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Category: Machine Learning

  • MIL-OSI Asia-Pac: Clarification on Launch of Satellite-based Tolling System from 1st May 2025

    Source: Government of India

    Posted On: 18 APR 2025 1:02PM by PIB Delhi

    Some sections of the media have reported that a Satellite-based Tolling System will be launched from 1st May 2025 and will replace the existing FASTag-based toll collection system. This is to clarify that no such decision has been taken by the Ministry of Road Transport and Highways or National Highways Authority of India (NHAI) regarding the nationwide implementation of satellite-based tolling from 1st May 2025.

    In order to enable seamless, barrier-free movement of vehicles through toll plazas and reduce travel time ‘ANPR-FASTag-based Barrier-Less Tolling System’ will be implemented at selected toll plazas.

    The advanced tolling system will combine ‘Automatic Number Plate Recognition’ (ANPR) technology, that will identify vehicles by reading their number plates, and the existing ‘FASTag system’ that uses Radio-Frequency Identification (RFID) for toll deduction. Under this, vehicles will be charged based on their identification through high performance ANPR cameras and FASTag Readers, without needing to stop at the toll plazas. In case of non-compliance, E-Notices will be served to the violators, non-payment of which may result in suspension of FASTag and other VAHAN related penalties.  

    NHAI has invited bids for the implementation of ‘ANPR-FASTag-based Barrier-Less Tolling System’ that will be installed at selected toll plazas. Based on the performance, efficiency, and user response to this system, a decision will be made regarding its implementation across the country.

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    GDH/HR

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: India takes part in Africa’s largest tech and startup show GITEX Africa 2025

    Source: Government of India

    India takes part in Africa’s largest tech and startup show GITEX Africa 2025

    Knowledge transfer and technology sharing, key pillars of collective growth, says MoS Jayant Chaudhary

    Posted On: 18 APR 2025 10:35AM by PIB Delhi

    Africa’s largest tech and startup show, GITEX provides platform for policy leaders, changemakers and visionaries to collectively discuss and deliberate on the opportunities to collaborate and further the imperative of inclusive and equitable growth of the global economy. The three-day event just concluded at Morocco capital Marrakesh.

    Minister of State for Skill Development and Entrepreneurship (Independent Charge) and Minister of State for Education Shri Jayant Chaudhary represented Republic of India at the summit. He took part in high-level bilateral meetings, panel discussions and interacted with Indian startups showcasing their innovations.

    In the discussions, Shri Jayant Chaudhary stated, “India’s Digital Public Infrastructure (DPI) has driven transformative changes across areas, especially through developments of digital identity (Aadhaar), digital payments (UPI), e-commerce (ONDC), and healthcare. And we are increasingly integrating advanced technologies – AI, cybersecurity, fintech, and digital infrastructure – into our skilling ecosystem. Skill India Digital Hub (SIDH), a digital public infrastructure for the skilling ecosystem has onboarded more than one crore users in over one and a half years. These are areas, rich with potential, for collaboration with our African partners and we can collectively grow our economies through sustained partnerships.”

    “India, where the pace of digitalization is higher relative to some other developing economies, with established open-source Digital Public Infrastructure systems, has the potential to catalyze speed of digitalization in other developing countries seeking to develop such systems through collaboration and knowledge sharing,” Shri Jayant Chaudhary added. In addition, India is a key resource talent hub for AI professionals leading the way with 33.39% YoY growth in AI talent hiring as per AI Stanford Index 2025, which is a clear indicator of the efforts of the government and the industry to nurture an environment for adoption on AI.

    On the sidelines of the summit, the Minister held productive bilateral meetings with Ms Amal El Fallah Seghrouchni, Minister of Digital Transition and Administrative Reform; Prof Azzedine EL Midaoui, Minister of Higher Education, Scientific Research and Innovation; Mr Younes Sekkouri, Minister of Economic Inclusion, Small Business, Employment and Skills; and Mr Mohammed Saad Berrada, Minister of National Education, Preschool and Sports. In his discussions, Shri Jayant Chaudhary touched upon broadly on exploring synergies in AI, research and capacity; discussed insights on how Digital Public Infrastructure can be a catalyst for inclusion, innovation and equitable growth; and shared India’s experience in building scalable, inclusive technology for public good.

    India’s participation at GITEX Africa 2025 reaffirmed its role as a global leader in skilling and digital innovation. Through pathbreaking initiatives like Skill India, Digital India, and the creation of scalable Digital Public Infrastructure such as Aadhaar, UPI, DigiLocker, Skill India Digital Hub (SIDH) and DIKSHA, India has demonstrated how inclusive, technology-driven models can empower citizens at scale. These initiatives are increasingly being recognized as global best practices, offering adaptable frameworks for developing nations seeking to build resilient, future-ready societies.

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    MIL OSI Asia Pacific News –

  • MIL-OSI USA: SPC Severe Thunderstorm Watch 142

    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.
    SEL2

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Severe Thunderstorm Watch Number 142
    NWS Storm Prediction Center Norman OK
    555 AM CDT Fri Apr 18 2025

    The NWS Storm Prediction Center has issued a

    * Severe Thunderstorm Watch for portions of
    Southern Wisconsin
    Lake Michigan

    * Effective this Friday morning from 555 AM until 1100 AM CDT.

    * Primary threats include…
    Scattered large hail and isolated very large hail events to 2
    inches in diameter possible
    Scattered damaging wind gusts to 70 mph possible

    SUMMARY…Multiple supercells and bowing structures will spread
    quickly eastward this morning across southern Wisconsin. Scattered
    large hail around 1-2 inches in diameter and 60-70 mph wind gusts
    may occur with this activity.

    The severe thunderstorm watch area is approximately along and 30
    statute miles north and south of a line from 40 miles west of
    Madison WI to 30 miles east northeast of Racine WI. For a complete
    depiction of the watch see the associated watch outline update
    (WOUS64 KWNS WOU2).

    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.

    &&

    AVIATION…A few severe thunderstorms with hail surface and aloft to
    2 inches. Extreme turbulence and surface wind gusts to 60 knots. A
    few cumulonimbi with maximum tops to 500. Mean storm motion vector
    27050.

    …Gleason

    Note: The Aviation Watch (SAW) product is an approximation to the watch area. The actual watch is depicted by the shaded areas.
    SAW2
    WW 142 SEVERE TSTM WI LM 181055Z – 181600Z
    AXIS..30 STATUTE MILES NORTH AND SOUTH OF LINE..
    40W MSN/MADISON WI/ – 30ENE RAC/RACINE WI/
    ..AVIATION COORDS.. 25NM N/S /30SSW DLL – 46ESE BAE/
    HAIL SURFACE AND ALOFT..2 INCHES. WIND GUSTS..60 KNOTS.
    MAX TOPS TO 500. MEAN STORM MOTION VECTOR 27050.

    LAT…LON 43569012 43368726 42498726 42699012

    THIS IS AN APPROXIMATION TO THE WATCH AREA. FOR A
    COMPLETE DEPICTION OF THE WATCH SEE WOUS64 KWNS
    FOR WOU2.

    Watch 142 Status Report Message has not been issued yet.

    Note:  Click for Complete Product Text.Tornadoes

    Probability of 2 or more tornadoes

    Low ( 2 inches

    Mod (30%)

    Combined Severe Hail/Wind

    Probability of 6 or more combined severe hail/wind events

    High (70%)

    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 –

  • MIL-OSI Russia: “The World Is Becoming More Complex and Less Predictable”: What Scientists Say About the Future

    Translartion. Region: Russians Fedetion –

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

    The future is now more difficult for researchers to predict, and events that are less predictable are becoming increasingly important. But there is good news: scientists are convinced that humanity will adapt to any changes. This was discussed at the conference that was launched as part of XXV Yasinsky (April) International Scientific Conference International Symposium “Foresight in a rapidly changing world“.

    Rapid technological progress, alarming climate change, rapid digitalization, rising inflation and stagflation are causing major changes. “The world is becoming more complex and less predictable,” said a leading expert Foresight Center ISSEK HSE University Yulia Milshina. According to her, rapid changes cause nervousness and depression among the population. Some researchers associate their emergence with the development of digital technologies and a sense of insecurity.

    “The digital transformation of education and labor systems is not keeping up with the times, creating a mismatch between human capital and market demands,” says Yulia Milshina. Demographic statistics are also alarming. “The increase in the age of the population, in contrast to its size, in developed countries poses a threat to the pension and health care systems,” she adds.

    At the same time, there has been an exponential growth in the number of scientific publications devoted to the so-called wild cards (random factors) recently. These include poorly predictable events that may prove to be extremely important. An early warning system for such random events is important in order to formulate approaches to reducing the negative consequences of the implementation of wild cards, explained Yulia Milshina. If in 2022 there were more than 50 such events, then in 2025 there will be more than 300.

    The global financial crisis has served as a trigger for the research community to take low-probability, high-impact events more seriously, she stressed. Unpredictability makes traditional forecasting difficult. “Despite increased awareness, we remain vulnerable to unforeseen circumstances,” the expert notes. The new social world requires integrated strategies that can adapt to rapid developments. Therefore, more sophisticated tools are being developed “to anticipate, assimilate and adapt to such disruptive changes.”

    Senior Research Fellow Laboratories of Innovation Economy HSE ISSEK Alena Nefedova spoke about the system ifora — an intelligent platform for analyzing big data and megatrends, developed by the HSE Institute for Statistical Studies and Economics of Knowledge.

    Among the megatrends that will influence the future, Alena Nefedova named climate change, increased attention to the physical and psycho-emotional state of a person, the transformation of the education system, and global changes in the labor market. At the same time, the development of interdisciplinary research is becoming very important in science itself, she emphasized.

    “Universities began interdisciplinary research in the mid-20th century in collaboration with industry. By the 1970s, interdisciplinarity was recognized as vital to strengthening universities as key players in innovation ecosystems,” Alena Nefedova noted. Digitalization is also increasingly influencing scientific activity. “We have virtual forums, we have virtual labs, we have international projects, we have an open science project, and this helps to exchange scientific data and developments,” she added.

    Fabienne Goux-Bodiment from the Research Center for the Future (France) noted that the world has changed dramatically. “One of the catalysts for these changes is carbon. We see that large-scale use of carbon leads to global warming and climate change. Another catalyst is silicon. Thanks to silicon, we have generative artificial intelligence, and it can compete with humans,” she said. And finally, the third important trend that is currently observed, according to Fabienne Goux-Bodiment, is general chaos. In particular, it is noticeable in the economy and geopolitics. But change is “not some kind of anomaly, it is a natural process of human evolution and, in fact, life in general,” she reassured. Society is thus evolving, and technology accelerates this evolution. We can move, “make a quantum leap into a completely new state,” the researcher is sure. “One world essentially dies, and a new world appears, albeit not immediately,” says Fabienne Goux-Bodiment. But because we have resistance to change, this process slows down. However, we are still entering an era of acceleration.

    The world will not be as we know it now, but this transition does not mean the end of humanity, says the futurologist. “First, it is not the first time that humanity has gone through major changes. Second, the human race as a whole adapts quickly. In addition, this time we know what is happening. We are aware of it. This means that we can do something,” Fabienne Goux-Bodiment reassured.

    Now, according to the researcher, a new mentality is being formed. “More and more people recognize that the way we think, manage and produce goods no longer meets the requirements of the times. This is not just some unnoticeable change. The younger generation is not just asking themselves what they want to do, but thinking about what kind of world they would like to create together with their like-minded people. “Pessimism is not a solution. We must experiment, create new formats,” Fabienne Goux-Bodiment is sure.

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

    MIL OSI Russia News –

  • MIL-OSI USA: WRAIR-Africa protects force health at Justified Accord ‘25

    Source: United States Army

    From left to right: Col. Gerald Kellar, Maj. John Eads, and Maj. Luis Pow Sang collect waste water from sewers at the Counter Insurgency, Terrorism, and Stability Operations Center during Exercise Justified Accord. (Photo Credit: Courtesy ) VIEW ORIGINAL

    Back to

    U.S. Army Southern European Task Force, Africa (SETAF-AF)

    NAIROBI, Kenya – The Walter Reed Army Institute of Research – Africa conducted disease surveillance in support of Justified Accord 2025 from Feb. 10–21, in Kenya.

    Justified Accord is U.S. Africa Command’s largest exercise in East Africa. The 2025 iteration involved more than 1,500 participants from 20 countries, including Kenya, Tanzania, Uganda, Rwanda, Somalia, Morocco, Tunisia and the United Kingdom. The exercise is designed to strengthen multinational cooperation as well as regional security.

    WRAIR-Africa supported the exercise by identifying pathogens in the environment and coordinating with medical personnel to ensure appropriate protective measures. The team conducted daily vector surveillance, collecting mosquitos, sandflies and ticks for pathogen testing, as well as analyzing wastewater samples.

    Maj. Eads and his team identify larvae of the Anopheles mosquito, the vector for malaria parasites, near the Justified Accord cantonment area. (Photo Credit: Courtesy) VIEW ORIGINAL

    During the exercise, WRAIR-Africa identified nine major pathogen threats including the bacteria that causes Q fever, the bacteria that causes epidemic typhus, jingman tick virus, and norovirus. The findings were shared with Role 1 medical assets and health protection personnel to mitigate risks to participating service members.

    “By telling the force health protection (FHP) and health service support (HSS) personnel that the pathogen is in the environment, you can keep the soldiers safe,” said Maj. John Eads, Chief of Entomology at WRAIR-Africa. “Something like norovirus is a particular threat–that’s the pathogen that takes out cruise ships all the time because of how easily it spreads. Identifying it before it spreads is essential to getting preventative measure in place and keeping service members healthy.”

    Maj. Eads reviews tick specimens collected by the WRAIR-Africa Entomology team. (Photo Credit: Courtesy) VIEW ORIGINAL

    WRAIR-Africa’s role in the exercise was essential to protecting force health, but it also provides a second major benefit: an opportunity to learn.

    In addition to surveillance, WRAIR-Africa used the exercise as an opportunity to assess support needs for large-scale combat operations. This included evaluating the effectiveness of tools such as rapid diagnostic tests that don’t require cold-chain storage, which can be limited in austere environments.

    Maj. Luis Pow Sang, Military Chief of Microbiology, performs initial validation and testing of BioFire film array for use in real-time exercise support. (Photo Credit: Courtesy) VIEW ORIGINAL

    “Participation in Justified Accord embeds us with the warfighter so we can see where there are gaps,” said Eads. “During and after the exercise, we ask: what products are necessary in large-scale combat operations? It’s an opportunity to determine how WRAIR-Africa can further support force health protection and Health Service Support.”

    Following the exercise, WRAIR-Africa compiled a report to inform future surveillance operations and refine its support strategies for forward-deployed environments.

    About Justified Accord

    Justified Accord is U.S. Africa Command’s largest exercise in East Africa. Led by U.S. Army Southern European Task Force, Africa (SETAF-AF), and hosted in Kenya, Djibouti and Rwanda, this year’s exercise will incorporate personnel and units from 23 nations and five observer countries. This multinational exercise builds readiness for the U.S. joint force, prepares regional partners for UN and AU mandated missions, and increases multinational interoperability in support of humanitarian assistance, disaster response and crisis response.

    Justified Accord content can be found on the official Justified Accord DVIDS feature page.

    About SETAF-AF

    SETAF-AF provides U.S. Africa Command and U.S. Army Europe and Africa a dedicated headquarters to synchronize Army activities in Africa and scalable crisis-response options in Africa and Europe.

    Follow SETAF-AF on:

    Facebook, X, Instagram, YouTube, LinkedIn & DVIDS

    MIL OSI USA News –

  • MIL-OSI: JuicyChat.AI Redefines NSFW AI Anime Ecosystem, Closes Loop for Creators

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 18, 2025 (GLOBE NEWSWIRE) — JuicyChat.AI is redefining the landscape of NSFW AI-powered anime content with a groundbreaking ecosystem that prioritizes NSFW AI creators and their core needs. With a vision to build a closed-loop creation experience, the platform is launching a series of NSFW AI tools, programs, and community initiatives to support and empower NSFW AI creators worldwide.

    Official Creator Certification Now Live

    JuicyChat.AI has introduced a comprehensive certification system for official creators. This includes both algorithm-based grading and manual reviews to ensure credibility and quality. Certified NSFW AI creators receive unique identity badges and exclusive benefits that enhance their visibility and foster a strong sense of recognition within the community.

    Smarter NSFW Role Recommendations & Themed Events

    Powered by an advanced recommendation algorithm, JuicyChat.AI ensures that high-quality NSFW AI characters receive optimal exposure. Each month, the platform also hosts themed creation events that encourage participation and creativity across the NSFW AI bot community, making the process both engaging and rewarding.

    Personalized Creator Space: Juicy Lounge

    The new “Juicy Lounge” offers an immersive, personalized creator zone designed for self-expression. Featuring flexible components, vibrant visual themes, and social media integration, this space allows creators to showcase their identity, link external content, and build their brand freely within the JuicyChat.AI ecosystem.

