NewzIntel.com

Category: Machine Learning

  • MIL-OSI: Aimfinity Investment Corp. I Announces Extension of the Deadline for an Initial Business Combination to February 28, 2025

    Source: GlobeNewswire (MIL-OSI)

    Wilmington, Delaware, Jan. 27, 2025 (GLOBE NEWSWIRE) — Aimfinity Investment Corp. I (the “Company” or “AIMA”) (Nasdaq: AIMAU), a special purpose acquisition company incorporated as a Cayman Islands exempted company, today announced that, in order to extend the date by which the Company mush complete its initial business combination from January 28, 2025 to February 28, 2025, on January 27, 2025, I-Fa Chang, manager of the sponsor of the Company, has deposited into its trust account (the “Trust Account”) an aggregate of $55,823.8, or for $0.05 per Class A ordinary share held by public shareholders (the “Monthly Extension Payment”).

    Pursuant to the Company’s fourth amended & restated memorandum and articles of association (“Current Charter”), effectively January 9, 2025, the Company may extend on a monthly basis from January 28, 2025 until October 28, 2025 or such an earlier date as may be determined by its board to complete a business combination by depositing the Monthly Extension Payment for each month into the Trust Account. This is the first of nine monthly extensions sought under the Current Charter of the Company.  

    About Aimfinity Investment Corp. I

    Aimfinity Investment Corp. I is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The Company has not selected any business combination target and has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with it. While the Company will not be limited to a particular industry or geographic region in its identification and acquisition of a target company, it will not complete its initial business combination with a target that is headquartered in China (including Hong Kong and Macau) or conducts a majority of its business in China (including Hong Kong and Macau). 

    Additional Information and Where to Find It

    As previously disclosed, on October 13, 2023, the Company entered into that certain Agreement and Plan of Merger (as may be amended, supplemented or otherwise modified from time to time, the “Merger Agreement”), by and between the Company, Docter Inc., a Delaware corporation (the “Company”), Aimfinity Investment Merger Sub I, a Cayman Islands exempted company and wholly-owned subsidiary of Parent (“Purchaser”), and Aimfinity Investment Merger Sub II, Inc., a Delaware corporation and wholly-owned subsidiary of Purchaser (“Merger Sub”), pursuant to which the Company is proposing to enter into a business combination with Docter involving an reincorporation merger and an acquisition merger. This press release does not contain all the information that should be considered concerning the proposed business combination and is not intended to form the basis of any investment decision or any other decision in respect of the business combination. AIMA’s stockholders and other interested persons are advised to read, when available, the proxy statement/prospectus and the amendments thereto and other documents filed in connection with the proposed business combination, as these materials will contain important information about AIMA, Purchaser or Docter, and the proposed business combination. When available, the proxy statement/prospectus and other relevant materials for the proposed business combination will be mailed to stockholders of AIMA as of a record date to be established for voting on the proposed business combination. Such stockholders will also be able to obtain copies of the proxy statement/prospectus and other documents filed with the Securities and Exchange Commission (the “SEC”), without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to AIMA’s principal office at 221 W 9th St, PMB 235 Wilmington, Delaware 19801.

    Forward-Looking Statements

    This press release contains certain “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended. Statements that are not historical facts, including statements about the pending transactions described herein, and the parties’ perspectives and expectations, are forward-looking statements. Such statements include, but are not limited to, statements regarding the proposed transaction, including the anticipated initial enterprise value and post-closing equity value, the benefits of the proposed transaction, integration plans, expected synergies and revenue opportunities, anticipated future financial and operating performance and results, including estimates for growth, the expected management and governance of the combined company, and the expected timing of the transactions. The words “expect,” “believe,” “estimate,” “intend,” “plan” and similar expressions indicate forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to various risks and uncertainties, assumptions (including assumptions about general economic, market, industry and operational factors), known or unknown, which could cause the actual results to vary materially from those indicated or anticipated.

    Such risks and uncertainties include, but are not limited to: (i) risks related to the expected timing and likelihood of completion of the pending business combination, including the risk that the transaction may not close due to one or more closing conditions to the transaction not being satisfied or waived, such as regulatory approvals not being obtained, on a timely basis or otherwise, or that a governmental entity prohibited, delayed or refused to grant approval for the consummation of the transaction or required certain conditions, limitations or restrictions in connection with such approvals; (ii) risks related to the ability of AIMA and Docter to successfully integrate the businesses; (iii) the occurrence of any event, change or other circumstances that could give rise to the termination of the applicable transaction agreements; (iv) the risk that there may be a material adverse change with respect to the financial position, performance, operations or prospects of AIMA or Docter; (v) risks related to disruption of management time from ongoing business operations due to the proposed transaction; (vi) the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of AIMA’s securities; (vii) the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Docter to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on their operating results and businesses generally; (viii): risks relating to the medical device industry, including but not limited to governmental regulatory and enforcement changes, market competitions, competitive product and pricing activity; and (ix) risks relating to the combined company’s ability to enhance its products and services, execute its business strategy, expand its customer base and maintain stable relationship with its business partners.

    A further list and description of risks and uncertainties can be found in the prospectus filed on April 26, 2022 relating to AIMA’s initial public offering, the annual report of AIMA on Form 10-K for the fiscal year ended on December 31, 2022, filed on April 17, 2023, and in the Registration Statement/proxy statement that will be filed with the SEC by AIMA and/or its affiliates in connection with the proposed transactions, and other documents that the parties may file or furnish with the SEC, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and Aimfinity, Docter, and their subsidiaries undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

    No Offer or Solicitation

    This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of any potential transaction and does not constitute an offer to sell or a solicitation of an offer to buy any securities of AIMA, Purchaser or Docter, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.

    Participants in the Solicitation

    AIMA, Docter, and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of AIMA’s shareholders in connection with the proposed transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of AIMA’s shareholders in connection with the proposed business combination will be set forth in the proxy statement/prospectus on Form F-4 to be filed with the SEC.

    Contact Information:

    Aimfinity Investment Corp. I
    I-Fa Chang
    Chief Executive Officer
    221 W 9th St, PMB 235
    Wilmington, Delaware 19801
    ceo@aimfinityspac.com

    The MIL Network –

  • MIL-OSI: Talen Energy, Other Parties Reach Reliability Must Run Settlement Agreement for Brandon Shores and H.A. Wagner Power Plants

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Jan. 27, 2025 (GLOBE NEWSWIRE) — Talen Energy Corporation (“Talen”) (NASDAQ: TLN) announced today that it, PJM Interconnection, L.L.C. (“PJM”), and a broad coalition of the Maryland Public Service Commission, Maryland customers, electric utilities, and Sierra Club have agreed on the terms by which Talen will operate its Brandon Shores and H.A. Wagner power plants until May 31, 2029, beyond their scheduled May 31, 2025 retirement dates. The agreement, colloquially called a “reliability-must-run” or “RMR” agreement, is intended to provide the power necessary to maintain grid and transmission reliability in and around the City of Baltimore until necessary transmission upgrades to provide reliable power to the area from other sources are complete.

    The settlement, which must be approved by FERC and may be contested by the PJM Independent Market Monitor, will provide fixed payments to Talen at $312/MW-day ($145 million annually) and $137/MW-day ($35 million annually) to operate Brandon Shores and H.A. Wagner, respectively. These figures include a $5 million performance incentive for Brandon Shores and a $2.5 million performance incentive for H.A. Wagner. The settlement will separately reimburse Talen for fuel costs and variable operations and maintenance expenses.

    Several recent FERC proceedings related to future PJM base residual capacity auction parameters include questions about how to treat RMR generation resources in the capacity markets. Under the terms of the settlement, Brandon Shores and H.A. Wagner will not be considered capacity resources and will not have separate capacity obligations or be subject to capacity performance penalties. The settling parties have, however, agreed that PJM will consider the Brandon Shores and H.A. Wagner plants to be part of the capacity market supply stack. The “offer” price for the plants in upcoming auctions will depend on the outcome of PJM’s pending Section 205 proceeding, which proposes to include RMR resources administratively in supply as price-takers.

    “This RMR agreement is an important milestone in the collective efforts of PJM, Talen, the Maryland Public Service Commission, and other representatives of Maryland consumers to ensure the reliable supply of electricity to the people of Baltimore and its surrounding area,” said Mac McFarland, President and Chief Executive Officer of Talen. “Talen is pleased to do its part to help provide critical infrastructure with an RMR structure that simultaneously creates reliable electricity in Baltimore and protects Maryland consumer rates.”

    About Talen

    Talen Energy (NASDAQ: TLN) is a leading independent power producer and energy infrastructure company dedicated to powering the future. We own and operate approximately 10.7 gigawatts of power infrastructure in the United States, including 2.2 gigawatts of nuclear power and a significant dispatchable fossil fleet. We produce and sell electricity, capacity, and ancillary services into wholesale U.S. power markets, with our generation fleet principally located in the Mid-Atlantic and Montana. Our team is committed to generating power safely and reliably, delivering the most value per megawatt produced and driving the energy transition. Talen is also powering the digital infrastructure revolution. We are well-positioned to capture this significant growth opportunity, as data centers serving artificial intelligence increasingly demand more reliable, clean power. Talen is headquartered in Houston, Texas. For more information, visit https://www.talenenergy.com/.

    Investor Relations:
    Ellen Liu
    Senior Director, Investor Relations
    InvestorRelations@talenenergy.com

    Media:
    Taryne Williams
    Director, Corporate Communications
    Taryne.Williams@talenenergy.com

    Forward-Looking Statements

    This communication contains forward-looking statements within the meaning of the federal securities laws, which statements are subject to substantial risks and uncertainties. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this communication, or incorporated by reference into this communication, are forward-looking statements. Throughout this communication, we have attempted to identify forward-looking statements by using words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecasts,” “goal,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” or other forms of these words or similar words or expressions or the negative thereof, although not all forward-looking statements contain these terms. Forward-looking statements address future events and conditions concerning, among other things capital expenditures, earnings, litigation, regulatory matters, hedging, liquidity and capital resources and accounting matters. Forward-looking statements are subject to substantial risks and uncertainties that could cause our future business, financial condition, results of operations or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this communication. All of our forward-looking statements include assumptions underlying or relating to such statements that may cause actual results to differ materially from expectations, and are subject to numerous factors that present considerable risks and uncertainties.

    The MIL Network –

  • MIL-OSI USA: NCDIT Emphasizes the Importance of Protecting Personal Information During Data Privacy Week

    Source: US State of North Carolina

    Headline: NCDIT Emphasizes the Importance of Protecting Personal Information During Data Privacy Week

    NCDIT Emphasizes the Importance of Protecting Personal Information During Data Privacy Week
    jrchonillo

    The N.C. Department of Information Technology is joining others from around the world Jan. 27-31 to recognize Data Privacy Week. This annual initiative focuses on building privacy awareness and empowering individuals and organizations to respect privacy, protect data and strengthen public trust. 

    “Because we lead much of our lives online, we leave a detailed digital trail. To protect ourselves, we must protect our data,” said Governor Josh Stein. “Reviewing privacy settings, disabling unnecessary location services, and paying close attention to what and where we reveal our personal information online are all good ways to limit who has access to our data.” 

    Identifying information collected online may be stored indefinitely and used to customize your experience or track your activity. Some companies may match it with other data to create a profile for you or sell your information. These profiles may contain information about your habits, interests, buying patterns and health.

    “With increasing connectivity and the rise of artificial intelligence and generative AI, protecting our personal information is more critical than ever,” said NCDIT Secretary and State Chief Information Officer Teena Piccione. “Remember a few key steps to safeguard your personal information like strong, unique passwords, two-factor authentication and careful review of each suspicious email, text or link prior to clicking that might try to trick you into revealing personal information.” 

    Here are some additional tips to help protect data privacy:

    • Review and manage privacy settings. Each device, application or browser has different features to limit how and with whom data is shared. It is important to check these regularly and adjust them as needed. You can use these direct links to update settings on popular devices and online services.
    • Streamline your online presence. Delete inactive accounts and apps you do not use. They may still be collecting and sending data. Disable tracking and turn off location services when you are not using them. Keep all software, operating systems and apps that you do use up to date.
    • Read the fine print.  Read the privacy policy and terms of use for any application you plan to use. Be thoughtful about who is allowed access to your personal information. Make sure you understand and agree with how your information will be used.  
    • Share with care. Think before posting information about yourself or others. Consider what the post reveals, who might see it and how it could be perceived now and in the future. Remember that information you post online may never fully be removed, and social media privacy settings may not stop your posts from being shared by others. Never share personal information that you use for security purposes, such as your date of birth or the name of your first pet or teacher, in online quizzes.
    • Be intelligent about artificial intelligence. While AI can be a helpful tool, it is important to remember that AI systems learn from user inputs. You should not share any personal or financial information, sensitive personal data from your workplace or intellectual property with publicly available AI.

    “It’s important to understand how to protect our own data, respect the privacy of others and minimize the amount of sensitive data we share because it may be used for unintended purposes,” said Cherie Givens, the state’s chief privacy officer.

    The Office of Privacy and Data Protection leads North Carolina’s privacy program and provides privacy guidance, services, resources and training to state agencies. The office works to embed a culture of privacy, data protection and transparency across state government and ensure that sensitive information entrusted to the state by residents, businesses and visitors is used for its intended purposes and remains protected.

    NCDIT will be sharing privacy tips and resources throughout the week on social media using the hashtag #DataPrivacyWeek. For more information and other helpful links, visit it.nc.gov/privacy.

    Jan 27, 2025

    MIL OSI USA News –

  • MIL-OSI USA: State of Colorado and United Kingdom Sign Agreement to Foster Trade and Investment

    Source: US State of Colorado

    DENVER – Today, Colorado Governor Jared Polis and British Consul General Richard Hyde signed a Memorandum of Understanding (MOU) between Colorado and the United Kingdom (U.K.) to foster cooperation on economic relations, trade, and investment. This exciting new partnership will develop and promote shared opportunities between Colorado and the U.K. in clean energy, climate smart agriculture, quantum technologies, space technology, tourism, and artificial intelligence – all important economic drivers for both economies. 

    “In Colorado we are focused on saving people money and increasing affordability. Solidifying and strengthening our long-standing relationship with the United Kingdom helps create more pathways for investments into Colorado businesses, expands good jobs in Colorado’s key economic sectors, and establishes a strong and lasting trade partnership with our friends in the U.K.,” said Governor Polis. 

    “This agreement marks a great step forward in our trade relationship with Colorado. We’re unlocking investment for businesses, creating new job opportunities and strengthening the bonds of friendship and cooperation between the U.K. and Colorado,” said Consul General Hyde. 

    The Governor welcomed Consul General Hyde at the Colorado State Capitol in Denver for a bilateral meeting and MoU signing ceremony. Following the signing, the State of Colorado and the U.K. will form a steering committee to oversee the implementation of the partnership, which will highlight opportunities to reduce barriers to trade and investment between the two regions and elevate new business development opportunities. 

