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Category: KB

  • MIL-OSI: FARMERS AND MERCHANTS BANCSHARES, INC. DECLARES CASH DIVIDEND OF $0.34 PER SHARE

    Source: GlobeNewswire (MIL-OSI)

    HAMPSTEAD, Md., June 09, 2025 (GLOBE NEWSWIRE) — On June 9, 2025, the Board of Directors of Farmers and Merchants Bancshares, Inc., the parent of Farmers and Merchants Bank, declared a cash dividend on the common stock of $0.34 per share, which will be paid on July 25, 2025 to stockholders of record on July 11, 2025.

    Please visit the investor relations section of our website, www.fmb1919.bank. It includes press releases, financial information, stock information, peer analysis, and information about Farmers and Merchants Bancshares, Inc.’s officers and directors.

    About Farmers and Merchants Bancshares, Inc.

    The Company is a financial holding company and the parent company of the Bank. The Bank was chartered in Maryland in 1919 and has over 100 years of service to the community. The Bank serves the deposit and financing needs of both consumers and businesses in Carroll and Baltimore Counties along the Route 30, Route 795, Route 140, Route 26, and Route 45 corridors. The main office is located in Upperco, Maryland, with seven additional branches in Owings Mills, Hampstead, Greenmount, Reisterstown, Westminster, Eldersburg, and Towson. Certain broker-dealers make a market in the common stock of Farmers and Merchants Bancshares, Inc., and trades are reported through the OTC Markets Group’s Pink Market under the symbol “FMFG”.

    FOR FURTHER INFORMATION CONTACT:

    Mr. Gary A. Harris
    President & CEO
    (410) 374-1510, Ext. 1104
     
    Farmers and Merchants Bancshares, Inc.
    4510 Lower Beckleysville Rd, Suite H
    Hampstead, Maryland 21074

    The MIL Network –

    June 10, 2025

  • MIL-OSI USA: Capito Joins Colleagues in Introducing Energy Choice Act of 2025

    US Senate News:

    Source: United States Senator for West Virginia Shelley Moore Capito

    WASHINGTON, D.C. – Recently, U.S. Senator Shelley Moore Capito (R-W.Va.), chairman of the Senate Environment and Public Works (EPW) Committee, helped introduce the Energy Choice Act of 2025, legislation led by U.S. Senator Jim Justice (R-W.Va.).

    “America needs more energy, and our state and local governments shouldn’t discriminate against baseload energy generation that increases security, affordability, and creates good paying across the country, simply because it doesn’t align with their political agendas. I’m proud to join my colleagues in introducing this legislation to prohibit restrictions on reliable energy that American families need,” Senator Capito said.

    “I am an energy guy from an energy-rich state. I know how important freedom of energy production is – which is why I’m proud to introduce Energy Choice Act of 2025. President Trump has stated the need to unleash American energy, and this bill helps facilitate just that. We have too great an energy crisis in this country, and we don’t have the luxury of picking the winners and losers when it comes to energy production. Americans ought to have the right to choose what is best for their energy needs,” Senator Justice said.

    BACKGROUND:

    • West Virginia has a storied history of energy production.
    • The Energy Choice Act would prohibit states and local governments from restricting or limiting the connection, reconnection, modification, installation, transportation, distribution, or expansion of a source of energy that is sold in interstate commerce to be delivered to an end-user of such services.
    • Representative Nick Langworthy (R-N.Y.-23) leads the House version of this bill, along with 37 cosponsors.

    Read more about the bill in Fox News.

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI USA: Capito Joins Bipartisan Bill to Improve Access to Eating Disorder Care for Seniors and People with Disabilities

    US Senate News:

    Source: United States Senator for West Virginia Shelley Moore Capito

    WASHINGTON, D.C. – U.S. Senator Shelley Moore Capito (R-W.Va.) joined Senators Maggie Hassan (D-N.H.), Lisa Murkowski (R-Alaska), and Amy Klobuchar (D-Minn.) in reintroducing the bipartisan Nutrition CARE Act. The legislation aims to improve access to care for seniors and people with disabilities who are living with eating disorders. 

    Specifically, the Nutrition CARE Act would expand access to medical care for Medicare beneficiaries with eating disorders by including coverage of outpatient medical nutrition therapy through Medicare Part B, which will provide patients with a more comprehensive, specialized approach to combating eating disorders than what is currently offered under Medicare. 

    “Eating disorders can affect anyone. They can also be particularly life-threatening for elderly Americans and those living with disabilities. The Nutrition CARE Act will expand access to medical nutrition therapy services for Medicare beneficiaries with eating disorders, helping them get the care they need to begin the path to recovery and live healthy lives,” Senator Capito said.

    The bipartisan Nutrition CARE Act would allow physicians, registered dieticians, nutrition specialists, and mental health professionals to provide medical nutrition therapy services to Medicare beneficiaries. Currently, Medicare beneficiaries who have an eating disorder can access psychiatric, therapy, and medical services. The expanded services would include 13 hours of medical nutrition therapy – including a one-hour initial assessment and 12 hours of reassessment and intervention – during the first year that the beneficiary begins receiving services. The beneficiary would then be able to access four hours of medical nutrition therapy services during each subsequent year.

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI United Kingdom: UK to become world leader in drug discovery as Technology Secretary heads for London Tech Week

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK to become world leader in drug discovery as Technology Secretary heads for London Tech Week

    New project to make the UK a leader in AI-drug discovery, as Imperial College also partners with the World Economic Forum on AI-Driven Innovation Centre.

    • New OpenBind consortium to make the UK a leader in AI-driven drug discovery – slashing the cost of drug discovery and development by as much as £100 billion. 
    • Imperial College London to partner with World Economic Forum to deliver new AI-Driven Innovation Centre – boosting AI adoption and innovation to grow the economy
    • Peter Kyle to set out plans at London Tech Week for technology to go further and faster in unlocking the growth driving the government’s Plan for Change

    People around the world are set to benefit from new breakthroughs in AI-driven drug discovery to tackle previously untreatable diseases and transforming patient outcomes using British AI and research expertise.  

    Announced today, the UK’s ‘OpenBind’ consortium will use breakthrough experimental technology to generate the world’s largest collection of data on how drugs interact with proteins, the building blocks of the body. This will be twenty times greater than anything collected over the last fifty years – cementing the UK’s position as a global hub for AI-driven drug discovery. 

    This will support the training of new AI models that can identify promising new drugs, giving researchers an unparalleled ability to open up new fronts in the fight against disease- slashing development costs by up to £100 billion and sparking the innovation and economic growth which underpins the government’s Plan for Change. 

    Based at Diamond Light Source – the UK’s national synchrotron facility at the Harwell Science Campus in Oxfordshire – the consortium will close critical data gaps, driving breakthroughs in healthcare which will unlock new avenues for drugs that can treat and beat diseases, as well as helping scientists harness the transformative potential of engineering biology to face down a range of other issues, such as designing new enzymes to tackle plastic waste. 

    The consortium, backed with up to £8 million of investment from DSIT’s newly established Sovereign AI Unit, will be led by some of the world’s leading scientific minds including Professor Charlotte Deane at the University of Oxford, Professor Frank von Delft at Diamond Light Source and the University of Oxford, and David Baker, Chemistry Nobel Prize winner and head of the Institute for Protein Design at Washington University. 

    The Secretary of State for Science, Innovation, and Technology, Peter Kyle said: 

    London Tech Week is where we lay down a marker – not just as a government with technology at the heart of our agenda, but as a country that will harness its opportunities for the global good.

    OpenBind is a prime example of how we’re doing exactly that. Through home-grown AI expertise, we will be the driving force that doesn’t just treat, but beats disease – benefitting every person in the world.

    This week, we’ll have plenty more to say on how we’re using technology to drive growth, improve public services, and transform communities all over the country – delivering a Plan for Change grounded in action, not words.

    This investment will also help to unlock unique strategic capabilities for UK AI and biosciences, securing the nation’s critical influence over a sector fundamental to growth, health, and wellbeing. 

    Investors from industry and philanthropy will be convened shortly to have the opportunity to co-invest and take the project to a point of maximum ambition. These discussion will include a roundtable at 10 Downing Street including Isomorphic Labs, Astex Pharmaceuticals, Apheris, Chai Discovery, Genentech, Genesis Therapeutics, Odyssey Therapeutix, Pfizer Inc, and Renaissance Philanthropy.

    Professor Gianluigi Botton, CEO, Diamond Light Source, said:

    At Diamond Light Source, a Joint Venture between the UK government through STFC and the Wellcome Trust, we are proud to be at the forefront of the UK’s ambition to lead the world in AI-driven drug discovery.

    OpenBind represents an exciting step forward in harnessing our unique capabilities to generate the high-quality data that AI needs to revolutionise healthcare, helping to cement the UK’s position as a global hub for bioscience innovation.

    Sir Demis Hassabis, CEO, Isomorphic Labs, said:

    High-quality biochemical data supports superior AI models, which in turn helps us design new drug candidates faster.

    We’re delighted to partner with the OpenBind Consortium and the UK government to cultivate this vital resource. This is a brilliant initiative for UK science, and we’re proud to support it from its inception.

    Artificial Intelligence has become one of the key drivers of the government’s Plan for Change, with its adoption across the economy sparking economic growth and creating jobs. Earlier this year the Prime Minister launched the AI Opportunities Action Plan – taking forward 50 recommendations which will mainline the technology into all sectors of the economy.   

    To accelerate AI’s rollout even further, Imperial College London has today announced it will partner with the World Economic Forum to deliver a Centre for AI Driven Innovation based in the UK. This dedicated centre will cement the UK’s global position as a leader in the technology, driving innovation by unlocking AI’s potential to transform economies across various sectors. The Centre will join the World Economic Forum’s Centre for the Fourth Industrial Revolution (C4IR) Network – a global network of 21 independent centres which bring together public and private sectors to maximise technological benefits while minimising risks. 

    The UK government will work with both organisations to co-design the Centre’s activities in alignment with the government’s ambitions to harness AI to deliver a new era of growth and opportunity. 

    Hugh Brady, President, Imperial College London said:  

    This is a pivotal moment for UK innovation where the power and creativity of our science and technology can drive economic growth. This new Centre for AI Driven Innovation will unlock AI’s potential to transform existing industries.

    Anchored in the World Economic Forum global network of Centres for the Fourth Industrial Revolution, the new Centre hosted by Imperial creates a powerful multi-stakeholder platform from research through to scalable real-world innovation and adoption.

    Børge Brende, President and CEO of World Economic Forum said: 

    We are excited to collaborate with Imperial College London and the Department for Science, Innovation and Technology to launch the Centre for AI Driven Innovation, the first UK-based centre in the World Economic Forum’s global Network of Centres for the Fourth Industrial Revolution.

    This milestone comes at a pivotal moment, as AI emerges as a powerful catalyst for prosperity and accelerated transformation across all sectors of the economy. The Centre will play a key role in helping the UK shape the global AI innovation agenda, providing a unique platform for collaboration with one of the world’s largest multistakeholder communities of AI experts.

    The announcements come as the Technology Secretary prepares to deliver his keynote address to London Tech Week later today, where his speech will set out the range of actions the government is taking to harness technology to boost growth, improve public services, and unlock new opportunities for communities across the UK.

    Further commentary welcoming today’s announcements:

    Professor Charlotte Deane of the University of Oxford said:

    OpenBind realises a major gear-shift for AI in drug discovery by investing in the data that powers it. 

    This funding will mean we can begin generating a catalogue that not only dwarfs in quantity everything messily accumulated over half a century, but transcends it in quality and is geared towards powering the AI algorithms.

    Professor Frank von Delft of Diamond Light Source and the University of Oxford said:

    OpenBind is unique double opportunity:  whereas to date we experimental scientists have generated data as a byproduct of answering our scientific questions, now we combine forces with AI scientists and produce the data their AIs actually need.  And to do so, we will align several very different types of experiments, harnessing recent dramatic advances, including those we’ve achieved at Diamond. 

    As this accelerates drug design, we will gain currently unthinkable ways to dissect how diseases work and what to do about them.

    Robin Roehm, CEO and co-founder of Apheris said:

    The utility of AI models in predicting protein-small molecule structure and affinity pairs hinges on the quality and scale of training data.

    The life sciences sector urgently needs more comprehensive data, and collaborative networks like the AI Structural Biology Consortium where multiple Pharmas jointly collaborate are an example of this. OpenBind has the potential to transform small molecule drug discovery by developing datasets that are orders of magnitude larger than what is currently available.

    Karmen Čondić-Jurkić, Executive Director and Co-Founder, Open Molecular Software Foundation (OMSF) said:

    OMSF is excited to participate in OpenBind and contribute to building open datasets and infrastructure that will power the next generation of ML/AI models for drug discovery. Expanding high-quality public datasets is essential for advancing molecular science, both for training and validating new computational approaches.

    We believe this collaboration is an opportunity to bring experimental and computational researchers closer together, accelerating innovation across the field.

    Mohammed AlQuraishi, Founder, OpenFold; Professor, Departments of Systems Biology and Computer Science, Columbia University, said:

    The task of predicting structures of molecules bound to proteins is challenged by a severe paucity of data, crucial for training data-hungry machine learning models such as OpenFold3.

    The OpenBind project is poised to transform this dynamic, first by providing significant amounts of new and diverse structural data to fuel machine learning, and second by working synergistically with OpenFold to focus data acquisition on molecules and proteins with the greatest potential for improving the accuracy of predictive models.

    David Rees PhD FMedSci, FRSC, Chief Scientific Officer, Astex Pharmaceuticals, Cambridge, UK.

    As a pioneer in fragment-based drug discovery, Astex is excited to be involved in this new initiative to build a unique database that will help the UK to remain at the forefront of developments in this field.

    Training AI models with experimentally determined protein-ligand crystal structure data can significantly accelerate the drug discovery process and deliver new medicines more efficiently.

    Dr Ed Griffen, Technical Director at MedChemica said:

    At MedChemica we apply chemistry machine learning at scale and speed to design and analyse large data sets to give exploitable knowledge.  

    One of the critical areas of weakness in drug discovery is relating how protein-drug structures are related to how strongly a possible drug binds to that protein structure. The goal of OpenBind is to gather and analyse enough of the right data so that machine learning can make useful predictions. With better predictions we can run drug hunting projects faster and cheaper, bringing new therapies to the clinic more quickly.

    OpenBind is a keystone in the bridge from basic science to new ways of treating the diseases and conditions that afflict patients world wide. OpenBind’s scale is globally strategic and leading beyond what is being done anywhere else. MedChemica is delighted and proud to be able to contribute to this endeavour.

    Joshua Meier, Co-founder and CEO, Chai Discovery, said:

    The UK’s OpenBind initiative provides the rich, open data frontier our AI models need to design better medicines faster, and we’re excited to contribute our open state-of-the-art structure prediction technology to this national effort.

