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Category: Machine Learning

  • MIL-OSI: Silicon Motion Announces Preliminary Third Quarter 2024 Revenue and Earnings Conference Call Details

    Source: GlobeNewswire (MIL-OSI)

    TAIPEI, Taiwan and MILPITAS, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) — Silicon Motion Technology Corporation (NasdaqGS: SIMO) (“Silicon Motion” or the “Company”), a global leader in NAND flash controllers for solid state storage devices, announces that based on its preliminary third quarter financial results, sequential revenue growth is expected to be above the midpoint of its original guidance range of $205 million to $216 million, which the company issued on August 2, 2024. Gross margin (non-GAAP) is expected to be in the upper half of the company’s original 46.0% to 47.0% guidance range.

    The Company will release its third quarter 2024 financial results after the market closes on October 30, 2024, and will host a conference call on October 31 at 8:00 a.m. Eastern Time. Participants must pre-register using the link below to participate in the live call.  

    CONFERENCE CALL DETAILS:

    Participants must register in advance to join the conference call using the link provided below. Conference access information (including dial-in information and a unique access PIN) will be provided in the email received upon registration.

    Participant Online Registration:
    https://register.vevent.com/register/BI3e5d77077ee94ca9b9fd61325f52a0e9

    This call will be webcasted on the Company’s website at http://www.siliconmotion.com.

    ABOUT SILICON MOTION:

    We are the global leader in supplying NAND flash controllers for solid state storage devices.  We supply more SSD controllers than any other company in the world for servers, PCs and other client devices and are the leading merchant supplier of eMMC and UFS embedded storage controllers used in smartphones, IoT devices and other applications.  We also supply customized high-performance hyperscale data center and specialized industrial and automotive SSD solutions. Our customers include most of the NAND flash vendors, storage device module makers and leading OEMs.  For further information on Silicon Motion, visit us at http://www.siliconmotion.com.

    FORWARD-LOOKING STATEMENTS:

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” or the negative of these terms or other comparable terminology. Although such statements are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on them. These statements involve risks and uncertainties, and actual market trends or our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons. Potential risks and uncertainties include, but are not limited to the unpredictable volume and timing of customer orders, which are not fixed by contract but vary on a purchase order basis; the loss of one or more key customers or the significant reduction, postponement, rescheduling or cancellation of orders from one or more customers; general economic conditions or conditions in the semiconductor or consumer electronics markets; the impact of inflation on our business and customer’s businesses and any effect this has on economic activity in the markets in which we operate; the functionalities and performance of our information technology (“IT”) systems, which are subject to cybersecurity threats and which support our critical operational activities, and any breaches of our IT systems or those of our customers, suppliers, partners and providers of third-party licensed technology; the effects on our business and our customer’s business taking into account the ongoing U.S.-China tariffs and trade disputes; the uncertainties associated with any future global or regional pandemic; the continuing tensions between Taiwan and China including enhanced military activities; decreases in the overall average selling prices of our products; changes in the relative sales mix of our products; changes in our cost of finished goods; supply chain disruptions that have affected us and our industry as well as other industries on a global basis; the payment, or non-payment, of cash dividends in the future at the discretion of our board of directors and any announced planned increases in such dividends; changes in our cost of finished goods; the availability, pricing, and timeliness of delivery of other components and raw materials used in the products we sell given the current raw material supply shortages being experienced in our industry; our customers’ sales outlook, purchasing patterns, and inventory adjustments based on consumer demands and general economic conditions; any potential impairment charges that may be incurred related to businesses previously acquired or divested in the future; our ability to successfully develop, introduce, and sell new or enhanced products in a timely manner; and the timing of new product announcements or introductions by us or by our competitors. For additional discussion of these risks and uncertainties and other factors, please see the documents we file from time to time with the U.S. Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission on April 30, 2024. Other than as required under the securities laws, we do not intend, and do not undertake any obligation to, update or revise any forward-looking statements, which apply only as of the date of this press release.

    Investor Contacts:          
    Tom Sepenzis Selina Hsieh
    Senior Director of IR & Strategy Investor Relations
    tsepenzis@siliconmotion.com ir@siliconmotion.com

    The MIL Network –

    January 23, 2025
  • MIL-OSI: Mattermost Appoints Dr. Bill Anderson as Principal Product Manager to Lead Innovation in Secure Communications and Emerging Technologies

    Source: GlobeNewswire (MIL-OSI)

    Palo Alto, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) — Mattermost, Inc., a leader in delivering the secure, real-time collaboration and workflow tools that modern defense, security and intelligence teams need to maintain command, control, and operational tempo, is excited to announce the appointment of Dr. Bill Anderson as Principal Product Manager. With a distinguished career in public and private security companies, Bill will drive Mattermost’s innovation in cutting-edge technology sectors such as AI, quantum cryptography, and secure communications. His leadership is expected to attract new collaborations, particularly with the U.S. Department of Defense (DoD) and the Intelligence Community (IC), and foster discussions around Small Business Innovation Research (SBIR) and other federal innovation projects.

    Dr. Anderson holds a Doctorate in Electrical Engineering from the University of Waterloo, specializing in cryptography, and brings more than two decades of experience to Mattermost. Bill’s proven ability to innovate and secure information in complex critical infrastructure environments makes him an ideal addition to the Mattermost team as the company continues to push the boundaries of secure collaboration.

    “We are thrilled to have Bill on board as Principal Product Manager,” said Ian Tien, CEO of Mattermost. “His extensive experience in security technologies will play a vital role in advancing our product offerings and forging new alliances within the DoD and IC. Bill is not only an innovator but also a visionary in the field of secure communications, and his insights will help Mattermost drive meaningful progress in security and national defense innovation.”

    Prior to joining Mattermost, Bill served as President of CIS Secure where he introduced a successful secure mobile platform solution for U.S. and international government defense and intelligence use. He is also well known as the founder of Oculis Labs, an innovative data-in-use security company that served both the DoD and the IC, and which he led through a successful acquisition by OptioLabs. As a leader at OptioLabs, Bill first served as Chief Product Officer and later as CEO, where he introduced groundbreaking security solutions for Android devices.

    Dr. Anderson has also held executive roles at SafeNet Inc., Aether Systems, and Certicom, where he managed highly successful cryptography and communications product lines, including pioneering work in elliptic curve cryptography. His leadership extends to his role as Vice Chairman of the Maryland Technology Development Corporation (TEDCO) board of directors, where he supported early-stage technology investments.

    Dr. Anderson holds multiple patents, including innovations in computer display privacy and secure information systems. His patented technologies focus on physically securing information on computer monitors, using advanced facial recognition and privacy control mechanisms to ensure that sensitive data is only visible to authorized users.

    “I’m excited to join Mattermost and contribute to its mission of securing communications for organizations with the highest security demands,” said Dr. Bill Anderson. “This is an exciting time in technology, with the rapid advancement of AI, quantum cryptography, and secure collaboration solutions. I look forward to working with Mattermost to bring new, innovative solutions to market, particularly for the DoD and IC, where the need for secure, cutting-edge technology is paramount.”

    Bill’s experience in working with the U.S. government and commercial sectors positions him to bridge the gap between technology development and national security needs. His role will be instrumental in driving the adoption of Mattermost’s solutions within federal agencies and fostering partnerships around innovation projects.

    About Mattermost

    Mattermost is the leading collaboration and workflow platform for mission-critical work. We serve national security, government, and critical infrastructure enterprises, from the U.S. Department of Defense, to global tech giants, to utilities, banks, and other vital services. We accelerate out-of-band incident response, DevSecOps workflow, mission operations, and self-sovereign collaboration to bolster the focus, adaptability, and resilience of the world’s most important organizations. 

    Our enterprise software and single-tenant SaaS platforms are built to meet the custom needs of rigorous and complex environments while offering a secure and unrivaled collaboration experience across web, desktop, and mobile with channel-based messaging, file sharing, audio calling and screen share, with integrated tooling, workflow automation and AI assistance. 

    Mattermost is developed on an open core platform vetted by the world’s leading security organizations, and co-built with over 4,000 open source project contributors who’ve provided over 30,000 code improvements towards our shared vision of accelerating the world’s mission-critical work. 

    For more information visit mattermost.com. 

    The MIL Network –

    January 23, 2025
  • MIL-OSI: CN and Duos Technologies Sign Five Year Strategic Agreement 

    Source: GlobeNewswire (MIL-OSI)

    JACKSONVILLE, Fla., Oct. 08, 2024 (GLOBE NEWSWIRE) — Duos Technologies Group, Inc. (Nasdaq: DUOT) is pleased to announce a new five-year agreement signed with CN (NYSE: CNI) that will enable Duos to offer Machine Vision/AI Wayside Detection Safety Data through a subscription service. For more than five years, CN has used Machine Vision/AI Wayside Detection technology along its network in Canada and the United States. CN has been using this solution to complement current manual inspections, helping maintain its fleet with more efficiency, leading to a safer and more reliable railway.

    Duos is the inventor of the Railcar Inspection Portal and holder of ten active U.S. Patents of this cutting-edge solution making continual technical advances since 2010 with 13 portals deployed in Canada, Mexico, and the United States supporting four Class 1s and Amtrak.

    Late last year, Duos and Amtrak began a pilot program to test the subscription concept for images. Amtrak’s long-distance passenger trains are scanned, and the machine vision images are sent in real time to Amtrak mechanical inspectors who have used the data with excellent results during the testing period.

    Beginning this month, Duos will offer shippers and car owners that transit the CN network the opportunity to subscribe to this cutting-edge machine vision safety data. This safety information can be used in various ways to include predictive maintenance, trend analytics, and overall fleet health and maintenance.   The intent is to have better maintained railcars that make the network safer and more productive for everyone.

    “Duos Technologies is honored to continue our long-standing support to CN,” said Chuck Ferry, CEO for Duos. “Duos has invested significant time and resources to prove out the Railcar Inspection Portal and we are pleased to be able to offer it to the many car owners and shippers that will benefit from it. Going forward we intend to further improve the solution and add additional cutting-edge capabilities with special emphasis on wheels and brakes.”

    “We are thrilled to strengthen our partnership with Duos Technologies through this new five-year agreement,” said Patrick Whitehead, Executive Vice-President and Chief Network Operating Officer at CN. “By leveraging Duos’ technology, we are enhancing our inspection processes, ensuring better maintenance and health of our overall fleet through key data points and predictive analytics.”

    To stay up to date on Duos most recent developments or to learn more about the Duos story and its revolutionary technology platforms, be sure to follow here or sign up for email alerts here. For more information please contact DUOT@duostech.com or visit Duos website and social media channels: Website, LinkedIn, X.

    About Duos Technologies Group, Inc.

    Duos Technologies Group, Inc. (Nasdaq: DUOT), based in Jacksonville, Florida, through its wholly owned subsidiaries, Duos Technologies, Inc., Duos Edge AI, Inc., and Duos Energy Corporation designs, develops, deploys, and operates intelligent technology solutions for Machine Vision and Artificial Intelligence (“AI”) applications including real-time analysis of fast-moving vehicles, Edge Data Centers and power consulting. For more information, visit http://www.duostech.com and http://www.duosedge.ai.

    Forward- Looking Statements
    This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies and prospects — both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as “believe,” “expect,” “anticipate,” “should,” “planned,” “will,” “may,” “intend,” “estimated,” and “potential,” among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. All forward-looking statements attributable to Duos Technologies Group, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.

    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

    January 23, 2025
  • MIL-OSI: Lucinity and Facctum Partner for AI-Powered, Real-Time Watchlist Screening and Investigations

    Source: GlobeNewswire (MIL-OSI)

    LONDON, Oct. 08, 2024 (GLOBE NEWSWIRE) — Lucinity, a leader in AI-driven financial crime investigation tools, and Facctum, a provider of watchlist screening technology, have announced a strategic partnership. This collaboration offers a seamless, end-to-end financial crime prevention solution by integrating Facctum’s real-time screening capabilities into Lucinity’s platform.

    By combining their strengths, Lucinity and Facctum will handle alerts across watchlist screening use cases including sanctions and PEP screening. Facctum’s flexible solution allows customers to configure their own watchlists or utilize third-party sources such as LSEG (WorldCheck), Dow Jones, Kharon, and many others, providing institutions with the agility needed to adapt to evolving compliance challenges.

    Key Benefits for Customers:

    • Regulatory Compliance: Integrating Facctum will provide customers with real-time updates to sanctions lists within 15 minutes – an industry-leading capability that helps institutions stay compliant with fast-changing regulatory requirements like SEPA Instant Payments.
    • Customizable Screening: Institutions can create custom watchlists or use external sources, reducing false positives and improving screening accuracy.
    • End-to-End Management with AI-Powered Efficiency: The integrated solution embeds watchlist screening into Lucinity’s Case Management platform, providing a comprehensive view of financial crime risks. With Luci, Lucinity’s AI copilot, screening results are analysed in real-time, offering suggestions and insights to speed up the review and decision-making process.
    • Real-time Decisioning and Automatic Payment Holds: Analysts can block or release transactions directly from the Lucinity interface as part of reviewing matches. Additionally, payments suspected of fraud are temporarily held, ensuring verification before processing.
    • Quick Integration and Deployment: Lucinity’s system-agnostic platform integrates seamlessly with various data sources and systems. Customers can quickly implement the joint solution and start seeing results without disrupting their existing workflows.

    Facctum’s advanced matching engines drastically reduce false positives, improving the efficiency of compliance processes. Additionally, the platform helps financial institutions stay ahead of regulatory changes, such as the SEPA Instant Payment Regulation, which requires screening as soon as possible after new EU sanctions are announced.

    Lucinity’s platform also reduces investigation times from three hours to just 30 minutes, delivering productivity gains that can save large banks up to $25 million annually. The combined solution offers immense productivity gains, cost savings, and faster compliance with rigorous regulatory requirements.

    “At Lucinity, we’ve always aimed to provide comprehensive solutions that simplify financial crime management for our customers,” said Udi, President and Chief Revenue Officer at Lucinity. “Our partnership with Facctum enables us to offer real-time screening alerts alongside fraud and AML monitoring and investigations, all within one platform. This allows institutions to remain compliant with rapidly changing regulations while efficiently managing investigations.”

    “Our partnership with Lucinity meets the growing demand for fast, accurate sanctions screening,” said KK Gupta, CEO of Facctum. “By integrating our solutions, we help financial institutions stay compliant and reduce the risk of costly penalties from regulators.”

    Contact

    celina@lucinity.com

    The MIL Network –

    January 23, 2025
  • MIL-OSI Economics: Hera planetary defence mission successfully launched

    Source: Thales Group

    Headline: Hera planetary defence mission successfully launched

    • Hera aims to confirm if it is possible to deflect a hazardous asteroid on a collision course with the Earth, as a repeatable strategy ready for use in case of an actual asteroid threat
    • Thales Alenia Space provided key technologies onboard the Hera spacecraft, which will send essential data from the Didymos binary asteroid, similar to one that could potentially impact our Planet

    Madrid, 8 October, 2024 – Hera, the European Space Agency’s (ESA) first planetary defence mission,  was successfully launched yesterday aboard a SpaceX Falcon 9 rocket, from Cape Canaveral in Florida. The satellite is now heading to a unique target among the 1.3 million known asteroids of our Solar System.

    If an incoming asteroid were to threaten Earth, what could be done to cope with the situation? On September 26th 2022, NASA’s Double Asteroid Redirection Test (DART) mission performed humankind’s first test of asteroid deflection by crashing into the Great-Pyramid-sized Dimorphos moonlet. This resulted in a shift of its orbit around the mountain-sized Didymos main asteroid.

    Hera networking with Cubesats ©ESA 

    Next comes ESA’s own contribution to the international Asteroid Impact & Deflection Assessment (AIDA) collaboration: the Hera mission will travel to Dimorphos so as to gather vital close-up data regarding the deflected body and turn DART’s grand-scale kinetic impact experiment into a well-understood and potentially repeatable planetary defence technique. Hera will provide in particular accurate measurements concerning the asteroid’s mass, as well as crucial information about its make-up and structure, which are essential to interpret the outcome of the impact.

    The Hera mission, will also carry out the most detailed exploration to date of a binary asteroid system – although binaries make up 15% of all known asteroids, they have never been studied in detail. Hera will also perform technology demonstration experiments, including the deployment of ESA’s first deep space ‘CubeSats’ – shoebox-sized spacecraft to venture closer than the main mission then eventually land – and an ambitious test of ‘self-driving’ for the main spacecraft, based on vision-based navigation. The OHB System AG (Germany), as prime contractor of Hera, led the industrial consortium, including responsibility for the overall spacecraft design, development, assembly, and testing.

