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Category: Machine Learning

  • MIL-OSI Global: Nigeria’s Brics partnership: economist outlines potential benefits

    Source: The Conversation – Africa – By Stephen Onyeiwu, Professor of Economics & Business, Allegheny College

    During its 16th annual summit in Kazan, Russia, Brics – a group of emerging economies determined to act as a counterweight to the west and to whittle down the influence of global institutions – invited Nigeria and eight other countries to join it as “partner” countries. Nigeria formally accepted the invitation in January 2025. That invitation has generated questions about how Nigeria stands to benefit, especially when US president Donald Trump is threatening to sanction members of the group if they replace the US dollar as reserve currency. It was established in 2006 and initially composed of Brazil, Russia, India, and China. South Africa joined in 2010 and the bloc added four new members (Egypt, Ethiopia, Iran and the United Arab Emirates) in 2023. In this interview, development economist Stephen Onyeiwu argues that Nigeria stands to gain from a Brics partnership, but would have to carefully balance its domestic interests with those of its western allies and Brics.

    What does it mean to be a Brics ‘partner’ country?

    The introduction of Brics partnership is an expansion mechanism designed to bring in more participants without giving them full membership. It is akin to “observer” status.

    Brics partners can participate in special sessions of summits and foreign ministers’ meetings, as well as other high-level events. Partners can also contribute to the organisation’s official documents and policy statements.

    But partners cannot host annual Brics summits or determine the venue. Neither can they select new members and partners.

    How beneficial is Brics partnership to Nigeria?

    The main benefit would be access to finance offered by Brics’ New Development Bank.

    The New Development Bank was established as an alternative to western-dominated international financial institutions like the World Bank and International Monetary Fund. These institutions are sometimes used by the leading western countries to keep developing countries in line on global issues.

    Some developing countries are reluctant to criticise western countries for fear of losing access to funding by western-backed international financial institutions.

    Nigeria has been running a budget deficit of about 5% of GDP since 2019, and it needs funding to pay for the deficits. The New Development Bank could be an important source of funding for investment in Nigeria’s infrastructure, manufacturing, agriculture, and so on.

    New Development Bank loans are also available in member countries’ local currencies. They don’t have to earn foreign exchange to repay the loans. This fosters exchange rate stability and promotes economic growth. The New Development Bank raises funds in member countries’ local currencies, and lends them to member countries.

    Nigeria could use its Brics partnership to garner the group’s support in matters that affect Nigeria globally. For instance, there have been requests for African countries to be included as permanent members (without veto power) of the UN security council. South Africa and Nigeria have been touted as potential candidates. Should this issue be raised at the UN, Nigeria can count on the support of its Brics allies, which includes two permanent members (China and Russia) of the security council.

    Mutual understanding and cooperation with other Brics members and partners might spill over into economic, trade and investment agreements. Friendly countries are more likely to trade with each other and invest in each other’s economy.

    How can Nigeria maximise its status as a Brics partner?

    Nigeria should use it to attract foreign direct investment in strategic sectors of the economy, such as infrastructure, manufacturing, agriculture and technology.

    Some Brics members, like China, India, and the UAE, have investors that are seeking investment outlets abroad. Nigeria could use the bloc’s annual summits to showcase investment opportunities.

    The global economy is transitioning into “frontier industries and technologies”, such as big data, artificial intelligence, solar, drones, gene editing, 3D printing, blockchains, Internet of Things (IoT), 5G, robotics and nanotechnology. China, India and Brazil are already well advanced in these technologies.

    Nigeria should use its partnership with these countries to build capabilities in frontier industries and technologies. It could get favourable terms in the transfer of these technologies.

    Nigeria seeks to diversify its economy from reliance on the export of hydrocarbons. But Nigerian producers have had a hard time accessing global markets. The country should negotiate trade deals that provide access to Brics markets, especially agricultural and agro-processed products, arts and crafts.

    But Nigeria has to promote economic growth and structural transformation at home. If the Nigerian economy falters, it is unlikely the country will be invited to become a full member of Brics.

    Would adding new members and partners reduce western dominance?

    Brics has so far not been able to significantly change the dynamics of the international political economy. Adding new members and partners, while symbolic, will not act as an effective counterweight to the influence of the G7 and G20 groups of nations.

    Most of the countries and partners in Brics are either allies of western countries or neutral on global issues. They are unlikely to support decisions or actions that are grossly inimical to western interests.

    Egypt and the UAE, for instance, receive military aid from the United States. Ethiopia and Nigeria are top recipients of foreign aid in Africa, much of it from western-backed financial institutions.

    The only outlier in the mix is Iran, whose membership was promoted by Russia. But Iran has no leverage to influence others in the bloc.

    On balance, therefore, Brics will not be a threat to western countries.

    Brics aspires to weaken the dominance of the US dollar for international transactions. Close to 90% of international trade transactions are conducted with the US dollar.

    Brics countries plan to reduce dollar dominance by encouraging member countries to settle their trade and financial transactions using their domestic currencies. For instance, South African businesses could purchase Chinese goods using the South African rand, while the Chinese could do the same for South African goods using the Chinese yuan. The more members you have in Brics swapping their currencies, the less important the US dollar will be.

    It is unlikely, however, that an increase in the number of Brics members and partners will weaken the dollar. Most will continue to have significant economic relationships with the west, including trade and foreign aid.

    They will also continue to conduct business with many non-Brics countries, which also have economic relationships with the west. They will need the US dollar to transact with many other countries.

    So increasing the number of Brics members and partners does not pose a threat to dollar dominance.

    Stephen Onyeiwu 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. Nigeria’s Brics partnership: economist outlines potential benefits – https://theconversation.com/nigerias-brics-partnership-economist-outlines-potential-benefits-248943

    MIL OSI – Global Reports –

  • MIL-OSI Global: As Trump tries to slash US foreign aid, here are 3 common myths many Americans mistakenly believe about it

    Source: The Conversation – USA – By Joannie Tremblay-Boire, Assistant Professor of Public Policy, University of Maryland

    U.S. lawmakers and employees and supporters of the U.S. Agency for International Development speak outside the agency’s headquarters on Feb. 3, 2025. Kevin Dietsch/Getty Images

    U.S. foreign aid is in disarray.

    The Trump administration froze most aid disbursements on Jan. 20. According to billionaire Elon Musk, an adviser to President Donald Trump with “special government employee status,” the U.S. Agency for International Development, widely known as USAID, had been shut down as of Feb. 3, 2025.

    Although the Trump administration lacks the legal authority to do this, hundreds of people on the agency’s staff have been put on unpaid leave or fired, according to news reports.

    And the agency’s official website wasn’t working. A partial replacement, however, had appeared within the State Department’s website.

    I’m a scholar of public policy who researches nonprofits, which in the foreign aid sphere are often called nongovernmental organizations. These groups are responsible for carrying out many programs funded by foreign aid from governments such as the United States.

    In light of the Trump administration’s attack on the government’s main foreign aid agency and the disruption of this funding, I believe it’s important to debunk three common myths:

    1. The U.S. spends too much on foreign aid.
    2. The U.S. spends more than its fair share on foreign aid compared with other countries.
    3. Corrupt governments squander U.S. foreign aid.

    What is foreign aid?

    Foreign aid consists of money, goods and services – such as training – that government agencies provide to other countries. Foreign aid falls into two broad categories: economic assistance and military – sometimes called security – aid.

    Economic assistance includes all programs with development or humanitarian objectives. That tends to include projects related to health, disaster relief, the promotion of civil society, agriculture and the like. Most U.S. economic aid dollars come from the State Department budget, including spending allocated by USAID, which has operated as an independent agency since the Kennedy administration.

    On Feb. 3, Secretary of State Marco Rubio declared that he was serving as USAID’s acting director, indicating that the agency was no longer independent of the State Department.

    While U.S. taxpayers have long spent just a few bucks each on foreign aid every year, the impact is profound, saving millions of people from hunger, averting the worst of natural disasters such as droughts and flooding, tackling life-threatening diseases such as tuberculosis and malaria, and more.

    Myth No. 1: US spends too much on foreign aid

    The United States consistently spends only about 1% of its budget on foreign aid, including military and economic support. The 2023 aid managed by USAID totaled about US$40 billion.

    Americans tend to believe that their government spends a far bigger share of its budget on foreign aid than it does.

    In a survey the Kaiser Family Foundation conducted in 2015, it found that, on average, Americans believed that foreign aid accounts for nearly one-third of the budget. Only 3% of those polled answered correctly that foreign aid constituted 1% or less of total federal spending.

    Myth No. 2: US spends more than its fair share

    According to the Organization for Economic Cooperation and Development, the United States is by far the leading national source of economic assistance dollars. In 2023, it contributed $64.7 billion in overseas development assistance, far outpacing the $37.9 billion spent by Germany, the second-biggest source of that kind of aid. Some of this assistance is managed by USAID, some by the Department of State, and a small portion by other government agencies, such as the Treasury and Health and Human Services departments.

    That tells only part of the story, however. The United States spends very little on foreign aid relative to the size of its economy, particularly compared with other rich countries. The U.S. spent about 0.24% of its gross national income on overseas development assistance in 2023. By comparison, Norway, the top contributor by this metric, gave 1.09% of its gross national income in overseas development aid that year. The United States ranks toward the bottom of OECD countries, close to Portugal and Spain, by this measurement.

    In 1970, the United Nations General Assembly agreed that “economically advanced countries” would aim to direct at least 0.7% of their national income to overseas development assistance. Although developed countries have repeatedly mentioned this target in agreements and at summits since then, very few countries have reached that goal. In 2023, only five countries met the 0.7% target.

    The OECD average was just 0.37% in 2023 – far higher than the 0.24% the U.S. provided that year.

    Myth No. 3: Corrupt governments squander US aid

    You may think that foreign aid consists of government-to-government transfers of money. But governments channel most aid through nonprofits such as Catholic Relief Services, public-private partnerships, private companies such as Chemonics International and Deloitte, and multilateral organizations such as the United Nations and the World Bank.

    In fact, according to the Congressional Research Service, between 2013 and 2022, most U.S. foreign assistance bypassed governments altogether: NGOs received 24% of the money, for-profit companies 21%, multilateral organizations 34%, and other organizations, such as universities, research institutes and faith-based organizations, 7%.

    When the political scientist Simone Dietrich researched this question, she found that the United States outsources a lot of its foreign aid to NGOs. This is especially the case with the support it provides countries with bad governance and rampant corruption such as Sudan and Sri Lanka, which could be likely to squander or swipe those funds.

    To be sure, corrupt governments sometimes do squander U.S. foreign aid. But it is important to understand that most aid never enters the coffers of those corrupt governments in the first place.

    Even without Trump’s proposed cuts, US fails to lead

    Even if Trump fails at his current bid to greatly reduce foreign aid spending, other countries, including the United Kingdom and Denmark, are spending far more on economic assistance for the world’s poorest people, as a share of their economies, than the U.S. does.

    Slashing foreign aid would damage U.S. credibility with American allies, reduce U.S. influence around the globe and – as a group of more than 120 retired generals and admirals predicted when Trump tried to slash foreign aid in his first administration – make Americans less safe.

    Parts of this article appeared in a story first published on April 6, 2017, and have been updated.

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

    – ref. As Trump tries to slash US foreign aid, here are 3 common myths many Americans mistakenly believe about it – https://theconversation.com/as-trump-tries-to-slash-us-foreign-aid-here-are-3-common-myths-many-americans-mistakenly-believe-about-it-248979

    MIL OSI – Global Reports –

  • MIL-OSI Global: Reverence for the sacred waters of the Ganga and belief in its power to wash away sins bring millions to India’s Maha Kumbh festival

    Source: The Conversation – USA – By Sudipta Sen, Professor of History, University of California, Davis

    Pilgrims take a dip in the sacred waters of Sangam, at the confluence of Ganga, Yamuna and mythical Saraswati rivers during the Maha Kumbh festival in Prayagraj on Jan.13, 2025. Niharika Kulkarni/AFP via Getty Images

    Millions of people have been visiting Prayagraj, a city in the northern Indian state of Uttar Pradesh, to take part in the Maha Kumbh festival – a six-week-long event that began on Jan. 13, 2025.

    Called the world’s largest religious gathering, the event has already drawn 148 million people. Attendance is expected to exceed 400 million by the time it ends on Feb. 26, and surging crowds have already claimed dozens of lives at the sacred site.

    Attendees range from Indian business tycoons and members of parliament to social media personages, film stars and celebrities, including the philanthropist billionaire Laurene Powell Jobs, widow of Apple founder Steve Jobs, who is a member of an ashram in Prayagraj.

    As a historian of the Ganga and its ecology, I am captivated by the enduring power of unwavering devotion that continues to drive pilgrims to this sacred site, despite the dangers posed by surging crowds and the spread of contagion. At least 30 people have been trampled to death and 60 have been injured in the stampede that followed this year.

    Ritual bathing at the confluence of large rivers has always had a special significance in Hindu rituals. Of such places, the Sangam, or confluence, at the city of Prayagraj is the most revered because this is where the rivers Ganga and Yamuna meet with the fabled Saraswati, also known as the goddess of learning and the arts – the unseen, mythical river that flows underneath.

    Hindus believe that bathing at the pilgrimage of Prayag has the power to wash away every sin known to humankind.

    Mythology behind the Kumbh

    The Kumbh festival is named after the celestial pitcher or “kumbha” that held the much coveted “amrita,” the nectar of immortality. In Hindu mythology, during what is known as the Age of Truth, the powerful clans of the asuras (demons) and devas (gods) fiercely battled over the source of eternal life.

    The cosmic ocean then was filled with milk, which they churned to draw out the nectar that would make them immortal. According to mythology, the asuras succeeded in the beginning, but their exertions disturbed Vasuki, the coiled, eternal snake at the Earth’s core, releasing a deadly poison that threatened to destroy the heavens. When the turn of the devas came, nectar was finally released from the depths of the netherworld. They drank the elixir and defeated the asuras.

    An illustration of the cosmic churning of the ocean.
    245CMR via Wikimedia Commons, CC BY

    During this epic battle, four drops of the nectar fell to the Earth in places that are held scared. Two are cities in present-day northern India, Haridwar and Prayag, and two in central India, Nashik and Ujjain – all located along meeting points of rivers.

    An overwhelming multitude of people

    The festival of the Kumbh also marks the 12-year orbital circuit of the planet Jupiter, or Brihaspati, the harbinger of good fortune and wealth.

    The present gathering commemorates the Maha Kumbh, or “Great” Kumbh, which is an exceptionally rare and auspicious event that takes place once every 144 years, following the completion of 12 regular Kumbh cycles. This sacred gathering is celebrated exclusively at Prayag.

    A gathering of this immense scale presents a monumental challenge for local and national authorities, testing their ability to coordinate the arrival and departure of hundreds of millions of people and housing them in thousands of tents in a city that is assembled just for the few weeks of the gathering.

    It serves as a showcase of the nation’s organizational prowess while striving to preserve the sanctity of this ancient festival. Not only have sandbags been laid for miles along the banks where pilgrims are congregating, local authorities have deployed 2,760 CCTV cameras to keep track of the throngs, prevent stampedes and prevent families from being separated.

    The 2025 event has been dubbed the first digital Maha Kumbh, where police and volunteers are using artificial intelligence-based software to locate missing people and deliver emergency alerts during unexpected crowd surges. They have also installed underwater drones to monitor bathers and prevent drowning. The state government allocated US$765 million (64 billion rupees) for infrastructure and support of police, medical staff and ambulances.

    Despite extensive preparations, the early rush for a bathing spot in the Ganga spiraled out of control just before dawn on Jan. 26 and many people were trampled. Such tragedies are not new to the Kumbh gathering. During the 1954 Kumbh, a much more devastating stampede resulted in the deaths of nearly 800 people. A melee at the train station during the 2013 Kumbh killed 36 people.

    The enduring appeal

    Over the centuries, countless pilgrims have bathed and prayed in the Ganga, driven by the enduring belief that its waters possess the power to cleanse the spirit and cure diseases.

    However, throngs of people wading into the Ganga often stoked the dread of infection and disease. In the latter half of the 19th century, during the heyday of British colonial rule, administrative officials considered mass ritual bathing at festivals such as Kumbh a great threat to public sanitation and hygiene and a potential source of cholera outbreaks. The colonial empire grew increasingly concerned after the number of pilgrims arriving in Prayag rose exponentially after the advent of the railways in the 1860s.

    Despite such fears, barring isolated episodes of cholera – the last one being in 1906, attributed to pilgrims drinking water from polluted pools – there has been little evidence of a major epidemic at the Kumbh in recorded history.

    Faith in the river’s purity has also been emboldened by research on high levels of oxygenation of the river water from algae and concentrations of the bacteriophage virus in the Ganga’s shallow pools, capable of eliminating harmful bacteria like E. coli.

    The magnificent celebration of the Kumbh and the enduring reverence for the sacred waters of the Ganga reflect a live connection to both myth and history across the great subcontinent of India.

    For the millions of pilgrims who bathe in the sacred waters, it is a continuation of the enduring belief in healing and spiritual redemption, both in this life and the next.

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

    – ref. Reverence for the sacred waters of the Ganga and belief in its power to wash away sins bring millions to India’s Maha Kumbh festival – https://theconversation.com/reverence-for-the-sacred-waters-of-the-ganga-and-belief-in-its-power-to-wash-away-sins-bring-millions-to-indias-maha-kumbh-festival-247676

    MIL OSI – Global Reports –

  • MIL-OSI Africa: Nigeria’s Brics partnership: economist outlines potential benefits

    Source: The Conversation – Africa – By Stephen Onyeiwu, Professor of Economics & Business, Allegheny College

    During its 16th annual summit in Kazan, Russia, Brics – a group of emerging economies determined to act as a counterweight to the west and to whittle down the influence of global institutions – invited Nigeria and eight other countries to join it as “partner” countries. Nigeria formally accepted the invitation in January 2025. That invitation has generated questions about how Nigeria stands to benefit, especially when US president Donald Trump is threatening to sanction members of the group if they replace the US dollar as reserve currency. It was established in 2006 and initially composed of Brazil, Russia, India, and China. South Africa joined in 2010 and the bloc added four new members (Egypt, Ethiopia, Iran and the United Arab Emirates) in 2023. In this interview, development economist Stephen Onyeiwu argues that Nigeria stands to gain from a Brics partnership, but would have to carefully balance its domestic interests with those of its western allies and Brics.

    What does it mean to be a Brics ‘partner’ country?

    The introduction of Brics partnership is an expansion mechanism designed to bring in more participants without giving them full membership. It is akin to “observer” status.

    Brics partners can participate in special sessions of summits and foreign ministers’ meetings, as well as other high-level events. Partners can also contribute to the organisation’s official documents and policy statements.

    But partners cannot host annual Brics summits or determine the venue. Neither can they select new members and partners.

    How beneficial is Brics partnership to Nigeria?

    The main benefit would be access to finance offered by Brics’ New Development Bank.

    The New Development Bank was established as an alternative to western-dominated international financial institutions like the World Bank and International Monetary Fund. These institutions are sometimes used by the leading western countries to keep developing countries in line on global issues.

