Category: Machine Learning

  • MIL-OSI: Varonis Named a Leader and a Customer Favorite in Data Security Platforms by Independent Research Firm

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, March 04, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS) proudly announced it was named a Leader by renowned research and advisory firm Forrester in the report, The Forrester Wave™: Data Security Platforms, Q1 2025. Varonis also received the new designation of a Customer Favorite among evaluated vendors based on outstanding customer feedback.

    Findings from the report:

    • Varonis earned the Highest Score in the Current Offering category. Varonis earned 5 out of 5 scores in the criteria of Data Discovery, Data Classification, Data Threat and Risk Visibility, Data Access Controls, Reporting, Investigations, Manageability and Support, and Supplier Risk.
    • Varonis is Top-Ranked in the Strategy category. Varonis earned the highest score in the Strategy category, receiving the highest possible scores in the criteria of Vision, Innovation, Pricing Flexibility and Transparency, Community, and Supporting Services and Offerings.
    • Varonis received a Customer Favorite designation. According to the report: “Customers praise the careful, planned use of AI and automation, highlighting areas like workflow and data classification. They commend Varonis’ support and both the IR and MDDR (Managed Data Detection and Response) services.”

    According to the report, “Varonis’ vision of harnessing deep data insights to automate remediation for data security outcomes stands out. Its demonstrated ability to execute and its approach to innovation and supporting services reinforce its differentiation.” The report also stated that “Organizations that require deep understanding of data and remediation of access controls across their environment, with services to augment their own team, should consider Varonis.”

    “We are enormously proud that Varonis has been named a Leader in Data Security Platforms,” said Varonis CEO, President and Co-founder Yaki Faitelson. “We believe this recognition further validates our platform approach which gives customers an end-to-end solution to automatically and continuously reduce sensitive data risk, stop advanced cyberattacks, and adopt AI with confidence.”

    Access the full report to see why Varonis is a Leader and a Customer Favorite.

    Additional Resources

    Forrester does not endorse any company, product, brand, or service included in its research publications and does not advise any person to select the products or services of any company or brand based on the ratings included in such publications. Information is based on the best available resources. Opinions reflect judgment at the time and are subject to change. For more information, read about Forrester’s objectivity here.

    About Varonis

    Varonis (Nasdaq: VRNS) is the leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.

    Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), AI security, and insider risk management.

    Varonis protects data first, not last. Learn more at www.varonis.com.

    Investor Relations Contact:
    Tim Perz
    Varonis Systems, Inc.
    646-640-2112
    investors@varonis.com

    News Media Contact:
    Rachel Hunt
    Varonis Systems, Inc.
    877-292-8767 (ext. 1598)
    pr@varonis.com 

    The MIL Network

  • MIL-OSI: ZeroFox to Sponsor, Exhibit and Present at FS-ISAC Americas 2025 Spring Summit

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, March 04, 2025 (GLOBE NEWSWIRE) — ZeroFox, the leader in external cybersecurity, will sponsor, exhibit, and present at the FS-ISAC 2025 Americas Spring Summit. Conference attendees can visit ZeroFox at Booth #15, and join Chief Technology Officer Mike Price on March 10 from 2:00 PM – 2:45 PM local time, for a presentation on how artificial intelligence (AI) avatars are reshaping the future of cyber operations.

    As financial institutions face increasingly sophisticated digital threats, the role of AI in both attack and defense continues to evolve. Organizations must adapt their security strategies to address emerging challenges, including AI-powered attacks, sophisticated impersonation schemes, automated fraud campaigns, and coordinated cyber threats targeting financial infrastructure. Backed by experts who understand specific risks to financial services institutions, and with over a decade of cybersecurity SaaS experience, ZeroFox is the trusted leader in protecting these enterprise digital landscapes through Digital Risk Protection (DRP), seamlessly integrated with Threat Intelligence (TI) and External Attack Surface Management (EASM) capabilities.

    “The integration of AI into cyber operations represents both a significant challenge and opportunity for financial institutions,” said Mike Price, Chief Technology Officer at ZeroFox. “As these technologies advance, understanding how AI avatars will impact the threat landscape is crucial for developing effective defense strategies. I look forward to sharing insights with the financial services community about preparing for this next evolution in cybersecurity.”

    Representatives from ZeroFox will be available at Booth #15 to discuss the company’s comprehensive external cybersecurity platform and advantages for financial institutions, including:

    • Reduce Attack Surface Exposure and Mitigate Digital Risk: Use ZeroFox’s dedicated digital risk protection products and services, to identify and stop financial fraud, risks, and targeted attacks before they impact your business, customers, partners, and employees.
    • Automate Manual Processes to Augment Security Teams: Advanced automation and analyst-vetted intelligence scours trillions of potentially malicious accounts and posts, reducing the time-intensive process of data collection, analysis, context, and remediation.
    • Understand IoCs and TTPs: Apply expert-vetted, actionable threat intelligence to proactively identify how attackers bypass traditional security perimeter controls and execute targeted attacks against financial services institutions at scale.
    • Protect Customers from Financial Crime: Rapidly identify and stop cybercriminals from exploiting customers’ digital presence, with automated disruption services and in-house takedowns of fraudulent content, accounts, domains, and communications.
    • Avoid Costly Compliance Violations: Automatically enforce policies for all employees and executives across external digital communication and social media platforms to ensure regulatory compliance with PCI DSS, FFIEC, FINRA, and more.
    • Safeguard Key Personnel: Identify and take down fraudulent social media accounts, impersonations, or malicious content targeting your executives and VIPs. Ensure protection from physical threats at home or on-the-go.

    Visit ZeroFox at Booth #15 to learn more. For all media inquiries related to ZeroFox, or to schedule a meeting during the FS-ISAC Americas 2025 Spring Summit, please email press@zerofox.com.

    About ZeroFox
    ZeroFox is the trusted leader with over a decade of cybersecurity SaaS expertise protecting enterprise digital landscapes—where business operations, customers, and threat actors converge. Through its AI-powered Digital Risk Protection (DRP) solutions, seamlessly integrated with Threat Intelligence (TI) and External Attack Surface Management (EASM) capabilities, ZeroFox empowers organizations to proactively monitor, detect, and disrupt emergent threats by cyber attackers targeting their brands, domains, and people. With ZeroFox, organizations can achieve deeper threat contextualization, faster detection and response times, and longer-term cost savings by anticipating, understanding, and mitigating external digital threats at scale. Join thousands of customers, including the largest public sector organizations and leaders in finance, media, technology, retail, and healthcare, to stay ahead of adversaries and manage the full lifecycle of external cyber risks. ZeroFox and the ZeroFox logo are trademarks or registered trademarks of ZeroFox, Inc. and/or its affiliates in the U.S. and other countries. Visit zerofox.com for more information.

    Media Inquiries
    Maisie Guzi, ZeroFox
    press@zerofox.com

    The MIL Network

  • MIL-OSI: Nexla Expands AI-Powered Integration Platform to Accelerate Enterprise-Grade GenAI

    Source: GlobeNewswire (MIL-OSI)

    SAN MATEO, Calif., March 04, 2025 (GLOBE NEWSWIRE) — Nexla, a leader in AI-powered integration, announced a major update to the Nexla integration Platform, expanding its no-code integration, RAG pipeline engineering, and data governance capabilities to make enterprise-grade GenAI accessible to everyone.

    The Nexla integration platform is the first integration platform powered by AI and built to handle today’s data variety. With Nexla, you can integrate any data, create AI-ready data products, and deliver GenAI projects without coding and up to 10x faster than the alternatives.

    Nexla uses AI to connect, extract metadata, and transform source data into human-readable data products, called Nexsets, that enable true data reuse and governance. Its agentic RAG framework lets companies implement RAG for agents and assistants without coding and uses LLMs during each stage to improve accuracy. For example, Nexla can get context from multiple data products, use a unique algorithm to rank, prioritize, and eliminate data, and then combine the context with a rewritten query and submit it to just about any LLM.

    This latest release introduces several groundbreaking capabilities that, combined, help companies deliver enterprise-grade GenAI without having to rely on specialized AI developers.

    Agentic Retrieval –– Retrieval refers to the moment during RAG inferencing when context is retrieved. Unlike most other products, which only retrieve data from a specific source, like a vector database, Nexla uses an LLM to dynamically find data across any relevant data products while enforcing data security policies. Expanding the sources of data using Nexla’s agentic retrieval can dramatically improve AI accuracy without having to load all the data into a vector database.

    Nexla Orchestrated Versatile Agents (NOVA) –– NOVA, which has been in use by early adopters, is now generally available. NOVA is an agentic interface within the Nexla UI, built on Nexla’s agentic AI framework that lets anyone compose end-to-end pipelines by using natural language (e.g. English) commands. Nexla uses an LLM to create the tasks and code (Python and SQL) to query sources, build transforms, and orchestrate pipelines. Users can work entirely within NOVA or move between NOVA, no-code point-and-click configuration, and pro-code mode.

    Converged Integration –– This release also continues to make no-code integration faster and simpler by adding more flow templates, pre-built and configured patterns for implementing specific types of integrations much faster without coding, and more connectivity.

    The new templates include:

    • FlowOrchestration — Combine any data flows of different integration styles.
    • ELT — Quickly create flows into data warehouses, data lakes and databases.
    • Direct — Quickly build high-throughput point-to-point data flows.
    • BYO —  BYO (Build Your Own) integration runtime and deploy and manage it in Nexla.
    • RAG — Rapidly implement a modular RAG pipeline without coding.

    This release also adds general-purpose document ingestion with advanced agentic chunking that improves LLM accuracy by chunking and formatting data to help the LLM better interpret the data.

    Data Product Marketplace — The Nexla Data Product Marketplace, a first of its kind, empowers data product producers to create, publish, and govern the full variety of data as fully managed data products. Data products allow users to apply data policies and enforce security at runtime. The Marketplace provides a simple way to discover data while centrally controlling all access and usage.

    “While there was significant hype around GenAI in 2024, 2025 is the year for AI to solve business problems,” said Saket Saurabh, Nexla Co-founder and CEO. “Nexla’s latest release enables companies to be successful with agentic AI now, using their existing resources and skill sets, by combining an enterprise-grade integration and agentic AI foundation with no-code data engineering, all powered by AI.”

    To learn more about Nexla’s enterprise-wide data integration platform, built from the ground up specifically for GenAI developers and users, please visit:

    About Nexla

    Nexla is a leader in AI-powered integration whose mission is to make data ready-to-use for everyone. The Nexla Integration Platform is the first integration platform powered by AI and built to handle today’s data variety. With Nexla you can integrate any data, create AI-ready data products, and deliver enterprise-grade GenAI without coding, up to 10x faster than the alternatives.

    Trusted to deliver mission-critical data by leading companies including DoorDash, LinkedIn, Johnson & Johnson, and LiveRamp, Nexla is headquartered in San Mateo, California.  It has been recognized in the 2022, 2023, and 2024 Gartner Magic Quadrant™ for Data Integration Tools and top-rated by customers on Gartner Peer Insights.

    Media Contact:
    Nexla@bocamarketing.com

    The MIL Network

  • MIL-OSI: ASAPP Appoints Priya Vijayarajendran as CEO

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) — ASAPP, the leading provider of AI-powered contact center software, today appointed Priya Vijayarajendran to the position of CEO. As ASAPP’s former CTO and president of technology, Vijayarajendran brings three decades of AI and software leadership at global enterprises including Microsoft, IBM and SAP.

    “Our goal at ASAPP is clear – to be the industry leader in AI for contact centers,” said Priya Vijayarajendran, CEO of ASAPP. “Achieving our goal means advancing our best-in-class products, and helping our customers quickly realize the measurable economic and goodwill value of our offerings. ASAPP is uniquely positioned with the talent, domain expertise, technology, and momentum to make our goal a reality, and I’m proud to lead our unmatched team.”

    “At ASAPP we find ourselves in the midst of the greatest tech revolution of our time, and we are reimagining what customer experience can be like, enabled by generative artificial intelligence,” said Frank Slootman, a member of the ASAPP board of directors. “Under Priya’s leadership, we have a real shot at totally transforming the economics, quality and monetization of AI-enabled CX. We are rapidly advancing features with our customers, and it takes ASAPP’s driven, inspired and customer-obsessed team to make that happen!”

    ASAPP’s products are inspired by large, enterprise, data-rich problems in customer service, and ASAPP’s AI solutions go beyond basic automation to redefine the role of AI in solving industry specific customer challenges. ASAPP’s new GenerativeAgent autonomously and safely resolves complex customer service interactions, and integrates with a company’s historical customer data. GenerativeAgent supports a wide variety of APIs, native integration and advanced authentications, which enables fast deployment and instant value creation.

    “ASAPP provides the industry’s leading agentic AI system for enterprise contact centers,” said James Montgomery, chairman of March Capital and a member of the ASAPP board of directors. ASAPP’s GenerativeAgent handles high volumes of interactions with speed and accuracy. The result frees up human agents to focus on complex issues that require personal interaction, and ultimately improves customer satisfaction and operational efficiency. Contact centers are obvious applications for AI in the enterprise. ASAPP brings their vision to reality – today – for many of the world’s leading companies in the airline, communications, and financial services sectors – while ensuring sophisticated data safety and privacy standards.”

    ASAPP has received numerous industry awards and its leadership in customer experience was recognized by Forrester. It named ASAPP as a leader in The Forrester Wave™: Digital Customer Interaction Solutions, Q2 2024 report. In addition, ASAPP was recognized as a leading vendor in Forrester’s The Conversation Intelligence Solutions for Contact Centers Landscape, Q1 2025 report.

    Helpful links

    About ASAPP
    ASAPP is an AI solution provider committed to solving the toughest problems in customer service. Because we automate what was previously impossible to automate, our AI-nativesolutions deliver more than efficiency gains. They redefine the role of AI in the contact center and lay the groundwork for businesses to reimagine their customer experience delivery in the age of AI. Leading enterprises rely on ASAPP’s generative and agentic AI solutions to dramatically expand contact center capacity and transform their contact centers from cost centers into value drivers. To learn more about ASAPP, visit www.asapp.com.

    Media Contact
    Amy McDowell
    Offleash PR for ASAPP
    asapp@offleashpr.com 

    The MIL Network

  • MIL-OSI: STMicroelectronics’ new integrated STM32WBA6 wireless microcontrollers combine extra features and performance with power efficiency

    Source: GlobeNewswire (MIL-OSI)

    STMicroelectronics’ new integrated STM32WBA6 wireless microcontrollers combine extra features and performance with power efficiency

    Cost-efficient and highly integrated embedded devices for emerging 2.4GHz wireless applications in smart home, health, factory, and agriculture

    Geneva, Switzerland, March 4, 2025 – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, has announced the next generation of its STM32 power-efficient short-range wireless microcontrollers (MCUs) that simplify connecting consumer and industrial devices to the IoT.

    The new STM32WBA6 series is used in connected, smart devices like wearable healthcare and wellness monitors, animal collars, electronic locks, remote weather sensors, and more. Packing extra memory and digital system interfaces, while preserving energy efficiency the new MCUs can handle richer functionality in emerging new product designs.

    The STM32WBA6 MCUs also embed SESIP3 and PSA Level3 certifiable security assets, such as cryptographic accelerators, TrustZone® isolation, random generator, and product lifecycle that will contribute and enable ST customers to reach compliancy towards the upcoming RED and CRA regulations.

    Robust and standardized wireless connectivity is central to the IoT’s success. Our new STM32WBA6 MCUs bring richer features and larger memory to address high-end applications in smart home, health, factory, and agriculture,” said Patrick Aidoune, General-Purpose MCU Division General Manager, STMicroelectronics. “Our customers can now increase the pace of development to meet demands from consumer and industrial markets for new products that deliver more features and increased capabilities within reduced size and power constraints.

    The wireless subsystem in the new STM32WBA6 microcontrollers supports Bluetooth, Zigbee, Thread, Matter, and other protocols operating in the 2.4GHz frequency band, and allows communication using multiple protocols concurrently. It’s how a system like a smart-home bridge can communicate with the homeowner’s mobile app over Bluetooth and simultaneously manage lights or thermostats through mesh networking such as Zigbee. The STM32WBA6 series also contains single-protocol variants for simpler and more cost-conscious applications.

    Customer testimonials:

    The extensive hardware feature set, low power consumption, advanced cyber security, and excellent price/performance make the STM32WBA6 devices perfect for our advanced in-car driver monitoring, incident tracking, and emergency calling solution. Aided by the extensive ecosystem and ST’s strong technical support, we were able to quickly start prototype development and achieve qualification in accordance with all applicable industry requirements. We are on track to begin production in Q2 2025,” said Vittorio Ferrari, CTO, Meta System.

