NewzIntel.com

Category: Machine Learning

  • MIL-OSI: PrairieSky Receives TSX Approval for Renewed Normal Course Issuer Bid

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, May 30, 2025 (GLOBE NEWSWIRE) — PrairieSky Royalty Ltd. (“PrairieSky” or the “Company“) (TSX: PSK) is pleased to announce that the Toronto Stock Exchange (the “TSX“) has accepted the notice of PrairieSky’s intention to commence a normal course issuer bid (the “NCIB“).

    On April 14, 2025, PrairieSky announced its intention to seek TSX approval to renew its NCIB for an additional one-year period. The NCIB allows the Company to purchase up to 15,355,946 common shares which represents approximately 6.5% of the common shares outstanding, being 235,536,040 as of May 21, 2025, and 10% of the public float of 153,559,462 common shares which is defined as the common shares outstanding after excluding common shares beneficially owned by directors and executive officers of PrairieSky and persons who beneficially own or exercise control or direction over more than 10% of the issued and outstanding common shares of PrairieSky. The NCIB will commence on June 4, 2025 and will expire no later than June 3, 2026.

    Under the NCIB, common shares may be repurchased in open market transactions on the TSX, and/or other Canadian alternative trading systems. In accordance with the rules of the TSX governing normal course issuer bids, the total number of common shares the Company is permitted to purchase is subject to a daily purchase limit of 99,954 common shares, representing 25% of the average daily trading volume of common shares on the TSX calculated for the six-month period ended April 30, 2025, being approximately 399,818 common shares. However, the Company may make one block purchase per calendar week which exceeds the daily repurchase restriction. Any common shares that are purchased under the NCIB will be cancelled by PrairieSky.

    The Company believes that from time to time the market price of the common shares may not reflect their underlying value. The purchase of common shares will increase the proportion of interest of, and be advantageous to, all remaining shareholders. In addition, any purchases by the Company will afford increased liquidity to those shareholders of the Company who may wish to dispose of their common shares.

    PrairieSky has entered into an automatic share purchase plan with its broker, CIBC Capital Markets, in order to facilitate purchases of its common shares. The automatic purchase plan allows for purchases by the Company of its common shares at any time, including, without limitation, when the Company would ordinarily not be permitted to make purchases due to regulatory restriction or self-imposed blackout periods. Purchases will be made by PrairieSky’s broker based upon the parameters prescribed by the TSX and the terms of the parties’ written agreement.

    PrairieSky currently intends to purchase up to a maximum of 15,355,946 common shares to effect NCIB purchases over the next 12 months. PrairieSky purchased 3,415,900 common shares under its current normal course issuer bid which authorized the purchase for cancellation of up to 5,000,000 common shares and commenced on June 4, 2024 and runs to June 3, 2025. Since instituting the normal course issuer bid in 2016 to March 31, 2025, PrairieSky has purchased and cancelled an aggregate of 20.1 million common shares at a weighted average price per share of $16.74.

    FORWARD-LOOKING STATEMENTS

    This press release contains certain forward-looking statements. The use of any of the words “expect”, “anticipate”, “may”, “will”, “should”, “believe”, “intends”, and similar expressions are intended to identify forward-looking statements. Forward-looking statements contained in this press release include our expectations with respect the number of common shares under NCIB purchases to be effected over the next 12 months.

    With respect to forward-looking statements contained in this press release, we have made several assumptions including that the common shares will from time-to-time trade below their value, that the Company will complete purchases of common shares pursuant to the NCIB and those described in detail in our Management Discussion & Analysis and the Annual Information Form for the period ended December 31, 2024. Readers and investors are cautioned that the assumptions used in the preparation of such forward-looking statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Our actual results, performance, or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. We can give no assurance that any of the events anticipated will transpire or occur, or if any of them do, what benefits we will derive from them.

    By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond our control, including the market price of the common shares being too high to ensure that purchases benefit the Company and its shareholders, impact of general economic conditions, industry conditions, volatility of commodity prices, stock market volatility and failure to execute purchases under the NCIB. The foregoing and other risks are described in more detail in PrairieSky’s Management Discussion & Analysis and the Annual Information Form for the period ended December 31, 2024 under the headings “Risk Management” and “Risk Factors”, respectively, each of which is available at www.sedarplus.com.

    Further, any forward-looking statement is made only as of the date of this press release, and PrairieSky undertakes no obligation to update or revise any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events, except as required by applicable securities laws. New factors emerge from time to time, and it is not possible for PrairieSky to predict all of these factors or to assess in advance the impact of each such factors on PrairieSky’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

    The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

    ABOUT PRAIRIESKY ROYALTY LTD.

    PrairieSky is a royalty-focused company, generating royalty revenues as petroleum and natural gas are produced from its properties. PrairieSky has a diverse portfolio of properties that have a long history of generating funds from operations and that represent the largest and most concentrated independently-owned fee simple mineral title position in Canada. PrairieSky’s common shares trade on the Toronto Stock Exchange under the symbol PSK.

    FOR FURTHER INFORMATION PLEASE CONTACT:

    PrairieSky Royalty Ltd.

    Investor Relations
    (587) 293-4000

    www.prairiesky.com

    PDF available: http://ml.globenewswire.com/Resource/Download/6d0e44ba-aa7a-422f-b79d-9d3722a29243

    The MIL Network –

  • MIL-OSI: NowVertical Secures Up to $26 Million USD in Financing with HSBC to Fuel Growth

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 30, 2025 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSXV: NOW) (“NowVertical” or the “Company“), a leading data and AI solutions provider, announced that NowVertical, NowVertical UK Ltd. and NowVertical Group, Inc. and certain of their affiliates have entered into a senior secured facilities agreement (the “Facilities Agreement”) with HSBC UK Bank plc (“HSBC”), as arranger, original lender and agent. Unless otherwise specified, all dollar amounts are expressed in U.S. dollars.

    Pursuant to the Facilities Agreement, NowVertical UK Ltd. and NowVertical Group, Inc., as borrowers, have access to credit facilities of up to $18 million (together, the “Facilities”) which may be increased by up to an additional $8 million upon the approval of HSBC, for total credit of up to $26 million.

    “This Financing Agreement is truly transformational for NowVertical,” said Sandeep Mendiratta, CEO of NowVertical. “It simplifies our capital structure by consolidating debt previously spread across multiple lenders into a single, long-term facility with significantly improved terms. This provides immediate access to capital to fuel our organic growth under the ‘One Brand, One Business’ strategy, while also positioning us to pursue targeted, strategic acquisitions. Importantly, the Facilities give us the flexibility to renegotiate or fully retire our existing convertible loan, materially reducing our cost of capital and preserving our cash position. Combined with a shift from short-term to long-term debt, this strengthens our balance sheet and allows us to operate with greater agility. HSBC’s support reflects the institutional confidence we’ve unlocked by evolving into a single, integrated business—providing enhanced capital access and a stronger foundation for scalable, strategic growth.”

    “We are pleased to support NowVertical’s next phase of growth,” said Chris Winter, Senior Corporate Relationship Director at HSBC. “This partnership underscores our confidence in NowVertical’s vision and growth strategy.”

    Pursuant to the Facilities Agreement, the borrowers have access to the Facilities, a portion of which will be used to repay existing debt, with the remainder available for general working capital purposes and acquisitions. The Facilities consist of: (i) a $6 million term loan, amortizing equally over 5 years and maturing on the fifth anniversary of the Facilities Agreement; and (ii) a $12 million revolving credit facility with an initial 3-year term, which may be extended for up to an additional 24 months. In addition, amounts available under the revolving credit facility may be increased to $20 million upon the exercise of an accordion option and certain ancillary facilities, subject to HSBC’s consent.

    Amounts drawn under the Facilities shall bear interest at a competitive interest rate ranging from 2.25% per annum to 3.75% per annum in respect of the term loan and 1.75% per annum to 3.25% per annum in respect of the revolving credit facility, in each case above the SOFR floating rate, with rates increasing or decreasing based on NowVertical’s net leverage position. In addition, NowVertical is obligated to pay a commitment fee in respect of undrawn amounts available under the revolving credit facility. The initial blended interest rate on the Facilities is approximately 7.25%.

    In connection with entering into the Facilities Agreement, NowVertical will use amounts available under the Facilities to prepay certain existing term debt, including obligations to TD Bank and Export Development Canada. The obligations of the borrowers under the Facilities have been guaranteed by NowVertical and certain of NowVertical’s subsidiaries, including NowVertical UK Limited, NowVertical UK Holdings Limited, Acrotrend Solutions Limited, NowVertical Group, Inc., and Resonant Analytics, LLC (collectively, the “Guarantors”), and security granted by the Company and the Guarantors, including: (i) a pledge of all of the issued and outstanding shares of each of the material Guarantors; and (ii) a security interest in substantially all of the assets of the Company and certain of the Guarantors.

    Concurrently with the execution of the Facilities Agreement, NowVertical entered into a subordination agreement with HSBC and TSX Trust Company (“TSX Trust”), in its capacity as trustee under the debenture indenture dated as of October 5, 2022, pursuant to which TSX Trust confirmed the subordination of the amounts owing to the holders of senior unsecured convertible debentures to obligations of NowVertical under the Facilities Agreement.

    NowVertical is pleased to have worked with Fort Capital Partners as its advisor on this transaction.

    About NowVertical Group Inc.
    NowVertical is a global data and analytics company which helps clients transform data into tangible business value with AI, fast. Offering a comprehensive suite of solutions and services, the Company enables clients to quickly harness the full potential of their data, driving measurable outcomes and accelerating potential return on investment. Enterprises optimize decision-making, improve operational efficiency, and unlock long-term value from their data using the Company’s AI-Infused first party and third-party technologies. NowVertical is growing organically and through strategic acquisitions.

    For further details about NowVertical, please visit www.nowvertical.com.

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

    For further information, please contact:

    Andre Garber, CDO 
     IR@nowvertical.com 

    Investor Relations: Bristol Capital Ltd.
    Stefan Eftychiou
     stefan@bristolir.com
    +1(905)326-1888 x60 

    Forward-Looking Statements

    This news release contains forward-looking information and forward-looking information within the meaning of applicable Canadian securities laws (together “forward-looking statements“), including, with respect to the availability of funds under the Facilities, the ability of NowVertical to utilize funds under the Facilities, the effect of the Facilities on NowVertical’s operations contemplated in this press release on NowVertical’s business, finances and operations. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies, certain of which are unknown. Forward-looking statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements and the forward-looking statements are not guarantees of future performance. Forward-looking statements are qualified in their entirety by inherent risks and uncertainties, including: adverse market conditions; risks inherent in the data analytics and artificial intelligence sectors in general; regulatory and legislative changes; that future results may vary from historical results; inability to service the Company’s debt; any inability to realize the expected benefits and synergies of acquisitions or dispositions; that market competition may affect the business, results and financial condition of the Company and other risk factors identified in documents filed by the Company under its profile at www.sedarplus.com, including the Company’s management’s discussion and analysis for the year ended December 31, 2024. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

    The MIL Network –

  • MIL-OSI Economics: Behind Slim: How Samsung Engineered the Galaxy S25 Edge To Break Boundarie

    Source: Samsung

    Understanding users’ evolving needs is key to developing technology that truly matters. The new Galaxy S25 Edge combines flagship-level performance with a portable design, serving as a powerful pocket-sized AI companion that pushes the boundaries of what a mobile device can be.
     
    The Galaxy S25 Edge is more than just a slim smartphone. Every curve, contour and component reflects a breakthrough in precision engineering, delivering a premium experience befitting the S series’ legacy.
     
    Extensive experimentation was required to strike this balance, with numerous prototypes developed to test new combinations of components and structures — challenging established standards in mobile hardware design. The result is a no-compromise smartphone, meticulously engineered for design, performance and camera excellence.
     

     
     
    Ultrathin Yet Built To Last
    The Galaxy S25 Edge continues the design language of the S series while achieving the slimmest profile in Galaxy S series history — measuring just 5.8mm thick and weighing only 163g.
     
    To make this possible, the idea of a smartphone was reimagined from the ground up. The Galaxy S25 Edge’s internal structure features a new mounting system, allowing components to be placed with precision down to 0.1mm.
     
    But the new device isn’t just slim — it’s tough as well. Premium materials, including a titanium frame as seen in the Galaxy S25 Ultra, make up the Galaxy S25 Edge’s robust exterior. It’s further reinforced by Corning® Gorilla® Glass Ceramic 2, a new display cover material strengthened with Samsung’s processing techniques.
     
    It’s a careful balance of design and durability – all without compromise.
     

     

     

     

     
     
    Cool Under Pressure
    The Galaxy S25 Edge may be the slimmest S series device yet, but there’s nothing light about its performance. From everyday responsiveness to intense multitasking, Samsung’s latest smartphone delivers the same power and speed found across the Galaxy S25 series.
     
    At its heart is the Snapdragon® 8 Elite Mobile Platform for Galaxy1 – a powerful processor customized by Qualcomm Technologies, Inc. to set new standards for on-device AI processing and daily performance. True performance, however, goes beyond the chipset, especially in a device so thin.
     
    A custom thermal system — featuring a reconfigured vapor chamber 10% larger than the one used in the Galaxy S25+ — was developed to suit the Galaxy S25 Edge’s slim profile. To maintain thinness while efficiently managing heat, Samsung introduced a new “hole structure” — a first for Galaxy smartphones — in which a portion of the front metal frame was removed to allow more direct heat transfer from the application processor to the vapor chamber.
     
    In addition, a precisely tailored thermal interface material helps absorb and disperse heat from surrounding components. The outcome? A phone that stays fast, cool and responsive — no matter the task.
     
    The Galaxy S25 Edge shows that power doesn’t need more space — just smarter engineering.
     

     
     
    Ultra-level Camera
    A hallmark of the Galaxy S25 Ultra is the premium camera experience, and the Galaxy S25 Edge brings that level of performance to a sleek new form. Its dual camera system with wide and ultra-wide lenses includes a 200MP main sensor that captures Galaxy S25 Ultra-level shots with extraordinary clarity, vibrant color and true-to-life detail, even in challenging lighting conditions.
     
    The thickness of the main camera was reduced by more than 10% through structural optimization of the autofocus and optical image stabilization. A two-layer camera housing design offsets the module’s height, allowing the 200MP sensor to sit naturally within the frame without disrupting the phone’s silhouette. The result is a Galaxy camera experience fit for pros, now in a slimmer, more compact form.
     

     
    The Galaxy S25 Edge embodies Samsung’s dedication to overcoming long-standing limitations in mobile engineering. By uniting flagship performance, intelligent experiences and a pro-grade camera system in a slimmer, more refined form, the device unlocks what’s possible when every detail is designed with intention. More than a design milestone, the Galaxy S25 Edge marks the next chapter in mobile innovation — where design and engineering move forward, together.
     
     
    1 Snapdragon is a trademark or registered trademark of Qualcomm Incorporated. Snapdragon is a product of Qualcomm Technologies, Inc. and/or its subsidiaries.

    MIL OSI Economics –

  • MIL-OSI USA: Survivor Assistance Available at Three New Locations

    Source: US Federal Emergency Management Agency

    Headline: Survivor Assistance Available at Three New Locations

    Survivor Assistance Available at Three New Locations

    LITTLE ROCK, Ark

    – The state of Arkansas, FEMA and the U

    S

    Small Business Administration have added three sites that offer face-to-face help for residents affected by the March 14-15 and April 2-22 severe storms, tornadoes and flooding

    Homeowners and renters in the impacted counties may be eligible for FEMA disaster assistance for losses not covered by insurance

    Specialists are available to help you apply for FEMA assistance, review your existing application and submit documents needed to move your application forward

    The new locations include:FULTON COUNTYHardy Fire Station203 Church StreetHardy, AR 72452Days: May 30 – June 7; hours: 9 a

    m

    to 6 p

    m

    Monday to Friday; 9 a

    m

    to 1 p

    m

    Saturday; Closed Sunday CRITTENDEN COUNTYEarle City Hall                                                                     1005 2nd StreetEarle, AR 72331 Days: June 2 – June 4; hours: 8 a

    m

    to 6 p

    m

     CRAIGHEAD COUNTYLake City – City Hall406 Court StreetLake City, AR 72437 Days: June 2 – June 4; hours: 8 a

    m

    to 6 p

    m

     Additional locations are listed online at x

    com/FEMARegion6 and facebook

    com/FEMARegion6/

    Survivors in Greene, Hot Spring, Independence, Izard, Jackson, Lawrence, Randolph, Sharp and Stone counties may apply for federal assistance if they had damage in the March storms

    Similarly, those who were affected by the April storms, tornadoes and flooding in Clark, Clay, Craighead, Crittenden, Desha, Fulton, Hot Spring, Jackson, Miller, Ouachita, Pulaski, Randolph, Saline, Sharp, St

    Francis and White counties may also apply

    Survivors affected by both the March and April storms should file a separate claim for each

    Here are the ways to apply:Go to DisasterAssistance

    govDownload the FEMA App for mobile devicesCall the FEMA Helpline at 800-621-3362 between 6 a

    m

    and 10 p

    m

    CT

    Help is available in most languages

     If you use a relay service, captioned telephone or other service, you can give FEMA your number for that service

    For an accessible video on how to apply for assistance, go to Three Ways to Register for FEMA Disaster Assistance – YouTube

    The Small Business Administration offers low-interest disaster loans to homeowners, renters, nonprofit organizations and businesses of any size

    To apply online, visit https://lending

    sba

    gov or call 800- 659-2955

    For people who are deaf, hard of hearing, or have a speech disability, dial 711 to access telecommunications relay services

    For the latest information about Arkansas’ recovery, visit fema

    gov/disaster/4865 or fema

    gov/disaster/4873

    Follow FEMA Region 6 on social media at x

    com/FEMARegion6 and at facebook

    com/FEMARegion6/

    thomas

    wise
    Fri, 05/30/2025 – 00:50

    MIL OSI USA News –

  • MIL-OSI Russia: “AI and machine learning are powerful technologies, but not everyone has learned how to apply them”

    Translation. Region: Russian Federal

    Source: State University Higher School of Economics – State University Higher School of Economics –

    The global education industry’s revenue growth could reach 4% in the coming years thanks to the introduction of artificial intelligence technologies. In addition, AI reduces the working hours of teachers by 4-5 times. HSE experts explained how teachers and administrative staff of universities are mastering neural networks, bots and other tools and why there is no need to be afraid that AI will replace them.

    AI is being introduced into higher education

    According to data research HSE and Yandex Education, 49% of students already use generative technologies, and 54% of university employees are confident that these skills will positively influence the career development of students. However, AI technologies are actively used not only by students, but also by teachers and administrative staff.

    Possible scenarios for the use of AI by teachers:

    work with educational programs, curricula, individual modules and topics;

    development of educational content: presentation materials, tests, essay topics;

    assessment of written work and analysis of students’ skills.

    Possible scenarios for the use of AI by university administrations:

    optimization of the educational schedule;

    consulting students on organizational issues and applicants on admission issues;

    analytics and forecasting of educational results;

    creation of marketing content;

    management of local regulatory documents, generation of documents upon request.

