Category: Technology

MIL-OSI USA: NIST Makes First Detection of Cannabis in Breath From Edibles

Source: US Government research organizations

Credit: Victor Moussa/Shutterstock

Cannabis has gained increased use in the United States, outpacing alcohol as Americans’ daily recreational drug of choice. Nearly 20 percent of cannabis users have admitted to driving after using the drug. However, unlike for alcohol, reliable roadside tests for cannabis don’t exist. Even blood tests can’t determine when a person used cannabis, leaving law enforcement without a way to determine a person’s recent use, much less how intoxicated they are.

To make things more complicated, there are multiple ways to consume cannabis, such as smoking, vaping, ingestion and dabbing (inhaling a concentrated form of cannabis extracts). Scientists know that the psychoactive component tetrahydrocannabinol (THC) shows up in breath after smoking, but what about edibles? Would those show up in breath too?

The answer is yes; they do. In a study published in the Journal of Analytical Toxicology, researchers at the National Institute of Standards and Technology (NIST) and their colleagues made the first cannabinoid measurements in breath after study participants ingested cannabis-infused edibles.

“This is an important step forward, that we can detect THC increases in breath after the ingestion of cannabis,” said Jennifer Berry, NIST research chemist and lead author on the paper.

Making a breathalyzer for cannabis is harder than making a breathalyzer for alcohol. Alcohol is a relatively simple and highly volatile molecule: It easily travels through the lungs and evaporates when it contacts air. But THC is a larger, more complicated molecule with very low volatility, and consumption is typically hundreds of times less than alcohol. It shows up in very small concentrations in breath, making THC detection much more challenging. Regular users of cannabis can have THC in their breath for at least eight hours and in their blood for potentially weeks after stopping use, meaning that a single measurement is insufficient to learn when a person last used it.

In the new study, NIST’s partners at the University of Colorado Anschutz Medical Campus observed 29 participants who each brought a cannabis-infused gummy to the lab with them. The edibles contained anywhere from 5 to 100 milligrams of THC. Researchers first took a breath sample from the participants before they ingested the product. Then they observed each participant for three hours, obtaining breath samples approximately every hour.

NIST researchers measured the concentration of THC and other cannabinoids in breath at those intervals. They detected THC in most of the participants before they took the edible, even though they had been asked to abstain for eight hours before the study. That wasn’t surprising. Our bodies process cannabinoids slowly, taking weeks to get them out of our systems compared with hours for alcohol.

The researchers found that 19 of the participants showed significant increases in THC in the three-hour period after ingesting the edible. Many of them exhibited a peak and then a decline in THC concentration during that time. Four of the participants did not show any change in THC, and six showed only a decrease from their first breath sample. However, it is possible that the measurements may have missed the time window in which a jump in THC could have occurred.

The observed spikes and dips in THC levels clear up some questions about how cannabinoids distribute in our bodies and leave our systems after use. There is a common misconception that THC in breath is from leftover smoke in the lungs after smoking cannabis. This study shows that THC that is swallowed in edibles can make it through the digestive system and be exhaled back out through the lungs, Berry said. This matches something else that stood out to the NIST team, that edible cannabis takes time to show up in breath. “Edibles aren’t that different from smoked cannabis and alcohol in that way,” Berry said. “Whether you inhale it or ingest it, it will show up in breath, but it may take some time before doing so.”

This study provides just the first steps of understanding how edible cannabis shows up in breath, said Kavita Jeerage, a NIST research chemical engineer leading the cannabis breath research. But this first detection of THC from edibles in breath provides encouraging signs that future instruments will be able to measure THC from ingested cannabis.

It will be up to toxicologists to determine what those measurements say about impairment, she said, work that NIST’s research partners are already pursuing.

“Our partners at Anschutz conducted a variety of assessments to probe impairment after participants ingested their cannabis gummies, including observing participants’ driving abilities with a driving simulator. The breath samples were a bonus that allowed us to gather first-ever data to explore whether THC increases in breath after edible ingestion,” Jeerage said. “Looking forward, we can now tackle the question of when THC increases after edible ingestion, when it goes back to baseline, and how to analyze breathalyzer data to get the information needed.”

“This study supports the idea that multiple breath measurements over a period of time could be a way to use a breathalyzer to detect cannabis use, regardless of how it’s ingested,” said Tara Lovestead, a NIST chemical engineer on the cannabis breath research project. “However, devices will still need standards to ensure that they are accurate and used correctly, standards that don’t yet exist.”

NIST itself is not developing a cannabis breathalyzer, Lovestead added. Instead, NIST’s role is to help ensure that measurements of cannabis in breath can be accurate, reliable and have scientifically sound standards behind them. NIST will be hosting a workshop with device developers in September to discuss a path forward.

Paper: Jennifer L. Berry, Ashley Brooks-Russell, Tara M. Lovestead and Kavita M. Jeerage. The detection of cannabinoids in breath after ingestion of cannabis-infused edibles. Journal of Analytical Toxicology. Published online July 10, 2025. DOI: 10.1093/jat/bkaf063

MIL OSI USA News –

July 25, 2025

MIL-OSI: 74Software: Sustained Momentum Reinforces Long-Term Objectives

Source: GlobeNewswire (MIL-OSI)

Press Release
Paris, July 24, 2025

74Software: Sustained Momentum Reinforces Long-Term Objectives

Group H1 2025 revenue of €344.0m, up 6.5% organically and 6.2% in total
Strong H1 across both brands – Axway up 8.9% to €160.8m and SBS up 5.0% to €184.2m
Marked improvement in margin on operating activities, up 585bps to 12.0% of revenue (€41.3m)
ARR increased year-on-year by 11.8% at Axway and 10.9% at SBS, further strengthening recurring revenues

74Software’s Board of Directors, chaired by Pierre Pasquier, approved today the financial statements for the first half of 2025, which were subject to a limited review by the statutory auditors¹. Consequently, 74Software announces:

Half-Year Key Income Statement Items

	Half-year 2025		Half-year 2024 Proforma 6M AXW + 6M SBS		Half-year 2024 Reported Axway Standalone
	€m	% of Rev.	€m	% of Rev.	€m	% of Rev.
TOTAL REVENUE	344.0		323.9		148.7
GROSS PROFIT	228.1	66.3%	206.8	63.9%	104.7	70.5%
PROFIT ON OPERATING ACTIVITIES	41.3	12.0%	19.9	6.1%	17.1	11.5%
OPERATING PROFIT	19.5	5.7%	2.6	0.8%	8.3	5.6%
NET PROFIT	5.8	1.7%	-15.6	-4.8%	2.8	1.9%
EARNINGS PER SHARE	0.20 €		-0.54 €		0.13 €

Patrick Donovan, Chief Executive Officer, stated:

“Our H1 results confirm our strong start to the year and demonstrate both the strength of our strategic direction and our ability to execute in-line with our stated plans. As noted in our Q1 press release, the solid early execution front-loads part of the year’s commercial activity— especially in the Axway business. We remain fully committed to our full-year guidance and, more broadly, to our 2027 and 2028 ambitions. Axway is now firmly established as a subscription-first business, while SBS is rapidly scaling its modular banking platforms and expanding its SaaS footprint. With recurring revenue accelerating and capital deployment tightly managed, 74Software is becoming a more structured, resilient, and forward-looking group — built to deliver long-term value creation.”

Comments on H1 2025 activity

74Software delivered a strong first-half performance, confirming its ability to execute on its strategic roadmap and capitalize on the operational integration initiated following the transaction closing in September 2024. Revenue growth was solid in both brands, while profitability improved as planned — reflecting the strength of the Group’s model and the improved execution driven by Axway’s infrastructure software expertise and SBS’s leadership in banking software.

Following a particularly dynamic Q1, the second quarter allowed the Group to consolidate its gains, maintain commercial selectivity, and further shift toward a recurring, scalable revenue model. Axway has now largely transitioned, while SBS continues to advance its own transformation, expanding SaaS deployments and rebalancing its revenue mix in favor of product revenue. Key highlights for the period include:

Axway recorded a strong first half, with consistent growth across all product lines. Nearly 60 new customers were signed during the period (+20% year-on-year), with new-name deals accounting for around one-third of Q2 bookings. Large-scale projects gained momentum, including six contracts exceeding €1 million signed in Q2 alone. Demand for cloud-based delivery continued to rise, with Axway-managed deployments representing 40% of Q2 bookings and 35% over the first half. This shift was broad-based, with steady adoption across all geographies and industry verticals.
SBS also reported strong results, with product revenue now accounting for 75% of total revenue, up from 67% in H1 2024 — marking significant progress in the company’s shift toward a software-led model. Growth was supported by all product lines, including solid license activity in integrated platforms, components, and financing solutions, as well as continued expansion of modular offerings. The company has now contracted more than 230 SaaS regulatory reporting services, reinforcing adoption across its client base. During the period, SBS welcomed several new clients and completed the first SaaS deployment of its digital engagement platform in Europe. Two additional implementations are scheduled for the third quarter in Africa, where demand is driven by microfinance and Islamic banking. The company’s progress was also recognized through multiple industry awards highlighting its leadership in compliance, payments, and digital banking.

The Group enters H2 with improving visibility, disciplined execution, and a clear focus on delivering its full-year objectives. Integration of support functions between Axway and SBS is now largely complete, and joint commercial initiatives are steadily expanding across selected regions.

Comments on H1 2025 operational performance

Half-year Revenue Breakdown by Portfolio Brand

	H1 2025	H1 2024 Proforma	H1 2024 Restated	Total Growth	Organic Growth
€m / %	H1 2025	H1 2024 Proforma	H1 2024 Restated	Total Growth	Organic Growth
Axway Scope	160.8	148.7	147.6	8.1%	8.9%
SBS Scope	184.2	175.2	175.4	5.1%	5.0%

Consolidation	-1.0	0.0	0.0	–	–

74Software	344.0	323.9	323.0	6.2%	6.5%

In the first half of 2025, the Group generated revenue of €344.0 million, reflecting total growth of 6.2% and organic growth of 6.5% year-on-year. This performance was supported by both brands, with Axway contributing €160.8 million in revenue and organic growth of 8.9%, and SBS contributing €184.2 million with 5.0% organic growth (compared to proforma H1 2024).

Half-year Revenue Breakdown by Type

	H1 2025	H1 2024 Proforma	H1 2024 Restated	Total Growth	Organic Growth
€m / %	H1 2025	H1 2024 Proforma	H1 2024 Restated	Total Growth	Organic Growth
Product revenue	280.0	248.7	248.1	12.6%	12.9%
Recurring revenue	258.0	229.3	228.7	12.5%	12.8%
o/w Maintenance & Support	91.5	96.2	96.0	-4.9%	-4.7%
o/w Customer-managed Subscription	98.7	76.6	76.5	28.8%	29.0%
o/w Own-managed Subscription	67.8	56.5	56.2	20.0%	20.6%
License revenue	22.1	19.4	19.4	13.5%	13.7%

Services revenue	64.0	75.2	74.9	-14.9%	-14.6%

Total revenue	344.0	323.9	323.0	6.2%	6.5%

In the first half of 2025, Product revenue reached €280.0 million, up 12.9% organically, reflecting strong execution across both Axway and SBS. The Group continued to benefit from rising demand for subscription-based offers, with both customer-managed and own-managed subscriptions posting growth above 20%. Maintenance revenue declined as anticipated, while license activity increased but remained low at 6.4% of total revenue. Product revenues accounted for 81% of total revenue (up from 77% in H1 2024) and recurring revenues were at 75% of total revenue (up from 71% in H1 2024), confirming 74Software’s successful transition toward a product- and subscription-led model.

Axway generated €143.3 million in product revenue, up 10.5% organically. Recurring activities made nearly the entire contribution, driven by a 29.5% increase in customer-managed subscriptions and 6.8% growth in own-managed deployments, reflecting continued momentum in hybrid environments. License revenue decreased by 34.9% as the company continues to phase out new license sales. Maintenance and support dropped by 20.6% due to the continued shift of the customer base towards subscription models. Services revenue was slightly lower, down 2.2%, and represented 11% of Axway’s total.

SBS recorded €137.7 million in product revenue, up 16.3% organically, with strong performance across all product categories. Own-managed subscriptions rose by 35.2%, customer-managed subscriptions by 25.5%, and maintenance and support increased by 4.2%, supported by a growing installed base. License revenue climbed 21.2%, reflecting continued expansion of integrated and lending solutions. Recurring revenue now represents 64% of SBS’s business (up from 58% in H1 2024), with services accounting for 25% and licenses for 11%. This illustrates SBS’s continued shift from a service-led to a product-led business model.

Group-wide, Services generated €64.0 million in the first half, or 18.6% of total revenue, down 14.6% compared to last year. This decrease mainly reflects SBS’s repositioning, while Axway’s service contribution remained stable. The difference in service trends between the two businesses stems from their respective models. Axway relies on lighter implementation cycles, whereas SBS delivers more comprehensive banking transformation programs.

At the end of June 2025, ARR for Axway stood at €255.9 million, reflecting an organic growth of 11.8% year-on-year. SBS also continued to expand its ARR to €233.3 million, up 10.9% organically year-on-year. These solid performances confirm the effectiveness of both companies’ strategic repositioning and reinforce the Group’s revenue predictability and resilience.

Comments on H1 2025 product line performance

Axway, a recognized leader in application infrastructure and middleware, delivered solid momentum in the first half of 2025. All product lines contributed to growth, supported by strong commercial execution and increasing demand for cloud-based solutions:

Managed File Transfer remained a key contributor despite a normalization of activity following an exceptional 2024. The gradual erosion of legacy maintenance was more than offset by strong momentum in managed deployments, confirming the sustained value of Axway’s hybrid approach.
B2B Integration delivered robust gains across the board, benefiting from growing demand for managed solutions and early signs of successful cross-sell with SBS. The product line also saw improvements in both subscription and service revenue.
API Management accelerated sharply, supported by strong commercial execution and increased adoption of its integration and engagement modules. The Fusion extension also contributed positively, confirming the platform’s potential.
Specialized Products, including the Financial Accounting Hub, maintained steady momentum through targeted compliance and finance use cases. Recent wins via ecosystem partnerships reinforced Axway’s positioning with key accounts.

SBS, a trusted provider of banking and financing software, posted solid growth in all product lines, confirming the strength of its modular and targeted approach as it continues its shift toward a product-led model:

Financing Products maintained a steady trajectory, reflecting stable demand in wholesale auto finance and UK mortgage service. Activity remained resilient despite longer decision cycles in certain regions.
- Modular Products continued to gain traction, primarily driven by momentum in instant payments and the regulatory reporting platform. Cross-sell into the integrated base gained pace, confirming the appeal of modular architectures.
- Integrated Products delivered consistent performance, with solid customer retention and ongoing functional improvements. In some markets, modular alternatives are beginning to complement legacy platforms, paving the way for more composable setups. SBS’ market-leading product in Africa continues to perform strongly, adding new customers as well as increasing share of wallet in its installed base.
Banking Components continued to gain momentum, particularly in payments, lending, and cards. The strength of customer relationships across key accounts in France continues to drive upsells.

Comments on H1 2025 profit on operating activities

Profit on Operating Activities – Group

	H1 2025		H1 2024 Proforma		Change
	€m	% of Rev.	€m	% of Rev.	€m	Basis Points
Product revenue	280.0	81.4%	248.7	76.8%	+ 31.3	+ 461
Services revenue	64.0	18.6%	75.2	23.2%	– 11.2	– 461
Total revenue	344.0		323.9		+ 20.1
Total costs of revenue	115.9		117.1		– 1.2
GROSS PROFIT	228.1	66.3%	206.9	63.9%	+ 21.2	+ 243
o/w product gross profit	217.9	77.8%	191.7	77.0%	+ 26.2	+ 75
o/w services gross profit	10.2	15.9%	15.2	20.2%	– 5.0	– 422
Operating expenses	186.8	54.3%	186.9	57.7%	– 0.1	– 341
o/w research & development	93.2	27.1%	95.0	29.3%	– 1.8	– 224
o/w sales & marketing	62.8	18.3%	62.3	19.2%	+ 0.5	– 96
o/w general & administrative	30.8	8.9%	29.6	9.1%	+ 1.1	– 20
PROFIT ON OPERATING ACTIVITIES	41.3	12.0%	19.9	6.1%	+ 21.4	+ 585
Net Capitalisation of R&D	8.4	2.4%	9.1	2.8%	– 0.8	– 39
in % of gross R&D	8.2%		8.8%		-0.5%

In H1 2025, profit on operating activities reached €41.3 million, representing a margin of 12.0% of revenue, compared with 6.1% in H1 2024. This sharp improvement reflects strong gross profit expansion, driven by a more favorable revenue mix and tight cost control across operating expenses with all lines showing year-on-year efficiencies. Gross margins increased—particularly at Axway—thanks to strong bookings in customer-managed subscriptions, which generated significant upfront revenue at high margins.

Comments on H1 2025 net profit

Net Profit – Group

	Half-year 2025		Half-year 2024 Proforma 6M AXW + 6M SBS		Half-year 2024 Reported Axway Standalone
	€m	% of Rev.	€m	% of Rev.	€m	% of Rev.
PROFIT ON OPERATING ACTIVITIES	41.3	12.0%	19.9	6.1%	17.1	11.5%
Share-based expenses	-6.7		-2.4		-2.9
Amortization of allocated intangibles	-6.2		-7.1		-1.7
PROFIT FROM RECURRING OPERATIONS	28.4	8.3%	10.5	3.2%	12.5	8.4%
Other operating income and expenses	-8.9		-7.9		-4.1
OPERATING PROFIT	19.5	5.7%	2.6	0.8%	8.3	5.6%
Cost of financial debt	-9.0		-8.9		-2.7
Other financial income and expenses	-2.2		-2.0		-0.9
Income tax expenses	-2.5		-7.2		-2.0
NET PROFIT	5.8	1.7%	-15.6	-4.8%	2.8	1.9%
Earnings per share	0.20 €		-0.54 €		0.13 €

Profit from recurring operations reached €28.4 million, after accounting for the amortization of allocated intangibles and share-based expenses. This marks a substantial improvement from the H1 2024 proforma figure of €10.5 million.

Share-based expenses increased, reflecting the inclusion of SBS in the new long-term incentive program, the Group’s strong share price performance, and higher employer social security rates in France. The purchase price allocation (PPA) related to the SBS acquisition has now been finalized. Amortization of allocated intangibles has been restated for 2024 on a pro forma basis and is expected to total €12–13 million for full-year 2025.

After including other operating income and expenses, such as restructuring charges and non-recurring items totaling €8.9 million, operating profit amounted to €19.5 million, compared with €2.6 million on a proforma basis in H1 2024.

Net profit for the half-year came to €5.8 million (1.7%), a significant turnaround from the €15.6 million loss recorded on a proforma basis in the prior year.

Basic earnings per share stood at €0.20, compared with a loss of €0.54 per share in the first half of 2024 (proforma).

Financial position on June 30, 2025

74Software made strong progress in its deleveraging effort during H1 2025. Free cash flow was particularly robust, supported by seasonal inflows from maintenance and subscription renewals, as well as the first-time implementation of a factoring program on selected receivables. Unlevered free cash flow reached €76.4 million, enabling €42 million in debt repayments and boosting cash balances. As a result, net debt stood at €191.8 million (before IFRS 16), with a leverage ratio of 1.83x and a gearing ratio of 0.37x—achieving the full-year leverage target of below 2.0x well ahead of schedule. This deleveraging is expected to reduce interest expenses going forward. Due to seasonal patterns in cash collection, the leverage ratio is expected to remain below 2.0x through year-end, though without material further improvement.

Shareholders’ equity stood at €512.8 million (72.8% of total capital) at June 30, 2025.

Change in the workforce

At June 30, 2025, the Group employed 4,679 full-time equivalents, compared with 4,787 at year-end 2024. This 2.6% reduction reflects continued disciplined workforce management across both Axway and SBS, aligned with the Group’s operational efficiency focus.

Targets & Ambitions

Following a strong first half, 74Software confirms its full-year 2025 guidance, underpinned by solid execution and front-loaded bookings. The Group continues to target revenue growth between 2% and 4%, reaching approximately €700 million, with an operating margin between 14% and 16%. Due to the first-time introduction of the factoring program, unlevered free cash flow is now expected to be at least 10% of revenue, and the leverage ratio is projected to remain below 2.0x.

Looking ahead, 74Software reiterates its ambition to surpass €750 million in revenue by 2027 with an operating margin above 17%, and to reach around 20% by 2028 — in line with its trajectory toward a scalable, profitable, and product-led growth model.

[ NEW TIME ] Today, Thursday, July 24, 2025, 6.00 p.m. (CEST):

2025 HALF-YEAR RESULTS – VIRTUAL ANALYST CONFERENCE

Register here or join by phone by dialing one of the numbers below:
- France: +33 (0) 1 70 37 71 66 / USA: +1 786 697 3501 / International: +44 (0) 33 0551 0200

Please note that the meeting will be held in English.

Financial Calendar

Thursday, October 30, 2025, before market opening: Publication of Q3 2025 Revenue

Thursday, February 26, 2026, after market closing: Publication of 2025 Full-Year Results

Glossary and Alternative Performance Measures

Axway ARR: Annual Recurring Revenue – Expected annual billing amounts from all active maintenance and subscription agreements.

SBS ARR: Annual Recurring Revenue – Monthly recurring revenue (MRR) for the last month of the reporting period multiplied by 12. Where contracts are affected by seasonality or contracted volume-based elements, the last 12 months of revenue are aggregated in determining ARR. Expected recurring revenue from contracts signed but not yet active are not included in ARR.

NPS: Net Promoter Score – Customer satisfaction and recommendation indicator for a company.

Organic growth: Growth in revenue between the period under review and the prior period, restated for consolidation scope and exchange rate impacts.

Profit on operating activities: Profit from recurring operations adjusted for the non-cash share-based payment expense, as well as the amortization of allocated intangible assets.

Proforma: Proforma measures assume the acquisition of SBS happened at the beginning of the respective reporting period.

Restated revenue: Revenue for the prior year, adjusted for the consolidation scope and exchange rates of the current year.

Unlevered free cash flow: Free cash flow before exceptional items and before net interest expense.