    Technical notes for editors:

    • By integrating the processing core, peripherals, and wireless subsystem, STM32WBA6 MCUs help product developers meet demands to simplify new designs, miniaturize assembly size, and save the electronic bill-of-materials. With up to double the Flash and RAM on-chip, compared to the previous STM32WBA5 series, the new MCUs provide generous storage for application code and data.
    • With up to 2MB of Flash and 512KB RAM on-chip, the new STM32WBA6 MCUs contain larger memory to support more sophisticated applications.
    • The richer digital peripherals add USB High Speed as well as extra digital interfaces including three SPI ports, four I2C ports, three USARTs, and one LPUART.
    • Concurrent multiprotocol wireless makes the STM32WBA6 series ideal for applications that leverage Matter, which is designed to run on top of other protocols. The X-CUBE-MATTER software package, part of the extensive STM32Cube ecosystem, integrates the Matter SDK and comes with application examples to ease development.
    • The wireless subsystem improves performance, with sensitivity increased to -100dBm for more reliable connectivity up to the maximum specified range.
    • The STM32WBA6 series is powered by the energy-efficient Arm® Cortex®-M33 core, with floating-point unit and DSP extensions, running at up to 100MHz.
    • The STM32WBA5 and STM32WBA6 support the latest EU Radio Equipment Directive (RED) cyber-security requirements. Their SESIP3 certification target will greatly ease the customer device conformance.
    • Package options cover a wide range from a 7mm x 7mm UFQFPN48 to a 6mm x 6mm UFBGA121 with 121 pins.
    • There is also a thin wafer-level chip-scale package, WLCSP88, that measures only 3.78mm x 3.46mm.

    The STM32WBA6 MCUs are in production and available now, priced from $2.50 for orders of 10,000 pieces. For more information, please go to www.st.com/stm32wba.

    STM32 is a registered and/or unregistered trademark of STMicroelectronics International NV or its affiliates in the EU and/or elsewhere. In particular, STM32 is registered in the US Patent and Trademark Office.

    About STMicroelectronics
    At ST, we are 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of cloud-connected autonomous things. We are on track to be carbon neutral in all direct and indirect emissions (scopes 1 and 2), product transportation, business travel, and employee commuting emissions (our scope 3 focus), and to achieve our 100% renewable electricity sourcing goal by the end of 2027.

    Further information can be found at www.st.com.

    INVESTOR RELATIONS
    Jérôme Ramel
    EVP Corporate Development & Integrated External Communication
    Tel: +41.22.929.59.20
    jerome.ramel@st.com

    MEDIA RELATIONS
    Alexis Breton
    Corporate External Communications
    Tel: +33.6.59.16.79.08
    alexis.breton@st.com

    Attachments

    The MIL Network

  • MIL-OSI: Alarum to Release Fourth Quarter and Full Year 2024 Results on March 20, 2025

    Source: GlobeNewswire (MIL-OSI)

    Conference call scheduled for Thursday, March 20, 2025, at 8:30 a.m. ET

    Tel Aviv, Israel, March 04, 2025 (GLOBE NEWSWIRE) — Alarum Technologies Ltd. (Nasdaq, TASE: ALAR), a global provider of web data collection solutions, will release its financial results for the fourth quarter and full year ended December 31, 2024, before the Nasdaq market opens on Thursday, March 20, 2025.

    Mr. Shachar Daniel, Chief Executive Officer, and Mr. Shai Avnit, Chief Financial Officer, will host a conference call on March 20, 2025, at 8:30 a.m. ET to discuss the financial results and business outlook, followed by a Q&A session.

    To join the live call, please dial one of the numbers below and connect five minutes before the call begins. Please note that participants will be asked to state their name and company upon joining the call. 

    If you are unable to connect via the toll-free numbers, please use the international dial-in number:
    US toll-free: 1-877-407-0789, international dial-in: +1 201 689 8562; Israel Toll Free: 1 809 406 247.

    Date: Thursday, March 20, 2025
    Time: 08:30 a.m. ET/05:30 a.m. PT/12:30 p.m. IL

    A replay of the call will be available after 11:30 a.m. ET on March 20, 2025, through 11:59 p.m. ET on April 20, 2025.

    To access the replay, visit the Company’s website at https://alarum.io/ or here.

    Replay Dial-In: 1-844-512-2921 or 1-412-317-6671. Access ID: 13751807

    About Alarum Technologies Ltd.

    Alarum Technologies Ltd. (Nasdaq, TASE: ALAR) is a global provider of web data collection solutions. The solutions by NetNut, Alarum’s Enterprise Internet Access arm, are based on its world’s fastest and most advanced and secured hybrid proxy network, enabling its customers to collect data anonymously at any scale from any public sources over the web. Alarum’s network comprises both exit points based on its proprietary reflection technology and hundreds of servers located at its ISP partners around the world. The infrastructure is optimally designed to guarantee the privacy, quality, stability, and the speed of the service.

    For more information about Alarum, please visit www.alarum.io

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Alarum is using forward-looking statements in this press release when it discusses the timing of releasing financial results and the timing of the respective conference call. Because such statements deal with future events and are based on Alarum’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Alarum could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Alarum’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 14, 2024, and in any subsequent filings with the SEC. Except as otherwise required by law, Alarum undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.    

    INVESTOR RELATIONS CONTACT:

    investors@alarum.io

    The MIL Network

  • MIL-OSI: FE International Advises on the Acquisition of Vidello by Banzai International, Inc.

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) — FE International, a leading global M&A advisor for technology businesses, is pleased to announce the acquisition of Vidello, a video hosting and marketing technology company, by Banzai International, Inc. (NASDAQ: BNZI). This acquisition strengthens Banzai’s suite of AI-driven marketing tools, expanding its ability to provide businesses with innovative video solutions.

    Vidello, headquartered in London, offers a robust set of video marketing tools designed for entrepreneurs, startups, and agencies looking to enhance engagement through high-quality video content. Vidello has served over 90,000 customers, with its flagship CreateStudio product ranking among the top-rated video makers in the industry.

    “We’re doubling down on building the best suite of video products by adding Vidello. We believe that Vidello has created the best product in the world for making amazing 3D videos,” said Joe Davy, Founder and CEO of Banzai in a recent press release.

    The acquisition is expected to contribute approximately $6.5 million in revenue and $2 million in EBITDA to Banzai on a pro forma basis for the twelve months ending December 31, 2024. The transaction consists of a combination of cash and stock consideration, reflecting the strategic value of Vidello’s platform.

    “Vidello is an exciting addition to Banzai’s portfolio, offering a suite of high-impact video marketing tools that align with today’s digital-first strategies,” said Ashley Bohn, Partner at FE International. “We are proud to have advised on this transaction and look forward to seeing how Banzai integrates these solutions to drive further growth.”

    FE International acted as the exclusive M&A advisor to Vidello, ensuring a seamless transaction aligned with both parties’ strategic objectives.

    For more information about FE International and its role in technology M&A, visit www.feinternational.com.

    About Vidello

    Vidello is a video hosting and marketing suite which provides online businesses with the essential marketing and hosting tools to assist in growing business through video. To learn more about the company, visit www.vidello.com

    About Banzai

    Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes. On a mission to help their customers grow, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai customers include Cisco, New York Life, Hewlett Packard Enterprise, Thermo Fisher Scientific, Thinkific, Doodle and ActiveCampaign, among thousands of others. Learn more at banzai.io

    About FE International

    Founded in 2010, FE International is a globally recognized M&A advisor specializing in SaaS, e-commerce, and digital media businesses. With over 1,500 transactions completed and a total deal value exceeding $50 billion, FE International has been named one of The Americas’ Fastest Growing Companies by the Financial Times from 2020 to 2024 and is a four-time Inc. 5000 company. Learn more at feinternational.com

    Media Contact:

    Gaj Tanwar
    Marketing Coordinator, FE International
    Email: gaj.tanwar@feinternational.com

    The MIL Network

  • MIL-OSI: Reliance Global Group Schedules Fourth Quarter and Year Ended December 31, 2024 Financial Results and Business Update Conference Call

    Source: GlobeNewswire (MIL-OSI)

    Lakewood, NJ, March 04, 2025 (GLOBE NEWSWIRE) — Reliance Global Group, Inc. (NASDAQ: RELI) (“Reliance” or the “Company”), announced today that it will host a conference call Thursday, March 6, 2025, at 4:30 PM Eastern Time to discuss financial results for the fourth quarter and year ended December 31, 2024 and provide a business update.

    The conference call will be available via telephone by dialing toll-free +1 888-506-0062 for U.S. callers or +1 973-528-0011 for international callers and entering access code 522829. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2381/52132 or on the investor relations section of the Company’s website, https://relianceglobalgroup.com/events-and-presentations/.

    A webcast replay will be available on the investor relations section of the Company’s website at https://relianceglobalgroup.com/events-and-presentations/ through March 6, 2026. A telephone replay of the call will be available approximately one hour following the call, through March 20, 2025, and can be accessed by dialing +1 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering access code 52132.

    About Reliance Global Group, Inc.

    Reliance Global Group, Inc. (NASDAQ: RELI) is an InsurTech pioneer, leveraging artificial intelligence (AI), and cloud-based technologies, to transform and improve efficiencies in the insurance agency/brokerage industry. The Company’s business-to-business InsurTech platform, RELI Exchange, provides independent insurance agencies an entire suite of business development tools, enabling them to effectively compete with large-scale national insurance agencies, whilst reducing back-office cost and burden. The Company’s business-to-consumer platform, 5minuteinsure.com, utilizes AI and data mining, to provide competitive online insurance quotes within minutes to everyday consumers seeking to purchase auto, home, and life insurance. In addition, the Company operates its own portfolio of select retail “brick and mortar” insurance agencies which are leaders and pioneers in their respective regions throughout the United States, offering a wide variety of insurance products. Further information about the Company can be found at https://www.relianceglobalgroup.com.

    Contact:
    Crescendo Communications, LLC
    Tel: +1 (212) 671-1020
    Email: RELI@crescendo-ir.com

    The MIL Network

  • MIL-OSI: Phunware Appoints Quyen Du to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    25-Year Corporate Strategy & Development Executive at Fortune 500 Consumer Brands to Advance Company’s New Strategic Growth Initiatives

    AUSTIN, Texas, March 04, 2025 (GLOBE NEWSWIRE) — Phunware, Inc. (“Phunware” or the “Company”) (NASDAQ: PHUN), a leader in enterprise cloud solutions for mobile applications, announced today the appointment of Quyen Du to its Board of Directors as an independent director, effective February 28, 2025. Ms. Du will also serve on the Company’s Audit, Compensation and Nominating and Corporate Governance Committees.

    Ms. Du brings 25 years’ experience in strategy and corporate development to the Company. Based in Texas, she is a recognized leader in finance, media and entertainment, recently serving as Head of Corporate Strategy & Development, Innovations and Research for Condé Nast (NYC). Ms. Du adds a depth of experience working in a wide range of roles across corporate strategy, finance and investments, business development, distribution and partnerships. Her previous experience includes her work for Fandom, Inc., one of the world’s largest entertainment fan community platforms, where she led corporate development and was responsible for driving acquisitive growth opportunities. Ms. Du also held various executive positions at NBC Universal, where she worked on transformative M&A deals, corporate digital strategy and new market entry initiatives, including across digital native, streaming, commerce, data, gaming and audio. She has also held a studio distribution planning position at Disney and a business development role at Showtime.

    Ms. Du will serve as a Class III director and is filling a seat vacated in October 2024 as a result of the resignation of our then CEO Michael Snavely.

    “Quyen has an impressive record of guiding strategic growth and adds tremendous insight to our Board across investments, M&A and new business development,” said interim CEO Stephen Chen. “The combined business and product strategy experience of our full Board today is a fundamental asset in guiding Phunware into the future. The Board and I welcome Quyen and look forward to together driving high growth revenue and profitability for our company and investors.”

    Phunware Business Update on Nasdaq Delisting Notification

    Ms. Du’s appointment is expected to satisfy Nasdaq Stock Market LLC (“Nasdaq”) continued listing requirements for audit committee service. The appointment of Ms. Du is also intended to facilitate planning of Phunware’s 2024 Annual Shareholder Meeting at which the Class III Director seat is to be filled. Nasdaq cited Phunware for non-compliance with continued listing rules due to its failure to hold an annual stockholders’ meeting prior to fiscal year ended December 31, 2024. The Company in February submitted a compliance plan to Nasdaq setting forth steps it intends to take to address the issue, including nomination or Ms. Du for formal election to serve as the Class III director.

    About Phunware

    Phunware, Inc. (NASDAQ: PHUN) is an enterprise software company specializing in mobile app solutions with integrated intelligent capabilities. We provide businesses with the tools to create, implement, and manage custom mobile applications, analytics, digital advertising, and location-based services. Phunware is transforming mobile engagement by delivering scalable, personalized, and data-driven mobile app experiences.

    Phunware’s mission is to achieve unparalleled connectivity and monetization through the widespread adoption of Phunware mobile technologies, leveraging brands, consumers, partners, digital asset holders, and market participants. Phunware is poised to expand its software products and services audience through its new Generative AI platform, utilize and monetize its patents and other intellectual property, and reintroduce its digital asset ecosystem for existing holders and new market participants.

    For more information on Phunware, please visit www.phunware.com. To better understand and leverage generative AI and Phunware’s mobile app technologies, visit ai.phunware.com.

    Safe Harbor / Forward-Looking Statements

    This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” and similar expressions are intended to identify forward-looking statements. For example, Phunware is using forward-looking statements when it discusses the adoption and impact of emerging technologies and their use across mobile engagement platforms.

    The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. These forward-looking statements involve risks, uncertainties, and other assumptions that may cause actual results to differ materially from those expressed or implied. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our filings with the SEC. We undertake no obligation to update any forward-looking statements.

    By their nature, forward-looking statements involve risks and uncertainties. We caution you that forward-looking statements are not guarantees of future performance and that our actual results may differ materially from those expressed or implied by these forward-looking statements.

    Investor Relations Contact:

    Chris Tyson, Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    PHUN@mzgroup.us
    www.mzgroup.us

    Phunware Media Contact:

    Joe McGurk, Managing Director
    917-259-6895
    PHUN@mzgroup.us

    The MIL Network

  • MIL-OSI: Verb to Acquire AI Social Selling Startup LyveCom

    Source: GlobeNewswire (MIL-OSI)

    LOS ALAMITOS, Calif., March 04, 2025 (GLOBE NEWSWIRE) — Verb Technology Company, Inc. (Nasdaq: VERB) (“VERB” or the “Company”), the technology company behind MARKET.live, a leading livestream social shopping platform, and GO FUND YOURSELF!, a TV show and innovative new platform disrupting the crowd funding industry, today announces that it has executed a binding term sheet to acquire LyveCom, a cutting-edge AI-driven video commerce platform. The transaction is subject to certain terms and conditions, including completion of an audit of Lyvecom’s financial statements, which terms and conditions are set forth in detail in the Form 8-K filed by the Company today.

    While the transaction is expected to close within the next 60 days, if not sooner, Phase 1 of the integration of Lyvecom’s technology is complete and the new MARKET.live officially launches TODAY.

    Management contends that this transaction should not be underestimated. The integration of LyveCom’s AI-driven technology into VERB’s MARKET.live now allows brands and merchants to deliver an omnichannel livestream shopping experience to their customers. Brands and merchants will not only engage their client and customers on the newly updated and refreshed MARKET.live site, but also seamlessly across their own websites, mobile apps, and social platforms, all while leveraging AI-powered video content automation and personalized shopping experiences.

    This proprietary technology embeds livestreams and shoppable videos directly onto merchant websites without impact on site speed, while simultaneously aggregating and repurposing content from TikTok, Instagram, and YouTube into interactive shopping experiences, allowing brands to engage customers without constant content production.

    A Transformative Step for MARKET.live and the Livestream Shopping Industry
    The new MARKET.live will introduce game-changing innovations, including:

    • One-Click Simulcasting: Instantly scale the broadcast of live shopping events across MARKET.live, TikTok Shop, Shopify’s Shop App, and other social sites, including the merchant’s own e-commerce sites, maximizing audience reach and engagement, while maintaining checkout and unified inventory management and control across all of the merchant’s social sites and platforms.
    • AI-Driven Video Commerce: Advanced AI capabilities will power real-time user-generated-content creation, automated video content repurposing, and AI-powered virtual live shopping hosts.
    • Frictionless Merchant Integration: Frictionless, self-serve onboarding for merchants, enabling millions of Shopify merchants to adopt live and shoppable video with a simple 3-click integration, making livestream shopping capabilities more accessible and useable than ever.
    • New Strategic Partnerships: New and expanded strategic partnerships with Tapcart, Shopify Shop App, Klaviyo, Recharge, and agency networks will expand MARKET.live’s footprint into mobile commerce and high-growth DTC brands.
    • Real-Time Data & Analytics: An intelligent analytics hub will provide in-depth insights into shopper behavior, enabling merchants to refine strategies and boost conversions.

    “The future of commerce is video-first, and this acquisition accelerates that future,” said Maxwell Drut, Co-Founder and CEO of LyveCom and incoming Chief Technology Officer at MARKET.live. “By combining LyveCom’s cutting-edge AI-powered video commerce technology with VERB’s expansive market reach, we are creating one of the most advanced, omnichannel video shopping ecosystems in the U.S. Together, we’re not just enabling brands to sell through video — we’re redefining how consumers discover, engage, and shop in a content-driven world.”

    “Unlike closed marketplaces like Amazon Live and TikTok Shop, MARKET.live + LyveCom offers brands full control over their audience, content, and conversions while leveraging AI to automate and optimize video commerce. This is a paradigm shift in digital retail, empowering brands to sell smarter, faster, and more profitably than ever before. And with over 4 million Shopify merchants actively seeking AI-driven solutions, we believe that the addition of LyveCom’s AI technology, VERB’s MARKET.live is positioned for explosive growth and recurring revenue expansion.”

