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Category: Machine Learning

  • MIL-OSI Africa: US health funding cuts: what Nigeria stands to lose

    Source: The Conversation – Africa – By Oyewale Tomori, Fellow, Nigerian Academy of Science

    US president Donald Trump’s decision to withdraw the US from the World Health Organization is threatening funding for critical health programmes like HIV/Aids and tuberculosis in different parts of the world, including Nigeria.

    The Conversation Africa’s Adejuwon Soyinka asked professor of virology and former WHO Africa regional virologist Oyewale Tomori why Nigeria is heavily dependent on US funding for some of its health programmes, what’s at risk and how to mitigate the impact.

    How dependent is Nigeria on US funding for health?

    Sadly, Nigeria and many African countries are too dependent on US funding and other donor funding for basic health activities and interventions. These activities are the normal function of a good and responsive government which is committed to the welfare of citizens.

    According to a US embassy publication, since 2021, the US has committed to providing nearly US$20 billion in health programmes in Africa. The report says in 2023 alone, the US invested over US$600 million in health assistance in Nigeria. That is about 21% of Nigeria’s 2023 annual health budget.

    Nigeria has, over the years, allocated on the average about 5% of the national budget to health. Three quarters of that covers recurrent expenditure like salaries.

    Nigeria’s proposed 2025 budget is ₦49.74 trillion (US$33 billion), of which ₦2.4 trillion (US$1.6 billion) (4.8%) is allocated to health. This is lower than the 5.15% allocated to health in the 2024 budget.

    The private sector plays a significant role in the Nigeria’s healthcare system, providing close to 60% of healthcare services.

    In recent years, traditional medicine is increasingly offering complementary and alternative medicine in support of the services provided by the federal, state and local government areas levels.

    What health programmes does the US fund in Nigeria?

    The US support is focused on preventing malaria, under the US President’s Malaria Initiative; ending HIV, through the US President’s Emergency Plan for AIDS Relief; and delivering vaccines (COVID, polio, rotavirus, IPV2 and HPV).

    Malaria is a major public health concern in Nigeria. In 2021, there were an estimated 68 million cases of malaria and 194,000 deaths. Nigeria has the highest burden of malaria globally, nearly 27% of the global malaria burden.

    Nigeria has a high burden of HIV – fourth in the world. A large number of Nigerians live with the virus. The national agency responsible for AIDS control reported a rate of 1,400 new HIV cases per week in 2023.

    Nigeria has experienced outbreaks of yellow fever, meningitis, cholera, Lassa fever and COVID-19.

    In addition to helping with managing these major diseases, the US government also provided funds to strengthen the country’s ability to prevent, detect, respond to and recover from emerging public health threats.

    With these funds, a Public Health Emergency Management Programme was established and national disease surveillance systems were upgraded. Nigeria’s laboratory diagnostics were enhanced to test for Ebola, mpox, yellow fever, measles, Lassa fever, cholera and cerebrospinal meningitis.

    Other countries (Japan, Germany, Canada, the UK) also provided support through building and equipping laboratories and training health workers.

    What’s most at risk?

    Interventions most at risk are those of which the Nigerian government has abdicated its responsibilities to the donors. They include provision of rapid diagnostic tests for malaria, insecticide-treated bed nets, malaria preventive treatments in pregnancy, provision of fast acting malaria medicines and insecticide for home spraying.

    The following HIV interventions are likely to be adversely affected: HIV counselling and testing services, especially for pregnant women to prevent mother-to-child transmission of HIV, and the care of people living with HIV with TB/HIV services, as well as care and support for orphans and vulnerable children.

    Sustaining laboratory capacity for rapid disease diagnosis will suffer a major setback with reduced or lack of reagents and consumables.

    A huge amount of laboratory equipment is provided by donors. Servicing and replacement of equipment will be affected.

    The Nigerian health sector’s challenges include inadequate funding, shortage of healthcare professionals, poor access to healthcare due to cost, poor infrastructure, and high prevalence of preventable diseases.

    Cutting off US money is not likely to affect the shortage of healthcare professionals, as the major reason for the shortage is their deteriorating work environment and unsafe social environment. This environment was created by years of economic downturn and social insecurity in Nigeria.

    Why is Nigeria still so reliant on US funding?

    I think Nigeria lacks national pride as it begs for assistance to provide what it already has the resources for. The government seems to place the well-being of the citizens on a secondary status.

    Many African governments assume the world owes Africa compensation for colonial activities. But to me, the danger to Nigeria’s freedom from dependency is not truly knowing what we are, who we are, and how endowed we are.

    The world describes Nigeria as “resource limited” and, without thinking, Nigerians accept such name calling. Nigeria is not resource-limited, it is resource wasteful. Nigeria is not resource constrained; it is corruption constrained. Until Nigerians know who and what we are, we will never find the solution to our problems.

    Nigeria’s acceptance of the tag “resource-limited” drives it to beg for assistance even in areas of its highest capability, capacity and competence and where it has highly trained people. Like disease prevention and control.

    Africa has since the 1960s experienced numerous outbreaks of diseases and has acquired significant expertise in disease prevention and control. An example is the 2014 Ebola outbreak in Nigeria, which was brought under control within three months with only 20 cases and eight deaths.

    This was a disease that raged for three years and ravaged three countries: Guinea, Liberia and Sierra Leone. It was reported in seven others with 28,600 cases and 11,326 deaths.

    In Nigeria, the country coordinated response activities which were anchored on the participation of the community. The community was part of disease investigation, contact tracing, isolation of cases and adoption of infection, prevention and control interventions.

    How can Nigeria mitigate the impact?

    Nigeria must immediately provide emergency funds to cover the shortfall arising from the action of the US government. What Trump has done should have been anticipated, because he did the same things during his first term of office.

    Nigeria must re-order its priorities, and provide funds to create and sustain an enabling environment for talented human resources to function effectively for disease control and prevention.

    The country must prioritise disease prevention and control (in that order) through adequate and sustained funding of disease surveillance activities at all levels of governance.

    Nigeria needs to decentralise disease surveillance, prevention and control by enabling states and local government areas to take responsibility. The Nigeria Centre for Disease Control and Prevention should coordinate state and local government areas activities, instead of acting as the controller of diseases in Nigeria.

    – US health funding cuts: what Nigeria stands to lose
    – https://theconversation.com/us-health-funding-cuts-what-nigeria-stands-to-lose-248921

    MIL OSI Africa –

  • MIL-OSI Europe: EU takes action for safe and sustainable e-commerce imports

    Source: European Union 2

    In 2024, around 4.6 billion low-value consignments (worth €150 or less) entered the EU market – 12 million parcels daily and twice as many as the year before. Many of these products were non-compliant with EU laws, raising concerns over harmful products entering the EU, unfair competition for compliant EU sellers, and the environmental impact of mass shipping. 

    The Commission has proposed the following actions in its toolbox for safe and sustainable e-commerce: 

    • Customs reform: urging swift adoption of the Customs Union Reform and proposing to remove the duty exemption for low-value parcels, to allow rapid implementation of new rules to level the playing field 
    • Reinforcing measures for imported goods: launching coordinated controls between customs and market surveillance authorities and coordinated actions on product safety 
    • Protecting consumers on online marketplaces: enforcing the Digital Services Act, Digital Markets Act, General Product Safety Regulation, and Consumer Protection Cooperation Regulation 
    • Using digital tools: supervising e-commerce landscape through the Digital Product Passport and new AI tools 
    • Enhancing environmental measures: adopting an action plan on Ecodesign for Sustainable Products Regulation and supporting amendments to the Waste Framework Directive 
    • Raising awareness: informing consumers and traders about their rights and risks 
    • Boosting international cooperation and trade: training non-EU partners on EU product safety and tackling dumping and subsidisation 

    The Commission calls on EU countries, co-legislators and stakeholders to work together and implement these measures. Within a year, the Commission will evaluate the effectiveness of these actions and may propose further measures if necessary. 

    Around 70% of Europeans regularly shop online, including on non-EU e-commerce platforms. While e-commerce brings many benefits for consumers, businesses and the EU economy, it also presents certain challenges. The new initiative aims to balance consumer protection, fair competition, and sustainability, while fostering a safe and high-quality e-commerce market in the EU.  

    For more information 

    Press release: Commission announces actions for safe and sustainable e-commerce imports 

    Communication on a comprehensive EU toolbox for safe and sustainable e-commerce 

    Factsheet on the Communication 

    Questions and Answers on the Communication 

    Safety Gate: the EU rapid alert system for dangerous non-food products 

    MIL OSI Europe News –

  • MIL-OSI USA: Booker Joins Kaine, 36 Senators in Raising Alarm Over Trump Administration Chaos at Critical National Security Agencies

    US Senate News:

    Source: United States Senator for New Jersey Cory Booker

    WASHINGTON, D.C. – Today, U.S. Senator Cory Booker (D-NJ), a member of the Senate Foreign Relations Committee, joined a group of 37 Senators led by Tim Kaine (D-VA), in a letter to Secretary of State Marco Rubio expressing their deep concern regarding the growing chaos and dysfunction at the U.S. Department of State and the Trump Administration’s illegal attempt to destroy the U.S. Agency for International Development (USAID). USAID is a critical pillar of U.S. national security strategy, providing lifesaving aid and development support around the world to help ensure stability. Yesterday, personnel at USAID were not permitted to enter the agency’s headquarters, and Elon Musk announced that President Donald Trump agreed to close the agency and move it under the State Department – which Trump has no legal authority to do. The Trump Administration, led by Musk, has also furloughed thousands of senior career civil servants, including two top security officials who denied Musk and the Department of Government Efficiency access to classified documents and systems.

    “…We are deeply concerned by reports of not only growing chaos and dysfunction at the Department of State, but the Administration’s brazen and illegal attempts to destroy the U.S. Agency for International Development (USAID). Mass personnel furloughs of dubious legality and abrupt, blanket stop-work orders without regard to relevant appropriations laws are causing immediate harm to U.S. national security, placing U.S. citizens at risk, disrupting life-saving work and breaking the U.S. government’s contractual obligations to private sector partners,” wrote the Senators.

    The Senators continued, “The Administration’s failure to consult with Congress prior to taking these steps violates the law and impedes Congress’s constitutional duty to conduct oversight of funding, personnel and the nation’s foreign policy. The Administration’s failure to expend funds appropriated on a bipartisan basis by Congress would violate the Impoundment Control Act.”

    “Foreign assistance is critical to supporting U.S. strategic interests around the world. Foreign assistance protects U.S. national security, advances U.S. values, and ensures the U.S. is the partner of choice for everything from defense procurement to cutting edge scientific research. China, Russia and Iran are already moving rapidly to exploit the vacuum and instability left by the U.S.’s sudden global retreat,” wrote the Senators.

    They continued, “Every Administration has the right to review and adjust ongoing assistance programming. However, attempting to arbitrarily turn off core functions of a critical U.S. national security agency, without Congressional consideration or any metric-based review and absent legal authority to do so, is unprecedented and deeply disturbing.”

    The letter is signed by U.S. Senators Cory Booker (D-NJ), Dick Durbin (D-IL), Jeff Merkley (D-OR), Ruben Gallego (D-AZ), Lisa Blunt Rochester (D-DE), Michael Bennet (D-CO), Elizabeth Warren (D-MA), Peter Welch (D-VT), Edward J. Markey (D-MA), Kirsten Gillibrand (D-NY), Bernie Sanders (I-VT), Gary Peters (D-MI), Tammy Baldwin (D-WI), Richard Blumenthal (D-CT), Ron Wyden (D-OR), Martin Heinrich (D-NM), Amy Klobuchar (D-MN), Tammy Duckworth (D-IL), Andy Kim (D-NJ), Adam Schiff (D-CA), Angus S. King (I-ME), Sheldon Whitehouse (D-RI), John Hickenlooper (D-CO), Mazie K. Hirono (D-HI), Alex Padilla (D-CA), Tina Smith (D-MN), Catherine Cortez Masto (D-NV), Jack Reed (D-RI), Chris Murphy (D-CT), Jacky Rosen (D-NV), Mark Kelly (D-AZ), Brian Schatz (D-HI), Mark R. Warner (D-VA), Chris Van Hollen (D-MD), Chris Coons (D-DE), Elissa Slotkin (D-MI), and Reverend Raphael Warnock (D-GA).

    The full text of the letter is available here.

    MIL OSI USA News –

  • MIL-OSI Global: US health funding cuts: what Nigeria stands to lose

    Source: The Conversation – Africa – By Oyewale Tomori, Fellow, Nigerian Academy of Science

    US president Donald Trump’s decision to withdraw the US from the World Health Organization is threatening funding for critical health programmes like HIV/Aids and tuberculosis in different parts of the world, including Nigeria.

    The Conversation Africa’s Adejuwon Soyinka asked professor of virology and former WHO Africa regional virologist Oyewale Tomori why Nigeria is heavily dependent on US funding for some of its health programmes, what’s at risk and how to mitigate the impact.

    How dependent is Nigeria on US funding for health?

    Sadly, Nigeria and many African countries are too dependent on US funding and other donor funding for basic health activities and interventions. These activities are the normal function of a good and responsive government which is committed to the welfare of citizens.

    According to a US embassy publication, since 2021, the US has committed to providing nearly US$20 billion in health programmes in Africa. The report says in 2023 alone, the US invested over US$600 million in health assistance in Nigeria. That is about 21% of Nigeria’s 2023 annual health budget.

    Nigeria has, over the years, allocated on the average about 5% of the national budget to health. Three quarters of that covers recurrent expenditure like salaries.

    Nigeria’s proposed 2025 budget is ₦49.74 trillion (US$33 billion), of which ₦2.4 trillion (US$1.6 billion) (4.8%) is allocated to health. This is lower than the 5.15% allocated to health in the 2024 budget.

    The private sector plays a significant role in the Nigeria’s healthcare system, providing close to 60% of healthcare services.

    In recent years, traditional medicine is increasingly offering complementary and alternative medicine in support of the services provided by the federal, state and local government areas levels.

    What health programmes does the US fund in Nigeria?

    The US support is focused on preventing malaria, under the US President’s Malaria Initiative; ending HIV, through the US President’s Emergency Plan for AIDS Relief; and delivering vaccines (COVID, polio, rotavirus, IPV2 and HPV).

    Malaria is a major public health concern in Nigeria. In 2021, there were an estimated 68 million cases of malaria and 194,000 deaths. Nigeria has the highest burden of malaria globally, nearly 27% of the global malaria burden.

    Nigeria has a high burden of HIV – fourth in the world. A large number of Nigerians live with the virus. The national agency responsible for AIDS control reported a rate of 1,400 new HIV cases per week in 2023.

    Nigeria has experienced outbreaks of yellow fever, meningitis, cholera, Lassa fever and COVID-19.

    In addition to helping with managing these major diseases, the US government also provided funds to strengthen the country’s ability to prevent, detect, respond to and recover from emerging public health threats.

    With these funds, a Public Health Emergency Management Programme was established and national disease surveillance systems were upgraded. Nigeria’s laboratory diagnostics were enhanced to test for Ebola, mpox, yellow fever, measles, Lassa fever, cholera and cerebrospinal meningitis.

    Other countries (Japan, Germany, Canada, the UK) also provided support through building and equipping laboratories and training health workers.

    What’s most at risk?

    Interventions most at risk are those of which the Nigerian government has abdicated its responsibilities to the donors. They include provision of rapid diagnostic tests for malaria, insecticide-treated bed nets, malaria preventive treatments in pregnancy, provision of fast acting malaria medicines and insecticide for home spraying.

    The following HIV interventions are likely to be adversely affected: HIV counselling and testing services, especially for pregnant women to prevent mother-to-child transmission of HIV, and the care of people living with HIV with TB/HIV services, as well as care and support for orphans and vulnerable children.

    Sustaining laboratory capacity for rapid disease diagnosis will suffer a major setback with reduced or lack of reagents and consumables.

    A huge amount of laboratory equipment is provided by donors. Servicing and replacement of equipment will be affected.

    The Nigerian health sector’s challenges include inadequate funding, shortage of healthcare professionals, poor access to healthcare due to cost, poor infrastructure, and high prevalence of preventable diseases.

    Cutting off US money is not likely to affect the shortage of healthcare professionals, as the major reason for the shortage is their deteriorating work environment and unsafe social environment. This environment was created by years of economic downturn and social insecurity in Nigeria.

    Why is Nigeria still so reliant on US funding?

    I think Nigeria lacks national pride as it begs for assistance to provide what it already has the resources for. The government seems to place the well-being of the citizens on a secondary status.

    Many African governments assume the world owes Africa compensation for colonial activities. But to me, the danger to Nigeria’s freedom from dependency is not truly knowing what we are, who we are, and how endowed we are.

    The world describes Nigeria as “resource limited” and, without thinking, Nigerians accept such name calling. Nigeria is not resource-limited, it is resource wasteful. Nigeria is not resource constrained; it is corruption constrained. Until Nigerians know who and what we are, we will never find the solution to our problems.

    Nigeria’s acceptance of the tag “resource-limited” drives it to beg for assistance even in areas of its highest capability, capacity and competence and where it has highly trained people. Like disease prevention and control.

