Category: Machine Learning

  • MIL-OSI USA: News 02/12/2025 VIDEO: Blackburn Details New Report Documenting Crimes Committed by Illegal Aliens in Tennessee During Biden’s Final Months

    US Senate News:

    Source: United States Senator Marsha Blackburn (R-Tenn)

    WASHINGTON, D.C. – Today, U.S. Senator Marsha Blackburn (R-Tenn.) delivered remarks on the Senate floor about the Tennessee District Attorneys General Conference’s report documenting the widespread migrant crime in Tennessee that occurred during the final months of the Biden-Harris administration. In the final three months of 2024, thousands of illegal aliens in Tennessee were charged with driving under the influence, domestic and aggravated assault, child abuse, rape, vehicular homicide, murder, and other heinous crimes.  

    Click here to watch Senator Blackburn’s remarks. 

    REMARKS AS PREPARED

    Since President Trump Took Office, Migrant Encounters Are Down 87% at Southern Border

    In just his first weeks back in the Oval Office, President Trump has taken strong action to secure our border. Through executive actions alone, the President has restored the successful Remain-in-Mexico policy, restarted border wall construction, ended catch-and-release, sent troops to the southern border, conducted deportations, and done so much more to Make America Safe Again. Already, we’re seeing incredible results. 

    In operations across the country, Immigration and Customs Enforcement has arrested 11,000 criminal illegal aliens, including many violent offenders and gang members. Since Inauguration Day, meanwhile, migrant encounters at the southern border have reportedly dropped 87 percent. To be certain, forceful efforts to secure our border are urgently needed.

    For four years, former President Biden allowed more than 10 million illegal aliens to enter our country, including tens of thousands of convicted criminals and more than 1.7 million known “gotaways.” And for four years, Tennesseans and Americans across the country have suffered the tragic consequences, including rampant migrant crime.

    New Report Documents Widespread Migrant Crime in Tennessee Under Biden

    Recently, the Tennessee District Attorneys General Conference released a report documenting the widespread migrant crime in our state during the final months of the Biden administration. In many ways, the report confirms what we already know: During the Biden years, every town was a border town, and every state was a border state.

    In just the final three months of 2024, there were a staggering 2,719 reports of illegal aliens being charged or convicted of 3,854 offenses in the State of Tennessee. Among them, the most common offense was driving under the influence, at 654 arrests. Shockingly, these offenses accounted for more than 13 percent of all DUI arrests statewide.

    This problem is a big reason why, last year, my Republican colleagues and I introduced the Protect Our Communities From DUIs Act. This bill would automatically deport any illegal who is charged with driving under the influence.

    Over the same period—from October to December last year—illegal aliens committed hundreds of violent, heinous crimes: 154 instances of domestic assault, 80 of aggravated assault, 21 of child abuse, 9 of statutory rape, 8 of sexual exploitation of a minor, 7 of vehicular homicide, 4 of murder, 3 of rape of a child, and on and on. Disturbingly, these numbers are likely an undercount: Only 73 of Tennessee’s 95 counties reported data to the District Attorneys General Conference.

    Biden’s Open Border Enabled Thousands of Crimes by Illegal Aliens in Tennessee

    Under Biden, national data showed that illegal aliens were pouring in from countries all over the world—and the Tennessee migrant crime report also reflects this. Across all the offenders, there were 92 unique countries of origin, from Mexico and Guatemala to Jamaica and Romania.

    Here’s the bottom line: Because of Biden’s open border, thousands of crimes were committed by thousands of criminal illegal aliens in the State of Tennessee over just a three-month span. And this is just one state. We know this is happening in communities across the country.

    More than anything, the report underscores the importance of President Trump’s mass deportations, which are already underway. Thankfully, there are many ways for Congress to support these efforts. My CLEAR Act, for example, would ensure state and local law enforcement officials have the tools to help the federal government deport criminal illegal aliens.

    This is crucial—especially when far-left leaders like Chicago Mayor Brandon Johnson are refusing to turn over criminal illegal aliens to federal custody. Thankfully, Attorney General Bondi is suing these sanctuary cities for allowing criminal illegals—who have no right to be in our great nation—to harm Americans.

    Blackburn Bills Would Allow Deportation of Illegal Aliens Convicted of Sex Crimes and Ensure Border States Have More Authority to Secure Their Borders

    I’ve also introduced the Preventing Violence Against Women by Illegal Aliens Act, which would allow the deportation of illegal aliens convicted of sexual offenses or domestic violence. Any illegal alien who commits these heinous crimes should be removed from our country immediately.

    And my CONTAINER Act would ensure that border states such as Texas have the legal authority to place temporary barriers on federal land to help stop the flow of traffickers, drugs, and criminals at the southern border. With help from states securing the border, ICE can direct more resources to deporting criminal illegals who are already in our country.

    With thousands of criminal illegals residing in Tennessee and across the country, we should be using every resource at our disposal to remove them from our country. In many ways, these bills would help President Trump get the job done.

    MIL OSI USA News

  • MIL-OSI China: China remains appealing to foreign investors

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

    SHANGHAI, Feb. 12 — Despite geopolitical tensions and rising trade protectionism, international businesses are deepening their commitments in China as 2025 unfolds, demonstrating the country’s appeal to those seeking to stay competitive globally.

    U.S. automaker Tesla’s Megafactory in Shanghai began producing energy storage batteries on Tuesday. Earlier this month, Toyota announced plans to establish a wholly owned electric vehicle plant in the eastern Chinese economic hub. In January, construction started on Siemens Healthineers’ new manufacturing and research facility in south China’s Shenzhen.

    The rationale behind these investments by global industry leaders is clear: China remains a vital market with significant growth potential.

    With its expanding middle class, China’s position as a global economic powerhouse makes its vast market hard to ignore. In 2024, the country’s gross domestic product (GDP) reached a record 134.91 trillion yuan (about 18.81 trillion U.S. dollars), marking a 5-percent year-on-year increase. As the world’s second-largest economy, China offers opportunities that are difficult to find elsewhere.

    China’s supply chain has become increasingly sophisticated and complete. Its highly competitive and advanced manufacturing ecosystem continues to attract high-value, technology-intensive investments.

    Additionally, China’s talent pool, particularly its abundance of engineers, bolsters multinational corporations’ confidence in establishing global research and development centers here. The country’s transformation into an innovation hub is particularly evident in industries such as electric vehicles and lithium-ion batteries. As China builds a modern industrial system, it accelerates efforts to develop new quality productive forces, creating fresh opportunities for global companies.

    China remains committed to opening up and fostering win-win cooperation. The nation’s market has become increasingly accessible, and a series of measures have been taken to encourage foreign investment. In recent years, China has made significant strides in promoting high-standard openness, including reducing the negative list for foreign investment, eliminating all restrictions on foreign investors in manufacturing, and expanding unilateral opening to the least-developed countries. The results of these efforts are reflected in the 9.9-percent increase in the number of newly established foreign-funded enterprises in China last year.

    Furthermore, Chinese authorities have made expanding high-standard economic openness a key priority for 2025. During an executive meeting on Monday, the State Council approved an action plan to stabilize foreign investment this year. The meeting called for more practical and effective measures to attract foreign capital, underscoring China’s commitment to creating a business-friendly environment.

    Despite challenges posed by the politicization of economic and trade issues in the West and sluggish global investment, China’s high-level openness, economic vitality, and expanding consumer base continue to make it a top investment destination.

    According to the 2024 Kearney Foreign Direct Investment Confidence Index, which measures investor expectations for FDI over the next three years, China jumped from seventh to third place in global rankings, leading all emerging markets.

    As many multinational executives have noted, “The next China is still China.” In an era of uncertainty and instability, one thing remains clear: Investing in China is a strategic move for those looking to secure their future.

    MIL OSI China News

  • MIL-OSI NGOs: Fossil fuel anti-protest bills in Montana, Virginia, and Illinois threaten free speech and climate advocacy

    Source: Greenpeace Statement –

    © Tim Aubry / Greenpeace

    Already this year, lawmakers in Montana, Virginia, and Illinois have introduced bills that would hand corporations and prosecutors new tools to suppress climate activism. 

    Although proponents frame these bills as public safety measures, there is no evidence that they improve energy reliability or make communities safer. To the contrary, they contain intentionally broad provisions that would make climate advocates, environmental defenders, and landowners vulnerable to felony prosecution for infractions that are historically linked to protest. 

    In light of Big Oil’s death drive to keep the world hooked on fossil fuels (now with the federal government’s total support), policies that take aim at our right to protest make all of us less safe by undermining the urgent action that is needed to preserve a livable future.

    Twenty-three states already have some form of these laws in place.1 Certain components of them pose an obvious threat to climate protest (for example, boosting penalties for simple trespass near fossil fuel infrastructure), but no less dangerous are vague provisions that target “impeding” fossil fuel infrastructure or “causing damages.”

    Under some laws, it is unclear whether these provisions could be used to impose draconian penalties upon individuals engaged in peaceful sit-ins or symbolic protest actions such as painting a slogan on a pipeline without damaging its functionality. In recent years, oil and gas companies have sought large monetary damages from activists for alleged costs associated with project delays.2 Moreover, fossil fuel spokespeople and their allies in government routinely frame acts of civil disobedience as violent attacks deserving of deterrence and aggressive retaliation.

    Laws with intentionally broad language allow authorities to hang the threat of prosecution over activists’ heads, even if the most extreme charges are not pursued or eventually dropped. Further, they can force individuals and organizations into costly legal battles.

    A closer look at the new crop of anti-protest bills below:

    • Montana HB 257 would build on the state’s existing anti-protest law by removing the condition that sites classified as “critical infrastructure” be enclosed by a fence or identified by signage. The bill drew support from business groups representing ExxonMobil, Continental Resources, the American Chemistry Council, and other members in a January 27 committee hearing.
    • Virginia HB 2215 would make “damaging” certain facilities and equipment a class 3 felony, punishable by 5-20 years in prison. The primary sponsor, VA Rep. Terry Kilgore, is a long-time member of the American Legislative Exchange Council (ALEC) and has accepted more than $380,000 in campaign donations from Dominion Energy over his political career. ALEC, an organization that invites corporate lobbyists to help draft model bills that are promoted with state officials around the country, has played a key role in the spread of anti-protest laws since 2016. Dominion Energy has also lobbied for anti-protest laws, including to explicitly “address civil disobedience towards pipelines,” according to emails obtained by public records request.
    • Illinois HB 1480 would create a new felony offense that could cover nonviolent protesters at pipeline and other infrastructure sites with maximum penalties of 3–7 years imprisonment and a $20,000 fine. It would also extend liability to anyone who “conspires with” a person to commit the offense. This last provision is especially pernicious due to the history of prosecutors using scattershot conspiracy allegations to target individuals and organizations with shared political views absent evidence of specific crimes. IL Rep. Patrick Windhorst, the primary sponsor of this bill, is also a member of ALEC.

    For more information about these anti-protest bills and related lobbying activity, see here.

    Related to the push for fossil fuel anti-protest laws are strategic lawsuits against public participation (SLAPPs). Greenpeace is facing a costly SLAPP brought by Energy Transfer, the owner of the Dakota Access Pipeline, in North Dakota state court, which goes to trial this month. Further, California Attorney General Rob Banta, the Sierra Club and other environmental groups were sued for defamation by ExxonMobil this January after the defendants sought to hold Exxon legally accountable for its role in the plastics crisis.


     1Twenty-two states were counted for Greenpeace USA’s Dollars vs. Democracy 2023 report. The twenty-third state to pass a fossil fuel anti-protest law was Florida with H 275 / S 340 (2024).

    2 For example, see Mountain Valley Pipeline’s lawsuit against climate protesters. https://www.theguardian.com/us-news/2024/sep/27/mountain-valley-pipeline-protest 

     3 For more about this, see “The Fossil Fuel Industry Used ALEC to Spread Fossil Fuel Anti-Protest Laws Across the Country” on page 30 of Dollars vs. Democracy 2023.

    MIL OSI NGO

  • MIL-OSI Security: KS25: USAF, JSDF conduct C-17 static loading test

    Source: United States INDO PACIFIC COMMAND

    Approximately 60 members from the Japan Ground Self-Defense Force, Japan Air Self-Defense Force and U.S. Air Force conducted a C-17 Globemaster III static loading test at Naval Air Facility Atsugi, Japan Feb. 3-4.

    The training event was a part of Keen Sword 25, a bilateral training exercise that took place in the vicinity of Japan from Oct. 23, 2024, through Nov. 1, 2024.

    Keen Sword demonstrates and advances interoperability, validates force posture, and reinforces solidarity of the U.S.-Japan alliance by exercising the most modern
    equipment and procedures under realistic conditions.

    “AC-17 loading test was postponed during KS 25,” said Jake Carrico, U.S. Forces, Japan transportation planning specialist. “Japan Self-Defense Forces requested the training event be rescheduled for February 2025 to meet this training exercise objective.”

    The training included a joint inspection, load planning, and a C-17 static loading test with Japan Self-Defense Forces members from the 1st Helicopter Brigade, and Japan Air Self-Defense Force Central Air Defense Missile Group. Also, USAF members from 730th Air Mobility Squadron and 374th Logistics Readiness Squadron, Yokota Air Base, and 535th Airlift Squadron, Joint Base Pearl Harbor-Hickam, Hawaii.

    “This is important bilateral training event provides JGSDF and JASDF members to practice contingency-loading of their equipment on a USAF C-17,” said Carrico.

    During the two-day training event, JGSDF members conducted their CH-47JA Chinook helicopter loading onto a USAF C-17. Also, JASDF members loaded their Antenna Mast Group vehicle and MIM-104 Patriot missile system, including USAF loading members conducted joint inspections and load planning according to the Air Transportation Test Loading Activity (ATTLA).

    “The ATTLA provides instructions on how to prepare and transport equipment, including foreign nations, on USAF aircraft.” said Staff Sgt. Eric Shaah, 730th Air Mobility Squadron air transportation specialist. “We inspected cargo for airworthiness to include hazardous materials check, cargo build up, and proper vehicle transport configurations.”

    The two-day exercise offered the opportunity to liaise with the JSDF in a show of bilateral interoperability and to use the safest and most efficient methods to upload and download their assets using U.S. airlift.

    “In total 143,000 pounds of rolling stock were prepared, loaded, and unloaded from a C-17.” said Shaah.

    According to a senior JASDF official, using the C-17 cargo aircraft enables a strategic capability to reconfigure large assets like the CH-47 Chinook transport helicopter for airlift around the country.

    “Exercising the capability to support and collaborate with our partner nations strengthens our ability to project combat power anywhere on the globe,” said Shaah, “During these two days, we were able to demonstrate the joint inspection requirements to the JASDF and JGSDF so that they have familiarization with the mathematical computations and loading process in the event that they need to deploy their equipment and personnel via mobility airlift.”

    This training provides an enhanced mutual understanding of aircraft loading procedures and strengthens cooperation between USAF and the JSDF to respond to humanitarian crisis or contingency. The U.S.-Japan alliance has served as the foundation for regional peace and security for nearly 75 years and remains indispensable to our mutual security interests in the Indo-Pacific.

    MIL Security OSI

  • MIL-OSI: Community Hospital Corporation and CarePilot Forge Strategic Partnership Following Successful Pilot of Ambient AI Technology

    Source: GlobeNewswire (MIL-OSI)

    KANSAS CITY, Mo. and PLANO, Texas, Feb. 12, 2025 (GLOBE NEWSWIRE) — CarePilot, a leader in AI-driven medical documentation for community healthcare, today announced a new strategic partnership with Plano, TX based Community Hospital Corporation (CHC) following a successful pilot of CarePilot’s ambient AI technology in several CHC facilities. Under this partnership, CHC plans to deploy and distribute CarePilot’s AI scribe solution across their managed and affiliated hospitals nationwide.

    • CarePilot’s ambient AI technology transforms spoken clinical conversations into comprehensive, structured documentation, enabling clinicians to focus on delivering patient care rather than on administrative tasks. This partnership is expected to streamline clinical workflows and ultimately enhance the patient experience throughout CHC’s extensive network.

    “We’re excited to work with CarePilot to bring AI to community health care and improve the experience for our patients and providers,” said Joe Ford, Regional Vice President of Information Technology at CHC.

    CHC is renowned for its support of community-based hospitals nationwide. The organization is either directly responsible for or supports the day-to-day operations of 23 hospitals across the country.  Additionally, CHC Consulting, CHC IT management, Telecom and Supply chain programs extend its influence to over 200 network hospitals. This broad reach positions CHC as a pivotal force in enhancing community health care delivery across diverse regions. By integrating CarePilot’s AI solution, the partnership aims to reduce administrative burdens on clinicians, optimize clinical documentation, and foster more meaningful interactions between healthcare providers and their patients.

    “We’re committed to bringing cutting-edge technology to rural and community hospitals. Our collaboration with CarePilot and their ambient AI platform is a testament to that commitment. By automating documentation in ambulatory, ED, and inpatient settings, and ensuring seamless compatibility with various EHRs, we’re not only improving operational efficiency, but also making this advanced technology accessible to our dedicated healthcare professionals, ultimately driving better patient outcomes in the communities we serve.”

    About CarePilot
    CarePilot is at the forefront of AI-driven documentation solutions for community healthcare. Its cutting-edge AI scribe technology converts clinical conversations into detailed clinical notes, reducing the administrative burden on providers and allowing them to focus on what truly matters—patient care. Designed for seamless integration into existing clinical workflows, CarePilot’s solution is transforming the landscape of clinical documentation across community health settings.

    About CHC Community Hospital Corporation
    Community Hospital Corporation owns, manages and consults with hospitals through CHC Hospitals, CHC Consulting and CHC ContinueCARE with the purpose to collaborate with partners and bring innovative solutions to support the vibrancy and accessibility of community healthcare. Based in Plano, Texas, CHC provides the resources and experience community hospitals need to improve quality outcomes, patient satisfaction and financial performance.

    For more information, please visit www.carepilot.com or www.chc.com.

    CONTACT:
    Joseph Tutera, CEO
    sales@carepilot.com
    6550 Sprint Parkway
    Suite 200
    Overland Park, Kansas, 66211, USA

    The MIL Network

  • MIL-OSI USA: Hawley Questions Trump DOJ Antitrust Nominee on Antitrust Enforcement

    US Senate News:

    Source: United States Senator Josh Hawley (R-Mo)

    Wednesday, February 12, 2025

    Today in a Senate Judiciary Nomination hearing, U.S. Senator Josh Hawley (R-Mo.) questioned Gail Slater, President Trump’s nominee to be Assistant Attorney General for the Antitrust Division at the Department of Justice. Senator Hawley focused his questioning on Big Tech and antitrust enforcement,  and the future of Artificial Intelligence (AI). 
    “I am extremely concerned about what the emergence of AI and monopoly power in AI will mean for American consumers,” said Senator Hawley. 
    “We have got to give power back to individual Americans to protect their rights. Antitrust enforcement by the U.S. government is a critical part of that,” he concluded.
    [embedded content]
    Click here, or above to watch the full clip. 
    Senator Hawley previously served as chairman of the Judiciary Subcommittee on the Constitution; Privacy, Technology, and the Law, where he worked to protect and defend the rights of Americans against powerful tech corporations.

    MIL OSI USA News

  • MIL-Evening Report: Cook Islands opposition files no-confidence motion against PM

    By Melina Etches of the Cook Islands News

    A motion of no confidence has been filed against the Prime Minister and his Cabinet following the recent fiasco involving the now-abandoned Cook Islands passport proposal and the comprehensive strategic partnership the country will sign with China this week.

    Cook Islands United Party leader Teariki Heather said Prime Minister Mark Brown should apologise to the people and “graciously” step down, or else he would move a no-confidence vote against him in Parliament.

    Clerk of Parliament Tangata Vainerere today confirmed that a motion of no confidence has been filed, and he had placed the notice with the MPs.

    Parliament will convene for the first time this year next Monday, February 17, to consider various bills and papers, including the presentation of the supplementary budget.

    Heather, an Opposition MP, is concerned with Brown’s lack of consultation regarding the passport issue, which the Prime Minister later confirmed was “off the table”, and the China agreement with New Zealand.

    New Zealand has raised concerns that it was not properly consulted, as required under their special constitutional arrangement.

    However, PM Brown said he had advised them and did not believe the Cook Islands was required to provide the level of detail New Zealand was requesting.

    ‘Handled the situation badly’
    “He [Brown] has handled the situation badly. He has to step down graciously but if he doesn’t, I’m putting in a no confidence vote in Parliament — that’s the bottom line,” Heather told the Cook Islands News.

    “I will move that motion and if there’s no support at least I’ve done it, I’ve seen it through.”

    Heather also said that he believed the Prime Minister should apologise to the people of the Cook Islands.

    “A simple apology, he made a mistake, that’s it.”

    Cook Islands News asked the Leader of the Opposition Tina Browne for comment on Heather’s no confidence motion.

    Browne on Sunday told PMN that residents were angry, and there was mounting pressure and strong feeling that the PM Brown “should go” (step down).

    Backed by cabinet ministers
    The Prime Minister has the confidence of his Cabinet Ministers, who are backing their leader and the China agreement, according to Foreign Affairs Minister Tingika Elikana.

    Brown is in China on a state visit with his delegation. Yesterday marked the third day of the visit, during which he will oversee the signing of a Joint Action Plan for Comprehensive Strategic Partnership (CSP) with China.

    He is also expected to meet with Chinese Premier Li Qiang and President Xi Jinping.

    The content of the agreement and its signing date remain unknown.

    “At this stage, discussions regarding the agreement are still ongoing, and it would be premature to confirm a signing date at this time. However, once there are any formal developments, we will ensure updates are shared through an official MFAI media release,” a spokesperson for the Cook Islands Ministry of Foreign Affairs and Immigration told Cook Islands News.

    Public protest march
    A public protest march will convene at Parliament House on Monday to challenge the government’s direction for the people of the Cook Islands.

    Heather is spearheading the “peaceful” protest march, rallying citizens against PM Brown’s controversial proposal to introduce a Cook Islands passport.

    More than 100 people attended Heather’s public meeting last Monday evening at the Aroa Nui Hall to voice their concerns about government’s actions disregarding the voices of the people.

    “Do we just sit around no. Te inrinaki nei au e te marama nei kotou te iti tangata,” Heather said.

    “We have to do this for the sake of our country. This is not a political protest, it’s people of the Cook Islands uniting to protest, if you understand the consequences, you will understand the reason why.”

    Although Brown has since ditched the proposal after New Zealand warned it would require holders to renounce their New Zealand one, “the damage is done”.

    This has sparked heated debates about national identity, sovereignty and the implications for the Cook Islands relationship with New Zealand.

    Concerns of citizens
    Heather has taken onboard the concerns of citizens and argued that such a move could undermine the historical ties and shared citizenship that have long defined the relationship between the Cook Islands and New Zealand.

    He has no confidence in Brown’s statement that the proposed Cook Islands identity passport is “off the table”.

    “I think it is off the table for now . . .  but for how long?” Heather questioned.

    “Then there’s the impact of what he has done with our relationship with New Zealand so we are very much concerned about that.

    “We are making a statement. The march is actually to show the government of New Zealand that we the people of the Cook Islands don’t agree with the Prime Minister on that.

    “We want New Zealand to see that the people of the Cook Islands – that we love to keep our passport, that we care about our relationship as well.”

    Heather said they are also concerned about New Zealand’s reaction to the Cook Islands proposed agreement with China.

    ‘Peaceful’ protesters welcomed
    He welcomes members of the community to join the “peaceful” protest.

    On Monday morning, drummers will be located on both sides of Parliament House on the main road.

    At 10.45am, the proceedings will start when people start moving towards Parliament. Heather wants all protesters to bring along their New Zealand passports.

