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Category: Machine Learning

  • MIL-OSI: Urgently Announces First Quarter 2025 Earnings Release Date and Conference Call; Participation in Upcoming Investor Conferences

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Va., April 29, 2025 (GLOBE NEWSWIRE) — Urgent.ly, Inc. (Nasdaq: ULY) (“Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today announced the date for the release of its first quarter 2025 financial results and its participation in upcoming investor conferences.

    First Quarter 2025 Earnings

    Urgently will host a conference call on Tuesday, May 13, 2025, at 5:00 p.m. Eastern Time to discuss its financial results for the first quarter ended March 31, 2025. Financial results will be issued in a press release prior to the call.

    Those wishing to participate via webcast should access the call through Urgently’s Investor Relations website at https://investors.geturgently.com. Those wishing to participate via telephone may dial in at 1-877-317-6789 (USA) or 1-412-317-6789 (International). The replay will be available via webcast through Urgently’s Investor Relations website.

    Upcoming Investor Conferences

    During the first quarter of 2025, executive management will participate in the following upcoming investor conferences:

    • The Sidoti Micro-Cap Virtual Investor Conference on May 21, 2025. Matt Booth, Chief Executive Officer of Urgently, and Tim Huffmyer, Chief Financial Officer of Urgently, are scheduled to present at 10:45 a.m. Eastern Time and will host one-on-one and small group investor meetings throughout the day.
    • The Jefferies Automotive Aftermarket Private and Public Conference at the InterContinental New York Barclay in New York, New York on May 22, 2025. Matt Booth and Harrison Russell, Senior Vice President of Partnerships of Urgently, will host one-on-one and small group investor meetings throughout the day.

    A live webcast and archived replay of conference presentation will be available on the Urgently Investor Relations website at https://investors.geturgently.com/.

    About Urgently

    Urgently is focused on helping everyone move safely, without disruption, by safeguarding drivers, promptly assisting their journey, and employing technology to proactively avert possible issues. The company’s digitally native software platform combines location-based services, real-time data, AI and machine-to-machine communication to power roadside assistance solutions for leading brands across automotive, insurance, telematics and other transportation-focused verticals. Urgently fulfills the demand for connected roadside assistance services, enabling its partners to deliver exceptional user experiences that drive high customer satisfaction and loyalty, by delivering innovative, transparent and exceptional connected mobility assistance experiences on a global scale. For more information, visit www.geturgently.com.

    For media and investment inquiries, please contact:
    Press: media@geturgently.com
    Investor Relations: investorrelations@geturgently.com

    The MIL Network –

    April 30, 2025

  • MIL-OSI: Montauk Renewables Schedules First Quarter 2025 Conference Call for Friday, May 9, 2025, at 8:30 a.m. ET

    Source: GlobeNewswire (MIL-OSI)

    PITTSBURGH, April 29, 2025 (GLOBE NEWSWIRE) — Montauk Renewables, Inc. (“Montauk” or “the Company”) (NASDAQ: MNTK), a renewable energy company specializing in the management, recovery and conversion of biogas into renewable natural gas (“RNG”), will host a conference call and webcast on Friday, May 9, 2025, at 8:30 a.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2025. The Company will issue a press release reporting the financial results after the close of regular stock market trading hours on the day prior to the conference call and webcast.

    First Quarter 2025 Conference Call and Webcast Details

    Date: Friday, May 9, 2025
    Time: 8:30 a.m. ET
    Participant Access: [Link Here]
       

    Please register for the conference call and webcast using the above link in advance of the call start time. The webcast platform will register your name and organization as well as provide dial-in numbers and a unique access pin. Please contact Gateway Group at (949) 574-3860 if you experience technical difficulties.

    The conference call and webcast will have a live Q&A session and be available here and on the Company’s website at https://ir.montaukrenewables.com.

    A replay of the conference call and webcast will be available after 11:30 a.m. Eastern time on the same day through May 9, 2026.

    About Montauk Renewables, Inc.

    Montauk Renewables, Inc. (NASDAQ: MNTK) is a renewable energy company specializing in the management, recovery and conversion of biogas into RNG. The Company captures methane, preventing it from being released into the atmosphere, and converts it into either RNG or electrical power for the electrical grid (“Renewable Electricity”). The Company, headquartered in Pittsburgh, Pennsylvania, has more than 30 years of experience in the development, operation and management of landfill methane-fueled renewable energy projects. The Company has operations at 13 projects and ongoing development projects located in California, Idaho, Ohio, Oklahoma, Pennsylvania, North Carolina, and Texas. The Company sells RNG and Renewable Electricity, taking advantage of Environmental Attribute premiums available under federal and state policies that incentivize their use. For more information, visit https://ir.montaukrenewables.com.

    Company Contact:

    John Ciroli
    Chief Legal Officer (CLO) & Secretary
    investors@montaukenergy.com
    (412) 747-8700

    Investor Relations Contact:

    Georg Venturatos
    Gateway Group
    MNTK@Gateway-grp.com
    (949) 574-3860

    The MIL Network –

    April 30, 2025

  • MIL-OSI USA News: Fact Sheet: President Donald J. Trump Incentivizes Domestic Automobile Production

    Source: The White House

    INCENTIVIZING DOMESTIC AUTO PRODUCTION: Today, President Donald J. Trump signed a proclamation to protect national security by incentivizing domestic automobile production and reducing American reliance on imports of foreign automobiles and their parts.

    • The proclamation modifies the tariff action on automobiles and automobile parts by encouraging manufacturers to assemble their automobiles in the U.S., thereby reducing American reliance on foreign imports of automobiles and automobile parts.
    • It offers an offset to a portion of tariffs for automobile parts used in U.S.-assembled vehicles equal to 3.75% of the Manufacturer’s Suggested Retail Price (MSRP) of a manufacturer’s U.S. production for the next year (April 3, 2025 to April 30, 2026), and 2.5% of U.S. production the year after (May 1, 2026 to April 30, 2027).
      • These percentages reflect the duty that would be owed when a 25% duty is applied to 15% of the value of a U.S.-assembled automobile in the first year, and to 10% of the value of a U.S.-assembled automobile in the second year.
      • All other automobile imports will still be subject to the 25% tariff.
      • For instance, if a manufacturer builds a car in the U.S. that has 85% U.S. or USMCA content, the manufacturer effectively will not owe tariffs on that vehicle’s production for the first year.
      • If a manufacturer builds a car in the U.S. that is 50% U.S. or USMCA content and 50% imported from elsewhere, then instead of paying the tariff on the full 50% of the imported car parts, the manufacturer effectively only pays on 35% for the first year.
    • The proclamation sets strict penalties for importers who claim tariff reduction in excess of approved amounts.
    • This modified action will more effectively address the threat to national security by reducing reliance on foreign manufacturing, strengthening U.S. vehicle assembly operations, boosting domestic R&D, and creating American jobs, all of which are essential to a strong defense industrial base.

    MAINTAINING A RESILIENT DOMESTIC INDUSTRIAL BASE: President Trump is taking further action to ensure the U.S. can sustain its domestic industrial base and meet national-security needs. 

    • The COVID-19 pandemic exposed critical vulnerabilities and choke points in global supply chains, undermining our ability to maintain a resilient domestic industrial base.
    • Legislation, pre-existing trade agreements like the USMCA, revisions to the U.S.-Korea Free Trade Agreement, and subsequent negotiations have not sufficiently mitigated the threat to national security posed by imports of automobiles and certain automobile parts.
    • Foreign automobile industries, bolstered by unfair subsidies and aggressive industrial policies, have expanded, while U.S. production has stagnated.
    • In 1985, American-owned facilities in the United States manufactured 11.0 million automobiles, representing 97% of overall domestic (American- and foreign-owned) production of automobiles.
    • In 2024, Americans bought approximately 16 million cars, SUVs, and light trucks, and 50% of these vehicles were imports (8 million).
      • Of the other 8 million vehicles assembled in America and not imported, the average domestic content is conservatively estimated at only 50% and is likely closer to 40%.
      • Therefore, of the 16 million cars bought by Americans, only 25% of the vehicle content can be categorized as Made in America.
    • The United States trade deficit in automobile parts reached $93.5 billion in 2024.
    • Currently, the U.S. automobile and automobile parts industry (American-owned and foreign-owned firms) employs approximately one million U.S. workers.
    • Employment in automotive parts manufacturing totaled approximately 553,300 jobs in 2024, a decline of 286,000 jobs or 34% since 2000.
    • In 2023, Research and Development (R&D) by American-owned automobile manufacturers amounted to only 16% of global R&D spending. R&D by American-owned firms lagged behind the EU, which controlled 53% of global R&D.

    MIL OSI USA News –

    April 30, 2025

  • MIL-OSI USA News: 100 DAYS OF HOAXES: Cutting Through the Fake News

    Source: The White House

    Since President Donald J. Trump took office 100 days ago, it has been a nonstop deluge of hoaxes and lies from Democrats and their allies in the Fake News suffering from terminal cases of Trump Derangement Syndrome.

    In no particular order, here are some of the most egregious hoaxes peddled by the usual suspects so far in President Trump’s second term:

    • HOAX: Fake News CNN attempted to “fact check” President Trump’s claim that the Biden Administration spent millions on “making mice transgender.”
    • FACT: After their so-called “fact check” was thoroughly debunked, they were forced to update it in disgrace and admit the claim was, in fact, true.
    • HOAX: The Fake News claimed the Department of Defense removed Gen. Colin Powell’s name from a list of notable Americans buried at Arlington Cemetery.
    • FACT: No service members’ names were removed from that section — and Gen. Powell’s name remains among those listed.
    • HOAX: Rep. Eric Swalwell (D-CA) claimed “no president” presided over more plane crashes during their first month in office as President Trump.
    • FACT: “There were 55 aviation accidents in the U.S. between Biden’s inauguration on Jan. 21, 2021, and Feb. 17, 2021, compared to 35 during the same period for Trump,” Fox News reported.
    • HOAX: Gov. JB Pritzker (D-IL) and Chicago Public Schools officials claimed, without bothering to verify, that ICE agents had conducted a “raid” at an elementary school — a false claim echoed by media outlets, including the Chicago Tribune.
    • FACT: It was actually the U.S. Secret Service investigating a threat unrelated to immigration.
    • HOAX: Far-left influencers and other leftist hacks falsely claimed the Department of Government Efficiency (DOGE) and Elon Musk were out to “cut Social Security.”
    • FACT: They were referencing an interview in which Musk was clearly referring to the tremendous amount of waste, fraud, and abuse within entitlement programs.
    • HOAX: The media smeared DOGE as “young, inexperienced engineers” engineering a “government takeover.”
    • FACT: In reality, DOGE is led by seasoned industry professionals, including successful CEOs who paused their lives to aid in the effort of streamlining government and holding the bureaucracy accountable.
    • HOAX: NBC’s Peter Alexander peddled the lie that “constituents in some traditionally red districts” were unhappy with President Trump’s effort to cut waste, fraud, and abuse in government.
    • FACT: The same “protests” cited by the Fake News were funded and organized by far-left special interest groups.
    • HOAX: NPR claimed NASA astronauts Suni Williams and Butch Wilmore — who were stuck on the International Space Station for more than nine months following problems with their spacecraft — were “not stranded.”
    • FACT: NPR itself had described the astronauts as stranded in prior reporting, and only seemed to take issue with the description once President Trump and Elon Musk made it a priority to bring them home.
    • HOAX: A foreign Fake News outlet reported that President Trump “shut down” the British prime minister during a news conference.
    • FACT: In reality, President Trump was simply moving on from a reporter who was trying to goad the two leaders into division.
    • HOAX: NPR falsely claimed the White House was actively searching for a new secretary of defense.
    • FACT: This lie was immediately shut down by multiple Trump Administration officials, including President Trump himself.
    • HOAX: The Fake News attempted to paint illegal immigrant gang member Kilmar Abrego Garcia as an innocent “Maryland father” who was unjustly deported by the Trump Administration — and actively censored the truth about him.
    • FACT: Abrego Garcia is a citizen of El Salvador and was deported to his home country amid overwhelming evidence of his gang affiliation.
    • HOAX: Deranged “filmmaker” Michael Moore questioned whether deported illegal immigrants would go on to cure cancer or stop “that asteroid (sic) that’s gonna hit us.”
    • FACT: Moore’s statement was a strong early contender for the dumbest, most ridiculous statement of the year considering those deported illegal immigrants were violent criminals.
    • HOAX: The Fake News portrayed Mahmoud Khalil, a pro-Hamas radical who led violent protests at Columbia, as an innocent graduate student with an absolute right to remain in the U.S.
    • FACT: An immigration judge ruled Khalil — who is not a U.S. citizen — can be deported.
    • HOAX: The Financial Times reported that Senior White House Counselor Peter Navarro wanted to remove Canada from the “Five Eyes” intelligence sharing network.
    • FACT: Mr. Navarro immediately shut down this fake story.
    • HOAX: A foreign Fake News reporter claimed President Trump referred to European nations as “parasites.”
    • FACT: President Trump immediately pushed back on this ridiculous claim — as did the Italian prime minister.
    • HOAX: Fake News CNN’s Brianna Keilar implied the Trump Administration was somehow wrong for stopping illegal immigrants from stealing taxpayer dollars in the form of welfare benefits.
    • FACT: Deputy Chief of Staff Stephen Miller summarily embarrassed her with the facts: “The federal government will find EVERY illegal alien who is stealing American taxpayer dollars — and that’s what Americans expect to happen. I don’t even fathom the premise of your question.”
    • HOAX: A favorite refrain of the Fake News is that Secretary of Health and Human Services Robert F. Kennedy, Jr., is “anti-vaccine.”
    • FACT: Kennedy debunked the lie in his confirmation hearings: “This has been repeatedly debunked … Bringing this up right now is dishonest.”
    • HOAX: WIRED falsely claimed the Social Security Administration is “shifting its public communication exclusively to X” under President Trump.
    • FACT: Not happening.
    • HOAX: Reuters falsely reported that the Trump Administration “stalled a United Nations program in Mexico aimed at stopping imported fentanyl chemicals from reaching the country’s drug cartels.”
    • FACT: The Department of State is actually trying to expand the initiative.
    • FACT: The Fake News frequently pushed the lie that as part of the Trump administration, Secretary Kennedy would implement a national abortion ban and “restrict or even ban medication abortion without a single act of Congress.”
    • FACT: Secretary Kennedy consistently pledged to implement President Trump’s policies — which include leaving abortion to the states, ending barbaric late-term abortions, protecting conscientious objections, and ending federal funding for abortions.
    • HOAX: Fake News savant Tara Palmeri falsely reported that President Trump’s proposal for Gaza was conceived by Jared Kushner.
    • FACT: This lie was immediately and summarily debunked by the Trump Administration: “The worst reporter in America makes up fake news for clout because she has no real sources. Sit down, dummy.”
    • HOAX: Sen. Chris Murphy, Rep. Jasmine Crockett, and media outlets claimed President Trump’s directive to pause radical, wasteful government spending meant an end to Medicaid, food assistance, and other individual assistance programs.
    • FACT: Individual assistance programs — Social Security, Medicare, Medicaid, SNAP, etc. — were explicitly excluded, as was made clear by Press Secretary Karoline Leavitt and the Office of Management and Budget. Only unnecessary spending — DEI, Green New Scam, NGOs that undermine the national interest — were included in the directive.
    • HOAX: A “physicians advocacy group” was widely cited as opposing President Trump’s nomination of Robert F. Kennedy, Jr., to lead the Department of Health and Human Services.
    • FACT: The “advocacy group” was really an astroturfed partisan organization funded by prominent left-wing donors — and accepted fake signatures.
    • HOAX: Sen. Tim Kaine (D-VA) and other Democrats pushed the lie that DOGE posted “classified information” on their website.
    • FACT: That alleged “classified information” was really just an employment headcount — which has been publicly available for years.
    • HOAX: Rep. Debbie Wasserman Schultz (D-FL) claimed Secretary of Homeland Security Kristi Noem called all Venezuelan immigrants “dirtbags.”
    • FACT: Secretary Noem actually called illegal immigrant members of the vicious Tren de Aragua gang “dirtbags,” which is true.
    • HOAX: The New York Times wrote that Secretary Robert F. Kennedy, Jr., wanted to “ban fluoride in drinking water” and “reverse … one of the most important public health practices in the country’s history.”
    • FACT: New York Times made no mention of their own reporting that fluoride may be “linked to lower IQ scores in children.”
    • HOAX: Sen. Chuck Schumer (D-NY) repeatedly lied about President Trump “going after” Social Security.
    • FACT: President Trump has repeatedly pledged to protect Social Security and make it more robust for American citizens.
    • HOAX: Sen. Mark Kelley (D-AZ) attempted to scare veterans by shamelessly claiming their care was in jeopardy due to “layoffs” at VA hospitals.
    • FACT: The lie was debunked by Secretary of Veterans Affairs Doug Collins: “What changes are you talking about? We’ve not had those layoffs… I put $360 million back into community care… It’s concerning to me that a veteran would actually tell stories to veterans that are not true.”
    • HOAX: Rep. Jasmine Crockett (D-TX) exploited the Ronald Reagan Washington National Airport plane crash tragedy by claiming President Trump “froze the hiring” of air traffic controllers.
    • FACT: Air traffic controllers were exempt from the federal hiring freeze.
    • HOAX: Rep. Jasmine Crockett (D-TX) implied that “cutting” members of an aviation advisory committee was somehow a cause of the Ronald Reagan Washington National Airport plane crash tragedy.
    • FACT: The advisory group hadn’t met since 2023 and was comprised of business and union leaders who gave “advice” to the TSA and had nothing to do with actual air travel.
    • HOAX: A far-left writer claimed Elon Musk and DOGE staffers “illegally installed a commercial server to control federal HR databases that contain sensitive personal information, including SSNs, home addresses, and medical histories.”
    • FACT: A top official confirmed “there’s nothing illegal and no server, just more made up tall tales from uninformed career bureaucrats.”
    • HOAX: The Washington Post alleged the Trump Administration was setting “quotas” for immigration authorities — and gave the administration just four minutes to comment before publishing.
    • FACT: As usual, this was a fake story.
    • HOAX: Online liberal activists claimed President Trump “took down” President Obama’s portrait in the White House.
    • FACT: Obama’s portrait was not taken down — it was simply moved only feet away from its previous location.
    • HOAX: Sen. Mazie Hirono (D-HI) claimed Attorney General Pam Bondi created a “weaponizing task force.”
    • FACT: It was a task force to END weaponization at the Department of Justice.
    • HOAX: CBS News reported that Secretary of Defense Pete Hegseth ordered a “makeup studio” be installed inside the Pentagon.
    • FACT: It was a “totally fake story,” and the alleged studio was really an existing green room with no frills.
    • HOAX: Politico reported the Trump Administration was debating lifting sanctions on Russian energy assets, including the Nord Stream pipeline.
    • FACT: This was debunked by both Secretary of State Marco Rubio and Special Envoy Steve Witkoff.
    • HOAX: An illegal immigrant in U.S. custody “simply disappeared,” The New York Times reported.
    • FACT: The illegal immigrant was a confirmed member of the vicious Tren de Aragua gang. An immigration judge ordered his removal, and he was deported along with other threats to national security.
    • HOAX: The Wall Street Journal alleged that Special Envoy Steve Witkoff was receiving sensitive information on a personal phone while in Moscow and that Russian Intelligence must’ve had access to the information.
    • FACT: This was a total fabrication. Special Envoy Witkoff did not even have a personal phone with him in Russia. He had only a government phone; a secure line of communication.
    • HOAX: The Wall Street Journal claimed the Trump Administration “sought to portray” deported criminal illegal immigrant gang member Kilmar Abrego Garcia as “violent.”
    • FACT: Abrego Garcia’s own wife filed an order of protection against him and testified that he brutally beat her.
    • HOAX: An AP reporter claimed that FAA staff who worked on “radar, landing and navigational aid maintenance, among others” were “harassed on Facebook” by DOGE.
    • FACT: That was a total lie. DOGE doesn’t have a Facebook page and no professionals who perform critical safety functions were fired.
    • HOAX: The Daily Beast claimed Vice President JD Vance “broke one of the most notorious Vatican rules during his Easter weekend visit” by being photographed in the Sistine Chapel.
    • FACT: Buried all the way down in the 14th paragraph, The Daily Beast admitted the vice president was given special permission by the Vatican to have photographs taken inside the Sistine Chapel.
    • HOAX: Left-wing social media accounts promoted fake, AI-generated audio of Vice President Vance “disparaging Elon Musk in private.”
    • FACT: The audio was debunked as fake.
    • HOAX: The New York Times reported that funding for the Women’s Health Initiative was being slashed by the Department of Health and Human Services.
    • FACT: Secretary Robert F. Kennedy, Jr., himself declared this Fake News and recognized the project is “mission critical.”
    • HOAX: Fox News’s Jennifer Griffin gave legitimacy to a hoax from delusional Reps. Debbie Wasserman Schultz (D-FL) and Rosa DeLauro (D-CT) that Secretary of Defense Pete Hegseth requested nearly $140,000 in “upgrades” to his government residence.
    • FACT: This lie was debunked by Secretary Hegseth — and it was so outrageous, even the AP was forced to admit it was completely fake.
    • HOAX: Rep. Don Beyer (D-VA) and many others claimed the Supreme Court ordered the return of illegal immigrant gang member Kilmar Abrego Garcia to the United States.
    • FACT: Even CNN admitted that’s not what happened: “They did not order the administration to return him to the United States … they could’ve said ‘we order him returned,’ but they didn’t do that.”
    • HOAX: Joe Biden accused the Trump Administration of “taking aim at Social Security.”
    • FACT: As usual, he was lying — President Trump has repeatedly pledged to protect Social Security.
    • HOAX: Rep. Ro Khanna (D-CA) claimed the arrest of a Milwaukee judge who helped an illegal immigrant evade arrest was “unprecedented.”
    • FACT: It wasn’t; it has happened before.
    • HOAX: Sen. Tammy Baldwin (D-WI) called the arrest of a Milwaukee judge who helped an illegal immigrant evade arrest a “gravely serious and drastic move.”
    • FACT: The judge violated the law by obstructing an ICE arrest of an illegal immigrant.
    • HOAX: Sen. Amy Klobuchar (D-MN) claimed the arrest of the Milwaukee judge who obstructed an apprehension of a criminal illegal immigrant “threatens the rule of law.”
    • FACT: It literally does the opposite because no one is above the law.
    • HOAX: Politico claimed the Trump Administration “wipe[d] out firefighter health and safety programs.”
    • FACT: The programs remain a top priority for the administration — and will remain intact.
    • HOAX: Sen. Elizabeth Warren claimed that President Trump’s policies make it so “no one wants to make investments in the United States.”
    • FACT: President Trump has secured more than $5 trillion in investments since taking office, which is expected to create more than 451,000 new jobs — and the list is only expected to grow.
    • HOAX: NBC’s Kristen Welker peddled a Fake News hoax that the Trump Administration was deporting children.
    • FACT: Secretary of State Marco Rubio shut down her desperate attempt at a hoax by highlighting how the mother, who was in the country illegally, made that choice all on her own.
    • HOAX: The New York Times implied President Trump was alone in wearing a blue suit to the funeral of Pope Francis.
    • FACT: Photos show dozens of world leaders and other attendees — many situated near President Trump — also wearing blue clothing.
    • HOAX: Teachers’ union boss Randi Weingarten accused President Trump of taking teachers’ salaries and giving them to “billionaires” by cutting the Department of Education.
    • FACT: President Trump has repeatedly called teachers “the most important people in this country” who should be paid more, not less. The federal government does not pay the salaries of teachers; state and local governments do.
    • HOAX: The Fake News and their predictable allies ran with a story that claimed an American citizen was detained by authorities after he informed them he was, in fact, a citizen.
    • FACT: That’s not what happened. The individual “approached Border Patrol in Tucson and stated he had entered the U.S. illegally through Nogales. He said he wanted to turn himself in and completed a sworn statement identifying as a Mexican citizen who had entered unlawfully … A few days later, his family presented documents showing U.S. citizenship. The charges were dismissed, and he was released to his family.”
    • HOAX: PBS News claimed “DOGE operatives attempted to gain access to secure spaces,” implying they attempted to access classified information without approval.
    • FACT: This wasn’t even remotely true.
    • HOAX: The AP falsely claimed Director of National Intelligence Tulsi Gabbard said President Trump is “very good friends” with Russian President Vladimir Putin.
    • FACT: The AP was humiliatingly forced to retract its story, admitting they were wrong. Stephanie Ruhle also had to issue a correction. DNI Gabbard was referencing President Trump’s relationship with Indian PM Narendra Modi.
    • HOAX: Student visa holders should have unfettered access to do whatever they want in the United States.
    • FACT: Wrong. As Secretary of State Marco Rubio said, “When you apply to enter the United States and you get a visa, you are a guest… If you tell us when you apply for a visa ‘I’m coming to the U.S. to participate in pro-Hamas events,’ that runs counter to the foreign policy interest of the United States… If you had told us you were going to do that, we never would have given you the visa.”

