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Category: KB

  • MIL-OSI China: Xi calls for accelerating progress in China’s space endeavors

    Source: China State Council Information Office 2

    Chinese President Xi Jinping on Monday encouraged personnel in China’s space industry to continue to work hard and accelerate progress in space endeavors.
    Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, met with the representatives of space scientists and engineers who participated in the research and development in the Chang’e-6 lunar mission at the Great Hall of the People in Beijing. 

    MIL OSI China News –

    September 29, 2024

  • MIL-OSI China: China sees rising urbanization rate over past 75 years

    Source: China State Council Information Office 2

    China’s urbanization rate, which measures the ratio of permanent urban residents relative to the total population, rose by 55.52 percentage points from the end of 1949 to 66.16 percent by the end of 2023, data from the National Bureau of Statistics (NBS) showed Monday.
    Over the past 75 years since the founding of the People’s Republic of China, the country has undergone the largest and fastest urbanization process in world history, the NBS said in a report.
    There were just 129 cities in China at the end of 1949, with a combined population of 39.49 million. The number of cities reached 694 at the end of 2023, while prefecture-level and larger cities were home to 673.13 million people. Among them, there were 29 cities each with a population exceeding 5 million and 11 cities each with a population of over 10 million.
    Remarkably, China’s less-developed western region is rising, representing a more balanced urbanization process. Among the 11 prefecture-level cities that have been added since 2011, nine of them are located in the western region.
    As urbanization advances, China has lifted almost all limits on household registration in cities each with less than 3 million permanent residents, making it more convenient for those from rural areas to permanently settle down in cities.

    MIL OSI China News –

    September 29, 2024

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

    Source: GlobeNewswire (MIL-OSI)

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

    Crypto Prop Firm Focused on Experienced Crypto Traders

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

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

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

    Self-Funded and Community-Driven

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

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

    Shariah-Compliant Trading for Muslim Traders 

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

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

    What Is HyroTrader?

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

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

    A Strong, Experienced Team

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

    Inspired by the Success of Forex Prop Trading Firms

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

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

    About HyroTrader: Positioned for Long-Term Success

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

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

    For more information, visit HyroTrader’s website.

    The MIL Network –

    September 29, 2024

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

    Source: GlobeNewswire (MIL-OSI)

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

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

    Strengthening its Presence in Türkiye

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

    Demonstrating Commitment to the Turkish Market

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

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

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

    Quote from Kutluhan Akçın, Country Manager of Bybit Türkiye:

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

    About Bybit Türkiye

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

    Twitter: https://x.com/BybitTurkiye

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

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

    Contact

    Head of PR

    Tony Au

    Bybit

    tony.au@bybit.com

    The MIL Network –

    September 29, 2024

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

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

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

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

    Vested
    Providentbank@fullyvested.com

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

    The MIL Network –

    September 29, 2024

  • MIL-OSI United Kingdom: St Albans Feastival: thousands turn up for City Centre street party despite downpours

    Source: St Albans City and District

    Publication date: 23 Sep 2024

    Thousands of people braved challenging weather to enjoy a six-hour-long street party that celebrated the District’s food and drink businesses.

    They refused to let occasional showers spoil the fun at the St Albans Feastival, a family-friendly event organised by St Albans City and District Council with the support of partners.

    St Peter’s Street was closed to traffic for the event on Sunday 22 September which was kicked off by the Mayor, Councillor Jamie Day, with the help of Deputy Mayor, Cllr Jenni Murray, and the Rev Mark Dearnley of St Peter’s Church

    Among the many attractions were around 100 market stalls offering an astonishing variety of food and drink products from local businesses.

    There was also a live cookery theatre, sponsored by SA Law, featuring displays of culinary skills by local chefs.

    Live music was provided on a stage, sponsored by St Albans City Centre BID. There were many free interactive activities including edible flower growing, traditional wooden games, crazy golf and a football shoot-out.

    To make the event accessible, British Sign Language interpreters were at the cookery stage and other locations to help communicate activities. There were accessible viewing zones, reserved seating for those less able to stand and accessible toilets. 

    Chris Traill, the Council’s Strategic Director for Community and Place Delivery, said:

    Congratulations to all those who were not put off by the weather and turned up in their thousands. I’m sure they will agree that it was worth it.

    The rain, which unfortunately was torrential at one point, didn’t dampen their spirits and the crowds created the Feastival’s usual thrilling atmosphere.

    Our events team anticipated the conditions and had arranged for many of the activities to be sheltered by gazebos.

    As a Council, we are committed to making events accessible to all and measures were taken to ensure that was very much the case.

    The District’s hospitality businesses are vital to the local economy and it was heartening to see so many people out there sampling many of their products.

    Vivien Cannon, BID Manager, said:

    Rain didn’t stop play. Well done to all the stall holders and event delivery team ensuring visitors were welcomed to yet another successful Feastival event.

    Marilyn Bell, Partner and Head of Family at SA Law, said:

    The St Albans Food and Drink Festival is a highlight for the SA Law team every year.

    Despite the unfortunate downpour yesterday, the event was well organised, well-attended, and a delight to be a part of. It was great to see a wide range of food being offered, activities for all ages, as well as a great turnout at the Cookery Theatre where local chefs gave live demonstrations of their excellent recipes. 

    We are proud to support the Council and the wonderful community events they put on.

    The event is part funded by the Government’s UK Prosperity Fund which awarded the District’s community events team £210,000 over three years.

    Photos: scenes from the 2024 St Albans Feastival by Stephanie Belton including, first below, Cllr Jamie Day, Mayor of St Albans City and District, centre, with Cllr Jenni Murray, Deputy Mayor, and the Rev Mark Dearnley.

    Media contact: John McJannet, Principal Communications Officer: 01727 819533, john.mcjannet@stalbans.gov.uk.

    Note to Editors: 

    The UK Shared Prosperity Fund provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK, investing in communities and place, supporting local business, and people and skills. For more information, visit https://www.gov.uk/government/publications/uk-shared-prosperity-fund-prospectus

    .

