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Category: KB

  • MIL-OSI: Enlight Announces the Financial Close for Project Roadrunner

    Source: GlobeNewswire (MIL-OSI)

    The debt financing package includes $550 million of construction loans

    Roadrunner consists of 290 MW of solar generation and 940 MWh of energy storage capacity, and is expected to reach full COD by the end of 2025

    TEL AVIV, Israel, Dec. 23, 2024 (GLOBE NEWSWIRE) — Enlight Renewable Energy Ltd. (“Enlight”, “the Company”, NASDAQ: ENLT, TASE: ENLT.TA), a leading global renewable energy platform, today announced that the Company has arranged the debt financing (the “Debt Financing”) for project Roadrunner (“Roadrunner” or “the Project”), located near Tuscon, Arizona, USA.

    As part of the Debt Financing, Enlight, through its subsidiary Clenera Holdings LLC, has entered into a loan agreement with a consortium of four leading global banks including BNP Paribas Securities Corp, Crédit Agricole, Natixis CIB, and Norddeutsche Landesbank Girozentrale (Nord/LB), totaling $550 million, which are expected to convert into a $290 million term loan and $320 million of tax equity funding upon the Project’s COD. The term loan is structured with an amortization tenor of 20-25 years and is to be fully repaid 5 years from the Project’s COD (mini perm). The loans are subject to an all-in interest rate of SOFR + 1.5%-1.75%, which rises by 0.125% after four years. Paragon Energy Capital served as Clenera’s exclusive financial advisor on the transaction.

    During the Project’s construction period, the Company’s equity investment is expected to amount to 10% of the expected total Project cost of $610 million. The debt financing arrangements are expected to enable the Company to recycle the entire equity investment upon COD subject to minimum project coverage ratios. The Company expects to conclude a tax equity transaction during 2025, noting that the project has secured safe harbor status.

    Roadrunner (also known as Apache Solar II) is the second-largest project in Enlight’s history, consists of 290 MW solar generation and 940 MWh of energy storage capacity, and is expected to reach full COD by the end of 2025. Construction at the 1200-acre site has already begun, and all procurement contracts have been signed. The Project has a 20-year busbar power purchase agreement covering its entire output with the Arizona Electric Power Cooperative (AEPCO), and is expected to generate revenues of $51-54 million and EBITDA1 of $41-44 million in its first full year of operation. A summary of the Project’s financial information appears in the tables below:

    (as expected at COD)

    Total project cost

    Term debt

    Upfront tax equity

    Sponsor equity upon COD
     

    $ 610 million

    $ 290 million

    $320 million

    $0
     

    Total project cost net of tax equity

    Revenues in first full year

    EBITDA in first full year1
     

    $ 290 million

    $51-54 million

    $41-44 million

    1EBITDA is a non-IFRS financial measure. This figure represents EBITDA for the project and excludes all ITC and PTC proceeds, as well as the impact of a potential tax equity transaction. The tax equity partner’s share is expected to range between 10-15% of the Project’s EBITDA during the first years of operation.

    Roadrunner is being built in the Sulphur Springs Valley region near Tucson, Arizona. Arizona possesses one of highest rates of growth in data centers in the U.S., driving a significant increase in the demand for electricity. The area’s high altitude, mild weather, and very high irradiance make it especially suitable for a utility-scale solar plant. The Project is located in a sparsely populated area and integrates with the larger Apache Generating Station, a diverse energy complex used by AEPCO.

    After the completion of Apex in Montana and Atrisco in New Mexico, Roadrunner is one of several major solar and energy storage projects that Enlight and Clenera are now constructing in the U.S. These include Country Acres (392 MW and 688 MWh) and Quail Ranch (128 MW and 400 MWh). Along with additional projects planned to be built in the years to come, these projects are driving Enlight’s massive expansion into the U.S. renewable energy market. This is best illustrated by the growing run rate of Enlight’s U.S. revenue base, which is expected to reach $195-207 million annually after the completion of the projects now under construction.

    The Company’s next projects in Arizona are Snowflake (600 MW and 1,900 MWh) and CO Bar (1,211 MW and 824 MWh). The two mega projects have almost completed their development phase, and are scheduled to begin construction in the coming months. Each of the two projects are set to achieve grid connection of 1.0 GW, one of the largest in the US. These grid connections generate potential additional development opportunities in the future through the Company’s “Connect and Expand” strategy, which seeks to leverage existing interconnect infrastructure with additional generation capacity.

    Nir Yehuda, CFO of Enlight, commented, “We appreciate our financial partners’ support and commitment in arranging the debt financing for project Roadrunner, which has made it possible for us to progress with its construction. Roadrunner is expected to begin commercial operation by the end of 2025. We look forward to continued collaboration on Country Acres and Quail Ranch, projects which we are now in the process of building and financing.”

    “We are grateful to have established our business as a reliable partner for these financial institutions,” said Adam Pishl, President and CEO of Clenera. “We have demonstrated our ability to build projects on time and on budget, and manage operational solar and storage farms that generate consistent long-term returns. It is exciting to close this deal and fuel our continued growth with projects across America.”

    Aashish Mohan, Co-Head of Energy, Resources & Infrastructure Americas, at BNP Paribas, commented, “BNP Paribas is proud to have supported Clenera and Enlight as Coordinating Lead Arranger on this landmark clean energy project financing. Supporting premier platforms like Clenera squarely fits our energy transition ambitions, and we look forward to partnering with the company again as they continue to execute on their high-quality pipeline.”

    Daniel Feigin, Head of Energy & Infrastructure Group, North America at Crédit Agricole CIB, said, “Crédit Agricole CIB’s collaboration with Enlight and Clenera on this landmark project in Arizona is a testament to the power of partnership and innovation. Roadrunner will provide clean, low-cost energy and storage. We are honored to have played a crucial role in helping a world class developer bringing this project to financial close and contributing to our mission of facilitating clean power generation and economic growth.”

    Nasir Khan, Managing Director & Head of Infrastructure & Energy Finance Americas at Natixis CIB, said, “We are thrilled to announce the successful close our first transaction with Enlight and Clenera, and would especially like to thank the teams for their professionalism and partnership over the past several months. Natixis CIB is committed to driving the energy transition through financing high-quality landmark projects such as Roadrunner, and we look forward to seeing it reach completion in the next year.”

    Sondra Martinez, Managing Director and Head of Originations at NORD/LB New York, commented, “Nord/LB is thrilled to support Clenera and Enlight on the Roadrunner transaction. This transaction represents our commitment to partnerships and supporting clients as they advance the energy transition.”

    About Enlight Renewable Energy

    Founded in 2008, Enlight develops, finances, constructs, owns, and operates utility-scale renewable energy projects. Enlight operates across the three largest renewable segments today: solar, wind and energy storage. A global platform, Enlight operates in the United States, Israel and 10 European countries. Enlight has been traded on the Tel Aviv Stock Exchange since 2010 (TASE: ENLT) and completed its US IPO (NASDAQ: ENLT) in 2023. Learn more at enlightenergy.co.il.

    Investor Contact

    Yonah Weisz
    Director IR
    investors@enlightenergy.co.il

    Erica Mannion or Mike Funari
    Sapphire Investor Relations, LLC
    +1 617 542 6180
    investors@enlightenergy.co.il

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding the Company’s expectations relating to the Project, the PPA and the related interconnection agreement and lease option, and the completion timeline for the Project, are forward-looking statements. The words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “target,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible,” “forecasts,” “aims” or the negative of these terms and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: our ability to site suitable land for, and otherwise source, renewable energy projects and to successfully develop and convert them into Operational Projects; availability of, and access to, interconnection facilities and transmission systems; our ability to obtain and maintain governmental and other regulatory approvals and permits, including environmental approvals and permits; construction delays, operational delays and supply chain disruptions leading to increased cost of materials required for the construction of our projects, as well as cost overruns and delays related to disputes with contractors; our suppliers’ ability and willingness to perform both existing and future obligations; competition from traditional and renewable energy companies in developing renewable energy projects; potential slowed demand for renewable energy projects and our ability to enter into new offtake contracts on acceptable terms and prices as current offtake contracts expire; offtakers’ ability to terminate contracts or seek other remedies resulting from failure of our projects to meet development, operational or performance benchmarks; various technical and operational challenges leading to unplanned outages, reduced output, interconnection or termination issues; the dependence of our production and revenue on suitable meteorological and environmental conditions, and our ability to accurately predict such conditions; our ability to enforce warranties provided by our counterparties in the event that our projects do not perform as expected; government curtailment, energy price caps and other government actions that restrict or reduce the profitability of renewable energy production; electricity price volatility, unusual weather conditions (including the effects of climate change, could adversely affect wind and solar conditions), catastrophic weather-related or other damage to facilities, unscheduled generation outages, maintenance or repairs, unanticipated changes to availability due to higher demand, shortages, transportation problems or other developments, environmental incidents, or electric transmission system constraints and the possibility that we may not have adequate insurance to cover losses as a result of such hazards; our dependence on certain operational projects for a substantial portion of our cash flows; our ability to continue to grow our portfolio of projects through successful acquisitions; changes and advances in technology that impair or eliminate the competitive advantage of our projects or upsets the expectations underlying investments in our technologies; our ability to effectively anticipate and manage cost inflation, interest rate risk, currency exchange fluctuations and other macroeconomic conditions that impact our business; our ability to retain and attract key personnel; our ability to manage legal and regulatory compliance and litigation risk across our global corporate structure; our ability to protect our business from, and manage the impact of, cyber-attacks, disruptions and security incidents, as well as acts of terrorism or war; changes to existing renewable energy industry policies and regulations that present technical, regulatory and economic barriers to renewable energy projects; the reduction, elimination or expiration of government incentives for, or regulations mandating the use of, renewable energy; our ability to effectively manage our supply chain and comply with applicable regulations with respect to international trade relations, tariffs, sanctions, export controls and anti-bribery and anti-corruption laws; our ability to effectively comply with Environmental Health and Safety and other laws and regulations and receive and maintain all necessary licenses, permits and authorizations; our performance of various obligations under the terms of our indebtedness (and the indebtedness of our subsidiaries that we guarantee) and our ability to continue to secure project financing on attractive terms for our projects; limitations on our management rights and operational flexibility due to our use of tax equity arrangements; potential claims and disagreements with partners, investors and other counterparties that could reduce our right to cash flows generated by our projects; our ability to comply with tax laws of various jurisdictions in which we currently operate as well as the tax laws in jurisdictions in which we intend to operate in the future; the unknown effect of the dual listing of our ordinary shares on the price of our ordinary shares; various risks related to our incorporation and location in Israel; the costs and requirements of being a public company, including the diversion of management’s attention with respect to such requirements; certain provisions in our Articles of Association and certain applicable regulations that may delay or prevent a change of control; and other risk factors set forth in the section titled “Risk factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2023, filed with the Securities and Exchange Commission (the “SEC”) and our other documents filed with or furnished to the SEC.