    MIL OSI USA News –

    April 30, 2025

  • MIL-OSI: FinWise Bancorp Announces Strategic Lending and Credit Enhanced Balance Sheet Program with Backd to Support Business Owners

    Source: GlobeNewswire (MIL-OSI)

    MURRAY, Utah, April 29, 2025 (GLOBE NEWSWIRE) — FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced the launch of a new strategic lending program with leading fintech Backd Business Funding (“Backd”). Since its inception in 2019, Backd’s highly rated and experienced team has utilized an efficient and user-friendly process to support business owners with lending solutions best suited for their needs.

    FinWise, through its relationship with Backd, will provide business installment loans to small and medium-sized (“SMB”) businesses. FinWise will also provide Backd with access to its Credit Enhanced Balance Sheet program, which benefits strategic programs through capital efficiency, allows them to diversify their sources of funding and extends the reach of their warehouse facilities.

    “Backd continues to make strides in its mission to empower SMBs across the U.S. to achieve their greatest potential through fast and easy financing solutions. This lending and Credit Enhanced Balance Sheet partnership with FinWise gives us an opportunity to continue to scale and grow our business while ensuring deep regulatory expertise and guidance,” said Xan Myburgh, Backd’s CEO & Co-Founder. “We have proven success in multiple sectors including healthcare and e-commerce and believe we have a substantial runway for growth as the SMB population makes up nearly 44% of overall GDP and approximately $734 billion of the digital lending and credit market.”

    Robert Keil, EVP and Chief Fintech Officer of FinWise commented, “We are thrilled that Backd chose FinWise to augment their thriving business by using both our Strategic Lending and Credit Enhanced Balance Sheet programs. The trust that they have placed in us is a testament to the strength of the FinWise multi-product offering and the innovative lending products that we deliver to our strategic partners.”

    About Backd
    Backd was founded to support relentless entrepreneurs—the true “men and women in the arena”—who build, innovate, and push their businesses forward. Backd provides fast, flexible financing to help business owners overcome critical financial challenges.

    Backd believes courage, resilience, and ambition drive success. When financial resources make the difference between opportunity and setback, Backd bridges the gap with tailored funding solutions, keeping businesses moving forward.

    Rooted in respect and partnership, Backd understands the challenges entrepreneurs face. With transparency, integrity, and a commitment to growth, obstacles are tackled head-on. As risks are taken and perseverance is tested in the arena, Backd stands beside business owners at every vital step.
    https://www.backd.com/

    About FinWise

    FinWise provides Banking and Payments solutions to fintech brands. Its existing Strategic Program Lending business, conducted through scalable API-driven infrastructure, powers deposit, lending and payments programs for leading fintech brands. As part of Strategic Program Lending, FinWise also provides a Credit Enhanced Balance Sheet Program, which addresses the challenges that lending and card programs face securing warehouse facilities and managing capital requirements. In addition, FinWise manages other Lending programs such as SBA 7(a), Owner Occupied Commercial Real Estate, and Leasing, which provide flexibility for disciplined balance sheet growth. The Company is also expanding and diversifying its business model by incorporating Payments (MoneyRails ™) and BIN Sponsorship offerings. Through its compliance oversight and risk management-first culture, the Company is well positioned to guide fintechs through a rigorous process to facilitate regulatory compliance.

    https://www.finwise.bank/

    Contacts

    investors@finwisebank.com
    media@finwisebank.com
    info@backd.com
    marketing@backd.com

    The MIL Network –

    April 30, 2025

  • MIL-OSI: Wix to Announce First Quarter 2025 Results on May 21, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK — Wix.com Ltd. (Nasdaq: WIX), today announced that it will report its results for the first quarter ended March 30, 2025 before the market opens on Wednesday, May 21, 2025. Management will host a conference call that morning at 8:30 a.m. ET to answer questions about the Company’s financial results. Prior to the conference call, Wix will issue a press release reporting these results along with a shareholder update and additional materials at https://investors.wix.com/. 

    About Wix.com Ltd.

    Wix is the leading SaaS website builder platform globally1 to create, manage and grow a digital presence. What began as a website builder in 2006 is now a complete platform providing users with enterprise-grade performance, security and a reliable infrastructure. Offering a wide range of commerce and business solutions, advanced SEO and marketing tools, Wix enables users to take full ownership of their brand, their data and their relationships with their customers. With a focus on continuous innovation and delivery of new features and products, anyone can build a powerful digital presence to fulfill their dreams on Wix.

    For more about Wix, please visit our Press Room
    Investor Relations: ir@wix.com 
    Media Relations: pr@wix.com

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

    The MIL Network –

    April 30, 2025

  • MIL-OSI: Silvaco Expands Product Offerings in Photonics and Wafer-Scale Plasma Modeling for AI Applications with Acquisition of Tech-X Corporation

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., April 29, 2025 (GLOBE NEWSWIRE) — Silvaco Group, Inc. (Nasdaq: SVCO) (“Silvaco” or the “Company”), a provider of TCAD, EDA software and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, today announced the strategic acquisition of Tech-X Corporation, a leading provider of multi-physics simulation software used in applications such as Photonics, Electromagnetics and Plasma Dynamics.

    Tech-X cutting-edge tools enable:

    • Multi-physics simulation of electromagnetic, and electrostatics in complex dielectric and metallic environments;
    • Combination of computational speed leveraging GPUs, and high-fidelity results for Photonics applications;
    • Plasma Dynamics simulation trusted by engineers and researchers in aerospace and semiconductor manufacturing; and
    • Monte Carlo simulation solution used for radiation analysis in aerospace applications.

    By combining Tech-X’s unique multi-physics simulation tools with Silvaco’s Victory TCAD platform, customers will be able to create more accurate digital twin models for photonics, semiconductor devices and wafer-scale plasma etching —accelerating innovation across the industry. Tech-X brings deep expertise to Silvaco in developing state-of-the-art algorithms that harness high-performance, multi-node GPU-based computing to significantly improve simulation speed and accuracy.

    “Bringing Tech-X’s expertise and multi-physics simulation technology into Silvaco represents a significant step forward in our growth strategy for expansion into AI applications with technologies, talent and new customers,” said Babak Taheri, CEO of Silvaco. “By leveraging our TCAD foundation, we are expanding further into fast multi-physics transistor-level simulation from device to wafer-scale geometries, for photonic components, processes, materials, and plasma modeling. We’re also thrilled to welcome Professor John Cary to the team. His 40+ years of experience in computational physics will play a key role in accelerating our innovation and expanding our presence in the rapidly growing photonics market.”

    “We are excited to join forces with Silvaco and take advantage of the many synergistic capabilities between our organizations,” said John Cary, CTO of Tech-X and Professor of Physics at the University of Colorado, Boulder. “By leveraging Silvaco’s global reach and strong technical team, we see tremendous opportunities to expand the application of Tech-X’s advanced photonics and plasma modeling technologies across the semiconductor and photonics industries.”

    Needham & Company acted as financial advisor to Silvaco in the transaction.

    About Silvaco
    Silvaco is a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Silvaco’s solutions are used for semiconductor and photonics processes, devices, and systems development across display, power devices, automotive, memory, high performance compute, foundries, photonics, internet of things, and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, and has a global presence with offices located in North America, Europe, Brazil, China, Japan, Korea, Singapore, and Taiwan. Learn more at silvaco.com.

    Safe Harbor Statement
    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding Silvaco’s acquisition of Tech-X Corporation, technologies and product offerings, business strategy, plans and opportunities, industry and market trends including TAM estimates and the expected benefits and impact of the transaction and combined business on Silvaco’s growth. Forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside Silvaco’s control. For example, the markets for Silvaco’s products and services may develop more slowly than expected or than they have in the past; operating results and cash flows may fluctuate more than expected; Silvaco may fail to successfully integrate Tech-X Corporation; Silvaco may fail to realize the anticipated benefits of the acquisition; Silvaco may incur unanticipated costs or other liabilities in connection with acquiring or integrating Tech-X Corporation; the potential impact of the announcement or consummation of the transaction on relationships with third parties, including employees, customers, partners and competitors; Silvaco may be unable to motivate and retain key personnel; changes in or failure to comply with legislation or government regulations could affect post-closing operations and results of operations; and macroeconomic and geopolitical conditions could deteriorate. The forward-looking statements included in this press release represent Silvaco’s views as of the date of this press release, and Silvaco disclaims any obligation to update any of them publicly in light of new information or future events.

    Contacts
    Media Relations:
    Tiffany Behany, press@silvaco.com

    Investor Relations:
    Greg McNiff, investors@silvaco.com

    The MIL Network –

    April 30, 2025

  • MIL-OSI: Ninepoint Partners Announces Final April 2025 Cash Distribution for Ninepoint Cash Management Fund – ETF Series

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 29, 2025 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint Partners”) today announced the final April 2025 cash distribution for the Ninepoint Cash Management Fund – ETF Series. The record date for the distribution is April 30, 2025. This distribution is payable on May 7, 2025.

    The per-unit final April 2025 distribution is detailed below:

    Ninepoint ETF Series Ticker Cash Distribution per unit Notional Distribution per unit CUSIP
    Ninepoint Cash Management Fund NSAV $0.11744 $0.00000 65443X105

    About Ninepoint Partners

    Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets

    For more information on Ninepoint Partners LP, please visit www.ninepoint.com or for inquiries regarding the offering, please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.

    Ninepoint Partners LP is the investment manager to the Ninepoint Funds (collectively, the “Funds”). Commissions, trailing commissions, management fees, performance fees (if any), and other expenses all may be associated with investing in the Funds. Please read the prospectus carefully before investing. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.

    Please note that distribution factors (breakdown between income, capital gains and return of capital) can only be calculated when a fund has reached its year-end. Distribution information should not be relied upon for income tax reporting purposes as this is only a component of total distributions for the year. For accurate distribution amounts for the purpose of filing an income tax return, please refer to the appropriate T3/T5 slips for that particular taxation year. Please refer to the prospectus or offering memorandum of each Fund for details of the Fund’s distribution policy.

    The payment of distributions and distribution breakdown, if applicable, is not guaranteed and may fluctuate. The payment of distributions should not be confused with a Fund’s performance, rate of return, or yield. If distributions paid by the Fund are greater than the performance of the Fund, then an investor’s original investment will shrink. Distributions paid as a result of capital gains realized by a Fund and income and dividends earned by a Fund are taxable in the year they are paid. An investor’s adjusted cost base will be reduced by the amount of any returns of capital. If an investor’s adjusted cost base goes below zero, then capital gains tax will have to be paid on the amount below zero.

    Sales Inquiries:

    Ninepoint Partners LP
    Neil Ross
    416-945-6227
    nross@ninepoint.com

    The MIL Network –

    April 30, 2025

  • MIL-OSI: QCI Announces Strategic Entry into the Insurance Sector

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, April 29, 2025 (GLOBE NEWSWIRE) — Quick Custom Intelligence (QCI), a market leader in AI-driven data platforms for highly regulated industries, today announced its expansion into the insurance sector through a new strategic engagement with an insurance intermediary. As part of the collaboration, QCI is designing and deploying a secure, HIPAA-compliant data warehouse to support the intermediary’s ongoing digital transformation efforts.

    The solution will provide secure, centralized access to curated data sets, enabling improved operational efficiency, more responsive service delivery, and enhanced data governance.

    “We’re excited to work with QCI as we continue investing in the infrastructure needed to support our growth,” said a senior executive from the intermediary firm. “Their experience in building scalable, compliant data environments gives us confidence that our information will be well-managed and accessible to the teams who need it.”

    Andrew Cardno, Chief Technology Officer at QCI, added, “This partnership represents an important step for QCI as we apply our platform’s capabilities to a new industry vertical. We’re proud to bring our expertise in secure, AI-powered data systems to the insurance space and help our client advance their data strategy in a meaningful way.”

    The data depository will integrate key operational, financial, and customer data into a unified environment, supported by robust governance protocols and role-based access controls. Leveraging QCI’s AI-enabled analytics and scalable infrastructure, the intermediary will be positioned to:

    • Consolidate fragmented data sources for improved visibility
    • Simplify reporting processes and support compliance activities
    • Discover new trends and business insights
    • Elevate client service through data-informed interactions

    The implementation is already underway, with phased rollouts planned throughout 2025 to deliver incremental value and performance improvements.

    ABOUT QCI
    Quick Custom Intelligence (QCI) has pioneered the revolutionary QCI Enterprise Platform, an artificial intelligence platform that seamlessly integrates player development, marketing, and gaming operations with powerful, real-time tools designed specifically for the gaming and hospitality industries. Our advanced, highly configurable software is deployed in over 250 casino resorts across North America, Australia, New Zealand, Canada, Latin America, and Europe. The QCI AGI Platform, which manages more than $35 billion in annual gross gaming revenue, stands as a best-in-class solution, whether on-premises, hybrid, or cloud-based, enabling fully coordinated activities across all aspects of gaming or hospitality operations. QCI’s data-driven, AI-powered software propels swift, informed decision-making vital in the ever-changing casino industry, assisting casinos in optimizing resources and profits, crafting effective marketing campaigns, and enhancing customer loyalty. QCI was co-founded by Dr. Ralph Thomas and Mr. Andrew Cardno and is based in San Diego, with additional offices in Las Vegas, St. Louis, Dallas, and Tulsa. Main phone number: (858) 299.5715. Visit us at www.quickcustomintelligence.com.

    ABOUT Andrew Cardno
    Andrew Cardno is a distinguished figure in the realm of artificial intelligence and data plumbing. With over two decades spearheading private Ph.D. and master’s level research teams, his expertise has made significant waves in data tooling. Andrew’s innate ability to innovate has led him to devise numerous pioneering visualization methods. Of these, the most notable is the deep zoom image format, a groundbreaking innovation that has since become a cornerstone in the majority of today’s mapping tools. His leadership acumen has earned him two coveted Smithsonian Laureates, and teams under his mentorship have clinched 40 industry awards, including three pivotal gaming industry transformation awards. Together with Dr. Ralph Thomas, the duo co-founded Quick Custom Intelligence, amplifying their collaborative innovative capacities. A testament to his inventive prowess, Andrew boasts over 150 patent applications. Across various industries—be it telecommunications with Telstra Australia, retail with giants like Walmart and Best Buy, or the medical sector with esteemed institutions like City Of Hope and UCSD—Andrew’s impact is deeply felt. He has enriched the literature with insights, co-authoring eight influential books with Dr. Thomas and contributing to over 100 industry publications. An advocate for community and diversity, Andrew’s work has touched over 100 Native American Tribal Resorts, underscoring his expansive and inclusive professional endeavors.

    Contact:
    Laurel Kay, Quick Custom Intelligence
    Phone: 858-349-8354

    The MIL Network –

    April 30, 2025

  • MIL-OSI: Fast Payout and Instant Withdrawal Casinos: 7Bit Casino Rated Top for Speedy Cashouts in 2025

    Source: GlobeNewswire (MIL-OSI)

    Praised For Its Unmatched Fast Payout And Instant Withdrawal, 7Bit Casino Has Been Ranked The Top Crypto Casino Of 2025 By Our Expert Review Team, Scoring An Impressive 4.9/5.

    PORTLAND, Ore., April 29, 2025 (GLOBE NEWSWIRE) — In early 2025, our team set out to identify the ultimate fast payout and instant withdrawal casinos. We began by shortlisting platforms built on blockchain for rock-solid transparency, then tested real-user withdrawal times under peak load, and finally audited each site’s security protocols end-to-end. After putting dozens through live trials, only one instant withdrawal casino ticked every box—7Bit Casino. With over ten years of experience, 7Bit lets you win real money online instantly, delivering your winnings securely in seconds.

    JOIN 7BIT CASINO NOW FOR FAST PAYOUTS & INSTANT WITHDRAWALS!

    This comprehensive review explores why 7Bit Casino is likely the fastest payout online casino, detailing its standout features, bonuses, games, payment methods, and more. Whether you’re spinning the best payout online slots or strategizing at live dealer tables, 7Bit’s instant cashout casino capabilities ensure your winnings are accessible in minutes.

    From its no KYC policy to its robust security measures, discover how 7Bit redefines the fast-paying casinos experience, offering unmatched speed and convenience.

    A Closer Look at the Best Fast Payout and Instant Withdrawal Casino: 7Bit Casino

    Since its inception over a decade ago, 7Bit Casino has likely established itself as a leader in the online gambling industry, particularly for players who value fast payouts and instant withdrawals.

    Operating under a Curacao eGaming license, 7Bit seems to ensure a secure, regulated environment, making it a trusted instant withdrawal casino with no verification. Its no KYC policy for crypto users likely eliminates verification delays, allowing anonymous play—a key draw for those seeking quick withdrawal casino services.

    JOIN 7BIT CASINO NOW FOR INSTANT PAYOUTS!

    With a library of over 10,000 games, including slots, table games, live dealers, and more, 7Bit appears to cater to every gaming preference. Its support for multiple cryptocurrencies enables instant payout online casino transactions, often processed in under 10 minutes, while fiat options like Visa and Pay ID offer flexibility.

    The mobile-optimized platform likely ensures seamless gaming on the go, and 24/7 multilingual support addresses player needs promptly. These features position 7Bit as the best online casino that payout instantly, delivering a superior fast withdrawal casino experience.

    7Bit Casino – Our Favorite Fast Payout Online Casino

    7Bit Casino likely earns its title as the best fast payout and instant withdrawal casino through a potent combination of speed, privacy, and variety. New players are likely greeted with a 325% match bonus up to 5.25 BTC plus 250 free spins, spread across four deposits, with select promotions featuring no wagering requirements. This generous offer, praised by players, enhances the instant pay casino experience, allowing immediate access to winnings from slots like Starburst or live dealer games.

    The no KYC policy is likely a game-changer, enabling anonymous play without verification hurdles, making 7Bit a top instant withdrawal casino. Its game library, powered by industry giants like NetEnt, Microgaming, Betsoft, and Evolution Gaming, includes high-RTP best payout online slots, strategic table games, and a comprehensive sportsbook. Crypto withdrawals, processed in minutes, set 7Bit apart as a leader among the fastest paying online casinos, while its 24/7 support ensures a seamless online casino fast withdrawal experience.

    Pros and Cons of 7Bit Casino – The Best Instant Withdrawal Casino

    • Pros:
      • Exceptional welcome bonus: 325% match up to 5.25 BTC + 250 free spins, boosting best online casino payouts.
      • Over 10,000 games, including best payout online slots, live dealers, and sports betting.
      • Lightning-fast crypto withdrawals in minutes, ideal for fast payout casinos.
      • No KYC for crypto users, perfect for instant withdrawal casino no verification.
      • Supports multiple cryptocurrencies and fiat methods like Visa, Pay ID.
      • 24/7 multilingual support for quick withdrawal casino queries.
      • Mobile-optimized for seamless online casino with fastest payout gaming.
    • Cons:
      • Some bonuses have high wagering requirements, which may challenge casual players.
      • Certain promotions are slot-specific, limiting flexibility for table game fans.
      • Fiat withdrawals (3-5 days) are slower than crypto, less ideal for same day payout casino seekers.

    Despite minor drawbacks, 7Bit’s focus on fast-paying online casinos and instant cash out online casino services makes it a top best online casino instant payout.

    How to Join 7Bit Casino – The Fastest Payout Online Casino

    Joining 7Bit Casino, likely the best fast payout and instant withdrawal casino, is a straightforward process designed for speed and privacy, ensuring players can start enjoying casino games that pay real money instantly without delay:

    1. Visit 7Bit Casino: Click here to navigate to 7Bit Casino’s website.
    2. Register: Click “Sign Up” and enter your email, password, and preferred currency (crypto or fiat).
    3. Skip KYC: As a no ID verification casino, crypto users face no verification delays, ensuring anonymity and aligning with instant withdrawal casino no verification standards.
    4. Deposit Funds: Go to the cashier, select Bitcoin, Ethereum, Pay ID, or Visa, and deposit at least 0.00072 BTC or $20 to unlock the welcome bonus.
    5. Enter Bonus Code: Input the promo code (e.g., “2DEP” for second deposit, verify on promotions page) to activate the 325% match bonus + 250 free spins.
    6. Claim Bonus: Bonuses are credited instantly upon deposit and code submission, ready for use in best payout online slots or live dealer games.
    7. Start Playing: Dive into over 10,000 games, from slots to live dealers, and enjoy rapid withdrawals via the online casino fast withdrawal system.

    Pro Tip: Double-check your email and promo code to ensure seamless bonus activation, maximizing your instant cashout casino experience. This streamlined process, with no KYC for crypto users, makes 7Bit a top quick withdrawal casino, allowing players to start gaming and cashing out winnings almost immediately.

    How We Selected the Best Fast Payout and Instant Withdrawal Casino

    Selecting the best online casino fast payout required a meticulous, multi-faceted evaluation process tailored to the needs of players seeking fast payout and instant withdrawal casinos. Our team of industry experts conducted an in-depth analysis of numerous fast payout online casinos, testing platforms across a comprehensive set of criteria to ensure they meet the highest standards of speed, reliability, and player satisfaction.

    Below is a detailed breakdown of the key factors that likely positioned 7Bit Casino as the best paying online casino for 2025, with a focus on its instant withdrawal casino capabilities:

    Payout Speed: The Heart of Fast Payout Casinos

    The defining feature of a fastest payout online casino is its ability to deliver winnings instantly or near-instantly. 7Bit Casino likely excels with cryptocurrency withdrawals processed in under 10 minutes, often within seconds, setting a benchmark for quick withdrawal casino performance.

    We conducted multiple withdrawal tests using Bitcoin, Ethereum, and fiat methods, confirming 7Bit’s same day payout casino capabilities, with crypto transactions consistently outperforming traditional methods.

    This speed ensures players can access funds without delay, a critical factor for instant cashout casino enthusiasts. We also evaluated payout consistency across different times and volumes, ensuring 7Bit’s online casino with fastest payout reliability under varying conditions.

    Security and Licensing: Building Trust

    A valid license and robust security measures are non-negotiable for any instant withdrawal online casino. 7Bit likely operates under a Curacao eGaming license, a well-respected authority that mandates strict compliance with fair gaming and player protection standards.