    “This deal brings together LyveCom’s innovative AI driven video commerce solutions with VERB’s resources and expertise,” said Kevin Gould, founder and CEO of Kombo Ventures and early Lyvecom investor. “I’m incredibly proud that Kombo Ventures helped incubate Lyvecom, and I’m energized by the shared vision to rapidly create the market leader in AI-driven social shopping.”

    Experience the New MARKET.live Interface
    Customers, brands, and retailers can now explore the fully modernized MARKET.live interface at www.MARKET.live. The revamped platform not only aligns seamlessly with the latest trends in social selling, video commerce, and livestream shopping, providing an immersive and interactive shopping experience unlike any other, but also establishes the new paradigm we believe other ecommerce platforms will strive to emulate.

    Comprehensive Go-To-Market Strategy & Client Onboarding 
    With a well-defined and proven go-to-market strategy, as will be evidenced in VERB’s forthcoming Form 10-K filing, VERB’s MARKET.live is set to onboard an additional extensive list of clients, including top agency partners and direct-to-consumer brands. The acquisition strengthens MARKET.live’s ability to cater to a diverse range of businesses, from independent Shopify sellers to enterprise-level brands, ensuring a seamless and scalable transition into AI-powered social commerce.

    Positioning VERB’ MARKET.live as an Industry Leader 
    The completion of this acquisition will establish VERB’s MARKET.live as a definitive leader in livestream and AI-powered social commerce. Unlike competitors that operate within closed marketplaces, MARKET.live will offer a truly integrated, multi-platform solution that:

    • Expands e-commerce opportunities beyond a single channel, increasing brand exposure and sales potential.
    • Unlocks access to Shopify’s vast network of over 4 million merchants looking for AI-powered video commerce solutions.
    • Automates video content production and personalization at scale, driving efficiency and engagement for brands of all sizes.

    Additional features include:

    • AI-Generated Video UGC: A proprietary AI model trained on tens of thousands of video commerce interactions that will automate content creation for brands.
    • AI-Powered: Blending AI-driven personalization, automation, and omnichannel reach, bringing massive 24/7 global scalability to live shopping experiences, MARKET.live will turn video engagement into revenue.
    • AI-Powered Predictive Analytics and Automated Shoppable Content: Intelligent tools designed to optimize merchandising strategies and increase conversion rates.

    “This strategic acquisition underscores VERB’s commitment to constant and continuing innovation, as we seek to shape the future of social commerce and ultimately dominate the landscape,” said Rory J. Cutaia, CEO of VERB. “The addition of LyveCom’s AI-driven video commerce capabilities to the new MARKET.live will offer an unparalleled shopping experience that bridges brands, marketplaces, and social platforms — ensuring that consumers can engage and shop wherever they are.”

    The Future of AI-Powered Livestream Shopping – Here’s What’s Coming 
    This transaction and the work our combined teams have undertaken over the past 9 months has paved the way for our upcoming launch of yet more next generation social commerce capabilities, including:

    • AI Avatar Live Shopping Hosts: This new proprietary technology, already trained on tens of thousands of video commerce videos, has paved the way for the launch of real time AI Avatar hosts, virtually indistinguishable from human hosts, capable of real-time audience engagement.

    According to an October 2024 report published by The Business Research Company, the global social commerce industry is anticipated to experience rapid growth and is projected to surpass $1.29 trillion by 2028 at a CAGR of 13.7%.1 The Company believes that AI-powered social selling is among the fastest-growing segments in e-commerce today.

    With this acquisition, VERB is setting a new industry standard for interactive video-based social commerce, with the goal of ensuring that MARKET.live is the dominant force in this space and the go-to platform for brands looking to future-proof their business with AI-powered video commerce.

    About VERB Technology Company 
    Verb Technology Company, Inc. (NASDAQ: VERB), is the innovative force behind interactive video-based social commerce. The Company’s MARKET.live platform is a multi-vendor, livestream social shopping destination at the forefront of the convergence of ecommerce and entertainment, where brands, retailers, creators, and influencers engage their customers, clients, fans, and followers across multiple social media channels simultaneously. GO FUND YOURSELF!, is a revolutionary interactive social crowd funding platform for public and private companies seeking broad-based exposure across social media channels for their crowd-funded Regulation CF and Regulation A offerings. The platform combines a ground-breaking interactive TV show with MARKET.live’s back-end capabilities allowing viewers to tap, scan or click on their screen to facilitate an investment, in real time, as they watch companies presenting before the show’s panel of “Titans”. Presenting companies that sell consumer products are able to offer their products directly to viewers during the show in real time through shoppable onscreen icons. The Company is headquartered in Las Vegas, NV and operates full-service production and creator studios in Los Alamitos, California.

    FORWARD-LOOKING STATEMENTS  
    This communication contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties and include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance, or achievements including the following statements; the transaction closing within the next 60 days, if not sooner; the integration of LyveCom’s AI-driven technology into VERB’s MARKET.live allowing brands and merchants to deliver an omnichannel livestream shopping experience to their customers; the new MARKET.live introducing game-changing innovations; the combination of LyveCom’s cutting-edge AI-powered video commerce technology with Verb’s expansive market reach, creating one of the most advanced, omnichannel video shopping ecosystem in the U.S., redefining how consumers discover, engage, and shop in a content-driven world; the revamped platform establishing the new paradigm other ecommerce platforms will strive to emulate; the completion of the acquisition establishing VERB’s MARKET.live as a definitive leader in livestream and AI-powered social commerce; MARKET.live will offering a truly integrated, multi-platform solution; the addition of LyveCom’s AI-driven video commerce capabilities to the new MARKET.live offering an unparalleled shopping experience that bridges brands, marketplaces, and social platforms — ensuring that consumers can engage and shop wherever they are and ensuring MARKET.live remains the go-to platform for brands looking to future-proof their business with AI-powered video commerce. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the ability to satisfy the closing conditions and consummate the acquisition; the ability of VERB to derive the benefits anticipated from the acquisition including becoming a leader in livestream and AI-powered social commerce and those identified in our filings with the Securities and Exchange Commission (the “SEC”), including our annual, quarterly and current reports filed with the SEC and the risk factors included in our annual report on Form 10-K filed with the SEC on April 1, 2024. Any forward-looking statement made by us herein is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement whether as a result of new information, future developments or otherwise.

    Investor Relations:
    investors@verb.tech

    1https://www.einpresswire.com/article/754813834/social-commerce-global-market-2024-to-reach-1291-47-billion-by-2028-at-rate-of-13-7

    The MIL Network

  • MIL-OSI United Kingdom: expert reaction to unpublished preprint on inducing loss of function of genes in mice to produce woolly mammoth- like hair phenotypes

    Source: United Kingdom – Executive Government & Departments

    An unpublished preprint uploaded to BioRXiv looks at gene editing in mice to create woolly mammoth-like hair phenotypes. 

    Dr Tori Herridge, Senior Lecturer, School of Biosciences, University of Sheffield, said:

    Woolly Mouse in Context

    “Colossal have announced that they have successfully bred ‘woolly mice’, and this is a “water shed moment” in their mission to genetically engineer an arctic adapted elephant, aka “bringing back the mammoth.”

    “Colossal’s team made a number of genetic changes known as “knock outs” in lab mice that are already known to produce longer, thicker, wavier — or woollier — coats in mice. They also made a change known to cause blonde hair colouring in mice.

    “The result, therefore, of various “woolly mice” from these genetic changes is unsurprising: woolly mice have been produced in labs and by mice breeders many times before.”

     

    Mammoth-like genes?

    “Three of the genetic changes made in some of the mice were inspired by woolly mammoth DNA, but they still only show effects in mice. The mice were not edited to have a precise copy of the mammoth genes, but it is possible that these edits may have had a similar effect in both mice and mammoths (either by stopping the gene from working, or by changing the way the gene worked), but we cannot be sure about this.

    “It is also not possible to tell what impact these ‘mammoth-inspired’ changes had, if any, in the Colossal woolly mouse owing to other gene edits made at the same time.”

     

    Are we a step closer to ‘bringing back the mammoth’? 

    “A mammoth is much more than just an elephant in a fur coat. While we know a lot about mouse genetics, we know much less about mammoths and elephants. It isn’t yet known which sections of the genome are vital for achieving the characters need to make an elephant fit for life in the Arctic circle. Genes that are linked to fur and fat in well-studied animals like mice are obvious targets, but the devil is in the detail. And what about other characters that are equally important? Which bits of the genome underpin the teeth and jaw changes that might be needed to accommodate an Arctic diet, for example (mammoth teeth were clearly under strong evolutionary pressure to adapt to their diet)? What about things we haven’t even discovered yet, things we don’t know we don’t know?

    “Unless you decide to make EVERY edit necessary to in the genome, you are only ever going to create a crude approximation of any extinct creature, based on an incomplete idea of what it should look like. You are never going to ‘bring back’ a mammoth.

    “Colossal’s Woolly Mouse experiments also show that de-extinction attempts are fraught with failure: most gene-edited embryos failed to result in live pups (less than 10%), and very few of those born were successfully edited for all target genes. This is for experiments that made a small number of relatively simple (loss of function) changes in well understood genes, using a ‘model’ lab animal as a surrogate.

    “Engineering a mammoth-like elephant presents a far greater challenge: the actual number of genes likely to be involved is far higher, the genes are less well understood (and still need to be identified), and the surrogate will be an animal that is not normally experimented upon. Even if success rates are similar to those observed in the woolly mice (and they may well be lower given the greater number of edits and unknowns), there will likely need to be multiple pregnancies before a “successful” calf is born. This equates to either a very large number of surrogate dams, or – given elephant pregnancies last approximately 2-years – a very long time.

    “Mammoth de-extinction doesn’t seem to be on the horizon anytime soon.”

    Ethical Considerations

    “Colossal’s Woolly Mouse experiments show that the physical effect of genome-editing cannot be observed until the animal experimentation stage. This will also be true in elephants.

    “Although it is branded as “woolly mammoth de-extinction”, what is being proposed is an experiment to test the effect of certain gene edits on the appearance of elephants.

    “For the mice in these experiments the risk was small: the effect of these gene edits already known, and were not likely to cause risk or suffering to surrogate or pup.

    “We do not know the risk involved for elephants, but it could be very high.

    “We do know that surrogacy is a burden on the dam, and that captive elephant pregnancies carry risks even under normal circumstances.

    “Placing such a burden of risk on an elephant surrogate in pursuit of an experiment that – at best – will produce a simulacrum of a woolly mammoth, is unjustifiable.”

    Dr Saad Arif, Senior Lecturer, School of Biological and Medical Sciences, Oxford Brookes University, said:

    Is there enough info to comment on the announcement, how well can we judge what has been accomplished and how it has been done?

    “The preprint provides enough information on what has been accomplished and how it was conducted.”

     

    How novel is the research and techniques to create the mouse, is it more than just genetically engineered lab animals? Is this something more special?

    “One novel element of the work seems to be the use of genome-editing technologies to alter multiple genes at once with high efficiency and speed in mice. Although we have had the ability to alter multiple genes at once for sometime, the efficiency and speed with which these changes can be made could still be improved. Based on the results presented by the authors, their methods for generating transgenic mice with the desired changes appears to be both rapid and highly efficient, which would be extremely desirable when testing for the function of genetic changes in any context, whether it has implications for conservation or disease biology.

    “Genome-editing can also lead to unintended edits in non-targeted parts of the genome resulting in unwanted modifications, so-called off-target effects. Although, the authors report no missense mutations (potentially eradicating or modifying an untargeted gene’s function), this is not demonstrable proof that  gene function hasn’t been altered. Such off-target effects could be detrimental in real world applications of genome-editing e.g. curing a disease or in trying to turn an ‘elephant” into a mammoth’.

    “Another novel aspect of this study is that some of the genes targeted by the authors are based on  their comparisons of ancient mammoth and modern elephant genomes. This set of genes (in contrast to most of the others, which are selected based on information from mice studies) comprise those with identified differences between cold-adapted mammoths and their warm-adapted elephant cousins. Hence differences in these  genes could potentially be part of the cold adaptation repertoire of mammoths. This really paves the way for exploring the consequences of genomic differences in extinct species or populations.”

    How is this proof of principle for the research missions of the company?

    “It shows that Colossal have a model system to validate predicted effects of the DNA differences they have identified between mammoth and elephant genomes and which of these differences is relevant for mammoth’s cold adaptations. For example, they identified differences in DNA sequences of a gene that controls hair length both in Elephants and Mammals, they then introduced that difference in their mouse model, via genome editing, and determined that the  change does indeed affect hair growth. The ability to edit genomes. rapidly and efficiently, to test the role of DNA changes will help them prioritize which genetic modifications are relevant for cold adaptation. 

    “However, it is important to note that their ability to predict whether a gene controls hair growth comes from work done in mice, humans and other organisms. Not all genes will have functional effects that are so easy to predict because not all genes are as well studied and screening for the effect of alterations in these genes may not be as straightforward.  Many genes, unlike those that control hair colour or some aspect of outward appearance, may not have immediate or directly observable effects. Finally, given the idiosyncrasies of mouse biology, some genetic edits will just not manifest themselves in the same way as they would in mammoths or their relatives. The authors acknowledge this and this is a well-known issue with the use of mice in studying human genetics as well. Hence, being able to test whether a specific difference between mammoths and elephants is related to the former’s cold tolerance is still challenging.”

    What are the implications of this research? How close are we getting to the “de-extinction” of the Woolly Mammoth? Does this have significance in conservation biology?
    “I think we are still very far from their “de-extinction” goal. The elephant and mammoth genomes are considered to be 96.4% identical, however, that still leaves potentially another ~13 million changes in DNA sequence to consider! It is also still unclear how mammoth cold adaptation phenotypes without a clear outward manifestation, could be identified or screened in mice.

    “Additionally, at the moment it is difficult to see how they will “birth” a mammoth-like elephant as that may also require some additional technical advances and ethical considerations as this may require elephant surrogacy. Nonetheless, it still remains a goal worth striving for because of potential technical advances they could be achieved along the way. I wouldn’t mind being proven wrong on this.
    “I see this as a fairly small step towards their “de-extinction” goal and I still see us far from any direct impact in conservation biology. Nonetheless, being able to test the genetic effects of DNA differences discovered from extinct species and populations could help us identify the genes and sequence differences involved in making organisms more adaptable to their environments. 

    “Finally, the  efficiency and speed of their multiplex genome-editing technologies is promising and perhaps the most impactful part of their work. These methods could have implications for human disease and biology and help us understand, and potentially treat, complex genetic diseases or traits that are controlled by multiple genes.”

    Is there any ethical significance of this research to consider?

    “I don’t think the results of the current research are of any ethical significance. However, later down the line, the idea of ‘birthing a mammoth’ via an elephant (an endangered species) surrogacy will surely raise ethical concerns.”

    Dr Louise Johnson, Evolutionary Biologist, University of Reading, said:

    “Seeing these mice is a bit like looking back at the past, but with a highly selective telescope. This technology offers an exciting opportunity to test some of our ideas about extinct organisms.

    “It is an interesting piece of work, but the idea that we could bring something back from extinction is false hope.

    “What has been done here is not trivial, but of the ten different mutations engineered into the mice, only a few actually make the mouse gene closer to a known mammoth gene. The result does show that it is possible to genetically engineer many genes at once and still produce some live mice at the end of the process, though. The researchers have succeeded in nudging the mouse genome in the direction of a mammoth genome, which is a first.

    “If we have an idea of what a gene might do in an extinct mammal, this technology can produce powerful results by introducing a very similar sequence into a mouse. But in this particular case, most of the mutations are chosen just because they are already known to make mice have longer, coarser, wavier hair. You could, in theory, produce mice like this by just breeding mice with weird hair together.

    “In theory, you could introduce a gene for hairiness into an elephant and it would look quite mammoth-like, but it wouldn’t be a mammoth in any meaningful way. Elephants would be a terrible species to do this research with – they are huge, have long gestation periods, and require highly specialist housing and care. The mouse is a brilliant lab animal, and we know a lot about the mouse genome and how to alter it effectively. 

    “You do have to know a bit about how the extinct genes might work. For example, it was already known that the genes for coat colour and texture were similar in the mammoth and the mouse. Being able to create and introduce a mouse gene that is somewhat the same as the mammoth opens up a new way to look at evolutionary genetics.”

    Dr Alena Pance, Senior Lecturer in Genetics, University of Hertfordshire, said:

    “Genetic engineering in mice has been performed for a very long time using, developing, and testing a variety of technologies. These modifications include introducing traits from other species, notoriously ‘humanised mice’ that have been used for research related to human traits and disease.

    “The decoding of an extinct species genome to identify specific genes associated with particular traits has also been done before, where the physical characteristics of ancient humans have been deduced from their genomic data.

    “Perhaps the novelty here is using mice to confirm the assumptions about correlations between genes and specific traits. The press release gives the impression that mammoth genes were introduced to mice but from the preprint, it transpires that the genomic editing in these mice consists of inducing loss of function of several genes simultaneously. The choice of these genes comes from observed spontaneous mutations in mice that impact traits such as coat and comparative analyses of elephant and mammoth genomes that reveal similar loss of function in some of these genes.