    These statements reflect management’s current expectations regarding future events and speak only as of the date of this press release. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as may be required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

    The MIL Network –

  • MIL-OSI United Kingdom: The AAIB has sent a team of inspectors to Belfast City Airport

    Source: United Kingdom – Executive Government & Departments

    A team of inspectors has been sent to investigate an accident which occurred on 22 December 2024

    An investigation has begun into an accident involving a fixed-wing aircraft which occurred at Belfast City Airport on 22 December 2024.  AAIB inspectors have commenced the on-site investigation to gather evidence and make enquiries.

    Media enquiries:
    During office hours 01932 440015
    Out of office hours 0300 777 7878

    Updates to this page

    Published 23 December 2024

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Lord Stuart Peach visits Bosnia and Herzegovina

    Source: United Kingdom – Executive Government & Departments

    UK Prime Minister’s Special Envoy for the Western Balkans, Lord Stuart Peach visited Bosnia and Herzegovina from 18 to 20 December 2024.

    Lord Stuart Peach

    Lord Stuart Peach’s visit was part of the UK’s ongoing commitment to the security, stability and prosperity of the country, and support for BiH aspirations for Euro-Atlantic integration.

    Over the course of his visit, Lord Peach met BiH Presidency members Zeljko Komsic and Denis Becirovic, Chairwoman of the BiH Council of Minister Borjana Kristo, and Minister of Foreign Affairs Elmedin Konakovic to discuss economic, political and security issues. Lord Peach reiterated the UK’s continuous strong support for BiH’s reform agenda and the UK’s readiness to support the delivery of sustainable reforms that deliver real change for the people of BiH.

    He also met Chief of BiH Armed Forces Joint Staff General Gojko Knezevic and Deputies Major General Mirsad Ahmic and Major General Tomo Kolenda to whom he reaffirmed UK commitment to Western Balkans security and support to the Armed Forces of BiH. Lord Peach praised BiH for hosting an important Women Peace and Security Chiefs of Defence Network Conference, organised in cooperation with the UK, emphasised mutual benefits of recent joint training of BiH and UK Armed Forces, and highlighted importance of Armed Forces and Ministry of Defence BiH embracing reform and modernisation in pursuit of Euro-Atlantic integration.

    In the light of ongoing pressures on cultural institutions of importance to Bosnia and Herzegovina, Lord Peach hosted a dinner with representatives of these institutions which are a vital part of the shared history and values of Bosnia and Herzegovina. He was keen to hear from them about the challenges they are facing and potential solutions for ensuring a sustainable future for these institutions, including through proper and timely funding.

    Lord Peach’s latest visit to Bosnia and Herzegovina follows visits to North Macedonia and Serbia earlier this week.

    Updates to this page

    Published 23 December 2024

    MIL OSI United Kingdom –

  • MIL-OSI: Hyperscale Data Enters into an Agreement for a Financing of up to $25 Million

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, Dec. 23, 2024 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), announced today that it has entered into a Securities Purchase Agreement (the “Agreement”) providing for up to $25 million of financing (the “Financing”) from Ault & Company, Inc., a related party (“A&C”). Pursuant to the Agreement, Hyperscale Data has agreed to issue and sell to A&C up to $25 million in shares of Series G Convertible Preferred Stock (the “Preferred Shares”). The Preferred Shares will be senior to all other classes of preferred stock the Company has outstanding except with respect to the Series C Convertible Preferred Stock (the “Series C Preferred Stock”), with which it ranks in parity, as well as senior to the Company’s Class A common stock (“Common Stock”).

    Each Preferred Share shall have a stated value of $1,000.00 per share and, upon stockholder approval, shall be convertible at the holder’s option into shares of Common Stock at a conversion price equal to the greater of (i) $0.10 per share (the “Floor Price”), which Floor Price shall not, except for voting rights purposes, be adjusted for stock dividends, stock splits, stock combinations and other similar transactions and (ii) the lesser of (A) $6.74, or (B) a 5% premium to the closing sale price of the Common stock on the day immediately prior to the date of conversion (the “Conversion Price”). The Conversion Price will be subject to standard anti-dilution provisions in connection with any stock split, stock dividend, subdivision or similar reclassification of the Common Stock. The Preferred Stock also has “full ratchet” price protection in the event the Company should issue securities at a lower price than the Conversion Price. The Preferred Stock shall pay a dividend at an annual rate of 9.5%, which the Company may, during the first two years, pay in shares of Common Stock.

    Further, A&C will receive warrants (“Warrants”) to purchase up to approximately 4.25 million shares of Common Stock, presuming that the full amount of the Preferred Shares is sold, exercisable for five years at $5.92 per share, subject to adjustment.

    The proceeds from the Financing will be used for expansion of the MI data center to support infrastructure upgrades necessary to support the growing demands of high-performance computing services powering Artificial Intelligence solutions, repayment of outstanding indebtedness and general working capital purposes.

    “The conversion price of the Preferred Shares is nearly a 25% premium over the current market price. That A&C is willing to invest an additional up to $25 million, beyond the $75 million in shares of a virtually identical series of preferred stock, the Series C Preferred Stock of which it has already purchased approximately $50 million, on those terms should be a clear indicator of our belief that the market has been undervaluing the Company, which I’ve been highlighting for years. This transaction is more than a number—it’s a declaration of my steadfast confidence in our data centers, the crane company, the lending firm, and the exceptional portfolio companies we’ve nurtured over the past seven years. Each is a vital component of our collective success,” said Milton “Todd” Ault III, Executive Chairman of Hyperscale Data and Chairman & CEO of A&C.

    The Agreement provides for several closings through December 31, 2025, though such dates may be extended by A&C as set forth in the Agreement. The consummation of the transactions contemplated by the Agreement, specifically the conversion of the Preferred Shares and the exercise of the Warrants in an aggregate number in excess of 19.99% on the execution date of the Agreement, are subject to various customary closing conditions as well as regulatory and stockholder approval. In addition to customary closing conditions, the closing of the Financing is also conditioned upon the receipt by A&C of financing to consummate the transaction.

    Additional information regarding the securities described above and the terms of the Financing will be included in a Current Report on Form 8-K to be filed with the United States Securities and Exchange Commission (“SEC”).

    The Preferred Shares and Warrants will be issued in reliance upon the exemption from the securities registration afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”) as promulgated by SEC under the Securities Act.

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

    For more information on Hyperscale Data and its subsidiaries, Hyperscale Data recommends that stockholders, investors and any other interested parties read Hyperscale Data’s public filings and press releases available under the Investor Relations section at hyperscaledata.com or available at www.sec.gov.

    About Hyperscale Data, Inc.

    Hyperscale Data is transitioning from a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact to becoming solely an owner and operator of data centers to support high performance computing services. Through its wholly and majority-owned subsidiaries and strategic investments, Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries. It also provides, through its wholly owned subsidiary, Ault Capital Group, Inc., mission-critical products that support a diverse range of industries, including an artificial intelligence software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, Hyperscale Data is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

    Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8- K. All filings are available at www.sec.gov and on the Company’s website at www.hyperscaledata.com.

    Hyperscale Data Investor Contact:
    IR@hyperscaledata.com or 1-888-753-2235

    The MIL Network –

  • MIL-OSI: Bitget Partners with Fiat24 to Advance PayFi Solutions for Crypto

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Dec. 23, 2024 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced a strategic partnership with Fiat24, a Swiss-regulated fintech company that develops modern banking solutions powered by blockchain technology. The collaboration focuses on exploring PayFi solutions for major cryptos like Ethereum (ETH) and Bitget Token (BGB), as well as stablecoins such as USD Coin (USDC). This initiative aims to provide seamless, efficient, and secure payment solutions that bridge traditional and decentralized financial ecosystems.

    Bitget has recently made significant progress in the PayFi space with the launch of services such as Bitget Pay and Bitget Card. Bitget Pay enables low-fee, instant crypto payments, while the Bitget Card allows users to seamlessly convert crypto into fiat for real-world transactions using a globally accepted debit card.

    Fiat24, on the other hand, offers a regulated Swiss-based payment system to users across 65 countries and regions, providing access to a crypto-friendly Swiss offshore bank account paired with a Mastercard debit card. This blockchain-driven approach ensures transparency, security, and user ownership.

    The partnership between Bitget and Fiat24 combines Bitget’s comprehensive crypto ecosystem with Fiat24’s innovative infrastructure. Together, they aim to expand the use cases for ETH, BGB, and stablecoins, driving accessibility and adoption of PayFi solutions globally.