    Africa has since the 1960s experienced numerous outbreaks of diseases and has acquired significant expertise in disease prevention and control. An example is the 2014 Ebola outbreak in Nigeria, which was brought under control within three months with only 20 cases and eight deaths.

    This was a disease that raged for three years and ravaged three countries: Guinea, Liberia and Sierra Leone. It was reported in seven others with 28,600 cases and 11,326 deaths.

    In Nigeria, the country coordinated response activities which were anchored on the participation of the community. The community was part of disease investigation, contact tracing, isolation of cases and adoption of infection, prevention and control interventions.

    How can Nigeria mitigate the impact?

    Nigeria must immediately provide emergency funds to cover the shortfall arising from the action of the US government. What Trump has done should have been anticipated, because he did the same things during his first term of office.

    Nigeria must re-order its priorities, and provide funds to create and sustain an enabling environment for talented human resources to function effectively for disease control and prevention.

    The country must prioritise disease prevention and control (in that order) through adequate and sustained funding of disease surveillance activities at all levels of governance.

    Nigeria needs to decentralise disease surveillance, prevention and control by enabling states and local government areas to take responsibility. The Nigeria Centre for Disease Control and Prevention should coordinate state and local government areas activities, instead of acting as the controller of diseases in Nigeria.

    Oyewale Tomori 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. US health funding cuts: what Nigeria stands to lose – https://theconversation.com/us-health-funding-cuts-what-nigeria-stands-to-lose-248921

    MIL OSI – Global Reports –

  • MIL-OSI Security: Principal Deputy Associate Attorney General Bill Baer Delivers Remarks at Second International Conference on Access to Legal Aid in Criminal Justice Systems

    Source: United States Attorneys General 13

    Remarks as prepared for delivery

    Thank you, Jennifer [Smith of the International Legal Foundation] for your kind words. 

    I want to thank Minister of Justice [German] Garavano, Vice-Minister of Justice [Santiago] Otamendi and Chief Federal Public Defender General Stella Maris Martinez of the Government of the Republic of Argentina, the United Nations Office on Drugs and Crime, the United Nations Development Programme and the International Legal Foundation, for coordinating this important gathering so that we may, together, explore how to strengthen and improve access to criminal legal aid globally.

    And equally important, I want to thank all of you – the gathered Ministers, Deputy Ministers, Attorneys General, Supreme Court Justices and criminal legal aid providers and experts – for participating in this conference.  All of the leaders in this room – and so many others across the globe – are indispensable partners in our efforts to fulfill the promise of access to criminal legal aid.  Your work is moving us closer to the ideals of equality, opportunity and justice under law.

    The United States participated with enthusiasm at the historic first international convening on criminal legal aid, held in Johannesburg, and it is a privilege to join you in Buenos Aires at the second biannual conference.

    Today, with our Presidential election just concluded, I address you not only as an official of the United States Department of Justice, but also as a representative of American democracy.  Since George Washington first relinquished his office to incoming President John Adams in 1797, a peaceful transition of power has symbolized the stability of the United States government.  On January 20, for the 44th time, a President will transfer his authority and responsibilities to his democratically elected successor.  With that transition may come changes in policies and priorities.  That is normal and in the natural course.  But what will not change – what has not changed for over 200 years, from Administration to Administration – is the promise that all people – regardless of wealth or want, status or stature, color or creed – are entitled to a set of undeniable rights:  equal protection, fundamental fairness and impartial justice.

    This commitment to equal justice is rooted in the founding ideals set forth in the Declaration of Independence and the Constitution.   It has been enshrined by our Supreme Court in milestone decisions like Brown v. Board of Education, which struck down racial segregation in schools, and Gideon v. Wainwright, which guaranteed that a defendant in a criminal case has the right to a lawyer whether or not that person can afford one.  It has been embraced by Presidents of both parties, as exemplified by the creation of the Legal Services Corporation, the largest funder of civil legal aid for low-income Americans, by President Richard Nixon and President Bill Clinton’s signing of the landmark Violence Against Women Act, which provides legal aid for victims of domestic violence.  And it is embodied in the renewed debate on the criminal justice system, in which Americans from a range of backgrounds and political beliefs have come to agree on the need to address persistent inequities and inefficiencies in our criminal justice system, from the fairness of our sentencing laws, to the injustice in imposing fines and fees against those unable to pay, to how we reintegrate into civic and economic life those individuals convicted of crimes who have paid their debt to society.

    Our progress towards fulfilling these promises has not been uninterrupted.  At times, we have made great strides, dedicating resources, energy and ideas to the task.  At other times, we have fallen short of our own ideals.  But with each triumph and setback, we have been reminded that justice is as much a journey as it is a destination – as much a process as it is an outcome – and that the fairest criminal justice system gives equal attention to both.

    Addressing this challenge has been a priority of the Department of Justice in the eight years of the Obama Administration.  In 2010, the department launched the Office of Access to Justice – which I oversee and which seeks to improve access to legal aid to everyone in the United States who needs it.  Much of the Office’s work is directed at strengthening criminal defense for the poor by focusing on many of the same values outlined in the 2012 U.N. Principles and Guidelines on Access to Legal Aid in Criminal Justice Systems.

    Among our most significant accomplishments has been to ensure the reality of Gideon’s promise, for the right to counsel is not only a constitutional imperative but vital to the effective functioning – and legitimacy – of the U.S. criminal justice system.  Fulfilling this promise is not easy.  Between 1999 and 2007, the number of public defenders – the front-line lawyers in our country who provide legal aid to indigent criminal defendants – increased by only four percent while their caseload increased by 20 percent.  When managing such huge caseloads, it is difficult and often times impossible, for public defenders to carry out their legal and ethical duties to their clients.  To help alleviate that problem, the Department of Justice has awarded millions of dollars to cities, states and defense advocacy organizations to support their indigent defense work.  These awards expanded the number of cities that participate in the department’s “Smart Defense” program, where cities use data, research and research partnerships to enhance criminal justice systems and programs.  These funds have also been invested in bringing risk assessment to the pre-trial detention stage, so that judges are making informed pre-trial release decisions that improve cost-effectiveness while protecting public safety and defendants’ due process, and to ensure that our public defenders have the skills necessary to be effective pretrial advocates.   And where states have proven unwilling to dedicate the necessary resources to public defender services, the department has filed amicus briefs in our courts arguing that it is a constructive denial of the constitutional right to counsel for a public defender system to be so under-resourced, so understaffed and so underfunded that an indigent defendant has access to counsel in name only. 
     
    The priority on access to criminal legal aid has extended to forging partnerships with American Indian tribes – our nation’s indigenous communities.  As Robert Kennedy rightly noted when he served as Attorney General, it is a tragic irony that the first Americans have endured a long and painful history of broken promises, deferred action and denied rights at the hands of the United States Government.  As one of many steps taken by the Justice Department to right these injustices, we have authored and supported landmark legislation to expand American Indian tribal governments’ criminal jurisdiction and sentencing authority while at the same time enhancing protections for criminal defendants in tribal courts.  To further that effort, the department has worked hard to support tribes through funding and training that improves the trial skills of tribal public defenders as well judges and prosecutors. 

    Of course, advancing access to justice for all also requires that we look critically at the Justice Department’s own role – and its own responsibility – as a central player in the federal criminal justice system.  Three years ago, the department launched the Smart on Crime initiative – a groundbreaking effort designed to reorient the way we approach criminal justice issues by diminishing the use of harsh mandatory sentences for low-level drug offenses; investing in rehabilitation and reentry programs that can reduce the likelihood of recidivism; and supporting vulnerable communities to prevent them from being caught up in the criminal justice system in the first place.  Additionally, we have embarked on an historic clemency initiative, allowing the President to commute sentences for more individuals than the last 11 Presidents combined.  And we have worked hard to get the incentives right in ensuring access to counsel in the federal system, including no longer requiring defendants in plea deals to waive future claims about whether their counsel was effective, and no longer allowing an immigrant convicted of a crime to be found deportable on the basis of alleged facts never established in the criminal case – a process unfair to immigrants who lack counsel and who may have agreed to plead guilty specifically to avoid immigration consequences. 

    Internationally, we have been proud partners with you on promoting equal access to justice, both in the criminal and civil arenas.  Since the U.N.’s unanimous adoption, just over a year ago, of the 2030 Agenda on Sustainable Development, we have been working with the international community to breathe life into Global Goal 16, which calls on countries – including the United States – to “promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels.”  To that end, the White House Legal Aid Interagency Roundtable (LAIR) was formally established. 

    The Roundtable works to identify how and when legal aid can improve federal programs that serve our nation’s vulnerable and underserved populations. By integrating civil legal aid into a wide array of federal programs designed to improve access to housing, health care services, employment and education, and enhance family stability and public safety, the programs are strengthened and objectives better met.  This month, the Roundtable will issue its first annual report to the President.  This report will detail the history of this interagency effort and provide concrete examples of how civil legal aid has been integrated into federal programs that support the poor and vulnerable.

    The Roundtable’s report will not be our only effort to track the progress toward fulfilling Goal 16 – and specifically Target 16.3, which calls on countries to “promote the rule of law at the national and international levels and ensure equal access to justice for all.”  In September, I announced the United States’ commitment to identifying national indicators for Target 16.3, joining other nations around the world, including in the Americas, who have started regional efforts to identify indicators. The United States’ effort, which is being led by the Department of Justice, and includes experts from across the federal government, will help develop national criminal and civil access to justice indicators so that we can rigorously gauge our progress towards the goal of equal justice for all Americans.   While we are still assessing what these indicators might be, we are exploring whether we can track the impact of criminal and civil legal aid on myriad aspects of the justice system.

    And because the United States is so strongly supportive of ensuring quality and effective criminal defense, we introduced the groundbreaking resolution at this year’s United Nations Commission on Crime Prevention and Criminal Justice (UN Crime Commission) that you heard about yesterday to promote access to indigent defense, including through the creation of national, regional and international networks of legal aid providers.  Resolution 25/2: Promoting legal aid builds on past international activity, including the 2012 U.N.  Principles and Guidelines, and on the common sense idea that the best way to improve defense services across the globe is through peer-to-peer exchanges and learning.  The United States stands ready to share its experiences in promoting indigent defense and to learn from yours.

    Let me end where I began:  by thanking all of you for your participation in this conference, and for your commitment and perseverance to the work of promoting equal access to justice.  When my predecessor Tony West spoke at the inaugural gathering in South Africa, he was clear-eyed about both the progress that had been made in the provision of the right to counsel and the hard work that remained to be done.  Two years later, I echo Tony’s message.  Global efforts to support the right to counsel have never been stronger.  But we have much left to do. 

    Conferences like this one are a beginning not an end.   Long after this conference concludes, after all of us have returned home, after all the keynote speeches have been given and outcome documents adopted, there will remain the work of continuing to build criminal and civil legal systems that deliver the promise of equal justice under law for every individual, regardless of where they were born, their color or class, their religious faith or their sexual orientation.  That work will not be easy.  The progress will not always be uninterrupted.  But rest assured that the United States stands with you in this mutual endeavor.  We will remain an outspoken advocate on the importance of access to criminal legal aid at home and abroad.   We will continue to be a staunch ally in the fight for justice.  And we will remain a steadfast partner in the endeavor to build legal systems that are fair and effective for all.  I look forward to all that we will achieve – together – in the years ahead.  Thank you.

    MIL Security OSI –

  • MIL-OSI: Outcrop Silver to Present at the Metals & Mining Virtual Investor Conference

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Feb. 05, 2025 (GLOBE NEWSWIRE) — Outcrop Silver (TSXV: OCG, OTCQX: OCGSF, DE: MRG) (“Outcrop Silver”) today announced that Ian Harris, President and CEO, will participate in the Metals & Mining Virtual Investor Conference on February 12-13, 2025.

    PRESENTATION DATE: February 12, 2025
    TIME: 3:00 pm ET
    LINK: https://bit.ly/3WN4CNo

    Outcrop Silver invites individual and institutional investors, as well as advisors and analysts, to attend real-time, interactive presentations on VirtualInvestorConferences.com

    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.

    The management team is available for 1×1 meetings.

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

    Investors can learn more about the event at www.virtualinvestorconferences.com.
    Details of these and other investor events are available on the “Events” section of Outcrop Silver’s website at www.outcropsilver.com

    Company Highlights

    • Flagship Project: Advancing the high-grade Santa Ana primary silver project in Colombia, recognized as one of the world’s highest grade primary silver projects.
    • Resource Quality: Indicated resource grade stands at 614 g/t AgEq.
    • Resource Categorization: 64% of the silver equivalent ounces are classified as indicated.
    • Resource Composition: The total mineral resources comprise 73% silver and 27% gold
    • Metallurgical Excellence: Achieved outstanding recoveries of 96.3% for silver and 98.5% for gold through advanced gravimetric and flotation methods.
    • Pathway to Growth: Recent drilling extended high-grade mineralization by 9 kilometres south of the resource area. Ongoing expansion drilling is complemented by efforts to de-risk the project through strengthened ESG performance, engineering advancements, and permitting progress.

    About Outcrop Silver

    Outcrop Silver is a leading explorer and developer focused on advancing its flagship Santa Ana high-grade silver project in Colombia. Leveraging a disciplined and seasoned team of professionals with decades of experience in the region, Outcrop Silver is dedicated to expanding current mineral resources through strategic exploration initiatives.

    At the core of our operations is a commitment to responsible mining practices and community engagement, underscoring our approach to sustainable development. Our expertise in navigating complex geological and market conditions enables us to consistently identify and capitalize on opportunities to enhance shareholder value. With a deep understanding of the Colombian mining landscape and a track record of successful exploration, Outcrop Silver is poised to transform the Santa Ana project into a significant silver producer, contributing positively to the local economy and setting new standards in the mining industry.

    CONTACTS:
    Outcrop Silver
    Ian Harris, Chief Executive Officer                       Kathy Li, Vice President Investor Relations
    +1 604 638 2545                                                       +1 778 783 2818
    harris@outcropsilver.com                                     li@outcropsilver.com www.outcropsilver.com

    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.

    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 Security: Acting Attorney General Matthew Whitaker Delivers Remarks at John F. Kennedy International Airport’s International Mail Distribution Center

    Source: United States Attorneys General 13

    Remarks as prepared for delivery

    Thank you, Director Russo, for that kind introduction.  I especially want to thank you and your brother for following in your Dad’s footsteps and going into law enforcement.  Thank you for 23 years of service.

    I also want to thank:

    • Rich Donoghue, our U.S. Attorney for the Eastern District of New York,
    • Phil Bartlett and our postal inspectors,
    • Keith Kruskall and Michael Abraham with DEA,
    • Port Director Frank Russo,
    • Director of Operations Troy Miller, and
    • Assistant Special Agent in Charge Christopher Lau.

    Thank you all for the tour and for the briefing. 

    But most of all, thank you to our CBP, DEA, Postal Inspection Service Agents who are here for the interdiction work you do every day.

    Your work is more important than ever—because today we are facing the deadliest drug crisis in American history.  Last year 72,000 Americans lost their lives to drug overdoses.  That’s the highest drug death toll in American history.  More Americans died of drug overdoses last year than from car crashes or from AIDS at the height of the AIDS epidemic.

    Despite rising prosperity and better technology, life expectancy in the United States actually declined over the last two years in a row.  The last time that happened was 55 years ago.

    Millions of people are living with the painful consequences of a family member’s addiction or an addiction of their own.  I personally know people whose families have been torn apart by drug addiction.  These days, it is likely that most of you do, too.  We all do.

    New York has not been immune to this problem.  No one has. 

    Drug overdose deaths in New York City have gone up by 81 percent in just the last three years.

    The situation is daunting.  But law enforcement has a unique opportunity to reverse these trends.

    President Trump has a comprehensive plan to end this crisis.  The three parts of the plan are prevention, treatment, and enforcement.

    The President has improved our prevention efforts by launching a national awareness campaign about the dangers of opioid abuse—a campaign I strongly support.  In the long run, getting more and more people to reject drug abuse in the first place will stop addiction from spreading.

    The drugs on the street today are as potent and as dangerous as they have ever been.  That is because of synthetic opioids—drugs like fentanyl and carfentanil. 

    These drugs killed 20,000 Americans last year—more than any other kind of drug.  Three milligrams of fentanyl can be fatal.  That’s equivalent to a pinch of salt.

    And you don’t have to go to a street corner to buy these drugs.  With a few clicks of a button you can go online and have them shipped from overseas right to your door.  The odds are good that those packages come through this room.

    I’m told that you process more than 800,000 pieces of mail every day just at this airport, including a majority of international mail entering the United States.  I’m also told that you intercepted dozens of packages of fentanyl just in this last fiscal year.  That is incredible work and I have no doubt that it has saved lives.

    Just last month, the President signed into law major legislation that I believe will make you more effective.  Under the new law, the Postal Service must share electronic information with CBP about packages coming into the United States.  That information includes where it’s from, where it’s going, and what’s in it.  That will help law enforcement track suspicious packages, find criminals, and it will help us prove our case at trial.