    Features of training teachers in AI tools

    Mass training of teachers is not an easy task. To teach such a demanding audience, highly qualified lecturers are needed, and this is a limited resource. Teachers from different faculties and areas expect to receive subject knowledge and specific tools that will allow them to automate the execution of various tasks right now. And all listeners want to hear about cases that are directly related to their field, explained Evgeny Sokolov, scientific director of the Center for Continuous Education, head of Department of Big Data and Information Retrieval HSE Faculty of Computer Science.

    “This complexity is not new at all: we have extensive experience in corporate training in the field of AI, and there we also always hear a request for very specific recommendations and very close cases,” says Evgeny Sokolov. “And this always requires elaboration and explanation. Yes, AI and machine learning are extremely powerful technologies that have already proven themselves and that may have great prospects. But not everyone has learned to use them, not everyone has bright examples of implementation. And therefore we can explain what it is and how it works, show how it brings a lot of benefits in other areas, and then together think about transferring this experience.”

    In total, in 2024, HSE trained 1,750 teachers, researchers, and administrative staff from all campuses to work with artificial intelligence for free. The training was conducted as part of the Priority 2030 strategic academic leadership program. Employees could choose one of the areas based on their level of training — from prompting and Python programming to machine and deep learning.

    Here are some of the applied skills that students learn:

    using generative models to simplify and automate work;

    data analysis and visualization;

    using Python for editing and generating text files: contracts, memos in pdf and word;

    Sending Emails with Python;

    creation of telegram bots to collect information from students, etc.

    The core of the teaching staff of the programs was made up of specialists Faculty of Computer Science HSE University. The organization of advanced training programs was carried out by Center for Continuous Education of the Faculty of Computer Science, and administrative support for all courses was provided by Center for Advanced Studies.

    The Center for Continuous Education of the Faculty of Computer Science trains not only HSE employees. Employees of the Irkutsk National Research Technical University passed advanced training program “Python for automation and data analysis”, and employees of the Vladivostok State University of Economics and Service – program advanced training “Modern approaches and methods of teaching the course “Digital Literacy””.

    How Teachers Are Using AI in Their Work

    Project work plays a significant role in the programs. Students reflect on how AI methods can be useful in their tasks, formulate corresponding ideas and receive feedback from experts. These are ideas about simplifying teaching routines, restructuring disciplines and new research tasks.

    Then these proposals begin to receive full implementation. Within the framework of the program, each student prepares a final project on the implementation of neural networks in work processes, some of which are already successfully used in practice.

    For example, the course “Venture Capital” has an assistant based on the bot-psychologist “Anna”. The AI assistant interacts with students, helps answer difficult questions and improve psychological preparation for interaction with investors. Using the assistant has improved the quality of students’ training and provided new tools for discussing the psychological aspects of entrepreneurship.

    Another example is the use of AI to create educational materials. Tools such as Narakeet and invideo AI reduce the time it takes to create presentation-quality video materials by more than 10 times. Teachers now have a wider range of ready-made templates and ideas for visual presentation of lecture material. All this makes the educational process more visual and understandable for students.

    According to teachers, after training they use AI to prepare notes, presentations, cases and tests, check assignments, work with databases, search for scientific literature, and translate texts.

    “Useful content, accessible presentation of the material, as well as patience with our pace and questions. I was genuinely interested in the tools presented in the course, I will study and apply them further in my work. To be honest, I did not even guess that the speed of a heart attack can be predicted by the voice, and about some other discoveries that have already been implemented in practice. So special thanks for keeping us informed of human technical progress,” noted Anastasia Pyatachkova, Deputy Head of the Asia-Pacific Sector. Centre for Comprehensive European and International Studies HSE.

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

    MIL OSI Russia News –

  • MIL-OSI Asia-Pac: SCED attends Asia-Pacific Telecommunity Ministerial Meeting in Japan (with photos)

    Source: Hong Kong Government special administrative region

    SCED attends Asia-Pacific Telecommunity Ministerial Meeting in Japan  
         Speaking at a discussion session, Mr Yau shared with participating ministers Hong Kong’s latest efforts in building sustainable and accessible information and communications technology infrastructure, as well as its commitment to a more inclusive and resilient digital future.
     
         Mr Yau said that since the full liberalisation of its telecommunications market in 2003, Hong Kong’s telecommunications sector has become one of the most advanced, open, and dynamic markets globally. Hong Kong leads the world in mobile voice affordability, ranks second globally in mobile broadband affordability and seventh in fixed broadband affordability. Hong Kong’s 5G availability also ranks first in the Asia-Pacific region.
     
         Mr Yau highlighted that Hong Kong’s robust infrastructure provides a strong foundation for sustainable telecommunications development, including future 6G deployment and other cutting-edge services. The 6G Global Summit held in Hong Kong earlier this month, first held in the Asia-Pacific region, also fostered ideas and rallied regional support for 6G development.
     
         Turning to innovation and technology (I&T), Mr Yau said that Hong Kong promulgated the Hong Kong I&T Development Blueprint in 2022, setting out clear development directions and major strategies including accelerating the development of new digital infrastructure.
     
         He added that artificial intelligence opens up vast new opportunities for global economic development and scientific research. Hong Kong has been pursuing an all-round strategy to develop the AI ecosystem on various fronts, such as the launch of the AI Supercomputing Centre by Cyberport to meet the strong local demand for high-performance computing power.
     
         Mr Yau said that Hong Kong will continue to work hand in hand with fellow members and stakeholders to advance sustainable infrastructure and promote eco-friendly information and communications technology for a connected future.
     
         In addition to attending the APT meeting, Mr Yau also took the opportunity to meet with Japanese political and business leaders during his stay in Tokyo. Mr Yau today paid a courtesy call on the Chairman of the Japan-Hong Kong Parliamentarian League, Ms Jimi Hanako, a Member of the House of Councillors, to give her an update on Hong Kong’s latest economic and trade developments.
     
         Upon arrival yesterday (May 29), Mr Yau paid a courtesy call on the State Minister for Foreign Affairs of Japan, Mr Miyaji Takuma. Recognising the close bilateral relations between the two places, Mr Yau updated him on the robust economic developments in Hong Kong on various fronts under the “one country, two systems” principle, and solicited Japan’s support for Hong Kong’s early accession to the Regional Comprehensive Economic Partnership. Mr Yau also met with representatives of Keizai Doyukai (Japan Association of Corporate Executives) to promote Hong Kong’s business advantages and investment opportunities.
     
         Mr Yau will return to Hong Kong tomorrow (May 31) after the APT Ministerial Meeting concludes.
    Issued at HKT 17:30

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Economics: Samsung Releases the Slim Galaxy S25 Edge in Europe, Setting a New Standard for Premium Smartphones

    Source: Samsung

     
    Samsung Electronics Co., Ltd., a global leader in innovation and technology, proudly announces the availability of the Galaxy S25 Edge in Europe from May 30 2025. The latest addition to the Galaxy S series, the first-of-its-kind S25 Edge reinforces Samsung’s commitment to cutting-edge innovation, refined design and an exceptional user experience.
     
    At just 5.8mm thin and weighing 163g, the Galaxy S25 Edge redefines compact smartphone design while preserving the iconic Galaxy S series aesthetic. Its sleek, curved profile and titanium frame offer both style and durability, enhanced by the durable Corning® Gorilla® Glass Ceramic 2 for lasting display protection.
     
    With massive all-day battery life[1] and fast charging, whether you’re using it to capture incredible content, navigate around a new city, or watch your favorite TV series on a flight, you can get a lot out of a single charge[2].
     
    The Dynamic AMOLED 2X display, now with Adaptive Vision Booster, delivers stunning visuals and seamless multitasking. The device is available a range of stylish colorways: Titanium Silver, Titanium Jetblack and Titanium Icyblue.
     
    The Galaxy S25 Edge offers our most natural, context-aware mobile AI experience, with Galaxy AI integrated at almost every touchpoint with personalised, multimodal features. Like the rest of the S25 series, it delivers seamless AI across apps to simplify daily tasks. Features like Now Brief and Now Bar[3] integrate more deeply into routines and support third-party apps – for smarter reminders during everyday moments like commuting and dining.
     
    Photography enthusiasts will appreciate the upgraded camera system – a 200MP wide lens delivers the iconic Galaxy S camera experience, now enhanced with advanced Nightography for over 44% improved brightness[4] in low-light environments, thanks to its ultra-high resolution and large pixel size.
     
    Powered by the same ProVisual Engine as the Galaxy S25, the S25 Edge delivers pro-grade enhancements – sharper details in textures like clothing and plants, and lifelike skin tones in portraits.
     
    Crafted for performance, the Galaxy S25 Edge offers pro-level photography, personalised AI, and more – redefining what a smartphone can be in a sleek design.
     
    For more information about the new Samsung Galaxy S25 Edge, visit www.samsung.com/uk.
     
    Pricing
    Galaxy S25 Edge RRP:
     

    256 GB – £1099
    512GB – £1199

    Offer
    Claim a Galaxy Tab A9+ worth £259 when you purchase the Galaxy S25 Edge from a Participating Retailer[5]
     
    [1]Actual battery life varies by network environment, feature and apps used, frequency of calls and messages, the number of times charged, and many other factors. Estimated against the average usage profile compiled by UX Connect Research. Independently assessed by UX Connect Research between 2025.03.12-2025.03.20 in US with pre-release versions of SM-S937 under default setting using LTE and 5G Sub6 networks. NOT tested under 5G mmWave Network.
    [2]Typical value tested under third-party laboratory conditions. Typical value is the estimated average value considering the deviation in battery capacity among the battery samples tested under IEC 61960 standard. Rated (minimum) capacity is 3786mAh. Actual battery life may vary depending on network environment, usage patterns and other factors.
    [3]Samsung account login and network connection required.
    [4]Compared to Galaxy S25.
    [5]Purchase a Galaxy S25 Edge by 26/06/2025 from a Participating Retailer. Claim by visiting: www.samsungoffers.claims/summerupgrade within 30 days of purchase. UK/ROI. 18+ only. For full T&Cs, see www.samsungoffers.claims/summerupgrade.

    MIL OSI Economics –

  • MIL-OSI Economics: cortAIx SG: Thales Accelerates Trusted AI Innovation in Singapore with Strategic Partnerships

    Source: Thales Group

    Headline: cortAIx SG: Thales Accelerates Trusted AI Innovation in Singapore with Strategic Partnerships

    • Thales’s global acceleration in trusted AI extends to Asia for the first time with the launch of cortAIx SG. Supported by the Singapore Economic Development Board (EDB), cortAIx SG aims to drive the ethical and effective adoption of AI in Singapore, in alignment with Singapore’s National AI strategy. The Group’s global expansion of cortAIx to Singapore has the dual purpose of serving the needs of both the civil and defence ecosystems.
    • Thales is strengthening its strategic partnerships in Singapore by launching joint initiatives with CAAS1, DSTA2, and HTX3across Aviation, Defence, and Public Safety and Security. These enhanced collaborations include an expanded innovation partnership with HTX focused on AI, border security, quantum, and cybersecurity technologies, as well as the creation of a joint Avionics Lab with CAAS—supported by Changi Airport Group, ICAI4, SATS, and Singapore Airlines—to drive next-generation avionics solutions.
    • With these partnerships, cortAIx SG will become an integral part of the Group’s global cortAIx network of 800 highly-skilled AI and data experts, supported by local talent with deep expertise in machine learning, artificial intelligence, and data science.

    On 30th May, Thales and EDB signed a Memorandum of Understanding (MOU) for the launch of cortAIx SG to extend the Group’s global AI programme to Asia, and further accelerate on AI research and industrialisation. With more than 100 products integrating AI, Thales already develops and deploys trusted AI-powered systems in the most complex and challenging environments. Building on this strong foundation, cortAIx SG will serve as an important accelerator, identifying critical challenges and developing high-impact AI solutions for Thales’ business units across Singapore and the broader Asia region. The centre will play a key role in driving the development and implementation of trusted AI systems in complex and mission-critical environments, thereby strengthening Thales’ R&D capabilities and long-term innovation footprint in Singapore.

    cortAIx SG positions Thales Singapore as a hub for AI leadership and joint innovation, aligned with the nation’s ambitions under the National AI Strategy. The centre will be driven by several key initiatives: including projects that enhance utilisation of knowledge and sensor suites to aid planning and decision support; increase operational efficiency; and drive human-autonomy teaming. Thales will work with the Singaporean government and ecosystem to grow domain and technology capabilities in Singapore, bringing together cutting-edge technology, talent and research to AI solutions that are ethical, transparent, explainable, and operationally effective.

    The announcement was made on the occasion of French President Mr. Emmanuel Macron’s State Visit to Singapore, with multiple agreements signed on 29th May and during the France–Singapore Frontier Technologies Forum on 30th May.

    1.Expansion of Strategic Partnership with HTX (Home Team Science & Technology Agency)

    Thales and HTX first signed a Master Agreement for Strategic Partnership for Innovation in 2020.  Today, they expanded the scope of this partnership, extending it for another three years to:

    1. Establish a joint-lab focused on AI-enabled technologies, local capability development and the formation of best practices for trustworthy AI within the local context;  
    2. Enable technology insertion through agile collaboration, testing and technology experimentation aligned to HTX’s evolving needs. Thales will support HTX in translating early-stage technical solutions into concrete systems that can be integrated into HTX’s homeland security programmes to drive rapid innovation and early adoption;
    3. Jointly develop a shared Research and Development (R&D) strategy and future technology roadmap relevant to public safety and security, bringing together HTX, Thales, academia and startups, across five critical technology frontiers: Artificial Intelligence (AI), Brain-Computer Interfaces (BCI), Cybersecurity, Quantum Technologies and Space.

    2.Joint Avionics Lab with Civil Aviation Authority of Singapore (CAAS) to innovate avionics-oriented solutions

    CAAS, Changi Airport Group (CAG), the International Centre for Aviation Innovation (ICAI), SATS Ltd. (SATS), Singapore Airlines (SIA) and Thales signed a Memorandum of Understanding (MOU) on 29th May 2025 to foster greater innovation and collaboration at the aviation ecosystem level.

    Under this MOU, the partners will work together to identify key challenges to solve and undertake joint innovation projects to develop solutions, which could include the following:

    1. Air traffic optimisation, by combining airlines’ flight operations and cockpit data with air traffic management information. AI-enabled algorithms can detect and predict holding patterns within a particular radius around Changi Airport, helping manage congestion and leading to reduced flight delays.
    2. Digitalising and optimising the data shared between airlines, air traffic management and airports. Data from sensors in the aircraft, like cameras or inflight entertainment systems, can provide real-time, automated data to complement current data streams like video content from ground infrastructures. Enhancing these with AI models can help airlines, air traffic managements and airport operators improve collaborative decision making.

    The Avionics Lab in Singapore, the first of its kind for Thales outside France, represents a significant milestone in deepening Thales’ avionics capabilities in Singapore and the region.   The Avionics Lab complements the AIR Lab (jointly set up by CAAS and Thales in 2019 to work on cutting-edge Air Traffic Management solutions) to optimise air transport operations in the region. 

    The Avionics Lab will serve as a vital platform for collaborative innovation, between the world leading aviation eco-system in Singapore and Thales, to co-develop and test cutting edge concepts grounded in real-world operational scenarios, strengthening Singapore’s position as a hub for aviation technologies.

    3.AI in critical systems for Defence through DSTA – Thales co-lab

    Announced in April this year, the Defence Science and Technology Agency (DSTA) and Thales have set up a joint lab for AI-enabled technologies, which can augment combat systems currently in use by the Singapore Armed Forces to efficiently handle drone threats. The lab will work on joint projects, the first of which is related to Counter-Unmanned Aircraft Systems (C-UAS) and advanced sensors.

    Thales is also providing a cyber-secured and AI-powered autonomous mine countermeasures system to the Republic of Singapore Navy, in partnership with ST Engineering. The sonars and mission management system are accompanied by data analysis tools reinforced with AI, in order ​ to facilitate target detection and identification that ease the workload of operators.

    These initiatives form the core of Thales’s AI strategy in Singapore and touch on key sectors aligned with the National AI Strategy 2.0. These collective partnerships will see Thales grow its pool of AI experts in Singapore to over several dozen in the next three years, adding to the Group’s global cortAIx network of 800 highly-skilled AI and data specialists.

    “The launch of cortAIx SG by Thales will add new capabilities to Singapore’s growing AI and innovation ecosystems, and builds on Thales’s longstanding presence in Singapore. We look forward to the impactful AI-enabled solutions cortAIx SG will develop in partnership with our ecosystem for Singapore and the region,” said Cindy Koh, Executive Vice President, EDB.

    “Thales is honoured to be working with our strategic partners in Singapore to bring new technologies to the fore, whether in aviation, in public security or to help reinforce national defence and sovereignty. Being able to announce the launch of cortAIx SG this week, in the presence of Ms Clara Chappaz, French Minister Delegate for AI and Digital Affairs and Ms Josephine Teo, Singapore’s Minister for Digital Development and Information and Minister-in-charge of Smart Nation and Cybersecurity, is a true recognition of our role as a technology leader, notably as France and Singapore celebrate 60 years of bilateral cooperation. cortAIx SG will be a valuable asset to help our customers and partners embrace the vast opportunities AI has to offer, deploying it as a force for good, in support of Singapore’s National AI Strategy. We are excited at the prospect of bringing our leading technology, talent and research to deliver AI solutions that are ethical, transparent, explainable and effective.” said Philippe Keryer, Senior Executive Vice President, Strategy, Research and Technology, Thales.

    Thales in Singapore

    Thales has been present in Singapore since 1973, where it has grown from a small avionics presence into a major hub with 2,000 employees across aerospace, defence, cybersecurity, and digital identity (CDI). The country now hosts Thales’s largest CDI manufacturing centre, avionics manufacturing and MRO centre, and cutting-edge R&D labs, including the AIR Lab with CAAS, a joint lab with HTX and the CINTRA research unit with NTU and CNRS. Recent investments include the Thales Singapore Defence Hub, a Co-Lab with DSTA, and Centres of Excellence in Air Traffic Management and Public Security.

    About Thales

    Thales (Euronext Paris: HO) is a global leader in advanced technologies for the Defence, Aerospace, and Cyber & Digital sectors. Its portfolio of innovative products and services addresses several major challenges: sovereignty, security, sustainability and inclusion.

    The Group invests more than €4 billion per year in Research & Development in key areas, particularly for critical environments, such as Artificial Intelligence, cybersecurity, quantum and cloud technologies. Thales has more than 83,000 employees in 68 countries. In 2024, the Group generated sales of €20.6 billion.

    1Civil Aviation Authority of Singapore

    2Defence Science and Technology Agency

    3Home Team Science & Technology Agency

    4International Centre for Aviation Innovation

    MIL OSI Economics –

  • MIL-OSI: Poland’s PFR Launches €150 M Deep-Tech Fund-Of-Funds

    Source: GlobeNewswire (MIL-OSI)

    WARSAW, Poland, May 30, 2025 (GLOBE NEWSWIRE) — PFR Ventures, the investment arm of the Polish Development Fund (PFR), has introduced PFR Deep Tech, a fund-of-funds programme that will deploy at least €150 million into breakthrough and dual-use technologies. Half of the capital is being supplied by PFR, and the rest will be raised from private and institutional partners.