    “We are excited to collaborate with Fiat24 to advance crypto payments and simplify access to financial services for users worldwide, especially the unbanked,” said Gracy Chen, CEO at Bitget. “PayFi will be one of Bitget and BGB’s long-term strategies and a key approach to enhancing the real-world impact of crypto assets. Together with our partners, we envision a future where crypto payments become the norm.”

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

    Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e693ef7b-cac1-4f78-9c91-fcb74f563615

    The MIL Network –

  • MIL-OSI: Form 8.3 – [LEARNING TECHNOLOGIES GROUP PLC – 20 12 2024] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 LEARNING TECHNOLOGIES GROUP PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 20 DECEMBER 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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

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

    Class of relevant security: 0.375p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 9,748,176 1.2301    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 9,748,176 1.2301    

    All interests and all short positions should be disclosed.

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

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

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

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

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

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

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    0.375p ORDINARY SALE 10,900 97.81p

    (b)        Cash-settled derivative transactions

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

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

    (i)        Writing, selling, purchasing or varying

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

    (ii)        Exercise

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

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

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

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

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

    NONE

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

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

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 23 DECEMBER 2024
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

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

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

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

    The MIL Network –

  • MIL-OSI United Kingdom: Plans approved for almost 100 new energy-efficient council homes as part of major overhaul

    Source: City of Wolverhampton

    It is part of City of Wolverhampton Council’s citywide strategy to identify solutions for 4,100 out-dated homes built by old, non-traditional construction methods.

    Keon Homes has, through the council’s housing framework, been appointed as the construction partner for the new homes on the Lincoln Green Estate and are expected to start on site in late spring.

    The first wave of demolition of the ageing bungalows continues across the estate on Alleston Road, Grosvenor Road, Lincoln Green and School Lane – and in the Wood End and Portobello areas of the city. Work on planning applications for new homes in the other two locations are ongoing.

    All of the old bungalows have been declared defective under the 1985 Housing Act – and suffer from a number of issues including failing structural elements, leaking and poorly insulated roofs, very poor thermal efficiency, and wet rot in the floor.

    The council has therefore taken the decision to replace the properties before they have an adverse effect on tenants’ health and wellbeing.

    The new, modern housing will also provide a greater ability to adapt properties to meet tenants’ needs, something which has been difficult to achieve in the out-dated properties due to their structural limitations.

    The overall non-traditional housing stock replacement programme is being managed on behalf of the council by Wolverhampton Homes and follows extensive and ongoing consultation with residents.

    City of Wolverhampton Council Deputy Leader and Cabinet Member for City Housing, Councillor Steve Evans, said: “The non-traditional built properties are in such poor structural condition that they can no longer be economically and satisfactorily maintained.

    “For the safety and comfort of our residents, we are delivering better homes in the long term that they can make their own in the same location.

    “We will continue talking with all those affected and have engaged with all tenants, who are relishing the prospect of moving into brand new homes. They understand the absolute necessity to remove these out-dated bungalows and replace them with new modern homes.

    “It is a key priority of our council plan to ensure we provide good homes in well-connected neighbourhoods for all our residents.”

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Alexander Novak took part in the launch of the third line of the Kysyl-Syr – 84 km gas pipeline

    Translation. Region: Russian Federation –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Alexander Novak, via video link, performed the ceremonial launch of the 3rd line of the main gas pipeline “Kysyl-Syr – 84 km”. With Head of the Republic of Sakha (Yakutia) Aisen Nikolaev

    December 23, 2024

    Alexander Novak performed the ceremonial launch of the 3rd line of the main gas pipeline “Kysyl-Syr – 84 km” via video link. With Head of the Republic of Sakha (Yakutia) Aisen Nikolaev

    December 23, 2024

    Alexander Novak, via video link, performed the ceremonial launch of the 3rd line of the main gas pipeline “Kysyl-Syr – 84 km”. With Head of the Republic of Sakha (Yakutia) Aisen Nikolaev

    December 23, 2024

    Alexander Novak, via video link, performed the ceremonial launch of the 3rd line of the main gas pipeline “Kysyl-Syr – 84 km”. With Head of the Republic of Sakha (Yakutia) Aisen Nikolaev

    December 23, 2024

    Previous news Next news

    Alexander Novak performed the ceremonial launch of the 3rd line of the main gas pipeline “Kysyl-Syr – 84 km” via video link. With Head of the Republic of Sakha (Yakutia) Aisen Nikolaev

    Deputy Prime Minister Alexander Novak held a ceremonial launch of the third line of the Kysyl-Syr – 84 km main gas pipeline via video link. The head of the Sakha Republic (Yakutia) Aisen Nikolaev and the general director of JSC Sakhatransneftegaz Alexey Kolodeznikov also took part in the gas launch ceremony.

    “The launch of the Kysyl-Syr main gas pipeline with its subsequent inclusion in the unified gas transportation system is of the utmost socio-economic importance for the residents of the republic and will ensure reliable gas supply to the Central Energy Region of Yakutia. These are 102 settlements, including Yakutsk, Pokrovsk and Vilyuysk. These settlements are home to 456 thousand people, 626 social infrastructure facilities are located – 220 schools, 235 kindergartens, 171 medical institutions,” noted Alexander Novak.

    From 2021 to 2025, the construction of 11 inter-settlement gas pipelines, 6 gas pipeline branches and gas distribution stations is planned in Yakutia. Another 28 settlements will be gasified. In 2025, it is planned to gasify at least 1.5 thousand households as part of the social additional gasification program.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Airport probe report reviewed

    Source: Hong Kong Information Services

    The Government has reviewed an investigation report by the Airport Authority (AAHK) regarding an incident in November last year involving the Automated People Mover system (APM) at Hong Kong International Airport.

     

    On November 21, 2023, a young passenger using the APM system was suspected to have stepped into a gap between a platform and a train.

     

    With regard to system safety, the authority’s investigation did not find any systematic safety issues with the APM system.

     

    Infrared devices are installed at the platform screen doors (PSDs) and train doors, such that when a device detects that a passenger or obstacle has been trapped between a PSD and a train door, the system will instruct the PSDs and the train doors to remain open.

     

    The AAHK also completed a project in June this year to narrow the gap between platforms and trains, thereby serving to prevent passengers from stepping into the platform gap.

     

    The Electrical & Mechanical Services Department has confirmed that the APM system is safe in its design and operation.

     

    In relation to notification of incidents, the AAHK will give notice to the Government of any incident in which a person falls between a train and a platform, in accordance with the relevant regulations.

     

    The AAHK conducted a thorough and in-depth investigation into the incident and found no evidence of a cover-up by any staff. It admitted that the scope of its first investigation, conducted early this year, was not thorough enough.

     

    The AAHK’s investigation found that after the young passenger stepped into the gap between the platform and the train, other passengers immediately pulled her out of it. As the train doors were closed, as scheduled, no system alert was triggered. The AAHK did not receive any complaint or injury report filed by the passenger or her family at that time.

     

    That said, the AAHK admitted that there was lack of clarity in the APM Operation & Emergency Procedure Manual, and a lack of alertness in reporting and communication among frontline staff, resulting in the incident not being properly recorded at that time.

     

    As a result, AAHK staff failed to identify the incident in time and report it to the Government.

     

    The Government noted that the AAHK has already taken disciplinary actions against the relevant staff. It requested that the authority implement improvement measures to prevent similar incidents from occurring again.

     

    It also noted that the AAHK has enhanced its incident investigation mechanism and has been implementing two other improvement measures.

     

    One of these involves finishing updates to the APM manual and arranging relevant training next month to strengthen the incident notification mechanism. The other involves completing the enhancement of the CCTV system on platforms by March next year.

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Facilities for Family Entertainment Reconstructed with FEMA Funds

