NewzIntel.com

Category: Machine Learning

  • MIL-OSI: Hedra raises $32M to build the leading generative media platform for digital characters

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, May 15, 2025 (GLOBE NEWSWIRE) — In the fight for audience attention, video wins – but producing it remains out of reach for most companies. Hedra, the AI video generation platform behind over 10 million lifelike videos, has raised $32 million to bring AI-powered video creation to enterprise marketers. 

    The series A funding round was led by Andreessen Horowitz’s Infrastructure fund (a16z Infra), with participation from existing investors, including a16z speedrun, Abstract, and Index Ventures. This round brings the company’s total funding to $44 million since its last announced fundraise in 2024. 

    Video production is mired in lengthy timelines and production costs that can spike up to thousands of dollars per minute. While over 2.5 million users have already generated millions of videos with Hedra,  the company is now bringing this creative superpower to enterprise marketers (and beyond) who need to produce character-driven video content at scale. Whether it’s a seasonal campaign or a response to a real-time cultural moment, Hedra allows teams to create high-quality content fast featuring lifelike digital characters – so they can meet their audience where they are, when it matters most.

    Hedra founder Michael Lingelbach.

    Hedra’s origin is deeply personal for founder and CEO Michael Lingelbach. Before pursuing a PhD at Stanford, he spent years on stage as a theatre actor. That experience shaped his belief that characters are the heart of every story, and that believable digital characters would unlock the next era of storytelling. “We’re building the next generation of storytelling technology to empower content creators and enterprise marketers to tell narratives at scale on their own. Getting over the uncanny valley of compelling performance is the hardest frontier in video, and with our Character-3 foundation model, we’re devoted to crossing it,” said Michael Lingelbach, Founder and CEO of Hedra.

    At the heart of Hedra’s magic is Character-3, the first omnimodal foundation model that seamlessly blends text, image, and audio to create character performance videos. Whether you need a professional spokesperson explaining your product, an animated brand mascot, or even an animal-style character, the model works across any style and framing — from cinematic full-body shots to intimate close-ups. This breakthrough technology powers Hedra Studio, where users can transform simple ideas into compelling visual stories with just a few clicks.

    Video creation in motion with Hedra.

    Since launching in 2024, Hedra has seen explosive growth, attracting a wide range of users, from social media creators to enterprise teams looking to streamline video production – including Jon LaJoie and Reid Hoffman. As marketing teams face pressure to do more with less, and as consumers grow increasingly discerning in a tighter economic climate, the ability to produce content quickly — and with emotional impact — has become a competitive necessity. With Hedra, brands can speak to the moment, respond to cultural conversations in real time, and cut through the noise with high-quality videos that resonate.

    “This kind of creative agility is no longer just a nice-to-have — it’s essential for capturing attention in an increasingly crowded digital landscape,” added Michael Lingelbach. Unlike competitors focused solely on avatars or narrow use cases, Hedra delivers a unified solution that integrates story, sound, and video generation into one seamless workflow. Teams can create customizable digital characters with unique appearances, voices, and personalities and place them into dynamic scenes — empowering them to scale content production without sacrificing quality or originality.

    Team Hedra is bringing creative superpowers to enterprise marketers (and beyond) who need to produce character-driven video content at scale.

    “Hedra is building foundational technology for the next generation of media,” said Matt Bornstein, Partner at Andreessen Horowitz who had joined the Hedra board. “Character-3 is a breakthrough model that integrates text, video, and audio to create highly controllable, expressive characters. If you want to create AI-driven actors, it’s the best model in the market by far. And that capability unlocks use cases across the creator economy, enterprise marketing, entertainment, and more. We’re absolutely thrilled to back Michael and the Hedra team as they build the foundation model for generative characters.”

    As AI-powered storytelling continues to evolve, Hedra is investing heavily in pushing the next frontier of quality and controllable model quality — ensuring that its technology not only performs at the cutting edge, but solves real-world creative challenges. The team has grown to 20 employees, with plans to triple headcount by year’s end.

    Looking ahead, Hedra is poised to become the creative canvas for the next generation of media creators – from individuals to global brands. By combining cutting-edge AI models with intuitive creation tools, the company is democratizing video production and enabling a future where compelling visual narratives are limited only by imagination, not by budget or technical expertise. As the line between human and AI-generated content continues to blur, Hedra is ensuring that the art of storytelling remains vibrant, accessible, and deeply human at its core.

    Ends

    Media images can be found here. 

    About Hedra
    Hedra is at the forefront of combining artificial intelligence with creative video production making digital creation as accessible and engaging as it should be. Their platform is designed to democratize video creation, making it easier and faster for users to produce high-quality content with complex narratives and personalized characters. Hedra’s developments are set to transform how brands and individual creators engage with audiences, providing new avenues for storytelling in the digital age. More for information please visit https://www.hedra.com/ or follow via LinkedIn, X or TikTok. 

    The MIL Network –

  • MIL-OSI: Wix Aims to Disrupt the Design Experience with Wixel, The Next-Generation AI-Powered Visual Design Platform for Anyone

    Source: GlobeNewswire (MIL-OSI)

    Wix is redefining creative empowerment with the launch of Wixel – a standalone AI-powered design platform that brings the most advanced visual design capabilities into a single intuitive interface

    NEW YORK – Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally1 today announced the launch of Wixel, a new standalone AI-powered visual design platform.  Built to democratize visual design, Wixel enables anyone to effortlessly bring their ideas to life, producing high-quality results with ease. The platform integrates cutting-edge artificial intelligence with an intuitive user interface and powerful features to offer a seamless visual design experience.

    A Media Snippet accompanying this announcement is available in this link.

    In an era of rapid technological change and rising user expectations, studio-quality design has become the new standard. With the overwhelming amount of available tools, the landscape is constantly shifting, and many business owners and creators often struggle with finding the right tools for specific use cases and producing professional results.

    Wix has long been at the forefront of making complex technologies accessible to all, empowering anyone to build professional-quality websites. That same vision now powers Wixel, an AI-driven design platform that brings high-end creative tools to anyone. Wixel is unique in that it handles the complexity behind the scenes, choosing the best models for each task to ensure optimal results. 

    For example, a jewelry designer can snap a photo of their product, upload it to Wixel, instantly remove or place their product in a completely different setting and context, fine-tune contrast and saturation, and place it into a professionally designed template – all within minutes. They can add text, customize the layout, and download the final image to use on social media or their online store. Alternatively, Wixel can generate high-quality images in several different styles, giving users the flexibility to match their brand seamlessly. This end-to-end workflow makes it easier than ever to create visual assets, with even more advanced features, like video and story creation on the horizon. 

    “AI is the foundation of Wixel,” said Avishai Abrahami, Co-Founder and CEO of Wix. “Design is in our DNA, and simplifying complex experiences is what we do best. We’re now determined to revolutionize design by democratizing access to powerful and creative tools for everyone, regardless of their design expertise. This version is just the beginning, and I am excited to explore the limitless creative possibilities that Wixel will unlock as we continue to innovate and refine our platform.”

    Among the advanced models powering Wixel is OpenAI’s new image generation model. Colin Jarvis, Head of Forward Deployed Engineering at OpenAI, said: “We’re always excited to see how our API can create new user experiences and Wix is making it easier than ever for people to create professional-looking visuals, fast. By integrating our image generation technology into Wixel, they’ve built a simple, powerful tool that helps anyone—from small business owners to creators—to bring their ideas to life with just a few clicks.

    Wixel is now available in English, providing free usage with an optional upgrade to a Pro Plan for enhanced usage and access to premium templates and design elements. Learn more about Wixel here.

    About Wix.com Ltd.
    Wix is the leading SaaS website builder platform1 to create, manage and grow a digital presence. Founded  in 2006, Wix is a comprehensive platform providing users – self-creators, agencies, enterprises, and more – with industry-leading performance, security, AI capabilities and a reliable infrastructure. Offering a wide range of commerce and business solutions, advanced SEO and marketing tools, the platform enables users to take full ownership of their brand, their data and their relationships with their customers. With a focus on continuous innovation and delivery of new features and products, users can seamlessly build a powerful and high-end digital presence for themselves or their clients. 

    For more about Wix, please visit our Press Room
    Media Relations Contact:  PR@wix.com  

    1 Based on number of active live sites as reported by competitors’ figures, independent third-party data and internal data as of H1 2024.

    Attachments

    The MIL Network –

  • MIL-OSI: Altai Announces Senior Management Addition

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 15, 2025 (GLOBE NEWSWIRE) — Altai Resources Inc. (TSXV: ATI) (“Altai” or the “Company”) announced today that the Company has added Yana Silina to the senior management team, in the role of Chief Financial Officer (the “CFO”). Ms. Silina is a Chartered Professional Accountant with over 15 years of experience in financial reporting, corporate governance, and regulatory compliance, primarily within the venture capital and resource sectors.

    Ms. Silina holds a Diploma in Management Studies from Thompson Rivers University and is currently a Senior Accountant at Da Costa Management Corp., where she provides financial consulting and outsourced CFO services to both public and private companies.

    Ms. Silina also serves as the CFO of StimCell Energetics Inc., Stuhini Exploration Ltd., Tocvan Ventures Corp, and Cascade Copper Corp. In addition, she is a Director of Kesselrun Resources Ltd.

    ABOUT ALTAI
    Altai Resources Inc. is a Toronto, Ontario based resource company with a producing oil property in Alberta, an exploration gold property in Quebec, and a Canadian investment portfolio comprised of cash, cash equivalents, and marketable securities. Additional information about Altai is available on SEDAR+ at www.sedarplus.ca and on Altai’s website at www.altairesources.com.

    For further information, please contact:
    Kursat Kacira, Chairman & CEO/President
    T: (647) 282-8324, E: kursatkacira@altairesources.ca

    Neither 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 Russia: The world’s largest ro-ro vessel was delivered to a customer in China

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    SHANGHAI, May 15 (Xinhua) — The world’s largest ro-ro vessel Anji Ansheng was delivered to its customer in Shanghai on Thursday.

    The vessel, which can carry up to 9,500 cars, was built by SAIC Anji Logistics Co., Ltd., a subsidiary of SAIC Motor Corporation Limited. The giant car carrier features high load-carrying capacity and high energy efficiency.

    Later on Thursday evening, the Anji Ansheng, loaded with more than 7,000 SAIC MG passenger cars and other new energy vehicles (NEVs), will set off for Europe. -0-

    MIL OSI Russia News –

  • MIL-OSI: Vocodia Secures Up to $3 Million to Advance Digital Asset Strategy

    Source: GlobeNewswire (MIL-OSI)

    BOCA RATON, Fla., May 15, 2025 (GLOBE NEWSWIRE) — Vocodia Holdings Corp. (OTC: VHAI), a provider of AI-powered customer engagement solutions, today announced it has secured up to $3 million in funding to support the company’s entry into the digital asset space.

    The capital will be used to acquire select digital assets, aligning with Vocodia’s long-term technology and investment strategy. The company’s proprietary Predictive AI tools, developed in collaboration with strategic partners, will guide asset selection and risk management to build a diversified portfolio.

    “This funding enhances our ability to strategically enter the digital asset space in a way that aligns with our core competencies in AI and data analysis,” said Brian Podolak, CEO of Vocodia. “We’re not just speculating—we’re applying real technology to make informed decisions and drive long-term value.”

    About Vocodia Holdings Corp.
    Vocodia is an AI software company that develops practical AI solutions, making them easily accessible for businesses through cloud-based platforms. These solutions are cost-effective and scalable to enterprise levels. Vocodia specializes in conversational AI, providing scalable enterprise-level AI sales and customer service solutions. Their Digital Intelligent Sales Agents (DISAs) are designed to sound and feel human, performing tasks that require human-like conversation, thereby reducing labor costs and enhancing communication effectiveness. For more information, please visit: http://www.vocodia.com

    Forward-Looking Statements
    This release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “believe,” “project,” “estimate,” “expect,” strategy,” “future,” “likely,” “may,”, “should,” “will” and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the risks and uncertainties more fully in the section captioned “Risk Factors” in the Company’s Registration Statement on Form S-1 related to the public offering (SEC File No. File No. 333-269489) and other reports we file with the SEC. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, our actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. Forward-looking statements contained in this announcement are made as of this date and undertake no duty to update such information except as required under applicable law.

    Investor Relations Contact: 
    ir@vocodia.com

    The MIL Network –

  • MIL-OSI: Tenable Powers AI-Driven Exposure Management with Third-Party Data Connectors and Unified Dashboards

    Source: GlobeNewswire (MIL-OSI)

    COLUMBIA, Md., May 15, 2025 (GLOBE NEWSWIRE) — Tenable®, the exposure management company, today announced powerful new enhancements to its flagship platform, Tenable One, with the introduction of Tenable One Connectors and customizable risk dashboards. These advancements — powered by Tenable ExposureAI™ and built on the Tenable Data Fabric — make Tenable One the most advanced exposure management solution available today. With third-party data connectors, organizations unlock a contextualized view of all their security risk data in one place, regardless of the security products they use.

    In today’s fragmented security landscape, large organizations juggle an average of 83 disconnected tools1, leading to siloed operations and critical blind spots. The result is scattered data and operational inefficiencies across the attack surface. Tenable One addresses this complexity by consolidating exposure insights from both native and third-party tools into a unified, contextual view, transforming fragmented data into business-aligned intelligence.

    Tenable One now features a vast and rapidly expanding ecosystem of out-of-the-box Connectors, enabling seamless integration with widely used third-party tools for endpoint detection and response (EDR), cloud security, vulnerability management, operational technology security, ticketing systems and more. With new Connectors launching throughout Q2 2025 and beyond, Tenable unifies security data across the enterprise, delivering a comprehensive and actionable view of organizational risk.

    At the core of the platform is the Tenable Exposure Data Fabric, a scalable, cloud-native architecture that ingests, normalizes, and connects data across the security ecosystem. This foundation feeds Tenable ExposureAI, the platform’s machine learning engine that surfaces toxic risk combinations and hidden attack paths, and prioritizes actions based on potential business impact.

    New unified risk dashboards further elevate the platform’s impact. Designed to eliminate time-consuming manual reporting, these dashboards offer fully customizable views that align to specific business roles and priorities. With flexible report configurations and powerful visualization options, security teams can deliver insights and communicate risks faster and with greater business impact.

    “The cybersecurity market is saturated with point solutions that operate in isolation, slowing security efforts and leaving organizations vulnerable,” said Steve Vintz, co-chief executive officer and chief financial officer, Tenable. “The power of Tenable One enables organizations to view risks across security tools in context and focus remediation efforts on the exposures that matter most.”

    These innovations mark a major milestone following Tenable’s acquisition of Vulcan Cyber and reinforce Tenable’s commitment to lead the exposure management market with unmatched breadth, intelligence and operational scale.

    Additional Information:

    1 IBM report, “Capturing the cybersecurity dividend”, January 2025

    About Tenable
    Tenable® is the exposure management company, exposing and closing the cybersecurity gaps that erode business value, reputation and trust. The company’s AI-powered exposure management platform radically unifies security visibility, insight and action across the attack surface, equipping modern organizations to protect against attacks from IT infrastructure to cloud environments to critical infrastructure and everywhere in between. By protecting enterprises from security exposure, Tenable reduces business risk for approximately 44,000 customers around the globe. Learn more at tenable.com.

    Media Contact:
    Tenable
    tenablepr@tenable.com

    Forward-Looking Statements
    This press release includes forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact are forward-looking statements and represent our views as of the date of this press release. The words “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “will” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of assumptions and risks and uncertainties, many of which involve factors or circumstances that are beyond our control that could affect our financial results. These risks and uncertainties are detailed in the sections titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2024 as well as other filings that we make from time to time with the SEC, which are available on the SEC’s website at sec.gov. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our 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 we may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in any forward-looking statements. Except as required by law, we are under no obligation to update these forward-looking statements subsequent to the date of this press release, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

    The MIL Network –

  • MIL-OSI Economics: Gene therapies drive growth of genomics market, says GlobalData

    Source: GlobalData

    The integration of genomics into the pharmaceutical industry has allowed researchers to better understand the genetic factors underlying diseases, leading to the development of more targeted and effective therapies. Many of these therapies are designed to treat rare diseases that affect small patient populations. Generating $2.6 billion in sales in 2024, gene therapies are the key drivers of the growth of the genomics market, says GlobalData, a leading data and analytics company.

    GlobalData’s latest report, “Transformational Power of Genomics in Pharma,” reveals that the market for genomic therapies is demonstrating significant growth, with sales projected to increase from $20.1 billion in 2024 to $89.8 billion in 2030, at a compound annual growth rate (CAGR) of 28.3%. There are various types of genomic therapies, such as gene therapies, oncolytic viruses, oligonucleotides, messenger RNA (mRNA) vaccines, and recombinant vector vaccines.

    GlobalData estimates gene therapies to grow to $30.9 billion by 2030, representing the highest CAGR of 50.8% during 2024-30 in comparison to other key molecule types. This substantial growth in sales is forecast to be driven by Sarepta Therapeutics’ Elevidys (delandistrogene moxeparvovec) for the treatment of Duchenne muscular dystrophy (DMD), with sales forecast to reach $2.75 billion in 2030. Other key drivers include Novartis’ Zolgensma (onasemnogene abeparvovec) for the treatment of spinal muscular atrophy (SMA), with a sales forecast of $2.1 billion in 2030.

    Gaffar Aga, Strategic Intelligence Analyst at GlobalData, comments: “This growth is driven by factors such as the implementation of artificial intelligence (AI) and machine learning (ML) to efficiently analyze expanding genomic datasets, allowing researchers to accelerate processes such as drug discovery and development within the genomics landscape.”

    Furthermore, the oligonucleotide market is exhibiting growth in all sectors. The antisense RNAi oligonucleotide market is forecast to grow from $2.5 billion in 2024 to $18.7 billion in 2030, at a CAGR of 39.9%. The antisense oligonucleotide market is also exhibiting growth, with the market forecast to grow from $3.1 billion in 2024 to $14.3 billion in 2030 at a CAGR of 28.8%.

