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Category: Machine Learning

  • MIL-OSI USA: Rosen, Cassidy Introduce Legislation to Protect Sensitive Federal Data from CCP-Owned DeepSeek, Adversarial AI Technologies

    US Senate News:

    Source: United States Senator Jacky Rosen (D-NV)
    WASHINGTON, DC – U.S. Senators Jacky Rosen (D-NV) and Bill Cassidy, M.D. (R-LA) introduced a bill to protect sensitive federal data from adversarial nations like the People’s Republic of China (PRC). The bipartisan Protection Against Foreign Adversarial Artificial Intelligence Act would prohibit federal contractors from using DeepSeek, an artificial intelligence (AI) platform with direct ties to the Chinese Communist Party (CCP), to fulfill contracts with federal agencies. DeepSeek poses a significant potential national security threat and is required by Chinese law to share the data it collects with the Chinese government and its intelligence agencies. Several U.S. states and allied nations have already moved to block DeepSeek from government devices due to critical security concerns.
    “The U.S. must take steps to ensure Americans’ data and our government systems are protected against cyber threats from foreign adversaries,” said Senator Rosen. “This bipartisan legislation would prevent federal contractors from using Deepseek, a CCP-linked AI platform, when carrying out government work. I will continue working across party lines to bolster our national security and protect Americans’ data.”
    “AI is a powerful tool which can be used to enhance things like medicine and education. But in the wrong hands, it can be weaponized. By feeding sensitive data into systems like DeepSeek, we give China another weapon,” said Dr. Cassidy.
    Specifically, the Protection Against Foreign Adversarial Artificial Intelligence Act would:
    Prohibit federal contractors with an active federal contract from using DeepSeek, and any successor application developed by High-Flyer, for contracts with the federal government. 
    Include a report to Congress from the U.S. Secretary of Commerce, in consultation with the U.S. Secretary of Defense, on the national security and economic espionage threats posed by AI platforms from adversarial nations, such as China, North Korea, Iran, and Russia.
    As the first and only former computer programmer to serve in the Senate, Senator Rosen has led the fight to strengthen the nation’s cybersecurity. Earlier this year, she introduced bipartisan legislation to prohibit the use of DeepSeek on all government devices and networks. Last year, Rosen called on the Department of Health and Human Services and the Cybersecurity and Infrastructure Security Agency to create a plan to help health care systems respond to cyberattacks like the recent ransomware attack on Change Healthcare. Additionally, Senator Rosen’s bipartisan Department of Defense Civilian Cybersecurity Reserve Act became law to recruit civilian cybersecurity personnel to serve in reserve capacities and respond to cyberattacks during times of need.

    MIL OSI USA News –

    May 10, 2025
  • MIL-OSI: ThreeD Capital Inc. Announces Joint Operating Agreement with Sheldon Inwentash to Monetize HyperCycle Digital Assets

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 09, 2025 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK) (OTCQX:IDKFF), a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to announce that it has entered into a Joint Operating Agreement dated May 9, 2025 (the “Agreement”) with its Chief Executive Officer, Sheldon Inwentash, for the purpose of monetizing complementary digital assets held by each respective party.

    Under the terms of the Agreement, ThreeD will contribute 6,291,456 HyperCycle tokens (“Contributed Tokens”) and Mr. Inwentash will contribute 12 HyperCycle masternodes (“Nodes”) to a coordinated operation (“Joint Operation”). The total aggregate market value of the Contributed Tokens is approximately $550,000 USD, which is equal to the value of the Nodes contributed by Mr. Inwentash. The objective of the Joint Operation is to leverage the Nodes and Contributed tokens synergistically to generate income through participation in the HyperCycle decentralized AI computation ecosystem.

    Each party will retain beneficial ownership of their contributed assets. ThreeD will maintain control and custody of the Contributed Tokens, while Mr. Inwentash will retain beneficial ownership of the Nodes, though operational access and custody of the Nodes will temporarily be delegated to a digital wallet controlled by ThreeD for operational purposes.

    Revenues and expenses relating to the Joint Operation will be shared equally (50/50) between ThreeD and Mr. Inwentash. Either party may elect to withdraw their contributed assets upon 30 days’ notice, subject to orderly wind-down provisions. The agreement also includes an income cap of $2,000,000 CAD, at which point the Joint Operation will automatically terminate, and the contributed assets will be returned to their respective owners, net of outstanding obligations.

    The transaction constitutes a related party transaction under Multilateral Instrument 61-101 (“MI 61-101”) as Mr. Inwentash is both a director and officer of the Company. The Company is relying on the exemption from the formal valuation requirement set out in section 5.5(a) of MI 61-101 and the exemption from the minority approval requirement set out in section 5.7(1)(a) of MI 61-101, as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction, exceeds 25% of the Company’s market capitalization.

    The transaction remains subject to the approval of the Canadian Securities Exchange.

    About ThreeD Capital Inc.

    ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.

    For further information:

    Jakson Inwentash
    Vice President Investments jinwentash@threedcap.com Phone: 416-941-8900 ext 107

    The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

    Forward-Looking Statements

    This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of Canadian securities laws including, without limitation, statements with respect to future investments by the Company. All statements other than statements of historical fact are forward-looking statements. Often, but not always, these forward looking statements can be identified by the use of words such as “believe”, “believes”, “estimate”, “estimates”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “upgraded”, “offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

    Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. Although the Company believes the expectations reflected in these forward-looking statements are reasonable, there can be no assurance they will prove accurate. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

    The MIL Network –

    May 10, 2025
  • MIL-OSI Africa: Nigeria Unlocks Intra-African Trade with New Pan-African Payment & Settlement System (PAPSS) Policy Boost

    Source: Africa Press Organisation – English (2) – Report:

    CAIRO, Egypt, May 9, 2025/APO Group/ —

    The Pan-African Payment & Settlement System (PAPSS) warmly welcomes the new circular from the Central Bank of Nigeria (CBN), announcing a significant streamlining of documentation requirements for PAPSS transactions in Nigeria.

    This progressive policy, announced on 28 April 2025, sets the stage for faster, more cost-effective, and more inclusive participation by Nigerians and Nigerian businesses, especially Small and Medium Enterprises (SMEs), involved in intra-African commerce under the African Continental Free Trade Area (AfCFTA).

    With the new announcement, individuals and businesses in Nigeria will now be able to make PAPSS transactions efficiently; with less delays occasioned by paperwork. Only basic KYC (Know Your Customer) and AML (Anti-Money Laundering) documents are required for clearance of payments under US$2,000 (for individuals) and US$5,000 (for corporates) per month. This makes it easier for Nigerian SMEs to trade across Africa under the AfCFTA, with fewer heavy documentation barriers than ever before.

    The announcement also empowers commercial banks to source foreign exchange for PAPSS through Nigeria’s Foreign Exchange market.

    As PAPSS continues to expand across Africa — with 16 countries, 14 payment switches, and more than 150 commercial banks now connected, including 22 banks in Nigeria — the streamlined requirements will eliminate barriers and encourage broader use of our secure, instant, local currency-based platform.

    Mike Ogbalu III, CEO of PAPSS, commented: “Today marks a transformational milestone for Nigerian commerce and for the larger vision of African economic integration. We are grateful to the Central Bank of Nigeria for its unwavering support and vision in propelling Nigeria towards seamless intra-African payments under the AfCFTA.

    “This bold policy move by the CBN will empower banks, businesses, and entrepreneurs to connect, trade, and pay more easily than ever before. The directive removes excess paperwork from a large number of transfers, empowering Nigerian businesses to participate more freely in the African Continental Free Trade Area by utilising our secure, local currency-based platform.

    “We also expect Nigerian banks to begin integrating PAPSS into their digital platforms such as mobile apps and online banking in the near future, promoting even wider adoption.

    “PAPSS is at the forefront of the African advancement towards a truly borderless African economy and achieving the ultimate goal of economic self-determination. We encourage all stakeholders across the continent to follow in Nigeria’s footsteps, embrace PAPSS, and become part of the transformation that will define the way Africa does payments and accelerate the realisation of the African Continental Free Trade Area goals.”

    MIL OSI Africa –

    May 10, 2025
  • MIL-OSI: Matador Technologies Inc. Announces Non-Brokered Private Placement

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, May 09, 2025 (GLOBE NEWSWIRE) — Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA, OTCQB: MATAF), a Bitcoin-focused technology and investment company, is pleased to announce a non-brokered private placement offering of up to 5,454,546 units (the “Units”) at a price of $0.55 per Unit, for aggregate gross proceeds of up to C$3,000,000 (the “Offering”).

    Each Unit will consist of one common share and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.75 for a period of twelve (12) months from the date of issuance.

    The Warrants will be subject to an acceleration clause: in the event that the closing price of the Company’s common shares on the TSX Venture Exchange (the “TSXV”) is equal to or exceeds $1.05 for five (5) consecutive trading days at any time following the date which is four months and one day after the closing date, the Company may accelerate the expiry date of the Warrants to the date that is thirty (30) days following the dissemination of a press release announcing such acceleration.

    The securities issued in connection with the Offering will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws.

    The Offering is being conducted pursuant to available exemptions from prospectus requirements and will be made to “accredited investors” in all provinces of Canada and in such other jurisdictions as the Company may determine, in accordance with applicable securities laws.

    The net proceeds of the Offering are expected to be allocated approximately one-third to each of the following: (i) the purchase of Bitcoin; (ii) advancing the Company’s gold acquisition and Grammies business initiatives; and (iii) general corporate purposes.

    The Offering is subject to customary closing conditions, including the receipt of all necessary approvals, including that of the TSX Venture Exchange.

    For additional information, please contact:

    Media Contact:
    Sunny Ray
    President
    Email: sunny@matador.network
    Phone: 647-932-2668

    About Matador Technologies Inc.

    Matador Technologies Inc. is a publicly traded Bitcoin ecosystem company that holds Bitcoin as its primary treasury asset and builds products to enhance the Bitcoin network. Through a self-reinforcing model that combines strategic Bitcoin accumulation, Bitcoin-native product development, and participation in digital asset infrastructure, Matador aims to grow long-term shareholder value without dilution.

    The Company’s flagship offering, the Digital Gold Platform, allows users to buy, sell, and trade 1-gram gold units inscribed as Bitcoin Ordinals—bridging traditional value with decentralized technology. With a Bitcoin-first strategy, a debt-free balance sheet, and a clear focus on innovation, Matador is helping shape the future of financial infrastructure on Bitcoin.

    Learn more at www.matador.network.

    Cautionary Statement Regarding Forward-Looking Information

    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

    Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks associated with the implementation of the Company’s treasury management strategy and the launch of its mobile application as currently proposed or at all. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including with respect to the potential acquisition of Bitcoin and/or US dollars, the pricing of such acquisitions and the timing of future operations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

    The MIL Network –

    May 10, 2025
  • MIL-OSI: Orange Bank & Trust Expands Commitment to Construction and Trade Industries

    Source: GlobeNewswire (MIL-OSI)

    MIDDLETOWN, N.Y., May 09, 2025 (GLOBE NEWSWIRE) — Orange Bank & Trust Company, an economic engine of New York’s Hudson Valley for more than 133 years, is pleased to announce an investment and deeper focus on the construction and trade industries. The Bank has chosen Patrick Smith, SVP, former Relationship Manager of the Bank’s Mount Vernon branch and a seasoned banker with extensive knowledge of the construction industry, to spearhead this initiative.

    Orange Bank & Trust has a proven track record of serving the construction and trade community and has organically grown the size and scope of this portfolio, which has helped build its reputation as the premier bank within this vertical. In addition, the Bank is uniquely positioned geographically in the industrial corridor that exists in the Lower Westchester and Northern Bronx markets.

    “The construction and trade industries are a key component within the communities in which we serve, and we are excited to build upon our expertise in these areas of our business,” said Michael Gilfeather, President and CEO of Orange Bank & Trust. “We recognize the importance contractors and developers place on relationships, including working with the same trusted sub-contractors—for example, architects, suppliers, plumbers, and electricians—and the Bank has become one of these trusted partners.”

    Gilfeather continued, “Patrick’s deep understanding of the unique financial needs of these clients enables us to further enhance our offerings and deliver even greater value to them. In addition, the Bank is combining its unique AI abilities with internal and external data to identify connections between clients and prospects, while increasing efficiency and client satisfaction.”

    Frank Petrillo, President of Petrillo Stone, a longtime client of Orange Bank & Trust, said the Bank is well-positioned to support the construction and trade industry.

    Frank said, “With a comprehensive suite of customized products, in-depth industry knowledge, and a significant client base of contractors, developers, and related businesses, Orange Bank is the ideal choice for local trades. The Bank’s high-touch, personalized service model has been instrumental in building strong, lasting relationships with its contractor clientele.”

    Patrick Smith, SVP of Orange Bank & Trust Company, will spearhead the Bank’s new dedicated focus on construction and trade clients.

    About Orange Bank & Trust Company
    Orange Bank & Trust Company is the Hudson Valley’s premier financial institution focusing on commercial lending, business banking, payment processing and wealth management services. For more than 133 years, Orange Bank & Trust Company has been an economic engine of the community, with more than $2.5 billion in assets and playing a vital role in increasing opportunities for local businesses, creating jobs for generations of residents, spurring region-defining developments, and maximizing investments to neighborhood-serving non-profits. The Bank is regularly recognized as one of New York’s top places to work.

    Contact Info:
    Candice Varetoni
    AVP Marketing Officer
    cvaretoni@orangebanktrust.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c9c3d9d6-143d-4807-981e-d1e1665ad678

    The MIL Network –

    May 10, 2025
  • MIL-OSI USA: Rep. Fallon Leads Letter Calling for Clarity on Army Depot Modernization

    Source: United States House of Representatives – Congressman Pat Fallon (TX-04)

    Washington, DC — Rep. Pat Fallon (TX-04) led a letter today to Army Secretary Daniel Driscoll asking for greater clarity regarding the services’ plan for army depot modernization.

    Rep. Fallon commented: “To support President Trump’s peace through strength vision, modernizing our depots is vital.” 

    “Red River Army Depot in my district, employing 3,500 workers, sustains key tactical vehicles, ensuring readiness across military branches,” said Rep. Fallon. “As a critical logistical hub, Red River, as well as depots across the country, need a clear modernization plan to avoid reduced capacity.”

    “I urge the Army to provide details on funding, workforce training, AI integration, and inter-service coordination in order to enhance our capabilities.”