    Thales Alenia Space’s contribution: a teamwork between Spain, Italy and Belgium

    Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), provided key technologies onboard Hera spacecraft. Thales Alenia Space in Spain was responsible for the communications subsystem, which allows to control and track the spacecraft from a distance up to 500 million kilometre away and to send all the information gathered by Hera back to Earth. Thales Alenia Space in Italy developed the state-of-art Deep Space Transponder, while Thales Alenia Space in Belgium developed the Travelling Wave Tube Amplifiers (TWTA), as well as the Power Conditioning and Distribution Unit (PCDU), which provides power to the spacecraft during all its lifetime.

    Safeguarding our planet

    Asteroids are bodies originated in the young stars nebulae that never grew to planets, formed of rock and metal. Among them, those that have an orbit that brings them close to Earth (within 45 million kilometres), known as near-Earth asteroids, represent a risk of hitting the Earth. There are plenty of such bodies in our Solar system, from tiny little ones measuring a few meters (there are 40-50 millions of them) up to larger ones, measuring more than 1 km but much more scarce (there’s less than 1000 of them).

    Neither the smaller near-Earth asteroids nor the larger ones represent a real threat to humanity. Small asteroids actually hit the Earth quite frequently (every two weeks) with no consequences. The larger ones, although potentially dangerous, are well known and tracked, and it takes millions of years to have one of them hitting the Earth. Actually, a 10km asteroid impact is the most accepted theory of the Cretaceous extinction around 66 million years ago, ending with three-quarters of the plant and animal species, among others the dinosaurs.

    Hera scans DART’s impact crater ©ESA 

    The mid-sized class asteroids of more than 100 meters are the ones we need to worry about. There are about 30,000 near-Earth asteroids of the 100 to 300 meter size class, 82% of them still to be spotted, hitting the Earth every 10,000 years. The impact energy of such an asteroid is equivalent to around 50 megatons of TNT, the power of a “Tsar Bomba”. The effect of such an impact would be devastating if it reached a populated area, capable of destroying an entire city or to create a tsunami if it impacted a sea.

    The Didymos binary asteroid system is prototypical in terms of size of the thousands of asteroids that pose a hazardous risk of impact to our planet. Around the Dydimos main body, 780 meter in diameter, orbits the 150 meter Dimorphos moonlet, which is the first body in the Solar System to have had its orbit measurably changed through human action, by the DART impact, and it is also the smallest asteroid yet visited by humankind.

    The Hera spacecraft will reach the binary asteroid in October 2026, after a two-year cruise phase. The day Hera reaches Didymos, it will be 195 million km away from Earth.

    ABOUT THALES ALENIA SPACE

    Drawing on over 40 years of experience and a unique combination of skills, expertise and cultures, Thales Alenia Space delivers cost-effective solutions for telecommunications, navigation, Earth observation, environmental management, exploration, science and orbital infrastructures. Governments and private industry alike count on Thales Alenia Space to design satellite-based systems that provide anytime, anywhere connections and positioning, monitor our planet, enhance management of its resources and explore our Solar System and beyond. Thales Alenia Space sees space as a new horizon, helping to build a better, more sustainable life on Earth. A joint venture between Thales (67%) and Leonardo (33%), Thales Alenia Space also teams up with Telespazio to form the parent companies’ Space Alliance, which offers a complete range of services. Thales Alenia Space posted consolidated revenues of approximately €2.2 billion in 2023. Thales Alenia Space has around 8,600 employees in 9 countries, with 16 sites in Europe and a plant in the US.

    http://www.thalesaleniaspace.com

    THALES ALENIA SPACE – PRESS CONTACTS

    Oriol Casas Thió
    Tel.: +34 618 509 197
    oriol.casasthio@thalesaleniaspace.com

    Tarik Lahlou
    Tel: +33 (0)6 87 95 89 56
    tarik.lahlou@thalesaleniaspace.com

    Catherine des Arcis
    Tel: +33 (0)6 78 64 63 97
    catherine.des-arcis@thalesaleniaspace.com

    MIL OSI Economics –

    January 23, 2025
  • MIL-OSI: Bread Financial Schedules Third Quarter 2024 Earnings Conference Call for Oct. 24

    Source: GlobeNewswire (MIL-OSI)

    COLUMBUS, Ohio, Oct. 08, 2024 (GLOBE NEWSWIRE) — Bread Financial® Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, flexible payment, lending and saving solutions, will host a conference call on Thursday, Oct. 24, 2024, at 8:30 a.m. ET to discuss the company’s third quarter 2024 results.

    Conference Call/Webcast Information
    Participants can register in advance here, and the conference call will be available at the company’s investor relations website. Analysts planning to participate in the Q&A can register in advance here. Additionally, there will be several slides accompanying the webcast. Please go to the website at least 15 minutes prior to the call to register, as well as download and install any necessary software. The webcast will also be archived on the investor relations website.

    About Bread Financial® 
    Bread Financial® (NYSE: BFH) is a tech-forward financial services company providing simple, personalized payment, lending and saving solutions. The company creates opportunities for its customers and partners through digitally enabled choices that offer ease, empowerment, financial flexibility and exceptional customer experiences. Driven by a digital-first approach, data insights and white-label technology, Bread Financial delivers growth for its partners through a comprehensive suite of payment solutions that includes private label and co-brand credit cards and Bread Pay® buy now, pay later products. Bread Financial also offers direct-to-consumer products that give customers more access, choice and freedom through its branded Bread Cashback® American Express® Credit Card, Bread Rewards™ American Express® Credit Card and Bread Savings® products.    
         
    Headquartered in Columbus, Ohio, Bread Financial is powered by its approximately 7,000 global associates and is committed to sustainable business practices. To learn more about Bread Financial, visit breadfinancial.com or follow us on Facebook, LinkedIn, X and Instagram.

    Contacts
    Brian Vereb — Investor Relations
    Brian.Vereb@breadfinancial.com

    Susan Haugen – Investor Relations
    Susan.Haugen@breadfinancial.com

    Rachel Stultz — Media
    Rachel.Stultz@breadfinancial.com

    The MIL Network –

    January 23, 2025
  • MIL-OSI: Draganfly Announces Board Update

    Source: GlobeNewswire (MIL-OSI)

    Advisory Board Welcomes Former White House Chief of Staff Andy Card and Kim Moody as Audit Chair

    Saskatoon, SK, Oct. 08, 2024 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce 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.”

    Kim Moody has been appointed as the new Audit Chair, replacing Olen Aasen, who is stepping down to pursue new opportunities after servings as a director for over five years. Kim is the Founder of Moodys Private Client LLP, bringing extensive expertise in tax advisory, accounting, and financial governance. “On behalf of the Board and management, I would like to thank Olen for his exceptional service and contributions to Draganfly. We look forward to his continued advice when possible,” added Chell.

    New Committee Appointments

    • Julie Myers Wood, Chief Executive Officer at Guidepost Solutions, has been appointed as the head of the Compensation Committee. With over 25 years of experience in regulatory and enforcement issues, Julie brings a wealth of knowledge from her time as Assistant Secretary of Homeland Security for Immigration and Customs Enforcement (ICE) under President George W. Bush and her work in both public and private sectors.
    • Tim Dunnigan, CEO & President of MMS Products, Inc., and a retired U.S. Army Infantry Officer, will join the Audit Committee. Tim is a seasoned defense technology entrepreneur with a proven track record of developing leadership solutions for warfighters. He also holds multiple patents and has extensive experience supporting the Department of Defense.
    • Thomas B. Modly, former Acting Secretary of the Navy and Under Secretary of the Navy, will serve on the Audit and Nominating Committee. Throughout his career, Tom has focused on improving the agility and accountability of the Department of Defense. His vast experience in leadership, education, and defense operations and audit will be invaluable to Draganfly as it continues to grow in defense-related markets.

    Cameron Chell further commented, “With the addition of such seasoned leaders as Andy Card, Kim Moody, Tim Dunnigan, and Thomas B. Modly, our board brings an important level of defense and government expertise. This positions Draganfly to leverage our advanced drone technology in defense applications and address emerging challenges in national security. Their knowledge will guide us as we continue to innovate and expand our presence in these critical sectors.”

    About Draganfly

    Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize how organizations do business and serve their stakeholders. Recognized as being at the forefront of technology for over 24 years, Draganfly is an award-winning industry leader serving the public safety, agriculture, industrial inspections, security, mapping, and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.

    For more information on Draganfly, please visit us at http://www.draganfly.com. For additional investor information, visit:

    CSE Listing
    NASDAQ Listing
    Frankfurt Listing

    Media Contact
    Email: media@draganfly.com

    Company Contact
    Email: info@draganfly.com

    The MIL Network –

    January 23, 2025
  • MIL-OSI: Stardust Power Secures Exclusivity to Negotiate Licensing Arrangement for Lithium Brine Concentration Technology from KMX Technologies

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., Oct. 08, 2024 (GLOBE NEWSWIRE) — Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”), an American developer of battery-grade lithium products, and KMX Technologies, Inc. (“KMX”) announced that it has entered into a 90-day exclusivity period during which Stardust Power and KMX will negotiate the terms and conditions related to Stardust Power’s exclusive use of lithium brine concentration technology from KMX (the “Licensing Arrangement”). The transaction is subject to the negotiation and execution of definitive documentation and the parties’ mutual board approvals.

    This important technology would allow Stardust Power to potentially lower operating costs and capital expenditures across its supply chain, including at its 50,000 metric tons per annum battery-grade lithium refinery under development in Muskogee, Oklahoma, while also potentially reducing the energy and carbon intensity of the refining process. A definitive agreement could give Stardust Power exclusive use of the technology for lithium in the United States and Canada, as well as certain other jurisdictions around the world.

    Stardust Power remains focused on increasing its sustainability and recycling water following commencement of its operations. KMX’s unique technology, known as vacuum membrane distillation (“VMD”), uses hydrophobic membranes to separate lithium while creating a high quality water as its byproduct. This process is less costly and potentially less energy-intensive than many competing solutions. The distilled quality water can also be used by lithium project developers as part of their direct lithium extraction washing process, in lieu of tapping sparse local freshwater resources and other uses.

    Stardust Power’s Chief Executive Officer and Founder, Roshan Pujari, commented: “Creating battery-grade lithium requires energy and water, and KMX’s technology is highly efficient on both fronts. Their VMD technology produces an extremely high-quality concentrate with significantly improved water recycling. Following the execution of definitive documentation, Stardust Power would intend to deploy this technology across the supply chain at its Oklahoma refinery, when it is put into operation, and at upstream sites. This is another step forward for Stardust Power, leading at the forefront of sustainability within the U.S. lithium supply chain.”

    Zachary Sadow, KMX Chief Executive Officer, said, “We are proud to partner with Stardust Power, pioneers in the critical mineral industry, as they build out the North American lithium supply chain.”

    KMX’s lithium concentration technology has been publicly validated by the Canadian government, showing its ability to concentrate lithium without significant losses, generating substantially enhanced project economics.

    About Stardust Power Inc.

    Stardust Power is a developer of battery-grade lithium products designed to supply the electric vehicle (EV) industry and bolster America’s energy leadership by building resilient supply chains. Stardust Power is developing a strategically central lithium refinery in Muskogee, Oklahoma with the anticipated capacity of producing up to 50,000 metric tons per annum of battery-grade lithium. The company is committed to sustainability at each point in the process. Stardust Power trades on the Nasdaq under the ticker symbol “SDST.” For more information, visit http://www.stardust-power.com

    Stardust Power Contacts

    For Investors:
    Johanna Gonzalez
    investor.relations@stardust-power.com

    For Media:
    Michael Thompson
    media@stardust-power.com

    About KMX Technologies

    KMX Technologies is solving the most critical environmental and energy challenges of the 21st century. Through its proprietary membrane distillation technology, the company sustainably sources critical minerals necessary for next generation supply chains and infrastructure, is advancing wastewater treatment, and is accelerating energy storage with its direct lithium recovery enhancement processes.

    Cautionary Note Regarding Forward-Looking Statements

    Certain statements in this press release constitute “forward-looking statements.” Such forward-looking statements are often identified by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “forecasted,” “projected,” “potential,” “seem,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or otherwise indicate statements that are not of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements and factors that may cause actual results to differ materially from current expectations include, but are not limited to: the negotiation and execution of definitive documentation regarding the Licensing Arrangement, the ability of Stardust Power to realize the anticipated benefits of KMX’s technology, the ability of Stardust Power to grow and manage growth profitably, maintain key relationships and retain its management and key employees; risks related to the uncertainty of the projected financial information with respect to Stardust Power; risks related to the price of Stardust Power’s securities, including volatility resulting from changes in the competitive and highly regulated industries in which Stardust Power plans to operate, variations in performance across competitors, changes in laws and regulations affecting Stardust Power’s business and changes in the combined capital structure; and risks related to the ability to implement business plans, forecasts, and other expectations and identify and realize additional opportunities. The foregoing list of factors is not exhaustive.

    Stockholders and prospective investors should carefully consider the foregoing factors and the other risks and uncertainties described in documents filed by Stardust Power from time to time with the SEC.

    Stockholders and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which only speak as of the date made, are not a guarantee of future performance and are subject to a number of uncertainties, risks, assumptions and other factors, many of which are outside the control of Stardust Power. Stardust Power expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations of Stardust Power with respect thereto or any change in events, conditions or circumstances on which any statement is based.

    The MIL Network –

    January 23, 2025
  • MIL-OSI: Efabless Unveils New Custom Chip Platform Designed for Edge ML Products

    Source: GlobeNewswire (MIL-OSI)

    • Achieve a 10x improvement in performance and power efficiency compared to current solutions
    • Partnership with SensiML delivers a complete end-to-end solution for ML edge applications such as keyword spotting

    PALO ALTO, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) — Efabless Corporation, the creator platform for chips, today announced the launch of chipIgnite ML, a new system-on-chip (SoC) platform. This empowers developers to create custom silicon solutions ten times more efficient than traditional off-the-shelf hardware, redefining possibilities for edge Machine Learning (ML) applications.

    Designed with ML in mind, the SoC platform offers dedicated functionality, which can be accessed using SensiML’s development tools. This integration allows developers to reduce development time and maximize the ML capabilities for edge applications. By leveraging these tools, engineers can efficiently deploy advanced ML models on custom silicon tailored to specific edge use cases, ensuring scalable and effective solutions such as keyword spotting.

    Power and Performance for Edge ML Applications
    The new SoC platform delivers an impressive 10x improvement in power efficiency and performance compared to microcontrollers (MCUs) with general-purpose Neural Processing Units (NPUs). This allows developers to optimize performance while reducing power consumption, which is crucial for battery-operated edge devices.

    “With our chipIgnite ML custom silicon platform, developers can create solutions that are perfectly tailored to their edge applications, offering significantly improved power efficiency and performance compared to existing solutions,” said Mohamed Kassem, CTO at Efabless. “This creates numerous opportunities for specialized ML edge applications that require both optimal performance and reduced power consumption.”

    Partnership with SensiML
    Efabless and SensiML have joined forces to deliver an open source enabled hardware and software solution for ML edge processing in IoT applications. SensiML’s AutoML platform enables embedded developers—regardless of their data science experience—to quickly create ultra-efficient sensor inference algorithms that run autonomously on resource-limited edge devices. Similarly, Efabless equips developers with easy-to-use, open-source tools to design optimized custom SoCs without requiring deep expertise in IC design. Together, Efabless and SensiML are eliminating two of the biggest barriers to IoT innovation by providing a seamless path from development to deployment.

    Key Benefits

    • Unmatched Performance: Leverage chipIgnite ML custom silicon platform to achieve dramatically faster performance compared to traditional MCU-based solutions.
    • Optimized Power Efficiency: Reduce power consumption by 10x, enabling longer battery life.
    • Tailored Solutions: Our combined expertise allows you to customize your silicon design to meet the specific requirements of your edge ML applications. Profiling and optimization of ML inference workloads can be accomplished in pre-hardware simulation to assist in sizing inference models appropriately.
    • Seamless Integration: Benefit from a complete development path, from data to silicon, powered by Efabless and SensiML.
    • Open-Source: Open-source hardware and software development tools provide transparency, customization, and a cost-effective path to ML at the edge products.

