Category: Intelligence

MIL-OSI Security: Wilsonville Woman Sentenced to Federal Prison for Laundering More than $4.6 Million in Drug Proceeds

Source: Office of United States Attorneys

PORTLAND, Ore.—A Wilsonville, Oregon woman was sentenced to federal prison today for laundering millions of dollars in drug proceeds as the chief money launderer for a drug trafficking organization operating in the Pacific Northwest and California.

Jacqueline Paola Rodriguez Barrientos, 44, was sentenced to 57 months in federal prison and three years’ supervised release.

“We thank the coordinated efforts of our federal, state, and local law enforcement partners actively combatting these drug trafficking organizations and the damage they inflict on our communities,” said Natalie Wight, U.S. Attorney for the District of Oregon.

“While people like Ms. Rodriguez Barrientos conceal the profits of drug enterprises, the losses fall on far too many Americans and their families,” said Adam Jobes, Special Agent in Charge of IRS Criminal Investigation’s Seattle Field Office. “We will continue doing our part to expose the finances of criminal organizations.”

According to court documents, beginning in fall 2021, special agents from the U.S. Drug Enforcement Administration (DEA) in Portland began investigating a drug trafficking organization suspected of transporting counterfeit oxycodone pills containing fentanyl and heroin from California into Oregon and Washington State for distribution.

A parallel financial investigation led by IRS Criminal Investigation (IRS:CI) revealed that Barrientos laundered money generated by the drug trafficking organization through the Mazatlán Beauty Salon in Tualatin, Oregon and by buying real estate that she converted into income-generating rentals. The real estate purchases were made with cashier’s checks funded by large cash deposits. Currency Transaction Reports generated by several banks showed that Barrientos made frequent cash deposits ranging from $10,000 to more than $373,000 into accounts held in her name or the name of her salon. These deposits totaled more than $3.5 million during a 9-month period in 2021.

Since February 2021, members of the drug trafficking organization also purchased a total of nine residential properties in Oregon, Washington and Nevada with an estimated total value of more than $4.6 million. All nine properties were purchased outright with no mortgages. Barrientos used laundered funds to purchase eight of these properties. She then used third-party property management companies to rent these properties and received approximately $10,000 per month in rental income.

On February 17, 2022, DEA agents arrested Barrientos and an associate at their Las Vegas residence. Agents found and seized two luxury vehicles, several loose receipts documenting high-end retail purchases, credit card statements documenting more than $16,000 spent on tickets to attend a professional boxing match, and other evidence memorializing the couple’s high-end lifestyle.

On February 9, 2022, a federal grand jury in Portland returned an indictment charging Barrientos with conspiracy to launder drug proceeds. She pleaded guilty on July 31, 2024.

Barrientos has agreed to forfeiture of the properties purchased with criminal proceeds as part of the resolution of her case. Some of the properties have been sold by the government; others are pending forfeiture and sale. The proceeds of forfeited assets are deposited in the Justice Department’s Assets Forfeiture Fund (AFF) and used to restore funds to crime victims and for a variety of other law enforcement purposes. To learn more about the AFF, please visit: https://www.justice.gov/afp/assets-forfeiture-fund-aff.

This case was investigated by DEA with assistance from the FBI, Homeland Security Investigations (HSI), IRS:CI, Tigard Police Department, and Oregon State Police. It is being prosecuted by Peter D. Sax, Assistant U.S. Attorney for the District of Oregon. Forfeiture proceedings are being handled by AUSA Katie De Villiers, also of the District of Oregon.

This case is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) investigation. OCDETF identifies, disrupts, and dismantles the highest-level drug traffickers, money launderers, gangs, and transnational criminal organizations that threaten the United States by using a prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal, state, and local law enforcement agencies against criminal networks.

MIL Security OSI –

January 25, 2025

MIL-OSI: Dassault Systèmes: Third quarter results in-line – Anticipating top line acceleration in 4Q – Confirming full year EPS objective

Source: GlobeNewswire (MIL-OSI)

Press Release

VELIZY-VILLACOUBLAY, France — October 24, 2024

Dassault Systèmes: Third quarter results in-line

Anticipating top line acceleration in 4Q

Confirming full year EPS objective

Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) today reports its IFRS unaudited estimated financial results for the third quarter 2024 and nine months ended September 30, 2024. The Group’s Board of Directors approved these estimated results on October 23, 2024. This press release also includes financial information on a non-IFRS basis and reconciliations with IFRS figures in the Appendix.

Summary Highlights¹

(unaudited, non-IFRS unless otherwise noted,
all growth rates in constant currencies)

3Q24: total revenue rose 4% to €1.46 billion driven by subscription revenue up 8%;
3Q24: sequential improvement of MEDIDATA revenue;
3Q24: operating margin of 29.6% and EPS at €0.29, in line with guidance;
YTD24: IFRS cash flow from operations up 6% as reported;
FY24: confirming diluted EPS objectives of €1.27 – €1.30, while updating total revenue growth from 6 – 8% to 5 – 7% to reflect the continued scrutiny and contraction of the automotive market. Anticipating total revenue growth acceleration at 8% mid-point in 4Q24.

Dassault Systèmes’ Chief Executive Officer Commentary

Pascal Daloz, Dassault Systèmes’ Chief Executive Officer, commented:

“As we enter the second half of the year, we have seen several end-markets gaining momentum. In Life Sciences, MEDIDATA is back to sequential growth improvement. At the same time, we had excellent performance in Consumer industries driven by CENTRIC PLM. SOLIDWORKS accelerated growth in revenue and seats. Importantly, Aerospace & Defense was resilient and delivered a solid performance this quarter.

However, since late summer, automotive customers in Europe and the US have been impacted by a contraction in volumes. This accelerates the need for transformative decisions, while elongating decision-making in the short term. Momentum in Asia, and China in particular, remains strong.

We are well-positioned to continue gaining market share in the industrial sector. We are confident that our data-centric platform will serve as a catalyst for transformation. In the age of AI, virtualizing industrial processes from design to manufacturing will be a prerequisite for OEMs and suppliers to compete successfully in this next decade.”

Dassault Systèmes’ Chief Financial Officer Commentary

(revenue, operating margin and diluted EPS growth rates in constant currencies,
data on a non-IFRS basis)

Rouven Bergmann, Dassault Systèmes’ Chief Financial Officer, commented:

“In the third quarter, our total revenue grew by 4%, while the operating margin remained resilient at 29.6% and EPS stood at €0.29, highlighting the operating efficiency of the company.

For the full year, we are reconfirming our EPS target range of €1.27 – €1.30 while remaining disciplined to offset the effects of ongoing deal delays and contraction in automotive volumes. Accordingly, we are adjusting our total revenue growth expectations from 6 – 8% to 5 – 7%.

This updated guidance reflects expected growth acceleration in the fourth quarter, driven by continued improvements at MEDIDATA and a robust 3DEXPERIENCE pipeline.”

Financial Summary

In millions of Euros, except per share data and percentages	IFRS				IFRS
In millions of Euros, except per share data and percentages	Q3 2024	Q3 2023	Change	Change in constant currencies	YTD 2024	YTD 2023	Change	Change in constant currencies
Total Revenue	1,463.9	1,424.7	3%	4%	4,459.3	4,308.0	4%	4%
Software Revenue	1,312.4	1,286.7	2%	3%	4,011.8	3,883.9	3%	4%
Operating Margin	18.9%	21.2%	(2.4)pts		19.6%	20.0%	(0.3)pt
Diluted EPS	0.18	0.18	0%		0.61	0.54	12%

In millions of Euros, except per share data and percentages	Non-IFRS				Non-IFRS
In millions of Euros, except per share data and percentages	Q3 2024	Q3 2023	Change	Change in constant currencies	YTD 2024	YTD 2023	Change	Change in constant currencies
Total Revenue	1,463.9	1,424.7	3%	4%	4,459.3	4,308.0	4%	4%
Software Revenue	1,312.4	1,286.7	2%	3%	4,011.8	3,883.9	3%	4%
Operating Margin	29.6%	31.0%	(1.5)pt		30.2%	31.0%	(0.8)pt
Diluted EPS	0.29	0.28	3%	4%	0.89	0.84	6%	8%

Third Quarter 2024 Versus 2023 Financial Comparisons

(unaudited, IFRS and non-IFRS unless otherwise noted,
all revenue growth rates in constant currencies)

Total Revenue: Total revenue in the third quarter grew by 4% to €1.46 billion, and software revenue increased by 3% to €1.31 billion, both at the low end of the Company’s objectives. Subscription & support revenue rose 5%; recurring revenue represented 83% of software revenue, up 2 percentage points compared to last year. Licenses and other software revenue declined by 7% to €229 million. Services revenue increased by 10% to €151 million, during the quarter.
Software Revenue by Geography: Revenue in the Americas increased by 6% to represent 41% of software revenue, led by Home & Lifestyle from an Industry standpoint. Europe (36% of software revenue) declined by 4%, largely impacted by a strong comparison basis after a large transformation deal signed in the third quarter of 2023. In Asia, revenue increased by 9% with continued momentum across countries led by improvement in China, up double digits. Asia represented 23% of software revenue at the end of the third quarter.
Software Revenue by Product Line:
- Industrial Innovation software revenue declined by 1% to €685 million, against a high comparison basis. The strong baseline effect combined with a weaker automotive market in Europe and the US weighed on the performance. Industrial Innovation software represented 52% of software revenue, during the period.
- Life Sciences software revenue was flat, at €280 million, accounting for 21% of software revenue. Sequential growth improvement confirms MEDIDATA progressive recovery.
- Mainstream Innovation software revenue increased by 15% to €348 million and represented 26% of software revenue. SOLIDWORKS had a good start in the second half of 2024, up mid-single digits in the quarter. CENTRIC PLM delivered another excellent quarter, due to competitive displacements and strong renewals.

Software Revenue by Industry: Home & Lifestyle, High-Tech, Aerospace & Defense and Marine & Offshore were among the best performers during the quarter.
Key Strategic Drivers: 3DEXPERIENCE software revenue was impacted by a tough comparison base due to the anniversary of a mega deal. Hence, we saw a temporary decline of 10%. However, the performance on a year-to-date basis was in line with objectives and, looking at the subscription growth, the trend was very strong at 41%. 3DEXPERIENCE software revenue represented 37% of 3DEXPERIENCE eligible software revenue. Cloud software revenue grew by 7% and represented 25% of software revenue during the period. Excluding MEDIDATA, Cloud software revenue increased by a strong 38%.
Operating Income and Margin: IFRS operating income declined by 9% at €276 million, as reported. Non-IFRS operating income declined by 1% in constant currencies at €433 million (2% as reported). The IFRS operating margin stood at 18.9% compared to 21.2% in the third quarter of 2023. The non-IFRS operating margin totaled 29.6% versus 31.0% during the same period last year.
Earnings per Share: IFRS diluted EPS was €0.18, flat as reported. Non-IFRS diluted EPS grew to €0.29, up 3% as reported, or 4% in constant currencies.

Nine months ended 2024 Versus 2023 Financial Comparisons

(unaudited, IFRS and non-IFRS unless otherwise noted,
all revenue growth rates in constant currencies)

Total Revenue: Total revenue grew by 4% to €4.46 billion. Software revenue increased by 4% to €4.01 billion. Subscription and support revenue rose 5% to €3.29 billion; recurring revenue represented 82% of total software revenue. Licenses and other software revenue declined by 1% to €720 million. Services revenue rose 6% to €448 million.
Software Revenue by Geography: The Americas grew 3% and represented 40% of software revenue. Europe rose by 2% and represented 37% of software revenue. Asia increased by 9%, representing 23% of software revenue.
Software Revenue by Product Line:
- Industrial Innovation software revenue rose by 4% to €2.12 billion and represented 53% of software revenue. ENOVIA, SIMULIA and DELMIA exhibited the strongest performance.
- Life Sciences software revenue decreased by 2% to €847 million, representing 21% of software revenue.
- Mainstream Innovation software revenue increased by 11% to €1.05 billion. Mainstream Innovation represented 26% of software revenue. SOLIDWORKS delivered mid-single digit growth while CENTRIC PLM continued to perform well with strong, double-digit growth.
Software Revenue by Industry: Home & Lifestyle, Aerospace and Defense, High-Tech and Consumer Packaged Good & Retail displayed some of the strongest performance.
Key Strategic Drivers: 3DEXPERIENCE software revenue increased by 10%, representing 37% of 3DEXPERIENCE eligible software revenue. Cloud software revenue grew by 7% and represented 25% of software revenue. Excluding MEDIDATA, Cloud software revenue increased by more than 50% versus the same period last year.
Operating Income and Margin: IFRS operating income increased by 2%, to €876 million, as reported. Non-IFRS operating income increased by 1% as reported (2% in constant currencies) to €1.35 billion. IFRS operating margin totaled 19.6% compared to 20.0% for the same period in 2023. The non-IFRS operating margin was preserved, standing at 30.2% in the first nine months of 2024 compared to 31.0% in the same period last year, thanks to cost containment measures.
Earnings per Share: IFRS diluted EPS was €0.61 increasing 12% as reported. Non-IFRS diluted EPS grew by 6% to €0.89, as reported, up 8% in constant currencies.
Cash Flow from Operations (IFRS): Cash flow from operations totaled €1.35 billion, up 6% year over year, thanks to the increase in net income adjusted for non-cash items and positive cash tax effects in 2024.
Balance Sheet (IFRS): Dassault Systèmes’ net financial position totaled €1.07 billion as of September 30, 2024, an increase of €0.49 billion, compared to €0.58 billion for the year ending December 31, 2023. Cash and cash equivalents totaled €3.66 billion as of September 30, 2024. The movements of the quarter on cash and cash equivalents include the reimbursement for €700 million of the second Tranche of the Bond issued by the company in 2019.

Financial Objectives for 2024

Dassault Systèmes’ fourth quarter and 2024 financial objectives presented below are given on a non-IFRS basis and reflect the principal 2024 currency exchange rate assumptions for the US dollar and Japanese yen as well as the potential impact from additional non-Euro currencies:


		Q4 2024	FY 2024
Total Revenue (billion)		€1.696 – €1.816	€6.155 – €6.275
Growth		3 – 10%	3 – 5%
Growth ex FX		5 – 12%	5 – 7%

Software revenue growth *		5 – 13%	5 – 7%
	Of which licenses and other software revenue growth *	0 – 20%	(1) – 6%
	Of which recurring revenue growth *	7 – 11%	6 – 7%
Services revenue growth *		0 – 5%	4 – 6%

Operating Margin		35.9% – 36.9%	31.8% – 32.2%

EPS Diluted		€0.38 – €0.41	€1.27 – €1.30
Growth		4 – 12%	5 – 8%
Growth ex FX		5 – 13%	7 – 10%

US dollar		$1.10 per Euro	$1.09 per Euro
Japanese yen (before hedging)		JPY 155.0 per Euro	JPY 162.0 per Euro
* Growth in Constant Currencies

These objectives are prepared and communicated only on a non-IFRS basis and are subject to the cautionary statement set forth below.

The 2024 non-IFRS financial objectives set forth above do not take into account the following accounting elements below and are estimated based upon the 2024 principal currency exchange rates above: no significant contract liabilities write-downs; share-based compensation expenses, including related social charges, estimated at approximately €232 million (these estimates do not include any new stock option or share grants issued after September 30, 2024); amortization of acquired intangibles and of tangibles reevaluation, estimated at approximately €360 million, largely impacted by the acquisition of MEDIDATA; and lease incentives of acquired companies at approximately €2 million.

The above objectives also do not include any impact from other operating income and expenses, a net principally comprised of acquisition, integration and restructuring expenses, and impairment of goodwill and acquired intangible assets; from one-time items included in financial revenue; from one-time tax effects; and from the income tax effects of these non-IFRS adjustments. Finally, these estimates do not include any new acquisitions or restructuring completed after September 30, 2024.

Corporate Announcements

Today’s Webcast and Conference Call Information

Today, Thursday, October 24, 2024, Dassault Systèmes will host, from London, a webcasted presentation at 9:00 AM London Time / 10:00 AM Paris time, and will then host a conference call at 8:30 AM New York time / 1:30 PM London time / 2:30 PM Paris time. The webcasted presentation and conference calls will be available online by accessing investor.3ds.com.

Additional investor information is available at investor.3ds.com or by calling Dassault Systèmes’ Investor Relations at +33.1.61.62.69.24.

Investor Relations Events

Fourth Quarter 2024 Earnings Release: February 4, 2025
First Quarter 2025 Earnings Release: April 24, 2025
Second Quarter 2025 Earnings Release: July 24, 2025

Forward-looking Information

Statements herein that are not historical facts but express expectations or objectives for the future, including but not limited to statements regarding the Group’s non-IFRS financial performance objectives are forward-looking statements. Such forward-looking statements are based on Dassault Systèmes management’s current views and assumptions and involve known and unknown risks and uncertainties. Actual results or performances may differ materially from those in such statements due to a range of factors.

The Group’s actual results or performance may be materially negatively affected by numerous risks and uncertainties, as described in the “Risk Factors” section 1.9 of the 2023 Universal Registration Document (‘Document d’enregistrement universel’) filed with the AMF (French Financial Markets Authority) on March 18, 2024, available on the Group’s website www.3ds.com.

In particular, please refer to the risk factor “Uncertain Global Economic Environment” in section 1.9.1.1 of the 2023 Universal Registration Document set out below for ease of reference:

“In light of the uncertainties regarding economic, business, social, health and geopolitical conditions at the global level, Dassault Systèmes’ revenue, net earnings and cash flows may grow more slowly, whether on an annual or quarterly basis, mainly due to the following factors:

the deployment of Dassault Systèmes’ solutions may represent a large portion of a customer’s investments in software technology. Decisions to make such an investment are impacted by the economic environment in which the customers operate. Uncertain global geopolitical, economic and health conditions and the lack of visibility or the lack of financial resources may cause some customers, e.g. within the automotive, aerospace, energy or natural resources industries, to reduce, postpone or terminate their investments, or to reduce or not renew ongoing paid maintenance for their installed base, which impact larger customers’ revenue with their respective sub-contractors;
the political, economic and monetary situation in certain geographic regions where Dassault Systèmes operates could become more volatile and impact Dassault Systèmes’ business, for example, due to stricter export compliance rules or the introduction of new customs tariffs;
continued pressure or volatility on raw materials and energy prices could also slow down Dassault Systèmes’ diversification efforts in new industries;
uncertainties regarding the extent and duration of inflation could adversely affect the financial position of Dassault Systèmes; and
the sales cycle of Dassault Systèmes’ products – already relatively long due to the strategic nature of such investments for customers – could further lengthen.

The occurrence of crises – health and political in particular – could have consequences both for the health and safety of Dassault Systèmes’ employees and for the Company. It could also adversely impact the financial situation or financing and supply capabilities of Dassault Systèmes’ existing and potential customers, commercial and technology partners, some of whom may be forced to temporarily close sites or cease operations. A deteriorating economic environment could generate increased price pressure and affect the collection of receivables, which would negatively impact Dassault Systèmes’ revenue, financial performance and market position.

Dassault Systèmes makes every effort to take into consideration this uncertain macroeconomic outlook. Dassault Systèmes’ business results, however, may not develop as anticipated. Furthermore, due to factors affecting sales of Dassault Systèmes’ products and services, there may be a substantial time lag between an improvement in global economic and business conditions and an upswing in the Company’s business results.

In preparing such forward-looking statements, the Group has in particular assumed an average US dollar to euro exchange rate of US$1.10 per €1.00 as well as an average Japanese yen to euro exchange rate of JPY155.0 to €1.00, before hedging for the fourth quarter 2024. The Group has assumed an average US dollar to euro exchange rate of US$1.09 per €1.00 as well as an average Japanese yen to euro exchange rate of JPY162.0 to €1.00, before hedging for the full year 2024. However, currency values fluctuate, and the Group’s results may be significantly affected by changes in exchange rates.

Non-IFRS Financial Information

Readers are cautioned that the supplemental non-IFRS financial information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered in isolation from or as a substitute for IFRS measurements. The supplemental non-IFRS financial information should be read only in conjunction with the Company’s consolidated financial statements prepared in accordance with IFRS. Furthermore, the Group’s supplemental non-IFRS financial information may not be comparable to similarly titled “non-IFRS” measures used by other companies. Specific limitations for individual non-IFRS measures are set forth in the Company’s 2023 Universal Registration Document filed with the AMF on March 18, 2024.

In the tables accompanying this press release the Group sets forth its supplemental non-IFRS figures for revenue, operating income, operating margin, net income and diluted earnings per share, which exclude the effect of adjusting the carrying value of acquired companies’ deferred revenue, share-based compensation expense and related social charges, the amortization of acquired intangible assets and of tangibles reevaluation, certain other operating income and expense, net, including impairment of goodwill and acquired intangibles, the effect of adjusting lease incentives of acquired companies, certain one-time items included in financial revenue and other, net, and the income tax effect of the non-IFRS adjustments and certain one-time tax effects. The tables also set forth the most comparable IFRS financial measure and reconciliations of this information with non-IFRS information.