    MIL OSI United Kingdom –

    September 29, 2024

  • MIL-OSI United Kingdom: Chancellor unveils package to deliver on promises of new government

    Source: United Kingdom – Government Statements

    The Chancellor has today unveiled a package of measures to deliver on the agenda of the new government.

    • 750 schools with primary aged pupils funded for breakfast club pilot to run from April 2025
    • New Industrial Strategy to be published in spring
    • Decision to write off over £640 million in written off Covid PPE contracts reversed
    • HMRC to consult on e-invoicing for businesses and government departments

    The Chancellor has today unveiled a package of measures to deliver on the agenda of the new government including a breakfast club pilot for 750 schools with primary aged pupils, new powers for the Covid Corruption Commissioner, e-invoicing to support business and the next steps on the government’s industrial strategy.

    School Breakfast Club Pilot

    The Chancellor announced that up to 750 schools with primary aged pupils will be invited to take part in a £7 million breakfast club pilot. The funding will allow these schools to run free breakfast clubs for their pupils in the summer term (April-July 2025).

    The Department for Education will work with the schools selected as part of the pilot to understand how breakfast clubs can be delivered to meet the needs of schools, parents and pupils when the programme is rolled out nationally.

    This will help reduce the number of students at schools with primary aged pupils starting the school day hungry and ensure children come to school ready to learn. It will also support the government’s aim to tackle child poverty by addressing rising food insecurity among children.

    Covid Corruption Commissioner

    Reeves also announced a block on any Covid-era PPE contract being abandoned or waived until it has been assessed by the new Covid Corruption Commissioner, whom will be appointed in October. 

    The decision will affect £647 million of Covid PPE contracts where contract recovery was previously earmarked to be waived. 

    It follows action already in motion to cut government waste and curb unnecessary spending. In her statement to Parliament in July, the Chancellor pledged to halve government consultancy spend from 2025-26, with savings targets of £550 million this financial year and a further £680 million in the next already announced.

    Excessive use of ministerial travel by aeroplane and helicopter is also being cutdown, with a contract for a VIP helicopter previously cancelled.

    Industrial Strategy

    The Chancellor also today announced that the Industrial Strategy will be at the heart of the government’s mission to grow the economy, unlock investment and make every part of the country better off. It will focus on delivering long-term change to the economy by making Britain a clean energy superpower and accelerating to net zero, breaking down barriers to regional growth, and building a secure and resilient economy.

    A green paper will be published around Budget in October outlining the long-term sectoral growth and priority industries of the government, ahead of the final strategy published in the spring of 2025 following a consultation with business.

    HMRC package

    Chancellor Reeves also outlined a package of reforms to improve the UK’s tax system to help fix the foundations of the UK economy.

    As part of the package, HMRC will soon launch a consultation on electronic invoicing (e-invoicing) to promote its wider use across UK businesses and government departments.

    The introduction of e-invoicing can significantly reduce administrative tasks, improve cash flow, boost productivity, introduce automation, and reduce errors in tax returns – all helping to close the tax gap. The consultation will gather input from businesses on how HMRC can support investment in and encourage e-invoicing uptake.

    The Chancellor also announced that Exchequer Secretary to the Treasury James Murray, the minister responsible for the UK’s tax system, has become the Chair of the HMRC Board. This is to help oversee the implementation of his three strategic priorities for HMRC; closing the tax gap, modernising and reforming, and improving customer service.

    It was also announced that a new Digital Transformation Roadmap, aimed to be published in Spring 2025, will set out HMRC’s vision to be a digital first organisation underpinned by customer insight. The Roadmap will include measures to ensure digital inclusion and support for customers who cannot yet interact digitally.

    There was a further update that new staff are expected to join HMRC’s training programme in November as 200 additional offer letters have been issued as part of the 450 letters already sent. This is part of HMRC’s plans to recruit an additional 5,000 compliance staff to help close the tax gap.

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    Updates to this page

    Published 23 September 2024

    MIL OSI United Kingdom –

    September 29, 2024

  • MIL-OSI Africa: Chikunga hopeful of Women’s Forum recognition 

    Source: South Africa News Agency

    Minister in the Presidency for Women, Youth and Persons with Disabilities, Sindisiwe Chikunga, says she is confident that the BRICS Women’s Forum will be recognised at this year’s Kazan Summit Declaration, scheduled to take place next month.

    Chikunga made the remark as Russia prepares to host the BRICS Summit to be held in Kazan, from 22 to 24 October, after the country assumes the BRICS chairmanship in 2024.

    This as the Minister led the discussions at the BRICS Women Affairs meeting held in Saint Petersburg, Russia.

    READ | Chikunga arrives in Russia for BRICS Women Affairs Meeting

    The meeting saw BRICS Member States discussing cooperation prospects in the fields of women’s leadership and enhancing the role of women in finance, agriculture, innovation, healthcare, creative industries, tourism, environmental safety, and the inclusive economy.

    Speaking at the BRICS Women’s Forum, which included the BRICS Ministerial Women’s Affairs Meeting on Friday, Chikunga congratulated the Russian Federation on assuming the Chairship of BRICS 2024, and the sterling work that it has undertaken to date.

    “As you are aware, this forum of Ministers was first initiated in 2023 during South Africa’s Chairship of BRICS. It is indeed encouraging to witness its growth under the stewardship of the Russian Federation’s 2024 Chairship, and it will undoubtedly flourish under the future Chairship of fellow BRICS member states.

    “We applaud Russia’s choice of the theme ‘Women, Governance, and Leadership’ as a timely intervention that ensures this forum continues to amplify the voices, interests, and full representation of women across BRICS member states, promoting their meaningful participation at all levels of governance and decision-making.”

    Chikunga also reflected on some of the key points that emerged during hybrid BRICS Ministers for Women Affairs held in December 2023, where the forum was recognised as a fundamental platform to elevate equality, women’s rights, economic autonomy, and empowerment; and to address major concerns related to women across the BRICS countries.

    The forum also promotes mainstreaming of women’s issues across BRICS’ processes, priority areas, declarations and agreements; and provides a platform for the exchange of knowledge and best practices in advancing the current and future wellbeing of women and girls across BRICS.