About 74Software

74Software is an enterprise software group founded through the combination of Axway and SBS – independently operated leaders with unique experience and capabilities to deliver mission-critical software for a data driven world. A pioneer in enterprise integration solutions for 25 years, Axway supports major brands and government agencies around the globe with its core line of MFT, B2B, API, and Financial Accounting Hub products. SBS empowers banks and financial institutions to reimagine tomorrow’s digital experiences with a composable cloud-based architecture that enables deposits, lending, compliance, payments, consumer, and asset finance services and operations to be deployed worldwide. 74Software serves more than 11,000 companies, including over 1,500 financial service customers. To learn more, visit 74Software.com

Contacts – Investor Relations:

Arthur Carli – +33 (0)1 47 17 24 65 – acarli@74software.com

Chloé Chouard – +33 (0)1 47 17 21 78 – cchouard@74software.com

Appendices (1/5)

Income Statement – Group

	Half-year 2025		Half-year 2024 Proforma 6M AXW + 6M SBS		Half-year 2024 Reported Axway Standalone
	€m	% of Rev.	€m	% of Rev.	€m	% of Rev.
TOTAL REVENUE	344.0		323.9		148.7
Total costs of revenue	-115.9		-117.1		-44.0
GROSS PROFIT	228.1	66.3%	206.9	63.9%	104.7	70.5%
Operating expenses	-186.8		-186.9		-87.6
PROFIT ON OPERATING ACTIVITIES	41.3	12.0%	19.9	6.1%	17.1	11.5%
Share-based expenses	-6.7		-2.4		-2.9
Amortization of allocated intangibles	-6.2		-7.1		-1.7
PROFIT FROM RECURRING OPERATIONS	28.4	8.3%	10.5	3.2%	12.5	8.4%
Other operating income and expenses	-8.9		-7.9		-4.1
OPERATING PROFIT	19.5	5.7%	2.6	0.8%	8.3	5.6%
Cost of financial debt	-9.0		-8.9		-2.7
Other financial income and expenses	-2.2		-2.0		-0.9
Income tax expenses	-2.5		-7.2		-2.0
NET PROFIT	5.8	1.7%	-15.6	-4.8%	2.8	1.9%
Earnings per share	0.20 €		-0.54 €		0.13 €

Simplified Balance Sheet

in €m	H1 2025 IFRS Consolidated	FY 2024 IFRS Consolidated	Change	in €m	H1 2025 IFRS Consolidated	FY 2024 IFRS Consolidated	Change
Accounts receivables	246.7	293.5	– 46.8	Cash & cash equivalents	-57.8	-41.4	– 16.4
Other current assets	123.3	101.9	+ 21.4	Financial debt	249.6	291.8	– 42.2
Accounts payables	-34.1	-28.7	– 5.4	Net debt	191.8	250.4	– 58.6
Deferred revenue	-138.2	-88.6	– 49.6	Equity	512.8	532.4	– 19.6
Other current liabilities	-137.2	-158.0	+ 20.8	CAPITAL EMPLOYED	704.6	782.8	– 78.2
Net working capital	60.5	120.1	– 59.7
Tangible fixed assets	20.9	25.0	– 4.1
Goodwill	523.1	497.4	+ 25.7		H1 2025 IFRS Consolidated	FY 2024 IFRS Consolidated	Change
Other intangibles	132.1	192.3	– 60.2
Fixed assets	676.1	714.7	– 38.6	Ratios
Other assets	100.2	78.1	+ 22.1	DSO (days)	121	145	-24
Other liabilities	-132.1	-130.1	– 2.0	Net debt / total capital	27.2%	32.0%	– 4.8%
Other assets – liabilities	-31.9	-52.0	+ 20.1	Equity / total capital	72.8%	68.0%	+ 4.8%
INVESTED ASSETS	704.5	782.8	– 78.4

Cash Flow Statement

	H1 2025			H1 2024	Change Axway H1 25 vs. H1 24
in €m	74Software	SBS	Axway	Axway Standalone	Change Axway H1 25 vs. H1 24
Operating cashflow	89.6	35.8	53.9	15.0	+ 38.8
o/w change in NWC	55.0	29.4	25.6	2.6	+ 23.1
o/w other operating cashflow	34.6	6.4	28.2	12.5	+ 15.7
Investing cashflow	-14.2	-9.8	-4.4	-2.7	– 1.6
o/w PP&E & others	-5.0	-0.6	-4.4	-2.7	– 1.7
o/w capitalized R&D	-9.2	-9.2	0.0	0.0	0.0
Financing cashflow	-58.1	-14.6	-43.4	-12.6	– 30.8
o/w debt repayment	-42.0	0.0	-42.0	0.0	– 42.0
o/w other financing cashflow	-16.1	-14.6	-1.4	-12.6	+ 11.2
NET CHANGE IN CASH	16.2	11.1	5.1	-0.2	+ 5.3

Unlevered free cashflow	76.4	29.0	47.4	13.9	+ 33.5
as a % of revenue	22.2%	15.7%	29.5%	9.4%	+ 20.1%

Appendices (2/5)

Profit on Operating Activities – Axway

	H1 2025 Axway		H1 2024 Reported Axway		Change
	€m	% of Rev.	€m	% of Rev.	€m	Basis Points
Product revenue	143.3	89.1%	130.5	87.8%	+ 12.8	+ 134
Services revenue	17.5	10.9%	18.2	12.2%	– 0.7	– 134
Total revenue	160.8		148.7		+ 12.1
Total costs of revenue	40.3		44.0		– 3.7
GROSS PROFIT	120.5	74.9%	104.7	70.4%	+ 15.8	+ 451
o/w product gross profit	119.3	83.2%	104.6	80.2%	+ 14.7	+ 308
o/w services gross profit	1.2	7.0%	0.1	0.6%	+ 1.1	+ 644
Operating expenses	93.8	58.4%	87.6	58.9%	+ 6.2	– 58
o/w research & development	32.6	20.3%	31.2	21.0%	+ 1.4	– 69
o/w sales & marketing	43.0	26.8%	41.8	28.1%	+ 1.2	– 137
o/w general & administrative	18.2	11.3%	14.6	9.8%	+ 3.6	+ 148
PROFIT ON OPERATING ACTIVITIES	26.7	16.6%	17.1	11.5%	+ 9.6	+ 508

Profit on Operating Activities – SBS

	H1 2025 SBS		H1 2024 Proforma SBS		Change
	€m	% of Rev.	€m	% of Rev.	€m	Basis Points
Product revenue	137.7	74.8%	118.2	67.5%	+ 19.5	+ 729
Services revenue	46.5	25.2%	57.0	32.5%	– 10.5	– 729
Total revenue	184.2		175.2		+ 8.9
Total costs of revenue	76.6		73.1		+ 3.5
GROSS PROFIT	107.6	58.4%	102.1	58.3%	+ 5.5	+ 14
o/w product gross profit	98.6	71.6%	87.1	73.6%	+ 11.5	– 202
o/w services gross profit	9.0	19.3%	15.1	26.4%	– 6.1	– 710
Operating expenses	93.0	50.5%	99.3	56.7%	– 6.3	– 619
o/w research & development	60.6	32.9%	63.8	36.4%	– 3.3	– 354
o/w sales & marketing	19.8	10.7%	20.5	11.7%	– 0.7	– 93
o/w general & administrative	12.6	6.8%	15.0	8.6%	– 2.4	– 173
PROFIT ON OPERATING ACTIVITIES	14.6	7.9%	2.8	1.6%	+ 11.8	+ 633

Quarterly Revenue Breakdown by Portfolio Brand

	Q1 2025	Q2 2025	H1 2025
€m	Q1 2025	Q2 2025	H1 2025
Axway Scope	82.5	78.3	160.8
SBS Scope	88.3	95.8	184.2

Consolidation	-0.4	-0.6	-1.0

74Software	170.4	173.5	344.0

Appendices (3/5)

Quarterly Revenue Breakdown by Type

	Q1 2025	Q2 2025	H1 2025
€m / %	Q1 2025	Q2 2025	H1 2025
Product revenue	139.1	141.0	280.0
Recurring revenue	129.5	128.4	258.0
o/w Maintenance & Support	47.0	44.5	91.5
o/w Customer-managed Subscription	48.6	50.1	98.7
o/w Own-managed Subscription	34.0	33.8	67.8
License revenue	9.5	12.5	22.1

Services revenue	31.3	32.6	64.0

Total revenue	170.4	173.6	344.0

Quarterly Revenue Breakdown by Type – Axway

	Q1 2025	Q2 2025	H1 2025
€m / %	Q1 2025	Q2 2025	H1 2025
Product revenue	73.4	69.8	143.3
Recurring revenue	72.1	69.5	141.6
o/w Maintenance & Support	14.4	12.8	27.2
o/w Customer-managed Subscription	43.7	43.2	87.0
o/w Own-managed Subscription	13.9	13.4	27.4
License revenue	1.3	0.4	1.7

Services revenue	9.0	8.5	17.5

Total revenue – Axway	82.5	78.3	160.8

Quarterly Revenue Breakdown by Type – SBS

	Q1 2025	Q2 2025	H1 2025
€m / %	Q1 2025	Q2 2025	H1 2025
Product revenue	66.0	71.7	137.7
Recurring revenue	57.9	59.5	117.3
o/w Maintenance & Support	32.5	31.7	64.2
o/w Customer-managed Subscription	4.9	6.9	11.7
o/w Own-managed Subscription	20.5	20.9	41.4
License revenue	8.2	12.2	20.4

Services revenue	22.3	24.2	46.5

Total revenue SBS	88.3	95.8	184.2

Appendices (4/5)

Half-year Revenue Breakdown by Portfolio Brand & Type

	H1 2025 Axway	H1 2025 SBS	H1 2025 Consolidation	H1 2025 74Software
€m / %	H1 2025 Axway	H1 2025 SBS	H1 2025 Consolidation	H1 2025 74Software
Product revenue	143.3	137.7	-1.0	280.0
Recurring revenue	141.6	117.3	-1.0	258.0
o/w Maintenance & Support	27.2	64.2	0.0	91.5
o/w Customer-managed Subscription	87.0	11.7	0.0	98.7
o/w Own-managed Subscription	27.4	41.4	-1.0	67.8
License revenue	1.7	20.4	0.0	22.1

Services revenue	17.5	46.5	0.0	64.0

Total revenue	160.8	184.2	-1.0	344.0

Half-year Revenue Breakdown by Portfolio Brand & Type

	H1 2024 Axway	H1 2024 Proforma SBS	H1 2024 Proforma Consolidation	H1 2024 Proforma 74Software
€m / %	H1 2024 Axway	H1 2024 Proforma SBS	H1 2024 Proforma Consolidation	H1 2024 Proforma 74Software
Product revenue	130.5	118.2	0.0	248.7
Recurring revenue	127.9	101.4	0.0	229.3
o/w Maintenance & Support	34.6	61.6	0.0	96.2
o/w Customer-managed Subscription	67.3	9.3	0.0	76.6
o/w Own-managed Subscription	25.9	30.5	0.0	56.5
License revenue	2.6	16.8	0.0	19.4

Services revenue	18.2	57.0	0.0	75.2

Total revenue	148.7	175.2	0.0	323.9

Half-year Revenue Breakdown by Region

	H1 2025		H1 2024 Proforma	H1 2024 Restated	Total Growth	Organic Growth
	H1 2025
	€m	% of Rev.
Europe	208.1	60.5%	203.0	203.2	2.5%	2.4%
o/w France	99.5	28.9%	99.7	99.7	-0.2%	-0.2%
o/w UK	46.7	13.6%	44.8	45.0	4.3%	3.7%
Americas	73.3	21.3%	65.6	64.6	11.7%	13.5%
Middle East & Africa	43.1	12.5%	39.3	39.3	9.7%	9.7%
Asia & Pacific	19.4	5.7%	15.9	15.8	22.0%	22.7%

74Software	344.0		323.9	323.0	6.2%	6.5%

Appendices (5/5)

Headcount

	30/06/2025	31/12/2024	Change
Europe	3.001	3.090	-89
Americas	370	378	-8
Asia – Pacific	869	882	-13
Middle East – Africa	439	437	2

TOTAL	4.679	4.787	-108

Impact on Half-year Revenue of Changes in Scope and Exchange Rates

€m / %	H1 2025	H1 2024	Growth
Revenue	344.0	148.7	+ 131.4%
Changes in exchange rates		-0.9
Revenue at constant exchange rates	344.0	147.7	+ 132.8%
Changes in scope		+175.2
Revenue at constant scope and exchange rates	344.0	323.0	+ 6.5%

Changes in Main Exchange Rates

For 1€	Average Rate H1 2025	Average rate H1 2024	Change
US Dollar	1.093	1.081	– 1.1%
Great Britain Pound	0.842	0.855	+ 1.5%

1 The interim consolidated financial statements were subject to limited review procedures.

Attachment

24072025_74Software_PR_H1 Results 2025_English_VFinal

The MIL Network –

July 25, 2025

MIL-OSI: 74Software: Sustained Momentum Reinforces Long-Term Objectives

Source: GlobeNewswire (MIL-OSI)

Press Release
Paris, July 24, 2025

74Software: Sustained Momentum Reinforces Long-Term Objectives

Group H1 2025 revenue of €344.0m, up 6.5% organically and 6.2% in total
Strong H1 across both brands – Axway up 8.9% to €160.8m and SBS up 5.0% to €184.2m
Marked improvement in margin on operating activities, up 585bps to 12.0% of revenue (€41.3m)
ARR increased year-on-year by 11.8% at Axway and 10.9% at SBS, further strengthening recurring revenues

Half-Year Key Income Statement Items

	Half-year 2025		Half-year 2024 Proforma 6M AXW + 6M SBS		Half-year 2024 Reported Axway Standalone
	€m	% of Rev.	€m	% of Rev.	€m	% of Rev.
TOTAL REVENUE	344.0		323.9		148.7
GROSS PROFIT	228.1	66.3%	206.8	63.9%	104.7	70.5%
PROFIT ON OPERATING ACTIVITIES	41.3	12.0%	19.9	6.1%	17.1	11.5%
OPERATING PROFIT	19.5	5.7%	2.6	0.8%	8.3	5.6%
NET PROFIT	5.8	1.7%	-15.6	-4.8%	2.8	1.9%
EARNINGS PER SHARE	0.20 €		-0.54 €		0.13 €

Patrick Donovan, Chief Executive Officer, stated:

Comments on H1 2025 activity

Axway recorded a strong first half, with consistent growth across all product lines. Nearly 60 new customers were signed during the period (+20% year-on-year), with new-name deals accounting for around one-third of Q2 bookings. Large-scale projects gained momentum, including six contracts exceeding €1 million signed in Q2 alone. Demand for cloud-based delivery continued to rise, with Axway-managed deployments representing 40% of Q2 bookings and 35% over the first half. This shift was broad-based, with steady adoption across all geographies and industry verticals.
SBS also reported strong results, with product revenue now accounting for 75% of total revenue, up from 67% in H1 2024 — marking significant progress in the company’s shift toward a software-led model. Growth was supported by all product lines, including solid license activity in integrated platforms, components, and financing solutions, as well as continued expansion of modular offerings. The company has now contracted more than 230 SaaS regulatory reporting services, reinforcing adoption across its client base. During the period, SBS welcomed several new clients and completed the first SaaS deployment of its digital engagement platform in Europe. Two additional implementations are scheduled for the third quarter in Africa, where demand is driven by microfinance and Islamic banking. The company’s progress was also recognized through multiple industry awards highlighting its leadership in compliance, payments, and digital banking.

Comments on H1 2025 operational performance

Half-year Revenue Breakdown by Portfolio Brand

	H1 2025	H1 2024 Proforma	H1 2024 Restated	Total Growth	Organic Growth
€m / %	H1 2025	H1 2024 Proforma	H1 2024 Restated	Total Growth	Organic Growth
Axway Scope	160.8	148.7	147.6	8.1%	8.9%
SBS Scope	184.2	175.2	175.4	5.1%	5.0%

Consolidation	-1.0	0.0	0.0	–	–

74Software	344.0	323.9	323.0	6.2%	6.5%

Half-year Revenue Breakdown by Type

	H1 2025	H1 2024 Proforma	H1 2024 Restated	Total Growth	Organic Growth
€m / %	H1 2025	H1 2024 Proforma	H1 2024 Restated	Total Growth	Organic Growth
Product revenue	280.0	248.7	248.1	12.6%	12.9%
Recurring revenue	258.0	229.3	228.7	12.5%	12.8%
o/w Maintenance & Support	91.5	96.2	96.0	-4.9%	-4.7%
o/w Customer-managed Subscription	98.7	76.6	76.5	28.8%	29.0%
o/w Own-managed Subscription	67.8	56.5	56.2	20.0%	20.6%
License revenue	22.1	19.4	19.4	13.5%	13.7%

Services revenue	64.0	75.2	74.9	-14.9%	-14.6%

Total revenue	344.0	323.9	323.0	6.2%	6.5%

Comments on H1 2025 product line performance

Managed File Transfer remained a key contributor despite a normalization of activity following an exceptional 2024. The gradual erosion of legacy maintenance was more than offset by strong momentum in managed deployments, confirming the sustained value of Axway’s hybrid approach.
B2B Integration delivered robust gains across the board, benefiting from growing demand for managed solutions and early signs of successful cross-sell with SBS. The product line also saw improvements in both subscription and service revenue.
API Management accelerated sharply, supported by strong commercial execution and increased adoption of its integration and engagement modules. The Fusion extension also contributed positively, confirming the platform’s potential.
Specialized Products, including the Financial Accounting Hub, maintained steady momentum through targeted compliance and finance use cases. Recent wins via ecosystem partnerships reinforced Axway’s positioning with key accounts.

Financing Products maintained a steady trajectory, reflecting stable demand in wholesale auto finance and UK mortgage service. Activity remained resilient despite longer decision cycles in certain regions.
- Modular Products continued to gain traction, primarily driven by momentum in instant payments and the regulatory reporting platform. Cross-sell into the integrated base gained pace, confirming the appeal of modular architectures.
- Integrated Products delivered consistent performance, with solid customer retention and ongoing functional improvements. In some markets, modular alternatives are beginning to complement legacy platforms, paving the way for more composable setups. SBS’ market-leading product in Africa continues to perform strongly, adding new customers as well as increasing share of wallet in its installed base.
Banking Components continued to gain momentum, particularly in payments, lending, and cards. The strength of customer relationships across key accounts in France continues to drive upsells.

Comments on H1 2025 profit on operating activities

Profit on Operating Activities – Group

	H1 2025		H1 2024 Proforma		Change
	€m	% of Rev.	€m	% of Rev.	€m	Basis Points
Product revenue	280.0	81.4%	248.7	76.8%	+ 31.3	+ 461
Services revenue	64.0	18.6%	75.2	23.2%	– 11.2	– 461
Total revenue	344.0		323.9		+ 20.1
Total costs of revenue	115.9		117.1		– 1.2
GROSS PROFIT	228.1	66.3%	206.9	63.9%	+ 21.2	+ 243
o/w product gross profit	217.9	77.8%	191.7	77.0%	+ 26.2	+ 75
o/w services gross profit	10.2	15.9%	15.2	20.2%	– 5.0	– 422
Operating expenses	186.8	54.3%	186.9	57.7%	– 0.1	– 341
o/w research & development	93.2	27.1%	95.0	29.3%	– 1.8	– 224
o/w sales & marketing	62.8	18.3%	62.3	19.2%	+ 0.5	– 96
o/w general & administrative	30.8	8.9%	29.6	9.1%	+ 1.1	– 20
PROFIT ON OPERATING ACTIVITIES	41.3	12.0%	19.9	6.1%	+ 21.4	+ 585
Net Capitalisation of R&D	8.4	2.4%	9.1	2.8%	– 0.8	– 39
in % of gross R&D	8.2%		8.8%		-0.5%

Comments on H1 2025 net profit

Net Profit – Group

	Half-year 2025		Half-year 2024 Proforma 6M AXW + 6M SBS		Half-year 2024 Reported Axway Standalone
	€m	% of Rev.	€m	% of Rev.	€m	% of Rev.
PROFIT ON OPERATING ACTIVITIES	41.3	12.0%	19.9	6.1%	17.1	11.5%
Share-based expenses	-6.7		-2.4		-2.9
Amortization of allocated intangibles	-6.2		-7.1		-1.7
PROFIT FROM RECURRING OPERATIONS	28.4	8.3%	10.5	3.2%	12.5	8.4%
Other operating income and expenses	-8.9		-7.9		-4.1
OPERATING PROFIT	19.5	5.7%	2.6	0.8%	8.3	5.6%
Cost of financial debt	-9.0		-8.9		-2.7
Other financial income and expenses	-2.2		-2.0		-0.9
Income tax expenses	-2.5		-7.2		-2.0
NET PROFIT	5.8	1.7%	-15.6	-4.8%	2.8	1.9%
Earnings per share	0.20 €		-0.54 €		0.13 €

Net profit for the half-year came to €5.8 million (1.7%), a significant turnaround from the €15.6 million loss recorded on a proforma basis in the prior year.

Basic earnings per share stood at €0.20, compared with a loss of €0.54 per share in the first half of 2024 (proforma).

Financial position on June 30, 2025

Shareholders’ equity stood at €512.8 million (72.8% of total capital) at June 30, 2025.

Change in the workforce

Targets & Ambitions

[ NEW TIME ] Today, Thursday, July 24, 2025, 6.00 p.m. (CEST):

2025 HALF-YEAR RESULTS – VIRTUAL ANALYST CONFERENCE

Register here or join by phone by dialing one of the numbers below:
- France: +33 (0) 1 70 37 71 66 / USA: +1 786 697 3501 / International: +44 (0) 33 0551 0200

Please note that the meeting will be held in English.

Financial Calendar

Thursday, October 30, 2025, before market opening: Publication of Q3 2025 Revenue

Thursday, February 26, 2026, after market closing: Publication of 2025 Full-Year Results

Glossary and Alternative Performance Measures

Axway ARR: Annual Recurring Revenue – Expected annual billing amounts from all active maintenance and subscription agreements.

NPS: Net Promoter Score – Customer satisfaction and recommendation indicator for a company.

Organic growth: Growth in revenue between the period under review and the prior period, restated for consolidation scope and exchange rate impacts.

Profit on operating activities: Profit from recurring operations adjusted for the non-cash share-based payment expense, as well as the amortization of allocated intangible assets.

Proforma: Proforma measures assume the acquisition of SBS happened at the beginning of the respective reporting period.

Restated revenue: Revenue for the prior year, adjusted for the consolidation scope and exchange rates of the current year.

Unlevered free cash flow: Free cash flow before exceptional items and before net interest expense.