    Heather would like to remind people not to use dirty language at the protest — “auraka e autara viiviii, don’t bring your dirty laundry . . . ”

    First published by the Cook Islands News and republished with permission.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI China: AI technology widely adopted during Spring Festival events

    Source: China State Council Information Office 2

    During the 2025 Intangible Cultural Heritage Gala aired by China Media Group on Jan. 31, a pack of ten robot dogs leaped, spun and waved in perfect harmony to a traditional dance song, wowing audiences with their flawless moves.
    This electrifying performance soon ignited social media, where amazed netizens dubbed them “the most dedicated dance crew” and marveled at the stunning fusion of cultural heritage and futuristic technology.

    A robot dog and actors perform lion dance during a temple fair celebrating the Lantern Festival at Xihu District in Hangzhou, east China’s Zhejiang Province, Feb. 11, 2025. (Xinhua/Han Chuanhao)
    The dancing Lite3 models showcased during the gala belong to the agile intelligent robot dog series of Hangzhou-based firm DEEP Robotics. Capable of carrying 7.5 kg payloads with a 5 km operational range and 1.5-2 hours continuous motion, these robots can perform complex maneuvers including high jumps and front flips.
    “Our proprietary joint modules, control systems and advanced algorithms enable unprecedented motion capabilities,” said Lin Yi, the company’s R&D manager. Users can engage in more diverse exercise training and development based on intelligent algorithms such as deep learning and reinforcement learning.
    Notably, artificial intelligence (AI) is entering Chinese households like never before — seamlessly blending into both daily life and entertainment.
    Dressed in colorful jackets, a group of humanoid robots became a highlight of this year’s Spring Festival gala, broadcast on Chinese New Year’s Eve. The 16 robots danced the Yangko, a traditional folk dance, alongside human performers. After the show, a “robot grandmother” was gently escorted offstage by the dancers — and the moment quickly went viral on social media.
    With its vast knowledge, eloquent expression, boundless imagination and playful wit, DeepSeek has captivated people of all ages, making it the ultimate “chat companion.” “I felt powerful after having a good command of DeepSeek,” said a retiree surnamed Ma, who downloaded the open-resource tool following his son’s strong recommendation.
    Beyond the virtual world, AI is becoming an ever-present force in daily life, not only enhancing online interactions but also transforming real-world experiences with remarkable efficiency. Whether at temple fairs or tourist attractions, AI is increasingly integrating into people’s daily lives, replacing servers and trainers, making candy figurines, playing games, carrying heavy loads, delivering goods and even assisting climbers.
    This year’s Spring Festival has been a celebration of AI-driven surprises, with each innovation sparking excitement and wonder. Social media is buzzing with netizens sharing and recommending their favorite high-tech experiences, making this a unique futuristic Chinese New Year.
    “Wow! No more video calls for New Year greetings!” said a tech worker surnamed Li. He uploaded a photo to the Baidu App, entered prompts like “firecrackers on Mars” and “dragon dance on the Forbidden City rooftop,” and added a festive message. In just over a minute, AI created a unique digital greeting card, making the experience effortless and exciting.
    AI’s shift from niche to mainstream success is driven by two key factors — practical application and strong technology. The key to AI’s widespread adoption is the effective alignment of technological advancements with real-world needs, according to Baidu chairman and CEO Robin Li.
    The success of AI is measured not by lab-based computing power, but by its impact on everyday users. Advanced technologies must be integrated into everyday life, making them accessible to all, turning tools once limited to a few into resources for the many, Li said.
    China’s AI industry ecosystem covers key segments ranging from chips, algorithms, data and platforms to applications. Over 4,500 companies are involved, with the core industry reaching a scale of nearly 600 billion yuan (about 82.1 billion U.S. dollars). In the past year alone, 238 new generative AI products have been registered.
    The strong demand for large AI models is clearly reflected in the impressive growth numbers. On Feb. 2, DeepSeek topped app markets in 140 regions, with daily active users exceeding 30 million. By last November, Baidu’s ERNIE had reached over 1.5 billion daily calls, a 30-fold increase from the previous year, while ByteDance’s Doubao saw daily token usage rise 33-fold by December 2024 after its launch in May 2024.
    Omdia, a consultancy focused on the tech industry, forecasts that China’s generative AI market will achieve 5.5-fold growth over the next five years — totaling 9.8 billion U.S. dollars by 2029.
    Looking forward, the wave sparked by DeepSeek continues to gain momentum, rapidly expanding its “ecosystem” and further activating the AI industry chain. Major cloud service providers like Huawei Cloud, Tencent Cloud, Alibaba Cloud and Baidu AI Cloud have integrated DeepSeek’s large models into their platforms.

    MIL OSI China News

  • MIL-OSI United Nations: Deputy Secretary-General’s remarks to 2025 European Union Ambassadors Conference: “How the EU Can Better Leverage Its Unique Partnership with the UN System at the Country Level” [as prepared for delivery]

    Source: United Nations secretary general

    Excellencies,

    Ladies and gentlemen,

    I thank the High Representative for Foreign Affairs and Security Policy and Vice-President of the European Commission, Kaja Kallas for her invitation. It is a pleasure to be back following my participation in this conference in 2022.

    Let me begin by congratulating the new EU leadership and welcoming the EU Commissioners. Your leadership comes at a critical juncture, and I look forward to working closely with you to strengthen the vital and strong partnership between our institutions.
    Excellencies,

    There is no doubt that the world we face today is more complex and uncertain than when we last met in 2022.

    We are seeing that geopolitical tensions, economic uncertainty, and a growing climate crisis are reshaping our global landscape. We are seeing key global players redefining their foreign policy and adding uncertainty to what is already a highly volatile political and economic environment.

    A few years ago, who would have imagined the war in Ukraine? Yet here we are, still grappling with the aftermath.

    I hope that we will be able to restore peace and stability in Ukraine, returning to a state of security that transcends the borders that have been so deeply affected.  We must also recognise that the greatest impact of these conflicts is felt by the people— not just in Ukraine but also in Gaza, Sudan, and the Sahel— people who are desperately searching for hope.

    The human toll is immeasurable, and this pressure on humanitarian support—where the European Union has been a generous leader—only adds to the challenges we face in achieving our Sustainable Development Goals.

    Excellencies,
     When we adopted the 2030 Agenda in 2015, we had a vision, but today, with five years to go, the road to realising our SDGs has become much more difficult. However, this does not mean we should abandon these Goals. Quite the opposite – they are now more urgent than ever.

    When we look at the poverty agenda, the inclusion agenda, human rights, climate, and the need for stronger institutions to support these goals, it becomes clear that we must intensify our collective efforts.

     But to get there, we would need stronger, not weaker, international cooperation reinforced by leadership. In September, our Member States came together to adopt the Pact for the Future, reaffirming our commitment to the 2030 Agenda and highlighting four areas of shared concern.

    First, we must tackle the peace and security agenda, recognising the rapid pace of technological advancements and the importance of staying ahead.

    Second, there’s the matter of AI and quantum computing—fields where we are making strides and where we must establish clear guardrails and work collaboratively. The European Union has taken commendable steps in this area, and we value the leadership you’ve shown. We look forward to deepening this cooperation.

    Third, we must address the urgent need to reform the international financial architecture. Many developing countries are grappling with overwhelming debt burdens and limited fiscal space. The combination of rising interest rates—unexpected, partly due to the war in Ukraine—and the aftermath of COVID-19 has put these countries in a difficult position. They are often forced to choose between funding essential services like education or health and servicing their debt. This is not just about managing a crisis; it is about shifting the conversation toward investment—investing in people, the future, and resilience.

    While Official Development Assistance (ODA) is undeniably vital, we must ensure it is strengthened so that it can truly fulfil its promise. ODA alone won’t be enough to meet the scale of the challenges we face. That’s why we must also find innovative ways to harness domestic resources and create an environment that attracts private sector investment.
    As many countries prioritise industrialisation and the growth of small and medium-sized enterprises, it is crucial that we also create the conditions that allow these efforts to flourish. We need to ensure that there is a favourable environment for domestic resources to be better utilised and for private sector investment to flow in. This way, we are giving countries a fair chance at financing their own development and creating sustainable, long-term solutions that go beyond ODA alone.

    Last but certainly not least, the Pact for the Future calls upon us to consider the future generations that will inherit the world we shape today. It emphasises the importance of keeping climate action at the centre of our efforts. As we move forward, we must ensure that these future constituencies are included in the decisions we make now.

    Excellencies,
    The values that underpin our global stability – and on which the UN-EU partnership is rooted are under attack: solidarity, peace, justice, tolerance, human rights, and a rules-based international order.

    We see the EU as an indispensable partner in defending these values.

    As we look ahead to 2025, this is a crucial moment to reflect on the path ahead. What are the EU’s priorities, and how can it balance work within Europe while nurturing the global partnerships that contribute to a more stable Europe and a more peaceful world?

    These partnerships are fundamental, as they not only support Europe’s security and prosperity but also promote the shared values that we all hold dear. This aligns with our UN Charter, which calls for a future built on peace, dignity, and prosperity for all.

    Excellencies,
    The SDGs offer a valuable framework for engaging with our partners across sectors—civil society, government, academia, business, and beyond. Investing in the SDGs should not be viewed as a burden but as a strategic opportunity—one that will drive future markets, social cohesion, resilience, and security, not least for the European Union itself.

    Goals 7 to 15 represent critical areas where economic investments and equality must be prioritized. By addressing these, we unlock dividends for the first six SDGs—providing governments with the resources to fund critical programs such as social protection, education, health, and women’s empowerment.

    However, these goals also depend on robust partnerships and strong institutions. Investing in governance and institutions may take longer to yield results, but it is the foundation for lasting change. The work is difficult, but it is vital if we are to secure a future where no one is left behind.

    To make this a reality, we must find ways to accelerate action on the SDGs together. That is why we have invested in strengthening our strategic UN-EU partnership, not just at the global level but critically – in countries. 

    Over the past years, and with the impulse provided by the Joint Guidance that was shared with you and the UN Resident Coordinators in 2023. We have seen our partnership grow in scope and impact, yielding results in joint advocacy, policy, and programmatic collaboration.

    Together, we have engaged in significant reflection on how to sharpen our focus and ensure that our efforts on the ground deliver greater impact. The UN has established a strong presence, but should we aim for even greater coordination and coherence? Absolutely. We continue to strive for that, and with recent policy decisions by some of our larger donors, we need to leverage these efforts to accelerate action on the ground.

    This is a crucial moment for us to also focus on the regional level—how we can deploy from HQ to the regions and ensure that the countries most in need can come together. The UN has the expertise, but is it sufficient? Can we deliver at the scale and speed that development demands?

    Right now, the answer is no. We need more investment—investment that can drive real change. To do that, we need to work more effectively together with the EU, multilateral development banks, national development banks, and regional institutions so that we can all pull in the same direction. Only by working together can we achieve the progress we need.

    Excellencies,
    In Guatemala, we jointly support the national digital transformation agenda, leveraging the joint SDG Fund digital track—where the EU is the most significant contributor—to scale up innovation and modernize public services.

    In Ghana, our focus is similar, with a special emphasis on empowering women and young people through digital transformation.

    In Bosnia and Herzegovina, joint UN-EU teams are tackling shared priorities, from energy and green transition to digital transformation, human rights, and gender equality. And we are enhancing our programmatic and policy collaboration.

    In Nepal, the focus is on climate resilience, where the melting glaciers are a stark reminder of the climate challenges we face.

    In Zambia, we are focusing on human rights, governance, and emergency response—especially in the wake of climate-related events.

    These are just a few examples of our growing cooperation at the country level. New areas for collaboration are being identified, and we are looking to scale up the work already being done. For example, in the context of food systems and investments, we are identifying synergies that can create a multiplier effect.

    We know that issues like food systems are as important to Europe as they are to Africa, Asia, and SIDS. We are looking at enhancing connectivity and energy access, particularly for small and medium-sized enterprises. This will help empower women, young people, and the agricultural sector by ensuring that businesses can access energy and financial services.
    Trade also plays a key role in this. By improving connectivity and access to e-commerce, we can help women and young people thrive economically. The intersection between education, technology, and the climate agenda is crucial for transforming societies.

    The Global Gateway Strategy and EU priorities, such as infrastructure investments, are vital in this regard. We must ensure we’re better aligned and able to deliver scalable, impactful change. The example of the M300 project, which aims to connect 300 million people to power in Africa, shows great promise—but we need to ensure that these connections are linked with other investments to amplify their impact.

    Excellencies,
    With UN Resident Coordinators and EU Ambassadors in 122 countries where we share presence in partner countries, we can achieve significant development impact that speaks to the ambition of the 2030 Agenda.

    You lead Teams Europe, while our Resident Coordinators steer the UN country teams. Each is making a difference. But by working together, we can aim for large-scale transformation.
    In most countries, we are already consulting each other on the development of our respective country strategies. But we see scope to expand opportunities for you and Resident Coordinators to co-lead regular strategic dialogues that enable the advancement of shared priorities and investment pathways to accelerate the implementation of the SDGs.

    Such pathways – or transitions – range from increasing energy access to transforming food systems, to advancing decent jobs, social protection, health and education, to expanding digital connectivity, to tackling the triple planetary crisis of climate change, biodiversity loss and pollution.

    Excellencies,
    Our institutions are transforming rapidly.

    Just as the EU is reshaping its development cooperation approach, including through the Global Gateway Strategy and the Team Europe approach, the UN development system is also enhancing its impact, coherence and efficiency.

    The UN development system reform spearheaded by the Secretary-General is bearing fruit. The feedback received from developing countries on how the UN is responding to their development needs is very clear.

     In 2023, 96 percent of host governments said that UN teams on the ground are effectively responding to national priorities for SDG delivery. And 92 percent of host governments said that UN Resident Coordinators effectively lead the delivery of strategic support for national plans and priorities, compared to 79 percent in 2019.

    By leveraging our respective expertise and capacities, we can maximise synergies between Global Gateway priorities and the key transitions required for SDG acceleration.
    In complex settings, your leadership, alongside that of the Resident Coordinators, is equally critical to strengthening the coherence between humanitarian, development and peacebuilding action to enable early development investments and to help countries return to a development path.

    Together, we can promote development partners’ coordination mechanisms that are adapted to the country’s context and enable alignment of development investments with national priorities and the SDGs.

    By leveraging our respective convening power, we can scale up collaboration with governments and the national financing ecosystems, as well as International Financing Institutions and multilateral development banks – using existing tools such as the Integrated National Financing Frameworks.

    By challenging business as usual, beyond siloed or project-based models, we can — and we must— develop multistakeholder platforms for innovative financing and policy support.

    Excellencies,
    The challenges are immense but not insurmountable.

    Our strong partnership with the EU gives me hope.

    By strengthening our partnership even further, we can turn the Pact for the Future’s ambition for the SDGs into concrete, life-changing results across the globe.

    But the time for acceleration is now.

    Let us act boldly for a more equitable, resilient, and sustainable future where no one is left behind.

    Thank you.

    .

    .
     

    MIL OSI United Nations News

  • MIL-OSI: Precision Drilling Announces 2024 Fourth Quarter and Year End Unaudited Financial Results

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Feb. 12, 2025 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This news release contains references to certain Financial Measures and Ratios, including Adjusted EBITDA (earnings before income taxes, gain on acquisition, loss on investments and other assets, gain on repurchase of unsecured senior notes, finance charges, foreign exchange, loss on asset decommissioning, gain on asset disposals and depreciation and amortization), Funds Provided by (Used in) Operations, Net Capital Spending, Working Capital and Total Long-term Financial Liabilities. These terms do not have standardized meanings prescribed under International Financial Reporting Standards (IFRS) and may not be comparable to similar measures used by other companies. See “Financial Measures and Ratios” later in this news release.

    Financial Highlights and 2025 Capital Allocation Plans

    • Revenue in the fourth quarter was $468 million, an 8% decrease from 2023 as activity increases in Canadian drilling, well servicing, and international were more than offset by lower activity and day rates in the U.S.
    • Adjusted EBITDA(1) was $121 million in the quarter and included $15 million of share-based compensation charges, $4 million for rig reactivation costs and $4 million of non-recurring charges. In 2023, fourth quarter Adjusted EBITDA was $151 million and included share-based compensation charges of $13 million.
    • Net earnings attributable to shareholders was $15 million or $1.06 per share in the fourth quarter compared to $147 million or $10.42 per share as net earnings in 2023 included an income tax recovery of $69 million and a gain on acquisition of $26 million.
    • In 2024, we invested $217 million into our fleet and infrastructure, including multiple contracted rig upgrades and the strategic purchase of drill pipe for use in 2025. We expect to invest $225 million into our fleet and infrastructure in 2025, which may fluctuate with activity levels and customer contract upgrade opportunities.
    • For the year ended December 31, 2024, we achieved our annual debt reduction and return of shareholder capital targets, reducing debt by $176 million and repurchasing $75 million of common shares while building cash by $20 million. Precision has consistently met or exceeded its capital allocation goals since implementation in 2016.
    • For 2025, we expect to reduce debt by at least $100 million in 2025 and have increased our long-term debt reduction target to $700 million and extended our debt reduction period to 2027. In 2025, we plan to increase direct shareholder returns to 35% to 45% of free cash flow, before debt repayments. To the extent excess cash is generated these allocations may be increased.

    Operational Highlights

    • Demand for our services continues to be strong and in 2024 our Canadian and international drilling rig utilization days increased 12% and 37%, respectively, while our well servicing rig operating hours increased 26% over 2023.
    • In the fourth quarter, Canada’s activity averaged 65 active drilling rigs versus 64 in the same quarter last year. Our Super Triple and Super Single rigs remain in high demand and are nearly fully utilized. Canadian revenue per utilization day was $35,675, up from $34,616 in the fourth quarter of 2023.
    • Our U.S. activity has remained relatively consistent since mid-2024. We averaged 34 drilling rigs in the fourth quarter with revenue per utilization day of US$30,991 versus 45 drilling rigs at US$34,452 in 2023’s fourth quarter.
    • International activity increased 6% over the same period last year while revenue per utilization day was US$49,636 compared to US$49,872 in the fourth quarter of 2023.
    • Service rig operating hours in the fourth quarter totaled 59,834, representing a 6% increase over the same quarter last year partially driven by the CWC Energy Services Corp. (CWC) acquisition in November of 2023.

    (1) See “FINANCIAL MEASURES AND RATIOS.”

    MANAGEMENT COMMENTARY

    “Through 2024 Precision demonstrated remarkable market resilience despite weaker than expected U.S. customer demand and late year customer budget exhaustion in Canada. We continued our long-term record of meeting or exceeding our capital allocation targets every year since 2016 with $176 million of debt reduction, $75 million of share buybacks, while increasing our cash balance by $20 million. In the fourth quarter, approximately $8 million of reactivation costs and non-recurring items impacted our financial results, along with slightly lower than expected Canadian customer demand. Despite these fourth quarter headwinds we continued investing in our core business lines, including purchasing approximately $18 million of drill pipe in advance of potential tariffs, investing $3 million to begin reactivating two idle Canadian Super Single rigs to meet demand in 2025, and upgrading one rig for Canadian heavy oil pad drilling opportunities.

    “The outlook for Canada remains very strong given robust heavy oil activity following the startup of the Trans Mountain pipeline expansion in May 2024 and the imminent startup of LNG Canada in mid-2025. My enthusiasm is further underpinned by the pace of rig reactivations following the seasonal Christmas break and the stable winter activity we have experienced to date with 81 rigs working since mid-January. The uncertainty introduced by potential U.S. tariffs on Canadian oil and gas exports, has been tempered and we have not experienced any change in customer demand or their longer-term capital spending plans.

    “In Canada, our drilling utilization days increased 12% over 2023 and our Super Triple and Super Single rigs, which represent approximately 80% of our Canadian fleet, are nearly fully utilized. Demand for our Super Triple fleet, which is the preferred rig for Montney drilling, is driven by robust condensate fundamentals and the startup of LNG Canada this year. Demand for our Super Single fleet is driven by increased activity in heavy oil targeted areas as customers are benefiting from improved commodity pricing, following the startup of Trans Mountain, and a softening Canadian dollar.

    “Internationally, our drilling utilization days increased 37% in 2024 following the recertification and reactivation of four rigs in 2023. In 2024, we had eight rigs working on term contracts, five in Kuwait and three in the Kingdom of Saudi Arabia. The majority of these rigs are under five-year term contracts that extend into 2027 and 2028, providing predictable cash flow for the next few years.

    “In our Completion and Production Services business, our well servicing operating hours increased 26% over 2023 levels following the successful integration of CWC, where we achieved significant operating synergies. Our Completion and Production Services Adjusted EBITDA increased 30% year over year, which was slightly below our expectation due to late year customer budget exhaustion impacting our activity and rental business. I am very pleased with how we have transformed our Completion and Production Services business with two strategic tuck-in acquisitions. The High Arctic and CWC acquisitions more than doubled our Completion and Production revenue and Adjusted EBITDA since 2021 and solidified Precision as the premier well service provider in Canada.

    “During the year, Precision generated $482 million of cash provided by operations, allowing us to meet our capital return targets and invest $217 million into our fleet and infrastructure, which included multiple drilling rig upgrades and the strategic purchase of drill pipe for use in 2025. We expect to invest approximately $225 million in 2025, which reflects a weaker Canadian dollar and includes expected customer funded upgrades across our North American operations, including approximately $30 million in US fleet upgrades for customers targeting extended reach laterals.

    “With sustained free cash flow as a key differentiator of our business, we remain focused on reducing debt and increasing direct returns to shareholders. In 2025, we expect to reduce debt by at least $100 million, reinforcing our commitment to achieving a sustained Net Debt to Adjusted EBITDA ratio(1) of below 1.0 times. As we continue to realize the benefits of lower debt levels, we have increased our long-term debt reduction target by $100 million to $700 million and extended the debt reduction period by one year to 2027. In 2025, our goal is to increase our direct capital returns to shareholders by allocating 35% to 45% of free cash flow, before debt repayments, while continuing to move towards 50% of free cash flow thereafter, with excess cash potentially used to increase these allocations.

    “I would like to thank our employees for their dedication and commitment to serving our customers, and our shareholders for their continued support. With positive long-term fundamentals associated with global oil and natural gas demand and particularly the unique fundamentals driving drilling activity in our core geographic markets, I am confident we will continue to drive shareholder value,” concluded Mr. Neveu.

    (1) See “FINANCIAL MEASURES AND RATIOS.”

