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Category: Technology

  • MIL-OSI: Ambiq’s Leading SoC for Edge AI Now on Edge Impulse

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, July 01, 2025 (GLOBE NEWSWIRE) — Ambiq®, a technology leader in ultra-low-power semiconductor solutions for edge AI, today announced that its Apollo510 System-on-Chip (SoC) is now supported on the Edge Impulse™ development platform, enabling developers to build and deploy highly efficient, scalable AI applications for edge devices across speech recognition, computer vision, healthcare monitoring, and industrial automation.

    The Apollo510 represents a significant leap forward in edge AI capabilities, delivering up to 10 times higher performance and 3 times lower energy consumption compared to its predecessor, the Apollo4 Plus, in typical AI inference workloads. Built on Ambiq’s proprietary Subthreshold Power Optimization Technology (SPOT®) platform and powered by an Arm® Cortex® -M55 CPU with Helium™ technology, Apollo510 is ideal for demanding edge AI applications in speech, vision, healthcare, and industrial sectors.

    “The Apollo510 is an extraordinary platform for edge AI, as its improvements in energy efficiency and performance enable use cases that weren’t possible before,” says Carlos Morales, VP of AI at Ambiq. “The integration of Apollo510 with Edge Impulse removes key hurdles for both enterprise and startup AI developers, enabling faster, more efficient deployment of edge AI applications.”

    “The combination of Edge Impulse with Ambiq’s Apollo510, built on its ultra-efficient SPOT platform, gives developers a powerful edge AI solution,” said Jan Jongboom, Senior Director, Technology, Qualcomm Technologies Netherlands B.V. and co-founder of Edge Impulse Inc. “Together, we enable faster development of scalable AI applications.”

    The Apollo510 has earned recognition across the industry, including winning the Embedded World’s Best Hardware award in 2024 and being named the 2025 IoT Semiconductor Solution of the Year by IoT Breakthrough.

    Developers can get started today with access to Edge Impulse development tools for the Apollo510.

    About Ambiq

    Our mission is to enable intelligence (artificial intelligence (AI) and beyond) everywhere by delivering the lowest power semiconductor solutions. We enable our customers to deliver artificial intelligence compute at the edge where power consumption challenges are the most profound. Our technology innovations, built on the patented and proprietary subthreshold power optimized technology (SPOT), fundamentally deliver a multi-fold improvement in power consumption over traditional semiconductor designs. We’ve powered over 270 million devices today. For more information, visit www.ambiq.com.

    Contact
    Charlene Wan 
    VP of Corporate Marketing and Investor Relations
    cwan@ambiq.com 
    +1.512.879.2850

    Edge Impulse is a trademark or registered trademark of EdgeImpulse, Inc.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d5daad4d-2539-470b-b407-2fbe6c03bc92

    The MIL Network –

  • MIL-OSI: Ambiq’s Leading SoC for Edge AI Now on Edge Impulse

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, July 01, 2025 (GLOBE NEWSWIRE) — Ambiq®, a technology leader in ultra-low-power semiconductor solutions for edge AI, today announced that its Apollo510 System-on-Chip (SoC) is now supported on the Edge Impulse™ development platform, enabling developers to build and deploy highly efficient, scalable AI applications for edge devices across speech recognition, computer vision, healthcare monitoring, and industrial automation.

    The Apollo510 represents a significant leap forward in edge AI capabilities, delivering up to 10 times higher performance and 3 times lower energy consumption compared to its predecessor, the Apollo4 Plus, in typical AI inference workloads. Built on Ambiq’s proprietary Subthreshold Power Optimization Technology (SPOT®) platform and powered by an Arm® Cortex® -M55 CPU with Helium™ technology, Apollo510 is ideal for demanding edge AI applications in speech, vision, healthcare, and industrial sectors.

    “The Apollo510 is an extraordinary platform for edge AI, as its improvements in energy efficiency and performance enable use cases that weren’t possible before,” says Carlos Morales, VP of AI at Ambiq. “The integration of Apollo510 with Edge Impulse removes key hurdles for both enterprise and startup AI developers, enabling faster, more efficient deployment of edge AI applications.”

    “The combination of Edge Impulse with Ambiq’s Apollo510, built on its ultra-efficient SPOT platform, gives developers a powerful edge AI solution,” said Jan Jongboom, Senior Director, Technology, Qualcomm Technologies Netherlands B.V. and co-founder of Edge Impulse Inc. “Together, we enable faster development of scalable AI applications.”

    The Apollo510 has earned recognition across the industry, including winning the Embedded World’s Best Hardware award in 2024 and being named the 2025 IoT Semiconductor Solution of the Year by IoT Breakthrough.

    Developers can get started today with access to Edge Impulse development tools for the Apollo510.

    About Ambiq

    Our mission is to enable intelligence (artificial intelligence (AI) and beyond) everywhere by delivering the lowest power semiconductor solutions. We enable our customers to deliver artificial intelligence compute at the edge where power consumption challenges are the most profound. Our technology innovations, built on the patented and proprietary subthreshold power optimized technology (SPOT), fundamentally deliver a multi-fold improvement in power consumption over traditional semiconductor designs. We’ve powered over 270 million devices today. For more information, visit www.ambiq.com.

    Contact
    Charlene Wan 
    VP of Corporate Marketing and Investor Relations
    cwan@ambiq.com 
    +1.512.879.2850

    Edge Impulse is a trademark or registered trademark of EdgeImpulse, Inc.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d5daad4d-2539-470b-b407-2fbe6c03bc92

    The MIL Network –

  • MIL-OSI United Kingdom: UKSPF programmes to help Prestonians

    Source: City of Preston

    1 July 2025

    Activities to help and support Prestonians across a range of programmes is being funded via UK Government’s Shared Prosperity Fund (UKSPF).

    The Government announced in December 2024 there would be £900m available across the UK as transitional funding for an extra year of activities for 2025/26 after the 2022/2025 funding programme closed.

    Our goal is to deliver a wide-reaching and impactful programme of activities that will build pride of place in Preston and increase life chances in the city, in line with the overall goals of the UKSPF. This will be delivered via three investment priorities, as defined by Government:

    1. Communities and Place
    2. Supporting local business
    3. People and skills

    Councillor Matthew Brown, Leader at Preston City Council, said:

    “Thanks to UKSPF funding, we’ve equipped people and local businesses across Preston with essential support and skills that have a huge impact on all our communities.

    “This extra funding will enable us to invest in the future of the city despite other financial challenges the Council faces.

    “It’s about giving people the tools they need to succeed, building a fairer and more democratic Preston economy, and revitalising our communities to build a more inclusive, connected, and resilient Preston for the future.”

    More information

    A table of 2025/26 programme activity for Preston is provided at the end of this article.

    • The fund aims to support local communities and businesses across the UK, and will contribute to the delivery of the government’s Five Missions:
    • Mission 1 (M1): Kickstart economic growth  
    • Mission 2 (M2): Make Britain a clean energy superpower 
    • Mission 3 (M3): Take back our streets 
    • Mission 4 (M4): Break down barriers to opportunity 
    • Mission 5 (M5): Build an NHS fit for the future

    About UKSPF

    The UK Shared Prosperity Fund (UKSPF) is a fund allocated by the UK Government and managed by local authorities in partnership with local stakeholders.

    Lancashire Combined County Authority (LCCA) was awarded a total of £21,748,007 for 2025/6 enabling projects and initiatives to continue for another year across the county. Preston City Council’s allocation was £2,462,651.

    UKSPF programme 2025/26 under revised themes and sub-themes

    Priority 1 – Communities and Place

    Sub-theme – Health and Wellbeing Programme and Inclusivity

    1. Community Programme, including:

    • Volunteering and community grants
    • Youth Strategy
    • Sport
    • Tree planting
    • Digital Connectivity

    Sub-theme – Development of visitor economy

    2. City Events Programme

    Sub-theme – Reduce crime and fear of crime

    3. City Safety

    • City centre lighting
    • Community safety initiatives
    • Parks enhancements

    Priority 2 – Supporting local businesses

    Theme – Support for Businesses

    Sub-theme – Advice and support to business

    1. Preston Business Support programme, including:

    • Innovation & Technology business support
    • Kickstart and Pre-Start up support

    2. Innovation Programme

    • Business research & development programme
    • Decarbonisation support

    3. Community Business support

    • Sustainable Transport
    • Green Energy
    • Supporting Preston Democratic Economy

    Priority 3 – People and Skills

    Theme – Employability

    Sub-theme – Supporting people in and towards employment

    1. Preston Employability Programme

    • Support for those not in education, employment or training (NEET)
    • Breaking down barriers to employment
    • Improving Life Chances learning and skills

    Theme – Skills

    Sub-theme – Employment related skills

    1. Preston Skills Programme

    • Green energy skills
    • Numeracy skills

    MIL OSI United Kingdom –

  • MIL-OSI: FWF by AROBS named UiPath Fast Track Partner for Agentic Automation

    Source: GlobeNewswire (MIL-OSI)

    LONDON, July 01, 2025 (GLOBE NEWSWIRE) — FWF, part of the AROBS Group (BVB: AROBS) and specialised in intelligent process automation, has been recognised by UiPath (NYSE: PATH), a global leader in agentic automation, as an Agentic Automation Fast Track Partner. This distinction recognises FWF for AROBS’s commitment to being at the forefront of innovation in enterprise automation, building on Robotic Process Automation and leveraging the capabilities of Agentic AI. It also confirms the AROBS Group’s strategic focus on investing in technologies that fundamentally transform how organisations operate.

    “We are honored and proud that FWF by AROBS has been named a UiPath Agentic Automation Fast Track Partner — a recognition that underscores both our advanced technical expertise and the strategic evolution of AROBS Group’s capabilities in intelligent automation. FWF by AROBS is playing a key role in expanding our group’s portfolio of next-generation enterprise solutions — from finance and healthcare to logistics and compliance — by delivering scalable automation with real business impact. As we step into a new era of agentic systems, this recognition from UiPath is also a signal to our clients and shareholders: AROBS is building one of the strongest automation and AI expertise in the region, with the capacity to lead transformations across industries,” stated Voicu Oprean, Founder and CEO of AROBS.

    The Agentic Automation Fast Track program, launched by UiPath in early 2025, includes a select group of global partners who actively contribute to the development and testing of UiPath’s latest solutions – as AI Agent Builder, and UiPath Maestro, within a collaborative framework.

    “This partnership marks an important step in our evolution and supports our goal of delivering automation solutions that drive real organisational change. This way, digital transformation initiatives translate more rapidly into concrete and sustainable results, with a direct impact on operational efficiency and decision-making speed,” stated Marius Bene, CEO of FWF by AROBS.

    While traditional RPA automates repetitive tasks, the UiPath Agentic Automation Platform introduces AI agents that understand context, analyse unstructured data, and make autonomous decisions with minimal human input. FWF by AROBS is proud to be recognised alongside global players such as Accenture, Deloitte, and IBM, and brings a unique perspective to its UK and European customer base that is rooted in and customised with precision to address specific regional market needs and business challenges.

    About AROBS: AROBS is the largest publicly listed technology company in Romania, with offices in 10 countries. It provides software services and solutions in areas such as embedded systems – Automotive, Aerospace, Maritime, and Medical, as well as Travel Technology, IoT, Clinical Trials, Fintech, Enterprise Solutions, Cybersecurity, and Intelligent Automation for international customers in UK, Europe, North America and Asia. Learn more at www.arobs.com.

    About FWF by AROBS: The company specializes in intelligent automation solutions, with a strong portfolio of projects in banking, telecom, professional services, and public administration across the UK, Germany, and Eastern Europe. Learn more at www.fwfcompany.com.

    A photo accompanying this announcement is available here: https://www.globenewswire.com/NewsRoom/AttachmentNg/790a8627-6a3d-4047-ac03-10c362d18b28

    The MIL Network –

  • MIL-OSI: Synchronoss Joins Russell 2000 Index, Solidifying Position as a Leading Small-Cap SaaS Company

    Source: GlobeNewswire (MIL-OSI)

    BRIDGEWATER, N.J., July 01, 2025 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (“Synchronoss”) (NASDAQ: SNCR), a global leader and innovator in personal cloud platforms, today announced that the company has joined the Russell 2000® Index, effective upon the U.S. market open on June 30, 2025.

    Prior to its inclusion in the Russell 2000 Index, Synchronoss had completed a strategic transformation to become a leading global cloud solutions provider, resulting in a more predictable, stable business model while delivering improved profitability. In the first quarter of 2025, the Company continued to deliver strong financial performance consistent with results seen throughout 2024.