    The new programme is designed to back venture-capital managers with established records in scaling deep-tech companies. Target sectors include artificial intelligence, cybersecurity, advanced materials, robotics, space and dual use. Selected funds must match PFR’s commitment euro-for-euro and invest at least the same amount in businesses that maintain a clear Polish nexus through R&D, operations or headquarters.

    “We are filling a financing gap for frontier technologies that often require more patience than traditional VC can offer,” said Mikołaj Raczyński, Vice-President of PFR. “Poland already has world-class engineers and scientists; what has been missing is a patient pool of capital that lets their ideas mature here rather than migrating abroad. Ukraine’s proximity is more than just a geopolitical backdrop; it brings concrete needs and gives us sharper insight into the dual-use technology market.”

    PFR Ventures expects to anchor three to five specialised funds, which together could back up to 80 high-potential businesses over the life of the programme. Raczyński added that the initiative is meant to attract both global expertise and domestic talent: “By pairing public money with private know-how, we aim to embed Poland deeper in global value chains while keeping intellectual property and high-skill jobs at home.”

    The launch builds on PFR Ventures’ position as Central Europe’s largest institutional limited partner (LP). The organisation already supports more than 90 venture capital, private equity and private credit funds. “The Polish capital market has the foundations to become a regional investment hub” Raczyński noted. “With PFR Deep Tech we are sharpening our focus on technologies that matter for both economic competitiveness and security.”

    The Polish Development Fund (PFR) is committed to supporting Poland’s sustainable economic growth by fostering domestic investment, promoting the international expansion of Polish enterprises, and collaborating with foreign partners.

    Source: PFR

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes Badger Infrastructure Solutions Ltd. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 30, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Badger Infrastructure Solutions Ltd. (TSX: BDGI; OTCQX: BDGIF), North America’s largest provider of non-destructive excavating and related services, has qualified to trade on the OTCQX® Best Market. Badger Infrastructure Solutions Ltd. upgraded to OTCQX from the Pink® market.

    Badger Infrastructure Solutions Ltd. begins trading today on OTCQX under the symbol “BDGIF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

    “We are excited to be added to the OTCQX® Best Market, which provides the opportunity to broaden our market access, enhance liquidity, and strengthen our U.S. investor presence. This move enhances our visibility within the U.S. investment community and provides a convenient way for investors to trade our shares in their own currency and local market. It positions us to expand our investor base as we continue to build sustainable, scalable growth while delivering exceptional service and value to our customers and stakeholders,” said Rob Blackadar, Badger Infrastructure’s President & CEO.

    About Badger Infrastructure Solutions Ltd.
    Badger Infrastructure Solutions Ltd. is North America’s largest provider of non-destructive excavating and related services. Badger works for contractors and facility owners in a broad range of infrastructure industries and in general commercial construction. Badger’s customers typically operate near high concentrations of underground power, communication, water, gas and sewer lines, where safety and economic risks are high and where non-destructive excavation provides a safe alternative for certain customer excavation requirements. The Company’s key technology is the Badger HydrovacTM, which uses a pressurized water stream to liquify the soil cover, which is then removed with a powerful vacuum system and deposited into a storage tank. Badger is unique in the non-destructive excavation industry because it designs and manufactures all of its hydrovac units at its plant in Red Deer, AB, which has an annual production capacity of more than 350 hydrovac units. To complement the Badger Hydrovac, the Company has a select number of specialty units, including combo trucks, sewer and flusher units, and Air Vacs. The Company is headquartered in Calgary, AB, has a U.S. administrative office and training centre in Brownsburg, IN, a suburb of Indianapolis, IN, and services customers from approximately 140 field locations across both Canada and the United Sates.

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.

    Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS™ are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

    To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network –

  • MIL-OSI: Paycheck-to-Paycheck to Financial Freedom: Bitcoin Solaris Opens Mobile Mining Access Ahead of Nova App Launch

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, May 30, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris (BTC-S), a decentralized blockchain protocol focused on real-world accessibility and mobile-first infrastructure, has officially opened early access to its Nova App—a passive mobile mining platform that enables users to earn daily crypto rewards from any smartphone or personal device. This announcement comes as the project enters Phase 5 of its presale, ahead of the app’s full public rollout.

    Mining from a Smartphone: Turning Idle Time into Daily Income

    The Nova App, now in limited beta release, allows users to earn BTC-S tokens by allocating 1–5 GB of storage and idle CPU power while their device charges. Rewards are distributed daily based on uptime, with no hardware requirements, no technical knowledge, and no upfront capital needed to participate. The team shared a picture of the app in the Telegram group, and the community went absolutely wild with excitement.

    By removing traditional barriers such as staking lockups or expensive mining rigs, Bitcoin Solaris makes digital asset participation viable for anyone with a smartphone, regardless of income or experience. The app is designed to operate seamlessly in the background, creating a new kind of income stream for global users living paycheck-to-paycheck.

    Infrastructure Built for Global Scale

    Bitcoin Solaris runs on a dual-layer blockchain architecture optimized for throughput and decentralization. The protocol combines multiple consensus models—including Proof-of-Stake (PoS), Proof-of-Capacity (PoC), Proof-of-History (PoH), and Proof-of-Time (PoT)—to support:

    • 10,000+ transactions per second
    • 2-second finality
    • Thousands of simultaneous mobile miners

    This architecture is designed to ensure that as Nova App adoption grows, the network can distribute mining rewards efficiently—without congestion, centralization, or performance bottlenecks.

    Independent Verification and Presale Opportunity

    Bitcoin Solaris has completed third-party security audits from Cyberscope and Freshcoins, along with KYC verification of its founding team. These steps provide foundational trust for new users entering the crypto space through BTC-S.

    Currently in Presale Phase 5, Bitcoin Solaris is offering tokens at $5 USDT, with a planned launch price of $20 USDT. Key presale details include:

    • Presale Ends: July 31, 2025
    • Token Price (Phase 5): 5 USDT
    • Public Listing Price: 20 USDT
    • Bonus: 11% additional tokens
    • Fixed Supply: 21 million BTC-S
    • Presale Allocation: 20% (4.2 million tokens)
    • Future Distribution: Exclusively via Nova App mining

    This phase offers early users the opportunity to join the network before mining difficulty adjusts upward and token distribution shifts to on-chain mining rewards

    Early Participation Still Open

    Bitcoin Solaris is currently in presale phase 5, where BTC-S is priced at 5 USDT. The planned public listing price is 20 USDT, creating a clear opportunity for discounted entry before centralized exchange exposure and mobile mining rollout. From the total 21 million BTC-S supply, 4.2 million tokens (20%) are allocated across presale stages. There is no inflation — future token distribution occurs only through Nova App mining.

    This presale phase offers more than price advantage. It ensures access to early mining when competition is low and difficulty is minimal. Timing, as history shows, is the primary wealth driver in crypto. For retail users, this is that moment.

    In a recent segment, Crypto Volt explains why Bitcoin Solaris is not just another presale but a system designed to bring working-class participants into the same wealth cycle that defined crypto’s early success stories. From mobile mining to supply caps, he outlines how BTC-S is replicating the conditions that allowed early adopters to break free from paycheck dependency.

    Bitcoin Solaris is more than a token—it’s a financial tool for the global majority. Whether you’re a gig worker, student, or first-time crypto participant, BTC-S offers a chance to earn daily and grow value long-term with nothing more than a connected device.

    The Nova App public release is scheduled alongside the token listing, but early access is now open to presale participants and selected community members.

    Start Earning. Start Early.

    Bitcoin Solaris aims to bridge the gap between passive tech users and active digital asset earners. With mobile mining, a fixed supply model, and verified infrastructure, the network is building toward a more inclusive financial future one daily reward at a time.

    To learn more or participate in the presale:
    Website: https://bitcoinsolaris.com/
     X (Twitter): https://x.com/BitcoinSolaris
     Telegram: https://t.me/Bitcoinsolaris

    Media Contact
    Xander Levine
    press@bitcoinsolaris.com
    Press Kit: Available on request

    Disclaimer: This is a paid post and is provided by Bitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/81d959ff-b71e-4c72-9fe5-041dad27513a

    https://www.globenewswire.com/NewsRoom/AttachmentNg/655ce773-ce3c-491d-9f7e-d6ca761a57d8

    https://www.globenewswire.com/NewsRoom/AttachmentNg/354b1750-eeb6-447b-b1a0-4f5a81f89eba

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6f270fa8-361e-4f4f-b224-db5200870fc3

    The MIL Network –

  • MIL-OSI Banking: Behind Slim: How Samsung Engineered the Galaxy S25 Edge To Break Boundaries

    Source: Samsung

    Understanding users’ evolving needs is key to developing technology that truly matters. The new Galaxy S25 Edge combines flagship-level performance with a portable design, serving as a powerful pocket-sized AI companion that pushes the boundaries of what a mobile device can be.
     
    The Galaxy S25 Edge is more than just a slim smartphone. Every curve, contour and component reflects a breakthrough in precision engineering, delivering a premium experience befitting the S series’ legacy.
     
    Extensive experimentation was required to strike this balance, with numerous prototypes developed to test new combinations of components and structures — challenging established standards in mobile hardware design. The result is a no-compromise smartphone, meticulously engineered for design, performance and camera excellence.
     

     
     
    Ultrathin Yet Built To Last
    The Galaxy S25 Edge continues the design language of the S series while achieving the slimmest profile in Galaxy S series history — measuring just 5.8mm thick and weighing only 163g.
     
    To make this possible, the idea of a smartphone was reimagined from the ground up. The Galaxy S25 Edge’s internal structure features a new mounting system, allowing components to be placed with precision down to 0.1mm.
     
    But the new device isn’t just slim — it’s tough as well. Premium materials, including a titanium frame as seen in the Galaxy S25 Ultra, make up the Galaxy S25 Edge’s robust exterior. It’s further reinforced by Corning® Gorilla® Glass Ceramic 2, a new display cover material strengthened with Samsung’s processing techniques.
     
    It’s a careful balance of design and durability – all without compromise.
     

     

     

     

     
     
    Cool Under Pressure
    The Galaxy S25 Edge may be the slimmest S series device yet, but there’s nothing light about its performance. From everyday responsiveness to intense multitasking, Samsung’s latest smartphone delivers the same power and speed found across the Galaxy S25 series.
     
    At its heart is the Snapdragon® 8 Elite Mobile Platform for Galaxy1 – a powerful processor customized by Qualcomm Technologies, Inc. to set new standards for on-device AI processing and daily performance. True performance, however, goes beyond the chipset, especially in a device so thin.
     
    A custom thermal system — featuring a reconfigured vapor chamber 10% larger than the one used in the Galaxy S25+ — was developed to suit the Galaxy S25 Edge’s slim profile. To maintain thinness while efficiently managing heat, Samsung introduced a new “hole structure” — a first for Galaxy smartphones — in which a portion of the front metal frame was removed to allow more direct heat transfer from the application processor to the vapor chamber.
     
    In addition, a precisely tailored thermal interface material helps absorb and disperse heat from surrounding components. The outcome? A phone that stays fast, cool and responsive — no matter the task.
     
    The Galaxy S25 Edge shows that power doesn’t need more space — just smarter engineering.
     

     
     
    Ultra-level Camera
    A hallmark of the Galaxy S25 Ultra is the premium camera experience, and the Galaxy S25 Edge brings that level of performance to a sleek new form. Its dual camera system with wide and ultra-wide lenses includes a 200MP main sensor that captures Galaxy S25 Ultra-level shots with extraordinary clarity, vibrant color and true-to-life detail, even in challenging lighting conditions.
     
    The thickness of the main camera was reduced by more than 10% through structural optimization of the autofocus and optical image stabilization. A two-layer camera housing design offsets the module’s height, allowing the 200MP sensor to sit naturally within the frame without disrupting the phone’s silhouette. The result is a Galaxy camera experience fit for pros, now in a slimmer, more compact form.
     

     
    The Galaxy S25 Edge embodies Samsung’s dedication to overcoming long-standing limitations in mobile engineering. By uniting flagship performance, intelligent experiences and a pro-grade camera system in a slimmer, more refined form, the device unlocks what’s possible when every detail is designed with intention. More than a design milestone, the Galaxy S25 Edge marks the next chapter in mobile innovation — where design and engineering move forward, together.
     
     
    1 Snapdragon is a trademark or registered trademark of Qualcomm Incorporated. Snapdragon is a product of Qualcomm Technologies, Inc. and/or its subsidiaries.

    MIL OSI Global Banks –

  • MIL-OSI Russia: “HSE and VTB Partnership: Cooperation to Solve Applied Problems”

    Translation. Region: Russian Federal

    Source: State University Higher School of Economics – State University Higher School of Economics –

    © Higher School of Economics

    A project session dedicated to scientific and technological cooperation between the university and VTB Bank was held at the Higher School of Economics. HSE employees presented a wide range of projects that will help ensure the bank’s technological leadership. For example, this includes creating 3D avatars based on a person’s photo or solutions to reduce employee stress levels. In total, 21 projects were taken on by the bank. The next meeting of VTB and HSE representatives will take place in September.

    The session was attended by experts from the “Testing New Technologies” stream, as well as experts from the data analysis and modeling departments and the digital development operating model of VTB and representatives of the bank’s technology partner, IT holding T1.

    The strategic session began with a welcome from the host.

    “HSE is a large university. We have five campuses, including an online campus. HSE has more than 55 thousand students, almost 4.5 thousand teachers and researchers, and the university carries out more than 600 research projects annually. These projects give us more than 3,000 publications, and it is very pleasing that HSE published 40% of Russian A* reports on artificial intelligence last year,” said Igor Sokolov, Director of Research and Development at HSE, a little about what the university is today. According to him, the university conducts more than 150 unique fundamental studies annually and more than 270 applied projects are done for organizations, ministries and departments.

    Most of the projects at HSE are implemented by research departments (the largest is Institute for Statistical Research and Economics of Knowledge), the contribution of faculties is growing annually, and one of the goals of the strategic session is their active involvement in interaction with partners, noted Igor Sokolov.

    At the beginning of the program “Priority 2030“HSE’s revenue from research and development from all sources amounted to 5 billion rubles. By 2030, the university has set an ambitious goal of doubling this amount “on a parity basis: half from the state assignment, half from applied research,” he also said. “At the moment, we expect that applied research at HSE will slightly outpace the state assignment, including with the participation of partners such as VTB Bank,” Igor Sokolov added.

    Director Center for commercialization of developments and technology transfer HSE University Anton Yanovsky, in turn, noted that HSE is a university that knows how to make intellectual products and sell them under a license model. According to him, HSE already has a fairly large package of products from various fields – from expert analytics, medical applications, genetic tests to linguistic applications and sensory testing systems.

    The list of such products is constantly growing. “Our task is not just to transfer the results of scientific research to the customer, but also to create products together with them that can be sold in series,” Anton Yanovsky noted. If we consider the dynamics of the development of relations with business partners, the university has a growing number of licensing deals, he added.

    “VTB is actively developing interaction with technological innovations from the open market, including through work with scientific schools. Today, the bank has built its own system for working with innovations, several teams that have colossal expertise in research, testing and piloting innovative technological solutions. The bank has a fairly high appetite for using breakthrough technologies to solve business problems,” said Deputy Head of the IT Architecture Department, Vice President of VTB Andrey Kovalenko.

    The heads of the VTB Accelerator teams, the VTB Innovation Studio and the VTB Technology Laboratory shared their expertise on how to build effective cooperation with the bank, and also reviewed HSE projects for the potential development of partnership.

    Among the solutions presented by HSE employees were projects to create a visual search system within videos, an educational chatbot, a model for generating 3D avatars based on a person’s photograph, as well as projects for solutions to reduce employee stress. A total of 32 projects were reviewed, 5 of which were from the HSE campuses in Perm and St. Petersburg. Following the review, 21 projects were included in the framework of the mutual cooperation agreement. Representatives of VTB and HSE agreed that the next strategic session will be held in the fall.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Thailand aims to become regional hub for AI, digital innovation: deputy PM

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    BANGKOK, May 30 (Xinhua) — Thailand is advancing a national transformation strategy and aiming to become a regional hub for artificial intelligence (AI) and digital innovation, Deputy Prime Minister and Minister of Digital Economy and Society Prasert Chantharawongthong said in a video message Thursday at the Huawei Thailand Digital and AI Summit 2025.

    He pointed to the important role of AI and digital innovation in Thailand’s long-term development strategy, noting that the country’s digital economy is growing rapidly and will expand by 7.3 percent in 2025.

    “Under the ‘Economic Growth Engine of Thailand’ program, we aim to enhance national competitiveness, create a safe digital environment, and nurture a new generation of digital talent,” said P. Chantharawongthong. Thailand aims to strengthen its digital infrastructure, create a safe digital environment that protects users’ rights and enjoys public trust, and develop human capital by training talent and developing AI developers over the next two years, he added.

    In support of the country’s talent development policy, Chinese tech giant Huawei and Thailand’s Chulalongkorn University are collaborating to develop AI-focused curricula, develop ICT infrastructure, and transform the university into a fully integrated smart campus.

    “This collaboration with Huawei reflects our strong commitment to digital transformation in education and preparing our students and staff for the future digital economy,” said Parichat Sthapitanonda, vice president of the university.

    Huawei Technologies Thailand CEO Li Xiongwei pointed to the transformative power of AI for society. “By collaborating with government, industry, and academia, Huawei aims to advance all sectors, from agriculture to healthcare to finance,” he said.

    The summit brought together more than 2,000 participants, including government leaders, global tech leaders and academics, to explore the next phase of Thailand’s digital economy, powered by AI, cloud innovation and cross-sector collaboration. –0–

    MIL OSI Russia News –

  • MIL-OSI: Hyperscale Data Announces 35 Consecutive Monthly Cash Dividend Payments Timely Paid for Series D Cumulative Redeemable Perpetual Preferred Stock

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, May 30, 2025 (GLOBE NEWSWIRE) — Hyperscale Data, Inc. (NYSE American: GPUS), a diversified holding company (“Hyperscale Data” or the “Company”), today announced that it has successfully paid 35 consecutive monthly cash dividends for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock (the “Series D Preferred Stock”). Dividends on the Series D Preferred Stock are cumulative and are payable out of amounts legally available therefor at a rate equal to 13.00% per annum per $25.00 of stated liquidation preference per share, or $0.2708333 per share of Series D Preferred Stock per month.

    Milton “Todd” Ault III, Founder and Executive Chairman of the Company, stated, “As we continue transforming Hyperscale Data into a pureplay artificial intelligence (“AI”) data center platform, we remain focused on operational performance, growth, and delivering value to our stockholders. The timely payment of 35 consecutive monthly cash dividends reflects the Company’s commitment to its overall credit profile and the long-term nature of the Series D Preferred Stock.”

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

    About Hyperscale Data, Inc.