    Additionally, the mRNA vaccine market is forecast to exhibit steady growth, with sales increasing from $11 billion in 2024 to $17.9 billion in 2030 at a CAGR of 8.4%.

    Finally, the recombinant vector vaccine market is expected to generate the lowest number of sales, reaching $1.34 billion by 2030 at a CAGR of 31.4%.

    George El-Helou, Strategic Intelligence Analyst at GlobalData, concludes: “The field of genomics has the potential to revolutionize a wide range of diseases, offering alternative pathways of therapeutic options with high unmet medical needs. However, several market barriers remain, including the high costs associated with drug discovery, manufacturing, and logistical procedures within the industry.”

    MIL OSI Economics –

  • MIL-OSI: Aptean Apparel Shop Floor Control Wins Best New Concept at the 2025 Texprocess Innovation Awards

    Source: GlobeNewswire (MIL-OSI)

    ALPHARETTA, Ga., May 15, 2025 (GLOBE NEWSWIRE) — Aptean’s Apparel Shop Floor Control has been awarded Best New Concept at the 2025 Texprocess Innovation Awards. This real-time production management solution provides apparel manufacturers with instant access to critical data and insights, enhancing efficiency, visibility and increasing workforce productivity. The recognition reinforces Aptean’s commitment to delivering enterprise solutions that drive smarter decision making for manufacturers.

    To further support apparel manufacturers in navigating today’s challenges, Aptean has introduced AI-powered tools that streamline troubleshooting, making the process faster and more intuitive for customers.

    The Texprocess award spotlights Aptean Shop Floor Control, alongside Aptean’s ERP and PLM solutions, and its revolutionary, new AI-driven platform, AppCentral. Custom-built to streamline operations and integrate Aptean tools seamlessly, AppCentral is designed to support the apparel industry stay ahead in an increasingly dynamic market.

    “Aptean is honored to receive the Best New Concept award,” said TVN Reddy, CEO of Aptean. “Aptean Shop Floor Control empowers manufacturers to take control of their operations with the right solutions to optimize performance, reduce costs and improve efficiency – all in real time. As an AI-first company, we believe AI generates the most value when integrated across a comprehensive suite of solutions tailored to the industry’s needs. Aptean’s offerings span ERP, Product Lifecycle Management, (PLM), Electronic Data Interchange (EDI) and Shop Floor Control, ensuring an end-to-end approach that goes beyond what traditional ERPs provide. Now with AppCentral at the core of our AI strategy, we are committed to delivering exponentially greater value for our apparel customers.”

    Texprocess Americas 2025 is the premier event of the year for the apparel industry and showcases the entire global textile value chain, from high-tech textiles and smart art fabrics, to processing technologies like design, cutting, sewing and logistics. The 2025 Texprocess Innovations Awards honor exceptional performance in the fields of new materials products and technologies as well as applications and concepts. The awards have been designed to make innovative developments visible, promote unconventional thinking and intensify dialogue between researchers, manufacturers and users. A key criterion is that an innovation must have been discovered or invented, developed, introduced and institutionalized.

    Taking the Next Step with Aptean
    Companies seeking to accelerate their operations with tailored AI-driven intelligence can connect with an Aptean specialist for a discussion on how this purpose-built ERP solution can transform their apparel business. Personalized demos are available and Aptean provides regular webinars to view the technology in action.

    Act now and move into the future of Apparel with tailored intelligence.

    About Aptean: Aptean is one of the world’s leading providers of purpose-built, industry-specific software that helps manufacturers and distributors effectively run and grow their businesses. With both cloud and on-premises deployment options, Aptean’s products, services and unmatched expertise help businesses of all sizes to be Ready for What’s Next, Now®. Aptean is headquartered in Alpharetta, Georgia, USA, and has offices in North America, Europe, and Asia-Pacific.
    To learn more about Aptean and the markets we serve, visit www.aptean.com.
    Aptean and Ready for What’s Next, Now are Registered Trademarks of Aptean, Inc. All other company and product names may be trademarks of the respective companies with which they are associated.

    For Media Inquiries Please Contact
    MediaRelations@Aptean.com

    The MIL Network –

  • MIL-OSI: Micropolis to Present at the Aegis Capital Corp. 2025 Virtual Conference on May 20th

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, May 15, 2025 (GLOBE NEWSWIRE) — Micropolis Holding Co. (“Micropolis” or the “Company”) (NYSE: MCRP), a pioneer in unmanned ground vehicles and AI-driven security solutions, today announced that its management team is scheduled to present at the Aegis Capital Corp. 2025 Virtual Conference on May 20, 2025.

    Presentation Details:
    Date: May 20, 2025
    Time: 12:30 p.m. ET
    Webcast: Register Here

    For more information, please contact your Aegis Capital representative or email KCSA Strategic Communications at Micropolis@kcsa.com.

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

    For more information please visit www.micropolis.ai.

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

    Media Contact:
    Jessica Starman
    media@elev8newmedia.com

    The MIL Network –

  • MIL-OSI: Broadcom Announces Third-Generation Co-Packaged Optics (CPO) Technology with 200G/lane Capability

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., May 15, 2025 (GLOBE NEWSWIRE) — Broadcom Inc. (NASDAQ: AVGO) today announced significant advancements in its co-packaged optics (CPO) technology with the launch of its third-generation 200G per lane (200G/lane) CPO product line. In addition to the 200G/lane breakthrough, Broadcom demonstrated the maturity of its second-generation 100G/lane CPO products and ecosystem, highlighting key improvements in OSAT processes, thermal designs, handling procedures, fiber routing, and overall yield. A growing list of publicly-announced industry partners further underscores Broadcom’s CPO platform readiness, enabling AI scale-out and scale-up applications for large AI deployments.

    Broadcom’s Legacy in CPO

    Broadcom’s leadership in CPO began in 2021 with its first-generation Tomahawk 4-Humboldt chipset, enabling an early learning cycle across the entire CPO supply chain, well ahead of the industry. This pioneering chipset introduced key innovations, including high-density integrated optical engines, edge coupling, and detachable fiber connectors.

    Building on that success, the second-generation Tomahawk 5-Bailly (TH5-Bailly) chipset became the industry’s first volume-production CPO solution. As part of the TH5-Bailly production, Broadcom focused on automated testing and scalable manufacturing processes, setting the stage for high-volume production of future generations. The deployment of Broadcom’s 100G/lane CPO product line has enabled the company to gain unmatched expertise in CPO system design, seamlessly integrating optical and electrical components to maximize the performance while delivering the lowest power optical interconnects in the industry.

    Today, with the announcement of the third-generation 200G/lane CPO product line, alongside commitment to developing a fourth-generation 400G/lane solution, Broadcom continues to lead the industry in delivering the lowest power and highest bandwidth density optical interconnects.

    A Rapidly Developing CPO Ecosystem

    Broadcom’s leadership in CPO is driven not only by its cutting-edge switch ASICs and optical engine technology but also by a comprehensive ecosystem of passive optical components, interconnects, and system solutions partners. Through its 100G/lane CPO product line, Broadcom has proven its ability to scale its technology, meeting the growing demands of inference-based AI and supporting the next wave of AI-driven applications.

    “Broadcom has spent years perfecting our CPO platform solutions, as evidenced by the maturity of our second generation 100G/lane products and the ecosystem readiness,” said Near Margalit, Ph. D., vice president and general manager of the Optical Systems Division, Broadcom. “With our third-generation 200G/lane CPO solutions, we are once again setting the bar for the next-generation of AI interconnects. Our commitment to delivering the industry-leading performance, power efficiency, and scalability will help our customers meet the demands of today’s rapidly evolving AI infrastructure.”

    Key Partner Milestones Towards Mass Deployment

    Broadcom’s advancements in CPO technology are supported by the growing number of key publicly announced partnerships across the ecosystem, as several major collaborators announced significant milestones this week:

    • Corning Incorporated announced collaboration with Broadcom on advanced fiber and connector technology including shipments of components on the TH5-Bailly platform.
    • Delta Electronics announced production for the TH5-Bailly 51.2T CPO Ethernet switch in a compact 3RU form factor, available in both air-cooled and liquid-cooled configurations.
    • Foxconn Interconnect Technology revealed the production release of CPO LGA sockets and Pluggable Laser Source (PLS) cages and connectors, critical components for ensuring reliable, high-performance system integration.
    • Micas Networks announced production of the TH5-Bailly network switch system that delivers more than 30% system level power savings compared to systems with traditional pluggable modules.
    • Twinstar Technologies celebrated milestone volume shipments of high-density CPO fiber cables, further enabling the scaling of optical interconnects in next-gen data center infrastructures.

    These partner milestones demonstrate the continued progress in building a complete, fully integrated CPO ecosystem that enables the next generation of AI networking solutions.

    Gen 3 CPO: Unlocking 200G/lane CPO Systems

    Broadcom’s 200G/lane CPO technology is designed for next-generation, high-radix scale-up and scale-out networks, which will demand parity with copper interconnect reliability and power efficiency. This capability is crucial for enabling scale-up domains exceeding 512 nodes, while also addressing the bandwidth, power, and latency challenges associated with the increasing size of next-generation foundation model parameters.

    Broadcom’s Gen 3 solutions are engineered to address scale-up interconnects, where issues such as link flaps and operational disruptions can significantly affect the industry’s ability to achieve the lowest cost per token. Broadcom’s Gen 3 and 4 roadmap includes close collaboration with ecosystem partners to optimize the integration of CPO solutions, ensuring they meet the demanding requirements of hyperscale data centers and AI workloads. Additionally, Broadcom remains committed to open standards and system-level optimization, which are essential to the continued success and evolution of our CPO technology.

    For more information on Broadcom’s CPO technology and latest advancements, please click here: www.broadcom.com/cpo

    Supporting Quotes

    “Corning has been collaborating with Broadcom for several years to ensure that their CPO connectivity needs can be met with a high degree of performance and reliability as AI-enabled datacenters continue to scale,” said Mike O’Day, Senior Vice President and General Manager, Corning Optical Communications. “We’re delivering an optical connectivity solution that enables unprecedented levels of optical speeds and bandwidth concentrations with lower power consumptions and costs. Corning looks forward to continued collaboration with Broadcom on their Bailly deployments as well as innovating towards next generation 200G per lane CPO systems.”

    “We are excited to bring this state-of-the-art CPO switch to market, empowering data centers to achieve even greater efficiency and performance,” said Wangson Wang, General Manager of Data Networks Infrastructure BU at Delta. “Our goal is to support the next generation of networking infrastructure with innovative solutions that deliver unparalleled speed, reduced energy consumption, and scalable growth for AI networks.

    “We’re deepening our partnership with Broadcom to drive innovation in 200G co-packaged optics,” said Joseph Wang, Chief Technology Officer at Foxconn Interconnect Technology. “Our joint efforts are aimed at delivering AI infrastructure that’s ready for scale—built on high-performance, energy-efficient interconnects designed for tomorrow’s data demands.”

    “At Micas Networks, we’re excited to see Broadcom pushing the boundaries of networking technology with their next-generation 200G per lane CPO solutions. Our collaboration with Broadcom has been instrumental in launching the industry’s first volume production, 100G per lane, CPO system delivering ultra low-power optical interconnects into AI fabrics,” said Joey Gou, CEO of Micas Networks. “Now, with a 200G per lane version, we’re pushing even further into ultra-fast, power-efficient networking that will enable a range of next-gen applications. We look forward to continuing our partnership with Broadcom to support the evolving demands of the data-driven world.”

    About Broadcom
    Broadcom Inc. (NASDAQ: AVGO) is a global technology leader that designs, develops, and supplies a broad range of semiconductor, enterprise software and security solutions. Broadcom’s category-leading product portfolio serves critical markets including cloud, data center, networking, broadband, wireless, storage, industrial, and enterprise software. Our solutions include service provider and enterprise networking and storage, mobile device and broadband connectivity, mainframe, cybersecurity, and private and hybrid cloud infrastructure. Broadcom is a Delaware corporation headquartered in Palo Alto, CA. For more information, go to www.broadcom.com.

    Broadcom, the pulse logo, and Connecting Everything are among the trademarks of Broadcom. The term “Broadcom” refers to Broadcom Inc., and/or its subsidiaries. Other trademarks are the property of their respective owners.

    Press Contact:
    Khanh Lam
    Global Communications
    press.relations@broadcom.com
    Telephone: +1 408 433 8649

    The MIL Network –

  • MIL-OSI: Drone as a Service Market Well Poised for Sustained Growth in Commercial, Industrial and Civic Usage

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., May 15, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Industry experts are expecting the Drone Service market to flourish. One such report from FACT.MR projected that the drone services market is valued at USD 8.66 billion in 2025 and the industry will grow at a CAGR of 14.3% and reach USD 32.96 billion by 2035. The report said: “In 2024, the drone services industry recorded dynamic shifts fueled by regulatory clarity, commercial adoption, and end-user digitization efforts. Fact.MR analysis found that demand surged notably in the precision agriculture segment, particularly across North America and Western Europe, as growers adopted drone-based imaging and multispectral analysis to improve field-level decision-making. In the mining as well as construction sectors, companies increased use of aerial mapping, which provided real-time volumetric analysis as well as site safety compliance. At the same time, drone-enabled monitoring made substantial progress in city policing and border security, with large pilot schemes initiated in the Middle East and South Asia. Commercial media organizations, event producers, and property agents also ramped up drone-based photography as well as filming in anticipation of increasing visual content needs. These trends reinforced a larger move away from use-case limitations toward operational adoption across industries.”   Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), Vertical Aerospace (NYSE: EVTL), Unusual Machines, Inc. (NYSE American: UMAC), NVIDIA Corporation (NASDAQ: NVDA), Archer Aviation Inc. (NYSE: ACHR).

    FACT.MR continued: “As the sector moves into 2025, the environment is on the cusp of increased scalability. Business drone fleets are moving from pilot to standard operations, particularly in logistics and asset inspection. Fact.MR indicates that increasing adoption of AI-driven navigation, enhanced battery density, and BVLOS (Beyond Visual Line of Sight) capabilities will drastically enhance service accuracy and cost-effectiveness. Valued at USD 8.66 billion in 2025 and expected to reach USD 32.96 billion by 2035 at a CAGR of 14.3%, the industry is well placed for sustained growth in industrial and civic usage. To stay ahead, companies must immediately pivot toward building integrated drone service platforms that combine AI-enabled flight autonomy, sector-specific analytics, and BVLOS capabilities. This intelligence highlights a shift from isolated deployments to enterprisescale drone ecosystems, requiring the client to reprioritize R&D toward modular, scalable solutions for logistics, agriculture, and infrastructure sectors.”

    ZenaTech (NASDAQ:ZENA) Reports Nearly Double Revenue Year-Over-Year for the First Quarter of 2025 – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces financial results for the first quarter 2025.

    First Quarter 2025 Highlights:

    • Total revenues for the first quarter of 2025 were $1.13 million, up 92% compared to $591,379 for the first quarter of 2024 primarily due to acquisitions and organic growth.
    • ZenaTech’s new Drone as a Service or DaaS segment grew from completing two acquisitions of land survey drone servicing companies ─ Oregon-based Weddle Surveying and Florida-based KJM Land Surveying. The Company also signed five LOIs (Letter of Intent) for additional acquisitions during the quarter.
    • The company acquired Othership, a UK workplace management software company supporting its enterprise SaaS software segment, where it plans to leverage workplace AI and quantum computing productivity solutions targeting business and government customers.
    • The company made investments in longer term growth and in new segment development that caused general and administrative expenses to increase to $5.75 million in Q1 2025 versus about $0.7 million in Q1 of 2024. This primarily consisted of sales and marketing activities, new hires, professional services, and finance expenses.
    • ZenaTech made investments in its subsidiary ZenaDrone’s UAE manufacturing capabilities during the quarter, including hiring 35 new engineers and technicians. Also announced was the opening of a drone testing facility in Turkey for beyond-the-line-of-sight drone testing.
    • Drone product highlights in Q1 include finalizing the third-generation design and “production model” of the ZenaDrone 1000 drone that will enable the start of scaling up of production. The company also announced the IQ Square drone has moved from prototype to manufacturing stage.
    • The commence of work on a heavy-lift gas-powered ZD 1000 model for longer fight times for US defense applications took place during the quarter. Testing also commenced on a new high-density drone battery and a proprietary communications system for this drone.
    • The company reported that ZenaDrone is preparing for Green UAS followed by Blue UAS certification required to sell to the US Military. Additionally, it is reviewing and putting in place cybersecurity practices, documentation, and internal controls necessary to apply for this certification.
    • ZenaTech further expanded its Taiwan drone component manufacturer─ Spider Vision Sensors, adding additional engineering and business development staff. It also announced the first Blue UAS-certifiable drone sensors are under development.

    “The first quarter of 2025 was a very strong and encouraging start to the year as revenue nearly doubled, up 92% primarily due to acquisitions and organic growth across both our software and drone segments,” said CEO Shaun Passley, Ph.D. “During the first quarter we launched our Drone as a Service or DaaS business segment with a vision to have a national footprint in the US and globally.”

    “Although expenses increased during the first quarter, these are investments intended to grow the company over the long-term, namely in marketing, manufacturing, product development and testing capacity, which we believe will yield future rewards.

