Category: Machine Learning

  • MIL-OSI Global: There isn’t enough ‘sustainable’ aviation fuel to make a dent in our emissions – and there won’t be for years

    Source: The Conversation – UK – By Ben Purvis, Research Associate, Sustainability Assessment, University of Sheffield

    Most of this fuel is currently made from used cooking oil. Scharfsinn / shutterstock

    The UK chancellor, Rachel Reeves, has described so-called sustainable aviation fuel (SAF) as a “game changer”. As she announced government support for a series of airport expansions, she said that the fuel “can reduce carbon emissions from flying by 70%”.

    This number is misleading. Optimistic estimates do suggest that fully replacing fossil jet fuel with its sustainable alternative could lead to total savings of around 70%. But it will be hard to produce enough SAF to make a difference on that sort of scale. Even if the UK meets its ambitious targets, an annual saving of 7% by 2030 is more plausible.

    SAF is synthetic liquid fuel derived from something other than fossil fuels. These inputs have to be processed into a liquid that can be burned safely while also storing a lot of energy for its weight, since minimising weight is crucial. This is why long-haul electric battery-powered planes are unlikely to take off any time soon.

    The UK classifies three major pathways for creating sustainable aviation fuel. It can be derived from oils or fats, including used cooking oil or tallow. It can come from other sorts of material, such as municipal solid waste, agricultural residues, or sewage. Or it can be made from hydrogen and captured carbon using renewable electricity.

    SAF can also be produced from bioenergy crops, and products such as palm oil. However the UK won’t certify it as sustainable, due to concerns about land use and impacts on wildlife.

    Emissions that would have occurred anyway

    Burning SAF actually emits a similar amount of CO₂ to fossil jet fuel. Instead, most savings come from how we account for the waste and renewable energy that is used to produce it.

    Waste emits greenhouse gases anyway, sustainable fuel supporters argue. So why not have those emissions do something useful, like power a plane?
    Jenya Smyk/shutterstock

    SAF fundamentally relies on assumptions that if waste or energy crops were not used to make this fuel, they would be incinerated, would degrade, or would in some way release their embodied carbon anyway. In the case of fuel derived from renewable energy and captured carbon, it assumes that carbon came from the atmosphere in the first place. This allows these emissions to be deducted from the total impact of SAF, leading to lower emissions than conventional aviation fuel.

    Is sustainable aviation fuel even sustainable?

    Estimates of how much greenhouse gas SAF could cut vary greatly due to the many different ways it can be produced, and the complexities of accounting for emissions across the entire life cycle from waste, to fuel production, to plane engine. A 2023 review by the Royal Society illustrates this nicely. It found SAF could at best produce effectively negative emissions (a 111% reduction), while at worst it could be more carbon intensive than fossil kerosene jet fuel (a 69% increase).

    While policy incentives are likely to encourage increased production, there remain serious concerns that will need to be addressed before SAF can become a serious competitor for conventional jet fuel. There are hard limits to the amount of used cooking oil available for instance, and the use of other feedstocks is still in its infancy.

    Meanwhile any renewable energy used to make the fuel will have to compete with growing demand from electric vehicles, AI data centres and more. And there are big worries the industry simply won’t be profitable enough to attract initial capital investment, let alone take on its well-established rival.

    UK SAF production

    Coming into effect in January, the UK’s SAF mandate sets legal obligations for aviation fuel suppliers in the UK to progressively increase proportions of sustainable fuel, from 2% of total jet fuel in 2025 to 10% in 2030, and 22% in 2040.

    This is one of a growing number of commitments globally, including RefuelEU, and the US SAF grand challenge, which seek to increase demand and encourage more investment in production.

    As of 2023, 97% of the UK’s supply is derived from used cooking oil, with the rest from food waste. Only 8% of this cooking oil is sourced from the UK, with most being imported from China and Malaysia. The UK also comprises 16% of the global SAF market, despite representing only 1% of total passengers.

    Currently, the only commercial producer of SAF in the UK is the Phillips 66 Humber Refinery which processes used cooking oil. The previous government allocated £135 million of funding to nine projects, aiming to have five plants under construction by 2025. Despite several projects selecting sites, at the time of writing none appear to be under construction.

    In an industry with razor-thin profit margins, SAF remains considerably more expensive than conventional aviation fuel. With potential producers filing for bankruptcy and companies including Shell pulling out due to profitability concerns, the market is looking rocky.

    A 7% saving is more plausible

    Let us assume that Rachel Reeves’ 70% saving is deliverable if fossil jet fuel was fully replaced with SAF. That’s optimistic in itself, but not beyond the realms of possibility.

    Getting hold of that much sustainable fuel is less plausible, however – the total demand for jet fuel in the UK is more than ten times the current global production of SAF. But let’s assume that the rocky global market can deliver the UK’s ambitious demand of 10% SAF use by 2030.

    Reeves’ figure then becomes an optimistic value of 7% savings across the UK industry. If we then correct for anticipated growth of passenger numbers, assuming plans for airport expansion, those savings are likely to vanish.

    While SAF has a role to play in decarbonisation, growth sits in clear opposition to its impacts and potential. If the UK has any hope of meeting its climate targets, it should instead be seeking alternatives to flying where possible.


    Don’t have time to read about climate change as much as you’d like?

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    Ben Purvis receives funding from the Grantham Foundation for the Protection of the Environment.

    ref. There isn’t enough ‘sustainable’ aviation fuel to make a dent in our emissions – and there won’t be for years – https://theconversation.com/there-isnt-enough-sustainable-aviation-fuel-to-make-a-dent-in-our-emissions-and-there-wont-be-for-years-249270

    MIL OSI – Global Reports

  • MIL-OSI: SOAX Releases Real-Time Data Extraction for Shopee, Outperforms Other Web Scrapers

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Feb. 10, 2025 (GLOBE NEWSWIRE) — SOAX, the leading intelligent data extraction and collection platform, today announced the availability of a new scraper API product to extract data from Shopee, the leading ecommerce platform in Southeast Asia and Taiwan. Initial tests show the new SOAX Shopee Scraper API outperforms other web data scrapers for a fraction of the cost.

    Shopee is one of the most popular ecommerce sites serving Southeast Asia, including Indonesia, Taiwan, Vietnam, Thailand, Philippines, Malaysia, and Singapore, as well as South American markets like Brazil, Mexico, Colombia, and Chile. Real-time access to detailed product, review and pricing data is essential to remain competitive. Web data scraping is the most effective way to monitor ecommerce competitors. It’s also the best way to monitor the minimum advertised price (MAP) to ensure others aren’t underselling your brand. Businesses also analyze scraped reviews to gain valuable insights on how to improve their products.

    The SOAX Shopee Scraper API has been shown to achieve higher success rates at a cost three to six times lower than other solutions. SOAX accesses the Shopee API, gathering all available data rather than just what’s on the web page. The result is a comprehensive view. SOAX uses proprietary, adaptive AI technology to unblock sites using constant fingerprint generation, self-healing proxies, and custom browser builds. And, thanks to SOAX’s vast network of 191 million proxy servers, the Shopee Scraper API is capable of scaling to millions of requests per day for virtually unlimited data gathering. Pricing starts as low as $1 per thousand requests, compared to $3 from the closest competitors.

    “Access to accurate Shopee data is essential for any e-tailer to stay competitive,” said Anton Rachitskiy, Vice President of Data Products for SOAX. “We are delighted to be able to add a Shopee to Amazon, eBay, Etsy, Walmart, and our other ecommerce scraper APIs. Our customers are already benefiting from SOAX’s superior speed and accuracy in web data gathering, along with our highly reliable proxy network boasting 99.9% uptime.”

    Shopee is the latest addition to SOAX’s more than 50 scraper APIs for ecommerce, search engines, and social networks. SOAX also offers sophisticated web unblockers capable of bypassing the most advanced anti-bot systems and residential, mobile, ISP, and datacenter proxies for every need.

    SOAX sells directly to corporate customers through a subscription-based model, providing access to its ethical proxy network, web unblocker, and scraper APIs. Customers can sign up via SOAX’s self-service platform, select a plan, and start immediately. Larger enterprises can opt for custom plans with white glove support. SOAX’s services are API-driven, allowing seamless integration into existing workflows, and its flexible pricing tiers accommodate varying usage needs, location coverage, and feature requirements.

    For more information about SOAX Shopee Scraper API, visit https://soax.com/targets/shopee.

    About SOAX
    SOAX is building the future of data extraction. They provide data-hungry companies with an automated, one-stop platform for accessing web data quickly and ethically. SOAX’s extensive network of nearly 200 million ethically-sourced proxies, combined with powerful scraping APIs, enables businesses to unlock valuable insights in a fraction of the time it takes with traditional methods.

    Recognized as a leader in the proxy market, SOAX prioritizes customer satisfaction through product performance, security, and legal compliance. They’ve earned industry recognition like “Newcomer of the Year” (Proxyway, 2021) and “Contender of the Year” (Proxyway, 2023) for their commitment to innovation and excellence. SOAX is leveraging AI to further enhance its platform and empower businesses with AI-powered data solutions.

    For more information, visit https://soax.com.

    Media Contact

    Len Fernandes
    Firecracker PR
    len@firecrackerpr.com
    1-888-317-4687 ext. 707

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ea8828bd-cca5-4d2e-b338-3a73b50ec506

    The MIL Network

  • MIL-OSI: Alaris Equity Partners Announces Timing of 2024 Q4 Financial Results, Conference Call and Webcast

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION IN THE UNITED STATES.
    FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.

    CALGARY, Alberta, Feb. 10, 2025 (GLOBE NEWSWIRE) — Alaris Equity Partners Income Trust (“Alaris” or the “Trust“) (TSX: AD.UN) is pleased to announce that it will release its year-end results for the period ended December 31, 2024 following the closing of regular trading on the Toronto Stock Exchange Monday, March 10, 2025. Alaris management will host a conference call at 9 am MT (11am ET) the following day, Tuesday, March 11, 2025 to discuss the financial results and outlook for the Trust.

    Participants must register for the call using this link: Pre-registration to Q4 to receive the dial-in numbers and unique PIN to access the call seamlessly. It is recommended that you join 10 minutes prior to the event start (although you may register and dial in at any time during the call). Participants can access the webcast here: Q4 webcast. A replay of the webcast will be available two hours after the call and archived on the same web page for six months. Participants can also find the link on our website, stored under the “Investors” section – “Presentations and Events”, at www.alarisequitypartners.com.

    About Alaris

    The Trust, through its subsidiaries, invests in a diversified group of private businesses (“Private Company Partners“) primarily through structure equity. The principal objective of the structured equity investments is to generate stable and predictable returns for its unitholders through cash distributions and capital appreciation and is complimented with common equity positions which generate returns alongside the founders of our Private Company Partners.

    For further information please contact:

    Investor Relations
    P: (403) 260-1457
    ir@alarisequity.com

    Alaris Equity Partners Income Trust
    Suite 250, 333 24th Avenue S.W.
    Calgary, Alberta T2S 3E6
    www.alarisequitypartners.com

    The MIL Network

  • MIL-OSI USA: FACT SHEET: Trump Continues to Block Hundreds of Billions of Dollars Owed to Communities Across America

    US Senate News:

    Source: United States Senator for Washington State Patty Murray
    ***READ FACT SHEET HERE***
    Washington, D.C. — Today, U.S. Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee, released a new fact sheet detailing how, in his third week in office, President Trump is continuing to block hundreds of billions of dollars in enacted funding from making its way out to families and communities across America who are counting on investments that have been enacted into law. 
    In a statement, Senator Murray said:
    “President Trump is still illegally blocking hundreds of billions of dollars in investments that are owed to communities across the country.
    “The president’s sweeping freeze is causing real pain for people in every part of the country—in red states and blue states and everywhere in between—and it must end right now.
    “The uncertainty alone over the fate of these investments is putting jobs on the chopping block, hurting American businesses left wondering whether contracts they’ve inked mean anything, and jeopardizing entire local economies. What Trump is doing could shutter critical infrastructure projects in virtually every community, kill good-paying jobs, choke off funding for farmers, stop innovation in its tracks, leave massive holes in local communities’ budgets, and so much more.
    “Once again: if Donald Trump or Elon Musk want to gut funding that’s creating good-paying jobs all across America, they can take their case to Congress and win the votes they need to do it. Defying the constitution to unilaterally rip away your tax dollars is not how this works.”
    A table of estimated funding in jeopardy is below. Read the full fact sheet HERE.
    While the extent of Trump’s funding freeze remains uncertain as his administration refuses to clarify what is blocked, here is a non-exhaustive overview of what is frozen by Trump’s actions and in jeopardy:
    Trump Action
    Relevant Agencies
    Select Examples of Affected Programs
    Funding in Jeopardy*
    Executive Order Freezing IIJA & IRA Funding
    Department of Commerce
    High-speed broadband deployment.
    $40+ billion
    (EO 14154)
    Department of Energy
    Efforts to build and upgrade America’s energy infrastructure, lower costs for consumers.
    $98 billion
     
    Department of Housing and Urban Development
    Grants and loans to improve resiliency and energy efficiency of affordable housing.
    $830+ million
     
    Department of the Interior
    Tribal electrification, hazardous fuel reduction, National Parks maintenance and staffing, & more.
    $20+ billion
     
    Department of Transportation
    Funding to upgrade roads, bridges, transit, & more.
    $130+ billion
     
    EPA
    Funds for clean water infrastructure, tackling pollution, Superfund sites, & more.
    $100+ billion
     
    Forest Service
    Wildfire risk reduction, ecosystem restoration, & more.
    $10+ billion
     
    NOAA
    Funding for flood inundation mapping, coastal resilience projects, habitat restoration, ocean observations, fisheries management, & more.
    $1.5 billion
     
    USDA
    Grants for producers and rural small businesses to finance renewable energy projects, for farmers to improve climate resiliency, for watershed protection and flood prevention, rural broadband, & more.
    $25 billion
    Executive Order Blocking All Foreign Assistance (EO 14169)
    Department of State & USAID
    Life-saving aid, funding to monitor and prevent the spread of infectious diseases that can reach our shores,  counterterrorism programs, programs to give U.S. businesses an edge over Chinese and other companies in foreign markets, funds owed to U.S. businesses for services rendered, & more.
    $30 billion
    Executive Order Halting Funding for Anything Deemed “DEI” (EO 14151)
    All agencies
    Any programs or expenditures the administration deems “woke.”
      ???   The administration has provided little to no clarity over what programs it is blocking (or will block) funding for under this EO.  
    Elon Musk & DOGE Actions
    All agencies
    Open question. Reports confirm DOGE sought access to central payment system to halt disbursements.
      ???    
    Other actions  
    All agencies
    ???
    ???
    TOTAL
     
     
    At least $455 billion
    *Funding in Jeopardy: this reflects our best understanding, as of afternoon on February 7, of what funding is being illegally withheld. The administration has failed to provide clear answers—and the actual number could be higher. This lack of transparency and responsiveness to Congress, and thus the American people, is without precedent.
    FOR MORE DETAILS, READ THE FULL FACT SHEET HERE.

    MIL OSI USA News

  • MIL-OSI Economics: Tech titans surge while legacy giants stumble in 2024, reveals GlobalData

    Source: GlobalData

    Tech titans surge while legacy giants stumble in 2024, reveals GlobalData

    Posted in Business Fundamentals

    The latest analysis of top market value gainers and losers has uncovered intriguing trends in the stock market. Notably, there is a significant surge in investor appetite for technology stocks, charting divergent market trajectories compared to other industries. During the evaluation period from 31 January 2024 to 31 January 2025, the top gainer in market value was Santa Clara-based GPU maker NVIDIA while the top loser was the Saudi Arabian Oil Company (Saudi Aramco), reveals the Company Profiles Database of GlobalData, a leading data and analytics company

    NVIDIA reportedly added a staggering $1.4 trillion to achieve a market capitalization of $2.9 trillion by the end of the review period. In stark contrast, Saudi Aramco witnessed its market value decline by $182.1 billion to reach $1.8 trillion.

    Murthy Grandhi, Company Profiles Analyst at GlobalData, comments: “NVIDIA’s explosive growth is largely attributed to its dominance in artificial intelligence (AI) chips, cloud computing, and data center expansion. As the primary supplier of AI GPUs, NVIDIA capitalized on the AI boom, securing massive contracts with cloud service providers and enterprises investing in machine learning.

    On the other side, Saudi Aramco witnessed a downturn in its stock value due to the ongoing global transition to renewable energy, lower demand from China, and the diminishing reliance on fossil fuels.

    Apple Inc, despite being the largest company by market value at $3.5 trillion, recorded a relatively modest growth of $697.8 billion. This highlights the challenges even tech giants face in maintaining exponential growth at such a massive scale.

    Grandhi continues: “Pharmaceutical companies, once considered recession-proof, have faced significant headwinds. Moderna Inc. saw its market value plummet to $15.2 billion, a decline of $23.4 billion, primarily due to the waning demand for COVID-19 vaccines and rising competition within the biotech sector. Denmark-based Novo Nordisk faced an $87.7 billion drop in valuation, attributed to regulatory scrutiny and intensifying competition in the weight-loss drug market. Meanwhile, Merck & Co., Inc. and Regeneron Pharmaceuticals Inc. experienced declines of $56.1 billion and $28.8 billion, respectively, as concerns over drug patent expirations and pricing pressures weighed on investor sentiment.”

    Samsung Electronics lost $114 billion in market cap due to weak consumer electronics demand and struggles to compete in the AI chip market. Intel shed $98 billion amid supply chain disruptions and intensifying competition. Adobe declined by $88.8 billion as software subscriptions slowed and AI-driven creative tools gained traction. AMD lost $82.7 billion due to softening semiconductor sales. ASML fell $37 billion, impacted by reduced chipmaker demand and the US sanctions restricting sales of advanced lithography equipment to China, limiting its access to one of its key markets.

    Grandhi concludes: “The coming months of 2025 will be highly volatile, driven by renewed tariff wars, interest rate cuts, and the divide between booming tech and struggling traditional industries. Geopolitical tensions, energy transitions, and inflation concerns will add uncertainty. While AI and renewables fuel investor optimism, supply chain disruptions and policy shifts pose risks. Businesses must embrace adaptability and diversification to navigate an unpredictable financial and economic landscape.”

    MIL OSI Economics

  • MIL-OSI Global: Generative AI, online platforms and compensation for content: the need for a new framework

    Source: The Conversation – France – By Thomas Paris, Associate professor, HEC Paris, researcher at CNRS, HEC Paris Business School

    The emergence of generative artificial intelligence has put the issue of compensation for content producers back on the table.