    “We’re pleased to see our operational and strategic progress recognized with our addition to the Russell 2000,” said Jeff Miller, President and CEO of Synchronoss. “We believe that we have a significantly more resilient and predictable model after the conclusion of our pivot to a high-margin, Cloud-only SaaS business, and are well positioned to generate attractive returns for our stakeholders going forward.”

    For more information on the Russell 2000® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

    About Synchronoss
    Synchronoss Technologies (Nasdaq: SNCR), a global leader in personal Cloud solutions, empowers service providers to establish secure and meaningful connections with their subscribers. Our SaaS Cloud platform simplifies onboarding processes and fosters subscriber engagement using artificial intelligence (AI), machine learning and other advanced features, resulting in enhanced revenue streams, reduced expenses, and faster time-to-market. Millions of subscribers trust Synchronoss to safeguard their most cherished memories and important digital content. Explore how our Cloud-focused solutions redefine the way you connect with your digital world at www.synchronoss.com.

    About FTSE Russell
    An LSEG Business, FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

    FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit FTSE Russell.

    Media Relations Contact:
    Domenick Cilea
    Springboard
    dcilea@springboardpr.com

    Investor Relations Contact:
    Ryan Gardella
    ICR INC.
    ryan.gardella@icrinc.com

    The MIL Network –

  • MIL-OSI: Bishop Street Underwriters Acquires Aerospace Insurance Managers from Hallmark Financial

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — Bishop Street Underwriters (“Bishop Street”), a RedBird Capital Partners portfolio company, today announced that it has acquired Aerospace Insurance Managers (“AIM”), a general aviation insurance services provider, from Hallmark Financial (“Hallmark”). This acquisition marks Bishop Street’s entry into the aviation insurance market, strengthening its differentiated MGA platform with an expanded portfolio of specialized client solutions. Financial terms of the deal were not disclosed.

    AIM provides general aviation coverage for aircraft hull, aircraft and airport liability, with a focus on small aircrafts flown for pleasure or business, as well as hangar owners, FBO operators, private and municipal airports, and flight school and charter operators. Operating across 47 states, AIM will benefit from the resources and commitment to underwriting profitability offered by the Bishop Street platform, enabling improved service quality for clients and new business expansion opportunities. AIM’s 16-person team will continue to offer A+ rated coverage and be led by Sean Kelley, Vice President – Chief Underwriting Officer, and Randy Kasen, Vice President – Business Development and Operations, providing quality underwriting services to clients across the country.

    “AIM is entering an exciting new chapter, powered by access to new strategic partners and capital resources,” said Sean Kelley. “Joining the Bishop Street platform significantly strengthens our team’s capabilities, allowing us to expand our reach and positioning us to grow our business while continuing to provide top-tier client service.”

    Randy Kasen added, “Bishop Street has created a strong home base for operators like us, who provide tailored services to specific audiences and want access to a wider spectrum of resources and business development opportunities. The team’s commitment to innovation and growth couldn’t be more complementary to our goals for the future of AIM, and we look forward to seeing what comes next.”

    “We are pleased to welcome AIM to Bishop Street, maintaining our positive momentum and setting the stage for our continued expansion,” said Chad Weber, President of Bishop Street. “The team brings specialized expertise, strong capacity partners and an excellent reputation to our platform, further diversifying our portfolio and advancing our commitment to aligning with the best of the best in the insurance industry.”

    Mike Zabik, Partner of RedBird Capital, said, “The acquisition of AIM adds another high-performing, niche insurance provider to the portfolio to complement the firm’s existing business lines and create opportunities to continue scaling Bishop Street’s unique platform. Bishop Street continues to grow rapidly, fueled by opportunistic acquisitions and a unique ability to execute on strategic lift outs of specialty underwriting teams. Following the acquisition of AIM, Bishop Street has successfully completed three carrier carveouts in less than two years.”

    This acquisition follows a series of key strategic developments for Bishop Street, including the acquisitions of Landmark Underwriting, Ethos Specialty’s Transactional Liability unit, Conifer Insurance Services, Ahoy!, an investment in Verve Services and the establishment of partnerships with Skyward Specialty Insurance and Topsail Re.

    Raymond James & Associates, Inc. served as the exclusive financial advisor and Olshan Frome Wolosky LLP provided legal counsel to Hallmark. Fried, Frank, Harris, Shriver & Jacobson LLP and McDermott Will & Emery LLP provided legal counsel to Bishop Street Underwriters.

    About Bishop Street
    Bishop Street Underwriters, a RedBird Capital portfolio company, seeks to partner with Managing General Agents (“MGAs”) as well as niche underwriting teams. Bishop Street aims to combine their best-in-class (re)insurance executive team’s vision with RedBird’s strong track record, expertise and network in the financial services sector to build a differentiated platform that is uniquely positioned to capitalize on secular growth tailwinds in the industry. For more information, please go to www.bishopstreetuw.com.

    About RedBird Capital Partners
    RedBird Capital Partners is a private investment firm that builds high-growth companies with strategic capital solutions to founders and entrepreneurs. The firm currently manages $12 billion in assets on behalf of a global group of blue chip institutional and family office investors. Founded in 2014 by Gerry Cardinale, RedBird integrates sophisticated private equity investing with a hands-on business building mandate that focuses on three core industry verticals – Financial Services, Sports and Media & Entertainment. Over his 30-year investment career, Cardinale has partnered with founders and entrepreneurs to build some of the most iconic growth companies in their respective industries. For more information, please go to www.redbirdcap.com.

    Media Contacts
    Bishop Street 
    Dan Gagnier
    Gagnier Communications
    bishopstreet@gagnierfc.com
    646.569.5897

    The MIL Network –

  • MIL-OSI: Bishop Street Underwriters Acquires Aerospace Insurance Managers from Hallmark Financial

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — Bishop Street Underwriters (“Bishop Street”), a RedBird Capital Partners portfolio company, today announced that it has acquired Aerospace Insurance Managers (“AIM”), a general aviation insurance services provider, from Hallmark Financial (“Hallmark”). This acquisition marks Bishop Street’s entry into the aviation insurance market, strengthening its differentiated MGA platform with an expanded portfolio of specialized client solutions. Financial terms of the deal were not disclosed.

    AIM provides general aviation coverage for aircraft hull, aircraft and airport liability, with a focus on small aircrafts flown for pleasure or business, as well as hangar owners, FBO operators, private and municipal airports, and flight school and charter operators. Operating across 47 states, AIM will benefit from the resources and commitment to underwriting profitability offered by the Bishop Street platform, enabling improved service quality for clients and new business expansion opportunities. AIM’s 16-person team will continue to offer A+ rated coverage and be led by Sean Kelley, Vice President – Chief Underwriting Officer, and Randy Kasen, Vice President – Business Development and Operations, providing quality underwriting services to clients across the country.

    “AIM is entering an exciting new chapter, powered by access to new strategic partners and capital resources,” said Sean Kelley. “Joining the Bishop Street platform significantly strengthens our team’s capabilities, allowing us to expand our reach and positioning us to grow our business while continuing to provide top-tier client service.”

    Randy Kasen added, “Bishop Street has created a strong home base for operators like us, who provide tailored services to specific audiences and want access to a wider spectrum of resources and business development opportunities. The team’s commitment to innovation and growth couldn’t be more complementary to our goals for the future of AIM, and we look forward to seeing what comes next.”

    “We are pleased to welcome AIM to Bishop Street, maintaining our positive momentum and setting the stage for our continued expansion,” said Chad Weber, President of Bishop Street. “The team brings specialized expertise, strong capacity partners and an excellent reputation to our platform, further diversifying our portfolio and advancing our commitment to aligning with the best of the best in the insurance industry.”

    Mike Zabik, Partner of RedBird Capital, said, “The acquisition of AIM adds another high-performing, niche insurance provider to the portfolio to complement the firm’s existing business lines and create opportunities to continue scaling Bishop Street’s unique platform. Bishop Street continues to grow rapidly, fueled by opportunistic acquisitions and a unique ability to execute on strategic lift outs of specialty underwriting teams. Following the acquisition of AIM, Bishop Street has successfully completed three carrier carveouts in less than two years.”

    This acquisition follows a series of key strategic developments for Bishop Street, including the acquisitions of Landmark Underwriting, Ethos Specialty’s Transactional Liability unit, Conifer Insurance Services, Ahoy!, an investment in Verve Services and the establishment of partnerships with Skyward Specialty Insurance and Topsail Re.

    Raymond James & Associates, Inc. served as the exclusive financial advisor and Olshan Frome Wolosky LLP provided legal counsel to Hallmark. Fried, Frank, Harris, Shriver & Jacobson LLP and McDermott Will & Emery LLP provided legal counsel to Bishop Street Underwriters.

    About Bishop Street
    Bishop Street Underwriters, a RedBird Capital portfolio company, seeks to partner with Managing General Agents (“MGAs”) as well as niche underwriting teams. Bishop Street aims to combine their best-in-class (re)insurance executive team’s vision with RedBird’s strong track record, expertise and network in the financial services sector to build a differentiated platform that is uniquely positioned to capitalize on secular growth tailwinds in the industry. For more information, please go to www.bishopstreetuw.com.

    About RedBird Capital Partners
    RedBird Capital Partners is a private investment firm that builds high-growth companies with strategic capital solutions to founders and entrepreneurs. The firm currently manages $12 billion in assets on behalf of a global group of blue chip institutional and family office investors. Founded in 2014 by Gerry Cardinale, RedBird integrates sophisticated private equity investing with a hands-on business building mandate that focuses on three core industry verticals – Financial Services, Sports and Media & Entertainment. Over his 30-year investment career, Cardinale has partnered with founders and entrepreneurs to build some of the most iconic growth companies in their respective industries. For more information, please go to www.redbirdcap.com.

    Media Contacts
    Bishop Street 
    Dan Gagnier
    Gagnier Communications
    bishopstreet@gagnierfc.com
    646.569.5897

    The MIL Network –

  • MIL-OSI: Duos Technologies added to Russell Microcap® Index

    Source: GlobeNewswire (MIL-OSI)

    JACKSONVILLE, Fla., July 01, 2025 (GLOBE NEWSWIRE) — Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), was added as a member of the Russell Microcap® Index, effective after the US market opened on June 30 as part of the 2025 Russell indexes reconstitution, according to the FTSE Russell website.

    The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Wednesday, April 30th, ranking them by total market capitalization. Membership in the Russell Microcap® Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

    “Being included in the Russell Microcap® Index marks a significant achievement for Duos and reflects the growing momentum behind our strategic initiatives,” said Adrian Goldfarb, Chief Financial Officer of Duos. “This inclusion increases our visibility with institutional investors and highlights the progress we’ve made in building a financially disciplined, innovation-driven company. With strong traction across our core AI inspection business and the expanding potential of Duos Edge AI, particularly in deploying scalable edge data centers to underserved markets, we’re well-positioned for long-term growth and look forward to engaging a broader investor base.”

    Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Russell’s US indexes serve as the benchmark for about $10.6 trillion in assets as of the close of June 2024. Russell indexes are part of FTSE Russell, the global index provider.

    For more information on the Russell Microcap® Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

    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 www.duostech.com , www.duosedge.ai and www.duosenergycorp.com.

    About FTSE Russell, an LSEG Business
    FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

    A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

    FTSE Russell is wholly owned by London Stock Exchange Group. 

    For more information, visit FTSE Russell.

    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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b55faf3b-a6e9-4b1e-8c1f-6ccb0ea91bc4.

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

    The MIL Network –

  • MIL-OSI: Mahindra Selects Cerence Audio AI to Power In-Car Voice Interaction in its Electric Origin SUVs

    Source: GlobeNewswire (MIL-OSI)

    BURLINGTON, Mass., July 01, 2025 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global industry leader in AI for transportation, today announced that Mahindra has selected Cerence Audio AI to enhance in-car interaction in its next-generation, electric, software-defined vehicles (SDVs), the first of their kind produced by an Indian automobile manufacturer.

    In November 2024, at the Unlimit India event in Chennai, Mahindra unveiled its electric-origin SUVs – BE 6 and XEV 9e, underpinned by the MAIA (Mahindra Artificial Intelligence Architecture), the most powerful mind in the automotive world built on next-gen domain architecture with ethernet backbone. MAIA integrates cutting-edge hardware and software to deliver an intelligent, connected, and personalized driving experience.