FOR MORE INFORMATION

Dassault Systèmes’ 3DEXPERIENCE platform, 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions: http://www.3ds.com

ABOUT DASSAULT SYSTÈMES

Dassault Systèmes is a catalyst for human progress. We provide business and people with collaborative virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, our customers can redefine the creation, production and life-cycle-management processes of their offer and thus have a meaningful impact to make the world more sustainable. The beauty of the Experience Economy is that it is a human-centered economy for the benefit of all – consumers, patients and citizens. Dassault Systèmes brings value to more than 350,000 customers of all sizes, in all industries, in more than 150 countries. For more information, visit www.3ds.com

Dassault Systèmes Investor Relations Team FTI Consulting

Beatrix Martinez: +33 1 61 62 40 73 Arnaud de Cheffontaines: +33 1 47 03 69 48

Jamie Ricketts : +44 20 3727 1600

investors@3ds.com

Dassault Systèmes Press Contacts

Corporate / France Arnaud MALHERBE

arnaud.malherbe@3ds.com

+33 (0)1 61 62 87 73

© Dassault Systèmes. All rights reserved. 3DEXPERIENCE, the 3DS logo, the Compass icon, IFWE, 3DEXCITE, 3DVIA, BIOVIA, CATIA, CENTRIC PLM, DELMIA, ENOVIA, GEOVIA, MEDIDATA, NETVIBES, OUTSCALE, SIMULIA and SOLIDWORKS are commercial trademarks or registered trademarks of Dassault Systèmes, a European company (Societas Europaea) incorporated under French law, and registered with the Versailles trade and companies registry under number 322 306 440, or its subsidiaries in the United States and/or other countries. All other trademarks are owned by their respective owners. Use of any Dassault Systèmes or its subsidiaries trademarks is subject to their express written approval.

APPENDIX TABLE OF CONTENTS

Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

Glossary of Definitions

Non-IFRS Financial Information

Acquisitions and Foreign Exchange Impact

Condensed consolidated statements of income

Condensed consolidated balance sheet

Condensed consolidated cash flow statement

IFRS – non-IFRS reconciliation

DASSAULT SYSTÈMES – Glossary of Definitions

Information in Constant Currencies

Dassault Systèmes has followed a long-standing policy of measuring its revenue performance and setting its revenue objectives exclusive of currency in order to measure in a transparent manner the underlying level of improvement in its total revenue and software revenue by activity, industry, geography and product lines. The Group believes it is helpful to evaluate its growth exclusive of currency impacts, particularly to help understand revenue trends in its business. Therefore, the Group provides percentage increases or decreases in its revenue and expenses (in both IFRS as well as non-IFRS) to eliminate the effect of changes in currency values, particularly the U.S. dollar and the Japanese yen, relative to the euro. When trend information is expressed “in constant currencies”, the results of the “prior” period have first been recalculated using the average exchange rates of the comparable period in the current year, and then compared with the results of the comparable period in the current year.

While constant currency calculations are not considered to be an IFRS measure, the Group believes these measures are critical to understanding its global revenue results and to compare with many of its competitors who report their financial results in U.S. dollars. Therefore, Dassault Systèmes includes this calculation for comparing IFRS revenue figures as well non-IFRS revenue figures for comparable periods. All information at constant exchange rates is expressed as a rounded percentage and therefore may not precisely reflect the absolute figures.

Information on Growth excluding acquisitions (“organic growth”)

In addition to financial indicators on the entire Group’s scope, Dassault Systèmes provides growth excluding acquisitions effect, also named organic growth. In order to do so, the data relating to the scope is restated excluding acquisitions, from the date of the transaction, over a period of 12 months.

Information on Industrial Sectors

The Group provides broad end-to-end software solutions and services: its platform-based virtual twin experiences combine modeling, simulation, data science and collaborative innovation to support companies in the three sectors it serves, namely Manufacturing Industries, Life Sciences & Healthcare, and Infrastructure & Cities.

These three sectors comprise twelve industries:

Manufacturing Industries: Transportation & Mobility; Aerospace & Defense; Marine & Offshore; Industrial Equipment; High-Tech; Home & Lifestyle; Consumer Packaged Goods – Retail. In Manufacturing Industries, Dassault Systèmes helps customers virtualize their operations, improve data sharing and collaboration across their organization, reduce costs and time-to-market, and become more sustainable;
Life Sciences & Healthcare: Life Sciences & Healthcare. In this sector, the Group aims to address the entire cycle of the patient journey to lead the way toward precision medicine. To reach the broader healthcare ecosystem from research to commercial, the Group’s solutions connect all elements from molecule development to prevention to care, and combine new therapeutics, med practices, and Medtech;
Infrastructure & Cities: Infrastructure, Energy & Materials; Architecture, Engineering & Construction; Business Services; Cities & Public Services. In Infrastructure & Cities, the Group supports the virtualization of the sector in making its industries more efficient and sustainable, and creating desirable living environments.

Information on Product Lines

The Group’s product lines financial reporting include the following financial information:

Industrial Innovation software revenue, which includes CATIA, ENOVIA, SIMULIA, DELMIA, GEOVIA, NETVIBES, and 3DEXCITE brands;
Life Sciences software revenue, which includes MEDIDATA and BIOVIA brands;
Mainstream Innovation software revenue which includes its CENTRIC PLM and 3DVIA brands, as well as its 3DEXPERIENCE WORKS family which includes the SOLIDWORKS brand.

Starting from 2022, 3DS OUTSCALE became a brand of Dassault Systèmes. As the first sovereign and sustainable operator on the cloud, 3DS OUTSCALE enables governments and corporations from all sectors to achieve digital autonomy through a Cloud experience and with a world-class cyber governance.

GEO’s

Eleven GEOs are responsible for driving development of the Company’s business and implementing its customer‑centric engagement model. Teams leverage strong networks of local customers, users, partners, and influencers.

These GEOs are structured into three groups:

the “Americas” group, made of two GEO’s;
the “Europe” group, comprising Europe, Middle East and Africa (EMEA) and made of four GEO’s;
the “Asia” group, comprising Asia and Oceania and made of five GEO’s.

3DEXPERIENCE Software Contribution

To measure the relative share of 3DEXPERIENCE software in its revenues, Dassault Systèmes uses the following ratio: for software revenue, the Group calculates the percentage contribution by comparing total 3DEXPERIENCE software revenue to software revenue for all product lines except SOLIDWORKS, MEDIDATA, CENTRIC PLM and other acquisitions (defined as “3DEXPERIENCE Eligible software revenue”).

Cloud revenue

Cloud revenues correspond to revenue generated through a catalog of cloud-based solutions, infrastructure as a service, cloud solution development and cloud managed services. They are delivered by Dassault Systèmes via a cloud infrastructure hosted by Dassault Systèmes, or by third party providers of cloud computing infrastructure services. These offerings are available through different deployment methods: Dedicated cloud, Sovereign cloud and International cloud. Cloud solutions are generally offered through subscriptions models or perpetual licenses with support and hosting services.

DASSAULT SYSTÈMES

NON-IFRS FINANCIAL INFORMATION

(unaudited; in millions of Euros, except per share data, percentages, headcount and exchange rates)

Non-IFRS key figures exclude the effects of adjusting the carrying value of acquired companies’ contract liabilities (deferred revenue), share-based compensation expense, including related social charges, amortization of acquired intangible assets and of tangible assets revaluation, lease incentives of acquired companies, other operating income and expense, net, including the acquisition, integration and restructuring expenses, and impairment of goodwill and acquired intangible assets, certain one-time items included in financial loss, net, certain one-time tax effects and the income tax effects of these non-IFRS adjustments.

Comparable IFRS financial information and a reconciliation of the IFRS and non-IFRS measures are set forth in the separate tables within this Attachment.

In millions of Euros, except per share data, percentages, headcount and exchange rates	Non-IFRS reported
	Three months ended				Nine months ended
	September 30, 2024	September 30, 2023	Change	Change in constant currencies	September 30, 2024	September 30, 2023	Change	Change in constant currencies
Total Revenue	€ 1,463.9	€ 1,424.7	3%	4%	€ 4,459.3	€ 4,308.0	4%	4%

Revenue breakdown by activity
Software revenue	1,312.4	1,286.7	2%	3%	4,011.8	3,883.9	3%	4%
Of which licenses and other software revenue	229.5	246.0	(7)%	(7)%	719.8	735.8	(2)%	(1)%
Of which subscription and support revenue	1,082.9	1,040.8	4%	5%	3,292.0	3,148.1	5%	5%
Services revenue	151.5	138.0	10%	10%	447.6	424.1	6%	6%

Software revenue breakdown by product line
Industrial Innovation	684.6	698.8	(2)%	(1)%	2,117.9	2,070.7	2%	4%
Life Sciences	280.1	283.6	(1)%	(0)%	846.6	863.8	(2)%	(2)%
Mainstream Innovation	347.7	304.2	14%	15%	1,047.4	949.5	10%	11%

Software Revenue breakdown by geography
Americas	540.6	513.6	5%	6%	1,619.7	1,575.2	3%	3%
Europe	470.3	490.5	(4)%	(4)%	1,465.4	1,426.3	3%	2%
Asia	301.5	282.7	7%	9%	926.6	882.4	5%	9%

Operating income	€ 432.6	€ 442.0	(2)%		€ 1,347.0	€ 1,335.7	1%
Operating margin	29.6%	31.0%			30.2%	31.0%

Net income attributable to shareholders	€ 380.1	€ 371.3	2%		€ 1,174.4	€ 1,110.7	6%
Diluted earnings per share	€ 0.29	€ 0.28	3%	4%	€ 0.89	€ 0.84	6%	8%

Closing headcount	25,996	25,377	2%		25,996	25,377	2%

Average Rate USD per Euro	1.10	1.09	1%		1.09	1.08	0%
Average Rate JPY per Euro	163.95	157.25	4%		164.29	149.65	10%

DASSAULT SYSTÈMES

ACQUISITIONS AND FOREIGN EXCHANGE IMPACT

(unaudited; in millions of Euros)

In millions of Euros	Non-IFRS reported			o/w growth at constant rate and scope	o/w change of scope impact at current year rate	o/w FX impact on previous year figures
In millions of Euros	September 30, 2024	September 30, 2023	Change	o/w growth at constant rate and scope	o/w change of scope impact at current year rate	o/w FX impact on previous year figures
Revenue QTD	1,463.9	1,424.7	39.2	49.8	1.3	(11.8)
Revenue YTD	4,459.3	4,308.0	151.3	190.2	1.6	(40.4)

DASSAULT SYSTÈMES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(unaudited; in millions of Euros, except per share data and percentages)

In millions of Euros, except per share data and percentages	IFRS reported
	Three months ended		Nine months ended
	September 30,	September 30,	September 30,	September 30,
	2024	2023	2024	2023
Licenses and other software revenue	229.5	246.0	719.8	735.8
Subscription and Support revenue	1,082.9	1,040.8	3,292.0	3,148.1
Software revenue	1,312.4	1,286.7	4,011.8	3,883.9
Services revenue	151.5	138.0	447.6	424.1
Total Revenue	€ 1,463.9	€ 1,424.7	€ 4,459.3	€ 4,308.0
Cost of software revenue ⁽¹⁾	(127.6)	(105.2)	(364.4)	(329.0)
Cost of services revenue	(125.3)	(133.1)	(385.0)	(386.1)
Research and development expenses	(321.0)	(299.2)	(958.5)	(910.8)
Marketing and sales expenses	(403.7)	(381.0)	(1,247.7)	(1,195.2)
General and administrative expenses	(117.5)	(103.2)	(334.1)	(325.9)
Amortization of acquired intangible assets and of tangible assets revaluation	(88.5)	(93.4)	(274.1)	(284.0)
Other operating income and expense, net	(4.2)	(7.1)	(19.2)	(16.7)
Total Operating Expenses	(1,187.7)	(1,122.2)	(3,583.1)	(3,447.7)
Operating Income	€ 276.2	€ 302.5	€ 876.2	€ 860.3
Financial income (loss), net	32.1	(4.3)	95.5	31.1
Income before income taxes	€ 308.2	€ 298.2	€ 971.7	€ 891.5
Income tax expense	(68.5)	(54.9)	(184.4)	(171.5)
Net Income	€ 239.8	€ 243.3	€ 787.2	€ 719.9
Non-controlling interest	(0.0)	0.1	0.9	1.0
Net Income attributable to equity holders of the parent	€ 239.7	€ 243.5	€ 788.2	€ 720.9
Basic earnings per share	0.18	0.18	0.60	0.55
Diluted earnings per share	€ 0.18	€ 0.18	€ 0.61	€ 0.54
Basic weighted average shares outstanding (in millions)	1,313.3	1,316.1	1,313.4	1,315.2
Diluted weighted average shares outstanding (in millions)	1,323.1	1,326.1	1,327.0	1,326.8

⁽¹⁾ Excluding amortization of acquired intangible assets and of tangible assets revaluation.

IFRS reported	Three months ended September 30, 2024		Nine months ended September 30, 2024
IFRS reported	Change ⁽²⁾	Change in constant currencies	Change ⁽²⁾	Change in constant currencies
Total Revenue	3%	4%	4%	4%
Revenue by activity
Software revenue	2%	3%	3%	4%
Services revenue	10%	10%	6%	6%
Software Revenue by product line
Industrial Innovation	(2)%	(1)%	2%	4%
Life Sciences	(1)%	(0)%	(2)%	(2)%
Mainstream Innovation	14%	15%	10%	11%
Software Revenue by geography
Americas	5%	6%	3%	3%
Europe	(4)%	(4)%	3%	2%
Asia	7%	9%	5%	9%

⁽²⁾ Variation compared to the same period in the prior year.

DASSAULT SYSTÈMES

CONDENSED CONSOLIDATED BALANCE SHEET

(unaudited; in millions of Euros)

In millions of Euros	IFRS reported
	September 30,	December 31,
	2024	2023
ASSETS
Cash and cash equivalents	3,657.7	3,568.3
Trade accounts receivable, net	1,359.8	1,707.9
Contract assets	45.1	26.8
Other current assets	495.1	477.1
Total current assets	5,557.7	5,780.1
Property and equipment, net	946.2	882.8
Goodwill and Intangible assets, net	7,301.4	7,647.0
Other non-current assets	253.2	312.5
Total non-current assets	8,500.7	8,842.3
Total Assets	€ 14,058.4	€ 14,622.5
LIABILITIES
Trade accounts payable	181.2	230.5
Contract liabilities	1,376.7	1,479.3
Borrowings, current	548.8	950.1
Other current liabilities	768.6	901.0
Total current liabilities	2,875.4	3,561.0
Borrowings, non-current	2,042.8	2,040.6
Other non-current liabilities	1,137.7	1,174.8
Total non-current liabilities	3,180.5	3,215.4
Non-controlling interests	13.8	11.9
Parent shareholders’ equity	7,988.7	7,834.1
Total Liabilities	€ 14,058.4	€ 14,622.5

DASSAULT SYSTÈMES

CONDENSED CONSOLIDATED CASH FLOW STATEMENT

(unaudited; in millions of Euros)

In millions of Euros	IFRS reported
	Three months ended			Nine months ended
	September 30,	September 30,	Change	September 30,	September 30,	Change
	2024	2023	Change	2024	2023	Change
Net income attributable to equity holders of the parent	239.7	243.5	(3.7)	788.2	720.9	67.3
Non-controlling interest	0.0	(0.1)	0.1	(0.9)	(1.0)	0.0
Net income	239.8	243.3	(3.6)	787.2	719.9	67.3
Depreciation of property and equipment	49.4	47.3	2.1	142.1	138.4	3.7
Amortization of intangible assets	90.3	95.2	(5.0)	279.7	290.3	(10.6)
Adjustments for other non-cash items	39.3	65.4	(26.1)	113.6	123.5	(10.0)
Changes in working capital	(201.1)	(205.3)	4.2	25.2	(0.4)	25.6
Net Cash From Operating Activities	€ 217.6	€ 246.0	€ (28.4)	€ 1,347.8	€ 1,271.7	€ 76.0

Additions to property, equipment and intangibles assets	(36.5)	(35.1)	(1.4)	(144.3)	(102.8)	(41.5)
Payment for acquisition of businesses, net of cash acquired	(2.6)	(14.8)	12.2	(18.3)	(15.6)	(2.6)
Other	0.7	4.5	(3.8)	23.9	(0.4)	24.2
Net Cash Provided by (Used in) Investing Activities	€ (38.3)	€ (45.3)	€7.0	€ (138.7)	€ (118.8)	€ (19.9)

Proceeds from exercise of stock options	8.8	11.6	(2.7)	44.0	38.5	5.5
Cash dividends paid	–	(0.0)	0.0	(302.7)	(276.3)	(26.4)
Repurchase and sale of treasury stock	(65.8)	(218.6)	152.8	(373.5)	(386.0)	12.5
Capital increase	(0.0)	0.0	(0.0)	–	146.1	(146.1)
Acquisition of non-controlling interests	(0.7)	0.0	(0.7)	(3.3)	(0.8)	(2.5)
Proceeds from borrowings	300.0	(0.3)	300.3	300.0	20.3	279.7
Repayment of borrowings	(700.5)	(0.9)	(699.6)	(700.7)	(28.2)	(672.5)
Repayment of lease liabilities	(18.7)	(21.1)	2.4	(61.0)	(63.0)	2.1
Net Cash Provided by (Used in) Financing Activities	€ (476.9)	€ (229.4)	€ (247.5)	€ (1,097.1)	€ (549.4)	€( 547.7)

Effect of exchange rate changes on cash and cash equivalents	(76.2)	51.7	(127.9)	(22.6)	(4.4)	(18.2)

Increase (decrease) in cash and cash equivalents	€ (373.8)	€22.7	€ (396.5)	€ 89.4	€ 599.2	€ (509.8)

Cash and cash equivalents at beginning of period	€ 4,031.5	€ 3,345.4		€ 3,568.3	€ 2,769.0
Cash and cash equivalents at end of period	€ 3,657.7	€ 3,368.1		€ 3,657.7	€ 3,368.1

DASSAULT SYSTÈMES
SUPPLEMENTAL NON-IFRS FINANCIAL INFORMATION
IFRS – NON-IFRS RECONCILIATION
(unaudited; in millions of Euros, except per share data and percentages)

Readers are cautioned that the supplemental non-IFRS information presented in this press release is subject to inherent limitations. It is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for IFRS measurements. Also, the Group’s supplemental non-IFRS financial information may not be comparable to similarly titled “non-IFRS” measures used by other companies. Further specific limitations for individual non-IFRS measures, and the reasons for presenting non-IFRS financial information, are set forth in the Group’s Document d’Enregistrement Universel for the year ended December 31, 2023 filed with the AMF on March 18, 2024. To compensate for these limitations, the supplemental non-IFRS financial information should be read not in isolation, but only in conjunction with the Group’s consolidated financial statements prepared in accordance with IFRS.

In millions of Euros, except per share data and percentages	Three months ended September 30,						Change
	2024	Adjustment⁽¹⁾	2024	2023	Adjustment⁽¹⁾	2023	IFRS	Non-IFRS⁽²⁾
	IFRS	Adjustment⁽¹⁾	Non-IFRS	IFRS	Adjustment⁽¹⁾	Non-IFRS	IFRS	Non-IFRS⁽²⁾
Total Revenue	€ 1,463.9	–	€ 1,463.9	€ 1,424.7	–	€ 1,424.7	3%	3%
Revenue breakdown by activity
Software revenue	1,312.4	–	1,312.4	1,286.7	–	1,286.7	2%	2%
Licenses and other software revenue	229.5	–	229.5	246.0	–	246.0	(7)%	(7)%
Subscription and Support revenue	1,082.9	–	1,082.9	1,040.8	–	1,040.8	4%	4%
Recurring portion of Software revenue	83%		83%	81%		81%
Services revenue	151.5	–	151.5	138.0	–	138.0	10%	10%
Software Revenue breakdown by product line
Industrial Innovation	684.6	–	684.6	698.8	–	698.8	(2)%	(2)%
Life Sciences	280.1	–	280.1	283.6	–	283.6	(1)%	(1)%
Mainstream Innovation	347.7	–	347.7	304.2	–	304.2	14%	14%
Software Revenue breakdown by geography
Americas	540.6	–	540.6	513.6	–	513.6	5%	5%
Europe	470.3	–	470.3	490.5	–	490.5	(4)%	(4)%
Asia	301.5	–	301.5	282.7	–	282.7	7%	7%
Total Operating Expenses	€ (1,187.7)	€ 156.5	€ (1,031.2)	€ (1,122.2)	€ 139.5	€ (982.7)	6%	5%
Share-based compensation expense and related social charges	(63.4)	63.4	–	(38.4)	38.4	–
Amortization of acquired intangible assets and of tangible assets revaluation	(88.5)	88.5	–	(93.4)	93.4	–
Lease incentives of acquired companies	(0.4)	0.4	–	(0.7)	0.7	–
Other operating income and expense, net	(4.2)	4.2	–	(7.1)	7.1	–
Operating Income	€ 276.2	€ 156.5	€ 432.6	€ 302.5	€ 139.5	€ 442.0	(9)%	(2)%
Operating Margin	18.9%		29.6%	21.2%		31.0%
Financial income (loss), net	32.1	0.6	32.6	(4.3)	26.8	22.5	N/A	45%
Income tax expense	(68.5)	(15.8)	(84.3)	(54.9)	(38.1)	(93.0)	25%	(9)%
Non-controlling interest	(0.0)	(0.9)	(0.9)	0.1	(0.4)	(0.3)	(117)%	229%
Net Income attributable to shareholders	€ 239.7	€ 140.3	€ 380.1	€ 243.5	€ 127.8	€ 371.3	(2)%	2%
Diluted Earnings Per Share ⁽³⁾	€ 0.18	€ 0.10	€ 0.29	€ 0.18	€ 0.10	€ 0.28	0%	3%

⁽¹⁾ In the reconciliation schedule above, (i) all adjustments to IFRS revenue data reflect the exclusion of the effect of adjusting the carrying value of acquired companies’ contract liabilities (deferred revenue); (ii) adjustments to IFRS operating expense data reflect the exclusion of the amortization of acquired intangible assets and of tangible assets revaluation, share-based compensation expense, including related social charges, lease incentives of acquired companies, as detailed below, and other operating income and expense, net including acquisition, integration and restructuring expenses, and impairment of goodwill and acquired intangible assets; (iii) adjustments to IFRS financial loss, net reflect the exclusion of certain one-time items included in financial loss, net, and; (iv) all adjustments to IFRS income data reflect the combined effect of these adjustments, plus with respect to net income and diluted earnings per share, certain one-time tax effects and the income tax effect of the non-IFRS adjustments.