    Some developing countries are reluctant to criticise western countries for fear of losing access to funding by western-backed international financial institutions.

    Nigeria has been running a budget deficit of about 5% of GDP since 2019, and it needs funding to pay for the deficits. The New Development Bank could be an important source of funding for investment in Nigeria’s infrastructure, manufacturing, agriculture, and so on.

    New Development Bank loans are also available in member countries’ local currencies. They don’t have to earn foreign exchange to repay the loans. This fosters exchange rate stability and promotes economic growth. The New Development Bank raises funds in member countries’ local currencies, and lends them to member countries.

    Nigeria could use its Brics partnership to garner the group’s support in matters that affect Nigeria globally. For instance, there have been requests for African countries to be included as permanent members (without veto power) of the UN security council. South Africa and Nigeria have been touted as potential candidates. Should this issue be raised at the UN, Nigeria can count on the support of its Brics allies, which includes two permanent members (China and Russia) of the security council.

    Mutual understanding and cooperation with other Brics members and partners might spill over into economic, trade and investment agreements. Friendly countries are more likely to trade with each other and invest in each other’s economy.

    How can Nigeria maximise its status as a Brics partner?

    Nigeria should use it to attract foreign direct investment in strategic sectors of the economy, such as infrastructure, manufacturing, agriculture and technology.

    Some Brics members, like China, India, and the UAE, have investors that are seeking investment outlets abroad. Nigeria could use the bloc’s annual summits to showcase investment opportunities.

    The global economy is transitioning into “frontier industries and technologies”, such as big data, artificial intelligence, solar, drones, gene editing, 3D printing, blockchains, Internet of Things (IoT), 5G, robotics and nanotechnology. China, India and Brazil are already well advanced in these technologies.

    Nigeria should use its partnership with these countries to build capabilities in frontier industries and technologies. It could get favourable terms in the transfer of these technologies.

    Nigeria seeks to diversify its economy from reliance on the export of hydrocarbons. But Nigerian producers have had a hard time accessing global markets. The country should negotiate trade deals that provide access to Brics markets, especially agricultural and agro-processed products, arts and crafts.

    But Nigeria has to promote economic growth and structural transformation at home. If the Nigerian economy falters, it is unlikely the country will be invited to become a full member of Brics.

    Would adding new members and partners reduce western dominance?

    Brics has so far not been able to significantly change the dynamics of the international political economy. Adding new members and partners, while symbolic, will not act as an effective counterweight to the influence of the G7 and G20 groups of nations.

    Most of the countries and partners in Brics are either allies of western countries or neutral on global issues. They are unlikely to support decisions or actions that are grossly inimical to western interests.

    Egypt and the UAE, for instance, receive military aid from the United States. Ethiopia and Nigeria are top recipients of foreign aid in Africa, much of it from western-backed financial institutions.

    The only outlier in the mix is Iran, whose membership was promoted by Russia. But Iran has no leverage to influence others in the bloc.

    On balance, therefore, Brics will not be a threat to western countries.

    Brics aspires to weaken the dominance of the US dollar for international transactions. Close to 90% of international trade transactions are conducted with the US dollar.

    Brics countries plan to reduce dollar dominance by encouraging member countries to settle their trade and financial transactions using their domestic currencies. For instance, South African businesses could purchase Chinese goods using the South African rand, while the Chinese could do the same for South African goods using the Chinese yuan. The more members you have in Brics swapping their currencies, the less important the US dollar will be.

    It is unlikely, however, that an increase in the number of Brics members and partners will weaken the dollar. Most will continue to have significant economic relationships with the west, including trade and foreign aid.

    They will also continue to conduct business with many non-Brics countries, which also have economic relationships with the west. They will need the US dollar to transact with many other countries.

    So increasing the number of Brics members and partners does not pose a threat to dollar dominance.

    – Nigeria’s Brics partnership: economist outlines potential benefits
    – https://theconversation.com/nigerias-brics-partnership-economist-outlines-potential-benefits-248943

    MIL OSI Africa –

  • MIL-OSI Russia: Digital diagnostics to double number of foreign publications in 2024

    Translartion. Region: Russians Fedetion –

    Source: Center for Diagnostics and Telemedicine of the Moscow Department of Health (DZM)

    The scientific journal Digital Diagnostics has seen a significant increase in the number of publications by foreign authors in 2024, doubling the figures for previous years. This year, the journal has published 16 articles written by foreign authors, compared to an average of 7 articles per year in previous years. The journal currently collaborates with authors from six countries.

    Center for Diagnostics and Telemedicine.

    Yuri Vasiliev, Chief Consultant in Radiology at the Moscow Health Department and CEO of the Center for Diagnostics and Telemedicine, noted that in 2024, their journal expanded its international reach as it featured articles by Indian scientists for the first time. He noted that India, as a member of BRICS, is part of an international organization with which they actively cooperate. He expressed confidence that broad international cooperation and exchange of experience will significantly improve scientific development in their countries. He also noted that 16 foreign articles were published in the journal this year, significantly more than the 7 articles published in 2022 and 2021. Notably, Italy presented 13 articles on clinical cases and scientific reviews, while Indian scientists presented original research in teleradiology, which is considered a valuable contribution to the field.

    In 2024, two landmark papers by Indian authors were published: “Radiological evaluation of pulmonary vascular and gastrointestinal changes in COVID-19 patients referred to a tertiary care centre in Chennai, India: a prospective cross-sectional study” and “Role of teleradiology in interpreting ultrasound images obtained in the emergency setting”. These papers were prepared by research teams from Image Core Lab and Mahatma Gandhi.

    This year, the Diagnostics and Telemedicine Center actively established contacts with colleagues from the BRICS countries. The Center’s employees took part in the International Municipal Forum of the BRICS countries and visited a specialized healthcare exhibition in New Delhi called India Health. In addition, the Center was visited by delegations from four BRICS countries – China, India, Iran and South Africa.

    Digital Diagnostics is recognized as one of the most progressive and prestigious journals in the field of radiology. Every year its portfolio expands and includes a wide range of topics, such as radiology and instrumental diagnostics, innovative methods, application of artificial intelligence, healthcare management and other scientific topics. The journal publishes articles by outstanding Russian scientists, as well as international experts who make a significant contribution to the development of scientific research. The journal publishes articles in three languages: Russian, English and Chinese, with a circulation of 5,000 copies.

    MIL OSI Russia News –

  • MIL-OSI Russia: Six new regions of the Russian Federation will be connected to the Moscow platform of medical services based on artificial intelligence MosMedAI

    Translartion. Region: Russians Fedetion –

    Source: Center for Diagnostics and Telemedicine of the Moscow Department of Health (DZM)

    The MosMedAI platform uses advanced AI algorithms to assist healthcare professionals by highlighting possible pathologies in medical images using color segmentation and generating a radiological report. These advanced solutions have been extensively tested and have been successfully implemented in hospitals for the past five years.

    Currently, more than 75 percent of the country’s regions use medical services available on the MosMedAI platform. The integration of six new regions into this system is a significant step towards the digital transformation of healthcare in the country. Sergei Sobyanin emphasized that the platform offers 17 services based on artificial intelligence, designed to increase the speed and accuracy of diagnostic processes.

    The expansion of the AI-based platform is part of a broader initiative to modernize healthcare in Russia, improving access and quality for patients across the country, Moscow Mayor Sergei Sobyanin announced on his Telegram channel.

    MIL OSI Russia News –

  • MIL-OSI Russia: Six new regions of the Russian Federation are set to connect to Moscow’s AI medical services platform, MosMedAI

    Source: Center for Diagnostics and Telemedicine of the Moscow Health Department (MHD)

    The MosMedAI platform utilizes advanced artificial intelligence algorithms to assist healthcare professionals by highlighting potential pathologies in medical images through color-coded segmentation, along with generating radiology report.   These advanced solutions have undergone comprehensive testing and have been successfully implemented in hospitals for the past five years.

     Currently, over 75 percent of the country’s regions are utilizing medical services available on the MosMedAI platform. The integration of six new regions into this system marks a significant step toward the digital transformation of healthcare throughout the country. Sergey Sobyanin emphasized that the platform offers 17 AI-based services designed to enhance the speed and accuracy of diagnostic processes.

    The expansion of this AI-driven platform is part of a broader initiative to modernize healthcare delivery in Russia, improving access and quality for patients nationwide. This development was announced by the Mayor of Moscow, Sergey Sobyanin via his Telegram channel.

    MIL OSI Russia News –

  • MIL-OSI Europe: AFRICA/SOUTH SUDAN – Local health authorities forced to suspend HIV & AIDS program in Yambio: thousands of lives at risk

    Source: Agenzia Fides – MIL OSI

    Wednesday, 5 February 2025

    Yambio (Agenzia Fides) – The suspension of the HIV & AIDS program in Yambio has placed thousands of lives at risk. Healthcare workers, patients, and local authorities are now calling for urgent intervention to restore funding and ensure continued access to life-saving treatment.Following the decision to halt the activities of the United States Agency for International Development (USAID) for 90 days, which makes the United States the main country for providing humanitarian aid, the Western Equatoria State Ministry of Health has confirmed the suspension of the HIV & AIDS program in Yambio due to funding cuts from the United States, leaving thousands of vulnerable individuals uncertain about their future.“The program was halted following decisions from the United States. I spoke with the program director of CMMB Yambio, and they assured me that discussions are ongoing. We expect to receive further updates soon,” said Health Minister James Abdallah Arona to the local press.The Minister expressed concern about the impact of the decision, emphasizing that the program was heavily reliant on international donors, including USAID and Sweden. “If funding stops, people will suffer. I urge the national government and our partners to engage donors to ensure continued support for our vulnerable population,” said Arona.According to reports, the HIV/AIDS prevalence in Western Equatoria is 6.8%. This is higher than the prevalence in the other states of the greater Equatoria region, which are Central Equatoria (3.1%) and Eastern Equatoria (4.0%).“We were instructed to halt all ongoing services. Before closing, we informed all county health departments about the development,” said the Prevention of Mother-to-Child Transmission (PMTCT) clinician from CMMB Yambio, Henry Biata Nzari. “The government must act swiftly to prevent further suffering. The community is highly vulnerable, and the impact of this suspension could be devastating,” he stressed.USAID was founded in 1961 with the aim of fighting global poverty, providing humanitarian assistance to countries affected by conflict or health emergencies, and supporting the development of democratic societies by improving their potential. Since the 1980s, USAID has worked in the areas of food security, the right to education and humanitarian assistance, focusing on combating the spread of pandemic threats and diseases such as HIV and malaria, as well as supporting maternal and child health. (AP) (Agenzia Fides, 5/2/2025)
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    MIL OSI Europe News –

  • MIL-OSI: NobleAI Selected by ICL Industrial Products to Help Speed Discovery of Safe, High-Performance Materials

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Feb. 05, 2025 (GLOBE NEWSWIRE) — NobleAI, a pioneer in AI solutions for Materials Informatics, announced it has been selected by ICL Industrial Products to help drive the development of innovative chemical compounds for use in its flame retardants. NobleAI’s unique Science-Based AI modeling technology and powerful Visualizations, Insights & Predictions (VIP) platform are expected to help speed the discovery of new high-performance, sustainable compounds for ICL’s life-saving flame retardants, which are used in a multitude of industrial and consumer applications.

    Using NobleAI’s Science-Based AI models and VIP platform, ICL will be able to leverage AI to explore multiple new molecules in a more timely and cost-efficient manner versus lab-only development methods, which typically allow for testing of only a handful of new chemical compounds in a year. This effort will be in collaboration with Microsoft Azure Quantum Elements (AQE) and will accelerate ICL’s ability to identify and evaluate promising new compounds for the development of safer, more sustainable and innovative flame retardants.

    “We are honored to partner with a true industry leader like ICL and are excited to support them in their innovation journey,” said Sunil Sanghavi, CEO of NobleAI. “Their unwavering commitment to advancing safety and sustainability, while simultaneously achieving their cost and profitability goals, sets them apart as a global company dedicated to balancing environmental responsibility with economic success.”

    “ICL is in constant pursuit of new molecular formulations to help improve the performance and sustainability of our flame retardants,” said Yaniv Kabalek, president, Industrial Products Division, ICL. “By partnering with NobleAI, we can reduce wasted resources and speed time to market, while continuing to deliver the safest, highest performing products to our customers.” 

    About NobleAI 
    NobleAI offers commercially-proven AI solutions for Material Informatics powered by its unique, Science-Based AI (SBAI) technology. SBAI models are developed quickly, securely and specifically for each customer and a specific use case. Delivered via the cloud-based Visualizations, Insights & Predictions (VIP) Platform, NobleAI technology delivers actionable insights to accelerate product development and reduce costs, while improving product performance, sustainability and reliability. NobleAI is supported by investments from world-class organizations such as Microsoft, Chevron and Syensqo, and the company’s solutions are already delivering real value in production deployments at leading chemical, material and energy companies around the globe. 

    About ICL
    ICL Group Ltd. is a leading global specialty minerals company, which creates impactful solutions for humanity’s sustainability challenges in the food, agriculture and industrial markets. ICL leverages its unique bromine, potash and phosphate resources, its global professional workforce, and its sustainability focused R&D and technological innovation capabilities, to drive the company’s growth across its end markets. ICL shares are dual listed on the New York Stock Exchange and the Tel Aviv Stock Exchange (NYSE and TASE: ICL). The company employs more than 12,000 people worldwide, and its 2023 revenue totaled approximately $7.5 billion.

    The MIL Network –

  • MIL-OSI: Dayforce Reports Fourth Quarter and Full Year 2024 Results1

    Source: GlobeNewswire (MIL-OSI)

    Dayforce® recurring revenue of $347.9 million, up 19% year-over-year in the fourth quarter

    Total revenue of $465.2 million, up 16% year-over-year in the fourth quarter

    Full year 2024 net cash provided by operating activities of $281.1 million, up 28%

    Annual Dayforce gross revenue retention rate of 98%

    MINNEAPOLIS and TORONTO, Feb. 05, 2025 (GLOBE NEWSWIRE) — Dayforce, Inc. (“Dayforce” or the “Company”) (NYSE:DAY) (TSX:DAY), a global leader in human capital management (“HCM”) technology, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2024.

    “2024 was a year of outstanding progress and innovation for Dayforce. We launched the Dayforce brand, maintained our product positioning as leaders in HCM, and drove significant innovation to help our customers achieve their best work,” said David Ossip, Chair and CEO of Dayforce. “We are optimistic about 2025 as current and prospective customers continue to recognize the value the Dayforce platform provides as they streamline HCM processes and navigate compliance complexities.”

    “The fourth quarter of 2024 was the strongest sales quarter in our history – helping us close out a successful year with robust growth across both new business and add-on sales,” said Stephen Holdridge, President and COO of Dayforce. “We saw a healthy mix of enterprise, major-market, and global sales on top of annual gross retention rate of 98% – another company record. This momentum, alongside the strength of our sales pipeline, gives us great confidence in our right to continue winning in 2025.” 

    “Looking out to 2025, we plan to continue executing on the vision laid out during our November investor day, operating the business for optimal cash generation while maintaining our pace of innovation and high levels of customer success,” said Jeremy Johnson, CFO of Dayforce. “I’m pleased that we are starting the year with demonstrable progress toward our profitability goals, raising our 2025 Adjusted EBITDA guidance 100 basis points to 32%.”

    Financial Highlights for the Fourth Quarter 20241

    • Total revenue was $465.2 million, an increase of 16.4%, or 17.0% on a constant currency basis.
    • Dayforce recurring revenue was $347.9 million, an increase of 19.1%, or 19.5% on a constant currency basis. Excluding float revenue, Dayforce recurring revenue was $307.6 million, an increase of 20.0%, or 20.4% on a constant currency basis.
    • Cloud recurring gross margin was 80.0%, compared to 77.0%, an increase of 3.0 percentage points. Adjusted Cloud recurring gross margin was 80.4%, compared to 78.1%, an increase of 2.3 percentage points.
    • Operating profit was $28.5 million, compared to $38.8 million. Adjusted operating profit was $103.3 million, compared to $78.9 million.
    • Net income was $10.8 million, compared to $45.6 million. Adjusted net income was $97.1 million, compared to $80.3 million.
    • Adjusted EBITDA was $129.2 million, compared to $99.2 million. Adjusted EBITDA margin was 27.8%, compared to 24.8%, an increase of 3.0 percentage points.
    • Diluted net income per share was $0.07, compared to $0.29. Adjusted diluted net income per share was $0.60, compared to $0.50.

    Financial Highlights for the Full Year 20241

    • Total revenue was $1,760.0 million, an increase of 16.3%, or 16.7% on a constant currency basis.
    • Dayforce recurring revenue was $1,339.9 million, an increase of 20.6%, or 20.8% on a constant currency basis. Excluding float revenue, Dayforce recurring revenue was $1,159.7 million, an increase of 20.4%, or 20.7% on a constant currency basis.
    • Cloud annualized recurring revenue (“ARR”) was $1,474.1 million, an increase of 17.9%, or $223.5 million.2
    • Cloud recurring gross margin was 78.9%, compared to 77.0%, an increase of 1.9 percentage points. Adjusted Cloud recurring gross margin was 79.8%, compared to 78.3%, an increase of 1.5 percentage points.
    • Operating profit was $104.1 million, compared to $133.1 million. Adjusted operating profit was $410.5 million, compared to $339.8 million.
    • Annual Dayforce gross revenue retention rate was 98.0% for the full year of 2024, compared to 97.1%.2
    • Net income was $18.1 million, compared to $54.8 million. Adjusted net income was $315.8 million, compared to $238.7 million.
    • Adjusted EBITDA was $501.5 million, compared to $410.2 million. Adjusted EBITDA margin was 28.5%, compared to 27.1%, an increase of 1.4 percentage points.
    • Diluted net income per share was $0.11, compared to $0.35. Adjusted diluted net income per share was $1.97, compared to $1.51.
    • Net cash provided by operating activities was $281.1 million, compared to $219.5 million.
    • Free cash flow was $171.5 million, compared to $105.1 million. Free cash flow margin was 9.7%, compared to 6.9%, an increase of 2.8 percentage points.
    • Cash and equivalents were $579.7 million, compared to $570.3 million.

    Supplemental Detail

    • 7.62 million global employees were live on the Dayforce platform as of December 31, 2024, up 11.4% compared to 6.84 million global employees as of December 31, 2023.3
    • 6,876 customers were live on the Dayforce platform as of December 31, 2024, an increase of 146 customers since September 30, 2024 and an increase of 483 customers since December 31, 2023, or 7.6% year-over-year.3
    • Dayforce recurring revenue per customer was $163,101 for the trailing twelve months ended December 31, 2024, an increase of 11.1%.4
    • The average float balance for Dayforce’s customer funds during the quarter was $4.68 billion and the average yield on Dayforce’s float balance was 3.8%, a decrease of 10 basis points year-over-year. Float revenue from invested customer funds was $45.1 million for the three months ended December 31, 2024.
    • The average U.S. dollar to Canadian dollar foreign exchange rate was $1.40 for the three months ended December 31, 2024, compared to $1.36 for the three months ended December 31, 2023. Dayforce presents percentage change in revenue on a constant currency basis in order to exclude the effect of foreign currency rate fluctuations, which it believes is useful to management and investors. Percentage change in revenue was calculated on a constant currency basis by applying the average foreign exchange rate in effect during the comparable prior period.

