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Category: KB

  • MIL-OSI USA: Readout of Secretary of Defense Lloyd J. Austin III’s Call With NATO Secretary General Mark Rutte

    Source: United States Department of Defense

    Deputy Pentagon Press Secretary Sabrina Singh provided the following readout:

    Secretary of Defense Lloyd J. Austin III spoke on October 8th with new NATO Secretary General Mark Rutte to underscore the enduring U.S. commitment to the NATO Alliance.

    The Secretary welcomed Secretary General Rutte to his new position and both look forward to a positive and productive relationship.

    Secretary Austin discussed U.S. priorities for NATO and the upcoming NATO Defense Ministerial. These include implementing the agreements that leaders have made at recent NATO Summits, continuing to strengthen the Alliance’s deterrence and defense efforts, maintaining robust support for Ukraine, and boosting the transatlantic defense industrial base.

    MIL OSI USA News –

  • MIL-OSI USA: NASA Highlights Low Earth Orbit, Sustainability at Space Conference

    Source: NASA

    NASA Administrator Bill Nelson and Deputy Administrator Pam Melroy will lead the agency’s delegation at the International Astronautical Congress (IAC) from Monday, Oct. 14, to Thursday, Oct. 17, in Milan.
    During the congress, NASA will discuss its Low Earth Orbit Microgravity Strategy, emphasizing the agency’s efforts to advance microgravity science, technology, and exploration. The agency also will highlight its commitment to space sustainability and several missions, including initiatives that support NASA’s Moon to Mars exploration approach and the Artemis Accords.
    NASA will amplify the following talks happening at the congress through its YouTube Channel:

    Monday, Oct. 14

    7:45 a.m. EDT (1:45 p.m. CEST): One-to-One with Heads of Agencies featuring Nelson.

    12:15 p.m. EDT (6:15 p.m. CEST): Host Plenary on Responsible and Sustainable Space Exploration for Moon to Mars featuring Melroy.

    Wednesday, Oct. 16

    9 a.m. EDT (3 p.m. CEST): A New Era in Human Presence featuring Melroy.

    A full agenda for this year’s IAC is available online.
    Members of the media registered for IAC will have three opportunities to meet with NASA leaders. To register, media must apply through the International Astronautical Federation website. Opportunities include:

    Monday, Oct. 14

    5:30 p.m. CEST (11:30 a.m. EDT): NASA Deputy Administrator Pam Melroy, Lisa Campbell, president, CSA (Canadian Space Agency), and Teodoro Valente, president, Italian Space Agency, to discuss the 3rd Annual Heads of Agency meeting of the Artemis Accords Signatories.

    Tuesday, Oct. 15

    5 p.m. CEST (11 a.m. EDT): NASA Administrator Bill Nelson to discuss the agency’s international partnerships in the Artemis era.

    Wednesday, Oct. 16

    5 p.m. CEST (11 a.m. EDT): NASA Deputy Administrator Pam Melroy and Robyn Gatens, director of the International Space Station and acting director of Commercial Spaceflight to discuss NASA’s Low Earth Orbit Microgravity Strategy

    In addition to the events outlined above, NASA will have an exhibit featuring the first sample of the asteroid Bennu to appear publicly in a non-museum setting, as well as information on the Artemis campaign, NASA’s future in low Earth orbit, and several upcoming science and technology missions. NASA also will host subject matter expert talks throughout the week at its exhibit.
    NASA will provide photos and updates about its participation in the International Astronautical Congress from its @NASAExhibit account on X.
    For more information about NASA participation at IAC, visit:
    https://www.nasa.gov/nasa-at-iac
    -end-
    Amber JacobsonHeadquarters, Washington240-298-1832amber.c.jacobson@nasa.gov

    MIL OSI USA News –

  • MIL-OSI USA: Under Secretary of Defense for Acquisition and Sustainment Chairs Inaugural Plenary Meeting of Partnership for Indo-Pacific Industrial Resilience

    Source: United States Department of Defense

    On October 7-8, 2024, Under Secretary of Defense for Acquisition and Sustainment William LaPlante chaired the inaugural plenary meeting of the Partnership for Indo-Pacific Industrial Resilience (PIPIR) in Honolulu, HI. National Armament Directors, and similarly positioned senior leaders, joined him from all PIPIR member nations in both the Indo-Pacific and Euro-Atlantic regions. The engagement was hosted by the Daniel K. Inouye Asia-Pacific Center for Security Studies and the United States Indo-Pacific Command (INDOPACOM).

    PIPIR is a multi-lateral forum of allies and partners aimed at strengthening defense industrial resilience to promote continued regional security, economic security, and prosperity in the Indo-Pacific region. It serves as a platform to accelerate defense industrial base (DIB) cooperation by reducing barriers to production, creating new sustainment hubs, and addressing supply chain constraints.

    “From day one, Secretary Austin has driven success through teamwork,” Dr. LaPlante said. “Today’s security environment demands closer collaboration with our allies and partners. PIPIR will help strengthen our collective ability to produce and sustain warfighting capability in the Indo-Pacific, and the National Armaments Directors are uniquely positioned to drive action in these areas.”

    During this inaugural plenary meeting, participants adopted a Core Vision Statement, which establishes strategic principles to guide collaboration on defense industrial resilience. The agreement of a Core Vision Statement builds upon the Statement of Principles for Indo-Pacific Defense Industrial Base Collaboration endorsed by 13 nations, including by U.S. Secretary of Defense Lloyd Austin at the Shangri-La Dialogue held in May 2024.

    Members also announced the creation of workstreams, each tasked with identifying key projects appointed leadership for each, and discussed plans to operationalize project activities. The four workstreams are Sustainment, Production, Supply Chain Resilience, and Policy and Optimization. Participants underscored the need to deliver material solutions that enhance shared defense industrial resilience. They also emphasized the importance of forging closer partnerships with industry and committed to creating a standing industrial advisory board with whom to consult. PIPIR will include other advisors as necessary to address the complexity and challenges of the DIB.

    The day prior to the plenary session, INDOPACOM hosted the PIPIR delegation at Camp Smith to provide the command’s regional perspective and discuss the implications and role of multi-lateral industrial partnerships for their mission.

    The establishment of PIPIR directly supports DoD’s implementation of the National Defense Industrial Strategy and Regional Sustainment Framework, which emphasize the importance of strengthening international defense production and sustainment relationships.

    MIL OSI USA News –

  • MIL-OSI USA: FEMA Extends Renewal Period for Flood Insurance Policyholders in Seven States Affected by Helene

    Source: US Federal Emergency Management Agency

    Headline: FEMA Extends Renewal Period for Flood Insurance Policyholders in Seven States Affected by Helene

    FEMA Extends Renewal Period for Flood Insurance Policyholders in Seven States Affected by Helene

    Flood insurance policyholders can receive advance payments to receive up to $20,000 for their recovery 

    WASHINGTON – FEMA’s National Flood Insurance Program is taking immediate actions to help policyholders throughout the seven states recently affected by Helene. 

    While renewal dates have passed for some National Flood Insurance Program policyholders in states affected by Helene may be able to take steps that will renew their policy and receive immediate help. 

    Policyholders who received flood damage from Helene should be sure to ask their insurance agent or company about advance claims payments to help start their recovery. Advance payments may be available of up to $20,000 prior to a visit from an adjuster.

    Certain policyholders in seven states impacted by Helene now have a limited opportunity to renew their policies without a consequence of a lapse in coverage. Policyholders in Florida, Georgia, Kentucky, North Carolina, South Carolina, Tennessee and Virginia who had flood damage now have until Nov. 26, 2024, to renew their policies, an increase from the standard 30-day renewal grace period.

    “I am deeply committed to helping our policyholders prioritize financial resources to help speed their recovery efforts in the wake of Hurricane Helene’s destruction,” said Jeff Jackson, the interim Senior Executive of the program. “By extending the grace period for renewing policies, we are giving our policyholders some breathing room and demonstrating that the National Flood Insurance Program stands with them at time of tremendous heartache and difficulty.”

    The extension applies to policies with policy expiration dates beginning Aug. 28, 2024, as follows: 

    If the policy term ended on: The grace period would have ended: But now runs until:
    Aug. 28, 2024 Sept. 26, 2024 Nov. 26, 2024
    Sept. 26, 2024 Oct. 25, 2024 Nov. 26, 2024
    Oct. 15, 2024 Nov. 13, 2024 Nov. 26, 2024
    Nov. 1, 2024 Nov. 30, 2024 Nov. 30, 2024
    Nov. 15, 2024 Dec. 14, 2024 Dec. 14, 2024

    Policyholders whose policy renewal date is within this range should contact their agent or insurance company.

    For example, if the original policy expiration date was Aug. 28, 2024, the policy may be renewed on or before Nov. 26, 2024. Holders of active policies can file claims for damage received from Helene if premium is paid. 

    Other Actions to Help Policyholders

    The program has extended the proof of loss requirement for policyholders who suffered flood damage from Hurricane Helene from the standard 60 days to 120 days from the date of loss.

    FEMA also authorized its Write Your Own insurance company partners and the direct to pay claims based on the adjuster’s report without requiring policyholders to sign a proof of loss. When a policyholder seeks additional payment for any reason or disagrees with the adjuster report, they may still submit a signed proof of loss to the insurer along with supporting documentation, such as a contractor’s estimate, bills, receipts, photographs and other related documents. 

    Anyone affected by Helene who has a National Flood Insurance Program flood insurance policy and has suffered flood damage should begin filing their claim now. Evacuated policyholders can still start their claim and provide specifics later once local officials say it’s safe to return home.

    Policyholders who wish to take advantage of the grace period should contact their agent or insurance company. Those who don’t have their insurance agent or company’s contact information should call 877-336-2627 for assistance.

    To learn more about how to file a flood insurance claim visit floodsmart.gov.

    amy.ashbridge

    MIL OSI USA News –

  • MIL-OSI USA: First Greenhouse Gas Plumes Detected With NASA-Designed Instrument

    Source: NASA

    The imaging spectrometer aboard the Carbon Mapper Coalition’s Tanager-1 satellite identified methane and carbon dioxide plumes in the United States and internationally.
    Using data from an instrument designed by NASA’s Jet Propulsion Laboratory in Southern California, the nonprofit Carbon Mapper has released the first methane and carbon dioxide detections from the Tanager-1 satellite. The detections highlight methane plumes in Pakistan and Texas, as well as a carbon dioxide plume in South Africa.
    The data contributes to Carbon Mapper’s goal to identify and measure greenhouse gas point-source emissions on a global scale and make that information accessible and actionable. 
    Enabled by Carbon Mapper and built by Planet Labs PBC, Tanager-1 launched from Vandenberg Space Force Base in California on Aug. 16 and has been collecting data to verify that its imaging spectrometer, which is based on technology developed at NASA JPL, is functioning properly. Both Planet Labs PBC and JPL are members of the philanthropically funded Carbon Mapper Coalition.
    “The first greenhouse gas images from Tanager-1 are exciting and are a compelling sign of things to come,” said James Graf, director for Earth Science and Technology at JPL. “The satellite plays a crucial role in detecting and measuring methane and carbon dioxide emissions. The mission is a giant step forward in addressing greenhouse gas emissions.”
    The data used to produce the Pakistan image was collected over the city of Karachi on Sept. 19 and shows a roughly 2.5-mile-long (4-kilometer-long) methane plume emanating from a landfill. Carbon Mapper’s preliminary estimate of the source emissions rate is more than 2,600 pounds (1,200 kilograms) of methane released per hour.
    The image collected that same day over Kendal, South Africa, displays a nearly 2-mile-long (3-kilometer-long) carbon dioxide plume coming from a coal-fired power plant. Carbon Mapper’s preliminary estimate of the source emissions rate is roughly 1.3 million pounds (600,000 kilograms) of carbon dioxide per hour.
    The Texas image, collected on Sept. 24, reveals a methane plume to the south of the city of Midland, in the Permian Basin, one of the largest oilfields in the world. Carbon Mapper’s preliminary estimate of the source emissions rate is nearly 900 pounds (400 kilograms) of methane per hour.
    In the 1980s, JPL helped pioneer the development of imaging spectrometers with AVIRIS (Airborne Visible/Infrared Imaging Spectrometer), and in 2022, NASA installed the imaging spectrometer EMIT (Earth Surface Mineral Dust Source Investigation), developed at JPL, aboard the International Space Station.
    A descendant of those instruments, the imaging spectrometer aboard Tanager-1 can measure hundreds of wavelengths of light reflected from Earth’s surface. Each chemical compound on the ground and in the atmosphere reflects and absorbs different combinations of wavelengths, which give it a “spectral fingerprint” that researchers can identify. Using this approach, Tanager-1 will help researchers detect and measure emissions down to the facility level.
    Once in full operation, the spacecraft will scan about 116,000 square miles (300,000 square kilometers) of Earth’s surface per day. Methane and carbon dioxide measurements collected by Tanager-1 will be publicly available on the Carbon Mapper data portal.
    More About Carbon Mapper
    Carbon Mapper is a nonprofit organization focused on facilitating timely action to mitigate greenhouse gas emissions. Its mission is to fill gaps in the emerging global ecosystem of methane and carbon dioxide monitoring systems by delivering data at facility scale that is precise, timely, and accessible to empower science-based decision making and action. The organization is leading the development of the Carbon Mapper constellation of satellites supported by a public-private partnership composed of Planet Labs PBC, JPL, the California Air Resources Board, Arizona State University, and RMI, with funding from High Tide Foundation, Bloomberg Philanthropies, Grantham Foundation for the Protection of the Environment, and other philanthropic donors.
    News Media Contacts
    Andrew Wang / Jane J. LeeJet Propulsion Laboratory, Pasadena, Calif.626-379-6874 / 818-354-0307andrew.wang@jpl.nasa.gov / jane.j.lee@jpl.nasa.gov
    2024-136