    Mahindra’s eSUV’s Artificial Intelligence Architecture will leverage Cerence Speech Signal Enhancement (SSE), part of the company’s Audio AI suite, to enable clear communication between drivers and passengers and the infotainment system. Cerence SSE delivers the latest in AI-based speech enhancement technology with advanced acoustic processing, including noise and echo cancelation. It combines advanced statistical signal processing algorithms with the latest machine learning technologies to provide superior performance with moderate CPU consumption. Cerence SSE is a comprehensive, hardware- and operating system-agnostic suite of sound processing technologies that significantly improve communication and recognition in noisy environments like in a moving car – particularly critical in India’s noisy road conditions.

    R. Velusamy, President – Automotive Product Development, Mahindra & Mahindra Ltd. and Joint Managing Director, Mahindra Electric Automobile Limited, said, “With the enhanced connectivity provided through MAIA, vehicle occupants will have incredible access to content and features on the road. Cerence SSE makes these content and features accessible, regardless of noisy driving conditions. By partnering with Cerence AI and leveraging their Audio AI solutions, we are ensuring that our electric origin SUVs hear drivers and passengers correctly and start each human-to-infotainment interaction off on the right foot, further enhancing the in-car experience.”

    “Cerence Speech Signal Enhancement is the foundation of meaningful interaction in the car, decreasing noise and therefore increasing the assistant’s ability to understand the user,” said Nils Schanz, EVP, Product & Technology, Cerence AI. “Accuracy of interactions and the assistant’s ability to understand what is being asked are critical to driving long-term usage and adoption of in-car assistants, and we are proud to partner with Mahindra to help create this with their drivers and passengers.”

    Cerence AI is a leading provider of automotive speech enhancement solutions for voice communication and advanced multi-zone voice assistants for automakers worldwide. In addition to its comprehensive suite of Audio AI solutions, the company also offers comprehensive qualification and certification services according to ITU-T and third-party requirements for hands-free solutions and voice assistants.

    For more information about Cerence’s Audio Ai suite, visit www.cerence.ai/cerence-products/audio-ai. To learn more about Cerence AI, visit www.cerence.ai, and follow the company on LinkedIn.

    About Cerence Inc.
    Cerence Inc. (NASDAQ: CRNC) is a global industry leader in creating intuitive, seamless, AI-powered experiences across automotive and transportation. Leveraging decades of innovation and expertise in voice, generative AI, and large language models, Cerence powers integrated experiences that create safer, more connected, and more enjoyable journeys for drivers and passengers alike. With more than 525 million cars shipped with Cerence technology, the company partners with leading automakers, transportation OEMs, and technology companies to advance the next generation of user experiences. Cerence is headquartered in Burlington, Massachusetts, with operations globally and a worldwide team dedicated to pushing the boundaries of AI innovation. For more information, visit www.cerence.ai.

    Contact Information
    Kate Hickman | Tel: 339-215-4583 | Email: kate.hickman@cerence.com

    The MIL Network –

  • MIL-OSI: CareCloud Confirms ICFR Attestation Requirement Following $85.1 Million Public Float Milestone; Launches Audit Firm Search

    Source: GlobeNewswire (MIL-OSI)

    SOMERSET, N.J., July 01, 2025 (GLOBE NEWSWIRE) — CareCloud, Inc. (Nasdaq: CCLD, CCLDO) (“CareCloud” or the “Company”), a leader in AI-driven healthcare technology solutions for medical practices and health systems nationwide, today announced that it has surpassed the accelerated filer threshold with a public float of $85.1 million as of the market close on June 30, 2025. This achievement triggers a new compliance benchmark under SEC regulations—specifically, the inclusion of an auditor attestation of the Company’s Internal Control over Financial Reporting (“ICFR”) in accordance with Section 404(b) of the Sarbanes-Oxley Act.

    “This milestone is a powerful validation of CareCloud’s growth trajectory, investor confidence, and long-term market position,” said Stephen Snyder, Co-CEO of CareCloud. “We are entering this next phase with energy and focus, reinforcing our commitment to rigorous compliance, operational excellence, and world-class corporate governance.”

    The Company’s current audit firm notified CareCloud that it does not have the capacity to perform the ICFR attestation. Because SEC rules require the same audit firm to conduct both the financial statement audit and the ICFR attestation, a change in auditors is likely necessary.

    To ensure full regulatory compliance and timely filing, CareCloud has launched a formal process to engage a new audit firm capable of delivering the full scope of services required for fiscal year 2025.

    The Company will provide an update as soon as a new audit firm is selected and engaged.

    About CareCloud

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

    Follow CareCloud on LinkedIn, X and Facebook.

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

    Disclaimer

    This press release is for information purposes only and does not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

    Forward-Looking Statements

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

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

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

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

    SOURCE: CareCloud

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

    Investor Contact:
    Stephen Snyder 
    Co-Chief Executive Officer 
    CareCloud, Inc. 
    ir@carecloud.com 

    The MIL Network –

  • MIL-OSI: CareCloud Confirms ICFR Attestation Requirement Following $85.1 Million Public Float Milestone; Launches Audit Firm Search

    Source: GlobeNewswire (MIL-OSI)

    SOMERSET, N.J., July 01, 2025 (GLOBE NEWSWIRE) — CareCloud, Inc. (Nasdaq: CCLD, CCLDO) (“CareCloud” or the “Company”), a leader in AI-driven healthcare technology solutions for medical practices and health systems nationwide, today announced that it has surpassed the accelerated filer threshold with a public float of $85.1 million as of the market close on June 30, 2025. This achievement triggers a new compliance benchmark under SEC regulations—specifically, the inclusion of an auditor attestation of the Company’s Internal Control over Financial Reporting (“ICFR”) in accordance with Section 404(b) of the Sarbanes-Oxley Act.

    “This milestone is a powerful validation of CareCloud’s growth trajectory, investor confidence, and long-term market position,” said Stephen Snyder, Co-CEO of CareCloud. “We are entering this next phase with energy and focus, reinforcing our commitment to rigorous compliance, operational excellence, and world-class corporate governance.”

    The Company’s current audit firm notified CareCloud that it does not have the capacity to perform the ICFR attestation. Because SEC rules require the same audit firm to conduct both the financial statement audit and the ICFR attestation, a change in auditors is likely necessary.

    To ensure full regulatory compliance and timely filing, CareCloud has launched a formal process to engage a new audit firm capable of delivering the full scope of services required for fiscal year 2025.

    The Company will provide an update as soon as a new audit firm is selected and engaged.

    About CareCloud

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

    Follow CareCloud on LinkedIn, X and Facebook.

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

    Disclaimer

    This press release is for information purposes only and does not constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

    Forward-Looking Statements

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

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

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

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

    SOURCE: CareCloud

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

    Investor Contact:
    Stephen Snyder 
    Co-Chief Executive Officer 
    CareCloud, Inc. 
    ir@carecloud.com 

    The MIL Network –

  • MIL-OSI: Regula Powers Ecuador’s Plan to Modernize Every Border – From Airports to Maritime Ports

    Source: GlobeNewswire (MIL-OSI)

    RESTON, Va., July 01, 2025 (GLOBE NEWSWIRE) — Ecuador’s border control authorities have significantly enhanced their identity verification capabilities by deploying a suite of advanced document examination devices from Regula. The nationwide upgrade, supported by the International Organization for Migration (IOM) and local partner INSETK, brings automation, precision, and speed to the country’s border checkpoints, which collectively process nearly 1.5 million travelers annually.

    The project is a major step in Ecuador’s mission to modernize all land, air, and maritime entry points, including key international airports in Quito and Guayaquil, as well as northern and southern border crossings. These strategic locations now benefit from Regula’s advanced forensic devices, which enable fast and reliable detection of fraudulent documents—critical in the fight against identity-related crime.

    The immigration officers of Ecuador during the training on how to effectively use Regula’s devices

    Closing the gap with a set of forensic devices

    Previously, document checks at Ecuador border crossings were largely manual and supported by outdated equipment, often handled by just two officers per site. This made the process slow, error-prone, and vulnerable to sophisticated fraud.

    To address this, Ecuador’s border checkpoints were equipped with the following Regula solutions:

    • Regula 4308 at Quito International Airport: Ideal for high-traffic airports, this dual-video spectral comparator supports the full spectrum of light sources and optical filters. It also offers high-quality image capture capabilities thanks to its up to 320x optical zoom and up to 140,000 ppi resolution. As a result, border officers can thoroughly inspect all of the ID security features, including printing techniques, holograms, optically variable inks, and more.
    • Regula 4306 at Guayaquil International Airport and major land borders: A space-saving device with an 8 MP high-resolution camera and over 40 LED light sources for analyzing document authenticity, just like its counterpart, the Regula 4308.
    • Regula 4205D at frontline checkpoints: A multi-functional device tailored for primary control zones. It includes 12 light sources, automated cross-checks, and up to 30x on-screen magnification for thorough document authentication.
    • Regula 8333M at mobile checkpoints: Designed for remote or non-standard border control situations, such as processing charter flights or cruise ship passengers, this compact mobile document reader ensures that ID checks remain reliable and consistent outside traditional migration offices.

    Regula’s video spectral comparators are controlled via Regula Forensic Studio (RFS), a cross-platform software solution for advanced document checks. It enables precise measurements, image comparison, report generation, and scripted workflows for faster, consistent inspections. With RFS, officers can also verify MRZs, RFID chips, barcodes, and IPI—all without extra tools. For deeper document examination, border control officers have real-time access to Regula’s Information Reference System (IRS), which provides synchronized reference images and lighting presets for fast, precise comparison of travel documents.

    RFS also integrates with Regula Document Reader SDK to automate travel document verification and prevent fraud through data cross-verification and robust authenticity checks. Importantly, Regula’s software is backed by its proprietary identity document template database—the world’s largest—featuring over 15,000 templates from 252 countries and territories, ensuring reliable validation at border checkpoints.

    Trusted results, faster than ever

    Since implementing Regula’s solutions, Ecuadorian border control authorities have noticed notable improvements:

    • Document authentication now takes minutes instead of hours.
    • Detection of forged documents has significantly increased.
    • Automation reduces human error and increases operational efficiency.
    • Officers have more time to focus on complex cases and decision-making.

    “Apart from the technology upgrade and fraud detection improvement at the border crossings, our collaboration with Regula demonstrated another success. The project was fulfilled very smoothly. From the beginning, we’ve received full support from Regula’s team—they were always ready to help with any issue, even those caused by users on the ground. It’s definitely a level of service that makes a real difference,” says Diego Calderon, Chief Executive Officer at INSETK.

    “Border security is where precision, speed, and trust must converge. We’re proud to support Ecuador in modernizing its checkpoints with tools that meet forensic standards while being easy to use in the field. This project shows how technology can turn critical inspection tasks from time-consuming to streamlined, without compromising security,” comments Arif Mamedov, CEO at Regula Forensics, Inc.

    To learn more about Ecuador’s improved border security through advanced identity verification, visit Regula’s website for the full case study.

    About Regula

    Regula is a global developer of forensic devices and identity verification solutions. With our 30+ years of experience in forensic research and the most comprehensive library of document templates in the world, we create breakthrough technologies for document and biometric verification. Our hardware and software solutions allow over 1,000 organizations and 80 border control authorities globally to provide top-notch client service without compromising safety, security, or speed. Regula has been repeatedly named a Representative Vendor in the Gartner® Market Guide for Identity Verification.

    Learn more at www.regulaforensics.com.

    Contact:
    Kristina – ks@regula.us

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cc26d929-dfe7-4c8c-bb73-16cfd4680292

    The MIL Network –

  • MIL-OSI: Richtech Robotics Announces Inclusion in US small-cap Russell 2000® and Russell 3000® Indices

    Source: GlobeNewswire (MIL-OSI)

    The addition highlights the company’s commitment to delivering long-term shareholder value and driving positive impact through AI-driven robotics

    LAS VEGAS, July 01, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, announces that it has been added to the US small-cap Russell 2000® Index. The inclusion, which took effect after the US market closed on June 27, 2025, was a result of the 2025 Russell Indexes reconstitution. The Russell 2000 Index is a subset of the Russell 3000® Index which is designed to represent approximately 98% of the investable US equity market. It includes approximately 2,000 of the smallest securities based on a combination of their market capitalization and current index membership.