    “We’re excited to collaborate with Efabless to offer a comprehensive development pathway for intelligent edge devices,” said Chris Rogers, CEO of SensiML. “By combining our strengths, this joint platform tackles the complex hardware and software challenges developers face, enabling the creation of truly differentiated IoT edge sensing products and applications.”

    Availability
    Efabless has already taped out the chipIgnite ML, marking a major milestone in the platform’s development. A design kit will be available for early evaluation starting in November 2024, providing developers with the tools they need to explore and design using the platform. The first shuttle for prototyping is scheduled for April 2025, with full-scale production expected to follow.

    The introduction of this chipIgnite ML platform marks a significant advancement in the field of edge ML applications, giving innovators the ability to design custom silicon that delivers both performance and power efficiency, all at a fraction of the cost traditionally associated with custom hardware.

    For more information about Efabless’ SoC platform and partnership with SensiML, please visit http://www.efabless.com/chipignite-ml

    About SensiML
    SensiML, a subsidiary of QuickLogic (NASDAQ: QUIK), offers cutting-edge software that enables ultra-low power IoT endpoints that implement AI to transform raw sensor data into meaningful insight at the device itself. The company’s flagship solution, the SensiML Analytics Toolkit, provides an end-to-end development platform spanning data collection, labeling, algorithm and firmware auto-generation, and testing. The SensiML Toolkit supports a growing list of hardware including 8/16/32-bit MCUs from Microchip®, Arm® Cortex®-M class and higher microcontroller cores, Intel® x86 instruction set processors, and heterogeneous core AI/ML optimized SoCs. For more information, visit https://sensiml.com.

    About Efabless
    Efabless offers a platform applying open source and community models to enable a global community of chip experts and non-experts to collaboratively design, share, prototype and commercialize special purpose chips. Over the past three years, 1,400 designs and six hundred tapeouts have been executed on Efabless. The company’s customers include startups, Fortune 500 companies, universities, and research institutions around the world. For more information, please visit http://www.efabless.com.

    Press Contact:
    Andrea Vedanayagam
    andrea@efabless.com
    408.656.4494

    The MIL Network –

    January 23, 2025
  • MIL-OSI: Eviden launches PQC HSMaaS, a EU sovereign, Post-Quantum Cryptography Hardware Security Module as a Service

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Eviden launches PQC HSMaaS, a EU sovereign, Post-Quantum Cryptography
    Hardware Security Module as a Service

    This secure cloud-independent solution, based on ANSSI’s Highest Qualified HSM,
    helps organizations meet the most stringent NIS2 requirements

    Les Assises de la Sécurité, Monaco and Paris, France – October 8, 2024 – Eviden, the Atos Group business leading in digital, cloud, big data and security today announces PQC HSMaaS, its EU sovereign, post-quantum cryptography Hardware Security Module (HSM) as a Service, powered by the Eviden HSM Trustway Proteccio™ brand.

    This secure, cloud-independent solution is the only HSM available on the market today which is based on ANSSI’s (Agence Nationale de la Sécurité des Systèmes d’Information1) Highest Security Qualification (“reinforced qualification”), thereby providing businesses with the highest level of security possible.

    Post-quantum-ready and EU sovereign for NIS2 compliance

    In addition to being based upon one of the most certified HSM on the market, Eviden’s PQC HSMaaS supports Post-Quantum Cryptography (PQC) algorithms, providing encryption that is future-proof against the advances of quantum computing.

    As a fully EU sovereign solution, Eviden’s PQC HSMaaS is hosted in resilient, sovereign data centers in France and managed by French teams, ensuring full control over sensitive data. This minimizes dependence on public cloud providers, reinforcing both data sovereignty and regulatory compliance. Furthermore, Eviden’s PQC HSMaaS helps businesses meet the stringent requirements of the NIS22Directive, securing sensitive data with robust encryption practices that guarantee confidentiality, integrity, and availability.

    Antoine Schweitzer-Chaput, Head of Trustway Business Unit, Eviden, Atos Group said: “This solution not only empowers companies to protect against emerging threats such as quantum computing through Post-Quantum Cryptography support, but it also established us as a strategic partner in helping organizations meet the stringent requirements of the NIS2 Directive. We take pride in offering an HSMaaS that blends the highest levels of security with the flexibility and control businesses need in today’s evolving landscape.”

    Eviden customers can now benefit from the PQC HSMaaS solution, via a monthly subscription. For more information, please visit : https://eviden.com/solutions/digital-security/data-encryption/trustway-proteccio-nethsm/

    ***

    About Eviden

    Eviden is a next-gen technology leader in data-driven, trusted and sustainable digital transformation with a strong portfolio of patented technologies. With worldwide leading positions in advanced computing, security, AI, cloud and digital platforms, it provides deep expertise for all industries in more than 47 countries. Bringing together 47,000 world-class talents, Eviden expands the possibilities of data and technology across the digital continuum, now and for generations to come. Eviden is an Atos Group company with an annual revenue of c. € 5 billion.

    About Atos

    Atos is a global leader in digital transformation with c. 92,000 employees and annual revenue of c. € 10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Press contact

    Zohra Dali – zohra.dali.external@eviden.com – +33 (0) 6 71 92 71 87


    1 National Cybersecurity Agency of France responsible for ensuring the security of information systems across France, particularly within government institutions and critical infrastructure.
    2 The NIS2 Directive (Directive on security of network and information systems) is a European Union regulation aimed at enhancing cybersecurity across the EU. It updates and expands upon the original NIS Directive (2016) to address the evolving landscape of cyber threats and improve the overall level of cybersecurity within member states.

    3 Eviden business is operated through the following brands: AppCentrica, ATHEA, Cloudamize, Cloudreach, Cryptovision, DataSentics, Edifixio, Energy4U, Engage ESM, Evidian, Forensik, IDEAL GRP, In Fidem, Ipsotek, Maven Wave, Profit4SF, SEC Consult, Visual BI, Worldgrid, X-Perion.

    Eviden is a registered trademark. © Eviden SAS, 2024.

    Attachment

    • Eviden launches PQC HSMaaS, a EU sovereign, Post-Quantum Cryptography Hardware Security Module as a Service

    The MIL Network –

    January 23, 2025
  • MIL-OSI Russia: SPbGASU took part in the International Construction Week

    MILES AXLE Translation. Region: Russian Federation –

    Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering – From left to right: Andrey Nikulin, Sergey Mikhailov, Svetlana Golovina, Inna Sukhanova, Dmitry Ulrikh and Denis Nizhegorodtsev

    From October 1 to 4, the International Construction Week was held in Yekaterinburg. It was attended by a delegation from SPbGASU, consisting of First Vice-Rector Svetlana Golovina, Vice-Rector for Educational Activities Sergey Mikhailov, Director of the Educational Center for Digital Competencies Inna Sukhanova, Deputy Director of the Educational Center for Digital Competencies Denis Nizhegorodtsev, Dean of the Faculty of Civil Engineering Andrey Nikulin, Dean of the Faculty of Environmental Engineering and Urban Management Dmitry Ulrikh, Head of the Department of Construction Organization Roman Motylev and fourth-year bachelor’s student of the Faculty of Civil Engineering Angelina Koroleva.

    Representatives of our university took part in the IV International Construction Championship, as well as the XI International Construction Forum and Exhibition 100 TechnoBuild, within the framework of which a meeting of the board of the Association of Construction Universities and the presidium of the Federal Educational and Methodological Association was held.

    Andrey Nikulin shared his impressions. According to him, the key event of the forum and exhibition was the plenary session “Construction of the Future”, at which representatives of developers and authorities discussed the transformation of residential spaces, the development of small towns, and trends in industrial and infrastructure construction.

    – The speakers disagreed on the prospects of the “15-minute city” concept and even noted that this innovative format, actively promoted by Western countries, resembles the Khrushchev period of Soviet development, where all everyday human needs were provided within walking distance within the microdistrict. This is economically beneficial for government bodies and developers, but, of course, it harms the moral and ethical development of a person, artificially confined to the sphere of consumption. At the same time, the speakers noted the need to develop transport infrastructure, which would allow people to leave the microdistricts and reach key cultural and historical centers in 15 minutes. However, this requires significant infrastructure costs, which is beyond the capabilities of regional budgets. As the speakers noted, the city of the future will be managed by artificial intelligence, and for its residents it will become commonplace to accept the delivery of goods, carried out by drones, at floor-by-floor reception points (new residential complexes are designed for this possibility).

    Andrey Nikolaevich noted a wide range of modern software products of domestic production that use TIM models of buildings and structures to control construction production, optimize costs for the purchase of building materials and equipment. Particularly memorable were BIM scanners and solutions based on artificial intelligence, which allow improving the quality of design solutions and minimizing the “human factor” in construction.

    According to Andrey Nikulin, the main result of participation in events of this level is the professional calibration of knowledge, ideas and vision of the future. In addition, this is, of course, the expansion of business contacts, “building professional bridges” with representatives of the real sector of the economy, which is very important for the development of scientific and educational areas of activity.

    Representatives of the companies Ascon, BRIO, PlanRadar, Jetstyle, Gectaro, TehnoPar and others received invitations to international conferences that will be held at SPbGASU in the near future.

    Inna Sukhanova and Denis Nizhegorodtsev joined the expert committee of the School League of the International Construction Championship. Roman Motylev acted as an expert of the Professional League. Angelina Koroleva, who participated in the Student League competition in the nomination “Labor Protection”, was awarded third place.

    Denis Nizhegorodtsev spoke about his work:

    – We were able to listen to and evaluate the works of the participants in the nomination “TIM-specialist”, in which schoolchildren of grades 8–11 from different regions of Russia competed. Their task was to model architectural solutions in the classrooms of a new school in Yekaterinburg. I would like to note the high level of the participants’ works. I am very glad that modern educational projects on construction topics are already available to schoolchildren and allow them to get acquainted with the profession in advance.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://www.spbgasu.ru/nevs-and-events/nevs/spbgasu-took-participation-in-international-construction-week/

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

    MIL OSI Russia News –

    January 23, 2025
  • MIL-OSI Global: Trump and Harris are sharply divided on science, but share common ground on US technology policy

    Source: The Conversation – USA – By Kenneth Evans, Scholar in Science and Technology Policy, Baker Institute for Public Policy, Rice University

    Science topics don’t always come up during presidential debates – but they did on Sept. 10, 2024. Mario Tama via Getty Images

    For the first time in American history, quantum computing was mentioned by a candidate during a presidential debate, on Sept. 10, 2024. After Vice President Kamala Harris brought up quantum technology, she and former President Donald Trump went on to have a heated back-and-forth about American chipmaking and China’s rise in semiconductor manufacturing. Science and technology policy usually takes a back seat to issues such as immigration, the economy and health care during election season.

    What’s changed for 2024?

    From COVID-19 to climate change, ChatGPT to, yes, quantum computers, science-related issues are on the minds of American policymakers and voters alike. The federal government spends nearly US$200 billion each year on scientific research and development to address these challenges and many others. Presidents and Congress, however, rarely agree on how – and how much – money should be spent on science.

    With the increasing public focus on global competitiveness, the climate crisis and artificial intelligence, a closer look at Trump’s and Harris’ records on science and technology policy could provide a hint about how they’d approach these topics if elected this fall.

    Two distinct visions for science funding

    If politics can be described as “who gets what and when,” U.S. science and technology policy can be assessed through the annual budget process for R&D. By this measure, the differences between the Trump and Biden-Harris administrations couldn’t be starker.

    In his first budget request to Congress, in 2017, Trump spurned decades of precedent, proposing historic cuts across nearly every federal science agency. In particular, Trump targeted climate-related programs at the Department of Energy, the National Oceanic and Atmospheric Administration and the Environmental Protection Agency.

    Trump’s fiscal policy took a page from Reagan-era conservative orthodoxy, prioritizing military spending over social programs, including R&D. Unlike Reagan, however, Trump also took aim at basic research funding, an area with long-standing bipartisan support in Congress. His three subsequent budget proposals were no different: across-the-board reductions to federal research programs, while pushing for increases to defense technology development and demonstration projects.

    Congress rebuked nearly all of Trump’s requests. Instead, it passed some of the largest increases to federal R&D programs in U.S. history, even before accounting for emergency spending packages funded as part of the government’s pandemic response.

    In contrast, the Biden-Harris administration made science and innovation a centerpiece of its early policy agenda – with budgets to match. Leveraging the slim Democratic majority during the 117th Congress, Biden and Harris shepherded three landmark bills into law: the Infrastructure Investment and Jobs Act, the Inflation Reduction Act and the CHIPS and Science Act. These laws contain significant R&D provisions focused on environmental projects (IIJA), clean energy (IRA) and American semiconductor manufacturing (CHIPS).

    CHIPS set up programs within the National Science Foundation and the Department of Commerce to create regional technology hubs in support of American manufacturing. The act also set ambitious funding targets for federal science agencies, especially at NSF, calling for its budget to be doubled from $9 billion to over $18 billion over the course of five years.

    Despite its initial push for R&D, the Biden-Harris administration’s final two budget proposals offered far less to science. Years of deficit spending and a new Republican majority in the House cast a cloud of budget austerity over Congress. Instead of moving toward doubling NSF’s budget, the agency suffered an 8% decrease in fiscal year 2024 – its biggest cut in over three decades. For FY2025, which runs from Oct. 1, 2024, through Sept. 30, 2025, Biden and Harris requested a meager 3% increase for NSF, billions of dollars short of CHIPS-enacted spending levels.

    An emerging consensus on China

    On technology policy, Biden and Harris share more with Trump than they let on.

    Their approach to competing with China on tech follows Trump’s lead: They’ve expanded tariffs on Chinese goods and severely limited China’s access to American-made computer chips and semiconductor manufacturing equipment.

    Biden and Harris have also ramped up research security efforts intended to protect U.S. ideas and innovation from China. Trump launched the China Initiative as an attempt to stop the Chinese government from stealing American research. The Biden-Harris administration ended the program in 2022, but pieces of it remain in place. Scientific collaborations between the United States and China continue to decline, to the detriment of American scientific leadership.

    Semiconductor manufacturing is a key to many technologies; by extension, where it happens can be a security issue.
    Costfoto/NurPhoto via Getty Images

    The Biden-Harris administration has also drawn from Trump-era policy to strengthen America’s leadership in “industries of the future.” The term, coined by Trump’s then-chief science adviser Kelvin Droegemeier, refers to five emerging technology areas: AI, quantum science, advanced manufacturing, advanced communications and biotechnology. This language has been parroted by the Biden-Harris administration as part of its focus on American manufacturing and throughout Harris’ campaign, including during the debate.

    In short, both candidates align with the emerging Washington bipartisan consensus on China: innovation policy at home, strategic decoupling abroad.

    Science advice not always a welcome resource

    Trump’s dismissal of and at times outright contempt for scientific consensus is well documented. From “Sharpiegate,” when he mapped his own projected path for Hurricane Dorian, to pulling out of the Paris climate agreement, World Health Organization and the Iran nuclear deal, Trump has demonstrated an unwillingness to accept any advice, let alone from scientists.

    Indeed, Trump took over two years to hire Droegemeier as director of the White House Office of Science and Technology Policy, or OSTP, doubling the previous record for the length of time a president has gone without a scientific adviser. This absence was no doubt reflected in Trump’s short-on-science budget requests to Congress, especially during the beginning of his administration.

    On the other hand, the Biden-Harris administration has promoted science and innovation as a core part of its broader economic policy agenda. It elevated the role of OSTP: Biden is the first president to name his science adviser – a position currently held by Arati Prabhakar – as a member of his Cabinet.

    By law, the president is required to appoint an OSTP director. But it is up to the president to decide how and when to use their advice. If the new White House wants the U.S. to remain a global leader in R&D, the science adviser will need to continue to fight for it.

    Kenneth Evans receives funding from the National Science Foundation, the American Institute of Physics, and the Clinton Foundation. He is affiliated with Rice University and Rice University’s Baker Institute for Public Policy.