    “Our meeting recognised the tremendous progress that successive BRICS summits have produced in the areas of global governance, development, peace and security, energy, climate change, and social issues. We noted, however, that discussions in these areas would be further enriched by a ministerial meeting dedicated to women affairs.

    “There was consensus on the potential of this forum to accelerate the implementation of existing commitments, principles, goals, and actions outlined in various international instruments on women. These include the Beijing Platform for Action (1995), the Convention on the Elimination of All Forms of Discrimination Against Women (CEDAW – 1979), UN Resolution 1325 (2000) on Women, Peace, and Security, as well as the UN [United Nations] Agenda 2030 and its 17 Sustainable Development Goals (SDGs),” Chikunga explained.

    The meeting further agreed to support the acceleration of the implementation of the African Union Agenda 2063, with a particular focus on Aspiration 6, which promotes women’s empowerment.

    Asserting women’s interests

    The Ministers also highlighted the need to assert women’s interests across the broader BRICS agenda, strengthen multilateralism, and synergise with the work of the BRICS Business Women’s Alliance to accelerate the mainstreaming of socio-economic priorities for greater inclusivity and equity.

    “We acknowledge that this goal will be further enriched when we leverage our collective strength as the Global South, alongside robust people-to-people exchanges and cooperation within BRICS nations and across the African continent.

    “A key highlight of the Johannesburg II Declaration was the recognition of the vital role of women and youth in trade and their potential to act as catalysts for industrialisation, infrastructure development, food security, agricultural modernization, sustainable growth, healthcare, and addressing climate change,” she said.

    The Johannesburg II Declaration is a document that encapsulates significant BRICS viewpoints on matters of global economic, financial and political significance.

    READ | BRICS adopts Johannesburg II Declaration

    – SAnews.gov.za

    MIL OSI Africa –

    September 29, 2024

  • MIL-OSI Asia-Pac: SJ starts ASEAN visit in Brunei

    Source: Hong Kong Information Services

    Secretary for Justice Paul Lam started his visit programme to three countries of the Association of Southeast Asian Nations (ASEAN) today by visiting government officials and engaging with the legal and dispute resolution sectors.

    Mr Lam arrived in Bandar Seri Begawan, Brunei, yesterday.

    He had lunch with Supreme Court Chief Justice of Brunei Darussalam Dato Seri Paduka Steven Chong Wan Oon, to exchange views on further co-operation opportunities for facilitating development of the dispute avoidance and resolution services in Brunei and Hong Kong, pursuant to the memorandum of co-operation signed by the Department of Justice and Brunei Darussalam’s Supreme Court last year.

    In the afternoon, Mr Lam attended a meeting with Brunei Darussalam’s Attorney General Datin Paduka Dayang Hajah Nor Hashimah binti Haji Mohammed Taib.

    He then met President of the Law Society of Brunei Darussalam Nur ‘Azizah Ahmad, to explore opportunities to foster legal collaboration and other exchange activities for the legal professions of the two places.

    This was followed by a meeting with Brunei Darussalam’s Arbitration Centre Chairperson Radin Safiee bin Radin Mas Basiuni, to gain a better understanding of the dispute resolution services provided there and discuss potential co-operation between the two sides.

    Mr Lam also visited the Royal Regalia Museum to learn more about the history and development of Brunei, and viewed its newest museum Balai Khazanah Islam Sultan Haji Hassanal Bolkiah for an insight into the rich Islamic heritage and culture. Mr Lam will also visit the Sultan Omar Ali Saifuddien mosque.

    The justice chief will depart for Ho Chi Minh City, Vietnam, tomorrow morning to continue his visit to the ASEAN countries.

    MIL OSI Asia Pacific News –

    September 29, 2024

  • MIL-OSI China: Chinese vice premier to attend opening ceremony of 21st China-ASEAN Expo

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

    BEIJING, Sept. 23 — Ding Xuexiang, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and Chinese Vice Premier, will attend and address the opening ceremony of the 21st China-ASEAN Expo and the China-ASEAN Business and Investment Summit in Nanning, south China’s Guangxi Zhuang Autonomous Region, on Sept. 24, Chinese foreign ministry spokesperson Lin Jian announced here on Monday.

    Malaysia’s Prime Minister Anwar Ibrahim will deliver a video address, and foreign leaders and senior officials, including Deputy Prime Minister and Minister in charge of the Office of the Council of Ministers of Cambodia Vongsey Vissoth, Deputy Prime Minister of Laos Kikeo Khaykhamphithoune, and Deputy Prime Minister and Minister of Finance of Vietnam Ho Duc Phoc, as well as Secretary-General of ASEAN Kao Kim Hourn will attend the opening ceremony, Lin added.

    MIL OSI China News –

    September 29, 2024

  • MIL-OSI China: China makes notable progress via equipment, consumer goods renewal program: official

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

    China makes notable progress via equipment, consumer goods renewal program: official

    BEIJING, Sept. 23 — China has made noteworthy progress in promoting large-scale equipment upgrades and consumer goods trade-ins this year, an official said on Monday.

    China unveiled an action plan to implement the renewal program in March 2024 in an effort to expand domestic demand and shore up the economy, and stepped up policy support in July with an extra funds injection of 300 billion yuan (about 42.53 billion U.S. dollars) via ultra-long special treasury bonds.

    Zhao Chenxin, deputy head of the National Development and Reform Commission, cited a string of positive results achieved by the program, highlighting increased equipment manufacturing investment and robust sales of automobiles and home appliances, when addressing a press conference on Monday.

    In the first eight months of 2024, China’s investment in equipment and tool purchases had increased by 16.8 percent year on year — well above the 3.4 percent increase in total fixed-asset investment.

    Retail sales of passenger vehicles in August rose by 10.8 percent compared with the previous month, while new energy vehicle (NEVs) sales increased by 17 percent month on month in August. The market share of NEVs remained above 50 percent for a second consecutive month. Sales of home appliances and audio and video products returned to growth last month, up 3.4 percent year on year.

    Thanks to the renewal program, many enterprises are optimistic about the prospects of sectors related to equipment and consumer goods, leading to brisk investment, Zhao said.

    The program, riding on the great potential of green and digital transition, will provide more impetus to economic sustainability and transformation efforts, Zhao added.

