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Category: GlobeNewswire

  • MIL-OSI: Replacement in bonds for new lending – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    To Nasdaq Copenhagen A/S

    Replacement in bonds for new lending

    On October 1, 2024, the following replacements of bonds for new loan offers will take place in Nykredit Realkredit A/S.

    Loan Type Current Bond New Bond
    Euribor3 callable (SDO) ISIN DK0009543571 ISIN DK0009546400
    Interest rate spread 0.48% Interest rate spread 0.50%
    Maturity date 01-04-2026 Maturity date 01-10-2027
    Closing date 31-01-2026 Closing date 31-07-2027

    Loan disbursement will occur in the bond specified in the loan offer. The current bonds can still be used for new lending until the closing date, but starting from the change date, the new bonds will be the standard bonds in the loan offer systems.

    Questions may be addressed to Group Treasury, Lars Mossing Madsen, tel +45 44 55 11 66, or Christian Mauritzen, tel +45 44 55 10 14.

    Attachment

    The MIL Network –

  • MIL-OSI: Signing Day Sports Identifies Synergies from Acquisition of Swifty Global, Expected to Drive Accelerated Revenue Growth, Cost Savings, and Global Expansion

    Source: GlobeNewswire (MIL-OSI)

    SCOTTSDALE, Arizona, Sept. 23, 2024 (GLOBE NEWSWIRE) — Signing Day Sports, Inc. (“Signing Day Sports” or the “Company”) (NYSE American: SGN), the developer of the Signing Day Sports app and platform to aid high school athletes in the recruitment process, today provided an update regarding its financial position and its plans to acquire Dear Cashmere Group Holding Company (OTC:DRCR), doing business as Swifty Global (“Swifty”), highlighting the strategic and financial synergies that are expected to drive accelerated growth and operational efficiency for both companies.

    Extinguishment of Convertible Notes

    As of September 23, 2024, the outstanding convertible senior secured promissory notes of the Company, with an original balance of more than $0.6 million, had been fully extinguished, primarily from conversion into shares of common stock.

    The improved financial position strengthens the Company’s prospects for growth and future capital raising.

    Key Highlights from the Acquisition

    As previously announced, Signing Day Sports entered into a binding term sheet to acquire 95-99% of the issued and outstanding shares of Swifty, a global online sports and casino technologies company. Swifty is debt-free with a proven track record of growth, revenue generation and profitability. The acquisition is expected to significantly enhance Signing Day Sports’ revenue generation, technical capabilities and profitability from the expansion of both companies.

    • Strong Financial Performance: Swifty achieved revenues of over $128 million and a net profit of approximately $2.44 million for the fiscal year ended December 31, 2023, despite significant investments of nearly $3.1 million in software development and licensing.
    • Global Expansion: Swifty is expanding internationally. Swifty recently acquired licenses to offer a full integrated suite of products in Ireland and South Africa, which are expected to have significant online sports and casino markets with limited competition.
    • Fast Development of Revenue Generating Technology: Swifty plans to offer data feed services for the online sports gambling industry in the near future. Swifty has determined that data feed services are expensive and limited in choice, which creates an opportunity for Swifty, and that many sports, like boxing, have limited or no live data feed available to allow real-time betting. The Signing Day Sports team has significant experience working with critical sports datapoints and creating sports measurement technologies, which could assist Swifty in developing this revenue stream.

    Strategic Synergies

    The integration of Swifty is expected to bring several operational advantages and new revenue opportunities for Signing Day Sports:

    • Cost Efficiency: Swifty’s in-house engineering team is expected to reduce Signing Day Sports’ operating costs by over 50%, enabling the company to reinvest those savings into growth initiatives. It is also expected to increase the speed at which Signing Day Sports can roll out new products and technological enhancements to its current offering and optimize monetization of the product and user base.
    • Revenue Growth in SaaS: At their core, both Signing Day Sports and Swifty are SaaS model businesses. Swifty’s scalability, technological resources, and technology initiatives are expected to bolster the growth of Signing Day Sports’ app user base, enhance user retention and provide additional opportunities to monetize renewing subscribers with additional revenue streams.
    • New Revenue Streams: Swifty is expected to further expand Signing Day Sports’ current product offering while also broadening the Company’s exposure to new sports and athletes outside the U.S. Signing Day Sports has accumulated more than 10,000 registered users, which it plans to increase at an accelerated rate in the fourth quarter of 2024 and 2025. The Company’s focus is to develop new strategic revenue streams, and improve revenue metrics per user, with the same aim of fully monetizing this growing user base.
    • New Market Exposure: Since its beginning as a football student-athlete recruitment platform provider, Signing Day Sports has expanded its platform to support baseball, softball, and men’s and women’s soccer. Swifty is expected to bring exposure to new markets in Europe, Africa and the Middle East, as well as exposure to emerging sports without established recruitment models. The Company anticipates that early adopters in these emerging sports markets are a significant market and plans to broaden its platform to capitalize on these prospective revenue streams.
    • Enhanced User Engagement: Swifty’s team is expected to introduce exciting new features to Signing Day Sports, including gamification elements such as live scoreboards, top competitor leaderboards, fantasy leagues and real-time performance tracking, which are designed to boost engagement, organic user acquisition and user retention.

    “With Swifty expected to join the Signing Day Sports family, we anticipate being better positioned than ever to deliver an enhanced user experience while accelerating our expansion into new markets,” said Daniel Nelson, CEO of Signing Day Sports. “This acquisition represents a pivotal moment in our growth journey, and we are confident in the significant value it will bring to our platform, collaborators, student-athletes, and stockholders.”

    James Gibbons, CEO of Swifty, added, “Swifty is excited to bring our technological capabilities and global reach to the Signing Day Sports platform. Together, we will create new opportunities for student-athletes and coaches worldwide while driving operational efficiencies that will further our mutual goals. We look forward to working with Signing Day Sports as we scale into new markets and continue to innovate for the benefit of our users.”

    For further information about Signing Day Sports and Swifty, please see their communication channels listed below:

    Website: https://swifty.global
    X: @swiftyglobal
    Telegram: @swiftyglobal
    Email: hello@swifty.global

    Website: https://signingdaysports.com
    Ecommerce Website: https://signingdayshop.com
    Investor Relations Website: https://ir.signingdaysports.com
    X: @sdsports
    Email: support@signingdaysports.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “may,” “could,” “will,” “should,” “would,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “project” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, including without limitation, the Company’s ability to complete the acquisition of Swifty and integrate its business, the ability of the Company, the sellers and Swifty to enter into definitive stock purchase agreement(s), obtain all necessary consents and approvals in connection with the acquisition, obtain NYSE American clearance of a new initial listing application in connection with the acquisition, obtain shareholder approval of the matters to be voted on at the shareholders’ meeting described in the press release, obtain sufficient funding to maintain operations and develop additional services and offerings, market acceptance of the Company’s current products and services and planned offerings, competition from existing online and retail offerings or new offerings that may emerge, impacts from strategic changes to the Company’s business on its net sales, revenues, income from continuing operations, or other results of operations, the Company’s ability to attract new users and customers, increase the rate of subscription renewals, and slow the rate of user attrition, the Company’s ability to retain or obtain intellectual property rights, the Company’s ability to adequately support future growth, the Company’s ability to comply with user data privacy laws and other current or anticipated legal requirements, and the Company’s ability to attract and retain key personnel to manage its business effectively. These risks, uncertainties and other factors are described more fully in the section titled “Risk Factors” in the Company’s periodic reports which are filed with the Securities and Exchange Commission. These risks, uncertainties and other factors are, in some cases, beyond our control and could materially affect results. If one or more of these risks, uncertainties or other factors become applicable, or if our underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward-looking statements. No forward-looking statement is a guarantee of future performance. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

    Investor Contact:
    Crescendo Communications, LLC
    212-671-1020
    SGN@crescendo-ir.com

    The MIL Network –

  • MIL-OSI: WOO Token Surges on Coinone, Hits $3.13M in Trading Volume

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Sept. 23, 2024 (GLOBE NEWSWIRE) — WOO X, a leading centralized crypto futures and spot trading platform, proudly announces the successful listing of the WOO token on Coinone, one of South Korea’s largest cryptocurrency exchanges. Listed on September 19, 2024, this debut allows Korean users to trade WOO tokens in KRW, significantly expanding the token’s accessibility within one of Asia’s most active crypto markets.

    Since its listing, the WOO token has shown robust performance, achieving a 24-hour trading volume of $3.13 million and reaching rank 4 on Coinone’s spot market.

    Special Airdrop Event to Celebrate the Listing

    To celebrate this achievement, Coinone is hosting a “WOO First-Come First-Served Deposit Event,” running from 04:00 UTC on September 19 to 14:59 UTC on September 25, 2024. Participants who complete the event’s missions will be rewarded with exclusive WOO token airdrops.

    “As we list the WOO token on Coinone, we’re excited to expand its accessibility to one of the most active cryptocurrency markets in the region. This listing allows South Korean users to trade WOO with KRW, enhancing their access to our ecosystem. South Korea is central to our expansion in Asia, driven by its strong demand for a diverse range of products,” said Willy Chuang, COO of WOO X​.

    The WOO token is central to both the WOOFi protocol, a leading decentralized exchange, and WOO X, a top-tier centralized platform, enhancing its utility across both markets.

    Disclaimer

    The information provided in this article is for general informational purposes only and does not constitute financial, investment, legal, or professional advice of any kind. While we have made every effort to ensure that the information contained herein is accurate and up-to-date, we make no guarantees as to its completeness or accuracy. The content is based on information available at the time of writing and may be subject to change.

    Cryptocurrencies involve significant risk and are NOT suitable for the majority of investors. The value of digital currencies can be extremely volatile, and you should carefully consider your investment objectives, level of experience, and risk appetite before participating in any activities or transactions involving cryptocurrencies.

    We strongly recommend that you seek independent advice from a qualified professional before making any investment or financial decisions related to cryptocurrencies. We shall in NO case be liable for any loss or damage arising directly or indirectly from the use of or reliance on the information contained in this article.

    Contact us: media@woo.network

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/feab1e0e-8634-4d8d-8723-761961110a75

    The MIL Network –

  • MIL-OSI: Employ Inc. Appoints Joey Humke as Chief Revenue Officer

    Source: GlobeNewswire (MIL-OSI)

    DENVER, Sept. 23, 2024 (GLOBE NEWSWIRE) — Employ Inc., a leading provider of people-first recruiting and talent acquisition solutions including JazzHR, Lever, Jobvite and NXTThing RPO, today announced the appointment of Joey Humke as Chief Revenue Officer effective today.

    In this role, Humke will oversee and optimize Employ’s revenue strategies, operations and growth initiatives. He will work closely with cross-functional teams and existing leadership to align revenue and marketing initiatives with the overall vision and business objectives to maximize revenue potential, reach current and new customers and drive Employ’s value proposition. As a member of the Employ executive leadership team, Humke will report to Employ CEO Steve Cox.

    Humke is a seasoned executive with a history of scaling teams efficiently to exceed expectations. Humke has spent more than a decade leading and overseeing revenue operations at PE-backed SaaS businesses, strategically guiding teams through transformations, integrations, mergers and acquisitions. His experience, coupled with an active approach, ensures his teams are supported and primed for continued success.

    Most recently, Humke served as CRO and Operating Partner at Newbury Franklin, a PE firm focusing on niche markets. Prior to that, he served in various leadership roles at Exclaimer, Marigold and Emma.

    “We are thrilled to welcome Joey to Employ,” said Steve Cox, CEO of Employ. “Joey will be instrumental in helping us identify new market opportunities and build stronger relationships with clients and partners. His passion, expertise and successful track record in developing, scaling and leading strong revenue teams will be vital to advance Employ into its next chapter.”

    Joey Humke, Chief Revenue Officer, Employ Inc., said, “Employ plays a pivotal role in today’s hiring environment. Very few talent acquisition solution providers can match the level of service and experience that its people and solutions offer. I am eager to join an organization that always has the best interest of its customers in mind, and I look forward to being a part of the Employ team.”

    To learn more about Employ Inc. and its people-first talent acquisition solutions, visit www.employinc.com.

    About Employ Inc:
    Employ Inc. provides people-first recruiting solutions that empower companies to overcome their greatest hiring challenges. Serving SMBs to global enterprises, Employ focuses on the unique recruiting needs of each organization — from foundational hiring to sophisticated talent acquisition. Employ is the only organization to offer companies choice in their hiring solutions, providing a curated set of recruiting technologies and services. Together, Employ and its solutions (JazzHR, Lever, Jobvite and NXTThing RPO) serve more than 22,000 customers across multiple industries. For more information, visit www.employinc.com.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1717a7da-dcc0-4c04-ac05-b6de007b59f1

    The MIL Network –

  • MIL-OSI: LVT Launches New Command Center to Drive Immediate Informed Action for Security Teams

    Source: GlobeNewswire (MIL-OSI)

    ORLANDO, Fla., Sept. 23, 2024 (GLOBE NEWSWIRE) — (GSX, Booth #1815)LVT (LiveView Technologies, Inc.), the leader of customizable mobile security and cloud-native software solutions, today unveiled its next-generation Command Center—the culmination 100s of hours spent shadowing and collaborating with security operations teams—designed to give security operators unrivaled control over their video security systems. The 8-year-old proven VSaaS solution, now available in beta, was rebuilt from the ground up to empower personnel with unparalleled efficiency and effective incident management capabilities, including a new user experience that reduces the time needed to make informed response decisions.