    Through its wholly owned subsidiary Sentinum, Inc., Hyperscale Data owns and operates a data center at which it mines digital assets and offers colocation and hosting services for the emerging AI ecosystems and other industries. Hyperscale Data’s other wholly owned subsidiary, Ault Capital Group, Inc. (“ACG”), is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

    Hyperscale Data expects to divest itself of ACG on or about December 31, 2025 (the “Divestiture”). Upon the occurrence of the Divestiture, the Company would solely be an owner and operator of data centers to support high-performance computing services, though it may at that time continue to mine Bitcoin. Until the Divestiture occurs, the Company will continue to provide, through ACG and its wholly and majority-owned subsidiaries and strategic investments, mission-critical products that support a diverse range of industries, including an AI software platform, social gaming platform, equipment rental services, defense/aerospace, industrial, automotive, medical/biopharma and hotel operations. In addition, ACG is actively engaged in private credit and structured finance through a licensed lending subsidiary. Hyperscale Data’s headquarters are located at 11411 Southern Highlands Parkway, Suite 190, Las Vegas, NV 89141.

    On December 23, 2024, the Company issued one million (1,000,000) shares of a newly designated Series F Exchangeable Preferred Stock (the “Series F Preferred Stock”) to all common stockholders and holders of the Series C Convertible Preferred Stock on an as-converted basis. The Divestiture will occur through the voluntary exchange of the Series F Preferred Stock for shares of Class A Common Stock and Class B Common Stock of ACG (collectively, the “ACG Shares”). The Company reminds its stockholders that only those holders of the Series F Preferred Stock who agree to surrender such shares, and do not properly withdraw such surrender, in the exchange offer through which the Divestiture will occur, will be entitled to receive the ACG Shares and consequently be stockholders of ACG upon the occurrence of the Divestiture.

    Forward-Looking Statements

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

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

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

    The MIL Network –

  • MIL-OSI: TIAN RUIXIANG Holdings Ltd to Acquire Ucare Inc. in US$150 Million All-Stock Deal, Advancing In-Hospital Health Insurance Strategy

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, May 30, 2025 (GLOBE NEWSWIRE) — TIAN RUIXIANG Holdings Ltd (Nasdaq: TIRX) (the “Company” or “TRX”), a China-based insurance broker, today announced plans to acquire 100% of issued and outstanding shares of Ucare Inc. (“Ucare”), the sole operator of China’s only cloud-based AI-driven hospital and health insurance risk management platform, in an all-share deal valued at US$150 million. This strategic move aims to unlock new growth opportunities in the health insurance segment.

    The Company and its wholly-owned subsidiary, VitaCare Limited (“VitaCare”) have entered into a share exchange agreement (the “Agreement”) with certain shareholders (the “Sellers”) of Ucare and other parties. Under the Agreement, the Sellers will receive 101,486,575 newly-issued class A ordinary shares (“Shares”) of TRX, each with a par value of US$0.025. The number of Shares is calculated based on the weighted average closing price of TRX’s Class A ordinary shares over the three months preceding the Agreement, at a per-share price of US$1.478. The Shares will represent approximately 91.75% of the Company’s total issued and outstanding Class A ordinary shares and approximately 13.70% of its total voting power upon closing, which is subject to customary conditions.

    Ucare develops innovative healthcare solutions that enable providers, payers, and institutions to reduce fraud, abuse, waste, and administrative costs. Powered by the largest hospital database, Ucare’s cloud-based generative AI platform continuously refines disease models by integrating real-world data, the latest medical guidelines, and real-time intelligence. Ucare’s vision is to ease the burden on patients, expand coverage, and ultimately improve access to healthcare for everyone. It currently serves over 4,000 hospitals and has contributed an estimated US$6.82 billion reduction in avoidable healthcare expenditures as of December 2024. For the fiscal year ended October 31, 2024, Ucare reported a net profit of US$0.6 million on revenues of US$5.4 million.

    This acquisition comes at a time when China’s health insurance market is rapidly expanding to complement national health coverage reforms. By integrating Ucare’s AI-driven data analytics, institutional channels, and clinical treatment guidance tools, TRX aims to build differentiated health insurance products, strengthen their distribution within hospital systems, and accelerate its transition into a data-powered, platform-based insurance service provider.

    The transaction is expected to close on or about July 2025. Shares issued to the Sellers will be held in escrow and released based on Ucare achieving a cumulative revenue target of at least RMB150 million over the three years following closing. Post-transaction, Ucare will operate as a wholly-owned subsidiary of VitaCare. Key Ucare management, including Chief Executive Officer Mr. Wei Zhu, will remain in their roles to drive continuity and growth.

    Mr. Wei Zhu, Chief Executive Officer of Ucare, stated, “We are excited to join forces with TRX in a transaction that validates our mission and achievements. Over the years, we’ve built China’s leading hospital management platform, powered by proprietary AI algorithms and a deep understanding of healthcare system dynamics. TRX’s platform, capital access, and industry network will empower us to scale R&D, integrate the latest generative AI into clinical pathways, and expand our offerings from medical institutions to insurance companies. This marks a pivotal moment in building a unified ecosystem that brings hospitals, insurers, and patients closer together for more efficient, transparent healthcare.”

    Ms. Sheng Xu, Director, Chairwoman and Chief Executive Officer of TRX, commented, “This Agreement with Ucare represents a critical acquisition that expands our business channels by adding health insurance offerings that complement our property insurance products. With its unique positioning and first-mover advantage as the sole provider of cloud-based AI solutions for health insurance risk management, Ucare gives us privileged access to healthcare data, decision-makers, and patient journeys. This will significantly enhance our ability to design tailored insurance products，recommend solutions, streamline claims and diversify revenues. We view Ucare not only as a growth engine but as a strategic hub that bridges insurance services with healthcare delivery—an integration we believe will define the next decade of our industry.”

    About TIAN RUIXIANG Holdings Ltd
    TIAN RUIXIANG Holdings Ltd, headquartered in Beijing, China, is an insurance broker operating in China through its China-based variable interest entity. It distributes a wide range of insurance products, which are categorized into two major groups: (1) property and casualty insurance, such as commercial property insurance, liability insurance, accidental insurance, and automobile insurance; and (2) other types of insurance, such as health insurance, life insurance, and other miscellaneous insurance.

    About Ucare Inc.
    Ucare Inc. develops innovative healthcare solutions that enable providers, payers, and institutions to reduce fraud, abuse, waste, and administrative costs. Powered by the largest hospital database, Ucare’s cloud-based generative AI platform continuously refines disease models by integrating real-world data, the latest medical guidelines, and real-time intelligence. Ucare’s vision is to ease the burden on patients, expand coverage, and ultimately improve access to healthcare for everyone.

    Forward-Looking Statements
    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review risk factors that may affect its future results in the Company’s registration statement and in its other filings with the U.S. Securities and Exchange Commission.

    For investor and media enquiries, please contact:
    TIAN RUIXIANG Holdings Ltd
    Investor Relations Department
    Email: ir@tianrx.com

    Water Tower Research
    Feifei Shen
    Email: feifei@watertowerresearch.com

    The MIL Network –

  • Operation Sindoor outreach: Ravi Shankar Prasad-led delegation receives briefing on India-Denmark relations

    Source: Government of India

    Source: Government of India (4)

    An all-party Indian parliamentary delegation led by senior BJP MP Ravi Shankar Prasad was given a comprehensive briefing on Thursday by Indian Ambassador to Denmark, Manish Prabhat, as part of India’s ongoing diplomatic outreach under Operation Sindoor.

    The briefing focused on the India-Denmark Green Strategic Partnership, shared democratic values, and the global challenge of terrorism.

    “The All-Party Parliamentary Delegation was given a detailed briefing by Ambassador Manish Prabhat on India-Denmark bilateral relations of ‘Green Strategic Partnership’, shared values and issues of mutual concern including the challenge of combating terrorism globally,” the Embassy of India in Copenhagen posted on X.

    The delegation’s visit to Denmark follows a successful leg in Italy, where the group highlighted India’s firm stance against Pakistan-sponsored cross-border terrorism and emphasized the “new normal” policy of zero tolerance.

    During their stay in Copenhagen, the Indian MPs are scheduled to meet with senior Danish leaders, including Deputy Speaker of the Danish Parliament Lars-Christian Brask, Chairman of the Foreign Policy Committee Christian Friis Bach, other sitting Members of Parliament, as well as select former lawmakers, political figures, journalists, and members of the Indian diaspora.

    Earlier on Thursday Ravi Shankar Prasad shared details of the delegation’s engagements with key Italian officials and institutions. “We had enriching interactions with Italy’s Under Secretary of State for Foreign Affairs and International Cooperation, Maria Tripodi, Senator Giulio Tremonti, President and Members of the Committee on Foreign Affairs and European Commission, in the Chamber of Deputies,” he posted on X.

    “We also engaged with prominent think tanks and strategic experts. We shared India’s zero-tolerance approach to terrorism and our resolve to combat it in all forms. Encouragingly, we found a common understanding between India and Italy on the issue of global terrorism. Both nations affirmed their commitment to working together for peace and amity, underscoring the strong relationship between India and Italy,” he added.

    The nine-member delegation includes BJP leaders Daggubati Purandeswari, Ghulam Ali Khatana, and Samik Bhattacharya; Priyanka Chaturvedi of Shiv Sena (UBT); Amar Singh of the Congress; M. Thambidurai of the AIADMK; former Union Minister M.J. Akbar; and former diplomat Pankaj Saran.

    (With inputs from IANS)

  • MIL-OSI: Aurora Mobile’s GPTBots.ai Welcomes the Enhanced DeepSeek-R1-0528 Model to Power Enterprise AI Solutions

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, May 30, 2025 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading provider of customer engagement and marketing technology services in China, today announced the integration of newly updated DeepSeek-R1-0528—a groundbreaking open-source reasoning AI model that rivals proprietary giants like OpenAI’s o3 and Google’s Gemini 2.5 Pro—into its leading enterprise-grade AI platform GPTBots.ai. This significant update, released by DeepSeek, brings enhanced reasoning capabilities and developer-friendly features, further empowering GPTBots.ai to deliver cutting-edge AI solutions to enterprises worldwide.

    Why DeepSeek-R1-0528 Matters for GPTBots.ai Users

    The DeepSeek-R1-0528 model brings substantial advancements in reasoning capabilities, achieving notable benchmark improvements such as AIME 2025 accuracy rising from 70% to 87.5% and LiveCodeBench coding performance increasing from 63.5% to 73.3%. These enhancements empower GPTBots.ai users to tackle complex tasks in domains like math, science, business, and programming with greater precision and efficiency.

    Additionally, the model’s reduced hallucination rate, along with support for JSON output and function calling, ensures seamless integration into business workflows, delivering reliable and consistent results. These improvements align perfectly with the mission of GPTBots.ai to provide secure, scalable, and enterprise-ready AI solutions.

    Smaller Variants for Scalable Deployments

    For enterprises with limited compute resources, DeepSeek has introduced a distilled version, DeepSeek-R1-0528-Qwen3-8B, optimized for smaller-scale applications. This variant achieves state-of-the-art performance among open-source models while requiring only 16 GB of GPU memory, making it accessible for businesses with modest hardware setups.

    Open Source, Enterprise-Ready

    DeepSeek-R1-0528 is available under the permissive MIT License, supporting commercial use and customization. This open-source approach aligns with the commitment of GPTBots.ai to offering flexible, cost-effective solutions that empower enterprises to build tailored AI applications without the constraints of proprietary models.

    What This Means for GPTBots.ai Clients

    By integrating DeepSeek-R1-0528, GPTBots.ai enhances its platform’s ability to deliver advanced AI solutions for industries such as finance, healthcare, education, and e-commerce. Whether it’s automating customer support, optimizing decision-making, or generating actionable insights, GPTBots.ai clients can now access even more powerful tools to drive innovation and efficiency.

    Looking Ahead

    The release of DeepSeek-R1-0528 underscores the growing potential of open-source AI models in enterprise applications. GPTBots.ai has swiftly integrated DeepSeek’s latest advancements into its platform, enabling businesses to stay ahead in the rapidly evolving AI landscape.

    About GPTBots.ai

    GPTBots.ai is an enterprise AI agent platform that empowers businesses to streamline operations, enhance customer experiences, and drive growth. Offering end-to-end AI solutions across customer service, knowledge search, data analysis, and lead generation, GPTBots.ai enables enterprises to harness the full potential of AI with ease. With seamless integration into various systems, and support for scalable, secure deployments, GPTBots.ai is dedicated to reducing costs, accelerating growth, and helping businesses thrive in the AI era.

    For more information, please visit www.gptbots.ai.

    About Aurora Mobile Limited

    Founded in 2011, Aurora Mobile (NASDAQ: JG) is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises’ digital transformation.

    For more information, please visit https://ir.jiguang.cn/.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.

    For more information, please contact:

    Aurora Mobile Limited 
    E-mail: ir@jiguang.cn

    Christensen
    In China
    Ms. Xiaoyan Su
    Phone: +86-10-5900-1548
    E-mail: Xiaoyan.Su@christensencomms.com

    In U.S.
    Ms. Linda Bergkamp
    Phone: +1-480-614-3004
    Email: linda.bergkamp@christensencomms.com

    The MIL Network –

  • MIL-OSI Russia: Mikhail Mishutin held a meeting on the situation in the coal industry

    Translation. Region: Russian Federal

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

    M. Mishustin: “This is one of the basic industries that ensures the stable operation of the most important sectors of the economy, including metallurgy, electric power, and housing and utilities. It also participates in solving social problems.”

    Opening remarks by Mikhail Mishustin:

    Good afternoon, dear colleagues!

    Opening remarks by Mikhail Mishustin at a meeting on the situation in the coal industry

    11 hours ago

    Today we will discuss the situation in the coal industry. This is one of the basic industries that ensures the stable operation of the most important sectors of the economy, including metallurgy, electric power and housing and utilities. It also participates in solving social problems.

    In this area, Russia is one of the three largest exporters. This means that incentives are being created for the development of transport infrastructure, primarily railways. The main sales markets here are China, India, Turkey and Korea, as well as other countries in Southeast Asia and Africa.

    On the instructions of the President, the Government has implemented a number of measures to support the industry. In particular, an agreement was concluded between Russian Railways and the Kemerovo Region on the guaranteed export of significant volumes of coal in the eastern direction. The share of innovative rolling stock has been increased. Rates for wagon operators and for transshipment in ports have been reduced. An end-to-end transportation technology has been introduced, which has made it possible to reduce delivery time from Kuzbass to southern ports by almost half, which significantly reduces companies’ transportation costs.

    Participants of the meeting

    List of participants of the meeting on the situation in the coal industry

    The federal budget financed measures to restructure the coal industry. The funds were used to resettle citizens, as well as for social support for employees dismissed due to the liquidation of organizations, for additional pension provision, technical and other purposes.

    A program is being implemented to further improve working conditions, increase the safety of mining operations and, of course, reduce accidents and injuries.

    Mikhail Mishutin held a meeting on the situation in the coal industry

    May 30, 2025

    Mikhail Mishutin held a meeting on the situation in the coal industry

    May 30, 2025

    Previous news Next news

    Mikhail Mishutin held a meeting on the situation in the coal industry

    The corresponding infrastructure is also being developed. Operation of the Pacific Railway has begun, construction of the ports of Elga and Lavna is underway. Coal mining centers are being created in the east of the country with favorable mining and geological occurrence of raw materials. And a shorter transportation shoulder to the main sales markets.

    New technologies and modern equipment are also being actively introduced. This allows for a significant increase in extraction efficiency and productivity. If in Soviet times about one and a half million people worked in the industry, then according to the results of last year – only slightly more than 150 thousand. At the same time, the volume of extracted raw materials exceeded the values of the last years of the USSR by almost fifteen million tons.

    It is obvious that the innovative potential of the coal industry is far from exhausted. Enterprises are engaged in the implementation of three-dimensional modeling technologies, optimization of mine equipment, coal extraction, including at low-power seams.

    In recent years, the industry has faced new serious challenges. World prices for all types of such fuel have fallen sharply. This year, unfortunately, the situation continues to worsen. In the first four months, export prices have fallen by almost a quarter. The situation is also complicated by the high debt load of companies. Significant expenses are required to maintain current operations, ensure industrial safety, labor protection and the environment.

    A whole series of measures have been developed to level the situation. It is necessary to help promising organizations that are experiencing temporary difficulties.

    In agreement with the President, I gave the corresponding instructions to the Minister of Finance Anton Germanovich Siluanov, the Minister of Energy Sergey Evgenievich Tsivilev, and the head of Russian Railways Oleg Valentinovich Belozerov. They visited the Kemerovo Region, discussed the most pressing issues with the management and employees of coal enterprises, and presented me with a number of proposals. Now we will discuss all of this in detail and report to the President.

    We hope that this will allow us to make all the necessary decisions to balance the situation.

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

    MIL OSI Russia News –

  • MIL-OSI: 32/2025・Trifork Group: Weekly report on share buyback

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 32 / 2025
    Schindellegi, Switzerland – 30 May 2025

    Trifork Group: Weekly report on share buyback

    On 28 February 2025, Trifork initiated a share buyback program in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buyback program runs from 4 March 2025 up to and including no later than 30 June 2025. For details, please see company announcement no. 7 of 28 February 2025.

    Under the share buyback program, Trifork will purchase shares for up to a total of DKK 14.92 million (approximately EUR 2 million). Prior to the launch of the share buyback, Trifork held 256,329 treasury shares, corresponding to 1.3% of the share capital. Under the program, the following transactions have been made:

            Number of shares        Average purchase price (DKK)        Transaction value (DKK)
    Total beginning 94,974 87.06 8,268,765
    26 May 2025 1,300 92.08 119,704
    27 May 2025 1,400 91.90 128,660
    28 May 2025 1,400 92.31 129,234
    29 May 2025     Market closed
    30 May 2025     Market closed
    Accumulated 99,074 87.27 8,646,363

    A detailed overview of the daily transactions can be found here: https://investor.trifork.com/trifork-shares/

    Since the share buyback program was started on 4 March 2025, the total number of repurchased shares is 99,074 at a total amount of DKK 8,646,363.
    On 25 March, 25 April and 23 May 2025, 4,370 shares acquired through the share buyback program were utilized for the Executive Management’s monthly fixed salary, representing a change from cash payment to payment partly in shares (refer to company announcement no. 1 of 21 January 2025). On 1 April 2025, 19,943 shares acquired through the share buyback program were utilized to serve the RSU plan of Executive Management and certain employees.

    With the transactions stated above, Trifork holds a total of 331,090 treasury shares, corresponding to 1.7%. The total number of registered shares in Trifork is 19,744,899. Adjusted for treasury shares, the number of outstanding shares is 19,413,809.

    Investor and media contact
    Frederik Svanholm, Group Investment Director, frsv@trifork.com, +41 79 357 73 17

    About Trifork
    Trifork (Nasdaq Copenhagen: TRIFOR) is a pioneering global technology company, empowering enterprise and public sector customers with innovative digital products and solutions. With 1,215 professionals across 71 business units in 16 countries, Trifork specialises in designing, building, and operating advanced software across sectors such as public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. The Group’s R&D arm, Trifork Labs, drives innovation by investing in and developing synergistic, high-potential technology companies. Learn more at trifork.com.

    Attachment

    The MIL Network –

  • MIL-OSI: UP Fintech Holding Limited Reports Unaudited First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 30, 2025 (GLOBE NEWSWIRE) — UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced its unaudited financial results for the first quarter ended March 31, 2025.

