Category: Machine Learning

MIL-OSI Russia: Artificial Intelligence Transforms Moscow’s Transport and Road Safety
Source: Moscow Department of Transport

The Moscow Department of Transport reported on the main projects related to Artificial Intelligence. From biometric payments to autonomous trams and advanced video analytics, AI-driven innovations are setting new standards in public transportation and traffic management.

Artificial Intelligence Transforms Moscow’s Transport and Road Safety.
- Biometric Payment Revolution
For the past three years, biometric payment technology has been transforming the way people travel in Moscow. Available across all metro stations, Moscow Central Circle (MCC), Aeroexpress, regular river transport, and four Moscow Central Diameters (MCD) stations, this cutting-edge system allows passengers to pass through turnstiles with just a glance—no card or smartphone required.

With bank-level security, this seamless service has already facilitated over 125 million biometric entries, making it one of the most convenient and secure transit payment systems globally.
- Russia’s First Autonomous Tram
Moscow is home to Russia’s first autonomous tram, a breakthrough in public transport innovation. This tram, equipped with a world-first set of technologies, operates without the need for external control systems. Its software, entirely developed by Metro’s in-house team, belongs to the Moscow Government and is unique across Europe.

Since its introduction, the autonomous tram has covered over 1,800 kilometers without a single traffic violation, proving both its reliability and safety on the roads.
- Sphere: The Video Analytics System Safeguarding Moscow
The Sphere video analytics system has been instrumental in enhancing public safety across Moscow. Operational at all metro stations since September 1, 2020, Sphere helps law enforcement detain individuals on wanted lists and locate missing persons, including the elderly and children.

Since its implementation, over 11,000 criminals have been apprehended, and more than 1,500 missing persons, including 300 children, have been located thanks to Sphere.
- Real-Time Monitoring of Metro Carriage Load
To further improve passenger comfort, Moscow’s metro now uses machine learning algorithms to monitor carriage load in real time. The system updates every 10 seconds, factoring in the type and capacity of carriages, major transfer points, and time-specific data. This unique service is available through the Moscow Metro app, offering unparalleled accuracy in carriage load assessments.
- AI-Powered Moscow Transport Contact Center
Since 2019, AI has been assisting passengers via Moscow’s transport contact center (dial 3210). A voice assistant automatically handles calls related to car evacuation, helping streamline operations. The contact center, operational for over 11 years, fields around 6,000 inquiries daily, providing crucial information on public transport, including fare rates, free parking availability, and more.
- Advanced Video Analytics on MKAD and Major Highways
Moscow has installed over 1,500 high-resolution cameras on the MKAD, MCD, and key roads, covering 100% of major routes without blind spots. These cameras detect 13 different types of incidents and send real-time video to the Traffic Management Center within seconds, allowing for rapid response. Thanks to this intelligent system, traffic accidents involving injuries on the MKAD have decreased by 20% over the last three years.
- Leading the World in Photo and Video Traffic Monitoring
With 3,800 cameras monitoring traffic across the city, Moscow’s photo and video recording system is one of the most advanced globally. The system, powered by AI, now detects drivers using phones or not wearing seatbelts, and as of 2023, it can accurately determine whether motorcyclists are wearing helmets and whether passengers are buckled up. AI also enables the detection of more complex violations, such as blocking intersections and failing to yield to pedestrians.
- Smart Intersections Speed Up Traffic
Moscow has introduced over 600 smart intersections equipped with AI-driven traffic lights. These lights adjust in real-time based on road conditions, using data from sensors embedded in the asphalt. As a result, both city and private transport pass through these intersections 25-30% faster, while pedestrians wait 20-25% less for the green signal.

Moscow continues to lead the way in using AI to revolutionize transport and road safety, setting a global standard for innovation in urban mobility. With AI-enhanced systems in place, residents and visitors alike can expect safer, faster, and more convenient journeys across the city.
MIL OSI Russia News –
January 23, 2025
MIL-OSI: Banzai Announces Expanded Partnership with Salesforce, Today’s Industry Leading AI CRM Company for Smarter Webinar Campaigns
Source: GlobeNewswire (MIL-OSI)

Simplified Workflows and Real-Time Insights with Account Engagement Integration in Demio Give Salesforce Users the Tools They Need to Enhance Their Webinar Strategy

SEATTLE, Oct. 17, 2024 (GLOBE NEWSWIRE) — Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced significant enhancements to its Demio platform through deeper integration with Salesforce, the industry leading AI CRM company.

These new features address key operational challenges faced by marketing teams, delivering an improved level of precision in webinar data management, from automated lead capture to real-time UTM tracking. Marketers leveraging this integration will not only see immediate efficiency gains but will also benefit from enhanced decision-making capabilities, thanks to cleaner, more accurate data pipelines.

Key Enhancements Designed to Maximize Efficiency and Insight

This integration addresses common pain points for Salesforce Account Engagement users by automating the syncing of webinar data—from contact information to UTM tracking—greatly reducing the time and effort required for manual processes. Marketers can now focus on optimizing campaigns with real-time insights, enabling data-driven adjustments with speed and precision. The seamless UTM tracking integration offers a comprehensive view of campaign performance across channels, while Demio’s smart list management feature ensures that webinar registrants are automatically added to targeted Salesforce Account Engagement lists, ensuring no lead slips through the cracks.

Key capabilities include:
- Automated List Management: Simplify the process by automatically syncing registrants to Salesforce Account Engagement, ensuring optimal engagement across the funnel.
- Real-Time UTM Tracking: Gain holistic insights into campaign performance with real-time tracking at both session and individual contact levels.
- Advanced Search for List Management: Quickly navigate extensive lists with Demio’s new auto-search feature, saving time and boosting productivity.
- Custom Field Syncing: Ensure accurate and up-to-date information across platforms, enabling targeted segmentation and precision marketing.
Joe Davy, CEO of Banzai, emphasized the power of this upgraded integration: “By deepening our connectivity with Pardot, we’re offering marketers a more scalable, data-rich experience. This isn’t just a product enhancement; it’s a strategy shift that will drive better outcomes with less effort.”

A Future-Focused Solution for Salesforce Customers

Banzai continues to innovate to ensure its solutions meet the evolving needs of marketing teams. By integrating powerful features directly into users’ workflows, this enhancement sets a new standard for what’s possible in webinar campaign management—paving the way for more strategic, data-driven marketing operations.

About Salesforce

Salesforce is the #1 AI CRM, empowering companies to connect with their customers in a whole new way through the power of CRM + AI + Data + Trust on one unified platform: Einstein 1. For more information visit: http://www.salesforce.com.

About Banzai
Banzai is a marketing technology company that provides essential marketing and sales solutions for businesses of all sizes. On a mission to help their customers achieve their mission, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai customers include Square, Hewlett Packard Enterprise, Thermo Fisher Scientific, Thinkific, Doodle and ActiveCampaign, among thousands of others. Learn more at http://www.banzai.io. For investors, please visit https://ir.banzai.io/.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.

Investor Relations
Chris Tyson
Executive Vice President
MZ Group – MZ North America
949-491-8235
BNZI@mzgroup.us
http://www.mzgroup.us

Media
Rachel Meyrowitz
Director, Demand Generation, Banzai
media@banzai.io

The MIL Network –
January 23, 2025
MIL-OSI: Convex partners with EXL to accelerate operational excellence through data and technology

Source: GlobeNewswire (MIL-OSI)

NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) — EXL [NASDAQ: EXLS], a leading data analytics and digital operations and solutions company, was selected by Convex Group Limited (“Convex”), the international specialty insurer and reinsurer, for a multiyear engagement focused on accelerating delivery of its business operations. The program will improve efficiency and customer experience, delivering a more cost-effective, scalable and resilient operating model.

As part of Convex’s strategically differentiated approach to outsourcing, EXL will help deliver the next phase of development in operational excellence and efficiency, enhancing workflows and delivering integrated data-enriched management information, analytics and AI across the breadth of the operating model. This will allow Convex to continue to maintain its client-centric focus and growth momentum while drawing on EXL’s deep expertise in insurance operations and market-proven AI and data capabilities. In addition, EXL’s multi-tower and multi-geography delivery centers and transformation center of excellence will support Convex’s requirements for flexible and adaptable access to evolving skills and resources.

“We are excited to work closely with Convex to evolve their operating model, supporting better business decisions through data and technology while delivering greater scalability and efficiency in their operations,” said Vikas Bhalla, president, EXL and head of Insurance business. “Partnering with EXL will not only support Convex in its continued growth and deployment of current technologies but also help the organization leverage future technological advancements with speed and agility.”

“We selected EXL as a strategic partner because we felt they aligned well with our values while demonstrating a strong capability and drive to leverage cutting-edge technology and data in the delivery of services,” said Adrian Spieler, chief operating officer at Convex. “EXL not only brings the London market experience but also the experience of implementing transformational solutions alongside transparency and high-quality management information into operations. We see this engagement as an accelerator for delivering operational excellence to our brokers and clients.”

EXL works with more than 550 global insurers, re-insurers, brokers and Insurtech firms to leverage data and artificial intelligent based solutions to help our clients improve risk mitigation, reduce indemnity spend, enhance customer experience and lower service costs. With a 25-year heritage in the insurance industry, EXL’s global presence and deep insurance expertise help clients stay resilient and leverage the best-of-breed solutions to stay ahead.

To learn more about EXL’s data-led approach to digital transformation, please visit here.

About EXL
EXL (NASDAQ: EXLS) is a leading data analytics and digital operations and solutions company. We partner with clients using a data and AI-led approach to reinvent business models, drive better business outcomes and unlock growth with speed. EXL harnesses the power of data, analytics, AI, and deep industry knowledge to transform operations for the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media and retail, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have more than 55,000 employees spanning six continents. For more information, visit http://www.exlservice.com.

Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL’s operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation and recessionary economic trends, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.
© 2024 ExlService Holdings, Inc. All rights reserved. For more information go to http://www.exlservice.com/legal-disclaimer

Contacts
Media
Keith Little
+1 703-598-0980
media.relations@exlservice.com

Investor Relations
John Kristoff
+1 212 209 4613
IR@exlservice.com

The MIL Network –

January 23, 2025
MIL-OSI: HawkSearch Unveils Enhanced Rapid UI Framework with GenAI-Powered Smart Response

Source: GlobeNewswire (MIL-OSI)

WOBURN, Mass., Oct. 17, 2024 (GLOBE NEWSWIRE) — Bridgeline Digital, Inc. (NASDAQ: BLIN), a provider of AI-driven marketing technology, announced a major update to HawkSearch’s Rapid UI Framework, a powerful component-based framework that accelerates the integration of Smart Response into their search interfaces. The new version includes a new component for HawkSearch’s Smart Response, a new GenAI capability to complement Smart Search’s features as announced earlier in the year.

Smart Response, now powered by Generative AI (GenAI), delivers a transformative experience for eCommerce users. It goes beyond traditional search results by enabling interactive conversations, summarizing extensive product information, and comparing items directly within the search interface. With the ability to customize “Agents” to align with brand tone, merchandisers can now fine-tune responses to suit specific customer needs. The updated version has comprehensive documentation and implementation examples available via the HawkSearch Developer Portal.

A customer searching for a laptop on an eCommerce site can now engage with Smart Response to refine their options. By asking follow-up questions or requesting product comparisons, Smart Response provides a concise side-by-side analysis of laptops, highlighting key features like battery life and processor speed, helping the customer make a more informed decision without leaving the search interface.

“The Rapid UI Framework is revolutionizing search technology,” said Ari Kahn, CEO of Bridgeline Digital. “Our customers can quickly develop personalized, engaging search experiences, allowing them to drive conversions and enhance user satisfaction with minimal effort.”

About Bridgeline Digital

Bridgeline helps companies grow online revenue by increasing traffic, conversion rates, and average order value. To learn more, please visit http://www.bridgeline.com.

Contact:
Danielle Colvin
SVP of Marketing
Bridgeline Digital
press@bridgeline.com

The MIL Network –

January 23, 2025
MIL-OSI: Corporate social responsibility: Boralex’s ambitious greenhouse gas emissions reduction targets validated by the Science Based Targets initiative (SBTi)
Source: GlobeNewswire (MIL-OSI)

MONTREAL, Oct. 17, 2024 (GLOBE NEWSWIRE) — Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) is proud to announce that it is one of the few companies in the renewable energy sector to have its greenhouse gas (GHG) emissions reduction targets validated by the Science Based Targets initiative (SBTi). This recognition confirms that Boralex’s commitment to reach net-zero GHG emissions by 2050 across its entire value chain is science-based and aligned with a trajectory to achieve the goals set by the Paris Agreement of limiting global temperature increases to less than 1.5^oC.

“The validation of our targets by the SBTi is perfectly in line with our strategic objective of becoming the reference in corporate social responsibility (CSR) for our partners. Today’s announcement consolidates our leadership role in our industry, reinforces our commitment to produce renewable energy in the best possible way, and resonates with our organizational purpose, which aims to benefit future generations,” said Patrick Decostre, President and CEO of Boralex.

“I’m extremely proud of the monumental work carried out by many Boralex employees in recent years, which today enables us to be among the first companies in our industry to have our targets validated by the SBTi initiative. In addition to representing concrete, ambitious and realistic actions to fight climate change, this commitment shows that we are anticipating market needs, including compliance with upcoming CSR regulatory frameworks,” said Mihaela Stefanov, Senior Vice President, Enterprise Risk Management and Corporate Social Responsibility.

To reach net-zero by 2050, the most ambitious designation available through the SBTi process, Boralex has set near- and long-term targets covering 100% of emissions from its entire value chain (Scope 1, 2 and 3):
- Near-term: By 2030, Boralex is committed to reducing its absolute Scope 1 and 2 emissions by 42% from a base year of 2022, and by 2028, to having 90% of its major component suppliers have science-based reduction targets.
- Long-term: By 2050, Boralex is committed to reducing its absolute Scope 1 and 2 emissions by 90% and its Scope 3 emissions per kWh produced and sold by 97%, from a base year of 2022.
To ensure that every kWh generated and produced is as low-carbon as possible, Boralex relies, among other factors, on the gradual electrification of its vehicle fleet, the consumption of electricity from renewable sources at its sites and buildings, and partnerships with strategic low-carbon suppliers.