    “For nearly a decade, LVT’s Command Center has given security leaders who want to leverage the power of cloud-native software services unmatched situational awareness. Our new Command Center experience provides an even more seamless, reliable, and highly effective system built to stay ahead of the evolving security landscape while leveraging the globally scalable, lower cost of ownership, and dynamic power of cloud compute,” said Steve Lindsey, LVT CTO. “Security teams are often hampered by solutions that restrict them from taking real-time action; failing to deliver timely alerts and provide the essential information to inform an effective response at any moment, day or night.”

    The LVT Command Center was designed using extensive market research and customer feedback, which highlighted the acute need for sophisticated, AI-integrated security management solutions. New and enhanced features that provide customizations to manage complex enterprise environments at scale include:

    • Instant video playback: Access and stream recorded videos with no delay, improving decision-making processes and enabling more accurate and effective responses.
    • View and manage multiple camera views: Watch cameras from multiple units for a more comprehensive and detailed understanding of incidents.
    • Intelligent prioritization: Configure the Command Center to prioritize alerts and decide what notifications they receive, such as marking potential assaults as high priority and animals as low priority.
    • In-depth analytics: Classify incidents and quickly review incidents within a category classification to understand how those situations were resolved.
    • Incident history: Review responses, find training opportunities, and optimize future responses through a new timeline view that shows exactly what happened during an incident across LVT Units, including security personnel actions.

    Customers can access the beta Command Center today, with general availability in Q4 2024. Future enhancements will include new AI capabilities and intuitive automatic alerts. Customers can contact their LVT representative in order to join the Command Center beta.

    Visit LVT at GSX Booth #1815, and learn more at www.lvt.com.

    About LVT
    LVT (LiveView Technologies, Inc.) is a leader in life safety and security and the premier developer and manufacturer of mobile, solar powered and cellular-connected surveillance solutions and software. Headquartered in American Fork, UT, LVT’s enterprise software-as-a-service (SaaS) solution is used by retailers, critical infrastructure and utilities, construction projects, warehouse and distribution centers, and more. LVT is proud to be made in the USA and manufactured in Utah. For more information, visit www.lvt.com.

    Media Contacts:
    Matthew Deighton
    LiveView Technologies
    media@lvt.com

    The MIL Network –

  • MIL-OSI: Bitfarms and Riot Announce Settlement

    Source: GlobeNewswire (MIL-OSI)

    – Andrés Finkielsztain Steps Down from Board –
    – Bitfarms Appoints Amy Freedman to Board of Directors –
    – Board to Nominate an Independent Director for Election at Special Meeting –
    – Standstill Agreement Through 2026 Annual Meeting –

    This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated March 8, 2024, to its short form base shelf prospectus dated November 10, 2023.

    TORONTO, Ontario and BROSSARD, Québec and CASTLE ROCK, Colo., Sept. 23, 2024 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ/TSX: BITF) (“Bitfarms” or the “Company”), a global leader in vertically integrated Bitcoin data center operations, and Riot Platforms Inc. (NASDAQ: RIOT) (“Riot”), an industry leader in vertically integrated Bitcoin (“BTC”) mining, today announced that Bitfarms and Riot have entered into a settlement agreement (the “Agreement”) in advance of the Special Meeting of Bitfarms Shareholders (the “Special Meeting”) currently scheduled for November 6, 2024, which will now be held virtually.

    Under the terms of the Agreement:

    • Andrés Finkielsztain has stepped down from Bitfarms’ Board of Directors (the “Board”).
    • Bitfarms has appointed Amy Freedman to its Board and the Governance and Nominating Committee and Compensation Committee of the Board, effective immediately.
    • Riot has agreed to withdraw its June 24, 2024 requisition, as amended, and to accept customary standstill provisions through the Bitfarms 2026 Annual Meeting, with certain exceptions.
    • At the Special Meeting, shareholders will be asked to approve an expansion of the Board from five members to six members, to elect an independent director nominated by the Board to serve as the sixth member of the Board, and to ratify the Company’s July 24, 2024, shareholder rights plan. Riot has agreed to vote in favour of these matters.
    • The Company has provided Riot with certain rights (subject to certain exceptions) to purchase shares of the Company provided Riot holds 15% or more of the outstanding common shares of the Company.

    As a result of the agreement to nominate an additional director for election at the Special Meeting, the Special Meeting may be delayed, but in no event will it be held later than November 20, 2024. The Company will update its shareholders on the timing of the Special Meeting as soon as it can.

    Brian Howlett, Independent Chairman of the Board, said “The Bitfarms Board is committed to effectively overseeing the execution of the Company’s strategic plan as we work to position Bitfarms to capitalize on the opportunities ahead. Additionally, we recognize the importance of refreshment and having the right mix of skills, experience and diversity, and we are always open to adding qualified candidates with valuable insights and perspectives to strengthen our Board. We are pleased to reach this agreement with Riot, which we believe is in the best interests of all Bitfarms shareholders.”

    Mr. Howlett continued, “On behalf of the Board and the entire company, I thank Andrés for his invaluable contributions to Bitfarms over the last four years. He brought great insights to the boardroom with his extensive knowledge of the financial and crypto industry. We wish him well in his future endeavors. We look forward to leveraging Amy’s extensive experience advising public companies as the Board works together to enhance shareholder value.”

    Ben Gagnon, Chief Executive Officer of Bitfarms, said, “We are pleased to reach this agreement with Riot and look forward to turning our full attention to executing our growth strategy. We remain focused on diversifying the business beyond Bitcoin mining into exciting and synergistic new areas like energy generation, energy trading, heat recycling and other high value revenue streams like HPC/AI.”

    Jason Les, Chief Executive Officer of Riot, said, “This agreement represents a significant step to advance shareholder value creation at our respective companies and we are pleased to have reached this constructive resolution with Bitfarms. As Bitfarms’ largest shareholder, we look forward to supporting a reconstituted Bitfarms Board and continued engagement with management.”

    A copy of the Agreement will be filed on Form 6-K with the U.S. Securities and Exchange Commission (“SEC”) and will be posted to the Company’s SEDAR+ profile at www.sedarplus.ca.

    About Amy Freedman

    Amy is a corporate governance and public capital markets expert with over 25 years of experience. She is currently an advisor to Ewing Morris and Co. Investment Partners, an alternative asset manager with both equity and credit strategies. In her role, Amy spearheads the fund’s engagement investment opportunities. Previously, she was CEO of Kingsdale Advisors, a leading shareholder services and advisory firm specializing in strategic and defensive advisory, governance advisory, proxy and voting analytics and investor communications. Ms. Freedman has spent over 15 years in capital markets as an investment banker with global firms including Stifel Financial Corp. and Morgan Stanley.

    Ms. Freedman is currently a director on the boards of Mandalay Resources Corporation (TSX: MND, OTCQB: MNDJF), Irish Residential Properties REIT plc (ISE: IRES) and American Hotel Income Properties REIT (TSX: HOT.UN, HOT.U). She holds an MBA and a JD from the University of Toronto.

    About Bitfarms Ltd.

    Founded in 2017, Bitfarms is a global vertically integrated Bitcoin mining data center company that contributes its computational power to one or more mining pools from which it receives payment in Bitcoin. Bitfarms develops, owns, and operates vertically integrated mining facilities with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company’s proprietary data analytics system delivers best-in-class operational performance and uptime.

    Bitfarms currently has 12 operating Bitcoin data centers and two under development situated in four countries: Canada, the United States, Paraguay, and Argentina. Powered predominantly by environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using sustainable and often underutilized energy infrastructure.

    To learn more about Bitfarms’ events, developments, and online communities:

    www.bitfarms.com
    https://www.facebook.com/bitfarms/
    https://twitter.com/Bitfarms_io
    https://www.instagram.com/bitfarms/
    https://www.linkedin.com/company/bitfarms/

    About Riot Platforms, Inc.

    Riot’s (NASDAQ: RIOT) vision is to be the world’s leading Bitcoin-driven infrastructure platform. Our mission is to positively impact the sectors, networks and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows Riot to achieve best-in-class execution and create successful outcomes.

    Riot, a Nevada corporation, is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. Riot has Bitcoin mining operations in central Texas and electrical switchgear engineering and fabrication operations in Denver, Colorado.

    For more information, visit www.riotplatforms.com.

    Cautionary Statement 

    Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Stock Exchange, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.

    Forward-Looking Statements 

    This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding the strength and positive outcome of board of director renewal, the date of the Special Meeting, the merits and potential of the Company’s growth plan and diversification strategy, other growth opportunities and prospects, statements regarding future growth, plans and objectives of the Company and the maximization of shareholder value, are forward-looking information. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “prospects”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information.

    This forward-looking information is based on assumptions and estimates of management of the Company and Riot, as applicable, at the time they were made, and involves 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 such forward-looking information. Such factors include, among others, various risks relating to the operations and business of the Company, the future performance, liquidity and financial position of the Company and Riot, and uncertainties as to timing of the Special Meeting or the outcome. For further information concerning these and other risks and uncertainties, refer to (i) the Company’s filings on www.sedarplus.ca (which are also available on the website of the SEC at www.sec.gov), including the MD&A for the year-ended December 31, 2023, filed on March 7, 2024 and the MD&A for the three and six months ended June 30, 2024 filed on August 8, 2024, and (ii) Riot’s filings with the SEC, including the risks, uncertainties and other factors discussed under the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” of Riot’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, filed with the SEC on February 23, 2024, and the other filings Riot has made or will make with the SEC after such date, copies of which may be obtained from the SEC’s website at www.sec.gov. Although the Company and Riot have attempted to identify important factors that could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended, including factors that are currently unknown to or deemed immaterial by the Company. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on any forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.

    Investor Relations Contacts:

    For Bitfarms:

    Bitfarms
    Tracy Krumme
    SVP, Head of IR & Corp. Comms.
    +1 786-671-5638
    tkrumme@bitfarms.com

    Innisfree M&A Incorporated
    Gabrielle Wolf / Scott Winter
    +1 212-750-5833

    Laurel Hill Advisory Group
    1-877-452-7184
    +1 416-304-0211
    assistance@laurelhill.com

    For Riot:

    Phil McPherson
    303-794-2000 ext. 110
    IR@Riot.Inc

    Media Contacts:

    For Bitfarms:

    U.S.: Joele Frank, Wilkinson Brimmer Katcher
    Dan Katcher or Joseph Sala
    +1 212-355-4449

    Québec: Tact
    Louis-Martin Leclerc
    +1 418-693-2425
    lmleclerc@tactconseil.ca

    For Riot:

    Longacre Square Partners
    Joe Germani / Dan Zacchei
    jgermani@longacresquare.com / dzacchei@longacresquare.com

    The MIL Network –

  • MIL-OSI: Johnson C. Smith University Selects Enterprise Networking Innovator Nile to Power its Campus-Wide Network

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., Sept. 23, 2024 (GLOBE NEWSWIRE) — Nile, the pioneer of a new breed of enterprise network solutions aimed at securing organizations from cyberattacks and automating daily operations, today announced that Johnson C. Smith University (JCSU), a leading Historically Black College and University (HBCU), has selected the Nile Access Service to replace its existing wired and wireless LAN solution across its entire campus. The institution selected Nile’s solution due to its unique performance guarantees for availability, coverage, and capacity, its AI-powered “as-a-Service” architecture that automates network lifecycle management, and its native campus zero trust security that prevents lateral movement attacks such as ransomware.

    “Our number one goal in IT is to deliver a satisfying experience for our student body. That means handling their needs for high-performance connectivity, but also ensuring they’re secure as well,’” said John Norris, CIO, JCSU. “As we considered a refresh, I knew I needed a partner as much as a new solution. I have an amazing staff, but considering everything we had to deliver in implementing a new network, including security, performance, and reliability, whatever we selected had to augment my current resources, not create new demands. Nile nailed it on all fronts.”

    Located in Charlotte, North Carolina, JCSU is a premier professional liberal arts HBCU with thousands of students and faculty that require reliable, secure, and high-performance connectivity. Its existing hardware-centric managed wireless network had aged significantly, and its vendors were no longer providing support despite their unpredictably high licensing costs. A potential increase from 5% to 30% in those costs, often without notice, was cause for concern, along with making budgeting a challenge. Additionally, students and faculty were both very vocal about the network’s poor performance. On top of these issues, the previous solution had no modern security component, something critical to the overall health and safety of the student body and the university network.

    JSCU quickly turned to Nile to address all of these demands. Nile delivered high-performance, secure wired and wireless LAN connectivity across the entire campus, including student, faculty, and administrative buildings, as well as outdoor campus settings.

    • Performance Guarantees – Prior to Nile, JCSU’s students regularly complained about the network’s performance, particularly for high-demand applications like gaming. With an on-campus eSports league, performance quickly became a top priority for ensuring student satisfaction. What’s more, faculty regularly expressed concerns about students’ ability to deliver work assignments. Thanks to Nile’s industry-first performance guarantees for availability, coverage, and capacity, Nile was the only vendor to ensure high-performance connectivity for the entire campus.
    • Built-in Campus Zero Trust Security—Nile is the only vendor to offer per-device isolation and the elimination of lateral movement attacks, such as ransomware, from Day 1, with no configuration or professional services required. This capability was critical with the number of services that JCSU offers, both on-premises and in the cloud.
    • Network Observability and Management Automation – Augmenting JCSU’s existing IT staff and providing 24/7 visibility into the system’s overall health was essential in selecting Nile for its network refresh. Nile’s extensive sensor network and AI-based automation doesn’t just identify problems; it proactively solves many of them without human intervention, all while providing IT leadership with granular insight into the network’s overall health.
    • Nile’s “as-a-Service” Model and overall TCO – With a predictable payment model, instead of massive upfront costs for a hardware-centric network architecture, JSCU’s team was more easily able to get the budget for this project approved. This also meant that IT no longer had to worry about unpredictable licensing costs or the next hardware upgrade/refresh cycle. All of those costs are included in their subscription fee. That’s why Nile delivers the industry’s best Total-Cost-of-Ownership (TCO).