    Notes to editors

    OpenBind will create the largest open dataset of experimentally validated drug–protein interactions in history. By addressing a long-standing gap in pharmaceutical R&D: the lack of high-quality, large-scale datasets linking small molecules to the proteins they bind. These datasets are essential for training high quality AI models for early-stage drug design.  

    OpenBind will deploy automated chemistry and high-throughput X-ray crystallography to eventually generate more than 500,000 protein – ligand complex structures and affinity measurements over 5 years. This would represent a 20-fold increase over all public data produced in the last half-century – filling a critical gap in the data ecosystem that has slowed the development and evaluation of modern generative models.  

    OpenBind provides a foundational dataset that will underpin progress across multiple areas of technology – including structure prediction, generative molecular design, docking, and active learning workflows. It is designed to work in synergy with other emerging approaches to help reduce trial-and-error experimentation, inform candidate selection, and support more systematic exploration of chemical space.  

    OpenBind’s senior consortium principal investigators are: 

    • Professor Frank von Delft (Diamond Light Source and University of Oxford) 
    • Professor Charlotte Deane (University of Oxford) 
    • Dr John Chodera (Memorial Sloan Kettering Cancer Centre) 
    • Dr Mark Murcko (MIT and Disruptive Biomedical LLC)
    • Professor Mohammed AlQuraishi (Columbia University)  
    • Professor David Baker (University of Washington) 
    • Dr Ed Griffen (MedChemica Limited) 
    • Professor Paul Brennan (University of Oxford) 
    • Professor Sir David Stuart (Diamond Light Source)
    • Dr Martin Walsh (Diamond Light Source)

    About Diamond Light Source

    Diamond Light Source provides industrial and academic user communities with access to state-of-the-art analytical tools to enable world-changing science. Shaped like a huge ring, it accelerates electrons to near light speeds, producing a light 10 billion times brighter than the sun, which is then directed off into 35 laboratories known as beamlines. In addition to these, Diamond offers access to several integrated laboratories including the world-class Electron Bio-imaging Centre (eBIC) and the Electron Physical Science Imaging Centre (ePSIC).     

    Diamond serves as an agent of change, addressing 21st century challenges such as disease, clean energy, food security and more. Since operations started, more than 16,000 researchers from both academia and industry have used Diamond to conduct experiments, with the support of approximately 800 world-class staff. More than 14,000 scientific articles have been published by our users and scientists.     

    Funded by the UK government through the Science and Technology Facilities Council (STFC), and by the Wellcome Trust, Diamond is one of the most advanced scientific facilities in the world, and its pioneering capabilities are helping to keep the UK at the forefront of scientific research.     

    Diamond was set-up as an independent not for profit company through a joint venture, between the UKRI’s Science and Technology Facilities Council and one of the world’s largest biomedical charities, the Wellcome Trust – each respectively owning 86% and 14% of the shareholding.     

    DSIT media enquiries

    Email press@dsit.gov.uk

    Monday to Friday, 8:30am to 6pm 020 7215 3000

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    Updates to this page

    Published 9 June 2025

    MIL OSI United Kingdom –

    June 10, 2025

  • MIL-OSI Security: Metairie Resident Sentenced for Receipt of Child Sexual Abuse Material

    Source: Office of United States Attorneys

    NEW ORLEANS, LA – Acting U.S. Attorney Michael M. Simpson announced today that CARSON RIESS (“RIESS”), age 41, of Metairie, Louisiana, was sentenced on May 27, 2025, to 60 months imprisonment followed by 15 years of supervised release by U.S. District Judge  Jay C. Zainey after previously pleading guilty to receipt of child pornography, in violation of Title 18, United States Code, Sections 2252(a)(2) and (b)(1).  Additionally, RIESS was ordered to pay $172,500 in restitution to numerous victims as well as a $100 mandatory special assessment fee.

    According to court documents, the case against RIESS stemmed from an online Child Sexual Abuse Material (CSAM) investigation by the U.S. Department of Homeland Security, Homeland Security Investigations (HSI).  On May 20, 2024, HSI special agents, along with members of the Jefferson Parish Sheriff’s Office, executed two federal search warrants at RIESS’ Metairie home.  HSI agents seized a computer from RIESS’ residence during the search, confirmed this laptop contained Child Sexual Abuse Material, and subsequently arrested RIESS and charged him with the receipt of CSAM.  HSI’s investigation revealed RIESS received images and videos depicting the sexual exploitation of minors.

    This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse launched in May 2006 by the Department of Justice.  Led by United States Attorney’s Offices and the Criminal Division’s Child Exploitation and Obscenity Section (CEOS), Project Safe Childhood marshals federal, state and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims.  For more information about Project Safe Childhood, please visit www.projectsafechildhood.gov.

    Acting U.S. Attorney Simpson praised the work of the U.S. Department of Homeland Security and the Jefferson Parish Sheriff’s Office.  This case is being prosecuted by Assistant United States Attorney Stuart Theriot of the Narcotics Unit.

    MIL Security OSI –

    June 10, 2025

  • MIL-OSI Security: Rapid City Man Sentenced to Just Over Ten Years in Federal Prison for Voluntary Manslaughter

    Source: Office of United States Attorneys

    RAPID CITY – United States Attorney Alison J. Ramsdell announced today that U.S. District Judge Karen E. Schreier has sentenced a Rapid City, South Dakota, man convicted of Voluntary Manslaughter. The sentencing took place on June 6, 2025.

    Vincent Boesem, age 32, was sentenced to ten years and one month in federal prison, followed by three years of supervised release, and ordered to pay a $100 special assessment to the Federal Crime Victims Fund.

    A federal grand jury indicted Boesem in March 2023. He pleaded guilty on March 14, 2025.

    Between July 3, 2022, and July 4, 2022, Boesem and his elderly uncle had been drinking together at the uncle’s home within the Pine Ridge Reservation. While intoxicated with alcohol and methamphetamine, Boesem became enraged and beat the victim about his head, face, and body. Although Boesem ultimately called 911 to get medical help, the victim succumbed to his injuries. Boesem acted in the heat of passion, that is, in an uncontrollable rage and with an extreme emotional disturbance.

    This matter was prosecuted by the U.S. Attorney’s Office because the Major Crimes Act, a federal statute, mandates that certain violent crimes alleged to have occurred in Indian country be prosecuted in Federal court as opposed to State court.

    This case was investigated by the FBI and the Oglala Sioux Tribe Department of Public Safety. Assistant U.S. Attorney Heather Knox prosecuted the case.

    Boesem was immediately remanded to the custody of the U.S. Marshals Service.

    MIL Security OSI –

    June 10, 2025

  • MIL-OSI: Dune Acquisition Corporation II Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing June 12, 2025

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, June 09, 2025 (GLOBE NEWSWIRE) — Dune Acquisition Corporation II (Nasdaq: IPODU) (the “Company”) today announced that, commencing June 12, 2025, holders of the units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s Class A ordinary shares and warrants included in the units.

    No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will trade on The Nasdaq Stock Market under the symbols “IPOD” and “IPODW,” respectively. Those units not separated will continue to trade on The Nasdaq Stock Market under the symbol “IPODU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into Class A ordinary shares and warrants.

    Dune Acquisition Corporation II was founded by its Chief Executive Officer, Carter Glatt. The Company is a blank check company whose business purpose is to effect a merger, amalgamation, share capital exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry or geographic region, the Company intends to focus its search for an initial business combination on companies within the software as a service, artificial intelligence, medtech or asset management and consultancy sectors.

    Clear Street acted as sole book-runner of the offering.

    The offering was made only by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained from Clear Street, Attn: Syndicate Department, 150 Greenwich Street, 45th Floor, New York, NY 10007, by email at ecm@clearstreet.io, or from the SEC website at www.sec.gov.

    A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on May 6, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    Cautionary Note Concerning Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements,” including with respect to the search for an initial business combination. No assurance can be given that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

    Contact

    Carter Glatt
    Chief Executive Officer
    Dune Acquisition Corporation II
    ir@duneacq.com
    (917) 742-1904

    The MIL Network –

    June 10, 2025

  • MIL-OSI: iDox.ai Launches Redaction Engine That Learns You: Personalized AI Now Available

    Source: GlobeNewswire (MIL-OSI)

    Fremont, California, June 09, 2025 (GLOBE NEWSWIRE) — iDox.ai has launched a significant enhancement to its document redaction tool platform, iDox.ai Redact, with the introduction of Personalized AI, a suite of features that allows redaction tools to intelligently adjust based on document type, redaction history, and user behavior.

    iDox.ai Logo

    The Personalized AI update addresses the growing demand for smarter and more adaptable document processing in industries handling sensitive information, including legal, healthcare, finance, and law enforcement. Rather than relying on static rules, iDox.ai Redact now learns over time, providing users with redaction tools that become increasingly accurate and tailored to their workflows.

    Key components of the release include:

    • Document Type Recognition: The AI automatically identifies document categories—such as contracts, medical records, or police reports—and adjusts its logic to match relevant redaction standards. This includes context-aware entity detection, like patient identifiers in medical files or license numbers in law enforcement records.
    • Adaptive Entity Recognition: The system identifies and redacts sensitive content based on prior user actions, learning from ongoing redaction behavior to improve future performance.
    • Regulation-Aware Data Profiles: Now supports a broad range of sensitive information types—including PII, PHI, racial covenants, and key business and financial data—with built-in awareness of compliance standards like HIPAA, GDPR, and FOIA.
    • Manual Edits and Overrides: Users retain full control with the ability to fine-tune or override AI suggestions through a real-time editing interface.
    • Whitelisting Functionality: Organizations can preserve specific terms or phrases from redaction, such as job titles or internal codes, improving accuracy and consistency.
    • User and Team Learning: The system evolves with each user and team’s redaction patterns, allowing it to provide more precise, context-appropriate suggestions as it accumulates insights.

    “Our mission with Personalized AI is to deliver smarter, more human-aware redaction,” said Jeremy Wei, Founder of iDox.ai. “It’s about context, control, and continuously improving performance tailored to each organization’s needs.”

    The Personalized AI capabilities are now available to all current users of iDox.ai Redact. This release strengthens iDox.ai’s position at the forefront of AI-driven redaction by uniting adaptive personalization with deep regulatory awareness, enabling organizations to safeguard sensitive data while keeping pace with changing compliance requirements.

    About iDox.ai

    Designed for compliance-intensive environments, iDox.ai leverages artificial intelligence to automate and optimize document workflows across industries, with a primary focus on protecting sensitive data through features like PDF redaction, data security, and extraction.

    The MIL Network –

    June 10, 2025

  • MIL-OSI: HDFC ERGO General Insurance Wins Duck Creek Standard of Excellence Customer Award at Formation ’25

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, June 09, 2025 (GLOBE NEWSWIRE) — Duck Creek Technologies, the global intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, today announced HDFC ERGO General Insurance Company Limited (HDFC ERGO), India’s leading private sector general insurer, as a 2025 Standard of Excellence Customer Award winner at Formation ’25, its flagship customer conference held in Orlando, Florida. A digital-first company, transforming into an AI-first company, HDFC ERGO is a leading general insurer of India, which is known for introducing pioneering and futuristic tech solutions in the Indian insurance landscape to offer its customers the best-in-class service experience.

    The Duck Creek Standard of Excellence Customer Awards recognize customers who have achieved the highest level of excellence through their implementation of Duck Creek solutions and who have a vision to advance their business, while reimagining the future of insurance. HDFC ERGO earned recognition for accelerating product launches, streamlining system integration, and increasing market agility using Duck Creek’s solutions, including Policy, Billing, Rating, and Insights.

    The Indian insurance market is undergoing a major transformation with a growing customer demand and the need for hyper-personalized services. The Insurance Regulatory and Development Authority of India (IRDAI) has also been encouraging the insurers to develop agile and customer-centric products so as to fuel insurance inclusion among diverse demographics and across the diverse geographies in the country. HDFC ERGO’s adoption of Duck Creek’s low-code, highly configurable platform to design a pioneering AI-enabled, real-time policy issuance system marks a significant milestone, where now the insurer has transformed the end-to-end process for its Health and Fire lines of business.

    “At HDFC ERGO, our endeavour has been to offer best-in-class solutions and experience to our customers. The behaviour and requirements of today’s customers have evolved to a great extent, where they expect dynamic, hyper-personalized, and innovative solutions, and the insurance industry is not an exception in this changed ecosystem. Hence as a customer-focused organization, we were looking for a technology partner, who would enable us to offer innovative products, efficient services, and better analytical insights in an integrated manner to provide a seamless experience to our customers. The tech enablement from Duck Creek matched perfectly to this requirement,” said Sriram Naganathan, President & CTO at HDFC ERGO General Insurance Company Limited. “We are happy and honored to receive the Duck Creek Standard of Excellence Award. We believe with these new tech enhancements we will set a new benchmark in the insurance industry and propel the cause of insurance inclusion in India — thus also supporting the vision of ‘Insurance for All by 2047’ of IRDAI— the Indian insurance regulator.”

    The scale of the project was massive, involving over 45 business users, 150+ IT developers working in parallel across seven systems integrator partners, designing 300+ product covers, 300+ business rules, and executing 10,000+ test scenarios. The solutions were delivered in only nine months, with their commercial fire product first to go live, followed by their health product soon thereafter. Key results include:

    • Product launch time reduced from 4-5 months to just four weeks, allowing rapid response to market demands and regulatory changes.
    • Dramatic productivity gains for agents with quotes generated almost instantly and agents able to offer 4-5 alternative product options rather than just a single choice.
    • Operational efficiency and risk reduction by drastically reducing manual data entry, minimizing compliance risks, and improving accuracy. Straight-through processing completed tasks in just 3-4 minutes, instead of hours or days.
    • Elevated customer experience driven by policies now being processed in near real time, instead of in hours and days. Customers are now also offered data-driven product recommendations and better-suited options, leading to improved engagements.

    “We are proud to honor HDFC ERGO General Insurance with the 2025 Standard of Excellence Customer Award,” said Christian Erickson, Vice President and General Manager, APAC at Duck Creek Technologies. “HDFC ERGO’s digital transformation stands as a benchmark for innovation and execution in the insurance industry. As our first customer in the in India market, we are thrilled to be HDFC ERGO’s strategic partner, with our suite of products helping drive meaningful business outcomes and value for the business, their customers, and shareholders. HDFC ERGO exemplifies the forward-thinking, customer-focused approach that defines the future of insurance. We congratulate them on this well-deserved recognition.”

    About Duck Creek Technologies   
    Duck Creek Technologies is the global intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X.

    Media Contacts:   
    Marianne Dempsey/Tara Stred   
    duckcreek@threeringsinc.com 

    About HDFC ERGO General Insurance Company Limited:

    HDFC ERGO General Insurance Company Limited, one of the leading private sector general insurance companies of India, whose promoters are HDFC Bank Limited, one of India’s leading private sector banks, and ERGO International AG, the primary insurance entity of Munich Re Group.