    The MoU builds on a strong economic partnership between the two regions. In 2023, Colorado exported $214 million in goods to the U.K., while importing $260 million. The U.K. is also Colorado’s number one source of foreign investment. Over the last five years, British companies invested $1.5 billion in capital expenditures and provided an estimated 19,400 jobs in Colorado. Also over the last five years, Colorado companies invested an estimated $1.3 billion in capital expenditure and created an estimated 3,765 jobs in the U.K. 

    The state also routinely welcomes British business delegations interested in Colorado’s business ecosystem in areas such as aerospace, agriculture, quantum technology, and renewable energy. Additionally, the British Government keeps an office in Denver to facilitate trade and investment. The Colorado Department of Agriculture, the Colorado Department of Health and Environment, the Colorado Energy Office (CEO) and the Colorado Office of Economic Development and International Trade (OEDIT) supported the development of the MoU. 

    “The U.K is a top economic partner for Colorado. We are thrilled to strengthen this relationship and work together to identify new trade and investment opportunities that benefit Colorado businesses and create jobs in some of our state’s leading industries, including clean energy, quantum, space technology and tourism,” said Eve Lieberman, OEDIT Executive Director. 

    “Colorado and agricultural organizations in the UK have many shared goals and areas of common interest. From research opportunities to climate smart initiatives, and from helping small businesses to co-manufacturing collaboration, we look forward to continuing our close relationship that this signing has memorialized,” said Colorado Commissioner of Agriculture Kate Greenberg. 

    “International partnerships such as this are essential to ensure the quick and affordable adoption of clean energy technologies to achieve global climate goals. As Colorado moves closer to achieving our own state goals of 100% clean energy by 2040 and net-zero emissions by 2050, we are pleased to collaborate with our U.K. partners to share lessons learned and help advance the market for clean energy around the world,” said CEO Executive Director Will Toor. 

    “This agreement underscores the critical importance of international collaboration in addressing shared challenges like climate change and advancing public health initiatives. By partnering with the U.K., Colorado is poised to leverage innovative solutions in clean energy, climate-smart agriculture, and technology to create healthier communities and a more sustainable future. We are excited to support this partnership and look forward to the opportunities it will bring for both our state and global progress,” said Jill Hunsaker Ryan, Executive Director of CDPHE: 

    About OEDIT’s Global Business Development Division 

    Global Business Development (GBD) is a division of the Colorado Office of Economic Development and International Trade. GBD supports Colorado businesses and communities by using a data-driven approach to recruit, support, and retain businesses that contribute to a robust and diversified economy. We align our portfolio of programs, services, and incentives with industries that benefit Colorado companies and elevate the state’s national and international competitiveness. GBD also hosts foreign delegations and participates in trade and investment missions around the world to strengthen global awareness of Colorado. With a highly educated and motivated workforce, a thriving innovation economy, and nation-leading entrepreneurial spirit, Colorado is a top market for business development. 

    About the Colorado Office of Economic Development and International Trade 

    The Colorado Office of Economic Development and International Trade (OEDIT) works to empower all to thrive in Colorado’s economy. Under the leadership of the Governor and in collaboration with economic development partners across the state, we foster a thriving business environment through funding and financial programs, training, consulting and informational resources across industries and regions. We promote economic growth and long-term job creation by recruiting, retaining, and expanding Colorado businesses and providing programs that support entrepreneurs and businesses of all sizes at every stage of growth. Our goal is to protect what makes our state a great place to live, work, start a business, raise a family, visit and retire—and make it accessible to everyone. Learn more about OEDIT. 

    ###

    MIL OSI USA News –

  • MIL-OSI: Diginex Limited Announces Underwriters’ Full Exercise of Over-Allotment Option

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, Jan. 27, 2025 (GLOBE NEWSWIRE) — Diginex Limited (“Diginex Limited” or the “Company”), incorporated in the Cayman Islands, is an impact technology business that helps organizations to address the some of the most pressing Environmental, Social and Governance (“ESG”), climate and sustainability issues, utilizing blockchain, machine learning and data analysis technology to lead change and increase transparency in corporate social responsibility and climate action, today announced that on January 27, 2025, the underwriters of its previously announced initial public offering (the “Offering”) have exercised their over-allotment option (the “Over-Allotment Option”) in full and purchased an additional 337,500 ordinary shares of the Company at the public offering price of $4.10 per share, resulting in additional gross proceeds of $1.38 million. After giving effect to the full exercise of the Over-Allotment Option, the total number of ordinary shares sold by the Company in the Offering increased to 2,587,500 ordinary shares and the gross proceeds increased to $10.61 million, before deducting underwriting discounts and other related expenses. The Company’s ordinary shares began trading on the Nasdaq Capital Market under the symbol “DGNX” on January 22, 2025.

    The Offering was conducted on a firm commitment basis. The Company intends to use the proceeds from the Offering for working capital and general corporate purposes.

    Dominari Securities, LLC acted as the representative of the underwriters to the Offering, and Revere Securities LLC was a co-underwriter. Loeb & Loeb LLP acted as U.S. and Hong Kong counsel to the Company, and Robinson & Cole LLP acted as U.S. counsel to Dominari Securities LLC and Revere Securities LLC in connection with this Offering.

    A registration statement on Form F-1 (File No. 333-282027) was filed with the Securities and Exchange Commission (“SEC”) and was declared effective by the SEC on December 20, 2024. A final prospectus relating to the Offering was filed with the SEC on January 23, 2025 and available on the SEC’s website at www.sec.gov. Electronic copies of the final prospectus relating to this Offering may be obtained from Dominari Securities LLC, 725 5th Ave, 23rd Floor, New York, NY 10022, Telephone: (212) 393-4500; Email: investmentbanking@dominarisecurities.com.

    Before you invest, you should read the registration statement (including the post-effective amendment) and the preliminary prospectus contained therein, the final prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About Diginex Limited

    Diginex Limited is a Cayman Islands exempted company incorporated under the laws of the Cayman Islands in 2024, with subsidiaries located in Hong Kong, United Kingdom and United States of America. Diginex Limited conducts operations through its wholly owned subsidiary Diginex Solutions (HK) Limited, a Hong Kong corporation (“DSL”) and DSL is the sole owner of (i) Diginex Services Limited, a corporation formed in the United Kingdom and (ii) Diginex USA LLC, a limited liability company formed in the State of Delaware. DSL commenced operations in 2020, is headquartered in Hong Kong, and is a software company that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. DSL is an impact technology business that helps organizations to address the some of the most pressing ESG, climate and sustainability issues, utilizing blockchain, machine learning and data analysis technology to lead change and increase transparency in corporate social responsibility and climate action.

    Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software For more information, please visit the Company’s website: https://www.diginex.com/.

    Forward-Looking Statements

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

    For investor and media inquiries, please contact:

    Diginex
    Investor Relations
    Email: ir@diginex.com

    Jackson Lin
    Lambert by LLYC
    Phone: +1 (646) 717-4593
    Email: jian.lin@llyc.global

    The MIL Network –

  • MIL-OSI: PDF Solutions to Report Fourth Quarter and Fiscal Year 2024 Financial Results on February 13, 2025

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., Jan. 27, 2025 (GLOBE NEWSWIRE) — PDF Solutions, Inc. (Nasdaq: PDFS), a leading provider of comprehensive data solutions for the semiconductor ecosystem, announced that it will release fourth quarter and fiscal year 2024 financial results after the market close on Thursday, February 13, 2025. John Kibarian, CEO, and Adnan Raza, CFO, will host a live teleconference on Thursday, February 13, 2025, beginning at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss the results.

    To participate on the live call, analysts and investors should pre-register at:
    https://register.vevent.com/register/BI901bfd5ff82340f4be29473c242c6655.

    Registrants will receive dial-in information and a unique passcode to access the call. We encourage participants to dial-in into the call ten minutes ahead of scheduled time.

    The teleconference will also be webcast simultaneously on the Company’s website at https://ir.pdf.com/webcasts. A replay of the conference call webcast will be available after the call on the Company’s investor relations website.

    About PDF Solutions
    PDF Solutions (Nasdaq: PDFS) provides comprehensive data solutions designed to empower organizations across the semiconductor and electronics industry ecosystems to improve the yield and quality of their products and operational efficiency for increased profitability. The Company’s products and services are used by Fortune 500 companies across the semiconductor ecosystem to achieve smart manufacturing goals by connecting and controlling equipment, collecting data generated during manufacturing and test operations, and performing advanced analytics and machine learning to enable profitable, high-volume manufacturing.

    Founded in 1991, PDF Solutions is headquartered in Santa Clara, California, with operations across North America, Europe, and Asia. The Company (directly or through one or more subsidiaries) is an active member of SEMI, INEMI, TPCA, IPC, the OPC Foundation, and DMDII. For the latest news and information about PDF Solutions or to find office locations, visit https://www.pdf.com/.

    PDF Solutions and the PDF Solutions logo are trademarks or registered trademarks of PDF Solutions, Inc. or its subsidiaries.

    Company Contacts

    Adnan Raza
    Chief Financial Officer
    (408) 516-0237
    adnan.raza@pdf.com

    Sonia Segovia
    Investor Relations
    (408) 938-6491
    sonia.segovia@pdf.com

    The MIL Network –

  • MIL-OSI: SPS Commerce Announces Date of Fourth Quarter and Fiscal Year 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, Minn., Jan. 27, 2025 (GLOBE NEWSWIRE) — SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced that it will issue its financial results for the fourth quarter and year ended December 31, 2024, after the market close on Monday, February 10, 2025. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day.

    To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at least 15 minutes prior to the 3:30 p.m. CT start time. Please ask to be joined into the SPS Commerce conference call. A live webcast of the call will be available at http://investors.spscommerce.com under the Events and Presentations menu. The replay will also be available on our website at http://investors.spscommerce.com.

    About SPS Commerce

    SPS Commerce is the world’s leading retail network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. We support data-driven partnerships with innovative cloud technology, customer-obsessed service and accessible experts so our customers can focus on what they do best. To date, more than 120,000 companies in retail, grocery, distribution, supply, and logistics have chosen SPS as their retail network. SPS has achieved 95 consecutive quarters of revenue growth and is headquartered in Minneapolis. For additional information, contact SPS at 866-245-8100 or visit www.spscommerce.com.

    SPS COMMERCE, SPS, SPS logo and INFINITE RETAIL POWER are marks of SPS Commerce, Inc. and registered in the U.S. Patent and Trademark Office, along with other SPS marks. Such marks may also be registered or otherwise protected in other countries. 

    Contact:

    Investor Relations
    The Blueshirt Group
    Irmina Blaszczyk
    Lisa Laukkanen
    SPSC@blueshirtgroup.com
    415-217-4962 

    SPS-F

    The MIL Network –

  • MIL-OSI Europe: Netherlands: Samotics secures €20 million EIB financing to accelerate the transformation of industrial efficiency and reliability with AI

    Source: European Investment Bank

    • Dutch-based leader in electrical data analytics for condition and energy efficiency monitoring signs €20 million financing with European Investment Bank.
    • Samotics will use the funds to accelerate the research and development on its technology, which can boost reliability and energy efficiency in electrical motors using AI.
    • The EIB financing is supported by the European Commission under its InvestEU initiative.

    Dutch-based electrical data analytics company Samotics has signed a €20 million financing agreement with the European Investment Bank (EIB) to accelerate its research and development activities. The EIB’s investment will enhance the company’s solutions regarding the monitoring of machine health and energy efficiency, while accelerating work on its next-generation integrated solution, planned for launch this year. The funding aligns with Samotics’ mission to make industries more reliable, efficient, and sustainable.

    The EIB Group wants to accelerate digitalisation and innovation in Industry 4.0 related technology, such as artificial intelligence and microchips, as this kind of innovation is key to Europe’s green and digital transitions, and crucial in ensuring its technological and strategic autonomy. Reliability and energy efficiency are instrumental for Europe’s public and private efforts for decarbonisation and sustainability across different sectors. The EIB’s financing benefits from the backing of the “Future Tech” guarantee within the InvestEU initiative of the European Commission.

    “This is one those applications where the use of artificial intelligence can really make a difference.“ stated EIB Vice President Robert de Groot. “It highlights that modern challenges require modern solutions, and this intelligent way to pre-empting problems and optimising energy efficiency is an important element in our decarbonisation journey. As part of our commitment to supporting technology and innovations critical for Europe’s competitiveness, we are proud to back Samotics.”.

    “This funding from the EIB highlights the trust placed in our technology and its potential to revolutionise industrial reliability and sustainability. It’s a defining moment for Samotics as we further accelerate our growth and innovation journey,” said Jasper Hoogeweegen, CEO of Samotics.

    The electrical signature analysis (ESA) that Samotics technology applies, relies on the principle that subtle changes in the operational characteristics of an electrical motor, often occurring before a failure, impact the machine’s magnetic field. This affects the supply voltage and operating current, and by using various analytical techniques, ESA provides a comprehensive overview of the entire powertrain, from motor to transmission to load, to accurately predict faults.

    Samotics’ system specifically focuses on AI driven monitoring and analysis to predict malfunctioning, detect energy inefficiencies and provide actionable recommendations. The system can be installed directly in the electric cabinet, avoiding the need to access the often-inaccessible motors. The predictive analytics for malfunction detection are vital, as these motors typically support critical infrastructure where unplanned downtime is unacceptable, and the costs of complete failure are high. Additionally, identifying and correcting energy inefficiencies can significantly reduce operating costs.

    Background information:

    The European Investment Bank (EIB) is the long-term lending institution of the European Union, owned by its Member States. The Netherlands owns a 5,2% share of the EIB. It makes long-term finance available for sound investment in order to contribute towards EU policy goals and national priorities. More than 90% of its activity is in Europe. Over the last ten years, the EIB has made available more than €27 billion in financing for Dutch projects in various sectors, including research & development, sustainable mobility, drinking water, healthcare and SMEs. The EIB will announce its 2024 annual figures on January 30th 2025.

    The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps mobilise private investment for EU policy priorities, such as the European Green Deal and the digital transition. InvestEU brings together under one roof the multitude of EU financial instruments previously available to support investment in the European Union, making funding for investment projects in Europe simpler, more efficient and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal. The InvestEU Fund is deployed through implementing partners who will invest in projects using the EU budget guarantee of €26.2 billion. The entire budget guarantee will back the investment projects of the implementing partners, increase their risk-bearing capacity and thus mobilise at least €372 billion in additional investment.

    Samotics is a leading company in electrical data analytics for condition and energy efficiency monitoring. It has developed a predictive maintenance and energy efficiency optimisation solution for industrial companies based on Electrical Signature Analysis. The company’s system specifically focuses on monitoring and analysing electric motors to detect energy inefficiencies and predict malfunctioning through Artificial Intelligence driven recommendations.

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Failure of European policies whose aim was to ensure the continent’s economic prosperity and preserve our industry – E-000196/2025

    Source: European Parliament

    Question for written answer  E-000196/2025
    to the Commission
    Rule 144
    Mélanie Disdier (PfE), Roman Haider (PfE), Séverine Werbrouck (PfE), Milan Uhrík (ESN), Petar Volgin (ESN), Nikola Bartůšek (PfE), Hans Neuhoff (ESN), Rada Laykova (ESN), Fabrice Leggeri (PfE), Ondřej Knotek (PfE), Diana Iovanovici Şoşoacă (NI), Valérie Deloge (PfE), António Tânger Corrêa (PfE)

    The challenges that ArcelorMittal is facing are the latest symptom of the EU’s unhealthy economic climate, which has endured for several decades.