In millions of Euros, except percentages	Three months ended September 30,								Change
In millions of Euros, except percentages	2024 IFRS	Share-based compensation expense and related social charges	Lease incentives of acquired companies	2024 Non-IFRS	2023 IFRS	Share-based compensation expense and related social charges	Lease incentives of acquired companies	2023 Non-IFRS	IFRS	Non- IFRS
Cost of revenue	(252.9)	3.3	0.1	(249.5)	(238.2)	2.1	0.2	(236.0)	6%	6%
Research and development expenses	(321.0)	20.4	0.2	(300.4)	(299.2)	14.9	0.3	(284.1)	7%	6%
Marketing and sales expenses	(403.7)	18.9	0.0	(384.8)	(381.0)	11.1	0.1	(369.8)	6%	4%
General and administrative expenses	(117.5)	20.8	0.0	(96.6)	(103.2)	10.3	0.0	(92.9)	14%	4%
Total		€ 63.4	€ 0.4			€ 38.4	€ 0.7

⁽²⁾ The non-IFRS percentage increase (decrease) compares non-IFRS measures for the two different periods. In the event there is non-IFRS adjustment to the relevant measure for only one of the periods under comparison, the non-IFRS increase (decrease) compares the non-IFRS measure to the relevant IFRS measure.
⁽³⁾ Based on a weighted average 1,323.1 million diluted shares for Q3 2024 and 1,326.1 million diluted shares for Q3 2023, and, for IFRS only, a diluted net income attributable to the sharehorlders of € 243.2 million for Q3 2024 (€ 243.5 million for Q3 2023). The Diluted net income attributable to equity holders of the Group corresponds to the Net Income attributable to equity holders of the Group adjusted by the impact of the share-based compensation plans to be settled either in cash or in shares at the option of the Group.

DASSAULT SYSTÈMES
SUPPLEMENTAL NON-IFRS FINANCIAL INFORMATION
IFRS – NON-IFRS RECONCILIATION
(unaudited; in millions of Euros, except per share data and percentages)

In millions of Euros, except per share data and percentages	Nine months ended September 30,						Change
	2024	Adjustment⁽¹⁾	2024	2023	Adjustment⁽¹⁾	2023	IFRS	Non-IFRS⁽²⁾
	IFRS	Adjustment⁽¹⁾	Non-IFRS	IFRS	Adjustment⁽¹⁾	Non-IFRS	IFRS	Non-IFRS⁽²⁾
Total Revenue	€ 4,459.3		€ 4,459.3	€ 4,308.0	–	€ 4,308.0	4%	4%
Revenue breakdown by activity
Software revenue	4,011.8		4,011.8	3,883.9	–	3,883.9	3%	3%
Licenses and other software revenue	719.8	–	719.8	735.8	–	735.8	(2)%	(2)%
Subscription and Support revenue	3,292.0		3,292.0	3,148.1	–	3,148.1	5%	5%
Recurring portion of Software revenue	82%		82%	81%		81%
Services revenue	447.6	–	447.6	424.1	–	424.1	6%	6%
Software Revenue breakdown by product line
Industrial Innovation	2,117.9	–	2,117.9	2,070.7	–	2,070.7	2%	2%
Life Sciences	846.6	–	846.6	863.8	–	863.8	(2)%	(2)%
Mainstream Innovation	1,047.4	–	1,047.4	949.5	–	949.5	10%	10%
Software Revenue breakdown by geography
Americas	1,619.7		1,619.7	1,575.2	–	1,575.2	3%	3%
Europe	1,465.4	–	1,465.4	1,426.3	–	1,426.3	3%	3%
Asia	926.6	–	926.6	882.4	–	882.4	5%	5%
Total Operating Expenses	€ (3,583.1)	€ 470.8	€ (3,112.4)	€ (3,447.7)	€ 475.4	€ (2,972.3)	4%	5%
Share-based compensation expense and related social charges	(175.9)	175.9	–	(172.6)	172.6	–
Amortization of acquired intangible assets and of tangible assets revaluation	(274.1)	274.1	–	(284.0)	284.0	–
Lease incentives of acquired companies	(1.5)	1.5	–	(2.1)	2.1	–
Other operating income and expense, net	(19.2)	19.2	–	(16.7)	16.7	–
Operating Income	€ 876.2	€ 470.8	€ 1,347.0	€ 860.3	€ 475.4	€ 1,335.7	2%	1%
Operating Margin	19.6%		30.2%	20.0%		31.0%
Financial income (loss), net	95.5	2.1	97.6	31.1	28.3	59.4	207%	64%
Income tax expense	(184.4)	(83.8)	(268.2)	(171.5)	(112.8)	(284.3)	8%	(6)%
Non-controlling interest	0.9	(2.8)	(1.9)	1.0	(1.2)	(0.2)	(3)%	N/A
Net Income attributable to shareholders	€ 788.2	€ 386.2	€ 1,174.4	€ 720.9	€ 389.7	€ 1,110.7	9%	6%
Diluted Earnings Per Share ⁽³⁾	€ 0.61	€ 0.28	€ 0.89	€ 0.54	€ 0.29	€ 0.84	12%	6%

In millions of Euros, except percentages	Nine months ended September 30,								Change
In millions of Euros, except percentages	2024 IFRS	Share-based compensation expense and related social charges	Lease incentives of acquired companies	2024 Non-IFRS	2023 IFRS	Share-based compensation expense and related social charges	Lease incentives of acquired companies	2023 Non-IFRS	IFRS	Non- IFRS
Cost of revenue	(749.4)	11.2	0.4	(737.8)	(715.1)	12.1	0.6	(702.3)	5%	5%
Research and development expenses	(958.5)	58.7	0.7	(899.1)	(910.8)	65.9	0.9	(844.0)	5%	7%
Marketing and sales expenses	(1,247.7)	55.7	0.2	(1,191.8)	(1,195.2)	52.7	0.4	(1,142.2)	4%	4%
General and administrative expenses	(334.1)	50.3	0.1	(283.7)	(325.9)	42.0	0.1	(283.8)	3%	(0)%
Total		€ 175.9	€ 1.5			€ 172.6	€ 2.1

⁽²⁾ The non-IFRS percentage increase (decrease) compares non-IFRS measures for the two different periods. In the event there is non-IFRS adjustment to the relevant measure for only one of the periods under comparison, the non-IFRS increase (decrease) compares the non-IFRS measure to the relevant IFRS measure.
⁽³⁾ Based on a weighted average 1,327.0 million diluted shares for YTD 2024 and 1,326.8 million diluted shares for YTD 2023, and, for IFRS only, a diluted net income attributable to the shareholders of € 805.5 million for YTD 2024 (€ 720.9 million for YTD 2023). The Diluted net income attributable to equity holders of the Group corresponds to the Net Income attributable to equity holders of the Group adjusted by the impact of the share-based compensation plans to be settled either in cash or in shares at the option of the Group.

1 IFRS figures for 3Q24: total revenue at €1.46 billion, operating margin of 18.9% and diluted EPS at €0.18; IFRS figures for YTD24: total revenue at €4.46 billion, operating margin of 19.6% and diluted EPS at €0.61.

Attachment

Dassault Systemes Third quarter results in-line Anticipating top line acceleration in 4Q Confirming full year EPS objective

The MIL Network –

January 25, 2025

MIL-OSI: EfTEN Real Estate Fund AS unaudited results for 3rd quarter and nine months of 2024

Source: GlobeNewswire (MIL-OSI)

The decrease in euro interest rates is quietly increasing transaction activity on the Baltic real estate market and has a positive effect on the financial results of EfTEN Real Estate Fund AS. Thus, in the third quarter of 2024, the fund’s consolidated interest expense decreased by more than 60 thousand euros compared to the previous quarter. From the transactions perspective, the third quarter was the most active in recent years – the Fund’s subsidiary EfTEN Tähesaju tee OÜ sold the Tähesaju Hortes property, and the fund established two new 100% subsidiaries to acquire the logistics centers Paemurru and Härgmäe respectively in Tallinn and Harjumaa. The acquisition cost of the two new properties will be almost 15 million euros upon their final completion. In the third quarter of this year, the construction work was completed and the ERM elderly care home was also opened next to Tartu.

A further decline in interest rates is expected. This has already had a positive effect on listed share and bond prices of real estate sector companies on the Scandinavian stock exchange. In the wake of these developments, banks with Nordic owners operating in the Baltics are again looking more positively at financing the real estate sector. According to the fund manager, this creates a good basis for overcoming the decline of the past few years in the Baltic commercial real estate market. However, since local major real estate investors lack capital at the moment and there is no sign of foreign investors entering the local market, the recovery will not be quick. The market still remains a so-called buyer’s market, where it is possible to acquire high-quality property at a good price level. For this reason, the fund announced its intention to launch a new share issue in the fall of 2024, with the aim of raising additional equity of up to a maximum of EUR 30 million. At the extraordinary general meeting held on 16 October 2024, the shareholders granted the supervisory board and management the necessary authorizations to organize the share issue.

Financial overview

The consolidated sales revenue of EfTEN Real Estate Fund AS for the third quarter of 2024 was 8.006 million euros (2023 third quarter: 7.965 million euros). The consolidated sales revenue of EfTEN Real Estate Fund AS for the 9 months of 2024 was 23.924 million euros (2023: 23.714 million euros). The Group’s net rental income in the 9 months of 2024 was a total of 22.203 million euros (2023: 22.201 million euros). The group’s net profit in the same period was 10.104 million euros (2023: 6.880 million euros).

The consolidated net rental income margin was 93% (2023: 94%) in the 9 months of 2024, so costs directly related to property management (including land tax, insurance, maintenance and improvement costs) and distribution costs constituted 7% (2023: 6%) of sales revenue.

The volume of the Group’s assets as of 30.09.2024 was 377,723 million euros (31.12.2023: 380.944 million euros), of what the fair value of investment properties made up 96% (31.12.2023: 94%).

Investment portfolio

As of the end of September 2024, the Group owns 34 (31 December 2023: 35) commercial investment properties, with a fair value of EUR 358.577 million as of the balance sheet date (31 December 2023: EUR 357.916 million) and an acquisition cost of EUR 356.156 million (31 December 2023: EUR 354.408 million). In addition, in September 2024, the Group entered into purchase agreements for the Härgmäe and Paemurru logistics centers, making advance payments under the agreements totaling EUR 2.173 million. After the balance sheet date, in October 2024, the Group’s subsidiary signed a real rights contract for the Härgmäe property, paying an additional EUR 8.3 million for the investment property on top of the previously made advance payment (a total of EUR 8.8 million).

In September 2024, the Group sold the Tähesaju Hortese property for EUR 4.675 million.

In addition to the investment properties held by the subsidiaries of the fund, the Group also holds a 50% stake in the joint venture that owns the Palace Hotel in Tallinn, with a fair value of EUR 8.543 million as of 30 September 2024 (31 December 2023: EUR 9.0 million).

In the 9 months of 2024, the group earned a total of 23.043 million euros in rental income, which is 1% more than at the same time in 2023. Rental income increased the most in shopping centers. In the office segment, rental income decreased mainly due to the expiration of the lease agreement with the anchor tenant in the Menulio 11 office building in Vilnius.

As of 30.09.2024, the vacancy of investment properties belonging to the Group was 3.2% (31.12.2023: 2.6%). The largest vacancy is in the office segment (13.1%), where it takes longer than before to fill vacant rental premises.

Financing

During the 9 months of 2024, the Fund’s subsidiaries EfTEN Autokeskus OÜ and EfTEN Jurkalne SIA extended their loan agreements. In the next 12 months, the loan agreements of two subsidiaries of the Group will expire, the balance of which as of 30.09.2024 is 8,025 thousand euros in total. The LTV of the expiring loan agreements is 28.3% and 46.5%, and both investment property have a stable rental cash flow, therefore, according to the management of the Group, there are no obstacles to the extension of the loan agreements.

The weighted average interest rate of the Group’s loan agreements is 5.35% as of 30.09.2024 (31.12.2023: 5.91%) and the LTV (Loan to Value) is 41% (31.12.2023: 42%). All loan agreements of the Fund’s subsidiaries are linked to a floating interest rate.

After the balance sheet date, in October 2024, the Group entered into two loan agreements related to the purchase of the Härgmäe logistics center, with a total amount of EUR 7.3 million. This includes a loan agreement for EUR 2.8 million with an interest rate of 2.5% + 6-month EURIBOR, maturing on 31 December 2024, and a loan agreement for EUR 4.5 million with an interest rate of 1.8% + 6-month EURIBOR, maturing on 27 September 2029.

Information on shares

The net value of the share of EfTEN Real Estate Fund AS as of 30.09.2024 was 20.15 euros (31.12.2023: 20.21 euros). The net value of the share of EfTEN Real Estate Fund AS decreased by 0.3% in the 9 months of 2024. In April 2024, the Fund paid dividends in the total amount of 10.82 million euros. Without profit distribution, the net value of EfTEN Real Estate AS shares would have increased by 4.6% during the nine months of the year.

As of 30.09.2024, the Fund has 10,819,796 shares.

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

	III quarter		9 months
	2024	2023	2024	2023
€ thousands
Revenue	8,006	7,965	23,924	23,714
Cost of services sold	-473	-363	-1,232	-1,120
Gross profit	7,533	7,602	22,692	22,594

Marketing costs	-111	-105	-489	-393
General and administrative expenses	-860	-841	-2,679	-2,568
Profit / loss from the change in the fair value of investment property	-415	0	-1,869	-6,182
Other operating income and expense	-41	10	45	23
Operating profit	6,106	6,666	17,700	13,474

Profit / loss from joint ventures	83	84	-171	-25
Interest income	51	77	216	97
Other finance income and expense	-2,171	-2,156	-6,644	-5,693
Profit before income tax	4,069	4,671	11,101	7,853

Income tax expense	-215	-236	-997	-973
Net profit for the reporting period	3,854	4,435	10,104	6,880
Total consolidated profit for the reporting period	3,854	4,435	10,104	6,880
Earnings per share
– basic	0.36	0.41	0.93	0.64
– diluted	0.36	0.41	0.93	0.64

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

	30.09.2024	31.12.2023
€ thousands
ASSETS
Cash and cash equivalents	10,637	14,712
Current deposits	2,142	3,400
Receivables and accrued income	1,603	2,360
Prepaid expenses	200	106
Total current assets	14,582	20,578

Non-current receivables	355	214
Shares in joint ventures	1,907	2,078
Investment property	360,750	357,916
Property, plant, and equipment	129	158
Total non-current assets	363,141	360,366
TOTAL ASSETS	377,723	380,944

LIABILITIES AND EQUITY
Borrowings	13,809	16,907
Payables and prepayments	3,110	3,417
Total current liabilities	16,919	20,324

Borrowings	132,094	130,849
Other non-current liabilities	1,832	1,790
Deferred income tax liability	8,896	9,283
Total non-current liabilities	142,822	141,922
Total liabilities	159,741	162,246

Share capital	108,198	108,198
Share premium	84,721	84,721
Statutory reserve capital	2,799	2,749
Retained earnings	22,264	23,030
TOTAL EQUITY	217,982	218,698
TOTAL LIABILITIES AND EQUITY	377,723	380,944

Marilin Hein
CFO
Phone +372 6559 515
E-mail: marilin.hein@eften.ee

Attachment

EREF_9kuud_vahearuanne_2024eng

The MIL Network –

January 25, 2025

MIL-OSI China: Scientific payloads of China’s first reusable, returnable satellite delivered to users

Source: People’s Republic of China – State Council News

Scientific payloads of China’s first reusable, returnable satellite delivered to users

BEIJING, Oct. 24 — The scientific payloads for space breeding and other sci-tech experiments carried by China’s first reusable and returnable satellite, Shijian-19, were delivered to Chinese and foreign users on Thursday.

At the payloads handover ceremony held by the China National Space Administration (CNSA) in Beijing on Thursday, the CNSA and the China Aerospace Science and Technology Corporation signed payload delivery certificates with domestic and international users, including those from Thailand and Pakistan.

Bian Zhigang, deputy head of CNSA, said the Shijian-19 mission fully leverages the advantages of the new generation retrievable space experiment platform, conducting space breeding experiments of about 1,000 species of germplasm resources, providing crucial support for the innovation of germplasm resources in China. The mission has also offered a valuable in-orbit validation opportunity for domestically produced components and raw materials.

The Shijian-19 satellite was sent into orbit from the Jiuquan Satellite Launch Center in northwest China on Sept. 27, and was successfully retrieved at the Dongfeng landing site in north China’s Inner Mongolia Autonomous Region on Oct. 11.

MIL OSI China News –

January 25, 2025
MIL-OSI USA: Justice Department Announces Four Cases Brought by Election Threats Task Force

Source: US State of North Dakota

The Justice Department’s Election Threats Task Force (ETTF) announced developments this week in four cases involving interstate transmissions of threats to election personnel and other victims.

Teak Brockbank, 45, of Cortez, Colorado, pleaded guilty today to threatening a Colorado election official and making other threats to an Arizona election official, a Colorado state judge, and federal law enforcement agents between September 2021 and July 2024.

Brian Jerry Ogstad, 60, of Cullman, Alabama, was sentenced on Monday to 30 months in prison for sending messages threatening violence to election workers with Maricopa County Elections in Phoenix from Aug. 2-4, 2022, during and immediately following the Arizona primary elections.

Richard Glenn Kantwill, 61, of Tampa, Florida, was charged on Monday for allegedly sending a threat on Feb. 9 to an election official in addition to already pending charges for threats made to three other victims based on their political commentary in 2019 and 2020.

John Pollard, 62, of Philadelphia, was charged on Monday for allegedly threatening on Sept. 6 to kill a representative of a Pennsylvania state political party who was recruiting official poll watchers.

“As we approach Election Day, the Justice Department’s warning remains clear: anyone who illegally threatens an election worker, official, or volunteer will face the consequences,” said Attorney General Merrick B. Garland. “Over the past three and a half years, the Justice Department has been aggressively investigating and prosecuting those who threaten the public servants who administer our elections, and we will continue to do so in the weeks ahead. For our democracy to function, Americans who serve the public must be able to do their jobs without fearing for their lives.”

“Threats to election workers are threats to our democratic process,” said Deputy Attorney General Lisa Monaco. “No one should face violence or threats of violence simply for doing their job. The actions announced today make clear that we will not tolerate those who use or threaten violence in an effort to undermine our democratic institutions. To carry out their essential work, election officials must be free from improper influence, physical threats, and others forms of intimidation.”

“Our elections are made by possible by the hard work and patriotism of election workers in communities across the country who are also our neighbors, relatives and friends, and they deserve to do this important work without being subjected to threats,” said FBI Director Christopher Wray. “The fact that election workers need to be worried about their security is incomprehensible and unacceptable. While these four cases are examples of the kinds of threats election workers are unfortunately facing, these cases also represent the FBI’s dedication in holding accountable those who undermine our democracy with this conduct. The FBI and our partners on the ETTF will work tirelessly to charge and arrest those callous enough to make these threats and make sure they are held accountable. Free, fair, and safe elections are critical to our country and our democratic ideals.”

“These defendants made serious threats of violence against members of the election community. Threats like these strike at the very heart of our democracy,” said Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division. “The cases announced today underscore the Criminal Division’s commitment to defending our democracy, safeguarding our elections, and protecting all election workers. Through the ETTF, the Department will vigorously investigate and prosecute all criminal threats against members of the election community.”

The four cases were all brought by the ETTF. Created by Attorney General Merrick B. Garland and launched by Deputy Attorney General Lisa Monaco in June 2021, the task force has led the Department’s efforts to address threats of violence against election workers, and to ensure that all election workers — whether elected, appointed, or volunteer — are able to do their jobs free from threats and intimidation. The task force engages with the election community and state and local law enforcement to assess allegations and reports of threats against election workers, and has investigated and prosecuted these matters where appropriate, in partnership with FBI Field Offices and U.S. Attorneys’ Offices throughout the country. Three years after its formation, the task force is continuing this work and supporting U.S. Attorneys’ Offices and FBI Field Offices nationwide as they join the task force in its critical work.

Under the leadership of the Attorney General and the Deputy Attorney General, the task force is led by the Criminal Division’s Public Integrity Section (PIN) and includes several other entities within the Justice Department, including the Criminal Division’s Computer Crime and Intellectual Property Section, Civil Rights Division, National Security Division, and FBI, as well as key interagency partners, such as the Department of Homeland Security and U.S. Postal Inspection Service. For more information regarding the Justice Department’s efforts to combat threats against election workers, read the Deputy Attorney General’s memo.

United States v. Brockbank (District of Colorado)

According to court documents, Brockbank admitted to using three social media accounts to post messages threatening Colorado and Arizona election officials between September 2021 and July 2024.