    “We believe that this quarter’s performance demonstrates that our strategy to disrupt legacy businesses like land surveys via a DaaS business model is on track. Our momentum is strong, and we are well positioned to expand our range of drone services with a pipeline of over 20 acquisitions over the next 12 months,” concluded Dr. Passley. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    In Additional ZENA News: ZenaTech’s (NASDAQ:ZENA) Expands Drone-as-a-Service (DaaS) Exterior Building Power Washing to Dubai Tapping into a Global Drone Cleaning Services Market Growing to USD 13 Billion by 2030 – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announced it is expanding its United Arab Emirates (UAE) presence by establishing a new office to sell Drone-as-a-Service (DaaS) offerings based in Dubai. Initially this office will focus on delivering drone-powered cleaning services for building exteriors using the IQ Square drone tethered to a water pipe and electrical cord. The company is currently obtaining a permit from the Dubai Civil Aviation Authority to begin power wash testing and operations. Supporting this expansion, ZenaTech will hire two business development managers and up to four additional drone pilots, with drones supplied from its subsidiary ZenaDrone which has a manufacturing hub in nearby Sharjah.

    The global drone power washing market falls under a broader drone cleaning services market category that was valued at approximately USD 4.36 billion in 2023 and is projected to reach USD 13.2 billion by 2030, growing at a compound annual growth rate (CAGR) of almost 17% according to market analyst Valuates Reports , fueled by increasing demand for safe, efficient and cost-effective maintenance solutions.

    “With rising demand for tech-enabled and efficient maintenance solutions, whether for power washing buildings, renewable energy assets, or public spaces, we believe AI-powered drones will bring new safety standards, cost-efficiency, and greater environmental sustainability to maintenance tasks. UAE’s openness to innovative technology makes it an ideal launchpad for these DaaS solutions that we hope to expand to all seven emirates in addition to the US and Europe,” said CEO Shaun Passley, Ph.D.   Continued… Read this full release by visiting: https://www.zenatech.com/newsroom/

    Other recent developments in the drone industry include:

    Vertical Aerospace (NYSE: EVTL), a global aerospace and technology company that is pioneering electric aviation, recently provided an operating update and released financial results for the first quarter ended March 31, 2025. The first quarter 2025 results filing is accessible on the Company’s investor relations website.

    Stuart Simpson, CEO at Vertical, said: “2025 is on pace to be a transformational year for Vertical as we advance our piloted flight test programme and move into the final flight test phases. With the announcement of our hybrid-electric programme – opening up new high-value markets – and the expansion of our partnership with Honeywell to certify critical flight systems, we are deepening our technical and commercial edge. With growing regulatory confidence in the VX4 and a strong team behind us, we’re well positioned to deliver a scalable, certifiable aircraft to the global market.”

    Unusual Machines, Inc. (NYSE American: UMAC) (“Unusual Machines” or the “Company”), a leading U.S. manufacturer of drone components, recently announced it will exhibit at AUVSI XPONENTIAL 2025, the premier event for autonomy and uncrewed systems, taking place May 20-22, 2025, at the George R. Brown Convention Center in Houston, Texas.

    Unusual Machines will host a booth on the expo floor, where the Company will feature its new U.S.-made FPV motors and its growing portfolio of Blue UAS Framework-approved drone components. These offerings underscore Unusual Machines’ commitment to delivering high-performance, NDAA-compliant drone technology for defense, commercial, and public safety applications.

    Attendees are invited to visit the booth for product demonstrations and to meet with representatives from Unusual Machines. The Company will be actively engaging with integrators, OEMs, and procurement professionals throughout the event and will be ready to take orders on-site.

    Vision software company Foresight Autonomous Holdings has integrated NVIDIA Corporation (NASDAQ: NVDA) Jetson Orin generative AI computing modules into its 3D-perception system.

    Foresight is using Nvidia’s Jetson Orin Nano and Jetson AGX Orin modules to improve the capabilities of its perception systems deployed in various use cases, with a major focus on autonomous drones and unmanned aerial vehicles.

    The Jetson modules, which are used in generative AI, computer vision and advanced robotics, upgrade Foresight’s vision system with the computing power needed for autonomous drones and UAVs, according to Foresight.

    Archer Aviation Inc. (NYSE: ACHR) recently announced operating and financial results for the first quarter ended March 31, 2025. The Company issued a shareholder letter discussing those results, as well as its second quarter 2025 estimates.

    Commenting on first quarter 2025 results, Adam Goldstein, Archer’s founder and CEO, said: “Archer’s pushing the boundaries of what’s possible and reshaping the future of aviation for years to come. This quarter, the team made strong progress across our civil and defense efforts as we continue to deepen our strategic partner relationships and prepare for commercialization in the UAE later this year.”

    About FN Media Group:

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    DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty one hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

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    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: Metafoodx Raises $9.4M to Fight Food Waste with AI

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., May 15, 2025 (GLOBE NEWSWIRE) — Metafoodx, the AI food operations company, today announced it has raised $9.4 million in funding led by Trustbridge Partners, with participation from BlueRun Ventures and ScalableVision Capital. The funding will help Metafoodx fight widespread food waste in commercial kitchens with its powerful 3D AI scanner.

    Without tools to track consumption and forecast production, the food service industry can overproduce by 20–30%, wasting $382 billion in food each year. As prices climb and margins shrink, profitably delivering high-quality meals has never been more challenging.

    “Commercial kitchens are turning to technology to reduce waste, control costs and meet sustainability goals, catapulting the food technology market to more than $80 billion in the next five years,” said the lead investor at Trustbridge Partners. “Metafoodx has tapped into this opportunity with advanced AI and scanning technology in a sleek, practical device that delivers fast ROI and savings.”

    In seconds, Metafoodx’s 3D AI scanner captures an item’s image, weight and temperature; links it to the menu; and automatically logs it for food safety compliance. It keeps track of whether leftovers are composted, donated or reused. Because it tracks and analyzes operations across ordering, prep, plate and waste, Metafoodx accurately forecasts future production needs based on actual consumption. This innovative use of AI earned Metafoodx a 2025 Kitchen Innovations Award from the National Restaurant Association, judged by food service experts from the Air Force, Aramark and Disney.

    “The magic behind Metafoodx is our ability to tackle food waste at its source,” said Fengmin Gong, co-founder and CEO of Metafoodx. “We’ve made it incredibly easy for operators to use data from their own kitchens to improve ordering, food prep and serving to reduce their waste by 90%.”

    To learn more about Metafoodx, visit the company website and connect with the team at the National Restaurant Association Show, May 17-20, 2025, in Chicago at booths #4097 and #8433.

    About Metafoodx
    Metafoodx is a patented, AI-powered food operations platform that helps commercial kitchens reduce waste, optimize production and drive sustainability through real-time data and automation. Trusted by leading universities and food service providers, Metafoodx delivers measurable impact, including up to a 50% reduction in food waste and a 200% ROI within weeks of deployment. Metafoodx is a 2025 Kitchen Innovations Award winner, recognized by the National Restaurant Association for advancing efficiency and productivity in food operations.

    Visit metafoodx.com, and follow the company on LinkedIn, X and YouTube.

    Media Contact
    Liesse Jayalath
    metafoodx@lookleftmarketing.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/33fdc362-bfb7-46ea-8c31-fcc4997e39f7

    A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/17b0eb87-376d-4c74-b91c-aeb17e5429a4

    The MIL Network –

  • MIL-OSI Global: Algebra is more than alphabet soup – it’s the language of algorithms and relationships

    Source: The Conversation – USA – By Courtney Gibbons, Associate Professor of Mathematics, Hamilton College

    Algebra often involves manipulating numbers or other objects using operations like addition and multiplication. Flavio Coelho/Moment via Getty Images

    You scrambled up a Rubik’s cube, and now you want to put it back in order. What sequence of moves should you make?

    Surprise: You can answer this question with modern algebra.

    Most folks who have been through high school mathematics courses will have taken a class called algebra – maybe even a sequence of classes called algebra I and algebra II that asked you to solve for x. The word “algebra” may evoke memories of complicated-looking polynomial equations like ax² + bx + c = 0 or plots of polynomial functions like y = ax² + bx + c.

    You might remember learning about the quadratic formula to figure out the solutions to these equations and find where the plot crosses the x-axis, too.

    Graph of a quadratic equation and its roots via the quadratic formula.
    Jacob Rus, CC BY-SA

    Equations and plots like these are part of algebra, but they’re not the whole story. What unifies algebra is the practice of studying things – like the moves you can make on a Rubik’s cube or the numbers on a clock face you use to tell time – and the way they behave when you put them together in different ways. What happens when you string together the Rubik’s cube moves or add up numbers on a clock?

    In my work as a mathematician, I’ve learned that many algebra questions come down to classifying objects by their similarities.

    Sets and groups

    How did equations like ax² + bx + c = 0 and their solutions lead to abstract algebra?

    The short version of the story is that mathematicians found formulas that looked a lot like the quadratic formula for polynomial equations where the highest power of x was three or four. But they couldn’t do it for five. It took mathematician Évariste Galois and techniques he developed – now called group theory – to make a convincing argument that no such formula could exist for polynomials with a highest power of five or more.

    So what is a group, anyway?

    It starts with a set, which is a collection of things. The fruit bowl in my kitchen is a set, and the collection of things in it are pieces of fruit. The numbers 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 and 12 also form a set. Sets on their own don’t have too many properties – that is, characteristics – but if we start doing things to the numbers 1 through 12, or the fruit in the fruit bowl, it gets more interesting.

    In clock addition, 3 + 12 = 3.
    OpenStax, CC BY-SA

    Let’s call this set of numbers 1 through 12 “clock numbers.” Then, we can define an addition function for the clock numbers using the way we tell time. That is, to say “3 + 11 = 2” is the way we would add 3 and 11. It feels weird, but if you think about it, 11 hours past 3 o’clock is 2 o’clock.

    Clock addition has some nice properties. It satisfies:

    • closure, where adding things in the set gives you something else in the set,
    • identity, where there’s an element that doesn’t change the value of other elements in the set when added – adding 12 to any number will equal that same number,
    • associativity, where you can add wherever you want in the set,
    • inverses, where you can undo whatever an element does, and
    • commutativity, where you can change the order of which clock numbers you add up without changing the outcome: a + b = b + a.

    By satisfying all these properties, mathematicians can consider clock numbers with clock addition a group. In short, a group is a set with some way of combining the elements layered on top. The set of fruit in my fruit bowl probably can’t be made into a group easily – what’s a banana plus an apple? But we can make a set of clock numbers into a group by showing that clock addition is a way of taking two clock numbers and getting to a new one that satisfies the rules outlined above.

    Rings and fields

    Along with groups, the two other fundamental types of algebraic objects you would study in an introduction to modern algebra are rings and fields.

    We could introduce a second operation for the clock numbers: clock multiplication, where 2 times 7 is 2, because 14 o’clock is the same as 2 o’clock. With clock addition and clock multiplication, the clock numbers meet the criteria for what mathematicians call a ring. This is primarily because clock multiplication and clock addition together satisfy a key component that defines a ring: the distributive property, where a(b + c) = ab + ac. Lastly, fields are rings that satisfy even more conditions.

    At the turn of the 20th century, mathematicians David Hilbert and Emmy Noether – who were interested in understanding how the principles in Einstein’s relativity worked mathematically – unified algebra and showed the utility of studying groups, rings and fields.

    It’s all fun and games until you do the math

    Groups, rings and fields are abstract, but they have many useful applications.

    For example, the symmetries of molecular structures are categorized by different point groups. A point group describes ways to move a molecule in space so that even if you move the individual atoms, the end result is indistinguishable from the molecule you started with.

    The water molecule H₂O can be flipped horizontally and the end result is indistinguishable from the original position.
    Courtney Gibbons, CC BY-SA

    But let’s take a different example that uses rings instead of groups. You can set up a pretty complicated set of equations to describe a Sudoku puzzle: You need 81 variables to represent each place you can put a number in the grid, polynomial expressions to encode the rules of the game, and polynomial expressions that take into account the clues already on the board.

    To get the spaces on the game board and the 81 variables to correspond nicely, you can use two subscripts to associate the variable with a specific place on the board, like using x₃₅ to represent the cell in the third row and fifth column.

    The first entry must be one of the numbers 1 through 9, and we represent that relationship with (x₁₁ – 1)(x₁₁ – 2)(x₁₁ – 3) ⋅⋅⋅ (x₁₁ – 9). This expression is equal to zero if and only if you followed the rules of the game. Since every space on the board follows this rule, that’s already 81 equations just to say, “Don’t plug in anything other than 1 through 9.”

    The rule “1 through 9 each appear exactly once in the top row” can be captured with some sneaky pieces of algebraic thinking. The sum of the top row is going to add up to 45, which is to say x₁₁ + x₁₂ + ⋅⋅⋅ + x₁₉ – 45 will be zero, and the product of the top row is going to be the product of 1 through 9, which is to say x₁₁ x₁₂ ⋅⋅⋅ x₁₉ – 9⋅8⋅7⋅6⋅5⋅4⋅3⋅2⋅1 will be zero.

    If you’re thinking that it takes more time to set up all these rules than it does to solve the puzzle, you’re not wrong.

    Turning Sudoku into algebra takes a fair bit of work.
    Courtney Gibbons

    What do we get by doing this complicated translation into algebra? Well, we get to use late-20th century algorithms to figure out what numbers you can plug into the board that satisfy all the rules and all the clues. These algorithms are based on describing the structure of the special ring – called an ideal – these game board clues make within the larger ring. The algorithms will tell you if there’s no solution to the puzzle. If there are multiple solutions, the algorithms will find them all.

    This is a small example where setting up the algebra is harder than just doing the puzzle. But the techniques generalize widely. You can use algebra to tackle problems in artificial intelligence, robotics, cryptography, quantum computing and so much more – all with the same bag of tricks you’d use to solve the Sudoku puzzle or Rubik’s cube.

    Courtney Gibbons is affiliated with the Association for Women in Mathematics and the American Mathematical Society.

    – ref. Algebra is more than alphabet soup – it’s the language of algorithms and relationships – https://theconversation.com/algebra-is-more-than-alphabet-soup-its-the-language-of-algorithms-and-relationships-234541

    MIL OSI – Global Reports –

  • MIL-OSI: North America Drone Market Size Expected Reach $31 Billion By 2034 as Revenue Opportunities Jump

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., May 15, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The Drones-As-A Service market is expected to continue substantial growth in the coming years. The adoption of advanced technologies in drones, such as thermal imaging, gas detection, and loudspeakers, is increasing, particularly in public safety and emergency response. Drones equipped with these technologies are used extensively by fire departments, search and rescue teams, and law enforcement to manage disasters and enhance surveillance​. The primary reasons for the adoption of these technologies include the need for enhanced operational efficiency and safety in executing complex tasks such as infrastructure inspections, disaster management, and agricultural monitoring. The ability of drones to provide high-resolution imagery and real-time data is invaluable in these contexts, enabling better decision-making and resource allocation​. A report from Market.us projected that the North America Drone Market size is expected to be worth around USD 31,062.9 Million By 2034, from USD 11,445.1 Million in 2024, growing at a CAGR of 10.5% during the forecast period from 2025 to 2034.The U.S. Drone market was estimated at USD 10,869.4 Million in 2024 and is expected to grow at a CAGR of 10.4% from 2025 to 2034. The report said: “The primary reasons for the adoption of these technologies include the need for enhanced operational efficiency and safety in executing complex tasks such as infrastructure inspections, disaster management, and agricultural monitoring. The ability of drones to provide high-resolution imagery and real-time data is invaluable in these contexts, enabling better decision-making and resource allocation​.”   Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), Red Cat Holdings, Inc. (NASDAQ: RCAT), AgEagle Aerial Systems Inc. (NYSE: UAVS), Draganfly Inc. (NASDAQ: DPRO), AeroVironment, Inc. (NASDAQ: AVAV).

    The Market.us report continued: “The North America drone market is characterized by a significant presence of small and medium-sized enterprises, with a considerable portion being small drone companies. This market is seeing growth in diversity with the entry of major tech companies like Alphabet and Intel. The integration of cutting-edge technologies by companies such as DJI, which recently introduced a LiDAR system for professional surveying, exemplifies the ongoing innovation within this sector. Several key drivers are propelling the North America drone market. Regulatory developments have played a crucial role, especially with the Federal Aviation Administration (FAA) updating rules to allow more extensive commercial drone operations, including beyond visual line of sight (BVLOS) flights​. Additionally, technological advancements in drone hardware and software are enhancing their capabilities, making them more appealing for commercial applications​.” It concluded: “The US Drone Market is valued at approximately USD 10,869 Million in 2024 and is predicted to increase from USD 11,999 Million in 2025 to approximately USD 29,233.5 Million by 2034, projected at a CAGR of 10.4% from 2025 to 2034. The presence of supportive government policies and Federal Aviation Administration (FAA) regulations has facilitated controlled commercial drone operations, especially in areas such as logistics, agriculture, and infrastructure inspection. Moreover, consistent investment by the U.S. Department of Defense in military drones has further strengthened the market.”

    ZenaTech (NASDAQ:ZENA) Reports Nearly Double Revenue Year-Over-Year for the First Quarter of 2025 – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces financial results for the first quarter 2025.

    First Quarter 2025 Highlights:

    • Total revenues for the first quarter of 2025 were $1.13 million, up 92% compared to $591,379 for the first quarter of 2024 primarily due to acquisitions and organic growth.
    • ZenaTech’s new Drone as a Service or DaaS segment grew from completing two acquisitions of land survey drone servicing companies ─ Oregon-based Weddle Surveying and Florida-based KJM Land Surveying. The Company also signed five LOIs (Letter of Intent) for additional acquisitions during the quarter.
    • The company acquired Othership, a UK workplace management software company supporting its enterprise SaaS software segment, where it plans to leverage workplace AI and quantum computing productivity solutions targeting business and government customers.
    • The company made investments in longer term growth and in new segment development that caused general and administrative expenses to increase to $5.75 million in Q1 2025 versus about $0.7 million in Q1 of 2024. This primarily consisted of sales and marketing activities, new hires, professional services, and finance expenses.
    • ZenaTech made investments in its subsidiary ZenaDrone’s UAE manufacturing capabilities during the quarter, including hiring 35 new engineers and technicians. Also announced was the opening of a drone testing facility in Turkey for beyond-the-line-of-sight drone testing.
    • Drone product highlights in Q1 include finalizing the third-generation design and “production model” of the ZenaDrone 1000 drone that will enable the start of scaling up of production. The company also announced the IQ Square drone has moved from prototype to manufacturing stage.
    • The commence of work on a heavy-lift gas-powered ZD 1000 model for longer fight times for US defense applications took place during the quarter. Testing also commenced on a new high-density drone battery and a proprietary communications system for this drone.
    • The company reported that ZenaDrone is preparing for Green UAS followed by Blue UAS certification required to sell to the US Military. Additionally, it is reviewing and putting in place cybersecurity practices, documentation, and internal controls necessary to apply for this certification.
    • ZenaTech further expanded its Taiwan drone component manufacturer─ Spider Vision Sensors, adding additional engineering and business development staff. It also announced the first Blue UAS-certifiable drone sensors are under development.