    Before the creation of the European Union, Europe knew how to develop corporate groups that became leaders in their field, such as Airbus and Ariane. Europe was a major player in industry.

    However, since the 1980s, and in particular since the Maastricht Treaty, Europe no longer builds or innovates. We have missed the internet revolution, technological revolutions and the AI revolution. Today, even our industrial jewels are under threat and are either collapsing or being gradually bought up by foreign powers.

    The European Union was supposed to make us stronger. Instead, it has only pitted us against each other.

    At the heart of this game is the Commission, which has been unable to develop anything other than rules and restrictions without doing anything productive.

    While the US is innovating into outer space, the Commission is innovating us all into the ground.

    • 1.Does the Commission acknowledge that its policies have failed?
    • 2.Does the Commission intend to continue with the European failures of the last 40 years?
    • 3.The European Green Deal is one example of the policies holding back prosperity. Is the Commission going to reassess it?

    Submitted: 17.1.2025

    MIL OSI Europe News –

  • MIL-OSI USA: COMING SOON: 2024 Annual Highlights of Results from the International Space Station

    Source: NASA

    The 2024 Annual Highlights of Results from the International Space Station is coming soon. This new edition contains updated bibliometric analyses, a list of all the publications documented in fiscal year 2024, and synopses of the most recent and recognized scientific findings from investigations conducted on the space station. These investigations are sponsored by NASA and all international partners – CSA (Canadian Space Agency), ESA (European Space Agency), JAXA (Japan Aerospace Exploration Agency), and the State Space Corporation Roscosmos (Roscosmos) – for the advancement of science, technology, and education.

    Between Oct. 1, 2023, and Sept. 30, 2024, more than 350 publications were reported. With approximately 40% of the research produced in collaboration between more than two countries and almost 80% of the high-impact studies published in the past seven years, station has continued to generate compelling and influential science above national and global standards since 2010.
    The results achieved from station research provide insights that advance the commercialization of space and benefit humankind.
    Some of the findings presented in this edition include:

    Improved machine learning algorithms to detect space debris (Italian Space Agency)
    Visuospatial processing before and after spaceflight (CSA)
    Metabolic changes during fasting intervals in astronauts (ESA)
    Vapor bubble production for the improvement of thermal systems (NASA)
    The survival of microorganisms in space (Roscosmos)
    Immobilization of particles for the development of optical materials (JAXA)

    The content in the Annual Highlights of Results from the International Space Station has been reviewed and approved by the International Space Station Program Science Forum, a team of scientists and administrators representing NASA and international partners that are dedicated to planning, improving, and communicating the research operated on the space station.
    For the Annual Highlights of Results 2023, click here.

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: Padma Shri for Hariman Sharma: The Apple Man of India

    Source: Government of India (2)

    Posted On: 27 JAN 2025 4:16PM by PIB Delhi

    Shri Hariman Sharma, a visionary farmer from Himachal Pradesh, has been honored with Padma Shri, the highest Civilian Award for his transformative contribution to Indian agriculture.  He developed an innovative, self- pollinating, low chilling apple variety called HRMN – 99, that has revolutionized the apple cultivation landscape in the country and brought a juicy nutritive variety more within reach in terms of geography and affordability.  

    Unlike commercial apple varieties that require temperate climates and extended chilling hours, HRMN-99 thrives in tropical, sub-tropical, and plain regions with summer temperatures reaching 40-45°C, enabling apple farming in areas where it was previously considered unviable.

    Orphaned during childhood, Hariman Sharma’s journey from the mountainous lanes of his tiny hamlet Paniala, located in Bilaspur (HP) to the great halls of Rashtrapati Bhavan is truly inspirational not only for the farming community, but also for the students, researchers and horticulturists of the country. Despite all odds, Shri Sharma completed his education till matric and pursued his passion for farming and pomology.

    The story of the HRMN-99 apple variety began in 1998 when Hariman Sharma planted a few seeds from discarded apples used for household consumption in his backyard. Remarkably, one of these seeds sprouted the following year, and by 2001, the plant bore fruit despite the warm climate of Paniala, situated at an elevation of 1,800 feet. Realizing its potential, he carefully tended to the mother plant and propagated it through grafting, eventually establishing a flourishing apple orchard.  Over the following decade, he focused on expanding his orchards by experimenting with various scions, grafting techniques and refining his innovative apple variety. Despite his efforts to share this breakthrough with regions having similar climatic conditions, his work initially garnered limited attention from both the farming and scientific communities.

    In 2012, the National Innovation Foundation (NIF) – India, an autonomous institute of the Department of Science and Technology (DST), Government of India, scouted this innovation. NIF verified the distinctness of the variety and supported its validation by facilitating molecular studies, fruit quality testing, and multi-location trials in collaboration with ICAR institutions, Krishi Vigyan Kendras (KVKs), agricultural universities, state agriculture departments, farmers and volunteers spread across the country. Through these collaborative efforts, the variety has expanded to 29 states and UTs, including Bihar, Jharkhand, Manipur, Madhya Pradesh, Chhattisgarh, Uttar Pradesh, Maharashtra, Gujarat, Dadra, and Nagar Haveli, Karnataka, Haryana, Rajasthan, Jammu & Kashmir, Punjab, Kerala, Uttarakhand, Telangana, Andhra Pradesh, West Bengal, Orissa, Pondicherry, Himachal Pradesh as well as planted at Rashtrapati Bhavan, New Delhi. NIF also facilitated the registration of the variety at the Protection of Plant Varieties and Farmers’ Rights Authority, New Delhi.

    For his innovation, Shri Hariman Sharma was conferred the National Award in 2017 during the 9th National Biennial Grassroots Innovation and Outstanding Traditional Knowledge Awards by then Hon’ble President of India Shri Pranab Mukherjee. He also has several accolades to his credit including the National Innovative Farmer Award by Agriculture and Farmers Welfare Ministry, GoI (2016), IARI Fellow Award (2017), Kisan Vaigyanik Upadhi by DDG, ICAR (2017), National Best Farmer Award (2018), Rashtriya Krishak Samrat Samman (2018) Jagjivan Ram Krishi Abhinav Award (2019) and several state and central government awards. He also represented India in the 4th ASEAN India Grassroots Innovation Forum (AIGIF) held during November 2023 in Malaysia.

    The HRMN-99 variety, characterized by its striped red-over-yellow skin, soft and juicy pulp, and ability to produce up to 75 kg of fruit per plant annually, has empowered thousands of farmers across India. NIF also supported its commercial adoption, establishing apple orchards and providing training to in collaboration with the State Agriculture Departments and the North Eastern Region Community Resource Management Project (NERCORMP) under North Eastern Council (NEC), Ministry of DoNER, Govt of India to transplant the variety through the North-eastern states at large scale, resulting over one lakhs of saplings of the variety have been planted in all NE states for providing an additional source of income to the farmers.

    Shri Hariman Sharma’s exceptional innovation has not only transformed apple cultivation in India but has also inspired innumerable farmers with additional income and better nutritional access. Through his efforts, the apple once considered rich man’s diet is in the reach of common man. Recognition of his efforts through the Padma Shri Award, stands as a testament to the transformative power of grassroots innovations in addressing national challenges and creating sustainable livelihoods, aligning with the sustainable development goals (SDGs).

     

     

    *****

    NKR/PSM

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  • MIL-OSI Asia-Pac: India’s Petroleum Industry

    Source: Government of India

    India’s Petroleum Industry

    Fueling Growth and Innovation

    Posted On: 27 JAN 2025 8:22PM by PIB Delhi

    Introduction

    India’s petroleum industry is a comprehensive sector encompassing exploration, production, refining, distribution, and marketing of petroleum and its by-products. This includes upstream activities like extraction of crude oil and natural gas, midstream activities such as transportation and storage, and downstream processes including refining and distribution of fuels like petrol, diesel, LPG, and kerosene. A critical contributor to India’s energy basket, the petroleum industry ensures energy security and underpins various economic activities.

    At present, India has nineteen Public-Sector Undertaking (PSU) refineries, three Private-Sector refineries, and one Joint Venture refinery. The country’s refining capacity increased from 215.066 Million Metric Tons per annum (MMTPA) in April 2014 to 256.816 MMTPA in April 2024.

     

    Origin and Brief History

    The roots of India’s petroleum industry trace back to 1867 when the first oil well was drilled in Digboi, Assam. This discovery marked the inception of the country’s exploration and production activities. The establishment of the Indian Oil Corporation in 1959 heralded a structured approach to refining and distribution. Over the decades, the sector witnessed significant expansion, from small-scale refineries to a robust network capable of meeting domestic and export demands. Today, India’s petroleum industry stands as a symbol of resilience and innovation, evolving in response to global and domestic energy challenges.

    Industry Development and Evolution

    The Indian petroleum industry has evolved significantly, driven by technological advancements and policy reforms. The 1990s marked a pivotal era with economic liberalization, leading to increased private and foreign investment. Public sector undertakings (PSUs) like ONGC and Indian Oil Corporation have played a crucial role in exploration and refining. Establishing state-of-the-art refineries, such as Jamnagar Refinery in Gujarat, has bolstered refining capacities, making India a refining hub in Asia. Furthermore, government initiatives like the National Exploration Licensing Policy (NELP) have incentivized exploration activities.

    India’s energy landscape is rapidly evolving. The country boasts 651.8 million metric tons of recoverable crude oil reserves and 1,138.6 billion cubic meters of recoverable natural gas reserves within its sedimentary basins.

    Here are some recent updates in India’s petroleum industry:

    1. India is on track to increase its exploration acreage to 1million square kilometers by 2030, with a 16% increase expected in 2025.
    2. The price of a domestic LPG cylinder in India is among the lowest worldwide, with costs as low as Rs. 803 per 14.2 Kg cylinder. For PMUY households, after a targeted subsidy of Rs 300 per cylinder, the effective price is Rs 503/ cylinder.
    3. The approval process for exploration and production activities in the petroleum industry has now been simplified, reducing 37 approval processes to just 18, of which nine are now available for self-certification.
    4. Introducing the Oilfields (Regulation and Development) Amendment Bill in 2024 ensures policy stability for oil and gas producers, and enables single license for all hydrocarbons. This bill was recently passed by the Rajya Sabha on December 3, 2024.

     

    Foreign trade of Petroleum

    India has witnessed a remarkable surge in petroleum product exports over the last decade. The country’s refining capacity, now exceeding 250 million metric tonnes per annum (MMTPA), has enabled it to cater to global markets.

    Key export destinations include South Asian, African, and European countries. The government’s emphasis on export-oriented growth and establishing Special Economic Zones (SEZs) for refineries have further boosted this trend. Exports not only contribute to foreign exchange reserves but also enhance India’s stature as a global energy supplier.

    Source: https://ppac.gov.in/

     

    Share in GDP

    As per the information provided by the Ministry of Statistics and Programme Implementation, Gross Value Addition (GVA) of manufacture of Coke and Refined Petroleum Products has increased from Rs.1.56 lakh Crore in 2012-13 to Rs. 2.12 lakh Crore in 2022-23 (as per first revised estimates) which has also contributed in increase of All India GDP from Rs.99.44 lakh Crore to Rs. 269.49 lakh Crore in the corresponding period, at current prices. This industry also provides direct and indirect employment to millions, spanning exploration, refining, distribution, and retail sectors. The industry’s value chain supports ancillary industries such as petrochemicals, logistics, and manufacturing. The sector enhances socio-economic stability by fostering skill development and offering diverse career opportunities.

    Global Ranking in Refining and Supply

    India ranks among the top five refining nations globally, thanks to its robust infrastructure and strategic geographic location. The country is the seventh-largest exporter of refined petroleum products. Facilities like the Jamnagar refinery, one of the world’s largest, underscore India’s dominance in the refining sector. This global standing enhances India’s energy security and positions it as a key player in international energy markets. International Energy Agency (IEA) in February 2024 assessed that India will become the largest source of global oil demand growth between now and 2030. India is the second-largest economy in biofuel blending, following Brazil.

     

    Metric

    India’s Global Rank

    Exporter of Refined Products

    7th

    Ethanol Blending in Petrol

    2nd

    BioFuel Producer

    3rd

    LNG Terminal Capacity

    4th

    Refining Capacity (MMTPA)

    4th

     

    Technological Advancements in Petroleum Industry

    Adopting cutting-edge technologies has been pivotal to the petroleum industry’s growth. Enhanced Oil Recovery (EOR) techniques, digitalization, and the use of artificial intelligence (AI) have optimized exploration and production processes. Refineries are increasingly adopting green technologies to minimize environmental impact. Projects such as bio-refineries and the development of alternative fuels like compressed bio-gas (CBG) showcase the industry’s commitment to sustainability and innovation.

    Government Initiatives

    The Indian government has launched several initiatives to bolster the petroleum sector. Here are some key schemes:

    1. Pradhan Mantri JI-VAN Yojana: Supporting bio-ethanol projects such as second generation and third generation plants for sustainable fuel production.
    2. Strategic Petroleum Reserves: Enhancing energy security through storage facilities. In India, the SPR is primarily located at three underground storage facilities in Visakhapatnam, Mangalore, and Padur (Karnataka), with a total capacity of 5.33 Million Metric Tonnes (MMT) of crude oil managed by the Indian Strategic Petroleum Reserve Limited (ISPRL).
    3. Ethanol Blending Program: Promoting biofuels to reduce dependence on fossil fuels and curb emissions. The government has a target of achieving 20% ethanol blending in petrol by 2025-26. Since the inception of the EBP Programme, ethanol blending has increased from 38 crore litres in the Ethanol Supply Year (ESY) 2013-14 to over 707.4 crore litres in ESY 2023-24.
    4. City Gas Distribution Network Expansion: Expanding piped natural gas (PNG) and compressed natural gas (CNG) infrastructure by covering 733 districts in 34 states/UTs covering almost 100% of the mainland area and almost 100% of total geographical area of the country.
    5. Energy Security Initiatives: Investing in overseas exploration and acquisition of oil blocks.

    Moving towards Greener Fuels

    1. SATAT Initiative (Sustainable Alternative Towards Affordable Transportation): The SATAT initiative invites potential investors to set up Compressed Biogas (CBG) production plants. The aim is to make better use of agricultural residue, cattle dung, and municipal solid waste, and provide farmers with an additional source of revenue.
    2. Mission Green Hydrogen: Promoting green hydrogen production to reduce carbon footprint. According to the Ministry of New and Renewable Energy, a global demand of over 100 MMT of Green Hydrogen and its derivatives like Green Ammonia is expected to emerge by 2030. Aiming at about 10% of the global market, India can potentially export about 10 MMT Green Hydrogen/Green Ammonia per annum. The production capacity targeted by 2030 is likely to leverage over ₹8 lakh crore in total investments and create over 6 lakh jobs. Nearly 50 MMT per annum of CO2 emissions are expected to be averted as a result of the various Green Hydrogen initiatives under the Mission. Achievement of Mission targets is expected to contribute to India’s energy security and reduce a cumulative ₹1 lakh crore worth of fossil fuel imports by 2030 .
    3.  National Bio-Energy Programme: Focused on bio-energy production and reducing waste.
    4. Hydrocarbon Exploration and Licensing Policy (HELP): Encouraging private investment in exploration and production.