    “The predictability, reliability, and security of the Nile Access Service make it ideal for higher education settings,” said Surbhi Kaul, Nile’s vice president, Customer Experience. “These organizations are often challenged by budget, availability of certain IT skills, and resource management issues, but still need to deliver a solid foundation of connectivity for students, faculty, and administration alike. At Nile, we’re proud to make that possible for historical campuses like JCSU.”

    About the Nile Access Service

    The Nile Access Service is powered by a new approach for securing enterprise networks that combines built-in zero trust security for the campus, cloud native software delivery, AI, and automation with a high-performance wired and wireless LAN in an “as-a-Service” offering. The Nile Access Service was built from the ground up to prevent lateral movement cyber attacks while completely automating the network lifecycle management process. This complete service offering is a comprehensive package including hardware and software components, 24/7 support, and zero upfront capital expense, all of which are backed by the industry’s only performance guarantees for availability, coverage, and capacity.

    To learn more about the Nile Access Service, visit https://nilesecure.com/solutions/nile-access-service

    About Nile

    Nile is disrupting the enterprise network market by building natively secure connectivity that modernizes IT operations with a new AI networking architecture, delivering enterprise networks entirely as a service. For the first time in the industry, the Nile Access Service integrates zero trust security and offers performance guarantees for connectivity, coverage, and availability. With Nile, IT organizations close the gap between their digital aspirations and legacy realities with superior connectivity that reduces the burden on critical IT resources. For more information, visit nilesecure.com/solutions/nile-access-service.

    Media Contacts:
    Nichols Communications for Nile
    Jay Nichols
    +1 408-772-1551
    jay@nicholscomm.com

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes Maquia Capital Acquisition Corp to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Maquia Capital Acquisition Corp (OTCQX: MAQC), a special purpose acquisition company (SPAC), has qualified to trade on the OTCQX® Best Market. Maquia Capital Acquisition Corp previously traded on NASDAQ.

    Maquia Capital Acquisition Corp begins trading today on OTCQX under the symbol “MAQC.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Trading on the OTCQX Market offers companies efficient, cost-effective access to the U.S. capital markets. Streamlined market requirements for OTCQX are designed to help companies lower the cost and complexity of being publicly traded, while providing transparent trading for their investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

    About Maquia Capital Acquisition Corp
    Maquia Capital Acquisition Corporation is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company is led by Chief Executive Officer, Jeff Ransdell, Chief Financial Officer, Jeronimo Peralta, Chief Operating Officer, Guillermo Cruz, and Chief Investment Officer, Maggie Vo. 

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.

    Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

    To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

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

    The MIL Network –

  • MIL-OSI: LVT Releases API To Bring Video Security Intelligence To Any Software Ecosystem

    Source: GlobeNewswire (MIL-OSI)

    ORLANDO, Fla., Sept. 23, 2024 (GLOBE NEWSWIRE) — (GSX, Booth #1815) — LVT (LiveView Technologies, Inc.), the leader of customizable mobile security solutions, today released its new application programming interface (API) that allows security teams to integrate LVT Unit video security insights with any existing security platform. The API allows integrations with in-house systems, leading to a single pane of glass for security operations center (SOC) operators to take control of situations rapidly utilizing LVT’s physical security platform from their preferred software environment.

    “LVT provides a stellar end-to-end solution for managing our mobile security solutions, but we know customers also have other software within their security ecosystem. Our open integration platform empowers teams to access our video intelligence in any environment they prefer,” said Steve Lindsey, LVT CTO. “Customers can now choose between the LVT video management software, our integrations with partners like Immix and Fusus by Axon, or our API to access the security insights they need to maximize safety and control.”

    The API provides customers with more ways to access LVT’s intelligence, including recently announced integrations with Immix, and Fusus by Axon, along with additional partnerships coming in the future. LVT’s new API also integrates well with proprietary software developed in-house for video and alert management, providing support for customers’ customized solutions.

    LVT’s API allows SOC operators to monitor and access situations from a single dashboard:

    • Two-way integration with control of all deterrence capabilities such as strobe lights, floodlights, pre-recorded sounds, and live speaker talk-down
    • Other features include video streaming, alert generation, and camera control, including pan/tilt/zoom, streaming, talk down, and general camera management.

    As the security market continues to value open platforms that enable customers to build their strategy across multiple vendors, LVT’s open platform solution leads the way with a diverse set of leading camera partners, edge intelligence and analytics partners, and cloud software partners.

    Please email integrations@LVT.com for all API integration requests and questions.

    Visit LVT at GSX Booth #1815, and learn more at www.lvt.com.

    About LVT
    LVT (LiveView Technologies, Inc.) is a leader in life safety and security and the premier developer and manufacturer of mobile, solar powered and cellular-connected surveillance solutions and software. Headquartered in American Fork, UT, LVT’s enterprise software-as-a-service (SaaS) solution is used by retailers, critical infrastructure and utilities, construction projects, warehouse and distribution centers, and more. LVT is proud to be made in the USA and manufactured in Utah. For more information, visit www.lvt.com.

    Media Contacts:
    Matthew Deighton
    LiveView Technologies
    media@lvt.com

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes Armanino Foods of Distinction, Inc. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Armanino Foods of Distinction, Inc. (OTCQX: AMNF), an international food manufacturer, has qualified to trade on the OTCQX® Best Market. Armanino Foods of Distinction, Inc. upgraded to OTCQX from the Pink® market.

    Armanino Foods of Distinction, Inc. begins trading today on OTCQX under the symbol “AMNF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    The OTCQX Market provides investors with a premium U.S. public market to research and trade the shares of investor-focused companies. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. 

    Douglas R. Nichols, Chairman of the Board stated, “We are excited to elevate our company stock to the OTCQX tier that demonstrates our confidence in our financial strength and ability to continue to deliver strong shareholder value.  Our hope is that this upgrade will broaden the awareness of our company’s unique and leading position in the food sector, and provide greater opportunities for investors to participate in our success. This elevation also demonstrates the board’s commitment to enhance our corporate government practices.”

    About Armanino Foods of Distinction, Inc.
    Armanino Foods of Distinction, Inc. is an international food company that manufactures and markets frozen Italian specialty food items such as pestos, sauces and filled pastas to the foodservice, retail, and industrial markets. In addition to a classic Basil Pesto Armanino offers other flavors such as Cilantro, Dried Tomato & Garlic, Roasted Red Bell Pepper, Southwest Chipotle, Artichoke, Roasted Garlic, Chimichurri, Harissa, Bolognese and Alfredo sauce. Armanino’s organic line includes classic Basil Pesto. Armanino Foods also offers cheese shakers, frozen pastas, meatballs, and prepared meals.

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.

    Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

    To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

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

    The MIL Network –

  • MIL-OSI: AGF Investments Announces September 2024 Cash Distributions for Certain AGF ETFs and ETF Series

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Sept. 23, 2024 (GLOBE NEWSWIRE) — AGF Investments Inc. (AGF Investments) (TSX:AGF.B) today announced the September 2024 cash distributions for AGF Enhanced U.S. Equity Income Fund*, AGF Total Return Bond Fund* and AGF Systematic Global Infrastructure ETF, which pay monthly distributions, as well as AGF Global Sustainable Growth Equity ETF and AGF Systematic Global Multi-Sector Bond ETF, which pay quarterly distributions. Unitholders of record on September 30, 2024 will receive cash distributions payable on October 4, 2024.

    Details regarding the final “per unit” distribution amounts are as follows:

    ETF Ticker Exchange Cash Distribution Per Unit ($)
    AGF Enhanced U.S. Equity Income Fund* AENU Cboe Canada Inc. $ 0.136000
    AGF Total Return Bond Fund* ATRB Cboe Canada Inc. $ 0.108000
    AGF Systematic Global Infrastructure ETF QIF Cboe Canada Inc. $ 0.134910
    AGF Global Sustainable Growth Equity ETF AGSG Cboe Canada Inc. $ 0.016000
    AGF Systematic Global Multi-Sector Bond ETF QGB Cboe Canada Inc. $ 0.199000
             

    *AGF Enhanced U.S. Equity Income Fund and AGF Total Return Bond Fund are mutual funds with an ETF series option.

    Further information about the AGF ETFs can be found at AGF.com.

    About AGF Management Limited

    Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

    AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

    Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With nearly $50 billion in total assets under management and fee-earning assets, AGF serves more than 800,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

    About AGF Investments

    AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). The term AGF Investments may refer to one or more of these subsidiaries or to all of them jointly. This term is used for convenience and does not precisely describe any of the separate companies, each of which manages its own affairs.

    AGF Investments entities only provide investment advisory services or offers investment funds in the jurisdiction where such firm and/or product is registered or authorized to provide such services.

    AGF Investments Inc. is a wholly-owned subsidiary of AGF Management Limited and conducts the management and advisory of mutual funds in Canada.

    This information is not intended to provide legal, accounting, tax, investment, financial, or other advice, and should not be relied upon for providing such advice. Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated.

    Media Contact

    Amanda Marchment
    Director, Corporate Communications
    416-865-4160
    amanda.marchment@agf.com  

    The MIL Network –

  • MIL-OSI: Outbrain announces repurchase of remaining 2.95% Convertible Senior Notes due 2026

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 23, 2024 (GLOBE NEWSWIRE) — Outbrain Inc. (NASDAQ: OB), a leading technology platform that drives business results by engaging people across the Open Internet, announced today that it has repurchased all of the remaining $118 million in aggregate principal amount of the 2.95% Convertible Senior Notes due 2026 (the “Convertible Notes”) via a privately negotiated repurchase agreement with Baupost Group Securities, L.L.C., the sole holder of the Convertible Notes. The Company paid, including accrued interest, $109.7 million in cash representing a discount to par value of approximately 7.5%. As a result, Outbrain will record a pre-tax gain of approximately $8.8 million in the third quarter of 2024.

    Following the closing of the transaction, Outbrain has repurchased the entire principal balance of $236 million of the Convertible Notes, with no remaining debt on the balance sheet and approximately $128 million of cash, cash equivalents and investments in marketable securities, when adjusting the balance as of August 31, 2024 for the repayment. Outbrain repurchased the initial $118 million principal amount of the Convertible Notes in April 2023.

    “Our ability to generate cash and our strong balance sheet has enabled the opportunistic repurchase of the remaining balance of Convertible Notes, which is also in anticipation of the expected closing of the Teads acquisition. We believe this transaction strengthens our balance sheet, increasing our net cash balance as we maintain ample liquidity to support our future growth,” said Jason Kiviat, Outbrain’s CFO.

    This press release does not constitute an offer to sell or a solicitation to buy any of the Convertible Notes described herein or any securities of the Company, nor shall there be any offer, solicitation, or sale of the Convertible Notes or any securities of the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements may include, without limitation, statements generally relating to possible or assumed future results of our business, financial condition, results of operations, liquidity, plans and objectives and statements relating to the transaction to acquire Teads (“Transaction”). You can generally identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “guidance,” “outlook,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “foresee,” “potential” or “continue” or the negative of these terms or other similar expressions that concern our expectations, strategy, plans or intentions or are not statements of historical fact. We have based these forward-looking statements largely on our expectations and projections regarding future events and trends that we believe may affect our business, financial condition, and results of operations. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors including, but not limited to: overall advertising demand and traffic generated by our media partners; factors that affect advertising demand and spending, such as the continuation or worsening of unfavorable economic or business conditions or downturns, instability or volatility in financial markets, and other events or factors outside of our control, such as U.S. and global recession concerns, geopolitical concerns, including the ongoing war between Ukraine-Russia and conditions in Israel, supply chain issues, inflationary pressures, labor market volatility, bank closures or disruptions, and the impact of challenging economic conditions, political and policy uncertainties with the approach of the U.S. presidential election, and other factors that have and may further impact advertisers’ ability to pay; our ability to continue to innovate, and adoption by our advertisers and media partners of our expanding solutions; the success of our sales and marketing investments, which may require significant investments and may involve long sales cycles; our ability to grow our business and manage growth effectively; our ability to compete effectively against current and future competitors; the loss or decline of one or more of our large media partners, and our ability to expand our advertiser and media partner relationships; conditions in Israel, including the ongoing war between Israel and Hamas and other terrorist organizations, may limit our ability to market, support and innovate on our products due to the impact on our employees as well as our advertisers and their advertising markets, our ability to maintain our revenues or profitability despite quarterly fluctuations in our results, whether due to seasonality, large cyclical events, or other causes; the risk that our research and development efforts may not meet the demands of a rapidly evolving technology market; any failure of our recommendation engine to accurately predict attention or engagement, any deterioration in the quality of our recommendations or failure to present interesting content to users or other factors which may cause us to experience a decline in user engagement or loss of media partners; limits on our ability to collect, use and disclose data to deliver advertisements; our ability to extend our reach into evolving digital media platforms; our ability to maintain and scale our technology platform; our ability to meet demands on our infrastructure and resources due to future growth or otherwise; our failure or the failure of third parties to protect our sites, networks and systems against security breaches, or otherwise to protect the confidential information of us or our partners; outages or disruptions that impact us or our service providers, resulting from cyber incidents, or failures or loss of our infrastructure; significant fluctuations in currency exchange rates; political and regulatory risks in the various markets in which we operate; the challenges of compliance with differing and changing regulatory requirements; the timing and execution of any cost-saving measures and the impact on our business or strategy; our ability and the time required to consummate the Transaction; our ability to successfully integrate Teads’s operations, technologies and employees and to recognize the anticipated benefits and synergies of the Transaction, including the expectation of enhancements to our services, greater revenue or growth opportunities, operating efficiencies and cost savings; the potential impact of the announcement or pendency of the Transaction on ongoing business operations and relationships, including our ability to maintain relationships with employees, customers, suppliers and others with whom we do business; the amount of costs, fees, expenses and charges relating to the Transaction; the initiation or outcome of any legal proceedings that may be instituted following the announcement of the Transaction; and the risks described in the section entitled “Risk Factors” and elsewhere in the Annual Report on Form 10-K filed for the year ended December 31, 2023 and in subsequent reports filed with the SEC. Accordingly, you should not rely upon forward-looking statements as an indication of future performance. We cannot assure you that the results, events and circumstances reflected in the forward-looking statements will be achieved or will occur, and actual results, events, or circumstances could differ materially from those projected in the forward-looking statements. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. We undertake no obligation and do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or circumstances after the date on which the statements are made or to reflect the occurrence of unanticipated events or otherwise, except as required by law.