    China’s drive to promote equipment upgrades covers a wide range of areas including industrial equipment, environmental infrastructure, operating vessels, new energy buses and agricultural machinery, while consumer goods trade-ins involve products ranging from automobiles to home appliances and electric bicycles.

    MIL OSI China News –

    September 29, 2024

  • MIL-OSI USA: Decline in natural gas price drove decrease in U.S. oil producer revenue in early 2024

    Source: US Energy Information Administration

    In-brief analysis

    September 23, 2024

    Data source: Evaluate Energy

    Financial results for 36 publicly traded U.S. oil exploration and production (E&P) companies show that cash from operations in the first quarter of 2024 has decreased in real terms from the first quarter of 2023 due to lower natural gas prices.

    Production expenses, which can also affect cash from operations, have stabilized after supply chain issues that caused increased costs appear to be largely resolved. Capital expenditures, which represent investment in oil and natural gas production, were flat over the same period.

    In the first quarter of 2024, lower crude oil and natural gas prices helped reduce cash from operations by 12% compared with the first quarter of 2023, to $23.3 billion. Although West Texas Intermediate crude oil prices declined 2% over this period, U.S. crude oil production by these companies increased 5% to nearly 4.2 million barrels per day (b/d).

    Relatively large production cuts by OPEC+ have supported crude oil prices and spurred production among non-OPEC+ sources, including U.S. producers. Increased production would normally result in more cash from operations, but substantially lower natural gas prices likely hampered revenue for these companies.

    Natural gas prices fell 26% from the first quarter of 2023 to the first quarter of 2024 and reached their lowest average monthly inflation-adjusted price since at least 1997. Although the companies in this analysis focus on crude oil production, natural gas still typically makes up around 30% of what they produce because of associated natural gas present in crude oil deposits and more diversified operations by some of the E&P companies in the group.

    Data source: Bloomberg L.P.
    Note: WTI=West Texas Intermediate, 1Q19=first quarter of 2019, 1Q24=first quarter of 2024

    Production expenses—such as the cost of goods sold, operating expenses, and production taxes—increased substantially per barrel of oil equivalent (BOE) in 2021 and 2022 as supply chain issues caused material and labor costs to more than double from the 2019 average. Production expenses have since declined, decreasing 40% between the second quarter of 2023 and the recent high in the second quarter of 2022.

    Production expenses have been relatively flat since the second quarter of 2023, averaging $26/BOE. In addition to supply chain improvements, improved drilling productivity and increasing takeaway capacity in the Permian region have also reduced production expenses on a BOE basis.

    Data source: Evaluate Energy
    Note: 1Q19=first quarter of 2019, 1Q24=first quarter of 2024

    We base our analysis on the published financial reports of 36 publicly traded oil companies that produce most of their crude oil in the United States. As a result, our observations do not represent the entire sector because we exclude private companies, which do not publish financial reports. The included 36 publicly traded companies accounted for 32% of the crude oil produced in the United States in the first quarter of 2024, or about 4.2 million barrels per day.

    Principal contributor: Alexander de Keyserling

    MIL OSI USA News –

    September 29, 2024

  • MIL-OSI China: Xi congratulates Dissanayake on assuming presidency of Sri Lanka

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

    BEIJING, Sept. 23 — Chinese President Xi Jinping on Monday sent a message to Anura Kumara Dissanayake to congratulate him on his inauguration as president of the Democratic Socialist Republic of Sri Lanka.

    Xi hailed China and Sri Lanka as traditional friendly neighbors, saying that since the establishment of diplomatic ties 67 years ago, China and Sri Lanka have always understood and supported each other, setting a good example of friendly coexistence and mutually beneficial cooperation between countries of different sizes.

    Xi said that he prizes the development of China-Sri Lanka relations, and stands ready to work with President Dissanayake to carry forward the traditional friendship, and enhance political mutual trust.

    He also pledged to work with the Sri Lankan leader to facilitate more fruitful high-quality Belt and Road cooperation, and make steady and long-term progress of China-Sri Lanka strategic cooperative partnership featuring sincere mutual assistance and ever-lasting friendship so as to better benefit the people of the two countries.

    MIL OSI China News –

    September 29, 2024

  • MIL-OSI Asia-Pac: Clinical trial hub set for Q4

    Source: Hong Kong Information Services

    The University of Hong Kong’s LKS Faculty of Medicine is designated to operate the Greater Bay Area International Clinical Trial Institute (GBAICTI) due to come into full operation in the fourth quarter, the Health Bureau announced today.

    The institute is expected to operate fully at the Central Government-Aided Emergency Hospital in the Hetao area upon completion of the construction of its temporary office and biobank therein.  

    The institute will be moved into one of the wet laboratory-enabled buildings, which is expected to complete construction later in the Hong Kong-Shenzhen Innovation & Technology Park, with a view to enhancing Hong Kong’s innovation and technology ecosystem in a proactive manner.

    The Chief Executive put forward in the Policy Address last October the establishment of the GBAICTI in the Hong Kong Park of the Hetao Shenzhen-Hong Kong Science & Technology Innovation Co-operation Zone, or the Hong Kong-Shenzhen Innovation & Technology Park.

    The bureau established the GBAICTI Limited in the second quarter of this year and designated the University of Hong Kong’s LKS Faculty of Medicine through an open tender process in the third quarter to operate the institute.

    The GBAICTI Limited is wholly owned by the Government to oversee the work of the operator and effectively supervise the operations of the institute.

    The bureau said clinical trials are an important process in translating basic research on drug and medical device innovation into marketing authorisation and clinical application.

    The GBAICTI will serve as a one-stop clinical trial support platform to co-ordinate and integrate clinical trial resources in Hong Kong’s public and private sectors, including universities, the Hospital Authority and private healthcare facilities, to give impetus to the development of clinical trials on all fronts.

    Secretary for Health Prof Lo Chung-mau said the establishment of the GBAICTI in the strategic location of the Hetao area can combine the strengths of Hong Kong and the Greater Bay Area (GBA) to provide more efficient services to multinational pharmaceutical enterprises, Mainland innovative biopharmaceutical enterprises, hospitals and research institutions.