    “The ability to use mice in order to examine and test gene-trait relationships and hypotheses about physical characteristics specifically using genomes from extinct organisms might prove useful, but overall not particularly novel.”

    Prof Dusko Ilic, Professor of Stem Cell Science, King’s College London, said:

    “The achievement described in the latest press release regarding “woolly mice” is interesting, particularly in terms of the strategy used to refine the list of genes related to hair growth that were also compatible with their model organism—the mouse. This is indeed a noteworthy milestone.

    “Once the gene list has been established, engineering mutations in mice, including those involving seven genes, is a well-established process and not particularly challenging.

    “With mice, the process is relatively straightforward. Their gestation period is only three weeks, and they typically give birth to six to eight pups per litter. However, translating this approach to elephants presents significant challenges. Elephants have the longest gestation period of any mammal—approximately two years—and generally give birth to a single calf. Furthermore, it will take 10-14 years for them to be sexually mature.

    “Assisted reproductive technologies (ART), including in vitro fertilization (IVF), have seen limited success in elephants. The primary ART method employed in elephants has been artificial insemination (AI). The Indianapolis Zoo achieved a significant milestone in 2000 by facilitating the first successful birth of an African elephant conceived through AI. In 2023, the same zoo announced that a 16-year-old African elephant named Zahara was pregnant via AI, marking the first instance where an elephant born through AI is expecting a calf conceived by the same method.

    “This raises critical questions: How many elephant cows would need to undergo experimental pregnancies to give a birth to a “woolly elephant”? And how long would it take before the first such hybrid is born?”

    Dr Denis Headon, Group Leader and Senior Research Fellow, The Roslin Institute, University of Edinburgh, said:

    “With a long-term goal of advancing the de-extinction of the mammoth, the team have managed to alter several mouse genes in one step. They chose these gene alterations based largely on things that we know about mice, rather than what we know about mammoths. This approach produced very shaggy mice with a coat that resembles that of the woolly mammoth remains we find today. While the mice have a striking golden coat, they are otherwise healthy, indicating that the method used is not harmful. Certainly this is an advance in speeding up the rate of genetic modification towards the many changes that distinguish one species from another, though it’s not clear that these changes alone would alter a relatively hairless elephant into a woolly animal. Further work on either synthesising or understanding the mammoth genome would also be required to go beyond these superficial characteristics to generate an animal that would, for example, have the right behaviour to live in Arctic conditions. This paper reports an important advance not only for de-extinction but for animal breeding in general.”

    An unpublished preprint titled ‘Multiplex-edited mice recapitulate woolly mammoth hair phenotypes’ by Rui Chen et al. was uploaded to BioRXiv on 13:00 UK time Tuesday 4 March. 

    Declared interests

    Dr Saad Arif: None

    Dr Louise Johnson: None

    Dr Alena Pance: I can confirm I have no conflict of interest regarding this story

    Prof Dusko Ilic: I declare no conflicts of interest.

    Dr Denis Headon: I don’t have any interests to declare on this paper/story.

    For all other experts, no response for our request for DOIs was received.

    MIL OSI United Kingdom

  • MIL-OSI Russia: Parliamentary delegation from Indonesia to HSE: new prospects for cooperation

    Translartion. Region: Russians Fedetion –

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

    © Higher School of Economics

    On February 24, a meeting with a delegation of the Committee on Interparliamentary Cooperation of the Council of People’s Representatives of the Republic of Indonesia was held at the HSE on Pokrovsky Boulevard. The event was attended by the Vice-Rector of the University, the Head of the BRICS Expert Council – Russia Victoria Panova and representatives of the university’s scientific departments and centers. During the meeting, the parties discussed key areas for strengthening scientific and expert cooperation, and joint initiatives in the field of science and technology, including through BRICS.

    A delegation from the People’s Representative Council (PRC) Committee on Inter-Parliamentary Cooperation visited the university for the first time. Earlier in the day, a meeting of the Chairman of the Committee of the Council of the Federation of the Federal Assembly of the Russian Federation on International Affairs with the head of the Committee of the People’s Commissars of the Republic of Indonesia, Mr. Mardani Ali Sera.

    HSE Vice-Rector Victoria Panova welcomed the guests and said that the university is actively developing international cooperation and highly values the opportunities for interaction with Indonesia. She emphasized that HSE is not only one of the leading educational and research centers in Russia, but also a key participant in the work of BRICS: “The Higher School of Economics was chosen as an expert center for analytical and scientific work on BRICS, as it is a modern and young university that is actively developing in such key areas as IT, neuroscience, fundamental physics, and STEM in general. The BRICS Expert Council (BRICS EC) is not just a division created to support the Russian Federation’s chairmanship of BRICS in 2024. We work in long-term areas of political, socio-economic and humanitarian cooperation, conduct research and create platforms for knowledge exchange between the countries of the association.”

    Victoria Panova expressed hope for further strengthening of relations between Russia and Indonesia. “Our task is to offer Indonesia not only educational opportunities, but also expert support in various fields. We are ready for active cooperation and hope that Indonesia will take an active part in the work of the BRICS expert track,” Victoria Panova said.

    Mr. Mardani Ali Sera, in turn, noted that Indonesia is deeply interested in strengthening ties with Russia through multilateral formats, in particular BRICS, and expressed a desire to also develop bilateral relations at all levels. “We are pleased that cooperation between Russia and Indonesia has intensified in recent years. Our country is interested in interacting, including with the BRICS-Russia Expert Council based at the Higher School of Economics. We see what a significant contribution the BRICS ES makes to achieving the common goals of the association: national strategies, economic and scientific and technological development. We are confident that joint work will open up new opportunities for us, especially in the field of using technology and innovation,” Mr. Mardani Ali Sera emphasized.

    Deputy Chairman of the Inter-Parliamentary Cooperation Committee Mr. Fadlullah Muhammad Hussein said that Indonesia sees many prospects in cooperation with BRICS: “BRICS offers us great opportunities for cooperation. All member countries communicate on an equal basis and can freely choose which line to work on. BRICS is about all aspects of building a fair world order,” he added.

    Representatives of the National Research University Higher School of Economics emphasized the importance of constant interaction in the scientific research sphere. Alexander Sokolov, Deputy Director Institute for Statistical Studies and Economics of Knowledge, National Research University Higher School of Economics, director Foresight Center spoke about the development of new technologies that could be useful for Indonesia: “Our institute is actively developing the foresight direction, creating innovative methodologies and tools for forecasting and modeling future trends in various fields of science and technology. We conduct research aimed at building long-term trends in areas such as space, medicine, energy and IT, and are ready to offer our expertise and resources for work with Indonesia. Joint efforts will allow us to better understand how new technologies can shape the future of economies and societies.”

    Director Institute of Trade Policy, National Research University Higher School of Economics, BRICS ES expert Alexander Daniltsev noted the importance of trade relations for BRICS member countries. He expressed confidence that Indonesia will become a reliable partner not only for Russia. “International trade and economic cooperation issues occupy a key place within BRICS, and we are confident that Indonesia can become an important partner for all countries of the association. We are actively exploring the possibilities of developing trade relations in such strategically important areas as energy, agriculture and high technology. It is important that our joint projects contribute to stable growth and deepening of mutually beneficial cooperation, as well as open up new prospects for all BRICS members,” he said.

    Ekaterina Shamina, Deputy Director for Scientific Projects Directorate for Scientific Projects of the National Research University Higher School of Economics, drew attention to the possibility of joint work with Indonesia in the field of artificial intelligence regulation: “We are developing standards for regulating artificial intelligence in Russia, and this is one of the key areas for BRICS in the coming years. We would like to offer our Indonesian colleagues cooperation in developing a common AI testing system that could be implemented in the BRICS countries. This will allow us to work on the safe and ethical use of new technologies,” she said.

    Alexander Larichev, Deputy Dean for Research Faculty of Law informed Indonesian parliamentarians that the HSE has launched an initiative – the BRICS Law School Consortium, within the framework of which exchanges between players in the field of law are planned, and scientific publications are already being prepared: “We are implementing a lot. Many universities in the BRICS countries have already joined us. The subjects that we are developing are digital law, international commercial law and business law, etc. We will be glad to see Indonesian universities in our Consortium.”

    Natalia Zholnerovich, Deputy Dean Faculty of Geography and Geoinformation Technologies HSE noted that the faculty was founded in partnership with the Russian Academy of Sciences and its areas of activity are much broader than just geography. “We are developing specific areas of geography: climate change and adaptation to it; climate risk assessment at different levels; migration and urban systems; strategy and territorial planning based on technological solutions; the relationship between people’s potential and the resilience of territories to various risk factors,” she explained.

    The parties discussed the prospects for joint research and analytical reports, agreed on further interaction and planning of joint events aimed at strengthening the partnership within the framework of the HSE and BRICS.

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

    MIL OSI Russia News

  • MIL-OSI: HTXMining: Revolutionizing Crypto Staking and Liquidity Mining for High Rewards and Asset Flexibility

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) — HTXMining, one of the reliable Liquidity Staking Platform and Liquidity Mining Platform, is transforming the way investors engage with cryptocurrency staking and mining. Mentioning the fact that it desires to be the Well-regarded cryptocurrency staking platform out there, HTXMining provides a great environment of transparency and feasibility for those who wish to make the most of their digital asset earnings.

    Image by HTXMining

    With a proven track record and user-friendly interface, Htxmining is the go-to platform for both beginners and seasoned investors. HTXMining provides a smooth and easy way to stake popular cryptocurrencies, stake your digital assets, and boost your income whether you are new to crypto sphere or you are a seasoned investor. With a focus on cutting-edge mining infrastructure, sustainable energy solutions, and optimized staking plans, HTXMining ensures that users benefit from low fees, good rewards to earn passive income, and real-time monitoring tools.

    HTXMining: The Future of Crypto Staking

    HTXMining has put together a really advanced system for staking and mining liquidity, making it simple for investors. Unlike traditional mining, which requires expensive hardware and consumes vast amounts of energy, HTXMining provides a sustainable and eco-friendly alternative through its staking and liquidity services.

    Key Features of HTXMining

    1. Reliable Crypto Staking Returns: HTXMining boasts one of the crypto staking platforms on the market, where clients can stake their digital currency and earn rich dividends. With diverse staking options and an easy-to-use interface, HTXMining offers easy staking to investors of all types.

    2. Liquidity Staking for Maximum Flexibility: Unlike regular staking, Liquidity Staking lets investors stake their assets and still keep them liquid. This way, users can keep trading or using their assets while also earning rewards. This feature enhances financial flexibility and ensures that assets remain accessible even while generating returns.

    3. Liquidity Mining: Serve market liquidity for rewards. This liquidity mining platform allows users to serve as liquidity providers to decentralized exchanges and get rewarded for it. By supplying assets to liquidity pools, investors gain additional tokens, a share of transaction fees, and other incentives, all while contributing to the efficiency of DeFi ecosystems.

    4. Low Transaction Fees & Enhanced Security: HTXMining proudly offers very low transaction fees, meaning users get to keep more of the rewards they’ve earned. Coupled with state-of-the-art security measures and the safety of funds and transactions, it offers a secure and seamless staking experience.

    5. 24/7 Customer Support & Intuitive Interface: Understanding the dynamic needs of crypto investors, HTXMining provides round-the-clock customer support to assist users at every step. The design of the product is clear and convenient even for those users who have just registered, which allows them to have a beneficial time in staking and liquidity mining.

    Multiple Income Streams

    HTXMining offers several ways to earn:

    1. Traditional Staking: Lock your cryptocurrencies for a set period and earn rewards with minimal risk for long term stability and returns.

    2. Liquidity Staking: Stake your assets while keeping liquidity and benefit from both trading and staking rewards without sacrificing access to your funds.

    3. Liquidity Mining: Increase your earnings by adding assets to liquidity pools and receive additional tokens and transaction fees.

    4. Referral and Affiliate Programs: Earn commissions by bringing in new investors to the platform through HTXMining’s affiliate program.

    Why HTXMining?

    HTXMining’s approach is unique. We focus on transparency, security, and good returns. That’s why HTXMining is the platform of choice for those who want to grow their crypto assets efficiently. Our staking model and Liquidity Staking Platform ensure benefits to users with minimal risk.

    HTXMining is continually striving to introduce new staking possibilities, AI-optimized functionality, and multi-chain staking functionality to make its clients more profitable. HTXMining remains a key player in crypto staking and liquidity mining solutions with a good vision to be among staking platforms.

    Join HTXMining Today!

    Whether you are an experienced crypto investor or just getting started, HTXMining provides a good opportunity to earn and grow your assets. Relaxed staking options for liquidity, and a high-grade security wall are the blend of aesthetics that would allure someone wanting to thrive on their cryptocurrency earnings.

    About HTXMining: HTXMining is a reliable platform for liquidity staking and mining, providing safe ways to stake your assets and contribute to liquidity pools. By leveraging advanced blockchain technology, HTXMining empowers investors with better options to earn in the cryptocurrency market.

    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.

    Media Contact:

    Paul Winterowd, HTXMining
    +15757887086
    info@htxmining.com
    https://htxmining.com/

    The MIL Network

  • MIL-OSI: TransUnion and Truework Align to Provide Mortgage Lenders Expanded Access to Verification of Income and Employment

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, March 04, 2025 (GLOBE NEWSWIRE) — TransUnion (NYSE: TRU) announced today an advancement of its partnership with Truework, a leading income and employment verification provider. The collaboration will now allow mortgage lenders more encompassing and reliable access to the verification of income and employment (VOI/E) information they need to accelerate underwriting while minimizing costs.

    TruVision™ Income and Employment Verification (Powered by Truework) enables a comprehensive income and employment verification waterfall now available via the TransUnion API. This follows the recent launch of a similar TransUnion solution, also powered by Truework, for purposes of rental screening and builds upon the existing availability of the solution for auto lending.

    “With mortgage originations expected to rise this year, lenders more than ever will need efficient tools and resources for streamlined income and employment verification,” said Satyan Merchant, senior vice president and mortgage business leader at TransUnion. “TruVision Income and Employment Verification provides lenders with access to these major verification methods in one single solution.”

    With TruVision Income and Employment Verification, lenders have access to major verification methods — orchestrated together in a single solution with an industry-leading 75% average completion rate. This includes instant data for 48M+ active employee records, consumer-permissioned payroll which covers 90% of US employers, and automated outreach to HR departments and third-party providers.

    “We are excited to provide mortgage and home equity lenders with access to this new income and employment verification solution that can save them time and money while reducing errors along the way,” said Liz Pagel, senior vice president and global head of alternative data at TransUnion. “Through the integration of Truework’s best-in-class solution, we are getting closer to our vision that through one API call, mortgage lenders can receive credit, verified income and employment, and other critical solutions like undisclosed debt monitoring, which can help streamline the underwriting process.”

    Ethan Winchell, president and co-founder at Truework, added, “We are excited to power the end-to-end verification experience for TransUnion’s TruVision™ Income and Employment Verification product, and to bring speed, transparency, and high report completion to TransUnion customers. For Truework, this integration opens the doors for many new exciting markets where customers need income and employment data.”

    TransUnion is conducting a phased rollout of the new solution including integrations with loan origination systems, point-of-sale systems and GSE certifications. Mortgage and home equity lenders interested in piloting the solution are encouraged to contact tu_mortgage@transunion.com or their TransUnion representative to join its early adopter program. 

    About Truework
    Truework is the leading platform that solves income and employment verification pain points for mortgage lenders. Powered by automation and machine learning, Truework removes the complexities of managing multiple verification vendors in-house by replacing traditional and manual efforts and delivering comprehensive, vetted, and accurate verification reports. With Truework’s industry-leading 75% completion rate, mortgage providers achieve cost savings of up to 50%. To learn more, visit truework.com.

    About TransUnion (NYSE: TRU)
    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. http://www.transunion.com/business

    Contact Dave Blumberg
      TransUnion
       
    E-mail dblumberg@transunion.com
       
    Telephone  312-972-6646

    The MIL Network

  • MIL-OSI: The Herzfeld Caribbean Basin Fund, Inc. Announces Board Approval of Change in Investment Policy

    Source: GlobeNewswire (MIL-OSI)

    MIAMI BEACH, Fla., March 04, 2025 (GLOBE NEWSWIRE) — The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that the Fund’s Board of Directors (“Board”) has approved a change in the Fund’s investment strategy. Subject to necessary regulatory filings and the requisite approval of the Fund’s shareholders, the Fund will modify its current investment strategy and redirect the Fund to focus on a “CLO Equity Strategy”. With this change, the Fund’s primary investment objective will change to a total return strategy with a secondary objective of generating high current income for shareholders. In accordance with that change in investment objective, the Fund will focus on investing in equity and junior debt tranches of collateralized loan obligations, or “CLOs”. CLOs are portfolios of collateralized loans consisting primarily of below investment grade U.S. senior secured loans with a large number of distinct underlying borrowers across various industry sectors.

    In recommending this change to the Board, Thomas J. Herzfeld, Chairman of Thomas J. Herzfeld Advisors, Inc. (the “Investment Manager”) stated, “The Fund’s shareholders should know that we have not taken this decision lightly. We launched the Fund thirty years ago with the expectation that investment opportunities would be available upon opening of U.S. trade relations with Cuba. Over that time, we have seen the geo-political situation ebb and flow and have worked extremely hard to seek opportunities in the Caribbean Basin while we waited for the long-standing stalemate in relations to break. But with the new administration in Washington and the prospects for the opening of Cuba seemingly at a low point, we feel it is time for a dramatic change that is designed to enhance value for shareholders.”