    MIL OSI USA News –

    May 10, 2025
  • MIL-OSI Economics: Phillips 66 Provides Statement of Critical Facts

    Source: Phillips

    Provides Clarity on Important Topics where Elliott Has Sought to Mislead Investors
    Reiterates Strength of Company’s Transformative Strategy and the Valuable Skills of Phillips 66’s Board and Nominees in Contrast to Elliott’s Risky, Misleading Analysis and Conflicted Nominees
    Phillips 66 Urges Shareholders to Vote “FOR” ONLY Phillips 66’s Nominees on the WHITE Proxy Card

    HOUSTON–(BUSINESS WIRE)– Phillips 66 (NYSE:PSX) today provided investors with important information to make fully informed voting decisions at the Phillips 66 Annual Meeting on May 21, 2025. This overview is intended to ensure investors understand the facts on these critical topics as they assess how to cast their upcoming vote.
    Reliable, Long-Term Value Creation
    Since Mark Lashier became President & CEO, Phillips 66 outperformed against relevant benchmarks,delivering total shareholder returns of 67%(compared to the S&P 500 Energy at 45%, and our Synthetic Proxy Peer Median1 at 42%).2
    In under 3 years, the Companyreturned over$14 billion to shareholdersthrough share repurchases and dividends. We grew our dividend at a 15% CAGR since the spinoff3in 2012, and our annual dividend paidincreased every year.
    While the Board recognizes the reliable returns we have provided for our shareholders,we are never satisfied and continuously review our portfolio with a sharp focus on long-term value creation.
    Investors and analysts recognize the long-term potential inherent in the execution of our transformational strategy, which is in its early innings:
    “PSX remains a Large Cap refining top pick. PSX’s management team is focused on delivering growth at attractive returns, and further diversification and improvements to refining uptime might combine to restore PSX’s premium positioning. We are Overweight rated.” (Wells Fargo (4/25/2025))4
    Effective Board Governance
    Elliott helped to select Bob Pease and he has proven to be a constructive challenger in the boardroom. As Bob has directly stated, he supports the Board because it is actively working to get to the right answer, not protecting any individual’s interests.
    The Phillips 66 Board has demonstrated an ability to consistently refresh the boardroom. To ensure fresh and independent viewpoints, we have added five new independent directors in the past four years and two new nominees stand for election at this year’s Annual Meeting.
    Our directors and nominees have unparallelled experience taking decisive and transformative action when it makes sense, and together they have overseen more than $300 B in breakup or major divestiture transactions.
    “[Mark Lashier] stressed that the board has taken a look at strategic options in the past and continues to do so regularly. As such, questions surrounding the makeup of the portfolio have been asked inside the boardroom. And answered. He also added there are plenty of folks in the boardroom who have been involved in spinoffs elsewhere and they’d be the kind of people who’d be raising their hand if they thought this one made sense. Lastly, he pointed out that “incredible dis-synergies” and “massive tax burdens” would come from midstream monetization. In today’s deck, PSX claims these costs could amount to $28/share.”(Gordon Haskett (4/28/2025))4
    Elliott’s Flawed Thesis to Separate Midstream and Sell CPChem
    The Board has absolutely evaluated a breakup of Midstream and sale of CPChem, and following meaningful consideration, came to the conclusion that neither action is in the best interest of long-term shareholders at this time.
    Simply put, Elliott’s analysis is based on speculative analysis and flawed assumptions:
    Elliott’s $50 billion Midstream analysis ignores or significantly underestimates tax leakage, dis-synergies, buying power of potential buyers, among other factors that would destroy value uplift in a sale and/or spin scenario.
    Elliott’s valuation of CPChem has appreciated by 50% to $15 billion since 2023, while Chemical peers have traded down 19%5during the same time frame.
    We have carefully evaluated and disclosed important details around Elliott’s flawed analysis in our recent investor presentation, which outlines the facts around the costs and risks of a CPChem sale or Midstream spin and the long-term value of the integrated business.

    We know the market recognizes Elliott’s analysis is based on speculative valuations and flawed assumptions:
    “Sale of companies may not work as: 1) buyers for these large assets are limited, 2) tax leakage could be high, 3) standalone Refining multiple may suffer (PSX is trading at a premium to MPC on standalone Refining).” (Citi (3/14/2025))4
    “We believe selling CPChem ahead of two large projects coming online and close to the bottom of the margin cycle may not be the right idea.” (Citi (2/13/2025)) 4
    Refining Performance
    Refining performance has been improving meaningfully, and we remain committed to continuously increasing margins in our Refining business.
    As a result of optimizing our integrated value chain and cost reduction efforts, our R&M EBITDA outperforms our core peer group by $2.80 per barrel6in the Central Corridor and is in-line globally.
    Between 2022 and 2024, Phillips 66 reduced refining adjusted controllable costs by $1.08 per barrel7, a 15% improvement and 44% above our original $0.75 per barrel target. These results surpassed both Marathon and Valero’s respective cost improvements over the same period.7
    By 2027, we aim to further reduce refining adjusted controllable costs from $5.90 to $5.50 per barrel.8We expect that every $0.50 per barrel of cost reduction will improve adjusted EBITDA by roughly $315 million.9
    We know the market sees the progress we are making:
    “[We] recently analyzed PSX refining EBITDA per barrel on a like-for-like basis with peers, adjusting for Marketing, Midstream, and turnaround accounting. We found that PSX performs in-line with peers based on our analysis … This is better than the consensus view that PSX refining earnings lags peers.” (TD Cowen (4/27/2025)) 4
    “Management highlighted the completion of its large turnaround program, which should support improved refining earnings through the remainder of the year. We note the company remains focused on improving operational execution and yields across its refining footprint though accretive capital investments.” (Goldman Sachs (5/1/2025)) 4
    The Risk of Elliott’s Nominees
    Elliott’s nominees, who have histories of value destruction, pose a risk to shareholders’ investments and have redundant experience relative to our more qualified nominees.
    Sigmund Cornelius and Brian Coffman both hold concerning and poorly disclosed ties to Elliott and Gregory Goff (CEO of Amber Energy, an Elliott portfolio company, who is pursuing an acquisition of CITGO, our direct competitor), creating serious questions about their ability to act in the best interests of all Phillips 66 shareholders.
    There are serious questions about Elliott’s expectation of director loyalty. Elliott’s attempt to replace Bob Pease while denying Phillips 66 access to interview and evaluate its nominees is a clear testament to the activist’s expectation of loyalty rather than true independence.
    Phillips 66 Has the Right Nominees
    John Lowe has over 30 years of experience in the energy sector and has created tangible value both in his executive and board positions at publicly traded energy companies.
    Bob Pease, who we appointed with support from Elliott, has extensive refining and commercial experience from his over 39-year career, and his leadership overseeing major corporate transformations has made him a highly effective Director.
    Nigel Hearne has substantial international upstream and downstream operating experience and will provide valuable refining operations and HS&E expertise.
    Howard Ungerleider holds over 30 years of chemicals leadership experience and oversaw the financial complexities of one of the largest and most complex mergers and spin-off transactions in recent history as CFO of DowDuPont.
    Your Vote Matters
    Phillips 66’s Board of Directors urges shareholders to use only the WHITE proxy card to vote:
    “FOR” all four of the candidates proposed by the Company and not Elliott’s four nominees;
    “FOR” management’s proposal to approve the declassification of the Board of Directors; and
    “AGAINST” Elliott’s proposal requiring annual director resignations, which implementing would violate Delaware law and put your Board at significant legal and reputational risk
    The Board strongly recommends that shareholders safeguard their investment in Phillips 66 by casting their vote as soon as possible, regardless of plans to attend the Annual Meeting virtually on May 21, 2025.
    Shareholders may receive materials from Elliott Management that say “gold proxy card” or “gold voting instructions” or similar. Phillips 66 recommends that shareholders DISCARD any Gold voting materials they may receive from Elliott. Shareholders may cancel out any vote made using a Gold proxy card by voting again TODAY using the Company’s WHITE proxy card. Only the latest-dated vote will count.
    About Phillips 66
    Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.
    Forward-Looking Statements
    This news release contains forward-looking statements within the meaning of the federal securities laws relating to Phillips 66’s operations, strategy and performance. Words such as “anticipated,” “committed,” “estimated,” “expected,” “planned,” “scheduled,” “targeted,” “believe,” “continue,” “intend,” “will,” “would,” “objective,” “goal,” “project,” “efforts,” “strategies” and similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements included in this news release are based on management’s expectations, estimates and projections as of the date they are made. These statements are not guarantees of future events or performance, and you should not unduly rely on them as they involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include: changes in governmental policies or laws that relate to our operations, including regulations that seek to limit or restrict refining, marketing and midstream operations or regulate profits, pricing, or taxation of our products or feedstocks, or other regulations that restrict feedstock imports or product exports; our ability to timely obtain or maintain permits necessary for projects; fluctuations in NGL, crude oil, refined petroleum, renewable fuels and natural gas prices, and refining, marketing and petrochemical margins; the effects of any widespread public health crisis and its negative impact on commercial activity and demand for refined petroleum or renewable fuels products; changes to worldwide government policies relating to renewable fuels and greenhouse gas emissions that adversely affect programs including the renewable fuel standards program, low carbon fuel standards and tax credits for renewable fuels; potential liability from pending or future litigation; liability for remedial actions, including removal and reclamation obligations under existing or future environmental regulations; unexpected changes in costs for constructing, modifying or operating our facilities; our ability to successfully complete, or any material delay in the completion of, any asset disposition, acquisition, shutdown or conversion that we have announced or may pursue, including receipt of any necessary regulatory approvals or permits related thereto; unexpected difficulties in manufacturing, refining or transporting our products; the level and success of drilling and production volumes around our midstream assets; risks and uncertainties with respect to the actions of actual or potential competitive suppliers and transporters of refined petroleum products, renewable fuels or specialty products; lack of, or disruptions in, adequate and reliable transportation for our products; failure to complete construction of capital projects on time or within budget; our ability to comply with governmental regulations or make capital expenditures to maintain compliance with laws; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets, which may also impact our ability to repurchase shares and declare and pay dividends; potential disruption of our operations due to accidents, weather events, including as a result of climate change, acts of terrorism or cyberattacks; general domestic and international economic and political developments, including armed hostilities (such as the Russia-Ukraine war), expropriation of assets, and other diplomatic developments; international monetary conditions and exchange controls; changes in estimates or projections used to assess fair value of intangible assets, goodwill and property and equipment and/or strategic decisions with respect to our asset portfolio that cause impairment charges; investments required, or reduced demand for products, as a result of environmental rules and regulations; changes in tax, environmental and other laws and regulations (including alternative energy mandates); political and societal concerns about climate change that could result in changes to our business or increase expenditures, including litigation-related expenses; the operation, financing and distribution decisions of equity affiliates we do not control; and other economic, business, competitive and/or regulatory factors affecting Phillips 66’s businesses generally as set forth in our filings with the Securities and Exchange Commission. Phillips 66 is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
    Additional Information
    On April 8, 2025, Phillips 66 filed a definitive proxy statement on Schedule 14A (the “Proxy Statement”) and accompanying WHITE proxy card with the U.S. Securities and Exchange Commission (the “SEC”) in connection with its 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”) and its solicitation of proxies for Phillips 66’s director nominees and for other matters to be voted on. This communication is not a substitute for the Proxy Statement or any other document that Phillips 66 has filed or may file with the SEC in connection with any solicitation by Phillips 66. PHILLIPS 66 SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE PROXY STATEMENT (AND ANY AMENDMENTS AND SUPPLEMENTS THERETO) AND ACCOMPANYING WHITE PROXY CARD AND ANY OTHER RELEVANT SOLICITATION MATERIALS FILED WITH THE SEC AS THEY CONTAIN IMPORTANT INFORMATION. Shareholders may obtain copies of the Proxy Statement, any amendments or supplements to the Proxy Statement and other documents (including the WHITE proxy card) filed by Phillips 66 with the SEC without charge from the SEC’s website at www.sec.gov. Copies of the documents filed by Phillips 66 with the SEC also may be obtained free of charge at Phillips 66’s investor relations website at https://investor.phillips66.com or upon written request sent to Phillips 66, 2331 CityWest Boulevard, Houston, TX 77042, Attention: Investor Relations.
    Certain Information Regarding Participants
    Phillips 66, its directors, its director nominees and certain of its executive officers and employees may be deemed to be participants in connection with the solicitation of proxies from Phillips 66 shareholders in connection with the matters to be considered at the 2025 Annual Meeting. Information regarding the names of such persons and their respective interests in Phillips 66, by securities holdings or otherwise, is available in the Proxy Statement, which was filed with the SEC on April 8, 2025, including in the sections captioned “Beneficial Ownership of Phillips 66 Securities” and “Appendix C: Supplemental Information Regarding Participants in the Solicitation.” To the extent that Phillips 66’s directors and executive officers who may be deemed to be participants in the solicitation have acquired or disposed of securities holdings since the applicable “as of” date disclosed in the Proxy Statement, such transactions have been or will be reflected on Statements of Changes in Ownership of Securities on Form 4 or Initial Statements of Beneficial Ownership of Securities on Form 3 filed with the SEC. These documents are or will be available free of charge at the SEC’s website at www.sec.gov.
    Use of Non-GAAP Financial Information
    Non-GAAP Measures—This news release includes non-GAAP financial measures, including, “adjusted EBITDA” and “refining adjusted controllable costs.” These are non-GAAP financial measures that are included to help facilitate comparisons of operating performance across periods and to help facilitate comparisons with other companies in our industry. Where applicable, these measures exclude items that do not reflect the core operating results of our businesses in the current period or other adjustments to reflect how management analyzes results. Reconciliations to, or further discussion of, the most comparable GAAP financial measures can be found within or at the end of the news release materials.
    This news release also includes forward-looking non-GAAP financial measure estimates such as, but not limited to “adjusted EBITDA” and “refining adjusted controllable costs” which, as used in certain places herein, are forward looking non-GAAP financial measures. These forward-looking estimates or targets depend on future levels of revenues and/or expenses, including amounts that could be attributable to non-controlling interests or related joint ventures, which are not reasonably estimable at this time. Accordingly, reconciliations of these forward-looking non-GAAP financial measures to the nearest GAAP financial measure cannot be provided without unreasonable effort. Below are definitions of these non-GAAP measures and identification of the most directly comparable GAAP measure.
    EBITDA is defined as estimated net income plus estimated net interest expense, income taxes, and depreciation and amortization. Adjusted EBITDA is defined as estimated EBITDA plus the proportional share of selected equity affiliates’ estimated net interest expense, income taxes, and depreciation and amortization less the portion of estimated adjusted EBITDA attributable to noncontrolling interests. Net income is the most directly comparable GAAP financial measure for the consolidated company and income before income taxes is the most directly comparable GAAP financial measure for operating segments. Refining adjusted controllable cost is the sum of operating and SG&A expenses for our Refining segment, plus our proportional share of operating and SG&A expenses of two refining equity affiliates that are reflected in equity earnings of affiliates. The per barrel amounts are based on total processed inputs, including our proportional share of processed inputs of an equity affiliate, for the respective period.
    References in this news release to shareholder distributions and returns to shareholders refer to the sum of dividends paid to Phillips 66 stockholders and proceeds used by Phillips 66 to repurchase shares of its common stock. References in this news release to “synergies” or “dis-synergies” are supported by management’s estimates and assumptions. These estimates are derived from the Company’s internal projections and other relevant data. However, because these synergies or dis-synergies are not calculated in accordance with generally accepted accounting principles (GAAP), they cannot be directly reconciled to GAAP measures. The Company believes that these non-GAAP measures provide valuable insight into optimization benefits but cautions that such synergies or dis-synergies may not be realized in full or at all.
    Basis of News release—Effective April 1, 2024, we changed the internal financial information reviewed by our chief executive officer to evaluate performance and allocate resources to our operating segments. This included changes in the composition of our operating segments, as well as measurement changes for certain activities between our operating segments. The primary effects of this realignment included establishment of a Renewable Fuels operating segment, which includes renewable fuels activities and assets historically reported in our Refining, Marketing and Specialties (M&S), and Midstream segments; change in method of allocating results for certain Gulf Coast distillate export activities from our M&S segment to our Refining segment; reclassification of certain crude oil and international clean products trading activities between our M&S segment and our Refining segment; and change in reporting of our investment in NOVONIX from our Midstream segment to Corporate and Other. Accordingly, prior period results have been recast for comparability.
    Calculated as the weighted average of Refining (CVI, DINO, DK, MPC, PBF, VLO), Midstream (OKE, TRGP, WMB), and Chemicals (DOW, LYB, WLK) Performance Proxy Peers’ TSR based on the weighting of consensus NTM EBITDA estimates for PSX’s segments.
    Total Shareholder Return (“TSR”) calculated from June 30, 2022 to March 31, 2025.
    Dividend CAGR calculated from initial dividend of $0.20 per share in 3Q 2012 to $1.15 per share in 4Q 2024.
    Permission to use quotations was neither sought nor obtained.
    Calculated as median of % change in price performance of Chemicals peers (DOW, LYB, WLK) between Elliott’s 2023 letter and Elliott’s 2025 letter.
    Last three-year average (2022-2024). “Core Peers” calculated as average of MPC and VLO. “Other Peers” calculated as average of CVI, DINO, DK and PBF. R&M EBITDA calculated as regional net operating margin plus adjustments to reconcile with stated Adjusted Worldwide R&M Adjusted EBITDA. “R&M” includes PSX Refining + PSX Marketing & Specialties segments and is most comparable to MPC and VLO, which report their Refining and Marketing operations as a single segment. A combined Refining and Marketing & Specialties presentation of Adjusted EBITDA is shown for peer comparison only and is not reflective of how the Phillips 66 chief operating decision maker evaluates performance; rather, Refining and Marketing & Specialties are reviewed as two separate operating segments.
    Excludes adjusted turnaround expenses; non-GAAP financial measure. Reconciliation to the nearest GAAP measure can be found in slide 78 of the “Investor Presentation”here. PSX and peers exclude turnaround expense to be comparable; however, peer disclosure on other items e.g., corporate allocations and SG&A, varies and is not directly comparable to PSX methodology, which is inclusive of these items. For further details, refer to pages 16 and 17 of the “Investor Presentation” foundhere.
    Excluding adjusted turnaround expense, post-ceasing of operations at Los Angeles Refinery.
    Based on 2024 Adjusted Total Processed Inputs which include our proportional share of processed inputs of equity affiliates adjusted for projected impacts of cessation of operations of Los Angeles Refinery assuming throughput of 139 MBD at 2024 West Coast region utilization (94%) (~630 MMbbls).