    SELECT FINANCIAL AND OPERATING INFORMATION
    Financial Highlights

      For the three months ended
    December 31,
        For the year ended
    December 31,
     
    (Stated in thousands of Canadian dollars, except per share amounts)   2024       2023     % Change       2024       2023     % Change  
    Revenue   468,171       506,871       (7.6 )     1,902,328       1,937,854       (1.8 )
    Adjusted EBITDA(1)   120,526       151,231       (20.3 )     521,221       611,118       (14.7 )
    Net earnings   14,930       146,722       (89.8 )     111,330       289,244       (61.5 )
    Net earnings attributable to shareholders   14,795       146,722       (89.9 )     111,195       289,244       (61.6 )
    Cash provided by operations   162,791       170,255       (4.4 )     482,083       500,571       (3.7 )
    Funds provided by operations(1)   120,535       145,189       (17.0 )     463,372       533,409       (13.1 )
                                       
    Cash used in investing activities   61,954       57,627       7.5       202,986       214,784       (5.5 )
    Capital spending by spend category(1)                                  
    Expansion and upgrade   21,565       24,459       (11.8 )     52,066       63,898       (18.5 )
    Maintenance and infrastructure   37,335       54,388       (31.4 )     164,632       162,851       1.1  
    Proceeds on sale   (8,570 )     (3,117 )     174.9       (30,395 )     (23,841 )     27.5  
    Net capital spending(1)   50,330       75,730       (33.5 )     186,303       202,908       (8.2 )
                                       
    Net earnings attributable to shareholders per share:                                  
    Basic   1.06       10.42       (89.8 )     7.81       21.03       (62.8 )
    Diluted   1.06       9.81       (89.2 )     7.81       19.53       (60.0 )
    Weighted average shares outstanding:                                  
    Basic   13,982       14,084       (0.7 )     14,229       13,754       3.5  
    Diluted   13,987       15,509       (9.8 )     14,234       15,287       (6.9 )

    (1) See “FINANCIAL MEASURES AND RATIOS.”
    Operating Highlights

      For the three months ended
    December 31,
        For the year ended
    December 31,
     
      2024     2023     % Change     2024     2023     % Change  
    Contract drilling rig fleet   214       214             214       214        
    Drilling rig utilization days:                                  
    U.S.   3,084       4,138       (25.5 )     12,969       17,961       (27.8 )
    Canada   6,018       5,909       1.8       23,685       21,156       12.0  
    International   736       693       6.2       2,928       2,132       37.3  
    Revenue per utilization day:                                  
    U.S. (US$)   30,991       34,452       (10.0 )     32,531       35,040       (7.2 )
    Canada (Cdn$)   35,675       34,616       3.1       34,797       33,151       5.0  
    International (US$)   49,636       49,872       (0.5 )     51,227       50,840       0.8  
    Operating costs per utilization day:                                  
    U.S. (US$)   21,698       21,039       3.1       22,009       20,401       7.9  
    Canada (Cdn$)   21,116       19,191       10.0       20,424       19,225       6.2  
                                       
    Service rig fleet   170       183       (7.1 )     170       183       (7.1 )
    Service rig operating hours   59,834       56,683       5.6       254,224       201,627       26.1  

    Drilling Activity

      Average for the quarter ended 2023   Average for the quarter ended 2024  
      Mar. 31     June 30     Sept. 30     Dec. 31     Mar. 31     June 30     Sept. 30     Dec. 31  
    Average Precision active rig count(1):                                              
    U.S.   60       51       41       45       38       36       35       34  
    Canada   69       42       57       64       73       49       72       65  
    International   5       5       6       8       8       8       8       8  
    Total   134       98       104       117       119       93       115       107  

    (1) Average number of drilling rigs working or moving. 

    Financial Position

    (Stated in thousands of Canadian dollars, except ratios) December 31, 2024     December 31, 2023(2)  
    Working capital(1)   162,592       136,872  
    Cash   73,771       54,182  
    Long-term debt   812,469       914,830  
    Total long-term financial liabilities(1)   888,173       995,849  
    Total assets   2,956,315       3,019,035  
    Long-term debt to long-term debt plus equity ratio (1)   0.33       0.37  

    (1) See “FINANCIAL MEASURES AND RATIOS.”
    (2) Comparative period figures were restated due to a change in accounting policy. See “CHANGE IN ACCOUNTING POLICY.”

    Summary for the three months ended December 31, 2024:

    • Revenue decreased to $468 million compared with $507 million in the fourth quarter of 2023 as a result of lower U.S. activity and day rates, partially offset by higher Canadian and international activity.
    • Adjusted EBITDA was $121 million in the quarter and included $15 million of share-based compensation charges, $4 million for rig reactivation costs and $4 million of non-recurring charges. In 2023, fourth quarter Adjusted EBITDA was $151 million and included share-based compensation of $13 million. Please refer to “Other Items” later in this news release for additional information on share-based compensation charges.
    • Adjusted EBITDA as a percentage of revenue was 26% as compared with 30% in 2023.
    • Net earnings attributable to shareholders was $15 million compared to $147 million in the same quarter last year as net earnings in 2023 included an income tax recovery of $69 million and a gain on acquisition of $26 million.
    • Generated cash provided by operations of $163 million, reduced debt by $25 million through the partial redemption of our 2026 unsecured senior notes and repayment of our U.S. Real Estate Credit Facility, repurchased $25 million of common shares under our Normal Course Issuer Bid (NCIB), and ended the quarter with $74 million of cash and more than $575 million of available liquidity.
    • U.S. revenue per utilization day, excluding the impact of idle but contracted rigs was US$30,813 compared with US$32,819 in 2023, a decrease of 6%. Sequentially, revenue per utilization day, excluding idle but contracted rigs, was down 6% compared with the third quarter of 2024. Fourth quarter U.S. revenue per utilization day was US$30,991 compared with US$34,452 in 2023. The decrease was primarily the result of lower fleet average day rates, idle but contracted rig revenue and recoverable costs. We recognized US$1 million of revenue from idle but contracted rigs in the quarter as compared with US$7 million in 2023.
    • U.S. operating costs per utilization day increased to US$21,698 compared with US$21,039 in 2023. The increase was mainly due to higher rig operating costs and fixed costs spread over lower activity, offset by lower recoverable costs and repairs and maintenance. Sequentially, operating costs per utilization day were down 2% due to lower recoverable costs.
    • Canadian revenue per utilization day was $35,675, an increase from the $34,616 realized in 2023 due to higher average day rates and recoverable costs. Sequentially, revenue per utilization day increased $3,350 due to higher boiler revenue and higher fleet-wide average day rates.
    • Canadian operating costs per utilization day increased to $21,116, compared with $19,191 in 2023, resulting from higher repairs and maintenance, rig reactivation costs and impact of labour rate increases. Sequentially, daily operating costs increased $1,668 and were the result of higher labour expenses due to rate increases, recoverable expenses and repairs and maintenance.
    • Internationally, fourth quarter revenue increased 6% from 2023 as we realized revenue of US$37 million versus US$35 million in the prior year. Our higher revenue was primarily the result of a 6% increase in activity, which was negatively impacted by a planned rig recertification accounting for 21 non-billable utilization days in October. International revenue per utilization day was US$49,636 compared with US$49,872 in 2023.
    • Completion and Production Services revenue was $69 million, an increase of $6 million from 2023, as our fourth quarter service rig operating hours increased 6%, reflecting the successful integration of the CWC acquisition in November 2023.
    • General and administrative expenses were $35 million as compared with $39 million in 2023 primarily due to lower non-recurring costs associated with our CWC acquisition in 2023, partially offset by higher share-based compensation charges.
    • Net finance charges were $16 million, a decrease of $3 million compared with 2023 as a result of lower interest expense on our outstanding debt balance.
    • Capital expenditures were $59 million compared with $79 million in 2023 and by spend category included $22 million for expansion and upgrades and $37 million for the maintenance of existing assets, infrastructure, and intangible assets.
    • Income tax expense for the quarter was $6 million as compared with a recovery of $69 million in 2023. During the fourth quarter, we continue to not recognize deferred tax assets on certain international operating losses.

    Summary for the year ended December 31, 2024:

    • Revenue for the year was $1,902 million, comparable with 2023.
    • Adjusted EBITDA was $521 million as compared with $611 million in 2023. Our lower Adjusted EBITDA was primarily attributed to decreased U.S. drilling results and $13 million of higher share-based compensation, partially offset by the strengthening of Canadian and international results.
    • Net earnings attributable to shareholders was $111 million compared to $289 million in the prior year. Our lower current year net earnings was due to the impact of decreased U.S. drilling results, higher income tax expense of $67 million and the gain on acquisition of $26 million recognized in 2023.
    • Cash provided by operations was $482 million as compared with $501 million in 2023. Funds provided by operations were $463 million, a decrease of $70 million from the comparative period.
    • General and administrative costs were $132 million, an increase of $10 million from 2023 primarily due to higher share-based compensation charges.
    • Net finance charges were $70 million, $14 million lower than 2023 due to our lower interest expense on our outstanding debt balance.
    • Capital expenditures were $217 million in 2024, a decrease of $10 million from 2023. Capital spending by spend category included $52 million for expansion and upgrades and $165 million for the maintenance of existing assets, infrastructure, and intangible assets.
    • Reduced debt by $176 million from the partial redemption of our 2026 unsecured senior notes and repayment of our Canadian and U.S. Real Estate Credit Facilities.
    • Repurchased $75 million of common shares under our NCIB.

    STRATEGY

    Precision’s vision is to be globally recognized as the High Performance, High Value provider of land drilling services. We work toward this vision by defining and measuring our results against strategic priorities that we establish at the beginning of every year.

    Below we summarize the results of our 2024 strategic priorities:

    1. Concentrate organizational efforts on leveraging our scale and generating free cash flow.
      • Generated cash provided from operations of $482 million, allowing us to meet our debt reduction and share repurchase goals and build our cash balance by $20 million.
      • Increased utilization of our Super Single and tele double rigs, driving Canadian drilling activity up 12% over 2023.
      • Successfully integrated our 2023 CWC acquisition, increasing Completion and Production Services operating hours and Adjusted EBITDA 26% and 30%, respectively, year over year. Achieved our $20 million annual synergies target from the acquisition.
      • Internationally, increased our activity 37% year over year and realized US$150 million of contract drilling revenue compared to US$108 million in 2023.
    2. Reduce debt by between $150 million and $200 million and allocate 25% to 35% of free cash flow before debt repayments for share repurchases.
      • Reduced debt by $176 million and ended the year with a Net Debt to Adjusted EBITDA ratio of approximately 1.4 times. On track to achieve a sustained Net Debt to Adjusted EBITDA ratio of below 1.0 times.
      • Returned $75 million to shareholders through share repurchases, achieving the midpoint of our target range.
      • Renewed our NCIB in September, allowing repurchases of up to 10% of the public float.
    3. Continue to deliver operational excellence in drilling and service rig operations to strengthen our competitive position and extend market penetration of our AlphaTMand EverGreenTMproducts.
      • Increased our Canadian drilling rig utilization days and well service rig operating hours year over year, maintaining our position as the leading provider of high-quality and reliable services in Canada.
      • Invested $52 million in expansion and upgrade capital to enhance our drilling rigs.
      • Nearly doubled our EverGreenTM revenue year over year.
      • Continued to expand our EverGreenTM product offering on our Super Single rigs with LED mast lighting and hydrogen injection systems.

    2025 Strategic Priorities

    1. Maximize free cash flow through disciplined capital deployment and strict cost management.
    2. Enhance shareholder returns through debt reduction and share repurchases.
      1. Reduce debt by at least $100 million in 2025 and debt by $700 million between 2022 and 2027, while remaining committed to achieving a sustained Net Debt to Adjusted EBITDA ratio of below 1.0 times.
      2. Allocate 35% to 45% of free cash flow, before debt repayments, directly to shareholders and continue moving direct shareholder capital returns toward 50% of free cash flow thereafter.
      3. Grow revenue in existing service lines through contracted upgrades, optimized pricing and utilization, and opportunistic consolidating tuck-in acquisitions.
      4. OUTLOOK

        The long-term outlook for global energy demand remains positive with rising demand for all types of energy including oil and natural gas driven by economic growth, increasing demand from third-world regions, and emerging energy sources of power demand. Oil prices are constructive as OPEC+ continues to honour its production quotas, producers remain committed to returning capital to shareholders versus increasing production, and geopolitical issues continue to threaten supply. In Canada, the Trans Mountain pipeline expansion, which became operational in May of 2024, combined with the imminent startup of LNG Canada are projected to provide significant tidewater access for Canadian crude oil and natural gas, supporting additional Canadian drilling activity. In the U.S., the next wave of Liquefied Natural Gas (LNG) export terminals is expected to add approximately 11 bcf/d of export capacity from 2025 to 2028, supporting additional U.S. natural gas drilling activity. Coal retirements and a build-out of artificial intelligence data centers could provide further support for natural gas drilling.

        Our Canadian drilling activity continues to be robust in 2025 and we currently have 81 rigs operating and expect this activity level to continue until spring breakup. Our Super Single fleet is near full utilization as heavy oil customers are benefiting from improved commodity pricing and a weak Canadian dollar. Our Super Triple fleet, the preferred rig for Montney drilling, is also nearly fully utilized, and with the expected startup of LNG Canada in mid-2025, rig demand could exceed supply. Overall, we expect our Canadian drilling activity to be up year over year with near full utilization of our Super Series rigs, which should support day rates and increase demand for term contracts as customers secure rigs to ensure fulfillment of their development programs. The uncertainty introduced by potential U.S. tariffs on Canadian oil and gas exports, has been tempered and we have not experienced any change in customer demand or their longer-term plans.

        In the U.S., we currently have 34 rigs earning revenue, which has been relatively consistent since mid-2024. Drilling activity growth remains constrained as producers continue to focus on shareholder returns rather than growth, while volatile commodity prices, customer consolidation, and drilling and completion efficiencies have restricted activity growth. If commodity prices remain stable and around today’s level, we expect drilling demand to begin to improve in the second half and gain momentum through the remainder of 2025 as new LNG export capacity is added and customers seek to maintain or possibly increase production levels.

        Internationally, we have eight rigs working on term contracts, five in Kuwait and three in the Kingdom of Saudi Arabia. The majority of these rigs are under five-year term contracts that extend into 2027 and 2028, providing predictable cash flow for the next few years. We continue to bid our remaining idle rigs within the region and remain optimistic in our ability to secure rig reactivations.

        As the premier well service provider in Canada, the outlook for this business remains positive. We expect the Trans Mountain pipeline expansion and LNG Canada to drive more service-related activity, while increased regulatory spending requirements are expected to result in more abandonment work. Customer demand should remain strong, and with continued labour constraints, we expect firm pricing into the foreseeable future.

        Contracts

        The following chart outlines the average number of drilling rigs under term contract by quarter as at February 12, 2025. For those quarters ending after December 31, 2024, this chart represents the minimum number of term contracts from which we will earn revenue. We expect the actual number of contracted rigs to vary in future periods as we sign additional term contracts.

        As at February 12, 2025   Average for the quarter ended 2024     Average     Average for the quarter ended 2025     Average  
            Mar. 31     June 30     Sept. 30     Dec. 31     2024     Mar. 31     June 30     Sept. 30     Dec. 31     2025  
        Average rigs under term contract:                                                            
        U.S.     20       17       17       16       18       15       13       8       6       11  
        Canada     24       22       23       23       23       20       19       18       14       18  
        International     8       8       8       8       8       8       8       7       7       8  
        Total     52       47       48       47       49       43       40       33       27       37  


        SEGMENTED FINANCIAL RESULTS

        Precision’s operations are reported in two segments: Contract Drilling Services, which includes our drilling rig, oilfield supply and manufacturing divisions; and Completion and Production Services, which includes our service rig, rental and camp and catering divisions.

          For the three months ended December 31,     For the year ended December 31,  
        (Stated in thousands of Canadian dollars)   2024     2023     % Change       2024     2023     % Change  
        Revenue:                                  
        Contract Drilling Services   402,610       446,503       (9.8 )     1,617,735       1,704,265       (5.1 )
        Completion and Production Services   68,830       62,459       10.2       294,817       240,716       22.5  
        Inter-segment eliminations   (3,269 )     (2,091 )     56.3       (10,224 )     (7,127 )     43.5  
            468,171       506,871       (7.6 )     1,902,328       1,937,854       (1.8 )
        Adjusted EBITDA:(1)                                  
        Contract Drilling Services   125,683       162,459       (22.6 )     532,345       630,761       (15.6 )
        Completion and Production Services   15,895       12,193       30.4       66,681       51,224       30.2  
        Corporate and Other   (21,052 )     (23,421 )     (10.1 )     (77,805 )     (70,867 )     9.8  
            120,526       151,231       (20.3 )     521,221       611,118       (14.7 )

        (1) See “FINANCIAL MEASURES AND RATIOS.”

        SEGMENT REVIEW OF CONTRACT DRILLING SERVICES

          For the three months ended
        December 31,
            For the year ended
        December 31,
         
        (Stated in thousands of Canadian dollars, except where noted)   2024       2023     % Change       2024       2023     % Change  
        Revenue   402,610       446,503       (9.8 )     1,617,735       1,704,265       (5.1 )
        Expenses:                                  
        Operating   264,858       270,303       (2.0 )     1,041,068       1,030,053       1.1  
        General and administrative   12,069       13,741       (12.2 )     44,322       43,451       2.0  
        Adjusted EBITDA(1)   125,683       162,459       (22.6 )     532,345       630,761       (15.6 )
        Adjusted EBITDA as a percentage of revenue(1)   31.2 %     36.4 %           32.9 %     37.0 %      

        (1) See “FINANCIAL MEASURES AND RATIOS.”

        United States onshore drilling statistics:(1) 2024     2023  
          Precision     Industry(2)     Precision     Industry(2)  
        Average number of active land rigs for quarters ended:                      
        March 31   38       602       60       744  
        June 30   36       583       51       700  
        September 30   35       565       41       631  
        December 31   34       569       45       603  
        Year to date average   36       580       49       670  

        (1) United States lower 48 operations only.
        (2) Baker Hughes rig counts.

        Canadian onshore drilling statistics:(1) 2024     2023  
          Precision     Industry(2)     Precision     Industry(2)  
        Average number of active land rigs for quarters ended:                      
        March 31   73       208       69       221  
        June 30   49       134       42       117  
        September 30   72       207       57       188  
        December 31   65       194       64       181  
        Year to date average   65       186       58       177  

        (1) Canadian operations only.
        (2) Baker Hughes rig counts.

        SEGMENT REVIEW OF COMPLETION AND PRODUCTION SERVICES

          For the three months ended
        December 31,
            For the year ended
        December 31,
         
        (Stated in thousands of Canadian dollars, except where noted)   2024       2023     % Change       2024       2023      % Change  
        Revenue   68,830       62,459       10.2       294,817       240,716       22.5  
        Expenses:                                  
        Operating   50,714       48,297       5.0       217,842       181,622       19.9  
        General and administrative   2,221       1,969       12.8       10,294       7,870       30.8  
        Adjusted EBITDA(1)   15,895       12,193       30.4       66,681       51,224       30.2  
        Adjusted EBITDA as a percentage of revenue(1)   23.1 %     19.5 %           22.6 %     21.3 %      
        Well servicing statistics:                                  
        Number of service rigs (end of period)   170       183       (7.1 )     170       183       (7.1 )
        Service rig operating hours   59,834       56,683       5.6       254,224       201,627       26.1  
        Service rig operating hour utilization   38 %     38 %           42 %     42 %      

        (1) See “FINANCIAL MEASURES AND RATIOS.”

        OTHER ITEMS

        Share-based Incentive Compensation Plans

        We have several cash and equity-settled share-based incentive plans for non-management directors, officers, and other eligible employees. Our accounting policies for each share-based incentive plan can be found in our 2023 Annual Report.

        A summary of expense amounts under these plans during the reporting periods are as follows:

          For the three months ended
        December 31,
            For the year ended
        December 31,
         
        (Stated in thousands of Canadian dollars) 2024     2023     2024     2023  
        Cash settled share-based incentive plans   14,018       11,972       42,828       32,063  
        Equity settled share-based incentive plans   1,071       697       4,588       2,531  
        Total share-based incentive compensation plan expense   15,089       12,669       47,416       34,594  
                               
        Allocated:                      
        Operating   3,709       2,765       11,868       9,497  
        General and Administrative   11,380       9,904       35,548       25,097  
            15,089       12,669       47,416       34,594  


        FINANCIAL MEASURES AND RATIOS

        Non-GAAP Financial Measures
        We reference certain Non-Generally Accepted Accounting Principles (Non-GAAP) measures that are not defined terms under IFRS to assess performance because we believe they provide useful supplemental information to investors.
        Adjusted EBITDA We believe Adjusted EBITDA (earnings before income taxes, gain on acquisition, loss on investments and other assets, gain on repurchase of unsecured senior notes, finance charges, foreign exchange, loss on asset decommissioning, gain on asset disposals and depreciation and amortization), as reported in our Condensed Interim Consolidated Statements of Net Earnings and our reportable operating segment disclosures, is a useful measure because it gives an indication of the results from our principal business activities prior to consideration of how our activities are financed and the impact of foreign exchange, taxation and depreciation and amortization charges.

        The most directly comparable financial measure is net earnings.

          For the three months ended
        December 31,
            For the year ended
        December 31,
         
        (Stated in thousands of Canadian dollars)   2024       2023       2024       2023  
        Adjusted EBITDA by segment:                      
        Contract Drilling Services   125,683       162,459       532,345       630,761  
        Completion and Production Services   15,895       12,193       66,681       51,224  
        Corporate and Other   (21,052 )     (23,421 )     (77,805 )     (70,867 )
        Adjusted EBITDA   120,526       151,231       521,221       611,118  
        Depreciation and amortization   82,210       78,734       309,314       297,557  
        Gain on asset disposals   (1,913 )     (8,883 )     (16,148 )     (24,469 )
        Loss on asset decommissioning         9,592             9,592  
        Foreign exchange   1,487       (773 )     2,259       (1,667 )
        Finance charges   16,281       19,468       69,753       83,414  
        Gain on repurchase of unsecured notes                     (137 )
        Loss on investments and other assets   1,814       735       1,484       6,810  
        Gain on acquisition         (25,761 )           (25,761 )
        Incomes taxes   5,717       (68,603 )     43,229       (23,465 )
        Net earnings   14,930       146,722       111,330       289,244  
        Non-controlling interests   135             135        
        Net earnings attributable to shareholders   14,795       146,722       111,195       289,244  
               
        Funds Provided by (Used in) Operations     We believe funds provided by (used in) operations, as reported in our Condensed Interim Consolidated Statements of Cash Flows, is a useful measure because it provides an indication of the funds our principal business activities generate prior to consideration of working capital changes, which is primarily made up of highly liquid balances.

        The most directly comparable financial measure is cash provided by (used in) operations.

               
        Net Capital Spending     We believe net capital spending is a useful measure as it provides an indication of our primary investment activities.

        The most directly comparable financial measure is cash provided by (used in) investing activities.

        Net capital spending is calculated as follows:

            For the three months ended
        December 31,
            For the year ended
        December 31,
         
        (Stated in thousands of Canadian dollars)     2024       2023       2024       2023  
        Capital spending by spend category                        
        Expansion and upgrade     21,565       24,459       52,066       63,898  
        Maintenance, infrastructure and intangibles     37,335       54,388       164,632       162,851  
              58,900       78,847       216,698       226,749  
        Proceeds on sale of property, plant and equipment     (8,570 )     (3,117 )     (30,395 )     (23,841 )
        Net capital spending     50,330       75,730       186,303       202,908  
        Business acquisitions           646             28,646  
        Proceeds from sale of investments and other assets                 (3,623 )     (10,013 )
        Purchase of investments and other assets     718       61       725       5,343  
        Receipt of finance lease payments     (208 )     (191 )     (799 )     (255 )
        Changes in non-cash working capital balances     11,114       (18,619 )     20,380       (11,845 )
        Cash used in investing activities     61,954       57,627       202,986       214,784  
        Working Capital We define working capital as current assets less current liabilities, as reported in our Condensed Interim Consolidated Statements of Financial Position.

        Working capital is calculated as follows:

          December 31,     December 31,  
        (Stated in thousands of Canadian dollars)   2024       2023  
        Current assets   501,284       510,881  
        Current liabilities   338,692       374,009  
        Working capital   162,592       136,872  
        Total Long-term Financial Liabilities We define total long-term financial liabilities as total non-current liabilities less deferred tax liabilities, as reported in our Condensed Interim Consolidated Statements of Financial Position.

        Total long-term financial liabilities is calculated as follows:

          December 31,     December 31,  
        (Stated in thousands of Canadian dollars)   2024       2023  
        Total non-current liabilities   935,624       1,069,364  
        Deferred tax liabilities   47,451       73,515  
        Total long-term financial liabilities   888,173       995,849  
        Non-GAAP Ratios
        We reference certain additional Non-GAAP ratios that are not defined terms under IFRS to assess performance because we believe they provide useful supplemental information to investors.
               
        Adjusted EBITDA % of Revenue     We believe Adjusted EBITDA as a percentage of consolidated revenue, as reported in our Condensed Interim Consolidated Statements of Net Earnings, provides an indication of our profitability from our principal business activities prior to consideration of how our activities are financed and the impact of foreign exchange, taxation and depreciation and amortization charges.
               
        Long-term debt to long-term debt plus equity     We believe that long-term debt (as reported in our Condensed Interim Consolidated Statements of Financial Position) to long-term debt plus equity (total shareholders’ equity as reported in our Condensed Interim Consolidated Statements of Financial Position) provides an indication of our debt leverage.
               
        Net Debt to Adjusted EBITDA     We believe that the Net Debt (long-term debt less cash, as reported in our Condensed Interim Consolidated Statements of Financial Position) to Adjusted EBITDA ratio provides an indication of the number of years it would take for us to repay our debt obligations.
         
        Supplementary Financial Measures
        We reference certain supplementary financial measures that are not defined terms under IFRS to assess performance because we believe they provide useful supplemental information to investors.
               
        Capital Spending by Spend Category     We provide additional disclosure to better depict the nature of our capital spending. Our capital spending is categorized as expansion and upgrade, maintenance and infrastructure, or intangibles.
               

        CHANGE IN ACCOUNTING POLICY

        Precision adopted Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants – Amendments to IAS 1, as issued in 2020 and 2022. These amendments apply retrospectively for annual reporting periods beginning on or after January 1, 2024 and clarify requirements for determining whether a liability should be classified as current or non-current. Due to this change in accounting policy, there was a retrospective impact on the comparative Statement of Financial Position pertaining to the Corporation’s Deferred Share Unit (DSU) plan for non-management directors which are redeemable in cash or for an equal number of common shares upon the director’s retirement. In the case of a director retiring, the director’s respective DSU liability would become payable and the Corporation would not have the right to defer settlement of the liability for at least twelve months. As such, the liability is impacted by the revised policy. The following changes were made to the Statement of Financial Position:

      • As at January 1, 2023, accounts payable and accrued liabilities increased by $12 million and non-current share-based compensation liability decreased by $12 million.
      • As at December 31, 2023, accounts payable and accrued liabilities increased by $8 million and non-current share-based compensation liability decreased by $8 million.

      The Corporation’s other liabilities were not impacted by the amendments. The change in accounting policy will also be reflected in the Corporation’s consolidated financial statements as at and for the year ending December 31, 2024.

      PARTNERSHIP

      On September 26, 2024, Precision formed a strategic Partnership with two Indigenous partners to provide well servicing operations in northeast British Columbia. Precision contributed $4 million in assets to the Partnership. Profit attributable to Non-Controlling Interests (NCI) was $0.1 million in 2024.

      Precision holds a controlling interest in the Partnership and the portions of the net earnings and equity not attributable to Precision’s controlling interest are shown separately as NCI in the Consolidated Statements of Net Earnings and Consolidated Statements of Financial Position.

      CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION AND STATEMENTS

      Certain statements contained in this release, including statements that contain words such as “could”, “should”, “can”, “anticipate”, “estimate”, “intend”, “plan”, “expect”, “believe”, “will”, “may”, “continue”, “project”, “potential” and similar expressions and statements relating to matters that are not historical facts constitute “forward-looking information” within the meaning of applicable Canadian securities legislation and “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking information and statements”).

      In particular, forward-looking information and statements include, but are not limited to, the following:

      • our strategic priorities for 2025;
      • our capital expenditures, free cash flow allocation and debt reduction plans for 2025 through to 2027;
      • anticipated activity levels, demand for our drilling rigs, day rates and daily operating margins in 2025;
      • the average number of term contracts in place for 2025;
      • customer adoption of AlphaTM technologies and EverGreenTM suite of environmental solutions;
      • timing and amount of synergies realized from acquired drilling and well servicing assets; and
      • potential commercial opportunities and rig contract renewals.

      These forward-looking information and statements are based on certain assumptions and analysis made by Precision in light of our experience and our perception of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. These include, among other things:

      • our ability to react to customer spending plans as a result of changes in oil and natural gas prices;
      • the status of current negotiations with our customers and vendors;
      • customer focus on safety performance;
      • existing term contracts are neither renewed nor terminated prematurely;
      • our ability to deliver rigs to customers on a timely basis;
      • the impact of an increase/decrease in capital spending; and
      • the general stability of the economic and political environments in the jurisdictions where we operate.

      Undue reliance should not be placed on forward-looking information and statements. Whether actual results, performance or achievements will conform to our expectations and predictions is subject to a number of known and unknown risks and uncertainties which could cause actual results to differ materially from our expectations. Such risks and uncertainties include, but are not limited to:

      • volatility in the price and demand for oil and natural gas;
      • fluctuations in the level of oil and natural gas exploration and development activities;
      • fluctuations in the demand for contract drilling, well servicing and ancillary oilfield services;
      • our customers’ inability to obtain adequate credit or financing to support their drilling and production activity;
      • changes in drilling and well servicing technology, which could reduce demand for certain rigs or put us at a competitive advantage;
      • shortages, delays and interruptions in the delivery of equipment supplies and other key inputs;
      • liquidity of the capital markets to fund customer drilling programs;
      • availability of cash flow, debt and equity sources to fund our capital and operating requirements, as needed;
      • the impact of weather and seasonal conditions on operations and facilities;
      • competitive operating risks inherent in contract drilling, well servicing and ancillary oilfield services;
      • ability to improve our rig technology to improve drilling efficiency;
      • general economic, market or business conditions;
      • the availability of qualified personnel and management;
      • a decline in our safety performance which could result in lower demand for our services;
      • changes in laws or regulations, including changes in environmental laws and regulations such as increased regulation of hydraulic fracturing or restrictions on the burning of fossil fuels and greenhouse gas emissions, which could have an adverse impact on the demand for oil and natural gas;
      • terrorism, social, civil and political unrest in the foreign jurisdictions where we operate;
      • fluctuations in foreign exchange, interest rates and tax rates; and
      • other unforeseen conditions which could impact the use of services supplied by Precision and Precision’s ability to respond to such conditions.

      Readers are cautioned that the forgoing list of risk factors is not exhaustive. Additional information on these and other factors that could affect our business, operations or financial results are included in reports on file with applicable securities regulatory authorities, including but not limited to Precision’s Annual Information Form for the year ended December 31, 2023, which may be accessed on Precision’s SEDAR+ profile at www.sedarplus.ca or under Precision’s EDGAR profile at www.sec.gov. The forward-looking information and statements contained in this release are made as of the date hereof and Precision undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, except as required by law.

      CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED)

      (Stated in thousands of Canadian dollars)   December 31,
      2024
          December 31,
      2023(1)
          January 1,
      2023(1)
       
      ASSETS            
      Current assets:                  
      Cash   $ 73,771     $ 54,182     $ 21,587  
      Accounts receivable     378,712       421,427       413,925  
      Inventory     43,300       35,272       35,158  
      Assets held for sale     5,501              
      Total current assets     501,284       510,881       470,670  
      Non-current assets:                  
      Income tax recoverable           682       1,602  
      Deferred tax assets     6,559       73,662       455  
      Property, plant and equipment     2,356,173       2,338,088       2,303,338  
      Intangibles     12,997       17,310       19,575  
      Right-of-use assets     66,032       63,438       60,032  
      Finance lease receivables     4,806       5,003        
      Investments and other assets     8,464       9,971       20,451  
      Total non-current assets     2,455,031       2,508,154       2,405,453  
      Total assets   $ 2,956,315     $ 3,019,035     $ 2,876,123  
                         
      LIABILITIES AND EQUITY                  
      Current liabilities:                  
      Accounts payable and accrued liabilities   $ 314,355     $ 350,749     $ 404,350  
      Income taxes payable     3,778       3,026       2,991  
      Current portion of lease obligations     20,559       17,386       12,698  
      Current portion of long-term debt           2,848       2,287  
      Total current liabilities     338,692       374,009       422,326  
                         
      Non-current liabilities:                  
      Share-based compensation     13,666       16,755       47,836  
      Provisions and other     7,472       7,140       7,538  
      Lease obligations     54,566       57,124       52,978  
      Long-term debt     812,469       914,830       1,085,970  
      Deferred tax liabilities     47,451       73,515       28,946  
      Total non-current liabilities     935,624       1,069,364       1,223,268  
      Equity:                  
      Shareholders’ capital     2,301,729       2,365,129       2,299,533  
      Contributed surplus     77,557       75,086       72,555  
      Deficit     (900,834 )     (1,012,029 )     (1,301,273 )
      Accumulated other comprehensive income     199,020       147,476       159,714  
      Total equity attributable to shareholders     1,677,472       1,575,662       1,230,529  
      Non-controlling interest     4,527              
      Total equity     1,681,999       1,575,662       1,230,529  
      Total liabilities and equity   $ 2,956,315     $ 3,019,035     $ 2,876,123  

      (1) Comparative period figures were restated due to a change in accounting policy. See “CHANGE IN ACCOUNTING POLICY.”

      CONDENSED INTERIM CONSOLIDATED STATEMENTS OF NET EARNINGS (UNAUDITED)

          Three Months Ended December 31,     Year Ended December 31,  
      (Stated in thousands of Canadian dollars, except per share amounts)   2024     2023     2024     2023  
                               
                               
      Revenue   $ 468,171     $ 506,871     $ 1,902,328     $ 1,937,854  
      Expenses:                        
      Operating     312,303       316,509       1,248,686       1,204,548  
      General and administrative     35,342       39,131       132,421       122,188  
      Earnings before income taxes, loss on investments and
      other assets, gain on acquisition, gain on repurchase
      of unsecured senior notes, finance charges, foreign
      exchange, loss on asset decommissioning, gain on
      asset disposals, and depreciation and amortization
          120,526       151,231       521,221       611,118  
      Depreciation and amortization     82,210       78,734       309,314       297,557  
      Gain on asset disposals     (1,913 )     (8,883 )     (16,148 )     (24,469 )
      Loss on asset decommissioning           9,592             9,592  
      Foreign exchange     1,487       (773 )     2,259       (1,667 )
      Finance charges     16,281       19,468       69,753       83,414  
      Gain on repurchase of unsecured senior notes                       (137 )
      Gain on acquisition           (25,761 )           (25,761 )
      Loss on investments and other assets     1,814       735       1,484       6,810  
      Earnings before income taxes     20,647       78,119       154,559       265,779  
      Income taxes:                        
      Current     2,811       486       7,470       4,494  
      Deferred     2,906       (69,089 )     35,759       (27,959 )
            5,717       (68,603 )     43,229       (23,465 )
      Net earnings   $ 14,930     $ 146,722     $ 111,330     $ 289,244  
      Attributable to:                        
      Shareholders of Precision Drilling Corporation   $ 14,795     $ 146,722     $ 111,195     $ 289,244  
      Non-controlling interests   $ 135     $     $ 135     $  
      Net earnings per share attributable to
      shareholders:
                             
      Basic   $ 1.06     $ 10.42     $ 7.81     $ 21.03  
      Diluted   $ 1.06     $ 9.81     $ 7.81     $ 19.53  


      CONDENSED
      INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

          Three Months Ended December 31,     Year Ended December 31,  
      (Stated in thousands of Canadian dollars)   2024     2023     2024     2023  
      Net earnings   $ 14,930     $ 146,722     $ 111,330     $ 289,244  
      Unrealized gain (loss) on translation of assets and liabilities of operations denominated in foreign currency     89,412       (36,755 )     119,821       (33,433 )
      Foreign exchange gain (loss) on net investment hedge with U.S. denominated debt     (49,744 )     22,679       (69,027 )     21,195  
      Tax related to net investment hedge of long-term debt     750             750        
      Comprehensive income   $ 55,348     $ 132,646     $ 162,874     $ 277,006  
      Attributable to:                        
      Shareholders of Precision Drilling Corporation   $ 55,213     $ 132,646     $ 162,739     $ 277,006  
      Non-controlling interests   $ 135     $     $ 135     $  


      CONDENSED
      INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

          Three Months Ended December 31,     Year Ended December 31,  
      (Stated in thousands of Canadian dollars)   2024     2023     2024     2023  
      Cash provided by (used in):                        
      Operations:                        
      Net earnings   $ 14,930     $ 146,722     $ 111,330     $ 289,244  
      Adjustments for:                        
      Long-term compensation plans     4,398       (2,541 )     18,888       6,659  
      Depreciation and amortization     82,210       78,734       309,314       297,557  
      Gain on asset disposals     (1,913 )     (8,883 )     (16,148 )     (24,469 )
      Loss on asset decommissioning           9,592             9,592  
      Foreign exchange     1,477       (853 )     2,442       (866 )
      Finance charges     16,281       19,468       69,753       83,414  
      Income taxes     5,717       (68,603 )     43,229       (23,465 )
      Other     (392 )     (9 )     (272 )     (229 )
      Loss on investments and other assets     1,814       735       1,484       6,810  
      Gain on acquisition           (25,761 )           (25,761 )
      Gain on repurchase of unsecured senior notes                       (137 )
      Income taxes paid     (1,617 )     (708 )     (6,459 )     (3,103 )
      Income taxes recovered     27       17       85       24  
      Interest paid     (2,806 )     (3,335 )     (72,241 )     (83,037 )
      Interest received     409       614       1,967       1,176  
      Funds provided by operations     120,535       145,189       463,372       533,409  
      Changes in non-cash working capital balances     42,256       25,066       18,711       (32,838 )
      Cash provided by operations     162,791       170,255       482,083       500,571  
                               
      Investments:                        
      Purchase of property, plant and equipment     (58,900 )     (78,582 )     (216,647 )     (224,960 )
      Purchase of intangibles           (265 )     (51 )     (1,789 )
      Proceeds on sale of property, plant and equipment     8,570       3,117       30,395       23,841  
      Proceeds from sale of investments and other assets                 3,623       10,013  
      Business acquisitions           (646 )           (28,646 )
      Purchase of investments and other assets     (718 )     (61 )     (725 )     (5,343 )
      Receipt of finance lease payments     208       191       799       255  
      Changes in non-cash working capital balances     (11,114 )     18,619       (20,380 )     11,845  
      Cash used in investing activities     (61,954 )     (57,627 )     (202,986 )     (214,784 )
                               
      Financing:                        
      Issuance of long-term debt     17,078             27,978       162,649  
      Repayments of long-term debt     (41,813 )     (86,699 )     (204,319 )     (375,237 )
      Repurchase of share capital     (25,023 )     (17,004 )     (75,488 )     (29,955 )
      Issuance of common shares from the exercise of options                 686        
      Debt amendment fees     (46 )           (1,363 )      
      Lease payments     (3,266 )     (3,010 )     (13,271 )     (9,423 )
      Funding from non-controlling interest                 4,392        
      Cash used in financing activities     (53,070 )     (106,713 )     (261,385 )     (251,966 )
      Effect of exchange rate changes on cash     1,700       (798 )     1,877       (1,226 )
      Increase in cash     49,467       5,117       19,589       32,595  
      Cash, beginning of period     24,304       49,065       54,182       21,587  
      Cash, end of period   $ 73,771     $ 54,182     $ 73,771     $ 54,182  


      CONDENSED
      INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED)

          Attributable to shareholders of the Corporation              
      (Stated in thousands of Canadian dollars)   Shareholders’
      Capital
          Contributed
      Surplus
          Accumulated
      Other
      Comprehensive
      Income
          Deficit     Total     Non-
      controlling
      interest
          Total
      Equity
       
      Balance at January 1, 2024   $ 2,365,129     $ 75,086     $ 147,476     $ (1,012,029 )   $ 1,575,662     $     $ 1,575,662  
      Net earnings for the period                       111,195       111,195       135       111,330  
      Other comprehensive income for the period                 51,544             51,544             51,544  
      Share options exercised     978       (292 )                 686             686  
      Settlement of Executive Performance and Restricted Share Units     21,846       (1,479 )                 20,367             20,367  
      Share repurchases     (86,570 )                       (86,570 )           (86,570 )
      Redemption of non-management directors share units     346       (346 )                              
      Share-based compensation expense           4,588                   4,588             4,588  
      Funding from non-controlling interest                                   4,392       4,392  
      Balance at December 31, 2024   $ 2,301,729     $ 77,557     $ 199,020     $ (900,834 )   $ 1,677,472     $ 4,527     $ 1,681,999  
          Attributable to shareholders of the Corporation              
      (Stated in thousands of Canadian dollars)   Shareholders’
      Capital
          Contributed
      Surplus
          Accumulated
      Other
      Comprehensive
      Income
          Deficit     Total     Non-
      controlling
      interest
          Total
      Equity
       
      Balance at January 1, 2023   $ 2,299,533     $ 72,555     $ 159,714     $ (1,301,273 )   $ 1,230,529     $     $ 1,230,529  
      Net earnings for the period                       289,244       289,244             289,244  
      Other comprehensive income for the period                 (12,238 )           (12,238 )           (12,238 )
      Acquisition share consideration     75,588                         75,588             75,588  
      Settlement of Executive Performance and Restricted Share Units     19,206                         19,206             19,206  
      Share repurchases     (29,955 )                       (29,955 )           (29,955 )
      Redemption of non-management directors share units     757                         757             757  
      Share-based compensation expense           2,531                   2,531             2,531  
      Balance at December 31, 2023   $ 2,365,129     $ 75,086     $ 147,476     $ (1,012,029 )   $ 1,575,662     $     $ 1,575,662  


      2024 FOURTH QUARTER AND YEAR-END RESULTS CONFERENCE CALL AND WEBCAST

      Precision Drilling Corporation has scheduled a conference call and webcast to begin promptly at 11:00 a.m. MT (1:00 p.m. ET) on Thursday, February 13, 2025.

      To participate in the conference call please register at the URL link below. Once registered, you will receive a dial-in number and a unique PIN, which will allow you to ask questions.

      https://register.vevent.com/register/BI9168b4c0516f4409ab4f297340994ebc

      The call will also be webcast and can be accessed through the link below. A replay of the webcast call will be available on Precision’s website for 12 months.

      https://edge.media-server.com/mmc/p/8hij84aa

      About Precision

      Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha™ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen™ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations. Additionally, Precision offers well service rigs, camps and rental equipment all backed by a comprehensive mix of technical support services and skilled, experienced personnel.

      Precision is headquartered in Calgary, Alberta, Canada and is listed on the Toronto Stock Exchange under the trading symbol “PD” and on the New York Stock Exchange under the trading symbol “PDS”.

      Additional Information

      For further information, please contact:

      Lavonne Zdunich, CPA, CA
      Vice President, Investor Relations
      403.716.4500

      800, 525 – 8th Avenue S.W.
      Calgary, Alberta, Canada T2P 1G1
      Website: www.precisiondrilling.com

      The MIL Network

  • MIL-OSI Submissions: USAID Cuts – Uncertainty around PEPFAR program puts millions of people at risk – MSF

    Source: Médecins Sans Frontières/Doctors Without Borders (MSF)

    New York/Johannesburg/Brussels, February 13, 2025 — The decision by the US government to temporarily freeze funding to the President’s Emergency Plan for AIDS Relief (PEPFAR) alongside all other foreign aid for at least a 90-day period has had immediate effects on people living with HIV (PLHIV), said Médecins Sans Frontières/Doctors Without Borders (MSF) today. Although the US has since clarified that certain treatment programs can continue at least until April, we are concerned that critical elements of the PEPFAR program remain frozen.

    “More than three weeks since the US government froze PEPFAR funding, there is still widespread confusion and uncertainty as to whether this critical lifeline for millions of people has been cut off,” said Avril Benoît, chief executive officer of MSF USA. “Despite a limited waiver covering some activities, what our teams are seeing in many of the countries where we work is that people have already lost access to lifesaving care and have no idea whether or when their treatment will continue. MSF is calling on the US government to immediately resume funding for the full range of PEPFAR operations as well as other critical health and humanitarian aid.”

    On February 1, after over a week of chaos and a freeze of activities, the US government issued a limited waiver allowing for the resumption of some programming with specific guidance for HIV. However, that guidance was unclear, and it did not immediately reach PEPFAR country teams. Across our broad network, MSF did not see a single organization able to resume work as a result of this limited guidance on waivers. On February 6, the US government issued clarified guidance on HIV care and treatment and prevention of mother to child transmission (PMTCT) programs.

    However, we remain concerned that key areas of HIV prevention, treatment, care, and support are not included in this additional guidance, such as pre-exposure prophylaxis (PrEP) for all vulnerable groups, including LGBTQ people and sex workers, specific interventions for adolescents girls and young women in high prevalence countries, and community-led monitoring programs. These services are essential to ensuring a successful response to the epidemic.

    While MSF does not accept US government funding and will not be directly affected by cuts or freezes to PEPFAR, many of our activities are contingent on the programs that have been interrupted. In some places we’ve had to adapt and change our activities and the indirect effects of these freezes have already been felt in our projects in various parts of the world.

    In Sub-Saharan Africa, where MSF runs several HIV/AIDS and related health programs, we are already witnessing impacts on patients. In South Africa, many clinics providing HIV services, including testing, treatment, and PrEP through PEPFAR-funded organizations have been shuttered, leaving people confused and distressed about where to access their critical medication. In Mozambique, a major partner organization of MSF that provided comprehensive HIV services had to stop activities completely. In Zimbabwe, most organizations providing HIV services have also stopped work, disrupting in particular the DREAMS program aimed at decreasing new HIV infections in adolescent girls and young women.

    “Any interruption to HIV services and treatment is deeply distressing to people in care and an emergency when it comes to HIV treatment,” said Tom Ellman, director of the South Africa Medical Unit at MSF Southern Africa. “HIV medicines must be taken daily or people run the risk of developing resistance or deadly health complications.”

    In Democratic Republic of Congo, the aid freeze was already affecting the most successful model of antiretroviral drug distribution ever implemented in the capital city of Kinshasa: the community-run free distribution and peer support points, known locally as “PODIs”. In a country where stigma against people living with HIV is massive and poverty remains a barrier to care, PODIs have proven to be a medically necessary approach for addressing delays or therapy abandonment. With PEPFAR-supported points of care now closed and other activities frozen, thousands of people were left without support and with a high risk of developing advanced HIV. MSF teams supporting advanced HIV disease care in Kinshasa might not be able to meet the increased demand if disruptions persist.

    In South Sudan, approximately 51 percent of people living with HIV know their status, and 47 percent are on treatment. A discontinuation of this program will have devastating effects on thousands of people and their communities.  MSF has worked alongside PEPFAR providing essential HIV care in this context and has seen firsthand how this program saves lives. The support of PEPFAR in this country is critical.

    PEPFAR-supported programming is deeply interconnected with and reliant on other components of the US foreign aid system, specifically implementation support provided by USAID and technical and other assistance provided by the US Centers for Disease Control and Prevention (CDC). Given that the foreign aid freeze and stop-work orders continue to affect these other agencies, and staff from these agencies have been put on immediate leave or recalled, it is unclear when and how even the limited activities now allowed will be able to restart.

    “These disruptions will cost lives and upend years of progress against this virus,” said Benoit. “Every day that passes is an emergency for millions of people for whom PEPFAR is a lifeline.”

    PEPFAR-supported programming has been heavily integrated into key aspects of the broader health systems of partner countries over the last 20 plus years and as a result the consequences of these disruptions have been far-reaching. For this reason, some of the services affected go beyond purely HIV treatment and prevention, such as in Uganda, where PEPFAR-funded aspects of infectious disease surveillance and response, including for Ebola virus, have been stopped.

    “When MSF first started treating people with HIV/AIDS in South Africa 25 years ago, there were no ARV medicines on the shelves, every diagnosis felt like a death sentence, and communities were desperately trying to curb the virus’ spread,” said Ellman.

    Since then, PEPFAR support has helped save more than 25 million lives and encouraged the fight against HIV to be a truly global one. But continued success relies on continued access to the full range of HIV-related programs, services, and goods including prevention services and treatment, population-specific and targeted programs, programs related to gender-based violence, and other critical areas, said MSF.

    As health care providers, we are deeply concerned by these disruptions to this lifesaving program.

    “Even temporary interruptions to key components of PEPFAR will harm people at risk of acquiring HIV and people living with HIV,” said Benoît. “We urge the US government to immediately resume all funding of critical humanitarian and health aid, including the full range of PEPFAR operations.”

    MSF is an international, medical, humanitarian organisation that delivers medical care to people in need, regardless of their origin, religion, or political affiliation. MSF has been working in Haiti for over 30 years, offering general healthcare, trauma care, burn wound care, maternity care, and care for survivors of sexual violence. MSF Australia was established in 1995 and is one of 24 international MSF sections committed to delivering medical humanitarian assistance to people in crisis. In 2022, more than 120 project staff from Australia and New Zealand worked with MSF on assignment overseas. MSF delivers medical care based on need alone and operates independently of government, religion or economic influence and irrespective of race, religion or gender. For more information visit msf.org.au  

    MIL OSI – Submitted News

  • MIL-OSI USA: Grassley, Cantwell Reintroduce Bills to Lower Prescription Drug Prices, Drive PBM Accountability

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley
    WASHINGTON – Sen. Chuck Grassley (R-Iowa), Chairman of the Senate Judiciary Committee and former Chairman of the Senate Finance Committee, and Sen. Maria Cantwell (D-Wash.), Ranking Member of the Senate Commerce Committee, are reintroducing two bipartisan bills to combat the high cost of prescription drugs and provide greater transparency of pharmacy benefit managers (PBMs).
    “Iowans are fed up with the skyrocketing cost of prescription drugs and eager for Congress to act to put a stop to pharmacy benefit managers’ shady practices. These bipartisan legislative solutions will bring much-needed transparency to prescription drug pricing and ensure the federal government can effectively target the abusive practices that unfairly drive up drug costs,” Grassley said.  
    “For too long, Americans have been left in the dark while PBMs – the mysterious middlemen – manipulate prescription drug prices. We need to hold PBMs accountable for skyrocketing drug costs. With these bipartisan bills, I’m continuing to fight for accountability and transparency in the drug market so we can shine a light on unfair practices and make sure patients get a fair deal on the medications they need,” Cantwell said.
    Prescription Pricing for the People Act:
    This bill requires the Federal Trade Commission (FTC) to complete a 6(b) study examining the effects of consolidation on pricing in the PBM industry, as well as other potentially abusive behavior by PBMs. The bill instructs the FTC to provide policy recommendations to Congress to improve competition and protect consumers.
    Grassley has welcomed the FTC’s interim staff reports on opaque PBM practices. The interim staff reports are a direct result of Grassley’s prior requests for a 6(b) study on potential anti-competitive practices in the prescription drug industry, as well as his bipartisan demands for a status update in light of FTC’s significant delays. Once passed, this legislation will bring the FTC 6(b) study to completion. The bill falls within the jurisdiction of the Senate Judiciary Committee.
    Additional cosponsors are Sens. Roger Marshall (R-Kan.), Peter Welch (D-Vt.), Tommy Tuberville (R-Ala.), Chris Coons (D-Del.), Thom Tillis (R-N.C.), Richard Blumenthal (D-Conn.), Shelley Moore Capito (R-W.Va.), Mazie Hirono (D-Hawaii) and James Lankford (R-Okla.).
    The bipartisan proposal is supported by the AARP, AIDS Healthcare Foundation, American Pharmacists Association, Biotechnology Innovation Organization, Community Oncology Alliance, National Community Pharmacists Association and National Association of Specialty Pharmacy.
    Pharmacy Benefit Manager (PBM) Transparency Act:
    This bill bans deceptive and unfair pricing schemes, prohibits arbitrary claw backs of payments made to pharmacies, and requires PBMs to report to the FTC on how much money they make through spread pricing and pharmacy fees. The bill falls within the jurisdiction of the Senate Commerce Committee.
    Additional cosponsors are Sens. Joni Ernst (R-Iowa), Peter Welch (D-Vt.), Shelley Moore Capito (R-W.Va.), Jeanne Shaheen (D-N.H.), Roger Marshall (R-Kan.), Martin Heinrich (D-N.M.), Jerry Moran (R-Kan.), Cindy Hyde-Smith (R-Miss.), Thom Tillis (R-N.C.) and Mike Rounds (R-S.D.).
    The bipartisan proposal is supported by the AARP, AIDS Healthcare Foundation, American Pharmacists Association, Association for Clinical Oncology, Association of Mature American Citizens, Autoimmune Association, Biotechnology Innovation Organization, Crohn’s & Colitis Foundation, Community Oncology Alliance, National Community Pharmacists Association and National Association of Specialty Pharmacy.
    “AARP, which advocates for the more than 100 million Americans aged 50 and over, is pleased to support the Prescription Pricing for the People Act of 2025 and Pharmacy Benefit Manager (PBM) Transparency Act of 2025. We value your ongoing bipartisan efforts to lower drug prices for consumers and taxpayers. It is outrageous that Americans pay the highest prices in the world for prescription drugs,” said Bill Sweeney, Senior Vice President, Government Affairs, AARP.
    “APhA supports Senators Grassley’s and Cantwell’s reintroduction of the Pharmacy Benefit Manager Transparency Act, which would go a long way toward addressing PBMs’ anticompetitive business practices putting many independent pharmacies out of business and creating ‘pharmacy deserts’ in rural and underserved communities, where the neighborhood pharmacy may be the only health care provider for miles. We also support the Prescription Pricing for the People Act directing the FTC to report on ways to enforce antitrust and consumer protection laws. APhA stands ready to work with Senators Grassley and Cantwell and the FTC to not only examine PBMs’ anticompetitive business practices but to take the necessary actions to end them,” said the American Pharmacists Association.
    “The Community Oncology Alliance (COA) commends Senators Grassley and Cantwell for once again taking an early lead in introducing pharmacy benefit manager (PBM) legislation in the 119th Congress. The Prescription Pricing for the People Act (S.113 in the 118th Congress) and the Pharmacy Benefit Manager (PBM) Transparency Act (S.127 in the 118th Congress) lit the fuse for additional legislation in both the Senate and the House to stop the top PBMs from harming patients, especially those with cancer. We thank Senators Grassley and Cantwell for their leadership in reintroducing these bills in the 119th Congress. Americans face medication delays and denials, as well as higher costs and waste, at the hands of the top PBMs, especially CVS/Caremark, Cigna/Express Scripts, and United/Optum Rx, which control 80 percent of the prescription drug market. They have to be stopped from harming cancer patients and others with serious diseases. It’s time for Congress to act now!” said Ted Okon, Executive Director, Community Oncology Alliance (COA).
    “Increased transparency into PBM operations is critical to understanding the many ways their underhanded tactics lead to increased costs, delayed access to care, and an unfair marketplace for independent pharmacies – tactics that need swift, significant reforms. The PBMs’ attempt to block every action to increase transparency in the drug delivery system should concern everyone from patients to policymakers. We’re grateful to our allies in Congress like Sens. Grassley and Cantwell for keeping these bills on their agenda and pushing for accountability and change. PBM reform cannot wait,” said B. Douglas Hoey, CEO, National Community Pharmacists Association.
    “IBD patients deserve to understand why PBMs are making the decisions that they do, and whether these decisions are financially motivated or based on science. They should also share in any cost savings achieved by PBMs. The Pharmacy Benefit Manager Transparency Act would make great strides in revealing the true motives and operating practices of PBMs, and in aligning their incentives with increased patient access to medications,” said Erin McKeon, Director, Federal Advocacy, Crohn’s & Colitis Foundation.
    “The Pharmacy Benefit Manager Transparency Act of 2025 would prevent anti-competitive practices and require PBMs to operate with full transparency. This bill ensures that PBMs can no longer manipulate pricing, prioritize profits over patients, or exploit loopholes that drive up costs. AMAC Action is committed to protecting seniors from predatory pricing schemes and ensuring they have access to affordable prescription medications. We commend you both for leading this bipartisan effort and urge Congress to swiftly pass this legislation to bring long-overdue transparency and accountability to the PBM industry,” said Andrew J. Mangione Jr., Senior Vice President, AMAC Action.
    About Pharmacy Benefit Managers
    PBMs were initially formed in the 1960s to process claims and negotiate lower drug prices with drug makers. Now, PBMs administer prescription drug plans for hundreds of millions of Americans.
    Today, three PBMs control nearly 80 percent of the prescription drug market. They serve as middlemen, managing every aspect of the prescription drug benefits process for health insurance companies, self-insured employers, unions and government programs.
    They operate out of the view of regulators and consumers — setting prescription costs, deciding what drugs are covered by insurance plans and how they are dispensed, pocketing unknown sums that might otherwise be passed along as savings to consumers, and undercutting local independent pharmacies.
    This lack of transparency makes it impossible to fully understand if and how PBMs might be manipulating the prescription drug market to increase profits and drive-up drug costs for consumers.
    Background:
    Grassley has long championed efforts to reduce the cost of prescription drugs. Three pieces of legislation authored and coauthored by Grassley have been signed into law to combat anticompetitive practices and stop drug makers from reaping profits at the expense of taxpayers and consumers. Grassley has also led in-depth congressional investigations to expose those responsible for prescription drug price gouging.  
    Other actions include:
    January 2025: Grassley welcomed the FTC’s second interim staff report on PBMs and urged congressional and executive branch action.
    July 2024: Grassley welcomed the FTC’s interim staff report on PBMs and urged congressional and executive branch action.
    January 2024: Grassley sent a letter urging the FTC to complete its investigation into the health care industry’s most powerful prescription drug middlemen.
    November 2023: The Finance Committee adopted a Grassley-led provision to strengthen oversight of CMS and hold PBMs accountable. 
    July 2023: The Finance Committee adopted several Grassley-led PBM accountability provisions. 
    March 2023: The Senate Commerce Committee passed a Grassley-backed bill to hold PBMs accountable for unfair practices driving up costs for consumers.
    February 2023: The Senate Judiciary Committee — which Grassley currently chairs — passed five Grassley-led bills to boost competition in the pharmaceutical industry and improve patients’ access to more affordable prescription drugs.
    October 2022: Grassley led a bipartisan letter urging the FTC to complete its investigation into PBMs to shine light on drug pricing practices.
    January 2021: Grassley and Senate Finance Committee Ranking Member Ron Wyden (D-Ore.) released a two-year bipartisan investigation into insulin price gouging.
    August 2018: Grassley requested the FTC assess pharmaceutical supply chain intermediaries.
    Learn more about Grassley’s persistent efforts to lower prescription drug costs HERE.

    MIL OSI USA News

  • MIL-OSI USA: Sens. Moran, Hoeven & Rep. Mann Introduce Legislation to Move Food for Peace Program to USDA

    US Senate News:

    Source: United States Senator for Kansas – Jerry Moran

    WASHINGTON – U.S. Senators Jerry Moran (R-Kan.) and John Hoeven (R-N.D.) – members of the Senate Committee on Agriculture, Nutrition, and Forestry – joined Representatives Tracey Mann (KS-01), Rick Crawford (AR-01), Dan Newhouse (WA-04), David Rouzer (NC-07) and House Agriculture Committee Chairman G.T. Thompson (PA-15), in introducing legislation to move the administration of the Food for Peace Program from the U.S. Agency for International Development (USAID) to the U.S. Department of Agriculture (USDA).

    For the past 70 years, American farmers have helped combat international hunger through Food for Peace, feeding more than 4 billion people in more than 150 countries.

    “Kansas has a long history of providing food to the hungry beginning with a Kansas farmer suggesting the U.S. provide surplus grain to countries in need, to President Eisenhower establishing the resulting humanitarian aid program, to Senator Bob Dole expanding Food for Peace, to the farmers who grow the crops that feed the world,” said Sen. Moran. “As part of an ongoing effort to save money and increase efficiency, Food for Peace should be moved to the U.S. Department of Agriculture. By moving this program closer to the producers who grow these crops, we can help reduce waste and make certain our farmers have access to this valuable market. Food stability is essential to political stability, and our food aid programs help feed the hungry, bolster our national security and provide important markets for our farmers.”

    “Our nation’s farmers and ranchers are the best in the world and work hard to provide food and fuel not only for our nation, but those in need across the globe,” said Sen. Hoeven. “The U.S. Department of Agriculture already administer U.S. farmer-based food aid programs and it only makes sense that USDA would oversee the Food for Peace program, as well.”

    “President Trump made a promise to the country to cut wasteful spending, reduce overbearing federal bureaucracy, and to ensure every taxpayer dollar was spent wisely and responsibly,” said Rep. Mann. “I applaud President Trump for upholding that promise and reviewing our federal spending line by line to root out waste, fraud, and abuse while ensuring programs like Food for Peace are in line with his mission and vision. For 70 years, Kansas and American farmers have played an active role in sending their commodities to feed malnourished and starving populations around the world. This free gift from the American people is more than food. It’s diplomacy and feeds the most vulnerable communities while helping them recognize the freedom, prosperity, and good America can establish across the globe. By moving Food for Peace to USDA, the program can continue to equip American producers to serve hungry people while providing more transparency and efficiency as to how taxpayer dollars are stewarded. I will continue to work with the Trump Administration to uproot wasteful spending while ensuring America can continue to be the beacon of hope and freedom we are to the rest of the world.”

    “Food for Peace is a critical program for American farmers and has a proven track-record of successfully feeding people all over the world,” said Rep. Crawford. “I am encouraged by the Trump Administration taking a fresh look at how we provide foreign assistance, including Food for Peace. I believe a move from USAID to USDA would make program administration more efficient and more in-line with America’s priorities. USDA already runs two international food assistance programs that deal with in-kind food donations, Food for Progress and the McGovern-Dole Food for Education program. This makes USDA a natural home for Food for Peace.”

    “The Food for Peace program plays a critical role in helping prevent starvation in places around the world that need it most, while also providing American farmers additional market opportunities,” said Rep. Newhouse. “Moving this program from USAID to USDA allows a commodity-focused agency to manage and execute the program’s mission while ensuring accountability that funds will be spent responsibly. America must continue to be a global leader in the fight against hunger.”

    Last week, Sen. Moran urged Secretary of State Marco Rubio to quickly ship and distribute the American-grown food that was stalled in ports and warehouses in the U.S. and around the world as a result of the State Department’s pause on international assistance. Nearly $560 million worth of American-grown food was at risk of spoiling. On February 8, the State Department provided notices to participating aid organizations to resume shipping and distribution of the stalled American-grown food aid.

    Statements of Support:

    “Kansas farmers take great pride in Food for Peace and the impact the program and American commodities have had on feeding the world,” said Chris Tanner, president of Kansas Association of Wheat Growers. “Moving Food for Peace to USDA would continue to provide the needed relief for people in need. Thank you to Senator Moran and Congressman Mann for leading the way on this issue.”

    “Kansas-grown sorghum is a critical crop for food security in America and abroad,” said Adam York, CEO of Kansas Sorghum Producers Association. “Throughout changes in administrations, sorghum farmers have worked to have a seat at the table in international food programs housed across many agencies to ensure America’s farmers can contribute to our national security. We recommend policy makers continue prioritizing American agriculture as a solution to challenges in domestic and foreign policy.”

    “National Sorghum Producers supports this legislation that would move U.S. food aid programs under the U.S. Department of Agriculture—a move that makes sense and would ensure the long-term viability and success of these programs by continuing to provide a critical market for American sorghum farmers and the ability to move grain from our fields to the hands of those in need around the world,” said Amy France, chairwoman of National Sorghum Producers.

    “U.S. soybeans play an important role in addressing global hunger,” said Caleb Ragland, president of the American Soybean Association. “Soybeans are the only plant-based protein that provides all nine amino acids essential for human health, and our farmers have been proud to support international food assistance programs. ASA strongly supports efforts to protect these programs and to ensure U.S. grown commodities continue to feed vulnerable populations around the globe. We thank Representative Mann and Senator Moran for their leadership on this important issue.”

    “Our nation’s millers take great pride in feeding those facing famine emergencies around the world,” said Kim Z Cooper, Vice President of Government Affairs for the North American Millers’ Association. “Our flagship emergency food aid program Food for Peace not only helps those abroad, but is a critical component of Buy American and America First policies. We applaud Representatives Mann (R-KS), Thompson (R-PA), Crawford (R-AR), Newhouse (R-WA), Rouzer (R-NC), and Senators Moran and Hoeven for introducing legislation that would allow Food for Peace to operate under USDA, and reinstate this critical, life-saving program.”

    This legislation is also supported by the U.S. Dry Bean Council, National Sorghum Producers, U.S. Wheat Associates, National Association of Wheat Growers, The Midwest Dry Bean Coalition, North Central Bean Dealers Association, Northarvest Bean Growers Association, National Corn Growers Association, American Soybean Association, USA Rice, U.S. Peanut Federation, American Farm Bureau Federation and the International Dairy Foods Association.

    MIL OSI USA News

  • MIL-OSI NGOs: Uncertainty around PEPFAR program puts millions of people at risk News Feb 12, 2025

    Source: Doctors Without Borders –

    The decision by the US government to temporarily freeze funding to the President’s Emergency Plan for AIDS Relief (PEPFAR) alongside all other foreign aid for at least a 90-day period has had immediate effects on people living with HIV, said Doctors Without Borders/Médecins Sans Frontières (MSF) today. Although the US has since clarified that certain treatment programs can continue at least until April, we are concerned that critical elements of the PEPFAR program remain frozen.

    “More than three weeks since the US government froze PEPFAR funding, there is still widespread confusion and uncertainty as to whether this critical lifeline for millions of people has been cut off,” said Avril Benoît, chief executive officer of MSF USA. “Despite a limited waiver covering some activities, what our teams are seeing in many of the countries where we work is that people have already lost access to lifesaving care and have no idea whether or when their treatment will continue. MSF is calling on the US government to immediately resume funding for the full range of PEPFAR operations as well as other critical health and humanitarian aid.”

    On February 1, after over a week of chaos and a freeze of activities, the US government issued a limited waiver allowing for the resumption of some programming with specific guidance for HIV. However, that guidance was unclear, and it did not immediately reach PEPFAR country teams. Across our broad network, MSF did not see a single organization able to resume work as a result of this limited guidance on waivers. On February 6, the US government issued clarified guidance on HIV care and treatment and prevention of mother-to-child transmission (PMTCT) programs.

    What our teams are seeing in many of the countries where we work is that people have already lost access to lifesaving care and have no idea whether or when their treatment will continue. 

    Avril Benoît, chief executive officer of MSF USA

    However, we remain concerned that key areas of HIV prevention, treatment, care, and support are not included in this additional guidance, such as pre-exposure prophylaxis (PrEP) for all vulnerable groups, including LGBTQI+ people and sex workers; specific interventions for adolescent girls and young women in high prevalence countries; and community-led monitoring programs. These services are essential to ensuring a successful response to the epidemic.

    While MSF does not accept US government funding and will not be directly affected by cuts or freezes to PEPFAR, many of our activities are contingent on the programs that have been interrupted. In some places we’ve had to adapt and change our activities and the indirect effects of these freezes have already been felt in our projects in various parts of the world.

    Failure to reauthorize global AIDS program would be catastrophic

    Read more

    In sub-Saharan Africa, where MSF runs several HIV/AIDS and related health programs, we are already witnessing impacts on patients. In South Africa, many clinics providing HIV services, including testing, treatment, and PrEP through PEPFAR-funded organizations have been shuttered, leaving people confused and distressed about where to access their critical medication. In Mozambique, a major partner organization of MSF that provided comprehensive HIV services had to stop activities completely. In Zimbabwe, most organizations providing HIV services have also stopped work, disrupting in particular the DREAMS program aimed at decreasing new HIV infections in adolescent girls and young women.

    “Any interruption to HIV services and treatment is deeply distressing to people in care and an emergency when it comes to HIV treatment,” said Tom Ellman, director of the South Africa Medical Unit at MSF Southern Africa. “HIV medicines must be taken daily or people run the risk of developing resistance or deadly health complications.”

    In Democratic Republic of Congo, the aid freeze was already affecting the most successful model of antiretroviral drug distribution ever implemented in the capital city of Kinshasa: the community-run free distribution and peer support points, known locally as “PODIs.” In a country where stigma against people living with HIV is massive and poverty remains a barrier to care, PODIs have proven to be a medically necessary approach for addressing delays or therapy abandonment. With PEPFAR-supported points of care now closed and other activities frozen, thousands of people were left without support and with a high risk of developing advanced HIV. MSF teams supporting advanced HIV disease care in Kinshasa might not be able to meet the increased demand if disruptions persist.

    In South Sudan, approximately 51 percent of people living with HIV know their status, and 47 percent are on treatment. A discontinuation of this program will have devastating effects on thousands of people and their communities.  MSF has worked alongside PEPFAR providing essential HIV care in this context and has seen firsthand how this program saves lives. The support of PEPFAR in this country is critical.

    These disruptions will cost lives and upend years of progress against this virus. Every day that passes is an emergency for millions of people for whom PEPFAR is a lifeline.

    Avril Benoît, chief executive officer of MSF USA

    PEPFAR-supported programming is deeply interconnected with and reliant on other components of the US foreign aid system, specifically implementation support provided by USAID and technical and other assistance provided by the US Centers for Disease Control and Prevention (CDC). Given that the foreign aid freeze and stop-work orders continue to affect these other agencies, and staff from these agencies have been put on immediate leave or recalled, it is unclear when and how even the limited activities now allowed will be able to restart.

    “These disruptions will cost lives and upend years of progress against this virus,” said Benoit. “Every day that passes is an emergency for millions of people for whom PEPFAR is a lifeline.”

    PEPFAR-supported programming has been heavily integrated into key aspects of the broader health systems of partner countries over the last 20-plus years and as a result the consequences of these disruptions have been far-reaching. For this reason, some of the services affected go beyond purely HIV treatment and prevention, such as in Uganda, where PEPFAR-funded aspects of infectious disease surveillance and response, including for Ebola virus, have been stopped.

    When MSF first started treating people with HIV/AIDS in South Africa 25 years ago, there were no ARV medicines on the shelves, every diagnosis felt like a death sentence, and communities were desperately trying to curb the virus’ spread.

    Tom Ellman, director of the South Africa Medical Unit at MSF Southern Africa

    “When MSF first started treating people with HIV/AIDS in South Africa 25 years ago, there were no ARV medicines on the shelves, every diagnosis felt like a death sentence, and communities were desperately trying to curb the virus’ spread,” said Ellman.

    Since then, PEPFAR support has helped save more than 25 million lives and encouraged the fight against HIV to be a truly global one. But continued success relies on continued access to the full range of HIV-related programs, services, and goods including prevention services and treatment, population-specific and targeted programs, programs related to gender-based violence, and other critical areas, said MSF.  

    As health care providers, we are deeply concerned by these disruptions to this lifesaving program.

    “Even temporary interruptions to key components of PEPFAR will harm people at risk of acquiring HIV and people living with HIV,” said Benoît. “We urge the US government to immediately resume all funding of critical humanitarian and health aid, including the full range of PEPFAR operations.”

    MIL OSI NGO

  • MIL-OSI USA: In Forceful Senate Floor Speech, Murray Lays Out Real Dangers of Confirming RFK Jr., Calls on Colleagues to “Show Some Courage,” Reject Anti-Vaccine Conspiracy Theorist as Top Health Official

    US Senate News:

    Source: United States Senator for Washington State Patty Murray
    Murray: “If you think RFK Jr. will change who he is, you are lying to yourself… If you do not draw a line somewhere, you will cross every line you could ever imagine. You will be pushed further and further into accepting things you never thought you would—things you never thought you could.”
    ICYMI: In Senate Hearing, RFK Jr. Refuses to Say HPV Vaccine is Safe to Sen. Patty Murray, Pressed on Credible Accusation of Sexual Assault
    Murray, a longtime congressional leader on health care who has led hearings on addressing vaccine hesitancy, has been a leading vocal opponent of RFK Jr.’s nomination—speaking out on the Senate floor, holding events, raising the alarm after meeting with him
    *** VIDEO of Senator Murray’s floor speech HERE***
    Washington, D.C. — Today, U.S. Senator Patty Murray (D-WA), a senior member and former Chair of the Senate Health, Education, Labor, and Pensions (HELP) Committee, took to the Senate floor to warn of the very real dangers that lie ahead if Republicans insist on confirming RFK Jr. as Secretary of the U.S. Department of Health and Human Services (HHS) and urge her colleagues to “show some courage… show some conscience” and vote against this nomination.
    Murray laid out the many ways RFK Jr. could undermine vaccines as HHS Secretary—as well as so much else that’s at stake with his confirmation. Murray pointed out that, if confirmed, there will be nothing stopping RFK Jr. from firing the CDC’s entire vaccine advisory committee—responsible for making recommendations about vaccines and indirectly determines which vaccines must be covered by insurance—and replacing them all with vaccine skeptics. RFK Jr. will also oversee FDA, another agency he has repeatedly tried to discredit and attack—and where he has said he plans to fire hundreds of scientists on Day One.
    “My colleagues should know better. They do know better,” said Murray on the Senate floor. “But they are looking the other way. They are choosing to pretend like it is in any way believable that RFK Jr. won’t use his new power to do exactly the thing he has been trying to do for decades—undermine vaccines.”
    Murray spoke about how RFK Jr. will also have jurisdiction over NIH, where he could redirect funds away from promising cures, or make good on his plan to fire hundreds of researchers and pause infectious disease research. Pointing to Donald Trump and Elon Musk’s’ recent attacks on NIH biomedical research funding, Murray said: “At a time when lifesaving research like this is already under attack from the President and the richest man in the world, no one who truly values medical research should vote to install one of the biggest attackers of medical science as the Secretary of Health and Human Services.”
    Murray also spoke about health insurance—another huge responsibility for HHS. “Last time Trump was in office, we saw millions of people lose their health coverage,” Murray said. “The uninsured rate went up after years of hard-won progress, and we all know he still wants to rip up the Affordable Care Act—driving up costs and kicking people off their coverage. And there’s no reason to think Mr. Kennedy will stand up to that effort. Indeed, there is no reason to think he has the experience and understanding of the system to do so. During his committee hearings, RFK Jr. confused Medicare and Medicaid—basic stuff—and failed to describe the components of Medicare.”
    Murray also hammered how RFK Jr. poses an enormous risk to reproductive health care in America—pointing out that not only did RFK Jr. confess to having no real understanding of the Department’s role in enforcing Americans’ right to emergency care, but he showed he will be totally open to Republicans’ efforts to rip away access to medication abortion nationwide.
    Also noting the danger of putting RFK Jr. in charge of pandemic threats, Murray emphasized that “We cannot take this man at his word—something he has changed and gone back and forth on time and again. But we can take him at his record—which is that he has consistently undermined vaccine confidence and even profited from it.”
    “I cannot tell my colleagues enough: this isn’t a game, this is not a political role without consequence, the Health Secretary has real power over whether Americans can get basic information and care that impacts whether they live or die,” Murray continued.
    “So if my colleagues are feeling the pressure from President Trump or if they are feeling the weight of the richest man in the world on their backs, I would warn them: this will certainly not be the last test we face here in the Senate… If you do not draw a line somewhere, you will cross every line you could ever imagine. You will be pushed further and further into accepting things you never thought you would—things you never thought you could.
    “I think most of my colleagues know what is really at stake here. I think most of my colleagues know what sort of man RFK Jr. is and what sort of damage he could do if confirmed. There are political realities, we all get that—but there is also right and wrong… So, I urge all my colleagues to show some courage. I urge them to show some conscience. I urge them to join me in voting NO on RFK Jr.’s nomination,” Murray concluded.
    When President-elect Donald J. Trump first announced his intention to select Robert F. Kennedy Jr. as Secretary of HHS, Murray immediately and forcefully condemned the move—and she has consistently spoken out and laid out for her colleagues the case against his nomination since, including in a lengthy Senate floor speech earlier this month—VIDEO HERE. Murray met with RFK Jr. on January 15th and released a statement afterward reiterating her opposition to his nomination and urging her colleagues, “to be honest with themselves about the stakes of putting one of the anti-vaccine movement’s loudest, proudest champions in charge of HHS and join me in opposing RFK Jr.’s nomination.” In December, Murray held a roundtable discussion at UW Medicine on the importance of scientific research and vaccines—especially for children—and spoke about how having RFK Jr. lead HHS would threaten Americans’ health and safety. At the hearing on his nomination before the Senate HELP Committee, Senator Murray pressed RFK Jr. to acknowledge that the HPV vaccine was safe and effective—he would not—and respond to credible accusations of sexual assault.
    As a longtime appropriator and former Chair of the Senate HELP Committee, Murray has long fought to boost biomedical research, strengthen public health infrastructure, and make health care more affordable and accessible. Over her years as a senior member of the Appropriations Committee, she has secured billions of dollars in increases for biomedical research at the National Institutes of Health, and during her time as Chair of the HELP Committee she established the new ARPA-H research agency as part of her PREVENT Pandemics Act to advance some of the most cutting-edge research in the field. As Chair of the HELP Committee, Murray was also instrumental in crafting the American Rescue Plan Act, including its landmark investments in public health and health care. Senator Murray was also the lead Democratic negotiator of the bipartisan 21st Century Cures Act, which delivered a major federal investment to boost NIH research, among many other investments. Murray is also the lead sponsor of the Public Health Infrastructure Saves Lives Act (PHISLA), legislation to establish $4.5 billion in dedicated, annual funding for a grant program to build up and maintain the nation’s public health system across the board. 
    In 2019, Senator Murray co-led a bipartisan hearing in the HELP Committee on vaccine hesitancy and spoke about the importance of addressing vaccine skepticism and getting people the facts they need to keep their families and communities safe and healthy. Ahead of the hearing, as multiple states were facing measles outbreaks in under-vaccinated areas, Murray sent a bipartisan letter with former HELP Committee Chair Lamar Alexander (R-TN) pressing the Centers for Disease Control and Prevention (CDC) Director and HHS Assistant Secretary for Health on their efforts to promote vaccination and vaccine confidence.
    Senator Murray’s full remarks on the Senate floor, as delivered are below and HERE:
    “Mr. President, the American people are watching now with alarm—because the vast majority of people know: vaccines are safe, they’re effective, they are lifesaving.
    But we are now on the verge of confirming, as our nation’s highest health official, a man who has spent considerable time, money, and effort undermining that basic fact.
    “A man who has abused his platform by refusing to acknowledge the well-established science that shows that vaccines arenot linked to autism. Fear about that point—fueled by RFK Jr. and others peddling misinformation—is a leading reason that parents do not get their kids vaccinated against preventable, dangerous diseases.
    “That’s why elevating a man like RFK Jr. to lead HHS would be so dangerous. Just giving him any platform to spread vaccine doubt is dangerous. But to give him one of the biggest megaphones in the world? It is truly shameful that we even are debating this.
    “My colleagues should know better. They actually do know better. They are looking the other way. They are choosing to pretend like it is in any way believable that RFK Jr. won’t use his new power to do exactly the thing he has been trying to do for decades—undermine vaccines.
    “Never mind the fact that CDC has already modified webpages with information about vaccines and other vital public health information—which a federal judge has now ordered the Trump Administration to restore.
    “Never mind that the Trump administration is also, reportedly, planning widespread and significant layoffs—layoffs—at CDC and across HHS.
    “This is how RFK Jr. substitutes his own beliefs for science. So, when the vaccine conspiracies start swirling—and RFK Jr. turns HHS into ground zero for misinformation—‘I had no idea’ is not going to be an excuse for confirming him.
    “Because at the HELP Committee hearing, the Chair pressed him repeatedly about the debunked claim that vaccines cause autism. And when RFK Jr. said he needed to ‘see the evidence,’ he was shown the evidence. But, to no one’s surprise, he did not keep his word, admit he’d been wrong, and spread the good news that vaccines do not cause autism.
    “He has had two weeks since that hearing to look at the same settled science as everyone else—crickets. But he won’t hesitate to quote the latest anti-vax conspiracy. He is totally up to speed on that front.
    “Are my colleagues really buying this guy will take an impartial look at the science?
    “If you think RFK Jr. will change who he is, you are lying to yourself. He has given no evidence to suggest that—and all the evidence in the world to the contrary.
    “Given his long, and growing track record, we cannot just pretend if RFK Jr. finally gets power to undermine vaccines—a cause that he has dedicated a considerable amount of time and effort to—that he’ll just give it up. That is not believable.
    “And I know I’ve been talking a lot about vaccines—because it is so obviously alarming—but the responsibility he would have goes far beyond that.
    “So, let’s break some of this down—both the ways he could undermine vaccines as HHS Secretary, and the other responsibilities that would be at stake.
    “To start with, the CDC is under HHS. That means that the Secretary directly appoints people to CDC’s vaccine advisory board. That board is responsible for making recommendations about vaccines—and it is those recommendations that determine whether or not certain vaccines have to be covered by insurance.
    “So, simply put: changing those recommendations will change what vaccines millions of Americans, including kids, will be able to get from their health care provider.
    “If he is confirmed, there would be nothing stopping RFK Jr. from firing the entire board and replacing them all with vaccine skeptics.
    “After all, he has said many times, and in many ways, he thinks CDC is corrupt and bought by pharma—as usual, by the way, without any evidence.
    “RFK. Jr. would also oversee the Food and Drug Administration; that is another agency he has repeatedly tried to discredit and attack—where he says he plans to fire—fire!—hundreds of scientists on Day One. And an agency that plays the crucial role of making sure our drugs and our treatments—including vaccines—are safe and effective.
    “Not only would Mr. Kennedy have a key perch from which he could undermine vaccines on a scale like never seen before, he could also use his platform to peddle quack treatments with no basis in science.
    “RFK Jr. would also have jurisdiction over NIH. That alone means influence over billions of dollars in medical research—research that is responsible for a significant portion of our economy, and more importantly, research that patients are desperately hoping will help them find cures. 
    “But RFK Jr. could redirect those funds to promote his favorite pet conspiracies instead of promising cures.
    “Or he could make good on his plan to fire hundreds of researchers and pause infectious disease research—for eight years. It should go without saying: viruses aren’t going to take a break.
    “And here’s the thing—the attacks on medical research are now already happening under Trump. From his day one Executive Orders, President Trump has already been threatening medical research.
    “Suddenly, all of our grants are at risk because they are looking at addressing ‘barriers to care’ or understanding why Black and Native American women have higher maternal death rates.
    “And now—President Trump also is trying to illegally, arbitrarily, and suddenly change NIH guidelines to set an unrealistically low cap on indirect cost rates. That would mean researchers are laid off, studies canceled—including lifesaving clinical trials—and kids are not able to get the treatment they need.
    “All because President Trump and Elon Musk don’t seem to understand how we actually fund important research, and couldn’t even be bothered to find out before taking an axe to medical research labs.
    “At a time when lifesaving research like this is already under attack from the President, and the richest man in the world, no one who truly values medical research should vote to install one of the biggest attackers of medical science as the Secretary of Health and Human Services.
    “And, M. President, insurance is another huge portfolio for HHS. Last time Trump was in office, we saw millions of people lose their health care coverage. The uninsured rate went up after years of hard-won progress, and we all know he still wants to rip up the Affordable Care Act—which will drive up costs and kick people off their coverage.
    “There’s no reason to think Mr. Kennedy will stand up to that effort. Indeed, there is no reason to think he has the experience and understanding of the system to actually do so.
    “During his committee hearings, RFK Jr. confused Medicare and Medicaid—this is basic stuff! He failed to describe the components of Medicare. 
    “And yes, Mr. President, I also absolutely have to talk about abortion care. This is of grave importance—especially right now.
    “In his hearings, not only did RFK Jr. confess to having no real understanding of EMTALA—that is a law which requires patients have access to lifesaving emergency care including, in some cases, abortion care—he also showed that he will be totally open to Republicans’ fact-free efforts to rip away access to medication abortion.
    “Like so many other issues that RFK Jr. is simply wrong about, the science on that has been settled for many years now.
    “Mr. Kennedy made clear though, he is very open to revisiting access to the abortion pill, based on a Republican argument against the science that basically boils down to: ‘Nuh uh, nuh uh!’
    “Putting up barriers to accessing the abortion pill—or ripping it off the market completely, as Republicans have made very clear they want to do—would be absolutely devastating.
    “And let’s not forget about pandemic threats. The lies that RFK Jr. spread during the last pandemic already make clear he is not the man to do this job. But if that weren’t enough, when there was a pandemic threat response planning session for this new Administration—he skipped it! He didn’t go! It would almost be comical if this wasn’t so serious.
    “Mr. President, everywhere you look, everything about this nominee is so concerning.
    “We cannot take this man at his word—something he has changed and gone back and forth on time and time again. But we can take him on his record—which is that he has consistently undermined vaccine confidence and, by the way, note: he even profited from that.
    “And we can take the threat of what he might do seriously, especially given the alarming things that are already happening.
    “If RFK Jr. gives you his word of honor, that he won’t freeze research—well guess what? We are already seeing the Trump Administration totally upend medical research. Thanks to the Trump funding freeze, NIH hasn’t issued any grant awards in weeks!
    “If RFK Jr. swears that he is not going to take down information about vaccines, that he is not going to silence experts, well don’t look now—but the Trump Administration has already taken down or changed CDC pages about vaccines. They have already silenced public health experts.
    “If RFK Jr. pinky promises you that he won’t undermine medical science or studies, and he won’t ignore global health threats, well, you might want to sit down for this—but President Trump has completely demolished our global health aid work. He has already completely demolished it.
    “The fallout is utterly heart wrenching. Already we know of a woman who died—because the USAID-supported hospital she went to for oxygen was forced to discharge her because they got a ‘stop-work’ order from the Trump administration.
    “It is not clear if she was the first death caused by Trump’s complete freeze, but there is no question, she will not be the last.
    “And Mr. President—let me make a really important point here: it is not just people across the world who will be affected by this.
    “There was a study being done on a new HIV treatment with thousands of volunteers, a study being done already having a thousand volunteers doing the treatment. But now, without their regular injections, which are cut off because of Trump’s move, there is going to be too little of the drug in their system to protect those people from HIV—but enough of the drug that if they contract HIV, it could mutate to become drug resistant.
    “So, for all the absolutely unhinged conspiracies we have heard about medical research from RFK Jr. and the like, where is the concern for this actual risk, in this actual study, happening right now all because President Trump cut off foreign assistance?
    “RFK Jr. has been silent about that risk, silent about how wrong that is—and so, even as he is making these empty promises on one hand to some of our colleagues, he is already standing by as President Trump breaks them on the other hand.
    “Oh, and here’s one more—if RFK Jr. says he is going to consult you on health care personnel, please do not be fooled.
    “Look, I don’t know why my colleagues need me to tell them this—I like to think we have some pretty smart people around here—but this vote, RFK Jr.’s own nomination, this is your consultation on health care personnel. Not some made up promise for later. This is the point you have the most power.
    “Whatever he might say, you don’t get to choose who RFK Jr. will appoint to this or that—heck, he doesn’t get to choose who President Trump appoints. 
    “The decision you get to make, all of us on this floor get to make, is the decision on this floor before us right now. You get to choose who you vote to confirm. And you will have to live with that decision.
    “And, if you ignore the warning signs, and confirm RFK Jr.—then, when the wheels fall off the wagon, you may try to tell yourself you were lied to, but you knew who you were dealing with. You knew who you were dealing with. You knew what he has said before, and what he has refused to say.
    “You had all the knowledge you needed to do the right thing.
    “I cannot tell my colleagues enough: this is not a game, this is not a political role without consequence. The Health Secretary has real power over whether Americans can get basic information and care that impacts whether they live or die.
    “As I have tried to drive home throughout this process—vaccines save lives. That is not a question. It is not a slogan. It is a fact.
    “If, when parents look to you, worried about their newborn, wanting to do what is best for their baby, and trusting your advice as a public health leader—if you cannot tell them the same truth that centuries of science and experience tells us, which is that vaccines are safe, effective, and lifesaving, then you have absolutely no business leading the Department of Health and Human Services. None. 
    “And so, just as I did at the hearing, I want to warn all of my colleagues: by merely voting to confirm Mr. Kennedy, we would be telling our constituents he is worth listening to on vaccines. That alone will get people killed—before he even lifts a finger.
    “Because he does not even need the levers of power to get people killed—all he needs is a megaphone.
    “To affirm his views by voting to confirm him as our highest health official—let’s not mince words about what that will mean.
    “When babies die from whooping cough because parents weren’t sure the vaccine was safe—will you be able to look them in the eye? When the flu sweeps our nursing homes, when measles sweeps through our communities—will it be worth it?
    “Mr. President, I will end on this—I’m sure there are plenty of members who know perfectly well just how dangerous it would be to confirm RFK Jr. They don’t need to hear it from me—in fact, some of them may even know the danger better than I do.
    “But here’s what I do know: conscience is a muscle. Courage is a muscle. The less you use them, the more they fade away.
    “So if my colleagues are feeling the pressure from President Trump or if they are feeling the weight of the richest man in the world on their backs on this vote, I would warn them: this will certainly not be the last test we face here in the Senate.
    “Giving into pressure now won’t make it go away. It won’t soften the pressure you face later, and it will not strengthen your resolve when the stakes are higher. It will just show: pressure works.
    “If you do not draw a line somewhere, you will cross every line you could ever imagine. You will be pushed further and further into accepting things you never thought you would—things you thought you never could.
    “I think most of my colleagues know what is really at stake here. I think most of my colleagues knowwhat sort of man RFK Jr. is, and what sort of damage he could do if confirmed.
    “There are political realities, we all get that—but there is also right and wrong. There is also fact and fiction.
    “There is people staying healthy, and people dying pointlessly—kids dying pointlessly—from diseases that we can prevent, because they thought Congress took its job vetting our health secretary seriously.
    “So, M. President, I urge all my colleagues to show some courage. I urge them to show some conscience. I urge them to vote NO on RFK Jr.’s nomination.”

    MIL OSI USA News

  • MIL-OSI: CarePilot and Community Hospital Corporation Forge Strategic Partnership Following Successful Pilot of Ambient AI Technology

    Source: GlobeNewswire (MIL-OSI)

    KANSAS CITY, Mo. and PLANO, Texas, Feb. 12, 2025 (GLOBE NEWSWIRE) — CarePilot, a leader in AI-driven medical documentation for community healthcare, today announced a new strategic partnership with Plano, TX based Community Hospital Corporation (CHC) following a successful pilot of CarePilot’s ambient AI technology in several CHC facilities. Under this partnership, CHC plans to deploy and distribute CarePilot’s AI scribe solution across their managed and affiliated hospitals nationwide.

    • CarePilot’s ambient AI technology transforms spoken clinical conversations into comprehensive, structured documentation, enabling clinicians to focus on delivering patient care rather than on administrative tasks. This partnership is expected to streamline clinical workflows and ultimately enhance the patient experience throughout CHC’s extensive network.

    “We’re excited to work with CarePilot to bring AI to community health care and improve the experience for our patients and providers,” said Joe Ford, Regional Vice President of Information Technology at CHC.

    CHC is renowned for its support of community-based hospitals nationwide. The organization is either directly responsible for or supports the day-to-day operations of 23 hospitals across the country.  Additionally, CHC Consulting, CHC IT management, Telecom and Supply chain programs extend its influence to over 200 network hospitals. This broad reach positions CHC as a pivotal force in enhancing community health care delivery across diverse regions. By integrating CarePilot’s AI solution, the partnership aims to reduce administrative burdens on clinicians, optimize clinical documentation, and foster more meaningful interactions between healthcare providers and their patients.

    “We’re committed to bringing cutting-edge technology to rural and community hospitals. Our collaboration with CarePilot and their ambient AI platform is a testament to that commitment. By automating documentation in ambulatory, ED, and inpatient settings, and ensuring seamless compatibility with various EHRs, we’re not only improving operational efficiency, but also making this advanced technology accessible to our dedicated healthcare professionals, ultimately driving better patient outcomes in the communities we serve.”

    About CarePilot
    CarePilot is at the forefront of AI-driven documentation solutions for community healthcare. Its cutting-edge AI scribe technology converts clinical conversations into detailed clinical notes, reducing the administrative burden on providers and allowing them to focus on what truly matters—patient care. Designed for seamless integration into existing clinical workflows, CarePilot’s solution is transforming the landscape of clinical documentation across community health settings.

    About CHC Community Hospital Corporation
    Community Hospital Corporation owns, manages and consults with hospitals through CHC Hospitals, CHC Consulting and CHC ContinueCARE with the purpose to collaborate with partners and bring innovative solutions to support the vibrancy and accessibility of community healthcare. Based in Plano, Texas, CHC provides the resources and experience community hospitals need to improve quality outcomes, patient satisfaction and financial performance.

    For more information, please visit www.carepilot.com or www.chc.com.

    CONTACT:
    Joseph Tutuera, CEO
    sales@carepilot.com
    6550 Sprint Parkway
    Suite 200
    Overland Park, Kansas, 66211, USA

    The MIL Network

  • MIL-OSI New Zealand: BusinessNZ – Growth plan endorsed

    Source: BusinessNZ

    BusinessNZ has endorsed the Going for Growth plan released by the Minister for Economic Growth, outlining actions to be taken or underway to lift economic and productivity growth.
    BusinessNZ Chief Executive Katherine Rich said the proposed reform of taxation, savings and competition policy offered potential for invigorating the economy, and individual businesses stood to gain from the reforms.
    “For example, efforts towards promoting global trade and investment will be a significant boost for NZ exporters, while domestic businesses will gain from the reform of procurement rules that will give more ability for firms to tender for government business.”
    Katherine Rich said the plan’s focus on innovation and AI was well-placed.
    “Recent analysis by Accenture and Microsoft indicates the potential for annual GDP growth of up to $100 billion by 2038, based on greater uptake of AI by NZ businesses.
    “We would expect the Going for Growth plan to stimulate a more productive business environment, allowing businesses to invest in digital and AI technologies, to drive even further productivity and economic growth,” Mrs Rich said.
    The BusinessNZ Network including BusinessNZ, EMA, Business Central, Business Canterbury and Business South, represents and provides services to thousands of businesses, small and large, throughout New Zealand.

    MIL OSI New Zealand News

  • MIL-OSI: Ponce De Leon Foundation Grant Awarded in the Amount of $610,000 to Nonprofits

    Source: GlobeNewswire (MIL-OSI)

    BRONX, N.Y., Feb. 12, 2025 (GLOBE NEWSWIRE) — The Board of Directors of the Ponce De Leon Foundation is pleased to announce it has awarded $610,000 to nonprofits that are making a difference in our communities. Since its inception in 2017, the Foundation has provided over $2.4 million in grants.

    Madeline V. Marquez, Executive Director of the Ponce De Leon Foundation, stated, “Year after year our grant applications increase, and it is evident the immense needs in our communities. We pride ourselves in ensuring all our focus areas are recognized and that we spread our funds equitably as we continue to support and strengthen the impact to our organizations.”

    Carlos P. Naudon, President and Director of the Ponce De Leon Foundation, stated, “The mission on corporate social responsibility remains, we live it, breathe it and stay true to it. Once again overjoyed in serving our communities.”

    Steven A. Tsavaris, Chairman of the Ponce De Leon Foundation added, “Partnership is key, especially when missions align. Humbled by these impactful groups and organizations.”

    ACE Programs: $25,000 for the Expansion of Services for Low-Income, Independently Housed Individuals in Western Queens Project

    Act Now Foundation, Inc.: $20,000 for the Alzheimer’s Care Project

    Andromeda Community Initiative: $30,000 for Constructive Career

    Brooklyn Youth Sports Club Inc: $30,000 for Brooklyn Youths Sports Club Program.

    Creative Art Works: $15,000 for Public Art Youth Employment Programs.

    Daniel’s Music Foundation: $20,000 for Disability Awareness.

    Education Through Music: $30,000 for Music Education Program.

    Girls Incorporated of New York City: $30,000 for the Project Accelerate.

    Hope Kids NY.: $25,000 for the Ready, Set, Go to College Program.

    Housing Partnership Development Corp: $30,000 for Homeownership Counseling & Education program.

    I Challenge Myself Inc: $10,000 for Cycling Smartly in The Bronx program.

    Jamaica Center for Arts & Learning Inc: $20,000 for JCAL Riddim Section.

    Neighborhood Self Help by Older Persons Project Inc (SHOPP): $30,000 for Senior Community Assistance.

    New Heights Youth Inc: $25,000 for College Bound Program.

    New York Women’s Chamber of Commerce: $30,000 for the ContractHer Program.

    Palisades Emergency Residence PERC: $15,000 for Technology Access Program.

    Part of the Solution (POTS): $30,000 for the ESOL Support Program.

    Princeton Center for Leadership & Learning: $30,000 for Connecting Gardening, Science & Literacy

    Project Hope Charities, Inc: $30,000 for Food Pantry Project.

    Regional Aid for Interim Needs Inc RAIN: $30,000 for Cucina Dolores Mobile Food Kitchen Project.

    Spanish Speaking Elderly Council RAICES: $30,000 for Mindful Journey Program.

    The HOPE Program Inc: $30,000 for Digital Literacy for Low-Income New Yorkers Program.

    Union City Music Project, Inc: $15,000 for the 2025 After School Orchestral Music Education Program.

    The Young People’s Chorus of New York City: $30,000 for YPC South Bronx Community Chorus Program.

    About the Ponce De Leon Foundation: The Ponce De Leon Foundation is a private 501(c)3 charitable corporation launched in 2017 with a generous gift of stock and cash from Ponce Bank. As the bank has grown, so has the foundation, and when Ponce Bank became a fully public entity in January of 2022 additional funds were donated. Ponce De Leon Foundation’s mission remains, to improve the quality of life in the communities in which Ponce Bank maintains full-service branches. With these gifts, Ponce Bank made clear its commitment to continue its tradition of supporting the communities it serves. For further information on the Ponce De Leon Foundation, you can send an email to Grants@Poncedeleonfoundation.org.

    About Ponce Bank: Ponce Bank is a subsidiary of Ponce Financial Group, Inc., a NASDAQ company trading under the symbol PDLB. Ponce Bank is a federally chartered stock savings association headquartered in the Bronx, New York. The Bank’s business is conducted through the administrative office, 13 branch banking offices and 5 mortgage loan centers. The banking offices are located in the Bronx (4 branches), Manhattan (2 branches), Queens (3 branches), Brooklyn (3 branches), and Union City, New Jersey (1 branch). Mortgage centers are located in Queens, (Flushing, Jamaica and Astoria) Brooklyn (Marine Park), and Bergenfield, New Jersey. The primary market area currently consists of the New York City metropolitan area. www.poncebank.com

    The MIL Network

  • MIL-OSI: $TOCKHOLDER ALERT: The M&A Class Action Firm Continues To Investigate The Merger – ENFN, VCSA, ACCD, AVAV

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 12, 2025 (GLOBE NEWSWIRE) — Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

    • Enfusion, Inc. (NYSE: ENFN), relating to the proposed merger with Clearwater Analytics. Under the terms of the agreement, Enfusion shareholders will receive $5.85 per share in cash and $5.40 per share in Clearwater Class A Common Stock.

    Click here for more https://monteverdelaw.com/case/enfusion-inc-enfn/. It is free and there is no cost or obligation to you.

    • Vacasa, Inc. (NASDAQ: VCSA), relating to the proposed merger with Casago. Under the terms of the agreement, Casago will acquire all outstanding shares of Vacasa held by public stockholders at a price of $5.02 per share.

    Click here for more https://monteverdelaw.com/case/vacasa-inc-vcsa/. It is free and there is no cost or obligation to you.

    • Accolade, Inc. (Nasdaq: ACCD), relating to the proposed merger with Transcarent. Under the terms of the agreement, Transcarent will acquire Accolade for $7.03 per share in cash.

    Click here for more https://monteverdelaw.com/case/accolade-inc-accd/. It is free and there is no cost or obligation to you.

    • AeroVironment, Inc. (NASDAQ: AVAV), relating to the proposed merger with BlueHalo LLC. Under the terms of the agreement, AeroVironment shareholders will own approximately 60.5% of the combined company.

    ACT NOW. The Shareholder Vote is scheduled for April 1, 2025.

    Click here for more information https://monteverdelaw.com/case/aerovironment-inc-avav/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network

  • MIL-OSI United Nations: United nations Pavilion at Expo 2025 Osaka, Kansai: 35 UN entities, 15 Secretariat Departments, Offices to Gather under Theme “United for a Better Future”

    Source: United Nations General Assembly and Security Council

    Two months from today, the United Nations will welcome visitors to a dedicated pavilion in the Empowering Zone of Expo 2025 in Osaka, Kansai, Japan under the theme “United for a Better Future”.  The United Nations Pavilion is proud to host exhibits and programming that represent the work of 35 UN entities and 15 UN Secretariat departments and offices.

    The United Nations pavilion will feature highlights of eight decades of impact, current efforts to achieve the Sustainable Development Goals (SDGs), and to address global challenges and humanitarian crises, as well as a vision of a sustainable future that is possible only through collective action and multilateral collaboration.  The UN Pavilion will also host special weekly exhibits and events aligned with the Expo’s theme weeks, United Nations international days and other priorities to promote sustainable development, human rights, climate action and peace and security.  Visitors can also purchase UN and SDG-related merchandise at the giftshop located inside the pavilion.

    Confirmed participating UN entities include:

    • United Nations Secretariat
      • Department of Global Communications
      • Department of Economic and Social Affairs
      • Department of Peace Operations
      • Department of Political and Peacebuilding Affairs
      • Development Coordination Office
      • Office for the Coordination of Humanitarian Affairs
      • Office of the United Nations High Commissioner for Human Rights (OHCHR)
      • United Nations Global Compact Office
      • United Nations Mine Action Service
      • United Nations Office for Disarmament Affairs
      • United Nations Office for Disaster Risk Reduction
      • United Nations Office on Drugs and Crime (UNODC)
      • United Nations Office for Outer Space Affairs
      • United Nations Road Safety Fund / Special Envoy for Road Safety
      • United Nations Youth Office
    • Food and Agriculture Organization of the United Nations (FAO)
    • International Atomic Energy Agency (IAEA)
    • International Civil Aviation Organization (ICAO)
    • International Fund for Agricultural Development (IFAD)
    • International Labour Organization (ILO)
    • International Maritime Organization (IMO)
    • International Organization for Migration (IOM)
    • International Telecommunication Union (ITU)
    • International Trade Centre (ITC)
    • Joint United Nations Programme on HIV/AIDS (UNAIDS)
    • United Nations High Commissioner for Refugees (UNHCR)
    • Secretariat of the United Nations Framework Convention on Climate Change
    • Statistical Institute for Asia and the Pacific)
    • United Nations Capital Development Fund (UNCDF)
    • United Nations Children’s Fund (UNICEF)
    • United Nations Development Programme
    • United Nations Educational, Scientific and Cultural Organization (UNESCO)
    • United Nations Entity for Gender Equality and the Empowerment of Women (UN-Women)
    • United Nations Environment Programme (UNEP)
    • United Nations Human Settlements Programme (UN-Habitat)
    • United Nations Industrial Development Organization (UNIDO)
    • United Nations Institute for Training and Research (UNITAR)
    • United Nations Office for Project Services (UNOPS)
    • United Nations Population Fund (UNFPA)
    • United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA)
    • United Nations Research Institute for Social Development (UNRISD)
    • United Nations University (UNU)
    • United Nations Volunteers programme (UNV)
    • United Nations Water*
    • Universal Postal Union (UPU)
    • World Tourism Organization (UN Tourism)
    • World Food Programme (WFP)
    • World Health Organization (WHO)
    • World Intellectual Property Organization (WIPO)

    The UN Pavilion will also host prominent guest speakers, including senior UN officials, leading experts, celebrities and advocates, who will share their insights and experiences on global challenges and solutions.

    “In the year that the United Nations will turn 80 years old, the UN Pavilion presents key milestones since 1945 that have reshaped values and the world as we know it.  We will also showcase examples of the UN in our daily lives and a vision of a world in which everyone thrives in peace, dignity and equality on a healthy planet,” said Maher Nasser, Commissioner-General of the United Nations at Expo 2025.  “It is our hope that our pavilion will serve as a dynamic platform for learning, collaboration and inspiration for action.” 

    The video interview of Mr. Nasser is available at www.youtube.com/watch?v=5MBS_DOB_k8.

    Expo 2025 Osaka, Kansai, will run from 13 April to 13 October and is expected to attract over 28 million visitors.  The UN Pavilion will be open every day from 9:30 a.m. to 9 p.m.

    For additional information about the United Nations presence at Expo 2025 in Osaka, Kansai, Japan, please contact Naomi Ichikawa, UN Department of Global Communications (New York), at email:  nichikawa@un.org.

    __________

    * UN Water is a coordination mechanism, comprising United Nations entities (members) and international organizations (partners) working on water and sanitation issues.

    MIL OSI United Nations News

  • MIL-OSI USA: Cornyn, Blumenthal, Colleagues Introduce Bill to Combat Child Exploitation

    US Senate News:

    Source: United States Senator for Texas John Cornyn
    WASHINGTON – U.S. Senators John Cornyn (R-TX), Richard Blumenthal (D-CT), Josh Hawley (R-MO), and Marsha Blackburn (R-TN) and Representatives Jeff Van Drew (NJ-02), Debbie Wasserman Schultz (FL-25), Nathaniel Moran (TX-01), and Jared Moskowitz (FL-23) today introduced the PROTECT Our Children Act, which would reauthorize and modernize the Internet Crimes Against Children Task Force Program:
    “The Internet Crimes Against Children Task Force Program has a long history of equipping our law enforcement officers with the tools needed to safeguard children and hold perpetrators accountable,” said Sen. Cornyn. “This legislation would reauthorize and update this critical program to address the evolving digital threat landscape and protect our children from these heinous crimes.”
    “The Internet Crimes Against Children Task Force leads the fight to keep kids safe from predators online,” said Sen. Blumenthal. “This bipartisan legislation gives the Task Force and its law enforcement partners the tools and resources they need in their collaborative effort to fight child exploitation and protect our nation’s kids from abhorrent abuse in an increasingly online society.”
    “The number of threats children face online in today’s digital age is unlimited, and we need to make certain that law enforcement has the resources to go after these criminals and prevent future crimes against innocent children,” said Sen. Blackburn. “The Internet Crimes Against Children Task Force Program has helped law enforcement protect children from harm for decades, and this bill would reauthorize this important program.”
    “Predators are using new technology every day to exploit children online, and law enforcement needs to be able to keep up,” said Rep. Van Drew. “The PROTECT Our Children Act gives them the tools to track down these criminals, rescue victims, and hold offenders accountable.”
    “Our lives are increasingly intertwined with the internet, and those who would commit crimes against our children know that all too well. With the PROTECT Our Children Act, the ICAC Task Force Program will get predators off line and help make the internet a safe space for all children,” said Rep. Wasserman Schultz. “I’m proud to introduce this bipartisan legislation to build on the original PROTECT Our Children Act that I authored over a decade ago. We all have a role to play in keeping our children safe.”
    “Our nation’s children must be protected at all costs from technology-facilitated child exploitation and Internet crimes against them,” said Rep. Moran. “The PROTECT Our Children Act reauthorizes the Internet Crimes Against Children (ICAC) Task Force and ensures that federal, state, and local law enforcement work together to combat the exploitation of children from online predators.”
    “In Florida and every other state in the country, Internet Crimes Against Children (ICAC) Task Forces have protected our kids from vile predators in the darkest parts of the digital world,” said Rep. Moskowitz. “These law enforcement programs have a proven track record of getting tens of thousands of bad actors off the streets, and reauthorizing this program is the right thing to do to keep kids safe. I’m proud to be joining this broad, bipartisan group of colleagues to support these programs so law enforcement agencies across Florida can continue their work combatting child exploitation and other heinous crimes.”
    Background:
    The Internet Crimes Against Children (ICAC) Task Force Program helps state and local law enforcement agencies develop an effective response to technology-facilitated child sexual exploitation and Internet crimes against children. This encompasses forensic and investigative components, training and technical assistance, victim services, and community education. This national network of 61 coordinated task forces represents more than 5,400 federal, state, and local law enforcement and prosecutorial agencies engaged in both proactive and reactive investigations, forensic investigations, and criminal prosecutions.
    From 1998 to 2022, ICAC Task Forces trained more than 826,700 law enforcement officers, prosecutors, and other professionals on techniques to investigate and prosecute ICAC-related cases. They also reviewed more than 1.4 million reports of online child exploitation, which resulted in the arrest of more than 123,790 suspects.
    The PROTECT Our Children Act would:
    Update and modernize the requirements for the National Strategy for Child Exploitation Prevention and Interdiction, including requiring the U.S. Department of Justice to provide detailed, useful information on efforts to protect children nationwide;
    Provide liability protection for ICAC Task Forces in the course of conducting criminal investigations of child sexual abuse material (CSAM) and child abuse material;
    Make needed technical improvements and clarifications to the statutory text of the program to match it to current technology and needs;
    Focus the ICAC program on both proactive and reactive investigations;
    And reauthorize the ICAC Program through 2027 with an escalator authorization.
    The PROTECT Our Children Act is endorsed by the National Center on Sexual Exploitation (NCOSE), the Rape, Abuse, and Incest National Network (RAINN), National Children’s Alliance, National Center for Missing & Exploited Children (NCMEC), Rights 4 Girls, National District Attorneys Association (NDAA), Raven, Fraternal Order of Police, Association of State Criminal Investigative Agencies (ASCIA), and the National Criminal Justice Training Center (NCJTC). 
    Sen. Cornyn has long championed the ICAC Task Force Program and has led its reauthorization efforts in the U.S. Senate since 2017.

    MIL OSI USA News

  • MIL-OSI: Petrus Resources Announces 2025 Budget Guidance

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Feb. 12, 2025 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company“) (TSX: PRQ) is pleased to announce its 2025 capital guidance.

    2025 BUDGET GUIDANCE

    In 2025, Petrus will build on its strategy of disciplined capital investment by targeting projects designed to maintain production, increase liquids weighting, enhance capital efficiency and generate free funds flow. The Board of Directors has approved a $40 million to $50 million capital program, with approximately 70% allocated toward high-impact development drilling in its core Ferrier and North Ferrier areas. The remaining capital will be invested in strategic infrastructure, including a 12-kilometer expansion of the North Ferrier pipeline, and land acquisitions. The budget is based on price assumptions of USD$68.50/bbl WTI for oil, CAD$2.04/GJ AECO for natural gas and a USD/CAD exchange rate of $0.70. Through the execution of this capital program, Petrus expects to:

    • Achieve 2025 annual average daily production of 9,000 to 10,000 boe1 per day – 65% gas and 35% total liquids
    • Generate $45 million to $55 million in annual funds flow2 for 2025
    • Pay a monthly dividend of $0.01/share – annually this represents approximately 9% of the current share price
    • Maintain net debt flat2 at $60 million  

    Given the inherent volatility of commodity prices, the Company recognizes it is prudent to remain disciplined and flexible from an operational and financial perspective. For 2025, the Company has hedged approximately 54% of its forecasted production at an average price of $2.78/GJ for natural gas and CAD $94.37/bbl for oil. Petrus will continue to monitor Canadian oil and natural gas prices and will evaluate the capital program on an ongoing basis.

    The Company remains well-positioned to navigate changing market dynamics while delivering consistent value to shareholders. By leveraging operational efficiencies and maintaining financial discipline, Petrus continues to strengthen its financial position and reinforce long-term sustainability. As market conditions evolve, the Company is prepared to adapt and respond quickly to capture opportunities and maximize returns.

    ABOUT PETRUS
    Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta.

    For further information, please contact:

    Ken Gray
    President and Chief Executive Officer
    T: 403-930-0889
    E: kgray@petrusresources.com

    _____________________________

    1 Disclosure of production on a per boe basis consists of the constituent product types and their respective quantities. Refer to “BOE Presentation” and “Production and Product Type Information” for further details.

    2 Non-GAAP financial measure. During the year ended December 31, 2023, funds flow was $78.0 million. As at September 30, 2024, net debt was $60.4 million. Refer to “Non-GAAP and Other Financial Measures”.

    READER ADVISORIES

    Non-GAAP and Other Financial Measures

    This press release refers to the terms “funds flow” and “net debt”. These non-GAAP and other financial measures are not recognized measures under GAAP (IFRS) and do not have a standardized meaning prescribed by GAAP (IFRS). Accordingly, the Company’s use of these terms may not be comparable to similarly defined measures presented by other companies. These non-GAAP and other financial measures should not be considered to be more meaningful than GAAP measures which are determined in accordance with IFRS as indicators of our performance. Management uses these non-GAAP and other financial measures for the reasons set forth below.

    Funds Flow

    Funds flow is a common non-GAAP financial measure used in the oil and natural gas industry that evaluates the Company’s profitability at the corporate level. Management believes that funds flow provides information to assist a reader in understanding the Company’s profitability relative to current commodity prices. The most directly comparable financial measure that is disclosed in the Company’s primary financial statements is oil and natural gas revenue, which was $125.6 million for the year ended December 31, 2023. For additional information regarding funds flow (including a reconciliation of funds flow to oil and natural gas revenue), see the disclosure under “Non-GAAP and Other Financial Measures – Corporate Netback and Funds Flow” in the Company’s Management’s Discussion & Analysis for the year ended December 31, 2023 which is available on SEDAR+ at www.sedarplus.ca, which disclosure is incorporated by reference herein.

    Net Debt
    Net debt is a non-GAAP financial measure and is calculated as the sum of long-term debt and working capital (current assets and current liabilities), excluding the current financial derivative contracts, the current portion of the lease obligation and the current portion of the decommissioning obligation. Petrus uses net debt as a key indicator of its leverage and strength of its balance sheet. As at September 30, 2024, long-term debt was $25 million. For additional information regarding net debt (including a reconciliation of net debt to long-term debt), see the disclosure under “Non-GAAP and Other Financial Measures – Net Debt” in the Company’s Management’s Discussion & Analysis for the three- and nine-month periods ended September 30, 2024 which is available on SEDAR+ at www.sedarplus.ca, which disclosure is incorporated by reference herein.

    Forward-Looking Statements and FOFI

    Certain information regarding Petrus set forth in this press release contains forward-looking statements within the meaning of applicable securities law, that involve substantial known and unknown risks and uncertainties. Such statements represent Petrus’ internal projections, estimates, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. These statements are only predictions and actual events or results may differ materially. Although Petrus believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievement since such expectations are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause Petrus’ actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, Petrus. In particular, forward-looking statements included in this press release include, but are not limited to, statements with respect to: our intention in 2025 to build on our strategy of disciplined capital investment by targeting projects designed to maintain production, increase liquids weighting, enhance capital efficiency and generate free funds flow; the range of our capital program in 2025, with approximately 70% allocated toward high-impact development drilling in our core Ferrier and North Ferrier areas, and that the remaining capital will be invested in strategic infrastructure, including a 12-kilometer expansion of the North Ferrier pipeline, and land acquisitions; our belief that through the execution of our 2025 capital program we will achieve 2025 annual average daily production of 9,000 to 10,000 boe per day (65% gas and 35% total liquids), generate $45 million to $55 million in annual funds flow, pay a monthly dividend of $0.01/share, and maintain net debt flat at $60 million; our intention to remain disciplined and flexible from an operational and financial perspective; that for 2025 we have hedged approximately 54% of ours forecasted production, and the details thereof; our intention to continue to monitor Canadian oil and natural gas prices and evaluate our capital program on an ongoing basis; our belief that we are well-positioned to navigate changing market dynamics while delivering consistent value to shareholders; our belief that by leveraging operational efficiencies and maintaining financial discipline, we continues to strengthen our financial position and reinforce long-term sustainability; and that we are prepared to adapt and respond quickly to capture opportunities and maximize returns. These forward-looking statements are subject to numerous risks and uncertainties, most of which are beyond the Company’s control, including: the risk that (i) negotiations between the U.S. and Canadian governments are not successful and one or both of such governments implements announced tariffs, increases the rate or scope of announced tariffs, or imposes new tariffs on the import of goods from one country to the other, including on oil and natural gas, (ii) the U.S. and/or Canada imposes any other form of tax, restriction or prohibition on the import or export of products from one country to the other, including on oil and natural gas, and (iii) the tariffs imposed by the U.S. on other countries and responses thereto could have a material adverse effect on the Canadian, U.S. and global economies, and by extension the Canadian oil and natural gas industry and the Company; the risk that we do not generate sufficient funds flow and free funds flow to maintain our dividend at current levels and/or to maintain net debt flat; the impact of general economic conditions; volatility in market prices for crude oil, NGL and natural gas; industry conditions; currency fluctuation; changes in interest rates and inflation rates; imprecision of reserve estimates; liabilities inherent in crude oil and natural gas operations; environmental risks; incorrect assessments of the value of acquisitions and exploration and development programs; competition; the lack of availability of qualified personnel or management; changes in income tax laws or changes in tax laws and incentive programs relating to the oil and gas industry; hazards such as fire, explosion, blowouts, cratering, and spills, or extreme weather events, such as wild fires, floods, drought and extreme cold or warm temperatures, each of which could result in substantial damage to wells, production facilities, other property and the environment or in personal injury and/or increase our costs, decrease our production, or otherwise impede our ability to operate our business; stock market volatility; ability to access sufficient capital from internal and external sources; that the amount of dividends that we pay may be reduced or suspended entirely; that we reduce or suspend the repurchase of shares under our NCIB; and the other risks and uncertainties described in our Annual Information Form. With respect to forward-looking statements contained in this press release, Petrus has made assumptions regarding: that the tariffs that have been publicly announced by the U.S. and Canadian governments (but which are not yet in effect) do not come into effect, but that if such tariffs do come into effect, the potential impact of such tariffs, and that other than the tariffs that have been announced, neither the U.S. nor Canada (i) increases the rate or scope of such tariffs, or imposes new tariffs, on the import of goods from one country to the other, including on oil and natural gas, and/or (ii) imposes any other form of tax, restriction or prohibition on the import or export of products from one country to the other, including on oil and natural gas; the amount of dividends that we will pay; the number of shares that we will repurchase under our NCIB; future commodity prices (including as disclosed herein) and royalty regimes; availability of skilled labour; timing and amount of capital expenditures; future exchange rates (including as disclosed herein); the impact of increasing competition; conditions in general economic and financial markets; availability of drilling and related equipment and services; effects of regulation by governmental agencies; the effects of inflation on our profitability; future interest rates; and future operating costs. Management has included the above summary of assumptions and risks related to forward-looking information provided in this press release in order to provide investors with a more complete perspective on Petrus’ future operations and such information may not be appropriate for other purposes. Petrus’ actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. Readers are cautioned that the foregoing lists of factors are not exhaustive. This press release contains future-oriented financial information and financial outlook information (collectively, “FOFI”) about Petrus’ prospective results of operations including, without limitation, our forecasts for our 2025 capital spending program, 2025 annual average daily production rate, 2025 annual funds flow, 2025 monthly dividend, and 2025 net debt, which are subject to the same assumptions, risk factors, limitations, and qualifications as set forth above. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on FOFI. Petrus’ actual results, performance or achievement could differ materially from those expressed in, or implied by, these FOFI, or if any of them do so, what benefits Petrus will derive therefrom. Petrus has included the FOFI in order to provide readers with a more complete perspective on Petrus’ future operations and such information may not be appropriate for other purposes.

    These forward-looking statements and FOFI are made as of the date of this press release and the Company disclaims any intent or obligation to update any forward-looking statements and FOFI, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

    BOE Presentation

    The oil and natural gas industry commonly expresses production volumes and reserves on a barrel of oil equivalent (“boe”) basis whereby natural gas volumes are converted at the ratio of six thousand cubic feet to one barrel of oil. The intention is to sum oil and natural gas measurement units into one basis for simplified measurement of results and comparisons with other industry participants. Petrus uses the 6:1 boe measure which is the approximate energy equivalence of the two commodities at the burner tip. Boe’s do not represent an economic value equivalence at the wellhead and therefore may be a misleading measure if used in isolation.

    Production and Product Type Information

    The Company’s forecast 2025 annual average daily production rate disclosed in this press release (9,000 to 10,000 boe per day) consists of the following product types, as defined in National Instrument 51-101 and using the conversion ratio described above, where applicable: 15% light oil and condensate, 20% natural gas liquids and 65% conventional natural gas.

    The MIL Network

  • MIL-OSI Australia: Can artificial intelligence save the Great Barrier Reef?

    Source: University of South Australia

    13 February 2025

    Australian researchers are designing a global real-time monitoring system to help save the world’s coral reefs from further decline, primarily due to bleaching caused by global warming.

    Coral reefs worldwide are dying at an alarming rate, with 75% of reefs experiencing bleaching-level heat stress in the past two years.

    The World Heritage-listed Great Barrier Reef (GBR), considered the jewel in the crown of coral reefs worldwide and one of Australia’s most significant ecological and tourism assets, has been decimated by severe bleaching events since 2016, exacerbated by ongoing crown-of-thorns starfish outbreaks and coastal development.

    A collaborative project led by the University of South Australia (UniSA), with input from Queensland and Victorian researchers, is integrating remote sensing technologies with machine learning, artificial intelligence and Geographic Information Systems (GIS) to monitor and hopefully stall the damage to the world’s most fragile marine ecosystems.

    A multimodal platform will distil all research data relating to coral reefs, including underwater videos and photographs, satellite images, text files and time-sensor readings, onto a central dashboard for real-time global monitoring.

    UniSA data analyst and lead researcher Dr Abdullahi Chowdhury says that a single centralised model will integrate all factors affecting coral reefs and provide environmental scientists with real-time predictions.

    “At the moment we have separate models that analyse substantial data on reef health – including bleaching levels, disease incidence, juvenile coral density and reef fish abundance – but these data sets are not integrated, and they exist in silos,” Dr Chowdhury says.

    “Consequently, it is challenging to see the ‘big picture’ of reef health or to conduct large scale, real-time analyses.”

    The researchers say an integrated system will track bleaching severity and trends over time; monitor crown-of-thorns starfish populations and predation risks; detect disease outbreaks and juvenile coral levels; and assess reef fish abundance, diversity, length, and biomass.

    “By centralising all this data in real time, we can generate predictive models that will help conservation efforts, enabling earlier intervention,” according to Central Queensland University PhD candidate Musfera Jahan, a GIS data expert.

    “Our coral reefs are dying very fast due to climate change – not just in Australia but across the world – so we need to take serious action pretty quickly,” Ms Jahan says.

    Coral reefs are often referred to as the “rainforests of the sea”. They make up just 1% of the world’s ocean area but they host 25% of all marine life.

    The technology will bring together datasets from organisations like the National Oceanic and Atmospheric Administration (NOAA), the Monterey Bay Aquarium Research Institute (MBARI), the Hawaii Undersea Research Laboratory (HURL) and Australia’s CSIRO.

    “The future of coral reef conservation lies at the intersection of technology and collaboration. This research provides a roadmap for harnessing these technologies to ensure the survival of coral reefs for generations to come,” the researchers say.

    The study has been published in the journal Electronics.

     A video accompanying this release is available: How can we save our coral reefs from dying?

    …………………………………………………………………………………………………………………

    Media contact: Candy Gibson M: +61 434 605 142 E: candy.gibson@unisa.edu.au
    Lead researcher: Dr Abdullahi Chowdhury E: abdullahi.chowdhury@unisa.edu.au

    Other articles you may be interested in

    MIL OSI News

  • MIL-OSI Global: The Paris summit marks a tipping point on AI’s safety and sustainability

    Source: The Conversation – Canada – By Robert Diab, Professor, Faculty of Law, Thompson Rivers University

    United States Vice President JD Vance made headlines this week by refusing to sign a declaration at a global summit in Paris on artificial intelligence.

    In his first appearance on the world stage, Vance made clear that the U.S. wouldn’t be playing ball. The Donald Trump administration believes that “excessive regulation of the AI sector could kill a transformative industry just as it’s taking off,” he said. “We’ll make every effort to encourage pro-growth AI policies.”

    His remarks confirmed a widespread fear that Trump’s return to the White House will signal a sharp turn in tech policy. American tech companies and their billionaire owners will now be shielded from effective oversight.

    But upon a closer look, events this week point to signs that just the opposite may be unfolding. A host of nations took notable steps towards address growing safety and environmental concerns about AI, indicating that a regulatory tipping point has been reached.

    Prime Minister Justin Trudeau delivered the keynote address at the AI Action Summit in Paris, France.

    Wide consensus

    The two-day global summit in Paris, chaired by France and India, led to broad consensus. Some 60 countries signed on to a Statement on Inclusive and Sustainable AI. This included Canada, the European Commission, India and China.

    Both the U.S. and the United Kingdom declined to sign on. But the prevailing winds are against them.

    The meeting in Paris was the third global summit on AI, following meet-ups at Bletchley Park in the U.K. in 2023 and in Seoul, South Korea, in 2024. Each of them ended with similar declarations widely endorsed.

    The Paris communiqué calls for an “inclusive approach” to AI, seeking to “narrow inequalities” in AI capabilities among countries. It encourages “avoiding market concentration” and affirms the need for openness and transparency in building and sharing technology and expertise.

    The document is not binding. It does little more than tout principles, or affirm a collective sentiment among the parties. One of these — perhaps the most important — is to keep talking, meeting and working together on the common concerns that AI raises.

    Environmental challenges

    Meanwhile, a smaller group of countries at the Paris summit, along with 37 tech companies, agreed to form a Coalition for Sustainable AI — setting out a series of goals and deliverables.

    While nothing is binding on the parties, the goals are notably specific. They include coming up with standards for measuring AI’s environmental impact and more effective ways for companies to report on the impact. Parties also aim to “optimize algorithms to reduce computational complexity and minimize data usage.”

    Even if most of this turns out to be merely aspirational, it’s important that the coalition offers a platform for collaboration on these initiatives. At the very least, it signals a likelihood that sustainability will be at the forefront of debate about AI moving forward.




    Read more:
    AI is bad for the environment, and the problem is bigger than energy consumption


    Signing the first international treaty on AI

    A further notable event at the summit was that Canada signed the Council of Europe’s Framework Convention on Artificial Intelligence and Human Rights, Democracy and the Rule of Law. In recent months, 12 other countries had signed, including the U.S. (under former president Joe Biden), the U.K., Israel and the European Union.

    The convention commits parties to pass domestic laws on AI that deal with privacy, bias and discrimination, safety, transparency and environmental sustainability.

    The treaty has been criticized for containing no more than “broad affirmations” and imposing few clear obligations. But it does show that countries are committed to passing law to ensure that AI development unfolds within boundaries — and they’re eager to see more countries do the same.

    If Canada were to ratify the treaty, Parliament would likely revive Bill C-27, which contained the AI and Data Act.




    Read more:
    The federal government’s proposed AI legislation misses the mark on protecting Canadians


    The act aimed to do much of what Canada agrees to do under the convention: impose greater oversight of the development and use of AI. This includes transparency and disclosure requirements on AI companies, and stiff penalties for failure to comply.

    What does this really mean?

    While the U.S. signed the convention on AI and human rights, democracy and rule of law in the fall of 2024, it likely won’t be implemented by a Republican Congress. The same might happen in Canada under a Conservative government led by Pierre Poilievre. He could also decide not to fulfil commitments made under other agreements about AI.

    And if Poilievre comes to power by the time Canada hosts the next G7 meeting in June, he might decline to honour the Trudeau government’s commitment to make AI regulation a central focus of the meeting.

    The Trump administration may have ushered in a period of more lax tech regulation in the U.S., and Silicon Valley is indeed a key player in tech — especially AI. But it’s a wide world, with many other important players in this space, including China, Europe and Canada.

    The events in Paris have revealed a strong interest among nations around the globe to regulate AI, and specifically to foster ideas about inclusion and sustainability. If the Paris summit was any indication, the hope of sheltering AI from effective regulation won’t last long.

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

    ref. The Paris summit marks a tipping point on AI’s safety and sustainability – https://theconversation.com/the-paris-summit-marks-a-tipping-point-on-ais-safety-and-sustainability-249706

    MIL OSI – Global Reports

  • MIL-OSI Security: A new era in testing: USAF TPS partners with Stanford, Silicon Valley for AI, emerging technologies course

    Source: United States Air Force

    This historic collaboration marks the school’s first major engagement with academia in recent memory and is part of a broader effort to prepare future military test leaders for the rapid advancements in artificial intelligence, data-driven systems, and autonomous technologies.

    MIL Security OSI

  • MIL-OSI: James Altucher Video Released: “Trump and Musk’s AI Power Play Will Reshape America’s Future”

    Source: GlobeNewswire (MIL-OSI)

    Washington, D.C., Feb. 12, 2025 (GLOBE NEWSWIRE) — AI expert James Altucher is sounding the alarm in a recent video presentation: the collaboration between President Donald Trump and Elon Musk is about to trigger a seismic shift in America’s technological and economic landscape.

    “The world’s two most powerful men… are about to change America — forever.”

    According to Altucher, Trump’s anticipated repeal of Executive Order #14110 will unleash AI 2.0—a new era of artificial intelligence that could rapidly transform industries, government operations, and global competition.

    “I have reason to believe that in his first 100 days… Donald Trump will overturn Executive Order #14110… limiting the development of U.S. artificial intelligence.”

    At the center of this revolution is Elon Musk’s secretive AI supercomputer, Project Colossus—an innovation so powerful that it has already outpaced the world’s leading AI firms, including Microsoft, OpenAI, and Google.

    “Right here, at a remote warehouse in Memphis, TN… Elon Musk has created the AI mothership.”

    “Developed by his new company, xAI… it contains not just one or two… but 100,000 units of Nvidia’s most advanced AI chip… making it the most powerful AI facility known to man.”

    With Musk expanding Project Colossus and Trump clearing regulatory hurdles, Altucher warns that America is on the verge of an AI arms race that could define the 21st century.

    “We are about to enter an age of exponential innovation — and wealth.”

    About James Altucher

    James Altucher is a leading AI expert, author, and entrepreneur with nearly four decades of experience in emerging technologies. He has been featured in major media outlets and is known for his forward-thinking insights on AI’s impact on society.

    The MIL Network

  • MIL-OSI Economics: An Inside Look at ISE 2025: Samsung Presents Color E-Paper and the Future of Commercial Displays

    Source: Samsung

    Integrated Systems Europe (ISE) 2025 kicked off on February 4 in Barcelona, highlighting the latest advancements in commercial display technology.
    Samsung Electronics welcomed guests with a striking 462” The Wall media facade at the entrance to its booth — while inside, the company showcased its energy-efficient Color E-Paper display alongside AI-powered upgrades to the SmartThings Pro platform. The supersized 115” 4K Smart Signage display captivated visitors with its immersive visuals as well.
    Samsung Newsroom explored the booth firsthand and captured these innovations leading the future of commercial displays.
    ▲ Visitors marvel at The Wall’s stunning visuals powered by MICRO LED technology.
    ▲ (From left) Hoon Chung, Executive Vice President; SW Yong, President and Head of Visual Display (VD) Business; and Seong Cho, Executive Vice President of Europe Office, from Samsung Electronics admire The Wall.
    ▲ The ultra-low power Samsung Color E-Paper boasts a slim, lightweight design.
    ▲ Visitors examine Samsung VXT, a comprehensive cloud-based content management solution (CMS) platform.

    ▲ Visitors crowd around the SmartThings Pro wall to see how the B2B management platform has expanded to include enterprise-grade IoT devices.
    ▲ Visitors crowd around the SmartThings Pro wall to see how the B2B management platform has expanded to include enterprise-grade IoT devices.
    ▲ SW Yong, President and Head of Visual Display (VD) Business at Samsung Electronics, tries out the 2025 Interactive Display equipped with Samsung AI Assistant.
    ▲ The 115” (16:9) 4K Smart Signage display boasts an ultra-large screen optimized for office spaces, retail stores and other business environments.
    ▲ The 115” (16:9) 4K Smart Signage display boasts an ultra-large screen optimized for office spaces, retail stores and other business environments.

    MIL OSI Economics

  • MIL-OSI Submissions: Japan’s Expertise in International Assistance: Leveraging Experiences Gained in Southeast Asia to Aid Ukraine -The Shared Future of Asia and Japan

    Source: Japan Connect

    Diplomacy / InternationalAsia & Pacific

    In 2022, Russia invaded Ukraine. The Russian military has continuously been launching missiles and artillery attacks on civilian facilities, causing great damage to the lives of the Ukrainian people. Japan is offering various assistance through public and private endeavors to rebuild lives, drawing on experiences gained through providing aid to countries in Southeast Asia.

    One such example is a water supply aid project. As part of the government’s gratuitous recovery assistance, Japan is sending mobile water purification systems and ready-to-assemble water supply tanks to Ukraine’s cities where water supply networks were destroyed.

    As part of this initiative, Nihon Genryo Co., Ltd., a manufacturer of water treatment systems headquartered in Kawasaki, Kanagawa Prefecture, delivered four Mobile Siphon Tanks, a mobile water purification system, to Ukraine’s capital Kyiv and the southern port city Odesa. The system, developed by Nihon Genryo, does not require filter replacements, which were necessary in previous water purification systems. The company also invited water supply technicians in Kyiv to Japan and conducted training on water purification technology.

    Nihon Genryo has been deeply involved in Southeast Asia. In 1982, it delivered fully automatic dust scrapers to the Bangkhen Water Treatment Plant in Bangkok, Thailand, to help remove impurities and provide safe, treated water. It also delivered Mobile Siphon Tanks to cities in Laos and Vietnam as part of Japan’s Official Development Assistance (ODA) and is training local staff on how to use them. In Laos, the company carried out emergency water supply operations during flood disasters in 2013 and 2020. In the Philippines, it provided drinking water to regions without access to a water supply by using river water. It also carried out emergency water supply operations at the request of the Japanese government in the wake of disasters such as Super Typhoon Haiyan in 2013 and Super Typhoon Rai in 2021. In this way, the company gained extensive experience assisting the lives and lifestyles of people in Southeast Asia, which is now being leveraged to help Ukraine, halfway across the globe in Europe.

    In addition to water supply assistance, Japan also has international experience in providing aid to people with disabilities. Since Russia’s invasion, over 300,000 Ukrainian troops and civilians have become disabled as a result of injuries. However, medical equipment is growing outdated due to a shortage of funds, and providing assistance is an urgent matter. Japan provided rehabilitation equipment and welfare vehicles to 11 facilities in Kyiv Oblast through the Japan International Cooperation Agency (JICA). In December 2024, a commemorative ceremony was held in Kyiv. Ruslan Kravchenko, the governor of Kyiv Oblast, expressed his gratitude, saying, “We thank the Japanese government and its people for their extensive support. This will allow us to greatly improve the conditions for people with disabilities.”

    Japan has also been committed to providing aid to people with disabilities in Southeast Asia. Gratuitous financial assistance was offered to Indonesia, for example, by providing mobile rehabilitation equipment in 1989 and taking part in a project to construct a vocational rehabilitation center for people with disabilities in 1995. In addition to dispatching Japanese specialists and Japan Overseas Cooperation Volunteers (JOCVs) to countries like Thailand and the Philippines, Japan also invites trainees from various countries to Japan through JICA initiatives to help raise rehabilitation standards for people with disabilities.

    Removing landmines is another urgent issue that must be addressed in Ukraine. It is believed that the Russian military may have planted mines in an area of up to 150,000 square kilometers, which amounts to over a fourth of the country’s land. The Japanese government has been engaged in mine clearance efforts in Cambodia for many years. Drawing on this experience, it is offering comprehensive support to Ukraine by providing resources developed by Japanese companies, such as mine detectors, mine removers and systems using artificial intelligence (AI) to identify areas where mines have been planted, in addition to training on how to prevent injuries and offering aid to victims.

    Japan is also working on assisting Ukrainian soldiers and civilians who survived mines but lost their limbs.

    Instalimb, Inc. is a startup company headquartered in Tokyo that utilizes digital technology to create prosthetic legs. The company uses a special scanner to capture the shape of a patient’s leg and creates a 3D-printed prosthetic based on data designed by a prosthetist using software.
    The CEO of the company, Yutaka Tokushima, said in an interview with the Japanese broadcasting network TBS Television, “One (of the merits) is that we can create prosthetics very quickly. Where it usually takes a month, we can do it in a day (at the quickest) and significantly lower the cost. Another merit is that one professional prosthetist can make many prosthetics.” 
    Prosthetic legs cost around 400,000 yen in Japan, but Tokushima says the company can reduce it to one-tenth of that amount.
    Instalimb has its roots in the Philippines. After working at a computer-related company and as a designer of industrial products, Tokushima joined the JOCV program under JICA and was posted to the Philippines in 2012. 
    Later, with support from JICA and the Philippine government, he established a laboratory equipped with a 3D printer and laser cutter for industrial development. After he learned that many people in the Philippines needed prosthetic legs as a result of diabetes, he took on the challenge of developing high-performance yet affordable prosthetics. Over the course of four years, he developed a technology that specialized in creating prosthetic legs using 3D printing. These prosthetics are now available to people in the Philippines who cannot afford conventional ones.

    As he works on creating prosthetics in Ukraine, Tokushima says, “Many people want to recover and rebuild their lives, but they can’t work because they don’t have access to prosthetic legs. So I want to give them hope, first and foremost. Our current mission is to provide prosthetics to each and every person who needs them as we aim for the ultimate goal of helping all the people of Ukraine regain their bright future.” A Japanese company, born in the Philippines, is now striving to help the wounded people of Ukraine.

    Japan is offering aid to Ukraine in a diverse range of fields including infrastructure, education, agriculture, economy, machinery and culture—and much of this expertise comes from the experience Japan gained in Southeast Asia.

    By Akio Yaita
    Journalist. Graduated from the Faculty of Letters at Keio University. After completing his doctorate at the Chinese Academy of Social Sciences, he worked as a correspondent for the Sankei Shimbun in Beijing and as Taipei bureau chief. Author or co-author of many books.

    *The stories and materials above are provided by JIJI.com or AFPBBNews. Feel free to feature these stories in your own media.

    About “Japan Connect”
    Bringing you the latest stories about Japan.
    This new service is provided by AFPBB News, which AFP launched in 2007.

    MIL OSI – Submitted News

  • MIL-OSI USA: Schatz Introduces Bipartisan Legislation To Protect Post Offices in Hawai’i and Across the Country, Help Ensure Regular Delivery of Mail to Residents

    US Senate News:

    Source: United States Senator for Hawaii Brian Schatz

    WASHINGTON — At a time when the United States Postal Service (USPS) is under strain due to a lack of carriers and supply shortages, communities across the country have reported struggles in conveying needs to the USPS and have experienced sudden and surprising post office closures. U.S. Senators Brian Schatz (D-Hawai‘i) and Mike Crapo (R-Idaho) introduced legislation to improve access to local USPS post offices. The Mandating Advisable and Informed Locations and Solutions (MAILS) Act would require more community input before relocating a post office as well as encourage recommendations from municipalities to request additional post offices.

    “In Hawai‘i, where many people live in rural or remote areas, the Postal Service is a lifeline for everything from essential goods to staying connected with loved ones,” said Senator Schatz. “Our bill ensures that people in Hawai‘i and across the country have a voice in decisions about keeping post offices in their communities.”

    Schatz has led efforts in Congress to fully fund and protect post offices in Hawai‘i. In 2020, he included a provision in a government spending bill to ensure post offices across Hawai‘i were funded and remained open for residents.

    The full text of the bill is available here.

    MIL OSI USA News

  • MIL-OSI United Nations: US funding cuts threaten global health response, WHO chief warns

    Source: United Nations MIL OSI

    Health

    The World Health Organization (WHO) has expressed deep concern over the impact of US funding cuts on critical global health initiatives, warning they pose a direct threat to public health efforts worldwide.

    In a media briefing on Tuesday, WHO Director-General Tedros Adhanom Ghebreyesus highlighted the consequences of funding suspensions, including disruptions to HIV treatment, setbacks in polio eradication and limited resources for responding to mpox epidemics in Africa.

    “The suspension of funding to PEPFAR, the President’s Emergency Plan for AIDS Relief, caused an immediate stop to HIV treatment, testing and prevention services in the 50 countries,” Tedros said.

    He noted that despite a waiver for life-saving services, prevention programmes for at-risk groups remain excluded, clinics have closed, and health workers have been put on leave.

    Tedros urged the US Government to reconsider its funding approach, at least until alternative solutions can be found to maintain essential health services.

    Ebola outbreak in Uganda

    Turning to Uganda, Tedros provided updates on the recently reported Ebola outbreak, with nine confirmed cases, including one death.

    WHO has deployed emergency teams to support surveillance, treatment and infection control measures.

    A vaccine trial, launched just four days after the outbreak was declared, is now underway, while approval for a therapeutics trial is pending.

    To sustain the response, WHO has allocated an additional $2 million from its Contingency Fund for Emergencies, supplementing the $1 million already provided.

    Conflict in DR Congo

    The humanitarian crisis in the Democratic Republic of the Congo is also straining health services, with more than 900 deaths and over 4,000 injuries reported amid escalating violence in the east.

    WHO Africa

    Health workers wearing protective clothing in Uganda.

    “At most, only one-third of people who need health services in North and South Kivu are able to receive them,” Tedros stated, emphasising the risks posed by infectious disease outbreaks such as mpox and cholera.

    Supplies, including medicines and fuel, are running critically low, further complicating WHO’s ability to respond.

    Advancing childhood cancer treatment

    On a more positive note and as UN News reported on Tuesday, WHO announced progress in expanding access to childhood cancer medicines in low and middle-income countries.

    “Yesterday, we began distributing childhood cancer medicines at no cost in the first two countries: Mongolia and Uzbekistan,” said Tedros, adding that shipments are planned for four more countries.

    The programme is facilitated through the Global Initiative on Childhood Cancer, launched in partnership with St. Jude Children’s Research Hospital.

    The initiative aims to reach 120,000 children across 50 countries over the next five to seven years, addressing stark disparities in survival rates between high-income and low-income nations.

    MIL OSI United Nations News