On Sept. 22, 2021, Brockbank posted the following message on social media:

“[Election Official-1] . . . needs to- No has to Hang she has to Hang by the neck till she is Dead Dead Dead. There will be accountability for these peoples actions in Communist Colorado and it won’t be judges and it won’t be weakmided cops that bring it!!! It will be Me it will be You it Will be every day people that understand that there life does not matter anymore with the future our country has laid out before it.”

As part of his plea, Brockbank also admitted to posting a message on Aug. 4, 2022, referring to election officials in Arizona and Colorado, saying: “Once those people start getting put to death then the rest will melt like snowflakes and turn on each other. . . . This is the only way. So those of us that have the stomach for what has to be done should prepare our minds for what we all [a]re going to do!!!!!! It is time.”

In addition, Brockbank admitted to posting a message threatening a Colorado state judge on Oct. 2, 2021, saying: “I could pick up my rifle and I could go put a bullet in this Mans head and send him to explain himself to our Creator right now. I would be Justified!!! Not only justified but obligated by those in my family who fought and died for the freedom in this country. . . . What can I do other than kill this man my self?”

Brockbank further admitted to threatening federal law enforcement on July 13, posting: “I believe every single FBI agent deserves to go explain themselves to our creator right away!!!! I am more than willing to send any/All of you there.”

Finally, Brockbank admitted to illegally possessing multiple firearms and ammunition.

“The security and sanctity of the American election system is core to the foundation of our Democracy,” said Acting U.S. Attorney Matt Kirsch for the District of Colorado. “We will prosecute people who threaten elections, election officials, or election workers to the fullest extent of the law.”

Brockbank pleaded guilty today to interstate transmission of a threat. He is scheduled to be sentenced on Feb. 3, 2025, and faces a maximum penalty of five years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

The FBI Denver Field Office is investigating the case.

Acting Deputy Director Jonathan E. Jacobson of PIN’s Election Crimes Branch and Assistant U.S. Attorney Cyrus Y. Chung for the District of Colorado are prosecuting the case.

United States v. Ogstad (District of Arizona)

According to court documents, on or about Aug. 2, 2022, Arizona held primary elections for federal and state officeholders, including a gubernatorial primary election that received nationwide media coverage. From the day of the election through on or about Aug. 4, 2022, Ogstad sent multiple threatening direct messages to a social media account maintained by Maricopa County Elections. For instance, on or about Aug. 3, 2022, Ogstad stated: (1) “You did it! Now you are f*****.. Dead. You will all be executed for your crimes”; (2) F*** you! You are caught! They have it all. You f****** are dead”; (3) “You are lying, cheating m****** f******* . . . you better not come in my church, my business or send your kids to my school. You are f****** stupid if you think your lives are safe”; and (4) “You f****** are so dead.” On or about Aug. 4, 2022, Ogstad also stated, “[Y]ou people are so ducking stupid. Everyone knows you are lots, cheats, frauds and in doing so in relation to elections have committed treason. You will all be executed. Bang f******!” In the course of his messages to the recipient, Ogstad transmitted an image of the character “Woody,” from the Toy Story film franchise, lying face down with an unidentified projectile in its back.

“In this election season we honor and respect those public servants who enable Americans to exercise their constitutional right to vote,” said U.S. Attorney Gary Restaino for the District of Arizona. “And we seek to protect all election workers from intimidation and harassment. Threats of violence, whether conveyed by words or deeds or pictures, will be met in this District with robust prosecution.”

Ogstad was sentenced on Monday to 30 months in prison, followed by three years of supervised release and a $1,000 fine, after pleading guilty on July 25 to one count of interstate transmission of a threat.

The FBI Phoenix Field Office investigated the case, with substantial assistance from the FBI Birmingham Field Office.

Trial Attorney Tanya Senanayake of the National Security Division’s Counterterrorism Section and Assistant U.S. Attorney Mary Sue Feldmeier for the District of Arizona prosecuted the case.

United States v. Kantwill (Middle District of Florida)

According to court documents, from September 2019 to July 2020, Kantwill, a dentist, sent over 100 threats to various public figures via Facebook and Instagram messages, email, and text. As charged in the superseding information filed on Monday, those threats included a threat sent via email to an author, a threat sent via text to a religious leader, and a threat sent via Instagram to a television personality. From April 2022 to April 2024, Kantwill also sent at least seven additional threats to four public figures via Facebook, including a threat to an election official in another state on Feb. 9, when Kantwill wrote: “You are a degenerate c***. and you are now the target of our own investigation. Take note because liberal t***s like you get raped in alleys, by really big black guys that serve our cause. So, you t*** are going to get raped by at least 5 n*****s, and do nothing. You are the number 1 target, you degenerate t***.”

“If you threaten someone with violence, we will take you at your word,” said U.S. Attorney Roger Handberg for the Middle District of Florida. “Law enforcement officers and members of my office will work together to hold accountable and federally prosecute individuals who threaten to injure or kill others.”

Kantwill is charged with four counts of interstate transmission of a threat. If convicted, he faces a maximum penalty of five years in prison for each count. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

The FBI is investigating the case.

Trial Attorney Aaron L. Jennen of PIN and Assistant U.S. Attorney Abigail K. King for the Middle District of Florida are prosecuting the case, with assistance from Assistant U.S. Attorney Cyrus Y. Chung for the District of Colorado.

United States v. Pollard (Western District of Pennsylvania)

According to the indictment, on Sept. 6, Pollard sent threatening text messages to Victim 1, a resident of the Western District of Pennsylvania. Victim 1 had previously posted online, in Victim 1’s capacity as an employee of a state political party, that Victim 1 was recruiting volunteers to “help[] observe at the polls on Election Day” and included Victim 1’s phone number. Pollard allegedly texted Victim 1 that he was “interested in being a poll watcher” and included Victim 1’s first name. Pollard then allegedly texted three threats to Victim 1: (1) “I will KILL YOU IF YOU DON’T ANSWER ME!”; (2) “Your days are numbered, B****!”; and (3) “GONNA F***ING FIND YOU AND SKIN YOU ALIVE AND USE YOUR SKIN FOR F***ING TOILET PAPER, YOU F***ING KKK**T!”

“Threats of violence have no place in our society,” said U.S. Attorney Eric G. Olshan for the Western District of Pennsylvania. “This is no less true when those threats of violence are directed at individuals associated with our electoral process — in this case, someone seeking to organize poll watchers. This conduct will not be tolerated in our district, and we will continue to work with our partners at the FBI to prosecute these offenses with the full weight of the law.”

Pollard was arrested on Monday and appeared in federal court in Philadelphia. He is charged with one count of interstate transmission of a threat. If convicted, he faces a maximum penalty of five years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

The FBI Pittsburgh Field Office is investigating the case.

Trial Attorney Jacob R. Steiner of PIN and Assistant U.S. Attorney Nicole A. Stockey for the Western District of Pennsylvania are prosecuting the case, with assistance from the U.S. Attorney’s Office for the Eastern District of Pennsylvania.

*****

An indictment or information is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

To report suspected threats or violent acts, contact your local FBI office and request to speak with the Election Crimes Coordinator. Contact information for every FBI field office may be found at www.fbi.gov/contact-us/field-offices/. You may also contact the FBI at 1-800-CALL-FBI (225-5324) or file an online complaint at tips.fbi.gov/home. Complaints submitted will be reviewed by the task force and referred for investigation or response accordingly. If someone is in imminent danger or risk of harm, contact 911 or your local police immediately.

MIL OSI USA News –

January 25, 2025
MIL-OSI USA: Former Federal Employee Pleads Guilty to Mishandling Classified Materials

Source: US State of North Dakota

Margaret Anne Ashby, 26, of Henderson, Nevada, pleaded guilty today for mishandling sensitive documents as a former employee of a Department of Defense component agency.

As described in the plea agreement, starting in March 2020, Ashby was a civilian employee of a Department of Defense component agency located in the Southern District of Georgia, and during this time held a top secret security clearance as required for her employment.

From February 2022 to May 2022, Ashby, without authority, knowingly removed documents and materials containing classified information “concerning the national defense or foreign relations of the United States . . . with the intent to retain them at unauthorized locations, including her residence in the Southern District of Georgia and in digital files saved via a personal computing device located in the Southern District of Georgia.”

A sentencing date has not yet been set. Ashby faces a maximum penalty of five years in prison and three years of supervised release for mishandling sensitive documents, along with substantial financial penalties. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

Assistant Attorney General Matthew G. Olsen of the Justice Department’s National Security Division, U.S. Attorney Jill E. Steinberg for the Southern District of Georgia, and Robert Wells of the FBI National Security Branch announced the case.

The FBI investigated the case.

Assistant U.S. Attorneys L. Alexander Hamner and Darron J. Hubbard for the Southern District of Georgia and Trial Attorney David J. Ryan of the National Security Division’s Counterintelligence and Export Control Section are prosecuting the case.

MIL OSI USA News –

January 25, 2025
MIL-OSI USA: California Man Charged with Weapon of Mass Destruction Offense in Connection with Bomb Attack in Lobby of County Courthouse

Source: US State of North Dakota

A three-count federal grand jury indictment was returned today charging Nathaniel James McGuire, 20, of Santa Maria, California, with committing a bomb attack at a courthouse in Santa Maria in which several people were injured. McGuire’s arraignment is scheduled for Oct. 25 in the Central District of California.

According to the indictment and criminal complaint, on Sept. 25, McGuire entered a courthouse of Santa Barbara County Superior Court and threw a bag into the lobby. The bag exploded and McGuire left the courthouse on foot. The explosion injured at least five people who were near the bomb when it exploded.

Shortly thereafter, McGuire was apprehended and detained by law enforcement officials as he was trying to access a red Ford Mustang car parked outside the building. McGuire allegedly yelled that the government had taken his guns and that everyone needed to fight, rise up, and rebel.

Inside the car, a deputy saw ammunition, a flare gun, and a box of fireworks. A search of the car revealed a shotgun, a rifle, more ammunition, a suspected bomb, and 10 Molotov cocktails. Law enforcement later rendered the bomb safe. McGuire told law enforcement he intended to re-enter the courthouse with the firearms in order to kill a judge.

A search of McGuire’s residence revealed an empty can with nails glued to the outside, a duffel bag containing matches, black powder, used and unused fireworks, and papers that appeared to be recipes for explosive material.

McGuire was charged with one count of using a weapon of mass destruction, one count of maliciously damaging a building by means of explosive, and one count of possessing unregistered destructive devices. McGuire has been in custody since his arrest in September, shortly after the attack.

If convicted of all charges, McGuire faces a mandatory minimum penalty of seven years in prison and a statutory maximum penalty of life in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

Assistant Attorney General Matthew G. Olsen of the Justice Department’s National Security Division, U.S. Attorney Martin Estrada for the Central District of California, and Executive Assistant Director Robert Wells of the FBI’s National Security Branch announced the case.

The FBI is investigating the case.

Assistant U.S. Attorneys Mark Takla and Kathrynne N. Seiden for the Central District of California are prosecuting this case with substantial assistance from Trial Attorney Patrick Cashman of the National Security Division’s Counterterrorism Section.

An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

MIL OSI USA News –

January 25, 2025

MIL-OSI: TRAINERS’ HOUSE GROUP INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2024

Source: GlobeNewswire (MIL-OSI)

TRAINERS’ HOUSE GROUP, STOCK EXCHANGE RELEASE, 24 OCTOBER 2024 at 8:30

January-September 2024 in brief

net sales EUR 5.9 million (EUR 6.5 million), change of -9.7 % compared to the corresponding period of the previous year
operating result EUR 0.1 million (EUR 0.1 million), 1.1 % of net sales (1.0 %)
cash flow from operations EUR 0.1 million (EUR 0.1 million)
earnings per share EUR 0.03 (EUR 0.04)

July-September 2024 in brief

net sales EUR 1.6 million (EUR 1.6 million), change of -1.2 % compared to the corresponding period of the previous year
operating result EUR -0.1 million (EUR -0.1 million), -9.4 % of net sales (-6.7 %)
cash flow from operations EUR -0.3 million (EUR -0.2 million)
earnings per share EUR -0.07 (EUR -0.05)

Key figures at the end of third quarter of 2024

cash and cash equivalents EUR 1.1 million (EUR 1.5 million)
interest-bearing liabilities of EUR 0.7 million (EUR 0.3 million) and interest-bearing net debt of EUR -0.4 million (EUR -1.3 million).
equity ratio 65.2 % (65.3 %)

OUTLOOK FOR 2024

The company estimates the operating profit for 2024 to be negative.

CEO ARTO HEIMONEN

Despite the challenging market conditions, the company’s year-to-date result is slightly profitable at the end of the third quarter.

Due to the holiday season, the third quarter of Trainers’ House is actually two months long from the point of view of revenue accumulation.

Customer activity and customer satisfaction remained at a high level. Acquiring new assignments succeeded moderately. The productivity of encounter marketing business increased.

Healthy cash flow and profitability are the company’s most important business goals in 2024 as well.

The purpose of Trainers’ House is to help people forward. This is possible by touching people, electrifying management and producing verifiable results.

Thanks to customers, employees, and partners.

More information:
Arto Heimonen, CEO, +358 404 123 456
Saku Keskitalo, CFO, +358 404 111 111

OPERATIONAL REVIEW

During the review period, the company focused on serving its customers.

FINANCIAL PERFORMANCE

Net sales for the reporting period were EUR 5.9 million (EUR 6.5 million). Operating result was EUR 0.1 million, 1.1 % of net sales (EUR 0.1 million, 1.0 %). The result for the period was EUR 0.1 million, 1.1 % of net sales (EUR 0.1 million, 1.2 %).

The breakdown of the Group’s figures (unit thousand euros) is presented in the following table:

Group’s main figures (kEUR)	1-9/2024	1-9/2023
Net sales	5 907	6 541
Expenses:
Expenses arising from employee benefits	-3 947	-4 339
Other expenses	-1 635	-1 729
EBITDA	325	473
Depreciation and impairment losses	-259	-405
EBIT	66	68
EBIT, % of net sales	1.1	1.0
Financial income and expenses	-15	8
Result before taxes	51	76
Income taxes	14	4
Result of the period	65	80
Result, % of net sales	1.1	1.2

LONG-TERM OBJECTIVES

The company’s long-term goal is profitable growth.

FINANCING, INVESTMENTS AND SOLVENCY

Cash flow and key financing figures (unit million euros)	1-9/2024	1-9/2023
Cash flow from operations before financial items	0.2	0.1
Cash flow from operations	0.1	0.1
Cash flow from investments	0.0	0.1
Cash flow from financing	-0.2	-0.9
Total cash flow	-0.1	-0.7

	9/2024	9/2023
Cash	1.1	1.5
Interest-bearing debt	0.7	0.3
Equity ratio %	65.2	65.3

MAJOR RISKS AND UNCERTAINTIES

Trainers’ House’s business is sensitive to economic fluctuations.

The general economic situation internationally and in Finland contains significant risks. The war in Europe and Middle East, the tense world political situation and the possible expansion of the crisis can cause rapid changes in the operating environment.

Possible world trade restrictions and changes in the world political situation affect the exports of Finnish companies, which is reflected in the demand of the domestic market. The demand in domestic market will also diminish due to public cost-cuttings and tax increases. The change in domestic market demand directly affects Trainers’ House’s business.

Compared to the level of the last decade, the high interest rate has a negative effect on economic activity. Inflation can also accelerate due to, for example, escalation of world political crises.

The constant competition for the best employees affects recruitment and the commitment of key personnel. From the company’s point of view, the labor market situation has eased over the past year.

The above-mentioned risks, when realized alone or together, have a significant impact on the company’s operations.

The company divides the risk factors affecting business, earnings, and market capitalization into five main categories: market and business risks, personnel-related risks, technology and information security risks, financial risks, and legal risks.

Trainers’ House has sought to hedge against the adverse effects of other risks with comprehensive insurance policies. These include statutory insurance, liability and property insurance and legal expenses insurance. Insurance coverage, insurance values and deductibles are reviewed annually together with the insurance company.

The Management Team reports to the Board on a monthly basis on key business-related risks and, where necessary, risk management measures.

The Group has the reporting systems required for effective business monitoring. Internal control is linked to the company’s vision, strategic goals and the business goals set on the basis of them.

The realization of business objectives and the Group’s financial development are monitored on a monthly basis through the Group’s corporate governance system. As an essential part of the control system, actual data and up-to-date forecasts are reviewed monthly by the Group Management Team. The control system includes, among other things, sales reporting, an income statement, a rolling revenue and profit forecast, and key figures that are important to operations.

Trainers’ House is an expert organization. The magnitude of market and business risks is difficult to determine. Typical risks in this area are related to, for example, general economic development, customer distribution, technology choices, the development of competition and the management of personnel costs.

Risks are managed through the planning and regular monitoring of sales, human resources, and operating expenses, which enables rapid action when circumstances change. The risks of trade receivables have been taken into account by the recognition of expenses based on the age of the receivables and individual risk analyzes.

The goal of Trainers’ House’s financial risk management is to secure the availability of equity and debt financing on competitive terms and to reduce the impact of adverse market movements on the company’s operations.

Financial risks are divided into four categories, which are liquidity, interest rate risks, currency risks and credit risks. Each risk is monitored separately. Liquidity and interest rate risks are reduced with sufficient cash resources and efficient collection of receivables. Currency risks are low as Trainers’ House operates primarily in the euro market. In financial risk management, the focus is on liquidity.

The success of Trainers’ House as an expert organization depends on its ability to attract and retain skilled staff. In addition to a competitive salary, personnel risks are managed through incentive schemes and investments in personnel training, career opportunities and general well-being.

Technology is a key part of Trainers’ House’s business. Technology risks include, but are not limited to, supplier risk, risks related to internal systems, challenges posed by technological change, and security risks. Risks are protected against long-term cooperation with technology suppliers, appropriate security systems, staff training and regular security audits.

Trainers’ House’s legal risks are mainly focused on the contractual relationship between the company and customers or service providers. At their most typical, they relate to delivery responsibility and the management of intellectual property rights. In order to manage the risks related to contracts and intellectual property rights, the company has internal guidelines for contractual procedures. In the company’s view, the contractual risks are not unusual.

At the end of the review period, goodwill and other intangible assets recognized in the balance sheet have been tested in the normal way. The test did not reveal any need for impairment.

The consolidated balance sheet of Trainers’ House has goodwill of EUR 2.1 million. The balance sheet value of other intangible assets is EUR 1.0 million. If the Group’s profitability does not develop as forecasted or other external factors independent of the Group’s operations, such as interest rates, change significantly, it is possible that goodwill and other intangible assets will have to be written off. Recognition of an impairment loss would have no effect on the Group’s cash flow.

Due to the project nature of the operations, the order backlog is short, and predictability is therefore challenging.

The description of potential risks is not comprehensive. Trainers’ House conducts continuous risk assessment in connection with its operations and strives to hedge against identified risks.

Investors have also been informed about the risks in the company’s annual review and on the website at www.trainershouse.fi.

PERSONNEL

At the end of the review period, the Group had 107 (111) employees. As before, the company reports the number of employees converted to full-time employees.

DECISIONS REACHED AT THE ANNUAL GENERAL MEETING

The annual general meeting of Trainers’ House Plc was held on 27 March 2024 in Helsinki.

The annual general meeting confirmed the financial statements and discharged CEO and the members of the Board of Directors from liability for the fiscal year 1 January – 31 December 2023. The annual general meeting also decided to adopt the remuneration policy of the governing bodies.

The annual general meeting decided, in accordance with the board’s proposal, that the company does not distribute a dividend from 2023.

Aarne Aktan, Jari Sarasvuo, Jarmo Hyökyvaara, Elma Palsila and Emilia Tauriainen were re-elected as members of the Board of Directors. In the board meeting held after the annual general meeting, the Board of Directors elected Jari Sarasvuo as the chairperson of the board.

The annual general meeting decided that the board member’s remuneration shall be EUR 1,500 per month and the chairperson’s remuneration will be EUR 3,500 per month.

Grant Thornton Oy was elected as the company’s auditor. The remuneration to the auditor is paid according to the auditor’s reasonable invoice.

SHARES AND SHARE CAPITAL

The company’s share is listed on Nasdaq Helsinki Ltd under the name Trainers’ House Plc (TRH1V).

At the end of the reporting period, Trainers’ House Plc had 2,147,826 shares and a registered share capital of EUR 880,743.59. The company does not hold any of its own shares. There have been no changes in the share capital during the period.

Share performance and trading

	1-9/2024	1-9/2023
Traded shares, pcs	203 608	213 827
Average number of all company shares, %	9.5	10.0
Traded shares, EUR	576 890	1 013 869
Highest share quotation	4.88	6.12
Lowest share quotation	2.07	3.38
Closing price	2.27	3.73
Weighted average price	2.83	4.74
Market capitalization	4.9 mil.	8.0 mil.

SUMMARY OF FINANCIAL STATEMENTS AND NOTES

The report has been prepared in accordance with IAS 34 standard. The report has been prepared in accordance with IFRS standards and interpretations that have been approved for application in the EU and are in force on 1 January 2024.

In this interim report Trainers’ House has followed the same accounting policies and calculation methods as in the 2023 annual financial statements.

The figures given in the interim report are unaudited.