    Cecilia Gondor, Chairperson of the Board of the Fund commented, “With the Fund continuing to trade at a persistent discount, we challenged the investment manager to recommend solutions for our shareholders. After a lengthy period of analysis, the advisor recommended that the Fund refocus its strategy to invest in CLOs. This allows the Fund to take advantage of its closed-end fund structure in a segment of the credit industry that has demonstrated an ability for funds to trade at premiums to net asset value. While this is a dramatic change in investment focus, we believe the change is in the best interest of shareholders.”

    The Directors unanimously approved the proposed changes to the Fund’s investment strategy and will recommend that the Fund’s shareholders approve the changes. The Board approved changes to the Fund’s name to Herzfeld Credit Income Fund, Inc. and ticker symbol, and that, subject to requisite shareholder approval, certain fundamental policies be modified or eliminated. The Board also authorized changes to the Fund’s investment management agreement with the Investment Manager. Those changes implement a new fee structure.

    Standard fee structures within existing funds engaged in CLO strategies are comprised of a management fee based upon assets under management and an incentive fee based upon the income earned by the funds. Under the modifications approved by the Board, the fees for the Fund will be set at a 1.25% management fee and a 10% incentive fee, subject to a hurdle rate of 9%. The prior investment management agreement between the Fund and the Investment Advisor set fees at 1.45% of assets under management. The new fee structure may be more or less than the previous fee structure depending upon the performance of the Fund and the application of the incentive fee structure.

    The Fund intends to hold a special meeting of shareholders as soon as practicable to obtain requisite shareholder approvals as required by the Investment Company Act of 1940, as amended (the “1940 Act”), which requires any change to a fundamental policy and the entering into of the new investment management agreement be approved by “a majority of the outstanding voting securities” of the Fund (as defined under the 1940 Act).

    Thomas J. Herzfeld Advisors, Inc. has been investing in the credit markets since its founding more than 40 years ago and currently manages approximately $950 million of assets across a number of investment strategies including CLOs, private and public credit and equity, municipal bonds, and other strategies. The Firm has been a consistent top Morningstar manager, having earned recognition as a 5 star performer in multiple categories for 40 consecutive quarters.1

    Mr. Herzfeld commented further, “It is imperative to me that our long-term shareholders understand that we have not given up on the opportunities that we believe ultimately will exist in Cuba. While we think the strategy change for the Fund is absolutely necessary at this time, we continue to look forward to the day when the U.S. and Cuban governments move beyond the current stalemate. We have reserved our rights to use the CUBA ticker symbol on NASDAQ and, should circumstances warrant, we will seek to explore opportunities for investment in Cuba when that day comes. Until then, however, we believe that best use of our closed-end fund structure is in the new CLO strategy.”

    Additional information about the changes to the strategy have been provided in the Fund’s Semi-Annual Report filed on Monday, March 3, 2025 with the U.S. Securities and Exchange Commission available on the Fund’s website at www.herzfeld.com/cuba and will be further included in a proxy statement (the “Proxy Statement”) that the Fund will provide in connection with its special shareholder meeting.

    Additional Information about the Strategy Changes

    This press release is not intended to, and does not, solicit a proxy from any shareholder of the Fund. The solicitation of proxies to effect the proposed changes will only be made by a definitive Proxy Statement.

    This press release references a Proxy Statement, to be filed by the Fund. The Proxy Statement has yet to be filed with the Securities and Exchange Commission (the “SEC”). After the Proxy Statement is filed with the SEC, it may be amended or withdrawn. The Fund and its directors, officers and employees, and Herzfeld Advisors, and its shareholders, officers and employees and other persons may be deemed to be participants in the solicitation of proxies with respect to the proposed fundamental policy changes and the proposed approval of the investment advisory agreement. Investors and shareholders may obtain more detailed information regarding the direct and indirect interests of the Fund’s directors, officers and employees, and Herzfeld Advisors and its shareholders, officers and employees and other persons by reading the Proxy Statement when it is filed with the SEC. INVESTORS AND SECURITY HOLDERS OF THE FUND ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED CHANGES. INVESTORS SHOULD CONSIDER THE INVESTMENT OBJECTIVE, RISKS, CHARGES AND EXPENSES OF THE FUND CAREFULLY. THE PROXY STATEMENT WILL CONTAIN INFORMATION WITH RESPECT TO THE INVESTMENT OBJECTIVE, RISKS, CHARGES AND EXPENSES OF THE FUND. The Proxy Statement will not constitute an offer to buy or sell securities, in any state where such offer or sale is not permitted. Security holders may obtain free copies (when it becomes available) of the Proxy Statement and other documents filed with the SEC at the SEC’s web site at www.sec.gov. In addition, free copies (when it becomes available) of the Proxy Statement and other documents filed with the SEC may also be obtained by directing a request to the Fund at (800) 854-3863

    About Thomas J. Herzfeld Advisors, Inc.

    Thomas J. Herzfeld Advisors, Inc., founded in 1984, is an SEC registered investment advisor, specializing in investment analysis and account management in closed-end funds.

    More information about the advisor can be found at www.herzfeld.com.

    Past performance is no guarantee of future performance. An investment in the Fund is subject to certain risks, including market risk. In general, shares of closed-end funds often trade at a discount from their net asset value and at the time of sale may be trading on the exchange at a price which is more or less than the original purchase price or the net asset value. An investor should carefully consider the Fund’s investment objective, risks, charges and expenses. Please read the Fund’s disclosure documents before investing.

    Forward-Looking Statements

    This press release, and other statements that TJHA or the Fund may make, may contain forward looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to the Fund’s or TJHA’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions. TJHA and the Fund caution that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and TJHA and the Fund assume no duty to and do not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. With respect to the Fund, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, particularly with respect to Cuba and other Caribbean Basin countries, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Fund or in the Fund’s net asset value; (2) the relative and absolute investment performance of the Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulatory, supervisory or enforcement actions of government agencies relating to the Fund or TJHA, as applicable; (8) terrorist activities, international hostilities and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or TJHA or the Fund; (9) TJHA’s and the Fund’s ability to attract and retain highly talented professionals; (10) the impact of TJHA electing to provide support to its products from time to time; (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions; and (12) the effects of an epidemic, pandemic or public health emergency, including without limitation, COVID-19. Annual and Semi-Annual Reports and other regulatory filings of the Fund with the SEC are accessible on the SEC’s website at www.sec.gov and on TJHA’s website at www.herzfeld.com/cuba, and may discuss these or other factors that affect the Fund. The information contained on TJHA’s website is not a part of this press release.

    TJHA has received certain nominations or awards by third-parties as reflected herein. Investors should review the criteria for each nomination or award as reflected on the third-party’s webpage. In addition, the nominations and awards reflect past performance of the nominee or award designee and may not reflect the current performance or status of any such firm or individual and may no longer be applicable. Morningstar award content presented with permission and licensing fee. Contact us for more information on how the ratings are apportioned and for full disclosures regarding third party news and awards.

    Contact:
    Thomas Morgan
    Chief Compliance Officer
    Thomas J. Herzfeld Advisors, Inc.
    1-305-777-1660

    ______________________

    1 See disclaimer regarding Morningstar awards.

    The MIL Network

  • MIL-OSI: Melissa Launches Integrated Datasets and Native Apps in Snowflake

    Source: GlobeNewswire (MIL-OSI)

    RANCHO SANTA MARGARITA, Calif., March 04, 2025 (GLOBE NEWSWIRE) — Melissa, a global leader in data quality and address management solutions, is now available on Snowflake Marketplace. Offering Melissa APIs as Snowflake native apps, and a selection of its comprehensive datasets, Melissa is supporting enterprise users worldwide with enriched customer data for better business intelligence and global customer engagement. This integration simplifies access to Melissa’s high-quality data and verification services, enabling businesses to enrich, validate, and leverage critical customer and location intelligence directly within the Snowflake AI Data Cloud.

    Melissa now offers 19 data products on Snowflake, including 17 datasets featuring phone, email, demographic, property, and geolocation information, and two Snowflake native apps designed to enhance data verification processes within the Snowflake environment. The newly integrated Personator Consumer and Global Address Verification native apps allow Snowflake users to validate customer addresses globally without exporting data, streamlining workflows and reducing errors.

    “With Melissa’s integration into Snowflake Marketplace, businesses can now access our trusted data and verification services natively within the Snowflake platform. Data workflows are optimized and eliminate the traditional complexities of data extraction, transfer, and integration,” said Daniel Kha Le, Chief Data Officer, Melissa. “This partnership ensures that organizations using Snowflake can seamlessly enhance their data quality—a critical value in improving operational efficiency and driving better decision-making.”

    Snowflake is a single, fully managed and integrated platform that businesses securely connect to globally across any type or scale of data to productize AI, applications, and more in the enterprise. This approach eliminates the data silos that lead to complexity and the need to move data to get business value. Snowflake users access all their data from a single platform, including data that is unstructured, in open formats, and from third parties.

    Through the Snowflake Marketplace, businesses can now easily tap into Melissa’s datasets to find information on:

    • 200 million U.S. consumers, including demographic, lifestyle, and contact data
    • 17+ U.S. million companies and organizations, including firmographic and contacts
    • New mover data updated with over 100,000 new records every week
    • New homeowner data updated with over 75,000 new records every week
    • ZIP+4, Carrier Route, Place Name, Congressional District, Lat&Long Coordinates, Parcel and Building Footprints data
    • Geo-referenced and phone data for the U.S. and Canada

    For more information, access Melissa’s Snowflake Marketplace Page, visit www.Melissa.com, or contact sales@Melissa.com.

    About Melissa
    Powering clean customer data for 40 years, Melissa is the Address Expert. Providing address validation, address autocomplete, and geo-verified address data for 240+ countries, Melissa supports global businesses with its offices in the U.S., U.K., Germany, India, Singapore, and Australia. Melissa’s suite of data quality, ID verification, and location data tools and services drives better decision-making, reduced costs, increased efficiency, and improved compliance. Our APIs, CRM and ecommerce integrations, and online tools help Melissa’s 10,000 customers worldwide process billions of addresses daily, fully capitalizing on the business value of customer data. For more information, visit www.Melissa.com or call 1-800-MELISSA (635-4772). 

    Media contacts
    Greg Brown
    Vice President, Global Marketing, Melissa
    greg.brown@Melissa.com
    +1-800-635-4772 x1130

    MPoweredPR for Melissa
    pr@mpoweredpr.com
    +1-877-794-6777

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/691aaa16-564c-4ea6-b103-0a489043b12b.

    The MIL Network

  • MIL-OSI: Infinidat is Recognized as a 2025 Gartner® Peer Insights™ Customers’ Choice for Primary Storage Platform for the Seventh Time: 5 Times as an Overall Customers’ Choice and 2 Times as a North America Region Customers’ Choice

    Source: GlobeNewswire (MIL-OSI)

    WALTHAM, Mass., March 04, 2025 (GLOBE NEWSWIRE) — Infinidat, a leading provider of enterprise storage solutions, today announced that the company has been named a 2025 Gartner® Peer Insights™ Customers’ Choice in the Gartner Peer Insights “Voice of the Customer”: Primary Storage Platforms.1 This enterprise customer-centric recognition is the seventh time that Infinidat has been recognized [5 times as an overall Customers’ Choice and 2 times as a North America region Customers’ Choice] as a Gartner Peer Insights Customers’ Choice as either a regional segment or overall Customers’ Choice for enterprise storage.

    On an overall basis, Infinidat has been named a Gartner Peer Insights Customers’ Choice for Primary Storage five times over the past seven years – 2025, 2023, 2021, 2020, and 2019 − while on a regional basis, Infinidat has been recognized as a Gartner Peer Insights Customers’ Choice in North America twice – 2024 and 2023. Infinidat’s recognition is based on the reviews and ratings of end users from enterprises that are independently verified by Gartner.

    “We believe the recognition of Infinidat as a Gartner Peer Insights Customers’ Choice for the seventh time, including five times as an overall Customers’ Choice and two times as a North America region Customers’ Choice, demonstrates our expertise in primary storage in the enterprise market,” said Phil Bullinger, CEO at Infinidat. “We believe Infinidat continues to differentiate itself by simplifying storage through advanced automation, enabling cost savings, providing industry-leading performance, incorporating cyber storage resilience and AI, and ensuring 100% availability with our triple-redundant storage architecture that is unique in the industry. There is no stronger endorsement of our comprehensive enterprise storage solutions than to read positive feedback directly from end-user customers who love Infinidat and the exceptional user experience that we deliver.”

    As of the Gartner Peer Insights “Voice of the Customer”: Primary Storage Platforms published on February 24, 2025, Infinidat has received an average overall rating of 4.9 stars out of 5 in the Primary Storage Platforms market for the InfiniBox® and the InfiniBox™ SSA based on 77 reviews. In addition, 99% of customers indicated their willingness to recommend Infinidat to their peers.

    According to the report, “Vendors placed in the upper-right ‘Customers’ Choice’ quadrant of the ‘Voice of the Customer’ have scores that meet or exceed the market average for both axes (User Interest and Adoption, and Overall Experience).” We believe, as the ‘go to’ site for IT buyers of enterprise-class technology solutions, Gartner Peer Insights is the industry-standard enterprise reviews and ratings platform.

    Examples of Customer Reviews
    The following is a sample of the reviews that Infinidat users have been posting on Gartner Peer Insights site recently:

    To read the report, click here. To read more Gartner Peer Insights reviews from Infinidat’s end-user customers worldwide, click here.

    About Gartner Peer Insights
    Gartner Peer Insights is an online platform of ratings and reviews of IT software and services that are written and read by IT professionals and technology decision-makers. The goal is to help IT leaders make more insightful purchase decisions and help technology providers improve their products by receiving objective, unbiased feedback from their customers. Gartner Peer Insights includes more than 350,000 verified reviews in more than 340 markets. For more information, go to: www.gartner.com/reviews/home.

    ¹ Gartner Peer Insights “Voice of the Customer”: Primary Storage Platforms, Peer Contributors, 24 February, 2025.
     
    Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences with the vendors listed on the platform, should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.
     
    GARTNER is a registered trademarks and service mark, and PEER INSIGHTS is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

    Reviews have been edited to account for errors and readability.

    About Infinidat
    Infinidat provides enterprises and service providers with a platform-native primary and secondary storage architecture that delivers comprehensive data services based on InfiniVerse®. This unique platform delivers outstanding IT operating benefits, support for modern workloads across on-premises and hybrid multi-cloud environments. Infinidat’s cyber resilient-by-design infrastructure, consumption-based performance, 100% availability, and cyber security guaranteed SLAs align with enterprise IT and business priorities. Infinidat’s award-winning platform-native data services and acclaimed white glove service are continuously recommended by customers. For more information, visit www.infinidat.com.

    Connect with Infinidat
    About Infinidat
    Read our blog
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    Be our partner

    Media Contact
    Infinidat
    Sapna Capoor
    Director of Global Communications
    scapoor@infinidat.com | Mobile: +44 (0) 7789684159

    The MIL Network

  • MIL-OSI: NowVertical to Attend the 37th Annual ROTH Conference

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 04, 2025 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSXV: NOW) (“NowVertical” or the “Company”), a leading data and AI solutions provider, today announced they will be attending the invite-only 37th Annual ROTH Conference.

    The 37th Annual ROTH Conference will take place on March 16-18, 2025, in Dana Point, CA, bringing together leading institutional investors and high-growth companies across multiple sectors. As a prestigious, invite-only event, the conference provides a valuable platform for innovative companies like NowVertical to engage directly with investors, industry leaders, and analysts. NowVertical’s inclusion in this exclusive event reflects its strong market position and continued growth in AI and data-driven solutions and services.

    The event will consist of 1-on-1 / small group meetings, analyst-selected fireside chats, industry keynotes and panels with executive management attending from approximately 450 private and public companies in a variety of growth sectors including: Business Services, Consumer, Healthcare, Industrial Growth, Insurance, Resources, Sustainability and Technology, Media & Entertainment.

    To learn more and submit a registration request, visit https://ibn.fm/Roth2025Registration

    About NowVertical Group Inc.

    The Company is a global data and analytics company which helps clients transform data into tangible business value with AI, fast. Offering a comprehensive suite of solutions and services the Company enables clients to quickly harness the full potential of their data, driving measurable outcomes and accelerating potential return on investment. Enterprises optimize decision-making, improve operational efficiency, and unlock long-term value from their data using the Company’s AI-Infused first party and third-party technologies. NowVertical is growing organically and through strategic acquisitions. For further details about NowVertical, please visit www.nowvertical.com.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    For more information, visit www.nowvertical.com.