    MIL OSI USA News –

  • MIL-OSI USA: Disaster Recovery Center in Tazewell, Va. will Open on Oct. 11

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Center in Tazewell, Va. will Open on Oct. 11

    Disaster Recovery Center in Tazewell, Va. will Open on Oct. 11

    BRISTOL, Va.– A Disaster Recovery Center (DRC) will be opening in Tazewell County at the County Administration Building at 197 Main Street in Tazewell, Va. Friday, Oct. 11, at 8 a.m. 

    The center is located at:

    Tazewell County  

    County Administration Building 

    197 Main Street 

    Tazewell, VA 24651

    Hours of operation:

    Monday – Saturday, 8 a.m. to 6 p.m.

    Closed Sundays

    Disaster survivors can visit any DRC to receive assistance. Additional DRCs will be opening in the coming weeks throughout southwest Virginia.

    Survivors do not have to visit a DRC to register with FEMA. You can call 800-621-FEMA (3362). The toll-free telephone line operates seven days a week. If you use a relay service, such as video relay service (VRS), captioned telephone service or others, give FEMA the number for that service. You can also register online at DisasterAssistance.gov or through the FEMA App on your phone.

    The deadline to apply for FEMA disaster assistance is Dec. 2, 2024.

    If you have received a letter from FEMA about your application status, visit a DRC to learn more about next steps. DRC staff can help you submit additional information or supporting documentation for FEMA to continue to process your application and answer any questions you may have.

    FEMA staff member at a Disaster Recovery Center in Damascus, Va. assists a survivor on Oct. 7, 2024 (FEMA photo by Nicholas Monteleone)

    FEMA has set up a rumor response webpage to clarify our role in the Helene response. Visit Hurricane Helene: Rumor Response.

    For more information on Virginia’s disaster recovery, visit vaemergency.gov, the Virginia Department of Emergency Management Facebook page , fema.gov/disaster/4831 and facebook.com/FEMA.  

    ###

    FEMA’s mission is helping people before, during and after disasters. FEMA Region 3’s jurisdiction includes Delaware, the District of Columbia, Maryland, Pennsylvania, Virginia and West Virginia. Follow us on X at x.com/FEMAregion3 and on LinkedIn at linkedin.com/company/femaregion3. 

    To apply for FEMA assistance, please call the FEMA Helpline at 1-800-621-3362, visit https://www.disasterassistance.gov/, or download and apply on the FEMA App. If you use a relay service, such as video relay service (VRS), captioned telephone service or others, give FEMA the number for that service. Multilingual operators are available (press 2 for Spanish and 3 for other languages). Disaster recovery assistance is available without regard to race, color, religion, nationality, sex, age, disability, English proficiency, or economic status.

    connor.dacey

    MIL OSI USA News –

  • MIL-OSI USA: Ring Around the Mountain

    Source: NASA

    On June 10, 2023, the Operational Land Imager on Landsat 8 acquired this image of Mount Taranaki, a snow-capped mountain in New Zealand that is ringed by a dark green forest. Two older and extinct volcanoes, Kaitake and Pouakai, lie to the northwest of its peak.
    Learn more about Mount Taranaki.
    Image Credit: NASA/Wanmei Liang, USGS

    MIL OSI USA News –

  • MIL-OSI USA: Biofuels and Batteries Gain From the System Dynamics Behind the Research

    Source: US National Renewable Energy Laboratory

    How Modeling Feedback Loops Informs Analysis and Decisions Across Decarbonization Technologies 

    NREL researchers Swaroop Atnoorkar (right), Shubhankar Upasani (center), and Guilherme Castelao look at data analysis. Photo by Agata Bogucka, NREL

    “When you look at renewable energy, not everything is linear,” said Swaroop Atnoorkar, an analyst at the U.S. Department of Energy’s (DOE’s) National Renewable Energy Laboratory (NREL). “Technologies often operate in complex systems with many moving parts in the background.”

    Atnoorkar relies on understanding the intricacies of clean energy systems in her research on biofuel economics and supply chains. Research like hers is a vital step in understanding how each decision made with any given technology could impact its evolution.

    But how do researchers examine the relationships between various factors within a given system, how they could change, and how those changes ultimately lead to different behaviors in the system over longer periods of time? And what exactly does this type of research inform?

    The answers to those questions may lie within a sophisticated modeling method known as system dynamics.

    Brief History of System Dynamics

    Since its creation in the 1950s by Jay W. Forrester, a professor at Massachusetts Institute of Technology, system dynamics has become a tried-and-true method for understanding the behaviors of complex systems in terms of stocks, flows, and the feedback loops that connect them.

    A simplified and generic example of a system dynamics model illustrates the complex interactions that could occur within a biofuel supply and production chain, featuring a feedstock, conversion pathway, and biofuel supply module. Graphic by Liz Craig, NREL

    Think of this relationship like planting crops such as corn.  The growth of corn in the field—a flow—is controlled by feedback processes including watering and nutrient availability. When the stock of corn is harvested, other feedback loops control the decomposition of residues and the return of nutrients to the soil.

    At the time Forrester developed it, system dynamics research was applied to corporate managerial questions at General Electric’s plants. Studying corporate managerial problems remained its primary application through the 1960s, until researchers broadened its uses to examine other larger-scale societal questions. Initially, these simulations of stock-flow feedback structures were conducted with command-line programs, visualized with hand-drawn diagrams, and showed how internal management decisions impacted the dynamics of inventory and human resource systems. Now, its applications include examining everything from public health to renewable energy systems.

    “Many of the early users of system dynamics knew its potential was far greater than its original business management use,” said Bobby Jeffers, acting laboratory program manager in NREL’s Energy Systems Integration directorate. “We are always trying to answer the question: ‘What are the feedback loops that really take hold of the system and cause it to go on some trajectory?’ We’re trying to encourage virtuous cycles that build on themselves while finding dampening cycles that allow things to grow sustainably.”

    Jeffers specializes in system dynamics research. He and other researchers at NREL, like Atnoorkar, now use computer modeling to explore the complex relationships between various elements of system structures.

    NREL program manager Bobby Jeffers leads a session during a workshop put together by the Energy Security and Resilience Program Office. Photo by Joe DelNero, NREL

    Snapshot of System Dynamics at NREL

    Atnoorkar is among the newer members of the research team working to find new ways to approach biofuel development at NREL.

    For the last decade, much of the work being done to gain insights into the biofuel market has utilized NREL’s Bioenergy Scenario Model (BSM), which is funded by the U.S. Department of Energy’s (DOE’s) Bioenergy Technologies Office (BETO). The System Dynamics Society Award-winning model tracks biofuel deployment and the effects of various influences on the biofuel market, such as changes in consumer demand, government policies, and land availability for feedstock. It dynamically models these elements as part of the U.S. domestic biofuels supply chain.

    “Factors like oil prices, biofuel demand, and the costs of resources are always fluctuating—sometimes unpredictably—and changes in each one creates different outcomes, especially at the national scale,” Atnoorkar said.

    NREL and BETO have historically used BSM to develop deployment strategies for advanced biofuels. Currently, it helps researchers like Atnoorkar develop insights into U.S. biofuels market growth and examine potential barriers to broader expansion of biofuel technologies. Among those technologies are those that create sustainable aviation fuels.

    System dynamics research at NREL helps inform development and policies surrounding sustainable aviation fuel that is used at airports across the United States. Photo from Getty Images

    “Many airports nowadays have sustainability goals, and they want to determine if those goals are feasible,” Atnoorkar said. “While the BSM does analysis for potential biofuels supply at the national scale, the analysis we do at the regional scale can also help ports and airports make decisions about their biofuel sourcing.”

    To that end, the system dynamics research being done at NREL has ultimately helped inform policy strategies surrounding low-carbon fuel standards. A major part of that research is the Sustainable Aviation Fuel (SAF) Grand Challenge—a plan set forth by DOE, the U.S. Department of Agriculture, U.S. Department of Transportation, and other federal agencies that aims to spur the expansion of commercial SAF production technologies.

    Critically, the SAF Grand Challenge is targeting at least a 50% reduction in life-cycle greenhouse gas emissions and ramping up SAF supply to meet 100% of aviation fuel demand by 2050.

    “The BSM is now being used to investigate how we could reach those goals and what kinds of roadblocks may need to be overcome,” said Emily Newes, the NREL Strategic Energy Analysis Center’s Integrated Modeling and Economic Analysis Group manager.

    NREL Integrated Modeling and Economic Analysis Group Manager Emily Newes leads the teams studying supply chain and policy questions for aviation and maritime biofuels. Photo by Dennis Schroeder, NREL

    Newes works extensively with the system dynamics models informing potential biofuel deployment, specifically the SAF Grand Challenge and biofuels for maritime applications. These models are answering questions about how changes in everything from the resources needed to build refineries to the different types of potential feedstocks ultimately affect the policies and decisions being made.

    “It helps inform us about what barriers there could be so that we can help find solutions—either through policy or the industry—to overcome them,” Newes said.

    System dynamics models are also informing NREL’s research in battery energy storage. A key modeling framework used in this space is the Lithium-Ion Battery Resource Assessment, or LIBRA, model. LIBRA is vital in NREL’s work in understanding the supply chain of lithium-ion batteries, which have become a key component to a future with more electric vehicles (EVs) on the road.

    “When we’re talking about the needs for manufacturing in this country and globally, you can’t just look at one technology at a time,” NREL’s supply chain analytics lead Maggie Mann said. “When we talk about batteries, we’re looking at how much cobalt, nickel, and lithium are needed to manufacture them, as well as the demand for those same materials for other technologies.”

    NREL’s system dynamics modeling examines supply chains for raw materials like the lithium used in electric vehicle batteries. Photo from Getty Images

    Mann was on the team that pioneered and developed the LIBRA model. It gives users the means to examine the long-term effects of changes in the battery supply chain for multiple EV battery types, consumer electronics, and utility-scale storage systems.

    Through examining elements such as the costs, raw materials, and changing policies at both the domestic and international scales, LIBRA is providing invaluable insights into the U.S. battery recycling supply chain. Those insights then inform manufacturing and industry practices as well as policy decisions in the clean energy sector.

    Along with the LIBRA model, supply chain researchers at NREL, like Mann, are also developing the Recursive Integrated Networks for Growth (RING) model, which supports NREL’s Mapping, Modeling, and Analysis Consortium (MMAC). This model, designed specifically for DOE’s Manufacturing and Energy Supply Chains (MESC) office, calculates how each output can be cycled back into the supply chain itself. What does that mean?  

    “Say you want to look at how many batteries are manufactured, then go through their life, hit the end of their life, and you want to recycle them, so the raw materials and battery components go back into manufacturing,” Mann said. “System dynamics can allow for those types of recursive calculations and help us look out 10 to 12 years to see the total demand for manufactured batteries minus the raw materials that are recycled.”