    About Outbrain

    Outbrain (Nasdaq: OB) is a leading technology platform that drives business results by engaging people across the Open Internet. Outbrain predicts moments of engagement to drive measurable outcomes for advertisers and publishers using AI and machine learning across more than 8,000 online properties globally. Founded in 2006, Outbrain is headquartered in New York with offices in Israel and across the United States, Europe, Asia-Pacific, and South America.

    For more information, visit https://www.outbrain.com.

    Media Contact

    press@outbrain.com

    Investor Relations Contact

    IR@outbrain.com

    (332) 205-8999

    The MIL Network –

  • MIL-OSI: Vancity Investment Management Report Highlights Significant Gains in Shareholder Advocacy

    Source: GlobeNewswire (MIL-OSI)

    TERRITORIES OF MUSQUEAM, SQUAMISH AND TSLEIL-WAUTUTH NATIONS / VANCOUVER, British Columbia, Sept. 23, 2024 (GLOBE NEWSWIRE) — Vancity Investment Management, a Canadian leader in socially responsible investing, issued its annual Shareholder Engagement Report today highlighting a year of shareholder advocacy.

    Vancity Investment Management’s commitment to shareholder engagement is grounded in the belief that investors hold the power to drive companies towards a more equitable and sustainable future—a belief that is underscored by the successes detailed in this year’s report. When investing on behalf of clients, Vancity Investment Management assumes an active role rather than merely observing. By leveraging its influence as a responsible shareholder, Vancity Investment Management ensures that the companies within its portfolio not only align with its clients’ values and objectives but also take significant actions to address their broader societal and environmental impacts.

    Vancity Investment Management’s engagement efforts encompass a wide array of areas, including climate, energy, governance, and labour practices. Over the past year, the company has been highly proactive, notably encouraging Starbucks® to commit to comprehensive reporting on biodiversity risks and impacts within its coffee supply chain and successfully advocating for enhanced climate reporting among major Canadian banks.

    “Investing in a company comes with responsibility,” said Wellington Holbrook, President and CEO of Vancity Group. “As shareholders, we can use our influence to promote positive societal and environmental impacts alongside financial returns. By engaging with the companies we recommend, we drive meaningful improvements that contribute to a more equitable economy and create sustainable, long-term value.”

    Snapshot of shareholder engagement in 2024:

    Starbucks: Vancity Investment Management challenged the supply chain sustainability practices of the world’s largest coffeehouse chain, Starbucks, noting that the Arabica coffee bean is considered a biodiversity risk and climate sensitive species. Starbucks has since committed to publicly report on its Arabica coffee bean supply chain in accordance with the Taskforce on Nature-related Financial Disclosures (TNFD) framework. More details here.

    RBC, TD and Scotiabank: Vancity Investment Management submitted shareholder proposals to these Canadian banks to press for improved climate risk management and disclosure in line with their commitments as signatories to the Net Zero Banking Alliance (NZBA). As a result of our engagement, Scotiabank committed to disclose its framework for assessing clients’ climate transition plans. Both RBC and Scotiabank committed to disclose portfolio-level client performance against these frameworks. In recognition of these commitments, the proposals were withdrawn. More details here.

    CN Rail and Canadian Pacific Kansas City (formerly CP): In support of employee and public safety, Vancity Investment Management engaged with both rail companies to encourage negotiation for paid sick leave policies with all unions that represent their American workforce. CN Rail and CPKC have come to paid sick leave agreements with select unions, and Vancity Investment Management continues to press for additional progress. More details here.

    “The choices businesses make have a huge influence on people’s lives,” said Kelly Hirsch, Vancity Investment Management’s Head of ESG. “When we invest for our clients, we don’t merely watch from afar; we actively engage with companies to enhance their practices, advocate for responsible environmental stewardship, and ensure social responsibility,” added Kelly.

    Vancity Investment Management continues to lead the way in working to create an inclusive economy in Canada, putting people and the planet at the centre of its engagement work.

    To learn more about how Vancity Investment Management focuses on investments that deliver competitive returns while making a positive impact, read the full Shareholder Engagement Report.

    About Vancity Investment Management

    Vancity Investment Management provides management services to individuals, foundations and institutions across Canada that wish to generate wealth through sustainable, profitable and responsible investments. Established in 1995, it was one of the first wealth management firms in Canada to provide investments that deliver competitive returns while making a positive impact on the world. Vancity Investment Management is part of the Vancity Group that includes Vancity, a values-based financial co-operative serving the needs of its more than 560,000 member owners and their communities. With $34 billion in assets, plus assets under administration, Vancity is Canada’s largest community credit union. Vancity Investment Management and Vancity operate primarily within the territories of the Coast Salish and Kwakwaka’wakw people in British Columbia.

    Media Relations

    mediarelations@vancity.com
    T: 778-837-0394

    The MIL Network –

  • MIL-OSI: IDEX Biometrics extraordinary general meeting held on 23 Sep 2024

    Source: GlobeNewswire (MIL-OSI)

    IDEX Biometrics ASA held an extraordinary general meeting on 23 September 2024. 87.2 million shares or 25.7% of the share capital was represented at the meeting.

    The authorisation to the board to issue new shares, was approved by the extraordinary general meeting. The board will apply this authorization to issue the Tranche 1 Shares as disclosed in connection with the private placement on 16 September 2024: https://newsweb.oslobors.no/message/627919 .

    For the avoidance of doubt, the issue of Tranche 2 Shares and the Subsequent Offering will be presented to the extraordinary general meeting on 9 October 2024; https://newsweb.oslobors.no/message/627919 .

    For further information contact:
    Marianne Bøe, Head of investor relations
    E-mail: marianne.boe@idexbiometrics.com
    Tel: +47 918 00186

    About IDEX Biometrics
    IDEX Biometrics ASA (OSE: IDEX) is a global technology leader in fingerprint biometrics, offering authentication solutions across payments, access control, and digital identity. Our solutions bring convenience, security, peace of mind and seamless user experiences to the world. Built on patented and proprietary sensor technologies, integrated circuit designs, and software, our biometric solutions target card-based applications for payments and digital authentication. As an industry-enabler we partner with leading card manufacturers and technology companies to bring our solutions to market.

    For more information, visit www.idexbiometrics.com

    About this notice
    This notice was issued by Erling Svela, Vice president of finance, on 23 June 2024 at 13:35 CET on behalf of IDEX Biometrics ASA. This information is subject to disclosure pursuant to Euronext Oslo Børs rule book, and also section 5‑8 of the Norwegian Securities Trading Act (STA) and published in accordance with section 5‑12 of the STA.

    The MIL Network –

  • MIL-OSI: Stardust Power Welcomes Paramita Das as Chief Strategy Officer and Senior Advisor to Chief Executive

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., Sept. 23, 2024 (GLOBE NEWSWIRE) — Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”), an American developer of battery-grade lithium products, today announced that Paramita Das will join as Chief Strategy Officer and Senior Advisor. She will directly advise the Company’s Chief Executive Officer and Founder, Roshan Pujari.

    With a 20-plus year career of increasing leadership roles and responsibilities at some of the world’s largest metals and minerals companies, Ms. Das has agreed to serve as Stardust Power’s lead external adviser, supporting the Company’s next phase of commercialization and development.

    “We are ecstatic to be working with Paramita given her stature and global leadership experience in the metals and mining sector, as we continue to advance our battery-grade lithium refinery in Oklahoma,” said Roshan Pujari. “Paramita shares our vision of reshoring lithium processing and production to support U.S. energy independence. I look forward to working closely with her to ensure Stardust Power remains at the forefront of operational supply chain and sustainability practices.”

    Ms. Das has over 20 years of experience working with and serving on the boards of global companies, and brings deep expertise in leading teams of commercial, business development and technical professionals. Previously, she spent over 8 years at Rio Tinto, the world’s second largest metals and mining corporation, most recently serving as the Global Head of Marketing, Development and ESG, Metals and Minerals for various Rio Tinto Corporate listed entities. She also had lead roles in commercialization by transforming business segments into highly profitable divisions. Previously, she served as Chief Strategy Officer for Operating Consortium of Sumitomo Corporation, Itochu Corporation, UACJ Consortium and Head of Strategic Planning & Performance at BP’s business unit. She currently serves on the Board of Directors of Genco Shipping & Trading Limited, and Coeur Mining, Inc.  

    “I am thrilled to join the exceptional team at Stardust Power as Chief Strategy Officer and Senior Advisor,” said Ms. Das. “As an emerging growth company, Stardust Power offers a unique opportunity to establish a leading U.S. lithium refinery from the ground up. This role allows me to leverage my expertise in commodities and mining while addressing crucial aspects like electrification and supply chain security. I am eager to contribute to creating a robust ESG framework for how we communicate, operate, and report to stakeholders. I look forward to supporting Roshan and the entire Stardust Power team in this exciting and impactful mission.”

    About Stardust Power Inc.

    Stardust Power is a developer of battery-grade lithium products designed to supply the electric vehicle (EV) industry and bolster America’s energy leadership by building resilient supply chains. Stardust Power is developing a strategically central lithium refinery in Muskogee, Oklahoma with the anticipated capacity of producing up to 50,000 metric tons per annum of battery-grade lithium. The company is committed to sustainability at each point in the process. Stardust Power trades on the Nasdaq under the ticker symbol “SDST.”

    For more information, visit www.stardust-power.com

    Stardust Power Contacts

    For Investors:
    Johanna Gonzalez 
    investor.relations@stardust-power.com

    For Media:
    Michael Thompson 
    media@stardust-power.com

    Cautionary Note Regarding Forward-Looking Statements

    Certain statements in this press release constitute “forward-looking statements.” Such forward-looking statements are often identified by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “forecasted,” “projected,” “potential,” “seem,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or otherwise indicate statements that are not of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements and factors that may cause actual results to differ materially from current expectations include, but are not limited to: the ability of Stardust Power to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of Stardust Power to grow and manage growth profitably, maintain key relationships and retain its management and key employees; risks related to the uncertainty of the projected financial information with respect to Stardust Power; risks related to the price of Stardust Power’s securities, including volatility resulting from changes in the competitive and highly regulated industries in which Stardust Power plans to operate, variations in performance across competitors, changes in laws and regulations affecting Stardust Power’s business and changes in the combined capital structure; and risks related to the ability to implement business plans, forecasts, and other expectations and identify and realize additional opportunities. The foregoing list of factors is not exhaustive.

    Stockholders and prospective investors should carefully consider the foregoing factors and the other risks and uncertainties described in documents filed by Stardust Power from time to time with the SEC.

    Stockholders and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which only speak as of the date made, are not a guarantee of future performance and are subject to a number of uncertainties, risks, assumptions and other factors, many of which are outside the control of Stardust Power. Stardust Power expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations of Stardust Power with respect thereto or any change in events, conditions or circumstances on which any statement is based.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/924a57ab-c2fd-470b-8f4a-3d5748996048

    The MIL Network –

  • MIL-OSI: Heritage Holding Closes Inaugural Fund with Support from Institutional Capital

    Source: GlobeNewswire (MIL-OSI)

    Fundraising Target Met in Four Months with $220 Million in Committed Capital

    Strong Interest from Institutional, High-Net-Worth and Existing Investors

    BOSTON, Sept. 23, 2024 (GLOBE NEWSWIRE) — Heritage Holding (“Heritage” or “the Company”), a Boston-based private equity firm focused on advancing its successful record of partnering with small business owners and founders, today announced the successful close of its first, institutionally-backed Fund I (the “Fund”) with total committed capital of $220 million. The fundraise was completed in four months and was oversubscribed with commitments from leading institutional investors, high-net-worth individuals and existing investors.

    Heritage was founded in 2015 by Harvard Business School classmates and former co-CEOs of Maicom, Alex de Pfyffer and Ross Porter. Since inception, the Company has established itself as a leader in acquiring and growing small businesses across the services sector, working closely with owners and founders through operational improvements and M&A to build their companies into industry leaders. The Company’s dedicated investment team is highly experienced in sourcing acquisitions and strives to unlock overlooked opportunities in the small business world. Heritage’s history and forward ambition is to partner with successful business owners in providing private equity capital for M&A and sales growth, software implementation and, when desirable, enabling sellers to transition out of their companies over time.

    “Our goal is to focus on five platforms in industries that are on our shortlist and to scale those platforms quickly,” said Ross Porter, Heritage Holding Co-Founder. “Operational bandwidth and focused resources for growth are scarce in the small business ecosystem, which gives Heritage a unique opportunity to identify attractive founder led businesses across a variety of critical industries and build high performing and sustainable companies that can drive attractive outcomes for all stakeholders.”

    “Ross and I are extremely proud of the firm we have built, and we are grateful for the continued support of our investors, advisors and for the hard work of the HH team,” said Alex de Pfyffer, Heritage Holding Co-Founder. “With strong support from a world-class team of investors, the closing of this fund allows us to continue partnering with small business owners, founders and entrepreneurs to successfully grow their businesses and build leading platforms to better serve customers.”