    “Our inclusion in the Russell 2000® and Russell 3000® indices reflects the growing recognition of Richtech Robotics’ leadership in AI and automation,” said Matt Casella, President of Richtech Robotics. “We believe that this milestone underscores rising investor confidence in our vision and validates the significant progress we’ve made with our Titan, Adam, and Scorpion robots. We see this as a launchpad to accelerate innovation, scale strategic partnerships, and expand our market presence as we work to define the future of service robotics.”

    Membership in the Russell 2000® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index. The Company’s stock will also be automatically added to the appropriate growth and value indexes.

    For more information on the Russell 2000® and Russell 3000® Indexes and the Russell indexes reconstitution, visit the “Russell Reconstitution” section on the FTSE Russell website.

    About Richtech Robotics

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

    Forward Looking Statements

    Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the Richtech Robotics’ leadership in AI and automation and investor confidence in Richtech Robotics.

    These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to Richtech Robotics’ products, industry and general economic and market conditions. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K/A, filed with the SEC on March 4, 2025, the IPO Registration Statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

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

    Contact:

    Investors:
    CORE IR
    Matt Blazei
    ir@richtechrobotics.com

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

    The MIL Network –

  • MIL-OSI: Richtech Robotics Announces Inclusion in US small-cap Russell 2000® and Russell 3000® Indices

    Source: GlobeNewswire (MIL-OSI)

    The addition highlights the company’s commitment to delivering long-term shareholder value and driving positive impact through AI-driven robotics

    LAS VEGAS, July 01, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, announces that it has been added to the US small-cap Russell 2000® Index. The inclusion, which took effect after the US market closed on June 27, 2025, was a result of the 2025 Russell Indexes reconstitution. The Russell 2000 Index is a subset of the Russell 3000® Index which is designed to represent approximately 98% of the investable US equity market. It includes approximately 2,000 of the smallest securities based on a combination of their market capitalization and current index membership.

    “Our inclusion in the Russell 2000® and Russell 3000® indices reflects the growing recognition of Richtech Robotics’ leadership in AI and automation,” said Matt Casella, President of Richtech Robotics. “We believe that this milestone underscores rising investor confidence in our vision and validates the significant progress we’ve made with our Titan, Adam, and Scorpion robots. We see this as a launchpad to accelerate innovation, scale strategic partnerships, and expand our market presence as we work to define the future of service robotics.”

    Membership in the Russell 2000® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index. The Company’s stock will also be automatically added to the appropriate growth and value indexes.

    For more information on the Russell 2000® and Russell 3000® Indexes and the Russell indexes reconstitution, visit the “Russell Reconstitution” section on the FTSE Russell website.

    About Richtech Robotics

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

    Forward Looking Statements

    Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the Richtech Robotics’ leadership in AI and automation and investor confidence in Richtech Robotics.

    These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to Richtech Robotics’ products, industry and general economic and market conditions. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K/A, filed with the SEC on March 4, 2025, the IPO Registration Statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

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

    Contact:

    Investors:
    CORE IR
    Matt Blazei
    ir@richtechrobotics.com

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

    The MIL Network –

  • MIL-OSI: Richtech Robotics Announces Inclusion in US small-cap Russell 2000® and Russell 3000® Indices

    Source: GlobeNewswire (MIL-OSI)

    The addition highlights the company’s commitment to delivering long-term shareholder value and driving positive impact through AI-driven robotics

    LAS VEGAS, July 01, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, announces that it has been added to the US small-cap Russell 2000® Index. The inclusion, which took effect after the US market closed on June 27, 2025, was a result of the 2025 Russell Indexes reconstitution. The Russell 2000 Index is a subset of the Russell 3000® Index which is designed to represent approximately 98% of the investable US equity market. It includes approximately 2,000 of the smallest securities based on a combination of their market capitalization and current index membership.

    “Our inclusion in the Russell 2000® and Russell 3000® indices reflects the growing recognition of Richtech Robotics’ leadership in AI and automation,” said Matt Casella, President of Richtech Robotics. “We believe that this milestone underscores rising investor confidence in our vision and validates the significant progress we’ve made with our Titan, Adam, and Scorpion robots. We see this as a launchpad to accelerate innovation, scale strategic partnerships, and expand our market presence as we work to define the future of service robotics.”

    Membership in the Russell 2000® Index, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index. The Company’s stock will also be automatically added to the appropriate growth and value indexes.

    For more information on the Russell 2000® and Russell 3000® Indexes and the Russell indexes reconstitution, visit the “Russell Reconstitution” section on the FTSE Russell website.

    About Richtech Robotics

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

    Forward Looking Statements

    Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the Richtech Robotics’ leadership in AI and automation and investor confidence in Richtech Robotics.

    These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to Richtech Robotics’ products, industry and general economic and market conditions. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K/A, filed with the SEC on March 4, 2025, the IPO Registration Statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

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

    Contact:

    Investors:
    CORE IR
    Matt Blazei
    ir@richtechrobotics.com

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

    The MIL Network –

  • MIL-OSI: Roper Technologies schedules second quarter 2025 financial results conference call

    Source: GlobeNewswire (MIL-OSI)

    SARASOTA, Fla., July 01, 2025 (GLOBE NEWSWIRE) — Roper Technologies, Inc. (Nasdaq: ROP) announced that its financial results for the second quarter of 2025, ended June 30, 2025, will be released before the market opens on Monday, July 21, 2025. A conference call to discuss these results has been scheduled for 8:00 AM ET on Monday, July 21, 2025. The call can be accessed via webcast or by dialing +1 800-836-8184 (US/Canada) or +1 646-357-8785, using conference call ID 87418. Webcast information and conference call materials will be made available in the Investors section of Roper’s website prior to the start of the call.

    About Roper Technologies

    Roper Technologies is a constituent of the Nasdaq 100, S&P 500, and Fortune 1000. Roper has a proven, long-term track record of compounding cash flow and shareholder value. The Company operates market leading businesses that design and develop vertical software and technology enabled products for a variety of defensible niche markets. Roper utilizes a disciplined, analytical, and process-driven approach to redeploy its excess capital toward high-quality acquisitions. Additional information about Roper is available on the Company’s website at www.ropertech.com.

    Contact information:
    Investor Relations
    941-556-2601
    investor-relations@ropertech.com

    The MIL Network –

  • MIL-OSI: SLR Investment Corp. Schedules the Release of its Financial Results for the Quarter Ended June 30, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 01, 2025 (GLOBE NEWSWIRE) — SLR Investment Corp. (the “Company”) (NASDAQ: SLRC) today announced that it will release its financial results for the quarter ended June 30, 2025 on Tuesday, August 5, 2025 after the close of the financial markets.

    The Company will host an earnings conference call and audio webcast at 10:00 a.m. (Eastern Time) on Wednesday, August 6, 2025.

    All interested parties may participate in the conference call by dialing (800) 245-3047 approximately 5-10 minutes prior to the call, international callers should dial (203) 518-9765. Participants should reference SLR Investment Corp. and Conference ID: SLRC2Q25. A telephone replay will be available until August 20, 2025 and can be accessed by dialing (800) 839-8389. International callers should dial (402) 271-9156.

    This conference call will also be broadcast live over the Internet and can be accessed by all interested parties from the Event Calendar within the “Investors” tab of SLR Investment Corp.’s website, https://slrinvestmentcorp.com/Investors/Event-Calendar. Please register online prior to the start of the call. For those who are not able to listen to the broadcast live, a replay of the webcast will be available soon after the call.

    ABOUT SLR INVESTMENT CORP.

    SLR Investment Corp. is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. A specialty finance company with expertise in several niche markets, the Company primarily invests directly and indirectly in leveraged, U. S. middle market companies in the form of cash flow senior secured loans including first lien and second lien debt instruments and asset-based loans including senior secured loans collateralized on a first lien basis primarily by current assets.

    Contact:

    SLR Investment Corp.
    Richard Pivirotto
    646-308-8770

    The MIL Network –

  • MIL-OSI: SC Capital Holding in Advanced Talks for Strategic Hospitality Acquisition in Cyprus

    Source: GlobeNewswire (MIL-OSI)

    ZUG, Switzerland, July 01, 2025 (GLOBE NEWSWIRE) — Switzerland-based SC Capital Holding AG confirmed today that it is in late-stage discussions to acquire a landmark luxury hotel on the southern coast of Cyprus, marking the firm’s entry into the island nation as part of its growing Mediterranean portfolio.

    “Cyprus offers the confluence of architectural heritage, year-round airlift, and upscale leisure demand that fits perfectly with our value-creation model,” said Simo Chaabani, Chief Executive Officer of SC Capital Holding. “We are targeting properties where targeted investment and operational enhancements can create long-term value for guests and investors alike.”

    Chaabani and a delegation of senior executives completed a series of on-island inspections last week, visiting select assets in Limassol and Paphos. The itinerary focuses on hotels with strong architectural bones, unobstructed beachfront frontage, and expansion potential for low-rise branded residences.

    Building on a Proven Mediterranean Playbook
    The Cypriot pursuit follows SC Capital Holding’s recently announced pipeline in Albania, where the firm is evaluating more than 500 keys across Sarandë and Vlorë. Coupled with active projects in Central Europe, the Cyprus initiative underscores a disciplined regional thesis: acquire under-tapped coastal or city-center assets, inject best-in-class sustainability features, and drive superior RevPAR growth through data-driven revenue management.

    “Our partners understand that hospitality transformations are rarely cosmetic,” Simo Chaabani noted. “We go deep, recasting energy systems, digitizing the guest journey, and hard-wiring ESG metrics into every line item of the business plan. SC Capital Holding’s decades of cumulative hotel experience span corporate banking, hotel asset management, and construction engineering.” Recent projects exceeded energy-efficiency targets while lifting operating margins into the high teens, a performance Simo Chaabani calls “a rehearsal for what we intend to accomplish in Cyprus.”

    This flight was 100% offset with carbon compensation.

    Market Tailwinds Favour Cyprus
    Tourism arrivals to Cyprus surpassed 4.4 million in 2024, approaching pre-pandemic peaks, while average daily rates for five-star hotels climbed 9 percent year-on-year, according to national tourism data. Yet many legacy properties still operate below their potential, lacking the sustainability credentials and brand affiliations required by today’s global traveler.

    “Cyprus sits at the crossroads of Europe, the Middle East, and North Africa, but much of its luxury inventory has stood still,” Simo Chaabani said. “That disconnect between destination appeal and asset performance positions us to create a genuine flagship.”

    Sustainability and Smart-Hotel Technologies at the Core
    Every SC Capital Holding acquisition is evaluated against a proprietary “green conversion roadmap,” which targets:

    • LEED Gold or BREEAM Excellent certification within three years
    • 40 percent renewable-energy adoption via rooftop solar arrays and battery storage
    • 30 percent water-consumption reductions through grey-water recycling and low-flow fixtures
    • 75 percent waste-diversion rates supported by on-site composting and recycling partnerships

    Layered atop these environmental benchmarks is the firm’s Smart-Stay™ technology stack, AI-powered energy management, contactless guest journeys, and predictive maintenance tools that collectively trim utility spending while elevating the guest experience.

    “Efficiency and luxury are not mutually exclusive,” Simo Chaabani asserted. “Our guests will enjoy Ionian Sea views in rooms powered by renewable energy and enhanced with smart technology, that is the future of premium hospitality.”

    “We believe in working closely with local partners and stakeholders,” Simo Chaabani emphasized. “Success depends on aligning with municipal leaders, community stakeholders, and world-class operators who share our commitment to responsible growth.”

    For acquisition proposals or partnership inquiries, contact SC Capital Holding executive reception , to the attention of Mrs Allyson Roscoe, director of deal sourcing : contact@sccapitalholding.ch

    Learn more at: https://sccapitalholding.ch/

    About SC Capital Holding AG
    Headquartered in Zug, Switzerland, SC Capital Holding AG is a privately held investment group specializing in the acquisition, development, and management of hospitality assets across Europe. The firm combines disciplined capital allocation, sustainability leadership, and a technology-first mindset to deliver superior risk-adjusted returns.

    Media Contact
    Company Name: SC Capital Holding
    Contact Person: Allyson Roscoe
    Email: contact@sccapitalholding.ch
    Website: www.sccapitalholding.ch

    Disclaimer: This press release is provided by the SC Capital Holding. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at :

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fe3e461c-1239-4ca6-9b38-d07e5747f66d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c107d9ae-4a08-4fa2-b4b4-a7b2206570b0

    The MIL Network –

  • MIL-OSI: SC Capital Holding in Advanced Talks for Strategic Hospitality Acquisition in Cyprus

    Source: GlobeNewswire (MIL-OSI)

    ZUG, Switzerland, July 01, 2025 (GLOBE NEWSWIRE) — Switzerland-based SC Capital Holding AG confirmed today that it is in late-stage discussions to acquire a landmark luxury hotel on the southern coast of Cyprus, marking the firm’s entry into the island nation as part of its growing Mediterranean portfolio.