About 74Software

Contacts – Investor Relations:

Arthur Carli – +33 (0)1 47 17 24 65 – acarli@74software.com

Chloé Chouard – +33 (0)1 47 17 21 78 – cchouard@74software.com

Appendices (1/5)

Income Statement – Group

	Half-year 2025		Half-year 2024 Proforma 6M AXW + 6M SBS		Half-year 2024 Reported Axway Standalone
	€m	% of Rev.	€m	% of Rev.	€m	% of Rev.
TOTAL REVENUE	344.0		323.9		148.7
Total costs of revenue	-115.9		-117.1		-44.0
GROSS PROFIT	228.1	66.3%	206.9	63.9%	104.7	70.5%
Operating expenses	-186.8		-186.9		-87.6
PROFIT ON OPERATING ACTIVITIES	41.3	12.0%	19.9	6.1%	17.1	11.5%
Share-based expenses	-6.7		-2.4		-2.9
Amortization of allocated intangibles	-6.2		-7.1		-1.7
PROFIT FROM RECURRING OPERATIONS	28.4	8.3%	10.5	3.2%	12.5	8.4%
Other operating income and expenses	-8.9		-7.9		-4.1
OPERATING PROFIT	19.5	5.7%	2.6	0.8%	8.3	5.6%
Cost of financial debt	-9.0		-8.9		-2.7
Other financial income and expenses	-2.2		-2.0		-0.9
Income tax expenses	-2.5		-7.2		-2.0
NET PROFIT	5.8	1.7%	-15.6	-4.8%	2.8	1.9%
Earnings per share	0.20 €		-0.54 €		0.13 €

Simplified Balance Sheet

in €m	H1 2025 IFRS Consolidated	FY 2024 IFRS Consolidated	Change	in €m	H1 2025 IFRS Consolidated	FY 2024 IFRS Consolidated	Change
Accounts receivables	246.7	293.5	– 46.8	Cash & cash equivalents	-57.8	-41.4	– 16.4
Other current assets	123.3	101.9	+ 21.4	Financial debt	249.6	291.8	– 42.2
Accounts payables	-34.1	-28.7	– 5.4	Net debt	191.8	250.4	– 58.6
Deferred revenue	-138.2	-88.6	– 49.6	Equity	512.8	532.4	– 19.6
Other current liabilities	-137.2	-158.0	+ 20.8	CAPITAL EMPLOYED	704.6	782.8	– 78.2
Net working capital	60.5	120.1	– 59.7
Tangible fixed assets	20.9	25.0	– 4.1
Goodwill	523.1	497.4	+ 25.7		H1 2025 IFRS Consolidated	FY 2024 IFRS Consolidated	Change
Other intangibles	132.1	192.3	– 60.2
Fixed assets	676.1	714.7	– 38.6	Ratios
Other assets	100.2	78.1	+ 22.1	DSO (days)	121	145	-24
Other liabilities	-132.1	-130.1	– 2.0	Net debt / total capital	27.2%	32.0%	– 4.8%
Other assets – liabilities	-31.9	-52.0	+ 20.1	Equity / total capital	72.8%	68.0%	+ 4.8%
INVESTED ASSETS	704.5	782.8	– 78.4

Cash Flow Statement

	H1 2025			H1 2024	Change Axway H1 25 vs. H1 24
in €m	74Software	SBS	Axway	Axway Standalone	Change Axway H1 25 vs. H1 24
Operating cashflow	89.6	35.8	53.9	15.0	+ 38.8
o/w change in NWC	55.0	29.4	25.6	2.6	+ 23.1
o/w other operating cashflow	34.6	6.4	28.2	12.5	+ 15.7
Investing cashflow	-14.2	-9.8	-4.4	-2.7	– 1.6
o/w PP&E & others	-5.0	-0.6	-4.4	-2.7	– 1.7
o/w capitalized R&D	-9.2	-9.2	0.0	0.0	0.0
Financing cashflow	-58.1	-14.6	-43.4	-12.6	– 30.8
o/w debt repayment	-42.0	0.0	-42.0	0.0	– 42.0
o/w other financing cashflow	-16.1	-14.6	-1.4	-12.6	+ 11.2
NET CHANGE IN CASH	16.2	11.1	5.1	-0.2	+ 5.3

Unlevered free cashflow	76.4	29.0	47.4	13.9	+ 33.5
as a % of revenue	22.2%	15.7%	29.5%	9.4%	+ 20.1%

Appendices (2/5)

Profit on Operating Activities – Axway

	H1 2025 Axway		H1 2024 Reported Axway		Change
	€m	% of Rev.	€m	% of Rev.	€m	Basis Points
Product revenue	143.3	89.1%	130.5	87.8%	+ 12.8	+ 134
Services revenue	17.5	10.9%	18.2	12.2%	– 0.7	– 134
Total revenue	160.8		148.7		+ 12.1
Total costs of revenue	40.3		44.0		– 3.7
GROSS PROFIT	120.5	74.9%	104.7	70.4%	+ 15.8	+ 451
o/w product gross profit	119.3	83.2%	104.6	80.2%	+ 14.7	+ 308
o/w services gross profit	1.2	7.0%	0.1	0.6%	+ 1.1	+ 644
Operating expenses	93.8	58.4%	87.6	58.9%	+ 6.2	– 58
o/w research & development	32.6	20.3%	31.2	21.0%	+ 1.4	– 69
o/w sales & marketing	43.0	26.8%	41.8	28.1%	+ 1.2	– 137
o/w general & administrative	18.2	11.3%	14.6	9.8%	+ 3.6	+ 148
PROFIT ON OPERATING ACTIVITIES	26.7	16.6%	17.1	11.5%	+ 9.6	+ 508

Profit on Operating Activities – SBS

	H1 2025 SBS		H1 2024 Proforma SBS		Change
	€m	% of Rev.	€m	% of Rev.	€m	Basis Points
Product revenue	137.7	74.8%	118.2	67.5%	+ 19.5	+ 729
Services revenue	46.5	25.2%	57.0	32.5%	– 10.5	– 729
Total revenue	184.2		175.2		+ 8.9
Total costs of revenue	76.6		73.1		+ 3.5
GROSS PROFIT	107.6	58.4%	102.1	58.3%	+ 5.5	+ 14
o/w product gross profit	98.6	71.6%	87.1	73.6%	+ 11.5	– 202
o/w services gross profit	9.0	19.3%	15.1	26.4%	– 6.1	– 710
Operating expenses	93.0	50.5%	99.3	56.7%	– 6.3	– 619
o/w research & development	60.6	32.9%	63.8	36.4%	– 3.3	– 354
o/w sales & marketing	19.8	10.7%	20.5	11.7%	– 0.7	– 93
o/w general & administrative	12.6	6.8%	15.0	8.6%	– 2.4	– 173
PROFIT ON OPERATING ACTIVITIES	14.6	7.9%	2.8	1.6%	+ 11.8	+ 633

Quarterly Revenue Breakdown by Portfolio Brand

	Q1 2025	Q2 2025	H1 2025
€m	Q1 2025	Q2 2025	H1 2025
Axway Scope	82.5	78.3	160.8
SBS Scope	88.3	95.8	184.2

Consolidation	-0.4	-0.6	-1.0

74Software	170.4	173.5	344.0

Appendices (3/5)

Quarterly Revenue Breakdown by Type

	Q1 2025	Q2 2025	H1 2025
€m / %	Q1 2025	Q2 2025	H1 2025
Product revenue	139.1	141.0	280.0
Recurring revenue	129.5	128.4	258.0
o/w Maintenance & Support	47.0	44.5	91.5
o/w Customer-managed Subscription	48.6	50.1	98.7
o/w Own-managed Subscription	34.0	33.8	67.8
License revenue	9.5	12.5	22.1

Services revenue	31.3	32.6	64.0

Total revenue	170.4	173.6	344.0

Quarterly Revenue Breakdown by Type – Axway

	Q1 2025	Q2 2025	H1 2025
€m / %	Q1 2025	Q2 2025	H1 2025
Product revenue	73.4	69.8	143.3
Recurring revenue	72.1	69.5	141.6
o/w Maintenance & Support	14.4	12.8	27.2
o/w Customer-managed Subscription	43.7	43.2	87.0
o/w Own-managed Subscription	13.9	13.4	27.4
License revenue	1.3	0.4	1.7

Services revenue	9.0	8.5	17.5

Total revenue – Axway	82.5	78.3	160.8

Quarterly Revenue Breakdown by Type – SBS

	Q1 2025	Q2 2025	H1 2025
€m / %	Q1 2025	Q2 2025	H1 2025
Product revenue	66.0	71.7	137.7
Recurring revenue	57.9	59.5	117.3
o/w Maintenance & Support	32.5	31.7	64.2
o/w Customer-managed Subscription	4.9	6.9	11.7
o/w Own-managed Subscription	20.5	20.9	41.4
License revenue	8.2	12.2	20.4

Services revenue	22.3	24.2	46.5

Total revenue SBS	88.3	95.8	184.2

Appendices (4/5)

Half-year Revenue Breakdown by Portfolio Brand & Type

	H1 2025 Axway	H1 2025 SBS	H1 2025 Consolidation	H1 2025 74Software
€m / %	H1 2025 Axway	H1 2025 SBS	H1 2025 Consolidation	H1 2025 74Software
Product revenue	143.3	137.7	-1.0	280.0
Recurring revenue	141.6	117.3	-1.0	258.0
o/w Maintenance & Support	27.2	64.2	0.0	91.5
o/w Customer-managed Subscription	87.0	11.7	0.0	98.7
o/w Own-managed Subscription	27.4	41.4	-1.0	67.8
License revenue	1.7	20.4	0.0	22.1

Services revenue	17.5	46.5	0.0	64.0

Total revenue	160.8	184.2	-1.0	344.0

Half-year Revenue Breakdown by Portfolio Brand & Type

	H1 2024 Axway	H1 2024 Proforma SBS	H1 2024 Proforma Consolidation	H1 2024 Proforma 74Software
€m / %	H1 2024 Axway	H1 2024 Proforma SBS	H1 2024 Proforma Consolidation	H1 2024 Proforma 74Software
Product revenue	130.5	118.2	0.0	248.7
Recurring revenue	127.9	101.4	0.0	229.3
o/w Maintenance & Support	34.6	61.6	0.0	96.2
o/w Customer-managed Subscription	67.3	9.3	0.0	76.6
o/w Own-managed Subscription	25.9	30.5	0.0	56.5
License revenue	2.6	16.8	0.0	19.4

Services revenue	18.2	57.0	0.0	75.2

Total revenue	148.7	175.2	0.0	323.9

Half-year Revenue Breakdown by Region

	H1 2025		H1 2024 Proforma	H1 2024 Restated	Total Growth	Organic Growth
	H1 2025
	€m	% of Rev.
Europe	208.1	60.5%	203.0	203.2	2.5%	2.4%
o/w France	99.5	28.9%	99.7	99.7	-0.2%	-0.2%
o/w UK	46.7	13.6%	44.8	45.0	4.3%	3.7%
Americas	73.3	21.3%	65.6	64.6	11.7%	13.5%
Middle East & Africa	43.1	12.5%	39.3	39.3	9.7%	9.7%
Asia & Pacific	19.4	5.7%	15.9	15.8	22.0%	22.7%

74Software	344.0		323.9	323.0	6.2%	6.5%

Appendices (5/5)

Headcount

	30/06/2025	31/12/2024	Change
Europe	3.001	3.090	-89
Americas	370	378	-8
Asia – Pacific	869	882	-13
Middle East – Africa	439	437	2

TOTAL	4.679	4.787	-108

Impact on Half-year Revenue of Changes in Scope and Exchange Rates

€m / %	H1 2025	H1 2024	Growth
Revenue	344.0	148.7	+ 131.4%
Changes in exchange rates		-0.9
Revenue at constant exchange rates	344.0	147.7	+ 132.8%
Changes in scope		+175.2
Revenue at constant scope and exchange rates	344.0	323.0	+ 6.5%

Changes in Main Exchange Rates

For 1€	Average Rate H1 2025	Average rate H1 2024	Change
US Dollar	1.093	1.081	– 1.1%
Great Britain Pound	0.842	0.855	+ 1.5%

1 The interim consolidated financial statements were subject to limited review procedures.

Attachment

24072025_74Software_PR_H1 Results 2025_English_VFinal

The MIL Network –

July 25, 2025

MIL-OSI: Mintlify acquires Trieve to advance AI-powered knowledge retrieval

Source: GlobeNewswire (MIL-OSI)

SAN FRANCISCO, July 24, 2025 (GLOBE NEWSWIRE) — Mintlify announced today the acquisition of Trieve, a provider of retrieval-augmented generation (RAG) infrastructure. The move reinforces Mintlify’s modernization of how product knowledge is accessed—particularly as AI changes user expectations around support and documentation.

Historically, searching for help within software products required sifting through long-form documentation or relying on brittle search tools. But with the rise of generative AI, users now expect faster, conversational, contextual answers grounded in reliable sources.

Mintlify has been pushing toward this future, powering documentation for companies like Anthropic, Cursor, and Zapier. Its AI assistant, released earlier this year, allows users to answer questions from docs with a conversational, agentic flow. Behind the scenes, Mintlify also pioneered llms-full.txt, a now-widely adopted format that makes documentation easier for LLMs to parse and index.

Trieve’s infrastructure complements this strategy, giving Mintlify better scale and deeper control over how information is retrieved and ranked for users, whether by search or conversation.

“This acquisition is an investment in our vision for transforming knowledge retrieval,” said Han Wang, CEO of Mintlify. “Our mission is to empower builders, which starts with providing knowledge at their fingertips. The Trieve team brings deep expertise and a shared belief in building tools that get people from question to answer faster.”

“From the beginning, Trieve has been focused on helping developers go from zero to one with ease,” said Nick Khami, CEO and Co-founder of Trieve. “Mintlify’s commitment to developer experience and pushing the boundaries of AI-native workflows makes this a natural fit for our team.”

The Trieve team will join Mintlify to continue building the infrastructure that powers fast, accurate, and context-rich answers across all types of documentation.

For more information about the acquisition, learn more at Mintlify’s blog.

About Mintlify

Mintlify helps teams create and manage beautiful, AI-native documentation with minimal engineering effort. Built for developers and collaborators alike, it offers both a docs-as-code and visual editing workflow, AI-powered writing, and a conversational assistant grounded in your content. Trusted by leaders like Anthropic, Cursor, and Zapier.

Contact:

hi@mintlify.com

(415) 528 – 7780

The MIL Network –

July 25, 2025

MIL-OSI: Cegedim: Like-for-like revenues grew 2.8% in the first half

Source: GlobeNewswire (MIL-OSI)


PRESS RELEASE

First-half financial information as of June 30, 2025
IFRS – Regulated information – Not audited

Cegedim: Like-for-like revenues grew 2.8% in the first half

Revenue grew 1.1% as reported and 2.8% LFL to €322.5 million in the first half of 2025.
The HR, marketing, health insurance, and digitalization businesses delivered the most solid growth.

Boulogne-Billancourt, France, July 24, 2025, after the market close

Revenue

	First half		Change H1 2025 / 2024
in millions of euros	2025	2024		Reported	Life for like⁽¹⁾⁽²⁾
Software & Services	144.4	152.1		(5.1)%	(1.5)%
Flow	53.4	49.5		+7.8%	+7.7%
Data & Marketing	63.4	59.3		+6.9%	+6.8%
BPO	43.2	39.9		+8.1%	+8.1%
Cloud & Support	18.2	18.1		+0.3%	+0.3%
Cegedim	322.5	319.0		+1.1%	+2.8%

Cegedim’s consolidated first-half 2025 revenues rose to €322.5 million, up 1.1% as reported and 2.8% like for like⁽¹⁾ compared with the same period in 2024.

The HR, marketing, health insurance, and invoice & procurement digitalization businesses delivered the most solid growth over the first half. The deconsolidation of INPS in the UK on December 10, 2024, following its voluntary placement in administration, weighed on reported growth at the Software & Services division and Group level.

Analysis of business trends by division

Software & Services

Software & Services	First half		Change H1 2025 / 2024
in millions of euros	2025	2024	Reported	Like for like⁽¹⁾
Cegedim Santé	38.4	38.9	(1.3)%	(5.7)%
Insurance, HR, Pharmacies, and other services	87.5	86.7	+0.9%	+1.0%
International businesses	18.5	26.5	(30.3)%	(3.2)%
Software & Services	144.4	152.1	(5.1)%	(1.5)%

Revenues at Cegedim Santé fell 1.3% as reported in the first half, and 5.7% like for like. Visiodent contributed over the entire first half, vs just four months in 2024. Maiia software and the Claude Bernard database both performed well, whereas orders for more established offerings were somewhat subdued. Sales mainly slowed because a data service agreement came to an end in late 2024 and was renewed in the second quarter of 2025 at a lower rate.

The division’s other French subsidiaries saw revenue growth of 0.9% as reported and 1.0% like for like. The division was propelled by a surge in HR business across all client segments and by Health insurance, thanks to robust project-based sales, with new signings and the start of projects won in 2024. On the other hand, business with pharmacists in France was a drag on growth.

International businesses posted reported revenues down 30.3% owing to the deconsolidation of INPS in the UK from December 10, 2024, following its voluntary placement in administration. Like-for-like revenues fell 3.2%. The decline was again due to the UK: the Pharmacy First program in H1 2024 created a challenging comparison for pharmacy activities and a client of Activus, a UK subsidiary selling software for health and provident insurance for expats, went out of business. Even so, both businesses have clear prospects that will reverse the downward trend in the months ahead. Other international activities had a positive quarter—particularly in Spain—and remain on track.

Flow	First half		Change H1 2025 / 2024
in millions of euros	2025	2024	Reported	Like for like⁽²⁾
e-business	32.1	30.0	7.1%	7.0%
Third-party payer	21.3	19.5	8.8%	8.8%
Flow	53.4	49.5	7.8%	7.7%

First-half growth in e-business, e-invoicing, and digitized data exchanges was 7.1% as reported and 7.0% like for like. Both of the division’s two main business lines contributed: “Invoicing & Procurement” (France and UK) and “Healthcare Flows” (notably in pharmaceutical supply chain security for hospitals).

The Third-party payer business experienced 8.8% growth in H1. It was boosted by strong growth in demand for its fraud and long-term illness detection offerings, a trend that began in the second half of 2024 and continued in H1 2025 with the signing of a fourteenth client.

Data & Marketing

Data & Marketing	First half		Change H1 2025 / 2024
in millions of euros	2025	2024	Reported	Like for like⁽¹⁾
Data	28.7	28.0	2.5%	2.3%
Marketing	34.7	31.3	10.8%	10.8%
Data & Marketing	63.4	59.3	6.9%	6.8%

Data businesses were up 2.5% in the first half on the back of a strong performance in France, which offset a mixed showing abroad.

The Marketing segment posted robust H1 growth of 10.8% owing to strong sales after new client wins and brisk business with existing clients.

BPO	First half		Change H1 2025 / 2024
in millions of euros	2025	2024	Reported	Like for like⁽¹⁾
Insurance BPO	31.2	28.7	8.8%	8.8%
Business Services BPO	12.0	11.2	6.4%	6.4%
BPO	43.2	39.9	8.1%	8.1%

The Insurance BPO business grew by 8.8% over the first half, chiefly owing to its overflow business, which has been flourishing because it serves a critical need for clients.

Business Services BPO (HR and digitalization) reported growth of 6.4% in the first half, again on the back of a popular compliance offering, which is winning new clients.

Cloud & Support

Cloud & Support	First half		Change H1 2025 / 2024
in millions of euros	2025	2024	Reported	Like for like⁽¹⁾
Cloud & Support	18.2	18.1	0.3%	0.3%

Cloud & Support division revenues grew 0.3% in the first half. The non-renewal of a significant outsourcing contract in the second quarter was a drag on growth and obscured the fact that an expanded range of products backed by Cegedim’s sovereign cloud has been very successful.

Highlights

SBTi validates Cegedim’s decarbonization targets

The Science Based Targets initiative (SBTi) officially validated Cegedim Group’s greenhouse gas emission reduction targets on June 12, 2025. SBTi is the global standard for measuring companies’ carbon footprints and certifying their stated action plans for reducing emissions in line with the ambitious goals of the Paris Climate Agreement. Cegedim is now part of the select group of about 8,000 companies whose plans have been validated. This major step reflects the strong commitment of Cegedim’s senior management, also mobilizing all subsidiaries, to the sustainable development of the Group’s activities.

Switch to Euronext Growth

At its meeting on June 13, 2025, the Board of Directors decided to move forward with the resolution approved that same day by the general shareholders’ meeting to transfer Cegedim’s shares to the Euronext Growth stock exchange. The Group is currently completing formalities so it can make the switch in early September 2025. The Group discussed the rationale for the move and its impacts in a press release dated June 13, 2025.

Conversion of the credit facility into a sustainability-linked loan

On June 16, 2025, the Group negotiated an addendum with all of the parties to its loan agreement to add performance clauses related to 2030 ESG commitments, making this a sustainability-linked loan. By adhering to the annual Scopes 1 & 2 and Scope 3 decarbonization trajectory validated by SBTi, and by making progress on gender equality in senior management, the Group will be able to lower interest rate by up to 0.05 percentage points for the bank portion and by 0.10 to 0.40 percentage points for the non-bank portion. Conversely, failure to respect those commitments will increase the interest rate by a commensurate amount. The first milestone for applying this arrangement will be the 2025 ESG performance as reported in 2026.

Significant transactions and events post June 30, 2025

Workforce restructuring at the pharmacy business

The Group has decided to restructure the workforce at its pharmacy management software business in France, which will result in making around 100 positions redundant. By rethinking its organization and reconfiguring to align with market trends and client needs, the company hopes to return to a level of performance that ensures a solid foundation for its employees and allows it to innovate for its clients.
After the semester close, the Group received approval from France’s regional labor and economics agency, DRIEETS, for the collective agreement it negotiated in the second quarter of 2025 with employee representatives. The Group is now determining what level of provision will be earmarked in the H1 2025 financial statements.

To the best of the company’s knowledge, apart from the impact of the above items, there were no post-closing events or changes after June 30, 2025, that would materially alter the Group’s financial situation.

Outlook

Based on the currently available information, the Group expects 2025 like-for-like revenue⁽³⁾ growth to be in the range of 2-4% relative to 2024. Recurring operating income should continue to improve, following a similar trajectory as in 2024.

These targets are not forecasts and may need to be revised if there is a significant worsening of geopolitical, macroeconomic, or currency risks.

——————-

WEBCAST ON JULY 24, 2025, AT 6:15 PM (PARIS TIME)

The webcast is available at: www.cegedim.fr/webcast

The H1 2025 revenues presentation is available here:
https://www.cegedim.fr/documentation/Pages/presentation.aspx

Financial calendar

2025

September 25 after the close

September 26 at 10:00 am

October 23 after the close

H1 2025 Earnings

SFAF meeting

Q3 2025 revenues

Financial calendar: https://www.cegedim.fr/finance/agenda/Pages/default.aspx

Disclaimer
This press release is available in French and in English. In the event of any difference between the two versions, the original French version takes precedence. This press release may contain inside information. It was sent to Cegedim’s authorized distributor on July 24, 2025, no earlier than 5:45 pm Paris time.
The figures cited in this press release include guidance on Cegedim’s future financial performance targets. This forward-looking information is based on the opinions and assumptions of the Group’s senior management at the time this press release is issued and naturally entails risks and uncertainty. For more information on the risks facing Cegedim, please refer to Chapter 7, “Risk management”, section 7.2, “Risk factors and insurance”, and Chapter 3, “Overview of the financial year”, section 3.6, “Outlook”, of the 2024 Universal Registration Document filled with the AMF on April 7, 2025, under number D.24-0233.

About Cegedim:
Founded in 1969, Cegedim is an innovative technology and services group in the field of digital data flow management for healthcare ecosystems and B2B, and a business software publisher for healthcare and insurance professionals. Cegedim employs nearly
6,700 people in more than 10 countries and generated revenue of over €654 million in 2024.
Cegedim SA is listed in Paris (EURONEXT: CGM).
To learn more please visit: www.cegedim.fr
And follow Cegedim on X: @CegedimGroup, LinkedIn, and Facebook.

Aude Balleydier
Cegedim
Media Relations
and Communications Manager

Tel.: +33 (0)1 49 09 68 81
aude.balleydier@cegedim.fr

Damien Buffet
Cegedim
Head of Financial
Communication

Tel.: +33 (0)7 64 63 55 73
damien.buffet@cegedim.com

Céline Pardo
Becoming RP Agency
Media Relations Consultant

Tel.: +33 (0)6 52 08 13 66
cegedim@becoming-group.com

____________________________________________________________________________________________________________________________________________________

Annexes

Breakdown of revenue by quarter and division

in millions of euros	Q1	Q2	Q3	Q4	Total
Software & Services	72.4	72.0			144.4
Flow	27.6	25.8			53.4
Data & Marketing	29.9	33.5			63.4
BPO	21.1	22.1			43.2
Cloud & Support	10.3	7.8			18.2
Consolidated Group revenue	161.3	161.2			322.5

in millions of euros	Q1	Q2	Q3		Q4	Total
Software & Services	74.4	77.8		75.6	80.1	307.8
Flow	25.4	24.2		23.7	27.0	100.3
Data & Marketing	27.0	32.3		28.2	38.4	125.9
BPO	20.2	19.7		21.6	21.2	82.7
Cloud & Support	9.0	9.1		7.7	12.0	37.8
Consolidated Group revenue	155.9	163.1		156.8	178.7	654.5

Revenue breakdown by geographic zone, currency, and division at June 30, 2025

as a % of consolidated revenues	Geographic zone			Currency
as a % of consolidated revenues	France	EMEA ex. France	Americas	Euro	GBP	Other
Software & Services	87.2%	12.7%	0.1%	91.0%	7.0%	2.0%
Flow	91.7%	8.3%	0.0%	94.2%	5.8%	0.0%
Data & Marketing	97.7%	2.3%	0.0%	98.2%	0.0%	1.8%
BPO	100.0%	0.0%	0.0%	100.0%	0.0%	0.0%
Cloud & Support	97.2%	2.8%	0.0%	97.2%	0.0%	2.8%
Cegedim	92.3%	7.6%	0.1%	94.5%	4.1%	1.4%

(1) At constant scope and exchange rates.

(2) The positive currency impact of 0.1% was mainly due to the pound sterling. The negative scope effect of 1.8% was attributable to the deconsolidation of INPS as of December 10, 2024, which the consolidation of Visiodent starting March 1, 2024, only partly offset.
⁽2⁾At constant scope and exchange rates.

⁽3⁾At constant scope and exchange rates.

Attachment

Cegedim_Revenue_1H2025_ENG

The MIL Network –

July 25, 2025

MIL-OSI USA: ICYMI: Gov. Hochul’s Op-Ed in the USA Today Network

Source: US State of New York

oday, the USA Today Network published an op-ed by Governor Kathy Hochul outlining her commitment to securing New York’s clean energy future, including her bold new directive to the New York Power Authority to take the next step towards building an advanced nuclear power plant in Upstate New York. From leading the nation in community solar to delivering major offshore wind projects, Governor Hochul lays out her vision for an energy strategy to power the next generation of jobs, technology, and economic growth and explains why advanced nuclear must be part of that future. Text of the op-ed can be viewed online and is available below:

Affordability starts with energy.

Whether it’s powering a home, a business, or a factory floor, reliable and reasonably priced electricity makes New York’s high quality of life possible. That’s why I’ve made it a cornerstone of our strategy to grow jobs, attract investment, and give families a reason to stay and build their lives here.

It’s why I’ve worked to attract transformational economic development projects, like Micron’s $100 billion semiconductor campus outside of Syracuse and our nation-leading effort to create the country’s largest super computer dedicated to responsible AI in Buffalo. These investments bring jobs, opportunity, and long-overdue momentum to upstate communities.

I grew up in Western New York. I remember when the region thrived — when energy from the Niagara River powered steel plants, car factories, and a middle class strong enough to support entire towns. In 1961, President John F. Kennedy stood at the opening of the Niagara hydropower plant and called it “an example to the world of North American efficiency and determination.”

But when the economic tides shifted and innovation stalled, upstate cities were left behind. What followed was decades of disinvestment and job loss.

Now, New York has a chance to reverse that trend — but we need to ensure we have the sufficient power to do it. I believe our state can lead the next energy revolution and, in doing so, bring a new era of prosperity to the regions that once powered America.

NYPA must embrace advance nuclear power upstate

That’s why I recently directed the New York Power Authority to take the next step in building an advanced nuclear power plant upstate. It’s a bold move, but one grounded in reality. If we want to power the economy of the future, we need a clean, reliable, around-the-clock source of electricity. Advanced nuclear power can deliver that.

New York is already a national leader in renewable energy. We’ve topped the charts two years running as the number one community solar market in the country and beat our 2025 distributed solar goal a year ahead of schedule. We built South Fork Wind, the nation’s first utility-scale offshore wind farm, and put two more major projects — Sunrise Wind and Empire Wind — back on track after I raised their importance directly with the White House.

These aren’t just policy wins. They represent real jobs, clean power, and progress.

But solar only works when the sun shines, and wind turbines only spin when the weather is right. The industries of tomorrow need a fully dependable electric grid. They need certainty, which means renewables and clean baseload.

The next chapter of New York’s economy depends on our ability to power it. Without enough clean and affordable energy, we won’t be able to support the jobs, homes and innovations we’re fighting to bring here.

Imagine this: Microchips manufactured outside Syracuse are shipped to the University at Buffalo, where they power AI research. Those breakthroughs spark new startups in Rochester, create supply chain opportunities in Binghamton, and support robotics labs in Schenectady. That’s the future we want for upstate New York — one where our communities are connected, our workforce is empowered and our economy is firing on all cylinders.

But that vision doesn’t run on hope. It runs on electricity, and a lot of it.

That’s why I’ve committed to an all-of-the-above energy strategy. In just the last five years, we’ve built more than two gigawatts of renewable energy, making New York’s electric grid the second cleanest per capita in the country. But we can’t stop there.

Advanced nuclear power can fuel New York’s future

Advanced nuclear power offers baseload electricity without burning fossil fuels. One gigawatt can power one million homes. It’s reliable, carbon-free, and scalable. And it’s not untested — New York already has three nuclear plants that have operated safely and efficiently for decades. These next-generation reactors will be even more advanced and secure.

I understand concerns about cost. Some projects, like the plant in Georgia, came in late and over budget. We are learning from those experiences, applying best practices and ensuring tight oversight. We can show the country that New York still knows how to build with ambition, discipline and results.

We’re not just imagining the future. We’re constructing it. When we pair New York’s world-class workforce with forward-looking energy investments, we unlock a new era of innovation and inclusive economic growth.

Energy helped write the story of the Rust Belt’s rise and fall. Now, it can power the comeback. Let’s seize that opportunity — and build the future that every New Yorker deserves.

Kathy Hochul is Governor of New York.

MIL OSI USA News –

July 25, 2025

MIL-OSI: NorthEast Community Bancorp, Inc. Reports Results for the Three and Six Months Ended June 30, 2025

Source: GlobeNewswire (MIL-OSI)

WHITE PLAINS, N.Y., July 24, 2025 (GLOBE NEWSWIRE) — NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), reported net income of $11.2 million, or $0.85 per basic share and $0.82 per diluted share, for the three months ended June 30, 2025 compared to net income of $12.8 million, or $0.98 per basic share and $0.97 per diluted share, for the three months ended June 30, 2024. In addition, the Company reported net income of $21.7 million, or $1.65 per basic share and $1.60 per diluted share, for the six months ended June 30, 2025 compared to net income of $24.2 million, or $1.84 per basic share and $1.83 per diluted share, for the six months ended June 30, 2024.

Kenneth A. Martinek, Chairman of the Board and Chief Executive Officer, stated “We are once again pleased to be able to report continued strong performance throughout our entire loan portfolio, with continuing focus on construction lending in high demand, high absorption sub-markets, as well as our growing cooperative building lending program throughout Manhattan, Brooklyn, the Bronx, and Queens. Despite the uncertainty throughout the national economy during the first half of the year, loan demand continues to increase with outstanding unfunded commitments exceeding $636 million at June 30, 2025.”

Highlights for the three months and six months ended June 30, 2025 are as follows:

Performance metrics continue to be strong with a return on average total assets ratio of 2.27%, a return on average shareholders’ equity ratio of 13.37%, and an efficiency ratio of 40.52% for the three months ended June 30, 2025. For the six months ended June 30, 2025, the Company reported a return on average total assets ratio of 2.20%, a return on average shareholders’ equity ratio of 13.18%, and an efficiency ratio of 41.08%.
Asset quality metrics continue to remain strong with no non-performing loans at either June 30, 2025 or December 31, 2024, and non-performing assets to total assets of 0.04% and 0.25% at June 30, 2025 and at December 31, 2024, respectively. Our allowance for credit losses related to loans totaled $4.7 million, or 0.26% of total loans at June 30, 2025 compared to $4.8 million, or 0.27% of total loans at December 31, 2024.
Total stockholders’ equity increased by $18.3 million, or 5.8%, to $336.7 million, or 17.06% of total assets as of June 30, 2025 from $318.3 million, or 15.84% of total assets as of December 31, 2024.

Balance Sheet Summary

Total assets decreased $35.7 million, or 1.8%, to $2.0 billion at June 30, 2025, from $2.0 billion at December 31, 2024. The decrease in assets was primarily due to decreases in cash and cash equivalents of $18.9 million, net loans of $14.9 million, and real estate owned of $4.4 million, partially offset by an increase of $3.4 million in equity securities.

Cash and cash equivalents decreased $18.9 million, or 24.1%, to $59.4 million at June 30, 2025 from $78.3 million at December 31, 2024. The decrease in cash and cash equivalents was a result of a decrease in deposits of $191.2 million, partially offset by increases of $135.0 million in borrowings, decreases of $14.9 million in net loans, and increases of $3.4 million in equity securities.

Equity securities increased $3.4 million, or 15.2%, to $25.3 million at June 30, 2025 from $22.0 million at December 31, 2024. The increase in equity securities was attributable to the purchase of $3.0 million in equity securities during the six months ended June 30, 2025 and market appreciation of $351,000 due to market interest rate volatility during the six months ended June 30, 2025.

Securities held-to-maturity decreased $218,000, or 1.5%, to $14.4 million at June 30, 2025 from $14.6 million at December 31, 2024 due to $128,000 in maturities and pay-downs of various investment securities.

Loans, net of the allowance for credit losses, decreased $14.9 million, or 0.8%, to $1.8 billion at June 30, 2025 from $1.8 billion at December 31, 2024. The decrease in loans consisted of decreases of $102.7 million in construction loans, $1.6 million in consumer loans, $482,000 in mixed-use loans, $475,000 in non-residential loans, and $74,000 in one-to-four family loans. The decrease in our construction loan portfolio was due to normal pay-downs and principal reductions as construction projects were completed and either condominium units were sold to end buyers or multi-family rental buildings were refinanced by other financial institutions. The decrease in construction loans was offset by increases of $85.9 million in multi-family loans of which $43.2 million is attributed to residential cooperative building loans and $4.3 million in commercial and industrial loans.

During the six months ended June 30, 2025, we originated loans totaling $462.7 million consisting primarily of $338.8 million in construction loans, $95.4 million in multi-family loans of which $32.9 million is attributed to residential cooperative building loans, $27.8 million in commercial and industrial loans, and $730,000 in mixed-use loans. The $338.8 million in construction loans had 41.6% disbursed at loan closing, with the remaining funds to be disbursed over the terms of the construction loans.

The allowance for credit losses related to loans decreased to $4.7 million as of June 30, 2025, from $4.8 million as of December 31, 2024. The decrease in the allowance for credit losses related to loans was due to charge-offs totaling $602,000, offset by recoveries totaling $434,000 and provision for credit losses totaling $62,000.

Premises and equipment increased $536,000, or 2.2%, to $25.3 million at June 30, 2025 from $24.8 million at December 31, 2024 primarily due to the purchases of additional fixed assets.

Federal Home Loan Bank stock increased $688,000, or 173.3%, to $1.1 million at June 30, 2025 from $397,000 at December 31, 2024 primarily due to an increase in borrowings from the Federal Home Loan Bank.

Bank owned life insurance (“BOLI”) increased $336,000, or 1.3%, to $26.1 million at June 30, 2025 from $25.7 million at December 31, 2024 due to increases in the BOLI cash value.

Accrued interest receivable decreased $1.4 million, or 10.1%, to $12.1 million at June 30, 2025 from $13.5 million at December 31, 2024 due to a decrease of $14.9 million in the loan portfolio.

Real estate owned decreased $4.4 million, or 85.0%, to $767,000 at June 30, 2025 from $5.1 million at December 31, 2024 due to the sale of a foreclosed property to an independent third party.

Property held for investment was $1.4 million at both June 30, 2025 and December 31, 2024.

Right of use assets — operating increased $382,000, or 9.6%, to $4.4 million at June 30, 2025 from $4.0 million at December 31, 2024, primarily due to the physical expansion of a branch office and the resulting revision to the operating lease, partially offset by the amortization of the right of use assets.

Other assets decreased $1.2 million, or 10.5%, to $10.4 million at June 30, 2025 from $11.6 million at December 31, 2024 due to decreases of $1.2 million in tax assets and $118,000 in prepaid expenses, partially offset by an increase of $116,000 in suspense accounts.

Total deposits decreased $191.2 million, or 11.5%, to $1.5 billion at June 30, 2025 from $1.7 billion at December 31, 2024. The decrease in deposits was primarily due to a decrease in certificates of deposit of $251.5 million, or 25.1%, partially offset by increases in NOW/money market accounts of $56.4 million, or 23.2%, savings account balances of $3.3 million, or 2.4%, and non-interest bearing deposits of $2.2 million, or 0.8%. The decrease of $251.5 million in certificates of deposit consisted of a decrease in retail certificates of deposit of $134.2 million, or 26.2%, and a decrease in brokered certificates of deposit of $129.1 million, or 29.7%, partially offset by an increase in non-brokered listing services certificates of deposit of $11.7 million, or 35.0%.

The decrease in retail certificates of deposit was due to a shift in deposits to our retail high yield money market accounts. The decrease in brokered certificates of deposit was due to management’s strategy to reduce the cost of funds by “calling” higher rate brokered deposits on their call dates.

Advance payments by borrowers for taxes and insurance increased $804,000, or 49.7%, to $2.4 million at June 30, 2025 from $1.6 million at December 31, 2024 due primarily to accumulation of real estate tax payments from borrowers.

Borrowings increased to $135.0 million at June 30, 2025 from none at December 31, 2024 due primarily to management’s strategy to diversify funding sources.

Lease liability – operating increased $389,000, or 9.5%, to $4.5 million at June 30, 2025 from $4.1 million at December 31, 2024, primarily due to the physical expansion of a branch office and the resulting revision to the operating lease, partially offset by the amortization of the lease liability.

Accounts payable and accrued expenses increased $970,000, or 6.7%, to $15.5 million at June 30, 2025 from $14.5 million at December 31, 2024 due primarily to increases in accrued borrowing interest expense of $905,000, accounts payable of $666,000, deferred compensation of $312,000, suspense accounts for loan closings of $269,000, and the allowance for credit losses for off-balance sheet commitments of $175,000, partially offset by a decrease in accrued expense of $1.4 million.

The allowance for credit losses for off-balance sheet commitments increased $175,000, or 24.9%, to $879,000 at June 30, 2025 from $704,000 at December 31, 2024 due primarily to an increase of $74.5 million, or 13.3%, in off-balance sheet commitments since December 31, 2024.

Stockholders’ equity increased $18.3 million, or 5.8% to $336.7 million at June 30, 2025, from $318.3 million at December 31, 2024. The increase in stockholders’ equity was due to net income of $21.7 million for the six months ended June 30, 2025, an increase of $638,000 in earned employee stock ownership plan shares coupled with a reduction of $435,000 in unearned employee stock ownership plan shares, and the amortization expense of $894,000 relating to restricted stock and stock options granted under the Company’s 2022 Equity Incentive Plan, partially offset by dividends declared of $5.4 million and $4,000 in other comprehensive loss.

Results of Operations for the Three Months Ended June 30, 2025 and 2024

Net Interest Income

Net interest income was $25.1 million for the three months ended June 30, 2025, as compared to $26.2 million for the three months ended June 30, 2024. The decrease in net interest income of $1.1 million, or 4.4%, was primarily due to a decrease in interest income that exceeded a decrease in interest expense and a decrease in the yield on interest earning assets, partially offset by a smaller decrease in the cost of funds for interest bearing liabilities.

Total interest and dividend income decreased $2.2 million, or 5.5%, to $38.0 million for the three months ended June 30, 2025 from $40.2 million for the three months ended June 30, 2024. The decrease in interest and dividend income was due to a decrease in the yield on interest earning assets by 78 basis points from 8.89% for the three months ended June 30, 2024 to 8.11% for the three months ended June 30, 2025, partially offset by an increase in the average balance of interest earning assets of $64.9 million, or 3.6%, to $1.9 billion for the three months ended June 30, 2025 from $1.8 billion for the three months ended June 30, 2024.

Interest expense decreased $1.1 million, or 7.5%, to $13.0 million for the three months ended June 30, 2025 from $14.0 million for the three months ended June 30, 2024. The decrease in interest expense was due to a decrease in the cost of interest bearing liabilities by 45 basis points from 4.33% for the three months ended June 30, 2024 to 3.88% for the three months ended June 30, 2025, partially offset by an increase in average interest bearing liabilities of $41.9 million, or 3.2%, to $1.3 billion for the three months ended June 30, 2025 from $1.3 billion for the three months ended June 30, 2024.

Our net interest margin decreased 44 basis points, or 7.6%, to 5.35% for the three months ended June 30, 2025 compared to 5.79% for the three months ended June 30, 2024. The decrease in the net interest margin was due to a 100 basis points decrease in the Federal Funds rate from September 2024 to December 2024 that resulted in a decrease in the yield on interest-earning assets, partially offset by a smaller decrease in the cost of funds on interest-bearing liabilities.

Credit Loss Expense

The Company recorded no credit loss expense for the three months ended June 30, 2025 compared to a credit loss expense reduction of $226,000 for the three months ended June 30, 2024.

The credit loss expense reduction of $226,000 for the three months ended June 30, 2024 was comprised of a credit loss expense reduction for off-balance sheet commitments of $218,000 and a credit loss expense reduction for held-to-maturity investment securities of $8,000. The credit loss expense reduction for off-balance sheet commitments of $218,000 for the three months ended June 30, 2024 was primarily attributable to a reduction of $30.4 million in the level of off-balance sheet commitments and favorable trends in the economy.

With respect to the allowance for credit losses for loans, we charged-off $485,000 during the three months ended June 30, 2025 as compared to charge-offs of $12,000 during the three months ended June 30, 2024. The charge-offs during both periods were against various unpaid overdrafts in our demand deposit accounts.

We recorded recoveries of $82,000 during the three months ended June 30, 2025 compared to no recoveries during the three months ended June 30, 2024. The recoveries of $82,000 during the three months ended June 30, 2025 comprised of recoveries from a previously charged-off unpaid overdraft on a demand deposit account.

Non-Interest Income

Non-interest income for the three months ended June 30, 2025 was $858,000 compared to non-interest income of $731,000 for the three months ended June 30, 2024. The increase of $127,000, or 17.4%, in total non-interest income was primarily due to increases of $71,000 in unrealized gain on equity securities, $48,000 in other loan fees and service charges, and $8,000 in BOLI income.

The increase in unrealized gain on equity securities was due to an unrealized gain of $51,000 on equity securities during the three months ended June 30, 2025 compared to an unrealized loss of $20,000 on equity securities during the three months ended June 30, 2024. Both the unrealized gain of $51,000 on equity securities during the three months ended June 30, 2025 and the unrealized loss of $20,000 on equity securities during the three months ended June 30, 2024 were due to market interest rate volatility during both periods.

The increase of $48,000 in other loan fees and service charges was due to an increase of $60,000 in ATM/debit card/ACH fees and an increase of $2,000 in deposit account fees, partially offset by a decrease of $14,000 in other loan fees and loan servicing fees. The increase in BOLI income of $8,000 was due to an increase in the yield on BOLI assets.

Non-Interest Expense

Non-interest expense increased $1.0 million, or 10.6%, to $10.5 million for the three months ended June 30, 2025 from $9.5 million for the three months ended June 30, 2024. The increase resulted primarily from increases of $398,000 in salaries and employee benefits, $220,000 in real estate owned expense, $151,000 in outside data processing expense, $111,000 in other operating expense, $69,000 in occupancy expense, $32,000 in equipment expense, and $29,000 in advertising expense.

Income Taxes

We recorded income tax expense of $4.3 million and $4.9 million for the three months ended June 30, 2025 and 2024, respectively. For the three months ended June 30, 2025, we had approximately $210,000 in tax exempt income, compared to approximately $199,000 in tax exempt income for the three months ended June 30, 2024. Our effective income tax rates were 27.6% for the three months ended June 30, 2025 and June 30, 2024.

Results of Operations for the Six Months Ended June 30, 2025 and 2024

Net Interest Income

Net interest income was $49.3 million for the six months ended June 30, 2025 as compared to $51.2 million for the six months ended June 30, 2024. The decrease in net interest income of $1.9 million, or 3.7%, was primarily due to a decrease in interest income that exceeded a decrease in interest expense and a decrease in the yield on interest earning assets, partially offset by a smaller decrease in the cost of funds for interest bearing liabilities.

Total interest and dividend income decreased $2.1 million, or 2.7%, to $76.2 million for the six months ended June 30, 2025 from $78.4 million for the six months ended June 30, 2024. The decrease in interest and dividend income was due to a decrease in the yield on interest earning assets by 75 basis points from 8.83% for the six months ended June 30, 2024 to 8.08% for the six months ended June 30, 2025, partially offset by an increase in the average balance of interest earning assets of $112.3 million, or 6.3%, to $1.9 billion for the six months ended June 30, 2025 from $1.8 billion for the six months ended June 30, 2024.

Interest expense decreased $242,000, or 0.9%, to $26.9 million for the six months ended June 30, 2025 from $27.2 million for the six months ended June 30, 2024. The decrease in interest expense was due to a decrease in the cost of interest bearing liabilities by 34 basis points from 4.31% for the six months ended June 30, 2024 to 3.97% for the six months ended June 30, 2025, partially offset by an increase in average interest bearing liabilities of $95.7 million, or 7.6%, to $1.4 billion for the six months ended June 30, 2025 from $1.3 billion for the six months ended June 30, 2024.

Net interest margin decreased 54 basis points, or 9.4%, to 5.23% for the six months ended June 30, 2025 compared to 5.77% for the six months ended June 30, 2024. The decrease in the net interest margin was due to a 100 basis points decrease in the Federal Funds rate from September 2024 to December 2024 that resulted in a decrease in the yield on interest-earning assets, partially offset by a smaller decrease in the cost of funds on interest-bearing liabilities.

Credit Loss Expense

The Company recorded a credit loss expense of $237,000 for the six months ended June 30, 2025 compared to a credit loss expense reduction of $391,000 for the six months ended June 30, 2024. The credit loss expense of $237,000 for the six months ended June 30, 2025 was comprised of credit loss expense for loans of $62,000 and credit loss expense for off-balance sheet commitments of $175,000.

The credit loss expense for loans of $62,000 for the six months ended June 30, 2025 was primarily due to an increase in the multi-family loan portfolio. The credit loss expense for off-balance sheet commitments of $175,000 for the six months ended June 30, 2025 was primarily due to an increase in unfunded off-balance sheet commitments.

The credit loss expense reduction of $391,000 for the six months ended June 30, 2024 was comprised of a credit loss expense reduction for off-balance sheet commitments of $235,000, a credit loss expense reduction for loans of $145,000, and a credit loss expense reduction for held-to-maturity investment securities of $11,000. The credit loss expense reduction for off-balance sheet commitments of $235,000 for the six months ended June 30, 2024 was primarily attributed to a reduction of $27.2 million in the level of off-balance sheet commitments and favorable trends in the economy. The credit loss expense reduction for loans of $145,000 for the six months ended June 30, 2024 was primarily attributed to favorable trends in the economy.

With respect to the allowance for credit losses for loans, we charged-off $602,000 during the six months ended June 30, 2025 as compared to charge-offs of $33,000 during the six months ended June 30, 2024. The charge-offs during both periods were against various unpaid overdrafts in our demand deposit accounts.

We recorded recoveries of $434,000 during the six months ended June 30, 2025 compared to no recoveries during the six months ended June 30, 2024. The recoveries of $434,000 during the six months ended June 30, 2025 comprised of recoveries of $350,000 with respect to a previously charged-off non-residential mortgage loan and $84,000 from previously charged-off unpaid overdrafts on demand deposit accounts.

Non-Interest Income

Non-interest income for the six months ended June 30, 2025 was $2.1 million compared to non-interest income of $1.3 million for the six months ended June 30, 2024. The increase of $808,000, or 62.9%, in total non-interest income was primarily due to increases of $453,000 in unrealized gain on equity securities, $326,000 in other loan fees and service charges, $17,000 in BOLI income, and $12,000 in miscellaneous other non-interest income.

The increase in unrealized gain on equity securities was due to an unrealized gain of $351,000 on equity securities during the six months ended June 30, 2025 compared to an unrealized loss of $102,000 on equity securities during the six months ended June 30, 2024. Both the unrealized gain of $351,000 on equity securities during the 2025 period and the unrealized loss of $102,000 on equity securities during the 2024 period were due to market interest rate volatility during both periods.

The increase of $326,000 in other loan fees and service charges was due to increases of $232,000 in other loan fees and loan servicing fees, $91,000 in ATM/debit card/ACH fees, and $3,000 in deposit account fees. The increase in BOLI income of $17,000 was due to an increase in the yield on BOLI assets.

Non-Interest Expense

Non-interest expense increased $1.9 million, or 10.2%, to $21.1 million for the six months ended June 30, 2025 from $19.2 million for the six months ended June 30, 2024. The increase resulted primarily from increases of $980,000 in salaries and employee benefits, $332,000 in other operating expense, $251,000 in outside data processing expense, $238,000 in real estate owned expense, $108,000 in occupancy expense, and $43,000 in advertising expense, partially offset by a decrease of $4,000 in equipment expense.

Income Taxes

We recorded income tax expense of $8.3 million and $9.5 million for the six months ended June 30, 2025 and 2024, respectively. For the six months ended June 30, 2025, we had approximately $415,000 in tax exempt income, compared to approximately $394,000 in tax exempt income for the six months ended June 30, 2024. Our effective income tax rates were 27.7% and 28.3% for the six months ended June 30, 2025 and 2024, respectively.

Asset Quality

Non-performing assets were $767,000 at June 30, 2025 compared to $5.1 million at December 31, 2024. The non-performing assets consisted of one foreclosed property located in Pittsburgh, Pennsylvania. We sold one foreclosed property totaling $4.3 million located in the Bronx, New York on June 30, 2025 to a third-party buyer at no loss to the Company and in connection therewith we provided the financing to complete the multi-family project.

Our ratio of non-performing assets to total assets remained low at 0.04% at June 30, 2025 as compared to 0.25% at December 31, 2024.

The Company’s allowance for credit losses related to loans was $4.7 million, or 0.26% of total loans as of June 30, 2025, compared to $4.8 million, or 0.27% of total loans as of December 31, 2024. Based on a review of the loans that were in the loan portfolio at June 30, 2025, management believes that the allowance for credit losses related to loans is maintained at a level that represents its best estimate of inherent losses in the loan portfolio that were both probable and reasonably estimable.

In addition, at June 30, 2025, the Company’s allowance for credit losses related to off-balance sheet commitments totaled $879,000 and the allowance for credit losses related to held-to-maturity debt securities totaled $126,000.

Capital

The Company’s total stockholders’ equity to assets ratio was 17.06% as of June 30, 2025. At June 30, 2025, the Company had the ability to borrow $740.2 million from the Federal Reserve Bank of New York, $23.1 million from the Federal Home Loan Bank of New York, and $8.0 million from Atlantic Community Bankers Bank.

The Bank’s capital position remains strong relative to current regulatory requirements and the Bank is considered a well-capitalized institution under the Prompt Corrective Action framework. As of June 30, 2025, the Bank had a tier 1 leverage capital ratio of 15.87% and a total risk-based capital ratio of 14.99%.

The Company completed its first stock repurchase program on April 14, 2023 whereby the Company repurchased 1,637,794 shares, or 10%, of the Company’s issued and outstanding common stock. The cost of the stock repurchase program totaled $23.0 million, including commission costs and Federal excise taxes. Of the total shares repurchased under this program, 957,275 of such shares were repurchased during 2023 at a total cost of $13.7 million, including commission costs and Federal excise taxes.

The Company commenced its second stock repurchase program on May 30, 2023 whereby the Company will repurchase 1,509,218, or 10%, of the Company’s issued and outstanding common stock. As of June 30, 2025, the Company had repurchased 1,091,174 shares of common stock under its second repurchase program, at a cost of $17.2 million, including commission costs and Federal excise taxes.

About NorthEast Community Bancorp

NorthEast Community Bancorp, headquartered at 325 Hamilton Avenue, White Plains, New York 10601, is the holding company for NorthEast Community Bank, which conducts business through its eleven branch offices located in Bronx, New York, Orange, Rockland, and Sullivan Counties in New York and Essex, Middlesex, and Norfolk Counties in Massachusetts and three loan production offices located in New City, New York, White Plains, New York, and Danvers, Massachusetts. For more information about NorthEast Community Bancorp and NorthEast Community Bank, please visit www.necb.com.

Forward Looking Statement

This press release contains certain forward-looking statements. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause actual results to differ materially from expected results include, but are not limited to, changes in market interest rates, regional and national economic conditions (including higher inflation or recessionary conditions and their impact on regional and national economic conditions), legislative and regulatory changes, monetary and fiscal policies of the United States government, including policies of the United States Treasury and the Federal Reserve Board, the impacts of tariffs, sanctions and other trade policies of the United States and its global trading counterparts, the quality and composition of the loan or investment portfolios, demand for loan products, decreases in deposit levels necessitating increased borrowing to fund loans and securities, competition, demand for financial services in NorthEast Community Bank’s market area, changes in the real estate market values in NorthEast Community Bank’s market area, the impact of failures or disruptions in or breaches of the Company’s operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns, and changes in relevant accounting principles and guidelines. Additionally, other risks and uncertainties may be described in our annual and quarterly reports filed with the U.S. Securities and Exchange Commission (the “SEC”), which are available through the SEC’s website located at www.sec.gov. These risks and uncertainties should be considered in evaluating any forward-looking statements and undue reliance should not be placed on such statements. Except as required by applicable law or regulation, the Company does not undertake, and specifically disclaims any obligation, to release publicly the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of the statements or to reflect the occurrence of anticipated or unanticipated events.

CONTACT:	Kenneth A. Martinek
	Chairman and Chief Executive Officer

PHONE:	(914) 684-2500


NORTHEAST COMMUNITY BANCORP, INC. CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited)

	June 30,			December 31,
	2025			2024
	(In thousands, except share
	and per share amounts)
ASSETS
Cash and amounts due from depository institutions	$	19,042		$	13,700
Interest-bearing deposits		40,331			64,559
Total cash and cash equivalents		59,373			78,259
Certificates of deposit		100			100
Equity securities		25,345			21,994
Securities held-to-maturity (net of allowance for credit losses of $126 and $126, respectively)		14,398			14,616
Loans receivable		1,797,618			1,812,647
Deferred loan fees, net		(62	)		(49	)
Allowance for credit losses		(4,724	)		(4,830	)
Net loans		1,792,832			1,807,768
Premises and equipment, net		25,341			24,805
Investments in restricted stock, at cost		1,085			397
Bank owned life insurance		26,074			25,738
Accrued interest receivable		12,119			13,481
Real estate owned		767			5,120
Property held for investment		1,352			1,370
Right of Use Assets – Operating		4,383			4,001
Right of Use Assets – Financing		345			347
Other assets		10,370			11,585
Total assets	$	1,973,884		$	2,009,581
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Deposits:
Non-interest bearing	$	287,741		$	287,135
Interest bearing		1,191,420			1,383,240
Total deposits		1,479,161			1,670,375
Advance payments by borrowers for taxes and insurance		2,422			1,618
Borrowings		135,000			–
Lease Liability – Operating		4,497			4,108
Lease Liability – Financing		628			609
Accounts payable and accrued expenses		15,500			14,530
Total liabilities		1,637,208			1,691,240

Stockholders’ equity:
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued or outstanding	$	—		$	—
Common stock, $0.01 par value; 75,000,000 shares authorized; 14,023,376 shares and 14,016,254 shares outstanding, respectively		140			140
Additional paid-in capital		111,624			110,091
Unearned Employee Stock Ownership Plan (“ESOP”) shares		(5,653	)		(6,088	)
Retained earnings		230,345			213,974
Accumulated other comprehensive gain		220			224
Total stockholders’ equity		336,676			318,341
Total liabilities and stockholders’ equity	$	1,973,884		$	2,009,581

NORTHEAST COMMUNITY BANCORP, INC. CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

	Three Months Ended June 30,					Six Months Ended June 30,
	2025		2024			2025		2024
	(In thousands, except per share amounts)					(In thousands, except per share amounts)
INTEREST INCOME:
Loans	$	36,740	$	38,634		$	73,622	$	75,337
Interest-earning deposits		1,027		1,385			2,108		2,585
Securities		272		218			516		436
Total Interest Income		38,039		40,237			76,246		78,358
INTEREST EXPENSE:
Deposits		12,053		13,435			25,986		25,829
Borrowings		902		570			902		1,302
Financing lease		10		10			20		19
Total Interest Expense		12,965		14,015			26,908		27,150
Net Interest Income		25,074		26,222			49,338		51,208
Provision for (reversal of) credit loss		—		(226	)		237		(391	)
Net Interest Income after Provision for (Reversal of) Credit Loss		25,074		26,448			49,101		51,599
NON-INTEREST INCOME:
Other loan fees and service charges		611		563			1,351		1,025
Earnings on bank owned life insurance		170		162			336		319
Unrealized gain (loss) on equity securities		51		(20	)		351		(102	)
Other		26		26			55		43
Total Non-Interest Income		858		731			2,093		1,285
NON-INTEREST EXPENSES:
Salaries and employee benefits		5,650		5,252			11,583		10,603
Occupancy expense		743		674			1,489		1,381
Equipment		253		221			470		474
Outside data processing		758		607			1,494		1,243
Advertising		123		94			225		182
Real estate owned expense		247		27			277		39
Other		2,734		2,623			5,589		5,257
Total Non-Interest Expenses		10,508		9,498			21,127		19,179
INCOME BEFORE PROVISION FOR INCOME TAXES		15,424		17,681			30,067		33,705
PROVISION FOR INCOME TAXES		4,254		4,883			8,330		9,533
NET INCOME	$	11,170	$	12,798		$	21,737	$	24,172

NORTHEAST COMMUNITY BANCORP, INC. SELECTED CONSOLIDATED FINANCIAL DATA (Unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
	(In thousands, except per share amounts)						(In thousands, except per share amounts)
Per share data:
Earnings per share – basic	$	0.85		$	0.98		$	1.65		$	1.84
Earnings per share – diluted		0.82			0.97			1.60			1.83
Weighted average shares outstanding – basic		13,216			13,084			13,204			13,119
Weighted average shares outstanding – diluted		13,568			13,181			13,563			13,205
Performance ratios/data:
Return on average total assets		2.27	%		2.70	%		2.20	%		2.60	%
Return on average shareholders’ equity		13.37	%		17.28	%		13.18	%		16.59	%
Net interest income	$	25,074		$	26,222		$	49,338		$	51,208
Net interest margin		5.35	%		5.79	%		5.23	%		5.77	%
Efficiency ratio		40.52	%		35.24	%		41.08	%		36.54	%
Net charge-off ratio		0.09	%		0.00	%		0.01	%		0.00	%

Loan portfolio composition:								June 30, 2025			December 31, 2024
One-to-four family							$	3,398		$	3,472
Multi-family								292,552			206,606
Mixed-use								26,089			26,571
Total residential real estate								322,039			236,649
Non-residential real estate								28,971			29,446
Construction								1,323,477			1,426,167
Commercial and industrial								123,084			118,736
Consumer								47			1,649
Gross loans								1,797,618			1,812,647
Deferred loan fees, net								(62	)		(49	)
Total loans							$	1,797,556		$	1,812,598
Asset quality data:
Loans past due over 90 days and still accruing							$	–		$	–
Non-accrual loans								–			–
OREO property								767			5,120
Total non-performing assets							$	767		$	5,120

Allowance for credit losses to total loans								0.26	%		0.27	%
Allowance for credit losses to non-performing loans								0.00	%		0.00	%
Non-performing loans to total loans								0.00	%		0.00	%
Non-performing assets to total assets								0.04	%		0.25	%

Bank’s Regulatory Capital ratios:
Total capital to risk-weighted assets								14.99	%		13.92	%
Common equity tier 1 capital to risk-weighted assets								14.71	%		13.65	%
Tier 1 capital to risk-weighted assets								14.71	%		13.65	%
Tier 1 leverage ratio								15.87	%		14.44	%


NORTHEAST COMMUNITY BANCORP, INC. NET INTEREST MARGIN ANALYSIS (Unaudited)

	Three Months Ended June 30, 2025								Three Months Ended June 30, 2024
	Average			Interest		Average			Average			Interest		Average
	Balance			and dividend		Yield			Balance			and dividend		Yield
	(In thousands, except yield/cost information)								(In thousands, except yield/cost information)
Loan receivable gross	$	1,754,363		$	36,740		8.38	%	$	1,687,029		$	38,634		9.16	%
Securities		37,839			265		2.80	%		33,438			199		2.38	%
Federal Home Loan Bank stock		438			7		6.39	%		704			19		10.80	%
Other interest-earning assets		83,135			1,027		4.94	%		89,736			1,385		6.17	%
Total interest-earning assets		1,875,775			38,039		8.11	%		1,810,907			40,237		8.89	%
Allowance for credit losses		(5,122	)							(4,927	)
Non-interest-earning assets		95,651								91,085
Total assets	$	1,966,304							$	1,897,065

Interest-bearing demand deposit	$	298,689		$	2,401		3.22	%	$	205,536		$	1,930		3.76	%
Savings and club accounts		141,238			761		2.16	%		158,292			982		2.48	%
Certificates of deposit		815,000			8,891		4.36	%		884,626			10,523		4.76	%
Total interest-bearing deposits		1,254,927			12,053		3.84	%		1,248,454			13,435		4.30	%
Borrowed money		82,712			912		4.41	%		47,276			580		4.91	%
Total interest-bearing liabilities		1,337,639			12,965		3.88	%		1,295,730			14,015		4.33	%
Non-interest-bearing demand deposit		274,466								285,368
Other non-interest-bearing liabilities		20,114								19,641
Total liabilities		1,632,219								1,600,739
Equity		334,085								296,326
Total liabilities and equity	$	1,966,304							$	1,897,065

Net interest income / interest spread				$	25,074		4.23	%				$	26,222		4.56	%
Net interest rate margin							5.35	%							5.79	%
Net interest earning assets	$	538,136							$	515,177
Average interest-earning assets to interest-bearing liabilities		140.23	%							139.76	%


NORTHEAST COMMUNITY BANCORP, INC. NET INTEREST MARGIN ANALYSIS (Unaudited)

	Six Months Ended June 30, 2025								Six Months Ended June 30, 2024
	Average			Interest		Average			Average			Interest		Average
	Balance			and dividend		Yield			Balance			and dividend		Yield
	(In thousands, except yield/cost information)								(In thousands, except yield/cost information)
Loan receivable gross	$	1,761,069		$	73,622		8.36	%	$	1,649,686		$	75,337		9.13	%
Securities		37,298			500		2.68	%		33,643			396		2.35	%
Federal Home Loan Bank stock		418			16		7.66	%		773			40		10.35	%
Other interest-earning assets		88,277			2,108		4.78	%		90,644			2,585		5.70	%
Total interest-earning assets		1,887,062			76,246		8.08	%		1,774,746			78,358		8.83	%
Allowance for credit losses		(4,978	)							(5,009	)
Non-interest-earning assets		96,071								89,972
Total assets	$	1,978,155							$	1,859,709

Interest-bearing demand deposit	$	286,726		$	4,846		3.38	%	$	188,510		$	3,483		3.70	%
Savings and club accounts		140,077			1,491		2.13	%		170,531			2,184		2.56	%
Certificates of deposit		888,136			19,649		4.42	%		847,606			20,162		4.76	%
Total interest-bearing deposits		1,314,939			25,986		3.95	%		1,206,647			25,829		4.28	%
Borrowed money		41,584			922		4.43	%		54,184			1,321		4.88	%
Total interest-bearing liabilities		1,356,523			26,908		3.97	%		1,260,831			27,150		4.31	%
Non-interest-bearing demand deposit		272,680								288,639
Other non-interest-bearing liabilities		19,107								18,865
Total liabilities		1,648,310								1,568,335
Equity		329,845								291,374
Total liabilities and equity	$	1,978,155							$	1,859,709

Net interest income / interest spread				$	49,338		4.11	%				$	51,208		4.52	%
Net interest rate margin							5.23	%							5.77	%
Net interest earning assets	$	530,539							$	513,915
Average interest-earning assets to interest-bearing liabilities		139.11	%							140.76	%

The MIL Network –

July 25, 2025

MIL-OSI: Love Not War AI Unveils Mathematical Framework That Aligns Capitalism with Collective Good

Source: GlobeNewswire (MIL-OSI)

LONDON, UNITED KINGDOM, July 24, 2025 (GLOBE NEWSWIRE) — Love Not War AI today announced the launch of Progressive Utility Mechanics, a newly discovered mathematical framework created by innovator Valraj Singh Mann. This groundbreaking system offers a universal method for designing economic models in which individual financial success automatically enhances social welfare. The announcement marks the first implementation of the framework in a real-world application via the LVAI cryptocurrency, positioning it as a potential tool for addressing systemic issues like poverty, climate change, and inequality at scale.

Unlike traditional economic systems that create tension between profit and purpose, Progressive Utility Mechanics create mathematically structured guarantees that individual success automatically generates increasing social benefit. The framework is going to be demonstrated through LVAI (Love Not War AI), the first cryptocurrency where charitable impact grows over time, but applications extend across all human economic organization – from corporate structures to government policy to international development.

“We’ve developed the mathematical framework that may reshape how economic systems are designed across sectors,” said Mann. “For the first time in history, we can create mathematically structured mechanisms that align individual greed with collective good automatically. This isn’t just about cryptocurrency – it’s about demonstrating that capitalism can be inherently charitable, that economic growth can systematically reduce poverty, and that success can help everyone through what we’re calling ‘Mann Mechanics.’”

Independent analysis confirms this represents the first mathematically structured mechanism demonstrating that economic systems can be designed to automatically strengthen social outcomes as they grow, potentially addressing root causes of global inequality, environmental degradation, and systemic poverty.

HUMANITY’S GREATEST ECONOMIC CHALLENGE

Throughout history, human societies have struggled with the fundamental tension between individual success and collective welfare. Traditional capitalism creates wealth but concentrates it, leading to inequality. Socialist systems promote equality but reduce prosperity. Regulatory approaches create compliance costs and economic drag. Charitable solutions depend on voluntary giving that decreases as wealth concentrates.

“Every economic system in human history has forced a choice between individual freedom and collective good,” noted Mann. “We’ve developed a mathematically structured mechanism demonstrating that choice may be false – they can be systematically unified through progressive design.”

The framework addresses systemic challenges affecting billions globally:

• Global Poverty: 700+ million people in extreme poverty despite unprecedented global wealth
• Climate Change: Economic incentives that reward environmental destruction over restoration
• Inequality Crisis: Wealth concentration accelerating in every developed economy
• Corporate Externalities: Profit maximization creating social and environmental costs
• Aid Dependency: International development creating dependency rather than self-sufficiency
• Government Inefficiency: Tax systems that reduce productivity while funding bureaucracy

PROGRESSIVE UTILITY MECHANICS: THE UNIVERSAL SOLUTION

Progressive Utility Mechanics (also known as “Mann Mechanics”) create economic systems where individual market participation automatically generates increasing social benefit through mathematically structured allocation mechanisms that strengthen over time.

This framework transforms traditional zero-sum economic thinking into positive-sum systems where everyone’s success helps everyone else automatically, without coercion, regulation, or voluntary charity.

Real-world applications include:

• Progressive Impact Corporations: Business structures where shareholder profits automatically fund stakeholder benefits, making successful companies automatically beneficial to their communities

• Self-Funding Development Programs: Economic zones where business success automatically generates poverty reduction funding, creating sustainable development without foreign aid dependency

• Progressive Environmental Bonds: Investment vehicles where profit automatically funds environmental restoration, aligning financial returns with ecological recovery

• Municipal Progressive Systems: City economies where business success automatically improves public infrastructure and services, creating self-improving urban environments

• Progressive Education Funding: Systems where private success automatically enhances public education, leveling educational playing fields through market mechanisms

“This framework could eliminate the need to choose between economic growth and social good,” observed one policy researcher. “Every successful business, every profitable investment, every economic gain automatically helps solve humanity’s greatest challenges.”

GLOBAL IMPACT POTENTIAL

Progressive Utility Mechanics address the mathematical core of humanity’s most pressing challenges:

Poverty Elimination: Systems where economic success automatically generates anti-poverty funding may provide sustainable income support without government intervention or international aid dependency.

Climate Solutions: Investment structures where environmental restoration becomes systematically profitable through progressive mechanics may help reverse ecological damage while generating returns.

Inequality Reduction: Economic designs where success automatically levels playing fields may reduce wealth concentration without reducing prosperity or economic freedom.
Corporate Transformation: Business models where profit maximization automatically optimizes social and environmental outcomes could revolutionize capitalism without regulatory coercion.

International Development: Self-funding development programs could replace aid dependency with sustainable economic systems that strengthen as they succeed.

“We’re not just talking about improving existing systems,” emphasized Mann. “We’re demonstrating that fundamentally different systems are possible – ones that may systematically address problems rather than creating them.”

MATHEMATICAL PROOF OF CONCEPT: LVAI IMPLEMENTATION

LVAI cryptocurrency will serve as the first mathematical proof that Progressive Utility Mechanics work in practice, demonstrating charitable impact that increases rather than decreases over time through three-phase evolution:

• Phase 1: Economic growth automatically funds ecosystem expansion

• Phase 2: Balanced allocation prevents stagnation while building social impact capacity

• Phase 3: Unused economic capacity automatically becomes permanent charity endowment.

The implementation includes institutional-grade security (94/100 audit rating) and has been mathematically verified to create stronger charitable impact as the system matures, demonstrating that economic success can be systematically aligned with social benefit through mechanism design.

APPLICATIONS ACROSS HUMAN CIVILIZATION

The discovery provides mathematical foundations for redesigning economic organization across all sectors:

Corporate Governance: Progressive Impact Corporations where shareholders profit more as stakeholder outcomes improve, automatically aligning business success with social good.

Municipal Economics: Progressive Economic Zones where local business success automatically funds public goods, creating self-improving communities without tax burden increases.

International Relations: Progressive development frameworks where economic growth in developing nations automatically generates sustainable funding for infrastructure, education, and healthcare.

Environmental Policy: Progressive conservation systems where land preservation and restoration become more profitable over time, creating economic incentives for ecological recovery.

Educational Systems: Progressive funding mechanisms where private educational success automatically enhances public education quality, reducing inequality through market forces rather than redistribution.

Healthcare Systems: Progressive health economics where medical innovation profitability automatically funds public health improvements, aligning pharmaceutical profits with population wellness.

RESHAPING ECONOMIC THEORY

Progressive Utility Mechanics (Mann Mechanics) represent the first mathematical framework proving that Adam Smith’s “invisible hand” – the foundational concept from the 18th-century economist known as the “Father of Modern Economics” – can be engineered rather than hoped for, creating guaranteed alignment between individual rational behavior and optimal collective outcomes.

The innovation addresses fundamental questions that have challenged economists, philosophers, and policymakers:

• Can capitalism be inherently fair? YES – through progressive design
• Can individual greed serve collective good automatically? YES – through mathematical alignment
• Can economic growth reduce rather than increase inequality? YES – through systematic progressive allocation
• Can free markets solve social problems without government intervention? YES – through proper incentive design

“This could be the most important breakthrough in economics since Adam Smith’s Wealth of Nations,” noted one academic researcher. “Mann Mechanics provide the missing mathematical framework for creating automatically beneficial economic systems, potentially establishing a new field of study alongside Nash Equilibrium – developed by John Nash, the Nobel Prize-winning mathematician portrayed in ‘A Beautiful Mind’ – and Keynesian Economics, created by John Maynard Keynes, the influential British economist whose theories shaped modern government economic policy.”

POTENTIAL CIVILIZATIONAL SIGNIFICANCE

If validated and widely implemented, Progressive Utility Mechanics may represent a significant advance in human economic organization since the development of market capitalism, potentially enabling:

• Systematic poverty reduction through automatically self-funding anti-poverty systems
• Climate change mitigation through profitable environmental restoration mechanisms
• Inequality reduction without prosperity reduction through systematic leveling mechanisms
• Corporate transformation from profit-maximizing to systematically beneficent entities
• Government efficiency through market-based rather than bureaucratic social solutions

“We’re exploring the potential to address humanity’s greatest challenges not through sacrifice or coercion, but by redesigning economic systems to systematically optimize for everyone’s benefit,” concluded Mann.

PRIORITY ESTABLISHMENT

This announcement establishes Valraj Singh Mann as the inventor of Progressive Utility Mechanics (Mann Mechanics) and creator of the mathematical framework for systematically aligning individual success with collective benefit. The innovation represents the first mathematically structured mechanism demonstrating that economic systems can be designed for systematic social optimization without reducing individual incentives or economic freedom.

Comprehensive project documentation, including detailed whitepaper and technical specifications, is available at https://lovenotwar.ai

ABOUT VAL MANN

Valraj Singh Mann is the inventor of Progressive Utility Mechanics and creator of the mathematical framework for systematically aligning individual economic success with collective social benefit. Through breakthrough mathematical innovation, Mann has developed potential solutions to humanity’s greatest economic challenges while demonstrating that capitalism may be redesigned to be inherently beneficial to all participants.

ABOUT PROGRESSIVE UTILITY MECHANICS

Progressive Utility Mechanics (Mann Mechanics) represent a universally applicable mathematical framework for creating economic systems where individual success systematically generates increasing collective benefit. The principle provides potential applications across corporate governance, municipal economics, international development, environmental policy, and all forms of human economic organization.

MEDIA CONTACT

Ana Thapar
Relations Manager
Email: info@lovenotwar.ai
Website: https://lovenotwar.ai
New Community Channel: https://t.me/LoveNotWar_Base

For global implementation discussions, academic collaboration, policy consultation, or interview requests, contact info@lovenotwar.ai with “Progressive Utility Framework” in the subject line.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements about potential applications of Progressive Utility Mechanics to global economic challenges. Implementation of any framework requires extensive testing, stakeholder collaboration, and adaptation to specific economic, legal, and cultural contexts. All projections represent potential applications based on mathematical modeling and require real-world validation.

The MIL Network –

July 25, 2025
MIL-OSI: BexBack Launches 100x Leverage, Double Deposit Bonus, and No KYC – Empowering Everyday Traders to Achieve Financial Freedom
Source: GlobeNewswire (MIL-OSI)

SINGAPORE, July 24, 2025 (GLOBE NEWSWIRE) — As the cryptocurrency market continues its upward trajectory, BexBack Exchange is setting a new standard in accessible trading with an unprecedented offer designed to empower both new and experienced traders. In the wake of Bitcoin’s remarkable surge, BexBack introduces an enticing promotional package featuring 100x leverage, a 100% deposit bonus, and the best part – NO KYC required.

Breaking Down Barriers for Ordinary People

BexBack has always been committed to providing opportunities that allow anyone, regardless of experience, to access the world of cryptocurrency trading. Now, with the introduction of 100x leverage, traders can control significantly larger positions while using minimal capital, enhancing their potential profits without needing substantial upfront investment. This high leverage option makes it possible for traders to capitalize on even the smallest price fluctuations, offering greater returns in a volatile market.

Moreover, BexBack’s 100% deposit bonus gives users the opportunity to double their initial deposits, allowing them to increase their trading capital without having to deposit additional funds. Whether you are a newcomer or a seasoned investor, this bonus is designed to maximize trading potential and enhance the ability to leverage market volatility.

NO KYC – Fast, Secure, and Anonymous Trading

In a significant move to improve user experience, BexBack is also eliminating the KYC (Know Your Customer) requirements, ensuring fast, secure, and anonymous trading. This means that new users can register and begin trading within minutes, without the need to undergo lengthy verification processes. This commitment to privacy ensures that BexBack users can focus entirely on maximizing their trading potential without additional administrative hurdles.

The Power of Leverage and Bonus to Achieve Financial Freedom

For many people, achieving financial freedom may seem like an impossible dream, but with BexBack’s tools, it’s now within reach. With the added advantage of up to 100x leverage and double deposit bonuses, ordinary traders can amplify their earnings and increase their potential returns with little initial capital. This makes high-stakes crypto futures trading more accessible than ever before, allowing anyone to turn market volatility into wealth-building opportunities.

Why Choose BexBack?
1. 100x Leverage – Maximize your returns with up to 100x leverage on crypto futures.
2. 100% Deposit Bonus – Double your trading capital immediately with every deposit.
3. NO KYC – Trade anonymously without the need for extensive verification.
4. Diverse Asset Support – Trade over 50 digital assets with ease.
5. Instant Activation – Get started quickly without delays and start leveraging market movements.
6. $50 Welcome Bonus: available to new users who meet the requirements.
7. Comprehensive Customer Support – Our 24/7 multilingual support is always available to guide you.
About BexBack?

BexBack is a leading cryptocurrency derivatives platform offering up to 100x leverage on futures contracts for BTC, ETH, ADA, SOL, XRP, and over 50 other digital assets. Headquartered in Singapore, the platform also operates offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina. Like many top-tier exchanges, BexBack holds a U.S. MSB (Money Services Business) license and is trusted by more than 500,000 traders worldwide. The platform accepts users from the United States, Canada, and Europe, with zero deposit fees and 24/7 multilingual customer support, delivering a secure, efficient, and user-friendly trading experience.

Take Control of Your Financial Future

Whether you are looking to diversify your portfolio or dive deeper into crypto futures trading, BexBack is giving you the tools to take control of your financial future. The combination of 100x leverage, double deposit bonuses, and NO KYC opens up opportunities for everyone, regardless of their trading background.

Sign Up Now and Start Trading on BexBack — No KYC. No Hassles. Just high-leverage trading opportunities to maximize your profits.

Website: www.bexback.com

Contact: business@bexback.com

Contact:
Amanda
business@bexback.com

Disclaimer: This content is provided by BexBack. 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. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. 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. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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The MIL Network –
July 25, 2025
MIL-OSI: STAR Systems International’s New Eagle Transponder and Titan Pro Lead the Way in Gen2V3 Solutions for Next-Generation Tolling

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, July 24, 2025 (GLOBE NEWSWIRE) — STAR Systems International, a global leader in automatic vehicle identification (AVI) solutions, proudly announces the launch of its next-generation Gen2V3-compatible tolling technology, setting new benchmarks for performance, speed, and reliability. Gen2V3 is the next evolution of the ISO/IEC 18000-63 (also known as “6C”) communications protocol and introduces significant improvements over the current Gen2V2/6C standard, making it a powerful advancement for next-generation toll systems.

STAR Systems’ Titan Pro high-performance reader and Eagle transponder are among the first products in the tolling market to support the new Gen2V3 technology. By implementing new Gen2V3 features, STAR Systems is ready to deliver future-ready solutions that meet the evolving demands of the tolling industry.

With Gen2V3’s streamlined communication, improved filtering, and optimizations to handle “fringe” tags, the Titan Pro can identify transponders more efficiently and prioritize stronger signals in high-interference environments, making the Gen2V3 protocol ideal for tolling. These enhancements work in tandem with the advanced design of the Gen2V3 Eagle transponder to ensure exceptional performance with the Titan Pro. Having the capability to support the current Gen2V2 standard as well as the new Gen2V3 standard, the Titan Pro allows agencies and integrators to transition cost-effectively to next-generation tolling systems as the technology evolves.

STAR Systems’ new Eagle transponder is among the first to be powered by a Gen2V3 chip and is specifically designed for tolling and AVI applications. The Eagle transponder delivers exceptional read performance and superior communication reliability. New robust filtering capabilities ensure that Eagle tags are read accurately and efficiently even in high-traffic environments. The Eagle is a dual frequency transponder with both ultra-high frequency (UHF) and high frequency (HF) capabilities, broadening its application range across various AVI applications.

“The new features in Gen2V3 make it ideal for open road, high-speed, and high-volume tolling operations where precision and reliability are paramount,” said Robert Karr, CEO of STAR Systems International. “With our Gen2V3-capable Titan Pro reader and Eagle transponder, we are continuing to move forward and drive performance while lowering operational costs for tolling agencies.”

For more information about the Titan Pro, the new Eagle transponder, Gen2V3, and other AVI solutions that STAR Systems International offers, please contact STAR Systems at salesinquiry@star-int.net.

About STAR Systems International
Founded in 2013, STAR Systems International is a world leader in Automatic Vehicle Identification Technologies. STAR Systems focuses on providing best-in-class transponders, readers and professional consulting services for Smart City Initiatives, including Electronic Tolling (ETC), Congestion/Road Use Charging, Electronic Vehicle Registration (EVR), Express/HOT Lane, Fleet Management, Parking and Secure Access Control applications.

STAR Systems strives to ensure customer success by leveraging the Company’s technical expertise and implementation experience. For more information, please visit www.star-int.net.

Media Contact

Zhihan Chen
+(1) 469-838-2649
zhihan.chen@star-int.net

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/26efefb2-850d-4bc3-84d4-69da76845981

The MIL Network –

July 25, 2025
MIL-OSI USA: Ranking Member Frankel Opening Remarks at Full Committee Markup of the National Security, Department of State, and Related Programs Funding Bill
Source: United States House of Representatives – Congresswoman Lois Frankel (FL-21)

Thank you, Mr. Chairman. I’m going to start by recognizing the collegiality of our Chairman Mr. Diaz-Balart and the thoughtful members on both sides of the aisle. And of course, I want to thank our hardworking staff for their tireless efforts. But most of all, I want to recognize the brave and committed Americans—our diplomats, USAID workers, humanitarian teams, and public health experts and our partners around the world—who bring our country’s values to the world’s toughest places. They’re the ones who delivered vaccines to remote villages in Congo, who help girls in Ethiopia escape forced marriage and find education and safety.

I’ve seen their work up close–I know many of us have—and the impact of the programs we funded. Children who escaped the brutality of Assad’s Syria thriving in classrooms in Jordan. Mothers in Malawi learning skills to support their families. Pregnant women in Kenya staying healthy with support from HIV clinics. To all of these workers —past and present: You are the patriots. You represent the best of America. And those who are still serving deserve more than our thanks. They deserve the tools to get the job done.

Mr. Chairman, I wish we had a bipartisan bill in front of us that I could support that honored that service and reflected America’s leadership. If we had a responsible allocation and a White House that understood diplomacy, development, and humanitarian aid, we could have gotten there. But instead, here we are, questioning whether any of this matters when the President just ignores the will of Congress and the laws we pass.

So today, I strongly oppose the FY 2026 Republican bill. It’s not just a funding cut—it’s a reckless blueprint for American retreat. Our President seems to think relying on threats and bullying alone is a smart strategy. But chaotic tariffs, cruel immigration crackdowns, and this tepid foreign aid plan before us today is not going to make us more safe, secure, or more prosperous. And attention: we are ceding the world to China. And let me be clear: This bill does not lower costs for hard working families and retirees on day one as promised by President Trump—instead it puts hard earned finances at risk by hurting global stability.

And tax breaks for billionaires is not a trade-off for millions of starving children and let me just say that this bill does not make one bit of difference in making up the $4 trillion addition to our debt when the Republicans pass what they call their Big Bill their Big Beautiful Bill I call it the Big Ugly Bill And this bill is just adds to the list of troubling actions by the Administration.

Here’s what’s happened leading up: Foreign aid has been held up illegally, then justified by an inane clawback known as recission; USAID—an agency backed by Congress that fights poverty and prevents conflict—gutted; Over 10,000 development and humanitarian professionals dismissed by Elon Musk; 5,000 life-saving aid programs abruptly terminated; 1,300 State Department staff laid off; Offices shuttered. Decades of progress wiped out. How disgusting , the richest man in the world was allowed to pull the plug on programs that save the world’s poorest children.

The infrastructure and staffing is no longer present to carry out the few programs that remain. Let me say this again with emphasis: The infrastructure and staffing is no longer present to carry out the few programs that remain.

All while the world faces crisis after crisis: Wars and armed conflict, Extreme weather, Hunger and famine, Disease outbreaks, Mass migration, and Rising authoritarian regimes

These aren’t distant problems. They land right at our door: Fragile states collapse and migration surges; Trade stops and U.S. farmers and businesses lose buyers ;Climate disasters destroy crops and homes; Broken health systems allow deadly viruses to spread; And when we step back, China and Russia step in—not to help, but to expand their grip.

We’re leaving behind a gap they fill with money, weapons, and propaganda taking over the airwaves – reaching listeners who used to rely on Voice of America and our international broadcasting. They want to remake the world to fit their playbook.

Meanwhile, sadly our allies are also slashing foreign aid —pushed to spend more on weapons by Mr. Trump. As global needs explode, democracy’s soft power is vanishing. This bill fails to meet this moment.

Here’s what it really does:

Cuts 22% from the international affairs budget – that’s $13 billion, diminishing funding for development and economic assistance:
- Kids kicked out of the classroom and cut off from clean water
- Farmers losing seeds and tools to make a living
- Violence prevention programs vanishing
- Local nonprofits shut down
The bill slashes humanitarian aid by 42%:
- In Nigeria, malnourished infants are dying without food
- In Myanmar, hospitals are going dark
- In The Gambia, support for survivors of female genital mutilation has ended—as the country debates making it legal again
- In Ukraine, wounded soldiers go without care
- In Ecuador, women entrepreneurs are losing lifelines and heading for our border
This is a blow to our credibility, our moral standing, and our global influence. Soft power – interestingly enough – development and diplomacy – have been secret weapons abroad. Without them, we’re losing Americans on the ground who know the terrain, see trouble coming, and keep us one step ahead.

And as always, my, my, my. Here we go again–Republicans couldn’t resist one more swipe at women: Slashing family planning programs that save hundreds of thousands of lives each year and prevent millions of unplanned pregnancies, Reinstating the Global Gag Rule—which blocks funding to foreign groups that even talk about abortion; you can’t even say the word “abortion”, not do abortion, say the word “abortion”– you lose your funding, Gutting the UNFPA—which provides basic reproductive and maternal care in over 150 countries

And while this bill guts humanitarian programs and walks away from the world’s most vulnerable, the administration is also on the road to destroying one of the smartest, most effective tools of U.S. foreign policy: the Women, Peace, and Security agenda. WPS is not some fringe idea. It’s the law, signed by guess who, Donald Trump. It passed with strong bipartisan support. And here’s why: Women experience conflict differently than men—often bearing the brunt of sexual violence, displacement, and the burden of caring for families amid chaos—yet they are too often excluded from life changing decisions. The WPS agenda has helped train diplomats, strengthen alliances, and put more women at the center of peace and security.

When women are at the table for peace talks, recovery, and crisis response, the results are better. Period. Peace lasts longer. Communities recover faster. And Missions succeed. And yet, this administration shut down the State Department’s office that leads that work—right when we need women’s leadership the most. That’s not just shortsighted. It makes the world less safe and works directly against our own interests.

The bill also abandons multilateral institutions and organizations—UNICEF, the UN Development Program, the African and Asian Development Banks, the World Bank, the World Health Organization—undermining our ability to shape the global agenda and ceding ground to autocrats. Guess who? Attention: China is going to take over this world.

So why should Americans care that these cuts are going to cost more than they save? Because these cuts hurt American families, too. When we walk away from the world: Chaos spreads; Troops are put in harm’s way; Our adversaries gain ground; And we pay the price—in dollars, and in lives.

And look, I say this not just as a lawmaker, but as a mother. My son served in the Marines. He was sent to two wars–Iraq and Afghanistan– I know what it means when diplomacy fails. The cost isn’t hypothetical—it hits our soldiers and their families the hardest.

Let me remind you: the international affairs budget was already less than 1% of our federal spending. But it delivered huge returns: Markets for American goods; Stability abroad; Protection from pandemics; Fewer troops sent into harm’s way.

Last week, we passed an $832 billion defense bill—that’s hard power. But even our top generals warn: without soft power alongside it, that number will only keep rising. So, Mr. Chairman, This bill is a lost opportunity. It’s a failure to lead. It hurts American families because when health systems collapse, people get sick. When trade stalls, jobs vanish. When diplomacy fails, our loved ones go to war. So let me close with this: Democrats aren’t giving up. We’re ready to work together with Republicans to reach a bill that reflects our values, keeps our promises, and protects American lives. Because we can’t bomb and drone our way to peace and prosperity. A strong America doesn’t hide. And it doesn’t bully. A strong America leads—with vision, with courage, and compassion. And That’s the bill we should be fighting for. Thank you. I yield back.

MIL OSI USA News –
July 25, 2025
MIL-OSI USA: ICYMI: Ranking Member Frankel Passes Amendment to Strengthen U.S.-Africa Partnership, Introduces Amendment to Improve Foreign Assistance Staffing at State Dept

Source: United States House of Representatives – Congresswoman Lois Frankel (FL-21)

Today, during the full committee markup of the National Security, Department of State, and Related Programs Appropriations funding bill, Ranking Member Frankel introduced two amendments to safeguard American leadership on the world stage.

The first ensures that no less than 15% of economic development funds in the bill be directed toward programs in Africa. The amendment passed with unanimous bipartisan support. From Rep. Frankel’s remarks: “By 2050, Africa will be home to a quarter of the world’s population—and nearly half of all global youth. Some cities are booming. Startups are thriving. And across the continent, countries are leapfrogging traditional development paths through mobile banking, financial technology, and energy innovation. By 2030, Africa’s consumer market is expected to top $2.5 trillion. The question is: will the United States be at the table, or will we let others, like China, steer the ship?

At the same time, we must be clear-eyed. Diseases still ravage vulnerable communities. Young people need access to quality education, job training, and opportunity—so that success is not reserved for elites alone. And while we weigh our options, China is not waiting. It is investing billions in African infrastructure, digital networks, mining operations, and military influence. China is writing the rules of the road—and we’re at real risk of being left behind. We cannot afford to cede this ground. Because this is about more than development assistance—it’s about protecting our shared future.”

The second amendment aimed to ensure proper staffing at the State Department to effectively take on what remains of USAID programs after they were dismantled by the Trump Administration. The amendment directed the State Department to prioritize rehiring USAID experts who the Administration previously fired. The amendment did not pass.

From Rep. Frankel’s remarks: “Babies are dying—not because we lack the science or the resources—but because the Trump Administration chose to dismantle the very programs that could have saved them. The systems that once monitored health outcomes are shutting down, and the true scope of the harm—and the risk to our own national security—is becoming harder to measure.

We may never be able to fully undo the catastrophic damage caused by the Trump Administration and its DOGE acolytes. But we can start to put things right. That’s what this amendment does. It ensures that the State Department isn’t set up to fail. It brings back the experts. It restores some measure of accountability and gives us the eyes and ears on the ground we need to ensure our humanitarian investments are effective, transparent, and actually reaching the people who need help most. This isn’t just a bureaucratic fix—it’s a moral imperative.”

MIL OSI USA News –

July 25, 2025
MIL-OSI USA: Republicans Threaten National Security, Abdicate United States World Leadership, and Slash Humanitarian Assistance
Source: United States House of Representatives – Congresswoman Lois Frankel (FL-21)

Today, House Appropriations Committee Republicans pushed ahead with their fiscal year 2026 National Security, Department of State, and Related Programs funding bill that weakens our national security and puts the American people and public health preparedness at risk.

House Republicans are proposing a 22 percent cut to the bill’s overall funding level.

This bill:
- Threatens national security, abdicates United States world leadership and guts development and humanitarian programs by underfunding the operations and staffing of the State Department and completing the demise of the U.S. Agency for International Development (USAID), as well as other tools of America’s soft power and global leadership.
- Cedes world leadership to China by abandoning our allies and eliminating funding for the United Nations (UN) and other multilateral and international financial institutions, including any funding for the UN Regular budget, the UN Development Program, UN Women, and UNICEF.
- Threatens women’s health globally by prohibiting the United States from contributing to the United Nations Population Fund (UNFPA), substantially underfunding bilateral family planning, and reinstating the expanded Global Gag Rule on non-governmental organizations that receive U.S. assistance.
- Hampers the United States’ response to the climate crisis by eliminating support for communities’ ability to adapt to weather changes, sustainably manage their land and natural resources, and expand access to clean energy.
“The Republicans’ proposed FY26 Appropriations bill for National Security, Department of State, and Related Programs charts a dangerous course of recklessness and retreat—leaving a vacuum for adversaries like China to fill,” State, Foreign Operations, and Related Programs Ranking Member Lois Frankel (D-FL-22) said. “Slashing investments in diplomacy, development, and humanitarian aid is not just shortsighted—it’s a grave mistake. These cuts may look like savings on paper, but they come at a steep cost that every American family will feel. When global health systems collapse, people get sick. When markets dry up, paychecks shrink. When diplomacy fails, our loved ones are sent to war. I look forward to working toward a budget that meets the moment—one that strengthens our security, grows our economy, and reaffirms America’s leadership on the world stage.”

Congresswoman Lois Frankel’s full remarks are here.

“President Trump is aggressively pursuing an America-last agenda that will only see America become weaker, more isolated, and more ostracized. Snubbing our allies and turning our back on the world does not make us strong. It makes us weak. It makes us an unreliable ally and an untrustworthy partner,” Appropriations Committee Ranking Member Rosa DeLauro (D-CT-03) said. “Republicans are slashing humanitarian assistance by more than a third, and foreign assistance by over 20 percent – causing tragic and preventable death around the world and creating a power vacuum that China is eager to exploit. Their bill dismisses our international partners – U.N. agencies and NGOs that deliver lifesaving aid to the most vulnerable people around the globe. And their bill surrenders our efforts to combat the climate crisis – eliminating support for climate adaptability and clean energy, ignoring the nexus between climate, conflict, and migration, and jeopardizing the safety and security of our children, and our grandchildren. I will not stop fighting to protect America’s interests, and against the Trump Administration’s and Republicans’ dangerous dismantling of our diplomatic and humanitarian efforts across the world.”

Congresswoman DeLauro’s full remarks are here.

This funding bill was considered amidst the looming threat of Office of Management and Budget (OMB) sending a proposal to, in effect, unilaterally and unlawfully cancel expiring appropriations (a misnomer OMB Director Vought erroneously calls a “pocket rescission,” which is just another term for unlawful impoundment). Instead of rising to the occasion to combat those threats, Republicans capitulated to the demands of Director Vought. They continued their go-it-alone approach to government funding instead of working with Democrats to enact bipartisan laws that serve American interests.

During today’s markup, Democrats also fought to:
- Restore humanitarian assistance after Republicans decimated efforts to address crises and save lives around the world.
- Produce a report on the impact President Trump’s cuts, mass firings, and chaotic foreign policy changes have had on the expansion of China’s global influence.
- Require adequate staffing to implement oversight of foreign assistance following the firing of thousands of employees at the U.S. Department of State and the United States Agency for International Development.
- Reverse Republican cuts and eliminate policies that threaten women’s health globally.
House Republicans rejected these efforts.

A summary of the bill is here. A fact sheet is here.

The text of the bill, before the adoption of amendments in full committee, is here. The bill report, before the adoption of amendments in full Committee, is here.

MIL OSI USA News –
July 25, 2025
MIL-OSI USA: DOE Announces Site Selection for AI Data Center and Energy Infrastructure Development on Federal Lands

Source: US Department of Energy

The forthcoming solicitations will drive innovation in reliable energy technologies, contribute to lower energy costs, and strengthen American leadership in artificial intelligence

WASHINGTON– The U.S. Department of Energy (DOE) today announced the next steps in the Trump administration’s plan to accelerate the development of AI infrastructure through siting on DOE lands. DOE has selected four sites—Idaho National Laboratory, Oak Ridge Reservation, Paducah Gaseous Diffusion Plant and Savannah River Site—to move forward with plans to invite private sector partners to develop cutting edge AI data center and energy generation projects.

Today’s announcement supports the Trump administration’s goals of utilizing Federal lands to lower energy costs and help power the global AI race, as outlined in President Trump’s Executive Orders on Accelerating Federal Permitting of Data Center Infrastructure, Deploying Advanced Nuclear Reactor Technologies for National Security, and Unleashing American Energy.

“By leveraging DOE land assets for the deployment of AI and energy infrastructure, we are taking a bold step to accelerate the next Manhattan Project—ensuring U.S. AI and energy leadership,” said Energy Secretary Chris Wright. “These sites are uniquely positioned to host data centers as well as power generation to bolster grid reliability, strengthen our national security, and reduce energy costs.”

DOE received enormous interest in response to its April request for information (RFI) that helped inform the selection of these sites. The chosen locations are well-situated for large-scale data centers, new power generation, and other necessary infrastructure.

DOE looks forward to working with data center developers, energy companies, and the broader public in consultation with states, local governments, and federally recognized tribes that these projects will serve to further advance this important initiative. More details regarding project scope, eligibility requirements, and submission guidelines at each site will be available with the site-specific releases. These solicitations are expected to be released in the coming months and partners could be selected by the end of the year. DOE is also evaluating additional sites that could issue solicitations in the future.

MIL OSI USA News –

July 25, 2025

MIL-OSI: Lloyds Bank plc: 2025 Half-Year Results

Source: GlobeNewswire (MIL-OSI)

LONDON, July 24, 2025 (GLOBE NEWSWIRE) —

Lloyds Bank plc

2025 Half-Year Results

24 July 2025

Member of the Lloyds Banking Group

CONTENTS

Forward-looking statements	1

Statutory information (IFRS)
Condensed consolidated balance sheet (unaudited)	2
Condensed consolidated income statement (unaudited)	2

Financial review	3

Risk management
Principal risks and uncertainties	5
Capital risk	6
Credit risk	10
Liquidity risk	20

Statutory information
Condensed consolidated half-year financial statements (unaudited)	21
Condensed consolidated income statement (unaudited)	22
Condensed consolidated statement of comprehensive income (unaudited)	23
Condensed consolidated balance sheet (unaudited)	24
Condensed consolidated statement of changes in equity (unaudited)	25
Condensed consolidated cash flow statement (unaudited)	28
Notes to the condensed consolidated half-year financial statements (unaudited)	29

Statement of directors’ responsibilities	52
Independent review report to Lloyds Bank Plc	53
Contacts	54

FORWARD-LOOKING STATEMENTS

This document contains certain forward-looking statements within the meaning of Section 21E of the US Securities Exchange Act of 1934, as amended, and section 27A of the US Securities Act of 1933, as amended, with respect to the business, strategy, plans and/or results of Lloyds Bank plc together with its subsidiaries (the Lloyds Bank Group) and its current goals and expectations. Statements that are not historical or current facts, including statements about the Lloyds Bank Group’s or its directors’ and/or management’s beliefs and expectations, are forward-looking statements. Words such as, without limitation, ‘believes’, ‘achieves’, ‘anticipates’, ‘estimates’, ‘expects’, ‘targets’, ‘should’, ‘intends’, ‘aims’, ‘projects’, ‘plans’, ‘potential’, ‘will’, ‘would’, ‘could’, ‘considered’, ‘likely’, ‘may’, ‘seek’, ‘estimate’, ‘probability’, ‘goal’, ‘objective’, ‘deliver’, ‘endeavour’, ‘prospects’, ‘optimistic’ and similar expressions or variations on these expressions are intended to identify forward-looking statements. These statements concern or may affect future matters, including but not limited to: projections or expectations of the Lloyds Bank Group’s future financial position, including profit attributable to shareholders, provisions, economic profit, dividends, capital structure, portfolios, net interest margin, capital ratios, liquidity, risk-weighted assets (RWAs), expenditures or any other financial items or ratios; litigation, regulatory and governmental investigations; the Lloyds Bank Group’s future financial performance; the level and extent of future impairments and write-downs; the Lloyds Bank Group’s ESG targets and/or commitments; statements of plans, objectives or goals of the Lloyds Bank Group or its management and other statements that are not historical fact and statements of assumptions underlying such statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend upon circumstances that will or may occur in the future. Factors that could cause actual business, strategy, targets, plans and/or results (including but not limited to the payment of dividends) to differ materially from forward-looking statements include, but are not limited to: general economic and business conditions in the UK and internationally (including in relation to tariffs); imposed and threatened tariffs and changes to global trade policies; acts of hostility or terrorism and responses to those acts, or other such events; geopolitical unpredictability; the war between Russia and Ukraine; the escalation of conflicts in the Middle East; the tensions between China and Taiwan; political instability including as a result of any UK general election; market related risks, trends and developments; changes in client and consumer behaviour and demand; exposure to counterparty risk; the ability to access sufficient sources of capital, liquidity and funding when required; changes to the Lloyds Bank Group’s or Lloyds Banking Group plc’s credit ratings; fluctuations in interest rates, inflation, exchange rates, stock markets and currencies; volatility in credit markets; volatility in the price of the Lloyds Bank Group’s securities; natural pandemic and other disasters; risks concerning borrower and counterparty credit quality; risks affecting defined benefit pension schemes; changes in laws, regulations, practices and accounting standards or taxation; changes to regulatory capital or liquidity requirements and similar contingencies; the policies and actions of governmental or regulatory authorities or courts together with any resulting impact on the future structure of the Lloyds Bank Group; risks associated with the Lloyds Bank Group’s compliance with a wide range of laws and regulations; assessment related to resolution planning requirements; risks related to regulatory actions which may be taken in the event of a bank or Lloyds Bank Group or Lloyds Banking Group failure; exposure to legal, regulatory or competition proceedings, investigations or complaints; failure to comply with anti-money laundering, counter terrorist financing, anti-bribery and sanctions regulations; failure to prevent or detect any illegal or improper activities; operational risks including risks as a result of the failure of third party suppliers; conduct risk; technological changes and risks to the security of IT and operational infrastructure, systems, data and information resulting from increased threat of cyber and other attacks; technological failure; inadequate or failed internal or external processes or systems; risks relating to ESG matters, such as climate change (and achieving climate change ambitions) and decarbonisation, including the Lloyds Bank Group’s or the Lloyds Banking Group’s ability along with the government and other stakeholders to measure, manage and mitigate the impacts of climate change effectively, and human rights issues; the impact of competitive conditions; failure to attract, retain and develop high calibre talent; the ability to achieve strategic objectives; the ability to derive cost savings and other benefits including, but without limitation, as a result of any acquisitions, disposals and other strategic transactions; inability to capture accurately the expected value from acquisitions; and assumptions and estimates that form the basis of the Lloyds Bank Group’s financial statements. A number of these influences and factors are beyond the Lloyds Bank Group’s control. Please refer to the latest Annual Report on Form 20-F filed by Lloyds Bank plc with the US Securities and Exchange Commission (the SEC), which is available on the SEC’s website at www.sec.gov, for a discussion of certain factors and risks. Lloyds Bank plc may also make or disclose written and/or oral forward-looking statements in other written materials and in oral statements made by the directors, officers or employees of Lloyds Bank plc to third parties, including financial analysts. Except as required by any applicable law or regulation, the forward-looking statements contained in this document are made as of today’s date, and the Lloyds Bank Group expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this document whether as a result of new information, future events or otherwise. The information, statements and opinions contained in this document do not constitute a public offer under any applicable law or an offer to sell any securities or financial instruments or any advice or recommendation with respect to such securities or financial instruments.

CONTACTS

For further information please contact:

INVESTORS AND ANALYSTS

Douglas Radcliffe

Group Investor Relations Director

020 7356 1571

douglas.radcliffe@lloydsbanking.com

Rohith Chandra-Rajan

Director of Investor Relations

07353 885 690

rohith.chandra-rajan@lloydsbanking.com

Nora Thoden

Director of Investor Relations – ESG

020 7356 2334

nora.thoden@lloydsbanking.com

Tom Grantham

Investor Relations Senior Manager

07851 440 091

thomas.grantham@lloydsbanking.com

Sarah Robson

Investor Relations Senior Manager

07494 513 983

sarah.robson2@lloydsbanking.com

CORPORATE AFFAIRS

Matt Smith

Head of Media Relations

07788 352 487

matt.smith@lloydsbanking.com

Emma Fairhurst

Media Relations Senior Manager

07814 395 855

emma.fairhurst@lloydsbanking.com

Copies of this News Release may be obtained from:
Investor Relations, Lloyds Banking Group plc, 33 Old Broad Street, London, EC2N 1HZ
The statement can also be found on the Group’s website – www.lloydsbankinggroup.com

Registered office: Lloyds Bank plc, 25 Gresham Street, London, EC2V 7HN
Registered in England No. 2065

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/4360S_1-2025-7-24.pdf

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

The MIL Network –

July 25, 2025

MIL-OSI USA: Congressman Keith Self and Congresswoman Andrea Salinas Introduce Bipartisan Resolution Recognizing National Moon Landing Day

Source:

Congressman Keith Self (TX-03) and Congresswoman Andrea Salinas (OR-06) introduced a bipartisan resolution designating July 20, 2025, as “National Moon Landing Day,” commemorating the anniversary of the Apollo 11 mission—the first crewed lunar landing in history.

“Fifty-six years ago, America did what the world thought was impossible and sent mankind to the Moon, proving that America doesn’t follow—we lead,” Congressman Self said. “Our dedication to space exploration reflects who we are as Americans—pioneers, problem-solvers, and patriots. As a member of the House Science, Space, and Technology Committee, I am proud to introduce this resolution with Congresswoman Salinas, honoring the bravery of our astronauts, the ingenuity of our engineers, and the enduring spirit of American exploration.”

“In celebration of one of our country’s greatest scientific achievements, we honor the scientists, engineers, and astronauts who made it possible,” Congresswoman Salinas said. “As a proud member of the House Science, Space, and Technology Committee, I introduced the resolution to establish National Moon Landing Day because this anniversary deserves recognition. National Moon Landing Day isn’t just about looking back—it’s about inspiring the next generation to dream big, explore boldly, and ensure the United States continues to lead the world in science and innovation.”

The resolution encourages Americans to celebrate the legacy of NASA’s human spaceflight programs. By honoring the astronauts of the Mercury, Gemini, and Apollo missions, as well as the thousands of workers and craftspeople, we recognize the innovation and dedication that made human space exploration possible.

This legislation encourages the public to remember those fallen astronauts who gave their lives in pursuit of discovery. It encourages Americans to educate each other about the economic, societal, and health benefits of space exploration. Furthermore, the resolution will inspire the next generation to pursue careers in science, technology, engineering, and mathematics (STEM), while also recognizing America’s continued leadership in space through the Artemis missions and the Moon to Mars Program.

###

MIL OSI USA News –

July 25, 2025
MIL-OSI Banking: Facts & Figures Behind Galaxy Z Fold7’s Ultra Camera

Source: Samsung

Galaxy Z Fold7 features the Z Fold series’ most advanced camera, delivering an Ultra experience that transforms the way you capture, edit and share content.

For the first time in the series, the device offers a 200MP ultra-high-resolution main camera and the powerful Snapdragon 8 Elite for Galaxy processor.

Also equipped with a ProVisual Engine boasting more than 160 AI-powered imaging technologies, Galaxy Z Fold7 seamlessly merges flagship camera performance and intelligent processing in a versatile foldable design.

From filming vivid night videos to capturing more of the world with its ultra-wide lens, here’s how the thinnest and lightest Z Fold yet is built to keep up with your creative vision.

200MP Sensor: Next-Level Clarity in Every Frame
▲ The upgraded camera system takes your photography to the next level.

At the heart of Galaxy Z Fold7’s camera system lies its 200MP wide-angle camera, the same found in Galaxy S25 Ultra and the highest-ever resolution sensor in the Z Fold series. With it, you can now capture every nuance of a scene, from the rich textures and colors of clothes in your holiday photos to the delicate contours of the vast landscape behind you. Here are some of the key benefits of Galaxy Z Fold7’s wide-angle camera:

Captures shots that are 44% brighter and 4 times more detailed than those taken with Galaxy Z Fold6, ensuring every image is vivid, textured and ready to share.
Maintains image quality at 2x optical-grade zoom, delivering sharp, clear results even when digitally zooming in — so you can reframe or crop images without sacrificing detail.
A shutter speed that is up to 7 times faster, enabling you to take crisp, detailed photos of important moments.

▲ The 200MP sensor ensures you can capture every detail.

Looking to highlight the intricate details of your latest artwork or piece of jewelry? The enhanced 12MP ultra-wide lens on Galaxy Z Fold7 now supports auto focus, enabling macro photography, so you can take close-ups with exceptional sharpness and depth.

To maintain precise focus at close range, the device leverages Dual Camera Depth Calibration — a system that intelligently gauges subject distance and seamlessly switches between the wide and ultra-wide cameras when needed. This allows you to achieve consistent sharpness without manually changing cameras. The addition of autofocus to the ultra-wide camera further enhances accuracy, making it easier than ever to shoot detailed close-ups with clarity.

Fit the Whole Crew in Wide-Angle Selfies
▲ The 100-degree front camera on the main display allows you to take large group selfies with ease.

Getting everyone in the frame no longer means stretching your arm to the limit or asking the group to back up. The enhanced 100-degree front camera on the main display captures more of the scene so you can easily fit everyone in the shot. Features and upgrades include:

Front camera photos that are 25% wider and 5 times clearer compared to those taken with Galaxy Z Fold6.
The camera uses Wide Distortion Correction, which automatically adjusts proportions and reduces distortion when faces are near the edges of frames, allowing everyone to look more natural in wide shots.
More natural skin texture on photo subjects, thanks to AI-driven adjustments optimized for the selfie experience.
Enhanced HDR processing for portraits that prioritizes the subject for more true-to-life rendering.
AI-powered filters trained on over 5,000 real analog film images, letting you fine-tune your photos based on contrast, saturation and color temperature to achieve a look that blends natural aesthetics with artistic expression.

Light Up Night Shoots With the ProVisual Engine

▲ Grainy and blurred night videos are a thing of the past with Galaxy Z Fold7.

Galaxy Z Fold7 shines brightest after dark, thanks to its AI-powered ProVisual Engine that processes images faster1 and optimizes every scene.

The energy of an evening concert or a night out with friends can be recorded in stunning clarity. By analyzing movement and light in real time, Galaxy Z Fold7 reduces noise effectively and delivers crystal-clear results — even in challenging low-light conditions:

Enhanced Nightography leverages an advanced Spatio-Temporal Filter that analyzes pixel data both within each frame and between frames. When analyzing across multiple frames, it separates the subject from the background to reduce background noise. Footage quality is further refined as noise is removed based on continuous pixel patterns within individual frames. The result is sharper, clearer night footage with natural light and fine detail.

Videos get a further boost from the introduction of advanced 10-bit HDR video recording:

Overall color expression is enhanced with 4 times richer contrast and a wider dynamic range compared to standard 8-bit recordings.
Galaxy Z Fold7 supports Hybrid Log Gamma (HLG2), ensuring broad compatibility with regular displays and TVs.

LOG video recording is supported as well — particularly useful for creators who want more flexibility during post-production. Videos can be edited with greater ease, thanks to:

The 10-bit High Efficiency Video Coding (HEVC3) codec for advanced compression and editing freedom.
The ability to fine-tune color grading using Samsung Look-Up Table (LUT4), right from the device.

A Portable Editing Studio Right in Your Hands

▲ Remove unwanted objects in an instant with Generative Edit.

With Galaxy Z Fold7, there’s no need to get back to your desk before editing content. The device itself is your own portable creative studio, with its large display allowing you to edit like a pro — anytime, anywhere with precision like never before:

Generative Edit, enhanced with a refined AI model and more advanced prompt processing, now delivers an 18-fold reduction in the mis-generation rate and a 4-fold cut in texture distortion compared to Galaxy Z Fold6. The upgrade allows you to effortlessly remove unwanted objects — along with related elements such as shadows or reflections — adjust angles, and naturally fill in backgrounds, resulting in polished, professional-quality photos.
Through Galaxy AI’s scene-understanding capabilities, Suggest Erases proactively suggests edits like removing passersby or other distractions in photos for flawless, clean shots.
Side-by-Side Editing lets you compare original and edited versions of your photos in real time for quick editing on the go.
Improved with advanced AI prompt engineering, Portrait Studio helps pet lovers and portrait enthusiasts alike refine images to capture vibrant expressions and striking profiles.

Unfold Your Creativity
Galaxy Z Fold7’s next-generation camera and editing tools make creating high-quality content simpler, faster and more intuitive than ever before. More than just a foldable, Galaxy Z Fold7 takes your craft to new heights as your personal creative assistant.

1 Galaxy Z Fold7 processes images 27% faster than Galaxy Z Fold6.
2 Hybrid Log-Gamma is an HDR standard that provides backwards compatibility with non-HDR monitors such as SDR, while also achieving a wider color range for HDR monitors.
3 High Efficiency Video Coding (HEVC) is a video compression standard designed to offer improved video quality and a higher average bitrate reduction than its predecessor, Advanced Video Coding (AVC).
4 Samsung Look-Up Table (LUT) is a pre-defined set of color adjustment values that can be applied to footage during post-production to achieve the desired visual style and color representation.

MIL OSI Global Banks –

July 25, 2025
MIL-OSI: Walrus and Veea Inc. Announce Strategic Partnership to Unlock High-Performance Edge Utility for Decentralized Data Storage
Source: GlobeNewswire (MIL-OSI)

PALO ALTO, Calif. and NEW YORK, July 24, 2025 (GLOBE NEWSWIRE) — Walrus, the decentralized data storage protocol built by Mysten Labs, the original contributors to Sui, and Veea Inc. (Nasdaq:VEEA), a leader in intelligent edge infrastructure, today announced the adoption of Walrus as a VeeaHub STAX™ edge solution to provide high-performance data transport and storage capabilities for the decentralized network. The bundled solution is aimed at creating a highly secure, scalable, and low-latency data environment for Walrus’ decentralized storage solution, allowing the network to handle even the most data-intensive tasks for DApps and AI development.

VeeaHub STAX is a highly integrated computing and connectivity platform that leverages Non-Volatile Memory Express (NVMe) architecture, designed to support various edge computing tasks over heterogeneous networks for decentralized applications. VeeaHub STAX, while powering a connectivity and computing mesh network with Walrus operating on its multi-Gbps NVMe clusters, ensures that data is reliably stored, instantly available, and secure.

“Veea’s edge infrastructure paired with Walrus’s programmable, decentralized storage offers new capabilities for developers building secure and scalable applications,” said Kostas Chalkias, Co-Founder & Chief Cryptographer of Mysten Labs. “Veea’s NVMe-powered nodes enable low-latency access to data stored on Walrus, increasing data availability for builders and empowering new use cases for edge AI and decentralized applications, including innovations like communications even in the absence of direct internet access.” Mr. Chalkias recently demonstrated internetless transactions, a direct result of the collaboration between Veea and Mysten Labs, where Sui nodes can send and receive transactions with no internet connection.

The integration will allow Walrus to scale seamlessly with thousands of STAX-NVMe storage nodes, maintaining the security and reliability of Walrus’ decentralized storage network while offering both costs and network speeds comparable to centralized data storage solutions of cloud services. Additional benefits from the integration include:
- Access to tens of terabytes of storage for ultra-low latency, high-throughput, and decentralized applications over distributed hyperconverged networks with Edge AI.
- Hybrid NVMe storage architecture designed for “hot content” delivery, unlocking applications for gaming, video streaming, and AI development.
- Scalable, low-cost object storage to improve cost optimization for enterprise data.
- Enhancements to both data availability and compliance, ensuring enterprises have access to scalable storage without compromising data sovereignty.
- Improved data recovery capabilities, enabling enterprises to easily recover important files.
“We are thrilled to be working with Mysten Labs to deliver a pioneering solution that unlocks new capabilities, with genuine trust in a high-performance edge data platform, for a broad range of use cases, including ever more demanding edge AI solutions and Web3 applications,” said Allen Salmasi, Chairman and CEO of Veea Inc. “With Walrus having the ability to directly store and serve media on STAX-NVMe, such as images, sounds, sprites, videos, or game assets, developers can leverage the Walrus Decentralized Store now to readily build applications that run on a Decentralized Physical Infrastructure Network (DePIN) with Veea’s STAX-5G/NVMe or STAX-NVMe nodes.”

Developed by the original contributors to the leading smart contract platform and layer 1 blockchain Sui, Walrus builds on Mysten Labs’ extensive innovations in blockchain infrastructure. Walrus is the data layer for the decentralized internet, and delivers programmable, scalable, and cost-efficient storage designed for the needs of decentralized applications and AI systems.