The validation of our targets by the SBTi, a reputable global organization supported by 130 specialists based in North America and Europe, is a central element in our overall CSR and risk management strategy. Indeed, it was essential for Boralex to go beyond a GHG emissions reduction objective by adopting an action plan to achieve this objective that is concrete, realistic and backed by a recognized authority. For more details on our CSR commitments and actions, visit the Boralex website.

About Boralex

At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has more than doubled to over 3 GW. We are developing a portfolio of more than 6.8 GW in wind, solar projects and storage projects, guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

For more information, visit boralex.com or sedarplus.com. Follow us on Facebook, Twitter, LinkedIn and Instagram.

For more information

Source: Boralex inc.

The MIL Network –
January 23, 2025
MIL-OSI: Astronaut Tim Peake to Headline Timeline’s Adviser 3.0 Conference 2025

Source: GlobeNewswire (MIL-OSI)

LONDON, Oct. 17, 2024 (GLOBE NEWSWIRE) — Timeline is thrilled to announce the return of its flagship event, Adviser 3.0, on 15th May 2025 at Magazine London. This high-energy conference, designed to inspire and equip financial planners with actionable insights, will feature Major Tim Peake, renowned astronaut, as the headline speaker. He will be joined by industry heavyweights, including US leading expert on psychology of financial planning, Dr Meghaan Lurtz, together with sector experts Abraham Okusanya and Brett Davidson and a host of others.

Attendees will have the chance to tailor their experience with over 20 varied sessions spread across five stages. The conference will tackle cutting-edge themes in financial planning such as technology, artificial intelligence, growth and profitability, wealth transfer, succession planning, client communications, leadership, marketing, and the economy. These topics will have practitioners at their core, ensuring content is relevant and applicable to today’s advisory firms.

Adding a burst of colour and energy, the conference’s vibrant Rio Carnival theme will set the stage for a day filled with valuable insights, networking opportunities, and delicious food. The programme will run from 9:00am to 5:30pm, followed by a networking drinks reception and an unforgettable after-party that will carry on until 10:00 pm.

Abraham Okusanya, CEO of Timeline and host of Adviser 3.0, shares his excitement: “We are thrilled to present such a rich and diverse line-up of speakers to the UK advice community. Major Tim Peake’s experiences are truly inspirational, and his insights will beautifully complement the practical sessions we have planned. After two years of learning and fine-tuning, we’re confident this year’s event will exceed all expectations. Tickets are on sale now – they won’t last, so don’t miss out on being part of something amazing.”

For more information and to secure tickets, visit the Adviser 3.0 website.

The MIL Network –

January 23, 2025
MIL-OSI: Richtech Robotics Expands Agreement with Ghost Kitchens to Manage 20 Additional Walmart-Located Restaurants, Growing its Restaurant Operations Model

Source: GlobeNewswire (MIL-OSI)

Company’s subsidiary, AlphaMax Management LLC, will optimize operations through the use of robotics and AI cloud technology at restaurants across Arizona, Colorado, and Texas

LAS VEGAS, Oct. 17, 2024 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, today announces that it is expanding its restaurant operations model with the signing of a binding Letter of Intent (LOI) with Ghost Kitchens America. Under the terms of the LOI, Richtech Robotics agreed to enter into a franchise agreement with Ghost Kitchens America, pursuant to which the Company will acquire exclusive rights to operate 20 Walmart-located restaurants in Arizona, Colorado, and Texas. These restaurants will be directly managed by Richtech Robotics’ subsidiary, AlphaMax Management LLC, with the aim of optimizing restaurant operations through robotics and AI cloud technology. Each location is expected to generate between $700 thousand and $2 million in annual revenue.

Richtech Robotics is deploying its proprietary automation to enhance operational efficiency, augment and personalize customer experiences, and lower operational costs. The establishment and ongoing management of these restaurants is anticipated to provide a clear, repeatable operational blueprint that businesses can use to scale robotic deployment and optimize their business model.

Matt Casella, President of Richtech Robotics, stated: “Richtech Robotics is committed to the commercialization of robotics, through both robotic sales and the operation of our own robot-powered restaurants. This agreement will significantly add to our restaurant portfolio, and these high-traffic locations will bring greater visibility to our brand and our solutions. Our restaurant operations will showcase the very same robotic and AI platforms offered through our RaaS (Robotics-as-a-Service) business model. We expect these platforms to become a fast-growing and stable revenue stream for us as we leverage them to manage thousands, and eventually tens of thousands, of restaurant operations in the future.”

George Kottas, CEO of Ghost Kitchens America, commented: “All Walmart locations where we’ve signed agreements with Richtech Robotics have strong sales numbers and steady customer traffic. Based on our previous collaborations, Ghost Kitchens is confident that Richtech Robotics’ robotic technology and operational management services will maximize the performance of these restaurants. We look forward to further expanding our partnership with Richtech Robotics as we rapidly grow our restaurant footprint.”

In addition to today’s announcement, the Company has already secured exclusive operational rights for the Ghost Kitchen at a Walmart location in Rockford, Illinois. Additionally, Richtech Robotics has signed a franchise agreement for another Walmart restaurant in Peachtree, Georgia, which is expected to begin operations later this year.

Through AlphaMax Management LLC, Richtech Robotics is operating these restaurants and advancing the application of robotic technology in the food service industry, with the goal of helping businesses reduce costs and improve efficiency.

About Richtech Robotics

Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at http://www.RichtechRobotics.com and connect with us on X (Twitter), LinkedIn, and YouTube.

About Ghost Kitchens International (GKI)

With restaurants across Canada and the US, GKI is expanding to open 240 new restaurants under the ONE KITCHEN banner in USA and Canada. Each restaurant features multiple national brands made to order, a single operator, innovative front and back-of-house technology, and walk-in and delivery customers. For more information go to http://www.ghostkitchenbrands.com.

Forward Looking Statements

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the anticipated success and benefits of the partnership with Ghost Kitchens America, including the ability of each location to generated expected annual revenue.

These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to the parties’ ability to negotiate and execute a definitive agreement in connection with the LOI; Richtech Robotics’ ability to implement the definitive agreement; the ability of each location to generated the expected amount of annual revenue; and Richtech Robotics’ ability to realize the benefits described herein. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K/A, filed with the SEC on March 27, 2024, the Registration Statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Contact:

Investors:
CORE IR
Matt Blazei
ir@richtechrobotics.com

Media:
Timothy Tanksley
Director of Marketing
Richtech Robotics, Inc
press@richtechrobotics.com
702-534-0050

The MIL Network –

January 23, 2025
MIL-OSI Russia: Artificial Intelligence Transforms Transport and Road Safety in Moscow

MILES AXLE Translation. Region: Russian Federation –

Source: Moscow Department of Transport

The Moscow Department of Transport has outlined its key projects involving artificial intelligence. From biometric payments to autonomous trams and advanced video analytics, AI-powered innovations are setting new standards in public transport and traffic management.

Artificial intelligence is transforming transport and road safety in Moscow.

The Biometric Payment Revolution

Over the past three years, biometric payment technology has changed the way people move around Moscow. Available at all metro stations, the Moscow Central Circle (MCC), Aeroexpress trains, regular river services and four Moscow Central Diameters (MCD) stations, this cutting-edge system allows passengers to pass through turnstiles with a single glance – no card or smartphone required.

This seamless service, which provides banking-level security, has already served over 125 million biometric records, making it one of the most convenient and secure payment transit systems worldwide.

The first autonomous tram in Russia

The first autonomous tram in Russia has appeared in Moscow – a breakthrough in the field of innovation in public transport. This tram, equipped with the world’s first set of technologies, operates without the use of external control systems. Its software, developed entirely by the metro itself, belongs to the Moscow government and has no analogues in Europe.

Since its introduction, the autonomous tram has traveled more than 1,800 kilometers without a single traffic violation, proving its reliability and safety on the roads.

Sphere: Video analytics system ensuring Moscow’s security

The Sphere video analytics system has played a major role in improving public safety in Moscow. Since September 1, 2020, Sphere has been operating at all metro stations, helping law enforcement agencies detain wanted people and find missing persons, including the elderly and children.

Since the introduction of Sphere, more than 11,000 criminals have been detained and more than 1,500 missing people have been found, including 300 children.

Monitoring metro car loading in real time

To improve passenger comfort, the Moscow Metro uses machine learning algorithms to monitor carriage loads in real time. The system is updated every 10 seconds, taking into account the type and capacity of carriages, main transfer hubs and time data. This unique service is available through the Moscow Metro app and provides unprecedented accuracy in assessing carriage loads.

Moscow Transport Contact Center Based on Artificial Intelligence

Since 2019, artificial intelligence has been helping passengers through the Moscow transport contact center (number 3210). The voice assistant automatically processes calls related to vehicle evacuation, helping to optimize work. The contact center, which has been operating for more than 11 years, processes about 6,000 requests daily, providing important information about public transport, including fares, availability of free parking, and much more.

Advanced video analytics on the Moscow Ring Road and major highways

In Moscow, there are more than 1,500 high-resolution cameras installed on the Moscow Ring Road, the Moscow Ring Road and major highways, covering 100% of the main routes without “blind spots”. These cameras record 13 different types of incidents and transmit video in real time to the Traffic Management Center within a few seconds, which allows for a prompt response to them. Thanks to this intelligent system, the number of traffic accidents with victims on the Moscow Ring Road has decreased by 20% over the past three years.

World leadership in photo and video monitoring of road traffic

Moscow’s 3,800-camera photo and video traffic recording system is one of the most advanced in the world. Equipped with artificial intelligence, the system now identifies drivers talking on the phone or not wearing seat belts, and by 2023 it will be able to accurately determine whether motorcyclists are wearing helmets and passengers are wearing seat belts. AI can also detect more complex violations, such as blocking intersections and failing to yield to pedestrians.

Smart intersections speed up traffic

Moscow has installed over 600 “smart” intersections equipped with traffic lights controlled by artificial intelligence. These traffic lights are adjusted in real time depending on road conditions, using data from sensors embedded in the asphalt. As a result, city and private transport passes intersections 25-30% faster, and pedestrians wait 20-25% less for the green light.

Moscow continues to lead the way in using artificial intelligence to revolutionize transportation and road safety, setting global standards for urban mobility innovation. Thanks to AI-powered systems, residents and visitors to the capital can expect safer, faster, and more convenient travel around the city.

MIL OSI Russia News –

January 23, 2025
MIL-OSI Economics: GIANTX Gaming and Samsung UK Unite for EGX Comic Con 2024

Source: Samsung

London, UK. October 17, 2024 – Today, GIANTX, is excited to announce its collaboration with electronics manufacturer Samsung, set to make a mark on the gaming world with a uniquely tasteful collaboration at the first ever EGX Comic Con event in October in London. This activation stands as a testament to the synergy between two brands, driven by their shared commitment to enhancing gamer experiences and shaping the future of interactive entertainment.

Taglined as “ONE TAP”, the campaign encapsulates the spirit of the collaboration – the ease and efficiency of Samsung’s gaming experience delivered through Samsung Gaming Hub*, emphasising that everything a gamer needs is available at their fingertips. Coupled with referencing the term for a perfect shot in gaming – a single, precise move that hits the target.

This dual meaning reinforces the idea that Samsung’s gaming platform offers both precision and ease, making it the ultimate destination for gamers seeking a seamless and high-quality experience.

Samsung Gaming Hub is a game streaming service that has been built into all Samsung gaming TVs and monitors as standard since 2022[1]. It provides quick and easy access to more than 3,000 top gaming titles from Xbox[2] NVIDIA GeForce NOW and other popular streaming services. It’s all cloud based so there are no downloads, no storage limits, and no console or PC is required – simply stream and play.

Plus there are added features in certain Samsung TV models such as AI Auto Game Mode that recognises the genre of the game you are playing and then adjusts the settings accordingly for the ultimate immersive gaming experience and ultra smooth motion.

The booth will include:
Multiple Samsung TV and mobile gaming stations
Sonic themed space
Play to win activities
Prizes worth up to £3000
Red Bull refreshments

The brands will work together to showcase Samsung’s premium product lines across its Odyssey Gaming range of gaming monitors and its innovative NEO QLED TV range that both have Samsung’s Gaming Hub built in, as well as a selection of the newest models across the brand’s mobile and tablet ranges.

Luis Garcia, Commercial Director at GIANTX, expressed his excitement:

“We are delighted to welcome Samsung to the GIANTX family. We look forward to activating together at EGX Comic Con 2024, bringing a unique experience to fans from the UK and beyond, showcasing the latest of Samsung technology to our captive audience of gaming and esports enthusiasts.”

Zeena Hill, Director of Marketing for TV/AV at Samsung Electronics in the UK and Ireland, said: “We’re really excited to be collaborating with GIANTX to provide thousands of fans at EGX Comic Con and beyond in the multiple benefits of our superior TV range. We know that gaming is a huge passion point for so many of our customers which is why Samsung’s Gaming Hub is made so easily accessible – all you need is a controller and away you go.

“This collaboration with GIANTX will not only showcase the stunning clarity and gaming performance of our TV technology but also the ease in accessing thousands of top game titles without the need for a console.”

The announcement brings Samsung UK into the GIANTX partnership line-up alongside other household names like HSBC UK and EE, with the brands aligning on the values of inspiring through technology while demonstrating commitment to the UK gaming scene. It demonstrates GIANTX’s commitment to delivering unforgettable experiences to an unrivalled global fan base and showcase excellence in associated commercial propositions.

For more information, please visit GIANTX.

[1] Internet connection, additional gaming service subscription and compatible controller required. Gaming Hub not available in Republic of Ireland.
[2] Requires Xbox Game Pass Ultimate subscription. Internet connection and compatible controller required.