INCOME STATEMENT IFRS (kEUR)	1-9/2024	1-9/2023	1-12/2023
NET SALES	5 907	6 541	8 437
Expenses:
Materials and services	-286	-308	-391
Personnel-related expenses	-3 947	-4 339	-5 691
Depreciation and impairment losses	-259	-405	-531
Other operating expenses	-1 348	-1 420	-1 925
Total expenses	-5 841	-6 473	-8 538
Operating result	66	68	-101
Financial income and expenses	-15	8	6
Result before taxes	51	76	-95
Income taxes	14	4	4
RESULT OF THE PERIOD	65	80	-91
Result attributable to owners of the parent company	65	80	-91
Earnings per share, EUR	0.03	0.04	-0.04
Earnings per share attributable to owners of the parent company, EUR	0.03	0.04	-0.04

BALANCE SHEET IFRS (kEUR)	9/2024	9/2023	12/2023
ASSETS
Non-current assets
Tangible assets	704	430	961
Goodwill	2 129	2 129	2 129
Other intangible assets	1 013	1 025	1 013
Long-term receivables
Other receivables, long-term	105	138	138
Deferred tax receivables	218	204	202
Total long-term receivables	324	342	341
Total non-current assets	4 170	3 926	4 443

Current assets
Account receivables and other receivables	1 002	942	783
Cash and cash equivalents	1 120	1 533	1 175
Total current assets	2 122	2 475	1 958
TOTAL ASSETS	6 292	6 400	6 401

SHAREHOLDERS’ EQUITY AND LIABILITIES	9/2024	9/2023	12/2023
Equity attributable to the owners of the parent company
Share capital	881	881	881
Distributable non-restricted equity fund	37	37	37
Retained earnings	3 021	3 111	3 111
Result of the period	65	80	-91
Total shareholders’ equity	4 004	4 109	3 939
Long-term liabilities
Deferred tax liabilities	203	205	203
Long-term financial liabilities	420	58	631
Total long-term liabilities	622	263	833
Short-term liabilities
Short-term financial liabilities	280	216	197
Accounts payable and other liabilities	1 386	1 812	1 432
Total short-term liabilities	1 666	2 028	1 629
Total liabilities	2 288	2 291	2 462
TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES	6 292	6 400	6 401

CASH FLOW STATEMENT IFRS (kEUR)	1-9/2024	1-9/2023	1-12/2023
CASH FLOW FROM OPERATIONS
Result of the period	65	80	-91
Adjustments	263	435	570
Changes in working capital	-169	-398	-257
Cash flow from operations before financial items and taxes	158	117	222
Financial items and taxes paid	-22	-13	-16
CASH FLOW FROM OPERATIONS	137	104	206
CASH FLOW FROM INVESTMENTS
Investments in tangible and intangible assets	-3	-12	-12
Repayment of loan receivables	17	42	42
Interests received	5	21	21
CASH FLOW FROM INVESTMENTS	18	51	51
CASH FLOW FROM FINANCING
Repayment of lease liabilities	-128	-272	-363
Dividends paid	-82	-597	-966
CASH FLOW FROM FINANCING	-210	-869	-1 329
TOTAL CASH FLOW	-55	-714	-1 072
CHANGE IN CASH AND CASH EQUIVALENTS
Opening balance of cash and cash equivalents	1 175	2 247	2 247
Closing balance of cash and cash equivalents	1 120	1 533	1 175
CHANGE IN CASH AND CASH EQUIVALENTS	-55	-714	-1 072

CHANGE IN SHAREHOLDERS’ EQUITY (kEUR)
Equity attributable to owners of the parent company

CHANGE IN SHAREHOLDERS’ EQUITY (kEUR)	Share capital	Distributable non-restricted equity fund	Retained earnings	Total
Equity 1 January 2023	881	37	4 121	5 039
Other comprehensive income			80	80
Dividends			-1 009	-1 009
Equity 30 September 2023	881	37	3 191	4 109

Equity 1 January 2024	881	37	3 021	3 939
Other comprehensive income			65	65
Dividends			0	0
Equity 30 September 2024	881	37	3 086	4 004

RELATED PARTY TRANSACTIONS

During the period under review, Trainers’ House had transactions with Causa Prima Ltd, a company controlled by Jari Sarasvuo, the Chairperson of the Board of Directors, and Pro Vividus Ltd and Anorin Liekki Ltd, which are related to the company.

The following transactions took place with related parties:

RELATED PARTY TRANSACTIONS (kEUR)	1-9/2024	1-9/2023	1-12/2023
Purchases during the period	272	131	168
Liabilities at the end of the period	95	31	39

PERSONNEL	1-9/2024	1-9/2023	1-12/2023
Average number of personnel	108	115	113
Personnel at the end of the period	107	111	96

COMMITMENTS AND CONTINGENT LIABILITIES	9/2024	9/2023	12/2023
Collaterals and contingent liabilities given for own commitments(kEUR)	120	120	120

OTHER KEY FIGURES	9/2024	9/2023	12/2023
Equity ratio (%)	65.2	65.3	63.5
Shareholders’ equity/share (EUR)	1.86	1.91	1.83

Calculation formulas for key figures

Earnings per share = Result of the period attributable to owners of the parent company
Average number of shares adjusted for share issue in financial period

Interest-bearing net debt = Interest-bearing liabilities – cash and cash equivalents

Equity ratio (%) = Equity x 100
Balance sheet total – advances received

Equity / share            = Equity
                              Number of shares adjusted for share issue at the
                              end of financial period

Items affecting the calculation of key figures	9/2024	9/2023	12/2023
Advances received (kEUR)	154	107	198
Interest-bearing liabilities (kEUR)	700	274	828
Average number of shares adjusted for share issue in financial period (unit thousand shares)	2 148	2 148	2 148
Number of shares adjusted for share issue at the end of the financial period (unit thousand shares)	2 148	2 148	2 148

In Helsinki 24 October 2024

TRAINERS’ HOUSE PLC

BOARD OF DIRECTORS

Information:
Arto Heimonen, CEO, +358 404 123 456
Saku Keskitalo, CFO, +358 404 111 111

DISTRIBUTION
Nasdaq Helsinki
Main media
www.trainershouse.fi – For investors

Attachment

Interim report Q3 2024

The MIL Network –

January 25, 2025

MIL-OSI: Decisive new step in the completion of the financial restructuring: Atos’ accelerated safeguard plan approved by the specialized Commercial Court of Nanterre
Source: GlobeNewswire (MIL-OSI)

Paris, France – October 24, 2024 – Atos SE (“Atos” or the “Company”) announces today that, by judgment dated October 24, 2024, the specialized Commercial Court of Nanterre (the “Court”), after having acknowledged, pursuant to the provisions of article L. 626-31 of the French Code de commerce, that all legal conditions had been satisfied, has approved the accelerated safeguard plan of Atos (the “Plan”), presented at the hearing of October 15, 2024.

Philippe Salle, Chairman of the Board of Directors of Atos, said: “The approval of Atos’ accelerated safeguard plan by the Nanterre Specialized Commercial Court is a decisive step in our financial restructuring process and I would like to thank the entire management team for the remarkable work they have accomplished over the last few months. This important step guarantees the continuity of Atos’ activities in the best interests of our employees and customers, and allows us to project the Group confidently towards a new page in its history.”

Jean Pierre Mustier, Chief Executive Officer of Atos, said: “Our Group has reached a decisive step, providing sufficient financial resources to successfully complete a new period of industrial development under the leadership of Philippe Salle, with a strong focus of all our teams to provide the best possible service to our customers through innovation and quality of service.”

The Court has appointed, as practitioner in charge of supervising the implementation of the Plan (commissaire à l’exécution du plan), SELARL AJRS, represented by Maître Thibaut Martinat, for the duration of the Plan.

In the absence of a suspensory appeal against the judgment approving the Plan, it is envisaged that all the financial restructuring transactions provided for in the Plan will be executed between November 2024 and December 2024/January 2025¹, subject in particular to the approval by the Autorité des Marchés Financiers (AMF) of the prospectuses relating to the various securities issues provided for in the Plan.

As a reminder, the transactions provided under the Plan should lead to, in particular:
- the equitization of €2.9 billion of financial debt; and
- the provision to Atos of €1.5 to €1.675 billion of new money debt and the new money equity resulting from the rights issue (up to €233 million) already backstopped in cash by participating bondholders for €75 million and by the creditors participating in the new financings by set off against a portion of their debts for €100 million, as previously communicated and, as the case may be, from the potential voluntary additional subscription in cash by the participating creditors of up to €75 million as part of the Potential Capital Increase as provided in the Plan.
The main characteristics of the share capital transactions to be implemented as part of the Plan are described in the document entitled “Main terms and conditions of the share capital transactions carried out as part of the Company’s financial restructuring plan” (Principales modalités des opérations sur le capital mises en œuvre dans le cadre du plan de restructuration financière de la Société) published on the Company’s website (section “Financial Restructuring”) on September 6, 2024 and updated on September 16, 2024. These share capital transactions will be covered by prospectuses submitted to the Autorité des Marchés Financiers (AMF) for approval.

The Company will continue to inform the market in due course of the next steps of its financial restructuring.

***

Disclaimer

This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group’s expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These risks and uncertainties are linked to factors out of the control of the Company and not precisely estimated, such as market conditions or competitors’ behaviors. Any forward-looking statements made in this document are statements about Atos’s beliefs and expectations and should be evaluated as such. Forward-looking statements include statements that may relate to Atos’s plans, objectives, strategies, goals, future events, future revenues or synergies, or performance, and other information that is not historical information. Actual events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the 2023 Universal Registration Document filed with the Autorité des Marchés Financiers (AMF) on May 24, 2024 under the registration number D.24-0429 and the half-year report filed with the Autorité des Marchés Financiers (AMF) on August 6, 2024. Atos does not undertake, and specifically disclaims, any obligation or responsibility to update or amend any of the information above except as otherwise required by law.
This document does not contain or constitute an offer of Atos’s shares for sale or an invitation or inducement to invest in Atos’s shares in France, the United States of America or any other jurisdiction. This document includes information on specific transactions that shall be considered as projects only. In particular, any decision relating to the information or projects mentioned in this document and their terms and conditions will only be made after the ongoing in-depth analysis considering tax, legal, operational, finance, HR and all other relevant aspects have been completed and will be subject to general market conditions and other customary conditions, including governance bodies and shareholders’ approval as well as appropriate processes with the relevant employee representative bodies in accordance with applicable laws .

About Atos

Atos is a global leader in digital transformation with circa 82,000 employees and annual revenue of circa €10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

Contacts

Investor relations:
David Pierre-Kahn | investors@atos.net | +33 6 28 51 45 96
Sofiane El Amri | investors@atos.net | +33 6 29 34 85 67

Individual shareholders: 0805 65 00 75

Press contact: globalprteam@atos.net

1 Subject to the required regulatory approvals.

Attachment
- PR – Atos – Approval of the accelerated safeguard plan – 24 October 2024
The MIL Network –
January 25, 2025

MIL-OSI: BE Semiconductor Industries N.V. Announces Q3-24 Results

Source: GlobeNewswire (MIL-OSI)

Q3-24 Revenue of € 156.6 Million and Net Income of € 46.8 Million Up 27.0% and 33.7%, Respectively, vs. Q3-23
Orders of € 151.8 Million Up 19.2% vs. Q3-23. Hybrid Bonding Adoption Continues

YTD-24 Revenue of € 454.1 Million and Net Income of € 122.7 Million
Orders of € 464.8 Million Up 21.7% vs. YTD-23

DUIVEN, the Netherlands, Oct. 24, 2024 (GLOBE NEWSWIRE) — BE Semiconductor Industries N.V. (the “Company” or “Besi”) (Euronext Amsterdam: BESI; OTC markets: BESIY), a leading manufacturer of assembly equipment for the semiconductor industry, today announced its results for the third quarter and nine months ended September 30, 2024.

Key Highlights Q3-24

Revenue of € 156.6 million up 3.6% vs. Q2-24 and 27.0% vs. Q3-23 due to increased demand by computing end user markets for hybrid bonding, photonics and other AI applications partially offset by ongoing weakness in automotive and Chinese end user markets
Orders of € 151.8 million up 19.2% vs. Q3-23 due to increased hybrid bonding orders. Down 18.0% vs. Q2-24 due primarily to fluctuations in hybrid bonding order patterns by customers
Gross margin of 64.7% decreased by 0.3 points vs. Q2-24 but was up 0.1 point vs. Q3-23. Gross margin development in the comparable periods was adversely affected by net forex influences
Net income of € 46.8 million increased 11.7% vs. Q2-24 and 33.7% vs. Q3-23 primarily due to higher revenue levels and cost control efforts which limited baseline operating expense growth. Q3-24 net margin rose to 29.9% vs. 27.7% in Q2-24 and 28.4% reported in Q3-23
Net cash of € 110.7 million at quarter-end increased by € 36.3 million (48.8%) vs. Q2-24 and € 20.5 million (22.7%) vs. Q3-23

Key Highlights YTD-24

Revenue of € 454.1 million increased 8.3% vs. YTD-23 principally due to higher demand by computing end user markets, particularly for hybrid bonding and photonics applications and by Taiwanese and Korean subcontractors partially offset by weakness in mobile and automotive markets
Orders of € 464.8 million increased 21.7% vs. YTD-23 due to increased demand for hybrid bonding and photonics applications partially offset by lower bookings for automotive and, to a lesser extent, mobile applications and ongoing weakness in Chinese end user markets
Gross margin of 65.6% increased by 0.8 points vs. YTD-23 due to more favorable AI advanced packaging product mix
Net income of € 122.7 million was approximately equal to YTD-23 as higher revenue and gross margins were offset by higher R&D spending and share-based compensation expense. Besi’s net margin decreased to 27.0% vs. 29.1% in YTD-23

Q4-24 Outlook

Revenue expected to be flat plus or minus 10% vs. the € 156.6 million reported in Q3-24 partially due to shipment delays by a customer for certain hybrid bonding systems scheduled for delivery in Q4-24
Gross margin expected to range between 63-65% vs. the 64.7% realized in Q3-24
Operating expenses expected to be flat to up 5% vs. the € 46.2 million reported in Q3-24

(€ millions, except EPS)	Q3- 2024	Q2- 2024	Δ	Q3- 2023	Δ	YTD- 2024	YTD- 2023	Δ
Revenue	156.6	151.2	+3.6%	123.3	+27.0%	454.1	419.2	+8.3%
Orders	151.8	185.2	-18.0%	127.3	+19.2%	464.8	381.9	+21.7%
Gross Margin	64.7%	65.0%	-0.3	64.6%	+0.1	65.6%	64.8%	+0.8
Operating Income	55.1	49.3	+11.8%	42.7	+29.0%	145.0	147.3	-1.6%
EBITDA	62.4	56.2	+11.0%	48.9	+27.6%	166.2	166.4	-0.1%
Net Income*	46.8	41.9	+11.7%	35.0	+33.7%	122.7	122.2	+0.4%
Net Margin*	29.9%	27.7%	+2.2	28.4%	+1.5	27.0%	29.1%	-2.1
EPS (basic)	0.59	0.53	+11.3%	0.45	+31.1%	1.56	1.57	-0.6%
EPS (diluted)	0.59	0.53	+11.3%	0.45	+31.1%	1.55	1.54	+0.6%
Net Cash and Deposits	110.7	74.4	+48.8%	90.2	+22.7%	110.7	90.2	+22.7%

* Excluding share-based compensation expense, net income (net margin) would have been € 50.2 million (32.1%), € 48.5 million (32.1%) and € 36.6 million (29.7%) in Q3-24, Q2-24 and Q3-23, respectively and € 148.8 million (32.8%) in YTD-24 vs. € 137.6 million (32.8%) in YTD-23

Richard W. Blickman, President and Chief Executive Officer of Besi, commented:

“Besi reported significant growth in revenue, orders and net income in Q3-24 versus the comparable quarter of last year as we continue to benefit from strength in our advanced packaging product portfolio for AI applications despite continued headwinds in mainstream and Chinese assembly equipment markets. For the quarter, revenue of € 156.6 million and orders of € 151.8 million grew by 27.0% and 19.2%, respectively, versus Q3-23 due primarily to strong growth by computing end user markets including hybrid bonding, photonics and other AI applications. Such growth was partially offset by weakness in automotive and Chinese end user markets continuing trends we have experienced this year. Net income of € 46.8 million grew by € 11.8 million, or 33.7%, reflecting a number of favorable trends including increased advanced packaging system revenue, increased gross margins related thereto and better than forecast operating expense levels despite continued growth in R&D spending for next generation hybrid bonding and TCB systems.

For the first nine months of 2024, revenue of € 454.1 million and orders of € 464.8 million increased by 8.3% and 21.7%, respectively. Growth was due to significantly higher demand by computing end user markets, particularly for AI-related hybrid bonding and photonics applications and from Taiwanese and Korean subcontractors. Net income of € 122.7 million was approximately equal to YTD-23 as higher revenue and gross margins this year were offset by higher R&D spending in support of wafer level assembly development and share-based compensation expense.

Our financial position improved as well in Q3-24 with net cash increasing to € 110.7 million at quarter-end, an improvement of € 36.3 million (+48.8%) versus Q2-24 and € 20.5 million (+22.7%) versus Q3-23 despite increased share buy-back activity. Total cash and deposits at quarter end grew to € 637.4 million including net proceeds from our Senior Note offering in July 2024 which positions us favorably for anticipated growth in the next market upcycle.

During Q3-24, Besi continued to receive substantial orders for hybrid bonding systems from existing and new customers. At quarter-end, total revenue producing hybrid bonding orders since 2021 exceeded 100 systems highlighting the importance of this new technology for 3-D AI-related assembly applications. We anticipate additional orders in Q4-24 from a variety of customers as adoption continues to expand globally. We have also received increased interest for Besi’s TCB Next system from leading logic and memory customers which positions us favorably for anticipated growth in next generation 2.5D and HBM applications.

As such, we have taken steps recently to expand our advanced packaging production capacity in anticipation of future growth. In 2025, we intend to approximately double the cleanroom capacity of our Malaysian production facilities and increase R&D and process development for our hybrid bonding and thermo compression bonding capabilities and customer support at our Singapore facility.

Looking forward to Q4-24, we expect expanded adoption for hybrid bonding applications to be mitigated by ongoing weakness in mainstream assembly markets. For Q4-24, we forecast that revenue will be flat plus or minus 10% versus Q3-24 partially due to shipment delays by a customer for certain hybrid bonding systems scheduled for delivery in Q4-24. In addition, gross margins are anticipated to range between 63-65% based on our projected product mix. Aggregate operating expenses are forecast to be flat to up 5% versus Q3-24.”

Share Repurchase Activity

During the quarter, Besi repurchased approximately 230,000 of its ordinary shares at an average price of € 120.45 per share or a total of € 27.8 million. In August 2024, Besi completed its prior € 60 million share repurchase program and initiated a new € 100 million share repurchase program with an anticipated completion date of October 2025. Cumulatively, as of September 30, 2024, a total of € 7.0 million has been purchased under the new share repurchase program at an average price of € 110.55 per share. As of September 30, 2024, Besi held approximately 1.6 million shares in treasury equal to 2.0% of its shares outstanding.

Investor and media conference call
A conference call and webcast for investors and media will be held today at 4:00 pm CET (10:00 am EDT). To register for the conference call and/or to access the audio webcast and webinar slides, please visit www.besi.com.

Important Dates
• Publication Q4/Full year 2024 results	February 20, 2025
• Publication Q1-2025 results	April 23, 2025
• Besi’s 2025 AGM	April 23, 2025

Basis of Presentation

The accompanying Consolidated Financial Statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as adopted by the European Union. Reference is made to the Summary of Significant Accounting Policies to the Notes to the Consolidated Financial Statements as included in our 2023 Annual Report, which is available on www.besi.com.

Contacts:

Richard W. Blickman, President & CEO
Andrea Kopp-Battaglia, Senior Vice President Finance
Claudia Vissers, Executive Secretary/IR coordinator
Edmond Franco, VP Corporate Development/US IR coordinator

Tel. (31) 26 319 4500
investor.relations@besi.com

About Besi

Besi is a leading supplier of semiconductor assembly equipment for the global semiconductor and electronics industries offering high levels of accuracy, productivity and reliability at a low cost of ownership. The Company develops leading edge assembly processes and equipment for leadframe, substrate and wafer level packaging applications in a wide range of end-user markets including electronics, mobile internet, cloud server, computing, automotive, industrial, LED and solar energy. Customers are primarily leading semiconductor manufacturers, assembly subcontractors and electronics and industrial companies. Besi’s ordinary shares are listed on Euronext Amsterdam (symbol: BESI). Its Level 1 ADRs are listed on the OTC markets (symbol: BESIY) and its headquarters are located in Duiven, the Netherlands. For more information, please visit our website at www.besi.com.