    And that is critical.  You are our strong first line of defense against these drugs.  But you need a strong offense, too. 

    And that’s where we come in.

    We don’t just want to stop packages once they get here—we want to prevent them from being sent in the first place.

    By prosecuting traffickers and breaking up the supply chain, our work ultimately will make your work safer and easier.

    One of President Trump’s first Executive Orders was to the Department of Justice, telling us to dismantle the networks of transnational organized crime.  We have been faithful to that order.

    In fact, the Trump administration is the first administration to prosecute Chinese fentanyl traffickers.  We know that China is responsible for the vast majority of fentanyl in this country.

    Last October, we announced the first two indictments against Chinese nationals for trafficking synthetic drugs in the United States.  Over the summer we announced our third case—a 43-count indictment against a drug trafficking organization based in Shanghai.

    This summer I went to China and I spoke with Chinese officials about this exact problem.  I made it clear to them that we need better information from them on packages coming to this country.  Just like we want to improve our law enforcement cooperation with them, we need their cooperation on this issue, as well.  This administration is paying very close attention to this problem.

    Nevertheless, with your help, the United States is interdicting drugs coming into this country at record levels.

    In just the first three months of 2018, the DEA seized a total of more than 200 pounds of suspected fentanyl in cases from Detroit to New York to Boston.  Depending on its purity, that can be enough to kill tens of millions of people.

    In fiscal year 2017, we broke the record for fentanyl prosecutions at the federal level—and in fiscal year 2018, we broke that record again.

    Last July, the Department announced the seizure of the largest dark net marketplace in history – AlphaBay.  This site allowed you to send packages of drugs from China straight to your door.  They hosted some 220,000 drug listings and was responsible for countless synthetic opioid overdoses, including the tragic death of a 13 year old in Utah.

    Earlier this year we filed charges against a married couple who we believe were once the most prolific synthetic opioid traffickers on Alpha Bay and on the darknet in North America in general.  We also worked with our partners in Canada to help them indict a man we believe was the third most prolific darknet synthetic opioid dealer in North America.

    And we have new weapons to be even more effective in the future.  In January we began J-CODE, a new team at the FBI that focuses specifically on the threat of online opioid sales—the sales that are so often sending packages through this building.  J-CODE has already begun carrying out enforcement actions nationwide, arresting dozens of people across the country.

    And in the districts where drug deaths are the highest, we are now prosecuting synthetic opioid trafficking cases, even when the amount is small.  We have sent 10 more prosecutors to help implement this strategy in those 10 districts.  We call this effort Operation Synthetic Opioid Surge—or Operation S.O.S.

    We tried this strategy in Manatee County, Florida—which is just south of Tampa—and it worked.  This past January, they had half the number of overdose deaths as the previous January.  We want to replicate those results across the country.

    We have also sent more than 300 new federal prosecutors to our U.S. Attorneys offices across America.  This is the largest surge in prosecutors in decades.

    We have also hired more than 400 DEA task force officers this year alone.  That is a record increase.

    All of these efforts are delivering results. 

    Federal drug prosecutions overall went up by six percent over the last fiscal year, and fentanyl prosecutions have increased dramatically for two years in a row.

    Most importantly, we are seeing an impact on people’s lives.  While 2017 saw more overdose deaths than 2016, data for the last months of the year show that the increases may have finally come to an end.  Drug overdose deaths fell by two percent from September 2017 to March 2018.

    We are right to celebrate these accomplishments, but we have to acknowledge that we still have a lot more work to do—and the stakes have never been higher.

    That is why I am so glad that we have this incredible facility and the dedicated professionals who make it a success.  You are our strong first line of defense—and we appreciate you.

    And so I want each of you to know: we have your back and you have our thanks.

    MIL Security OSI –

  • MIL-OSI: Avid Bioservices poised for significant growth with new partners GHO Capital and Ampersand Capital Partners

    Source: GlobeNewswire (MIL-OSI)

    Avid Bioservices poised for significant growth with new partners GHO Capital and
    Ampersand Capital Partners

    • Acquisition of biologics Contract Development and Manufacturing Organisation Avid Bioservices now completed
    • GHO and Ampersand’s deep experience in CDMO investing to support Avid’s next stage of rapid growth including expanded offerings, talent investment and greater geographic reach

    London, UK, Boston, MA and Tustin, CA, February 5, 2025 — GHO Capital Partners LLP (“GHO”), the European specialist investor in global healthcare, and Ampersand Capital Partners (“Ampersand”), a private equity firm specialising in growth equity investments in the life sciences and healthcare sectors, today announced the successful closing of the previously announced acquisition of Avid Bioservices (“Avid” or the “Company”), a dedicated biologics Contract Development and Manufacturing Organisation (“CDMO”) working to improve patient lives by providing high quality development and manufacturing services to biotechnology and pharmaceutical companies.

    Avid has experienced significant growth in recent years, offering its clients full lifecycle capabilities—from concept to commercial supply. With substantial investment already made by the Company in its capacity at its state-of-the art facilities and its expertise in bioprocess optimisation, analytical testing, and regulatory compliance, Avid delivers high-quality, industry leading complex biologics to a roster of international customers.

    GHO has considerable expertise in the CDMO sector through investments in its portfolio in companies like Ardena, Sterling Pharma Solutions, RoslinCT, and Alcami Corporation. Its strategy focuses on expanding technological capabilities, driving acquisitions, and supporting transatlantic expansion across the CDMO value chain, from early-stage development to commercial manufacturing. Leveraging its healthcare expertise and network, GHO transforms CDMOs to enhance their services and market reach, ultimately delivering better, faster and more accessible healthcare.

    Alan MacKay and Mike Mortimer, Managing Partners of GHO, commented: “We are delighted to start 2025 with the completion of this transaction, our first public to private deal. GHO has a deep understanding of the CDMO sector and Avid perfectly exemplifies a company that is operating in high growth markets supporting the growing biotech sector in research and development and big pharma and large biotech for the commercialisation of cutting-edge biologics. Avid’s recent investments, both in capacity and its exemplary team, have created a strong foundation for future growth. We look forward to partnering closely with the Avid team to unlock the business’s full potential.”

    Nick Green, President and CEO of Avid, said: “Avid has succeeded by evolving and adapting to meet our customers’ complex development and manufacturing needs. The completion of this transaction marks an exciting milestone as we move forward with new owners in GHO Capital and Ampersand who will provide us with access to resources that will accelerate our growth. With their support, we are well-positioned to enhance our capabilities, expand our service offerings, and deliver even greater value to our customers in this next phase of our journey.”

    David Anderson, General Partner of Ampersand, added: “Avid has earned its reputation as a leader in biopharmaceutical development and manufacturing through technical excellence, customised solutions, and consistent regulatory compliance. By combining our deep industry expertise with Avid’s established capabilities, we are positioned to deliver enhanced value and accelerate innovation for clients globally.”

    On 7 November 2024, GHO and Ampersand entered into a definitive merger agreement for Avid to be acquired by funds managed by GHO and Ampersand in an all-cash transaction valued at approximately $1.1 billion. With the completion of the transaction, Avid’s stockholders are entitled to receive $12.50 per share in cash. The Company’s common stock has ceased trading and will be delisted from Nasdaq.

    Advisors
    William Blair served as buyside financial advisers, Ropes & Gray served as legal counsel, ClearView Healthcare Partners served as commercial advisor and Alvarez & Marsal served as financial advisors to GHO and Ampersand.

    Contacts:

    GHO Capital

    Amber Fennell / Kris Lam
    ICR Healthcare
    +44 7739658783
    ghocapital@icrhealthcare.com

    Avid Bioservices

    Stephanie Diaz
    Vida Strategic Partners
    415-675-7401
    sdiaz@vidasp.com

    Tim Brons
    Vida Strategic Partners
    415-675-7402
    tbrons@vidasp.com

    Aaron Palash / Allison Sobel
    Joele Frank, Wilkinson Brimmer Katcher
    (212) 355-4449

    About GHO Capital

    Global Healthcare Opportunities, or GHO Capital Partners LLP, is a leading specialist healthcare investment advisor based in London. GHO Capital applies global capabilities and perspectives to unlock high growth healthcare opportunities, targeting Pan-European and transatlantic internationalisation to build market leading businesses of strategic global value. GHO Capital’s proven investment track record reflects the unrivalled depth of our industry expertise and network. GHO Capital partners with strong management teams to generate long-term sustainable value, improving the efficiency of healthcare delivery to enable better, faster, more accessible healthcare. For further information, please visit www.ghocapital.com.

    About Avid Bioservices, Inc.

    Avid Bioservices is a dedicated CDMO focused on development and CGMP manufacturing of biologics. The Company provides a comprehensive range of process development, CGMP clinical and commercial manufacturing services for the biotechnology and biopharmaceutical industries. With more than 30 years of experience producing biologics, Avid’s services include CGMP clinical and commercial drug substance manufacturing, bulk packaging, release and stability testing and regulatory submissions support. For early-stage programs the Company provides a variety of process development activities, including cell line development, upstream and downstream development and optimization, analytical methods development, testing and characterization. The scope of our services ranges from standalone process development projects to full development and manufacturing programs through commercialization. www.avidbio.com

    About Ampersand Capital Partners

    Ampersand Capital Partners, founded in 1988, is a middle-market private equity firm with $3 billion of assets under management, dedicated to growth-oriented investments in the healthcare sector. With offices in Boston, MA, and Amsterdam, Netherlands, Ampersand leverages a unique blend of private equity and operating experience to build value and drive long-term performance alongside its portfolio company management teams. Ampersand has helped build numerous market-leading companies across each of the firm’s core healthcare sectors. For additional information, visit www.ampersandcapital.com or follow us on LinkedIn.

    The MIL Network –

  • MIL-OSI: Double Your Deposit and Get $50 Bonus with 100x Leverage Crypto Trading at BexBack – No KYC!

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Feb. 05, 2025 (GLOBE NEWSWIRE) — With the price of bitcoin once again trading below $100,000, many analysts believe it will enter a long period of high volatility. Holding spot positions may not continue to generate profits in the short term. BexBack Exchange is stepping up its efforts to provide traders with irresistible preferential packages. The platform now offers a 100% deposit bonus, a $50 welcome bonus for new users, and a 100x leverage on cryptocurrency trading, creating unparalleled opportunities for investors.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $100,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $105,000, your profit will be (105,000 – 100,000) * 100 BTC / 100,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, and XRP futures contracts. It is headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. It holds a US MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. Accepts users from the United States, Canada, and Europe. There are no deposit fees, and traders can get the most thoughtful service, including 24/7 customer support.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. 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.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/2d7570e1-dd49-41f2-bb56-fdde6bb57717

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b704fe83-5d72-424f-8e4d-faedb85932fd

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b1489dbf-1cba-4388-8bb7-dd56cd0dd96f

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3653b677-5659-44e3-b40f-346380acd8ca

    The MIL Network –

  • MIL-OSI: New Chargeflow Research Shows that As Many as 80 Percent of Chargebacks Are Abusive

    Source: GlobeNewswire (MIL-OSI)

    TEL AVIV, Israel and WILMINGTON, Del., Feb. 05, 2025 (GLOBE NEWSWIRE) — Chargeflow, the pioneering chargeback platform tailored exclusively for online businesses, today announced a new research report, The Psychology of Chargebacks: Uncovering Why Consumers Dispute Charges. Featuring insights from 701 consumers, the research shows that customer demands for immediate issue resolution and other factors are leading to soaring incidents of unfriendly fraud that could be costing merchants as much as $117 billion annually.

    According to Mastercard’s 2024 Outlook: Strategic Insights for Issuers and Merchants report, U.S. chargeback transaction volume is expected to reach 146 million chargebacks in 2026. In its latest report, Chargeflow provides details that look beyond this growth to show why customers are choosing to file chargebacks over resolving issues directly with merchants.

    Prompt Customer Service is Critical
    Customers who have experienced issues with a merchant expect the situation to be resolved quickly. In fact, many give merchants zero opportunity to remedy a problem. When asked how long they would typically wait to file a chargeback after encountering an issue, 23 percent stated they would file immediately. Another 38 percent stated they would wait just 1-3 days, while 23 percent said they were happy with response times between 4-7 days. The bottom line, customers are giving merchants’ customer service teams little to no time to identify the issue and de-escalate any problems before disputes are filed.

    Lack of Immediate Communication Opens Door for Chargebacks
    Customers value merchant communications when it comes to resolving issues. According to the research, 64 percent say it’s important they receive immediate communication from a merchant regarding a complaint, with an additional 31 percent saying it is somewhat important. Their goal is unanimous–90 percent of consumers report they typically try to resolve a matter with the merchant before initiating a chargeback.

    While customers seek resolution, their patience quickly runs thin. According to the research, 85 percent of customers are likely or somewhat likely to move forward and file a chargeback if a merchant doesn’t respond to their complaint within a reasonable timeframe. With such demands, it should come as no surprise that 80 percent of those who initiated a chargeback said they were never contacted by a merchant with customer service teams that are likely understaffed and overburdened.

    Dispute Policies Encourage Chargebacks
    Overworked teams are not the only issue. Customer-first dispute policies also lead to chargeback success rates that do little to dissuade customers from acting—only 12 percent report having had a chargeback denied. Eight percent of respondents said they had a chargeback refuted for insufficient evidence, 3 percent said their claim was denied because merchants provided counterevidence, and 2 percent for a policy violation. With that level of success, it’s not surprising that 98 percent of consumers have had a neutral to highly satisfactory experience with the chargeback process offered by their bank or credit card.

    “The industry is acutely aware that chargebacks are soaring but there is far less clarity on what’s driving this surge. This research shows that a lack of patience on the side of customers is driving a vast majority of chargebacks that are not only unnecessary but also costing merchants billions of dollars,” said Ariel Chen, Co-Founder and CEO of Chargeflow. “This situation is exacerbated by the use of customer-first dispute policies which make it more appealing to file a dispute than to work with customer service teams towards a resolution. Stopping this cycle requires merchants to improve their support systems to the point where resolving an issue is a more attractive option to customers.”

    Bad Customer Experiences Also Drive Chargebacks
    Customer reliance on chargebacks is not only tied to perceived poor service resolution. The Chargeflow research found a direct correlation between customer experiences and chargeback. For example, when asked about the likelihood of initiating a chargeback if they encountered an issue with a purchase, 27 percent of respondents stated they were highly likely, and 35 percent stated they were somewhat likely. Only 11 percent of customers said they are somewhat unlikely and very unlikely. This finding is consistent with the core theme that consumers view chargeback as a standard tool for addressing perceived problems with a merchant.

    Lack of Awareness Leads Consumers to Unknowingly Committing Friendly Fraud

    Chargeflow’s The Psychology of Chargebacks report found that nearly 80 percent of chargeback cases result from friendly fraud. Despite this figure, this new research finds that most customers are unaware they are engaging in such activity. When asked if they initiated a false chargeback (when they knew the merchant was in the right and they should not), only 2.9 percent of respondents said they had done so. That means close to 97 percent believe they have not incorrectly filed a chargeback—rates that cannot be correct.

    In fact, the research found that only 9 percent of respondents said they filed a chargeback because they disagreed with a brand, its values, or its customer experience. As a result, consumers likely believe that they have rightly used their customer protections and not purposely or maliciously attached merchants.

    Survey Methodology
    This survey features data gathered from responses from a population sample of 700 people. Of this group, there was a near-even split between four age demographics: 18-34 (20 percent), 35-44 (28 percent), 45-54 (27), and 55-99 (25 percent). Forty-four percent of respondents listed as Male and 56 percent as female. The margin of error rests at 4 percent, with a confidence level of 95 percent.

    To access the complete Psychology of Chargebacks: Analyzing the Hidden Factors That Push Consumers to Dispute Charges report, please visit here.

    About Chargeflow
    Chargeflow is the world’s first fully automated chargeback management solution, designed for eCommerce merchants by eCommerce entrepreneurs. Chargeflow leverages technology and generative AI, along with human expertise, to help recover lost revenue and alleviate chargeback pains for online merchants. Chargeflow has an industry-leading win rate and guarantees return on investment, providing a risk-free entry for any business interested in using its service. For more information, please visit https://www.chargeflow.io/.

    Media Contact:
    Doug Fraim
    Public Relations Manager, Chargeflow
    press@chargeflow.io

    Chargebacks represent a significant challenge in the global financial landscape, impacting merchants across various industries. Here’s an overview of the worldwide chargeback volume, both in terms of the number of chargebacks and their monetary value:

    Number of Chargebacks:

    • 2023 Data: In 2023, the global ecosystem experienced approximately 238 million chargebacks. Projections indicate that by 2026, this number could rise to around 337 million, marking a 42% increase. citeturn0search0

    Monetary Value of Chargebacks:

    • 2023 Estimates: The total cost associated with chargebacks worldwide was projected to reach $117.46 billion in 2023. This figure encompasses various expenses, including lost sales revenue, fees, and administrative costs borne by merchants and financial institutions. citeturn0search2
    • U.S. Specific Data: Focusing on the United States, cardholders disputed at least $65.2 billion worth of charges in 2023. When considering additional factors such as the broader financial impact on merchants, the total cost to U.S. merchants was estimated at approximately $243.75 billion. citeturn0search1

    Average Cost per Chargeback:

    • Per Incident Cost: On average, each chargeback in 2023 cost merchants about $191. This estimate is based on an average disputed transaction amount of $90 and includes various associated costs. citeturn0search2

    These statistics underscore the substantial financial impact of chargebacks on businesses globally. The rising trend in both the number and value of chargebacks highlights the importance for merchants to implement effective prevention and management strategies to mitigate potential losses.