MIL OSI Economics –

January 23, 2025
MIL-OSI: Unlimited Hedge Fund Barometer: Emerging Markets Funds Dominated in Q3 as China Stocks Rally
Source: GlobeNewswire (MIL-OSI)

NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) — Unlimited, an investment firm and ETF sponsor that uses proprietary technology to provide low-cost alternative strategies to a variety of investors, published its Q3 2024 Hedge Fund Barometer today, showing emerging markets hedge funds leading their peers with an average 5% gross return in the quarter. Global macro and managed futures funds saw the weakest performance in the quarter at -1.2%.

According to Unlimited’s latest Barometer, aggregate hedge fund performance was moderately positive across most strategies in Q3 2024. To read the full report, click here.

Unlimited’s Barometer uses machine learning and multiple data sources to track performance for the major hedge fund strategies. It also provides a near real-time view into how hedge funds are positioned across major asset classes, industry sectors and geographies.

Unlike Q2 where equity long/short funds outperformed other hedge fund strategies, emerging markets managers had the strongest performance in Q3 and long/short equity and event driven managers rode through the summer turmoil to deliver positive returns. Hedge funds generally have also reduced their exposure to Japanese equities, which performed strongly in Q1.

“One of the more acute market moves in the quarter came in onshore and offshore Chinese equities,” said Bob Elliott, CEO and CIO of Unlimited. “While managers appear to have trimmed underweights from earlier in the year, as those stocks sold off, their position remained more neutral despite the recent market action.”

Unlimited Hedge Fund Barometer Q3 2024 Findings

Despite a turbulent August, long/short equity managers continue to hold roughly normal levels of overall equity exposure while continuing their rotation toward large cap growth stocks and away from small and mid-caps. Fixed income managers have started to trim their near peak exposure to corporate spreads after their approach of levering up into secularly low spreads backfired in August as spreads rose. Other highlights include:
- Average gross returns across strategies were just below +3.5%
- The best performing fund style was Emerging Markets equity at +5%
- The worst performing fund style was Managed Futures at -1.2%
As we enter the last quarter of 2024, Unlimited’s Barometer also shows hedge funds:
- Were modestly overweight equities – specifically growth stocks – following a period of being underweight stocks in ‘22-’23. They also remained underweight small and mid-cap stocks.
- Were roughly neutral on the U.S. dollar relative to other currencies, as Fed policy has shifted to a more dovish stance over the last several months. On the British pound, short positions were closed in recent months. They were modestly long the yen.
- Remained relatively neutral bonds, weighing the risks between reacceleration and recession. Earlier in the quarter Fixed Income managers held near historical peak levels while spread levels approached all-time lows, a strategy that backfired in August. Subsequently, managers appear to have reduced risks in credit spreads.
- Have reduced positions in energy commodities as prices have fallen. Positions in other growth-oriented commodities like metals have remained roughly neutral in recent months.
Click here to view a video on how Unlimited’s technology works.

About Unlimited
Founded in 2022 by Bob Elliott, Bruce McNevin and Matt Salzberg, Unlimited is an investment firm using proprietary technology to create strategies that offer lower-cost access to 2 & 20 style alternative investment strategies, such as hedge funds, to a wide variety of investors. Mr. Elliott has built innovative hedge fund strategies for more than two decades, including at Bridgewater Associates, the world’s largest hedge fund. Mr. McNevin is a Professor of Economics at New York University and has held various data science positions at hedge funds Clinton Group and Midway Group, along with positions at Bank of America and BlackRock. Mr. Salzberg serves as a Managing Partner at Material and Board Director of Unlimited. Learn more at unlimitedfunds.com.

Media Contacts:

Sarah Lazarus Zach Kouwe

Dukas Linden Public Relations Dukas Linden Public Relations

+1 617-335-7823 +1 551-655-4032

sarah@dlpr.com zkouwe@dlpr.com

For informational and educational purposes only and should not be construed as investment advice. The data shown herein represents past performance and should not be construed as providing any assurance or guarantee as to returns that may be realized in the future. No representation is being made that any investment will or is likely to achieve profits or losses similar to those shown herein. No investment strategy or risk management technique can guarantee return or eliminate risk in any market environment.

The MIL Network –
January 23, 2025
MIL-OSI: Progress AI-Powered Flowmon Introduces Up to 10x Search Acceleration for Faster Cyberthreat Hunting and Network Troubleshooting
Source: GlobeNewswire (MIL-OSI)

IP Address Indexing is the first in a series of major performance and scalability enhancements to the Flowmon AI-powered Network Detection and Response & Network Visibility offerings.

BURLINGTON, Mass., Oct. 17, 2024 (GLOBE NEWSWIRE) — Progress (Nasdaq: PRGS), the trusted provider of AI-powered infrastructure software, today announced the latest release of Progress® Flowmon®, the network observability platform with AI-powered detection for cyberthreats, anomalies and fast access to actionable insights for greater network and application performance across hybrid cloud ecosystems. With today’s release, the Flowmon platform enhances IP search efficiency up to tenfold with innovative IP address indexing that empowers network administrators to swiftly track network activities tied to specific IP addresses. The result is a significant reduction in the time needed for data analysis and troubleshooting, providing robust protection for optimal network performance.

“For many IT teams, retrospective analysis while hunting for threats amidst growing volumes of telemetry data can be time-consuming, especially in large and complex networks. In the ever-shifting terrain of cybersecurity, the urgency to resolve network performance and security issues rapidly—within moments, is paramount,” said Sundar Subramanian, EVP and General Manager, Infrastructure Management, Progress. “With the addition of IP Address Indexing in Flowmon, IT professionals can perform near-immediate searches to process IP address data swiftly, gaining critical insights essential for quick troubleshooting of their networks.”

As networks grow, the volume of telemetry data expands exponentially. This growth, while beneficial, results in increasingly longer search times and slows threat-hunting efforts. Near-immediate answers to retrospective analysis of compromise indicators are now available such as, “Did anyone from my network communicate with the following malicious IPs last month?” This solution propels IP search queries to new heights, achieving up to tenfold increase in speed. Network administrators and cybersecurity professionals can now rapidly identify network activities associated with specific IP addresses. This significantly reduces the time required for thorough data analysis and effective troubleshooting. Additionally, the IP Address Indexing is designed to scale alongside network growth, driving sustained search efficiency regardless of the expanding number of IP addresses.

Additional features include:
- Enhanced Usability and Streamlined Workflows: Flowmon now sets IP Conversation as the standard selection for the most important statistics, delivering instant insights into network interactions. Moreover, the Analysis chart has been updated to allow selectively switching network performance monitoring metrics on or off for a more customized and relevant view of data. The Monitoring Center, along with the Dashboards and Reports, has been improved with new application information icons for external IP addresses and now prominently highlights denied IP addresses from Flowmon ADS blacklists.
- Precision and Reliability in Event Reporting: Flowmon now introduces flexible event reporting with Syslog messages over the Transmission Control Protocol (TCP). This enhancement delivers targeted and reliable event reporting to designated IP addresses, accelerating the time for data processing and capturing and issue identification.
Flowmon network observability solution, with AI-powered detection for cyberthreats and anomalies, allows fast access to actionable insights for greater network and application performance across hybrid cloud ecosystems. For more information about the latest release of the Flowmon platform, please visit http://www.flowmon.com.

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

Progress and Flowmon are trademarks or registered trademarks of Progress Software Corporation and/or one of its subsidiaries or affiliates in the US and other countries. Any other trademarks contained herein are the property of their respective owners.

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

The MIL Network –
January 23, 2025
MIL-OSI: FSI ANNOUNCES THIRD QUARTER 2024 REVENUE

Source: GlobeNewswire (MIL-OSI)

VICTORIA, BRITISH COLUMBIA, Oct. 17, 2024 (GLOBE NEWSWIRE) — FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE- AMERICAN: FSI), is the developer and manufacturer of biodegradable polymers for oil extraction, detergent ingredients and water treatment as well as crop nutrient availability chemistry. Flexible Solutions also makes nutraceuticals, biodegradable and environmentally safe water and energy conservation technologies. Today the Company announces top line revenue for third quarter (Q3), 2024.

Sales were up in Q3, 2024 compared to Q3, 2023. Flexible Solutions’ top line revenue increased from $8.721 million (Q3, 2023) to $9.287 million (Q3, 2024), up approximately 6.5% year over year.

Complete financial results will be available after market close on Thursday, November 14, 2024, concurrent with the Company’s SEC second quarter filings. A conference call will be scheduled for 8:00 am Pacific Time, 11:00 am Eastern Standard Time, the following business day, Friday, November 15, 2024. See the FSI November 14, 2024 financials news release for the dial in numbers.

About Flexible Solutions International
Flexible Solutions International, Inc. (http://www.flexiblesolutions.com), based in Victoria, British Columbia, is an environmental technology company. The Company’s NanoChem Solutions Inc. subsidiary specializes in biodegradable, water-soluble products utilizing thermal polyaspartate (TPA) biopolymers. TPA beta-proteins are manufactured from the common biological amino acid, L-aspartic and have wide usage including scale inhibitors, detergent ingredients, water treatment and crop enhancement. Along with TPA, this division started producing other crop enhancement products as well. The other divisions manufacture energy and water conservation products for drinking water, agriculture, industrial markets and swimming pools throughout the world. FSI is the developer and manufacturer of WaterSavr^TM, the world’s first commercially viable water evaporation retardant. WaterSavr^TM reduces evaporation by up to 30% on reservoirs, lakes, aqueducts, irrigation canals, ponds and slow moving rivers. Heatsavr^TM, a “liquid blanket” evaporation retardant for the commercial swimming pool and spa markets, reduces energy costs by 15% to 40% and can result in reduced indoor pool humidity.

Safe Harbor Provision
The Private Securities Litigation Reform Act of 1995 provides a “Safe Harbor” for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward looking statement with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company’s reports filed with the Securities and Exchange Commission.

Flexible Solutions International
6001 54^thAve, Taber, Alberta, CANADA T1G 1X4

Company Contacts
Jason Bloom
Toll Free: 800.661.3560
Fax: 403.223.2905
Email: info@flexiblesolutions.com

To find out more information about Flexible Solutions and our products please visit http://www.flexiblesolutions.com

If you have received this news release by mistake or if you would like to be removed from our update list please reply to: info@flexiblesolutions.com

The MIL Network –

January 23, 2025
MIL-OSI: Sphera’s Newly Integrated Supply Chain Transparency Solution Enables Proactive Risk Management and Mitigation, Streamlined Supplier Engagement and Regulatory Compliance
Source: GlobeNewswire (MIL-OSI)

Through real-time risk monitoring and integrated sustainability and due diligence data, Sphera Supply Chain Transparency helps strengthen every link in the supply chain

CHICAGO, Oct. 17, 2024 (GLOBE NEWSWIRE) — In today’s world where risk exposure in global supply chains is dynamic and regulations related to sustainability and supply chain due diligence are ever-evolving, businesses need tools and actionable insights that enable them to withstand the uncertainties, get ahead of disruption and be compliant.

Supply chains are under closer scrutiny now in many parts of the world as regulations — such as the EU Corporate Sustainability Due Diligence Directive (CSDDD), German Supply Chain Due Diligence Act (LkSG), Carbon Border Adjustment Mechanism (CBAM) and EU Deforestation Regulation (EUDR) — have emerged to hold companies accountable for human rights and environmental impacts within their supply networks. By integrating Supply Chain Sustainability (SCS) and Supply Chain Risk Management (SCRM) into one platform, Sphera’s Supply Chain Transparency (SCT) product line provides organizations with end-to-end visibility across the entire supply chain to effectively manage supply chain risk, sustainability and regulatory compliance.

“Supply chains have been facing unprecedented volatility with network disruptions resulting from extreme weather events, economic trends, cyber incidents and ESG-related risks,” said Paul Marushka, Sphera’s CEO and president. “Companies are also facing growing pressure to meet global ESG regulations and consumer demands for greater transparency and ethical sourcing practices. A holistic approach to managing risk and sustainability in the supply chain not only enables businesses to address risk before it disrupts operations but also enables enterprises to build resilient supply chains that can adapt faster to evolving situations, withstand impacts and recover quickly.”

The Supply Chain Transparency (SCT) product line from Sphera, the leading provider of Enterprise Sustainability Management (ESM) performance and risk management software, data and consulting services, provides procurement, supply chain and sustainability professionals with an innovative solution for mitigating risk and strengthening their supply chain. Having the ability to proactively monitor risk, collect and assess direct supplier data and comply with evolving standards, helps businesses reduce potential costs associated with risk, gain competitive advantage and build transparent, agile supply chains.

Sphera SCRM (formerly riskmethods) leverages AI along with a team of risk research experts to validate and manage information from internal and external data sources to provide real-time risk monitoring. Having an improved risk profile helps companies gain competitive advantage with a well-managed approach to ensure business continuity, protect their reputation and reduce the costs related to supply chain risk. Sphera SCRM issues alerts to users, which provide actionable insights that enable companies to implement countermeasures at the earliest opportunity, proactively monitor the situation to address additional developments and mitigate consequences. Some examples include:
- In the lead-up to the traffic jam in the Panama Canal — which sees 6% of global maritime trade and 40% of all U.S. container traffic relying on the passageway — the first alert went out in April 2023 when the Panama Canal Authorities imposed restrictions for the first time. Starting August 8, 2023, Sphera SCRM began informing customers about delays on the Panama Canal due to low water levels and continued during the crisis.
- During a period of historic flooding in Europe, alerts indicated heavy rainfall in the southern parts of Europe as early as September 5, 2024, and a total of 115 alerts were issued to users as the flooding progressed and included impacts such as power outages and product delays. The impacts caused some factories to stop production lines, some stores to close and challenges in moving materials by rail.
- When a potential for a strike by dockworkers at 36 major ports along the East Coast and Gulf Coast of the United States loomed, early warnings were sent to users on August 13, 2024, via the Countrywide Industrial Disputes indicator and sent 10 alerts between then and the second day of the strike.
Sphera SCS (formerly SupplyShift) provides unparalleled tracking of ESG-related and regulatory risks with direct visibility into every tier of a company’s supply chain. The solution empowers streamlined supplier engagement and direct performance visibility with standardized assessments, multi-tier data collection and audit-ready, quantifiable supplier data to ensure regulatory compliance and help companies build more responsible supply chains. Sphera SCS helps businesses:
- Connect every tier of supply chain data with broader sustainability initiatives.
- Identify, analyze and measure supplier performance to drive improvement.
- Operationalize compliance and sustainability goals by integrating industry-specific supplier data with enterprise systems, including the collection of direct Scope 3 data.
- Ensure legislative compliance through robust tracking, auditing and validation processes.
Naved Siddique, Sphera’s chief product officer, said, “With increased regulatory pressure coupled with a host of hidden risks in the supply chain, companies need to be empowered to proactively mitigate risk and build resilient, sustainable supply chains. This is what we deliver with our Supply Chain Transparency solution. Supply Chain Sustainability provides deeper visibility into multiple tiers of the supply chain and enables seamless collection of supplier environmental, human rights and other sustainability data, while Supply Chain Risk Management provides AI-powered insights for early risk detection and real-time monitoring throughout a supply network. This provides businesses with unparalleled risk visibility, proactive risk management, sustainability integration and regulatory compliance.”