Caution Concerning Forward-Looking Statements

This press release contains statements about management’s future expectations, plans and prospects of our business that constitute forward-looking statements, which are found in various places throughout the press release, including, but not limited to, statements relating to expectations of orders, net sales, product shipments, expenses, timing of purchases of assembly equipment by customers, gross margins, operating results and capital expenditures. The use of words such as “anticipate”, “estimate”, “expect”, “can”, “intend”, “believes”, “may”, “plan”, “predict”, “project”, “forecast”, “will”, “would”, and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The financial guidance set forth under the heading “Outlook” contains such forward-looking statements. While these forward-looking statements represent our judgments and expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from those contained in forward-looking statements, including any inability to maintain continued demand for our products; failure of anticipated orders to materialize or postponement or cancellation of orders, generally without charges; the volatility in the demand for semiconductors and our products and services; the extent and duration of the COVID-19 and other global pandemics and the associated adverse impacts on the global economy, financial markets, global supply chains and our operations as well as those of our customers and suppliers; failure to develop new and enhanced products and introduce them at competitive price levels; failure to adequately decrease costs and expenses as revenues decline; loss of significant customers, including through industry consolidation or the emergence of industry alliances; lengthening of the sales cycle; acts of terrorism and violence; disruption or failure of our information technology systems; consolidation activity and industry alliances in the semiconductor industry that may result in further increased customer concentration, inability to forecast demand and inventory levels for our products; the integrity of product pricing and protection of our intellectual property in foreign jurisdictions; risks, such as changes in trade regulations, conflict minerals regulations, currency fluctuations, political instability and war, associated with substantial foreign customers, suppliers and foreign manufacturing operations, particularly to the extent occurring in the Asia Pacific region where we have a substantial portion of our production facilities; potential instability in foreign capital markets; the risk of failure to successfully manage our diverse operations; any inability to attract and retain skilled personnel, including as a result of restrictions on immigration, travel or the availability of visas for skilled technology workers; those additional risk factors set forth in Besi’s annual report for the year ended December 31, 2023 and other key factors that could adversely affect our businesses and financial performance contained in our filings and reports, including our statutory consolidated statements. We expressly disclaim any obligation to update or alter our forward-looking statements whether as a result of new information, future events or otherwise.

Consolidated Statements of Operations

(€ thousands, except share and per share data)	Three Months Ended September 30, (unaudited)		Nine Months Ended September 30, (unaudited)
	2024	2023	2024	2023

Revenue	156,570	123,320	454,060	419,227
Cost of sales	55,325	43,709	156,276	147,374

Gross profit	101,245	79,611	297,784	271,853

Selling, general and administrative expenses	27,318	23,310	97,473	81,679
Research and development expenses	18,874	13,614	55,296	42,907

Total operating expenses	46,192	36,924	152,769	124,586

Operating income	55,053	42,687	145,015	147,267

Financial expense, net	1,560	1,758	3,194	4,974

Income before taxes	53,493	40,929	141,821	142,293

Income tax expense	6,719	5,889	19,123	20,104

Net income	46,774	35,040	122,698	122,189

Net income per share – basic	0.59	0.45	1.56	1.57
Net income per share – diluted	0.59	0.45	1.55	1.54

Number of shares used in computing per share amounts:
– basic	79,630,787	77,374,933	78,701,287	77,656,542
– diluted¹	81,876,505	82,444,358	81,978,112	83,038,212

______________________
¹⁾ The calculation of diluted income per share assumes the exercise of equity settled share based payments and the conversion of all Convertible Notes outstanding

Consolidated Balance Sheets

(€ thousands)	September 30, 2024 (unaudited)	June 30, 2024 (unaudited)	March 31, 2024 (unaudited)	December 31, 2023 (audited)
ASSETS

Cash and cash equivalents	307,448	127,234	232,053	188,477
Deposits	330,000	130,000	215,000	225,000
Trade receivables	169,266	174,601	150,192	143,218
Inventories	104,103	99,291	99,384	92,505
Other current assets	44,731	36,346	34,756	39,092

Total current assets	955,548	567,472	731,385	688,292

Property, plant and equipment	44,220	43,571	41,328	37,516
Right of use assets	16,419	16,821	16,901	18,242
Goodwill	45,278	45,710	45,613	45,402
Other intangible assets	94,855	92,627	90,241	93,668
Deferred tax assets	8,610	9,517	11,444	12,217
Other non-current assets	1,316	1,239	1,252	1,216

Total non-current assets	210,698	209,485	206,779	208,261

Total assets	1,166,246	776,957	938,164	896,553


Current portion of long-term debt	2,241	3,033	984	3,144
Trade payables	49,211	51,620	52,382	46,889
Other current liabilities	87,739	73,023	100,606	87,200

Total current liabilities	139,191	127,676	153,972	137,233

Long-term debt	524,527	179,801	265,142	297,353
Lease liabilities	13,033	13,448	13,625	14,924
Deferred tax liabilities	11,619	10,396	12,136	12,959
Other non-current liabilities	12,449	11,352	12,914	12,671

Total non-current liabilities	561,628	214,997	303,817	337,907

Total equity	465,427	434,284	480,375	421,413

Total liabilities and equity	1,166,246	776,957	938,164	896,553

Consolidated Cash Flow Statements

(€ thousands)	Three Months Ended September 30, (unaudited)		Nine Months Ended September 30, (unaudited)
	2024	2023	2024	2023

Cash flows from operating activities:
Income before income tax	53,493	40,929	141,821	142,293

Depreciation and amortization	7,388	6,248	21,181	19,155
Share based payment expense	3,400	1,575	27,216	16,300
Financial expense, net	1,560	1,758	3,194	4,974

Changes in working capital	6,031	15,697	(43,914)	(2,581)
Interest (paid) received	(1,996)	(2,649)	(19,513)	(27,948)
Income tax paid	2,156	1,582	7,218	3,075

Net cash provided by operating activities	72,032	65,140	137,203	155,268

Cash flows from investing activities:
Capital expenditures	(2,099)	(1,990)	(10,965)	(5,448)
Capitalized development expenses	(4,415)	(4,700)	(13,990)	(15,341)
Repayments of (investments in) deposits	(200,000)	–	(105,000)	(5,268)

Net cash provided by (used in) investing activities	(206,514)	(6,690)	(129,955)	(26,057)

Cash flows from financing activities:
Proceeds from notes	350,000	–	350,000	–
Transaction costs related to notes	(6,395)	–	(6,395)	–
Payments of lease liabilities	(1,080)	(995)	(3,186)	(3,207)
Purchase of treasury shares	(27,829)	(45,537)	(57,418)	(190,264)
Dividends paid to shareholders	–	–	(171,534)	(222,109)

Net cash used in financing activities	314,696	(46,532)	111,467	(415,580)

Net increase (decrease) in cash and cash equivalents	180,214	11,918	118,715	(286,369)
Effect of changes in exchange rates on cash and cash equivalents	–	130	256	(292)
Cash and cash equivalents at beginning of the period	127,234	192,977	188,477	491,686

Cash and cash equivalents at end of the period	307,448	205,025	307,448	205,025

Supplemental Information (unaudited)
(€ millions, unless stated otherwise)

REVENUE	Q3-2024		Q2-2024		Q1-2024		Q4-2023		Q3-2023		Q2-2023		Q1-2023

Per geography:
China	45.5	29%	57.5	38%	58.5	40%	62.0	39%	40.8	33%	64.9	40%	37.6	28%
Asia Pacific (excl. China)	51.6	33%	54.1	36%	43.6	30%	57.9	36%	42.3	34%	59.2	36%	58.2	44%
EU / USA / Other	59.5	38%	39.6	26%	44.2	30%	39.7	25%	40.2	33%	38.4	24%	37.6	28%

Total	156.6	100%	151.2	100%	146.3	100%	159.6	100%	123.3	100%	162.5	100%	133.4	100%

ORDERS	Q3-2024		Q2-2024		Q1-2024		Q4-2023		Q3-2023		Q2-2023		Q1-2023

Per geography:
China	45.4	30%	43.3	23%	51.1	40%	71.1	43%	46.0	36%	51.4	46%	35.5	25%
Asia Pacific (excl. China)	69.3	46%	72.0	39%	45.0	35%	36.6	22%	40.9	32%	33.2	29%	71.3	50%
EU / USA / Other	37.1	24%	69.9	38%	31.6	25%	58.7	35%	40.4	32%	28.0	25%	35.2	25%

Total	151.8	100%	185.2	100%	127.7	100%	166.4	100%	127.3	100%	112.6	100%	142.0	100%

Per customer type:
IDM	84.5	56%	122.4	66%	53.5	42%	82.7	50%	70.5	55%	60.5	54%	74.0	52%
Subcontractors	67.3	44%	62.8	34%	74.2	58%	83.7	50%	56.8	45%	52.1	46%	68.0	48%

Total	151.8	100%	185.2	100%	127.7	100%	166.4	100%	127.3	100%	112.6	100%	142.0	100%

HEADCOUNT	Sep 30, 2024		Jun 30, 2024		Mar 31, 2024		Dec 31, 2023		Sep 30, 2023		Jun 30, 2023		Mar 31, 2023

Fixed staff (FTE)	1,807	87%	1,783	86%	1,760	88%	1,736	93%	1,725	87%	1,689	86%	1,682	84%
Temporary staff (FTE)	271	13%	279	14%	236	12%	134	7%	248	13%	279	14%	312	16%

Total	2,078	100%	2,062	100%	1,996	100%	1,870	100%	1,973	100%	1,968	100%	1,994	100%

OTHER FINANCIAL DATA	Q3-2024		Q2-2024		Q1-2024		Q4-2023		Q3-2023		Q2-2023		Q1-2023

Gross profit	101.2	64.7%	98.3	65.0%	98.3	67.2%	103.9	65.1%	79.6	64.6%	106.6	65.6%	85.7	64.2%


Selling, general and admin expenses:
As reported	27.3	17.4%	30.5	20.2%	39.6	27.1%	24.3	15.2%	23.3	18.9%	29.4	18.1%	29.0	21.7%
Share-based compensation expense	(3.4)	-2.1%	(6.9)	-4.6%	(16.9)	-11.6%	(2.8)	-1.7%	(1.6)	-1.3%	(5.5)	-3.4%	(9.3)	-7.0%

SG&A expenses as adjusted	23.9	15.3%	23.6	15.6%	22.7	15.5%	21.5	13.5%	21.7	17.6%	23.9	14.7%	19.7	14.8%


Research and development expenses:
As reported	18.9	12.1%	18.5	12.2%	17.9	12.2%	13.5	8.5%	13.6	11.0%	14.3	8.8%	15.0	11.2%
Capitalization of R&D charges	4.4	2.8%	4.9	3.2%	4.7	3.2%	5.7	3.6%	4.7	3.8%	5.3	3.3%	5.4	4.0%
Amortization of intangibles	(3.9)	-2.5%	(3.6)	-2.3%	(3.6)	-2.4%	(3.3)	-2.1%	(3.3)	-2.6%	(3.5)	-2.2%	(3.5)	-2.6%

R&D expenses as adjusted	19.4	12.4%	19.8	13.1%	19.0	13.0%	15.9	10.0%	15.0	12.2%	16.1	9.9%	16.9	12.7%


Financial expense (income), net:
Interest income	(5.2)		(3.0)		(4.0)		(3.6)		(2.9)		(3.1)		(2.6)
Interest expense	5.7		2.1		2.8		3.0		2.8		2.9		2.9
Net cost of hedging	1.9		1.4		1.6		1.7		1.7		2.0		1.6
Foreign exchange effects, net	(0.8)		0.5		0.2		(0.4)		0.2		(0.1)		(0.4)

Total	1.6		1.0		0.6		0.7		1.8		1.7		1.5

Gross cash	637.4		257.2		447.1		413.5		391.2		378.3		644.9


Operating income (as % of net sales)	55.1	35.2%	49.3	32.6%	40.7	27.8%	66.1	41.4%	42.7	34.6%	62.9	38.7%	41.7	31.3%

EBITDA (as % of net sales)	62.4	39.8%	56.2	37.2%	47.5	32.5%	72.7	45.6%	48.9	39.7%	69.3	42.6%	48.2	36.1%

Net income (as % of net sales)	46.8	29.9%	41.9	27.7%	34.0	23.2%	54.9	34.4%	35.0	28.4%	52.6	32.4%	34.5	25.9%

Effective tax rate	12.6%		13.0%		15.3%		16.1%		14.4%		14.0%		14.0%


Income per share
Basic	0.59		0.53		0.44		0.71		0.45		0.68		0.44
Diluted	0.59		0.53		0.44		0.68		0.45		0.66		0.44

Average shares outstanding (basic)	79,630,787		79,281,533		77,181,326		77,070,082		77,374,933		77,634,197		77,946,873

Shares repurchased
Amount	27.8		14.8		14.8		23.1		45.5		66.9		77.7
Number of shares	230,807		105,042		101,049		226,572		447,829		761,937		1,120,327

The MIL Network –

January 25, 2025

MIL-OSI Security: “Operation Bond Watch” Seeks to Prevent Those Charged with Violent Crimes from Illegally Possessing Firearms

Source: Office of United States Attorneys

NASHVILLE – Thomas J. Jaworski, Acting United States Attorney for the Middle District of Tennessee, today announced a new initiative aimed at prosecuting unlawful firearm possession by individuals previously charged with murder and attempted murder. “Operation Bond Watch” seeks to deter defendants who are out on bond for serious violent crimes from illegally possessing firearms and potentially putting the community at risk. The program seeks to deter those released on bond for First Degree Murder, Felony Murder, Second Degree Murder, Attempted First Degree Murder, and Attempted Second Degree murder from unlawfully possessing firearms.

Under this new program, if an individual on bond for a serious violent crime is found to have unlawfully possessed a firearm, federal prosecutors will, where the evidence supports it, swiftly seek appropriate federal charges against those individuals. “The goal is to keep the community safe from gun violence,” said Acting U.S. Attorney Thomas J. Jaworski, “and to prevent those on bond while charged with murder and attempted murder from illegally carrying guns while awaiting their day in court.”

“Breaking cycles of violent gun crime by repeat offenders is essential to the safety of the Nashville community,” said Metro Police Chief John Drake. “Operation Bond Watch is an important tool in a system of checks and balances between a defendant’s arrest and ultimate adjudication of the case. I am grateful to Acting U.S. Attorney Jaworski and our strong partners in the ATF and FBI for their commitment in helping us hold violent criminals accountable.”

“Protecting the public is at the core of our ATF mission,” said Special Agent in Charge Marcus Watson of the ATF Nashville Field Division. “We, along with our law enforcement partners, stand ready to work tirelessly to prevent those who choose to illegally possess firearms from wreaking havoc on law abiding citizens.”

“The FBI is committed to working with our law enforcement and prosecutorial partners on Operation Bond Watch,” said Special Agent in Charge Joe Carrico of the FBI Nashville Field Office. “Here in Tennessee, the FBI will continue to use all the tools at our disposal to deter defendants who are out on bond for serious violent crimes from illegally possessing firearms. Everyone deserves to live in a community free of gun violence.”

In April 2024, a Nashville man out on bond for a 2021 murder was arrested on suspicion of committing another murder; both cases are still pending. “We believe in the presumption of innocence and a right to a fair trial,” Jaworski said, “but we also believe that the community should be protected from individuals unlawfully possessing firearms when there is the potential to cause destructive violence.”

Prosecutors in the U.S. Attorney’s Office in Nashville have previously charged individuals on bond for murder with unlawful weapons possession offenses. For example, Mark Ellis, 30, of Clarksville was on bond for First Degree Murder when he was arrested with a 9mm pistol and a pound of fentanyl during a drug deal. In March of 2024, Ellis was sentenced to 25 years in federal prison for his crimes.

This new effort will bring more federal resources to bear against individuals who unlawfully possess firearms while on bond for serious violent crimes. “Our commitment to the safety of our community has been steadfast,” Jaworski said, “this new initiative will hopefully deter those awaiting a trial on serious charges from illegally carrying a gun, which is better for everyone.”

This initiative is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

# # # # #

MIL Security OSI –

January 25, 2025
MIL-OSI Security: Washington State Defense Attorney Facing Federal Charges for Smuggling Drugs into Correctional Facility

Source: Office of United States Attorneys

SEATTLE—A Washington State defense attorney was arraigned in federal court Monday after he was indicted for joining a criminal conspiracy to smuggle drugs into the King County Correctional Facility (KCCF), a jail located in Seattle, during client visits.

John M. Sheeran, 60, of Pierce County, Washington has been charged with conspiring to distribute controlled substances, possessing and distributing methamphetamine, distributing buprenorphine, and illegally using a communication facility.

According to the indictment, Sheeran used his status as an attorney to smuggle controlled substances, including methamphetamine, ketamine, buprenorphine, and THC, to two of his then- clients and inmates at KCCF during legal visits. During the conspiracy, Sheeran distributed, or possessed with an intent to distribute, sheets of paper that had been soaked in drugs, chewing tobacco cans that swapped out the tobacco with drugs, and trial clothes that had drugs concealed in the soles of the shoes. After Sheeran successfully smuggled the drugs into KCCF, Sheeran’s co-conspirators sold the drugs to other inmates for significant sums.

On October 16, 2024, a federal grand jury in Seattle returned an indictment charging Sheeran and four co-conspirators. Sheeran was arrested Monday without incident in Washington Place, Washington.

Sheeran made his initial appearance in federal court Monday before a U.S. Magistrate Judge in Seattle. He was arraigned, pleaded not guilty, and ordered released pending a jury trial scheduled to begin on December 20, 2024.

If convicted, Sheeran faces a maximum sentence of 20 years in federal prison, a minimum of three years’ supervised release, and a fine up to $1 million.

The case was investigated by the FBI and King County Sheriff’s Office. It is being prosecuted by Robert S. Trisotto, Assistant U.S. Attorney for the District of Oregon, acting as Special Attorney for the Western District of Washington.

An indictment is only an accusation of a crime, and a defendant is presumed innocent unless and until proven guilty.

MIL Security OSI –

January 25, 2025
MIL-OSI Security: U.S. Attorney Announces Office’s District Election Officers for November 2024 General Election

Source: Office of United States Attorneys

PITTSBURGH, Pa. – United States Attorney Eric G. Olshan announced that Assistant United States Attorneys (AUSAs) Jeffrey R. Bengel and Nicole A. Stockey will lead the efforts of his Office in connection with the Justice Department’s nationwide Election Day Program for the upcoming November 5, 2024, general election. AUSAs Bengel and Stockey have been appointed to serve as the District Election Officers (DEOs) for the Western District of Pennsylvania, and, in that capacity, are responsible for overseeing the District’s handling of election day complaints of voting rights concerns, threats of violence to election officials or staff, and election fraud, in consultation with Justice Department Headquarters in Washington.

United States Attorney Olshan said: “Every citizen must be able to vote without interference or discrimination and to have that vote counted in a fair and free election. Similarly, election officials and staff must be able to serve without being subject to unlawful threats of violence. The Department of Justice will always work tirelessly to protect the integrity of the election process.”

The Department of Justice has an important role in deterring and combatting discrimination and intimidation at the polls, threats of violence directed at election officials and poll workers, and election fraud. The Department will address these violations wherever they occur. The Department’s longstanding Election Day Program furthers these goals and also seeks to ensure public confidence in the electoral process by providing local points of contact within the Department for the public to report possible federal election law violations.

Federal law protects against such crimes as threatening violence against election officials or staff, intimidating or bribing voters, buying and selling votes, impersonating voters, altering vote tallies, stuffing ballot boxes, and marking ballots for voters against their wishes or without their input. It also contains special protections for the rights of voters, and provides that they can vote free from interference, including intimidation, and other acts designed to prevent or discourage people from voting or voting for the candidate of their choice. The Voting Rights Act protects the right of voters to mark their own ballot or to be assisted by a person of their choice (where voters need assistance because of disability or inability to read or write in English).

United States Attorney Olshan stated: “The franchise is the cornerstone of American democracy. We all must ensure that those who are entitled to the franchise can exercise it if they choose, and that those who seek to corrupt it are brought to justice. In order to respond to complaints of voting rights concerns and election fraud during the upcoming election, and to ensure that such complaints are directed to the appropriate authorities, AUSAs Bengel and Stockey will be on duty in this District while the polls are open and can be reached by the public by calling (412) 644-3500.”

In addition, the FBI will have special agents available in each field office and resident agency throughout the country to receive allegations of election fraud and other election abuses on election day. The local FBI field office can be reached by the public at (412) 432-4000.

Complaints about possible violations of the federal voting rights laws can be made directly to the Civil Rights Division in Washington, D.C., by complaint form at https://civilrights.justice.gov/ or by phone at 800-253-3931.

United States Attorney Olshan said: “Ensuring free and fair elections depends in large part on the assistance of the American electorate. It is important that those who have specific information about voting rights concerns or election fraud make that information available to the Department of Justice.”

In the case of a crime of violence or intimidation, please call 911 immediately and before contacting federal authorities. State and local police have primary jurisdiction over polling places, and almost always have faster reaction capacity in an emergency.

MIL Security OSI –

January 25, 2025
MIL-OSI: Craft Appoints Technology and Supply Chain Luminaries to Advisory Board
Source: GlobeNewswire (MIL-OSI)

SAN FRANCISCO, Oct. 23, 2024 (GLOBE NEWSWIRE) — Craft, the supply chain resilience company, is proud to announce the launch of its Advisory Board with appointments of senior leaders and industry luminaries with deep technology, procurement, and supply chain experience across key global market sectors. Craft’s advisory board will provide strategic guidance and support to enhance Craft’s supply chain resilience offerings, advance its market position and help drive continued growth and innovation.