    Generative AI offers undeniable benefits but raises familiar fears tied to disruptive technologies. In the cultural and creative sectors, concerns are mounting over the potential replacement of human creators, the erosion of artistic authenticity and risks of copyright infringement. Legal battles are already emerging worldwide, with intellectual property owners and AI developers clashing over rights. Alongside these legal and ethical concerns lies the economic question: how should revenues generated by AI be fairly distributed?

    Copyright law (droits d’auteur), which is traditionally based on the reproduction or representation of specific works, may not be a fit for this question. Individual contributions to AI-generated outputs are often too complex to quantify, making it difficult to apply the principle of proportional remuneration, which holds that payment for an individual work is tied to the revenue it generates.

    An asymmetrical relationship

    The disputes surrounding generative AI echo long-standing tensions between digital platforms and content creators. Platforms such as Spotify, YouTube and TikTok dominate the music industry; Netflix and Apple lead in film and television; Steam in gaming; and Google and Meta in news media.

    These platforms wield enormous power in reshaping industries, influencing consumption patterns and establishing new power dynamics. On the one hand, they amplify the reach of creative works, but on the other, they rely on an inherently unequal relationship. For example, if Spotify removes a song, the artist’s reach and revenue may decline sharply, but Spotify itself is unlikely to suffer significant consequences–perhaps losing a few subscribers to competitors, at most.

    A Nobel Prize for platform economics

    The economics of digital platforms have been widely studied. This includes platforms’ two-sided market structure–a concept for which economist Jean Tirole won a Nobel prize in 2014. In this model, platforms act as intermediaries between two groups that benefit from each other: the more content a platform offers, the larger its audience grows, and the larger audience, in turn, attracts more content creators. This dynamic often leads to market concentration, and to platform strategies that subsidise one side to grow the other.

    However, most research in this area has not fully addressed the complexities of platforms’ relationships with different types of content. High-value “premium” content, such as live sporting events, holds a singular status compared to more common offerings. These distinctions are often overlooked, particularly when assessing the value different types of content bring to a platform’s economy.

    This question of value is central to the conflicts between platforms and content providers, as well as the emerging disputes between AI operators and content owners. The disputes underscore the need for a new framework, as traditional tools are proving inadequate for addressing these complex issues.

    The challenge of valuing content

    The news industry provides a clear example of the complex relationship between platforms and content providers. News publishers worldwide have long sought compensation from platforms such as Google and Meta for featuring their content. Google, for instance, indexes news articles alongside other types of content to enhance search relevance and platform value. However, the exact contribution of news content to Google’s business model is difficult to determine due to its layered, interconnected nature.

    Google’s ecosystem relies on indexing vast amounts of content, some of which is ad-supported, while other elements–such as Google News–do not generate direct revenue. Additionally, data collected across Google’s services improve ad targeting and search accuracy, further complicating efforts to isolate the value of specific content.

    Depending on user behaviour, content may either appear as a hypertext link directing users to the original publisher, or as a summary that keeps users within Google’s environment. In cases where users stay on Google, the platform effectively acts as a content provider, displaying excerpts in a crowded layout in which individual contributions are unclear. When users click through, Google serves as a traffic driver, sending readers to the publisher’s site. As a recommender, Google adds value to content; as a content provider, it extracts value from it. This dual role blurs the lines of compensation and also complicates efforts to determine how much an individual piece of content contributes to a platform’s overall success.

    A new paradigm

    Print media has been particularly affected by the rise of digital platforms, which profit significantly from news content. Disputes over how to measure the value of individual articles or publishers to platforms such as Google and Meta remain unresolved.

    These conflicts vary by country, with outcomes influenced by legal jurisdictions, power dynamics and negotiations. Some agreements are struck only to be later challenged, while in other cases, platforms respond by removing news content altogether. Courts often avoid setting explicit guidelines on revenue sharing, leaving many questions unanswered.

    This uncertainty reflects a broader shift. In the platform economy, individual content, or even entire categories of content, no longer has a clear, measurable contribution to overall value. Given the importance of platforms in the economies of cultural industries, developing a new framework to address these complexities is increasingly urgent.

    We were consulted on an occasional basis, in the context of a case mentioned, by a lawyer for one of the parties.

    ref. Generative AI, online platforms and compensation for content: the need for a new framework – https://theconversation.com/generative-ai-online-platforms-and-compensation-for-content-the-need-for-a-new-framework-242847

    MIL OSI – Global Reports

  • MIL-OSI USA: Neag School Alumni Board Announces the 2025 Alumni Award Winners

    Source: US State of Connecticut

    The UConn Neag School of Education and its Alumni Board are delighted to announce the 2025 Neag School Alumni Awards honorees. Eight outstanding graduates will be formally recognized at the Neag School’s 27th Annual Alumni Awards Celebration on Saturday, March 15.

    Outstanding School Educator – Tracey-Ann Lafayette ’15 (CLAS), ’15 (ED), ’16 MA, ’22 6th Year

    Tracey-Ann Lafayette ’15 (CLAS), ’15 (ED), ’16 MA, ’22 6th Year (Submitted photo)

    A graduate of the Neag School’s Integrated Bachelor’s/Master’s Teacher Education Program and UConn Administrator Preparation Program, Tracey-Ann Lafayette is an innovative educator dedicated to fostering inclusivity and academic excellence. She taught grades three and four at Robert J. O’Brien Elementary School in East Hartford, Connecticut, from 2016 until 2024. Currently, she teaches seventh-grade English Language Arts at Illing Middle School in Manchester, Connecticut. With expertise in culturally responsive teaching, Lafayette integrates diversity, advocacy, and conflict resolution into daily lessons, ensuring a positive classroom climate. A leader in professional development, Lafayette has facilitated workshops on equity and secured grants to support educational initiatives. Beyond the classroom, Lafayette has mentored aspiring educators of color through organizations like the Neag School’s Leadership in Diversity (LID) group, which she co-founded as a student, and the Neag School’s Diverse Educators Making Outstanding Change (DEMO) program. She co-founded the international Melanin Magic Educators collective, exemplifying her commitment to supporting educators of color. Her work has been featured on Connecticut’s WTNH Channel 8 and earned her a Fund for Teachers Fellowship (FFT). Through FFT, she had the opportunity to travel to South Africa to explore the connections between the country’s anti-apartheid movement and the civil rights movement here in the U.S. As a sought-after speaker, Lafayette has also presented at numerous conferences on anti-racist education and student activism. She is also a Malka Penn Award Committee member, allowing her to highlight literature promoting human rights.

    Outstanding Professional – Alicia Bowman ’01 (ED), ’02 MA, ’08 6th Year

    Alicia Bowman ’01 (ED), ’02 MA, ’08 6th Year (Submitted photo)

    Alicia Bowman is a highly accomplished educational leader with expertise in the instructional, operational, and financial aspects of school administration. As associate executive director of the Connecticut Association of Schools, Bowman champions visionary priorities for educational administrators through advocacy, coaching, and professional learning. Her tenure as assistant superintendent for finance and operations for Farmington Public Schools showcased her strategic leadership in mentoring, union collaboration, and large-scale improvement initiatives. Bowman’s impact extends to the classroom and beyond, having previously served as principal at Farmington’s West Woods Upper Elementary School, where she led innovative instructional models and established a Makerspace and flexible learning blocks. She is a lifelong learner, earning her bachelor’s, master’s, and 6th Year diploma from the Neag School, and her doctoral degree from the University of New England. She is also an adjunct faculty member, coach, and former mentor principal for the University of Connecticut Administrator Preparation Program (UCAPP). Widely recognized for her contributions, Bowman has been previously named National Distinguished Principal and Connecticut Elementary Principal of the Year. She has contributed to publications and presented at national forums on equity, leadership, and student-centered learning and is passionate about fostering inclusive, transformative educational systems.

    Outstanding Early Career Professional – Paul Singleton II ’17 MA, ’24 Ph.D.

    Paul Singleton II ’17 MA, ’24 Ph.D. (Submitted photo)

    Paul Singleton II is an accomplished educator, counselor, and advocate for equity in education, dedicated to fostering student success across diverse backgrounds. He holds a master’s in school counseling and a Ph.D. in educational psychology with a focus on counselor education and supervision from the Neag School, where his research centered on the impact of psychoeducational groups on African American male college students and their career readiness. Singleton is a counselor for grades seven through 12 and the diversity, equity, and inclusion coordinator at The Potomac School in McLean, Virginia. Singleton supports students’ academic and social-emotional development in these roles while implementing diversity, equity, and inclusion initiatives to build an inclusive school culture. He is also the founding director of the Learning & Engagement at the Potomac School (LEAP) Program, a pioneering effort to enhance student engagement and leadership through tailored support and mentorship. Previously, Singleton has contributed to initiatives such as UConn’s ScHOLA²RS House, focusing on retention and success for Black male students, and has taught graduate courses in school counseling. His widely recognized work, publications, and presentations reflect his passion for empowering students to achieve their full potential.

    Outstanding School Administrator – Lori Leibowitz ’19 Cert.

    Lori Leibowitz ’19 Cert. (Submitted photo)

    With over two decades of experience in education, Lori Leibowitz is a distinguished administrator, educator, and advocate for equity in gifted education who holds a graduate certificate from the Neag School in gifted education and talent development. As the district administrator for Gifted and Talented and the Arts in Norwalk, Connecticut, she has overseen the redesign and implementation of innovative programs, increasing gifted identification rates by 25% and ensuring equitable access for underrepresented populations. Leibowitz’s leadership extends across teacher coaching and districtwide events celebrating diversity and inclusion. A published author, Leibowitz has contributed to scholarly works on gifted education, talent development, and social justice for multilingual learners. Her dissertation at Baylor University focused on empowering Hispanic multilingual learners through a social justice curriculum. She is a sought-after presenter, sharing insights at national conferences such as the National Association of Gifted Children (NAGC), the National Association of Bilingual Educators (NABE), and UConn’s Confratute. Leibowitz has earned accolades such as the Gifted Coordinator Award (NAGC, 2020) and the Outstanding Dissertation Award (NABE, 2024). A dedicated advocate for transformative education, she continues to drive change through research, innovation, and collaboration.

    Outstanding School Superintendent – Howard Thiery III ’91 MS, ’07 ELP

    Howard J. Thiery III ’91 MS, ’07 ELP (Submitted photo)

    A graduate of the Neag School’s Executive Leadership Program (ELP), Howard Thiery III is a dedicated and innovative educational leader with over three decades of experience spanning K-12 and higher education. Thiery also holds a master’s degree in physiology and neurobiology from UConn. As superintendent of Regional School District 10 since 2019, he has championed initiatives that enhance student creativity, increase access to college-credit courses, and improve special education services. Under his leadership, the district has implemented a systemic leadership development system, restructured administrative frameworks to focus on high-quality learning, and launched personalized learning opportunities. Previously, Thiery served as superintendent for Regional School District 17, assistant superintendent for Southington Public Schools, and principal of the Greater Hartford Academy of Math and Science, where he managed curriculum development and led a visionary approach to STEM education. His contributions have extended internationally through his work with UConn’s Advanced Instructional Leadership Program in Jordan and his role as chair of the New England Association of Schools and Colleges Commission on International Education. An accomplished educator and author, Thiery’s publications and teaching reflect a lifelong commitment to academic excellence and innovation.

    Outstanding Higher Education Professional – Daniel Burkey ’23 MA

    Daniel Burkey ’23 MA (UConn photo)

    Daniel Burkey is an accomplished chemical engineer, educator, and academic leader. With degrees from Lehigh University, MIT, and the University of Connecticut, Burkey’s expertise spans chemical engineering and educational psychology, specializing in research methods and engineering education innovation. Currently the associate dean for undergraduate education, outreach, and diversity in UConn’s College of Engineering, he has overseen transformative growth, including a 70% enrollment increase and initiatives to triple female enrollment. He co-developed the College’s new Ph.D. in Engineering Education program and launched innovative undergraduate teaching programs. As an educator, Burkey integrates cutting-edge techniques like game-based learning, earning accolades such as the American Institute of Chemical Engineers (AIChE) David Himmelblau Award and multiple university teaching awards. His contributions to process safety education and curriculum design are widely recognized, alongside his leadership roles in professional organizations like AIChE, where he was recently elected as a Fellow. Burkey has secured significant research funding, authored book chapters, and developed pioneering educational technologies. Beyond academia, his mentorship and advocacy for diversity and inclusion continue to shape the next generation of engineers.

    Outstanding Diversity, Equity, and Inclusion Professional – Fany DeJesús Hannon ’08 MA

    Fany DeJesús Hannon ’08 MA (UConn photo)

    Fany DeJesús Hannon, who holds a Master of Arts in higher education from UConn, is an accomplished higher education administrator and educator dedicated to fostering holistic student success and belonging. She also holds a doctorate in education from New England College. As dean of students at UConn, she leads initiatives addressing critical issues like crisis management, free speech, and student equity, ensuring inclusive engagement and retention across diverse populations. With over 18 years of higher education leadership experience, Hannon has championed programs enhancing cultural identity, leadership, and academic achievement, notably increasing Latinx/a/o retention and graduation rates during her tenure as director of the Puerto Rican/Latin American Cultural Center. A passionate advocate for first-generation and marginalized students, Hannon collaborates with University leadership, faculty, and legislative bodies to develop policies supporting access, equity, and well-being. Her teaching philosophy, rooted in Paulo Freire’s scholarship, centers on student engagement and diverse learning styles. Recognized for her leadership, she has earned accolades like the Nuestro Orgullo Hispano award and has presented nationally on diversity and mentoring. Fluent in multiple languages, she combines strategic vision with cultural competency to empower and inspire future leaders.

    Distinguished Alumnus – Mark Daigneault ’07 (ED)

    Mark Daigneault ’07 (ED) (Oklahoma City Thunder photo)

    Mark Daigneault is the head coach of the NBA’s Oklahoma City Thunder. He previously served as head coach of the Oklahoma City Blue, the Thunder’s G-League affiliate, for five seasons. Originally from Massachusetts, Daigneault graduated with a BA in education from UConn, where he also worked as a student manager for the men’s basketball team. He has credited his studies with being able to connect with players. Daigneault’s coaching career began at Holy Cross, followed by an assistantship at the University of Florida, where he was involved in scouting and working with players off the court. During his tenure, the Gators achieved three SEC titles and four Elite Eight appearances. In 2020, Daigneault became the Thunder’s head coach, guiding the team through a rebuilding phase. Daigneault was 35 years old at the time, becoming the second-youngest head coach in the NBA. In 2023-2024, the Thunder became the youngest team in NBA history to earn the best regular season record in the NBA’s Western Conference, with Daigneault being awarded NBA Coach of the Year. Known for his innovative coaching style, defensive strategies, and player-development focus, Daigneault is praised by players for his adaptability and fostering strong relationships.

    For more information on the event, visit s.uconn.edu/NeagAlumni2025.

    To learn more about the UConn Neag School of Education, visit education.uconn.edu and follow the Neag School on InstagramFacebook, X, and LinkedIn. 

    MIL OSI USA News

  • MIL-OSI USA: UConn Engineering Boasts 9 National Academy of Inventors (NAI) Fellows

    Source: US State of Connecticut

    For people diagnosed with Atrial fibrillation, commonly known as AFib, the upper chambers of the heart beat rapidly and irregularly, leading to poor blood flow. This can cause an increased risk of stroke, chronic fatigue, or heart failure.

    Professor of Biomedical Engineering Ki Chon was elected an NAI Fellow in 2020.

    Professor of Biomedical Engineering Ki Chon has devoted his entire career at UConn developing advanced computational methods—or algorithms—that can improve accurate detection of AFib and other heart diseases. He holds multiple patents for these algorithms, which help monitor heart activity in smartwatches and other wearable devices.

    For his life-saving innovations, Chon, who’s also a Board of Trustees Distinguished Professor and Krenicki Chair Professor, is recognized as a National Academy of Inventors (NAI) Fellow. He’s among 13 academic inventors at UConn “who have demonstrated a prolific spirit of innovation in creating or facilitating outstanding inventions that have made a tangible impact on quality of life, economic development and the welfare of society.”

    Election to NAI Fellow status is the highest professional distinction accorded solely to academic inventors.

    Chon and eight other UConn NAI Fellows are affiliated with the College of Engineering, including:

    • UConn’s 17th and current President Radenka Maric, Board of Trustees Distinguished Professor and Chair Professor in Sustainable Energy in Chemical and Biomolecular Engineering and Materials Science and Engineering, earned the NAI Fellowship in 2019. Maric has significantly advanced understanding of materials and catalysts and has developed innovative manufacturing processes involved in fuel cell technologies, storage materials, and electrochemical sensors for health applications, leading to higher-performance, commercially viable clean energy systems. She also has six issued patents and 11 published patent disclosures.
    • Ji-Cheng “JC” Zhao, dean of the College of Engineering and professor of materials science and engineering, received the NAI Fellowship in 2022. Zhao’s research focuses are on design of advanced alloys and coatings, additive manufacturing (3D printing) of alloys and composites, high-throughput materials science methodologies, determination of phase diagrams and other materials properties, computational thermodynamics and kinetics, and also hydrogen/energy storage materials. In addition to many materials innovations, he pioneered the development of a diffusion-multiple approach and co-developed several materials property microscopy tools for accelerated materials discovery and development. Zhao has 49 patents covering a wide range of materials, processes, and systems.
    • Dr. Cato Laurencin, Albert and Wilda Van Dusen Distinguished Professor of Orthopaedic Surgery, professor of chemical and biomolecular engineering, professor of materials science and engineering, and professor of biomedical engineering, received the Fellowship in 2013 and was the first UConn faculty to become a NAI Fellow. He’s also a current member of the NAI’s Board of Directors and president of UConn’s NAI chapter. He has received the Connecticut Medal of Technology and Innovation, and the National Medal of Technology and Innovation in ceremonies at the White House. As Chief Executive Officer of the Cato T. Laurencin Institute on Regenerative Engineering and a practicing sports medicine and shoulder surgeon, Dr. Laurencin is known for being the pioneer of the field of regenerative engineering. He’s also produced seminal research and technologies on nanotechnology and tissue regeneration, polymer chemistry and polymeric materials science and engineering.
      Dr. Cato Laurencin is currently a member of the national selection committee for the National Academy of Inventors and serves as a resource to individuals interested in becoming Fellows at UConn. (Sean Flynn/UConn Photo)
    • Luyi Sun, professor of chemical and biomolecular engineering, was awarded the Fellowship in 2021. Sun studies polymeric materials, ceramics and glasses, and composites with a focus on designing materials with unique structure for specific applications, such as packaging, energy, or catalysis.
    • Bahram Javidi, Board of Trustees Distinguished Professor and SNET Endowed Chair Professor of Electrical and Computer Engineering, received the NAI Fellowship in 2018. Javidi’s inventions are in a broad range of transformative imaging approaches using optics and photonics. He has made seminal inventions in passive and active multi-dimensional imaging from nano to micro and macro scales. His inventions include advanced 3D displays, 3D augmented reality devices, underwater sensing and imaging, multi-dimensional object recognition and classification, optics for security and authentication systems, field portable bio-sensors for automated disease identification, among others.
    • UConn’s 16th President Tom Katsouleas, professor of electrical and computer engineering, was named a NAI Fellow in 2020. He invented the Surfatron accelerator that uses electromagnetic waves to accelerate charged particles.
    • Steven Suib, director of the Institute of Materials Science, Board of Trustees Distinguished Professor of Chemistry and graduate faculty member in Materials Science and Engineering, received the Fellowship in 2017. Suib, an inventor, holds more than 90 patents in the field of materials science, of which three are licensed. These patents are primarily for the synthesis of new compositions of matter of catalysts, ceramics, batteries, semiconductors, and other materials.
    • Lakshmi Nair, from UConn Health, received her Fellowship in 2016. She is an associate professor of orthopedic surgery and is also on the graduate faculty for Materials Science and Engineering Department. Nair studies biomaterial design and synthesis, protein and small molecule delivery, and using matrices to help with tissue regeneration.
      Lakshmi Nair, who serves on the graduate faculty for the Materials Science and Engineering Department, is vice president of UConn’s NAI Chapter.