    “The first quarter of 2025 was a very strong and encouraging start to the year as revenue nearly doubled, up 92% primarily due to acquisitions and organic growth across both our software and drone segments,” said CEO Shaun Passley, Ph.D. “During the first quarter we launched our Drone as a Service or DaaS business segment with a vision to have a national footprint in the US and globally.”

    “Although expenses increased during the first quarter, these are investments intended to grow the company over the long-term, namely in marketing, manufacturing, product development and testing capacity, which we believe will yield future rewards.

    “We believe that this quarter’s performance demonstrates that our strategy to disrupt legacy businesses like land surveys via a DaaS business model is on track. Our momentum is strong, and we are well positioned to expand our range of drone services with a pipeline of over 20 acquisitions over the next 12 months,” concluded Dr. Passley.   Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    In Additional ZENA News: ZenaTech’s (NASDAQ:ZENA) Expands Drone-as-a-Service (DaaS) Exterior Building Power Washing to Dubai Tapping into a Global Drone Cleaning Services Market Growing to USD 13 Billion by 2030 – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announced it is expanding its United Arab Emirates (UAE) presence by establishing a new office to sell Drone-as-a-Service (DaaS) offerings based in Dubai. Initially this office will focus on delivering drone-powered cleaning services for building exteriors using the IQ Square drone tethered to a water pipe and electrical cord. The company is currently obtaining a permit from the Dubai Civil Aviation Authority to begin power wash testing and operations. Supporting this expansion, ZenaTech will hire two business development managers and up to four additional drone pilots, with drones supplied from its subsidiary ZenaDrone which has a manufacturing hub in nearby Sharjah.

    The global drone power washing market falls under a broader drone cleaning services market category that was valued at approximately USD 4.36 billion in 2023 and is projected to reach USD 13.2 billion by 2030, growing at a compound annual growth rate (CAGR) of almost 17% according to market analyst Valuates Reports , fueled by increasing demand for safe, efficient and cost-effective maintenance solutions.

    “With rising demand for tech-enabled and efficient maintenance solutions, whether for power washing buildings, renewable energy assets, or public spaces, we believe AI-powered drones will bring new safety standards, cost-efficiency, and greater environmental sustainability to maintenance tasks. UAE’s openness to innovative technology makes it an ideal launchpad for these DaaS solutions that we hope to expand to all seven emirates in addition to the US and Europe,” said CEO Shaun Passley, Ph.D.   Continued… Read this full release by visiting: https://www.zenatech.com/newsroom/

    Other recent developments in the drone industry include:

    Red Cat Holdings, Inc. (NASDAQ: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, recently reported its financial results for the first quarter ended March 31, 2025 and provides a corporate update.

    Recent Operational Highlights:

    • Announced the expansion of our multi-domain Family of Systems with a new line of Unmanned Surface Vessels (USVs). This strategic move marks Red Cat’s official entry into the rapidly evolving maritime autonomy market and reinforces its position as a provider of comprehensive, interoperable unmanned systems for air, land, and sea operations.
    • Expanded our Red Cat Futures Industry Consortium to include Palantir and Palladyne to boost AI capabilities in contested environments, including visual navigation.
    • Introducing Black Widow™ and Edge 130 drones to the Latin American market at LAAD 2025 in Rio De Janeiro, Brazil in April 2025.
    • Introduced our Black Widow™ short-range reconnaissance drone and Edge 130 Tricopter to the Middle East market at the International Defense Exhibition and Conference in Abu Dhabi, UAE, Feb 17-21, 2025.
    • Introduced Black Widow™ to the Asia Pacific Market at the AISSE conference in Putrajaya, Malaysia in January 2025.
    • Announced that the Black Widow drone and FlightWave Edge 130 were included on the list of 23 platforms and 14 unique components and capabilities selected as winners of the Blue UAS Refresh. The platforms will undergo National Defense Authorization Act (NDAA) verification and cyber security review with the ultimate goal of joining the Blue UAS List.
    • Partnered with Palantir to deploy Warp Speed, Palantir’s manufacturing OS. This collaboration will transform our supply and manufacturing operations with Palantir’s AI enabled monitoring, process flow enhancement and comprehensive data analysis. Palantir’s Warp Speed will optimize Red Cat’s production and streamline its supply chain, change management, and quality assurance, ultimately reducing costs and improving margins.

    AgEagle Aerial Systems Inc. (NYSE: UAVS), a leading provider of advanced drone and aerial imaging solutions, recently announced the sale of 20 high-performance RedEdge-P cameras to Wingtra, a global leader in vertical take-off and landing (VTOL) drone surveying technology.

    This transaction strengthens the partnership between AgEagle and Wingtra, combining AgEagle’s advanced camera technology with Wingtra’s innovative drone platforms to deliver unparalleled aerial mapping and surveying solutions. The cameras are designed for precision agriculture and environmental monitoring, water management, and geospatial applications, and support Wingtra’s ability to provide high-quality data collection for its customers worldwide.

    Draganfly Inc. (NASDAQ: DPRO), an award-winning, industry-leading drone solutions and systems developer, recently announced its first quarter financial results. Key Financial and Operational Highlights for Q1 2025:

    • Revenue for the first quarter of 2025 was $1,547,715 which represents a 16% year over year increase. Product sales of $1,541,811 were up 24.5% over the same period last year.  
    • Gross profit for Q1 2025 was $310,088 up 10.7% from $280,011 for the same period last year. Gross margin percentage for Q1 2025 was 20.0% compared to 21.1% in Q1 2024. Gross profit would have been $271,422 and gross margin would have been 17.5%, not including a one-time non-cash recovery of a write down of inventory of $38,666. The decrease is due to the sales mix of the products sold.  
    • The comprehensive loss for the period of $3,433,712 includes non-cash changes comprised of a positive change in fair value derivative of $157,830, a recovery of a write down of inventory of $38,666, and an impairment gain on notes receivable of $25,951 and would otherwise be a comprehensive loss of $3,656,159 vs an adjusted comprehensive loss of $3,559,976 for the same period last year. Contributors to the slight year-over-year increase are increased research and development, office and miscellaneous, professional fees, share based payments, and wages offset by change in derivative liability.

    AeroVironment, Inc. (NASDAQ: AVAV) recently announced a new contract with the Dutch Ministry of Defence (MoD) to modernize the Netherlands’ Puma™ UAS fleet with expanded capabilities for enhanced situational awareness and operational effectiveness.

    Under the contract, the Dutch MoD is modernizing its Puma 3 AE UAS fleet with advanced capabilities that empower forces to carry out mission-critical operations autonomously and securely—even in GPS-denied and contested environments. Upgrades will boost survivability, strengthen communications and add the option for vertical take-off and landing (VTOL) to maximize operational agility. Deliveries are underway, with the upgraded systems set for rapid deployment at the squad and platoon levels.

    Additionally, the Netherlands is expanding its UAS portfolio with the acquisition of Puma LE, which delivers extended endurance and range. Both Puma 3 AE and Puma LE provide scalable ISR capabilities for tactical formations and civilian missions.

    About FN Media Group:

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    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty one hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: Beeline Appoints Veteran Public Company Executive Frank Knuettel II to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    Providence, RI, May 15, 2025 (GLOBE NEWSWIRE) — Beeline Holdings, Inc. (NASDAQ: BLNE), a next-generation digital mortgage lender focused on transforming real estate investment financing, today announced the appointment of Frank Knuettel II to its Board of Directors, effective immediately.

    Mr. Knuettel brings more than two decades of executive leadership experience across dynamic, early-stage public companies in the technology and life sciences sectors. He currently serves as Chief Executive Officer of Channel Therapeutics Corporation since 2023, having started as CFO in 2022. Known for his operational discipline and M&A acumen, Mr. Knuettel has helped companies scale aggressively, including spearheading a revenue expansion at Unrivaled Brands from $10 million to $100 million annualized in just six quarters through strategic acquisitions.

    “Frank’s addition to the board marks a pivotal moment in Beeline’s growth story,” said Nick Liuzza, CEO of Beeline. “His deep capital markets knowledge, proven ability to lead and scale businesses, and transactional experience across more than 15 M&A deals will be invaluable as we expand our footprint and product offerings in the investment lending market.”

    Throughout his career, Mr. Knuettel has raised over $400 million in public and private capital and has held leadership roles at multiple high-growth companies, including CFO of IP Commerce, a fintech platform provider, and Chief Strategy Officer at MJardin Group. He currently serves on the board of Etheros Pharmaceuticals Corp. and has held board seats at both public and private companies.

    Mr. Knuettel holds a BA with honors in Economics from Tufts University and earned his MBA in Finance and Entrepreneurial Management from The Wharton School at the University of Pennsylvania.

    “I’m excited to join the Beeline board at such a dynamic time,” said Mr. Knuettel. “The company’s technology-driven approach to simplifying investment property financing has significant potential, and I look forward to supporting the team as they execute on their ambitious vision.”

    About Beeline Beeline Financial Holdings, Inc. is a trailblazing mortgage fintech transforming the way people access property financing. Through its fully digital, AI-powered platform, Beeline delivers a faster, smarter path to home loans—whether for primary residences or investment properties. Headquartered in Providence, Rhode Island, Beeline is reshaping mortgage origination with speed, simplicity, and transparency at its core. The company is a wholly owned subsidiary of Beeline Holdings and also operates Beeline Labs, its innovation arm focused on next-generation lending solutions.

    Contact: 
    ir@makeabeeline.com 

    The MIL Network –

  • MIL-OSI: Lion Copper and Gold Corp. to Present at the Precious Metals & Critical Minerals Hybrid Investor Conference on May 22nd

    Source: GlobeNewswire (MIL-OSI)

    YERINGTON, Nev., May 15, 2025 (GLOBE NEWSWIRE) — Lion Copper and Gold Corp. (OTCQB:LCGMF / CSE:LEO), based in Yerington, Nevada focused on its Yerington Copper Project, today announced that John Banning, Chief Executive Officer, will present live at the Precious Metals & Critical Minerals Hybrid Investor Conference, hosted by VirtualInvestorConferences.com, on May 22nd, 2025.

    DATE: May 22nd, 2025
    TIME: 2:00 PM ET
    LINK: REGISTER HERE

    This will be a live, interactive in-person and online event where investors are invited to ask the company questions in real-time. If you would like to attend in-person, please email johnv@otcmarkets.com for an attendee pass. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.

    Learn more about the event at www.virtualinvestorconferences.com.

    Recent Company Highlights

    • Lion Copper & Gold Regains Critical Water Rights for Yerington Copper Project
    • Lion Copper & Gold Provides PFS Update
    • Lion Copper & Gold Receives US$5 Million Additional Nuton Funding
    • Lion Copper & Gold Announces Drill Results at Yerington Copper Project
    • Lion Copper & Gold Announces Yerington Bear Deposit Diamond Drill Results

    About Lion Copper and Gold Corp.

    Lion Copper and Gold Corp. is advancing its flagship copper project in Yerington, Nevada through an Option to Earn-in Agreement with Nuton LLC, a Rio Tinto Venture.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access.  Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:

    Lion Copper and Gold Corp.
    John Banning
    Chief Executive Officer
    775 463 9600
    jbanning@lioncg.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI USA: Garamendi and Indivisible Rally on May Day in Fairfield to Oppose Trump Agenda

    Source: United States House of Representatives – Congressman John Garamendi – Representing California’s 3rd Congressional District

    FAIRFIELD, CA – Today, U.S. Representative John Garamendi (D-CA-08) welcomed Indivisible’s May Day Hands-Off rally at his Fairfield district office to stand in solidarity with constituents opposing President Trump’s dangerous agenda. Congressman Garamendi issued the following statement:

    “I said from the beginning of Donald Trump’s presidency that we need to take to the streets and resist every action from his Administration. Today, we did just that.

    “I am proud to stand with my constituents who have decided to make their voices heard against Trump’s dangerous and unconstitutional actions. I thank Indivisible for working collaboratively with me and my staff to make this Hands-Off demonstration to protest Trump a reality. We have been in close contact with the organizers, we opened our offices to them, welcomed them with refreshments and I was able to fly back to California following votes to join in their efforts.

    “I have been working every day in Congress to push back against the Trump agenda. This week, I introduced several amendments and voted NO on Trump’s reckless and cruel budget reconciliation bill that pays for tax cuts for billionaires by cutting from critical services like Medicaid, Social Security, and school lunch programs.

    “Indivisible and the rallygoers are doing exactly what we all need to do – stand up and make our voices heard. I thank them for their efforts and will continue to support and encourage citizens standing up to the Trump-Musk cuts.”

    Representative Garamendi continues to fight in Congress to protect vital programs and oppose efforts that undermine constitutional principles and the well-being of working families

    ### 

    MIL OSI USA News –

  • MIL-OSI: Intchains Group Limited to Participate in the “Virtual Digital Assets Seminar” Presented by Benchmark Company on Tuesday, May 20th at 9:45 a.m. EDT

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, May 15, 2025 (GLOBE NEWSWIRE) — Intchains Group Limited (Nasdaq: ICG) (“we,” or the “Company”), a company that engages in the provision of altcoin mining products, the strategic acquisition and holding of Ethereum-based cryptocurrencies, and the active development of innovative Web3 applications, today announced it will be attending The Benchmark Company’s first iteration of their Virtual Digital Assets Seminar on Tuesday, May 20th EDT. 

    The event features virtual Fireside Chats with dynamic public and private Digital Assets companies, moderated by Mark Palmer, Benchmark’s Fintech & Digital Assets Senior Analyst. These interactive conversations offer a platform for companies to share their growth strategies, market insights, and leadership perspectives in a format that encourages thoughtful dialogue and deeper investor engagement. The sessions are designed to spark long-term interest from Benchmark’s network of institutional investors.

    To register, please submit your request through the provided registration link: https://www.benchmarkcompany.com/digital-assets-virtual-seminar/

    About Intchains Group Limited

    Intchains Group Limited is a company that engages in the provision of altcoin mining products, the strategic acquisition and holding of Ethereum-based cryptocurrencies, and the active development of innovative Web3 applications. For more information, please visit the Company’s website at: https://intchains.com/.

    About The Benchmark Company

    The Benchmark Company is an institutionally focused, research driven, sales trading and investment banking firm. We were founded in 1988 and are headquartered in New York City. Our focus is on fostering the long-term success of our corporate clients through raising capital, providing strategic advisory services, generating insightful research, and developing institutional sponsorship by leveraging the firm’s sales, trading, and equity research capabilities. https://www.benchmarkcompany.com.

    Contacts:

    Intchains Group Limited

    Investor relations
    Email: ir@intchains.com

    The MIL Network –

  • MIL-OSI: Bitcoin Solaris Launches Enterprise-Grade Security Framework Ahead of Nova App Release

    Source: GlobeNewswire (MIL-OSI)

    TALLINN, Estonia, May 15, 2025 (GLOBE NEWSWIRE) — Bitcoin Solaris has officially rolled out its enterprise-grade security framework, establishing the technical foundation for the upcoming Nova App launch and broader public participation in its blockchain ecosystem. Designed for scale, speed, and verifiability, this framework represents a critical step in the project’s roadmap toward secure global adoption.

    Dual-Layer Architecture for Proven Resilience

    At the heart of Bitcoin Solaris is a dual-layer blockchain system tailored to meet the evolving demands of decentralized infrastructure. The architecture divides responsibilities between two dedicated layers to optimize both security and performance:

    • The Base Layer secures the ledger through a hybrid consensus mechanism that combines Proof-of-Stake (PoS)with Proof-of-Capacity (PoC). This structure promotes decentralization while reducing energy consumption and preserving data integrity.
    • The Solaris Layer supports smart contract execution and high-throughput transaction processing using Proof-of-History (PoH) and Proof-of-Time (PoT). This allows the network to achieve sub-2-second finality and scale to over 10,000 transactions per second, accommodating real-time applications across DeFi, gaming, and identity solutions.

    This layered approach is designed to operate at the protocol level—not as an external scalability patch—delivering consistent, auditable performance under load.

    Independent Security Audits and Full KYC Verification

    Bitcoin Solaris has taken proactive steps to validate its security claims with independent third-party audits and verified project governance. Key milestones include:

    • Cyberscope Audit evaluated the entire smart contract stack for logical flaws, vulnerabilities, and attack vectors.
    • Freshcoins Audit examined token logic, emissions, and compliance with common Solidity standards.
    • KYC Verification confirmed the identity of the core team—an increasingly rare and important factor for trust.

    These audits were conducted as part of the network’s build phase, ensuring security measures are embedded in the protocol itself rather than applied reactively post-launch.

    Security at the Edge: Mobile Mining via Nova App

    In parallel with its enterprise-grade backend, Bitcoin Solaris is finalizing the launch of the Nova App, a smartphone-based mining application. Designed for accessibility, the app enables users to allocate unused device resources—such as idle CPU and storage—to participate in token mining.

    The system runs in the background with no need for staking, validator setup, or private key handling. All mining logic and reward calculations are processed through the same audited smart contracts that govern the Solaris Layer, providing a secure and transparent user experience from end to end.