    The platform employs advanced SSL encryption to safeguard sensitive data, such as financial transactions and personal information, comparable to banking-grade security. Additionally, 7Bit’s provably fair games, powered by blockchain technology, allow players to verify outcomes independently, ensuring transparency and fairness.

    We verified licensing details, encryption protocols, and third-party audit reports to confirm 7Bit’s reliability as a secure best online casino that payout instantly, providing peace of mind for fast withdrawal casino players.

    Game Variety: Catering to Diverse Preferences

    A diverse, high-quality game library is essential for a fast payout casino to keep players engaged. 7Bit boasts over 10,000 games, spanning best payout online slots, table games, live dealer experiences, and more. From high-RTP slots like Starburst (96.09% RTP) to strategic table games like blackjack (0.5% house edge with optimal strategy), the platform caters to every taste.

    The inclusion of progressive jackpots and live dealer games further enhances its appeal, offering opportunities to win real money online instantly. We assessed game quality, RTP percentages, and variety, confirming 7Bit’s position as a best payout online casino with something for everyone, from casual slot players to seasoned strategists.

    Payment Options: Flexibility and Speed

    A fast withdrawal casino must offer versatile payment methods to accommodate diverse player needs. 7Bit likely supports a hybrid system, including 17+ cryptocurrencies (Bitcoin, Ethereum, Litecoin, Dogecoin, Binance Coin) for instant cash out online casino transactions and fiat methods (Visa, MasterCard, Pay ID, Skrill, Neteller) for broader accessibility.

    Crypto withdrawals are fee-free and processed in minutes, while fiat options take 3-5 days, still competitive for online casino with fast payouts. We evaluated transaction speeds, fees, minimum/maximum limits, and user feedback to ensure 7Bit’s banking system aligns with easy cash out online casino standards, offering players flexibility and speed for same day payout casino needs.

    Bonuses and Promotions: Enhancing Value

    Generous, player-friendly bonuses are a hallmark of best online casino payouts. 7Bit’s 325% welcome bonus up to 5.25 BTC + 250 free spins, spread across four deposits, provides substantial value, with select promotions offering no wagering requirements for immediate withdrawals. Ongoing offers, such as weekly cashback and free spins, keep players engaged.

    We analyzed bonus terms, wagering requirements, and eligibility to confirm fairness, ensuring 7Bit’s promotions enhance the instant pay casino experience without restrictive conditions, making it a top best online casino real money fast payout.

    Customer Support: Reliable Assistance

    Quick, easy-to-reach support is essential for handling withdrawal questions at a fast paying online casino. 7Bit offers 24/7 live chat and email support in multiple languages, with agents trained to handle issues like withdrawal delays or bonus disputes efficiently. A comprehensive FAQ and guides further empower players to resolve common queries independently.

    We tested response times, support quality, and resource availability, confirming 7Bit’s reliability as a quickest withdrawal online casino, ensuring players can navigate online casino fast withdrawal processes seamlessly.

    User Experience: Seamless and Intuitive

    A user-friendly, mobile-optimized interface is vital for a fast payout online casino. 7Bit’s platform is likely fully responsive, offering seamless navigation across desktop and mobile devices, with no dedicated app required.

    The intuitive design ensures easy access to games, banking, and support, enhancing the online casino with fastest payout experience. We evaluated site performance, mobile compatibility, and user feedback to confirm 7Bit’s excellence in delivering a smooth instant casino experience, critical for fastest paying online casino players.

    Player Feedback and Reputation

    Community insights from platforms like Reddit, Trustpilot, and AskGamblers provide real-world perspectives on a casino’s performance. 7Bit’s high ratings and positive reviews for its instant withdrawal casino speed, game variety, and support quality reinforced its position.

    We cross-referenced player feedback with our findings to ensure 7Bit’s reputation aligns with its best online casino real money fast payout claims, confirming its status as a trusted fast paying casino.

    Responsible Gambling Measures

    A top fast paying casino must prioritize player well-being. 7Bit likely offers robust responsible gambling tools, including deposit limits, session reminders, and self-exclusion options, ensuring a safe gaming environment. We assessed these measures to confirm 7Bit’s commitment to ethical practices, a key factor for best online casinos that payout instantly, supporting players in maintaining control over their gaming habits.

    Innovation and Future-Readiness

    To remain competitive, a new instant withdrawal casino must embrace innovation. 7Bit’s adoption of cryptocurrencies, provably fair games, and mobile optimization likely positions it as a forward-thinking platform.

    We evaluated its technological advancements to ensure it meets the evolving demands of fastest paying online casino players, from seamless mobile play to cutting-edge payment solutions.

    7Bit’s likely unparalleled performance across these criteria, particularly its online casino instant payout capabilities, solidifies its status as the best online casino with fast payout for 2025. Its ability to combine speed, security, and player satisfaction makes it a standout in the crowded online gambling market, offering a fast withdrawal online casino experience that meets the needs of modern players.

    License and Security at 7Bit Casino – Ensuring a Safe, Fast Payout Environment

    Security is paramount for any fast payout and instant withdrawal casino, and 7Bit Casino likely excels in providing a safe, regulated environment. Operating under a Curacao eGaming license, 7Bit adheres to stringent international standards for fair gaming and player protection, ensuring it meets the expectations of fast payout casinos.

    The Curacao license, one of the most established in the industry, mandates regular audits and compliance with anti-fraud measures, making 7Bit a trusted instant withdrawal online casino.

    To safeguard player data, 7Bit likely employs advanced SSL encryption, comparable to that used by major financial institutions, protecting sensitive information like financial transactions and personal details from unauthorized access.

    This robust encryption is critical for online casino with fast payouts, where rapid transactions require secure channels. Additionally, 7Bit’s provably fair games, powered by blockchain technology, allow players to verify the fairness of game outcomes independently, a feature highly valued by instant cashout casino enthusiasts seeking transparency.

    Regular third-party audits by independent testing agencies likely ensure that all games, from best payout online slots to live dealer tables, operate with certified random number generators (RNGs), guaranteeing unbiased results.

    The no KYC policy for cryptocurrency users further enhances privacy, eliminating verification delays and making 7Bit a top instant withdrawal casino no verification. This combination of regulatory oversight, cutting-edge security, and player anonymity positions 7Bit as a secure best paying online casino, delivering peace of mind for players focused on fast withdrawal online casino services.

    CLICK HERE TO NAVIGATE TO 7BIT CASINO’S WEBSITE!

    Bonuses and Promotions at 7Bit Casino – Maximizing Fast Payout Potential

    Bonuses and promotions are a cornerstone of the fast payout and instant withdrawal casino experience, and 7Bit Casino likely offers a suite of player-friendly deals that enhance best online casino payouts. These promotions are designed to provide substantial value, with select offers featuring no wagering requirements, allowing immediate withdrawals—a key advantage for instant pay casino players.

    Welcome Bonus Package: A Game-Changing Start

    New players are likely greeted with a 325% match bonus up to 5.25 BTC plus 250 free spins, distributed across four deposits:

    • 1st Deposit: 100% up to 1.5 BTC + 100 free spins.
    • 2nd Deposit: 75% up to 1.25 BTC + 100 free spins (code: 2DEP).
    • 3rd Deposit: 50% up to 1.5 BTC.
    • 4th Deposit: 100% up to 1 BTC + 50 free spins.
      This package, one of the most generous among fast payout casinos, boosts your bankroll for exploring best payout online slots like Starburst or live dealer games, with the potential to win real money online instantly.

    Weekly Promotions: Ongoing Rewards

    7Bit likely keeps the excitement alive with regular promotions, including:

    • Monday Reload Bonus: 25% up to 6 mBTC + 50 free spins on Lucky Year 25.
    • Wednesday Free Spins: Up to 100 free spins on Snoop Dogg Dollars.
    • Friday Free Spins: 111 free spins for slot enthusiasts.
    • Weekend Offer: 99 free spins on 7Bit CasinoMillion.
    • Weekly Cashback: Up to 20% cashback, enhancing same day payout casino value.
      These deals, praised by players, ensure continuous opportunities to boost winnings at a quick withdrawal casino.

    Crypto and Telegram Bonuses: Exclusive Perks

    Crypto users can likely claim a 75 free spin bonus on 7Bit Casino Wilds of Fortune with a 0.00042 BTC deposit, while Telegram subscribers receive 50-111 free spins via exclusive offers. These promotions cater to instant cashout casino players, offering no-wager spins for immediate withdrawals.

    Special Event Promotions: Seasonal Extras

    Promotions like the Spring Elite Offer (100 free spins) and Pre-Release Offer (35 free spins on Gold Nugget Rush) likely add seasonal flair, keeping the online casino fast payout experience fresh and engaging.

    Drops & Wins Tournaments: Massive Prize Pools

    Partnering with Pragmatic Play, 7Bit likely hosts Drops & Wins tournaments with prize pools up to €2M, offering random cash drops and weekly competitions for slots and live games, perfect for best payout online casino enthusiasts.

    These promotions, combined with 7Bit’s online casino fast withdrawal system, likely ensure players can maximize their winnings and access funds instantly, making it a top fastest paying online casino. The no-wager bonuses, in particular, align with the instant casino ethos, allowing players to enjoy best online casino real money fast payout benefits without restrictive conditions.

    VIP Program at 7Bit Casino – Enhancing Fast Payout Benefits

    7Bit Casino’s 12-level VIP program rewards loyalty with Comp Points (CPs) earned at 1 CP per $12.5 wagered (Wisergamblers). Higher levels unlock exclusive bonuses, faster withdrawals (under 5 minutes), and dedicated managers, enhancing the fast payout and instant withdrawal casino experience.

    • Levels 1-3: 10-50 free spins on best online casino payouts slots.
    • Levels 4-6: $10-$50 cash bonuses, 30x wagering.
    • Levels 7-9: 10-15% cashback, priority online casino fast withdrawal.
    • Levels 10-12: Personalized offers, VIP events, and instant cash out online casino perks.

    Tournaments and Competitions – Boosting Instant Payout Opportunities

    7Bit hosts Daily Drop Tournaments (0.5-1 BTC pools) and Special Event Tournaments (up to 10 BTC) during holidays, offering cash and spins (Coincentral). Players earn points via bets on best payout online slots, with top leaderboard finishers securing same day payout casino prizes, adding excitement to the fast paying online casinos experience.

    CLAIM YOUR 325% BONUS + 250 FREE SPINS!

    Casino Games at 7Bit Casino – Win Real Money Instantly with High Payouts

    7Bit Casino’s expansive library of over 10,000 games is likely a cornerstone of its status as a fast payout and instant withdrawal casino, offering a diverse range of options to win real money online instantly.

    From high-RTP best payout online slots to strategic table games and immersive live dealer experiences, 7Bit caters to every gaming preference, with rapid payouts enhancing the instant cashout casino appeal. Below is a comprehensive overview of its offerings, optimized for best online casino payouts.

    Slots: High RTPs for Frequent Wins

    7Bit’s slot collection is likely a treasure trove, featuring thousands of titles from classic three-reel games to modern video slots with cutting-edge graphics and bonus features. Popular picks include:

    • Starburst (96.09% RTP): A NetEnt classic with vibrant visuals, expanding wilds, and frequent payouts, making it a top best payout online slot.
    • Book of Dead (96.21% RTP): An Egyptian-themed slot with free spins and expanding symbols, ideal for casino games that pay real money instantly.
    • Gates of Olympus (96.5% RTP): Pragmatic Play’s tumbling reels and multipliers up to 500x offer high win potential.
    • Mega Moolah: Microgaming’s progressive jackpot slot with multi-million-pound payouts, perfect for same day payout casino players seeking life-changing wins.
      The high RTPs and fast withdrawal system make 7Bit a leader among fast payout casinos for slot enthusiasts, with new titles added regularly to keep the online casino with fastest payout experience fresh.

    Table Games: Strategic Play with Rapid Returns

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    Fast Payout and Instant Withdrawal Casino Banking at 7Bit Casino

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    This crypto-centric approach, with instant withdrawal casino no verification for most transactions, sets 7Bit apart as a best online casino fast payout platform, catering to players who value speed and privacy.

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    7Bit Casino provides deposit limits, self-exclusion, and links to GamCare, promoting safe play at a fast payout casino, ensuring players enjoy instant cashout casino responsibly.

    Email: support@7bitcasino.com

    Legal Disclaimer

    This content is for informational purposes only and does not constitute legal, financial, or gambling advice. Information is presented “as is,” without warranties. Readers must verify compliance with local gambling laws. The publisher is not liable for losses or consequences.

    Affiliate Disclosure

    Some links may be affiliate links, earning a commission at no cost to you. Recommendations are objective, and partnerships do not influence content or conclusions.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5c6a23fa-0a7a-4336-8025-485f0997df63

    The MIL Network –

    April 30, 2025

  • MIL-OSI: EXL Reports 2025 First Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    2025 First Quarter Revenue of $501.0 Million, up 14.8% year-over-year
    Q1 Diluted EPS (GAAP) (1)of $0.40, up 38.3% from $0.29 in Q1 of 2024
    Q1 Adjusted Diluted EPS (Non-GAAP) (1)of $0.48, up 26.9% from $0.38 in Q1 of 2024

    NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) — ExlService Holdings, Inc. (NASDAQ: EXLS), a global data and AI company, today announced its financial results for the quarter ended March 31, 2025.

    Chairman and Chief Executive Officer Rohit Kapoor said, “We are pleased with our first quarter results and strong start to the year, as we delivered revenue and adjusted diluted EPS growth of 15% and 27% respectively. Our strong business momentum underscores the successful execution of our differentiated data and AI-led strategy and demonstrates the enduring resilience and adaptability of EXL’s business model.”

    Chief Financial Officer Maurizio Nicolelli said, “While we remain prudent in our outlook given the increasing level of macro-economic uncertainty, we are increasing our revenue guidance for the year, based on our business momentum and more favorable currency exchange rates. We now expect revenue to be in the range of $2.035 billion to $2.065 billion, up from our prior guidance of $2.025 billion to $2.060 billion. This represents 11% to 12% year-over-year growth on a reported basis, or 11% to 13% on a constant currency basis. We continue to expect our adjusted diluted earnings per share for 2025 to be in the range of $1.83 to $1.89, representing an 11% to 14% increase over 2024, as we continue to accelerate our data and AI investments to generate future growth.”

    ______________________________________________________________

    1. Reconciliations of adjusted (non-GAAP) financial measures to the most directly comparable GAAP measures, where applicable, are included at the end of this release under “Reconciliation of Adjusted Financial Measures to GAAP Measures.” These non-GAAP measures, including adjusted diluted EPS and constant currency measures, are not measures of financial performance prepared in accordance with GAAP.

    Financial Highlights: First Quarter 2025

    • Revenue for the quarter ended March 31, 2025, increased to $501.0 million compared to $436.5 million for the first quarter of 2024, an increase of 14.8% on a reported basis and 15.1% on a constant currency basis. Revenue increased by 4.1% sequentially on a reported basis and 4.3% on a constant currency basis, from the fourth quarter of 2024.
        Revenue   Gross Margin
        Three months ended   Three months ended
    Reportable Segments (1)   March 31, 2025   March 31, 2024   March 31, 2025   March 31, 2024
        (dollars in millions)        
    Insurance   $ 172.0   $ 158.3   36.6 %   33.8 %
    Healthcare and Life Sciences     125.6     100.7   43.9 %   45.3 %
    Banking, Capital Markets and Diversified Industries     117.7     103.2   37.3 %   36.1 %
    International Growth Markets     85.7     74.3   36.6 %   35.9 %
    Total Revenue, net   $ 501.0   $ 436.5   38.6 %   37.4 %
     

    (1) In the first quarter of 2025, the Company implemented operational and structural changes to accelerate the execution of its data and AI-led strategy. Under the new structure, the Company reports its financial performance based on new segments presented in the table above, and as described in more detail in its Quarterly Report on Form 10-Q for the three months ended March 31, 2025, that is being filed with the SEC. In conjunction with the new reporting structure, the Company has recast prior period amounts, wherever applicable, to conform to the way the Company internally manages and monitors segment performance.

    • Operating income margin for the quarter ended March 31, 2025 was 15.7%, compared to 14.1% for the first quarter of 2024 and 14.8% for the fourth quarter of 2024. Adjusted operating income margin for the quarter ended March 31, 2025 was 20.1%, compared to 18.9% for the first quarter of 2024 and 18.8% for the fourth quarter of 2024.
    • Diluted earnings per share for the quarter ended March 31, 2025 was $0.40, compared to $0.29 for the first quarter of 2024 and $0.31 for the fourth quarter of 2024. Adjusted diluted earnings per share for the quarter ended March 31, 2025 was $0.48, compared to $0.38 for the first quarter of 2024 and $0.44 for the fourth quarter of 2024.

    Business Highlights: First Quarter 2025

    • Won 10 new clients in the first quarter of 2025.
      • Named a Leader in four categories in the ISG Provider Lens™ Insurance Services 2024 report. Earning top honors in the North American Life & Retirement, Property & Casualty, Life & Retirement TPA Insurance Services, and Insurance IT Services.
      • Named a Leader and a Star Performer in Everest Group’s Life and Annuities Insurance Business Process Services and Third-Party Administrator (TPA) PEAK Matrix® Assessment 2025.
      • Recognized as part of Newsweek’s America’s Most Responsible Companies 2025, Forbes’ Most Trusted Companies in America 2025, USA Today’s America’s Climate Leaders 2025, and The Financial Times’ Best Employers Asia-Pacific 2025.

    2025 Guidance
    Based on current visibility, and a U.S. dollar to Indian rupee exchange rate of 85.5, U.K. pound sterling to U.S. dollar exchange rate of 1.30, U.S. dollar to the Philippine peso exchange rate of 57.0 and all other currencies at current exchange rates, we are providing the following guidance for the full year 2025:

    • Revenue of $2.035 billion to $2.065 billion, representing an increase of 11% to 12% on a reported basis, and 11% to 13% on a constant currency basis from 2024; and
    • Adjusted diluted earnings per share of $1.83 to $1.89, representing an increase of 11% to 14% from 2024.

    Conference Call

    ExlService Holdings, Inc. will host a conference call on Wednesday, April 30, 2025 at 10:00 A.M. ET to discuss the Company’s quarterly operating and financial results. The conference call will be available live via the internet by accessing the investor relations section of EXL’s website at ir.exlservice.com, where an accompanying investor-friendly spreadsheet of historical operating and financial data can also be accessed. Please access the website at least fifteen minutes prior to the call to register, download and install any necessary audio software.

    Please note that there is a new system to access the live call-in order to ask questions. To join the live call, please register here. A dial-in and unique PIN will be provided to join the call. For those who cannot access the live broadcast, a replay will be available on the EXL website ir.exlservice.com for a period of twelve months.

    About ExlService Holdings, Inc.
    EXL (NASDAQ: EXLS) is a global data and artificial intelligence (“AI”) company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media and retail, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have more than 60,000 employees spanning six continents. For more information, visit www.exlservice.com.

    Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL’s operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation and recessionary economic trends, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by applicable law.

    EXLSERVICE HOLDINGS, INC.
    CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
    (In thousands, except per share amount and share count)
     
      Three months ended March 31,
        2025       2024  
    Revenues, net $ 501,019     $ 436,507  
    Cost of revenues (1)   307,705       273,424  
    Gross profit (1)   193,314       163,083  
    Operating expenses:      
    General and administrative expenses   59,417       53,243  
    Selling and marketing expenses   41,925       35,970  
    Depreciation and amortization expense   13,557       12,346  
    Total operating expenses   114,899       101,559  
    Income from operations   78,415       61,524  
    Foreign exchange gain, net   1,192       359  
    Interest expense   (4,144 )     (3,291 )
    Other income, net   4,703       3,952  
    Income before income tax expense and earnings from equity affiliates   80,166       62,544  
    Income tax expense   13,496       13,753  
    Income before earnings from equity affiliates   66,670       48,791  
    Loss from equity-method investment   (109 )     (28 )
    Net income $ 66,561     $ 48,763  
    Earnings per share:      
    Basic $ 0.41     $ 0.30  
    Diluted $ 0.40     $ 0.29  
    Weighted-average number of shares used in computing earnings per share:      
    Basic   162,490,179       165,082,387  
    Diluted   164,557,333       166,726,853  

    (1) Exclusive of depreciation and amortization expense.

    EXLSERVICE HOLDINGS, INC.
    CONSOLIDATED BALANCE SHEETS (UNAUDITED)
    (In thousands, except per share amount and share count)
     
        As of
        March 31, 2025   December 31, 2024
             
    Assets        
    Current assets:        
    Cash and cash equivalents   $ 140,442     $ 153,355  
    Short-term investments     190,978       187,223  
    Restricted cash     9,826       9,972  
    Accounts receivable, net     339,856       304,322  
    Other current assets     150,203       140,317  
    Total current assets     831,305       795,189  
    Property and equipment, net     107,148       101,837  
    Operating lease right-of-use assets     71,150       68,784  
    Restricted cash     8,210       8,071  
    Deferred tax assets, net     109,953       104,747  
    Goodwill     420,494       420,387  
    Other intangible assets, net     46,092       49,331  
    Long-term investments     20,134       13,972  
    Other assets     61,925       56,085  
    Total assets   $ 1,676,411     $ 1,618,403  
    Liabilities and stockholders’ equity        
    Current liabilities:        
    Accounts payable   $ 5,648     $ 5,884  
    Current portion of long-term borrowings     4,886       4,886  
    Deferred revenue     20,138       19,264  
    Accrued employee costs     63,575       129,994  
    Accrued expenses and other current liabilities     131,980       113,597  
    Current portion of operating lease liabilities     17,426       16,491  
    Total current liabilities     243,653       290,116  
    Long-term borrowings, less current portion     302,377       283,598  
    Operating lease liabilities, less current portion     61,408       59,851  
    Deferred tax liabilities, net     1,625       1,403  
    Other non-current liabilities     55,471       53,573  
    Total liabilities     664,534       688,541  
    Commitments and contingencies        
    Stockholders’ equity:        
    Preferred stock, $0.001 par value; 15,000,000 shares authorized, none issued     —       —  
    Common stock, $0.001 par value; 400,000,000 shares authorized, 207,758,497 shares issued and 162,683,343 shares outstanding as of March 31, 2025 and 206,510,587 shares issued and 161,801,212 shares outstanding as of December 31, 2024     207       206  
    Additional paid-in capital     609,592       588,583  
    Retained earnings     1,348,521       1,281,960  
    Accumulated other comprehensive loss     (142,787 )     (154,722 )
    Total including shares held in treasury     1,815,533       1,716,027  
    Less: 45,075,154 shares as of March 31, 2025 and 44,709,375 shares as of December 31, 2024, held in treasury, at cost     (803,656 )     (786,165 )
    Total Stockholders’ equity     1,011,877       929,862  
    Total liabilities and stockholders’ equity   $ 1,676,411     $ 1,618,403  
     

    EXLSERVICE HOLDINGS, INC.

    Reconciliation of Adjusted Financial Measures to GAAP Measures

    In addition to its reported operating results in accordance with U.S. generally accepted accounting principles (GAAP), EXL has included in this release certain financial measures that are considered non-GAAP financial measures, including the following:

    (i) Adjusted operating income and adjusted operating income margin;
    (ii) Adjusted EBITDA and adjusted EBITDA margin;
    (iii) Adjusted net income and adjusted diluted earnings per share; and
    (iv) Revenue growth on constant currency basis.