    Source: Phillips 66

    MIL OSI Economics –

    May 10, 2025
  • MIL-OSI Security: Chicago Residents Sentenced to Prison for Stealing Over $100,000 From North Pole Business Through Wire Fraud, Money Laundering Scheme

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    FAIRBANKS, Alaska – Two Chicago residents were sentenced to prison today for their roles in defrauding a North Pole restaurant of over $128,000 from July to August 2022.

    Jacob Centeno, 40, was sentenced to three and a half years in prison and will serve three years on supervised release, while his co-defendant Amber Davila, 36, was sentenced to two years in prison and will serve three years on supervised release.

    According to court documents, in August 2022, the owner of the North Pole restaurant noticed funds missing from a business bank account. The victim discovered that between Aug. 4-9, 2022, all of the funds intended for deposit into the restaurant’s account had been diverted to an unrecognized bank account. The total amount of funds diverted was $128,246.05.

    An investigation revealed that, Centeno and Davila opened and used two shell companies in Chicago to steal the restaurant’s funds. In July 2021, they registered EROS LLC and opened a business bank account for the company. In July 2022, the defendants used stolen personal information to register ORODMEDLINE LLC and opened another business bank account for that company.

    On July 29, 2022, an unknown co-conspirator surreptitiously changed the business bank account information connected to the restaurant to the fraudulent ORODMEDLINE LLC bank account so that the funds could be diverted. An email confirming the account change was sent to the restaurant, but Centeno, Davila and their co-conspirator unlawfully accessed the victim’s email, filled out the confirmation form and returned it to the sender. They then deleted all the email traffic to conceal their actions.

    Centeno and Davila used the stolen funds from the ORODMEDLINE LLC account to purchase over $41,000 in money orders in Chicago. Centeno and Davila deposited the money orders into various personal and business accounts in amounts of less than $10,000 to avoid Bank Secrecy Act reporting requirements, and then moved the money to other accounts to further conceal their scheme.

    Centeno and Davila were indicted in June 2024 and pleaded guilty on Jan. 31, 2025. Centeno and Davila both pleaded guilty to all 16 counts of the indictment.  In handing down the sentence, the Court emphasized the lasting impact the defendant’s conduct will have on the victims in this case.

    “Mr. Centeno and Ms. Davila orchestrated an elaborate fraud scheme from Chicago to steal over $100,000 from a small business in North Pole, Alaska – 3,300 miles away,” said U.S. Attorney Michael J. Heyman for the District of Alaska. “This sentence sends a clear message—we will aggressively pursue and hold accountable criminals in any state who exploit innocent Alaskans for personal gain. I want to thank the FBI and North Pole Police Department for uncovering the truth and delivering justice to the victim.”

    “To fund their own fraudulent lifestyle, the defendants’ complex and interstate fraud scheme involved stealing funds from a local business in North Pole, Alaska, affecting innocent victims along the way,” said Special Agent in Charge Rebecca Day of the FBI Anchorage Field Office. “Today’s sentencings demonstrate that distance and complexity are no barriers to justice for the FBI, the U.S. Attorney’s Office, and our law enforcement partners in Alaska.”  

    The FBI Anchorage Field Office, Fairbanks Resident Agency, FBI Chicago Field Office and North Pole Police Department investigated the case.

    Assistant U.S. Attorney Carly Vosacek prosecuted the case, with significant legal support from the U.S. Attorney’s Office, Northern District of Illinois.

    ###

    MIL Security OSI –

    May 10, 2025
  • MIL-OSI Security: Shaktoolik Man Pleads Guilty to Cyberstalking, Sexually Exploiting a Child

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    FAIRBANKS, Alaska – A Shaktoolik man pleaded guilty today to cyberstalking and sexually exploiting a child to produce child pornography.

    According to court documents, between December 2021 and July 2023, Matthew Jackson, 23, used a phone to send messages to three 15-year-old victims asking them to create and send him pictures and videos depicting sexually explicit conduct. All three victims sent the visuals Jackson requested.

    During that same time period, Jackson also asked an adult victim for nude images. The adult victim sent Jackson nude images as requested. Jackson then began harassing and threating the adult victim via messaging platforms. Jackson alleged he could make money by selling the images, and that he would sell them if the adult victim refused to engage in sexual intercourse with him.

    He is scheduled to be sentenced on Aug. 22, 2025, and faces a between 15 years and life in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    U.S. Attorney Michael J. Heyman for the District of Alaska and Special Agent in Charge Rebecca Day of the FBI Anchorage Field Office made the announcement.

    The FBI Anchorage Field Office, with assistance from the Alaska State Troopers, investigated the case.

    Assistant U.S. Attorney Carly Vosacek prosecuted the case.

    ###

    MIL Security OSI –

    May 10, 2025
  • MIL-OSI Security: Ivorian Men Arrested for International “Sextortion” and Money Laundering Scheme Resulting in Minor’s Death

    Source: United States Department of Justice

    Four men in Côte d’Ivoire have been arrested on criminal charges relating to their role in an international “sextortion” scheme that targeted thousands of victims, including minors, throughout the United States, Canada, United Kingdom, France, Spain, and Italy.

    In February 2022, Ryan Last, a 17-year-old high school senior from San Jose, California committed suicide hours after being sextorted online by an individual pretending to be a 20-year-old woman. Through a lengthy, coordinated investigation involving U.S. and Ivorian law enforcement, the evidence ultimately led law enforcement to identify Alfred Kassi, an Ivorian citizen living in Côte d’Ivoire, as the individual allegedly conducting the sextortion. On April 29, Kassi was arrested by Ivorian law enforcement. At the time of his arrest, Kassi allegedly still had the sextortion messages he sent to the 17-year-old victim in February 2022 on his phone.

    Additionally, the investigation identified several alleged money laundering accomplices who helped Kassi move the money he received from the 17-year-old victim, who had paid $150 in order to prevent his intimate images from being disseminated. One of those alleged money launderers is Oumarou Ouedraogo, who was arrested by Ivorian law enforcement on April 25. In addition, Ivorian law enforcement arrested two other individuals, Moussa Diaby and Oumar Cisse. Both Diaby and Cisse were part of Kassi’s alleged sextortion network and admitted to their own sextortion crimes. A U.S.-based accomplice, Jonathan Kassi (unrelated to Alfred Kassi), was convicted in 2023 in a California State Court and sentenced to 18 months in jail.

    The government of Côte d’Ivoire does not extradite its own citizens, so these defendants will be prosecuted in their own country under Ivorian cybercrime statutes.

    Matthew R. Galeotti, Head of the Justice Department’s Criminal Division, Acting U.S. Attorney Patrick D. Robbins for the Northern District of California, and Acting Assistant Director Darren Cox of the FBI’s Criminal Investigative Division made the announcement.

    The FBI is investigating the case, with substantial assistance from the San Jose Police Department, the U.S. Embassy in Abidjan, and Meta, which provided critical information that assisted with the identification of the offenders. The government of Côte d’Ivoire, specifically the Anti-Terrorist Operational Intelligence Center (CROAT), conducted the investigation and arrests in Côte d’Ivoire.

    Trial Attorney Austin M. Berry of the Criminal Division’s Child Exploitation and Obscenity Section and Assistant U.S. Attorney Marissa Harris for the Northern District of California provided legal support throughout the investigation, including compiling and presenting the evidence to Ivorian authorities.  

    If you, your child, or someone you know is being exploited via sextortion, contact your local FBI field office, call 1-800-CALL-FBI (1-800-225-5324), or report it online at the Internet Crime Complaint Center (IC3). Additional resources can found at Financially Motivated Sextortion — FBI

    All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

    May 10, 2025
  • MIL-OSI USA: Congressman Valadao Introduces Legislation to Expand Domestic Energy Production

    Source: United States House of Representatives – Congressman David G Valadao (CA-21)

    WASHINGTON – Today, Congressman David Valadao (CA-22) joined Reps. Jen Kiggans (VA-02), Andrew Garbarino (NY-02), Mark Amodei (NV-02), and Dan Newhouse (WA-04) in introducing the Certainty for Our Energy Future Act. This legislation would provide some much-needed clarity surrounding renewable energy projects and ensure our nation’s resources do not enrich adversarial nations.

    “The Central Valley is leading the way in renewable energy production, and our communities deserve policies that provide stability and certainty for the future,” said Congressman Valadao. “The Certainty for Our Energy Future Act preserves the clean energy tax credits farmers and energy producers rely on, while phasing out long-term subsidies for technologies that can now stand on their own. I’m proud to join my colleagues in introducing this bill to expand domestic energy production and keep the door open for new technologies to grow and compete.”

    “The Certainty for Our Energy Future Act is a critical step toward aligning our clean energy priorities with today’s economic and national security realities,” said Congresswoman Kiggans. “By responsibly phasing out subsidies for technologies like wind and solar, and ensuring foreign adversaries like China and Russia can’t exploit American tax benefits, we are safeguarding both our energy independence and our taxpayers. Energy security is national security, and the bottom line is that in order to increase American energy dominance, we need to protect as much production and innovation as possible. I am proud to introduce this legislation and help secure America’s energy future!”

    “Certainty for the energy industry is essential to securing American energy dominance, driving innovation, and lowering costs for consumers,” said Congressman Garbarino. “The Certainty for Our Energy Future Act provides the predictability businesses need to invest with confidence while protecting taxpayers from foreign threats. I look forward to working with my colleagues to responsibly deliver on the President’s energy agenda and meet our nation’s growing energy demand with a stronger, more secure energy future.”

    “America’s path to energy independence must involve an all-of-the-above clean energy approach that puts American manufacturers at the center,” said Rep. Amodei. “By excluding foreign adversaries from tax benefits and prioritizing American innovation, we are one step closer to a more secure and self-reliant energy future.”

    “The United States has the opportunity to lead the world in clean energy production while lowering costs for consumers,” said Congressman Newhouse. “By phasing out tax incentives supporting wind and solar projects, Congress can provide long-term certainty to utilities and investors. This legislation provides critical protections to ensure federal investments are not being utilized by foreign adversaries, including Communist China. I thank Rep. Kiggans for her leadership as we work to ensure American clean energy is safe, reliable, and affordable as new forms of energy emerge.”

    “CRES is grateful for the leadership of Reps. Kiggans, Valadao, Newhouse and Amodei on introducing the Certainty for Our Energy Future Act,” said Citizens for Responsible Energy Solutions. “Right sizing policies in parallel with offering business and investment certainty is both critical and commonsense.  As America seeks to beat China in the global AI race, legislation like this strengthens our nation’s competitive edge while also ensuring American energy remains abundant and affordable.”

    “ACP commends Reps. Kiggans, Garbarino, Valadao, Newhouse, and Amodei for introducing the Certainty for our Energy Future Act. The Act ensures that we protect business certainty for projects currently under planning and development and offers a very constructive starting point for discussions on the clean energy tax credits. With electricity demand projected to increase by up to 50% over the next 15 years, we need an all-of-the-above energy strategy. This legislation helps provide a roadmap to lawmakers as they continue to address this important issue,” said Frank Macchiarola, Chief Advocacy Officer, American Clean Power Association.

    “As electric companies work to meet growing customer demands for electricity and to strengthen our nation’s energy security, we must have policy certainty. We are grateful to Reps. Kiggans, Amodei, Garbarino, Newhouse, and Valadao for their ongoing leadership and for recognizing that clear timelines for tax credits and access to tools like transferability support investment in critical energy infrastructure, while helping to keep costs to customers as low as possible,” said Edison Electric Institute interim President and CEO Pat Vincent-Collawn. “We look forward to continuing to work with Reps. Kiggans, Amodei, Garbarino, Newhouse, Valadao, and other leaders in Congress as they deliberate on tax policy changes that could impact the costs customers pay for electricity.”

    The Certainty for Our Energy Future Act would:

    • Extend the 45Y and 48E tax credit for solar and wind projects with a phase out in 2030.
    • Ensure safe harbor rules apply for 10 years on public lands and 4 years everywhere else—codifying rules already in effect.
    • Restrict or disqualify companies created, organized, or owned by foreign entities of concern (FEOC) from claiming energy tax credits. FEOCs include China, Russia, Iran, and North Korea.

    Read the full bill here.

    ###

    MIL OSI USA News –

    May 10, 2025
  • MIL-OSI: ProvisionAi Webinar: Cost Savings and Driving Success – Insights from Scott DeGroot

    Source: GlobeNewswire (MIL-OSI)

    FRANKLIN, Tenn., May 09, 2025 (GLOBE NEWSWIRE) — ProvisionAi recently hosted an exclusive webinar titled “Cost Savings and Driving Success,” featuring Scott DeGroot, former VP of Global Planning at Kimberly-Clark and current Adjunct Lecturer and Researcher at the University of Tennessee’s Haslam College of Business Global Supply Chain Institute. Moderated by Robert Bowman, Editor-in-Chief of SupplyChainBrain, the webinar offered participants key strategies and real-world insights into achieving significant supply chain improvements.

    In this engaging discussion, DeGroot shared actionable lessons from his successful experiences implementing innovative supply chain strategies that reduced costs, enhanced operational efficiency, and enabled strategic reinvestment in advanced technological systems.

    Key topics covered during the webinar included:

    • Obtaining IT support for supply chain transformation
    • Rapid deployment and leveraging AI-driven supply network planning solutions
    • Using initial successes to identify and seize further business opportunities

    Participants gained practical insights into:

    • Data-Driven Cost Reduction: Utilizing analytics for increased efficiency and waste reduction.
    • AI-Driven Performative Analytics: Enhancing operational efficiency through AI solutions.
    • Strategic Reinvestment: Turning cost savings into investment opportunities for future innovations.

    The initiatives discussed demonstrated notable benefits, including reduced transportation costs, optimized carrier utilization, improved On-Time In-Full (OTIF) delivery rates, and funded further investments in supply chain technology.

    The recorded webinar is now available for viewing at SupplyChainBrain.

    For more information about ProvisionAi and future webinars, please visit www.provisionai.com.

    About ProvisionAi ProvisionAi provides advanced, AI-driven logistics solutions that dramatically improve supply chain performance, reduce costs, and enhance sustainability. Its innovative platforms empower companies to optimize logistics processes and achieve long-term operational excellence.

    Media Contact:

    Tom Moore
    tom.moore@provisionai.com
    Cell: +1 615 417-9591
    ProvisionAi.com

    The MIL Network –

    May 10, 2025
  • MIL-OSI: Alaris Announces the Trustee Election Results from its Unitholder Meeting

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION IN THE UNITED STATES.
    FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.

    CALGARY, Alberta, May 09, 2025 (GLOBE NEWSWIRE) — Alaris Equity Partners Income Trust (“Alaris” or the “Trust“) (TSX:AD.UN) is pleased to announce the results of voting on the election of trustees at its annual general meeting of unitholders held on May 9, 2025. Each nominee trustee recommended by management and listed in the Trust’s information circular and proxy statement dated March 20, 2025, was elected as a trustee for a term ending at the next annual meeting of unitholders. The results of the voting for each individual trustee are set forth below:

      Trustee   For   Withhold
      Peter Grosskopf   10,302,433 (99.18%)   85,658 (0.82%)
      Stephen King   10,315,001 (99.30%)   73,090 (0.70%)
      Robert Bertram   9,990,402 (96.17%)   397,689 (3.83%)
      Sophia Langlois   10,004,440 (96.31%)   383,651 (3.69%)
      Kim Lynch Proctor   10,006,357 (96.33%)   381,734 (3.67%)
      Felix-Etienne Lebel   10,287,127 (99.03%)   100,964 (0.97%)
      Sarah Hughes   10,298,610 (99.14%)   89,481 (0.86%)
     

    Final voting results on all matters voted on at the meeting will be filed on SEDAR+ (www.sedarplus.ca) under Alaris’ profile later today.

