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Category: Machine Learning

  • MIL-OSI USA: Old Missions, New Discoveries: NASA’s Data Archives Accelerate Science

    Source: NASA

    Every NASA mission represents a leap into the unknown, collecting data that pushes the boundaries of human understanding. But the story doesn’t end when the mission concludes. The data carefully preserved in NASA’s archives often finds new purpose decades later, unlocking discoveries that continue to benefit science, technology, and society.
    “NASA’s science data is one of our most valuable legacies,” said Kevin Murphy, NASA’s chief science data officer at NASA Headquarters in Washington. “It carries the stories of our missions, the insights of our discoveries, and the potential for future breakthroughs.”

    NASA’s science data is one of our most valuable legacies.

    Kevin Murphy
    Chief Science Data Officer, NASA Science Mission Directorate

    NASA’s Science Mission Directorate manages an immense amount of data, spanning astrophysics, biological and physical sciences, Earth science, heliophysics, and planetary science. Currently, NASA’s science data holdings exceed 100 petabytes—enough to store 20 billion photos from the average modern smartphone. This volume is expected to grow significantly with new missions.
    This vast amount of data enables new discoveries, connecting scientific observations together in meaningful ways. Over 50% of scientific publications rely on archived data, which NASA provides to millions of commercial, government, and scientific users.

    Managing and stewarding such massive volumes of information requires careful planning, robust infrastructure, and innovative strategies to ensure the data is accessible, secure, and sustainable. Continued support for data storage and cutting-edge technology is key to ensuring future generations of researchers can continue to explore using science data from NASA missions. 
    Modern technology, such as image processing and artificial intelligence, helps unlock new insights from previous observations. For example, in 1986, NASA’s Voyager 2 spacecraft conducted a historic flyby of Uranus, capturing detailed data on the planet and its environment. Decades later, in the early 2000s, scientists used advanced image processing techniques on this archival data to discover two small moons, Perdita and Cupid, which had gone unnoticed during the initial analysis.
    In 2024, researchers revisited this 38-year-old archival data and identified a critical solar wind event that compressed Uranus’s magnetosphere just before the Voyager 2 flyby. This rare event, happening only about four percent of the time, provided unique insights into Uranus’s magnetic field and its interaction with space weather.

    NASA’s Lunar Reconnaissance Orbiter (LRO), launched in 2009, continues to provide data that reshapes our understanding of the Moon. In 2018, scientists analyzing the LRO’s archival data confirmed the presence of water ice in permanently shadowed regions at the Moon’s poles. 
    In 2024, new studies out of NASA’s Goddard Space Flight Center in Greenbelt, Maryland, showed widespread evidence of water ice within the permanently shadowed regions outside the lunar South Pole, further aiding lunar mission planners. This discovery not only holds implications for lunar exploration but also demonstrates how existing data can yield groundbreaking insights.

    NASA’s data archives uncover the secrets of our own planet as well as others. In 2024, archaeologists published a study revealing a “lost” Mayan city in Campeche, Mexico that was previously unknown to the scientific community. The researchers identified the city in archival airborne Earth science data, including a 2013 dataset from NASA Goddard’s LiDAR Hyperspectral & Thermal Imager (G-LiHT) mission.
    The Harmonized Landsat and Sentinel-2 (HLS) project provides frequent high-resolution observations of Earth’s surface. Data from HLS has been instrumental in tracking urban growth over time. By analyzing changes in land cover, researchers have used HLS to monitor the expansion of cities and infrastructure development. For example, in rapidly growing metropolitan areas, HLS data has revealed patterns of urban sprawl, helping planners analyze past trends to predict future metropolitan expansion.

    These discoveries represent only a fraction of what’s possible. NASA is investing in new technologies to harness the full potential of its data archives, including artificial intelligence (AI) foundation models—open-source AI tools designed to extract new findings from existing science data.
    “Our vision is to develop at least one AI model for each NASA scientific discipline, turning decades of legacy data into a treasure trove of discovery,” said Murphy. “By embedding NASA expertise into these tools, we ensure that our scientific data continues to drive innovation across science, industry, and society for generations to come.”
    Developed under a collaboration between NASA’s Office of the Chief Science Data Officer, IBM, and universities, these AI models are scientifically validated and adaptable to new datasets, making them invaluable for researchers and industries alike.
    “It’s like having a virtual assistant that leverages decades of NASA’s knowledge to make smarter, quicker decisions,” said Murphy.

    The team’s Earth science foundation models—the Prithvi Geospatial model and Prithvi Weather model—analyze vast datasets to monitor Earth’s changing landscape, track weather patterns, and support critical decision-making processes.
    Building on this success, the team is now developing a foundation model for heliophysics. This model will unlock new insights about the dynamics of solar activity and space weather, which can affect satellite operations, communication systems, and even power grids on Earth. Additionally, a model designed for the Moon is in progress, aiming to enhance our understanding of lunar resources and environments.
    This investment in AI not only shortens the “data-to-discovery” timeline but also ensures that NASA’s data archives continue to drive innovation. From uncovering new planets to informing future exploration and supporting industries on Earth, the possibilities are boundless.
    By maintaining extensive archives and embracing cutting-edge technologies, the agency ensures that the data collected today will continue to inspire and inform discoveries far into the future. In doing so, NASA’s legacy science data truly remains the gift that keeps on giving.
    By Amanda Moon AdamsCommunications Lead for the Office of the Chief Science Data Officer

    MIL OSI USA News –

    April 1, 2025

  • MIL-OSI USA: Career Spotlight: Technologist (Ages 14-18)

    Source: NASA

    Technologists are professionals who research, develop, and test emerging technologies. They also find useful ways to put new technologies to work. A technologist is an expert in a specific type of technology, often within a specific field. Many industries rely on innovations developed by technologists. Some of these include aerospace, research, manufacturing, healthcare, and information technology.
    NASA technologists make use of technological advancements to improve NASA’s capabilities and better meet the needs of its missions. They also oversee how technologies developed by NASA can improve life on Earth through commercial products. These products are called spinoffs. For examples of how NASA shows up in your everyday life, visit: https://spinoff.nasa.gov.

    Instrument scientist: Works to improve or develop instruments that collect data. In aerospace, an instrument is a sensor or other device that takes measurements or gathers scientific information. This role may include working with other specialties to design, create, and test scientific instruments.
    Data scientist: Uses computer science to create tools that manage data. Some of the tasks a data scientist might perform include developing predictive models, machine learning algorithms, or software to extract useful information from large sets of data.
    Information technology (IT) specialist: Designs, maintains, implements, and protects IT systems across the agency. Develops software, manages IT projects, and develops applications to support both organizational and mission operations.

    There are many different types of careers in technology, and the requirements vary. While you’re in high school, explore the possibilities and learn about the specialties and roles that will fit your interests. Then, investigate the academic path and experience you’ll need to eventually be hired into those roles. Current job openings, guidance counselors, and mentors can shed light on the types of certifications or degrees required. With this information, you can begin planning for the skills and education you’ll need.
    It’s important to remember that technology is always advancing. Even after you’ve launched your technologist career, a “lifelong learning” mindset will help you keep up with new innovations and skills.

    Start growing your technology skills today with hands-on activities created by NASA STEM. Looking for something more involved? Many of NASA’s student challenges, competitions, and activities offer authentic experience in aerospace technology, computer science, and more.
    Students aged 16 and up who are U.S. citizens are eligible to apply for a paid NASA internship. Interns work on real projects with the guidance of a NASA mentor. Internship sessions are held each year in spring, summer, and fall; visit NASA’s Internships website to learn about important deadlines and current opportunities.

    “Think about your personal interests and passions, and also the impact you’d like your work to have. What do you feel personally interested in when it comes to science and technology? Is there a problem that you think is very important for our society to solve? Often there is a research or technology field that can combine those two things!” – Olivia Tyrrell, NASA research engineer

    Olivia Tyrrell
    NASA Research Engineer

    “If you like to create things or find solutions to problems, working in technology is a great choice. Scientists identify problems, engineers solve problems, but ultimately, we need to create new technologies, new things, new gadgets.  Technologists are building the next generation toolbox for engineers and scientists to pull from, enabling everyone to solve problems in more effective and innovative ways. (Technologists invent things… what’s cooler than that?!)” – Kristen John, technical integration manager for lunar dust mitigation

    NASA Data Science, Cybersecurity, and IT Careers
    NASA Space Technology
    Technology | NASA+

    MIL OSI USA News –

    April 1, 2025

  • MIL-OSI USA: NASA Awards Astrophysics Postdoctoral Fellowships for 2025

    Source: NASA

    The highly competitive NASA Hubble Fellowship Program (NHFP) recently named 24 new fellows to its 2025 class. The NHFP fosters excellence and leadership in astrophysics by supporting exceptionally promising and innovative early-career astrophysicists. Over 650 applicants vied for the 2025 fellowships. Each fellowship provides the awardee up to three years of support at a U.S. institution.
    Once selected, fellows are named to one of three sub-categories corresponding to three broad scientific questions that NASA seeks to answer about the universe:
    How does the universe work? – Einstein Fellows
    How did we get here? – Hubble Fellows
    Are we alone? – Sagan Fellows
    “The 2025 class of the NASA Hubble Fellowship Program is comprised of outstanding NASA Astrophysics researchers,” said Shawn Domagal-Goldman, acting director of the Astrophysics Division at NASA Headquarters in Washington. “This class of competitively-selected fellows will inspire future generations through the products of their research, and by sharing the results of that work with the public. Their efforts will help NASA continue its worldwide leadership in space-based astrophysics research.”

    The list below provides the names of the 2025 awardees, their fellowship host institutions, and their proposed research topics.
    The 2025 NHFP Einstein Fellows are:

    Shi-Fan Chen, Columbia University, Galaxies, Shapes and Weak Lensing in the Effective Field Theory of Large-Scale Structure
    Nicolas Garavito Camargo, University of Maryland, College Park, Local Group Galaxies in Disequilibrium; Building New Frameworks to Constrain the Nature of Dark Matter
    Jason Hinkle, University of Illinois, Urbana-Champaign, Nuclear Transients in the Golden Era of Time-Domain Astronomy
    Itai Linial, New York University, Repeating Nuclear Transients – Probes of Supermassive Black Holes and Their Environments
    Kenzie Nimmo, Northwestern University, From Glimmering Jewels to Cosmic Ubiquity: Unraveling the Origins of FRBs
    Massimo Pascale, University of California, Los Angeles, The Universe Seen Through Strong Gravitational Lensing
    Elia Pizzati, Harvard University, The Missing Link: Connecting Black Hole Growth and Quasar Light Curves in the Young Universe
    Jillian Rastinejad, University of Maryland, College Park, Illuminating the Explosive Origins of the Heavy Elements
    Aaron Tohuvavohu, California Institute of Technology, Ultraviolet Space Telescopes for the new era of Time Domain and Multi-Messenger Astronomy

    The 2025 NHFP Hubble Fellows are:

    Aliza Beverage, Carnegie Observatories, Revealing Massive Galaxies Formation Using Chemical Abundances
    Anna de Graaff, Harvard University, Early giants in context: How could galaxies in the first billion years grow so rapidly?
    Karia Dibert, California Institute of Technology, Superconducting on-chip spectrometers for high-redshift astrophysics and cosmology
    Emily Griffith, University of Colorado, Boulder, Beyond Mg and Fe: Exploring Detailed Nucleosynthetic Patterns
    Viraj Karambelkar, Columbia University, The Anthropology of Merging Stars
    Lindsey Kwok, Northwestern University, Determining the Astrophysical Origins of White-Dwarf Supernovae with JWST Infrared Spectroscopy
    Abigail Lee, University of California, Berkeley, AGB Stars in the Era of NIR Astronomy: New Probes of Cosmology and Galaxy Evolution
    Aaron Pearlman, Massachusetts Institute of Technology, Pinpointing the Origins of Fast Radio Bursts and Tracing Baryons in the Cosmic Web
    Dominick Rowan, University of California, Berkeley, Fundamental Stellar Parameters Across the Hertzsprung-Russell Diagram
    Nicholas Rui, Princeton University, A seismic atlas of the stellar merger sky
    Nadine Soliman, Institute for Advanced Study, Micro Foundations, Macro Realities: Modeling the Multi-scale Physics Shaping Planets, Stars and Galaxies
    Bingjie Wang, Princeton University, Inference at the Edge of the Universe

    The 2025 NHFP Sagan Fellows are:

    Kyle Franson, University of California, Santa Cruz, Mapping the Formation, Migration, and Thermal Evolution of Giant Planets with Direct Imaging and Astrometry
    Caprice Phillips, University of California, Santa Cruz, Aging in the Cosmos: JWST Insights into the Evolution of Brown Dwarf Atmospheres and Clouds
    Keming Zhang, Institute for Advanced Study, Understanding the Origin and Abundance of Free-Floating Planets via Microlensing and Machine Learning

    The class of 2025 NHFP Fellows are shown in this photo montage (left to right, top to bottom): The Einstein Fellows (seen in the blue hexagons) are: Shi-Fan Chen, Nicolas Garavito Camargo, Jason Hinkle, Itai Linial, Kenzie Nimmo, Massimo Pascale, Elia Pizzati, Jillian Rastinejad and Aaron Tohuvavohu.
    The Hubble Fellows (seen in the red hexagons) are: Aliza Beverage, Anna de Graaff, Karia Dilbert, Emily Griffith, Viraj Karambelkar, Lindsey Kwok, Abigail Lee, Aaron Pearlman, Dominick Rowan, Nicholas Rui, Nadine Soliman, Bingjie Wang.
    The Sagan Fellows (seen in green hexagons) are: Kyle Franson, Caprice Phillips, and Keming Zhang.
    For short bios and photos, please visit the link at the end of the article.
    An important part of the NHFP is the annual Symposium, which allows Fellows the opportunity to present results of their research, and to meet each other and the scientific and administrative staff who manage the program. The 2024 symposium was held at the NASA Exoplanet Science Institute (NExScI) in Pasadena, California. Science topics ranged through exoplanets, gravitational waves, fast radio bursts, cosmology and more. Non-science sessions included discussions about career paths and developing mentorship skills, as well as an open mic highlighting an array of talents other than astrophysics.
    The Space Telescope Science Institute in Baltimore, Maryland, administers the NHFP on behalf of NASA, in collaboration with the Chandra X-ray Center at the Smithsonian Astrophysical Observatory in Cambridge, Massachusetts, and the NASA Exoplanet Science Institute and the Jet Propulsion Laboratory, in Pasadena, California.
    Short bios and photos of the 2025 NHFP Fellows can be found at:https://www.stsci.edu/stsci-research/fellowships/nasa-hubble-fellowship-program/2025-nhfp-fellows

    MIL OSI USA News –

    April 1, 2025

  • MIL-OSI USA: FEMA Mitigation Experts Offer Rebuilding Advice in Lee County

    Source: US Federal Emergency Management Agency

    Headline: FEMA Mitigation Experts Offer Rebuilding Advice in Lee County

    FEMA Mitigation Experts Offer Rebuilding Advice in Lee County

    FEMA Mitigation Experts Offer Rebuilding Advice in Lee CountyTALLAHASSEE, Fla

    – As Floridians rebuild, survivors of Hurricanes Milton, Helene and Debby can get free advice on how to rebuild stronger and safer against storms

    FEMA mitigation specialists will be available to answer questions and offer free home improvement tips and proven methods to lessen damage from future disasters

    This information is geared for do-it-yourself work and general contractors

    FEMA specialists will be available from March 31 through April 12, from 8:00 a

    m

    to 4:30 p

    m

    ET, Monday – Friday and on Saturday from 8:00 a

    m

    to 2:30 p

    m

    ET, at the following location:Lee County: Lowe’s, 285 SW 25th Lane, Cape Coral, FL 33914Mitigation is an effort to reduce the loss of life and property damage by lessening the impact of a disaster through   construction and remodeling best practices

    An insurance specialist will be present to answer National Flood Insurance Program (NFIP) questions

    Disaster Survivor Assistance teams will be on hand to provide updates on FEMA applications and answer questions

    Stay in Touch with FEMAIt is important to let FEMA know about any changes to your contact information

     You may update contact information or check on the status of your application by:Visiting DisasterAssistance

    govCalling FEMA directly at 800-621-3362Using the FEMA appFor the latest information about Hurricane Milton recovery, visit fema

    gov/disaster/4834

     For Hurricane Helene recovery information, visit fema

    gov/disaster/4828

     For Hurricane Debby, visit fema

    gov/disaster/4806

     Follow FEMA on X at x

    com/femaregion4or on Facebook at facebook

    com/fema

    ###FEMA’s mission is helping people before, during and after disasters

    Follow FEMA online, on X @FEMA or @FEMAEspanol, on FEMA’s Facebook page or Espanol page and at FEMA’s YouTube account

    Also, follow on X FEMA_Cam

     For preparedness information follow the Ready Campaign on X at @Ready

    gov, on Instagram @Ready

    gov or on the Ready Facebook page

      
    lindsay

    tozer
    Mon, 03/31/2025 – 12:29

    MIL OSI USA News –

    April 1, 2025

  • MIL-OSI Security: Federal Court Permanently Shuts Down Detroit Tax Preparers

    Source: United States Attorneys General

    Note: View Turner permanent injunction here. View Qualls permanent injunction here. View Stewart permanent injunction here. View Bishop and Green permanent injunction here.

    A federal court in Michigan issued a permanent injunction on Friday against Detroit-area tax return preparers Alicia Bishop and Tenisha Green, permanently barring them from preparing federal tax returns for others.

    The court previously barred Alicia Qualls, Michael Turner, and Constance Stewart from preparing federal tax returns for others by judgments entered on March 3. By judgment dated Dec. 16, 2024, the court also barred the business for which all of the preparers worked, United Tax Team Inc., and United Tax Team’s incorporator, Glen Hurst, from preparing federal tax returns for others. Hurst, United Tax Team, Qualls, Turner, and Stewart consented to entry of the judgments against them.

    According to the civil complaint, Hurst incorporated United Tax Team in 2016, was its sole shareholder and corporate officer, and hired the return preparers who work at United Tax Team —including Qualls, Bishop, Green, Turner, and Stewart — who each worked as tax return preparers at United Tax Team locations in the Detroit area and prepared returns for customers that included false information not provided by the customer.

    The civil complaint alleges that that the defendants used a variety of schemes to improperly reduce their customers’ tax liabilities or to obtain tax refunds to which the customers were not entitled. Specifically, the complaint alleges that Qualls, Bishop, Green, Turner, and Stewart each repeatedly placed false or incorrect items, deductions, exemptions or statuses on customers’ tax returns without their customers’ knowledge. For example, the complaint alleges that Qualls, Green, Turner, and Stewart fabricated Schedule C businesses to report fictitious business expenses and income to improperly reduce overall taxable income for some customers. The complaint also alleges that Bishop and Green fabricated education expenses on customer returns to falsely add tax credits; that Bishop and Stewart improperly claimed COVID-19 Relief tax credits for some customers; that Qualls and Turner improperly claimed head-of-household status for customers who did not qualify for such status to falsely reduce some customers’ tax liabilities; and that Stewart claimed fictious child and dependent care expenses for some customers.

    Taxpayers seeking a return preparer should remain vigilant against unscrupulous tax preparers. The IRS has information on its website for choosing a tax return preparer and has launched a free directory of federal tax preparers. The IRS also offers 10 tips to avoid tax season fraud and ways to safeguard their personal information.

    In the past decade, the Justice Department’s Tax Division has obtained injunctions against hundreds of unscrupulous tax preparers. Information about these cases is available on the Justice Department’s website. An alphabetical listing of persons enjoined from preparing returns and promoting tax schemes can be found on this page. If you believe that one of the enjoined persons or businesses may be violating an injunction, please contact the Tax Division with details.

    MIL Security OSI –

    April 1, 2025

  • MIL-OSI: Archimedes Tech SPAC Partners II Co. Announces the Separate Trading of its Ordinary Shares and Warrants Commencing April 3, 2025

    Source: GlobeNewswire (MIL-OSI)

    CLAYMONT, Del., March 31, 2025 (GLOBE NEWSWIRE) — Archimedes Tech SPAC Partners II Co. (Nasdaq: ATIIU) (the “Company”) today announced that, commencing April 3, 2025, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s ordinary shares and warrants included in the units.

    No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The ordinary shares and warrants that are separated will trade on The Nasdaq Global Market under the symbols “ATII” and “ATIIW,” respectively. Those units not separated will continue to trade on The Nasdaq Global Market under the symbol “ATIIU.” Holders of units will need to have their brokers contact Odyssey Transfer and Trust Company, the Company’s transfer agent, in order to separate the units into ordinary shares and warrants.

    The offering of the units was made only by means of a prospectus, copies of which may be obtained from BTIG, LLC, 65 East 55th Street, New York, New York 10022, or by email at ProspectusDelivery@btig.com. A registration statement on Form S-1 (333-282885) relating to these securities has been filed with the Securities and Exchange Commission (“SEC”) and was declared effective on February 10, 2025. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.

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

    About Archimedes Tech SPAC Partners II Co.

    Archimedes Tech SPAC Partners II Co. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses. While the Company may pursue a business combination target in any business, industry or geographical location, the Company intends to focus its search for businesses in the technology industry, and its focus will be on the artificial intelligence, cloud services and automotive technology sectors.

    Cautionary Note Concerning Forward-Looking Statements

    This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the registration statement and the prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC’s website, www.sec.gov.

    Contact Information

    Long Long
    Chief Executive Officer
    Archimedes Tech SPAC Partners II Co.
    (725) 312-2430

    The MIL Network –

    April 1, 2025

  • MIL-OSI: Duos Technologies Group Reports 4th Quarter and FY 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    Issues guidance following a transformative year with the Company adding two new business lines, significantly strengthening the Balance Sheet and demonstrating enhanced operational capabilities for additional services and consulting related to the fast power business.

    JACKSONVILLE, Fla., March 31, 2025 (GLOBE NEWSWIRE) — Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT) a provider of machine vision and artificial intelligence that analyzes fast moving vehicles, Edge Data Centers and power solutions, reported financial results for the fourth quarter (“Q4 2024”) and full year ended December 31, 2024.

    Fourth Quarter 2024 and Recent Operational Highlights

    • Signed Asset Management Agreement (“AMA”) with New APR Energy and Fortress Investment Group value at up to $42 million to manage 850MW of Gas-Powered Turbines. This agreement includes a 5% equity stake in the parent of New APR Energy and is the largest contract in the Company’s history.
    • Secured a $5 million advance payment for future services related to the AMA providing low-cost interim working capital as the Company grows.
    • Initiated marketing campaign targeted at the Tier 3 and Tier 4 data center markets for the provision of Duos Edge AI Edge Data Centers (“EDC”s).
    • Acquired six EDCs for initial deployments to Texas Regional Schools as “anchor” locations for service provisions.
    • Installed an initial EDC site in Amarillo, Texas with contract to include primary power for the support of installation site in addition to backup power.
    • Developing a high-density Data Center Park in Pampa, Texas in cooperation with New APR Energy and the Pampa Energy Center. The project includes the deployment of two Edge Data Centers and up to 500MW of bridging and permanent power, to support growing AI hyperscalers and HPC demands.
    • Added further intellectual property with patents covering the Railcar Inspection Portal (“RIP®”) and issued potential “IP Infraction” letters to a Class 1 railroad and its technology partner.
    • Scanned almost 10 million railcar images on over 700,000 unique railcars for the full year. This metric encompasses all railcars scanned at locations across the U.S., Canada, and Mexico, representing approximately 44% of the total freight car population in North America.
    • Entering 2025, the Company estimates $50.5 million of revenue in backlog including near-term extensions.
    • Completed an At-The-Market (“ATM”) capital raise for approximately $7.5 million with an average price of greater than $5.00 per share and low issuance costs.

    Fourth Quarter 2024 Financial Results
    It should be noted that the following Financial Results represent the consolidation of the Company with its subsidiaries Duos Technologies, Duos Edge AI, Inc., and Duos Energy Corporation.

    Total revenue for Q4 2024 decreased 4% to $1.46 million compared to $1.53 million in the fourth quarter of 2023 (“Q4 2023”). Total revenue for Q4 2024 includes approximately $1.43 million in recurring services and consulting revenue, an increase of 9% over the same period. The increase in recurring services and consulting revenues was driven by new revenue from power consulting work, which was not present in the comparative period.

    Cost of revenues for Q4 2024 increased 47% to $1.79 million compared to $1.22 million for Q4 2023. The increase in costs year-over-year stems from $548,121 in amortization expenses recorded in Q4 2024 to offset site revenue related to a nonmonetary transaction for the new services and data agreement signed during the second quarter of 2024. The Company also generated $415,580 in services and consulting revenue from power consulting work, which was provided at cost, further increasing the cost of revenue for services and consulting, which was also not present in the corresponding period of Q4, 2023.

    Gross margin for Q4 2024 decreased 209% to negative $330,000 compared to $303,000 for Q4 2023. The decline in margin during the quarter was a direct result of lower business activity timing in the technology systems area of the business as well as $415,580 in services and consulting revenue from power consulting work, which was largely provided at cost, and had a onetime dilutive effect on gross margin. These same project revenues and subsequent margin impacts were absent during Q4, 2023.

    Operating expenses for Q4 2024 decreased 21% to $2.76 million compared to $3.48 million for Q4 2023. The decrease in expenses is attributed to reductions in development and administrative costs due to the completion of certain activities and the impact of previously implemented cost reductions. The decrease in operating expenses was slightly offset by additional investments in sales resources for expansion of the commercial team in preparation of the business expansions planned for Power and Data Centers. Beginning in late Q3 2024 and throughout all of Q4 2024 the Company allocated personnel costs, typically recorded under operating expenses, to costs of revenue associated with power consulting efforts, allowing the Company to recover costs that it would not have otherwise allowing the Company to maintain certain key resources required for anticipated business growth.

    Net operating loss for Q4 2024 totaled $3.09 million compared to net operating loss of $3.18 million for Q4 2023. The decrease in net operating loss was as a result of planned reductions in operating expenses offset by anticipated lower revenues which resulted in an overall decrease in operating loss compared to the same quarter in 2023.

    Net loss for Q4 2024 totaled $3.41 million compared to a net loss of $3.16 million for Q4 2023 as a result of higher interest costs related to the acquisition of 3 Edge Data Centers.

    Cash and cash equivalents at December 31, 2024 totaled $6.27 million compared to $2.44 million at December 31, 2023. As of year-end, the Company had an additional $0.40 million in receivables, bolstering its liquidity position to approximately $6.67 million. Duos also had an additional $0.80 million of inventory as of December 31, 2024, consisting primarily of long-lead items for future RIP installations.

    Across January and February of 2025, the Company issued an aggregate of 633,683 shares of common stock at a weighted average price of $6.24 per share through its ATM offering program, generating total net proceeds of approximately $3,836,032.

    Full Year 2024 Financial Results

    Total revenue for the full year 2024, decreased 3% to $7.28 million, down from $7.47 million for 2023. Much of the decrease in overall revenues was due to ongoing customer-driven delays beyond the Company’s control related to the deployment of two high-speed transit-focused Railcar Inspection Portals (RIPs). Although the systems were largely ready in 2023, installation was delayed due to customer site preparation issues, which has prevented the Company from recognizing the next phase of revenue. However, in 2024, the Company secured an equitable adjustment as partial compensation for those delays and increased the total contract value by $1.4 million, a substantial portion of which was recognized during the year. The customer is now nearing completion of site preparation, and field installation is expected to progress in 2025 with anticipated completion in 2026. Meanwhile, the Company continued its transition toward a greater focus on AI software and support services. Services and consulting revenues increased by 31% compared to 2023, driven by the addition of new AI and subscription customers, higher service contract pricing, and $921,562 in new revenue from power consulting work, all which was not present in for the full year in 2023. Underlying recurring revenues also continued to grow as new maintenance contracts are being established on installations coming online during 2025. The Company anticipates continued growth in service revenue from both new and existing customers, supported by upcoming renewals, a growing backlog, and the next generation of technology systems currently in production and expected to be completed in 2025.

    Cost of revenues for the full year 2024, increased 11% to $6.81 million, up from $6.16 million in the same period of 2023. The increase in cost of revenues was driven by $1,569,311 in amortization expenses recorded in 2024 to offset site revenue related to a non-monetary transaction for the new services and data agreement signed during the second quarter of 2024. The Company also generated $921,562 in services and consulting revenue from power consulting work, which although was provided at cost, was partially performed by existing Duos staff. Part of the work was the retention of outside consultants further increasing the cost of revenue for services and consulting, which was also not present in the corresponding period of 2023, but prepared the Company for the signing of the Asset Management Agreement and expected significant revenue increases in 2025 and beyond. The Company continues to put into service additional artificial intelligence algorithms and maintenance and support services which are high margin and represent only marginal increases in the requisite costs to deliver these services. Cost of revenues on technology systems decreased during the period compared to the equivalent period in 2023 in line with the decline in project revenues. The decline in costs generally follows the same year-over-year trend as project revenues due to timing differences in major project work. This is primarily related to the procurement and manufacturing of transit-focused RIPs. As we are near the end of the manufacturing cycle and begin preparations for field installation in 2025, the cost of revenues for technology systems decreases accordingly. In contrast, during the same period in 2023, the Company was still progressing through the advanced stages of procurement and manufacturing for these RIPs.

    Gross margin for the full year 2024, decreased 64% to $469,000, down from $1.31 million in the same period of 2023. As noted above, the decline in margin was primarily driven by the timing of business activity related to the two high-speed, transit-focused Railcar Inspection Portals. In 2024, activity centered on the advanced stages of procurement and manufacturing for these systems, but customer driven delays in installation deferred the recognition of higher-margin revenue. Additionally, the Company generated $921,562 in services and consulting revenue from power consulting work that was provided at cost, which further diluted overall gross margin. These power consulting revenues, and their margin impacts were not present in 2023. The gross margin for 2024 was approximately 6%, compared to 18% in 2023. This decline also reflects the fixed nature of certain departmental costs and the evolving stage of project completion. When comparing year-over-year results, the timing of manufacturing and installation milestones should be taken into consideration, as they can significantly impact the gross margin profile in any given period.

    Operating expenses for the full year 2024, decreased 10% to $11.45 million, down from $12.76 million in the same period of 2023. There was a 43% increase in sales and marketing driven by continued investment in the commercial team, including the addition of professionals with extensive experience and leadership across the rail, Edge data center, and power industries. Research and development expenses declined by 16%, primarily due to lower personnel costs allocated to R&D and reduced testing as a result of completion of certain activities for prospective technologies. General and administration costs decreased by 18%, influenced by reductions in headcount and related personnel expenses, as well as a decline in non-cash amortization charges associated with the forfeiture of approximately 781,323 share options during 2024. Further contributing to the decrease were reductions in consulting and legal expenses compared to 2023.

    Net operating loss for the years ended, December 31, 2024 and 2023 were $10,983,526 and $11,446,566, respectively. The decrease in losses from operations during the year was the result of planned decreases in operating expenses, which offset the impact of lower revenues recorded in the period as a consequence of delays in going to field for the two high-speed RIPs for a passenger transit client, and the short term lower gross margins from the impact of the initial power industry consulting.

    Net loss for the years ended December 31, 2024 and 2023 was $10,764,457 and $11,241,718, respectively. The decrease in overall net loss was primarily attributable to a decrease in operating costs. Net loss per common share was $1.39 and $1.56 for the years ended December 31, 2024, and 2023, respectively, an improvement of $0.17 per share (basic). 

    Financial Outlook
    At the end of 2024, the Company’s contracts in backlog represented approximately $50.5 million in revenue, of which approximately $22.6 million is expected to be recognized in calendar 2025 not including an estimated $8.0 – $9.0 million in expected near-term awards and renewals. The remaining contract backlog consists of multi-year service and software agreements, along with project revenues extending through fiscal 2025, related to Duos Technologies, Duos Edge AI, and Duos Energy.

    Based on these committed contracts and near-term pending orders that are already performing or scheduled to be executed throughout the course of 2025, the Company is in a position to reinstate revenue expectations for the fiscal year ending December 31, 2025. The Company expects total revenue for 2025 to range between $28 million and $30 million, representing an increase of 285% to 312% from 2024. Duos expects this improvement in operating results to be reflected over the course of the full year in 2025.

    Management Commentary

    “Over the past several months, we have made significant progress across all three of our business lines—rail, edge computing, and power—while also expanding our investor base and analyst coverage,” said Duos Chief Executive Officer Chuck Ferry. “Our Railcar Inspection Portal continues to gain traction, with growing interest from both rail operators and government agencies, despite the industry’s slow adoption cycle. Meanwhile, Duos Edge AI is scaling quickly, with strong demand for our Edge Data Centers, particularly in underserved rural areas. We remain on track to deploy 15 pods by the end of 2025 and are actively exploring opportunities to accelerate that growth. At the same time, Duos Energy is capitalizing on unprecedented demand for behind-the-meter power solutions, securing contracts for 390MW in just the first three months of operation, with additional deals in negotiation. The synergies between our power and edge computing businesses have exceeded expectations, opening doors to new opportunities across both sectors. With strong execution and a diversified portfolio, we are well-positioned for continued growth and profitability in 2025 and beyond.”

    Conference Call
    The Company’s management will host a conference call today, March 31, 2025, at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss these results, followed by a question-and-answer period.

    Date:  Monday, March 31, 2025
    Time:  4:30 p.m. Eastern time (1:30 p.m. Pacific time)
    U.S. dial-in:  877-407-3088
    International dial-in: 201-389-0927
    Confirmation:  13751912
       

    Please call the conference telephone number 5-10 minutes prior to the start time of the conference call. An operator will register your name and organization.

    If you have any difficulty connecting with the conference call, please contact DUOT@duostech.com.

    The conference call will be broadcast live via telephone and available for online replay via the investor section of the Company’s website here.

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

    Forward- Looking Statements

    This news release includes forward-looking statements regarding the Company’s financial results and estimates and business prospects that involve substantial risks and uncertainties that could cause actual results to differ materially. Forward-looking statements relate to future events and typically address the Company’s expected future business and financial performance. The forward-looking statements in this news release relate to, among other things, information regarding anticipated timing for the installation, development and delivery dates of our systems; anticipated entry into additional contracts; anticipated effects of macro-economic factors (including effects relating to supply chain disruptions and inflation); timing with respect to revenue recognition; trends in the rate at which our costs increase relative to increases in our revenue; anticipated reductions in costs due to changes in the Company’s organizational structure; potential increases in revenue, including increases in recurring revenue; potential changes in gross margin (including the timing thereof); statements regarding our backlog and potential revenues deriving therefrom; and statements about future profitability and potential growth of the Company. Words such as “believe,” “expect,” “anticipate,” “should,” “plan,” “aim,” “will,” “may,” “should,” “could,” “intend,” “estimate,” “project,” “forecast,” “target,” “potential” and other words and terms of similar meaning, typically identify such forward-looking statements. Forward-looking statements involve risks and uncertainties and there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, the Company’s ability to continue as a going concern, the Company’s ability to generate sufficient cash to continue and expand operations, the competitive environment generally and in the Company’s specific market areas, changes in technology, the availability of and the terms of financing, changes in costs and availability of goods and services, economic conditions in general and in the Company’s specific market areas, changes in federal, state and/or local government laws and regulations potentially affecting the use of the Company’s technology, changes in operating strategy or development plans and the ability to attract and retain qualified personnel. The Company cautions that the foregoing list of risks, uncertainties and factors is not exclusive. Additional information concerning these and other risk factors is contained in the Company’s most recently filed Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other filings filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”), which are available at the SEC’s website, http://www.sec.gov. The Company believes its plans, intentions and expectations reflected in or suggested by these forward-looking statements are based on reasonable assumptions. No assurance, however, can be given that the Company will achieve or realize these plans, intentions or expectations. Indeed, it is likely that some of the Company’s assumptions may prove to be incorrect. The Company’s actual results and financial position may vary from those projected or implied in the forward-looking statements and the variances may be material. Each forward-looking statement speaks only as of the date of the particular statement. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any forward-looking statement is based, except as required by law. All subsequent written and oral forward-looking statements concerning the Company or other matters attributable to the Company or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above.

    DUOS TECHNOLOGIES GROUP, INC. AND SUBSIDIARIES
    CONSOLIDATED STATEMENTS OF OPERATIONS
           
           
      For the Years Ended
      December 31,
      2024   2023
           
    REVENUES:      
    Technology systems $ 2,252,357     $ 3,618,022  
    Services and consulting   5,028,528       3,853,176  
           
    Total Revenues   7,280,885       7,471,198  
           
    COST OF REVENUES:      
    Technology systems   2,818,078       4,352,247  
    Services and consulting   3,993,592       1,810,070  
           
    Total Cost of Revenues   6,811,670       6,162,317  
           
    GROSS MARGIN   469,215       1,308,881  
           
    OPERATING EXPENSES:      
    Sales and marketing   2,138,431       1,493,309  
    Research and development   1,531,390       1,812,951  
    General and administration   7,782,920       9,449,187  
           
    Total Operating Expenses   11,452,741       12,755,447  
           
    LOSS FROM OPERATIONS   (10,983,526 )     (11,446,566 )
           
    OTHER INCOME (EXPENSES):      
    Interest expense   (286,114 )     (7,159 )
    Change in fair value of warrant liabilities   245,980       0  
    Gain on extinguishment of warrant liabilities   379,626       0  
    Other income, net   (120,423 )     212,007  
           
    Total Other Income (Expenses), net   219,069       204,848  
           
    NET LOSS $ (10,764,457 )   $ (11,241,718 )
           
           
    Basic and Diluted Net Loss Per Share $ (1.39 )   $ (1.56 )
           
           
    Weighted Average Shares-Basic and Diluted   7,736,281       7,204,177  
           
    DUOS TECHNOLOGIES GROUP, INC. AND SUBSIDIARIES
    CONSOLIDATED BALANCE SHEETS
         
             
        December 31,   December 31,
        2024   2023
             
    ASSETS      
    CURRENT ASSETS:      
      Cash $ 6,266,296     $ 2,441,842  
      Accounts receivable, net   403,441       1,462,463  
      Contract assets   635,774       641,947  
      Inventory   605,356       1,526,165  
      Prepaid expenses and other current assets   176,338       184,478  
      Note Receivable, net   –       –  
             
      Total Current Assets   8,087,205       6,256,895  
             
      Inventory – non current   196,315       –  
      Property and equipment, net   2,771,779       726,507  
      Operating lease right of use asset – Office Lease   4,028,397       4,373,155  
      Financing lease right of use asset – Edge Data Centers   2,019,180       –  
      Security deposit   500,000       550,000  
             
    OTHER ASSETS:      
      Equity Investment – Sawgrass APR Holdings LLC   7,233,000       –  
      Intangible Asset, net   9,592,118       –  
      Note Receivable, net   –       153,750  
      Patents and trademarks, net   127,300       129,140  
      Software development costs, net   403,383       652,838  
      Total Other Assets   17,355,800       935,728  
             
    TOTAL ASSETS $ 34,958,677     $ 12,842,285  
             
    LIABILITIES AND STOCKHOLDERS’ EQUITY      
             
    CURRENT LIABILITIES:      
      Accounts payable $ 969,822     $ 595,634  
      Notes payable – financing agreements   17,072       41,976  
      Accrued expenses   373,251       164,113  
      Operating lease obligations – Office Lease -current portion   798,556       779,087  
      Financing lease obligation – Edge Data Centers – current portion   367,451       –  
      Notes payable, net of discount – related parties   1,758,396       –  
      Contract liabilities, current   11,805,018       1,666,243  
             
      Total Current Liabilities   16,089,566       3,247,053  
             
      Contract liabilities, less current portion   11,016,134       –  
      Operating lease obligations – Office Lease, less current portion   3,867,042       4,228,718  
      Financing lease obligation – Edge Data Centers, less current portion   1,724,604       –  
             
      Total Liabilities   32,697,346       7,475,771  
             
    Commitments and Contingencies (Note 12)      
             
    STOCKHOLDERS’ EQUITY:      
      Preferred stock: $0.001 par value, 10,000,000 authorized, 9,441,000 shares available to be designated    
      Series A redeemable convertible preferred stock, $10 stated value per share,   –       –  
      500,000 shares designated; 0 and 0 issued and outstanding at December 31, 2024 and December 31, 2023, respectively,
      convertible into common stock at $6.30 per share      
      Series B convertible preferred stock, $1,000 stated value per share,   –       –  
      15,000 shares designated; 0 and 0 issued and outstanding at December 31, 2024    
      and December 31, 2023, respectively, convertible into common stock at $7 per share    
      Series C convertible preferred stock, $1,000 stated value per share,   –       –  
      5,000 shares designated; 0 and 0 issued      
      and outstanding at December 31, 2024 and December 31, 2023, respectively,      
      convertible into common stock at $5.50 per share      
      Series D convertible preferred stock, $1,000 stated value per share,   1       1  
      4,000 shares designated; 1,299 and 1,299 issued      
      and outstanding at December 31, 2024 and December 31, 2023, respectively,      
      convertible into common stock at $3.00 per share      
      Series E convertible preferred stock, $1,000 stated value per share,      
      30,000 shares designated; 13,500 and 11,500 issued      
      and outstanding at December 31, 2024 and December 31, 2023, respectively,   14       12  
      convertible into common stock at $2.61 and $3.00 per share, respectively,      
      Series F convertible preferred stock, $1,000 stated value per share,      
      5,000 shares designated; 0 and 0 issued      
      and outstanding at December 31, 2024 and December 31, 2023, respectively,   –       –  
      convertible into common stock at $6.20 per share      
             
      Common stock: $0.001 par value; 500,000,000 shares authorized,      
      8,922,576 and 7,306,663 shares issued, 8,921,252 and 7,305,339   8,921       7,306  
      shares outstanding at December 31, 2024 and December 31, 2023, respectively    
      Additional paid-in-capital   76,777,856       69,120,199  
      Accumulated deficit   (74,368,009 )     (63,603,552 )
      Sub-total   2,418,783       5,523,966  
      Less: Treasury stock (1,324 shares of common stock      
      at December 31, 2024 and December 31, 2023)   (157,452 )     (157,452 )
    Total Stockholders’ Equity   2,261,331       5,366,514  
             
    Total Liabilities and Stockholders’ Equity $ 34,958,677     $ 12,842,285  
             
    DUOS TECHNOLOGIES GROUP, INC. AND SUBSIDIARIES
     CONSOLIDATED STATEMENTS OF CASH FLOWS
     
      For the Years Ended
      December 31,
       2024     2023 
           
    Cash from operating activities:      
    Net loss $ (10,764,457 )   $ (11,241,718 )
    Adjustments to reconcile net loss to net cash used in operating activities:      
    Depreciation and amortization   2,161,722       550,201  
    Stock based compensation   108,981       710,047  
    Stock issued for services   165,000       143,065  
    Amortization of debt discount related to warrant liabilities   184,002       –  
    Fair value of warrant liabilities   (245,980 )     –  
    Gain on settlement of warrant liabilities   (379,626 )     –  
    Amortization of operating lease right of use asset – Office Lease   344,757       316,776  
    Amortization of lease right of use asset – Edge Data Centers   50,820       –  
    Provision for credit losses, accounts receivable   76,037       –  
    Provision for credit losses, note receivable   161,250       –  
    Write off of inventory   126,703       –  
    Changes in assets and liabilities:      
       Accounts receivable   982,985       1,955,800  
       Note receivable   (7,500 )     (153,750 )
       Contract assets   6,173       (216,225 )
       Inventory   52,700       (97,804 )
       Security deposit   50,000       50,000  
       Prepaid expenses and other current assets   414,091       744,771  
       Accounts payable   374,188       (1,694,756 )
       Accrued expenses   209,138       (289,209 )
       Operating lease obligation – Office Lease   (342,206 )     (232,007 )
       Lease obligation – Edge Data Centers   22,055       –  
       Contract liabilities   2,760,480       708,245  
           
    Net cash used in operating activities   (3,488,687 )     (8,746,564 )
           
    Cash flows from investing activities:      
        Purchase of patents/trademarks   (9,535 )     (69,327 )
        Purchase of software development   –       (527,896 )
        Purchase of fixed assets   (1,831,763 )     (496,686 )
           
    Net cash used in investing activities   (1,841,298 )     (1,093,909 )
           
    Cash flows from financing activities:      
       Repayments on financing agreements   (430,855 )     (520,529 )
       Repayment of finance lease   –       (22,851 )
       Proceeds from notes payable, related parties   2,200,000       –  
       Proceeds from warrant exercises   899,521       –  
       Proceeds from common stock issued   3,544,689       –  
       Stock issuance cost   (220,183 )     (25,797 )
       Proceeds from shares issued under Employee Stock Purchase Plan   166,265       230,400  
       Proceeds from preferred stock issued   2,995,002       11,500,000  
           
    Net cash provided by financing activities   9,154,439       11,161,223  
           
    Net increase in cash   3,824,454       1,320,750  
    Cash, beginning of year   2,441,842       1,121,092  
    Cash, end of year $ 6,266,296     $ 2,441,842  
           
    Supplemental Disclosure of Cash Flow Information:      
    Interest paid $ 3,865     $ 7,159  
    Taxes paid $ 20,126     $ 29,085  
           
    Supplemental Non-Cash Investing and Financing Activities:      
    Debt discount for warrant liability $ 625,606     $ –  
    Notes issued for financing of insurance premiums $ 434,883     $ 487,929  
    Transfer of inventory to fixed assets $ 545,091     $ –  
    Intangible asset acquired with contract liability $ 11,161,428     $ –  
    Equity Investment – Sawgrass APR Holdings LLC $ 7,233,000     $ –  
    Right of use asset and liability for Edge Data Centers $ 2,070,000     $ –  
           

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c2f0eb27-5f9e-4015-9a56-d69465f6e1fd

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

    The MIL Network –

    April 1, 2025

  • MIL-OSI Economics: Thales to provide hybrid networking kits for French Army vehicles

    Source: Thales Group

    Headline: Thales to provide hybrid networking kits for French Army vehicles

    31 Mar 2025

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    • The French defence procurement agency (DGA) has awarded Thales a contract to provide hybrid networking kits for French Army vehicles, an innovative solution that can be installed without the need to make design changes to the platforms.
    • Installed on military vehicles such as the Griffon, VBCI and Serval, the kits provide access to commercial communication services (OneWeb1 and 5G), integrate them with theatre-wide networking capabilities and tie together communication systems at every level from combined/joint forces command to infantry fighting vehicles.
    • With developments in collaborative combat driving a growing need for connectivity, hybridisation solutions will complement existing hardened communications systems (SYRACUSE IV military satellite communications, CONTACT radios, HF radios) to provide higher data rates, longer range capabilities and improved resilience.

    “Thales will be supporting the French Army in its strategic transition to hybrid communication networks. This latest stage in the ASTRIDE 3 programme will combine technological innovation with a deep understanding of operational requirements to provide the hyperconnectivity needed for collaborative combat in high-intensity conflict scenarios,” said Alexandre Bottero, Vice President, Networks and Infrastructure Systems, Thales.

    This hybrid networking technology has been developed in an agile, incremental approach with the DGA and operational users to augment the communication capabilities of French Army vehicles. With current developments in collaborative combat, the ability of the armed forces to deploy operational networks of sensors and effectors calls for enhanced capabilities in terms of massification, usability and resilience of military communication systems. With this innovative hybridisation solution, commercial networks will complement existing hardened communication systems including the LOS radios developed for the ASTRIDE programme, the secure, high-data-rate, jam-resistant military satcom services provided by the SYRACUSE satellites, the latest-generation software-defined radios developed under the CONTACT programme and the MELCHIOR series of HF radios.

    The hybrid networking solution for OneWeb satcom and 5G services is packaged as a non-intrusive kit, overcoming the need for design changes to the vehicle. It offers significant improvements in connectivity to enhance operational capabilities in the theatre of operations by supporting more extensive data sharing and closer multi-domain collaboration. The hybrid networking kit offers a combination of high performance and usability, and its modular design is part of an end-to-end approach encompassing communication systems at every level, from combined/joint forces command to infantry fighting vehicles.

    Thales will provide an initial batch of 25 kits for field trials during the EXTO SJO 2025 exercise at the end of this year, with an additional 25 kits scheduled for delivery in 2026. Ultimately these hybrid networking kits are expected to equip all French Army vehicles that require them.

    The ASTRIDE 3 programme’s central role in collaborative combat

    Thales has been involved in the ASTRIDE 3 programme since 2022 and has designed a range of modular mobile communication stations offering the NATO-interoperable networking capabilities needed to provide a secure, resilient command infrastructure for deployed forces. The addition of this hybridisation solution further underscores the programme’s decisive role in making collaborative combat a reality while guaranteeing technological sovereignty.

    1OneWeb is a constellation of approximately 650 Low Earth Orbit (LEO) telecommunications satellites providing broadband Internet access to private and professional users in regions that are poorly served by terrestrial networks.

    About Thales

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

    The Group invests more than €4 billion per year in Research & Development in key areas, particularly for critical environments, such as Artificial Intelligence, cybersecurity, quantum and cloud technologies.

    Thales has more than 83,000 employees in 68 countries. In 2024, the Group generated sales of €20.6 billion.

    MIL OSI Economics –

    April 1, 2025

  • MIL-OSI Economics: Thales unveils its PANORAMIC quad-tube night vision goggle

    Source: Thales Group

    Headline: Thales unveils its PANORAMIC quad-tube night vision goggle

    31 Mar 2025

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    • Presented for the first time at SOFINS1, PANORAMIC is a lightweight, compact night vision goggle equipped with four light intensification tubes to provide an extra-wide field-of-view. It is particularly well-suited to the needs of special operations forces and specialised units conducting sensitive missions such as counter-terrorism and hostage rescue operations.
    • Fully funded by France’s defence innovation agency (AID), the development of the PANORAMIC goggle was completed in just over two years by Thales’s centre of excellence for soldier optronics.
    • The PANORAMIC binocular is currently being evaluated by the French Army’s Technical Section (STAT) and Special Forces.

    The PANORAMIC night vision goggle provides a field-of-view approaching the capabilities of the human eye to enhance situational awareness in low-light conditions. With four tubes instead of two, soldiers can quickly perceive their entire operational surroundings without moving their heads, enabling them to react more quickly to potential threats in their peripheral field of vision.

    PANORAMIC’s patented architecture offers the best combination of performance, ergonomic design and volume currently available on the international market. It weighs just 740 g and is no wider than the soldier’s helmet. As well as the conventional helmet flip-up feature, each of the outer tubes can be raised independently, powering off automatically to guarantee discretion. Designed for optimum energy efficiency, this revolutionary new product is battery operated, with an available external battery pack for longer periods of operation.

    The PANORAMIC night observation device is fully compatible with night sights such as the XTRAIM weapon sight. It is a compact, robust unit designed to accommodate future technologies and functionalities, and includes an optimised maintenance plan to maximise operational availability.

    PANORAMIC unveiled for the first time at the 2025 edition of SOFINS, offering a further illustration of Thales’s 30-year track record of innovation in the design and development of night observation solutions to meet the full range of requirements of land forces personnel.

    Specifically designed for special operations forces and specialised units in France and internationally, the PANORAMIC goggle is 100% made in France and ITAR-free.

    “SOFINS is the ideal opportunity for us to present PANORAMIC, our new extra-wide field-of-view night observation device. Thales’s team technical expertise allowed the development of a ground-breaking night vision solution offering the robust design and outstanding performance needed to support the success of night-time missions and protect our soldiers at their most vulnerable moments.” Alexis Morel, Vice President, Optronics, Missile Electronics and Unmanned Air Systems, Thales

    1SOFINS: Special Operations Forces Innovation Network Seminar

    About Thales

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

    The Group invests more than €4 billion per year in Research & Development in key areas, particularly for critical environments, such as Artificial Intelligence, cybersecurity, quantum and cloud technologies.

    Thales has more than 83,000 employees in 68 countries. In 2024, the Group generated sales of €20.6 billion.

    MIL OSI Economics –

    April 1, 2025

  • MIL-OSI Asia-Pac: Union Home Minister and Minister of Cooperation Shri Amit Shah unveils the grand statue of Maharaja Agrasen, inaugurates the newly constructed ICU, and lays the foundation stone for the PG hostel in Hisar, Haryana

    Source: Government of India

    Union Home Minister and Minister of Cooperation Shri Amit Shah unveils the grand statue of Maharaja Agrasen, inaugurates the newly constructed ICU, and lays the foundation stone for the PG hostel in Hisar, Haryana

    The land of Haryana has worked to enrich and preserve India’s culture, values, and traditions since ancient times

    Maharaja Agrasen paved the way for the prosperity and welfare of every individual without burdening the state

    Prime Minister Shri Narendra Modi is also following the path shown by Maharaja Agrasen and working towards the development of the country

    The Modi government has spent 64,000 crore rupees on public health centers and community health centers, building a strong foundation for medical infrastructure

    In the next 5 years, there will not be a single district in the country without a medical college

    In the double-engine government, Haryana is the best example of politics based on principles by like-minded people

    The Saini government in Haryana provided 80,000 jobs to youth in a transparent manner, without bribes or recommendations

    OP Jindal established the values of caring for the people before profit, caring for society before business, and prioritizing

    In the Agarwal community, most people are entrepreneurs who are contributing to the service of the nation with a spirit of dedication

    Posted On: 31 MAR 2025 5:00PM by PIB Delhi

    Union Home Minister and Minister of Cooperation Shri Amit Shah today unveiled the grand statue of Maharaja Agrasen, inaugurated the newly constructed ICU, and laid the foundation stone for the PG hostel in Hisar, Haryana. On this occasion, several distinguished individuals, including Haryana’s Chief Minister Shri Nayab Singh Saini, were present.

    In his address, Union Home Minister and Minister of Cooperation Shri Amit Shah said the land of Haryana has worked to enrich and preserve India’s culture, values, and traditions since ancient times. He said, from Mahabharata time to the freedom struggle and even after independence, Haryana’s contribution to the development of the country has always been far greater than that of the larger states.

    Shri Amit Shah said that in this large hospital, where nearly 5 lakh people avail OPD services, 180 children graduate in medical education every year, and patients receive various types of modern medical facilities, all of this is possible due to the foundation laid by O.P. Jindal. He mentioned that today, along with the statue of Maharaja Agrasen, the newly constructed ICU has been inaugurated, and the foundation stone for the PG hostel has also been laid. He added that these initiatives represent another step towards advancing this institution.

    Union Home Minister said that Maharaja Agrasen was a unique kind of ruler, and it is said that in his time, the capital had a population of 1 lakh people. Whenever a new person arrived there, they were given a brick and one rupee by every individual to help them build a house. Shri Shah said, Maharaja Agrasen paved the way for the prosperity and welfare of every individual without burdening the state. He said that Maharaja Agrasen worked to nurture the values of the entire state. Maharaja Agrasen ensured that no one in his kingdom went to bed hungry, no one lived without a roof over their head, and no one was without work. He said that these three things were guaranteed by Maharaja Agrasen through his good governance. Home Minister added that today, every individual in all the clans of the Agarwal community is an entrepreneur, dedicated to the country, serving others, and contributing to the nation’s development.

    Shri Amit Shah said that Prime Minister Shri Narendra Modi is also following the path shown by Maharaja Agrasen. He mentioned that during Prime Minister Modi’s 10-year tenure, 25 crore people in the country have risen above the poverty line. He said that Prime Minister Modi has provided 4 crore houses, 5 kg free ration per person per month to 81 crore people, gas connections to 11 crore families and toilets to 12 crore families. He said that the first government in the country to provide toilets in every house was the Haryana Government. He added that the Modi government has provided 15 crore people with piped water, health coverage of up to 5 lakh for 60 crore people, electricity to every household, and is now working through cooperatives to provide self-employment to every household.

    Union Home Minister and Minister of Cooperation said that under Prime Minister Modi’s tenure, the country has seen transformative changes in various sectors over the past 10 years. He mentioned that the Modi government has taken a holistic approach to the health of the citizens. He explained that the government first provided a gas cylinder to every household, which is directly related to the health of women. Following that, yoga was popularized worldwide, then the Fit India Mission, the Nutrition Campaign, Mission Indradhanush, and the Ayushman Bharat Yojana, which provides health coverage up to 5 lakh, were introduced. He stated that all these initiatives are related to health, and Prime Minister Modi has worked to weave them all together as a unified approach.

    Shri Amit Shah said that the Modi government has made significant strides in the field of medical infrastructure. He said, the Modi government has spent 64,000 crore rupees on public health centers and community health centers, building a strong foundation for medical infrastructure. He also highlighted the establishment of 730 integrated public health labs, 4,382 block public health units, and 602 new critical care boxes over the past 10 years. He further stated that in the year 2013-14, the country’s health budget was 33,000 crore rupees, which Prime Minister Modi has more than tripled, raising it to 1 lakh 33 thousand crore rupees in the 2025-26 budget.

    Union Home Minister said that in 2014, there were 7 AIIMS in the country, while in 2024, there are 23 AIIMS. Similarly, in 2014, there were 387 medical colleges in the country, and today there are 766. He mentioned that the number of MBBS seats, which was 51,000 in 2014, has now increased to 1.15 lakh and an additional 85,000 seats will be added over the next 5 years. He also stated that in 2014, there were 31,000 PG seats, which have now increased to 73,000. Shri Shah assured that in the next 5 years, there will not be a single district in the country without a medical college.

    Shri Amit Shah said that Haryana is the best example of politics based on principles, with like-minded people in the double-engine government. He mentioned that in previous governments, corruption in jobs was due to casteism, and jobs were obtained through bribes and recommendations. Shri Shah said that Saini government in Haryana provided 80,000 jobs to youth in a transparent manner, without bribes or recommandations. Shri Shah also pointed out that Haryana’s athletes have won three times more medals in the last 10 years, Haryana is the largest exporter of Basmati rice, and one in every 10 soldiers in the army is from Haryana. He added that Haryana is the state where the highest number of 24 crops is purchased at the minimum support price (MSP). Furthermore, Haryana was the first state to give land ownership rights within the red lines (Lal Dore), ensured that no Panchayat head is illiterate, and has 50 per cent participation of women in Panchayats.

    Union Home Minister and Minister of Cooperation said that between 2004 and 2014, Haryana received 41,000 crore rupees from the central government, while the Modi government has provided Haryana with 1 lakh 43 thousand crore rupees between 2014 and 2024. He added that in addition to this, infrastructure work worth 1 lakh 26 thousand crore rupees, road construction worth 72 thousand crore rupees, and railway projects worth 54 thousand crore rupees have also been carried out in Haryana.

    *****

    RK/VV/ASH/PS

    (Release ID: 2117036) Visitor Counter : 400

    MIL OSI Asia Pacific News –

    April 1, 2025

  • MIL-OSI: Red Cat Holdings Reports Financial Results for the 2024 Transition Period (as of December 31, 2024 and the eight months then ended) and Provides Corporate Update

    Source: GlobeNewswire (MIL-OSI)

    SAN JUAN, Puerto Rico, March 31, 2025 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports its financial results for the 2024 Transition Period (as of December 31, 2024 and the eight months then ended) and provides a corporate update.

    Recent Operational Highlights:

    • Black Widow selected as the sole winner and provider of the U.S. Army’s Short Range Reconnaissance (SRR) Program of Record.
    • Closed the acquisition of FlightWave Aerospace Systems Corporation. The acquisition officially brings the Edge 130, FlightWave’s Blue UAS approved military-grade tri-copter, into Red Cat’s Family of Systems.
    • Partnered with Palantir to integrate Visual Navigation software (VNav) into Red Cat’s Black Widow drones. This collaboration will transform autonomous sUAS operations for modern warfare by utilizing Palantir’s Visual Navigation in GPS denied environments.
    • Partnered with Palantir to deploy Warp Speed, Palantir’s manufacturing OS. This collaboration will transform our supply and manufacturing operations with Palantir’s AI enabled monitoring, process flow enhancement and comprehensive data analysis. Palantir’s Warp Speed will optimize Red Cat’s production and streamline its supply chain, change management, and quality assurance, ultimately reducing costs and improving margins.
    • Announced that the Black Widow drone and FlightWave Edge 130 were included on the list of 23 platforms and 14 unique components and capabilities selected as winners of the Blue UAS Refresh. The platforms will undergo National Defense Authorization Act (NDAA) verification and cyber security review with the ultimate goal of joining the Blue UAS List.
    • Introduced our Black Widow™ short-range reconnaissance drone and Edge 130 Tricopter to the Middle East market at the International Defense Exhibition and Conference in Abu Dhabi, UAE, Feb 17-21 2025.
    • Will be introducing Black Widow™ and Edge 130 drones to the Latin American market at LAAD 2025 in Rio De Janeiro, Brazil in April 2025.
    • Introduced Black Widow™ to the Asia Pacific Market at the AISSE conference in Putrajaya, Malaysia in January 2025.
    • Expanded our Red Cat Futures Industry Consortium to include Palantir and Palladyne to boost AI capabilities in contested environments, including visual navigation.

    2024 Transition Period (as of December 31, 2024 and the eight months then ended) Financial Highlights:

    • Transition period revenue of $4.9 million
    • Ended the period with cash and accounts receivable of $9.6 million
    • Closed an additional $6 million financing since prior quarter end
    • Guidance of $80-$120 million for calendar year 2025 , which consists of:
      • $25 million in Non-SRR Black Widow sales
      • $25 million in Edge 130 sales
      • $5 million in Fang FPV sales
      • $25 to $65 million in SRR-related Black Widow sales

    “Red Cat’s partnerships and global expansion strategy is already yielding strong results. Over the past few months, we’ve introduced the Black Widow and Edge 130 drones to key international markets, including the Middle East, Asia Pacific, and soon Latin America,” said Jeff Thompson, Red Cat CEO. “This momentum underscores growing global interest in our Family of Systems. The ongoing development of Black Widow for the U.S. Army’s SRR Program of Record, bolstered by AI partners like Palantir and Palladyne, we’re not only meeting immediate defense needs—we’re ensuring our warfighters and allies are well equipped for rapidly-evolving battlefield.”

    “Our financial position remains solid as we scale to meet increased demand,” added Thompson. “With over $9 million in cash and receivables and the recently secured debt financing of $15 million, we’ve significantly strengthened our capital position heading into a pivotal year. This infusion of non-dilutive capital allows us to aggressively scale production, and meet accelerating demand tied to the U.S. Army’s SRR program and international opportunities. Combined with our strong cash balance and operational discipline, we are confident in our ability to support 2025 revenue guidance and deliver long-term shareholder value.”

    Conference Call Today

    CEO Jeff Thompson will host an earnings conference call at 4:30 p.m. ET on Monday, March 31, 2025 to review financial results and provide an update on corporate developments. Following management’s formal remarks, there will be a question-and-answer session.

    Interested parties can attend the conference call through a live webcast that can be accessed at:
    https://event.choruscall.com/mediaframe/webcast.html?webcastid=kOCu4DoZ.

    About Red Cat Holdings, Inc.
    Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a leading-edge Family of Systems. This includes the flagship Black Widow™, a small unmanned ISR system that was awarded the U.S. Army’s Short Range Reconnaissance (SRR) Program of Record contract. The Family of Systems also includes TRICHON™, a fixed wing VTOL for extended endurance and range, and FANG™, the industry’s first line of NDAA compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at www.redcat.red.

    Forward Looking Statements
    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Form 10-K filed with the Securities and Exchange Commission on July 27, 2023. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.

    Contact:

    INVESTORS:
    E-mail: Investors@redcat.red

    NEWS MEDIA:
    Phone: (347) 880-2895
    Email: peter@indicatemedia.com

     
    RED CAT HOLDINGS
    Condensed Consolidated Balance Sheets
     
          December 31,     April 30,
          2024       2024  
    ASSETS            
                 
    Cash   $ 9,154,297     $ 6,067,169  
    Accounts receivable, net     489,316       4,361,090  
    Inventory, including deposits     13,592,900       8,610,125  
    Intangible assets including goodwill, net     26,124,133       12,882,939  
    Equity method investee     —       5,142,500  
    Note receivable     —       4,000,000  
    Other     6,243,621       7,473,789  
                 
    TOTAL ASSETS   $ 55,604,267     $ 48,537,612  
                 
    LIABILITIES AND STOCKHOLDERS’ EQUITY            
                 
    Accounts payable and accrued expenses   $ 3,517,118     $ 2,703,922  
    Debt obligations     350,000       751,570  
    Operating lease liabilities     1,617,596       1,517,590  
    Total liabilities     5,484,714       4,973,082  
                 
    Stockholders’ capital     174,864,256       124,690,641  
    Accumulated deficit/comprehensive loss     (124,744,703 )     (81,126,111 )
    Total stockholders’ equity     50,119,553       43,564,530  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   $ 55,604,267     $ 48,537,612  
     
    Condensed Consolidated Statements of Operations
     
          For the Eight
    Months Ended
    December 31,
    2024    		     For the Year
    Ended
    April 30,
    2024    		  
    Revenues     $ 4,850,304     $ 17,836,382  
                       
    Cost of goods sold       6,206,378       14,155,836  
                       
    Gross (loss) profit       (1,356,074 )     3,680,546  
                       
    Operating Expenses                  
    Research and development       6,610,980       6,266,129  
    Sales and marketing       6,321,763       5,086,600  
    General and administrative       11,459,442       11,214,154  
    Impairment loss       93,050       412,999  
    Total operating expenses       24,485,235       22,979,882  
    Operating loss       (25,841,309 )     (19,299,336 )
                       
    Other expense       17,772,662       2,227,360  
                       
    Net loss from continuing operations       (43,613,971 )     (21,526,696 )
                       
    Loss from discontinued operations       —       (2,525,933 )
    Net loss     $ (43,613,971 )   $ (24,052,629 )
                       
    Loss per share – basic and diluted     $ (0.57 )   $ (0.40 )
                       
    Weighted average shares outstanding – basic and diluted       77,039,869       60,118,675  
                       
    Condensed Consolidated Statements of Cash Flows
         
         For the Eight
    Months Ended
    December 31,
    2024    		      For the Year
    Ended
    April 30,
    2024    		  
    Cash Flows from Operating Activities                
    Net loss from continuing operations   $ (43,613,971 )   $ (21,526,696 )
    Non-cash expenses     22,633,786       8,479,195  
    Changes in operating assets and liabilities     444,208       (4,672,816 )
    Net cash used in operating activities     (20,535,977 )     (17,720,317 )
                     
    Cash Flows from Investing Activities                
    Proceeds from sale of marketable securities     —       12,826,217  
    Proceeds from sale of equity method investment and note receivable     4,400,000       —  
    Other     (163,555 )     740,861  
    Net cash provided by investing activities     4,236,445       13,567,078  
                     
    Cash Flows from Financing Activities                
    Proceeds from issuance of convertible notes payable, net     13,456,000       —  
    Payments of debt obligations, net     (394,606 )     (572,137 )
    Proceeds from exercise of stock options     1,350,267       2,655  
    Proceeds from exercise of warrants     4,974,999       —  
    Proceeds from issuance of common stock, net     —       8,404,812  
    Net cash provided by financing activities     19,386,660       7,835,330  
                     
    Net cash used in discontinued operations     —       (875,227 )
                     
    Net increase in Cash     3,087,128       2,806,864  
    Cash, beginning of period     6,067,169       3,260,305  
    Cash, end of period    $ 9,154,297      $ 6,067,169  

    The MIL Network –

    April 1, 2025

  • MIL-OSI: Helport AI Reports First Half Fiscal Year 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    First Half Fiscal Year 2025 Revenue up 13.1% to $16.4 Million Period over Period

    Accelerating Enterprise AI Adoption Fuels Market Expansion, Unlocking New Opportunities in AI-Powered Customer Engagement

    Management to Host Conference Call Today, March 31, 2025 at 4:30 PM ET

    SINGAPORE and SAN DIEGO, March 31, 2025 (GLOBE NEWSWIRE) — Helport AI Limited (NASDAQ: HPAI) (“Helport AI” or the “Company”), an AI technology company serving enterprise clients with intelligent customer communication software and services, today announced financial results for the six months ended December 31, 2024.

    First Half Fiscal Year 2025 Highlights

    • Average monthly subscribed seats were 6,469 for the six months ended December 31, 2024, representing an increase of 29.1% from 5,011 in the same period of 2023.
    • Revenue for the six months ended December 31, 2024, was $16.4 million, representing an increase of 13.1% from $14.5 million in the six months ended December 31, 2023, driven by increased enterprise adoption of AI-driven solutions.
    • Gross profit for the first half of fiscal year 2025 was $9.0 million, representing a decrease of 7.7% from $9.7 million in the first half of fiscal year 2024, as a result of continued investment in AI infrastructure and product innovation.
    • Net income was $1.1 million in the first half of fiscal year 2025, compared to $6.2 million in the first half of fiscal year 2024, representing a decrease of 82.9%, as a result of our increased investments in R&D, public company regulatory compliance costs, and global expansion expenses.
    • Net cash provided by operating activities was $3.9 million for the six months ended December 31, 2024, supporting business expansion and strategic initiatives.
    • As of December 31, 2024, there were 37,132,968 ordinary shares and 18,845,000 warrants issued and outstanding. 

    Subsequent Operational Milestones

    • As of December 2024, Helport AI Assist software is officially approved and available on Google Cloud Marketplace, allowing businesses across sectors to access Helport’s AI-driven software.
    • Successful rollout of partnership with Google by delivering AI-driven software and services to one of its US west coast government accounts. First phase completed with further collaboration underway.
    • In December 2024, Helport AI formed a strategic partnership with a US wholesale mortgage lender to offer Helport AI Assist software to its network of over 100,000 loan officers nationwide.
    • Opened new office in the Philippines in January 2025, establishing a ‘Global Center of Excellence’ to drive artificial intelligence operations and service offerings in the business process outsourcing (BPO) industry. In less than three months, headcount has grown to more than 100 workers, reflecting strong demand from customers in the region.
    • Appointed Amy Fong as President, Director, and Interim Chief Financial Officer, bringing over 25 years of experience as a seasoned professional across multiple industries, including banking, private equity, management consulting, and the not-for-profit sector.
    • Progress in the debt collection space since January 2025, having secured partnerships with three consumer financing companies in Southeast Asia, two of which are publicly listed in the U.S.
    • Since February 2025, the Company has signed partnerships with seven U.S. insurance agencies to pilot Helport AI Assist software.
    • Company to host “Investor/Analyst Day” at its North America HQ in San Diego in Q2 of 2025.

    Outlook for Second Half Fiscal Year 2025 & Beyond:

    • Revenue Growth: Accelerating revenue materialization from a robust pipeline of customers in our core sectors of insurance, mortgage sales, BPO call centers, consumer financing, and government services. Driving further expansion in the U.S. and Southeast Asia through enterprise partnerships and focused execution in these core industries.
    • Profitability & Cost Optimization: Improving AI training efficiency and cloud infrastructure to enhance margins over time.
    • AI+BPO Monetization: Expanding in-house AI + human service delivery model to facilitate new customer acquisition and rapid proof of concept. Leveraging this software plus service offering to efficiently scale user base and revenue generation across global markets.
    • Continued R&D Innovation: Investing in AI capabilities, including voice cloning, multilingual automation, and industry-specific integrations.

    Management Commentary

    “The first half of fiscal year 2025 delivered revenue growth of 13.1%, which was driven by continued enterprise adoption of AI-powered software, technology improvements, and the scaling of our international sales and operations teams,” said Guanghai Li, Chief Executive Officer of Helport AI. “During this time, we made significant investments in product development, cloud infrastructure, and international expansion, which temporarily impacted gross margins and profitability. However, we believe that these investments are essential to scaling our platform and expanding into new markets, and we maintained profitability despite these investments. Moreover, we have seen our enterprise customers increasingly leverage our AI-powered BPO solutions to drive cost efficiencies and improve customer engagement, helping differentiate ourselves as a market leader in the AI-driven customer contact space.”

    “On the technology front, our products are now comprehensively integrated with large language models (LLMs), which has been shown to enhance their ability to digest raw, unstructured information and provide smart, domain-specific applications for our growing customer base. We have also built new industry-specific knowledge bases, achieving major milestones for the Company across key sectors. Demonstrating this ability to penetrate new industries where we see vast growth potential, we have partnered with U.S.-based LendSure Mortgage Corp. (“LendSure”), a wholesale lender with a network of over 100,000 loan officers, as well as with seven insurance agencies across multiple US states. These scalable seeds represent early traction across multiple industry sectors, each of which represents significant market opportunities.”

    “Operationally, we continued to make strategic investments in our team and infrastructure to strengthen and expand our capabilities and global reach. We have established offices in the Philippines and the U.S. and are in the process of opening additional offices in North America and Southeast Asia to execute on both existing and potential demand in these regions. We also welcomed Amy Fong as President, Director, and Interim CFO. Amy is a seasoned executive who is now overseeing our finance functions, leading strategy across capital markets, partner and customer development, and global operations.”

    “Looking ahead to the second half of fiscal year 2025, we are building on our foundation and doubling down on strategic initiatives to accelerate revenue growth and enhance profitability. We are deepening penetration in what we anticipate will be high-growth markets, specifically North America and Southeast Asia. As demonstrated with our recent customer acquisitions across mortgage, insurance, and debt collection, we are tailoring our AI-powered solutions for industry-specific needs, aiming to expand adoption among BPOs, financial services, and public sector industries. We are driving monetization and acceleration of our AI+BPO offering, which has seen noteworthy demand in new segments such as consumer financing, which we expect will allow us to capture greater market share in AI-driven customer engagement solutions.”

    “We will continue to prioritize R&D investments and building next-generation AI products that further differentiate Helport AI in the market. We are also focusing on cost efficiencies, including optimizing AI training costs and cloud infrastructure, and improving unit economics per deployment, to strengthen profitability and deliver long-term value to our shareholders,” concluded Li.

    Financial Review for the Six Months Ended December 31, 2024 and 2023

    Revenue

    During the six months ended December 31, 2024 and 2023, all of our revenue was derived from AI services. Revenue increased by approximately US$1.9 million, or 13.1%, from US$14.5 million for the six months ended December 31, 2023 to US$16.4 million for the six months ended December 31, 2024. The increase was primarily attributable to the average monthly subscribed seats, which grew from 5,011 for the six months ended December 31, 2023 to 6,469 for the six months ended December 31, 2024. The growth was driven by (i) our efforts in continuous optimization and development in our service offerings and software platform, (ii) our abilities to improve overall cost performance for customers in their business management process, and (iii) the growing demand for AI software in the professional technology services market. During the first half of FY2025, the Company entered the U.S. market and secured several customers, demonstrating initial business traction and expansion potential.

    Cost of Revenue

    Cost of revenue primarily consists of amortization of software, payments to a third-party service provider for outsourced operations, as well as cloud infrastructure costs. Cost of revenue related to AI services increased by approximately US$2.6 million, or 55.2%, from US$4.8 million for the six months ended December 31, 2023 to US$7.4 million for the six months ended December 31, 2024, mainly due to the corresponding rise in outsourced operation costs as revenue increased. The growth rate of cost of revenue is proportionally higher than that of revenue, primarily due to investments required to serve new markets and customers. These investments enable us to enhance our product and service offerings with differentiated, competitive technology—particularly through the development of industry-specific application scenarios. These tailored solutions are essential for entering new sectors such as insurance, mortgage sales, and government services, as well as for localizing our platform to meet the regulatory and operational demands of new geographic regions like North America and Southeast Asia.

    Gross Profit

    As a result of the foregoing, we recorded gross profit of US$9.0 million and US$9.7 million for the six months ended December 31, 2024 and 2023, respectively. This reduction of gross profit margin from 67.0% to 54.6% is the result of the aforementioned elevated amortization costs from software R&D, increased outsourcing operation fees, and expanded cloud infrastructure, which we believe are necessary for our future growth and profitability.

    Selling and Marketing Expenses

    Our selling and marketing expenses increased by 953.0% from US$50,214 for the six months ended December 31, 2023 to US$528,746 for the six months ended December 31, 2024, which was mainly due to (i) the increase of payroll expenses of US$303,050, primarily driven by the establishment and ramp-up of dedicated sales and marketing teams in our U.S. subsidiary; and (ii) the increase of share-based compensation expense of US$121,800, resulting from share grants under the Company’s 2024 Equity Incentive Plan. The U.S. team expansion is part of our broader international growth strategy, aimed at strengthening our presence in North America—a key strategic market. As part of this effort, we significantly expanded our U.S. office presence, increasing headcount to support go-to-market execution, client onboarding, business development, and marketing in the region. In February 2024, we established the U.S. team, and by December 2024, it had expanded to twenty-two staff, among whom eight were engaged in selling and marketing activities.

    General and Administrative Expenses

    Our general and administrative expenses increased by 125.2% from US$2.0 million for the six months ended December 31, 2023 to US$4.6 million for the six months ended December 31, 2024, which was primarily attributable to: (i) an increase of US$1.5 million in professional service fees such as advisory fees, audit fees and legal fees for overseas listing; (ii) an increase of US$0.4 million in insurance expenses; (iii) an increase of US$0.2 million in payroll expenses resulting from the expansion of the management team’s headcount; and (iv) an increase of US$0.2 million in withholding tax incurred from 10% withholding tax on AI services provided to our customers in China.

    Research and Development Expenses

    Our research and development expenses increased by US$1.3 million from US$78.8 thousand for the six months ended December 31, 2023 to US$1.4 million for the six months ended December 31, 2024. The increase was attributable to an additional US$0.8 million in AI training service fees and US$0.3 million in product development fees incurred during the six months ended December 31, 2024, allowing us to better differentiate and diversify our product and services offerings with competitive technologies, especially as they relate to the development of industry-specific application scenarios.

    Financial Expenses, net

    Our financial expenses, net increased from US$19,162 for the six months ended December 31, 2023 to US$312,437 for the six months ended December 31, 2024, primarily due to an increase in foreign exchange loss of US$266,669 and the increase in interest expenses accrued for convertible promissory notes and the loan from a third party of US$22,139.

    Income Tax Expenses

    As a result of our operating income position for the six months ended December 31, 2024 and 2023, we incurred income tax expenses of US$0.7 million and US$1.3 million for the six months ended December 31, 2024 and 2023, respectively.

    Net Income

    As a result of the foregoing, our net income decreased by US$5.1 million, or 82.9%, from US$6.2 million for the six months ended December 31, 2023 to US$1.1 million for the six months ended December 31, 2024. The decrease in net income was mainly due to a US$2.6 million increase in general and administrative expenses, a US$1.4 million increase in research and development expenses, and a US$0.7 million decrease in gross profit.

    Liquidity and Capital Resources

    Cash was $0.9 million as of December 31, 2024, as compared to $0.1 million on December 31, 2023. We had a positive working capital of $7.6 million and $10.6 million as of December 31, 2024 and June 30, 2024, respectively. Our liquidity is based on our ability to enhance our operating cash flow position and obtain financing from equity and debt investors to fund our general operations and capital expenditure. Our ability to further enhance our liquidity depends on management’s ability to execute our business plan successfully, which includes optimizing accounts receivable collection and striking a balance between revenue growth and investments in R&D activities.

    Use of Non-GAAP Financial Measures

    We consider adjusted net income, a non-GAAP financial measure, as a supplemental measure to review and assess our operating performance. We define adjusted net income for a specific period as net income in the same period excluding share-based compensation expenses and changes in fair value of warrant liabilities.

    We present this non-GAAP financial measure because it is used by our management to evaluate our operating performance and formulate business plans. Accordingly, we believe that adjusted net income helps identify underlying trends in our business that could otherwise be distorted by the effect of certain expenses that are included in net income and certain expenses that are not expected to result in future cash payments or that are non-recurring in nature. We also believe that the use of the non-GAAP financial measure facilitates investors’ assessment of our operating performance, enhances the overall understanding of our past performance and future prospects and allows for greater visibility with respect to key metrics used by our management in its financial and operational decision making.

    The non-GAAP financial measure should not be considered in isolation from or construed as an alternative to its most directly comparable financial measure prepared in accordance with GAAP. Investors are encouraged to review the historical non-GAAP financial measure in reconciliation to its most directly comparable GAAP financial measure. As the non-GAAP financial measure has material limitations as an analytical metric and may not be calculated in the same manner by all companies, such measure may not be comparable to other similarly titled measure used by other companies. In light of the foregoing limitations, you should not consider the non-GAAP financial measure as a substitute for, or superior to, its most directly comparable financial measure prepared in accordance with GAAP. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure.

    The following table reconciles our adjusted net income for the periods indicated to the most directly comparable financial measure calculated and presented in accordance with U.S. GAAP, which is net income.

      For the six months ended
    December 31,
      2024   2023
    Net income $ 1,066,894   $ 6,243,606
    Add:          
    Share-based compensation expenses   223,933     –
    Change in fair value of warrant liabilities   336,136     –
    Total $ 1,626,963   $ 6,243,606


    First Half Fiscal Year 2025 Financial Results Conference Call

    Guanghai Li, Chief Executive Officer, and Amy Fong, President and Interim Chief Financial Officer, will host the conference call, followed by a question-and-answer session. The conference call will be accompanied by a presentation, which can be viewed during the webcast or accessed via the investor relations section of the Company’s website here.

    To access the call, please use the following information:

    Date: Monday, March 31, 2025
    Time: 4:30 p.m. Eastern Time, 1:30 p.m. Pacific Time
    Toll-free dial-in number: 1-800-274-8461
    International dial-in number: 1-203-518-9814
    Conference ID (Required for Entry): HELPORT

    Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact MZ Group at 1-949-491-8235.

    The conference call will be broadcast live and available for replay at https://viavid.webcasts.com/starthere.jsp?ei=1712485&tp_key=f52524cadf and via the investor relations section of the Company’s website here.

    A replay of the webcast will be available after 9:30 p.m. Eastern Time through July 1, 2025.

    Toll-free replay number: 1-844-512-2921
    International replay number: 1-412-317-6671
    Replay ID: 11158521


    About Helport AI Limited

    We are a global AI technology company serving enterprise clients with intelligent customer communication software and services. Our proprietary software offering, Helport AI Assist (“AI Assist”), is a real-time, AI-driven “co-pilot” providing intelligent guidance for customer contact professionals across business settings. In addition, we provide AI+BPO (Business Process Outsourcing) services to facilitate customer engagement, helping clients grow sales, improve customer service, and reduce operational costs.

    Forward-Looking Statements

    Certain statements in this announcement are forward-looking statements, including, but not limited to, HPAI’s business plan and outlook. These forward-looking statements involve known and unknown risks and uncertainties and are based on HPAI’s current expectations and projections about future events that HPAI believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions, although not all forward-looking statements contain these identifying words. HPAI undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although HPAI believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and HPAI cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in HPAI’s registration statement and other filings with the U.S. Securities and Exchange Commission.

    For more information, please contact:

    Helport AI Investor Relations:
    Website: https://ir.helport.ai  
    Email: ir@helport.ai

    External Investor Relations Contact:
    Chris Tyson 
    Executive Vice President
    MZ North America
    Direct: 949-491-8235
    HPAI@mzgroup.us  
    www.mzgroup.us

    HELPORT AI LIMITED
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (Amounts in and U.S. dollars (“US$”), except share data)
     
      As of December 31,   As of June 30,
      2024   2024
      (unaudited)    
    Cash $ 852,463   $ 2,581,086
    Accounts receivable   22,016,884     21,313,735
    Deferred offering costs   –     817,871
    Prepaid expenses and other receivables   2,027,167     41,966
    Total current assets   24,896,514     24,754,658
               
    Intangible assets, net   8,592,817     2,425,694
    Right-of-use assets, net   762,644     –
    Total non-current asset   9,355,461     2,425,694
    Total assets $ 34,251,975   $ 27,180,352
               
    Accounts payable $ 3,280,565   $ 284,067
    Income tax payable   2,508,021     2,724,998
    Amount due to related parties   536,538     965,776
    Convertible promissory notes   –     4,889,074
    Warrant liabilities   4,782,915     –
    Accrued expenses and other liabilities   5,684,775     5,263,239
    Lease liabilities, current   110,832     –
    Deferred tax liabilities   332,626     –
    Total current liabilities   17,236,272     14,127,154
               
    Lease liabilities, non-current   687,093     –
    Total non-current liabilities   687,093     –
    Total liabilities   17,923,365     14,127,154
               
    Commitments and contingencies          
               
    Ordinary shares (US$0.0001 par value per share; 500,000,000 authorized as of December 31, 2024 and June 30, 2024, respectively; 37,132,968 and 30,280,768 issued and outstanding as of December 31, 2024 and June 30, 2024, respectively)*   3,713     3,028
    Additional paid-in capital*   2,212,361     4,528
    Retained earnings   14,112,536     13,045,642
    Shareholders’ equity   16,328,610     13,053,198
    Total liabilities and shareholders’ equity $ 34,251,975   $ 27,180,352
               
    *Par value of ordinary shares, additional paid-in capital and share data have been retroactively restated to give effect to the reverse recapitalization that is discussed in Note 1 to the unaudited condensed consolidated financial statements.
    HELPORT AI LIMITED
    UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
    (Amounts in and U.S. dollars (“US$”), except share data)
     
      For the six months ended December 31,
      2024   2023
      (unaudited)   (unaudited)
    Revenue $ 16,406,402     $ 14,506,363  
    Cost of revenue   (7,440,338 )     (4,793,021 )
    Gross profit   8,966,064       9,713,342  
               
    Selling expenses   (528,746 )     (50,214 )
    General and administrative expenses   (4,598,484 )     (2,042,289 )
    Research and development expenses   (1,448,115 )     (78,757 )
    Total operating expenses   (6,575,345 )     (2,171,260 )
               
    Income from operation   2,390,719       7,542,082  
               
    Financial expenses, net   (312,437 )     (19,162 )
    Change in fair value of warrant liabilities   (336,136 )     –  
    Income before income tax expense   1,742,146       7,522,920  
    Income tax expense   (675,252 )     (1,279,314 )
    Net income $ 1,066,894     $ 6,243,606  
               
    Total comprehensive income $ 1,066,894     $ 6,243,606  
               
    Earnings per ordinary share          
    Basic   0.03       0.21  
    Diluted   0.03       0.21  
    Weighted average number of ordinary shares outstanding*          
    Basic   35,990,935       30,280,768  
    Diluted   35,990,935       30,280,768  
     
    *Share data have been retroactively restated to give effect to the reverse recapitalization that is discussed in Note 1 to the unaudited condensed consolidated financial statements.
    HELPORT AI LIMITED
    UNAUDITED CONDENSED CONDOLIDATED STATEMENTS OF CASH FLOWS
    (Amounts in and U.S. dollars (“US$”), except share data)
     
      For the six months ended December 31,
      2024   2023
      (unaudited)   (unaudited)
    CASH FLOWS FROM OPERATING ACTIVITIES:          
    Net income $ 1,066,894     $ 6,243,606  
    Adjustments to reconcile net income to net cash provided by operating activities:          
    Amortization of intangible assets   1,957,877       1,166,667  
    Amortization of right-of-use assets   36,806       –  
    Share-based compensation   223,933       –  
    Change in fair value of warrant liabilities   336,136       –  
    Changes in operating assets and liabilities:          
    Accounts receivable   (703,149 )     (5,809,454 )
    Prepaid expenses and other receivables   1,028,346       (57,896 )
    Accounts payable   2,996,498       1,654,223  
    Amount due to related parties   –       10,800  
    Accrued expenses and other liabilities   (3,196,882 )     1,939,154  
    Income tax payable   (216,977 )     1,279,315  
    Deferred tax liabilities   332,626       –  
    Lease liabilities   (10,810 )     –  
    Net cash provided by operating activities   3,851,298       6,426,415  
               
    CASH FLOWS FORM INVESTING ACTIVITY          
    Purchase of intangible assets   (8,125,000 )     (7,000,000 )
    Net cash used in investing activity   (8,125,000 )     (7,000,000 )
               
    CASH FLOWS FORM FINANCING ACTIVITIES          
    Deferred offering costs   (213,052 )     (467,465 )
    Loan from a third party   –       954,909  
    Repayment of loans from a third party   (199,582 )     –  
    Repayment of loans from related parties   (429,238 )     (5,143 )
    Cash inflow from reverse recapitalization   1,136,951       –  
    Proceeds from PIPE investments   2,600,000       –  
    Repayment of sponsor loans   (350,000 )     –  
    Net cash provided by financing activities   2,545,079       482,301  
               
    Effect of exchange rate changes   –       (130 )
               
    Net change in cash   (1,728,623 )     (91,414 )
    Cash at the beginning of the period   2,581,086       142,401  
    Cash at the end of the period $ 852,463     $ 50,987  
               
    SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:          
    Recognition of right-of use assets and lease liabilities $ 799,450     $ –  

    The MIL Network –

    April 1, 2025

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

    Source: GlobeNewswire (MIL-OSI)

    Annualized Recurring Revenue (“ARR”) of $836 million Grew 48% year-over-year
    Revenue of $238 million Grew 29% year-over-year
    ShareFile Integration Underway

    BURLINGTON, Mass., March 31, 2025 (GLOBE NEWSWIRE) — Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced financial results for its fiscal first quarter ended February 28, 2025.

    First Quarter 2025 Highlights:

    • Revenue and non-GAAP revenue of $238 million increased 29% year-over-year on an actual and 30% on a constant currency basis.
    • Annualized Recurring Revenue (“ARR”) of $836 million increased 48% year-over-year on a constant currency basis.
    • Operating margin was 14% and non-GAAP operating margin was 39%.
    • Diluted earnings per share was $0.24 compared to $0.51 in the same quarter last year, a decrease of 53%. 
    • Non-GAAP diluted earnings per share was $1.31 compared to $1.25 in the same quarter last year, an increase of 5%.

    “We’re extremely pleased with our excellent Q1 results,” said Yogesh Gupta, CEO of Progress. “We are ahead, or on plan, with all our ShareFile integration milestones, which are providing significant contributions to ARR and revenues, as well as expense savings. Our solid performance on the top line was again driven by our product portfolio across the board, with our data platform and infrastructure management products having a particularly solid quarter. Our Net Retention Rate again surpassed 100%, which reflects the resiliency of our business and the strength of our customer relationships. Operationally, our first quarter was solid by every metric, and I am extremely proud of our team for their dedication and relentless commitment to our customers.”

    Additional financial highlights included:

      Three Months Ended
      GAAP   Non-GAAP
    (In thousands, except percentages and per share amounts) February 28, 2025   February 29, 2024   % Change   February 28, 2025   February 29, 2024   % Change
    Revenue $ 238,015     $ 184,685       29 %   $ 238,015     $ 184,685       29 %
    Income from operations $ 32,426     $ 35,006       (7 )%   $ 93,595     $ 76,756       22 %
    Operating margin   14 %     19 %     (500) bps       39 %     42 %     (300) bps  
    Net income $ 10,946     $ 22,639       (52 )%   $ 58,995     $ 55,928       5 %
    Diluted earnings per share $ 0.24     $ 0.51       (53 )%   $ 1.31     $ 1.25       5 %
    Cash from operations (GAAP) / Adjusted free cash flow (non-GAAP) / Unlevered free cash flow (non-GAAP) $ 68,947     $ 70,504       (2 )%   $ 73,211     $ 72,204       1 %
                        $ 87,954   $ 78,079     13 %
                                           

    See Important Information Regarding Non-GAAP Financial Measures, Liquidity Measures, and Select Performance Metrics and a reconciliation of non-GAAP adjustments to Progress’ GAAP financial results at the end of this press release.

    Other fiscal first quarter 2025 metrics and recent results included:

    • Cash and cash equivalents were $124.2 million at the end of the quarter.
    • Days sales outstanding was 48 days compared to 50 days in the fiscal first quarter of 2024 and 67 days in the fiscal fourth quarter of 2024.

    “We’re off to a very strong start for FY25, as our Q1 results demonstrate. Revenues at the high end of guidance reflect steady demand; expenses remain well-controlled; cash flow was again strong; and our bottom-line results and raised EPS guidance reflect numerous positives,” said Anthony Folger, CFO of Progress. “Beyond excellent financial performance, we repurchased $30 million of Progress shares and accelerated repayment of the revolving credit line used to partially finance the ShareFile acquisition, paying down $30 million during Q1. The ShareFile integration is tracking well, and we expect to complete the integration by year-end.”

    2025 Business Outlook

    Progress provides the following guidance for the fiscal year ending November 30, 2025 and the fiscal second quarter ending May 31, 2025:

      Updated FY 2025 Guidance
    (March 31, 2025)    		   Prior FY 2025 Guidance
    (January 21, 2025)
    (In millions, except percentages and per share amounts) GAAP   Non-GAAP   GAAP   Non-GAAP
    Revenue $958 – $970     $958 – $970     $958 – $970     $958 – $970  
    Diluted earnings per share $1.19 – $1.35     $5.25 – $5.37     $1.08 – $1.23     $5.00 – $5.12  
    Operating margin 14% – 15 %   38 %   14% – 15 %   37% – 38 %
    Cash from operations (GAAP) / Adjusted free cash flow (non-GAAP) / Unlevered free cash flow (non-GAAP) $216 – $228     $226 – $238     $216 – $228     $225 – $237  
        $283 – $294       $282 – $294  
    Effective tax rate 19 %   20 %   21 %   20 %
                           
      Q2 2025 Guidance
    (In millions, except per share amounts) GAAP   Non-GAAP
    Revenue $235 – $241     $235 – $241  
    Diluted earnings per share $0.24 – $0.30     $1.28 – $1.34  
               

    Based on current exchange rates, the expected negative currency translation impact on our:

    • Fiscal year 2025 business outlook compared to 2024 exchange rates is approximately $2.8 million on revenue.
    • Fiscal Q2 2025 business outlook compared to 2024 exchange rates is approximately $0.1 million on revenue.

    Based on current exchange rates, the currency translation impact is expected to be immaterial on our GAAP and non-GAAP diluted earnings per share for both fiscal year 2025 and Q2 2025.

    To the extent that there are changes in exchange rates versus the current environment and/or our expectations, this may have an impact on Progress’ business outlook.

    Conference Call

    Progress will hold a conference call to review its financial results for the fiscal first quarter of 2025 at 5:00 p.m. ET on Monday, March 31, 2025. Participants must register for the conference call here: https://register-conf.media-server.com/register/BIb86bb577ced14b9fa67069eb761f36a9. The webcast can be accessed at: https://edge.media-server.com/mmc/p/bt5rgqn7. The conference call will include comments followed by questions and answers. Attendees must register for the webcast and an archived version of the conference call and supporting materials will be available on the Progress website within the investor relations section after the live conference call.

    About Progress

    Progress (Nasdaq: PRGS) empowers organizations to achieve transformational success in the face of disruptive change. Our software enables our customers to develop, deploy and manage responsible AI-powered applications and digital experiences with agility and ease. Customers get a trusted provider in Progress, with the products, expertise and vision they need to succeed. Over 4 million developers and technologists at hundreds of thousands of enterprises depend on Progress. Learn more at www.progress.com.

    Progress and Progress Software are trademarks or registered trademarks of Progress Software Corporation and/or its subsidiaries or affiliates in the U.S. and other countries. Any other names contained herein may be trademarks of their respective owners.

    Investor Contact:   Press Contact:
    Michael Micciche   Jeff Young
    Progress Software   Progress Software
    +1 781 850 8450   +1 781 280 4000
    Investor-Relations@progress.com   PR@progress.com
         

    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
    (Unaudited)

      Three Months Ended
    (In thousands, except per share data) February 28, 2025   February 29, 2024   % Change
    Revenue:          
    Software licenses $ 58,445     $ 64,100       (9 )%
    Maintenance, SaaS, and professional services   179,570       120,585       49 %
    Total revenue   238,015       184,685       29 %
    Costs of revenue:          
    Cost of software licenses   2,925       2,731       7 %
    Cost of maintenance, SaaS, and professional services   32,884       22,219       48 %
    Amortization of acquired intangibles   10,422       7,859       33 %
    Total costs of revenue   46,231       32,809       41 %
    Gross profit   191,784       151,876       26 %
    Operating expenses:          
    Sales and marketing   51,296       39,111       31 %
    Product development   46,375       34,988       33 %
    General and administrative   25,623       21,344       20 %
    Amortization of acquired intangibles   25,808       17,389       48 %
    Cyber vulnerability response expenses, net   737       987       (25 )%
    Restructuring expenses   7,029       2,349       199 %
    Acquisition-related expenses   2,490       702       255 %
    Total operating expenses   159,358       116,870       36 %
    Income from operations   32,426       35,006       (7 )%
    Other expense, net   (19,124 )     (7,399 )     158 %
    Income before income taxes   13,302       27,607       (52 )%
    Provision for income taxes   2,356       4,968       (53 )%
    Net income $ 10,946     $ 22,639       (52 )%
                   
    Earnings per share:              
    Basic $ 0.25     $ 0.52       (52 )%
    Diluted $ 0.24     $ 0.51       (53 )%
    Weighted average shares outstanding:              
    Basic   43,256       43,802       (1 )%
    Diluted   44,887       44,826       — %
                   
    Cash dividends declared per common share $ —     $ 0.175       (100 )%
                       
    Stock-based compensation is included in the condensed consolidated statements of operations, as follows:
    Cost of revenue $ 1,195     $ 986       21 %
    Sales and marketing   3,032       2,312       31 %
    Product development   4,410       3,665       20 %
    General and administrative   6,046       5,501       10 %
    Total $ 14,683     $ 12,464       18 %
                           

    CONDENSED CONSOLIDATED BALANCE SHEETS
    (Unaudited)

    (In thousands) February 28, 2025   November 30, 2024
    Assets      
    Current assets:      
    Cash and cash equivalents $ 124,161     $ 118,077  
    Accounts receivable, net   126,366       163,575  
    Unbilled receivables   35,454       34,672  
    Other current assets   54,694       52,489  
    Total current assets   340,675       368,813  
    Property and equipment, net   13,233       13,746  
    Goodwill and intangible assets, net   1,980,181       2,015,748  
    Right-of-use lease assets   28,308       30,894  
    Long-term unbilled receivables   30,416       28,893  
    Other assets   69,605       68,872  
    Total assets $ 2,462,418     $ 2,526,966  
    Liabilities and shareholders’ equity      
    Current liabilities:      
    Accounts payable and other current liabilities $ 90,768     $ 113,801  
    Short-term operating lease liabilities   8,975       9,202  
    Short-term deferred revenue, net   328,798       332,142  
    Total current liabilities   428,541       455,145  
    Long-term debt, net   700,000       730,000  
    Convertible senior notes, net   797,277       796,267  
    Long-term operating lease liabilities   24,260       26,259  
    Long-term deferred revenue, net   71,508       72,270  
    Other long-term liabilities   8,985       8,237  
    Stockholders’ equity:      
    Common stock and additional paid-in capital   353,469       354,592  
    Retained earnings   78,378       84,196  
    Total stockholders’ equity   431,847       438,788  
    Total liabilities and stockholders’ equity $ 2,462,418     $ 2,526,966  
                   

    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (Unaudited)  

      Three Months Ended
    (In thousands) February 28, 2025   February 29, 2024
    Cash flows from operating activities:      
    Net income $ 10,946     $ 22,639  
    Depreciation and amortization   39,209       27,544  
    Stock-based compensation   14,683       12,464  
    Other non-cash adjustments   3,070       1,327  
    Changes in operating assets and liabilities   1,039       6,530  
    Net cash flows from operating activities   68,947       70,504  
    Capital expenditures   (1,290 )     (309 )
    Repurchases of common stock, net of issuances   (23,870 )     (14,917 )
    Dividend equivalent and dividend payments to stockholders   (359 )     (8,171 )
    Payments for acquisitions   (1,195 )     —  
    Principal payment on term loan and repayment of revolving line of credit   (30,000 )     (33,437 )
    Other   (6,149 )     (7,406 )
    Net change in cash and cash equivalents   6,084       6,264  
    Cash and cash equivalents, beginning of period   118,077       126,958  
    Cash and cash equivalents, end of period $ 124,161     $ 133,222  
                   

    RECONCILIATIONS OF GAAP TO NON-GAAP SELECTED FINANCIAL MEASURES
    (Unaudited)

      Three Months Ended
    (In thousands, except per share data) February 28, 2025   February 29, 2024
    Adjusted income from operations:      
    GAAP income from operations $ 32,426     $ 35,006  
    Amortization of acquired intangibles   36,230       25,248  
    Stock-based compensation   14,683       12,464  
    Restructuring expenses   7,029       2,349  
    Acquisition-related expenses   2,490       702  
    Cyber vulnerability response expenses, net   737       987  
    Non-GAAP income from operations $ 93,595     $ 76,756  
           
    Adjusted net income:      
    GAAP net income $ 10,946     $ 22,639  
    Amortization of acquired intangibles   36,230       25,248  
    Stock-based compensation   14,683       12,464  
    Restructuring expenses   7,029       2,349  
    Acquisition-related expenses   2,490       702  
    Cyber vulnerability response expenses, net   737       987  
    Provision for income taxes   (13,120 )     (8,461 )
    Non-GAAP net income $ 58,995     $ 55,928  
           
    Adjusted diluted earnings per share:      
    GAAP diluted earnings per share $ 0.24     $ 0.51  
    Amortization of acquired intangibles   0.80       0.56  
    Stock-based compensation   0.32       0.28  
    Restructuring expenses   0.16       0.05  
    Acquisition-related expenses   0.06       0.02  
    Cyber vulnerability response expenses, net   0.02       0.02  
    Provision for income taxes   (0.29 )     (0.19 )
    Non-GAAP diluted earnings per share $ 1.31     $ 1.25  
           
    Non-GAAP weighted avg shares outstanding – diluted   44,887       44,826  
           

    OTHER NON-GAAP FINANCIAL MEASURES
    (Unaudited)

    Adjusted Free Cash Flow and Unlevered Free Cash Flow          
      Three Months Ended
    (In thousands) February 28, 2025   February 29, 2024   % Change
    Cash flows from operations $ 68,947     $ 70,504       (2 )%
    Purchases of property and equipment   (1,290 )     (309 )     317 %
    Free cash flow   67,657       70,195       (4 )%
    Add back: restructuring payments   5,554       2,009       176 %
    Adjusted free cash flow $ 73,211     $ 72,204       1 %
    Add back: tax-effected interest expense   14,743       5,875       151 %
    Unlevered free cash flow $ 87,954     $ 78,079       13 %
                           

    RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES FOR FISCAL YEAR 2025 GUIDANCE
    (Unaudited)

    Fiscal Year 2025 Updated Non-GAAP Operating Margin Guidance
      Fiscal Year Ending November 30, 2025
    (In millions) Low   High
    GAAP income from operations $ 137.2     $ 145.7  
    GAAP operating margins   14 %     15 %
    Acquisition-related expense   6.0       6.0  
    Restructuring expense   9.4       9.4  
    Stock-based compensation   62.8       62.8  
    Amortization of acquired intangibles   144.9       144.9  
    Cyber vulnerability response expenses, net   4.2       4.2  
    Total adjustments(1)   227.3       227.3  
    Non-GAAP income from operations $ 364.5     $ 373.0  
    Non-GAAP operating margin   38 %     38 %
    (1)Total adjustments include preliminary estimates relating to the valuation of intangible assets acquired from ShareFile and restructuring expenses. The final amounts will not be available until the Company’s internal procedures and reviews are completed.
     
    Fiscal Year 2025 Updated Non-GAAP Earnings per Share and Effective Tax Rate Guidance
      Fiscal Year Ending November 30, 2025
    (In millions, except per share data) Low   High
    GAAP net income $ 53.2     $ 60.9  
    Adjustments (from previous table)   227.3       227.3  
    Income tax adjustment(2)   (46.1 )     (46.2 )
    Non-GAAP net income $ 234.4     $ 242.0  
           
    GAAP diluted earnings per share $ 1.19     $ 1.35  
    Non-GAAP diluted earnings per share $ 5.25     $ 5.37  
           
    Diluted weighted average shares outstanding   44.7       45.1  
             
             
    2 Tax adjustment is based on a non-GAAP effective tax rate of approximately 20%, calculated as follows:
        Fiscal Year Ending November 30, 2025
        Low   High
    Non-GAAP income from operations   $ 364.5     $ 373.0  
    Other (expense) income     (71.5 )     (70.5 )
    Non-GAAP income from continuing operations before income taxes     293.0       302.5  
    Non-GAAP net income     234.4       242.0  
    Tax provision   $ 58.6     $ 60.5  
    Non-GAAP tax rate     20 %     20 %
                     

    RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES FOR FISCAL YEAR 2025 GUIDANCE
    (Unaudited)

    Fiscal Year 2025 Adjusted Free Cash Flow and Unlevered Free Cash Flow Guidance
      Fiscal Year Ending November 30, 2025
    (In millions) Low   High
    Cash flows from operations (GAAP) $ 216     $ 228  
    Purchases of property and equipment   (7 )     (7 )
    Add back: restructuring payments   17       17  
    Adjusted free cash flow (non-GAAP)   226       238  
    Add back: tax-effected interest expense   57       56  
    Unlevered free cash flow (non-GAAP) $ 283     $ 294  
                   

    RECONCILIATIONS OF GAAP TO NON-GAAP FINANCIAL MEASURES FOR Q2 2025 GUIDANCE
    (Unaudited)

    Q2 2025 Non-GAAP Earnings per Share Guidance
      Three Months Ending May 31, 2025
      Low   High
    GAAP diluted earnings per share $ 0.24     $ 0.30  
    Acquisition-related expense   0.04       0.04  
    Restructuring expense   0.03       0.03  
    Stock-based compensation   0.38       0.38  
    Amortization of acquired intangibles   0.83       0.83  
    Cyber vulnerability response expenses, net   0.01       0.01  
    Total adjustments(1)   1.29       1.29  
    Income tax adjustment   (0.25 )     (0.25 )
    Non-GAAP diluted earnings per share $ 1.28     $ 1.34  
    (1)Total adjustments include preliminary estimates relating to the valuation of intangible assets acquired from ShareFile and restructuring expenses. The final amounts will not be available until the Company’s internal procedures and reviews are completed.
                   

    Important Information Regarding Non-GAAP Financial Measures, Liquidity Measures and Select Performance Metrics

    Progress furnishes certain non-GAAP supplemental information to our financial results. We use such non-GAAP financial measures to evaluate our period-over-period operating performance because our management team believes that excluding the effects of certain GAAP-related items helps to illustrate underlying trends in our business and provides us with a more comparable measure of our continuing business, as well as greater understanding of the results from the primary operations of our business. Management also uses such non-GAAP financial measures to establish budgets and operational goals, evaluate performance, and allocate resources. In addition, the compensation of our executives and non-executive employees is based in part on the performance of our business as evaluated by such non-GAAP financial measures. We believe these non-GAAP financial measures enhance investors’ overall understanding of our current financial performance and our prospects for the future by: (i) providing more transparency for certain financial measures, (ii) presenting disclosure that helps investors understand how we plan and measure the performance of our business, (iii) affords a view of our operating results that may be more easily compared to our peer companies, and (iv) enables investors to consider our operating results on both a GAAP and non-GAAP basis (including following the integration period of our prior and proposed acquisitions). However, this non-GAAP information is not in accordance with, or an alternative to, generally accepted accounting principles in the United States (“GAAP”) and should be considered in conjunction with our GAAP results as the items excluded from the non-GAAP information may have a material impact on Progress’ financial results. A reconciliation of non-GAAP adjustments to Progress’ GAAP financial results is included in the tables above.

    In the noted fiscal periods, we adjusted for the following items from our GAAP financial results to arrive at our non-GAAP financial measures:

    • Amortization of acquired intangibles – We exclude amortization of acquired intangibles because those expenses are unrelated to our core operating performance and the intangible assets acquired vary significantly based on the timing and magnitude of our acquisition transactions and the maturities of the businesses acquired. Adjustments include preliminary estimates relating to the valuation of intangible assets from ShareFile. The final amounts will not be available until the Company’s internal procedures and reviews are completed.
    • Stock-based compensation – We exclude stock-based compensation to be consistent with the way management and, in our view, the overall financial community evaluates our performance and the methods used by analysts to calculate consensus estimates. The expense related to stock-based awards is generally not controllable in the short-term and can vary significantly based on the timing, size and nature of awards granted. As such, we do not include these charges in operating plans.
    • Restructuring expenses – In all periods presented, we exclude restructuring expenses incurred because those expenses distort trends and are not part of our core operating results. Adjustments include preliminary estimates relating to restructuring expenses from ShareFile. The final amounts will not be available until the Company’s internal procedures and reviews are completed.
    • Acquisition-related expenses – We exclude acquisition-related expenses in order to provide a more meaningful comparison of the financial results to our historical operations and forward-looking guidance and the financial results of less acquisitive peer companies. We consider these types of costs and adjustments, to a great extent, to be unpredictable and dependent on a significant number of factors that are outside of our control. Furthermore, we do not consider these acquisition-related costs and adjustments to be related to the organic continuing operations of the acquired businesses and are generally not relevant to assessing or estimating the long-term performance of the acquired assets. In addition, the size, complexity and/or volume of past acquisitions, which often drives the magnitude of acquisition-related costs, may not be indicative of the size, complexity and/or volume of future acquisitions.
    • Cyber vulnerability response expenses, net – We exclude certain expenses resulting from the zero-day MOVEit Vulnerability, as more thoroughly described in our filings with the Securities and Exchange Commission since June 5, 2023. Expenses include costs to investigate and remediate these cyber related matters, as well as legal and other professional services related thereto. Expenses related to such cyber matters are provided net of expected insurance recoveries, although the timing of recognizing insurance recoveries may differ from the timing of recognizing the associated expenses. Costs associated with the enhancement of our cybersecurity program are not included within this adjustment. We expect to continue to incur legal and other professional services expenses in future periods associated with the MOVEit vulnerability. Expenses related to such cyber matters are expected to result in operating expenses that would not have otherwise been incurred in the normal course of business operations. We believe that excluding these costs facilitates a more meaningful evaluation of our operating performance and comparisons to our past operating performance.
    • Provision for income taxes – We adjust our income tax provision by excluding the tax impact of the non-GAAP adjustments discussed above.
    • Constant currency – Revenue from our international operations has historically represented a substantial portion of our total revenue. As a result, our revenue results have been impacted, and we expect will continue to be impacted, by fluctuations in foreign currency exchange rates. As exchange rates are an important factor in understanding period-to-period comparisons, we present revenue growth rates on a constant currency basis, which helps improve the understanding of our revenue results and our performance in comparison to prior periods. The constant currency information presented is calculated by translating current period results using prior period weighted average foreign currency exchange rates.

    In the noted fiscal periods, we also present the following liquidity measures:

    • Adjusted free cash flow (“AFCF”) and unlevered free cash flow (“Unlevered FCF”) – AFCF is equal to cash flows from operating activities less purchases of property and equipment, plus restructuring payments. Unlevered FCF is AFCF plus tax-effected interest expense on outstanding debt.

    In the noted fiscal periods, we also present the following select performance metrics:

    • Annualized Recurring Revenue (“ARR”) – We disclose ARR as a performance metric to help investors better understand and assess the performance of our business because our mix of revenue generated from recurring sources currently represents the substantial majority of our revenues and is expected to continue in the future. We define ARR as the annualized revenue of all active and contractually binding term-based contracts from all customers at a point in time. ARR includes revenue from maintenance, software upgrade rights, public cloud, and on-premises subscription-based transactions and managed services. ARR mitigates fluctuations in revenue due to seasonality, contract term and the sales mix of subscriptions for term-based licenses and SaaS. We use ARR to understand customer trends and the overall health of our business, helping us to formulate strategic business decisions.

      We calculate the annualized value of annual and multi-year contracts, and contracts with terms less than one year, by dividing the total contract value of each contract by the number of months in the term and then multiplying by 12. Annualizing contracts with terms less than one-year results in amounts being included in our ARR that are in excess of the total contract value for those contracts at the end of the reporting period. We generally do not sell non-SaaS-based contracts with a term of less than one year unless a customer is purchasing additional licenses under an existing annual or multi-year contract. The expectation is that at the time of renewal, such contracts with a term less than one year will renew with the same term as the existing contracts being renewed, such that both contracts are co-termed. Historically, such contracts with a term of less than one year renew at rates equal to or better than annual or multi-year contracts.

      For SaaS-based contracts, there is a meaningful percentage of monthly auto-renewing contracts for which annualizing the contracts results in amounts being included in our ARR that are in excess of the total contract value for those contracts at the end of the reporting period.

      Revenue from term-based license and on-premises subscription arrangements include a portion of the arrangement consideration that is allocated to the software license that is recognized up-front at the point in time control is transferred under ASC 606 revenue recognition principles. ARR for these arrangements is calculated as described above. The expectation is that the total contract value, inclusive of revenue recognized as software license, will be renewed at the end of the contract term.

      The calculation is done at constant currency using the current year budgeted exchange rates for all periods presented.

      ARR is not defined in GAAP and is not derived from a GAAP measure. Rather, ARR generally aligns to billings (as opposed to GAAP revenue which aligns to the transfer of control of each performance obligation). ARR does not have any standardized meaning and is therefore unlikely to be comparable to similarly titled measures presented by other companies. ARR should be viewed independently of revenue and deferred revenue and is not intended to be combined with or to replace either of those items. ARR is not a forecast and the active contracts at the end of a reporting period used in calculating ARR may or may not be extended or renewed by our customers.

    • Net Retention Rate (“NRR”) – We calculate net retention rate as of a period end by starting with the ARR from the cohort of all customers as of 12 months prior to such period end (“Prior Period ARR”). We then calculate the ARR from these same customers as of the current period end (“Current Period ARR”). Current Period ARR includes any expansion and is net of contraction or attrition over the last 12 months but excludes ARR from new customers in the current period. We then divide the total Current Period ARR by the total Prior Period ARR to arrive at the net retention rate. Net retention rate is not calculated in accordance with GAAP and is not derived from a GAAP measure.

    Note Regarding Forward-Looking Statements

    This press release contains statements that are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Progress has identified some of these forward-looking statements with words like “believe,” “may,” “could,” “would,” “might,” “should,” “expect,” “intend,” “plan,” “target,” “anticipate” and “continue,” the negative of these words, other terms of similar meaning or the use of future dates. Forward-looking statements in this press release include, but are not limited to, statements regarding Progress’ business outlook (including future acquisition activity) and financial guidance. There are a number of factors that could cause actual results or future events to differ materially from those anticipated by the forward-looking statements, including, without limitation: (i) economic, geopolitical and market conditions can adversely affect our business, results of operations and financial condition, including our revenue growth and profitability, which in turn could adversely affect our stock price; (ii) our international sales and operations subject us to additional risks that can adversely affect our operating results, including risks relating to foreign currency gains and losses; (iii) we may fail to achieve our financial forecasts due to such factors as delays or size reductions in transactions, fewer large transactions in a particular quarter, fluctuations in currency exchange rates, or a decline in our renewal rates for contracts; (iv) if the security measures for our software, services, other offerings or our internal information technology infrastructure are compromised or subject to a successful cyber-attack, or if our software offerings contain significant coding or configuration errors or zero-day vulnerabilities, we may experience reputational harm, legal claims and financial exposure; and the results of inquiries, investigations and legal claims regarding the MOVEit Vulnerability remain uncertain, while the ultimate resolution of these matters could result in losses that may be material to our financial results for a particular period; and (v) future acquisitions may not be successful or may involve unanticipated costs or other integration issues that could disrupt our existing operations; and (vi) expected synergies and benefits of the ShareFile acquisition may not be realized which could negatively impact our future results of operations and financial condition. For further information regarding risks and uncertainties associated with Progress’ business, please refer to our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended November 30, 2024. Progress undertakes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

    The MIL Network –

    April 1, 2025

  • MIL-OSI: Credtent Announces $17-20 Million Dollar Valuation of Studio Ghibli’s IP for AI Training and Advocates for Creative Consent

    Source: GlobeNewswire (MIL-OSI)

    Los Angeles, CA, March 31, 2025 (GLOBE NEWSWIRE) — Credtent, Inc., a leader in ethical AI and content licensing, has independently assessed the AI training value of Studio Ghibli’s intellectual property at $17 to 20 million annually for enterprise AI platforms. This third-party evaluation underscores the importance of fair compensation for creators whose unique styles are often used in generative AI tools without consent or compensation.

    Credtent’s Official CVE for Studio Ghibli

    The studio is admired the world over for their award-winning and distinctive films like My Neighbor Totoro, Princess Mononoke, and Kiki’s Delivery Service. The company’s iconic founder, Hayao Miyazaki, has expressed disdain for AI art before, calling it “an assault on life itself.” With Ghibli-styled memes flooding the Internet this last week, fans have complained about the unauthorized use of the studio’s work.

    Credtent’s Director of Creator Outreach, Deborah Drake, emphasized the need for respect and collaboration between artists and AI tools, stating, “Artists and technologists think about creative work differently. What is art to creatives is just data to AI companies. As a neutral utility, we enable them both to find common ground with opt-out options and fair-market license pricing.”

    Drawing on more than a decade of experience setting industry standards for the value of content and earned media, Credtent’s team calculates pricing for AI training data based on a cross-section of factors grounded in scientific first principles set by the company’s Chief Science Officer, Dr. Galen Buckwalter. Using publicly available data and its expertise in pricing content, Credtent assessed this value to highlight the importance of creative consent.

    “The studio could command multi-million dollar pricing from AI companies if they licensed their work for random meme creation,” said Credtent CEO Eric R. Burgess. “But if they feel, as I do, that a gorgeous film like Spirited Away is devalued by random AI slop in its style, their company’s and their artists’ names should be restricted from generative AI prompting.”

    Guardrails like these are already in place for many artist names on most Large Language Models (LLMs). They are just not applied to all artists who don’t want their work exploited. “That’s why we built Credtent – to track opt-out requests and licensing across the AI industry for artists and creators of all types,” added Burgess. The company offers creators the ability to opt-out of AI training in one place. Their list is available to all AI companies to ensure respect for creative consent.

    Starting in Q2 2025, artists can also license their work to earn revenue through Credtent’s Training Data Marketplace. Thousands of creators have already registered their diverse works, including books, albums, podcasts, music, photos and art, and more to opt-out or for licensing. They will benefit from the highest pay rates in the industry because Credtent is a certified Public Benefit Corporation with plans to deliver 85% of licensing revenue to creators.

    “Credtent’s goal is to orchestrate relationships between AI and creative people without stifling innovation,” said Burgess. “We want to support creative people thriving in the Age of AI, while also helping AI companies use credible, licensed content that protects them from lawsuits for copyright infringement and inaccuracy claims.”

    Credtent’s commitment to ethical AI is further shown through their certified Ethical Sourcing Badges. These badges are awarded to companies that respect creative rights and undergo regular audits in partnership with Credtent. This initiative helps LLM customers feel confident about using outputs without worrying about copyright violations. Last year, Credtent also introduced Creative Origin Badges to enable creative people to be transparent about their use of AI so audiences can make their own choice about supporting AI-composed content, AI-Assisted work, or creative work that is entirely human-composed.

    Open Enrollment for Credtent’s free licensing option is available until July 31st and lifetime Opt-Out requests are free through December 31st. For more information, visit Credtent’s website.

    Credtent’s Ethical Sourcing Badges for LLMs that subscribe to the platform.

    About Credtent, Inc.

    Credtent is a Public Benefit Corporation that enables creators to exclude their work or profit from AI by setting fair licensing terms for responsible companies seeking credible, unbiased training data. We issue Content Origin and Sourcing Badges, and help AI companies make better decisions about the content they use to train their models.

    Press inquiries

    Credtent, Inc.
    https://www.credtent.org
    Carmen Sinata
    hello@credtent.org
    626-600-1226 
    1822 E. Route 66, Ste. A353
    Glendora, CA 91740

    The MIL Network –

    April 1, 2025

  • MIL-OSI: BYDFi Lists GUNZ Token: Gunzilla Games Raises Nearly $100M, Ushering in the Next Era of AAA Web3 Gaming

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, March 31, 2025 (GLOBE NEWSWIRE) — The globally renowned crypto exchange BYDFi today announced the global listing of the GUNZ token($GUN), the native asset of the GUNZ Layer1 blockchain developed by German AAA game studio Gunzilla Games. As one of the first crypto economies purpose-built for AAA gaming, GUNZ is rapidly emerging as a standout Web3 project thanks to its strong institutional backing and groundbreaking infrastructure tailored for next-generation gaming.

    GUNZ: A Layer-1 Blockchain Built for AAA Games

    Unlike early play-to-earn experiments driven by hype, GUNZ is purpose-built to embed blockchain seamlessly into high-end gaming environments. The chain ensures true digital ownership of in-game assets while enhancing player experience—without disrupting gameplay.

    Developed by Gunzilla Games, GUNZ will power the studio’s flagship title Off The Grid, a cinematic cyberpunk battle royale that blends high-fidelity storytelling with a native on-chain economy. For a Web3 gaming market that has been largely stagnant, this marks a major leap forward.

    The numbers reflect momentum: GUNZ has already onboarded over 12 million wallet addresses, with more than 230 million on-chain transactions processed—clear signs of the scalability and adoption potential of its gaming-focused ecosystem.

    Off The Grid: Flagship Title Fueling the GUNZ Ecosystem

    Off The Grid features film-quality graphics and immersive storytelling wrapped in a cyberpunk setting. It integrates a full-stack blockchain economy where players can earn and trade in-game NFTs—such as weapons, skins, and gear—directly on the GUNZ network. The game solves one of the key issues in traditional gaming: asset ownership. And it gives NFTs real functionality, rather than speculative hype.

    At the protocol level, GUNZ introduces several innovations to support high-performance gaming while remaining decentralized:

    • Ultra-High Throughput & Near-Zero Gas Fees: Built on a custom Avalanche subnet, GUNZ delivers 12,000+ TPS and transaction fees below $0.0001.
    • Game Engine Compatibility: Native support for Unity and Unreal plugins allows traditional games to integrate in as little as 72 hours.
    • Hybrid Validator Network: With node operators including Delphi Ventures and community stakers, GUNZ balances efficiency with decentralization.

    Backed by Capital, Powered by Utility

    Gunzilla Games has raised $76 million to date:

    • In August 2022, the company closed a $46M round led by Republic Capital, with participation from Griffin Gaming Partners, Animoca Brands, Jump Crypto, and Twitch co-founder Justin Kan.
    • In March 2024, it secured a $30M follow-on round co-led by Avalanche’s Blizzard Fund and CoinFund.

    GUNZ has a total token supply of 10 billion, with an initial circulating supply of 6.05%. The token fuels multiple use cases across the ecosystem, including gas payments, in-game transactions, governance, and rewards—laying the foundation for a sustainable and scalable Web3 gaming economy.

    As Gunzilla Games CTO Timur Davidenko put it at the recent developer summit:

    “We’re not putting a game on a chain—we’re growing a chain from within the game.”


    About BYDFi

    Founded in 2020, BYDFi has become one of the most trusted global crypto exchanges, earning recognition from CoinMarketCap, CoinGecko, and Forbes, which ranked it among the Top 10 Crypto Exchanges Globally. With a user base of over 1,000,000 across 150+ countries, BYDFi continues to expand its influence on the digital asset world.

    To celebrate its 5th Anniversary, BYDFi is launching a series of global user campaigns, featuring over $100,000 in rewards, limited-time token airdrops, and special gifts. For more details, visit the official website or download the BYDFi mobile app.

    • Website: https://www.bydfi.com
    • Support Email: CS@bydfi.com
    • Business Partnerships: BD@bydfi.com
    • Media Inquiries: media@bydfi.com

    Twitter (X) | LinkedIn | Facebook | Telegram | YouTube

    The MIL Network –

    April 1, 2025

  • MIL-OSI Global: Protein is being added to yoghurt, bread and even coffee – but is it really good for our health?

    Source: The Conversation – UK – By Aisling Pigott, Lecturer, Dietetics, Cardiff Metropolitan University

    Not all of these protein-enhanced food products are healthy. MAYA Lab/ Shutterstock

    Protein intake dominates fitness advice. Whether you want to build muscle, improve your fitness or watch your weight, the common advice handed out by everyone from fitness influencers to doctors is that we need more protein.

    But while protein does play an essential role in maintaining our muscle mass and overall health, all this increased attention on the importance of protein in the media and fitness circles has sparked a surge in products marketed specifically for their protein content. Some chocolate bars, ice cream, pizza, coffee and even alcoholic beverages now market themselves as protein foods.

    But our enthusiasm for protein might have gone too far. While protein is certainly important for our health, most of us don’t need these protein-enhanced foods as a regular feature in our diet. Not to mention that this marketing may lead to a “halo effect,” where consumers mistakenly equate high protein content with overall nutritional value. This effect can lead to the perception of protein-rich foods being inherently nutritious – even though many may not be.

    Protein is essential for maintaining muscle mass and immune function.

    Nutrition guidelines recommend people aim to eat around 0.75g of protein per kilogram of body weight. But some evidence suggests this recommendation may be an underestimate – and that the recommendation should be around 1.2g-1.6g per kg of body weight per day

    There’s also a strong body of evidence that suggests the amount of protein we need changes depending on our health. For instance, people need to eat more protein when they’re recovering from an illness. Research also shows that older adults should be aiming for at least 1.2g per kg of body weight in order to combat age-related muscle loss.

    Athletes also need to eat a greater amount of protein to support their training and recovery. Moreover, with the rising popularity of weight-loss drugs, strategies increasingly emphasise protein intake to minimise muscle loss while losing weight.

    But just because protein is good for maintaining muscle mass, that doesn’t mean more is better. In fact, it seems that even when we consume large amounts of protein, only a some of this is actually used by the body.

    Most of us probably need a little more protein than current guidelines suggest, but less than is often promoted by wellness influencers on social media (with some even suggesting we need up to 3g of protein per kg of body weight).

    Ironically, the necessary amount of protein suggested by emerging evidence (1.2g-1.6g per kg of body weight per day) is close to what the average protein consumption already is in most western countries.

    It’s better to try and eat a bit of protein from a whole food source at each meal.
    Margouillat Photo/ Shutterstock

    Most people can probably benefit from being more protein aware – not about how much protein they’re consuming, but about the quality and frequency of their protein choices. Ideally, we should aim to consume small amounts of protein-rich foods more often during the day.

    Current evidence suggests around 20g-30g of protein (around a handful of a protein source) at each meal supports muscle maintenance alongside physical activity.

    In an ideal world, this protein would come from whole foods (such as nuts, seeds, milk, eggs and legumes). But fortified protein products may have their space as a quick and easy snack – especially for those who may struggle to eat this much protein at each meal. It’s important to eat these foods in moderation, however.

    Ultra-processed products

    Supermarkets are full of “protein-enhanced” products. But while these products may contain additional protein, they may also contain additional sugars or carbohydrates.

    For example, protein milk often contains double the protein of regular milk. It does this by removing water or adding dried milk.

    Protein bars are another example. But depending on the brand you choose, alongside their additional protein content they may also be high in sugar.

    Many protein-fortified products share another common trait: they fall into the category of ultra-processed foods. Ultra-processed foods are commercially made products that include ingredients you wouldn’t typically find in your own kitchen.

    Research shows regularly consuming ultra-processed foods is consistently linked with poorer health outcomes – such as cardiovascular diseases and diabetes. Current discussions around ultra-processed foods suggests uncertainty regarding whether it’s the processing itself, the poor nutritional quality of these foods or the combination of both of these factors that contribute to these negative health outcomes.

    Another issue with protein-enhanced products is that while they do indeed contain extra protein, some products may lack fibre, vitamins and essential minerals. A lack of fibre in modern diets is currently one of the biggest contributors to population-wide ill-health.

    All foods have their place within a balanced diet. But protein is only one component of overall nutritional health. The rise in protein-fortified foods as health foods is concerning.

    Protein-enhanced products are occasional foods that might support meeting protein intake, but they should not be mistaken for universally healthy foods. For people looking to reach their protein goals, choose a variety of protein sources, consider the role of convenience foods within the context of whole diet and think about other nutrients like fibre to really maximise health.

    Aisling Pigott receives funding from RCBC Wales (as part of Health Care Research Wales)

    – ref. Protein is being added to yoghurt, bread and even coffee – but is it really good for our health? – https://theconversation.com/protein-is-being-added-to-yoghurt-bread-and-even-coffee-but-is-it-really-good-for-our-health-252236

    MIL OSI – Global Reports –

    April 1, 2025

  • MIL-OSI Global: How Beijing plans to bounce back against Trump’s tariffs

    Source: The Conversation – UK – By Chee Meng Tan, Assistant Professor of Business Economics, University of Nottingham

    China’s president Xi Jinping recently held a meeting with 40 leaders of multinational companies, including BMW and AstraZeneca.

    In contrast to Donald Trump’s rhetoric, Xi told the top level executives that globalisation was not going away. Xi is attempting to boost foreign investment in China, which has dropped in the last few years, and build new relationships that will offset Trump’s tariffs on many Chinese goods.

    In the March 28 meeting, Xi “vowed to improve market access” and assured corporate leaders that “lines of communication” between them and the Chinese government are open.

    Xi is hoping to build on an anti-Trump bounce and inspire businesses to back Beijing as some signs emerged that China’s economy was doing a little better than expected in early 2025. Industrial production went up by 5.9% in January and February. Credit growth, which measures the amount of loans banks give out, also appears to be picking up, suggesting that businesses might be growing in China.

    Retail sales, which are a major economic marker indicating consumer spending, has risen by up to 4% in January and February this year, compared to last year.

    Beijing is also willing to create further stimulus packages to sustain China’s economic growth, which might lift consumer confidence further.

    But this is hampered by a real estate crisis that began in 2021. What followed was an already high local government debt that was exacerbated by the property crisis, and high youth unemployment that existed since 2023.

    The big question then is what are the factors that could lead to a more buoyant outlook in China’s economic fortunes?

    Beijing’s policy resolve

    According to a Bloomberg report, China has traditionally relied on cheap loans and subsidies to boost economic sectors in infrastructure, manufacturing, and the property market. However, those times are over.

    The problem is China has produced more goods to sell than people are willing to buy. In the past, Beijing relied on the west to purchase its products, but with rising protectionism and looming tariffs stemming from a Donald Trump-led US, US consumption of Chinese goods is likely to fall.

    And if another key market in the form of the EU were to take a cue from Trump’s economic playbook and impose more tariffs on China, then Chinese hope for sales in the west for economic growth may not materialise.

    Beijing’s surest way of boosting sales is through domestic consumption. This isn’t easy as China’s domestic spending remains relatively low at 40% of the country’s GDP, which is about 20% lower than the global average. And if Beijing wants cautious consumers to spend amid a relatively weak economic outlook, it needs to do more to raise consumer confidence.

    Although China did introduce a stimulus package in September 2024, it has resolved to do more. In an early March 2025 speech in the Chinese parliament, Chinese premier Li Qiang promised a “special action plan” to vigorously raise domestic consumption for 2025. Several weeks later Li reiterated in the China Development Forum that Beijing would roll out more stimulus packages when the need arose.

    These assurances are likely to have helped improve market sentiment, and the fact that China’s GDP growth target was also set at an ambitious level of around 5%, might signal Beijing’s confidence and resolve that the economy will improve.

    China’s AI revolution

    In the past, China was considered a copycat nation known for manufacturing shanzai, or fake and pirated products. This difficulty in innovating and reliance on the designs of others largely lay with an education system steeped in rote learning, and a top-down culture with a conformist approach.

    This is why experts thought China would struggle when the US decided to introduce restrictions on Chinese access semiconductor and AI technologies. However, despite these restrictions, China has managed to develop a highly capable AI model of its own in the form of DeepSeek, which was unveiled early this year, and immediately boosted China’s image as an innovator.

    Unlike other AI models, DeepSeek was apparently made at a fraction of the cost of other traditional AI models such as ChatGPT, and may have a more efficient coding scheme that allows for quicker problem solving. This has prompted Donald Trump to coin DeepSeek’s development as a wake-up call for the US tech industry.

    Many AI startups in China are now revamping their business models to compete with DeepSeek, following widespread adoption of the latter’s technology. As the AI revolution in China could potentially reduce costs and thereby boost efficiency in the financial sector.

    Following Trump’s return to the Oval Office, investors across the globe have been trying to reduce their reliance on the US by looking for investment opportunities elsewhere. This isn’t entirely surprising given Trump’s knack for the unpredictable, and how new US tariffs have been applied to a host of US allies such as Mexico, Canada, and the European Union.

    While Trump is striking an increasingly protectionist tone, China is taking the opposite approach. Trump’s penchant for tariffs and disregard for the economic interest of US allies may mean Beijing might not need to do too much to attract more nations and businesses to consider turning towards Chinese markets.

    Chee Meng Tan does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. How Beijing plans to bounce back against Trump’s tariffs – https://theconversation.com/how-beijing-plans-to-bounce-back-against-trumps-tariffs-253086

    MIL OSI – Global Reports –

    April 1, 2025

  • MIL-OSI Global: How a new wave of fighter jets could transform aerial combat

    Source: The Conversation – UK – By David Bacci, Senior Research Fellow, Oxford Thermofluids Laboratory, University of Oxford

    The most advanced fighter jets in the world are known as “fifth generation”. They contain technologies developed in the first part of the 21st century. Examples of fifth generation fighter jets include America’s F-35 Lightning II and F-22 Raptor, China’s Chengdu J-20 and Russia’s Sukhoi SU-57.

    Now, however, nations are moving ahead with the sixth generation of combat jets. In the past few months, China has flown its J36 and J50 prototype jets. Meanwhile, the US has selected Boeing to build a new fighter aircraft called the F-47.

    As with previous generations, the sixth will incorporate major advances in aircraft design, onboard electronics (avionics) and weapon systems.

    But how will the new generation of jets stand out from the previous one? Future combat jets will not see dramatic increases in maximum speed, nor in flight performance. Instead, the true innovations will be in how these systems operate and achieve dominance in aerial combat.

    Like the fifth generation, the sixth will be dominated by stealth technology. This helps fighters jets to reduce their chances of being detected by infrared and radar sensors, to the point that when their signatures are eventually picked up, the opponent has no time to act.

    Stealth is achieved through particular shapes of airframe (such as diamond shapes) and coatings on the aircraft – called radar absorbing materials. The airframe is the fundamental structural framework of an aircraft, encompassing the fuselage, wings, tail assembly and landing gear.

    The diamond-like shapes that already characterise fifth generation jets are likely to remain in the upcoming generation of fighter, but they will evolve.

    A common feature we’re likely to see is the reduction or complete removal of vertical tails at the back of the aircraft and their control surfaces. In current aircraft, these tails provide directional stability and control in flight, allowing the aircraft to maintain its course and manoeuvre.

    However, sixth generation jets could achieve this control with the help of thrust vectoring – the ability to manipulate the direction of engines and therefore the direction of thrust (the force that moves the jet through the air).

    The role of vertical tails could also be partially replaced by devices called fluidic actuators. These apply forces to the the wing by blowing high speed and high pressure air on different parts of it.

    F-35 Lightning II fighter aircraft. Vertical tails can be seen at the rear of this fifth generation jet.
    US Air Force / Paul Holcomb

    The removal of the vertical tails would contribute to the fighter’s stealth. The new generation of fighters is also likely to see the use of novel radar absorbing materials with advanced capabilities.

    We’ll see the introduction of what are known as adaptive cycle engines on sixth generation fighters. These engines will feature what’s known as a three stream design, which refers to the airstreams blowing through the engine. Current jets have two airstreams: one that passes through the core of the engine, and another that bypasses the core.

    The development of a third stream provides an extra source of air flow to increase the engine’s fuel efficiency and performance. This will allow both the capability to cruise efficiently at supersonic speed and deliver a high thrust during combat.

    It is likely that China and the US will build two separate fighters with different airframes. One will have a bigger airframe, designed for use in an area like the Pacific Ocean region. Here, the ability to fly further and carry a heavier payload will be key, because of the distances involved. Airframes designed for this region will therefore be larger.

    Another fighter jet carrying a smaller airframe will be designed for use in areas such as Europe where agility and manoeuvrability will be more important.

    The next wave of jets will have a system in the cockpit that gathers lots of information from other aircraft, ground surveillance stations and satellites. It would then integrate this data to give an enhanced situational awareness to the pilot. This system would also able to actively jam enemy sensors.

    Another key feature will be the deployment of unmanned combat aerial vehicles (Ucavs), a form of drone aircraft. The piloted fighter jet would be able to control a variety of Ucavs, ranging from loyal wingmen to cheaper, unpiloted fighter jets that will assist the mission, including protecting the piloted fighter.

    This will all be the responsibility of something called the advanced digital cockpit, a software-driven system that will use virtual reality and allow the pilot to effectively become a battle manager. Artificial intelligence (AI) will be a key feature of the support systems for the drones. This will allow them to be controlled with complete autonomy. The pilot will assign the main task – such as, “attack that enemy jet in that sector” – and the system will carry out the mission without any further input.

    Another advancement will be the weapon systems, with the adoption of missiles that not only will be capable of travelling at hypersonic speeds, but will also incorporate stealth features. This will further reduce the reaction times of enemy forces. Directed energy weapons systems, such as laser weapons, could potentially appear in later stages, as this technology is under study.

    Under America’s sixth generation fighter programme, the US Navy is working on a separate jet called the F/A-XX, complementing the F-47.

    The UK, Italy and Japan are also working on a jet project known as the global combat air programme (GCAP). This will replace the Eurofighter Typhoon in service with the UK and Italy and the Mitsubishi F-2 in service with Japan.

    Germany, Spain and France are working on a fighter programme called the future combat air system (FCAS). This could supersede Germany and Spain’s Typhoons and France’s Rafale.

    The path for sixth generation fighter jets seems to have already been traced, but uncertainties remain. The feasibility of some of the characteristics described and development times and costs are not yet well defined. This interval of time was more than ten years for fifth generation fighter jets – and the sixth is going to be far more complex in terms of requirements and capability.

    A new generation of fighter jet is expected to remain on active duty for something like 30 years. But warfare across the world evolves rapidly. It is unclear whether the design requirements we are fixing today remain relevant over the coming years.

    David Bacci is affiliated with Cranfeild Defence & Security (CRanfield University) – Visiting Research Fellow

    – ref. How a new wave of fighter jets could transform aerial combat – https://theconversation.com/how-a-new-wave-of-fighter-jets-could-transform-aerial-combat-252949

    MIL OSI – Global Reports –

    April 1, 2025

  • MIL-OSI USA: Reps. Obernolte, Beyer introduce bipartisan CREATE AI Act to expand access to artificial intelligence research tools

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

    WASHINGTON, D.C. – Representatives Jay Obernolte (R-CA) and Don Beyer (D-VA) introduced H.R. 2385, the Creating Resources for Every American To Experiment with Artificial Intelligence Act of 2025, or the CREATE AI Act, legislation that would establish the National Artificial Intelligence Research Resource (NAIRR) to remove barriers to the essential tools and infrastructure that power artificial intelligence research and development. 

    Currently, only a handful of large technology companies possess the computing resources, massive datasets, and advanced infrastructure required to perform cutting-edge research in AI. The CREATE AI Act seeks to level the playing field by making those critical tools available to students, researchers, non-profits, small businesses, and academic institutions across the country. The NAIRR would serve as a shared national resource, providing cloud computing, curated datasets, AI testbeds, and educational tools to a broad community of users, ensuring that the future of AI is shaped not just by corporations, but also by entrepreneurs and academia.  

    “Artificial intelligence is one of the most transformative technologies of our time, but currently the tools needed to develop it are out of reach for most Americans,” said Rep. Jay Obernolte. “The CREATE AI Act will democratize access to cutting-edge AI resources by establishing a shared national infrastructure for research and experimentation. By empowering students, universities, startups, and small businesses to participate in the future of AI, we can drive innovation, strengthen our workforce, and ensure that American leadership in this critical field is broad-based and secure.” 

    “By establishing the National Artificial Intelligence Research Resource (NAIRR), we would provide an excellent resource for researchers, educators, small businesses, and even students like me to learn how to use artificial intelligence. This access to high-quality data, compute resources, and support would drive the innovation necessary to strengthen our global competitiveness in trustworthy AI development and in turn help accelerate solutions to the world’s most pressing challenges,” said Rep. Don Beyer. “I am thrilled to co-lead this bipartisan, bicameral, and pro-innovation legislation, and look forward to seeing the increased access to high-tech tools and resources that the CREATE AI Act will provide.” 

    The bill establishes a formal governance structure for the NAIRR, including a Steering Subcommittee under the White House Office of Science and Technology Policy and a Program Management Office within the National Science Foundation. This structure will oversee operations, manage federal and private resource contributions, select an independent operating entity through a transparent bidding process, and ensure adherence to strict standards of privacy, ethics, scientific integrity, and national security. 

    The NAIRR will offer researchers secure, tiered access to computational resources, structured Application Programming Interfaces or APIs for working with large AI models, access to interoperable datasets, and educational resources designed to broaden participation in STEM and AI research. In addition to technical infrastructure, the NAIRR will prioritize access for projects that address durable and secure AI development—key issues in ensuring artificial intelligence is aligned with American values and interests. 

    Importantly, the NAIRR will be built using donated resources from both federal agencies and the private sector, ensuring that its impact is achieved without requiring a massive new federal expenditure. Cloud computing power, datasets, storage capabilities, AI models, and educational tools will all be contributed by participating partners, leveraging existing infrastructure to maximize access and minimize cost. This collaborative model empowers government, academia, and industry to work together to expand opportunity and accelerate innovation in a fiscally responsible way. 

    The CREATE AI Act has earned early praise from many leading voices in the tech and research community: 

    • “The tech sector wants the United States to be the world leader in AI research and deployment,” said ITI President and CEO Jason Oxman. “The CREATE AI Act will help U.S. AI leadership by codifying the National AI Research Resource (NAIRR) and providing AI researchers, small business owners, and students with cutting-edge research tools for AI development. We thank Congressman Jay Obernolte and Congressman Don Beyer for their leadership on this bipartisan, bicameral legislation and urge the U.S. Congress to advance the bill quickly.” 

    • “Enabling AI research and development helps to keep the United States as the destination for AI innovation and adoption. The CREATE AI Act would facilitate AI R&D by establishing the National Artificial Intelligence Research Resource (NAIRR), a foundational resource to enable AI research and development across the economy. This legislation would also broaden access to AI research resources to make sure that small businesses, technology startups, and universities and community colleges across the country are equipped with the tools to facilitate further innovation. We commend Reps. Obernolte and Beyer for their work to advance this legislation during the 119th Congress.” – The Business Software Alliance 

    • “Researchers and students drive American technology forward, but too often they don’t have the resources for AI innovation,” said ARI President Brad Carson. “The CREATE AI Act would build a national research infrastructure, giving broader access to the compute, data, and tools essential for this work. If the U.S. wants to lead globally on AI, we need to make sure our whole talent pool can participate in AI innovation.”
    • “The Software & Information Industry Association (SIIA) applauds the introduction of the CREATE AI Act of 2025 to formally authorize the National Artificial Intelligence Research Resource (NAIRR). Designed to “spur innovation and advance the development of artificial intelligence to stimulate cutting-edge research and propel the strategic development of artificial intelligence capabilities,” the NAIRR will expand access to vital infrastructure—including compute power, datasets, and analytical frameworks. There is an urgency for Congress to act now to establish the NAIRR. China and the European Union have already launched efforts similar to NAIRR to catch up with the United States. Absent a government-led program like NAIRR, the U.S. risks falling behind in the AI competition. The NAIRR provides a recipe to ensure that America remains the global leader in AI – one that builds on America’s unmatched private sector innovation. It is a recipe that is critical to long-term innovation, security, and economic growth.”

    The full text of the CREATE AI Act of 2025 can be found here.  

    ## 

    MIL OSI USA News –

    April 1, 2025

  • MIL-OSI USA: Kim, Connolly Reintroduce Taiwan International Solidarity Act 

    Source: United States House of Representatives – Representative Young Kim (CA-39)

    Washington, DC – Congresswoman Young Kim (R-CA), the Chairwoman of the Subcommittee on East Asia and Pacific, and Congressman Gerald E. Connolly (D-VA), a senior member of the House Foreign Affairs Committee, Co-Chair of the bipartisan Congressional Taiwan Caucus,  and the former President of the NATO Parliamentary Assembly, introduced the Taiwan International Solidarity Act, bipartisan legislation that counters Beijing’s attempts to exclude Taiwan from participating in international organizations.  

    The legislation previously passed the House in July 2023. 

    “Beijing continues to do all it can to isolate Taiwan from the outside world and silence Taiwan’s voice on the world stage. Taiwan has a track record of success in democracy and global health security, and its perspective deserves to be heard,” said Kim. “The Taiwan International Solidarity Act helps the United States demonstrate through meaningful action our support for Taiwan’s status in international organizations. Taiwan’s participation in global conversation is the world’s gain.” 

    “For too long, the People’s Republic of China (PRC) has distorted policies and procedures at international organizations to assert its sovereignty claims over Taiwan, often to the detriment of global health, governance, and security efforts,” said Connolly. “This bipartisan legislation ensures that we stand against Beijing’s weaponization of international organizations and in solidarity with the wishes and best interests of the people of Taiwan.”  

    The Taiwan International Solidarity Act builds on the Taiwan Allies International Protection and Enhancement Initiative (TAIPEI) Act, which was signed into law in March 2020, to further counter the PRC’s attempts to weaponize international organizations to claim that Taiwan is part of China by distorting the language, policies, and procedures of international organizations. The legislation clarifies that U.N. General Assembly Resolution 2758 does not preclude the United States from using its vote, voice, and influence to resist the reckless campaign against Taiwan’s place on the world stage. It also encourages the U.S. to work with allies and partners to oppose the People’s Republic of China’s efforts to undermine Taiwan’s diplomatic relationships and partnerships globally. Finally, the bill expands reporting requirements to include information relating to any prior or ongoing attempts by the People’s Republic of China to undermine Taiwan’s participation in international organizations as well as its ties and relationships with other countries. 

    Text of the legislation is available here.  

    MIL OSI USA News –

    April 1, 2025

  • MIL-OSI Banking: Apple Intelligence comes to Apple Vision Pro today with visionOS 2.4

    Source: Apple

    Headline: Apple Intelligence comes to Apple Vision Pro today with visionOS 2.4

    March 31, 2025

    UPDATE

    Apple Intelligence and new spatial experiences come to Apple Vision Pro today with visionOS 2.4

    Alongside the first set of powerful Apple Intelligence features, users can discover new content with Spatial Gallery and the Apple Vision Pro app for iPhone, and share the magic of spatial computing with enhancements to Guest User

    visionOS 2.4 is available today, bringing the first set of powerful Apple Intelligence features that help users communicate, write, and express themselves on Apple Vision Pro — all while taking an extraordinary step forward for privacy in AI.1 With the new Spatial Gallery app, users have access to a curated collection of spatial content spanning art, culture, nature, sports, and more. visionOS 2.4 also introduces the Apple Vision Pro app for iPhone to help users easily find new content and apps, and enhancements to Guest User make sharing Vision Pro experiences even easier.

    Apple Intelligence on Apple Vision Pro

    With Writing Tools, users can refine their words by rewriting, proofreading, and summarizing text nearly everywhere they write, including Mail, Notes, and many third-party apps. With Rewrite, users can adjust the tone of their text to make it more friendly, professional, or concise, or specify the change they’d like to make using Describe Your Change. Proofread checks grammar, word choice, and sentence structure, and provides suggested edits. Users can also select text and have it recapped in several formats with Summarize. With Compose, users can ask ChatGPT to generate content for anything they are writing about from the systemwide Writing Tools.2

    Image Playground allows users to easily create fun and unique images from themes, costumes, accessories, and places. Users can add their own text descriptions, and can even create images in the likeness of a family member or friend using photos from their photo library. The experience is integrated directly into apps like Messages and Freeform, and is also available as a dedicated app for Apple Vision Pro.

    Apple Intelligence takes emoji to an entirely new level, offering users the ability to create original Genmoji by simply typing or speaking a description into the emoji keyboard. Genmoji can be added inline to messages, shared as a sticker, or sent as a Tapback.

    Smart Reply in Messages and Mail provides suggestions for a quick response, and will identify questions to ensure everything is answered.

    With natural language search in the Photos app, it’s even easier to find a specific photo or moment in a video just by describing it. Create a Memory Movie lets users create the movies they want to see by simply typing a description. Using language and image understanding, Apple Intelligence will pick out photos and videos based on a user’s description, craft a storyline with chapters based on themes identified from the photos, and arrange them into a movie with its own narrative arc. As with all Apple Intelligence features, user photos and videos are kept private, and are not shared with Apple or anyone else.

    visionOS 2.4 also includes support for Priority Messages in Mail, Mail Summaries, Image Wand in Notes, Priority Notifications in Notification Center, and Notification Summaries. The initial set of Apple Intelligence features is available in visionOS 2.4 for users with their device and Siri language set to U.S. English.

    Apple Intelligence uses on-device processing whenever possible to protect users’ privacy. For requests that require access to even larger models, Private Cloud Compute extends the privacy and security of Apple products into the cloud to unlock even more intelligence. When using Private Cloud Compute, users’ data is never stored or shared with Apple; it is used only to fulfill the request. Independent experts can inspect the code that runs on Apple silicon servers to continuously verify this privacy promise, and are already doing so.

    Curated Spatial Content with Spatial Gallery

    Spatial Gallery, a new app for Apple Vision Pro, features spatial photos, spatial videos, and panoramas curated by Apple, and gives users a window to captivating and powerful moments spanning art, culture, entertainment, lifestyle, nature, sports, and travel, with new content released regularly.

    At launch, users can discover stories and experiences from iconic brands including Red Bull, Cirque du Soleil, and Porsche; go behind the scenes with Apple Originals like Severance, The Studio, and The Morning Show; and listen to conversations with top artists like Bad Bunny, Charli xcx, and Keith Urban.

    The Apple Vision Pro App for iPhone

    The Apple Vision Pro app for iPhone offers a new way for users to discover new spatial experiences, queue apps and games to download, easily find tips, and quickly access information about their Vision Pro, all from their iPhone.

    The Discover page features recommendations for new and notable experiences on Apple Vision Pro, from popular apps like Explore POV and JigSpace, to Apple Arcade games like Gears & Goo, to Apple Immersive experiences like Metallica, which gives viewers unprecedented access to the band through a remarkable storytelling format only possible on Vision Pro.

    The My Vision Pro page helps users get the most out of their Apple Vision Pro, offering tips and key information such as their current visionOS version and device serial number. Users with vision correction needs can now store and view the App Clip code for their ZEISS Optical Inserts in the Apple Vision Pro app.

    New Enhancements to Guest User

    visionOS 2.4 lets users start a Guest User session on Apple Vision Pro with their nearby iPhone or iPad. To make it easier to guide a guest through the Vision Pro experience, users can now choose which apps are accessible to their guests and start View Mirroring with AirPlay from their iPhone.

    New Apple Immersive Video Content

    VIP: Yankee Stadium premieres this Friday, April 4, featuring an all-encompassing look at how elite athletes, die-hard fans, dedicated staff, and epic moments make the Bronx ballpark legendary. Bono: Stories of Surrender pulls back the curtain on the deeply personal experiences that have shaped Bono as a son, father, husband, activist, and U2 frontman. The groundbreaking film from Apple TV+ premieres May 30, and will be available in 2D and in Apple Immersive Video.

    Availability

    • visionOS 2.4 is available today as a free software update for Apple Vision Pro. For more information, visit apple.com/visionos/visionos-2. Some features may not be available in all regions or languages.
    • Apple Vision Pro is available in Australia, Canada, China mainland, Hong Kong, France, Germany, Japan, Korea, Singapore, Taiwan, the UAE, the UK, and the U.S.
    • Apple Intelligence will be available in beta on Apple Vision Pro with visionOS 2.4. The first set of features will be available for Vision Pro users with their device and Siri language set to U.S. English. Feature availability varies by region; Apple Intelligence is subject to regulatory approval and not yet available in China.
    • The Spatial Gallery app will be installed with visionOS 2.4 for users in Australia, Canada, France, Germany, Hong Kong, Japan, Korea, Singapore, Taiwan, the UAE, the UK, and the U.S. It can be downloaded from the App Store for Vision Pro.
    • The Apple Vision Pro app for iPhone will be available with iOS 18.4. The app will be available to download from the App Store, and will automatically appear on a user’s iPhone once they update to iOS 18.4 and have both devices associated with the same Apple Account.
    1. The first set of features will be available for Apple Vision Pro users with their device and Siri language set to U.S. English.
    2. Integration with ChatGPT is available only in regions where the ChatGPT app and service is available. Refer to Open AI for Chat GPT availability.

    Press Contacts

    Corey Nord

    Apple

    cnord2@apple.com

    Andrea Schubert

    Apple

    a_schubert@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Global Banks –

    April 1, 2025

  • MIL-OSI Banking: Apple Intelligence features expand to new languages and regions today

    Source: Apple

    Headline: Apple Intelligence features expand to new languages and regions today

    Apple Intelligence, the personal intelligence system that delivers helpful and relevant intelligence while taking an extraordinary step forward for privacy in AI, is expanding to even more people around the world. Starting today, with the availability of iOS 18.4, iPadOS 18.4, and macOS Sequoia 15.4, Apple Intelligence features are now available in many new languages, including French, German, Italian, Portuguese (Brazil), Spanish, Japanese, Korean, and Chinese (simplified) — as well as localized English for Singapore and India — and are accessible in nearly all regions around the world.

    In addition, iPhone and iPad users in the EU have access to Apple Intelligence features for the first time, and Apple Intelligence expands to a new platform with an initial set of features available in U.S. English with Apple Vision Pro — helping users communicate, collaborate, and express themselves in entirely new ways. Now, Vision Pro users can proofread, rewrite, and summarize text using Writing Tools; compose text from scratch using ChatGPT in Writing Tools; explore new ways to express themselves visually with Image Playground; create the perfect emoji for any conversation with Genmoji; and much more.

    This release also comes with additional Apple Intelligence features, including Priority Notifications to help users stay on top of time-sensitive communications, the ability to create a memory movie on Mac by simply typing a description, and an added Sketch style in Image Playground that creates academic and highly detailed sketches.

    Apple Intelligence marks an extraordinary step forward for privacy in AI and is designed to protect users’ privacy at every step. It starts with on-device processing, and for requests that require access to larger models, Private Cloud Compute extends the privacy and security of iPhone into the cloud to unlock even more intelligence.

    MIL OSI Global Banks –

    April 1, 2025

  • MIL-OSI: Transfix Launches First-of-Its-Kind RFP Workflow Tool to Transform Freight Pricing with Lightning-Fast Accuracy

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) — Transfix, a leader in freight technology, today announced the launch of its RFP Workflow Tool, a game-changing platform designed to streamline contract pricing for freight brokers. By pricing lanes in as little as 3-5 seconds with unmatched accuracy, the tool boosts win rates with custom-built models, eliminates inefficiencies, and keeps RFPs organized. This launch marks another milestone in Transfix’s evolution from a brokerage to a premier technology solutions provider.

    “When we were a broker, we were constantly up against hundreds of different RFP requirements, time, and even resources to win freight. The manual processes were eating into our margins in the early days of our brokerage. So, we built and battle-tested our own solution to get ahead of the competition over the last ten years and now we’re ready to share it with our former competitors,” said Jonathan Salama, CEO and Co-Founder of Transfix. “Frankly, this has been a long time coming and we’re excited to share the immediate impact this will bring to market.”

    A Smarter Way to Win More Freight

    Brokers managing high-volume RFPs face relentless challenges—manual pricing that takes hours, days, and sometimes weeks to analyze historical data and market rates, lack of centralized tracking resulting in an inability to have reporting and insights, and unpredictable margins that make it impossible to forecast long-term success. Transfix’s RFP Workflow Tool is built to tackle these issues head-on by:

    • Pricing faster than ever – Price contract lanes instantly with confidence.
    • Keeping brokers organized – A structured workflow ensures no bid is missed.
    • Ensuring margin protection – Long-term cost forecasting eliminates pricing guesswork.

    When users upload an RFP, they immediately receive auto-generated lane rates, along with insights into the percentile and margin settings used. They can also manually enter their own rates if preferred. After uploading, users can add new lanes to the RFP, edit them as needed, view total volume by lane, and filter by total volume. These features give users the flexibility and control to efficiently navigate each RFP’s unique rules and requirements, ensuring accuracy and adaptability throughout the process.

    Unlike competing solutions that rely solely on historical data, the RFP Workflow Tool uniquely integrates Transfix’s industry-leading predictive forecasts, ensuring brokers bid with precision for the entire contract duration.

    The Transfix Difference: Innovation Backed by AI

    As part of Transfix’s cutting-edge rate prediction suite, the RFP Workflow Tool is powered by proprietary AI models that continuously analyze millions of data points, including:

    • Company-specific historical performance – Our Contract Rate Predictor ensures precision pricing tailored to your network.
    • Data Quality Analysis & Consulting – We identify data issues, explain their impact, and guide customers to resolve them, leading to cleaner data, sharper insights, and stronger cost predictions.
    • Dynamic forecasting for long-term success – The only product on the market that predicts future costs with accuracy, eliminating guesswork or using an aggregated market rate as a baseline.

    Key Features & Competitive Edge

    • Automated Pricing & Error Detection – Say goodbye to manual errors. The tool proactively flags issues before submission, reducing costly mistakes.
    • Bulk RFP Processing – Handle tens of thousands of lanes in a single CSV upload, with automated validation and processing.
    • Margin Forecasting – Track projected profitability across contract periods or per load.
    • Kanban-Style RFP Management – Drag and drop RFPs, add new rounds, and stay in control of your RFP pipeline with an intuitive interface.

    Driving Broker Success with Smarter Tools

    At Transfix, we believe that technology should empower brokers, not replace them. With the RFP Workflow Tool, we’re setting a new standard in contract freight management, making bidding faster, smarter, and more profitable.

    Availability

    The RFP Workflow Tool is available starting now! For more information or to schedule a demo, visit www.transfix.io or contact sales@transfix.io.

    Coming Soon

    We’re continuing to innovate and accelerate how brokerages operate—stay tuned for a BIG announcement next week on groundbreaking features that will transform how RFPs are managed.

    About Transfix

    Transfix, Inc. is a freight technology leader that empowers brokers and 3PLs with innovative AI-driven solutions for pricing and load management. In June 2024, Transfix pivoted its core business to focus exclusively on powerful software and data solutions for brokers, shippers, and carriers. Our Custom Rate Prediction Suite delivers tailored, highly accurate spot and contract rate forecasts, streamlined RFP workflows, and automated bidding tools that save time and improve margins. With over a decade of expertise, a deep understanding of logistics operations for some of North America’s largest businesses, and a commitment to data privacy, Transfix combines cutting-edge SaaS tools with proprietary AI models to decrease costs, boost profitability, and drive a more efficient trucking ecosystem.

    Our Flagship Offering: The Transfix Rate Prediction Suite

    Our cutting-edge suite integrates millions of data points—including historical company performance, industry trends, and market insights—to deliver a competitive edge in the ever-evolving logistics landscape:

    • Spot Rate Predictor: 50% higher win rates, 97% model accuracy, 3% improved margins.
    • Contract Rate Predictor: 60% higher win rates, 98% model accuracy, faster submission times.
    • RFP Workflow Tool: Streamline contract freight management with an integrated, user-friendly platform.
    • Custom Autobidder: Scale operations with automated bidding algorithms analyzing over a million lanes annually.

    Committed to Data Privacy & Strategic Success

    Unlike other solutions, Transfix ensures that your data remains private and proprietary. Our models are fully tailored to your operations, guaranteeing that your competitive edge is never shared or diluted across the market.

    Through our custom console, gain real-time intelligence on lane desirability, network alignment, revenue projections, and risk factors. Evaluate your portfolio’s performance and make data-driven decisions with confidence.

    Transfix is redefining freight technology with precision, innovation, and trust at its core. Discover how we can transform your brokerage operations and help you win in the marketplace.

    Media Contact:
    Amber Good
    LeadCoverage
    amber@leadcoverage.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/71af1888-5797-4078-94a0-bc9641ec51b2

    The MIL Network –

    April 1, 2025

  • MIL-OSI: Life and wealth go hand in hand. JA Mining makes mining a daily routine and achieves financial freedom easily.

    Source: GlobeNewswire (MIL-OSI)

    Warwick, UK, March 31, 2025 (GLOBE NEWSWIRE) — Mining used to be a distant word, with labels of complex equipment, professional technology and high costs. But now, JA Mining is redefining all of this, bringing cryptocurrency mining from the professional field into daily life, so that everyone can easily participate and even enjoy the fun. Individual users and businesses alike have the potential to possibly earn up to $80,000 in passive income through JA mining.

    From “technical challenge” to “part of life”

    Traditional cryptocurrency mining is always linked to “technical threshold” – expensive mining machines, constantly upgraded hardware requirements, and continuous power consumption, these factors keep most ordinary people out. JA Mining’s cloud mining service has completely changed this situation. Users do not need to buy any equipment or master technical knowledge, just register an account, select a contract and activate it, and they can start making money.

    This simple and direct model makes mining no longer a challenge that requires special skills, but an easy choice that can be integrated into daily life. You can continue to earn income through JA Mining’s platform while working, resting, or even traveling.

    Rewards, transparency and community: making mining more interesting

    JA Mining is not just a tool, it also gives mining more meaning and fun:

    JA Mining offers a $100 registration bonus. Let everyone have the opportunity to try mining without any threshold.

    • · Real-time income tracking: FCA supervision

    FCA supervises every contract, your daily income will be updated in real time, and every income is clearly visible. Let you be confident in your investment and returns.

    • · Referral program: wealth from individuals to communities

    JA Mining’s affiliate program is not only an opportunity to make money, but also a social experience. By inviting friends to join, you can not only earn up to 7% commission, but also build a community that grows together.

    Mining can also be an experience of freedom of choice

    JA Mining’s flexibility makes it suitable for all types of users. The platform provides a variety of contract options to meet your financial goals and risk preferences.For example:

    · Basic cloud computing plan: invest $200, contract period 2 days, profit $214

    · Classic cloud computing plan: invest $500, contract period 3 days, profit $527

    · Advanced cloud computing plan: invest $1000, contract period 5 days, profit $1095

    · Super cloud computing plan: invest $5800, contract period 14 days, profit $7424

    More importantly, JA Mining supports deposit and withdrawal methods for multiple cryptocurrencies, allowing you to freely manage funds according to your needs. Mining is no longer a fixed model, but an experience that can be freely adjusted according to your lifestyle and goals.

    Join JA Mining and start your wealth life

    Wealth is no longer complicated or out of reach. JA Mining is using a new way to make cryptocurrency mining an easy choice and an experience that can be integrated into life.

    Join JA Mining to claim your US$100 registration bonus and start your wealth journey! Maybe, the next person who changes your life is you!

    Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involve risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    Official website: https://jamining.com/
    Contact email: info@jamining.com

    The MIL Network –

    April 1, 2025

  • MIL-OSI United Kingdom: Dstl to tackle emerging health threats

    Source: United Kingdom – Government Statements

    News story

    Dstl to tackle emerging health threats

    A new collaboration between The Pandemic Institute (TPI) and Dstl, is set to fund vital research into emerging infectious diseases.

    Researchers from both organisations aim to strengthen the UK’s ability to detect, understand and combat known and emerging pathogens.

    Bringing together experts in infectious diseases and pandemic research from different organisations is essential for improving the UK’s ability to prepare for, respond to, and recover from these threats.

    This collaboration will support several research projects drawing on the expertise of both organisations. This includes developing new diagnostic tests, evaluating new therapeutics and using cutting edge technology to better understand viral pathogens.

    There are 9 projects in total. One of which will use artificial intelligence (AI) to predict virus-host interactions, aiding the development of new diagnostics and therapeutics.

    Professor Tom Solomon CBE, Director of The Pandemic Institute, emphasised the importance of the collaboration:

    “The recent global health crises have shown us that we must be proactive rather than reactive when dealing with infectious threats. This collaboration with the Defence Science and Technology Laboratory (Dstl) will ensure that we are at the forefront of scientific innovation, developing tools that could be crucial in preventing future pandemics.”

    Dr Stuart Perkins, Programme Manager at Dstl stated:

    “This joint programme encourages and supports our scientists to work within national multidiscipline teams and will allow Dstl to access novel tools and products, being developed within academia, that could be utilised within the defence and security arena.

    “It generates value for money and ensures cohesion across defence and academic research.

    “The programme strengthens Dstl’s mission to ensure our armed forces maintain operational effectiveness at all times, even in the event they were exposed to infectious agents.”

    This partnership represents an exciting step forward in pandemic preparedness, and helps the UK remain at the cutting edge of infectious disease research.

    Find out more about Dstl’s work and funded projects at TPI.

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    Updates to this page

    Published 31 March 2025

    MIL OSI United Kingdom –

    April 1, 2025

  • MIL-OSI Russia: HSE awarded finalists of NTO in computer game development

    Translartion. Region: Russians Fedetion –

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

    © Higher School of Economics

    On March 28, the HSE Cultural Center hosted a ceremony to award prize winners and winners of the Computer Game Development profile among schoolchildren in grades 8–11 National Technology Olympiad (NTO). More than 60 people took part in the final. The profile is organized by the National Research University Higher School of Economics in partnership with the Ninsar.Games studio, the National Cyber-Physical Platform “Berloga”, VK Play and VK Education.

    In the finals, which took place at the HSE from March 24 to 29, schoolchildren, united in teams, solved real engineering problems. They developed a game prototype according to the specified technical requirements and guidelines – a game simulator in the setting of the National Cyber-Physical Platform “Berloga”.

    At the award ceremony, the finalists were greeted by Deputy Minister of Science and Higher Education of the Russian Federation Olga Petrova. “The Olympiad is not just a competition, but an entire ecosystem that selects the best of the best. I am proud of each of you. You have passed a colossal selection and received knowledge that has made you stronger, wiser and more experienced. Trying yourself, going beyond the usual school curriculum – these are the competencies that will often be required of you in life. Learn, dare, dream and do not stop there! Remember that our country is a country of colossal opportunities, and everything is in your hands!” said Olga Petrova.

    The winners in the special nomination from the Berloga platform were announced by its leader, President of the Association of Participants of Technological Circles Alexey Fedoseyev. He presented prizes to representatives of three teams, as well as acceleration certificates.

    “We will be glad to work with you, to bring the games not just to publication, but to implementation in educational environments, to receive feedback not only from those who download and play them on the Internet, but also from teachers, from people who can influence their further promotion. I hope that you will get unique products,” Alexey Fedoseyev emphasized.

    The diplomas to the winners of the Olympiad were presented by Alexander Egorov, head of the VK Play Indie division, and Egor Sechinsky, founder of Ninsar.Games, responsible developer of the “Computer Game Development” profile.

    According to Alexander Egorov, the games created by the Olympiad participants help solve certain problems, which is better than just “walking in the dark and trying to find some kind of light.” “I sincerely believe that you will soon be able to enter the market, gather your first fan base and open a franchise, and sometime in the future, raise enough capital to make the games of your dreams,” he said.

    Egor Sechinsky recalled that the NTO in the field of “Development of Computer Games” is being held for the sixth time and that the projects that were this year surprised him again. He recommended the finalists not to abandon their developments and bring them to such a level of readiness that they could “put them on the shelf in their portfolio”. “We in the industry are ready to help you, promote you and make sure that new young talented teams appear,” he concluded.

    The winners in the individual competition were congratulated by Dmitry Kaisin, Deputy Rector for Development at University 2035, and Yaroslav Paunov, Director of the Human Resources Development Division of the Young Professionals division of the ASI.

    Dmitry Kaisin said that he himself had once participated in the final of a similar competition, saw how quite young people came out on stage to congratulate the winners, and wanted to become like them. He recommended that schoolchildren do what they love — make a hobby their job, and also make friends with equally passionate colleagues.

    Yaroslav Paunov noted that the peculiarity of NTO is “tasks from the market and for the market, their practical applicability.” “You don’t just solve and invent something, contributing to your development and, perhaps, to future admission to such a top university as HSE, but you prepare for the market while still in school,” he believes.

    The difference between NTO and many other Olympiads is that, in addition to the individual standings, there is a team standings. In the profile “Development of Computer Games”, the winner in the team standings was the team “Paradigma”, consisting of four people: Yaroslav Reznikov (Simferopol), Olesya Polischuk (Sevastopol), Gleb Shakhanov (Moscow Region) and Artem Reus (Sevastopol). Yaroslav also won in the individual standings, Olesya, Gleb and Artem became prize winners. In addition, the team was among the winners of a special nomination from the platform “Berloga”.

    The awards were presented to the team members by Olga Petrova and the Vice-Rector of the National Research University Higher School of Economics, the responsible secretary of the NTO organizing committee Dmitry Zemtsov.

    “When we conceived this profile, we hoped that it would include its own geniuses and stars who would create games that would change the world. I have no doubt that such people are among the finalists of the anniversary, tenth season of the National Technology Olympiad. For example, I remember the very young Egor Sechinsky, who today already acts as the founder of the Ninsar.Games gaming studio and the organizer of the Computer Game Development profile of the NTO, selecting the best Olympiad participants for his team, with whom he creates popular games,” said Dmitry Zemtsov.

    In an interview with the Vyshka.Glavnoye news service, members of the Paradigma team said that they had developed a game called Arktos (the ancient Greek name for the Ursa Major constellation). The idea of the game is that bears crash in space, end up on an uninhabited planet, and solve OGE problems there, with each problem bringing them closer to returning home to their den. Thus, exam preparation is built into the exciting game.

    The team had clearly defined roles: Yaroslav was the captain and main programmer, Olesya was a tester, Gleb was a graphic artist, and Artem was a game designer. Olesya also acted as a manager — she negotiated playtests, and in particular, she managed to organize playtests at Sevastopol Gymnasium No. 1. “We collected a huge amount of feedback, and it really helped us,” she said.

    Work on the project lasted for six months, and the team’s mentor, ITMO first-year student Vladimir Mikhnev, played an important role in it. “At the finals at the HSE, I came to them every evening and told them what they had succeeded in doing and what needed to be corrected,” he says. “The guys discussed my proposals together, agreed with some, rejected others. Of course, winning the Olympiad is, first and foremost, their merit, their hard work.”

    All team members are considering the possibility of entering various universities in Moscow and St. Petersburg, including HSE, MIREA, MAI, ITMO. They plan to develop professionally in the IT field, including in the field of computer game development.

    The 2024/25 academic year is the tenth anniversary season of the National Technology Olympiad. It is held under the coordination of the Ministry of Science and Higher Education together with the federal project “Russia – Country of Opportunities” of the national project “Youth and Children” with the support of the “Movement of the First”, the Agency for Strategic Initiatives and the ANO “NTI Platform”. The Olympiad project office is located at the HSE with the methodological support of the Association of Participants of Technology Circles (NTI Circle Movement).

    This academic year, NTO set a new record: almost 220,000 students applied to participate in the tracks of the largest engineering competitions. More than 2,000 schoolchildren and students from 72 regions of Russia and three other countries: Belarus, Kazakhstan and Turkmenistan reached the finals.

    Winning in the Computer Game Development profile, as in most other NTO areas, will give schoolchildren the opportunity to receive 100 USE points in one of the subjects or enter a university without entrance examinations. NTO results are accepted by more than 100 Russian universities.

    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 –

    April 1, 2025

  • MIL-OSI USA: SPC Severe Thunderstorm Watch 87

    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.
    SEL7

    URGENT – IMMEDIATE BROADCAST REQUESTED
    Severe Thunderstorm Watch Number 87
    NWS Storm Prediction Center Norman OK
    1130 AM EDT Mon Mar 31 2025

    The NWS Storm Prediction Center has issued a

    * Severe Thunderstorm Watch for portions of
    Central and Northern Georgia
    Western North Carolina
    Western and Central South Carolina

    * Effective this Monday morning and evening from 1130 AM until
    700 PM EDT.

    * Primary threats include…
    Scattered damaging wind gusts to 70 mph likely
    Isolated large hail events to 1 inch in diameter possible
    A tornado or two possible

    SUMMARY…A squall line will move into the Watch area with the
    primary hazard being damaging straight-line winds within bowing
    portions of the line. A brief tornado is also possible if a
    stronger embedded circulation in the squall line can develop.

    The severe thunderstorm watch area is approximately along and 115
    statute miles east and west of a line from 35 miles north of
    Greenville SC to 55 miles south southwest of Macon GA. For a
    complete depiction of the watch see the associated watch outline
    update (WOUS64 KWNS WOU7).

    PRECAUTIONARY/PREPAREDNESS ACTIONS…

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

    &&

    OTHER WATCH INFORMATION…CONTINUE…WW 84…WW 85…WW 86…

    AVIATION…A few severe thunderstorms with hail surface and aloft to
    1 inch. Extreme turbulence and surface wind gusts to 60 knots. A few
    cumulonimbi with maximum tops to 450. Mean storm motion vector
    27045.

    …Smith

    Note: The Aviation Watch (SAW) product is an approximation to the watch area. The actual watch is depicted by the shaded areas.
    SAW7
    WW 87 SEVERE TSTM GA NC SC 311530Z – 312300Z
    AXIS..115 STATUTE MILES EAST AND WEST OF LINE..
    35N GSP/GREENVILLE SC/ – 55SSW MCN/MACON GA/
    ..AVIATION COORDS.. 100NM E/W /27NNW SPA – 23NE PZD/
    HAIL SURFACE AND ALOFT..1 INCH. WIND GUSTS..60 KNOTS.
    MAX TOPS TO 450. MEAN STORM MOTION VECTOR 27045.

    LAT…LON 35398018 31958205 31958597 35398426

    THIS IS AN APPROXIMATION TO THE WATCH AREA. FOR A
    COMPLETE DEPICTION OF THE WATCH SEE WOUS64 KWNS
    FOR WOU7.

    Watch 87 Status Report Message has not been issued yet.

    Note:  Click for Complete Product Text.Tornadoes

    Probability of 2 or more tornadoes

    Low (20%)

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

    Low (5%)

    Wind

    Probability of 10 or more severe wind events

    Mod (60%)

    Probability of 1 or more wind events > 65 knots

    Low (20%)

    Hail

    Probability of 10 or more severe hail events

    Low (20%)

    Probability of 1 or more hailstones > 2 inches

    Low (

    MIL OSI USA News –

    April 1, 2025

  • MIL-OSI Security: Taos Man Admits to Killing Up-And-Coming Native American Artist Deanna Suazo

    Source: Office of United States Attorneys

    ALBUQUERQUE – Santiago Martinez pleaded guilty in federal court to voluntary manslaughter for the death of his girlfriend, DeAnna Autumn Leaf Suazo, a talented Indigenous artist, following a late-night argument in November 2021.

    According to court records, on November 12, 2021, Santiago Martinez and his girlfriend, DeAnna Suazo, were at their shared home, where they consumed alcohol and listened to music in her vehicle. Early in the morning hours, the couple engaged in a heated argument outside their home about the future of their relationship, during which Suazo reiterated her desire to end things. The argument escalated into a physical altercation, leading to Martinez intentionally running over Suazo with her SUV, resulting in her death due to mechanical asphyxia and blunt trauma

    Although Martinez had consumed alcohol, he acknowledged being aware of his actions and their wrongfulness at the time of the incident.

    DeAnna Autumn Leaf Suazo (Diné, Taos Pueblo) was a talented artist and the daughter of Native American artists Geraldine Tso, a Navajo artist, and David Gary Suazo, a Taos Pueblo painter. She celebrated her Indigenous heritage through figural paintings of strong Indigenous women, blending traditional and contemporary styles with inspiration from Japanese manga. Suazo’s work was exhibited nationwide, including at the IAIA Museum of Contemporary Native Arts and the Balzer Contemporary Edge Gallery. In 2022, IAIA established the DeAnna Autumn Leaf Suazo Memorial Fund for Indigenous female artists in the MFA in Studio Arts Program, honoring her legacy and contributions to the art world.

    DeAnna pictured with her artwork courtesy of David Gary Suazo

    At sentencing, Martinez faces between 10 and 15 years in prison followed by not less than three years of supervised release.

    Acting U.S. Attorney Holland S. Kastrinand Raul Bujanda, Special Agent in Charge of the FBI Albuquerque Field Office, made the announcement today.

    The Santa Fe Resident Agency of the FBI Albuquerque Field Office investigated this case with assistance from the Taos Pueblo Department of Public Safety. Assistant United States Attorneys Zachary Jones and Nora Wilson are prosecuting the case.

    MIL Security OSI –

    April 1, 2025

  • MIL-OSI: Check Point Software Emerges as a Leader in Attack Surface Management After Acquiring Cyberint, According to Latest GigaOm Radar Report

    Source: GlobeNewswire (MIL-OSI)

    REDWOOD CITY, Calif., March 31, 2025 (GLOBE NEWSWIRE) — Check Point Software Technologies Ltd. (NASDAQ: CHKP), a pioneer and global leader of cyber security solutions, has emerged as a leading player in Attack Surface Management (ASM) with its acquisition of Cyberint, as highlighted in the recent GigaOm Radar report. Cyberint, recognized as a top performer in the Maturity/Platform Play quadrant, now brings its ASM expertise to Check Point’s External Risk Management solution. This combination of automated asset discovery and continuous risk monitoring with advanced threat intelligence provides customers with superior attack surface oversight and enhanced security measures.

    According to Gartner, “by 2026, organizations that prioritize their security investments based on a continuous exposure management program will be 3X less likely to suffer a breach,” highlighting the need for a strong ASM solution. The GigaOm Radar for Attack Surface Management assessed 29 leading ASM solutions, with analyst Chris Ray highlighting Cyberint’s performance. According to Ray, “Cyberint achieved its Outperformer status thanks to its innovative approach to threat intelligence and robust integration capabilities. The company’s continuous improvement of core features, along with an expanded scope of threat intelligence and more accurate alerts, positions it for significant market growth in the coming years.”

    As part of the Check Point Infinity Platform, the External Risk Management solution equips organizations with proactive security capabilities to effectively oversee their attack surface. By merging ongoing asset discovery, cutting-edge threat intelligence, and AI-powered prevention, this solution delivers real-time visibility and automated risk mitigation, integrating smoothly with the Check Point portfolio.

    “We are proud to be recognized as a leader in this space,” said Yochai Corem, VP of External Risk management at Check Point Software Technologies. “Our leadership shows how our customers can benefit from a comprehensive external view mapped to the threats related to their assets and the ability to simplify the remediation to those threats.”

    With cyber threats evolving at an unprecedented pace, Check Point’s approach ensures organizations can stay ahead of adversaries, reduce exposure, and enhance their overall security posture with ease. Other standout features highlighted in GigaOm’s evaluation include:

    • Augmented Threat Visibility: Continuous and autonomous scanning of the entire modern attack surface including IP, Domains, third party, dark web and more
    • Proactive Security Validation: Passive attack surface discovery combined with active exposure validation. This proactive scanning capability tests the exploitability of vulnerabilities and exposures on internet-facing assets so customers can quickly identify and remediate imminent risks
    • Advanced Threat Intelligence: Through Check Point ThreatCloud AI, the platform provides a combined view, facilitating rapid, real-time threat intelligence sharing, enhancing the speed and effectiveness of threat detection and response

    Discover additional details about this award on our blog and access a free copy of the GigaOm Radar for Attack Surface Management here.

    Follow Check Point via:
    X (Formerly known as Twitter): https://www.twitter.com/checkpointsw
    Facebook: https://www.facebook.com/checkpointsoftware
    Blog: https://blog.checkpoint.com
    YouTube: https://www.youtube.com/user/CPGlobal
    LinkedIn: https://www.linkedin.com/company/check-point-software-technologies

    About Check Point Software Technologies Ltd. 
    Check Point Software Technologies Ltd. (www.checkpoint.com) is a leading AI-powered, cloud-delivered cyber security platform provider protecting over 100,000 organizations worldwide. Check Point leverages the power of AI everywhere to enhance cyber security efficiency and accuracy through its Infinity Platform, with industry-leading catch rates enabling proactive threat anticipation and smarter, faster response times. The comprehensive platform includes cloud-delivered technologies consisting of Check Point Harmony to secure the workspace, Check Point CloudGuard to secure the cloud, Check Point Quantum to secure the network, and Check Point Infinity Platform Services for collaborative security operations and services.

    The MIL Network –

    April 1, 2025

  • MIL-OSI: Sourcetable gets $4.3m and launches world’s first “self-driving spreadsheet” powered by AI

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, March 31, 2025 (GLOBE NEWSWIRE) — While 750 million people use spreadsheets every day, only 20% know how to use basic functions like VLOOKUP or create a pivot table – leaving powerful insights inaccessible to the vast majority of us. Today, Sourcetable announces the launch of the world’s first autonomous “self-driving” spreadsheet that uses AI to democratize data analysis for everyone. Alongside this breakthrough, the company has closed a $4.3 million funding round to accelerate its mission of making spreadsheet analysis accessible to all.

    This seed funding round was led by Bee Partners with participation from Julien Chaumond (Hugging Face co-founder), Preston-Werner Ventures (GitHub co-founder), Roger Bamford (Distinguished Architect at MongoDB), and James Beshara (Magic Mind co-founder). 

    Sourcetable founders: Eoin McMillan and Andrew Grosser. CREDIT: Sophia Morel.

    Sourcetable’s approach eliminates the technical barrier that has plagued spreadsheets since their inception. Users simply tell the spreadsheet what they want done through natural language commands, and Sourcetable’s AI does the work for them. Instructions can be made via keyboard or through a hands-free voice control mode, creating an experience the team calls “vibing” – similar to the emerging practice of vibe coding. This marks the first time a spreadsheet has offered full “self-driving” autopilot capabilities, where the AI has complete write access and edit control to complete multi-step operations.

    “AI is the biggest platform shift since the browser, with a bigger opportunity for disruption. Sourcetable is building the AI spreadsheet for the next billion users, be they human or AI,” says Eoin McMillan, CEO & Co-founder of Sourcetable. “As AI makes analysis easier, everybody will become an analyst. Sourcetable’s AI automation ushers in a new era of productivity and human cognition.”

    Sourcetable’s autopilot mode can complete a wide range of complex tasks that typically require advanced spreadsheet knowledge, including creating and editing financial models, generating spreadsheet templates, building pivot tables (something Google Sheets’ AI struggles with), cleaning data, creating charts and graphs, editing formatting, enriching data, and analyzing entire workbooks. The AI can understand data context without requiring users to pre-select ranges, interpret multiple ranges across different tabs, work with messy data, and seek human clarification when instructions are unclear.

    Sourcetable in action: AI spreadsheet Autopilot. CREDIT: Sourcetable.com

    Founded by Eoin McMillan and Andrew Grosser, both based in San Francisco, Sourcetable is built on the founders’ deep expertise in machine learning and AI from previous startups. This technical background has allowed the team to leapfrog Excel and Sheets’ AI offerings and be first to market with full automation capabilities – a significant milestone considering Excel was last disrupted in 2006 when Google Sheets launched with browser-based collaboration.

    Yet, Sourcetable’s journey didn’t start here. Originally, the platform was built for technical users – data scientists, Python programmers, and SQL analysts. But the real breakthrough came when the team flipped this approach, focusing instead on making spreadsheets more powerful for everyday users. By integrating AI to streamline common but complex workflows, friction went down, engagement went up, and they realized the potential of AI to democratize data analysis for everyone.

    At the core of this breakthrough is a fast, accurate, code-driven evaluation loop developed by the Sourcetable team. This system verifies AI responses in real-time, ensuring the accuracy needed for complex, multi-step automation. Without this foundation, self-driving spreadsheet automation would be too slow and unreliable to be trusted.

    Sourcetable’s AI features. CREDIT: Sourcetable.com

    Early user Simar Singh, co-founder at Butternut AI added: “In the future, it’s obvious that humans won’t be doing spreadsheet grunt work, and will defer to AI instead. We use Sourcetable to speed up our internal analytics workflows, and love the copy enrichment feature too. Big fans!”. Andrey Karmanov, Research Assistant at Waterloo University said: “Sourcetable is great for importing data for clear and easy visualizations, especially when using the AI assistant to transform data for forecasting or further analysis.”

    What sets the company apart is also its best-in-class, flexible approach to models. While Microsoft and Google are locked into their proprietary AI models, Sourcetable’s AI selects the optimal model for each task – often combining multiple models for the best results. This agility allows Sourcetable to integrate the latest breakthroughs from OpenAI, Anthropic, Groq, Meta (Llama), NVIDIA, Prior Labs, DeepSeek, and Hugging Face on the day of release, ensuring users always have access to cutting-edge AI capabilities.

    Michael Berolzheimer, Managing Partner, Bee Ventures added: “For decades, we’ve been stuck in a world with those who know Excel, and those who don’t.  Not anymore.  Today’s AI supercycle demands that all of our interfaces transform to become useful for both humans and machines, and they all demand a new data architecture.  Eoin, Andrew and the Sourcetable team have done it.  Now anyone, human or agent, can benefit from accurate, reliable data analysis, underpinned by the all important spreadsheet.”

    Julien Chaumond, Co-Founder & CTO at Hugging Face said: “Spreadsheet apps are an Internet-native product I use every day in both my work and personal life, and I’ve for a long time wished that one could multiply their productivity with AI. So when I got the opportunity to invest in such a product in Sourcetable I was excited to do it.”

    Tom-Preston Werner, GitHub Co-founder and partner at Preston-Werner Ventures commented: “AI is the biggest collaboration opportunity since Git. Once we understood Sourcetable’s ambition and vision, we were eager to invest”.

    Ultimately, Sourcetable is part of a new wave of AI-powered productivity platforms reshaping the industry. Companies like Cursor, Windsurf, Shortwave, and Granola are proving that incumbents can be challenged – and Sourcetable is positioned to be the next major player in this transformation. And for the team, this is just the beginning.

    Looking ahead, Sourcetable is evolving into a full-scale platform for AI agents and applications, enabling seamless agent-to-agent interactions and serving as an operating system for the web. With read/write capabilities to third-party systems planned, it’s not just reinventing spreadsheets – it’s redefining how businesses interact with data.

    Ends

    Media images can be found here. 

    About Sourcetable
    Sourcetable is an AI spreadsheet and data analyst that makes it easy to analyze Excel and CSV files, create charts and graphs, clean data, answer questions, and 10x your spreadsheet productivity. Sourcetable is a leader in AI-enabled spreadsheet automation.

    Sourcetable is based in San Francisco and was founded by Eoin McMillan (CEO) and Andrew Grosser (CTO). Sourcetable has raised money from top Silicon Valley firms and angel investors including Long Journey Ventures, Bee Partners, NextView Ventures, Preston-Werner Ventures, Julien Chaumond, and Lenny Rachitsky. For more information please visit https://sourcetable.com/ or follow via LinkedIn, TikTok, Youtube or X.  

    About Bee Partners
    We are at the outset of a decades-long supercycle of AI-enabled machines that will drive evermore acceleration. This supercycle is persistent and rapidly evolving, and favors adaptive, technical and bold founders.

    Bee Partners invests at the pre-seed, providing deep tech exposure for our LPs. We invest pre-product and pre-revenue in 8-10 companies per year, offering Founders both $500k-$1.5M in funding as well as deep partnership with our network in exchange for meaningful ownership. In doing so, we underwrite every position to return the fund. Bee’s partnership model is built on integrity and trust with our Founders, delivering value from day one in the form of strategic introductions to customers, future partners and employees and capital sources.

    Bee Partners model has led its pre-seed portfolio to a 60% matriculation rate to Series A with more than $2B in follow-on capital from the world’s top VCs.

    The MIL Network –

    April 1, 2025
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