     

    Implications for India’s Growth and Development

    The petroleum industry’s expansion has multifaceted implications. Economically, it boosts GDP, foreign exchange earnings, and industrial growth. Politically, energy independence strengthens India’s global standing and reduces strategic vulnerabilities. Socially, the industry’s growth promotes rural development through improved energy access and employment.

     

    Future Prospects

    India’s petroleum industry faces a dynamic future, shaped by global energy transitions and domestic demand. Increasing investments in exploration, expanding refining capacities, and embracing renewable energy sources will define its trajectory. Initiatives like green hydrogen production and carbon capture technologies highlight the sector’s adaptability. With a focus on sustainability and energy efficiency, India is poised to maintain its leadership in the global energy landscape while aligning with its climate commitments.

     

    Key Area

    Future Target

    Refining Capacity

    309.5 MMTPA by 2030

    Ethanol Blending

    20% by 2025-26

    Green Hydrogen Production

    5 MMTPA by 2030

    Exploration Acreage

    1 million sq. kms. by 2030

     

    References

    https://www.isprlindia.com/aboutus.asp

    https://mopng.gov.in/

    https://nghm.mnre.gov.in/overviews.php

    https://ongcindia.com/web/eng/about-ongc/ongc-at-a-glance/oil-and-gas-industry

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2043042

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2038435

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1940265

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1946408

    https://www.pib.gov.in/PressReleasePage.aspx?PRID=2003519

    https://pib.gov.in/PressNoteDetails.aspx?NoteId=152007&ModuleId=3&reg=3&lang=1

    https://pib.gov.in/newsite/pmreleases.aspx?mincode=20

    https://ppac.gov.in/import-export

    https://ppac.gov.in/infrastructure/installed-refinery-capacity

    https://pmuy.gov.in/

    https://static.pib.gov.in/WriteReadData/specificdocs/documents/2024/jan/doc202413295811.pdf

    Click here to see PDF.

    ******

    Santosh Kumar/ Ritu Kataria/ Rishita Aggarwal

     

    Annexure 1

    Refineries in India:

    Refinery Location

    Name of the Company

    Name Plate Capacity (MMTPA)

     

    PSU Refineries

    		  

    Digboi – 1901

    Indian Oil Corporation Ltd.

    0.650

    Guwahati – 1962

    Indian Oil Corporation Ltd.

    1.200

    Barauni – 1964

    Indian Oil Corporation Ltd.

    6.000

    Koyali – 1965

    Indian Oil Corporation Ltd.

    13.700

    Bongaigaon – 1974

    Indian Oil Corporation Ltd.

    2.700

    Haldia – 1975

    Indian Oil Corporation Ltd.

    8.000

    Mathura – 1982

    Indian Oil Corporation Ltd.

    8.000

    Panipat – 1998

    Indian Oil Corporation Ltd.

    15.000

    Paradip – 2016

    Indian Oil Corporation Ltd.

    15.000

    Manali – 1965

    Chennai Petroleum Corporation Ltd.

    10.500

    Cauvery Basin* – 1993

    Chennai Petroleum Corporation Ltd.

    0.000

    Mumbai – 1954

    Hindustan Petroleum Corporation Ltd.

    9.500

    Vizag – 1957

    Hindustan Petroleum Corporation Ltd.

    13.700

    Mumbai – 1955

    Bharat Petroleum Corporation Ltd.

    12.000

    Bina^ – 2011

    Bharat Petroleum Corporation Ltd.

    7.800

    Kochi – 1963

    Bharat Petroleum Corporation Ltd.

    15.500

    Numaligarh – 2000

    Numaligarh Refinery Ltd.

    3.000

    Mangalore – 1996

    Mangalore Refinery and Petrochemicals Ltd.

    15.000

    Tatipaka, AP – 2001

    Oil and Natural Gas Corporation Ltd.

    0.066

    Total PSU Refineries

    		  

    157.316

     

     

     
     

    JV Refineries

    		  

    Bathinda – 2012

    HPCL Mittal Energy Ltd.

    11.300

    Total JV Refineries

    		  

    11.300

     

     

     

     

    Private Sector Refineries

    		  

    DTA-Jamnagar – 1999

    Reliance Industries Ltd.

    33.000

    SEZ-Jamnagar – 2008

    Reliance Industries Ltd.

    35.200

    Vadinar – 2006

    Nayara Energy (Formerly Essar Oil Ltd.)

    20.000

    Total Private Sector

    		  

    88.200

    Grand Total

    		  

    256.816

     

     

    * The Cauvery Basin refinery is under capacity augmentation.

    ^The Bina oil refinery, in the year 2021, become wholly owned subsidiary of Bharat Petroleum Corporation Limited – a ‘Maharatna’ PSU of Government of India.

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  • MIL-OSI Asia-Pac: PRAYAGRAJ AIRPORT SETS NEW BENCHMARKS AS THE GATEWAY TO MAHAKUMBH

    Source: Government of India

    Posted On: 27 JAN 2025 6:38PM by PIB Delhi

    Under the leadership of the Prime Minister Shri Narendra Modi and Civil Aviation Minister Shri Ram Mohan Naidu, Prayagraj Airport has transformed into a modern gateway to the city of devotion, culture and the grand Maha Kumbh Mahotsav. Major expansion efforts were undertaken to accommodate the influx of devotees from January 13 to February 26, 2025.

    The efficient operations at Prayagraj Airport result from meticulous planning and coordination. On December 8, 2024, Shri Ram Mohan Naidu reviewed terminal expansion, construction progress and traveler amenities, and issuing time-bound directives. Regular inspections and review meetings with state authorities, DGCA, BCAS, and AAI ensured timely completion of projects. On January 9, 2025, Minister of State Shri Murlidhar Mohol reviewed the work progress at Prayagraj airport.

    To facilitate the sacred journey, 81 additional new flights were introduced into schedule in January 2025. Currently, there are 132 flights operating with approximately 80000 monthly seats to Prayagraj from across India. Presently, Prayagraj is connected directly with 17 cities across India as against 08 cities in December 2024. With direct and connecting flights reaching to 26 cities, including Srinagar and Visakhapatnam; Prayagraj is now a well- connected hub for devotees.

    As per directions of Union Minister of Civil Aviation Minister Shri Ram Mohan Naidu to ensure that airfares remain in check as the festival’s peak days approach, especially during the forthcoming Shahi Sanan on January 29th, February 3rd, and other important Sanan on February 4th, February 12th, and February 26th, 2025; DGCA has advised airlines to ensure sufficient capacity to accommodate passengers. Accordingly:

    1. Akasa Air will begin operating flights on January 28th and 29th, connecting Ahmedabad and in February plans to operate 09 flight from Ahmedabad and 12 flight from Bangalore to Prayagraj adding approximately 4000 seats.

    2. SpiceJet is set to launch flight services between Delhi, Chennai, Guwahati, Bangalore, Ahmedabad, Mumbai, Jaipur and Hyderabad to Prayagraj, adding approximately 43000 seats in February 2025.

    These new flights are part of the ongoing efforts to ensure regional connectivity and accommodate the influx of travelers to Prayagraj during the Maha Kumbh period. The addition of these flights is expected to ease the pressure on airfares and improve overall accessibility for devotees and tourists.

    During Maha Kumbh, the airport witnessed 30,172 passengers and operated 226 flights in just one week, surpassing 5,000 passengers in a single day for the first time. Night flights were also introduced, enabling 24/7 connectivity for the first time in 106 years.

    The airport’s modernization included expanding the terminal area from 6,700 sq. m. to 25,500 sq. m., reconfiguring the old terminal to handle 1,080 peak-hour passengers (up from 540) and operationalizing a new terminal for 1,620 passengers. Parking capacity increased from 200 to 600 vehicles, while check-in counters rose from 8 to 42, and XBIS- HB machines increased to 10 from 4. Aircraft movement efficiency was enhanced with an additional taxi track, parking bays increased from 4 to 15, conveyor belts from 2 to 5 and airport gates from 4 to 11. Additional aerobridge and more security infrastructure, including door-framed metal detectors were added.

    Passenger comfort saw notable improvements with the addition of lounges, a child care room, and boarding bridges (increased from 2 to 6). F&B counters were increased, complemented by the UDAN Yatri Cafe for affordable food. New services include meet-and-greet assistance for differently-abled individuals, prepaid taxi counters, and a city bus service in collaboration with the UP Government. Medical facilities were bolstered with ambulance deployment and air ambulance services; while arriving pilgrims receive floral welcomes for a warm start to their journey.

    This transformation underscores the government’s commitment to delivering world-class infrastructure, ensuring seamless connectivity and unmatched travel experiences for all devotees visiting Maha Kumbh 2025.

    *******

    PSF/DK

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  • MIL-OSI Asia-Pac: Over 23,000 Track Kilometers Upgraded for 130 kmph Speed

    Source: Government of India

    Over 23,000 Track Kilometers Upgraded for 130 kmph Speed

    Indian Railways Achieves Significant Milestone

    Posted On: 27 JAN 2025 6:37PM by PIB Delhi

    Indian Railways has achieved a significant milestone by upgrading over 23,000 track kilometers (TKM) of the Indian Railways network to support train speeds of up to 130 kilometres per hour (kmph). This remarkable progress underscores the government’s commitment to modernizing railway infrastructure, improving connectivity, and reducing travel times for millions of passengers nationwide. With nearly one-fifth of India’s railway network now equipped for higher speeds, these advancements have been made possible through robust safety measures such as modern signalling systems and strategic fencing, marking a new era of efficiency and reliability in train travel.

    The modernization of track infrastructure involves comprehensive upgrades, including the strengthening of tracks to ensure stability and durability for high-speed operations, the implementation of advanced signalling systems for precise communication and safe train operations, and the installation of safety measures such as fencing at vulnerable locations to enhance security and mitigate risks. These efforts align with Indian Railways’ goal of fostering a safer and more efficient railway network, catering to the needs of both passenger and freight demands.

    The upgrades prominently feature sections of the Golden Quadrilateral and Golden Diagonal networks, vital corridors linking the nation’s major cities. These routes, which handle a significant portion of India’s passenger and freight traffic, are now better equipped to accommodate higher speeds, ensuring faster transit and improved logistics.

    Additionally, around 54,337 TKM of tracks have been upgraded to support speeds up to 110 kmph. This systematic enhancement ensures seamless connectivity across various regions and bolsters the overall operational efficiency of Indian Railways.

    Indian Railways’ flagship semi-high-speed train, the Vande Bharat Express, exemplifies the success of these infrastructure improvements. Capable of achieving speeds up to 160 kmph, the Vande Bharat Express symbolizes a new era in Indian train travel, offering passengers a faster, more comfortable, and premium travel experience. To accommodate such speeds safely, Indian Railways has prioritized safety fencing along high-speed track sections. These measures not only ensure the smooth operation of trains but also minimize the risk of accidents. Compared to the previous year, specialised train services during periods of peak demand increased significantly by 54%, reaching to 57,169 services.

    ASPECT

    DETAILS

    Increased Revenue

    A 4% rise in earnings between April and December of the current fiscal year, 2024-25 with ₹1.26 lakh crore revenue from freight operations. The passenger segment earnings increased by 6%, reaching Rs 55,988 crores.

    Higher Capital Expenditure

    2% higher capital expenditure in 2024-25 where the capital investments increased to ₹1.92 lakh crore during the current fiscal year, 2024-25 showcasing the government’s commitment to infrastructure development.

    Enhanced Freight Efficiency

    For the January-24 to November-24 period, the revenue earning freight loading on Indian Railways has been 1473.05 metric tonnes, recording a growth of 3.86% over the corresponding period of last year.

    The ongoing modernization drive of Indian Railways extends far beyond track upgrades. With a focus on adopting cutting-edge technologies, strengthening infrastructure, and enhancing passenger amenities, Indian Railways is setting the stage for a transformative travel experience. These initiatives are aimed at improving the reliability and efficiency of train services, fostering economic growth by enabling the faster movement of goods and passengers, and ensuring an inclusive and accessible railway system that caters to the diverse needs of the population.

    With the successful completion of these upgrades, Indian Railways is establishing new benchmarks in speed, safety, and service. These efforts not only enhance the travel experience for millions of passengers but also reaffirm the role of Indian Railways as the lifeline of the nation.

    As the modernization journey progresses, Indian Railways continues to symbolize progress and innovation, driving India toward a brighter and more interconnected future. The advancements reflect the organization’s commitment to building a railway network that supports the nation’s growth and meets the aspirations of its people.

    References

    Click here to see PDF.

    *****

    Santosh Kumar/ Sarla Meena/ Gouri S/ Vatsla Srivastava

    (Release ID: 2096768) Visitor Counter : 55

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Office of PSA, IISc and MEA organise Technology Dialogue 2025 to Explore New Frontiers in Technology Diplomacy on 24th and 25th January 2025

    Source: Government of India

    Posted On: 27 JAN 2025 6:21PM by PIB Delhi

    Office of the Principal Scientific Adviser (PSA) to the Government of India, Indian Institute of Science (IISc) and the Ministry of External Affairs (MEA) jointly organised an international technology policy summit titled “Technology Dialogue 2025: Exploring New Frontiers in Technology Diplomacy” on 24 and 25 January 2025 in IISc, Bengaluru as a continuation to Dialogue 2023 held in November 2023.

    Recognising the importance of technology in driving India’s global partnerships, the summit focused on India’s international technology engagement framework, and the need for leveraging strategic partnerships on critical and emerging technologies such as quantum, AI, semiconductors, space tech, and bioeconomy.

    The summit was inaugurated with a keynote address on International Technology Engagement Framework (ITEF) by the Hon’ble Minister of State (Independent Charge) for Science and Technology, Dr. Jitendra Singh, who highlighted various national initiatives and missions aimed at advancing India’s technological aspirations while emphasizing the importance of global partnerships and collaborations. Hon’ble Minister Dr Singh also emphasised the need for a structured framework and approach in elevating India’s International Technology Engagements. The inauguration ceremony was joined by Prof. Ajay Kumar Sood (Principal Scientific Adviser to the Government of India), H.E. Pavan Kapoor (Deputy National Security Adviser, Government of India), Shri S. Raghuram (Joint Secretary of Policy Planning & Research, Ministry of External Affairs), Prof. G. Rangarajan (Director of IISc), and Dr. Kiran Mazumdar-Shaw (Chairperson and Managing Director of Biocon), and was chaired by Prof. G.K. Ananthasuresh (Dean of the Division of Mechanical Sciences, IISc). PSA Prof. Ajay Kumar Sood delivered a special address on conceptualisation and building blocks of ITEF. Dr. Kiran Mazumdar-Shaw delivered a special address on industrial perspective that should shape India’s ITEF.