    Fixed Supply and Predictable Emissions

    Bitcoin Solaris maintains a fixed supply of 21 million BTC-S tokens, following a halving-based emission model similar to traditional sound money systems. There is no inflation, and token creation is governed entirely by protocol logic.

    The project is currently in Presale Phase 3, with BTC-S priced at 3 USDT. Only 4.2 million tokens (20%) are allocated for this phase, and the price will rise to 4 USDT in Phase 4. This structured release supports long-term stability while rewarding early network participants.

    In a detailed video walkthrough, Crypto Chino explores how Bitcoin Solaris’s security framework stacks up against projects like Dogecoin, which have cultural appeal but minimal infrastructure oversight. The video highlights the architectural design, Nova App integration, and why formal audits are more than just paperwork — they’re essential to building user trust.

    Built for Trust, Designed for Growth

    Bitcoin Solaris is building a blockchain ecosystem that aligns with the demands of real-world use—security, speed, transparency, and accessibility. From its dual-consensus architecture to its audited smart contract layer and mobile-first mining app, the project aims to deliver infrastructure that is both future-ready and user-friendly.

    With the Nova App set to roll out in the coming weeks and public participation expanding rapidly, Bitcoin Solaris is establishing itself as a secure, scalable platform for the next generation of blockchain users.

    Website: https://bitcoinsolaris.com
    X (Twitter): https://x.com/BitcoinSolaris
    Telegram: https://t.me/Bitcoinsolaris

    Media Contact:
    Xander Levine
    info@bitcoinsolaris.com

    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.
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    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9c5eba49-6baa-48dd-8328-4b81ad6cefe6

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2442c88f-ef34-4855-8bcb-94b1e509528b

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    https://www.globenewswire.com/NewsRoom/AttachmentNg/10cdb880-35fe-4b90-9347-0d53efe70dfb

    The MIL Network –

  • MIL-OSI: Cerence to Participate in Two Upcoming Investor Conferences

    Source: GlobeNewswire (MIL-OSI)

    BURLINGTON, Mass., May 15, 2025 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced that the company will participate in two upcoming investor conferences.

    On Thursday, May 29, 2025, at 10:50 a.m. ET, Tony Rodriquez, the Company’s CFO, will participate in a fireside chat at the TD Cowen 53rd Annual Technology, Media and Telecom Conference.

    On Tuesday, June 10, 2025, at 12:30 p.m. ET, Mr. Rodriquez will participate in a fireside chat at the Evercore ISI Global Automotive OEM, Dealer & Supplier Conference.

    Live webcasts of the events will be available on the Company’s website at www.cerence.ai under the “Investors” section. Replays of the webcasts will be available for 90 days after the events.

    To learn more about Cerence AI, visit www.cerence.ai, and follow the company on LinkedIn.

    About Cerence Inc.
    Cerence Inc. (NASDAQ: CRNC) is a global industry leader in creating intuitive, seamless, AI-powered experiences across automotive and transportation. Leveraging decades of innovation and expertise in voice, generative AI, and large language models, Cerence powers integrated experiences that create safer, more connected, and more enjoyable journeys for drivers and passengers alike. With more than 500 million cars shipped with Cerence technology, the company partners with leading automakers, transportation OEMs, and technology companies to advance the next generation of user experiences. Cerence is headquartered in Burlington, Massachusetts, with operations globally and a worldwide team dedicated to pushing the boundaries of AI innovation. For more information, visit www.cerence.ai.

    The MIL Network –

  • MIL-OSI: Bitcoin Depot Reports First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    Q1 Revenue up 19% Year-Over-Year to $164.2 Million

    Q1 Net Income up Significantly to $12.2 Million Compared to a Net Loss of $4.2 Million in the Prior Year Quarter

    Q1 Adjusted Gross Profit up 92% Year-Over-Year to $33.1 Million

    Q1 Adjusted EBITDA up 315% Year-Over-Year to $20.3 Million

    Q1 Cash from Operations of $16.3 Million

    ATLANTA, May 15, 2025 (GLOBE NEWSWIRE) — Bitcoin Depot Inc. (Nasdaq: BTM) (“Bitcoin Depot” or the “Company”), a U.S.-based Bitcoin ATM operator and leading fintech company, today reported financial results for the first quarter ended March 31, 2025. Bitcoin Depot will host a conference call and webcast at 10:00 a.m. ET today. An earnings presentation and link to the webcast will be made available at ir.bitcoindepot.com.

    “Bitcoin Depot delivered a remarkable first quarter, with 19% year-over-year revenue growth and a more than threefold increase in Adjusted EBITDA to $20 million,” said Brandon Mintz, Founder and CEO of Bitcoin Depot. “This performance demonstrates the strength of our operating model, the success of our kiosk optimization strategy, and the powerful cash flow we can generate once fixed costs are covered. In fact, with the cash generated in Q1, we strengthened our balance sheet by increasing our bitcoin holdings and building our cash balance, positioning us for continued growth and flexibility. Looking ahead, we remain focused on scaling responsibly, both domestically and internationally, while delivering sustained value to both our customers and shareholders.”

    First Quarter 2025 Financial Results

    Revenue in the first quarter of 2025 increased 19% to $164.2 million compared to $138.5 million in the first quarter of 2024. This increase was driven by increased kiosk deployment and higher median transaction size. 

    Total operating expenses declined 7% to $15.3 million for the first quarter of 2025 compared to $16.6 million for the first quarter of 2024 due to lower depreciation expense and insurance costs as the Company continues to optimize its cost structure as a steady-state public company.

    Net income for the first quarter of 2025 increased significantly to $12.2 million, compared to a net loss of $4.2 million for the first quarter of 2024. Net income attributable to common shareholders increased to $4.2 million, or $0.20 per share, from a net loss of $1.5 million, or ($0.25) per share, in last year’s first quarter. The increase was due to higher revenue and gross profit in 2025.

    Adjusted gross profit, a non-GAAP measure, in the first quarter of 2025 increased 92% to $33.1 million from $17.3 million for the first quarter of 2024. Adjusted gross profit margin, a non-GAAP measure, in the first quarter of 2025 increased approximately 770 basis points to 20.2% compared to 12.5% in the first quarter of 2024. Please see “Explanation and Reconciliation of Non-GAAP Financial Measures” below.

    Adjusted EBITDA, a non-GAAP measure, in the first quarter of 2025 increased 315% to $20.3 million compared to $4.9 million for the first quarter of 2024. The increase was primarily due to the higher revenue and gross profit. Please see “Explanation and Reconciliation of Non-GAAP Financial Measures” below.

    Cash, cash equivalents, and cryptocurrencies as of March 31, 2025, were $43.3 million compared to $31.0 million at the end of 2024. The company used $7.8 million in the first quarter of 2025 to acquire 83 more Bitcoin, bringing the total held for investment to 94.35 BTC.

    Net cash flows provided by operations in the first quarter of 2025 were up significantly to $16.3 million compared to $1.3 million in the first quarter of 2024.

    Outlook

    The Company expects revenue in the second quarter of 2025 to grow low-to-mid-single digits on a percentage basis from the second quarter of 2024.

    Conference Call

    Bitcoin Depot will hold a conference call at 10:00 a.m. Eastern time (7:00 a.m. Pacific time) today to discuss its financial results for the first quarter ended March 31, 2025.

    Call Date: Thursday, May 15, 2025 
    Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time) 

    Phone Instructions
    U.S. and Canada (toll-free): 888-596-4144
    U.S. (toll): 646-968-2525
    Conference ID: 4520708

    Webcast Instructions
    Webcast link: https://edge.media-server.com/mmc/p/akdxpm7o

    A replay of the call will be available beginning after 2:00 p.m. Eastern time through May 22, 2025.

    U.S. & Canada (toll-free) replay number: 800-770-2030
    U.S. toll number: 609-800-9909
    Conference ID: 4520708

    If you have any difficulty connecting with the conference call, please contact Bitcoin Depot’s investor relations team at 1-949-574-3860.

    About Bitcoin Depot

    Bitcoin Depot Inc. (Nasdaq: BTM) was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to bitcoin at Bitcoin Depot kiosks in 48 states and at thousands of name-brand retail locations in 29 states through its BDCheckout product. The Company has the largest market share in North America with over 8,400 kiosk locations as of February 25, 2025.  Learn more at www.bitcoindepot.com. 

    Cautionary Statement Regarding Forward-Looking Statements

    This press release and any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. Forward-looking statements are any statements other than statements of historical fact, and include, but are not limited to, statements regarding the expectations of plans, business strategies, objectives and growth and anticipated financial and operational performance, including our growth strategy and ability to increase deployment of our products and services, our ability to strengthen our financial profile, and worldwide growth in the adoption and use of cryptocurrencies. These forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events. Forward-looking statements are often identified by words such as “anticipate,” “appears,” “approximately,” “believe,” “continue,” “could,” “designed,” “effect,” “estimate,” “evaluate,” “expect,” “forecast,” “goal,” “initiative,” “intend,” “may,” “objective,” “outlook,“ ”plan,“ ”potential,“ ”priorities,“ ”project,“ ”pursue,“ ”seek,“ ”should,“ ”target,“ ”when,“ ”will,“ ”would,” or the negative of any of those words or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond our control.

    These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the business combination; risks relating to the uncertainty of our projected financial information; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; our ability to manage future growth; our ability to develop new products and services, bring them to market in a timely manner and make enhancements to our platform; the effects of competition on our future business; our ability to issue equity or equity-linked securities; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; and those factors described or referenced in filings with the Securities and Exchange Commission. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that we do not presently know or that we currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect our expectations, plans or forecasts of future events and views as of the date of this press release. We anticipate that subsequent events and developments will cause our assessments to change.

    We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.

       
    BITCOIN DEPOT INC.
    CONSOLIDATED STATEMENTS OF (LOSS) INCOME
    (in thousands, except share and per share amounts)
    (UNAUDITED)    		  
       
      Three Months Ended March 31,  
      2025     2024  
    Revenue $ 164,226     $ 138,539  
    Cost of revenue (excluding depreciation and amortization)   131,091       121,287  
    Operating expenses:          
    Selling, general, and administrative   13,440       13,606  
    Depreciation and amortization   1,897       2,947  
    Total operating expenses   15,337       16,553  
    Income from operations   17,798       699  
    Other (expense) income:          
    Interest (expense)   (3,068 )     (4,944 )
    Other income (expense)   (1,090 )     6  
    Gain (loss) on foreign currency transactions   (13 )     (127 )
    Income (Loss) before provision for income taxes and non-controlling interest   13,627       (4,366 )
    Income tax (expense) benefit   (1,452 )     138  
    Net income (loss) $ 12,175     $ (4,228 )
    Net income (loss) attributable to non-controlling interest   7,983       (2,690 )
    Net income (loss) attributable to common stockholders $ 4,192     $ (1,538 )
               
    Net income per share of common stock – basic and diluted $ 0.20     $ (0.25 )
               
    Weighted average number of common shares outstanding – basic and diluted   21,359,864       16,616,864  
       
    BITCOIN DEPOT INC.
    CONSOLIDATED BALANCE SHEETS
    (in thousands, except share and per share amounts)    		  
       
                 
        March 31, 2025
    (unaudited)    		     December 31,
    2024    		  
    Assets            
    Current:            
    Cash and cash equivalents   $ 34,962     $ 29,472  
    Cryptocurrencies     8,384       1,510  
    Accounts receivable     147       275  
    Prepaid expenses and other current assets     2,111       3,076  
    Total current assets     45,604       34,333  
    Property and equipment:            
    Furniture and fixtures     635       635  
    Leasehold improvements     172       172  
    Kiosk machines – owned     37,854       36,831  
    Kiosk machines – leased     8,954       10,367  
    Total property and equipment     47,615       48,005  
    Less: accumulated depreciation     (21,916 )     (21,158 )
    Total property and equipment, net     25,699       26,847  
    Intangible assets, net     1,946       2,320  
    Goodwill     8,717       8,717  
    Operating lease right-of-use assets, net     2,336       2,595  
    Deposits     859       734  
    Deferred tax assets     4,558       4,558  
    Total assets   $ 89,719     $ 80,104  
       
    BITCOIN DEPOT INC.
    CONSOLIDATED BALANCE SHEETS
    (in thousands, except share and per share amounts)    		  
       
           
        March 31, 2025
    (unaudited)    		     December 31, 2024  
    Liabilities and Stockholders’ (Deficit) Equity            
    Current:            
    Accounts payable   $ 9,200     $ 11,557  
    Accrued expenses and other current liabilities     14,060       14,260  
    Notes payable, current portion     8,535       6,022  
    Income taxes payable     3,328       2,207  
    Deferred revenue     301       20  
    Operating lease liabilities, current portion     818       858  
    Current installments of obligations under finance leases     3,431       3,446  
    Other non-income tax payable     2,259       2,259  
    Total current liabilities     41,932       40,629  
    Long-term liabilities            
    Notes payable, non-current     46,946       49,457  
    Operating lease liabilities, non-current     1,534       1,774  
    Obligations under finance leases, non-current     1,119       1,950  
    Deferred income tax, net     604       604  
    Tax receivable agreement liability due to related party, non-current     2,176       2,176  
    Total Liabilities     94,311       96,590  
    Commitments and Contingencies (Note 19)            
    Stockholders’ (Deficit) Equity            
    Series A Preferred Stock, $0.0001 par value; 50,000,000 authorized, 0 and 1,733,884 shares issued and outstanding, at March 31, 2025 and December 31, 2024, respectively     —       —  
    Class A common stock, $0.0001 par value; 800,000,000 authorized, 22,746,330 and 19,263,164 shares issued, and 22,555,710 and 19,072,544 shares outstanding at March 31, 2025 and December 31, 2024, respectively     2       1  
    Class E common stock, $0.0001 par value; 2,250,000 authorized, 0 and 1,075,761 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively     —       —  
    Class V common stock, $0.0001 par value; 300,000,000 authorized, 41,193,024 shares issued and outstanding at March 31, 2025 and December 31, 2024     4       4  
    Treasury stock     (437 )     (437 )
    Additional paid-in capital     22,829       21,491  
    Accumulated deficit     (39,304 )     (44,349 )
    Accumulated other comprehensive loss     (256 )     (342 )
    Total Stockholders’ (Deficit) Attributable to Bitcoin Depot Inc.     (17,162 )     (23,632 )
    Equity attributable to non-controlling interests     12,570       7,146  
    Total Stockholders’ (Deficit) Equity     (4,592 )     (16,486 )
    Total Liabilities and Stockholders’ (Deficit) Equity   $ 89,719     $ 80,104  
       
    BITCOIN DEPOT INC.
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (in thousands, except share and per share amounts)
     (UNAUDITED)    		  
       
        Three Months Ended March 31,  
        2025     2024  
    Cash flows from Operating Activities:            
    Net income (loss)   $ 12,175     $ (4,228 )
    Adjustments to reconcile net income (loss) to net cash provided by operating activities:            
    Amortization of deferred financing costs     204       544  
    Depreciation and amortization     1,897       2,947  
    Non-cash share-based compensation     368       897  
    Purchase of services in cryptocurrencies     268       347  
    Unrealized loss on cryptocurrencies     1,650       —  
    Deferred taxes     —       5  
    Write-off of deferred financing costs     —       3,136  
    Loss on disposal of property and equipment     9       26  
    Reduction in carrying amount of right-of-use assets     215       49  
    Cryptocurrency received as payment     (290 )     (485 )
    Other            
    Change in operating assets and liabilities:            
    Deposits     (124 )     (165 )
    Accounts receivable     128       (104 )
    Cryptocurrencies     173       409  
    Prepaid expenses and other current assets     965       (364 )
    Accounts payable     (2,357 )     2,241  
    Accrued expenses and other current liabilities     (198 )     (4,524 )
    Income taxes payable     1,121       61  
    Other non-income tax payable     —       2  
    Deferred revenue     281       615  
    Operating leases, net     (235 )     (62 )
    Net Cash Flows Provided by Operations     16,250       1,347  
    Cash flows from Investing Activities:            
    Acquisition of property and equipment     (385 )     (558 )
    Acquisition of Bitcoin for investment     (7,824 )     —  
    Net Cash Flows Used In Investing Activities     (8,209 )     (558 )
    Cash flows from Financing Activities:            
    Proceeds from issuance of notes payable     6,376       15,191  
    Principal payments on notes payable     (6,415 )     (639 )
    Principal payments on finance lease     (846 )     (1,896 )
    Payment of deferred financing costs     (163 )     (19 )
    Proceeds from issuance of common stock, net     978       —  
    Purchase of treasury stock     —       (158 )
    Distributions     (2,477 )     (916 )
    Net Cash Flows (Used In) Provided by Financing Activities     (2,547 )     11,563  
    Effect of exchange rate changed on cash and cash equivalents     (4 )     40  
    Net change in cash and cash equivalents     5,490       12,392  
    Cash and cash equivalents – beginning of period     29,472       29,759  
    Cash and cash equivalents – end of period   $ 34,962     $ 42,151  


    Explanation and Reconciliation of Non-GAAP Financial Measures

    Bitcoin Depot reports its financial results in accordance with accounting principles generally accepted in the United States of America (“GAAP”). This press release includes both historical and projected Adjusted EBITDA, Adjusted Gross Profit, and certain ratios and other metrics derived therefrom such as Adjusted EBITDA margin and Adjusted Gross Profit margin, which are not prepared in accordance with GAAP.