About Sphera
Sphera is the leading provider of Enterprise Sustainability Management (ESM) performance and risk management software, data and consulting services focusing on Environment, Health, Safety & Sustainability (EHS&S), Operational Risk Management (ORM), Product Stewardship and Supply Chain Transparency. For more than 30 years, we have served over 8,400 customers and a million-plus users in 95 countries to help companies keep their people safe, their products sustainable and their operations productive. Learn more about Sphera at http://www.sphera.com. Follow Sphera on LinkedIn.

For media inquiries, please contact:
Amanda Meador / Alaina Caruso, pro-sphera@prosek.com

The MIL Network –
January 23, 2025
MIL-OSI: Top KingWin Ltd. Announces Trading Ticker Symbol Change to “WAI”

Source: GlobeNewswire (MIL-OSI)

Guangzhou, China, Oct. 17, 2024 (GLOBE NEWSWIRE) — Top KingWin Ltd. (“Top KingWin” or the “Company”) (NASDAQ: TCJH) announced today that effective on October 21, 2024, its Class A ordinary shares will begin trading on the Nasdaq Capital Market under the ticker symbol “WAI”. This new ticker symbol will replace the Company’s previous ticker symbol “TCJH”.

No action by the Company’s shareholders is required with respect to the ticker symbol change. The Company’s Class A ordinary shares continue to be listed on the Nasdaq Capital Market and the CUSIP number remains unchanged.

About Top KingWin Ltd

Top KingWin’s main clients are entrepreneurs and executives in small and medium-sized enterprises in China. Services provided by Top KingWin to its clients including (i) corporate business training services, which mainly focus on providing training services of advanced knowledge and new perspectives on the capital markets, (ii) corporate consulting services, which mainly focus on providing a combination of customized corporate consulting services to fulfill client’s unique financial needs, and (iii) advisory and transaction services, which mainly focus on connecting entrepreneurs and businesses with diversified sources of capital. Its mission is to provide comprehensive services to address clients’ needs throughout all phases of their development and growth.

Forward-Looking Statements

This press release contains forward-looking statements. All statements other than statements of historical fact in this press release are forward-looking statements, including but not limited to, the use of proceeds from the Company’s offering, the intent, belief or current expectations of Top KingWin and members of its management, as well as the assumptions on which such statements are based. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update 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 in its other filings with the SEC.

For more information, please contact:
Bonnie
Email: IR@tcjhgw.cn

The MIL Network –

January 23, 2025
MIL-OSI: FloQast Achieves AWS Retail Competency Status

Source: GlobeNewswire (MIL-OSI)

LOS ANGELES, Oct. 17, 2024 (GLOBE NEWSWIRE) — FloQast, an Accounting Transformation Platform created by accountants for accountants, announced today that it has achieved Amazon Web Services (AWS) Retail Competency status. This designation highlights the proven value of FloQast’s Accounting Transformation Platform in helping retail customers drive financial transformation both in the cloud and across their broader businesses.

Achieving the AWS Retail Competency differentiates FloQast as an AWS Partner Network (APN) member that provides specialized accounting workflow automation designed to help retail enterprise businesses adopt, develop, and deploy complex projects on AWS. To receive the designation, APN members must possess deep AWS expertise and a proven track record with retail clients to deliver solutions seamlessly on AWS.

“Achieving AWS Retail Competency is a great milestone for FloQast and reflects how far we’ve come since our partnership with AWS started in 2014,” said Mike Whitmire, CEO and co-founder of FloQast, CPA. “We’ve always placed importance on helping retail customers streamline their accounting operations, and this recognition reinforces the impact of our platform. It’s yet another step forward as we continue to grow and innovate to meet the evolving needs of the industry.”

FloQast’s Accounting Transformation Platform was developed over more than a decade of innovation, incorporating direct customer feedback and the latest advancements in artificial intelligence. Designed to meet evolving market demands and the growing pressures on accounting teams, the platform empowers organizations with AI-driven efficiencies and insights for more strategic decision-making.

AWS is enabling scalable, flexible, and cost-effective solutions from startups to global enterprises. To support the seamless integration and deployment of these solutions, AWS established the AWS Competency Program to help customers identify Consulting and Technology APN Partners with deep industry experience and expertise.

About FloQast

FloQast, an Accounting Transformation Platform created by accountants for accountants, enables organizations to automate a variety of accounting operations. Trusted by more than 2,800 global accounting teams – including Twilio, Los Angeles Lakers, Zoom, and Snowflake – FloQast enhances the way accounting teams work, enabling customers to automate close management, account reconciliations, accounting operations, and compliance activities. With FloQast, teams can utilize the latest advancements in AI technology to manage aspects of the close, reduce their compliance burden, stay audit-ready, and improve accuracy, visibility, and collaboration overall. FloQast is consistently rated #1 across all user review sites. Learn more at FloQast.com.

Contact:
Kyle Cabodi
FloQast Director of Corporate Communications
kyle.cabodi@floqast.com

The MIL Network –

January 23, 2025
MIL-OSI: Software Piracy, Overuse, and Misuse are Equally Undermining Revenue Goals
Source: GlobeNewswire (MIL-OSI)

ITASCA, Ill., Oct. 17, 2024 (GLOBE NEWSWIRE) — Revenera, producer of leading solutions that help technology companies build better products, accelerate time-to-value, and unlock new revenue opportunities, today released the Revenera Monetization Monitor: Software Piracy and Compliance 2025 Outlook report. Based on the results of a global survey of 418 leaders at global technology companies, this report is the 2nd in a three-part annual series, which provides product executives at software, intelligent device, and IoT companies with benchmarks about the prevalence and scope of unlicensed software usage.

Piracy, overuse, and misuse are currently equally significant problems, with approximately ⅓ of respondents reporting that each is a “major problem” contributing to revenue leakage. This aligns them with more traditional business problems, such as customer churn, also cited by ⅓ of respondents as a “major problem.”

“Software and tech companies are pushing hard to deliver high customer value at a good profit margin, but yet, they often treat customer compliance, which can be a significant revenue stream in some segments of the industry, as an afterthought. Losses of more than 30 percent of revenue are on the rise for all forms of unlicensed software usage, including piracy, overuse, and misuse,” said Nicole Segerer, General Manager at Revenera. “Accurate data into software use is essential to complement revenue loss and to implement effective monetization models that capture revenue opportunities.”

Highlights from the Revenera Monetization Monitor: Software Piracy and Compliance 2025 Outlook report include:
- Piracy, overuse, and misuse are equally concerning issues, with major financial ramifications.
  - Approximately ⅓ of respondents citing each as a “major problem,” putting them on par with more traditional problems like customer churn (major problem for 30 percent) and inefficient monetization models (major problem for 37 percent).
  - Losses of more than 30 percent of revenue are on the rise for all forms of unlicensed software usage.
  - Churn risk is a major problem for ⅓ of respondents, putting this long-standing problem on a par with piracy, overuse, and misuse and that each must be addressed in order to comprehensively address revenue leakage.
- Unlicensed software usage, a global issue, must be addressed for successful revenue recovery initiatives.
  - While reflecting an improvement over the past year, approximately 1 in 10 respondents are still unaware of how much revenue is lost to unauthorized software usage.
  - Awareness of how revenue loss is taking place is improving. Presently only 5 percent are unaware of how they are losing revenue to software piracy, overuse, or misuse, falling from 21 percent a year ago.
  - Barriers to essential usage insights remain: Only 57 percent of respondents can see if utilization for a specific customer is increasing or declining; fewer (47 percent) can see the fundamental metric of whether a customer is using the software at all.
  - The global use of unlicensed software presents an $18.7 billion revenue opportunity for software suppliers. Aggregate data from Revenera’s Compliance Intelligence customer, identifying the top 20 piracy and license compliance hotspots, reveals opportunities for revenue recovery.
Methodology

The Revenera Monetization Monitor 2025 Outlook series of reports is based on 418 complete responses to a survey conducted by Revenera from May through July 2024. Job levels of these survey respondents were C-level/executive (23 percent), SVP/VP (17 percent), director (44 percent), manager/team leader (15 percent), and individual contributors/non-manager/consultant (1 percent). The first report in this series focuses on Software Monetization Models and Strategies. This report focuses on Software Piracy & Compliance. The final report will focus on Software Usage Analytics.

Follow Revenera

About Revenera
Revenera helps product executives build better products, accelerate time-to-value, and monetize what matters. Revenera’s leading solutions help software and technology companies drive top-line revenue with modern software monetization, understand usage and compliance with software usage analytics, empower the use of open source with software composition analysis, and deliver an excellent user experience—for embedded, on-premises, cloud, and SaaS products. To learn more, visit http://www.revenera.com.

The MIL Network –
January 23, 2025
MIL-OSI: Starbox Launches AI-Driven Digital Human System for Merchants on WeChat Channels, Supporting Its Over 800 Merchants and Over Two Million Existing Users via Live Streaming and Short Videos

Source: GlobeNewswire (MIL-OSI)

KUALA LUMPUR, Malaysia, Oct. 17, 2024 (GLOBE NEWSWIRE) — Starbox Group Holdings Ltd. (Nasdaq: STBX) (“Starbox” or the “Company”), a service provider of cash rebates, advertising, and payment solutions, is excited to announce that its wholly owned subsidiary, Starbox Technologies Sdn. Bhd. (“Starbox Technologies”), has launched its AI-Driven Digital Human System for merchants on WeChat Channels, supporting over 800 Starbox Technologies’ merchants and over two million existing users via live streaming and short videos.

Marking a significant advancement in e-commerce, Starbox Technologies has launched its AI-Driven Digital Human System, enabling merchants to create and publish live streams and short videos on WeChat Channels. This initiative enhances the reach of Starbox Technologies’ existing cash rebate platform by allowing merchants to promote and sell their products through video content.

Merchants can now create content and host live streams using the AI-Driven Digital Human System. Virtual hosts powered by AI can continuously engage consumers with 24/7 availability, forging connections between consumers and brands. Further, the cash rebate platform’s intelligent engine analyzes consumers’ user behavior and delivers personalized video and product recommendations to consumers, which may boost the sales conversion rate and strengthen the cash rebate platform.

Leveraging the reach and engagement of WeChat Channels, the cash rebates platform and the AI-Driven Human System offer users instant cash rebates, which are designed to make cross-border shopping more rewarding and efficient. This strategic expansion supports Starbox Technologies’ mission to innovate in the evolving world of e-commerce, particularly through video content, with a focus on the Southeast Asia region.

“This innovative approach aligns with global market trends and supports our expansion efforts, especially in Southeast Asia, significantly expanding Starbox Technologies’ cash rebates market reach,” said Lee Choon Wooi, Chief Executive Officer and Chairman of the Board of Directors at Starbox. “By tapping into WeChat Channels’ extensive monthly active user base, we aim to strengthen our global presence and our presence in Southeast Asia, and deliver our cutting-edge solutions to a wider audience.”

About Starbox Group Holdings Ltd.

Headquartered in Malaysia, Starbox is a technology-driven, rapidly growing company with innovation as its focus. Starbox is aiming to be a comprehensive technology solutions provider within Southeast Asia and also engages in building a cash rebate, advertising, and payment solution business ecosystem targeting micro, small, and medium enterprises that lack the bandwidth to develop an in-house data management system for effective marketing. The Company connects retail merchants with retail shoppers to facilitate transactions through cash rebates offered by retail merchants on its GETBATS website and mobile app. The Company provides digital advertising services to advertisers through its SEEBATS website and mobile app, GETBATS website and mobile app and social media. The Company also provides payment solution services to merchants. For more information, please visit the Company’s website: https://ir.starboxholdings.com and WeChat Channels: StarboxTechnologies.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. 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. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “assesses,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or 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 U.S. Securities and Exchange Commission. References and links (including QR codes) to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

For more information, please contact:

Starbox Group Holdings Ltd.
Investor Relations Department
Email: ir@starboxholdings.com

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7ae660e2-a464-4066-b7ba-043fa9fd385f

The MIL Network –

January 23, 2025
MIL-OSI United Kingdom: MAIB Annual Report 2023 published
Source: United Kingdom – Executive Government & Departments

This report provides information on the branch’s activities during 2023.
Today, we have issued our annual report which details the work of the branch during 2023 and includes:

a statement from the Chief Inspector of Marine Accidents

a feature on MAIB’s new data portal

an overview of accidents reported

a summary of investigations started

details of investigation reports published

recommendations issued in 2023 and an update on their status

updates on open recommendations made in previous years

marine accident statistics

Read more in our Annual Report 2023.

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Published 17 October 2024
MIL OSI United Kingdom –
January 23, 2025
MIL-OSI Global: The Apprentice: released so close to the polls, this Trump biopic is inevitably political

Source: The Conversation – UK – By Michelle Bentley, Professor of International Relations, Royal Holloway University of London

The Apprentice – a new film dramatising Donald Trump’s business career during the 1970s and 80s – is the latest in a presidential election full of controversy.