Craft’s Advisory Board members include:
- Chris Caine: President of the Center for Global Enterprise and former vice president at IBM
- Karen Evans: Managing director at the Cyber Readiness Institute and former chief information officer at Department of Homeland Security
- Mike Corbo: Former chief supply chain officer at Colgate-Palmolive, member of the board of directors at WK Kellogg Co
- Roger Goulart: Executive vice president of alliances and business development at Coupa, former vice president of alliances at SuccessFactors, Salesforce and Okta
- Sasha Pailet Koff: Former senior vice president, supply chain data analytics and automation at Dell Technologies and serves as co-chair of the Digital Supply Chain Institute (DSCI). Former vice president, supply chain technology at Johnson & Johnson
- Elvire Régnier-Lussier: Former global vice president at Unilever, former chief purchasing officer at L’OCCITANE Group, and serves as ambassador of the UNESCO chair towards a culture of economic peace
“Today marks a significant milestone for Craft — it underscores our dedication to leadership in supply chain resilience and to our commitment in helping customers address key challenges across a wide spectrum of risk domains including foreign influence, cybersecurity vulnerability, financial stability, ESG, and regulatory compliance,” said Ilya Levtov, CEO of Craft. “The advisory board’s extensive leadership and global management experience will serve as a valuable resource as Craft moves into its next phase of growth. We are honored to welcome such a distinguished group of industry leaders and look forward to advancing the industry together.”

“Advanced technologies like AI are reshaping supply chain operations. With this comes tremendous opportunity to impact procurement strategies and resilience. Craft is well positioned to lead the future of supplier risk management by providing advanced technologies that deliver the strongest data foundation, risk monitoring, and collaborative workspace to gain greater visibility into supplier risk and optimize value chain strategies across teams,” said Sasha Pailet Koff, newly appointed Craft advisory board member. “With Craft’s insight and emerging solutions, procurement and supply chain teams will have the potential to evolve into strategic partners, enhancing resilience across the entire enterprise. I’m thrilled to work with Craft and my fellow advisory board members to help shape this new era of modern supplier risk management.”

Craft is the intelligent supply chain resilience platform that enables organizations to know your suppliers, protect against disruptions; and optimize supply chain strategies. With Craft organizations can confidently navigate regulatory environments, uphold ethics, and drive business continuity and growth.

For more information about Craft.co and its new Advisory Board, please visit www.craft.co or contact press@craft.co .

About Craft.co
Craft illuminates the path to global supply chain resilience. It empowers businesses to strengthen their supplier networks and supply chains with the industry’s most reliable and comprehensive data fabric and advanced risk mitigation engine. Craft’s user-friendly platform offers 360-degree visibility to explore and evaluate supplier networks, AI-driven insights to detect and mitigate disruptions, and collaborative tools to enhance supply chain strategies. Procurement and supply chain professionals can confidently navigate regulatory environments, adhere to ethical standards, and ensure business continuity. Headquartered in San Francisco, CA, Craft assists commercial and governmental organizations worldwide in creating more resilient supply chains. For more information about Craft, visit www.craft.co.

The MIL Network –
January 25, 2025
MIL-OSI Security: Jury Finds Little Rock Man Guilty of Possession with Intent to Distribute Fentanyl, Methamphetamine, Cocaine, and Marijuana

Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

LITTLE ROCK—A Little Rock man has been convicted of possession with intent to distribute fentanyl, methamphetamine, cocaine, and marijuana at the conclusion of a three-day trial. On Thursday, a federal jury found Marquis Hunt, 42, guilty of four federal narcotics violations: and possession with intent to distribute 400 grams or more of fentanyl, possession with intent to distribute 500 grams or more of methamphetamine, possession with intent to distribute cocaine, and possession with intent to distribute marijuana.

The jury returned their verdict after deliberating for approximately 2.5 hours. United States District Judge James M. Moody, Jr. presided over the trial and will sentence Hunt at a later date. Hunt faces a minimum sentence of 10 years in federal prison, with a maximum of life imprisonment. There is no parole in the federal system.

Hunt was indicted by a federal grand jury on third superseding indictment on August 6, 2024. An investigation revealed that on July 8, 2022, a special agent with the Federal Bureau of Investigation (FBI) made contact with Hunt at a residence in southwest Little Rock. Hunt was detained while a search warrant was obtained and executed. During a search, agents located more than 1.5 pounds of methamphetamine and more than 16 pounds of fentanyl throughout the residence, as well as distributable amounts of cocaine and marijuana. Through further investigation, it was discovered that the fentanyl was distributed or sprayed on a shredded vegetable material with a mixture of tramadol, which made it appear to be a form of synthetic marijuana or “K2.” During the jury trial, Hunt acknowledged selling drugs, but then denied selling the drugs located at the residence.

The methamphetamine and fentanyl convictions carry minimum statutory sentences of not less than 10 years and not more than life in prison, not less than five years supervised release, and a fine of not more than $10,000,000. The cocaine conviction carries a maximum sentence of 20 years, not less than four years supervised release, and a fine of not more than $1,000,000. The marijuana conviction carries a maximum sentence of five years imprisonment, not less than two years supervised release, and a fine of not more than $250,000.

The investigation was conducted by the FBI with assistance from the Arkansas State Police and Arkansas State Crime Laboratory. The and the case was prosecuted by Assistant United States Attorneys Amanda Fields and Reese Lancaster.

# # #

Additional information about the office of the

United States Attorney for the Eastern District of Arkansas, is available online at

https://www.justice.gov/edar

X (formerly known as Twitter):

@USAO_EDAR

MIL Security OSI –

January 25, 2025
MIL-OSI Security: St. Cloud Man Sentenced to Ten Years in Prison for Attempting to Entice a Child to Engage in Sexual Activity

Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

Ahead of the Threat Podcast: Episode Zero

Welcome to Ahead of the Threat, the FBI’s new podcast miniseries that brings together an FBI cyber executive and a private sector chief information security officer. Join Bryan Vorndran, assistant director of the FBI’s Cyber Division, and Jamil Farshchi, a strategic engagement advisor for the FBI who also works as an executive vice president and CISO of Equifax, as they discuss emerging cyber threats and the enduring importance of cybersecurity fundamentals. Featuring distinguished guests from the business world and government, Ahead of the Threat will confront some of the biggest questions in cyber: How will emerging technology impact corporate America? How can corporate boards be structured for cyber resilience? What does the FBI think about generative artificial intelligence? Listen to new episodes biweekly and stay Ahead of the Threat.

Charity and Disaster Fraud

Charity fraud scams can come in many forms: emails, social media posts, crowdfunding platforms, cold calls, etc. They are especially common after high-profile disasters. Always use caution and do your research when you’re looking to donate to charitable causes.

RYAN JAMES WEDDING

Conspiracy to Distribute and Possess with Intent to Distribute Controlled Substances; Conspiracy to Export Cocaine; Continuing Criminal Enterprise; Murder in Connection with a Continuing Criminal Enterprise and Drug Crime; Attempt to Commit…

Capitol Violence

The FBI is seeking to identify individuals involved in the violent activities that occurred at the U.S. Capitol and surrounding areas on January 6, 2021. View photos and related information here. If you have any information to provide, visit tips.fbi.gov or call 1-800-CALL-FBI.

MIL Security OSI –

January 25, 2025
MIL-OSI Security: Man Arrested for Exposing Himself on an Aircraft

Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

BOSTON – A man was arrested and charged yesterday for allegedly masturbating and exposing himself within the view of two other passengers seated near him on board a flight from Abu Dhabi, United Arab Emirates to Boston, Mass. yesterday.

Krishna Kunapuli, 39, of India, was charged by criminal complaint with one count of lewd, indecent and obscene acts while in the special aircraft jurisdiction of the United States. Kunapuli was arrested yesterday and will appear in federal court in Boston later today.

According to the charging documents, Kunapuli allegedly made unwanted sexual advances toward a female passenger on board an Etihad Airlines flight, including touching her hair and taking pictures of her without her permission. After a crew member intervened, Kunapuli returned to his seat.

It is alleged that, later in the flight, two male passengers seated near Kunapuli noticed Kunapuli masturbating under a blanket and, at times, with his penis fully exposed. One of the passengers reported this conduct to a flight attendant who intervened and alerted law enforcement.

The charge of lewd, indecent and obscene acts while in the special aircraft jurisdiction of the United States provides for a sentence of up to 90 days in prison, up to one year of supervised release and a fine of up to $5,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

Acting United States Attorney Joshua S. Levy; Jodi Cohen, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division; and Colonel Geoffrey D. Noble of the Massachusetts State Police made the announcement today. Assistant U.S. Attorney Elianna J. Nuzum of the Major Crimes Unit is prosecuting the case.

The details contained in the charging documents are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

MIL Security OSI –

January 25, 2025
MIL-OSI Security: ‘Operation Not Forgotten’ Shines New Light on Indian Country Cases

Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

Ahead of the Threat Podcast: Episode Zero

Welcome to Ahead of the Threat, the FBI’s new podcast miniseries that brings together an FBI cyber executive and a private sector chief information security officer. Join Bryan Vorndran, assistant director of the FBI’s Cyber Division, and Jamil Farshchi, a strategic engagement advisor for the FBI who also works as an executive vice president and CISO of Equifax, as they discuss emerging cyber threats and the enduring importance of cybersecurity fundamentals. Featuring distinguished guests from the business world and government, Ahead of the Threat will confront some of the biggest questions in cyber: How will emerging technology impact corporate America? How can corporate boards be structured for cyber resilience? What does the FBI think about generative artificial intelligence? Listen to new episodes biweekly and stay Ahead of the Threat.

Charity and Disaster Fraud

Charity fraud scams can come in many forms: emails, social media posts, crowdfunding platforms, cold calls, etc. They are especially common after high-profile disasters. Always use caution and do your research when you’re looking to donate to charitable causes.

RYAN JAMES WEDDING

Conspiracy to Distribute and Possess with Intent to Distribute Controlled Substances; Conspiracy to Export Cocaine; Continuing Criminal Enterprise; Murder in Connection with a Continuing Criminal Enterprise and Drug Crime; Attempt to Commit…

Capitol Violence

The FBI is seeking to identify individuals involved in the violent activities that occurred at the U.S. Capitol and surrounding areas on January 6, 2021. View photos and related information here. If you have any information to provide, visit tips.fbi.gov or call 1-800-CALL-FBI.

MIL Security OSI –

January 25, 2025
MIL-OSI Security: Kyle Man Sentenced to 50 Years in Federal Prison

Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

RAPID CITY – United States Attorney Alison J. Ramsdell announced today that U.S. District Judge Camela C. Theeler has sentenced a Kyle, South Dakota, man convicted of four counts of Aggravated Sexual Abuse of a Minor, one count of Abusive Sexual Contact, and one count of Witness Tampering. The sentencing took place on October 17, 2024.

Lloyd Emerson Elk, 48, was sentenced to a total of 50 years in federal prison on each count of Aggravated Sexual Abuse, followed by 10 years of supervised release, and was ordered to pay a $600 special assessment to the Federal Crime Victims Fund. He was also sentenced to five years in prison for Abusive Sexual Contact and 25 years in prison on the Witness Tampering conviction. The sentences were ordered to run concurrently.

Elk was indicted by a federal grand jury in March of 2024. He was found guilty following a two-day jury trial in July of 2024. At the sentencing hearing, Judge Theeler reflected Elk’s long pattern of violence was very concerning to her. She noted, “Crimes against children are some of the most heinous crimes . . . Adults in positions of power can abuse that position, take away the innocence of a child and hurt them.”

Elk, a former tribal law enforcement officer, sexually abused his stepdaughter multiple times when she was between the ages of five and seven years old. Elk employed years of domestic violence to control the victim and her family, including physical and emotional abuse. Elk told the victim if she ever told anyone about the sexual abuse, that he would kill her, her mother, and her brother. When the victim finally disclosed the abuse in late 2023, the investigation revealed Elk had sexually abused another seven-year-old girl in 1998—while employed as a police officer in Idaho—and made similar threats to her to keep her quiet.

“Every instance of child sexual abuse is simultaneously shocking and heartbreaking,” said U.S. Attorney Alison J. Ramsdell. “But it is unthinkable that such victimization would happen at the hands of a law enforcement officer. It took great courage for the victims in this case to come forward with the truth, and we are grateful to our partners at the FBI who expertly investigated the matter so that our prosecutors could bring this violent defendant to justice, once and for all. The U.S. Attorney’s Office will never yield in our steadfast commitment to protecting women and children from violence.”

This case was investigated by the FBI. Assistant U.S. Attorneys Anna Lindrooth and Megan Poppen prosecuted the case. Elk was immediately remanded to the custody of the U.S. Marshals Service.

MIL Security OSI –

January 25, 2025
MIL-OSI Security: Member of Multi-State Gas Pump Skimming Device and Fuel Theft Ring Pleads Guilty to Aggravated Identity Theft and Fraud Charges

Source: Federal Bureau of Investigation (FBI) State Crime News

Jacksonville, Florida – United States Attorney Roger B. Handberg announces that Deonelky Tabares Cid (36, Tampa) has pleaded guilty to conspiracy, four counts of wire fraud, six counts of access device fraud, and one count of aggravated identity theft. Cid faces a minimum penalty of 2 years in federal prison on the count of aggravated identity theft, up to 20 years in federal prison on each count of wire fraud, up to 10 years in federal prison on each count of access device fraud, up to 5 years in federal prison on the conspiracy count, and payment of restitution to the victims he and his co-defendants defrauded. No sentencing date has been set.

According to court documents, Cid and his co-conspirators worked together to install skimmers on gas pumps to include gas stations in Alabama, Louisiana, and Northern Florida, including the Florida Panhandle. The conspirators used the skimmers to illegally obtain credit and debit card account numbers involved with the purchase of fuel by customers at the gas pump. Using the account numbers stolen by the skimmers, they subsequently made counterfeit credit and debit cards and then, used them to purchase large amount of diesel fuel.

During the conspiracy, Cid and others drove vehicles that contained a fuel bladder system. This system allowed the conspirators to fake pumping gas into the vehicle’s gas tank when in fact the diesel fuel was being pumped into the fuel bladder system. Analysis by law enforcement of fuel purchases, vehicle tracker data, gas station video surveillance, and real time surveillance of the conspirators determined that Cid and other conspirators drove to multiple case stations throughout Northern Florida. After obtaining the gas, the conspirators offloaded the stolen fuel into 9,500-gallon tanker trucks at a fuel yard. The stolen fuel was then sold to a gas station associated with one of the co-conspirators.

The co-defendants, Luis Edel Trujillo Pena (29, Miami), Deyvis Hernandez (37, Miami), Luis Ernesto Vigil Ochoa (32, Miami), and Isvaldo Guerra Perdomo (38, Jacksonville) are set for trial in January 2025.

This case was investigated by the Federal Bureau of Investigation, the Florida Department of Agriculture and Consumer Services, the Florida Highway Patrol, the Jacksonville Sheriff’s Office, the U.S. General Services Administration – Office of Inspector General, and the U.S. Secret Service – Jacksonville Field Office. It is being prosecuted by Assistant United States Attorney Kevin C. Frein.

MIL Security OSI –

January 25, 2025
MIL-OSI Security: Texas Man Indicted for Coercion and Enticement of a Minor to Engage in Sexual Activity and Receipt of Child Sex Abuse Material

Source: Federal Bureau of Investigation (FBI) State Crime News

Tampa, Florida – United States Attorney Roger B. Handberg announces the return of an indictment charging James Anthony Davila (20, Cleburne, TX) with coercion and enticement of a minor to engage in sexual activity and receipt of child sex abuse material. If convicted, Davila faces a mandatory penalty of 10 years, up to life, in federal prison for the coercion and enticement count, and a mandatory 5 years, up to 20 years, in federal prison for receiving child sex abuse material.

According to court documents, Davila met a 12-year-old girl online while playing a video game. The two continued to communicate and exchanged sexually explicit photos. Davila later drove from Texas to Florida to pick up the child and engage in sexual acts with her.

An indictment is merely a formal charge that a defendant has committed one or more violations of federal criminal law, and every defendant is presumed innocent unless, and until, proven guilty.

This case was investigated by the Tampa Police Department and the Federal Bureau of Investigation, with assistance from the Midway (Florida) Police Department and the Johnson County (Texas) Sheriff’s Office. It will be prosecuted by Assistant United States Attorney Ross Roberts.

This is another case brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by the United States Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state, and local resources to locate, apprehend, and prosecute individuals who sexually exploit children, and to identify and rescue victims. For more information about Project Safe Childhood, please visit www.justice.gov/psc.

MIL Security OSI –

January 25, 2025
MIL-OSI Security: U.S. Attorney Tessa M. Gorman Names District Election Officer

Source: Federal Bureau of Investigation (FBI) State Crime News

Ahead of the Threat Podcast: Episode Zero

Welcome to Ahead of the Threat, the FBI’s new podcast miniseries that brings together an FBI cyber executive and a private sector chief information security officer. Join Bryan Vorndran, assistant director of the FBI’s Cyber Division, and Jamil Farshchi, a strategic engagement advisor for the FBI who also works as an executive vice president and CISO of Equifax, as they discuss emerging cyber threats and the enduring importance of cybersecurity fundamentals. Featuring distinguished guests from the business world and government, Ahead of the Threat will confront some of the biggest questions in cyber: How will emerging technology impact corporate America? How can corporate boards be structured for cyber resilience? What does the FBI think about generative artificial intelligence? Listen to new episodes biweekly and stay Ahead of the Threat.

Charity and Disaster Fraud

Charity fraud scams can come in many forms: emails, social media posts, crowdfunding platforms, cold calls, etc. They are especially common after high-profile disasters. Always use caution and do your research when you’re looking to donate to charitable causes.

RYAN JAMES WEDDING

Conspiracy to Distribute and Possess with Intent to Distribute Controlled Substances; Conspiracy to Export Cocaine; Continuing Criminal Enterprise; Murder in Connection with a Continuing Criminal Enterprise and Drug Crime; Attempt to Commit…

Capitol Violence

The FBI is seeking to identify individuals involved in the violent activities that occurred at the U.S. Capitol and surrounding areas on January 6, 2021. View photos and related information here. If you have any information to provide, visit tips.fbi.gov or call 1-800-CALL-FBI.

MIL Security OSI –

January 25, 2025
MIL-OSI Security: Belgian National Charged with Attempting to Breach Cockpit and Assaulting Flight Crew Members on March 2024 Flight

Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

NEWARK, N.J. – A Belgian national was arrested today for attempting to breach the cockpit and assaulting flight attendants aboard flight from Newark Liberty International Airport to Zurich, Switzerland, in March 2024, U.S. Attorney Philip Sellinger announced.

Jan Daeninck, 43, of Belgium, is charged by complaint with one count of interference with flight crew members and attendants by assault and intimidation, one count of assault, and one count of abusive sexual contact on an airplane. He appeared before U.S. Magistrate Judge U.S. Magistrate Judge Leda Dunn Wettre in Newark federal court and was released on $100,000 unsecured bond.

According to documents filed in this case and statements made in court:

On March 31, 2024, Daeninck was a passenger aboard a Swiss International Airlines flight from Newark to Zurich. Shortly after takeoff, Daeninck walked up to a female flight attendant, grabbed both of her breasts with his hands, shook her, and began yelling at her. After the flight attendant was able to wrest herself away from Daeninck, he then approached and attempted to enter the cockpit, repeatedly striking, kicking and beating the cockpit door. While Daeninck was attempting to gain entrance to the cockpit, a male flight attendant approached Daeninck. After repeatedly striking, punching, and kicking the cockpit door and failing to gain entry to the cockpit, Daeninck assaulted the male flight attendant by repeatedly punching and kicking the flight attendant, striking him in head and upper body with a closed fist. Flight crew members were able to intervene and assist with restraining Daeninck on the floor in the vicinity of the cockpit door for the remainder of the flight. As a result of Daeninck’s actions, the flight turned around and landed back at Newark Liberty International Airport.

The charge of interfering with flight crew members and attendants carries a maximum sentence of 20 years in prison and a maximum fine of $250,000. The charge of assault by beating or striking carries a maximum punishment of one year in prison and a maximum fine of $100,000. The charge of abusive sexual contact carries a maximum sentence of two years in prison and a maximum fine of $250,000.

U.S. Attorney Sellinger credited special agents of the FBI, under the direction of Acting Special Agent in Charge Nelson I. Delgado in Newark, with the investigation leading to the charge. He also thanked the Port Authority Police Department, under the direction of Edward T. Cetnar, for its assistance.

The government is represented by Assistant U.S. Attorney Michelle L. Goldman of the Office’s General Crimes Unit in Newark.

The charges and allegations contained in the complaint are merely accusations, and the defendant is presumed innocent unless and until proven guilty.

MIL Security OSI –

January 25, 2025
MIL-OSI Security: Orange County Supervisor Agrees to Plead Guilty to Bribery Conspiracy Involving $10 Million in COVID Relief Funds

Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

OC Supervisor Andrew Do Admits Receiving More Than $550,000 in Bribe Payments from Funds Meant to Be Used to Provide Meals to Elderly

SANTA ANA, California – The District One Supervisor on the Orange County Board of Supervisors has agreed to plead guilty to a felony federal charge for accepting more than $550,000 in bribes for directing and voting in favor of more than $10 million in COVID funds to a charity affiliated with one of his daughters, Rhiannon Do, the Justice Department announced today.

Andrew Hoang Do, 62, agreed to plead guilty to one count of conspiracy to commit bribery concerning programs receiving federal funds. His plea agreement and information were filed today. He is expected to make his initial appearance in United States District Court in Santa Ana later this month.

Do is one of five supervisors on the Orange County Board of Supervisors, which is responsible for the county’s $9 billion annual budget. As a county supervisor, Do represents the cities of Cypress, Fountain Valley, Garden Grove, Huntington Beach, La Palma, Los Alamitos, Midway City, Rossmoor, Seal Beach, and Westminster. He has served as a county supervisor since February 2015.