    Small businesses often face unique operational challenges. The Heritage team recognizes and supports these challenges by taking on essential operations roles in the businesses in which the Company invests. In addition to Heritage’s strong operational involvement, the firm differentiates its value creation strategy by enhancing systems and software, focusing on driving new sales growth and enabling rapid and sustainable scaling through mergers and acquisitions.

    “Heritage did what they said they were going to do, they took care of my team, they tripled my business in size, expanded to the West Coast, and we opened a new successful operation in Canada. They are skilled executives and business operators, but above all they are trustworthy and honest good people,” said Paul Maiuri, former owner of Maicom.

    Heritage invests across the business services, healthcare, technology, telecom & IT services, industrial services and special situations industries. Since its founding, Heritage has completed over 25 acquisitions across eight platform companies.

    About Heritage Holding

    Heritage Holding is a micro-cap private equity firm that partners with small business owners and founders to build great companies by driving growth, increasing scale, diversifying service offerings and expanding businesses’ geographic footprints. Founded in 2015 by Harvard Business School classmates and former co-CEOs of Maicom, Alex de Pfyffer and Ross Porter, the firm targets companies across the business services, healthcare, technology, telecom & IT services, industrials and special situations industries where it feels it can add value through its operational expertise.

    Since inception, Heritage has completed 25 acquisitions across eight platform investments and has an investment team of over 12 individuals.

    Heritage is headquartered in Boston, MA and has offices in New York, NY and Raleigh, NC. For more information, please visit www.heritage-holding.com.

    Contact

    Dan Gagnier
    Gagnier Communications
    HeritageHolding@gagnierfc.com

    The MIL Network –

  • MIL-OSI: Brookfield Global Infrastructure Securities Income Fund Announces Quarterly Distribution

    Source: GlobeNewswire (MIL-OSI)

    BROOKFIELD, NEWS, Sept. 23, 2024 (GLOBE NEWSWIRE) — Brookfield Global Infrastructure Securities Income Fund (the “Fund”) (TSX: BGI.UN) today announced a distribution of C$0.15 per unit for the quarter ending September 30, 2024. The distribution will be paid on or before October 15, 2024 to holders of record on September 30, 2024.

    Eligible holders of the Units (“Unitholders”) may participate in the Fund’s Dividend Reinvestment Plan (“DRIP”), where they may elect to automatically reinvest their dividends in additional Units. Details of the DRIP are available on the Fund’s website at https://www.brookfieldoaktree.com/fund/brookfield-global-infrastructure-securities-income-fund. Unitholders who wish to participate in the DRIP should contact their investment advisor for further information and to enroll.

    Brookfield Global Infrastructure Securities Income Fund is managed by Brookfield Public Securities Group LLC (PSG). PSG is registered as an investment fund manager in Ontario, Quebec, Newfoundland and Labrador and as portfolio manager in each of the provinces and territories of Canada. The Fund uses its website as a channel of distribution of material information about the Fund. Financial and other material information regarding the Fund is routinely posted on and accessible at https://www.brookfieldoaktree.com/fund/brookfield-global-infrastructure-securities-income-fund

    Investing involves risk; principal loss is possible. Past performance is not a guarantee of future results.

    Contact information:

    The MIL Network –

  • MIL-OSI: Oma Savings Bank Plc issues an unsecured senior-term bond of EUR 30 million as part of a bond program

    Source: GlobeNewswire (MIL-OSI)

    OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 23 SEPTEMBER 2024 AT 14.55 P.M. EET, OTHER INFORMATION DISCLOSED TO THE RULES OF THE EXCHANGE

    Oma Savings Bank Plc issues an unsecured senior-term bond of EUR 30 million as part of a bond program

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE OFFERING OF THE NEW NOTES, THE TENDER OFFER OR THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

    Oma Savings Bank Plc (“OmaSp” or the “Company”) issues an unsecured senior-term bond of EUR 30 million. The maturity date of the bond is 30 September 2027, and the loan has a floating interest rate. The ISIN code of the bond is FI4000581434.

    The loan will be issued under OmaSp’s EUR 3,000,000,000 bond program. The Finnish Financial Supervisory Authority (FIN-FSA) has approved the base prospectus of Oma Savings Bank on 27 March 2024 and its supplement on 24 May 2024 (“Supplement 1”) and 14 August 2024 (“Supplement 2”). The Supplement documents and the Final terms are available on the Company’s website at https://www.omasp.fi/en/investors.

    OmaSp will apply for admission of the covered bond to public trading on the Nasdaq Helsinki Ltd stock exchange.

    The Joint Lead Managers of the issue are Danske Bank A/S and Landesbank Baden-Württemberg (LBBW). Borenius Attorneys Ltd acts as legal advisor.

    Oma Savings Bank Plc

    Additional information:
    Sarianna Liiri, CEO, tel. +358 40 835 6712, sarianna.liiri@omasp.fi

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

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

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

    The MIL Network –

  • MIL-OSI: Crypto Proprietary Trading Firm HyroTrader Experiences Rapid Growth

    Source: GlobeNewswire (MIL-OSI)

    Prague, Czech Republic, Sept. 23, 2024 (GLOBE NEWSWIRE) — Since the launch of its Minimum Viable Product (MVP), HyroTrader has consistently achieved a 51% month-on-month revenue increase. This accelerated growth underscores the firm’s innovative approach and commitment to supporting experienced crypto traders with the resources they need to thrive. Additionally, HyroTrader is actively developing its own technology trading aggregator with connections to multiple exchanges, allowing traders to link multiple exchange accounts, monitor trading statistics, and access advanced trading tools to enhance their strategies.

    Crypto Prop Firm Focused on Experienced Crypto Traders

    HyroTrader’s primary focus is on empowering experienced crypto traders, offering them the opportunity to trade directly on major platforms such as ByBit. Unlike many competitors who rely on white-label platforms with limited liquidity and manipulated trading conditions, HyroTrader uses third-party exchanges, ensuring transparency and fair trading conditions. Traders can even connect their personal accounts, reinforcing the firm’s commitment to openness and trustworthiness.

    In line with its expansion goals, HyroTrader is preparing to extend its services to Asia and the Middle East. This international growth strategy positions the company to tap into new markets while catering to the diverse needs of global traders.

    Looking forward, HyroTrader aims to support the top 10 crypto trading platforms, a development that will provide a significant competitive edge. This move will enhance liquidity and broaden trading options, distinguishing HyroTrader from competitors.

    Self-Funded and Community-Driven

    HyroTrader’s growth has been entirely self-funded, with no external investors or debt. Despite offers to sell a significant portion of the company, HyroTrader has chosen to remain independent, ensuring the firm is governed by its community of traders rather than outside interests. This trader-focused approach allows HyroTrader to operate with flexibility and autonomy, making decisions in the best interest of its users.

    To further strengthen its community, HyroTrader has launched a range of educational courses designed to help traders develop their skills. The firm is also hosting crypto trading competitions where traders can compete and win prizes, fostering an interactive and competitive learning environment. Moreover, HyroTrader offers an educational mentor program where traders can book consultations with experienced mentors, providing personalized guidance for those looking to refine their strategies.

    Shariah-Compliant Trading for Muslim Traders 

    In a bid to cater to a broader global audience, HyroTrader has introduced a unique trading product for Muslim traders, allowing them to trade on the spot market without leverage. This offering is designed specifically for those who adhere to Shariah law, which prohibits interest (riba), excessive uncertainty (gharar), and gambling (maysir). By removing leverage from trades, HyroTrader ensures compliance with these religious principles, making crypto trading accessible to a previously underserved market segment.

    HyroTrader’s compliance extends to ensuring traders use their own verified accounts from exchanges, adding an extra layer of trust and security for users. The platform operates under full business authorization, allowing it to conduct crypto-related activities legally and transparently.

    What Is HyroTrader?

    HyroTrader operates as an evaluation-based crypto proprietary trading firm. Traders undergo a two-step evaluation process: the first stage requires a 10% gain, followed by a 5% gain in the second stage. Successful traders are granted funded accounts with up to $200,000 in simulated capital.

    Once a trader passes the evaluation, they receive 70-90% of the profits generated from their funded account. HyroTrader’s business model is built on charging an evaluation fee for those seeking to enter the program. The firm also copies successful traders’ strategies via API directly onto crypto exchanges, creating a symbiotic relationship where traders and the company benefit from successful trading.

    A Strong, Experienced Team

    HyroTrader is backed by a highly skilled team of entrepreneurs, crypto traders, and developers, all with extensive experience in building scalable products. Originally launched as a different platform in 2022, the team pivoted to the current HyroTrader model after recognizing the potential for greater market impact in the crypto space. This strategic shift has been key to the firm’s rapid success.

    Inspired by the Success of Forex Prop Trading Firms

    Prop trading firms have gained immense popularity, especially in the forex space, with firms like FTMO achieving significant financial milestones. In 2023, FTMO reported $213 million in revenue, with $100 million in profit. Inspired by this success, HyroTrader has developed a similar platform for crypto traders, offering unique opportunities for those operating in the burgeoning digital asset markets.

    While forex prop trading firms like FTMO are focused on FX, equities, and commodities through CFD (Contract for Difference) brokers, HyroTrader’s model is specifically designed for crypto traders. Rather than trading CFDs, HyroTrader’s users trade futures and spot markets directly on crypto exchanges, providing a more direct and transparent experience.

    About HyroTrader: Positioned for Long-Term Success

    With an estimated 35-50 million active crypto traders globally and only a few competitors, HyroTrader is strategically positioned to become a major player in the crypto prop trading space. The firm’s transparent approach, focus on third-party exchanges, and innovative product offerings—such as Shariah-compliant trading—make it an appealing option for a diverse and growing global trading community.

    As part of its growth strategy, HyroTrader is not only expanding into new regions but is also continuously refining its product offerings to better serve its users. The platform’s comprehensive features, including trading aggregators and statistical tools, position it as a valuable resource for traders aiming for long-term success. As the crypto trading market continues to grow, HyroTrader’s unique value proposition and strong market positioning put it on a path toward long-term success.

    For more information, visit HyroTrader’s website.

    The MIL Network –

  • MIL-OSI: Bybit Türkiye Listed as a Crypto Asset Service Provider by the CMB

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Sept. 23, 2024 (GLOBE NEWSWIRE) — Bybit Türkiye, the partner site of Bybit, has achieved a key milestone by being officially listed as a Crypto Asset Service Provider by the Capital Markets Board (CMB) of Turkey on September 19th, 2024.

    Bybit Türkiye operates under Narkasa Yazılım Ticaret Anonim Şirketi, a locally incorporated entity, ensuring full compliance with CMB regulations. This listing underscores Bybit Türkiye’s dedication to working within Turkey’s regulatory framework while driving innovation and growth in the country’s crypto industry.

    Strengthening its Presence in Türkiye

    Since its partnership with Narkasa in June, Bybit Türkiye has prioritized strategic initiatives aimed at establishing itself as a market leader. The exchange is leveraging its global expertise, advanced technologies, and experienced team to provide Turkish users with a secure and efficient platform tailored to their needs.

    Demonstrating Commitment to the Turkish Market

    Bybit Türkiye has taken several decisive steps to cater to the needs of Turkish crypto users:

    • Early September 2024: Introduced Turkish Lira (TL) trading pairs, allowing users to conveniently buy and sell cryptocurrencies directly with TL.
    • One-Click Buy Feature: Simplified the process of purchasing cryptocurrencies for new users.
    • Ziraat Bank and Vakıfbank Integration: Enabled users to deposit and withdraw TL seamlessly through trusted local banks.

    Bybit Türkiye is dedicated to providing an exceptional user experience, catering to both experienced and new traders. The platform offers advanced trading tools for seasoned users, a user-friendly interface for seamless and convenient trading, and 24/7 localized customer support, ensuring assistance is readily available in Turkish.

    Quote from Kutluhan Akçın, Country Manager of Bybit Türkiye:

    “We are thrilled to be included in the CMB’s list of operating exchanges. This recognition allows us to further solidify our commitment to the Turkish market. By adhering to local regulations, we will provide a secure and localized crypto trading experience for our users. We aim to be a leader and pioneer in the Turkish crypto sector, offering users the unparalleled Bybit experience with the added convenience of Turkish Lira integration and exceptional customer support.”

    About Bybit Türkiye

    In June 2024, Bybit reinforced its commitment to the Turkish crypto market by rebranding Narkasa as Bybit Türkiye. This strategic move underscores our dedication to offering Turkish users a localized and secure crypto trading experience. Operated by Narkasa Yazılım Ticaret Anonim Şirketi, Bybit Türkiye stands as an independent brand, tailored to meet the specific needs of the Turkish market while ensuring the highest standards of service and security.

    Twitter: https://x.com/BybitTurkiye

    Instagram: https://www.instagram.com/bybitturkiye/?hl=en

    Linkedin: https://www.linkedin.com/company/bybit-turkiye/?trk=ppro_cprof&originalSubdomain=tr

    Contact

    Head of PR

    Tony Au

    Bybit

    tony.au@bybit.com

    The MIL Network –

  • MIL-OSI: Provident Bank Welcomes Vivin Varghese As Senior Vice President, Chief Information Security Officer

    Source: GlobeNewswire (MIL-OSI)

    ISELIN, N.J., Sept. 23, 2024 (GLOBE NEWSWIRE) — Provident Bank, a leading New Jersey-based financial institution, is pleased to announce that Vivin Varghese has joined the organization as Senior Vice President, Chief Information Security Officer (CISO).