The movie charts Trump’s (Sebastian Stan) professional rise from an awkward nobody to hotshot real-estate tycoon. Trump’s Pygmalion-like transformation is credited to his friendship with Roy Cohn (Jeremy Strong). Cohn was an infamous prosecutor who worked with Senator Joseph McCarthy during the Communist and Lavender (homosexual) scares, and as a political fixer for Richard Nixon.

The key storyline is that Trump becomes Cohn’s apprentice, learning underhanded ways of business and Machiavellian deal-making. Other figures said to have influenced Trump’s career, such as political adviser Roger Stone, get only cameos at best.

Trump does not look good. He is portrayed as vain, using amphetamines as diet pills and getting plastic surgery including liposuction and a scalp reduction. Trump rejects his alcoholic brother and later Cohn, who dies from AIDS in social disgrace.

Trump is also shown to rape his then-wife, Ivana (Maria Bakalova) – a scene which made headlines after the movie’s Cannes Film Festival premiere earlier this year. The rape claim was made during the couple’s divorce proceedings, although Ivana said afterwards that she did not consider the incident “rape” in a criminal sense.

Director Ali Abbasi says this depiction isn’t a take-down of the former president but a more nuanced exploration of Trump’s character. Indeed, there is sympathy for Trump – for example, by detailing the emotional pressure from his father.

The film explores how this experience fuelled Trump’s obsession with winning, which is cultivated by Cohn and his three rules of success: “attack, attack, attack”, “deny everything” and “never admit defeat”. The film seeks to get inside Trump’s mindset, not only as a businessperson, but unpicking what drove him in the White House, as well as the election he’s now fighting.

Some have criticised this approach for being too soft on Trump. A review in The Guardian called the film “obtuse and irrelevant”. A further concern is that presenting Trump as a “winner” could actually be seen to legitimise amoral business practices as successful, especially given that Trump’s later six bankruptcies are not clearly mentioned.

The Apprentice is also a deeper commentary on America. Another character comments that Cohn’s three rules also describe US foreign policy. The film raises big questions about the US, not least where Cohn repeatedly highlights what he identifies as the country’s virtues, and justifies his (sometimes illegal) actions as upholding these. The audience is left to consider what shapes America and its foreign policy – and what may be toxic about this.

Will the film influence the upcoming election?

The Apprentice’s screenwriter, Gabriel Sherman, insists the movie is not designed “to influence people’s minds”. Yet the film’s release so close to the polls means it is inevitably political.

The Apprentice is unlikely to radically shift the electoral needle. Trump’s negative portrayal may make some voters on the fence question his suitability for high office. But beyond this, the film will reinforce what people already thought.

Pro-Trumpers won’t like the movie, but this upset will likely just give oxygen to their support. Those against Trump will also be able to feel their opinion has been affirmed, even by those who would have wanted the film to take a harder line. Although it’s perhaps uncertain whether anyone who dislikes Trump will want to spend two hours watching even more of him than they already have in this election.

While the film likely won’t influence the final outcome, it is still a major marker in this election thanks to the huge controversy around it. Concern over its divisive portrait of Trump meant the movie took five years to reach production. Clint Eastwood turned down the option to direct due to the perceived business risk involved. Distribution also took time to secure – a situation Abbasi describes as a “boycott or censorship”.

Distribution problems were also exacerbated by legal threats. After Cannes (where the film received an eight-minute ovation), Trump’s legal team issued a cease-and-desist letter. Communications Director for the Trump election campaign, Steven Cheung, said the film was “garbage” and “pure fiction”, constituting election interference.

Strong resistance also came from billionaire and close Trump associate, Dan Snyder, who was involved in the film’s financing, thinking it would paint a positive picture of the presidential hopeful. Snyder later sought to block the film’s release after seeing a preview.

Controversy has only raised the movie’s profile. And while people will watch it for very different political reasons, some will buy a ticket purely because this film is now a standout event in one of the most contentious US elections in history.

Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.

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

– ref. The Apprentice: released so close to the polls, this Trump biopic is inevitably political – https://theconversation.com/the-apprentice-released-so-close-to-the-polls-this-trump-biopic-is-inevitably-political-241077

MIL OSI – Global Reports –

January 23, 2025
MIL-OSI Asia-Pac: HKETO Jakarta promotes latest initiatives of Policy Address in Indonesia (with photos)

Source: Hong Kong Government special administrative region

The Hong Kong Economic and Trade Office in Jakarta (HKETO Jakarta) supported the inaugural Hong Kong – Indonesia Digital Summit held in Jakarta, Indonesia, today (October 17). The Summit was jointly organised by the Indonesia Hong Kong Business Association and the Indonesia Chamber of Commerce in Hong Kong.

The Director-General of the HKETO Jakarta, Miss Libera Cheng, shared with Summit participants during the gala dinner the latest initiatives related to the development of new quality productive forces and the promotion of Hong Kong’s digital economy as announced in “The Chief Executive’s 2024 Policy Address” delivered by the Chief Executive yesterday (October 16), with a view to publicising the city’s latest developments and opportunities.

Addressing the event, Miss Cheng stressed that the Hong Kong Special Administrative Region (HKSAR) Government is committed to developing Hong Kong into an international innovation and technology (I&T) centre by promoting the upgrading and transformation of traditional industries while diligently nurturing emerging ones. The measures include increasing investment and guiding market capital to invest in I&T industries, while an HK$10 billion I&T Industry-Oriented Fund will be set up to guide more market capital to invest in specified emerging and future industries of strategic importance, including life and health technology and artificial intelligence.

She added, “The HKSAR Government will press ahead with the development of a digital economy. We will also expedite the integrated development of the digital economy and the real economy, which includes accelerating the digital transformation of industries, strengthening digital infrastructure, and exploring development of a data trading ecosystem.

“In the digital world, data is king. Under the ‘one country, two systems’ framework, Hong Kong enjoys unique advantages in cross-boundary data flow. The HKSAR Government is exploring on a pilot basis facilitation arrangements for cross boundary data flow within the Guangdong Hong Kong Macao Greater Bay Area. Such co-operation would bring enormous opportunities for research and development work.”

The gala dinner was attended by over 150 participants including senior representatives from government and business circles, as well as I&T companies.

MIL OSI Asia Pacific News –

January 23, 2025
MIL-OSI China: China-Europe Talent Forum held in Beijing

Source: China State Council Information Office 3

Venue of the 2024 China-Europe Talent Forum.

The 2024 China-Europe Talent Forum was held in Beijing on October 15. With the theme of Sharing Together, Growing Together, Winning Together – Bridging Continents: Fostering Future-Fit Talent Development, the forum invited more than 240 Chinese and foreign guests to participate in in-depth exchanges and dialogues and promote cooperation between China and Europe in talent innovation.

The event, which consisted of one main forum and six sub-forums, was co-hosted by the Beijing Talent Work Bureau and Switzerland’s Adecco Group. During the main forum, renowned Chinese and European scholars, representatives of international organizations, Nobel laureates, academicians and experts, heads of well-known think tanks, executives of multinational enterprises, and other guests conducted in-depth exchanges and dialogues to discuss China-Europe talent cooperation and innovation within the context of globalization. The sub-forums focused on the themes of youth, education, scientific and technological talents, culture, economy and trade, and international sports. Attendees had in-depth discussions on the key role of talents in the development of China-Europe relations, and further promoted practical ways for cooperation.

Du Zhanyuan, president of China International Communications Group, presenting a keynote speech.

Yin Li, member of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the CPC Beijing Municipal Committee, attended the opening ceremony and delivered a speech, and former French Prime Minister Jean-Pierre Raffarin delivered a video speech. Yin Yong, mayor of Beijing, presided over the opening ceremony. Deng Li, vice foreign minister of China, Jürg Burri, Swiss ambassador to China, Du Zhanyuan, president of China International Communications Group (CICG), Gong Qihuang, president of Peking University, and Jean-Christophe Deslarzes, chair of Adecco Group, each delivered keynote speeches.

During the forum, a number of talent cooperation projects were launched or unveiled. A Memorandum of Understanding in support of the operations of international science and technology organizations in Beijing was signed by the China Center for International Science and Technology Exchange, Beijing Talent Work Bureau, and Beijing Association for Science and Technology. It is part of Beijing’s efforts to build itself into an international hub of scientific and technological innovation. The GNIS China-Europe Innovation Center was launced by Beijing Overseas Talents Center and the government of  Xicheng District to build a broad stage for the innovation and entrepreneurship of young talents from both China and Europe. The Internship Base between Peking University and Adecco Group was unveiled. It provides internship opportunities, professional internship advice, and career consultation to achieve positive interaction between unviersities and enterprises and strive to improve the global career development ability of outstanding young students.

The 2024 Global City Talent Retention Index was released at the forum.

During the section of publicizing research results, Adecco Group released the 2024 Global Workforce of the Future Report, which delved into a wide range of key topics concerning enterprises and workers worldwide, including employability skills, work practice, diversity, equity, and inclusion (DEI), employee welfare, and the impact of artificial intelligence on the labor market.  With up-to-date opinions on the trend of workforce, this report provides employers with insights into future strategic planning.

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MIL OSI China News –

January 23, 2025
MIL-OSI: Commercial Drone Industry Has Expanded Significantly as Billion Dollar Market is Awarding Lucrative Opportunities for Manufacturers

Source: GlobeNewswire (MIL-OSI)

PALM BEACH, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The business use cases of commercial drones have expanded significantly over the past few years and the commercial drone market is growing to interior uses in warehouses/facilities in additions to all of the well know exterior used. They are also being increasingly adopted in the construction and real estate sectors due to their ability to survey the property, offer constant and exact project alerts, increase safety, and prevent harmful accidents on construction sites. Moreover, their conventional applications, such as monitoring, surveillance, and security, have instigated the product demand for search and rescue operations, identifying unstable roofs in dangerous and inaccessible positions, tracking out elevated infrastructure that might have damaged electrical cables, etc. A recent report issued by Grand View Research, discussed the segments on the market, saying: “Product Insights: The rotary blade segment held the largest revenue share of over 78.9% in 2024. The demand for rotary blade drones is anticipated to surge for inspection activities owing to its ability to hover and execute agile maneuvering while maintaining a visual on a particular target for prolonged periods. These drones are often seen as a suitable alternative for various business applications such as surveillance, filmmaking, photography, and monitoring. In addition, they are easier to control than hybrid and fixed-wing counterparts. The hybrid segment is expected to attain a CAGR of over 18% over the forecast period owing to the advantages associated with these commercial drones. These drones enhance their efficiency and power by integrating the capabilities of batteries and fuel. Moreover, these drones can fly for long periods with heavier payloads, even in severe weather conditions. Tech giants like Facebook and Amazon use hybrid drones to transport packages effectively and quickly while enabling internet access in remote locations.” Active Tech Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Red Cat Holdings, Inc. (NASDAQ: RCAT), Joby Aviation, Inc. (NYSE: JOBY), EHang Holdings Limited (NASDAQ: EH), AeroVironment, Inc. (NASDAQ: AVAV).

Grand View Research continued: “Application Insights: The commercial application segment accounted for a revenue share of over 74.02% in 2024. – End Use Insights; The media & entertainment segment accounted for a revenue share of over 21.4% in 2024 and is expected to record a notable growth from 2025 to 2030. – Range Insights: The visual line of sight (VLOS) segment accounted for the largest revenue share of over 69% in 2024 and the beyond visual line of sight (BVLOS) segment is expected to grow at the fastest CAGR of over 11.2% over the forecast period. – Operating Mode Insights: The remotely piloted segment accounted for the largest revenue share of over 59% in 2024 and the fully autonomous segment is expected to grow at the fastest CAGR of 12.4% over the forecast period. The electric propulsion type segment accounted for the largest revenue share of over 72% in 2024. The segment dominance is attributed to the popularity of electric drones using rechargeable batteries. These drones have gained widespread adoption due to numerous advantages such as quiet operations, flight efficiency, longer flight times, and easy maintenance, among others. This, in turn, is expected further to drive the segment demand over the forecast period.”

ZenaTech Inc.’s (NASDAQ:ZENA) ZenaDrone Team Begins US Flight Testing of ZenaDrone 1000 Drone in the Arizona Desert – ZenaTech, Inc. (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone solutions and enterprise SaaS (Software-as-a-Service) solutions, announced today that its subsidiary, ZenaDrone, has begun the first US flight testing of the ZenaDrone 1000 drone, including new hardware and software configurations, in the desert near Phoenix, Arizona. The company has also been concurrently working towards setting up offices, operations and partnerships in the state.

“After years of development work and recently achieving US FAA approval, it is gratifying to be able to conduct live test flights and further build our company base in Arizona. This is the first of many test flights and demonstrations that will help us refine and build the reliability of the ZenaDrone 1000 solutions for agriculture, defense, security, land surveying and other applications where we see demand,” said CEO Shaun Passley, Ph.D. One of the company’s longstanding collaboration partners is the Arizona Commerce Authority (ACA), the State of Arizona’s economic development organization.

“We are thrilled that ZenaDrone has further grown and strengthened its Arizona presence by choosing Arizona as its base of U.S. operations. And we are now delighted that they have chosen Arizona’s skies to begin live testing of the ZenaDrone 1000 product. We look forward to continued work with ZenaDrone to grow their business in Arizona and throughout the world, including via participation at international trade shows and on international trade missions,” said Kevin O’Shea, Senior Vice President of International Trade for the ACA. Read the full press release and more for ZenaTech at: https://www.financialnewsmedia.com/news-zena/

Additional Groundbreaking ZenaTech Inc. Developments include:

ZenaTech recently announced that its subsidiary, ZenaDrone, has begun the first US trial of the IQ Nano product solution for inventory management, beginning with a multinational auto part and components customer. The drone will be reading the bar codes and collecting inventory information as part of a paid trial. The IQ Nano indoor drone is designed for customers with warehouse, logistics and distribution operations to help them save costs and improve productivity by managing various tasks such as taking inventory, turning a weeklong activity into one day.