    A digital-first company, transforming into an AI-first company, HDFC ERGO is a leader in implementing technology to offer customers the best-in-class service experience.

    HDFC ERGO offers a complete range of General Insurance products including Health, Motor, Home, Agriculture, Travel, Credit, Cyber and Personal Accident in the retail space along with Property, Marine, Engineering, Marine Cargo, Group Health and Liability Insurance in the corporate space.

    The Company has created a stream of innovative & new products as well as services using technologies like Artificial Intelligence (AI), Machine Learning (ML), Natural Processing Language (NLP), and Robotics. HDFC ERGO offers a range of general insurance products and has a completely digital sales process with 299 branches and 600+ digital offices across India. HDFC ERGO’s technology platform has empowered the customers to avail services digitally on a 24×7 basis, with 70%+ claims for retail products intimated digitally and over 80% of service interactions are catered digitally of which 10% are AI led. The Company issued ~3.4 crore policies in FY25 and has one of the best claims payout ratios in the General Insurance industry.

    Be it unique insurance products, integrated customer service models, top-in-class claim processes or a host of technologically innovative solutions, HDFC ERGO has been able to delight its customers at every touch-point and milestone to ensure consumers are serviced in real-time.

    Social Media:

    Facebook: https://www.facebook.com/hdfcergo

    Twitter: https://twitter.com/hdfcergogic

    LinkedIn: https://www.linkedin.com/company/hdfcergo

    YouTube: https://youtube.com/c/hdfcergo

    Media Contacts:
       
    Shilpi Bose
    Shilpi.bose@hdfcergo.com

    The MIL Network –

    June 10, 2025

  • MIL-OSI: CEA Industries Enters Canadian Vape Market with Completion of Fat Panda Acquisition

    Source: GlobeNewswire (MIL-OSI)

    Closes Acquisition of Leading Vape Operator with 33 Locations and Over 50% Market Share in Central Canada

    Adds High-Margin, CAD $38.5 Million Revenue Platform to Accelerate Growth and Drive Shareholder Value

    Conference Call Scheduled for June 11, 2025 at 4:30pm ET to Review the Supporting Investor Presentation on the CEA Industries Website

    Louisville, Colorado, June 09, 2025 (GLOBE NEWSWIRE) — CEA Industries Inc. (NASDAQ: CEAD, CEADW) (“CEA Industries” or the “Company”), today announced the completion of its acquisition of Fat Panda Ltd. (“Fat Panda”), Central Canada’s largest independent vape retailer and vertically integrated manufacturer. The acquisition accelerates CEA’s strategic diversification while establishing a scalable platform in one of the fastest-growing sectors of the regulated nicotine market.

    Founded in 2013, Fat Panda operates 33 high-traffic retail locations across Manitoba, Ontario, and Saskatchewan, supported by a national e-commerce platform. The company’s vertically integrated model includes ISO-certified manufacturing facilities for its e-liquid production and direct supplier relationships, enabling product consistency, streamlined sourcing, and improved cost structure. With over 50% regional market share and a loyal customer base, Fat Panda generated approximately CAD $38.5 million (USD $28.5 million) in revenue with 39% gross margins and CAD $8.0 million (USD $5.9 million) (before ownership distributions) in adjusted EBITDA in the fiscal year ended April 30, 2024, based on preliminary unaudited results.

    “This acquisition marks a significant milestone for CEA as we expand into a dynamic, high-growth regulated vertical benefiting from strong consumer demand,” said Tony McDonald, Chairman and CEO of CEA Industries. “Fat Panda brings an established brand, experienced leadership, and a highly profitable operating model that can be rapidly scaled with our capital and strategic support. Importantly, this acquisition exemplifies our commitment to identifying accretive opportunities that can unlock meaningful long-term value for our shareholders.”

    “Joining CEA Industries provides the financial strength and operational support to accelerate our vision,” said Jordan Vedoya, Co-Founder and President of Fat Panda. “We are excited to deepen our footprint, elevate our e-commerce presence, and continue delivering value through Fat Panda’s customer-centric approach across Canada’s regulated vape industry.”

    Fat Panda will operate under its existing brand led by the current management team to ensure a seamless transition with uninterrupted operations. Mr. Vedoya will also lead integration efforts and spearhead expansion across both retail and digital channels.

    Strategic Benefits of the Transaction

    • Leads Central Canada’s Regulated Vape Market – Fat Panda operates 33 corporate-owned stores across three provinces with over 50% regional market share, establishing immediate category leadership.
    • Expands Scalable Omnichannel Platform – Combines a national e-commerce footprint with high-traffic retail locations, driving over CAD $2 million in annual online sales.
    • Drives Margin Accretion Through Vertical Integration – In-house manufacturing and direct supplier relationships support 39% gross margins and CAD $8.0 million in adjusted EBITDA in fiscal year 2024.
    • Establishes Durable Competitive Moat – Proprietary product formulations, a robust trademark portfolio, and regulatory alignment under the Tobacco and Vaping Products Act (TVPA) differentiate Fat Panda in the dynamic regulatory landscape.
    • Enables Platform Growth Through Expansion and M&A – With CEA Industries capital and strategic support, Fat Panda is positioned to open new locations, acquire complementary retailers, and scale profitably across Canada.

    Transaction Terms

    The CAD $18.0 million (USD $12.6 million) purchase price comprises approximately CAD $12.1 million in cash, 39,000 shares of CEAD common stock with an agreed value of CAD $700,000, and seller notes totaling CAD $2.56 million. A portion of the purchase price was funded by a short-term loan from a United States based lender in the amount of USD $4.0 million, which is due in six months. In addition, CAD $2.6 million has been placed in escrow to support post-closing adjustments, indemnity obligations, and employee-related matters.

    Conference Call and Investor Presentation

    CEA Industries will host a conference call to discuss the acquisition and strategic implications for the Company on Wednesday, June 11, 2025 at 4:30pm ET. A live webcast and accompanying investor presentation will be available on the Investor Relations section of the Company’s website at www.ceaindustries.com.

    To access the call, please use the following information:

    A replay of the webcast will be available shortly after the event and archived online.

    About CEA Industries Inc.

    CEA Industries Inc. (NASDAQ: CEAD) is a growth-oriented company focused on building category-leading businesses in regulated consumer markets. With a focus on the high-growth, Canadian nicotine vape industry, one of the fastest-expanding segments of the global nicotine market, CEA Industries targets scalable operators with strong regulatory alignment, defensible market share, and high-margin business models. The Company provides capital, operational expertise, and strategic resources to accelerate retail expansion, strengthen e-commerce infrastructure, and drive long-term value creation in performance-driven sectors. For more information, visit www.ceaindustries.com.

    Forward Looking Statements

    This press release may contain statements of a forward-looking nature relating to future events. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. These statements reflect our current beliefs, and a number of important factors could cause actual results to differ materially from those expressed in this press release, including the factors set forth in “Risk Factors” set forth in our annual and quarterly reports filed with the Securities and Exchange Commission (“SEC”), and subsequent filings with the SEC. Please refer to our SEC filings for a more detailed discussion of the risks and uncertainties associated with our business, including but not limited to the risks and uncertainties associated with our business prospects and the prospects of our existing and prospective customers; the inherent uncertainty of product development; regulatory, legislative and judicial developments, especially those related to changes in, and the enforcement of, cannabis laws; increasing competitive pressures in our industry; and relationships with our customers and suppliers. Except as required by the federal securities laws, we undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise. The reference to CEA’s website has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.

    Non-GAAP Financial Measures

    To supplement our financial results on U.S. generally accepted accounting principles (“GAAP”) basis, we use non-GAAP measures including net bookings and backlog, as well as other significant non-cash expenses such as stock-based compensation and depreciation expenses. We believe these non-GAAP measures are helpful in understanding our past performance and are intended to aid in evaluating our potential future results. The presentation of these non-GAAP measures should be considered in addition to our GAAP results and are not intended to be considered in isolation or as a substitute for financial information prepared or presented in accordance with GAAP. We believe these non-GAAP financial measures reflect an additional way to view aspects of our operations that, when viewed with our GAAP results, provide a more complete understanding of factors and trends affecting our business.

    Investor Contact:

    Sean Mansouri, CFA or Aaron D’Souza
    Elevate IR
    info@ceaindustries.com
    (720) 330-2829

    The MIL Network –

    June 10, 2025

  • MIL-OSI: ETC Announces Fiscal 2025 Full Year and Fourth Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    SOUTHAMPTON, Pa., June 09, 2025 (GLOBE NEWSWIRE) — Environmental Tectonics Corporation (OTC Pink: ETCC) (“ETC” or the “Company”) today reported its financial results for the fourteen week period ended February 28, 2025 (the “2025 fiscal fourth quarter”) and the fifty-three week period ended February 28, 2025 (“fiscal 2025”).

    Robert L. Laurent, Jr., ETC’s Chief Executive Officer and President stated, “Our strong backlog and pipeline of opportunities once again translated into increases in net sales, gross profit margin, operating income and net income. These results reflect growth in each of our business units with sales increasing to $62.9 million, gross profit increasing to $18.5 million, and net income increasing to $13.1 million or $0.75 diluted earnings per share in fiscal 2025 as compared to net income of $1.8 million or $0.09 diluted earnings per share in fiscal 2024. We believe we remain well positioned for the future with a backlog of $87 million and strong pipeline of opportunities at February 28, 2025.”

    Fiscal 2025 Results of Operations

    Net Income

    Net income was $13.1 million, or $0.75 diluted earnings per share, in fiscal 2025, compared to net income of $1.8 million during fiscal 2024, equating to $0.09 per diluted share. The $11.2 million variance is primarily attributable to a $19.6 million increase in sales, a $6.1 million increase in gross profit, slightly offset by a $0.8 million increase in operating expenses. Fiscal 2025 is also being positively impacted by an income tax benefit of $5.6 million, primarily associated with the partial reversal of valuation allowance previously recorded against the deferred tax asset. The deferred tax asset valuation allowance on federal deferred tax assets and certain state deferred tax assets was reversed in fiscal 2025, as it is now more likely than not that the Company will be able to fully realize these deferred tax assets.

    Net Sales

    Net sales for fiscal 2025 was $62.9 million, an increase of $19.6 million, or 45.3%, compared to fiscal 2024 net sales of $43.3 million. The increase is a result of higher International sales of $13.4 million, of which $9.3 million are within Aircrew Training Solutions (“ATS”) and $3.5 million are within Commercial Industrial Systems (“CIS”) as well as higher Domestic sales of $6.2 million, $6.0 million of which are within CIS. Further, sales in fiscal 2025 increased the greatest within the ATS business unit and Sterilizer Systems business unit, accounting for $9.9 and $7.4 million, respectively, of the overall increase of $19.6 million.

    Gross Profit

    Gross profit for fiscal 2025 was $18.5 million compared to $12.5 million in fiscal 2024, an increase of $6.1 million, or 48.7%. The increase in gross profit was primarily due to higher net sales within the ATS and Sterilizers System business units. Gross profit margin as a percentage of net sales increased to 29.4% in fiscal 2025 compared to 28.8% in fiscal 2024.

    Operating Expenses

    Operating expenses, including sales and marketing, general and administrative, and research and development, for fiscal 2025 was $10.3 million compared to $9.5 million in fiscal 2024, an increase of $0.8 million, or 8.1%. An increase in selling and marketing expenses, primarily driven by higher sales and an increase in general and administrative expenses, due primarily to an increase in salary and related expenses, along with an increase in professional fees was offset slightly by a decrease in research and development expenses.

    Interest Expense, Net

    Interest expense, net, for fiscal 2025 was $1.2 million compared to $0.9 million in fiscal 2024, an increase of $0.3 million, or 31.6%, due primarily to higher borrowing attributable to the leaseback of the Southampton, Pennsylvania demonstration equipment in fiscal 2025.

    Other (Income) Expense, Net

    Other income, net, for fiscal 2025 was ($0.4) million, compared to other expense, net, of $0.3 million in fiscal 2024 a favorable variance of ($0.7) million, or (221.5%) attributable to a gain realized from the sale of the Southampton, Pennsylvania demonstration equipment in fiscal 2025.

    Income (Benefit) Taxes

    As of February 28, 2025, the Company reviewed the components of its deferred tax assets and determined, based upon all available information, that it is more likely than not that deferred tax assets relating to its federal deferred tax assets and certain state deferred tax assets will be realized. Accordingly, we reversed the previously recorded valuation allowance against these deferred tax assets. If in the future there is a change in our ability to realize these deferred tax assets, then our tax valuation allowance may increase in the period in which we determine that realization is no longer more likely than not. An income tax benefit of $5.6 million was recorded in fiscal 2025 compared to income tax benefit of $0.1 million recorded in fiscal 2024.

    Fiscal 2025 Fourth Quarter Results of Operations

    Net Income

    Net income was $7.6 million, or $0.45 diluted earnings per share, in the 2025 fiscal fourth quarter, compared to net income of $2.8 million during the 2024 fiscal fourth quarter, equating to $0.17 diluted earnings per share. The $4.8 million variance is a result of $2.7 million of increased sales, $0.6 million increase in other income attributable to the sale of the Company’s demonstration equipment offset slightly by an 8.9% decrease in gross profit margin percentage, primarily attributable to increased aeromedical center building sales and higher interest expense attributable to the demonstration equipment lease. The 2025 fiscal fourth quarter is also being positively impacted by a $5.5 million increase in income tax benefit attributable to the reversal of the deferred tax asset valuation allowance.

    Net Sales

    Net sales for the 2025 fiscal fourth quarter were $19.1 million, an increase of $2.7 million, or 16.4%, compared to net sales of $16.4 million for the 2024 fiscal fourth quarter. The increase reflects higher overall sales within the ATS and Sterilizer Systems business units.

    Gross Profit

    Gross profit was $4.7 million in the 2025 fiscal fourth quarter, a decrease of $0.8 million, or 14.5% compared to gross profit of $5.5 million for the 2024 fiscal fourth quarter. Gross profit margin as a percentage of net sales decreased to 24.6% in the 2025 fiscal fourth quarter compared to 33.5% in 2024 fiscal fourth quarter. The majority of the decrease was a direct result of the increase in aeromedical center building sales, which is lower margin then ETC’s core business as the work is being performed by a sub-contracted construction firm. Excluding the aeromedical center building sales, gross profit margin would have been approximately 29.7%. As the building construction of the aeromedical center accelerates over the next year, ETC expects gross profit margin to be lower in fiscal 2026 as compared to fiscal 2025.

    Operating Expenses

    Operating expenses, including sales and marketing, general and administrative, and research and development, for the 2025 fiscal fourth quarter were $2.7 million, an increase of $0.2 million, or 6.1%, compared to $2.5 million for the 2024 fiscal fourth quarter. The increase in operating expenses was due primarily to higher general and administrative expenses slightly offset by lower selling and marketing and research and development expenses in the 2025 fiscal fourth quarter compared to the 2024 fiscal fourth quarter.

    Interest Expense, Net

    Interest expense, net, for the 2025 fiscal fourth quarter was $0.6 million compared to $0.2 million in the 2024 fiscal fourth quarter, an increase of $0.4 million, or 146.6%, reflecting increased borrowing attributable to the leaseback of the demonstration equipment in 2025 fiscal fourth quarter.

    Other (Income) Expense, Net

    Other income, net, for 2025 fiscal fourth quarter was ($0.5) million, compared to other expense, net, of $0.1 million in 2024 fiscal fourth quarter, a favorable variance of ($0.6) million, or (721.0%) attributable to a gain realized from the sale of the Southampton, Pennsylvania demonstration equipment in the 2025 fiscal fourth quarter.

    Income (Benefit) Taxes

    An income tax benefit of $5.7 million was recorded in the fiscal 2025 fourth quarter compared to an income tax benefit of $0.2 million in the 2024 fiscal fourth quarter. The increase in the income tax provision in the 2025 fiscal fourth quarter was driven primarily by the reversal of the valuation allowance on federal deferred tax assets and certain state deferred tax assets. This reversal is attributable to the change in the Company’s operating profit and expected ability to realize these deferred tax assets.

    Liquidity and Capital Resources

    As of February 28, 2025, the Company’s availability under the PNC Revolving Line of Credit was $2.2 million. This reflected cash borrowings of $14.3 million and net outstanding standby letters of credit of approximately $3.5 million. As of June 9, 2025, the date of our most current Revolving Line of Credit statement, the Company’s availability under the PNC Revolving Line of Credit was approximately $1.2 million. The Company had working capital of $19.7 million as of February 28, 2025 compared to working capital of $8.7 million as of February 23, 2024. The increase in working capital was primarily the result of a significant increase in contract assets and reduction in contract liabilities partially offset by a decrease in prepaid assets and increase in accounts payable, trade and an increase in the current portion of lease obligations. With unused availability under the Company’s various current lines of credit, the further conversion of contract assets and inventory into cash, the collection of milestone payments associated with several International contracts, and expected deposits on fiscal 2026 bookings, the Company anticipates its sources of liquidity will be sufficient to fund its operating activities, anticipated capital expenditures, and debt repayment obligations throughout fiscal 2025.

    On February 3, 2025, the Company entered into a Financing and Security Agreement with Coeur Capital, Inc. that provided for a line of credit of up to $3.0 million. The company is able to draw on the line transferring and assigning acceptable accounts receivable to Coeur Capital. The Financing and Security Agreement remains in full force until terminated by either party upon advanced written notice. As of February 28, 2025, the Company’s availability under this Financing and Security Agreement was $3.0 million. As of June 9, 2025, the date of our report, the Company’s availability under this Financing and Security Agreement with Coeur Capital was $3.0 million.

    Cash flows from operating activities

    During fiscal 2025, cash flows used by operating activities were $3.9 million, an increase of $0.2 million compared to fiscal 2024 cash flows used by operating activities of $3.7 million. Cash flows in fiscal 2025 increased as a result of the increase in contract assets and decrease in contract liabilities partially offset by net income for the fiscal year.

    Cash flows from investing activities

    Cash flows from investing activities primarily relates to funds for capital expenditures in property, plant, and equipment and software development. The Company’s fiscal 2025 investing activities provided $3.6 million as compared to fiscal 2024 investing activities which used $0.3 million. The change in investing activities is attributable to $4.0 million from the sale leaseback of the demonstration equipment in Southampton, Pennsylvania.

    Cash flows from financing activities

    During fiscal 2025, the Company’s financing activities provided $1.7 million from borrowings under the Company’s credit facility to support the significant increase in manufacturing, compared to fiscal 2024 borrowings of $2.7 million.

    About ETC

    ETC was incorporated in 1969 in Pennsylvania. For over five decades, we have provided our customers with products, services, and support. Innovation, continuous technological improvement and enhancement, and product quality are core values that are critical to our success. We are a significant supplier and innovator in the following areas: (i) software driven products and services used to create and monitor the physiological effects of flight, including high performance jet tactical flight simulation, fixed and rotary wing upset prevention and recovery and spatial disorientation, and both suborbital and orbital commercial human spaceflight: altitude (hypobaric) chambers; hyperbaric chambers for multiple persons (multiplace chambers) collectively, Aircrew Training Systems (“ATS”);; (ii) Advanced Disaster Management Simulators (“ADMS”); (iii) steam and gas (ethylene oxide) sterilizer systems (“Sterilizer Systems” or “Sterilizers”); and (iv) Environmental Testing and Simulation Systems (“ETSS”).

    We operate in two primary business segments, Aerospace Solutions (“Aerospace”) and Commercial/Industrial Systems (“CIS”). Aerospace encompasses the design, manufacture, and sale of: (i) ATS products; and (ii) ADMS, as well as integrated logistics support (“ILS”) for customers who purchase these products or similar products manufactured by other parties. These products and services provide customers with an offering of comprehensive solutions for improved readiness and reduced operational costs. Sales of our Aerospace products are made principally to U.S. and foreign government agencies and to civil aviation organizations. CIS encompasses the design, manufacture, and sale of: (i) sterilizer systems; and (ii) ETSS; as well as parts and service support for customers who purchase these products or similar products manufactured by other parties. Sales of our CIS products are made principally to the healthcare, pharmaceutical, and automotive industries.

    ETC-PZL Aerospace Industries Sp. z o.o. (“ETC-PZL”), our 100%-owned subsidiary in Warsaw, Poland, is currently our only operating subsidiary. ETC-PZL manufactures certain simulators and provides software to support products manufactured domestically within our Aerospace segment.

    The majority of our net sales are generated from long-term contracts with U.S. and foreign government agencies (including foreign military sales (“FMS”) contracted through the U.S. Government) for the research, design, development, manufacture, integration, and sustainment of ATS products, including Chambers and the simulators manufactured and sold through ETC-PZL, collectively, ATS. The Company also enters into long-term contracts with domestic and international customers for the sale of sterilizer systems and ETSS. Net sales of ADMS are generally much shorter term in nature and vary between domestic and international customers. We generally provide our products and services under fixed-price contracts.

    ETC’s unique ability to offer complete systems, designed and produced to high technical standards, sets it apart from its competition. ETC’s headquarters is located in Southampton, PA. For more information about ETC, visit http://www.etcusa.com/.

    Forward-looking Statements

    This news release contains forward-looking statements, which are based on management’s current expectations and are subject to uncertainties and changes in circumstances. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements, and these statements may include words such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “future”, “predict”, “potential”, “intend”, or “continue”, and similar expressions. We base our forward-looking statements on our current expectations and projections about future events or future financial performance. Our forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about ETC and its subsidiaries, the economy and other factors that may cause actual results to be materially different from any future results implied by these forward-looking statements. We caution you not to place undue reliance on these forward-looking statements.

                     
    Table A                
                     
    Environmental Tectonics Corporation
    Consolidated Comprehensive Statement of Operations and Comprehensive Income
                     
                     
    (in thousands, except per share information)   Fifty-three / Fifty-two weeks ended   Variance
        February 28, 2025 February 23, 2024   ($)   (%)
    Net sales   $ 62,943     $ 43,307     $ 19,636     45.3  
    Cost of goods sold     44,420       30,848       13,572     44.0  
    Gross Profit     18,523       12,459       6,064     48.7  
    Gross profit margin %     29.4 %     28.8 %     0.6 %   2.1 %
                     
    Operating expenses     10,260       9,494       766     8.1  
    Operating income     8,263       2,965       5,298     178.7  
    Operating margin %     13.1 %     6.8 %     6.3 %   92.6 %
                     
    Interest expense, net     1,183       899       284     31.6  
    Other (income) expense, net     (361 )     297       (658 )   -221.5  
    Income before income taxes     7,441       1,769       5,672     320.6  
    Pre tax margin %     11.8 %     4.1 %     7.7 %   187.8 %
                     
    Income tax provision (benefit)     (5,622 )     (51 )     (5,571 )   10923.5  
    Net income     13,063       1,820       11,243     617.7  
    Preferred Stock Dividends     (493 )     (484 )     (9 )   1.9  
    Income attributable to common and participating shareholders   $ 12,570     $ 1,336     $ 11,234     840.9  
                     
    Per share information:                
    Basic earnings per common and participating share:            
    Distributed earnings per share:                
    Common   $ –     $ –          
    Preferred   $ 0.08     $ 0.08     $ –     0.0  
    Undistributed earnings per share:                
    Common   $ 0.81     $ 0.09     $ 0.72     800.0  
    Preferred   $ 0.81     $ 0.09     $ 0.72     800.0  
    Diluted earnings per share   $ 0.75     $ 0.09     $ 0.66     733.3  
                     
    Total basic weighted average common and participating shares     15,572       15,569          
                     
    Total diluted weighted average shares     16,655       15,569          
    Table B                
                     
    Environmental Tectonics Corporation
    Consolidated Comprehensive Statement of Operations and Comprehensive Income
                     
        Fourteen / Thirteen weeks ended   Variance
    (in thousands, except per share information)   February 28, 2025   February 23, 2024   ($)   (%)
    Net sales   $ 19,098     $ 16,414     $ 2,684     16.4  
    Cost of goods sold     14,394       10,915       3,479     31.9  
    Gross Profit     4,704       5,500       (795 )   -14.5  
    Gross profit margin %     24.6 %     33.5 %     -8.9 %   -26.7 %
                     
    Operating expenses     2,665       2,513       153     6.1  
    Operating income     2,039       2,987       (948 )   -31.6  
    Operating margin %     10.7 %     18.2 %     -7.5 %   -40.8 %
                     
    Interest expense, net     613       249       365     146.6  
    Other (income) expense, net     (504 )     81       (584 )   -721.0  
    Income before income taxes     1,930       2,658       (728 )   -27.4  
    Pre-tax margin %     10.1 %     16.2 %     -6.2 %   (38.2 )
                     
    Income tax provision (benefit)     (5,682 )     (171 )     (5,511 )   3222.8  
    Net income     7,612       2,829       4,783     169.1  
    Preferred Stock dividends     (130 )     (121 )     (9 )   7.4  
    Income attributable to common and participating shareholders   $ 7,482     $ 2,708     $ 4,774     176.3  
                     
    Per share information:                
    Basic earnings per common and participating share:                
    Distributed earnings per share:                
    Common   $ –     $ –     $ –      
    Preferred   $ 0.02     $ 0.02     $ –     0.0  
    Undistributed earnings per share:                
    Common   $ 0.48     $ 0.17     $ 0.31     182.4  
    Preferred   $ 0.48     $ 0.17     $ 0.31     182.4  
    Diluted earnings per share   $ 0.45     $ 0.17     $ 0.28     164.7  
                     
                     
    Total basic weighted average common and participating shares     15,582       15,569          
                     
    Total diluted weighted average shares     16,725       15,569          

    The MIL Network –

    June 10, 2025

  • MIL-OSI USA: In Response To The Recent Antisemitic Attacks Across The Nation, Gillibrand, Schumer, Nadler, Goldman Stand With Jewish Community Leaders In Calling For Additional Funds To Protect The Jewish Community

    US Senate News:

    Source: United States Senator for New York Kirsten Gillibrand

    Today, in response to a recent surge in violent antisemitic terror attacks, U.S.Senators Kirsten Gillibrand and Charles E. Schumer and Representatives Jerrold Nadler and Dan Goldman stood with Jewish leaders and other faith leaders requesting that the Nonprofit Security Grant Program (NSGP) be robustly funded to keep communities safe. The funding allocated by this program supports nonprofit organizations most at risk of attack through the acquisition and installation of physical target hardening measures, related preparedness and prevention planning, training, and exercises, and contracted security personnel so that religious and community-based organizations have the critical resources and tools they need to protect lives and property.

    This comes in response to the recent wave of antisemitic attacks across the country, including the arson attack at Pennsylvania Governor Josh Shapiro’s home, the murder of two Israeli Embassy staffers in Washington, D.C., and the tragedy in Colorado last Sunday in which 15 people were injured when Molotov cocktails were thrown at them at a peaceful demonstration calling for the release of the hostages in Gaza. In 2024, there were 9,354 antisemitic incidents across the United States. This was an 893% increase over the previous 10 years and represents the highest number of incidents on record since the Anti-Defamation League began tracking these statistics 46 years ago.

    “Since October 7, 2023, we have seen a disturbing rise in hate crimes across the country and at home in New York targeted toward members of the Jewish faith,” said Senator Gillibrand. “America was founded on the principle of the free exercise of religion. That means that every American has the right to live without fear of being attacked for their faith, and I am fighting to make sure that continues by robustly funding the Nonprofit Security Grant Program. My message to the Jewish community is that I stand united with you against antisemitism, now and always.” 

    “The persistent cascade of intolerance and violence as the state of hate in America rises to a boiling point demands a much stronger federal response, because we are in a crisis,” said U.S. Senator Charles Schumer. “In many ways, the vulnerability and increased danger in houses of worship and not-for-profits has never been higher. That is why I am pushing for $500 million for the Nonprofit Security Grant Program—and increased funding for technical assistance to help organizations apply for grants—to counter, contain and ultimately crush the fear—and the threats—plaguing places of worship, religious schools, and other nonprofit organizations. We will fight hard to achieve this funding goal and do all we can to ensure places of worship are safe.”

    “Just 8 days ago, we witnessed the latest in a string of horrific attacks against Jews. This attack fell against the backdrop of a surge of Antisemitism nation-wide, which has especially peaked since Hamas’ horrific terrorist attack on October 7th, 2023— the bloodiest day in Jewish history since the Holocaust. This moment demands a swift response. That is why I signed a bipartisan letter last week calling for a $500 million funding level for the Non-Profit Security Grant Program and I continue to echo that call. Such an increase is a necessary step to help ensure Jews’ physical safety. I hope both sides of the aisle and all branches of government come together to get this done,” said Rep. Jerry Nadler (NY-12). “In this time of American Jews experiencing an unprecedented rise in antisemitism, I also am sad to have to say that the Trump Administration is acting as a catalyst, not a deterrent. If President Trump were actually serious about combatting antisemitism, he’d start by firing the known antisemites in his own administration. In this unprecedented time for American Jews, we must ensure antisemites find no safe haven, no matter their political affiliations or positions of power.”

    “We don’t need to look further than the murders of two young Israeli Embassy workers outside the Capital Jewish Museum or the attacks on Jews during a peaceful protest in Boulder to understand that antisemitic hate is not just rising — it’s exploding into deadly violence,” said Karen Paikin Barall, Vice President, Government Relations, Jewish Federations of North America. “These are not isolated incidents; they are part of a deeply troubling trend that threatens the safety, dignity, and freedom of the Jewish community. By providing adequate funding, we can help protect places of worship, education, and community gatherings from the growing threats they face. Silence and inaction are not options — lives are on the line.”

    “In the face of sharply escalating antisemitic violence nationwide, including the horrific recent antisemitic attacks, the NSGP is a lifeline that enables synagogues, Jewish community centers, and other vulnerable institutions to take meaningful steps to protect their congregants and staff,” said Eric S. Goldstein, CEO, UJA-Federation of New York. “UJA is urgently calling for a significant increase in funding for the NSGP and we are deeply grateful for the steadfast leadership of Senator Gillibrand and Leader Schumer, and members of the New York House delegation, who continue to champion the safety and security of Jewish New Yorkers.”

    “Our Jewish communities are reeling from a wave of horrific, antisemitic acts of terror—part of an unprecedented surge in antisemitism we’ve witnessed since October 7th across the country and here in New York. In the face of persistent threats targeting Jewish individuals and institutions, it is imperative that the federal government provide robust funding for the Nonprofit Security Grant Program, which is already the law but needs resources to be fully operationalized,” said Mark Treyger, CEO of JCRC-NY. “Increasing Nonprofit Security Grant funding is a vital step toward ensuring that all vulnerable communities can gather and live in safety. JCRC-NY will continue working to uproot antisemitic hate before it takes hold and to build a future grounded in mutual respect and shared humanity. While we continue this important work, we also urge our leaders to call out the inflammatory rhetoric that has predictably led to this surge in antisemitic acts of terror. We are deeply grateful to Leader Schumer, Senator Gillibrand, and members of the Congressional delegation for their leadership on this urgent matter”

    “In the aftermath of the horrific attacks against Jewish Americans in Washington, D.C. and Boulder, there’s no more compelling argument for robust federal funding for Jewish institutional security. It’s time. Last year ADL recorded over 1,700 antisemitic incidents targeting Jewish institutions,” said Jonathan Greenblatt, CEO, ADL. “In this climate of escalating threats, every additional dollar for the Nonprofit Security Grant Program is a lifeline — right now, the demand far outpaces the available resources. I’m proud to be standing with these Congressional leaders pushing for an increase in funding to ensure that synagogues, schools, and community centers can take basic steps to protect themselves.”

    “Years ago, a police car in front of a synagogue was a rarity, and today it is a reality,” said Rabbi Joseph Potasnik, Executive Vice President, New York Board of Rabbis. “Years ago, standing up for the Jewish people was most venerable; today it makes you most vulnerable. Thus, we are most grateful to Senators Schumer and Gillibrand for seeking additional funding for security purposes. Their steadfast support is most reassuring, especially during this difficult period.”

    Every year, Congress must specifically allocate funding for the NSGP, which helps nonprofits deemed by the Department of Homeland Security to be at risk of attack plan for and ready themselves against potential attacks. In addition to hardening facilities, this program has improved efforts to keep at-risk nonprofit organizations safe by promoting emergency preparedness coordination and collaboration activities between public and private community representatives, as well as with state and local government agencies.

    For years, Senator Gillibrand has successfully pushed to include funding for the NSGP in the budget. In Fiscal Year 2024, Gillibrand and Schumer successfully secured $454.5 million in funding for the NSGP. The Jewish community remains one of the top targets of faith-based hate crimes in the U.S., and that danger has only increased since October 7, 2023. Senators Gillibrand and Schumer will continue to prioritize the safety of these and other faith communities throughout New York State. 

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI USA: VIDEO: Rep. Pressley Condemns Trump’s Authoritarian Assault on Harvard, Nonprofits

    Source: United States House of Representatives – Congresswoman Ayanna Pressley (MA-07)

    Trump Admin. Weaponizing Tax Laws to Silence Dissent, Attack Nonprofits Providing Essential Services to Vulnerable People

    “This is about Trump and Republicans punishing people who disagree with them. It is about attacking nonprofits of all sizes that serve the vulnerable and marginalized and stand in the gap for our communities. It’s about trying to intimidate every charity and nonprofit in this country and spark a fear that if you speak up – if you do something the Republicans don’t like – you could be next.”

    Video (YouTube)

    WASHINGTON – Today, in a House Oversight Subcommittee hearing, Congresswoman Ayanna Pressley (MA-07) condemned Donald Trump’s targeted, authoritarian assault on nonprofit organizations it disagrees with. Congresswoman Pressley discussed the Trump Administration’s efforts to revoke the tax-exempt status of Harvard University as part of Republicans’ broader campaign to punish dissent and attack organizations that serve vulnerable communities.

    A full transcript of the Congresswoman’s remarks is below and the video is available here.

    Transcript: Pressley Condemns Trump’s Authoritarian Assault on Harvard, Nonprofits

    House Oversight DOGE Subcommittee

    June 4, 2025

    REP. PRESSLEY: Thank you to our witnesses for being here today. 

    What we are witnessing from Occupant Trump, his Administration, and Republicans writ-large is not governance – it is a targeted, dangerous assault on the independence of our nonprofit organizations. 

    We’ve seen these attacks take many forms, perhaps most visibly in my own district – the Massachusetts 7th – as the administration continues its unlawful campaign against Harvard University. Trump has threatened to revoke Harvard’s tax-exempt status, freeze billions in federal funding for scientific research to save lives, might I add, and publicly vilify students and faculty – all part and parcel of his attacks on education. 

    But let me make it plain: this isn’t just about Harvard and it’s definitely not about government efficiency – the name of this subcommittee. 

    This is about Trump and Republicans punishing people who disagree with them. 

    It is about attacking nonprofits of all sizes that serve the vulnerable and marginalized and stand in the gap for our communities. 

    It’s about trying to intimidate every charity and nonprofit in this country and spark a fear that if you speak up – if you do something the Republicans don’t like – you could be next.

    A hospital that provides abortion care. A local food pantry that feeds immigrants. Or an advocacy group that fights for civil rights.

    Donald Trump is weaponizing our tax laws to attack nonprofits at the same time he is pushing for tax cuts for Elon Musk and billionaires.

    Ms. Yentel, can the President or Executive Branch legally revoke a nonprofit’s tax-exempt status simply because it disagrees with that organization’s lawful speech or mission?

    DIANE YENTEL: They can’t. The statute is very clear that that is illegal.

    REP. PRESSLEY: Thank you. Republicans think the answer is yes, but that would mean every nonprofit in America is just one tweet away from being targeted by the federal government.

    I am proud that in the Massachusetts 7th, community-based organizations are speaking up and fighting back against Republican attacks. And I know they are doing it at risk of serious threat.

    Ms. Yentel, can you make plain what are the consequences to charities and nonprofits losing tax-exempt status?

    MS. YENTEL: Well, tax exempt status is given to nonprofit organizations that do essential work to meet needs in their local communities, in exchange for significant transparency and accountability. And if nonprofit organizations lose their tax exempt status, it could create significant challenges for them to be able to do their work related to how and where they get their funding, and it could cause them to have to shut down their work altogether.

    REP. PRESSLEY: Their work which is to the betterment of us all, which is to the collective, our shared constituents. 

    MS. YENTEL: Yes.

    REP. PRESSLEY: Very good. Let’s put this in perspective:

    Trump is firing government workers that administer programs like Head Start and Social Security while also attacking non-profits that provide resources and supports to vulnerable populations.

    Trump and his Republican cult do not care about helping people who are struggling. Instead, they want to make them suffer more.  

    Now, before I yield back, let me ask the Republican witnesses: if you all think Trump is right for revoking tax-exempt status for nonprofits for their political views, raise your hand then if you think the Heritage Foundation – who wrote Project 2025 – should also lose their tax-exempt status? 

    Show of hands, by the logic that is being applied. 

    MR. WALTER: I’m not aware of any nonprofit that’s had its status revoked. 

    REP. PRESSLEY: Again, the question that I’m posing is, would you please raise your hand if you think the Heritage Foundation who wrote Project 2025 should also lose their tax exempt status? 

    Show of hands.

    MR. WALTER: It’s a perfectly a reasonable speech by a nonprofit. 

    REP. PRESSLEY: So none of you, so none of you, none of you.

    The shame and the sham of it all.

    Before I yield back, Ms. Yentel, I know that you have been harangued intensely throughout today’s proceedings. Is there anything that you would like to set the record straight on or respond to in my remaining time? 

    MS. YENTEL: Thank you, Congresswoman. I would like to use the remaining time to remind us all and every member of this committee of the vital, essential work that nonprofit organizations do in each of your communities, for your constituents, and the work that we do to support them in that work. Nonprofit organizations are local. They are transparent and accountable. They are non-partisan, by law and in practice, and they do essential work to meet the needs of all of your communities and all Americans. Thank you.

    REP. PRESSLEY: Thank you. I yield back.

    ###

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI USA: Rep. Lauren Underwood Delivers Remarks at Agriculture Subcommittee Markup to Highlight How Republicans are Increasing Costs for Farmers and Rural Communities

    Source: United States House of Representatives – Congresswoman Lauren Underwood (IL-14)

    During today’s House Appropriations subcommittee markup of the 2026 Agriculture, Rural Development,  Food and Drug Administration, and Related Agencies funding bill, Rep. Lauren Underwood (IL-14) delivered the following remarks: 

    ““Mr. Chairman, I strongly oppose the Fiscal Year 2026 Agriculture, Rural Development, and FDA Appropriations bill we are considering today. 

    While the Trump Administration and my Republican colleagues on this Committee like to talk about reducing chronic disease and protecting children’s health, their actions speak louder.   

    With the dangerous funding cuts in this bill, they are turning their backs on working families, rural communities, and public health.  

    At a time when tobacco use remains the leading cause of preventable death in America and poses a grave threat to American youth – with over 2 million middle and high school students reporting tobacco use in 2024 – we should be prioritizing the data-driven public health investments that are proven to work, not undermining FDA’s power to regulate Big Tobacco. 

    This bill is yet another example of the Trump Administration’s focus destroying the tools that help FDA hold Big Tobacco accountable to the American people.  

    This bill is so extreme that it even blocks FDA from finalizing a commonsense rule to ensure that tobacco products are not contaminated with foreign substances like glass, fingernails, rocks, direct, and mold.   

    If my Republican colleagues cannot even take a stand against cigarettes with fingernails in them, then their position is clear — they are not willing to regulate the President’s friends and donors in the tobacco industry and they are not serious about protecting public health.  

    So instead of devoting FDA resources to regulating tobacco, this bill proposes to waste agency resources—and taxpayer funds—on an unnecessary review of mifepristone. 

    We already have decades of evidence showing that mifepristone is a safe and effective medication that safeguards women’s health and lives.  

    Medical experts describe mifepristone as among the safest medications being used today.   

    Yet FDA Commissioner Makary has recently “committed to conducting a review of mifepristone,” and this bill includes report language supporting this wasteful review that is based on fraudulent junk science.  

    So, let’s be honest about what this bill does. It’s not going to make women safer. It’s a waste of taxpayer resources and another attack from this Administration on our bodily autonomy.  

    Throughout this appropriations process, we have heard so much about using federal dollars wisely, controlling costs, and supporting everyday Americans. 

    Yet another way that this bill fails to deliver on those goals is by flat-funding the WIC program despite rising costs for the mothers and children who rely on it. 

    WIC is one of the most cost-effective public health programs we have. If my Republican colleagues actually cared about government efficiency, they would invest in programs like WIC that we know improve health outcomes for families.  

    Instead, this bill reverses the progress we have made on child nutrition and puts eligible moms and kids on waiting lists. That’s not efficient—it’s just irresponsible. 

    This bill slashes the cash-value benefits for fruits and vegetables, cutting access to healthy food for children during their most critical growth years while hurting American farmers. 

    Under this bill, a toddler’s fruit and veggie benefit is lower than it was last year. That’s not fiscal discipline—it’s nutritional sabotage. You don’t balance a budget on the backs of babies.  

    Let’s be clear: this isn’t saving money long-term. When we deny healthy food to pregnant moms and young kids, we increase the risk of preterm birth, developmental delays, and chronic illness. That’s more hospital visits, higher Medicaid costs, and worse outcomes for families.  

    WIC needs to be fully funded—not frozen—and benefits need to reflect the science. That’s what the families we represent deserve.  

    So I urge my colleagues to reject this misguided bill, and to work together on a smarter funding plan that genuinely supports American families and protects public health”

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI USA: Action Taken by Governor Phil Scott on Legislation – June 9, 2025

    Source: US State of Vermont

    Montpelier, Vt. – Governor Phil Scott announced action on the following bills, passed by the General Assembly.

    On June 9, Governor Scott signed bills of the following titles:

    • S.53, An act relating to certification of community-based perinatal doulas and Medicaid coverage for doula services
    • S.59, An act relating to amendments to Vermont’s Open Meeting Law

    When signing S.53, Governor Scott issued the following statement:

    “While I support greater access to perinatal care in Vermont, I believe outstanding operational concerns must be addressed before we seek to amend our Medicaid plan to allow Medicaid reimbursement for community-based perinatal doulas. We must ensure that community-based perinatal doula professional certification standards are consistent with federal expectations before Medicaid reimbursement is finalized. If this requires further legislation next year, it’s my hope the Legislature will address this area of concern.”

    On June 9, Governor Scott returned without signature and vetoed S.125, An act relating to collective bargaining and sent the following letter to the General Assembly:

    Dear Mr. Bloomer:

    Pursuant to Chapter II, Section 11 of the Vermont Constitution, I am returning S.125, An act relating to collective bargaining, without my signature because of my objections described herein:

    This bill would effectively unionize a group of Judiciary employees with a simple definitional change. I’m concerned that despite unions testifying this was a priority for their organization, employees who would be impacted by this bill were not consulted or asked to testify.

    The Judiciary has advised this change could have a negative impact on the effective management of courthouses and fear a workplace marked by divisiveness and angst were this bill to pass. At a time when our court system is managing a significant backlog, we should be focusing on improving efficiencies within the system.

    Further, this bill seeks to bolster existing unions by significantly increasing the voting threshold for union decertification. This means it will be much more difficult for employees who do not feel well represented to consider their alternatives.  

    I support collective bargaining, but I believe employees should have choices for which union they belong to. This bill seeks to make it harder for employees, if they choose, to seek union representation from other organizations. I believe the threshold to trigger a vote for certification should be the same as decertification.

    Our employees should be heard and respected and for this reason I cannot allow this bill to go into law. 

    Sincerely,

    /s/

    Philip B. Scott

    Governor

    To view a complete list of action on bills passed during the 2025 legislative session, click here.

    ###

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Heliogen, Inc. (OTCQX: HLGN)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 09, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Heliogen, Inc. (OTCQX: HLGN) related to its sale to Zeo Energy Corp. Upon closing of the proposed transaction, Heliogen’s securityholders will receive shares of Zeo’s Class A common stock valued at approximately $10 million in the aggregate, based on a Zeo Class A common stock price of $1.5859 per share, and subject to an adjustment mechanism based on Heliogen’s net cash at the closing.