    Both the RING and LIBRA models help researchers answer the critical question of “How much could recycling batteries affect the amount of new material we need to produce?” Each model helps inform the decisions behind battery production and policies through 2050 and quantify the impact that recycling can have on decreasing the United States’ dependence on foreign resources.

    NREL Decision Support Analysis Group Manager Maggie Mann presents about her research to a group at the Coordinating Research Council’s Sustainable Mobility Workshop. Photo by Werner Slocum, NREL

    How Is System Dynamics Evolving at NREL?

    Much of the research Atnoorkar, Jeffers, Mann, Newes, and others do in supply chains is centered around system dynamics. Because of their broad lenses, models like BSM, LIBRA, and RING are often used to develop strategies for new technology deployment.

    In the case of BSM, bioenergy’s large, comprehensive nature makes it tougher to focus on smaller-scale system dynamics. That is why the team is working to modify it for limited-case, regional scenarios, using a new BETO-funded model called the Regional Bio-Economy Model (RBEM).

    “The main structure is the same,” Atnoorkar said. “But with RBEM, we are able to focus on biorefinery investment decisions in specific regions, such as marine biofuel production in coastal areas or aviation biofuel production in the immediate area around a major airport.”

    RBEM will enable researchers to examine the logic behind the feedback loops in those smaller systems. The team aims to publicly release this model in the next year or two.

    And while Atnoorkar and Newes are helping with the development of RBEM, Jeffers says NREL could look to system dynamics as a unique lens to broaden the scope of NREL’s research into a low-carbon energy system future.

    “I think we lead the world in showing what a decarbonized energy system could look like,” Jeffers said. “But system dynamics can help us realize this future by giving us a means to think about all the complex elements of economic, social, and environmental systems that influence the pathway to affordable, resilient, and secure decarbonization.”

    Explore NREL’s bioenergy, energy analysis, and grid modernization research.

    MIL OSI USA News –

  • MIL-OSI USA: Final 2023 Annual Electric Sales and Revenue Data

    Source: US Energy Information Administration

    Form EIA-861, Annual Electric Power Industry Report, and Form EIA-861S (the shortform) collect data from distribution utilities and power marketers of electricity. This survey is a census of all United States electric utilities. The short form is intended for smaller bundled-service utilities and has less detailed responses. This survey collects more data than the monthly counterpart, Form EIA-861M. Data are the individual surveys responses and are included in the files described below.

    Our survey page contains the current survey form, instructions, respondent portal, and frequently asked questions. Data from these files can be found throughout our publications, usually in aggregated form in our Electric Power Annual (EPA) report; State Electricity Profiles (SEP); Electric Sales, Revenue, and Average Price (ESR) report; Electricity Data Browser; and in some Today in Energy articles.

    Please refer to our Guide to EIA Electric Power Data and send any questions to InfoElectric@eia.gov.

    In 2012, we created Form EIA-861S to reduce respondent burden and to increase our processing efficiency; that year, about 1,100 utilities initially reported on this form instead of Form EIA-861. In 2020, the number of utilities increased to about 1,700 utilities. We reformatted the files for the years 1990–2011, but we didn’t change or update any data files. We reformatted the files to make them easier to understand and to match the format and titles of the current files.

    • Frame
      • Surveys: Form EIA-861 and Form EIA-861S
      • Time frame: 2016 to present
      • Description: The data contain a complete list of all respondents from both forms and which files they have data in.
    • Advanced Metering
      • Surveys: Form EIA-861 and Form EIA-861S
      • Time frame: 2007 to present
      • Description: The data contain number of meters from automated meter readings (AMR) and advanced metering infrastructure (AMI) by state, sector, and balancing authority. The energy served (in megawatthours) for AMI systems is provided. Form EIA-861 respondents also report the number of standard meters (non AMR/AMI) in their system.
      • Historical Changes: We started collecting the number of standard meters in 2013. The monthly survey collected these data from January 2011 to January 2017.
    • Balancing Authority
      • Surveys: Form EIA-861 and Form EIA-861
      • Time frame: 2012 to present
      • Description: The data contain the list of balancing authorities and the states they operate in.
    • Delivery Companies
      • Survey: Form EIA-861
      • Time frame: 2020 to present
      • Description: The data contain revenue, sales, and customer count by sector from utilities that deliver energy in Texas.
    • Demand Response
      • Survey: Form EIA-861
      • Time frame: 2013 to present
      • Description: The data contain energy demand response programs by state, sector, and balancing authority. We collect data for the number of customers enrolled, energy savings, potential and actual peak savings, and associated costs.
    • Distribution Systems
      • Survey: Form EIA-861
      • Time frame: 2013 to present
      • Description: The data contain the number of distribution circuits and circuits with voltage optimization by state.
    • Dynamic Pricing
      • Survey: Form EIA-861
      • Time frame: 2013 to present
      • Description: The data contain the number of customers enrolled in dynamic pricing programs by state, sector, and balancing authority. Respondents check if one or more customers are enrolled in time-of-use pricing, real time pricing, variable peak pricing, critical peak pricing, and critical peak rebates.
    • Energy Efficiency
      • Survey: Form EIA-861
      • Time frame: 2013 to present
      • Description: The data contain incremental energy savings, peak demand savings, weighted average life cycle, and associated costs for the reporting year and life cycle of energy efficiency programs.
    • Mergers
      • Survey: Form EIA-861
      • Time frame: 2007 to present
      • Description: The data contain information on mergers and acquisitions.
    • Net Metering
      • Survey: Form EIA-861
      • Time frame: 2001 to present
      • Description: The data contain cumulative installation count and capacity of generators that are net metered by technology, state, sector, and balancing authority. If available, the energy sold back to the grid is also reported. Technology types include photovoltaic (standard, virtual less than 1 megawatt, and virtual 1 megawatt or greater), wind, and other. Storage systems that are paired with net-metered photovoltaic (PV) are also captured. We make a state-level adjustment for missing PV capacity and to convert state total capacity to AC units for those respondents who report data in DC units; we use 0.8256 as a conversion factor to change DC to AC. For other energy sources, we have not established imputation procedures.
      • Historical Changes: Initially, data contained only the customer count. In 2007, energy displaced was added (later renamed to energy sold back). We added capacity of systems in 2010, and we divided this category by technology type: PV, wind, and other. In 2016, we added a question to the survey about whether the megawatts reported for the PV systems were in AC or DC units). Also in 2016, the survey divided PV to include virtual systems and storage systems paired with PV. Starting in 2020, Form EIA-861S respondents were imputed.
    • Non-Net Metering Distributed
      • Survey: Form EIA-861
      • Time frame: 2010 to present
      • Description: The data contain cumulative values of generators that are not net metered and are under 1 megawatt in size (and not reported on Form EIA-860). Installations, total capacity, capacity owned, and capacity backup are reported in aggregate by state, sector, and balancing authority. Capacity is also reported by technology, state, sector, and balancing authority. Technology types include combustion turbine, internal combustion engine, fuel cells, hydroelectric, photovoltaic (PV), steam turbine, storage, wind, and other. Form EIA-861S respondents do not provide non-net-metering distributed data. A state-level adjustment is made for missing PV capacity and to convert state total capacity to AC units for those respondents who report data in DC units; we use 0.8256 as a conversion factor to change DC to AC, which uses the responses from the net-metering schedule. For other energy sources, we have not established imputation procedures.
      • Historical Changes: This schedule was referred to as distributed generation, and we renamed it to prevent double counting from net-metered systems (2016). Data on dispersed systems (systems not connected to the grid) were collected up to 2015. In 2016, we added data on fuel cells. Starting in 2016, these data were broken out by sector, and an adjustment to convert state total capacity to AC units for those respondents who report data in DC units; we use 0.8256 as a conversion factor to change DC to AC. Starting in 2020, Form EIA-861S respondents were estimated.
    • Operational Data
      • Survey: Form EIA-861
      • Time frame: 1990 to present
      • Description: The data contain aggregate operational data for the source and disposition of energy and revenue information from each electric utility.
    • Reliability
      • Survey: Form EIA-861
      • Time frame: 2013 to present
      • Description:The data contain information on non-momentary electrical interruptions. If collected, utilities report the system average interruption duration index (SAIDI), the system average interruption frequency index (SAIFI), and the conditions under which these metrics are collected. We allow respondents to use IEEE standards or any other method. We created a short video to describe what is collected.
    • Sales to Ultimate Customers
      • Surveys: Form EIA-861 and Form EIA-861S
      • Time frame: 1990 to present
      • Description: The data contain revenue, sales (in megawatthours), and customer count of electricity delivered to end-use customers by state, sector, and balancing authority. A state, service type, and balancing authority-level adjustment is made for non-respondents and for customer-sited respondents.
      • Historical Changes: In 2003, we created the transportation sector and removed the other sector. We made this change to separate the transportation sales and reassign the other activities to the commercial and industrial sectors as appropriate. Non-transportation customers previously reported under other, including street and highway lighting, are now included in the commercial sector. Previously, we referred to this file as retail sales.
    • Sales to Ultimate Customers, Customer-Sited
      • Time frame: 2002 to present
      • Description: The data contain revenue, sales (in megawatthours), and customer count of electricity delivered to end-use customers by state, sector, and balancing authority. These data aren’t collected on Form EIA-861; however, they are included in the state adjustments totals in the sales to ultimate customers file.
    • Service Territory
      • Surveys: Form EIA-861 and Form EIA-861S
      • Time frame: 2001 to present
      • Description: The data contain names of counties and states in which the utility has equipment to distribute electricity to ultimate customers.
    • Short Form
      • Surveys: Form EIA-861 and Form EIA-861S
      • Time frame: 2001 to present
      • Description: The data contain revenue, sales (in megawatthours), and customer count of electricity delivered to end-use customers, by state and balancing authority. Respondents answer whether they have net metering, demand side management, and time-based programs.
    • Utility Data
      • Survey: Form EIA-861
      • Time frame: 1990 to present
      • Description:The data contain information on a utility’s North American Electric Reliability (NERC) regions of operation. The data also indicate a utility’s independent system operator (ISO) or regional transmission organization (RTO) and whether that utility is engaged in any of the following activities: generation, transmission, buying transmission, distribution, buying distribution, wholesale marketing, retail marketing, bundled service, or operating alternative-fueled vehicles.
      • Historical Changes: In 2010, we added the independent system operator (ISO) and regional transmission organization (RTO) regions.
    • Demand-Side Management (DSM)
      • Survey: Form EIA-861
      • Time frame: 2001 to 2012
      • Description: The data contain energy efficiency incremental data, energy efficiency annual data, load management incremental data, load management annual data, annual costs, and the customer counts of price response and time response programs by sector.
      • Historical Changes: In 2007, we added the customer counts of price response and time response programs.
    • Green Pricing
      • Survey: Form EIA-861
      • Time frame: 2001 to 2012
      • Description: The data contain revenue, sales, and customer count by sector and state.
      • Historical Changes: Initially, data contained only the customer count. In 2007, revenue and sales were added.

    MIL OSI USA News –

  • MIL-OSI USA: NIST Announces 2024 Baldrige Awards for Performance Excellence

    Source: US Government research organizations

    Students receiving instruction in an advanced manufacturing lab at Palo Alto College, one of the community colleges in the Alamo Colleges District, which is among this year’s Baldrige Award recipients.

    Credit: Alamo Colleges District

    WASHINGTON — Today, the U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) announced that five organizations will receive the Malcolm Baldrige National Quality Award, the nation’s only presidential award for performance excellence. Among the recipients of the newly redesigned national quality award are a pair of two-time winners.

    The Baldrige Award was redesigned earlier this year to focus on organizational resilience. The new criteria are intended to help organizations adapt, innovate and thrive in a dynamic environment where change and disruption are constant. To win the award, in addition to demonstrating organizational resilience, recipients also must show long-term success through favorable performance levels and trends, comparisons to competitors and appropriate benchmarks, and relevant metrics.

    “The 2024 Baldrige Award recipients are role-model organizations that are helping us address some of our nation’s most critical needs, and they demonstrate the resilient spirit of the American people,” said U.S. Secretary of Commerce Gina Raimondo. “These five awardees are bettering the lives of American workers, strengthening our infrastructure, and improving the quality of life in communities across the nation. Each awardee demonstrates how the Baldrige process makes it possible for any type of organization to achieve excellence on behalf of the people and communities they serve.” 

    The 2024 honorees and some of their achievements are: 

    Alamo Colleges District (ACD) (Texas) provides affordable or tuition-free education to eligible students in an effort to help end poverty, enhance economic and social mobility, and meet workforce demands. Founded in 1945, the district includes five community colleges in the San Antonio area. In 2018, ACD won the Baldrige Award in education, and it now becomes the first higher education institution to win twice. 

    Chickasaw Nation Department of Health (CNDH) (Oklahoma) provides many types of inpatient, outpatient and population health services across a 13-county service area in southern Oklahoma. CNDH received a five-star (highest) rating from the Centers for Medicare and Medicaid Services, placing it among the top 10% nationally among health care organizations so rated. CNDH also ranks within the top 10% nationally both for patients’ willingness to recommend it and for low workforce turnover.  

    The City of Henderson (Nevada), founded in 1953 and named a “city of destiny” by President John F. Kennedy, ranks in the top 10% nationally for police and fire services, emergency preparedness, parks and overall city services. Bloomberg Philanthropies awarded it a “What Works Cities Gold Certification” for data-driven, well-managed local governance. Nearly 100% of the city’s employees indicate that they like the kind of work they do. 

    Freese and Nichols Inc. (Texas) is a privately owned engineering, planning and consulting firm with offices in 12 states. Its projects range from water supply reservoirs and wastewater treatment plants to state highways and flood risk reduction programs. In 2010, Freese and Nichols Inc. won the Baldrige Award in the small business category, and it now becomes the first two-time engineering firm winner. The firm showed total revenue growth from $200 million in 2019 to $325 million in 2023.

    Northeast Delta Dental (New Hampshire) provides prepaid dental insurance coverage and benefits to employers (including associations and union groups) and to individuals. Founded in 1961, Northeast Delta Dental comprises the Delta Dental Plans of Maine, New Hampshire and Vermont. Northeast Delta Dental’s “March to a Million” journey to a million covered lives has insured 1,091,563 people out of a population of 3 million, with a retention rate of 99%. 

    Additionally, several organizations were designated as finalists for the award and received site visits from the Baldrige examiners. These organizations were: the City of Pharr, Texas; the Community Hospital Association of McCook, Nebraska; the Nor-Lea Hospital District, New Mexico; and Southcentral Foundation, Alaska. 

    The Baldrige judges may offer special recognition to finalists for having impact in areas of importance to their organizations, the nation or both. This year, the judges recognize Southcentral Foundation for best practices in its integrated health care system, workforce development, and data and information management approaches.

    Baldrige Award recipients will be recognized during a formal ceremony in Baltimore, Maryland, in the spring of 2025. The ceremony will be followed by the Quest for Excellence Conference, where Baldrige Award recipients and other leading organizations share best practices and innovations that can help any organization improve.

    The Baldrige Performance Excellence Program is a public-private partnership within the National Institute of Standards and Technology, which is dedicated to promoting U.S. innovation and industrial competitiveness by advancing measurement science, standards and technology. The program has fostered the adoption of proven leadership, management and operational best practices, and supported a global community that values people, organizational learning, continuous improvement and striving for sustained excellence.

    The program is funded in part through user fees. Key partners include the nonprofit Alliance for Performance Excellence, a network of Baldrige-based regional and state award programs, and the Baldrige Foundation, which provides advocacy but does not have a role or influence in the annual Baldrige Award process.  

    MIL OSI USA News –

  • MIL-OSI USA: 2023 Electric Sales, Revenue, and Average Price Data

    Source: US Energy Information Administration

    Summary Tables
    T1 Number of consumers (bundled and unbundled) by sector, Census Division, and State PDF XLS
    T2 Sales to bundled and unbundled consumers by sector, Census Division, and State PDF XLS
    T3 Revenues for sales to bundled and unbundled consumers (including delivery service revenue) by sector, Census Division, and State PDF XLS
    T4 Average retail price for bundled and unbundled consumers by sector, Census Division, and State PDF XLS
    T5.a Residential average monthly bill by Census Division, and State PDF XLS
    T5.b Commercial average monthly bill by Census Division, and State PDF XLS
    T5.c Industrial average monthly bill by Census Division, and State PDF XLS
    Class of ownership, number of consumers, sales, revenue, and average price by State and utility:
    T6 Residential sector PDF XLS
    T7 Commercial sector PDF XLS
    T8 Industrial sector PDF XLS
    T9 Transportation sector PDF XLS
    T10 All sectors PDF XLS
    T11.a Number of consumers by end use sector and State: non-utility power producers PDF XLS
    T11.b Sales by end use sector and State: non-utility power producers PDF XLS
    T11.c Revenue by end use sector and State: non-utility power producers PDF XLS
    Class of ownership, number of consumers, sales, revenue, and average price for power marketers and energy service providers by State:
    T12 Residential sector PDF XLS
    T13 Commercial sector PDF XLS
    T14 Industrial sector PDF XLS
    T15 Transportation sector PDF XLS
    T16 All sectors PDF XLS
    T17 Revenue for delivery services collected by traditional distribution utilities for customers who selected alternate energy providers by State PDF XLS

    MIL OSI USA News –

  • MIL-OSI: Kayne Anderson Energy Infrastructure Fund Announces Change to Monthly Distributions and Announces Distributions

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) announced today its distribution payment frequency will change from quarterly to monthly payments beginning in November 2024.

    As outlined in the table below, the Company declared a monthly distribution of $0.08 per share payable in November 2024, December 2024 and January 2025. This monthly distribution amount is equivalent to the $0.24 per share quarterly distribution paid by KYN on October 7, 2024.

    The Board of Directors and management understand how important distributions are to the Company’s investors and believe this change to KYN’s distribution policy will make it an attractive choice for investors who desire more frequent distribution payments.

    Payment of future distributions is subject to the approval of the Company’s Board of Directors.  It is the Company’s intention to declare monthly payments each month beginning with the monthly distribution payment expected to be made in February 2025.

    Record Date / Ex-Date Payment Date Distribution Amount Return of Capital Estimate
    11/15/24 11/29/24 $0.08 0%(1)
    12/16/24 12/31/24 $0.08 75%(2)
    1/15/25 1/31/25 $0.08 75%(2)

    (1) This estimate is based on the Company’s anticipated earnings and profits. The final determination of the tax character of distributions will not be determinable until after the end of fiscal 2024 and may differ substantially from this preliminary information.
    (2) This estimate is based on the Company’s anticipated earnings and profits. The final determination of the tax character of distributions will not be determinable until after the end of fiscal 2025 and may differ substantially from this preliminary information.

    Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.

    The Company pays cash distributions to common stockholders at a rate that may be adjusted from time to time. Distribution amounts are not guaranteed and may vary depending on a number of factors, including changes in portfolio holdings and market conditions. 

    This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at http://www.kaynefunds.com or http://www.sec.gov. Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.

    Contact investor relations at 877-657-3863 or cef@kayneanderson.com.

    The MIL Network –

  • MIL-OSI: Amalgamated Financial Corp. Announces Third Quarter 2024 Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its third quarter 2024 financial results will be released before market open on Thursday, October 24, 2024. The Company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the financial results.

    Investors and analysts interested in participating in the call are invited to dial 1-877-407-9716 (international callers please dial 1-201-493-6779) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available on the website at https://ir.amalgamatedbank.com/.

    A replay of the conference call will be available within two hours of the conclusion of the call and can be accessed both online and by dialing 1-844-512-2921 (international callers please dial 1-412-317-6671). The pin to access the telephone replay is 13748697. The replay will be available until October 31, 2024.  

    About Amalgamated Financial Corp.

    Amalgamated Financial Corp. is a Delaware public benefit corporation and a bank holding company engaged in commercial banking and financial services through its wholly-owned subsidiary, Amalgamated Bank. Amalgamated Bank is a New York-based full-service commercial bank and a chartered trust company with a combined network of five branches across New York City, Washington D.C., and San Francisco, and a commercial office in Boston. Amalgamated Bank was formed in 1923 as Amalgamated Bank of New York by the Amalgamated Clothing Workers of America, one of the country’s oldest labor unions. Amalgamated Bank provides commercial banking and trust services nationally and offers a full range of products and services to both commercial and retail customers. Amalgamated Bank is a proud member of the Global Alliance for Banking on Values and is a certified B Corporation®. As of June 30, 2024, our total assets were $8.3 billion, total net loans were $4.4 billion, and total deposits were $7.4 billion. Additionally, as of June 30, 2024, our trust business held $34.6 billion in assets under custody and $14.0 billion in assets under management.

    Investor Contact:
    Jamie Lillis
    Solebury Strategic Communications
    shareholderrelations@amalgamatedbank.com 
    800-895-4172

    Source: Amalgamated Financial Corp.

    The MIL Network –

  • MIL-OSI: Patria Announces Third Quarter 2024 Investor Call

    Source: GlobeNewswire (MIL-OSI)

    GRAND CAYMAN, Cayman Islands, Oct. 10, 2024 (GLOBE NEWSWIRE) — Patria (Nasdaq:PAX) announced today that it will release financial results for the third quarter 2024 on Tuesday, November 5, 2024, and host a conference call via public webcast at 9:00 a.m. ET.

    To register, please use the following link: https://edge.media-server.com/mmc/p/emuekpt7

    For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Patria’s website at https://ir.patria.com/.

    Patria distributes its earnings releases via its website and email lists. Those interested in firm updates can sign up to receive Patria press releases via email at https://ir.patria.com/ir-resources/email-alerts.

    About Patria

    Patria is a global alternative asset manager and industry leader in Latin America, with over 35 years of history, combined assets under management of $40.3 billion, and a global presence with offices in 13 cities across 4 continents. Patria aims to provide consistent returns in attractive long-term investment opportunities as the gateway for alternative investments in Latin America. Through a diversified platform spanning Private Equity, Infrastructure, Credit, Real Estate, Public Equities and Global Private Markets Solutions strategies, Patria provides a comprehensive range of products to serve its global client base. Further information is available at http://www.patria.com.

    Contact

    Rob Lee
    t +1 917 769 1611
    rob.lee.consult@patria.com 

    Andre Medina
    t +1 917 769 1611
    andre.medina@patria.com 

    The MIL Network –

  • MIL-OSI: Innventure Sponsors Licensing Executives Society (LES) Annual Meeting 2024

    Source: GlobeNewswire (MIL-OSI)

    ORLANDO, Fla., Oct. 10, 2024 (GLOBE NEWSWIRE) — Innventure (Nasdaq: INV), a technology commercialization platform, today announced its sponsorship of the Licensing Executives Society (USA & Canada), Inc. (LES) 2024 Annual Meeting. Innventure’s Gold Level sponsorship and attendance at the October 20-23 event in New Orleans underscores its commitment to fostering innovation and bringing groundbreaking technologies to market.

    “The LES Annual Meeting is like no other IP event you’ll go to,” said Bob Held, IP & Licensing Expert, Past President & Chair of the Board and part-time CEO of LES. “It brings together people from all walks of the IP life – students, university professors, CEOs of corporations, startups, mid-size companies, university tech transfer offices, government officials, attorneys, and consultants. It’s a forum where relationships are built that can last for decades, benefiting attendees both personally and professionally.”

    The LES Annual Meeting is a cornerstone event for professionals in intellectual property, licensing, and technology transfer. This year’s meeting is expected to draw over 500 attendees from around the world.

    The four-day event will feature over 30 panel sessions, 15 roundtable discussions, and distinguished keynote speakers, including Alaina van Horn, Chief of the Intellectual Property Enforcement (IPE) Branch of U.S. Customs and Border Protection, and Congressman Troy Carter. Topics will range from artificial intelligence and life sciences to data use in complex SEP licensing and recent legal updates across the U.S. and Europe.

    Innventure’s Gold Level sponsorship underscores its commitment to fostering innovation and bringing groundbreaking technologies to market.

    “We see tremendous value in supporting LES and its mission,” said Bill Haskell, CEO of Innventure. “Our model of commercializing breakthrough technologies aligns perfectly with the LES community’s focus on advancing the business of intellectual property.”

    At the LES Annual Meeting, Innventure will lead a workshop titled “Maximizing IP Value through Strategic Spin-Outs and Alternative Commercialization Approaches” that is scheduled for October 22, from 11:15 a.m. to 12:15 p.m. in Galerie 4 (2nd Floor). This panel will feature Innventure executives Gayle Anderson and Tom Cripe, alongside David Rikkers of Expedited Climb Capital LLC. This interactive session, conducted in a talk show format with Q&A, is designed for seasoned IP executives and professionals seeking to understand the nuances of technology transfer and spin-outs.

    The LES Annual Meeting provides unparalleled networking opportunities and insights into the evolving landscape of IP and technology commercialization.

    Representatives from Innventure will be on-site at the New Orleans Marriott, and available for meetings. Please visit them at the Innventure booth or reach out to Erin Steigerwalt, Innventure events manager.

    “In today’s rapidly changing IP environment, staying informed and connected is crucial,” Held said. “Whether it’s understanding the impact of generative AI on patents or keeping up with judicial rulings, LES offers the knowledge and connections needed to navigate these challenges effectively.”

    For more information about the LES Annual Meeting 2024 and to register, visit https://les2024.org/ or Innventure.com.

    About Innventure
    Innventure founds, funds, and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. As owner-operators, Innventure takes what it believes to be breakthrough technologies from early evaluation to scaled commercialization utilizing an approach designed to help mitigate risk as it builds disruptive companies it believes have the potential to achieve a target enterprise value of at least $1 billion. Innventure defines ‘‘disruptive’’ as innovations that have the ability to significantly change the way businesses, industries, markets and/or consumers operate.

    About LES
    Established in 1965, the Licensing Executives Society (U.S.A. and Canada), Inc. (LES) is the largest member society of the Licensing Executives Society International, Inc. (LESI). LES has over 1,600 members and LESI has over 6500 members engaged in the creation, commercial development, and orderly transfer of intellectual property rights; protection and management of intellectual capital; and intellectual capital management standards development.

    Events Manager Contact

    Events Manager Contact: Erin Steigerwalt, Innventure
    esteigerwalt@innventure.com

    Media Contact: Laurie Steinberg, Solebury Strategic Communications
    press@innventure.com

    Investor Relations Contact: Sloan Bohlen, Solebury Strategic Communications
    investorrelations@innventure.com 

    The MIL Network –

  • MIL-OSI: Carlyle Secured Lending, Inc. Prices Public Offering of $300 Million 6.750% Unsecured Notes Due 2030

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — Carlyle Secured Lending, Inc. (Nasdaq: CGBD) (the “Company”) today announced that it has priced an underwritten public offering of $300 million in aggregate principal amount of 6.750% unsecured notes due 2030 (the “Notes”). The Notes will mature on February 18, 2030 and may be redeemed in whole or in part at the Company’s option at the applicable redemption price. The offering is expected to close on October 18, 2024, subject to customary closing conditions.

    The Company intends to use the net proceeds from this offering to repay the Company’s outstanding debt including the revolving credit facility, the Company’s 4.750% unsecured notes and 4.500% unsecured notes in the aggregate principal of approximately $190.0 million, each of which is scheduled to mature on December 31, 2024, and to fund new investment opportunities, and for other general corporate purposes.

    J.P. Morgan, Barclays, BofA Securities, Morgan Stanley, Citigroup, Deutsche Bank Securities, Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc. and R. Seelaus & Co., LLC are acting as joint book-running managers for this offering. ICBC Standard Bank, TCG Capital Markets L.L.C., B. Riley Securities, Keefe, Bruyette & Woods, A Stifel Company and Raymond James are acting as co-managers for this offering.

    Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing. The pricing term sheet dated October 10, 2024, preliminary prospectus supplement, dated October 10, 2024, and the accompanying prospectus, dated April 29, 2024, each of which has been filed with the U.S. Securities and Exchange Commission (the “SEC”), contain a description of these matters and other information about the Company and should be read carefully before investing.

    The Company’s shelf registration statement is on file with the SEC and is effective. The offering is being made solely by means of a preliminary prospectus supplement and an accompanying prospectus, which may be obtained for free by visiting the SEC’s website at http://www.sec.gov or from J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attn: Investment Grade Syndicate Desk, facsimile: 212-834-6081; or Barclays Capital Inc., Attention: Syndicate Registration, 745 Seventh Avenue, New York, New York 10019, telephone: 1-888-603-5847; or BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attn: Prospectus Department, or by calling 1-800-294-1322; or Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attn: Prospectus Department, or by calling 1-866-718-1649.

    The information in the pricing term sheet, the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may change. The pricing term sheet, the preliminary prospectus supplement, the accompanying prospectus, and this press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the Notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

    About Carlyle Secured Lending: Carlyle Secured Lending, Inc. is a closed-end, non-diversified and externally managed investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. Our objective is to generate current income and capital appreciation by sourcing and providing senior secured debt investments to U.S. companies in the middle market that are generally backed by private equity sponsors. The Company is managed by Carlyle Global Credit Investment Management L.L.C., an SEC-registered investment adviser and a wholly owned subsidiary of The Carlyle Group Inc (“Carlyle”). We derive significant benefit from our ability access and leverage Carlyle’s significant scale, vast resources and world-class talent.

    About Carlyle: Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. With $435 billion of assets under management as of June 30, 2024, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. Carlyle employs more than 2,200 people in 29 offices across four continents.

    Forward-Looking Statements

    Statements included herein contain certain “forward-looking statements” within the meaning of the federal securities laws, including statements with regard to the Company’s Notes offering and the anticipated use of the net proceeds of the offering. You can identify these statements by the use of forward-looking terminology such as “anticipates,” “believes,” “expects,” “intends,” “will,” “should,” “may,” “plans,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions to identify forward-looking statements, although not all forward-looking statements include these words. You should read statements that contain these words carefully because they discuss our plans, strategies, prospects and expectations concerning our business, operating results, financial condition and other similar matters. We believe that it is important to communicate our future expectations to our investors. There may be events in the future, however, that we are not able to predict accurately or control. You should not place undue reliance on these forward-looking statements, which speak only as of the date on which we make it. Factors or events that could cause our actual results to differ, possibly materially from our expectations, include, but are not limited to, the risks, uncertainties and other factors we identify in the sections entitled “Risk Factors,” “Supplementary Risk Factors” and “Special Note Regarding Forward-Looking Statements” in filings we make with the SEC, and it is not possible for us to predict or identify all of them. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Contacts:  
       
    Investors: Media:
    Nishil Mehta Kristen Greco Ashton
    +1 (212) 813-4918
    publicinvestor@carlylesecuredlending.com    		 +1 (212) 813-4763
    kristen.ashton@carlyle.com
       

    SOURCE: Carlyle Secured Lending, Inc.

    The MIL Network –

  • MIL-OSI: Southside Bancshares, Inc. Announces Third Quarter Conference Call

    Source: GlobeNewswire (MIL-OSI)

    TYLER, Texas, Oct. 10, 2024 (GLOBE NEWSWIRE) — Southside Bancshares, Inc. (“Southside”) (NASDAQ: SBSI), the holding company for Southside Bank, announced today it will release its third quarter financial results before the market opens on Thursday, October 24, 2024. Southside will host a conference call to discuss its results on Thursday, October 24, 2024, at 11:00 a.m. CDT.

    The call will be hosted by Lee R. Gibson, CEO, Julie Shamburger, CFO, and Lindsey Bailes, VP, Investor Relations. Following prepared remarks there will be a question and answer session for the analyst community.

    The Conference Call Details

    The conference call can be accessed by webcast, for listen-only mode, here or on the company website, https://investors.southside.com, under Events.

    Those interested in participating in the question and answer session, or others who prefer to call-in, can register using this online form to receive the dial-in number and unique code to access the conference call seamlessly. While not required, it is recommended that those wishing to participate register 10 minutes prior to the conference call to ensure a more efficient registration process.

    For those unable to attend the live event, a webcast recording will be available here or on the company website, https://investors.southside.com, for at least 30 days, beginning approximately two hours following the conference call.

    About Southside Bancshares, Inc.

    Southside Bancshares, Inc. is a bank holding company headquartered in Tyler, Texas, with approximately $8.36 billion in assets as of June 30, 2024. Through its wholly-owned subsidiary, Southside Bank, Southside currently operates 54 branches and a network of 73 ATMs/ITMs throughout East Texas, Southeast Texas and the greater Dallas/Fort Worth, Austin and Houston areas. Serving customers since 1960, Southside Bank is a community-focused financial institution that offers a full range of financial products and services to individuals and businesses. These products and services include consumer and commercial loans, mortgages, deposit accounts, safe deposit boxes, treasury management, wealth management, trust services, brokerage services and an array of online and mobile services.

    To learn more about Southside Bancshares, Inc., please visit our investor relations website at https://investors.southside.com. Our investor relations site provides a detailed overview of our activities, financial information and historical stock price data. To receive e-mail notification of company news, events and stock activity, please register on the website under Resources and Investor Email Alerts. Questions or comments may be directed to Lindsey Bailes at 903-630-7965 or lindsey.bailes@southside.com.

    For further information:
    Lindsey Bailes
    903-630-7965

    The MIL Network –

  • MIL-OSI: Varonis Announces Date of Third Quarter 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, announced that it will report its third quarter 2024 financial results following the close of the U.S. financial markets Tuesday, October 29, 2024.

    In conjunction with this announcement, Varonis will host a conference call Tuesday, October 29, 2024, at 4:30 p.m. ET to discuss the company’s financial results.

    To access this call, dial 877-425-9470 (domestic) or 201-389-0878 (international). The conference ID number is 13749435. A replay of this conference call will be available through November 5, 2024, at 844-512-2921 (domestic) or 412-317-6671 (international). The replay passcode is 13749435.

    A live webcast of this conference call will be available on the “Investor Relations” page of the company’s website (https://ir.varonis.com), and the replay will be archived on the website for one year.

    Additional Resources

    About Varonis

    Varonis (Nasdaq: VRNS) is a leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.

    Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), and insider risk management.

    Varonis protects data first, not last. Learn more at http://www.varonis.com.

    Investor Relations Contact:
    Tim Perz
    Varonis Systems, Inc.
    646-640-2112
    investors@varonis.com

    News Media Contact:
    Rachel Hunt
    Varonis Systems, Inc.
    877-292-8767 (ext. 1598)
    pr@varonis.com

    The MIL Network –

  • MIL-OSI: Rapid7 to Report Third Quarter 2024 Financial Results on November 6

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Oct. 10, 2024 (GLOBE NEWSWIRE) — Rapid7, Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, today announced that the company will release its third quarter 2024 financial results on Wednesday, November 6, 2024, after the financial markets close.

    The company will host a conference call that same day to discuss its results and business outlook at 4:30 p.m. Eastern Time. The call will be accessible by telephone at +1 888-330-2384 (toll-free) or +1 240-789-2701 with the event code 8484206.

    The conference call will also be available live via webcast on the company’s website at https://investors.rapid7.com. A webcast replay of the call will be available at https://investors.rapid7.com.

    About Rapid7
    Rapid7 (Nasdaq: RPD) is on a mission to create a safer digital world by making cybersecurity simpler and more accessible. We empower security professionals to manage a modern attack surface through our best-in-class technology, leading-edge research, and broad, strategic expertise. Rapid7’s comprehensive security solutions help more than 11,000 global customers unite cloud risk management and threat detection to reduce attack surfaces and eliminate threats with speed and precision. For more information, visit our website, check out our blog, or follow us on LinkedIn or Twitter.

    Rapid7 Investor Contact:
    Elizabeth Chwalk
    Senior Director
    Investor Relations
    investors@rapid7.com
    (617) 865-4277

    Rapid7 Press Contact:
    Kelly Crummey
    Corporate Communications
    press@rapid7.com
    (617) 921-8089

    The MIL Network –

  • MIL-OSI: Delisting of Securities of Gamer Pakistan Inc.; Biotricity, Inc.; Zalatoris II Acquisition Corp.; Warrantee Inc.; Spectaire Holdings, Inc.; Centogene N.V.; DZS Inc.; Corner Growth Acquisition Corp. 2; Collective Audience, Inc.; Grom Social Enterprises Inc.; Fintech Ecosystem Development Corp.; Edgio, Inc.; Kineta, Inc.; BurgerFi International Inc.; A SPAC II Acquisition Corp.; and African Agriculture Holdings Inc. from The Nasdaq Stock Market

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) —  The Nasdaq Stock Market announced today that it will delist the common stock of Gamer Pakistan Inc. Gamer Pakistan Inc.’s securities were suspended on August 5, 2024, and have not traded on Nasdaq since that time.

    Nasdaq also announced today that it will delist the common stock of Biotricity, Inc. Biotricity, Inc.’s securities were suspended on August 5, 2024, and have not traded on Nasdaq since that time.

    Nasdaq also announced today that it will delist the ordinary shares, warrants, and units of Zalatoris II Acquisition Corp. Zalatoris II Acquisition Corp.’s securities were suspended on August 7, 2024, and have not traded on Nasdaq since that time.

    Nasdaq also announced today that it will delist the American Depositary Shares of Warrantee Inc. Warrantee Inc.’s securities were suspended on August 7, 2024, and have not traded on Nasdaq since that time.

    Nasdaq also announced today that it will delist the common stock and warrants of Spectaire Holdings, Inc. Spectaire Holdings, Inc.’s securities were suspended on August 7, 2024, and have not traded on Nasdaq since that time.

    Nasdaq also announced today that it will delist the common stock of Centogene N.V. Centogene N.V.’s securities were suspended on August 8, 2024, and have not traded on Nasdaq since that time.

    Nasdaq also announced today that it will delist the common stock of DZS Inc. DZS Inc.’s securities were suspended on August 8, 2024, and have not traded on Nasdaq since that time.

    Nasdaq also announced today that it will delist the ordinary shares, units, and warrants of Corner Growth Acquisition Corp. 2. Corner Growth Acquisition Corp. 2’s securities were suspended on August 14, 2024, and have not traded on Nasdaq since that time.

    Nasdaq also announced today that it will delist the common stock of Collective Audience, Inc. Collective Audience, Inc.’s securities were suspended on August 16, 2024, and have not traded on Nasdaq since that time.

    Nasdaq also announced today that it will delist the common stock and warrants of Grom Social Enterprises Inc. Grom Social Enterprises Inc.’s securities were suspended on August 19, 2024, and have not traded on Nasdaq since that time.

    Nasdaq also announced today that it will delist the Class A Common Stock, rights, warrants, and units of Fintech Ecosystem Development Corp. Fintech Ecosystem Development Corp.’s securities were suspended on August 20, 2024, and have not traded on Nasdaq since that time.

    Nasdaq also announced today that it will delist the common stock of Edgio, Inc. Edgio, Inc.’s securities were suspended on September 18, 2024, and have not traded on Nasdaq since that time.

    Nasdaq also announced today that it will delist the common stock of Kineta, Inc. Kineta, Inc.’s securities were suspended on September 19, 2024, and have not traded on Nasdaq since that time.

    Nasdaq also announced today that it will delist the common stock and warrants of BurgerFi International Inc. BurgerFi International Inc.’s securities were suspended on September 23, 2024, and have not traded on Nasdaq since that time.

    Nasdaq also announced today that it will delist the Ordinary Shares, Class A Common Stock; warrants, units, and rights of A SPAC II Acquisition Corp. A SPAC II Acquisition Corp.’s securities were suspended on September 24, 2024, and have not traded on Nasdaq since that time.

    Nasdaq also announced today that it will delist the common stock and warrants of African Agriculture Holdings Inc. African Agriculture Holdings Inc.’s securities were suspended on September 26, 2024, and have not traded on Nasdaq since that time.

    For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.

    The MIL Network –

  • MIL-OSI: SuRo Capital Corp. Third Quarter 2024 Preliminary Investment Portfolio Update

    Source: GlobeNewswire (MIL-OSI)

    Continues to Execute on AI Strategy with Significant New Investments

    Net Asset Value Anticipated to be $6.50 to $7.00 Per Share

    NEW YORK, Oct. 10, 2024 (GLOBE NEWSWIRE) — SuRo Capital Corp. (“SuRo Capital”, the “Company”, “we”, “us”, and “our”) (Nasdaq: SSSS) today provided the following preliminary update on its investment portfolio for the third quarter ended September 30, 2024.

    “For over a decade, SuRo Capital has been the public’s gateway to curated venture capital. This access, once reserved only for venture capitalists, has provided exposure to some of the largest, most compelling, and highly sought after private companies in the world before they become publicly traded. Our current portfolio offers exposure to the infrastructure for artificial intelligence, growing consumer brands, and exciting consumer and enterprise software names, among others,” said Mark Klein, Chairman and Chief Executive Officer of SuRo Capital.

    Mr. Klein continued, “This year has been one of the most active investment periods for SuRo Capital in the last decade. During the quarter, we made a $17.5 million investment in OpenAI (via ARK Type One Deep Ventures Fund LLC), one of the largest artificial intelligence developers in the world, and increased our position in CoreWeave, an AI cloud computing provider, via a $5.0 million secondary transaction. Subsequent to quarter-end, we made a $12.0 million investment in VAST Data (via IH10, LLC), an AI infrastructure data platform focused on providing enhanced productivity and simple data management for the AI-powered world, and increased our investment in CoreWeave with an additional $5.0 million secondary,” said Mark Klein, Chairman and Chief Executive Officer of SuRo Capital.

    “With these new investments and our existing investment in CW Opportunity 2 LP we have invested nearly $55.0 million into some of the leading AI infrastructure companies. Given AI’s significant addressable market, we believe dedicating a significant portion of our portfolio to AI infrastructure will prove to be successful for our shareholders,” Mr. Klein continued.

    “Finally, during the quarter, our Board of Directors approved a repurchase program of up to $35.0 million for our 6.00% Notes due 2026 and the issuance of up to $75.0 million of private 6.50% Convertible Notes due 2029, with an initial issuance of up to $25.0 million. We believe the refinancing of a portion of our current debt to a longer-dated convertible instrument with favorable terms strengthens our balance sheet, provides greater flexibility to invest capital beyond 2026, and will ultimately maximize shareholder value in the long term,” concluded Mr. Klein.

    As previously reported, SuRo Capital’s net assets totaled approximately $162.3 million, or $6.94 per share, at June 30, 2024, and approximately $212.0 million, or $8.41 per share, at September 30, 2023. As of September 30, 2024, SuRo Capital’s net asset value is estimated to be between $6.50 to $7.00 per share, based on presently available information.

    Investment Portfolio Update
    As of September 30, 2024, SuRo Capital held positions in 36 portfolio companies – 32 privately held and 4 publicly held, some of which may be subject to certain lock-up provisions.

    During the three months ended September 30, 2024, SuRo Capital made the following investments:

    Portfolio Company Investment Transaction Date Amount(1)
    OpenAI Global, LLC –
    ARK Type One Deep Ventures Fund LLC(2)    		 Convertible Equity via
    Class A Interest    		 9/25/2024 $17.5 million
    CoreWeave, Inc. Common Shares 9/26/2024 $5.0 million

    __________________
    (1)   Amount invested does not include any capitalized costs or prepaid management fees or fund expenses, if applicable.
    (2)   SuRo Capital is invested in the Convertible Equity of OpenAI Global, LLC through its investment in the Class A Interest of ARK Type One Deep Ventures Fund LLC.   ARK Type One Deep Ventures Fund LLC’s sole portfolio asset for Class A Interest holders is the Convertible Equity of OpenAI Global, LLC.

    During the three months ended September 30, 2024, SuRo Capital exited or received proceeds from the following investments:

    Portfolio Company Transaction
    Date    		 Quantity Average Net
    Share Price    (1)    		 Net
    Proceeds    		 Realized
    Gain/(Loss)
    Churchill Sponsor VII LLC 8/18/2024 N/A N/A $- $(0.3 million)
    OneValley, Inc. (f/k/a NestGSV, Inc.)(2) 8/29/2024 N/A N/A $3.0 million $(6.6 million)
    PSQ Holdings, Inc. (d/b/a PublicSquare) – Public Common Shares(3) Various 359,845 $2.82 $1.0 million $0.7 million
    SPBRX, INC. (f/k/a GSV Sustainability Partners, Inc.)(4) 9/30/2024 N/A N/A $0.4 million $(6.8 million)
    YouBet Technology, Inc. (d/b/a FanPower)(5) 8/22/2024 N/A N/A $- $(0.8 million)

    __________________
    (1)   The average net share price is the net share price realized after deducting all commissions and fees on the sale(s), if applicable.
    (2)   On August 29, 2024, SuRo Capital sold its remaining position in OneValley, Inc. (f/k/a NestGSV, Inc.).
    (3)   As of September 30, 2024, SuRo Capital held 1,616,187 remaining PSQ Holdings, Inc. (d/b/a PublicSquare) public common shares.
    (4)   On September 20, 2024, SPBRX, INC. (f/k/a GSV Sustainability Partners, Inc.) dissolved its business and made a final distribution.(5)   Investment made through SuRo Capital Sports, LLC.

    Subsequent to quarter-end through October 10, 2024, SuRo Capital made the following investments:

    Portfolio Company Investment Transaction Date Amount(1)
    CoreWeave, Inc. Series A Preferred 10/8/2024 $5.0 million
    VAST Data, Ltd. – IH10, LLC(2) Series B Preferred via
    Membership Interest    		 10/9/2024 $12.0 million

    __________________
    (1)   Amount invested does not include any capitalized costs or prepaid management fees or fund expenses, if applicable.
    (2)   SuRo Capital is invested in the Series B Preferred Shares of VAST Data, Ltd. through its investment in the Membership Interest of IH10, LLC. IH10, LLC’s sole portfolio asset is interest in the Series B Preferred Shares of VAST Data, Ltd. through a special purpose vehicle.

    SuRo Capital’s liquid assets were approximately $39.5 million as of September 30, 2024, consisting of cash and securities of publicly traded portfolio companies not subject to lock-up restrictions at quarter-end.

    As of September 30, 2024, there were 23,378,002 shares of the Company’s common stock outstanding.

    Convertible Note Purchase Agreement
    On August 6, 2024, SuRo Capital entered into a Note Purchase Agreement (the “Note Purchase Agreement”), by and between the Company and the purchaser identified therein (the “Purchaser”), pursuant to which we may issue up to a maximum of $75.0 million in aggregate principal amount of 6.50% Convertible Notes due 2029 (the “Convertible Notes”). Pursuant to the Note Purchase Agreement, on August 14, 2024 we issued and sold, and the Purchaser purchased, $25.0 million in aggregate principal amount of the Convertible Notes (the “Initial Notes”). Under the Note Purchase Agreement, upon mutual agreement between the Company and the Purchaser, we may issue additional Convertible Notes for sale in subsequent offerings to the Purchaser (the “Additional Notes”), or issue additional notes with modified pricing terms (the “New Notes”), in the aggregate for both the Additional Notes and the New Notes, up to a maximum of $50.0 million in one or more private offerings.

    Interest on the Convertible Notes will be paid quarterly in arrears on March 30, June 30, September 30, and December 30, at a rate of 6.50% per year, beginning September 30, 2024. The Convertible Notes will mature on August 14, 2029, and may be redeemed in whole or in part at any time or from time to time at our option on or after August 6, 2027 upon the fulfillment of certain conditions. The Convertible Notes will be convertible into shares of our common stock at the Purchaser’s sole discretion at an initial conversion rate of 129.0323 shares of our common stock per $1,000 principal amount of the Convertible Notes, subject to adjustments and limitations as provided in the Note Purchase Agreement.   The net proceeds from the offering of the Convertible Notes will be used to repay outstanding indebtedness, make investments in accordance with our investment objective and investment strategy, and for other general corporate purposes. The Note Purchase Agreement includes customary representations, warranties, and covenants by the Company.

    Subsequent to quarter-end, pursuant to the Note Purchase Agreement, on October 9, 2024 we issued and sold, and the Purchaser purchased, $5.0 million in aggregate principal amount of the Additional Notes. The Additional Notes are treated as a single series with the Initial Notes and have the same terms as the Initial Notes. The Additional Notes are fungible and rank equally with the Initial Notes. Upon issuance of the Additional Notes, the outstanding aggregate principal amount of our Convertible Notes became $30.0 million.

    Note Repurchase Program
    On August 6, 2024, SuRo Capital’s Board of Directors approved a discretionary note repurchase program (the “Note Repurchase Program”) which allows the Company to repurchase up to 46.67%, or $35.0 million in aggregate principal amount, of our 6.00% Notes due 2026 (the “6.00% Notes”) through open market purchases, including block purchases, in such manner as will comply with the provisions of the Investment Company Act of 1940, as amended (the “1940 Act”) and the Securities Exchange Act of 1934, as amended (the “Exchange Act”). As of September 30, 2024, we had repurchased 1,010,136 of the 6.00% Notes due 2026 under the Note Repurchase Program.

    Subsequent to quarter-end through October 10, 2024, we repurchased an additional 201,446 of the 6.00% Notes due 2026 under the Note Repurchase Program. The aggregate principal dollar amount of 6.00% Notes that may yet be repurchased by SuRo Capital under the Note Repurchase Program is approximately $4.7 million.

    Share Repurchase Program
    Under the Share Repurchase Program, the Company may repurchase its outstanding common stock in the open market, provided it complies with the prohibitions under its insider trading policies and procedures and the applicable provisions of the 1940 Act and the Exchange Act.

    Since inception of the Share Repurchase Program in August 2017, SuRo Capital has repurchased over 6.0 million shares of its common stock for an aggregate purchase price of approximately $39.3 million. This does not include repurchases under various tender offers during this time period. The dollar value of shares that may yet be purchased by SuRo Capital under the Share Repurchase Program is approximately $20.7 million. The Share Repurchase Program is authorized through October 31, 2024.

    Preliminary Estimates and Guidance
    The preliminary financial estimates provided herein are unaudited and have been prepared by, and are the responsibility of, the management of SuRo Capital. Neither our independent registered public accounting firm, nor any other independent accountants, have audited, reviewed, compiled, or performed any procedures with respect to the preliminary financial data included herein. Actual results may differ materially.

    The Company expects to announce its third quarter ended September 30, 2024 results in November 2024.

    Forward-Looking Statements
    Statements included herein, including statements regarding SuRo Capital’s beliefs, expectations, intentions, or strategies for the future, may constitute “forward-looking statements”. SuRo Capital cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements. All forward-looking statements involve a number of risks and uncertainties, including the impact of any market volatility that may be detrimental to our business, our portfolio companies, our industry, and the global economy, that could cause actual results to differ materially from the plans, intentions, and expectations reflected in or suggested by the forward-looking statements. Risk factors, cautionary statements, and other conditions which could cause SuRo Capital’s actual results to differ from management’s current expectations are contained in SuRo Capital’s filings with the Securities and Exchange Commission. SuRo Capital undertakes no obligation to update any forward-looking statement to reflect events or circumstances that may arise after the date of this press release.

    About SuRo Capital Corp.
    SuRo Capital Corp. (Nasdaq: SSSS) is a publicly traded investment fund that seeks to invest in high-growth, venture-backed private companies. The fund seeks to create a portfolio of high-growth emerging private companies via a repeatable and disciplined investment approach, as well as to provide investors with access to such companies through its publicly traded common stock. SuRo Capital is headquartered in New York, NY and has offices in San Francisco, CA. Connect with the company on X, LinkedIn, and at http://www.surocap.com.

    Contact
    SuRo Capital Corp.
    (212) 931-6331
    IR@surocap.com

    The MIL Network –

  • MIL-OSI: Alpine Banks of Colorado announces common shareholder dividend

    Source: GlobeNewswire (MIL-OSI)

    GLENWOOD SPRINGS, Colo., Oct. 10, 2024 (GLOBE NEWSWIRE) — Alpine Banks of Colorado (OTCQX: ALPIB) announced today that a quarterly cash dividend of $0.20 per Class B nonvoting common share will be paid on October 28, 2024, to shareholders of record at the close of business on October 21, 2024. Per the Articles of Incorporation, dividends on the Class B nonvoting common stock shall be declared by the Board of Directors equal to one-one-hundred-fiftieth (1/150th) of the amount per share declared by the Board of Directors for each share of Class A voting common stock. Alpine Banks of Colorado Class B nonvoting common shares are publicly traded on the OTCQX® Best Market under the symbol “ALPIB.”

    Additionally, a quarterly cash dividend of $30.00 per Class A voting common share will be paid on October 28, 2024, to shareholders of record at the close of business on October 21, 2024. Alpine Banks of Colorado Class A voting common shares are not publicly traded.

    The dividend of $30.00 per Class A voting common share and $0.20 per Class B nonvoting common share is unchanged from the dividend paid in the previous quarter.

    About Alpine Banks of Colorado
    Alpine Banks of Colorado, through its wholly owned subsidiary Alpine Bank, is a $6.5 billion, independent, employee-owned organization founded in 1973 with headquarters in Glenwood Springs, Colorado. Alpine Bank employs 890 people and serves 170,000 customers with personal, business, wealth management*, mortgage, and electronic banking services across Colorado’s Western Slope, mountains, and Front Range. Alpine Bank has a five-star rating – meaning it has earned a superior performance classification – from BauerFinancial, an independent organization that analyzes and rates the performance of financial institutions in the United States. Shares of the Class B nonvoting common stock of Alpine Banks of Colorado trade under the symbol “ALPIB” on the OTCQX® Best Market. Learn more at http://www.alpinebank.com.

    *Alpine Bank Wealth Management services are not FDIC insured, may lose value and are not guaranteed by the bank.

    The MIL Network –

  • MIL-OSI: SPS Commerce Announces Date of Third Quarter 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, Oct. 10, 2024 (GLOBE NEWSWIRE) — SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced that it will issue its financial results for the third quarter ended September 30, 2024, after the market close on Thursday, October 24, 2024. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day.

    To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at least 15 minutes prior to the 3:30 p.m. CT start time. Please ask to join the SPS Commerce Q3 2024 conference call. A live webcast of the call will also be available at http://investors.spscommerce.com under the Events and Presentations menu. The replay will also be available on our website at http://investors.spscommerce.com.

    About SPS Commerce

    SPS Commerce is the world’s leading retail network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. We support data-driven partnerships with innovative cloud technology, customer-obsessed service and accessible experts so our customers can focus on what they do best. To date, more than 120,000 companies in retail, grocery, distribution, supply, and logistics have chosen SPS as their retail network. SPS has achieved 94 consecutive quarters of revenue growth and is headquartered in Minneapolis. For additional information, contact SPS at 866-245-8100 or visit http://www.spscommerce.com.

    SPS COMMERCE, SPS, SPS logo and INFINITE RETAIL POWER are marks of SPS Commerce, Inc. and registered in the U.S. Patent and Trademark Office, along with other SPS marks. Such marks may also be registered or otherwise protected in other countries. 

    Contact:

    Investor Relations
    The Blueshirt Group
    Irmina Blaszczyk
    Lisa Laukkanen
    SPSC@blueshirtgroup.com
    415-217-4962  

    SPS-F

    The MIL Network –

  • MIL-OSI: SECU Foundation Awards $760,000 in Capacity Building Grants to 19 North Carolina Non-Profits

    Source: GlobeNewswire (MIL-OSI)

    RALEIGH, N.C., Oct. 10, 2024 (GLOBE NEWSWIRE) — The SECU Foundation Board of Directors recently approved $760,000 in Mission Development Grants (MDGs) to benefit 19 North Carolina non-profits, each receiving $40,000. Funding for this cohort focused on technology education, support against domestic violence, housing and homelessness, child advocacy and youth services, healthcare services, and crisis intervention.

    MDG funding began eight years ago and has since become an integral part of the Foundation’s annual grantmaking process. The award-winning program has laid the groundwork for the Foundation to expand its criteria for two additional capacity building programs – Rural Opportunity and Disaster Response grants. These small dollar high-value grants are helping to strengthen the infrastructure and sustainability of non-profits that provide vital services to their communities, particularly in underserved and rural areas.

    “The MDG program has added a layer of depth to our funding strategy that is helping organizations with strategic planning efforts to hopefully achieve more than they thought possible,” said SECU Foundation Executive Director Jama Campbell. “The success of this program speaks to the critical need for this type of funding among non-profits, and we couldn’t be more pleased to be part of their journey and future success.”

    Grantees representing 19 North Carolina counties include:

    Several grantees shared thoughts on how the SECU Foundation funding will help support their organizations and advance their work:

    • Henderson County Free Medical Clinic Director Pauline Carpenter said, “The Mission Development Grant of $40,000 will significantly enhance our organizational capacity. This grant empowers us to expand our reach, strengthen our strategic planning, and bolster our fundraising and marketing efforts, ensuring the sustainability of our vital services to the community.”
    • Home of Refuge Outreach Inc. Executive Director Melissa Galloway said, “We are honored to receive a Mission Development Grant from SECU Foundation. Our mission is to ‘bridge the gap between the community and homelessness,’ and this grant will be instrumental in our expansion efforts, significantly enhancing our ability to implement strategies and achieve our goals. As we continue to pursue meaningful change in our community, this support will help us grow and strengthen our impact in addressing homelessness. We are deeply grateful for this partnership and the confidence it represents in our work.”
    • Janice Faye’s Ranch Founder Joy Canady said, “Through equine-assisted learning activities shared with kids in crisis and their families, horses are helping humans heal. The Mission Development Grant will allow Janice Faye’s Ranch to further its cause in transforming lives and allow expansion for serving kids and their families. Thank you for allowing this much-needed service to help our organization thrive and continue moving forward in Sampson County and the surrounding areas.”
    • Able to Serve Founding Executive Director Carlton McDaniel Jr. said, “Able to Serve is so thankful to SECU Foundation and its commitment to recognizing that people of all abilities need a place to thrive in our community. Their support helps provide growth opportunities for adults with disabilities through community building, service projects, and life skill development. This grant expedites our process of strengthening our development efforts through wisdom, training, and additional resources to grow strategically. These efforts will equip our organization to match the growing demand for more programs for adults with disabilities in our community.”

    About SECU and SECU Foundation

    A not-for-profit financial cooperative owned by its members, and federally insured by the National Credit Union Administration (NCUA), SECU has been providing employees of the state of North Carolina and their families with consumer financial services for 87 years. SECU is the second largest credit union in the United States with $56 billion in assets. It serves more than 2.8 million members through 275 branch offices, over 1,100 ATMs, Member Services Support via phone, http://www.ncsecu.org, and the SECU Mobile App. The SECU Foundation, a 501(c)(3) charitable organization funded by the contributions of SECU members, promotes local community development in North Carolina primarily through high-impact projects in the areas of housing, education, healthcare, and human services. Since 2004, SECU Foundation has made a collective financial commitment of over $300 million for initiatives to benefit North Carolinians statewide.

    Contact: Jama Campbell, Executive Director, secufoundation@ncsecu.org

    The MIL Network –

  • MIL-OSI: TrustCo to Release Third Quarter 2024 Results on October 21, 2024; Conference Call on October 22, 2024

    Source: GlobeNewswire (MIL-OSI)

    GLENVILLE, N.Y., Oct. 10, 2024 (GLOBE NEWSWIRE) — TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release third quarter 2024 results after the market close on October 21, 2024. Results are released on the 21st of the reporting months (January, April, July and October), or on the next day that equity markets are open if the 21st falls on a Friday, weekend or holiday. A conference call to discuss the results will be held at 9:00 a.m. Eastern Time on October 22, 2024. Those wishing to participate in the call may dial toll-free for the United States at 1-833-470-1428, and for Canada at 1-833-950-0062, Access code 034120.   A replay of the call will be available for thirty days by dialing toll-free for the United States at 1-866-813-9403, Access code 285814.

    The call will also be audio webcast at https://events.q4inc.com/attendee/854762065, and will be available for one year. The earnings press release will be posted on the Company’s Investor Relations website at: https://trustcobank.q4ir.com/corporate-overview/corporate-profile/default.aspx. Other information, including the Company’s most recent annual report, proxy statement and filings with the Securities and Exchange Commission can also be found at this website.

    TrustCo Bank Corp NY is a $6.1 billion savings and loan holding company and through its subsidiary, Trustco Bank, operates 138 offices in New York, New Jersey, Vermont, Massachusetts, and Florida. For more information, visit http://www.trustcobank.com.

    In addition, the Bank’s Wealth Management Department offers a full range of investment services, retirement planning and trust and estate administration services.

    The common shares of TrustCo are traded on The NASDAQ Global Select Market under the symbol TRST.

    Forward-Looking Statements

    All statements in this news release that are not historical are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future developments, results or periods. TrustCo wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made, and such forward-looking statements are subject to factors and uncertainties that could cause actual results to differ materially for TrustCo from the views, beliefs and projections expressed in such statements. Examples of these include, but are not limited to: volatility in financial markets and the soundness of other financial institutions; U.S. government shutdowns, credit rating downgrades, or failure to increase the debt ceiling; changes in interest rates; the effects of inflation and inflationary pressures and changes in monetary and fiscal policies and laws, including changes in the Federal funds target rate by, and interest rate policies of, the Federal Reserve Board; ongoing armed conflicts (including the Russia/Ukraine conflict and the conflict in Israel and surrounding areas); the risks and uncertainties under the heading “Risk Factors” in our most recent annual report on Form 10-K and, if any, in our subsequent quarterly reports on Form 10-Q; the other financial, operational and legal risks and uncertainties detailed from time to time in TrustCo’s cautionary statements contained in its filings with the Securities and Exchange Commission; and the effect of all of such items on our operations, liquidity and capital position, and on the financial condition of our borrowers and other customers. The forward-looking statements contained in this news release represent TrustCo management’s judgment as of the date of this news release. TrustCo disclaims, however, any intent or obligation to update forward-looking statements, either as a result of future developments, new information or otherwise, except as may be required by law.

    Subsidiary: Trustco Bank NASDAQ — TRST

    Contact:    Robert Leonard
    Executive Vice President
    (518) 381-3693
         

    The MIL Network –

  • MIL-OSI: One-Stop Trading Platform Trado Deploys on Flow EVM Mainnet

    Source: GlobeNewswire (MIL-OSI)

    Singapore, Oct. 10, 2024 (GLOBE NEWSWIRE) — One-Stop Trading Platform Trado announced today the successful deployment on Flow EVM mainnet. Being the premier exchange on Flow , Trado emphasizes security, efficiency, and user satisfaction. 

    Designed to process transactions rapidly, Trado reduces delays and enhances operational efficiency, creating a pleasant trading experience. By consistently innovating and prioritizing user needs, Trado establishes a new standard for seamless and secure crypto trading within the DeFi ecosystem.

    What is Trado?

    Trado is an on-chain platform dedicated to trading and liquidity management, currently offering both spot and perpetual trading. Trado is engineered to deliver an experience similar to centralized exchanges (CEX) within the decentralized finance (DeFi) ecosystem. With Trado’s robust security protocols, users can trade assets safely and seamlessly, ensuring a straightforward and hassle-free experience.

    About Trado Spot

    Trado Spot is embedded with iZUMi’s original Discretized-Liquidity-AMM model, provides users with a next-generation liquidity management technology to maximize capital efficiency by realizing Limit Order while maintaining 100% on-chain composability and self-custody.

    • Liquidity Farm

    Improve yields with Discretized Liquidity, eliminate rewards for idle liquidity, make liquidity farm in an efficient and lasting way

    • Limit Order

    Fully on-chain Limit Order function driven by DL-AMM, Trade at precise prices and no fee need to be paid

    About Trado Perpetual

    Trado Perpetual offers a powerful and flexible trading environment on the Flow blockchain, enabling users to engage in high-leverage derivatives trading. With dual trading modes — AMM and order book — Trado Perpetual provides options for different trading strategies, Trado Perpetual ensures a seamless trading experience that caters to both novice and experienced traders.

    The AMM system provides continuous liquidity for perpetual contracts, enabling fast and efficient trades with minimal slippage.

    • Order Book Mode

    The on-chain order book allows precise trading at specific prices, giving traders full control over their strategies while maintaining decentralization.

    Partnership with Flow Blockchain

    Trado partners closely with Flow to support its users by providing a highly efficient method of on-chain trading. Flow is a proof of stake blockchain designed to be the foundation of Web3 and the open metaverse, supporting consumer-scale decentralized applications, NFTs, DeFi, DAOs, PFP projects, and more. Powered by Cadence, an original programming language built specifically for digital assets, Flow empowers developers to innovate and push the limits that will bring the next billion to Web3.

    Disclaimer: 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.

    The MIL Network –

  • MIL-OSI: Nokia Corporation: Repurchase of own shares on 10.10.2024

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Stock Exchange Release
    10 October 2024 at 22:30 EET

    Nokia Corporation: Repurchase of own shares on 10.10.2024

    Espoo, Finland – On 10 October 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:

    Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*
    XHEL 1,175,833 4.07
    CEUX 783,381 4.06
    BATE – –
    AQEU – –
    TQEX – –
    Total 1,959,214 4.07

    * Rounded to two decimals

    On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program started on 20 March 2024. On 19 July 2024, Nokia decided to accelerate the share buybacks by increasing the number of shares to be repurchased during the year 2024. The post-increase repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 3 April 2024 started on 22 July 2024 and end by 31 December 2024 with a maximum aggregate purchase price of EUR 600 million for all purchases during 2024.

    Total cost of transactions executed on 10 October 2024 was EUR 7,966,948. After the disclosed transactions, Nokia Corporation holds 163,555,435 treasury shares.

    Details of transactions are included as an appendix to this announcement.

    On behalf of Nokia Corporation

    BofA Securities Europe SA

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Inquiries:

    Nokia Communications
    Phone: +358 10 448 4900
    Email: press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia Investor Relations
    Phone: +358 40 803 4080
    Email: investor.relations@nokia.com

    Attachment

    The MIL Network –

  • MIL-OSI: Check Point Software Recognized by Forbes for Fifth Consecutive Year as World’s Top Notch Cyber Security Employer

    Source: GlobeNewswire (MIL-OSI)

    REDWOOD CITY, Calif., Oct. 10, 2024 (GLOBE NEWSWIRE) — Check Point Software Technologies Ltd. (NASDAQ: CHKP), has been named as one of the World’s Best Employers by Forbes for the fifth year in a row. With over 6,500 employees around the world, Check Point is once again recognized as a leading cyber security employer by Forbes and was recently recognized as one of the World’s Best Companies by TIME.

    “Our employees are Check Point’s greatest asset in our mission to secure the world from cyber threats,” said Yiftah Yoffe, Chief HR Officer at Check Point Software. “We strive every day to create an inclusive and innovation-minded culture to support and encourage our employees. We are proud to be recognized for the fifth year by our employees and their peers for being the world’s top notch cyber security employer.”

    The ranking is the result of comprehensive research on employer quality conducted on a global scale in partnership with Statista. The analysis included a survey of more than 300,000 employees in over 50 countries who work for multinational corporations that employ more than 1,000 workers and operate in at least two of the six continental regions of the world. This led to millions of data points. Check Point was highly ranked in the list, earning spot #43 in the prestigious IT, Internet, Software & Services category and #613 in the full list of 850 organizations.

    Check Point takes its Environmental, Social, and Governance (ESG) responsibility seriously. The company recently released its 2023 ESG report: Security through Sustainability and Action, including its progress in achieving carbon neutrality by 2040, training people in cyber security skills for a safer digital world, dedication to diversity and inclusion, and philanthropy efforts.

    Follow Check Point via:
    LinkedIn: https://www.linkedin.com/company/check-point-software-technologies
    Twitter: https://www.twitter.com/checkpointsw
    Facebook: https://www.facebook.com/checkpointsoftware
    Blog: https://blog.checkpoint.com
    YouTube: https://www.youtube.com/user/CPGlobal

    About Check Point Software Technologies Ltd. 
    Check Point Software Technologies Ltd. (http://www.checkpoint.com) is a leading AI-powered, cloud-delivered cyber security platform provider protecting over 100,000 organizations worldwide. Check Point leverages the power of AI everywhere to enhance cyber security efficiency and accuracy through its Infinity Platform, with industry-leading catch rates enabling proactive threat anticipation and smarter, faster response times. The comprehensive platform includes cloud-delivered technologies consisting of Check Point Harmony to secure the workspace, Check Point CloudGuard to secure the cloud, Check Point Quantum to secure the network, and Check Point Infinity Platform Services for collaborative security operations and services.

    MEDIA CONTACT:
    Liz Wu
    Check Point Software Technologies
    press@checkpoint.com

    INVESTOR CONTACT:
    Kip E. Meintzer
    Check Point Software Technologies
    ir@checkpoint.com

    The MIL Network –

  • MIL-OSI: Awilco Drilling Plc: Timeline for issuing of new Sponsored Norwegian Depository Receipts

    Source: GlobeNewswire (MIL-OSI)

    Further to the stock exchange release of 1 October from Awilco Drilling PLC (“Awilco Drilling”) regarding the exercising of 10,136,819 warrants the Company confirms that, as per the Warrant Deed dated 30 June 20203, warrants holders will receive an allocation of one Sponsored Norwegian Depository Receipt (SNDR) at a subscription price of NOK 1 per warrant exercised.

    Each warrant holder who exercised his/her warrants correctly before end of business on 27 September 2024 will shortly receive an allocation letter with payment details. Payment falls due on 15 October to an escrow account in the name of Awilco Drilling PLC. The new SNDRs will be delivered when the share capital increase has been registered, expected on or about 18 October 2024.

    Aberdeen, 10 October 2024

    For further information please contact:

    Eric Jacobs, CEO of Awilco Drilling PLC
    Phone: +47 9529 2271

    Cathrine Haavind, Investor Relations of Awilco Drilling PLC
    Phone: +47 9342 8464
    Email: ch@awilcodrilling.com

    This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

    The MIL Network –

  • MIL-OSI: Abraxas Power Corp and Exploits Valley Renewable Energy Corporation Announce Strategic Master Lease Option Agreement for the Port of Botwood

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 10, 2024 (GLOBE NEWSWIRE) — Abraxas Power Corp. (“Abraxas”), a leading energy transition developer, and its subsidiary Exploits Valley Renewable Energy Corporation (“EVREC”), are pleased to announce the signing of a Master Lease Option Agreement (the “Agreement”) with Exploits Marine and Logistics Inc. and Exploits Valley Port Corporation for use of the Port of Botwood in EVREC’s green hydrogen and ammonia project in central Newfoundland.

    The Agreement, which spans a term of thirty years, will facilitate EVREC’s green hydrogen and ammonia production and operations related to the transmission and loading of green ammonia onto marine transport vessels for shipment to Europe and other global markets. The Agreement includes extension terms that allow EVREC to extend the lease for additional five-year terms.

    “This Agreement marks another major milestone in the development of our project and is a pivotal step towards building out the key infrastructure as the project continues through the development phase,” said Dean Comand, President and COO of Abraxas Power. “We are excited to collaborate with Exploits Marine and the Port Corporation to create a state-of-the-art facility that will not only enhance our operational capacity but also contribute to global sustainable energy goals.”

    The parties have also signed a five-year Construction Lease Option Agreement to facilitate the necessary activities that will lead up to commercial operation of the project.

    Scott Sceviour, Chair of the Exploits Valley Port Corporation added “Our partnership with EVREC is a testament to our shared vision of fostering innovation in the renewable energy sector and re-energizing our community’s economic outlook by providing shared infrastructure for other developments expected within the region. We are dedicated to collaborating on the infrastructure necessary for their success and to promoting environmentally responsible practices in our community.”

    Botwood Mayor James Sceviour added “We are pleased to continue working with EVREC on such an important and significant project for central Newfoundland. Investments at the local level not only fuel the global transition to sustainable energy but also ignites economic growth for other developments, creates jobs, and fosters resilience in our communities.”

    About Abraxas Power:

    Abraxas Power is a pioneering energy transition developer focused on decarbonizing hard-to-abate sectors and creating value by solving the current and future challenges of the energy transition. Abraxas Power’s broad mandate allows it to see opportunities across technologies and geographies to transform the global energy industry. Our team has extensive experience in leading, financing, and solving the challenges associated with energy transition, and a proven track record of delivering complex, large-scale development projects across various disciplines, including renewable power and storage, hydrogen and ammonia production, industrial and precious metals, large-scale project construction, and operations at scale. The team possesses strong project finance and capital markets experience and has a history of creating value for shareholders, stakeholders, and the communities they live in. Abraxas has signed strategic partnerships with various global strategics and technology providers.

    Abraxas has secured over US$9 billion in capital projects through competitive government awards over the past year in furtherance of the energy transition, including our marquis Exploits Valley Renewable Energy Corporation (“EVREC”) project.

    To learn more, visit http://www.abraxaspower.com 

    The MIL Network –