“After two years of product development work, the initiation of the first IQ Nano drone trial inside a customer’s warehouse is an important milestone. We believe the technology will help innovate and improve their inventory management process. Further, receiving feedback from our first paying customer will be extremely valuable as we continue to fine tune our IQ series solutions, enabling us to expand our offerings with this and additional new customers,” said CEO Shaun Passley, Ph.D.

ZenaTech also recently announced that its subsidiary, ZenaDrone, is launching its IQ Nano product, part of the IQ series of indoor/outdoor drones. The IQ Nano is designed for customers in sectors such as warehousing and logistics to save costs and improve productivity while performing indoor inspection, monitoring and tracking processes including inventory management.

The ZenaDrone IQ Nano is a 10×10-inch drone designed to perform regular and frequent inspections for applications such as bar code or RFID scanning, facility maintenance inspections, security monitoring, and 3D mapping specific to the needs of companies with warehouse, distribution, plants and industrial facilities. It is designed for autonomous use featuring integrated sensors, high-quality cameras and data collection. Weighing 1.5kg and with a flight time of up to 20 minutes before utilizing the automatic battery charging station, it is designed for hovering stability and for safety with obstacle avoidance capabilities.

And finally, ZenaTech recently announced that its subsidiary, ZenaDrone, has commenced aerial operations to launch commercial drone services in the US. This was made possible due to recently achieving Federal Aviation Authority (FAA) exemption approval.

Other recent developments in the Drone and/or Technology industry include:

Red Cat Holdings, Inc. (NASDAQ: RCAT) recently announced it secured a $1 million contract for its Edge 130 Blue drones from the United States Army Communications-Electronics Command (CECOM). The contract was secured through Noble, a leading provider of global sustainment and operations support for the U.S. Military and civilian government agencies, and was coordinated for procurement by the U.S. Defense Logistics Agency (DLA) on behalf of CECOM.

FlightWave, an industry-leading provider of VTOL drone, sensor and software solutions was acquired by Red Cat in September 2024. The acquisition brings FlightWave’s flagship drone, the Edge 130 Blue into its family of low-cost, portable unmanned reconnaissance and precision lethal strike systems. FlightWave’s size, weight and vertical take off capabilities makes it ideal for maritime operations and littoral environments. FlightWave’s recent TACFI award will accelerate advanced enhancements to the Edge 130 Blue.

Toyota Motor Corporation (TM) and Joby Aviation, Inc. (NYSE: JOBY), a company developing electric air taxis for commercial passenger service, recently announced that Toyota will invest an additional $500 million to support the certification and commercial production of Joby’s electric air taxi, with the aim of realizing the two companies’ shared vision of air mobility.

The investment, which will be made in two equal tranches, is subject to standard regulatory approvals and certain other conditions, finalization of collaborative and commercial agreements and, with respect to the second tranche, the finalization of terms related to a strategic alliance focused on commercial manufacturing and certain other conditions. The investment, which will bring Toyota Motor Corporation’s total investment in Joby to $894 million, will be made in the form of cash for common stock, with the first tranche targeted to close later this year and the second in 2025. Further details of the investment are available via the companies’ regulatory filings with the SEC.

EHang Holdings Limited (NASDAQ: EH), the world’s leading Urban Air Mobility (“UAM”) technology platform company, recently announced a major milestone with the successful completion of the first flight of its EH216-S pilotless eVTOL in Brazil.

EHang’s first trial flight in Brazil took place in Quadra, located in the São Paulo region, in partnership with its local operator, Gohobby Future Technologies (“Gohobby). This achievement holds significant importance for the future development of UAM solutions in Brazil, a country known as the birthplace of Latin American aviation, home of one of the world’s leading aeronautical industries, and one of the world’s largest eVTOL markets. As for now, EHang and its local partners have carried out over 50,000 safe flights in 17 countries across Asia, Europe, North America, and Latin America.

AeroVironment, Inc. (NASDAQ: AVAV) recently showcased the maritime prowess of its combat-proven JUMP^® 20 uncrewed aircraft system (UAS) during the NATO REPMUS 2024 (Robotic Experimentation and Prototyping using Maritime Uncrewed Systems) exercise off the coast of Portugal. This dynamic demonstration reinforced JUMP 20’s advanced Intelligence, Surveillance, and Reconnaissance (ISR) capabilities, autonomously launching and landing on a moving vessel in rough seas, with conditions reaching sea state level 5 and winds over 20 kts.

The JUMP 20 also highlighted its multi-sensor mission versatility, seamlessly executing wide-area search and detection tasks. Its advanced Electro Optical and Mid-Wave Infrared (MWIR) turret automatically slewed to investigate identified targets without repositioning the platform, ensuring constant operational focus. Full-motion video was captured and later analyzed using AV’s cutting-edge computer vision technology, SPOTR-Edge™, enabling perception analysis using its robust library of object classifications, including persons, vehicles, and maritime vessels. Additionally, video from this event will further enhance the solution, making the JUMP 20 even more capable for future deployments by refining its object recognition and situational response capabilities.

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SOURCE: FN Media Group

The MIL Network –

January 23, 2025
MIL-OSI: Global Commercial Drone Market Size Estimated at $30 Billion as Technological Advancements are Booming

Source: GlobeNewswire (MIL-OSI)

PALM BEACH, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Experts and investors see continued growth in the global commercial drone market size. The market growth is attributed to the increasing enterprise application of drones across various industry verticals. Several drone manufacturers are continually testing, inventing, and upgrading solutions for diverse markets used for various applications, including filming and emergency response. Besides, the integration of modern technologies in commercial drones to deliver enhanced solutions is opening new growth opportunities for the commercial drone market. According to a report from Grand View Research said that the global commercial drone market size, which was estimated at USD 30.02 billion in 2024 is expected to grow at a CAGR of 10.6% from 2025 to 2030. The report said: “Technological advances allow companies to design and construct measurement and annotation tools for estimating area, volume, and distance. As a result, organizations are constantly adopting Artificial Intelligence (AI) and Machine Learning (ML) solutions to retrieve accurate findings from large volumes of data. Integration of these modern technologies provides the industry with ample opportunities as they facilitate real-time, data-driven decision-making through high-speed data capture, processing, and transfer. AI-powered drones also allow users to interact and observe footage captured by other drones in real-time and track their flight paths.” Active Tech Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), AgEagle Aerial Systems Inc. (NYSE: UAVS), RTX Corporation (NYSE: RTX), Draganfly Inc. (NASDAQ: DPRO), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS).

Grand View Research continued: “The delivery & logistics segment is expected to witness the fastest CAGR of 14.3% from 2025 to 2030 with the expansion of the e-commerce sector across the globe. With the increased demand for quick delivery of goods, drones are being increasingly used in e-commerce warehouses for product warehousing and delivery. Warehouses worldwide are making significant investments to enhance the level of automation. In this regard, drones find an important usage in operations, such as barcode scanning, that require more person-hours. The U.S. commercial drone market is anticipated to grow at a CAGR of above 8% from 2025 to 2030. The region is expected to witness steady growth considering the developments in UAV technology, favorable government initiatives, and growing demand from enterprises across industries. Furthermore, the Federal Aviation Administration (FAA) issued new regulations to facilitate more coherent and consistent standards for the legal and safe operation of UAVs in commercial spaces. These rules and regulations are anticipated to mitigate entry barriers and encourage product usage.”

ZenaTech Inc.’s (NASDAQ: ZENA) ZenaDrone Team Begins US Flight Testing of ZenaDrone 1000 Drone in the Arizona Desert – ZenaTech, Inc. (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone solutions and enterprise SaaS (Software-as-a-Service) solutions, announced today that its subsidiary, ZenaDrone, has begun the first US flight testing of the ZenaDrone 1000 drone, including new hardware and software configurations, in the desert near Phoenix, Arizona. The company has also been concurrently working towards setting up offices, operations and partnerships in the state.

“After years of development work and recently achieving US FAA approval, it is gratifying to be able to conduct live test flights and further build our company base in Arizona. This is the first of many test flights and demonstrations that will help us refine and build the reliability of the ZenaDrone 1000 solutions for agriculture, defense, security, land surveying and other applications where we see demand,” said CEO Shaun Passley, Ph.D. One of the company’s longstanding collaboration partners is the Arizona Commerce Authority (ACA), the State of Arizona’s economic development organization.

“We are thrilled that ZenaDrone has further grown and strengthened its Arizona presence by choosing Arizona as its base of U.S. operations. And we are now delighted that they have chosen Arizona’s skies to begin live testing of the ZenaDrone 1000 product. We look forward to continued work with ZenaDrone to grow their business in Arizona and throughout the world, including via participation at international trade shows and on international trade missions,” said Kevin O’Shea, Senior Vice President of International Trade for the ACA. Read the full press release and more for ZenaTech at: https://www.financialnewsmedia.com/news-zena/

Additional Groundbreaking ZenaTech Inc. Developments include:

ZenaTech recently announced that its subsidiary, ZenaDrone, has begun the first US trial of the IQ Nano product solution for inventory management, beginning with a multinational auto part and components customer. The drone will be reading the bar codes and collecting inventory information as part of a paid trial. The IQ Nano indoor drone is designed for customers with warehouse, logistics and distribution operations to help them save costs and improve productivity by managing various tasks such as taking inventory, turning a week-long activity into one day.

“After two years of product development work, the initiation of the first IQ Nano drone trial inside a customer’s warehouse is an important milestone. We believe the technology will help innovate and improve their inventory management process. Further, receiving feedback from our first paying customer will be extremely valuable as we continue to fine tune our IQ series solutions, enabling us to expand our offerings with this and additional new customers,” said CEO Shaun Passley, Ph.D.

ZenaTech also recently announced that its subsidiary, ZenaDrone, is launching its IQ Nano product, part of the IQ series of indoor/outdoor drones. The IQ Nano is designed for customers in sectors such as warehousing and logistics to save costs and improve productivity while performing indoor inspection, monitoring and tracking processes including inventory management.

The ZenaDrone IQ Nano is a 10×10-inch drone designed to perform regular and frequent inspections for applications such as bar code or RFID scanning, facility maintenance inspections, security monitoring, and 3D mapping specific to the needs of companies with warehouse, distribution, plants and industrial facilities. It is designed for autonomous use featuring integrated sensors, high-quality cameras and data collection. Weighing 1.5kg and with a flight time of up to 20 minutes before utilizing the automatic battery charging station, it is designed for hovering stability and for safety with obstacle avoidance capabilities.

And finally, ZenaTech recently announced that its subsidiary, ZenaDrone, has commenced aerial operations to launch commercial drone services in the US. This was made possible due to recently achieving Federal Aviation Authority (FAA) exemption approval.

Other recent developments in the technology industry include:

AgEagle Aerial Systems Inc. (NYSE: UAVS) recently announced the Company was selected to participate in the REPMUS 2024 Exercise co-hosted by NATO. Exercises and demonstrations took place September 9-27, 2024 in Troia, Portugal.

REPMUS (Robotic Experimentation and Prototyping augmented by Maritime Unmanned Systems) is an annual Portuguese Navy (PN)-led, NATO co-hosted exercise, focusing on maritime unmanned system (MUS) capability development. The objective of REPMUS 2024 is to conduct large-scale operational experimentation. The exercise facilitated the engagement of operational communities with the industry and academia, integrating the latest commercial off-the-shelf systems for trials. It also focused on validating experimental tactics, upgraded vehicles, software updates, integrated payloads, and command and control on Maritime Unmanned Systems (MUS) to address key operational issues. The last REPMUS exercise, which took place in September 2023, was attended by more than 25 Navies, 8 NATO entities and more than 30 companies and universities dedicated to research and development in this area.

Raytheon, an RTX Corporation (NYSE: RTX) business, recently announced that it has entered full-rate production for Standard Missile-3 Block IIA, validating the program’s design maturity amid increased demand for the product from the United States and allied partners. The SM-3 Block IIA production milestone cleared the way for a $1.9 billion award from the U.S. Missile Defense Agency in July 2024 to produce rounds for both the U.S. government and Japan Ministry of Defense.

Full-rate production signals that there is no elevated design or manufacturing risk in the missile and validates its reliability and performance. “SM-3 Block IIA is a testament to the continuing partnership with Japanese industry to mature ballistic missile defense capabilities for the defense of our nation and our allies around the globe,” said Barbara Borgonovi, president of Naval Power at Raytheon. “This milestone indicates that the team has achieved full maturity in the missile’s design which leads to greater efficiencies throughout the program.”

Draganfly Inc. (NASDAQ: DPRO), an award-winning, industry-leading drone solutions and systems developer, recently announced updates to its Board of Directors and Advisory Board. Olen Aasen is stepping down from the Draganfly Board, and Kim Moody has been appointed as the new Audit Chair. Additionally, Draganfly is welcoming back Andy Card, former White House Chief of Staff, to the Advisory Board.

Andy Card, who previously served on Draganfly’s Board of Directors, is rejoining the Company as a member of its Advisory Board, brings decades of leadership experience. He served as White House Chief of Staff under President George W. Bush from 2000 to 2006, managing the Executive Office of the President and shaping U.S. policy during critical moments, including the September 11th attacks. Andy’s career also includes roles as U.S. Secretary of Transportation and Vice President of Government Relations for General Motors.

“We are thrilled to welcome Andy back to the Draganfly team in this advisory capacity,” commented Cameron Chell, Draganfly CEO. “His leadership experience and trusted counsel have been critical to the Company’s growth, and we look forward to his continued insights as we drive innovation and expand our presence in the UAV industry.”

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) recently announced that it has recently received a new, sole source, approximate $45 million single award contract related to a new satellite system. Work under this new satellite system contract award will be performed at secure Kratos engineering, production and integration facilities. Due to customer related, competitive and other considerations, no additional information will be provided regarding the new contract award at this time.

Phil Carrai, President of Kratos Satellite Business Unit, said, “The Kratos team is laser focused on rapidly developing and delivering leading technology products, software and systems to our National Security related customers in support of Mission Critical Space and Satellite system requirements. We are excited about this new space system program opportunity.”