    1 The financial highlights are on a year-over-year basis, unless otherwise stated. All financial results are reported in United States (“U.S.”) dollars and in accordance with accounting principles generally accepted in the U.S. (“GAAP”), unless otherwise stated.
    2 Excluding Ascender and eloomi.
    3 Excluding Ascender, ADAM HCM, and eloomi.
    4 Excluding float revenue, Ascender, ADAM HCM, and eloomi revenue, and on a constant currency basis. Please refer to the “Non-GAAP Financial Measures” section for discussion of percentage change in revenue on a constant currency basis.

    Business Highlights

    • The Company launched its first mass advertising campaign across the U.S. after uniting its global brand as Dayforce.
    • Dayforce announced the launch of the Dayforce Partner Network to create growth opportunities and provide an exceptional experience for customers.
    • Dayforce was named a Leader in the IDC MarketScape – Worldwide Cloud-Enabled Human Capital Management 2024 Vendor Assessment and a Leader in the Nucleus Research Full Suite Talent Acquisition Technology Value Matrix 2024.
    • Dayforce won the gold medal and was named a Leader in Software Reviews Data Quadrant Awards for both HCM Enterprise Software and WFM Enterprise Software and was recognized by Constellation Research for excellence in Workforce Management Suites, HCM Suites with a North American Focus, Global HCM Suites, and Payroll for North American SMBs.
    • For the second consecutive year, Dayforce was named by Newsweek magazine and the Best Practice Institute as one of the Top 100 Most Loved Workplaces in America, made Computerworld’s list of Best Places to Work in IT, and earned a place on the United Kingdom’s (“U.K.”) Most Loved Workplace list.
    • Dayforce achieved record attendance at Dayforce Discover 2024, its annual customer conference in Las Vegas, where it welcomed its global community of customers, prospective customers, partners, and industry disruptors.

    Sales Highlights

    • A large member-owned retail cooperative selected the full Dayforce suite to support all 66,000 employees at 362 stores across nine states in the U.S.
    • A large global manufacturer and distributor of paints and coatings supporting 60,000 employees has expanded its partnership with Dayforce Payroll and Workforce Management for its regions beyond the U.S.
    • A global air services provider with over 48,000 employees across 35 countries has expanded its partnership with Dayforce to its U.S. operations. The company, which employs 3,200 in the U.S., has purchased the full suite of Dayforce products, including Managed Payroll.
    • A space exploration company selected Dayforce Payroll and Time and Attendance to support its 18,000 employees.
    • A global manufacturer of construction equipment selected Dayforce for Managed Payroll and Time and Attendance, supporting 6,500 employees and 500 pensioners globally.
    • A large Indigenous organization in the U.S. selected the full Dayforce suite to support 5,000 employees across Arizona, New Mexico, Utah, and Colorado.
    • A specialty food distributor with 5,000 employees across the U.S. and Canada has expanded its Dayforce partnership to include Advanced Experience Hub, Succession Planning, Co-Pilot, Career Explorer, Engagement, and Talent Acquisition Management.
    • A global beverage company has expanded its partnership with Dayforce choosing Time and Managed Payroll, to support 3,100 employees across the United States and Canada.
    • A global leader specializing in radiation detection, measurement, and monitoring solutions opted for the full Dayforce HCM suite to support its 3,000 employees globally.

    Customer Highlights

    • A global aviation services provider with over 55,000 employees across 36 countries has successfully gone live with Dayforce HR and Payroll for 8,000 employees in the U.K. and plans to continue its global rollout of the platform.
    • A leading American entertainment company with 23,000 employees successfully launched Dayforce Talent – Performance, Learning, Compensation, and Succession Planning – across its U.S. operations.
    • A leading U.K. contract catering and support services provider successfully implemented Dayforce HR and Payroll for its 10,500 employees.
    • A large public sector organization in North Carolina has gone live with Dayforce HR, Payroll, Benefits, Time, and People Analytics to support 8,000 employees.
    • A U.S gaming and digital entertainment company has successfully gone live with Dayforce HR, Payroll, Time and People Analytics, supporting 5,800 employees across the U.S. and Canada.
    • A global cybersecurity company has gone live with Dayforce HR, Payroll, and Time and Attendance, supporting 2,900 employees across the U.S.
    • A leading U.S. based commercial real estate company has successfully implemented Dayforce, using HR, Managed Payroll, Managed Benefits, Time and Talent to support its 2,650 employees.

    Product Roadmap Highlights

    In the fourth quarter, Dayforce continued to set a new standard for the HCM industry by bringing product capabilities to market to help organizations invest in their people and push their businesses forward.

    • 900+ compliance updates in 2024 further strengthen the company’s industry-leading position in compliance by addressing taxes, workers’ compensation, garnishments, dependent care, and multiple state and city rate changes.
    • New intelligence capabilities across the Dayforce suite will help customers simplify and accelerate business processes including:
      • Dayforce Co-Pilot, made generally available to all customers in Q4, optimizes people operations by enabling a more informed, empowered, and productive workforce through a powerful GenAI assistant that is personalized to answer contextual questions, summarize data, and provide step-by-step guidance.
      • Dayforce Artificial Intelligence (“AI”) Agents, announced at Dayforce Discover, will help customers accelerate workflows, efficiencies, and decision-making by automating repetitive tasks across the employee lifecycle.
      • AI-enhanced Dayforce Demand Forecasting, a new capability, better predicts demand and labor needs by delivering AI-enhanced insights through machine learning algorithms to help organizations plan more effectively.
      • Dayforce Workforce Insights, a new feature, provides critical workforce insights and serves as a one-stop shop for people leaders.
    • Dayforce Shift Marketplace supercharges staffing mobility by enabling workers to search for, select, and fill open shifts, right from their mobile device. Shift Marketplace provides workers with the up-front information required to understand their role, work, and compensation.
    • Dayforce Talent enhancements elevate the experience for talent acquisition professionals by enabling them to hire at scale, reduce complexities in recruitment, and view qualified candidates quickly and efficiently.
    • Dayforce Wallet updates include new direct-to-bank functionality with the option to continue to access available pay using Dayforce Wallet or to choose to send pay directly to another personal bank account and expanded access to on-demand pay using Dayforce Mobile.

    Business Outlook

    Based on information available as of February 5, 2025, Dayforce is issuing the following guidance for the full year and first quarter of 2025 as indicated below. Comparisons are on a year-over-year basis, unless stated otherwise.

    First Quarter 2025 Guidance

    • Total revenue, excluding float, of $421 million to $427 million, an increase of approximately 13.5% to 15% on a GAAP basis, or approximately 15.5% to 17% on a constant currency basis.
    • Float revenue of $53 million.
    • Adjusted EBITDA margin of 31% to 32%.

    Full Year 2025 Guidance

    • Total revenue, excluding float, of $1,745 million to $1,760 million, an increase of approximately 11.9% to 12.8% on a GAAP basis, or approximately 14% to 15% on a constant currency basis.
    • Dayforce recurring revenue, excluding float, of $1,315 million to $1,340 million, an increase of approximately 13.4% to 15.5% on a GAAP basis, or approximately 15% to 17% on a constant currency basis.
    • Float revenue of $180 million.
    • Adjusted EBITDA margin of 32%.
    • Free cash flow margin of 12%.

    Please refer to the “Reconciliation of GAAP to Non-GAAP Financial Measures” section for a reconciliation of Dayforce’s free cash flow margin guidance. Dayforce has not reconciled the Adjusted EBITDA margin ranges for the first quarter or full year of 2025 to the directly comparable GAAP financial measures because applicable information for the future period, on which these reconciliations would be based, is not available without unreasonable efforts due to uncertainty regarding, and the potential variability of, depreciation and amortization, share-based compensation expense and related employer taxes, changes in foreign currency exchange rates, and other items.

    Foreign Exchange

    For the first quarter and full year of 2025, Dayforce’s guidance assumes an average U.S. dollar to key foreign currencies as follows:

      % of 2024 total
    revenue    		 Foreign exchange
    rate assumed in
    guidance    		 Foreign exchange rate
    in Q1 2024    		 Foreign exchange rate
    in FY 2024
    U.S. dollar to Canadian dollar 21% 1.44 1.35 1.37
    U.S. dollar to Australian dollar 4% 1.61 1.52 1.52
    U.S. dollar to Great British pound 3% 0.81 0.79 0.78
             

    Conference Call Details

    Dayforce will host a live webcast and conference call to discuss the fourth quarter and full year 2024 earnings at 8:00 a.m. Eastern Time on February 5, 2025. Those wishing to participate via the webcast should access the call through the Investor Relations section of the Dayforce website. Those wishing to participate via the telephone may dial in at 877-497-9071 (USA) or 201-689-8727 (International). The webcast replay will be available through the Investor Relations section of the Dayforce website.

    About Dayforce

    Dayforce makes work life better. Everything we do as a global leader in HCM technology is focused on improving work for thousands of customers and millions of employees around the world. Our single, global people platform for HR, Pay, Time, Talent, and Analytics equips Dayforce customers to unlock their full workforce potential and operate with confidence. To learn how Dayforce helps create quantifiable value for organizations of all sizes and industries, visit dayforce.com.

    Forward-Looking Statements

    This press release contains forward-looking statements that are subject to risks and uncertainties. All statements other than statements of historical fact or relating to present facts or current conditions included in this press release are forward-looking statements. Forward-looking statements give Dayforce’s current expectations and projections relating to its financial condition, results of operations, plans, objectives, future performance, and business. Users can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. Forward-looking statements in this press release include statements relating to the full year and first quarter of 2025, as well as those relating to future growth initiatives. These statements may include words such as “anticipate,” “estimate,” “expect,” “assume”, “project,” “seek,” “plan,” “intend,” “believe,” “will,” “may,” “could,” “continue,” “likely,” “should,” and other words and terms of similar meaning in connection with any discussion of the timing or nature of future operating or financial performance or other events, but not all forward-looking statements contain these identifying words. The forward-looking statements contained in this press release are based on assumptions that Dayforce has made in light of its industry experience and its perceptions of historical trends, current conditions, expected future developments and other factors that it believes are appropriate under the circumstances. As users consider this press release, it should be understood that these statements are not guarantees of performance or results. These assumptions and Dayforce’s future performance or results involve risks and uncertainties (many of which are beyond its control). In particular:

    • its inability to maintain its high Cloud solutions growth rate, manage its domestic and international growth effectively, or execute on its growth strategy;
    • the impact of disruptions to the movement of funds to initiate payroll-related transactions on behalf of  customers;
    • its failure to manage its aging technical operations infrastructure;
    • system breaches, interruptions or failures, including cyber-security breaches, identity theft, or other disruptions that could compromise customer information or sensitive company information, including its ongoing consent order with the Federal Trade Commission regarding data protection;
    • its failure to comply with applicable privacy, data protection, information security, and financial services laws, regulations and standards;
    • its inability to successfully compete in the markets in which Dayforce operates and expand its current offerings into new markets or further penetrate existing markets due to competition;
    • its failure to properly update its solutions to enable its customers to comply with applicable laws;
    • its failure to provide new or enhanced functionality and features, including those that may involve artificial intelligence or machine learning;
    • its inability to maintain necessary third-party relationships, and third-party software licenses, and identify errors in the software it licenses;
    • its inability to offer and deliver high-quality technical support, implementation, and professional services;
    • its inability to attract and retain senior management employees and highly skilled employees;
    • the impact of its outstanding debt obligations on its financial condition, results of operations, and value of its common stock;
    • its ability to maintain effective internal control over financial reporting, and the effect of the existing material weakness in its internal control over financial reporting on its business, financial condition, and results of operations; or
    • the impact of adverse economic and market conditions on its business, operating results, or financial condition.

    Although Dayforce has attempted to identify important risk factors, additional factors or events that could cause Dayforce’s actual performance to differ from these forward-looking statements may emerge from time to time, and it is not possible for Dayforce to predict all of them. Should one or more of these risks or uncertainties materialize, or should any of Dayforce’s assumptions prove incorrect, its actual financial condition, results of operations, future performance, and business may vary in material respects from the performance projected in these forward-looking statements. In addition to any factors and assumptions set forth above in this press release, the material factors and assumptions used to develop the forward-looking information include, but are not limited to: the general economy remains stable; the competitive environment in the HCM market remains stable; the demand environment for HCM solutions remains stable; Dayforce’s implementation capabilities and cycle times remain stable; foreign exchange rates, both current and those used in developing forward-looking statements, specifically U.S. dollar to Canadian dollar, remain stable at, or near, current rates; Dayforce will be able to maintain its relationships with its employees, customers, and partners; Dayforce will continue to attract qualified personnel to support its development requirements and the support of its new and existing customers; and that the risk factors noted above, individually or collectively, do not have a material impact on Dayforce. Any forward-looking statement made by Dayforce in this press release speaks only as of the date on which it is made. Dayforce undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

         
    Dayforce, Inc.
    Condensed Consolidated Balance Sheets
    (Unaudited)
         
      December 31,  
      2024     2023  
    (In millions, except per share data)          
    Assets          
    Current assets:          
    Cash and equivalents $ 579.7     $ 570.3  
    Restricted cash   —       0.8  
    Trade and other receivables, net   264.8       228.8  
    Prepaid expenses and other current assets   137.5       126.7  
    Total current assets before customer funds   982.0       926.6  
    Customer funds   5,001.5       5,028.6  
    Total current assets   5,983.5       5,955.2  
    Right of use lease assets, net   12.3       19.1  
    Property, plant, and equipment, net   223.7       210.1  
    Goodwill   2,336.7       2,293.9  
    Other intangible assets, net   189.2       230.2  
    Deferred sales commissions   231.8       192.1  
    Other assets   139.8       110.3  
    Total assets $ 9,117.0     $ 9,010.9  
               
    Liabilities and stockholders’ equity          
    Current liabilities:          
    Current portion of long-term debt $ 7.3     $ 7.6  
    Current portion of long-term lease liabilities   5.7       7.0  
    Accounts payable   77.0       66.7  
    Deferred revenue   42.3       40.2  
    Employee compensation and benefits   126.8       92.9  
    Other accrued expenses   31.5       30.4  
    Total current liabilities before customer funds obligations   290.6       244.8  
    Customer funds obligations   5,024.2       5,090.1  
    Total current liabilities   5,314.8       5,334.9  
    Long-term debt, less current portion   1,209.1       1,210.1  
    Employee benefit plans   5.9       27.7  
    Long-term lease liabilities, less current portion   10.8       18.9  
    Other liabilities   30.1       21.1  
    Total liabilities   6,570.7       6,612.7  
    Commitments and contingencies          
    Stockholders’ equity:          
    Common stock, $0.01 par, 500.0 shares authorized, 159.0 and 156.3 shares issued and outstanding, respectively   1.6       1.6  
    Additional paid in capital   3,363.2       3,151.1  
    Accumulated deficit   (335.8 )     (317.8 )
    Accumulated other comprehensive loss   (482.7 )     (436.7 )
    Total stockholders’ equity   2,546.3       2,398.2  
    Total liabilities and stockholders’ equity $ 9,117.0     $ 9,010.9  
                   
    Dayforce, Inc.
    Condensed Consolidated Statements of Operations
    (Unaudited)
               
      Three Months Ended December 31,     Year Ended December 31,  
      2024     2023     2024     2023  
    (In millions, except per share data)                      
    Revenue:                      
    Recurring $ 393.7     $ 339.1     $ 1,517.3     $ 1,297.3  
    Professional services and other   71.5       60.6       242.7       216.4  
    Total revenue   465.2       399.7       1,760.0       1,513.7  
    Cost of revenue:                      
    Recurring   87.6       85.5       352.7       324.9  
    Professional services and other   80.2       68.6       291.0       265.6  
    Product development and management   57.0       56.4       223.8       209.9  
    Depreciation and amortization   21.8       19.4       80.4       66.8  
    Total cost of revenue   246.6       229.9       947.9       867.2  
    Gross profit   218.6       169.8       812.1       646.5  
    Selling and marketing   93.5       72.7       342.0       250.2  
    General and administrative   96.6       58.3       366.0       263.2  
    Operating profit   28.5       38.8       104.1       133.1  
    Interest expense, net   7.4       8.9       40.6       36.1  
    Other expense (income), net   20.2       (5.6 )     25.9       1.0  
    Income before income taxes   0.9       35.5       37.6       96.0  
    Income tax (benefit) expense   (9.9 )     (10.1 )     19.5       41.2  
    Net income $ 10.8     $ 45.6     $ 18.1     $ 54.8  
    Net income per share:                      
    Basic $ 0.07     $ 0.29     $ 0.11     $ 0.35  
    Diluted $ 0.07     $ 0.29     $ 0.11     $ 0.35  
    Weighted average shares outstanding:                      
    Basic   158.3       156.2       157.8       155.3  
    Diluted   161.8       159.2       160.4       158.5  
                                   
    Dayforce, Inc.
    Condensed Consolidated Statements of Cash Flows
    (Unaudited)
         
      Year Ended December 31,  
      2024     2023  
    (In millions)          
    Cash flows from operating activities          
    Net income $ 18.1     $ 54.8  
    Adjustments to reconcile net income to net cash provided by operating activities:          
    Deferred income tax (benefit) expense   (34.1 )     4.1  
    Depreciation and amortization   209.8       132.5  
    Amortization of debt issuance costs and debt discount   4.2       4.4  
    Loss on debt extinguishment   4.3       —  
    Provision for doubtful accounts   10.1       5.4  
    Net periodic pension and postretirement cost   10.1       1.1  
    Share-based compensation expense   155.5       136.7  
    Change in fair value of contingent consideration   9.0       4.3  
    Other   0.1       1.0  
    Changes in operating assets and liabilities, excluding effects of acquisitions:          
    Trade and other receivables   (48.0 )     (48.3 )
    Prepaid expenses and other current assets   (3.3 )     (22.1 )
    Deferred sales commissions   (43.9 )     (39.5 )
    Accounts payable and other accrued expenses   15.7       9.3  
    Deferred revenue   (4.4 )     (1.3 )
    Employee compensation and benefits   12.8       (7.5 )
    Accrued taxes   (3.6 )     (4.7 )
    Payment of contingent consideration   (20.9 )     —  
    Other assets and liabilities   (10.4 )     (10.7 )
    Net cash provided by operating activities   281.1       219.5  
               
    Cash flows from investing activities          
    Purchases of customer funds marketable securities   (541.1 )     (528.1 )
    Proceeds from sale and maturity of customer funds marketable securities   353.4       445.5  
    Purchases of marketable securities   (16.2 )     (6.8 )
    Proceeds from sale and maturity of marketable securities   14.7       2.0  
    Expenditures for property, plant, and equipment   (14.3 )     (19.0 )
    Expenditures for software and technology   (95.3 )     (95.4 )
    Acquisition costs, net of cash acquired   (173.1 )     —  
    Other   —       (1.0 )
    Net cash used in investing activities   (471.9 )     (202.8 )
               