    For further information, please contact:

    Andre Garber, CDO
    IR@nowvertical.com
    T: +1(647)947-0223

    Forward-Looking Statements

    This news release contains forward-looking information and forward-looking information within the meaning of applicable Canadian securities laws (together “forward-looking statements“), including, the alignment of the Company’s leadership and shareholders, and the associated results of the transactions contemplated in this press release on NowVertical’s business, finances and operations. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies, certain of which are unknown. Forward-looking statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements and the forward-looking statements are not guarantees of future performance. Forward-looking statements are qualified in their entirety by inherent risks and uncertainties, including: adverse market conditions; risks inherent in the data analytics and artificial intelligence sectors in general; regulatory and legislative changes; that future results may vary from historical results; inability to obtain any requisite future financing on suitable terms; any inability to realize the expected benefits and synergies of acquisitions or dispositions; that market competition may affect the business, results and financial condition of the Company and other risk factors identified in documents filed by the Company under its profile at www.sedarplus.com, including the Company’s management’s discussion and analysis for the year ended December 31, 2023. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

    The MIL Network

  • MIL-OSI: HERE Technologies Holds Top Ranking in Counterpoint’s 2024 Location Platform Effectiveness Index

    Source: GlobeNewswire (MIL-OSI)

    • Industry analyst firm ranks HERE as the top location platform for the eighth consecutive year, citing AI-powered mapping innovations, strategic partnerships and customer-centric solutions
    • Location data identified as crucial for global automotive industry’s development of Software-Defined Vehicles, Advanced Driver Assistance Systems and Automated Driving functions  

    Amsterdam – HERE Technologies has been recognized as the industry leader in Counterpoint’s 2024 Location Platform Effectiveness Index, ranking first among 27 evaluated vendors, including Google, TomTom and Mapbox. The annual report underscores HERE’s continued leadership in map data quality, AI-powered location intelligence and customer-centric solutions.

    Driving the Future of AI-Powered Mapping for Enterprises
    Counterpoint’s analysis highlights HERE’s continued leadership in digital mapping, with the company leading across eight out of ten categories, including Customers, Partnerships, AI Capabilities and Data Platform. 

    The 2024 report also highlighted HERE’s open-platform strategy and privacy-first approach. The company’s collaboration with AWS was noted as a key factor in enabling scalable, flexible data integrations for enterprises. HERE automates the processing of data from vehicle cameras, sensors, LiDAR, satellite, aerial imagery, and IoT sources, significantly reducing manual processing time while ensuring fresh, high-fidelity map data.

    “HERE continues to lead the location platform industry by combining AI-powered automation with high-quality map data,” said Mohit Sharma, Senior Research Analyst for Automotive at Counterpoint. “The company’s investments in AI, particularly its integration with AWS and the launch of HERE AI Assistant, demonstrate a forward-thinking approach that sets it apart.” Sharma added, “HERE’s real-time mapping capabilities, privacy-centric platform, and ability to scale AI-powered solutions across industries solidified its position as the top-ranked location platform in 2024.”

    Mapping as the Foundation for Software-Defined Vehicles 
    The company earned top scores for continuous innovations and utilization of AI to power its mapmaking and sensor fusion capabilities for the era of software-defined vehicles (SDV). The unified mapping architecture delivered by HERE enables rapid AI-powered map updates, ensuring that vehicles receive fresh and reliable data. The automotive industry’s shift toward SDVs has further underscored the importance of real-time mapping. Dynamic maps are no longer just about navigation; they are about safety and enabling ADAS, EV routing and automated driving technologies.

    In 2024, the HERE HD Live Map reinforced its market position by helping to power leading SAE Level 3 automated driving systems deployed by Mercedes-Benz and BMW. Currently, more than 53 million vehicles, from numerous car brands, depend on HERE map data for ADAS and automated driving applications.

    “As the automotive industry accelerates toward SDVs and real-time, AI-powered capabilities, HERE continues to provide the most advanced and scalable mapping solutions in the market,” said Mike Nefkens, CEO of HERE Technologies. “We are proud to be recognized by Counterpoint for the eighth consecutive year, underscoring our commitment to innovation and delivering to customers the highest quality, up-to-date, and intelligent location data available.”

    Beyond automotive, Counterpoint highlights the continued growth of HERE in enterprise location services, transportation, logistics and mobility. 

    For detailed information on the Counterpoint 2024 Location Platform Effectiveness Index, visit: https://www.here.com/platform/counterpoint-report-2025.

    Media contacts
    HERE Technologies
    Jordan Stark
    +1 312 316 4537
    jordan.stark@here.com

    Dr. Sebastian Kurme 
    +49 173 515 3549 
    sebastian.kurme@here.com

    About HERE Technologies
    HERE has been a pioneer in mapping and location technology for 40 years. Today, HERE’s location platform is recognized as the most complete in the industry, powering location-based products, services and custom maps for organizations and enterprises across the globe. From autonomous driving and seamless logistics to new mobility experiences, HERE allows its partners and customers to innovate while retaining control over their data and safeguarding privacy. Find out how HERE is moving the world forward at https://www.here.com/

    Attachment

    The MIL Network

  • MIL-OSI: Electrify Expo Orlando to Include First-Ever Public Can-Am Electric Motorcycle Demos

    Source: GlobeNewswire (MIL-OSI)

    ORLANDO, Fla., March 04, 2025 (GLOBE NEWSWIRE) — Electrify Expo, North America’s largest electric vehicle (EV) and technology festival, today announced that Can-Am will join its first stop in Orlando on March 22 and 23. Attendees will get an exclusive chance to experience the highly-anticipated Can-Am Pulse and Origin electric motorcycles, which are designed to be simple and fun, regardless of riding experience. These demos, along with all other brands at Electrify Expo, are included in the price of the entry ticket, which can be purchased online or in person.

    “Can-Am bringing its all-new Pulse and Origin motorcycles to Electrify Expo Orlando—and offering attendees the world’s first public demo rides on the motorcycle—is a major moment for the industry,” said BJ Birtwell, CEO and Founder of Electrify Expo. “This is exactly the kind of hands-on experience that shifts perceptions and drives adoption towards going electric on two-wheels.”

    Can-Am will showcase its entire lineup of electric motorcycles to the Orange County Convention Center, where attendees with a valid motorcycle license will have the unique opportunity to feel the thrill of instant acceleration, nimble handling, and a silent ride. In addition to demos, Can-Am will also have experts on site to interact with attendees and discuss the brand’s focus on innovation and ushering in the next generation of electric vehicle riders.

    “Electrify Expo is the perfect platform to give attendees the chance to experience Can-Am electric motorcycles,” said Elsa Vilarinho, Director of Global Brand Strategy at Can-Am. “Our bikes are built from the ground up to offer an incredible urban riding experience, merging pulsating performance with style and sophistication. These demos will show riders firsthand how Can-Am is positioning itself to be a global leader in the electric motorcycle industry.”

    Can-Am joins a star-studded list of manufacturers including Tesla, Ford, Toyota, Kawasaki and many others leveraging a one-of-a-kind, pressure-free experience to try out the hottest EV technology on the market.

    For more information and to purchase tickets to Electrify Expo, visit www.electrifyexpo.com.
    Media interested in attending may request credentials by emailing ee@skyya.com.

    About Electrify Expo
    Electrify Expo is North America’s largest electric vehicle (EV) and technology festival, where consumers come to shop and experience all things electric. The festival showcases the industry’s leading brands and exciting startups through hands-on activations, demos and experiences spanning EVs, micromobility, solar energy, charging solutions, powersports, automotive aftermarket, and connected home technology, providing attendees with immersive learning opportunities and memorable interactions. From high-powered demo courses to engaging education zones, Electrify Expo offers a unique festival vibe for consumers to reshape what they think they know about EVs. In 2025, Electrify Expo’s nationwide tour will visit Orlando, Phoenix, Dallas, Los Angeles, Seattle, San Francisco, Chicago and New York. To stay up to date on the latest news and announcements from Electrify Expo, visit www.electrifyexpo.com and follow on Facebook, Instagram and YouTube.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2b4884a2-a002-438c-a4ea-4d83df144159

    The MIL Network

  • MIL-OSI: February Commercial Chapter 11s Decrease 42 Percent

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 04, 2025 (GLOBE NEWSWIRE) — Commercial chapter 11 bankruptcy filings decreased 42 percent in February 2025, with the 481 filings declining from the 826 filings in February 2024, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Last February’s commercial chapter 11 total was elevated by the related filings of two sizeable commercial chapter 11 proceedings. Additionally, there was one less business day in February 2025 compared to last year due to the leap year taking place in 2024.

    Total February commercial filings decreased 16 percent to 2,152 from the 2,576 commercial filings in February 2024. Small business filings, captured as subchapter V elections within chapter 11, declined 12 percent in February 2025 to 176, down from 201 the previous year.

    “The overall filing volume trend waned in February, primarily due to fewer filing days and a typical trend of filings after tax return season,” said Michael Hunter, Vice President of Epiq AACER. “The availability and increased utilization of home equity has enabled homeowners to leverage that value to temporarily offset higher living costs. I expect a continued trend of increased filings through the spring and summer months primarily due to continued increases in living costs, debt accumulation, relatively flat household income growth, and influences related to regulatory change.”

    Total bankruptcy filings were 40,260 in February 2025, a 3 percent increase from the February 2024 total of 39,034. Individual bankruptcy filings increased 5 percent in February to 38,108, up from the February 2024 individual filing total of 36,458. There were 22,899 individual chapter 7 filings in February 2025, an 8 percent increase over the 21,151 filings recorded in February 2024. Conversely, there were 15,128 individual chapter 13 filings in February 2025, a 1 percent decrease from the 15,247 filings last February.

    “Inflation, elevated interest rates, tighter lending terms and geopolitical tensions are creating more challenges for distressed consumers and businesses looking to alleviate their growing debt loads,” said ABI Executive Director Amy Quackenboss. “Bankruptcy provides an established process for struggling households and businesses looking to access a financial fresh start.”

    ABI has partnered with Epiq Bankruptcy to provide the most current bankruptcy filing data for analysts, researchers, and members of the news media. Epiq Bankruptcy is the leading provider of data, technology, and services for companies operating in the business of bankruptcy. Its Bankruptcy Analytics subscription service provides on-demand access to the industry’s most dynamic bankruptcy data, updated daily. Learn more at https://bankruptcy.epiqglobal.com/analytics.

    About Epiq
    Epiq is a leading legal and compliance services platform integrating people, process, and technology. Through this combination of innovative technology, legal and business expertise, and comprehensive solutions, Epiq drives efficiency in large-scale and increasingly complex tasks. High-performing clients around the world rely on Epiq to streamline the administration of business, settlement administration, legal, and compliance operations to solve immediate challenges and provide scalable ongoing support to transform the enterprise. Learn more at www.epiqglobal.com

    About ABI 
    ABI is the largest multi-disciplinary, nonpartisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues. The ABI membership includes nearly 10,000 attorneys, accountants, bankers, judges, professors, lenders, turnaround specialists and other bankruptcy professionals, providing a forum for the exchange of ideas and information. For additional information on ABI, visit www.abi.org. For additional conference information, visit http://www.abi.org/calendar-of-events.

    Press Contacts
    Carrie Trent
    Epiq, Senior Director of Corporate Communications and Public Relations
    Carrie.Trent@epiqglobal.com

    John Hartgen
    ABI, Public Affairs Officer
    jhartgen@abi.org

    The MIL Network

  • MIL-OSI: MARA Announces Bitcoin Production and Mining Operation Updates for February 2025

    Source: GlobeNewswire (MIL-OSI)

    BTC Production Per Day Increased 4% M/M
    206 Blocks Won in February, 6% Decrease M/M
    Increased BTC Holdings* to 46,374 BTC

    Fort Lauderdale, FL, March 04, 2025 (GLOBE NEWSWIRE) — MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a global leader in leveraging digital asset compute to support the energy transformation, today published unaudited bitcoin (“bitcoin” or “BTC”) production updates for February 2025.

    Management Commentary

    “In February, our bitcoin production per day increased 4% over January,” said Fred Thiel, MARA’s chairman and CEO. “Blocks won and bitcoin production decreased by 6% month-over-month, primarily due to a higher network difficulty level and three fewer operational days. Our energized hashrate was slightly above the prior month, and we are close to finishing construction of a 40-megawatt data center in Ohio where we plan to install over ten thousand S21 Pro immersion miners.

    “We established the Company’s leadership in bitcoin mining through an asset-light model, transformed it into a vertically integrated energy and infrastructure company in 2024, and in 2025, we will continue to focus on being the dominant player in bitcoin mining while expanding our footprint in energy generation.

    “In conjunction with our emerging technology business, we are taking steps today, including investing in research and development, to establish our presence in AI and adjacent markets, which we expect will create additional revenue opportunities over the long term. We expect our costs to decline as we realize savings from owning our sites and generating our own power, and we will be laser-focused on efficiency as we drive towards our goal of low-cost energy.”

    Operational Highlights and Updates

    Figure 1: Operational Highlights

        Prior Month Comparison
    Metric   2/28/2025     1/31/2025     % Δ  
    Number of Blocks Won 1   206     218     (6) %
    BTC Produced   706     750     (6) %
    Average BTC Produced per Day   25.2     24.2     4 %
    Share of available miner rewards 2   5.4 %   5.1 %   NM  
    Transaction Fees as % of Total 1   1.4 %   1.6 %   NM  
    Energized Hashrate (EH/s) 1   53.7     53.2     1 %
    1. These metrics are MARAPool only and do not include blocks won from joint ventures.
    2. Defined as the total amount of block rewards including transaction fees that MARA earned during the period divided by the total amount of block rewards and transaction fees awarded by the Bitcoin network during the period.

    NM – Not Meaningful

    As of February 28, 2025, the Company held a total of 46,374 BTC*. MARA opted not to sell any BTC in February.

    *Includes loaned and collateralized bitcoin

    Investor Notice

    Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under the heading “Risk Factors” in our most recent annual report on Form 10-K and any other periodic reports that we may file with the U.S. Securities and Exchange Commission (the “SEC”). If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See “Forward-Looking Statements” below.

    The operational highlights and updates presented in this press release pertain solely to our BTC mining operations. Detailed information regarding our other operations can be found in our periodic reports filed with the SEC.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical fact, included in this press release are forward-looking statements. The words “may,” “will,” “could,” “anticipate,” “expect,” “intend,” “believe,” “continue,” “target” and similar expressions or variations or negatives of these words are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among other things, statements related to the construction and energization of our data center in Ohio and expansion into energy generation, AI and adjacent markets. Such forward-looking statements are based on management’s current expectations about future events as of the date hereof and involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Subsequent events and developments, including actual results or changes in our assumptions, may cause our views to change. We do not undertake to update our forward-looking statements except to the extent required by applicable law. Readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements included herein are expressly qualified in their entirety by these cautionary statements. Our actual results and outcomes could differ materially from those included in these forward-looking statements as a result of various factors, including, but not limited to, the factors set forth under the heading “Risk Factors” in our most recent annual report on Form 10-K, and any other periodic reports that we may file with the SEC.

    About MARA

    MARA (NASDAQ:MARA) is a global leader in digital asset compute that develops and deploys innovative technologies to build a more sustainable and inclusive future. MARA secures the world’s preeminent blockchain ledger and supports the energy transformation by converting clean, stranded, or otherwise underutilized energy into economic value.

    For more information, visit www.mara.com, or follow us on:

    Twitter: @MARAHoldings
    LinkedIn: www.linkedin.com/company/maraholdings
    Facebook: www.facebook.com/MARAHoldings
    Instagram: @maraholdingsinc

    MARA Company Contact:
    Telephone: 800-804-1690
    Email: ir@mara.com 

    MARA Media Contact:

    Email: marathon@wachsman.com 

    The MIL Network

  • MIL-OSI Russia: Dmitry Chernyshenko: Representatives of 185 countries took part in the Olympiad of the Global Universities Association for admission to Russian universities

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    The announcement of the winners for the PhD and postdoc tracks was a big success result the eighth international Olympiad. The organizers of the intellectual competitions are 24 Russian universities – members of the association “Global Universities”, successfully developing in the global market of education and research.

    “The Olympiad of the Global Universities Association contributes to achieving one of the indicators of the national project “Youth and Children” – increasing the number of foreign students by 2030 to 500 thousand. In 2024, about 150 thousand people from 185 countries took part in it, which is more than twice the results of the previous year. The winners of the Olympiad will have the right to study in Russia locally within the quota of the Government of the Russian Federation for foreign citizens,” said Deputy Prime Minister Dmitry Chernyshenko.

    As noted by the head of the Ministry of Education and Science Valery Falkov, a special feature of the 2024 selection was the launch of a postdoc track, which is aimed at attracting young foreign scientists to work in scientific projects of Russian universities. Holders of a candidate of science or PhD degree from a foreign university are given the opportunity to find employment in one of the research projects offered by the organizing universities.

    “We see that the trend for academic mobility remains stable throughout the world, the number of foreign students in Russia is growing. And one of the successful tools of this work is holding such large-scale events as the international Olympiad,” the minister said.

    The track for undergraduate students also started for the first time. The winners and prize winners were 2,129 people, the master’s track – 3,928 people, the postgraduate track – 234 people, and among postdocs – 11. In total, this year the participants filled out almost 362 thousand portfolios. The organizers noted the increase in the activity of the participants and a significant improvement in the quality of their preparation: the average score increased at all stages of the intellectual competitions, despite the increased entry requirements for applicants.

    The Olympiad is held in 14 broad subject profiles:

    — Computer and Data Science

    — Business and management

    — Engineering and technology

    — Clinical medicine and public health

    — Biology and biotechnology

    — Political science and international relations

    — Applied Mathematics and Artificial Intelligence

    — Education and psychology

    — Earth and Environmental Sciences

    — Economics and econometrics

    — Linguistics and modern languages

    — Physical and technical sciences

    — Urbanism and civil engineering

    — Chemistry and Materials Science

    The International Olympiad (known internationally under the brand Russian Scholarship Project Open Doors) has been held since 2017. During this time, more than 500 thousand people from 222 countries of the world took part in it, about 90% of them live in Asia and Africa. More than 12 thousand winners and prize winners received the right to free education in the best Russian universities.

    The universities that are members of the Global Universities Association include the universities that are members of the Global Universities Association and the organizers of the Olympiad.

    1. Federal State Autonomous Educational Institution of Higher Education “National Research University “Higher School of Economics”

    2. Federal State Autonomous Educational Institution of Higher Education “Samara National Research University named after Academician S.P. Korolev”.

    3. Federal State Autonomous Educational Institution of Higher Education “National Research University ITMO”

    4. Federal State Autonomous Educational Institution of Higher Education “National Research Tomsk State University”

    5. Federal State Autonomous Educational Institution of Higher Education “Ural Federal University named after the first President of Russia B.N. Yeltsin”

    6.Federal State Autonomous Educational Institution of Higher Education “Far Eastern Federal University”

    7. Federal State Autonomous Educational Institution of Higher Education “Moscow Institute of Physics and Technology (National Research University)”

    8. Federal State Autonomous Educational Institution of Higher Education “Moscow Polytechnic University”

    9. Federal State Autonomous Educational Institution of Higher Education “Tyumen State University”

    10. Federal State Autonomous Educational Institution of Higher Education “Peter the Great St. Petersburg Polytechnic University”

    11. Federal State Autonomous Educational Institution of Higher Education “Siberian Federal University”

    12. Federal State Autonomous Educational Institution of Higher Education “Kazan (Volga Region) Federal University”

    13. Federal State Autonomous Educational Institution of Higher Education “National Research Tomsk Polytechnic University”

    14. Federal State Autonomous Educational Institution of Higher Education “Moscow State Institute of International Relations (University) of the Ministry of Foreign Affairs of the Russian Federation”

    15. Federal State Autonomous Educational Institution of Higher Education “National Research Nizhny Novgorod State University named after N.I. Lobachevsky”

    16. Federal State Autonomous Educational Institution of Higher Education “Novosibirsk National Research State University”

    17. Federal State Autonomous Educational Institution of Higher Education “National Research Technological University “MISIS”

    18. Federal State Autonomous Educational Institution of Higher Education “National Research Nuclear University MEPhI”

    19. Federal State Autonomous Educational Institution of Higher Education “Southern Federal University”

    20. Federal State Autonomous Educational Institution of Higher Education “Saint Petersburg State Electrotechnical University “LETI” named after V.I. Ulyanov (Lenin)”

    21. Federal State Autonomous Educational Institution of Higher Education “Peoples’ Friendship University of Russia named after Patrice Lumumba”

    22. Federal State Budgetary Educational Institution of Higher Education “National Research Moscow State University of Civil Engineering”

    23. Federal State Budgetary Educational Institution of Higher Education “First Moscow State Medical University named after I.M. Sechenov” of the Ministry of Health of the Russian Federation (Sechenov University)

    24. Federal State Budgetary Educational Institution of Higher Education “Bauman Moscow State Technical University (National Research University)”, as well as the university – co-organizer of the Olympiad in the postgraduate track

    25. Federal State Budgetary Educational Institution of Higher Education “Siberian State Medical University” of the Ministry of Health of the Russian Federation

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

    MIL OSI Russia News

  • MIL-OSI: Beamr Issues Annual CEO Letter to Shareholders: Highlighting 2024 Achievements and 2025 Strategy – Capitalizing on Market Validation

    Source: GlobeNewswire (MIL-OSI)

    In 2025, Beamr plans to leverage the strong market validation it has gained in numerous meetings with prospective customers across key target markets, as well as participation in major events with industry leaders

    Herzliya, Israel, March 04, 2025 (GLOBE NEWSWIRE) — Beamr Imaging Ltd. (NASDAQ: BMR), a leader in video optimization technology and solutions, today issued a Letter to Shareholders from Sharon Carmel, Chief Executive Officer.

    Dear Shareholders:

    As we look toward a promising and exciting year ahead, I am proud to reflect on Beamr’s achievements throughout 2024, including our financial results and strong cash position for 2024, our recent accomplishments so far in Q1 2025, and look forward to our plans for Q2 2025. We believe that during 2025, Beamr will capitalize on the significant validation it has created in 2024 and convert prospects in the sales funnel into significant revenue growth in the next quarters.

    2024 Highlights

    Beamr Cloud and AI workflows

    On February 20, 2024, we launched the Beamr Cloud SaaS solution, which enables high-efficiency, high-quality and scalable video processing at attractive pricing. Our new video cloud service, accelerated by GPUs, offers more capabilities than we initially expected, which include easy and cost-effective video standards modernization from AVC to HEVC and AV1.

    Following the launch of Beamr Cloud, throughout the year, we continued to strengthen our relationships with industry leaders, such as NVIDIA, to highlight the benefits and features of using our technology in real time with AI video workflows.

    In Q2 2024, we successfully executed on our product development plan, and the first AI video capabilities were integrated into Beamr Cloud. The AI video enhancements allow automatic caption and transcription generation for videos in multiple languages. Incorporating these AI features was a first step in augmenting Beamr Cloud with cutting-edge services.

    We incorporated customer feedback by enhancing Beamr Cloud’s core functionality, making it ready for adoption at scale, which includes:

    • Giving users more control over the compression process using custom presets; and   
    • Adding packaging for streaming.

    Furthermore, we plan to continue introducing improvements to Beamr Cloud, making it easier to use and allow customers higher configurability and flexibly using the service.

    Collaborations with Industry Giants

    In 2024, Beamr highlighted its market presence by participating in eight leading trade shows and conferences, including ACM Mile High Video, GTC, NAB, SIGGRAPH, Oracle CloudWorld, IBC ,Demuxed and AWS re:Invent.

    In IBC, Beamr showcased a demo of live video optimization at 4K and up to 60 frames per second (4Kp60). In SIGGRAPH, we presented with Oracle Cloud Infrastructure (OCI) an optimized production of large, high-quality, high-resolution videos rendered from 3D design.

    During these events, Beamr executives delivered high-impact presentations to hundreds of industry professionals, showcasing our innovative technology and expanding SaaS solutions. Furthermore, we held over 100 face-to-face meetings with existing and prospective customers. These efforts focused on differentiating Beamr in the video market and highlighting the value of our high-quality, high-efficiency, GPU-accelerated SaaS offerings to key and prospective customers in emerging markets, such as Media & Entertainment, User-Generated content and Internet-of-Things.

    Oracle Cloud Infrastructure (OCI)

    Beamr Cloud was launched on OCI in June 2024. OCI is the second cloud service that provides to its customers Beamr’s GPU-based video optimization services, following AWS.

    David Hicks, Oracle’s group vice president, Worldwide ISV Cloud Business Development commented: “Beamr’s commitment to innovation with the Oracle Cloud and quality execution helps our mutual customers receive cloud-enabled, automated, and scalable video processing solutions ready to meet critical business needs.”.

    The collaboration with OCI has opened up access to customers of both companies to the newest generation of GPUs, and preliminary testing showed the potential for increased video processing speed by up to 30%. Alongside the enhanced service on a second cloud platform, Beamr has achieved “Powered by Oracle Cloud Expertise” status and was chosen as one of OCI’s AI innovators.

    Fundraising Activities

    Following our initial public offering on Nasdaq in March 2023, in February 2024, we raised gross proceeds of $13.8 million in an underwritten offering. At the end of 2024, we had $16.4 million in cash and cash equivalents.

    2025: Capitalizing on Market Validation and Materializing the Sales Funnel into Significant Revenues

    Market Validation: Amazon Web Services – ISV Accelerate

    In Q1 2025, Beamr joined the AWS ISV Accelerate program, a global co-sell initiative for Amazon Web Services (AWS) partners. As an Independent Software Vendor (ISV) in the program, Beamr demonstrates strong alignment with AWS’s go-to-market strategies and initiatives. Beamr had progressed from listing on AWS Marketplace to becoming an ISV Accelerate Member in just three months.

    In order to achieve the high bar to ISV Accelerate program, Beamr was required to have 10 opportunities with AWS and go through a Foundational Technology Review (FTR), which validates that our solution is well-architected and using best practices specific to our SaaS.

    The AWS ISV program offers key benefits to drive visibility and co-selling opportunities. By joining, Beamr can expand sales operations through the AWS sales organization and the AWS Marketplace, driving increased growth for Beamr Cloud – the video optimization service that is seamlessly connected with AWS S3 cloud storage service. For example, AWS Account Managers are eligible for incentives when selling Beamr Cloud through AWS Marketplace. They also gain exposure to ISVs through solution partner recommendation engines.

    AI Video Webinar

    In January 2025, Beamr hosted a webinar titled: “The Future of AI Video – From Infrastructure to Experience”. The webinar featured Richard Kerris, VP of Media & Entertainment at NVIDIA, Jeffrey Schick, VP Strategic Client Engagement Media & Entertainment at Oracle and myself. The webinar discussed the platforms and technologies that drive the AI video revolution, and explored the opportunities and challenges of AI -powered media content.

    Webinar hosted by Beamr about AI video

    Keynote to Industry Leaders

    In February 2025, Beamr participated in the ACM Mile-High-Video, and I presented a keynote titled: “Is the Future of Video Processing Destined for GPU?”. The ACM Mile-High-Video conference is a flagship video formats and streaming event, held annually in Denver, and organized by engineers and researchers from both industry and academia.

    This month, Beamr will participate in NVIDIA GTC 2025, with my session discussing the evolution of video compression and the ability to efficiently enhance videos with AI-driven capabilities in real-time during video transcoding, utilizing GPU acceleration.

    CEO Sharon Carmel presenting keynote at ACM Mile-High Video 2025

    SaaS planning for 2025 – from Capabilities to Solutions

    In 2025, we plan to introduce more solutions, as part of our evolving strategy – to further develop our technology, enhance Beamr Cloud’s video workflows and introduce more AI-driven capabilities. This is all based on the numerous meetings we have conducted with prospective customers, as well as on the events we held and attended by industry leaders providing valuable feedback.

    The key target markets we are focused on include: 

    • Media & entertainment
    • User-generated content
    • Internet of things – autonomous vehicles, and other machine learning-driven industries; and

    All identified markets that rely on video as a core component of their business operations can benefit from our offering of GPU-accelerated, high-quality and AI-driven video pipelines, whether deployed via cloud platforms, such as AWS and OCI, private cloud environments for enterprises, or on-premises infrastructure.

    In addition, we plan to continue to advancing our core capabilities and maintain leadership in AI video. Some of the planned core capabilities include:

    • Increasing subjective and objective video quality, and
    • Turning lower resolution videos to high resolution videos using super resolution.

    We anticipate a strong year ahead, with expanded participation in top industry events, increased customer and partner collaborations, and a deeper commitment to strategic partnerships.

    In just the first two months of 2025, Beamr has taken its partnership with AWS to the next level, to a co-sale level, has hosted industry leading companies in its own event and has been chosen to present its technology and achievements at leading industry conferences. We believe this validation shows the recognition that Beamr has achieved in the market.

    The plan for the upcoming quarters and the rest of 2025 is to capitalize on the strong industry recognition and sales pipeline that we have been developing, and we are expecting significant growth in our revenues in 2025 from our existing sales funnel.

    2024 Financial Results

    Regarding our financial results for 2024:

    • Revenues increased by $0.15 million or 5% to $3.06 million for the year ended December 31, 2024, from $2.9 million for the year ended December 31, 2023. The increase was primarily due to transactions with new customers versus other transactions that were terminated.
    • Cost of revenues increased by $0.14 million to $0.24 million the year ended December 31, 2024, compared to $0.1 million for the year ended December 31, 2023. The increase was primarily due to the amortization of internal-used software costs.
    • Research and development expenses increased by $1.06 million, or 58% to $2.9 million for the year ended December 31, 2024, from $1.8 million for the year ended December 31, 2023. The increase was primarily due to an increase of $0.4 million in salaries, due to increased personnel and an increase of $0.48 million in professional fees due to additional sub-contractors and cloud costs.
    • Selling and marketing expenses increased by $0.31 million, or 88% to $0.67 million for the year ended December 31, 2024, from $0.36 million in 2023. The increase was primarily due to an increase in personnel and an increase in conference costs.
    • General and administrative expenses increased by $0.96 million, or 64% to $2.4 million for the year ended December 31, 2024, from $1.5 million in 2023. The increase was primarily due to increased personnel, increase in professional fees related to public company requirements and increased travel expenses to conferences.
    • Financing expenses, net decreased by $0.3 million, or 141% to ($0.09) million for the year ended December 31, 2024, from $(0.2) million in 2023. The decrease was primarily due to changes in fair value of liabilities offset by interest income on bank deposits.
    • Net loss for the year ended December 31, 2024 was $3.3 million or $0.22 basic net loss per ordinary share, compared to a net loss of $0.7 million, or $0.06 basic net loss per ordinary share, in the year ended December 31, 2023.
    • Beamr ended 2024 with $16.4 million in cash and cash equivalents, compared to $6.1 million as of December 31, 2023.

    In closing, 2024 represented a year of significant progress for Beamr as we executed on our plan by releasing and upgrading Beamr Cloud with AI video processes and workflows, participating in top industry events and increasing our customer and partner collaborations. Importantly, with our cash position at the end of 2024, we continue to have the financial flexibility to both accelerate the growth of our existing business and pursue compelling business development opportunities, a process we are actively engaged in.

    Respectfully,

    Sharon Carmel
    Chief Executive Officer, Beamr Imaging Ltd.

    A copy of Beamr’s annual report on Form 20-F for the year ended December 31, 2024 has been filed with the U.S. Securities and Exchange Commission at https://www.sec.gov/ and posted on Beamr’s investor relations website at https://www.investors.beamr.com/. Beamr will deliver a hard copy of its annual report, including its complete audited consolidated financial statements, free of charge, to its shareholders upon request at investorrelations@beamr.com.

    About Beamr

    Beamr (Nasdaq: BMR) is a world leader in content-adaptive video optimization and modernization. The company serves top media companies like Netflix and Paramount. Beamr’s inventive perceptual optimization technology (CABR) is backed by 53 patents and won the Emmy® award for Technology and Engineering. The innovative technology reduces video file size by up to 50% while guaranteeing quality.

    Beamr Cloud is a high-performance, GPU-based video optimization and modernization service designed for businesses and video professionals across diverse industries. It is conveniently available to Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI) customers. Beamr Cloud enables video modernization to advanced formats such as AV1 and HEVC, and is ready for video AI workflows. For more details, please visit www.beamr.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. Forward-looking statements in this communication may include, among other things, statements about Beamr’s strategic and business plans, technology, relationships, objectives and expectations for its business, the impact of trends on and interest in its business, intellectual property or product and its future results, operations and financial performance and condition, including its expectations for significant revenue growth in 2025. 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 the Company’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. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report filed with the SEC on March 4, 2025 and in subsequent filings with the SEC. Forward-looking statements contained in this announcement are made as of the date hereof and the Company undertakes no duty to update such information except as required under applicable law. investorrelations@beamr.com

    Investor Contact:

    investorrelations@beamr.com

    The MIL Network

  • MIL-OSI Africa: Secretary-General’s video message to the Tokyo Conference

    Source: United Nations – English

    strong>Download the vídeo: https://s3.us-east-1.amazonaws.com/downloads2.unmultimedia.org/public/video/evergreen/MSG+SG+/SG+07+Feb+25/3336951_MSG+SG+TOKYO+CONFERENCE+2025+07+FEB+25.mp4
     

    Excellencies, Dear Friends,

    I am pleased to send warm greetings to the Tokyo Conference.

    This year marks the 80th anniversary of the end of the Second World War and the founding of the United Nations.

    This milestone is a crucial opportunity to reaffirm enduring principles that emerged from one of humanity’s darkest hours:

    Peace through dialogue.  Respect for human rights and international law.  The promotion of social progress and sustainable development.

    Japan is a leader in advancing these values and a pillar of multilateralism. 

    Your commitment to international cooperation stands as a powerful example of how nations can transform historical legacies into positive change.

    As we look to our world today, we are confronted with myriad challenges – from multiplying conflicts to the raging climate crisis, from rampant inequalities to Artificial Intelligence without sufficient guardrails.

    Your conference’s theme this year reminds us that global challenges demand global solutions.

    In September, Member States of the United Nations adopted the Pact for the Future.

    The Pact charts a bold course for reforming multilateral institutions for the 21st century;

    It calls for reforming the Security Council and the international financial architecture – so every nation, large and small, has a voice in shaping our collective future.

    It seeks to prioritize prevention, mediation and peacebuilding;

    Enhance coordination with regional organizations;

    And develop innovative approaches to emerging security challenges.

    The Pact includes new strategies to end the use of chemical and biological weapons, the first global agreement on the international regulation of AI, and the first multilateral agreement on nuclear disarmament in more than a decade.

    As we prepare to mark the 80th anniversary of the devastation of Hiroshima and Nagasaki, we will continue to be guided by the inspiring example and vision of the hibakusha for a world free of nuclear weapons.

    Excellencies,

    By bringing together government leaders and diverse voices from around the world, the Tokyo Conference offers an important platform to advance the Pact’s objectives and drive multilateralism into the future.  

    Let us seize this moment to strengthen the foundations of trust, solidarity and cooperation and write a new chapter in our shared journey towards lasting peace, dignity and progress.

    Thank you.

    MIL OSI Africa

  • MIL-OSI: FactSet Acquires LogoIntern

    Source: GlobeNewswire (MIL-OSI)

    NORWALK, Conn., March 04, 2025 (GLOBE NEWSWIRE) — FactSet (NYSE: FDS | NASDAQ: FDS), a global financial digital platform and enterprise solutions provider, announced the acquisition of TableTop Data, Inc. (“LogoIntern”), a workflow tool beloved by junior bankers to streamline the unenviable task of adding, organizing, and formatting logos into pitch decks. This acquisition builds on FactSet’s recently launched Pitch Creator solution to bring automation to another time-consuming and manual aspect of a junior banker’s daily workflow.

    “So many of us have spent too much time resizing, reordering, and manipulating logos in presentations. While an annoyance for most, for our investment banking clients, this tedious and mundane task is a necessary part of their pitch creation workflow,” said Kendra Brown, Senior Vice President and Senior Director of Banking and Sell-Side Research at FactSet. “FactSet is committed to improving junior banker productivity and driving deal capacity. Incorporating LogoIntern into our product portfolio will free up time for our users to focus on more interesting, higher-value work.”

    Founded in 2016 by a former investment banking analyst, LogoIntern offers a productivity solution that helps financial services professionals create well formatted logo outputs for presentations faster. Current customers include leading global investment banks, boutique advisors, middle market banks, and private equity and venture capital firms.

    “When I started LogoIntern, my goal was to create modern software tools that make tedious work better for junior bankers,” said Jack Archer, Founder and CEO, LogoIntern. “I’m excited to continue this mission at FactSet and join the team in building the next generation of banker productivity solutions that empower users and bring new-found efficiency to their daily work.”

    The transaction closed on March 3, 2025 and is not expected to have a material impact on FactSet’s fiscal 2025 results.

    About FactSet 

    FactSet (NYSE:FDS | NASDAQ:FDS) helps the financial community to see more, think bigger, and work better. Our digital platform and enterprise solutions deliver financial data, analytics, and open technology to more than 8,200 global clients, including over 218,000 individual users. Clients across the buy-side and sell-side as well as wealth managers, private equity firms, and corporations achieve more every day with our comprehensive and connected content, flexible next-generation workflow solutions, and client-centric specialized support. As a member of the S&P 500, we are committed to sustainable growth and have been recognized amongst the Best Places to Work in 2023 by Glassdoor as a Glassdoor Employees’ Choice Award winner. Learn more at www.factset.com and follow us on X and LinkedIn.

    FactSet

    Investor Relations:
    investor_relations@factset.com 

    Media Relations:
    Megan Kovach
    +1.512.736.2795
    megan.kovach@factset.com

    The MIL Network

  • MIL-OSI: Lantronix Powers Next-Generation AI-Enabled Camera Solutions With Seamless Teledyne FLIR Thermal Integration

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., March 04, 2025 (GLOBE NEWSWIRE) — Lantronix Inc.  (NASDAQ: LTRX), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, today announced a breakthrough in AI-powered camera technology with the seamless integration of its high-performance Open-Q™ System-on-Module (SoM) solutions including hardware and software with Teledyne FLIR’s thermal infrared (IR) camera modules and Prism™ embedded software. This integration accelerates the development of next-generation AI-enabled camera solutions in autonomous navigation/drones, surveillance and robotics.

    Powered by Lantronix’s cutting-edge Open-Q SoMs, based on the Qualcomm Dragonwing™ QRB5165 and QCS8250 processor platforms, this solution delivers unparalleled processing capabilities for AI-driven situational awareness, advanced computational imaging and real-time decision-making. Lantronix’s seamless technology integration provides a competitive edge, enabling developers to create high-performance, size-, weight- and power-optimized (SWaP) AI camera solutions that push the boundaries of innovation.

    Lantronix at the Forefront of AI Edge Intelligence

    “With Lantronix’s Open-Q SoMs, developers can confidently build AI-powered solutions knowing they are backed by industry-leading embedded compute technologies that deliver longevity, reliability and continuous innovation,” said Mathi Gurusamy, Chief Strategy Officer at Lantronix. “By integrating with Teledyne FLIR’s advanced thermal camera modules, Lantronix provides a turnkey embedded AI solution that maximizes performance while simplifying development and deployment,” he added.

    Advanced AI and Thermal Processing

    Lantronix’s integration of Teledyne FLIR Prism into the Qualcomm Dragonwing QRB5165 and QCS8250 platforms brings advanced thermal image signal processing (ISP) and AI capabilities to edge devices. Key features include:

    • Prism ISP: Super resolution, turbulence mitigation, atmospheric obscurant correction, de-noising, image fusion, electronic stabilization, and local contrast enhancement.
    • Prism AI: Real-time object detection, motion target indication, and high-speed target tracking at video frame rates.

    Lantronix’s Open-Q SoMs fully support Teledyne FLIR Hadron™ dual visible-thermal and Boson® thermal camera modules, allowing for simultaneous color and infrared video capture across multiple MIPI-CSI camera interfaces. Key configurations include:

    • Hadron Camera: Integrated with the Lantronix Open-Q 8250 SoM, featuring the Dragonwing QCS8250 processor running Android™.
    • Boson Camera: Integrated with the Lantronix ultra-compact Open-Q 5165 SoM, leveraging the Dragonwing QRB5165 platform on Linux®.

    Teledyne FLIR on the Lantronix Collaboration

    “Our collaboration with Lantronix adds flexibility for integrators developing thermal-enabled AI-based platforms,” said Michael Walters, Vice President of Product Management at Teledyne FLIR OEM. “Our SWaP-optimized IR camera modules and ultra-low embedded software processing power simplify thermal management and extend battery life for autonomy applications.”

    Lantronix Open-Q 5165: Optimized for AI and Edge Computing

    Lantronix’s Open-Q 5165 is an ultra-compact (50mm x 29mm), production-ready, pre-certified SoM based on the powerful Dragonwing QRB5165 platform. Features include:

    • Qualcomm Spectra™ ISP, Qualcomm® Adreno™ GPU, and Qualcomm® Hexagon™ DSP
    • 5th generation Qualcomm® AI Engine, with twice the performance of the previous generation, with up to 15 trillion operations per second
    • Wi-Fi 6 connectivity, advanced camera features and many high-speed interfaces

    Lantronix will display its SoMs in the Qualcomm Technologies booth at Hall5/5-161 at Embedded World, March 13–15, 2025, in Nuremberg, Germany.

    About Lantronix

    Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix’s advanced solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.

    For more information, visit the Lantronix website.

    Lantronix Media Contact:        
    Gail Kathryn Miller
    Corporate Marketing &
    Communications Manager
    media@lantronix.com

    Lantronix Analyst and Investor Contact:        
    investors@lantronix.com

    ©2025 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

    Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm, Qualcomm Dragonwing, Qualcomm Spectra, Snapdragon, Adreno and Hexagon are trademarks or registered trademarks of Qualcomm Incorporated.

    The MIL Network

  • MIL-OSI: Bitfarms Announces Participation in Upcoming Investor and Industry Conferences

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Ontario, March 04, 2025 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ/TSX: BITF), a global Bitcoin and vertically integrated data center company, today announced its participation in three upcoming investor and industry conferences.

    Investor Event Details:

    Event: Cantor Fitzgerald Global Technology Conference
    Date: March 12, 2025
    Location: New York, NY
    Bitfarms Participants: Ben Gagnon (CEO), Jeff Lucas (CFO), Tracy Krumme (SVP, IR & Comms)
    Panel Time: 3:40pm-4:05pm ET
    Panel Title: “Hybrid Model for Bitcoin Mining & AI”; CEO Ben Gagnon to participate

    Event: 37th Annual ROTH Conference
    Date: March 17-18, 2025
    Location: Dana Point, CA
    Bitfarms Participants: Liam Wilson (COO), Jeff Lucas (CFO), Tracy Krumme (SVP, IR & Comms)

    Industry Event Details:

    Event: NVIDIA GTC 2025
    Date: March 17-21, 2025
    Location: San Jose, CA
    Bitfarms Participants: Liam Wilson (COO), Philippe Fortier (EVP, Corporate Development), Alex Brammer (SVP, Mining Operations), Craig Hibbard (SVP, Infrastructure)

    For additional information or to schedule 1×1 meetings at any of the above conferences, please reach out to investors@bitfarms.com.

    About Bitfarms Ltd.

    Founded in 2017, Bitfarms is a global vertically integrated Bitcoin data center company that sells its computational power to one or more mining pools from which it receives payment in Bitcoin. Bitfarms develops, owns, and operates vertically integrated mining facilities with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers.

    Bitfarms currently has 13 operating Bitcoin data centers, as well as hosting agreements with two data centers, in four countries: Canada, the United States, Paraguay, and Argentina. Powered predominantly by environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using sustainable and often underutilized energy infrastructure.

    To learn more about Bitfarms’ events, developments, and online communities:

    www.bitfarms.com
    https://www.facebook.com/bitfarms/
    https://twitter.com/Bitfarms_io
    https://www.instagram.com/bitfarms/
    https://www.linkedin.com/company/bitfarms/

    Investor Relations Contact:

    Bitfarms
    Tracy Krumme
    SVP, Head of IR & Corp. Comms.
    +1 786-671-5638
    tkrumme@bitfarms.com

    Media Contact: 

    Bitfarms
    Caroline Brady Baker 
    Director, Communications
    cbaker@bitfarms.com 

    The MIL Network

  • MIL-OSI: Aviva Canada: New data shows staggering rise in fraud across the country as Fraud Prevention Month kicks off

    Source: GlobeNewswire (MIL-OSI)

    • Aviva Canada data reveals a 76% rise in claim fraud investigations in 2024.
    • Auto-related incidents accounted for 67% of all claim fraud investigations during the past year.
    • Bad actors are capitalizing on Artificial Intelligence (AI) and technology for their malicious activities and Canadians are urged to keep vigilant.

    TORONTO, March 04, 2025 (GLOBE NEWSWIRE) — From auto theft to AI-generated documents and beyond, fraud continues to be one of the more pressing issues facing Canadian consumers and businesses in 2025.

    As Fraud Prevention Month kicks off, new data from Aviva Canada has revealed a 46% increase in claim fraud detection – and a staggering 76% rise in fraud investigations – in 2024. Auto-related incidents alone accounted for two-thirds (67%) of all claim fraud investigations during the past year. Advancements in AI and its use by individuals to falsify information are expected to be on the rise in 2025.

    “People are getting more sophisticated and innovative in their approaches when engaging in potentially fraudulent activity, making it increasingly difficult for the average Canadian to spot,” says Jamie Lee, Head of Financial Crime and Fraud, Aviva Canada. “Insurance fraud costs Canadians $1 billion per year in added premiums. It’s vital for Canadians to stay educated on the rising trends to better protect themselves.”

    Five Emerging Fraud Trends to Watch in 2025
    The methods used by bad actors are constantly evolving, so it’s important for Canadians to stay current on emerging trends. Aviva Canada’s data shows five types of fraud that are growing in the Canadian market:

    • Vehicle Theft and ReVINing – Vehicle thefts remain above pre-pandemic levels, with a 58% increase in investigations in the latter half of 2024. Stolen vehicles are often shipped overseas, or their VIN numbers altered and resold to unsuspecting Canadian buyers with false documentation. With the tightening of Canada-US borders, more stolen vehicles could remain in Canada, increasing the likelihood of Canadians buying a stolen vehicle from online public marketplaces.
    • Staged Auto Accidents – Increasing in numbers and complexity, staging false auto accidents is a trend on the rise across Canada. Aviva Canada saw a 47% increase in the number of staged accidents caught in Q4 2024. This type of scam could be linked to organized crime groups operating in Canada.
    • AI-Enabled Falsified or Forged Documents – The use of technology AI to edit or falsify documents is increasingly evident in investigations. This technology is frequently seen in both staged claims and opportunistic fraud, where it is used to create false claims or inflate legitimate claims, such as personal and commercial property contents claims, by supporting them with false invoices.
    • Ghost Brokers – People posing as licensed insurance brokers to sell fake policies or manipulate information to secure lower premiums is a growing concern in Canada, often leaving unsuspecting consumers without valid coverage. Consumers should be extra vigilant when purchasing insurance. They are encouraged to check their provincial registries to ensure the person they’re dealing with is properly licensed and confirm proof of insurance directly with the insurer.
    • Policy Misrepresentation – Individuals may misrepresent or omit key information from their insurance policies such as their true address, the intended use of a vehicle or property, or not disclosing major construction or renovations being done. These incidents can unfortunately lead to honest customers paying disproportionately higher premiums.

    “Fraud impacts Canadians not only financially, but also mentally and emotionally,” adds Lee. “Fraud costs everyone and drives up insurance premiums. At Aviva Canada, we are continuing to work with law enforcement and industry stakeholders to better protect Canadians from fraud.”

    For tips and more information on how to protect yourself or to report fraud, you can visit Aviva Canada’s Fraud Hub.

    Media Contact:
    Kelsie Ludlow
    Communications Specialist
    Tel: 437-331-7209
    Email: Kelsie.ludlow@aviva.com

    About Aviva Canada

    Aviva Canada is one of the leading property and casualty insurance groups in the country, providing home, automobile, lifestyle, and business insurance to 2.5 million customers coast to coast. A subsidiary of UK-based Aviva plc, we have the financial strength, scale and are a trusted insurance provider globally for more than 325 years.

    For more information, visit aviva.ca or Aviva Canada’s blogLinkedIn and Instagram pages.

    The MIL Network

  • MIL-OSI: Terecircuits Becomes National Semiconductor Technology Center Member

    Source: GlobeNewswire (MIL-OSI)

    MOUNTAIN VIEW, Calif., March 04, 2025 (GLOBE NEWSWIRE) — Terecircuits Corporation, a venture-backed startup in advanced materials for the semiconductor industry, today announced that it has joined the National Semiconductor Technology Center (NSTC), a public-private consortium established under the CHIPS and Science Act.

    “Terecircuits is proud to be a Member of the National Semiconductor Technology Center as it expands its membership and impact,” says Wayne Rickard, Terecircuits CEO. “We fully support NSTC’s mission to accelerate U.S. led semiconductor research, strengthen domestic manufacturing and build a skilled workforce. With our expertise in the synthesis, characterization and delivery of polymers, encapsulants and thin film coatings for advanced packaging, we look forward to collaborating with fellow Members to drive innovation and global leadership in semiconductor technology.”

    Operated by Natcast, an independent non-profit entity, the mission of the NSTC is to convene Members, now numbering more than 100, from across the U.S. semiconductor value chain, academia and government to advance three shared and strategic goals: strengthen U.S. semiconductor leadership; reduce time from lab-to-fab; and expand the U.S. semiconductor workforce. NSTC Members benefit from access to leading-edge research, state-of-the-art facilities, shared physical and digital assets, dedicated events and collaboration opportunities, and employer-driven workforce development programming.

    “As a deep tech startup, our NSTC Membership gives us access to invaluable resources and collaboration opportunities that would be difficult or impossible to acquire independently,” says Rickard. “By working alongside industry leaders across the U.S. semiconductor ecosystem, we can accelerate the development of advanced material solutions for heterogeneous integration. Membership offers a unique opportunity to tackle critical challenges in high-density, high-performance chip manufacturing while strengthening domestic capabilities.”

    To view a comprehensive list of NSTC Members and learn how to join, visit natcast.org/nstcmembership/members. For more information on opportunities to engage with Terecircuits on NSTC-related efforts, please visit www.terecircuits.com.

    ABOUT TERECIRCUITS CORPORATION

    Terecircuits Corporation is a venture-backed startup, launched by founders with previous startup success, years of experience, and new and inventive materials and processes that increase current semiconductor yield and throughput while reducing cost compared to current technology. These improvements mitigate the low cost of offshore labor, presenting an opportunity for reshoring packaging and assembly. Terecircuits’ technology is ideal for achieving scale with reduced waste, while meeting critical assembly challenges such as heterogeneous assembly, 3D assembly, IoT, SiC die attach, flexible circuits, chiplets, and MicroLED.

    ABOUT THE NSTC AND NATCAST

    Natcast is a purpose-built, non-profit entity designated to operate the National Semiconductor Technology Center (NSTC) by the Department of Commerce. Established by the CHIPS and Science Act of the U.S. government, the NSTC is a public-private consortium dedicated to semiconductor R&D in the U.S. The NSTC convenes industry, academia and government from across the semiconductor ecosystem to address the most challenging barriers to continued technological progress in the domestic semiconductor industry, including the need for a skilled workforce. The NSTC reflects a once-in-a-generation opportunity for the U.S. to drive the pace of innovation, set standards and secure global leadership in semiconductor design and manufacturing. Learn more at natcast.org

    Contact:

    Stephanie Quinn
    squinn@kiterocket.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b738b325-b1ef-484c-b15e-07dd38da388b

    The MIL Network