    – ref. Trump and Harris are sharply divided on science, but share common ground on US technology policy – https://theconversation.com/trump-and-harris-are-sharply-divided-on-science-but-share-common-ground-on-us-technology-policy-239053

    MIL OSI – Global Reports –

    January 23, 2025
  • MIL-OSI Global: How foreign operations are manipulating social media to influence your views

    Source: The Conversation – USA – By Filippo Menczer, Professor of Informatics and Computer Science, Indiana University

    Russians, Chinese, Iranians – even Israelis – are trying to affect what you believe. Sean Gladwell/Moment via Getty Images

    Foreign influence campaigns, or information operations, have been widespread in the run-up to the 2024 U.S. presidential election. Influence campaigns are large-scale efforts to shift public opinion, push false narratives or change behaviors among a target population. Russia, China, Iran, Israel and other nations have run these campaigns by exploiting social bots, influencers, media companies and generative AI.

    At the Indiana University Observatory on Social Media, my colleagues and I study influence campaigns and design technical solutions – algorithms – to detect and counter them. State-of-the-art methods developed in our center use several indicators of this type of online activity, which researchers call inauthentic coordinated behavior. We identify clusters of social media accounts that post in a synchronized fashion, amplify the same groups of users, share identical sets of links, images or hashtags, or perform suspiciously similar sequences of actions.

    We have uncovered many examples of coordinated inauthentic behavior. For example, we found accounts that flood the network with tens or hundreds of thousands of posts in a single day. The same campaign can post a message with one account and then have other accounts that its organizers also control “like” and “unlike” it hundreds of times in a short time span. Once the campaign achieves its objective, all these messages can be deleted to evade detection. Using these tricks, foreign governments and their agents can manipulate social media algorithms that determine what is trending and what is engaging to decide what users see in their feeds.

    Adversaries such as Russia, China and Iran aren’t the only foreign governments manipulating social media to influence U.S. politics.

    Generative AI

    One technique increasingly being used is creating and managing armies of fake accounts with generative artificial intelligence. We analyzed 1,420 fake Twitter – now X – accounts that used AI-generated faces for their profile pictures. These accounts were used to spread scams, disseminate spam and amplify coordinated messages, among other activities.

    We estimate that at least 10,000 accounts like these were active daily on the platform, and that was before X CEO Elon Musk dramatically cut the platform’s trust and safety teams. We also identified a network of 1,140 bots that used ChatGPT to generate humanlike content to promote fake news websites and cryptocurrency scams.

    In addition to posting machine-generated content, harmful comments and stolen images, these bots engaged with each other and with humans through replies and retweets. Current state-of-the-art large language model content detectors are unable to distinguish between AI-enabled social bots and human accounts in the wild.

    Model misbehavior

    The consequences of such operations are difficult to evaluate due to the challenges posed by collecting data and carrying out ethical experiments that would influence online communities. Therefore it is unclear, for example, whether online influence campaigns can sway election outcomes. Yet, it is vital to understand society’s vulnerability to different manipulation tactics.

    In a recent paper, we introduced a social media model called SimSoM that simulates how information spreads through the social network. The model has the key ingredients of platforms such as Instagram, X, Threads, Bluesky and Mastodon: an empirical follower network, a feed algorithm, sharing and resharing mechanisms, and metrics for content quality, appeal and engagement.

    SimSoM allows researchers to explore scenarios in which the network is manipulated by malicious agents who control inauthentic accounts. These bad actors aim to spread low-quality information, such as disinformation, conspiracy theories, malware or other harmful messages. We can estimate the effects of adversarial manipulation tactics by measuring the quality of information that targeted users are exposed to in the network.

    We simulated scenarios to evaluate the effect of three manipulation tactics. First, infiltration: having fake accounts create believable interactions with human users in a target community, getting those users to follow them. Second, deception: having the fake accounts post engaging content, likely to be reshared by the target users. Bots can do this by, for example, leveraging emotional responses and political alignment. Third, flooding: posting high volumes of content.

    Our model shows that infiltration is the most effective tactic, reducing the average quality of content in the system by more than 50%. Such harm can be further compounded by flooding the network with low-quality yet appealing content, thus reducing quality by 70%.

    Curbing coordinated manipulation

    We have observed all these tactics in the wild. Of particular concern is that generative AI models can make it much easier and cheaper for malicious agents to create and manage believable accounts. Further, they can use generative AI to interact nonstop with humans and create and post harmful but engaging content on a wide scale. All these capabilities are being used to infiltrate social media users’ networks and flood their feeds with deceptive posts.

    These insights suggest that social media platforms should engage in more – not less – content moderation to identify and hinder manipulation campaigns and thereby increase their users’ resilience to the campaigns.

    The platforms can do this by making it more difficult for malicious agents to create fake accounts and to post automatically. They can also challenge accounts that post at very high rates to prove that they are human. They can add friction in combination with educational efforts, such as nudging users to reshare accurate information. And they can educate users about their vulnerability to deceptive AI-generated content.

    Open-source AI models and data make it possible for malicious agents to build their own generative AI tools. Regulation should therefore target AI content dissemination via social media platforms rather then AI content generation. For instance, before a large number of people can be exposed to some content, a platform could require its creator to prove its accuracy or provenance.

    These types of content moderation would protect, rather than censor, free speech in the modern public squares. The right of free speech is not a right of exposure, and since people’s attention is limited, influence operations can be, in effect, a form of censorship by making authentic voices and opinions less visible.

    Filippo Menczer receives funding from the Knight Foundation, Sloan Foundation, NSF, DoD, and the Swiss National Science Foundation.

    – ref. How foreign operations are manipulating social media to influence your views – https://theconversation.com/how-foreign-operations-are-manipulating-social-media-to-influence-your-views-240089

    MIL OSI – Global Reports –

    January 23, 2025
  • MIL-OSI China: MOFA sincerely congratulates Japanese Representative Ishiba on his election as LDP president

    Source: Republic of Taiwan – Ministry of Foreign Affairs

    MOFA sincerely congratulates Japanese Representative Ishiba on his election as LDP president

    • Date:2024-09-27
    • Data Source:TAIWAN-JAPAN RELATIONS ASSOCIATION

    September 27, 2024

    No. 319

    The ruling Liberal Democratic Party (LDP) of Japan elected Shigeru Ishiba, a member of the House of Representatives, as its new president after two rounds of voting on September 27. The Ministry of Foreign Affairs (MOFA) extends its sincere congratulations and has instructed the Taipei Economic and Cultural Representative Office in Japan to promptly send a message of felicitations on behalf of the government of Taiwan. 

     

    Taiwan and the LDP have enjoyed close interactions over the years, sharing a robust partnership and like-minded friendship. LDP parliamentary delegations have often visited Taiwan, proactively fostering Taiwan-Japan cooperation and exchanges across various domains and enhancing bilateral relations with concrete actions through values-based and alliance diplomacy. 

     

    Representative Ishiba recently led a delegation to Taiwan to exchange views on security issues with various sectors in Taiwan. During the visit, he announced his decision to run in the LDP election. In recent years, the Japanese government, led by the LDP, has reiterated the importance of peace and stability across the Taiwan Strait at major international events and endorsed Taiwan’s participation in the World Health Organization and other international organizations. Taiwan expresses deep appreciation for this support.

     

    MOFA sincerely hopes that the LDP, under the leadership of President Ishiba, will continue to strengthen cooperation with Taiwan, as well as promoting a comprehensive and substantive bilateral partnership to jointly uphold peace, stability, and prosperity in the Indo-Pacific. (E)

    MIL OSI China News –

    January 23, 2025
  • MIL-OSI Asia-Pac: FinTech Week to kick off on Oct 28

    Source: Hong Kong Information Services

    The ninth edition of Hong Kong FinTech Week (HKFW), themed “Illuminating New Pathways in Fintech” will take place from October 28 to November 1, Invest Hong Kong (InvestHK) announced today.

    HKFW 2024 will place a significant emphasis on cutting-edge technologies such as Artificial Intelligence (AI), it added.

    The event is expected to draw over 30,000 attendees from more than 100 economies.

    The main conference, involving hundreds of distinguished speakers, will take place between October 28 and 29 at Hong Kong AsiaWorld-Expo.

    It will feature eight themed forums, namely a Global Forum, an AI & Advanced Tech Forum, a Blockchain & Digital Assets Forum, a Payments & Other FinTech Forum, an InsurTech Forum, a Green FinTech & Impact Forum, a WealthTech & InvestTech Forum, and the Hong Kong Connect Forum. 

    Meanwhile, a series of community engagement events will take place from October 28 to November 1 in Hong Kong and Shenzhen. These will include a tour of the Greater Bay Area, satellite and networking events, lifestyle activities and workshops, and the inaugural Web3x3 basketball game.

    InvestHK said HKFW enjoys the confidence of both Mainland and international companies and markets.

    It highlighted that this year’s event will feature a record number of big tech companies from the Mainland showcasing their latest innovations, as well as notable speakers and delegates from the Association of Southeast Asian Nations and the Middle East, reflecting Hong Kong’s multifaceted business connections and outlook.

    Secretary for Financial Services & the Treasury Christopher Hui said Hong Kong has emerged as a super connector and super value-adder for fintech thanks to its strategic location and robust financial infrastructure.

    “Our city is ranked third in the latest Global Financial Centres Index and first in the Asia Pacific Region,” he added. “In terms of fintech, Hong Kong rose five places to ninth, putting it among the top 10 fintech hubs globally.

    “This reflects the concerted efforts of the Government, financial regulators, and industry players to promote fintech development in Hong Kong.”

    Mr Hui also stressed that, owing to various initiatives aimed at attracting and retaining strategic companies and talent, the city is primed to reap the benefits of Hong Kong FinTech Week. He said the event this year will pave the way for connected, efficient, and sustainable global economic growth from fintech operations.

    HKFW 2024 is organised by the Financial Services & the Treasury Bureau and InvestHK, in collaboration with the Hong Kong Monetary Authority, the Securities and Futures Commission, and the Insurance Authority.

    MIL OSI Asia Pacific News –

    January 23, 2025
  • MIL-OSI: Craft Named “Top 50 Providers to Watch” by Spend Matters

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Oct. 08, 2024 (GLOBE NEWSWIRE) — Craft, the supply chain resilience company, today announced it was named a “Top 50 Providers to Watch” by Spend Matters. This achievement further solidifies Craft’s standing as an industry trailblazer, dedicated to developing innovative solutions that enable organizations to know their suppliers, protect against disruptions, and build resilient supply chains.

    Each year the Spend Matters’ ‘50 Providers to Watch’ list recognizes the fast-rising companies in the procurement and supply chain market. These companies are the up-and-coming solution providers who continue to grow and develop innovative products propelling the market forward.

    “We are thrilled to be acknowledged by Spend Matters as a fast rising company to watch in this highly important market,” said Ilya Levtov, CEO and founder, Craft. “Being named a top provider to watch reflects the recognition by our customers and dedication of our team as we illuminate the path to supply chain resilience by providing real-time visibility, predictive insights and coordinated execution across supply chains.”

    “With the emergence of new procurement software and services offerings, decisions on who make the lists are only getting tougher,” said Nikhil Gaur, Director, Strategic Projects & Research Analyst, Spend Matters.

    Abigail Ommen, Research Analyst & Production Manager, Spend Matters, added, “Craft provides a supplier intelligence layer that stands out for its user-friendly UX.” She also noted the depth and breadth of data in Craft’s platform which harnesses over 2,100 streams of data and provides 500+ data points per supplier profile.

    With Craft, the U.S. Department of Defense and 60+ other federal government organizations, Hapag-Lloyd, major financial services institutions, and other Fortune 500 companies confidently navigate third-party risks, regulatory environments, uphold ethics, and drive business continuity and growth. 

    For more information about Craft, visit http://www.craft.co or contact press@craft.co.

    For more information on Spend Matters Top 50 Procurement Providers to Watch, visit https://spendmatters.com/procurement-tech-recognition/

    #SpendMatters50toWatch

    About Craft
    Craft illuminates the path to global supply chain resilience. It empowers businesses to strengthen their supplier networks and supply chains with the industry’s most reliable and comprehensive data fabric and AI-driven risk mitigation engine. Craft’s user-friendly platform offers 360-degree visibility to explore and evaluate supplier networks, AI-generated insights to detect and mitigate disruptions, and collaborative tools to enhance supply chain strategies. Procurement and supply chain professionals can confidently navigate regulatory environments, adhere to ethical standards, and ensure business continuity. Headquartered in San Francisco, CA, Craft assists commercial and governmental organizations worldwide in creating more resilient supply chains. 
    For more information about Craft, visit http://www.craft.co.

    About Spend Matters
    Spend Matters is the leading solution intelligence source for procurement and supply chain professionals. Combining deep technology analysis and tailored advisory services with daily news coverage and subscription research, Spend Matters is trusted by CPOs, consultants, investors and solution providers alike as their procurement technology intelligence partner.

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/c9c1eba1-9297-4655-ad92-64ab4daa11ca

    The MIL Network –

    January 23, 2025
  • MIL-OSI: Urgently Secures Three-Year, Roadside Assistance Contract Renewal with Global Automotive Fleet Management Customer Partner

    Source: GlobeNewswire (MIL-OSI)

    VIENNA, Va., Oct. 08, 2024 (GLOBE NEWSWIRE) — Urgent.ly, Inc. (Nasdaq: ULY) (“Urgently”), a U.S.-based leading provider of digital roadside and mobility assistance technology and services, today announced its three-year contract renewal with a customer partner that operates a global automotive fleet management company. The renewal extends this long-term customer partner relationship to nine years, with Urgently powering the fleet management company’s roadside assistance program.

    With the addition of this customer partner renewal, Urgently has successfully retained all roadside assistance contracts up for renewal since the beginning of the second quarter of 2024, an indication of Urgently’s commitment to delivering customer value through exceptional service, cutting edge technology and a prioritization of safety.

    “We are privileged to have the opportunity to continue this successful partnership, which we believe reflects the strength of our technology and the outstanding level of service we deliver,” said Matt Booth, Chief Executive Officer, Urgently. “We look forward to continuing to provide roadside assistance solutions that meet our customer partner’s evolving needs and support our focus on accelerating profitable growth.”

    Under the renewed contract, the automotive fleet management company will leverage Urgently’s comprehensive technology stack and capabilities, including:

    • Service capabilities, encompassing vehicle classes 1 through 6, from light duty passenger cars, vans and small pickup trucks, through medium duty commercial vehicles
    • AI-driven yield-based pricing technology with predictive and location-aware capabilities that deliver network pricing and actionable insights to help minimize vehicle downtime

    Urgently believes this renewal solidifies its position as a preferred roadside and mobility assistance partner, leveraging Urgently’s connected assistance platform to drive efficiency and an exceptional customer experience aligned with the automotive fleet management company’s brand.

    For more information about Urgently’s roadside and mobility assistance solutions visit https://www.geturgently.com/industry-solutions.

    About Urgently

    Urgently is focused on helping everyone move safely, without disruption, by safeguarding drivers, promptly assisting their journey, and employing technology to proactively avert possible issues. The company’s digitally native software platform combines location-based services, real-time data, AI and machine-to-machine communication to power roadside assistance solutions for leading brands across automotive, insurance, telematics and other transportation-focused verticals. Urgently fulfills the demand for connected roadside assistance services, enabling its partners to deliver exceptional user experiences that drive high customer satisfaction and loyalty, by delivering innovative, transparent and exceptional connected mobility assistance experiences on a global scale. For more information, visit http://www.geturgently.com.

    Forward Looking Statements

    This press release contains or may contain “forward-looking statements” within the meaning of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or Urgently’s future financial or operating performance. Such statements are based upon current plans, estimates and expectations of management of Urgently in light of historical results and trends, current conditions and potential future developments, and are subject to various risks and uncertainties that could cause actual results to differ materially from such statements. The inclusion of forward-looking statements should not be regarded as a representation that such plans, estimates and expectations will be achieved. Forward-looking terms such as “may,” “will,” “could,” “should,” “would,” “plan,” “potential,” “intend,” “anticipate,” “project,” “predict,” “target,” “believe,” “continue,” “estimate” or “expect” or the negative of these words or other words, terms and phrases of similar nature are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. All statements, other than historical facts, including, without limitation, statements regarding Urgently’s customer partner contract renewal, are based on the current assumptions of Urgently’s management and are neither promises nor guarantees, but involve a significant number of factors that may cause our actual performance or achievements to be materially different from any future performance or achievements stated or implied by the forward-looking statements. For factors that could cause actual results to differ materially from the forward-looking statements in this press release, please see the risks and uncertainties detailed in our filings with the Securities and Exchange Commission (“SEC”), including in our annual report on Form 10-K for the year ended December 31, 2023, which was filed with the SEC on March 29, 202, our quarterly reports on Form 10-Q, including our quarterly report on Form 10-Q for the quarter ended June 30, 2024, which was filed with the SEC on August 13, 2024, and other filings and reports that we may file from time to time with the SEC. All forward-looking statements reflect Urgently’s beliefs and assumptions only as of the date of this press release. Urgently undertakes no obligation to update forward-looking statements to reflect future events or circumstances.

    Contacts:
    For Press: media@geturgently.com
    For Investors: investorrelations@geturgently.com

    The MIL Network –

    January 23, 2025
  • MIL-OSI: SADA launches Managed SecOps powered by Google Security Operations

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, Oct. 08, 2024 (GLOBE NEWSWIRE) — SADA (an Insight company), a leading business and technology consultancy and award-winning Google Cloud Premier Partner across various products and engagement models, announces the launch of its Managed Security Operations (SecOps) services, available Oct. 8, 2024.

    This comprehensive offering provides organizations with a fully managed, 24/7 security solution leveraging the power of Google Security Operations (formerly Chronicle). SADA’s Managed SecOps empowers businesses to achieve:

    • Enhanced Threat Detection and Rapid Response: Identify and neutralize threats with Google Cloud’s industry-leading, intelligence-driven, and AI-powered security analytics and automation capabilities.
    • Cost-Effective Security Operations: Reduce the burden on internal resources and eliminate the need for expensive in-house Security Operation Center (SOC) infrastructure.
    • Improved Security Detection: Gain deeper visibility and continuous monitoring across your entire IT environment, from cloud and SaaS to on-premises.

    Addressing the Security Operations Challenge

    Today’s organizations grapple with a constant barrage of security data and alerts, often lacking the skills and expertise to manage them effectively. Traditional security information and event management (SIEM) and security orchestration, automation, and response (SOAR) solutions continue to increase in complexity, along with the threats they are trying to defend against. As a result, SOC management is resource-intensive, leaving security teams overwhelmed and unable to maintain 24/7 monitoring.

    Building and maintaining an in-house SOC is costly and requires advanced security solutions and analyst resources. There is a growing opportunity for security engineering teams to leverage AI to optimize their operations and tackle the challenges of increasing workloads; however, understanding how to best utilize these tools requires significant investment and technical knowledge.

    “The ever-expanding threat landscape requires organizations to adopt advanced security solutions with continuous monitoring and rapid response capabilities,” said Rocky Giglio, Global Director of Security GTM at SADA. “Our Managed SecOps service leverages the power of Google Cloud and its proven ability to handle massive amounts of data and its Security Operations platform, combined with SADA’s global team of experienced security analysts to deliver comprehensive protection and peace of mind to our customers.”

    SADA’s Managed SecOps addresses these challenges directly by providing:

    • Top Experts in Google Security Operations:
      SADA’s Google Cloud-certified experts leverage the advanced threat detection and automation capabilities of Google Security Operations to deliver comprehensive security monitoring.
    • Continuous Threat Monitoring and Response:
      SADA’s security operations center, staffed by highly trained analysts, provides 24/7 monitoring and rapid response to security incidents, including both external and insider threats.
    • Reduced Alert Fatigue:
      SADA’s security teams filter out noise and prioritize high-risk threats, enabling customer technical staff to focus on the most critical issues with a high-touch ticket portal providing quick remediation handoff.
    • Improved Threat Investigation:
      Leveraging our expertise and Google Cloud’s advanced analytics, SADA can perform threat hunts and investigate complex threats quickly and efficiently, powered by Mandiant Intelligence.
    • Enhanced Security Posture:
      SADA’s Managed SecOps helps customers maintain a strong security posture by supporting customers’ regulatory compliance and data security, including receiving an annual Security Assessment to check up on their security configuration across their IT environment.
    • AI Augmentation:
      SADA’s Managed Security Team can act quickly and effectively with the help of Google Security Operations’ AI capabilities to build and enhance Security Operation workflows in ways that legacy Managed Security Service Providers cannot, such as rapid, tailored query creation or custom playbook automation development.

    About SADA, An Insight company
    SADA, An Insight company, is a market leader in professional services and an award-winning solutions provider of Google Cloud. Since 2000, SADA has been committed to helping customers in healthcare, media, entertainment, retail, manufacturing, and the public sector solve their most complex challenges so they can focus on achieving their boldest ambitions. With offices in North America, India, and Armenia providing sales and customer support teams, SADA is positioned to meet customers where they are in their digital transformation journey. SADA is a 7x Google Cloud Partner of the Year award winner with 10 Google Cloud Specializations and has been named to Inc. Magazine’s Best Workplaces four years in a row. Learn more at http://www.sada.com

    Media Contact
    Stephanie Krivacek
    press@sada.com

    The MIL Network –

    January 23, 2025
  • MIL-OSI: Tenable Cloud Risk Report Sounds the Alarm on Toxic Cloud Exposures Threatening Global Organizations

    Source: GlobeNewswire (MIL-OSI)

    COLUMBIA, Md., Oct. 08, 2024 (GLOBE NEWSWIRE) — Tenable®, the exposure management company, today released its 2024 Tenable Cloud Risk Report, which examines the critical risks at play in modern cloud environments. Most alarmingly, nearly four in 10 organizations globally are leaving themselves exposed at the highest levels due to the “toxic cloud triad” of publicly exposed, critically vulnerable and highly privileged cloud workloads. Each of these misalignments alone introduces risk to cloud data, but the combination of all three drastically elevates the likelihood of exposure access by cyber attackers.

    Security gaps caused by misconfigurations, risky entitlements and vulnerabilities combine to dramatically increase cloud risk. The Tenable Cloud Risk Report provides a deep dive into the most pressing cloud security issues observed in the first half of 2024, highlighting areas such as identities and permissions, workloads, storage resources, vulnerabilities, containers and Kubernetes. It also offers mitigation guidance for organizations seeking ways to limit exposures in the cloud.

    Publicly exposed and highly privileged cloud data lead to data leaks. Critical vulnerabilities exacerbate the likelihood of incidents. The report reveals that a staggering 38% of organizations have cloud workloads that meet all three of these toxic cloud triad criteria, representing a perfect storm of exposure for cyber attackers to target. When bad actors exploit these exposures, incidents commonly include application disruptions, full system takeovers, and DDoS attacks that are often associated with ransomware. Scenarios like these could devastate an organization, with the 2024 average cost of a single data breach approaching $5 million.1

    Additional key findings from the report include:

    • 84% of organizations have risky access keys to cloud resources: The majority of organizations (84.2%) possess unused or longstanding access keys with critical or high severity excessive permissions, a significant security gap that poses substantial risk.
    • 23% of cloud identities have critical or high severity excessive permissions: Analysis of Amazon Web Services (AWS), Google Cloud Platform (GCP) and Microsoft Azure reveals that 23% of cloud identities, both human and non-human, have critical or high severity excessive permissions.
    • Critical vulnerabilities persist: Notably, CVE-2024-21626, a severe container escape vulnerability that could lead to the server host compromise, remained unremediated in over 80% of workloads even 40 days after its publishing.
    • 74% of organizations have publicly exposed storage: 74% of organizations have publicly exposed storage assets, including those in which sensitive data resides. This exposure, often due to unnecessary or excessive permissions, has been linked to increased ransomware attacks.
    • 78% of organizations have publicly accessible Kubernetes API servers: Of these, 41% also allow inbound internet access. Additionally, 58% of organizations have cluster-admin role bindings — which means that certain users have unrestricted control over all the Kubernetes environments.

    “Our report reveals that an overwhelming number of organizations have access exposures in their cloud workloads of which they may not even be aware,” said Shai Morag, chief product officer, Tenable. “It’s not always about bad actors launching novel attacks. In many instances, misconfigurations and over-privileged access represent the highest risk for cloud data exposures. The good news is, many of these security gaps can be closed easily once they are known and exposed.”

    The report reflects findings by the Tenable Cloud Research team based on telemetry from billions of cloud resources across multiple public cloud repositories, analyzed from January 1 through June 30, 2024.

    To download the report today, please visit: https://www.tenable.com/cyber-exposure/tenable-cloud-risk-report-2024

    1 IBM Security Cost of a Data Breach Report 2024

    About Tenable
    Tenable® is the exposure management company, exposing and closing the cybersecurity gaps that erode business value, reputation and trust. The company’s AI-powered exposure management platform radically unifies security visibility, insight and action across the attack surface, equipping modern organizations to protect against attacks from IT infrastructure to cloud environments to critical infrastructure and everywhere in between. By protecting enterprises from security exposure, Tenable reduces business risk for more than 44,000 customers around the globe. Learn more at tenable.com.

    Media Contact:
    Tenable
    tenablepr@tenable.com

    A video accompanying this release is available at 

    https://www.globenewswire.com/NewsRoom/AttachmentNg/532ee720-34f5-486e-89cc-4ea7531a7fc9

    The MIL Network –

    January 23, 2025
  • MIL-OSI: Need for Vehicle Affordability Becoming More Pronounced, According to New CarGurus Report

    Source: GlobeNewswire (MIL-OSI)

    Analysis of third quarter trends also highlights hybrid demand overtaking electric vehicles, the ongoing balance between new car inventory and sales, and more

    BOSTON, Oct. 08, 2024 (GLOBE NEWSWIRE) — CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today released its Quarterly Review for Q3 2024, identifying areas of opportunity as the consumer need for affordability becomes more pronounced.

    “As we near the end of 2024, it’s clear that consumers are speaking loudly with their wallets. After years of post-pandemic revenge spending, consumers are becoming more prudent as they face economic uncertainty, still-high interest rates, and vehicle prices that remain elevated,” said Kevin Roberts, Director of Economic and Market Intelligence at CarGurus. “As a result, we’re seeing concentrated demand for more affordable cars, with sales of certain price segments—$20,000 to $30,000 for new and $15,000 to $20,000 for used—accounting for the greatest share of annual sales growth, 43% and 59% respectively.”

    According to CarGurus data, the shift is especially pronounced in the used market, with vehicles $30,000 and under driving year-over-year sales growth, while cars over $30,000 declined. Further reflecting this trend, used cars over $35,000 are remaining on dealer lots longer compared to more affordable options.

    Additional highlights from the report include:

    • Hybrids are having the year many expected for electric vehicles (EVs): There were big expectations for EV demand in 2024, but hybrids have taken the spotlight with more affordable pricing and fewer concerns around range and charging. Year-to-date, new hybrids accounted for nearly 11% of total retail sales, while EVs were 4% (excluding direct-to-consumer sales volumes). New hybrid retail sales volumes are up nearly 44% year-over-year.
    • New car inventory working to find equilibrium with demand: As automakers try to balance new inventory with demand, a larger share of aging new cars remain on dealer lots. At the end of September, about 58,000 new listings nationwide were two years or older (a nearly 58% increase compared to pre-Covid averages). With 2025 models rolling onto lots, the surplus of these new, but slightly older, models could present an opportunity for price-conscious shoppers.
    • The upcoming election could impact new and used sales demand: In analyzing vehicle sales from 2002 onward—and comparing the seasonality of non-presidential election years to presidential election years—presidential election years tend to see a decline in sales demand in August, October, and November before rebounding at year-end.
    • Immediate impact of interest rate cuts might be muted: While interest rate reductions are a welcome update, the September cuts will do little to improve near-term affordability concerns. Because auto rates tend to follow two- and five-year treasury rates as opposed to the short-term Federal Funds Rate, consumers will not immediately see significant declines. Additionally, with auto loan delinquencies rising, financial institutions may be more hesitant to lend credit or quickly lower rates.

    To read about these trends and more, the complete Quarterly Review for Q3 2024 is available here.

    About CarGurus, Inc.

    CarGurus (Nasdaq: CARG) is a multinational, online automotive platform for buying and selling vehicles that is building upon its industry-leading listings marketplace with both digital retail solutions and the CarOffer online wholesale platform. The CarGurus platform gives consumers the confidence to purchase and/or sell a vehicle either online or in-person, and it gives dealerships the power to accurately price, effectively market, instantly acquire and quickly sell vehicles, all with a nationwide reach. The company uses proprietary technology, search algorithms and data analytics to bring trust, transparency, and competitive pricing to the automotive shopping experience. CarGurus is the most visited automotive shopping site in the U.S.1

    CarGurus also operates online marketplaces under the CarGurus brand in Canada and the United Kingdom. In the United States and the United Kingdom, CarGurus also operates the Autolist and PistonHeads online marketplaces, respectively, as independent brands.

    To learn more about CarGurus, visit http://www.cargurus.com, and for more information about CarOffer, visit http://www.caroffer.com.

    CarGurus® is a registered trademark of CarGurus, Inc., and CarOffer® is a registered trademark of CarOffer, LLC. All other product names, trademarks and registered trademarks are the property of their respective owners.

    1Similarweb: Traffic Insights (Cars.com, Autotrader.com, TrueCar.com), Q2 2024, U.S.

    Media Contact:
    Maggie Meluzio
    Director, Public Relations & External Communications
    pr@cargurus.com

    Investor Contact:
    Kirndeep Singh
    Vice President, Investor Relations
    investors@cargurus.com

    The MIL Network –

    January 23, 2025
  • MIL-OSI: iLearningEngines Aims to Serve European Insurtech Market with Enterprise AI Platform and Knowledge Cloud

    Source: GlobeNewswire (MIL-OSI)

    BETHESDA, Md., Oct. 08, 2024 (GLOBE NEWSWIRE) — iLearningEngines, Inc. (Nasdaq: AILE) (“iLearningEngines” or “the Company”), a leader in AI-powered learning and work automation, today announced the launch of its Insurtech Enterprise AI Knowledge Cloud and hyper apps aiming to serve the European Insurtech industry. iLearningEngines aims to help private insurers and their industry associations adopt and scale their AI projects, particularly where telematics application development can be accelerated and hyper-automated. This will be achieved by leveraging Generative AI partners such as Genlab Venture Studio, a founding member of CoSAI (Coalition for Safe AI), and global cloud service providers, global systems integrators, assurance and audit partners.

    The decision to serve the European Insurtech market builds on the capabilities of the ILE’s Telematics Hyper-App, a cloud marketplace application that is now a cornerstone of the ILE Hyper-App portfolio. The company aims to introduce ILE’s Knowledge Cloud service to insurers across Denmark, Sweden, Switzerland, The Netherlands, and the UK – markets known for their mature digital ecosystems.

    Harish Chidambaran, CEO of iLearningEngines, commented: “The European Insurtech industry can now leverage iLearningEngines’ expertise in hyper-automation, AIOps, and AI model development to drive innovation and operational efficiency. Our AI solutions, which include telematics for industrial fleets and claims automation, can help insurers fast-track their digital transformation and deliver enhanced value to their customers.”

    Balakrishnan Arackal, President of iLearningEngines, added: “We are excited to formally introduce the iLearningEngines offering to Europe. Our strong digital transformation team, led by experts from leading tech companies, combined with our AI platform and marketplace partnerships, positions us uniquely to accelerate the hyper-automation journey of Europe’s top insurers.”

    About iLearningEngines

    iLearningEngines (Nasdaq: AILE) is a leading Applied AI platform for learning and work automation. iLearningEngines enables Enterprises to rapidly productize and deploy a wide range of AI applications and use cases (AI Engines) at scale. 

    iLearningEngines is powered by proprietary vertical specific AI models and data with a flexible No Code AI canvas to drive rapid out-of-the-box deployment while offering low latency and high levels of data security and compliance. Serving over 1,000 enterprise end customers, iLearningEngines is deployed globally into some of the most demanding vertical markets including Healthcare, Education, Insurance, Retail, Energy, Manufacturing and Public Sector to achieve mission critical outcomes.

    For more information about iLearningEngines, please visit: http://www.ilearningengines.com.

    About GenLab Venture Studio

    GenLab Studio is a venture studio focused on business models that leverage the impact, application, and growth of generative AI. By focusing on solid design principles and engaging a diverse community, GenLab Studio aims to create groundbreaking products that help build a more robust AI ecosystem. GenLab is also a founding sponsor of CoSAI.

    For more information about GenLab Studio, please visit: https://genlab.studio/.

    Forward-Looking Statements

    Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995 with respect to the Business Combination. Forward looking statements generally are accompanied by words such as “believe,” “may,” “will, “estimate,” “continue,” “anticipate,” “intend”, “expect”, “should”, “would”, “plan”, “predict”, “potential”, “seem”, “seek”, “future”, “outlook”, the negative forms of these words and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding: the ability of iLearningEngines to help private insurers and their industry associations adopt and scale their AI projects and hyper-automate and scale their AI DevSecOps best practices; the ability of iLearningEngines’ and GenLab Ventures’ alliance to help to scale model development, AIOps, governance, risk management, and compliance; the potential benefits that iLearningEngines’ digital transformation expertise can provide to private European insurers and their industry association partners, including their ability to accelerate their most critical transformation initiatives, particularly in telematics for global industrial fleets, asset management and claims automation; iLearningEngines’ ability to help the European Insurtech industry achieve operational excellence across the region; and iLearningEngines’ ability to address market opportunities across artificial intelligence. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the iLearningEngines’ management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by an investor as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions this press release relies on. Many actual events and circumstances are beyond the control of iLearningEngines. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the outcome and findings of the ongoing special committee investigation of allegations raised by a recent short-seller report; iLearningEngines’ failure to realize the anticipated benefits of its recently completed business combination with Arrowroot Acquisition Corp.; risks related to the rollout of iLearningEngines’ business and the timing of expected business milestones; iLearningEngines’ dependence on a limited number of customers and partners; iLearningEngines’ ability to obtain sufficient financing to pay its expenses incurred in connection with the closing of the business combination; the ability of iLearningEngines to issue equity or equity-linked securities or obtain debt financing in the future; risks related to iLearningEngines’ need for substantial additional financing to implement its operating plans, which financing it may be unable to obtain, or unable to obtain on acceptable terms; iLearningEngines’ ability to maintain the listing of its securities on Nasdaq or another national securities exchange; the risk that the business combination disrupts current plans and operations of iLearningEngines; the effects of competition on iLearningEngines’ future business and the ability of iLearningEngines to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; risks related to political and macroeconomic uncertainty; the outcome of any legal proceedings that may be instituted against iLearningEngines or any of their respective directors or officers, including litigation related to the business combination; the impact of the global COVID-19 pandemic on any of the foregoing risks; and those risks and uncertainties identified in the “Risk Factors” sections of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, filed with the U.S. Securities and Exchange Commission on August 13, 2024, and its other subsequent filings with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that iLearningEngines does not presently know, or that iLearningEngines does not currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect iLearningEngines’ expectations, plans, or forecasts of future events and views as of the date of this communication. iLearningEngines anticipates that subsequent events and developments will cause iLearningEngines’ assessments to change. However, while iLearningEngines may elect to update these forward-looking statements at some point in the future, iLearningEngines specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing iLearningEngines’ assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.

    For iLearningEngines Investors:
    iLearningEngines, investors@ilearningengines.com
    Kevin Hunt, iLearningEnginesIR@icrinc.com

    For iLearningEngines PR:
    Dan Brennan, ICR Inc., iLearningPR@icrinc.com

    The MIL Network –

    January 23, 2025
  • MIL-OSI: Baffle Named a Winner in The 2024 A.I. Awards

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) — Baffle, the easiest way to protect sensitive data, has been announced as a winner in The 2024 A.I. Awards program, in the Best Use of AI in Cybersecurity category.  

    A new awards program launched earlier this year by established cloud computing awards body The Cloud Awards, The A.I. Awards recognizes and rewards excellence and innovation in the use or development of cloud artificial intelligence technologies, and machine learning.

    Baffle has made significant advancements to the product in the last year adding the the ability to secure data used for GenAI pipelines, stored on Amazon S3, and processed in PostgreSQL on Amazon RDS and Aurora, as well as the ability to cryptographically isolate and segregate data stored by multi-tenant applications on AWS. Earlier this year, Baffle was recognized by Inc. Magazine as one of the pacific region’s fastest-growing private companies, and honored with global cloud computing Stratus Award.

    “We are honored to be recognized by the 2024 A.I. awards. As the use of AI has skyrocketed in recent years, so has the volume of data organizations use as part of their AI strategy. It’s more critical than ever that the data processed by AI tools is protected as soon as it is ingested in the data pipeline. That’s where Baffle comes in,” said Ameesh Divatia, co-founder and CEO of Baffle. “I am excited to help our customers on their Gen AI journey by leveraging our innovative data-centric protection solutions for structured and unstructured data stores.”

    “There has been great anticipation leading up to the launch of the new A.I. Awards program, and the winners selected by our judging panel have not disappointed. We’ve been excited and inspired by the quality of innovations on show throughout the program, and we’re delighted to reveal 2024’s winners,” said James Williams, CEO of The Cloud Awards. “All of our winners have shown a remarkable level of ingenuity and dedication towards harnessing cloud AI to improve processes and outcomes for organizations across the world. Baffle fully embodies these attributes and are a worthy winner. We congratulate both them, and the other winners, and are excited to see what new innovations are in store for 2025 and beyond.” 

    The 2024 program featured a wide range of categories and received entries from organizations of all sizes worldwide, including North America, across Europe, the Middle East, and APAC.

    The program will return to welcome new submissions in Summer 2025, to continue recognizing excellence in Cloud AI solutions. The full list of winners across all categories can be viewed here: https://www.cloud-awards.com/2024-ai-awards-winners

    To learn more about Baffle, please visit: https://baffle.io/.

    About Baffle
    Baffle is the easiest way to protect sensitive data. We are the only security platform that cryptographically protects the data itself as it’s created, used, and shared across cloud-native data stores that feed analytics, applications, and AI. Baffle’s no-code solution masks, tokenizes, and encrypts data without application changes or impacting the user experience. With Baffle, enterprises easily meet compliance controls and security mandates and reduce the effort and cost of protecting sensitive information to eliminate the impact of data breaches. Investors include Celesta Venture Capital, National Grid Partners, Lytical Ventures, Nepenthe Capital, True Ventures, Greenspring Associates, Clearvision Ventures, Engineering Capital, Triphammer Venture, ServiceNow Ventures [NYSE: NOW], Thomvest Ventures, and Industry Ventures.

    Follow Baffle on LinkedIn.

    Contact:
    Stephanie Schlegel
    Offleash PR
    baffle@offleashpr.com

    The MIL Network –

    January 23, 2025
  • MIL-OSI United Kingdom: Our ambition to rebuild general practice

    Source: United Kingdom – Executive Government & Departments 2

    The Health and Social Care Secretary spoke at the Royal College of General Practitioners (RCGP) annual conference 2024, in Liverpool.

    Delivered on:
    4 October 2024 (Transcript of the speech, exactly as it was delivered)

    Political content has been removed.

    I’d like to begin by saying a public thank you to you, Kamila, and, by extension, to your college. In opposition, we engaged in good-natured but robust debate on the things we disagreed on and, more often than not, found ourselves in violent agreement on the state of general practice today and our responsibility to rebuild general practice for a brighter tomorrow.

    That relationship, based on mutual respect and a spirit of partnership, means I come here today feeling that I am not only among friends, but among teammates – a theme I’ll build upon in my speech this morning.

    In that same spirit, can I also say a special thank you to Sunaina, Paula, Rumshia and Andy for those outstanding presentations.

    You are proof that, while the NHS may be in the midst of the worst crisis in its history, the biggest asset we have are the people who work in it. More than that, you provide hope to a country that is desperately looking for it, because you are showing us not only is reform possible, but it is already happening, and you are showing us what a reformed NHS could look like.

    I’m delighted to be the first Secretary of State personally addressing this conference in 7 years. I can’t imagine what the others were so worried about.

    I imagine some of you were quite happy to not have to hear from my 7 predecessors who held the job in that time. The good news is I’m here this year, the bad news is, whether you cheer or boo, I’ll be back for more next year. For 2 reasons:

    First, I always welcome challenge, and as you might have gathered by now, I love a good argument.

    More seriously, I recognise that the health service is in a deep hole, and it’s only by working together that we’ll get out of it.

    It’s my job to mobilise nearly 2 million people who work across the NHS to be the team that takes the NHS from the worst crisis in its history, gets it back on its feet, and makes it fit for the future.

    I can’t do it on my own. We can only do it as a team.

    The team spirit we need to build together starts with honesty.

    The NHS is broken. That’s what 2 in every 3 patients believe. I suspect a poll of NHS staff would find the same sort of result. I’m yet to speak to a GP who tells me – on many of the visits I’ve done in the last few years – everything going really well, my workload is entirely manageable, this is just what I signed up for.

    And I want to be clear about something else too: the NHS is broken, but GPs didn’t break it.

    [Political content has been removed]

    And that’s not just my view – that’s effectively the conclusion of the Darzi investigation.

    I know he’s a surgeon. Sorry about that.

    But I think that, if you’ve read his report, the analysis is so stark and so clear that you might even forgive him for polyclinics.

    Lord Darzi found, “GPs are expected to manage increasingly complex care, but do not have the resources, infrastructure and authority that this requires.”

    Hospital resources have shot up, while primary care has been neglected. There are 1,500 fewer fully qualified GPs in the NHS today than 7 years ago.

    While hospital productivity has fallen, the reverse is true in general practice. Despite there being fewer of you, you’re delivering more appointments than ever before – squeezing the time you spend with each patient. And as RCGP’s research this week revealed, it’s the poorest areas hit the hardest.

    Cuts to capital investment mean that one in every 5 of you are working in buildings older than the NHS itself.

    [Political content has been removed]

    In Lord Darzi’s words, “GPs were to all intents and purposes set up to fail.”

    We’re left with a status quo that isn’t working for anyone. Not for patients, 2 in 3 of whom aren’t satisfied with the service they receive – a record low.

    Nor does the status quo work for staff – you are working harder than ever before, pushing you to burn out and in too many cases pack it in.

    Patients are frustrated they can’t see you. You’re frustrated you can’t meet their demands. It’s not sustainable.

    The NHS is broken, but not beaten, and I think what unites all of us – staff, patients and, crucially, the evidence – is the shared conviction that continuity of care, what most people would call the ‘family doctor relationship’ really matters. It’s what drives patient satisfaction, your job satisfaction and better outcomes for patients.

    It will be at the heart of this government’s plan to reimagine the NHS as much as a neighbourhood health service as a national health service.

    We’ll shortly be embarking on a wide-ranging and deep engagement exercise to build our 10-year plan.

    That 10-year plan for the NHS will deliver 3 big shifts in the focus of healthcare:

    • from hospital to community
    • analogue to digital
    • sickness to prevention

    And general practice is fundamental to each one.

    Just look at what the GPs who introduced me today are already doing.

    Paula is using basic technology to meet demand for same-day appointments and giving patients a digital front door, leading the way on ending the 8am scramble.

    Advances in big data are going to transform the NHS’s ability to end the cruel postcode lottery of health inequality. Rumshia is already showing us how – by taking screening, checks and care directly to the communities most in need – intervening early and preventing ill health from worsening, what we can already do.

    And as Andy and Sunaina have shown, if we bring GPs together with colleagues from mental health services, community pharmacy and social care, all working in lockstep as one team, more patients can be treated in the comfort of their own home – where they want to be. That’s the neighbourhood health service we want to build. That’s the future of the NHS.

    And I think we’ve seen in the last 3 months we’ve started as we mean to go on.

    [Political content has been removed]

    GPs were left qualifying into unemployment this summer. While patients can’t get a GP appointment, GPs couldn’t get a job.

    You asked us to act, so we did – in what might be the first example in history of someone signing a petition that actually led to action.

    I received RCGP’s petition, we cut red tape, found the funding and we’re recruiting an extra 1,000 GPs this year, our first step to fixing the front door of the NHS.

    In my first week as Health and Social Care Secretary, I pledged to increase the proportion of NHS resources going to primary care. And in our first month, the government made a down payment on that pledge, providing practices with their biggest funding increase in years.

    I’ve never pretended that one measure on GP recruitment or indeed the funding that was announced was a panacea. But given the £22 billion blackhole we inherited, and the painful cuts we’ve had to make and are having to make elsewhere, be in no doubt how hard we had to fight to deliver that extra funding. It was a serious statement of intent. A proof point. An early decision to demonstrate that we’re serious about rebuilding general practice.

    Not everything is about more money. It’s also about less waste.

    When I spend time shadowing GPs, one of the things they are dying to show me is the sheer amount of paperwork you are required to fill in to refer a patient.

    I was genuinely stunned to hear about one practice that has to complete more than 150 different forms to refer patients into secondary care services.

    Practices spend as much as 20% of their time on admin and work created by poor communications with secondary care.

    This is intolerable. That time should be spent with patients.

    That’s why today I can announce that Amanda Pritchard and I will launch a red tape challenge to bulldoze bureaucracy so GPs are freed up to deliver more appointments.

    The challenge will be led by Claire Fuller and Stella Vig, primary and secondary care leaders who have their bulldozers at the ready. Tell them what’s working well, but more importantly what needs to change. We will listen, act and solve this problem together.

    Amanda and I will receive the conclusion of this work in the new year. And NHS England will hold ICBs and trusts to account if they fail to act.

    The other frustration I hear from staff and patients alike are the pointless appointments you’re forced to hold and patients are forced to attend. You didn’t go through 5 years of medical school plus 5 years of training to tick boxes. So where there are appointments that can be cut out, with patients seen by specialists faster and GPs’ time freed up to do what only GPs can do, we will act.

    Starting in November, 111 online, which is available through the NHS app, will pilot directly referring women with a worrying lump to a breast clinic.

    That means faster diagnosis for cancer patients.

    And more GP appointments freed up.

    Better for patients and better for GPs.

    I suspect there are other cases that come across your desks every week, where a patient has been passed to you by someone else in the NHS to refer them on to someone else in the NHS. It is a waste of everyone’s time, including yours, and where you give us examples of patient pathways that can be simplified through appropriate patient self-referral or direct referral by other NHS services to save your time, we will act.

    It’s not just that I value your time, I respect your profession and your expertise.

    General practice is a specialism.

    That’s why I am committed to the creation of a single register of GPs and specialist doctors and this government will legislate to give the GMC the power to do it.

    It’s symbolic, but it’s also meaningful.

    It reflects the partnership I want to build with this profession.

    What I need from you in return, is goodwill and the same team spirit.

    When the BMA’s GPC returned their ballot result on collective action, I wasn’t remotely surprised.

    I know that after years of rising pressures, declining resources and a worsening service for patients, you feel it is your duty to sound the alarm.

    And trust me, you weren’t the only ones who wanted to punish the previous government.

    [Political content has been removed]

    Capping appointments now will only punish patients and make the road to recovery steeper. Be in no doubt – it is shutting the door on patients.

    Their care will suffer, receptionists will bear the brunt of their frustration, and the rest of the NHS will be left to pick up the pieces.

    Worse still, our collective job will be made harder. Collective action really means collective failure.

    Your message has been received. Not from this one vote, but from all the time I’ve spent in general practice in the past 3 years, literally looking over GPs’ shoulders, seeing what you deal with and the state of the crisis for myself.

    There’s a reason that, back in July, I rejected the list of hospitals suggested to me for my first visit as Secretary of State, and instead went to Dr Ellie Cannon’s Abbey Medical Centre in North London.

    I wanted to send a message that I understand how bad things are, and I am determined to fix them. But I can’t do that alone. We can only do this together.

    So I ask GPs to stand down collective action and instead work with a new government that is serious about working with you, to rebuild our NHS together.

    There are some tricky issues we’ll need to navigate together.

    Take data.

    It’s the future of the NHS.

    Advances in genomics and data mean the NHS will be able to do things never before possible.

    From the moment a child is born, we will know their risk of disease, giving you the tools you need to keep them healthy.

    Cancer could be detected from its earliest signs, saving countless lives.

    And the NHS will be able to treat patients with personalised medicine – far more effective, with fewer side effects. 

    That’s the prize waiting for us.

    But beyond the day-to-day challenge of whether your machines reliably boot up and the number of passwords you have to enter across a range of applications, we don’t even share patients’ records across primary and secondary care.

    I know there are issues we need to work through together around information governance, risk and liabilities. There’s also, let’s be honest, some producer interest in play.

    But here’s the consequence of inaction.

    Keir and I met a family at Alder Hey earlier this year. Their baby had heart surgery to save his life. When they’d taken the baby home and visited their GP, they weren’t just surprised to find their GP didn’t have sight of the hospital records, they were frightened. Imagine how those parents felt: a tiny life in their hands in front of a medical professional who had only a partial sight on their experience. Imagine how the GP felt, having to ask basic questions about fundamental aspects of that baby’s medical history.

    So we need to work together to create a single patient record, owned by the patient, shared across the system so that every part of the NHS has a full picture of the patient.

    This applies as much to research as to care. The two go hand in hand.

    World-leading studies like the UK Biobank, Genomics England and Our Future Health are building up incredibly detailed profiles of our nation’s health.

    Patients have given their consent for their data to be shared with these studies.

    But we still see, far too often, that this data is not shared according to patients’ wishes.

    That’s why I am directing NHS England to take away this burden from you. Just like they did during the pandemic, if a patient explicitly consents to sharing their data with a study, NHS England will take responsibly for making this happen. In return, we will demand the highest standards of data security.

    My concern is that this isn’t just an information governance issue, it’s a culture issue that, unless addressed, will not only exacerbate the shortcomings of the system today, but also squander the potential of tomorrow.

    A world in which genomics, AI and machine learning will combine to change our entire model of care – not simply to drive earlier diagnosis and treatment, but to predict and prevent illness in the first place – is a world that we’ve got to embrace.

    The UK could lead the world in medical research.

    The NHS, created in 1948, a single payer system, is ideally placed to harness the benefits of the revolution in science and technology in a way that Attlee and Bevan could never have imagined 76 years ago.

    This isn’t just about the system, the model, but also the ethos. Why do we pay our taxes into an NHS that is free at the point of use? Of course it is because we all derive a personal benefit, but it is also because we are paying in for the common good. In this century, our data will be as valuable as our taxes: we contribute our data in the knowledge that it will lead to more personalised medicine, but also because it will contribute to better care for everyone.

    It is that collectivist ethos that created the NHS in 1948 to see us through the 20th century, that will underpin an NHS fit for the 21st century.

    Nothing I have seen or experienced in the last 3 months as our country’s Health and Social Care Secretary has weakened my conviction that, while the NHS may be broken, it is not beaten.

    But the future isn’t just in my hands, it’s in yours too.

    The 3 shifts that underpin this government’s reform agenda:

    From hospital to community.

    Analogue to digital.

    Sickness to prevention.

    Those shifts aren’t new ideas and they aren’t radical.

    But delivering them really would be.

    I can’t do it on my own.

    I need every part of the NHS to pull together as one team with one purpose:

    To be the generation that took the NHS from the worst crisis in its history, got it back on its feet and made it fit for the future.

    That’s the mission of this government and I’m confident that together we will rise to it.

    Thank you.

    Updates to this page

    Published 4 October 2024

    MIL OSI United Kingdom –

    January 23, 2025
  • MIL-OSI: Jeff Cohen Joins Guggenheim Securities to Expand Consumer & Retail Investment Banking

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) — Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that Jeff Cohen has joined the firm as a Senior Managing Director. Mr. Cohen brings more than 30 years of investment banking experience to Guggenheim, where he joins the firm’s Consumer & Retail investment banking practice.

    Mr. Cohen most recently served as a Senior Advisor at UBS in the Retail Investment Banking group. Prior to his time at UBS, Mr. Cohen served as Vice Chairman of the Global Retail Investment Banking group at Credit Suisse. He previously held the position of Global Head of Retail Investment Banking at Lazard, UBS, and Wasserstein Perella/Dresdner Kleinwort Wasserstein. Mr. Cohen began his career as an attorney at Cravath, Swaine & Moore.

    “We are excited to welcome Jeff to Guggenheim,” said Mark Van Lith, CEO of Guggenheim Securities. “Jeff is a longstanding advisor to some the largest and most influential retail companies globally. His impressive track-record of industry-transforming transactions and deep sector expertise will enhance our ability to deliver world-class solutions to our clients. We look forward to his contributions to the firm.”

    Mr. Cohen earned his B.A. and B.S. in economics (Wharton School) from the University of Pennsylvania and his J.D. from Harvard Law School.

    About Guggenheim Securities

    Guggenheim Securities is the investment banking and capital markets business of Guggenheim Partners, a global investment and advisory firm. Guggenheim Securities offers services that fall into four broad categories: Advisory, Financing, Sales and Trading, and Research. Guggenheim Securities is headquartered in New York, with additional offices in Atlanta, Boston, Chicago, Houston, London, Menlo Park, and San Francisco. For more information, please visit GuggenheimSecurities.com, follow us on LinkedIn or contact us at GSinfo@GuggenheimPartners.com or 212.518.9200.

    About Guggenheim Partners

    Guggenheim Partners is a diversified financial services firm that delivers value to its clients through two primary businesses: Guggenheim Investments, a premier global asset manager and investment advisor, and Guggenheim Securities, a leading investment banking and capital markets business. Guggenheim’s professionals are based in offices around the world, and our commitment is to deliver long-term results with excellence and integrity while advancing the strategic interests of our clients. Learn more at GuggenheimPartners.com, and follow us on LinkedIn and Twitter @GuggenheimPtnrs.

    Media Contact

    Steven Lee
    Guggenheim Securities
    212.293.2811
    Steven.Lee@guggenheimpartners.com

    The MIL Network –

    January 23, 2025
  • MIL-OSI USA: As Federal Assistance for Hurricane Helene Exceeds $210 Million, FEMA Prepares for Dual Response with Hurricane Milton Strengthening as it Moves Toward Gulf Coast of Florida

    Source: US Federal Emergency Management Agency

    Headline: As Federal Assistance for Hurricane Helene Exceeds $210 Million, FEMA Prepares for Dual Response with Hurricane Milton Strengthening as it Moves Toward Gulf Coast of Florida

    As Federal Assistance for Hurricane Helene Exceeds $210 Million, FEMA Prepares for Dual Response with Hurricane Milton Strengthening as it Moves Toward Gulf Coast of Florida

    FEMA Prepares for Hurricane Milton While Continuing to Mobilize Federal Resources for Helene Survivors

    WASHINGTON — Federal support for survivors of Hurricane Helene has now surpassed $210 million, reflecting the Biden-Harris Administration’s commitment to helping impacted communities recover and rebuild. FEMA remains focused on coordinating comprehensive recovery efforts across the Southeast, mobilizing resources and personnel to provide immediate and long-term support to those affected.

    Administrator Deanne Criswell continues to lead the Helene response and recovery efforts and will join Governor Roy Cooper, Department of Defense Assistant Secretary Rebecca Zimmerman Dual Status Commander Wes Morrison and NORTHCOM Commander Gen. Gregory Guillot for a press conference this morning to provide updates on the storm damage assessments and response efforts.

    Administrator Criswell has directed FEMA’s Deputy Director Erik Hooks to travel to North Carolina today to support response and recovery efforts while she travels to Florida. There, she will meet with local and state officials as she directs the federal response on the ground and prepares for the impacts of Hurricane Milton, which is expected to make landfall on the Gulf Coast of Florida on Wednesday evening as a major hurricane. Administrator Criswell will return to North Carolina this evening.

    As FEMA maintains its focus on Helene response and recovery, the agency is also pre-positioning resources to support local and state response efforts ahead of Hurricane Milton. FEMA is fully prepared to respond to the storm’s potential impacts and has already begun staging resources and personnel to support communities in its path. The agency’s capacity to manage multiple simultaneous disasters ensures that it can continue to prioritize response and recovery efforts for Helene, while also being ready to respond to Milton. Residents in the storm’s projected path are urged to stay informed and prepare now.

    Helene Response

    The agency is actively working alongside state, local and tribal partners to assess damage and support those affected by Helene. Nearly 7,000 personnel from across the federal workforce are deployed, including FEMA staff. To date, FEMA has shipped over 15.6 million meals, more than 13.9 million liters of water, 157 generators and more than 505,000 tarps to the region. 

    Disaster survivors in certain areas of Georgia, Florida, North Carolina, South Carolina, Tennessee and Virginia can begin their recovery process by applying for federal assistance through FEMA. People with damage to their homes or personal property who live in the designated areas should apply for assistance, which may include upfront funds to help with essential items like food, water, baby formula, breastfeeding supplies and other emergency supplies. Funds may also be available to repair storm-related damage to homes and personal property, as well as assistance to find a temporary place to stay. Homeowners and renters with damage to their home or personal property from previous disasters, whether they received FEMA funds or not, are still eligible to apply for and receive assistance for Helene.   

    There are three ways to apply for FEMA assistance:  

    Support for North Carolina

    Financial Support: FEMA has approved more than $32 million in housing and other types of assistance for over 27,000 households.

    Staffing: As response efforts continue in North Carolina, more than 800 FEMA staff are on the ground, with more arriving daily. Over 1,200 Urban Search and Rescue personnel remain in the field helping people. These teams have rescued or supported over 3,200 survivors to date. In a move to strengthen recovery operations in Western North Carolina, President Biden has ordered an additional 500 active-duty troops equipped with advanced technological assets to the area. This brings the total number of active-duty military personnel supporting the response to 1,500. Dozens of Disaster Survivor Assistance staff are on the ground in affected areas to help survivors apply for FEMA assistance and connect them with additional state, local, federal and voluntary agency resources. Experienced FEMA leaders from around the country are in the field to bolster response efforts. 

    Sheltering: Over 1,700 people who cannot return home are staying in safe and clean lodging through FEMA’s Transitional Sheltering Assistance program. Transitional Sheltering Assistance is available for North Carolinians displaced by Helene. Residents in declared counties who have applied for disaster assistance may be eligible to stay temporarily in a hotel or motel paid for by FEMA while they work on their long-term housing plan. People do not need to request this assistance. FEMA will notify them of their eligibility through an automated phone call, text message and/or email, depending upon the method of communication they selected at the time of application for disaster assistance. 

    Shelter numbers continue to decline, with 22 shelters housing just under 1,000 occupants. Mobile feeding operations continue to help survivors in heavily impacted areas, including three mass feeding sites in Buncombe, McDowell and Watauga counties.  

    Power and Cellular Restoration: As of today, more than 86% of originally reported power outages have been restored. Cellular restoration continues to improve, with less than 20% of cellular sites down. FEMA is boosting response coordination by providing Starlink units to ensure first responders can communicate with each other. 

    Commodities: Commodity distribution, mass feeding and hydration operations are underway in areas of western North Carolina. FEMA commodity shipments are enroute to support operations. The agency is on track to meet requested delivery timelines for meals and water. Voluntary organizations are supporting feeding operations with bulk food and water deliveries coming via truck and aircraft. The Salvation Army has nine mobile feeding units supporting the massive operation and has provided emotional and spiritual care to more than 900 people. To date, The Salvation Army has served over 12,600 meals, 9,600 drinks and 5,600 snacks. The American Red Cross is engaging in targeted distribution of emergency supplies in low-income communities with high levels of minor or affected residential damage. 

    Resources: 

    • Residents can visit: ncdps.gov/helene to get information and additional assistance.  
    • Residents can get in touch with loved ones by calling 2-1-1 or visiting unitedwaync.org to add them to search and rescue efforts.  

    Support for Florida  

    As recovery efforts continue in Florida, FEMA has approved more than $87 million for over 13,000 households. FEMA specialists are canvassing Florida communities affected by Helene to help survivors apply for assistance. Additionally, FEMA inspectors are visiting applicants’ homes to verify disaster-caused damage.

    Residents in need of information or resources should call the State Assistance Information Line (SAIL) at
    1-800-342-3557. English, Spanish and Creole speakers are available to answer questions.  

    Support for South Carolina 

    As recovery efforts continue in South Carolina, FEMA has approved over $57 million for more than 73,500 households. FEMA Disaster Survivor Assistance Teams are on the ground in neighborhoods across the affected counties continuing to help survivors apply for FEMA assistance and connect them with additional state, local, federal and voluntary agency resources.  

    Residents with questions on Helene can call the state’s toll-free hotline, open 24 hours a day, at 1-866-246-0133. 

    Residents who are dependent on medical equipment at home and who are without power due to Helene may be eligible for a medical needs shelter. Call the state’s Department of Public Health Care Line at 1-855-472-3432 for more information. 

    Support for Georgia 

    FEMA has approved over $31 million for more than 39,000 households. FEMA Disaster Survivor Assistance Teams are on the ground in neighborhoods across the affected counties helping survivors apply for FEMA assistance and connecting them with additional state, local, federal and voluntary agency resources. 

    Resources: Residents can find resources like shelters and feeding sites at gema.georgia.gov/hurricane-helene. 

    Support for Virginia 

    To date, FEMA has approved nearly $500,000 for over 89 households. FEMA Disaster Survivor Assistance Teams are on the ground in neighborhoods across the affected counties helping survivors apply for FEMA assistance and connecting them with additional state, local, federal and voluntary agency resources.

    Residents can find resources like shelters and feeding sites at: Recover – Hurricane Helene | VDEM (vaemergency.gov)

    Support for Tennessee

    FEMA has approved more than $632,000 for disaster assistance for over 33 households. FEMA Disaster Survivor Assistance Teams are on the ground in neighborhoods across the affected counties helping survivors apply for FEMA assistance and connecting them with additional state, local, federal and voluntary agency resources.

    • Residents can call 1-800-824-3463 to report a missing person. Callers should be prepared to provide as much information as possible including names, phone numbers, vehicle identification and last known whereabouts.  
    • Counties continue to establish donation centers. For the evolving list, visit TEMA’s website. 

    Voluntary Organizations

    Voluntary organizations are also providing personnel and resources to the hardest hit areas. The American Red Cross has hundreds of trained disaster workers providing comfort and operating shelters. Additionally, they are helping find loved ones through their helpline 1-800-RED-CROSS (1-800-733-2767) or by the Red Cross Hurricane Helene Reunification page where people can enter pertinent information about the person they’re looking for. If someone is missing a child related to this disaster or any other incident, they need to call 9-1-1 and then 1-800-THE-LOST to receive assistance from the National Center for Missing and Exploited Children. 

    People can receive free services like cutting fallen trees, tarping roofs and mold mitigation with the help of Crisis Cleanup by calling 844-965-1386. The hotline is open through October 11 and can connect people with volunteers from local relief organizations, community groups and the faith-based community who may be able to assist.  

    alex.fonseca
    Mon, 10/07/2024 – 14:18

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI: WISDOMTREE MULTI ASSET ISSUER PUBLIC LIMITED COMPANY (a public company incorporated with limited liability in Ireland) WISDOMTREE S&P 500 VIX SHORT-TERM FUTURES 2.25X DAILY LEVERAGED SECURITIES ISIN: XS2819843736

    Source: GlobeNewswire (MIL-OSI)

    7 October 2024

    LSE Code: VIXL

    WISDOMTREE MULTI ASSET ISSUER PUBLIC LIMITED COMPANY
    (a public company incorporated with limited liability in Ireland)
    WISDOMTREE S&P 500 VIX SHORT-TERM FUTURES 2.25X DAILY LEVERAGED SECURITIES ISIN: XS2819843736

    RESULTS OF MEETING OF THE ETP SECURITYHOLDERS

    WisdomTree Multi Asset Issuer Public Limited Company (the “Issuer”) wishes to announce that the Extraordinary Resolution regarding the reduction in the principal amount of the WisdomTree S&P 500 VIX Short-Term Futures 2.25x Daily Leveraged Securities (the “Affected Securities”) from USD 4.81 to USD 0.481, as set out in a notice to holders of the Affected Securities dated 7 October 2024, was passed at an adjourned meeting of the holders of the Affected Securities held at 11am on 7 October 2024.

    As a result, the Deed of Amendment has been duly executed by the Issuer, the Manager and the Trustee to put the proposed amendments to the Trust Deed into effect from 7 October 2024.

    The MIL Network –

    January 23, 2025
  • MIL-OSI: RCI BANQUE: ISSUANCE OF A 5 YEAR FIXED RATE BOND FOR CHF 120 MILLION

    Source: GlobeNewswire (MIL-OSI)

    October 7th, 2024

    RCI BANQUE: ISSUANCE OF A 5 YEAR FIXED RATE BOND FOR CHF 120 MILLION

    RCI Banque announces the issuance of a CHF 120 M bond with a 5 year maturity and a 2.015% coupon.

    The success of this transaction demonstrates investors’ interest in RCI Banque’s name and the company’s ability to diversify its funding sources.