    The MIL Network –

  • MIL-OSI: VelocityEHS Recognized as a Best Places to Work

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 05, 2025 (GLOBE NEWSWIRE) — VelocityEHS®, the global leader in EHS & ESG software solutions, is honored to be named as one of Built In’s 2025 Best Places to Work. The company has been recognized in both the Midsize and Remote categories, reflecting its commitment to fostering an exceptional workplace culture.

    Built In’s annual awards program honors companies of all sizes—from startups to enterprises—and celebrates top employers in major tech markets across the U.S., including remote-first organizations.

    “At VelocityEHS, we believe that our people are the heart of our success,” said Rachel Kaiser, SVP Chief People Officer, VelocityEHS. “This recognition reflects our commitment to creating a collaborate workplace where every employee feels valued, supported, and empowered to grow—both personally and professionally.”

    To align with the benefits candidates increasingly value through Built In, the program celebrates companies that offer the best compensation and total rewards packages. It evaluates key factors such as remote and flexible work opportunities, initiatives that promote engagement and belonging, and a culture that prioritizes people-first values.

    “Being recognized as a Best Place to Work is a testament to these companies’ commitment to building a workplace where individuals and innovation thrive,” says Built In CEO and Founder, Maria Christopoulos Katris. “At Built In, we understand that great companies are powered by great teams, and this achievement showcases their dedication to fostering a culture of growth and excellence. Congratulations on this well-deserved honor.”

    Read more news and insights on the VelocityEHS press page.

    About VelocityEHS

    Relied on by more than 10 million users worldwide to drive operational excellence and achieve outstanding outcomes, VelocityEHS is the global leader in true SaaS enterprise EHS & ESG technology. The VelocityEHS Accelerate® Platform is the definitive gold standard, delivering best-in-class software solutions for managing Safety, Ergonomics, Chemical Management, and Operational Risk. In addition, Velocity offers world-class applications for Contractor Safety & Permit to Work, Environmental Compliance, and ESG.

    The VelocityEHS team includes unparalleled industry expertise, with more certified experts in health, safety, industrial hygiene, ergonomics, sustainability, the environment, AI, and machine learning than any other EHS software provider. Recognized by the EHS industry’s top independent analysts as a Leader in the Verdantix 2025 Green Quadrant Analysis, VelocityEHS is committed to industry thought leadership and to accelerating the pace of innovation through its software solutions and vision. Its privacy and security protocols, which include SOC2 Type II attestation, are among the most stringent in the industry.

    VelocityEHS is headquartered in Chicago, Illinois, with locations in Ann Arbor, Michigan; Tampa, Florida; Oakville, Ontario; London, England; Perth, Western Australia; and Cork, Ireland. For more information, visit www.EHS.com. 

    ABOUT BUILT IN
    Built In is the “always on” recruiting platform that reaches the tech professionals that other leading recruiting platforms don’t. Designed to help companies hire expert tech talent, Built In continuously drives brand awareness with content. Monthly, millions of the industry’s most in-demand global tech professionals visit our site to stay ahead of tech trends and news, learn skills to accelerate their careers, find the right job opportunities and get hired. Thousands of companies, from fast-growing startups to the largest enterprises rely on Built In. By putting their stories in front of our uniquely engaged audience, we help them hire otherwise hard-to-reach technical and expert talent. www.builtin.com

    Media Contact:
    Jennifer Sinkwitts
    VelocityEHS
    jsinkwitts@ehs.com

    The MIL Network –

  • MIL-OSI: Ivo raises $16M Series A to deliver reliable AI contract review at scale, as it launches Ivo Search Agent

    Source: GlobeNewswire (MIL-OSI)

    San Francisco , Feb. 05, 2025 (GLOBE NEWSWIRE) — Contract negotiation remains the most challenging bottleneck in the contract lifecycle, with legal teams spending hours on manual redlining and revisions while ensuring perfect accuracy. As contract volumes surge, in-house lawyers face mounting pressure to review more agreements than ever before – yet traditional automation tools prioritize speed over accuracy, forcing legal teams to choose between efficiency and reliability. Today, Ivo announces a $16 million Series A funding round to scale its AI-powered contract review solution that has already helped over 150 corporate legal teams negotiate their agreements. Ivo’s customers include companies like Canva, Fonterra, Pipedrive, Weightwatchers, Eventbrite, Blue Cross Blue Shield Kansas City, and several Fortune 500’s.

    The Series A funding round is led by Costanoa Ventures, with participation from Fika Ventures, Uncork Capital, NFDG, Blackbird VC, GD1, and Phase One Ventures. It brings Ivo’s total funding to $22.2 million, following early backing from Daniel Gross and a $4.8 million seed round led by Fika Ventures and Uncork Capital. 

    Ivo founders: Jacob Duligall and Min-Kyu Jung.

    Ivo has developed a breakthrough approach to contract review that sets new standards for accuracy. The platform automatically checks agreements against company requirements, generates specific suggestions for resolving discrepancies, and creates compromise language between conflicting clauses. Unlike competitors that treat legal review as a simple automation problem, Ivo’s sophisticated AI produces naturalistic redlines that mirror the work of experienced attorneys, maintaining consistent terminology and making minimal necessary changes. 

    “When I was a corporate lawyer, contract review was amongst the most manual and time-consuming tasks,” says Min-Kyu Jung, CEO and Co-founder of Ivo. Determined to solve this problem himself, Jung left his legal career, taught himself to code, and began building what would become Ivo. After speaking with hundreds of legal professionals and iterating through multiple versions of the product, his team developed a solution that lawyers could use in confidence.

    The impact on legal teams has been immediate and significant. “Ivo reduced our average time to approve counterparty NDAs for signatures from four days to two, while first pass turn improved from an average of 11 hours to 5 minutes,” says Adrie Christiansen, Legal Operations Lead at Quora. Similarly, Geotab’s legal team reports an average savings of 45 minutes per contract review – a 75% efficiency gain that allows their lawyers to focus on strategic work. This improvement comes without sacrificing accuracy, as Ivo’s transparency allows lawyers to understand and validate every suggestion. The platform has proven particularly valuable for high-volume contract review, where maintaining consistency across thousands of agreements is critical. Through extensive customization options and playbook features, legal teams can establish clear guardrails that enable business users to handle initial contract reviews while ensuring proper escalation protocols.

    The timing of Ivo’s expansion is critical. As artificial intelligence emerges as potentially the most transformative technology since the internet, legal teams face mounting pressure to adopt solutions that can scale their capabilities. Yet most AI tools lack the sophistication to handle complex legal analysis, creating more work for lawyers who must double-check every output. With its team of in-house lawyers continually refining and enhancing the platform, Ivo has developed an approach that augments rather than replaces legal judgment – acting as a “powerful force multiplier” for teams handling increasingly large volumes of contracts.

    The Ivo Search Agent: running a query.

    Today’s launch of Ivo Search Agent marks another milestone in the company’s mission to transform how legal teams work. This new capability revolutionizes contract search and analysis by eliminating the need for manual metadata tagging — a significant pain point in traditional contract lifecycle management systems. Legal teams can now search and generate reports across their entire contract portfolio regardless of where documents are stored, whether in cloud storage solutions like Box and SharePoint or local computers. The system works seamlessly across various data sources, including CLM integrations, requiring minimal implementation while delivering comprehensive insights.

    “Ivo is fundamentally transforming contract review for lawyers and legal teams,” said Amy Cheetham, Partner at Costanoa Ventures. “By leveraging AI to manage the meticulous, painstaking work of contract review, Ivo gives legal teams tools designed by lawyers to work faster with greater accuracy. In a world where legal organizations are constantly under pressure to meet business demands and improve efficiency, the launch of Ivo’s new search tool will allow legal teams to search and generate reports across their entire contract portfolio, significantly reducing their workload and increasing efficiency.”

    “The legal profession is in the early stages of an AI-driven transformation,” adds Min-Kyu Jung. “We’re building Ivo to ensure this change enhances rather than diminishes the crucial role of legal judgment. Our vision is to give every legal team the power to handle enterprise-scale contract volumes while maintaining the highest standards of accuracy and control.”

    Ends 

    Media images can be found here.

    About Ivo
    Ivo is on a mission to reduce the time, effort and cost spent on contracts. Ivo was founded out of a belief that contracts are foundational to commerce. The founders saw first-hand how contract review was slowing down mission-critical projects, and decided to do something about it.

    Founded in New Zealand and now headquartered in San Francisco, Ivo powers the world’s most comprehensive and accurate AI Contract Review platform, designed to help legal and business teams accelerate time-to-close and unblock contracts from key business processes.

    By using AI to reduce the time, effort, and cost of negotiating contracts, Ivo makes it easier for businesses to work together. For more information please visit https://www.ivo.ai/ or follow via LinkedIn 

    About Costanoa Ventures
    Founded in 2012, Costanoa Ventures partners with technical and product founders as early as company formation, with a focus on apps and infrastructure in data, dev and fintech. Costanoa is a long-term partner to entrepreneurs who want hands-on help in their earliest company stages on all things go-to-market and talent. For more information, please visit https://costanoa.vc/

    The MIL Network –

  • MIL-OSI: RealtyX Revolutionizes Real-World Asset Finance (RWAfi) with End-to-End Tokenization and Yield Optimization Platform

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, Feb. 05, 2025 (GLOBE NEWSWIRE) — RealtyX, an innovative Real-World Asset Finance (RWAfi) platform, is poised to transform the real estate and financial landscape by offering a comprehensive, end-to-end solution that goes beyond simple tokenization. Backed by strategic partnerships with leading RWA players and selected for the prestigious Hong Kong Cyberport Incubation Program, RealtyX is preparing for its highly anticipated Token Generation Event (TGE) in February.

    Unlocking the Full Potential of RWAfi

    Tokenization has long been heralded as the future of real estate and alternative assets, but RealtyX is taking the concept to the next level. Rather than focusing solely on asset digitization, RealtyX provides a holistic financial ecosystem that enhances liquidity, enables seamless trading, and optimizes yield for investors.

    RealtyX’s platform integrates automated passive earning mechanisms and DeFi composability, allowing users to generate consistent returns while ensuring accessibility and transparency in real-world asset investments. By streamlining complex real estate processes, RealtyX delivers a frictionless experience for both investors and asset owners, increasing overall market efficiency.

    “RealtyX was built with a singular vision: to bridge the gap between traditional real estate and decentralized finance in a way that is seamless, scalable, and rewarding for all stakeholders. Our goal is to offer more than tokenization— we are redefining the entire financial ecosystem around real-world assets,” said [Executive Name], [Title] at RealtyX.

    Strategic Partnerships with Industry Leaders

    RealtyX’s commitment to innovation is underscored by its partnerships with top-tier RWA projects and DeFi leaders. These partnerships enable RealtyX to offer superior liquidity, capital efficiency, and enhanced financial instruments for users. Some of its key industry allies include:

    • Plume Network – A blockchain optimized for real-world assets, ensuring scalable and secure transactions.
    • IX Swap – A DeFi-based exchange that enhances secondary market liquidity for tokenized assets.
    • Polytrade – A liquidity infrastructure provider supporting DeFi and real-world asset integration.
    • Defactor – A leading RWA protocol focused on providing enterprise-grade financial solutions.

    By collaborating with these major players, RealtyX ensures that its users gain access to high-quality infrastructure, cutting-edge DeFi tools, and diversified investment opportunities.

    RealtyX Joins Hong Kong’s Cyberport Incubation Program

    In recognition of its groundbreaking approach, RealtyX has been selected for the Hong Kong Cyberport Incubation Program, a highly competitive initiative known for supporting some of the most innovative Web3 and fintech startups. Cyberport alumni include Animoca Brands and Certik, both industry giants in their respective fields.

    Through this program, RealtyX will gain access to world-class mentorship, funding opportunities, and a vast network of investors and innovators. Cyberport’s backing further solidifies RealtyX’s reputation as a trailblazer in the RWAfi space and positions it for rapid global expansion.

    Utility-Backed TGE: RealtyX Prepares for Token Generation Event

    RealtyX is gearing up for its Token Generation Event (TGE) in February, introducing the RX token, a utility-backed asset designed to fuel the RealtyX ecosystem. Unlike speculative digital assets, RX serves a critical role in the platform, offering:

    • Exclusive platform access – RX token holders will unlock premium features and investment opportunities.
    • Governance participation – Token holders will have a voice in key decision-making processes.
    • Staking and rewards – RX stakers can earn passive income through yield optimization mechanisms.

    The TGE will provide early adopters with a unique opportunity to be part of the RealtyX ecosystem from its inception, with further details set to be announced soon.

    RealtyX’s Vision for the Future of RWAfi

    RealtyX is dedicated to pioneering the future of Real-World Asset Finance by building a trusted and efficient platform that seamlessly integrates blockchain technology with real estate investments. Since its inception, the platform has already achieved significant milestones, including:

    • Successful tokenization of the first real estate property (RST) in Dubai.
    • Ongoing rental income distribution to RST holders.
    • Launch of a thriving secondary market for on-chain property transactions.
    • Winning the WOW Summit Startup Competition.
    • Acceptance into the SpringX Move Accelerator program.

    With a strong foundation and unwavering commitment to bridging traditional finance with the Web3 economy, RealtyX is set to redefine how real-world assets are tokenized, managed, and monetized.

    Stay Updated

    To learn more about RealtyX and its game-changing approach to Real-World Asset Finance (RWAfi), visit www.realtyx.co.

    For the latest updates on the upcoming TGE, follow RealtyX on X (Twitter): https://x.com/RealtyX_DAO.

    About RealtyX

    RealtyX is a next-generation Real-World Asset Finance (RWAfi) platform, designed to seamlessly integrate real estate and DeFi. With a focus on tokenization, liquidity solutions, and yield optimization, RealtyX empowers investors with enhanced access to real-world assets. Recognized for its innovation and strategic industry partnerships, RealtyX continues to lead the charge in bringing tangible value to blockchain-based finance.

    For media inquiries, partnership opportunities, or further details, contact partnership@realtyx.co

    Disclaimer: This content is provided by RealtyX. 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.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6799bba8-3cfa-46c4-a57d-5877e8cdddf6

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3597b473-34fd-45d4-9eab-f5e561058632

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6215eb83-0127-48cf-a5ab-599c7359affe

    The MIL Network –

  • MIL-OSI: Manufacture the impossible: SAEKI raises $6.7M to transform large-scale manufacturing

    Source: GlobeNewswire (MIL-OSI)

    Zurich, Feb. 05, 2025 (GLOBE NEWSWIRE) — With global supply chains facing mounting pressures and costs continuing to rise, manufacturing is at a critical juncture. Industries like aerospace, automotive, and construction face long lead times and high costs for large-format components, relying heavily on fragmented supply chains and labor-intensive processes. Today, manufacturing automation business SAEKI announced a $6.7M funding round to address these challenges through its innovative approach to digital manufacturing.

    The seed round was led by Lightbird with participation from Founderful, 2100VC, Danobat, and multiple high-profile business angels.

    The SAEKI team.

    Unlike traditional manufacturers who rely on manual processes, SAEKI combines large-scale additive manufacturing with precision CNC machining in a unified production system. This hybrid approach enables the company to deliver precision-engineered components in days rather than weeks, while maintaining the highest quality standards through automated inspection processes. By incorporating automated quality assurance, the company ensures every part meets stringent industry standards, enabling faster delivery times and improved cost efficiency for large-format components.

    The 3D Robot Printer in action

    SAEKI is also announcing the launch of its breakthrough instant quoting platform, enabling customers to upload designs, configure requirements, and receive immediate pricing for precision-engineered parts. By eliminating traditional quoting bottlenecks, SAEKI has reduced the procurement cycle from days to minutes.

    “There’s an exponential and widening divide between what we can design and what we can actually build,” commented Andrea Perissinotto, co-founder and CEO of SAEKI. “While engineers can now use AI to create hundreds of optimized designs, legacy manufacturing simply can’t deliver these components cost-effectively. By automating the entire process, from quoting to final inspection, to make these advanced designs manufacturable at scale. Our mission at SAEKI is to make manufacturing faster, more efficient, and more reliable. By integrating additive manufacturing with CNC machining and quality assurance, we’re giving industries the tools they need to innovate without constraints. This isn’t just about making parts; it’s about reshaping the way industries approach production. This is a defining moment for European manufacturing as we set out to build a future with fully autonomous factories”.

    SAEKI’s origins are deeply rooted in hands-on manufacturing experience. The company’s CEO Andrea Perissinotto began his journey in his uncle’s workshop, where he witnessed firsthand how traditional production relied heavily on scarce, highly skilled craftsmen with decades of experience. “We saw an opportunity to integrate advanced manufacturing technologies to overcome these limitations and scale production efficiently,” said Andrea Perissinotto. “The existing processes demand decades of experience and are incredibly hard to scale. With AI and robotics, we’re now able to abstract and automate these skills”

    SAEKI founders: (L to R) Oliver Harley, Matthias Leschok and Andrea Perissinotto.

    SAEKI was founded by Andrea Perissinotto (CEO), Oliver Harley (CTO) and Dr. Matthias Leschok (COO), during their studies at ETH Zürich. The trio identified a unique opportunity to bring industrial-scale efficiency to large-format additive manufacturing and CNC machining, making the process faster and more cost-effective.

    SAEKI’s technology-driven approach not only reduces waste and shortens lead times, but also helps reshore critical manufacturing capabilities to Europe. Moreover, by minimizing reliance on overseas suppliers, the company aligns with broader industry trends toward sustainability and supply-chain resilience.

    The opportunity for SAEKI and the entire industry is immense. In meetings, one of the largest Swiss construction groups said the country would need another 3-4 SAEKIs to meet the potential demand for their formwork products. While a global automotive manufacturer noted that using SAEKI’s 3D-printed composite tooling shaved 2 weeks off of their production schedule. The sheer speed of delivery, 1 week vs 6 weeks from traditional suppliers, presented a significant opportunity. 

     “The company’s focus on large-format manufacturing is particularly timely, as sectors like aerospace and construction face increasing demand for complex, high-performance parts”, said Thomas Meier, Partner at Lightbird. “Global supply chains are under pressure, with rising costs and delays becoming the norm. We believe that SAEKI’s ability to deliver high-quality components quickly and reliably sets a new standard for the industry.”

    The investment will accelerate SAEKI’s development of autonomous factories that integrate quoting, 3D printing, machining, and inspection into a seamless process. “We share SAEKI’s vision of European dynamism and strengthening Switzerland’s manufacturing position,” said Alex Stöckl, Partner at Founderful. “Their interdisciplinary team has shown remarkable progress, demonstrating the potential to reshape industrial production.”

    Ends

    Media images can be found here. 

    About SAEKI
    Founded at ETH Zürich, SAEKI combines cutting-edge manufacturing technologies with deep industry expertise to deliver on-demand solutions for large-scale components. By streamlining production processes and ensuring the highest quality standards, SAEKI is reshaping the manufacturing landscape and enabling industries to innovate without limits.

    The MIL Network –

  • MIL-OSI: Rapid GenAI Application Adoption Drives New Era of Application and Infrastructure Modernization

    Source: GlobeNewswire (MIL-OSI)

    Nutanix study reveals that GenAI is changing organizations priorities, with security and privacy being a primary concern

    SAN JOSE, Calif., Feb. 05, 2025 (GLOBE NEWSWIRE) — Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, today announced the findings of its seventh annual Enterprise Cloud Index (ECI) survey and research report, which measures global enterprise progress with cloud adoption. This year’s report sheds light on Generative Artificial Intelligence (GenAI) adoption, investment priorities, and benefits along with key challenges organizations face to meet the demands of these emerging workloads.

    As GenAI application adoption and implementation move at a blazing pace, the ECI uncovered that while the majority of organizations have already implemented a GenAI strategy, implementation targets vary significantly. Organizations are eager to leverage GenAI for productivity, automation, and innovation, but they also face critical hurdles in the form of data security, compliance, and IT infrastructure modernization. Further, 90% of respondents expect their IT costs to rise due to GenAI and modern application implementation. But promisingly, 70% of organizations expect to make a return on their investment from GenAI projects over the next two to three years.

    “Many organizations have reached an inflection point with GenAI implementation and deployment,” said Lee Caswell, SVP, Product and Solutions Marketing at Nutanix. “This year’s ECI revealed key trends that we’re hearing from customers as well, including challenges with scaling GenAI workloads from development to production, new requirements GenAI creates for data governance, privacy, and visibility, and integration with existing IT infrastructure. To successfully unlock ROI with GenAI projects, organizations need to take a holistic approach to modernizing applications and infrastructure and embrace containerization.”

    Key findings from this year’s report include:

    • Application containerization is the new infrastructure standard. Nearly 90% of organizations report that at least some of their applications are now containerized, and this number is expected to grow with the rapid adoption of new application workloads like GenAI. Simply put, 94% of respondents agree that their organization benefits from adopting cloud native applications/containers. This approach to infrastructure and application development should be considered the gold standard for delivering seamless, secure access to data across hybrid and multicloud environments.
    • GenAI application adoption and implementation continue at a rapid pace. Over 80% of organizations have already implemented a GenAI strategy with only 2% of organizations admitting that they have not started planning their GenAI strategy. That said, implementation targets vary significantly. Most organizations believe GenAI solutions will help improve their organization’s levels of productivity, automation, and efficiency. Meanwhile, real-world GenAI use cases gravitate towards customer support and experience solutions today. However, organizations aspire to apply GenAI solutions to cybersecurity and data protection workloads in the near future.
    • GenAI adoption will challenge traditional norms for data security and privacy. 95% of respondents agree that GenAI is changing their organization’s priorities, with security and privacy being a primary concern. Over 90% of organizations say data privacy is a priority for their organization when implementing GenAI solutions. Clearly, organizations understand that security and privacy are critical components of GenAI success. However, a staggering 95% of respondents still believe their organization could be doing more to secure its GenAI models and applications. Security and privacy will remain a major challenge for organizations as they seek to justify the use of emerging, GenAI-based solutions and ensure that they adhere to traditional security norms, as well as new requirements for data governance, privacy, and visibility.
    • Infrastructure modernization to support GenAI at scale. Running cloud native applications at enterprise scale requires an infrastructure that can support the necessary requirements including security, data integrity and resilience. Emerging GenAI applications are no exception to this rule. Almost all respondents (98%) face challenges when it comes to scaling GenAI workloads from development to production. In fact, the #1 challenge organizations face when scaling GenAI workloads from development into production is integration with existing IT infrastructure. As a result, IT Infrastructure was chosen as the #1 area of investment needed to support GenAI.
    • GenAI solution adoption requires changes to technology and people. 52% of respondents say their organization needs to invest in IT training to support GenAI. Similarly, 48% of respondents believe their organization needs to hire new IT talent to support GenAI. There is no denying organizations face acute skills shortages and competition for GenAI-related talent. The good news? Many teams will embrace the challenge to adopt AI-related competencies and skills organically, as part of normal work. This year’s survey shows that 53% of respondents believe advancements in GenAI will provide them with an opportunity to become an AI expert.

    For the seventh consecutive year, Nutanix commissioned a global research study to learn about the state of global enterprise cloud deployments, application containerization trends, and GenAI application adoption. In the Fall of 2024, U.K. researcher Vanson Bourne surveyed 1,500 IT and DevOps/Platform Engineering decision-makers around the world. The respondent base spanned multiple industries, business sizes, and geographies, including North and South America; Europe, the Middle East and Africa (EMEA); and Asia-Pacific-Japan (APJ) region.

    To learn more about the report and findings, please download the full seventh Nutanix Enterprise Cloud Index, here.

    About Nutanix
    Nutanix is a global leader in cloud software, offering organizations a single platform for running applications and managing data, anywhere. With Nutanix, companies can reduce complexity and simplify operations, freeing them to focus on their business outcomes. Building on its legacy as the pioneer of hyperconverged infrastructure, Nutanix is trusted by companies worldwide to power hybrid multicloud environments consistently, simply, and cost-effectively. Learn more at www.nutanix.com or follow us on social media @nutanix.

    © 2025 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo, and all Nutanix product and service names mentioned herein are registered trademarks or unregistered trademarks of Nutanix, Inc. (“Nutanix”) in the United States and other countries. Other brand names or marks mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s). This press release is for informational purposes only and nothing herein constitutes a warranty or other binding commitment by Nutanix. This release contains express and implied forward-looking statements, which are not historical facts and are instead based on Nutanix’s current expectations, estimates and beliefs. The accuracy of such statements involves risks and uncertainties and depends upon future events, including those that may be beyond Nutanix’s control, and actual results may differ materially and adversely from those anticipated or implied by such statements. Any forward-looking statements included herein speak only as of the date hereof and, except as required by law, Nutanix assumes no obligation to update or otherwise revise any of such forward-looking statements to reflect subsequent events or circumstances.

    The MIL Network –

  • MIL-OSI: Zero Hash expands stablecoin offerings with addition of Ripple USD (RLUSD)

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 05, 2025 (GLOBE NEWSWIRE) — Zero Hash, the leading crypto and stablecoin infrastructure platform, today announced it has expanded its stablecoin support by integrating Ripple USD (RLUSD), a new regulated stablecoin issued by Ripple. This integration allows Zero Hash customers to access RLUSD on both the XRP Ledger and Ethereum networks.

    Zero Hash’s API and SDK infrastructure now supports over 65 digital assets, including 5 stablecoins, across multiple chains, reinforcing its position as the comprehensive solution for platforms seeking to design and build new ways to store, exchange and move value globally. RLUSD is now part of Zero Hash’s stablecoin engine, powering leading FinTechs and start ups across:

    • Payments
      • Remittances
      • Payins
      • Payouts
      • Account Funding
      • Tokenization payment rails
      • AI agent payments
    • Trading
      • Swaps
      • Onramp / offramp
      • Custody
      • Deposits and withdrawals
    • Treasury

    “The addition of RLUSD to our ecosystem demonstrates Zero Hash’s commitment to providing our customers with access to the most innovative and regulated stablecoin technologies,” said Edward Woodford, Founder and CEO at Zero Hash. “Zero Hash now offers RLUSD to all partners who can seamlessly embed through our API and SDK. Zero Hash offers the tech stack that powers use cases spanning payouts including Stripe, on-ramping including Shift4 and tokenization payment rails including Franklin Templeton.”

    RLUSD is designed to meet the growing demand for a reliable, compliant stablecoin in the digital asset space. Key features1 of RLUSD include: (i) One-to-one backing with US dollars held in reserve; (ii) issuance by a New York State-regulated trust company; (iii) Monthly reserve attestations by an independent certified public accountant; and, (iv) native issuance on both the XRP Ledger and Ethereum networks.

    1Ripple USD

    About Zero Hash

    Zero Hash is the leading crypto and stablecoin infrastructure provider that seamlessly connects fiat, crypto and stablecoins in one platform, enabling a better way to move and transfer value globally.

    Through its embeddable infrastructure, start-ups, enterprises and Fortune 500 companies build a diverse range of use cases: cross-border payments, commerce, trading, remittance, payroll, tokenization, wallets and on and off-ramps.

    Zero Hash Holdings is backed by investors, including Point72 Ventures, Bain Capital Ventures, and NYCA.

    Zero Hash LLC is a FinCen-registered Money Service Business and a regulated Money Transmitter that can operate in 51 US jurisdictions. Zero Hash LLC and Zero Hash Liquidity Services LLC are licensed to engage in virtual currency business activity by the New York State Department of Financial Services. In Canada, Zero Hash LLC is registered as a Money Service Business with FINTRAC.

    Zero Hash Australia Pty Ltd. is registered with AUSTRAC as a Digital Currency Exchange Provider, with DCE registered provider number DCE100804170-001. This registration enables Zero Hash to offer its crypto services in Australia. Zero Hash Australia Pty Ltd. is registered on the New Zealand register of financial service providers, with Financial Service Provider (FSP) number FSP1004503. A FSP in New Zealand is a registration and does not mean that Zero Hash Australia Pty Ltd. is licensed by a New Zealand regulator to provide crypto services. Zero Hash Australia Pty Ltd.’s registration on the New Zealand register of financial service providers does not mean that Zero Hash Australia is subject to active regulation or oversight by a New Zealand regulator. Zero Hash Europe B.V. is registered as a Virtual Asset Services Provider (VASP) registration by the Dutch Central Bank (Relation number: R193684). Zero Hash Europe Sp. Zoo is registered as a VASP by the Tax Administration Chamber of Poland in Katowice (Registration number RDWW – 1212).

    Connect with Zero Hash

    Website | Twitter | LinkedIn | Medium

    Zero Hash Contact
    Shaun O’keeffe
    (855) 744-7333
    media@zerohash.com

    Zero Hash Disclosures

    Zero Hash services and product offerings, including the availability of certain chains/networks for supported stabletoken and crypto assets, may not be available in all jurisdictions. Zero Hash accounts are not subject to FDIC or SIPC protections, or any such equivalent protections that may exist outside of the US. Zero Hash’s technical support and enablement of any asset is not an endorsement of such asset and is not a recommendation to buy, sell, or hold any crypto asset. The value of any cryptocurrency, including digital assets pegged to fiat currency, commodities, or any other asset, may go to zero. Zero Hash is not registered with the SEC or FINRA. Zero Hash does not provide any securities services and is not a custodian of securities, including security tokens, on behalf of customers.

    The MIL Network –

  • MIL-OSI: Progress Recognized by Gartner® in the 2025 Magic Quadrant™ for Digital Experience Platforms for Fourth Consecutive Year

    Source: GlobeNewswire (MIL-OSI)

    Company’s Recognition Based on Completeness of Vision and Ability to Execute

    BURLINGTON, Mass., Feb. 05, 2025 (GLOBE NEWSWIRE) — Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experiences and infrastructure software, today announced its recognition in the 2025 Gartner Magic Quadrant for Digital Experience Platforms¹. Progress was one of 17 vendors evaluated in this report and has been recognized for the fourth consecutive time.

    “We believe Progress’ recognition again this year in the Magic Quadrant underscores our commitment to empowering organizations with modern, scalable and user-friendly solutions for solving both AI-powered digital experience and portal scenarios,” said Loren Jarrett, EVP & GM of Digital Experience at Progress. “We continue to focus on providing our customers with the best solutions to deliver compelling digital experiences with the flexibility and security they need to thrive in today’s competitive environment.”

    View a complimentary copy of the Magic Quadrant report to learn more about Progress’ strengths here.

    Progress’ Digital Experience (DX) portfolio enables organizations to rapidly build and deliver robust AI-powered digital experiences across websites, portals and applications. Designed to drive customer acquisition and retention, it provides innovative solutions that balance scalability with intuitive experiences for both practitioners and end users. By empowering teams to efficiently manage digital marketing and secure portal experiences, Progress is a preferred choice for mid-size organizations who are looking for a user-friendly alternative to larger, more complex platforms. A key component of this portfolio is Progress® Sitefinity® platform, which equips marketers with intuitive tools to create personalized digital experiences while making it easy for technical teams to build and manage these experiences.

    Advancing Through Innovation
    Progress has delivered significant innovations in the platform that enhance AI capabilities, strengthen security and streamline infrastructure management. Recent advancements include:

    • Native Support for Next.js: Introducing support for Next.js, a leading React framework, enabling organizations to build modern, high-performance digital experiences that cater to developers’ needs.
    • Generative AI-Powered Workflows: Sitefinity’s Integration Hub and Azure OpenAI services now enable organizations to integrate generative AI directly into content editor UIs, allowing marketers to optimize content creation with AI-powered tools.
    • Advanced AI-Driven Journey Mapping: Enhancements such as AI-powered conversion propensity scoring, content classification and improved customer data modeling deliver higher ROI and greater productivity for marketing teams.
    • Certified CDP Excellence: Sitefinity Insight has been recognized by the Customer Data Platform Institute as one of the strongest customer data platforms (CDPs) for content management and web applications, cementing its leadership in customer data management.

    Gartner Disclaimer
    Gartner does not endorse any vendor, product or service depicted in our research publications and does not advise technology users to select only those vendors with the highest ratings or designation. Gartner research publications consist of the opinions of Gartner research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and /or its affiliates and are used herein with permission. All rights reserved.

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

    Progress, Sitefinity and Sitefinity Insight are trademarks or registered trademarks of Progress Software Corporation and/or one of its subsidiaries or affiliates in the U.S. and other countries. Any other trademarks contained herein are the property of their respective owners. 

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

    ¹ Gartner, Magic Quadrant for Digital Experience Platforms, John Field, Irina Guseva, Varsha Mehta, Mike Lowndes, 28 January 2025

    The MIL Network –

  • MIL-OSI: Axyom.Core and Cirrus Core Networks Partner on Technologies and Services for Mobile Virtual Network Operators

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., Feb. 05, 2025 (GLOBE NEWSWIRE) — Axyom.Core, a leader in cloud-native wireless core and radio access network (RAN) solutions, today announced a reseller agreement with Cirrus Core Networks (CCN), a U.S.-based specialized system integrator. Through this partnership, CCN will offer Axyom.Core’s innovative technology, enabling Mobile Virtual Network Operators (MVNOs) to deliver differentiated subscriber and Internet of Things (IoT) packages, along with enhanced service offerings.

    The MVNO market is expected to grow rapidly in the future, primarily due to factors such as increased mobile broadband speeds and the need for value-added services, according to Polaris Market Research. The collaboration combines Axyom.Core’s market-leading packet core products and Cirrus Core Networks’ networking capabilities, as well as its comprehensive suite of professional and managed services.

    “This collaboration represents a pivotal step for Axyom.Core in our commitment to supporting customers of all sizes, from large communications service providers to emerging MVNOs,” said Jim Collier, vice president of global sales and marketing, Axyom.Core. “By working with Cirrus Core Networks, we are expanding our reach, ensuring that our industry-leading packet core products are accessible worldwide. Together, we are empowering network operators to meet evolving customer demands and build the next generation of wireless services.”

    Axyom.Core’s cloud-native, high-performance solutions deliver the flexibility and scalability that support seamless connectivity for operators navigating the complexities of 5G transformation.

    “This partnership combines Axyom.Core’s well-regarded technology with CCN’s proven expertise in managed services and deployment solutions, enabling MVNOs to evolve into thick MVNOs seamlessly,” said Adam Crane, CEO of Cirrus Core Networks. “Whether it’s established operators or new eSIM entrants with limited networking experience, CCN provides the infrastructure expertise needed to accelerate their success. By taking on the complexity of networking, we empower our MVNO partners to focus on what matters most – their subscribers – while delivering differentiated and innovative service packages that redefine the mobile experience.”

    Go here to schedule a meeting with Axyom.Core at Mobile World Congress, taking place March 3–6 in Barcelona, Spain. Visit Hall 2, Stand 2G11 to learn more about how Axyom.Core and Cirrus Core Networks are empowering MVNOs with innovative solutions.

    About Axyom.Core
    Axyom.Core is a global leader in cloud-native wireless core and radio access network solutions, trusted by major communications service providers worldwide, including six of the top ten. Its product portfolio includes high-performance 4G and 5G converged core, Femto core, security gateway, and enterprise RAN units. Axyom.Core is dedicated to delivering innovative solutions that meet the evolving needs of the telecommunications industry. For more information, visit www.axyomcore.ai.

    About Cirrus Core Networks (CCN)
    Headquartered in Boca Raton, Florida, with operations in the U.S., U.K. and India, Cirrus Core Networks (CCN) provides Communication Service Providers (CSPs), enterprises and industrial companies an end-to-end Core solution using a flexible business model – from a completely managed Network as a Service (NaaS) to a Build Operate Transfer solution. The company offers an impressive portfolio that includes 4G/5G EPC, HSS/HLR, DRA, IMS/VoLTE/VoWiFi, and a multitude of value-added services that powers MVNOs, Private LTE, Carrier Breakout & Optimization Hub (CBO), and many more use cases.

    At CCN, we apply our team’s extensive vendor and operator experience in collaborative ways to drive the development, deployment, operation and evolution of our solutions. Learn more about CCN’s creative solutions at www.cirruscorenetworks.com.

    The MIL Network –

  • MIL-OSI: Fluent, Inc. Survey Finds That Shoppers Embrace Post-Purchase Ads, Citing Personalization & Relevance as Key Benefits

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 05, 2025 (GLOBE NEWSWIRE) — Fluent, Inc. (NASDAQ: FLNT), a leading commerce media solutions company, today released the results of a new survey revealing how post-purchase ads enhance the shopping experience, drive product discovery, and encourage repeat purchases.

    Post-purchase ads, which appear on ecommerce confirmation pages, are designed to keep shoppers engaged with personalized offers after the checkout. With responses from over 1,000 US adults, the survey explores how these ads influence consumer behavior, build loyalty, and create value for both shoppers and retailers.

    Key survey findings include:

    Enhancing the Customer Journey

    • 57% of shoppers who converted on a post-purchase offer discovered a new product or service they love.
    • 63% of those who encounter post-purchase ads after every online purchase say these ads enhance their shopping experience.

    Delivering Added Value

    • 54% of shoppers say post-purchase ads improve the shopping experience by offering useful discounts and promotions, and 62% say deals and discounts motivate them to click.

    Driving Retention & Loyalty

    • 88% of those who say post-purchase ads improve the shopping experience by offering personalized suggestions are more likely to return.

    “Retailers tell us that post-purchase ads don’t disrupt the shopping journey—they enhance it,” said Jessica Batty, SVP of Marketing at Fluent. “Consumers are looking for relevant, personalized offers, and this survey confirms that post-purchase ads drive not only product discovery but also repeat purchases and long-term loyalty. Our marketing expertise and consumer-centric approach help us work with our partners to design relevant and meaningful ads powered by Fluent’s identity graph and advanced AI-driven algorithms. Supported by 14 years of first-party data, these algorithms determine the optimal content and timing for each customer throughout the shopping journey, enhancing value for our media partners, advertisers, and consumers alike.”

    As a key component of the broader commerce media ecosystem, post-purchase advertising provides retailers with an incremental revenue stream that integrates seamlessly into the customer journey. Beyond boosting retailer monetization, these ads create high-impact ad opportunities for advertisers and deliver relevant offers to consumers while they’re in a buying mindset.

    Fluent fielded the online survey in December of 2024 among 1,003 US consumers aged 18-65 who made an online purchase in the past 30 days and recalled seeing at least one post-purchase ad. The full survey report is available for download here.

    About Fluent, Inc.

    Fluent, Inc. (NASDAQ: FLNT) is a commerce media solutions provider connecting top-tier brands with highly engaged consumers. Leveraging diverse ad inventory, robust first-party data, and proprietary machine learning, Fluent unlocks additional revenue streams for partners and empowers advertisers to acquire their most valuable customers at scale. Founded in 2010, Fluent uses its deep expertise in performance marketing to drive monetization and increase engagement at key touchpoints across the customer journey. For more insights visit https://www.fluentco.com/.

    Contact Information

    Investor Relations
    Fluent, Inc.
    InvestorRelations@fluentco.com

    The MIL Network –

  • MIL-OSI: Phunware Mobile Hospitality Solution Deployed at JW Marriott Phoenix Desert Ridge Resort & Spa

    Source: GlobeNewswire (MIL-OSI)

    Phunware Technology for Location-Based Services and Enhanced Connectivity Providing Guests Seamless, Property-Wide Navigation

    Integrated Solutions for Data-Driven Insights and Location Based Services to Boost Efficiency, Revenue, and Guest Satisfaction

    AUSTIN, Texas, Feb. 05, 2025 (GLOBE NEWSWIRE) — Phunware, Inc. (“Phunware” or the “Company”) (NASDAQ: PHUN), a leader in enterprise cloud solutions for mobile applications, announced today that JW Marriott Phoenix Desert Ridge Resort & Spa is deploying its enhanced Smart Hospitality Solution. The app will provide JW Marriott Desert Ridge guests using iOS and Android operating systems with real time navigation capabilities across 950 guest rooms and meeting space as well as the amenities including: AquaRidge WaterPark, Revive Spa, multiple restaurants, golf club and other features at this Marriott resort property.

    JW Marriott Desert Ridge chose Phunware to develop the resort property app based on experience and capabilities developing mobile solutions that enhance guest experiences across complex facilities.

    “Working with Phunware enables us to provide guests the tools to navigate and discover everything the property has to offer,” said Christa Wood, Director of Marketing at JW Marriott Phoenix Desert Ridge Resort & Spa. “Our new mobile app showcases amenities and seasonal activities throughout the year, ensuring guest enjoyment and engagement with our resort.”

    Phunware’s enhanced Smart Hospitality Solution perfectly aligns with Marriott’s requirements for mobile-first guest experiences by enabling resort guests to access features such as:

    • On-Property Navigation
      Navigate seamlessly throughout the resort with step-by-step directions. Guests can easily locate rooms, event venues, dining options, pools, and other amenities. This feature enhances the guest experience by eliminating the stress of finding their way around large properties.
    • Dining Reservations
      Explore and reserve exceptional dining options at the JW Marriott Desert Ridge, from the inventive Southwestern flavors of Tía Carmen to the Asian-inspired creations at Kembara, or the refined atmosphere of Meritage, an Urban Tavern by the golf course.
    • Cabana and Experience Bookings
      Conveniently book poolside cabanas to relax by the water and participate in resort-hosted events and activities, such as family-friendly experiences, fitness classes, or entertainment nights.
    • Spa and Golf Reservations
      Effortlessly schedule spa treatments, including massages, facials, body treatments, and salon services, through the app. Guests can also reserve tee times at the resort golf course, making it simple to plan a relaxing or active day.

    “Technology has become a cornerstone of modern hospitality and forward-looking companies are providing the seamless, personalized mobile-first experiences that guests expect,” said Stephen Chen, CEO of Phunware. “JW Marriott Desert Ridge Resort & Spa is a perfect example of how personalized, easy-to-use digital interfaces will help luxury hotels, resorts and other large complex facilities exceed guest and other user expectations. For example, mobile hospitality solutions allow guests to check in, unlock their rooms, order room service and book activities — all from their smartphones.”

    Click here to learn more about how Phunware’s mobile experience platform unifies the guest experience in hospitality.

    About JW Marriott Phoenix Desert Ridge Resort & Spa

    Set on 316 acres of sweeping Sonoran Desert, JW Marriott Phoenix Desert Ridge Resort & Spa features 950 rooms with dramatic desert and mountain views among lush grounds and gardens. The elements of fire, water, earth, and sky are woven into the resort experience, amenities, and decor. Arizona’s largest luxury resort offers Marriott’s first Revive Spa, a fitness center and movement studio, seven dining outlets, 240,000 square feet of indoor and outdoor meeting space, and the exclusive Griffin Club. The AAA Four Diamond resort also boasts four acres of elaborately landscaped waterways, including five pools, a 1,600-foot Lazy River and three unique multi-story waterslides that opened in summer 2023. A destination for the active, the expansive resort offers ample opportunity to explore the outdoors and delight in 330+ days of sunshine a year, with on-site amenities such as 17 pickleball courts, three tennis courts, 36 holes of championship golf at Wildfire Golf Club, and bike rentals, along with convenient access to nearby hiking and fitness trails.

    About Phunware

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

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

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

    Safe Harbor / Forward-Looking Statements

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

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

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

    Investor Relations Contact:

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

    Phunware Media Contact:

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

    The MIL Network –

  • MIL-OSI: Sigyn Therapeutics to Present at Tomorrow’s Small Cap Growth Virtual Investor Conference

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Feb. 05, 2025 (GLOBE NEWSWIRE) — Sigyn Therapeutics, Inc. (“Sigyn” or the “Company”) (OTCQB: SIGY), a developer of next-generation blood purification technologies to treat cancer and life-threatening infectious disease disorders, today announced that Jim Joyce, the Company’s CEO will present live at tomorrow’s Small Cap Growth Virtual Investor Conference hosted by VirtualInvestorConferences.com.

    DATE: February 6th
    TIME: 3:30pm ET
    LINK: https://bit.ly/4gw3m8d
    Available for 1×1 meetings: February 6th, 7th, 10th and 11th

    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.

    About Sigyn Therapeutics™

    Sigyn Therapeutics is developing next-generation blood purification therapies to address cancer and life-threatening infectious disease disorders that are not treatable with drugs. The Company’s lead product candidate, Sigyn TherapyTM has been demonstrated to reduce the presence of viral pathogens, bacterial toxins, and pro-inflammatory cytokines from human blood plasma. Based on these capabilities, Sigyn TherapyTM is a candidate to treat life-threatening viral pathogens, antibiotic-resistant bacterial infections, endotoxemia, and sepsis, which is the leading cause of death in U.S. hospitals. The clinical protocol of first-in-human studies incorporates Sigyn Therapy in series with regularly schedule dialysis treatments to address endotoxemia and concurrent inflammation which shorten the lives of end-stage renal disease (ESRD) patients. Extending the lives of individuals with ESRD could significantly impact dialysis industry revenues.

    The Company’s oncology pipeline is comprised of ImmunePrepTM, a platform to enhance the delivery of immunotherapeutic antibodies; ChemoPrepTM to improve the delivery of chemotherapeutic agents; and ChemoPureTM to reduce chemotherapy toxicity. If successfully advanced, the Company’s therapies offer to provide strategic value to the dialysis and biopharmaceutical industry.

    To learn more about Sigyn Therapeutics, visit: www.SigynTherapeutics.com

    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.

    CONTACTS:

    Sigyn Therapeutics, Inc.

    Johan Louw
    Senior Vice President of Strategic Programs
    281.660.1815
    jlouw@SigynTherapeutics.com

    Jim Joyce
    Chairman, CEO
    Email: jj@SigynTherapeutics.com

    Virtual Investor Conferences

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

    Cautionary Note Regarding Forward-Looking Statements

    This information in this press release contains forward-looking statements of Sigyn Therapeutics, Inc. (“Sigyn”) that involve substantial risks and uncertainties. All statements contained in this summary are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks and uncertainties. Statements containing words such as “may,” “believe,” “anticipate,” “expect,” “intend,” “plan,” “project,” “will,” “projections,” “estimate,” “potentially” or similar expressions constitute forward-looking statements. Such forward-looking statements are subject to significant risks and uncertainties and actual results may differ materially from the results anticipated in the forward-looking statements. These forward-looking statements are based upon Sigyn’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Factors that may contribute to such differences may include, without limitation, the Company’s ability to clinically advance Sigyn Therapy in human studies required for market clearance, the Company’s ability to manufacture Sigyn Therapy, the Company’s ability to raise capital resources, and other potential risks. The foregoing list of risks and uncertainties is illustrative but is not exhaustive. Additional factors that could cause results to differ materially from those anticipated in forward-looking statements can be found under the caption “Risk Factors” in the Company’s Annual Report on Form 10-K, and in the Company’s other filings with the Securities and Exchange Commission, including its quarterly Reports on Form 10-Q. All forward-looking statements contained in this report speak only as of the date on which they were made. Except as may be required by law, the Company does not intend, nor does it undertake any duty, to update this information to reflect future events or circumstances.

    The MIL Network –

  • MIL-OSI: Cyabra Launches AI-Powered ‘Insights’ Feature, Safeguarding Brands and Governments Against AI-Driven Digital Disinformation

    Source: GlobeNewswire (MIL-OSI)

    • False news stories are 70% more likely to be shared than true stories across digital platforms, and experts predict disinformation will become the top challenge for public and private sectors worldwide in 2025.
    • Cyabra’s Insights feature equips organizations to quickly and confidently detect and comprehend digital threats.

    New York, NY, Feb. 05, 2025 (GLOBE NEWSWIRE) —  Cyabra Ltd. (“Cyabra”), a leading AI platform for real-time disinformation detection, introduces Insights, a powerful new AI-feature designed to transform complex social media disinformation data into clear, actionable answers in seconds.

    False narratives, fake accounts, and AI-generated content are spreading faster than ever, costing businesses and governments billions annually and eroding public trust and reputations. With AI-generated disinformation spreading six times faster than the truth—especially during high-stakes events like elections and holiday seasons—the need for rapid-response tools has never been more critical.

    Insights takes the complexity out of disinformation detection by breaking down Cyabra’s robust data findings into intuitive visuals and an automated Q&A format. In response to users’ most common requests and questions, Insights empowers brands and governments to quickly uncover harmful narratives, identify fake accounts (bots), and understand how false content spreads—saving time, resources, and reputations during critical moments.

    “Every second matters when identifying and countering disinformation,” said Dan Brahmy, CEO and co-founder of Cyabra. “Insights turns vast amounts of data into clear, actionable knowledge, empowering our clients to uncover the real story behind the data and respond before the damage is done. It’s like having an expert analyst at your fingertips.”

    Key Features of Insights:

    1. Automated Disinformation Analysis: Identifies bots, fake profiles, and harmful narratives without manual input.
    2. Clear, Actionable Visuals: Unveils trends, patterns, and key metrics with heatmaps and charts that anyone can understand.
    3. User-Friendly Q&A Format: Answers critical questions about disinformation scans in seconds, helping users decide their next steps with confidence.

    “Clients often ask, ‘What’s next?’ when confronting disinformation,” said Yossef Daar, CPO and co-founder of Cyabra. “Insights takes the guesswork out of analysis, giving users a straightforward, visual way to see where false narratives are spreading, who’s behind them, and what’s driving engagement. This enables them to respond to digital threats faster and more effectively.”

    During beta testing, Insights enabled:

    • A Fortune 500 company to neutralize reputational damage in minutes after detecting a disinformation spike about its CEO.
    • A government agency to uncover and disrupt hashtags fueling disinformation campaigns, enabling quicker interventions.

    Insights is now available on Cyabra’s platform.

    Cyabra has entered into a business combination agreement (the “Business Combination Agreement”) with Trailblazer Merger Corporation I (NASDAQ: TBMC) (“Trailblazer”), a blank-check special-purpose acquisition company.

    About Cyabra
    Cyabra Strategy Ltd. (“Cyabra”) is a real-time AI-powered platform that uncovers and analyzes online disinformation and misinformation by uncovering fake profiles, harmful narratives, and GenAI content across social media and digital news channels. Cyabra’s AI protects corporations and governments against brand reputation risks, election manipulation, foreign interference, and other online threats. Cyabra’s platform leverages proprietary algorithms and NLP solutions, gathering and analyzing publicly available data to provide clear, actionable insights and real-time alerts that inform critical decision-making. Cyabra uncovers the good, bad, and fake online.

    For more information, visit www.cyabra.com.

    Media Contact:
    Jill Burkes
    Jill@cyabra.com
    Signal Contact: Jillabra.24

    Investor Relations Contact:
    Miri Segal
    MS-IR
    msegal@ms-ir.com

    About Trailblazer
    Trailblazer Merger Corporation I (Nasdaq: TBMC) is a blank check company formed and entered into a merger, shared exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. For more information, visit: www.trailblazermergercorp.com

    Forward-Looking Statements
    This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to certain products that will be the subject of a proposed transaction between Trailblazer Merger Corporation I (“Trailblazer”) and Cyabra Strategy Ltd. (“Cyabra”). All statements other than statements of historical facts contained in this press release, including statements regarding Cyabra’s business strategy, products, research and development costs, plans and objectives of management for future operations, and future results of current and anticipated product offerings, are forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to, the following risks relating to the proposed transaction: the ability to complete the Business Combination or, if Trailblazer does not consummate such Business Combination, any other initial business combination; expectations regarding Cyabra’s strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and Cyabra’s ability to invest in growth initiatives and pursue acquisition opportunities; the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement; the outcome of any legal proceedings that may be instituted against Trailblazer or Cyabra following announcement of the Business Combination Agreement and the transactions contemplated therein; the inability to complete the proposed Business Combination due to, among other things, the failure to obtain Trailblazer stockholder approval; the risk that the announcement and consummation of the proposed Business Combination disrupts Cyabra’s current operations and future plans;  the ability to recognize the anticipated benefits of the proposed Business Combination; unexpected costs related to the proposed Business Combination; the amount of any redemptions by existing holders of Trailblazer’s common stock being greater than expected; limited liquidity and trading of Trailblazer’s securities; geopolitical risk and changes in applicable laws or regulations; the size of the addressable markets for Cyabra’s products and services; the possibility that Trailblazer and/or Cyabra may be adversely affected by other economic, business, and/or competitive factors; the ability to obtain and/or maintain the listing of Combined Company’s Common Stock on Nasdaq following the Business Combination; operational risk; and the risks that the consummation of the proposed Business Combination is substantially delayed or does not occur.

    Important Information for Investors and Stockholders
    Trailblazer will file a registration statement on Form S-4 with the SEC, which will include a proxy statement for Trailblazer’s stockholders and a prospectus related to the securities of the combined company. After the registration statement is declared effective, the proxy statement/prospectus will be sent to all Trailblazer stockholders.

    INVESTORS AND STOCKHOLDERS OF TRAILBLAZER ARE URGED TO READ THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS, AND OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION AND THE PARTIES INVOLVED.

    Once filed, free copies of these documents can be obtained from the SEC’s website at  www.sec.gov. Additional information about Trailblazer can be found on its website at  www.trailblazermergercorp.com or by contacting info@trailblazermergercorp.com.

    Participants in the Solicitation
    Cyabra, Trailblazer, and their respective directors and executive officers may be deemed participants in the solicitation of proxies from Trailblazer stockholders regarding the transaction. Information about Trailblazer’s directors and executive officers and their ownership of Trailblazer’s securities is set forth in Trailblazer’s most recent Annual Report on Form 10-K filed with the SEC, as modified or supplemented by any Form 3 or Form 4 filed with the SEC since the date of such filing. Other information regarding the interests of the participants in the proxy solicitation will be included in the proxy statement/prospectus pertaining to the proposed Transactions when it becomes available.

    No Offer or Solicitation
    This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, or a solicitation of any vote or approval. No sale of securities shall occur in any jurisdiction in which such offer, solicitation, or sale would be unlawful before registration or qualification under applicable laws.

    The MIL Network –

  • MIL-OSI: American Rebel CEO Andy Ross to Appear on ABC-TV Tampa Weekday Morning Show Morning Blend

    Source: GlobeNewswire (MIL-OSI)

    Appearance Scheduled to Air on Friday, February 7 Broadcast Between 10 – 11 am Eastern

    Nashville, TN, Feb. 05, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel (americanrebel.com), is excited to announce that its CEO Andy Ross will appear on the Friday, February 7 broadcast of Morning Blend (abcactionnews.com/morning-blend) on ABC Action News Tampa. Andy’s segment will appear between 10- 11 am Eastern Standard Time. Andy will promote the SCAG Power Equipment PRO Superstar Shootout (prosuperstarshootout.com) and his Saturday concert appearance on the American Rebel Beer stage near the starting line at the conclusion of racing, discuss the company’s sponsorship of Tony Stewart Racing’s Funny Car driven by Matt Hagan and the ongoing launch of American Rebel Beer.

    “The PRO Superstar Shootout is the Pro Bowl of the NHRA drag racing season,” said Andy Ross. “Last year’s debut event was a massive success and American Rebel and I are honored to participate. The PRO Superstar Shootout is a chance for the race teams to have some friendly competition and a dress rehearsal for the NHRA season. There’s nothing better than a weekend at the track, except a weekend at the track with an after party. I can’t wait to play my brand of country patriotic rock ‘n’ roll for these great fans.”

    “Coming to Florida to support the PRO Superstar Shootout and the Matt Hagan Dodge//SRT Hellcat American Rebel Light Funny Car is very important for American Rebel,” continued Andy Ross. “We recently had a launch party for American Rebel Beer in Nashville at Kid Rock’s bar on Broadway and Tony, Matt and some of the other Tony Stewart Racing Team folks came into town to support us…it meant the world to me and our company. It’s more than business, it’s family.”

    “I can’t wait to unleash the American Rebel Beer Funny Car with Andy Ross at Bradenton,” said Matt Hagan. “Andy and the American Rebel Beer Team are going full throttle as they launch a new premium domestic light beer. We’re proud to promote his brand and watch them expand into more states and bars nationwide. I’m honored to represent them and stand behind their bold American spirit.”

    “It’s always a good time when Andy plays a concert at the racetrack,” continued Matt Hagan. “He likes to rock and that suits us just fine.”

    About American Rebel Light Beer

    Produced in partnership with AlcSource, American Rebel Light Beer (americanrebelbeer.com) is a premium domestic light lager celebrated for its exceptional quality and patriotic values. It stands out as America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer.

    American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers.

    About Tony Stewart Racing (TSR) Nitro

    As tenacious as Stewart is in the cockpit of a racecar, he’s proven equally adept at providing cars and equipment for racing’s elite. The three-time NASCAR Cup Series champion can also list 31 owners’ titles to his resume, from NASCAR to USAC to the World of Outlaws Sprint Car Series. In 2023 Stewart earned his 31st owner title when Matt Hagan and the TSR Funny Car team earned the championship on November 11th. His team, Tony Stewart Racing, fields a powerhouse lineup in the NHRA Mission Foods Drag Racing Series with Tony in Top Fuel and Matt Hagan in Funny Car. After more than four decades of racing around in circles, Stewart has embarked on a straight and narrow path, albeit at more than 300 mph. For more information on TSR Nitro go to tsrnitro.com.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Light Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit www.americanrebel.com and www.americanrebelbeer.com. For investor information, visit www.americanrebel.com/investor-relations.

    American Rebel Holdings, Inc.
    info@americanrebel.com

    American Rebel Beverages, LLC
    Todd Porter, President
    tporter@americanrebelbeer.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of marketing outreach efforts, actual placement timing and availability of American Rebel Beer, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2023. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Company Contact:
    tporter@americanrebelbeer.com
    info@americanrebel.com

    Attachment

    The MIL Network –

  • MIL-OSI: Alice Group USA Announces Acquisition Strategy and Transformation of TFLM

    Source: GlobeNewswire (MIL-OSI)

    WEST HOLLYWOOD, Calif., Feb. 05, 2025 (GLOBE NEWSWIRE) — Alice Group USA, LLC announces the acquisition of the controlling shareholder block of Tofla Megaline Inc. (OTCQB: TFLM) as the first major step in the capitalization of its ambitious strategy to transform TFLM into a real estate, financial services, and tech group aimed at improving inclusion, asset ownership, and access to technology for entrepreneurs, startups, and business owners in the United States. TFLM’s development strategy will include providing co-working spaces, financial services, and IT support, including AI-driven office solutions.

    In the coming weeks, Alice Group USA intends to bring on a world-class management team with deep expertise in AI, technology development, and real estate. This new leadership team, is expected to have a robust background in artificial intelligence, machine learning, and innovative financial technologies, with the goal of providing a significant core advantage to Alice in executing its transformative business plan.

    The integration of AI-driven solutions across the real estate and financial platforms with the goal of enabling TFLM to streamline operations, enhance data-driven decision-making, and drive unparalleled value for entrepreneurs, startups, and underserved communities. The team’s technological expertise will be utilized in driving TFLM’s growth, improving efficiency, and expanding market opportunities within the emerging AI and real estate sectors. This strong technological foundation positions TFLM to be a leader in the next generation of AI-powered financial services and real estate management.

    As the first stage of its strategic development, TFLM is seeking to acquire equity interests in Nexus Workspaces, a leading coworking brand in Florida and Georgia. The assets to be acquired, in a series of transactions subject to entering definitive agreements and various closing convictions, include:

    • Nexus’s proprietary technology, designed to streamline commercial property management, enhance operational efficiency, and automate workspace and support solutions for use within the Nexus workspaces. This acquisition will enable TFLM to develop additional suites of services for growing entrepreneurs, start-ups, and minority businesses, including the provision of financial products and venture capital.
    • The acquisition of Boundary Midtown Atlanta, a Class A office portfolio strategically located in Midtown Atlanta. The $75 million asset features a 75%+ occupancy rate and is expected to generate consistent income while allowing TFLM to repurpose select vacancies for Nexus-branded operations.
    • The acquisition of five additional commercial office properties under the Nexus Workspaces brand, covering 251,622 square feet across Florida and Atlanta. With 90% occupancy and over 800 tenants, this portfolio offers a prime opportunity for revenue growth through AI-enhanced commercial real estate management.

    Upon completion of these acquisitions, TFLM will have acquired a diverse set of high-value real estate assets. TFLM has identified additional real estate assets and has begun negotiations to acquire and add to its real estate portfolio, with a focus on Florida and other targeted markets. It is the intent of these strategic acquisitions to further enhance TFLM’s long-term growth and operational capabilities, expanding its market presence and fostering sustained revenue generation.

    TFLM is seeking to become the U.S. operating company for a group of businesses aimed at democratizing capital access and enhancing financial efficiency, especially for minority-owned businesses, real estate owners, and start-up companies. We are in advanced discussions with businesses in the U.S. involved in neo-banking, provision of AI-enhanced services, and investment risk assessment to complete a powerful and compelling suite of products that will harness the power of American entrepreneurialism while providing investors with the security derived from a grounding in the long-term growth and stable cash flow of prime real estate holdings.

    Alice Group USA believes that the suite of products being developed and acquired by TFLM will have international application, and has hired Brigg Macadam Capital, an international corporate finance firm with a track record of providing access to capital for companies’ global business objectives. Tim Murray, CEO of Brigg Macadam Capital, commented:

    “We are incredibly excited to work with Alice Group USA and TFLM. By merging AI-driven financial services with strategic real estate acquisitions, Alice’s management team is seeking to build a next-generation ecosystem that has huge relevance in international markets.”

    About Alice Group USA, LLC

    Alice Group USA is an innovative investment and technology firm specializing in AI-powered financial solutions, real estate acquisitions, and market-defining investment strategies. With a strong emphasis on capital access, wealth creation, and inclusive finance, the company is pioneering the future of AI-driven financial ecosystems.

    About TFLM (Tofla Megaline Inc.)

    TFLM is an OTCQB-listed public entity undergoing a strategic transformation which commenced with Alice Group USA’s acquiring its control position. By integrating high-value real estate, AI-driven solutions, and fintech innovations, TFLM is set to emerge as a leading diversified company.

    Cautionary Statement Regarding Forward Looking Statements 

    Forward-Looking Statements
    The discussions in this press release contain forward-looking statements reflecting our current expectations that involve risks and uncertainties. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “expect,” “plan,” “believe,” “seek,” “estimate,” and similar expressions are intended to identify forward-looking statements and relate to future periods. Forward-looking statements are statements that are not historical facts and speak only as of the date hereof. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions, or circumstances on which any such statement is based, except as required by law.

    Contact

    Alice Group USA

    info@alicegroup.ai

    The MIL Network –

  • MIL-OSI: Eric Herzog Named a CRN Channel Chief for the Third Time

    Source: GlobeNewswire (MIL-OSI)

    WALTHAM, Mass., Feb. 05, 2025 (GLOBE NEWSWIRE) — Infinidat, a leading provider of enterprise storage solutions, today announced that CRN®, a brand of The Channel Company, has named Eric Herzog, CMO at Infinidat, to the prestigious 2025 CRN® Channel Chiefs list, which recognizes the IT vendor and distribution executives who are driving strategy and setting the channel agenda for their companies. This special distinction is the third time that Herzog has been recognized as a CRN Channel Chief during his extensive career as a senior executive for enterprise storage solutions through the channel.

    “I’m honored to be named a CRN Channel Chief again and to have the opportunity to work closely with Infinidat’s partners to make a significant impact through the channel,” said Eric Herzog, CMO at Infinidat. “I love the strong commitment, relentless effort, and competitiveness of our channel partners. Being recognized on the prestigious CRN Channel Chiefs list for the third time reflects positively on our power collaboration to drive large-scale deployments of next-generation enterprise storage. It’s important to keep the proverbial ‘finger on the pulse’ of the channel, and I am happy to report that there are many, many new opportunities for partners to grow their businesses with Infinidat in 2025.”

    Herzog has four decades of experience and proven success in the enterprise storage industry, managing all aspects of marketing, product management, sales, worldwide channels, and business development in both start-ups and Global Fortune 500 companies. Herzog was also named a CRN 2022 Channel Chief and a CRN 2015 Channel Chief. Prior to joining Infinidat in October 2021, he was CMO and VP of Global Storage Channels for IBM’s Storage Division. He was the executive sponsor for IBM Storage at Sirius Computer Solutions/CDW and Mainline Information Systems, as well as the executive sponsor for IBM Storage and EMC at Arrow.

    The channel is instrumental to Infinidat’s go-to-market strategy. Infinidat has invested heavily in building up its channel partner program to a 5-star rating (as recognized by CRN), increasing partner revenue, margins, co-op/marketing development funding (MDF), and joint events. Infinidat is dedicated to help channel partners grow their business, receive the best training available, and have easy access to experienced partner account managers.

    The Channel Chiefs list, released annually by CRN, showcases the top leaders throughout the IT channel ecosystem who work tirelessly to ensure mutual success with their partners and customers. As a Channel Chief, Herzog continues to be one of the top people in the storage industry, driving profitability-building channel agendas.

    “This year’s honorees exemplify dedication, innovation, and leadership that supports solution provider success and fosters growth across the channel,” said Jennifer Follett, VP, U.S. Content, and Executive Editor, CRN, at The Channel Company. “Each of these exceptional leaders has made a lasting channel impact by championing partnerships and designing creative strategies that get results. They’ve set a high bar in the channel, and we’re thrilled to recognize their standout achievements.”

    CRN’s 2025 Channel Chiefs list will be featured in the February 2025 print issue of CRN® Magazine and online at www.CRN.com/ChannelChiefs.

    About The Channel Company
    The Channel Company (TCC) is the global leader in channel growth for the world’s top technology brands. We accelerate success across strategic channels for tech vendors, solution providers, and end users with premier media brands, integrated marketing and event services, strategic consulting, and exclusive market and audience insights. TCC is a portfolio company of investment funds managed by EagleTree Capital, a New York City-based private equity firm. For more information, visit thechannelco.com.

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

    Connect with Infinidat
    About Infinidat
    Read our blog
    Follow us on X
    Join us on LinkedIn
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    Be our partner

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

    The MIL Network –

  • MIL-OSI: TransUnion Introduces TruVision Alternative Bank Risk Score to Help Lenders Better Assess Consumers with Limited Credit Histories

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Feb. 05, 2025 (GLOBE NEWSWIRE) — Despite a strong employment picture, some consumers are still struggling financially due to elevated inflation and higher than normal interest rates. The lowest income households (those earning less than $50,000) face another challenge, with only 35% indicating they have sufficient access to credit and lending products.i In an effort to provide lenders with a clearer picture of thin- or no- file consumers, including those who may not be gaining sufficient access to credit, TransUnion (NYSE: TRU) introduced today the TruVision Alternative Bank Risk Score.

    This score includes checking and banking data applicable to the short-term lending space and can be used to enhance lenders’ existing underwriting scores. It offers a more holistic view of a consumer’s financial behavior and enhances the accuracy of credit risk decisions. The TruVision Alternative Bank Risk Score is enabled by TransUnion’s OneTru™ solution enablement platform, which now houses the company’s short-term lending data.

    This solution evaluates a consumer’s banking activities to assist in predicting their future financial behavior, particularly their likelihood of defaulting on loans or other credit obligations. The score complements the existing suite of tools that TransUnion already provides to lenders to help them in determining credit risk. It can be used with existing risk scores or as a standalone tool for underwriting.