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The MIL Network –

January 23, 2025
MIL-OSI NGOs: Time for $5: Over 200,000 people support MSF’s call for Danaher to make medical tests more affordable News Oct 17, 2024

Source: Doctors Without Borders –

To make sure everyone has adequate access to testing and save more lives, Danaher, the company that owns Cepheid and its GeneXpert tests, must drop the price to $5 for all GeneXpert medical tests sold in low- and middle-income countries. The petition has been signed by 206,937 people from 194 countries.

Testing is essential as it’s the first step to diagnosing someone who is sick, getting them on the treatment they need, and preventing further spread of infectious diseases—especially in the places MSF works where health care services are often limited for those who fall ill. Danaher’s GeneXpert medical test is critical for diagnosing diseases at the “point of care,” meaning close to where people live and are seeking medical care. Access to “point of care” testing is critical since laboratories are often scarce in lower-resource settings. The GeneXpert tests are used to diagnose people with diseases like drug-resistant tuberculosis (TB), HIV, hepatitis, sexually transmitted infections, and Ebola.

“Danaher and Cepheid, it’s time for you to listen to the more than 200,000 people around the world demanding immediate access to affordable lifesaving medical tests for people in low- and middle-income countries,” said Mihir Mankad, director of global health advocacy and policy at MSF USA. “Our research shows that Danaher and Cepheid could charge $5 per test and still make a reasonable profit, so it’s inexcusable that they are still charging more than triple that price in even the poorest countries for most of the tests they produce.”

More timely diagnosis means more lives saved

MSF published research in 2019 estimating that each GeneXpert test produced by Cepheid could be sold at a profit for $5 at the sales volumes that Cepheid and Danaher reached long ago. In response to pressure mounted by the Time for $5 coalition and TB activists in September 2023, Danaher announced it would lower the price of the primary test used to diagnose TB from $10 to $8, which was an important first step. According to The Global Fund to Fight AIDS, Tuberculosis and Malaria, this price reduction is expected to result in annual savings of $32 million, enabling the purchase of an additional 3.6 million tests every year. This means that many more people with TB will receive timely diagnosis and treatment, and ultimately more lives will be saved.

However, Cepheid and Danaher intend to continue to charge between $15 and $20 for the same type of test used to diagnose extensively drug-resistant TB ($15), HIV ($15), hepatitis ($15), STIs ($16-$19) and Ebola ($20). These prices are 200 percent to 400 percent higher than the $5 it’s estimated to cost Cepheid and Danaher to make one test and still be able to sell it at a profit. This is especially egregious considering that Danaher and Cepheid benefitted from $252 million in public funding to help develop the product. MSF purchases more than $2 million worth of GeneXpert tests each year for use in its medical programs in approximately 70 countries.

People cannot wait any longer

In September 2023, Danaher committed to an annual third-party assessment of what it costs them to make GeneXpert tests—an important opportunity to demonstrate it was not heavily marking up its prices. However, over one year has passed since that promise, and no information has been made available by the corporation about how the audit will be conducted and who will be allowed to see the results.

“It’s been over a year since Danaher committed to coming clean about what it costs them to make the GeneXpert tests, but all we have so far is deafening silence from the corporation,” said Stijn Deborggraeve, diagnostics advisor for the MSF Access Campaign. “This silence comes even after we published recommendations for how Danaher can ensure the audit is rigorous and transparent. And now, the people who need these tests around the world cannot wait any longer: Danaher must immediately make public the information about its planned audit and ensure affordable access to lifesaving tests.”

MSF has sent an open letter asking Danaher and Cepheid to respond to the demands and concerns raised in the petition by October 25.

MIL OSI NGO –

January 23, 2025
MIL-OSI Russia: We Can Do Better
Source: IMF – News in Russian

Speech by Kristalina Georgieva, Managing Director, IMF

October 17, 2024

Thank you, Andrea, for your kind words. And thanks to all of you for coming.

Five years ago in this hall I delivered my first curtain-raiser as head of the IMF.

At that time my main concern was a synchronized slowdown in global growth. Only months later it paled in comparison with the sudden shock of the pandemic, followed by other dramatic events—the tragic wars in Ukraine and the Middle East, the cost-of-living crisis, and a further fracturing of the global economy.

Next week, the world’s finance ministers and central bank governors will converge here to reflect on where we are, where we are headed, and what to do about it. Let me offer you a preview of what this conversation will look like.

First, we will cherish the good news—and rightly so, because we haven’t had much of it lately. The big global inflation wave is in retreat. A combination of resolute monetary policy action, easing supply chain constraints, and moderating food and energy prices is guiding us back in the direction of price stability.

And this has been done without tipping the global economy into recession and large-scale job losses—something we saw during the pandemic and after past inflation episodes, and which many feared we would see again. Both the US and euro area labor markets, to take two examples, are cooling in an orderly manner.

This is a big achievement.

Where did this resilience come from? Answer: from strong policy and institutional foundations built over time, and from international policy cooperation as countries learned to act fast and act together. We are benefiting from central bank independence in advanced economies and many emerging markets; years of prudential reforms in banking; progress made in building fiscal institutions; and capacity development worldwide.

But, despite the good news, don’t expect any victory parties next week—for at least three reasons:
- For one thing, inflation rates may be falling, but the higher price level that we feel in our wallets is here to stay. Families are hurting, people are angry. Advanced economies saw inflation rates at once-in-a-generation highs. So too did many emerging market economies. But look how bad the situation was for the low-income countries. At the country level and at the level of individuals, inflation always hits the poor the hardest.
- Even worse, we are in a difficult geopolitical environment. We are all very worried about the expanding conflict in the Middle East and its potential to destabilize regional economies and global oil and gas markets. Its humanitarian impact, alongside the prolonged wars in Ukraine and elsewhere, is heartbreaking.
- And on top of it all, this is happening at a time when our forecasts point to an unforgiving combination of low growth andhigh debt—a difficult future.
Let’s take a closer look: medium-term growth is forecast to be lackluster—not sharply lower than pre-pandemic, but far from good enough. Not enough to eradicate world poverty. Nor to create the number of jobs we require. Nor to generate the tax revenues that governments need to service heavy debt loads while attending to vast investment needs, including the green transition.

The picture is made more troubling by high and rising public debt—way higher than before the pandemic, even after the brief but significant fall in debt-to-GDP as inflation lifted nominal GDP. And do please notice the shaded area in the chart—what it shows is that, in a severe but plausible adverse scenario, debt could climb some 20 percentage points of GDP above our baseline.

What does this mean for “fiscal space”? To answer this, let’s look at the share of government revenue consumed by interest payments. This is where high debt, high interest rates, and low growth come together—because it is growth that generates the revenues governments need to function and invest. As debt increases, fiscal space contracts disproportionately more in low-income countries—not all debt burdens are made the same.

And fiscal space keeps shrinking. Just look at the frightening evolution of the interest-to-revenue ratio over time. We can immediately see how the tough spending choices have become tougher with higher debt payments. Schools or climate? Digital connectivity or roads and bridges? That is what it comes down to.

To make matters worse, we live in deeply troubled times. The peace dividend from the end of the Cold War is increasingly at risk. In a world of more wars and more insecurity, defense expenditures may well keep rising while aid budgets fall further behind the growing needs of developing countries.

Not only is development assistance too small, but major players, driven by national security concerns, are increasingly resorting to industrial policy and protectionism, creating one trade restriction after another. Going forward, trade will not be the same engine of growth as before. It is the fracturing I warned of back in 2019—but worse. It is like pouring cold water on an already-lukewarm world economy.

My message today: we can do better.

As Ajay Banga, President of the World Bank and my dear colleague from across the street, likes to say: forecasts are not destiny. There is plenty we can and must do to lift our growth potential, reduce debt, and build a more resilient world economy.

Let me start with the domestic agenda. Governments must work to reduce debt and rebuild buffers for the next shock—which will surely come, and maybe sooner than we expect. Budgets need to be consolidated—credibly, yet gradually in most countries. This will involve difficult choices on how to raise revenues and make spending more efficient, while also making sure that policy actions are well-explained to earn the trust of the people.

Here is the problem though: fiscal restraint is never popular. And, as a new paper by IMF staff shows, it’s only getting harder. Across a wide sample of countries, political discourse increasingly favors fiscal expansion. Even the traditionally fiscally conservative political parties are developing a taste for borrow-to-spend. Fiscal reforms are not easy, but they are necessary and they can enhance inclusion and opportunity. Countries have shown that it can be done.

Ultimately, over the medium term, growth is key—to deliver jobs, tax revenues, fiscal space, and debt sustainability. Everywhere I go, I hear the same: an aspiration for higher growth and better opportunities. The question is: how?

Answer: focus on reforms—there is no time to waste:
- First area of reforms: make job markets work for people. We confront a world of deeply uneven demography: surging young populations in some places, aging societies elsewhere. Economic migration can help, but only up to a point given the anxieties in many countries. So too can supportive steps to help get more women into the workforce. Above all, there is a need for reforms to enhance skill sets and match the right people to the right jobs.
- Second area: mobilize capital. There is an abundance of it globally, but often not in the right places or right types of investments—just think of all the money from all corners of the globe poured into liquid but less-productive assets in a few major financial centers. Putting savings to work for maximum economic benefit requires policymakers to focus on eliminating barriers such as weak investment environments and shallow capital markets. Financial sector oversight must not only ensure stability and resilience, but also encourage prudent risk-taking and value creation.
- Third area: enhance productivity. This is what yields more output per unit of input, and there are many ways to raise it, from improving governance and institutions to cutting red tape to harnessing the power of AI. More and better spending on education and R&D help. Among advanced economies, those that lead on innovation show what works: venture capital industries, ecosystems that bring not only financing but knowledge, advice, and professional networks—screening new ideas, identifying winners, feeding them from birth to graduation. There are many lessons for others to learn.
Globally, the pace of reforms has been slowing since the global financial crisis as discontent has risen.

But progress is possible. A new IMF study shows that resistance to reforms is often driven by beliefs and misperceptions about the reforms themselves as well as the distributional effects. Reforms are best developed through two-way dialogue with the public, with measures to mitigate the impact on those who risk losing out. We have learnt how much this matters.

As policymakers pursue reforms at home, they must also look outward.

There is much that countries can do together as members of an integrated economic community, each benefitting from its own comparative advantage.

The forces of technology, trade, and capital mobility have delivered a hugely valuable degree of interconnectedness.

Yet still, we live in a mistrustful, fragmented world where national security has risen to the top of the list of concerns for many countries. This has happened before—but never in a time of such high economic co-dependence.

My argument is that we must not allow this reality to become an excuse to do nothing to prevent a further fracturing of the global economy. Quite the opposite. My appeal during these Annual Meetings will be: let us work together, in an enlightened way, to lift our collective prospects.

Let us not take the global tensions as given, but rather resolve to work to lower the geopolitical temperature and attend to the tasks that can only be tackled together:
- Exhibit one: trade, which has lowered prices, improved quality, and created jobs. Thus far, trade has shown remarkable resilience in the face of new barriers, often flowing around them via third countries. But such redirection is not efficient, nor can we assume it will continue indefinitely. Countries would do well to recognize that the rules-based global trading system delivered many benefits and is worth preserving.
- Two: climate, where we face an existential challenge, with countries that contributed the least to global emissions now first to suffer. Unexpectedly fast global warming should be ringing alarm bells. The glaciers are melting, the icecaps crumbling. Adverse weather events have telegraphed a frightening message from the future. We know what we must do: create fiscal space for the green transition, eliminate fossil-fuel subsidies, and get capital to where it is most needed. But we must do it!
- Three: artificial intelligence, our single best shot at higher productivity. IMF research finds that AI, if managed well, has the potential to lift world growth by up to 0.8 percentage points—with that alone, we would go to a higher growth path than in the years before the pandemic. Yet AI is urgently in need of regulatory and ethical codes that are fundamentally global. Why? Because AI is borderless—it is already on smartphones everywhere. We better hurry. This technology will not wait!
In all these areas and many more, the bottom line is that countries need to relearn how to work together. And institutions like the IMF—born from the basic idea that pooling resources together is efficient—play a vital role.

In my first term as Managing Director—an unprecedented crisis period—we acted decisively to help our membership. We provided one trillion dollars’ worth of liquidity, and we delivered critical economic analysis and advice that helped policymakers synchronize their actions.

Now, in the first days of my second term we have delivered again.

Our Executive Board, in full consensus, has just approved important reforms that reinforce our strong financial position and directly benefit our membership. We are reducing charges and surcharges on our regular lending, and putting in place a comprehensive package that secures our concessional lending capacity to support low-income countries.

And on November 1 our Board will welcome a third Director for Sub-Saharan Africa, ensuring more voice for what has been an underrepresented region.

Combined with the fifty percent quota increase agreed at our last Annual Meetings, these actions give us the strength to continue to deliver high value-added to a membership that engages not out of charity but self-interest.

It is the value we bring to our members that has resulted in our membership growing—and on that note, a very warm welcome to the Principality of Liechtenstein as it joins us as our 191st member!

From our founding at Bretton Woods in the dark days of 1944 to today, the IMF has established a tradition of adapting to the changing world around it. Today, I give you my word: this will continue. We will stand with our members, always looking for the most impactful ways to serve.

By the time I complete my second term at the helm of the IMF, I will have led it for most of this decade. And if I were granted one wish, it would simply be this: let not this decade be remembered as one where we allowed conflict to get in the way of existential tasks, storing up vast costs and potential calamity for those to follow. Let it be remembered as a time when we rose above our differences for the good of all.

For our mutual prosperity—and ultimately for our survival—I say we can do better: let there be peace on earth and a revival of cooperation.

Thank you!

