NewzIntel.com

Category: Machine Learning

  • MIL-OSI USA: UConn Business Students Help Landmark Harriet Beecher Stowe Center to Expand Its Audience, Thrive

    Source: US State of Connecticut

    A group of first graders from the Annie Fisher Magnet School in Hartford sat cross-legged on the floor at The Stowe Center for Literary Activism in Hartford on a recent Friday morning, eager to explain what the word “freedom’’ means to them.

    The Stowe Center is the final home of Harriet Beecher Stowe, the acclaimed author of the anti-slavery novel “Uncle Tom’s Cabin,’’ published in 1852, which helped change Americans’ attitudes toward abolitionism.

    The Stowe Center’s mission is to encourage social justice and literacy activism by exploring Harriet’s legacy and the ideas of others who advocate for hope and freedom. They seek a world in which engagement leads to empathy, empowerment, and change for good.

    Karen Fisk, executive director of the Stowe Center for Literary Activism in Hartford, says she is grateful for the data analytics insight she received from a team of five UConn business undergraduate students. (Nathan Oldham / UConn School of Business photo)

    “One could definitely argue that that perspective is needed now more than ever,’’ says Executive Director Karen Fisk, who, with her team, welcome some 5,000 visitors to the Center every year.

    UConn Business Students Analyze, Organize Center’s Data

    The Stowe Center, located on Forest Street and adjacent to the Mark Twain House, is one of the prized gems of Hartford, and has been recognized by the National Endowment for the Humanities as critical to American history and culture.

    Although the leadership at the Stowe Center had reams of data about its visitors, it wasn’t in a format that could easily be organized, analyzed, and presented. They wanted to track where their visitors were coming from, what drew them to the Center, and the dates and times when visitation peaked. That information could guide strategy, staffing, and future growth.

    Fisk reached out to the School of Business for help and was connected to staff at the Digital Frontiers Initiative (DFI), which sources, vets, and assigns STEM-based projects to students. Five undergraduate students took on the Stowe Center task as part of their senior Analytics and Information Management (AIM) Capstone Project last semester.

    Aditya Mamidi ’25 (BUS) says he enjoyed the challenge and responsibility that he and his team experienced.

    “The big thing I enjoyed was the creative freedom we had, without the strict guidelines you have with a traditional college project,’’ he says. “We put our heads together to come up with something that we hope The Stowe Center can use for a long time.’’

    In addition to Mamidi, the project team included, from the School of Business: Gregory Bliss ‘25, Liam Wagner ‘25, Alexander Brynczka ’24 and Daniel Rodriguez ’24. Mamidi, Bliss, and Wagner are seniors, and Brynczka and Rodriguez graduated in December.

    ‘It Demonstrates What I Can Do and What I’ve Learned’

    One thing that was important was presenting the data, which spanned from 2017 to today, in a way that was easy to understand for those without an analytics background.

    “We took the time to create in-depth training videos so anyone watching would understand with no trouble,’’ says Mamidi, who plans to intern at Deloitte in Hartford after graduation and is considering an advanced degree in business analytics. “This is definitely going on my LinkedIn, and my resume, because it demonstrates what I can do and what I’ve learned.’’

    Bliss also described the Capstone project as a great experience and says it prepared him for his career, particularly having to pivot in designing a project.

    From left: UConn School of Business students Liam Wagner, Daniel Rodriguez, Alexander Brynczka and Aditya Mamidi (contributed photo)

    The team originally recommended a program that was too expensive for the Stowe Center, and they realized they needed a more affordable plan. They were able to find a substitute plan that worked very well and cost just a fraction of the original price. It is a strategy Bliss knows he will use in the future.

    “If one idea doesn’t work out you need to have a backup plan,’’ Bliss says. “It’s important to be prepared and willing to make adjustments when needed. I enjoyed working with ‘real’ data and knowing that it can benefit the Stowe Center.’’

    Bliss says through this project, as well as his work at National Life Group, he’s confirmed how much he enjoys data project work and has a clearer idea of his immediate career path.

    ‘I Can’t Say Enough…About these Young People’

    Fisk says the students exceeded her expectations with their abilities, professionalism, and project management.

    “What they did was so thorough. They were patient, explained everything well, and were extremely professional. They were quite impressive,’’ she says. “I felt so well taken care of through the whole project.’’

    If it weren’t for the students’ pro-bono work, Fisk says she would have had to start a fundraising initiative to pay to hire a data expert, and that would have greatly extended the project.

    For OPIM professor Jon Moore, who oversaw the project alongside OPIM professor Stephen Fitzgerald, the Capstone project was a valuable experience not only for the students, but also for the Stowe Center and the broader community.

    UConn School of Business student Gregory Bliss (contributed photo).

    “The Stowe Center for Literacy Activism project was an amazing experience for the students, as they got to dive into the Center’s data to create dashboards, insights, and predictive models around attendance and engagement,’’ says Moore, who is also the executive director of DFI. “Their work helped the Stowe Center better understand trends and connect with visitors in smarter, more impactful ways.’’

    “The OPIM department and the School of Business recognize the immense value of collaborating with local organizations like the Stowe Center, giving students the chance to tackle real-world challenges while making a meaningful difference in the community,’’ Moore says. “By leveraging Digital Frontiers as a bridge between academia and industry, the project exemplifies how UConn students gain hands-on experience while delivering meaningful solutions to real-world challenges.’’

    MIL OSI USA News –

  • MIL-OSI: MUSIC LICENSING, INC. (OTC: SONG) REPORTS FISCAL YEAR 2024 FINANCIAL RESULTS AND FILES FORM 1-K WITH THE SEC

    Source: GlobeNewswire (MIL-OSI)

    Naples, FL, Feb. 27, 2025 (GLOBE NEWSWIRE) — Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, a diversified holding company and the fifth public performance rights organization (PRO) established in the United States, today announced its financial results for the fiscal year ended December 31, 2024. The Company has also filed its annual report on Form 1-K with the U.S. Securities and Exchange Commission (SEC), which includes the audited financial statements and a comparative analysis of its 2024 and 2023 financial performance.

    Key Financial Highlights for Fiscal Year 2024:

    • Revenue: $128.9 million, compared to $1.05 billion in 2023.
    • Net Loss: $(54.4) million, compared to a net income of $46.0 million in 2023.
    • Total Assets: $19.9 million as of December 31, 2024, compared to $62.3 million in 2023.
    • Total Liabilities: $23.7 million as of December 31, 2024, compared to $12.7 million in 2023.
    • Shareholders’ Equity: $(3.8) million as of December 31, 2024, compared to $49.6 million in 2023.

    The decline in revenue was primarily due to a shift in the Company’s strategic focus, which involved the reassessment and reduction of certain accounts receivable and changes in its business model to focus on acquiring and trading royalty-generating intellectual property (IP) stakes rather than relying on traditional public performance rights operations.

    Strategic Initiatives and 2025 Outlook

    As previously announced, Music Licensing, Inc. is undergoing a significant transformation, focusing on the acquisition and monetization of royalty-generating intellectual property. This pivot is expected to provide more predictable, recurring revenue streams and enhance shareholder value over the long term. The Company has identified acquisition targets valued between $36 million and $250 million in royalty-generating IP assets for 2025, a strategic move designed to mitigate revenue volatility and ensure sustainable profitability.

    In line with this transformation, Music Licensing, Inc. has made key investments in revenue-generating assets, including:

    • Acquiring a portion of the royalty interest in Listerine “Mouthwash” Antiseptic
    • Securing publishing royalty interests in high-value music catalogs

    Management Commentary

    “Our 2024 results reflect a transitional year as we reposition Music Licensing, Inc. for long-term success,” said Jake P. Noch, CEO of Music Licensing, Inc. “While the financials show a reduction in reported revenue and earnings, these changes align with our strategic shift to focus on acquiring high-quality, royalty-generating intellectual property. We are confident that these moves will drive sustainable growth and enhance shareholder value in the coming years.”

    Regulatory Filings

    The Company’s full audited financial results, along with the comparative analysis between 2024 and 2023, are available in the Form 1-K filed with the SEC. Investors and stakeholders can access the filing on the SEC’s website or the Company’s official website.

    About Music Licensing, Inc. (OTC:SONG)  (ProMusicRights.com)

    Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, is a diversified holding company and the fifth public performance rights organization (PRO) established in the United States. It is recognized under the federal registry of the United States government. The company licenses music to some of the most prominent platforms and businesses, including TikTok, iHeartMedia, Triller, Napster, 7Digital, Vevo, and many others.

    Pro Music Rights holds an estimated 7.4% market share in the United States, representing a catalog of more than 2.5 million works by notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sauce Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert, and many others, including works generated by artificial intelligence (AI).

    Additionally, Music Licensing, Inc. (OTC: SONG) holds royalty interests in Listerine “Mouthwash” Antiseptic and a vast portfolio of musical works by globally renowned artists, including The Weeknd, Justin Bieber, Kanye West, Elton John, Mike Posner, blackbear, Lil Nas X, Lil Yachty, DaBaby, Stunna 4 Vegas, Miley Cyrus, Lil Wayne, XXXTentacion, BlueFace, The Game, Jeremih, Ty Dolla $ign, Eric Bellinger, Ne-Yo, MoneyBagg Yo, Halsey, Desiigner, DaniLeigh, Rihanna, and many others.

    Forward-Looking Statements:

    This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Music Licensing, Inc. & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc. & Pro Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc., Music Licensing, Inc., or any other person.

    Non-Legal Advice Disclosure:

    This press release does not constitute legal advice, and readers are advised to seek legal counsel for any legal matters or questions related to the content herein.

    Non-Investment Advice Disclosure:

    This communication is intended solely for informational purposes and does not in any way imply or constitute a recommendation or solicitation for the purchase or sale of any securities, commodities, bonds, options, derivatives, or any other investment products. Any decisions related to investments should be made after thorough research and consultation with a qualified financial advisor or professional. We assume no liability for any actions taken or not taken based on the information provided in this communication

    Contact: investors@ProMusicRights.com

    SOURCE: Music Licensing, Inc.

    The MIL Network –

  • MIL-OSI: TRC Amends Its Tender Offer for Lamb Weston Holdings, Inc.

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 27, 2025 (GLOBE NEWSWIRE) — TRC Capital Investment Corporation (TRC) announced today that based on current market conditions, TRC has amended the terms of its tender offer for up to 2,000,000 common shares of Lamb Weston Holdings, Inc. (the Company) and has decreased the offer price payable to US$51.00 per share from US$55.95 per share.

    TRC also announced that its offer will still expire at one minute after 11:59 p.m. New York City time on March 13, 2025, unless further extended.

    As of close of business on Wednesday, February 26, 2025, no shares had been tendered.

    TRC will accept for payment and will pay for all shares validly tendered prior to the expiration date and not properly withdrawn in accordance with the terms of the offer. TRC will not be required to accept for payment or pay for any shares and may terminate the offer if certain conditions which, in the reasonable judgment of TRC in any such case, makes it inadvisable to proceed with the offer or with such acceptance for payment or payment.

    Stockholders of the Company who have already tendered their shares and have not withdrawn such shares need not take any additional action with respect to TRC’s amended tender offer. These stockholders will receive the decreased offer price of US$51.00 per share in TRC’s tender offer.

    TRC has amended its tender offer materials to reflect the decreased offer price and other relevant changes.

    THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO SELL ANY SHARES. THE SOLICITATION AND THE OFFER TO BUY THE COMPANY’S SHARES WILL ONLY BE MADE PURSUANT TO THE OFFER TO PURCHASE AND RELATED MATERIALS, AS SUCH DOCUMENTS ARE SUPPLEMENTED AND AMENDED. STOCKHOLDERS SHOULD READ THESE MATERIALS CAREFULLY BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS OF THE OFFER. STOCKHOLDERS CAN OBTAIN A COPY OF THE OFFER TO PURCHASE AND RELATED MATERIALS WITH RESPECT TO THE TENDER OFFER BY CONTACTING THE INFORMATION AGENT FOR THE OFFER, CNRA FINANCIAL SERVICES INC. AT (416) 861-9446.

    TRC Capital Investment Corporation is a private investment corporation that manages a diverse investment portfolio.

    For further information, contact:

    Contact:        Lorne H. Albaum, President
    Phone:          (416) 304-1474

    The MIL Network –

  • MIL-OSI: Empower Students with Free Resources to Thrive in Today’s Digital World from the New Digital Citizenship Initiative by Discovery Education with Verizon and Fortinet

    Source: GlobeNewswire (MIL-OSI)

    CHARLOTTE, N.C., Feb. 27, 2025 (GLOBE NEWSWIRE) — Discovery Education, the creator of essential K-12 solutions used in classrooms around the world, today announced the launch of a new Digital Citizenship Initiative. The Digital Citizenship Initiative is a dynamic partnership that provides educators and students with free tools, resources, and the skills needed to thrive in today’s digital world.

    The Digital Citizenship Initiative grew out of needs summarized in a dedicated white paper entitled Risks and Resilience: Why Digital Citizenship Matters in K12 Education. This study illuminated many of the issues facing today’s students, including cyberbullying, online privacy, and digital footprints. Furthermore, research shows that students remain largely unaware of the impacts of digital technologies on all aspects of life. Discovery Education defines digital citizenship as a set of strategies and behaviors designed to promote a safer online experience for everyone.

    The Digital Citizenship Initiative partners include Impact Leader Verizon and Fortinet. Each partner has helped contribute expert insights to develop standards-aligned digital resources. Resources include ready-to-use materials, digital lessons, DEMystified series videos, and instructional materials spanning disciplines such as science, health, social studies, and English language arts. Educators can expect quarterly content releases covering a range of topics that address digital citizenship.

    “At Verizon, we are driven by purpose and guided by values in all that we do. Being part of the Digital Citizenship Initiative is the latest building block in Verizon’s work to empower people to live, work, and play. Students are our future, and we are proud to support them as they learn to use digital technologies responsibly,” said Alex Servello, Associate Vice President of Responsible Business at Verizon.

    “As a cybersecurity leader, we believe that staying ahead of sophisticated threats and cyber risks requires building a more cyber-aware society,” said Rob Rashotte, Vice President, Fortinet Training Institute. “To help achieve this, Fortinet partnered with educators to develop and make accessible a tailor-made security awareness curriculum to help prepare both educators and students to apply cybersecurity skills at school, at home, and everywhere they need it. We are proud that this curriculum will now be leveraged in the Digital Citizenship Initiative to further develop fundamental security skill sets across our global community.”