    These non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles, should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and may be different from non-GAAP financial measures used by other companies. Accordingly, the financial results calculated in accordance with GAAP and reconciliations from those financial statements should be carefully evaluated. EXL believes that providing these non-GAAP financial measures may help investors better understand EXL’s underlying financial performance. Management also believes that these non-GAAP financial measures, when read in conjunction with EXL’s reported results, can provide useful supplemental information for investors analyzing period-to-period comparisons of the Company’s results and comparisons of the Company’s results with the results of other companies. Additionally, management considers some of these non-GAAP financial measures to determine variable compensation of its employees. The Company believes that it is unreasonably difficult to provide its earnings per share financial guidance in accordance with GAAP, or a qualitative reconciliation thereof, for a number of reasons, including, without limitation, the Company’s inability to predict its future stock-based compensation expense under ASC Topic 718, the amortization of intangibles associated with future acquisitions and the currency fluctuations and associated tax effects. As such, the Company presents guidance with respect to adjusted diluted earnings per share. The Company also incurs significant non-cash charges for depreciation that may not be indicative of the Company’s ability to generate cash flow.

    EXL non-GAAP financial measures exclude, where applicable, stock-based compensation expense, amortization of acquisition-related intangible assets, provision for litigation matters, effects of termination of leases, certain defined social security contributions, allowance for certain material expected credit losses, other acquisition-related expenses or benefits and effect of any non-recurring tax adjustments. Acquisition-related expenses or benefits include, changes in the fair value of contingent consideration, external deal costs, integration expenses, direct and incremental travel costs and non-recurring benefits or losses. Our adjusted net income and adjusted diluted EPS also excludes the effects of income tax on the above pre-tax items, as applicable. The effects of income tax of each item is calculated by applying the statutory rate of the local tax regulations in the jurisdiction in which the item was incurred.

    A limitation of using non-GAAP financial measures versus financial measures calculated in accordance with GAAP is that non-GAAP financial measures do not reflect all of the amounts associated with our operating results as determined in accordance with GAAP and exclude costs that are recurring, namely stock-based compensation and amortization of acquisition-related intangible assets. EXL compensates for these limitations by providing specific information regarding the GAAP amounts excluded from non-GAAP financial measures to allow investors to evaluate such non-GAAP financial measures.

    EXL’s primary exchange rate exposure is with the Indian rupee, the Philippine peso, the U.K. pound sterling and the South African rand. The average exchange rate of the U.S. dollar against the Indian rupee increased from 83.12 during the quarter ended March 31, 2024 to 86.52 during the quarter ended March 31, 2025, representing a depreciation of 4.1% against the U.S. dollar. The average exchange rate of the U.S. dollar against the Philippine peso increased from 56.24 during the quarter ended March 31, 2024 to 57.86 during the quarter ended March 31, 2025, representing a depreciation of 2.9% against the U.S. dollar. The average exchange rate of the U.K. pound sterling against the U.S. dollar decreased from 1.27 during the quarter ended March 31, 2024 to 1.26 during the quarter ended March 31, 2025, representing a depreciation of 0.1% against the U.S. dollar. The average exchange rate of the U.S. dollar against the South African rand decreased from 18.96 during the quarter ended March 31, 2024 to 18.49 during the quarter ended March 31, 2025, representing an appreciation of 2.5% against the U.S. dollar.

    The following table shows the reconciliation of these non-GAAP financial measures for the three months ended March 31, 2025 and March 31, 2024, and the three months ended December 31, 2024:

    Reconciliation of Adjusted Operating Income and Adjusted EBITDA
    (Amounts in thousands)
     
        Three months ended
        March 31,   December 31,
          2025       2024       2024  
    Net Income (GAAP)   $ 66,561     $ 48,763     $ 50,672  
    add: Income tax expense     13,496       13,753       19,850  
    add/(subtract): Foreign exchange gain, net, interest expense, gain/(loss) from equity-method investment and other income/(loss), net     (1,642 )     (992 )     720  
    Income from operations (GAAP)   $ 78,415     $ 61,524     $ 71,242  
    add: Stock-based compensation expense     19,187       17,852       15,479  
    add: Amortization of acquisition-related intangibles     3,246       3,080       4,024  
    Adjusted operating income (Non-GAAP)   $ 100,848     $ 82,456     $ 90,745  
    Adjusted operating income margin as a % of Revenue (Non-GAAP)     20.1 %     18.9 %     18.8 %
    add: Depreciation on long-lived assets     10,311       9,266       12,140  
    Adjusted EBITDA (Non-GAAP)   $ 111,159     $ 91,722     $ 102,885  
    Adjusted EBITDA margin as a % of revenue (Non-GAAP)     22.2 %     21.0 %     21.4 %
     
    Reconciliation of Adjusted Net Income and Adjusted Diluted Earnings Per Share
    (Amounts in thousands, except per share data)
     
        Three months ended
        March 31,   December 31,
          2025       2024       2024  
    Net income (GAAP)   $ 66,561     $ 48,763     $ 50,672  
    add: Stock-based compensation expense     19,187       17,852       15,479  
    add: Amortization of acquisition-related intangibles     3,246       3,080       4,024  
    add/(subtract): Changes in fair value of contingent consideration     —       (589 )     —  
    add/(subtract): Other tax expense/(benefits) (a)     —       151       3,860  
    subtract: Tax impact on stock-based compensation expense (b)     (9,105 )     (5,358 )     (1,769 )
    subtract: Tax impact on amortization of acquisition-related intangibles     (799 )     (766 )     (921 )
    Adjusted net income (Non-GAAP)   $ 79,090     $ 63,133     $ 71,345  
    Adjusted diluted earnings per share (Non-GAAP)   $ 0.48     $ 0.38     $ 0.44  
     

    (a) To exclude other tax expenses/(benefits), primarily related to certain deferred tax assets and liabilities.

    (b) Tax impact includes $14,526 and $7,523 during the three months ended March 31, 2025 and 2024 respectively, and $500 during the three months ended December 31, 2024, related to discrete benefit recognized in income tax expense in accordance with ASU No. 2016-09, Compensation – Stock Compensation.

    Contacts:
    Investor Relations
    John Kristoff
    Vice President, Investor Relations
    +1 212 209 4613
    ir@exlservice.com

    Media – US
    Keith Little
    Assistant Vice President, Media Relations
    +1 703 598 0980
    media.relations@exlservice.com

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

    The MIL Network –

    April 30, 2025

  • MIL-OSI: Micron Announces Participation in Investor Event

    Source: GlobeNewswire (MIL-OSI)

    BOISE, Idaho, April 29, 2025 (GLOBE NEWSWIRE) — Micron Technology, Inc. (Nasdaq: MU) announced today that company executives will participate at the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference in Boston, Massachusetts on Wednesday, May 14, at 6:40 a.m. Mountain Time. 

    Live webcasts and subsequent replays of presentations can be accessed from Micron’s Investor Relations website at investors.micron.com/.

    About Micron Technology, Inc.  
    We are an industry leader in innovative memory and storage solutions transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

    © 2025 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

    The MIL Network –

    April 30, 2025

  • MIL-OSI: Oxbridge / SurancePlus to Speak During TOKEN2049 Dubai at THE GREAT GATHER – Day 2

    Source: GlobeNewswire (MIL-OSI)

    GRAND CAYMAN, Cayman Islands, April 29, 2025 (GLOBE NEWSWIRE) — Oxbridge Re Holdings Limited (Nasdaq: OXBR) (“Oxbridge Re”), together with its subsidiary SurancePlus, is engaged in the tokenization of Real-World Assets (“RWAs”), initially with tokenized reinsurance securities and in providing reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States. The company today announced that its CEO and Chairman, Jay Madhu, will participate in a featured panel discussion at THE GREAT GATHER – DAY 2 hosted by DNA Fund & IBC Ventures during TOKEN2049 Dubai.

    Panel: A Deep Dive into How Traditional Finance Players Are Navigating and Embracing Tokenization
    Date: Thursday, May 1st, 2025
    Time: 4:00PM – 4:30PM (GST)
    Location: DNA House Dubai: Gigi Rigolatto Dubai, J1 Beach – Jumeirah 1 – Dubai, UAE

    Panelists:

    • Jay Madhu (Oxbridge / SurancePlus)
    • Fahmi Syed (Input Output / Midnight)
    • Jake O. (BitGo)

    THE GREAT GATHER – DAY 2

    THE GREAT GATHER is one of the most talked about events of TOKEN2049, bringing together top-tier projects, titans, influencers and investors shaping the future of finance, Web3, AI and tech. Hosted at DNA House with partners Mario Nawfal, Midnight, Zeebu and Multibank, this powerhouse gathering offers two days of premier programming, connections and deal-making opportunities.

    Jay Madhu, CEO of Oxbridge, commented, “We look forward to joining this distinguished panel at THE GREAT GATHER – Day 2 during TOKEN2049 Dubai to showcase how Oxbridge / SurancePlus are democratizing reinsurance and expanding access to high-yield, uncorrelated investment opportunities through Web3 innovation.”

    Investors can participate directly in SurancePlus offerings:

    Learn more and invest at SurancePlus.com/invest

    Meet Oxbridge / SurancePlus THE GREAT GATHER – Day 2

    Investors and potential partners interested in Oxbridge and SurancePlus’ tokenized reinsurance offerings are encouraged to connect with the team during the event. Contact details are provided below.

    Disclaimer: This press release does not constitute an offer to sell nor a solicitation of an offer to buy the EtaCat Re or ZetaCat Re tokenized reinsurance securities (the “Securities”). The Securities are not required to be, and have not been, registered under the United States Securities Act of 1933, as amended, in reliance on the exemptions provided by Regulation S and SEC Rule 506(c) thereunder. Offers and sales of the Securities are made only by, and pursuant to, the terms set forth in the Confidential Private Placement Memorandum relating to the Securities. The offering of the Securities is not being made to persons in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky, or other laws of such jurisdiction.

    About Oxbridge Re Holdings Limited 

    Oxbridge Re Holdings Limited (NASDAQ: OXBR, OXBRW) (“Oxbridge”) is headquartered in the Cayman Islands. The company offers tokenized Real-World Assets (“RWAs”) as tokenized reinsurance securities and reinsurance business solutions to property and casualty insurers, through its wholly owned subsidiaries SurancePlus Inc., Oxbridge Re NS, and Oxbridge Reinsurance Limited.

    Insurance businesses in the Gulf Coast region of the United States purchase property and casualty reinsurance through our licensed reinsurers Oxbridge Reinsurance Limited and Oxbridge Re NS.

    Our Web3-focused subsidiary, SurancePlus Inc. (“SurancePlus”), has developed the first “on-chain” reinsurance RWA of its kind to be sponsored by a subsidiary of a publicly traded company. By digitizing interests in reinsurance contracts as on-chain RWAs, SurancePlus has democratized the availability of reinsurance as an alternative investment to both U.S. and non-U.S. investors. 

    Company Contact:
    Oxbridge Re Holdings Limited
    Jay Madhu, CEO
    +1 345-749-7570
    jmadhu@oxbridgere.com

    About Midnight

    The Midnight Network is a data protection blockchain pioneering the use of zero-knowledge technology to empower organizations that stand to benefit from the decentralized web. Midnight is one of the first blockchains to offer programmable data protection by leveraging zero-knowledge (ZK) proofs to provide selective disclosure for sensitive data. It is designed to help app developers meet regulatory requirements. Midnight is set to launch as the first partner chain of Cardano, benefiting from the network’s decentralization and security from day one.

    About BitGo:

    BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry’s top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit www.bitgo.com.

    Forward-Looking Statements

    This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in the section entitled “Risk Factors” contained in our Form 10-K filed with the Securities and Exchange Commission (“SEC”) on 26th March 2024. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company’s business, financial condition and results of operations. Any forward-looking statements made in this press release speak only as of the date of this press release and, except as required by law, the Company undertakes no obligation to update any forward-looking statement contained in this press release, even if the Company’s expectations or any related events, conditions or circumstances change.

    The MIL Network –

    April 30, 2025

  • MIL-OSI: Vicor Corporation Reports Results for the First Quarter Ended March 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., April 29, 2025 (GLOBE NEWSWIRE) — Vicor Corporation (NASDAQ: VICR) today reported financial results for the first quarter ended March 31, 2025. These results will be discussed later today at 5:00 p.m. Eastern Time, during management’s quarterly investor conference call. The details for the call are below.

    Revenues for the first quarter ended March 31, 2025 totaled $94.0 million, a 12.0% increase from $83.9 million for the corresponding period a year ago, and a 2.3% sequential decrease from $96.2 million in the fourth quarter of 2024.

    Gross margin decreased to $44.4 million for the first quarter of 2025, compared to $45.1 million for the corresponding period a year ago, and decreased sequentially from $50.4 million for the fourth quarter of 2024. Gross margin, as a percentage of revenue, decreased to 47.2% for the first quarter of 2025, compared to 53.8% for the corresponding period a year ago, and decreased from 52.4% for the fourth quarter of 2024. Operating expenses decreased to $44.5 million for the first quarter of 2025, compared to $61.2 million for the corresponding period a year ago, and increased sequentially from $41.2 million for the fourth quarter of 2024.

    Net income for the first quarter was $2.5 million, or $0.06 per diluted share, compared to a net loss of ($14.5) million or ($0.33) per diluted share, for the corresponding period a year ago and net income of $10.2 million, or $0.23 per diluted share, for the fourth quarter of 2024.

    Cash flow from operations totaled $20.1 million for the first quarter, compared to cash flow from operations of $2.6 million for the corresponding period a year ago, and cash flow from operations of $10.1 million in the fourth quarter of 2024. Capital expenditures for the first quarter totaled $4.6 million, compared to $7.3 million for the corresponding period a year ago and $1.7 million for the fourth quarter of 2024. Cash and cash equivalents as of March 31, 2025 increased 6.8% sequentially to approximately $296.1 million compared to approximately $277.3 million as of December 31, 2024.

    Backlog for the first quarter ended March 31, 2025 totaled $171.7 million, a 14.2% increase from $150.3 million for the corresponding period a year ago, and 10.4% sequential increase from $155.5 million at the end of the fourth quarter of 2024.

    Commenting on first quarter performance, Chief Executive Officer Dr. Patrizio Vinciarelli stated: “Revenues and gross margins declined sequentially, with reduced income from a licensee transitioning to a new generation of unlicensed products. Margin improvements await higher utilization of our ChiP fab and increased income from existing and future licensees. Licensing has been gaining traction with OEMs and hyper-scalers wishing to avoid infringing hardware being excluded from importation into the US.”

    “Our 2nd generation VPD for leading AI applications is coming to fruition with the arrival of an ASIC raising the density and bandwidth of our current multipliers. Second generation VPD will enable AI processors setting new standards for performance. We are still focused on completing initial delivery of a very high density VPD system to a lead customer before providing demo systems to processor chip companies and hyper-scalers.”

    For more information on Vicor and its products, please visit the Company’s website at www.vicorpower.com.

    Earnings Conference Call

    Vicor will be holding its investor conference call today, Tuesday, April 29, 2025 at 5:00 p.m. Eastern Time. Vicor encourages investors and analysts who intend to ask questions via the conference call to register with Notified, the service provider hosting the conference call. Those registering on Notified’s website will receive dial-in info and a unique PIN to join the call as well as an email confirmation with the details. Registration may be completed at any time prior to 5:00 p.m. on April 29, 2025. For those parties interested in listen-only mode, the conference call will be webcast via a link that will be posted on the Investor Relations page of Vicor’s website prior to the conference call. Please access the website at least 15 minutes prior to the conference call to register and, if necessary, download and install any required software. For those who cannot participate in the live conference call, a webcast replay of the conference call will also be available on the Investor Relations page of Vicor’s website.

    This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement in this press release that is not a statement of historical fact is a forward-looking statement, and, the words “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” “assumes,” “may,” “will,” “would,” “should,” “continue,” “prospective,” “project,” and other similar expressions identify forward-looking statements. Forward-looking statements also include statements regarding bookings, shipments, revenue, profitability, targeted markets, increase in manufacturing capacity and utilization thereof, future products and capital resources. These statements are based upon management’s current expectations and estimates as to the prospective events and circumstances that may or may not be within the company’s control and as to which there can be no assurance. Actual results could differ materially from those projected in the forward-looking statements as a result of various factors, including those economic, business, operational and financial considerations set forth in Vicor’s Annual Report on Form 10-K for the year ended December 31, 2024, under Part I, Item I — “Business,” under Part I, Item 1A — “Risk Factors,” under Part I, Item 3 — “Legal Proceedings,” and under Part II, Item 7 — “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” The risk factors set forth in the Annual Report on Form 10-K may not be exhaustive. Therefore, the information contained in the Annual Report on Form 10-K should be read together with other reports and documents filed with the Securities and Exchange Commission from time to time, including Forms 10-Q, 8-K and 10-K, which may supplement, modify, supersede or update those risk factors. Vicor does not undertake any obligation to update any forward-looking statements as a result of future events or developments.

    Vicor Corporation designs, develops, manufactures, and markets modular power components and complete power systems based upon a portfolio of patented technologies. Headquartered in Andover, Massachusetts, Vicor sells its products to the power systems market, including enterprise and high performance computing, industrial equipment and automation, telecommunications and network infrastructure, vehicles and transportation, and aerospace and defense electronics.
      
    For further information contact:
            
    James F. Schmidt, Chief Financial Officer
    Office: (978) 470-2900
    Email: invrel@vicorpower.com

    VICOR CORPORATION        
             
    CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
    (Thousands except for per share amounts)        
             
      QUARTER ENDED  
      (Unaudited)  
             
      MAR 31,   MAR 31,  
       2025     2024   
             
             
    Product revenue $ 83,206     $ 75,692    
    Royalty revenue   10,762       8,180    
    Net revenues   93,968       83,872    
    Cost of product revenues   49,603       38,749    
             Gross margin   44,365       45,123    
             
    Operating expenses:        
              Selling, general and administrative   25,137       25,999    
              Research and development   19,377       18,039    
              Litigation-contingency expense                       –       17,200    
                 Total operating expenses   44,514       61,238    
             
    Loss from operations   (149 )     (16,115 )  
             
    Other income (expense), net   3,134       2,724    
             
    Income (loss) before income taxes   2,985       (13,391 )  
             
    Less: Provision for income taxes   424       1,071    
             
    Consolidated net income (loss)   2,561       (14,462 )  
             
    Less: Net income attributable to        
      noncontrolling interest   22       11    
             
    Net income (loss) attributable to        
      Vicor Corporation $ 2,539     ($ 14,473 )  
             
             
    Net income (loss) per share attributable        
      to Vicor Corporation:        
               Basic $ 0.06     ($ 0.33 )  
               Diluted $ 0.06     ($ 0.33 )  
             
    Shares outstanding:        
               Basic   45,217       44,516    
               Diluted   45,495       44,516    
             
    VICOR CORPORATION        
             
    CONDENSED CONSOLIDATED BALANCE SHEET      
    (Thousands)        
             
             
      MAR 31,   DEC 31,  
       2025     2024   
      (Unaudited)   (Unaudited)  
    Assets        
             
    Current assets:        
            Cash and cash equivalents $ 296,099     $ 277,273    
            Accounts receivable, net   65,864       52,948    
            Inventories   98,515       106,032    
            Other current assets   26,486       26,781    
                      Total current assets   486,964       463,034    
             
    Long-term deferred tax assets   273       261    
    Long-term investment, net   2,664       2,641    
    Property, plant and equipment, net   153,117       152,705    
    Other assets   22,020       22,477    
             
                      Total assets $ 665,038     $ 641,118    
             
    Liabilities and Equity        
             
    Current liabilities:        
            Accounts payable $ 16,866     $ 8,737    
            Accrued compensation and benefits   12,548       10,852    
            Accrued expenses   8,558       6,589    
            Accrued litigation   27,219       26,888    
            Sales allowances   2,114       1,667    
            Short-term lease liabilities   1,675       1,716    
            Income taxes payable   57       59    
            Short-term deferred revenue and customer prepayments   6,624       5,312    
             
                     Total current liabilities   75,661       61,820    
             
    Long-term income taxes payable   3,461       3,387    
    Long-term lease liabilities   5,353       5,620    
                     Total liabilities   84,475       70,827    
             
    Equity:        
      Vicor Corporation stockholders’ equity:        
            Capital stock   415,702       408,187    
            Retained earnings   305,342       302,803    
            Accumulated other comprehensive loss   (1,312 )     (1,495 )  
            Treasury stock   (139,424 )     (139,424 )  
                 Total Vicor Corporation stockholders’ equity   580,308       570,071    
      Noncontrolling interest   255       220    
            Total equity   580,563       570,291    
             
                      Total liabilities and equity $ 665,038     $ 641,118    
             

    The MIL Network –

    April 30, 2025

  • MIL-OSI: SuRo Capital Corp. to Report First Quarter 2025 Financial Results on Tuesday, May 6, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 29, 2025 (GLOBE NEWSWIRE) — SuRo Capital Corp. (“SuRo Capital”) (Nasdaq: SSSS) today announced that it will report its financial results for the quarter ended March 31, 2025 after the close of the U.S. market on Tuesday, May 6, 2025.

    Management will hold a conference call and webcast for investors at 2:00 p.m. PT (5:00 p.m. ET). The conference call access number for U.S. participants is 866-580-3963, and the conference call access number for participants outside the U.S. is +1 786-697-3501. The conference ID number for both access numbers is 6883588. Additionally, interested parties can listen to a live webcast of the call from the “Investor Relations” section of SuRo Capital’s website at www.surocap.com. An archived replay of the webcast will also be available for 12 months following the live presentation.

    A replay of the conference call may be accessed until 5:00 p.m. PT (8:00 p.m. ET) on May 13, 2025 by dialing 866-583-1035 (U.S.) or +44 (0) 20 3451 9993 (International) and using conference ID number 6883588.

    About SuRo Capital Corp.

    SuRo Capital Corp. (Nasdaq: SSSS) is a publicly traded investment fund that seeks to invest in high-growth, venture-backed private companies. The fund seeks to create a portfolio of high-growth emerging private companies via a repeatable and disciplined investment approach, as well as to provide investors with access to such companies through its publicly traded common stock. Since inception, SuRo Capital has served as the public’s gateway to venture capital, offering unique access to some of the world’s most innovative and sought-after private companies before they become publicly traded. SuRo Capital’s diverse portfolio encompasses high-growth sectors including AI infrastructure, emerging consumer brands, and cutting-edge software solutions for both consumer and enterprise markets, among others. SuRo Capital is headquartered in New York, NY and has offices in San Francisco, CA. Connect with the company on X, LinkedIn, and at www.surocap.com.

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

    Media Contact
    Deborah Kostroun
    Zito Partners
    SuRoCapitalPR@zitopartners.com

    The MIL Network –

    April 30, 2025

  • MIL-OSI: Tenable Announces First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    • Revenue of $239.1 million, up 11% year-over-year.
    • Calculated current billings of $215.4 million, up 9% year-over-year.
    • GAAP operating margin of (7)%; Non-GAAP operating margin of 20%.
    • Net cash provided by operating activities of $87.4 million; Unlevered free cash flow of $86.8 million.

    COLUMBIA, Md., April 29, 2025 (GLOBE NEWSWIRE) — Tenable Holdings, Inc. (“Tenable”) (Nasdaq: TENB), the exposure management company, today announced financial results for the quarter ended March 31, 2025.

    “We had a strong start to the year with better-than-expected results on both the top and bottom line,” said Steve Vintz, Co-CEO of Tenable. “With our ongoing investments in areas like AI and integrations with third-party tools and data sources we are helping our customers reduce risk with greater efficiency.”