    The summit featured a keynote address on leveraging strategic partnerships on critical and emerging technologies for India by H.E. Pavan Kapoor (Deputy National Security Adviser, Government of India). This was followed by a featured panel on expanding the contours of international engagements for technology partnerships featuring H.E. Chandru Iyer (His Majesty’s Deputy Trade Commissioner for Investment for Souh Asia, Deputy High Commissioner of the United Kingdom to Karnataka and Kerala), H.E. Carly Partridge (Minister Counsellor,  Australian High Commission), H.E. Alfonso Tagliaferri (Consulate General of Italy in Bengaluru), Dr Soren Tranberg Hansen (Consulate General of Denmark) and Dr Rama Swami Bansal (Chief Scientist & Head, International S&T Affairs Directorate, Council for Scientific and Industrial Research (CSIR).

    The second day began with a keynote address on Technology and Development Partnerships of India by Shri Periasamy Kumaran, Special Secretary (ER & DPA), Ministry of External Affairs where he highlighted the ongoing bilateral efforts of Government of India with multiple countries in emerging and critical technologies.

    Thematic panel on ‘Fostering Collaboration for Quantum Revolution’ was organised on to deliberate on advancements in quantum technologies and policy imperatives globally. The panel began with a lead presentation by Prof. Ajay Kumar Sood highlighting features of India’s National Quantum Mission (NQM). The panel also featured Prof Andrew White (ARC Australian Laureate Fellow), Dr Amith Singhee (Director, IBM Research India) and Prof Urbasi Sinha (Professor at Raman Research Institute), moderated by Mr Luke Preskey (Chief Revenue Officer, Resonance).

    The summit also featured a dialogue between Dr S Somanath (Former Secretary, Department of Space and former Chairman of ISRO), and Dr Koichi Wakata (Astronaut and CTO, Asia-Pacific at Axiom Space) on the theme, ‘Unlocking Potentials of Space Tech’ discussing space exploration boom, the entry of private entities, industry partners and foreign investment, as well the encouraging growth of space startups.

    The panel on ‘Accelerating Artificial Intelligence (AI) Innovation’ featured Shri S Krishnan (Secretary, Ministry of Electronics and Information Technology), H.E. Arthur Barichard (Deputy Ambassador for Digital Affairs, Ministry for Europe and Foreign Affairs, Republic of France), Ms Laxmi Shenoy (Managing Director, Accenture), Shri Biswajit Das (Head – Data Analytics and AI, Amazon Web Services), and Dr Leah Junck (Global Center on AI Governance, South Africa), moderated by Prof Chiranjib Bhattacharyya (Chair, Department of Computer Science and Automation, IISc). The panel deliberated on building a trustworthy AI ecosystem, focusing on AI governance, the future of work, and AI for public interest.

    The panel on ‘Advancing India’s Bio-Economy’ featured Dr Alka Sharma (Adviser, Department of Biotechnology), Shri Krishna Mohan Puvvada (Senior Vice President, MEIA Novonesis), Mr Peter Bains (Group CEO of Biocon Group), Prof Usha Vijayraghavan (Dean, Biological Science Division, IISc) and Dr Bhuvnesh Shrivastava (Director- Healthcare, US-India Strategic Partnership Forum (USISPF), moderated by Prof Gayatri Saberwal (Dean, Institute of Bioinformatics and Applied Biotechnology). The panel discussed the importance of international collaboration for India to achieve its bio-economy ambitions.

    The valedictory session featured a keynote address on driving sectoral transformation through independent and synergistic technology advancements by Dr Parvinder Maini, Scientific Secretary, Office of the Principal Scientific Adviser to the Government of India. The session also featured a fireside chat on positioning India in the global semiconductor value chain between Shri Utpal Shah (Senior Vice President – Strategy and Business Development, Tata Electronics) and Prof Andrew White, chaired by Prof Navakanta Bhat (Dean, Division of Interdisciplinary Sciences, IISc).

    The Technology Dialogue 2025 also featured the India-France AI Policy Roundtable: Roadmap for the AI Action Summit 2025. The roundtable was co-chaired by Shri Abhishek Singh, Additional Secretary, Ministry of Electronics and Information Technology (MeitY), Government of India, and Chief Executive Officer of the IndiaAI Mission, representing India, and H.E. Mr. Marc Lamy, Consul General of France in Bengaluru, representing France. The discussion focused on key policy positions related to global AI development and governance, while also exploring opportunities for collaboration and synergy between India and France. The roundtable focused on the following key objectives:

     

    ●          Unified Global AI Governance

    ●          Understanding AI Technologies and Implications

    ●          Addressing Digital Divide and Market Concentration

    ●          Common and Open AI Infrastructure

    ●          Cultural and Linguistic Diversity in AI

    ●          Sustaining AI Innovation and Addressing Resource Needs

     

    The India-France AI Policy Roundtable, during Technology Dialogue 2025, served as a platform for discussions leading up to the 2025 AI Action Summit to be co-chaired by Hon’ble Prime Minister Shri Narendra Modi.

    The two day summit exploring technology policy and diplomacy efforts with key partner countries witnessed the participation from various foreign missions in India, global thought leaders on critical and emerging technologies, industry and academia thought leadership in various technologies, industries bodies, start-ups and scholars of public policy.

    More details at: https://technologydialogue.in/

    *****

    Mattu J.P. Singh/Siddhant Tiwari

    (Release ID: 2096762) Visitor Counter : 59

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: India’s participation in International Travel Trade Exhibition at FITUR, Madrid from 22nd – 26th January 2025

    Source: Government of India (2)

    India’s participation in International Travel Trade Exhibition at FITUR, Madrid from 22nd – 26th January 2025

    India Pavilion Showcased India’s Rich Cultural and Natural Heritage

    FITUR is the Global Meeting Point for Tourism Professionals and Leading Fair for Inbound and Outbound Markets in Ibero-America

    Posted On: 27 JAN 2025 5:56PM by PIB Delhi

    The Ministry of Tourism, Government of India, participated in one of the leading travel fairs – IFEMA being held in Madrid, Spain for positioning India as a potential leading destination in the source market of Spain and Latin America. The exhibition at FITUR, considered to be a benchmark event in the tourism sector, was held from 22nd – 26th January 2025. FITUR is the global meeting point for tourism professionals and leading fair for inbound and outbound markets in Ibero-America.

    The Incredible India pavilion at FITUR was inaugurated by H.E. Shri Dinesh K. Patnaik, Ambassador of India to Spain, in the presence of officials from the Ministry of Tourism, State governments and co-exhibitors on 22nd January 2025. The Indian delegation comprised of more than 23 co-exhibitors, including the State Governments of Karnataka, Sikkim, Chhattisgarh and Jharkhand amongst others showcased their unique tourism products and experiences under the Incredible India banner at FITUR. The international exhibition, provided a platform to the stakeholders to network and connect with potential clients and partners in the Spanish source market.

    The India Pavilion showcased India’s rich cultural and natural heritage, including renowned museums, wildlife sanctuaries, spiritual destinations and dance forms, all of which together combine to make India a popular destination for travellers seeking unique and authentic experiences.  The Pavilion also vividly highlighted the grandeur of the Maha Kumbh, one of the largest and most significant religious congregations in the world, while emphasizing the tourism potential of Prayagraj as a spiritual and cultural destination. Spain is also one of the 20 top tourist generating markets for inbound tourist flow to India with approximately 70,000 Spanish tourists visiting the country in 2023, almost double the numbers who had visited India in 2022. The year 2026 will be marked as the Dual Year of Culture, Tourism and Artificial Intelligence on the occasion of 70th year of diplomatic relations between India and Spain.

    The Ministry of Tourism, Government of India, also, in order to encourage the Indian diaspora to become Incredible India ambassadors, has launched ‘Chalo India Initiative’. The Indian diaspora members can register themselves on the Chalo India portal – www.chaloindia.gov.in to receive a unique referral code and send 5 non-Indian friends to travel to India to explore the grandeur and diverse experiences that India offers.

    ***

    Sunil Kumar Tiwari

    (Release ID: 2096750) Visitor Counter : 75

    MIL OSI Asia Pacific News –

  • MIL-OSI: Xpanse Launches First AI-Powered, Multi-Liquidity Perpetual Futures

    Source: GlobeNewswire (MIL-OSI)

    PANAMA CITY, Jan. 27, 2025 (GLOBE NEWSWIRE) — Xpanse, a groundbreaking decentralized perpetual exchange created by Horizon Protocol, is thrilled to announce the launch of its AI-powered perpetual futures platform on the MODE Mainnet. This marks a significant leap forward in trading innovation, expanding into a unified liquidity system, pioneering AI-driven trading, and evolving into a multi-chain ecosystem.

    What is Xpanse?

    Xpanse is an AI-powered, multi-layered liquidity perpetual exchange designed to empower traders of all levels.

    AI-Enabled Trading Signals and Indicators

    As part of the Phase One launch, Xpanse introduces three cutting-edge AI-enabled trading signals and indicators: ViperAI, WaveML, and Minima/Maxima. These tools provide traders with actionable insights to enhance their strategies across various markets:

    • ViperAI: The flagship full trading strategy designed to maximize profits by accurately predicting directional momentum. It delivers long/short market-neutral signals, real-time entry and exit notifications, and built-in stop-loss features, ensuring comprehensive trade management.
    • WaveML: An indicator that identifies market inefficiencies by spotting opportunities when prices deviate from fully efficient conditions. WaveML highlights these “waves” in the market, enabling traders to capitalize on temporary price movements.
    • Minima/Maxima: A scalping tool that identifies peaks (resistance) and valleys (support) in real-time, helping traders make informed decisions on temporary tops or bottoms in the market.

    These AI-driven tools, available directly within Xpanse’s Perpetual Futures platform, empower traders to execute sophisticated strategies with precision and confidence.

    Multi-Layered Liquidity Models

    Xpanse integrates three distinct liquidity models to cater to diverse trading strategies and requirements:

    • Intent-based Liquidity: Live now, offering seamless execution with gasless trading, instant open/close functionality, and exclusive AI-powered indicators.
    • Oracle-based Liquidity: Enhancing pricing accuracy and execution precision.
    • Order Book Liquidity: Coming soon to provide traditional order book trading dynamics.

    This unique structure ensures traders have access to flexibility, precision, and advanced AI tools that maximize capital efficiency and optimize returns.

    Xpanse on MODE Mainnet

    The launch of Xpanse on MODE Mainnet begins with Intent-based liquidity, supported by SYMMIO’s cutting-edge infrastructure and Orbs’ liquidity solutions. Key features of this initial release include:

    • Over 340 tradable markets.
    • Up to 60x leverage with cross-margin capabilities.
    • Ultra-competitive fees ranging from 3 to 4 basis points.
    • Exclusive indicators like AI signals and the Fear & Greed indicator.

    This first-of-its-kind integration on MODE leverages the platform’s AI-powered financial ecosystem, bringing advanced AI-driven trading to Layer 2 networks. The second phase of the integration will introduce enhanced AI signals and additional proprietary trading indicators.

    Redefining Trading for the Next Generation

    By combining AI technology with multi-layered liquidity models, Xpanse is setting a new standard for decentralized trading. Traders can look forward to an elevated experience that prioritizes speed, precision, and innovation while maintaining competitive costs.

    What’s Next?

    To celebrate this milestone, Xpanse will soon launch trading competitions and exciting campaigns. Stay tuned for updates and opportunities to explore the future of AI-powered, multi-liquidity perpetual trading.

    For more information, visit https://xpanse.trade/.

    Contact:
    Wen Zhang
    marketing@Horizonprotocol.com

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

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/993693a8-ebf8-441f-8401-c13f57f53d77

    The MIL Network –

  • MIL-OSI: Krishnan Cheerath Appointed Vice President, Products at Mage Data™

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Jan. 27, 2025 (GLOBE NEWSWIRE) — Mage Data™ has announced the promotion of Krishnan Cheerath to the position of Vice President of Products. In this new capacity, Krishnan will lead the company’s product vision and strategy – balancing immediate market needs with future-proofing against emerging regulatory requirements and technological advancements to ensure that the product strategy aligns with the overall vision.

    Since joining Mage Data in 2017, Krishnan has held positions of increasing responsibility and authority first as a Project Manager and then a Product Manager.   His contributions to product strategy and delivery led to his promotion to Director of Product Design in 2023, where he helped to lead the development of the world’s first conversational user interface for a test data management platform for enhanced user experience. During his tenure, he has built an extensive portfolio of innovative product designs with an approach that has helped shaped Mage Data’s ahead-of-the-market offerings. Mage Data looks forward to his continuing to play a pivotal role in shaping the Company’s product vision and strategy as a part of Vision 26 – towards building an increasingly AI-driven solution that shifts the paradigm from being a traditional software solution to a Service-As-A-Software™ model that can serve as a powerful ally helping enterprises navigate complex data security challenges.

    Krishnan completed a Master of Business Administration (MBA) degree from the Indian Institute of Management (IIM) Trichy in 2017 and subsequently completed the Product Strategy course at the Kellogg School of Management, Northwestern University. This program helped refine essential skills in product lifecycle management, opportunity assessment, and agile methodologies. Krishnan’s skillset bridges the gap between market needs and the capabilities of rapidly changing technologies and makes him uniquely suited for Mage Data’s culture of innovation and market leadership.

    “Krishnan has been a cornerstone of our company’s growth and development,” said Padma Vemuri, Senior Vice President and Chief Solutions Architect at Mage Data. “His promotion is a testament not only to his long hours and commitment to the customer’s needs, but also to the promising future we envision together as he steps into executive leadership. I’m excited about the innovative directions Krishnan will guide us towards, strengthening our offerings and elevating our brand.”

    Paula Capps, Chief Operating Officer, added “This promotion exemplifies Mage Data’s commitment to professional growth and development for our team.   Hard work, a commitment to excellence, and visionary thinking is valued at Mage Data. Krishnan is an essential member of the team, and we are pleased that he’s taking on more and more responsibility.”

    “My time at Mage Data has been an incredible professional journey,” Krishnan Cheerath said. “I am deeply honoured and excited to assume the role of Vice President and embrace the challenges and responsibilities that come with it. I am committed to fostering a culture of innovation and collaboration within our teams as we strive to achieve our shared goals.”

    About Mage Data:

    Mage Data is globally recognized as a premier provider of comprehensive enterprise data security solutions, dedicated to serving organizations with sophisticated data protection mechanisms, intricate discovery techniques, and robust compliance capabilities. Our integrated platform is designed to safeguard sensitive information while ensuring uninterrupted business operations. recognized as a Champion in Test Data Management and a leader in data masking by leading analysts, Mage Data’s patented and award-winning platform enables organizations to navigate privacy regulations while ensuring robust security. The company’s client roster includes Swiss banks, Fortune 10 companies, Ivy League universities, and leaders in the financial and healthcare sectors—all of whom rely on Mage Data’s platform for effective data privacy and security solutions. With industry-leading privacy-enhancing technologies designed to secure sensitive information, Mage Data continues to deliver robust data security while ensuring that essential data assets remain accessible for everyday business use. For further details about Mage Data’s solutions, please visit www.magedata.ai or contact us via email at info@magedata.ai.

    Media Contact:
    Deeksha Surya
    3 Columbus Circle, 15th Floor New York, NY 10019
    Telephone: +1 212 203 4365
    Email: info@magedata.ai 

    The MIL Network –

  • MIL-OSI: CareCloud Achieves Record-Breaking Shareholder Turnout and Record Yes Votes to Approve Increase in Authorized Shares

    Source: GlobeNewswire (MIL-OSI)

    SOMERSET, N.J., Jan. 27, 2025 (GLOBE NEWSWIRE) — CareCloud, Inc. (the “Company”) (Nasdaq: CCLD, CCLDO, CCLDP), a leading provider of healthcare technology and generative AI solutions for medical practices and health systems nationwide, today held its special meeting (“Special Meeting”) of CareCloud’s common stock shareholders. At the Special Meeting, a record-breaking 10.8 million shareholders, representing 85% of the votes cast, approved an amendment to the Company’s Certificate of Incorporation to increase the Company’s authorized shares of common stock from 35 million to 85 million shares.

    “We thank our shareholders for their overwhelming support of our proposal,” said Stephen Snyder, Co-Chief Executive Officer of CareCloud.

    The detailed voting results are reflected in the Form 8-K to be filed today with the Securities and Exchange Commission (the “SEC”). Certain information contained in this press release is a summary of relevant portions of the Definitive Proxy Statement and other materials filed with the SEC. The entirety of the filings is available on the SEC’s website and on https://ir.carecloud.com/common-stock-special-proxy.

    About CareCloud

    CareCloud brings disciplined innovation to the business of healthcare. Our suite of AI and technology-enabled solutions helps clients increase financial and operational performance, streamline clinical workflows and improve the patient experience. More than 40,000 providers count on CareCloud to help them improve patient care, while reducing administrative burdens and operating costs. Learn more about our products and services, including revenue cycle management (RCM), practice management (PM), electronic health records (EHR), business intelligence, patient experience management (PXM) and digital health at www.carecloud.com.

    To listen to video presentations by CareCloud’s management team, read recent press releases and view our latest investor presentation, please visit ir.carecloud.com.

    Follow CareCloud on LinkedIn, X and Facebook.

    Forward-Looking Statements

    This press release contains various forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to anticipated future events, future results of operations or future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “might,” “will,” “shall,” “should,” “could,” “intends,” “expects,” “plans,” “goals,” “projects,” “anticipates,” “believes,” “seeks,” “estimates,” “forecasts,” “predicts,” “possible,” “potential,” “target,” or “continue” or the negative of these terms or other comparable terminology.

    Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Forward-looking statements in this press release include, without limitation, statements reflecting management’s expectations for future financial performance and operating expenditures, expected growth, profitability and business outlook, the impact of pandemics on our financial performance and business activities, and the expected results from the integration of our acquisitions.

    These forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are only predictions, are uncertain and involve substantial known and unknown risks, uncertainties and other factors which may cause our (or our industry’s) actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all of the risks and uncertainties that could have an impact on the forward-looking statements, including without limitation, risks and uncertainties relating to the Company’s ability to manage growth, migrate newly acquired customers and retain new and existing customers, maintain cost-effective global operations, increase operational efficiency and reduce operating costs, predict and properly adjust to changes in reimbursement and other industry regulations and trends, retain the services of key personnel, develop new technologies, upgrade and adapt legacy and acquired technologies to work with evolving industry standards, compete with other companies’ products and services competitive with ours, and other important risks and uncertainties referenced and discussed under the heading titled “Risk Factors” in the Company’s filings with the Securities and Exchange Commission.

    The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not assume any obligations to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

    SOURCE CareCloud

    Company Contact:
    Norman Roth
    Interim Chief Financial Officer and Corporate Controller
    CareCloud, Inc.
    nroth@carecloud.com

    Investor Contact:

    Stephen Snyder
    Co-CEO
    CareCloud, Inc.
    ir@carecloud.com 

    The MIL Network –

  • MIL-OSI Economics: Jevons paradox strikes again! As AI gets more efficient and accessible, we will see its use skyrocket, turning it into a commodity we just can’t get enough of.

    Source: Microsoft

    Headline: Jevons paradox strikes again! As AI gets more efficient and accessible, we will see its use skyrocket, turning it into a commodity we just can’t get enough of.

    The Jevons Paradox certainly raises an interesting point about AI. As AI becomes more efficient and cost-effective, it could indeed lead to increased demand, driving up overall resource consumption. This is similar to how improved fuel efficiency in cars can lead to more driving, offsetting some of the initial gains. However, it’s important to consider that AI’s efficiency gains can also lead to: Ultimately, the extent to which the Jevons Paradox applies to AI will depend on various factors, including the specific applications of AI, the pace of technological advancement, and the development of policies that promote sustainable AI practices.

    MIL OSI Economics –

  • MIL-OSI: Radix and Celanese Partnership Leverages AI to Harness the Power of Industrial Data

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Jan. 27, 2025 (GLOBE NEWSWIRE) — Radix, a global technology solutions company at the forefront of industrial digital transformation, and Celanese, a global chemical and specialty material company, are proud to collaborate with Cognite, the global leader in data and AI for industry, on the development of JO.AI, a groundbreaking generative AI-powered solution designed to revolutionize operations in asset-intensive industries.

    Born from the successful development and implementation at Celanese by Radix through their engineering intelligence expertise – and powered by Cognite Data Fusion®, the market-leading DataOps and AI platform for enterprise-scale, complex industrial data management projects – JO.AI is poised to redefine how industrial manufacturers leverage data for enhanced productivity and operational excellence at scale.

    JO.AI will be showcased at the upcoming ARC Industry Leadership Forum 2025 taking place in Orlando, Florida, from February 10-13 under the theme “On the Ground: Accelerate. Optimize. Scale.” Radix will showcase and discuss how the powerful industrial solution is optimizing the future of smart digital manufacturing, directly addressing the challenges faced across industries such as Energy, Chemical, Manufacturing, Oil & Gas, Power Generation & Distribution, Pulp & Paper, and Metals, Mining & Minerals. Industrial manufacturers often struggle to unlock the full potential of their data, even with the presence of data aggregators.

    JO.AI solves this problem by acting as an advanced Industrial Copilot, enabling intuitive, natural language interaction with the Industrial Knowledge Graph provided by Cognite Data Fusion® to make complex data easier to access and action into intelligence tailored specifically for the process industry. JO.AI leverages Cognite Data Fusion’s unmatched data management and comprehensive AI infrastructure to enable the Gen AI application to carry out more complex operations with greater accuracy.

    With Cognite Data Fusion® as its backbone, JO.AI combines operational insights with pre-trained AI agents focused on specific process use cases. “AI has proven to be a valuable business catalyst in today’s dynamic manufacturing landscape, offering unparalleled opportunities for optimization and innovation,” said Sameer Purao, Senior Vice President and CIO at Celanese. “We developed JO.AI – in collaboration with Radix, on top of the robust data foundation provided by Cognite Data Fusion® – to harness the power of AI to improve efficiency, reduce costs and elevate overall productivity.

    Additionally, AI enables smart production through real-time data analysis, facilitating data-driven decisions, process optimization and swift response to market demand. Incorporating AI into our manufacturing operations is not just a technological advancement, but also a competitive advantage.”

    “Digital transformation, especially with AI-powered solutions, is only as strong as the data foundation it’s built upon,” said Bill Hendricks, President of Cognite Americas. “Cognite accelerates time-to-value by enabling seamless integration and management of complex industrial data, providing the essential infrastructure for innovative applications like JO.AI. Working alongside a forward-thinking partner like Radix, who shares our commitment to pushing the boundaries of industrial innovation, we empower organizations to unlock unprecedented value from their data and drive real operational impact.”

    JO.AI empowers operators and engineers in four key areas:

    1. Optimized Operator Rounds: JO.AI provides insights that ensure operations teams are focusing their rounds on the right checklists.

    2. Data-Driven Checklist Management: It recommends the optimal frequency of checklist items, identifies areas with high-volume issues, and highlights deviations.

    3. Balanced Workload: JO.AI helps ensure that the checklist workload is appropriate for each shift.

    4. Streamlined Maintenance: The solution facilitates maintenance and work notification opportunities, recommending resource plans and even assisting operators in writing work orders.

    “JO.AI represents a significant leap forward in the application of AI for industrial settings and asset intensive industries,” said Alex Clausbruch, CEO of Radix North America. “By combining Radix’s expertise in AI and software development with Celanese’s deep industry knowledge, we’ve created a solution that not only addresses the current challenges of data utilization but also unlocks new levels of efficiency and optimization. We believe JO.AI will be a game-changer for asset-intensive industries.”

    “The development of JO.AI is a testament to the power of collaboration and innovation,” added Justin Conroy, Vice President, Digital Product Portfolio at Radix. “We’ve worked closely with Celanese to ensure that JO.AI meets the specific needs of industrial operators worldwide. This solution is not just about technology; it’s about empowering people and teams with the insights they need to make better decisions and drive real business value.”

    Radix will be participating as a Gold Sponsor at the ARC Leadership Forum 2025 in Orlando next month with several opportunities to engage with industry leaders, customers, partners and learn more about JO.AI and its capabilities.

    About Radix

    Founded in 2010, Radix is a privately held global technology solutions company providing consulting, engineering, operations technology, and data and software technology solutions. Radix combines key capabilities and practices to empower customers to thrive along their digital transformation journey. Radix provides technology-based, data-driven solutions to industrial and non-industrial companies worldwide. Radix has experience leading projects in more than 30 countries and has more than 1,700+ employees around the globe, with North American headquarters in Houston, Texas, main headquarters in Rio de Janeiro, additional offices in Sao Paulo and Belo Horizonte, and a presence in Singapore and Amsterdam. To learn more, visit www.radixeng.com.

    About Celanese

    Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We are committed to sustainability by responsibly managing the materials we create for their entire lifecycle and are growing our portfolio of sustainable products to meet increasing customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese is a Fortune 500 company that employs approximately 12,400 employees worldwide with 2023 net sales of $10.9 billion.

    About Cognite

    Cognite makes Generative AI work for industry. Leading energy, manufacturing, and power & renewables enterprises choose Cognite to deliver secure, trustworthy, and real-time data to transform their asset-heavy operations to be safer, more sustainable, and more profitable. Cognite provides a user-friendly, secure, and scalable platform that makes it easy for all decision-makers, from the field to remote operations centers, to access and understand complex industrial data, collaborate in real time, and build a better tomorrow. Visit us at www.cognite.ai and follow us on LinkedIn and X.

    For more information:
    Citalouise Geiggar, Ph.D.
    citalouise.geiggar@radixeng.com 
    Radix

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/05e54c82-5dbb-4054-b519-e0f42ecc5bf1

    The MIL Network –

  • MIL-OSI: Credit Agricole SA : Crédit Agricole Personal Finance & Mobility finalizes the GAC Leasing equity project to support the growth of GAC Group’s electric vehicle sales in China

    Source: GlobeNewswire (MIL-OSI)

    Massy – January 27th, 2025

    Crédit Agricole Personal Finance & Mobility
    finalizes the GAC Leasing equity project to support the growth of GAC Group’s electric vehicle sales in China

    • CA Personal Finance & Mobility finalizes the planned acquisition of 50% of the equity interests of GAC Finance Leasing Co. Ltd. (GAC Leasing), which becomes Guangzhou GAC-Sofinco Finance Leasing Co Ltd (GAC-Sofinco Leasing), the leasing company of one of the largest Chinese manufacturers Guangzhou Automobile Group Co., Ltd. (GAC Group), via a reserved capital increase.
    • With this new joint venture, CA Personal Finance & Mobility will offer financial and operational leasing solutions on the Chinese market in 2025 and will thus promote the deployment of electric vehicles in China.
    • This transaction consolidates a partnership existing since 2009 between CA Personal Finance & Mobility and GAC Group with the creation of GAC-Sofinco AFC, a 50-50 joint venture. The latter operates throughout China and offers automotive financing and services to the GAC-Honda, GAC-Toyota, AION, HYPTEC and GAC Motor networks, serving more than 3,000 dealers.

    CA Personal Finance & Mobility becomes a 50% shareholder in GAC-Sofinco Leasing

    Following a reserved capital increase, CA Personal Finance & Mobility owns 50% of GAC-Sofinco Leasing. The company has been operating on the Chinese market since 2004 and offers financial and operational leasing solutions to GAC customers and its dealer network.

    Through this transaction, CA Personal Finance & Mobility and GAC group are strengthening the leasing offer proposed to Chinese customers, thereby stimulating the sale of electric vehicles, which already represent 60% of the leasing contracts of the new GAC-Sofinco Leasing on a portfolio of more than 200,000 vehicles.

    All necessary authorizations from competition authorities and competent regulators have been obtained. The impact on the CET1 ratio of Crédit Agricole S.A. and that of the Crédit Agricole group will be very limited. 

    « This transaction reaffirms the importance of our long-standing partnership with GAC group. It will enable us to support together and over the long term the development of the particularly dynamic electric automobile market in China. »

    Stéphane PRIAMI – CEO of Crédit Agricole Personal Finance & Mobility

    Key figures:

    • In 2023, GAC group was the 4th largest automotive group in China
    • More than 2.5 million vehicles sold in 2023 worldwide
    • 39,90% of electrified vehicles sold in 2023

    Press Contact

    Adeline Tardif
    presse@ca-cf.fr
    +33 (0)1 87 38 02 88 / +33 (0)6 20 18 84 92

    About Crédit Agricole Personal Finance & Mobility

    Crédit Agricole Personal Finance & Mobility is a leader in personal financing and a provider of access to all mobility solutions in Europe. It distributes directly, at the point of sale or on its partners’ e-commerce platforms, a wide range of financing solutions – amortizable credit, revolving credit, leasing and credit buyback – with associated services including insurance, split payment solutions and services dedicated to mobility, with the aim of meeting the challenges of energy transition in mobility, housing and consumption. Its financing solutions and services are offered in France via Sofinco, in Italy via Agos, in Germany via Creditplus, in Portugal via Credibom, in Spain via Sofinco Espana, in Morocco via Wafasalaf, and in China via GAC-Sofinco (automotive financing only). Crédit Agricole Personal Finance & Mobility aims to be the leader in electric mobility in Europe and offers a mobility continuum in the 22 countries where it is present (leasing, medium and short-term rental, subscription, car sharing, installation of charging stations, etc.). The company relies on Leasys, a joint venture equally owned by Stellantis, CA Auto Bank and Drivalia, the pan-European leader in automotive financing, rental and mobility, Crédit Agricole Mobility Services, a comprehensive service offering dedicated to mobility and the development of automotive financing in its universal subsidiaries in Europe and in Crédit Agricole Regional Banks and at LCL via Agilauto. CA Personal Finance & Mobility acts every day in the interest of its 17.2 million customers and society. As of December 31, 2023, CA Personal Finance & Mobility managed €113 billion in outstanding credit. More information: www.ca-personalfinancemobility.com

    Attachment

    The MIL Network –

  • MIL-OSI: Fluent, Inc. Named to Ad Age’s 2025 Best Places to Work List

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Jan. 27, 2025 (GLOBE NEWSWIRE) — Fluent, Inc. (NASDAQ: FLNT), a leading commerce media solutions company, today announced it has been recognized as one of Ad Age’s 2025 Best Places to Work, appearing on the list as #18.