    Professional Discord Community for Creators

    JuicyChat.AI maintains a thriving Discord community in collaboration with leading NSFW AI anime groups such as Burritoverse, which co-hosts regular themed events. Supported by experienced moderators and volunteer experts in NSFW AI LLMs, the community provides a space for creators to exchange ideas, receive feedback, and stay informed.

    Building a Complete Creation Ecosystem

    JuicyChat.AI is rapidly expanding its support for NSFW AI creators across character design, image generation, role-playing, and AI manga development. By continuously integrating advanced models tailored for NSFW content, the platform ensures that creative output is vibrant, expressive, and easier to produce.

    Through a creator-first product strategy, JuicyChat.AI streamlines workflows, enabling creators to bring their ideas to life with less friction. Its commercialization model connects creators with fans through built-in traffic, fan engagement, and monetization tools. This user-driven, open approach empowers creators to grow their audience and realize sustainable revenue, closing the loop between creation and community.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4fe6d49b-9354-43a1-af6b-6cdc69ce33e6

    The MIL Network –

  • MIL-OSI Russia: From Theory to Practice: SKB Kontur and NSU Will Open the Door to the World of IT Technologies for Students

    Translartion. Region: Russians Fedetion –

    Source: Novosibirsk State University – Novosibirsk State University –

    The Rector of Novosibirsk National Research State University Mikhail Fedoruk and the Operations Director of SKB Kontur Svetlana Strelnikova took part in the ceremonial signing of the cooperation agreement.

    The partnership between SKB Kontur and NSU is an opportunity to exchange experience, knowledge, hold conferences, presentations and other events in the IT sphere. The agreement also gives students the opportunity to immerse themselves in a real IT environment: practices, internships, mentoring from company specialists and participation in joint projects.

    Students of the Faculty of Mechanics and Mathematics and the Faculty of Information Technology are already taking the course C developed by Kontur

    Svetlana Strelnikova, Operations Director of SKB Kontur:

    — The agreement is a new stage of our cooperation. I am sure that it will become the basis for expanding our joint projects in the field of education and scientific and technical cooperation. SKB Kontur is always happy to welcome young specialists. We do not stand still, but grow and develop. This means that we are interested in participating in the training of talents, ready to share our knowledge and experience with them. Cooperation with NSU will allow us to cultivate highly qualified specialists, many of whom, I hope, will join our team in the future.

    Mikhail Fedoryuk, Rector of Novosibirsk National Research State University:

    — Novosibirsk University has traditionally been a “training ground” for the country’s scientific system, and close cooperation with the Siberian Branch of the Russian Academy of Sciences has helped us successfully cope with this task. In recent years, we have been actively developing new areas of training personnel for the manufacturing sector of the economy – specialists in information technology and artificial intelligence, robotics and space instrumentation, etc. In this work, we use a similar approach, developing cooperation with companies – leaders in various sectors of the economy, which improves the quality of training of our graduates and their demand in the market. The agreement with SKB Kontur is another important stage in the implementation of this strategy for us.

    Since 2008, SKB Kontur has been actively developing IT education: it pays grants and scholarships, conducts internships and organizes classes at the industrial development school. Together with the Ural Federal University named after the first President of Russia B.N. Yeltsin, it is modernizing the Fundamental Informatics and Information Technology, Digital Humanities, as well as the educational programs Business Informatics and Digital Technologies in Business. Together with ITMO University, it is developing additional education programs, conducting internships and scholarship competitions for the best students of the university.

    The partnership between SKB Kontur and NSU is a new step in the development of IT education, aimed at solving the problem of personnel shortage for the Digital Economy.

    The signing took place within the framework of the thirteenth conference “Artificial Intelligence and Natural Language” (AINL), which is being held at NSU this year. AINL is the largest Eastern European conference on artificial intelligence and text processing.

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

    MIL OSI Russia News –

  • MIL-OSI China: 5th China International Consumer Products Expo sees 92 billion yuan in intended deals

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

    5th China International Consumer Products Expo sees 92 billion yuan in intended deals

    HAIKOU, April 18 — The 5th China International Consumer Products Expo (CICPE) attracted the participation of a record-breaking 1,767 companies and 4,209 consumer brands from 71 countries and regions this year, according to a press briefing on Friday.

    Events targeting global brands, e-commerce and country-specific suppliers led to 52 intended cooperation agreements, the value of which amounted to approximately 92 billion yuan (about 12.6 billion U.S. dollars), said Zeng Rong, chief economist at Hainan provincial bureau of international economic development.

    Countries including Slovakia, Singapore, Brazil, Armenia and Kazakhstan debuted their national pavilions at this year’s CICPE in south China’s Hainan Province. The United Kingdom, as the 2025 guest country of honor, occupied an exhibition area of over 1,300 square meters, showcasing 53 brands across the fashion, beauty, homeware, health and jewelry industries, doubling its 2024 presence.

    More than 60,000 professional purchasers attended — representing a 10 percent increase from last year. In tandem with the expo, the Ministry of Commerce also launched the “Shopping in China” campaign to stimulate domestic consumption, and introduced a dedicated exhibition to facilitate cooperation between foreign trade firms and domestic purchasers.

    Preparations for the 6th CICPE are underway, with hundreds of companies already registered or signed on to participate in the next edition of this event.

    MIL OSI China News –

  • MIL-OSI Russia: Polytechnic at the expert platform of the Ministry of Education and Science of Russia: strengthening Russian-African cooperation

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    The Polytechnic University took part in a strategic meeting of the Ministry of Science and Higher Education of the Russian Federation dedicated to the development of the Russian-African Network University (RAFU). Representatives of the Polytechnic University presented a report on the activities of the consortium, noting key achievements and plans to strengthen cooperation with African countries. The meeting was held in the board room of the Ministry of Education and Science of Russia with the participation of more than 50 RAFU universities, including Moscow State University, MGIMO, RUDN University, MPEI, RSUH, MGRI.

    Deputy Minister of Science and Higher Education of the Russian Federation Konstantin Mogilevsky emphasized the role of SPbPU in the development of the project in his speech: Two years ago, at the Russia-Africa economic forum, the baton of coordinating RAFU was passed to St. Petersburg Polytechnic University. During this time, the consortium has made a qualitative leap: today it includes 90 Russian and 45 African organizations from 15 countries. The Summer Multidisciplinary University, which we are holding for the fourth time, has become a key project. However, it is important to move forward – to develop higher education programs, network formats and double degrees. SPbPU, which has serious experience in this area, can become a driver of such changes.

    Vice-Rector for International Affairs of SPbPU Dmitry Arsenyev focused on the transformation of RAFU into a multifunctional platform: We consider RAFU not only as an educational project, but also as a tool for accessing scientific, personnel and youth resources. Over two years, we have managed to expand the geography, create a working project office and hold dozens of events. The next step is the integration of network programs and quotas, which will enhance the practical benefits of the consortium for Russian-African relations.

    Head of the RAFU project office Maksym Zalyvsky presented the consortium’s achievements. An important step was the update RAFU website, which has evolved into a working tool with 14 sections, an online catalog of 120 courses, and regularly updated news. To promote the consortium brand, RAFU days were held in Mali and Morocco, where information centers were opened, as well as large-scale sessions at the St. Petersburg International Economic Forum, the Youth Festival, and the Russia-Africa Summit.

    Maxim Zalyvskiy paid special attention to the Summer Multidisciplinary University of RAFU, which in four years has increased the number of participants from 100 to 300 people, and the geography – from 10 to 33 countries. The program has shifted focus from cultural and historical tracks to professional internships and advanced training with the participation of industrial partners, such as the Mali Artificial Intelligence Center. In 2025, 20 educational programs are planned, some of which will be associated with a project dedicated to the development of a concept for reforming higher engineering education in Mali. Russian universities are participating in the development of a concept for the creation and curricula of educational programs for the new Polytechnic University of Bandiagara in priority areas of development of Mali. The speaker especially noted the initiative creation of network master’s programs with universities in Egypt, Algeria, Zimbabwe and other countries, as well as the development of ten joint Russian-African projects in 2024, which the Russian Ministry of Education and Science annually supports with grants.

    The participants of the meeting discussed initiatives to allocate quotas for African students within the framework of network programs and the significant role of the project in developing cooperation with African countries. They emphasized the importance of RAFU as an effective tool for interaction and made proposals for optimizing the consortium’s work aimed at increasing its practical impact.

    The universities participating in RAFU highly appreciated the work of SPbPU as the coordinator of the consortium. Polytechnic will continue to expand the partner network and introduce new formats of cooperation aimed at the sustainable development of the regions of Russia and Africa.

    Summing up the meeting, Konstantin Mogilevsky proposed creating scientific laboratories for assessing colonial damage on the basis of leading universities participating in the RAFU consortium — a project capable of strengthening the expert status of the association. The participants also agreed to hold regular meetings of the RAFU presidium to develop strategic decisions, operational planning and strengthen partnerships with African countries.

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

    MIL OSI Russia News –

  • MIL-OSI China: ‘The Wandering Earth 3’ begins filming with comedy megastar, AI assistant

    Source: China State Council Information Office 3

    The final installment of China’s “The Wandering Earth” science fiction trilogy began filming on April 15, featuring the surprise addition of comedy star Shen Teng and the first use of an AI production assistant.

    Director Frant Gwo (1st L) and actors Shen Teng (C) and Wu Jing attend a ceremony to mark the start of filming for “The Wandering Earth 3” at China Movie Metropolis in Qingdao, Shandong province, April 15, 2025. [Photo courtesy of Da’an Pictures]

    The cast and crew attended a ceremony to mark the start of filming at China Movie Metropolis, a studio complex in Qingdao, Shandong province, which also hosted production of the previous two entries.

    Producer Fu Ruoqing, chairman of China Film Group, director Frant Gwo, and lead actor Wu Jing attended the ceremony, where they announced the surprise casting of comedian Shen Teng.

    Shen brought his signature humor to the launch, saying he was honored to join the team. “I’ll do my best in this role and make sure director Frant Gwo gets enough rest, while ensuring I get enough rest myself,” he joked.

    Wu shared his excitement about working with Shen: “I’m so hyped to have fun with Shen Teng on the ‘Wandering Earth’ ride. Maybe we can have a switch. Hope I get more comedy scenes while he does more action — can’t wait to see him throw a punch!”

    Shen and Wu are two of the biggest stars in Chinese cinema. Films starring Shen have grossed a total of 36.98 billion yuan ($5 billion) at the box office, making him the highest-grossing actor in China. Wu ranks a close second, with his films earning 34.71 billion yuan. The long-awaited collaboration between the two actors will take place in this project.

    The cast and crew celebrate the launch of filming for “The Wandering Earth 3” at China Movie Metropolis in Qingdao, Shandong province, April 15, 2025. [Photo courtesy of Da’an Pictures]

    At the launch of “The Wandering Earth 3,” the production team unveiled WEi, a proprietary AI assistant powered by DeepSeek R1 and supported by NVIDIA and ByteDance’s Volcano Engine.

    The tool, which is designed to emulate the franchise’s AI character MOSS, provides instant access to scripts, concept art and professional references. The production team said the tool integrates AI with film production to help advance China’s sci-fi industry and explore new creative possibilities.

    The production will also partner with leading Chinese technology firms to leverage advanced support, aiming to set a new benchmark in set construction and visual effects.

    Producer Fu expressed gratitude to the director and core creative team for overcoming challenges over the past decade since the first film. He pledged to continue supporting the team as they pursue the sci-fi vision of the “Wandering Earth” franchise and work to ensure its continued growth and legacy.

    Another franchise star, Hong Kong actor Andy Lau, sent a congratulatory video for the production launch, saying, “I can’t wait to rejoin the cast and begin filming.”

    Screenwriting adviser Wang Hongwei said the script for “The Wandering Earth 3” was 80% complete.

    “When working on a groundbreaking franchise like this, we all feel reluctant to put down our pens,” Wang said, adding that the team aims to create the most satisfying conclusion possible for the final installment.

    The film is written by Gwo, Gong Ge’er and Ye Ruchang. Gwo previously said the script underwent nine revisions by the end of last year, with the team surveying over 1,000 young people to better engage younger audiences. The story will serve as a direct sequel to the first film, exploring humanity’s struggle for survival during Earth’s 2,500-year cosmic odyssey to a new solar system.

    The cast and crew pose for a group photo before filming begins on “The Wandering Earth 3” at China Movie Metropolis in Qingdao, Shandong province, April 15, 2025. [Photo courtesy of Da’an Pictures]

    “Innovation must be everything — we have to find ways to make it happen,” Gwo said. “We want to give audiences something they’ve never seen in any film before. We’re raising production standards far above the first two movies to move and amaze every audience member who’s been supporting us.”

    The “Wandering Earth” franchise has maintained its strong audience appeal with consistent box office success. The original 2019 film earned 4.69 billion yuan domestically, while the 2023 prequel grossed 4.03 billion yuan. The series’ final installment, “The Wandering Earth 3,” will be released in two parts, with the first part scheduled to premiere in China during the 2027 Spring Festival season.

    MIL OSI China News –

  • MIL-OSI: Relm Insurance and Liva Insurance Obtain Central Bank Approval in the UAE for Web3 Insurance Solutions

    Source: GlobeNewswire (MIL-OSI)

    • Through this partnership Liva and Relm aim to cater to businesses in high-growth innovative sectors often not covered by traditional insurance products and providers
    • Regulatory approval for SIGMAWEB3 reinforces commitment to digital asset innovation in the UAE and potentially setting the base for further expansion in the region
    • SIGMAWEB3 designed specifically for organisations developing or utilising blockchain technologies

    Dubai, United Arab Emirates , April 18, 2025 (GLOBE NEWSWIRE) — Relm Insurance – the only insurer dedicated to emerging sectors – and Liva Insurance, a leading insurance provider operating across the GCC, today announced UAE Central Bank approval for their dedicated multi-line insurance solution for WEB3 businesses – SIGMAWEB3, and its tailored version for VARA-regulated companies, SIGMAWEB3 VARA.

    This milestone follows the signing of Relm and Liva’s strategic partnership in February 2025, aimed at empowering innovation and entrepreneurship in emerging sectors such as digital assets, biotech and AI.

    The UAE Central Bank approval reinforces Relm and Liva’s commitment to deliver tailored insurance solutions that address the unique and complex needs of tech companies in the region. These businesses often struggle to get the right insurance due to a lack of understanding of their industries’ rapidly evolving landscape.

    SIGMAWEB3 and SIGMAWEB3 VARA will help create the confidence and resiliency that WEB3 innovators require to tackle complex challenges and seize new opportunities, while meeting the necessary regulatory requirements.

    Both products are designed specifically for digital asset companies, blockchain startups, crypto exchanges, and fintech innovators, addressing the unique and complex financial, professional, crime, and cyber exposures inherent in their operations.

    SIGMAWEB3 VARA is specifically tailored to meet the requirements of Dubai’s Virtual Asset Regulatory Authority (VARA), ensuring that crypto companies can operate with compliant insurance cover.     

    “Securing Central Bank approval for SIGMAWEB3 and SIGMAWEB3 VARA is a significant step for brokers and clients in the UAE. This milestone facilitates more comprehensive coverage tailored to the unique risks of the Web3 space. By closing the insurance gap, we’re empowering businesses with the protection they need to innovate confidently in a rapidly evolving market” said Joseph Ziolkowski, CEO of Relm Insurance.

    “SIGMAWEB3 and SIGMAWEB3 VARA represent a significant step in our commitment to supporting growth and evolution of innovation within the insurance industry. This approval from Central Bank affirms both Liva Group’s deep market insight and Relm’s expertise in specialised insurance as well as reinforcing the vital role that regulatory collaboration plays in fostering a secure and thriving digital economy. Together, we aim to provide customers with solutions that meet their evolving needs, while strengthening our commitment to scale and diversify our business.” Martin Rueegg, Group CEO of Liva Group.

    The approval recognises Relm and Liva’s leadership in Web3 insurance and highlights the increasing regulatory acceptance of innovative insurance solutions.

    -END-

    About Relm Insurance

    Relm Insurance Ltd. (Relm) is a Bermuda-domiciled specialty insurance carrier that supports emerging industries driving innovation and next-generation technologies. Launched in 2019, Relm offers a wide range of insurance products to high-growth markets, including digital assets, blockchain, AI, biotech, and the space economy. With a Financial Stability Rating of ‘A, Exceptional’ from Demotech, Relm is widely recognised for its industry expertise and solutions-driven approach, making it a trusted risk partner for businesses operating at the frontier of technological innovation.

    About Liva Group

    Liva is an insurance group operating across the GCC, founded on the belief that insurance is a pillar that supports both personal and professional lives. As one of the pioneering insurance players in the region, Liva’s team of 1,200 employees is dedicated to offering products and services centred on customer needs, empowering individuals, businesses, and communities to thrive. Serving more than 1.5 million customers, Liva has a strong and growing presence in Oman, the United Arab Emirates, Kingdom of Saudi Arabia, Kuwait, and Bahrain across motor, home travel, health, life, and commercial insurance, as well owning subsidiaries such as NSSPL (India) and Inayah TPA (UAE), supporting its long-term strategy to scale and diversify the business. The word “Liva” signifies “protection” or “life”, reflecting the Group’s commitment to protecting what matters most to its people, its partners, and, most of all, its customers.