    Cash flows from financing activities          
    Increase in customer funds obligations, net   51.8       200.9  
    Proceeds from issuance of common stock under share-based compensation plans   56.6       49.0  
    Repurchases of common stock   (36.1 )     —  
    Proceeds from debt issuance   650.0       —  
    Repayment of long-term debt obligations   (648.3 )     (7.9 )
    Payment of debt refinancing costs   (11.4 )     —  
    Payment of contingent consideration   (3.0 )     —  
    Net cash provided by financing activities   59.6       242.0  
               
    Effect of exchange rate changes on cash, restricted cash, and equivalents   (36.3 )     11.5  
    Net (decrease) increase in cash, restricted cash, and equivalents   (167.5 )     270.2  
    Cash, restricted cash, and equivalents at beginning of period   3,421.4       3,151.2  
    Cash, restricted cash, and equivalents at end of period $ 3,253.9     $ 3,421.4  
               
    Reconciliation of cash, restricted cash, and equivalents to the
    consolidated balance sheets    		          
    Cash and equivalents $ 579.7     $ 570.3  
    Restricted cash   —       0.8  
    Restricted cash and equivalents included in customer funds   2,674.2       2,850.3  
    Total cash, restricted cash, and equivalents $ 3,253.9     $ 3,421.4  
               
    Supplemental cash flow information          
    Cash paid for interest $ 45.3     $ 52.4  
    Cash paid for income taxes   56.4       43.0  
    Cash received from income tax refunds   0.8       0.6  
                   
    Dayforce, Inc.
    Revenue Financial Measures
    (Unaudited)
                           
      Three Months Ended
    December 31,    		     Percentage
    change in
    revenue    		     Impact of
    changes in
    foreign
    currency
    (a)    		     Percentage
    change in
    revenue on
    a constant
    currency
    basis (a)    		  
      2024     2023     2024 vs.
    2023    		           2024 vs.
    2023    		  
      (In millions)                    
    Revenue:                            
    Recurring revenue:                            
    Dayforce recurring, excluding float $ 307.6     $ 256.4       20.0 %     (0.4 )%     20.4 %
    Dayforce float   40.3       35.7       12.9 %     (0.5 )%     13.4 %
    Total Dayforce recurring   347.9       292.1       19.1 %     (0.4 )%     19.5 %
    Powerpay recurring, excluding float   23.1       23.1       (— )%     (2.6 )%     2.6 %
    Powerpay float   4.4       5.0       (12.0 )%     (4.0 )%     (8.0 )%
    Total Powerpay recurring   27.5       28.1       (2.1 )%     (2.8 )%     0.7 %
    Total Cloud recurring   375.4       320.2       17.2 %     (0.7 )%     17.9 %
    Other recurring (b)   18.3       18.9       (3.2 )%     0.5 %     (3.7 )%
    Total recurring revenue   393.7       339.1       16.1 %     (0.6 )%     16.7 %
    Professional services and other (c)   71.5       60.6       18.0 %     (0.8 )%     18.8 %
    Total revenue $ 465.2     $ 399.7       16.4 %     (0.6 )%     17.0 %
    a) Dayforce has calculated percentage change in revenue on a constant currency basis by applying the average foreign exchange rate in effect during the comparable prior period. Please refer to the “Non-GAAP Financial Measures” section for discussion of percentage change in revenue on a constant currency basis.
    b) Float attributable to Other recurring was $0.4 million and $0.5 million for the three months ended December 31, 2024, and 2023, respectively.
    c) For the three months ended December 31, 2024, Professional services and other consisted of $69.4 million, $1.9 million, $0.2 million associated with Dayforce, Other, and Powerpay, respectively. For the three months ended December 31, 2023, Professional services and other consisted of $57.6 million, $2.7 million, and $0.3 million associated with Dayforce, Other, and Powerpay, respectively.
       
      Year Ended December 31,     Percentage
    change in
    revenue    		     Impact of
    changes in
    foreign
    currency
    (a)    		     Percentage
    change in
    revenue on
    a constant
    currency
    basis (a)    		  
      2024     2023     2024 vs.
    2023    		           2024 vs.
    2023    		  
      (In millions)                    
    Revenue:                            
    Recurring revenue:                            
    Dayforce recurring, excluding float $ 1,159.7     $ 962.9       20.4 %     (0.3 )%     20.7 %
    Dayforce float   180.2       148.2       21.6 %     (0.3 )%     21.9 %
    Total Dayforce recurring   1,339.9       1,111.1       20.6 %     (0.2 )%     20.8 %
    Powerpay recurring, excluding float   83.7       81.9       2.2 %     (1.6 )%     3.8 %
    Powerpay float   18.8       18.4       2.2 %     (1.6 )%     3.8 %
    Total Powerpay recurring   102.5       100.3       2.2 %     (1.6 )%     3.8 %
    Total Cloud recurring   1,442.4       1,211.4       19.1 %     (0.3 )%     19.4 %
    Other recurring (b)   74.9       85.9       (12.8 )%     (0.7 )%     (12.1 )%
    Total recurring revenue   1,517.3       1,297.3       17.0 %     (0.3 )%     17.3 %
    Professional services and other (c)   242.7       216.4       12.2 %     (0.3 )%     12.5 %
    Total revenue $ 1,760.0     $ 1,513.7       16.3 %     (0.4 )%     16.7 %
    a) Dayforce has calculated percentage change in revenue on a constant currency basis by applying the average foreign exchange rate in effect during the comparable prior period. Please refer to the “Non-GAAP Financial Measures” section for discussion of percentage change in revenue on a constant currency basis.
    b) Float attributable to Other recurring was $1.3 million and $2.1 million for the years ended December 31, 2024 and 2023, respectively.
    c) For the year ended December 31, 2024, Professional services and other consisted of $233.8 million, $8.5 million, and $0.4 million associated with Dayforce, Other, and Powerpay, respectively. For the year ended December 31, 2023, Professional services and other consisted of $202.1 million, $13.8 million, and $0.5 million associated with Dayforce, Other, and Powerpay, respectively.
       
    Dayforce, Inc.
    Share-Based Compensation Expense and Related Employer Taxes
    (Unaudited)
               
      Three Months Ended
    December 31,    		     Twelve Months Ended
    December 31,    		  
      2024     2023     2024     2023  
      (in millions)  
    Cost of revenue – Cloud $ 1.7     $ 3.5     $ 11.3     $ 15.4  
    Cost of revenue – Other   0.5       0.3       2.2       1.5  
    Professional services and other   2.5       3.7       14.2       17.2  
    Product development and management   7.6       6.8       32.6       32.5  
    Sales and marketing   9.1       4.5       36.3       23.5  
    General and administrative   16.8       —       60.0       47.0  
    Total $ 38.2     $ 18.8     $ 156.6     $ 137.1  
                                   
    Dayforce, Inc.
    Reconciliation of GAAP to Non-GAAP Financial Measures
    (Unaudited)
     
    The following tables reconcile Dayforce’s reported results to its non-GAAP financial measures:
         
      Three Months Ended December 31, 2024  
      As
    reported    		     As
    reported
    margins
    (a)    		     Share-based
    compensation    		     Amortization     Other (b)     As
    adjusted
    (b)    		     As
    adjusted
    margins
    (a)    		  
      (Dollars in millions, except per share data)  
    Cost of Cloud recurring revenue $ 75.2       80.0 %   $ 1.7     $ —     $ 0.1     $ 73.4       80.4 %
                                             
    Operating profit $ 28.5       6.1 %   $ 38.2     $ 32.5     $ 4.1     $ 103.3       22.2 %
                                             
    Net income $ 10.8       2.3 %   $ 38.2     $ 32.5     $ 15.6     $ 97.1       20.9 %
    Interest expense, net   7.4             —       —       —       7.4        
    Income tax benefit (c)   (9.9 )           —       —       (8.8 )     (1.1 )      
    Depreciation and amortization   58.3             —       32.5       —       25.8        
    EBITDA $ 66.6           $ 38.2     $ —     $ 24.4     $ 129.2       27.8 %
                                             
    Net income per share – diluted $ 0.07           $ 0.24     $ 0.20     $ 0.10     $ 0.60        
    (a) Cloud recurring gross margin is defined as total Cloud recurring revenue less cost of Cloud recurring revenue as a percentage of total Cloud recurring revenue. Operating profit margin and net profit margin are determined by calculating the percentage operating profit and net income are of total revenue. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted margins.
    (b) The as adjusted column is a non-GAAP financial measure, adjusted to exclude share-based compensation expense and related employer taxes, amortization of acquisition-related intangible assets, and certain other items. The adjustment to operating profit consists of $4.1 million of restructuring expenses. The adjustments to net income also include $17.1 million of foreign exchange loss, $3.2 million of costs associated with the planned termination of its frozen U.S. pension plan, and a $8.8 million net adjustment for the effect of income taxes related to these items. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted metrics.
    (c) Income tax effects have been calculated based on the statutory tax rates in effect in the U.S. and foreign jurisdictions during the period.
       
      Three Months Ended December 31, 2023  
      As
    reported    		     As
    reported
    margins
    (a)    		     Share-based
    compensation    		     Amortization     Other (b)     As
    adjusted
    (b)    		     As
    adjusted
    margins
    (a)    		  
      (Dollars in millions, except per share data)  
    Cost of Cloud recurring revenue $ 73.7       77.0 %   $ 3.5     $ —     $ —     $ 70.2       78.1 %
                                             
    Operating profit $ 38.8       9.7 %   $ 18.8     $ 27.8     $ (6.5 )   $ 78.9       19.7 %
                                             
    Net income $ 45.6       11.4 %   $ 18.8     $ 27.8     $ (11.9 )   $ 80.3       20.1 %
    Interest expense, net   8.9             —       —       —       8.9        
    Income tax benefit (c)   (10.1 )           —       —       0.5       (10.6 )      
    Depreciation and amortization   48.4             —       27.8       —       20.6        
    EBITDA $ 92.8           $ 18.8     $ —     $ (12.4 )   $ 99.2       24.8 %
                                             
    Net income per share – diluted $ 0.29           $ 0.12     $ 0.17     $ (0.07 )   $ 0.50        
    (a) Cloud recurring gross margin is defined as total Cloud recurring revenue less cost of Cloud recurring revenue as a percentage of total Cloud recurring revenue. Operating profit margin and net profit margin are determined by calculating the percentage operating profit and net income are of total revenue. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted margins.
    (b) The as adjusted column is a non-GAAP financial measure, adjusted to exclude share-based compensation expense and related employer taxes, amortization of acquisition-related intangible assets, and certain other items. The adjustments to operating profit consist of a $7.5 million gain related to the impact of the fair value adjustment for the DataFuzion contingent consideration, a $0.3 million gain related to the abandonment of certain leased facilities, and $1.3 million of restructuring expenses. The adjustments to net income also include $5.9 million of foreign exchange gain and a $0.5 million net adjustment for the effect of income taxes related to these items. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted metrics.
    (c) Income tax effects have been calculated based on the statutory tax rates in effect in the U.S. and foreign jurisdictions during the period.
       
      Year Ended December 31, 2024  
      As
    reported    		     As
    reported
    margins
    (a)    		     Share-based
    compensation    		     Amortization     Other (b)     As
    adjusted
    (b)    		     As
    adjusted
    margins
    (a)    		  
      (Dollars in millions, except per share data)  
    Cost of Cloud recurring revenue $ 303.7       78.9 %   $ 11.3     $ —     $ 1.0     $ 291.4       79.8 %
                                             
    Operating profit $ 104.1       5.9 %   $ 156.6     $ 120.0     $ 29.8     $ 410.5       23.3 %
                                             
    Net income $ 18.1       1.0 %   $ 156.6     $ 120.0     $ 21.1     $ 315.8       17.9 %
    Interest expense, net   40.6             —       —       —       40.6        
    Income tax expense (c)   19.5             —       —       (35.8 )     55.3        
    Depreciation and amortization   209.8             —       120.0       —       89.8        
    EBITDA $ 288.0           $ 156.6     $ —     $ 56.9     $ 501.5       28.5 %
                                             
    Net income per share – diluted $ 0.11           $ 0.98     $ 0.75     $ 0.13     $ 1.97        
    (a) Cloud recurring gross margin is defined as total Cloud recurring revenue less cost of Cloud recurring revenue as a percentage of total Cloud recurring revenue. Operating profit margin and net profit margin are determined by calculating the percentage operating profit and net income are of total revenue. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted margins.
    (b) The as adjusted column is a non-GAAP financial measure, adjusted to exclude share-based compensation expense and related employer taxes, amortization of acquisition-related intangible assets, and certain other items. The adjustments to operating profit consist of $19.8 million of restructuring expenses, $9.0 million related to the impact of the fair value adjustment for the DataFuzion contingent consideration, and $1.0 million of fees associated with initiating the receivables securitization program. The adjustments to net income also include $14.2 million of foreign exchange loss, $12.9 million of costs associated with the planned termination of our frozen U.S. pension plan, and a $35.8 million net adjustment for the effect of income taxes related to these items. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted metrics.
    (c) Income tax effects have been calculated based on the statutory tax rates in effect in the U.S. and foreign jurisdictions during the period.
       
      Year Ended December 31, 2023  
      As
    reported    		     As
    reported
    margins
    (a)    		     Share-based
    compensation    		     Amortization     Other (b)     As
    adjusted
    (b)    		     As
    adjusted
    margins
    (a)    		  
      (Dollars in millions, except per share data)  
    Cost of Cloud recurring revenue $ 278.5       77.0 %   $ 15.4     $ —     $ —     $ 263.1       78.3 %
                                             
    Operating profit $ 133.1       8.8 %   $ 137.1     $ 60.5     $ 9.1     $ 339.8       22.4 %
                                             
    Net income $ 54.8       3.6 %   $ 137.1     $ 60.5     $ (13.7 )   $ 238.7       15.8 %
    Interest expense, net   36.1             —       —       —       36.1        
    Income tax expense (c)   41.2             —       —       (22.2 )     63.4        
    Depreciation and amortization   132.5             —       60.5       —       72.0        
    EBITDA $ 264.6           $ 137.1     $ —     $ 8.5     $ 410.2       27.1 %
                                             
    Net income per share – diluted $ 0.35           $ 0.86     $ 0.38     $ (0.09 )   $ 1.51        
    (a) Cloud recurring gross margin is defined as total Cloud recurring revenue less cost of Cloud recurring revenue as a percentage of total Cloud recurring revenue. Operating profit margin and net profit margin are determined by calculating the percentage operating profit and net income are of total revenue. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted margins.
    (b) The as adjusted column is a non-GAAP financial measure, adjusted to exclude share-based compensation expense and related employer taxes, amortization of acquisition-related intangible assets, and certain other items. The adjustments to operating profit consist of $4.7 million of restructuring expenses, $4.3 million related to the impact of the fair value adjustment for the DataFuzion contingent consideration, and $0.1 million related to the abandonment of certain leased facilities. The adjustments to net income also include $0.6 million of foreign exchange gain and a $22.2 million net adjustment for the effect of income taxes related to these items. Please refer to the “Non-GAAP Financial Measures” section for additional information on the as adjusted metrics.
    (c) Income tax effects have been calculated based on the statutory tax rates in effect in the U.S. and foreign jurisdictions during the period.
       
    Dayforce, Inc.
    Reconciliation of Free Cash Flow
    (Unaudited)
     
    The following table reconciles Dayforce’s reported results to free cash flow:
               
      Three Months Ended December 31,     Year Ended December 31,  
      2024     2023     2024     2023  
      (In millions)  
    Net cash provided by operating activities $ 81.0     $ 89.9     $ 281.1     $ 219.5  
    Capital expenditures   (26.8 )     (26.1 )     (109.6 )     (114.4 )
    Free cash flow $ 54.2     $ 63.8     $ 171.5     $ 105.1  
                           
    Operating cash flow margin (a)   17.4 %     22.5 %     16.0 %     14.5 %
    Free cash flow margin (b)   11.7 %     16.0 %     9.7 %     6.9 %
                                   

    The following table reconciles Dayforce’s free cash flow guidance:

      Year Ended December 31,
    2025    		  
      Low range     High range  
      (In millions)  
    Net cash provided by operating activities $ 334     $ 339  
    Capital expenditures   (105 )     (105 )
    Free cash flow $ 229     $ 234  
               
    Operating cash flow margin (a)   17.4 %     17.5 %
    Free cash flow margin (b)   11.9 %     12.1 %
    (a) Operating cash flow margin is determined by calculating the percentage that operating cash flow is of total revenue.
    (b) Free cash flow margin is determined by calculating the percentage that free cash flow is of total revenue.
       

    Non-GAAP Financial Measures

    Dayforce uses certain non-GAAP financial measures in this release including:

    Non-GAAP Financial Measure   GAAP Financial Measure
    EBITDA   Net income
    Adjusted EBITDA   Net income
    Adjusted EBITDA margin   Net profit margin
    Adjusted Cloud recurring gross margin   Cloud recurring gross margin
    Adjusted operating profit   Operating profit
    Adjusted operating profit margin   Operating profit margin
    Adjusted net income   Net income
    Adjusted net profit margin   Net profit margin
    Adjusted diluted net income per share   Diluted net income per share
    Free cash flow   Net cash provided by operating activities
    Free cash flow margin   Operating cash flow margin
    Percentage change in revenue, including total revenue and revenue by solution, on a constant currency basis   Percentage change in revenue, including total revenue and revenue by solution
    Cloud annualized retention rate   No directly comparable GAAP measure
    Dayforce revenue retention rate   No directly comparable GAAP measure
    Dayforce recurring revenue per customer   No directly comparable GAAP measure
         

    Dayforce believes that these non-GAAP financial measures are useful to management and investors as supplemental measures to evaluate its overall operating performance including comparison across periods and with competitors. Dayforce’s management team uses these non-GAAP financial measures to assess operating performance because these financial measures exclude the results of decisions that are outside the normal course of its business operations, and are used for internal budgeting and forecasting purposes both for short- and long-term operating plans. Additionally, Adjusted EBITDA is a component of its management incentive plan and Adjusted Cloud recurring gross margin and Adjusted operating profit are components of certain performance based equity awards for its named executive officers. Additionally, Dayforce believes that the non-GAAP financial measure free cash flow is meaningful to investors because it is a measure of liquidity that provides useful information in understanding and evaluating the strength of Dayforce’s liquidity and future ability to generate cash that can be used for strategic opportunities or investing in its business. The exclusion of capital expenditures facilitates comparisons of Dayforce’s liquidity on a period-to-period basis and excludes items that management does not consider to be indicative of Dayforce’s liquidity.

    These non-GAAP financial measures are not required by, defined under, or presented in accordance with, GAAP, and should not be considered as alternatives to Dayforce’s results as reported under GAAP, have important limitations as analytical tools, and its use of these terms may not be comparable to similarly titled measures of other companies in its industry. Dayforce’s presentation of non-GAAP financial measures should not be construed to imply that its future results will be unaffected by similar items to those eliminated in this presentation. Please refer to Dayforce’s full financial results, including further discussion of non-GAAP financial measures, on the Investor Relations portion of its website at investors.dayforce.com.