    Mr. Wu Tianhua, Chairman and CEO of UP Fintech stated: “The macro environment remained dynamic in the first quarter, our total revenues reached US$122.6 million, representing an increase of 55.3% year-over-year. Benefiting from our brand strength and continued investment in R&D, both our GAAP and non-GAAP net income saw impressive growth. Net income attributable to ordinary shareholders of UP Fintech was US$30.4 million, up 8.4% quarter over quarter and 146.7% year over year. Non-GAAP net income attributable to ordinary shareholders of UP Fintech reached US$36.0 million, an increase of 18.3% sequentially and 145.0% from the same period last year.

    In the first quarter, we added 60,900 new customers with deposits, already achieving 40% of our yearly guidance of 150,000 new customers with deposits for 2025, and bringing our total number of customers with deposits at the end of the first quarter to 1,152,900, a 23.5% increase compared to the same quarter last year. Asset inflow remained strong, we saw net asset inflow of US$3.4 billion in the first quarter, of which the majority comes from retail users, combining with a US$776 million mark to market gain, led total account balance rose by 9.9% quarter over quarter and 39.5% year over year to US$45.9 billion, setting another historic high. We also achieved notable growth in Hong Kong, the average net asset inflows of new funded clients in Hong Kong during the first quarter were above US$30,000.

    In the first quarter, we continued to roll out new features aimed at enhancing the user experience across our platform. In Hong Kong, we introduced additional functionality on top of its existing virtual asset trading service. Retail investors can now deposit and withdraw cryptocurrency, such as Bitcoin and Ethereum, while professional investors are also able to deposit and withdraw USDT. Additionally, Tiger Brokers Hong Kong recently launched Delivery Versus Payment (DVP) functionality, which strengthens our ability to serve institutional and high-net-worth clients. We also introduced equity repo services to further enhance our securities lending and treasury management capabilities. In addition, we remain committed to improving our Tiger AI offering based on user feedback. It now supports portfolio and watchlist analysis, allowing users to more effectively identify investment opportunities, receive risk alerts on their holdings, and access actionable strategy suggestions.

    In our Corporate business, we underwrote 4 Hong Kong IPOs in the first quarter, including “Chifeng Gold” and “Nanshan Aluminum”, and acted as distributor for “Mixue Group”, the largest Hong Kong IPO in the first quarter. In our ESOP business, we added 20 new clients in the first quarter, bringing the total number of ESOP clients served to 633 as of March 31, 2025.”

    Financial Highlights for First Quarter 2025

    • Total revenues were US$122.6 million, an increase of 55.3% year-over-year and a decrease of 1.2% quarter-over-quarter.
    • Total net revenues were US$107.6 million, an increase of 67.7% year-over-year and an increase of 0.2% quarter-over-quarter.
    • Net income attributable to ordinary shareholders of UP Fintech was US$30.4 million compared to a net income of US$12.3 million in the same quarter of last year.
    • Non-GAAP net income attributable to ordinary shareholders of UP Fintech was US$36.0 million, compared to a non-GAAP net income of US$14.7 million in the same quarter of last year. A reconciliation of non-GAAP financial metrics to the most comparable GAAP metrics is set forth below.

    Operating Highlights for First Quarter 2025

    • Total account balance increased 39.5% year-over-year to US$45.9 billion.
    • Total margin financing and securities lending balance increased 89.4% year-over-year to US$5.2 billion.
    • Total number of customers with deposit increased 23.5% year-over-year to 1,152,900.

    Selected Operating Data for First Quarter 2025

        As of and for the three months ended
        March 31,     December 31,     March 31,
        2024     2024     2025
    In 000’s                
    Number of customer accounts     2,247.4       2,449.3       2,526.7
    Number of customers with deposits     933.4       1,092.0       1,152.9
    Number of options and futures contracts traded     10,850.3       18,926.3       20,400.7
    In USD millions                
    Trading volume     85,410.6       198,016.9       217,453.6
    Trading volume of stocks     28,606.3       55,502.6       59,453.4
    Total account balance     32,872.1       41,725.2       45,861.9
                           

    First Quarter 2025 Financial Results

    REVENUES

    Total revenues were US$122.6 million, an increase of 55.3% from US$78.9 million in the same quarter of last year.

    Commissions were US$58.3 million, an increase of 109.8% from US$27.8 million in the same quarter of last year, due to an increase in trading volume.

    Financing service fees were US$2.6 million, a decrease of 9.6% from US$2.8 million in the same quarter of last year, primarily due to a decrease of the account balance of our fully disclosed account customers.

    Interest income was US$53.8 million, an increase of 22.7% from US$43.8 million in the same quarter of last year, primarily due to the increase in margin financing and securities lending activities of our consolidated account customers.

    Other revenues were US$7.9 million, an increase of 76.8% from US$4.5 million in the same quarter of last year, primarily due to an increase in currency exchange income and wealth management income.

    Interest expense was US$15.0 million, an increase of 1.7% from US$14.8 million in the same quarter of last year, primarily due to the increase in funding for margin financing activities.

    OPERATING COSTS AND EXPENSES

    Total operating costs and expenses were US$67.1 million, an increase of 32.1% from US$50.8 million in the same quarter of last year.

    Execution and clearing expenses were US$5.3 million, an increase of 139.3% from US$2.2 million in the same quarter of last year due to an increase in our trading volume.

    Employee compensation and benefits expenses were US$33.8 million, an increase of 21.7% from US$27.8 million in the same quarter of last year, primarily due to an increase of global headcount to support our global expansion.

    Occupancy, depreciation and amortization expenses were US$2.1 million, a slight increase of 0.2% from US$2.1 million in the same quarter of last year.

    Communication and market data expenses were US$9.8 million, an increase of 14.4% from US$8.6 million in the same quarter of last year due to increased IT-related service fees.

    Marketing and branding expenses were US$10.9 million, an increase of 147.5% from US$4.4 million in the same quarter of last year, primarily due to higher marketing spending this quarter.

    General and administrative expenses were US$5.1 million, a decrease of 9.4% from US$5.7 million in the same quarter of last year due to a decrease in professional service fees.

    NET INCOME attributable to ordinary shareholders of UP Fintech

    Net income attributable to ordinary shareholders of UP Fintech was US$30.4 million, as compared to a net income of US$12.3 million in the same quarter of last year. Net income per ADS – diluted was US$0.166, as compared to a net income per ADS – diluted of US$0.077 in the same quarter of last year.

    Non-GAAP net income attributable to ordinary shareholders of UP Fintech, which excludes share-based compensation, was US$36.0 million, as compared to a US$14.7 million non-GAAP net income attributable to ordinary shareholders of UP Fintech in the same quarter of last year. Non-GAAP net income per ADS – diluted was US$0.198 as compared to a non-GAAP net income per ADS – diluted of US$0.092 in the same quarter of last year.

    For the first quarter of 2025, the Company’s weighted average number of ADSs used in calculating non-GAAP net income per ADS – diluted was 184,472,928. As of March 31, 2025, the Company had a total of 2,649,914,037 Class A and B ordinary shares outstanding, or the equivalent of 176,660,936 ADSs.

    CERTAIN OTHER FINANCIAL ITEMS

    As of March 31, 2025, the Company’s cash and cash equivalents, term deposits and long-term deposits were US$406.4 million, compared to US$396 million as of December 31, 2024.

    As of March 31, 2025, the allowance for doubtful accounts on receivables from customers was US$14.8 million compared to US$15.3 million as of December 31, 2024.

    In December 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2023-08, Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets (“ASU 2023-08”). ASU 2023-08 requires certain crypto assets to be measured at fair value separately on the balance sheet with changes reported in the statement of operations each reporting period.

    The Company adopted this guidance from January 1, 2025, and the Company recorded such crypto asset balance in Crypto assets held as of March 31, 2025, with a cumulative-effect adjustment of US$2.3 million to the opening balance of Retained earnings.

    Updates to Management and Directors

    Mr. Ming Liao departed from the position of Independent Director at the Company due to personal reasons, effective May 28, 2025. Mr. Liao’s departure was not the result from any disagreement with the Company.

    Conference Call Information:

    UP Fintech’s management will hold an earnings conference call at 8:00 AM on May 30, 2025, U.S. Eastern Time (8:00 PM on May 30, 2025, Singapore/Hong Kong Time).

    All participants wishing to attend the call must preregister online before receiving the dial-in number. Preregistration may take a few minutes to complete.

    Preregistration Information:

    Please note that all participants will need to pre-register for the conference call, using the link:
    https://register-conf.media-server.com/register/BId8a2d4cd09e14653b3533b8d3745dfa0

    It will automatically lead to the registration page of “UP Fintech Holding Limited First Quarter 2025 Earnings Conference Call”, where details for RSVP are needed.

    Upon registering, all participants will be provided a confirmation email with a participant dial-in number and personal PIN to access the conference call. Please dial in 10 minutes prior to the call start time using the conference access information.

    Additionally, a live and archived webcast of the conference call will be available at https://ir.itigerup.com

    Use of Non-GAAP Financial Measures

    In evaluating our business, we consider and use non-GAAP net income attributable to ordinary shareholders of UP Fintech and non-GAAP net income per ADS – diluted as supplemental measures to review and assess our operating performance. The presentation of the non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with the United States Generally Accepted Accounting Principles (“U.S. GAAP”). We define non-GAAP net income attributable to ordinary shareholders of UP Fintech as net income attributable to ordinary shareholders of UP Fintech excluding share-based compensation. Non-GAAP net income per ADS – diluted is non-GAAP net income attributable to ordinary shareholders of UP Fintech divided by the weighted average number of diluted ADSs.

    We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. Non-GAAP net income attributable to ordinary shareholders of UP Fintech enables our management to assess our operating results without considering the impact of share-based compensation. We also believe that the use of these non-GAAP financial measures facilitates investors’ assessment of our operating performance.

    These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as an analytical tool. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expenses that affect our operations. Share-based compensation has been and may continue to be incurred in our business and are not reflected in the presentation of non-GAAP net income attributable to ordinary shareholders of UP Fintech. Further, these non-GAAP financial measures may differ from the non-GAAP financial information used by other companies, including peer companies, and therefore their comparability may be limited.

    These non-GAAP financial measures should not be considered in isolation or construed as alternatives to total operating costs and expenses, net income attributable to ordinary shareholders of UP Fintech or any other measure of performance or as an indicator of our operating performance. Investors are encouraged to review these historical non-GAAP financial measures in light of the most directly comparable GAAP measures. These non-GAAP financial measures presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting the usefulness of such measures when analyzing our data comparatively. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure.

    About UP Fintech Holding Limited

    UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses.

    For more information on the Company, please visit: https://ir.itigerup.com.

    Safe Harbor Statement

    This announcement contains forward−looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as “may,” “might,” “aim,” “likely to,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, the Company’s strategic and operational plans and expectations regarding growth and expansion of its business lines, and the Company’s plans for future financing of its business contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in the Company’s revenues and certain cost or expense accounting policies; the cooperation relationships with our business partners and shareholders such as Interactive Brokers LLC and Xiaomi Corporation and its affiliates; and governmental policies and regulations affecting the Company’s industry and general economic conditions in China, Singapore and other countries. Further information regarding these and other risks is included in the Company’s filings with the SEC, including the Company’s annual report on Form 20-F filed with the SEC on April 23, 2025. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company’s filings with the SEC.

    For investor and media inquiries please contact:

    Investor Relations Contact

    UP Fintech Holding Limited

    Email: ir@itiger.com

    UP FINTECH HOLDING LIMITED
    UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
    (All amounts in U.S. dollars (“US$”))
     
        As of
    December 31,    		     As of
    March 31,    		  
        2024     2025  
        US$     US$  
    Assets:            
    Cash and cash equivalents     393,576,874       403,891,218  
    Cash-segregated for regulatory purpose     2,464,683,625       2,849,477,420  
    Term deposits     1,075,260       1,101,083  
    Receivables from customers (net of allowance of US$15,284,002 and US$14,790,668 as of December 31, 2024 and March 31, 2025)     1,052,972,649       1,221,616,295  
    Receivables from brokers, dealers, and clearing organizations     2,305,740,507       2,556,498,087  
    Financial instruments held, at fair value     75,547,082       177,479,943  
    Prepaid expenses and other current assets     17,629,819       19,529,054  
    Amounts due from related parties     16,720,671       13,821,867  
    Total current assets     6,327,946,487       7,243,414,967  
    Non-current assets:            
    Long-term deposits     1,369,994       1,378,037  
    Right-of-use assets     10,880,673       12,736,333  
    Property, equipment and intangible assets, net     15,358,528       15,750,823  
    Crypto assets held     —       3,410,986  
    Goodwill     2,492,668       2,492,668  
    Long-term investments     7,658,809       7,473,531  
    Equity method investment     10,203,622       10,305,433  
    Other non-current assets     6,828,553       8,623,671  
    Deferred tax assets     8,573,135       9,931,234  
    Total non-current assets     63,365,982       72,102,716  
    Total assets     6,391,312,469       7,315,517,683  
    Current liabilities:            
    Payables to customers     3,574,651,125       4,333,279,026  
    Payables to brokers, dealers and clearing organizations:     1,914,769,701       1,975,967,952  
    Accrued expenses and other current liabilities     67,263,254       75,891,783  
    Lease liabilities-current     4,153,928       4,845,376  
    Amounts due to related parties     874,331       53,588,763  
    Total current liabilities     5,561,712,339       6,443,572,900  
    Convertible bonds     159,505,397       160,158,584  
    Lease liabilities- non-current     5,902,323       6,992,755  
    Deferred tax liabilities     2,068,661       2,161,995  
    Total liabilities     5,729,188,720       6,612,886,234  
    Mezzanine equity            
    Redeemable non-controlling interest     7,177,668       5,518,571  
    Total Mezzanine equity     7,177,668       5,518,571  
    Shareholders’ equity:            
    Class A ordinary shares     25,427       25,523  
    Class B ordinary shares     976       976  
    Additional paid-in capital     619,030,730       624,497,561  
    Statutory reserve     12,425,463       12,425,463  
    Retained earnings     37,843,547       70,712,884  
    Treasury stock     (2,172,819 )     (2,172,819 )
    Accumulated other comprehensive loss     (11,919,310 )     (8,090,989 )
    Total UP Fintech shareholders’ equity     655,234,014       697,398,599  
    Non-controlling interests     (287,933 )     (285,721 )
    Total equity     654,946,081       697,112,878  
    Total liabilities, mezzanine equity and equity     6,391,312,469       7,315,517,683  
    UP FINTECH HOLDING LIMITED  
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME  
    (All amounts in U.S. dollars (“US$”), except for number of shares (or ADSs) and per share (or ADS) data)  
       
        For the three months ended  
        March 31,     December 31,     March 31,  
        2024     2024     2025  
        US$     US$     US$  
    Revenues:                  
    Commissions     27,786,218       55,964,174       58,307,151  
    Interest related income                  
    Financing service fees     2,832,065       2,770,419       2,560,432  
    Interest income     43,841,220       55,762,091       53,805,393  
    Other revenues     4,488,989       9,605,165       7,936,987  
    Total revenues     78,948,492       124,101,849       122,609,963  
    Interest expense     (14,789,835 )     (16,731,341 )     (15,041,810 )
    Total Net revenues     64,158,657       107,370,508       107,568,153  
    Operating costs and expenses:                  
    Execution and clearing     (2,230,863 )     (6,095,132 )     (5,338,917 )
    Employee compensation and benefits     (27,787,218 )     (37,163,110 )     (33,805,808 )
    Occupancy, depreciation and amortization     (2,144,337 )     (2,137,586 )     (2,149,308 )
    Communication and market data     (8,561,482 )     (11,787,814 )     (9,794,869 )
    Marketing and branding     (4,390,987 )     (9,507,918 )     (10,867,048 )
    General and administrative     (5,667,137 )     (6,432,737 )     (5,136,346 )
    Total operating costs and expenses     (50,782,024 )     (73,124,297 )     (67,092,296 )
    Other income (expense):                  
    Others, net     3,615,219       3,469,021       (1,340,064 )
    Income before income tax     16,991,852       37,715,232       39,135,793  
    Income tax expenses     (4,528,297 )     (9,488,084 )     (8,549,158 )
    Net income     12,463,555       28,227,148       30,586,635  
    Less: net (loss) income attributable to non-controlling interests     (17,914 )     12,563       11,527  
    Accretion of redeemable non-controlling interests to redemption value     (151,322 )     (164,328 )     (155,983 )
    Net income attributable to ordinary shareholders of UP Fintech     12,330,147       28,050,257       30,419,125  
    Other comprehensive income (loss), net of tax:                  
    Unrealized gain on available-for-sale investments     —       343,892       —  
    Changes in cumulative foreign currency translation adjustment     (4,791,040 )     (17,440,809 )     3,826,640  
    Total Comprehensive income     7,672,515       11,130,231       34,413,275  
    Less: comprehensive (loss) income attributable to non-controlling interests     (13,454 )     24,226       9,845  
    Accretion of redeemable non-controlling interests to redemption value     (151,322 )     (164,328 )     (155,983 )
    Total Comprehensive income attributable to ordinary shareholders of UP Fintech     7,534,647       10,941,677       34,247,447  
    Net income per ordinary share:                  
    Basic     0.005       0.011       0.012  
    Diluted     0.005       0.011       0.011  
    Net income per ADS (1 ADS represents 15 Class A ordinary shares):                  
    Basic     0.079       0.164       0.173  
    Diluted     0.077       0.158       0.166  
    Weighted average number of ordinary shares used in calculating net income per ordinary share:                  
    Basic     2,342,468,897       2,557,911,677       2,634,972,699  
    Diluted     2,452,022,959       2,687,607,158       2,767,093,920  
    Reconciliations of Unaudited Non-GAAP Results of Operations Measures to the Nearest Comparable GAAP Measures
    (All amounts in U.S. dollars (“US$”), except for number of ADSs and per ADS data)
     
        For the three months ended March 31,2024     For the three months ended December 31,2024     For the three months ended March 31,2025  
              non-GAAP                 non-GAAP                 non-GAAP        
        GAAP     Adjustment     non-GAAP     GAAP     Adjustment     non-GAAP     GAAP     Adjustment     non-GAAP  
        US$     US$     US$     US$     US$     US$     US$     US$     US$  
        Unaudited     Unaudited     Unaudited     Unaudited     Unaudited     Unaudited     Unaudited     Unaudited     Unaudited  
                2,380,637   (1 )               2,421,342   (1 )               5,621,791   (1 )    

    Net income attributable to ordinary shareholders of UP Fintech

    		     12,330,147       2,380,637       14,710,784       28,050,257       2,421,342       30,471,599       30,419,125       5,621,791       36,040,916  
                                                           
    Net income per ADS – diluted     0.077             0.092       0.158             0.172       0.166             0.198  
    Weighted average number of ADSs used in calculating diluted net income per ADS     163,468,197             163,468,197       179,173,811             179,173,811       184,472,928             184,472,928  

    (1) Share-based compensation.

    The MIL Network –

  • MIL-OSI Russia: Growth and Resilience in Central, Eastern, and Southeastern Europe in a More Fragmented World

    Source: IMF – News in Russian

    Opening Remarks by Kristalina Georgieva, IMF Managing Director, at the CESEE High-Level Conference in Dubrovnik, Croatia

    May 30, 2025

    Good morning and a very warm welcome to everyone!