    Ad Age Best Places to Work is an annual ranking of companies that set the standard in terms of pay, benefits, corporate culture, and leadership. The 2025 list honors 50 companies that demonstrated excellence and adaptability as the advertising industry and media landscape continued to evolve over the past year.

    With nearly 200 employees across the US and Canada, Fluent will continue to invest into its commerce media team as it executes a strategic pivot toward a growing suite of commerce media solutions.

    “We are honored to be recognized in Ad Age’s 2025 Best Places to Work rankings,” said Patrick Sweeney, VP of People at Fluent. “Our commitment to cultivating top talent and fostering a performance-driven culture allows us to deliver outstanding experiences for consumers and measurable results for clients. As an emerging leader in the commerce media space, we’re proud to celebrate this milestone as we continue to drive positive momentum for our business and people.”

    Fluent is dedicated to building a collaborative and supportive work environment where innovation and creativity thrive. Offering benefits that prioritize well-being and professional growth, employees enjoy access to mental health services, flexible paid time off and work schedules, and mentorship programs that connect junior staff with senior leaders. Fluent’s commitment to giving back is equally strong, with annual community service events and a generous donation-matching program empowering employees to support the causes they care about.

    “The companies on Ad Age’s 2025 Best Places to Work list have shown a deep commitment to building workplaces where employees truly want to be—no small feat in today’s challenging labor market,” said Dan Peres, President of Ad Age. “Earning this recognition isn’t just a win for company culture; it also strengthens an organization’s reputation, making it a more attractive place for top talent.”

    Ad Age produced Best Places to Work 2025 in partnership with Workforce Research Group, a research firm specializing in identifying and recognizing great places to work. The competition was open to agencies, ad tech firms, data and research firms, brand or corporate marketing departments or groups, and in-house agencies of marketers.

    Ad Age’s scoring system factors in employee responses and a company’s policies and practices on topics including pay and benefits, work/life balance, recruitment, training, and development. The winners reflect the highest overall numerical scores based on an analysis of questionnaires submitted by employers and survey responses from their employees.

    To see current job openings at Fluent, visit https://fluentco.com/careers/.

    About Fluent, Inc.

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

    About Ad Age

    Created in 1930 to cover a burgeoning industry with objectivity, accuracy and fairness, Ad Age continues to be powered by award-winning journalism. Today, Ad Age is a global media brand focusing on curated creativity, data and analysis, people and culture, and innovation and forecasting.

    Contact Information

    Investor Relations
    Fluent, Inc.
    InvestorRelations@fluentco.com

    The MIL Network –

  • MIL-OSI Russia: “You need to have the knowledge, skills and competencies to build a successful business in the Eastern markets”

    Translation. Region: Russian Federation –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    © Mikhail Dmitriev / Higher School of Economics

    HSE Expert Club “Eastern perspective» held its first event — a business session dedicated to launching and developing a successful business in India. The club was created by HSE experts to discuss tools, trends and insights on cooperation between Russia and the countries of Southeast Asia, the Near and Middle East, and North Africa. The participants were addressed by experts with many years of successful experience working in the Indian market in the interests of the world’s largest corporations.

    It is no coincidence that the first event of the Eastern Perspective was dedicated to India. Today, this country is the fastest growing economy in the world among the G20 countries with more than 7 percent annual GDP growth, a growing consumer market and high rates of technological progress. This opens up unique opportunities for Russian companies, emphasized the moderator of the event, Deputy Director for Marketing Communications at the National Research University Higher School of Economics Dmitry Chubarov.

    India is one of the most promising countries for entrepreneurs planning to start or grow their business.

    Leading world experts today call this country a “market of billions of chances,” said the associate professor Schools of Oriental Studies Faculty of World Economy and World Politics HSE University Olga Kharina. “Many countries want to have India as a partner, and Western countries are already doing this successfully. Therefore, we also need to use this chance in our own interests – the interests of business and, of course, the state,” she noted.

    Today, the dynamics of the development of Indian industries are as follows: the share of industrial products in the import structure reaches 50%, the annual growth of the beauty industry is 76%, the share of fintech in the volume of attracted financing among startups is 40%, and the share of e-commerce in the volume of attracted financing among startups is 20%. The average age of the population of this country is 28 years, which makes it one of the largest labor markets in the world. About 70% of the population is young people under 35 years old.

    In 2023, India accounted for more than 40% of all smartphone sales in Asia. The number of internet users in India is expected to reach 700 million by 2025. There are already about 450 million, and 1.2 billion mobile users. The Indian smartphone market is the fastest growing in the world. In addition, in 2020, a $ 1.4 trillion transport infrastructure plan was adopted, which includes improving roads, railways and airports. Textile exports are expected to reach $ 100 billion by 2027. India is the second largest producer of crude steel in the world, and the third largest aviation market. The value of the chemical and petrochemical industry reaches $ 1,178 billion, and auto component exports are worth $ 13.3 billion.

    Olga Kharina reviewed several cases related to the development of business of Russian entrepreneurs in India. Their experience showed that obtaining all the necessary permits for work in this country is a more complicated process than expected. It is also important to take into account the specifics of working with local regulatory authorities and carefully study the legislation and tax procedures.

    Olga Kharina also presented a “treasure map” of Indian states, each of which has its own economic characteristics and laws. Thus, the state of Maharashtra (where the financial center of Mumbai is located) is the largest taxpayer and an important center for business. The state of Uttar Pradesh is the most populous (more than 220 million people), but the economy is mainly agricultural. The state of Gujarat is a leader in the production and export of such goods as chemicals, petrochemicals and textiles.

    “India is located in the center of South Asia and has a strategic position as a gateway between East and West Asia. With access to the Indian Ocean, it plays a key role in trade and transport between the countries of Central Asia, the Middle East, Southeast Asia and East Africa. Russia and India maintain close economic ties that are strengthening every year. In recent years, various agreements have been signed on mutual trade, as well as on strategic partnership in the fields of energy, defense and technology,” the speaker emphasized.

    As for the most promising areas for business, India is one of the largest consumers of energy resources, and Russian companies can develop their activities in the field of oil and gas supplies, as well as participate in energy projects. Russia can also offer its developments in the field of IT and innovative technologies, especially in the field of artificial intelligence, machine learning and blockchain. In addition, India is an important importer of agricultural products, and Russian companies can supply there grain, fish, meat, dairy products. At the same time, Indian technologies in agribusiness can be useful for Russian farmers.

    The Indian government actively supports the “Make in India” program, which is aimed at developing manufacturing and stimulating foreign investment in the country.

    “You need to have the knowledge, skills and competencies to build a successful business in new markets, which we now call the Global East – friendly markets that are supported by both Russia and other countries,” emphasized Natalia Guseva, professor at the Faculty of World Economy and World Politics at the HSE and head of the HSE educational programs “Business with the East.”

    She presented the educational programs “Eastern Perspective” for entrepreneurs working with countries of the Near and Middle East, North Africa, and the Indo-Pacific region.

    The university currently offers three such programs. The flagship five-month program isEastern Perspective: Strategy and Tactics for Building a Business” combines the experience and practices of entering new markets in developed countries of the Global East. Intensive three-month program “Eastern Perspective: The Basics of Building a Business” is aimed at obtaining practical knowledge on business development, launching international projects in various sectors of the economy with the countries of the Global East. The three-week program “Eastern Perspective: The Practice of Building a Business in India” focuses on knowledge, strategies and practices for building a successful business in India.

    “You will have a clear understanding of the potential and specifics of Eastern markets depending on what company you work for or what startup you plan to do. When entering new markets, offering your products and services, you must have a clear understanding of the vectors and potentials of development, the features of the financial and tax systems. You also need to understand the main political trends, the features of the local society. You need to clearly assess the export potential, due to which you will compete. Most Russian companies that had experience in international business were mainly focused on the European markets, and that competition strategy was mainly based on low prices, but in the Eastern markets this strategy will be ineffective,” Natalia Guseva emphasized.

    Expert in developing GR tools and strategies for promoting companies on the Indian market, representative of the media conglomerate The Times of India Group in Russia Nair Devadathan spoke about the country’s features that businessmen entering this market should pay attention to. Thus, according to him, caste, religiosity and beliefs are very important in Indian society (for example, entrepreneurs build relationships with partners based on astrological horoscopes). Business connections are also of great importance: to enter the market, it is necessary to find a partner from among local residents – this way the company will be able to receive many preferences and more favorable conditions. “India should be understood as Bollywood,” he said. At the same time, this country loves Russian culture, especially theater and film adaptations.

    According to Nair Devadathan, not only large companies and medium-sized businesses can succeed in this country, but also small production facilities and even individual entrepreneurs – such examples already exist. At the same time, Indian consumers may be interested in absolutely any product, including those subject to sanctions, or services – for example, from the beauty industry or the arts, education or tourism.

    “Promoting Russia is a business in itself. All our young people use social networks, so you need to pay attention to this,” he is convinced.

    In conclusion, Dmitry Chubarov invited the business session participants to take the HSE educational programs dedicated to the East. “The expertise, experience and cases that will be discussed will not be based on abstract textbooks, but on the daily successful practice of both Russian and international companies that are currently operating in the Indian market,” he summed up.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI Canada: No Invasive Mussels Found in Saskatchewan Waters in 2024

    Source: Government of Canada regional news

    Released on January 27, 2025

    Good news from the Ministry of Environment’s aquatic invasive species (AIS) monitoring program: in 2024, no invasive zebra or quagga mussels or spiny waterflea were found in Saskatchewan waters. Last year, the program tested more than 450 water samples from waterbodies all across the province.

    “Our surveys confirm that Saskatchewan’s efforts to protect our lakes and rivers from AIS have been successful,” Environment Minister Travis Keisig said. “Collaborating with our partners, the ministry will continue to implement a robust AIS prevention program that includes monitoring, roadside watercraft inspections and decontamination, and public awareness and education, to ensure that success continues.”    

    In 2024, the ministry inspected more than 3,500 watercraft across the province. Ministry staff intercepted and decontaminated six watercraft carrying invasive zebra or quagga mussels and decontaminated more than 250 watercraft coming to Saskatchewan from high-risk areas infested with AIS that were not properly cleaned, drained or dried. The AIS program also focused on several species of invasive fish, including goldfish, koi and Prussian carp, as well as flowering rush, an invasive aquatic plant that can quickly outcompete native plants in our waterways. 

    Invasive mussels continue to spread in many waters across North America, including waterbodies in Manitoba, Ontario and Quebec, as well as in 34 states including North Dakota and Minnesota. AIS such as invasive mussels pose a serious threat to Saskatchewan. Once established, these organisms are nearly impossible to eliminate. They can significantly affect aquatic habitat and fisheries and can cost the province millions of dollars each year to manage.   

    In the fight against AIS, partnerships are key. The ministry works closely with Saskatchewan’s AIS Task Force, which includes other government agencies, researchers and conservation organizations. The province also partners with Canada Border Services Agency and other federal, provincial and territorial governments to co-ordinate prevention efforts across Western Canada.

    Watercraft users also have an important part to play in reducing the spread of AIS: 

    • Carefully follow the clean-drain-dry protocols for watercraft and gear that comes in contact with the water, before moving between waterbodies.
    • Stop at roadside watercraft inspection stations or risk a $500 fine, plus $80 surcharge.
    • Remove drain plugs on all watercraft during transport, as required by law.

    For more information, visit the AIS page on saskatchewan.ca.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI USA: Sen. Emanuel Jones to Hold Press Conference on Safe Gun Storage Legislation

    Source: US State of Georgia

    ATLANTA (January 27, 2025) — On Tuesday, January 28, Sen. Emanuel Jones (D–Decatur) will hold a press conference on proposed legislation relating to safe gun storage.

    EVENT DETAILS:                      

    • Date: Tuesday, January 28, 2025
    • Time: 1:00 p.m.
    • Where: Georgia State Capitol, South Steps, 206 Washington St SW, Atlanta, GA, 30334
    • This Event is Open to the Public.

    ABOUT THE EVENT:

    The proposed legislation was developed as a result of Sen. Jones’ findings during the Senate Study Committee on Safe Firearm Storage. Information pertaining to the Senate Study Committee on Safe Firearm Storage can be found here.

    MEDIA OPPORTUNITIES:

    We kindly request that members of the media confirm their attendance in advance by contacting Jantz Womack at SenatePressInquiries@senate.ga.gov.

    # # # #

    Sen. Emanuel Jones represents the 10th Senate District, which includes a portion of DeKalb County.  He may be reached at (404) 656-0502 or via email at emanuel.jones@senate.ga.gov.

    MIL OSI USA News –

  • MIL-OSI: Turtle Beach Corporation Appoints Mark Weinswig Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    WHITE PLAINS, N.Y., Jan. 27, 2025 (GLOBE NEWSWIRE) — Turtle Beach Corporation (Nasdaq: TBCH), a leading gaming accessories provider, today announced the appointment of Mark Weinswig as Chief Financial Officer effective February 3, 2025.

    Mr. Weinswig brings over 25 years of extensive financial leadership experience to Turtle Beach. Most recently, he served as CFO at Ouster following its merger with Velodyne Lidar, where he successfully led the development and implementation of integration strategies, resulting in significant cost savings and operational efficiencies. He’s previously held CFO positions at other companies, including Avinger, EMCORE and Avanex, where he consistently delivered improved financial performance and strategic growth.

    “We’re excited to welcome Mark to the Turtle Beach team. His wealth of experience in financial leadership across multiple publicly traded companies makes him an ideal fit for our organization,” said Cris Keirn, CEO, Turtle Beach Corporation. “Mark’s proven track record of driving financial performance and strategic initiatives will be invaluable as we continue executing our growth strategy and enhancing shareholder value. We look forward to his contributions and leadership.”

    Mr. Weinswig holds an MBA from Santa Clara University and a BS in Accounting from Indiana University. He has held both Certified Public Accountant and Chartered Financial Analyst designations.

    “I’m thrilled to join Turtle Beach as the new Chief Financial Officer. Together, we will continue delivering cutting-edge products, while also maximizing value for our shareholders. I look forward to contributing to Turtle Beach’s exciting future, and building on its legacy of excellence,” said Mr. Weinswig.

    Mr. Weinswig succeeds John Hanson, who will move into to a senior advisor role for the next six months to ensure a smooth and effective transition.

    “We are deeply grateful to John for his significant contributions to Turtle Beach during his tenure,” added Cris Keirn. “His leadership and dedication over the years has been instrumental in our success, and we’re pleased that he will continue providing his expertise as a senior advisor during this transition period. We wish him all the best in his retirement.”