    Dayforce defines its non-GAAP financial measures as follows:

    • EBITDA is defined as net income before interest, taxes, depreciation, and amortization, and Adjusted EBITDA is EBITDA, as adjusted to exclude share-based compensation expense and related employer taxes, and certain other items.
    • Adjusted EBITDA margin is determined by calculating the percentage Adjusted EBITDA is of total revenue.
    • Adjusted Cloud recurring gross margin is defined as Cloud recurring gross margin, as adjusted to exclude share-based compensation and related employer taxes, and certain other items, as a percentage of total Cloud recurring revenue.
    • Adjusted operating profit is defined as operating profit, as adjusted to exclude share-based compensation expense and related employer taxes, amortization of acquisition-related intangible assets, and certain other items.
    • Adjusted net income is defined as net income, as adjusted to exclude share-based compensation expense and related employer taxes, amortization of acquisition-related intangible assets, and certain other items, all of which are adjusted for the effect of income taxes.
    • Adjusted net profit margin is determined by calculating the percentage Adjusted net income is of total revenue.
    • Adjusted diluted net income per share is calculated by dividing adjusted net income by diluted weighted average common shares outstanding. When adjusted diluted net income per share is positive, diluted weighted average common shares outstanding incorporate the effect of dilutive equity instruments.
    • Free cash flow is defined as net cash provided by operating activities, as adjusted to exclude capital expenditures.
    • Free cash flow margin is determined by calculating the percentage that free cash flow is of total revenue.
    • Percentage change in revenue, including total revenue and revenue by solution, on a constant currency basis is calculated by applying the average foreign exchange rate in effect during the comparable prior period.
    • Cloud ARR is calculated by starting with recurring revenue at year end, excluding revenue from Ascender and eloomi, subtracting the once-a-year charges, annualizing the revenue for customers live for less than a full year to reflect the revenue that would have been realized if the customer had been live for a full year, and adding back the once-a-year charges. We have not reconciled Cloud ARR because there is no directly comparable GAAP financial measure.
    • Annual Dayforce revenue retention rate is calculated as a percentage, excluding Ascender and eloomi, where the numerator is the Dayforce ARR for the prior year, less the Dayforce ARR from lost Dayforce customers during that year; and the denominator is the Dayforce ARR for the prior year. We have not reconciled Annual Dayforce revenue retention rate because there is no directly comparable GAAP financial measure.
    • Dayforce recurring revenue per customer is an indicator of the average size of Dayforce recurring revenue customers. To calculate Dayforce recurring revenue per customer, we start with Dayforce recurring revenue on a constant currency basis by applying the same exchange rate to all comparable periods for the trailing twelve months and excludes float revenue, and Ascender, ADAM HCM, and eloomi revenue. This amount is divided by the number of live Dayforce customers at the end of the trailing twelve month period, excluding Ascender, ADAM HCM, and eloomi. We have not reconciled the Dayforce recurring revenue per customer because there is no directly comparable GAAP financial measure.

    Source: Dayforce, Inc.

    For further information, please contact:

    Investor Relations
    1-844-829-9499
    investors@dayforce.com

    Public Relations
    1-647-417-2117
    teri.murphy@dayforce.com

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  • MIL-OSI: The Hackett Group® Recognizes Employ as a Top Performer in its Talent Acquisition Software Provider Matrix™ 2025

    Source: GlobeNewswire (MIL-OSI)

    DENVER, Feb. 05, 2025 (GLOBE NEWSWIRE) — Employ Inc., a leading provider of people-first recruiting and talent acquisition solutions including JazzHR, Lever and Jobvite, today announces its inclusion in the Hackett Group® Digital World Class® Matrix focused on the talent acquisition software marketplace.

    The Talent Acquisition Digital World Class® Matrix provides an in-depth guide to some of the biggest talent acquisition technology providers and how their solutions impact companies’ operations, recruiting effectiveness, and ultimately the success of the workforce. The report evaluated 15 providers for their capabilities and value delivered to clients based on vendor briefings and extensive customer interviews across 29 different criteria.

    JazzHR, Lever and Jobvite stood out as talent acquisition “top performers” for having a breadth of capabilities, strong improvements in hiring metrics post-implementation and delivering strong value for different types of streamlined hiring needs, whether that’s deep and complex, flexible and broad, or quick and simple.

    According to the report, adoption of emerging technologies (including AI) has significantly propelled performance improvements in HR organizations for recruiting outcomes and broader talent management alignment. Additionally, the report states that leading TA solutions are investing heavily in AI enablement across the hiring lifecycle and continue to leverage the broader technology ecosystem to augment existing capabilities and provide HR organizations with holistic capability enablement.

    “Being recognized in the Hackett Group® Talent Acquisition Digital World Class® Matrix is a testament to our commitment to innovation and proof that our work is empowering organizations to deliver better business outcomes,” said Dara Brenner, Chief Product Officer, Employ. “This acknowledgement helps reinforce our leadership in the talent acquisition space as a vendor of choice offering our customers multiple, personalized solutions to choose from, not just one, and elevates the value and results we bring throughout the full recruiting lifecycle journey.”

    “Employ has made tremendous progress across its capabilities and the unique value that each product brings to market,” said Matthew Merker, Senior Research Director, Human Capital Management Market Intelligence, The Hackett Group. “They are listening and reacting to what today’s talent acquisition leaders and recruiters need, offering choice and optionality as it relates to selecting a solution provider. Their product lines and new go-to-market strategy position them for growth from SMB to the enterprise level going into 2025.”

    To learn more about Employ and its JazzHR, Lever and Jobvite solutions, visit www.employinc.com.

    To download a copy of the Hackett Group® report, click here.

    About Employ Inc.
    Employ Inc. provides people-first recruiting solutions that empower companies to overcome their greatest hiring challenges. Services SMBs to global enterprises, Employ focuses on the unique recruiting needs of each organization – from foundational hiring to sophisticated talent acquisition. Employ is the only organization to offer companies choice in their hiring solutions, providing a curated set of recruiting technologies and services. Together, Employ and its solutions (JazzHR, Lever, Jobvite) serve more than 23,000 customers across multiple industries. For more information, visit www.employinc.com.

    About The Hackett Group
    The Hackett Group, Inc. (NASDAQ: HCKT) is an IP and platform-based, Gen AI strategic consulting and executive advisory firm that enables Digital World Class® performance. Using AI XPLR™ and ZBrain™ – our ideation through implementation platforms – our experienced professionals help organizations realize the power of Gen AI and achieve quantifiable, breakthrough results, allowing us to be key architects of their Gen AI journey.

    The MIL Network –

  • MIL-OSI: Ethical Web AI appoints Tom Symonds as the new Chief Executive Officer

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 05, 2025 (GLOBE NEWSWIRE) — Ethical Web AI (d/b/a Bubblr Inc.) (OTC: BBLR), a leader in ethical technology innovation, proudly announces the appointment of Tom Symonds as Chief Executive Officer. Tom has been at the forefront of innovative technology for 25 years. He is a recognized pioneer in the field of immersive technology for enterprise, having founded Immerse.io and acted as CEO prior to joining Ethical Web. He also comes with a unique blend of corporate experience developed during his years at GE Capital and Sky, where he led the transformation of their internet presence. His passion for developing disruptive uses of technology to break open new market opportunities makes him uniquely suited to the company.

    Ethical Web’s previous CEO, Manfred Ebensberger, left the post for personal reasons. He remains a big supporter of the company and retains a keen interest in its progress.

    Steve Morris, CTO of Ethical Web AI, remarked:
    “Tom is the ideal CEO for the company, with deep experience in early-stage technology and a clear understanding of how to bring enterprise products to market. I have known Tom for over ten years. He was an early investor in the company, and I have always hoped he would join us as CEO. Thankfully, he joins at this pivotal moment and is focused on a completely new business plan and approach. Tom has already had a huge impact, shouldering a great deal of my work burden so I can focus on software development and IP. Tom has a fantastic proven record as a specialist CEO for companies focussed on delivering transformative new technologies.”

    Tom Symonds stated:
    “In my opinion, Steve Morris is a unique technical genius. While he is also a very humble guy (happiest described in those terms), his ability to come up with genuinely revolutionary software products and to secure this IP with patents puts Steve in the same bracket as the handful of genuine technology innovators who have changed the world. That said, Steve would be the first to agree that his skills should be focused on the product and not on CEO responsibilities. I have been working with Steve and his team for the past three months, and we will be completely pivoting the company’s priorities to focus on revenue. It is my ambition to make the company’s cash flow positive within six months. There are a few milestones we need to achieve both in the short and medium term. These include:

    • The launch of a new enterprise-only product will deliver secure and safe generative AI capabilities for 30% of enterprises that are currently banning the use of generative AI for fear of leaking sensitive data. This product is already under development, and we expect to launch it officially in the next few weeks.
    • Finalize a software development partnership with one of the major cloud hosting companies to deliver the product and provide the basis of a unique and powerful route to market. Again, we expect to be able to deliver this within a few weeks of the new product launch.
    • Revamp the company’s business plan, investment deck and website to reflect the new company direction. The business plan has already been updated, and the corporate investment deck is due to be completed in weeks. A new company website will immediately follow.
    • File a new patent at the US patent office that describes the unique techniques we use to prevent sensitive data from leaving the customer enterprise’s intranet. Again, we expect this patent to be filed in weeks.
    • Recruit a top-quality Chief Revenue Officer. Interviews for the role have already begun, and we expect to announce in the next few weeks.
    • Raise substantial new investment capital to ensure capital (in the order of $3m in total) to ensure the necessary expansion required to comply with the new business plan. Again, I am expecting we can deliver this funding within the next two months.
    • Engage with institutional investors with a view to uplisting to a superior exchange and for this to be executed this year.

    The new focus on revenue and enterprise sales does not diminish the actual value of Ethical Web AI, which lies in its Open-Source SaaS platform and its associated patents. This platform is so disruptive and so innovative that it has always been challenging to describe in simple terms. However, in my opinion, it is this platform that will eventually impel a global technology giant to acquire the company for billions of dollars. I am really looking forward to ensuring the company’s success, and I could not be happier in my current role. It is a wonderful and unique challenge.”

    About Ethical Web AI:

    Ethical Web AI is an ethical technology company championing an anonymous, safe, and fair new internet. We produce unique intellectual property and technology made defensible by our valuable utility software patents.

    Visit the new AI Seek website at https://www.aiseek.ai.

    For more information about our company and products, please visit our website at www.ethicalweb.ai.

    Media Contact:
    Steve Morris
    Bubblr, Inc.
    (646) 814 7184

    Safe Harbor Statement
    This press release contains 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. These forward-looking statements are based on the current plans and expectations of management. They are subject to several uncertainties and risks that could significantly affect the company’s current plans and expectations, future operations, and financial condition. The company reserves the right to update or alter its forward-looking statements, whether due to new information, future events or otherwise.

    The MIL Network –

  • MIL-OSI: Recent Draganfly Sales and Activities with Policing Agencies Signals Growing Focus on Northern (Canada) Border Security 

    Source: GlobeNewswire (MIL-OSI)

    Draganfly Confirms Its Strategic & Tactical Positioning and Preparedness for Growing Border Security Demand Amid Global Trade and Security Initiatives

    Saskatoon, SK., Feb. 05, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award‑winning leader in drone solutions and systems development, today confirms through recent sales activities its positioning and preparedness to support the enhancement of border security amid evolving global trade and security uncertainties and shifting geopolitical dynamics. Highlighting recent sales activities with policing agencies, Draganfly continues to strengthen its position to support border security with advanced drone technology solutions.

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

    Draganfly’s comprehensive product portfolio—featuring high‑resolution, electro-optical/infra-red and low-light sensors with real‑time data processing capabilities available in multiple tactical communication and control configurations—is designed to deliver multi-mission capabilities for challenging mission profiles. With an emphasis on North American‑made innovation, the Company is committed to supporting the security needs of government agencies and border authorities, ensuring that technology remains at the forefront of national security and economic stability.

    “As we continue to navigate an era of rapid geopolitical change, it is essential that both the public and private sectors collaborate to safeguard borders,” added Chell. “Draganfly is proud to be at the leading edge of this effort, leveraging our technological expertise to help create a more secure and resilient border.”

    About Draganfly

    Draganfly Inc. is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize how organizations operate and serve their stakeholders. With over 24 years of innovation, Draganfly is recognized as a leader in the public safety, agriculture, industrial inspections, security, mapping, and surveying markets. The Company’s commitment to ingenuity and first-class services drives its goal to save time, money, and lives across the globe.

    For more information on Draganfly, please visit Draganfly’s website. For additional investor information, visit:

    The CSE Listing
    NASDAQ Listing
    Frankfurt Listing

    Media Contact Erika Racicot Email: media@draganfly.com

    Company Contact Email: info@draganfly.com

    Forward-Looking Statements

    This release contains certain “forward looking statements” and certain “forward-looking ‎‎‎‎information” as ‎‎‎‎defined under applicable securities laws. Forward-looking statements ‎‎‎‎and information can ‎‎‎‎generally be identified by the use of forward-looking terminology such as ‎‎‎‎‎“may”, “will”, “expect”, “intend”, ‎‎‎‎‎“estimate”, “anticipate”, “believe”, “continue”, “plans” or similar ‎‎‎‎terminology. Forward-looking statements ‎‎‎‎and information are based on forecasts of future ‎‎‎‎results, estimates of amounts not yet determinable and ‎‎‎‎assumptions that, while believed by ‎‎‎‎management to be reasonable, are inherently subject to significant ‎‎‎‎business, economic and ‎‎‎‎competitive uncertainties and contingencies. Forward-looking statements ‎‎‎‎include, but are not ‎‎‎‎limited to, statements with respect to Draganfly’s comprehensive product portfolio’s ability to deliver multi-mission capabilities for challenging mission profiles. Forward-‎‎‎‎looking statements and information are subject to various ‎known ‎‎and unknown risks and ‎‎‎‎‎uncertainties, many of which are beyond the ability of the Company to ‎control or ‎‎predict, that ‎‎‎‎may cause ‎the Company’s actual results, performance or achievements to be ‎materially ‎‎different ‎‎‎‎from those ‎expressed or implied thereby, and are developed based on assumptions ‎about ‎‎such ‎‎‎‎risks, uncertainties ‎and other factors set out here in, including but not limited to: the potential ‎‎‎‎‎‎‎impact of epidemics, ‎pandemics or other public health crises, including the ‎COVID-19 pandemic, on the Company’s business, operations and financial ‎‎‎‎condition; the ‎‎‎successful integration of ‎technology; the inherent risks involved in the general ‎‎‎‎securities markets; ‎‎‎uncertainties relating to the ‎availability and costs of financing needed in the ‎‎‎‎future; the inherent ‎‎‎uncertainty of cost estimates; the ‎potential for unexpected costs and ‎‎‎‎expenses, currency ‎‎‎fluctuations; regulatory restrictions; and liability, ‎competition, loss of key ‎‎‎‎employees and other related risks ‎‎‎and uncertainties disclosed under the ‎heading “Risk Factors“ ‎‎‎‎in the Company’s most recent filings filed ‎‎‎with securities regulators in Canada on ‎the SEDAR ‎‎‎‎website at www.sedar.com and with the United States Securities and Exchange Commission (the “SEC”) on EDGAR through the SEC’s website at www.sec.gov. The Company undertakes ‎‎‎no obligation to update forward-‎looking ‎‎‎‎information except as required by applicable law. Such forward-‎‎‎looking information represents ‎‎‎‎‎managements’ best judgment based on information currently available. ‎‎‎No forward-looking ‎‎‎‎statement ‎can be guaranteed and actual future results may vary materially. ‎‎‎Accordingly, readers ‎‎‎‎are advised not to ‎place undue reliance on forward-looking statements or ‎‎‎information.‎

    The MIL Network –

  • MIL-OSI Asia-Pac: Hongkong Post to issue “Public Architecture in Hong Kong II” special stamps (with photos)

    Source: Hong Kong Government special administrative region

         â€‹Hongkong Post announced today (February 5) that a set of special stamps and associated philatelic products on the theme of “Public Architecture in Hong Kong II” will be released for sale on February 20 (Thursday).
          
         Public architecture is closely related to the daily lives of people. Following the “Public Architecture in Hong Kong” special stamps issued in 2016, Hongkong Post will present a set of six stamps and associated philatelic products themed “Public Architecture in Hong Kong II”. The stamps, which feature six distinctive public buildings, namely Che Kung Temple Sports Centre, Oi!, Woosung Street Temporary Cooked Food Hawker Bazaar, GREEN@WAN CHAI, Tai Po Lung Mei Beach Building and Hong Kong Children’s Hospital, highlight the innovative construction technologies and building designs that are inclusive and environmentally friendly.
                
         Official first day covers for “Public Architecture in Hong Kong II” will be on sale at all post offices and Hongkong Post’s online shopping mall ShopThruPost (shopthrupost.hongkongpost.hk) from tomorrow (February 6), while postcards will be available at philatelic offices only. This set of special stamps and associated philatelic products will be on sale at all post offices and ShopThruPost from February 20, while serviced first day covers affixed with the special stamps and maximum cards will be available at philatelic offices only.
          
         A hand-back date-stamping service will be provided on February 20 at all post offices for official first day covers/souvenir covers/privately made covers bearing the first day of issue indication and a local address.
          
         Information about this set of special stamps and associated philatelic products is available on the Hongkong Post Stamps website (stamps.hongkongpost.hk).                  