    For more information please contact:
    Investor Relations
    P: (403) 260-1457
    ir@alarisequity.com  

    About Alaris:

    The Trust, through its subsidiaries, invests in a diversified group of private businesses (“Private Company Partners“) primarily through structured equity. The primary goal of our structured equity investments is to deliver stable and predictable returns to our unitholders through both cash distributions and capital appreciation. This strategy is enhanced by common equity positions, which allow us to generate returns in alignment with the founders of our Private Company Partners.

    The MIL Network –

    May 10, 2025
  • MIL-OSI USA: Making Community College Free for Adult New Yorkers

    Source: US State of New York

    overnor Kathy Hochul today signed new legislation as part of the FY26 Enacted Budget to make major investments and enact initiatives to increase access to higher education. This legislation creates new pathways for free community college and takes key steps to expand access to financial aid and invest in State University of New York and City University of New York campuses.

    “When my dad got his college degree, our family’s life was changed forever – I want every New York student to have that opportunity,” Governor Hochul said. “I am proud to announce that with the passage of this budget, New Yorkers now have the chance to pursue a free associate degree at SUNY and CUNY community colleges to help fill the in-demand jobs of tomorrow.”

    Free Community College in High-Demand Occupations

    The FY 2026 Budget provides $47 million ($28.2 million SUNY, $18.8 million CUNY) to cover the remaining cost of tuition, fees, and books for community college students ages 25-55 pursuing select associate degrees in high-demand occupations, including nursing, pathways into teaching, technology and engineering.

    Investments in SUNY and CUNY Campuses

    The FY 2026 Budget provides $307 million in new State support for SUNY State-operated campuses ($138 million) and CUNY senior colleges ($169 million). This funding includes:

    • $244 million in general operating support ($114 million SUNY, $130 million CUNY)
    • $22 million in increased funding for university employee fringe benefits at CUNY
    • $20 million for ACE and ASAP, which support academic and career advisement, tuition grants, textbooks, and transportation costs ($12 million SUNY, $8 million CUNY)
    • $15 million in artificial intelligence investments ($10 million SUNY, $5 million CUNY)
    • $2 million for the CUNY School of Labor and Urban Studies
    • $1.5 million for the CUNY Mexican Studies Institute
    • $1 million for the Regional Gun Violence Research Consortium at SUNY
    • $750,000 for the First Responder Counseling Scholarship Program at SUNY.
    • $250,000 for the Carol Robles Román Scholarship at CUNY

    In addition, the Budget provides SUNY Downstate with $100 million of operating support, for a total of $200 million over two years.

    The Budget also provides SUNY and CUNY with significant capital investments:

    • $433 million for research facilities at SUNY state-operated campuses ($300 million) and CUNY senior colleges ($133 million)
    • $979 million for other projects at SUNY state-operated campuses ($610 million) and CUNY senior colleges ($369 million)
    • $900 million for modernization and revitalization of SUNY hospitals ($450 million each for Upstate Medical University and Downstate Medical University)
    • $166 million for community colleges ($131 million SUNY, $35 million CUNY)
    • $25 million to establish the Green Energy Loan Fund at SUNY

    Part-Time TAP Program

    The FY 2026 Budget consolidates the three existing State financial aid programs for part-time students, expanding eligibility for part-time TAP to students taking a minimum of three credits per semester, down from six. This builds on Governor Hochul’s historic expansion of the Tuition Assistance Program in the FY 2025 Enacted Budget.

    MIL OSI USA News –

    May 10, 2025
  • MIL-OSI United Kingdom: Thompsons Lecture: Employment law and the fundamental right to security

    Source: United Kingdom – Executive Government & Departments

    Speech

    Thompsons Lecture: Employment law and the fundamental right to security

    On Thursday 8 May 2025, the Attorney General Lord Hermer KC delivered the Thompson Foundation Lecture on “Employment law and the fundamental right to security”

    Introduction

    Thank you very much for this opportunity to celebrate the remarkable legacy of Thompsons Solicitors, a firm that has been a beacon of justice for over a century.

    One of the features of my new life in government is that you are often give a very clear steer about what you have to talk about, so it was a particular pleasure to be invited to give a lecture with no title, and no particular ask as to what I should talk about at all – so let me thank you all for accepting an invitation to a lecture in which I suspect you have no idea at all about what I am about to say.

    In the first days of government, the Prime Minister, in an article entitled ‘Our Government of Service’, set out how the first obligation of government is to provide security to those that they serve. By security, Keir, was not limiting himself to the military defence of our country but also security in the wider sense – drawing on his own life experience, Keir described seeing the security that his parents derived from having their own home, a pebble-dashed semi in Oxted – the security and dignity that comes with a key to your own home. But Keir went on to say this “It’s not just security at home that matters, but security at work. That’s why we will level-up rights at work to deliver security and dignity for working people. It’s what they deserve.”

    The right to security is a fundamental human right, recognised in all the international human rights treaties which the UK has chosen to sign up to.

    It also underpins many of the Government’s missions in its Plan for Change, and that Plan for Change is premised on the central insight that effective protection of people’s right to security often requires positive state action to protect the vulnerable against the privately powerful. Security at work is a principle that the has been fought for by generations [Redacted political content] – they have time and time again taken on vested interests to secure basic rights for working people, often with the help of lawyers such as Thompsons.

    So, what I would like to do tonight is to seize this moment when the human right to security is central to the Government’s priorities and talk about the role that law can play in improving the security of working people in the workplace – how it plays a role as a standard setter for societal expectations of what is acceptable, what is not – what requires protection, and what does not.

    And I would also like to talk about the role of lawyers in ensuing that protective laws are applied effectively and consistently- as well as ensuring that those who break the law are held to account and those workers who suffer as a result are adequately compensated – and I want to exemplify this by taking as my central theme our current efforts to bring the Employment Rights Bill into law in the context of attempts by reforming governments of the past to bring in radical change for the benefit of the people of this country.

    This is, I hope both a timely theme and appropriate venue for such a talk.

    It’s timely because the Employment Rights Bill is currently winding its way through Parliament. This is I believe landmark legislation that will significantly advance the human right to security by fundamentally changing workers protections.

    Yet it is also legislation that faces sustained and alarmist criticism from sectors of society and our opponents in parliament who claim that (at best) it will curtail the UK’s competitiveness and (at worst) will bring the economy to a juddering halt. What I would like to do in part tonight is put these criticisms in their historical context – to show that these voices have always been present whenever reforming governments have sought to introduce progressive policies to make the lives of working people more secure but that these voices have consistently been shown to be misplaced.

    I also think that the Thompson’s lecture is the perfect venue to talk about how Government intends to change working life for the better. Founded in 1921 by the visionary civil rights lawyer, Harry Thompson (who also once lived in Oxted for which I thank Wikipedia), this firm has always championed the rights of the injured and mistreated. The firm is an inspiring illustration of how the law can be used as a powerful tool to protect and uplift working people.

    Driven by a profound commitment to social justice since its inception, Harry Thompson’s vision was clear: to create a legal practice that would serve as a shield for those who faced adversity and injustice. It has achieved this in large part through working in partnership with trade unions. The history of labour law in this country, the history of the establishment of the fundamental rights of labour to organise itself, the history of protections in the workplace and the history of the creation of employment rights, is the history of our trade union movement. That history is a source of immense national pride and Thompsons have realised a shared vision through partnership in tireless advocacy, groundbreaking legal victories, and unwavering dedication to the cause of justice and fairness.

    My own connections with Thompsons extend back decades to my early years at the Bar. When I started at the Bar, instructions from Thompsons were a form of golden ticket to not only legally interesting cases but ones that made real differences to people’s lives.

    To just pick two examples of cases that will always stay with me – Mick Antoniw, then a partner in the Cardiff office, now an Member of the Senedd and former Counsel General of Wales, instructed me to work with him on a tragic case of a 17 year old, Daniel Dennis, who on his very first day of work was sent up to work on a roof of a warehouse in Cwmbran without training or safety equipment. Daniel fell to his death and Thompsons worked tirelessly to ensure justice for his family, overcoming a deeply disappointing and unfair inquest result, successfully judicially reviewing a CPS decision not to prosecute his employer leading eventually to his conviction for manslaughter of that employer. Working in partnership with a bereaved family, Thompsons took on the company, took on the coronial system, took on the CPS in a successful fight for justice and it was a privilege to be part of it.

    In another case, I was instructed by Thompsons to represent the family of a young council workers, Ryan Preece and Robert Simpson, who had been sent down into the sewers in Crymlyn Burrows near Swansea to unblock drains only to be overcome and killed by fumes. A long inquest and subsequent civil claims including a group action showed that the cause of death was exposure to a covered-up spill from a nearby chemical factory – a coroner’s jury after many days returned an unlawful killing verdict and the company were forced to pay compensation, and Local Authority employers pleaded guilty to offences under the Health & Safety Act. It was a long, hard legal battle fought for the seemingly powerless against large vested interests who at one stage would have appeared invincible – the type of work for which Thompsons is famed and no doubt of which Harry Thomspon would have been proud. This was in the late 1990’s and I was instructed by a young, brilliant and utterly committed solicitor at Thompsons by the name of Jo Stevens, now a cabinet colleague and Secretary of State for Wales – applying those same qualities in her new job to the benefit of all of us.

    Enough of the reminiscing – let me turn to the substance of tonight’s talk.

    The Employment Rights Bill –

    As we know all too well, more than four million people in the UK are in precarious employment, with over one million employed on zero-hours contracts. Millions more lack access to proper sick pay schemes, leaving them vulnerable and unsupported in times of need.

    Wage growth under the previous government was worse than any other period since the 1920s. This stagnation has had a profound impact on our collective living standards, making it harder for working families to make ends meet.

    The government is now taking significant steps to address these issues through the introduction of new workers’ rights laws via the Employment Rights Bill, as I said, currently being debated in Parliament.

    This plan to make people’s lives less precarious, by making work pay, was developed in collaboration with both unions and business and as our Deputy Prime Minister Angela Rayner said, on the Bill’s introduction, this is the biggest upgrade to rights at work for a generation, boosting pay and productivity with employment laws fit for a modern economy.

    It is a long, hugely ambitious Bill whose impact reaches across many aspects of working life and working conditions, so I will not dwell on every aspect but allow me to highlight some particular measures:

    As an aside, time and time again, there are some people saying we aren’t doing anything to help real people. As I was typing away at this speech, I reminded myself of how excellent this Bill is.

    First are a raft of measures designed to provide far greater guarantees for working people – addressing the scourge of the lack of security that so many in our society feel from zero hours contracts, lack of guaranteed hours, lack of day-one rights etc, standards that most would consider reflect basic decency. The Bill will:

    • introduce new rights to guaranteed hours, reasonable notice of shifts and compensation payments for shift cancellation, and for movement and curtailment at short notice for those on zero and other specified contracts
    • provide a right to request flexible working, remove the waiting period and lower earnings limit which apply in relation to statutory sick pay and strengthen protections in relation to tips and gratuities.

    Second the Bill will address the economic inequalities faced by women at work, manifested through higher levels of poverty and lack of financial independence, which evidence shows are linked to another area of government priority namely addressing violence against women and girls.

    The Bill:

    • provides a right to parental leave from day one of employment. It introduces provisions to require employers to take all reasonable steps to prevent sexual harassment at work and to prevent harassment at work by third parties.
    • It’ll make sure whistleblowing protections are extended to apply to disclosures relating to sexual harassment.
    • It introduces workplace support for women going through menopause

    Third, the Bill will modernise trade union legislation giving trade unions greater freedom to organise, represent and negotiate on behalf of their workers. This includes:

    • Repealing the Strikes (Minimum Service Levels) Act 2023, a punitive piece of legislation that set trade unionists’ rights back decades.
    • Strengthening trade unions’ right of access, including providing for digital access, allowing unions to operate more effectively.
    • Simplifying the trade union recognition process, including providing better access arrangements for unions and dealing more effectively with unfair practices.
    • Introducing new rights and protections for trade unions representatives.
    • And finally introducing a duty for employers to inform workers of their right to join a trade union. This is vital, because employers should not withhold information from workers that grants them greater protection- which joining a union does

    Fourth, is a point of critical importance – though under-reported – is the focus on enforcement of these new rights. The Bill will establish the Fair Work Agency, which will bring together the enforcement of domestic agency rules, the National Minimum Wage, licensing of gangmasters, and action against serious labour exploitation. It will also take on additional functions such as the enforcement of holiday pay. Its new powers will allow it to investigate, inspect and take action against businesses that are flouting the law. These include powers to investigate a wider range of cases of labour abuse, issue penalties, and bring cases to the employment tribunal on the behalf of workers.

    If delivered in full, this bill will benefit over 10 million workers, including many on low incomes. This is not just about improving individual lives; it’s about creating a fairer, more just society where all of us has the opportunity to thrive, and the privately powerful cannot exploit the vulnerable.

    The reaction to the Bill has been for the most part extremely positive. YouGov polling showed that 68% of the country were in favour of banning zero hours contract, 65% want to see the right to work flexible hours expanded and 62% are in favour of employment protections from day one. The reaction from business was also supportive – for example the Chief Executive of Centrica said this: “This isn’t just the right thing to do – its a foundation for the high growth, high skill economy the UK needs. While no one business has all the answers, our experience [at Centrica] show that our business thrives when our people thrive – so stronger rights for workers means stronger businesses, and that’s a win for everyone.”

    The Pushback

    Yet – although this Bill is self-evidently for the benefit of millions of working people, the reaction to it in some quarters has taken an often apocalyptic/feverish tone.

    A recent newspaper headline trivialised the significance of this Bill in ordinary workers’ lives, declaring that the Government believes a “Pub ‘banter ban’ is needed so anxious staff can feel safe at work […] and warned it could let workers ‘sue employers for hurt feelings’.”

    This, it turns out, refers to the Bill’s requirement that employers to take all reasonable steps to prevent harassment of their staff by third parties.

    An opposition peer claimed that the “Workers’ rights bill will bring back ‘chaos of the 1970s’.” The Institute for Economic Affairs says that the Bill would stifle economic growth while hurting the very workers the Bill intends to protect. This is scaremongering, again seeking to distract from the benefits that workers stand to gain.

    There has been some concern about the costs involved and of course I recognise that is entirely legitimate for business leaders to seek detail on what changes mean for them.

    But the answer to this, as very many businesses big and small appreciate, is that improving worker well-being, reducing workplace conflict, and creating a more level playing field for good employers has the effect of increasing productivity – and we consider will lead to benefits worth billions of pounds a year. To give an insight on this, the Bill as I have described seeks to make work a safer and better place of work for women – obviously vitally important in itself but with huge potential impact on our growth agenda in the context of evidence showing that an increase in employment of women by 5% adds £125billion a year to the economy. That type of benefit is why as TUC research shows there’s strong backing among managers for better workers’ rights – a clear majority believe they will improve workforce retention, profits and productivity.

    But despite the values in this Bill, despite the evidence of positive impact on working people’s lives and on productivity –– there are those on the opposite benches in parliament who continue to claim that the Bill will be a drag on the economy.

    Then: resisting progressive legislation

    As a history graduate, I have a natural bias in believing that contemporary problems benefit from analysis in their historical context. Here, it is not simply interesting but instructive to see how the current criticisms of the Bill mirror attacks on earlier reforms to the improve the lives of working people. That is because it demonstrates that not simply were past reforms not nearly as damaging as the doomsayers predicted, not simply did they markedly improve the lives of millions of working people, but they were actually stimulants rather than drags on the economy.

    The history of social reform, legislation aiming to give ordinary people the most basic of rights, is littered with examples of doomsaying – that they would crash the economy or give rise to any number of social ills. Criticism in almost exactly the same terms as today and equally as misplaced.

    Let me start with an Act that predates the formation of the Labour Party, indeed was passed by the conservative government of Lord Salisbury, namely the Workmen’s Compensation Act 1897 a landmark British law that established the principle of employer liability for workplace injuries irrespective of fault and mandated insurance in place to pay for compensation.

    The 1897 Act covered industrial workers, including those in railways, mining, quarrying, factory work, and laundry work – work in which safety standards were minimal and the rate of injuries high – at a time in which injured workers and their families had no meaningful support from the state – indeed it was still 30 years still before the abolition of the poor house .

    And yet, the introduction of the legislation met opposition painting a dystopian picture of the consequences of compensating workers irrespective of fault – in particular an argument was advanced that it would lead to a massive drop in production because it was feared workers would deliberately chose to injure themselves in order to receive compensation. The Mining Association particularly objected to being, in their own words ‘selected for an experiment in legislation of the most novel and revolutionary character’.

    The argument made by one Geoffrey Drage MP, to understand the level of outrage in the House of Commons. Drage was a former secretary of the Royal Commission on Labour Relations and in the parliamentary debate listed issues that had arisen when a similar bill was passed in German. In short, Drage believed that to give a right of compensation would lead to endless false claims from workers and the massive reduction in productivity – in other words, workers were simply not to be trusted with basic rights.

    First, Drage said there had been “a remarkable increase in the number of industrial accidents in Germany” as “the working men showed increased carelessness, and, what was far more serious, an amount of negligence and malingering hitherto absent”.

    Second, he argued that “The workman in Germany had shown no scruples in preying on the [insurance] funds.” Drage suggested these new insurance schemes created an “extreme resentment” amongst the working classes if there were any delays or refusals for payouts, and in a lie echoed by the IEA today that “in the long run, the expense would be borne by the working classes, either as wage-earners, or as consumers, or as taxpayers.”

    Finally, Drage warned “that employers would not subscribe to charitable purposes so liberally as before” and that “a scheme of this kind would press heavily on the small employer, who was gradually being crushed out of existence.”

    In summary, the London Evening News (11/05/1897) recorded Geoffrey Drage’s views as denouncing the Bill “as a measure destructive of social peace in the industrial world.” All of this, scaremongering and hyperbole in response to the proposal that injured workers should have a right to compensation in an economy with no social safety nets beyond the Poor House.

    The Trade Boards Act 1909 represented a state-driven effort to control low pay, the first for virtually a century. It is a fitting Act to recall on VE day because it was introduced by the then President of the Board of Trade, Winston Churchill who when introducing the Bill said “it is a serious national evil that any class of His Majesty’s subjects should receive less than a living wage in return for their utmost exertions”. That’s 1909. The Bill established trade boards with the authority to set legally enforceable minimum wages.

    These boards consisted of representatives from workers, employers, and appointed government members – somewhat revolutionary when one considers that the Act came into force only a few decades after collective bargaining and strike action were finally decriminalised.

    So trenchant was the criticism of the Boards and the introduction of a power to set minimum wages that the Government set up the Cave Commission at which some employers argued that the Boards were the source of huge economic damage – as the Labour MP Rhys Davies noted in the House the arguments were akin to those where employers in the cotton mills of Lancashire used to say, nearly a century ago, that if you took away children of eight and ten years of age from the textile industry, that industry could not possibly be carried on at a profit, and the statements made by employers, particularly in the distributing and allied domestic trades, before this Cave Commission, are just of that type which are made from age to age by bad employers in all parts of the world

    By way of aside, then, as now, immigrants received much of the blame for stifling economic opportunities for domestic workers. In what was not, I suggest a high point for a trade union leader, John Burnett’s report on London’s East End, stated that Jewish immigrants, through their competition for work, reduced native labour to the verge of destitution. I pause to reflect that very few contemporary political moments do not have political and historical resonance.

    More surprising still for contemporary tastes is the opposition mounted to the Equal Pay Act 1970, ground-breaking legislation that I am sure for many of us here will be forever associated by the late, great Labour giant, Barbara Castle.

    It came into full effect in 1975, laying the groundwork for further advancements in gender equality and a precursor to the more comprehensive Equality Act 2010. The notion that women should receive equal rights in the workplace was not simply opposed by many, but was portrayed as a threat to very existence of ordered society.

    I quote directly from Martin Maddan MP in the Commons:

    If we invest highly in the training of all women, will there then be pressure on those women to continue their careers rather than to have children?” … “There is evidence that working mothers, especially those working full-time, may become less sensitive to the emotional and psychological, as well as the physical, needs of their children… Today’’s grandmothers are used to looking after children all day. What will be the position with tomorrow’’s grannies who have not devoted themselves to looking after children?

    Similarly, the implementation of minimum wage legislation in the 1990s was fiercely contested by employers who predicted economic ruin and job losses.

    A choice headline from the Daily Express in May 1998 shouted:

    Bosses wage war” – Jobs will be lost if a national minimum wage is brought in, bosses warned yesterday. Small firms groups said staff in pubs, petrol stations and the textile industry would face lay-offs. Industry chiefs and Tory MPs also warned that the figure of £3.60 an hour, proposed by the Low Pay Commission, could stoke inflation.

    The CBI argued until 1995 that a minimum wage – even if low – would create major problems for wage structures in a wide range of companies and destroy opportunities. That hasn’t aged well.

    [Redacted political content]

    So, despite dire warnings, the minimum wage has proven to be a success, raising living standards without the predicted negative impacts on employment. And it was a great moment last month to be part of a Government where we were able to raise the national minimum wage by £1,400 a year for a full-time eligible worker and a record cash increase for young workers and apprentices.

    Takeaways

    This is no more than a light touch review that can never aspire to even begin to do justice to the two hundred plus years of the modern struggle to establish basic labour rights in this country, the right to a union, the right to collective bargaining, the right to fair wages, the right to be safe in the workplace, the right not to be discriminated against in the workplace – and indeed the associated struggles to create, through law, the welfare state to support those unable to work through reasons of injury, infirmity, age or in times of economic hardship. At each turn these have been opposed, as now, by forces that sought to paint them, as existential threats to the economy and or our way of life, developments now accepted as having been of enormous benefit to the wealth as well as health of the nation.

    Let me then turn to this history of success in face of fierce opposition and seek to draw out five observations about the nature of law in the protection of working people, about the role of lawyers and finally to outline the political moral underpinnings of what the current Bill represents in the context of what has come before it.

    My first observation is how law, specifically in the form of legislation can radically change for the better what we as a society consider to be acceptable behaviour – it lifts us up and sets standards. Of course, there will always be a wide variety of reason why societal attitudes change over time but legislation is most certainly capable of playing its role. Here the struggles of the trade union movement, realised in the last 100 years most materially by Labour governments, has been to legislate in order to entrench into society standards of behaviour that at the time may have seen radical, indeed revolutionary but shortly thereafter were accepted as little more basic rights.

    The coming into force of these laws has of itself helped inform and change societies conception of what is right and what is wrong in the workplace. In the classroom this would be defined as a normative theory of law – how legal frameworks help set standards – it’s real world application has led to a fundamental change about how we perceive the nature of work and the value we attach to labour and the protections that working people must be afforded as part of their rights.

    My second observation is how this system of laws has brought enormous practical benefits to ordinary working people – drastically improving the quality of life for millions.

    It is at once inspiring and instructive to remind ourselves of the breadth of the ambition of those who brought in these fundamental transformations – the changes wrought by Unions, politicians and campaigners from fighting for the rights of their members, to ensure that people earned enough for their labour to live in dignity, to ensure equality in the workplace, to ensure that that workplaces were safe – these are measures that have had a profoundly positive impact on the quality of life for millions.

    To give one example, The Health and Safety at Work Act 1974, was brought in the wake of the Aberfan disaster, introduced by Michael Foot. It’s success can be measured in a very simple metric, namely the lives and limbs saved: since 1974 occupational deaths and injuries have decreased by over 75%. Considering economic and occupational changes, fatalities at work have declined from 2.9 per 100,000 workers in 1974 to 0.42 per 100,000 workers in 2023-24. The simple fact is that legislation saved lives, limbs, sight and hearing.

    Of course there will always be push back – there will be those who argue that health and safety laws place an unnecessary burden on the economy. Yet, having acted for victims of the Grenfell Tower disaster I was struck how what seemed like a growing trend amongst some sectors of society to mock and ridicule ‘health & safety’ came to an abrupt stop on the night of 14 June 2017. It provides a cruel, stark but unanswerable example of the importance of compliance with health and safety laws and its measured by the converse – the tragic consequences measured in human life when we do not.

    My third observation is the essential role played by lawyers such as Thompsons and many others in the enforcement of this legislative framework and the work that they do to ensure accountability for victims of violations of those laws. A good legal framework is only half the battle – without legal professionals dedicated to ensuring through public law that laws are upheld and rights defended, without legal professionals ensuring through private law that those injured by failures to comply with obligations are adequately compensated then those laws risk becoming ineffective. A right without a remedy is no right at all – and the essential job of labour lawyers, employment lawyers and personal injury lawyers for generations has been to ensure that working people’s hard won legislative gains are capable of vindication and a determined effort to ensure that common law keeps step – the work of these lawyers is an essential part of the system.

    My fourth observation draws from the history of the struggle to secure rights for working people and the determination to deliver notwithstanding the opposition faced. That spirit of determination, to effect real positive change in the lives of millions of people in this country, is what drives this Government to place the Employment Rights Bill at the centre of our agenda of change. Of course we want to make the Bill as good as possible, of course we are not as arrogant to think that every criticism of the Bill during its passage through Parliament has to be dismissed out of hand – but nobody should underestimate on our single minded determination to deliver, borne out of a belief that the changes we seek to bring about will make a real difference to the lives of those we serve.

    None of this I stress should be taken in any sense as being anti-business. To the contrary, under Keir gone are the days in which there was a binary choice between labour and business.

    I passionately believe that good employers recognise, even as matter of enlightened self-interest, that laws which protect the fundamental rights of their workforce are a source of good and lead to greater not less economic productivity. Similarly, I think it is well understood in the labour movement that this country needs an environment in which business flourish, our economy grows and investment flows. Thus we are advancing this package of ambitious change in the Bill at the same time as, and complimentary to, the ongoing work of Rachel Reeves and Jonny Reynolds to boost economic growth and attract investment – in a week we got two trade deals and a Bank of England cut in interest rates. The country has an incredible offer to investors – we are a stable democracy at a time of global uncertainty, we have one of the most advanced economies in the world and are well placed to lead in a changing world not least in AI and green technology, whilst at the same time, as our intervention in Scunthorpe demonstrated, a will not hesitate to act to protect vital parts of our infrastructure.

    A workforce whose fundamental rights are protected by law is a boon to an economy – an economy in which people feel valued, in which legal protections reflect the values in which they are held, is far more likely to be a strong and resilient economy.

    My fifth and final observation is to reflect upon the motivation and principles that lie behind our determination to introduce this Bill which brings me back to the central importance for this Government of the fundamental right to security for the people of this country. The measures are of course about securing increased justice and equality in the workplace but underlying this is a profound belief in the dignity of every human being and an understanding that the role of the State is to ensure that each person is accorded dignity in all aspects of their lives, including where necessary by regulating private power, not least in the realm of employment.

    Our belief in the dignity of each person is also mirrored in our anger at how so many are mistreated in the workplace disdainfully, patronisingly, without respect, belittled and bullied. This belief in the dignity of all drives our determination to ensure that every person is afforded the opportunity to work, that we have the opportunity to realise our potential at work, that we are employed in decent, safe workplaces, that we are protected from exploitation and discrimination and that we are paid a fair wage. We go further – this Bill is designed to empower people to flourish in our workplaces. It recognises that the workplace is one of the most important domains in British citizens’ lives, where we will spend most of our time, and we should be able to flourish in this setting as we do with our families and in our communities.

    The promotion and protection of the dignity of all of us lies at the heart of what the labour and trade union movement fought for decade upon decade.

    As the ILO Constitution puts it, we have “a right to pursue our material well being and spiritual development in conditions of freedom and dignity, of economic security and equal opportunity.”

    [Redacted political content]

    So, to draw all these points together–- A belief in the dignity of all, a commitment to giving practical effect to the human right to security, a sense of boiling anger when those around us are not treated with dignity and respect – and a steely determination to do something about it.

    These are the qualities that no doubt inspired Harry Thompson to create this great firm, that inspired the Trade Union and labour movement to effect fundamental change in society and will continue to be a guiding force for this Labour government, this government of service, in creating the change that this country needs.

    Updates to this page

    Published 9 May 2025

    MIL OSI United Kingdom –

    May 10, 2025
  • MIL-OSI: Information Relating to the Total Number Ofvoting Rights and Shares Forming the Share Capital

    Source: GlobeNewswire (MIL-OSI)

    Bernin, on May 9, 2025

    INFORMATION RELATING TO THE TOTAL NUMBER
    OF VOTING RIGHTS AND SHARES
    FORMING THE SHARE CAPITAL

    (Article L. 233-8 II of the French Commercial Code
    and article 223-16 of the General Regulation of the French financial markets authority (AMF))

    Corporate name and address of the company: SOITEC
    Parc Technologique des Fontaines – Chemin des Franques
    38190 Bernin (FRANCE)

    Statement date Total number of shares forming the share capital Total number of voting rights
    04/30/2025 35,727,041(1) Number of theoretical (gross) voting rights (2): 45,641,678
    Number of exercisable (net) voting rights (3): 45,568,545
    1. 35,727,041 ordinary shares of €2.00 par value each, listed on the Euronext Paris regulated market under ISIN code FR0013227113 and the mnemonic “SOI”.
    1. The total number of theoretical voting rights (or “gross” voting rights) is used as the basis for calculating the crossing of shareholding thresholds. In accordance with article 223-11 of the General Regulation of the French Financial Markets Authority (Autorité des Marchés Financiers – AMF), this number is calculated on the basis of all shares to which single or double voting rights are attached, including shares without voting rights (for example, treasury shares, liquidity contract, etc.).
    1. The total number of exercisable voting rights (or “net” voting rights) is calculated after taking into account the number of shares entitled to double voting rights, and after deduction of the shares without voting rights (for example, treasury shares, liquidity contract, etc.).

    #  #  #

    About Soitec

    Soitec (Euronext – Tech Leaders), a world leader in innovative semiconductor materials, has been developing cutting-edge products delivering both technological performance and energy efficiency for over 30 years. From its global headquarters in France, Soitec is expanding internationally with its unique solutions, and generated sales of 1 billion Euros in fiscal year 2023-2024. Soitec occupies a key position in the semiconductor value chain, serving three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI. The company relies on the talent and diversity of its 2,300 employees, representing 50 different nationalities, working at its sites in Europe, the United States and Asia. Soitec has registered over 4,000 patents.
    Soitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.

    For more information visit our Website and follow us on LinkedIn and X 

    #  #  #

    Attachment

    • DDV April 2025 EN

    The MIL Network –

    May 10, 2025
  • MIL-OSI: Synaptics Announces Fiscal Fourth Quarter 2025 Investor Conference Participation

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., May 09, 2025 (GLOBE NEWSWIRE) — Synaptics® Incorporated (Nasdaq: SYNA) today announced its participation in the following investor conferences in the fiscal fourth quarter of 2025:

    • Ken Rizvi, Interim CEO and Chief Financial Officer, will present at the J.P. Morgan 53rd Annual Global Technology, Media and Communications Conference on Tuesday, May 13, 2024, at 6:30 AM PT. To view the webcast or access a replay, please visit Webcast – 53rd Annual Global Technology, Media, and Communications Conference
    • Ken Rizvi, Interim CEO and Chief Financial Officer, will participate in TD Cowen’s 53rd Annual Technology, Media & Telecom Conference on Wednesday, May 28, 2025
    • Ken Rizvi, Interim CEO and Chief Financial Officer, will participate in Mizuho Technology Conference 2025 on Tuesday, June 10, 2025

    About Synaptics Incorporated:
    Synaptics (Nasdaq: SYNA) is leading the charge in AI at the Edge, bringing AI closer to end users and transforming how we engage with intelligent connected devices, whether at home, at work, or on the move. As a go-to partner for the world’s most forward-thinking product innovators, Synaptics powers the future with its cutting-edge Synaptics Astra™ AI-Native embedded compute, Veros™ wireless connectivity, and multimodal sensing solutions. We’re making the digital experience smarter, faster, more intuitive, secure, and seamless. From touch, display, and biometrics to AI-driven wireless connectivity, video, vision, audio, speech, and security processing, Synaptics is the force behind the next generation of technology enhancing how we live, work, and play. 