    Other UConn faculty who are NAI Fellows include:

    Guillermo Risatti, from the College of Agriculture, Health and Natural Resources, is UConn’s most recent NAI Fellow. He received the award in 2024. Risatti, professor of pathobiology and veterinary science and director of UConn’s Connecticut Veterinary Diagnostic Medical Laboratory, was nominated to the NAI in recognition of his pioneering work in veterinary vaccine research. Most recently, he was a lead inventor on a new vaccine for African swine fever. Risatti currently holds 19 patents, all in the realm of veterinary vaccines.

    Dr. Se-Jin Lee, from UConn Health, earned the NAI Fellowship in 2015. Dr. Lee, Presidential Distinguished Professor of Genetics and Genome Sciences and a joint faculty appointment with The Jackson Laboratory for Genomic Medicine, is an expert on reproductive health, particularly how various growth factors and signaling pathways impact health, aging, and disease.

    Dr. Pramod Srivastava from UConn Health, was named a Fellow in 2015. Dr. Srivastava, professor of immunology and the Eversource Energy Chair in Experimental Oncology, also served as director of the Carole and Ray Neag Comprehensive Cancer Center. He has earned international acclaim and holds many patents for his groundbreaking work in the immunological function of heat shock proteins and in cancer immunology.

    And Diane Burgess, from the School of Pharmacy, received the NAI Fellowship in 2023. Burgess, Pfizer Distinguished Chair of Pharmaceutical Technology and Board of Trustees Distinguished Professor of Pharmaceutics, studies drug delivery systems including implantable biosensors for glucose monitoring for diabetic patients.

    These 13 NAI Fellows are among 2,068 worldwide, representing more than 300 prestigious universities and governmental and non-profit research institutes. Collectively, the Fellows hold more than 68,000 issued U.S. patents, which have generated over 20,000 licensed technologies, 4,000 companies, and created more than 1.2 million jobs. In addition, over $3.2 trillion in revenue has been generated based on NAI Fellow discoveries.

    Among all NAI Fellows, there are 755 members of the National Academies of Science, Engineering and Medicine; 63 inductees of the National Inventors Hall of Fame; 70 recipients of the U.S. National Medal of Technology and Innovation and U.S. National Medal of Science; and 57 Nobel Laureates, among other awards and distinctions.

    In addition to the elected NAI Fellows, the Academy also accepts NAI Senior Members, who may not reach the NAI Fellow criteria, but foster a spirit of innovation within their communities and institutions while educating and mentoring the next generation of inventors. Senior Members are active faculty, scientists, and administrators with success in patents, licensing, and commercialization and have produced technologies that have brought or aspire to bring, real impact on the welfare of society.

    Senior Members are nominated by their local NAI chapter. UConn’s NAI Chapter, NAI-UConn, is led by President Laurencin and Vice President Nair. NAI-UConn was established to promote scientific innovation across all disciplines in the UConn community.

    “As a group, we work to identify individuals who would make ideal Fellows and Senior Members by evaluating how they contribute to the ecosystem of inventorship,” Laurencin says. Laurencin is a member of the national selection committee for the National Academy of Inventors and serves as a resource to individuals interested in becoming Fellows.

    UConn currently has seven NAI Senior Members including:

    “Our inductees in the National Academy of Inventors confirm what we know to be true of UConn researchers and innovators,” says Pamir Alpay, UConn vice president for research, innovation, and entrepreneurship. “From engineering to health care, UConn researchers are helping to improve lives and advance technology. Congratulations to all our members of this prestigious Academy.”

    MIL OSI USA News

  • MIL-OSI Europe: OSCE calls for greater efforts to counter resurgent anti-Semitism and promote tolerance

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: OSCE calls for greater efforts to counter resurgent anti-Semitism and promote tolerance

    OSCE Chairperson-in-Office, Minister for Foreign Affairs of Finland Elina Valtonen, addresses conference on addressing anti-Semitism in the OSCE region, Helsinki, 10 February 2025. (OSCE) Photo details

    HELSINKI, 10 February 2025 – Governments, civil society, representatives of Jewish and other faith communities, as well as experts from across the OSCE region meet this week to take stock of current efforts to counter anti-Semitism and other forms of intolerance and find new ways forward to tackle this deep-rooted hatred at the annual Conference on Addressing Anti-Semitism in the OSCE Region, which opened today in Helsinki.
    “This year marks the 80th anniversary of the liberation of Auschwitz-Birkenau. As the living memory of the Holocaust fades, we have a profound responsibility to commemorate the victims of this atrocity and to understand its ongoing meaning and consequences,“ the Chairperson-in-Office of the OSCE and Minister for Foreign Affairs of Finland Elina Valtonen noted in her opening speech. “We must all do our part and strive to build tolerant, open, and inclusive societies, ensuring that everyone, especially the younger generation, can look forward to a future free from hatred.”
    Anti-Semitism has a long and complex history in the OSCE region, and it remains a major concern. This deep-rooted hatred does not only pose a threat to Jewish individuals, families, and communities, but also to democracy and a free, diverse and peaceful society. The OSCE was the first international organization to recognize that anti-Semitism is a real threat to security and stability in our region. The commitments in this area, culminating in the 2014 Basel Declaration in which states rejected and condemned anti-Semitism, remains the foundation and guiding principle of the organization’s work in this area.
    “The unspeakable atrocity of the Holocaust was the result of an ideology, an ancient hatred built on exclusion, marginalization, and the devaluation of human life,” emphasized Maria Telalian, Director of the OSCE Office for Democratic Institutions and Human Rights (ODIHR). “But through awareness raising and interfaith dialogue, we are planting the seeds of understanding and empathy, challenging the myths and stereotypes that have fuelled anti-Semitic hatred for far too long.”
    The conference will focus on numerous issues, including current and emerging trends and threats in the OSCE region, the impact of new and emerging technologies such as artificial intelligence, and the importance of education and interfaith dialogue in countering anti-Semitism and other forms of intolerance.
    Participants agreed that the commitment to tackling anti-Semitism and all other forms of hatred requires more than words. It requires proactive, comprehensive and sustained efforts, creative collaboration, and the courage to confront difficult truths. Only through cooperation between governments, civil society, Jewish and other religious or belief communities, the media, the private sector, universities, and international organizations, will it be possible to ensure the principles on which the OSCE is based become reality, helping to build a more resilient and secure region for all.
    “Participating States and international organizations including the OSCE have made considerable progress in the past two decades in addressing a resurgent anti-Semitism, with the drafting of national strategies, appointment of coordinators, more intensive monitoring of hate crimes and data collection, new educational initiatives, and enhanced security for synagogues and other communal centers. And yet, Jews throughout the OSCE region consider anti-Semitism today to be such a real threat that it has altered the way they live their lives.  This conference will be an opportunity to look carefully at what we are doing and what we must do better in order to reverse this trend,” the Personal Representative of the OSCE Chairperson-in-Office on Combating Anti-Semitism, Rabbi Andrew Baker noted.
    Government officials, civil society representatives and experts from across the OSCE’s 57 participating States participated in the conference, which is part of the official programme of Finland’s 2025 OSCE Chairpersonship. All OSCE states have unequivocally condemned anti-Semitism and other forms of intolerance and discrimination, and the 2025 Chair remains committed to combating anti-Semitic hatred as well as other kinds of intolerance and discrimination. 

    MIL OSI Europe News

  • MIL-OSI: Analog’s Timechain Revolution: Pioneering Proof-of-Time with $ANLOG Major Exchange Listings

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 10, 2025 (GLOBE NEWSWIRE) — Analog is set to become the gateway to blockchain’s future, powered by Timechain — a decentralised, boundary-breaking Layer-0 network. With the simultaneous listing of its native token, $ANLOG, on KuCoin, Bitget, MEXC and Gate.io, Analog takes a bold step forward in reshaping blockchain connectivity and expanding $ANLOG’s reach across the ecosystem.

    The $ANLOG token will be listed for trading on February 10th at 11 AM UTC with an ANLOG/USDT trading pair. Deposits and withdrawals will also go live at this time. Public sale and Airdrop participants can trade their $ANLOG tokens or use them within Analog’s growing ecosystem, while all users can acquire the token on the open market.

    Analog is led by a team of blockchain and DeFi experts with over 150 years of combined experience. The project has attracted major partners and investors including key players such as Tribe Capital, Near Foundation, Black Label Ventures, Wintermute, GSR, and DeSpread. These collaborations attest to the industry’s confidence in Analog’s potential to address the long-standing challenges of blockchain connectivity.

    As a multi-purpose utility token, $ANLOG supports transaction validation, staking, and governance participation. The token is used to secure the Timechain, a layer-0 blockchain that enables seamless cross-chain data and transaction flow, addressing one of the most critical bottlenecks in blockchain technology today. Analog’s suite of products, including the Watch SDK and GMP protocol, further distinguishes it from competitors, offering accessible solutions for developers to build interoperable decentralized applications without limitations.

    Analog’s ecosystem is expanding rapidly, with 50+ projects across DeFi, AI, NFTs, and gaming building on its technology. At the core of this growth are ecosystem dApps like Zenswap and Pixelport, which are deeply integrated into Analog’s infrastructure. Zenswap is revolutionising cross-chain swaps, enabling seamless asset transfers across multiple networks, while Pixelport is redefining NFT trading and digital ownership in a truly omnichain environment. Beyond these flagship dApps, a diverse range of projects — including Frax Finance, XYO, StationX, and Parami Protocol — are leveraging Analog’s Watch, GMP protocols, and automation tools to enhance cross-chain interactions, decentralised AI, and real-time data sharing.

    Analog continues to solidify its leadership in blockchain through the innovative proprietary Proof-of-Time (PoT) consensus mechanism. This cutting-edge protocol — validated by two officially approved patents. These patents highlight Analog’s commitment to pioneering solutions that overcome the limitations of fragmented blockchain ecosystems. Proof-of-Time is designed to enhance security and scalability by leveraging verifiable delay functions (VDFs), ensuring accurate data flow and secure operations across diverse chains. Although still under development, this mechanism exemplifies Analog’s forward-thinking ethos, positioning it as a transformative force in Web3’s future.

    Interest in Analog has been solidified by significant engagement on its testnet, which has attracted over 380,000 participants globally which have been verified through their innovative Proof-Of-Humanity system. The growing support, both on-chain and in the demand for its recent public token sale, reflects the industry’s enthusiasm for Analog’s approach to solving blockchain’s primary fragmentation challenges. The project is now positioned as a leading force in the $2 billion blockchain interoperability market which is poised for exponential growth as Web3 adoption soars.

    Analog’s innovations have broad appeal. From retail investors and blockchain developers to validators, DeFi enthusiasts, and those exploring decentralized science (DeSci), the potential impact is immense. Analog’s innovative solutions also hold significant promise for AI projects, enabling seamless cross-chain communication for data sharing and computation. Even communities centered around memecoins can benefit from a unified blockchain ecosystem, unlocking new possibilities for token utility and connectivity. With such a wide range of use cases, Analog is a compelling proposition for anyone interested in the future of interconnected blockchains.

    Analog’s focus on cross-chain interactions is critical as the space becomes increasingly fragmented. By enabling communication and transaction flow between different networks, Analog lays the groundwork for new levels of scalability, efficiency, decentralization, and connectivity across the broader Web3 and DeFi.

    The debut of $ANLOG on leading exchanges will enhance liquidity levels while making it easier for any user to access the token which will power Analog’s ecosystem and suite of products.

    About Analog

    Analog is the ultimate gateway for seamless blockchain connectivity, empowering developers to create dApps that work effortlessly across every network. Built as a natively chain-agnostic protocol, Analog redefines the multi-chain experience, enabling dApps and users to break boundaries and unlock new possibilities across blockchain ecosystems.

    Learn more: https://www.analog.one/

    Media Contact

    Name: Jaime Ekner
    Email: jaime@analog.one

    Disclaimer: This content is provided by Analog. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/504de97e-ceee-4511-a31d-fef40b6eea78

    The MIL Network

  • MIL-OSI Global: Healthcare in Africa on brink of crisis as US exits WHO and USAid freezes funds: health scholar explains why

    Source: The Conversation – Africa – By Catherine Kyobutungi, Executive Director, African Population and Health Research Center

    US president Donald Trump has taken a series of decisions that have delivered body blows to the global management of health. He has announced that the US will leave the World Health Organization. And a 90-day freeze has been placed on money distributed by the US Agency for International Development (USAid) pending a review by the US State Department. This includes funds for the President’s Emergency Plan for Aids Relief (Pepfar). The decisions have triggered alarm in the global health sector.

    Catherine Kyobutungi, executive director of the African Population and Health Research Center, outlines which countries are most at risk and which health programmes will suffer the most damage.

    What does the US exit mean for Africa?

    The US exit from the WHO and the freeze announced on USAid funding are devastating moves that will have drastic effects on the health of millions of people in Africa.

    The US is by far the WHO’s largest state donor, contributing approximately 18% of the agency’s total funding.

    US development aid is used to run large-scale health programmes on the continent. For example, Nigeria received approximately US$600 million in health assistance from the US, over 21% of the 2023 health budget.

    The WHO is a global health body that synthesises scientific research and develops guidelines that countries in Africa rely on to shape their own policies and practices.

    The biggest loss for Africa under the USAID umbrella will be funding for Pepfar, which is used for HIV-related programmes including prevention, testing and treatment. Through Pepfar, the US government has invested over US$110 billion in the global HIV/Aids response.




    Read more:
    WHO in Africa: three ways the continent stands to lose from Trump’s decision to pull out


    What’s going to be lost?

    A range of capabilities.

    Firstly, technical guidance. The WHO provides technical guidance to countries on issues ranging from TB management to cost-effective malaria control.

    Secondly, the ability to mobilise resources. The WHO has the mandate and mechanisms to assemble experts from across the globe to evaluate new therapeutics, diagnostics and vaccines. They can evaluate new evidence on emerging patterns of new bugs, resistance to current treatments, and so on.

    Thirdly, the WHO has tools and mechanisms that have been key to African countries’ health policy decisions. These include:

    • the WHO’s list of Essential Medicines to inform decision-making on critical drugs

    • a similar mechanism to evaluate new vaccines, resulting in guidance that makes regulatory approval faster and easier in African countries which don’t have strong systems.

    Fourth, the WHO also provides resources for emergency response, as in the event of disease outbreaks such as Ebola and COVID-19. The WHO is able to quickly mobilise experts and funds and to coordinate emergency responses.

    Fifth, the WHO provides evidence-informed guidelines. It does this by gathering and sharing information like the causes of outbreaks, while monitoring signals of potential outbreaks and coordinating efforts to develop new technologies, such as vaccines and medical devices.

    Sixth, the WHO’s ability to support critical programmes in tuberculosis prevention and emergency response will be reduced.

    Seventh, the withdrawal of US citizens working in these global agencies – and the orders to stop sharing data – mean the US is essentially excluded from global information-sharing mechanisms that keep us all safe. It will be harder to share information about emerging health threats in the US with the rest of the world and vice versa.

    Which countries will be most affected?

    Many African countries are heavily reliant on the support provided by Pepfar and USAID to fund programmes in the health sector and for humanitarian assistance.

    Countries which will be most affected are those with a high burden of HIV, TB and malaria and those with large populations of refugee and internally displaced people.

    Currently the top eight USAid recipients in Africa are: Nigeria, Mozambique, Tanzania, Uganda, South Africa, Kenya, Zambia and the Democratic Republic of Congo.

    Without funds being rapidly mobilised to fill the gap left by the US withdrawal, the effect on the health of millions of Africans is at stake. Failure to prevent new infections, and the threat of drug resistance developing because of disrupted treatment, will have far-reaching consequences.

    In Uganda, where about 1.4 million people are living with HIV/Aids, 60% of the spending on its HIV/Aids programme was from Pepfar, and about 20% from the Global Fund (partly funded from Pepfar).

    A drastic reduction in funding will be devastating for patients and the greater health system.

    The Pepfar programme, a lifeline for millions of Africans, has been under threat since before the most recent aid freeze. In 2024, the American congress only gave a one-year authorisation instead of the typical five-year funding authorisation.

    A conservative backlash against this programme has been growing for years with concerns that some funds may be used to fund abortion. The current authorisation expires in March 2025 and falls within the 90-day aid review period. With the current approval expiring next month, and in light of the current atmosphere, it is very likely that it may not be renewed.




    Read more:
    How US policy on abortion affects women in Africa


    What steps should African countries be taking?

    There has a been a lot of discussion around jobs and lives lost, but not much around what happens next: how African governments are planning on mitigating shortfalls in their health budget in the short term and foreseeable future.

    Therefore we need to ask our governments what that means for us and how they are planning to ensure that we do not reverse the gains made so far. This includes preventing millions of HIV infections, improved testing and provision of life-saving antiretroviral treatment.

    The sudden and drastic decisions taken by the Trump administration have been hailed by several commentators as the wake-up call the continent needs – to wean itself off dependency on a flawed “development aid” system that is admittedly a tool for geopolitical influence.