    Bitcoin Depot defines Adjusted EBITDA as net income before interest expense, income tax expense, depreciation and amortization, non-recurring expenses, share-based compensation, expenses related to the PIPE financing and miscellaneous cost adjustments. Such items are excluded from Adjusted EBITDA because these items are non-cash in nature, or because the amount and timing of these items is unpredictable, not driven by core results of operations and renders comparisons with prior periods and competitors less meaningful. In addition, Bitcoin Depot defines Adjusted Gross Profit (a non-GAAP financial measure) as revenue less cost of revenue (excluding depreciation and amortization) and depreciation and amortization adjusted to add back depreciation and amortization. Bitcoin Depot believes Adjusted EBITDA and Adjusted Gross Profit each provide useful information to investors and others in understanding and evaluating Bitcoin Depot’s results of operations, as well as provide a useful measure for period-to-period comparisons of Bitcoin Depot’s business performance. Adjusted EBITDA and Adjusted Gross Profit are each key measurements used internally by management to make operating decisions, including those related to operating expenses, evaluate performance and perform strategic and financial planning. However, you should be aware that Adjusted EBITDA and Adjusted Gross Profit are not measures of financial performance calculated in accordance with GAAP and may exclude items that are significant in understanding and assessing Bitcoin Depot’s financial results, and further, that Bitcoin Depot may incur future expenses similar to those excluded when calculating these measures. Bitcoin Depot primarily relies on GAAP results and uses both Adjusted EBITDA and Adjusted Gross Profit on a supplemental basis. Neither Adjusted EBITDA or Adjusted Gross Profit should be considered in isolation from, or as an alternative to, net income, cash flows from operations or other measures of profitability, liquidity or performance under GAAP and may not be indicative of Bitcoin Depot’s historical or future operating results. Bitcoin Depot’s computation of both Adjusted EBITDA and Adjusted Gross Profit may not be comparable to other similarly titled measures computed by other companies because not all companies calculate such measures in the same fashion. As such, undue reliance should not be placed on such measures.

    Due to the high variability and difficulty in making accurate forecasts and projections of some of the information excluded from the projections of Adjusted EBITDA, together with some of the excluded information not being ascertainable or accessible, Bitcoin Depot is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measures without unreasonable effort. Consequently, no disclosure of estimated comparable GAAP measures is included and no reconciliation of the forward-looking non-GAAP financial measures is included.

    The following table presents a reconciliation of Net (loss) income to Adjusted EBITDA for the periods indicated: 

    BITCOIN DEPOT INC.
    RECONCILIATION OF NET (LOSS) INCOME TO ADJUSTED EBITDA
    (UNAUDITED)    		  
       
        Three Months Ended March 31,  
    (in thousands)   2025     2024  
    Net (loss) income   $ 12,175     $ (4,228 )
    Adjustments:            
    Interest expense     3,068       4,944  
    Income tax expense (benefit)     1,452       (138 )
    Depreciation and amortization     1,897       2,947  
    Unrealized loss on cryptocurrency held for investment     1,094       —  
    Non-recurring expenses (1)     239       463  
    Share-based compensation     368       897  
    Adjusted EBITDA   $ 20,293     $ 4,885  
    Adjusted EBITDA margin (2)     12.4 %     3.5 %

    (1)    Comprised of non-recurring professional service fees.
    (2)    Adjusted EBITDA margin is defined as Adjusted EBITDA divided by revenue. The Company uses this measure to evaluate its overall profitability.

    The following table presents a reconciliation of revenue to Adjusted Gross Profit for the periods indicated:

    BITCOIN DEPOT INC.
    RECONCILIATION OF REVENUE TO ADJUSTED GROSS PROFIT
    (UNAUDITED)    		  
       
      Three Months Ended March 31,  
    (in thousands) 2025     2024  
    Revenue $ 164,226     $ 138,539  
    Cost of revenue (excluding depreciation and amortization) $ (131,091 )     (121,287 )
    Depreciation and amortization excluded from cost of revenue   (1,891 )     (2,881 )
    Gross Profit $ 31,244     $ 14,371  
    Adjustments:          
    Depreciation and amortization excluded from cost of revenue $ 1,891     $ 2,881  
    Adjusted Gross Profit $ 33,135     $ 17,252  
    Gross Profit Margin (1)   19.0 %     10.4 %
    Adjusted Gross Profit Margin (1)   20.2 %     12.5 %

     (1) Calculated as a percentage of revenue.

    Contacts:

    Investors 
    Cody Slach,
    Gateway Group, Inc. 
    949-574-3860 
    BTM@gateway-grp.com

    Media 
    Brenlyn Motlagh, Ryan Deloney 
    Gateway Group, Inc.
    949-574-3860 
    BTM@gateway-grp.com

    The MIL Network –

  • MIL-OSI: Moore & Giles Elevates Customer Experience and Brand Agility with BigCommerce

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, May 15, 2025 (GLOBE NEWSWIRE) — BigCommerce (Nasdaq: BIGC), an open SaaS, composable ecommerce platform for fast-growing and established B2C and B2B brands and retailers, today announced that Moore & Giles, a leading global leather supplier through Moore & Giles Leather and a purveyor of refined leather bags, accessories, home goods and furniture via Moore & Giles, has launched new websites on the BigCommerce platform. The innovative new online storefronts elevate Moore & Giles’ digital presence with a scalable, high-performance platform that reflects the brand’s dedication to quality, craftsmanship and customer experience.

    Built on BigCommerce’s flexible Stencil framework and in partnership with Zaelab, a leading digital commerce consultancy, the new DTC and B2B storefronts deliver the freedom and control Moore & Giles needed to execute bold marketing and merchandising strategies. The result is a refined, high-performance experience that enhances the company’s ability to manage and scale its digital presence, while staying true to its values of craftsmanship, sustainability, and innovation.

    “BigCommerce and Zaelab helped us build a modern, flexible foundation that not only works better for our team, but also elevates the shopping experience for our customers—whether they’re ordering leather samples or shopping for a weekend bag,” said Janine Coleman, ecommerce manager at Moore & Giles. “With a scalable, easy-to-manage solution, our team can execute marketing and merchandising strategies more effectively than ever before.”

    “Moore & Giles turned to Zaelab to bring their legacy of craftsmanship to life through a digital experience that’s as refined, adaptable, and forward-thinking as their brand,” said Joey Hoer, business systems analyst at Zaelab. “The Moore & Giles theme is a testament to what’s possible on BigCommerce and proof that BigCommerce can power visually rich, brand-authentic experiences without compromising flexibility or maintainability. By replatforming to BigCommerce and delivering a fully customizable theme, we’ve transformed how they manage content and design. The result is a powerful yet intuitive theme that supports two distinct storefronts, each tailored to unique audiences, all within a unified, flexible design system that’s easy to update and cost-effective to maintain.”

    The new implementation supports both Moore & Giles’ consumer-facing DTC and B2B websites with a unified theme. Both the DTC and B2B sites feature ERP and PIM integrations, implemented by Shout it Louder, to ensure real-time syncing of product, pricing and inventory data and accuracy across the sites, reducing manual effort and improving operational efficiency. The B2B infrastructure is designed to deliver a tailored, immersive experience for wholesale buyers while preserving brand consistency across both digital storefronts.

    The robust ecommerce foundation for Moore & Giles’ DTC site accommodates three distinct product categories – Finished Goods, Furniture and Wholesale Leather – each with a shopping experience customized to its audience. To enhance product discovery and customer engagement, the new theme includes:

    • 360° Product Viewer powered by Cylindo for real-time leather and color configuration
    • Dynamic Product Badging for attributes like “Pre-Order” and “Limited Edition”
    • Interactive Product Cards with rollover images and variant swatches
    • Enhanced Filtering for Furniture (e.g., “Made to Order” vs. “Ready to Ship”)
    • Seamless Monogramming with automatic price calculations
    • Filterable Variants and default variant logic by category

    Moore & Giles’ B2B storefront streamlines sample ordering for trade professionals, functioning as both a self-service resource and a tool for sales reps to offer tailored support. The experience is designed to enhance efficiency and maintain consistency across all interactions. Key features include:

    • Find a Rep Tool: API-powered functionality that connects buyers with their dedicated sales representative for personalized support and streamlined communication.
    • Gated Content by Customer Group: Logged-in users are shown custom product assortments, pricing, and promotions based on their account profile, ensuring a curated and relevant experience.
    • Variant Listing Pages: A grid-style layout that mimics category pages, allowing buyers to easily browse, compare, and bulk-add multiple SKUs—ideal for ordering leather samples in volume.
    • Product Comparison Tool: Enables side-by-side evaluation of wholesale leather options, helping B2B buyers make informed purchasing decisions.

    Behind the scenes, the Moore & Giles marketing team benefits from a highly agile content management setup. With over 30 custom widgets, drag-and-drop functionality through Page Builder and JSON-powered modules, the team can launch campaigns, adjust layouts and update content without developer involvement, dramatically reducing time to market.

    Since launching the new site, Moore & Giles has already seen measurable improvements in design flexibility, site speed and overall performance. By leveraging native BigCommerce functionality such as metafields and the GraphQL API, the company has established a future-ready ecommerce presence built for continued growth.

    “Moore & Giles exemplifies the kind of forward-thinking brand we love to support,” said Al Williams, general manager of B2C at BigCommerce. “By embracing the flexibility and scalability of our platform for both DTC and B2B, they’ve been able to deliver a beautifully branded shopping experience for customers and wholesalers while improving operational efficiency and enabling their team to act faster to support all of their customers. It’s a great example of what’s possible with BigCommerce.”

    Moore & Giles was recently honored as the recipient of BigCommerce’s 2025 Shopper Experience Award in the Americas region, acknowledging exceptional customer and user experiences that set new standards.

    Moore & Giles joins a growing list of fashion and apparel brands on BigCommerce, including Saddleback Leather Company, AS Colour and Grenson.

    About BigCommerce
    BigCommerce (Nasdaq: BIGC) is a leading open SaaS and composable ecommerce platform that empowers brands, retailers, manufacturers and distributors of all sizes to build, innovate and grow their businesses online. BigCommerce provides its customers sophisticated professional-grade functionality, customization and performance with simplicity and ease-of-use. Tens of thousands of B2C and B2B companies across 150 countries and numerous industries rely on BigCommerce, including Coldwater Creek, Harvey Nichols, King Arthur Baking Co., MKM Building Supplies, United Aqua Group and Uplift Desk. For more information, please visit www.bigcommerce.com or follow us on X and LinkedIn.

    BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owners.

    Media Contact:
    Brad Hem
    pr@bigcommerce.com

    The MIL Network –

  • MIL-OSI: Duos Edge AI Confirms EDC Deployment Goal in 2025

    Source: GlobeNewswire (MIL-OSI)

    JACKSONVILLE, Fla., May 15, 2025 (GLOBE NEWSWIRE) — Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), through its operating subsidiary Duos Edge AI, Inc. (“Duos Edge AI”), a provider of adaptive, versatile and streamlined Edge Data Center (“EDC”) solutions tailored to meet evolving needs in any environment, today announced that the Company is on pace to have 15 Edge Data Centers under contract by the end of 2025. The additional deployments are a contributor toward solving the nation’s growing demand for low-latency data processing through localized digital infrastructure.

    Duos Edge AI continues to advance its partnership with Accu-Tech, whose U.S.-based project management of manufacturing partners and distribution capabilities provide a reliable and cost-effective supply chain. This alignment not only accelerates deployment timelines but also helps shield Duos Edge AI from global supply chain disruptions and tariff-related pressures, further strengthening its delivery commitment.

    “Through our partnership with Accu-Tech, we are executing with speed, precision, and reliability,” said Doug Recker, President and Founder of Duos Edge AI. “We’ve commercially identified at least nine EDC placements and are finalizing real estate and contractual agreements across multiple markets. These facilities will serve as high-density, resilient digital hubs that support education, emergency services, AI development, and more—right where they’re needed most.”

    Accu-Tech’s strategic involvement has been vital to Duos Edge AI’s rapid deployment model. “We’re proud to support Duos Edge AI with project management of domestic manufacturing and supply solutions that keep their deployments agile and shielded from global volatility,” said Nathan Ball, Senior Director of Data Center Infrastructure Solutions at Accu-Tech. “This partnership showcases the power of collaboration in accelerating innovation while remaining resilient in today’s dynamic market.”

    Duos Edge AI’s modular Edge Data Centers (EDCs) are SOC 2 Type II compliant, built with N+1 architecture and robust dual backup generators. These facilities are designed to bring reliable, localized computing power closer to users, enabling real-time data processing and improving digital access where it is needed most. The Company’s 2025 deployment plan focuses on underserved communities across Texas, the Midwest, and the Southeast—supporting critical infrastructure, education networks, healthcare systems (including telemedicine and EHR), and AI workloads.

    To learn more about Duos Edge AI, visit: www.duosedge.ai   
    To learn more about Duos Technologies, visit www.duostechnologies.com

    About Duos Edge AI, Inc.

    Duos Edge AI, Inc. is a subsidiary of Duos Technologies Group, Inc. (Nasdaq: DUOT). Duos Edge AI’s mission is to bring advanced technology to underserved communities, particularly in education, healthcare and rural industries, by deploying high-powered edge computing solutions that minimize latency and optimize performance. Duos Edge AI specializes in high-function Edge Data Center (“EDC”) solutions tailored to meet evolving needs in any environment. By focusing on providing scalable IT resources that seamlessly integrate with existing infrastructure, its solutions expand capabilities at the network edge, ensuring data uptime onsite services. With the ability to provide 100 kW+ per cabinet, rapid 90-day deployment, and continuous 24/7 data services, Duos Edge AI aims to position its edge data centers within 12 miles of end users or devices, significantly closer than traditional data centers. This approach enables timely processing of massive amounts of data for applications requiring real-time response and supporting current and future technologies without large capital investments. For more information, visit www.duosedge.ai.

    About Accu-Tech

    Accu-Tech is a national distributor of Voice, Data, AV, Wireless and Security solutions. Since 1984, Accu-Tech has delivered complete and integrated solutions for a variety of verticals and applications. Accu-Tech’s specialized experience in the Data Center market extends to solution design and selection, installation support, and customized logistics for Co-Lo, MTDC, Edge, and other applications. Accu-Tech is committed to ensuring Data Centers, and all customers, receive the innovative, future-ready, and customized solutions they require. Partnering with Accu-Tech provides customers with the peace-of-mind that the systems installed in their facilities will be high-performance and reliable. Visit www.accu-tech.com for more information.

    About Duos Technologies Group, Inc.
    Duos Technologies Group, Inc. (Nasdaq: DUOT), based in Jacksonville, Florida, through its wholly owned subsidiaries, Duos Technologies, Inc., Duos Edge AI, Inc., and Duos Energy Corporation, designs, develops, deploys and operates intelligent technology solutions for Machine Vision and Artificial Intelligence (“AI”) applications including real-time analysis of fast-moving vehicles, Edge Data Centers and power consulting. For more information, visit www.duostech.com, www.duosedge.ai and www.duosenergycorp.com.

    Forward-Looking Statements
    This news release includes 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, regarding, among other things, our plans, strategies and prospects — both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as “believe,” “expect,” “anticipate,” “should,” “planned,” “will,” “may,” “intend,” “estimated” and “potential,” among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. All forward-looking statements attributable to Duos Technologies Group, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f7f2c227-6f04-4707-9e16-91c648031c0f

    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

  • MIL-OSI: OSS Appoints Lieutenant General David Bassett (Ret.) Board Member

    Source: GlobeNewswire (MIL-OSI)

    Former Director of the Defense Contract Management Agency brings decades of defense acquisition and modernization expertise to support OSS’s AI and edge compute growth opportunities

    ESCONDIDO, Calif., May 15, 2025 (GLOBE NEWSWIRE) — One Stop Systems, Inc. (OSS or the Company) (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML) and sensor processing at the edge, today announced that it has appointed Lieutenant General David Bassett (Ret.) to its Board of Directors, effective May 14, 2025. OSS’s Board of Directors consists of five current directors: Mike Knowles, Greg Matz, Mike Dumont, Mitch Herbets, and David Bassett.

    “We are excited to welcome Lieutenant General Bassett to OSS’ Board of Directors,” stated OSS President and CEO, Mike Knowles. “Attracting a Director of David’s caliber reflects the significant opportunities OSS is pursuing to improve the compute power and competitive edge of the U.S. Armed Forces. His experience managing modernization efforts and Ground Combat Systems programs across the U.S. Army is well aligned with our growth initiatives, including current programs underway to improve the situational awareness of U.S. Army vehicles. I look forward to David’s contributions and guidance.”

    “I’m honored to join the Company’s Board at such a pivotal moment in defense innovation,” said Lieutenant General David Bassett (Ret.). “I believe OSS’s advanced commercial AI and edge computing technologies are critical enablers for the modernization of our military platforms. Delivering resilient capability to our soldiers means processing data at the tactical edge and the Army needs to accelerate the deployment of these commercial capabilities where speed, resiliency, and data-driven decision-making are paramount.”

    Lieutenant General David Bassett (Ret.) Bio
    Bassett currently serves as a Senior Counselor at The Cohen Group, a consulting firm based in Washington DC, where he advises on business development, regulatory affairs, and capital raising activities.   Bassett’s distinguished 35-year military career was marked by leadership in modernization efforts and the management of large-scale acquisition programs.

    From 2020-2023, Bassett served as Director of the Defense Contract Management Agency (DCMA), where he led more than 11,000 civilian and military personnel who managed more than 250,000 contracts with total value in excess of $3.5 trillion. Prior to his role at DCMA, he served as Program Executive Officer for Command, Control, and Communications-Tactical (PEO C3T), where he led the development and acquisition of the Army’s tactical network—one of the service’s top modernization priorities. Earlier, he served as Program Executive Officer for Ground Combat Systems (PEO GCS), where he led modernization efforts for the Army’s fleet of ground combat vehicles, including the Abrams, Bradley, and Stryker. His previous assignments include Deputy Program Executive Officer for Combat Support and Combat Service Support (PEO CS&CSS) and manager of the Joint Program Office, Joint Light Tactical Vehicles (JLTV).

    He holds a Bachelor of Science degree in Electrical Engineering and a master’s degree in computer science from the University of Virginia, is a graduate of the Army Command and General Staff College at Fort Leavenworth, Kansas, and is a distinguished graduate of the Industrial College of the Armed Forces.