    Follow Synaptics on LinkedIn, X, and Facebook, or visit www.synaptics.com

    For further information, please contact:
    Munjal Shah
    Synaptics
    +1-408-518-7639
    munjal.shah@synaptics.com

    The MIL Network –

    May 10, 2025
  • MIL-OSI: Standard Bots Expands Production Facility and Unveils New 30kg Payload Robot

    Source: GlobeNewswire (MIL-OSI)

    GLEN COVE, N.Y., May 09, 2025 (GLOBE NEWSWIRE) — Standard Bots, a fast-growing American robotics company, has launched an expanded production facility in Glen Cove, New York, this month. The new 16,000-square-foot factory doubles the size of its previous Long Island location, cementing Standard Bots’ status as one of the few companies manufacturing robots at scale in the United States. This expansion aligns with the company’s unveiling of a new 30kg payload, 2m reach robot at The Automate Show, showcasing its commitment to advancing automation technology.

    “This new facility marks a pivotal moment for Standard Bots as we scale to meet growing demand for American-made robotics,” said Evan Beard, Co-Founder & CEO of Standard Bots. “We’re thrilled to debut both our expanded factory and our latest innovations at Automate.”

    At The Automate Show, Standard Bots will demonstrate its in-house-developed physical AI, a groundbreaking technology designed specifically for its robots and powered by the NVIDIA Isaac platform. This AI enables users to teach robots tasks through demonstration, eliminating the need for traditional coding or programming. Then users can annotate and augment their demonstration data through NVIDIA Isaac Sim, a reference application built on NVIDIA Omniverse for rapid deployment. Having undergone extensive private beta testing, this end-to-end model will be released to a broader audience in 2025, promising to simplify automation for thousands of complex processes previously out of reach through conventional robotics. Alongside this, the company will unveil its new 30kg payload, 2m reach robot. This model combines collaborative features—such as a compact footprint, user-friendly programming, and advanced safety—with robust specifications suited for heavy-duty tooling and large workpieces, a combination highly valued across industries like automotive, aerospace, and logistics. Notably, Standard Bots offers this American-built robot at a more competitive price than its rivals, strengthening its market position.

    The robotics industry is poised for significant growth, with the International Federation of Robotics reporting that global robot installations in manufacturing rose by 31% in 2022 alone. “Robotics has been the unlock for the repatriation of manufacturing, but the potential has been hindered by two major barriers: cost and flexibility,” said Quentin Clark, Managing Director of General Catalyst. “We look forward to supporting Standard Bots and seeing how their technology will open up new possibilities for robotics across American manufacturing.”

    Standard Bots invites the public to celebrate this milestone at a grand opening event on June 12 at the new Glen Cove facility. Interested attendees can contact Alex Thesken at alex@standardbots.com for more details or to RSVP.

    About Standard Bots
    Standard Bots is a leading American robot manufacturer dedicated to making robots simple so humans can do more. Headquartered in Glen Cove, NY, Standard Bots designs and assembles industrial robots in the USA that are bolstered by programming software and AI training models developed in-house to provide a robust physical AI platform to the world. The company has received over $63M in funding led by General Catalyst with participation from Amazon Industrial Innovation Fund and Samsung Next.

    Standard Bots is building the critical infrastructure for the robotics revolution, empowering every business to shape the future of work.

    Media Contact
    Alex Thesken
    Marketing Manager, Standard Bots
    (513) 330-4748
    alex@standardbots.com

    The MIL Network –

    May 10, 2025
  • MIL-OSI Economics: How AI agents can help retailers and consumer goods companies improve operations

    Source: Microsoft

    Headline: How AI agents can help retailers and consumer goods companies improve operations

    Over the past 12 months, customer conversations have shifted from focusing on generative AI to discussing agentic AI. This evolution reflects the growing recognition of agentic systems to augment AI’s potential to enhance business processes and drive innovation.

    But, as with every technology, working out where to start is fraught with difficulties. “When all you have is a hammer, everything looks like a nail”—or so the expression goes—but when it comes to business challenges, not every problem warrants an agentic AI approach.

    Learn more about Microsoft Cloud for Retail

    You may have determined candidate areas for agentic AI using a similar approach to that which we described when discussing rapidly ideating on value in a previous blog. However, how do you know if it really warrants an agentic approach, and then, once you’re confident that it does, how do you determine the value it will bring for your organization?

    This blog aims to provide guidance on how to address these areas to empower you to make informed decisions and unlock the full potential of agentic AI.

    Business and technical criteria

    Based on our experience working with retail and consumer goods companies across the globe, there are some common trends that can be considered as criteria for determining if a specific process—or part of a process—is a good use case for agentic AI.

    These aren’t considered to be “hard and fast” criteria that must be adhered to—they are merely guidelines.

    • Volume. A process with high volumes or number of interactions. For example, a consumer goods company receives many more orders than an aircraft manufacturer, therefore, it’s likely to be far more applicable to apply agentic AI to an order intake process in a consumer goods company. That doesn’t mean that agentic AI cannot help an aircraft manufacturer with this process. It means that the specific process element where it’s applied would be different. For example, in placing an order for an aircraft, multiple detailed configuration documents may be needed, and agentic AI may have a valuable role ensuring those documents are correct.
    • Interaction. A process that interacts with multiple systems. For example, updates, reads from, or consolidates data between different systems. Processes where users must review, or consolidate, content from multiple systems are prime candidates for the application of agentic AI. Sometimes referred to as “swivel-chair integration,” these types of processes are both tedious and fraught with error.
    • Human. A process where a high level of human interaction is required. Perhaps involving seeking, reading, considering, and reasoning over multiple pieces of information, documents, or systems. This is typically work that’s mundane and repetitive. Agentic AI can assess and highlight gaps, differences, or anomalies. It can make recommendations to be evaluated by a human and as such, is designed to work alongside or augment the human by reducing the amount of mundane, repetitive activity. The human element is critical here—AI allows the human to focus on exceptions, strategic analysis, and complex decisions while supporting innovation.
    • Errors. Processes that are error prone—which often occurs with repetitive, mundane human operations. More importantly, one where any errors or issues during the process execution cause adverse downstream consequences such as delayed deliveries, lost sales, compensation claims, or handling by a human that incurs cost or time. This can be a key area of concern and focus.

    There is an additional requirement, albeit one that must be considered when architecting a solution. This relates to data availability.

    It’s critical to ensure that the data required for the agentic AI application is available and accessible without causing challenges elsewhere. It’s common that agentic systems need to refer to data to aid decision-making. For example, it may be necessary to look something up on a customer or supplier master record in a transactional system. Where many of these are required in a very short time, it may be that the agentic solution causes performance issues in the transactional system. Architecturally, this challenge can be avoided by extracting this data into a data lake or other data store to act as a reference location.

    Retail Thought Leadership Study

    The AI Advantage: How retailers are shaping customer experiences with data-driven insights

    Defining value

    Advancements position agentic AI as a cornerstone for creating a more resilient, efficient, sustainable, and autonomous supply chain. When it comes to evaluating the business value of any technology investment, one of the first points to consider is determining the specific drivers of value. In addition, understanding how you’ll measure this is equally important.

    From the work we have done relating to agentic AI, value typically falls into three areas:

    1. Productivity. You can think of this as “agentic liberated time.” This reflects reducing the non-value-added time associated with human interaction in a process or process step using the “liberated time” for value-added activities. Scoping these additional activities is critical to delivering value from agentic AI. As an example, one retailer was seeking to free up time for their supply chain planners to spend more time with individual suppliers planning future promotional inventories. AI agents can streamline communications with suppliers, monitor contract compliance, and resolve disputes efficiently.
    2. Process efficiency. This relates to the elapsed time that a process takes. AI agents automate repetitive tasks and optimize operations leading to higher process efficiency levels and lower costs. This in turn has follow-on benefits—for example, reducing the time spent between receiving and processing a customer order translates to improved customer responsiveness.
    3. Quality. This can often be seen as cliché. However, in this instance, the focus is the reduction of errors or issues. Specifically, those that have a negative consequence downstream within the organization or supply chain. For example, promising inventory that does not exist will adversely impact customer satisfaction scores and may well result in future lost sales.

    Measurement is key

    For each of these value driver areas it’s important to establish the metrics or KPIs that this is likely to impact in your specific case. The graphic above gives some examples, but this is where the value of agentic AI really comes into force.

    For the productivity value driver, liberated time can be used to identify additional revenue generating opportunities, which can enhance your revenue per employee KPI. For process efficiency, reducing lost sales can be a relevant metric if, for example, you’re automating your customer order process.

    Quality, however, is where it becomes interesting. Determining the downstream negative consequences of a delayed or misinformed decision can be difficult, but it’s worthwhile. One approach to consider is to use Microsoft Copilot to help ideate on this, asking for suggestions as to what the negative downstream consequences of errors in a particular process might be. This may not yield the exact answer for your business, but practice has shown that it usually inspires a new thought or perspective that relates to your business.

    Microsoft Cloud for Retail

    Connect your customers, your people, and your data.

    Moving on value

    Selecting the right use cases for agentic AI requires a thorough understanding of both the criteria for implementation and the drivers of value. By focusing on high-volume, error-prone processes that require significant human effort and interaction with multiple systems, organizations can identify the most promising areas for AI application.

    Additionally, defining and measuring the value of AI investments through productivity, process efficiency, and quality improvements will ensure that organizations can unlock the full potential of agentic AI. With these guidelines, organizations can make informed decisions and navigate the complexities of AI use case selection, ultimately driving innovation and efficiency.

    Learn more about agentic AI

    Oliver Guy

    Global Industry Architect, Microsoft Retail & Consumer Goods, Microsoft

    Oliver Guy, Global Industry Architect, specializes in helping business leaders innovate and compete more flexibility and efficiently. For more than 25 years he has delivered value for retail and consumer goods companies across the globe with technology led change. Oliver is a recognized Retail Technology Influencer by Retail Technology Innovation Hub (RTIH) and is also a RetailWire BrainTrust panelist.

    See more articles from this author

    Felice Miller

    Business Strategy Leader, Supply Chain & Operations, Worldwide Retail and Consumer Goods and Gaming, Microsoft

    Felice leads Supply Chain and Sustainability Strategy for Microsoft’s Worldwide Retail and Consumer Goods Industry Group collaborating with customers and partners to reimagine data and AI solutions, and leveraging technology to drive innovation and better business outcomes. She has extensive experience in consumer products, retail, and global manufacturing. Felice has been an angel investor in early-stage startups, the founder of Delvv, a machine learning studio that created AI-driven interface technology to enhance the smartphone user experience and is an advocate for consumer-centric technology in the mobile space.

    See more articles from this author

    Paul Manikas

    Principal Industry Architect, Industry Solutions Delivery, Microsoft

    As a Manufacturing industry architect, Paul works with senior business and IT leaders to help them understand how to apply Microsoft’s technologies and partner solutions to digitally transform their company. Leveraging over 35 years of manufacturing industry experience, Paul works with clients to build their transformations strategy, considering four key pillars of digital transformation: customer experience, operational excellence, workforce transformation and product-as-a-service.

    See more articles from this author

    MIL OSI Economics –

    May 10, 2025
  • MIL-OSI: UPDATE – Vocodia Expands Business Plan to Include Crypto Asset Acquisition Powered by Predictive AI

    Source: GlobeNewswire (MIL-OSI)

    BOCA RATON, Fla., May 09, 2025 (GLOBE NEWSWIRE) — Vocodia Holdings Corp. (OTC: VHAI), a leader in AI-driven voice automation and digital intelligence, announced today an update to its business plan to include the acquisition of crypto assets as part of its strategic growth initiatives.

    This move is supported by Vocodia’s proprietary Predictive AI technology, co-developed with its strategic partners, designed to identify and act on optimal digital asset opportunities. The company is currently in advanced negotiations with investment banks for an initial investment to support the first phase of this new initiative.

    “Our Predictive AI gives us a unique edge in the digital asset space,” said Brian Podolak, CEO of Vocodia. “We believe integrating crypto into our business model aligns with our long-term vision for value creation and innovation.”

    Further details will be announced as the investment and execution strategy are finalized.

    About Vocodia
    Vocodia Holdings Corp. (OTC: VHAI) is an AI technology company focused on building and deploying human-like voice automation agents for sales, service, and support across multiple industries.

    For media or investor inquiries, please contact:
    Investor Relations
    ir@vocodia.com

    The MIL Network –

    May 10, 2025
  • MIL-OSI USA: Reps. Obernolte, Stevens, Weber, Hudson introduce new legislation to expedite quantum computing applications in USA

    Source: United States House of Representatives – Congressman Jay Obernolte (R-Hesperia)

    U.S. Congressman Jay Obernolte (R-CA) introduced the Quantum Sandbox for Near-Term Applications Act alongside co-leads Rep. Haley Stevens (D-MI), Rep. Randy Weber (R-TX), and Rep. Richard Hudson (R-NC). The bill aims to increase quantum technology commercial advancement through the creation of a quantum sandbox program. This program allows government and industry partners to come together to develop and deploy quantum and quantum-hybrid applications for near-term use.

    U.S. Congressman Jay Obernolte (R-CA) introduced the Quantum Sandbox for Near-Term Applications Act alongside co-leads Rep. Haley Stevens (D-MI), Rep. Randy Weber (R-TX), and Rep. Richard Hudson (R-NC). The bill aims to increase quantum technology commercial advancement through the creation of a quantum sandbox program. This program allows government and industry partners to come together to develop and deploy quantum and quantum-hybrid applications for near-term use. 

    “Quantum computing is a game-changing advancement in technology. It will dramatically increase the speed at which computers can run algorithms and solve problems, enabling new opportunities to improve our supply chains, transportation networks, electrical grid, and our communication resilience,” said Rep. Obernolte. “The Quantum Sandbox for Near-Term Applications Act will help to ensure the United States remains a global leader in not only the development but also the deployment of new quantum technologies by providing a cloud-based venue for developers to produce quantum-enabled software tools from a variety of different systems for use in sectors such as telecommunications, financial services, healthcare and defense.” 

    “The application of quantum technologies in manufacturing is vital to the future competitiveness of Michigan manufacturers. The bipartisan Quantum Sandbox for Near-Term Applications Act will create testbeds to allow innovators to test quantum discoveries in real-world applications, like advanced manufacturing,” said Rep. Haley Stevens. “This legislation will ensure businesses and researchers here at home can apply this emerging technology and help Michigan businesses continue to grow and innovate.” 

    Unlike traditional computers which store and analyze data as either zeros or ones, quantum computers operate with quantum bits, known as qubits, which are complex dual systems of both zero and one simultaneously, a concept derived from quantum physics. Although fully developed commercial quantum computing remains years away, finding new ways to tackle critical challenges is a key objective of a quantum sandbox program. Once use cases are identified, the sandbox program can provide an expedited pathway to develop targeted applications through public-private partnerships. 

    The quantum sandbox program will drive U.S. innovation toward solving critical real-world challenges impacting American society and will augment the long-term basic research currently being conducted through the National Quantum Initiative.  

    What they’re saying: 

    D-Wave CEO Alan Baratz: “We commend Representatives Obernolte, Stevens, Hudson and Weber for their continued leadership on advancing near-term applications of emerging technologies like quantum and AI. We’re already seeing meaningful progress where quantum computing is providing computational advantages. For example, the U.S. Army Engineer Research and Development Center recently developed a quantum application for wildfire management. A dedicated program to accelerate near-term quantum applications is essential to incorporating hardware and software advancements, and the quantum sandbox legislation would do just that by enabling public-private partnerships to safely test and validate applications within a 24-month timeframe. This effort is key to demonstrating the real-world viability of quantum technologies. We strongly urge its enactment this Congress.” 

    Strangeworks Founder and CEO whurley: “As a nation, our leadership in quantum technology depends on bold, forward-thinking initiatives and the Quantum Sandbox Act is a perfect example. At Strangeworks, we strongly support this legislation, which expands access to quantum computing and accelerates the development of real-world, near-term applications. With continued investment and public-private collaboration, quantum technology holds the promise to transform entire industries—advancing medical breakthroughs, driving sustainability, strengthening national security, and redefining artificial intelligence. This bill represents a pivotal step in shaping a more innovative, resilient future, and we are proud to stand behind it.” 

    Celia Merzbacher, Executive Director, QED-C: “The Quantum Economic Development Consortium (QED-C®) seeks to grow the quantum economy through the development of quantum technologies for applications in sensing, communication, and computing. As documented in various QED-C reports, there are many use cases that experts believe are highly feasible and within grasp. The Quantum Sandbox act will accelerate the discovery and development of near-term applications and in the process will build the capacity for longer term innovation as well.” 

    Alliance for Digital Innovation Executive Director Ross Nodurft: “We commend Reps. Obernolte Stevens, Weber, and Hudson for their commitment to emerging technologies such as artificial intelligence and quantum computing, and the Quantum Sandbox bill is another step in the right direction. A quantum sandbox program is a critical program to provide rapid development of new and innovative cloud-based solutions to solve public-sector challenges, and we support enactment of this legislation.” 

    Dr. Rajeeb Hazra, President & CEO of Quantinuum: “As the world’s largest integrated quantum computing company, Quantinuum strongly supports the bipartisan Quantum Sandbox for Near-Term Applications Act. This legislation is essential to ensure the continued leadership of the U.S. in this critical emerging technology. By fostering application development and accelerating commercialization, the Act will help unlock solutions to some of today’s most complex challenges across a range of critical sectors—including healthcare, energy, national security and beyond.”

    Jitesh Lalwani, CEO Artificial Brain: “Artificial Brain warmly welcomes and urges the expeditious passage of the Quantum Sandbox Act. Our company is already developing and deploying our quantum software and hybrid QML solutions on quantum hardware through the cloud, achieving huge successes across all of our use cases, including in defense and energy. Artificial Brain has been a leading industry voice on the quantum computing advantages that are already here. Now is the moment for the U.S. to act boldly. The Congressional findings agree with our own clear message: Quantum innovation is critical and foundational to the United States and that quantum and hybrid applications can provide innovative near term solutions across the public and private sector. This is why it is imperative that our country shifts our focus to developing and deploying near-term applications. We must be positioned to develop an unrivaled quantum workforce and near-term application development or risk losing behind allies and adversaries alike. This shift will take total commitment, and we are pleased to see both the Congress and Administration as supportive champions so we can seize on these near-term, value-creating opportunities. This legislation might be one of the most consequential and bipartisan achievements for U.S. innovation of this congressional term.” 

    Paul Stimers, Executive Director of the Quantum Industry Coalition: “As the US quantum industry advances the commercialization of quantum technologies, it is increasingly important for the National Quantum Initiative to include a focus on near-term applications. The Quantum Industry Coalition commends Rep. Obernolte for addressing this issue, and looks forward to incorporating it into the National Quantum Initiative reauthorization process this year.” 

    ### 

    MIL OSI USA News –

    May 10, 2025
  • MIL-OSI: Infineon to Present at the dbVIC – Deutsche Bank ADR Virtual Investor Conference May 15th

    Source: GlobeNewswire (MIL-OSI)

    MUNICH, May 09, 2025 (GLOBE NEWSWIRE) — Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY), based in Munich and a global semiconductor leader in power systems and IoT, today announced that Daniel Gyoery, Senior Director Investor Relations will present at the dbVIC – Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on May 15, 2025. This virtual investor conference is aimed exclusively at introducing global companies with ADR programs to investors.

    DATE: May 15th
    TIME: 9:00 EDT / 15:00 CET
    LINK: REGISTER HERE

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. 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 online investors pre-register and run the online system check to expedite participation and receive event updates.  

    Participation is free of charge.

    Recent Company Highlights

    • Infineon is the #1 global leader in automotive semiconductors, power semiconductors, and microcontrollers
    • Microcontroller: Infineon’s microcontrollers serve as the brains of smarter, safer cars and secure IoT devices. Over the past decade, the company has consistently outgrown the market and achieved the global #1 position.
    • Powering AI – from grid to core: the exponential data growth driven by digitalization and AI is increasing the energy demand of data centers. Infineon offers solutions, extending from the grid to the core to maximize the efficiency, power density and reliability of AI infrastructure.
    • Shaping mobility & Humanoid robots: ever-smarter, more integrated cars and humanoid robots need fast, secure controllers as well as high-speed networking. Infineon’s microcontroller leadership and the acquisition of Marvell Technology’s automotive ethernet business combine two world-class solutions, forming a unique system solution meeting the needs of these emerging technologies.
    • Focus on high growth and margin retention combined with consistent shareholder returns. Fiscal year 2025 guidance already includes a haircut for potential tariff headwinds.

    About Infineon
    Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The Company had around 58,060 employees worldwide (end of September 2024) and generated revenue of about €15 billion in the 2024 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY).

    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:

    Infineon Technologies AG
    Daniel Györy
    Senior Director Investor Relations
    Office: +49 89 234 35078
    Daniel.Gyoery@infineon.com 

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

    The MIL Network –

    May 10, 2025
  • MIL-OSI: ProvisionAi Leads Industry in Sustainable Logistics: Webinar Highlights Available Online

    Source: GlobeNewswire (MIL-OSI)

    FRANKLIN, Tenn., May 09, 2025 (GLOBE NEWSWIRE) —  ProvisionAi continues to set industry benchmarks in sustainable and cost-efficient logistics solutions with its revolutionary AI-driven AutoO2 platform. Recently, the company successfully hosted an insightful webinar on Scope 3 emissions management, attracting significant attention from logistics and sustainability leaders globally. The session, praised by participants for its practical insights, is now available on YouTube for public viewing.

    ProvisionAi’s AutoO2 has dramatically reduced both costs and carbon emissions for major shippers by intelligently designing replenishment loads to maximize truck utilization. Last year alone, AutoO2 eliminated 88,000 truck trips, delivering a 5-10% increase in truckload capacity.

    “Our recent webinar clearly demonstrated how businesses can simultaneously reduce transportation costs and environmental impact,” said Tom Moore, Founder and CEO of ProvisionAi. “We’re pleased to share the webinar online, providing valuable insights and strategies to an even broader audience.”

    A recent case study showcased during the webinar highlighted significant outcomes: a ProvisionAi client achieved an 8% reduction in truckloads and a corresponding 13% reduction in CO₂ emissions within just 21 days. This success equates to removing 149 truck trips and preventing 222 metric tonnes of carbon emissions—comparable to the annual carbon sequestration capacity of 265 acres of U.S. forests.

    Companies like P&G, Unilever, and Campbell’s have already benefited from ProvisionAi’s solutions, experiencing substantial economic savings and measurable sustainability improvements.

    “Our technology allows companies to align sustainability with profitability, proving that environmental responsibility doesn’t have to come at an additional cost,” Moore added.

    To view the full webinar and learn more about integrating cost-effective and sustainable logistics practices, visit ProvisionAi’s YouTube channel. For further details on ProvisionAi’s innovative solutions, please visit www.provisionai.com.

    About ProvisionAi
    ProvisionAi transforms logistics by delivering cost-saving, sustainable AI-driven solutions. With its flagship platform, AutoO2, ProvisionAi enables companies to significantly cut carbon emissions, reduce operational costs, and optimize their logistics operations sustainably.

    Media Contact:

    Tom Moore
    tom.moore@provisionai.com
    Cell: +1 615 417-9591
    ProvisionAi.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/065a4b9a-ed60-46fb-8ac6-51ddd23fcbf9

    The MIL Network –

    May 10, 2025
  • MIL-OSI: Hyra Network Co-Hosts TOKEN2049 VC Summit and Showcases Decentralized AI Infrastructure at GITEX Asia Singapore

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE and DUBAI, United Arab Emirates, May 09, 2025 (GLOBE NEWSWIRE) — Hyra Network, the world’s first decentralized AI infrastructure platform, has accelerated its global expansion by co-hosting VC Connect at TOKEN2049 Dubai and unveiling its Smart Data Economy vision at GITEX Asia Singapore. The events brought together over 10,000 tech leaders, investors, and policymakers across two of the most influential technology gatherings of 2025.

     

    Hyra Network x Agora Group co-host successful VC Connect Dubai, gathering 40+ top Web3 investors and founders.

    At TOKEN2049 Dubai, Hyra Network partnered with Agora Group to co-host VC Connect as a Diamond Sponsor. This premier investor forum welcomed over 40 leading venture capital firms, including Animoca Brands, Spartan Group, Hack VC, Borderless Capital, and DWF Ventures.

    Mr. Gerard, Co-founder of Hyra Network, played a leading role in facilitating direct pitch sessions, strategic roundtables, and investor briefings — showcasing the company’s Layer-3 blockchain-powered infrastructure that leverages edge computing and federated learning to democratize AI deployment.

    With over 10,000 participants at TOKEN2049, Hyra Network captured investor attention and positioned itself as a rising leader in the global DePIN (Decentralized Physical Infrastructure) and AI ecosystem.

    Building on its Dubai momentum, Hyra Network also showcased its decentralized AI platform at GITEX Asia Singapore, the Southeast Asia edition of the global GITEX series. The inaugural event featured 700+ tech companies and delegates from over 110 countries.

    Hyra Network featured at GITEX Asia 2025, with 700+ tech leaders from 110+ countries.

    Hyra Network’s CTO and technical leadership demonstrated how individuals and enterprises can contribute unused device capacity — such as smartphones, routers, and edge nodes — to participate in decentralized AI networks and earn tokenized rewards. This infrastructure unlocks scalable, inclusive, and user-powered AI systems.

    Hyra also joined industry forums, public-private workshops, and tech showcases — reinforcing its leadership in building next-generation, decentralized AI infrastructure.

    GITEX organizers announced strategic expansion into Southeast Asia, naming Singapore and Vietnam as digital economy growth hubs, aligning with Hyra Network’s regional roadmap.

    About Hyra Network

    Hyra Network is the world’s first decentralized AI infrastructure platform, enabling scalable, low-cost artificial intelligence through edge devices and Layer-3 blockchain. As a core initiative of Hyra Tek, the company combines federated learning, edge computing, and decentralized participation to power the Smart Data Economy — making AI accessible, ethical, and community-owned.

    Media Contact

    Mei Nguyen
    PR & Communications Lead – Hyra Holdings
    Email: press@hyra.network
    Website: https://hyra.network

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/583760b2-2c2d-40e5-b1e6-8a1f050b02cc

    https://www.globenewswire.com/NewsRoom/AttachmentNg/eb0be94a-a492-418d-b976-9f40683b134a

    The MIL Network –

    May 10, 2025
  • MIL-OSI Africa: Ozwald Boateng OBE steals the spotlight at Met Gala 2025, celebrating 40 years of dazzling design

    Source: Africa Press Organisation – English (2) – Report:

    NEW YORK, United States of America, May 9, 2025/APO Group/ —

    The red carpet just got a seismic glow-up! British-Ghanaian fashion legend Ozwald Boateng OBE storms the 2025 Met Gala, marking his 40th year as a global style icon with a breathtaking showcase of bespoke looks for the Metropolitan Museum of Art’s exhibition, Superfine: Tailoring Black Style. With his signature blend of African authenticity, Savile Row craftsmanship, and fearless innovation, Boateng dresses a roster of cultural titans who light up the night with pure, unfiltered magic. 

    Picture this: Jaden Smith owning the carpet in a futuristic suit that screams tomorrow, with oversized shoulders and flowing wide-leg trousers that channel ancestral wisdom. Tems redefines elegance in a jaw-dropping ball gown suit, its tribal jacquard skirt billowing like a royal tapestry. And Ncuti Gatwa, serving Harlem Renaissance realness in a gold silk jacquard jacket that swings with soulful rhythm. This is Boateng’s world, and we’re all just living in it. 

    Road to the Met: A Love Letter to Legacy 

    Boateng’s Road to the Met is no mere moment- it’s a movement. For 40 years, this visionary has woven African heritage into the crisp lines of Savile Row, shattering conventions and redefining what tailoring can mean. As the first eponymous black designer on the iconic street and the first British menswear designer to strut at Paris Fashion Week in 1994, Boateng’s journey is a masterclass in staying true to your roots while rewriting the rules. 

    “This is my heart on the red carpet,” Boateng says, his eyes sparkling with purpose. “Every stitch carries a story of heritage, rebellion, and joy. This Gala isn’t just about fashion; it’s about who we are and who we’ll become.” Dive into Boateng’s world. 

    From his game-changing 2019 AI: Authentic Identity show at Harlem’s Apollo Theatre to his boundary-pushing designs for The Matrix and Black Panther, Boateng has always been ahead of the curve. Tonight, he channels the lion-hearted spirit of the Harlem Renaissance, the precision of bespoke craftsmanship, and the soul of African artistry into looks that don’t just turn heads – they start revolutions. 

    The Lineup: Icons in Ozwald’s Finest 

    Boateng’s Met Gala looks are a love affair between past and future, each outfit a story spun in silk, wool, and Kente. Here’s the dazzling lineup: 

    • Ozwald Boateng: The maestro himself, resplendent in a tribal jacquard suit that radiates regal confidence. 
    • Hanna Hultberg (Boateng): A goddess in a tailored gown, its vibrant hues dancing under the Gala lights. 
    • Oscar & Emilia Boateng: The next gen, slaying in custom looks that echo their father’s bold legacy. 
    • Hope Smith: Looking stunning in a striking royal gold-yellow silk jacquard suit, elevated by the house’s iconic Kente cloth. 
    • Omar Sy: Quietly commanding in a deep green wool mohair double-breasted suit featuring the House’s Authenticity Adinkra symbol.  
    • Burna Boy: Burna Boy commands in a royal red wool tuxedo paired with a dramatic oxblood eel skin cape.  
    • Issa Rae: Issa Rae wears a long, black tailored 3 piece suit featuring the House’s Tribal pattern in a silk jacquard. 
    • Jaden Smith: A fut.uristic warrior in a sharply contoured suit, oversized shoulders meeting ancient craft. 
    • Ayra Starr: A tuxedo dress from the 2022 Black AI collection, with slits and blue lining that scream fierce elegance. 
    • Tems: A revolutionary ball gown suit in blue-to-teal jacquard, its puff skirt a bold ode to feminine majesty. 
    • Ncuti Gatwa: Wearing the House’s signature colour, purple, rendered in a richly textured silk jacquard Kente cloth. 
    • Henry Golding: A wears a rich gold silk jacquard three-piece suit, woven with the House’s Adinkra symbol for Knowledge.   
    • Colin Kaepernick: Colin in a royal red silk suit with a fiery orange overcoat. 

    The Exhibition: A Celebration of Black Style 

    The Costume Institute’s Superfine: Tailoring Black Style, curated by Monica L. Miller, is a seminal tribute to Black dandyism’s indelible mark on fashion. From 18th-century trailblazers to today’s visionaries, the exhibit showcases Boateng’s pivotal role with pieces from his 2019 Apollo Theatre show and iconic Savile Row designs in vibrant Vlisco fabrics. Opened by Coleman Domingo, his pink silk jacquard morning suit, his matt black beret, their nod to the struggle still endured and the power of a culture always rising… Step into the exhibit (https://apo-opa.co/4k9NSJh). 

    Creative Collaborators: Adding Sparkle and Vision 

    Boateng’s Met Gala triumph is amplified by electrifying partnerships: 

    Hirsh London Luxury Jewels: “Working with Ozwald has been a true creative adventure,” says Sophia Hirsh. “We instinctively understood each other’s passion for colour and design. These jewels are full of life and character- capturing both of our spirits in a strikingly original way.” The result? Statement jewelry that pops with Boateng’s vibrant aesthetic, adding fire to every look. Discover Hirsh London (https://apo-opa.co/3GNxcc7). 

    Odette Lunettes: Eline De Munck, founder of Odette Lunettes, beams about their first full collection with Boateng: “London Savile Row style meets Antwerp design.” Boateng grins, adding, “Tailoring, but for your face.” After featuring Odette eyewear in his New York and London shows, this collaboration births frames that fuse bold elegance with cutting-edge cool, perfectly framing the Gala’s stars. Explore Odette Lunettes (https://apo-opa.co/4jLW6HE). 

    Afreximbank: Highlighting the Bank’s Commitment to Africa’s creative economy, Prof. Benedict Oramah, President and Chairman of the Board of Directors of Afreximbank said, “The doubling of the Bank’s credit commitment to the Global African Creative industry to $2 Billion marks a very important step towards empowering African creatives and building a globally competitive creative industry, with strong participation of Africans.” He pointed to the Bank’s support to renowned designer , Ozwald Boateng’s 40th design anniversary at the Met Gala as a powerful example of how Afreximbank’s Creative Africa Nexus (CANEX) is helping global African talents to gain international recognition and inspire a new generation of designers across the continent.Discover Afreximbank (https://apo-opa.co/43l5Ann). 

    MIL OSI Africa –

    May 10, 2025
  • MIL-OSI Economics: Galaxy S25 Ultra Elevates the 2025 Met Gala Experience

    Source: Samsung

    This was not your typical Monday.
    Every year, the first Monday in May marks a monumental occasion for the fashion world: the annual Met Gala.
    While the event serves as a fundraiser for the Metropolitan Museum of Art’s Costume Institute, it’s also one of the world’s most prestigious and influential fashion events, bringing together the biggest names in couture, technology, entertainment, sports, and beyond to celebrate and inspire the latest trends in fashion.
    In preparation for this year’s Met Gala, Samsung introduced the latest phase of its partnership with designer LaQuan Smith, opening the first-ever Galaxy AI Atelier — an AI-powered creative studio where LaQuan brought his 2025 Met Gala looks to life using the Galaxy S25 Ultra.

    Leading up to the event, LaQuan relied on Galaxy S25 Ultra as his all-in-one creative companion to research, design, create, and collaborate — meticulously refining every detail leading up to the big night.
    From sourcing fabrics and organizing fittings to coordinating with business partners and vendors — and even sketching and finalizing designs — LaQuan used Galaxy AI features such as Now Brief, Sketch to Image, Gallery Search, and Audio Eraser to design with precision, collaborate in real time, and find creative inspiration.

    MIL OSI Economics –

    May 10, 2025
  • MIL-OSI: Odynn and Monkey Miles Announce Strategic Partnership

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) — Odynn, a full modular embedded loyalty and next-gen program manager leveraging AI/ML, and Monkey Miles, a leading travel and lifestyle platform, are proud to announce a new strategic partnership. This collaboration integrates Odynn’s award-winning white label holistic travel portal, Awayz, into the Monkey Miles platform, enhancing the travel booking experience for its users.

    The partnership combines Monkey Miles’ expertise in helping travelers maximize credit card points and loyalty rewards with Odynn’s advanced Awayz software, which simplifies booking flights and hotels using points, miles, cash, or a combination of all three. By embedding the Awayz solution, Monkey Miles aims to provide its audience with seamless real-time comparisons of pricing options, offering the best value and an optimized booking process.

    The integration also gives users access to enhanced tools such as award availability alerts, loyalty program integration, and recommendations for maximizing savings during bookings—all without the hassle of switching between multiple platforms.

    “At Odynn, we believe that travel rewards should be effortless and rewarding,” said John Taylor Garner, CEO and Founder of Odynn. “By partnering with Monkey Miles, we’re bringing the power of our Awayz platform to travelers who want to maximize every point and mile with ease. This collaboration ensures that users get the best value without the complexity—just seamless, optimized booking at their fingertips.”

    “With this partnership, both companies have aligned to create a more personalized and efficient user experience for avid travelers, in addition to driving engagement and revenue for both platforms.” said Zachary Burr Abel, CEO and Founder of Monkey Miles.

    About Odynn

    Odynn is an AI-powered, fully modular platform that helps fintechs, banks, card issuers, and travel companies launch embedded travel, loyalty, and rewards programs. Its white-label solution and APIs drive cardholder engagement while unlocking new revenue streams. Think Shopify for loyalty and travel.For more information, visit www.odynn.com.

    About Monkey Miles

    Monkey Miles is a trusted platform for helping travelers maximize credit card points, miles, and loyalty rewards. Known for its in-depth reviews, guides, and deals, Monkey Miles empowers the travel community with knowledge and resources for first-class travel on a budget. For more details, visit www.monkeymiles.com.

    For Media Queries, Please Contact:

    Yohan Mehary

    Chief of Staff

    yohanmehary@odynn.com

    The MIL Network –

    May 10, 2025
  • MIL-OSI Global: To fend off Reform, mainstream parties must address the tangible decline of British towns

    Source: The Conversation – UK – By Thiemo Fetzer, Associate Professor in Economics, University of Warwick

    Reform UK’s surge in recent local elections is not an isolated incident but a culmination of long-term economic and social shifts that have reshaped British society. It is the latest chapter in a narrative that includes the 2016 Brexit referendum and reflects a broader disillusionment with mainstream politics.

    To respond to their losses in these elections and the wider trend, Labour and the Conservatives must not treat the Reform vote as a transient protest but as a symptom of systemic challenges.

    Structural forces, digital disruption, demographic shifts and austerity have all eroded trust in institutions and fuelled demands for radical change. Reform UK’s success lies in its ability to channel these grievances, often thanks to the crafty use of social media, into a political platform. It’s imperative for mainstream parties to address the root causes of discontent if they wish to fend off Reform as an electoral threat.

    The structural roots of discontent

    Reform’s rise is deeply tied to a series of interconnected crises that have left communities feeling abandoned. Digital disruption has transformed the economy, with e-commerce and automation eliminating jobs in local retail and manufacturing. This has led to the decline of high streets, which have become symbols of economic marginalisation.

    At the same time, demographic shifts have seen younger, more skilled workers move to major cities, leaving behind ageing populations in rural and smaller towns. This exodus has created a sense of neglect.

    The 2008–2009 financial crisis further exacerbated these trends, as economic downturns hit already vulnerable regions hard. Unemployment spiked, and austerity measures introduced in the aftermath of the crisis deepened the divide. Public services such as libraries, youth clubs and adult education centres faced severe budget cuts. The notable worsening of public service delivery made it very tempting for politicians to attribute blame for faltering services on pressures arising from immigration.

    Reform taps into this “geography of loss” and offers a political platform that promises to address the pain of marginalisation, albeit, never from a position of actual political responsibility.

    The daily experience of decline

    The erosion of community infrastructure has become a visceral experience for many. Closed community centres have reduced opportunities for social interaction, leading to increased isolation and, in some cases, rising gang activity. Shuttered shops and the decline of local businesses have weakened the sense of place in towns and cities, removing vital “third spaces” where people gather, connect, and build relationships. These spaces, once the heart of local life, have given way to empty storefronts and underused public areas.

    At the same time, shrinking council budgets have left local governments struggling to maintain basic services. Public spaces that once served as hubs for civic engagement are now in disrepair, becoming visible signs of institutional failure. This physical decay has become a metaphor for systemic neglect, reinforcing the perception that mainstream parties have abandoned these communities. The result is a deepening sense of disillusionment, as residents feel that their needs are not being met and their voices are not being heard.

    Possible healing shocks on the horizon

    Emerging trends may offer opportunities to reverse some of the damage caused by structural forces. Remote work, which gained momentum during the pandemic, has the potential to reshape regional economies. It enables skilled workers to relocate to smaller towns and rural areas, bringing with them spending power and civic capacity. If sustained, this shift could help revitalise peripheral communities by reducing the concentration of economic activity in major cities.

    The adoption of generative artificial intelligence (AI) also presents both challenges and opportunities. While AI threatens some high-status cognitive and licensed roles, it may also compress the wage premiums that have favoured big-city professionals. This could slightly ease the sharpest edges of inequality, as the benefits of AI-driven productivity are more evenly distributed. However, the transition must be managed carefully to avoid exacerbating existing divides.

    Digitally enabled public services, such as chatbots for benefits and predictive maintenance for infrastructure, could improve service quality even under fiscal constraints. These tools could improve the performative state capacity, increase the state’s presence in areas where it has felt absent, rebuilding trust in institutions. Yet, it may also require a renegotiating of the informational boundaries of the state as AI thrives on interconnected data. By leveraging these shocks, mainstream parties could begin to address the spatial and skill gaps that populists exploit.

    To reclaim legitimacy and counter populist momentum, mainstream parties must adopt targeted, evidence-based policies. Protecting communities that have been left behind during economic transitions is critical.

    Workers displaced by retail automation need support to retrain, and funding is needed to repurpose high streets for new uses such as community workshops, health hubs and community centres. These initiatives would not only create new opportunities but also restore a sense of agency for those who have felt excluded from the economy.

    Planning reforms to convert empty retail spaces into co-working hubs and housing would further support this transition, creating vibrant, inclusive communities.

    Rebuilding social infrastructure is equally vital. Restoring per-capita funding for youth clubs, libraries and adult education centres would revive community spaces and foster social cohesion. Making grants conditional on measurable outcomes such as reducing crime rates and increasing volunteering participation would add an extra layer of benefit for local populations.

    Populism in Britain is not a cultural accident, but the political expression of decades of skill-biased, place-biased, and age-biased shocks, culminating in an austerity programme that localised pain. Reform UK surfs this wave, but the tide can turn. By cushioning ongoing transitions (remote work, AI), visibly reviving public spaces, and sharing new sources of economic value with smaller towns and younger generations, mainstream parties can reclaim legitimacy.

    The challenge is not only to respond to populist demands but to reimagine the role of the state in fostering social cohesion and economic opportunity. The path forward lies in proactive, inclusive policies that address the tangible, everyday experiences of decline and restore faith in the political system.

    Thiemo Fetzer has benefited from research funding from ESRC, CAGE, UKRI, and the European Research Council.

    – ref. To fend off Reform, mainstream parties must address the tangible decline of British towns – https://theconversation.com/to-fend-off-reform-mainstream-parties-must-address-the-tangible-decline-of-british-towns-256249

    MIL OSI – Global Reports –

    May 10, 2025
  • MIL-OSI: Vocodia Expands Business Plan to Include Crypto Asset Acquisition Powered by Predictive AI

    Source: GlobeNewswire (MIL-OSI)

    BOCA RATON, Fla., May 09, 2025 (GLOBE NEWSWIRE) — Vocodia Holdings Corp. (OTCQB: VHAI), a leader in AI-driven voice automation and digital intelligence, announced today an update to its business plan to include the acquisition of crypto assets as part of its strategic growth initiatives.

    This move is supported by Vocodia’s proprietary Predictive AI technology, co-developed with its strategic partners, designed to identify and act on optimal digital asset opportunities. The company is currently in advanced negotiations with investment banks for an initial investment to support the first phase of this new initiative.

    “Our Predictive AI gives us a unique edge in the digital asset space,” said Brian Podolak, CEO of Vocodia. “We believe integrating crypto into our business model aligns with our long-term vision for value creation and innovation.”

    Further details will be announced as the investment and execution strategy are finalized.

    About Vocodia
    Vocodia Holdings Corp. (OTCQB: VHAI) is an AI technology company focused on building and deploying human-like voice automation agents for sales, service, and support across multiple industries.

    For media or investor inquiries, please contact:
    Investor Relations
    ir@vocodia.com

    The MIL Network –

    May 10, 2025
  • MIL-OSI: Standard Lithium Reports Fiscal First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, May 09, 2025 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI), a leading near-commercial lithium company, today announced its financial and operating results for the three month fiscal period ended March 31, 2025.

    “2025 will be a pivotal year for us, marked by several key milestones that will shape the future of Standard Lithium, our joint venture, and impact the industry as a whole,” said David Park, Chief Executive Officer and Director of Standard Lithium. “We started with a strong first quarter by finalizing our $225 million grant from the US Department of Energy, advancing our subsurface understanding through extensive reservoir testing, completing the derisking of our DLE technology with a final pilot field test at South West Arkansas, and continuing to expand our leasehold footprint in East Texas. Together with our South West Arkansas project’s recent designation as a priority transparency critical mineral project by the Trump administration and the approval of our first brine production unit, these achievements reinforce our conviction that our projects in the Smackover will deliver significant value to our shareholders, the communities that we work in, and will help secure critical mineral production in the United States. While much remains to be done ahead of a final investment decision at SWA, as well as further advancing East Texas, we are energized by the momentum we have built and we are focused on our next project development milestones.”

    Highlights Subsequent to the Three Month Fiscal Period Ended March 31, 2025

    All amounts are in US dollars unless otherwise indicated.

    • Smackover Lithium’s South West Arkansas Project receives special designation. Smackover Lithium announced that its South West Arkansas (“SWA”) Project had been selected as one of the first critical mineral production projects to be advanced under Executive Order 14241 – Immediate Measures to Increase American Mineral Production, announced by the U.S. Federal Permitting Improvement Steering Council at the recommendation of the National Energy Dominance Council.
    • Approval of brine production unit for Phase I of the SWA Project. On April 24, Smackover Lithium announced the brine production unit, formally named the Reynolds Unit, for Phase I of it’s SWA Project was unanimously approved by the Arkansas Oil and Gas Commission with no objections or opposition in a hearing that was open to all stakeholders from the community. Approval of the unit was a necessary statutory requirement as Smackover Lithium seeks to establish a royalty rate for the unit by the end of the second quarter.
    • Submission of royalty application to the Arkansas Oil and Gas Commission for the SWA Project. On May 6, Smackover Lithium announced that SWA Lithium LLC had submitted a royalty application to the Arkansas Oil and Gas Commission to establish a lithium royalty for the Reynolds Unit for Phase I of its SWA Project.

    Highlights From Three Month Fiscal Period Ended March 31, 2025

    • Finalized $225 million grant from the U.S. Department of Energy (“DOE”) for the South West Arkansas Project. The grant will support construction of Phase 1 of the SWA Project. The SWA Project is expected to be one of the world’s first commercial-scale Direct Lithium Extraction (“DLE”) facilities.
    • Undertook extensive field and reservoir testing program at the SWA Project.  Completed drilling of new well and multiple well re-entries into the Smackover Formation to conduct detailed reservoir testing and brine sampling work to further support front end engineering design and definitive feasibility studies.
    • Completed final test of field-pilot plant at the SWA Project.  In partnership with Koch Technology Solutions, successfully operated a field-pilot plant at the SWA Project as the final DLE derisking step prior to commercialization. Lithium recovery far exceeded design criteria, with over 99% recovery from brine sourced from the project’s International Paper Company well.
    • Launch of Smackover Lithium. On January 29, 2025, at a community townhall in Stamps, AR, the Company and Equinor announced Smackover Lithium as the new name for their joint venture developing DLE projects in Southwest Arkansas and East Texas.
    • Continued strategic additions to board of directors. The Company announced on March 19, 2025 the appointment of Karen G. Narwold, as an independent member of its board of directors.
    • Provided corporate update demonstrating continuous advancement and derisking of corporate objectives. Announcement made on March 26, 2025 provided highlights on certain developmental project milestones for the Smackover Lithium joint venture as well as updates on the Company’s progress at its demonstration plant and on the Lanxess Projects.
    • Cash and working capital of $31.6 million and $31.3 million, respectively, as of March 31, 2025.
    • The Company has no term or revolving debt obligations as of March 31, 2025.

    Consolidated Financial Statements

    This news release should be read in conjunction with the Company’s Consolidated Financial Statements and MD&A for the three month fiscal period ended March 31, 2025, which are available on the Company’s issuer profile on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.

    Three-Month Fiscal Period Ended March 31, 2025 Call and Webcast

    The Company will hold a conference call and webcast to discuss its three-month fiscal period ended March 31, 2025 on Friday, May 16th at 3:30 p.m. ET. Access to the call is available via webcast or direct dial.

    Conference Call and Webcast Details
    Standard Lithium Fiscal Q1 2025 Earnings Call and Webcast
    May 16, 2025 3:30 p.m. Eastern Time (US and Canada)

    Participant Information:
    Conference ID: 6017900

    USA / International Toll +1 (646) 307-1963
    USA – Toll-Free (800) 715-9871
    Canada – Toronto (647) 932-3411
    Canada – Toll-Free (800) 715-9871

    Attendee Webcast Link:
    https://events.q4inc.com/attendee/929712112

    About Standard Lithium Ltd.

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

    Standard Lithium trades on both the TSX Venture Exchange and the NYSE American under the symbol “SLI”. Please visit the Company’s website at www.standardlithium.com.

    Investor and Media Inquiries

    Chris Lang
    Standard Lithium Ltd.
    +1 604 409 8154
    investors@standardlithium.com

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to intended development timelines, future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

    The MIL Network –

    May 10, 2025
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