    Mr. Varghese will play a critical role in providing vision, leadership, oversight, and management of the overall information and cybersecurity policies, procedures, and practices of the organization and its subsidiaries. He will also advise the bank’s Executive Leadership Team and staff on the appropriate administration of information security standards, assisting in developing plans within business units to manage risks effectively by understanding the fundamental aspects of business objectives.

    “I am delighted to welcome Vivin to our team,” said Ravi Vakacherla, Executive Vice President, Chief Digital and Innovation Officer. “He possesses an impressive breadth and depth of experience in Security Engineering, Security Operations, Identity Governance and Assurance (IGA), and Governance Risk and Compliance (GRC) functions,” added Mr. Vakacherla.

    Mr. Varghese has 16 years of experience in the information security space. Most recently, he served as CISO of Customers Bank, with responsibility for digital and physical security, including business continuity, incident response, threat intelligence, and third-party risk. Prior to that, he was the Information Technology Manager at the University of Pennsylvania. 

    Mr. Varghese earned a Bachelor of Science in Business Administration/Management Information Systems from Drexel University. He has been recognized as a 2023 ONCON Top 100 Information Security Professionals and received the InfoSec Skills Development Award.

    About Provident Bank
    Founded in Jersey City in 1839, Provident Bank is the oldest community-focused financial institution based in New Jersey and is the wholly owned subsidiary of Provident Financial Services, Inc. (NYSE:PFS). With assets of $24.07 billion as of June 30, 2024, Provident Bank offers a wide range of customized financial solutions for businesses and consumers with an exceptional customer experience delivered through its convenient network of 140 branches across New Jersey and parts of New York and Pennsylvania, via mobile and online banking, and from its customer contact center. The bank also provides fiduciary and wealth management services through its wholly owned subsidiary, Beacon Trust Company, and insurance services through its wholly owned subsidiary, Provident Protection Plus, Inc. To learn more about Provident Bank, go to www.provident.bank or call our customer contact center at 800.448.7768.

    Media Contact:
    Keith Buscio
    Keith.Buscio@provident.bank

    Vested
    Providentbank@fullyvested.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d5450030-7ea8-40ae-a363-ef0136d19a84

    The MIL Network –

  • MIL-OSI: New Family of Voltage-Controlled Saw Oscillators with Ultra-Low Phase Noise Performance for Radar Applications

    Source: GlobeNewswire (MIL-OSI)

    CHANDLER, Ariz., Sept. 23, 2024 (GLOBE NEWSWIRE) — Mission-critical applications like radar and test and measurement require specialized components with precise frequency control and ultra-low phase noise to enhance signal clarity, stability and overall system performance. To provide the aerospace and defense market with specialized technology for generating precise signals and frequencies, Microchip Technology (Nasdaq: MCHP) today announces its new 101765 family of Voltage-Controlled SAW Oscillators (VCSOs) designed to deliver ultra-low phase noise and operate at 320 MHz and 400 MHz.

    The 101765-320-A VCSO delivers ultra-low phase noise performance of 166 dBc at 10 kHz offset and a 182 dBc floor. Low phase noise is crucial for improving the lower limit of detection in radar and other sensing applications. These devices are optimal for radar and instrumentation systems such as Active Electronically Scanned Array (AESA) that demand high fidelity in critical phase-locked loop timing applications.

    Available in a small form factor, 1 inch × 1 inch hermetic Kovar package, the VCSOs are designed for applications where Size, Weight, Power and Cost (SWaP-C) are important factors. The VCSOs are offered with supply voltages from 4.75–15.75V and a supply current of 111 mA to provide a power-efficient timing solution.

    “Microchip continues to deliver ultra-low phase noise and high-performance timing products at a competitive price point to meet the needs of our customers,” said Leon Gross, corporate vice president of Microchip’s discrete products group. “Customers can choose Microchip for their timing needs and select other components for their application including FPGAs, MPUs, MCUs, RF, power management, security and connectivity.”

    For aerospace and defense customers who require a higher degree of reliability, the 101765 VCSOs are available with MIL-PRF-38534 screening. The screening process is designed to ensure only the highest reliability components are used in critical applications where failure is not an option, such as in military and aerospace systems.

    The 101765 VCSO family is a fresh addition to Microchip’s family of SAW products for aerospace and defense applications, which are designed to offer levels of high reliability for robust and mission-critical environments. They are available in a wide range of package options for ruggedized applications and support a center frequency range from 30 MHz to 2.7 GHz. Additionally, Microchip can address ITAR, EAR, and classified specifications for hardware to meet the customer’s security requirements.

    Development Tools

    The VCSO devices are supported by the 101765-320-A-N-S-TB and 101765-400-B-N-S-TB test boards to enable customers to test the parts during the design phase.

    Pricing and Availability

    The VCSO 101765-320-A and 101765-400-B are available now for purchase. For additional information and to purchase, contact a Microchip sales representative or authorized worldwide distributor.

    Resources

    High-res images available through Flickr or editorial contact (feel free to publish):

    About Microchip Technology:
    Microchip Technology Inc. is a leading provider of smart, connected and secure embedded control and processing solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs which reduce risk while lowering total system cost and time to market. The company’s solutions serve approximately 123,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.

    Note: The Microchip name and logo, the Microchip logo are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. All other trademarks mentioned herein are the property of their respective companies.

    The MIL Network –

  • MIL-OSI: ODYSIGHT.AI RECEIVES REPEAT PURCHASE ORDER FROM NASA FOR ITS COMPREHENSIVE VISUALIZATION SOLUTION, TO SUPPORT ITS HIGH-SPEED AERONAUTICAL FLIGHT TESTING

    Source: GlobeNewswire (MIL-OSI)

    OMER, Israel, Sept. 23, 2024 (GLOBE NEWSWIRE) — Odysight.ai Inc. (OTCQB: ODYS), a pioneer in AI driven Predictive Maintenance (PdM) and Condition-Based Monitoring (CBM), is pleased to announce the receipt of a new purchase order for the Company’s vision-based system by the U.S. National Aeronautics and Space Administration (NASA) to support its high-speed aeronautical flight testing on aerospace vehicles. This repeat order from NASA demonstrates the unique value and quality of Odysight.ai’s innovative solutions.

    Colonel (Res.) Yehu Ofer, CEO of Odysight.ai stated: “This order showcases the trust NASA places in Odysight.ai, and is a strong endorsement of our technology’s effectiveness. We are proud that NASA chose to integrate our solutions to support high-speed aeronautical flight testing and believe this further demonstrates the substantial value we deliver to our customers. We look forward to expanding our partnership with NASA.”

    Inbal Kreiss, board member of Odysight.ai and currently Chief of Innovation at the Systems, Missiles and Space Division of the Israeli Aerospace Industries Ltd. (IAI) and Chairwoman of RAKIA, Israel’s Scientific and Technological Mission to the International Space Station, stated, “It is highly unusual for NASA to select a supplier as a single source for repeated space missions and thus the selection of Odysight.ai’s system by NASA is a clear validation of the exceptional quality of Odysight.ai’s capabilities.”

    Odysight.ai’s visual sensing-based systems provide state-of-the-art solutions, ranging from bespoke cameras to advanced AI algorithms for diagnostics and prognostic health management applications. Odysight.ai’s groundbreaking technology is designed to empower users to autonomously monitor and manage the health of their assets without the need for specialized technicians, providing crucial support for the aerospace sector by enabling Predictive Maintenance (PdM) and Condition Based Monitoring (CBM) of aerial vehicles. This technology enhances sustainment, operational availability and platform safety, offering superior capabilities, including an onboard Health and Usage Monitoring System (HUMS).

    About Odysight.ai

    Odysight.ai is pioneering the Predictive Maintenance (PdM) and Condition Based Monitoring (CBM) markets with its visualization and AI platform. Providing video sensor-based solutions for critical systems in the aviation, transportation, and energy industries, Odysight.ai leverages proven visual technologies and products from the medical industry. Odysight.ai’s unique video-based sensors, embedded software, and AI algorithms are being deployed in hard-to-reach locations and harsh environments across a variety of PdM and CBM use cases. Odysight.ai’s platform allows maintenance and operations teams visibility into areas which are inaccessible under normal operation, or where the operating ambience is not suitable for continuous real-time monitoring. For more information, please visit: https://www.odysight.ai or follow us on Twitter, LinkedIn and YouTube.

    Forward-Looking Statements

    Information set forth in this news release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, but not limited to, statements regarding future collaboration with NASA. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other comparable terminology. Those statements are based on information we have when those statements are made or our management’s current expectation and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward- looking statements. Factors that may affect our results, performance, circumstances or achievements include, but are not limited to the following: (i) market acceptance of our existing and new products, including those that utilize our micro Odysight.ai technology or offer Predictive Maintenance and Condition Based Monitoring applications, (ii) lengthy product delays in key markets, (iii) an inability to secure regulatory approvals for the sale of our products, (iv) intense competition in the medical device and related industries from much larger, multinational companies, (v) product liability claims, product malfunctions and the functionality of Odysight.ai’s solutions under all environmental conditions, (vi) our limited manufacturing capabilities and reliance on third-parties for assistance, (vii) an inability to establish sales, marketing and distribution capabilities to commercialize our products, (viii) an inability to attract and retain qualified personnel, (ix) our efforts obtain and maintain intellectual property protection covering our products, which may not be successful, (x) our reliance on a single customer that accounts for a substantial portion of our revenues, (xi) our reliance on single suppliers for certain product components, including for miniature video sensors which are suitable for our Complementary Metal Oxide Semiconductor technology products, (xii) the fact that we will need to raise additional capital to meet our business requirements in the future and that such capital raising may be costly, dilutive or difficult to obtain, (xiii) the impact of computer system failures, cyberattacks or deficiencies in our cybersecurity, (xiv) the fact that we conduct business in multiple foreign jurisdictions, exposing us to foreign currency exchange rate fluctuations, logistical, global supply chain and communications challenges, burdens and costs of compliance with foreign laws and political and economic instability in each jurisdiction and (xv) political, economic and military instability in Israel, including the impact on our operations of the October 7, 2023 attack by Hamas and other terrorist organizations from the Gaza Strip and Israel’s war against them. These and other important factors discussed in Odysight.ai’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 26, 2024 and our other reports filed with the SEC could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Except as required under applicable securities legislation, Odysight.ai undertakes no obligation to publicly update or revise forward-looking information.

    Company Contact:

    Einav Brenner, CFO
    info@odysight.ai

    Investor Relations Contact:

    Miri Segal
    MS-IR LLC
    msegal@ms-ir.com
    Tel: +1-917-607-8654

    The MIL Network –

  • MIL-OSI: Xunlei Announces Appointment of Two New Directors

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, Sept. 23, 2024 (GLOBE NEWSWIRE) — Xunlei Limited (“Xunlei” or the “Company”) (Nasdaq: XNET), a leading technology company providing distributed cloud services in China, today announced that the board of directors of the Company has appointed Mr. Hui Duan and Mr. Xiaosong Li as members of the board of directors of the Company, effective today.

    Mr. Hui Duan had served as a director of Xunlei from April 2020 to September 2023. He currently serves as the Chief Technology Officer of Beijing Itui Technology Co., Ltd. Prior to that, Mr. Duan founded his own company that provided SaaS tools and services from October 2015 to 2017. From April 2008 to April 2015, Mr. Duan served various management positions at Xunlei including vice president and the chief executive officer of a major subsidiary of Xunlei. Mr. Duan received his EMBA degree from China Europe International Business School in 2015, and bachelor’s degree in computer science from Peking University in 2001.

    Mr. Xiaosong Li has been serving as the Vice President of AGI Business at Xunlei since December 2023. From March 2018 to November 2023, he held the position of technology partner at Beijing Itui Technology Co., Ltd., where he was responsible for leading research and development in the field of artificial intelligence. From March 2008 to March 2018, he gained valuable experience working at Baidu Search Ads (Phoenix Nest), where he progressively advanced his career and ultimately served as the Chief Architect. He obtained a bachelor’s degree in software engineering from Northwestern Polytechnical University in 2005 and a master’s degree in computer system architecture from Chinese Academy of Sciences in 2008.

    Mr. Jinbo Li, Chairman and Chief Executive Officer of Xunlei, stated, “On behalf of the board of directors, I extend our warmest welcome to Hui Duan and Xiaosong Li for joining the Board. We look forward to working closely with them, leveraging their industry expertise and exceptional management experiences, to create value for our shareholders in the future.”

    About Xunlei

    Founded in 2003, Xunlei Limited (Nasdaq: XNET) is a leading technology company providing distributed cloud services in China. Xunlei provides a wide range of products and services across cloud acceleration, shared cloud computing and digital entertainment to deliver an efficient, smart and safe internet experience.

    Safe Harbor Statement

    This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by terminology such as “will,” “expects,” “believes,” “anticipates,” “future,” “intends,” “plans,” “estimates” and similar statements. Among other things, the management’s quotes in this press release, as well as the Company’s strategic, operational and acquisition plans, contain forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry. Forward-looking statements involve inherent risks and uncertainties, including but not limited to: the Company’s ability to continue to innovate and provide attractive products and services to retain and grow its user base; the Company’s ability to keep up with technological developments and users’ changing demands in the internet industry; the Company’s ability to convert its users into subscribers of its premium services; the Company’s ability to deal with existing and potential copyright infringement claims and other related claims; the Company’s ability to react to the governmental actions for its scrutiny of internet content in China and the Company’s ability to compete effectively. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results. Further information regarding risks and uncertainties faced by the Company is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and the Company undertakes no obligation to update any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

    Investor Relations
    Xunlei Limited
    Email: ir@xunlei.com 
    Tel: +86 755 6111 1571
    Website: http://ir.xunlei.com

    The MIL Network –

  • MIL-OSI: QOIBest Debuts Hong Kong Office to Revolutionize Global App Experiences with PWA Solutions

    Source: GlobeNewswire (MIL-OSI)

    Hong Kong, Sept. 23, 2024 (GLOBE NEWSWIRE) — QOIBest, a global leader in Progressive Web Apps (PWA) technology, has enhanced its global service network by opening a new office in Hong Kong. The new location adds to QOIBest’s other continental headquarters in London, providing the firm with new and valuable access to assist businesses, technical directors and product managers in significantly improving mobile user experiences.