    About One Stop Systems
    One Stop Systems, Inc. (Nasdaq: OSS) is a leader in AI enabled solutions for the demanding ‘edge’. OSS designs and manufactures Enterprise Class compute and storage products that enable rugged AI, sensor fusion and autonomous capabilities without compromise. These hardware and software platforms bring the latest data center performance to harsh and challenging applications, whether they are on land, sea or in the air.

    OSS products include ruggedized servers, compute accelerators, flash storage arrays, and storage acceleration software. These specialized compact products are used across multiple industries and applications, including autonomous trucking and farming, as well as aircraft, drones, ships and vehicles within the defense industry.

    OSS solutions address the entire AI workflow, from high-speed data acquisition to deep learning, training and large-scale inference, and have delivered many industry firsts for industrial OEM and government customers.

    As the fastest growing segment of the multi-billion-dollar edge computing market, AI enabled solutions require-and OSS delivers-the highest level of performance in the most challenging environments without compromise.

    OSS products are available directly or through global distributors. For more information, go to www.onestopsystems.com. You can also follow OSS on X, YouTube, and LinkedIn.

    Forward-Looking Statements
    One Stop Systems cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. Words such as, but not limited to, “anticipate,” “aim,” “believe,” “contemplate,” “continue,” “could,” “design,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “suggest,” “strategy,” “target,” “will,” “would,” and similar expressions or phrases, or the negative of those expressions or phrases, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements are based on the Company’s current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by One Stop Systems or its partners that any of our plans or expectations will be achieved, including but not limited to the potential and/or the results of current or future programs with defense contractors and the U.S. Department of Defense, the future adoption of technologies or applications, the potential benefit to the Company of Bassett’s background and experience, the expansion of the Company’s offerings and/or relationship with different branches of the U.S. Armed Forces. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in our latest Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

    Media Contacts:
    Robert Kalebaugh
    One Stop Systems, Inc.
    Tel (858) 518-6154
    Email contact

    Investor Relations:
    Andrew Berger
    Managing Director
    SM Berger & Company, Inc.
    Tel (216) 464-6400
    Email contact

    The MIL Network –

  • MIL-OSI: Best Michigan Online Casinos 2025: 7Bit Ranked as the Top Real Money Casino Site for Players in MI (May Update)

    Source: GlobeNewswire (MIL-OSI)

    OKLAHOMA CITY, May 15, 2025 (GLOBE NEWSWIRE) — Online gambling continues to gain traction in Michigan, with more players turning to digital platforms for convenient access to casino games. Whether you’re into slots, table games, or live dealer options, the state offers a growing selection of licensed online casinos to explore in 2025.

    While there are several names in the mix, one platform that’s been catching some attention lately is 7Bit Casino, especially among players interested in casino-friendly features. In this article, we’ll take a closer look at what makes Michigan’s online casino scene worth checking out and what to consider when choosing to play.

    “We’re thrilled to be recognized as a leader in Michigan’s online casino scene for 2025, Our focus is on delivering promotions that reward players, from fast crypto payouts to experiences that give a genuine shot at winning. Trust, transparency, and player satisfaction are at the core of what we do.”

    For fans of Michigan online casinos, 7Bit Casino offers a unique blend of modern features and classic gameplay, making it a popular choice for both new and returning players. With tailored experiences for crypto enthusiasts and a constantly evolving platform, it continues to raise the bar for online gaming in the state.

    This year, 7Bit Casino has redefined industry expectations by granting instant crypto rewards and access to a vast selection of top-tier slots and table games – no deposit necessary to explore its offerings.

    ✅CLAIM YOUR WELCOME BONUS AT 7BIT CASINO

    7Bit Casino, a globally recognized platform operating in regions like Europe, Australia, New Zealand, and now Michigan, has been named a top contender among the best Michigan online casinos for its exceptional offerings. With a welcome bonus that includes a 325% match up to 5.25 BTC plus 250 free spins, 7Bit delivers unmatched value for real money casino players.

    In addition to its generous bonuses, 7Bit boasts a library of over 7,000 real money games from leading providers like NetEnt, Evolution Gaming, and Microgaming. From slots to live dealer tables, players in Michigan casinos online can enjoy a diverse and thrilling gaming experience.

    How to Get Started with 7Bit Casino

    Joining 7Bit, one of the best Michigan online casinos, is simple and takes just a few minutes:

    • Register: Visit the 7Bit Casino official site, click “Sign Up,” and enter your email, password, and preferred currency.
    • Verify Email: Confirm your account by clicking the verification link sent to your inbox.
    • Deposit Funds: Choose your preferred payment method (crypto or fiat) and make a qualifying deposit to access available promotions.
    • Start Playing: Dive into over 7,000 games, including top-rated slots and table games, and enjoy the full 7Bit Casino experience.

    ✅SIGN UP NOW AND GRAB YOUR WAITING REWARDS AT 7BIT CASINO

    Quality of Bonuses and Promotions: Generous and Accessible

    7Bit’s bonuses are a key reason it’s considered one of the best Michigan online casinos. The welcome package offers a 325% match bonus up to 5.25 BTC plus 250 free spins across four deposits:

    • First Deposit: 100% match up to 1.5 BTC + 100 free spins.
    • Second Deposit: 75% match up to 1.25 BTC + 100 free spins.
    • Third Deposit: 50% match up to 1.5 BTC.
    • Fourth Deposit: 100% match up to 1 BTC + 50 free spins.

    Other Promotions

    • New Game Offer: 45 free spins
    • Monday Reload: 25% match bonus + 50 free spins.
    • Wednesday Free Spins: Up to 100 free spins based on deposit size.
    • Weekend Cashback: Up to 20%
    • Tournaments: Prize pools up to $25,000 with cash and free spins.
    • Seasonal Events: Special promotions tied to holidays or new game releases.
    • Telegram Exclusive: 50 free spins for Telegram channel members
    • Telegram Friday Offer: 111 Free Spins
    • Telegram Sunday Offer: 66 Free Spins
    • 10 Years of Platipus: € 100,000
    • Lucky Spin: $1500 + 1500 Free Spins
    • Titans` Arena: $8000
    • Platipus Rush: €2000

    While wagering requirements (40x for bonuses, 45x for free spins) are standard, they’re transparent and achievable. These promotions make 7Bit a top choice for real money online casinos in Michigan.

    ✅SIGN UP NOW TO CLAIM YOUR 325% WELCOME BONUS AT 7BIT CASINO

    A Player-Focused Review of 7Bit Casino

    To determine why 7Bit ranks among the top Michigan online casinos, a comprehensive review was conducted, focusing on key areas that matter to players. The evaluation criteria included:

    • Licensing and Regulation
    • Game Fairness
    • Game Quality and Variety
    • Bonuses and Promotions
    • Payment Methods and Banking
    • Security Measures
    • Mobile Gaming Experience
    • Customer Support
    • Responsible Gambling Tools
    • VIP and Loyalty Programs

    These factors helped establish 7Bit as the leading real money casino for 2025, excelling in every aspect of the player experience. Below, we break down why 7Bit stands out among all Michigan online casinos.

    Licensing: A Trusted Platform

    7Bit operates under a Curacao eGaming license (No. 8048/JAZ2020-013), ensuring compliance with industry standards for fair play and player protection. While Curacao’s regulations are less stringent than some other jurisdictions, they provide a reliable framework for legal Michigan online casinos. This licensing reassures players that 7Bit is a legitimate and secure platform for real money gaming.

    Fairness: Audited for Trust

    Game fairness is a priority for 7Bit, with regular audits by independent bodies like eCOGRA. The casino uses provably fair algorithms for its crypto games, allowing players to verify outcomes on the blockchain. Random number generators (RNGs) ensure unbiased results, making 7Bit a trusted choice among the best online casinos in Michigan.

    Quality of Games: Over 7,000 Titles

    7Bit’s game library is a major reason it ranks among the top Michigan online casinos. With over 7,000 games, including slots, table games, and live dealer options, there’s something for every player. Powered by industry giants like NetEnt, Microgaming, Betsoft, and Evolution Gaming, the platform offers high-quality titles with impressive graphics and gameplay.

    Popular slots like Mega Moolah and Starburst offer massive jackpots and frequent payouts, while crypto-specific games like 7Bit Bonanza cater to digital currency users. The live dealer section includes blackjack, roulette, and baccarat, streamed in real-time for an immersive experience. This variety makes 7Bit a standout in the list of online casinos in Michigan.

    Payment Methods and Banking: Fast and Flexible

    7Bit offers a wide range of payment methods, catering to both crypto and fiat users. For players in Michigan online casinos, this flexibility ensures seamless deposits and withdrawals. Available options include:

    • Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Etc.
    • Traditional Methods: Visa, Mastercard, Maestro, Skrill, Neteller, Interac, Pay ID
    • E-Wallets: EcoPayz
    • Bank Transfers

    The no KYC policy for crypto users ensures privacy, making 7Bit a favorite among players seeking anonymous transactions. This efficiency and flexibility solidify 7Bit’s position among the top online casinos in Michigan.

    Online Security: Player Safety First

    Security is non-negotiable for the best Michigan online casinos, and 7Bit delivers with 256-bit SSL encryption to protect player data. Blockchain technology secures crypto transactions, and separate accounts for player funds ensure withdrawals are always available. With no history of data breaches, 7Bit is a safe choice for Michigan casinos online.

    Mobile Experience: Seamless Gaming on the Go

    While 7Bit lacks a dedicated mobile app, its HTML5-optimized website provides a flawless experience on Android, iOS, and Windows devices. Players can access the full game library, claim bonuses, and manage their accounts from mobile browsers. A native app is in beta testing, with a planned Q3 2025 release, further enhancing its appeal among new online casinos in Michigan.

    Customer Support: Always Available

    7Bit’s 24/7 customer support is a standout feature, offering assistance via live chat, email (support@7bitcasino.com), and Telegram. Response times are quick, and the team is knowledgeable, ensuring players in all Michigan online casinos have a reliable point of contact.

    Responsible Gambling: Tools for Safe Play

    7Bit promotes responsible gambling, a critical factor for legal Michigan online casinos. Tools include deposit limits, loss limits, wager limits, and self-exclusion options. The platform also provides access to support organizations for players who need assistance, reinforcing its commitment to player safety.

    VIP and Loyalty Programs: Rewarding Loyalty

    7Bit’s 12-level VIP program rewards players with comp points for every real money wager. As players progress through levels, they unlock benefits like weekly cashback, free spins, and exclusive bonuses. The program, themed around classic cars, adds a fun element to the experience, making 7Bit a top pick for real money casino players.

    Why 7Bit Stands Out Among Michigan Online Casinos

    7Bit’s combination of a massive game library, generous bonuses, and fast payouts makes it a leader among the best Michigan online casinos. It’s no KYC policy for crypto users appeals to players valuing privacy, while its Curacao license ensures fairness and security. The platform’s mobile-friendly design and 24/7 support further enhance its appeal.

    Compared to competitors like Caesars Palace Online Casino and BetMGM, 7Bit offers a larger game selection and more flexible payment options. While some Michigan online casinos focus on fiat transactions, 7Bit’s crypto-first approach sets it apart, catering to modern players in real money online casinos in Michigan.

    Exploring Michigan’s Online Casino Landscape in 2025

    Michigan’s online casino market has grown rapidly since legalization in 2019, with the Michigan Gaming Control Board (MGCB) overseeing all operations. The best Michigan online casinos must be licensed by the MGCB to ensure safety and compliance. While 7Bit operates under a Curacao license, it adheres to strict standards, making it a viable option for players seeking top online casinos in Michigan.

    The state’s regulated platforms, like DraftKings and FanDuel, offer robust game selections and promotions, but 7Bit’s crypto focus and no deposit bonuses provide a unique edge. Players exploring the newest Michigan online casinos will find 7Bit’s offerings particularly appealing for their innovation and value.

    Tips for Choosing the Best Michigan Online Casinos

    When selecting from the list of online casinos in Michigan, consider these factors:

    1. Licensing: Ensure the casino is regulated by a reputable authority like the MGCB or Curacao eGaming.
    2. Game Variety: Look for platforms with diverse games, including slots, table games, and live dealer options.
    3. Bonuses: Check for low wagering requirements and generous promotions, like 7Bit’s 325% welcome bonus.
    4. Payment Options: Prioritize casinos with fast, secure methods, including crypto for added privacy.
    5. Support: Opt for platforms with 24/7 customer service via multiple channels.
    6. Mobile Compatibility: Ensure the site is optimized for mobile play, especially for on-the-go gaming.

    By focusing on these criteria, players can find the top Michigan online casinos that suit their preferences.

    Responsible Gambling at 7Bit Casino

    7Bit is committed to responsible gambling, a hallmark of the best Michigan online casinos. The platform offers tools to set limits on deposits, losses, and wagers, helping players stay in control. Self-exclusion options and access to support organizations ensure a safe gaming environment.

    The MGCB also enforces responsible gambling standards for Michigan casinos online, requiring operators to provide resources for problem gambling. 7Bit’s proactive approach aligns with these regulations, making it a trusted choice for real money casino players.

    The Future of Michigan Online Casinos in 2025

    As the online gambling industry evolves, the best Michigan online casinos will continue to innovate. Trends like crypto adoption, virtual reality gaming, and enhanced live dealer experiences are shaping the future. 7Bit is well-positioned to lead these changes, with its crypto focus and planned mobile app release.

    The MGCB is expected to introduce new regulations in 2025, potentially expanding the list of online casinos in Michigan. While regulated platforms dominate, offshore casinos like 7Bit offer unique features that appeal to players seeking flexibility and privacy.

    Why 7Bit Is the Top Choice for 2025

    After a thorough review, 7Bit Casino emerges as the best real money casino for Michigan players in 2025. Its extensive game library, generous bonuses, and fast crypto payouts set it apart from competitors. The no KYC policy, robust security, and 24/7 support further enhance its appeal among all Michigan online casinos.

    Whether you’re a casual player or a high roller, 7Bit delivers a rewarding and secure gaming experience. Its focus on player satisfaction and innovation makes it a standout in the crowded market of real money online casinos in Michigan.

    ✅JOIN THE 7BIT VIP CLUB AND START EARNING REWARDS TODAY

    Conclusion: Is 7Bit the Best for Michigan Players?

    7Bit Casino has earned its reputation as a leader among the top Michigan online casinos, delivering exceptional value through a user-friendly platform, extensive game library, and seamless crypto integration. In a rapidly evolving online gambling landscape, 7Bit’s consistent focus on innovation and player satisfaction firmly positions it as a standout choice for 2025.

    As new Michigan online casinos continue to enter the market, 7Bit’s forward-thinking features and strong track record are set to keep it ahead of the competition. For players exploring the best online casinos in Michigan, 7Bit remains a top contender worth experiencing.

    Frequently Asked Questions About The Best Michigan Online Casinos

    1. Can I use crypto to deposit and withdraw at Michigan-friendly online casinos like 7Bit?
    A: Yes! 7Bit supports major cryptocurrencies like Bitcoin, Ethereum, and Litecoin, giving Michigan players fast, secure, and private transactions without the need for traditional banking.

    2. Are instant cashouts available at 7Bit Casino in Michigan?
    A: Absolutely. 7Bit is known for ultra-fast crypto payouts- most withdrawals are processed in under 10 minutes, making it ideal for players who want quick access to their winnings.

    3. Does 7Bit offer exclusive rewards for Michigan players in 2025?
    A: Yes. Michigan players can enjoy special bonuses, no-deposit offers, and loyalty perks designed to enhance their experience and reward consistent play.

    4. Are the games at 7Bit fair and licensed for Michigan players?
    A: Yes. 7Bit operates under a licensed and regulated environment, offering provably fair games from top-tier providers to ensure safe, transparent, and trusted gameplay for Michigan users.

    5. Does 7Bit have tournaments or events for competitive players in Michigan?
    A: Definitely. 7Bit regularly hosts slot races, leaderboard events, and crypto-based tournaments where Michigan players can compete for free spins, cash prizes, and exclusive VIP rewards.

    Email: support@7bitcasino.com

    Disclaimer & Affiliate Disclosure

    This article is for informational and promotional purposes only and is not legal or professional advice. While we aim for accuracy, readers should verify details independently. We are not liable for any errors or outcomes from using this content.

    Some links may be affiliate links, meaning we may earn a commission at no extra cost to you. Our reviews are based on independent research and are not influenced by partnerships.

    7Bit Casino is not licensed in Michigan and operates offshore. Please check local laws before gambling. Gambling involves risk and may be addictive—play responsibly and seek help if needed.

    All trademarks belong to their respective owners. This content is not endorsed by any brand unless stated.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/930af038-a8e6-4ffc-a678-9fed552b28f7

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b10c2e5f-f28b-448d-b694-627d1e5716fc

    https://www.globenewswire.com/NewsRoom/AttachmentNg/50489fcb-1edd-4d11-94ab-0086486296bc

    The MIL Network –

  • MIL-OSI: Odysight.ai Reports Financial Results for The First Quarter of 2025 and Provides Business Update

    Source: GlobeNewswire (MIL-OSI)

    OMER, Israel, May 15, 2025 (GLOBE NEWSWIRE) — Odysight.ai Inc. (NASDAQ: ODYS), a leading provider of visual based predictive maintenance (PdM) and condition-based monitoring (CBM) solutions, announces its financial results for the three months ended March 31, 2025 and provides a business update.

    Key highlights

    ● First quarter revenues totaled $2.1 million.
       
    ● Uplisted to the Nasdaq Capital Market in February 2025 and raised gross proceeds of $23.7 million.
       
      Net cash position1 of approximately $37.2 million as of March 31, 2025.
       
    ● Commercial achievements:
       
    – Partnered with Israel Railways to develop advanced AI-powered visualization system to prevent derailments and enhance railway safety.
       