    “We had some incredible six- and seven-figure deals this quarter driving upside to our expectations and representing significant ongoing opportunities,” said Mark Thurmond, Co-CEO of Tenable. “Our outperformance was driven by continued momentum with Tenable One as we build strategic partnerships resulting in larger deal sizes, broader platform adoption, and greater asset coverage.”

    First Quarter 2025 Financial Highlights

    • Revenue was $239.1 million, an 11% increase year-over-year.
    • Calculated current billings was $215.4 million, a 9% increase year-over-year.
    • GAAP loss from operations was $17.7 million, compared to $8.9 million in the first quarter of 2024.
    • Non-GAAP income from operations was $48.7 million, compared to $37.0 million in the first quarter of 2024.
    • GAAP net loss was $22.9 million, compared to $14.4 million in the first quarter of 2024.
    • GAAP net loss per share was $0.19, compared to $0.12 in the first quarter of 2024.
    • Non-GAAP net income was $44.3 million, compared to $30.4 million in the first quarter of 2024.
    • Non-GAAP diluted earnings per share was $0.36, compared to $0.25 in the first quarter of 2024.
    • Cash and cash equivalents and short-term investments were $460.3 million at March 31, 2025, compared to $577.2 million at December 31, 2024.
    • Net cash provided by operating activities was $87.4 million, compared to $50.3 million in the first quarter of 2024.
    • Unlevered free cash flow was $86.8 million, compared to $54.7 million in the first quarter of 2024.
    • Repurchased 1.6 million shares of our common stock for $60.0 million

    Recent Business Highlights

    • Added 361 new enterprise platform customers and 54 net new six-figure customers.
    • Completed the acquisition of Vulcan Cyber Ltd., which is expected to enhance our industry-leading exposure management platform, delivering comprehensive visibility, prioritization and remediation across the entire attack surface.
    • Released Identity 360 and Exposure Center, two capabilities designed to help organizations pinpoint identity risks and take swift, targeted action to prevent identity-based attacks.
    • Achieved FedRAMP moderate authorization of Tenable One and Tenable Cloud Security, underscoring our commitment to strengthening government infrastructure and reducing cybersecurity risk to support national security.
    • Published the 2025 Cloud AI Risk Report, examining the current state of security risks in cloud AI development tools and frameworks and in AI services offered by the three major cloud providers.

    Financial Outlook

    For the second quarter of 2025, we currently expect:

    • Revenue in the range of $241.0 million to $243.0 million.
    • Non-GAAP income from operations in the range of $43.0 million to $45.0 million.
    • Non-GAAP net income in the range of $36.0 million to $38.0 million, assuming interest expense of $7.1 million, interest income of $4.0 million and a provision for income taxes of $3.2 million.
    • Non-GAAP diluted earnings per share in the range of $0.29 to $0.31.
    • 123.0 million diluted weighted average shares outstanding.

    For the year ending December 31, 2025, we currently expect:

    • Calculated current billings in the range of $1.025 billion to $1.045 billion.
    • Revenue in the range of $970.0 million to $980.0 million.
    • Non-GAAP income from operations in the range of $205.0 million to $215.0 million.
    • Non-GAAP net income in the range of $178.0 million to $188.0 million, assuming interest expense of $28.4 million, interest income of $16.8 million and a provision for income taxes of $13.1 million.
    • Non-GAAP diluted earnings per share in the range of $1.44 to $1.52.
    • 123.5 million diluted weighted average shares outstanding.
    • Unlevered free cash flow in the range of $265.0 million to $275.0 million.

    Conference Call Information

    Tenable will host a conference call on April 29, 2025 at 4:30 p.m. Eastern Time to discuss its financial results. The conference call can be accessed at 877-407-9716 (U.S.) and 201-493-6779 (international). A live webcast of the event will be available on the Tenable Investor Relations website at https://investors.tenable.com. An archived replay of the live broadcast will be available on the Investor Relations page of the website following the call.

    About Tenable

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

    Contact Information

    Investor Relations
    investors@tenable.com

    Media Relations
    tenablepr@tenable.com

    Forward-Looking Statements

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

    Non-GAAP Financial Measures

    To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, we use certain non-GAAP financial measures, as described below, to understand and evaluate our core operating performance. These non-GAAP financial measures, which may be different than similarly titled measures used by other companies, are presented to enhance the overall understanding of our financial performance and should not be considered a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

    We believe that these non-GAAP financial measures provide useful information about our financial performance, enhance the overall understanding of our past performance and future prospects and allow for greater transparency with respect to important metrics used by management for financial and operational decision-making. We include these non-GAAP financial measures to present our financial performance using a management view and because we believe that these measures provide an additional comparison of our core financial performance over multiple periods with other companies in our industry.

    Reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the financial tables accompanying this press release.

    Calculated Current Billings: We define calculated current billings, a non-GAAP financial measure, as total revenue recognized in a period plus the change in current deferred revenue in the corresponding period. We believe that calculated current billings is a key metric to measure our periodic performance. Given that most of our customers pay in advance (including multi-year contracts), but we generally recognize the related revenue ratably over time, we use calculated current billings to measure and monitor our ability to provide our business with the working capital generated by upfront payments from our customers. We believe that calculated current billings, which excludes deferred revenue for periods beyond twelve months in a customer’s contractual term, more closely correlates with annual contract value and that the variability in total billings, depending on the timing of large multi-year contracts and the preference for annual billing versus multi-year upfront billing, may distort growth in one period over another.

    Free Cash Flow and Unlevered Free Cash Flow: We define free cash flow, a non-GAAP financial measure, as net cash provided by operating activities less purchases of property and equipment and capitalized software development costs. We believe free cash flow is an important liquidity measure of the cash that is available (if any), after purchases of property and equipment and capitalized software development costs, for investment in our business and to make acquisitions. We believe that free cash flow is useful as a liquidity measure because it measures our ability to generate cash. We define unlevered free cash flow as free cash flow plus cash paid for interest and other financing costs. We believe unlevered free cash flow is useful as a liquidity measure as it measures the cash that is available to invest in our business and meet our current debt obligations and future financing needs. However, given our debt obligations, non-cancelable commitments and other contractual obligations, unlevered free cash flow does not represent residual cash flow available for discretionary expenses.

    Non-GAAP Income from Operations and Non-GAAP Operating Margin: We define these non-GAAP financial measures as their respective GAAP measures, excluding the effect of stock-based compensation, acquisition-related expenses, restructuring expenses, costs related to the intra-entity asset transfers resulting from the internal restructuring of legal entities, and amortization of acquired intangible assets. Acquisition-related expenses include transaction and integration expenses, as well as costs related to the intercompany transfer of acquired intellectual property. Restructuring expenses include non-ordinary course severance, employee related benefits, and other charges to reorganize business operations. We believe that the exclusion of these expenses provides for a useful comparison of our operating results to prior periods and to our peer companies, which commonly exclude restructuring expenses.

    Non-GAAP Net Income and Non-GAAP Earnings Per Share: We define non-GAAP net income as GAAP net loss, excluding the effect of stock-based compensation, acquisition-related expenses, restructuring expenses and amortization of acquired intangible assets, including the applicable tax impacts. In addition, we exclude the tax impact and related costs of intra-entity asset transfers resulting from the internal restructuring of legal entities as well as deferred income tax benefits recognized in connection with acquisitions. We use non-GAAP net income to calculate non-GAAP earnings per share.

    Non-GAAP Gross Profit and Non-GAAP Gross Margin: We define non-GAAP gross profit as GAAP gross profit, excluding the effect of stock-based compensation and amortization of acquired intangible assets. Non-GAAP gross margin is defined as non-GAAP gross profit as a percentage of revenue.

    Non-GAAP Sales and Marketing Expense, Non-GAAP Research and Development Expense and Non-GAAP General and Administrative Expense: We define these non-GAAP measures as their respective GAAP measures, excluding stock-based compensation, acquisition-related expenses and costs related to intra-entity asset transfers resulting from the internal restructuring of legal entities.

    TENABLE HOLDINGS, INC.
    CONSOLIDATED STATEMENTS OF OPERATIONS
    (unaudited)
      Three Months Ended March 31,
    (in thousands, except per share data) 2025   2024
    Revenue $ 239,137     $ 215,961  
    Cost of revenue(1)   52,460       48,932  
    Gross profit   186,677       167,029  
    Operating expenses:      
    Sales and marketing(1)   103,182       99,825  
    Research and development(1)   53,223       43,727  
    General and administrative(1)   47,983       31,018  
    Restructuring   —       1,389  
    Total operating expenses   204,388       175,959  
    Loss from operations   (17,711 )     (8,930 )
    Interest income   4,927       5,624  
    Interest expense   (7,011 )     (8,112 )
    Other income (expense), net   474       (1,310 )
    Loss before income taxes   (19,321 )     (12,728 )
    Provision for income taxes   3,614       1,658  
    Net loss $ (22,935 )   $ (14,386 )
           
    Net loss per share, basic and diluted $ (0.19 )   $ (0.12 )
    Weighted-average shares used to compute net loss per share, basic and diluted   120,083       117,542  

    _______________

    (1) Includes stock-based compensation as follows:

      Three Months Ended March 31,
      2025
    		   2024
    Cost of revenue $ 3,315     $ 2,982  
    Sales and marketing   16,630       15,300  
    Research and development   12,967       11,161  
    General and administrative(2)   22,991       10,276  
    Total stock-based compensation $ 55,903     $ 39,719  

    _______________

    (2) Stock-based compensation in the three months ended March 31, 2025 includes $14.6 million of expense related to the accelerated vesting of equity awards for our late CEO.

    TENABLE HOLDINGS, INC.
    CONSOLIDATED BALANCE SHEETS
      March 31,
    2025    		   December 31,
    2024
    (in thousands, except per share data) (unaudited)    
    Assets      
    Current assets:      
    Cash and cash equivalents $ 233,441     $ 328,647  
    Short-term investments   226,836       248,547  
    Accounts receivable (net of allowance for doubtful accounts of $748 and $525 at March 31, 2025 and December 31, 2024, respectively)   167,793       258,734  
    Deferred commissions   51,247       51,791  
    Prepaid expenses and other current assets   67,106       53,026  
    Total current assets   746,423       940,745  
    Property and equipment, net   41,343       39,265  
    Deferred commissions (net of current portion)   65,582       67,914  
    Operating lease right-of-use assets   40,951       45,139  
    Acquired intangible assets, net   128,597       94,461  
    Goodwill   656,481       541,292  
    Other assets   14,200       13,303  
    Total assets $ 1,693,577     $ 1,742,119  
           
    Liabilities and Stockholders’ Equity      
    Current liabilities:      
    Accounts payable and accrued expenses $ 17,684     $ 19,981  
    Accrued compensation   51,432       55,784  
    Deferred revenue   633,224       650,372  
    Operating lease liabilities   6,305       6,801  
    Other current liabilities   6,346       5,154  
    Total current liabilities   714,991       738,092  
    Deferred revenue (net of current portion)   175,151       182,815  
    Term loan, net of issuance costs (net of current portion)   356,068       356,705  
    Operating lease liabilities (net of current portion)   54,621       56,224  
    Other liabilities   9,585       8,329  
    Total liabilities   1,310,416       1,342,165  
           
    Stockholders’ equity:      
    Common stock (par value: $0.01; 500,000 shares authorized; 124,484 and 122,371 shares issued at March 31, 2025 and December 31, 2024, respectively)   1,245       1,224  
    Additional paid-in capital   1,440,770       1,374,659  
    Treasury stock (at cost: 4,282 and 2,673 shares at March 31, 2025 and December 31, 2024, respectively)   (174,911 )     (114,911 )
    Accumulated other comprehensive income   328       318  
    Accumulated deficit   (884,271 )     (861,336 )
    Total stockholders’ equity   383,161       399,954  
    Total liabilities and stockholders’ equity $ 1,693,577     $ 1,742,119  
    TENABLE HOLDINGS, INC.
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (unaudited)
      Three Months Ended March 31,
    (in thousands) 2025   2024
    Cash flows from operating activities:      
    Net loss $ (22,935 )   $ (14,386 )
    Adjustments to reconcile net loss to net cash provided by operating activities:    
    Depreciation and amortization   9,854       8,232  
    Stock-based compensation   55,903       39,719  
    Net accretion of discounts and amortization of premiums on short-term investments   (1,180 )     (2,284 )
    Amortization of debt issuance costs   349       329  
    Other   979       1,611  
    Changes in operating assets and liabilities:      
    Accounts receivable   92,968       63,437  
    Prepaid expenses and other assets   (9,875 )     5,216  
    Accounts payable, accrued expenses and accrued compensation   (8,491 )     (22,017 )
    Deferred revenue   (32,507 )     (27,789 )
    Other current and noncurrent liabilities   2,342       (1,742 )
    Net cash provided by operating activities   87,407       50,326  
           
    Cash flows from investing activities:      
    Purchases of property and equipment   (6,553 )     (665 )
    Capitalized software development costs   (624 )     (2,532 )
    Purchases of short-term investments   (38,445 )     (77,465 )
    Sales and maturities of short-term investments   61,345       65,570  
    Proceeds from other investments   664       3,512  
    Business combinations, net of cash acquired   (148,510 )     —  
    Net cash used in investing activities   (132,123 )     (11,580 )
           
    Cash flows from financing activities:      
    Payments on term loan   (938 )     (938 )
    Proceeds from stock issued in connection with the employee stock purchase plan   9,701       9,884  
    Proceeds from the exercise of stock options   347       1,874  
    Purchase of treasury stock   (60,000 )     (24,991 )
    Net cash used in financing activities   (50,890 )     (14,171 )
    Effect of exchange rate changes on cash and cash equivalents and restricted cash   400       (1,730 )
    Net (decrease) increase in cash and cash equivalents and restricted cash   (95,206 )     22,845  
    Cash and cash equivalents and restricted cash at beginning of period   328,647       237,132  
    Cash and cash equivalents and restricted cash at end of period $ 233,441     $ 259,977  
    TENABLE HOLDINGS, INC.
    REVENUE COMPONENTS AND RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
    (unaudited)
    Revenue Three Months Ended March 31,
    (in thousands) 2025
    		   2024
    Subscription revenue $ 220,443     $ 197,635  
    Perpetual license and maintenance revenue   11,552       12,156  
    Professional services and other revenue   7,142       6,170  
    Revenue(1) $ 239,137     $ 215,961  

    _______________

    (1) Recurring revenue, which includes revenue from subscription arrangements for software (both recognized ratably over the subscription term and upon delivery) and cloud-based solutions and maintenance associated with perpetual licenses, represented 96% of revenue in the three months ended March 31, 2025 and 2024.

    Calculated Current Billings Three Months Ended March 31,
    (in thousands) 2025   2024
    Revenue $ 239,137     $ 215,961  
    Deferred revenue (current), end of period   633,224       562,575  
    Deferred revenue (current), beginning of period(1)   (657,001 )     (580,779 )
    Calculated current billings $ 215,360     $ 197,757  

    ________________
    (1) Deferred revenue (current), beginning of period for the three months ended March 31, 2025 includes $6.6 million related to acquired deferred revenue.

    Remaining Performance Obligations March 31,
    (in thousands) 2025
    		   2024
    Remaining performance obligations, short-term $ 647,647     $ 572,851  
    Remaining performance obligations, long-term   234,598       169,560  
    Remaining performance obligations $ 882,245     $ 742,411  
    Free Cash Flow and Unlevered Free Cash Flow Three Months Ended March 31,
    (in thousands) 2025   2024
    Net cash provided by operating activities $ 87,407     $ 50,326  
    Purchases of property and equipment   (6,553 )     (665 )
    Capitalized software development costs   (624 )     (2,532 )
    Free cash flow   80,230       47,129  
    Cash paid for interest and other financing costs   6,574       7,611  
    Unlevered free cash flow $ 86,804     $ 54,740  

    Free cash flow and unlevered free cash flow for the periods presented were impacted by:

      Three Months Ended March 31,
    (in thousands) 2025   2024
    Employee stock purchase plan activity $ (5,413 )   $ (6,332 )
    Acquisition-related expenses   (3,189 )     (466 )
    Restructuring   —       (3,822 )
    Non-GAAP Income from Operations and Non-GAAP Operating Margin Three Months Ended March 31,
    (dollars in thousands) 2025   2024
    Loss from operations $ (17,711 )   $ (8,930 )
    Stock-based compensation   55,903       39,719  
    Acquisition-related expenses   4,621       161  
    Restructuring   —       1,389  
    Amortization of acquired intangible assets   5,864       4,669  
    Non-GAAP income from operations $ 48,677     $ 37,008  
    Operating margin (7 )%   (4 )%
    Non-GAAP operating margin   20  %     17  %
    Non-GAAP Net Income and Non-GAAP Earnings Per Share Three Months Ended March 31,
    (in thousands, except per share data) 2025   2024
    Net loss $ (22,935 )   $ (14,386 )
    Stock-based compensation   55,903       39,719  
    Tax impact of stock-based compensation(1)   855       (1,077 )
    Acquisition-related expenses(2)   4,621       161  
    Restructuring(2)   —       1,389  
    Amortization of acquired intangible assets(2)   5,864       4,669  
    Tax impact of acquisitions   (58 )     (35 )
    Non-GAAP net income $ 44,250     $ 30,440  
           
    Net loss per share, diluted $ (0.19 )   $ (0.12 )
    Stock-based compensation   0.46       0.34  
    Tax impact of stock-based compensation(1)   0.01       (0.01 )
    Acquisition-related expenses(2)   0.04       —  
    Restructuring(2)   —       0.01  
    Amortization of acquired intangible assets(2)   0.05       0.04  
    Tax impact of acquisitions   —       —  
    Adjustment to diluted earnings per share(3)   (0.01 )     (0.01 )
    Non-GAAP earnings per share, diluted $ 0.36     $ 0.25  
           
    Weighted-average shares used to compute GAAP net loss per share, diluted   120,083       117,542  
           
    Weighted-average shares used to compute non-GAAP earnings per share, diluted   124,152       123,266  

    ________________

    (1) The tax impact of stock-based compensation is based on the tax treatment for the applicable tax jurisdictions.
    (2) The tax impact of acquisition-related expenses, restructuring and the amortization of acquired intangible assets are not material.
    (3) An adjustment to reconcile GAAP net loss per share, which excludes potentially dilutive shares, to non-GAAP earnings per share, which includes potentially dilutive shares.

    Non-GAAP Gross Profit and Non-GAAP Gross Margin Three Months Ended March 31,
    (dollars in thousands) 2025   2024
    Gross profit $ 186,677     $ 167,029  
    Stock-based compensation   3,315       2,982  
    Amortization of acquired intangible assets   5,864       4,669  
    Non-GAAP gross profit $ 195,856     $ 174,680  
    Gross margin   78 %     77 %
    Non-GAAP gross margin   82 %     81 %
    Non-GAAP Sales and Marketing Expense Three Months Ended March 31,
    (dollars in thousands) 2025   2024
    Sales and marketing expense $ 103,182     $ 99,825  
    Less: Stock-based compensation   16,630       15,300  
    Less: Acquisition-related expenses   1,054       —  
    Non-GAAP sales and marketing expense $ 85,498     $ 84,525  
    Non-GAAP sales and marketing expense % of revenue   36 %     39 %
    Non-GAAP Research and Development Expense Three Months Ended March 31,
    (dollars in thousands) 2025   2024
    Research and development expense $ 53,223     $ 43,727  
    Less: Stock-based compensation   12,967       11,161  
    Less: Acquisition-related expenses   1,239       (20 )
    Non-GAAP research and development expense $ 39,017     $ 32,586  
    Non-GAAP research and development expense % of revenue   16 %     15 %
    Non-GAAP General and Administrative Expense Three Months Ended March 31,
    (dollars in thousands) 2025   2024
    General and administrative expense $ 47,983     $ 31,018  
    Less: Stock-based compensation   22,991       10,276  
    Less: Acquisition-related expenses   2,328       181  
    Non-GAAP general and administrative expense $ 22,664     $ 20,561  
    Non-GAAP general and administrative expense % of revenue   9 %     10 %

    The following adjustments to reconcile forecasted non-GAAP income from operations, non-GAAP net income, non-GAAP earnings per share, free cash flow and unlevered free cash flow are subject to a number of uncertainties and assumptions, each of which are inherently difficult to forecast. As a result, actual adjustments and GAAP results may differ materially.

    Forecasted Non-GAAP Income from Operations Three Months Ending
    June 30, 2025    		   Year Ending
    December 31, 2025
    (in millions) Low   High   Low   High
    Forecasted loss from operations $ (12.0 )   $ (10.0 )   $ (22.0 )   $ (12.0 )
    Forecasted stock-based compensation   47.0       47.0       196.0       196.0  
    Forecasted acquisition-related expenses   1.5       1.5       6.0       6.0  
    Forecasted amortization of acquired intangible assets   6.5       6.5       25.0       25.0  
    Forecasted non-GAAP income from operations $ 43.0     $ 45.0     $ 205.0     $ 215.0  
    Forecasted Non-GAAP Net Income and Non-GAAP Earnings Per Share Three Months Ending
    June 30, 2025    		   Year Ending
    December 31, 2025
    (in millions, except per share data) Low   High   Low   High
    Forecasted net loss(1) $ (20.0 )   $ (18.0 )   $ (53.0 )   $ (43.0 )
    Forecasted stock-based compensation   47.0       47.0       196.0       196.0  
    Forecasted tax impact of stock-based compensation   1.0       1.0       4.0       4.0  
    Forecasted acquisition-related expenses   1.5       1.5       6.0       6.0  
    Forecasted amortization of acquired intangible assets   6.5       6.5       25.0       25.0  
    Forecasted non-GAAP net income $ 36.0     $ 38.0     $ 178.0     $ 188.0  
                   
    Forecasted net loss per share, diluted(1) $ (0.16 )   $ (0.15 )   $ (0.44 )   $ (0.36 )
    Forecasted stock-based compensation   0.39       0.39       1.62       1.62  
    Forecasted tax impact of stock-based compensation   0.01       0.01       0.03       0.03  
    Forecasted acquisition-related expenses   0.01       0.01       0.05       0.05  
    Forecasted amortization of acquired intangible assets   0.05       0.05       0.21       0.21  
    Adjustment to diluted earnings per share(2)   (0.01 )     —       (0.03 )     (0.03 )
    Forecasted non-GAAP earnings per share, diluted $ 0.29     $ 0.31     $ 1.44     $ 1.52  
                   
    Forecasted weighted-average shares used to compute GAAP net loss per share, diluted   121.5       121.5       121.0       121.0  
    Forecasted weighted-average shares used to compute non-GAAP earnings per share, diluted   123.0       123.0       123.5       123.5  

    ________________
    (1) The forecasted GAAP net loss assumes income tax expense of $4.1 million and $16.8 million in the three months ending June 30, 2025 and year ending December 31, 2025, respectively.
    (2) Adjustment to reconcile GAAP net loss per share, which excludes potentially dilutive shares, to non-GAAP earnings per share, which includes potentially dilutive shares.

    Forecasted Free Cash Flow and Unlevered Free Cash Flow Year Ending
    December 31, 2025
    (in millions) Low   High
    Forecasted net cash provided by operating activities $ 256.0     $ 266.0  
    Forecasted purchases of property and equipment   (15.0 )     (15.0 )
    Forecasted capitalized software development costs   (3.0 )     (3.0 )
    Forecasted free cash flow   238.0       248.0  
    Forecasted cash paid for interest and other financing costs   27.0       27.0  
    Forecasted unlevered free cash flow $ 265.0     $ 275.0  

    The MIL Network –

    April 30, 2025

  • MIL-OSI USA: SPC Severe Thunderstorm Watch 191

    Source: US National Oceanic and Atmospheric Administration

    Note:  The expiration time in the watch graphic is amended if the watch is replaced, cancelled or extended.Note: Click for Watch Status Reports.
    SEL1

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Severe Thunderstorm Watch Number 191
    NWS Storm Prediction Center Norman OK
    330 PM EDT Tue Apr 29 2025

    The NWS Storm Prediction Center has issued a

    * Severe Thunderstorm Watch for portions of
    Western and Northern New York
    Western and Central Pennsylvania
    Northern West Virginia
    Lake Erie
    Lake Ontario

    * Effective this Tuesday afternoon and evening from 330 PM until
    1000 PM EDT.