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: First application under New Industrialisation Acceleration Scheme supported by Vetting Committee and number of smart production lines supported under New Industrialisation Funding Scheme exceeding 100

    Source: Hong Kong Government special administrative region

    First application under New Industrialisation Acceleration Scheme supported by Vetting Committee and number of smart production lines supported under New Industrialisation Funding Scheme exceeding 100
    First application under New Industrialisation Acceleration Scheme supported by Vetting Committee and number of smart production lines supported under New Industrialisation Funding Scheme exceeding 100
    ******************************************************************************************

         The Innovation and Technology Commission (ITC) announced today (February 5) that the New Industrialisation Vetting Committee under the Innovation and Technology Fund (ITF) has supported an application under the New Industrialisation Acceleration Scheme (NIAS) submitted by Jean-Marie Pharmacal Company Limited, a subsidiary of the Jacobson Group, covering the life and health technology sector. The project plans to set up smart production lines for sterilised eye drops, oral solid dose and oral liquid dose. This is the first NIAS project supported by the Vetting Committee. The total cost of the project is projected to be around $600 million, and the expected NIAS funding amount involved will be around $200 million.           At the same time, the ITC announced that the number of new smart production lines supported by the Vetting Committee under the New Industrialisation Funding Scheme (NIFS) has exceeded 100 since the launch of NIFS, involving industries such as food manufacturing and processing (including health food), textiles and clothing, construction materials, medical devices, nanofiber materials, new energy, pharmaceutical (including Chinese medicine), electronics, printing and product accessories with a total estimated project cost of around $1.3 billion, of which $930 million came from private investment.           The Secretary for Innovation, Technology and Industry, Professor Sun Dong, said, “The Government proactively engages in innovation and technology (I&T) industry development. By launching the NIFS and the NIAS, we aim to promote new industrialisation and secure room for high-quality development in Hong Kong. We are glad to see that enterprises are actively participating in the two funding schemes, making use of I&T to achieve smart production and enhance competitiveness. The Government will continue to assist more enterprises to set up new smart production facilities in Hong Kong and support local enterprises in technology upgrade and achieving new industrialisation, so as to foster the development of Hong Kong’s manufacturing industry and diversified economy.”           The Chief Executive announced in the 2023 Policy Address the establishment of the $10 billion NIAS, which was launched in September 2024. The NIAS provides funding support on a 1 (Government): 2 (enterprise) matching basis for enterprises engaging in industries of strategic importance (i.e. life and health technology, artificial intelligence and data science, advanced manufacturing and new energy technologies) and contributing no less than $200 million to set up new smart production facilities in Hong Kong. For each project, the minimum total project cost is $300 million. The enterprise has to contribute no less than $200 million, and the Government will cover a maximum of one-third of the total approved project cost or $200 million, whichever is lower. Each enterprise can receive up to $200 million in funding under the NIAS.           In addition, the Government encourages enterprises with approved projects under the NIAS to carry out research or increase their scale of research in Hong Kong by providing additional funding for them to engage research talent, as well as facilitating such enterprises in employing non-local talent required for setting up or operating the new production facilities in Hong Kong.           The NIFS aims to subsidise manufacturers on a 1 (Government): 2 (enterprise) matching basis to set up new smart production lines in Hong Kong. The funding ceiling for each project is one-third of the total project cost or $15 million, whichever is lower. Each enterprise can carry out up to three projects concurrently to receive a maximum total funding of up to $45 million under the NIFS.           The NIAS and the NIFS are open for applications throughout the year. Details are available on the website of the Innovation and Technology Fund (www.itf.gov.hk). For enquiries, please contact the Secretariat of the schemes (Tel: 3655 5678; email: enquiry@itf.gov.hk).

     
    Ends/Wednesday, February 5, 2025Issued at HKT 11:50

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: IICA and CMAI Sign MoU to Enhance Capacity for Decarbonisation

    Source: Government of India (2)

    IICA and CMAI Sign MoU to Enhance Capacity for Decarbonisation

    Shri Nitin Gadkari, Minister for Road, Transport & Highways, Graced the Day 1 of the IICA-CMAI Masterclass on Global & Indian Carbon Markets

    Under the agreement, CMAI and IICA will collaborate on Training Programmes, Joint Research, Conferences and Policy Advocacy on Carbon markets, low-carbon industrial solutions, and sustainable finance

    Posted On: 05 FEB 2025 5:10PM by PIB Delhi

    In a significant step towards strengthening India’s carbon markets and advancing decarbonisation efforts, the Indian Institute of Corporate Affairs (IICA) and Carbon Market Association of India (CMAI) have signed a Memorandum of Understanding (MoU) in New Delhi. The landmark agreement was announced on the inaugural day of the IICA-CMAI Masterclass on Global & Indian Carbon Markets on 4th February, graced by Shri Nitin Gadkari, Minister for Road, Transport & Highways, Government of India, who emphasized the pivotal role of biofuels and green hydrogen in shaping India’s economic and environmental future.

    He shared pilot projects related to Bio Bitumin, Bio Aviation-fuel, Bio CNG and highlighted that “Conversion of Knowledge into wealth is the future and No Material is waste”. While emphasizing the importance of PPP, he shared that “Hydrogen is fuel for the future”. The Minister also shared his vision for the cost of hydrogen to be 1 dollar per kg, which he is confident India will be the pioneering nation to achieve due to its state-of-the-art research and development initiatives in this field. While citing landmark initiatives being undertaken related to the biofuels and alternative fuels, he  also mentioned that though the initial cost of capital and technology seems high but significant research is currently underway which will eventually unleash as well as lead to the realisation of its true potential. He further highlighted the government’s commitment to developing a diversified biofuels sector, acknowledging the vast potential of various fuels to create a cleaner, more sustainable energy landscape and soon India will become a Green Hydrogen exporting country. At the end, he congratulated the organisation for launching the Sustainable Aviation Fuel (SAF) Alliance and the capacity building initiatives in this domain.

     

    Dr. Garima Dadhich, Head, School of Business Environment, IICA, stated that the IICA Certificate Programme in Decarbonisation will be focused on creating a pool of corporates with advanced expertise to develop carbon offset mechanisms for climate mitigation, as well as integrate long-term strategy to decarbonise their operations.

    Mr Manish Dabkara, President, CMAI remarked that the MoU with IICA marks a significant step towards building a robust ecosystem for carbon markets in India. Training programs, research opportunities, workshops, and conferences are a huge part of accelerating sustainable business initiatives. CMAI is looking forward to a successful partnership in this area. Mr. Rohit Kumar, Secretary General, CMAI remarked that awareness has been a major challenge in this area. By combining CMAI’s industry expertise with IICA’s institutional strength, the collaboration will aim to create impactful learning opportunities that will help accelerate India’s transition to a low-carbon economy.

    This strategic partnership aims to equip industry professionals, policymakers and academicians with the necessary knowledge and expertise to navigate India’s evolving carbon markets.  CMAI, a leading industry association focused on accelerating sustainable business initiatives, will serve as the knowledge partner to IICA, a think tank under the Ministry of Corporate Affairs, to support the growth and development of the corporate sector in India.

    Under the agreement, CMAI and IICA will collaborate on:

    • Training Programmes: Developing and delivering courses on carbon markets, low-carbon industrial solutions, and sustainable finance.
    • Joint Research: Conducting studies and publishing insights on decarbonisation strategies and carbon trading mechanisms.
    • Workshops and Conferences: Organising events to facilitate dialogue among industry stakeholders, policymakers, and academics.
    • Policy Advocacy: Supporting regulatory and policy frameworks that drive India’s net zero ambitions.

    The Day 1 of the Masterclass witnessed the participation of more than 70 professionals from leading corporates, PSUs as well as delegations from governmental bodies, embassies and international organisations. The Masterclass on Global and Indian Carbon Markets is being organised by IICA as part of the India Climate Week. Ms. Shivangi Vashishta, Senior Research Associate, School of Business Environment, IICA, led a case-study based discussion which led to enhanced delegate engagement. The Day 1 of the Masterclass concluded with an insightful session from Managing Partner, ERM India. The Day 2 of the Masterclass will witness a series of sessions on International Carbon Markets.

    About Indian Institute of Corporate Affairs (IICA):

    The Indian Institute of Corporate Affairs (IICA), is an autonomous institution under the aegis of the Ministry of Corporate Affairs. School of Business Environment (SBE) is a specialised vertical within IICA promoting the responsible business conduct focusing on the forward-looking areas of Environmental-Social-Governance (ESG), Corporate Social Responsibility (CSR), Sustainable Finance, Business & Biodiversity Conservation, Business and Human Rights, Responsible Trade, ESG Audit & Assurance and other aligned areas.

    Contact: https://iica.nic.in/, sobe@iica.in or 0124-2640044

    About Carbon Market Association of India (CMAI):

    The Carbon Markets Association of India (CMAI) is a leading not-for-profit industry group driving India’s transition to a net-zero future by decarbonising hard-to-abate sectors. Collaborating with key ministries like MoEFCC, MoP, MNRE, and NITI Aayog, CMAI provides policy advocacy, capacity building, and knowledge support.

    Contact: https://cma-india.in/, secretary@cma-india.in or +91 98117 79580

    ****

    NB/AD

    (Release ID: 2100046) Visitor Counter : 65

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: [EXTERNAL] Office of the Governor — News Release — Governor Green Travels to Florida; Leads Discussions on Crisis Resolution, Recovery

    Source: US State of Hawaii

    [EXTERNAL] Office of the Governor — News Release — Governor Green Travels to Florida; Leads Discussions on Crisis Resolution, Recovery

    Posted on Feb 4, 2025 in Latest Department News, Newsroom, Office of the Governor Press Releases

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

    GOVERNOR GREEN TO TRAVEL TO FLORIDA TO LEAD DISCUSSIONS ON CRISIS RESOLUTION AND RECOVERY AT INTERNATIONAL CONFERENCE
     

    FOR IMMEDIATE RELEASE
    February 4, 2025

    HONOLULU — Governor Josh Green, M.D., will travel to lead discussions on Alternative Dispute Resolution at the International Institute for Crisis Prevention and Resolution’s annual meeting in Florida. As part of the panel, Governor Green will share valuable insights and best practices drawn from the state’s response to the August 2023 Maui wildfires, offering a perspective on how Hawai‘i is navigating its recovery. Additionally, Governor Green will meet with experts in mental health and the justice system who have developed national best practice approaches to crisis response, deflection from arrest, and diversion into services and housing for individuals with complex health and mental needs, many of whom are experiencing homelessness.

    Even while traveling, Governor Green’s first obligation is to Hawai‘i, ensuring he remains fully engaged in his duties including meetings, calls and administrative responsibilities with the executive Cabinet.

    The Governor will depart Hawai‘i on Tuesday evening, February 4, 2025, and return on Friday afternoon, February 7, 2025. During his absence, Lieutenant Governor Sylvia Luke will serve as Acting Governor.

    # # # 

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

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

    MIL OSI USA News –

  • MIL-OSI: YieldMax™ ETFs Announces Distributions on NFLY ($1.0705), CONY ($1.0468), PYPY ($0.6665), YMAX ($0.1944), YMAG ($0.1862) and Others

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, MILWAUKEE and NEW YORK, Feb. 05, 2025 (GLOBE NEWSWIRE) — YieldMax™ today announced distributions for the YieldMax™ Weekly Payers and Group C ETFs listed in the table below.

    ETF Ticker1 ETF Name Reference Asset Distribution per Share Distribution Frequency Ex-Date & Record Date Payment Date
    GPTY* YieldMax™ AI & Tech Portfolio Option Income ETF Multiple $0.3353 Weekly 2/7/2025 2/10/2025
    LFGY YieldMax™ Crypto Industry & Tech Portfolio Option Income ETF Multiple $0.6280 Weekly 2/6/2025 2/7/2025
    YMAX YieldMax™ Universe Fund of Option Income ETFs Multiple $0.1944 Weekly 2/6/2025 2/7/2025
    YMAG YieldMax™ Magnificent 7 Fund of Option Income ETFs Multiple $0.1862 Weekly 2/6/2025 2/7/2025
    CONY YieldMax™ COIN Option Income Strategy ETF COIN $1.0468 Every 4 Weeks 2/6/2025 2/7/2025
    FIAT YieldMax™ Short COIN Option Income Strategy ETF COIN $0.5498 Every 4 Weeks 2/6/2025 2/7/2025
    MSFO YieldMax™ MSFT Option Income Strategy ETF MSFT $0.3615 Every 4 Weeks 2/6/2025 2/7/2025
    AMDY YieldMax™ AMD Option Income Strategy ETF AMD $0.3812 Every 4 Weeks 2/6/2025 2/7/2025
    NFLY YieldMax™ NFLX Option Income Strategy ETF NFLX $1.0705 Every 4 Weeks 2/6/2025 2/7/2025
    ABNY YieldMax™ ABNB Option Income Strategy ETF ABNB $0.4033 Every 4 Weeks 2/6/2025 2/7/2025
    PYPY YieldMax™ PYPL Option Income Strategy ETF PYPL $0.6665 Every 4 Weeks 2/6/2025 2/7/2025
    ULTY YieldMax™ Ultra Option Income Strategy ETF Multiple $0.5369 Every 4 Weeks 2/6/2025 2/7/2025
    CVNY** YieldMax™ CVNA Option Income Strategy ETF CVNA   – Every 4 Weeks – –
    Weekly Payers & Group D ETFs scheduled for next week: GPTY LFGY YMAX YMAG MSTY YQQQ AMZY APLY AIYY DISO SQY SMCY

    Note: DIPS, FIAT, CRSH and YQQQ are hereinafter referred to as the “Short ETFs”.

    You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from period to period and may be zero.

    Investors in the Funds will not have rights to receive dividends or other distributions with respect to the underlying reference asset(s).

    *GPTY’s nonstandard dates are for this distribution only. The dates for GPTY’s future distributions will be those set forth in the YieldMax Distribution Schedule.

    **The inception date for CVNY is January 29, 2025.

    1Each ETF’s strategy (except those of the Short ETFs) will cap potential gains if its reference asset’s shares increase in value, yet subjects an investor to all potential losses if the reference asset’s shares decrease in value. Such potential losses may not be offset by income received by the ETF. Each Short ETF’s strategy will cap potential gains if its reference asset decreases in value, yet subjects an investor to all potential losses if the reference asset increases in value. Such potential losses may not be offset by income received by the ETF.

    Each Fund has a limited operating history and while each Fund’s objective is to provide current income, there is no guarantee the Fund will make a distribution. Distributions are likely to vary greatly in amount.

    Important Information

    Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about each Fund, visit our website at www.YieldMaxETFs.com. Read the prospectus or summary prospectus carefully before investing.

    There is no guarantee that any Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment in any such Fund.

    Tidal Financial Group is the adviser for all YieldMax™ ETFs.

    THE FUND, TRUST, AND ADVISER ARE NOT AFFILIATED WITH ANY UNDERLYING REFERENCE ASSET.

    Risk Disclosures (applicable to all YieldMax ETFs referenced above, except the Short ETFs)

    YMAX, YMAG, FEAT and FIVY generally invest in other YieldMax™ ETFs. As such, these two Funds are subject to the risks listed in this section, which apply to all the YieldMax™ ETFs they may hold from time to time.

    Investing involves risk. Principal loss is possible.

    Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent that the Fund participates in the positive price returns of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold call options and over longer periods.

    Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

    Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of call option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the underlying reference asset over the Call Period.

    Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, which focuses on an individual security (ARKK, TSLA, AAPL, NVDA, AMZN, META, GOOGL, NFLX, COIN, MSFT, DIS, XOM, JPM, AMD, PYPL, SQ, MRNA, AI, MSTR, Bitcoin ETP, GDX®, SNOW, ABNB, BABA, TSM, SMCI, PLTR, MARA, CVNA), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

    Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

    Risk Disclosures (applicable only to GPTY)

    Artificial Intelligence Risk. Issuers engaged in artificial intelligence typically have high research and capital expenditures and, as a result, their profitability can vary widely, if they are profitable at all. The space in which they are engaged is highly competitive and issuers’ products and services may become obsolete very quickly. These companies are heavily dependent on intellectual property rights and may be adversely affected by loss or impairment of those rights. The issuers are also subject to legal, regulatory and political changes that may have a large impact on their profitability. A failure in an issuer’s product or even questions about the safety of the product could be devastating to the issuer, especially if it is the marquee product of the issuer. It can be difficult to accurately capture what qualifies as an artificial intelligence company.

    Technology Sector Risk. The Fund will invest substantially in companies in the information technology sector, and therefore the performance of the Fund could be negatively impacted by events affecting this sector. Market or economic factors impacting technology companies and companies that rely heavily on technological advances could have a significant effect on the value of the Fund’s investments. The value of stocks of information technology companies and companies that rely heavily on technology is particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation and competition, both domestically and internationally, including competition from foreign competitors with lower production costs. Stocks of information technology companies and companies that rely heavily on technology, especially those of smaller, less-seasoned companies, tend to be more volatile than the overall market. Information technology companies are heavily dependent on patent and intellectual property rights, the loss or impairment of which may adversely affect profitability.

    Risk Disclosure (applicable only to MARO)

    Digital Assets Risk: The Fund does not invest directly in Bitcoin or any other digital assets. The Fund does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. The Fund does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than the Fund. Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility.

    Risk Disclosures (applicable only to BABO and TSMY)

    Currency Risk: Indirect exposure to foreign currencies subjects the Fund to the risk that currencies will decline in value relative to the U.S. dollar. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad.

    Depositary Receipts Risk: The securities underlying BABO and TSMY are American Depositary Receipts (“ADRs”). Investment in ADRs may be less liquid than the underlying shares in their primary trading market.

    Foreign Market and Trading Risk: The trading markets for many foreign securities are not as active as U.S. markets and may have less governmental regulation and oversight.

    Foreign Securities Risk: Investments in securities of non-U.S. issuers involve certain risks that may not be present with investments in securities of U.S. issuers, such as risk of loss due to foreign currency fluctuations or to political or economic instability, as well as varying regulatory requirements applicable to investments in non-U.S. issuers. There may be less information publicly available about a non-U.S. issuer than a U.S. issuer. Non-U.S. issuers may also be subject to different regulatory, accounting, auditing, financial reporting and investor protection standards than U.S. issuers.

    Risk Disclosures (applicable only to GDXY)

    Risk of Investing in Foreign Securities. The Fund is exposed indirectly to the securities of foreign issuers selected by GDX®’s investment adviser, which subjects the Fund to the risks associated with such companies. Investments in the securities of foreign issuers involve risks beyond those associated with investments in U.S. securities.

    Risk of Investing in Gold and Silver Mining Companies. The Fund is exposed indirectly to gold and silver mining companies selected by GDX®’s investment adviser, which subjects the Fund to the risks associated with such companies.

    The Fund invests in options contracts based on the value of the VanEck Gold Miners ETF (GDX®), which subjects the Fund to some of the same risks as if it owned GDX®, as well as the risks associated with Canadian, Australian and Emerging Market Issuers, and Small-and Medium-Capitalization companies.

    Risk Disclosures (applicable only to YBIT)

    YBIT does not invest directly in Bitcoin or any other digital assets. YBIT does not invest directly in derivatives that track the performance of Bitcoin or any other digital assets. YBIT does not invest in or seek direct exposure to the current “spot” or cash price of Bitcoin. Investors seeking direct exposure to the price of Bitcoin should consider an investment other than YBIT.

    Bitcoin Investment Risk: The Fund’s indirect investment in Bitcoin, through holdings in one or more Underlying ETPs, exposes it to the unique risks of this emerging innovation. Bitcoin’s price is highly volatile, and its market is influenced by the changing Bitcoin network, fluctuating acceptance levels, and unpredictable usage trends.

    Digital Assets Risk: Digital assets like Bitcoin, designed as mediums of exchange, are still an emerging asset class. They operate independently of any central authority or government backing and are subject to regulatory changes and extreme price volatility. Potentially No 1940 Act Protections. As of the date of this Prospectus, there is only a single eligible Underlying ETP, and it is an investment company subject to the 1940 Act.

    Bitcoin ETP Risk: The Fund invests in options contracts that are based on the value of the Bitcoin ETP. This subjects the Fund to certain of the same risks as if it owned shares of the Bitcoin ETP, even though it does not. Bitcoin ETPs are subject, but not limited, to significant risk and heightened volatility. An investor in a Bitcoin ETP may lose their entire investment. Bitcoin ETPs are not suitable for all investors. In addition, not all Bitcoin ETPs are registered under the Investment Company Act of 1940. Those Bitcoin ETPs that are not registered under such statute are therefore not subject to the same regulations as exchange traded products that are so registered.