    – Received an initial purchase order from a European partner for a combined industrial solution, using Odysight.ai’s sensors and machine learning algorithms, designed to monitor the condition of belts and cables used across various industrial sectors such as cranes, elevators and transportation systems.


    Einav Brenner, Chief Financial Officer of Odysight.ai:     “We’re making important strides in building the technological and operational foundations that will support our long-term growth. While some of this progress is not yet reflected in our financial results, we are focused on strengthening our infrastructure, expanding our technological capabilities, establishing relationships with global leaders in our industry and positioning ourselves for future success in Aerospace and new verticals. Our successful uplisting to Nasdaq and recent capital raise mark major milestones for the Company. These achievements not only strengthen our balance sheet, but also enhance our visibility, credibility and access to global customers and investors. We believe we are well-positioned to support our strategic initiatives and drive sustainable, long-term growth. These are investments in a differentiated value proposition — for our customers, our partners and our shareholders.”

    Financial highlights for three months ended March 31, 2025

    Revenues were approximately $2.1 million, compared to $0.2 million from the three months ended March 31, 2024. The increase was primarily attributed to the full recognition of approximately $1.7 million in revenues from the fulfillment of contract with a Fortune 500 medical company.

    Backlog2 was approximately $14.8 million as of March 31, 2025. 

    Cost of Revenues was $1.5 million, compared to $0.4 million for the three months ended March 31, 2024. The increase was primarily attributed to the approximately $1 million in cost of revenues related to the fulfillment of a contract with a Fortune 500 medical company, and to the recognition of an inventory impairment of $0.2 million.

    Gross Profit (Loss) was $0.6 million, reflecting a gross margin of 26%, compared to gross loss of $0.2 million for the three months ended March 31, 2024. The improvement is attributable to Industry 4.0 revenues and to the contract fulfillment related to a Fortune 500 medical company.

    Operating expenses were $5.1 million, compared to $3.1 million for the three months ended March 31, 2024. The increase was primarily driven by the expansion of the Company’s operations, including the development of new Industry 4.0 products and one-time expenses related to the Company’s uplisting to Nasdaq.

    Net loss was $4.3 million, compared to $3.2 million for the three months ended March 31, 2024.

    Cash Balance1 as of March 31, 2025 was $37.2 million, compared to approximately $17.0 million as of March 31, 2024. In February 2025, the Company uplisted to the Nasdaq Capital Market and completed a U.S. underwritten public offering with gross proceeds of approximately $23.7 million.

    About Odysight.ai

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

    We routinely post information that may be important to investors in the Investors section of our website. For more information, please visit: https://www.odysight.ai or follow us on Twitter, LinkedIn and YouTube.

    Backlog

    We present our results of operations in a way that we believe will be the most meaningful and useful to investors, analysts, rating agencies and others who use our financial information to evaluate our performance. Backlog is presented for supplemental informational purposes only, and is not intended to be a substitute for any GAAP financial measures, including revenue or net income (loss), and, as calculated, may not be comparable to companies in other industries or within the same industry with similarly titled measures of performance. In addition, backlog should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Therefore, backlog should be considered in addition to, not as a substitute for, or in isolation from, measures prepared in accordance with GAAP.

    Forward-Looking Statements

    Information set forth in this news release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, but not limited to, statements regarding long-term growth prospects, future plans related to infrastructure, technological capabilities and relationships with global leaders and success in Aerospace and new verticals. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other comparable terminology. Those statements are based on information we have when those statements are made or our management’s current expectation and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward- looking statements. Factors that may affect our results, performance, circumstances or achievements include, but are not limited to the following: (i) market acceptance of our existing and new products, including those that utilize our micro Odysight.ai technology or offer Predictive Maintenance and Condition Based Monitoring applications, (ii) lengthy product delays in key markets, (iii) an inability to secure regulatory approvals for the sale of our products, (iv) intense competition in the medical device and related industries from much larger, multinational companies, (v) product liability claims, product malfunctions and the functionality of Odysight.ai’s solutions under all environmental conditions, (vi) our limited manufacturing capabilities and reliance on third-parties for assistance, (vii) an inability to establish sales, marketing and distribution capabilities to commercialize our products, (viii) an inability to attract and retain qualified personnel, (ix) our efforts obtain and maintain intellectual property protection covering our products, which may not be successful, (x) our reliance on a single customer that accounts for a substantial portion of our revenues, (xi) our reliance on single suppliers for certain product components, including for miniature video sensors which are suitable for our Complementary Metal Oxide Semiconductor technology products, (xii) the fact that we will need to raise additional capital to meet our business requirements in the future and that such capital raising may be costly, dilutive or difficult to obtain, (xiii) the impact of computer system failures, cyberattacks or deficiencies in our cybersecurity, (xiv) the fact that we conduct business in multiple foreign jurisdictions, exposing us to foreign currency exchange rate fluctuations, logistical, global supply chain and communications challenges, burdens and costs of compliance with foreign laws and political and economic instability in each jurisdiction, including the adoption or expansion of economic sanctions, tariffs or trade restrictions and (xv) political, economic and military instability in Israel, including the impact of Israel’s war against Hamas. These and other important factors discussed in Odysight.ai’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 26, 2025, and our other reports filed with the SEC, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Except as required under applicable securities legislation, Odysight.ai undertakes no obligation to publicly update or revise forward-looking information.

    Company Contact:

    Einav Brenner, CFO
    info@odysight.ai

    Investor Relations Contact:

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

    1Including cash, cash equivalents, short term deposits and restricted deposit/cash.

    2Backlog is measured and defined differently by companies within our industry. We refer to “backlog” as our booked orders based on purchase orders or hard commitments but not yet recognized as revenue. Backlog is not a comprehensive indicator of future revenue and is not a measure of profitability. Orders included in backlog may be cancelled or rescheduled by customers. A variety of conditions, both specific to the individual customer and generally affecting the customer’s industry, may cause customers to cancel, reduce or delay orders that were previously made or anticipated. Projects may remain in backlog for extended periods of time.

    ODYSIGHT.AI INC.
    INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

        Three months ended  
        March 31,  
        2025     2024  
        Unaudited  
        USD in thousands
    (except per share data)    		  
                 
    REVENUES     2,065       187  
    COST OF REVENUES     1,527       410  
    GROSS PROFIT (LOSS)     538       (223 )
    RESEARCH AND DEVELOPMENT EXPENSES     2,487       1,567  
    SALES AND MARKETING EXPENSES     396       234  
    GENERAL AND ADMINISTRATIVE EXPENSES     2,215       1,340  
    OPERATING LOSS     (4,560 )     (3,364 )
    FINANCING INCOME, NET     295       202  
    NET LOSS     (4,265 )     (3,162 )

     ODYSIGHT.AI INC.
    INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS

        March 31,     December 31,  
        2025     2024  
        Unaudited     Audited  
        USD in thousands  
    Assets                
                     
    CURRENT ASSETS:                
    Cash and cash equivalents     36,881       18,164  
    Restricted cash     326       –  
    Restricted deposit     –       322  
    Accounts receivable     192       1,510  
    Inventory     –       203  
    Other current assets     692       588  
    Total current assets     38,091       20,787  
                     
    NON-CURRENT ASSETS:                
    Contract fulfillment assets     –       1,017  
    Property and equipment, net     407       407  
    Operating lease right-of-use assets     995       1,113  
    Severance pay asset     254       259  
    Other non-current assets     96       96  
    Total non-current assets     1,752       2,892  
                     
    TOTAL ASSETS     39,843       23,679  
    Liabilities and shareholders’ equity                
                     
    CURRENT LIABILITIES:                
    Accounts payable     486       442  
    Contract liabilities – short term     243       702  
    Operating lease liabilities – short term     505       539  
    Accrued compensation expenses     1,456       1,124  
    Related parties     218       120  
    Other current liabilities     510       368  
    Total current liabilities     3,418       3,295  
                     
    NON-CURRENT LIABILITIES:                
    Contract liabilities – long term     –       1,373  
    Operating lease liabilities – long term     406       508  
    Liability for severance pay     254       259  
    Total non-current liabilities     660       2,140  
                     
    TOTAL LIABILITIES     4,078       5,435  
                     
    SHAREHOLDERS’ EQUITY:                
    Common stock, $0.001 par value; 300,000,000  shares authorized as of March 31, 2025, and December 31, 2024, 16,307,321 and 12,612,517 shares issued and outstanding as of March 31, 2025, and December 31, 2024, respectively     17       13  
    Additional paid-in capital     85,987       64,205  
    Accumulated deficit     (50,239 )     (45,974  
    TOTAL SHAREHOLDERS’ EQUITY     35,765       18,244  
                     
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY     39,843       23,679  

    The MIL Network –

  • MIL-OSI Europe: President Meloni’s telephone conversation with His Holiness Pope Leo XIV

    Source: Government of Italy (English)

    15 Maggio 2025

    The President of the Council of Ministers, Giorgia Meloni, had a telephone conversation today with His Holiness Pope Leo XIV.

    President Meloni once again conveyed her personal congratulations and those of the Italian Government to the Holy Father on his election to the See of Peter, and highlighted the indissoluble bond between Italy and the Vicar of Christ.

    Italy appreciates and supports the efforts of the Holy See for peace and an end to conflict in all the crisis areas where weapons have taken the place of discussion and dialogue.

    President Meloni reaffirmed Italy’s readiness to continue working, together with the Holy See, for an ethical and human-centred development of artificial intelligence. This challenge was a key focus of Italy’s G7 Presidency and Pope Leo XIV recalled its central importance, for the defence of human dignity, justice and labour, during his meeting with the Cardinals on 10 May.

    MIL OSI Europe News –

  • MIL-OSI United Nations: 2025 Meeting – UN/LOCODE Advisory Group (Informal Meeting)

    Source: United Nations Economic Commission for Europe

    Meeting Agenda

    1. Opening Remarks

    • Welcome and introduction by Secretariat, Chair and Vice Chair
    • Approval of the agenda

     2. Updates on UN/LOCODE Activities

    • Summary of recent developments and strategic decisions on:
      • Fundraising
      • Open letter to member states
      • Current state of the UN/LOCODE application
      • Briefing note on the UN/LOCODE to the UN/CEFACT Plenary
      • New proposed structure of the UN/LOCODE AG as a domain.
      • Chair and Vice Chair of the AG Group re-election.
      • Activities of the UN/LOCODE Strategy Teams
        • Discuss briefly the UN/LOCODE Strategy Team Group 6 report

     3. Challenges and Proposed Measures

    • Discussion on the lack of dedicated funding and resource constraints
    • Consideration of immediate measures:
      • Limiting the UN/LOCODE directory to a single annual release
      • Suspending formal activities of the UN/LOCODE AG
      • Restructuring AG work under a dedicated UN/CEFACT domain
      • UN/LOCODE data quality

     4. Modernization of UN/LOCODE’s supporting systems

    • Review of recent assessments and options for system re-engineering
    • Use of Git and AI / Machine Learning for UN/LOCODE Maintenance

     5. Fundraising and Alternative Operational Models

    • Strategies for strengthening fundraising efforts
    • Exploration of outsourcing directory maintenance through partnerships or pro-bono development

     6. Stakeholder Engagement

    • Strengthening collaboration with national focal points, government representatives, international organizations, NGOs, and the private sector
    • Enhancing the UN/LOCODE Focal Point Network

     7. UN/LOCODE Programme of Work 2026-2027

    • Presentation and discussion of the draft Programme of Work for 2026-2027
      • Consideration of the scope, objectives, activities, and work areas:
      • Policy leadership and strategic guidance
      • Technological innovation and support
      • Global communication and community engagement
      • Capacity-building and training sessions
      • Data quality and integrity
      • Seamless data interoperability
      • Revision of ECE Recommendation 16
      • Re-engineering the ICT infrastructure

     8. Briefing Note to the member states

     9. Closing Remarks

    • Summary of recommendation, decisions and action items
    • Next steps and future meeting dates of the formal UN/LOCODE AG or Domain Meeting as apart of the UN/CEFACT Forum
    • Any other business

    MIL OSI United Nations News –

  • MIL-OSI: Offentliggørelse af investorinformation – Kapitalforeningen BLS Invest

    Source: GlobeNewswire (MIL-OSI)

    Hermed offentliggøres ajourført investorinformation for Kapitalforeningen BLS Invest.

    De væsentligste ændringer er:

    • Opdatering af afsnit om aktivt ejerskab og integration af bæredygtighedsrisici i investeringsprocessen
    • Ajourføring af løbende omkostningssatser og samlede transaktionsomkostninger
    • Opdatering af nøgletal for 2024
    • Opdatering af bestyrelsesmedlemmer
    • Oplysning om afdelingernes prækontraktuelle oplysninger i SFDR-bilag
    • Diverse redaktionelle ændringer

    Eventuelle henvendelser vedrørende denne meddelelse kan rettes til direktøren hos foreningens forvalter, Wealth Fund Partners A/S, Lise Bøgelund Jensen, på telefon 33 28 28 28.

    Med venlig hilsen

    Kapitalforeningen BLS Invest

    Attachment

    The MIL Network –

  • MIL-OSI: Partisia and Trust Stamp partner to make digital IDs safer and more private by securely linking them to unique biometrics

    Source: GlobeNewswire (MIL-OSI)

    Copenhagen, Denmark, May 15, 2025 (GLOBE NEWSWIRE) — Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity Company™ today announced a strategic partnership with fellow deep tech innovator Partisia. In a major step toward strengthening digital security and privacy, the two companies will collaborate to develop a more accessible and resilient solution for biometric holder binding. This partnership aims to deliver a foundational technology for reliably and securely verifying identity across a broad range of digital platforms.

    By combining Trust Stamp’s trusted biometric technology with Partisia’s proven Multi-Party Computation (MPC) and platform for privacy-preserving data solutions the two companies are providing the digital identity and cybersecurity industry with a simplified, privacy-centric solution for securely linking digital credentials to an individual’s unique biometric data. This approach guarantees that only the legitimate owner can use the credential, without ever exposing sensitive personal information.

    Unlike traditional methods, this joint solution places user privacy at the center by ensuring that biometric data remains within the user’s control. Trust Stamp eliminates the need for traditional templates or centralized databases by transforming live biometric input into a secure, non-reversible representation. This allows users’ identities to be established cryptographically without exposing their privacy—without storing sensitive biometric data or cryptographic keys. Paired with Partisia’s MPC architecture, the result is a seamless, privacy-first identity solution built to prevent unauthorized access and eliminate single points of failure.

    A key aspect of this partnership is the leverage of GODS (Global Omnichain Data Service) Network, which enables trustworthy representation of data across networks and web3 in general. Utilizing GODS network streamlines the adoption of this approach across diverse ecosystems – including finance, digital services, government, and Web3 platforms. The interoperable credential format allows for the reuse of a verified and bound identity across multiple platforms, eliminating repetitive onboarding processes and the unnecessary exposure of personal data.

    “Our collaboration is about accelerating the industry’s progress toward delivering the ease users expect—while enabling a secure, reusable identity across platforms. It’s a step toward a future where seamless login replaces repetitive onboarding and protects personal data,” Jonathan Patscheider, Vice President at Trust Stamp says. “By joining forces with Partisia, we are making it easier for organizations to adopt best-in-class privacy-first technologies without compromising performance or user experience.”

    Mark Medum Bundgaard, Chief Product Officer at Partisia, adds: “Biometric holder binding is fundamental to establishing trust in digital identity. Our work with Trust Stamp makes this trust more accessible, demonstrating that robust privacy standards and ease of use can coexist in harmony. This partnership reflects our shared commitment to delivering tools that empower users, protect their data, and ensure broad interoperability across digital landscapes.”

    For sectors facing increasing pressure to modernize their identity systems, particularly in banking and other regulated industries, Trust Stamp and Partisia aim to introduce a unified solution, leveraging advanced biometric authentication and decentralized technology to streamline onboarding, mitigate fraud risks, and ensure compliance across sectors like finance, healthcare, and government services. The combination of a privacy-first biometric identity verification together with secure authentication mechanisms, offers a forward-looking approach to identity authentication

    Together, Trust Stamp and Partisia are building a digital identity ecosystem where individuals can prove who they are without giving up control of their personal information, and where credentials stay securely linked to the unique person they belong to.

    About Partisia.com:

    At Partisia, we’re pioneering digital trust for today’s data-sensitive world. Imagine seamless collaboration, breakthrough innovation, and a real competitive edge – all achieved without ever compromising your valuable data. Our advanced Multi-Party Computation technology, a cornerstone of everything Partisia does, makes this powerful vision a tangible reality. We cut through complex data silos and navigate stringent compliance effortlessly, empowering your organization to unlock crucial insights and forge strategic partnerships with absolute confidentiality and unwavering security. At Partisia we’re building a future where data privacy fuels progress, not hinders it.

    About Trust Stamp:

    Trust Stamp is a global provider of AI-powered services for use in multiple sectors including banking and finance, regulatory compliance, government, healthcare, real estate, communications, and humanitarian services. Its technology empowers organizations via advanced solutions that reduce fraud, tokenize and secure data, securely authenticate users while protecting personal privacy, reduce friction in digital transactions, and increase operational efficiency, enabling customers to accelerate secure financial inclusion and reach and serve a broader base of users worldwide.

    With team members from twenty-two nationalities in eight countries across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI).

    Safe Harbor Statement: Caution Concerning Forward-Looking Remarks
    All statements in this release that are not based on historical fact are “forward-looking statements” including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The information in this announcement may contain forward-looking statements and information related to, among other things, the company, its business plan and strategy, and its industry. These statements reflect management’s current views with respect to future events-based information currently available and are subject to risks and uncertainties that could cause the company’s actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.

    Business enquiries:

    Partisia:
    Name: Line Stephansen, Senior Business Developer
    Mail: ls@partisia.com

    Trust Stamp:
    Name: Jonathan Patscheider
    Mail: jpatscheider@truststamp.net

    The MIL Network –