    It can also encourage them to conduct clinical trials in Hong Kong and the GBA, thereby expediting the translation of research results.

    This is made possible as the GBAICTI can leverage the Hetao area’s development positioning for technology innovation and institutional innovation, as well as the related cross-boundary facilitation measures, Prof Lo explained.

    “We hope that this will attract more pharmaceutical and medical device enterprises within and outside Hong Kong to conduct clinical trials in Hong Kong to further enhance the city’s capacity, recognition and status in terms of clinical trials and support a progressive transition to a primary evaluation approach for drug registration in Hong Kong.”

    The GBAICTI in the Hong Kong Park and the Greater Bay Area International Clinical Trial Centre in the Shenzhen Park of the Hetao co-operation zone will join forces to synergise the development of clinical trials, and drive co-operation among the clinical trial networks of the Hong Kong Special Administrative Region and the Mainland, in particular the GBA.

    The two parks will also co-ordinate clinical trial work of both places to comply with national and international standards.

    MIL OSI Asia Pacific News –

    September 29, 2024

  • MIL-OSI Translation: Beat Jans in Luxembourg for the meeting of justice ministers of German-speaking countries

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Switzerland – Department of Foreign Affairs in French

    Federal Department of Justice and Police

    Bern, 23.09.2024 – Federal Councillor Beat Jans took part in the meeting of justice ministers of German-speaking countries in Luxembourg on 22 and 23 September 2024. The traditional meeting covered current issues such as the digitalisation of justice, the challenges of juvenile criminal law and experiences with the recognition of a third gender. On this occasion, Federal Councillor Beat Jans emphasised the importance of an efficient and accessible justice system that is in line with societal developments.

    The justice ministers noted that all participating countries are currently working on digitalising their judicial systems in order to improve access to courts, but also to reduce the administrative burden.

    Legislative work is also underway in Switzerland to modernise justice and make it even more efficient. This digital transition will also facilitate access to the courts, in particular through the electronic communication of judicial documents. The digitalisation of justice also represents a societal challenge: not all citizens have the necessary tools to benefit from the advantages of digital technology. Justice must therefore remain accessible through ordinary channels for these people.

    Juvenile criminal law and youth protection were also on the agenda for discussion. Swiss juvenile criminal law is an example of effectiveness: in Switzerland, the adult recidivism rate of previously convicted minors is 31%, a relatively low figure in international comparison. Discussions also focused on guardianship law, more specifically in connection with the implementation of the Convention on the Rights of Persons with Disabilities. One of the issues to be resolved in the context of the work currently underway in Switzerland concerns the repeal of general guardianship.

    The justice ministers also discussed the recognition of a third gender. Germany and Austria have already adopted regulations to this effect. In Switzerland, various measures are being considered to improve the situation of non-binary people. A reform in force since 2022 also allows transgender people to change their gender indication in the civil status register simply and free of charge.

    The traditional meeting of German-speaking justice ministers took place this year in Luxembourg at the invitation of Luxembourg’s Minister of Justice Elisabeth Margue. In addition to Federal Councillor Beat Jans, the working visit brought together Liechtenstein’s Minister of Justice Graziella Marok-Wachter, German State Secretary for Justice Angelika Schlunck and representatives of the Austrian Ministry of Justice.

    Address for sending questions

    DFJP communications department, info@gs-ejpd.admin.ch, T 41 58 462 18 18

    Author

    Federal Department of Justice and Policehttp://www.ejpd.admin.ch

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

    September 29, 2024

  • MIL-OSI China: China adds over 30,000 rural place names to protection lists under geographic naming project

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

    China adds over 30,000 rural place names to protection lists under geographic naming project

    BEIJING, Sept. 23 — More than 30,000 old rural place names have been added to China’s protection lists since a rural geographic naming project was launched last year, a senior official of the Ministry of Civil Affairs (MCA) said Monday.

    Tang Chengpei, vice minister of civil affairs, said at a press conference that the project, which collects rural place names and inputs them into maps, aimed to improve geographic naming and cultural protection in rural areas.

    As of August this year, the government had standardized the naming of 430,000 locations, installed 330,000 place name signs, and placed 14.42 million building and door plaques in rural areas under the project, Tang said.

    He added that as the project was promoted, more nameless rural places and places with multiple names had obtained their own standardized names.

    The government has also provided guides for online map services to present correct and consistent rural place names, which has facilitated backpacking and road trips in rural areas as well as the delivery of both parcels into villages and rural goods to urban areas, Tang said.

    Benefiting from the naming project, many places have created a range of geographic brands of agricultural products, and rural place naming has been integrated with the development of rural e-commerce and agricultural tourism, he added.

    The MCA announced the launch of the rural place naming project as a measure to advance rural revitalization in May 2023.

    MIL OSI China News –

    September 29, 2024

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

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

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

    Development Tools

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

    Pricing and Availability

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

    Resources

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

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

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

    The MIL Network –

    September 29, 2024

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

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

    About Odysight.ai

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

    Forward-Looking Statements

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

    Company Contact:

    Einav Brenner, CFO
    info@odysight.ai

    Investor Relations Contact:

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

    The MIL Network –

    September 29, 2024

  • MIL-OSI Translation: Minister Joly and Parliamentary Secretary Oliphant to Participate in United Nations General Assembly High-Level Week

    MIL OSI Translation. Canadian French to English –

    Source: Government of Canada – in French

    The Honourable Mélanie Joly, Minister of Foreign Affairs, today announced that she will be part of the Canadian delegation, alongside Prime Minister Justin Trudeau, to the 79th session of the United Nations General Assembly (UNGA) High-Level Week in New York. Rob Oliphant, Parliamentary Secretary to the Minister of Foreign Affairs, will also travel to New York as part of the Canadian delegation.

    September 23, 2024 – Ottawa, Ontario – Global Affairs Canada

    The Honourable Mélanie Joly, Minister of Foreign Affairs, today announced that she will join Prime Minister Justin Trudeau as part of the Canadian delegation to the 79th session of the United Nations General Assembly (UNGA) High-Level Week in New York. Rob Oliphant, Parliamentary Secretary to the Minister of Foreign Affairs, will also travel to New York as part of the Canadian delegation.