IMF Communications Department

MEDIA RELATIONS

PRESS OFFICER: Mayada Ghazala

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

@IMFSpokesperson

https://www.imf.org/en/News/Articles/2024/10/17/sp101724-annual-meetings-2024-curtain-raiser

MIL OSI
MIL OSI Russia News –
January 23, 2025
MIL-OSI United Kingdom: AI model that checks for skin cancer shows promise

Source: Anglia Ruskin University

Published: 17 October 2024 at 14:45

Research found model outperformed existing methods of finding suspicious lesions

Scientists in the East of England have developed a way of using artificial intelligence to check for skin cancer, with the AI tool outperforming existing methods in a new study.

Researchers from Anglia Ruskin University, Check4Cancer, University of Essex and Addenbrooke’s Hospital worked on the AI model which was trained on data from 53,601 skin lesions from 25,105 patients.

In this study, researchers used machine learning and combination theory to distil 22 clinical features down to the seven most important that predict if a skin lesion might be suspicious or not. These features include: whether the lesion has recently changed size, colour or shape; whether the lesion was pink or inflamed; and hair colour at age 15.

Researchers applied proportional weighting to these seven features to create the new C4C Risk Score which has an accuracy of 69%. In the study it significantly outperformed existing methods such as 7PCL (62%) and Williams score (60%).

Some of the new risk factors they discovered, such as lesion age, pinkness, and hair colour, were important for all types of skin cancer but were not included in the older methods, which only focused on melanoma, a specific type of skin cancer.

Professor Gordon Wishart, Visiting Professor of Cancer Surgery at Anglia Ruskin University and Chief Medical Officer at Check4Cancer, said:

“This study shows the importance of using clinical data in skin lesion classification, which should help to improve the detection of skin cancer.

“Our new AI model, which combines the C4C risk score together with skin lesion images, could lead to a reduction in the need for patient referrals for biopsies, shorter waiting times for skin cancer diagnosis and treatment, and improved outcomes for patients.”

Consultant Plastic Surgeon Per Hall, who recently retired from Addenbrooke’s, said:

“The added value that this paper brings is the ability to help identify patients whose skin lesions are suspicious enough to justify onward referral for face-to-face analysis.

“Emphasis in the past has been on pigmented lesions and melanoma but other things grow on the skin that need sorting out such as basal cell carcinomas and squamous cell carcinomas.

“The NHS is deluged with referrals for skin lesion analysis – the vast majority are in fact innocent. This work is geared towards sifting out lesions that are potentially serious and identifying those patients whose skin is more prone to developing cancers so they can be seen quickly.”

The study, which was part-funded by a Knowledge Transfer Partnership (KTP) Grant from Innovate UK, was published in the Nature journal Scientific Reports.

It is hoped that regulatory approval for the AI model can be given in 2025.

MIL OSI United Kingdom –

January 23, 2025
MIL-OSI USA: NASA Seeks Innovative Ideas with Revamped Procurement Framework

Source: NASA

NASA is announcing the relaunch of the NASA Acquisition Innovation Launchpad (NAIL), a framework to drive innovation and modernize acquisition processes across the agency, after piloting the program for a year.
NASA spends approximately $21 billion or 85% of its budget on acquiring goods and services. Managed by NASA’s Office of Procurement, the NAIL was established to identify ways to manage risk-taking and encourage innovation through the submission, review, and approval of ideas from anyone who engages in the acquisition process.
Since launching last year, the goal of the NAIL has been to build an innovation-focused culture that can produce ideas from team members in the Office of Procurement or across the agency, as well as from industry.
“The success of the NAIL inaugural year has laid a strong foundation for the future,” said Karla Smith Jackson, deputy chief acquisition officer and assistant administrator for the Office of Procurement.
Over the past year, the NAIL has achieved numerous milestones, allowing NASA to approach various procurement challenges and implement diverse solutions. Key accomplishments include improving procurement processes and technological automations and developing an industry feedback forum. The program update will leverage industry’s feedback to continue fostering innovative solutions and optimize the agency’s procurement efforts.
As NASA’s Office of Procurement embarks on fiscal year 2025, the NAIL relaunch will use information from the program’s pilot year to focus on the following priorities:

Providing additional engagement opportunities for the agency’s network of innovators
Enhancing the framework to improve internal outcomes for the agency
Promoting procurement success stories
Investing in talent and technology

“We are incredibly proud of the program’s achievements and are even more excited about the opportunities ahead with the relaunch,” said Kameke Mitchell, NAIL chair and director for the Procurement Strategic Operations Division. “We encourage everyone to get involved and make fiscal year 2025 a standout year for innovation.”
In addition to programmatic updates, NAIL’s program manager, Brittney Chappell, will lead new engagements and framework enhancements moving forward.
“I am thrilled to step into this role and lead the program, using everything our team has learned from the last year,” said Chappell. “Together with internal and external stakeholders, we will turn bold ideas into impactful solutions that drive real change.”
To collaborate or share innovative ideas, reach out to the NAIL Procurement team at hq-op-nail@mail.nasa.gov.
For more information about the NAIL framework, visit:
https://www.nasa.gov/procurement-nail-framework

MIL OSI USA News –

January 23, 2025
MIL-OSI USA: Kamlager-Dove Secures $1 Million to Fund Construction of SoLa Impact’s New Tech & Entertainment Center in Crenshaw and Leimert Park

Source: United States House of Representatives – Congresswoman Sydney Kamlager California (37th District)

LOS ANGELES, CA – Today, Congresswoman Sydney Kamlager-Dove (CA-37) announced that she secured a $1 million grant for SoLa Impact’s affiliated nonprofit, the SoLa Foundation, in support of the completion of SoLa’s second state-of-the-art youth center. The SoLa Foundation is one of fifteen organizations that Congresswoman Kamlager-Dove secured a total of $12.4 million for through Fiscal Year 2024 government funding legislation.

Opening in the first half of 2025, the 10,000 sq ft Art, Tech and Entertainment Center will be located on the ground floor of “Crenshaw Lofts,” SoLa Impact’s 195-unit workforce and affordable housing development in the LAX-Crenshaw Corridor. The center will train and mentor young people to become the next generation of professionals and entrepreneurs in arts, media, entertainment, emerging technologies like Artificial Intelligence, and the live events industry. The facility will feature a collaborative workspace, professional recording studio, and indoor/outdoor event space. It will serve at least 1,000 youth and young adults annually. A video preview of the center is available here.

The funds are part of Congresswoman Kamlager-Dove’s commitments to the continued revitalization of the Crenshaw and Leimert Park communities as well as increasing access to career training and jobs in entertainment.

“Crenshaw—the heart of Black LA—has seen many resurgence efforts since the 1992 Riots, many of them short-lived,” said Congresswoman Kamlager-Dove. “By connecting young Angelenos with workforce training in arts, entertainment, and technology careers, SoLa’s new youth center will make a real, lasting impact on South LA for generations to come. I was proud to secure funding for this center, and I look forward to seeing the vital role it will play in empowering future creators, entrepreneurs, and innovators from the storied community of Crenshaw.”

SoLa Impact CEO, Martin Muoto, added, “With our second SoLa Tech Center powered by Live Nation, and Crenshaw Lofts, we are proud to be part of Crenshaw revitalization. As we develop hundreds of affordable and workforce housing units across Los Angeles, we also want to ensure that the young people in communities like Crenshaw and South LA see a brighter future. Training them for jobs of the future is perhaps the most important way we can build California better.”

“This center will have a transformative impact on the lives of our youth. This is my community and I am on a mission to ensure every young person has a shot at a brighter future. The center is about closing the racial digital divide in South LA. It’s about creating a more equitable playing field. It’s about creating access and pipelines to careers in the arts and technology. Congresswoman Kamlager-Dove shares this urgent mission and we are deeply grateful to her for being a catalyst in making our tech center possible,” said Sherri Francois, Chief Impact Officer of SoLa Impact and Executive Director of the SoLa Foundation.

Congresswoman Kamlager-Dove tours the site of SoLa’s new youth tech and entertainment center in Crenshaw, which is currently under construction.

ABOUT SOLA IMPACT’S FOUNDATION:

The SoLa Foundation, a 501(c)3 nonprofit affiliate of SoLa Impact, aims to improve the lives of South LA residents and break the cycle of intergenerational poverty by providing opportunities for education and economic mobility. SoLa’s Technology and Entrepreneurship Center Powered by Riot Games is a state-of-the-art, first-of-its-kind center at the heart of South Central Los Angeles. SoLa provides the community with skills-based technology programming, as well as scholarships and career development opportunities for underinvested communities to ensure Black and brown Angelenos get increased access to jobs, mentorship, and placement in the most competitive fields of business. Learn more at www.thesolafoundation.org.

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MIL OSI USA News –

January 23, 2025
MIL-OSI Canada: HMCS Ottawa departs for the Indo-Pacific region on Operations HORIZON and NEON
Source: Government of Canada News

News release

Today, the crew of His Majesty’s Canadian Ship (HMCS) Ottawa bid farewell to their families and loved ones at a departure ceremony held at His Majesty’s Canadian Dockyard Esquimalt, British Columbia.

October 16, 2024 – Esquimalt, B.C. – National Defence / Canadian Armed Forces

Today, the crew of His Majesty’s Canadian Ship (HMCS) Ottawa bid farewell to their families and loved ones at a departure ceremony held at His Majesty’s Canadian Dockyard Esquimalt, British Columbia.

HMCS Ottawa will sail across the Pacific Ocean while deployed on Operations HORIZON and NEON. Operation HORIZON is Canada’s forward-presence mission to the Indo-Pacific region to promote peace, stability, and the rules-based international order. Operation NEON is Canada’s contribution to a coordinated multinational effort to support the implementation of United Nations sanctions imposed against North Korea.

During this deployment HMCS Ottawa will maintain Canada’s naval presence in the Indo-Pacific, demonstrating the nation’s contribution to regional peace and stability, and commitment to international security. The crew of HMCS Ottawa will showcase the Royal Canadian Navy’s (RCN) operational capabilities while working alongside international allies and partner navies during military training exercises; highlighting Canada’s commitment to international collaboration and fostering military and diplomatic partnerships.

Quotes

“The departure of His Majesty’s Canadian Ship (HMCS) Ottawa, the second ship from the West Coast to deploy on Operation HORIZON this year, represents the culmination of thousands of hours of collective effort and dedication from the ship’s company and supporting staff ashore. This deployment to the Indo-Pacific region will see the ship and its crew sail with our allies and partners in the region and take on critical tasks and missions. I know that they are up to the challenge. Fair winds and following seas to HMCS Ottawa, I wish you all a safe and successful mission.”

Rear-Admiral Christopher Robinson, Commander Maritime Forces Pacific

“For those serving onboard, today’s departure is months in the making. Ottawa’s crew has worked hard to get our ship ready for Operations HORIZON and NEON where we will represent Canada and the Royal Canadian Navy well throughout our mission across the Indo-Pacific. This deployment would not be possible without the incredible support of our families, who serve with us, and without them we would not have been able to get to this moment.”

Commander Adriano Lozer, Commanding Officer HMCS Ottawa

Quick facts
- As part of the Indo-Pacific Strategy, the RCN is committed to working alongside regional allies and partners to promote a stable, secure, and prosperous Indo-Pacific.
- The series of UN sanctions, adopted between 2006 and 2017, aim to pressure North Korea to abandon its weapons of mass destruction programs and respond to North Korean nuclear weapon tests and ballistic missile launches.
- HMCS Ottawa, a Halifax-class Canadian Patrol Frigate, has a crew of approximately 240 members comprised of RCN sailors and Royal Canadian Air Force aviators.
- One CH-148 Cyclone helicopter detachment is embarked onboard HMCS Ottawa. This helicopter detachment specializes in anti-submarine warfare, maritime surveillance, and search and rescue operations.
Associated links

Contacts

Maritime Forces Pacific Public Affairs
Phone: 250-363-5789 or 250-888-6775
Email: ESQPACIFICNAVYPUBLICAFFAIRS@forces.gc.ca

MIL OSI Canada News –
January 23, 2025

MIL-OSI USA: Read More (Rep. Grijalva Announces Nearly $6 Million for AZ Health Centers to Launch and Expand Behavioral Health Services)

Source: United States House of Representatives – Congressman Raul M Grijalva (D-AZ)

Rep. Grijalva Announces Nearly $6 Million for AZ Health Centers to Launch and Expand Behavioral Health Services

WASHINGTON – Today, Representative Raúl M. Grijalva announced $5,999,156 for 10 health centers in Arizona to launch and expand mental health and substance use disorder services. This is part of a larger announcement from the Health Resources and Services Administration (HRSA), an agency within the U.S. Department of Health and Human Services (HHS), which announced $240 million for more than 400 community health centers across the country that care for more than 10 million people.

“Improving access to mental health care is vital for communities of color and underserved populations like those I represent,” said Rep. Grijalva. “Community health centers have demonstrated their effectiveness in serving these communities. This funding will enhance their ability to provide crucial behavioral health services, benefiting rural, urban, and tribal neighborhoods across Arizona.”

More information on the historic announcement can be found here.

Award Information here:

Awardee name	City	Amount
AJO COMMUNITY HEALTH CENTER	Ajo	$600,000
CHIRICAHUA COMMUNITY HEALTH CENTERS INC	Douglas	$600,000
CREEK VALLEY HEALTH CLINIC	Colorado City	$600,000
EL RIO SANTA CRUZ NEIGHBORHOOD HEALTH CENTER	Tucson	$600,000
MARICOPA COUNTY SPECIAL HEALTH CARE DISTRICT	Phoenix	$600,000
MARIPOSA COMMUNITY HEALTH CENTER, INC.	Nogales	$600,000
NATIVE HEALTH	Phoenix	$599,156
TERROS INC	Phoenix	$600,000
UNITED COMMUNITY HEALTH CENTER-MARIA AUXILIADORA, INC.	Green Valley	$600,000
YAVAPAI COUNTY GOVERNMENT PRESCOTT	Prescott	$600,000

MIL OSI USA News –

January 23, 2025

Sarah Lazarus	Zach Kouwe
Dukas Linden Public Relations	Dukas Linden Public Relations
+1 617-335-7823	+1 551-655-4032
sarah@dlpr.com	zkouwe@dlpr.com

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