            

    About Mobilize Financial Services   
    Attentive to the needs of all its customers, Mobilize Financial Services, a subsidiary of Renault Group, creates innovative financial services to build sustainable mobility for all. Mobilize Financial Services, which began operations nearly 100 years ago, is the commercial brand of RCI Banque SA, a French bank specializing in automotive financing and services for customers and networks of Renault Group, and also for the brands Nissan and Mitsubishi in several countries.  
    With operations in 35 countries and nearly 4,000 employees, Mobilize Financial Services financed more than 1,2 million contracts (new and used vehicles) in 2023 and sold 3,9 million services. At the end of June 2024, average earning assets stood at 54,9 billion euros of financing and pre-tax earnings at 553 million euros.   
    Since 2012, the Group has deployed a deposit-taking business in several countries. At the end of June 2024, net deposits amounted to 29,4 billion euros, or 50 % of the company’s net assets.   
    To find out more about Mobilize Financial Services: http://www.mobilize-fs.com/  
    Follow us on Twitter: @Mobilize_FS 

    Attachment

    • 2024.10.07 Communiqué Mobilize FS – Emission 5 ans – UK

    The MIL Network –

    January 23, 2025
  • MIL-OSI: WISDOMTREE MULTI ASSET ISSUER PUBLIC LIMITED COMPANY (a public company incorporated with limited liability in Ireland) WISDOMTREE S&P 500 VIX SHORT-TERM FUTURES 2.25X DAILY LEVERAGED SECURITIES ISIN: XS2819843736

    Source: GlobeNewswire (MIL-OSI)

    7 October 2024

    LSE Code: VIXL

    WISDOMTREE MULTI ASSET ISSUER PUBLIC LIMITED COMPANY
    (a public company incorporated with limited liability in Ireland)
    WISDOMTREE S&P 500 VIX SHORT-TERM FUTURES 2.25X DAILY LEVERAGED SECURITIES ISIN: XS2819843736

    RESULTS OF MEETING OF THE ETP SECURITYHOLDERS

    WisdomTree Multi Asset Issuer Public Limited Company (the “Issuer”) wishes to announce that the Extraordinary Resolution regarding the reduction in the principal amount of the WisdomTree S&P 500 VIX Short-Term Futures 2.25x Daily Leveraged Securities (the “Affected Securities”) from USD 4.81 to USD 0.481, as set out in a notice to holders of the Affected Securities dated 7 October 2024, was passed at an adjourned meeting of the holders of the Affected Securities held at 11am on 7 October 2024.

    As a result, the Deed of Amendment has been duly executed by the Issuer, the Manager and the Trustee to put the proposed amendments to the Trust Deed into effect from 7 October 2024.

    The MIL Network –

    January 23, 2025
  • MIL-OSI: Jeff Cohen Joins Guggenheim Securities to Expand Consumer & Retail Investment Banking

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) — Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that Jeff Cohen has joined the firm as a Senior Managing Director. Mr. Cohen brings more than 30 years of investment banking experience to Guggenheim, where he joins the firm’s Consumer & Retail investment banking practice.

    Mr. Cohen most recently served as a Senior Advisor at UBS in the Retail Investment Banking group. Prior to his time at UBS, Mr. Cohen served as Vice Chairman of the Global Retail Investment Banking group at Credit Suisse. He previously held the position of Global Head of Retail Investment Banking at Lazard, UBS, and Wasserstein Perella/Dresdner Kleinwort Wasserstein. Mr. Cohen began his career as an attorney at Cravath, Swaine & Moore.

    “We are excited to welcome Jeff to Guggenheim,” said Mark Van Lith, CEO of Guggenheim Securities. “Jeff is a longstanding advisor to some the largest and most influential retail companies globally. His impressive track-record of industry-transforming transactions and deep sector expertise will enhance our ability to deliver world-class solutions to our clients. We look forward to his contributions to the firm.”

    Mr. Cohen earned his B.A. and B.S. in economics (Wharton School) from the University of Pennsylvania and his J.D. from Harvard Law School.

    About Guggenheim Securities

    Guggenheim Securities is the investment banking and capital markets business of Guggenheim Partners, a global investment and advisory firm. Guggenheim Securities offers services that fall into four broad categories: Advisory, Financing, Sales and Trading, and Research. Guggenheim Securities is headquartered in New York, with additional offices in Atlanta, Boston, Chicago, Houston, London, Menlo Park, and San Francisco. For more information, please visit GuggenheimSecurities.com, follow us on LinkedIn or contact us at GSinfo@GuggenheimPartners.com or 212.518.9200.

    About Guggenheim Partners

    Guggenheim Partners is a diversified financial services firm that delivers value to its clients through two primary businesses: Guggenheim Investments, a premier global asset manager and investment advisor, and Guggenheim Securities, a leading investment banking and capital markets business. Guggenheim’s professionals are based in offices around the world, and our commitment is to deliver long-term results with excellence and integrity while advancing the strategic interests of our clients. Learn more at GuggenheimPartners.com, and follow us on LinkedIn and Twitter @GuggenheimPtnrs.

    Media Contact

    Steven Lee
    Guggenheim Securities
    212.293.2811
    Steven.Lee@guggenheimpartners.com

    The MIL Network –

    January 23, 2025
  • MIL-OSI USA: ICYMI: NJBiz’s Matthew Fazelpoor Sits Down With New Jersey Economic Development Authority’s CEO Tim Sullivan Ahead of the NJEDA’s 50th Anniversary

    Source: US State of New Jersey

    Sitting down with Sullivan

    With the anniversary in the backdrop, NJBIZ recently caught up with Sullivan to discuss how the agency has evolved, areas of focus under his leadership during the Murphy administration, what’s next and more.

    “Across the state, I think Gov. Murphy’s strategy of focusing on innovation, entrepreneurship, small businesses, and key sectors like film and television continues to pay huge dividends,” Sullivan told NJBIZ, noting the state’s third place ranking for VC capital dollars invested in the first six months of this year. “Largely through some of the success of sectors like AI, which Gov. Murphy has been really focused on, our teams are really focused on. Whether that’s continued momentum in film and television – you’re going to see a groundbreaking for the Lionsgate Studio in Newark. Netflix is making tons of progress – it’s sort of invisible – on their ambitions down in Monmouth County. You’re seeing the advancement in things like the 1888 Studios project in Bayonne. So – really good momentum across the board, while continuing to focus on things like our small businesses in our downtowns and the cannabis sector in places that are really core to our main street and our equity agenda.”

    Sullivan has led the NJEDA since 2018. He stressed how vital partnerships are to successful economic development. “It’s very rare, with regard to economic development, that you can pass a law or stand up a program – and just sort of leave it out on the stoop and hope something good happens,” he said. “You’ve got to really work closely with the private sector; with nonprofits; with academia; with investors – to structure transactions and bring them together.”

    He pointed to the recent groundbreaking of the New Jersey Performing Arts Center campus redevelopment project in Newark — a complicated deal that involves a number of stakeholders, partners and moving parts; as well as the recent topping of the New Jersey Health and Life Sciences Exchange (HELIX) in New Brunswick.

    Sullivan described both projects as a “big coalition of the willing.”

    “And that’s what usually brings these big, transformative projects together,” he explained. “In economic development, when it makes sense for us to act and be involved, and usually invest money, it’s because there’s either a market failure or because there is something where we are trying to sort of build or strengthen a competitive advantage for the state. And investment in real estate in our downtown communities, for example, is a good example of market failure – without tax credits, without some of the pretty highly structured stuff that the NJPAC project includes as does things like the HELIX and Loew’s Theater in Jersey City, and various other things.”

    He said that the NJEDA is trying to act on those opportunities, which requires coordination, collaboration and partnerships with a variety of entities. “And it’s not the kind of the thing where the government just waves a magic wand and sort of makes the economy better,” Sullivan said. “The economy is driven by the private sector. We know that. And that’s a critically important part of our approach.”

    Expanding the toolkit

    The CEO credited the governor and Legislature for the expansion of the resources and breadth of what the agency has been empowered to do. “Our toolkit was good – but it was a bit narrow in terms of who our typical partners were,” he explained. “And those are good partners to have. Those are large companies – big real estate developers. Those are important partners. But whether it’s looking at things like child care, food security, small business – broadly. The EDA has always had a small business effort – and that’s important. But we’ve put it on steroids and then some under Gov. Murphy’s leadership. We’re now supporting thousands of businesses, small businesses every year.”

    And whether the NJEDA and other state officials are in Paterson or Camden – or even Canada as was the sight of a recent Choose New Jersey-organized, Murphy-led economic trade mission – Sullivan stressed that the state’s toolkit is as good as any in the country for being able to solve whatever problem or opportunity might present itself.
    “Compared to 2018, we have custom-built tools – 10 or 12 – for small businesses, not just here’s a grant or here’s a loan,” he continued. “We’ve got different sorts of ways to intervene and be helpful. On innovation, we’ve probably got 20 to 25 programs that help companies at different stages of their life cycle. On real estate, we’ve got seven or eight really large-scale programs to support community development. We’ve got manufacturing tools. We’ve got child care supports. We’ve got food security interventions. And so, the range in depth and breadth of what Gov. Murphy and the Legislature have empowered the EDA to do – it’s pretty broad and it’s pretty striking.”

    In discussing the evolution of the agency, Sullivan stressed those efforts responding to the pandemic as well as some of the scrutiny agency faced a few years back, including audits, investigations and hearings into its tax incentive programs.

    “It forced us to get better and get our house in order,” he said. “In regard to how we do things like compliance and making sure that we know what bargain are we signing up for; what bargain is the applicant signing up for. In the comptroller’s audit, the very first sort of major critique of the EDA back in the early days, talked about that we didn’t have a good enough handle on – were the jobs that people said they were creating real, and could we really account for them?”

    That led to a strong technology partnership with the Department of Labor & Workforce Development to address that issue. Sullivan said that’s not only helped NJEDA as a whole, but especially during the pandemic when everything needed to be implemented at scale.

    “The work that was done and continues to happen every single day to make sure we are getting it right on the foundational elements of compliance and oversight and all that builds the foundation and gives us the ability to execute better on a bigger scale,” said Sullivan. “If you can’t do the foundational stuff right, you forfeit the right to do anything – but particularly, big, complicated things.”

    Another major recent development for the agency was moving the New Jersey Motion Picture & Television Commission under the NJEDA’s ambit and the hiring of Jon Crowley as its new executive director in March. The production industry has been growing here, with high-profile projects recently completed or in the works in the Garden State, including the “Happy Gilmore” sequel.

    “The film commission is a hugely important part of the strategy,” said Sullivan. “And the members of the commission are really great advisers to the governor and the state about the needs of the industry and the opportunities in film and TV industry.”

    He stressed that the state has done really well in the film and television industry over the last few years. “And the best is yet to come,” Sullivan said, noting how great it is for stars like Adam Sandler and others to be in New Jersey — and for crew and staff to be spending dollars here and frequenting local spots during production.

    “Because once Netflix, Lionsgate and 1888 are open, they’re going to work really hard to keep those things full – year-round, all-the-time, with permanent jobs. You’re going to have shows – hopefully filming multiple seasons in New Jersey, both inside the soundstage and also out in New Jersey’s locations. Unless you need to film a shot on the moon or in the Sahara, you can pretty much make New Jersey look like anywhere in the world. We’ve got main streets. We’ve got downtowns. We’ve got farms. We’ve mountains and hills. We’ve got the beach.”

    Sullivan, a New Jersey native, said that leading this organization during such a critical time has been a fun challenge to broaden and deepen what the NJEDA focuses on and how it approaches strategic challenges. He said it’s possible because of the governor’s focus and commitment to economic growth and development, especially from an equity standpoint.

    “We have the high-class challenge of more opportunities and more resources to accomplish them,” he said. “But we’re really fortunate to have a great team at the EDA. Some of those are folks that have been here a long time. Some are folks who have joined in the last few years. And we’re supported by a great board. We’ve got great leaders from the private sector and the public sector on our board. And it’s a challenge made possible – or made easier – by great colleagues and lots of support and resources from the governor.”

    Looking ahead

    As for the areas of focus, especially as the governor and his administration enter the final year in office, Sullivan said that Murphy intends to sprint through the tape. “And he means it – I promise. Because he’s working his butt off. And if anything, running harder and running faster in late ’24 than ever before,” Sullivan said. “We will continue to push forward and make sure we can get done and finish up – or kind of get to lift-speed a lot of the different initiatives. AI has been something that we have talked about in the last year or so. There’s a heck of a lot of work left to do on things like the Princeton AI Hub and getting that all buttoned up. Offshore wind will remain a major priority for Gov. Murphy and our team.”

    He said that the outcome of the election will affect the future of offshore wind one way or the other. Sullivan also cited issues like film and television production, child care, economic security, small businesses and more as other areas of focus in this stretch.

    “Making sure we deliver on all of the things we’ve said we were going to do will keep us more than busy for the next 15, 16 months for sure,” said Sullivan.

    He also addressed the agency’s continuing evolution. “I think as we look to the future, no matter who the governor is and no matter what party or ideology she or he might have – both the next governor and 10 to 15 governors to come – the economy’s always going to be incredibly important,” said Sullivan. “It’s the engine that fuels not just prosperity and quality of life in the state – but also the ability to pay for things. Go back to Gov. Murphy’s articulation of a stronger and fairer New Jersey. A stronger New Jersey begets a fairer New Jersey because you have more resources to pay for it – and ways to narrow those inequality gaps. I think that’s going to be a challenge and an opportunity for many, many governors to come.”

    He said the agency is trying to make sure it’s ready to deliver on whatever the strategy of the governor is at the time.

    The conversation closed with Sullivan reflecting on what it has meant to lead NJEDA in his native state during such a critical and notable time.

    “I’ve had the extraordinarily good fortune of a governor and a Legislature that wants to support what we’re doing – and not just in words, but with resources and with programs as well as the ability to work with some really great colleagues,” said Sullivan. “I’m really proud of the work we’ve done. Whether it’s the high-profile stuff or the behind-the-scenes, lower-profile stuff – that I think has just as big an impact as the high-profile stuff.”

    Sullivan said that he believes the Authority has made a huge difference – pointing to the addition of 250,000 jobs since the governor took office while turning the tide on a lot of longstanding challenges in the state economy.

    “But we have real work left to do. No one should expect to see a ‘mission accomplished’ sign on anything anytime soon,” Sullivan stressed. “The work of continuing to close yawning inequalities and disparities between folks who are doing great and folks who just need an opportunity to do great – that work goes on. It’ll take a lifetime of work. I’m really proud of the progress we’ve made – and very, very conscious of the work left to be done.”

    Getting small businesses through tough times

    NJEDA Chief Economic Transformation Officer Kathleen Coviello, who has served at the NJEDA since 2005 through the administrations of Govs. Codey (acting), Corzine, Christie, and Murphy, said that each governor puts their own on touch on things in terms of economic development.

    “And that’s the great thing about democracy. The people elect who the governor’s going to be. The governor sets the policy. The EDA administers the policy set by the governor,” Coviello told NJBIZ. “And have been fortunate to have a lot of governors that have entrusted quite a bit to the EDA. I think the pandemic was a real turning point for the organization.”

    She reflected on the agency working around the clock to step up and help small businesses during the throes of the pandemic.

    “And we’ve done that before as an organization. Superstorm Sandy – EDA was called upon to support those businesses,” she continued. “But it maybe was just starting to get us warmed up for what we saw during the pandemic. And I’m particularly proud of how the organization responded during that time. But what’s great is we now have a much broader view of what economic development is. We’ve really grown our scope.”

    Coviello said that when she joined the organization, it was primarily a lender.

    “Then, we started to get into venture and equity,” she said. “And then under Tim and Gov. Murphy, it’s really a holistic approach. They’ve secured a lot more federal funding. They’ve secured a lot more state funding, which has given us a considerable amount more flexibility.”

    Areas like workforce, child care and small business support, Coviello explained, require more than just a loan.

    “I think our vision has grown tremendously over the 50 years since the organization started,” said Coviello. “But no more so than in the last seven that I have seen.”

    High praise

    In a statement to NJBIZ, Murphy lauded Sullivan and the NJEDA team for their work throughout his administration.

    “Tim Sullivan’s record of achievement as CEO of the New Jersey Economic Development Authority ranks him as one of the finest leaders in the 50-year history of the Authority,” Murphy told NJBIZ. “Tim and his team have created good-paying jobs for New Jerseyans and have provided resources and created opportunities for small businesses to grow and thrive after the pandemic. Under Tim’s leadership, the State has also supported New Jersey’s innovators and attracted major film studios. The incentive programs created by Tim and his team have reignited a growing and expanding film and television industry.”

    “With Tim at the helm of NJEDA, New Jersey’s economic programs are a national model for sustainable and equitable growth,” the governor said.

    MIL OSI USA News –

    January 23, 2025
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