    Media Contacts

    Yasmin Oronos
    Luna PR
    yasmin.oronos@lunapr.io

    The MIL Network –

  • MIL-OSI Security: Mobile Diving and Salvage Unit 1 conducts dive training with the Republic of Korea Navy’s Sea Salvage and Rescue Unit during SALVEX Korea 2025 [Image 12 of 17]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on

    JINHAE NAVAL BASE, Republic of Korea (April 10, 2025) U.S. Navy Diver 3rd Class Anthony Briggs, assigned to Mobile Diving and Salvage Unit 1, prepares to conduct a simulated salvage mission with a Republic of Korea navy diver during a joint dive and salvage exercise in the harbor of Jinhae Naval Base, Republic of Korea, April 10, 2025. Commander, Logistics Group Western Pacific/Task Force 73 sustains the U.S. Navy’s maritime forces and is responsible for all diving and salvage operations in the Western Pacific in support of a free and open Indo-Pacific. (U.S. Navy photo by Mass Communication Specialist 2nd Class Jordan Jennings)

    Date Taken: 04.10.2025
    Date Posted: 04.13.2025 22:26
    Photo ID: 8971780
    VIRIN: 250410-N-YV347-1252
    Resolution: 7998×5332
    Size: 15.2 MB
    Location: JINHAE, KR
    Web Views: 25
    Downloads: 0

    PUBLIC DOMAIN  

    This work, Mobile Diving and Salvage Unit 1 conducts dive training with the Republic of Korea Navy’s Sea Salvage and Rescue Unit during SALVEX Korea 2025 [Image 17 of 17], by PO2 Jordan Jennings, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright.

    MIL Security OSI –

  • MIL-OSI Security: Mobile Diving and Salvage Unit 1 and the Republic of Korea Navy’s Sea Salvage and Rescue Unit conclude SALVEX Korea 2025 [Image 1 of 3]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on

    JINHAE NAVAL BASE, Republic of Korea (April 11, 2025) U.S. Navy Chief Warrant Officer 2 Nick Blankshine, assigned to Mobile Diving and Salvage Unit 1, presents a commemorative gift from Hawaii—where MDSU 1 is stationed—to Republic of Korea navy Cmdr. Young Nam Park during a joint dive and salvage exercise at Jinhae Naval Base, Republic of Korea, April 11, 2025. Commander, Logistics Group
    Western Pacific/Task Force 73 sustains the U.S. Navy’s maritime forces and is responsible for all diving and salvage operations in the Western Pacific in support of a free and open Indo-Pacific. (U.S. Navy photo by Mass Communication Specialist 2nd Class Jordan Jennings)

    Date Taken: 04.11.2025
    Date Posted: 04.18.2025 01:49
    Photo ID: 8981203
    VIRIN: 250411-N-YV347-1043
    Resolution: 6618×4412
    Size: 15.25 MB
    Location: JINHAE, KR
    Web Views: 0
    Downloads: 0

    PUBLIC DOMAIN  

    This work, Mobile Diving and Salvage Unit 1 and the Republic of Korea Navy’s Sea Salvage and Rescue Unit conclude SALVEX Korea 2025 [Image 3 of 3], by PO2 Jordan Jennings, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright.

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    MIL Security OSI –

  • MIL-OSI China: Yangtze underwater rail tunnel reaches milestone

    Source: China State Council Information Office 2

    The world’s largest shield machine for railway construction reached the halfway point of its underwater journey beneath the Yangtze River on Wednesday, marking a major milestone for the high-speed rail tunnel linking Shanghai’s Chongming Island with Taicang, Jiangsu province.
    Developed in China, the 148-meter-long machine — with a diameter of 15.4 meters — is edging closer to the most technically challenging section of the tunnel, according to China Railway Tunnel Group Co, the project’s contractor.
    “With a gradual downward slope, the pressure from the surrounding water on the construction project is rising,” said Wang Yi, the project’s deputy equipment manager.
    Nicknamed Linghang, or “Navigator,” the shield machine is currently operating 66 meters below the riverbed and is expected to reach its deepest point — 89 meters underground — in about four months, Wang said.
    “At that point, the water pressure will be 0.9 megapascal — as overwhelming as six people standing on a fingernail,” he said.
    Advancing at a daily pace of 24 to 28 meters, the machine began operations in April last year and had completed 2,830 ring segments by Wednesday, extending 5,660 meters into the riverbed.
    The 14.25-kilometer tunnel is a critical part of the Shanghai-Nanjing-Hefei high-speed railway, which is scheduled to open by late 2029, the company said.
    Trains traveling through the tunnel are expected to reach a top speed of 350 kilometers per hour — the highest operating speed for any underwater tunnel in the world — with no reduction in speed compared to surface travel.
    Engineers said the record-breaking project poses immense challenges to the shield machine, especially due to the tunnel’s length, which requires the equipment to function far beyond conventional limits.
    “To meet the demand, we use a main bearing with a service life of 16,700 hours, nearly triple the theoretical lifespan of similar components,” Wang said. “That allows the machine to complete more than 15 kilometers of excavation in a single task.”
    The shield machine is also equipped with a proprietary “intelligent tunneling brain” system, designed to overcome obstacles such as ultra-large diameter drilling, complex geological conditions, ecological sensitivities and varying strata permeability.
    “This project became the world’s first to achieve unmanned tunneling operations, with staff required only to be on duty,” Wang said.
    The AI system integrates nine intelligent functions, including perception, tunneling, prefabrication, installation, detection and management, and is capable of making and executing operational decisions automatically, he said.
    The tunnel must traverse 21 identified risk zones, and has already passed six, including a highway, a dock and a protected aquatic farming area, without incident, said Fu Bowei, deputy chief engineer for the project.
    The Shanghai-Nanjing-Hefei line forms the eastern section of the larger Shanghai-Chongqing-Chengdu high-speed railway and is a key component of China’s national rail network.
    Once completed, it is expected to significantly reduce travel times between key urban centers in the Yangtze River Delta region — linking Shanghai with city clusters around Nanjing and Hefei — and contribute to the coordinated development of the Yangtze River Economic Belt and the integrated growth of the delta region.

    MIL OSI China News –

  • MIL-OSI Russia: NSU has completed the installation of the main technological equipment on the 4th and 5th floors of the flow auditorium building

    Translartion. Region: Russians Fedetion –

    Source: Novosibirsk State University – Novosibirsk State University –

    In the building of the NSU flow auditoriums, which is one of the second-stage facilities modern campus of NSU, which is being built within the framework of the national project “Youth and Children”, active work is underway to install technological equipment. The main work on the 4th and 5th floors has already been completed; some of the equipment in the multifunctional space on the 1st floor has also been installed – an interactive screen, a stage, shelves, decorative elements. Most of the flow auditoriums and many classrooms are equipped with desks and furniture.

    — We are already at the final stage of equipping the building of the flow auditoriums, in the new academic year it will be ready to receive students. The modern building will allow NSU to increase the capacity of the educational areas at its disposal by 25%. The building will also become an exhibition complex for demonstrating the achievements and technologies developed by the NSU Center for Artificial Intelligence. The concept of a “smart library” will be implemented here, services for ordering documents and submitting applications, for booking auditoriums and premises, “smart parking” and much more will be introduced, — commented NSU Rector Mikhail Fedoruk.

    The multifunctional space is located on the 1st floor, its area is about 2.5 thousand square meters, it includes a free-plan area, a scientific library, and quiet areas. The design concept is based on minimalism, calm colors, bright accents, and natural materials. This space can be adapted to changing conditions and various operating requirements. A stage has already been installed, which, when there are no performances, turns into a part of the space where the guys can sit freely on ottomans.

    The multifunctional space has an information station and a large interactive screen, which has also already been installed. It is equipped with work and reading areas, quiet areas where you can lie on sofas. There are special acoustic panels that completely or partially muffle the sound. There are places for storing chairs, which will be in demand during cultural events.

    Construction of two other second-stage facilities of the NSU campus is also ongoing: the educational and scientific center of the Institute of Medicine and Medical Technologies (construction readiness – 28%) and the NSU research center (construction readiness – 25%).

    The general contractor for the construction of the second stage of the facilities is the company “MONOTEK STROY”.

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

    MIL OSI Russia News –

  • MIL-OSI Security: Airmen, aircraft deploy in support of first Bomber Task Force mission to Japan

    Source: United States INDO PACIFIC COMMAND

    MISAWA AIR BASE, Japan — A Bomber Task Force deployment of U.S. Air Force B-1B Lancer aircraft, Airmen and support equipment from the 9th Expeditionary Bomb Squadron, Dyess Air Force Base, Texas, arrived at Misawa Air Base, Japan, April 15, 2025, to support Pacific Air Forces’ training efforts with Allies, partners, and joint forces and strategic deterrence missions to reinforce regional stability in the Indo-Pacific.

    MIL Security OSI –

  • MIL-OSI China: Nvidia CEO visits Beijing, stresses importance of China market

    Source: China State Council Information Office

    Jensen Huang, CEO of U.S. tech giant Nvidia, arrived in Beijing on Thursday and met with Ren Hongbin, chairman of the China Council for the Promotion of International Trade.

    During the meeting, Huang emphasized that China is a very important market for Nvidia and expressed the company’s willingness to continue cooperation with China.

    This marks Huang’s second visit to Beijing in three months. It came after the U.S. government limited exports of Nvidia’s H20 artificial intelligence chip to China, a key market for one of its most popular chips.

    Nvidia shares have slumped 22 percent this year and its stock fell 7 percent on Wednesday, media reports said. On Wednesday, U.S. stocks fell after Nvidia warned that new restrictions on exports to China will cost it billions of dollars. 

    MIL OSI China News –

  • MIL-OSI China: China, Cambodia agree to build all-weather community with shared future in new era

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

    China, Cambodia agree to build all-weather community with shared future in new era

    Chinese President Xi Jinping holds talks with Cambodian Prime Minister Hun Manet at the Peace Palace in Phnom Penh, Cambodia, April 17, 2025. [Photo/Xinhua]

    PHNOM PENH, April 17 — Chinese President Xi Jinping and Cambodian Prime Minister Hun Manet on Thursday agreed to build an all-weather China-Cambodia community with a shared future in the new era, and designated 2025 the China-Cambodia Year of Tourism.

    Xi said the ironclad friendship between China and Cambodia enjoys a profound history, a solid political foundation and a strong internal driving force, adding that no matter how the international situation changes, the two countries have always been at the forefront of building a community with a shared future for mankind.

    Xi noted that at present, changes unseen in a century are accelerating, saying that deepening the building of the China-Cambodia community with a shared future is fully in line with the fundamental interests of the two peoples.

    China will, as always, support Cambodia in following a development path that suits its national conditions, support the Cambodian government’s successful governance of the country, and back Cambodia in playing a more important role in international and regional affairs, he added.

    Xi called on both sides to take the building of an all-weather China-Cambodia community with a shared future in the new era as a new starting point, build on the momentum, continue to implement a new action plan on building the China-Cambodia community with a shared future, strengthen unity and cooperation, and speed up the implementation of the Global Development Initiative, the Global Security Initiative and the Global Civilization Initiative.

    He also urged the two sides to deepen political mutual trust at a higher level, expand mutually beneficial cooperation of higher quality, consolidate security guarantees of a higher level, carry out people-to-people and cultural exchanges at a higher frequency, and strengthen strategic coordination of higher standards, so as to bring greater benefits to the two peoples.

    The Chinese president called for maximizing the role of the China-Cambodia Intergovernmental Coordination Committee, ensuring the strategic dialogues between the foreign and defense ministers of the two countries a success, strengthening exchanges through such channels as political parties and legislative bodies, jointly addressing risks and challenges, and safeguarding the common interests of both sides.

    The Chinese side, Xi said, is ready to share opportunities and seek common development with Cambodia.

    He called on both sides to vigorously promote high-quality Belt and Road cooperation, and continuously enrich the “Diamond Hexagon” cooperation framework, so as to inject new impetus into their respective modernization efforts.

    China, Xi said, encourages more Chinese enterprises to invest in Cambodia, adding that it will open its mega-market to Cambodia and import more high-quality agricultural products from the country.

    The people of the two countries should enhance mutual understanding and friendly feelings for each other, and promote exchanges and mutual learning between Chinese and Cambodian civilizations, he added.

    China will continue to offer government scholarships to Cambodia, support the establishment of a dialogue and exchange mechanism for youths between the two countries, and encourage more exchanges at the local level, as well as between media outlets and think tanks, so as to bring the people of the two countries closer and closer, he said.

    He called on the two countries to take stronger and more effective measures to resolutely crack down on online gambling and telecom fraud, and to maintain social stability and the normal order of exchanges among regional countries.

    Xi said China and Cambodia, important forces in the Global South, should stick to the common values of peace, unity and cooperation.

    He called on both sides to oppose unilateral bullying, practice true multilateralism, firmly oppose bloc confrontation, strengthen coordination and cooperation within the frameworks of ASEAN and Lancang-Mekong Cooperation, and jointly safeguard hard-won regional peace and development, so as to contribute to promoting the building of a community with a shared future for mankind.

    For his part, Hun Manet said Cambodia and China have long respected each other and treated each other as equals, hailing China as Cambodia’s most reliable and trustworthy friend.

    He said Xi’s visit is of great significance, which will deepen political mutual trust between the two countries and effectively promote the building of an all-weather Cambodia-China community with a shared future in the new era.

    Hailing China’s achievements in economic and social development, Hun Manet said he firmly believes that under Xi’s strong leadership, China will achieve the Second Centenary Goal as scheduled. He thanked China for its strong support for Cambodia’s economic development and for safeguarding its independence.

    The prime minister said Cambodia firmly adheres to the one-China policy and supports China in safeguarding its sovereignty and territorial integrity, noting that Cambodia is firmly committed to its friendship with China and is willing to maintain high-level exchanges, strengthen strategic and security cooperation, and deepen the ironclad friendship.

    Noting that China is Cambodia’s largest trading partner and the top source of investment, Hun Manet said Cambodia is ready to strengthen cooperation with China in such areas as economy and trade, investment, industrial and supply chains, agriculture and infrastructure, jointly combat online gambling and telecom fraud, strengthen people-to-people exchanges in such fields as education and culture, and ensure the Cambodia-China Year of Tourism a success.

    He said Cambodia highly appreciates China’s active role in international and regional affairs, and supports Xi’s vision of building a community with a shared future for mankind, as well as the three major global initiatives and the Belt and Road cooperation proposed by Xi.

    Amid global turbulence caused by unilateralism and shocks to the multilateral trading system, China has played a leading role and provided valuable stability to the world, Hun Manet said, adding that Cambodia is willing to strengthen coordination and cooperation with China to safeguard their common interests.

    After the meeting, leaders of the two countries witnessed the exchange of more than 30 bilateral cooperation documents covering fields including production and supply chain cooperation, artificial intelligence, development assistance, customs inspection and quarantine, as well as health and news.

    Chinese President Xi Jinping holds talks with Cambodian Prime Minister Hun Manet at the Peace Palace in Phnom Penh, Cambodia, April 17, 2025. [Photo/Xinhua]
    Chinese President Xi Jinping and Cambodian Prime Minister Hun Manet jointly witness the exchange of bilateral cooperation documents after their talks in Phnom Penh, Cambodia, April 17, 2025. Xi held talks with Cambodian Prime Minister Hun Manet at the Peace Palace in Phnom Penh on Thursday. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI Economics: [Interview] How Samsung Embeds Accessibility and User-Centered Values Into Its Home Appliances

    Source: Samsung

    Guided by its vision of “AI for All,” Samsung Electronics continues to develop home appliances that are intuitive and convenient for a wide range of home environments. Among the most impactful advancements are accessibility features designed to make these appliances easier to use for individuals with disabilities and older adults — reflecting the company’s commitment to inclusive design.
     
    Samsung Newsroom sat down with Bona Lee, Vice President and Head of Customer eXperience (CX) Insight Group at Digital Appliances (DA) Business, Samsung Electronics, to discuss the latest accessibility features in Samsung’s home appliances and the philosophy that shapes them.
     
    ▲ Bona Lee from Samsung Electronics demonstrates the negative color mode on the Family Hub refrigerator’s display.
     
     
    Q. What core value or principle guides your approach when designing accessibility features for home appliances?
     
    Using home appliances typically involves a combination of sensory input — such as sight, sound and touch — along with cognitive functions like making selections and adjusting settings, as well as physical actions like pulling, pushing or lifting. These steps can present challenges for some users.
     
    Samsung is working to reduce or eliminate these usability barriers to ensure that everyone can access all features and benefit from the latest technologies. As part of our broader commitment to inclusive design, we offer tailored solutions for different accessibility needs — such as tactile stickers for buttons, audio cues for users with visual impairments and control panels positioned at heights accessible to wheelchair users.
     