    “Cyprus offers the confluence of architectural heritage, year-round airlift, and upscale leisure demand that fits perfectly with our value-creation model,” said Simo Chaabani, Chief Executive Officer of SC Capital Holding. “We are targeting properties where targeted investment and operational enhancements can create long-term value for guests and investors alike.”

    Chaabani and a delegation of senior executives completed a series of on-island inspections last week, visiting select assets in Limassol and Paphos. The itinerary focuses on hotels with strong architectural bones, unobstructed beachfront frontage, and expansion potential for low-rise branded residences.

    Building on a Proven Mediterranean Playbook
    The Cypriot pursuit follows SC Capital Holding’s recently announced pipeline in Albania, where the firm is evaluating more than 500 keys across Sarandë and Vlorë. Coupled with active projects in Central Europe, the Cyprus initiative underscores a disciplined regional thesis: acquire under-tapped coastal or city-center assets, inject best-in-class sustainability features, and drive superior RevPAR growth through data-driven revenue management.

    “Our partners understand that hospitality transformations are rarely cosmetic,” Simo Chaabani noted. “We go deep, recasting energy systems, digitizing the guest journey, and hard-wiring ESG metrics into every line item of the business plan. SC Capital Holding’s decades of cumulative hotel experience span corporate banking, hotel asset management, and construction engineering.” Recent projects exceeded energy-efficiency targets while lifting operating margins into the high teens, a performance Simo Chaabani calls “a rehearsal for what we intend to accomplish in Cyprus.”

    This flight was 100% offset with carbon compensation.

    Market Tailwinds Favour Cyprus
    Tourism arrivals to Cyprus surpassed 4.4 million in 2024, approaching pre-pandemic peaks, while average daily rates for five-star hotels climbed 9 percent year-on-year, according to national tourism data. Yet many legacy properties still operate below their potential, lacking the sustainability credentials and brand affiliations required by today’s global traveler.

    “Cyprus sits at the crossroads of Europe, the Middle East, and North Africa, but much of its luxury inventory has stood still,” Simo Chaabani said. “That disconnect between destination appeal and asset performance positions us to create a genuine flagship.”

    Sustainability and Smart-Hotel Technologies at the Core
    Every SC Capital Holding acquisition is evaluated against a proprietary “green conversion roadmap,” which targets:

    • LEED Gold or BREEAM Excellent certification within three years
    • 40 percent renewable-energy adoption via rooftop solar arrays and battery storage
    • 30 percent water-consumption reductions through grey-water recycling and low-flow fixtures
    • 75 percent waste-diversion rates supported by on-site composting and recycling partnerships

    Layered atop these environmental benchmarks is the firm’s Smart-Stay™ technology stack, AI-powered energy management, contactless guest journeys, and predictive maintenance tools that collectively trim utility spending while elevating the guest experience.

    “Efficiency and luxury are not mutually exclusive,” Simo Chaabani asserted. “Our guests will enjoy Ionian Sea views in rooms powered by renewable energy and enhanced with smart technology, that is the future of premium hospitality.”

    “We believe in working closely with local partners and stakeholders,” Simo Chaabani emphasized. “Success depends on aligning with municipal leaders, community stakeholders, and world-class operators who share our commitment to responsible growth.”

    For acquisition proposals or partnership inquiries, contact SC Capital Holding executive reception , to the attention of Mrs Allyson Roscoe, director of deal sourcing : contact@sccapitalholding.ch

    Learn more at: https://sccapitalholding.ch/

    About SC Capital Holding AG
    Headquartered in Zug, Switzerland, SC Capital Holding AG is a privately held investment group specializing in the acquisition, development, and management of hospitality assets across Europe. The firm combines disciplined capital allocation, sustainability leadership, and a technology-first mindset to deliver superior risk-adjusted returns.

    Media Contact
    Company Name: SC Capital Holding
    Contact Person: Allyson Roscoe
    Email: contact@sccapitalholding.ch
    Website: www.sccapitalholding.ch

    Disclaimer: This press release is provided by the SC Capital Holding. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at :

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fe3e461c-1239-4ca6-9b38-d07e5747f66d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c107d9ae-4a08-4fa2-b4b4-a7b2206570b0

    The MIL Network –

  • MIL-OSI: SC Capital Holding in Advanced Talks for Strategic Hospitality Acquisition in Cyprus

    Source: GlobeNewswire (MIL-OSI)

    ZUG, Switzerland, July 01, 2025 (GLOBE NEWSWIRE) — Switzerland-based SC Capital Holding AG confirmed today that it is in late-stage discussions to acquire a landmark luxury hotel on the southern coast of Cyprus, marking the firm’s entry into the island nation as part of its growing Mediterranean portfolio.

    “Cyprus offers the confluence of architectural heritage, year-round airlift, and upscale leisure demand that fits perfectly with our value-creation model,” said Simo Chaabani, Chief Executive Officer of SC Capital Holding. “We are targeting properties where targeted investment and operational enhancements can create long-term value for guests and investors alike.”

    Chaabani and a delegation of senior executives completed a series of on-island inspections last week, visiting select assets in Limassol and Paphos. The itinerary focuses on hotels with strong architectural bones, unobstructed beachfront frontage, and expansion potential for low-rise branded residences.

    Building on a Proven Mediterranean Playbook
    The Cypriot pursuit follows SC Capital Holding’s recently announced pipeline in Albania, where the firm is evaluating more than 500 keys across Sarandë and Vlorë. Coupled with active projects in Central Europe, the Cyprus initiative underscores a disciplined regional thesis: acquire under-tapped coastal or city-center assets, inject best-in-class sustainability features, and drive superior RevPAR growth through data-driven revenue management.

    “Our partners understand that hospitality transformations are rarely cosmetic,” Simo Chaabani noted. “We go deep, recasting energy systems, digitizing the guest journey, and hard-wiring ESG metrics into every line item of the business plan. SC Capital Holding’s decades of cumulative hotel experience span corporate banking, hotel asset management, and construction engineering.” Recent projects exceeded energy-efficiency targets while lifting operating margins into the high teens, a performance Simo Chaabani calls “a rehearsal for what we intend to accomplish in Cyprus.”

    This flight was 100% offset with carbon compensation.

    Market Tailwinds Favour Cyprus
    Tourism arrivals to Cyprus surpassed 4.4 million in 2024, approaching pre-pandemic peaks, while average daily rates for five-star hotels climbed 9 percent year-on-year, according to national tourism data. Yet many legacy properties still operate below their potential, lacking the sustainability credentials and brand affiliations required by today’s global traveler.

    “Cyprus sits at the crossroads of Europe, the Middle East, and North Africa, but much of its luxury inventory has stood still,” Simo Chaabani said. “That disconnect between destination appeal and asset performance positions us to create a genuine flagship.”

    Sustainability and Smart-Hotel Technologies at the Core
    Every SC Capital Holding acquisition is evaluated against a proprietary “green conversion roadmap,” which targets:

    • LEED Gold or BREEAM Excellent certification within three years
    • 40 percent renewable-energy adoption via rooftop solar arrays and battery storage
    • 30 percent water-consumption reductions through grey-water recycling and low-flow fixtures
    • 75 percent waste-diversion rates supported by on-site composting and recycling partnerships

    Layered atop these environmental benchmarks is the firm’s Smart-Stay™ technology stack, AI-powered energy management, contactless guest journeys, and predictive maintenance tools that collectively trim utility spending while elevating the guest experience.

    “Efficiency and luxury are not mutually exclusive,” Simo Chaabani asserted. “Our guests will enjoy Ionian Sea views in rooms powered by renewable energy and enhanced with smart technology, that is the future of premium hospitality.”

    “We believe in working closely with local partners and stakeholders,” Simo Chaabani emphasized. “Success depends on aligning with municipal leaders, community stakeholders, and world-class operators who share our commitment to responsible growth.”

    For acquisition proposals or partnership inquiries, contact SC Capital Holding executive reception , to the attention of Mrs Allyson Roscoe, director of deal sourcing : contact@sccapitalholding.ch

    Learn more at: https://sccapitalholding.ch/

    About SC Capital Holding AG
    Headquartered in Zug, Switzerland, SC Capital Holding AG is a privately held investment group specializing in the acquisition, development, and management of hospitality assets across Europe. The firm combines disciplined capital allocation, sustainability leadership, and a technology-first mindset to deliver superior risk-adjusted returns.

    Media Contact
    Company Name: SC Capital Holding
    Contact Person: Allyson Roscoe
    Email: contact@sccapitalholding.ch
    Website: www.sccapitalholding.ch

    Disclaimer: This press release is provided by the SC Capital Holding. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at :

    https://www.globenewswire.com/NewsRoom/AttachmentNg/fe3e461c-1239-4ca6-9b38-d07e5747f66d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c107d9ae-4a08-4fa2-b4b4-a7b2206570b0

    The MIL Network –

  • MIL-OSI: MARA Reports June 2025 Bitcoin Production and Mining Operations Update, Issues Mid-Year Outlook

    Source: GlobeNewswire (MIL-OSI)

    Targeting 75 EH/s by Year-End
    211 Blocks Won in June, 25% Decrease M/M
    Increased BTC Holdings* to 49,940 BTC

    Miami, FL, July 01, 2025 (GLOBE NEWSWIRE) — MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a leading digital energy and infrastructure company, today published unaudited bitcoin (“bitcoin” or “BTC”) production updates for June 2025 and provided its hashrate outlook for the full year.

    Management Commentary
    “With 1.7 gigawatts (“GW”) of captive capacity – including 1.1 GW currently operational – and a growth pipeline exceeding 3 GW of low-cost power opportunities, we are targeting 75 exahash by the end of 2025. This target represents over 40% growth from 2024, supported by machine orders already in place,” said Fred Thiel, MARA’s chairman and CEO. “As the largest public bitcoin miner, this goal aligns with both our rapid expansion and commitment to low-cost power with efficient capital deployment.

    “Following a record-breaking May, production in June came in lower, with 211 blocks won for the month. The decrease was primarily due to reduced uptime from weather-related curtailment and the temporary deployment of older machines in Garden City while storm-related damage was being remediated. Natural variability in block luck – an expected dynamic when operating our own mining pool – also contributed.

    “We’re excited to be approaching 50,000 bitcoin, a testament to the scale of our operations and the strength of our strategy. This milestone reflects our disciplined approach to accumulating bitcoin through both mining and strategic purchases, and our continued commitment to building long-term value for our shareholders.”

    Operational Highlights and Updates
    Figure 1: Operational Highlights

        Prior Month Comparison  
    Metric   6/30/2025     5/31/2025     % Δ  
    Number of Blocks Won 1     211       282       (25 )%
    BTC Produced     713       950       (25 )%
    Average BTC Produced per Day     23.8       30.7       (23 )%
    Share of available miner rewards 2     5.4 %     6.5 %     NM  
    Transaction Fees as % of Total 1     1.4 %     1.5 %     NM  
    Energized Hashrate (EH/s) 1     57.4       58.3       (2 )%
    1. These metrics are MARAPool only and do not include blocks won from joint ventures.
    2. Defined as the total amount of block rewards including transaction fees that MARA earned during the period divided by the total amount of block rewards and transaction fees awarded by the Bitcoin network during the period.

    NM – Not Meaningful

    As of June 30, 2025, the Company held a total of 49,940 BTC*. MARA opted not to sell any BTC in June.

    *Includes 15,534 bitcoin that is loaned, pledged as collateral or held in a separately managed account for the benefit of the Company.

    Investor Notice
    Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under the heading “Risk Factors” in our most recent annual report on Form 10-K and any other periodic reports that we may file with the U.S. Securities and Exchange Commission (the “SEC”). If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. See “Forward-Looking Statements” below.