    About Turtle Beach Corporation
    Turtle Beach Corporation (the “Company”) (www.turtlebeachcorp.com) is one of the world’s leading gaming accessories providers. The Company’s namesake Turtle Beach brand (www.turtlebeach.com) is known for designing best-selling gaming headsets, top-rated game controllers, award-winning PC gaming peripherals, and groundbreaking gaming simulation accessories. Innovation, first-to-market features, a broad range of products for all types of gamers, and top-rated customer support have made Turtle Beach a fan-favorite brand and the market leader in console gaming audio for over a decade. Turtle Beach Corporation acquired Performance Designed Products (www.pdp.com) in 2024. Turtle Beach’s shares are traded on the Nasdaq Exchange under the symbol: TBCH.

    Cautionary Note on Forward-Looking Statements
    This press release includes forward-looking information and statements within the meaning of the federal securities laws. Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding assumptions, projections, expectations, targets, intentions, or beliefs about future events. Statements containing the words “may”, “could”, “would”, “should”, “believe”, “expect”, “anticipate”, “plan”, “estimate”, “target”, “goal”, “project”, “intend” and similar expressions, or the negatives thereof, constitute forward-looking statements. Forward-looking statements are only predictions and are not guarantees of performance. Forward-looking statements involve known and unknown risks and uncertainties, which could cause actual results to differ materially from those contained in any forward-looking statement. The inclusion of such information should not be regarded as a representation by the Company, or any person, that the objectives of the Company will be achieved. Forward-looking statements are based on management’s current beliefs and expectations, as well as assumptions made by, and information currently available to, management.

    While the Company believes that its expectations are based upon reasonable assumptions, there can be no assurances that its goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect actual results and may cause results to differ materially from those expressed in forward-looking statements made by the Company or on its behalf. Some of these factors include, but are not limited to, risks related to logistic and supply chain challenges and costs, the substantial uncertainties inherent in the acceptance of existing and future products, the difficulty of commercializing and protecting new technology, the impact of competitive products and pricing, general business and economic conditions, risks associated with the expansion of our business including the integration of any businesses we acquire and the integration of such businesses within our internal control over financial reporting and operations, our indebtedness, liquidity, and other factors discussed in our public filings, including the risk factors included in the Company’s most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, and the Company’s other periodic reports filed with the Securities and Exchange Commission. Except as required by applicable law, including the securities laws of the United States and the rules and regulations of the Securities and Exchange Commission, the Company is under no obligation to publicly update or revise any forward-looking statement after the date of this release whether as a result of new information, future developments or otherwise.

    CONTACTS

    Investors:
    tbch@icrinc.com
    (646) 277-1285

    Public Relations & Media:
    MacLean Marshall
    Sr. Director, Global Communications
    Turtle Beach Corporation
    (858) 914-5093
    maclean.marshall@turtlebeach.com

    The MIL Network –

  • MIL-OSI: Bybit Introduces Blockchain-Powered Payment Solution in Brazil with PIX Compatibility

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Jan. 27, 2025 (GLOBE NEWSWIRE) —

    Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched Bybit Pay in Brazil, introducing a cutting-edge payment solution that integrates seamlessly with PIX, the country’s leading instant payment system. The launch underscores Bybit’s commitment to bridging Web2 and Web3 payments and providing a streamlined way for users to transact in both fiat and cryptocurrency. Wherever there is PIX, Bybit Pay can be used.

    Bybit Pay: Redefining Digital Transactions
    Bybit Pay allows users to connect their crypto wallets to a variety of financial possibilities, supporting both fiat and cryptocurrency. The platform simplifies transactions across websites, mobile applications, and point-of-sale (POS) systems, offering an intuitive interface for deposits, withdrawals, and payments. Its launch in Brazil aligns with the country’s growing adoption of digital finance technologies.

    Joan Han, Sales and Marketing Director at Bybit, highlighted the significance of the launch: “Bybit Pay is designed to bridge traditional and digital payments effortlessly. Brazil’s forward-thinking adoption of digital finance makes it the ideal market for this launch. By leveraging PIX QR codes and multi-currency support, Bybit Pay offers a seamless, secure, and flexible solution tailored to the evolving needs of our users.”

    Currently, Bybit Pay is available to verified users in Brazil through the Bybit app and website. The platform supports payments in Brazilian reais (BRL) and leading cryptocurrencies, including USDT, USDC, BTC, and ETH.

    Key Features and Benefits of Bybit Pay

    • PIX QR Code Compatibility

    Bybit Pay integrates with PIX, allowing users to scan QR codes to complete payments in fiat or cryptocurrency. This functionality offers a convenient and familiar experience for Brazilian users.

    • Integrated Wallet Management

    The platform combines crypto and fiat wallet functionality, enabling users to manage funds seamlessly across both financial systems.

    • Multi-Currency Support

    Bybit Pay supports a range of currencies, including BRL and popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).

    • Blockchain-Backed Security

    Bybit Pay ensures secure, tamper-proof transactions through blockchain encryption, maintaining user privacy and transparency.

    • Benefits for Merchants

    Merchants gain the ability to accept payments from Bybit’s global user base of over 60 million, broadening their customer reach and providing an integrated fiat-crypto payment experience.

    Welcome Promotion: Cashback Opportunity for Brazilian Users
    To celebrate the launch, Bybit is offering a promotional campaign that rewards early adopters.

    • Event Period: January 27 – February 28, 2025
    • Eligibility: Users who deposit an equivalent of $100 or more and complete a payment by scanning a PIX QR code.

    Each week, 100 participants will be randomly selected to receive 100 percent cashback in USDT, capped at the BRL equivalent of 100 USDT per user.

    Winner Quotas (Weekly):

    • Payments of $5 – $10: 50 winners
    • Payments of $11 – $50: 30 winners
    • Payments of $51 – $100: 20 winners

    Transforming Digital Payments in Brazil
    Bybit Pay’s integration with PIX, alongside its multi-currency support and blockchain-powered security, positions the platform as a transformative solution in Brazil’s digital payment landscape. The launch represents a significant step forward in Bybit’s mission to enhance global payment systems and provide secure, flexible solutions for users and merchants.

    #Bybit / #BybitPay /#TheCryptoArk

    About Bybit
    Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

    For more details about Bybit, please visit Bybit Press 
    For media inquiries, please contact: media@bybit.com
    For updates, please follow: Bybit’s Communities and Social Media

    Contact

    Head of PR
    Tony Au
    Bybit
    tony.au@bybit.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8d2640d1-8542-442b-93a8-058da17e062d

    The MIL Network –

  • MIL-OSI: Applied Labs raises $4.2M to make it easy to build high quality AI support and ops digital employees

    Source: GlobeNewswire (MIL-OSI)

    New York, Jan. 27, 2025 (GLOBE NEWSWIRE) — Every company today faces mounting pressure to deploy AI, but most solutions fall short on reliability and cannot handle complex, critical workflows. Applied Labs, founded by early Scale AI leaders, announced $4.2 million funding to transform how businesses deploy AI agents for complex support and operations tasks.

    The seed round was led by Abstract, with participation from Point72 Ventures, Outlander, and Tetra. A few notable angel investors include Vercel CEO Guillermo Rauch, Modal CTO Akshat Bubna, and ex-Twitter exec Ali Rowghani. This latest round brings the total raised by Applied Labs to $5.2 million.

    Applied Labs founders: Soham Waychal and Michael Woo.

    Founded in January 2024 by Michael Woo and Soham Waychal, Applied Labs emerged from their firsthand experience with AI applications at Scale AI, where they recognized how much time was spent on critical yet repetitive support interactions and ops workflows. Woo – who joined Scale AI as employee #20 and led a team of 30 focused on ops scalability – saw the opportunity to build AI agents that could handle complex workflows with unprecedented reliability. Waychal, who previously led engineering at a16z-backed Canal and holds 5 AI patents, brings deep technical expertise to the challenge.

    “For companies, there’s an explosion of C-Suite and boardroom interest into the question, what is our AI strategy?” said Michael Woo, CEO of Applied Labs. “The bottleneck isn’t the model anymore – LLM quality, speed and cost have reached an inflection point where almost every business can save time, cost and improve the quality of their support and ops. The challenge is in the data, tools and platform for teams to easily setup and perfect AI agents on their business-critical workflows.  We’re obsessed with making our AI agents the best where if you’re not using them, you’re falling behind.”

    The company focuses on support and operations teams.  Their current solution is an end to end AI customer support agent fine-tuned to the businesses’ knowledge base and empowered with AI actions which typically involve first and third party integrations.  Digital employees in other domains like operations are incoming.  But Woo emphasizes the importance of a human in the loop to ensure quality on all domains.  “AI allows you to scale up your best human judgement on an infinite volume of tasks but human judgment is still necessary to get the best quality results and handle edge cases.“ Woo said.   

    Uniquely, the Applied Labs team is using their expertise at Scale AI to build high quality, reliable and easy to use AI agents.  The solution uniquely combines three critical components to get what they believe are the best results: omnichannel interactions spanning chat, email and phone to handle 100% of volume; sophisticated AI agent orchestration for handling Q&A and AI workflows; and comprehensive evaluation tools for testing, auditing and monitoring AI outputs. This approach includes built-in human-in-the-loop escalations, recognizing that finding the right balance between AI efficiency and human touch for complex, emotional interactions remains crucial.

    The stakes are high – a single misstep in handling customer inquiries or operational tasks can erode trust and escalate problems.  “At Scale when we first did AI labeling or if you think about self-driving cars or even these AI sales agents, if you scale up a poorly thought out AI response or workflow on high volume, it’s deeply damaging.” Woo said.  Applied Labs addresses this by building guardrails and monitoring systems to rigorously test the AI with human-in-the-loop auditing before any new capabilities are broadly deployed. 

    Applied Labs plans to double its headcount in the coming months to meet growing customer interest. The funding will accelerate hiring of engineers to advance the company’s ambitious product roadmap.

    “Few founders truly grasp the operational intricacies of deploying AI in mission-critical workflows. Michael’s experience managing Scale AI’s core data product brings a rare fusion of technical acumen and practical experience — exactly what’s needed to make AI both dependable and transformative. Applied Labs’ commitment to pairing trust with capability, underpinned by their human-in-the-loop approach, is precisely what enterprises need to confidently embrace AI-powered customer support. We couldn’t be more excited to partner with Michael and his team on this journey” commented Ramtin Naimi, Founder & General Partner, Abstract. 

    “Technical decision makers will save their team countless hours everyday on the most frustrating and repetitive workflows,” added Woo. “AI agents, when crafted correctly by the right person, allow you to scale up your best human thinking on repetitive support interactions or ops workflows helping save significant time without sacrificing quality.”

    Looking ahead, while the AI industry races to replace human workflows, Applied Labs is pioneering a more nuanced vision: high quality AI agents that combine machine efficiency with human judgment. By focusing on quality, reliability and empowering non-technical teams to resolve the most complex, painful issues with AI, the company is building toward a future where almost every company can confidently deploy AI across their most complex operations—transforming not just how work gets done, but redefining what’s possible when artificial and human intelligence work in harmony.

    Ends 

    Media images can be found here. 

    About Applied Labs
    Founded in 2024, Applied Labs is crafting exceptional AI agents that solve real world problems. The team brings together human creativity and artificial intelligence to unlock incredible possibilities. The team is working with ambitious companies to build exceptional AI support and ops agents. Applied Labs is trusted by the world’s largest enterprises, modern small businesses and everyone in between. For more information please visit https://appliedlabs.ai/ or follow via LinkedIn and X. 

    About Abstract
    Abstract is a venture capital firm based in San Francisco with $1.5 billion in assets under management. The firm is sector-agnostic and focused on seed and early-stage founders. Since its founding in 2016, Abstract has invested in many breakout companies, including Solana, Rippling, Partiful, Neon, Garner Health, Clay, Hebbia AI, and X.ai, among others. Today, the firm’s reputation among founders is built on fierce loyalty, unparalleled connections, and a relentless drive to help them win. 

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  • MIL-OSI: Discover the Future of AI Video in an Online Webinar with Beamr, Oracle and NVIDIA

    Source: GlobeNewswire (MIL-OSI)

    Join an online webinar, “The Future of Video AI – From Infrastructure to Experience,” on January 29, 2025, at 11:30 AM ET

    Herzliya Israel, Jan. 27, 2025 (GLOBE NEWSWIRE) — Beamr Imaging Ltd. (NASDAQ: BMR), a leader in video optimization technology and solutions, today announced a webinar exploring “The Future of Video AI – From Infrastructure to Experience”, with Jeffrey Schick, VP Strategic Client Engagement Media and Entertainment at Oracle, Richard Kerris, VP of Media and Entertainment at NVIDIA, and Sharon Carmel, CEO and Co-Founder at Beamr. The online webinar will be held on January 29, 2025, at 11:30 AM ET. To join the webinar, please register here.

    The webinar will explore the opportunities and challenges of building high-performance video pipelines for AI-driven applications. The discussion will highlight the infrastructures and technologies essential for creating engaging experiences, providing insights relevant to companies already utilizing AI video pipelines or those considering using them. The webinar will discuss Oracle Cloud Infrastructure (OCI), which delivers powerful AI compute with advanced graphics and media accelerated with NVIDIA L40S GPUs. Beamr’s proprietary Content Adaptive Bitrate technology (CABR) is available on OCI through the Beamr Cloud service, allowing high-efficiency video operations. The webinar will also highlight NVIDIA Holoscan for Media, NVIDIA’s AI platform for live media, NVIDIA’s 8th-generation GPU encoder (NVENC), the NVIDIA Blackwell architecture for Generative AI and NVIDIA RTX 4000 Ada Generation GPUs.

    The webinar will cover:

    • How AI is revolutionizing the video industry: Explore the upcoming change in handling, storing and delivering media content while improving user experiences.
    • Real-time content personalization: Learn about AI models’ ability to adapt videos and deliver unlimited content versions within the same process, as well as other innovative use cases.
    • The landscape of video AI models: Gain insights about generative AI models translating text to video, algorithms transforming video to text, enabling automated tagging and editing, or advanced features like super resolution – taking low resolution videos and transforming them to 4K resolution and beyond.

    To join the online webinar “The Future of Video AI – From Infrastructure to Experience”, please register here.

    ​​About Beamr

    Beamr (Nasdaq: BMR) is a world leader in content-adaptive video optimization and modernization. The company serves top media companies like Netflix and Paramount. Beamr’s inventive perceptual optimization technology (CABR) is backed by 53 patents and won the Emmy® award for Technology and Engineering. The innovative technology reduces video file size by up to 50% while guaranteeing quality.

    Beamr Cloud is a high-performance, GPU-based video optimization and modernization service designed for businesses and video professionals across diverse industries. It is conveniently available to Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI) customers. Beamr Cloud enables video modernization to advanced formats such as AV1 and HEVC, and is ready for video AI workflows. For more details, please visit www.beamr.com

    Forward-Looking Statements

    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. Forward-looking statements in this communication may include, among other things, statements about Beamr’s strategic and business plans, technology, relationships, objectives and expectations for its business, the impact of trends on and interest in its business, intellectual property or product and its future results, operations and financial performance and condition. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report filed with the SEC on March 4, 2024 and in subsequent filings with the SEC. Forward-looking statements contained in this announcement are made as of the date hereof and the Company undertakes no duty to update such information except as required under applicable law.

    Investor Contact:

    investorrelations@beamr.com

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