    During the 79th session of the General Assembly, Minister Joly will co-chair a high-level panel discussion on press freedom and present the 2024 Canada–United Kingdom Press Freedom Award, along with the United Kingdom’s Parliamentary Under-Secretary of State for Foreign, Commonwealth and Development Affairs, Lord Collins of Highbury. This event demonstrates Canada’s enduring commitment to supporting free and independent journalism.

    Minister Joly will also participate in a meeting of the leaders of the United Nations Ad Hoc Advisory Group on Haiti, co-chaired by Prime Minister Justin Trudeau and the Prime Minister of Haiti, Garry Conille. The meeting will focus on the urgent need for solutions that are being put forward by the Haitian people in response to the current crisis in the country. This event will also provide a unique opportunity to mobilize international support for the Haitian government’s priorities for the transition.

    The Minister will also co-host another high-level event with representatives from Ukraine and Estonia, which will highlight the urgent need to restore children’s rights around the world and improve child protection, including by addressing the illegal deportation and forcible transfer of Ukrainian children to Russia. The Minister will highlight Canada’s ongoing efforts to support the repatriation of Ukrainian children and Canada’s steadfast support for Ukraine’s sovereignty in the face of Russian aggression.

    Minister Joly will deliver Canada’s national statement to the General Assembly, during which she will highlight Canada’s unwavering commitment to promoting multilateral cooperation, human rights, democracy and the rule of law.

    While in New York, Minister Joly will participate in a series of events aimed at advancing gender equality and promoting women’s equal and meaningful participation in decision-making, including an event on the sidelines of the UNGA High-Level Week, which will feature women leaders from around the world. The Minister will also participate in an event aimed at ensuring reproductive choice for women and girls.

    In addition, Minister Joly will meet with numerous partners and allies, including G7 foreign ministers and other senior officials from around the world. Their discussions will focus on pressing global issues, including the situation in Gaza and the broader Middle East, as well as Russia’s continued aggression against Ukraine. During these meetings, Minister Joly will also emphasize the importance of strengthening the rules-based international order and protecting human rights and gender equality.

    In New York, Parliamentary Secretary Oliphant will attend a discussion on advancing the rights of women and girls as part of the Future Summit Action Days and participate in a meeting of the Commonwealth Ministerial Action Group to discuss key issues related to democracy and human rights in the Commonwealth, including in Bangladesh and Gabon. Discussions at the meeting will help advance the agenda for the Commonwealth Heads of Government Meeting in Samoa in October 2024.

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

    September 29, 2024

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

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

    About Xunlei

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

    Safe Harbor Statement

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

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

    The MIL Network –

    September 29, 2024

  • MIL-OSI Africa: Colonialism and apartheid stripped black South Africans of land and labour rights – the effects are still felt today

    Source: The Conversation – Africa – By Marthinus van Staden, Associate Professor of Labour Law, University of the Witwatersrand

    Land dispossession among South Africa’s majority black population remains a thorny issue 30 years into democracy. Labour law scholar Marthinus van Staden’s new research examines the historical relationship between land dispossession and labour control in South Africa. It explores how the systematic seizure of indigenous people’s land during colonisation and apartheid reduced them from landowners to labourers, under exploitative conditions, and how the effects continue to linger. We asked him to explain.

    What is the history of land dispossession and labour control in South Africa?

    The history spans several centuries, beginning with Dutch colonisation in the mid-17th century. It intensified under British rule from the late 18th century. Early colonial policies were inconsistent, but gradually evolved into more systematic land grabs and labour regulations.

    The discovery of minerals – primarily gold and diamonds – in the 1880s heightened the demand for cheap black labour.

    The 19th century saw other significant developments, including the abolition of slavery and the introduction of pass laws. Pass laws required black people to carry identity documents that restricted their movement, employment and settlement.

    The 1913 Natives Land Act severely restricted black land ownership. It prevented black people from owning or renting land in 93% of South Africa, which was reserved for white ownership. Many black farmers who had previously owned or rented land in what had been designated “white areas” were forced to become labourers on white-owned farms. Or they had to move to “reserves” the state had set aside.

    This was followed by a series of laws implementing urban segregation and expanding “native reserves”.

    The apartheid era of formalised racial segregation, from 1948 to 1994, saw the most extreme measures of land dispossession and labour control. The creation of the homeland system relegated black South Africans to 10 economically unviable areas, along ethnic lines. Black people in homelands were mostly forced to work in “white” South Africa, where they lacked legal rights as workers.

    It wasn’t until 1979 that black trade unions were allowed to register. This allowed them to operate openly and bargain with employers and the government for improved wages and working conditions.

    Trade unions served as important political actors. They increased black workers’ political voice and influence. In fact, all labour legislation before 1981 had the distinguishing feature of excluding black workers from its ambit of protection.

    Only after apartheid ended in 1994 did efforts begin to address the legacy of land dispossession and unfair labour practices through restitution and reforms. Land reform processes have been criticised for being ineffectual.

    What effect did dispossession have?

    Dispossession created a large pool of cheap labour for white-owned farms and industries. Without access to land for subsistence or commercial farming, black South Africans had little choice but to work for low wages in the capitalist economy. The employment contract, transplanted from colonial law, became a tool for exerting control over these workers. It reinforced their subordinate status.

    The common law contract of employment, with its inherent element of employer control, was applied to the formerly independent indigenous people now forced into wage labour.

    The homelands ensured a continuous supply of cheap black migrant labour. This system of land deprivation and labour control not only served the economic interests of the white minority. It also reinforced racial hierarchies.

    The socio-economic consequences continue. Black workers are still more likely to be unemployed – or in precarious work – than whites.

    Why does this matter today?

    The legacy of land dispossession and labour control continues to shape South Africa’s social, economic and political landscape. It’s a critical consideration in efforts to build a more just and equitable society.

    This history has created deep-rooted economic disparities. The concentration of land ownership and wealth in the hands of the white minority remains largely intact, perpetuating socio-economic inequality.

    The ongoing struggle for land restitution and reform is directly linked to this history. Addressing the legacy of dispossession is crucial for economic justice and social stability.

    Understanding this history is essential for developing effective policies to address poverty, unemployment and uneven development.

    It is also vital for national reconciliation and building a more equitable society. It underpins current debates about social justice, reparations and the transformation of economic structures.

    Which practical, remedial policies must be carried out?

    The historical link between land loss and subjugation by means of the controls inherent to the contract of employment makes land reform a necessary first step to reversing this process.

    The government has put in place formal mechanisms to halt racialised land ownership. However, land restitution and reform programmes need to be enhanced and accelerated.

    They should include restoring land rights where possible, and providing support for sustainable land use. This would address both the economic and emotional aspects of historical dispossession.

    Legislation such as the Labour Relations Act and the Employment Equity Act have done much to strengthen protections for workers’ rights, particularly for those in precarious employment situations. However, the ways in which these laws continue to endorse a global north conception of the employment relationship, which emphasises control, must be rethought.

    They must be reformed to promote equality, dignity and fair labour practices. Reforms should involve more collaborative models and addressing the socio-economic impacts to redress historical injustices.

    Targeted economic development initiatives are needed in historically disadvantaged areas, including former homelands. These could include infrastructure development, skills training programmes, and support for small businesses to create economic opportunities.

    These remedial policies should be part of an all-encompassing strategy to address historical injustices, and create a more equitable South African society.

    – Colonialism and apartheid stripped black South Africans of land and labour rights – the effects are still felt today
    – https://theconversation.com/colonialism-and-apartheid-stripped-black-south-africans-of-land-and-labour-rights-the-effects-are-still-felt-today-238243

    MIL OSI Africa –

    September 29, 2024

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

    Source: GlobeNewswire (MIL-OSI)

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

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

    Maximize User Retention with Cutting-Edge PWAs

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

    Lower Business Costs Through Cross-Platform Compatibility

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

    A Trusted Partner Across Industries

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

    Empowering Clients with Optimized Features

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

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

    Attachment

    The MIL Network –

    September 29, 2024

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

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

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

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

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

    About the Fully Implanted Acclaim® Cochlear Implant

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

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

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

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

    Additional Information and Where to Find It

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

    Forward-Looking Statements

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

    ###

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

    The MIL Network –

    September 29, 2024

  • MIL-OSI Russia: Denis Manturov took part in the forum “Microelectronics”

    MIL OSI Translation. Region: Russian Federation –

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

    First Deputy Prime Minister Denis Manturov took part in the plenary session of the Microelectronics-2024 forum. The 10th anniversary Russian Microelectronics Forum is being held on the Sirius federal territory from September 23 to 28.

    Denis Manturov took part in the forum “Microelectronics”

    At the plenary session, Prime Minister Mikhail Mishustin addressed the forum participants with a greeting. The plenary session was opened by the President of the Russian Academy of Sciences Gennady Krasnikov. Government representatives, heads of federal executive authorities, scientists and the industry community discussed plans and prospects for the development of the Russian electronics industry, innovative approaches, scientific achievements, as well as upcoming changes in government regulation.

    In particular, Denis Manturov spoke about plans to extend tax breaks for electronics industry organizations, expand them to electronics engineering enterprises, and possibly return to advance payments of up to 80% for government contracts in the field of electronics engineering.

    “As for advance payments, it is no secret that up to 100% [is advanced – IF] even today when signing and implementing contracts within the framework of state defense procurement, including for electronic products. And for civil ones, the bar has indeed been lowered to 50%. Taking into account the key rate, we have already discussed this issue today. We will formalize this approach, and I will give the corresponding instruction to the Ministry of Finance and Anton Andreyevich Alikhanov so that colleagues can promptly prepare such a decision and submit it to the Government,” he said, answering a question about the prospects for moving to advance payments of 80% of the contract value when purchasing electronic equipment. “I am sure that this can be a good help, especially today, given the high interest rate on loans,” the First Deputy Prime Minister added.

    During the Microelectronics forum, Denis Manturov also presented state awards to outstanding workers in the electronics industry: the Order of Friendship, the Order of Military Merit, and the Order of Merit for the Fatherland, 2nd class.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://government.ru/nevs/52773/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

    September 29, 2024

  • MIL-OSI Economics: Secretary-General of ASEAN tours CAEXPO Pavilion

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today toured the China-ASEAN Expo (CAEXPO) Pavilion, to observe the preparations for the opening of the 21st CAEXPO, on 24 September 2024. The tour covered the B2 area of the Nanning International Convention and Exhibition Center, where the ASEAN Member States, Observer, and the ASEAN Secretariat are located.

    MIL OSI Economics –

    September 29, 2024

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

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

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

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

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

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

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

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

    About the South West Arkansas Project

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

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

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

    Qualified Person

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

    About Standard Lithium

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

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

    About Equinor

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

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

    Media Contacts:

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

    Ola Morten Aanestad 
    Equinor
    oaan@equinor.com

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

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

    The MIL Network –

    September 29, 2024

  • MIL-OSI Translation: ASIA/ARAB EMIRATES – Bishop Martinelli closes the Jubilee of the Martyrs of Arabia: they are our roots

    MIL OSI Translation. Region: Italy –

    Source: The Holy See in Italian

    AVOID

    Abu Dhabi (Agenzia Fides) – The Jubilee dedicated to Saint Aretas and Companion Martyrs of Arabia was also a precious opportunity to rediscover the long history of Christianity in Arabia, a history “rooted in the apostolic testimony and watered by the blood of the martyrs”. A source from which the composite and vital community of millions of Catholics spread across the various countries of the Arabian Peninsula can now draw. This was underlined, looking at the present and the future, by Bishop Paolo Martinelli ofm.Cap, Apostolic Vicar of southern Arabia, celebrating yesterday, Sunday 22 September, the closing liturgy of the Jubilee Year in the territories of the Vicariate. A solemn mass celebrated in Abu Dhabi, in St. Joseph’s Cathedral, with the closing of the Holy Door, which saw the participation of more than 3 thousand Catholics. The Jubilee, which began on 23 October 2023 (see Fides 20 and 24/10/2023 ), was experienced jointly by the Apostolic Vicariate of Southern Arabia (including the United Arab Emirates, Yemen and Oman) and the Apostolic Vicariate of Northern Arabia (led by Bishop Aldo Berardi O.SS.T. and including Barhain, Qatar , Kuwait and Saudi Arabia). The closing ceremony of the Jubilee in the Vicariate of South Arabia was brought forward because Bishop Martinelli will be busy in Rome in October for the Assembly of the Synod of Bishops. In the Apostolic Vicariate of Northern Arabia the similar closing ceremony is scheduled for October 23rd. The communion experienced between the Catholic communities of the Arabian Peninsula through the experience of the Jubilee journey – Bishop Martinelli remarked in his homily – «is one of the reasons why these saints are so important to us. We come from many different countries, we have different liturgical rites and different spiritual traditions. Everyone cherishes devotion to the saints of their own culture and we can long for them here. But Saint Aretas and his companions are saints of this land of Arabia where we live now. Therefore they are our saints, whom we can all celebrate together as one Church, the Church of Arabia”. “By coming to this country as migrants – insisted the Apostolic Vicar – we become an integral part of the history of this Church of Arabia , rooted in the apostolic testimony and watered by the blood of the martyrs”.Saint Aretas and his Companions, venerated in all the Catholic and Orthodox Churches, were Arab Christians from the ancient city of Najran (in present-day Saudi Arabia) martyred in the year 523 after Christ.Arethas, whose Arabic name was Al-Harith bin Ka’b, was born in 427 AD. and was governor of the predominantly Christian city until his martyrdom at the venerable age of ninety-five. In the 6th century, the king of Himyar (in present-day Yemen), Dhu Nuwas, began a systematic persecution of Christians in southern Arabia, burning churches, forcing people to convert and putting to death those who refused to renounce their faith in Christ. Priests, deacons, nuns and entire families – men, women and children – were burned alive. According to tradition, the relics of Saint Aretas and her fellow martyrs of Najran were deposited in a cube-shaped shrine which became a popular pilgrimage center for Arab Christians during late antiquity. The sanctuary was destroyed in the 7th century when Christians were expelled from southern Arabia. The relics of Saint Aretas eventually found their way to Mount Athos in Greece. Their return to the Arabian Peninsula after almost fourteen centuries was experienced as an extraordinary blessing for the current Christian communities in the Gulf. On 29 August 2023, Pope Francis issued the Decree announcing the Jubilee of Saint Aretas and Companions in the Arabian Peninsula. The Decree granted a Plenary Indulgence to the faithful who at any time undertake a pilgrimage to the Cathedral of Our Lady of Arabia in Awali, Bahrain, to the Cathedral of St. Joseph in Abu Dhabi, United Arab Emirates, or to the Parish of St. Areta.For the end of the Jubilee, Bishop Martinelli also wrote the Pastoral Letter “Gioia e Giubileo” (“Joy and Jubilee”) published yesterday, Sunday 22 September. In the Letter, the Apostolic Vicar of southern Arabia retraces the Jubilee Year of Saint Aretas, describing the spiritual fruits she brought to the Vicariate, and invites prayer following Pope Francis’ appeal in view of the Jubilee 2025. In the Letter , Bishop Paul announces that the feast of Saint Aretas will now be celebrated every year on October 24, to ask that the memory of the Arab martyrs continue to inspire and accompany the path of the Catholic communities vitally present in the Arabian Peninsula. «They are a deep root of the tree in which we find ourselves today. We are called to inhabit this land with faith.” After having celebrated the holy martyrs of Arabia for an entire year, now “It is easier to recognize that «being Christian in the Gulf means belonging to this Church of the Gulf. We are not just faithful from different churches: here we all form the Catholic Church of Arabia together”, writes the Bishop. Looking to the next Jubilee 2025, the Bishop invites everyone “to prepare well for the Holy Year 2025 by entering into the spirit of prayer” , and summarizes the gestures and practices that unite prayer, the Sacraments and the reading of the Word in the spiritual life of the people of God. A summary in which he refers to the Our Father prayer, the Liturgy of the Hours, personal prayer, the Rosary, Eucharistic Adoration. Prayer – underlines Bishop Martinelli – is the request to keep alive the desire for God in daily life: «Your desire is your prayer» says Saint Augustine, quoted in the Pastoral Letter of the Apostolic Vicar of Southern Arabia. While the Catholic community of the Gulf passes from one jubilee to another, Archbishop Paul’s letter gratefully recalls the gifts received and shared during the Jubilee of the Martyrs of Arabia, and at the same time suggests the way forward in the future. The Jubilee has reunited the entire Church of the Arabian Peninsula at its ancient sources. “Individuals, families, groups, young people, associations and movements, children and elderly: they all came to celebrate the victory of these holy martyrs of Arabia through their pilgrimage to the Holy Door” – During the Jubilee year, every parish in the Emirates United Arab Emirates and the Sultanate of Oman had the opportunity to host the relics of Saint Aretas. Many admitted that they only knew the Holy Martyrs of Arabia thanks to the Jubilee. «Every day – recalled a woman among the testimonies collected and disseminated by the Apostolic Vicariate – the priest shared the agonies endured by Saint Aretas and his companions, and told how their suffering was transformed into a beautiful crown for our Lord Jesus Christ. This touched me deeply, because I realized how easily we worry and get lost over small things.” (GV) (Agenzia Fides 23/9/2024).Share:

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

    September 29, 2024

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

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

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


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

    The MIL Network –

    September 29, 2024

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

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    About Cerulean Ventures
    https://cerulean.vc/

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

    The MIL Network –

    September 29, 2024

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

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

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

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

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

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

    About NANO Nuclear Energy, Inc.

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

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

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

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

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

    For further information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206
    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:
    NANO Nuclear Energy LINKEDIN
    NANO Nuclear Energy YOUTUBE
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    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release or related events contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements (including statements regarding the future operations of NNS and the potential for applications of the Company’s technology in space exploration) mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) nuclear fuel manufacturing submission and the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, (ii) our ability to obtain contracts and funding to be able to continue operations, (iii) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (v) similar risks and uncertainties associated with the business of a start-up business operating a highly regulated industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and the NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    • NANO Nuclear Energy Inc.

    The MIL Network –

    September 29, 2024
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