    Risk Disclosures (applicable only to the Short ETFs)

    Investing involves risk. Principal loss is possible.

    Price Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the value of the underlying reference asset. This strategy subjects the Fund to certain of the same risks as if it shorted the underlying reference asset, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the value of the underlying reference asset, the Fund is subject to the risk that the value of the underlying reference asset increases. If the value of the underlying reference asset increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses.

    Put Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s put writing (selling) strategy will impact the extent that the Fund participates in decreases in the value of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold put options and over longer periods.

    Purchased OTM Call Options Risk. The Fund’s strategy is subject to potential losses if the underlying reference asset increases in value, which may not be offset by the purchase of out-of-the-money (OTM) call options. The Fund purchases OTM calls to seek to manage (cap) the Fund’s potential losses from the Fund’s short exposure to the underlying reference asset if it appreciates significantly in value. However, the OTM call options will cap the Fund’s losses only to the extent that the value of the underlying reference asset increases to a level that is at or above the strike level of the purchased OTM call options. Any increase in the value of the underlying reference asset to a level that is below the strike level of the purchased OTM call options will result in a corresponding loss for the Fund. For example, if the OTM call options have a strike level that is approximately 100% above the then-current value of the underlying reference asset at the time of the call option purchase, and the value of the underlying reference asset increases by at least 100% during the term of the purchased OTM call options, the Fund will lose all its value. Since the Fund bears the costs of purchasing the OTM calls, such costs will decrease the Fund’s value and/or any income otherwise generated by the Fund’s investment strategy.

    Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying reference asset, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political, changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

    Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will participate in decreases in value experienced by the underlying reference asset over the Put Period.

    Single Issuer Risk. Issuer-specific attributes may cause an investment in the Fund to be more volatile than a traditional pooled investment which diversifies risk or the market generally. The value of the Fund, for any Fund that focuses on an individual security (e.g., TSLA, COIN, NVDA), may be more volatile than a traditional pooled investment or the market as a whole and may perform differently from the value of a traditional pooled investment or the market as a whole.

    Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

    Risk Disclosures (applicable only to YQQQ)

    Index Overview. The Nasdaq 100 Index is a benchmark index that includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, based on market capitalization.

    Index Level Appreciation Risk. As part of the Fund’s synthetic covered put strategy, the Fund purchases and sells call and put option contracts that are based on the Index level. This strategy subjects the Fund to certain of the same risks as if it shorted the Index, even though it does not. By virtue of the Fund’s indirect inverse exposure to changes in the Index level, the Fund is subject to the risk that the Index level increases. If the Index level increases, the Fund will likely lose value and, as a result, the Fund may suffer significant losses. The Fund may also be subject to the following risks: innovation and technological advancement; strong market presence of Index constituent companies; adaptability to global market trends; and resilience and recovery potential.

    Index Level Participation Risk. The Fund employs an investment strategy that includes the sale of put option contracts, which limits the degree to which the Fund will benefit from decreases in the Index level experienced over the Put Period. This means that if the Index level experiences a decrease in value below the strike level of the sold put options during a Put Period, the Fund will likely not experience that increase to the same extent and any Fund gains may significantly differ from the level of the Index losses over the Put Period. Additionally, because the Fund is limited in the degree to which it will participate in decreases in value experienced by the Index level over each Put Period, but has significant negative exposure to any increases in value experienced by the Index level over the Put Period, the NAV of the Fund may decrease over any given period. The Fund’s NAV is dependent on the value of each options portfolio, which is based principally upon the inverse of the performance of the Index level. The Fund’s ability to benefit from the Index level decreases will depend on prevailing market conditions, especially market volatility, at the time the Fund enters into the sold put option contracts and will vary from Put Period to Put Period. The value of the options contracts is affected by changes in the value and dividend rates of component companies that comprise the Index, changes in interest rates, changes in the actual or perceived volatility of the Index and the remaining time to the options’ expiration, as well as trading conditions in the options market. As the Index level changes and time moves towards the expiration of each Put Period, the value of the options contracts, and therefore the Fund’s NAV, will change. However, it is not expected for the Fund’s NAV to directly inversely correlate on a day-to-day basis with the returns of the Index level. The amount of time remaining until the options contract’s expiration date affects the impact that the value of the options contracts has on the Fund’s NAV, which may not be in full effect until the expiration date of the Fund’s options contracts. Therefore, while changes in the Index level will result in changes to the Fund’s NAV, the Fund generally anticipates that the rate of change in the Fund’s NAV will be different than the inverse of the changes experienced by the Index level.

    YieldMax™ ETFs are distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Tidal Financial Group, YieldMax™ ETFs.

    © 2025 YieldMax™ ETFs

    The MIL Network –

  • MIL-OSI Europe: Written question – Italy’s violation of the European Media Freedom Act – E-000339/2025

    Source: European Parliament

    Question for written answer  E-000339/2025
    to the Commission
    Rule 144
    Sandro Ruotolo (S&D)

    On Friday 24 January, the CEO of RAI – whose top managers are appointed by the Government, an arrangement at odds with Article 5 of the European Media Freedom Act (EMFA) – sent out a circular announcing the designation of ‘editorial managers’ for all of the national broadcaster’s programmes.

    The decision has been met with strong criticism, especially by the Union of RAI Journalists, USIGRAI, which labelled the move an attempt to control the state broadcaster’s editorial line by curbing the autonomy of its presenters and directors.

    We cannot let RAI become a tool in the hands of whichever government is in office, especially given the existence of EU regulations like the EMFA.

    The decision to directly manage Italy’s public broadcaster will compromise its editorial independence and impartiality and is a blatant violation of Article 3 of the EMFA. Having come into force on 8 November 2024, Article 3 obliges Member States to ensure that recipients of media services in the Union have ‘the right to receive a plurality of news and current affairs content, produced with respect for editorial freedom of media service providers’.

    In the light of the above:

    • 1.Does the Commission not agree that the RAI CEO’s decision is a flagrant breach of EU media legislation?
    • 2.If it does, what steps will it take to ensure that the Italian government complies with the EMFA?

    Submitted: 27.1.2025

    Last updated: 5 February 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Europe lags behind in the development of Artificial Intelligence – E-000341/2025

    Source: European Parliament

    Question for written answer  E-000341/2025
    to the Commission
    Rule 144
    Nikolaos Anadiotis (NI)

    Europe[1] appears to be significantly lagging behind in investment in and development of Artificial Intelligence (AI) technologies compared to the United States and China[2] and the competition between them[3], impacting not only technological progress but also the ability to attract skilled human resources. This has negative implications for the future of the EU.

    In this context, what are the Commission’s strategies for: a) strengthening investment in the field of AI in order to make Europe competitive at the global level, b) creating an attractive framework to draw in talent and develop skills in AI within Europe, and c) promoting ethics, transparency and security in AI technologies, as well as harmonising their development and use with the values and rights of European citizens?

    Submitted: 27.1.2025

    • [1] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:52024SA0008(01)
    • [2] https://github.com/deepseek-ai/DeepSeek-R1
    • [3] https://breakingthenews.net/Article/Nasdaq-futures-tumble-3-amid-DeepSeek-concerns/63416020
    Last updated: 5 February 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Oral question – US AI chip export restrictions: a challenge to European AI development and economic resilience – O-000001/2025

    Source: European Parliament

    Question for oral answer  O-000001/2025
    to the Commission
    Rule 142
    Borys Budka
    on behalf of the Committee on Industry, Research and Energy

    The recent US decision to impose export restrictions on advanced AI chips and AI model weights poses a significant challenge for the functioning of the EU’s single market, economic resilience and technological sovereignty. Categorising EU Member States into different tiers undermines the principles of the EU’s common commercial policy and jeopardises the EU’s common approach to AI development and industrial capacity building. Consequently:

    • 1.What is the impact of these measures on the implementation of the Chips Act, specifically for the third pillar (monitoring and crisis response), and on the AI factories initiative? What adaptation measures is the Commission considering?
    • 2.How does the Commission plan to mitigate the potential negative impacts on Member States facing export caps, and on European technological development in general?
    • 3.What concrete steps is the Commission taking to further accelerate the development of EU’s domestic AI chip production capabilities to reduce dependence on external suppliers and strengthen EU economic resilience?
    • 4.The Competitiveness Compass makes only limited references to semiconductors. Is the Commission considering an update to the Chips Act to further support and accelerate investments in Europe’s semiconductor ecosystem?
    • 5.Is the Commission planning to bring forward the recently announced centre for excellence and research for AI? If so, how and when is it due to be implemented?

    Submitted: 31.1.2025

    Lapses: 1.5.2025

    Last updated: 5 February 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – The European Competitiveness Fund: strengthening EU leadership in strategic technologies – E-000297/2025

    Source: European Parliament

    Question for written answer  E-000297/2025
    to the Commission
    Rule 144
    Dan-Ştefan Motreanu (PPE)

    The European Competitiveness Fund is a key initiative proposed by the Commission to enhance the EU’s global competitiveness. The aim of the fund is to provide investment in critical technologies such as artificial intelligence, clean industry and biotechnology, which are essential for driving innovation and economic growth.

    Commission President Ursula von der Leyen has confirmed that the fund will be integrated into the EU’s budget for the 2028-2034 period. This strategic allocation underscores the EU’s commitment to securing its technological sovereignty and promoting sustainable development.

    A recent study by the Green Economics Institute, conducted in collaboration with Cambridge Econometrics, suggests that the European Competitiveness Fund should align with the US Inflation Reduction Act in terms of GDP percentage – equivalent to 1.38 %. This would amount to EUR 237 billion over seven years, highlighting the scale of investment required to maintain competitiveness in global markets.

    What specific funding allocation does the Commission envision for the European Competitiveness Fund, considering these recommendations and the need to address critical sectors essential for the EU’s long-term economic resilience?

    Submitted: 23.1.2025

    Last updated: 5 February 2025

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: New AI technology reveals road safety risks across the West Midlands

    Source: City of Coventry

    Coventry City Council has partnered with the West Midlands Combined Authority to bring a new artificial intelligence (AI) technology to the city, detecting near misses between drivers and pedestrians.

    It’s part of a region-wide pilot scheme to improve safety and save lives with Grange Road in Longford being one of 40 existing sensors across the West Midlands that has been upgraded with the Smart Road Safety and Near Miss technology.

    VivaCity’s AI-powered vision sensors detect and record near misses, such as when a vehicle passes within inches of a slower-moving pedestrian or cyclist. By using object speed and path data to estimate collision risks between road users it means potential collision hot spots can be identified before someone is hurt.

    The technology has been impactful in guiding Coventry’s road safety work so far, influencing work to install a pedestrian refuge on Grange Road, following several near misses being recorded by the AI technology.

    Until now, highway planners have had to use data from collisions that have already happened when deciding where to install safe crossings or speed reduction measures.

    The analysis provided by the award-winning technology is being used by Transport for West Midlands (TfWM) and VivaCity to determine where safety measures are needed across the region.

    Richard Parker, Mayor of the West Midlands, said: “One life lost on our roads is one too many. That’s why I’m committed to Vision Zero – no more deaths on our roads.

    “We need to use every tool available to make journeys safer for everyone in the West Midlands.  This new AI technology is helping us prevent collisions before they happen, protecting pedestrians, cyclists, and drivers. And Coventry is leading the way as the first place to roll out measures that have been guided by high-tech AI.”

    Cllr Patricia Hetherton, Cabinet Member for City Services, said: “I’m pleased that we could partner with the combined authority and VivaCity on this road safety initiative. Anything that helps us prevent accidents or reduce their severity is welcomed by me. And as a result of this new clever technology and some cash from Transport for West Midlands, we will be narrowing the junction at Grange Road and adding a refuge in the middle so pedestrians can cross in two parts.

    “Of course, we still need a focus on dealing with areas where accidents have happened – but this new technology will be really helpful as part of a co-ordinated approach to improving the safety of all road users in Coventry.”

    Latest provisional figures show that while road deaths in the West Midlands have fallen by 12% over the last two years, 43% of all fatalities were pedestrians, highlighting the need for further measures to protect vulnerable road users.

    The AI near-miss sensors build on the Regional Road Safety Action Plan’s broader crackdown on dangerous driving, complementing other actions such as additional funding for extra staff to review speed cameras and dashcam footage.

    Wednesday, 5th February 2025

    MIL OSI United Kingdom –

  • MIL-OSI: Newsela Acquires Generation Genius to Enhance Real-World Connections in Science and Math

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 05, 2025 (GLOBE NEWSWIRE) — Newsela, a leading provider of high-quality instructional and assessment products for K-12, announced today that the company has acquired Generation Genius, a trusted educational streaming platform for K-8 science and math videos, activities, and lessons. With Generation Genius in its suite of products, Newsela continues to make it easier to deliver meaningful learning across all core subjects.

    “We’re thrilled to welcome Generation Genius into the Newsela family. Our company launched with the idea that the foundation to learning is enabling students to make real-world connections through engaging, accessible content. This addition is another step towards deepening our impact on student outcomes and supporting teachers in what they do best,” said Pep Carrera, Chief Executive Officer at Newsela.

    “Generation Genius was created to get kids excited to learn science by delivering inspiring lessons to classrooms across the country. To do that, we created the highest quality educational videos in the industry, earning us an Emmy nomination along the way. Now, teaming up with Newsela means we can reach even more students to further our mission. We’re excited to continue providing the standards-aligned resources schools know and love at an even greater scale,” said Dr. Jeff Vinokur, Founder and Chief Executive Officer at Generation Genius.

    Generation Genius was founded in 2017 by Dr. Jeff Vinokur, a scientist who earned his PhD in Biochemistry from UCLA and TV personality, and co-founder Eric S. Rollman, an Emmy-winning children’s TV executive. Generation Genius was created to modernize educational science videos used in schools. Dr. Jeff, known for his appearances on Good Morning America and NBC’s Today Show, saw that science videos in schools were decades outdated so he set out to create fresh, engaging content for today’s generation. Generation Genius quickly found traction, earning the #1 spot in the education industry on the Inc. 500 list in 2022 and landing on Time Magazine’s TIME100’s list of the most influential companies in the world in 2023. Today, Generation Genius is used in 30% of elementary schools across the U.S.

    Combining Newsela’s differentiated, standards-aligned content, writing assignments, and robust assessment capabilities with Generation Genius’s engaging science and math lessons, Newsela will deliver a new experience that empowers students to read deeply, write confidently, think critically, and demonstrate their learning—all while driving measurable results aligned to educators’ goals. The company plans to share more later this year about how they’ll bring this vision to life.

    The acquisition of Generation Genius continues another year of exciting updates from Newsela. Just over a year ago, Newsela acquired Formative, a fast-growing assessment tool that powers real-time feedback, standards-aligned activities, and reporting for districts. The team has continued to release updates to Formative’s standalone product including practice sets, teacher-based lessons, AI supports, and more. They’ve also expanded Formative’s offerings with a newly launched Balanced Assessment Suite, which provides everything a district needs to connect daily instruction with district-wide assessments and data, driving better insights that inform teaching, learning, and decision-making at every level.

    Newsela also recently launched a new AI-powered writing solution, Newsela Writing, that enables teachers of all subject areas to support writing practice in their classrooms. With early enthusiasm for the tool’s real-time, rubric-aligned feedback, districts are already beginning to incorporate Newsela Writing into their writing initiatives for the coming year.

    With this continued expansion of innovative products, Newsela is committed to bringing new solutions to support the company’s mission of meaningful classroom learning for every student.

    The deal is valued at $100 million and comprises primarily cash and performance-based payments.

    About Newsela
    Newsela products are purpose-built to unlock student motivation, inspire teachers, and drive long-lasting learning outcomes. With a suite of products to support knowledge- and skill building, writing practice, daily instruction, and assessment in K-12 classrooms, Newsela offers solutions backed by learning science research to drive student outcomes and support teachers in their instructional goals. To learn more about Newsela, visit the company’s website. 

    About Generation Genius
    Generation Genius is a K-8 teaching resource that brings school science standards to life through fun and educational videos paired with lesson plans, activities, quizzes, reading material, and more. Our videos are produced in partnership with the National Science Teaching Association, and aligned to standards in all 50 states. To learn more about Generation Genius, visit the company’s website.

    The MIL Network –

  • MIL-OSI: Aerospike 8 Delivers The First Real-Time Distributed ACID Transaction Database With High Performance at Scale

    Source: GlobeNewswire (MIL-OSI)

    MOUNTAIN VIEW, Calif., Feb. 05, 2025 (GLOBE NEWSWIRE) — Aerospike, Inc. (“Aerospike”), today unveiled Database 8, a major upgrade of its flagship multi-model distributed database. Version 8 adds distributed ACID transactions to support large-scale online transaction processing (OLTP) applications. Building on its enterprise-grade operations and best-in-class efficiency, Aerospike 8 is the first real-time distributed database to guarantee strict serializability of ACID transactions with industry-leading performance and efficiency at a fraction of the cost of other systems.

    For industries and applications like banking, e-commerce, inventory management, healthcare, order processing and telecom — or any digital business requiring mission-critical transactional workloads — reliable, consistent, and scalable distributed OLTP systems are non-negotiable. Yet, legacy databases have struggled to deliver.

    For nearly a decade, Aerospike has set the standard in strong consistency for single-record requests, achieving millions of transactions per second (TPS) with sub-millisecond latency, whether at gigabytes or petabytes of data. Aerospike Database 8 expands data consistency guarantees with strict serializability (the highest-level guarantee) to distributed multi-object transactions with low latency, even while serving massive concurrent connections.

    Now, businesses can achieve the most stringent level of guarantees, eliminating inconsistencies that can lead to costly errors while benefitting from real-time performance. Since Aerospike requires a fraction of the hardware resources of other databases, enterprises benefit from both substantial operational cost savings and the opportunity to embrace new environmental sustainability goals.

    “Aerospike has always been a transaction powerhouse, with customers scaling to hundreds of millions of TPS on massive amounts of data,” said Subbu Iyer, CEO of Aerospike. “With 8.0, Aerospike has solved one of the most challenging problems in distributed systems so that enterprises can break free from the decades-old trade-off between transactional consistency and high performance — and scale mission-critical applications without compromise.”

    Building Powerful, Scalable OLTP Applications Has Never Been Easier

    Aerospike’s distributed transaction support simplifies OLTP development by moving the burden of building and maintaining transaction management logic from the application to the database. Developers get Aerospike’s intuitive transaction APIs to speed and simplify development. Spring developers can immediately write to the same Spring Data transaction APIs they are used to, and Java developers can code to the standard Spring Framework transaction management APIs without any knowledge of Aerospike internal processes.

    The Aerospike Multi-model Database Advantage

    Aerospike’s multi-model database engine (supporting document, key-value, graph, and vector data types) also significantly reduces development and operational complexity. Developers can choose the best data model for each specific use case, reducing overhead and enhancing agility.