    Read more:
    US health funding cuts: what Nigeria stands to lose


    The disbelief and chaos in the global health sector should be rapidly mobilised into citizen action, for governments to invest in a critical sector that has depended on foreign assistance for too long. In the absence of sustained investment, the gains in the health sector may be lost, reversing decades of progress in global health.

    Lastly, Africans, especially scientists and academics, need to stand up to the worrying anti-science trend that underlies some of these drastic policies. The growing mistrust in science and scientific institutions will not abate unless it is challenged.

    It is ridiculous that a continent of 1.3 billion people is reliant on the whims of one man many kilometres away; on his signature on a single document.

    The world needs to wake up. We need to wake up.

    Catherine Kyobutungi works for the African Population and Health Research Center which receives funding from the National Institutes of Health, Wellcome, and the Gates Foundation

    ref. Healthcare in Africa on brink of crisis as US exits WHO and USAid freezes funds: health scholar explains why – https://theconversation.com/healthcare-in-africa-on-brink-of-crisis-as-us-exits-who-and-usaid-freezes-funds-health-scholar-explains-why-248906

    MIL OSI – Global Reports

  • MIL-OSI Africa: Healthcare in Africa on brink of crisis as US exits WHO and USAid freezes funds: health scholar explains why

    Source: The Conversation – Africa – By Catherine Kyobutungi, Executive Director, African Population and Health Research Center

    US president Donald Trump has taken a series of decisions that have delivered body blows to the global management of health. He has announced that the US will leave the World Health Organization. And a 90-day freeze has been placed on money distributed by the US Agency for International Development (USAid) pending a review by the US State Department. This includes funds for the President’s Emergency Plan for Aids Relief (Pepfar). The decisions have triggered alarm in the global health sector.

    Catherine Kyobutungi, executive director of the African Population and Health Research Center, outlines which countries are most at risk and which health programmes will suffer the most damage.

    What does the US exit mean for Africa?

    The US exit from the WHO and the freeze announced on USAid funding are devastating moves that will have drastic effects on the health of millions of people in Africa.

    The US is by far the WHO’s largest state donor, contributing approximately 18% of the agency’s total funding.

    US development aid is used to run large-scale health programmes on the continent. For example, Nigeria received approximately US$600 million in health assistance from the US, over 21% of the 2023 health budget.

    The WHO is a global health body that synthesises scientific research and develops guidelines that countries in Africa rely on to shape their own policies and practices.

    The biggest loss for Africa under the USAID umbrella will be funding for Pepfar, which is used for HIV-related programmes including prevention, testing and treatment. Through Pepfar, the US government has invested over US$110 billion in the global HIV/Aids response.


    Read more: WHO in Africa: three ways the continent stands to lose from Trump’s decision to pull out


    What’s going to be lost?

    A range of capabilities.

    Firstly, technical guidance. The WHO provides technical guidance to countries on issues ranging from TB management to cost-effective malaria control.

    Secondly, the ability to mobilise resources. The WHO has the mandate and mechanisms to assemble experts from across the globe to evaluate new therapeutics, diagnostics and vaccines. They can evaluate new evidence on emerging patterns of new bugs, resistance to current treatments, and so on.

    Thirdly, the WHO has tools and mechanisms that have been key to African countries’ health policy decisions. These include:

    • the WHO’s list of Essential Medicines to inform decision-making on critical drugs

    • a similar mechanism to evaluate new vaccines, resulting in guidance that makes regulatory approval faster and easier in African countries which don’t have strong systems.

    Fourth, the WHO also provides resources for emergency response, as in the event of disease outbreaks such as Ebola and COVID-19. The WHO is able to quickly mobilise experts and funds and to coordinate emergency responses.

    Fifth, the WHO provides evidence-informed guidelines. It does this by gathering and sharing information like the causes of outbreaks, while monitoring signals of potential outbreaks and coordinating efforts to develop new technologies, such as vaccines and medical devices.

    Sixth, the WHO’s ability to support critical programmes in tuberculosis prevention and emergency response will be reduced.

    Seventh, the withdrawal of US citizens working in these global agencies – and the orders to stop sharing data – mean the US is essentially excluded from global information-sharing mechanisms that keep us all safe. It will be harder to share information about emerging health threats in the US with the rest of the world and vice versa.

    Which countries will be most affected?

    Many African countries are heavily reliant on the support provided by Pepfar and USAID to fund programmes in the health sector and for humanitarian assistance.

    Countries which will be most affected are those with a high burden of HIV, TB and malaria and those with large populations of refugee and internally displaced people.

    Currently the top eight USAid recipients in Africa are: Nigeria, Mozambique, Tanzania, Uganda, South Africa, Kenya, Zambia and the Democratic Republic of Congo.

    Without funds being rapidly mobilised to fill the gap left by the US withdrawal, the effect on the health of millions of Africans is at stake. Failure to prevent new infections, and the threat of drug resistance developing because of disrupted treatment, will have far-reaching consequences.

    In Uganda, where about 1.4 million people are living with HIV/Aids, 60% of the spending on its HIV/Aids programme was from Pepfar, and about 20% from the Global Fund (partly funded from Pepfar).

    A drastic reduction in funding will be devastating for patients and the greater health system.

    The Pepfar programme, a lifeline for millions of Africans, has been under threat since before the most recent aid freeze. In 2024, the American congress only gave a one-year authorisation instead of the typical five-year funding authorisation.

    A conservative backlash against this programme has been growing for years with concerns that some funds may be used to fund abortion. The current authorisation expires in March 2025 and falls within the 90-day aid review period. With the current approval expiring next month, and in light of the current atmosphere, it is very likely that it may not be renewed.


    Read more: How US policy on abortion affects women in Africa


    What steps should African countries be taking?

    There has a been a lot of discussion around jobs and lives lost, but not much around what happens next: how African governments are planning on mitigating shortfalls in their health budget in the short term and foreseeable future.

    Therefore we need to ask our governments what that means for us and how they are planning to ensure that we do not reverse the gains made so far. This includes preventing millions of HIV infections, improved testing and provision of life-saving antiretroviral treatment.

    The sudden and drastic decisions taken by the Trump administration have been hailed by several commentators as the wake-up call the continent needs – to wean itself off dependency on a flawed “development aid” system that is admittedly a tool for geopolitical influence.


    Read more: US health funding cuts: what Nigeria stands to lose


    The disbelief and chaos in the global health sector should be rapidly mobilised into citizen action, for governments to invest in a critical sector that has depended on foreign assistance for too long. In the absence of sustained investment, the gains in the health sector may be lost, reversing decades of progress in global health.

    Lastly, Africans, especially scientists and academics, need to stand up to the worrying anti-science trend that underlies some of these drastic policies. The growing mistrust in science and scientific institutions will not abate unless it is challenged.

    It is ridiculous that a continent of 1.3 billion people is reliant on the whims of one man many kilometres away; on his signature on a single document.

    The world needs to wake up. We need to wake up.

    – Healthcare in Africa on brink of crisis as US exits WHO and USAid freezes funds: health scholar explains why
    – https://theconversation.com/healthcare-in-africa-on-brink-of-crisis-as-us-exits-who-and-usaid-freezes-funds-health-scholar-explains-why-248906

    MIL OSI Africa

  • MIL-OSI Global: Power vacuum in west Africa’s Sahel: 3 ways China could fill the gap as west exits

    Source: The Conversation – Africa – By Abdul-Gafar Tobi Oshodi, Faculty member, Department of Political Science, Lagos State University

    With France fast losing its influence in west Africa’s Sahel region and an unpredictable US president in power, will China fill the vacuum?

    The Sahel region covers 10 countries: Burkina Faso, Cameroon, Chad, The Gambia, Guinea, Mali, Mauritania, Niger, Nigeria and Senegal.

    French troops have been expelled from three of these – Mali, Burkina Faso and Niger – after military coups. Chad, Senegal and Ivory Coast have also expelled French troops. The troops were there because of the security threat from extremist groups like Boko Haram and Islamic State West Africa Province.

    Niger also ended an agreement to keep about 1,000 US troops involved in a counter-terrorism mission. Niger’s military government described the US as having a “condescending attitude”.

    While it has been rightly argued that the presence of the western powers did not resolve the security challenges of the region, their withdrawal creates a vacuum.

    I am a political science and international relations researcher who has been studying China-Africa relations for over a decade.

    I argue that Beijing could take advantage of the vacuum in the Sahel in at least three ways: expansion of investments in critical minerals; resolution of the Ecowas crisis (when Niger, Burkina Faso and Mali exited the regional bloc); and increased arms sales.

    This is especially so as China is not new to the Sahel region of west Africa. For instance, China is constructing a US$32 million headquarters for Ecowas in Abuja, Nigeria.

    Three ways China could benefit

    First, China could expand its influence – and the next four years hold enormous opportunities in this regard.

    US president Donald Trump’s likely transactional and unpredictable approach to international relations may force African countries to look to China. For instance, they may need China to help fill the void created by the US decision to dismantle USAID and freeze international development aid.

    Nigeria joined Brics as a partner country a few days before the inauguration of Trump. Brics is a group of emerging economies determined to act as a counterweight to the west and to whittle down the influence of global institutions. It was established in 2006 and initially composed of Brazil, Russia, India, and China. This decision by the largest economy in the Sahel is an expression of its commitment to China – with potential implications for other Sahelian countries.

    The vacuum offers Beijing the opportunity to strengthen its investment and position as a top beneficiary of the critical minerals, such as gold, copper, lithium and uranium, in the Sahel region.

    In 2024, west African gold production was estimated to be 11.83 million ounces. Ghana, Burkina Faso, the Republic of Guinea and Mali were the major contributors.

    Second, China is in a unique position to push for a resolution of the Ecowas crisis.

    Following military coups, the Ecowas regional economic bloc sanctioned Mali, Burkina Faso and Niger. Ecowas even threatened Niger with a military invasion. The three countries then decided to leave Ecowas to form the Alliance of Sahel States.

    As a neutral actor whose non-interference policy accommodates both civil and military regimes, Beijing is in a position to bring Ecowas and the Alliance of Sahel States into negotiation before the final departure date of 29 July 2025.

    If it succeeds, China would look more like a peaceful power, an image that is contested by others.

    Building on its soft power projects like the Confucius Institutes and scholarships, China would look like the “saviour” of Ecowas integration.

    This is what it did in the case of the Tazara railway project, where China supported Tanzania and Zambia to build a railway line together. It supported the African countries when the US and Europe had failed, were reluctant or were not interested.

    Third is Chinese arms sales.

    Chinese arms are already in the Sahel. In 2019, Nigeria signed a US$152 million contract with the China North Industries Corporation Limited (Norinco) to provide some of the weapons needed to fight the Boko Haram terror group. Since then, Chinese drones and other equipment have become a feature in Nigeria’s counter-terrorism response.

    The Chinese arms market could receive a major boost beyond Nigeria with the withdrawal of western countries from the Sahel. Western countries are likely to be reluctant to sell arms to the countries that have evicted their military.

    Sanctions on Russia have also increased the likelihood of Chinese arms in the Sahel.

    For example, a few months after France and the US left the region, some reports suggested that Russian mercenaries in the Sahel region were using Chinese weapons. Norinco – China’s top arms manufacturer and seventh largest arms supplier in the world – has opened sales offices in Nigeria and Senegal.

    In June 2024, Burkina Faso received 100 tanks from China. Three months after, Mali signed an agreement with Norinco to bolster its fight against terrorism.

    Bumpy road ahead

    China’s non-interference can accommodate both civil and military governments in the Sahel. This is an advantage for Beijing in some ways. But it could also have unexpected impacts.

    There are competing local interests in the Sahel and Beijing’s deepening involvement could be (mis)interpreted as supporting one over the other.

    This could make Chinese interests a target in the violence.

    It is also unclear if China is capable or willing to fill the vacuum created by the evicted western powers. But it looks as though China can benefit from the situation in the Sahel in the short term.

    Abdul-Gafar Tobi Oshodi has previously received research funding or travel support from organisations like the KU Leuven, Research Foundation Flanders (FWO), Social Science Research Council (SSRC), Centre of African Studies at the University of Edinburgh, Lagos State University, Chatham House (i.e. Robert Bosch Stiftung), Centre for Population and Environmental Development (CPED), Think Tank Initiative, the Carnegie Corporation of New York, Coimbra Group Scholarship Programme, Tertiary Education Trust Fund (TetFund), Global Challenge Research Fund (GCRF), American Council of Learned Societies’ African Humanities Program (ACLS-AHP), Merian Institute of Advanced Studies in Africa (MIASA), Development Studies Association (DSA) UK, Collective for the Renewal of Africa (CORA), Ford Foundation, Centre for Democracy and Development (CDD), and Economic Community for West African States (ECOWAS). However, I must clearly and strongly state that none of these funders have at any time sought to influence or influenced my writings or public engagement. Thus, this article is one of my many expressions of my academic freedom.

    ref. Power vacuum in west Africa’s Sahel: 3 ways China could fill the gap as west exits – https://theconversation.com/power-vacuum-in-west-africas-sahel-3-ways-china-could-fill-the-gap-as-west-exits-248353

    MIL OSI – Global Reports

  • MIL-OSI Africa: Power vacuum in west Africa’s Sahel: 3 ways China could fill the gap as west exits

    Source: The Conversation – Africa – By Abdul-Gafar Tobi Oshodi, Faculty member, Department of Political Science, Lagos State University

    With France fast losing its influence in west Africa’s Sahel region and an unpredictable US president in power, will China fill the vacuum?

    The Sahel region covers 10 countries: Burkina Faso, Cameroon, Chad, The Gambia, Guinea, Mali, Mauritania, Niger, Nigeria and Senegal.

    French troops have been expelled from three of these – Mali, Burkina Faso and Niger – after military coups. Chad, Senegal and Ivory Coast have also expelled French troops. The troops were there because of the security threat from extremist groups like Boko Haram and Islamic State West Africa Province.

    Niger also ended an agreement to keep about 1,000 US troops involved in a counter-terrorism mission. Niger’s military government described the US as having a “condescending attitude”.

    While it has been rightly argued that the presence of the western powers did not resolve the security challenges of the region, their withdrawal creates a vacuum.

    I am a political science and international relations researcher who has been studying China-Africa relations for over a decade.

    I argue that Beijing could take advantage of the vacuum in the Sahel in at least three ways: expansion of investments in critical minerals; resolution of the Ecowas crisis (when Niger, Burkina Faso and Mali exited the regional bloc); and increased arms sales.

    This is especially so as China is not new to the Sahel region of west Africa. For instance, China is constructing a US$32 million headquarters for Ecowas in Abuja, Nigeria.

    Three ways China could benefit

    First, China could expand its influence – and the next four years hold enormous opportunities in this regard.

    US president Donald Trump’s likely transactional and unpredictable approach to international relations may force African countries to look to China. For instance, they may need China to help fill the void created by the US decision to dismantle USAID and freeze international development aid.

    Nigeria joined Brics as a partner country a few days before the inauguration of Trump. Brics is a group of emerging economies determined to act as a counterweight to the west and to whittle down the influence of global institutions. It was established in 2006 and initially composed of Brazil, Russia, India, and China. This decision by the largest economy in the Sahel is an expression of its commitment to China – with potential implications for other Sahelian countries.

    The vacuum offers Beijing the opportunity to strengthen its investment and position as a top beneficiary of the critical minerals, such as gold, copper, lithium and uranium, in the Sahel region.

    In 2024, west African gold production was estimated to be 11.83 million ounces. Ghana, Burkina Faso, the Republic of Guinea and Mali were the major contributors.

    Second, China is in a unique position to push for a resolution of the Ecowas crisis.

    Following military coups, the Ecowas regional economic bloc sanctioned Mali, Burkina Faso and Niger. Ecowas even threatened Niger with a military invasion. The three countries then decided to leave Ecowas to form the Alliance of Sahel States.

    As a neutral actor whose non-interference policy accommodates both civil and military regimes, Beijing is in a position to bring Ecowas and the Alliance of Sahel States into negotiation before the final departure date of 29 July 2025.

    If it succeeds, China would look more like a peaceful power, an image that is contested by others.

    Building on its soft power projects like the Confucius Institutes and scholarships, China would look like the “saviour” of Ecowas integration.

    This is what it did in the case of the Tazara railway project, where China supported Tanzania and Zambia to build a railway line together. It supported the African countries when the US and Europe had failed, were reluctant or were not interested.

    Third is Chinese arms sales.

    Chinese arms are already in the Sahel. In 2019, Nigeria signed a US$152 million contract with the China North Industries Corporation Limited (Norinco) to provide some of the weapons needed to fight the Boko Haram terror group. Since then, Chinese drones and other equipment have become a feature in Nigeria’s counter-terrorism response.

    The Chinese arms market could receive a major boost beyond Nigeria with the withdrawal of western countries from the Sahel. Western countries are likely to be reluctant to sell arms to the countries that have evicted their military.

    Sanctions on Russia have also increased the likelihood of Chinese arms in the Sahel.

    For example, a few months after France and the US left the region, some reports suggested that Russian mercenaries in the Sahel region were using Chinese weapons. Norinco – China’s top arms manufacturer and seventh largest arms supplier in the world – has opened sales offices in Nigeria and Senegal.

    In June 2024, Burkina Faso received 100 tanks from China. Three months after, Mali signed an agreement with Norinco to bolster its fight against terrorism.

    Bumpy road ahead

    China’s non-interference can accommodate both civil and military governments in the Sahel. This is an advantage for Beijing in some ways. But it could also have unexpected impacts.

    There are competing local interests in the Sahel and Beijing’s deepening involvement could be (mis)interpreted as supporting one over the other.

    This could make Chinese interests a target in the violence.

    It is also unclear if China is capable or willing to fill the vacuum created by the evicted western powers. But it looks as though China can benefit from the situation in the Sahel in the short term.

    – Power vacuum in west Africa’s Sahel: 3 ways China could fill the gap as west exits
    – https://theconversation.com/power-vacuum-in-west-africas-sahel-3-ways-china-could-fill-the-gap-as-west-exits-248353

    MIL OSI Africa

  • MIL-OSI: Ataccama Appoints Scott Lewis as Chief Customer Officer and Matthew Lane as Chief Revenue Officer to Drive Data Trust and Accelerate Global Expansion

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 10, 2025 (GLOBE NEWSWIRE) — Ataccama, the data trust company, today announced the appointments of Scott Lewis as Chief Customer Officer (CCO) and Matthew Lane as Chief Revenue Officer (CRO). The leadership team expansion reinforces Ataccama’s commitment to data trust, customer success, and strategic growth as the company continues to empower enterprises to navigate complex data challenges and unlock the value of their data.

    Scott Lewis, a proven leader with more than 20 years of global experience in sales, pre-sales, and post-sales functions, assumes the new role of CCO. Previously SVP Customers at Ataccama, Scott brings a relentless focus on customer-centricity, with a mission to strengthen long-term partnerships, deliver faster time-to-value, and foster a data-driven culture among customers. His expertise in scaling global teams and developing innovative go-to-market strategies will help Ataccama customers unlock the full potential of their data.

    “As I step into this new role, I’m ambitious to continue evolving the overall experience of our customers and the value we deliver to them. This includes augmenting our offerings with skills that will enable us to better partner with our customers and help solve more of the challenges they face every day,” said Scott Lewis, CCO of Ataccama. “This starts with our team, and I’m excited to work closely with them to ensure that every decision they make prioritizes activities and best practices that drive the best outcomes for our customers. I encourage my teams to adopt a customer-centric mindset that focuses on understanding as much about the customer and what they are trying to achieve as possible. Fostering this deep understanding will set our customers up for success.”

    Having successfully served as SVP Global Sales for the past 18 months at Ataccama, Matthew Lane brings extensive expertise in scaling revenue operations and leading high-performing teams to his new role as CRO. Matthew will focus on expanding Ataccama’s partner ecosystem, driving growth in emerging industries, and aligning revenue strategies with the rising demand for trusted data management solutions. His leadership will further solidify Ataccama’s position as a trusted partner for organizations navigating the complexities of modern data governance.

    “We have already started building a culture and GTM foundation that I am incredibly proud of and, in this new position, I’m grateful to have been given the opportunity to build on Ataccama’s solid foundations to ensure we are driving world class engagement with our partners and customers,” said Matthew Lane, CRO of Ataccama. “As we continue along our exciting growth trajectory, it’s imperative that we stay customer-obsessed and deepen our reputation as a trustworthy vendor and a true partner. To achieve this, it’s important that our ‘Ataccamas’ feel seen, heard, valued and empowered every single day as I believe that our commitment to them bleeds into everything we touch – especially our customers.”

    These appointments reflect Ataccama’s dedication to delivering innovative solutions that empower enterprises to confidently address complex data challenges. With a continued focus on data trust and a growing global customer base, Ataccama is well-positioned to scale its impact and deliver tailored solutions across diverse industries.

    As part of its broader strategy, Ataccama is advancing its partner ecosystem and customer-focused offerings to drive value across industries. By providing vertical-specific expertise and sharing best practices developed through decades of experience, Ataccama enables customers to accelerate their journey toward trusted, business-ready data.

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

    The MIL Network

  • MIL-OSI: Animoca Brands leads Hivello funding round ahead of Token Listing

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 10, 2025 (GLOBE NEWSWIRE) — Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (“Blockmate” or the “Company”) is pleased to announce that:

    • Animoca Brands is leading the investment round of Blockmate’s subsidiary, Hivello Holdings Ltd (“Hivello”), and
    • Hivello’s associated token, HVLO, is scheduled for listing on leading exchanges, Gate.io and MEXC on February 11, 2025

    Animoca Brands leads the funding round alongside Taisu Ventures, NGC, Blockchange and Contango.

    Blockmate will not be directly issuing any tokens or receive any proceeds from the token listing. The token will be issued by the Swiss-based HVLO Association, under licence from Hivello Holdings Ltd.

    Below is the press release from Hivello:

    Hivello Secures Strategic Investment Led by Animoca Brands Ahead of Token Listing

    Highlights:

    • Animoca Brands leads investment into Hivello alongside Taisu Ventures, NGC, Blockchange and Contango.
    • Hivello will list its token (HVLO) on Gate.io and MEXC exchanges.
    • Animoca & Hivello are hosting a live X Space on 11th February

    London & Amsterdam, 10 February 2025 – Hivello, a DePIN aggregator that enables users to earn by monetising idle computer resources across multiple decentralised networks, has announced that Animoca Brands, the company driving digital property rights to help build the open metaverse, is leading its current funding round.

    Hivello will use the funds to further innovate and achieve its objectives of simplifying DePIN nodes and making them more user-friendly. Hivello is a DePIN aggregator focused on making DePINs more accessible. By allowing users to contribute their computing resources, Hivello enables them to earn through various Web3 protocols. Its mission is to eliminate the complexities often associated with decentralized networks, empowering users to engage in Web3 projects without needing specialized technical knowledge.

    In addition, Hivello’s Token Generation Event (TGE) is taking place on Gate.io and MEXC, marking a significant milestone in the company’s growth and ecosystem development. The $HVLO token will play a crucial role in powering Hivello’s decentralized economy, facilitating staking, rewards, and broader participation in DePIN networks.

    As part of this journey, Hivello and Animoca Brands will be hosting a live discussion to dive deeper into the company’s growth, investment landscape, and future roadmap.

    Event details:

    • Date & Time: February 11 at 5 PM HKT | 9 AM UTC | 4 AM EST | 10 AM CET
    • Streaming on X

    Animoca Brands is a global leader in gamification and blockchain with a large portfolio of over 540 investments in Web3. Its mission is to advance digital property rights and decentralized projects to help build the open metaverse. The investment announced today connects Hivello with Animoca Brands’ extensive experience and innovation, furthering Hivello’s mission to simplify access to DePIN and enable users to earn rewards by contributing their computer resources.

    Hivello is dedicated to making DePIN nodes accessible and user-friendly for everyone, breaking down complex barriers often associated with decentralized networks. Animoca Brands’ mission to deliver digital property rights to gamers and internet users worldwide aligns with Hivello’s goal of empowering users by enabling them to contribute to DePIN networks. Both companies focus on providing users with true ownership and control over their digital assets.

    Yat Siu, the co-founder and executive chairman of Animoca Brands, said: “Animoca Brands is dedicated to building a more equitable digital framework that enables all users to benefit from the many advantages conferred by digital property rights. We are thrilled to support Hivello’s efforts to make DePIN nodes more accessible and user-friendly, helping to advance and simplify true digital ownership, network effects, and the open metaverse.’’

    Domenic Carosa, co-founder and chairman of Hivello, said: “We welcome Animoca Brands as a strategic partner and lead investor in our latest funding round. Its expertise and innovation in the digital and blockchain space will be instrumental as we continue to simplify access to decentralized physical infrastructure networks.”

    About Animoca Brands
    Animoca Brands, a Deloitte Tech Fast winner and ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021, is a leader in digital entertainment, blockchain and gamification. It develops and publishes a broad portfolio of products, including the REVV token and SAND token; original games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products using popular intellectual properties including Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP and Formula E. The company has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Bondly, Lympo, and Grease Monkey Games.

    About Hivello
    Hivello is an aggregator of DePIN projects that allows any user to participate in a variety of DePIN networks with just a few clicks. This eliminates the technical hurdles that many users face when trying to join these networks, and allows users to generate an extra source of income by mobilizing their idle computers. We aim to create a simple app that allows users to contribute their computer resources with no technical knowledge required. It’s as easy as downloading, installing, and running nodes, making complex technologies accessible and beneficial to all.
    For more information about Hivello and to stay updated on its developments, visit www.hivello.com

    About Blockmate Ventures Inc.

    Blockmate Ventures is a venture creator focussing on building fast-growing technology businesses relating to cutting-edge sectors such as blockchain, AI and renewable energy. Working with prospective founders, projects in incubation can benefit from the Blockmate ecosystem that offers tech, services, integrations and advice to accelerate the incubation of projects towards monetization. Recent projects include Hivello (download the free passive income app at www.hivello.com) and Sunified, digitising solar energy.

    The leadership team at Blockmate Ventures have successfully founded successful tech companies from the Dotcom era through to the social media era. Learn more about being a Blockmate at: www.blockmate.com.

    Blockmate welcomes investors to join the Company’s mailing list for the latest updates and industry research by subscribing at https://www.blockmate.com/subscribe.

    ON BEHALF OF THE BOARD OF DIRECTORS

    Justin Rosenberg, CEO
    Blockmate Ventures Inc
    justin@blockmate.com
    (+1-580-262-6130)

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

    Forward-Looking Information
    This news release contains “forward-looking statements” or “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on the assumptions, expectations, estimates and projections as of the date of this news release. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Raindrop disclaims any obligation to update any forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.

    The MIL Network

  • MIL-OSI Global: 5 premium online research tools all Philly students can use for free

    Source: The Conversation – USA – By Joyce Valenza, Associate Teaching Professor of Library and Information Science, Rutgers University

    The School District of Philadelphia has 250 district and alternative schools – but only a few have libraries with certified librarians. Lisa5201/E+ Collection via Getty Images

    Years ago, as a high school librarian in suburban Philadelphia, I hosted a group of honors students from a high school just across the nearby city border. With the support of their alumni association, the city students planned to build a library at their school.

    While our 30,000-volume physical collection impressed them, it was our virtual library, websites designed to support student projects, and subscription-based digital collections and databases that evoked the most profound reaction.

    When I asked the students what they were researching, in unison, they responded “Hamlet criticism.” When I showed them results from an e-book database from the POWER Library web portal, I heard gasps.

    One young man pulled a dog-eared book out from his backpack. “Wait a minute,” he said. “Do you mean that we’ve been passing this single book around when all of those e-books are available to us free?”

    His parting words haunted me: “We will never be able to compete with those students when we go to college.”

    As a library and information science professor, and a librarian for 40 years, I have researched information equity disparities among high school students and witnessed them firsthand.

    Consider, for example, this startling figure: The School District of Philadelphia has just four certified librarians for its nearly 118,000 students across 250 schools. The district confirmed this number in an email to The Conversation U.S.

    Many of the nearby suburban districts that border Philadelphia, such as Lower Merion, Abington, Upper Darby, Haverford Township and Springfield Township, where I worked, have at least one librarian per school.

    Philadelphia’s school district is making efforts to address the librarian shortage. In late 2024, it hired a director of library science, Jean Darnell, who plans to add more libraries and librarians to district schools. But she cautions that it will require financial resources to do so.

    Information privilege

    The gap discovered by the students I hosted that day wasn’t just about one book versus many. It was about not having the same high-quality, paywalled tools for research, and the guidance of trained librarians to help them navigate the research process.

    Information science researchers refer to this gap as information privilege.

    Inspired by education activist and researcher Peggy McIntosh’s 1989 essay “White Privilege: Unpacking the Invisible Knapsack,” Duke University librarian Hannah Rozear designed a graphic to illustrate what information privilege looks like for high school and college students.

    Duke University librarian Hannah Rozear offers examples of what information privilege looks like for high school and college students.
    Hannah Rozear, CC BY-NC-SA

    As part of my work on an information equity initiative for the International Society for Technology in Education, I enhanced the diagram. I wanted to expand the notion of equity of information access and equity of information experiences in K-12 education.

    The author expanded the Information Privilege backpack concept to apply to K-12 students.
    Joyce Valenza, CC BY-NC-SA

    In addition to simply having access to a variety of high-quality resources, students with information privilege learn to critically and ethically use information to create and share meaningful research projects with the knowledge they build.

    That student’s realization of what he didn’t know he didn’t have sparked my development of a three-year research project with colleagues across six New Jersey colleges. Our team of academic librarians, library and information science educators, and high school librarians followed students who had certified high school librarians into their first college year.

    We found dramatic differences in college preparedness based on high school library experiences.

    The students who had certified high school librarians consistently reported feeling fully prepared for college-level research. They were confident in navigating academic databases. They arrived at college able to identify information needs, understand information genres, search effectively, and craft thoughtful arguments from their research. They were also better able to meet the standards for information literacy at the college level.

    Students who had librarians in high school felt better prepared for college-level research, the author’s study found.
    Visual Vic/Moment Collection via Getty Images

    Access to POWER library

    Due in part to the lack of school librarians, many Philadelphia parents and students haven’t yet been introduced to the freely available resources of the POWER Library.

    Sponsored by the Office of Commonwealth Libraries and the Pennsylvania Department of Education, the POWER Library portal offers audio books and e-books, movies, reference materials, magazines, journals, newspapers and other digital resources for users of all ages.

    Annual subscriptions to these resources would cost US$56,515 for schools and $73,366 for public libraries.

    In Pennsylvania, if your school has a library, the librarian will have ensured that students can easily log in to the POWER Library during school hours.

    Pennsylvania students in schools without a library or a librarian can independently access the POWER library at any hour of the day using the barcode on their public library card, or by signing up for a POWER Library eCard.

    The POWER Library page highlights Power Teens and Power Kids resources.

    Here are five of my favorite tools from the collection that support students’ academic research:

    1. EBSCO eBooks – This collection of more than 16,000 e-books includes nonfiction, textbooks, specialized subject area encyclopedias, literary criticism, and college prep and other study guides.

    2. AP Newsroom – With more than 3,000 media items added daily, AP Newsroom allows students to visually explore 185 years of world history and breaking news through on-the-scene, high-quality photography, sound, video and graphics. Topics cover major events as well as sports, culture and entertainment. Students will find primary source content to track developing stories and support research and analysis of historic events. Over 20 million royalty-free stock images are included.

    3. Gale eBooks – Gale, a well-respected publisher, offers students a complete library reference section available from anywhere. The high-quality encyclopedias and multivolume reference sets span literature, American and global history, social issues, science, biography, business and much more.

    4. Gale OneFile: High School Edition – This research portal connects students to magazines, journals, newspapers, reference books and engaging multimedia that cover the wide range of subjects they might encounter in a high school curriculum. It also prepares them for the academic databases they’ll encounter at college. Gale In Context: Elementary, meanwhile, offers a similar range of kid-friendly content for younger researchers.

    5. SIRS Discoverer – For upper-elementary and middle schoolers, SIRS Discoverer engages students’ curiosity and critical thinking in such areas as animals, countries, states and biographies. Don’t miss the “Issues” section, which covers topical issues like global warming, artificial intelligence and cellphones in schools with contextual information, vocabulary and organized viewpoints.

    Libraries offer democratic access to critical information by providing free entry to digital resources that would otherwise be too costly for most people. This is true whether you’re a student or not.

    In addition to the POWER Library, anyone who lives, works, pays taxes or attends school in Philadelphia can use the extensive digital resources offered by the Free Library of Philadelphia.

    Residents outside Pennsylvania can use this map to identify similar resources in their state, or they can explore the databases provided by public libraries around the country.

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

    ref. 5 premium online research tools all Philly students can use for free – https://theconversation.com/5-premium-online-research-tools-all-philly-students-can-use-for-free-237930

    MIL OSI – Global Reports

  • MIL-OSI Global: Here’s how researchers are helping AIs get their facts straight

    Source: The Conversation – USA – By Lu Wang, Associate Professor of Computer Science and Engineering, University of Michigan

    AI chatbots need help learning to give accurate answers. CreativaImages/iStock via Getty Images

    AI has made it easier than ever to find information: Ask ChatGPT almost anything, and the system swiftly delivers an answer. But the large language models that power popular tools like OpenAI’s ChatGPT or Anthropic’s Claude were not designed to be accurate or factual. They regularly “hallucinate” and offer up falsehoods as if they were hard facts.

    Yet people are relying more and more on AI to answer their questions. Half of all people in the U.S. between the ages of 14 and 22 now use AI to get information, according to a 2024 Harvard study. An analysis by The Washington Post found that more than 17% of prompts on ChatGPT are requests for information.

    One way researchers are attempting to improve the information AI systems give is to have the systems indicate how confident they are in the accuracy of their answers. I’m a computer scientist who studies natural language processing and machine learning. My lab at the University of Michigan has developed a new way of deriving confidence scores that improves the accuracy of AI chatbot answers. But confidence scores can only do so much.

    Popular and problematic

    Leading technology companies are increasingly integrating AI into search engines. Google now offers AI Overviews that appear as text summaries above the usual list of links in any search result. Other upstart search engines, such as Perplexity, are challenging traditional search engines with their own AI-generated summaries.

    The convenience of these summaries has made these tools very popular. Why scour the contents of multiple websites when AI can provide the most pertinent information in a few seconds?

    AI tools seem to offer a smoother, more expedient avenue to getting information. But they can also lead people astray or even expose them to harmful falsehoods. My lab has found that even the most accurate AI models hallucinate in 25% of claims. This hallucination rate is concerning because other research suggests AI can influence what people think.

    It bears emphasizing: AI chatbots are designed to sound good, not give accurate information.

    Language models hallucinate because they learn and operate on statistical patterns drawn from a massive amount of text data, much of which comes from the internet. This means that they are not necessarily grounded in real-world facts. They also lack other human competencies, like common sense and the ability to distinguish between serious expressions and sarcastic ones.

    All this was on display last spring, when a user asked Google’s AI Overviews tool to suggest a way to keep cheese from sliding off a pizza. The tool promptly recommended mixing the cheese with glue. It then came to light that someone had once posted this obviously tongue-in-cheek recommendation on Reddit. Like most large language models, Google’s model had likely been trained with information scraped from myriad internet sources, including Reddit. It then mistakenly interpreted this user’s joke as a genuine suggestion.

    While most users wouldn’t take the glue recommendation seriously, some hallucinated information can cause real harm. AI search engines and chatbots have repeatedly been caught citing debunked, racist pseudoscience as fact. Last year, Perplexity AI stated that a police officer in California was guilty of a crime that he did not commit.

    Showing confidence

    Building AI systems that prioritize veracity is challenging, but not impossible. One way AI developers are approaching this problem is to design models that communicate their confidence in their answers. This typically comes in the form of a confidence score – a number indicating how likely it is that a model is providing accurate information. But estimating a model’s confidence in the content it provides is also a complicated task.

    How confidence scores work in machine learning.

    One common approach to making this estimate involves asking the model to repeatedly respond to a given query. If the model is reliable, it should generate similar answers to the same query. If it can’t answer consistently, the AI is likely lacking the information it needs to answer accurately. Over time, the results of these tests become the AI’s confidence scores for specific subject areas.

    Other approaches evaluate AI accuracy by directly prompting and training models to state how confident they are in their answers. But this offers no real accountability. Allowing an AI to evaluate its own confidence leaves room for the system to give itself a passing grade and continue to offer false or harmful information.

    My lab has designed algorithms that assign confidence scores by breaking down a large language model’s responses into individual claims that can be automatically cross-referenced with Wikipedia. We assess the semantic equivalence between the AI model’s output and the referenced Wikipedia entries for the assertions. Our approach allows the AI to quickly evaluate the accuracy of all its statements. Of course, relying on Wikipedia articles, which are usually but not always accurate, also has its limitations.