    The operational highlights and updates presented in this press release pertain solely to our bitcoin mining operations. Detailed information regarding our other operations can be found in our periodic reports filed with the SEC. The bitcoin production figures provided are estimates and may be subject to adjustment in our periodic reports filed with the SEC.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the federal securities laws. All statements, other than statements of historical fact, included in this press release are forward-looking statements. The words “may,” “will,” “could,” “anticipate,” “expect,” “intend,” “believe,” “continue,” “target” and similar expressions or variations or negatives of these words are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Such forward-looking statements include, among other things, statements related to our full-year exahash outlook, our growth pipeline and our bitcoin treasury strategy. Such forward-looking statements are based on management’s current expectations about future events as of the date hereof and involve many risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. Subsequent events and developments, including actual results or changes in our assumptions, may cause our views to change. We do not undertake to update our forward-looking statements except to the extent required by applicable law. Readers are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements included herein are expressly qualified in their entirety by these cautionary statements. Our actual results and outcomes could differ materially from those included in these forward-looking statements as a result of various factors, including, but not limited to, the factors set forth under the heading “Risk Factors” in our most recent annual report on Form 10-K, and any other periodic reports that we may file with the SEC.

    About MARA

    MARA (NASDAQ:MARA) deploys digital energy technologies to advance the world’s energy systems. Harnessing the power of compute, MARA transforms excess energy into digital capital, balancing the grid and accelerating the deployment of critical infrastructure. Building on its expertise to redefine the future of energy, MARA develops technologies that reduce the energy demands of high-performance computing applications, from AI to the edge.

    For more information, visit www.mara.com, or follow us on:

    Twitter: @MARA
    LinkedIn: www.linkedin.com/company/maraholdings
    Facebook: www.facebook.com/MARAHoldings
    Instagram: @maraholdingsinc

    MARA Company Contact:
    Telephone: 800-804-1690
    Email: ir@mara.com

    MARA Media Contact:
    Email: mara@wachsman.com

    The MIL Network –

  • MIL-OSI: Columbia Forest Products Streamlines M&A Pipeline with Midaxo

    Source: GlobeNewswire (MIL-OSI)

    BOSTON and GREENSBORO, N.C., July 01, 2025 (GLOBE NEWSWIRE) — Columbia Forest Products, the largest manufacturer of hardwood veneer and hardwood plywood in the U.S., has transformed its M&A operations with Midaxo’s purpose-built deal management platform, complete with seamless Microsoft Outlook integration. The result: a smarter, faster, and more connected pipeline that helps the company scale with both purpose and precision.

    “Our M&A strategy is rooted in values. We’re not just acquiring businesses—we’re giving them a lasting home where employees become part-owners, not just staff,” said Rick Brewer, Vice President of Corporate Development at Columbia Forest Products. “To do that well, we needed smarter tools that fit the way we work. Midaxo’s Outlook Plug-in brought instant visibility and clarity to our pipeline. Now we always know where every deal stands—and what comes next.”

    Previously reliant on spreadsheets and manual processes, Columbia’s M&A team sought a scalable solution to manage growing deal flow while maintaining their people-first approach. With Midaxo, they now have a centralized, real-time view of every conversation, document, and task—embedded directly within their email workflow.

    “We’re proud to support Columbia Forest Products as they scale with purpose,” said Jude McColgan, CEO of Midaxo. “Our platform is designed for teams that want speed without sacrificing control. With powerful real-time analytics, integrated VDR, and seamless Outlook integration, we’re helping Columbia close more of the right deals, faster.”

    The move to Midaxo isn’t just a digital upgrade—it’s a strategic shift. By aligning intuitive technology with their mission-driven approach, Columbia is accelerating deal execution, strengthening transparency, and staying true to what matters most: people.

    About Columbia Forest Products
    Columbia Forest Products is North America’s leading manufacturer of hardwood plywood and hardwood veneer products. Known for its environmental leadership and innovation, Columbia was the first in its industry to eliminate added urea formaldehyde from its panels using its proprietary PureBond® technology. The company supplies a wide range of sustainable wood solutions to cabinet, furniture, and millwork manufacturers, as well as DIYers across the U.S. and Canada. Headquartered in Greensboro, North Carolina, Columbia is 100% employee-owned and operates with a strong commitment to quality, sustainability, and customer success.

    About Midaxo
    Midaxo provides the most widely used work management solution for corporate development. Digitally transforming the transaction process, Midaxo Cloud leverages automation, AI, and machine learning to deliver accelerated inorganic growth while decreasing deal risk. The platform can be customized to fit the needs of each company to enable corporate development and M&A leaders to find, evaluate, and deliver inorganic growth with unprecedented speed and accuracy. Users of the M&A capabilities report identifying and managing 5x more targets, reducing diligence time by 50%, and accelerating time to value realization up to 40%. More than 500 Midaxo customers, including Banner Health, Daimler AG, Professional Services Co., and United Site Services, have closed over 5,000 transactions valued in excess of $1 trillion.

    Contact:
    Hanna Brenner
    Midaxo
    Hanna.Brenner@midaxo.com

    The MIL Network –

  • MIL-OSI: Columbia Forest Products Streamlines M&A Pipeline with Midaxo

    Source: GlobeNewswire (MIL-OSI)

    BOSTON and GREENSBORO, N.C., July 01, 2025 (GLOBE NEWSWIRE) — Columbia Forest Products, the largest manufacturer of hardwood veneer and hardwood plywood in the U.S., has transformed its M&A operations with Midaxo’s purpose-built deal management platform, complete with seamless Microsoft Outlook integration. The result: a smarter, faster, and more connected pipeline that helps the company scale with both purpose and precision.

    “Our M&A strategy is rooted in values. We’re not just acquiring businesses—we’re giving them a lasting home where employees become part-owners, not just staff,” said Rick Brewer, Vice President of Corporate Development at Columbia Forest Products. “To do that well, we needed smarter tools that fit the way we work. Midaxo’s Outlook Plug-in brought instant visibility and clarity to our pipeline. Now we always know where every deal stands—and what comes next.”

    Previously reliant on spreadsheets and manual processes, Columbia’s M&A team sought a scalable solution to manage growing deal flow while maintaining their people-first approach. With Midaxo, they now have a centralized, real-time view of every conversation, document, and task—embedded directly within their email workflow.

    “We’re proud to support Columbia Forest Products as they scale with purpose,” said Jude McColgan, CEO of Midaxo. “Our platform is designed for teams that want speed without sacrificing control. With powerful real-time analytics, integrated VDR, and seamless Outlook integration, we’re helping Columbia close more of the right deals, faster.”

    The move to Midaxo isn’t just a digital upgrade—it’s a strategic shift. By aligning intuitive technology with their mission-driven approach, Columbia is accelerating deal execution, strengthening transparency, and staying true to what matters most: people.

    About Columbia Forest Products
    Columbia Forest Products is North America’s leading manufacturer of hardwood plywood and hardwood veneer products. Known for its environmental leadership and innovation, Columbia was the first in its industry to eliminate added urea formaldehyde from its panels using its proprietary PureBond® technology. The company supplies a wide range of sustainable wood solutions to cabinet, furniture, and millwork manufacturers, as well as DIYers across the U.S. and Canada. Headquartered in Greensboro, North Carolina, Columbia is 100% employee-owned and operates with a strong commitment to quality, sustainability, and customer success.

    About Midaxo
    Midaxo provides the most widely used work management solution for corporate development. Digitally transforming the transaction process, Midaxo Cloud leverages automation, AI, and machine learning to deliver accelerated inorganic growth while decreasing deal risk. The platform can be customized to fit the needs of each company to enable corporate development and M&A leaders to find, evaluate, and deliver inorganic growth with unprecedented speed and accuracy. Users of the M&A capabilities report identifying and managing 5x more targets, reducing diligence time by 50%, and accelerating time to value realization up to 40%. More than 500 Midaxo customers, including Banner Health, Daimler AG, Professional Services Co., and United Site Services, have closed over 5,000 transactions valued in excess of $1 trillion.

    Contact:
    Hanna Brenner
    Midaxo
    Hanna.Brenner@midaxo.com

    The MIL Network –

  • MIL-OSI: Columbia Forest Products Streamlines M&A Pipeline with Midaxo

    Source: GlobeNewswire (MIL-OSI)

    BOSTON and GREENSBORO, N.C., July 01, 2025 (GLOBE NEWSWIRE) — Columbia Forest Products, the largest manufacturer of hardwood veneer and hardwood plywood in the U.S., has transformed its M&A operations with Midaxo’s purpose-built deal management platform, complete with seamless Microsoft Outlook integration. The result: a smarter, faster, and more connected pipeline that helps the company scale with both purpose and precision.

    “Our M&A strategy is rooted in values. We’re not just acquiring businesses—we’re giving them a lasting home where employees become part-owners, not just staff,” said Rick Brewer, Vice President of Corporate Development at Columbia Forest Products. “To do that well, we needed smarter tools that fit the way we work. Midaxo’s Outlook Plug-in brought instant visibility and clarity to our pipeline. Now we always know where every deal stands—and what comes next.”

    Previously reliant on spreadsheets and manual processes, Columbia’s M&A team sought a scalable solution to manage growing deal flow while maintaining their people-first approach. With Midaxo, they now have a centralized, real-time view of every conversation, document, and task—embedded directly within their email workflow.

    “We’re proud to support Columbia Forest Products as they scale with purpose,” said Jude McColgan, CEO of Midaxo. “Our platform is designed for teams that want speed without sacrificing control. With powerful real-time analytics, integrated VDR, and seamless Outlook integration, we’re helping Columbia close more of the right deals, faster.”

    The move to Midaxo isn’t just a digital upgrade—it’s a strategic shift. By aligning intuitive technology with their mission-driven approach, Columbia is accelerating deal execution, strengthening transparency, and staying true to what matters most: people.

    About Columbia Forest Products
    Columbia Forest Products is North America’s leading manufacturer of hardwood plywood and hardwood veneer products. Known for its environmental leadership and innovation, Columbia was the first in its industry to eliminate added urea formaldehyde from its panels using its proprietary PureBond® technology. The company supplies a wide range of sustainable wood solutions to cabinet, furniture, and millwork manufacturers, as well as DIYers across the U.S. and Canada. Headquartered in Greensboro, North Carolina, Columbia is 100% employee-owned and operates with a strong commitment to quality, sustainability, and customer success.

    About Midaxo
    Midaxo provides the most widely used work management solution for corporate development. Digitally transforming the transaction process, Midaxo Cloud leverages automation, AI, and machine learning to deliver accelerated inorganic growth while decreasing deal risk. The platform can be customized to fit the needs of each company to enable corporate development and M&A leaders to find, evaluate, and deliver inorganic growth with unprecedented speed and accuracy. Users of the M&A capabilities report identifying and managing 5x more targets, reducing diligence time by 50%, and accelerating time to value realization up to 40%. More than 500 Midaxo customers, including Banner Health, Daimler AG, Professional Services Co., and United Site Services, have closed over 5,000 transactions valued in excess of $1 trillion.

    Contact:
    Hanna Brenner
    Midaxo
    Hanna.Brenner@midaxo.com

    The MIL Network –

  • MIL-OSI: VelocityEHS Launches New “PSIF” AI to Identify the Next Serious Injury or Fatality Before It Happens

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, July 01, 2025 (GLOBE NEWSWIRE) — VelocityEHS, the global leader in EHS solutions and the pioneer in applying practical AI to workplace safety, today announced the release of AI PSIF Insights, a new feature within the company’s award-winning Incident Management solution on the VelocityEHS Accelerate® Platform. The feature leverages machine learning (ML) to uncover high risks companies carry forward hidden in “near miss” and other “minor” events, also known as Potential Serious Injuries and Fatalities (PSIFs) before they lead to life-altering harm.

    “EHS professionals have a professional and ethical responsibility to use AI and machine learning to reduce the risk of serious injuries and fatalities,” said Dr. Julia Penfield, Vice President of Research & Machine Learning at VelocityEHS.

    “AI PSIF Insights is built to put advanced risk detection into the hands of safety teams, regardless of their size or digital maturity. It helps them identify the most critical risks earlier, so they can act before harm occurs,” added Penfield.

    By analyzing incident and near miss reports, AI PSIF Insights identifies the potential for temporary and permanent disabilities, amputations, fatalities, and other severe outcomes without requiring any changes to workflows or additional forms. It automatically flags PSIF incidents and provides clear reasoning. Safety teams stay in control through human-in-the-loop validation, ensuring trust, transparency, and compliance.