    “The addition of the TruVision Alternative Bank Risk Score to TransUnion’s existing Alternative Lending suite of credit risk scores offers lenders a deeper look at potential borrowers who may otherwise have no, or very limited, credit history, as well as subprime borrowers,” said Liz Pagel, senior vice president of consumer lending at TransUnion. “It can aid in improving the predictive power of risk models, helping to identify potential risks that might be missed when relying on a single data source.”

    In addition to helping lenders make more informed decisions, this score can potentially offer some consumers with limited credit histories an alternate pathway to credit, by providing a more comprehensive view of their financial behavior, identifying those creditworthy consumers who may lack a traditional credit history but demonstrate responsible banking behavior.

    A recent report from the Federal Deposit Insurance Corporation (FDIC) revealed that one in six households had no mainstream credit, and this percentage was significantly higher among lower-income households, those with a lower educational ceiling, and minority households. The report also indicated that those households without mainstream credit likely did not have a credit score with credit bureaus, making it that much harder to obtain credit moving forward.

    TransUnion’s Q4 2024 Consumer Pulse found that lower-income consumer households have a much more difficult time accessing credit.

    Lower Income Households Do Not Feel They Have Sufficient Access to Credit and Lending Products.

      Low (<$50K) Medium ($50-99K) High ($100k+)
    Have Sufficient Access 35% 64% 80%
    Neither Agree nor Disagree 31% 21% 11%
    Do Not Have Sufficient Access 34% 15% 8%

    Source: TransUnion Consumer Pulse, November 2024

    “TransUnion has long provided lenders with access to a wide range of tools, resources, and data with which informed lending decisions can be made,” said Jason Laky, executive vice president and head of financial services at TransUnion. “In this increasingly complex economic environment, many consumers, lower income or otherwise, are seeking credit with limited or non-existent traditional credit histories. The use of a broad suite of alternative credit data tools offers lenders a new and important tool in assessing risk among these consumers.”

    To learn more about how TransUnion gives lenders a Tru picture of consumers – helping them better assess creditworthiness and expand access to credit, click here.

    For consumers looking to learn more about how to build their credit, click here.

    About TransUnion (NYSE: TRU)

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

    http://www.transunion.com/business

    i Q4 2024 TransUnion Consumer Pulse study

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

    The MIL Network –

  • MIL-OSI: Scality appoints Emilio Roman as global chief revenue officer

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Feb. 05, 2025 (GLOBE NEWSWIRE) — Scality, a global leader in cyber-resilient storage software for the AI era, today announced the appointment of Emilio Roman as its new global Chief Revenue Officer (CRO). Emilio brings a wealth of experience in global sales leadership, with a proven track record in the cybersecurity and data storage industries. He joins Scality from Bitdefender and Fortinet, where he held the position of Senior Vice President, Global Sales and Channels. Emilio is no stranger to Scality, having previously served as the company’s top sales leader for the EMEA and APAC regions from 2014 to 2020. His return marks an exciting new chapter for Scality as he leverages his deep expertise to accelerate revenue growth and scale operations globally.

    Building on a remarkable 2024, which saw five consecutive record quarters and major successes in Enterprise AI data lakes, cloud infrastructure, and storage dedicated to cyber resiliency, Emilio assumes leadership to accelerate Scality’s growth trajectory. His appointment follows the highly impactful tenure of Peter Brennan, who built the company’s sales and channel organization to achieve consecutive years of record growth. Peter has taken a senior sales leadership role with a leading network technology company, and will remain a member of Scality’s Advisory Board.

    “We are thrilled to welcome Emilio back to the Scality family,” said Jerome Lecat, CEO of Scality. “Emilio’s extensive cyber security experience and outstanding leadership skills make him the ideal choice to lead our global sales efforts as we continue to innovate and solve the world’s largest data challenges.”

    Scality’s growth trajectory remains strong following a banner year in 2024, with the company achieving record-breaking success across all regions, including completing its most successful quarter ever in Q4 2024 and the second year in a row achieving a cash flow positive position. With hundreds of ARTESCA deployments, including the largest at 6 PB, this success highlights the team’s focus on delivering value to customers and driving cyber resilient innovation. Designed for mid-market organizations, ARTESCA offers enterprise -grade cyber resilient object storage capabilities at a cost-friendly entry point with the power to scale to support future business needs. Under Emilio’s leadership, Scality’s regional sales and channel teams are well-positioned to sustain and build upon this momentum.

    “It’s an honor to rejoin Scality at such a pivotal time in its journey,” said Emilio Roman. “I will apply my previous Scality knowledge with new learnings gained from the critical cyber-security space to drive even greater achievements for the company. I intend to continue focusing our efforts on supporting our channel partners to succeed in selling Scality’s solutions to address customers’ toughest data storage challenges across three key areas: AI, Cloud and cyber-resilient storage.”

    Scality remains committed to delivering exceptional service to customers and partners while pioneering cutting-edge solutions that address the evolving challenges of data storage. With Emilio Roman at the helm of its global sales organization, Scality is poised to further solidify its leadership in the industry.

    About Scality
    Scality solves organizations’ biggest data storage challenges — security, performance, and cost. Designed to provide the strongest form of immutability plus end-to-end cyber resilience, Scality solutions safeguard data at five core levels for unbreakable ransomware protection. Delivering utmost resilience, Scality makes storage infrastructures limitlessly scalable in all critical dimensions. The world’s most discerning companies trust Scality so they can grow faster and execute AI data-driven ideas quicker — while increasing efficiency and avoiding lock-in. Scality S3 object storage software is reliable, secure and sustainable. Follow us on Twitter and LinkedIn. Visit www.scality.com and our blog.

    Media Contact:
    Lisa Williams
    A3 Communications
    +1 339-788-0067
    lisa.williams@a3communicationspr.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e6035e3a-7fb5-40ca-946c-deda19e47f28

    The MIL Network –

  • MIL-OSI: Xsolis Ranked No. 1 Best in KLAS for Physician Advisory Services for Fourth Year

    Source: GlobeNewswire (MIL-OSI)

    FRANKLIN, Tenn., Feb. 05, 2025 (GLOBE NEWSWIRE) — Xsolis, an AI-driven technology company that reduces administrative waste by enabling collaboration between healthcare providers and payers, announced today a No. 1 ranking for Physician Advisory (PA) Services in the 2025 Best in KLAS awards.  This is the fourth year Xsolis has achieved first place in the category, which recognizes services that help organizations with their physician and utilization review. 

    “The education and knowledge of Xsolis’ PAs are unmatched,” said Cindy Neumany, senior vice president of clinical operations for population health at Hackensack Meridian Health, a leading not-for-profit health care organization with 18 hospitals and more than 500 patient care locations in New Jersey. “Xsolis’ AI and its flexible models for clients have been invaluable to meet our unique goals.”

    Hackensack Meridian Health has been an Xsolis customer since 2021. In 2024, Xsolis’ PA Services achieved a 71% peer-to-peer success rate for Hackensack Meridian Health.

    Xsolis’ PA Services consistently receives positive feedback from clients about its flexibility – offering comprehensive external services or by supplementing hospitals’ internal models with review and peer-to-peer coverage – its high-quality reviews, responsiveness and its consultative, partnership approach. Serving clients since 2016, the Xsolis PA Services team undergoes rigorous training to support these goals. When paired with the company’s technology platform, Dragonfly, Xsolis’ PA Services also stands apart for its data insights capabilities, helping customers identify trends and areas for further improvement.

    “Receiving Best in KLAS is one of the most rewarding honors our team can receive because it is based on provider feedback,” said Heather Bassett, M.D., Xsolis chief medical officer and head of physician advisor services. “We are honored that Xsolis’ people, processes, and technology have been recognized for the collective value they bring our clients as we navigate industry challenges together.”

    According to the Hospital Financial Management Association, hospitals and health systems struggle with cost containment due to staffing shortages and rising operational costs. A lack of integration between documentation and care delivery can lead to significant rework or denials, with dire financial consequences. Physician advisors play a critical role in creating more resiliency in today’s healthcare ecosystem due to their abilities to bridge the gap between clinical practice and administrative needs for hospitals.

    “Congratulations to the 2025 winners of the Best in KLAS awards! Winning a Best in KLAS award signifies a commitment to delivering outstanding value and innovation to healthcare providers and patients alike,” said Adam Gale, KLAS CEO. “It is my hope that these awards inspire the winners and other companies to reach new heights.”

    Xsolis has been leveraging human-in-the-loop AI practices to develop AI solutions that streamline medical necessity decision-making in healthcare for over a decade, improving level of care authorizations, length-of-stay management, and payer-provider alignment. Xsolis’ collaborative AI platform is used in more than 500 hospitals nationwide, with more than two-thirds having shared access with their networked health plans.

    To learn more about Xsolis’ Physician Advisor Services, click here. To learn more about Xsolis’ AI solutions, click here.

    To explore the full 2025 Best in KLAS Physician Advisory Services category, click here.  

    About Xsolis 

    Xsolis is an AI-driven technology company that reduces administrative waste by enabling collaboration between healthcare providers and payers. Dragonfly®, its AI-driven proprietary platform, is the first and only solution to use real-time predictive analytics to continuously assign an objective medical necessity score and assess the anticipated level of care for every patient, enabling more efficiency across the healthcare system. Xsolis is headquartered in Franklin, Tennessee. For more information, visit www.xsolis.com.
     
    About KLAS 

    KLAS helps healthcare providers make informed technology decisions by offering accurate, honest, and impartial vendor performance information. KLAS monitors vendor performance through interviewing thousands of healthcare providers representing healthcare organizations throughout the US and here and there across the globe. KLAS uses a simple methodology to ensure all data and ratings are accurate, honest and impartial to help create market moving moments. Learn more at klasresearch.com.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/186e7992-0295-4262-a390-11e79c0870f6

    The MIL Network –

  • MIL-OSI: Systemic Bio Wins the SLAS 2025 Innovation Award

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Feb. 05, 2025 (GLOBE NEWSWIRE) — Systemic Bio™, a 3D Systems company (NYSE: DDD), has been named the winner of the prestigious SLAS 2025 Innovation Award. This award recognizes groundbreaking technological advancements poised to drive innovation in laboratory science and automation. The competition featured cutting-edge developments led by distinguished experts from top institutions worldwide.

    The award highlights Systemic Bio’s proprietary h-VIOS™ platform, designed to accelerate drug discovery and development using bioprinted human tissues. The Company’s presentation focused on the application of its platform to evaluate the safety of antibody-drug conjugates (ADCs). The technology enables early identification of safety concerns, capturing risks that historically have only been discovered during clinical trials, even after non-human primate studies failed to flag such issues.

    “I couldn’t be prouder of our team for winning this award,” said Taci Pereira, CEO of Systemic Bio. “This recognition is a testament to our relentless focus on demonstrating the scientific and translational value of our platform. We remain committed to expanding our capabilities and accelerating adoption to improve drug discovery and development.”

    Operating from Houston, Texas, Systemic Bio has the capability to produce thousands of tissue models under an ISO 7 clean room and a Quality Management System (QMS). These models support the Company’s ongoing collaborations with leading pharmaceutical companies to improve preclinical drug testing and reduce late-stage failures.

    The SLAS Innovation Award is presented annually at the SLAS International Conference and Exhibition, recognizing the most forward-thinking technological advancements in the field. More information on Systemic Bio’s work can be found at www.systemic.bio.

    Forward-Looking Statements
    Certain statements made in this release that are not statements of historical or current facts are forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Systemic Bio or 3D Systems, as applicable, to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by terms such as “believes,” “belief,” “expects,” “may,” “will,” “estimates,” “intends,” “anticipates” or “plans” or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions, and current expectations and may include comments as to the beliefs and expectations of Systemic Bio or 3D Systems as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the applicable company. The factors described under the headings “Forward-Looking Statements” and “Risk Factors” in 3D Systems’ periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as of the date of the statement. Neither Systemic Bio nor 3D Systems undertakes any obligation to update or revise any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise, except as required by law.

    About Systemic Bio
    Systemic Bio is a biotech company focused on accelerating drug discovery and development with human-relevant data from its proprietary platform of bioprinted vascularized organ models. Founded in 2022 as a wholly-owned company of 3D Systems, Systemic Bio leverages 3D Systems’ breakthrough, production-level bioprinting technology to create extremely precise healthy and diseased tissues using biomaterials and human cells. These proprietary organs-on-chips can be manufactured reproducibly in large quantities, and then perfused with drugs to study the effects on healthy or diseased tissue at the earliest stages of pharmaceutical drug development. These systems are multimodal and can be used to generate large datasets leveraged with machine learning to generate human-relevant therapeutic insights. More information on the company is available at www.systemic.bio.

    About 3D Systems
    More than 35 years ago, 3D Systems brought the innovation of 3D printing to the manufacturing industry. Today, as the leading additive manufacturing solutions partner, we bring innovation, performance, and reliability to every interaction – empowering our customers to create products and business models never before possible. Thanks to our unique offering of hardware, software, materials, and services, each application-specific solution is powered by the expertise of our application engineers who collaborate with customers to transform how they deliver their products and services. 3D Systems’ solutions address a variety of advanced applications in healthcare and industrial markets such as medical and dental, aerospace & defense, automotive, and durable goods. More information on the company is available at www.3dsystems.com.

    Investor Contact: investor.relations@3dsystems.com
    Media Contact: press@systemic.bio

    The MIL Network –

  • MIL-OSI: New Hope For Pets In The Fight Against Cancer: Fast, Accurate Diagnoses From Torigen Pharmaceuticals And Proscia

    Source: GlobeNewswire (MIL-OSI)

    FARMINGTON, Conn. and PHILADELPHIA, Feb. 05, 2025 (GLOBE NEWSWIRE) — Torigen Pharmaceuticals, recognized for pioneering cancer immunotherapy in veterinary medicine, is using software from Proscia®, a global leader in AI-enabled pathology solutions for precision medicine, to rapidly deliver expert diagnoses through its Specialty Pathology Service. In addition to helping more veterinarians make the best possible care decisions for pets and their families, these results can better inform the personalized vaccines Torigen develops.

    Pathologists at Torigen leverage Proscia’s Concentriq® to make precise diagnoses from data-rich images containing one of the most detailed and direct profiles of diseases like cancer. The enterprise pathology platform also enables Torigen’s team to work efficiently, ensuring results within an average of three-to-five days so that animal patients can begin treatment sooner.

    “Concentriq made our vision for Torigen Specialty Pathology a reality,” said Ashley Kalinauskas, CEO and Co-Founder of Torigen Pharmaceuticals. “We are now able to help veterinary practices of all sizes create hope for pets and their families by building the bridge between diagnostics and personalized immunotherapies, pushing the limits of animal medicine.”

    Torigen was founded to bring personalized cancer vaccines to the veterinary market. Preliminary published efficacy data demonstrates that dogs with metastatic hemangiosarcoma who received Torigen’s targeted immunotherapy or maximum tolerated dose chemotherapy had a 3.5x increase in overall survival compared to surgery alone.1 With Concentriq, Torigen is also in the beginning stages of establishing a data foundation for building AI models that further optimize immunotherapy recommendations.

    “The healthcare community should take note of Torigen,” said David West, Proscia’s CEO. “Realizing the promise of precision medicine depends on matching patients with the right treatments, and Torigen is addressing this full pathway. We are thrilled to play a part in its journey and in the lives of the pets, families, and veterinarians it serves.”

    About Torigen
    Torigen is transforming the pet cancer process with its personalized cancer vaccine and new pathology service, making pet cancer diagnostics and treatment more accessible and seamless. Torigen recognizes the instrumental role pets play in our families and is determined to extend the lives of companion animals despite a cancer diagnosis. Torigen is a spin-out from the University of Notre Dame and backed by Werth Ventures, Connecticut Innovations, Emerald Development Managers, Advantage Capital, The University of Connecticut, The University of Notre Dame, SoGal Ventures, Gaingels, and other prominent investors. For more information visit http://www.torigen.com.

    About Proscia
    Proscia is a software company accelerating pathology’s transition to a digital, data-driven discipline and enabling AI to advance precision medicine. Its Concentriq enterprise pathology platform, precision medicine AI portfolio, and real-world data fuel the development and use of novel therapies and diagnostics to drive the fight against humanity’s most challenging diseases, like cancer. 14 of the top 20 pharmaceutical companies and a global network of diagnostic laboratories rely on Proscia’s solutions each day. The company has FDA 510(k) clearance and CE-IVDR certification for its diagnostic software. For more information, visit proscia.com, and follow Proscia on LinkedIn and X.

    1 Lucroy, M.D., Clauson, R.M., Suckow, M.A. et al. Evaluation of an autologous cancer vaccine for the treatment of metastatic canine hemangiosarcoma: a preliminary study. BMC Vet Res 16, 447 (2020). https://doi.org/10.1186/s12917-020-02675-y

    Contact Information:

    For Proscia
    Sydney Fenkell
    VP, Marketing Communications
    sydney@proscia.com
    215.816.3436

    For Torigen Pharmaceuticals
    Ashley Kalinauskas
    CEO and Co-Founder
    info@torigen.com
    860.519.9956

    The MIL Network –