    QOIBest’s PWA technology allows web applications to function just like native mobile apps. Its Android solution enables users to access and install apps directly through their internet browser, bypassing Google Play. This makes installing apps easier than ever while also eliminating the need to install through traditional app stores, providing a smooth, app-like experience to users.

    Maximize User Retention with Cutting-Edge PWAs

    At the core of QOIBest’s offering is its innovative PWA technology, designed to maximize user retention. QOIBest’s PWAs offer fast loading times, offline functionality and Chrome-based push notifications to ensure interruption-free user experiences. Built on the Chrome Web App Protocol, the PWAs bypass app store reviews — which in turn minimizes their risk of being delisted. Even after a user installs an app, the PWA-fueled push notifications help retain users by encouraging them to reactivate the app.

    Lower Business Costs Through Cross-Platform Compatibility

    QOIBest’s PWAs also offer cross-platform compatibility, which eliminates the need for separate native apps and reduces costs of both development and maintenance. In bypassing Google Play’s commission fees, QOIBest’s technology helps companies save money and be more flexible in receiving payment from users.

    A Trusted Partner Across Industries

    QOIBest‘s international presence allows it to leverage its PWA expertise and offer its wide variety of services, including platform development, customer engagement, IT support and user retention to a larger global base of users. The firm works primarily in the gaming, social media, in-app advertising (IAA) industries and short drama, but is also growing rapidly into the retail, e-commerce and travel spaces, among others.

    Empowering Clients with Optimized Features

    QOIBest continually enhances its platform to improve client outcomes. Recent updates include Adjust integration for better data tracking, interception tools to boost conversion, and page obfuscation for privacy protection. The dashboard now offers more intuitive data displays, while landing pages and backend management have been optimized for smoother user experiences. Additional features like watermarking and ongoing bug fixes ensure system stability and protection.

    Learn more about QOIBest’s PWA products and solutions by visiting https://qoibest.com/ or following QOIBest’s X page. To schedule a demo or discuss collaboration opportunities, contact the company via Telegram or WhatsApp (+44 7379 704740).

    Attachment

    The MIL Network –

  • MIL-OSI: Major Envoy Medical Investor Glen Taylor Discusses How Apple’s AirPods Pro 2 Hearing Aid Announcement is a Potentially Positive Development for the Company

    Source: GlobeNewswire (MIL-OSI)

    During “The Claman Countdown,” the billionaire investor and entrepreneur noted how hearing aid modes in next-gen wireless earbuds can work with Envoy Medical’s fully implanted hearing devices

    WHITE BEAR LAKE, Minnesota, Sept. 23, 2024 (GLOBE NEWSWIRE) — Envoy Medical®, Inc. (“Envoy Medical”) (Nasdaq: “COCH”), a hearing health company focused on fully implanted hearing systems, today highlights an interview with key investor Glen Taylor on Fox Business News “The Claman Countdown” in which he commented on the news that Apple’s new AirPods Pro 2 can be used as hearing aids.   

    In the interview, Mr. Taylor was asked whether he was worried about Apple entering the hearing technology market, and he discussed how he believed it could be additive to Envoy Medical’s product offering. Mr. Taylor noted that due to Envoy Medical’s fully implanted devices taking in sound through the ear, devices like the AirPods Pro 2 could potentially work in concert with Envoy Medical’s fully implanted devices. Envoy Medical’s hearing devices are not hearing aids, but rather fully implanted hearing devices for a particular subset of hearing loss.

    Envoy Medical CEO, Brent Lucas stated, “Our hearing implants are different from other hearing implants in that ours use the ear to pick up sound. We sometimes refer to it as ‘Nature’s Microphone.’ The device design of our hearing implants allows recipients to use the ears for other things, such as external electronics, earbuds, or even hearing aids. Once the market appreciates why we believe this is going to be a differentiator, we believe it will increase excitement around our fully implanted hearing implants and the flexibility they can provide to certain patients.”

    About the Esteem® Fully Implanted Active Middle Ear Implant (FI-AMEI)

    The Esteem fully implanted active middle ear implant (FI-AMEI) is the only FDA-approved, fully implanted* hearing device for adults diagnosed with moderate to severe sensorineural hearing loss allowing for 24/7 hearing capability using the ear’s natural anatomy. The Esteem FI-AMEI hearing implant is invisible and requires no externally worn components and nothing is placed in the ear canal for it to function. Unlike hearing aids, you never put it on or take it off. You can’t lose it. You don’t clean it. The Esteem FI-AMEI hearing implant offers true 24/7 hearing.

    *Once activated, the external Esteem FI-AMEI Personal Programmer is not required for daily use.

    Important safety information for the Esteem FI-AMEI can be found at: https://www.envoymedical.com/safety-information.

    About the Fully Implanted Acclaim® Cochlear Implant

    We believe the fully implanted Acclaim Cochlear Implant (“Acclaim CI”) will be a first-of-its-kind fully implanted cochlear implant. Envoy Medical’s fully implanted technology includes a sensor designed to leverage the natural anatomy of the ear instead of a microphone to capture sound.

    The Acclaim CI is designed to address severe to profound sensorineural hearing loss that is not adequately addressed by hearing aids. The Acclaim CI is expected to be indicated for adults who have been deemed adequate candidates by a qualified physician.

    The Acclaim Cochlear Implant received the Breakthrough Device Designation from the U.S. Food and Drug Administration (FDA) in 2019. We believe the Acclaim CI was the first hearing-focused device to receive Breakthrough Device Designation.

    CAUTION The fully implanted Acclaim Cochlear Implant is an investigational device. Limited by Federal (or United States) law to investigational use.

    Additional Information and Where to Find It

    Copies of the documents filed by Envoy Medical with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov.

    Forward-Looking Statements

    This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-Looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. Such statements may include, but are not limited to, statements regarding the expectations of Envoy Medical concerning the outlook for its business, productivity, plans and goals for future operational improvements and capital investments; the effect of the ability to use electronic devices with the Acclaim CI; the potential for passage of legislation related to reimbursement for active middle ear hearing devices; the impact that such proposed legislation might have on the hearing health market, reimbursement for the Esteem FI-AMEI device, and the Envoy Medical business, and future market conditions or economic performance, as well as any information concerning possible or assumed future operations of Envoy Medical. The forward-looking statements contained in this press release reflect Envoy Medical’s current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances that may cause its actual results to differ significantly from those expressed in any forward-looking statement. Envoy Medical does not guarantee that the events described will happen as described (or that they will happen at all). These forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to changes in the market price of shares of Envoy Medical’s Class A Common Stock; changes in or removal of Envoy Medical’s shares inclusion in any index; Envoy Medical’s success in retaining or recruiting, or changes required in, its officers, key employees or directors; unpredictability in the medical device industry, the regulatory process to approve medical devices, and the clinical development process of Envoy Medical products; competition in the medical device industry, and the failure to introduce new products and services in a timely manner or at competitive prices to compete successfully against competitors; disruptions in relationships with Envoy Medical’s suppliers, or disruptions in Envoy Medical’s own production capabilities for some of the key components and materials of its products; changes in the need for capital and the availability of financing and capital to fund these needs; changes in interest rates or rates of inflation; legal, regulatory and other proceedings could be costly and time-consuming to defend; changes in applicable laws or regulations, or the application thereof on Envoy Medical; a loss of any of Envoy Medical’s key intellectual property rights or failure to adequately protect intellectual property rights; the effects of catastrophic events, including war, terrorism and other international conflicts; and other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward Looking Statements” in the Annual Report on Form 10-K filed by Envoy Medical on April 1, 2024, and in other reports Envoy Medical files, with the SEC. If any of these risks materialize or Envoy Medical’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. While forward-looking statements reflect Envoy Medical’s good faith beliefs, they are not guarantees of future performance. Envoy Medical disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. You should not place undue reliance on any forward-looking statements, which are based only on information currently available to Envoy Medical. 

    ###

    Investor Contact:
    CORE IR
    516-222-2560
    investorrelations@envoymedical.com

    The MIL Network –

  • MIL-OSI: Arkansas Governor, Local and Community Leaders Congratulate Standard Lithium, Equinor for U.S. Department of Energy Provisional Grant up to US$225 million

    Source: GlobeNewswire (MIL-OSI)

    LEWISVILLE, Ark., Sept. 23, 2024 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“Standard Lithium”) (TSXV:SLI) (NYSE American:SLI), a leading near-commercial lithium development company and Equinor, a global energy leader, is pleased to share that its jointly-owned U.S. subsidiary, SWA Lithium LLC has been selected for up to US$225 million award negotiation from the U.S. Department of Energy (“DOE”). The conditional award, overseen by the DOE’s Office of Manufacturing and Energy Supply Chains, is one of the largest ever awarded to a U.S. critical minerals project and part of the second wave of funding under the Infrastructure Investment and Jobs Act. This DOE funding is aimed at expanding domestic manufacturing of all segments of the battery supply chain and increasing production of critical minerals in the U.S. 

    “Arkansas is proud of its all-of-the-above energy strategy, with a rich production history of oil, natural gas, bromine, and now, lithium,” said Arkansas Governor Sarah Sanders. “Lithium has the potential to supercharge South Arkansas’ economy – and this announcement from Standard Lithium moves us closer to that goal.”

    “Congratulations to SLI and its partners, and what an exciting investment in Arkansas,” said Arkansas Secretary of Energy and Environment, Shane Khoury. “This award helps ensure that Arkansas stays on track to become a world leader in lithium production and promotes lithium extraction in a proven and cleaner manner.”

    “The announcement by Standard Lithium today is exciting news for south Arkansas,” said Arkansas State Senator Matt Stone. “The $225 million grant from the Department of Energy will firmly establish Arkansas as an energy leader and pave the way for hundreds of jobs for our State.”

    “Standard Lithium’s Department of Energy grant marks a pivotal investment in South Arkansas, empowering local communities while strengthening our nation’s future,” said Arkansas State Senator Ben Gilmore. “This initiative not only fosters economic growth but also plays a crucial role in breaking our dependence on China and securing a resilient supply chain for lithium and beyond.”

    “Congratulations to the SLI/Equinor team,” said Arkansas Secretary of Commerce Hugh McDonald. “Arkansas is excited to see the validation of the lithium industry growth opportunities that will benefit thousands of Arkansans. This award and others solidify Arkansas’ significant role in securing North America’s lithium supply chain.”

    “South Arkansas College is excited about this news for our long-term partner Standard Lithium, and we will continue to support them in any way possible in the future,” said President of SouthArk College, Dr. Stephanie Tully-Dartez.

    “This is great news for the people of South Arkansas and a significant investment in our future and in our nation’s future by helping to break dependence on foreign sources and supply chain for critical minerals,” said Former Arkansas House Speaker Matthew Shepherd. “Not only will this investment directly create hundreds of jobs, it will indirectly create numerous opportunities for improved healthcare, childcare, and workforce development and have a lasting positive impact on South Arkansas and beyond.”

    “UA -Pulaski Tech is proud to be an educational partner on the workforce training component of this enormous investment in domestic production, securing of supply chains and jobs in Arkansas,” said Dr. Summer Deprow, Chancellor of the University of Arkansas – Pulaski Technical College. 

    “Congratulations Standard Lithium on receiving this outstanding award,” said Lafayette County Judge, Valarie Clark. “Lafayette County is grateful for the opportunity to support this great company in their future endeavors.”

    “I am very proud of Standard Lithium and their persistence in receiving the funding that has been procured by their organization,” said Columbia County Judge, Doug Fields. “I know personally the challenge there is to obtain funding for a project! I’m proud to give my full support to Standard Lithium, and their endeavors to provide new jobs, new infrastructure, and to see them support the community in much-needed ways, not to mention the boost to our economy! Congratulations to Standard Lithium!”

    About the South West Arkansas Project

    The South West Arkansas Project (“SWA” or the “Project”) is located in Lafayette and Columbia Counties, Arkansas, and is being developed in partnership with Equinor, which holds a 45% non-operating interest in the Project. SWA’s Indicated and Inferred Mineral Resource of 1.4 Mt and 0.4 Mt lithium carbonate equivalent, with an average lithium concentration of 437 mg/L, has some of the highest reported lithium brine concentrations in North America. The design engineers working on behalf of the Company are developing Front-end Engineering Design (“FEED”) and a Definitive Feasibility Study (“DFS”) that contemplates total production of up to 45,000 tonnes per annum of lithium carbonate, to be developed in two phases of 22,500 tonnes per annum each.

    SWA’s direct lithium extraction and lithium carbonate facilities are planned to be located on a 118-acre property in rural Lafayette County, approximately 7 miles south of Lewisville, Arkansas. The Project is expected to create up to 300 construction jobs and 100 direct jobs and dedicate millions of dollars to community impact efforts that will benefit the local area through infrastructure improvements, community health initiatives, educational partnerships, and workforce development programs.

    The Company completed a Preliminary Feasibility Study for the project in 2023, and a DFS and FEED are currently underway.

    Qualified Person

    Steve Ross, P.Geol., a qualified person as defined by National Instrument 43-101, and Vice President Resource Development for the Company, has reviewed and approved the relevant scientific and technical information in this news release.