    A Smarter, Faster Way to Surface Serious Risk

    Serious incidents seem to happen without warning, but the signs are often buried in incident or near miss reports when the underlying root causes are not identified or addressed. AI PSIF Insights surfaces those signals by:

    • Evaluating the quality of incident descriptions and offering instant, tailored suggestions to enhance the completeness, clarity, and actionable details of your documentation
    • Automatically analyzing incident reports to identify those with high potential for serious outcomes and send out automated notifications
    • Standardizing detection across sites and teams, improving safety performance and reporting accuracy
    • Enabling companies to focus their resources and investigations on risks hidden in minor incidents and near-misses with the highest potential for serious harm
    • Reducing manual triage time by 30–50% and freeing safety teams to focus on prevention instead of paperwork

    “This is not just a new release, it’s a shift in how safety gets done: helping EHS professionals get ahead of risk and act earlier, before harm happens,” said Matt Airhart, CEO of VelocityEHS. “Too often, serious injuries happen while safety teams are still trying to uncover hidden risks. AI PSIF Insights surfaces those risks sooner—no hoops to jump through, no new processes to learn, no additional set up, and no added cost.”

    No Extra Cost. No Extra Burden. No Excuses.

    AI PSIF Insights is especially valuable for mid-sized enterprise organizations in safety-critical industries, such as manufacturing, food & beverage, pharmaceuticals, and chemicals where near misses are common and consequences can be severe. The feature is available to all current and new Incident Management customers on the Accelerate Platform as part of their existing agreement.

    AI PSIF Insights is part of a broader VelocityEHS initiative to bring the power of machine learning and artificial intelligence to frontline EHS workflows.

    Other Velocity Features with Embedded ML/AI Include:

    • 3D Motion Capture (Industrial Ergonomics)
    • Ingredient Indexing (Chemical Management)
    • Automated review of Certificates of Insurance and OSHA Logs (Contractor Safety)

    Groundbreaking AI-Embedded Feature Launches Coming in 2025 Include:

    • Ergonomics Assessments for Hands (Industrial Ergonomics)
    • Job Safety Analysis Hazard and Control Recommendations (Operational Risk)
    • Hazard Type, Root Causes & Corrective Action Recommendations (Safety)

    Collectively, these tools empower organizations to improve regulatory compliance and enhance safety culture across every level of their business.

    For more information about the AI PSIF Insights feature and how it fits into the company’s broader AI strategy, visit https://www.ehs.com/solutions/safety/incident-management/.

    About VelocityEHS

    Relied on by over 10 million users worldwide, VelocityEHS is the global leader in true SaaS enterprise EHS & Sustainability technology. The VelocityEHS Accelerate® Platform delivers best-in-class software solutions for Safety, Ergonomics, Chemical Management, and Operational Risk, along with advanced applications for Contractor Safety, Permit to Work, Environmental Compliance, and GHG Reporting.

    The VelocityEHS team includes more certified professionals in health, safety, industrial hygiene, ergonomics, sustainability, and applied AI than any other EHS software provider. Recognized as a Leader in the Verdantix 2025 Green Quadrant, VelocityEHS is committed to driving innovation and industry leadership. The company maintains SOC 2 Type II attestation for top-tier data security and privacy.

    Headquartered in Chicago, Illinois, VelocityEHS operates offices in Ann Arbor, MI; Tampa, FL; Oakville, ON; London, UK; Perth, AUS; and Cork, IRL. For more information, visit www.EHS.com.

    Media Contact

    Jennifer Sinkwitts
    jsinkwitts@ehs.com

    The MIL Network –

  • Cabinet clears ₹1 lakh crore RDI Scheme to boost private sector-led innovation

    Source: Government of India

    Source: Government of India (4)

    In a move aimed at strengthening India’s research and innovation ecosystem, the Union Cabinet on Tuesday approved the Research Development and Innovation (RDI) Scheme, with a total outlay of ₹1 lakh crore. The scheme is designed to encourage greater private sector participation in research and innovation, particularly in strategic and sunrise sectors.

    The RDI Scheme seeks to provide long-term financing or refinancing to private companies at low or nil interest rates. Officials said the scheme addresses the persistent funding constraints faced by the private sector in taking up research projects, and aims to provide growth and risk capital for critical and emerging technologies. The government hopes this will promote technological adoption, enhance global competitiveness, and contribute to economic security and self-reliance.

    Under the scheme, projects at higher levels of Technology Readiness Levels (TRL) will receive funding, and support will also be extended for the acquisition of critical or strategically important technologies. The scheme will also facilitate the creation of a Deep-Tech Fund of Funds to back technology-focused ventures.

    The Research Development and Innovation Scheme will operate through a two-tier funding structure. At the first level, a Special Purpose Fund (SPF) will be set up within the Anusandhan National Research Foundation (ANRF), which will act as the custodian of the corpus. Funds from the SPF will then be allocated to various second-level fund managers, which will provide long-term concessional loans or, in some cases, equity funding—particularly for startups.

    The overarching strategic direction of the scheme will be provided by the Governing Board of the ANRF, chaired by the Prime Minister. The Executive Council of the ANRF will be responsible for approving guidelines and identifying second-level fund managers and projects in sunrise sectors. An Empowered Group of Secretaries, headed by the Cabinet Secretary, will oversee the scheme’s implementation, review its performance, and make decisions on sectors, project types, and fund managers. The Department of Science and Technology will serve as the nodal department for executing the scheme.

     

  • Cabinet clears ₹1 lakh crore RDI Scheme to boost private sector-led innovation

    Source: Government of India

    Source: Government of India (4)

    In a move aimed at strengthening India’s research and innovation ecosystem, the Union Cabinet on Tuesday approved the Research Development and Innovation (RDI) Scheme, with a total outlay of ₹1 lakh crore. The scheme is designed to encourage greater private sector participation in research and innovation, particularly in strategic and sunrise sectors.

    The RDI Scheme seeks to provide long-term financing or refinancing to private companies at low or nil interest rates. Officials said the scheme addresses the persistent funding constraints faced by the private sector in taking up research projects, and aims to provide growth and risk capital for critical and emerging technologies. The government hopes this will promote technological adoption, enhance global competitiveness, and contribute to economic security and self-reliance.

    Under the scheme, projects at higher levels of Technology Readiness Levels (TRL) will receive funding, and support will also be extended for the acquisition of critical or strategically important technologies. The scheme will also facilitate the creation of a Deep-Tech Fund of Funds to back technology-focused ventures.

    The Research Development and Innovation Scheme will operate through a two-tier funding structure. At the first level, a Special Purpose Fund (SPF) will be set up within the Anusandhan National Research Foundation (ANRF), which will act as the custodian of the corpus. Funds from the SPF will then be allocated to various second-level fund managers, which will provide long-term concessional loans or, in some cases, equity funding—particularly for startups.

    The overarching strategic direction of the scheme will be provided by the Governing Board of the ANRF, chaired by the Prime Minister. The Executive Council of the ANRF will be responsible for approving guidelines and identifying second-level fund managers and projects in sunrise sectors. An Empowered Group of Secretaries, headed by the Cabinet Secretary, will oversee the scheme’s implementation, review its performance, and make decisions on sectors, project types, and fund managers. The Department of Science and Technology will serve as the nodal department for executing the scheme.

     

  • MIL-OSI Russia: China’s Jiangsu Province and Central Asia Welcome ‘Golden Period’ of Cooperation Together

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    Source: People’s Republic of China – State Council News

    BEIJING, July 1 (Xinhua) — The roar of container ships in the port of Lianyungang (Jiasu Province, east China) and the hoot of China-Europe freight trains sound in unison. “Steel caravans” loaded with photovoltaic panels and precision instruments set off from the banks of the Yangtze River to the deserts of Central Asia. And on the shelves of Jiangsu stores, dried fruits from Central Asia look tempting, spreading a subtle aroma; cotton yarn from Central Asia dances briskly between the machines of textile factories, adding a special flavor to the “Made in Jiangsu” brand… According to the latest data from Nanjing Customs, in the first five months of 2025, Jiangsu Province’s export volume to five Central Asian countries amounted to 8.9 billion yuan, up 21.4 percent year on year.

    As part of the high-quality construction of the Belt and Road, Jiangsu and Central Asia are entering a “golden period” of cooperation together, local newspaper Xinhua Daily reported.

    Engineering projects are like a “steel frame”, trade flows are like “digital channels”, and high-level mutual visits and the implementation of policies and initiatives are “bridge pillars”, which are all involved in building the “Golden Bridge of the Silk Road” between Jiangsu and Central Asia. Despite the thousands of mountains and rivers separating them, thanks to the close industrial ties, Jiangsu and the Central Asian region have achieved deep integration. With unprecedented depth and breadth, the two sides continue to strengthen the foundation of mutually beneficial cooperation.

    Uzbekistan, the most populous country in Central Asia and a key hub on the ancient Silk Road, has been accelerating its industrialization in recent years and has been actively working with Jiangsu to develop practical cooperation.

    From the construction of a new district in Samarkand to the processing plant of the Almalyk Mining and Metallurgical Plant… The equipment of the Chinese engineering giant – Xuzhou Construction Machinery Group Co., Ltd. (XCMG) – has become the “standard equipment” for infrastructure construction for industrialization in Central Asia. “In Uzbekistan, XCMG equipment is present at almost all large construction sites,” said Sun Si, the responsible project manager of XCMG Corporation. Over the past three years, XCMG equipment exports to Uzbekistan have exceeded 2 billion yuan, and the current stock of such equipment in the country exceeds 8,000 units. Close partnerships have been formed with many local large construction companies, equipment rental companies and mining companies.

    As the e-commerce data and platform services of SOHO Holding intersect in the Central Asian digital space, the “Golden Bridge of the Silk Road” between Jiangsu and Central Asia will build more industrial highways. In January this year, SOHO Holding opened a representative office in Kazakhstan. This trading platform, located in the hinterland of Central Asia, will help enterprises in Jiangsu Province and other parts of the country to develop the Central Asian market.

    “We are creating not only a trading platform, but also a high-speed channel for industrial integration,” explained the project manager in charge. The main areas of cooperation were the creation of B2C e-commerce and car trade platforms, as well as the construction of foreign warehouses in Kazakhstan. According to the set goals, this cooperation will allow SOHO Holding to achieve a bilateral trade volume of USD 1 billion with Central Asia in 5 years.

    “Good products from Jiangsu” appear one after another on the market of Central Asian countries, and high-quality products from Central Asia continuously fill the shelves of stores in Jiangsu Province. “Last year, 14,800 tons of barley and 2,700 tons of feed wheat flour from Kazakhstan arrived in China on 11 China-Europe freight trains,” said a responsible executive of SUMEC International Technology Co., Ltd., which signed a framework agreement on cooperation in the field of agricultural products for 2024 with Kazakhstan’s Fort LLP worth about 500 million yuan. The company uses the direct purchase model from the manufacturer to reduce costs. In the future, it also plans to actively build a complete supply system for agricultural products within the framework of the Belt and Road Initiative, using Kazakhstan’s breadbasket.

    Crossing deserts and seas, linking the East and Central Asia, China-Europe freight trains, like racing “steel dragons,” carry hopes for cooperation and development opportunities. Since the launch of China-Europe freight train services, a total of more than 14,000 trains have been sent from Jiangsu to Central Asia with wagons loaded at 100 percent. Jiangsu Province has firmly held its position as the main transit corridor to Central Asia. -0-

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: Eco-schools celebrate in Heaton Park after making their communities cleaner and greener

    Source: City of Manchester

    School pupils gathered in their hundreds in Heaton Park (27 June) to celebrate their hard work and dedication in making their school communities eco-friendly.

    Over 200 pupils from across 14 schools in Manchester took part in the celebrations with their teachers and community leaders to officially recognise their schools as being one of many that has led the way in making their communities cleaner and greener for everyone. Colleges and nurseries have also taken part with 19, 607 participants across the city taking the initiative to protect the environment by being involved in the Eco-Schools programme and gaining their prestigious Green Flag accreditation.  

    The momentous day was packed with engaging workshops and hands-on activities such as Biodiversity workshops with the RHS Nature Park Team, Sow the City and Lancashire Wildlife Trust, exploring the rich ecosystems in Heaton Park. Read Manchester and Literacy Champions led an inspiring poetry session and Plastic Shed shared innovative ways to reduce waste.

    It was followed by guided historical walks hosted by Bike It, Walk It (In Our Nature) and planting stations and sports-themed eco games in collaboration with Keep Manchester Tidy, promoting active and sustainable lifestyles. Pupils also shared their feedback about the programme as part of supporting Manchester becoming a Child Friendly City before sharing a “Big Picnic Lunch” with other pupils and staff.  

    Eco-journalist and documentary-maker, Sarah Roberts, delivered a captivating keynote, sharing her journey and encouraging young people to become environmental storytellers and changemakers not just in the UK, but like her own efforts in Iceland and Namibia.  

    Known as Eco-Schools, the event gets its name from a steadfast programme since 1994, empowering young people to take several actionable steps in improving the environment for their schools and local communities as part of Keep Britain Tidy. 

    Out of the seven-step framework, it calls for schools to focus on topics; from healthy living, biodiversity, waste, energy, global citizenship and litter. Following a period of evaluation and monitoring, schools can then apply for Eco-School accreditation, or Green Flag status, to formally recognise their hard-earned achievements. Manchester currently has 30 provisions who have proudly accomplished Green Flag status – with 10 at Distinction level.  

    The programme has seen 2,984 pupils have gardening lessons, organise 150 litter picks and have collected 211 litter bags, and one school even initiated a total ban on single use plastic in 2023/24. Keep Manchester Tidy are ensuring that these incredible outcomes continue by helping to fund the various schools that choose to participate in the Eco-Schools programme.  

    Eco-Schools are just one part of environmental action that the Clean and Green MCR campaign has encouraged across the city. Through multi-million-pound investments, the campaign has already rolled out replacement litter bins, improved green spaces and implemented new road safety measures near schools. 

    As Manchester continues to make its mark as a an officially recognised Child Friendly City by UNICEF, the Eco-Schools programme is a significant milestone in the city’s journey toward sustainability and youth-led environmental action. 

    The celebration brought together schools from across Manchester, including Prospect House Specialist Support Primary, Bowker Vale Primary, Old Moat Primary to Included Learning, Claremont Primary, Divine Mercy, and Withington Girls School. Each school has worked tirelessly to achieve Eco-Schools status, embedding sustainability into their curriculum, school culture, and community outreach. 

    Find out more about Eco-Schools and how they are championing cleaner, greener communities and how to take part in the programme to achieve Green Flag status.  

    Councillor Lee-Ann Igbon, Executive Member for Vibrant Neighbourhoods, said: “This celebration of Eco-Schools is a testament to the power of young people to lead the way in environmental change. Their creativity, commitment, and collaboration are shaping a greener, more sustainable Manchester. We must continue to support and encourage them as we champion our city as a Child Friendly City for every child and as the new generation eco-friendly champions.” 

    Fabiola Cotton, Head of Design Technology and Eco Society Lead at Withington Girls’ School, said: “We are very proud to have such a dedicated group of pupils actively involved in our Eco Society. The group champions sustainability and environmental awareness across the school, helping to organise whole school events with a strong eco focus. Just this month, for example, all pupils took part in a giving activity that include making jewellery from recycled plastic and running a ‘swap shop’ to share clothes, toys and books. 

    “A real strength of our school is recognising our role as global citizens – understanding our impact and proactively contributing to both local and international communities. Our 20 years of partnership with social development projects in The Gambia, alongside regular pupil-led fundraising for a range of charities, exemplifies this commitment. Our school community, consistently demonstrate compassion, respect and a strong sense of personal responsibility, reflecting the very ethos of Withington.” 

    Shay Smith, 10, from Prospect House Primary School, said: “It was good taking part in the Eco-Schools programme. It was fun, because we fed pigs and we learned to plant and grow vegetables. We also got the chance to visit London and won an award as part of the Jamie Oliver Good Food Awards for sustainability.  

    “We also did recycling at school and we all supported each other by helping the school every day. My family is proud of all the hard work I’ve done.” 

    MIL OSI United Kingdom –

  • MIL-OSI: Automotive Tire Pressure Monitoring System Market Set to Hit USD 8.94 Billion in 2024, Accelerating Ahead with a Robust 12.91% CAGR Through 2032 | AnalystView Market Insights

    Source: GlobeNewswire (MIL-OSI)

    San Francisco, USA, July 01, 2025 (GLOBE NEWSWIRE) — Market Dynamics

    The Automotive Tire Pressure Monitoring System (TPMS) market was valued at US$ 8,940.29 million in 2024 and is projected to grow at a robust CAGR of 12.91% from 2025 to 2032, reflecting increasing global emphasis on vehicle safety and performance. This impressive growth trajectory is fueled by a combination of regulatory mandates and consumer demand for enhanced driving safety. As underinflated tires contribute to poor fuel efficiency, tire wear, and accident risk, TPMS is becoming a crucial component in modern vehicles.

    Regulatory mandates across developed economies such as the United States, European Union, Japan, and China have made TPMS installation mandatory in all new vehicles. These regulations are significantly propelling market demand, particularly for Direct TPMS (DTPMS), which offers higher accuracy compared to Indirect TPMS (ITPMS). Furthermore, with the rise in global vehicle production and sales, especially in emerging markets where automotive demand is rapidly increasing, the adoption of Tire Pressure Monitoring Systems (TPMS) as a standard safety feature is becoming more widespread. In 2022, global motor vehicle production reached 85.4 million units, marking a 5.7% increase from 2021, according to the European Automobile Manufacturers Association. Many countries have introduced regulatory mandates requiring TPMS installation to enhance road safety by providing drivers with real-time tire pressure information, thereby reducing the risk of accidents caused by underinflated tires.

    Unlock exclusive insights with our detailed sample report (Please enter your Corporate Email ID to get priority access@ https://www.analystviewmarketinsights.com/request_sample/AV4027

    Key Attributes:

    Report Attributes Details
    No. of Pages 269
    Forecast Period 2025 – 2032
    Estimated Market Value (USD) in 2025 $8,940.29 Million
    Compound Annual Growth Rate (CAGR) 12.91%
    Regions Covered North America (U.S., and Canada)
    Europe (Germany, UK, France, Italy, Spain, The Netherlands, Sweden, Russia, Poland, Rest of Europe)
    Asia Pacific (China, India, Japan, South Korea, Australia, Indonesia, Thailand, Philippines, Rest of APAC)
    Latin America (Brazil, Mexico, Argentina, Colombia, Rest of LATAM)
    The Middle East and Africa (Saudi Arabia, UAE, Israel, Turkey, Algeria, Egypt, Rest of MEA)

    Key Drivers

    1. Stringent Safety Regulations:
      Government regulations worldwide mandating the use of TPMS in new vehicles are a major growth driver. For instance, the U.S. National Highway Traffic Safety Administration (NHTSA) requires TPMS in all passenger vehicles sold post-2007. Similarly, the European Union and countries like China, South Korea, and Japan have enforced comparable safety mandates, accelerating market adoption.
    2. Increasing Focus on Fuel Efficiency:
      Properly inflated tires reduce rolling resistance, which leads to better fuel efficiency. As consumers and fleet operators look to cut fuel costs, TPMS has become a vital tool. In commercial fleets, particularly, optimizing tire pressure can result in substantial savings on fuel and tire maintenance.
    3. Growing Vehicle Production:
      The post-pandemic recovery of the global automotive industry and the continued expansion of electric vehicle (EV) production contribute significantly to TPMS demand. EVs, often equipped with the latest safety tech, are more likely to include TPMS as a standard feature.
    4. Technological Advancements:
      The market is witnessing innovations such as battery-less TPMS, wireless sensors, and systems integrated with advanced driver-assistance systems (ADAS). These enhancements not only improve system reliability but also reduce maintenance requirements, making TPMS more appealing to OEMs and consumers alike.

    Restraints

    1. High Initial Costs:
      TPMS, especially direct systems with individual sensors on each tire, can increase the overall vehicle cost. This price sensitivity is a significant deterrent in cost-conscious markets, particularly in entry-level and budget vehicle segments.
    2. Maintenance and Repair Challenges:
      TPMS components are prone to damage during tire replacement or servicing. Additionally, battery-powered sensors have a limited lifespan, typically around 5-10 years, which may require costly replacements.
    3. Lack of Consumer Awareness in Developing Markets:
      In regions such as parts of Africa, Southeast Asia, and Latin America, awareness regarding the benefits of TPMS is relatively low. This hampers adoption, despite the system’s proven advantages in safety and efficiency.

    Opportunities

    1. Aftermarket Growth:
      The aftermarket TPMS segment presents vast potential, especially as older vehicles are retrofitted to meet safety standards or improve performance. Rising e-commerce penetration is also making it easier for consumers to purchase and install aftermarket solutions.
    2. Electric and Autonomous Vehicles:
      The rising trend of connected vehicles, EVs, and autonomous cars paves the way for more sophisticated tire pressure and health monitoring systems. Manufacturers are developing smart TPMS integrated with telematics and real-time data analytics, providing broader vehicle management capabilities.

    Market segmentation :

    GLOBAL AUTOMOTIVE TIRE PRESSURE MONITORING SYSTEM MARKET, BY PRODUCT TYPE- MARKET ANALYSIS, 2019 – 2032

    • Direct
    • Indirect

    GLOBAL AUTOMOTIVE TIRE PRESSURE MONITORING SYSTEM MARKET, BY VEHICLE TYPE- MARKET ANALYSIS, 2019 – 2032

    • Passenger Vehicles
    • Commercial Vehicles

    GLOBAL AUTOMOTIVE TIRE PRESSURE MONITORING SYSTEM MARKET, BY COMPONENT- MARKET ANALYSIS, 2019 – 2032

    • Sensors
    • Transmitters
    • Receivers
    • Display Units
    • Control Units

    GLOBAL AUTOMOTIVE TIRE PRESSURE MONITORING SYSTEM MARKET, BY SALES CHANNEL- MARKET ANALYSIS, 2019 – 2032

    • OEM
    • Aftermarket

    Regional Insights

    North America

    North America remains a leading market for TPMS, primarily driven by regulatory enforcement and high consumer awareness. The U.S. is the dominant player due to early legislation mandating TPMS and widespread OEM adoption. The region is also a hotspot for aftermarket sales, supported by a well-established automotive service ecosystem.

    Europe

    Europe follows closely, with countries like Germany, France, and the U.K. leading TPMS penetration. The region’s strong focus on vehicle safety and environmental concerns (such as CO2 emission reduction) has fostered widespread TPMS adoption. Moreover, the European Union’s General Safety Regulation (GSR) continues to enforce TPMS requirements across all new vehicle segments.

    Asia-Pacific

    The Asia-Pacific region, led by China, Japan, South Korea, and India, is emerging as the fastest-growing market. China’s TPMS mandate for new vehicles starting 2019 has significantly boosted local demand. Additionally, rising disposable incomes, rapid urbanization, and growing automotive manufacturing hubs in India and Southeast Asia offer enormous growth potential. However, aftermarket awareness and infrastructure still lag behind developed markets.

    Latin America & Middle East Africa

    These regions are in the nascent stages of TPMS adoption. While vehicle ownership is rising, the lack of strict safety norms and consumer education limits the market. Nonetheless, growing automotive imports and gradual economic development are creating long-term opportunities.

     Looking For a Detailed Full Report? Please review it here @ https://www.analystviewmarketinsights.com/reports/report-highlight-automotive-tire-pressure-monitoring-system-market

    Reasons to Invest in the TPMS Market

    1. Global Regulatory Support:
      With safety becoming non-negotiable, TPMS has become a compliance requirement in many parts of the world. Investors can bank on this long-term regulatory support driving consistent demand.
    2. EV Integration and Smart Mobility:
      As electric and smart vehicles become mainstream, integrated TPMS solutions are evolving. These systems go beyond just pressure monitoring—providing tire temperature, wear analysis, and real-time alerts through mobile apps or vehicle dashboards. The synergy with ADAS and IoT provides avenues for value-added services and recurring revenue.
    3. High Growth Potential in Aftermarket:
      Millions of vehicles worldwide still operate without TPMS. This opens a vast aftermarket potential, especially in regions where regulations have recently come into effect or are under proposal. Startups and component suppliers focusing on plug-and-play solutions can capitalize on this underserved segment.
    4. Rising OEM Collaborations and Strategic Partnerships:
      Tier-1 suppliers are collaborating with vehicle manufacturers to embed next-gen TPMS as part of their safety and telematics packages. This trend ensures steady B2B revenue streams and fosters innovation in customized solutions.
    5. Advancements in Sensor Technology:
      The evolution of MEMS (Micro-Electro-Mechanical Systems) and sensor miniaturization is reducing costs while improving performance. This technological edge is lowering entry barriers for new players and making TPMS feasible even for low-cost vehicles.
    6. Fleet Management Optimization:
      For commercial fleets, TPMS offers tangible benefits in maintenance planning, fuel efficiency, and downtime reduction. As logistics and transport companies digitize operations, TPMS becomes an integral component of their fleet health systems—driving up volume demand.

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    The MIL Network –