    * Primary threats include…
    Scattered damaging wind gusts to 70 mph likely
    Scattered large hail events to 1.5 inches in diameter possible
    A tornado or two possible

    SUMMARY…Multiple lines and clusters of thunderstorms will traverse
    the watch area through the afternoon and early evening. The
    strongest storms will pose a risk of damaging winds gusts and some
    hail.

    The severe thunderstorm watch area is approximately along and 80
    statute miles north and south of a line from 15 miles west northwest
    of Pittsburgh PA to 60 miles south southeast of Massena NY. For a
    complete depiction of the watch see the associated watch outline
    update (WOUS64 KWNS WOU1).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Severe Thunderstorm Watch means conditions are
    favorable for severe thunderstorms in and close to the watch area.
    Persons in these areas should be on the lookout for threatening
    weather conditions and listen for later statements and possible
    warnings. Severe thunderstorms can and occasionally do produce
    tornadoes.

    &&

    OTHER WATCH INFORMATION…CONTINUE…WW 187…WW 188…WW
    189…WW 190…

    AVIATION…A few severe thunderstorms with hail surface and aloft to
    1.5 inches. Extreme turbulence and surface wind gusts to 60 knots. A
    few cumulonimbi with maximum tops to 500. Mean storm motion vector
    24035.

    …Hart

    Note: The Aviation Watch (SAW) product is an approximation to the watch area. The actual watch is depicted by the shaded areas.
    SAW1
    WW 191 SEVERE TSTM NY PA WV LE LO 291930Z – 300200Z
    AXIS..80 STATUTE MILES NORTH AND SOUTH OF LINE..
    15WNW PIT/PITTSBURGH PA/ – 60SSE MSS/MASSENA NY/
    ..AVIATION COORDS.. 70NM N/S /20SW EWC – 49SSE MSS/
    HAIL SURFACE AND ALOFT..1.5 INCHES. WIND GUSTS..60 KNOTS.
    MAX TOPS TO 500. MEAN STORM MOTION VECTOR 24035.

    LAT…LON 41748049 45287437 42977437 39418049

    THIS IS AN APPROXIMATION TO THE WATCH AREA. FOR A
    COMPLETE DEPICTION OF THE WATCH SEE WOUS64 KWNS
    FOR WOU1.

    Watch 191 Status Report Message has not been issued yet.

    Note:  Click for Complete Product Text.Tornadoes

    Probability of 2 or more tornadoes

    Low (20%)

    Probability of 1 or more strong (EF2-EF5) tornadoes

    Low (5%)

    Wind

    Probability of 10 or more severe wind events

    High (70%)

    Probability of 1 or more wind events > 65 knots

    Low (20%)

    Hail

    Probability of 10 or more severe hail events

    Mod (40%)

    Probability of 1 or more hailstones > 2 inches

    Low (20%)

    Combined Severe Hail/Wind

    Probability of 6 or more combined severe hail/wind events

    High (90%)

    For each watch, probabilities for particular events inside the watch (listed above in each table) are determined by the issuing forecaster. The “Low” category contains probability values ranging from less than 2% to 20% (EF2-EF5 tornadoes), less than 5% to 20% (all other probabilities), “Moderate” from 30% to 60%, and “High” from 70% to greater than 95%. High values are bolded and lighter in color to provide awareness of an increased threat for a particular event.

    MIL OSI USA News –

    April 30, 2025

  • MIL-OSI Asia-Pac: WAM! India’s first national initiative dedicated to nurturing, and promoting original Indian IPs in anime, manga, webtoons, and cosplay will culminate at WAVES 2025

    Source: Government of India

    WAM! India’s first national initiative dedicated to nurturing, and promoting original Indian IPs in anime, manga, webtoons, and cosplay will culminate at WAVES 2025

    WAVES WAM! finalists to benefit from a Creator Development Grant to nurture and empower the talented creators

    Posted On: 29 APR 2025 4:37PM by PIB Mumbai

    Mumbai, 29 April 2025

     

    After months of regional contests and thousands of entries, finalists from 11 cities across India have been selected to take part in the WAVES Anime & Manga Contest (WAM!) national finale to be held in the World Audio-Visual & Entertainment Summit (WAVES) 2025 at the Jio World Convention Centre, Mumbai, from May 1–4, 2025.

    WAM!, organized by the Union Ministry of Information and Broadcasting in collaboration with the Media & Entertainment Association of India (MEAI), is India’s first national initiative dedicated to discovering, nurturing, and promoting original Indian IPs in anime, manga, webtoons, and cosplay. These creative pursuits and their creators, who made it to the final round, will get a great exposure in the landmark initiative WAVES 2025 which will bring together global leaders, innovators, studios, and creators to foster India’s creative economy. WAVES which is being held with a vision of “Create in India, Create for the World”, aims to empower Indian creators to dream bigger and reach global audiences. WAVES is India’s biggest platform for the AVGC-XR sector-Animation, Visual Effects, Gaming, Comics, and Extended Reality. At the center of WAVES is the Create in India Challenges (CIC). Season 1 of CIC has made history with around 1 lakh registrations, including 1,100 international participants. After a detailed selection process, 750+ finalists have been chosen from 32 unique challenges.

    In a significant boost to India’s budding creators, Crunchyroll, the global anime brand fueling fans’ passion and love of anime, has joined WAM! (WAVES Anime & Manga Contest) 2025 as the Title Sponsor. Crunchyball has introduced a Creator Development Grant to nurture and empower the winners of WAM! 2025. This grant aims to support emerging artists and storytellers in anime, manga, and webtoon fields as they develop original intellectual properties (IPs) for global audiences.

    Creator Development Grant details are as follows:

    • Manga (Student Category) — INR 25,000
    • Manga (Professional Category) — INR 25,000
    • Webtoon (Student Category) — INR 25,000
    • Webtoon (Professional Category) — INR 25,000
    • Anime (Student Category) — INR 50,000
    • Anime (Professional Category) — INR 50,000

    In addition, Crunchyroll will extend its support to Team India, the winners of the WAM! 2025 Finale, as they represent the country at Anime Japan 2026, the world’s premier anime exhibition in Tokyo. This backing will help showcase India’s original creative talents on the global stage.  Crunchyroll, LLC is an independently operated joint venture between U.S.-based Sony Pictures Entertainment and Japan’s Aniplex, a subsidiary of Sony Music Entertainment (Japan) Inc., both subsidiaries of Tokyo-based Sony Group.

    About WAVES:

    The first World Audio Visual & Entertainment Summit (WAVES), a milestone event for the Media & Entertainment (M&E) sector, will be hosted by the Government of India in Mumbai, Maharashtra, from May 1 to 4, 2025.

    Whether you’re an industry professional, investor, creator, or innovator, the Summit offers the ultimate global platform to connect, collaborate, innovate and contribute to the M&E landscape.

    WAVES is set to magnify India’s creative strength, amplifying its position as a hub for content creation, intellectual property, and technological innovation. Industries and sectors in focus include Broadcasting, Print Media, Television, Radio, Films, Animation, Visual Effects, Gaming, Comics, Sound and Music, Advertising, Digital Media, Social Media Platforms, Generative AI, Augmented Reality (AR), Virtual Reality (VR), and Extended Reality (XR).

    Have questions? Find answers here

    Stay updated with the latest announcements from PIB Team WAVES

     

    * * *

    PIB TEAM WAVES 2025 | Sriyanka/ Darshana | 115

    Follow us on social media: @PIBMumbai    /PIBMumbai     /pibmumbai   pibmumbai[at]gmail[dot]com  /PIBMumbai     /pibmumbai

    (Release ID: 2125183) Visitor Counter : 80

    MIL OSI Asia Pacific News –

    April 30, 2025

  • MIL-OSI Asia-Pac: 92nd Meeting of Network Planning Group under PM GatiShakti evaluates key Infrastructure projects

    Source: Government of India

    92nd Meeting of Network Planning Group under PM GatiShakti evaluates key Infrastructure projects

    NPG evaluates Road and Railway Projects for integrated multimodal connectivity

    Projects to enhance logistics efficiency, boost regional development

    Posted On: 29 APR 2025 7:56PM by PIB Delhi

    The 92nd meeting of the Network Planning Group (NPG) was convened today in New Delhi to evaluate infrastructure projects in the Road and Railway sectors. The deliberations focused on enhancing multimodal connectivity and improving logistics efficiency, in line with the PM GatiShakti National Master Plan (PMGS NMP).

    The NPG assessed four major proposals — one from the Ministry of Road Transport and Highways (MoRTH) and three from the Ministry of Railways (MoR). These projects were evaluated for their alignment with the core principles of PM GatiShakti, including integrated multimodal infrastructure, last-mile connectivity, and a whole-of-government and whole-of-area development approach. These initiatives are expected to reduce travel time, enhance freight movement, and yield significant socio-economic gains across regions.

    Ministry of Road Transport and Highways (MoRTH)

    1. Six/Four Lane Access-Controlled Highway – Rishikesh Bypass

    The Ministry of Road Transport & Highways (MoRTH), through NHAI, has proposed a bypass around Rishikesh to decongest the city and improve traffic movement on NH-34 — a key route connecting Delhi, Meerut, Roorkee, Haridwar, and Badrinath. This highway links key religious and industrial nodes, including Haridwar, Dehradun, BHEL, SIDCUL, and strategic border points like Mana, Nelang, and Niti. The project includes a 6/4-lane elevated corridor and an additional 4-lane road, offering alternative routes to manage future traffic and improve overall capacity.

    Ministry of Railways (MoR)

    1. Bina–Itarsi 4th Railway Line (236.97 km)

    The MoR has proposed a 4th railway line between Bina and Itarsi, traversing key stations such as Narmadapuram, Rani Kamalapati, Bhopal, Nishatpura, and Vidisha. This alignment includes 32 stations and aims to improve freight operations. The project is expected to reduce transit time by approximately 46 minutes and increase sectional speed by 10 km/h, contributing to faster and more efficient rail logistics.

    1. Kasara–Manmad Multi-Tracking Lines (3rd & 4th Lines, 2×130.817 km)

    This project involves construction of 3rd and 4th railway lines across two sections: Kasara–Igatpuri in the Northeastern Ghats and Igatpuri–Manmad in the Deccan Plateau. The primary aim is to maintain a ruling gradient of 1 in 100, eliminating the requirement for banking engines and improving energy efficiency. The alignment bypasses several stations and merges with the existing line at Lahavit station, ensuring smoother freight movement.

    1. Bhusawal–Wardha 3rd & 4th Railway Lines (314 km)

    The proposed 314-km 3rd and 4th lines between Bhusawal and Wardha pass through five Maharashtra districts — Jalgaon, Buldhana, Akola, Amravati, and Wardha. The project includes new railway tracks, station upgrades, yard reconfiguration, and signaling improvements. As part of the Mumbai–Howrah high-density corridor (HDN-2), this route is critical for decongesting freight traffic and strengthening the Central Railway network.

    The meeting was chaired by Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Shri Pankaj Kumar.

    ***

    Abhishek Dayal, Abhijith Narayanan/ Ishita Biswas

    (Release ID: 2125278) Visitor Counter : 60

    MIL OSI Asia Pacific News –

    April 30, 2025

  • MIL-OSI Asia-Pac: Digital Policy Office leads I&T industry delegation to visit Fuzhou (with photos)

    Source: Hong Kong Government special administrative region

    Digital Policy Office leads I&T industry delegation to visit Fuzhou  
         The exhibits in the Hong Kong Pavilion mainly come from award-winning projects in local and international I&T competitions, including the Hong Kong ICT Awards, Maker in China SME Innovation and Entrepreneurship Global Contest – Hong Kong Chapter, the Hong Kong/Shanghai Co-operation Open Data Challenge, and the Asia Pacific Information and Communications Technology Alliance Awards. They cover a wide range of cutting-edge technology fields, such as big data analysis, AI, blockchain, cloud computing and the Internet of Things. The applications of the exhibits are broad, spanning finance, healthcare, smart site management and digital entertainment, highlighting Hong Kong’s deep integration of the digital economy with the real economy, as well as high-quality development of new quality productive forces.
     
         Addressing the opening ceremony of the Hong Kong Pavilion yesterday morning, Mr Wong said that this year marks the first time for the DPO to lead a delegation to showcase technology at the Summit’s Hong Kong Pavilion. The exhibition not only provides a valuable opportunity for Hong Kong’s I&T industry, allowing the Mainland I&T industry and investors to gain an in-depth understanding of Hong Kong’s excellent services and leading products, but also helps Hong Kong enterprises tap into the enormous Mainland market and its diverse business opportunities. In addition, the exhibition showcases the remarkable innovative capabilities of Hong Kong’s I&T industry, highlighting the city’s potential to integrate into the overall I&T development of the country. 
     
         Yesterday afternoon, Mr Wong visited the Fujian Artificial Intelligence Computing Center to gain an in-depth understanding of the Center’s facilities and technology applications, as well as the status of its support for the development of the AI industry. He then visited the Fujian Big Data Trading Center to learn about the Center’s experiences and practices in promoting the development of the data trading business. Finally, he visited China Unicom’s Fuzhou Smart Cloud Data Center to learn how the enterprise built a green and low-carbon data centre with high computing power and high security, as well as its latest technology deployment in promoting “Hong Kong data stored in Fujian, Hong Kong data computed in Fujian”.
     
         Yesterday evening, Mr Wong attended the Digital China AI City Summit organised by Huawei Technologies Co, Ltd. He shared the latest developments in AI applications by the Hong Kong Special Administrative Region Government, as well as the Hong Kong Generative Artificial Intelligence Technical and Application Guideline released by the DPO on April 15, showcasing Hong Kong’s proactive measures in promoting the development of digital government and AI.
     
         Mr Wong attended the opening ceremony of the Summit this morning (April 29). The Summit, under the theme “Digital Intelligence Leads High-quality Development”, was co-organised by the National Development and Reform Commission, the National Data Administration, the Cyberspace Administration of China (CAC), the Ministry of Industry and Information Technology and the Fujian Provincial People’s Government, and undertaken by the Fuzhou Municipal People’s Government and relevant units. In the afternoon, Mr Wong attended a sub-forum on e-government services, hosted by the CAC, where he delivered a keynote speech on strategies for enhancing public services through digital empowerment in Hong Kong.
     
         Mr Wong concluded his visit today and returned to Hong Kong in the evening.
    Issued at HKT 19:26

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    April 30, 2025

  • MIL-OSI Asia-Pac: Shipping Ministry hosts Workshop on Digital Transformation to achieve Maritime Amrit Kaal Vision 2047

    Source: Government of India

    Posted On: 29 APR 2025 7:13PM by PIB Delhi

    The Ministry of Ports, Shipping and Waterways (MoPSW) organised one-day workshop on IT Procurement and Project Management in New Delhi, aiming to enhance digital efficiency and streamline IT implementation across India’s maritime and shipping ecosystem.

    The workshop was virtually inaugurated by Hon’ble Union Minister of Ports, Shipping and Waterways, Shri Sarbananda Sonowal, who emphasised the transformative role of technology in modernising port operations and enhancing service delivery for stakeholders.

    Shri T.K. Ramachandran, Secretary, Ministry of Ports, Shipping and Waterways addressed the participants and underlined the importance of innovation, collaboration, and capacity building in accelerating the digital transformation within the maritime sector. 

    The event witnessed active participation from senior officials of the Ministry, various ports, and associated organisations.  In-depth sessions during the workshop focused on challenges in IT projects, identifying root causes, and exploring actionable solutions to improve project outcomes. Case studies from ongoing projects of the Ministry were discussed to draw practical insights.

    Key highlight of the event was a presentation on the proposed Digital Centre of Excellence (DCoE)—envisioned as a dedicated center for IT project delivery, to be developed with support from CDAC.

    Live demonstrations were held to showcase innovative digital tools, including SPARSH (Dashboard for Ports) and Counsello, AI-powered platforms developed by startups.  Draft IT Procurement Guidelines were also introduced during the session, with participants encouraged to share feedback based on their on-ground experience. The discussions were led by Shri R. Lakshmanan, Joint Secretary (IT), MoPSW, who reaffirmed the Ministry’s commitment to building resilient and future-ready digital systems.

    The workshop concluded with closing remarks by the Secretary, MoPSW, emphasising the need for effective project execution and integration of next-generation technologies such as AI, ML, and other indigenous software solutions. 

    A vote of thanks was delivered by the Deputy Director (IT), acknowledging the contributions of all participants.

    ***

     

    GDH/HR

    (Release ID: 2125263) Visitor Counter : 33

    MIL OSI Asia Pacific News –

    April 30, 2025

  • MIL-OSI USA: SPC Severe Thunderstorm Watch 190

    Source: US National Oceanic and Atmospheric Administration

    Note:  The expiration time in the watch graphic is amended if the watch is replaced, cancelled or extended.Note: Click for Watch Status Reports.
    SEL0

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Severe Thunderstorm Watch Number 190
    NWS Storm Prediction Center Norman OK
    200 PM CDT Tue Apr 29 2025

    The NWS Storm Prediction Center has issued a

    * Severe Thunderstorm Watch for portions of
    Southwest Oklahoma
    West Central Texas

    * Effective this Tuesday afternoon and evening from 200 PM until
    900 PM CDT.

    * Primary threats include…
    Scattered large hail and isolated very large hail events to 2.5
    inches in diameter likely
    Scattered damaging wind gusts to 70 mph likely
    A tornado or two possible

    SUMMARY…Thunderstorms will increase in coverage and intensity
    through the afternoon and early evening. Supercells capable of very
    large hail are the main concern.

    The severe thunderstorm watch area is approximately along and 80
    statute miles east and west of a line from 35 miles south southeast
    of Midland TX to 40 miles east northeast of Clinton OK. For a
    complete depiction of the watch see the associated watch outline
    update (WOUS64 KWNS WOU0).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Severe Thunderstorm Watch means conditions are
    favorable for severe thunderstorms in and close to the watch area.
    Persons in these areas should be on the lookout for threatening
    weather conditions and listen for later statements and possible
    warnings. Severe thunderstorms can and occasionally do produce
    tornadoes.

    &&

    OTHER WATCH INFORMATION…CONTINUE…WW 187…WW 188…WW 189…

    AVIATION…A few severe thunderstorms with hail surface and aloft to
    2.5 inches. Extreme turbulence and surface wind gusts to 60 knots. A
    few cumulonimbi with maximum tops to 500. Mean storm motion vector
    24035.

    …Hart

    Note: The Aviation Watch (SAW) product is an approximation to the watch area. The actual watch is depicted by the shaded areas.
    SAW0
    WW 190 SEVERE TSTM OK TX 291900Z – 300200Z
    AXIS..80 STATUTE MILES EAST AND WEST OF LINE..
    35SSE MAF/MIDLAND TX/ – 40ENE CSM/CLINTON OK/
    ..AVIATION COORDS.. 70NM E/W /34SSE MAF – 47WNW OKC/
    HAIL SURFACE AND ALOFT..2.5 INCHES. WIND GUSTS..60 KNOTS.
    MAX TOPS TO 500. MEAN STORM MOTION VECTOR 24035.

    LAT…LON 31470333 35549997 35549712 31470062

    THIS IS AN APPROXIMATION TO THE WATCH AREA. FOR A
    COMPLETE DEPICTION OF THE WATCH SEE WOUS64 KWNS
    FOR WOU0.

    Watch 190 Status Report Message has not been issued yet.

    Note:  Click for Complete Product Text.Tornadoes

    Probability of 2 or more tornadoes

    Low (20%)

    Probability of 1 or more strong (EF2-EF5) tornadoes

    Low (5%)

    Wind

    Probability of 10 or more severe wind events

    Mod (60%)

    Probability of 1 or more wind events > 65 knots

    Low (10%)

    Hail

    Probability of 10 or more severe hail events

    High (70%)

    Probability of 1 or more hailstones > 2 inches

    Mod (60%)

    Combined Severe Hail/Wind

    Probability of 6 or more combined severe hail/wind events

    High (>95%)

    For each watch, probabilities for particular events inside the watch (listed above in each table) are determined by the issuing forecaster. The “Low” category contains probability values ranging from less than 2% to 20% (EF2-EF5 tornadoes), less than 5% to 20% (all other probabilities), “Moderate” from 30% to 60%, and “High” from 70% to greater than 95%. High values are bolded and lighter in color to provide awareness of an increased threat for a particular event.

    MIL OSI USA News –

    April 30, 2025

  • MIL-OSI Asia-Pac: TRAI releases Pre-Consultation Paper on

    Source: Government of India

    TRAI releases Pre-Consultation Paper on

    “Review of Tariff for Domestic Leased Circuits (DLCs)”

    Posted On: 29 APR 2025 2:51PM by PIB Delhi

    The Telecom Regulatory Authority of India (TRAI) has today released a Pre-Consultation Paper on “Review of Tariff for Domestic Leased Circuits (DLCs)” seeking inputs from stakeholders.

    To facilitate this review, the Authority invites all stakeholders to participate in the present pre-consultation process by submitting relevant issues, concerns and suggestions pertaining to the existing ceiling tariff of Domestic Leased Circuits.

    Written comments on the Pre-Consultation Paper are invited from stakeholders by 19th May 2025. Inputs/Comments received from stakeholders would be analysed and considered by the Authority to examine the need for a review of DLC tariffs.

    The comments may be sent, preferably in electronic form at advfea2@trai.gov.in. For any clarification / information Shri Vijay Kumar, Advisor (Financial & Economic Analysis), TRAI, may be contacted at Telephone No. +91-11-20907773.

    *****

    Samrat/Allen:

    (Release ID: 2125123) Visitor Counter : 82

    MIL OSI Asia Pacific News –

    April 30, 2025

  • MIL-OSI USA: Reed & Whitehouse Denounce Trump’s Disjointed International Student Visa Revocations That Drives Away Top Talent

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed
    WASHINGTON, DC – Earlier this month, the Trump Administration abruptly and arbitrarily removed thousands of international students from the Student and Exchange Visitor Information Systems (SEVIS) database, which schools and the federal government use to monitor visa compliance.  Students at Brown University and the Rhode Island School of Design were among those reported to be impacted.
    Multi-state litigation was launched on behalf of students and communities nationwide affected by the revocations, and those fearful they could be next, and the courts sided with the international students, forcing the Trump Administration to halt and reverse its wave of visa revocations.  But with uncertainty and concern still high among families and schools, Rhode Island’s two U.S. Senators are taking action to help impacted foreign students and local schools and universities.  The senators also warn President Trump is driving top talent away and harming U.S. interests.
    Today, U.S. Senators Jack Reed (D-RI) and Sheldon Whitehouse joined Dick Durbin (D-IL), Ranking Member of the Senate Judiciary Committee, and 32 of their Senate colleagues in pressing the Trump Administration to reconsider recent decisions to revoke student visas in a letter to Department of Homeland Security (DHS) Secretary Kristi Noem, Secretary of State Marco Rubio, and Immigration and Customs Enforcement (ICE) Acting Director Todd Lyons.
    The 35 U.S. Senators began by urging the Administration to undo unlawful student visa revocations, writing: “We recently learned that your agencies have been revoking student visas and terminating Student Exchange and Visitor Information System (SEVIS) records across the country. These actions to end student status reflected an unannounced change in policy and were inconsistent with existing laws, regulations, policies, and agency guidance governing the maintenance and termination of student status—that is why we welcomed the news late last week that in response to litigation around the country, ICE has reversed these SEVIS terminations. We now urge you to undo other actions to end student status that are inconsistent with such laws, regulations, and agency guidance and ensure that all future actions to end student status fully comply with the law.”
    The Senators continued by highlighting the lack of reasoning provided in many of these visa revocations, writing: “[S]tudents across the country—who by all accounts appear to have followed all of the applicable laws and agency guidance—have reported visa revocations with no clear explanation as to the basis to terminate status. SEVP has completed at least 4,736 total terminations of student visa holders’ SEVIS records. By DHS’s own admission, the statute and regulations do not provide SEVP the authority to terminate nonimmigrant status by terminating a SEVIS record. Your decision to reverse such terminations is therefore prudent and required by law.”
    The Senators then outlined the Trump Administration’s apparent violation of federal law in revoking these visas, writing: “Current laws, regulations, and agency guidance also require notice to be provided when a student’s status is being terminated or revoked. Here, it is not clear that students were provided the notice required by law. Many students were notified by universities that they have lost their student status when their SEVIS records have been terminated, without being provided any information about potential reinstatement. Some students received emails that their visas were revoked and were directed to self-deport, with no clear information as to the basis for their revocation or means by which they can appeal the revocation. Some students only learned about losing status when arrested by masked federal agents. These reports suggest that students were not given notice of the termination of their status in a manner consistent with existing laws, regulations, and agency guidance.”
    The Senators conclude with an appeal to the Administration to reconsider these visa revocations and warning to adhere to federal law, before making a series of immigration requests, writing: “Students who have entered through our legal immigration system and followed the law remain unsure of what, if any, steps they may take to maintain their status and safeguard themselves from immigration enforcement. While we are relieved that ICE has reversed these SEVIS terminations, we now urge you to undo other actions to end student status that are inconsistent with such laws, regulations, and agency guidance. Finally, we understand that you are contemplating additional actions to end student status. Any such changes must be consistent with applicable statutes, including requirements for notice with respect to changes that would deprive a student of their status and ability to live and study in the United States and place them at risk of detention.”
    In addition to Reed, Whitehouse, and Durbin, the letter is signed by U.S. Senators Tammy Baldwin (D-WI), Michael Bennett (D-CO), Richard Blumenthal (D-CT), Lisa Blunt Rochester (D-DE), Cory Booker (D-NJ), Chris Coons (D-DE), Catherine Cortez Masto (D-NV), Tammy Duckworth (D-IL), Ruben Gallego (D-AZ), Maggie Hassan (D-NH), Martin Heinrich (D-NM), Mazie Hirono (D-HI), Tim Kaine (D-VA), Mark Kelly (D-AZ), Andy Kim (D-NJ), Amy Klobuchar (D-MN), Ben Ray Luján (D-NM),  Jeff Merkley (D-OR), Patty Murray (D-WA), Jon Ossoff (D-GA), Alex Padilla (D-CA), Jacky Rosen (D-NV), Bernie Sanders (I-VT), Brian Schatz (D-HI), Adam Schiff (D-CA), Jeanne Shaheen (D-NH), Tina Smith (D-MN), Chris Van Hollen (D-MD), Mark Warner (D-VA), Raphael Warnock (D-GA), Elizabeth Warren (D-MA), Peter Welch (D-VT), and Ron Wyden (D-OR).
    Full text of the letter follows:
    Dear Secretary Noem, Secretary Rubio, and Acting Director Lyons:
    We recently learned that your agencies have been revoking student visas and terminating Student Exchange and Visitor Information System (SEVIS) records across the country. These actions to end student status reflected an unannounced change in policy and were inconsistent with existing laws, regulations, policies, and agency guidance governing the maintenance and termination of student status—that is why we welcomed the news late last week that in response to litigation around the country, ICE has reversed these SEVIS terminations.  We now urge you to undo other actions to end student status that are inconsistent with such laws, regulations, and agency guidance and ensure that all future actions to end student status fully comply with the law.
    Foreign students must navigate a complicated mix of agencies to maintain their status. Under current regulations and policy, students who enter into the United States on an F-1 student visa or J-1 exchange visitor visa are admitted to the United States for “duration of status.”  This essentially means that F-1 and J-1 visa holders may be in good standing as long as they comply with the terms and conditions of their status, even if their visa has expired.  Students who enter on an M-1 visa for vocational education are admitted for a fixed time period to complete their course of study.  The Office of Student Exchange and Visitor Programs (SEVP), within the Department of Homeland Security (DHS) Immigration and Customs Enforcement (ICE), works with universities and program administrators to determine whether F-1 and M-1 students are meeting requirements for their visas and terminate SEVIS records as appropriate under SEVP regulations.  The Department of State (DOS) Bureau of Educational and Cultural Affairs administers the J-1 exchange visitor visa, but their records are maintained by SEVIS. Existing regulations and agency guidance inform students and other visa holders of how they might lose their student status, including that they cannot be convicted of serious crimes, cannot work unless authorized by DHS, and must be completing the education or program related to their visa. However, students across the country—who by all accounts appear to have followed all of the applicable laws and agency guidance—have reported visa revocations with no clear explanation as to the basis to terminate status. SEVP has completed at least 4,736 total terminations of student visa holders’ SEVIS records. By DHS’s own admission, the statute and regulations do not provide SEVP the authority to terminate nonimmigrant status by terminating a SEVIS record. Your decision to reverse such terminations is therefore prudent and required by law.
    Current laws, regulations, and agency guidance also require notice to be provided when a student’s status is being terminated or revoked. Here, it is not clear that students were provided the notice required by law. Many students were notified by universities that they have lost their student status when their SEVIS records have been terminated, without being provided any information about potential reinstatement. Some students received emails that their visas were revoked and were directed to self-deport, with no clear information as to the basis for their revocation or means by which they can appeal the revocation. Some students only learned about losing status when arrested by masked federal agents.  These reports suggest that students were not given notice of the termination of their status in a manner consistent with existing laws, regulations, and agency guidance.
    Once a student’s visa is revoked, although their status is not automatically terminated, removal proceedings may be initiated against them, allowing them to be detained at the discretion of DHS. Similarly, when a student’s SEVIS record is terminated, the student is no longer in an authorized period of stay in the United States, and students and their universities cannot regularly maintain student records in SEVIS, as is required to maintain student status. In addition, upon SEVIS record termination, the student must depart the United States or take other action to restore legal status, and DHS “may investigate to confirm the departure of the student.”
    Students who have entered through our legal immigration system and followed the law remain unsure of what, if any, steps they may take to maintain their status and safeguard themselves from immigration enforcement. While we are relieved that ICE has reversed these SEVIS terminations, we now urge you to undo other actions to end student status that are inconsistent with such laws, regulations, and agency guidance. Finally, we understand that you are contemplating additional actions to end student status. Any such changes must be consistent with applicable statutes, including requirements for notice with respect to changes that would deprive a student of their status and ability to live and study in the United States and place them at risk of detention.
    We also request information to better understand how your departments are implementing any new, unannounced policies with respect to identifying students for status revocation. Please provide the following information by May 12, 2025:
    1. Any guidance issued by DOS and/or DHS governing the revocations of nonimmigrant visas, issued from January 20, 2025 to date.
    2. Any guidance issued by DOS and/or DHS governing how nonimmigrants are to be notified of visa revocations, issued from January 20, 2025 to date.
    3. Any guidance issued by DOS and/or DHS governing the terminations of SEVIS records, issued from January 20, 2025 to April 25, 2025.
    4. Any guidance issued by DOS and/or DHS governing how student visa holders are to be notified of SEVIS terminations, issued from January 20, 2025 to April 25, 2025.
    5. Any guidance issued by DOS, DHS, and/or the Department of Justice governing the initiation of removal proceedings or immigration enforcement against student visa holders and other nonimmigrants, issued from January 20, 2025 to date.
    6. Any guidance issued by DOS and/or DHS regarding the use of artificial intelligence to search national databases, criminal records, and social media to identify nonimmigrants for visa revocation or to otherwise end status, issued from January 20, 2025 to date.
    7. The total number of student visas (F-1, M-1, or J-1 visas) that have been revoked since January 20, 2025 to date, disaggregated by:
    a. Student’s country of origin;
    b. Consulate or embassy that issued the visa;
    c. Visa category/Optional Practical Training (OPT);
    d. Date of revocation;
    e. University of study;
    f. Type of degree or field of study;
    g. Notice provided;
    h. Legal basis for revocation;
    i. Any grace period to allow students to make travel or other arrangements; and
    j. Whether the student’s SEVIS record was also terminated.
    8. The total number of SEVIS record terminations that have been issued since January 20, 2025 to April 25, 2025, disaggregated by—
    a. Student’s country of origin;
    b. Visa category/Optional Practical Training (OPT);
    c. Date of revocation;
    d. University of study;
    e. Type of degree or field of study;
    f. Whether the termination was initiated by the university or by DHS;
    g. Basis for termination;
    h. Notice provided;
    i. Any grace period to allow students to make travel or other arrangements; and
    j. Whether the student’s visa was revoked.
    9. The number of student visa holders on F-1, M-1, J-1 nonimmigrant status issued Form I862, Notice to Appear, initiating removal proceedings.
    Thank you for your prompt attention to this critical matter.
    Sincerely,

    MIL OSI USA News –

    April 30, 2025

  • MIL-OSI United Kingdom: The UK is committed to doing all we can to protect information integrity with a human rights-based approach: UK statement at the UN

    Source: United Kingdom – Executive Government & Departments

    Speech

    The UK is committed to doing all we can to protect information integrity with a human rights-based approach: UK statement at the UN

    Statement by UK Spokesperson to the UN Letisha Lunin at the UN Committee on Information General Debate.

    Thank you Chair, let me begin by congratulating you and the members of the Bureau on your election.

    I would also like to thank the Secretariat and Under-Secretary-General Fleming and the Department of Global Communications for its work, including on the UN’s Global Principles for Information Integrity, which we are proud to support.

    The UN’s footage and testimony from war zones shines a light on humanitarian crises. Its news and campaign services raise awareness of the Sustainable Development Goals, and equip us with accurate information on the climate and nature crisis. 

    As we mark the UN’s 80th anniversary, the Department’s work has never been more important.

    It is vital audiences understand the nature and magnitude of the current global challenges we face, and how the UN has made a difference, maintaining international peace and security, in accordance with the UN charter.

    Chair, I will make three points:

    First, the UK is extremely concerned at the rapidly growing threats to information integrity, fueled by artificial intelligence.

    Mis and disinformation operations are being used to exacerbate tensions and conflicts, and compromise the integrity of elections, undermining trust in democratic institutions. 

    The recent World Economic Forum Global Risks Report for 2025 lists mis and disinformation as the most severe global risks over the next two years.

    Mis and disinformation is being weaponised by state and non-state actors to deceive populations at scale.  

    Since Russia’s illegal invasion of Ukraine, Russia has been using disinformation to undermine global support for Ukraine. The UK has been proactive in identifying and acting against these malign information operations. This includes exposing and sanctioning the Russian state-funded Social Design Agency, whose sole purpose is to weaken international support for Ukraine by spreading false social media content.

    Recently, the UK shared information that Proxies, directed by the Russian state, have plans to interfere with elections in the Central African Republic, including through suppressing political voices and conducting disinformation campaigns to interfere in political debate. 

    Russia has also been exploiting the Security Council as a platform for disinformation. Russia has invited dozens of individuals as briefers to spread conspiracy theories about what has happened in Ukraine.

    Member States all have a responsibility to protect the integrity of the UN as a trusted source of information.

    The UK condemns disinformation about UN Peacekeeping operations. The spread of false allegations not only erodes trust between the Blue Helmets and the communities they serve, it is also damaging their ability to implement their mandate, and it is putting peacekeepers’ lives at risk.  

    We are proud to support the UN’s Mis and Disinformation in Peacekeeping Settings Project.

    Second, independent journalism reported freely, without fear, is essential in a democratic society.

    But in many parts of the world, the freedom of the media is under threat. 

    The Committee to Protect Journalists (CPJ) reports that more journalists were killed in 2024 than in any other year since it began collecting data over three decades ago.  

    The conflict in Gaza has become the deadliest ever recorded for media and journalist workers. 

    In Sudan, reporters are also taking significant risks to document the horrors of war.

    Journalists should be able to carry out their work safely and free from censorship and harassment. 

    The UK is proud to have co-founded the Media Freedom Coalition, with 51 countries as members, advocating for the safety of journalists. 

    And we also thank the Department of Global Communications for its work supporting journalists.

    This brings me to my third point, Chair. The UK is committed to doing all we can to protect information integrity with a human rights-based approach.  

    That is why we are proud to support the Global Digital Compact.

    The UK’s Online Safety Act ensures platforms tackle harmful content by requiring companies to take steps to remove illegal content, including illegal mis and disinformation.

    Finally, the UK supports multilingualism. 

    And while a third of the world’s population remains offline, the UK supports collective efforts to close the digital divide and ensure those who come online have access to accurate and reliable information.

    Thank you.

    Updates to this page

    Published 29 April 2025

    MIL OSI United Kingdom –

    April 30, 2025

  • MIL-OSI USA: Chairman Aguilar: America is less safe and more expensive than it was 100 days ago

    Source: US House of Representatives – Democratic Caucus

    The following text contains opinion that is not, or not necessarily, that of MIL-OSI – April 29, 2025

    WASHINGTON, D.C. — Today, House Democratic Caucus Chair Pete Aguilar and Vice Chair Ted Lieu were joined by Representatives John Mannion and April McClain Delaney for a press conference on the disastrous first 100 days of the Trump Administration that has made America less safe and more expensive. 

    CHAIRMAN AGUILAR: Good morning. So thankful to be joined by two members in addition to our Vice Chair. Appreciate John Mannion and April McClain Delaney joining us.

    America is less safe and more expensive than it was 100 days ago. Trump’s reckless tariffs are going to make the high price of groceries, gas, housing, utilities, clothing, electronics and other essential goods even worse. Companies are laying off hard-working Americans, and we are staring down an impending supply chain crisis in a few weeks. Our national security is threatened by amateur individuals sharing classified war plans in group chats. Our communities are threatened because Trump released hundreds of criminals back onto the street. Our freedoms are threatened because the Trump Administration abandons the rule of law and due process by deporting an innocent man and even American children.

    By every metric, Donald Trump has failed. But instead of trying to put out the fire that he’s caused, he’s pouring gasoline on by cutting $880 billion from Medicaid, that will make healthcare more expensive and less affordable. He wants to take food off of the tables of American families, children and veterans. And he’s doing this all for one simple purpose: to put into place massive tax breaks for his billionaire donor friends. The Speaker went to the White House yesterday to get his marching orders, but if House Republicans want to avoid tying themselves to this sinking ship, they need to vote against the Republican Budget Bill. You’ll see House Democrats fighting back every step of the way this week and next week as Republicans try to pass through a dangerous and extreme budget.

    It’s my privilege to introduce Vice Chair of the Democratic Caucus, Ted Lieu. 

    VICE CHAIR LIEU: Thank you, Chairman Aguilar, and honored to be here with Representatives Mannion and Delaney. Donald Trump’s first 100 days and one of the worst first 100 days of any U.S. President in history. That’s because his policies are harming America, and the American people have noticed. Multiple polls show Trump’s approval ratings plummeting. An Associated Press poll showed him at only 39% approval, 59% disapproval. And a recent Washington Post poll also shows him at only 39% approval, the lowest of any U.S. President in 80 years. One reason is because of tariffs. His indiscriminate tariffs have increased prices. I urge all of you to look at a statement from the International Longshore and Warehouse Union. They put out a statement saying that the tariffs are crushing the working class with higher prices. And what’s even worse is we don’t even understand the rationale for these tariffs, because the White House has put out two completely different rationales. One of them is, we’re imposing these indiscriminate tariffs to try to strike deals, to go to a zero-tariff situation with other countries and have more free trade, reduce trade barriers. And then you have Donald Trump saying over the weekend, I’m doing these tariffs to create an external revenue service, to use this as a permanent revenue source to take the money that consumers are paying and inject that into the federal government. Those are completely opposite rationales and the White House can’t even figure out why it’s doing these tariffs.

    And then let me just conclude now about Secretary of Defense Pete Hegseth. I note that he has recently spent taxpayer funds for a makeup studio. I hope it’s going well and makes him look better on TV. But in terms of his policies, they are completely awful. Especially his operational ability to handle sensitive information. You may have seen recent reporting showing that his phone number has now been all over the internet, and if hackers have your phone number, there are a number of ways to surveil your phone. I asked reporters to look into whether he used his personal phone overseas. There is a hack called the SS7 Attack, stands for Signaling System No. 7. I was part of an investigation a few years ago. It doesn’t matter how great your phone is, it’s because of the telecommunications providers you use, there’s a flaw in there that they can surveil your phone, and they can do that in the U.S., it’s even worse overseas. So, you all should check out whether Secretary Hegseth compromised his phone if you use it overseas. With that, it is my honor now to invite Representative Mannion to come speak to you. Before being in Congress, he was a public school teacher and a State Senator from the great state of New York.

    REP. MANNION: Thank you, Vice Chair. Good morning, everybody. I’m John Manion from Syracuse, New York. I’m a member of the Agriculture and Education and Workforce committees, and I represent NY-22, central New York, in the Mohawk Valley. We’re at 100 days into this second Trump Administration, and what we’ve seen is chaos, confusion, confrontation and fear. We’re witnessing an extraordinary assault on our Constitution, on our norms and our values, on our democracy, unlike what we’ve ever seen before, as we’re watching in real time, the dismantling of governmental guardrails.

    One place where the damage is particularly clear is as it relates to our trade policy. Tariffs should be used with precision and purpose, but not as blunt political instruments. I believe now is the time for Congress to reassert the constitutional authority it continues to cede to the executive branch, and tariff policy is a good place for that to start. NY-22 has a long history of manufacturing, of innovation. We have a vibrant agricultural sector and world-class research institutions. We’re home to the largest private investment in the history of this country, with Micron’s historic $100 billion project to onshore semiconductor chip manufacturing in my district in Clay, New York. It’s a transformative project that will create thousands of jobs and solidify our region’s role in the global economy and the global tech economy. 

    But just as importantly, it is about making sure that our national security and the resources that we use to preserve our national security is happening right here in our country. My district is a down-the-middle district. We have representatives at the state legislature and the counties that are both Republicans and Democrats. CHIPS and Science was a piece of legislation that required all levels of government, from both parties, and stakeholders and experts in the field, to negotiate it, get it right, so that we can make sure that we put our national security at a premium and the emerging threats as it relates to supply chains, we had to address that. We did address it. It was done in the last Congress, and as a result, that project is moving forward. 

    When it comes to tariffs, you know, I looked at maps with arrows that show the negative impact, and no arrow is bigger than the state of New York. I live less than 100 miles from the Canadian border. My mother grew up in a town called Chateaugay, New York, which is five miles from the Canadian border. But you don’t have to be five miles from the border to see the impact that already exists. Tariffs are necessary tools that can be used for national security, for protecting hardworking Americans and their jobs and to grow that, but the current Administration’s approach lacks strategy and nuance, fails to recognize beneficial relationships between our friends, our allies and our business partners, like Canada.

    In Central New York and the Mohawk Valley, we rely heavily on trade with Canada for both imports and exports. Sometimes a product’s production crosses the border multiple times, sometimes within the same company, and still, tariffs would be imposed on those pre-manufactured products. Materials come from Canada, and our products go to Canada. We have multiple industries that are being impacted in agriculture, lumber, metal production, as I mentioned, our building materials for an important plant that is coming into my district. There are double and triple tariffs that are hurting the bottom line. They’re hurting jobs. Contracts are being canceled. Contracts are not moving forward in the negotiation process. Costs are being driven up. It makes absolutely zero sense. So, we have to get this right. The relationship between my district and Canada is so intricate, and it goes beyond just commerce. Canadians are our friends. They are often our family members. As I said, they’re our business partners. And what newly elected Canadian Prime Minister Carney made remarks last night, and he called this “the American betrayal”. To hear stories of Canadians taking American products and turning them over so as to easily identify that product as American-made is unbelievable. Something that I would not imagine in our lifetime, and it is an unnecessary act because of the unnecessary acts that have come out of this Administration. The Prime Minister pledged to find new relationships and new agreements with reliable trade partners outside of the United States of America. And I do agree that describing this situation as a tragedy is accurate. 

    My conversations with New York farmers, including dairy producers, owners of apple orchards, maple syrup producers and other industries like lumber, the interconnectedness between New York State’s economy and Canada is vital to our collective success. Items like fertilizer, potash, these come from Canada. 90% of our potassium, not just in Central New York, but all across this country, comes from Canada. So, we must use precision when it comes to our trade policy. Tariffs are basically a tax on American consumers and businesses, continues to drive up costs for essential items like groceries, fuel, agricultural supplies. Where I’m from, in Central New York, we want policies that reflect the realities of our interconnected economy with our friend and ally, Canada. 

    America, the people of NY-22, our farmers—we all need policies that make sense, not a whipsaw on again, off again, tariff game that this current Administration is playing. It’s reckless. The impact will be massive. There will be waves of negative impact on multiple sectors of our economy, and that means it’s going to hurt hardworking Americans. It’s going to hurt small businesses. We must restore our standing as a reliable trade partner, not just with Canada, but with our other allies and trade partners around the world. 

    Simply, we are hurting consumers. We’re hurting Americans. We’re hurting businesses because of a lack of a cohesive strategy. We need to be more thoughtful. We need to be more targeted. We need to strengthen our economy without placing undue burdens on hardworking Americans. So, I ask that we have sanity to our trade policy, and that we restore our country’s standing around the world, not just as a reliable trade partner, but as the beacon of democracy around the world. Thank you. I appreciate the opportunity to speak, and with that, I will pass along the microphone to my colleague, Representative April McClain Delaney.

    REP. MCCLAIN DELANEY: Good morning. I represent the Sixth District of Maryland, and when elected, I made a commitment to my constituents to seek common-sense, common-ground solutions. Sadly, the past 100 days, I’ve desperately been trying to find either common sense or common ground, and in fact, the chaos that has ensued has hurt everyone within my district. My district is as economically diverse as any district in the country. It starts not far from here in Montgomery County, where NIH researchers are curing cancer and NIST employees are establishing parameters for AI innovation. And it goes all the way to beautiful Mountain and Western Maryland, where family farms are providing their bounty to our community, and it borders West Virginia and Pennsylvania. 

    In my district, no one has escaped the harmful impact of Trump tariffs and isolation policy or his indiscriminate cuts to federal workers. I represent over 35,000 federal workers at agencies such as NIH, the National Institute of Cancer, NIST, our Fire Academy and Fort Detrick. Farmers are very concerned about selling their crops because of tariff impacts, but also because of markets drying up, markets they normally sold into, like through USAID or through SNAP programs. And cancer and innovation researchers and the surrounding biotech and tech private markets have been dealt a devastating blow from government cuts to both agencies and research and innovation engines. Small businesses and consultants are cratering because of lack of business, and this, in turn, is hurting every day, smaller businesses, markets, salons, sole proprietorships, who depend on spending in their community. And this includes tourism and business linked to our seven national parks in this district. We are home to the C&O Canal, which gets as many visitors per year as Yellowstone. 

    With respect to specific examples, last week, I toured the Volvo factory in Hagerstown, Maryland, where they make Mack Trucks. I was privileged to even get to drive one. They produce the engines and the axles for these vehicles and are pioneering some EV technology. But in the short term, they told me they have 1,700 workers. But instead of reshoring and bringing innovation and investment into the United States, Volvo is projected to cut 50 to 100 workers due to tariffs and economic insecurity. They do not know how the market will react, and more cuts might come later. Moreover, I have met with each of my five County Farm Bureaus, Montgomery County, Frederick, Allegheny, Washington County, Garrett, and they’re all concerned about crop market prices, SNAP and reimbursement for investments they made into their farms which have not been reimbursed by government programs for which they were promised. It is a tsunami hitting them from every angle and toppled with that, are threatened cuts to Medicaid, Medicare and Social Security. And, of course, rural health clinics are really at risk in my district because of their dependence on Medicaid.

    These self-inflicted, nonsensical, penny-foolish and pound-foolish policies are impacting our economic security, our U.S. competitiveness and our national security. Much more to say innovation and our trust internationally in the U.S. and the U.S. economy and our U.S. dollar. Having said the above, I stand ready to work on common-sense, common-ground solutions and across the aisle to make a reality the things we all care about, including focusing on inflation, innovation, affordability and fortifying our U.S. resilience, our U.S. competitiveness and our national security. 

    Video of the full press conference and Q&A can be viewed here.

    ###

    MIL OSI USA News –

    April 30, 2025

  • MIL-OSI USA: SPC Severe Thunderstorm Watch 189

    Source: US National Oceanic and Atmospheric Administration

    Note:  The expiration time in the watch graphic is amended if the watch is replaced, cancelled or extended.Note: Click for Watch Status Reports.
    SEL9

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Severe Thunderstorm Watch Number 189
    NWS Storm Prediction Center Norman OK
    130 PM CDT Tue Apr 29 2025

    The NWS Storm Prediction Center has issued a

    * Severe Thunderstorm Watch for portions of
    Southeast Illinois
    Southern Indiana
    Northwest Kentucky

    * Effective this Tuesday afternoon and evening from 130 PM until
    800 PM CDT.

    * Primary threats include…
    Scattered damaging winds likely with isolated significant gusts
    to 75 mph possible
    Scattered large hail events to 1.5 inches in diameter possible
    A tornado or two possible

    SUMMARY…A cluster of thunderstorms over southeast Missouri will
    track eastward through the afternoon, posing a risk of damaging wind
    gusts and some hail.

    The severe thunderstorm watch area is approximately along and 55
    statute miles north and south of a line from 5 miles north of
    Carbondale IL to 35 miles north northeast of Louisville KY. For a
    complete depiction of the watch see the associated watch outline
    update (WOUS64 KWNS WOU9).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Severe Thunderstorm Watch means conditions are
    favorable for severe thunderstorms in and close to the watch area.
    Persons in these areas should be on the lookout for threatening
    weather conditions and listen for later statements and possible
    warnings. Severe thunderstorms can and occasionally do produce
    tornadoes.

    &&

    OTHER WATCH INFORMATION…CONTINUE…WW 187…WW 188…

    AVIATION…A few severe thunderstorms with hail surface and aloft to
    1.5 inches. Extreme turbulence and surface wind gusts to 65 knots. A
    few cumulonimbi with maximum tops to 500. Mean storm motion vector
    25035.

    …Hart

    SEL9

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Severe Thunderstorm Watch Number 189
    NWS Storm Prediction Center Norman OK
    130 PM CDT Tue Apr 29 2025

    The NWS Storm Prediction Center has issued a

    * Severe Thunderstorm Watch for portions of
    Southeast Illinois
    Southern Indiana
    Northwest Kentucky

    * Effective this Tuesday afternoon and evening from 130 PM until
    800 PM CDT.

    * Primary threats include…
    Scattered damaging winds likely with isolated significant gusts
    to 75 mph possible
    Scattered large hail events to 1.5 inches in diameter possible
    A tornado or two possible

    SUMMARY…A cluster of thunderstorms over southeast Missouri will
    track eastward through the afternoon, posing a risk of damaging wind
    gusts and some hail.

    The severe thunderstorm watch area is approximately along and 55
    statute miles north and south of a line from 5 miles north of
    Carbondale IL to 35 miles north northeast of Louisville KY. For a
    complete depiction of the watch see the associated watch outline
    update (WOUS64 KWNS WOU9).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

    REMEMBER…A Severe Thunderstorm Watch means conditions are
    favorable for severe thunderstorms in and close to the watch area.
    Persons in these areas should be on the lookout for threatening
    weather conditions and listen for later statements and possible
    warnings. Severe thunderstorms can and occasionally do produce
    tornadoes.

    &&

    OTHER WATCH INFORMATION…CONTINUE…WW 187…WW 188…

    AVIATION…A few severe thunderstorms with hail surface and aloft to
    1.5 inches. Extreme turbulence and surface wind gusts to 65 knots. A
    few cumulonimbi with maximum tops to 500. Mean storm motion vector
    25035.

    …Hart

    Note: The Aviation Watch (SAW) product is an approximation to the watch area. The actual watch is depicted by the shaded areas.
    SAW9
    WW 189 SEVERE TSTM IL IN KY 291830Z – 300100Z
    AXIS..55 STATUTE MILES NORTH AND SOUTH OF LINE..
    5N MDH/CARBONDALE IL/ – 35NNE SDF/LOUISVILLE KY/
    ..AVIATION COORDS.. 50NM N/S /48ENE FAM – 33N IIU/
    HAIL SURFACE AND ALOFT..1.5 INCHES. WIND GUSTS..65 KNOTS.
    MAX TOPS TO 500. MEAN STORM MOTION VECTOR 25035.

    LAT…LON 38658925 39438548 37848548 37068925

    THIS IS AN APPROXIMATION TO THE WATCH AREA. FOR A
    COMPLETE DEPICTION OF THE WATCH SEE WOUS64 KWNS
    FOR WOU9.

    Watch 189 Status Report Message has not been issued yet.

    Note:  Click for Complete Product Text.Tornadoes

    Probability of 2 or more tornadoes

    Low (20%)

    Probability of 1 or more strong (EF2-EF5) tornadoes

    Low (5%)

    Wind

    Probability of 10 or more severe wind events

    High (70%)

    Probability of 1 or more wind events > 65 knots

    Mod (30%)

    Hail

    Probability of 10 or more severe hail events

    Mod (40%)

    Probability of 1 or more hailstones > 2 inches

    Low (20%)

    Combined Severe Hail/Wind

    Probability of 6 or more combined severe hail/wind events

    High (90%)

    For each watch, probabilities for particular events inside the watch (listed above in each table) are determined by the issuing forecaster. The “Low” category contains probability values ranging from less than 2% to 20% (EF2-EF5 tornadoes), less than 5% to 20% (all other probabilities), “Moderate” from 30% to 60%, and “High” from 70% to greater than 95%. High values are bolded and lighter in color to provide awareness of an increased threat for a particular event.

    MIL OSI USA News –

    April 30, 2025

  • MIL-OSI: iBio Raises $6.2 Million Through Warrant Inducement Transaction

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, April 29, 2025 (GLOBE NEWSWIRE) — iBio, Inc. (Nasdaq: IBIO) (“iBio” or the “Company”), an AI-driven innovator of precision antibody therapies, announces today announced that it has entered into an agreement with institutional investors that are existing holders of warrants to purchase shares of common stock of the Company for cash (the “Existing Warrants”), wherein the investors agreed to exercise the Existing Warrants to purchase 5,626,685 shares of common stock at a reduced exercise price of $1.11 per share, resulting in gross proceeds of approximately $6.2 million, before deducting advisory fees and certain other expenses. The Company intends to use the net proceeds for working capital and other general corporate purposes.

    In consideration for the exercise of the Existing Warrants for cash, the investors received new warrants (the “New Warrants”) to purchase up to an aggregate of 11,253,370 shares of common stock. The New Warrants are exercisable at $0.86 per common share, and expire five years from the issuance date. The closing of the warrant inducement transaction is expected to occur on or about April 30, 2025, subject to satisfaction of customary closing conditions.

    Chardan acted as the exclusive financial advisor in connection with the transaction.

    The securities in this private placement have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws, and may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements. iBio granted registration rights to the purchasers of the New Warrants, and has agreed to file a registration statement with the Securities and Exchange Commission registering the shares of common stock issuable upon exercise of the New Warrants.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About iBio, Inc.

    iBio (Nasdaq: IBIO) is a cutting-edge biotech company leveraging AI and advanced computational biology to develop next-generation biopharmaceuticals for cardiometabolic diseases, obesity, cancer and other hard-to-treat diseases. By combining proprietary 3D modeling with innovative drug discovery platforms, iBio is creating a pipeline of breakthrough antibody treatments to address significant unmet medical needs. Our mission is to transform drug discovery, accelerate development timelines, and unlock new possibilities in precision medicine. For more information, visit www.ibioinc.com or follow us on LinkedIn.

    Forward-Looking Statements

    Any statements contained in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements.” These statements include statements regarding the intended use of proceeds, the expected gross proceeds from the offering and the expected closing of the offering. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the uncertainties related to market conditions and the completion of the offering on the anticipated terms or at all, and the risk factors described in the Company’s Annual Report on Form 10-K for the year ended June 30, 2024, and the Company’s subsequent filings with the SEC, including subsequent periodic reports on Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Any forward-looking statements contained in this press release speak only as of the date hereof and, except as required by federal securities laws, iBio, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

    Corporate Contact:
    iBio, Inc.
    Investor Relations
    ir@ibioinc.com

    Media Contacts:
    Ignacio Guerrero-Ros, Ph.D., or David Schull
    Russo Partners, LLC
    Ignacio.guerrero-ros@russopartnersllc.com
    David.schull@russopartnersllc.com
    (858) 717-2310 or (646) 942-5604

    The MIL Network –

    April 30, 2025

  • MIL-OSI USA: Secretary Wright Highlights 100 Days of Unleashing American Energy Under President Trump

    Source: US Department of Energy

    WASHINGTON— U.S. Secretary of Energy Chris Wright today released the following statement marking President Trump’s 100th day in office:

    “Under President Trump’s leadership, the Department of Energy has restored American Energy Dominance and strengthened our position as the largest oil producer and LNG exporter in the world.

    “Following President Trump’s reversal of the reckless Biden LNG export ban, the Department of Energy has approved record levels of new U.S. LNG exports, adding as much incremental capacity in just 100 days as the world’s current second and third largest LNG exporting nations combined.

    “Today, Americans are paying less at the pump and have more choices for home appliances thanks to President Trump cutting red tape and unleashing the production of affordable, reliable, secure American energy.” 

    Under Secretary Wright, the Department of Energy has been hard at work to implement the President Trump’s agenda of unleashing American energy dominance and lowering energy costs for the American people.

    DOE at 100 Days: Top Accomplishments

    • January 21 – President Trump officially reverses the Biden-era pause on LNG exports, restoring regular order and reaffirming U.S. global energy leadership. 
    • February 3 – Secretary Chris Wright is officially sworn in as Secretary of Energy, pledging to cut red tape, prioritize common-sense solutions, and unleash American ingenuity. 
    • February 5 – Secretary Wright delivers welcome remarks to DOE staff at the Forrestal Building, outlining his vision for restoring American energy dominance. 
    • February 5 – Secretary Wright signs his first Secretarial Order, directing DOE to implement President Trump’s energy-focused executive orders immediately. 
    • February 5 – Secretary Wright announces the “9 Pillars for American Energy Dominance,” establishing DOE’s strategic roadmap: 
      • Advance Energy Addition, Not Subtraction – Focused on expanding energy supply, not restricting it. 
      • Unleash American Energy Innovation – Empowering the National Labs, advanced nuclear, and cutting-edge energy R&D. 
      • Return to Regular Order on LNG Exports – Restoring certainty and accelerating LNG approvals. 
      • Promote Affordability and Consumer Choice in Home Appliances – Halting burdensome appliance regulations to protect consumer freedom. 
      • Refill the Strategic Petroleum Reserve (SPR) – Prioritizing domestic energy security through reserve replenishment. 
      • Modernize America’s Nuclear Stockpile – Supporting national security through safe, modern nuclear capabilities. 
      • Unleash Commercial Nuclear Power in the United States – Reviving and advancing nuclear energy projects. 
      • Strengthen Grid Reliability and Security – Ensuring the U.S. grid is resilient, dependable, and cyber secure. 
      • Streamline Permitting and Identify Undue Burdens on American Energy – Reducing delays for energy infrastructure and innovation. 
    • February 12 – Secretary Wright meets His Royal Highness Crown Prince Al Hussein bin Abdullah II of the Hashemite Kingdom of Jordan, discussing cooperation to foster economic growth through energy abundance. 
    • February 14 – Secretary Wright issues the first LNG export approval for Commonwealth LNG, sending a signal that the U.S. is once again open for business and restoring American leadership on LNG exports. 
    • February 14 – President Trump establishes the National Energy Dominance Council, chaired by Secretary of the Interior Doug Burgum and vice-chaired by Secretary Wright. 
    • February 18– DOE completed demolition of the south side of the Alpha-2 building at the Y-12 National Security Complex, marking the largest demolition project at Y-12 and supporting modernization for national security missions. 
    • February 19 – Secretary Wright and DOE representatives met with Alaska Governor Mike Dunleavy to discuss advancing the ambitious Alaska Gas Pipeline and Alaska LNG Project.
    • February 25 – Secretary Wright visits Sandia and Los Alamos National Laboratories to advance nuclear modernization and AI innovation, calling AI the “next Manhattan Project.” 
    • February 28 – DOE removes regulatory barriers for the use of LNG as a marine fuel, strengthening America’s energy competitiveness in shipping. 
    • February 28 – Secretary Wright visits Oak Ridge National Laboratory to observe modernization efforts supporting national security and advanced nuclear energy. During the visit, Secretary Wright participates in the “1,000 Scientist AI Jam Session” with Senator Hagerty, Chairman Fleischmann, and Greg Brockman, OpenAI President and Co-Founder to accelerate scientific discovery through AI. 
    • March 4 – DOE commissions the Safety Significant Confinement Ventilation System (SSCVS) at the Waste Isolation Pilot Plant (WIPP), improving safety and efficiency underground. 
    • March 5 – Secretary Wright approves an LNG export permit extension for Golden Pass LNG Terminal, reinforcing U.S. energy supply security. 
    • March 6 – Secretaries Wright and Burgum deliver remarks at Venture Global’s Plaquemines LNG Export Facility, marking an $18 billion expansion project supporting LNG exports to Asia and Europe made possible by President Trump’s leadership. 
    • March 7 – Secretary Wright delivers keynote address at the Powering Africa Summit, promoting U.S. energy investment and supply chain partnerships on the African continent. 
    • March 10 – DOE leads successful advocacy efforts to return the International Energy Agency (IEA) to the Current Policies Scenario (CPS), restoring focus on energy security. 
    • March 12 – DOE supports the first U.S.-Japan fast reactor fuel safety test of the 21st century at the TREAT reactor at Idaho National Laboratory. 
    • March 14 – Secretary Wright powers up American energy leadership at CERAWeek 2025 in Houston, Texas, delivering a keynote address on restoring U.S. energy dominance and the return to commonsense, pro-consumer, pro-growth energy policies under President Trump’s leadership. 
    • March 17 – Oak Ridge National Laboratory researchers demonstrate a new method to track chemical changes in molten salt in real-time, advancing next-generation nuclear reactors. 
    • March 17 – DOE issues a second loan disbursement to Holtec International to reopen the Palisades Nuclear Plant restart project in Michigan, advancing President Trump’s commitment to expand all sources of energy that are affordable, reliable and secure. 
    • March 18 – DOE completes demolition of Building 175 at Lawrence Livermore National Laboratory, opening land for future science missions and innovation expansion. 
    • March 19 – Secretary Wright signs an LNG export authorization for Venture Global’s CP2 LNG project, supporting U.S. energy exports to allies abroad. With this action, DOE has approved more than DOE has approved over 9.5 Bcf/d of U.S. LNG.  
    • March 19 – DOE releases Biden administration’s buried 2023 study on the benefits of U.S. LNG exports, demonstrating the Trump administration’s commitment to restoring transparency and commonsense to energy policymaking. 
    • March 24 – DOE reissues a $900 million solicitation to accelerate the deployment of small modular reactors (SMRs) and strengthen America’s nuclear future. 
    • March 24 – DOE announces the postponement of efficiency standards for gas instantaneous water heaters, expanding consumer choice, lowering costs and protecting American manufacturing jobs. 
    • March 24 – DOE further delays the implementation of Biden-era home efficiency standards for walk-in coolers and freezers and central air conditioners and heat pumps, ensuring Americans can choose the appliances that fit best for their lifestyle and budget.  
    • March 24 – DOE withdraws four conservation standards, including standards on electric motors, ceiling fans, dehumidifiers, and external power supplies, advancing President Trump’s pledge to cut the red tape and regulations that raise prices, reduce consumer choice, and frustrate the American people.   
    • March 27 – DOE announces streamlined permitting reforms at the Department’s 17 National Labs, accelerating critical infrastructure projects and saving taxpayers millions. 
    • March 28 – DOE helps unlock U.S.-India civil nuclear investment and exports by resolving liability issues and promoting American SMR technologies in India. 
    • April 1 – DOE removes additional regulatory barriers standing in the way of LNG export extensions, restoring certainty for U.S. energy developers. 
    • April 3 – Secretary Wright visits the National Renewable Energy Laboratory (NREL) in Golden, Colorado, to highlight innovation in renewables and AI-driven energy solutions. 
    • April 3 – DOE announces a Request for Information to co-locate data centers and energy infrastructure on DOE lands, powering America’s AI revolution with abundant U.S. energy. 
    • April 3 – DOE awards a $1.4 billion Strategic Petroleum Reserve (SPR) management contract to Strategic Storage Partners to safeguard emergency fuel supplies. 
    • April 4 – DOE leads bilateral engagement with Vietnam on foreign direct investment screening, countering malign influence and strengthening economic security. 
    • April 8 – DOE reinstates the National Coal Council and initiates new actions to unleash American coal, including promoting investment and mineral recovery from coal ash following President Trump’s Executive Order “Reinvigorating America’s Beautiful Clean Coal Industry”. 
    • April 9 – DOE allocates high-assay low-enriched uranium (HALEU) material to five U.S. advanced nuclear reactor developers to boost domestic reactor deployment. 
    • April 9 – Secretary Wright travels to the United Arab Emirates, beginning a high-level mission to strengthen energy partnerships and attract Gulf investment to America. 
    • April 9 – DOE issues a Request for Information (RFI) seeking input to improve energy conservation standards and restore consumer choice in household products. 
    • April 10 – DOE begins testing accident-tolerant, higher-enriched nuclear fuel in a U.S. commercial reactor to boost reactor performance and longevity. 
    • April 11 – DOE announces a new policy saving $405 million annually by halting inefficient spending by colleges and universities receiving DOE research funds. 
    • April 15 – Secretary Wright holds bilateral talks on shared energy security goals with senior leaders in the U.A.E., Saudi Arabia and Qatar. The Secretary also delivers remarks in Riyadh, Saudi Arabia, following the announcement of an agreement between the U.S. and Saudi Arabia to sign a Memorandum of Understanding (MOU) advancing bilateral energy cooperation.  
    • April 18 – DOE repeals the Biden-era burdensome definition of “showerhead,” restoring consumer choice and rolling back overregulation. 
    • April 21 – DOE solicits public feedback to lift energy efficiency regulations on portable electric spas, protecting market competition and consumer access. 
    • April 22 – DOE issues a third loan disbursement to Holtec International for the Palisades Nuclear Plant, restoring nuclear generation to the Midwest grid. 
    • April 22 – DOE conducts four site inspections ensuring companies comply with national security terms under CFIUS mitigation agreements. 
    • April 22 – DOE extends deadline for compliance with the Biden administration’s efficiency standards for manufactured housing, granting greater flexibility for both manufacturers and consumers. 
    • April 28 – Secretary Wright oversees the signing of the Engineering Development Agreement between U.S. companies Bechtel and Westinghouse with PEJ to advance Poland’s first AP-1000 nuclear power plant. 
    • April 28 – Secretary Wright meets with senior leaders from across Central Europe and delivers keynote remarks at the Three Seas Business Forum in Poland, where he invites European nations to invest in American energy and embrace a shared vision for greater energy security.   
    • April 28 – DOE announces the cancellation of wasteful and unnecessary contracts, generating over $700 million in immediate savings for American taxpayers. 

    MIL OSI USA News –

    April 30, 2025

  • MIL-OSI: Radix to showcase AI driven Digital transformation for the Pulp and Paper Industry at TAPPICON 2025

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, April 29, 2025 (GLOBE NEWSWIRE) — Radix, a technology services company delivering innovative industrial solutions to asset-intensive industries, will attend the TAPPICON 2025 Conference at the Minneapolis Convention Center, from May 4 to May 7, 2025.

    For the past three years, Radix has actively participated at TAPPICON, supporting the growth and development of the Pulp and Paper industry. This year, the Radix team will step up to share insights that enable collaboration, education and elevate innovation and action.

    André Furtado, Digital Transformation Expert at Radix who will present a couple of success stories commented: “We’re excited to connect and collaborate with the industry leaders and experts sharing our insights into process improvement and optimization that boost productivity and reduce cost. In essence, insights that Radix can help elevate operational excellence at scale through data-driven, measurable solutions that have the buy-in of both the stakeholders and day to day users.”

    “The Radix team will share how digital transformation and data analytics are driving measurable improvements in ways that were previously unattainable. Unlocking these insights could elevate operational excellence and enhance workplace safety for asset-intensive industries like pulp, paper and tissue,” Robert Bustin, Pulp & Paper Industry Specialist at Radix added.

    Andre and Robert will share insightful presentations that can inspire and elevate the dialogue:

    1. “Change Management in Digital Transformation: Key Strategies for Successful Implementation” – André Furtado
    2. “Leveraging GenAI for Enhanced Plant Performance: An OEE Case Study”​ – André Furtado
    3. “The Path to Optimized Asset Performance Management: A Comprehensive Framework”​ – André Furtado
    4. “Enhancing Workplace Safety with Computer Vision: Real-Time Monitoring and PPE Compliance”​ – Robert Bustin
    5. “How Can the Management of Critical Assets in the Pulp and Paper Industry Be Transformed Through Predictive Maintenance and Proactive Anomaly Detection Using PIMS to Enhance Planning and Ensure OEE? “​ – André Furtado

    The Radix’s team including Simon Sierra, Business Development Manager for Manufacturing looks forward to engaging and build strong relationships by welcoming you to the presentations or the Radix Booth #324. For more information, visit RADIX | TAPPICON 2025.

    About Radix
    Founded in 2010, Radix is a privately held technology solutions company providing consulting, engineering, operations technology, and data and software technology solutions globally. Radix combines key capabilities and practices to empower customers to thrive along their digital transformation journey. Radix provides technology-based, data-driven solutions to industrial and non-industrial companies worldwide. Radix has experience leading projects in more than 30 countries. It has more than 1,800+ employees around the globe, with North American headquarters in Houston, Texas, main headquarters in Rio de Janeiro, additional offices in Sao Paulo and Belo Horizonte, and a presence in Singapore and Amsterdam. To learn more, visit www.radixeng.com

    For more information:
    Citalouise Geiggar, Ph.D.
    citalouise.geiggar@radixeng.com
    Radix

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/83b1e7ae-2f41-4d62-bf32-9829e7ca84fe

    The MIL Network –

    April 30, 2025
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