    I would like to begin by thanking Governor Vujčič for the kind invitation. Dear Boris: it is such a pleasure to return to Dubrovnik. Truly, a pearl of the Adriatic!

    Since its first gathering here in 2017, this conference has become an important forum for policymakers to discuss the challenges confronting the region.

    And, as usual, we have much to discuss: the successes, the unfinished business and, now, huge new challenges.

    ***

    First, a few words on the successes.

    Over the last three decades, reforms promoting economic openness and integration—first with the EU, then within the EU—have helped the countries of Central, Eastern and Southeastern Europe achieve a remarkable convergence with the standards of living of their more advanced peers.

    Since the mid-1990s, incomes have more than doubled and the gap relative to the advanced Europe has shrunk sharply.

    Manufacturing became a catalyst for productivity growth as integration into European and global value chains helped CESEE economies reach beyond their domestic markets.

    At the same time, openness to FDI accelerated capital accumulation and technology transfer.

    EU accession played a huge role. Powered by the domestic structural reforms put in place on the path to EU accession countries that joined the EU   accelerated their income convergence with the advanced Europe and outperformed comparable countries outside of the block.

    Thus, it is fair to pause and say: well done.

    ***

    Second, the unfinished business.

    The journey is far from complete. Reforms slowed after EU accession. After the Global Financial Crisis, investment fell significantly and contributed to a productivity slump that has only worsened since Covid.

    Various economic challenges were already calling out for revitalizing reforms. The demand for skilled workers is rising, but labor supply is tightening. High energy costs are hurting manufacturing competitiveness. New technologies in the auto sector—and AI—could alter export value chains.

    So even before the latest global economic developments, there certainly was much more work to do.

    ***

    And now, there are huge new challenges.

    The sweeping disruptions to world trade that are underway are plain for all to see. World trade is being tested. And while most of the CESEE countries are less impacted directly, let us be very clear: the indirect impact is significant as these disruptions pose a major threat to the region’s main trading partners and to the overall economic model of openness that CESEE countries rely on.

    Trade tensions and uncertainty complicate domestic and foreign investment plans. This is particularly painful for a region that needs access to modern production processes, jobs in high-productivity sectors, and export demand.

    ***

    So here is my main message to you today: standing still, taking shelter, and hoping the storm will pass is not a plan. It would be much wiser to assume that many of the shifts we see are here to stay, and to act accordingly.

    So, what should CESEE countries do in order to negotiate this stormy economic weather? How can they catch a tailwind from the “Adriatic Bora” and keep powering forward?

    I would point to three critical priorities:

    • Steering a steady course in terms of macroeconomic policy—monetary and fiscal policies for stability;
    • Getting the ship into better working order so it can sail forward faster—that is, pursue structural policies for growth; and
    • Integrating more deeply into and within the single market of the EU—strength through regional cohesion.

    Let me briefly discuss each of these, in turn.

    Priority one: action to mitigate uncertainty. The best antidote to uncertainty is a stable macroeconomic environment.

    • Central banks must remain agile and focused on achieving their targets. Where inflation is still high and persistent, policymakers should tread cautiously. Clear communication is key. Independence lends credibility and must be protected.
    • Fiscal policy must focus on ensuring sustainability and policy space. Countries with low deficits and debts can use fiscal space to invest in essential areas such as energy security. But in countries where fiscal space is limited, governments need to either reallocate spending or boost fiscal revenues.

    Priority two: take decisive action to boost growth potential. In a new study, we find that domestic reforms across the CESEE region could lift GDP levels by 7 percent over the medium term. The potential goes up to 9 percent for the Western Balkans.

    • Further productivity gains from better education, more efficient labor markets that allow talent to thrive, and cutting red tape are waiting to be tapped. In the Western Balkans and aspiring EU entrants, closing governance gaps with the EU frontier delivers the highest dividend. The case to act decisively is compelling.

    Priority three—last but certainly not least: CESEE countries must ensure they retain the benefits of their economic integration with Europe and the global economy.

    • Integration has been a major source of knowledge transfer and capital deepening, particularly through FDI. As is the case across the EU as a whole, the CESEE region would benefit from further progress in completing the EU’s single market.
    • Our analysis shows that internal barriers add significant costs — for goods they are equal to 44 percent tariffs, and for services to a staggering 110 percent! Completing the single market can be a major factor in strengthening the performance of the EU economy and improving its attractiveness for investment.
    • In a forthcoming working paper on Europe’s reform priorities, we outline several concrete steps: a more integrated electricity market; more capital for startups; better labor mobility across borders; and simpler regulations. Together, these measures could raise EU GDP by about 3 percent over the next ten years.
    • In addition, we argue that the EU budget can lend more of a hand. Tying EU funds for public investment to progress on reform implementation would provide a double blessing: more central fiscal funding, and more effective use of it.

    ***

    With that, let me conclude.

    We at the IMF stand ready to support you, as we always have. Through our surveillance and technical assistance, we are committed to supporting the CESEE region unlock its growth potential. The steadily increasing demand we see for IMF capacity development, including in public investment management and central banking, testifies to our role as your partner in your quest for faster growth and stronger resilience.

    The region is at a crossroads. Faced with structural headwinds and a much more volatile external environment, reinvigorating domestic reforms are now essential—to navigate the stormy seas and to unlock the region’s potential to sail faster.

    The time to act is now. By moving decisively, you can transform the current challenges into opportunities and chart a brighter future for the region.

    Thank you.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER:

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/05/29/sp053025-growth-and-resilience-in-central-eastern-and-southeastern-europe-in-a-more-fragmented-world

    MIL OSI

    MIL OSI Russia News –

  • MIL-OSI China: ‘Mission: Impossible – The Final Reckoning’ delivers high-octane, nostalgic chapter

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

    “Mission: Impossible – The Final Reckoning” creators shared behind-the-scenes stories and reflected on the franchise as the film’s China premiere on May 26 delivered a high-adrenaline yet nostalgic theater experience.

    A still image from “Mission: Impossible – The Final Reckoning.” [Photo courtesy of Paramount Pictures]

    “There is never an easy day on ‘Mission: Impossible.’ I wouldn’t have it any other way,” the producer and lead actor Tom Cruise said. It is now a 30-year story, he went on to say, “This new movie is a gargantuan accomplishment. It’s a culmination of everything, and I mean everything, that me and McQ [Christopher McQuarrie], have learned in storytelling over the course of making these movies. ‘The Final Reckoning’ is elegant, very layered and incredibly epic. We’ve only been able to achieve what we have because of all the things that we’ve done in this series so far.”

    “Mission: Impossible – The Final Reckoning” continues Ethan Hunt’s story as he and his fractured IMF team face The Entity, a world-ending AI. Having survived a train crash cliffhanger, Ethan (Cruise), Luther (Ving Rhames), Benji (Simon Pegg), and Grace (Hayley Atwell) reunite. With the help of a former nemesis, Paris (Pom Klementieff), they battle against Gabriel (Esai Morales) and The Entity. 

    The film features some truly impossible cinematography, with scenes set underwater, inside sunken submarines, as well as 10,000 feet in the sky, with Cruise performing yet more death-defying stunts. 

    Series veteran Simon Pegg returned to the franchise for the sixth time in 18 years. He told China.org.cn, about Cruise’s famous stunts: “It’s very nerve-wracking.” He went onto reveal Tom Cruise’s unparalleled preparation and rigorous training ensured every stunt is thoroughly analyzed, with maximum safety precautions in place. However, Pegg noted the inherent unpredictability of such dangerous feats, emphasizing that Cruise’s dedication ultimately stems from his deep commitment to delivering an exceptional experience for audiences.

    An IMAX poster for “Mission: Impossible – The Final Reckoning.” According to IMAX, the movie features “over 45 minutes of IMAX’s exclusive 1.90:1 expanded aspect ratio.” [Image courtesy of IMAX China]

    Pegg also revealed Cruise’s stunts create a hushed, nervous set. Filming the cliff jump in “Dead Reckoning,” plane stunt in “Rogue Nation,” skydives in “Fallout,” or Burj Khalifa climb in “Ghost Protocol,” set the tone. He explained on those days, “we’re always just crossing our fingers and hoping that it all goes okay, because it’s a human life. Let alone the fact that it’s Tom Cruise.”

    Director Christopher McQuarrie added, “I’ve been working with Tom now for 18 years. On every film, people ask, ‘Aren’t you scared?’ And Tom always answers the same way. He says, ‘I don’t mind being scared. It’s not that I’m not scared. I just don’t mind.’ And I didn’t understand that. But now I know that it’s not that you are oblivious. You can’t be, because if you factor out the fear entirely, if you don’t maintain an awareness of your own mortality, the scale tips too far the other way.”

    He credits Cruise’s seismic genre impact to his unique filmmaking roots. Drawing from film pioneers like Douglas Fairbanks, Charlie Chaplin, and Buster Keaton, “Mission: Impossible” has continued to blend multiple genres into each film.

    “When you work with Tom Cruise, you understand very quickly that your capabilities are far greater than you thought,” the director said. “When you work with Tom, people suggest the most absurd things. It doesn’t matter what they are because it’s not a matter of whether or not they can be done. For Tom, nothing is impossible. It’s just, ‘Logistically, what will it take? And how much will it hurt?’ ‘Mission: Impossible’ really is the most ironically named franchise.”

    As “The Final Reckoning” finally hit screens across China on May 30, Pegg grew nostalgic after five years of making two “Mission: Impossible” films back-to-back. “It’s been a very, very important part of my life,” he said, seeing his role Benji as just a regular guy who’s found himself in extraordinary circumstances.

    Interestingly, Pegg also voiced The Entity in the film. He further explained how shedding Benji’s warm persona to create a cold, automated, somewhat clinical AI voice was a challenge, yet something he found enjoyable. He also discussed AI’s rapid evolution, noting how The Entity’s theme of potential human obsolescence resonates with current social and technological anxieties.

    A life-size biplane installation is displayed at Taikoo Li Sanlitun, a trendy shopping area in Beijing, to commemorate the premiere of “Mission: Impossible – The Final Reckoning,” May 26, 2025. [Photo courtesy of Paramount Pictures]

    After its Beijing premiere on Monday, audiences praised the film’s epic scale, relentless pacing, dazzling action sequences, and Tom Cruise’s life-risking dedication. As one of the most expensive films ever made, it scored the franchise’s largest opening weekend, grossing $227 million worldwide by May 28. On Rotten Tomatoes, 80% of 355 critics’ reviews were positive.

    “Tom and McQ have always been very clear on this: for ‘Mission: Impossible’ to evolve, it always needs to feel like it’s on an upward curve. It must get bigger and more moving every time,” said Pegg. “That is always the mantra: we must outdo ourselves. This time, we really have.”

    MIL OSI China News –

  • India’s All-Party Delegation concludes anti-terror mission in Saudi Arabia

    Source: Government of India

    Source: Government of India (4)

    An All-Party Parliamentary delegation from India concluded its three-day diplomatic mission to Saudi Arabia on Thursday, emphasizing India’s unwavering stance against terrorism in the wake of recent cross-border attacks. Led by BJP MP Baijayant Panda, the delegation held extensive interactions with Saudi think tanks and the Indian diaspora as part of a broader global outreach initiative following India’s military response to the devastating April terrorist attack.

    The delegation’s visit comes in response to the April 22 Pahalgam attack, where five armed terrorists killed 26 people, including 25 tourists and a local resident, in one of the deadliest attacks in Kashmir in decades. The incident prompted India to launch Operation Sindoor, which the delegation described as establishing “a new benchmark in India’s fight against terrorism.”

    During their Saudi visit, the Indian representatives met with Dr. Abdulaziz Sager, Chairman of the Gulf Research Centre in Riyadh, and Dr. Abdulmajeed Albanyan, President of the Naif Arab University for Security Sciences. The discussions focused on India’s three-decade struggle with cross-border terrorism and explored potential collaboration in emerging technologies including artificial intelligence and quantum computing for counter-terrorism efforts

    .The delegation emphasized that the Pahalgam attack was designed to undermine economic progress in Jammu and Kashmir and incite communal tensions across India. They highlighted how the nation’s unified response demonstrated India’s collective resolve against such threats, noting that all attempts to divide the country were met with popular resistance.

    This Saudi Arabia mission represents part of a comprehensive diplomatic offensive, with seven All-Party delegations comprising 59 members visiting 32 countries to convey India’s zero-tolerance approach to terrorism. The initiative aims to build international support for India’s position while countering narratives that might justify terrorist activities.

    The delegation’s engagement with the Indian diaspora in Saudi Arabia underscored the community’s role in India’s development and acknowledged Saudi Arabia’s consistent support in condemning terrorism. The visit reinforced the growing security cooperation between the two nations, particularly in areas of counter-terrorism and regional stability.The broader diplomatic campaign follows India’s military strikes against alleged terrorist camps across the border, marking what officials describe as a shift toward a ‘new normal policy’ in addressing cross-border terrorism threats.

  • MIL-OSI: ZETADISPLAY AB (publ) INTERIM REPORT 1 JANUARY – 31 MARCH 2025

    Source: GlobeNewswire (MIL-OSI)

    Q1 Interim report JANUARY – MARCH 2025 for ZetaDisplay AB (publ) is now available at ir.zetadisplay.com

    Report summary:

    Continued Growth and Strategic Wins Position ZetaDisplay for the Future

    JANUARY – MARCH 2025

    • Adjusted recurring revenue* increased by 9.9% to 65.4 (59.5) million
    • Recurring revenue increased by 7.4% to 65.4 (60.9) million
    • Adjusted net sales* increased by 26.8% to SEK 159.6 (125.9) million
    • Net sales increased by 25.5% to SEK 159.6 (127.2) million
    • Gross margin decreased to 56.4% (59.9 %)
    • Adjusted gross margin* decreased to 56.4% (59.5%)
    • Adjusted EBITDA* increased to SEK 22.0 (11.5) million
    1.  * Recurring revenue for the first quarter of 2024 has been reduced by SEK 1.3 million to reflect the restructuring of our German operations, during which certain non-core activities were identified for discontinuation.

    CEO comment

    CONTINUED GROWTH AND STRENGTHENED MARKET POSITION

    Adjusted net sales for the quarter increased by 26.8% to SEK 159.6 (125.9) million, primarily driven by strategic acquisitions that significantly strengthened our market presence in Europe, and further supported by 7% organic growth, notably from our global accounts. Adjusted recurring revenue grew by 9.9% to SEK 65.4 (59.5) million, representing 41.0% of net sales. Adjusted EBITDA for the first quarter rose to SEK 22.0 (11.5) million, reflecting our ability to scale efficiently while maintaining sound cost control.

    We are honored to have been named “Outstanding Company of the Year” at the 2025 Digital Signage Awards, with Engage Suite receiving recognition for its industry innovation and impact. These honors underscore our commitment to delivering cutting-edge solutions that drive customer engagement and innovation excellence. 

    During the quarter, we successfully completed our bond refinancing on favorable terms, reflecting the strong confidence our financial partners have in our strategic direction and financial health. We announced a significant new contract with Ruter, Oslo’s public transport authority. This five-year agreement involves modernizing digital signage across 370 transit locations, enhancing real-time passenger information and overall commuter experience, and increases our market position in the public sector.

    In Germany, we are making good progress in transforming our local company to embrace Zetadisplay’s Full-Service-Provider business model and are now offering our comprehensive digital signage solutions both to existing and new customers. In the UK, we have appointed a new Managing Director and are focusing on leveraging our Engage Suite platform, both by migrating key UK customers and by strengthening our value proposition to more proactively attract new customers.

    OUTLOOK

    We are encouraged by the continued evolution we see in areas such as hardware, analytics, AI, retail media and security, as well as by the positive market receptiveness to our offering. Our Full-Service-Provider business model, including our award-winning Engage Suite platform and a strong local market presence, positions us well to support our organic growth ambitions.

    The successful integration of Beyond Digital Solutions in the UK and our transformation into a Full-Service Provider across all markets, including Germany, enhance our capability to deliver comprehensive, international value-driven services.

    Looking ahead, we remain focused on driving long-term value through innovation, operational excellence, and deeper customer engagement to accelerate profitable growth. At the same time, we remain diligent in our cost and investment priorities with measures to navigate any unexpected effects from ongoing external market influences.

    I extend my sincere gratitude to all our employees for their dedication and to our customers for their continued trust in ZetaDisplay.

    Malmö, 30 May 2025

    This information is information that ZetaDisplay AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of Anders Olin, at 08:00 CET on 30 May 2025

    – Full Q1 report attached and available at https://ir.zetadisplay.com/financial-reports –

    For further questions, please contact:

    Anders Olin, President & CEO
    Mobile: +46 076-101 14 88
    E-Mail: anders.olin@zetadisplay.com

    Claes Pedersen, CFO
    Mobile: +45 23-68 86 58
    E-Mail: claes.pedersen@zetadisplay.com

    ABOUT ZETADISPLAY
    More than 20 years of leadership and innovation in digital signage.
    ZetaDisplay was founded 2003 in Sweden as one of the early pioneers of digital signage. We are one of the leading European corporations in the digital signage market and a leading force in the European digital signage industry. Our proprietary software platform, digital business development and consulting services, innovative digital signage solutions, and creative concepts regularly inspire- influence and guide millions of people every day in retail environments, in restaurants, on advertising screens, in factories, on trains, on cruise ships, in stadiums, in workplaces and in all types of public spaces indoor and outdoor. ZetaDisplay is one of the largest leading European digital signage companies with direct operations in eight European countries and the US with +125,000 active installations in over 50 countries, across all major continents where we are the business partner of choice for many of the worlds most respected blue-chip brands and companies.

    ZetaDisplay is based in Malmö-Sweden, has a turnover of SEK +600 million and employs approx. 250 co-workers. ZetaDisplay is owned by the investment company Hanover Investors. More information at www.ir.zetadisplay.com and www.hanoverinvestors.com.

    Attachment

    The MIL Network –

  • MIL-OSI: High Arctic Overseas Announces 2025 First Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW

    CALGARY, Alberta, May 30, 2025 (GLOBE NEWSWIRE) — High Arctic ‎Overseas Holdings Corp. (TSXV: HOH) (“High Arctic Overseas” or the “Corporation”) has released its first quarter 2025 financial and operating results. The unaudited condensed interim consolidated financial statements (the “Financial Statements”) and management’s discussion & analysis (“MD&A”) for the quarter ended March 31, 2025, will be available on SEDAR+ at www.sedarplus.ca. All amounts are denominated in United States dollars (“USD”), unless otherwise indicated.

    The common shares of the Corporation began trading on the TSXV on August 16, 2024 under the trading symbol HOH.

    Mike Maguire, Chief Executive Officer commented on the Corporation’s first quarter 2025 financial and operating results:

    “Having established High Arctic Overseas Holdings Corp. with dedicated Management and a resilient core business, this Corporation is well placed to participate meaningfully in anticipated future major project developments.

    Our experience combined with ideal drilling equipment for the challenging PNG environment positions us well.

    I remain excited about our prospects to play a strategic role servicing the major projects anticipated in PNG over the second half of the decade.”

    2025 FIRST QUARTER HIGHLIGHTS

    • Drilling rig 103 remains suspended and drilling rigs 115 and 116 remain cold-stacked;
    • Manpower and rental services maintained similar activity levels to Q4 2024;
    • Revenue and operating margins significantly reduced compared to Q1 2024, largely as a result of rig 103 operating in Q1 2024 versus being suspended in Q1 2025; and
    • Disciplined cashflow management resulted in exiting Q1 2025 with working capital of over $20 million.

    Business strategy

    Our business strategy focused on Papua New Guinea is underpinned by the following cornerstones:

    • Leveraging our core PNG planning and logistics capability to diversify ‎our service offerings;
    • Deploying idle assets into profitable operations;
    • Strengthening local content & participation in the PNG finance and investment communities;
    • An established and efficient corporate structure; and
    • Seeking opportunities to expand and root the business in the Australasian region.

    2025 Strategic Objectives

    • Relentless focus on safety excellence and quality service delivery;
    • Reduce general and administrative expenditures;
    • Grow the manpower business in Papua New Guinea;
    • Maximize potential participation in future major Papua New Guinea projects; and
    • Pursue expansionary transactions that increase shareholder value.

    Since the Corporation and HAES-Cyprus were both wholly-owned by HWO, the transfer of all of the outstanding ordinary shares of HAES-Cyprus to the Corporation was deemed a common control transaction. The Corporation’s Financial Statements are presented under the continuity of interests basis. Financial and operational results contained within this Press Release present the historic financial position, results of operations and cash flows of HAES-Cyprus for all prior periods up to August 12, 2024, under HWO’s control. The financial position, results of operations and cash flows from April 1, 2024 (the date of incorporation of the Corporation) to August 12, 2024, include both HAES-Cyprus and the Corporation on a combined basis and from August 12, 2024, forward include the results of the Corporation on a consolidated basis upon completion of the Arrangement.

    For reporting purposes in the Financial Statements, the MD&A and this Press Release, it is assumed that the Corporation held the PNG business prior to August 12, 2024, and as such, information provided includes the financial and operating results for the three months ended March 31, 2025, including all comparative periods.

    In the above results discussion, the three months ended March 31, 2025 may be referred to as the “quarter” or “Q1 2025” and the comparative three months ended March 31, 2024 may be referred to as “Q1 2024”. References to other quarters may be presented as “QX 20XX” with X/XX being the quarter/year to which the commentary relates.

    FIRST QUARTER 2025 SELECT FINANCIAL AND OPERATIONAL RESULTS OVERVIEW

        Three months ended March 31,
    (thousands of USD except per share amounts)       2025     2024  
    Operating results:        
    Revenue       2,510     11,134  
    Net income (loss)       (1,225)     2,501  
    Per share (basic and diluted) (1)(2)     ($0.10)   $0.20  
    Operating margin (3)       714     4,315  
    Operating margin as a % of revenue (3)       28.4%     38.8%  
    EBITDA (3)       (286)     3,588  
    Per share (basic and diluted) (1)(2)     ($0.02)   $0.29  
    Adjusted EBITDA (3)       (202)     3,530  
    Adjusted EBITDA as a % of revenue (3)       (8.0%)     31.7%  
    Per share (basic and diluted) (1)(2)     ($0.02)   $0.28  
    Operating income (loss) (3)       (998)     2,720  
    Per share (basic and diluted) (1)(2)     ($0.08)   $0.22  
    Cash flow:        
    Cash flow from operating activities       (825)     5,348  
    Per share (basic and diluted) (1)(2)     ($0.07)   $0.43  
    Funds flow from operations (3)       (256)     3,314  
    Per share (basic and diluted) (1)(2)     ($0.02)   $0.27  
    Capital expenditures       74     550  
         
    (thousands of USD except per share amounts and common
    shares outstanding)    		     March 31, 2025 December 31, 2024
    Financial position:        
    Working capital (3)       20,212     20,602  
    Cash and cash equivalents       13,902     14,930  
    Total assets       34,133     35,287  
    Shareholder’s equity       29,766     30,953  
    Per share (4)     $2.39   $2.49  
    Common shares outstanding       12,448,166     12,448,166  
    (1)  For periods when the Corporation incurred a net loss the shares outstanding under the Corporation’s equity incentive plans for the periods presented are excluded from the calculation of diluted weighted average number of common shares as the outstanding options were anti-dilutive.
    (2)  For the purposes of computing per share amounts, the number of common shares outstanding for the periods prior to the Arrangement is deemed to be the number of shares issued by the Corporation to the shareholders of HWO upon completion of the Arrangement. See “2024 Corporate Reorganization” section of this Press Release and the Corporation’s Financial Statements for additional details.
    (3)  Readers are cautioned that Operating margin, Operating margin as a % of revenue, EBITDA (Earnings before interest, tax, depreciation, and amortization), Adjusted EBITDA, Adjusted EBITDA as a % of revenue, Operating income (loss), Funds flow from operations and Working capital do not have a standardized meanings prescribed by IFRS. See “Non IFRS Measures” in this Press Release for additional details on the calculations of these measures.
    (4)  Shareholders’ equity per share calculated based on the number of common shares outstanding as at the relevant date.
     

    Operating Results

        Three months ended March 31,
    (thousands of USD, unless otherwise noted)     2025   2024  
    Revenue     2,510   11,134  
    Operating expenses     (1,796)   (6,819)  
    Operating margin (1)     714   4,315  
    Operating margin percentage (1)     28.4%   38.8%  
    (1)   See “Non-IFRS Measures”
     

    Customer-owned rig 103 has been suspended since the second half of 2024 compared to being operational in the first 5.5 months in 2024. As such, the majority of Q1 2025 revenue is from the provision of equipment rental and skilled personnel to key customers within PNG’s oil and gas industry. While minor, the Corporation is seeing increased equipment rental revenues from other industries within PNG. As noted above, revenues for Q1 2024, were inclusive of rig 103 drilling activities plus revenue from the provision of equipment rental and skilled personnel into PNG’s oil and gas industry.

    The Corporation owns two heli-portable drilling rigs (Rigs 115 and 116) which remain preserved and maintained ready for deployment.

    Liquidity and Capital Resources

        Three months ended March 31,
    (thousands of USD)     2025   2024  
    Cash provided by (used in) operations:        
    Operating activities     (825)   5,348  
    Investing activities     (74)   (550)  
    Financing activities     (117)   (124)  
    Effect of foreign exchange rate changes     (12)   –  
    Increase (decrease) in cash     (1,028)   4,674  
    (thousands of USD, unless otherwise noted)     As at
    March 31, 2025    		   As at
    Dec 31, 2024    		  
    Current assets     24,230   24,706  
    Working capital(1)     20,212   20,602  
    Working capital ratio(1)     6.0:1   6.0:1  
    Cash and cash equivalents     13,902   14,930  
     (1)  See “Non-IFRS Measures”
     

    Liquidity and Capital Resources
    Cashflows from Operating Activities

    For the three months ended March 31, 2025, cash used in operating activities was $825 (Q1 2024 – cash generated was $5,348). The change in operating cash flow was driven by reduced revenue generating activities and changes in non-cash working capital. Changes in non-cash working capital are listed in Note 13 of the Financial Statements and represent temporary differences as inventory is purchased in support of anticipated sales, deferred revenue is earned and related party balances post the Arrangement.

    Cashflows from Investing Activities

    For the three months ended March 31, 2025, cash used in investing activities was $74 (Q1 2024 – $550). Cash outflows associated with investing activities were directed towards capital expenditures for additional rental assets. The Corporation continues to seek opportunities to invest in additional capital assets, in particular where it can do so with support of customer take-or-pay agreements.

    Cash flows from Financing Activities

    For the three months ended March 31, 2025, cash used in financing activities was $117 (Q1 2024 – $124). Cash outflows associated with finance activities were directed towards lease obligation payments.

    Outlook

    Consistent with the outlook provided by the Corporation in Q4 2024 the outlook for the Corporation’s core business in PNG for the remainder of 2025 remains subdued. Current quarter operating results were largely driven by manpower and rental services delivered to its key customers in PNG’s oil and gas industry. With no near-term drilling activity currently contracted, the Corporation expects equipment rental and manpower to continue as the primary revenue generating activity for 2025. The second half of 2025 is expected to see a decline in these activities as certain projects supported by the Corporation are expected to conclude, and customers have deferred non-essential work as they realize low and volatile near-term commodity prices.

    The Corporation is buoyed by an increase in recent enquiries for services and requests for pricing which may lead to a future upswing in revenue generating activity. The Corporation remains engaged with its principal customer on planning for future drilling activity and continues to focus on enhancing and optimizing its existing rental fleet deployment and manpower solutions offerings. The Corporation also continues to pursue business expansion opportunities in PNG, participating in requests for tender and actively engaging with potential customers for its services in PNG and the wider region while also taking actions to protect its capability to realize the future potential of the business.

    Our rationale for a business strategy focussed on PNG is unchanged. Papua New Guinea possesses substantial deposits of natural resources including significant reserves of oil and natural gas and has emerged as a reliable low-cost energy exporter to Asian markets, particularly for liquefied natural gas (“LNG”). A significant investment in the country’s oil and gas industry was evidenced by the successful construction of the PNG-LNG project in 2014, with the primary partners in the venture being customers of the Corporation. In the period following, the Corporation’s predecessor company committed to the purchase and upgrade of drilling rigs 115 and 116 and expansion of the Corporation’s fleet of rentable equipment including camps, material handling equipment and worksite matting. These investments contributed to a substantive lift in revenues and earnings as PNG enjoyed its highest period of exploration and development activity.

    Since the onset of COVID-19 in early 2020, there has been a substantive reduction in drilling services in PNG. This follows some consolidation among the active exploration and production companies and evolving political and economic influences. In the longer term, High Arctic believes PNG is on the precipice of a new round of large-scale projects in the natural resources sector. ‎The next significant ‎LNG project currently being planned is Papua-LNG, a project lead by the French oil and gas super-major TotalEnergies, with a final investment decision anticipated in late 2025. There is an expectation for increased drilling activity through the latter half of this decade, ‎not only to develop wells for the supply of gas to the Papua-LNG export facility, but also to explore for and ‎appraise other discoveries. The signing of a fiscal stability agreement between the P’nyang gas field joint venture and the government of PNG is another positive signal for that expansionary project to follow Papua-LNG.

    The Corporation is strategically positioned to support these developments, given its dominant position for drilling and associated services in PNG, existing work relationships with the operating companies, and proximity to the proposed sites of operation. The Corporation’s drilling rigs 115 and 116 are portable by helicopter and have been maintained and preserved for future use.

    There are a number of other petroleum projects and substantive nation-building projects including infrastructure, ‎electrification, telecommunications and defense projects planned for the development of PNG. ‎These ‎projects will require access to transport and material handling machinery, quality worksite and temporary ‎road mats and a substantive amount of labour including skilled equipment operators, qualified tradespeople and engineers, ‎geoscientists and other professionals. ‎High Arctic’s business continues to position itself to be a meaningful supplier of services, equipment and manpower for this market.

    NON-IFRS MEASURES

    This Press Release contains references to certain financial measures that do not have a standardized meaning prescribed by International Financial Reporting Standards (“IFRS”) and may not be comparable to the same or similar measures used by other companies. High Arctic Overseas uses these financial measures to assess performance and believes these measures provide useful supplemental information to shareholders and investors. These financial measures are computed on a consistent basis for each reporting period and include Oilfield services operating margin, EBITDA (Earnings before interest, tax, depreciation and amortization), Adjusted EBITDA, Operating loss, Funds flow from operating activities, Working capital and Net cash. These do not have standardized meanings.

    These financial measures should not be considered as an alternative to, or more meaningful than, net income (loss), cash from operating activities, current assets or current liabilities, cash and/or other measures of financial performance as determined in accordance with IFRS.

    For additional information regarding non-IFRS measures, including their use to management and investors and reconciliations to measures recognized by IFRS, please refer to the Corporation’s Q1 2025 MD&A, which is available online at www.sedarplus.ca.

    About High Arctic ‎Overseas Holdings Corp.

    High Arctic Overseas is a market leader in Papua New Guinea providing drilling ‎and specialized well completion services, manpower solutions and supplies rental equipment including rig matting, camps, material ‎handling and drilling support equipment.

    For further information, please contact:

    Mike Maguire
    Chief Executive Officer
    1.587.320.1301

    High Arctic Overseas Holdings Corp.
    Suite 2350, 330–5th Avenue SW
    Calgary, Alberta, Canada T2P 0L4
    www.higharctic.com
    Email: info@higharctic.com

    Forward-Looking Statements
    This Press Release contains forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions are intended to identify forward-looking statements. Such statements reflect the Corporation’s current views with respect to future events and are subject to certain risks, uncertainties, and assumptions. Many factors could cause the Corporation’s actual results, performance, or achievements to vary from those described in this Press Release.

    Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this Press Release as intended, planned, anticipated, believed, estimated or expected. Specific forward-looking statements in this Press Release include, among others, statements pertaining to the following: general economic and business conditions; the role of the energy services industry in future phases of the energy industry; the outlook for energy services both globally and within PNG; the impact of conflict in the Middle East and Ukraine; the timing and impact on the Corporation’s business related to potential new large-scale natural resources projects and increased drilling activity in PNG; the impact, if any, related to existing or future changes to government regulations by the government of PNG; the impact, if any, on the Corporation’s future financial and operational results related to non-resource development opportunities in PNG; market fluctuations in commodity prices, and foreign currency exchange rates; restrictions on repatriation of funds held in PNG; expectations regarding the Corporation’s ability to manage its liquidity risk; raise capital and manage its debt finance agreements; projections of market prices and costs; factors upon which the Corporation will decide whether or not to undertake a specific course of operational action or expansion; the Corporation’s ongoing relationship with its major customers; customers’ drilling intentions; the Corporation’s ability to position itself to be a significant supplier of services, equipment and manpower for other resource and non-resources based projects in PNG; the Corporation’s expectations related to financial and operational results in 2025, including the expectation that the equipment rental and manpower services portion of the Corporation’s business will be the primary revenue generating activity for fiscal 2025; the timing and ability of the Corporation to put its own administrative infrastructure in place; the Corporation’s ability to invest in additional capital assets, including the impact on the Corporation’s future financial and operational results; the impact, if any, of geo-political events, changes in government, changes to tariff’s or related trade policies and the potential impact on the Corporation’s ability to execute on its 2025 business plan and strategic objectives; the ability of the Corporation to expand its geographic customer base outside of PNG, and the deploying idle heli-portable drilling rigs 115 and 116 and securing future work with other exploration companies in PNG.

    With respect to forward-looking statements contained in this Press Release, the Corporation has made assumptions regarding, among other things, its ability to: maintain its ongoing relationship with major customers; successfully market its services to current and new customers; devise methods for, and achieve its primary objectives; source and obtain equipment from suppliers; successfully manage, operate, and thrive in an environment which is facing much uncertainty; remain competitive in all its operations; attract and retain skilled employees; and obtain equity and debt financing on satisfactory terms and manage liquidity related risks.

    The Corporation’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth in this Press Release and in the Corporation’s annual 2024 MD&A, which is available on SEDAR+.

    The forward-looking statements contained in this Press Release are expressly qualified in their entirety by this cautionary statement. These statements are given only as of the date of this Press Release. The Corporation does not assume any obligation to update these forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law.

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

    The MIL Network –

  • MIL-OSI Banking: Speech: Meg O’Neill Address to the 2025 Australian Energy Producers Conference & Exhibition – Australian Energy Producers

    Source: Australian Petroleum Production & Exploration Association

    Headline: Speech: Meg O’Neill Address to the 2025 Australian Energy Producers Conference & Exhibition – Australian Energy Producers

    Thank you, Samantha, for that kind introduction.

    Welcome everyone to the 2025 Australian Energy Producers Conference!

    I’d like to begin by acknowledging the Jagera and Turrbal people as the traditional custodians of the land upon which we are meeting today.

    Thank you also to Shannon Ruska for that wonderful Welcome to Country.

    It was a fantastic way to open our conference and mark the start of National Reconciliation Week.

    Looking around at this room, it is great to see such strong support for our industry.

    Thank you to each and every one of you for the effort you have made to be here.

    It’s really valuable for us to come together and share knowledge and debate ideas, with the aim of constantly improving how we work, and how we can chart a brighter future for our industry and the nation in the years to come.

    We’ve already had some thoughtful speeches this morning.

    Thank you Sam for your dedication to promoting the great work of our members.

    And Minister King, thank you for your reflections and your strong advocacy for our industry.

    We look forward to continuing to work with you.

    I would also like to acknowledge that Senator Anthony Chisholm, Assistant Minister for Resources is here.

    Senator Chisolm, thank you for your attendance.

    Later this morning we’ll hear from former Australian Treasurer and Ambassador to the United States Joe Hockey and the Queensland Treasurer and Minister for Energy David Janetzki.

    I am very much looking forward to hearing their perspectives on the economic and energy challenges facing Australia, and nations around the world.

    I would like to take this opportunity to congratulate the Albanese Government on its election victory.

    Campaigning for office is not for the faint of heart. It takes passion, discipline and a belief in the idea that Australia can be better. I admire the commitment and endurance of those who run in modern-day elections.

    One vital pathway to building a brighter future for Australia is to ensure that we and our regional partners have the energy we need to build prosperity and succeed in the energy transition.

    So, I would also like to thank the Government for its clear acknowledgement of the critical role that gas plays in the Australian economy and in the nation’s trading relationships.

    The vital importance of gas has also been emphasised by the Liberals and Nationals, and we appreciate this bipartisan support.

    The Government’s Future Gas Strategy, led by Minister King, makes a powerful and compelling case for the role of gas in supporting the quality of life in Australia, and in providing energy security in our region.

    We thank the Minister for her leadership and vision in laying out this roadmap for Australia’s gas endowment.

    The opportunity now is to take real actions that deliver the Government’s Future Gas Strategy.

    And Minister King, you have our industry’s support in working together with all stakeholders to achieve this for the long-term.

    Celebration of the year’s success

    One of my favourite things about this conference is the chance to celebrate our industry’s success in helping meet Australia’s energy needs, and in delivering strong economic outcomes at local, state and national levels.

    I think it’s fitting we are here in Brisbane, because this year marks 10 years since the Queensland LNG industry began operating.

    It’s hard to imagine the Australian industry without our Queensland operators and I think we should celebrate this achievement with a round of applause.

    From the vast offshore fields of Western Australia, the Northern Territory and Victoria – to the rich onshore basins of Queensland, South Australia and New South Wales – and to the emerging basins such as the Perth Basin and the Beetaloo – Australia’s oil and gas industry stands as a powerhouse of innovation and economic strength.

    By exploring, developing and producing these resources, we play a critical role in providing the energy needed in Australia and the Asian region.

    But we cannot take this for granted.

    Reflection on Australia’s energy edge

    For decades, Australia’s vast energy resources have provided a major competitive advantage for the nation’s economy.

    In particular, safe, affordable and reliable domestic gas has helped underpin the success of many Australian businesses, especially in mining and manufacturing.

    While the LNG industry has made a significant contribution to Australia’s prosperity through taxes and royalties, skilled jobs, community support and economic development.