    Source: US Federal Emergency Management Agency

    Headline: Facilities for Family Entertainment Reconstructed with FEMA Funds

    Facilities for Family Entertainment Reconstructed with FEMA Funds

    Guaynabo, PUERTO RICO — To have family entertainment spaces where people can enjoy safe places to gather, especially during the holiday season, is part of Puerto Rico’s integral recovery. That’s why the Federal Emergency Management Agency (FEMA) obligated $3.1 million to repair the Southern Coast Boardwalk in Juana Díaz, and the floating dock and gazebos in Ceiba.“These recreational areas provide spaces for families to share. They benefit their residents as well as all local and international visitors who enjoy their cultural and gastronomic offering, in addition to promoting the economy of the municipalities,” said Federal Disaster Recovery Coordinator José Baquero.According to Carimelys Alvarado, the Culture, Arts and Tourism director for the municipality of Juana Díaz, the boardwalk located in the Camboya community has great tourist value, as well as merchants and fisherfolk who contribute directly to economic development. Besides having gastronomic alternatives, they also host musical and family events. The boardwalk was established in 2000 and it welcomes up to 500 people during the weekends.“This is one of our great contributions to the economy, culture and tourism. As natives from Juana Díaz, this project was like a diamond for us. I remember the inauguration, when we got goosebumps because our coast is so important. This project marks an emphasis on our economic development,” Alvarado said.For the merchants, the repairs have meant receiving more customers, encouraged by how beautiful the facilities are now. This was confirmed by business owner Rubén Figueroa Ortiz. “This boardwalk repair has benefited us a lot, especially the businesses. Now we have a higher attendance. I am the oldest merchant here, with many years of service, and I feel very proud to have this opportunity right now,” he added.Some of the already completed repairs with an allocation of nearly $2.9 million include the replacement of aluminum panels, repairs to the asphalt surface, concrete piers and sidewalks, exterior electrical outlets, lighting fixtures and stairs, and the installation of a concrete retaining wall in the waterfront boardwalk area.Mitigation measures were carried out with nearly $937,000 within the same allocation. For example, a geotextile filter fabric was added to prevent internal erosion; the piles were reinforced to make them resistant to strong waves and protect them from corrosion; and the wooden decking was replaced with PVC to increase its durability.The director of the Juana Díaz Recovery Office, José Plata, said that this project is one of the most important that the municipality has been able to complete after the impact of the hurricanes, “especially for the community, as part of its culture and traditions.”On the other hand, in Ceiba, the dock and the gazebos located at the Villa Pesquera on Los Machos Beach offer a sustainable alternative to maximize space for fisherfolk without damaging marine ecosystems, according to the director of the Municipal Office of Emergency Management, Eddie García.“Its innovative design allows it to adapt to the water level, reducing the environmental impact. In addition, it combines aquatic activities with a perfect setting for social and cultural events. You can enjoy a restaurant and kiosks with fresh seafood, typical Puerto Rican food and live music, as well as kayaking, paddleboarding and recreational fishing,” García added.The high-density plastic floating dock built in 2015 extends into the ocean and receives between 75 and 500 visitors per week. Both were severely damaged and dismantled by high winds and storm surge during Hurricane María.With an obligation of nearly $226,000, the municipality has already completed repairs to the pier and the 16 wooden gazebos in front of the beach ―dated from 1995― are in the planning phase. Part of the work included the replacement of the pier, the access and the replacement of the gazebos’ bases and roofs. As part of the hazard mitigation measures, the gazebos will be reinforced with anticyclonic anchoring and additional anchoring for the roofs at a cost of nearly $2,000.One of its regular visitors is Ana López, who uses the dock ramp for her boat. López describes it as “a meeting point for the fishing community and a unique tourist attraction that promotes the responsible enjoyment of natural resources, while strengthening the area’s cultural and economic identity.”Meanwhile, the executive director of the Central Office for Recovery, Reconstruction and Resiliency (COR3), Manuel A. Laboy Rivera, said that “recreational and sports facilities are an important element in the communities, as they promote the training of our athletes and foster the economic development of various sectors. These projects in Juana Díaz and Ceiba are in addition to another 1,236 works with investments totaling $446.6 million that are under construction in the 78 municipalities. Meanwhile, citizens already enjoy 970 completed works around the island representing $187.5 million. We reaffirm our commitment to continue assisting them in the execution of another 832 recreational facilities that are in the design or construction acquisition stage.”FEMA has allocated over $34.5 billion for Puerto Rico’s recovery from Hurricane María. Of this total funding, about $1.4 billion are earmarked for nearly 2,200 park and recreational facility projects throughout the island. For more information about Puerto Rico’s recovery,  visit fema.gov/disaster/4339, fema.gov/disaster/4473 and recovery.pr. Follow us on our social media at Facebook.com/FEMAPuertoRico, Facebook.com/COR3pr and Twitter @COR3pr.
    manuel.deleon
    Mon, 12/23/2024 – 11:33

    MIL OSI USA News –

  • MIL-OSI: Form 8.3 – [LOUNGERS PLC – 20 12 2024] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

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

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary Clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 LOUNGERS PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure

    20 DECEMBER 2024
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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

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

    Class of relevant security: 1p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 1,300,261 1.2508    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 1,300,261 1.2508    

    All interests and all short positions should be disclosed.

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

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

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

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

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

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

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    1p ORDINARY SALE 4,335 305.022p

    (b)        Cash-settled derivative transactions

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

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

    (i)        Writing, selling, purchasing or varying

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

    (ii)        Exercise

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

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

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

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

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

    NONE

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

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

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 23 DECEMBER 2024
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

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

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

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

    The MIL Network –

  • MIL-OSI: Castellum, Inc. Wins OASIS+ Unrestricted IDIQ Contract

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Va., Dec. 23, 2024 (GLOBE NEWSWIRE) — Castellum, Inc. (NYSE-American: CTM) (“Castellum”), a cybersecurity, electronic warfare, and software engineering services company focused on the federal government, announces that its subsidiary Specialty Systems, Inc., teaming with Castellum’s other two subsidiaries Corvus Consulting, LLC and Global Technology and Management Resources, Inc., was awarded all four unrestricted domains upon which it submitted proposals. This award is in addition to the three small business domains the Castellum team has already been awarded on One Acquisition Solution for Integrated Services Plus (“OASIS+”).

    OASIS+ is a suite of government-wide, multi-award contracts designed to support federal agencies’ procurement requirements for services-based solutions. With a potential ten-year performance period and no ceiling value, OASIS+ represents a significant opportunity for the Castellum team to expand its support to federal customers. Learn more at: https://www.gsa.gov/oasis-plus/about/

    “Our Castellum team could not be more excited and inspired to learn of this major strategic win, the most important in Castellum’s history, and we are 100% prepped and energized to push full throttle and maximize the considerable potential OASIS+ unrestricted IDIQ contract represents. Our award in the unrestricted category includes four key domains where we are laser-focused, determined, and galvanized for organic growth: intelligence services, technical and engineering, research and development, and management & advisory. These domains represent some of the most relevant and critically important needs and requirements across our federal government and for many of our current and future mission customers, and they also represent what we do best. OASIS+ could not be a better fit for us and our strengths. As I have reinforced in past press releases, our winning advantage starts with our exceptional Castellum professionals that bring those world-class skills, talent, and experience, specific to these domains, for our customers and our vital national security mission. And together with our strong mission and technical capabilities and extensive and relevant past performance that are also directly linked to these four domains, our Castellum team will be well-postured to successfully pursue our strong and viable organic growth plans and goals for the new year and beyond,” said Glen Ives, President and Chief Executive Officer of Castellum.

    About Castellum, Inc.

    Castellum, Inc. (NYSE-American: CTM) is a cybersecurity, electronic warfare, and software engineering services company focused on the federal government – http://castellumus.com/.

    Cautionary Statement Concerning Forward-Looking Statements:

    This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent the Company’s expectations or beliefs concerning future events and can generally be identified by the use of statements that include words such as “estimate,” “project,” “believe,” “anticipate,” “shooting to,” “intend,” “plan,” “foresee,” “likely,” “will,” “would,” “appears,” “goal,” “target” or similar words or phrases. Forward-looking statements include, but are not limited to, statements regarding the Company’s expectations for revenue growth and new customer opportunities including opportunities arising from the OASIS+ unrestricted contract, improvements to cost structure, and profitability. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results expressed or implied in the forward-looking statements, including, among others: the Company’s ability to compete against new and existing competitors; its ability to effectively integrate and grow its acquired companies; its ability to identify additional acquisition targets and close additional acquisitions; the impact on the Company’s revenue due to a delay in the U.S. Congress approving a federal budget or continuing resolution; and the Company’s ability to maintain the listing of its common stock on the NYSE American LLC. For a more detailed description of these and other risk factors, please refer to the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission (“SEC”) which can be viewed at www.sec.gov. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. The Company expressly disclaims any intent or obligation to update any of the forward-looking statements made in this release or in any of its SEC filings except as may be otherwise stated by the Company.

    Contact:

    Glen Ives, President and Chief Executive Officer
    Phone: (703) 752-6157
    Contact: Info@castellumus.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fede7b34-328b-4712-af1f-9dac580afdb7

    The MIL Network –

  • MIL-OSI: Partners Value Investments L.P. Announces Renewal of Normal Course Issuer Bids

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Dec. 23, 2024 (GLOBE NEWSWIRE) — Partners Value Investments L.P. (the “Partnership”) (TSX VENTURE: PVF) announced today that it has received approval from the TSX Venture Exchange (the “Exchange”) to renew its normal course issuer bids to purchase up to 3,521,732 of its non‐voting equity limited partnership units (the “Equity LP Units”), representing approximately 5% of its currently outstanding Equity LP Units; and to purchase up to 938,226 of its non‐voting Class A preferred limited partnership units, Series 1 (the “Preferred LP Units”), representing approximately 5% of its currently outstanding Preferred LP Units (collectively, the “Bids”). The period of the Bids will be effective from January 3, 2025 to January 2, 2026, or such earlier date that the Partnership completes its purchases.

    Purchases by the Partnership pursuant to the Bids will be made by its broker, RBC Capital Markets, through the facilities of the Exchange, other designated exchanges and alternative trading systems in Canada. The price which the Partnership will pay for any Equity LP Units and Preferred LP Units purchased will be the market price of the Equity LP Units and Preferred LP Units at the time of acquisition. Any Equity LP Units and/or Preferred LP Units acquired through the Bids will be cancelled. As of December 13, 2024, there were 70,434,631 Equity LP Units outstanding and 18,764,512 Preferred LP Units outstanding.

    Of the 3,533,556 Equity LP units and 938,350 Preferred LP Units approved for purchase under the Partnership’s prior normal course issuer bids that commenced on January 3, 2024 and will be expiring on January 2, 2025, the Partnership purchased 278,324 Equity LP Units at an average price of $102.02 and did not make any purchase of Preferred LP Units through the facilities of the Exchange, other designated exchanges or an alternative trading system in Canada.

    The Partnership believes that, from time to time, the market price of its securities may not adequately reflect their value. In such circumstances, the Partnership believes the purchase of its outstanding securities may represent an appropriate and desirable use of its available funds. All Equity LP Units and Preferred LP Units acquired by the Partnership under the Bids will be cancelled.

    In connection with the Bids, the Partnership entered into an automatic purchase plan with its designated broker, RBC Capital Markets. The automatic purchase plan will allow for the purchase of Equity LP Units and Preferred LP Units when the Partnership would not ordinarily be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Outside of these periods, Equity LP Units and Preferred LP Units will be repurchased in accordance with management’s discretion and in compliance with applicable law.

    For further information, contact Investor Relations at ir@pvii.ca or 416-643-7621.

    Note: This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable Canadian securities regulations. Expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify forward- looking information and forward-looking statements.

    Although the Partnership believes that its anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond its control, which may cause the actual results, performance or achievements of the Partnership to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.

    Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements and information include, but are not limited to: the financial performance of Brookfield Corporation and Brookfield Asset Management Ltd., the impact or unanticipated impact of general economic, political and market factors; the behavior of financial markets, including fluctuations in interest and foreign exchanges rates; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; strategic actions including dispositions; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation; changes in tax laws, catastrophic events, such as earthquakes, hurricanes, or pandemics/epidemics; the possible impact of international conflicts and other developments including terrorist acts; and other risks and factors detailed from time to time in the Partnership’s documents filed with the securities regulators in Canada.

    The Partnership cautions that the foregoing list of important factors that may affect future results is not exhaustive. When relying on the Partnership’s forward-looking statements and information, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, the Partnership undertakes no obligation to publicly update or revise any forward-looking statements and information, whether written or oral, that may be as a result of new information, future events or otherwise.

    The MIL Network –

  • MIL-OSI: Castellum, Inc. Announces Pricing of $3.6 Million Registered Direct Offering

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Va., Dec. 23, 2024 (GLOBE NEWSWIRE) — Castellum, Inc. (the “Company”) (NYSE-American: CTM), a cybersecurity, electronic warfare, and software services company focused on the federal government, today announced that it has entered into a securities purchase agreement with several institutional investors to purchase 9,473,700 shares of common stock in a registered direct offering. The shares of common stock are being sold at an offering price of $0.38 per share.

    The gross proceeds to the Company from the registered direct offering are estimated to be approximately $3.6 million before deducting the placement agent’s fees and other estimated offering expenses payable by the Company. The offering is expected to close on or about December 24, 2024, subject to the satisfaction of customary closing conditions.

    Maxim Group LLC is acting as the sole placement agent in connection with the offering.

    The shares of common stock are being offered pursuant to a shelf registration statement on Form S-3 (File No. 333-275840), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on December 12, 2023. The offering of shares of common stock will be made only by means of a prospectus supplement that forms a part of such registration statement.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. A prospectus supplement relating to the shares of common stock will be filed by the Company with the SEC. When available, copies of the prospectus supplement relating to the registered direct offering, together with the accompanying prospectus, can be obtained at the SEC’s website at www.sec.gov or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@maximgrp.com or telephone at (212) 895-3500.

    About Castellum, Inc.

    Castellum, Inc. (NYSE-American: CTM) is a defense-oriented technology company that is executing strategic acquisitions in the cybersecurity, MBSE, and information warfare areas – http://castellumus.com/.

    Forward-Looking Statements:

    This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Words such as “will,” “would,” “believe,” and “expects,” and similar language or phrasing are indicative of forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and other factors, many of which are outside of the Company’s control, that could cause actual results to differ (sometimes materially) from the results expressed or implied in the forward-looking statements, including, among others: the Company’s ability to close the described debt financing; its ability to effectively integrate and grow its acquired companies; its ability to identify additional acquisition targets and close additional acquisitions; the impact on the Company’s revenue due to a delay in the U.S. Congress approving a federal budget; and the Company’s ability to maintain the listing of its common stock on the NYSE American LLC. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in Item 1A. “Risk Factors” section of the Company’s recently filed Form 10-Q, Item 1A. “Risk Factors” in the Company’s most recent Form 10-K, and other filings with the Securities and Exchange Commission which can be viewed at www.sec.gov. These risks and uncertainties, or not closing the described potential debt financing in this press release, could cause the Company’s actual results to differ materially from those indicated in the forward-looking statements. Except to the extent required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, a change in events, conditions, circumstances or assumptions underlying such statements, or otherwise.

    Contact:

    Glen Ives, President and Chief Executive Officer
    Phone: (703) 752-6157
    Contact: Info@castellumus.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f3d9cecc-6bab-4be4-a011-1a1ac2c9d09a

    The MIL Network –

  • MIL-OSI Economics: COP 29: Enhancing Strategic Collaboration Across Organisations of African, Caribbean and Pacific States for Climate Disaster Resilience

    Source: Caribbean Development Bank

    Opening Statements 

    Mr. L O’Reilly Lewis, Acting Director, Projects Department, CDB 
    Mr. Jose Carlos Edo Monfort, Team Leader, Directorate General INTPA (European Commission) 
    Ms. Cristelle Pratt, Assistant Secretary General, OACPS

    Panellists

    Ms. Valerie Isaac, Division Chief, Environmental Sustainability Unit, CDB  
    Dr. Pendo Maro, Team Leader, Technical Assistance Team, DRRP
    Ms. Lisa Kingsberry, Communications Director, SPC – DRR

    Moderator

    Ms. Cristelle Pratt, Assistant Secretary General, OACPS

    MIL OSI Economics –

  • MIL-OSI Economics: CDB at COP 29

    Source: Caribbean Development Bank

    The Caribbean needs urgent, scaled-up climate action focused on resilience, adaptation, and sustainable development. At COP 29 in Baku, Azerbaijan, CDB will advocate for greater global support and action.

    Key messages include the need for increased climate finance through a New Collective Quantified Goal, focusing on Small Island Developing States and urging international collaboration on sustainable, climate-resilient development. CDB’s initiatives, such as climate-proofed infrastructure projects, renewable energy investments, and support for climate-smart agriculture, underscore the critical role of enhanced funding and capacity-building in transforming Caribbean economies toward sustainability.

    During the two-week event, held from November 11 to 22, 2024, members of the CDB delegation will participate in dialogues with partners and stakeholders who can make a significant difference in the thrust to modify the global financial architecture to ensure small developing states, such as CDB’s Borrowing Member Countries, receive the support needed to survive this growing scourge.

    MIL OSI Economics –

  • MIL-OSI Economics: COP 29: Strengthening Hydro-meteorological and Early Warning Systems in the Caribbean

    Source: Caribbean Development Bank

    [embedded content]

     

    The side event aims to bring attention to the adverse impacts of climate change through discussion related to strengthening and streamlining regional and national systems and capacity related to weather forecasting, hydrological services, multi-hazard impact-based warnings and service delivery for enhanced decision-making, in particular the preparedness and response capacity of individuals, institutions and communities. The event is informed by the UN’s “Early Warning for All initiative (EW4All)” and the CREWS Caribbean initiatives.

    MIL OSI Economics –

  • MIL-OSI Economics: The Caribbean: Catapulting through Climate Change yet Breaking the Fall

    Source: Caribbean Development Bank

    The Caribbean faces severe climate change impacts now, despite its minuscule contributions to global emissions. The international community must act urgently to provide robust climate finance to break the cycle of disaster and recovery. 

    With united efforts, innovative solutions, and a commitment to climate justice, the region can achieve sustainable resilience. Learn more about the steps we need to take – our future depends on it.

    Read the by , President (Ag.), Caribbean Development Bank, and published by the ahead of COP29.

    MIL OSI Economics –

  • MIL-OSI Economics: Expert Forum on Anti-Corruption in the Age of AI

    Source: Caribbean Development Bank

    Dr. Darran Newman

    Advisor to the Acting President (Ag.), Caribbean Development Bank

    Dr. Darran Newman found the work that was meant for her when she started her development career as a sociologist at the Planning Institute of Jamaica (PIOJ).  Today she is a highly competent international development expert with over 25 years of policy-related and field experience from working with multilateral, bilateral development agencies and government, providing global development leadership.  Her extensive experience in social development included integrating gender equality and social inclusion in development programming and policy processes.

    During the period 1999-2013 she worked with the UK Government’s Department for International Development (renamed FCDO) and the European Commission, carrying out socio-political and poverty analysis, and bringing expertise in promoting gender equality and women’s empowerment to interdisciplinary team working and global research.

    As a social development specialist, she conducted social audits and social impact and gender assessments for agricultural innovation initiatives in India and Central and Western Africa.  Championing gender equality and the rights and empowerment of women and girls was a central part of the social development analytical support for Eastern Europe, Tajikistan, Kyrgzhstan and Southern Africa country programmes.

    Driven by a strong urge to support international development in the Caribbean, in 2013 she returned to the region to join the Caribbean Development Bank (CDB) as Portfolio Manager for the Basic Needs Trust Fund (BNTF).   Subsequently, she led the Bank’s Technical Cooperation Division for 4 years.  Since 2021 she held position of Advisor to the Vice-President (Operations) and more recently holds the position of Advisor to the Acting President.

    One of her major aspirations is to always be a change-maker and work with others to achieve deep and wide systemic change in the Caribbean.

    Darran has always wanted to be in a position where she could help to create better futures especially for children.  This passionate advocacy for children’s rights led her to investigate child policy implementation in Jamaica.  She has a master’s degree in Sociology and completed a PhD in Social Policy.

    Monday December 9

    Time Zone

    America/Barbados

    MIL OSI Economics –

  • MIL-OSI United Kingdom: Goods Yard hits targets to boost local economy weeks ahead of opening

    Source: City of Stoke-on-Trent

    A flagship regeneration project in Stoke-on-Trent is already having a major impact on the local economy with job opportunities secured for almost 200 people.

    Social impact developers Capital&Centric are working in partnership with Stoke-on-Trent City Council to develop Goods Yard.

    The former train station site, which was neglected for many years, is being transformed into a vibrant canalside neighbourhood boasting 174 brand new homes for rent and 30,000 sq ft of commercial space which will be used for leisure, retail and workspace.

    Already, the development – which is on track for completion in spring 2025 – has added £63 million to the local economy and created job opportunities for 190 workers from the area – 107 of which are local to Stoke-on-Trent.

    Down the line there will be even more opportunities created at Goods Yard with approximately 237 local jobs set to be created in leisure and hospitality and an estimated annual employment impact of £5.4 million.

    It is all part of a joint mission by Capital&Centric and the council to deliver positive social value from the regeneration project.

    Since starting on site contractors Bowmer + Kirkland have engaged with nearly 3,000 students from schools and colleges across Stoke-on-Trent, highlighting a range of careers in the construction industry.

    Ajmal Muhammed from Stoke-on-Trent College successfully completed a placement with B+K and has since been accepted onto a degree apprenticeship programme as a trainee quantity surveyor.

    Ajmal was given the opportunity to work at Goods Yard after attending Capital&Centric’s Regeneration Brainery event, a pioneering initiative which aims to get more diverse young people into property careers.

    Ajmal, who lives in Tunstall, said: “I was offered an apprenticeship with B+K after smashing my interview and getting the results I needed from college, I got a distinction star and two distinctions.

    “I’ve been here a few months now and my favourite part of the site is The Vaults, I’ve just never seen anything like it before it’s really interesting.

    “I will be helping to finish the Goods Yard which is really exciting, then once it’s complete I’ll be moving onto another B+K project. I have just started at Salford University too where I am working towards becoming a Chartered Surveyor.”

    Councillor Finlay Gordon-McCusker, cabinet member for transport, infrastructure and regeneration at Stoke-on-Trent City Council, said: “Ajmal is really enthusiastic about being able to work on this landmark development, and it is great that he has been given the opportunity to hone his skills on a major regeneration project in his home city.

    “Goods Yard is a first-of-its-kind scheme for Stoke-on-Trent but it’s far greater than bricks and mortar. It’s great to see the social benefits coming to fruition with a number of successful apprenticeships and local people employed during construction.

    “We’re very pleased to be working with Capital&Centric and B+K who both prioritise local impact. We’ll also see many more jobs and opportunities once Goods Yard is complete next year, making a real difference to people and the local economy.”

    Tom Wilmot, joint managing director at Capital&Centric, said: “Regeneration is not just about creating new spaces for people to live, work and hang out. Making sure the benefits are felt locally is just as important and takes time and effort.

    “From the apprentices on site to the work we’ve done with young people through Regeneration Brainery we’ve made sure social value sits at the heart of the development.”

    Mona Baig, social value co-ordinator at Bowmer + Kirkland said: “We are pleased to have achieved our social value targets on the Goods Yard project. Engaging positively within the community is of utmost importance to us.

    “Stoke-on-Trent offers a wide range of diverse talents for which we have been happy to provide and facilitate opportunities for on this major local project.

    “We hope our continued engagement with job seekers, young people and local charities within the Stoke-on-Trent and Staffordshire area will create a long-term positive impact to the local community. With thanks to our supply chain partners, we look forward to continuing our support within the local area.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Everything you need to know about bin collections and recycling this Christmas season

    Source: City of Manchester

    With the festive season upon us, noticeable changes to our neighbourhoods are in full sleigh and are not just about the twinkle of lights or wuthering wreaths.

    There will be important changes to bin and recycling collection schedules over the Christmas and New Year period. Every year, Manchester City Council have aim to make this time as easy as possible for residents with limited disruption. 

    Christmas and New Year Bin Collection Schedule: 

    • Monday 23 December & Monday 30 December – No change. 
    • Tuesday 24 December & Tuesday 31 December – No change. 
    • Wednesday collections – Move to Friday 27 December & Thursday 2 January. 
    • Thursday collections – Move to Saturday 28 December & Friday 3 January. 
    • Friday collections – Move to Sunday 29 December & Saturday 4 January. 

    Regular collection days will resume from Monday 6 January 2025 onwards. 

    Residents can find these changes on their printed bin calendars (delivered in summer 2024) and online, where they can sign up for reminders through our email service, BINFO. This service will send tailored reminders on collection days, ensuring you don’t miss a pick-up. 

    The Council has also informed apartment building managers and social landlords, who often coordinate bin collections for residents in flats and apartment blocks. 

    To help spread the message, a banner has been at the top of the council’s waste and recycling homepage since 1 December, linking to a dedicated page that provides full details on the changes and additional guidance on waste disposal and recycling. 

    An e-bulletin sent to over 28,000 people, social media posts, and a community toolkit emailed to partners has also been used to ensure neighbourhoods across Manchester are aware of the changes. 

    Councillor Lee-Ann Igbon, Executive Member for Vibrant Neighbourhoods, said: “With the festive season bringing joyful celebrations, we understand that many residents may be adjusting their routines. The changes to our bin and recycling collections are designed to minimise disruption during this busy time and ensure services run smoothly.

    “By providing clear information, tailored reminders through our BINFO service, and accessible details online, we’re making it easier for Manchester residents to stay on top of their waste and recycling, while helping to a maintain clean, festive neighbourhoods so everyone can enjoy Christmas and New Year.” 

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Winners announced at this year’s Open exhibition

    Source: City of Leicester

    MORE than 20 artists from across the East Midlands are celebrating their success at Leicester’s Open exhibition.

    The annual exhibition recognises the talent of local artists of all ages, with prizes awarded to the paintings, sculptures, textiles, prints and photographs that have been selected by a panel of judges, with the awards generously supported by local sponsors.

    Amongst the winners was Susan Isaac (pictured), who wins this year’s Attenborough Prize.

    Landscape artist Susan won the prestigious prize for her work Balance and Counterbalance (mixed media on canvas).

    It’s the second time that Newark-based Susan has won The Attenborough Prize, having previously won it in 2022.

    “I was astonished and absolutely delighted to be presented with the Attenborough Prize,” she said.

    “I am so grateful to the selectors and judges and everyone involved in putting on this wonderful annual exhibition – one that I’ve been pleased to be involved with since first applying in 2015.

    “Balance and Counterbalance emerged from a recent visit to Blaenavon Ironworks, now part of a World Heritage Site and close to my late father’s coal-mining family home in nearby Llanbradach.

    “The painting depicts a tower for a water balanced lift, used to convey raw materials and pig iron between the different levels of the site. I am always mindful, when visiting such sites, of a strong sense of the wounds inflicted on the land as well as on the iron workers and the miners who inhabited the communities here, both above and below ground, and of the power of the natural world to restore some kind of equilibrium.”

    Jewellery designer Christine Pearson – who’s based in Leicester – won the Leicester Museums & Galleries’ Development Trust Prize (adult category) for Shell Collection – a wooden box containing10 kiln-fired enamel on copper brooches.

    Describing the work, Christine said it depicted “fantasmagorical (sic) creatures from the little-known oceans surrounding the ancient seaport of Leicester.”

    Writing on Facebook, she added: “I’m so thrilled to have won the Leicester Museums and Galleries Trust Prize at the Leicester Open exhibition!

    “My box of enamelled shells was inspired from years of looking at Victorian collections in museums and old houses, and childhood memories of my Grandad’s shell collection, which he kept in a home-made cardboard box.”

    The other winners in the adult category were as follows:

    Art House award: Carol Pairaudeau for Type/Write

    CVAN East Midlands award: Sarah Mason for A Labradoodle’s Lazy Afternoon

    LCB Depot awards: Moya Acton for Nocturn, Katie Richards for Bernadette, Emma Peers for What’s Your Thread Length?

    Leicester Gallery (De Montfort University) award: Emma Peers for What’s Your Thread Length?

    Leicester Print Workshop award: Katerina Luchkova for Reflections of the City

    Phoenix award: Klara Simandi for Textile Flowers

     

    In the young people’s category, the Attenborough awards were presented to Hattie Weller (aged 18) for The Brutality of Life – a collection of clay pieces; Mahi Ghait (aged 15) for Meadow (acrylic painted paper on canvas); Lewis Holmes (aged 9), for Look Closer (acrylic paint on canvas, which comes with its own magnifying glass).

    Other winners in the young people’s category were:

    Arch Creative award: Tom Hudson for Waiting

    Art House award: Toby Cross for Phonebox

    Curve award: Elina Roman for Plastic Island

    De Montfort Hall award: Nada Rhimin for Dance Dance Dance

    Leicester Lo-Fi Photography award: Anfisa Denysenko for Architectural Composition

    Leicester Print Workshop award: Henry Dampney for Black and White

    Phoenix awards: Oriel Birks for A Little Owl Looks; Ayah Riyaazi for Self Portrait

    Soft Touch Arts award: Lina Rehab for Afternoon Repose

    Leicester Museums & Galleries Development Trust awards: Tom Hudson for Waiting (16-18 category); Oriel Birks for A Little Owl Looks (11-15 category); Vincent Parker for Arc de Triomphe (5-10 category).

    Open: The People’s Exhibition features works by more than 200 local artists and makers – from complete beginners to seasoned professionals.

    All the paintings, sculptures, textiles, prints and photographs on display have been created by artists aged 19 and over who live or study in Leicester, Leicestershire, Rutland, Derbyshire, Lincolnshire, Nottinghamshire or Northamptonshire.

    Work by young artists aged five to 18 is also on display, with a number of schools in the region also participating.

    The Open exhibition at Leicester Museum & Art Gallery runs until Friday 31 January 2025.

    Admission is free of charge.

    All the artworks on display are available to buy, with prices starting at £50, and purchased pieces can be collected from the museum from Saturday 1 February.

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Rosneft has determined the final winner of the “Million from the Family Team” campaign

    Translation. Region: Russian Federation –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    The Rosneft petrol station network summed up the results of the twelfth drawing of the “Million from the Family Team” campaign, within the framework of which participants in the Company’s loyalty program had the opportunity to win 1 million rubles every month.

    “Family Team” is a cumulative bonus program of Rosneft. Its participants can accumulate points by refueling at the Company’s gas stations, as well as at partners. Accumulated points can be used to pay for fuel, goods in stores and cafes in the retail network. You can join the loyalty program by downloading the Rosneft Gas Station application and registering for a virtual loyalty card.

    The “Million from the Family Team” campaign started in January 2024. Any loyalty program client who filled up at least 80 liters of fuel in a month could take part in the drawing.

    In just one year, the Company raffled off 12 million rubles. The winners were clients of the Family Team loyalty program from different regions: Moscow, Moscow, Murmansk, Ryazan, Tula, Kostroma, Tomsk and Penza regions, the Republic of Karelia, Krasnodar and Krasnoyarsk territories.

    The winner of the final draw was an individual entrepreneur from Bryansk, Alexander Shpilchenko. He is engaged in cargo transportation on his light-duty truck and in November filled up with 570 liters of diesel fuel.

    Next year, new prize draws and special offers await customers of the Rosneft petrol station network. You can apply for a Family Team loyalty program card and follow news and promotions in the Rosneft petrol station mobile app. In addition, the app makes your car trip even more comfortable: you can use it to find the nearest petrol station on your route, find out the cost of the type of fuel you are interested in, and the number of points you have accumulated.

    Reference:

    The retail network of Rosneft Oil Company is the largest in the Russian Federation in terms of geographic coverage and number of stations, and the Rosneft petrol station brand is one of the leaders in terms of recognition and fuel quality in the country. The geography of Rosneft’s retail business covers 61 regions of Russia. The Company’s network of operating petrol stations includes about 3,000 stations. In addition to high-quality fuel, the Company offers its customers a wide range of goods and services – from shops and cafes to roadside service.

    Department of Information and Advertising of PJSC NK Rosneft December 23, 2024

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: Reprovisioned checkpoint opens

    Source: Hong Kong Information Services

    Chief Secretary Chan Kwok-ki addressed the opening ceremony of the reprovisioned Chung Ying Street Checkpoint in Sha Tau Kok today.

    A pilot scheme for facial recognition technology has been introduced at the new checkpoint, enabling people living or working at Chung Ying Street to access the area unimpeded through “contactless channels” without having to stop and produce their Closed Area Permit (CAP) or use their fingerprint to verify their identity.

    Addressing the opening ceremony, Mr Chan noted that to facilitate entry to and exit from Chung Ying Street, the Government has replaced the former checkpoint made up of marquees with a permanent structure, and for the first time introduced facial recognition technology, allowing people living and working on Chung Ying Street to be the first to use “contactless channels” for unimpeded access.

    He said the Government will continue to explore the application of relevant technology to complement the future opening of Chung Ying Street for tourism, adding that in the future, holders of valid CAPs for access to Chung Ying Street may, upon prior enrolment, pass through the checkpoint via “contactless channels”.

    The Chief Secretary highlighted that in adopting the pilot scheme, the Government hopes to replace the current mode of manual inspections through applying innovative technology to assist users of the checkpoint, enhance its capacity and highlight Hong Kong’s high-quality digital technology as an international metropolis.

    Mr Chan also thanked the various government departments and organisations for their joint efforts in the successful completion of the reprovision project, providing better facilities for Chung Ying Street, an area rich in unique historical and cultural value.

    The checkpoint’s design has integrated historical and modern elements, showcasing the characteristics of Hong Kong’s traditional train stations.

    Its exterior wall is decorated with copper plate engravings featuring a historical train, preserving the history of the branch line. Multiple energy-saving designs have also been incorporated in the checkpoint.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Boralex adds another 97 MW in its expanding UK portfolio

    Source: GlobeNewswire (MIL-OSI)

    EDINBURGH, United Kingdom, Dec. 23, 2024 (GLOBE NEWSWIRE) — Boralex Inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to announce that it has entered into a joint venture for the development, construction and operation of the proposed 145MW Clashindarroch Wind Farm Extension and adjacent 50MW Battery Energy Storage System (BESS), for a total capacity of 195MW. The project is located near Dufftown in Moray, Scotland. Boralex has been developing this project for a number of years on behalf of Clashindarroch Wind Farm Extension Ltd.

    Esbjorn Wilmar, Country Director of Boralex in the United Kingdom said: “We are delighted to have become co-owners of this exciting project. We already have extensive experience in the area through the initial development of the 177MW Dorenell Wind Farm. We now look forward to taking Clashindarroch Wind Farm Extension through the remaining stages of development.”

    Nicolas Wolff, Executive Vice President and General Manager of Boralex in Europe said: “This latest achievement by our UK team will enable us to accelerate the deployment of our Strategic Plan. Through this joint venture, we are adding to our already solid portfolio, supported by our organic developments and the recent acquisition of the 50MW Sallachy wind project.”

    Today’s announcement comes at a pivotal moment in the UK. Earlier in the month, the UK government unveiled its Clean Power Action Plan, setting out how it wants to achieve its grid decarbonisation targets by 2030. This plan, seen as a landmark for the clean energy sector, aims to unlock £40 billion annually from the private sector for investments in infrastructure and renewable energy. It also states that onshore wind capacity should be almost doubled to meet the decarbonisation target, from 14GW installed today to 27GW by 2030.

    The Company submitted a Section 36 application to the Scottish Government. The application is currently under consideration by the Government’s Energy Consents Unit (ECU). The Clashindarroch Wind Farm Extension application consists of up to 22 wind turbines each with an installed capacity of up to 6.6MW, as well as a battery storage facility of up to 50MW.

    On this transaction, CMS acted as Boralex’s legal advisers.

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has more than doubled to over 3.1 GW. We are developing a portfolio of more than 7.2 GW in wind, solar projects and storage projects, guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

    For more information, visit boralex.com or sedarplus.com. Follow us on Facebook, LinkedIn and Instagram.

    For more information

    MEDIA  INVESTOR RELATIONS 
    Camille Laventure 
    Senior Advisor, Public Affairs and External Communications
    Boralex Inc. 

    438-883-8580 
    camille.laventure@boralex.com  

    		 Stéphane Milot 
    Vice President, Investor Relations 

    Boralex Inc. 

    514-213-1045 
    stephane.milot@boralex.com  

    Source: Boralex Inc.        

    The MIL Network –

  • MIL-OSI: Revolutionize Your Crypto Trades: BexBack Offers Double Deposit Bonus and 100x Leverage Crypto Trading No KYC

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, Dec. 23, 2024 (GLOBE NEWSWIRE) — As Bitcoin’s price recently surged past the $100,000 milestone only to dip below this critical level, market volatility has reached new highs. Analysts predict that Bitcoin may be entering a prolonged phase of high volatility. In such a dynamic environment, holding spot positions alone may no longer yield consistent short-term profits. To empower traders in seizing these market opportunities, BexBack Exchange has launched a suite of enticing offers:

    • 100% Deposit Bonus
    • $50 Welcome Bonus for New Users
    • Up to 100x Leverage for Cryptocurrency Trading

    These offers create unmatched profit potential for crypto investors while providing an edge in navigating volatile markets.

    What Is 100x Leverage and How Does It Work?

    100x leverage allows traders to amplify their positions with minimal capital. For instance:

    • If Bitcoin is priced at $90,000 and a trader opens a long contract with 1 BTC, using 100x leverage equates to a transaction value of 100 BTC.
    • If the price increases to $99,000 the next day, the profit will be calculated as:
      (99,000 – 90,000) * 100 BTC / 90,000 = 10 BTC, resulting in a remarkable 1000% yield.

    When combined with BexBack’s 100% deposit bonus, the potential profit can double, offering even higher returns.

    Note: While leveraged trading magnifies profits, it also increases liquidation risks.

    How Does the 100% Deposit Bonus Work?

    BexBack’s deposit bonus is designed to enhance traders’ potential. While the bonus cannot be withdrawn directly, it can be used to open larger positions or as extra margin during significant market fluctuations, effectively reducing the risk of liquidation.

    About BexBack

    BexBack is a leading cryptocurrency derivatives platform offering 100x leverage on BTC, ETH, ADA, SOL, and XRP futures contracts. Headquartered in Hong Kong with offices in Singapore, Japan, the United States, the United Kingdom, and Argentina, BexBack holds a US MSB (Money Services Business) license and is trusted by over 100,000 traders worldwide, including users from the United States, Canada, Europe and beyond.

    Key features include:

    • No KYC Requirement: Trade instantly without cumbersome identity verification.
    • 100% Deposit Bonus: Double your funds and amplify your profits.
    • High-Leverage Trading: Maximize capital efficiency with up to 100x leverage.
    • Demo Account: Practice risk-free trading with 10 BTC in virtual funds.
    • Comprehensive Trading Options: Enjoy feature-rich trading on both Web and mobile platforms.
    • Convenient Operations: Experience no slippage, no spread, and fast, accurate trade execution.
    • 24/7 Global Support: Benefit from around-the-clock customer service.
    • Lucrative Affiliate Rewards: Earn up to 50% commission as a promoter.

    Take Action Now—Don’t Miss This Opportunity!

    If you missed the previous crypto bull run, now is your chance to capitalize on the market’s momentum. With BexBack’s 100x leverage, 100% deposit bonus, and $50 bonus for new users (available upon completing one trade within a week of registration), traders can position themselves for success in the next bull run.

    Sign up on www.bexback.com today, claim your exclusive bonus, and start accumulating more BTC!

    Media Contact
    Business Team
    Email: business@bexback.com
    Website: www.bexback.com

    Contact:
    Amanda
    business@bexback.com

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7ff2bd9f-7765-448d-b96a-401885758143

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3e87d43e-f245-47bb-a008-1b08b56e0a6b

    https://www.globenewswire.com/NewsRoom/AttachmentNg/12135f1b-04cc-403c-a06a-57694a16c7fb

    https://www.globenewswire.com/NewsRoom/AttachmentNg/84e6fc2d-66a7-4f13-9b88-b95baf95b6ad

    The MIL Network –

  • MIL-OSI Economics: Quality remains top priority for parents in purchasing baby care products in APAC, says GlobalData

    Source: GlobalData

    Quality remains top priority for parents in purchasing baby care products in APAC, says GlobalData

    Posted in Consumer

    Growth in the Asia-Pacific (APAC) region is projected to slow over the next few years, impacted by an ageing population, trade tensions, and greater policy uncertainty. However, parents’ focus on the quality of ingredients used in baby care and childcare products remains high despite concerns over their financial situation.  Aligning with this,  37% of respondents stated that high quality products/ingredients mean good value for money to them when purchasing baby care and child care products*, says GlobalData, a leading data and analytics company.

    Mohammed Masiuddin Shajie, Lead Consumer Analyst at GlobalData, comments: “Consumers in the APAC region remain concerned about their financial situation. In a GlobalData consumer survey*, 55% of respondents in APAC stated that they are either extremely or quite concerned about their personal financial situation. Moreover, in the same survey, 44% of the respondents said that they are switching to cheaper brand alternatives, and 35% stated that they are switching to cheaper stores/cheaper outlets to cope with rising prices in general.”

    Deepak Nautiyal, Consumer and Retail Commercial Director, APAC and ME, notes: “Although APAC has remained a key driver of the global economy, growth in the region is forecast to dip marginally in the medium term, according to the World Economic Forum’s latest Executive Opinion Survey. A slowing economy and the impact of inflationary pressures will influence the growth across major economies in the region. Although consumers are cutting down on their household expenses, parents remain concerned about the quality of ingredients used in their baby care products.”

    Shajie concludes: “Quality of product tops the priority list for parents while purchasing baby care products. However, products that are competitively priced will attract more consumers. This is substantiated by a GlobalData survey*, in which 19% of the respondents stated that they are switching to cheaper brands to save money, while purchasing baby care and childcare products. In the same survey, 14% said that they are switching to cheaper alternatives within the same brand. This is creating opportunities for affordable baby care products with high-quality ingredients. Brands meeting these expectations will earn the trust and loyalty of parents.”

    *GlobalData 2024 Q3 Consumer Survey – Asia & Australasia, with 6,471 respondents

    MIL OSI Economics –

  • MIL-OSI Economics: Domino’s ad strategy focuses on indulgence, customization, and convenience to enhance customer experience, reveals GlobalData

    Source: GlobalData

    Domino’s ad strategy focuses on indulgence, customization, and convenience to enhance customer experience, reveals GlobalData

    Posted in Business Fundamentals

    The advertising strategy for Domino’s Pizza Inc (Domino’s) from 1st September to 30th November 2024 effectively captured audience attention by emphasizing indulgent food experiences, customizable options, and cost-effective deals according to the Global Ads Platform of GlobalData, a leading data and analytics company.

    The brand leverages its expertise in comfort food, creative promotions, and relatable messaging to resonate with its diverse customer base, reinforcing its leadership in the quick-service restaurant industry.

    Sagar Kishor, Ads Analyst at GlobalData, comments: “Domino’s campaigns emphasized innovation and accessibility, effectively catering to the evolving needs of customers. The brand’s creative initiatives, such as the introduction of the 5-Cheese Mac & Cheese and the ‘Emergency Pizza’ offer, seamlessly combined indulgence with convenience. With a consistent focus on variety, customization, and enticing offers, Domino’s targets to meet diverse customer expectations and enhance the overall dining experience.”

    Below are the key focus areas of Domino’s advertisements, revealed by GlobalData’s Global Ads Platform:

    Indulgent Food Experiences: Domino’s campaigns highlighted indulgent food experiences, showcasing the creamy, cheesy textures of its new 5-Cheese Mac & Cheese. By emphasizing oven-baked quality, rich flavors, and customizable toppings, the creative approach consistently conveyed the joy and satisfaction of indulging in hearty, cheesy meals for food enthusiasts.

    Expanding Menu Offerings: The campaigns successfully introduces the 5-Cheese Mac & Cheese as a new addition to the Domino’s menu, demonstrating the brand’s commitment to offering diverse and satisfying meal options beyond pizza. This is achieved by showing the mac and cheese alongside other Domino’s items.

    Variety and Customization: Domino’s focused on highlighting the flexibility of its menu. With options like the customizable 5-Cheese Mac & Cheese featuring toppings such as bacon or jalapeños, and the “Mix & Match” pizza deal, the brand encouraged customers to explore their unique flavor preferences. This strategy aligned with consumers’ desires for personalized dining experiences.

    Convenience and Accessibility: The convenience of Domino’s delivery and online ordering was a consistent theme. The campaigns positioned Domino’s as the go-to solution for quick and reliable meals, whether for planned dinners or unexpected emergencies. The seamless ordering process and variety of options catered to busy individuals and families.

    Creative Promotions and Value: Domino’s effectively utilized promotions to create urgency and incentivize purchases. The “Emergency Pizza” campaign provided a free pizza for future use, addressing unexpected dining needs. Additionally, the half-off offer for Rewards members added perceived value, appealing to budget-conscious consumers and reinforcing loyalty.

    MIL OSI Economics –

  • MIL-OSI Economics: AD 12-month diagnosed prevalent cases to reach 42.42 million in 7MM by 2033, forecasts GlobalData

    Source: GlobalData

    AD 12-month diagnosed prevalent cases to reach 42.42 million in 7MM by 2033, forecasts GlobalData

    Posted in Pharma

    The burden of 12-month diagnosed prevalent cases of atopic dermatitis (AD) is forecast to increase at an annual growth rate (AGR) of 0.10% from around 42.02 million cases in 2023 to 42.42 million cases in 2033 in the seven major markets (7MM*), according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Atopic Dermatitis (AD): Epidemiology Forecast to 2033”, reveals AD cases are rising because of the increasing prevalence of environmental and lifestyle risk factors and the increase in incidence of AD in adulthood.

    Yixuan Zhang, MSc, Epidemiologist at GlobalData, comments: “The pathogenesis of AD is unclear and most likely stems from the interaction of a combination of genetic susceptibility, environmental and lifestyle risk factors, and dysfunctional cell-mediated immunity.”

    According to GlobalData epidemiologists, there were around 44% of mild 12-month diagnosed prevalent cases of AD, 42% moderate cases of AD, and 14% severe cases of AD in 2023 in the 7MM.

    AD is a complex disease presenting with a range of clinical manifestations and symptoms, depending on the patient demographic and disease severity. In severe cases, AD is associated with sleep disturbances due to the pruritic rashes that appear on the skin during a flare-up, depression and anxiety, and loss of productivity, contributing to the economic and disease burden globally.

    Zhang concludes: “The highest prevalence is seen in childhood, followed by the middle-aged and older population. A positive correlation has been found between a country’s gross domestic product (GDP) and disease burden. However, new epidemiological patterns are slowly emerging, such as AD prevalence increasing in low-income countries and new AD-onset in adults becoming increasingly more common, particularly in the West.”

    *7MM: The US, France, Germany, Italy, Spain, the UK, and Japan.

    MIL OSI Economics –

  • MIL-OSI Economics: 2024 World Series to generate estimated $814.80 million in sponsorship revenue, reveals GlobalData

    Source: GlobalData

    2024 World Series to generate estimated $814.80 million in sponsorship revenue, reveals GlobalData

    Posted in Sport

    With 47 brands sponsoring the 2024 World Series, the competition’s largest sponsorship deal in terms of annual value is joint between both Nike and SeatGeek, both worth a reported $100 million each. SeatGeek has agreed a five-year deal to become the official secondary ticket marketplace of MLB, as of the 2023 season. Nike has agreed a 10-year deal, which came into effect in 2020 and sees the brand serve as MLB’s kit supplier. Overall, the competition is estimated to generate $814.80 million in sponsorship revenue for the 2024 season, reveals GlobalData, a leading data and analytics company.

    GlobalData’ s latest report, “Post Event Analysis – World Series 2024”,  reveals that the event generated a reported $714.29 million from domestic media revenue. Fox has agreed the rights in the US to broadcast the World Series. The 2024 World Series winners, Los Dodgers, are expected to receive around $35 million in prize money.

    Olivia Snooks, Sport Analyst at GlobalData, comments: “It is worth noting that the World Series portfolio reflects the brands, which have agreed to sponsor the Major League Baseball (MLB) 2024 season, including the World Series. Aside from the largest sponsorship deals in terms of annual value, Fanatics has agreed the longest deal in terms of contract length, with the partnership set to run for 17-years.”

    In terms of viewership for this year’s World Series, the competition drew more than 30 million combined average viewers across North America and Asia. As reported by Fox, World Series viewership in the US averaged 15.8 million across its platforms, a 67% increase compared to the 2023 edition and the most watched series since the seven-game 2017 World Series. The World Series delivered for Fox the most-watched single-network telecast across all of television on each of the five nights games were played.

    Snooks continues: “The primary reason for such high viewership was that the two teams playing, the LA Dodgers and the New York Yankees, play in the two largest television markets accounting for over 10% of the US population.”

    The 2024 World Series saw a total attendance of 253,104 over five games, making the average attendance per game 50,621. This is the highest average attendance of the World Series since 2003. In terms of ticket prices, according to reports, these were among the most expensive in MLB history. Leading up to Game one in LA, the average price for a World Series ticket in the secondary market was $3,887, according to ticket reseller TicketHQ.

    Snooks concludes: “According to ESPN, the Dodgers and the Yankees have the top two highest averages in terms of attendance across the 2024 MLB season. The high attendance numbers at this year’s World Series reflects both team’s huge fanbases.”

    MIL OSI Economics –