    About Standard Lithium

    Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The Company prioritizes projects characterized by the highest quality resources, robust infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated Direct Lithium Extraction (“DLE”) and purification process. The Company’s flagship projects are located in the Smackover Formation, a world-class lithium brine asset, focused in Arkansas and Texas. In partnership with global energy leader Equinor ASA, Standard Lithium is advancing the South West Arkansas project, a greenfield project located in southern Arkansas, and actively exploring promising lithium brine prospects in East Texas. Additionally, the Company is advancing the Phase 1A project in partnership with LANXESS Corporation, a brownfield development project located in southern Arkansas. Standard Lithium also holds an interest in certain mineral leases in the Mojave Desert in San Bernardino County, California.

    Standard Lithium is jointly listed on the TSX Venture Exchange and the NYSE American under the trading symbol “SLI”. Please visit the Company’s website at https://www.standardlithium.com.

    About Equinor

    Equinor is an international energy company committed to long-term value creation in a low-carbon future. Equinor’s portfolio of projects encompasses oil and gas, renewables and low-carbon solutions, with an ambition of becoming a net-zero energy company by 2050. Headquartered in Norway, Equinor is the leading operator on the Norwegian continental shelf and is present in around 30 countries worldwide. Our partnership with Standard Lithium to mature DLE projects builds on our broad US energy portfolio of oil and gas, offshore wind, low carbon solutions and battery storage projects.

    For more information on Equinor in the US, please visit: Equinor in the US – Equinor

    Media Contacts:

    Allysa Iverson 
    Standard Lithium Ltd.
    a.iverson@standardlithium.com

    Ola Morten Aanestad 
    Equinor
    oaan@equinor.com

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to intended development timelines, future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

    The MIL Network –

  • MIL-OSI: BIO-key Expands Deployment with Province of British Columbia, Adds 10,000 Biometric Users for Sign-on and Physical Access Control

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia and HOLMDEL, N.J., Sept. 23, 2024 (GLOBE NEWSWIRE) — BIO-key® International, Inc. (NASDAQ: BKYI), an innovative provider of workforce and customer identity and access management (IAM) solutions featuring Identity-Bound Biometrics (IBB) for phoneless, tokenless, passwordless and phish-resistant authentication experiences, announced that its long-time customer, the province of British Columbia, has placed new orders with BIO-key. 10,000 users will be added to their existing deployment of WEB-key software, integrated with Broadcom’s SiteMinder infrastructure to streamline and strengthen access to a series of new applications via SAML 2.0 federation standards.

    BIO-key has worked closely with the province’s cybersecurity team to integrate BIO-key’s state-of-the-art, cloud-enabled biometric authentication platform with its existing authentication infrastructure to deliver advanced and secure biometric access to systems, applications and facilities across the organization.

    Since 2012, BIO-key’s secure biometric authentication platform has been integrated with the province’s authentication infrastructure to provide the strongest biometric ID without requiring phones or tokens. In 2017, the province expanded the platform to incorporate physical access control using the same fingerprint biometric for door access. This differentiated approach delivers secure sign in and streamlined access to facilities for users who roam among different workstations and locations without requiring added costs and risks of “what-you-have” token and card solutions that only verify that the card or token is present, not the user. BIO-key credentials derive from the individual themselves, so access cannot be shared, delegated, phished or forgotten.

    Jim Sullivan, BIO-key’s SVP Strategy and Chief Legal Officer, said, “The British Columbia government has been a leader in providing secure biometric authentication with BIO-key solutions for more than a decade. They recognize that unique ‘roving user’ scenarios call for uncompromising yet user-friendly security. We are pleased to be the trusted provider of the highest level of security, by ensuring only the right user accesses the most sensitive information. BIO-key has a long history providing highly secure, robust and cost-efficient solutions in government, defense, finance, retail and other highly-regulated industries. Today, we are finding that BIO-key’s superior user experience, through phoneless, tokenless and passwordless solutions, translates very well to many enterprise use cases, particularly where we bring multi-factor authentication to roving workforces.”

    About BIO-key International, Inc. (www.BIO-key.com)
    BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless and passwordless biometric options. Its hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.

    BIO-key Safe Harbor Statement
    All statements contained in this press release other than statements of historical facts are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Act. These statements are not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue; our ability to raise additional capital; our ability to protect our intellectual property; changes in business conditions; changes in our sales strategy and product development plans; changes in the marketplace; continued services of our executive management team; security breaches; competition in the biometric technology industry; market acceptance of biometric products generally and our products under development; our ability to execute and deliver on contracts in Africa; our ability to expand into Asia, Africa and other foreign markets; our ability to integrate the operations and personnel of Swivel Secure into our business; fluctuations in foreign currency exchange rates; delays in the development of products and statements of assumption underlying any of the foregoing as well as other factors set forth under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023 and other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements whether as a result of new information, future events, or otherwise.


    Investor Contacts
    William Jones, David Collins
    Catalyst IR
    BKYI@catalyst-ir.com
    212-924-9800

    The MIL Network –

  • MIL-OSI: Climate Tech VC Cerulean Ventures Closes Fund I at Climate Week NYC 2024

    Source: GlobeNewswire (MIL-OSI)

    SANTA BARBARA, Calif., Sept. 23, 2024 (GLOBE NEWSWIRE) — Cerulean Ventures, a climate tech venture capital firm operating in the trillion dollar annual climate finance sector, closed a $10M pre-seed fund focused on software for hard problems in climate tech. The fund invests in highly-scalable software and technology focused on biodiversity, natural capital and climate-positive profitable business practices.

    Cerulean Ventures was launched with the support of its anchor investor, One Small Planet, strategic investors, Regen Foundation and Regen Network, and several global family offices focused on scaling proven, profitable solutions to address climate change.

    “As tech founders themselves, Jahed and Matthew have the unique experience of bridging complex technology to massive markets,” said Jack Wielebinski, Chief Investment Officer of One Small Planet. “We are proud to support Cerulean’s thesis to invest in software businesses that connect the global economy for nature-positive outcomes.”

    As a team, the General Partners work directly with founders at the earliest stages to develop business operations, set go-to-market strategies and plan for financial success to reach critical funding and business milestones. Matthew Stotts was the founder of a top technology marketing consultancy in Silicon Valley and a co-founder of a financial technology business. Jahed Momand was the co-founder of a developer operations SaaS company and held product leadership roles at a number of top Silicon Valley enterprise software companies. Together they worked on sustainable finance, regenerative agriculture and indigenous land stewardship through the Regen Network. They began investing through Cerulean Ventures in 2022.

    Matthew and Jahed’s work with the Cerulean Ventures portfolio of climate tech entrepreneurs deepens the general partners’ years of work on nature-based solutions, biodiversity, decarbonization, circular materials, waste-to-value, decentralized energy and global networks for coordinating climate finance and accounting. Cerulean’s portfolio of investments include highly-scalable software and data for sustainable supply chains, financial technology for carbon and energy markets, and several innovations in climate finance.

    Four major focus areas for Cerulean Ventures Fund I include: Carbon, Energy, Sustainable Supply Chains and Climate FinTech

    Earthbanc leads the carbon markets
    Earthbanc has built the world’s first vertically integrated, full-stack, nature-based carbon removal company. Leading global multinationals, such as AstraZeneca, work with Earthbanc to scale carbon removal through native, biodiverse and regenerative agroforestry that delivers proven nature-based carbon removals through its proprietary, MRV software in the field, machine learning, and market linkages for agricultural and horticultural produce.

    Earthbanc CEO Tom Duncan: “Our vision at Earthbanc is nothing less than enabling regenerative agriculture, forestry and carbon removal to scale up across 2.5 billion hectares of degraded lands. We make this achievable by building mobile and web software for projects and clients to leverage deep learning and MRV, and we structure capital to enable it to flow into land restoration. Cerulean helped us form capital with the right investors early, and that freed us up to focus on building a truly transformative nature-tech company.”

    Jasmine Energy is opening a global renewable energy market
    Jasmine Energy has digitized and synchronized the United States market for renewable energy credits, which has historically been disaggregated and difficult to access. With an ambitious view of a global tradeable market of credits that incentivize renewable energy investment, Jasmine Energy is critical to the energy transition.

    “Cerulean was one of the first believers in our vision of a globally-coordinated renewable energy market,” said Nathalie Capati, co-founder and CEO of Jasmine Energy. “Few investors have the insight or commitment to support founders building a climate-positive software company that takes on massively complex markets. Cerulean has gone above and beyond in its support for Jasmine.”

    CommonShare is driving sustainable supply chains
    CommonShare is using AI to enable sustainable procurement across all supply chains, making them transparent and fair through a global network of brands, retailers, suppliers, verifiers, and standards owners that promotes clear communication and cross-company collaboration. In a landmark partnership with Bureau Veritas (BV), they will enable origin mapping and purchase order traceability across BV’s Fortune 500 clients, helping them comply with CSRD and EUDR compliance and radically reduce environmental impacts through sustainable procurement.

    “We enjoyed working with the Cerulean team. They were one of the few VCs who understood what we’re doing, which gave them the ability to move fast on diligence and help us focus on building in an entirely new market. Their founder-focused perspective was exactly what we were looking for in a pre-seed partner.” – Martin Smith, Founder & CEO CommonShare.

    Regen is building a global blockchain for good
    Regen Network and its foundation seek to bring the use, regeneration and protection of land and natural resources into balance with indigenous peoples and local communities through an equitable distribution of value, knowledge and stewardship. The blockchain network and technology tools Regen has built enable finance to flow to biodiversity protection, old-growth forests, critical watersheds and irreplaceable natural resources.

    “Jahed and Matthew were early contributors to the Regen Network, a community of hundreds that now spans every continent on Earth,” said Gregory Landua, CEO of Regen Network Development PBC. “We’re excited to see Ceruluean’s contributions to nature-positive technology for the benefit of people and the planet.”

    About Cerulean Ventures
    https://cerulean.vc/

    Cerulean Ventures invests in pre-seed and seed stage Climate FinTech, SaaS and blockchain businesses tapping into the network effects of nature, renewable energy and climate-positive economies. Cerulean finds earth-scale (global) technology opportunities in areas like renewable energy, blue carbon, reforestation, biodiversity and regenerative agriculture, as well as decarbonization, circularity and sustainability across industry, manufacturing, transportation, construction, and supply chains.

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  • MIL-OSI: NANO Nuclear Energy Forms NANO Nuclear Space to Explore Use of Advanced Portable Microreactors in Space Applications

    Source: GlobeNewswire (MIL-OSI)

    Committed to exploring new markets, NANO Nuclear Energy is assessing the potential for deploying its advanced technologies in space applications

    New York, N.Y., Sept. 23, 2024 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing portable, clean energy solutions, today announced the launch of a new subsidiary, NANO Nuclear Space Inc. (NNS), to explore the potential commercial applications of the Company’s developing micronuclear reactor technology in space.

    NNS will utilize NANO Nuclear’s world class scientific and engineering teams to examine the adaptation of NANO Nuclear technologies to contribute towards humanity’s drive to expand beyond low earth orbit. NNS will focus on optimizing “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, for applications such as power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

    Innovative technologies, like the Annular Linear Induction Pump (ALIP) technology developed by Carlos O. Maidana, Ph.D., which was recently acquired by NANO Nuclear, will be leveraged to optimize cooling and heat transfer capabilities and address challenges in high-efficiency thermal fluid management in high temperature applications, including energy generation and even propulsion.

    Figure 1 – Rendition of Proprietary NANO Nuclear Space Inc. ‘ODIN’ Microreactor Optimized for Cis-Lunar Operations

    “NANO Nuclear was made to innovate. Our plans have always included space applications as a potential fit of our micronuclear reactor technologies. With the resources we have in hand, we are now able to launch NANO Nuclear Space to explore the many potential applications of our technology in the growing private commercial, as well as government sponsored, space industry,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “Space exploration has long been integral to our nation’s history, driving the development of technologies that have profoundly impacted life both on Earth and beyond its atmosphere. The possibilities for future exploration are abundant, and our world-class technical team is committed to developing innovative solutions, all firmly grounded in safety. NNS also enables us to seek new partnerships and collaborations and potentially unlock novel funding opportunities for research and development that can revolutionize our core products.”

    Figure 2 – A NANO Nuclear Energy Inc. subsidiary, NANO Nuclear Space will adapt its advanced nuclear technologies for space applications.

    With a focus on the vast commercial potential of space, NNS will pioneer systems designed to address the particular operational challenges of cis-lunar space while supporting sustainable human presence and unlocking space resources for economic development. By concentrating on cis-lunar space, the hub of commercial space activity, NNS aims to capitalize on opportunities from satellite services to in-orbit manufacturing and lunar resource extraction.

    “Since the inception of NANO Nuclear, I have been determined to expand our vision to include cis-lunar space and explore beyond Earth’s bounds,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “Space exploration in the 20th century was a catalyst for widespread technological progress and I am confident further activities in cis-lunar space will bring even more opportunities to improve daily life for people around the world. The diverse applications of microreactors in space, whether for habitation, exploration, or propulsion, present unprecedented opportunities for our exceptional technical team to drive innovation.”

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across four business lines: (i) cutting edge portable microreactor technology, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation and (iv) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s products in technical development are “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206
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    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release or related events contain or may contain “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 (including statements regarding the future operations of NNS and the potential for applications of the Company’s technology in space exploration) 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”, “potential”, “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 significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, 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: (i) risks related to our U.S. Department of Energy (“DOE”) nuclear fuel manufacturing submission and the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, (ii) our ability to obtain contracts and funding to be able to continue operations, (iii) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (v) similar risks and uncertainties associated with the business of a start-up business operating a highly regulated industry. 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, and the NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. 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 –