     
    Q. What are some standout accessibility features or services that users might not be aware of?
     
    ▲ Visibility enhancement settings on the Bespoke AI Laundry Combo
     
    The Bespoke AI Laundry Combo offers a significantly more streamlined control experience than before. While previous models required users to turn a dial and strain to read small text to select a cycle, the new model features a built-in digital screen with large, easy-to-read fonts. AI further enhances usability by prioritizing frequently used cycles at the top of the menu.
     
    What’s more, SmartThings routines empower individuals with limited mobility by automating device control. A simple voice command like “I’m going to sleep” can turn off lights and appliances, creating a more comfortable and accessible home environment.
     
     
    Q. What new accessibility features have been introduced in the 2025 Bespoke AI appliance lineup?
     
    In the 2025 lineup of Bespoke AI appliances, Bixby can now recognize individual voices using Voice ID technology and provide accessibility settings tailored to each person. In addition, with built-in microphones and speakers, users can ask Bixby about the appliance’s status and receive key alerts via voice responses.
     
    Moreover, the Auto Open Door feature — highly praised by users with limited mobility — has been expanded to more products, including refrigerators, washing machines, ovens and dishwashers. A light tap or simple voice command like “Open the [device] door” provides easy, hands-free access.
     
    ▲ The Auto Open Door feature on the Family Hub refrigerator
     
     
    Q. Are there any ongoing collaborations focused on enhancing accessibility in home appliances?
     
    Samsung is actively collaborating with various organizations to identify and address real-world accessibility challenges. We receive objective evaluations and expert guidance from various professional organizations including the Korea Center for Accessibility Assessment & Research. Additionally, accessibility features for our screen-equipped appliances — such as voice guidance and improved visibility — are being developed in alignment with the European Accessibility Act that goes into effect this June.
     
    Internal collaboration is just as vital. The Samsung Family Supporters group — comprised of employees with disabilities and those with family members who have disabilities — is actively involved in shaping accessibility initiatives. Furthermore, the newly established Accessibility Employee Resource Group (ERG) within the Device eXperience (DX) Business fosters open dialogue by encouraging members to share real-life experiences and ideas to improve accessibility across our products and services.
     
     
    Q. What results or improvements have come from these collaborations so far?
     
    While many visually impaired users found voice guidance for operating SmartThings-connected appliances helpful, some reported that the initial device connection process was challenging.
     
    To address this, we improved the SmartThings app and partnered with TUAT Corp. — the developer of AI-powered visual assistance app Sullivan Plus — to introduce a dedicated mode that recognizes Samsung appliances and helps users easily connect them to SmartThings. Selected for Samsung’s C-Lab Outside startup incubator, Sullivan Plus is expected to further enhance the overall user experience.
     
    We’ve also developed assistive tools based on ideas and feedback from employees and the Samsung Family Supporters group. Designs for these tools are shared on ITDA, a public platform for customizing and 3D-printing assistive devices. One example is a stick-on handle for drawers, designed to support users with limited hand mobility. Development continues toward creating more automated assistive solutions that offer even greater convenience.
     
     
    Q. What steps is Samsung taking to further advance its vision of “AI for All” in the future?
     
    “AI for All” reflects Samsung’s commitment to ensuring that the benefits of technology are seamlessly integrated into everyday life — regardless of a user’s physical abilities or environment. It’s about transforming individual features into connected, inclusive experiences that make life better for everyone.
     
    Looking ahead, Samsung will continue to embed universal design principles that prioritize inclusivity into product development. This includes gathering input from diverse user groups during the planning stage, leveraging user data to identify new opportunities and collaborating with both internal and external experts and organizations to create more meaningful solutions.
     
    As AI capabilities in home appliances evolve, the goal is to create a truly intelligent in-home experience — one that understands each user, their family and their environment by automating tasks and reducing the need for manual input. Rather than addressing diversity with isolated features, Samsung strives to deliver integrated, all-in-one solutions that adapt to any situation.
     
    We see this as the future of innovation — where accessibility and technology come together to serve everyone, under the vision of “Universal Accessibility, Universal Technology.”

    MIL OSI Economics –

  • MIL-OSI: WISeKey Releases 2024 Audited Financial Results and Outlines its 2025 Vision for Post Quantum Technology Convergence

    Source: GlobeNewswire (MIL-OSI)

    WISeKey Releases 2024 Audited Financial Results and Outlines its 2025 Vision for Post Quantum Technology Convergence

    Schedules Conference Call and Webcast for Tuesday, April 22 at 10:00 am ET (4:00 pm CET)

    Geneva, Switzerland – April 17, 2025 – Ad-Hoc announcement pursuant to Art. 53 of SIX Listing Rules – WISeKey International Holding Ltd (NASDAQ: WKEY / SIX: WIHN) (“WISeKey” or “the Company”), a global leader in cybersecurity, digital identity, and IoT technologies, today announced its audited financial results for the year ended December 31, 2024, and shared its strategic vision for 2025, a year expected to be defined by the convergence of foundational technologies and the emergence of Sovereign AI.

    Carlos Moreira, Founder and CEO of WISeKey, commented: “2024 has been a pivotal year for WISeKey. We ended the year with a very strong balance sheet, strategic technological milestones, and a clear roadmap to take advantage of new opportunities ahead. From launching 17 secure satellites in partnership with SpaceX and further advancing negotiations on our semiconductor personalization center strategy, to scaling our blockchain platforms and developing post-quantum chips, we have created a solid foundation across every layer of digital trust infrastructure.

    We started 2025 on a very strong note and have now entered what I define as the ‘Year of WISeKey Convergence.’ This is more than a strategy, it is a paradigm shift. We are bringing together four foundational pillars: semiconductors, satellites, blockchain, and digital identity, into unified and interoperable ecosystems. This convergence allows us to offer end-to-end solutions where each component reinforces the other, enabling exponential innovation and resilience.

    For instance, our post-quantum secure chips, developed by our semiconductor subsidiary SEALSQ Corp (Nasdaq: LAES), are now being embedded into WISeSat satellites to create a secure foundation for a decentralized IoT infrastructure. Blockchain and identity platforms like SEALCOIN and WISeID are being deployed to power autonomous, tamper-proof transactions between machines, satellites, and users. Combining this with our partnership with the Hedera distributed ledger, brings transparency and immutability to these transactions. Additionally, our work with the Swiss Army is proceeding with the testing of a secure smartphone and secure communications with our WISeSat Satellites.

    This convergence approach positions WISeKey at the intersection of some of the most critical transformations of our time, such as quantum-resilient security, space-based connectivity, and the decentralized economy. We are not just adapting to the digital future, we are building it. For WISeKey, 2025 is expected to be a year of execution and scale, where our integrated business units aim to deliver tangible impact.”

    FY 2024 HIGHLIGHTS

    • $90.6 million cash balance (as of December 31, 2024) alongside a much cleaner balance sheet.
    • $11.9 million FY 2024 revenue, down from $30.1 million in FY 2023, reflects an expected decrease as a result of a transitional year with semiconductors customers gradually shifting to our next-generation quantum-resistant solutions and delayed building inventory until the release alongside the impact of the excess inventory accumulation by customers in 2023.
    • $7.0 million investments in R&D for the development of new projects and technologies, including SEALSQ’s post-quantum chip, SEALCOIN, and our WISeSat next generation satellites.
    • First engineering samples of our new quantum resistant secure microcontroller delivered in Q4 2024, in line with our semiconductors’ R&D plan initiated in 2022. We are on target to make our QVault-TPM, the next generation of secure microcontrollers built by SEALSQ on our new Secure RISC-V CPU, available on the market in Q4 2025.
    • Signed a landmark agreement with the Swiss Army to co-develop advanced cybersecurity and space-based capabilities. The first new generation WISeSat satellite under this initiative was launched in January 2025.
    • $115 million pipeline of secured and pending business opportunities over the period from 2026 to 2028 as of April 15, 2025.

    LOOKING AHEAD TO 2025

    Strong Financial Foundation to Support Strategic Growth

    WISeKey’s 2024 year-end solid cash position in excess of $90 million (predominantly secured via the over $80 million capital raised during 2024 by SEALSQ), alongside the availability of any additional financing should it be required, and its much cleaner balance sheet, place the Company in a very strong position to invest in high-growth areas such as post-quantum cybersecurity, next-generation semiconductors, satellite infrastructure, and blockchain-based ecosystems.

    Despite certain sector-wide headwinds, the Company’s overall outlook remains robust with a pipeline of secured and pending business opportunities exceeding $115 million for the period from 2026 to 2028, supported by growing public sector and defense partnerships.

    WISeKey anticipates strong growth in 2025, propelled by SEALSQ’s quantum-resistant technology developments and expanding IoT security demand. This growth is expected to be driven by the integration of chip revenue from new sources, an expansion in chip personalization services, additional revenue generated by WISeSat, and the consolidated revenue from our planned investments.

    In our semiconductors vertical, SEALSQ has been the main revenue contributor in 2024 and in prior years. We anticipate that our new Quantum-Resistant chips will be available on the market in Q4 2025. WISeKey foresees generating substantial returns from the full-scale commercial deployment of this quantum resistant chip starting in 2026.

    WISeKey has therefore taken several initiatives to develop new revenue streams and strengthen net results.

    These initiatives include:

    • Quantix Edges: Semiconductor Personalization & Design Center in Spain

    WISeKey and SEALSQ jointly, together with OdinS and TProtege, two Spanish companies with extensive experience in R&D&I (Research & Development & Innovation) worldwide and in the design and manufacturing of IoT devices and solutions, plan to establish in the Region of Murcia a “Center of Excellence in Cybersecurity and Microchips” under the financial umbrella of the Microelectronics and Semiconductors Plan (PERTE CHIP) initiated by Spain.   The project called Quantix Edges is in the final stages of the approval process by SETT, the Spanish government’s entity responsible for funding under the PERTE budgets.

    • Consolidated revenue from acquisition opportunities

    The potential IC’ALPS acquisition, if completed, would bolster SEALSQ’s Application-Specific Integrated Circuit (ASIC) development, and further strengthen WISeKey’s portfolio of products.

    • WISeSat’s new generation satellites

    Six more launches are planned during 2025 and 2026, with the next one currently scheduled for June 2025.

    • SEALCOIN’s TIoT commercial launch

    Following on from the successful Proof of Concept carried out in Q1 2025, SEALCOIN is working to identify partners to perform other PoCs and further demonstrate its readiness for industrialization of its TIoT solution.

    • Quantum as a Service

    In 2025, WISeKey advanced its commitment to quantum computing by investing in ColibriTD, a pioneering quantum technology company, aiming to integrate ColibriTD’s Quantum-as-a-Service (QaaS) platform into its Quantum Roadmap.

    • Scaled Up Global Footprint

    WISeKey continues to strategically expand its global presence, secure key partnerships with renowned distributors and sales representatives in crucial markets. These alliances have strengthened WISeKey’s market position while fueling growth by leveraging each partner’s expertise and established networks.

    KEY DEVELOPMENTS BY SUBSIDIARY

    SEALSQ: Leadership in IoT and Post-Quantum Cryptography Era

    SEALSQ advanced the Company’s mission to secure the connected world by focusing on post-quantum cryptography (PQC) and IoT security. Through its QUASAR platform, SEALSQ developed quantum-resistant technologies to protect data against future quantum threats, aligning with global standards like those from NIST. SEALSQ’s future strategy is built around four key priorities:

    1. Commercial Launch of Post-Quantum Chips

    • Commercial launch of two new post-quantum semiconductors, targeting IoT, PC, Tablets, and various industrial applications including medical, military and automotive sectors.
    • Expansion of chip fabrication partnerships to increase output for enterprise and government security solutions.
    • SEALSQ has set an ambitious five-year target to capture 20% of the Trusted Platform Module (TPM) market, a goal supported by strong market engagement. By the end of 2024, SEALSQ had secured over 60 qualified leads and one Design-IN for its TPM products, which are slated for commercial launch in 2025.
    • Developing Quantum resistant ASIC (custom design secure chips) for specific large client needs.

    2. Executing Targeted Acquisitions, Investments and Joint Ventures

    • Advanced and exclusive negotiations to acquire 100% of IC’ALPS; expected to be finalized in 2025.
    • As part of its global expansion strategy, SEALSQ is in final stage negotiations with Spanish authorities to establish an Outsourced Semiconductor Personalization and Test Center (OSPTC) in Spain. SEALSQ is exploring the development of similar OSPTCs in India, the United States, and the Middle East and Africa (MEA).
    • Planned continuing investment in startups engaged in quantum computing and AI initiatives as part of the SEALQUANTUM Initiative.

    3. R&D and Strategic Investments in Post-Quantum Security

    • SEALSQ is investing in the final development, qualification, certification (Common Criteria EAL5+ and FIPS 140-3 Level 3) process and the Industrialization (Wafer Test, Final Test, Packaging, Key Injection) of its Quantum-Resistant TPM 2.0 chip with a commercial launch target date set for Q4 2025. We are in discussions with over 60 interested potential customers, including major electronics manufacturers.
    • Scaling the first TPM PQC chip in broader ASIC offer for addressing the Medical, Defense, and IoT market segments.
    • First deployment of SEALSQ’s Quantum Resistant IoT chips on the WISeSat picosatellite constellation, enhancing secure connectivity in remote regions.

    4. Expanding Trust Services

    • Scaling managed PKI solutions for Matter IoT and enterprise security.
    • Expanding SSL/TLS and GSMA certificate offerings to reinforce global digital trust ecosystems.
    • Pushing adoption of INeS PKI Post quantum Cryptography latest features.

    WISeSat: Expanding Secure Space Capabilities

    WISeKey advanced its WISeSat.Space project, deploying low-earth-orbit picosatellites to provide secure IoT connectivity for remote applications. The Company continued to invest in this innovative satellite network, aiming to enhance global coverage for IoT ecosystems. With further deployments planned for 2025, WISeSat.Space is poised to address growing market demand for secure, satellite-based communication solutions, supporting critical infrastructure and underserved regions.

    Strategic Partnership with Swiss Armed Forces in the Space Sector
    In 2024, the WISeSat.Space division not only reinforced its strategic partnership with the Swiss Armed Forces in the space sector through the initiation of new projects, but it also formalized agreements with RUAG, the strategic integrator for the Swiss Armed Forces, for a national defence project focused on device-to-device communications.

    European Low Earth Orbit Satellite Constellation
    To date, WISeSat.Space has launched 17 mini-satellites with Space X into orbit through a strategic investment and partnership with FOSSA Systems, aimed at expanding its portfolio of space technology assets. Over the next 36 months, WISeSat.Space plans to deploy 88 next-generation satellites, following the January 2025 launch from California, which should significantly enhance global IoT connectivity and environmental monitoring capabilities, supporting applications such as climate change analysis, disaster response, and precision agriculture.

    Pioneering Blockchain and Cryptocurrency Transactions from Space
    In 2024, we took steps to launch a groundbreaking mission that harnesses WISeKey’s advanced security solutions in conjunction with the Hedera network to pioneer the exchange of SEALCOIN from space. Successfully tested in Q1 2025, this initiative marked the first-ever demonstration of secure digital cryptocurrency transactions conducted from orbit and established a proof-of-concept redefining boundaries of blockchain integration, a new era of space-based digital economies. Through this innovative endeavour, we reaffirmed our commitment to leading the development of digital currencies in an expanding technological landscape.

    Blockchain Ecosystem: SEALCOIN and WISe.ART

    SEALCOIN, WISeKey’s transactional IoT platform, made significant progress toward deploying decentralized digital identity solutions, leveraging blockchain to enable secure Web 3.0 transactions using our WISelD platform to incorporate Distributed Identity capabilities. With a development timeline set for key milestones in 2025, SEALCOIN aims to deliver scalable solutions for secure, trust-based interactions across digital networks, enhancing user control over identity and data.

    WISe.ART advanced its blockchain-based ecosystem for digital art and NFTs, integrating Web 3.0 technologies to ensure secure authentication and tokenization, capitalizing on the digital collectibles market. The WISe.ART platform has been developed to serve galleries, museums, and collectors, backed by WISeKey’s root-of-trust and blockchain compatible certificates of authenticity.

    WISeID: Empowering Private Digital Identity

    WISeID, WISeKey’s flagship digital identity platform, introduced biometric authentication, self-sovereign identity (SSI), and post-quantum cryptographic protocols, making it one of the world’s most secure digital identity systems.

    Complementing this, during 2024 WISeKey announced the ongoing development and planned launch of the SEALPhone, an ultra-secure smartphone designed with a privacy-by-design architecture. Currently in testing mode with several strategic clients, SEALPhone integrates WISeID and SEALCOIN, enabling secure communication, identity protection, and digital asset storage on a single hardware platform.

    FILING OF 2024 ANNUAL REPORT ON FORM 20-F

    WISeKey filed its Condensed Consolidated Financial Statements in the Form 20-F for the full year period ended December 31, 2024, with the U.S. Securities and Exchange Commission on April 17, 2025. The Form 20-F can be accessed by visiting the Company’s website at www.wisekey.com.
    In addition, the Company’s stockholders may receive a hard copy of the Form 20-F, which includes complete audited financial statements, free of charge by contacting its Investor Relations Representative at lcati@equityny.com or +1 212 836-9611.

    CONFERENCE CALL

    The Company will host a conference call to review its results on Tuesday, April 22, 2025, at 10:00 am ET (4:00 pm CET). To join, please use the following dial-in numbers:

    • Toll-Free Dial-In Number: 877-445-9755
    • International Dial-In Number: 201-493-6744

    The webcast of the call can be accessed through the Investor Relations section of WISeKey’s website at www.wisekey.com. An archived version of the call will also be made available.

    ADDITIONAL FINANCIAL & OPERATIONAL DATA

    Consolidated Statements of Comprehensive Income/(Loss) [as reported]

      12 months ended December 31,
    USD’000, except earnings per share 2024   2023   2022
               
    Net sales 11,875   30,918   23,814
    Cost of sales (7,104)   (15,754)   (13,588)
    Depreciation of production assets (478)   (420)   (132)
    Gross profit 4,293   14,744   10,094
               
    Other operating income 184   167   2,073
    Research & development expenses (7,026)   (4,398)   (3,862)
    Selling & marketing expenses (8,550)   (6,523)   (7,275)
    General & administrative expenses (16,324)   (17,290)   (11,466)
    Total operating expenses (31,716)   (28,044)   (20,530)
    Operating loss (27,423)   (13,300)   (10,436)
               
    Non-operating income 1,629   2,374   3,937
    Debt conversion expense (32)   (562)   (827)
    Interest and amortization of debt discount (1,013)   (624)   (168)
    Non-operating expenses (2,018)   (3,107)   (5,551)
    Loss before income tax expense (28,857)   (15,219)   (13,045)
               
    Income tax income / (expense) (3,086)   (230)   3,238
    Loss from continuing operations, net (31,943)   (15,449)   (9,807)
               
    Discontinued operations:          
    Net sales from discontinued operations –   –   1,805
    Cost of sales from discontinued operations –   –   (978)
    Total operating and non-operating expenses from discontinued operations –   –   (5,274)
    Income tax recovery from discontinued operations –   –   25
    Loss on disposal of a business, net of tax on disposal –   –   (15,026)
    Income / (loss) on discontinued operations –   –   (19,448)
               
    Net loss (31,943)   (15,449)   (29,255)
               
    Net loss attributable to noncontrolling interests (18,497)   (89)   (1,780)
    Net loss attributable to WISeKey International
    Holding Ltd    		 (13,446)   (15,360)   (27,475)
               
    Earnings per Class A Share (USD)          
    Earnings per Class A Share from continuing operations          
    Basic (0.92)   (0.50)   (0.44)
    Diluted (0.92)   (0.50)   (0.44)
    Earnings per Class A Share from discontinued operations          
    Basic –   –   (0.87)
    Diluted –   –   (0.87)
               
    Earning per Class A Share attributable to WISeKey International Holding Ltd          
    Basic (0.39)   (0.51)   (1.22)
    Diluted (0.39)   (0.51)   (1.22)
               
    Earnings per Class B Share (USD)          
    Earnings per Class B Share from continuing operations          
    Basic (9.17)   (5.01)   (4.36)
    Diluted (9.17)   (5.01)   (4.36)
    Earnings per Class B Share from discontinued operations          
    Basic –   –   (8.65)
    Diluted –   –   (8.65)
               
    Earning per Class B Share attributable to WISeKey International Holding Ltd          
    Basic (3.86)   (5.06)   (12.22)
    Diluted (3.86)   (5.06)   (12.22)
               
    Other comprehensive income / (loss), net of tax:          
    Foreign currency translation adjustments 287   (842)   (1,434)
    Reclassifications out of the OCI arising during period –   –   1,156
    Defined benefit pension plans:          
    Net gain (loss) arising during period (1,206)   (1,151)   2,934
    Other comprehensive income / (loss) (919)   (1,993)   2,656
    Comprehensive income / (loss) (32,862)   (17,442)   (26,599)
               
    Other comprehensive income / (loss) attributable to noncontrolling interests (28)   (99)   (964)
    Other comprehensive income / (loss) attributable to WISeKey International Holding Ltd (891)   (1,894)   3,620
               
    Comprehensive income / (loss) attributable to noncontrolling interests (18,525)   (188)   (2,744)
    Comprehensive income / (loss) attributable
    to WISeKey International Holding Ltd    		 (14,337)   (17,254)   (23,855)

    The notes are an integral part of our consolidated financial statements.

    Consolidated Balance Sheets [as reported]

      As at December 31,   As at December 31,
    USD’000 2024   2023
           
    ASSETS      
    Current assets      
    Cash and cash equivalents 90,600   15,311
    Accounts receivable, net of allowance for credit losses 4,285   5,471
    Notes receivable, current 13   63
    Inventories 1,418   5,230
    Prepaid expenses 1,364   1,290
    Government assistance 2,247   1,718
    Other current assets 573   1,008
    Total current assets 100,500   30,091
           
    Noncurrent assets      
    Notes receivable, noncurrent 32   –
    Deferred income tax assets –   3,077
    Deferred tax credits 250   15
    Property, plant and equipment net of accumulated depreciation 3,275   3,392
    Intangible assets, net of accumulated amortization 96   96
    Operating lease right-of-use assets 1,502   2,052
    Goodwill 8,317   8,317
    Equity securities, at cost 455   486
    Other noncurrent assets 261   275
    Total noncurrent assets 14,188   17,710
    TOTAL ASSETS 114,688   47,801
           
    LIABILITIES      
    Current Liabilities      
    Accounts payable 13,496   12,863
    Notes payable 5,900   4,085
    Indebtedness to related parties, current 78   79
    Convertible note payable, current 9   190
    Deferred revenue, current 93   217
    Current portion of obligations under operating lease liabilities 607   638
    Income tax payable 2   4
    Other current liabilities 1,135   832
    Total current liabilities 21,320   18,908
           
    Noncurrent liabilities      
    Bonds, mortgages and other long-term debt 102   1,820
    Convertible note payable, noncurrent –   1,519
    Deferred revenue, noncurrent 21   24
    Indebtedness to related parties, noncurrent 1,387   –
    Operating lease liabilities, noncurrent 853   1,443
    Employee benefit plan obligation 3,877   3,001
    Other noncurrent liabilities 4   2
    Total noncurrent liabilities 6,244   7,809
    TOTAL LIABILITIES 27,564   26,717
    Commitments and contingent liabilities      
           
    SHAREHOLDERS’ EQUITY      
    Common stock – Class A 16   400
               Par value – CHF 0.01 and CHF 0.25      
    Authorized – 2,000,880 and 2,000,880 shares      
    Issued and outstanding – 1,600,880 and 1,600,880 shares      
    Common stock – Class B 359   8,170
    Par value – CHF 0.10 and CHF 2.50      
    Authorized – 6,194,267 and 6,194,267      
    Issued – 3,365,560 and 3,076,150      
    Outstanding – 3,309,052 and 2,954,097      
    Share subscription in progress 1   –
    Treasury stock, at cost (56,508 and 122,053 shares held) (502)   (691)
    Additional paid-in capital 316,431   289,448
    Accumulated other comprehensive income / (loss) 3,150   4,041
    Accumulated deficit (294,407)   (280,961)
    Total shareholders’ equity attributable to WISeKey shareholders 25,048   20,407
    Noncontrolling interests in consolidated subsidiaries 62,076   677
    Total shareholders’ equity 87,124   21,084
    TOTAL LIABILITIES AND EQUITY 114,688   47,801

    The notes are an integral part of our consolidated financial statements.

    Our Chief Executive Officer and Chief Financial Officer, after evaluating the effectiveness of our disclosure controls and procedures as of the end of the period covered by the 2024 annual report, identified a material weakness in our internal control over financial reporting relating to an ineffective review control that was identified by the auditor.  As a result, an adjustment was made to the additional paid-in capital and noncontrolling interest in the equity accounts by the Company prior to the issuance of the financial statements ended December 31, 2024, which did not impact upon the total equity. See Note 3 to the consolidated financial statements.

    About WISeKey
    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Disclaimer

    Forward-Looking Statements

    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “continue,” “estimate,” “expect,” “intend,” “may,” “should,” “will” and “would” or similar words. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include WISeKey’s ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; the growth of the post-quantum cryptography market; the adoption by developers and customers of quantum computing; the successful launch our post-quantum chips; our ability to sell post-quantum cryptography products to consumers; our ability to develop NIST-approved algorithms for our post-quantum semiconductor technologies; our ability to expand our chip personalization services; our ability to derive consolidated revenue from our planned investments; growth in our cybersecurity certificate and managed PKI services and acquisitions; our ability to expand our Semiconductor personalization and design facilities and semiconductor production; our ability to grow our U.S., Middle East and Asia-Pacific market presence; our ability to expand our Trust services; our development and tokenization of WISe.ART; our expansion of the WISeSat.Space project and the deployment of our next generation satellites; our proposed expansion into EMEA, North America and Asia; the deployment and commercialization of SEALCOIN and TIoT; the ongoing development and adopted of WISeID; and the risks discussed in WISeKey’s filings with the SEC. Risks and uncertainties are further described in reports filed by WISeKey with the SEC.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact:  Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com     		 WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@equityny.com

    The MIL Network –

  • MIL-OSI: Subskribe Unveils DealDesk AI: Revolutionizing Deal Management with Conversational Intelligence

    Source: GlobeNewswire (MIL-OSI)

    New Platform Brings Conversational AI to CPQ, Setting New Standards for Speed and Accuracy in Deal Management

    SAN RAMON, April 17, 2025 (GLOBE NEWSWIRE) — Subskribe, the leader in modern quote-to-revenue solutions, today announced the launch of DealDesk AI, an intelligent assistant that revolutionizes how businesses create, manage, and close deals. This innovative platform brings AI-powered intelligence to every stage of the deal process, eliminating friction and accelerating time-to-close while enabling teams to focus on strategic deal optimization.

    As businesses face increasing pressure to streamline sales processes and maximize efficiency, DealDesk AI addresses these challenges by providing conversational quote creation, AI-powered summarization, and an intelligent deal assistant that works around the clock.

    “Sales representatives shouldn’t need to become CPQ experts to create accurate quotes,” said Prakash Raina, Co-founder of Subskribe. “DealDesk AI fundamentally changes this paradigm by bringing conversational intelligence to quote creation and deal management. Now teams can simply describe what they need in conversational language and our AI handles the complexity behind the scenes, allowing sales and finance professionals to work smarter and close deals faster than ever before.”

    Key Features of DealDesk AI

    • Conversational Quote Creation: Users can simply describe what they need in natural language, and DealDesk AI automatically creates perfectly structured quotes in seconds.
    • AI-Powered Guided Selling: Step-by-step guidance ensures sales teams structure complex deals optimally, maximizing value while maintaining compliance with pricing policies.
    • Slack Integration: Seamless integration with Slack enables teams to create and approve quotes without leaving their familiar communication environment.
    • AI-Powered Summarization: Automatic summaries of quotes, subscriptions, and invoices with critical deal terms highlighted for faster approvals and decision-making.
    • 24/7 Deal Guidance: Sales teams gain instant access to crucial product and pricing information through a conversational assistant, available any time they need it.
    • Intelligent Sales Rooms: Personalized deal environments that engage buyers while providing real-time insights on their behavior and content engagement.

    “DealDesk AI has the potential to introduce a new, streamlined way of working for our team. We’re particularly excited about how it could automate processes and integrate with our existing tools, like Slack. The demo showcased how deals could come together seamlessly with approval processes flowing naturally — ultimately freeing up our deal desk team to focus on strategic initiatives instead of administrative tasks. An intelligent solution like this could be exactly what the industry has been waiting for,” said Jason Weinreb, Director, Sales Operations at Chainguard.

    Subskribe continues to gain strong recognition in the Quote-to-Revenue market. Rated as the #1 Momentum Leader by G2, Subskribe has also maintained its position as a G2 High Performer in all three categories – CPQ, Subscription Billing, and Revenue Management – for several consecutive quarters. The company’s industry leadership extends beyond G2, with Subskribe named a Notable Vendor in Forrester’s Billing Solutions Landscape, ranked among Top 50 Billing Solutions and Top 25 CPQ Solutions by MGI Research, and featured in IDC’s Worldwide ProductScape for CPQ Applications. DealDesk AI builds upon this success, extending Subskribe’s capabilities with cutting-edge conversational intelligence.

    The introduction of Deal Desk AI represents a significant advancement in Subskribe’s mission to streamline the quote-to-revenue process. By removing technical barriers for sales representatives while maintaining administrative control for deal desk professionals, the solution balances flexibility with governance.

    “After seeing DealDesk AI in action, I’m confident it will fundamentally transform our quote creation process. What’s currently a complex, time-consuming workflow will become effortless with this technology. The ability for our sales team to create quotes through simple conversations, streamline approvals, and free our deal desk specialists to become strategic advisors rather than administrative processors is exactly what we need. It’s like having a deal expert available 24/7 for every rep on the team. DealDesk AI has the potential to be the most innovative addition to our quoting process in years,” said Erik Eklund, VP, Enterprise Applications, Neostella.

    “As companies increasingly look for alternatives to complex, costly CPQ implementations, DealDesk AI represents the future of intelligent deal management,” added Durga Pandey, CEO at Subskribe. “Our platform eliminates the need for technical expertise while providing enterprise-grade capabilities that scale with your business.”

    DealDesk AI is now in beta and available immediately for early adopter customers, with general availability planned for summer 2025.

    About Subskribe

    Subskribe is revolutionizing the CPQ and billing space with modern, AI-powered solutions designed for today’s subscription businesses. Trusted by Zip, Beamery, Chainguard, EvenUp, and other top companies, Subskribe helps businesses streamline their quote-to-revenue processes, eliminate friction, and accelerate growth. Subskribe’s platform includes CPQ, Billing, Revenue Recognition, and Advanced Analytics solutions designed to help customers with what matters most – growing their revenue.

    The MIL Network –

  • MIL-OSI: Enterprise Bancorp, Inc. Announces First Quarter Financial Results

    Source: GlobeNewswire (MIL-OSI)

    LOWELL, Mass., April 17, 2025 (GLOBE NEWSWIRE) — Enterprise Bancorp, Inc. (“Enterprise”) (NASDAQ: EBTC), parent of Enterprise Bank, announced its financial results for the three months ended March 31, 2025. Net income amounted to $10.4 million, or $0.84 per diluted common share, for the three months ended March 31, 2025, compared to $10.7 million, or $0.86 per diluted common share, for the three months ended December 31, 2024 and $8.5 million, or $0.69 per diluted common share, for the three months ended March 31, 2024.

    On December 9, 2024, Enterprise announced its intention to merge with Rockland Trust Company, a wholly owned subsidiary of Independent Bank Corp. (NASDAQ: INDB). The proposed merger is expected to close in the second half of 2025, subject to customary closing conditions, including regulatory approvals. As previously announced, Enterprise shareholders approved of the proposed merger on April 3, 2025. No vote of Independent Bank Corp. shareholders is required.

    Selected financial results at or for the quarter ended March 31, 2025, compared to December 31, 2024, were as follows:

    • The returns on average assets and average equity were 0.87% and 11.45%, respectively.
    • Tax-equivalent net interest margin (non-GAAP) (“net interest margin”) was 3.32%.
    • Total loans amounted to $4.05 billion, an increase of 1.7%.
    • Total customer deposits (non-GAAP) amounted to $4.15 billion, a decrease of 0.9%.
    • Wealth assets under management and administration amounted to $1.51 billion, a decrease of 1.6%.

    Chief Executive Officer Steven Larochelle commented, “As we continue to work toward the upcoming merger with Rockland Trust, I am pleased to announce our team delivered strong results in the first quarter. Loan growth was solid at 1.7% for the quarter and 11% for the last twelve months. Operating results compared to the prior year quarter were positively impacted by net interest income growth of 10% resulting from strong loan growth and an increase in net interest margin.”

    Executive Chairman & Founder George Duncan stated, “Our anticipated merger with Rockland Trust has been well received by our shareholders, customers and communities with shareholders approving the merger on April 3rd. The planning for our integration into Rockland Trust is going well and the anticipated synergies and cultural alignment of our two banks remains attractive.”

    Net Interest Income
    Net interest income for the three months ended March 31, 2025, amounted to $38.7 million, an increase of $3.5 million, or 10%, compared to the three months ended March 31, 2024. The increase was due primarily to an increase in loan interest income of $6.6 million, partially offset by increases in deposit interest expense of $1.0 million and borrowings interest expense of $1.0 million as well as a decrease in income on other interest-earning assets of $637 thousand.

    Net Interest Margin
    Net interest margin for the three months ended March 31, 2025, December 31, 2024 and March 31, 2024, amounted to 3.32%, 3.29% and 3.20%, respectively.

    During the first quarter of 2025, the Company sold non-performing loans with a net book value of $956 thousand, resulting in net recoveries of $461 thousand and loan interest income of $486 thousand. The sale of non-performing loans impacted both loan yields and net interest margin favorably by 5 basis points for the quarter ended March 31, 2025.

    Three months ended – March 31, 2025, compared to March 31, 2024

    The increase in net interest margin was due to loan growth and, to a lesser extent, an increase in loan yields, partially offset by increases in the average balance of funding liabilities and funding costs.

    The increase in interest-earning asset yields of 21 basis points was due primarily to loan repricing and originations at higher interest rates, partially offset by an increase in funding costs of 9 basis points driven by higher market rates and increases in certificate of deposits and borrowed funds.

    Provision for Credit Losses
    The provision for credit losses for the three-month periods ended March 31, 2025 and March 31, 2024, are presented below:

        Three months ended   Increase / (Decrease)
    (Dollars in thousands)   March 31,
    2025    		   March 31,
    2024
    Provision for credit losses on loans – collectively evaluated   $                         685     $                         417     $                         268  
    Provision for credit losses on loans – individually evaluated                             (565 )                            1,451                            (2,016 )
    Provision for credit losses on loans                               120                              1,868                            (1,748 )
                 
    Provision for unfunded commitments                               211                            (1,246 )                            1,457  
                 
    Provision for credit losses   $                         331     $                         622     $                       (291 )

    The provision for credit losses on collectively evaluated loans of $685 thousand for the quarter ended March 31, 2025, resulted mainly from loan growth, partially offset by net recoveries, which were primarily from the sale of non-performing loans noted above.

    The decrease in the provision for credit losses of $291 thousand, compared to the prior year quarter, was due primarily to a net decrease in reserves on individually evaluated loans of $2.0 million, partially offset by an increase in reserves for unfunded commitments of $1.5 million.

    The decrease in reserves on individually evaluated loans was due primarily to two commercial relationships that experienced improvement in their collateral valuation compared to the prior year period, while the increase in reserves for unfunded commitments resulted primarily from an increase in off-balance sheet commitments that required a reserve.

    Non-Interest Income
    Non-interest income for the three months ended March 31, 2025, amounted to $5.2 million, a decrease of $307 thousand, or 6%, compared to the three months ended March 31, 2024. The decrease was due primarily to a decrease in gains on equity securities of $766 thousand, partially offset by an increase in wealth management fees of $247 thousand.

    Non-Interest Expense
    Non-interest expense for the three months ended March 31, 2025, amounted to $29.9 million, an increase of $1.0 million, or 4%, compared to the three months ended March 31, 2024. The increase was due primarily to increases in salaries and employee benefits expense of $760 thousand and merger-related expenses of $290 thousand.

    Income Taxes
    The effective tax rate for the three months ended March 31, 2025, amounted to 23.3%, compared to 23.7% for the three months ended March 31, 2024.

    Balance Sheet
    Total assets amounted to $4.90 billion at March 31, 2025, compared to $4.83 billion at December 31, 2024, an increase of 2%.

    Total investment securities at fair value amounted to $603.9 million at March 31, 2025, compared to $593.6 million at December 31, 2024, an increase of 2%. The increase during the three months ended March 31, 2025, was largely attributable to a decrease in unrealized losses on debt securities resulting from decreases in market interest rates during the period, partially offset by principal pay-downs, calls and maturities. Unrealized losses on debt securities amounted to $79.9 million at March 31, 2025, compared to $101.8 million at December 31, 2024, a decrease of 22%.

    Total loans amounted to $4.05 billion at March 31, 2025, compared to $3.98 billion at December 31, 2024, an increase of 2%. The increase during the three months ended March 31, 2025, was due primarily to an increase in commercial real estate loans of $70.2 million.

    Total deposits amounted to $4.30 billion at March 31, 2025, compared to $4.19 billion at December 31, 2024, an increase of 3%. The increase during the three months ended March 31, 2025, was due primarily to an increase in brokered deposits of $150.0 million. Excluding brokered deposits, total deposits decreased $37.0 million during the first quarter of 2025.

    Total borrowed funds amounted to $94.5 million at March 31, 2025, compared to $153.1 million at December 31, 2024, a decrease of 38%. The decrease during the three months ended March 31, 2025, resulted primarily from the increase in brokered deposits during the period.

    Total shareholders’ equity amounted to $385.4 million at March 31, 2025, compared to $360.7 million at December 31, 2024, an increase of 7%. The increase during the three months ended March 31, 2025, was due primarily to a decrease in the accumulated other comprehensive loss of $17.0 million and an increase in retained earnings of $7.3 million.

    Credit Quality

    Selected credit quality metrics at March 31, 2025, compared to December 31, 2024, were as follows:

    • The allowance for credit losses (“ACL”) for loans amounted to $64.0 million, or 1.58% of total loans, compared to $63.5 million, or 1.59% of total loans. The decrease in the ACL for loans to total loan ratio was due primarily to a decrease in reserves on individually evaluated loans.
    • The reserve for unfunded commitments (included in other liabilities) amounted to $4.6 million, compared to $4.4 million. The increase was driven primarily by an increase in off-balance sheet commitments that required a reserve.
    • Non-performing loans amounted to $28.5 million, or 0.70% of total loans, compared to $26.7 million, or 0.67% of total loans.

    Net recoveries for the three months ended March 31, 2025, amounted to $424 thousand, or 0.04% of average total loans, which included $461 thousand in recoveries from the sale of non-performing loans noted above. Net charge-offs for the three months ended March 31, 2024, amounted to $122 thousand, or 0.01% of average total loans.

    Wealth Management
    Wealth assets under management and administration, which are not carried as assets on the Company’s consolidated balance sheets, amounted to $1.51 billion at March 31, 2025, a decrease of $24.7 million, or 2%, compared to December 31, 2024, resulting primarily from a decrease in market values.

    ABOUT ENTERPRISE BANCORP, INC.
    Enterprise Bancorp, Inc. is a Massachusetts corporation that conducts substantially all its operations through Enterprise Bank and Trust Company, commonly referred to as Enterprise Bank, and has reported 142 consecutive profitable quarters. Enterprise Bank is principally engaged in the business of attracting deposits from the general public and investing in commercial loans and investment securities. Through Enterprise Bank and its subsidiaries, the Company offers a range of commercial, residential and consumer loan products, deposit products and cash management services, electronic and digital banking options, as well as wealth management, and trust services. The Company’s headquarters and Enterprise Bank’s main office are located at 222 Merrimack Street in Lowell, Massachusetts. The Company’s primary market area is the Northern Middlesex, Northern Essex, and Northern Worcester counties of Massachusetts and the Southern Hillsborough and Southern Rockingham counties in New Hampshire. Enterprise Bank has 27 full-service branches located in the Massachusetts communities of Acton, Andover, Billerica (2), Chelmsford (2), Dracut, Fitchburg, Lawrence, Leominster, Lexington, Lowell (2), Methuen, North Andover, Tewksbury (2), Tyngsborough and Westford and in the New Hampshire communities of Derry, Hudson, Londonderry, Nashua (2), Pelham, Salem and Windham.

    FORWARD-LOOKING STATEMENTS
    This earnings release contains statements about future events that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by references to a future period or periods or by the use of the words “believe,” “expect,” “anticipate,” “intend,” “upcoming,” “estimate,” “assume,” “will,” “should,” “could,” “plan,” and other similar terms or expressions. Forward-looking statements should not be relied on because they involve known and unknown risks, uncertainties and other factors, some of which are beyond the control of the Company. These risks, uncertainties, and other factors may cause the actual results, performance, and achievements of the Company to be materially different from the anticipated future results, performance or achievements expressed in, or implied by, the forward-looking statements. Factors that could cause such differences include, but are not limited to, (i) disruption from the proposed merger with Independent; (ii) the risk that the proposed merger with Independent may not be completed in a timely manner or at all; (iii) the occurrence of any event, change, or other circumstances that could give rise to the termination of the proposed merger with Independent; (iv) the failure to obtain necessary regulatory approvals for the proposed merger with Independent; (v) the ability to successfully integrate the combined business; (vi) the possibility that the amount of the costs, fees, expenses, and charges related to the proposed merger with Independent may be greater than anticipated, including as a result of unexpected or unknown factors, events, or liabilities; (vii) the failure of the conditions to the proposed merger with Independent to be satisfied; (viii) reputational risk and the reaction of the parties’ customers to the proposed merger with Independent; (xi) the risk of potential litigation or regulatory action related to the proposed merger with Independent; (x) the impact on us and our customers of a decline in general economic conditions and any regulatory responses thereto; (xi) potential recession in the United States and our market areas; (xii) the impacts related to or resulting from uncertainty in the banking industry as a whole; (xiii) increased competition for deposits and related changes in deposit customer behavior; (xiv) the impact of changes in market interest rates, whether due to a continuation of the elevated interest rate environment or further reductions in interest rates and a resulting decline in net interest income; (xv) the lingering inflationary pressures, and the risk of the resurgence of elevated levels of inflation, in the United States and our market areas; (xvi) the uncertain impacts of ongoing quantitative tightening and current and future monetary policies of the Board of Governors of the Federal Reserve System; (xvii) increases in unemployment rates in the United States and our market areas; (xviii) adverse changes in customer spending and savings habits; (xix) declines in commercial real estate values and prices; (xx) a deterioration of the credit rating for U.S. long-term sovereign debt or uncertainty regarding United States fiscal debt, deficit and budget matters; (xxi) cyber incidents or other failures, disruptions or breaches of our operational or security systems or infrastructure, or those of our third-party vendors or other service providers, including as a result of cyber-attacks; (xxii) severe weather, natural disasters, acts of war or terrorism, geopolitical instability or other external events, including as a result of changes in U.S. presidential administrations or Congress, including potential changes in U.S. and international trade and tariff policies and the resulting impact on the Company and its customers; (xxiii) the effect of volatility in the capital markets on our fee income from our wealth management business; (xxiv) competition and market expansion opportunities; (xxv) changes in non-interest expenditures or in the anticipated benefits of such expenditures; (xxvi) changes in tax laws; (xxvii) the risks related to the development, implementation, use and management of emerging technologies, including artificial intelligence and machine learnings; (xxviii) potential increased costs related to the impacts of climate change; and (xxix) current or future litigation, regulatory examinations or other legal and/or regulatory actions. Therefore, the Company can give no assurance that the results contemplated in the forward-looking statements will be realized and readers are cautioned not to place undue reliance on the forward-looking statements contained in this press release. For more information about these factors, please see our reports filed with or furnished to the U.S. Securities and Exchange Commission (the “SEC”), including our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q on file with the SEC, including the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Any forward-looking statements contained in this earnings release are made as of the date hereof, and we undertake no duty, and specifically disclaim any duty, to update or revise any such statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

    ADDITIONAL INFORMATION AND WHERE TO FIND IT
    This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

    In connection with the proposed transaction between Independent and Enterprise, Independent has filed with the SEC a Registration Statement on Form S-4 (the “Registration Statement”) that includes a proxy statement for a special meeting of Enterprise’s shareholders to approve the proposed transaction and that also constitutes a prospectus for the Independent common stock that will be issued in the proposed transaction, as well as other relevant documents concerning the proposed transaction. INVESTORS AND SHAREHOLDERS OF INDEPENDENT AND ENTERPRISE ARE URGED TO READ THE REGISTRATION STATEMENT AND THE PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT INDEPENDENT, ENTERPRISE AND THE PROPOSED TRANSACTION. Copies of the Registration Statement and of the proxy statement/prospectus and other filings incorporated by reference therein, as well as other filings containing information about Independent and Enterprise, can be obtained, free of charge, as they become available at the SEC’s website (http://www.sec.gov). Copies of the proxy statement/prospectus and the filings with the SEC that will be incorporated by reference in the proxy statement/prospectus can also be obtained, without charge, by directing a request to Independent Investor Relations, 288 Union Street, Rockland, Massachusetts 02370, telephone (774) 363-9872 or to Enterprise Bancorp, Inc., 222 Merrimack Street, Lowell, MA 01852, Attention: Corporate Secretary, telephone (978) 656-5578.

    ENTERPRISE BANCORP, INC.
    Consolidated Balance Sheets
    (unaudited)
     
    (Dollars in thousands, except per share data)   March 31,
    2025    		   December 31,
    2024    		   March 31,
    2024
    Assets            
    Cash and cash equivalents:            
    Cash and due from banks   $       52,194     $       42,689     $       41,443  
    Interest-earning deposits with banks             34,543               41,152             106,391  
    Total cash and cash equivalents             86,737               83,841             147,834  
    Investments:            
    Debt securities at fair value (amortized cost of $674,601, $685,766 and $749,561 respectively)           594,691             583,930             643,924  
    Equity securities at fair value               9,242                 9,665                 8,102  
    Total investment securities at fair value           603,933             593,595             652,026  
    Federal Home Loan Bank stock               4,932                 7,093                 2,482  
    Loans held for sale               1,069                    520                    400  
    Loans:            
    Total loans        4,049,642          3,982,898          3,654,322  
    Allowance for credit losses           (64,042 )           (63,498 )           (60,741 )
    Net loans        3,985,600          3,919,400          3,593,581  
    Premises and equipment, net             41,464               42,444               44,671  
    Lease right-of-use asset             23,946               24,126               24,645  
    Accrued interest receivable             21,782               20,553               20,501  
    Deferred income taxes, net             42,338               49,096               47,903  
    Bank-owned life insurance             67,927               67,421               65,878  
    Prepaid income taxes               4,099                 2,583                 5,771  
    Prepaid expenses and other assets             11,006               11,398               12,667  
    Goodwill               5,656                 5,656                 5,656  
    Total assets   $ 4,900,489     $ 4,827,726     $ 4,624,015  
    Liabilities and Shareholders‘ Equity            
    Liabilities            
    Deposits:            
    Customer deposits   $ 4,150,668     $ 4,187,698     $ 4,106,119  
    Brokered deposits           149,975                      —                      —  
    Total deposits        4,300,643          4,187,698          4,106,119  
    Borrowed funds             94,493             153,136               63,246  
    Subordinated debt             59,894               59,815               59,577  
    Lease liability             23,699               23,849               24,303  
    Accrued expenses and other liabilities             29,422               33,425               30,945  
    Accrued interest payable               6,983                 9,055                 6,386  
    Total liabilities        4,515,134          4,466,978          4,290,576  
    Commitments and Contingencies            
    Shareholders‘ Equity            
    Preferred stock, $0.01 par value per share; 1,000,000 shares authorized; no shares issued                    —                      —                      —  
    Common stock, $0.01 par value per share; 40,000,000 shares authorized; 12,510,019, 12,447,308 and 12,376,562 shares issued and outstanding, respectively.                  125                    124                    124  
    Additional paid-in capital           111,621             111,295             108,246  
    Retained earnings           335,568             328,243             306,943  
    Accumulated other comprehensive loss           (61,959 )           (78,914 )           (81,874 )
    Total shareholders’ equity           385,355             360,748             333,439  
    Total liabilities and shareholders’ equity   $ 4,900,489     $ 4,827,726     $ 4,624,015  
    ENTERPRISE BANCORP, INC.
    Consolidated Statements of Income
    (unaudited)
     
        Three months ended
    (Dollars in thousands, except per share data)   March 31,
    2025    		   December 31,
    2024    		   March 31,
    2024
    Interest and dividend income:            
    Other interest-earning assets   $               535     $               833     $            1,172
    Investment securities                  3,608                    3,881                    4,034
    Loans and loans held for sale                55,408                  54,528                  48,817
    Total interest and dividend income                59,551                  59,242                  54,023
    Interest expense:            
    Deposits                18,288                  19,488                  17,272
    Borrowed funds                  1,706                       394                       694
    Subordinated debt                     867                       867                       867
    Total interest expense                20,861                  20,749                  18,833
    Net interest income                38,690                  38,493                  35,190
    Provision for credit losses                     331                     (106 )                     622
    Net interest income after provision for credit losses                38,359                  38,599                  34,568
    Non-interest income:            
    Wealth management fees                  2,097                    2,043                    1,850
    Deposit and interchange fees                  2,157                    2,240                    2,069
    Income on bank-owned life insurance, net                     506                       522                       458
    Net gains on sales of loans                       47                         33                         22
    Net (losses) gains on equity securities                   (301 )                     (30 )                     465
    Other income                     682                       808                       631
    Total non-interest income                  5,188                    5,616                    5,495
    Non-interest expense:            
    Salaries and employee benefits                19,936                  19,276                  19,176
    Occupancy and equipment expenses                  2,582                    2,364                    2,459
    Technology and telecommunications expenses                  2,709                    2,687                    2,745
    Advertising and public relations expenses                     752                       609                       743
    Audit, legal and other professional fees                     541                       460                       734
    Deposit insurance premiums                     878                       950                       859
    Supplies and postage expenses                     229                       242                       237
    Merger-related expenses                     290                    1,137                         —
    Other operating expenses                  2,032                    2,117                    1,955
    Total non-interest expense                29,949                  29,842                  28,908
    Income before income taxes                13,598                  14,373                  11,155
    Provision for income taxes                  3,163                    3,646                    2,648
    Net income   $          10,435     $          10,727     $            8,507
                 
    Basic earnings per common share   $              0.84     $              0.86     $              0.69
    Diluted earnings per common share   $              0.84     $              0.86     $              0.69
                 
    Basic weighted average common shares outstanding         12,464,721           12,433,895           12,292,417
    Diluted weighted average common shares outstanding         12,495,458           12,460,063           12,304,203
    ENTERPRISE BANCORP, INC.
    Selected Consolidated Financial Data and Ratios
    (unaudited)
         
        At or for the three months ended
    (Dollars in thousands, except per share data)   March 31,
    2025    		   December 31,
    2024    		   September 30,
    2024    		   June 30,
    2024    		   March 31,
    2024
    Balance Sheet Data                    
    Total cash and cash equivalents   $        86,737     $        83,841     $        88,632     $      199,719     $      147,834  
    Total investment securities at fair value            603,933              593,595              631,975              636,838              652,026  
    Total loans         4,049,642           3,982,898           3,858,940           3,768,649           3,654,322  
    Allowance for credit losses           (64,042 )           (63,498 )           (63,654 )           (61,999 )           (60,741 )
    Total assets         4,900,489           4,827,726           4,742,809           4,773,681           4,624,015  
    Customer deposits         4,150,668           4,187,698           4,189,461           4,248,801           4,106,119  
    Brokered deposits            149,975                       —                       —                       —                       —  
    Borrowed funds              94,493              153,136                59,949                61,785                63,246  
    Subordinated debt              59,894                59,815                59,736                59,657                59,577  
    Total shareholders’ equity            385,355              360,748              368,109              340,441              333,439  
    Total liabilities and shareholders’ equity         4,900,489           4,827,726           4,742,809           4,773,681           4,624,015  
                         
    Wealth Management                    
    Wealth assets under management   $   1,214,050     $   1,230,014     $   1,212,076     $   1,129,147     $   1,105,036  
    Wealth assets under administration   $      297,233     $      305,930     $      302,891     $      267,529     $      268,074  
                         
    Shareholders’ Equity Ratios                    
    Book value per common share   $          30.80     $          28.98     $          29.62     $          27.40     $          26.94  
    Dividends paid per common share   $            0.25     $            0.24     $            0.24     $            0.24     $            0.24  
                         
    Regulatory Capital Ratios                    
    Total capital to risk weighted assets     13.06 %     13.06 %     13.07 %     13.07 %     13.20 %
    Tier 1 capital to risk weighted assets(1)     10.39 %     10.38 %     10.36 %     10.34 %     10.43 %
    Tier 1 capital to average assets     8.98 %     8.94 %     8.68 %     8.76 %     8.85 %
                         
    Credit Quality Data                    
    Non-performing loans   $        28,479     $        26,687     $        25,946     $        17,731     $        18,527  
    Non-performing loans to total loans     0.70 %     0.67 %     0.67 %     0.47 %     0.51 %
    Non-performing assets to total assets     0.58 %     0.55 %     0.55 %     0.37 %     0.40 %
    ACL for loans to total loans     1.58 %     1.59 %     1.65 %     1.65 %     1.66 %
    Net (recoveries) charge-offs   $          (424 )   $             221     $              (7 )   $          (130 )   $             122  
                         
    Income Statement Data                    
    Net interest income   $        38,690     $        38,493     $        38,020     $        36,161     $        35,190  
    Provision for credit losses                   331                  (106 )                1,332                     137                     622  
    Total non-interest income                5,188                  5,616                  6,140                  5,628                  5,495  
    Total non-interest expense              29,949                29,842                29,353                29,029                28,908  
    Income before income taxes              13,598                14,373                13,475                12,623                11,155  
    Provision for income taxes                3,163                  3,646                  3,488                  3,111                  2,648  
    Net income   $        10,435     $        10,727     $          9,987     $          9,512     $          8,507  
                         
    Income Statement Ratios                    
    Diluted earnings per common share   $            0.84     $            0.86     $            0.80     $            0.77     $            0.69  
    Return on average total assets     0.87 %     0.89 %     0.82 %     0.82 %     0.75 %
    Return on average shareholders’ equity     11.45 %     11.82 %     11.20 %     11.55 %     10.47 %
    Net interest margin (tax-equivalent)(2)     3.32 %     3.29 %     3.22 %     3.19 %     3.20 %
    (1) Ratio also represents common equity tier 1 capital to risk weighted assets as of the periods presented.
    (2) Tax-equivalent net interest margin is net interest income adjusted for the tax-equivalent effect associated with tax-exempt loan and investment income, expressed as a percentage of average interest-earning assets.
    ENTERPRISE BANCORP, INC.
    Consolidated Loan and Deposit Data
    (unaudited)
     
    Major classifications of loans at the dates indicated were as follows:
     
    (Dollars in thousands)   March 31,
    2025    		   December 31,
    2024    		   September 30,
    2024    		   June 30,
    2024    		   March 31,
    2024
    Commercial real estate owner-occupied   $      708,645     $      704,634     $      660,063     $      660,478     $      635,420  
    Commercial real estate non owner-occupied         1,629,394           1,563,201           1,579,827           1,544,386           1,524,174  
    Commercial and industrial            483,165              479,821              415,642              426,976              417,604  
    Commercial construction            664,936              679,969              674,434              622,094              583,711  
    Total commercial loans         3,486,140           3,427,625           3,329,966           3,253,934           3,160,909  
                         
    Residential mortgages            450,456              443,096              424,030              413,323              400,093  
    Home equity loans and lines            105,779              103,858                95,982                93,220                85,144  
    Consumer                7,267                  8,319                  8,962                  8,172                  8,176  
    Total retail loans            563,502              555,273              528,974              514,715              493,413  
    Total loans         4,049,642           3,982,898           3,858,940           3,768,649           3,654,322  
                         
    ACL for loans           (64,042 )           (63,498 )           (63,654 )           (61,999 )           (60,741 )
    Net loans   $   3,985,600     $   3,919,400     $   3,795,286     $   3,706,650     $   3,593,581  
    Deposits are summarized at the periods indicated were as follows:
     
    (Dollars in thousands)   March 31,
    2025    		   December 31,
    2024    		   September 30,
    2024    		   June 30,
    2024    		   March 31,
    2024
    Non-interest checking   $     1,028,326   $     1,077,998   $     1,064,424   $     1,041,771   $     1,038,887
    Interest-bearing checking              715,517              699,671              682,050              788,822              730,819
    Savings              284,960              270,367              279,824              294,566              285,090
    Money market           1,437,907           1,454,443           1,488,437           1,504,551           1,469,181
    CDs $250,000 or less              393,890              377,958              375,055              358,149              337,367
    CDs greater than $250,000              290,068              307,261              299,671              260,942              244,775
    Total customer deposits           4,150,668           4,187,698           4,189,461           4,248,801           4,106,119
    Brokered deposits              149,975                       —                       —                       —                       —
     Deposits   $     4,300,643   $     4,187,698   $     4,189,461   $     4,248,801   $     4,106,119
    ENTERPRISE BANCORP, INC.
    Consolidated Average Balance Sheets and Yields (tax-equivalent basis)
    (unaudited)
     
    The following table presents the Company’s average balance sheets, net interest income and average rates for the periods indicated:
     
        Three months ended March 31, 2025   Three months ended December 31, 2024   Three months ended March 31, 2024
    (Dollars in thousands)   Average
    Balance    		   Interest(1)   Average
    Yield(1)    		   Average
    Balance    		   Interest(1)   Average
    Yield(1)    		   Average
    Balance    		   Interest(1)   Average
    Yield(1)
    Assets:                                    
    Other interest-earning assets(2)   $            44,673   $           535   4.86 %   $            68,224   $           833   4.85 %   $            86,078   $         1,172   5.48 %
    Investment securities(3) (tax-equivalent)                689,138               3,705   2.15 %                704,629               3,985   2.26 %                763,692               4,157   2.18 %
    Loans and loans held for sale(4) (tax-equivalent)              4,015,667             55,555   5.60 %              3,911,386             54,673   5.56 %              3,608,157             48,960   5.46 %
    Total interest-earnings assets (tax-equivalent)              4,749,478             59,795   5.10 %              4,684,239             59,491   5.06 %              4,457,927             54,289   4.89 %
    Other assets                  98,003                        101,952                          91,794        
    Total assets   $        4,847,481           $        4,786,191           $        4,549,721        
                                         
    Liabilities and stockholders’ equity:                                    
    Non-interest checking   $        1,034,122                   —       $        1,106,823                   —       $        1,069,145                   —    
    Interest checking, savings and money market              2,405,722             10,332   1.74 %              2,471,854             11,728   1.89 %              2,418,947             11,356   1.89 %
    CDs                686,689               7,121   4.21 %                683,248               7,760   4.52 %                549,097               5,916   4.33 %
    Brokered deposits                  76,647                 835   4.42 %                        —                   —   — %                        —                   —   — %
    Total deposits              4,203,180             18,288   1.68 %              4,261,925             19,488   1.82 %              4,037,189             17,272   1.72 %
    Borrowed funds                154,911               1,706   4.47 %                  37,812                 394   4.15 %                  63,627                 694   4.38 %
    Subordinated debt(5)                  59,847                 867   5.79 %                  59,768                 867   5.80 %                  59,530                 867   5.82 %
    Total funding liabilities              4,417,938             20,861   1.91 %              4,359,505             20,749   1.89 %              4,160,346             18,833   1.82 %
    Other liabilities                  59,976                          65,720                          62,500        
    Total liabilities              4,477,914                      4,425,225                      4,222,846        
    Stockholders’ equity                369,567                        360,966                        326,875        
    Total liabilities and stockholders’ equity   $        4,847,481           $        4,786,191           $        4,549,721        
                                         
    Net interest-rate spread (tax-equivalent)           3.19 %           3.17 %           3.07 %
    Net interest income (tax-equivalent)                 38,934                     38,742                     35,456    
    Net interest margin (tax-equivalent)           3.32 %           3.29 %           3.20 %
    Less tax-equivalent adjustment                     244                         249                         266    
    Net interest income       $       38,690           $       38,493           $       35,190    
    Net interest margin           3.29 %           3.27 %           3.17 %
    (1) Average yields and interest income are presented on a tax-equivalent basis, calculated using a U.S. federal income tax rate of 21% for each period presented, based on tax-equivalent adjustments associated with tax-exempt loans and investments interest income.
    (2) Average other interest-earning assets include interest-earning deposits with banks, federal funds sold and Federal Home Loan Bank stock.
    (3) Average investment securities are presented at average amortized cost.
    (4) Average loans and loans held for sale are presented at average amortized cost and include non-accrual loans.
    (5) Subordinated debt is net of average deferred debt issuance costs.

    Contact Info: Joseph R. Lussier, Executive Vice President, Chief Financial Officer and Treasurer (978) 656-5578

    The MIL Network –

  • MIL-OSI USA: SPC Apr 17, 2025 1930 UTC Day 3 Severe Thunderstorm Outlook

    Source: US National Oceanic and Atmospheric Administration

    SPC AC 171907

    Day 3 Convective Outlook
    NWS Storm Prediction Center Norman OK
    0207 PM CDT Thu Apr 17 2025

    Valid 191200Z – 201200Z

    …THERE IS A SLIGHT RISK OF SEVERE THUNDERSTORMS FROM PARTS OF THE
    SOUTHERN PLAINS TOWARD THE OZARKS…

    …SUMMARY…
    Scattered strong to severe thunderstorms are possible from central
    Texas into the Ohio Valley on Saturday.

    …Synopsis…
    An upper trough will move eastward across Ontario and Quebec,
    deepening all the while. Meanwhile, a southern-stream low/trough
    will move from AZ/NM into the southern Plains. This system will take
    on a negative tilt into Sunday morning.

    At the surface, a front will stall from PA westward to the middle MS
    Valley, and southwestward into northwest TX. Upper 50s F to lower
    60s F dewpoints will be common along and south of this boundary,
    with the most substantial instability developing from west-central
    TX into OK. Winds around 850 mb will initially be out of the
    southwest across the entire warm sector, but backing and
    strengthening will occur over the southern Plains late as the upper
    trough approaches. At that time, a cold front will further increase
    lift over TX and OK.

    …From parts of OK across MO/IL/IN/OH/PA…
    Substantial rain and thunderstorms are likely to be ongoing early on
    Saturday north of the stationary front and aided by theta-e
    advection just off the surface with 30+ kt southwest 850 mb winds.
    While the low-level lapse rates will initially be poor, sufficient
    elevated instability combined with strong deep-layer shear may
    support marginal hail during the day. Indications are that heating
    will be most prominent from the central Appalachians into parts of
    the upper OH Valley and into PA, and a few diurnally driven cells
    may produce marginal hail over OH and PA.

    …TX/OK into the Ozarks…
    Scattered storms may redevelop from northern TX into OK during the
    day, as low-level moisture advection is maintained across the warm
    sector and north of the boundary. Lapse rates will likely be poor
    due to extensive clouds and persistent showers/storms.

    Later in the day, strong heating over southwest TX and lift near the
    cold front should allow for new development over west-central TX
    during the late afternoon, with increasing storm coverage as the
    low-level jet increases through the night. A few supercells may
    develop in this region, producing large hail. The front may tend to
    undercut the activity, but a brief tornado cannot be ruled out.
    Farther north, batches of elevated storms will spread out of TX and
    into OK, with both periodic hail and heavy rain threat (see WPC Day
    3 Excessive Rainfall Product).

    ..Jewell.. 04/17/2025

    CLICK TO GET WUUS03 PTSDY3 PRODUCT

    NOTE: THE NEXT DAY 3 OUTLOOK IS SCHEDULED BY 0730Z

    MIL OSI USA News –

  • MIL-OSI USA: SPC Apr 17, 2025 1730 UTC Day 2 Convective Outlook

    Source: US National Oceanic and Atmospheric Administration

    SPC AC 171730

    Day 2 Convective Outlook
    NWS Storm Prediction Center Norman OK
    1230 PM CDT Thu Apr 17 2025

    Valid 181200Z – 191200Z

    …THERE IS A SLIGHT RISK OF SEVERE THUNDERSTORMS FROM PARTS OF THE
    SOUTHERN PLAINS NORTHEASTWARD TOWARD THE UPPER GREAT LAKES…

    …SUMMARY…
    Scattered severe thunderstorms are possible from parts of the
    southern Plains northeastward toward the upper Great Lakes from late
    Friday afternoon into early Saturday morning. Large hail and
    isolated severe gusts will be the main hazards.

    …Synopsis…
    A broad belt of strong southwest winds aloft will stretch from Baja
    CA to the Great Lakes, with an upper trough extending from Manitoba
    into the Great Basin. Meanwhile, upper ridging will occur over the
    eastern states, with a high over the Gulf Of America.

    At the surface, a large area of high pressure will exist over the
    east, with southeast flow around the high bringing moisture off the
    Gulf and into southern Plains and Midwest. This moistening will
    occur ahead of a cold front, stretching roughly from southern WI
    into central MO and OK at 00Z. This front will gradually progress
    south and east, and will be the primary focus for scattered severe
    storms on Friday.

    …Lower MO Valley into OK and TX…
    Strong surface heating will occur over TX and into western OK Friday
    afternoon, as mid 60s F dewpoints surge northward toward the
    approaching cold front. This front will be near I-40 at 00Z, with
    clusters of severe storms likely developing in the heated air from
    western OK into northwest TX. MLCAPE over 2500 J/kg is possible, and
    wind profiles south of the cold front will favor supercells. Initial
    development may produce a couple tornadoes prior to the cold front
    undercutting the storms as they progress east/northeastward across
    OK. Very large hail will be possible on both side of the front as
    hodographs will be elongated and primarily front-parallel.

    Farther northeast into KS and MO, additional lift via warm advection
    late in the day and into the evening will also support clusters of
    severe storms, possibly elevated but also with hail and localized
    wind potential.

    …Upper Great Lakes southward into the mid MO Valley…
    Strong warm advection will result in elevated thunderstorms by
    midday over parts of WI and into northern/Upper MI, with sufficient
    instability to support an elevated marginal hail risk. Farther
    south, late afternoon development is likely along the front from
    southern WI to the IA/IL border area and into MO, aided by daytime
    heating. Though capped, lift along the boundary should instigate
    scattered cells near 00Z, with isolated supercells tracking across
    IL, IN, and perhaps southern MI and northwest OH. Winds just off the
    surface will be quite strong at over 50 kt, aiding wind gusts. A
    brief tornado cannot be ruled out across this region, and scattered
    hail is likely as well.

    ..Jewell.. 04/17/2025

    CLICK TO GET WUUS02 PTSDY2 PRODUCT

    NOTE: THE NEXT DAY 2 OUTLOOK IS SCHEDULED BY 0600Z

    MIL OSI USA News –

  • MIL-OSI USA: SPC MD 459

    Source: US National Oceanic and Atmospheric Administration

    Mesoscale Discussion 0459
    NWS Storm Prediction Center Norman OK
    0253 PM CDT Thu Apr 17 2025

    Areas affected…parts of ern NE into wrn IA

    Concerning…Severe potential…Watch likely

    Valid 171953Z – 172200Z

    Probability of Watch Issuance…80 percent

    SUMMARY…The initiation of strong to severe thunderstorms,
    including supercells posing a risk for large, potentially damaging,
    hail may increase by 5-7 PM CDT, if not a bit earlier. It is
    possible that the potential for a tornado or two could increase
    near/north and east of the Greater Omaha area later this evening.

    DISCUSSION…Trailing the surface low, which is now migrating north
    of the Redwood Falls MN vicinity, a surface cold front is
    maintaining a southward advancement into/across the Sioux
    Falls/Sioux City areas, Norfolk NE and the Grand
    Island/Kearney/Hasting NE vicinities. Substantive boundary-layer
    warming and moistening (including surface dew points near 60F)
    continues in a narrow corridor ahead of this feature, where
    mixed-layer CAPE may continue to increase up to around 2000 J/kg
    within the next few hours, beneath a warm and capping elevated
    mixed-layer area.

    Models continue to suggest that mid-level forcing for ascent
    associated with a weak short wave perturbation may increasingly
    contribute to subtle mid-level height falls and erosion of the
    lower/mid-tropospheric inhibition as far south as the Lincoln and
    Omaha NE vicinities by 22-00Z. As this occurs, potential for the
    initiation of thunderstorm activity will increase, both along and
    ahead of the cold front. Although there may be a tendency for
    convection to become undercut by the front, convection allowing
    model output suggests that forcing associated with pre-frontal warm
    advection may maintain at least one or two sustained storms,
    propagating to the right of the 30-40 kt west-southwesterly mean
    flow.

    As long as this occurs, it appears that the environment may become
    conducive to supercells capable of produce swaths of large hail, at
    least occasionally in excess of 2 inches in diameter. Low-level
    flow and shear are initially weak, but strengthening toward early
    evening might result in an increase in potential for a tornado
    near/north and east of Greater Omaha.

    ..Kerr/Smith.. 04/17/2025

    …Please see www.spc.noaa.gov for graphic product…

    ATTN…WFO…DMX…FSD…OAX…GID…

    LAT…LON 41179772 41769755 42469675 42579490 41059573 40719646
    40809718 41179772

    MOST PROBABLE PEAK TORNADO INTENSITY…UP TO 95 MPH
    MOST PROBABLE PEAK WIND GUST…65-80 MPH
    MOST PROBABLE PEAK HAIL SIZE…2.00-3.50 IN

    MIL OSI USA News –

  • MIL-OSI USA: SPC Severe Thunderstorm Watch 140

    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 140
    NWS Storm Prediction Center Norman OK
    345 PM CDT Thu Apr 17 2025

    The NWS Storm Prediction Center has issued a

    * Severe Thunderstorm Watch for portions of
    Northwest and Northern Iowa
    Southern and Southeast Minnesota
    Far Northeast Nebraska
    West-Central Wisconsin

    * Effective this Thursday afternoon and evening from 345 PM until
    1000 PM CDT.

    * Primary threats include…
    Scattered large hail and isolated very large hail events to 2
    inches in diameter possible
    Scattered damaging wind gusts to 70 mph possible

    SUMMARY…Scattered thunderstorms are forecast to develop and
    intensify through the early evening across the Watch area. The
    stronger storms will be capable of a threat for large to very large
    hail (1 to 2 inches in diameter) and damaging gusts. Upscale growth
    into a linear cluster is possible this evening across southern
    Minnesota as this activity moves east towards the Mississippi River.

    The severe thunderstorm watch area is approximately along and 65
    statute miles east and west of a line from 25 miles northeast of
    Minneapolis MN to 30 miles south southwest of Storm Lake IA. 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.

    &&

    AVIATION…A few severe thunderstorms with hail surface and aloft to
    2 inches. Extreme turbulence and surface wind gusts to 60 knots. A
    few cumulonimbi with maximum tops to 450. Mean storm motion vector
    25030.

    …Smith

    Note: The Aviation Watch (SAW) product is an approximation to the watch area. The actual watch is depicted by the shaded areas.
    SAW0
    WW 140 SEVERE TSTM IA MN NE WI 172045Z – 180300Z
    AXIS..65 STATUTE MILES EAST AND WEST OF LINE..
    25NE MSP/MINNEAPOLIS MN/ – 30SSW SLB/STORM LAKE IA/
    ..AVIATION COORDS.. 55NM E/W /22NE MSP – 57WSW FOD/
    HAIL SURFACE AND ALOFT..2 INCHES. WIND GUSTS..60 KNOTS.
    MAX TOPS TO 450. MEAN STORM MOTION VECTOR 25030.

    LAT…LON 45139152 42199418 42199672 45139419

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

    Watch 140 Status Report Message has not been issued yet.

    Note:  Click for Complete Product Text.Tornadoes

    Probability of 2 or more tornadoes

    Low (10%)

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

    Low ( 65 knots

    Low (20%)

    Hail

    Probability of 10 or more severe hail events

    Mod (50%)

    Probability of 1 or more hailstones > 2 inches

    Mod (50%)

    Combined Severe Hail/Wind

    Probability of 6 or more combined severe hail/wind events

    High (80%)

    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 –

  • MIL-OSI USA: Secretary of State Hoskins Identifies Top 5 Threats to Missouri Investors

    Source: US State of Missouri

     

     

    Secretary of State Hoskins Identifies Top 5 Threats to Missouri Investors

    From the Missouri Securities Division, a division of Missouri Secretary of State Denny Hoskins’ Office

    1. Scams Involving Digital Assets and Cryptocurrency

    Scammers often use Facebook, Telegram, WhatsApp, TikTok, YouTube, Instagram and other social media apps to find victims. Be cautious if someone asks you to cash out a retirement account like a 401(k) or to move money from an investment account into some sort of crypto platform. Always check the person’s background and qualifications before investing. If they hesitate to share that information, that’s a red flag. Walk away.

    2. Unregistered Promissory Notes

    Securities must be either registered or legally exempt—and so must the people selling them. Scammers often build trust and then ask for money. No friendship should require an investment. If it does, it’s likely a scam.

    3. Risky Real Estate Investments

    Real estate investment scams are on the rise. Scammers may try to sell you a share in a company that plans to buy and fix up distressed property for big profits. In many cases, the property is worthless, and investors lose most of their money. Always ask for a prospectus and read all disclosure documents before investing. Never invest more than you can afford to lose—there’s no such thing as a risk-free investment.

    4. Gold, Silver and Other Precious Metals

    Precious metals can help diversify your portfolio, but scammers use fear and pressure to convince people to invest too much in them. These investments may have hidden fees or be hard to sell. Some buyers have found it would take years to recover what they lost—time that older investors may not have.

    5. AI-Generated Testimonials

    Many online celebrity endorsements and reviews are fake and made using artificial intelligence. Whether real or not, a testimonial is never a reliable way to judge an investment. Always talk to a registered investment adviser. (You can check registrations on the Missouri Securities Commission website!) Don’t invest just because someone famous—or even a friend—recommended it.

    Stay alert when it comes to your finances. If someone asks for your investment, you can check their background by calling the Missouri Investor Protection Hotline at 1-800-721-7996.

    The Missouri Securities Division, a division of Missouri Secretary of State Denny Hoskins’ Office, is here to help protect your hard-earned money.

    About the Missouri Securities Division

    The Missouri Securities Division, a division of the Missouri Secretary of State’s Office, is responsible for protecting Missouri investors and ensuring fair and transparent securities markets. Under the authority of the Missouri Securities Act of 2003, the Division regulates the offer and sale of securities and the licensing of broker-dealers, agents, investment advisers, and investment adviser representatives.

    The Division investigates allegations of securities fraud and unregistered activity, brings enforcement actions against violators, and provides investor education resources to help Missourians make informed financial decisions. Through proactive oversight and enforcement, the Securities Division plays a critical role in promoting public trust and financial integrity in Missouri’s investment landscape. The Division is led by Commissioner Michael O’Donnell.

     

    About the Missouri Secretary of State’s Office

    The Missouri Secretary of State’s Office serves as a central hub for key state functions that promote transparency, security, and opportunity for all Missourians. The Office oversees the administration of fair and secure elections, registers and supports businesses, maintains and preserves state records through the State Archives, and ensures public access to government rulemaking via the Administrative Rules Division.

    Additionally, the Office protects investors through the Securities Division, supports libraries and literacy programs across the state, and administers the Safe at Home address confidentiality program for survivors of abuse and assault. With a commitment to service, accountability, and civic engagement, the Secretary of State’s Office works every day to strengthen Missouri’s government and communities.

     

    About Secretary of State Denny Hoskins

    Denny Hoskins, CPA, was elected Missouri’s 41st Secretary of State in November 2024. With a strong background in business and public service, he is committed to improving government efficiency, transparency, and supporting Missouri families. Hoskins previously served as a legislator in both the state Senate and House. He and his wife, Michelle, reside in Warrensburg and have five adult children.

    MIL OSI USA News –

  • MIL-OSI: Goosehead Insurance Appoints Bill Wade to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    WESTLAKE, Texas, April 17, 2025 (GLOBE NEWSWIRE) — Goosehead Insurance (NASDAQ: GSHD), a leader in personal lines insurance distribution, is proud to announce the appointment of Bill Wade to its Board of Directors. Wade, with over 25 years of experience as a senior partner and consultant at Bain & Company, brings deep expertise in leveraging emerging technologies, particularly artificial intelligence (AI), to fuel innovation, operational efficiency, and transformational growth.

    Throughout his career, Wade has been at the forefront of integrating digital strategies to help companies and private equity firms optimize performance and achieve scalable, tech-enabled growth. His work includes implementing AI-powered analytics, driving digital transformation, and designing agile operating models that deliver extraordinary results. Wade’s forward-thinking approach positions him as an ideal partner for Goosehead’s aggressive technology-driven expansion.

    “We are thrilled to welcome Bill to our Board,” said Mark E. Jones, Co-Founder and Executive Chairman of Goosehead Insurance. “Bill’s proven success in leveraging technology to drive transformational growth is exactly what we need as we aggressively invest to win the tech race in the insurance industry. Technology is the battleground, and we already have a substantial lead—our goal is to extend it and secure our place as the top distributor of personal lines insurance in the U.S. in my lifetime. Bill’s expertise, vision, and strong existing relationships with several board members make him an invaluable addition to our team.”

    “Bill’s addition to our Board is a pivotal moment in our journey to transform the insurance industry through bold innovation and cutting-edge technology,” said Mark Miller, CEO of Goosehead Insurance. “With his expertise in AI and digital transformation, we are positioned to break new ground, elevate client experiences, and strengthen our leadership in the industry. Together, we’ll push boundaries and turn ambitious goals into measurable achievements.”

    Wade holds an MBA from Harvard Business School, where he was a Baker Scholar and Siebel Scholar, and bachelor’s and master’s degrees in accountancy from Brigham Young University.

    “Goosehead has already disrupted the personal lines insurance space with its client-first, tech-driven approach,” said Wade. “The company’s commitment to AI and advanced technology solutions creates a unique opportunity to redefine scalability and client value in the industry. I’m thrilled to join the Board and contribute to shaping the next chapter of Goosehead’s growth.”

    Founded in 2003, Goosehead Insurance has prioritized innovation with technology and human capital, becoming a leader in personal lines insurance. This focus aligns perfectly with Wade’s expertise.

    About Goosehead

    Goosehead (NASDAQ: GSHD) is a rapidly growing and innovative independent personal lines insurance agency that distributes its products and services through corporate and franchise locations throughout the United States. Goosehead was founded on the premise that the consumer should be at the center of our universe and that everything we do should be directed at providing extraordinary value by offering broad product choice and a world-class service experience. Goosehead represents over 200 insurance companies that underwrite personal and commercial lines. For more information, please visit goosehead.com or goosehead.com/become-a-franchisee.

    Forward-Looking Statements

    This press release may contain various “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, which represent Goosehead’s expectations or beliefs concerning future events. Forward-looking statements are statements other than historical facts and may include statements that address future operating, financial or business performance or Goosehead’s strategies or expectations. In some cases, you can identify these statements by forward-looking words such as “may”, “might”, “will”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “projects”, “potential”, “outlook” or “continue”, or the negative of these terms or other comparable terminology. Forward-looking statements are based on management’s current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements.

    Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include, but are not limited to, conditions impacting insurance carriers or other parties with which Goosehead does business, the loss of one or more key executives or an inability to attract and retain qualified personnel and the failure to attract and retain highly qualified franchisees. These risks and uncertainties also include, but are not limited to, those described under the captions “1A. Risk Factors” in Goosehead’s Annual Report on Form 10-K for the year ended December 31, 2024 and in Goosehead’s other filings with the SEC, which are available free of charge on the Securities Exchange Commission’s website at: www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All forward-looking statements and all subsequent written and oral forward-looking statements attributable to Goosehead or to persons acting on behalf of Goosehead are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and Goosehead does not undertake any obligation to update them in light of new information, future developments or otherwise, except as may be required under applicable law.

    Contacts
    Investor Contact:
    Dan Farrell
    Goosehead Insurance – VP Capital Markets
    Phone: (214) 838-5290
    Email: dan.farrell@goosehead.com; IR@goosehead.com 

    PR Contact:
    Mission North for Goosehead Insurance
    Email: goosehead@missionnorth.com; PR@goosehead.com

    The MIL Network –

  • MIL-OSI USA: Army Wickr: secure communications for mission success

    Source: United States Army

    WASHINGTON —The U.S. Army Office of the Chief Information Officer’s Enterprise Cloud Management Agency announced that Army Enterprise Wickr is now available to a wider audience, and that ECMA is now broadly accepting new user requests and is prioritizing requirements and mission needs.

    The Army faces a critical juncture in its tactical messaging and collaboration capabilities. End users need an easy-to-use, lightweight and secure platform for seamless communications to support joint, multinational and interagency interoperability during exercises and operations. Without these capabilities, users often choose unauthorized consumer applications for operational communications – applications that present substantial security and compliance risks and are often in volitation of Army and DoD policy.

    Army Wickr is an accredited, FedRAMP high, DoD IL5-authorized, cloud-native messaging and collaboration solution. It is managed and governed by ECMA in the cArmy landing zone and has been used in various pilot programs service-wide. Army Wickr retains operational security during planned exercises and emerging operations, and delivers end-to-end encryption for file sharing, video, chat, text and voice communications. The application provides enterprise-level data retention and administrative controls needed to meet recordkeeping requirements, manages user and device data remotely, and includes federation capabilities between networks.

    The platform also seamlessly integrates with the Android Tactical Assault Kit, a geospatial infrastructure and situational awareness application that provides a real-time common operating picture of people and assets within a map-based view.

    A key core capability inherent to the Army Wickr capability has been Wickr bot integrations. Wickr Bots are containerized code that provide agentic workflows to support customized activities. Currently, Army Wickr has deployed on-demand translation, data retention and broadcast bots to support various use cases. On the roadmap, ECMA is looking to integrate Army Wickr with enterprise cross-domain solution and cross-platform chat for interoperability with Army Vantage, Army Intelligence Data Platform, and MSS, and deployment of a custom bot for chat with generative artificial intelligence/ large language models.

    Army Wickr has been effective in supporting interagency collaborations, multinational exercises and warfighting efforts, including Hurricane Helene, U.S. southern border support operations, and Dark Horizon in Japan.

    ECMA continues to onboard new user requests on a rolling basis, contingent on mission priority. Organizations interested in implementing Army Wickr into their communications PACE plan can start onboarding users by sending a list of names and emails to usarmy.ecma.mbx.wickr-ops@army.mil.

    Learn more about ECMA here.

    MIL OSI USA News –

  • MIL-OSI: ABC arbitrage: Release of the annual financial report as of 31 December 2024

    Source: GlobeNewswire (MIL-OSI)

    ABC arbitrage

    Release of the annual financial report as of 31 December 2024

    ABC arbitrage announces today that it has made available to the public and filed with the “Autorité des Marchés Financiers” (AMF) its annual financial report as of 31 December 2024. 

    This document includes the following parts:

    • The management report including the corporate governance report;
    • The consolidated financial statements as of 31 December 2024;
    • The statutory auditors’ report on the consolidated financial statements;
    • The statutory financial statements as of 31 December 2024;
    • The statutory auditors’ report on the statutory financial statements;
    • The report on the non-financial information provided on a voluntary basis;
    • The certification by the person responsible for the annual financial report.

    The annual financial report can be consulted on the Group website at: abc-arbitrage.com, in the “Shareholders” page, heading Financial information / Financial reports.

    Contacts : abc-arbitrage.com
    Relations actionnaires : actionnaires@abc-arbitrage.com
    Relations presse: VERBATEE / v.sabineu@verbatee.com    		 EURONEXT Paris – Compartiment B
    ISIN : FR0004040608
    Reuters  BITI.PA / Bloomberg ABCA FP

    Attachment

    The MIL Network –