    KPMG analysis commissioned by AEP found the gas industry contributed 105 billion dollars to Australia’s gross domestic product and supported 215,000 ongoing jobs across the economy in 2021-22.

    This is in addition to taxes and royalties paid to Australian governments, which in 2023‑24 totalled an estimated 17.1 billion dollars.

    But our energy edge is at risk.

    This is evidenced by forecasts of looming supply shortfalls on both the east and west coasts and weakened investor confidence in investing in new supply.

    AEP has this week released a Wood Mackenzie report that analysed Australia as an investment destination.

    The study involved data analysis and a survey of CEOs of AEP member companies.

    It makes for sobering reading, confirming what many in this room already know.

    Certainty around Australia’s energy and climate policies, environmental regulation and timely approvals is critical to driving investment.

    95 per cent of respondents said they have had investments directly impacted by a change in government policy or regulation.

    Of these investments, a fifth did not proceed or were relocated outside of Australia, and almost half were significantly delayed.

    Learning from experiences in prior years, we have an opportunity now to create the foundations for the next wave of energy investment in Australia.

    We must continue to make the most of our natural resources and our ingenuity, so that we keep jobs and revenue in Australia.

    Implications

    What is also at stake is the nation’s ability to compete on the global stage for the industries of the future.

    These include artificial intelligence, data centres, critical minerals manufacturing and no doubt sectors we haven’t even imagined yet. All of which depend on reliable and affordable power.

    The recent blackouts in Spain and Portugal are a forceful reminder of the consequences of losing reliable supplies of energy, upon which we rely for our daily lives and jobs.

    While the causes of the blackouts are still being investigated, what we can see with certainty is that these events reinforce the need to focus on energy security and energy affordability, as well as – and not instead of – emissions reduction.

    All three matter.

    When we lose sight of any one of these, all three are at risk.

    I am encouraged by evidence – including the Government’s Future Gas Strategy – that policymakers are increasingly willing to recognise and speak up for the critical importance of natural gas, including as the stabilising partner to higher levels of renewables and as a lower emissions source of power than coal.

    I welcome more government policy decisions to reflect the strategy in practice.

    And I think it is time that the opponents of our industry face up to the fact that they are making the energy transition harder and more risky by slowing down investment and trying to take practical options off the table.

    If Australia loses its energy edge, we also lose opportunities to contribute to decarbonisation at home and abroad.

    As we know, when used to generate electricity, gas typically produces half the life cycle emissions of coal.

    Coal demand in the Asia Pacific continues to grow and drive up global emissions.

    This underlines why Australia must maximise opportunities to supply LNG to Asian customers who want to reduce their reliance on coal through a combination of gas and renewables.

    Furthermore, the opportunity to service growing demand for natural gas is one that Australia’s competitor nations will seize, if Australia is not able to take the opportunities before it.

    For example – we have seen significant pro-energy investment policy changes in the USA with the change in administration, and I am eager to hear Joe Hockey’s take on this.

    But no one doubts where the US stands on developing its natural resources – the President has declared an Energy Emergency, and prioritised development of the US’s energy resources – both for domestic use and for customers abroad.

    And there is genuine urgency to tackle permitting reform and make energy investment easier.

    Our offer and our ask

    All of us in this room recognise the enormous opportunity that Australia has to help meet essential energy needs – and the necessity of doing so responsibly.

    Australian Energy Producers’ message to policymakers here in Australia, is that we will play our part in supplying affordable, reliable energy to customers, while also tackling climate change.

    We are committed to doing this through innovation and collaboration.

    We are designing and operating out emissions from our assets, implementing CCS, and diversifying into new lower-carbon commodities and technologies.

    As a proof point – Australia now has two of the world’s largest CCS projects, with the Gorgon project having sequestered over 11 million tons of CO2 since it commenced operations, and the Moomba CCS project starting up last year.

    Something else we’re committed to is ensuring the public discussion about energy policy includes balance and facts.

    Through AEP’s advocacy, we are calling out misinformation and disinformation campaigns that seek to downplay our sector’s significant economic and tax contribution, and the essential role of gas in achieving decarbonisation goals.

    We appreciate government efforts to help build community understanding of the role of gas and foster support for what we deliver.

    It’s vital that people hear the facts about gas and understand its importance to their lives, the Australian economy and decarbonising Asia.

    By equipping people with knowledge about energy production, consumption and role in the energy transition, we make it harder for our opponents to spread misinformation, and easier to have the respectful policy debates that can lead to better industry and environmental outcomes.

    With a new federal parliament elected, it is an opportunity to finally cut red and green tape, to simplify and streamline Australia’s approvals system.

    Cutting red and green tape will promote innovation, and enable businesses to thrive.

    And it will create more jobs for Australians.

    Streamlining approvals will also drive the productivity growth Australia needs to remain competitive in an increasingly protectionist world.

    And in news hot off the press, it was a huge relief last week to see the Native Title Tribunal clear a path for Santos’s much-needed Narrabri gas development to go ahead.

    As an industry, we look forward to working with new Environment Minister Murray Watt as he takes on the critical role of ensuring energy development in Australia is conducted responsibly and sustainably.

    We acknowledge that Minister Watt is working through the process to take a decision on the North West Shelf extension and we look forward to an outcome.

    We all recognise that energy development must meet rigorous environmental standards and maintain the confidence of the community.

    The Government’s Future Gas Strategy is a clear roadmap for policy reform to ensure that these objectives are met as the nation’s resources are responsibly developed.

    This includes implementing clear and unambiguous offshore consultation rules.

    Regulatory loopholes are in no-one’s interests.

    The industry fully supports consulting with impacted traditional owners and other stakeholders – but the rules for consultation must be clear to provide predictable outcomes for all parties.

    It is also essential that exploration resume in earnest in Australia.

    This starts with regular offshore acreage licensing rounds, and clear regulations around the well-proven and safe technology of seismic surveys.

    We must get exploration going now to ensure the energy future of the 2030’s and 2040’s is secure.

    Conclusion

    In closing, Australia has the key ingredients to sustain its energy edge for decades to come.

    We have been gifted natural resource potential like few other nations.

    We have the talented, capable and motivated workforce we need to unlock the potential.

    We have a long track record of supporting downstream domestic industries and providing feedstock and energy to build Australia’s prosperity.

    We also have proximity to the world’s fastest growing energy markets, who are looking for secure, reliable supplies to power their own development.

    We have the opportunity now to build on the decades of success – unlocking new resources, powering a bright future, and doing so responsibly.

    There will be headwinds, but we have the resilience and the vision as an industry to ensure that Australia’s energy edge delivers for every Australian, for decades to come.

    Thank you everyone, I wish you a great conference.

    MIL OSI Global Banks –

  • MIL-Evening Report: ER Report: A Roundup of Significant Articles on EveningReport.nz for May 30, 2025

    ER Report: Here is a summary of significant articles published on EveningReport.nz on May 30, 2025.

    French politicians in New Caledonia to stir the political melting pot
    By Patrick Decloitre, RNZ Pacific correspondent French Pacific desk French national politicians have been in New Caledonia as the territory’s future remains undecided. Leaders from both right-wing Les Républicains (LR) and Rassemblement National (RN), — vice-president François-Xavier Bellamy and Marine Le Pen respectively — have been in the French Pacific territory this week. They expressed

    Elon Musk promises more risky launches after sixth Starship failure
    Source: The Conversation (Au and NZ) – By Sara Webb, Lecturer, Centre for Astrophysics and Supercomputing, Swinburne University of Technology What goes up must come down, and earlier this week yet another of SpaceX’s Starships, the biggest and most powerful type of rocket ever built, came back down to Earth in spectacular fashion. In the

    Tracking crime from the cradle: why some people keep breaking the law while most of us never do
    Source: The Conversation (Au and NZ) – By Ayda Kuluk, PhD Candidate in Criminology and Criminal Justice, Griffith University Alena Lom/Shutterstock A major Australian study tracking more than 80,000 Queenslanders from birth to adulthood reveals stark differences between men and women in patterns of criminal behaviour. These patterns offer insights into effective crime prevention strategies.

    Most of Australia’s conservation efforts ignore climate risks – here are 3 fixes
    Source: The Conversation (Au and NZ) – By Yi Fei Chung, PhD Candidate in Environmental Policy, The University of Queensland Imagine replanting various native species only to have them die because the area is too hot or too dry. Or reconnecting woodland habitat only to lose large tracts to bushfire. Well, our new research suggests

    Earth’s seasonal rhythms are changing, putting species and ecosystems at risk
    Source: The Conversation (Au and NZ) – By Daniel Hernández Carrasco, PhD Candidate in Ecology, University of Canterbury Shutterstock/Colin Stephenson Seasonality shapes much of life on Earth. Most species, including humans, have synchronised their own rhythms with those of Earth’s seasons. Plant growth cycles, the migration of billions of animals, and even aspects of human

    Google is going ‘all in’ on AI. It’s part of a troubling trend in big tech
    Source: The Conversation (Au and NZ) – By Zena Assaad, Senior Lecturer, School of Engineering, Australian National University Google recently unveiled the next phase of its artificial intelligence (AI) journey: “AI mode”. This new feature will soon be released as a new option to users of Google’s search engine in the United States, with no

    People with disability are dying from cancers we can actually prevent, our study shows
    Source: The Conversation (Au and NZ) – By Yi Yang, Research Fellow, Social Epidemiology, Melbourne Disability Institute, Melbourne School of Population and Global Health, The University of Melbourne Chona Kasinger/Disabled and Here, CC BY-SA People with disability are missing out on screening programs that could help detect cancer early, and after diagnosis, are less likely

    Researchers created a chatbot to help teach a university law class – but the AI kept messing up
    Source: The Conversation (Au and NZ) – By Armin Alimardani, Senior Lecturer in Law and Emerging Technologies, University of Wollongong Mikhail Nilov/ Pexels , CC BY “AI tutors” have been hyped as a way to revolutionise education. The idea is generative artificial intelligence tools (such as ChatGPT) could adapt to any teaching style set by

    NSW is again cleaning up after major floods. Are we veering towards the collapse of insurability?
    Source: The Conversation (Au and NZ) – By Kate Booth, Associate Professor of Human Geography, University of Tasmania Once again, large parts of New South Wales have been devastated by floods. It’s estimated 10,000 homes and businesses may have been damaged or destroyed and the Insurance Council of Australia reports more than 6,000 insurance claims

    Talk to Me was a rollercoaster, but the Philippou brothers’ Bring Her Back will trap you in a house of horrors
    Source: The Conversation (Au and NZ) – By Jessica Balanzategui, Associate Professor in Media, RMIT University A24 They may have only made two feature films so far, but Danny and Michael Philippou are already being hailed as Australia’s premiere horror auteurs. Their 2023 debut Talk To Me sparked a bidding war between distributors upon its

    Grattan on Friday: Trump, tariffs and the Middle East are looming challenges for Albanese
    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra Australia these days receives invitations to big-league international conferences. And so Anthony Albanese will be off soon to the G7 meeting in Alberta, Canada, on June 15-17. For the prime minister, what’s most important about this trip is not so

    Radical legal step towards ending impunity for Israel over killing Gaza journalists
    Pacific Media Watch Journalists have been targeted, detained and tortured by the Israeli military in Gaza — and Reporters Without Borders (RSF) has now taken a new approach towards bringing justice these crimes. The Paris-based global media freedom NGO has submitted multiple formal requests to the International Criminal Court (ICC) asking that Palestinian journalists who

    New Australian data shows most of us have PFAS in our blood. How worried should we be?
    Source: The Conversation (Au and NZ) – By Ian A. Wright, Associate Professor in Environmental Science, Western Sydney University New Africa/Shutterstock The Australian Bureau of Statistics (ABS) has this week released new data which tells us about the presence of per- and polyfluoroalkyl substances (PFAS) in Australians’ bodies. The data comes from concentrations measured in

    Labor gains Senate seats in Victoria and Queensland, and surges to a national 55.6–44.4 two-party margin
    Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne Buttons have been pressed to electronically distribute preferences for the Senate in Victoria, the ACT, Queensland and Western Australia. Labor gained a seat from the Liberals in

    Influencer Andrew Tate is charged with a raft of sex crimes. His followers will see him as the victim
    Source: The Conversation (Au and NZ) – By Steven Roberts, Professor of Education and Social Justice, Monash University British prosecutors have this week charged social media influencer Andrew Tate with a string of serious sexual offences, including rape and human trafficking, alleged to have been committed in the United Kingdom between 2012 and 2015. This

    How the North West Shelf expansion risks further damage to Murujuga’s 50,000-year-old rock art
    Source: The Conversation (Au and NZ) – By Benjamin Smith, Professor of Archaeology (World Rock Art), School of Social Sciences, The University of Western Australia Yesterday, new environment minister Murray Watt approved an extension for the North West Shelf liquefied natural gas project. The gas plant at Karratha, Western Australia, will run until 2070. This

    UNESCO expresses ‘utmost concern’ at the state of the Great Barrier Reef
    Source: The Conversation (Au and NZ) – By Jon C. Day, Adjunct Principal Research Fellow, College of Science and Engineering, James Cook University UNESCO’s World Heritage Committee has again raised grave fears for the future of the Great Barrier Reef, highlighting the problems of water pollution, climate change and unsustainable fishing. The committee this week

    Trump’s global trade plans are in disarray, after a US court ruling on ‘Liberation Day’ tariffs
    Source: The Conversation (Au and NZ) – By Susan Stone, Credit Union SA Chair of Economics, University of South Australia A US court has blocked the so-called “Liberation Day” tariffs that US President Donald Trump imposed on imported goods from around 90 nations. This puts implementation of Trump’s current trade policy in disarray. The Court

    30 years ago Australia confronted its Stolen Generation past – then the Howard government blew it
    Source: The Conversation (Au and NZ) – By Anne Maree Payne, Senior Research Fellow, Indigenous Land & Justice Research Group, UNSW Sydney May 2025 marks the 30th anniversary of the establishment of the national inquiry into the forcible removal of Aboriginal and Torres Strait Islander children from their families. Conducted by the Human Rights and

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Russia: Dmitry Chernyshenko: Representatives of 19 countries and 20 international organizations gathered at the plenary session of the Eurasian Group on Combating Money Laundering

    Translation. Region: Russian Federal

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

    Plenary session of the Eurasian Group on Combating Money Laundering and Terrorist Financing. Dmitry Chernyshenko and Rosfinmonitoring Director Yuri Chikhanchin addressed the participants of the session

    May 29, 2025

    Plenary session of the Eurasian Group on Combating Money Laundering and Terrorism Financing. Dmitry Chernyshenko read out the greetings of the Prime Minister Mikhail Mishustin to the delegates of the plenary session

    May 29, 2025

    Plenary session of the Eurasian Group on Combating Money Laundering and Terrorist Financing. Dmitry Chernyshenko and Rosfinmonitoring Director Yuri Chikhanchin

    May 29, 2025

    Plenary session of the Eurasian Group on Combating Money Laundering and Terrorist Financing. Dmitry Chernyshenko and Rosfinmonitoring Director Yuri Chikhanchin addressed the participants of the session

    May 29, 2025

    Plenary session of the Eurasian Group on Combating Money Laundering and Terrorist Financing. Director of Rosfinmonitoring Yuri Chikhanchin

    May 29, 2025

    Plenary session of the Eurasian Group on Combating Money Laundering and Terrorist Financing. Dmitry Chernyshenko and Rosfinmonitoring Director Yuri Chikhanchin

    May 29, 2025

    Previous news Next news

    Plenary session of the Eurasian Group on Combating Money Laundering and Terrorist Financing. Dmitry Chernyshenko and Rosfinmonitoring Director Yuri Chikhanchin addressed the participants of the session

    A plenary session of the Eurasian Group on Combating Money Laundering and Terrorism Financing is taking place in Moscow. Russia currently chairs this authoritative association of states. During the opening, Deputy Prime Minister of Russia Dmitry Chernyshenko and Director of the Federal Financial Monitoring Service (Rosfinmonitoring) Yuri Chikhanchin addressed the participants.

    Dmitry Chernyshenko read out the greeting from the Chairman of the Russian Government Mikhail Mishustin to the delegates of the plenary session: “Today, integration in the Eurasian space is strengthening, which contributes to the multifaceted development and progressive economic growth of the countries of the region. The introduction of high technologies helps to automate many processes and reduce costs. At the same time, against the backdrop of rapid digitalization, new challenges arise associated with the emergence of sophisticated forms of terrorist financing, including through the use of crypto assets for illegal purposes. The success of the fight against money laundering directly depends on the clear coordination of the actions of the agencies responsible for financial security. In this regard, it is impossible to overestimate the importance of the activities carried out by the Eurasian Group.”

    The Prime Minister’s greeting stated that over 20 years an effective model of interstate partnership has been built, allowing for transparency of financial flows, timely identification and minimization of risks, and prompt response to them. It is important that the group has created conditions for substantive dialogue on a full range of issues related to the protection of national and international financial systems.

    Dmitry Chernyshenko thanked Yuri Chikhanchin and Rosfinmonitoring for the effective organization of the plenary week. He emphasized that the Russian Government pays special attention to issues of financial security, combating money laundering and terrorist financing. It is important to maintain constant cooperation and exchange of experience between the countries participating in the Eurasian Group.

    “Special attention must be paid to improving the qualifications of specialists working in the field of financial intelligence and analysis. Constantly updating knowledge and competencies will allow us to identify suspicious transactions more quickly and accurately and prevent potential crimes. Educating the general public, which can significantly reduce the vulnerability of individuals and companies to fraud and manipulation, also plays a key role. In conclusion, I would like to emphasize that the successful implementation of the set goals is possible only with the active interaction of all stakeholders, consolidation of efforts and openness to innovation. We are convinced that the work being done will create a solid foundation for the further sustainable development of our economies and provide reliable protection against new threats,” the Deputy Prime Minister added.

    The Deputy Prime Minister reported that more than 450 delegates, representatives of 19 countries and 20 international organizations, gathered in person at the plenary session. This speaks to the relevance and importance of the topic.

    “It is symbolic that the event is taking place in Moscow. Russia pays special attention to issues of financial security, combating money laundering and terrorism financing, especially in terms of working with young people. In our country, for the fifth time, the International Financial Security Olympiad will be held on the instructions of President Vladimir Putin. This year, for the first time, it will be held in the very center of Russia – Krasnoyarsk Krai,” said Dmitry Chernyshenko.

    More than 3.2 million Russian schoolchildren and 500 thousand foreign schoolchildren from 15 countries took part in the first stage of the Olympiad – a lesson on financial security.

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

    MIL OSI Russia News –

  • MIL-OSI Security: PMTEC and NAVAIR PMA-205 Partnered to Enhance Deterrence in the Indo-Pacific through an Accelerated Advancement of Live, Virtual, Constructive (LVC) Enablers

    Source: United States INDO PACIFIC COMMAND

    HONOLULU — The U.S. Indo-Pacific Command’s Pacific Multi-Domain Training and Experimentation Capability (PMTEC) and Naval Air Systems Command (NAVAIR) PMA-205 have partnered again, building on their successful collaborative efforts during Valiant Shield 24 and Northern Edge 25. This continued partnership furthers the development of fully integrated distributed Joint Live, Virtual, Constructive (JLVC) training to enhance warfighter capabilities.

    MIL Security OSI –