    The Aerospike multi-model database can be deployed on premises and on all major public clouds, giving developers and operators the flexibility needed to deploy real-time applications wherever and however they like, including in hybrid environments.

    Try Aerospike Database 8. For a full technical overview and list of new and notable features, please visit our technical blog and register to attend our webinar on understanding high-throughput transactions at scale.

    About Aerospike

    Aerospike is the real-time database built for infinite scale, speed, and savings. Our customers are ready for what’s next with the lowest latency and the highest throughput data platform. Cloud- and AI-forward, we empower leading organizations like Adobe, Airtel, Criteo, DBS Bank, Experian, Flipkart, PayPal, Snap, and Sony Interactive Entertainment. Headquartered in Mountain View, California, our offices include London, Bangalore, and Tel Aviv.

    Aerospike® is a registered trademark of Aerospike, Inc.

    Contact:
    John Moran
    Look Left Marketing
    aerospike@lookleftmarketing.com

    The MIL Network –

  • MIL-OSI United Kingdom: Mayor welcomes Miss Africa pageant’s pledge to raise funds for BUD Club

    Source: Northern Ireland – City of Derry

    Mayor welcomes Miss Africa pageant’s pledge to raise funds for BUD Club

    4 February 2025

    Mayor of Derry City and Strabane District Council, Councillor Lilian Seenoi-Barr, has welcomed an announcement by the Miss/Mrs Africa Ireland pageant that they will donate funds raised from this year’s event to her chosen charity – the BUD Club.

    The annual celebration of African Women living in Ireland will take place in August at The Johnstown Estate in County Meath and aims to promote confidence, leadership, and cultural pride among its participants.

    Based in the Northside Centre in Derry, the BUD Club are a youth led educational and developmental youth provision for young people with disabilities and specific/complex needs.

    Dr Dineo Moiloa, CEO of Miss/Mrs Africa Ireland, visited the BUD Club’s premises with the Mayor this week where she had the chance to experience first-hand the positive impact the service has had on local young people’s lives.

    Mayor Barr welcomed the opportunity to showcase the charity’s worked and thanked Dr Moiloa for her generous gesture of support.

    “I am absolutely thrilled and deeply grateful that Miss/Mrs Africa Ireland has joined my fundraising efforts for Bud Club, helping to raise the vital funds needed to support this life-changing initiative,” she said.
    “Disability and autism know no boundaries – they do not choose a religion, ethnicity, or background.
    “Every community has someone with complex needs however not all receive the support they deserve and that’s why organisations like BUD Club are so essential.

    “They don’t just provide a safe and inclusive space for children and young people with learning disabilities – they educate communities, break down barriers, and promote social, economic, and educational inclusion for all.”
    The BUD Club was founded 10 years ago after a consultation with young people with disabilities from Ardnashee School and College highlighted a lack of safe and supportive youth provision to meet the needs of young people with disabilities in the City and District.
    They are the largest disability youth provision in the North-West and a key link for statutory agencies, engaging with a variety of stakeholders.
    The BUD Club currently has over 300 registered members aged 11-25 years old from all seven DEA’s across the Derry City and Strabane District Council Area.
    “I am truly honoured and humbled to partner with the BUD Club throughout my year as Mayor of Derry City and Strabane District,” added Mayor Barr. “Working together to ensure these young people receive the support they need.
    “The funds raised this year and the mutual benefits for all young people cannot be underestimated.
    “I want to express my sincere thanks to Dr Dineo Moiloa, CEO of Miss/Mrs Africa Ireland for joining me to witness first-hand the incredible work of the BUD Club and the entire team at Mrs/Miss Africa Ireland.
    “Your commitment and generosity in supporting this cause in 2025 mean the world to me.”
    “I want to keep the momentum going, I encourage everyone to get involved, fundraise, donate, and help make a real difference in the lives of these remarkable young people.
    “Together, we can create a more inclusive and supportive future for all.”

    Dr Moiloa added: “We are genuinely excited to support the Mayor’s charity BUD Club.

    “As an empowerment platform for young women in Ireland, MMAI is passionate about fostering empowerment through dedicated community engagement, advocacy and amplifying the voices of those who are often marginalised.
    “Our partnership with Mayor Barr and BUD Club presents a wonderful opportunity to raise awareness about children and adults with additional needs, as well as the importance of supporting these forums.

    “We eagerly look forward to cultivating a rich and meaningful relationship with them as we strive to highlight this cause and work towards positive change together.”

    Further information on the BUD Club is available on the Mayor’s webpage at derrystrabane.com/mayor and the public can donate at the following link: www.justgiving.com/campaign/budclub

    MIL OSI United Kingdom –

  • MIL-OSI: Aurora Mobile’s GPTBots.ai Integrates DeepSeek’s Janus-Pro

    Source: GlobeNewswire (MIL-OSI)

    SHENZHEN, China, Feb. 05, 2025 (GLOBE NEWSWIRE) — Aurora Mobile Limited (NASDAQ: JG) (“Aurora Mobile” or the “Company”), a leading provider of customer engagement and marketing technology services in China, today announced that its leading enterprise AI agent platform, GPTBots.ai, has integrated DeepSeek’s Janus-Pro into its ecosystem as an Open Tool, further expanding its comprehensive suite of AI capabilities. This integration follows the recent addition of DeepSeek’s R1 large language model (LLM), reinforcing GPTBots.ai’s position as a leader in delivering cutting-edge AI solutions tailored for enterprises.

    Janus-Pro, part of DeepSeek’s groundbreaking image model family, has set a new benchmark in AI image generation. Known for its hyper-realistic outputs, contextual understanding, and seamless style adaptation, Janus-Pro excels in creating visually stunning and contextually accurate images. It also offers advanced capabilities like multi-modal input processing, enhanced image consistency, and rapid rendering, making it ideal for industries such as marketing, e-commerce, and design. By integrating Janus-Pro as an Open Tool, GPTBots empowers businesses to unlock new creative possibilities while streamlining visual content creation.

    An Extensive Toolkit Empowering Enterprise AI Agents
    GPTBots offers a comprehensive suite of tools designed to enable enterprises to build intelligent AI agents that automate workflows, enhance customer interactions, and optimize operations. These tools are categorized into My Tools (custom-built tools tailored to specific business needs) and Open Tools (pre-configured tools accessible to all users).

    With the addition of Janus-Pro as an Open Tool, GPTBots’ ecosystem now includes a wide range of tools, such as:

    • LinkedIn Tools: LinkedIn Find Company and LinkedIn Find Person for professional networking and lead generation.
    • HubSpot Tools: HubSpot Contacts, HubSpot Company, HubSpot Deals, and HubSpot Tickets for seamless CRM and sales management.
    • DALL-E 3 and CogView: Advanced image generation tools for creative and business applications.
    • Google Search Pro: Enhanced search capabilities for retrieving accurate and actionable information.
    • Google Video: For creating and managing engaging video content.
    • WhatsApp API Message: For efficient customer communication and engagement.
    • EngageLab Email Sender: Automating email campaigns for marketing and customer outreach.

    These tools represent just a fraction of the extensive library of Open Tools available on GPTBots, ensuring businesses have access to the most relevant and impactful solutions for their unique needs.

    Empowering Enterprises with GPTBots.ai

    GPTBots is designed to simplify AI adoption for businesses, offering a no-code/low-code platform that enables users to deploy AI agents quickly and effectively. With features like enterprise-grade SLA guarantees, role-based access control, and seamless integration with popular business systems, GPTBots ensures businesses can focus on achieving their goals without worrying about technical complexities.

    By combining tools like Janus-Pro, LinkedIn, HubSpot, and Google Video, GPTBots provides enterprises with a unified platform to automate workflows, enhance customer experiences, and drive growth. Whether it’s creating high-quality visual content, managing customer relationships, or optimizing marketing strategies, GPTBots empowers businesses to achieve more with less effort.

    About GPTBots.ai

    GPTBots.ai is a complementary general-purpose LLM AI bot featuring private data input and continuous fine-tuning, which can replace ‘rule-based’ chatbots, improve user experience, and reduce costs. GPTBots.ai aims to provide users with an end-to-end business platform that can seamlessly integrate robots into existing applications and workflows via plug-ins. GPTBots.ai also allow users to have great access to, and more efficiently and effectively using, AIGC to improve overall corporate productivity and output quality.

    To know more, please visit https://www.gptbots.ai.

    About Aurora Mobile Limited

    Founded in 2011, Aurora Mobile (NASDAQ: JG) is a leading provider of customer engagement and marketing technology services in China. Since its inception, Aurora Mobile has focused on providing stable and efficient messaging services to enterprises and has grown to be a leading mobile messaging service provider with its first-mover advantage. With the increasing demand for customer reach and marketing growth, Aurora Mobile has developed forward-looking solutions such as Cloud Messaging and Cloud Marketing to help enterprises achieve omnichannel customer reach and interaction, as well as artificial intelligence and big data-driven marketing technology solutions to help enterprises’ digital transformation.

    For more information, please visit https://ir.jiguang.cn/.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as Aurora Mobile’s strategic and operational plans, contain forward-looking statements. Aurora Mobile may also make written or oral forward-looking statements in its reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Aurora Mobile’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Aurora Mobile’s strategies; Aurora Mobile’s future business development, financial condition and results of operations; Aurora Mobile’s ability to attract and retain customers; its ability to develop and effectively market data solutions, and penetrate the existing market for developer services; its ability to transition to the new advertising-driven SAAS business model; its ability to maintain or enhance its brand; the competition with current or future competitors; its ability to continue to gain access to mobile data in the future; the laws and regulations relating to data privacy and protection; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of the press release, and Aurora Mobile undertakes no duty to update such information, except as required under applicable law.

    For more information, please contact:

    Aurora Mobile Limited
    E-mail: ir@jiguang.cn

    Christensen

    In China
    Ms. Xiaoyan Su
    Phone: +86-10-5900-1548
    E-mail: Xiaoyan.Su@christensencomms.com

    In U.S.

    Ms. Linda Bergkamp
    Phone: +1-480-614-3004
    Email: linda.bergkamp@christensencomms.com

    The MIL Network –

  • MIL-OSI: GPTBots.ai Integrates DeepSeek’s Janus-Pro, Elevating AI Image Generation for Enterprise Applications

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, Feb. 05, 2025 (GLOBE NEWSWIRE) — GPTBots.ai, a leading enterprise AI agent platform, has announced the integration of DeepSeek’s Janus-Pro into its ecosystem as an Open Tool, further expanding its comprehensive suite of AI capabilities. This integration follows the recent addition of DeepSeek’s R1 large language model (LLM), reinforcing GPTBots.ai’s position as a leader in delivering cutting-edge AI solutions tailored for enterprises.

    Janus-Pro, part of DeepSeek’s groundbreaking image model family, has set a new benchmark in AI image generation. Known for its hyper-realistic outputs, contextual understanding, and seamless style adaptation, Janus-Pro excels in creating visually stunning and contextually accurate images. It also offers advanced capabilities like multi-modal input processing, enhanced image consistency, and rapid rendering, making it ideal for industries such as marketing, e-commerce, and design. By integrating Janus-Pro as an Open Tool, GPTBots empowers businesses to unlock new creative possibilities while streamlining visual content creation.

    An Extensive Toolkit Empowering Enterprise AI Agents
    GPTBots offers a comprehensive suite of tools designed to enable enterprises to build intelligent AI agents that automate workflows, enhance customer interactions, and optimize operations. These tools are categorized into My Tools (custom-built tools tailored to specific business needs) and Open Tools (pre-configured tools accessible to all users).

    With the addition of Janus-Pro as an Open Tool, GPTBots’ ecosystem now includes a wide range of tools, such as:

    • LinkedIn Tools: LinkedIn Find Company and LinkedIn Find Person for professional networking and lead generation.
    • HubSpot Tools: HubSpot Contacts, HubSpot Company, HubSpot Deals, and HubSpot Tickets for seamless CRM and sales management.
    • DALL-E 3 and CogView: Advanced image generation tools for creative and business applications.
    • Google Search Pro: Enhanced search capabilities for retrieving accurate and actionable information.
    • Google Video: For creating and managing engaging video content.
    • WhatsApp API Message: For efficient customer communication and engagement.
    • EngageLab Email Sender: Automating email campaigns for marketing and customer outreach.

    These tools represent just a fraction of the extensive library of Open Tools available on GPTBots, ensuring businesses have access to the most relevant and impactful solutions for their unique needs.

    Why Janus-Pro is a Game-Changer
    The integration of Janus-Pro into GPTBots.ai brings unparalleled value to enterprises by enabling:

    • Enhanced Marketing Campaigns: Generate visually compelling advertisements and promotional materials with ease.
    • Streamlined Product Design: Create prototypes and design concepts faster and more efficiently.
    • Improved Customer Engagement: Deliver personalized and visually appealing content to captivate target audiences.

    “Integrating Janus-Pro into our platform aligns perfectly with our mission to provide enterprises with the most advanced and versatile AI tools,” said Jerry Yin, VP of GPTBots.ai. “This addition not only enhances our image generation capabilities but also empowers businesses to innovate, adapt, and thrive in an increasingly competitive landscape.”

    Empowering Enterprises with GPTBots.ai
    GPTBots is designed to simplify AI adoption for businesses, offering a no-code/low-code platform that enables users to deploy AI agents quickly and effectively. With features like enterprise-grade SLA guarantees, role-based access control, and seamless integration with popular business systems, GPTBots ensures businesses can focus on achieving their goals without worrying about technical complexities.

    By combining tools like Janus-Pro, LinkedIn, HubSpot, and Google Video, GPTBots provides enterprises with a unified platform to automate workflows, enhance customer experiences, and drive growth. Whether it’s creating high-quality visual content, managing customer relationships, or optimizing marketing strategies, GPTBots empowers businesses to achieve more with less effort.

    About GPTBots.ai
    GPTBots.ai is an enterprise AI agent platform that empowers businesses to streamline operations, enhance customer experiences, and drive growth. Offering end-to-end AI solutions across customer service, knowledge search, data analysis, and lead generation, GPTBots enables enterprises to harness the full potential of AI with ease. With seamless integration into various systems, and support for scalable, secure deployments, GPTBots is dedicated to reducing costs, accelerating growth, and helping businesses thrive in the AI era.
    For more information, visit www.gptbots.ai.

    Media Contact:
    Silvia
    Senior Marketing Manager
    marketing@gptbots.ai

    The MIL Network –

  • MIL-OSI: StarHub and Nokia upgrade fiber broadband network to deliver nationwide 10 Gbps services

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    StarHub and Nokia upgrade fiber broadband network to deliver nationwide 10 Gbps services

    • Singapore’s first 10 Gbps nationwide broadband network utilizing Nokia’s XGS-PON technology.
    • Empowers StarHub to offer enhanced services such as immersive gaming and advanced security solutions to its customers.
    • The upgraded network supports the 10 Gbps Ready Nationwide Broadband Network as part of the Government’s Digital Connectivity Blueprint, a strategy to enhance the national economy and improve citizen well-being via next-generation digital infrastructure.

    5 February 2025
    Singapore – Nokia today announced that StarHub has successfully completed its nationwide rollout of its XGS-PON network, connecting hundreds of thousands of homes across Singapore to 10 Gbps internet speeds. For consumer enthusiasts, the upgraded broadband network provides immediate access to additional broadband capacity needed to support bandwidth-hungry applications such as AI, immersive gaming and advanced security. It will also enable StarHub to offer new premium services that unlock additional revenue streams.

    StarHub will use Nokia’s Altiplano Access Controller to automate and improve network utilization. Leveraging AI-driven operations (AIOps) to drive better network decisions, Nokia’s Altiplano Access Controller enables StarHub to detect network anomalies faster, anticipate service-affecting issues before they occur, and improve network utilization. Advanced analytics and trained AI agents such as the ONT Health Monitor application can help increase efficiencies and drive higher levels of automation across network and service operations.

    As the first operator to launch XGS-PON services in Singapore in February 2023, StarHub also becomes the first in the world to completely migrate to a nationwide software-defined access network using Nokia Altiplano solution, enhancing network utilization through AI and automation. The speedy rollout of the deployment and migration aligns with the vision of Singaporean Government to accelerate 10Gbps PON subscriptions in support of the Digital Connectivity Blueprint.

    Lee Yeu Ching, VP of Fixed and Media Networks at StarHub, said: “We have set ambitious goals to advance our network, aiming to enhance user experience and operational efficiency. Nokia, our longstanding partner, has played a vital role in the successful completion of this crucial initiative. Nokia products and services have helped us seamlessly and rapidly transition to XGS-PON, enabling faster uptake of 10Gbps services to support Singapore’s national digital transformation plan. This milestone also signifies a meaningful achievement in StarHub’s Cloud Infinity Strategy. We are now looking forward to providing not only faster internet access, but also enhanced user experience for advance applications such as Augmented/Virtual Reality and Metaverse, among others.”

    Ming Kin Ngiam, Head of SEA South for Network Infrastructure Sales at Nokia, said: “We are entering the Fiber for Everything era. Technological advancements such as next-gen PON and automation empower operators to maximize the potential of their fiber networks, introduce new services, and expedite monetization. StarHub is establishing a new standard in network modernization with their comprehensive XGS-PON and SDAN network solutions. We are looking forward to further strengthening our partnership with StarHub to drive AI/ML automation and service innovations.”

    Resources and additional information
    Product page: Altiplano Access Controller
    Product page: Altiplano Application Marketplace
    Product page: Lightspan FX fiber access nodes
    Whitepaper: Autonomous networks by Appledore and StarHub

    About Nokia
    At Nokia, we create technology that helps the world act together. 

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.  

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Media inquiries
    Nokia Communications, Asia Pacific
    Email: cordia.so@nokia.com

    Nokia Press Office
    Email: Press.Services@nokia.com

    Follow us on social media
    LinkedIn X Instagram Facebook YouTube

    The MIL Network –

  • MIL-OSI: Form 8.5 (EPT/RI)- Alliance Pharma plc

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.5 (EPT/RI)

    PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
    Rule 8.5 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)        Name of exempt principal trader:         Investec Bank plc
    (b)        Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 Alliance Pharma plc
    (c)        Name of the party to the offer with which exempt principal trader is connected: Investec is financial advisor to Aegros Bidco Limited (a newly incorporated company indirectly owned by DBAY Affiliates and the ERES IV Fund)
    (d)        Date dealing undertaken: 04th February 2025
    (e)        In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        DEALINGS BY THE EXEMPT PRINCIPAL TRADER

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchases/ sales Total number of securities Highest price per unit paid/received Lowest price per unit paid/received

    Ordinary shares

    Purchases

    169,748

    61.21

    61.21

    Ordinary shares

    Sales

    504,739

    61.3

    61.2

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    N/A N/A N/A N/A N/A

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    N/A N/A N/A N/A N/A N/A N/A N/A

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit
    N/A N/A N/A N/A N/A

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    N/A N/A N/A N/A

    3.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    None

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:
    (i)        the voting rights of any relevant securities under any option; or
    (ii)        the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
    None
    Date of disclosure: 05thFebruary 2025
    Contact name: Abhishek Gawde
    Telephone number: +91 9923757332

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –