. Dominium was named a Best Managed Company by Deloitte in 2020. For more information, visit http://www.dominiumapartments.com.

    Media Contact
    Miles Plueger
    For Dominium
    (952)851-7239
    mplueger@tunheim.com

    The MIL Network –

  • MIL-OSI: Bitget Wallet Rises to the Most Downloaded Web3 Wallet, Outlining Roadmap for Social and Payment Integrations

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Sept. 26, 2024 (GLOBE NEWSWIRE) —

    Bitget Wallet, a leading Web3 non-custodial wallet, has surged to become the most downloaded globally, achieving nearly 2 million monthly app downloads in August, according to App Store and Google Play data. The platform now boasts over 30 million users globally, fueled by its mission to simplify Web3 access for the next billion users. During the TOKEN2049 conference, Bitget Wallet unveiled its roadmap for expanding mass adoption of blockchain technology, focusing on integration with Web2 social platforms and a streamlined payment solution.

    A key driver of Bitget Wallet’s explosive growth has been its deep integration with Web2 social platforms, particularly Telegram. By enabling users to create and manage Web3 wallets using familiar logins like email, Google, and Telegram through keyless MPC (Multi-Party Computation) technology, the platform has significantly lowered the entry barrier to Web3. “Leveraging Telegram’s massive user base has been a game-changer. We’ve brought millions of users into Web3 who previously had no exposure to crypto,” said Alvin Kan, COO of Bitget Wallet. This seamless experience has led to a 2.7x increase in its MPC wallet creation, with over 40% of Bitget Wallet’s users now adopting TON-supported MPC wallets. 

    Bitget Wallet’s growth has been bolstered by its all-rounded involvement in the TON ecosystem, where popular Tap to Earn (T2E) Telegram mini games on TON network have driven significant user engagement. Tomarket, for instance, attracted 20 million users in just two months. Bitget Wallet’s mobile-first approach has proven particularly effective, with 68% of TON game users now using the wallet app. As a result, Bitget Wallet has contributed over 17% of all active addresses on the TON network. 

    To further onboard Web2 users, Bitget Wallet is preparing to roll out a payment solution that will enable users to seamlessly convert crypto into fiat and spend crypto directly from their wallets on everyday purchases, all while retaining full self-custody of their assets. “Our goal is to blur the lines between Web2 and Web3, starting with payments,” Kan explained. “By offering crypto-to-fiat conversion directly within self-custodial wallet, we’re enabling users to spend crypto as easily as fiat, which is key to driving broader adoption.”

    Going forward, Bitget Wallet will also focus on fueling the growth of the broader Web3 ecosystem by partnering with major networks like Bitcoin, Ethereum, Solana, Base, and TON. These collaborations, combined with robust incentive structures and an all-in-one platform that supports everything from swaps, potential earning, trading and multi-chain Dapp explorer, are designed to drive users’ long-term engagement.

    “We’re building an ecosystem where both users and developers can thrive, aiming at creating seamless experiences that keep users engaged in the long run while driving the adoption of decentralized applications,” said Kan.

    About Bitget Wallet

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

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

    Contact

    PR team

    media.web3@bitget.com

    The MIL Network –

  • MIL-OSI: Traliant Unveils Active Shooter Response Training to Enhance Workplace Safety

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 26, 2024 (GLOBE NEWSWIRE) — Traliant, an innovator in online compliance training, today announced new Active Shooter Response training to equip employees with the knowledge to act swiftly and confidently in an active shooter situation, safeguarding both staff and customers.

    With nearly 31% of active shooter incidents happening at workplaces, and 79% of companies acknowledging they’re not fully prepared, according to The National Institute of Justice, it’s more important than ever to be ready. While these events are rare, knowing the warning signs of violence and how to respond can be lifesaving.

    “When seconds count, having a workforce trained to respond to workplace violence can make all the difference,” said Michael Johnson, Chief Strategy Officer at Traliant. “Our Active Shooter Response training builds a culture of safety and preparedness, giving employers and employees the confidence to act decisively if the unthinkable happens.”

    As workplace violence increases nationwide, states are implementing new laws to ensure businesses are better equipped. Most recently, New York passed the Retail Worker Safety Act requiring employers to include active shooter response training as part of their workplace violence prevention programs.

    Traliant’s 35-minute interactive course prepares employees and managers to recognize a potential active shooter situation and respond using the FBI-endorsed “Run, Hide, Fight” method, while also covering communication with law enforcement and first responders.

    To learn more about Traliant, visit: https://www.traliant.com/.

    About Traliant
    Traliant combines in-house legal expertise with modern, emotionally engaging course design to redefine compliance, training experiences and services. It helps thousands of organizations create a culture of ethics, inclusion and safety by addressing dozens of critical topics including sexual harassment training, DEI training and code of conduct training. Traliant’s innovative and interactive approach to learning can be easily customized into affordable and cost-effective solutions for clients to address their industry, branding, policies, risks and job-specific needs. Backed by PSG, a leading growth equity firm, Traliant is ranked on Inc.’s 2021, 2022, 2023 and 2024 lists of 5000 fastest-growing private companies in America and named to Inc.’s 2023 list of Best Workplaces. For more information, visit http://www.traliant.com and follow us on LinkedIn. 

    Contact
    Reagan Bennet
    traliant@v2comms.com

    The MIL Network –

  • MIL-OSI: Revenera’s Monetization Monitor 2025 Outlook Highlights Opportunities to Drive Profitability

    Source: GlobeNewswire (MIL-OSI)

    ITASCA, Ill., Sept. 26, 2024 (GLOBE NEWSWIRE) — Revenera, producer of leading solutions that help technology companies build better products, accelerate time-to-value, and unlock new revenue opportunities, today released the Revenera Monetization Monitor 2025 Outlook: Software Monetization Models and Strategies report. Based on the results of a global survey of 418 leaders at global technology companies, this report is part of an annual series, which provides product executives at software, intelligent device, and IoT companies with benchmarks about digital business models and trends related to hybrid approaches to monetization and deployment models.

    As software suppliers work to drive profitability, extensive reliance on usage-based pricing is more prevalent than a year ago. Successful initiatives must overcome the biggest barriers to the growth of annual recurring revenue: delayed time to market-for-new features/enhancements and customer acquisition.

    “Software suppliers face two megatrends that they can take advantage of to improve their market position. Because Cloud and AI costs are driving up their operating expenses, product teams are considering how to respond to this pressure with pricing and packaging changes. At the same time, insight into real product usage and customer value is more available to suppliers than it has ever been,” said Nicole Segerer, General Manager at Revenera. “There is a significant market opportunity for technology companies that can adapt their offerings to the needs of their customers and grow more quickly than their competition.”

    While subscription models remain top for expected growth, the Revenera Monetization Monitor 2025 Outlook indicates a sharp rise in outcome or value-based models, as well as usage-based approaches. Suppliers who are proactive and able to quickly implement these new models are better able to grow revenues while helping to offset the growing cost of running software in the cloud.

    Highlights from the Revenera Monetization Monitor 2025 Outlook: Software Monetization Models and Strategies report include:

    • A clear understanding of monetization models is necessary for efficient innovation.
      • The popularity of subscription/term monetization continues. It is the leading monetization model among companies that use one model extensively and is the most widely used model. It is also the model most likely to grow as a percentage of overall software license revenue in the next 12–18 months, followed closely by outcome-based monetization models.
      • Extensive reliance on usage-based pricing (including consumption and metered models) is more prevalent over the past year. The flexibility of pay-per-use may be a method of delivering the flexibility customers want.
      • Revenue goals are key to monetization and innovation initiatives. Among companies that have changed monetization models, the #1 reason was to “improve revenue margins/company valuation.” Among those who are planning change, the #1 reason is to “better support intelligent device models.”
      • The introduction of new monetization models can be relatively rapid or can necessitate more than a year. While some (18 percent) introduced a new monetization model in less than three months, almost half of respondents (46 percent) reported that it took more than 6 months.
      • Better support of pricing and packaging changes remains the leading reason for changes to monetization strategies. Growing in relative importance over the past year is the need to add/improve automated enforcement.
    • Extensive use of SaaS continues, while private cloud deployments see strong growth.
      • Use of hybrid software deployment models continues. SaaS is still in the lead as the most widely used deployment model, with 86 percent using it at least moderately, up from 80 percent a year ago.
      • Respondents’ use of private cloud is going up significantly. A year ago, 20 percent of respondents reported using private cloud extensively; that number went up to 33 percent today, making private cloud the deployment model being used most extensively.
      • The staying power of on-premises deployments remains. The number using SaaS extensively (for more than 51 percent of their product lines), 27 percent, only slightly edges out on-premises (25 percent) deployments.
      • The transition to SaaS will continue. A year ago, 57 percent of respondents indicated that their use of SaaS in the coming 12–18 months would grow; that number goes up to 61 percent this year. More suppliers are transitioning multiple products from on-premises to SaaS; 73 percent report having transitioned multiple products from on-premises to SaaS.
    • Product usage data is being used primarily to identify upsell opportunities, identify customer churn/retention risk, and prioritize product roadmap decisions.
      • Delayed time-to-market for new features/enhancements is the biggest barrier to growing annual recurring revenue. Customer acquisition follows close behind as an impediment to growing ARR.
      • Nearly all software companies recognize the importance of collecting product usage data. A mere 2 percent of respondents aren’t collecting data and have no plans to do so. Today 82 percent can gather product usage data either very well or that they have the ability to do some of this.
      • Aligning price and value is an ongoing challenge. Only slightly more than a third (36 percent) indicate that pricing is “totally aligned” with the value delivered to customers.
      • Multiple hurdles for aligning price and value are intensifying. The most pressing is “Lack of insights into user personas and their priorities,” reported by 50 percent. The number of respondents citing “lack of insights to monetize the most valuable features” and “disparate systems make it difficult to achieve single customer view” have also gone up in the past year.
      • Churn risks merit closer attention. The vast majority of respondents monitor churn risk. 97 percent monitor churn risk, but only 21 percent review support tickets to spot churn risk, illustrating an opportunity to improve their processes.

    Methodology

    The Revenera Monetization Monitor 2025 Outlook series of reports is based on 418 complete responses to a survey conducted by Revenera from May through July 2024. Job levels of these survey respondents were C-level/executive (23 percent), SVP/VP (17 percent), director (44 percent), manager/team leader (15 percent), and individual contributors/non-manager/consultant (1 percent). This report focuses on Software Monetization Models and Strategies; subsequent reports in this series will address Software Piracy & Compliance and Software Usage Analytics.

    Follow Revenera

    About Revenera
    Revenera helps product executives build better products, accelerate time-to-value, and monetize what matters. Revenera’s leading solutions help software and technology companies drive top-line revenue with modern software monetization, understand usage and compliance with software usage analytics, empower the use of open source with software composition analysis, and deliver an excellent user experience—for embedded, on-premises, cloud, and SaaS products. To learn more, visit http://www.revenera.com.

    The MIL Network –

  • MIL-OSI: Clean Core and CNL sign Cost Share Project under CNRI to advance Thorium-Based ANEEL™ Fuel

    Source: GlobeNewswire (MIL-OSI)

    Canadian Nuclear Laboratories facilities – Photo © Canadian Nuclear Laboratories

    CHICAGO, Sept. 26, 2024 (GLOBE NEWSWIRE) — Clean Core Thorium Energy (Clean Core) is pleased to announce that it has been accepted to participate in Canadian Nuclear Laboratories’ (CNL) Canadian Nuclear Research Initiative (CNRI). Through the program, CNL and Clean Core will work to verify and validate the computer codes and analytical models employed in the design and safety analysis of Clean Core’s ANEEL™ fuel which will enable its accelerated commercialization for the Canada Deuterium Uranium (CANDU) reactors.

    Clean Core has developed and patented a fuel, named the ANEEL™ fuel, made of thorium and enriched uranium. The fuel is designed for use in existing pressurized heavy water reactors (PHWR) and CANDU reactors with flexibility across enrichment levels (LEU+ to HALEU) as well as fuel designs (such as 19-pin and 37-pin). The fuel retains the same external dimensions as the currently used natural uranium (NU) fuel and leverages a high burnup, once-through fuel cycle. With no modifications to the reactor or its core, the ANEEL™ fuel derives several advantages over the currently used low burnup, NU fuel including improved safety, economics, and operations as well as reduced nuclear waste volumes and proliferation resistance.

    Launched in 2019, the CNRI program was established by CNL to accelerate the deployment of nuclear technologies in Canada by enabling research and development, and connecting the nuclear industry with the facilities and expertise within Canada’s national nuclear laboratories. Among the many benefits of the program, participants optimize resources, share technical knowledge, receive cost share funding and gain access to CNL’s expertise to help advance the commercialization of nuclear technologies.

    “Clean Core recognizes this as a key collaboration for the ANEEL™ fuel by leveraging the technical capabilities and existing domain expertise at CNL for development and assessment of various fuel, physics and thermohydraulic models,” says Mehul Shah, CEO and Founder of Clean Core. “This collaboration will meaningfully accelerate the deployment of the ANEEL™ fuel, which can impact the Canadian and global nuclear industries.“

    Clean Core completed initial design studies, and recently announced the successful conclusion of the Phase 1 Pre-licensing Vendor Design Review process with the Canadian Nuclear Safety Commission. Additionally, Clean Core signed a Strategic Partnership Project Agreement with the US DOE and is currently performing irradiation testing and qualification of the ANEEL fuel in the Advanced Test Reactor at Idaho National Labs with burnup targets of up to 60 GWd/T.

    About Clean Core Thorium Energy

    Clean Core Thorium Energy is a nuclear fuel company exploring thorium-driven nuclear innovations. Clean Core’s patented nuclear fuel technology (called the ANEEL™ fuel) is comprised of thorium and enriched uranium (LEU+ to HALEU), which is capable of improving the safety and cost-efficiency of pressurized heavy-water reactors. The ANEEL™ fuel is a novel solution to safety, waste, and proliferation concerns in today’s nuclear plants.

    Learn more at https://cleancore.energy/. Follow us on social media: LinkedIn and X.

    Clean Core Contact:

    Milan Shah
    Chief Operating Officer
    milan@cleancore.energy 

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/907e1d40-e8e4-4214-819e-1be40dd0050d

    The MIL Network –

  • MIL-OSI: Audius Expands Its Music Marketplace, Enabling Direct On-Platform Payments from Millions of Fans to Thousands of Artists They Love

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, Sept. 26, 2024 (GLOBE NEWSWIRE) — via CryptoCurrencyWire — Audius, the largest decentralized music community and discovery platform for artists and their fans, announced today that the game changing monetization feature the company rolled out to select artists last year is emerging from private beta. Now any artist in the world can set their own terms and control the pricing of their music, and fans can support their favorite artists with direct payments. Music fans can seamlessly use their credit card to pay artists in USDC, which can be converted by artists and rights holders to any currency of their choice.

    As part of the expansion of the Audius music marketplace, for the first time, 10% of every payment will now be captured by the Audius community treasury, with proceeds to be used at the direction of on-chain governance. A governance proposal is pending to finalize this change.

    “It’s been very cool and surprising to see how artists have leveraged our music marketplace to engage with their fans while creating an entirely new revenue stream for themselves,” said Audius Co-Founder and CEO Roneil Rumburg. “From selling downloads to creating innovative contests, artists have really stretched the marketplace to fit their needs.”

    Audius first launched its music marketplace in beta in November 2023, opening the monetization feature to more than 100 artists around the world. One early adopter, producer Kato On The Track, immediately leveraged the new feature to generate revenue via download sales of his music and beats.

    “I like being an early adopter of new innovative platforms like Audius,” said Kato. “I can build new communities on Audius, and they have the tools that let me engage with my audience in ways that I can’t do on other music platforms.”

    Another artist, rapper MadeinTYO sold beats on Audius and invited his fanbase to create songs using his stems and upload them back onto the platform. He picked a winner and flew them to Tokyo (where he was raised) to collaborate for a studio session and to enjoy the city with him.

    “Artists today really have to be able to create special, memorable moments for their fans,” said MadeinTYO. “Audius is a unique vessel, which allows me to create unique ways to interact with my fans, while keeping the music first.”

    Many independent record labels and distributors have already signed with Audius to make more money for their artists including DistroKid, EMPIRE, Nettwerk Music, Ninja Tune, Merge Records, Ampsuite, Circus Records, Anjunadeep, Anjunabeats, and others. Just last month the company announced a licensing pact with Kobalt, one of the world’s largest independent music publishers. Earlier this year Audius announced that it had forged pivotal deals with the world’s top performing rights organizations: ASCAP, BMI, SESAC, and GMR.

    About Audius:
    Audius is a community-owned music marketplace, where for the first time, artists and their fans can find, communicate, and transact with each other directly. Artists are no longer reliant on middlemen, creating a new music economy for a new generation. Backed by an all-star team of investors, Audius was founded in 2018 and serves millions of users every month, making it one of the largest crypto applications ever built. Sign up today at https://audius.co.

    Contacts
    John Vlautin
    SpinLab Communications
    jv@spinlab.net

    Jill Mango
    SpinLab Communications
    jill@spinlab.net

    Molly Sheban
    SpinLab Communications
    molly@spinlab.net

    The MIL Network –

  • MIL-OSI: Surgent CPE to Premiere 14 New Courses in Q4 2024

    Source: GlobeNewswire (MIL-OSI)

    RADNOR, Pa., Sept. 26, 2024 (GLOBE NEWSWIRE) — Surgent Accounting & Financial Education, a division of KnowFully Learning Group, today announced the premiere of 14 new continuing professional education (CPE) courses debuting in Q4 2024.

    “Surgent’s dedication to providing timely, practical learning is central to our mission of helping accounting and finance professionals thrive,” said Elizabeth Kolar, executive vice president of Surgent. “Our latest course offerings reflect Surgent’s commitment to offering premium content that goes beyond compliance, giving professionals the tools they need to make real-world applications of complex tax laws, business practices and industry regulations.”

    The new course offerings cover a diverse range of subjects, including taxation, client advisory services, financial planning and compliance issues. Many of these courses focus on current tax implications, gig economy trends, executive compensation, and the impact of the upcoming 2024 presidential and congressional elections.

    “The 2024 election and ongoing economic shifts are at the forefront of many of our customers’ concerns,” said Nick Spoltore, Surgent’s vice president of tax and advisory content. “These courses provide timely insights to help practitioners offer more informed advice to their clients, whether they’re dealing with tax planning, client advisory services, or executive compensation.”

    Below is a preview of the new offerings, along with their premiere dates. All courses are worth two CPE credits, except where noted.

    The 14 new CPE courses are scheduled as follows:

    Registration for each course is open now at SurgentCPE.com. All new courses will debut as a live webinar, while some will later be available on-demand.

    About Surgent Accounting & Financial Education
    Surgent Accounting & Financial Education, a division of KnowFully Learning Group, is a provider of the high-impact education experiences that accounting, tax and financial professionals need throughout their careers. For most of the company’s 35-year history, Surgent has been a trusted provider of continuing professional education (CPE), continuing education (CE) and skill-based training that professionals need to maintain their credentials and stay current on industry changes. More recently, Surgent became one of the fastest-growing certification exam review providers, offering predictive learning-based courses that help learners pass accounting and finance credentialing exams faster. Learn more at Surgent.com.

    About KnowFully Learning Group
     The KnowFully Learning Group provides continuing professional education, exam preparation courses and education resources to the accounting, finance and healthcare sectors. KnowFully’s suite of learning solutions helps learners become credentialed, satisfy required credit hours to maintain credentials and stay informed on the latest trends and critical changes in their industries over the course of their careers. The company provides exam preparation and continuing education for accounting, finance, and tax professionals headlined by the Surgent Accounting & Financial Education brand. KnowFully’s healthcare education brands include American Fitness Professionals & Associates, ChiroCredit, Impact EMS Training, Online CE, PharmCon freeCE, PharmCon Rx Consultant and Psychotherapy.net. For more information, please visit KnowFully.com.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7b56442d-7af7-42c6-b096-7412c5b4a366

    The MIL Network –

  • MIL-OSI: SpyCloud Launches Custom Automation Solution to Scale Identity Protection Workflows for Enterprises

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, Sept. 26, 2024 (GLOBE NEWSWIRE) — SpyCloud announced today the release of its new hosted automation solution, SpyCloud Connect, which delivers custom-built automation workflows to Information Security (InfoSec) and Security Operations (SecOps) teams. The solution enables rapid automation of SpyCloud’s suite of identity threat protection products with a vast array of security tools and systems they currently use to protect their business and users from cyber threats – saving them valuable time and alleviating overburdened resources.

    With this new solution, SpyCloud will build, maintain, and support customer-specified workflows across their desired integration destinations – connecting SpyCloud’s rich recaptured darknet data with the tools they already use to deliver automated remediation of compromised identities across their workforce.

    “When in-house development and engineering resources are strapped, we want to help customers take full advantage of the high-fidelity darknet data provided by SpyCloud’s products,” explained Damon Fleury, SpyCloud’s chief product officer. “With SpyCloud Connect, teams now have an endless number of integrations available to take instant action on the exposed identity data elements discovered and recaptured by SpyCloud.”

    SpyCloud Connect maximizes existing investments in diverse security tools and systems, including SIEMs, SOARs, ticketing systems, Threat Intelligence Platforms (TIPs), Endpoint Detection & Response (EDR) tools, XDR Platforms, Identity providers, and more.

    Examples of customer-favorite workflows include:

    • SpyCloud + JIRA + Okta: Receive password exposure alerts from SpyCloud and re-secure vulnerable accounts
    • SpyCloud + JIRA + Google: Disable exposed Google Accounts based on SpyCloud’s recaptured data
    • SpyCloud + Snow Software + Slack: Automatically create a ticket for a malware-infected user and send an alert to the SecOps team via Slack

    SpyCloud Connect helps enterprises not only scale their operations but more quickly achieve a desired state of security posture. Deployments are customized to each enterprise’s specific use cases and needs – with most delivery cycles completed in 2-4 weeks.

    To learn more about SpyCloud Connect and the wide-range of integration options, visit spycloud.com.

    About SpyCloud

    SpyCloud transforms recaptured darknet data to disrupt cybercrime. Its automated identity threat protection solutions leverage advanced analytics to proactively prevent ransomware and account takeover, safeguard employee and consumer accounts, and accelerate cybercrime investigations. SpyCloud’s data from breaches, malware-infected devices, and successful phishes also powers many popular dark web monitoring and identity theft protection offerings. Customers include more than half of the Fortune 10, along with hundreds of global enterprises, mid-sized companies, and government agencies worldwide. Headquartered in Austin, TX, SpyCloud is home to more than 200 cybersecurity experts whose mission is to protect businesses and consumers from the stolen identity data criminals are using to target them now.

    To learn more and see insights on your company’s exposed data, visit spycloud.com.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/35c6c747-54b5-46a5-ba59-0123764f4277

    The MIL Network –

  • MIL-OSI: Akamai Technologies, Teradyne, and Wayfair Partner to Purchase Solar Energy in Champaign County, Ill. Through the Net Zero Consortium for Buyers

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Sept. 26, 2024 (GLOBE NEWSWIRE) — Through Sustainability Roundtable, Inc.’s Net Zero Consortium for Buyers (NZCB), Akamai Technologies (Akamai), Teradyne, and Wayfair LLC (Wayfair) have signed an aggregated virtual power purchase agreement (VPPA) with BayWa r.e. Americas. This agreement covers the renewable energy credits produced by the 135 megawatt alternating current (MWac) Prairie Solar project in Champaign County, Ill., which is being developed by the BayWa r.e. Americas group and is expected to achieve commercial operation at the end of 2025.

    Prairie Solar is set to make a significant impact in the Midcontinent Independent System Operator (MISO) region of Illinois, which, at only 32% low-carbon energy in 2023, is an especially carbon-intensive grid. Once operational, Prairie Solar will help reduce carbon emissions in this area, which currently relies heavily on fossil fuels.

    By aggregating their demand, Akamai, Teradyne, and Wayfair overcome the challenge of modest energy loads that typically hinder independent procurement of utility-scale renewable energy. This buyer-aggregated approach democratizes access to the financial and environmental benefits of utility-scale renewable energy, making procurement possible for a broader range of enterprises.

    Akamai, the world’s most distributed platform for cloud computing, security, and content delivery, plans to purchase the renewable energy generated by a 30 megawatt (MW) portion of the project to support the company’s commitment to run its distributed platform as efficiently as possible, to be mindful of its power usage, and to minimize the negative environmental impacts of its global operations.

    “Akamai has led the way in innovative renewable energy projects since 2018, when we were a part of the United States’ first corporate aggregated VPPA – a game-changing approach for smaller renewable energy buyers. Today we are proud to continue that legacy by participating in this solar aggregation located in a very carbon intensive grid,” said Mike Mattera, director of corporate sustainability and environmental, social and governance officer at Akamai.

    Teradyne, a leading global supplier of automated test equipment and robotics solutions, will purchase renewable energy generated by a 20 MW portion of Prairie Solar in furtherance of the company’s emissions reduction commitment. Once operational, Teradyne’s portion of the project is expected to deliver renewable energy equivalent to the company’s entire U.S. electric load.

    “Teradyne remains committed to our sustainability initiatives. The NZCB provides one of the many ways Teradyne is working to reduce our environmental impact to benefit all of our stakeholders,” said Debra Pulpi, corporate environment, health and safety manager at Teradyne.

    Wayfair, the destination for all things home, will purchase renewable energy generated by a 20 MW portion of the Prairie Solar project. Once operational, this portion is expected to generate 45,000 megawatt hours (MWh) of energy, which will cover about 80% of Wayfair’s electricity needs in North America for 2023. This will ultimately contribute to Wayfair’s goal of cutting Scope 1 and 2 emissions by 63% by 2035 (compared to 2020 baseline).

    “We are proud to be part of our second aggregated virtual power purchase agreement in North America,” said Anna Vinogradova, head of sustainability and ESG for Wayfair. “This project will help Wayfair advance towards its Scope 1 and 2 emissions reduction goals, aligning with our vision of a more sustainable future. Partnerships like the NZCB harness collaboration to unlock ambitious opportunities for companies to contribute to a cleaner environment.”

    The NZCB separately advised another entity on a VPPA contract for a 50 MW portion of the Prairie Solar project.

    The NZCB has achieved over 90% of its goal of causing a gigawatt of new renewable energy capacity before 2025. Reaching the NZCB’s gigawatt goal would generate enough energy to meet the annual average electricity needs of more than 200,000 U.S. homes while helping mitigate commercial Scope 2 emissions across the business operations of corporate buyers. This transaction demonstrates how the NZCB offers a breakthrough model for commercial collaboration in causing utility-scale renewables, beginning in North America and Europe.

    Sustainability Roundtable, Inc.
    Sustainability Roundtable, Inc. (SR Inc) works to be the world’s most respected strategic advisor in enterprise decarbonization. For more than fifteen years, leaders at over 100 Fortune 500 and global growth companies have trusted SR Inc to provide membership-based strategic advisory and support services. SR Inc helps executives to set goals, drive progress, and report results as they lead their organizations to more sustainable high performance — all to help align business with life. SR Inc’s Net Zero Consortium for Buyers (NZCB) is a confidential renewable energy buyers’ community creating transactions favorable for corporate buyers. The NZCB enables enterprises to chart a profitable path to Net Zero emissions globally. SR Inc Member-Clients have made the NZCB the leading transaction platform for corporate aggregated procurement of utility scale renewable energy in North America and Europe.

    Contact Information: srinc@fischtankpr.com 

    The MIL Network –

  • MIL-OSI: AMD Instinct MI300X Accelerators Available on Oracle Cloud Infrastructure for Demanding AI Applications

    Source: GlobeNewswire (MIL-OSI)

    — Customers including Fireworks AI are powering their AI inference and training workloads with new OCI Compute instances —

    — OCI Supercluster leads among cloud providers with support for up to 16,384 AMD Instinct MI300X GPUs in a single ultrafast network fabric —

    SANTA CLARA, Calif., Sept. 26, 2024 (GLOBE NEWSWIRE) —  AMD (NASDAQ: AMD) today announced that Oracle Cloud Infrastructure (OCI) has chosen AMD Instinct™ MI300X accelerators with ROCm™ open software to power its newest OCI Compute Supercluster instance called BM.GPU.MI300X.8. For AI models that can comprise hundreds of billions of parameters, the OCI Supercluster with AMD MI300X supports up to 16,384 GPUs in a single cluster by harnessing the same ultrafast network fabric technology used by other accelerators on OCI. Designed to run demanding AI workloads including large language model (LLM) inference and training that requires high throughput with leading memory capacity and bandwidth, these OCI bare metal instances have already been adopted by companies including Fireworks AI.

    “AMD Instinct MI300X and ROCm open software continue to gain momentum as trusted solutions for powering the most critical OCI AI workloads,” said Andrew Dieckmann, corporate vice president and general manager, Data Center GPU Business, AMD. “As these solutions expand further into growing AI-intensive markets, the combination will benefit OCI customers with high performance, efficiency, and greater system design flexibility.”

    “The inference capabilities of AMD Instinct MI300X accelerators add to OCI’s extensive selection of high-performance bare metal instances to remove the overhead of virtualized compute commonly used for AI infrastructure,” said Donald Lu, senior vice president, software development, Oracle Cloud Infrastructure. “We are excited to offer more choice for customers seeking to accelerate AI workloads at a competitive price point.”

    Bringing Trusted Performance and Open Choice for AI Training and Inference
    The AMD Instinct MI300X underwent extensive testing which was validated by OCI that underscored its AI inferencing and training capabilities for serving latency-optimal use cases, even with larger batch sizes, and the ability to fit the largest LLM models in a single node. These Instinct MI300X performance results have garnered the attention of AI model developers.

    Fireworks AI offers a fast platform designed to build and deploy generative AI. With over 100+ models, Fireworks AI is leveraging the benefits of performance found in OCI using AMD Instinct MI300X.

    “Fireworks AI helps enterprises build and deploy compound AI systems across a wide range of industries and use cases,” said Lin Qiao, CEO of Fireworks AI. “The amount of memory capacity available on the AMD Instinct MI300X and ROCm open software allows us to scale services to our customers as models continue to grow.”

    Supporting Resources

    About AMD
    For more than 50 years AMD has driven innovation in high-performance computing, graphics, and visualization technologies. Billions of people, leading Fortune 500 businesses, and cutting-edge scientific research institutions around the world rely on AMD technology daily to improve how they live, work, and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit the AMD (NASDAQ: AMD) website, blog, LinkedIn, and Twitter pages.

    AMD, the AMD Arrow logo, Instinct, ROCm, and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

    Trademarks
    Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

    Contact:
    David Szabados
     AMD Communications
    +1 408-472-2439
    david.szabados@amd.com

    Mitch Haws
    AMD Investor Relations
    +1 512-944-0790 
    mitch.haws@amd.com

    The MIL Network –

  • MIL-OSI: Strong Global Entertainment Announces Closing of Sale of Strong/MDI for Approximately $30 Million

    Source: GlobeNewswire (MIL-OSI)

    Mooresville, NC, Sept. 26, 2024 (GLOBE NEWSWIRE) — Strong Global Entertainment, Inc. (NYSE: SGE) (“Strong Global”) and Fundamental Global Inc. (Nasdaq: FGF, FGFPP) (“Fundamental Global”) are pleased to announce the closing of the previously announced sale of Strong/MDI Screen Systems, Inc. (“MDI”) from Strong Global to Saltire Holdings Ltd (“Saltire”).

    Mark Roberson, Chief Executive Officer of Strong Global, commented, “We are pleased to announce the closing of the sale of MDI. This is one element of our previously announced strategy to streamline operations, increase liquidity and drive shareholder value. We expect the transaction to result in a net pre-tax financial statement gain in excess of $25 million. At closing, Strong Global holds approximately 37% of the outstanding common shares of Saltire, and we look forward to participating in the Saltires’ long term growth strategy.”

    At closing, and after a working capital adjustment, Strong Global received total consideration of $29.5 million, consisting of $0.8 million of cash, $9.0 million of preferred shares of Saltire, and $19.7 million of common shares of Saltire.

    Prior to the Closing, Strong Global did not own or control any securities of Saltire. Strong Global received 1,972,723 common shares and 900,000 series A preferred shares of Saltire as consideration under the transaction.

    Strong Global may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, general economic and industry conditions, Saltire’s business and financial condition, and/or other relevant factors, and Strong Global may develop such plans or intentions in the future.

    A copy of the Early Warning Report to be filed by Strong Global in connection with the transaction described above will be available on its SEDAR+ profile at http://www.sedarplus.ca.

    About Strong Global Entertainment, Inc.

    Strong Global Entertainment, Inc., a majority owned subsidiary of Fundamental Global Inc., is a leader in the entertainment industry, providing mission critical products and services to cinema exhibitors and entertainment venues for over 90 years.

    About Fundamental Global Inc.

    Fundamental Global Inc. (Nasdaq: FGF, FGFPP) and its subsidiaries engage in diverse business activities including reinsurance, asset management, merchant banking, manufacturing and managed services.

    The FG® logo and Fundamental Global® are registered trademarks of Fundamental Global LLC.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These statements are therefore entitled to the protection of the safe harbor provisions of these laws. These statements may be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “budget,” “can,” “contemplate,” “continue,” “could,” “envision,” “estimate,” “expect,” “evaluate,” “forecast,” “goal,” “guidance,” “indicate,” “intend,” “likely,” “may,” “might,” “outlook,” “plan,” “possibly,” “potential,” “predict,” “probable,” “probably,” “pro-forma,” “project,” “seek,” “should,” “target,” “view,” “will,” “would,” “will be,” “will continue,” “will likely result” or the negative thereof or other variations thereon or comparable terminology. In particular, discussions and statements regarding the Company’s future business plans and initiatives are forward-looking in nature. We have based these forward-looking statements on our current expectations, assumptions, estimates, and projections. While we believe these to be reasonable, such forward-looking statements are only predictions and involve a number of risks and uncertainties, many of which are beyond our control. These and other important factors may cause our actual results, performance, or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements, and may impact our ability to implement and execute on our future business plans and initiatives. Management cautions that the forward-looking statements in this release are not guarantees of future performance, and we cannot assume that such statements will be realized or the forward-looking events and circumstances will occur. Factors that might cause such a difference include, without limitation: risks associated with our inability to identify and realize business opportunities, and the undertaking of any new such opportunities; our lack of operating history or established reputation in the reinsurance industry; our inability to obtain or maintain the necessary approvals to operate reinsurance subsidiaries; risks associated with operating in the reinsurance industry, including inadequately priced insured risks, credit risk associated with brokers we may do business with, and inadequate retrocessional coverage; our inability to execute on our investment and investment management strategy, including our strategy to invest in the risk capital of special purpose acquisition companies (SPACs); our ability to maintain and expand our revenue streams to compensate for the lower demand for our digital cinema products and installation services; potential interruptions of supplier relationships or higher prices charged by suppliers in connection with our Strong Global business; our ability to successfully compete and introduce enhancements and new features that achieve market acceptance and that keep pace with technological developments; our ability to maintain Strong Global’s brand and reputation and retain or replace its significant customers; challenges associated with Strong Global’s long sales cycles; the impact of a challenging global economic environment or a downturn in the markets; the effects of economic, public health, and political conditions that impact business and consumer confidence and spending, including rising interest rates, periods of heightened inflation and market instability; potential loss of value of investments; risk of becoming an investment company; fluctuations in our short-term results as we implement our new business strategy; risks of being unable to attract and retain qualified management and personnel to implement and execute on our business and growth strategy; failure of our information technology systems, data breaches and cyber-attacks; our ability to establish and maintain an effective system of internal controls; our limited operating history as a public company; the requirements of being a public company and losing our status as a smaller reporting company or becoming an accelerated filer; any potential conflicts of interest between us and our controlling stockholders and different interests of controlling stockholders; potential conflicts of interest between us and our directors and executive officers; risks associated with our related party transactions and investments; and risks associated with our investments in SPACs, including the failure of any such SPAC to complete its initial business combination. Our expectations and future plans and initiatives may not be realized. If one of these risks or uncertainties materializes, or if our underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. You are cautioned not to place undue reliance on forward-looking statements. The forward-looking statements are made only as of the date hereof and do not necessarily reflect our outlook at any other point in time. We do not undertake and specifically decline any obligation to update any such statements or to publicly announce the results of any revisions to any such statements to reflect new information, future events or developments.

    Investor Relations Contacts:
    IR@strong-entertainment.com

    investors@fundamentalglobal.com

    The MIL Network –

  • MIL-OSI: LIS Technologies Inc. Contracts Leading Construction Specialist to Oversee $1 Million Redevelopment of its Secured Facility in Oak Ridge, Tennessee

    Source: GlobeNewswire (MIL-OSI)

    Oak Ridge, Tennessee, Sept. 26, 2024 (GLOBE NEWSWIRE) — LIS Technologies Inc. (“LIST” or “the Company”), a proprietary developer of advanced laser technology and the only USA-origin and patented laser uranium enrichment company, today announced that it has engaged a leading construction specialist to oversee the design and redevelopment of its facility in Oak Ridge, Tennessee, creating a modern and secure space for the Company’s next phase of physical test work.

    Following completion of the nearly $1 Million redevelopment, the facility will house LIST’s specialized testing equipment aimed at refining and demonstrating the capabilities of its technology. It will include dedicated space for the Phase 1 Test Loop demonstration of the Company’s proprietary, patented laser uranium enrichment technology, serving as the central hub for its development. Additionally, the facility will support the production of stable isotopes for medical and scientific research. The initial design and build-out will ensure the facility is properly equipped to host operations and lay the groundwork for future physical test work.

    “The new LIST headquarters in Oak Ridge, TN will be converted into a “closed area,” which will allow LIST to perform research on its laser enrichment technology and protect said technology as Classified in accordance with NRC regulations, prior to DOE declaring the LIST technology as Restricted Data,” said Keith Everly, Head of Security and IP Management of LIS Technologies Inc. “We will work closely with the regulatory frameworks to streamline the process and ensure regulatory compliance of CRISLA, the technology that LIST plans to commercialize.”

    Figure 1 – LIS Technologies Inc. Contracts Leading Construction Specialist to Oversee Retrofitting of its Secured Facility in Oak Ridge, Tennessee

    “I’m thrilled that major upgrades to our new facility in Oak Ridge will start soon, which will allow us to take the next steps towards the rebirth of our patented, US-origin laser enrichment technology,” said Christo Liebenberg, Chief Executive Officer of LIS Technologies Inc. “We are taking a pro-active approach with the security upgrade. It is a short matter of time before we demonstrate that the CRISLA process can produce practical quantities of enriched uranium product. We want our facility to be ready and secure before the DOE classifies the technology. This is a major threshold for the Company and positions us closer towards to our ultimate goal of enriching uranium for the next generation of advanced nuclear reactors in the United States.”

    The proprietary technology is the only proven US-origin laser enrichment solution and is scalable, efficient, and cost-effective. Optimized for both Low-Enriched Uranium (LEU) and High-Assay Low-Enriched Uranium (HALEU), it overcomes the limitations of traditional pulsed 16µm CO2 lasers, featuring a streamlined design due to its lower absorption and shorter wavelength at 5.3µm. Demonstrated in the 1980s and 90s, this technology is protected by a patent from the United States Patent and Trademark Office (USPTO).

    About LIS Technologies Inc.

    LIS Technologies Inc. (LIST) is a USA based, proprietary developer of a patented advanced laser technology, making use of infrared wavelengths to selectively excite the molecules of desired isotopes to separate them from other isotopes. The Laser Isotope Separation Technology (L.I.S.T) has a huge range of applications, including being the only USA-origin (and patented) laser uranium enrichment company, and several major advantages over traditional methods such as gas diffusion, centrifuges, and prior art laser enrichment. The LIST proprietary laser-based process is more energy-efficient and has the potential to be deployed with highly competitive capital and operational costs. L.I.S.T is optimized for LEU (Low Enriched Uranium) for existing civilian nuclear power plants, High-Assay LEU (HALEU) for the next generation of Small Modular Reactors (SMR) and Microreactors, the production of stable isotopes for medical and scientific research, and applications in quantum computing manufacturing for semiconductor technologies. The Company employs a world class nuclear technical team working alongside leading nuclear entrepreneurs and industry professionals, possessing strong relationships with government and private nuclear industries.

    For more information please visit: http://www.LaserIsTech.com 

    For further information, please contact:
    Email: info@laseristech.com
    Telephone: 800-388-5492
    Follow us on Twitter
    Follow us on LinkedIn

    Forward Looking Statements

    This news release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control. For LIS Technologies Inc., particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following which are, and will be, exacerbated by any worsening of global business and economic environment: (i) risks related to the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, loss of key individuals and uncertainty of success of patent filing, (ii) our ability to obtain contracts and funding to be able to continue operations and (iii) risks related to uncertainty regarding our ability to commercially deploy a competitive laser enrichment technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission; and other risks and uncertainties discussed in this and our other filings with the SEC. Only after successful completion of our Phase 2 Pilot Plant demonstration will LIS Technologies be able to make realistic economic predictions for a Commercial Facility. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    The MIL Network –

  • MIL-OSI: AppFolio to Unveil Powerful New Real Estate Industry Insights and Innovations at 2024 FUTURE Conference

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Sept. 26, 2024 (GLOBE NEWSWIRE) — AppFolio (NASDAQ: APPF), the technology leader powering the future of the real estate industry, today announced the speaker line-up for FUTURE: The Real Estate Conference by AppFolio. The event will convene real estate professionals, speakers, technologists, and industry leaders for three days of innovation from October 28-30, 2024 in San Diego, CA.

    New York Times #1 Best-Selling Author Daniel Pink and Three-Time Olympic Gold Medalist Kerri Walsh Jennings will deliver inspiring keynotes on the mainstage, which will also include talks from AppFolio CEO Shane Trigg, SVP of Product Kyle Triplett, and Industry Principal Stacy Holden. FUTURE will feature a musical performance from legendary R&B vocal group Boyz II Men at the Rady Shell.

    As the premier conference for real estate professionals, attendees will be able to explore more than 45 sessions led by over 60 industry speakers, including:

    • Stephanie Anderson, Senior Director of Communication and Social Media, Grace Hill
    • Dom Beveridge, Principal, 20for20
    • Mike Brewer, Co-Founder, Multifamily Media Network
    • Jordan Brooks, Senior Market Analyst, ALN Apartment Data
    • Daniel Craig, Chief Strategy Officer, ProfitCoach
    • Kristi Fickert, Vice President of Enterprise Growth, Realync
    • Sharon Wilson Géno, President, National Multifamily Housing Council
    • Ray Hespen, CEO and Co-Founder, Property Meld
    • Moses Kagan, Co-Founder and Partner, Adaptive Realty; Founder, Re-convene
    • Robert Pinnegar, President and CEO, National Apartment Association
    • Taimur Rashid, Managing Director, Generative AI Innovation & Delivery, Amazon Web Services

    At this year’s conference, attendees will experience:

    • Innovation that will transform the results of their business: Come away with a deeper perspective on the evolving landscape and the strategies that will define the future, including AI, affordable housing, transformation of the resident experience, and more.
    • New solutions and partners to elevate business: Discover the latest proptech solutions and platform innovations through demos from product experts and the growing network of AppFolio Stack™ partners.
    • Connections with the industry’s best and brightest: Foster relationships with other real estate professionals, speakers, technologists, and industry leaders through curated networking events.
    • Hands-on training opportunities: Master AppFolio workflows to reach goals through pre-event training and certification sessions; available to current AppFolio customers for an additional fee.

    “For more than a decade, our conference has sparked insights and connections AppFolio customers can use to more effectively operate and grow their businesses. This year, we’re elevating the experience by expanding into a premier real estate industry event,” said Lisa Horner, Senior Vice President of Marketing at AppFolio. “We’re thrilled to invite the real estate community to join us at FUTURE 2024, which will converge thought leadership, pioneering vision, and technology innovation to champion the future of real estate.”

    FUTURE 2024 Sponsors:

    • Platinum Sponsors: AvidXchange, Balanced Asset Solutions, REA.co
    • Gold Sponsors: Amazon Hub Apartment Locker, Banyan, Eng Flanders Group, Hunter Warfield, Pay Ready, Possession Partner, Proper AI, Property Meld, RentCheck, SafeRent, ShowMojo, Tenant Turner, zInspector
    • Silver Sponsors: Aldous & Associates, APM Help, Birdeye, Breezeway, ButterflyMX, Engrain, HappyCo, Hott Solutions, The KSC Group, LeadSimple, Livable, Livly, Lula, NetVendor, OJO Bookkeeping, One11 Advisors, Opiniion, Page Per Page, PetScreening, Quext, RemoteLock, REdirect Consulting, Zego
    • Experience Sponsor: Best Egg

    The FUTURE conference will take place from October 28-30, 2024 at the Marriott Marquis San Diego Marina. To learn more or register, visit futureconference.com.

    About AppFolio
    AppFolio is the technology leader powering the future of the real estate industry. Our innovative platform and trusted partnership enable our customers to connect communities, increase operational efficiency, and grow their business. For more information about AppFolio, visit appfolio.com.

    For more information, please contact:
    Mission North for AppFolio
    appfolio@missionnorth.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8b9cdce4-672e-4497-a427-b42b582cc5ae

    The MIL Network –

  • MIL-OSI: Gevo Acquires CultivateAI for its Verity Business Unit

    Source: GlobeNewswire (MIL-OSI)

    ENGLEWOOD, Colo., Sept. 26, 2024 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) has acquired Cultivate Agricultural Intelligence, LLC (“CultivateAI”) for $6 million in cash, with the opportunity for the sellers to receive additional earn-out payments. Gevo will fold CultivateAI into its wholly owned Verity subsidiary to accelerate Verity’s business development and growth. CultivateAI is a proven business with expected 2024 revenue of $1.7 million and corresponding positive cash flow. CultivateAI provides agricultural data to clients through a software as a service (“SaaS”) platform.

    Gevo expects to combine CultivateAI’s digital agriculture data and analytics platform with Verity’s carbon accounting and tracking solutions to provide the highest quality data-driven solutions for carbon abatement in food, feed, fuels, and industrial markets, while simultaneously helping farmers improve their operations, sustainability, and profitability. CultivateAI’s SaaS platform is a cloud-based, mobile platform that helps farm operators, agronomists, ag-service providers, and researchers make informed, data-driven decisions with real-time analytics.

    “Adding CultivateAI and its inventive approach to Verity will help us grow revenue by providing the most complete set of data-driven analytics services to farmers, agronomists, and researchers,” said Dr. Paul Bloom, Head of Verity and Chief Carbon Officer of Gevo. “With this acquisition, Verity is speeding up our development and increasing the value we will deliver to our customers.”

    Verity is at the forefront of creating the ability to track, verify, and empirically value carbon intensity across the full carbon lifecycle. By adding the tools and existing business from CultivateAI, Verity will benefit from the addition of clients outside the biofuel segment as well as additional revenue streams.

    “We are constantly looking for this kind of development that delivers new streams of untapped revenue to the company,” said Dr. Pat Gruber, CEO of Gevo. “As we accelerate development of Verity, we expect to see these customer relationships and revenue opportunities grow as customers seek out new products and services that help them understand their businesses better. These new business elements support our mission of growing an efficient circular economy, and delivering shareholder returns by adding scalable revenue opportunities now.”

    About Gevo
    Gevo’s mission is to convert renewable energy and biogenic carbon into sustainable fuels and chemicals with a net zero or better carbon footprint. Gevo’s innovative technology can be used to make a variety of products, including sustainable aviation fuel (“SAF”), motor fuels, chemicals, and other materials. Gevo’s business model includes developing, financing, and operating production facilities for these renewable fuels and other products. It currently runs one of the largest dairy-based renewable natural gas (“RNG”) facilities in the United States. It also owns the world’s first production facility for specialty alcohol-to-jet (“ATJ”) fuels and chemicals. Gevo emphasizes the importance of sustainability by tracking and verifying the carbon footprint of its business systems through its Verity subsidiary.

    For more information, see http://www.gevo.com.

    About Verity
    Verity is at the forefront of creating the ability to track, verify, and empirically value carbon intensity across the full carbon lifecycle. Verity Holdings, LLC is a wholly owned subsidiary of Gevo, Inc.

    For more information, see http://www.veritytracking.com.

    About CultivateAI
    CultivateAI is a cloud-based, mobile platform that helps its customers make informed, data-driven decisions with real-time analytics. Its trusted insights are designed to help agricultural operations increase production, manage risk, and maximize profitability.

    For more information, see cultivateagi.com.

    Forward Looking Statement
    Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, including, without limitation, CultivateAI and its operations, the integration of CultivateAI into Verity, CultivateAI’s expected financial results and other statements that are not purely statements of historical fact. These forward-looking statements are made based on the current beliefs, expectations, and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2023 and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

    Media Contact
    Lindsay Fitzgerald
    Senior Vice President of Public Affairs
    PR@gevo.com

    Investor Contact
    Eric Frey, PhD
    Vice President of Finance & Strategy
    IR@Gevo.com

    The MIL Network –

  • MIL-OSI: LPL Financial Welcomes GreenPoint Wealth Management

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Sept. 26, 2024 (GLOBE NEWSWIRE) — LPL Financial LLC, announced today that financial advisors Jeff Minucci, CFP®, and David Ryzman, CFP®, have joined LPL Financial’s broker-dealer, RIA and custodial platforms. They reported having served approximately $150 million in advisory, brokerage and retirement plan assets* and join LPL from Osaic.

    For more than 20 years, Minucci and Ryzman have collaborated in various roles within the financial services industry, eventually becoming business partners in the independent space. They specialize in developing innovative strategies to help meet their clients’ retirement planning objectives and use robust financial education to encourage their clients to better understand their financial portfolios.

    “We believe in a comprehensive approach, which includes designing plans tailored to each individual client to help reduce risk and tax implications, while focusing on long-term performance, sustainable retirement income and effective estate protection,” Minucci said.

    With the move to LPL, the McKinney, Texas-based advisors have launched a new firm, GreenPoint Wealth Management.

    “We wanted to create our own identity and shape our practice on our terms,” Ryzman said. “After a thorough due diligence process, we felt LPL was the ideal landing spot to support our continued growth. We appreciate LPL’s strong reputation as a leading wealth management firm. We’ve also found that LPL has streamlined processes that make it much easier to do business, which then gives us more time to spend taking care of our clients.”

    Scott Posner, LPL Executive Vice President, Business Development, said, “We extend a warm welcome to Jeff and David and congratulate them on the launch of GreenPoint Wealth Management. Through integrated capabilities and comprehensive business management solutions, LPL is driving flexibility and efficiency, enabling independent financial advisors to focus on growth, entrepreneurialism and putting their clients first.”

    Related

    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) was founded on the principle that LPL should work for advisors and institutions, and not the other way around. Today, LPL is a leader in the markets we serve, serving more than 23,000 financial advisors, including advisors at approximately 1,000 institutions and at approximately 580 registered investment advisor firms nationwide. We are steadfast in our commitment to the advisor-mediated model and the belief that Americans deserve access to personalized guidance from a financial professional. At LPL, independence means that advisors and institution leaders have the freedom they deserve to choose the business model, services and technology resources that allow them to run a thriving business. They have the flexibility to do business their way. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors and institutions, so they can take care of their clients.

    Securities and Advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor. Member FINRA/SIPC. LPL Financial and its affiliated companies provide financial services only from the United States. GreenPoint Wealth Management and LPL Financial are separate entities.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated based on asset and holding details provided to LPL from end of year, 2023.

    Media Contact: 
    Media.relations@LPLFinancial.com 
    (704) 996-1840

    Tracking #633622

    The MIL Network –

  • MIL-OSI: Companjon to enable global car rental company Carwiz to offer its customers the opportunity to cancel their reservations for any reason and receive compensation

    Source: GlobeNewswire (MIL-OSI)

    • The partnership agreement was signed today by representatives from both parties during Carwiz’s third annual company conference in Zagreb, Croatia
    • The Cancel For Any Reason protection is a first in the global car rental industry and will initially be available for reservations made within the EEA
    • Carwiz customers can receive up to 80% of the value of their booking if they need to cancel – no questions asked, no documentation required
    • Companjon will serve as technology provider, underwriter, and risk carrier

    DUBLIN, Sept. 26, 2024 (GLOBE NEWSWIRE) — Leading insurtech Companjon today signed a partnership agreement with Carwiz International, one of the fastest growing car rental franchise companies worldwide, to offer Carwiz customers the ability to cancel their reservations for any reason and recover most of the booking cost. The offering, initially available to customers booking within the EEA, is an industry-first and is a key part of Carwiz’s ambition to deliver top-tier car rental services. Companjon will serve as the technology provider, underwriter, and risk carrier of the cancellation protection.

    Carwiz customers will be able to add-on Cancel For Any Reason at the time of booking for an additional fee that is optimized to the specific details of the car rental. The customer can then seamlessly cancel their booking up to 48 hours before the rental start time – no questions asked, no documentation required – and receive up to 80% of the booking cost. The payout is offered to the customer instantly upon confirmation of cancellation.

    Carwiz CEO, Krešimir Dobrilović, said “We are excited to sign this agreement today, in the presence of the larger Carwiz team, which demonstrates our commitment to providing our customers with an exceptional car rental experience. The ability to cancel for any reason, an industry first, creates a new level of flexibility and convenience for customers who are faced with unexpected situations and circumstances. We look forward to continuing our work with Companjon to launch this unique protection to any customer booking from within the EEA in the following weeks.”

    Companjon CEO, Matthias Naumann, said: “We are proud to be Carwiz’s trusted insurtech partner and enable them to raise the standard for customer experience in the car rental industry with our Cancel For Any Reason solution. We share in Carwiz’s ambition to go where no one has gone before and applaud their boldness to set themselves apart from their competition by being ‘right there when life happens’ for their customers. We look forward to launching the offering with them before year’s end and celebrating its success with the Carwiz team in due course.”

    Companjon, established in 2020, seeks to change the way people think about insurance. The company has implemented a variety of tailored, dynamic insurtech products with globally recognized brands in the travel, mobility, live events and entertainment, and fintech sectors. Its unparalleled end-to-end solution design leverages the latest technology, like machine learning and artificial intelligence, to delight its business partners’ customers through protection that enhances flexibility and convenience across 32 countries in Europe and North America.

    About Companjon 

    Companjon is a leading B2B2C insurtech start-up specializing in fully digital, AI-driven embedded insurance. Its modern, end-to-end insurance solutions enable companies to delight their customers and drive more business value from stronger brand loyalty and new ancillary revenue opportunities. Companjon designs, builds, and underwrites its dynamic solutions on a 100% cloud-based platform capable of issuing 32,000 policies per second, integrating API gateways easily, and leveraging the latest advanced technology. It has been recognized as one of the World’s Top Insurtech Companies 2024 by CNBC and one of the world’s most innovative insurtechs by FinTech Global for three consecutive years (2021-2023).

    Companjon seeks to change the way people think about insurance by creating seamless and positive experiences when things don’t go as planned: being right there when ‘life’ happens. The company is registered in Ireland and regulated by the Central Bank of Ireland.

    http://www.companjon.com

    Media Contact:
    Kimberly Littlefield
    +353 (0)86 107 0416
    press@companjon.com

    The MIL Network –

  • MIL-OSI: Wearable Devices Boldly Welcomes Meta’s Neural Control Entry to the AR/VR/XR Market

    Source: GlobeNewswire (MIL-OSI)

    Yokneam Ilit, Israel, Sept. 26, 2024 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), an award-winning pioneer in AI-based gesture control technology, today applauded Meta’s entrance into the gesture control space with its announcement at Meta Connect 2024.

    “Welcome, Meta. Seriously,” declared Wearable Devices’ Chief Executive Officer Asher Dahan. “Competition only fosters innovation, and we are encouraged to see Meta’s nascent commitment to the neural interface sector which we at Wearable Devices have been advancing and perfecting for over a decade.”

    With its award-winning Mudra Band and Mudra Link neural gesture control devices, both of which empower users with hands-free digital navigation, Wearable Devices long ago redefined the way people interact with technology. The Company has repeatedly demonstrated the transformative nature of neural interface technology, enabling users to control digital environments using their thoughts and intentions, opening new doors for hands-free interaction with devices and digital experiences.

    “Meta’s new move into this field validates the immense potential and growing importance of neural control,” added Mr. Dahan. “Clearly, we at Wearable Devices have been onto something big all along as the trailblazers in neural wearables, and we look forward to continuing to push boundaries alongside other key players in the space.”

    In the past year, the Mudra Band has enhanced the experience of thousands of users, showcasing its proven value. While Meta presented its neural wristband as a ‘Purposeful Product Prototype’ for smart glasses, we offer a versatile solution that controls computers, applications, and smart glasses.

    Wearable Devices has long been at the forefront of gesture control innovation, having won the prestigious ‘Best of CES Innovation Award’ in 2021 for its Mudra Band, the first neural interface wristband.

    For more information, visit http://www.wearabledevices.co.il.

    About Wearable Devices Ltd.

    Wearable Devices Ltd. is a growth company developing AI-based neural input interface technology for the B2C and B2B markets. The Company’s flagship product, the Mudra Band for Apple Watch, integrates innovative AI-based technology and algorithms into a functional, stylish wristband that utilizes proprietary sensors to identify subtle finger and wrist movements allowing the user to “touchlessly” interact with connected devices. The Company also markets a B2B product, which utilizes the same technology and functions as the Mudra Band and is available to businesses on a licensing basis. Wearable Devices Is committed to creating disruptive, industry leading technology that leverages AI and proprietary algorithms, software, and hardware to set the input standard for the Extended Reality, one of the most rapidly expanding landscapes in the tech industry. The Company’s ordinary shares and warrants trade on the Nasdaq market under the symbols “WLDS” and “WLDSW”, respectively.

    Forward-Looking Statement Disclaimer

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we discuss the benefits and advantages of the Company’s devices and technology . All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. 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: the trading of our ordinary shares or warrants and the development of a liquid trading market; our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2023, filed on March 15, 2024 and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations Contact

    Walter Frank
    IMS Investor Relations
    203.972.9200
    wearabledevices@imsinvestorrelations.com

    Media Contact:

    Steve Schuster
    Rainier Communications
    steve@rainierco.com
    +1-508-868-5892

    The MIL Network –

  • MIL-OSI: Deutsche Bank ADR Virtual Investor Conference: Presentations Now Available for Online Viewing

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 26, 2024 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the Deutsche Bank Depositary Receipts Virtual Investor Conference (“dbVIC”) held September 24th and 25th are now available for online viewing.

    REGISTER NOW AT: https://bit.ly/3ZHifQf

    The company presentations will be available 24/7 for 90 days.

    September 24th


    September 25    th

    To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit http://www.virtualinvestorconferences.com.

    About Virtual Investor Conferences®

    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    Media Contact: 
    OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

    Virtual Investor Conferences Contact:
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI: EFI Expands Relationship with Global Strategic Partner DPI

    Source: GlobeNewswire (MIL-OSI)

    LONDONDERRY, N.H., Sept. 26, 2024 (GLOBE NEWSWIRE) — Electronics For Imaging, Inc. today reported its subsidiary, EFI Cretaprint S.L.U., has licensed its Building Materials digital printing business to its current global strategic partner, DPI, an innovative technology company with a network of dealers that specializes in research, development, production, sales, and service for high-speed industrial digital printing solutions.

    “This strategic partnership strengthens DPI’s role as the exclusive provider of service and support for EFI’s ceramic digital printers and spare parts, leveraging EFI’s renowned know-how, trademarks, and uncompromising quality standards,” said Scott Schinlever, Chief Operating Officer for EFI’s global inkjet business. “DPI’s expanded role in delivering support to our global customer base reflects the trust and expertise they’ve demonstrated over the years. As part of this agreement, DPI will manage both current and future product and service needs, ensuring that customers continue to receive the high-quality support they have come to expect from EFI.”

    With this agreement, DPI’s global network of dealers and services technicians will take on an expanded service footprint, further enhancing its capacity to meet the evolving needs of customers around the world. “This latest stage in our relationship with EFI allows us to bring comprehensive coverage for customers using these cutting-edge technologies,” said Eddie Cheng, General Manager of DPI. “We’re excited to continue building on our partnership and look forward to showcasing these products and our expanded role at the upcoming TECHNA Expo.” DPI will be exhibiting in Hall 4, Booth 104 at the TECHNA Expo, taking place 24 to 27 September in Rimini, Italy.

    To learn more about EFI’s portfolio of innovative digital inkjet products and support services, visit http://www.EFI.com.

    About EFI
    EFI™ is a global technology company, leading the worldwide transformation from analog to digital imaging. We understand our customers want breakthrough technologies to lead them through their digital journey. That’s why we’re passionate about driving their business growth with a scalable portfolio of products, solutions, services, support, and world-class partnerships for the manufacturing of signage, packaging, textiles, ceramic tiles, building materials, commercial print, and personalized documents with a wide range of printers, inks, digital front ends, and workflow software. They work together to increase profits, cut costs, improve productivity, and optimize efficiency – job after job, year after year. We are devoted to our customers. And we definitely believe we have the right people, technology and experience to help them achieve their business goals. (http://www.efi.com)

    Follow EFI online:

    Follow us on Twitter: https://twitter.com/EFIPrint
    Find us on Facebook: http://www.facebook.com/EFIPrint
    View us on YouTube: http://www.youtube.com/EFIDigitalPrintTech

    NOTE TO EDITORS: The EFI logo is a registered trademark of Electronics For Imaging, Inc. in the U.S. and/or certain other countries. EFI is a trademark of Electronics For Imaging, Inc. in the U.S. and/or certain other countries.

    Nothing herein should be construed as a warranty in addition to the express warranty statements provided with EFI products and services.

    Contact:
    Holly O’Rourke, EFI
    News3@efi.com

    The MIL Network –

  • MIL-OSI: WEBTOON SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against WEBTOON Entertainment Inc. – WBTN

    Source: GlobeNewswire (MIL-OSI)

    NEW ORLEANS, Sept. 25, 2024 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until November 4, 2024 to file lead plaintiff applications in a securities class action lawsuit against WEBTOON Entertainment Inc. (“Webtoon” or the “Company”) (NasdaqGS: WBTN), if they purchased the Company’s shares pursuant and/or traceable to the Company’s registration statement issued in connection with its June 2024 initial public offering (“IPO”). This action is pending in the United States District Court for the Central District of California.

    Get Help

    Webtoon investors should visit us at https://claimsfiler.com/cases/nasdaq-wbtn/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

    About the Lawsuit

    Webtoon and certain of its executives and others are charged with failing to disclose material information in its IPO Registration Statement and Prospectus (collectively, the “Offering Documents”), violating federal securities laws.

    On August 8, 2024, the Company announced its financial results for 2Q 2024, disclosing total revenue growth of only 0.1% and that advertising revenue had declined 3.6%, that IP adaptations revenue had declined 3.7%, and that its quarterly net loss was $76.6 million. Further, the Company also disclosed a quarterly net loss of $76.6 million, and that its revenue and revenue growth had been “offset by the Company’s significant exposure to weaker foreign currencies.”

    On this news, shares of Webtoon fell by more than 38%, and by the commencement of the lawsuit, the Company’s stock has traded as low as $12.45 per share, a more than 40% decline from the $21.00 per share IPO price.

    The case is Brookman v. WEBTOON Entertainment Inc., et al., No. 24-cv-07553.

    About ClaimsFiler

    ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

    To learn more about ClaimsFiler, visit http://www.claimsfiler.com.

    The MIL Network –

  • MIL-OSI: METHODE ELECTRONICS SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Methode Electronics, Inc. – MEI

    Source: GlobeNewswire (MIL-OSI)

    NEW ORLEANS, Sept. 25, 2024 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 25, 2024 to file lead plaintiff applications in a securities class action lawsuit against Methode Electronics, Inc. (NYSE: MEI), if they purchased the Company’s shares between June 23, 2022 and March 6, 2024, inclusive (the “Class Period”). This action is pending in the United States District Court for the Northern District of Illinois.

    Get Help

    Methode Electronics investors should visit us at https://claimsfiler.com/cases/nyse-mei/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

    About the Lawsuit

    Methode and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

    On March 7, 2024, the Company announced its financial results for 3Q2024, disclosing that its Automotive Segment generated only $139.7 million in net sales for the quarter and suffered an $11 million loss from operations, and that it was withdrawing its prior guidance due in substantial part to the “operational challenges” at its Monterrey facility and that its prior statements regarding the guidance should no longer be relied upon. On this news, the price of Methode’s shares fell 31%, from $21.04 per share when the market closed on March 6, 2024 to $14.49 per share when the market closed on March 7, 2024, on abnormally high volume.

    The case is Salem v. Methode Electronics, Inc., No. 24-cv-07696.

    About ClaimsFiler

    ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

    To learn more about ClaimsFiler, visit http://www.claimsfiler.com.

    The MIL Network –

  • MIL-OSI: SUPER MICRO COMPUTER SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Super Micro Computer, Inc. – SMCI

    Source: GlobeNewswire (MIL-OSI)

    NEW ORLEANS, Sept. 25, 2024 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 29, 2024 to file lead plaintiff applications in securities class action lawsuits against Super Micro Computer, Inc. (“SMCI” or the “Company”) (NasdaqGS: SMCI), if they purchased the Company’s securities between February 2, 2021 and August 28, 2024, inclusive (the “Class Period”). These actions are pending in the United States District Court for the Northern District of California.

    Get Help

    SMCI investors should visit us at https://claimsfiler.com/cases/nasdaq-smci-3/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

    About the Lawsuits

    SMCI and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

    On August 27, 2024, Hindenburg Research released a report entitled “Super Micro: Fresh Evidence of Accounting Manipulation, Sibling Self-Dealing and Sanctions Evasion at this AI High Flyer” that detailed its “3-month investigation” which uncovered “glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and expert control failures, and customer issues,” and that the Company continued to engage in channel-stuffing despite being charged by the SEC for doing so. On this news, the price of SMCI’s shares fell from a closing price of $562.51 per share on August 26, 2024 to $443.49 per share on August 28, 2024.

    The first-filed case is Averza v. Super Micro Computer, Inc., 24-cv-06147. Two subsequent cases were filed, Menditto v. Super Micro Computer, Inc., 24-cv-06149 and Spatz v. Super Micro Computer, Inc., 24-cv-06193.

    About ClaimsFiler

    ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

    To learn more about ClaimsFiler, visit http://www.claimsfiler.com.

    The MIL Network –

  • MIL-OSI: ORTHOFIX MEDICAL SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Orthofix Medical, Inc. – OFIX

    Source: GlobeNewswire (MIL-OSI)

    NEW ORLEANS, Sept. 25, 2024 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 21, 2024 to file lead plaintiff applications in a securities class action lawsuit against Orthofix Medical, Inc. (NasdaqGS: OFIX), if they purchased the Company’s shares between October 11, 2022, and September 12, 2023, inclusive (the “Class Period”). This action is pending in the United States District Court for the Eastern District of Texas.

    Get Help

    Orthofix investors should visit us at https://claimsfiler.com/cases/nasdaq-ofix-1/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

    About the Lawsuit

    Orthofix and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

    On September 12, 2023, the Company announced the appointment of an interim CEO, interim CFO, and interim CLO, effective immediately, following the “unanimous decision by the Board’s independent directors to terminate for cause [President and CEO] Keith Valentine, [CFO] John Bostjancic and [CLO] Patrick Keran from those respective roles” due to an independent investigation that revealed that “each of these executives engaged in repeated inappropriate and offensive conduct that violated multiple code of conduct requirements and was inconsistent with the Company’s values and culture.”

    On this news, the price of Orthofix’s shares fell $5.62 per share, or over 30%, to close at $13.01 per share on September 13, 2023, on unusually heavy volume.

    The case is Bernal v. Orthofix Medical, Inc., et al., No. 2:24-cv-00690.

    About ClaimsFiler

    ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

    To learn more about ClaimsFiler, visit http://www.claimsfiler.com.

    The MIL Network –

  • MIL-OSI: STELLANTIS SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Stellantis N.V. – STLA

    Source: GlobeNewswire (MIL-OSI)

    NEW ORLEANS, Sept. 25, 2024 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until October 15, 2024 to file lead plaintiff applications in a securities class action lawsuit against Stellantis N.V. (NYSE: STLA), if they purchased the Company’s securities between February 15, 2024 to July 24, 2024, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.

    Get Help

    Stellantis investors should visit us at https://claimsfiler.com/cases/nyse-stla/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

    About the Lawsuit

    Stellantis and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

    On July 25, 2024, the Company announced its first half 2024 financial results, disclosing disappointing news, including “[n]et revenues of €85.0 billion, down 14% compared to H1 2023, primarily due to the decline in volume and mix; net profit of €5.6 billion, down 48% compared to H1 2023, primarily due to lower volume and mix, headwinds from foreign exchange and restructuring costs; adjusted operating income of €8.5 billion, down €5.7 billion compared to H1 2023, primarily due to decreases in North America.”

    On this news, the price of Stellantis’ shares fell from a closing price of $19.60 per share on July 24, 2024 to $17.66 per share on July 26, 2024.

    The case is Long v. Stellantis N.V., et al., No. 24-cv-06196.

    About ClaimsFiler

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