    To access the Digital Citizenship Initiative resources, please visit digitalcitizenship.discoveryeducation.com. Educators with access to Discovery Education Experience can find these resources on the Digital Citizenship channel.

    “Digital technology has revolutionized the way students learn, connect, and express themselves. Supporting digital citizenship is critical for preparing students to navigate an increasingly connected and complex online environment,” said Amy Nakamoto, Executive Vice President of Marketing and Strategic Alliances. “Thanks to our partners – Verizon and Fortinet – for your leadership in preparing students to navigate our tech-driven world responsibly.”

    For more information about Discovery Education’s award-winning digital resources and professional learning solutions, visit www.discoveryeducation.com, and stay connected with Discovery Education on social media through X, LinkedIn, Instagram, TikTok, and Facebook.

    About Verizon
    Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.8 billion in 2024. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.

    About Fortinet
    Fortinet (Nasdaq: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere our customers need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including Computer Emergency Response Teams (“CERTS”), government entities, and academia, is a fundamental aspect of Fortinet’s commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.

    About Discovery Education
    Discovery Education is the worldwide edtech leader whose state-of-the-art, K-12, digital solutions support learning wherever it takes place. Through award-winning multimedia content, instructional supports, innovative classroom tools, and strategic alliances, Discovery Education helps educators deliver powerful learning experiences that engage all students and support higher academic achievement on a global scale. Discovery Education serves approximately 4.5 million educators and 45 million students worldwide, and its resources are accessed in over 100 countries and territories. Through partnerships with districts, states, and trusted organizations, Discovery Education empowers teachers with essential edtech solutions that inspire curiosity, build confidence, and accelerate learning. Explore the future of education at www.discoveryeducation.com.

    Contacts
    Grace Maliska
    Discovery Education
    Email: gmaliska@dicoveryed.com

    The MIL Network –

  • MIL-OSI: LPL Welcomes Townsgate Wealth Management

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Feb. 27, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisors Jim Murray, Larry Bernstein, Abby Goldstein, CFP®, Michael Kazmer, CFP®, Brett Goldberg and Wesley Wong of Townsgate Wealth Management have joined LPL Financial’s broker-dealer, Registered Investment Advisor (RIA) and custodial platforms. They reported serving approximately $1.15 billion in advisory, brokerage and retirement assets* and join LPL from Wells Fargo Advisors Financial Network.

    Based in Westlake Village, Calif., Townsgate Wealth Management was founded in 2016 and has since grown to an ensemble practice that serves primarily high-net-worth individuals, families and business owners. Complementing each other’s strengths, the advisors focus on several areas of investing, including in-depth portfolio management, fixed-income analysis and retirement planning, while partnering with CPAs and attorneys to create deeply personalized strategies for each client. They are supported by administrative assistants Sarah Levi-Sickman, Joni Melickian and Claire Trentacosta.

    “Our clients are the center of everything we do at Townsgate,” Murray said. “We maintain a fiduciary focus for clients and take full discretion in trading, running portfolio models and creating highly customized plans to help them work toward their goals. Whether we are developing strategies that focus on preserving wealth, building a legacy or sharing wealth with the next generation, our priority is bringing our clients’ visions into reality.”

    Looking to further grow their business while maintaining their client-first approach to service, the team embarked on a year-long due diligence process that led them to LPL.

    “True independence is having the autonomy to operate on our terms, which is what we found in LPL,” Bernstein said. “LPL’s culture, strong reputation, integrated systems and innovative platform means they truly serve the needs of the advisors. With advisor-centric support and a client-centric advisory practice — our clients win.”

    Scott Posner, LPL Executive Vice President, Business Development, said, “We welcome the advisors of Townsgate Wealth Management to LPL and congratulate the team on this milestone in the evolution of their practice. At LPL, independence means advisors benefit from book ownership, industry-leading technology and greater support to help them grow their practices while exceeding client expectations. We look forward to partnering with Townsgate for years to come.”

    Related

    Advisors, learn how LPL Financial can help take your business to the next level.

    About LPL Financial

    LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports nearly 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.7 trillion in brokerage and advisory assets on behalf of approximately 6 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

    Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC. Townsgate Wealth Management and LPL are separate entities.

    Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

    We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

    *Value approximated based on asset and holding details provided to LPL from end of year, 2024.

    Media Contact:
    Media.relations@LPLFinancial.com 
    (704) 996-1840

    Tracking #700488

    The MIL Network –

  • MIL-OSI: Zoom and Mitel announce rollout of AI-first hybrid communications and collaboration solution

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., Feb. 27, 2025 (GLOBE NEWSWIRE) — Today, Zoom Communications, Inc. (NASDAQ: ZM) and Mitel, a global leader in business communications, announced the global launch of a unique hybrid cloud solution that integrates Zoom Workplace and Zoom AI Companion with Mitel’s flagship communications platforms, including its leading telephony solutions. This marks a significant milestone in the strategic partnership between the companies announced in September 2024.

    Today, organizations are navigating the adoption of emerging technologies like AI while maintaining security, business continuity, and flexibility when modernizing business communications. This new solution is designed to meet the growing enterprise demand for hybrid unified communications (UC) deployments by offering a “best-of-both-worlds” approach that empowers organizations to deliver mission-critical communications capabilities alongside exceptional collaboration functions to enhance business productivity.

    The multi-phased rollout will see Zoom’s AI-first solution integrate seamlessly with existing Mitel software and devices, starting now with global availability for Mitel’s OpenScape Voice and OpenScape 4000 platforms. This will be expanded to include MiVoice Business solutions in the coming weeks, as well as MiVoice 5000 and MX-ONE solutions before the end of 2025. Device portfolios like the OpenScape CP and the Mitel 6900 Series are now Zoom Phone certified, with the full list of certified models available here. Certification of Mitel’s OpenScape SBC is also complete, enabling compatibility with Zoom’s Bring-Your-Own-PBX (BYOP) and Bring-Your-Own-Carrier (BYOC) direct routing capabilities. Mitel Border Gateway (MBG) certification will follow in the weeks ahead.

    “As businesses navigate the connectivity requirements to support hybrid work, they need solutions that unite the benefits of on-prem or single-instance cloud communications infrastructure with Zoom’s industry-leading collaboration experiences, giving them the best of both while future-proofing their organizations,” said Graeme Geddes, chief sales and growth officer at Zoom. “The AI-first solution provided by Zoom and Mitel makes connecting and collaborating seamless and efficient while giving customers the flexibility to migrate to the cloud on their own terms and with their existing Mitel devices.”

    “Recent research shows 92% of mid-to-large enterprises are considering hybrid deployments, and for good reason,” said David Petts, chief sales officer at Mitel*. “In today’s rapidly changing workplace, staying connected through video, chat, or voice is more important than ever and a vital part of business continuity planning. Mitel’s strategic partnership with Zoom has produced an offering that provides seamless access to these solutions while enabling compliance and security control in the most demanding use cases, industries, and geographies. With the integration of Zoom’s AI Companion, it’s a winning combination for organizations looking for an elevated collaboration experience that truly fits their overall communication needs.”

    Deliver AI-first collaboration tools built for modern work
    With the Zoom Workplace app fully integrated with secure Mitel telephony and devices, users can call, meet, and chat from a single solution, including the ability to escalate from a Mitel-powered call directly into a Zoom meeting. Additionally, users can brainstorm ideas, develop content, and kickstart project plans with Zoom Docs, Zoom Whiteboard, Zoom Clips, and more. AI Companion is woven throughout to help users jumpstart content creation, stay focused, prioritize what’s important, and get answers fast.

    Maintain control and maximize current investments
    With the joint hybrid solution, users can maintain unmatched control over mission-critical activities like release schedules, configurations, updates, system changes, and telephony while leveraging existing investments without isolation. For organizations in specialized industries like healthcare, hospitality, government, and financial services, this means having the ability to continue to leverage existing Mitel-certified vertical integrations along with specialized devices and workflows for frontline workers.

    Blend on-prem and cloud capabilities to suit an organization’s unique requirements
    The hybrid architecture from Zoom and Mitel provides users with a simple approach to blending on-prem with the right mix of private and public cloud on their terms to meet their unique needs. It gives organizations the flexibility, tools, and resilience they need to future-proof their current systems while maintaining reliability throughout the process. Additionally, using the Zoom Workplace app, users will have access to a consistent modern user experience every step of the way. If UCaaS is ultimately their preferred deployment model, they can easily bring their certified Mitel devices with them.

    Jim Lundy, Founder & CEO of Aragon Research, confirms that “The Mitel-Zoom partnership is a game changer, offering businesses a path to hybrid communications with AI collaboration and communications capabilities.”

    The joint solution is now available to customers worldwide. Further advanced capabilities are underway as part of the multi-phase partnership plan. For more information about the joint solution, please visit https://www.mitel.com/products/zoom-workplace.

    * According to a June 2024 global survey of 1,954 organizations conducted by Mitel and Techaisle.

    About Zoom
    Zoom’s mission is to provide one platform that delivers limitless human connection. Reimagine teamwork with Zoom Workplace — Zoom’s open collaboration platform with AI Companion that empowers teams to be more productive. Together with Zoom Workplace, Zoom’s Business Services for sales, marketing, and customer care teams, including Zoom Contact Center, strengthen customer relationships throughout the customer lifecycle. Founded in 2011, Zoom is publicly traded (NASDAQ: ZM) and headquartered in San Jose, California. Get more information at zoom.com.

    About Mitel
    Mitel is a global leader in business communications, providing businesses with advanced communication, collaboration, and contact center solutions. With more than 70 million users across over 100 countries, Mitel empowers organizations to connect, communicate, and collaborate seamlessly, with the flexibility and choice they need to thrive, both now and for the future. Through proven experience and innovative solutions, Mitel delivers communications without compromise. For more information, go to www.mitel.com and follow us on LinkedIn.

    Mitel is the registered trademark of Mitel Networks Corporation. All other trademarks are the property of their respective owners.

    Zoom Public Relations
    Karen Modlin
    press@zoom.us

    Mitel Public Relations
    Trever Kerr, Americas
    Sandrine Quinton, Europe and Asia
    pr@mitel.com

    The MIL Network –

  • MIL-OSI: Ataccama Data Trust Report 2025: One in five businesses lack a data governance framework, leaving AI advantages untapped

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 27, 2025 (GLOBE NEWSWIRE) — Ataccama, the data trust company, today released the Ataccama Data Trust Report 2025: Turning Compliance and Risk Mitigation into a Foundation for Strategic AI Advantage, which highlights a disconnect between businesses’ ambitions for AI and their investment into compliance and risk mitigation. The second report in the series explores how many businesses are running before they can walk by building AI on unstable foundations made of data that isn’t governed correctly.

    The report found that 42% of organizations prioritize regulatory compliance, but only 26% focus on it within their data teams. This highlights blind spots with real-world consequences like regulatory fines and data breaches that can erode customer trust, financial stability, and competitiveness. The Data Trust Report suggests that organizations must reframe their thinking to see compliance as the foundation for long-term business value and trust.

    Automation is the engine of sustainable risk mitigation

    Generative and traditional AI tools are only as reliable as the data they depend on. To ensure this data isn’t compromised, businesses must adopt automation for more than just improving efficiencies. Considering 47% of organizations recognize data quality as critical to compliance and 39% highlight data accuracy as essential for risk mitigation, automation within this process is vastly undervalued.

    To gain access to AI-ready data, innovative companies should be embedding automation into their workflows for data validation and accuracy, scalable risk mitigation, and auditing. Without automation as the foundation for scalability, businesses risk their AI investment failing.

    Leadership misalignment is the silent killer of AI success

    33% of organizations cite leadership misalignment as a significant blocker for responsible AI adoption. The evolution of AI far outpaces historical transformations such as cloud adoption, creating an unprecedented urgency for strategic leadership alignment, which many businesses are lacking.

    Leadership teams must act decisively and responsibly to enable their organizations to set the pace for AI adoption. This includes ensuring complete alignment to a robust governance framework across the business, which 21% of organizations lack entirely. Driving this compliance from the top down will create a cultural reset that sees governance move from a reactive checkbox to a strategic driver of innovation and trust.

    The growing strain of regulatory tension

    Just 2% of organizations believe regulations stifle innovation, while 55% feel that current frameworks are too restrictive, showing clear tension between the optimism businesses feel towards compliance and the reality of fast-moving AI sectors. Currently, only 24% of organizations have implemented AI at scale, highlighting a significant gap in readiness.

    Fortunately, automation has the potential to improve regulatory adherence by 40% this year, which businesses can augment by establishing cross-functional teams to adapt to regulatory changes in real-time, and by shifting the mindset of their teams to see compliance as an opportunity rather than a hurdle.

    Mike McKee, CEO of Ataccama, said, “Ataccama is in a unique position to help companies tackle data quality as the foundation for successful AI business initiatives with our unified data trust platform that combines data quality, lineage, observability and master data management. Compliance built on high-quality, trusted data is the foundation for transparency, and it should be regarded as more than a tick-box exercise. Tackling this with a scalable solution embedded with AI-enabled automation will unlock a competitive advantage for initiatives such as customer expansion and personalized experiences. The business leaders that understand this and instill the same mindset throughout their companies will be the ones setting the pace in the future.”

    Read the full report here.

    Visit Ataccama on Booth 918 at the Gartner Data & Analytics Summit 2025 on March 3-5 in Orlando, Florida. More information here.

    Editor’s Notes

    Methodology: An online quantitative research survey was undertaken by Hanover Research in September and October 2024 with 300 qualified participants (U.S. n=150; Canada n=50; U.K. n=100). Respondents were aged 35+ and employed full-time within organizations generating revenue over $500 million in the banking/finance, business services, healthcare, insurance, manufacturing, retail, software, and telecommunications industries. Participants were senior leaders or heads of department with a data-led function and had some or full responsibility for technology decision-making and data strategy.

    About Ataccama

    Ataccama is the data trust company. Organizations worldwide rely on Ataccama ONE, the unified data trust platform, to ensure data is accurate, accessible, and actionable. By integrating data quality, lineage, observability, governance, and master data management into a single solution, Ataccama enables businesses to unlock value from their data for AI, analytics, and operations. Trusted by hundreds of global enterprises, Ataccama helps organizations drive innovation, reduce costs, and mitigate risk. Recognized as a Leader in the 2024 Gartner Magic Quadrant for Augmented Data Quality and the 2025 Magic Quadrant for Data and Analytics Governance, Ataccama continues to set the standard for trusted data at scale. Learn more at www.ataccama.com.

    The MIL Network –

  • MIL-OSI: Wix Announces Board Authorization of $200 Million Share Repurchase Program

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK —Wix.com Ltd. (NASDAQ: WIX) (“Wix,” the “Company,” “we” or “our”), today announced that its Board of Directors (the “Board”) authorized a program to repurchase the Company’s securities (ordinary shares and/or convertible notes) in an amount up to $200 million.

    This repurchase program demonstrates the Board’s continued confidence in the Company’s ability to drive strong cash flow generation and ongoing commitment to increasing shareholder value.

    Under the Board authorized repurchase program, Company securities may be repurchased from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions or otherwise, all in accordance with U.S. securities laws and regulations, including Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act“).  The Company may also, from time to time, enter into plans that are compliant with Rule 10b5-1 of the Exchange Act to facilitate repurchases of its securities under this authorization.  The repurchase program does not obligate the Company to acquire any particular amount of securities, and the repurchase program may be suspended or discontinued at any time at the Company’s discretion.  Repurchases under the repurchase program may begin after conclusion of the 30-day period for creditors of the Company to object to the Company’s intent to perform the distribution by way of repurchase in accordance with the Israeli Companies Regulations (Relief for Public Companies Whose Securities are Traded on Stock Exchanges Outside of Israel), 5760-2000 and the Israeli Regulations (Approval of Distribution), 5761–2001.  The actual timing, number and value of securities repurchased depend on a number of factors, including the market price of the Company’s ordinary shares, general market and economic conditions, any objections received by the Company from its creditors, the Company’s financial results and liquidity, and other considerations.  The Company expects to fund repurchases with cash on hand and future cash generated from its operations.

    About Wix.com Ltd.

    Wix is the leading SaaS website builder platform1 to create, manage and grow a digital presence. Founded  in 2006, Wix is a comprehensive platform providing users – self-creators, agencies, enterprises, and more – with industry-leading performance, security, AI capabilities and a reliable infrastructure. Offering a wide range of commerce and business solutions, advanced SEO and marketing tools, the platform enables users to take full ownership of their brand, their data and their relationships with their customers. With a focus on continuous innovation and delivery of new features and products, users can seamlessly build a powerful and high-end digital presence for themselves or their clients. 

    For more about Wix, please visit our Press Room
    Media Relations Contact:  PR@wix.com  

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

    Forward-Looking Statements

    This document contains forward-looking statements, within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Such forward-looking statements may be identified by words like “anticipate,” “assume,” “believe,” “aim,” “forecast,” “indication,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “outlook,” “future,” “will,” “seek,” “confidence,” and similar terms or phrases. The forward-looking statements contained in this document, are based on management’s current expectations, which are subject to uncertainty, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Important factors that could cause our actual results to differ materially from those indicated in the forward-looking statements include, among others, our expectation that we will be able to attract and retain registered users and partners, and generate new premium subscriptions, in particular as we continuously adjust our marketing strategy and as the macro-economic environment continues to be turbulent; our expectation that we will be able to increase the average revenue we derive per premium subscription, including through our partners; our expectation that new products and developments, as well as third-party products we will offer in the future within our platform, will receive customer acceptance and satisfaction, including the growth in market adoption of our online commerce solutions and our Wix Studio product; our expectations regarding our ability to develop relevant and required products using artificial intelligence (“AI”), the regulatory environment impacting AI and AI-related activities, including privacy and intellectual property, and potential competitive impacts from AI tools; our assumption that historical user behavior can be extrapolated to predict future user behavior, in particular during turbulent macro-economic environments; our prediction of the future revenues and/or bookings generated by our user cohorts and our ability to maintain and increase such revenue growth, as well as our ability to generate and maintain elevated levels of free cash flow and profitability; our expectation to maintain and enhance our brand and reputation; our expectation that we will effectively execute our initiatives to improve our user support function through our Customer Care team, and continue attracting registered users and partners, and increase user retention, user engagement and sales; our ability to successfully localize our products, including by making our product, support and communication channels available in additional languages and to expand our payment infrastructure to transact in additional local currencies and accept additional payment methods; our expectation regarding the impact of fluctuations in foreign currency exchange rates, interest rates, potential illiquidity of banking systems, and other recessionary trends on our business; our expectations relating to the repurchase of our ordinary shares and/or Convertible Notes pursuant to our repurchase program; our expectation that we will effectively manage our infrastructure; our expectation to comply with AI, privacy, and data protection laws and regulations as well as contractual privacy and data protection obligations; our expectations regarding the outcome of any regulatory investigation or litigation, including class actions; our expectations regarding future changes in our cost of revenues and our operating expenses on an absolute basis and as a percentage of our revenues, as well as our ability to achieve and maintain profitability; our expectations regarding changes in the global, national, regional or local economic, business, competitive, market, and regulatory landscape, including as a result of Israel-Hamas war and/or the Israel-Hezbollah hostilities and/or the Ukraine-Russia war and any escalations thereof and potential for wider regional instability and conflict; our planned level of capital expenditures and our belief that our existing cash and cash from operations will be sufficient to fund our operations for at least the next 12 months and for the foreseeable future; our expectations with respect to the integration and performance of acquisitions; our ability to attract and retain qualified employees and key personnel; and our expectations about entering into new markets and attracting new customer demographics, including our ability to successfully attract new partners large enterprise-level users and to grow our activities, including through the adoption of our Wix Studio product, with these customer types as anticipated and other factors discussed under the heading “Risk Factors” in the Company’s annual report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission on March 22, 2024. The preceding list is not intended to be an exhaustive list of all of our forward-looking statements. Any forward-looking statement made by us in this press release speaks only as of the date hereof. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.

    The MIL Network –

  • MIL-OSI: Progress Appoints Ed Keisling to the Role of Chief AI Officer

    Source: GlobeNewswire (MIL-OSI)

    Senior engineering leader to oversee Company’s AI strategy and continued rapid development of AI-powered solutions across the global Progress product portfolio

    BURLINGTON, Mass., Feb. 27, 2025 (GLOBE NEWSWIRE) — Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced the appointment of Ed Keisling as the Company’s Chief AI Officer (CAIO). In this newly created role, Keisling will be responsible for leading the AI strategy for Progress and for further transforming the Company’s product portfolio to support customers with their AI journeys. He will report directly to Progress CEO Yogesh Gupta.

    “Ed is a transformational technology leader with over three decades of experience leading and driving change,” said Yogesh Gupta, CEO, Progress. “Here at Progress, he has been instrumental in advancing our AI vision and innovation efforts. His ability to bridge engineering execution with strategic business goals has been evident throughout his career. Ed is shaping our AI-first approach as we align our product offerings to the rapidly evolving needs of our customers.”

    Progress remains at the forefront of AI innovation, delivering responsible AI-powered digital experience and infrastructure software to hundreds of thousands of customers worldwide.

    “Our customers rely on Progress to power and solve mission-critical parts of their business, and AI is redefining how these solutions evolve,” said Keisling. “With recent advancements in AI, the pace of innovation is accelerating, removing traditional barriers to adoption. Progress has been offering AI capabilities within its products for years and has passionate teams already focused on this space. I am excited to further develop and lead this charge ensuring our customers have the tools, processes and expertise to fully leverage AI’s transformative potential and drive even further value with our products.”

    Previously, Keisling served as Senior Vice President of Engineering for Infrastructure Management at Progress where he played a pivotal role in driving innovation and enhancing operational efficiency. Prior to Progress, he held various executive positions in the technology sector specializing in complex system architectures, cloud computing and large-scale infrastructure management. Keisling was a member of the executive leadership team at Vecna Technologies where he ran Engineering, IT, DevOps, Support, Program Management and Analytics. He also held senior engineering roles at Pegasystems for over 17 years.

    Keisling continues to give his time to engineering development programs including the UNH Pathways Program and the MIT Undergraduate Practice Opportunities Program (UPOP), where he serves as a mentor and presenter.

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

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

    Press Contacts:
    Kim Baker
    Progress
    +1-800-477-6473
    pr@progress.com

    The MIL Network –

  • MIL-OSI: EXL named a Leader in four categories in ISG Provider Lens™ Insurance Digital Services North America Report

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 27, 2025 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a global data and AI company, announced it has been named a Leader in four categories in the ISG Provider Lens™ Insurance Services 2024 report. Earning top honors in the North American Life & Retirement Insurance BPO Services, Property & Casualty Insurance BPO, Life & Retirement TPA Insurance Services, and Insurance ITO Services – Midmarket, categories, EXL demonstrated its deep expertise in all aspects of the insurance industry.

    The 2024 report reflects EXL’s sustained excellence as a top performer. This is the third consecutive time that EXL has earned Leader designations for Life & Retirement Insurance BPO Services, Property & Casualty Insurance BPO, Life & Retirement TPA Insurance Services in North America. Meanwhile, this is the first time EXL has earned the Leader designation for Insurance ITO Services – Midmarket.

    “At a time when new technologies and economic fluctuations have disrupted the insurance industry to its very core, our commitment to provide our clients with solutions backed by robust data, powerful analytics and cutting-edge AI has become more valuable than ever,” said Vivek Jetley, president and head of insurance, healthcare and life sciences at EXL. “Being recognized in three categories once more—now with an added Leader designation—reinforces our drive to innovate, push boundaries and deliver unparalleled results for our clients.”

    ISG Provider Lens™ is a practitioner-led service provider comparison, powered by ISG’s advisory experience and data-driven research. ISG’s Research reports provide independent vendor evaluations and enterprise buying behavior segmentation. Provider positioning is based on neutral and independent research, such as quantitative data that includes provider surveys, product testing and customer interviews.

    “EXL has leveraged the power of GenAI to transform the insurance business,” said Ashish Jhajharia, lead analyst and co-author of the ISG Provider Lens™ Insurance Services 2024 report. “As EXL continues to excel at providing essential support to insurance carriers as they embark on a journey toward data-driven digital transformation, they stand poised to thrive in 2025.”

    To read more about the report and to see how EXL compares to its competition, click here. For more information about EXL’s solutions for the insurance industry, click here.

    About EXL

    EXL (NASDAQ: EXLS) is a global data and AI company that offers services and solutions to reinvent client business models, drive better outcomes and unlock growth with speed. EXL harnesses the power of data, AI, and deep industry knowledge to transform businesses, including the world’s leading corporations in industries including insurance, healthcare, banking and capital markets, retail, communications and media, and energy and infrastructure, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have approximately 59,000 employees spanning six continents. For more information, visit www.exlservice.com.

    Cautionary Statement Regarding Forward-Looking Statements

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

    Contacts
    Media
    Keith Little
    +1 703-598-0980
    media.relations@exlservice.com

    Investor Relations
    John Kristoff
    +1 212 209 4613
    IR@exlservice.com

    The MIL Network –

  • MIL-OSI: Drones Becoming Smaller, Lighter, More Reliable Allowing Them to Perform Broader Range of Tasks

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., Feb. 27, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Due to the advancements in software and artificial intelligence, the increasing use of drones is making it easier to control and automate them. They play a crucial role in improving farming techniques. Improving productivity, and are used for environmental monitoring, disaster relief, and search & rescue operations. Drones are becoming smaller, lighter, and more reliable, which allows them to perform a broader range of tasks. Their growing popularity stems from benefits such as improved efficiency, cost-effectiveness, and safety. The increase in precision farming needs, aiming to boost crop productivity, drives market growth. Drone OEMs are investing in R&D for thermal cameras, multispectral sensors, and LiDAR, improving drone efficacy in monitoring fields, creating vegetation maps, and detecting issues such as disease and irrigation irregularities. Thus, it drives the market growth during the forecast period. Agricultural drones, flying at a specific altitude with sensors, provide crucial analytical data for controls crop health, treatment, exploration, field soil analysis, and yield assessments, aiding farmers in making informed decisions and reducing time and costs. According to a report from MarketsAndMarkets “Commercial drones can be provided wireless coverage during emergency cases where each drone serves as an aerial wireless base station when the cellular network goes down. They can also be used to supplement the ground base station to provide better coverage and higher data rates for users. Drones can also assist various terrestrial networks, such as device-to-device and vehicular networks. For instance, due to their mobility and LOS Communications, drones can facilitate rapid formation dissemination among ground device. Furthermore, drones can potentially improve the reliability of wireless links in D2D and vehicle-to-vehicle (V2V) communications while exploiting transmit diversity.” Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), Draganfly Inc. (NASDAQ: DPRO), EHang Holdings Limited (NASDAQ: EH), Red Cat Holdings, Inc. (NASDAQ: RCAT), AgEagle Aerial Systems Inc. (NYSE: UAVS).

    MarketsAndMarkets continued: “Flying drones can help broadcast common information to ground devices, thereby reducing interferences in ground networks by decreasing the number of transmissions between devices. Based on operational mode, the commercial drone market has been classified into remotely piloted, optionally piloted, and fully autonomous. The remotely piloted segment is projected to grow at a significant rate during the forecast period, driven by the cost-effective usage of remotely piloted UAVs in several applications ranging from defense operations to surveys. Fully autonomous drones significantly enhance operational efficiency and reduce costs across various end use such as agriculture, transport, logistics & warehousing, and Oil & Gas. Based on function, the Commercial Drone market has been segmented into passenger drones, inspection & monitoring drones, surveying & mapping drones, spraying & seeding drones, cargo air vehicles, and others. Passenger Drone segment is projected to record the highest growth during the forecast period with emergence of drone taxis as convenient means of aerial transportation of passenger at high speed.”

    ZenaTech (NASDAQ:ZENA) ZenaDrone Advances IQ Square Drone to Manufacturing Stage for Outdoor Applications Including Inspections, Surveys, and the Fast-Growth Power Washing Sector – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces that its subsidiary ZenaDrone has moved its first batch of IQ Square multifunction drones from prototype to manufacturing stage. This drone was designed for outdoor applications for operator line-of-site inspections such as for building and construction inspections, short-range land surveys, power washing and other business and government applications. The IQ Square is also expected to be a key part of ZenaDrone’s multifunction drone inventory for its Drone as a Service or DaaS business, which enables business and government users to hire a turnkey drone service and drone pilot through a local store for easy subscription-based or pay-as-you-go access to drones for various uses.

    “The IQ Square’s rapid progression from the prototype stage, initiated in 2022, to the manufacturing and assembly stage is a testament to our hardware and engineering team’s dedication and hard work. We see many commercial and government applications for the IQ Square, which we also envision will be central to powering our future DaaS operations as a versatile multifunction drone for multiple outdoor uses requiring line-of-site including fast growth uses like power washing,” said CEO Shaun Passley, Ph.D.

    The IQ Square will be equipped with a power wash system for use in larger-scale cleaning jobs such as stadium seating, building exteriors, and public spaces; drones eliminate the need for scaffolding, lifts, or manual labor by providing a more efficient, safe, and cost-effective solution. Tethered to a ground-based water and a power source, it is designed to maintain a continuous supply of high-pressure water needed to clean large areas without the weight limitations of onboard tanks.

    The mold and drone body frames of the first batch of IQ Square drones are currently being completed, after which they will be assembled, integrated, and tested at the company’s Sharjah, UAE production facility. The Company will oversee the integration and quality inspection of electronics, battery and propulsion systems, software, and sensor installation and calibration, concluding with final flight testing.

    According to QYResearch, the global market for drone cleaning services, including applications such as water hose-tethered power washing for stadium seats and public areas, is projected to reach approximately $53.89 billion by 2030, growing at a CAGR of 19.3%.

    ZenaTech’s Drone as a Service or DaaS business model enables government agencies, building developers, entertainment facilities, farmers, environmental firms, etc. to conveniently access a turnkey drone solution via a local store on a pay-as-you-go or subscription basis rather than having to buy the entire drone hardware and software solution. Like Amazon Web Services, where Amazon owns computer equipment platforms and hires the personnel, with the DaaS model, ZenaDrone owns the drones, hires the pilots and ensures regulatory compliance to enable the cost savings, precision and efficiency of drones over existing legacy methods. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    Other recent developments in the drone industry include:

    Draganfly Inc. (NASDAQ: DPRO) recently confirms through recent sales activities its positioning and preparedness to support the enhancement of border security amid evolving global trade and security uncertainties and shifting geopolitical dynamics. Highlighting recent sales activities with policing agencies, Draganfly continues to strengthen its position to support border security with advanced drone technology solutions.

    “Recent global trade challenges, tariff uncertainties, and security concerns underscore the critical importance of secure borders and resilient supply chains,” said Cameron Chell, CEO of Draganfly Inc. “Our recent sales activities with policing agencies is a testament to our ability and readiness to provide drone technology and services in support of border security solutions.”

    EHang Holdings Limited (NASDAQ: EH) recently announced a strategic cooperation framework agreement with Anhui Jianghuai Automobile Group Co., Ltd. (“JAC Motors”) and Hefei Guoxian Holdings Co., Ltd. (“Guoxian Holdings”). Under this agreement, cooperation will focus on establishing a joint venture in Hefei to invest in the construction of a state-of-the-art manufacturing base for low-altitude aircraft. The facility will integrate advanced technology, standardization, and automation to produce intelligent and pilotless electric vertical takeoff and landing aircraft (“eVTOL”).

    The strategic cooperation signing ceremony was attended by key officials including Fei Yuan, Standing Committee Member of Hefei Municipal Committee and Vice Mayor of Hefei; Xingchu Xiang, Chairman, and General Manager of JAC Motors; Xingke Yin, Vice General Manager of JAC Motors; Huazhi Hu, Founder, Chairman, and CEO of EHang; and Zhao Wang, Chief Operating Officer of EHang. They were joined by other distinguished guests in witnessing the signing of the strategic cooperation agreement, marking a new milestone in the high-quality development of China’s low-altitude economy ecosystem.

    Red Cat Holdings, Inc. (NASDAQ: RCAT) recently announced that its Black Widow drone and FlightWave Edge 130 were included on the list of 23 platforms and 14 unique components and capabilities selected as winners of the Blue UAS Refresh. The platforms will undergo National Defense Authorization Act (NDAA) verification and cyber security review with the ultimate goal of joining the Blue UAS List.

    Over the coming months, the Blue UAS List and Blue UAS Framework will expand with new additions. The inclusion of the Black Widow and Edge 130 as winners of the Refresh further validates Red Cat’s commitment to delivering NDAA-compliant unmanned systems for defense and government applications.

    AgEagle Aerial Systems Inc. (NYSE: UAVS) recently announced its participation in the inaugural XPONENTIAL Europe trade show in Dusseldorf Germany held February 18-20, 2025. AgEagle CEO Bill Irby commented, “Invaluable visibility was achieved at XPONENTIAL Europe as AgEagle further strengthened its leadership role in the worldwide UAS marketplace. Our entire product line was presented to a prominent and influential audience both directly by AgEagle and through our industry-leading partners. Notably, major European defense contractor Rheinmetall, presented AgEagle’s eBee VISION as an integral part of their offering as did Dronivo and MKS Servo. The diverse needs of European nations both commercially and defense-wise were reviewed with high-value insight provided by the congregation which included representatives from NATO. AgEagle remains committed to consistently expanding the capabilities and global footprint of our best-in-class UAS products as we continue to build long-term value for all our stakeholders.”

    XPONENTIAL Europe offered a unique combination of trade fair, live demonstrations and a top-class conference program. Daily keynotes by internationally renowned speakers before the start of the trade fair brought exhibitors and visitors together and provided important impetus for the future of autonomy. The tradeshow is the very first event put on by Messe Dusseldorf in partnership with AUVSI. Various members of the drone customer community were present, such as the German Bundeswehr and the U.S. Army, along with members of the press and industrial community.

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

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    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty four hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI Economics: Samsung Launches Its Next Generation of Interactive Displays and Smart Signage

    Source: Samsung

    Samsung Electronics America, Inc. today announced the launch of its latest display technologies — the WAF Interactive Display (model WAFX-P), 105-inch 5K UHD Smart Signage(model QPD-5K) and 115-inch 4K Smart Signage (model QHFX). First unveiled at Integrated Systems Europe (ISE) 2025 in Barcelona, this new generation of displays demonstrates Samsung’s continued leadership in delivering captivating visuals and cutting-edge features to shape user experiences for years to come.
    The WAF Interactive Display delivers best-in-class AI tools for educators
    Recently named the winner of Tech & Learning’s Best of Show at ISE 2025 award, the WAF Interactive Display (available in 65-, 75-, and 86-inch models) combines advanced AI capabilities with intuitive design to create more engaging and collaborative learning environments. Powered by the Android 14 operating system, it builds on the success of Samsung’s first Google Enterprise Devices Licensing Agreement (EDLA)-certified classroom display, the WAD series. The WAF allows educators and students to access services like Google Classroom and Google Drive, while expanding possibilities with the wide range of apps on the Google Play Store to enhance classroom instruction.

    At the heart of the WAF Interactive Display is the Samsung AI Class Assistant, a dedicated education solution designed to adapt, engage and transform classroom learning. The intelligent assistant provides educators with powerful tools to streamline lesson planning and create dynamic, interactive experiences to maximize learning outcomes. Key capabilities include:
    Circle to Search – Instantly delivers search results from trusted sources when users simply circle on-screen images or text, making it easier to explore new subjects.
    AI Summary – Automatically generates lesson recaps, simplifying post-class reviews for students and reducing lesson planning time for teachers.
    Live Transcript – Converts spoken words into real-time text, allowing students to revisit and reinforce classroom lessons at their own pace.

    “As the future of work and learning continues to evolve, Samsung remains at the forefront of innovation,” said David Phelps, Head of Display, Samsung Electronics America. “From AI-powered assistants to immersive picture quality, we are transforming how schools and businesses create impactful experiences. With our newest displays, we’re pioneering more meaningful and dynamic ways for people to connect and collaborate.”

    Supersized Smart Signage redefines collaboration and engagement
    Samsung’s newly released 105-inch UHD Smart Signage display comes with 5K resolution and a 21:9 aspect ratio to elevate workplace collaboration and audience engagement. With a depth of just 48.1mm, the 105-inch QPD-5K display is slim with outward-facing ports to enable easy, flush wall mounting, making it a perfect fit for sleek and modern workspaces, retail stores and high-traffic places such as airports, rail stations or sports arenas. Users can make a big impression by installing the QPD-5K display vertically, with its screen reaching eight feet tall in portrait mode. Ultra-clear 5K resolution and non-glare technology ensure crisp, vivid visuals to deliver important information from every angle.

    The 105-inch display’s expansive, ultra-wide screen is an ideal solution for video conferencing in modern meeting spaces. Whether attendees are in-person or remote, the display fosters equal engagement and a collaborative meeting environment. Using the SmartView+ feature, attendees can wirelessly screen share up to 10 screens at once. Connectivity is enhanced with a USB-C port, allowing users to mirror screens and charge their devices at the same time.

    The 115-inch QHFX display expands the Smart Signage portfolio
    Samsung continues to expand its supersized Smart Signage portfolio with the 115-inch QHFX display, which earned recognition in the Video Monitors category at the Top New Technologies (TNT) Awards at ISE 2025 from Commercial Integrator. While the QPDX-5K model features a 21:9 aspect ratio, the QHFX offers additional versatility with its 16:9 aspect ratio and multi-view functionality that allows up to four split windows for displaying multiple content streams simultaneously.

    The QHFX also eliminates visible borders commonly associated with traditional video walls, creating an uninterrupted display that enhances any environment. This adaptability makes it suitable for settings that demand premium displays, such as meeting rooms and luxury retail stores. Equipped with QLED 4K resolution, 700 nits of maximum brightness and Tizen OS 8.0, it delivers vibrant content and smooth, reliable performance.

    Both the QPDX-5K and QHFX models integrate with Samsung’s SmartThings Pro solution for seamless control and monitoring of the display’s power and energy usage. Additionally, Samsung’s cloud-based VXT content management system empowers users with remote access to hardware settings and content creation and deployment across their entire display ecosystem.
    Looking ahead, Samsung will launch the latest version of VXT 3.0 on March 10, 2025. Continue following the Samsung U.S. Newsroom for updates on the latest features to further streamline remote device and content management.

    MIL OSI Economics –

  • MIL-OSI China: China launches powerful methanol, diesel-powered ship engine

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

    SHANGHAI, Feb. 27 — China unveiled a high-performance methanol-diesel dual-fuel ship engine in Shanghai on Wednesday.

    The ship engine, with a maximum designed power output of up to 64,500 kilowatts, is developed and built by subsidiaries of China State Shipbuilding Corporation Limited (CSSC).

    The giant engine generates 95 percent of its power with methanol fuel, reducing carbon dioxide emissions by more than 7.5 percent compared to traditional diesel-powered models, according to CSSC.

    It features an advanced digital intelligent control system and a flexible, efficient dual-fuel injection system, offering exceptional energy-saving and emission-reduction capabilities, high operational efficiency, and low maintenance costs.

    In addition, the engine utilizes 5G communication technology, enabling real-time data transmission and remote monitoring of its operations.

    CSSC said the engine will be installed on a 16,000-TEU container ship, marking its official entry into operational service.

    MIL OSI China News –

  • MIL-OSI: TruGolf Engages Eventus Advisory Group, LLC to Provide Financial Services Advisory and CFO Support

    Source: GlobeNewswire (MIL-OSI)

    Salt Lake City, Utah, Feb. 27, 2025 (GLOBE NEWSWIRE) — TruGolf Holdings, Inc. (NASDAQ: TRUG), a leading golf technology company, is pleased to announce that it has engaged Eventus Advisory Group, LLC (“Eventus”) (www.EventusAG.com) to provide financial services advisory and CFO support. Eventus has over 17 years’ experience in working with micro- and small-cap companies and will act as a key advisor to TruGolf as it continues to enhance its financial operations and deliver on the company’s strategic priorities.

    Eventus specializes in supporting fast-growing companies and brings a proven track record of helping companies efficiently manage financial operations, technical accounting and SEC compliance issues. This support will help with TruGolf’s transparent communication with shareholders and regulatory bodies.

    “We at Eventus are passionate about working with dynamic, high-growth companies like TruGolf,” said Neil Reithinger, Managing Partner of Eventus. “TruGolf has a strong history of delivering innovative golf simulation solutions and is a recognized leader in the space. We are excited to bring our expertise to support their continued success and financial stability.”

    Chris Jones, CEO of TruGolf, expressed his confidence in the engagement, stating, “We are incredibly grateful to have Eventus on board. Their history of guiding companies like ours through complex financial landscapes supports our exciting path forward.”

    TruGolf is currently working with its Board of Directors to regain compliance with Nasdaq listing requirements. Part of this includes TruGolf’s efforts on working to improve its balance sheet by reducing outstanding liabilities and evaluating other measures to meet Nasdaq’s shareholders’ equity requirements by their March 31, 2025 deadline. The company intends to consider all available alternatives to cure the deficiencies.

    Disclaimer on Forward Looking Statements

    This news release contains certain statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements that are not of historical fact constitute “forward-looking statements” and accordingly, involve estimates, assumptions, forecasts, judgements and uncertainties. Forward-looking statements include, without limitation, the Company’s ability to regain compliance with Nasdaq’s continued listing requirements. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements. Such factors are detailed in the Forward Looking Statements and Risk Factors sections of the Company’s S-1 filed with the Securities and Exchange Commission. We do not undertake an obligation to update our forward-looking statements to reflect future events.

    About TruGolf, Inc.:

    TruGolf is a golf technology company, committed to making golf, easy. From innovative uses for AI to build content and enhanced image and spatial analysis, to gamified golf improvement plans, TruGolf is an industry leader in the growing technological revolution in the sport of golf. Since TruGolf’s founding it has redefined what is possible with golf through technology. TruGolf’s suite of Hardware, Software, and Web Products make the game easier to Play, Improve and Enjoy.

    About Eventus: Eventus is a CFO advisory firm that specializes in supporting the office of the CFO for public and private companies, with services ranging from accounting, financial operations, technical reporting, regulatory and SEC compliance, audit and IPO preparation, corporate governance and transaction advisory services. Through these service offerings and the experience of the Eventus team, the firm helps businesses navigate complex financial landscapes so that Eventus’ clients can focus on sustainable growth.

    The MIL Network –

  • MIL-OSI: MovieCoin (MOV) Shaping the Future of Film Investment with Winvest Group

    Source: GlobeNewswire (MIL-OSI)

    RENO, NEVADA, Feb. 27, 2025 (GLOBE NEWSWIRE) — A visionary investment team has launched MovieCoin (MOV), a blockchain-powered financing platform designed to support Winvest Group’s (OTCQB: WNLV) development in movie production and Launchrr aggregation platform. MOV leverages a new financial model to bridge crypto investment with traditional capital markets, fostering long-term growth for investors.

    A New Era of Film & Web3 Investment

    MOV is an independent initiative dedicated to uncovering Winvest Group’s growth potential. Instead of traditional fundraising, the partnership of Winvest Group and MOV introduces a decentralized financing mechanism, allowing crypto community investors to support Winvest Group’s film and content projects.

    How MOV Benefits Stakeholders

    MOV enables investors to participate in the movie production project, token staking, participate in ecosystem activities and DAO decisions. Revenues channel can be derived from box office revenues, streaming rights, and Web3 integrations, ensuring a hybrid investment model that bridges cryptocurrency and traditional stock markets. However, the value of MOV may fluctuate based on market conditions and regulatory factors.

    “MOV provides a new avenue for investors to gain exposure to both blockchain and traditional capital markets,” said Jeffrey Wong, CEO of Winvest. “By supporting Winvest Group, we create a synergy between Web3 innovation and established entertainment industry.”

    Crypto Meets Traditional Finance: The Future of Capital Growth

    MOV is reshaping investment strategies by combining blockchain transparency with the stability of a publicly listed company. This hybrid approach allows investors to participate in MOV’s token economy and long-term financial ecosystem. Winvest Group is exploring blockchain and entertainment partnerships, aiming for a long-term collaboration with MOV Token to deepen resource integration and enhance value for both entities. MOV operates independently and facilitates participation in blockchain token but is not SEC-registered and may be subject to varying regulations.

    Investment & Tokenomics

    MOV Utility: Funding films, staking, DAO

    Investor Perks: Both crypto and traditional investments

    Blockchain Network: Solana

    Website: https://www.movcoin.co/

    Whitepaper: https://movie-coin.gitbook.io/moviecoin-whitepaper

    About Winvest Group

    Winvest Group (OTCQB: WNLV) is pioneering a decentralized, investor-centric entertainment ecosystem with the vision of creating For Lasting Joy. By leveraging Web3, blockchain, and AI, the company redefines film investment and distribution, unlocking value and fostering creativity. Through MovieCoin (MOV), Winvest empowers investors and creators with innovation and transparency. More than financial returns, we strive to build a legacy of joy, creativity, and connection. Join us in shaping the future of entertainment.

    For more information, visit: https://www.winvestgroup.co

    Safe Harbor Disclaimer

    This press release contains forward-looking statements subject to risks and uncertainties. Actual results may vary due to market conditions, regulatory changes, and business execution factors. The company does not guarantee financial performance or investment returns.

    For media inquiries:

    Connie Ting

    Winvest Group Limited

    50 West Liberty Street, Suite 880, Reno NV 89501

    Email: connie.ting@winxglobal.com

    Phone: 775-996-0288

    The MIL Network –

  • MIL-OSI: Helport AI Enhances Knowledge Base with AI-Powered Self-Learning and Multimodal Capabilities

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE and SAN DIEGO, Feb. 27, 2025 (GLOBE NEWSWIRE) — Helport AI Limited (NASDAQ: HPAI) (“Helport AI” or the “Company”), an AI technology company serving enterprise clients with intelligent customer communication software, services, and solutions, today announced significant advancements to its knowledge base. Designed to optimize enterprise knowledge management, the latest updates introduce AI-powered self-learning, multimodal data integration, and enhanced real-time knowledge retrieval capabilities. These improvements are expected to further Helport AI’s mission to empower everyone to work as an expert through intelligent, efficient, and scalable AI solutions. 

    Transforming Enterprise Knowledge with AI 

    Knowledge bases are centralized sources of data, facts, and rules that AI systems use to understand, reason, and make decisions. Helport AI’s expertise in knowledge base creation and utilization is a key part of the Company’s value creation and growth to date. As part of this proprietary process, a unique, company-specific knowledge base is created for each enterprise customer which includes proprietary data, processes, and best practices refined over years of operation. 

    Built on proprietary AI models, Helport AI’s improved knowledge base development process now leverages enhanced self-learning capabilities to automate data curation, enhance accuracy, and streamline enterprise-wide information access. The enhanced system continuously refines its data by integrating real-time updates and contextual insights, reducing manual intervention and improving knowledge retrieval efficiency. 

    Designed for seamless enterprise integration, the knowledge base supports multiple languages and provides real-time, situationally aware insights. Its contextual search engine is built to provide users with precise, relevant responses, reducing time spent on manual searches. It aims to help customer service agents resolve inquiries faster, equip sales teams with the latest product details, and assist decision-makers with up-to-date information. Integrated with Helport AI’s speech navigation and real-time guidance technologies, the knowledge base is expected to enhance productivity and streamline knowledge transfer. 

    “Organizations need knowledge solutions that evolve with them,” said Guanghai Li, CEO of Helport AI. “With these enhancements, our knowledge base doesn’t just store information—it actively learns, adapts, and provides real-time insights to support enterprise operations at scale.” 

    Key Enhancements: 

    • AI-Driven Self-Learning: Proprietary algorithms analyze historical data and user interactions, enabling the knowledge base to refine itself dynamically, improving overall accuracy. 
    • Multimodal Data Integration: Enhanced RAG (Retrieval-Augmented Generation) technology now supports text, audio, and video inputs, achieving over 90% accuracy in multimodal data parsing. 
    • High-Speed Response & Scalability: Optimized query processing delivers AI-powered responses in under 800ms, helping enterprises access critical information with minimal latency. 
    • OpenAPI for Seamless Integration: A full-process API framework supports integration with existing CRM, ASR, and enterprise systems to reduce implementation time. 
    • Enterprise-Grade Security: Advanced encryption, access controls, and compliance adherence help facilitate secure knowledge management at scale. 

    Advancing Business Intelligence & Customer Experience 

    By integrating these new capabilities, Helport AI’s enhanced knowledge base aims to increase customer engagement, improve service efficiency, and enhance decision-making capabilities for businesses across finance, customer service, healthcare, and the public sector.

    “This evolution aligns with our commitment to continuous innovation,” added Li. “By providing enterprises with an AI-driven, intelligent knowledge management solution, we help ensure that businesses stay competitive in an increasingly digital world.” 

    About Helport AI 

    Helport AI (NASDAQ: HPAI) is an AI technology company dedicated to optimizing customer communication through its digital platform and intelligent software solutions. Offering enterprise-level customer contact services, Helport AI’s mission is to empower everyone to work as an expert. Learn more at www.helport.ai. 

    Forward-Looking Statements 

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

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

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

    The MIL Network –

  • MIL-OSI: Prairie Provident Announces Spud of Basal Quartz Horizontal Well

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Feb. 27, 2025 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident” or the “Company”) (TSX:PPR) is pleased to announce the spud of the Basal Quartz horizontal well 100/14-32-29-18W4. Drilling operations are expected to take eight days to complete, after which the well will be fracture stimulated and brought on-stream. This is the Company’s third Basal Quartz well following the successful drilling and completion of 102/03-19-030-18W4 and 100/15-32-029-18W4 in the fourth quarter of 2024.

    ABOUT PRAIRIE PROVIDENT

    Prairie Provident is a Calgary-based company engaged in the exploration and development of oil and natural gas properties in Alberta, including a position in the emerging Basal Quartz trend in the Michichi area of Central Alberta.

    For further information, please contact:

    Dale Miller, Executive Chairman
    Phone: (403) 292-8150
    Email:  info@ppr.ca

    Forward-Looking Information

    This news release contains certain statements (“forward-looking statements”) that constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future performance, events or circumstances, are based upon internal assumptions, plans, intentions, expectations and beliefs, and are subject to risks and uncertainties that may cause actual results or events to differ materially from those indicated or suggested therein. All statements other than statements of current or historical fact constitute forward-looking statements. Forward-looking statements are typically, but not always, identified by words such as “anticipate”, “believe”, “expect”, “intend”, “plan”, “budget”, “forecast”, “target”, “estimate”, “propose”, “potential”, “project”, “seek”, “continue”, “may”, “will”, “should” or similar words suggesting future outcomes or events or statements regarding an outlook.

    Without limiting the foregoing, this news release contains forward-looking statements pertaining to: the anticipated drilling time of the Company’s Basal Quartz well and the well being successfully fractured and brought on-stream.

    Forward-looking statements are based on a number of material factors, expectations or assumptions of Prairie Provident which have been used to develop such statements, but which may prove to be incorrect. Although the Company believes that the expectations and assumptions reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements, which are inherently uncertain and depend upon the accuracy of such expectations and assumptions. Prairie Provident can give no assurance that the forward-looking statements contained herein will prove to be correct or that the expectations and assumptions upon which they are based will occur or be realized. Actual results or events will differ, and the differences may be material and adverse to the Company. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: results from drilling and development activities; consistency with past operations; the quality of the reservoirs in which Prairie Provident operates and continued performance from existing wells (including with respect to production profile, decline rate and product type mix); the continued and timely development of infrastructure in areas of new production; the accuracy of the estimates of Prairie Provident’s reserves volumes; future commodity prices; future operating and other costs; future USD/CAD exchange rates; future interest rates; continued availability of external financing and internally generated cash flow to fund Prairie Provident’s current and future plans and expenditures, with external financing on acceptable terms; the impact of competition; the general stability of the economic and political environment in which Prairie Provident operates; the general continuance of current industry conditions; the timely receipt of any required regulatory approvals; the ability of Prairie Provident to obtain qualified staff, equipment and services in a timely and cost efficient manner; drilling results; the ability of the operator of the projects in which Prairie Provident has an interest in to operate the field in a safe, efficient and effective manner; field production rates and decline rates; the ability to replace and expand oil and natural gas reserves through acquisition, development and exploration; the timing and cost of pipeline, storage and facility construction and expansion and the ability of Prairie Provident to secure adequate product transportation; the regulatory framework regarding royalties, taxes and environmental matters in the jurisdictions in which Prairie Provident operates; and the ability of Prairie Provident to successfully market its oil and natural gas production.

    The forward-looking statements included in this news release are not guarantees of future performance or promises of future outcomes and should not be relied upon. Such statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward- looking statements including, without limitation: reduced access to external debt financing; higher interest costs or other restrictive terms of debt financing; changes in realized commodity prices; changes in the demand for or supply of Prairie Provident’s products; the early stage of development of some of the evaluated areas and zones; the potential for variation in the quality of the geologic formations targeted by Prairie Provident’s operations; unanticipated operating results or production declines; changes in tax or environmental laws, royalty rates or other regulatory matters; the imposition of any tariffs or other restrictive trade measures or countermeasures affecting trade between Canada and the United States; changes in development plans of Prairie Provident or by third party operators; increased debt levels or debt service requirements; inaccurate estimation of Prairie Provident’s oil and reserves volumes; limited, unfavourable or a lack of access to capital markets; increased costs; a lack of adequate insurance coverage; the impact of competitors; and such other risks as may be detailed from time-to-time in Prairie Provident’s public disclosure documents (including, without limitation, those risks identified in this news release and Prairie Provident’s current Annual Information Form dated April 1, 2024 as filed with Canadian securities regulators and available from the SEDAR+ website (www.sedarplus.ca) under Prairie Provident’s issuer profile).

    The forward-looking statements contained in this news release speak only as of the date of this news release, and Prairie Provident assumes no obligation to publicly update or revise them to reflect new events or circumstances, or otherwise, except as may be required pursuant to applicable laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

    The MIL Network –

  • MIL-OSI: HashPower Secures Up To $50M Investment MOU in Consensus HK

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, Feb. 27, 2025 (GLOBE NEWSWIRE) — HashPower is excited to announce the signing of a Memorandum of Understanding (MOU) securing up to $50 million in investment for $HPX During a Successful AI & DePIN Powerhouse Event in Consensus HK by HashPower and DePIN X, marking a significant step toward the expansion of AI, DePIN, and decentralized infrastructure innovation.

    This announcement follows the resounding success of AI & DePIN Powerhouse, a premier Web3 event that gathered over 2,000 attendees, including top founders, investors, and industry experts. The event featured thought-provoking panels, networking opportunities, and insightful keynotes, and a firechat with Invest HK on the future of decentralized AI and infrastructure.

    This strategic MOU established with Aethir, Network3, Multiple Network, XPIN Network, Planck Network, DMC AI, and Inferix, aims to foster ecosystem growth, technological advancements, and industry-wide collaboration. Through targeted investments, resource sharing, and joint research initiatives, this partnership will drive sustainable development across AI-powered decentralized infrastructure.

    A Huge Thank You to Our Sponsors and partners
    The success of AI & DePIN Powerhouse would not have been possible without the generous support of our Diamond sponsors and partners: Gaianet、DMC.AI、Wearfit、BIT、Likwid.fi、IO.net，IoTeX，Filecoin，elizaOS，Amber Group，Fenbushi Capital，Nubila，Cyberport，FBG capital. This elite gathering discussed the new cycle of crypto mining, AI, DePIN (decentralized hardware infrastructure) and RWA (real assets on the chain)

    Network3: Network3 is a revolutionary technology that builds a decentralized Edge AI infrastructure, helping AI developers worldwide inference, train, or validate models quickly, conveniently, and efficiently. Network3 has surpassed 630K+ global active nodes, onlined 9,500+ mining machines, raised $5.5M in pre-seed and seed rounds, and $N3 was listed on Bybit, Gate, and BingX on January 22, 2025

    Autonomys: Autonomys is a verticalized decentralized AI (deAI) stack encompassing high-throughput permanent distributed storage, data availability / access layer, scalable distributed compute, and a modular execution layer. Our deAI ecosystem provides all the essential components to build and deploy super dApps (AI-powered dApps) and on-chain agents, equipping them with advanced AI capabilities for dynamic and autonomous functionality.

    About HashPower
    HashPower is revolutionizing the mining industry by bringing traditional operations on-chain. With a globally distributed infrastructure and a commitment to transparency, HashPower makes mining accessible and rewarding for everyone. Learn more at https://www.hashpowerx.com/.

    About DePIN X
    DePINX is a leading mining operator and investment institution in the field of AI and DePIN, with 7 years of rich experience in DePIN mining. The company manages a $50 million mining fund and operates H100 and H200 GPU clusters worth more than $100 million. We maintain in-depth cooperation with top venture capital institutions and mainstream exchanges such as Hashkey, Fenbushi Capital, and Waterdrip Capital, and jointly launched the “Super Node Program”. DePINX is committed to providing comprehensive mining design, technical support and one-stop solutions for AI and DePIN projects, helping projects grow rapidly and promoting long-term sustainable development and ecological win-win. Please follow us on Twitter for the latest updates: https://x.com/depin_x

    HashPower
    Brian
    brian.lam@hashpowerx.com

    DePINX
    Cindy
    cindyyu@depinxcapital.com

    Disclaimer: This press release is provided by HashPower. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ed4f54d9-e188-4dd1-bb2e-2e77068c75c2

    https://www.globenewswire.com/NewsRoom/AttachmentNg/54ffa0e8-32f6-4049-9e80-a3954cf4aa9d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/03bcda0b-bb49-4acf-b6f0-a4bf9d87f066

    The MIL Network –

  • MIL-OSI: Fusion Fuel Appoints Luisa Ingargiola to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    DUBLIN, Feb. 27, 2025 (GLOBE NEWSWIRE) — via IBN – Fusion Fuel Green PLC (Nasdaq: HTOO) (“Fusion Fuel” or the “Company”), a leading provider of gas and hydrogen energy solutions, today announced the appointment of Luisa Ingargiola to its Board of Directors, effective February 24, 2025. Ms. Ingargiola will serve as chairperson of the Audit Committee, replacing Rune Magnus Lundetrae, who will remain a member of the Board. She will also serve as a member of the Nominating Committee, Audit Committee, and Compensation Committee. Following Ms. Ingargiola’s appointment, the Board will be comprised of six directors, four of whom have been determined by the Board to be “independent directors” under the Nasdaq Listing Rules.

    Commenting on the appointment, Jeffrey Schwarz, Chairman of Fusion Fuel, said, “Luisa’s extensive experience in public company governance, capital markets, and financial oversight, coupled with her track record of supporting high-growth companies through complex strategic and financial initiatives, make her a tremendous asset to Fusion Fuel. Her expertise will be invaluable as we continue to execute our business strategy and drive long-term value creation. On behalf of my fellow directors, I want to welcome Luisa and look forward to benefiting from her insight and leadership as we build the new Fusion Fuel and position the company for sustainable growth.”

    Ms. Ingargiola currently serves as Chief Financial Officer of Avalon GloboCare Corp. (Nasdaq: ALBT) and as a board director for Vision Marine Technologies, Inc. (Nasdaq: VMAR) and BioCorRx Inc. (OTCQB: BICX), where she also chairs the Audit Committees. Earlier in her career, Ms. Ingargiola was CFO and co-founder of BBHC, Inc., formerly known as MagneGas Corporation. Ms. Ingargiola graduated from Boston University with a bachelor’s degree in Business Administration and a concentration in Finance. She also received a Master of Health Administration from the University of South Florida.

    About Fusion Fuel Green PLC

    Fusion Fuel Green PLC (Nasdaq: HTOO) is an emerging leader in the energy services sector, offering a comprehensive suite of energy engineering and advisory solutions through its Al-Shola Gas and BrightHy brands. Al Shola Gas provides full-service industrial gas solutions, including the design, supply, and maintenance of liquefied petroleum gas (LPG) systems, as well as the transport and distribution of LPG to a broad range of customers across commercial, industrial, and residential sectors. BrightHy, the Company’s newly launched hydrogen solutions platform, focuses on delivering innovative engineering and advisory services that enable decarbonization across hard-to-abate industries.

    Learn more about Fusion Fuel by visiting our website at https://www.fusion-fuel.eu and following us on LinkedIn.

    Forward-Looking Statements

    This press release includes “forward-looking statements.” Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target”, “may”, “intend”, “predict”, “should”, “would”, “predict”, “potential”, “seem”, “future”, “outlook” or other similar expressions (or negative versions of such words or expressions) that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Fusion Fuel has based these forward-looking statements largely on its current expectations, including but not limited the ability of the investment reported on to be consummated as anticipated. Such forward-looking statements are subject to risks and uncertainties (including those set forth in Fusion Fuel’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission) which could cause actual results to differ from the forward-looking statements.

    Investor Relations Contact
    ir@fusion-fuel.eu

    Wire Service Contact:
    IBN
    Austin, Texas
    www.InvestorBrandNetwork.com
    512.354.7000 Office
    Editor@InvestorBrandNetwork.com

    The MIL Network –

  • MIL-OSI: Attestiv Video Deepfake Detection Adds Context Analysis, Using AI to Further Uncover Deepfake Threats

    Source: GlobeNewswire (MIL-OSI)

    LEHI, Utah, Feb. 27, 2025 (GLOBE NEWSWIRE) — Emerging technologies like artificial intelligence can significantly improve business efficiency. At the same time, AI makes generating deepfakes to commit fraud and support crime easier. AI-generated deepfakes are increasingly used to cheat consumers and businesses, costing more than $12 billion in 2023 and expected to rise to $40 billion in losses by 2027. To help organizations combat deepfakes, Attestiv has upgraded its video deepfake detection platform with new Context Analysis capabilities so anyone can identify deepfake video threats before they lead to losses or harm.

    Attestiv has added new Context Analysis features to Attestiv Video deepfake detection, using generative AI to identify digitally altered video content and uncover potential malicious deepfake scams. The new features examine a video file’s context, including metadata, descriptions, and transcript to detect signs of modifications that indicate deepfakes or malicious content.

    The threat landscape for AI-powered deepfakes continues to expand, rising 700% in 2023. Cybercriminals use generative AI to create fictitious social media posts for social engineering, spear phishing, and confidence and investment fraud. Cybercriminals are increasingly targeting businesses, creating phony celebrity endorsements or deepfake content to impersonate company executives, law enforcement, and authority figures to commit fraud. The new Context Analysis in Attestiv Video helps quickly assess the validity of any video, providing a summary of authenticity at a glance.

    “Attestiv represents a valuable tool in our arsenal to detect manipulated videos, particularly those created or edited using generative AI” said Steven Kline, founder of Pixel Analysis LLC a digital media forensics company based in Connecticut.

    “As the deepfake threat landscape expands, we continue to level the playing field with new capabilities to defend against deepfakes,” said Nicos Vekiarides, CEO of Attestiv. “Our new Context Analysis adds generative AI technology to better uncover deepfakes. We believe everyone should have access to tools to protect themselves from deepfakes, so we offer Attestiv Video with Context Analysis for consumers and businesses, starting at no cost.”

    Attestiv Video Deepfake Detection is available as a free, entry-level solution, enabling free scans of up to five videos per month. Those who need more scans and faster scan times can upgrade to Attestiv’s premium Video with enhanced scan fidelity, advanced analysis settings, and higher scan queue priority. Businesses likewise can upgrade to business or enterprise plans which offer even more features and dedicated or regional deployments that include APIs.

    For more information, visit. www.attestiv.com.

    About Attestiv

    Attestiv offers the industry’s first cloud-scale fraud protection platform for videos, photos, and documents, serving the insurance, financial services, cybersecurity, news, and media sectors. Utilizing patented AI analysis and tamper-proofing technology, Attestiv enables protection against media tampering, alteration, and generative AI, ensuring the highest standards of trust for your business. For more information, please visit https://attestiv.com.

    Media contact:

    Len Fernandes
    Firecracker PR
    len@firecrackerpr.com
    1-888-317-4687

    Photos accompanying this announcement are available at: 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/53e529ec-0ec2-4e16-a0a1-db99ca43015a

    https://www.globenewswire.com/NewsRoom/AttachmentNg/517dcfee-7c50-4589-b4ed-3f73b3e5267a

    The MIL Network –

  • MIL-OSI: Lingokids Introduces “Theater” Mode: A Safe, Ad-Free Video Experience for Kids

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 27, 2025 (GLOBE NEWSWIRE) — Lingokids, the #1 learning app for kids, has introduced a new feature, Theater, in selected markets. This dedicated space within the app offers a curated, ad-free video experience designed to provide children with high-quality educational and entertaining content.

    Previously known as Video Mode, this new Mode of Use “Theater” is now completely available for all users in Canada, Australia, Singapore, and Colombia, where families can explore a library of engaging videos tailored to support early learning and development.

    A Safe and Educational Alternative to Streaming Platforms

    Lingokids Theater is designed as a safe and controlled environment where young learners can access age-appropriate content created by educators. The feature includes:

    • Animated stories, songs, and puppetry that introduce key early learning concepts in a fun and engaging way.
    • Activity-based videos such as drawing, dance, yoga, and interactive storytelling that encourage creativity and self-expression.
    • Educational video series developed to reinforce cognitive, social, and emotional skills.

    Unlike traditional streaming platforms, Lingokids Theater ensures a 100% ad-free experience, prioritizing a safe and educational space that aligns with parents’ expectations for quality screen time.

    “Our goal is to offer families a dedicated space where children can enjoy enriching, educational content in a safe and engaging way,” said Rhona Anne Dick, Education & Child Development Lead at Lingokids. “Theater is designed to complement our Playlearning™ approach, giving young learners access to a variety of carefully selected videos that entertain while reinforcing important skills.”

    Currently, Theater is available only in these selected test markets within the Lingokids app. Further updates regarding its availability in other regions will be announced in the future.

    About Lingokids

    Lingokids is an innovative educational platform committed to reimagining early learning. By integrating traditional education with essential life skills, Lingokids’ Playlearning™ approach places children at the heart of an expansive educational ecosystem. Through +2,000 interactive activities across various media formats, the app empowers children to navigate topics such as engineering, empathy, literacy, and resilience. Lingokids is dedicated to preparing children for a well-rounded future that balances academic excellence with personal growth.

    For more information about Lingokids and its educational offerings, visit www.lingokids.com and follow us on social media @Lingokids.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d336fb6b-8c74-4e04-a691-31e7b2c5019a

    The MIL Network –

  • MIL-OSI: Coralogix Strengthens AI Leadership with Appointments of Liran Hason to VP of AI and Alon Gubkin to VP of AI Engineering

    Source: GlobeNewswire (MIL-OSI)

    TEL AVIV, Israel, Feb. 27, 2025 (GLOBE NEWSWIRE) — Coralogix, the leading full-stack observability platform, today announced the appointment of Liran Hason to Vice President of AI and Alon Gubkin to Vice President of AI Engineering. These strategic hires reinforce Coralogix’s commitment to advancing AI observability, security, and governance, ensuring businesses can confidently monitor and manage AI systems at scale.

    Hason and Gubkin, both co-founders of Aporia, an advanced AI observability and guardrails platform recently acquired by Coralogix, bring extensive expertise in AI monitoring, safety, and large-scale infrastructure. Their leadership will be instrumental in launching Coralogix AI, a new dedicated research center focused on tackling AI transparency, security, safety, and performance optimization.

    Advancing AI Observability and Governance

    As VP of AI, Hason will lead Coralogix’s AI strategy and execution, focusing on the development of advanced AI solutions and safety initiatives. Previously CEO of Aporia, Hason spearheaded the company’s rise as a leader in AI observability and guardrails, earning recognition as a World Economic Forum Technology Pioneer and securing a spot on TIME’s Best Inventions of 2024. His prior experience includes roles as a machine learning architect at Adallom (acquired by Microsoft) and investor at Vertex Ventures.

    “Coralogix is redefining AI observability at a critical moment,” said Hason. “With the rapid adoption of AI, businesses need real-time insights, transparency, and control. I’m excited to drive innovation that empowers enterprises to use AI with confidence.”

    As VP of AI Engineering, Gubkin will lead AI infrastructure and engineering, focusing on building scalable and resilient AI observability solutions. A distributed systems and AI infrastructure expert, Gubkin was instrumental in Aporia’s development, pioneering real-time monitoring and guardrails for AI models.

    “AI systems are evolving rapidly, and observability is the key to ensuring their reliability,” said Gubkin. “At Coralogix, we’re building the next generation of AI monitoring tools, helping enterprises scale AI without compromising on security or performance.”

    Ariel Assaraf, CEO and co-founder of Coralogix said “We’re thrilled to welcome Liran Hason and Alon Gubkin to the Coralogix team at such a pivotal moment in our journey. Their contributions will be essential as we expand our solutions to provide businesses with the tools to optimize and secure their AI systems with confidence. With Liran and Alon on our team, Coralogix is well-positioned to revolutionize how companies monitor, manage, and secure AI systems at scale.”

    For more information about Coralogix and its observability platform, please visit coralogix.com.

    About Coralogix

    Coralogix is a modern observability platform transforming how businesses process and understand their data. Its unique architecture powers in-stream analysis and alerting without reliance on indexing or hot storage. Covering the entire range of observability, Coralogix offers features such as APM, RUM, SIEM, Infrastructure. Monitoring, and more, all streamlined for quick integration and immediate value. Coralogix stands out for its simple pricing model, based solely on data volume ingested. With world-class, free support, all customers enjoy response times of less than 30 seconds and resolution times within 1 hour. Learn more at www.coralogix.com.

    Contact:
    Sophia Meyer
    Fusion PR
    sophia.meyer@fusionpr.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0b961436-1494-4450-abca-c9a0b8f2ebf7

    The MIL Network –

  • MIL-OSI: Mavenir’s Network Intelligence as a Service AI Agents Deliver 40% Mobility KPI Gains in 5G Non-Standalone Networks

    Source: GlobeNewswire (MIL-OSI)

    RICHARDSON, Texas, Feb. 27, 2025 (GLOBE NEWSWIRE) — Mavenir, the cloud-native network infrastructure provider building the future of networks, today announced a groundbreaking achievement with its full-stack AI framework, Network Intelligence as a Service (NIaaS). For the first time globally, deep reinforcement learning (RL)-based live AI Agents – an integral component of Mavenir’s NIaaS – are autonomously controlling and performing full-closed-loop optimization for operational 5G non-standalone (NSA) networks, delivering over 40% gains in key performance indicators (KPIs) related to mobility in radio access networks (RAN). The significant performance gains were also cost-effective, since NIaaS runs only on CPUs in the field rather than GPUs. Hosted in Mavenir’s RAN Intelligent Controller (RIC), NIaaS has proven these milestones in live Open RAN deployments with two Tier 1 5G NSA operators in South Asia, with each deployment corresponding to 25+ sites and 100+ LTE and New Radio (NR) cells.

    Presenting the first-of-its-kind telco AI capability for large-scale Open RAN operations, Mavenir’s NIaaS has significantly reduced the rate of unstable handovers (including mobility ping-pongs, too-late handovers, too-early handovers, radio link failures and wrong-cell handovers) by 40% to 60% for the aggregate KPI and individual KPI components, thereby improving the mobility robustness of 4G/5G mobile subscribers in the live networks.

    “We are thrilled to lead the industry with our innovative NIaaS that is revolutionizing telecom network operations,” said BG Kumar, President, Access Networks, Platforms, and Digital Enablement at Mavenir. “While traditional SON systems are too functionality-centric, without any guarantees of tangible improvement of the target KPIs in the field, our AI-native NIaaS is KPI-centric, extracting deep-dive intelligence about the KPIs from cell-to-cell, site-to-site, market-to-market, and precisely optimizing those factors impacting the KPIs in the live network. This achievement underscores our commitment to leveraging cutting-edge technologies and our in-house skillset of inventing, innovating and designing state-of-the-art AI/ML models to drive tangible improvements in network performance and customer experience,” added Kumar.

    Looking ahead, Mavenir’s NIaaS will focus on consistently improving other operational Telco KPIs, such as connectivity, coverage, traffic management, accessibility, retainability, traffic quality, efficiency and CAPEX/OPEX. Though hosted in Mavenir RIC for the Open RAN deployments, NIaaS is also offered as a stand-alone telco intelligence capability for other domains (such as Packet Core, IMS, etc.). Moreover, NIaaS is not only confined to offering telco AI capabilities in markets with Mavenir network functions (NFs), but also to markets with third-party NFs as well.

    Mavenir NIaaS thus represents a significant leap forward in live telco AIOps, providing operators with AI-native tools to enhance network efficiency, reduce operational costs, and deliver superior service quality to their customers. As the telecom industry continues to evolve, Mavenir remains at the forefront of innovation, dedicated to pushing the boundaries of what is possible with AI/ML technologies.

    Mavenir’s NIaaS hosts state-of-the-art AI suite including Deep-RL AI Agents – developed by Mavenir – that are blended with transfer learning to autonomously control and optimize mobility offsets across LTE cells, reducing network-wide unstable handovers. These Deep-RL AI Agents for optimization are significantly aided by other agents & models in full-stack AI suite of NIaaS. For example, AI causation and explainability models help in identifying and quantifying the root causes of unstable handovers and mobility KPI degradations, and data clustering and classification models help in correlating radio frequency, mobility, traffic, and other observability patterns across cells and across time, towards evaluating the net effect. The Deep-RL AI Agents address these factors and account for the effect, optimizing the mobility thresholds autonomously in the field.

    About Mavenir:

    Mavenir is building the future of networks today with cloud-native, AI-enabled solutions which are green by design, empowering operators to realize the benefits of 5G and achieve intelligent, automated, programmable networks. As the pioneer of Open RAN and a proven industry disruptor, Mavenir’s award-winning solutions are delivering automation and monetization across mobile networks globally, accelerating software network transformation for 300+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. For more information, please visit www.mavenir.com

    Meet Mavenir at Mobile World Congress 2025, Barcelona, Mar 3-6, 2025.

    To explore Mavenir’s latest innovations and learn more about how Mavenir is delivering the Future of Networks – Today, visit us in Hall 2 (Stand 2H60) at #MWC25.

    Mavenir PR Contact:
    Emmanuela Spiteri
    PR@mavenir.com

    The MIL Network –

  • MIL-OSI: Captivision Appoints John Jureller to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Feb. 27, 2025 (GLOBE NEWSWIRE) — Captivision Inc. (“Captivision” or the “Company”) (NASDAQ: CAPT), a pioneering manufacturer and global LED solution provider, today announced the appointment of John Jureller to its Board of Directors, effective immediately. Mr. Jureller will also serve as Chair of the Company’s Audit Committee, bringing extensive financial leadership and corporate governance expertise to the Company.

    With experience spanning consumer products, communications, private equity, real estate, and healthcare, Mr. Jureller has held key financial leadership roles at multinational public and private companies. He has played an instrumental role in growth capitalizations and strategic transactions for small and micro-cap companies. His former corporate affiliations include PepsiCo, Frontier Communications, General Atlantic and Bankers Trust (now part of Deutsche Bank).

    “We are pleased to welcome John to Captivision’s Board of Directors,” said Gary Garrabrant, Chairman and CEO of Captivision. “John brings a wealth of experience and expertise to our board and our company. His career is distinguished by a rare combination of leadership roles with major corporations and dynamic entrepreneurial enterprises.”

    Mr. Jureller holds an M.B.A. in Finance from Cornell University’s Johnson Graduate School of Management and a B.S. with Distinction from Cornell University.

    About Captivision

    Captivision is a pioneering manufacturer of media glass, combining IT building material and architectural glass. The product has a boundless array of applications including entertainment media, information media, cultural and artistic content as well as marketing use cases. Captivision can transform any glass façade into a transparent media screen with real time live stream capability. Captivision is fast becoming a solution provider across the LED product spectrum.

    Captivision’s media glass and solutions have been implemented in hundreds of locations globally across sports stadiums, entertainment venues, casinos and hotels, convention centers, office and retail properties and airports. Learn more at http://www.captivision.com/.

    Cautionary Note Regarding Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements include, without limitation, statements relating to expectations for future financial performance, business strategies, or expectations for the Company’s respective businesses. These statements are based on the beliefs and assumptions of the management of the Company. Although the Company believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot assure you that it will achieve or realize these plans, intentions or expectations. These statements constitute projections, forecasts, and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “believe”, “can”, “continue”, “expect”, “forecast”, “may”, “plan”, “project”, “should”, “will” or the negative of such terms, and similar expressions, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

    The risks and uncertainties include, but are not limited to: (1) the ability to raise financing in the future and to comply with restrictive covenants related to indebtedness; (2) the ability to realize the benefits expected from the business combination and the Company’s strategic direction; (3) the significant market adoption, demand and opportunities in the construction and digital out of home media industries for the Company’s products; (4) the ability to maintain the listing of the Company’s ordinary shares and warrants on Nasdaq; (5) the ability of the Company to remain competitive in the fourth generation architectural media glass industry in the face of future technological innovations; (6) the ability of the Company to execute its international expansion strategy; (7) the ability of the Company to protect its intellectual property rights; (8) the profitability of the Company’s larger projects, which are subject to protracted sales cycles; (9) whether the raw materials, components, finished goods, and services used by the Company to manufacture its products will continue to be available and will not be subject to significant price increases; (10) the IT, vertical real estate, and large format wallscape modified regulatory restrictions or building codes; (11) the ability of the Company’s manufacturing facilities to meet their projected manufacturing costs and production capacity; (12) the future financial performance of the Company; (13) the emergence of new technologies and the response of the Company’s customer base to those technologies; (14) the ability of the Company to retain or recruit, or to effect changes required in, its officers, key employees, or directors; (15) the ability of the Company to comply with laws and regulations applicable to its business; and (16) other risks and uncertainties set forth under the section of the Company’s Annual Report on Form 20-F entitled “Risk Factors.”

    These forward-looking statements are based on information available as of the date of this press release and the Company’s management team’s current expectations, forecasts, and assumptions, and involve a number of judgments, known and unknown risks and uncertainties and other factors, many of which are outside the control of the Company and its directors, officers, and affiliates. Accordingly, forward-looking statements should not be relied upon as representing the Company management team’s views as of any subsequent date. The Company does not undertake any obligation to update, add or to otherwise correct any forward-looking statements contained herein to reflect events or circumstances after the date they were made, whether as a result of new information, future events, inaccuracies that become apparent after the date hereof or otherwise, except as may be required under applicable securities laws.

    Media Contact:
    Gateway Group
    Zach Kadletz
    +1 949-574-3860
    CAPT@gateway-grp.com

    Investor Contact:
    Gateway Group
    Ralf Esper
    +1 949-574-3860
    CAPT@gateway-grp.com

    The MIL Network –

  • MIL-OSI: From bootstrapped to scale: Venture builder Disrupt.com to invest $100M to fuel next generation of AI startups from the UAE

    Source: GlobeNewswire (MIL-OSI)

    Dubai, Feb. 27, 2025 (GLOBE NEWSWIRE) — While venture capital funding contracted globally in 2024, three founders who turned their bootstrapped startup into a $350M exit are taking a contrarian approach. Today, UAE-based venture builder Disrupt.com announces a $100M commitment to build and back AI-first technology ventures globally.

    Founded by Aaqib Gadit, Uzair Gadit, and Umair Gadit – three university friends who grew up in the same household – Disrupt.com represents the founders’ reinvestment of capital following their successful 2022 exit of cloud hosting platform Cloudways to US-listed Digital Ocean Holdings. The $350M acquisition marked the largest exit in Pakistan’s technology sector to date, with the founders now channeling their entrepreneurial expertise and capital back into the ecosystem through a unique venture building approach from their UAE headquarters.

    Disrupt.com founders: (L to R) Aaqib Gadit, Umair Gadit and Uzair Gadit.

    Having already deployed over $40M across their portfolio – including in four growth-stage companies built from idea stage, seven investments in early-stage companies, and an exit valued at $350 million – this new $100M commitment represents a significant expansion of their venture building activities. With a dedicated team of 650+ professionals, Disrupt.com provides not just capital but also the technical and operational expertise startups need to scale.

    “Now is the time to be doubling down on our experience,  financial investment and commitment required to help build the next wave of startups that will shape the future of the world as we know it. With Web 3.0 in its infancy and AI storming into our lives, the opportunity to problem solve and create businesses that will fit the needs of how people live and work is up for the taking. Our region can not only keep up, but lead the way. We are excited to see where this journey will take us,” said founding partner Aaqib Gadit. 

    Unlike traditional venture capital firms, Disrupt.com employs a three-pronged approach to creating value: building their own startups from scratch, co-building ventures alongside external founders, and making strategic investments in early-stage startups and VC funds. Through their unique ‘CoBuild’ model, they function as fractional co-founders, providing dedicated engineering, go-to-market, and operations teams to drive early adoption in a capital-efficient way.

    The firm’s $100M commitment targets five strategic sectors: artificial intelligence as a cross-cutting theme, plus cybersecurity, Web3.0, automotive technology, and retail innovation. Disrupt.com primarily targets pre-seed to Series A stage startups that demonstrate strong organic growth potential and clear paths to profitability, rather than pursuing growth at all costs.

    The announcement comes as regional funding has declined sharply, with MENA venture capital investment down 29% to just under $2B in 2024, according to Magnitt. Saudi startups saw a 44% funding drop to $750M, while UAE funding decreased 8% to $613M, creating a challenging environment for early-stage ventures.

    Disrupt.com’s current portfolio showcases their model’s effectiveness, including ZigChain, a Web3.0 platform that has scaled to 500,000+ users and hundreds of millions in managed assets; PureSquare, a cybersecurity venture; and UAE-homegrown fitness apparel brand Squatwolf. The firm has already deployed capital as a strategic investor in several AI-focused startups including organizational transformation platform Agentnoon and climate action scaling tool Ahya.

    Bartolome R. Bordallo, Co-Founder & CEO of ZigChain, highlighted the venture builder’s distinctive approach: “Some investors write checks. Disrupt.com builds with you. They’ve helped us scale from a few early adopters to managing hundreds of millions in assets and launching our own blockchain.”

    Anam Khalid and Wajdan Gul, Co-founders of UAE-based fitness apparel brand Squatwolf, emphasize the founder-first approach: “With Disrupt, you get founder-friendly partners because they’re founders themselves. They understand our challenges and opportunities in a way traditional investors simply cannot.”

    Looking ahead, Disrupt.com will direct its $100M commitment toward ventures with strong product-market fit, well-researched idea-market alignment, and robust unit economics pointing toward profitability.

    Ends

    Media images can be found here. 

    About Disrupt
    Disrupt.com is a leading venture builder and investor that partners with ambitious entrepreneurs to build, scale and invest in high-potential, globally focused technology startups. With a focus on transformative technologies and innovative business models that reshape industries – the firm is dedicated to providing entrepreneurs hands-on expertise and navigating the challenging path to scale.

    With a portfolio of 10+ companies, including notable exits such as the $350 million acquisition of Cloudways by DigitalOcean, the firm provides a combination of strategic guidance, operational expertise, and access to a network of industry leaders. These resources enable startups to achieve the milestones necessary for long-term success. For more information please visit: https://disrupt.com/ 

    The MIL Network –

  • MIL-OSI: Ress Life Investments A/S announces capital increase

    Source: GlobeNewswire (MIL-OSI)

    Ress Life Investments A/S
    Nybrogade 12,
    1203 Copenhagen K
    Denmark
    CVR nr. 33593163
    www.resslifeinvestments.com
    To: Nasdaq Copenhagen
    Date: 27 February 2025

    Corporate Announcement 07/2025

    Ress Life Investments A/S announces capital increase.

    The Board of Directors in Ress Life Investments A/S has today resolved to utilise its authorisation in article 4.8 of the articles of association to increase the company’s share capital with nominally EUR 96,000 by issuance of 192 new shares with a nominal value of EUR 500 each at a price of EUR 2496.32 per share of EUR 500 without pre-emption rights for the company’s existing shareholders.

    After the capital increase, the registered share capital of the company is EUR 87,873,500 divided into 175,747 shares of EUR 500 nominal value each. Each share of nominal EUR 500 carries one vote at general meetings in Ress Life Investments A/S.

    The new shares will be admitted for trading and official listing on NASDAQ Copenhagen A/S under the same ISIN code as the company’s existing shares.

    Updated articles of association of the company are attached.

    Questions related to this announcement can be made to the company’s AIF-manager, Resscapital AB.

    Contact person:
    Gustaf Hagerud
    gustaf.hagerud@resscapital.com
    Tel + 46 8 545 282 27

    Attachments

    The MIL Network –

  • MIL-OSI Asia-Pac: Speech by SITI at AI Action Summit 2025 – AI STR Forum (English only)

    Source: Hong Kong Government special administrative region

    Speech by SITI at AI Action Summit 2025 – AI STR Forum (English only)
    Speech by SITI at AI Action Summit 2025 – AI STR Forum (English only)
    *********************************************************************

    Following is the speech by the Secretary for Innovation, Technology and Industry, Professor Sun Dong, at the AI Action Summit 2025 – AI STR (Safety, Trust, and Responsibility) Forum organised by Cyberport and the World Digital Technology Academy (WDTA) and the International Academicians Science & Technology Innovation Centre today (February 27):  Vice Minister Ye (Deputy Director-General of the Department of Educational, Scientific and Technological Affairs of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region, Mr Ye Shuiqiu), Professor Li (Executive Chairman of the WDTA, Professor Yale Li), Professor Chan (Academician of the Chinese Academy of Engineering and Academician of the WDTA, Professor C C Chan), Simon (Chairman of the Board of Directors of Hong Kong Cyberport Management Company Limited, Mr Simon Chan), Rocky (Chief Executive Officer of Hong Kong Cyberport Management Company Limited, Dr Rocky Cheng), Tony (Commissioner for Digital Policy, Mr Tony Wong), distinguished guests, ladies and gentlemen,     ​Good morning. I am delighted to join you all today at AI STR Forum, jointly organised by Cyberport and the World Digital Technology Academy.       The Forum today will immerse into exciting discussions on AI and the associated safety, trust and responsibility issues. Undoubtedly, AI is the most pivotal engine of scientific, economic and social advancements around the globe.     ​In Hong Kong, we attach great importance and devote significant resources to driving AI on various fronts. AI and data science is one of our development focus areas as underscored in the Hong Kong Innovation and Technology Development Blueprint promulgated in December 2022. Echoing the nation’s “AI+” initiative and strategic direction to cultivate new quality productive forces and build a globally competitive digital industry cluster, Hong Kong is taking steps to consolidate our strengths and capitalise on the emerging opportunities in AI research, innovation and application.      To provide the most conducive environment for AI development, Cyberport, being Hong Kong’s digital tech hub, established the AI Supercomputing Centre (AISC) last year, which will provide high-performance computing power of 3 000 petaFLOPS to support impactful R&D (research and development) projects on AI.      The Government is also subsidising users of Cyberport’s AISC, through the $3 billion AI Subsidy Scheme, to make the much sought-after computing power more accessible. This financial assistance already benefits local R&D projects on large language models (LLM), material science and environmental assessment that will break new ground of AI.      Let’s not forget our InnoHK research clusters. A total of 16 AI and robotics-specific research centres are set up under AIR@InnoHK, including the Hong Kong Generative AI Research and Development Center (HKGAI) which focuses on generative AI technologies. The HKGAI is now running at full steam in developing a Hong Kong-based LLM and a generative AI document processing copilot application together with a few application tools. The latter is now being used internally by government bureaus and departments on a pilot basis to handle tasks such as document drafting, translation and summary.      This long list would go incomplete without mentioning our latest endeavour, as announced yesterday by the Financial Secretary in the 2025-26 Budget, to establish the Hong Kong AI R&D Institute. A dedicated, public mission-driven undertaking, the institute will spearhead AI development and industry application in Hong Kong, promote cross-sectoral collaboration, and add another exciting chapter in our AI history book.      As we navigate in the boundless realms of AI, we are mindful of the safety, responsibility and trust issues that beset AI explorers and users. We could only harness the full power and potential of AI by addressing these contentious issues proactively. The Forum and the wise men here with us today will give much insights into these hot topics. I look forward to the exchanges and the food for thought.      In closing, I wish the Forum a great success and every one of you the most fruitful and inspiring sharing. Thank you.

    Ends/Thursday, February 27, 2025Issued at HKT 12:20

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Disaster Recovery Centers Open in Pike County

    Source: US Federal Emergency Management Agency

    Headline: Disaster Recovery Centers Open in Pike County

    Disaster Recovery Centers Open in Pike County

    FRANKFORT, Ky –Two Disaster Recovery Centers will open in Pike County on Feb. 27 in areas affected by the February floods. Disaster Recovery Centers, operated by the Kentucky Division of Emergency Management and FEMA, offer in-person support to survivors in declared counties as the result of severe storms, straight-line winds, flooding, landslides and mudslides from Feb. 14, 2025, and continuing.   FEMA representatives can explain available assistance programs, how to apply to FEMA, and help connect survivors with resources for their recovery needs. The deadline to apply for federal assistance is April 25, 2025.Additional Disaster Recovery Centers will open across the Commonwealth disaster area in the coming days. Disaster Recovery Center LocationsPIKE COUNTYPike Public Library, 126 Lee Ave, Pikeville, Ky 41501Belfry Public Library, 24371 US-119, Belfry, Ky 41514Hours are 7 a.m. to 7 p.m. ET Monday through Sunday.In addition to FEMA personnel, representatives from the Kentucky Office of Unemployment Insurance, the Kentucky Department of Insurance and the U.S. Small Business Administration (SBA) will be available at the recovery centers to assist survivors.You do not need to visit a center to apply with FEMAIf you are unable to visit the center, there are other ways to apply: you can apply online at DisasterAssistance.gov, by calling 800-621-3362, or by using the FEMA mobile app. If you use a relay service, such as video relay (VRS), captioned telephone or other service, give FEMA the number for that service.When you apply, you will need to provide:A current phone number where you can be contacted.Your address at the time of the disaster and the address where you are now staying.Your Social Security Number.A general list of damage and losses.Banking information if you choose direct deposit.If insured, the policy number or the agent and/or the company name.For an accessible video on how to apply for FEMA assistance, go to youtube.com/watch?v=WZGpWI2RCNw.For more information about Kentucky flooding recovery, visit www.fema.gov/disaster/4860. Follow the FEMA Region 4 X account at x.com/femaregion4.###FEMA’s mission is helping people before, during, and after disasters.
    wesley.lagenour
    Wed, 02/26/2025 – 19:39

    MIL OSI USA News –

  • MIL-OSI USA: Office of the Governor — News Release — Gov. Green Considers Judicial Nominations

    Source: US State of Hawaii

    Office of the Governor — News Release — Gov. Green Considers Judicial Nominations

    Posted on Feb 26, 2025 in Latest Department News, Newsroom, Office of the Governor Press Releases

    STATE OF HAWAIʻI 
    KA MOKU ʻĀINA O HAWAIʻI 
     
    JOSH GREEN, M.D. 
    GOVERNOR
    KE KIAʻĀINA 
     

    GOVERNOR GREEN CONSIDERS JUDICIAL NOMINATIONS

    FOR IMMEDIATE RELEASE
    February 26, 2025

    HONOLULU — Four nominees for Circuit Judge for the Circuit Court of the Third Circuit (Island of Hawaiʻi) have been announced for consideration. Governor Josh Green, M.D., will nominate a successor to fill the vacancy left by the retirement of Circuit Judge Robert D.S., Kim in July of 2024.

    The State Judicial Selection Commission transmitted the list of nominees to Governor  Green following a thorough review of the qualifications and backgrounds of all applicants.

    The nominees are:

    • Mark D. Disher; currently Deputy Corporation Counsel in the County of Hawaiʻi Office of the Corporation Counsel. He is a graduate of the William S. Richardson School of Law at the University of Hawaiʻi at Mānoa.
    • Brandon K. Flores; currently Assistant Administrator of the Child Support Enforcement Agency in the state of Hawaiʻi Department of the Attorney General. Flores is a graduate of the William S. Richardson School of Law at the University of Hawaiʻi at Mānoa.
    • Kauanoe A.D. Jackson; currently a Deputy Prosecuting Attorney, county of Hawaiʻi Office of the Prosecuting Attorney. Jackson is a graduate of the Chapman University School of Law (known now as the Dale E. Fowler School of Law).
    • Scott K.D. Shishido; currently the Hawaiʻi Island Managing Attorney for the Legal Aid Society of Hawaiʻi. Shishido is a graduate of the William S. Richardson School of Law at the University of Hawaiʻi at Mānoa.

    Governor Green must make his appointment within 30 days, or by Friday, March 28, 2025.

    The public is invited to provide comments on the nominees via the Governor’s website https://governor.hawaii.gov/contact-us/contact-the-governor/.

    # # #

    Media Contacts:   
    Erika Engle
    Press Secretary
    Office of the Governor, State of Hawai‘i
    Office: 808-586-0120
    Email: [email protected] 

    Makana McClellan
    Director of Communications
    Office of the Governor, State of Hawaiʻi
    Cell: 808-265-0083
    Email: [email protected]

    MIL OSI USA News –

  • MIL-OSI: MWC 2025: AI solutions that change business and improve customer experience

    Source: GlobeNewswire (MIL-OSI)

    MWC 2025: AI solutions that change business and improve customer experience

    Imagine your business operating at peak efficiency. Data is processed instantly, customer queries are resolved in seconds, and routine processes are automated. This is not a fantasy, but a reality that QazCode creates. At the Mobile World Congress in Barcelona, March 3-6, the company will demonstrate how advanced AI solutions are helping businesses and organizations achieve leadership in their industries.

    How Kazakhstan is leading the AI race: Breakthrough technologies at MWC 2025

    In recent years, Kazakhstan has been actively developing its technology infrastructure, which has contributed to the growth of innovative companies and attracted investment in AI and other advanced technologies. The International Monetary Fund ranked Kazakhstan in the top 50 countries for AI readiness in 2023, ahead of all Central Asian countries.

    Kazakhstan’s high position in the rating was the result of comprehensive efforts to develop the digital ecosystem, and QazCode‘s participation at MWC was another confirmation of the country’s success.

    “Kazakhstan strives to be on par with the world leaders in digitalization by actively developing infrastructure, IT and human capital. We are pleased to present our achievements on the international platform of MWC, where we have the opportunity to demonstrate how our technologies help businesses optimize processes and reach new heights. It is also a great chance to build partnerships with industry leaders and share experiences to further develop the technology ecosystem in the regions,” – said Oleksii Sharavar, CEO at QazCode.

    The KAZ-LLM Big Language Model: a breakthrough in localized technology

    One of the company’s significant projects was the development of the first national language model KAZ-LLM. The model was created in partnership with the Institute of Smart Systems and AI (ISSAI NU) and Astana Hub, under the coordination of the Ministry of Digital Development, Innovation and Aerospace Industry of Kazakhstan. The project aims to bridge the gap for underrepresented language groups, making technology accessible to all.

    Moreover, KAZ-LLM has already gained international recognition—it won the GSMA Foundry Excellence Award 2025 in the Artificial Intelligence category, confirming its high quality and importance for technological advancement.

    The model, based on 150 billion tokens, covers Kazakh, Russian, English and Turkish and is considered a local version of GPT. The support of the computing power of 8 DGX H100 volume allowed to accelerate the learning process and analyze massive data sets in seconds.

    The national model enables businesses to develop chatbots, customer support systems, automate document flow, and analyze data. For example, local banks will be able to speed up the processing of requests in the local language, and retailers will be able to improve the user experience by incorporating the model into their processes. Educational and scientific institutions will be able to create applications for teaching the local language.

    QazCode collaborates with leading international organizations such as GSMA Foundry and Barcelona Supercomputing Center to share experiences and implement global best practices in AI.

    Also in the summer of 2024, QazCode announced the creation of Central Asia’s first GPU cloud for the development of AI products based on NVIDIA technology.  

    AI as a tool for transformation

    According to recent data, 98.4% of companies worldwide have increased their investment in AI, and 90.5% consider it a key element of their strategies. This emphasizes the importance of AI for business goals and competitiveness. MWC 2025 will display solutions that help solve business challenges and simplify people’s daily lives using advanced technologies:

    • AI RAG Powered Chatbots and intelligent agents: These solutions combine a powerful search model with generative GPT and instantly analyze text and visual data, helping companies process large volumes of information with precision. For example, customer queries that previously took hours to resolve are now resolved in seconds. Query time is reduced by 85%, which can directly affect ROI.
    • AI Tutor is a system that helps students and pupils improve their knowledge by automatically generating lessons and tests on specific subjects. Support for multiple languages, including Kazakh, Turkish, English, and Russian, allows the solution to be customized to meet the needs of different users. AI Tutor will be showcased at MWC 2025, demonstrating how AI can make learning more accessible, efficient and open new horizons for the educational process.

    In addition, QazCode solutions are designed to meet the needs of businesses of all sizes and cultural sensitivities in every region of the world. They are suitable for both SMEs and large corporations, providing flexibility and scalability.

    MWC 2025 (booth 6F12) will display how AI solutions can transform your business.

    About QazCode

    QazCode is an IT company and exclusive digital partner of Beeline Kazakhstan. The company is part of the VEON group listed on the NASDAQ and Euronext stock exchanges.
    The company has over 750 employees with 8 years of experience in software development for the telecom and IT markets with a deep understanding of business and technology. The solution portfolio includes the development of private Large Language Models (LLM) with a focus on data security, process optimization through Agile methodologies, full-cycle implementation of Business Support Systems (BSS), and IT outsourcing for effective product development, team expansion, and project management to help accelerate time to market. The company already operates in Central Asia, Europe, and the Middle East, and is actively expanding its presence in new markets.

     About VEON
    VEON is a digital operator providing converged communications and digital services to nearly 160 million customers. Operating in six countries with over 7% of the world’s population – Pakistan, Ukraine, Bangladesh, Kazakhstan, Uzbekistan and Kyrgyzstan – VEON transforms people’s lives through technology services that empower people and drive economic growth. VEON is headquartered in Dubai.

    The MIL Network –