    Click here for more information https://monteverdelaw.com/case/heliogen-inc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

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    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
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    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

    June 10, 2025

  • MIL-Evening Report: Some economists have called for a radical ‘global wealth tax’ on billionaires. How would that work?

    Source: The Conversation (Au and NZ) – By Venkat Narayanan, Senior Lecturer – Accounting and Tax, RMIT University

    Rudy Balasko/Shutterstock

    Earlier this year, I attended a housing conference in Sydney. The event’s opening address centred on the way Australia seems to be becoming like 18th-century England – a country where inheritance largely determines one’s opportunities in life.

    There has been a lot of media coverage of economic inequities in Australian society. Our tax system has been partly blamed for this problem. The case for long-term, visionary tax reform has never been stronger. And one area of tax reform could be a wealth tax.

    First, let’s be clear about one thing. Unlike the superannuation tax reforms currently being debated for those with more than A$3 million in superannuation, the wealth tax we’re talking about would apply to a very different cohort: billionaires.

    A recent article in the Financial Times re-examined a proposal to impose such a tax on the world’s highest-net-worth individuals. It also pointed out these efforts would need to be globally coordinated.

    Such taxes could collect significant sums of money for governments. It’s previously been estimated a billionaire tax could raise US$250 billion (more than A$380 billion) globally if just 2% of the net worth of the world’s billionaires was taxed each year.

    The case for a wealth tax

    Inequality is on the rise and the argument for a wealth tax can’t be ignored – not least here at home. According to the Australia Institute, the wealth of Australia’s richest 200 people has soared as a percentage of our national gross domestic product (GDP) – from 8.4% in 2004 to 23.7% in 2024.

    If that sounds dramatic, the picture is far worse in the United States. So, what would a wealth tax look like in Australia (noting that in reality a globally coordinated effort would be needed)?

    The starting point for this is understanding of why high-net-worth individuals seemingly pay very low taxes.

    High net worth, low tax rate

    Income taxes only take into account any amounts that are received in the hands of the taxpayer – whether that is a company, a person or a trust.

    Most high-net-worth individuals do not receive much income directly but “store” their wealth in companies and other corporate structures.

    In Australia, the maximum applicable tax rate for companies is 30%. Note that the highest tax rate in Australia for individuals is 45% plus the 2% medicare levy, effectively 47%.

    Assets such as real estate may also be held by companies or trusts, and the increase in value of these assets is not taxed until they are sold (through capital gains tax).

    Even then, those gains may not be paid out directly to the high-net-worth individual who owns these entities.

    Unrealised gains

    So, how do we tax wealth that is sitting in various businesses (company structures) or other entities, but isn’t taxed at present because the “income” or “gains” from these are not taxable in the hands of the wealthy individuals who own them?

    This goes into the murky area of taxation of unrealised gains. Here, we need to tread very carefully. But we also need to recognise that we already do this, albeit rather subtly, and most of us are not billionaires.

    In your rates notice from your local council, for example, the increase in value of your residence or investment property is used to calculate your rates.

    The real difficulty, to carry on with this example, is that your residence or investment property is typically held in your name and so the tax can be directly levied on you.

    A luxury residence in Miami Beach, Florida, owned by Jeff Bezos, founder of Amazon. The US is home to the most billionaires of any country in the world.
    Felix Mizioznikov/Shutterstock

    Making tax unavoidable

    As we’ve already explained, the bulk of the assets or net worth of wealthy individuals is not directly attributable to them. Does this mean we should give up altogether?

    Not quite. UNSW professor Chris Evans has pointed out that while we may not be able to effectively tax all the net worth of the wealthy, there are some things we can tax and they can’t avoid it.

    An obvious example is real estate. You can pack your bags and bank accounts and move to a low-tax country, but you can’t move your mansion overlooking Sydney Harbour.

    Real estate, both residential and commercial, provides one clear way in which we could implement a partial wealth tax. This method (which also has fewer valuation issues than value stored in a company in the form of retained profits) also counters the argument that the wealthy will simply move to other jurisdictions that won’t tax them.

    There is plenty of academic research looking at various wealth tax initiatives in other countries. We should learn from these, including the experience in Switzerland and Sweden.

    In Sweden, for instance, research found the behavioural effects of wealth taxation were less pronounced than those of income taxation, but the system had so many loopholes that evasion was an option for some people.

    Change faces headwinds

    In a very uncertain world that features ongoing wars and an unpredictable US president, any change that seeks to address issues of inequity is going to be met with resistance by those who hold power.

    Some billionaires in the US, however, have expressed their support for being taxed more in a letter signed by heirs to the Disney and Rockefeller fortunes. That offers some hope, and suggests the discussion about wealth taxes should not be relegated to the “too hard” basket.

    Some steps towards taxing the uber-rich would be better than the status quo.

    Venkat Narayanan does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Some economists have called for a radical ‘global wealth tax’ on billionaires. How would that work? – https://theconversation.com/some-economists-have-called-for-a-radical-global-wealth-tax-on-billionaires-how-would-that-work-257632

    MIL OSI Analysis – EveningReport.nz –

    June 10, 2025

  • MIL-Evening Report: Fake news and real cannibalism: a cautionary tale from the Dutch Golden Age

    Source: The Conversation (Au and NZ) – By Garritt C. Van Dyk, Senior Lecturer in History, University of Waikato

    The Corpses of the De Witt Brothers, attributed to Jan de Baen, c. 1672-1675. Rijksmuseum

    The Dutch Golden Age, beginning in 1588, is known for the art of Rembrandt, the invention of the microscope, and the spice trade of the Dutch East India Company. It ended a little under a century later in a frenzy of body parts and mob justice.

    In 1672, enraged by a fake news campaign, rioters killed the recently ousted head of state Johan de Witt and his brother Cornelis. The mob hung them upside down, removed their organs, ate parts of the corpses, and sold fingers and tongues as souvenirs.

    Even in a period characterised by torture and assassination, this grisly act stands out as extreme. But it also stands as a warning from history about what can happen when disinformation is allowed to run rampant.

    The attack on Johan and Cornelis de Witt was fuelled by a relentless flood of malicious propaganda and forgeries claiming the brothers were corrupt, immoral elitists who had conspired with enemies of the Dutch Republic.

    The anonymous authors of the smear campaigns blamed Johan for war with England and “all the bloodshed, killing and injuring, the crippled and mutilated people, including widows and orphans” that allegedly kept him in power.

    According to one pamphlet, the violence was legitimate because the ends justified the means: “Beating to death is not a sin in case it is practised against a tyrant.” The sentiment echoes a quote frequently attributed to Napoleon, recently shared by US President Donald Trump on social media: “He who saves his country does not violate any law.”

    ‘Fight like hell’

    These days, of course, we’ve become accustomed to the dangers fake news (and deepfakes) pose in the promotion of political violence, hate speech, extremism and extrajudicial killings.

    In March, for example, historical footage of war crimes in Syria was manipulated by generative AI to appear as current events. Combined with disinformation in chat rooms and on social media, it incited panic and violence.

    The effects were magnified in a country with no reliable independent media, where informal news is often the only source of information.

    But even in a superpower with an established media culture, similar things happen.
    Before the January 6 insurrection at the US Capitol in 2021, Trump called on thousands of supporters at a “Save America” rally to “fight like hell” or they were “not going to have a country anymore”.

    This was shortly before Congress verified the presidential election result, which Trump alleged was invalid because of voter fraud. Addressing the same crowd, Trump advisor Rudolph Giuliani called for “trial by combat”.

    What happened might not have been as extreme as the events in the Netherlands 350 years earlier, but a violent mob fired up on disinformation still shook the foundations of US democracy.

    Historical echoes: supporters of Donald Trump march through Washington DC to the Capitol Building on January 6, 2021.
    Getty Images

    The ‘disaster year’

    The deeper forces at work in the US were and still are complex – just as they were in the 17th-century Dutch Republic. What brought it down was a volatile mix of power struggles, geopolitical rivalries and oligarchy.

    William of Orange had been excluded from the office of stadtholder, the hereditary head of state, by a secret treaty with England under Oliver Cromwell to end the First Anglo-Dutch War.

    When the English monarchy was restored, however, the treaty became invalid and the Orangists attempted to reinstate William. Johan De Witt represented the States Party, made up of wealthy oligarchs, whereas William was seen as a man of the people.

    The republic had built an impressive navy and merchant fleet but neglected its army. A land invasion by France and allies was supported by the English navy. To prevent the invasion from advancing, land was flooded by opening gates and canals.

    The combination of floods and an occupying army threw the economy into chaos. The Orangists wouldn’t cooperate with the States Party, and the republic was on the brink of collapse. The Dutch referred to 1672 as the Rampjaar, the “disaster year”.

    Historical rhymes

    Satirists, pamphleteers and activists seized on the crises as an opportunity to ramp up their campaign against the de Witt brothers. Political opposition turned into personal attacks, false accusations and calls for violence.

    Johan was assaulted and stabbed in an attempted assassination in June 1672, resigning from his role as head of state two months later. Cornelis was then arrested for treason. When Johan went to visit him in prison, the guards and soldiers disappeared, and a conveniently positioned mob dragged the brothers into the street.

    The rest, as they say, is history. William III was strongly suspected of orchestrating the brothers’ gruesome murder, but this was never confirmed.

    Is there is a moral to the story? Perhaps it is simply that, in a time of crisis, a campaign of disinformation can transform political opposition and rebellion into assassination – and worse.

    Pamphlets – the social media of their day – manipulated public perception and amplified popular anxiety into murderous rage. A golden age of prosperity under a republic headed by oligarchs ended with ritualised political violence and the return of a monarch who promised to keep the people safe.

    They say history doesn’t repeat, but it does rhyme. As ever, the need to separate fact from fiction remains an urgent task.

    Garritt C. Van Dyk has been a recipient of Getty Research Institute funding.

    – ref. Fake news and real cannibalism: a cautionary tale from the Dutch Golden Age – https://theconversation.com/fake-news-and-real-cannibalism-a-cautionary-tale-from-the-dutch-golden-age-257104

    MIL OSI Analysis – EveningReport.nz –

    June 10, 2025

  • MIL-Evening Report: The Racial Discrimination Act at 50: the bumpy, years-long journey to Australia’s first human rights laws

    Source: The Conversation (Au and NZ) – By Azadeh Dastyari, Director, Research and Policy, Whitlam Institute, Western Sydney University

    On June 11, Australia marks 50 years since the Racial Discrimination Act became law. This important legislation helps make sure people are treated equally no matter their race, skin colour, background, or where they come from.

    But the act didn’t happen overnight. It took nearly ten years for Australia to follow through on the promises it made to the world to fight racism when it signed the International Convention on the Elimination of All Forms of Racial Discrimination in 1966.

    When Australia first signed that agreement, it still had laws and attitudes shaped by the White Australia Policy.

    Even after Australia started moving away from the White Australia Policy, federal leaders held off on making anti-racism laws. They weren’t sure it was allowed under the Constitution, worried about the cost, and didn’t want to upset the states. Many also feared that Australians wouldn’t support it.

    It took the courage of Gough Whitlam, Australia’s 21st prime minister, to pass Australia’s first anti-discrimination law. Between 1973 and 1975, Whitlam and his government made four attempts to pass laws against racial discrimination. The act was the result of their fourth try – this time, it worked.

    An uphill battle

    The first time the Racial Discrimination Bill was introduced was in 1973, it was alongside a Human Rights Bill. Together, they were part of a bigger plan to give people in Australia more rights and fair treatment.

    People had mixed feelings about the idea of a law to protect individual rights. Most of the concern was about the Human Rights Bill, but some also doubted whether a Racial Discrimination Act was needed.

    There was debate about whether it would really work or just be a symbolic step, and whether or not it would take away from people’s freedoms.

    In the end, the 1973 bill lapsed and did not become law.

    The Whitlam government reintroduced the bill twice more in 1974, once in April and then again in October.

    The April version added protections for immigrants and focused more on conciliation and education, but it wasn’t debated before an election.

    The bill returned in October with minor updates, mainly to strengthen education efforts and clarify that it used civil, not criminal, enforcement.

    Still, it was withdrawn in early 1975 because of ongoing political instability.

    The 1975 Racial Discrimination Bill was the Whitlam government’s final, and successful, push to make laws tackling racism.

    Familiar debates

    Labor MPs backed the 1975 version of the bill, highlighting its importance for Indigenous people and other marginalised groups.

    But the Liberal–Country Party Coalition, then in opposition, pushed back hard.

    While the opposition claimed to support equality, they questioned the legal basis of the bill, feared it gave too much power to the race relations commissioner and warned it might threaten free speech.

    Some opposition voices, especially in the Senate, went further, downplaying racism altogether. Senator Ian Wood claimed Australia was “singularly free of racial discrimination”.

    Senator Glen Sheil argued immigration was the issue:

    Australia over recent years has adopted an immigration policy that has allowed the immigration into this country of blacks, whites, reds, yellows and browns […] because of these problems, once again created by governments, we are now faced with this Racial Discrimination Bill. In my opinion if this bill is implemented it will create more discrimination, not less.

    The opposition successfully weakened the bill by removing several key parts, including:

    • criminal penalties for inciting racial discrimination

    • the ability of the commissioner to start legal proceedings in court or ask a court to make someone give evidence

    • and criminal penalties for publishing, distributing or expressing racial hostility.

    Despite these setbacks, the Racial Discrimination Act passed.

    Change takes time

    Even with all the compromises, the passing of the act was a major moment in Australian history.

    As Whitlam acknowledged:

    it is of course extraordinarily difficult to define racial discrimination and outlaw it by legislative means. Social attitudes and mental habits do not readily lend themselves to codification and statutory prohibition.

    The act has not erased racial discrimination, nor is it perfect.

    It continues to spark debates and needs to be further strengthened to meet the changing needs of our society.

    However, the laws have been used in real cases to protect people’s rights, shown the federal government does have the power under the Constitution to make laws about human rights, and has sent a strong message that everyone deserves to be safe and free from discrimination, regardless of their race, colour or national or ethnic origin.

    The story of the Racial Discrimination Act is a reminder that real change takes time, resolve and tenacity.

    While the laws finally passed, the Human Rights Bill introduced alongside it in 1973 did not.

    More than 50 years later, Australia still does not have a national Human Rights Act. As more people call for stronger human rights protections in our laws, the Racial Discrimination Act stands as both a reminder of what progress can look like and a challenge to imagine what bold leadership could achieve today.

    A Human Rights Act is now needed more than ever to protect those most at risk. It will take the same political will, moral clarity, and bravery that brought the Racial Discrimination Act to life.

    Azadeh Dastyari does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. The Racial Discrimination Act at 50: the bumpy, years-long journey to Australia’s first human rights laws – https://theconversation.com/the-racial-discrimination-act-at-50-the-bumpy-years-long-journey-to-australias-first-human-rights-laws-257245

    MIL OSI Analysis – EveningReport.nz –

    June 10, 2025

  • MIL-Evening Report: For the first time, fossil stomach contents of a sauropod dinosaur reveal what they really ate

    Source: The Conversation (Au and NZ) – By Stephen Poropat, Research Associate, School of Earth and Planetary Sciences, Curtin University

    Artist’s reconstruction of Judy. Travis Tischler

    Since the late 19th century, sauropod dinosaurs (long-necks like Brontosaurus and Brachiosaurus) have been almost universally regarded as herbivores, or plant eaters.

    However, until recently, no direct evidence – in the form of fossilised gut contents – had been found to support this.

    I was one of the palaeontologists on a dinosaur dig in outback Queensland, Australia, that unearthed “Judy”: an exceptional sauropod specimen with the fossilised remains of its last meal in its abdomen.

    In a new paper published today in Current Biology, we describe these gut contents while also revealing that Judy is the most complete sauropod, and the first with fossilised skin, ever found in Australia.

    Remarkably preserved, Judy helps to shed light on the feeding habits of the largest land-living animals of all time.

    Plant-eating land behemoths

    Sauropod dinosaurs dominated Earth’s landscapes for the entire 130 million years of the Jurassic and Cretaceous periods. Along with many other species, they died out in the mass extinction event at the end of the Cretaceous 66 million years ago.

    Ever since the first reasonably complete sauropod skeletons were found in the 1870s, the hypothesis that they were herbivores has rarely been contested. Simply put, it is hard to envisage sauropods eating anything other than plants.

    Their relatively simple teeth were not adapted for tearing flesh or crushing bone. Their small brains and ponderous pace would have prevented them from outsmarting or outpacing most potential prey.

    And to sustain their huge bodies, sauropods would have had to eat regularly and often, necessitating an abundant and reliable food source – plants.

    Although the general body plan of sauropods seems pretty uniform – stocky, on all fours, with long necks – these behemoths did vary when we look more closely.

    Some had squared-off snouts with tiny, rapidly replaced teeth confined to the front of the mouth. Others had rounded snouts, with much more robust teeth, arranged in a row that extended farther back in the mouth. Neck length varied greatly (with some necks up to 15 metres long), as did neck flexibility. In addition, a few of them had taller shoulders than hips.

    Absolute size varied too – some were less enormous than others. All of these factors would have constrained how high above ground each species could feed and which plants they could reach.

    Food in the belly

    Sauropod discoveries are becoming more regular in outback Queensland, thanks largely to the Australian Age of Dinosaurs Museum in Winton.

    In 2017, I helped the museum unearth a roughly 95-million-year-old sauropod, nicknamed Judy after the museum’s co-founder Judy Elliott.

    We soon realised this find was extraordinary. Besides being the most complete sauropod skeleton and skin ever found in Australia, Judy’s belly region hosted a strange rock layer. It was about two square metres in area and ten centimetres thick on average, chock-full of fossil plants.

    The fact this plant-rich layer was confined to Judy’s abdomen and located on the inside surface of the fossil skin, made us wonder – had we unearthed the remains of Judy’s last meal or meals?

    If so, we knew we had something special on our hands: the first sauropod gut contents ever found.

    Multi-level feeding

    Analysis of Judy’s skeleton, which was prepared out of the surrounding rock by volunteers in the museum’s laboratory, enabled us to classify her as a Diamantinasaurus matildae.

    We scanned portions of Judy’s gut contents with X-rays at the Australian Synchrotron in Melbourne and at CSIRO in Perth, and with neutrons at Australia’s Nuclear Science and Technology Organisation in Sydney.

    This enabled us to digitally visualise the plants – which were preserved as voids within the rock – without destroying them.

    We did destructively sample some small portions of the gut contents to figure out their chemical make-up, along with the skin and surrounding rock.

    This revealed the gut contents were turned to stone by microbes in an acidic environment (stomach juices, perhaps), with minerals likely derived from the decomposition of Judy’s own body tissues.

    Judy’s gut contents confirm that sauropods ate their greens but barely chewed them – their gut flora did most of the digestive work.

    Most importantly, we can tell Judy ate bracts from conifers (relatives of modern monkey puzzle trees and redwoods), seed pods from extinct seed ferns, and leaves from angiosperms (flowering plants) just before she died.

    Conifers then, as now, would have been huge, implying Judy fed well above ground level. By contrast, flowering plants were mostly low-growing in the mid-Cretaceous.

    Based on other specimens (especially teeth), scientists previously thought Diamantinasaurus browsed plants relatively high off the ground. The conifer bracts in Judy’s belly support this.

    However, Judy was not fully grown when she died, and the angiosperms in her belly imply lower-level feeding, as well. It seems likely, then, that the diets of some sauropods changed slightly as they grew. Nevertheless, they were life-long vegetarians.

    Judy’s skin and gut contents are now on display at the Australian Age of Dinosaurs Museum in Winton. I’m not sure how I’d feel about having the remains of my last meal publicly exhibited for all to see posthumously, but if it helped the cause of science, I think I’d be OK with it.

    Stephen Poropat receives funding from the Australian Research Council through an ARC Laureate awarded to Prof. Kliti Grice, “Interpreting the molecular record in extraordinarily preserved fossils”.

    – ref. For the first time, fossil stomach contents of a sauropod dinosaur reveal what they really ate – https://theconversation.com/for-the-first-time-fossil-stomach-contents-of-a-sauropod-dinosaur-reveal-what-they-really-ate-258183

    MIL OSI Analysis – EveningReport.nz –

    June 10, 2025

  • MIL-OSI Canada: Minister Joly and Petrina Gentile to discuss the future of the Canadian auto industry at the 2025 Canada Automotive Summit

    Source: Government of Canada News

    June 9, 2025 – Vaughan, Ontario 

    The Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions, will be participating in a discussion with Petrina Gentile, automotive reporter with The Globe and Mail, at the 2025 Canada Automotive Summit.

    Minister Joly will take part in a media scrum following the discussion.

    Date: Tuesday, June 10, 2025

    Time:  4:00 p.m. (ET) fireside chat
                 4:45 p.m. (ET) media scrum

    Location: Vaughan, Ontario

    Members of the media are asked to contact ISED Media Relations at media@ised-isde.gc.ca to receive event location details and confirm their attendance.

    MIL OSI Canada News –

    June 10, 2025

  • MIL-OSI USA: Rep. Mike Levin’s Statement on President Trump Deploying Marines to Los Angeles

    Source: United States House of Representatives – Representative Mike Levin (CA-49)

    June 09, 2025

    Washington, D.C. – Today, Rep. Mike Levin (CA-49) released the following statement in response to President Trump deploying Marines to Los Angeles:

    “Donald Trump’s decision to deploy Marines to Los Angeles is an astounding overreach of authoritarian power. The State of California has not requested the National Guard, much less the Marines, but Trump is sending them anyway. Why? Because he wants to inflame the situation and crack down further.

    “I support the right to protest peacefully—it’s essential for a healthy democracy. I also strongly condemn the agitators who are committing acts of violence. Their behavior is unacceptable and they are giving Trump the images he wants.

    “Our state and local authorities have the capacity to handle the protests in Los Angeles. By deploying warfighters to American cities, Trump is escalating and destabilizing a volatile situation. He is putting our service members in an untenable situation where they will be asked to repress civilians.

    “Our Marines are trained for deadly combat, not law enforcement. This politicizes our Armed Forces and it clearly will not end well. If the President truly wants law and order, he must de-escalate, order our service members back to theirs bases, and allow our courageous state and local law enforcement officers to do their jobs.”

    ###

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI USA: Remarks at the Roundtable on DeFi and the American Spirit

    Source: Securities and Exchange Commission

    Good afternoon and thank you to the panelists and attendees today for the Commission’s fifth roundtable organized by the Crypto Task Force, entitled “DeFi and the American Spirit.”[1]

    Reflecting on the “American Spirit” brings to mind the expedition of Merriweather Lewis and William Clark. About 220 years ago on May 14, 1804, Lewis and Clark set out to explore the new Louisiana Territory, purchased the prior year by President Thomas Jefferson.[2] The size of the United States had doubled overnight, but there were no reliable maps or established routes through the new land. Despite this daunting challenge, Lewis and Clark entered the wilderness to carry out their mission.

    While perhaps not nearly as fraught with personal danger, the Commission is similarly navigating through challenging new terrain and plunging into the regulatory wilderness under the leadership of Commissioner Peirce and the Crypto Task Force. While the Commission’s tools – such as roundtables, public consultation, and economic analysis – may be different, I am confident that our expedition can succeed in updating our rulebook to open up new opportunities for American investors and businesses.

    The SEC’s treatment of decentralized finance and other emerging technologies over the past four years was not conducive to regulatory transparency and discouraged entrepreneurs and those developing DeFi from engaging with the Commission. However, that approach has recently changed under the Crypto Task Force, which is charged with coordinating the Commission’s effort to find answers to many pressing questions. Thus far, they have changed the SEC’s posture on crypto, embraced difficult regulatory questions, and promoted transparency by engaging with the market participants driving innovation and change.

    This SEC is committed to high quality regulation. High quality regulation takes time and administrative processes matter. For those who are involved in the development of DeFi, please be patient and work with the Commission and its staff towards achieving the best possible outcome.

    Although I am uncertain as to what “perfect regulation” may look like, the path towards it begins with seeking input from the public. This journey towards regulatory clarity will likely be frustrating, and may move in fits and starts. However, by learning from DeFi innovators and advocates, the Commission has a better chance at regulating securities transactions involving DeFi and protecting American investors who utilize decentralized financial services and products.

    Today’s participants will provide knowledge and insight about DeFi’s development and the existing regulatory barriers preventing growth. Such contributions will help the Commission attempt to strike the proper balance between its role as a regulator and its mandate to foster competition, efficiency, and capital formation.

    In DeFi, there is a new landscape of opportunities. People can transact directly with each other without relying on banks or other centralized intermediaries. The Commission should not refrain from engaging in oversight of novel areas simply because it involves thinking outside the existing framework.[3] The legacy regulatory regime under the federal securities laws presupposes the existence and necessity of numerous intermediaries. I look forward to hearing from today’s panelists as to whether such presumptions remain necessary.

    For example:

    1. In which types of situations do DeFi systems and smart contracts potentially eliminate the need for a financial intermediary and how?
    2. In what situations should DeFi systems be deemed to fall outside the scope of the securities laws?
    3. What key safeguards are necessary when the securities laws apply to these arrangements?

    Lewis and Clark’s journey took time to complete and carved out an important path to facilitate westward expansion. In so doing, they provided a valuable contribution to American progress. Today’s roundtable reflects the SEC’s commitment to continued progress and its willingness to consider the role of emerging technologies. As the Commission continues to move through the regulatory wilderness, it should remain true to its mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation in its efforts to respond to market innovation.

    Thank you and I look forward to the conversation.

    [1] My remarks today reflect my views as an individual Commissioner and not necessarily the views of the full Commission or my fellow Commissioners.

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI: IDT Corporation to Present at East Coast IDEAS Investor Conference

    Source: GlobeNewswire (MIL-OSI)

    NEWARK, NJ, June 09, 2025 (GLOBE NEWSWIRE) — IDT Corporation (NYSE: IDT), a provider of fintech and communications solutions, will present at the East Coast IDEAS Investor Conference on Thursday, June 12, 2025 at the Westin Times Square in New York.

    Marcelo Fisher, Chief Financial Officer, will provide an overview of IDT’s operations, strategy, and financial results beginning at 3:30 PM Eastern time. Mr. Fischer will also host one-on-one investor meetings throughout the day.

    The IDT presentation will be webcast through the conference host’s main website: https://www.threepartadvisors.com/east-coast.

    To attend or learn more about the IDEAS conferences, please contact Lacey Wesley at (817) 769 -2373 or lWesley@IDEASconferences.com.

    All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

    ABOUT IDT CORPORATION

    IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.

    Contact:
    Bill Ulrey
    IDT Investor Relations
    Phone: (973) 438-3838
    E-mail: invest@idt.net

    ###

    The MIL Network –

    June 10, 2025

  • MIL-OSI: Orange County Bancorp, Inc. Announces Closing of Overallotment Option and Issuance of 258,064 Shares of Common Stock

    Source: GlobeNewswire (MIL-OSI)

    MIDDLETOWN, N.Y., June 09, 2025 (GLOBE NEWSWIRE) — Orange County Bancorp, Inc. (the “Company” – Nasdaq: OBT), parent company of Orange Bank & Trust Company, (the “Bank”) and Hudson Valley Investment Advisors, Inc. (“HVIA”), today announced that the underwriters for its recently completed public offering have exercised their overallotment option and completed the sale of an additional 258,064 shares of common stock at the public offering price of $23.25 per share. The expected proceeds to the Company in connection with the exercise of the option and the issuance of the additional shares, after deducting the underwriting discount and commissions but before deducting other expenses payable by the Company, are approximately $5.7 million.

    Piper Sandler & Co. and Stephens Inc. served as joint book-running managers.

    The offering was made only by means of an effective shelf registration statement on Form S-3 (File No. 333-280793), including a preliminary prospectus supplement and final prospectus supplement, copies of which may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov. Additionally, copies may be obtained from Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, Minnesota 55402, or by phone at 1-800-747-3924, or by email at prospectus@psc.com, or Stephens Inc., 111 Center Street, Little Rock, AR 72201, or by phone at 1-800-643-9691.

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

    About Orange County Bancorp, Inc.

    Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. Orange Bank & Trust Company is an independent bank that began with the vision of 14 founders over 125 years ago. It has grown through innovation and an unwavering commitment to its community and business clientele to approximately $2.6 billion in total assets. Hudson Valley Investment Advisors, Inc. is a Registered Investment Advisor in Goshen, NY. It was founded in 1996 and acquired by the Company in 2012.