As part of his plea agreement, Do admitted that in exchange for more than $550,000 in bribes, beginning in 2020, he voted in favor of and directed millions of dollars in COVID-related funds to Viet America Society (VAS), a charity affiliated with his daughter. Do directed and worked together with other county employees to approve contracts with – and payments to – VAS. Do further admitted he acted corruptly and abused his position of trust as a county supervisor.

“By putting his own interests over those of his constituents, the defendant sold his high office and betrayed the public’s trust,” said United States Attorney Martin Estrada. “Even worse, the money he misappropriated and accepted as bribe payments was taken from those most in need – older adults and disabled residents. Our community deserved much better. Corruption has no place in our politics and my office will continue to hold accountable officials who cheat the public.”

“While millions of Americans were dying from COVID-19, Orange County Supervisor Andrew Do was the fox in the hen house personified, raiding millions in federal pandemic relief funds and orchestrating the money intended to feed elderly and ailing residents to instead fill the pockets of insiders, himself and his loved ones all while portraying a public persona of a hometown hero guiding his constituents through the uncertainty and fear of a global pandemic,” said Orange County District Attorney Todd Spitzer. “No one is above the law in Orange County and these charges should serve as a powerful warning to elected officials everywhere that actions have consequences and justice will be swift and it will be decisive.”

“Elected officials have a responsibility to implement programs and policy that will benefit all the people they serve. Their role is not to squander money, solicit bribes, or to steer funds to organizations or persons, wherein a coordinated effort allows those funds to make their way to family members or friends,” said Akil Davis, the Assistant Director in Charge of the FBI’s Los Angeles Field Office. “Today’s plea is another exclamation point to the FBI’s commitment to ensuring that all local, state, or federal elected and appointed public officials perform their duties with honesty, integrity, and commitment to all the constituents they serve.”

Shortly after receiving the COVID-related public funds from the county government – funds that were intended to provide meals to the elderly – VAS from April 2021 to February 2024 paid a business identified in court documents as “Company #1” $100,000 or more per month, which totaled approximately $3,804,000. In September 2021, VAS increased its payments to Company #1 from $100,000 to $108,000 per month. Company #1 then began paying Rhiannon Do – Do’s daughter – $8,000 per month, totaling by February 2024 approximately $224,000.

In his plea agreement, Do admitted that in addition to the $8,000 monthly payments that Company #1 had made to Do’s daughter, in July 2023, Company #1 also transferred a total of $381,500 from the funds it had received from VAS to an escrow company. In July 2023, Do’s daughter used the escrow account funds to purchase a home, in her name, in Tustin for $1,035,000. As part of that transaction, a mortgage for more than $600,000 was obtained by a loan application that contained false information and with fabricated documents. In her related diversion agreement attached as an exhibit to Do’s plea agreement, Do’s daughter admitted her conduct was criminal and violated federal and state law.

Do also admitted that the $381,500 from Company #1 that his daughter had used to purchase the Tustin house in 2023 was a disguised bribe to him. He also admitted that an additional $100,000 in payments sent to his other daughter, including three $25,000 checks from Company #2 – an air conditioning company that had been paid by VAS – also were bribes to him.

Some of the bribe funds that had been funneled to his daughters were spent for his direct benefit. For example, during 2022, a total of $14,849 of funds that had been funneled to Do’s daughters was used to make property tax payments for properties in Orange County owned by Do and his wife. Approximately $15,000 was used to pay for one of Do’s credit card bills.

Do knew that VAS was not providing all the meals for which the county had paid VAS. Instead, much of the funds were used for the benefit of insiders, including to buy real estate in the name of both Do’s daughter and Company #1, bribe payments to both of Do’s daughters, payments to other conspirators, payments to other companies affiliated with VAS’s listed officers, and through hundreds of thousands of dollars in cash withdrawals.

“Mr. Do had a duty to act in the best interest of the citizens of Orange County. He neglected that duty and misused the financial system to enrich himself,” said Special Agent in Charge Ryan Korner with the Federal Deposit Insurance Corp. Office of Inspector General. “Public corruption degrades the public’s confidence in our political system, and FDIC OIG is proud to work alongside our law enforcement partners to identify and hold accountable individuals who abuse public service for private gain.”

“Andrew Do was entrusted to ensure taxpayer dollars were used responsibly and for the purposes intended,” said Special Agent in Charge Tyler Hatcher, IRS Criminal Investigation, Los Angeles Field Office. “Instead, when his constituents depended on COVID relief programs, Mr. Do exploited his position on the Orange County Board of Supervisors not only to influence channeling of funds to the Viet America Society, but also to accept bribes that were used to purchase a home, pay property taxes, and even to pay fictitious incomes to family members. Combating public corruption is one of the most important roles federal law enforcement agencies play in our local communities, and we are proud to be a partner during this investigation.”

“Today’s actions shows that this elected official used his position of trust for personal gain. He didn’t think he would get caught. He was wrong,” said Adam Shanedling, Special Agent in Charge of the U.S. Department of Education Office of Inspector General’s Western Regional Office. “The OIG is proud to have been a part of the task force that investigated this matter and we’ll continue to work with our law enforcement partners to help safeguard the integrity of federal funds.”

The plea agreement requires Do to forfeit any assets connected to the bribery scheme, including the Tustin property his daughter purchased in 2023. As part of his daughter’s related diversion agreement, she also agreed to forfeit the Tustin property. The plea agreement requires Do to pay full restitution by paying back the bribe money he and his daughters received, which he has agreed to pay in full before he is sentenced. In August 2022, the government seized more than $2.4 million from VAS’s and Company #1’s bank accounts.

In a related agreement with the Orange County District Attorney’s Office (OCDA), attached as an exhibit to Do’s plea agreement, Do has agreed to immediately resign from the Orange County Board of Supervisors and to forfeit any pension credit for the time where he participated in the bribery conspiracy.

Once Do enters his guilty plea, he will face a statutory maximum sentence of five years in federal prison.

The FBI; the Orange County District Attorney’s Office Bureau of Investigation; the Federal Deposit Insurance Corp. Office of the Inspector General; IRS Criminal Investigation; and the United States Department of Education Office of the Inspector General investigated this matter.

This matter is being jointly prosecuted by the United States Attorney’s Office and OCDA. The prosecution is being led by Assistant United States Attorneys Charles E. Pell, Bradley E. Marrett, and Tara Vavere of the United States Attorney’s Office and Senior Deputy District Attorney Avery T. Harrison and Deputy District Attorneys Anthony J. Schlehner and L.J. Berger of the OCDA.

Any member of the public who has information related to this or any other public corruption matter in Orange County is encouraged to send information to the FBI’s email tip line at https://tips.fbi.gov and/or to contact the FBI’s Los Angeles Field Office at (310) 477-6565.

MIL Security OSI –

January 25, 2025
MIL-OSI Security: U.S. Attorney Adair F. Boroughs Appoints District Election Officer

Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

COLUMBIA, S.C. — United States Attorney Adair Ford Boroughs announced today that Assistant United States Attorney (AUSA) John Potterfield will lead the efforts of her office in connection with the Justice Department’s nationwide Election Day Program for the upcoming Nov. 5 general election. AUSA Potterfield has been appointed to serve as the District Election Officer (DEO) for the District of South Carolina, and in that capacity is responsible for overseeing the district’s handling of election day complaints of voting rights concerns, threats of violence to election officials or staff, and election fraud, in consultation with Justice Department Headquarters in Washington.

United States Attorney Boroughs said, “Every citizen must be able to vote without interference or discrimination and to have that vote counted in a fair and free election. Similarly, election officials and staff must be able to serve without being subject to unlawful threats of violence. The Department of Justice will always work tirelessly to protect the integrity of the election process.”

The Department of Justice has an important role in deterring and combatting discrimination and intimidation at the polls, threats of violence directed at election officials and poll workers, and election fraud. The Department will address these violations wherever they occur. The Department’s longstanding Election Day Program furthers these goals and also seeks to ensure public confidence in the electoral process by providing local points of contact within the Department for the public to report possible federal election law violations.

Federal law protects against such crimes as threatening violence against election officials or staff, intimidating or bribing voters, buying and selling votes, impersonating voters, altering vote tallies, stuffing ballot boxes, and marking ballots for voters against their wishes or without their input. It also contains special protections for the rights of voters, and provides that they can vote free from interference, including intimidation, and other acts designed to prevent or discourage people from voting or voting for the candidate of their choice. The Voting Rights Act protects the right of voters to mark their own ballot or to be assisted by a person of their choice (where voters need assistance because of disability or inability to read or write in English).

United States Attorney Boroughs stated that: “The franchise is the cornerstone of American democracy. We all must ensure that those who are entitled to the franchise can exercise it if they choose, and that those who seek to corrupt it are brought to justice. In order to respond to complaints of voting rights concerns and election fraud during the upcoming election, and to ensure that such complaints are directed to the appropriate authorities, AUSA/DEO Potterfield will be on duty in this district while the polls are open. He can be reached by the public at the following telephone numbers: 803-919-3092.”

In addition, the FBI will have special agents available in each field office and resident agency throughout the country to receive allegations of election fraud and other election abuses on election day. The FBI Columbia field office can be reached by the public at 803-551-4200.

Complaints about possible violations of the federal voting rights laws can be made directly to the Civil Rights Division in Washington, D.C. by complaint form at https://civilrights.justice.gov/ or by phone at 800-253-3931.

United States Attorney Boroughs said, “Ensuring free and fair elections depends in large part on the assistance of the American electorate. It is important that those who have specific information about voting rights concerns or election fraud make that information available to the Department of Justice.”

Please note, however, in the case of a crime of violence or intimidation, please call 911 immediately and before contacting federal authorities. State and

MIL Security OSI –

January 25, 2025
MIL-OSI Security: ALDI Executive and Southern Illinois Contractor Sentenced for Rigging Construction Project Bids, Ordered to Pay More Than $2.8 Million

Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

Ahead of the Threat Podcast: Episode Zero

Welcome to Ahead of the Threat, the FBI’s new podcast miniseries that brings together an FBI cyber executive and a private sector chief information security officer. Join Bryan Vorndran, assistant director of the FBI’s Cyber Division, and Jamil Farshchi, a strategic engagement advisor for the FBI who also works as an executive vice president and CISO of Equifax, as they discuss emerging cyber threats and the enduring importance of cybersecurity fundamentals. Featuring distinguished guests from the business world and government, Ahead of the Threat will confront some of the biggest questions in cyber: How will emerging technology impact corporate America? How can corporate boards be structured for cyber resilience? What does the FBI think about generative artificial intelligence? Listen to new episodes biweekly and stay Ahead of the Threat.

Charity and Disaster Fraud

Charity fraud scams can come in many forms: emails, social media posts, crowdfunding platforms, cold calls, etc. They are especially common after high-profile disasters. Always use caution and do your research when you’re looking to donate to charitable causes.

RYAN JAMES WEDDING

Conspiracy to Distribute and Possess with Intent to Distribute Controlled Substances; Conspiracy to Export Cocaine; Continuing Criminal Enterprise; Murder in Connection with a Continuing Criminal Enterprise and Drug Crime; Attempt to Commit…

Capitol Violence

The FBI is seeking to identify individuals involved in the violent activities that occurred at the U.S. Capitol and surrounding areas on January 6, 2021. View photos and related information here. If you have any information to provide, visit tips.fbi.gov or call 1-800-CALL-FBI.

MIL Security OSI –

January 25, 2025
MIL-OSI Security: United States Attorney Sayler Fleming Announces District Election Officers Responsible for Handling Election Day Complaints

Source: Federal Bureau of Investigation (FBI) State Crime News

ST. LOUIS – United States Attorney Sayler A. Fleming announced today that Assistant United States Attorneys (AUSA) Hal Goldsmith and Jennifer Roy will lead the efforts of her office in connection with the Justice Department’s nationwide Election Day Program for the Nov. 5, 2024, general election. AUSAs Goldsmith and Roy have been appointed to serve as the District Election Officers (DEO) for the Eastern District of Missouri, and are responsible for overseeing the district’s handling of election day complaints of voting rights concerns, threats of violence to election officials or staff, and election fraud, in consultation with Justice Department Headquarters in Washington.

United States Attorney Fleming said, “Every citizen must be able to vote without interference or discrimination and to have that vote counted in a fair and free election. Similarly, election officials and staff must be able to serve without being subject to unlawful threats of violence. The Department of Justice will always work tirelessly to protect the integrity of the election process.”

The Department of Justice has an important role in deterring and combatting discrimination and intimidation at the polls, threats of violence directed at election officials and poll workers, and election fraud. The Department will address these violations wherever they occur. The Department’s longstanding Election Day Program furthers these goals and also seeks to ensure public confidence in the electoral process by providing local points of contact within the Department for the public to report possible federal election law violations.

Federal law protects against such crimes as threatening violence against election officials or staff, intimidating or bribing voters, buying and selling votes, impersonating voters, altering vote tallies, stuffing ballot boxes, and marking ballots for voters against their wishes or without their input. It also contains special protections for the rights of voters, and provides that they can vote free from interference, including intimidation, and other acts designed to prevent or discourage people from voting or voting for the candidate of their choice. The Voting Rights Act protects the right of voters to mark their own ballot or to be assisted by a person of their choice (where voters need assistance because of disability or inability to read or write in English).

United States Attorney Fleming said, “The franchise is the cornerstone of American democracy. We all must ensure that those who are entitled to the franchise can exercise it if they choose, and that those who seek to corrupt it are brought to justice. In order to respond to complaints of voting rights concerns and election fraud during the upcoming election, and to ensure that such complaints are directed to the appropriate authorities, DEOs Goldsmith and Roy will be on duty in this District while the polls are open. They can be reached by the public at 314-539-7733.”

In addition, the FBI will have special agents available in each field office and resident agency throughout the country to receive allegations of election fraud and other election abuses on election day. You can reach the FBI online at tips.fbi.gov or by dialing 1-800-CALL-FBI (1-800-225-5324).

Complaints about possible violations of the federal voting rights laws can be made directly to the Civil Rights Division in Washington, DC by complaint form at https://civilrights.justice.gov/ or by phone at 800-253-3931.

United States Attorney Fleming said, “Ensuring free and fair elections depends in large part on the assistance of the American electorate. It is important that those who have specific information about voting rights concerns or election fraud make that information available to the Department of Justice.”

Please note, however, in the case of a crime of violence or intimidation, please call 911 immediately and before contacting federal authorities. State and local police have primary jurisdiction over polling places, and almost always have faster reaction capacity in an emergency.

MIL Security OSI –

January 25, 2025
MIL-OSI Security: U.S. Attorney’s Office Announces Election Day Program for 2024 General Election

Source: Federal Bureau of Investigation (FBI) State Crime News

ALBUQUERQUE – United States Attorney Alexander M.M. Uballez announced today that Assistant United States Attorneys (AUSAs) Jeremy Peña and Sean Sullivan will lead the efforts of his Office in connection with the Justice Department’s nationwide Election Day Program for the upcoming November 5, 2024, general election. AUSAs Peña and Sullivan have been appointed to serve as the District Election Officers for the District of New Mexico, and in that capacity are responsible for overseeing the District’s handling of election day complaints of voting rights concerns, threats of violence to election officials or staff, and election fraud, in consultation with Justice Department Headquarters in Washington.

“Our vote is our voice. That is why the Department of Justice will ensure every citizen can vote without interference or discrimination and have that vote counted in a fair and free election,” said U.S. Attorney Uballez. “Similarly, elections do not run themselves. We will protect our election officials and staff from interference and unlawful threats of violence. The Department will ensure that those who are entitled to the franchise can exercise it, and that those who seek to corrupt it are brought to justice.”

The Department of Justice has an important role in deterring and combatting discrimination and intimidation at the polls, threats of violence directed at election officials and poll workers, and election fraud. The Department will address these violations wherever they occur. The Department’s longstanding Election Day Program furthers these goals and also seeks to ensure public confidence in the electoral process by providing local points of contact within the Department for the public to report possible federal election law violations.

Federal law protects against such crimes as threatening violence against election officials or staff, intimidating or bribing voters, buying and selling votes, impersonating voters, altering vote tallies, stuffing ballot boxes, and marking ballots for voters against their wishes or without their input. It also contains special protections for the rights of voters, and provides that they can vote free from interference, including intimidation, and other acts designed to prevent or discourage people from voting or voting for the candidate of their choice. The Voting Rights Act protects the right of voters to mark their own ballot or to be assisted by a person of their choice (where voters need assistance because of disability or inability to read or write in English).

“The vote is the cornerstone of American democracy,” continued U.S. Attorney Uballez. “And ensuring free and fair elections depends on you. If you have specific information about voting rights concerns or election fraud, call us.”

Members of the public can reach AUSA Peña at (505) 269-2038 and AUSA Sullivan at (505) 350-3153 any time the polls are open in New Mexico.

In addition, the FBI will have special agents available in each field office and resident agency throughout the country to receive allegations of election fraud and other election abuses on election day. The FBI can be reached by the public at 1-800-CALL-FBI or tips.fbi.gov.

Finally, complaints about possible violations of the federal voting rights laws can be made directly to the Civil Rights Division in Washington, DC by complaint form at https://civilrights.justice.gov/ or by phone at 800-253-3931.

Please note, however, in the case of a crime of violence or intimidation, please call 911 immediately and before contacting federal authorities. State and local police have primary jurisdiction over polling places, and almost always have faster reaction capacity in an emergency.

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MIL Security OSI –

January 25, 2025
MIL-OSI Security: FBI Philadelphia Seeking Information in Arson and Sabotage

Source: Federal Bureau of Investigation (FBI) State Crime News

FBI Philadelphia is seeking the public’s assistance in identifying an unknown individual in the arson and sabotage of the side of a United States Department of Defense contractor building in State College, Pennsylvania.

On June 4, 2024, an unknown individual spray painted pro-Palestinian graffiti on the side of a United States Department of Defense contractor building located on Science Park Road in State College, Pennsylvania. The graffiti stated, “FOR THE MARTYRS”, “ESCALATE 4 RAFAH”, and “FREE PALESTINE”. The suspect then tried to enter the secure facility but fled on foot after being confronted by security.

In the early morning hours of June 9, 2024, the same individual returned to the location and spray-painted the building with “INTIFADA IS HERE” as well as an inverted red triangle indicting the “rising” is here. The individual also doused the area in a flammable liquid. The area included a compressed natural gas pipeline, a natural gas generator, and a nearby transformer, all of which are in close proximity to the building. The suspect set fire to the liquid and fled on foot in the same direction as the previous incident.

The suspect is described as being White, between 5’9” and 6’0” tall, with longer blond or light brown hair, and with a shoe size between a men’s 10 and 11 or a women’s 12 and 13.

The FBI is offering a reward of up to $10,000 for the arrest and conviction of the individual responsible.

If you have any information concerning this person, please contact your local FBI field office or the nearest American Embassy or Consulate.

FBI Philadelphia can be reached at (215) 418-4000.

MIL Security OSI –

January 25, 2025
MIL-OSI Security: Two Philadelphia Men Sentenced to Almost a Decade in Prison for Separate Gunpoint Carjackings in the City

Source: Federal Bureau of Investigation (FBI) State Crime News

Marc Anthony Targeted a Woman in Fairmount in 2022; Asiem Brooking Carjacked a Man in Olney in 2023

PHILADELPHIA – United States Attorney Jacqueline C. Romero announced that two Philadelphia men have each been sentenced to almost 10 years in prison for carrying out separate carjackings in the city.

Asiem Brooking, 21, was sentenced on October 17, 2024, by United States District Court Judge R. Barclay Surrick to 117 months in prison and three years of supervised release for committing an armed carjacking in the city’s Olney section in January 2023.

At around 8:15 p.m. on January 28, 2023, as a 54-year-old man was about to get out of his Nissan Altima on the 5400 block of North 6^th Street, Brooking opened the passenger side front door, pointed a gun at the victim, and threatened to kill him. After the victim complied with Brooking’s demand to hand over his wallet and keys, the defendant fled the scene in the Altima.

In May of 2023, Brooking was charged by indictment with one count of carjacking and one count of using and carrying a firearm during and in relation to a crime of violence. He pleaded guilty to both counts in July of this year.

Marc Anthony, also known as Nasir Johnson, 22, was sentenced on October 18, 2024, by United States District Court Judge Karen S. Marston to 115 months in prison and five years of supervised release for carjacking a woman at gunpoint in the city’s Fairmount section in January 2022.

At about 1:15 p.m. on January 6, 2022, Anthony and an unknown accomplice, both masked and armed with handguns, approached a 40-year-old woman who had just parked her Hyundai Sonata on the 800 block of North 28^th Street. As they ordered the victim out of the car at gunpoint, she asked to retrieve her dog from the back seat, struggling to do so as they yelled for her phone and passcode. Once the victim and her dog were clear, the carjackers fled the scene in the Sonata.

Anthony was charged by indictment in May 2022 with one count of carjacking and one count of using and carrying a firearm during and in relation to a crime of violence. He pleaded guilty to both charges in May of this year.

“These criminals who think nothing of terrorizing our community at gunpoint are a true priority for my office, the FBI, and our partners on Philadelphia Carjacking Task Force,” said U.S. Attorney Romero. “By ensuring that people like Brookings and Anthony are prosecuted and held accountable for their violent and disturbing crimes, we’re making the city safer — one offender, one block, one neighborhood at a time.”

These cases were investigated by the FBI Philadelphia Violent Crimes Task Force and the Philadelphia Police Department and are being prosecuted by Assistant United States Attorney Thomas M. Zaleski.

MIL Security OSI –

January 25, 2025