    Publishing confidence scores along with a model’s answers could help people to think more critically about the veracity of information that these tools provide. A language model can also be trained to withhold information if it earns a confidence score that falls below a set threshold. My lab has also shown that confidence scores can be used to help AI models generate more accurate answers.

    Limits of confidence

    There’s still a long way to go to ensure truly accurate AI. Most of these approaches assume that the information needed to correctly evaluate an AI’s accuracy can be found on Wikipedia and other online databases.

    But when accurate information is just not that easy to come by, confidence estimates can be misleading. To account for cases like these, Google has developed special mechanisms for evaluating AI-generated statements. My lab has similarly compiled a benchmarking dataset of prompts that commonly cause hallucinations.

    But all these approaches verify basic facts – there are no automated methods for evaluating other facets of long-form content, such as cause-and-effect relationships or an AI’s ability to reason over text consisting of more than one sentence.

    Developing tools that improve these elements of AI are key steps toward making the technology a source of trustworthy information – and avoid the harms that misinformation can cause.

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

    ref. Here’s how researchers are helping AIs get their facts straight – https://theconversation.com/heres-how-researchers-are-helping-ais-get-their-facts-straight-245463

    MIL OSI – Global Reports

  • MIL-OSI: ITS Logistics Unveils DropFleet to Serve Complex Drop Trailer and Trailer Pool Solutions

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., Feb. 10, 2025 (GLOBE NEWSWIRE) — ITS Logistics, one of the fastest-growing logistics companies in the United States, has unveiled DropFleet, a premium trailer pool and drop trailer solution. DropFleet delivers cost-effective dedicated capacity and flexible, on-demand transportation anywhere by combining power-only services with ITS trailers. 

    Tailor-made for businesses with complex and time-sensitive supply chains, DropFleet provides value for those in the ecommerce, automotive, retail, manufacturing, and technology sectors. As a leader in freight brokerage—ranked #19 nationally—ITS Logistics leverages its flexible and scalable hybrid capacity model to address some of the most pressing challenges in the logistics industry, including dramatic fluctuations in demand, peak season surges, asset visibility, and carrier management.

    “Over 40% of our volume includes dense, complex drop trailer projects,” said Josh Allen, CCO of ITS Logistics. “We designed DropFleet as a dynamic, asset-smart solution that provides our customers with a reliable and universal service capable of meeting their unique supply chain needs.”

    ITS has implemented the offering for some of its most demanding clients, including a top ten automotive manufacturer that employs a fleet of 200 specially-modified ITS trailers across 70 daily lanes. By leveraging an asset-lite approach to keep trailers on site, the company has resolved live loading challenges, streamlined operations, and achieved a 98% on-time delivery rate.

    “Our reach extends beyond our owned equipment to that of our carrier partners, giving us massive flexibility and scale into every major U.S. market,” continued Allen.

    With DropFleet, shippers can take advantage of several key benefits, including:

    • Dedicated Capacity: Secure, reliable transportation assets when and where they are needed most
    • Enhanced Visibility: Real-time tracking capabilities ensure precise asset management and shipment tracking
    • Scalability and Flexibility: Adjust trailer usage seamlessly to accommodate peak seasons and inventory surges
    • Fraud Protection: Robust fraud prevention measures and comprehensive carrier vetting that surpasses industry standards

    “We’ve seen increasing demand from customers for these flexible solutions that provide them more control over their supply chain operations,” Allen continued. “DropFleet is a direct response to that demand. We’re excited to continue improving and scaling this offering with AI-driven technology, a highly vetted carrier network, a rapidly expanding footprint, and an experienced team to set a new standard for drop trailer and trailer pool services.”

    For more information about DropFleet and ITS Logistics’ comprehensive service offerings, visit https://www.its4logistics.com/services.

    About ITS Logistics

    ITS Logistics is one of North America’s fastest-growing, asset-based modern 3PLs, providing solutions for the industry’s most complicated supply chain challenges. With a people-first culture committed to excellence, the company relentlessly strives to deliver unmatched value through best-in-class service, expertise, and innovation. The ITS Logistics portfolio features North America’s #19 asset-lite freight brokerage, the #12 drayage and intermodal solution, a top 50 dedicated fleet, an innovative cloud-based technology ecosystem, and a nationwide distribution and fulfillment network.

    Media Contact
    Amber Good
    LeadCoverage
    amber@leadcoverage.com

    The MIL Network

  • MIL-OSI: Diamond Equity Research Releases Update Note on Genius Group Ltd. (NYSE: GNS)

    Source: GlobeNewswire (MIL-OSI)

    New York, Feb. 10, 2025 (GLOBE NEWSWIRE) — Diamond Equity Research Releases Update Note on Genius Group Ltd. (NYSE: GNS)

    New York, NY

    Diamond Equity Research, a leading equity research firm with a focus on small capitalization public companies has released an update note on Genius Group Ltd. (NYSE: GNS). The update note includes information on Genius Group Ltd.’s recent developments, management commentary, future outlook, and risks.

    The update note is available below.

    Genius Group February 2025 Update Note

    Highlights from the note include:

    • Genius Group Launches $33 Million Rights Offering to Strengthen Its Bitcoin Treasury: Genius Group’s Board approved a rights offering aimed at raising up to $33 million to expand the company’s Bitcoin Treasury, with 100% of net proceeds dedicated to purchasing Bitcoin. The offering provides shareholders with the opportunity to acquire additional ordinary shares at a fixed subscription price, reinforcing the company’s commitment to its Bitcoin-first strategy. Key terms of the Rights Offering include:
      • Shareholder Rights Allocation: Each shareholder received one transferable right for every ordinary share held as of the record date on January 24, 2025, with the number rounded up to the nearest whole right. The company’s ordinary shares began trading ex-rights on January 24, 2025.
      • Subscription Details: Each right entitles the holder to purchase one ordinary share at a subscription price of $0.50. Shareholders fully exercising their basic subscription rights are eligible for an over-subscription privilege, which allows them to subscribe for additional ordinary shares on a pro rata basis. Rights holders may also choose to sell any rights they opt not to exercise.
      • Trading and Expiration Details: Rights trading commenced on a “when-issued” basis on January 23, 2025, under the symbol “GNS RTWI.” Regular trading of the rights began on January 27, 2025, under the symbol “GNS RT” and will continue until the close of trading on February 13, 2025. The offering expires at 4:30 p.m. Eastern Time on February 14, 2025, unless extended by the company. Registered shareholders received rights certificates based on the company’s stockholder registry, while those holding shares in “street name” will see the rights reflected in their brokerage accounts.
      • Additional Potential Funding: In addition to the $33 million rights offering, the company plans to pursue additional loan financings of up to approximately $22 million. If fully secured, this combined funding is expected to boost the Bitcoin Treasury from current levels, reported between $40 million and $45 million, to a range between $86 million and $100 million.
      • Management Participation: Complementing this initiative, Founder and CEO Roger Hamilton has completed his planned transactions, having acquired 500,000 shares under the pre-approved plan and subsequently purchasing an additional 500,000 shares on January 15, 2025, resulting in a holding of approximately 6.8 million shares. Mr. Hamilton has also notified the Company that he will fully subscribe to his rights under this Rights Offering, which will entitle him to acquire an additional 6.8 million shares on the same terms as all shareholders on the Record Date.

    This rights issue follows Genius Group’s established Bitcoin treasury approach and can be positive for shareholders if Bitcoin’s momentum persists-currently trading above $96,000 and recently peaking at $108,000. However, should Bitcoin’s price fall, the impact on shareholders could be less favorable, as the benefits of this initiative are closely tied to Bitcoin’s continued upward performance, which some analyst reports suggest is likely to persist.

    • Genius Group Expands Bitcoin Treasury to $42 Million Amid Strategic Financial Milestones: Genius Group has further advanced its Bitcoin-first strategy by acquiring an additional $12 million of Bitcoin, bringing its Bitcoin Treasury to 440 Bitcoin at a new average price of $95,519 per Bitcoin. This $42 million purchase, completed within three months of the November 12, 2024 announcement to allocate 90% or more of its current and future reserves to Bitcoin (with an initial target of $120 million), builds on an earlier milestone where the company secured 319.4 Bitcoin for $30 million at an average price of $93,919 per Bitcoin within two months. At an earlier date, as of Friday, January 31, 2025, Genius Group’s 440-Bitcoin holding was valued at $46 million, while the company’s market capitalization was $33.1 million (derived from 68.8 million issued shares trading at $0.48), resulting in a BTC/Price ratio of 139%, making Genius Group one of the highest among its peers. This ratio tells us that 139% of Genius Group’s market value is directly backed by its Bitcoin holdings, a stark contrast to the industry average of approximately 40% observed among other popular Bitcoin treasury companies, such as Microstrategy, Marathon Digital Holdings, and Riot Platforms. Funding for these purchases has been sourced from a mix of internal reserves, the use of its ATM facility, and debt financing from crypto-backed loan platform Arch Lending. In addition, the company has approved a Founder Compensation Plan with Founder and CEO Roger Hamilton that sets forth long-term milestones, including goals to reach a $1 billion market cap and to grow the Bitcoin Treasury’s net asset value to $1 billion within the next 10 years.

    About Genius Group Limited

    Genius Group Ltd. (NYSE: GNS) is a Bitcoin treasury company with an AI powered education platform engaged in providing AI training and AI tools to 5.4 million students in over 200 countries worldwide. It aims to develop an AI-powered lifelong learning curriculum and make its educational products accessible worldwide to all age groups.

    For more information, visit https://www.geniusgroup.net/

    About Diamond Equity Research

    Diamond Equity Research is a leading equity research and corporate access firm focused on small capitalization companies. Diamond Equity Research is an approved sell-side provider on major institutional investor platforms.

    For more information, visit https://www.diamondequityresearch.com.

    Disclosures:

    Diamond Equity Research LLC is being compensated by Genius Group Limited for producing research materials regarding Genius Group Limited, and its securities, which is meant to subsidize the high cost of creating the report and monitoring the security, however, the views in the report reflect that of Diamond Equity Research. All payments are received upfront and are billed for an annual or semi-annual research engagement. As of 02/10/2025, the issuer had paid us $81,000 for our research services, which commenced 04/16/2022 and was billed annually for the first year for $27,000 and after in equal installments of $13,500 for six-month semi-annual periods with $13,500 received in April 2023 for six-month terms. $27,000 was paid in May 2024 (payment was for two outstanding six-month payment terms of October 2023 and April 2024, allocated to the following six-month periods of research coverage in each respective period), and $13,500 received in November 2024 for the October 2024 six-month semi-annual period of coverage. Diamond Equity Research LLC may be compensated for non-research related services, including presenting at Diamond Equity Research investment conferences, press releases and other additional services. The non-research related service cost is dependent on the company, but usually do not exceed $5,000. The issuer has paid us for non-research related services as of 02/10/2025 consisting of $3,000 for presenting at a virtual investment conference and $2,000 for organizing an investment dinner. Issuers are not required to engage us for these additional services. Additional fees may have accrued since then. Although Diamond Equity Research company sponsored reports are based on publicly available information and although no investment recommendations are made within our company sponsored research reports, given the small capitalization nature of the companies we cover we have adopted an internal trading procedure around the public companies by whom we are engaged, with investors able to find such policy on our website public disclosures page. This report and press release do not consider individual circumstances and does not take into consideration individual investor preferences. Statements within this report may constitute forward-looking statements, these statements involve many risk factors and general uncertainties around the business, industry, and macroeconomic environment. Investors need to be aware of the high degree of risk in small capitalization equities including the complete loss of their investment. Investors can find various risk factors in the initiation report and in the respective financial filings for Genius Group Limited. Please consult the attached research report for disclosures.

    Contact:

    Diamond Equity Research
    research@diamondequityresearch.com

    Attachment

    The MIL Network

  • MIL-OSI Global: The EU was built for another age – here’s how it must adapt to survive

    Source: The Conversation – UK – By Francesco Grillo, Academic Fellow, Department of Social and Political Sciences, Bocconi University

    Shutterstock/gopixa

    To European Commission president Ursula von der Leyen, Europe is like a Volkswagen Beetle – an iconic car produced by a once-mighty German manufacturer which has been struggling to adapt to a new world.

    “Europe must shift gears,” she urged in a speech to business executives gathered in Davos, Switzerland at the beginning of the year. Yet, her call to arms failed to raise more than an eyebrow. After all, she has repeated the same call many times since she was elected six years ago. So far, there has been little result.

    The US president, Donald Trump, may now even be tempted to finish off the EU (the most developed of the world’s multilateral organisations) by dividing its members over the single market for trade. This arrangement is the cornerstone upon which the union was built, but can it withstand Trump’s attempts to play European nations off against each other in order to get the best deal for himself?

    The problem is that Trump is simply bringing to its most extreme consequences the weakness of a system that was built for stable times which are long gone. We urgently need a new idea, and it cannot be for a “United States of Europe”. That is a dream from the past that could not be more at odds with Europe’s current political climate.

    Mini unions

    Europe is unable to chart a path forward because it needs unanimity among its member states in order to make any major decision. Votes are not even weighted to reflect the different sizes of each of the club’s members.

    This is a weakness that would gradually cause the deterioration of any international organisation. But in the case of the EU, the crisis is more serious because member states have surrendered part of their decision power. As a result, if the EU cannot move quickly, even member states turn out to be paralysed.

    Viktor Orbán, the prime minister of Hungary, has often been singled out as the bad guy especially – this has happened every time the EU has tried to approve sanctions against Russia or aid to Ukraine. But examples of free riding abound even among the founding parties.

    For decades, France has resisted any attempt to reorganise the common agricultural policy that sends a third of the EU’s budget to farmers, many of them French. Italy has halted the ratification of the reform of the European stability mechanism that should protect states from financial instability, out of the assumption among part of the Italian electorate that this may compromise further sovereignty.

    Elsewhere, Germany’s constitutional court has derailed the reform of the EU electoral law that divides the election of the European parliament into a dysfunctional system of 27 national contests, because of the resistance of the German political system to any electoral law which is not proportional.

    We need to find a way to change all this. And the solution cannot be the rather abstract idea of a union that proceeds at different speeds, where the older members are supposed to be part of an inner circle. Nor is it feasible to expect the abolition of unanimous voting for the simple reason that to forgo unanimity, you need a unanimous vote.

    Instead, the EU should become the coordinator of multiple unions, each formed by the member states themselves around specific policies. A union might form around defence, for example, among member states which are ready for such a partnership, such as Poland, the Baltics and Finland.

    Another might bring together countries that wish to collaborate on large projects such as a pan-European high-speed train, or a fully integrated energy market that may allow Italy, France and Spain to save billions of euros and decarbonise more quickly.

    This is not entirely new. Arrangements like the euro and the free circulation of people (the Schengen area) follow this principle. Only a subset of EU nations are part of these projects, and offers have even been extended to join beyond the EU’s borders. Monaco is in the euro, for example, while Norway is in Schengen, despite neither being an EU member state.

    The problem with these unions is that they are incomplete. The complement to the monetary union is a recently reformed “stability pact” that leaves so many loopholes that 11 out of its 20 members do not comply. And even within Schengen, there are still no proper common borders. The result is continuous reciprocal accusations of exporting each other’s illegal migrants.

    The solution here is to fully share the levers within a certain policy area on terms which are more flexible and voluntary for the union’s members.

    The possibility of calm divorce

    Resilience is achieved through adaptability. Therefore, these new arrangements must make divorce between union members possible from the outset – and establish the terms of such a rupture in advance.

    And in the event of an extreme case, the other parties should also be able to ask one of the members to leave their union (so as to avoid being systematically held to ransom by a free rider). The current union treaty does contain a provision (article 50) that enables a member to leave, as the UK did – but if Brexit showed anything, it was that this mechanism has limited use at preventing a divorce from descending into chaos.

    People should always be part of these decisions, of course. When states decide to surrender some of their sovereignty to a larger organisation such as the EU, it changes the nature of the pact between the citizens of a country and the people who make decisions on their behalf. This evident truth has been ignored for decades as the EU has gradually been built from the top down.

    The European Union currently resembles the marriages we once had in Europe (until well into the 20th century), before it was acknowledged that they are a civil (not necessarily religious) contract that can be dissolved through divorce – not some divine construct that can never be undone.

    The marriage between EU countries is blighted by cheating and empty rhetoric. This is an issue we can no longer avoid if Europe wants to do more than just “shift gears”. The EU was the most successful political project of the 20th century. If it wants to continue to be so in the 21st, it has to learn to be flexible. Only those who can adapt survive.

    Francesco Grillo is Director of the think tank Vision. Vision is convenor of three global conferences on the future of the EU, climate change and AI .

    ref. The EU was built for another age – here’s how it must adapt to survive – https://theconversation.com/the-eu-was-built-for-another-age-heres-how-it-must-adapt-to-survive-248811

    MIL OSI – Global Reports

  • MIL-OSI Global: AI is transforming the search for new materials that can help create the technologies of the future

    Source: The Conversation – UK – By Domenico Vicinanza, Associate Professor of Intelligent Systems and Data Science, Anglia Ruskin University

    Battery technology is one area that can benefit from the development of novel materials. IM Imagery / Shutterstock

    From the bronze age to the Industrial Revolution and beyond, the discovery and development of new materials has been a driving force in human history. These novel materials have helped advance technology and shape civilisations.

    Today, we are at the beginning of a new era, where artificial intelligence (AI) seems to be in the perfect position to transform the search for useful materials. This looks set to completely change the approach to their investigation, creation and testing.

    In ancient times, human civilisations experimented with natural resources to create tools and artifacts. The bronze age, in the mid-4th millennium BC, was a significant milestone. Bronze, an alloy of copper and tin, led to the development of stronger tools and weapons, as well as advancements in agriculture and construction.

    Bronze is often referred to as the first “new material” created by humans. We took different elements and created something new, with better properties that either ingredient and unique qualities. The invention of glass in ancient Mesopotamia around 3,500BC was another groundbreaking moment.

    A superconductor (the dark material) makes a magnetic cube levitate. The field of the magnet induces currents in the superconductor that generate an equal and opposite field, balancing out the gravitational force on the cube.
    Oak Ridge National Laboratory

    Fast forward to the 20th century and the discovery of plastic polymers, ceramics and superconductors opened new frontiers in technology. Ceramics, known for their durability and heat resistance, became a staple in industries from aerospace to electronics.

    Superconductors, materials that can conduct electricity with zero electrical resistance, are already used in maglevs (magnetic levitation trains), particle accelerators and medical devices.

    AI enters the fray

    Searching for new materials that could help drive the development of the next groundbreaking technologies has previously been a long and expensive process. This has been due to the complexity of many materials at the atomic and molecular levels. Traditional methods are essentially based on trial and error and need specialised equipment and resources.

    The inherent uncertainty and risk in material discovery further complicates and lengthens the process. However, advancements in AI, including in a subset of AI called machine learning, are beginning to transform the whole landscape, enabling more efficient and targeted approaches. In machine learning, mathematical rules called algorithms learn from data to improve at tasks without human intervention.

    The main shift is a new methodology based on “generative” AI systems, which can create new content. AI systems can now directly produce novel materials when provided with desired properties and constraints.

    Earlier this month, a team at Microsoft published a paper in Nature that introduced a pair of AI tools for the design of inorganic materials (those not based around the element carbon).

    AI tools can generate thousands of potential materials within a short space of time.
    Yurchanka Siarhei / Shutterstock

    These tools play complementary roles in materials discovery. They are called MatterGen and MatterSim. The first one creates new candidate materials, and the second filters and validates them – to ensure they could be made in the real world.

    The specific desired properties that can be incorporated through MatterGen include a specific symmetry, or mechanical, electronic and magnetic properties.

    Unlike traditional methods that mostly rely on intuition (along with extensive and tedious experimentation), MatterGen can generate thousands of potential materials with specific desired properties in a fraction of the time.

    This AI-led approach accelerates the initial stages of material design. It allows researchers to explore a broader range of possibilities and focus on the most promising candidates.

    MatterSim applies rigorous computer analysis to predict the stability and viability of these proposed materials. This predictive capability helps filter out theoretical possibilities from physically feasible ones. This ensures that only stable materials move forward in the discovery process.

    New tools in the box

    At this point, we might wonder, what does a new material, identified through this process, look like? MatterSim is mostly focusing on crystals, or more appropriately unique crystalline structures with a specific arrangement of atoms.

    These structures are tailored to meet precise property constraints, making them suitable for various applications. These include high energy batteries, flexible electronics, displays, solar panels or advanced medical implants.

    Flexible electronics are another area where materials discovery could drive advances.
    Peter Sobolev

    Microsoft’s powerful duo, however, is not alone in its quest. Google DeepMind’s Graph Networks for Materials Exploration (Gnome) is another tool promising to dramatically speed up the discovery process. Gnome uses a form of AI that’s inspired by the human brain called deep learning. It predicts the stability of new materials, significantly shortening the exploration and discovery phase.

    In a paper published in 2023, researchers from Google DeepMind demonstrated that their AI model could identify 2.2 million new stable materials. Some 736 of these have already been experimentally realised. This is a tenfold increase over previous methods. These materials, many of which were previously unknown to human chemists, have potential applications in clean energy, electronics, and more.

    Even if both Google’s Gnome and Microsoft’s MatterGen are AI-based, they differ in their approaches and, in some ways, provide complementary methodologies. Gnome predicts the stability of new materials by creating variations on existing structures, and it focuses on identifying stable crystalline materials.

    MatterGen, on the other hand, employs a generative AI model to directly engineer novel materials based on specific design requirements. It creates material structures by changing elements, positions and periodic lattices (a repeating structure in three dimensions).

    The implications of AI-driven material discovery are vast. They could potentially lead to innovations in fields such as energy storage and environmental sustainability. One of the most promising applications is, for example, the development of new batteries.

    As the world makes the transition to renewable energy sources, the demand for efficient, long lasting batteries has grown and will continue to do so. AI tools can help researchers design and identify new materials able to support higher energy densities, faster charging times and longer lifespans.

    Beyond energy storage, new materials can be used to design new medical devices, implants and even drug delivery systems. This could improve patient outcomes and advance medical treatments.

    In aerospace, lightweight, durable materials could enhance the performance and safety of aircraft and spacecraft. Meanwhile, new materials for water purification, carbon capture, and waste management could address pressing environmental challenges.

    Domenico Vicinanza 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. AI is transforming the search for new materials that can help create the technologies of the future – https://theconversation.com/ai-is-transforming-the-search-for-new-materials-that-can-help-create-the-technologies-of-the-future-249392

    MIL OSI – Global Reports

  • MIL-OSI: Wearable Devices Unveils Future AI-Powered Gesture Personalization Technology, Paving the Way for Next-Gen User Interactions

    Source: GlobeNewswire (MIL-OSI)

    Yokneam Illit, Israel, Feb. 10, 2025 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), an award-winning pioneer in artificial intelligence (“AI”)-based wearable gesture control technology, is developing cutting-edge methods for gesture personalization that will transform user interactions in the near future. By harnessing biopotential signals from the human wrist, Wearable Devices is working towards redefining how people interact with digital devices, creating an intuitive, personalized experience for the AI era.

    The Future of Personalized AI-Driven Gestures

    As AI continues to shape our digital landscape, the way we interact with technology is evolving. Traditional input methods – keyboards, touchscreens, and voice commands – are expected to give way to more natural, seamless interactions. Wearable Devices is developing an AI-powered neural wristband technology for detection of user specific micro-gestures, enabling a future of personalized controls tailored to individual users.

    Leveraging Large MUAP Models (“LMMs”), Wearable Devices is enhancing its ability to create truly personalized gesture experiences that improve and adapt more effectively with continued use.

    A New Era for AI-Powered Devices and XR Platforms

    Wearable Devices’ neural-based gesture personalization is being developed to revolutionize extended reality (XR), smartwatches, and other AI-driven interfaces. The technology aims to enable:

    • Micro-Gesture Precision: AI refining recognition of tiny movements, such as a finger swipes or pinches, ensuring reliable, real-time responsiveness.
       
    • Context-Aware Interactions: A system that is adaptive to user habits.
       
    • Cross-Device Integration: Personalized gestures seamlessly operating across augmented reality (“AR”)/virtual reality headsets, AR glasses, smartwatches, and other AI-powered devices, creating a unified interaction experience.

    Wearable Devices is focused on taking it a step further by developing adaptive, user-specific models rather than one-size-fits-all solutions. This approach is expected to enhance accessibility, usability, and engagement in AI-driven environments.

    A Call to AI and XR Innovators

    As AI-powered devices become more ubiquitous, Wearable Devices is actively developing next-generation intuitive and personalized user interactions. With over a decade of research and development and a growing portfolio of patents, the Company invites industry leaders to explore collaboration opportunities.

    “We believe AI-driven gesture personalization is the next frontier in human-device interaction,” said Asher Dahan, Chief Executive Officer of Wearable Devices. “By seamlessly integrating AI with biopotential sensing, we are developing innovations that will revolutionize the way people engage with technology.”

    For more information about Wearable Devices’ AI-powered gesture control solutions under development, visit www.wearabledevices.co.il.

    About Wearable Devices Ltd.

    Wearable Devices Ltd. is a pioneering growth company revolutionizing human-computer interaction through its AI-powered neural input technology for both consumer and business markets. Leveraging proprietary sensors, software, and advanced AI algorithms, the Company’s innovative products, including the Mudra Band for iOS and Mudra Link for Android, enable seamless, touch-free interaction by transforming subtle finger and wrist movements into intuitive controls. These groundbreaking solutions enhance gaming, and the rapidly expanding AR/VR/XR landscapes. The Company offers a dual-channel business model: direct-to-consumer sales and enterprise licensing. Its flagship Mudra Band integrates functional and stylish design with cutting-edge AI to empower consumers, while its enterprise solutions provide businesses with the tools to deliver immersive and interactive experiences. By setting the input standard for the XR market, Wearable Devices is redefining user experiences and driving innovation in one of the fastest-growing tech sectors. Wearable Devices’ ordinary shares and warrants trade on the Nasdaq under the symbols “WLDS” and “WLDSW,” respectively.

    Forward-Looking Statement Disclaimer

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we discuss that we are developing cutting-edge methods for gesture personalization that will transform user interactions in the near future, the benefits and advantages of our technology, including the aims of our technology, that our approach is expected to enhance accessibility, usability, and engagement in AI-driven environments, and our belief that AI-driven gesture personalization is the next frontier in human-device interaction. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the trading of our ordinary shares or warrants and the development of a liquid trading market; our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2023, filed on March 15, 2024 and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations Contact

    Michal Efraty
    IR@wearabledevices.co.il

    The MIL Network

  • MIL-OSI Economics: A Stronger Engine for Middle East and North Africa’s Growth

    Source: International Monetary Fund

    The Managing Director’s Keynote Speech at the Ninth Arab Fiscal Forum, Dubai, UAE

    February 10, 2025

    Assalamu alaikum, your excellencies. I would like to thank Minister Al Hussaini for the United Arab Emirates’ continued warm hospitality in hosting this important annual event, as well as his excellent leadership of the World Bank’s Development Committee.

    It is a privilege to address you at the ninth Arab Fiscal Forum. Over the years, the IMF and Arab countries have always had a strong and productive partnership. Today, this partnership is more vital than ever as the world and this region undergo significant economic, technological, and geopolitical shifts—a point that I will reflect on later.

    In my remarks, I will explore how Arab countries can leverage fiscal policy to transform their economies for the future, and harness technology and investment opportunities for the benefit of their people.

    Global outlook and transformations

    Let me start with an overview of the global and regional economic outlook.

    Global growth is projected to hold at 3.3 percent this year and the next, and then to slow over the next five years, to just above 3 percent. This is well below the historical average.

    For the Middle East and North Africa, we expect growth to rebound to about 3.6 percent in 2025, driven by a recovery in oil production and an easing of regional conflicts. However, as with the global economy, our medium-term outlook still sees growth weaker than before the pandemic.

    Policymakers have generally succeeded in taming inflation, but not everywhere, with inflation picking up again in some countries. This could lead to a divergence in interest rates across countries and higher borrowing costs for emerging market and developing economies.

    On the fiscal side, the legacy of the multiple shocks from the last years leaves public finances under significant strain in many countries. Global public debt is projected to hit 100 percent of global GDP by 2030. Many countries in this region face similar pressures, with debt levels exceeding 70 percent of GDP. This poses the risk of them becoming trapped in a low-growth, high-debt scenario.

    Governments have the difficult task of containing high debt levels in the face of rising spending needs. This region faces the pressing need to create jobs, enhance social safety nets, build resilience to more frequent natural disasters, and support economic diversification. The demands of national security and post-conflict reconstruction are also substantial.

    This is all happening at a time of significant global transformations, which are creating a more uncertain and challenging environment for policymaking. We know, for instance, that trade is no longer the engine of growth that is used to be—unlike the decades of the 1990s and 2000s when global trade grew much faster than global GDP, the two are now growing at roughly the same rate. Governments around the world are shifting policy priorities: the new US administration has been clear that it intends to take action in the areas of trade, tax and spending, deregulation, and technology/digital assets. And the technology revolution—especially AI—is upon us and is set to transform the way we live and work, perhaps as early as the next five years.

    These rapid transformations mean the recipes of the past may no longer provide the path to prosperity. Economies will need to be agile, adaptable and resilient—these will be the ingredients for future success.

    How can the MENA region find these ingredients for success and avoid a low-growth, high-debt scenario?

    Building adaptable and more resilient economies

    First, focus on structural changes that increase economic resilience, agility, and long-term growth potential. Too often, countries use fiscal stimulus to boost short-term domestic demand. While this “sugar rush” provides temporary growth, it often fuels inflation and financial turbulence. Instead of merely stepping on the gas, we need a stronger engine.

    Productivity growth is essential for stronger growth and driving up economic performance. Our research in the Arab region shows how to do it: accelerate digitalization, reduce the state’s footprint in the economy, foster trade diversification, and encourage the free flow of capital to dynamic firms.

    Countries in the region that are more digitalized have substantially higher productivity than less-digitalization ones. Some countries are among the most developed in the world in this area. Digital innovation, with AI technologies, is expected to raise UAE’s GDP significantly by 2030. More R&D spending will further enhance productivity.

    Reducing the state’s footprint in the economy and strengthening governance can yield significant benefits. For example, Saudi Arabia’s regulatory improvements have fostered private sector investment, especially in the non-oil economy. The UAE’s National Agenda for Entrepreneurship has supported a vibrant startup community, and Morocco’s New Model of Development aims to spur markets by improving public sector governance.

    Encouraging employment is also a key ingredient for stronger growth. With a growing working-age population, the region has to make the most of its demographic advantage. Creating more private jobs, for women and youth in particular, can lead to more vibrant and inclusive economies. This requires more-flexible labor markets, and investment in education and vocational training. We have recently seen impressive developments in this regard in Oman, Qatar, and Bahrain.

    A second priority is economic diversification. Today’s transformations provide an excellent opportunity to stimulate and reallocate resources toward new economic sectors and services. This could become a robust new growth engine, particularly for oil-exporting countries. Many countries are already investing in new technologies, such as batteries for electric cars; in improving connectivity and in green supply chains, for example.

    Third, in a world where patterns of cooperation are shifting, countries need to look for opportunities to cooperate in new ways. In many cases, this means deepening regional cooperation. The GCC is an excellent example of the benefits of regional integration—one that I can imagine can be emulated elsewhere.

    Building fiscal buffers and institutions  

    Let me turn to the fiscal side.

    Prudent fiscal stance is essential for macroeconomic stability — a prerequisite for a vibrant private sector and economic growth. An overarching priority today is to decisively use fiscal policy to build fiscal buffers, which is essentially the capacity to spend when needed – for example, to respond to shocks, manage and mitigate risks, and meet pressing development and climate-related needs.

    Many countries will need to pursue fiscal consolidation. It is crucial to carefully calibrate the size, pace, and composition of fiscal adjustments, to avoid unduly hampering growth. Tailoring budgetary reforms to each country’s circumstances, with a helping hand for those who lose out, is vital to ensure public support.

    In this context, increasing tax revenues remains a priority. Our research finds significant potential in strengthening domestic tax systems. This requires expanding tax bases, especially as economies diversify. For example, as new sectors grow, including through digitalization, they can become an important source of tax revenues. In addition, digitalization and AI can help modernize tax administrations.

    Domestic taxes will remain the primary source of funding government spending. However, private domestic and external financing will be needed to support the spending needs in the region. Addressing the impact of more frequent natural disasters will potentially require a cumulative $1 trillion in investment by 2030. The financial sector must play a larger role, while governments can enable an investment-friendly environment.

    Several countries in the region require special attention, either to resolve ongoing conflicts or to advance post-conflict reconstruction. I pray that peace and stability can be delivered in Sudan and Yemen. I hope that the ceasefire in Gaza, along with political changes in Syria and Lebanon, can mark new beginnings. The international community’s reconstruction efforts provide a unique opportunity to rebuild better and lay the foundations for stronger growth.

    Let me conclude

    In a world of rapid transformations, it is critical for countries to become more agile, adaptable, and resilient. They need to look for new engines of growth, which will also help avoid a low-growth, high-debt trap.

    The private sector has to be in the lead in transforming economies in the region through entrepreneurship, job creation, and innovation.

    The role of governments is to foster the right environment for this private sector-led growth: by strengthening governance, modernizing public institutions, reducing bureaucracy, encouraging youth and female employment, and improving access to capital. And by designing and communicating policies that put people first and increase social support.

    The IMF remains fully committed to supporting the Middle East and North Africa. Since early 2020, we have approved about $33 billion in financing for the region, most recently in 2024 to help mitigate the impact of conflict. We have also recently reformed our surcharge policy, resulting in important savings for some countries. We have also expanded our capacity development and strengthened our regional presence with resident representative offices, technical assistance centers, and the new regional office in Riyadh.

    We are now stepping up our efforts to support the private sector, with the creation of a new IMF Advisory Council on Entrepreneurship and Growth. I can assure you, this region will be represented on it. And we look forward to the upcoming Al-Ula conference with emerging market economies, to discuss key issues affecting your economies. Jobs, innovation, and productivity—combined with a sound fiscal approach—will mean better prospects for citizens in this region and ultimately more peace and stability.

    Let’s get to work, or as you say, “linabda al-âmal”—let’s start the work together!

    I wish you all many insightful discussions and meaningful outcomes today.

    Shukran!

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER:

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    MIL OSI Economics

  • MIL-OSI: Paradigm Oil and Gas Partners with Hallmark Venture Group to Drive Scalable Revenue Growth

    Source: GlobeNewswire (MIL-OSI)

    Key Highlights:

    • Strategic Partnership Announcement: Paradigm Oil and Gas, Inc. (OTC: PDGO) has engaged Hallmark Venture Group, Inc. (OTC: HLLK) to develop scalable revenue strategies and enhance digital operations.
    • Revenue Growth & Digital Expansion: The collaboration aims to optimize lead generation, implement revenue-driving strategies, and develop new digital infrastructure for sustained business growth.
    • Operational Management & Market Positioning: Hallmark Venture Group will oversee website development, traffic acquisition, lead generation, public relations, and administrative management to enhance monetization efforts.
    • AI-Driven Business Solutions: The partnership leverages Hallmark’s AI-driven marketing and consulting expertise to create innovative business models that increase profitability.
    • Scalable & Sustainable Business Model: Paradigm Oil and Gas expands beyond traditional operations by exploring digital and third-party service integrations to maximize shareholder value.
    • Investor & Market Outlook: The initiative aligns with evolving market demands, ensuring long-term financial stability and operational efficiency.

    NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) — Paradigm Oil and Gas, Inc. (OTC: PDGO) expands its revenue potential by engaging Hallmark Venture Group, Inc. (OTC: HLLK) to enhance digital operations and implement scalable revenue strategies. This strategic partnership is designed to optimize lead generation, strengthen market positioning, and maximize profitability through AI-driven solutions and digital infrastructure.

    Accelerating Digital Growth and Revenue Optimization

    Paradigm Oil and Gas is committed to diversifying revenue streams beyond traditional operations. By leveraging Hallmark Venture Group’s expertise, the Company will implement advanced digital strategies, optimize monetization efforts, and develop high-quality traffic acquisition models.

    Hallmark Venture Group will oversee key operational areas, including:

    • Website Development & Digital Infrastructure – Enhancing user experience and optimizing engagement.
    • Traffic Acquisition & Lead Generation – Deploying AI-driven marketing strategies for high-quality conversions.
    • Public Relations & Market Outreach – Strengthening brand visibility and investor relations.
    • Administrative & Operational Management – Streamlining business processes for improved efficiency.

    AI-Powered Solutions for Market Expansion

    Hallmark Venture Group specializes in AI-driven consulting and revenue growth solutions. Through this collaboration, Paradigm Oil and Gas will integrate data-driven marketing techniques, predictive analytics, and automated lead generation tools to drive long-term financial sustainability.

    Strategic Growth & Shareholder Value Enhancement

    This initiative aligns with Paradigm Oil and Gas’s mission to explore innovative business models that create sustainable growth. By embracing digital transformation and AI-powered strategies, the Company aims to increase shareholder value and remain competitive in evolving market conditions.

    About Paradigm Oil and Gas, Inc.

    Paradigm Oil and Gas, Inc. (OTC: PDGO) is a publicly traded company focused on optimizing revenue generation and expanding its market opportunities. The Company actively pursues strategic partnerships and digital initiatives to drive profitability and long-term business growth.

    About Hallmark Venture Group, Inc.

    Hallmark Venture Group, Inc. (OTC: HLLK) is a digital marketing and consulting firm specializing in AI-driven strategies, lead generation, and scalable revenue solutions. The Company’s proprietary platforms help businesses enhance digital growth, optimize customer acquisition, and improve market positioning.

    Safe Harbor Statement

    Safe Harbor This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words ”may”,”would”, ”will”, ”estimate”, ”can”, ”believe”, ”potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in the Company’s filings with the Securities and Exchange Commission and/or OTC Markets.

    For Media & Investor Inquiries:

    Website: https://pdgoinc.net/
    Email: info@pdgoinc.net
    X (formerly Twitter): @PDGOinc

    The MIL Network

  • MIL-OSI: Varonis Announces $100 Million Share Repurchase Authorization

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Feb. 10, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), a leader in data security, announced that its board of directors authorized a share repurchase program allowing repurchases of up to $100.0 million of Varonis’ common stock expected to be completed over the next 12 months.

    Under the share repurchase program, Varonis is authorized to repurchase shares through open market purchases, privately-negotiated transactions or otherwise in accordance with applicable federal securities laws, including through Rule 10b5-1 trading plans and under Rule 10b-18 of the Exchange Act. The number of shares to be purchased and the timing of purchases will be based on Varonis’ trading windows, available liquidity, and general business and market conditions.

    Forward-Looking Statements

    This press release contains “forward-looking” statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance but are based on management’s expectations as of the date of this press release and assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements. Important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include the following: the impact of potential information technology, cybersecurity or data security breaches; risks associated with anticipated growth in Varonis’ addressable market; general economic and industry conditions, such as foreign currency exchange rate fluctuations and expenditure trends for data and cybersecurity solutions; Varonis’ ability to predict the timing and rate of subscription renewals and their impact on the Company’s future revenues and operating results; risks associated with international operations; the impact of global conflicts on the budgets of our clients and on economic conditions generally; competitive factors, including increased sales cycle time, changes in the competitive environment, pricing changes and increased competition; the risk that Varonis may not be able to attract or retain employees, including sales personnel and engineers; Varonis’ ability to build and expand its direct sales efforts and reseller distribution channels; risks associated with the closing of large transactions, including Varonis’ ability to close large transactions consistently on a quarterly basis; new product introductions and Varonis’ ability to develop and deliver innovative products; Varonis’ ability to provide high-quality service and support offerings; the expansion of cloud-delivered services; and risks associated with our convertible notes and capped-call transactions. These and other important risk factors are described more fully in Varonis’ reports and other documents filed with the Securities and Exchange Commission and could cause actual results to vary from expectations. All information provided in this press release is as of the date hereof, and Varonis undertakes no duty to update or revise this information, whether as a result of new information, new developments or otherwise, except as required by law.

    About Varonis

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

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

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

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

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

    The MIL Network

  • MIL-OSI: Locus Technologies Earns Two EBJ Business Achievement Awards

    Source: GlobeNewswire (MIL-OSI)

    MOUNTAIN VIEW, Calif., Feb. 10, 2025 (GLOBE NEWSWIRE) — Locus Technologies, the sustainability and Environmental Health and Safety (EHS) compliance software leader, was honored by the Environmental Business Journal® (EBJ) with two prestigious 2024 Business Achievement Awards: the PROJECT MERIT AWARD for Locus’s successful implementation of a global waste management solution for one of the world’s largest energy leaders, and the TECHNOLOGY MERIT AWARD for Locus’s release of step-change software products for produced water management in the oil and gas industry, high Global Warming Potential (GWP) refrigerant management, and sustainable construction. Full details of these achievements and Locus’s recent worldwide project implementations are available from www.locustec.com. EBJ is an independent business research publication that has provided strategic market intelligence to the environmental industry since 1988.

    “We are honored to be recognized by an esteemed group of researchers and analysts for the work we are doing to raise the bar in the ESG and EHS software space,” said Neno Duplan, founder and CEO of Locus Technologies. “Our product and implementation teams are masters at developing purpose-built solutions with time-saving frameworks and unmatched configurability. As a result, our clients gain incredible economies while remaining responsive to the emerging demands of the Corporate Sustainability Reporting Directive (CSRD) and the shifting regulatory pressures state-side. We are pleased to be acknowledged for these advancements.”

    Environmental Business Journal® provides strategic market intelligence to executives and investors in 13 business segments of the environmental industry including environmental consulting & engineering, remediation & industrial services, water & wastewater equipment, air quality & pollution control equipment, hazardous waste management, resource recovery, solid waste management, water/wastewater infrastructure, renewable energy and environmental instrumentation & information systems.

    “In another year of strong growth for the environmental industry in 2024, a number of companies set themselves apart with their growth, innovation, M&A, or signature projects that merit the special recognition of an EBJ award,” said Grant Ferrier, editor of Environmental Business Journal and chair of the EBJ Business Achievement Award selection committee. The 2024 EBJ awards will be presented live and in-person at the EBJ Business Achievement Awards banquet at Environmental Industry Summit XXIII on April 02-04, 2025, in San Diego, along with CCBJ Business Achievement, Lifetime Achievement and 50-Year Company anniversary awards.

    To learn more about Locus Produced Water Management, Locus Refrigerant Management, and Locus Sustainable Construction, please visit www.locustec.com.

    About Locus Technologies
    Locus Technologies, the global environmental, social, governance (ESG), sustainability, and EHS compliance software leader, empowers companies of every size and industry to be credible with ESG reporting. From 1997, Locus pioneered enterprise software-as-a-service (SaaS) for EHS compliance, water management, and ESG credible reporting. Locus apps and software solutions improve business performance by strengthening risk management and EHS for organizations across industries and government agencies. Organizations ranging from medium-sized businesses to Fortune 500 enterprises, such as Sempra, Corteva, Chevron, DuPont, Chemours, San Jose Water Company, The Port Authority of New York and New Jersey, Port of Seattle, and Los Alamos National Laboratory, have selected Locus. Locus is headquartered in Mountain View, California. For further information regarding Locus and its commitment to excellence in SaaS solutions, please visit www.locustec.com or email info@locustec.com.

    About Environmental Business Journal
    Environmental Business Journal has been published since 1988 by Environmental Business International Inc., an independent research and publishing company focused on the environmental and climate change industries.

    Media Contact:
    Brenda Mahedy
    Locus Technologies
    media@locustechnologies.net

    The MIL Network

  • MIL-OSI: DynaResource to Present at the Metals and Mining Growth Virtual Investor Conference February 13, 2025 at 12:00 pm ET

    Source: GlobeNewswire (MIL-OSI)

    IRVING, Texas, Feb. 10, 2025 (GLOBE NEWSWIRE) — DYNR-DynaResource, Inc. (OTCQX:DYNR) (“DynaResource”, or “Company”) focused on mining its high-grade gold San Jose de Gracia Mine today announced that Rohan Hazelton, President & CEO will present live at the Metals and Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on February 13, 2025.

    DATE: February 13, 2025
    TIME: 12:00 pm ET
    LINK: https://bit.ly/3WNMCCb
    Available for 1×1 meetings: February 13

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

    Learn more about the event at www.virtualinvestorconferences.com.

    Recent Company Highlights

    • Resource Redefinition & Growth with +1M oz Potential: Updated Mineral Resource Estimate expected in 2025 with Long-term District exploration potential 1Moz
    • Optimizing for Profitability: ongoing focus on optimizing operations to improve profitability at the mine and mill
    • Profit Margin Optimization: Cost cutting efforts over last 6 months resulting in progressively improved operating margins – 2025 AISC target $1,850-$2,050/oz produced
    • New Focused and Lean Management Team: New Corporate leadership in late 2024 has extensive experience mining in Latin America and Mexico specifically

    About DynaResource

    DynaResource is a U.S listed high-grade gold producer operating its 100% owned San Jose de Gracia mine located in Mexico, approximately 100 km northeast of Guamuchil and situated in the center of the prolific Sierra Madre Occidental geological zone. Mining commenced in 2016 with a 10,000 oz per year operation and has grown a 25,500+ oz producer today. The Company is focused on creating value through growth by optimization for increased operating margins and both near mine and regional exploration to increase production and expand mine life of its extensive land package of 33 contiguous concessions totaling approximately 10,000 hectares.

    About Virtual Investor Conferences®

    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    On behalf of DynaResource, Inc.
    Rohan Hazelton President & CEO

    For Information on DynaResource, Inc. please visit www.dynaresource.com, or contact:
    Investor Relations
    Katherine Pryde, Investor Relations Manager
    +1 972-869-9400
    info@dynaresource.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network

  • MIL-OSI: Oracle Red Bull Racing and Gate.io Expand Blockchain’s Global Reach with Announcement of Multi-Year Partnership

    Source: GlobeNewswire (MIL-OSI)

    PANAMA CITY, Feb. 10, 2025 (GLOBE NEWSWIRE) — Gate.io—a leading global cryptocurrency exchange—choose Oracle Red Bull Racing for debut partnership in Formula One.

    “Oracle Red Bull Racing”, the Formula One Racing team (the “Team”) and an eight-time World Drivers’ Championship-winning team, is proud to announce Gate.io, one of the world’s leading cryptocurrency exchanges, as its exclusive Crypto Exchange Partner in a multi-year deal. This collaboration marks a major milestone in uniting two industry leaders, both recognised for their relentless pursuit of performance, innovation, and cutting-edge technology—on the racetrack and in the digital economy.

    Starting from the 2025 season, Gate.io branding will feature prominently on key Team assets, including the rear wing, nose, headrest, wheel covers and chassis of the Oracle Red Bull Racing car, Team race suits, Team kit and on the helmet of four-time World Champion, Max Verstappen.

    Founded in 2013, Gate.io is one of the world’s earliest and most established cryptocurrency exchanges, with a user base exceeding 20 million worldwide. Over the past 12 years, Gate.io has expanded beyond trading to become a comprehensive blockchain ecosystem, driving innovation in secure digital asset trading, decentralized finance (DeFi), blockchain infrastructure, venture capital investment, and Web3 technologies.

    Oracle Red Bull Racing has set new standards in Formula 1, winning back-to-back championships since 2021 through engineering excellence, data-driven precision, and a relentless drive for victory. Similarly, Gate.io continues to define the future of blockchain technology, pioneering user-verifiable exchange reserves to enhance trust, transparency, and financial security in the crypto space.

    This partnership is built on a shared vision for innovation and leadership. Just as Oracle Red Bull Racing relentlessly competes on the track with precision and agility, Gate.io continues to push the boundaries of blockchain infrastructure, optimizing speed, security, and scalability to support the next generation of digital finance.

    Christian Horner, CEO and Team Principal of Oracle Red Bull Racing, said: “We are very excited to welcome Gate.io to the Team. Gate.io are a brand that very much share Oracle Red Bull Racing’s passion to exist at the forefront of technological innovation. Together, we look forward to building a more immersive and unique connection with the Team for fans around the world and to working with a likeminded partner that isn’t afraid to disrupt the status quo.”

    Dr. Lin Han, the founder and CEO of Gate.io, said: “At Gate.io, we believe that innovation and performance go hand in hand—whether in blockchain or on the racetrack. Just as Oracle Red Bull Racing pushes the limits of engineering, we are continuously advancing blockchain technology to bring greater transparency, speed, and efficiency to digital finance. This partnership comes at a time when blockchain is moving beyond finance, and we’re excited to explore new ways it can intersect with global industries like motorsport.”

    Through this collaboration, Gate.io aims to accelerate global blockchain adoption, leveraging Oracle Red Bull Racing’s global reach and fan base to introduce digital finance, Web3, and blockchain solutions to an even broader audience.

    About Gate.io
    Gate.io is one of the world’s earliest and most secure cryptocurrency exchanges, leading in compliant digital asset trading since 2013. Serving over 20 million users worldwide, it is consistently ranked among the top exchanges by liquidity and trading volume. Beyond trading, Gate.io provides a full suite of financial and blockchain services, including decentralized finance (DeFi), Web3 solutions, research and analytics, venture capital investing, and startup incubation. A pioneer in user-verifiable exchange reserves, Gate.io remains committed to security, transparency, and shaping the future of digital finance.

    Media Contact:
    Elaine Wang at elaine.w@gate.io

    Disclaimer
    The content herein does not constitute any offer, solicitation, or recommendation. Please note that Gate.io may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For more information, please read the User Agreement via https://www.gate.io/zh/user-agreement.

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    The MIL Network

  • MIL-OSI: D. Boral Capital Served as Co-placement Agent to MicroVision, Inc. (Nasdaq: MVIS) in Connection with its up to $17.0 Million Private Placement

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) — MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced that it has bolstered its financial position by entering into an agreement to raise up to $17 million in new capital and reducing future cash obligations stemming from its $75 million senior secured convertible note facility with High Trail Capital.

    “Strengthening our financial position through this infusion of new capital and reduction of debt buoys our efforts to advance and secure revenue opportunities with several industrial customers in the heavy equipment segment. As announced last month, we have increased production capacity with our manufacturing partner to support high-volume orders from industrial customers in 2025 and beyond,” said Sumit Sharma, Chief Executive Officer of MicroVision, Inc. “At this exciting time for MicroVision, we continue to work to secure multiple partnerships with industrial customers, as well as advance our partnerships with automotive OEMs, with RFQs in flight and new RFQs expected in 2025. We appreciate High Trail’s partnership at this pivotal time.”

    Continued Sharma, “With our MAVIN and MOVIA S products, we remain actively engaged with global automotive OEMs in seven high-volume RFQs and custom development explorations for future passenger vehicle programs. With the size, power, and specifications of our lidar, combined with our integrated perception software, I believe we remain the solution frontrunner with automotive OEMs. Given automotive OEMs’ latest start-of-production timelines, the opportunity to ramp up significant recurring revenues in 2025 with our industrial customers puts MicroVision in the best position in the market. We remain the only multifaceted company with potential for significant revenues from the industrial segment starting in 2025 and much higher automotive revenues expected in the coming years.”

    “With the announcement of this transaction, our overall debt obligation has now been reduced by $12.25 million in principal or over 27% of the convertible note. In addition, this new round of equity investment by our strategic financing partner provides up to $17 million in new equity capital and also defers a portion of the remaining repayments. This bolsters MicroVision’s balance sheet and positions it well with its ongoing customer engagements,” said Anubhav Verma, Chief Financial Officer of MicroVision, Inc. “We believe that our strong balance sheet and strategic financing partner help to competitively position MicroVision for today’s marketplace and business outlook.”

    D. Boral Capital LLC and WestPark Capital, Inc. acted as co-lead agents for the transaction.

    Key Terms of the Transactions

    In connection with the $45 million senior secured convertible note issued by the Company on October 23, 2024, cash payments totaling approximately $9.6 million that would have been payable during the period from March 1, 2025 through May 1, 2025 will be converted into approximately 11.7 million shares of the Company’s common stock. In addition, pursuant to an agreement dated February 3, 2025, the note holder has agreed to defer payments due from June 1, 2025 to August 1, 2025, instead ratably allocating such payments to the payments due from September 1, 2025 through March 1, 2026. The Company and the note holder entered into a securities purchase agreement dated February 3, 2025 pursuant to which the Company issued approximately $8 million of shares of the Company’s common stock to the holder at a 12.5% discount to the market price and warrants to purchase up to an additional $9 million of common stock at an exercise price per share of $1.57, which warrants expire five years from the initial exercise date.

    Disclosures

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

    Additional information, including the full terms of the financing transaction, is available in the Current Report on Form 8-K filed by MicroVision with the U.S. Securities and Exchange Commission.

    About MicroVision

    With offices in the U.S. and Germany, MicroVision is a pioneering company in MEMS-based laser beam scanning technology that integrates MEMS, lasers, optics, hardware, algorithms and machine learning software into its proprietary technology to address existing and emerging markets. The Company’s integrated approach uses its proprietary technology to provide automotive lidar sensors and solutions for advanced driver-assistance systems (ADAS) and for non-automotive applications including industrial, smart infrastructure and robotics. The Company has been leveraging its experience building augmented reality micro-display engines, interactive display modules, and consumer lidar modules.

    For more information, visit the Company’s website at www.microvision.com, on Facebook at www.facebook.com/microvisioninc, and LinkedIn at https://www.linkedin.com/company/microvision/.

    MicroVision, MAVIN, MOSAIK, and MOVIA are trademarks of MicroVision, Inc. in the United States and other countries. All other trademarks are the properties of their respective owners.

    Forward-Looking Statements

    Certain statements contained in this release, including expected benefits and closing of financing transactions; customer engagement and the likelihood of success; opportunities for revenue and cash; market position; product volumes, performance and capabilities; and expected revenue, expenses and cash usage are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include the risk its ability to operate with limited cash or to raise additional capital when needed; market acceptance of its technologies and products or for products incorporating its technologies; the failure of its commercial partners to perform as expected under its agreements; its financial and technical resources relative to those of its competitors; its ability to keep up with rapid technological change; government regulation of its technologies; its ability to enforce its intellectual property rights and protect its proprietary technologies; the ability to obtain customers and develop partnership opportunities; the timing of commercial product launches and delays in product development; the ability to achieve key technical milestones in key products; dependence on third parties to develop, manufacture, sell and market its products; potential product liability claims; its ability to maintain its listing on The Nasdaq Stock Market, and other risk factors identified from time to time in the Company’s SEC reports, including the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other reports filed with the SEC. These factors are not intended to represent a complete list of the general or specific factors that may affect the Company. It should be recognized that other factors, including general economic factors and business strategies, may be significant, now or in the future, and the factors set forth in this release may affect the Company to a greater extent than indicated. Except as expressly required by federal securities laws, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changes in circumstances or any other reason.

    Contact Us:

    D. Boral Capital
    590 Madison Avenue, 39th Floor
    New York, NY 10022
    Main Phone: +1 (212) 970-5150
    www.dboralcapital.com
    info@dboralcapital.com

    The MIL Network