    Forward-Looking Statements

    The information disclosed in this press release includes various forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words “anticipates,” “projects,” “intends,” “estimates,” “expects,” “believes,” “plans,” “may,” “will,” “should,” “could,” and other similar expressions are intended to identify such forward-looking statements. The Company cautions that these forward-looking statements are necessarily speculative and speak only as of the date made, and are subject to numerous assumptions, risks and uncertainties, all of which may change over time. Actual results could differ materially from such forward-looking statements. Accordingly, you should not place undue reliance on forward-looking statements. In addition to the specific risk factors disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, the following factors, among others, could cause actual results to differ materially and adversely from such forward-looking statements: those related to the real estate and economic environment, particularly in the market areas in which the Company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, inflation, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, tariffs, increased levels of loan delinquencies, problem assets and foreclosures, credit risk management, asset-liability management, cybersecurity risks, geopolitical conflicts, public health issues, the financial and securities markets and the availability of and costs associated with sources of liquidity. The Company does not undertake and specifically declines any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

    For further information:
    Michael Lesler
    EVP & Chief Financial Officer
    mlesler@orangebanktrust.com
    Phone: (845) 341-5111

    The MIL Network –

    June 10, 2025

  • MIL-OSI: Micropolis Holding Company Announces Receipt of Audit Opinion with Going Concern Explanation

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, June 09, 2025 (GLOBE NEWSWIRE) — Micropolis Holding Company (“Micropolis” or the “Company”) (NYSE American: MCRP), a pioneer in unmanned ground vehicles and AI-driven security solutions, today announced that, as previously disclosed in its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, which was filed on May 8, 2025 with the Securities and Exchange Commission (the “2024 Annual Report”), the Company’s audited financial statements contained an audit opinion from its independent registered public accounting firm that included an explanatory paragraph related to the Company’s ability to continue as a going concern. See further discussion in Note 3 to the Company’s financial statements included in the 2024 Annual Report. This announcement is made pursuant to NYSE American LLC Company Guide Sections 401(h) and 610(b), which requires public announcement of the receipt of an audit opinion containing a going concern paragraph. This announcement does not represent any change or amendment to the Company’s financial statements or to its 2024 Annual Report.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent Micropolis’ current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    About Micropolis Holding Company

    Micropolis is a UAE-based company specializing in the design, development, and manufacturing of unmanned ground vehicles (UGVs), AI systems, and smart infrastructure for urban, security, and industrial applications. The Company’s vertically integrated capabilities cover everything from mechatronics and embedded systems to AI software and high-level autonomy.

    For more information please visit www.micropolis.ai.

    Investor Contact:
    KCSA Strategic Communications
    Valter Pinto, Managing Director
    PH: (212) 896-1254
    Valter@KCSA.com

    Media Contact:
    Jessica Starman
    media@elev8newmedia.com

    The MIL Network –

    June 10, 2025

  • MIL-OSI USA: Baldwin Meets with Families Impacted by Milwaukee School Closures Due to Lead Exposure, Lack of Federal Support

    US Senate News:

    Source: United States Senator for Wisconsin Tammy Baldwin

    MILWAUKEE, WI – Today, U.S. Senator Tammy Baldwin (D-WI) visited Milwaukee Public Schools’ (MPS) Frances Starms Discovery Learning Center to meet with parents whose children’s health was at risk and schools were closed this year because of lead hazards.

    “When Milwaukee called for help to keep kids safe and address this lead crisis, their application was denied because RFK, Jr. and Donald Trump fired every single one of the lead experts who could help,” said Senator Baldwin. “Today, I heard firsthand from Milwaukee families whose children have been poisoned by lead and were forced out of the schools they attend, all while they continue to live in fear and think they were left behind. While Donald Trump and RFK, Jr. continue to sit on their hands, I’ll keep showing up, listening to the families, and fighting to hold the Trump administration to account so Milwaukee gets the support it deserves.”

    Baldwin’s visit comes as she continues to hold the Trump Administration accountable for failing to support Milwaukee, firing the entire Childhood Lead Poisoning Prevention Surveillance Branch, and not providing on-the-ground support to keep children safe.

    In early April, the Centers for Disease Control notified MPS that they would not be able to receive on-site help from lead experts because the Trump administration shut down the lead poisoning branch and fired the experts. The crisis has shuttered six schools and displaced 1,800 children in Milwaukee. Senator Baldwin has repeatedly pressed the Administration to reinstate fired experts and approve Milwaukee’s plea for federal assistance. 

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI USA: Padilla, Schiff, Schumer Demand Answers from Trump Administration on Arrest and Detention of SEIU Union Labor Leader David Huerta

    US Senate News:

    Source: United States Senator Alex Padilla (D-Calif.)

    Padilla, Schiff, Schumer Demand Answers from Trump Administration on Arrest and Detention of SEIU Union Labor Leader David Huerta

    WASHINGTON, D.C. — Today, U.S. Senators Alex Padilla (D-Calif.), Ranking Member of the Senate Judiciary Immigration Subcommittee, Adam Schiff (D-Calif.), and Senate Democratic Leader Chuck Schumer (D-N.Y.) are demanding answers from top Trump Administration officials regarding the arrest and detention of David Huerta, President of Service Employees International Union (SEIU) California and SEIU-United Service Workers West. Mr. Huerta was injured, arrested, and detained by federal officials in Downtown Los Angeles while exercising his lawful right to observe the conduct of immigration enforcement personnel on Friday, June 6, 2025. He currently remains detained in federal custody. 

    “It is deeply troubling that a U.S. citizen, union leader, and upstanding member of the Los Angeles community continues to be detained by the federal government for exercising his rights to observe immigration enforcement,” wrote the Senators.  

    “As U.S. Senators, we are privileged and proud to represent Americans like Mr. Huerta, who are pillars of their community and stand up for the fundamental rights of all Californians. We have a constitutional duty to conduct oversight of the Department of Homeland Security and the Department of Justice and its components to ensure that the rights of Californians are upheld. As such, we demand a complete and comprehensive response to the following requests regarding this incident by Friday, June 13, 2025,” concluded the Senators. 

    The Senators are voicing their serious concerns to Secretary of Homeland Security Kristi Noem, Attorney General Pam Bondi, and Immigration and Customs Enforcement (ICE) Acting Director Todd M. Lyons.

    Yesterday, Senator Padilla joined MSNBC’s “The Weekend: Primetime” to condemn the Trump Administration’s ICE raids across Los Angeles and President Trump’s ensuing unprecedented deployment of nearly 2,000 members of California’s National Guard to the region. Padilla also joined Los Angeles outlets KTLA and KNX last night to discuss the fear and chaos the Trump Administration is stoking in Los Angeles and across California. On Friday, Padilla issued a statement condemning the Los Angeles ICE raids.

    Full text of the letter is available here and below:   

    Dear Secretary Noem, Acting Director Lyons, and Attorney General Bondi:

    We write to express our grave concerns regarding the arrest and detention of David Huerta, the President of Service Employees International Union (SEIU) California and SEIU United Service Workers West.

    On Friday, June 6, 2025, Immigration and Customs Enforcement (ICE), Homeland Security Investigations (HSI), the Drug Enforcement Agency (DEA), and several other federal agencies conducted numerous immigration enforcement actions throughout Southern California. During a workplace enforcement action, Mr. Huerta, a well-known and deeply respected community leader, was exercising his lawful right to observe the conduct of immigration enforcement personnel. In the course of doing so, Mr. Huerta suffered an injury and law enforcement personnel apprehended and subsequently arrested him. It is deeply troubling that a U.S. citizen, union leader, and upstanding member of the Los Angeles community continues to be detained by the federal government for exercising his rights to observe immigration enforcement.

    As U.S. Senators, we are privileged and proud to represent Americans like Mr. Huerta, who are pillars of their community and stand up for the fundamental rights of all Californians. We have a constitutional duty to conduct oversight of the Department of Homeland Security and the Department of Justice and its components to ensure that the rights of Californians are upheld. As such, we demand a complete and comprehensive response to the following requests regarding this incident by Friday, June 13, 2025:

    1. We request that the Department of Homeland Security and the Department of Justice undertake a review to determine which federal agencies and personnel were involved in the actions that resulted in the injuries sustained by Mr. Huerta and what disciplinary actions may be necessary for relevant federal personnel.

    2. We request that the Department of Justice state the legal authority under which Mr. Huerta is currently being detained.

    Thank you for your prompt attention to this urgent matter.

    Sincerely,

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI USA: Hickenlooper, Bennet Statement on Secretary Lutnick’s Senate Testimony

    US Senate News:

    Source: United States Senator John Hickenlooper – Colorado

    WASHINGTON – Today, U.S. Senators John Hickenlooper and Michael Bennet released the following statement following the congressional testimony from Commerce Secretary Howard Lutnick:

    “Colorado, and the rest of the country, worked for years to create and prepare programs to expand broadband access under the Broadband Equity, Access, and Deployment (BEAD) program. These programs are nearly finalized, and delaying them will cost millions of dollars, add unnecessary bureaucratic burdens, and deprive Coloradans of high-speed, affordable internet.

    “Secretary Lutnick’s decision to ask states to reapply for this federal funding betrays the promise Congress made to the American people.”

    Hickenlooper was part of the bipartisan group of 22 senators who negotiated and wrote the $1.2 trillion infrastructure deal, which authorized the BEAD program.

    The BEAD program is the largest broadband investment in American history and invests $42.45 billion to expand high-speed internet access by funding planning, infrastructure deployment, and adoption programs in all 50 states and territories. It prioritizes communities with little to no reliable internet access to make sure unserved and underserved areas aren’t left behind.

    In Colorado, 10 percent of locations are unserved or underserved, and 190,850 households lack access to the internet. In June 2023, the National Telecommunications and Information Administration awarded Colorado over $826 million as part of the program.

    MIL OSI USA News –

    June 10, 2025

  • MIL-OSI USA: Reps. David Scott, Scanlon, Frost, and Adams Introduce Legislation to Expand Student Access to Music and Arts Education

    Source: United States House of Representatives – Congressman David Scott (GA-13)

    WASHINGTON D.C. — Today, Congressman David Scott (GA-13), alongside Congresswoman Mary Gay Scanlon (PA-05), Congressman Maxwell Frost (FL-10), and Congresswoman Alma Adams (NC-12), announced the introduction of the Reimagining Inclusive Arts Education Act. The bill expands access to music and arts education for students across the nation, particularly in historically underserved and underfunded communities.

    The Reimagining Inclusive Arts Education Act will provide Department of Education grants to support the professional development of arts educators. The bill allows program funding that expands inclusive curricula, innovative adaptation of lesson plans, and unique arts lesson accommodations for a wider variety of students. Importantly, the bill prioritizes funding for Title I schools to ensure educators with fewer resources have access to professional development opportunities.

    “Decades of research show that students who are involved in arts education perform better academically, have improved emotional well-being, and are better prepared for careers in a 21st-century economy,” said Congressman David Scott. “Regardless of their abilities, students deserve equal access to visual Arts, theatre, dance, and music, all of which are all integral components to a well-balanced curriculum. The Reimagining Inclusive Arts Education Act will provide arts educators with the tools needed to make their lessons accessible to all students. The bill has the capacity to push young minds to think critically and socialize—skills that are crucial for students with disabilities who may be left out of other avenues of expression.”

    “Art programs in schools can provide important benefits for intellectual development – especially for young people with disabilities,” said Congresswoman Mary Gay Scanlon. “Unfortunately, many schools lack basic resources and funding to maintain these programs. I’m proud to partner with Reps. Scott, Frost, and Adams on this legislation to help our schools fill the funding gaps, ensure equitable accessibility for students with disabilities, and set up our children for success in the future.”

    “The arts provide a platform for creativity and solidarity, and as someone who attended an arts school growing up, I know how important it is for students to have the space and opportunity to express themselves. By making intentional investments in our arts educators and therapists, we ensure that every student, especially those with disabilities, can harness their creativity and thrive,” said Congressman Maxwell Frost. “I’m proud to cosponsor this Reimagining Inclusive Arts Education Act so we can build a more inclusive, accessible arts education system where every student can experience the power and joy of the arts.”

    “As a former art professor of 40 years, I’ve seen firsthand the profound impact arts have when they’re accessible to everyone,” said Congresswoman Alma Adams. “Every student, no matter ability, should have the opportunity to have arts in their life. I’m proud to support the Inclusive Arts Education Act so we can create inclusive, art-filled classrooms in schools across the country.”

    “The National Association for Music Education (NAfME) stands in strong support of the Reimagining Inclusive Arts Education Act, reintroduced by Congressman David Scott (GA-13)” said NAfME President Deb Confredo. “This bill speaks to the fundamental right of all children to effective arts education. Grants stemming from this bill would fund professional development for arts educators and creative arts therapists in their mission to provide innovative, inclusive, high quality, and accessible arts education experiences for all and, in particular, those children with disabilities. Research demonstrates that the outcomes of systematic and purposeful arts education are highly positive and far-reaching, often fostering growth in social skills, problem solving, creativity, team building, and cooperation, while physical, mental, and emotional health are often fortified. Funds designated through this bill would substantiate that the arts benefit all children, and especially those with disabilities. NAfME urges the 119th Congress to adopt this legislation as an investment in humanity and a demonstration of the belief in unity made more attainable through the arts.”

    “The American Music Therapy Association is very pleased to support the Reimagining Inclusive Arts Education Act,” stated Judy Simpson, Director of Government Relations. “This important legislation will support innovative and inclusive creative arts therapies provided by credentialled music therapists, art therapists, dance/movement therapists, and drama therapists for children with disabilities.  Expanding opportunities for these unique learning interventions will improve students’ ability to successfully access education and achieve academic goals.”

    “The Reimagining Inclusive Arts Education Act opens doors for students with disabilities to engage fully in high-quality arts education,” said Erin Harkey, CEO of Americans for the Arts. “This legislation strengthens mental health, boosts academic success, and nurtures the development of well-rounded individuals. We’re proud to support Congressman Scott’s leadership in advancing professional development for arts educators and creative arts therapists—building more inclusive classrooms where all students can succeed.”

    Endorsing Organizations: American Music Therapy Association, Americans for the Arts, Arkansas Music Education Association, Arts Alliance Illinois, Arts Ed NJ, Arts Education in Maryland Schools, Arts North Carolina, California Music Education Association, Council of Administrators of Special Education, Cure SMA, DC Music Education Association, Delaware Music Educators Association, Education Theatre Association, El Sistema USA, The Feierabend Association for Music Education, Florida Music Education Association, Georgia Music Educators Association, Guitars and Ukes in the Classroom, Hip-Hop Education Center, Ingenuity Inc., JazzSLAM, J.W. Pepper, Kansas Music Educators Association, Kentucky Music Educators Association, Kindermusik International, The Lang Lang International Music Foundation, League of American Orchestras, Maryland Music Educators Association, Massachusetts Music Educators Association, Mental Health Association of Central Florida, Michigan Music Educators Association, Montana Music Educators Association, Music Teachers National Association, Music Travel Consultants, Music Will, National Arts Education Association, National Association for Media Arts Education, National Association for Music Educators, National Center for Learning Disabilities, National Dance Education Organization, National Down Syndrome Congress, National Guild for Community Arts Education, National Music Council of the United States, Nevada Music Educators Association, New Hampshire Music Educators Association, New Jersey Music Educators Association, New York State School Music Association, North Carolina Music Education Association, Ohio Music Educators Association, OPERA America, Oregon Music Educators Association, Pennsylvania Music Educators Association, Percussive Arts Society, Rhode Island Music Educators Association, Save the Music, South Dakota Music Educators Association, Springfield Symphony Orchestra, TASH, Utah Music Educators Association, Vermont Music Educators Association, Vermont Music Educators Association, The Viscardi Center and Henry Viscardi School, Young Audiences Arts for Learning

    Full text of the bill can be found HERE.

    ###

    MIL OSI USA News –

    June 10, 2025
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