To learn more about Walrus, please visit: https://www.walrus.xyz/.

About Mysten Labs

Mysten Labs is a team of leading technological experts in distributed systems, programming languages and cryptography. Founded by the former senior executives of Meta’s Novi Research and the lead architects of the Diem blockchain, Mysten Labs is creating foundational infrastructure to reimagine the decentralized internet. Mysten Labs is the original contributor to Sui, the only blockchain built for mass adoption, and the original contributor to Walrus, the decentralized storage platform that allows any application to publish, read, and program any data type. Users can learn more at mystenlabs.com.

About Veea

Veea Inc. (NASDAQ: VEEA) formed in 2014 and headquartered in New York City, is a leader in smart edge connectivity, computing and Edge AI for enterprise and public infrastructure. Its flagship VeeaHub™ STAX platform delivers intelligent edge networking, security, and scalable NVMe storage for the future of digital business and connected communities. Its VeeaONE™ platform enables unified edge computing, multiaccess multiprotocol communications, edge storage, edge AI with AI-driven cybersecurity in multi-tenant fully integrated all-in-one VeeaHub^® products. Similar to cloud-management of smartphones and similar user devices, VeeaHub products are cloud- and locally-managed with equivalent capabilities on VeeaCloud™. Applications and services delivered through VeeaHub devices benefit from cybersecure connections with Zero Trust Network Access (ZTNA), optionally, with a highly simplified, plug and play, 5G-based SecureConnect™ offering. Veea has received numerous recognitions by Gartner Group, Market Reports World’s and IoT Evolution for Edge Computing and Edge AI since 2021. For more information about Veea and its product offerings, visit veea.com and follow us on LinkedIn.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”) as well as Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “would,” “could,” “seek,” “intend,” “plan,” “goal,” “project,” “estimate,” “anticipate,” “strategy,” “future,” “likely” or other comparable terms, although not all forward-looking statements contain these identifying words. All statements other than statements of historical facts included in this press release regarding the Company’s strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements. Such forward-looking statements include, but are not limited to, risks and uncertainties including those regarding: the Company’s business strategies, and the risk and uncertainties described in “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Cautionary Note on Forward-Looking Statements” and the additional risk described in Veea’s Form 10-K for the year ended December 31, 2024 and any subsequent filings which Veea makes with the U.S. Securities and Exchange Commission. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements made in the press release relate only to events or information as of the date on which the statements are made in the press release. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events except as required by law. You should read this press release with the understanding that our actual future results may be materially different from what we expect.

For media inquiries, please contact:

Walrus: press@walrus.xyz

Veea Inc.:

The Equity Group

Devin Sullivan
Managing Director
dsullivan@equityny.com

Conor Rodriguez
Associate
crodriguez@equityny.com

The MIL Network –
July 25, 2025
MIL-OSI: Mark Cuban Foundation and Who We Play For Bring Free AI Bootcamp to Melbourne Teens

Source: GlobeNewswire (MIL-OSI)

MELBOURNE, Fla., July 24, 2025 (GLOBE NEWSWIRE) — High school students in Melbourne have the chance to get hands-on experience with artificial intelligence through a free AI Bootcamp launched by the Mark Cuban Foundation, in partnership with Who We Play For and Groundswell Startups. Applications close September 30.

This event brings the only artificial intelligence (AI) camp of its kind, free of charge, to the Space Coast. With a custom and highly-relevant curriculum focused on teaching students about the latest developments in the world of AI and Generative AI, the camp will provide the tools to make these technologies work for them and promises to educate, inspire and fuel the next generation of AI professionals.

The program aims to provide students with a foundational understanding of artificial intelligence and its applications to future careers. Students can select from six tracks: healthcare, arts and entertainment, business and entrepreneurship, computer science, sports science, or education and career readiness. Driven by the belief that fostering interest in AI at a young age is crucial for preparing the next generation for their future, the AI Bootcamps are introductory and accessible to students in 9-12 grade with an interest in technology. Students do not need any familiarity with computer science or programming to attend.

This free AI Bootcamp is hosted for underserved high school students with a transparent focus on recruiting girls, students of color, first generation college students, and those from low to moderate income households. The AI Bootcamp Program provides students with lunch and a snack, transportation assistance, and technology equipment during bootcamp.

“As AI continues to become an undeniable force in all of our lives, it’s crucial that we open the door to this knowledge, especially to young people who want to explore it,” said Mark Cuban, founder. “While technology expands and becomes more advanced, it becomes more critical that we ensure our students are prepared when they apply for schools or jobs in the future. Thanks to our work with Who We Play For and Groundswell Startups, the bootcamp will offer an avenue to explore this fascinating field of technology to any student, no matter their means.”

This year’s bootcamp, taking place in Melbourne on November 1st, 8th, and 15th is hosted and staffed by Groundswell Startups and Who We Play For, two organizations dedicated to fostering innovation, growth, and opportunity on the Space Coast.

Who We Play For, a nonprofit organization committed to preventing sudden cardiac death in young people by providing affordable and accessible heart screenings. Founded in memory of Rafe Maccarone, a local student-athlete who lost his life to sudden cardiac arrest in 2007, the organization works tirelessly to ensure that no family, team, or community has to experience a similar loss. Through partnerships with schools, sports clubs, and community organizations, Who We Play For brings non-invasive heart screenings to youth across the country while raising awareness about the importance of early detection and advocating for increased access to life-saving resources.

Groundswell Startups, founded in 2016, is a non-profit incubator and coworking space bringing concepts to life and accelerating scalability for businesses ranging from tech to manufacturing in Florida’s Space Coast and around the Southeast region.

“This partnership reflects what Groundswell was built to do,” said Groundswell Co-Founder Bud Deffebach. “Events like these empower the next generation of tech innovators to understand and utilize AI. We are proud to join with the Mark Cuban Foundation in providing this experience to local students.”

This partnership is one of more than 25 selected to host camps across the U.S. and the only event hosted in Florida.

“We are thrilled to partner with the Mark Cuban Foundation and Groundswell Startups to share insights on artificial intelligence and the importance of early exposure to emerging technologies. This partnership is a great opportunity to showcase how AI is driving meaningful impact in our work here at Who We Play For, and we are proud to bring the AI Bootcamp to our hometown,” said Who We Play For Technical Director, Klynton Holmes.

There are just 9 weeks left until the September 30 deadline. Do not miss your chance—submit your application now, as spaces are limited.

Apply for the bootcamp at: markcubanai.org.

Watch Mark Cuban’s message about Mark Cuban Foundation’s AI bootcamps and access the full media kit here.

To learn more, visit markcubanai.org.

This bootcamp is facilitated with support from Mark Cuban Foundation AI Bootcamp Program’s media partner, Notified, a globally trusted technology partner for investor relations, public relations and marketing professionals.

About Mark Cuban Foundation’s AI Bootcamp Initiative
The Mark Cuban Foundation is a 501(c)(3) private non-profit led by entrepreneur and investor Mark Cuban. The AI Bootcamps Program at MCF seeks to inspire young people with emerging technology so that they can create more equitable futures for themselves and their communities. Over 3 consecutive Saturdays underserved 9^th – 12^th grade students learn what AI is and isn’t, where they already interact with AI in their own lives, the ethical implications of AI systems, and much more. Learn more about the no-cost AI Bootcamp program at markcubanai.org.

About Who We Play For

WWPF represents every young person who lost their life to sudden cardiac arrest (SCA). Our fight is to ensure that other families, teams, and communities will never know that pain.

On our mission to eliminate preventable sudden cardiac death in the young through affordable heart screenings, WWPF has screened over 450,000 youth across more than 500 communities throughout the United States. As a result of WWPF’s screening program, more than 450 youth with life threatening heart conditions have received immediate, life-saving medical intervention and thousands more are now aware of cardiac abnormalities that may increase their risk for SCA later in life.

Alongside the world’s leaders in pediatric cardiology, our vision is to elevate the standard of care for ALL youth, no matter their level of athletics, socio-economic status or geographical location.

About Groundswell Startups

Groundswell, a nonprofit high-tech incubator in Florida’s Space Coast, serves as a hub that unites founders, mentors, investors, and trusted support services. Our mission is simple yet powerful: to envelop entrepreneurs in a supportive ecosystem abundant with resources. We pave the way for company building, industry disruption, and scalable growth. At Groundswell, we believe in empowering startups with the essential network and resources to thrive in the heart of the Space Coast’s innovation landscape. Learn more or find support for your startup idea at www.swellstartups.com.

The MIL Network –

July 25, 2025
MIL-OSI: New CAST Highlight update reveals ‘good’ v. ‘bad’ technical debt
Source: GlobeNewswire (MIL-OSI)

PARIS and NEW YORK, July 24, 2025 (GLOBE NEWSWIRE) — Chief Information Officers confronting technical debt now have a new way to prioritize thousands of hours in IT development time, announced CAST, a leader in software mapping and intelligence technology. The company today released the latest version of CAST Highlight, which distinguishes between ‘good’ and ‘bad’ technical debt, helping teams prioritize remediation efforts across all custom applications.

“Each day CIOs face the same question: ‘Which 100 of my 1,000 applications should we focus on?’,” said Greg Rivera, Head of Product at CAST. “Now, within seconds, the answer is clear, ranked, and prioritized. In true CAST Highlight fashion, each issue also comes with data-driven recommendations and quantification of the effort required to resolve it.”

Key capabilities of the new “Portfolio Advisor for Technical Debt” feature include:
- Prioritizing applications based on business criticality and issue severity
- Categorizing debt types, such as low Software Health (e.g. issues with resiliency, agility, and complexity), outdated open-source components, and obsolete technology versions (e.g. Java, .NET)
- Drilling down to the application level to understand specific issues and remediation needs
“Not all problems are created equally,” continued Rivera. “Many can wait with minimal business impact. The real challenge has been knowing what to prioritize. With this new intelligence in-hand, CIOs can get a centralized view of their technical debt, direct their teams with confidence, and update the board on progress. “

“Good” technical debt is defined as lower importance applications with minimal debt density. “Bad” technical debt arises from business-critical applications with high tech debt density in multiple areas. CAST Highlight generates these insights based on industry-standard best practices for code quality and up-to-date components.

Additional new capabilities in this release include:
- Terraform Cloud Maturity Insights to speed cloud migration and modernization for applications with Terraform
- Docker Cloud Maturity Insights to streamline cloud adoption for applications running Docker containers
- Enhanced Custom Segmentation for more detailed Portfolio Advisor dashboards, with new segmentation options such as OSS component names, technical debt values, and technology versions
The release is available to all CAST Highlight customers.

About CAST
Businesses move faster using CAST technology to understand, improve, and transform their software. Through semantic analysis of source code, CAST produces 3D maps and dashboards to navigate inside individual applications and across entire portfolios. This intelligence empowers executives and technology leaders to steer, speed, and report on initiatives such as technical debt, GenAI, modernization, and cloud. As the pioneer of the software intelligence field, CAST is trusted by the world’s leading companies and governments, their consultancies and cloud providers. See it all at castsoftware.com.

The MIL Network –
July 25, 2025
MIL-OSI: New CAST Highlight update reveals ‘good’ v. ‘bad’ technical debt
Source: GlobeNewswire (MIL-OSI)

PARIS and NEW YORK, July 24, 2025 (GLOBE NEWSWIRE) — Chief Information Officers confronting technical debt now have a new way to prioritize thousands of hours in IT development time, announced CAST, a leader in software mapping and intelligence technology. The company today released the latest version of CAST Highlight, which distinguishes between ‘good’ and ‘bad’ technical debt, helping teams prioritize remediation efforts across all custom applications.

“Each day CIOs face the same question: ‘Which 100 of my 1,000 applications should we focus on?’,” said Greg Rivera, Head of Product at CAST. “Now, within seconds, the answer is clear, ranked, and prioritized. In true CAST Highlight fashion, each issue also comes with data-driven recommendations and quantification of the effort required to resolve it.”

Key capabilities of the new “Portfolio Advisor for Technical Debt” feature include:
- Prioritizing applications based on business criticality and issue severity
- Categorizing debt types, such as low Software Health (e.g. issues with resiliency, agility, and complexity), outdated open-source components, and obsolete technology versions (e.g. Java, .NET)
- Drilling down to the application level to understand specific issues and remediation needs
“Not all problems are created equally,” continued Rivera. “Many can wait with minimal business impact. The real challenge has been knowing what to prioritize. With this new intelligence in-hand, CIOs can get a centralized view of their technical debt, direct their teams with confidence, and update the board on progress. “

“Good” technical debt is defined as lower importance applications with minimal debt density. “Bad” technical debt arises from business-critical applications with high tech debt density in multiple areas. CAST Highlight generates these insights based on industry-standard best practices for code quality and up-to-date components.

Additional new capabilities in this release include:
- Terraform Cloud Maturity Insights to speed cloud migration and modernization for applications with Terraform
- Docker Cloud Maturity Insights to streamline cloud adoption for applications running Docker containers
- Enhanced Custom Segmentation for more detailed Portfolio Advisor dashboards, with new segmentation options such as OSS component names, technical debt values, and technology versions
The release is available to all CAST Highlight customers.

About CAST
Businesses move faster using CAST technology to understand, improve, and transform their software. Through semantic analysis of source code, CAST produces 3D maps and dashboards to navigate inside individual applications and across entire portfolios. This intelligence empowers executives and technology leaders to steer, speed, and report on initiatives such as technical debt, GenAI, modernization, and cloud. As the pioneer of the software intelligence field, CAST is trusted by the world’s leading companies and governments, their consultancies and cloud providers. See it all at castsoftware.com.

The MIL Network –
July 25, 2025
MIL-OSI: droppGroup Leads $5M Pre-Seed in D-GN: Betting Big on the Ethical Layer for AI

Source: GlobeNewswire (MIL-OSI)

Miami, Florida, July 24, 2025 (GLOBE NEWSWIRE) — – droppGroup, the US-based company behind sovereign-grade AI and blockchain solutions, alongside Saudi businessman Hamoud Al-Rumayyan and veteran crypto firm Hub Culture, has fully subscribed the $5 million pre-seed round of Data Guardians Network (D-GN) – a decentralized platform delivering the most accurate and ethically sourced training data in the AI market.

This investment strengthens droppGroup’s ethical AI infrastructure, already in deployment with Saudi Aramco, Cisco, and multiple government partners, while expanding a growing portfolio of critical technologies grounded in compliance, transparency, and human-centered design.

“Billions of dollars in lawsuits are hitting the AI industry because foundational models have been trained on stolen or unlicensed data,” said Faisal Al Monai, Chairman of droppGroup. “D-GN solves this industrial problem. It transforms global human input into an auditable, tokenized data engine that ethically trains, verifies and improves AI systems across voice, image and text. We took part of the round because we see this as a core pillar of the future AI stack for all our clients.”

“When we saw Meta purchase a stake in Scale AI for around $14-15 billion, investing in D‑GN at this stage looked like a steal. We believe D-GN is the Scale AI killer”. Said Faisal Al Monai, Chairman of droppGroup. “More importantly, D‑GN does it differently, upholding both ethical AI and ethical labor standards. No outsourcing to click‑farms, no gray IP zones – just transparent, auditable, fair data.”

Unlike Scale AI, which has faced criticism over opaque labor practices and the use of unlicensed content, D-GN builds datasets through a decentralized contributor model with on-chain traceability via Solan and stablecoin payments via Tether’s USDT, openly ensuring workers are paid fairly and AI models are trained responsibly.

“As Saudi Arabia transforms into a global hub for AI and innovation, our focus must remain on building infrastructure rooted in ethics, equity and opportunity”. Said Mr Hamoud Al-Rumayyan. “Data Guardians Network represents a new model, one where the people who power AI are finally included in its value creation. This is not just an investment, it’s a step toward a more inclusive digital economy aligned with the Saudi Vision 2030”. He concluded.

Johanna Cabildo, Founder and CEO of D-GN, commented:
“We built D-GN so that everyday people could have a stake in the future of AI, not just be the invisible labor behind it. droppGroup understands that vision deeply. This partnership gives us the fuel and the infrastructure to scale ethical data at a global level.”

With this investment, D-GN will scale contributor operations in MENA, Latin America and Southeast Asia, expand multimodal frontier datasets (voice, lip sync, human-emotion mapping) and deepen integrations with open-source and enterprise AI frameworks.

About droppGroup

droppGroup is a US-based AI and blockchain infrastructure company building the secure, sovereign systems of tomorrow. The parent company behind droppOne, it supports highly sensitive deployments across governments and Fortune 500s.

www.droppgroup.xyz

About Data Guardians Network (D-GN)

D-GN is a decentralized platform that turns global human input into ethically sourced training data for AI. Through stablecoin rewards, blockchain transparency and decentralized governance, D-GN enables enterprises and model developers to build AI systems that are fair, traceable and regulation-ready.

www.dataguardians.network

Media Contact:Dominic dominic.c@lunaPR.io

The MIL Network –

July 25, 2025
MIL-OSI Banking: Microsoft Research Asia launches Singapore lab
Source: Microsoft

Headline: Microsoft Research Asia launches Singapore lab

_{Left to Right: Mr. Rodrigo Kede Lima, President, Microsoft Asia; Ms. Dee Templeton, Corporate Vice President, Microsoft CTO Office; Dr. Tan See Leng, Minister for Manpower & Minister-in-charge of Energy and Science & Technology in the Ministry of Trade and Industry; Dr. Peter Lee, President, Microsoft Research; Dr. Doug Burger, Technical Fellow and Corporate Vice President, Microsoft Research; Mr. Jermaine Loy, Managing Director, Singapore Economic Development Board (EDB); Dr. Lidong Zhou, Corporate Vice President, Managing Director, Microsoft Research Asia}

New Microsoft Research Asia lab in Singapore to drive fundamental research and talent development in collaboration with local institutions

Singapore, July 24, 2025 – Microsoft today announced the launch of Microsoft Research Asia – Singapore, its first lab in Southeast Asia, aimed at driving cutting-edge AI research, co-innovating AI-powered solutions for key industries, and nurturing the next generation of AI talent across the region. Supported by the Singapore Economic Development Board (EDB), the establishment of the lab further deepens Microsoft’s commitment to Singapore’s thriving innovation ecosystem and expands its global research footprint in Asia.

Guest-of-Honour, Dr. Tan See Leng, Minister for Manpower & Minister-in-charge of Energy and Science & Technology in the Ministry of Trade and Industry, delivered his remarks at the launch ceremony of the Microsoft Research Asia Singapore lab today alongside Dr. Peter Lee, President of Microsoft Research.

Singapore as a Strategic Hub in Microsoft’s Global Research Network

As a key node in Microsoft’s global research network, Microsoft Research Asia – Singapore will drive innovation on intertwined goals: deploying industry-transforming AI, pursuing frontier breakthroughs in AI foundations, and advancing responsible, socially beneficial applications. Its research agenda supports Singapore’s National AI Strategy 2.0 and aligns with Microsoft’s broader vision for AI as a force that empowers individuals, transforms industries, and addresses global challenges.

“Singapore plays a critical role in our global research strategy,” said Peter Lee, President of Microsoft Research. “Its leadership in science, engineering and digital governance, along with its strong culture of public-private-academic collaboration, makes it an ideal environment for advancing inclusive and impactful AI. Through this lab, we are investing in long-term collaborations that accelerate discovery and bring real-world solutions to the region.”

“The establishment of Microsoft Research Asia’s first lab in Southeast Asia reflects our commitment to partner leading tech players to deliver real-world impact through AI, from Singapore,” said Jermaine Loy, Managing Director, EDB. “Importantly, the new lab will create new opportunities for researchers and companies in areas such as healthcare and finance. We look forward to deepening our collaboration with Microsoft to advance Singapore’s digital economy.”

The launch marks a strategic expansion of Microsoft Research Asia, building upon two decades of collaboration with Singapore’s universities, research institutions and innovation leaders. With a committed presence in Singapore, Microsoft will enhance joint research, cultivate local talent, and contribute to national and regional research ecosystem and development.

Driving Multi-Domain AI Innovation through Interdisciplinary Collaboration

The strategic priorities of Microsoft Research Asia – Singapore are already taking shape through a series of interdisciplinary initiatives. By collaborating with local partners and leveraging cross-sector expertise, the lab is applying advanced AI technologies across key industrial and societal domains:
- Accelerating industry transformation through domain-specific foundation models and agentic AI that generate actionable insights across sectors like healthcare, finance, and logistics.
- Advancing precision health by leveraging SingHealth’s data and expertise to develop AI capabilities aimed at delivering personalized analysis and enhanced diagnostic accuracy to enable better patient outcomes.
- Pushing the frontiers of spatial intelligence with National University of Singapore (NUS) and Nanyang Technological University Singapore (NTU Singapore) to develop embodied AI for complex tasks in smart environments.
- Adapting AI to align with Southeast Asian cultural context and norms, ensuring systems are both reliable and trustworthy within the region.
“These initiatives reflect our commitment to combining deep fundamental research with close cross-disciplinary collaboration,” said Lidong Zhou, Corporate Vice President of Microsoft and Managing Director of Microsoft Research Asia. “By working closely with Singapore’s research and innovation ecosystem, we aim to accelerate scientific discovery and build AI technologies that drive real impact for industry, society, and individuals alike.”

Developing AI Talent and Strengthening Ecosystem Collaboration

Another key pillar of Microsoft Research Asia – Singapore is nurturing AI talent and deepening academic collaboration to drive scientific excellence and support Singapore’s vibrant innovation ecosystem. The lab works closely with leading institutions including the National University of Singapore (NUS), Nanyang Technological University, Singapore (NTU Singapore), and Singapore Management University (SMU) to advance both fundamental and applied research, while equipping the next generation of researchers with real-world experience.

Today’s launch builds on the announcement earlier this year of Microsoft Research Asia’s five-year research collaboration agreement with NUS to accelerate AI research and cultivate computing talent across the region. As part of this collaboration, the lab aims to nurture PhD students through the Industrial Postgraduate Programme (IPP), a programme supported by EDB, as well as PhD programmes offered by the NUS School of Computing.

In addition, Microsoft Research Asia is fostering academic exchange and strengthening the research ecosystem through summer schools and joint workshops with NUS, NTU Singapore and SMU.

About Microsoft Research Asia

Microsoft Research Asia, established in 1998, is Microsoft’s research arm in the Asia-Pacific region. By embracing interdisciplinary and cross-boundary research rooted in the Asia-Pacific region, Microsoft Research Asia aims to define the new paradigm of computing and create breakthrough technologies that shape the future of AI and humanity for the better, both regionally and globally. For more information, visit: https://www.microsoft.com/en-us/research/lab/microsoft-research-asia

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) creates platforms and tools powered by AI to deliver innovative solutions that meet the evolving needs of our customers. The technology company is committed to making AI available broadly and doing so responsibly, with a mission to empower every person and every organization on the planet to achieve more.

For media inquiries, please contact:

Microsoft Singapore

Zoe Knobel: [email protected]

Edelman (partner agency for Microsoft Singapore) Edelman: [email protected]
MIL OSI Global Banks –
July 25, 2025
MIL-OSI Africa: Enlit Africa 2025 Post Event Report has launched: A defining moment for Africa’s power, energy, and water sectors

Source: APO

Enlit Africa (http://apo-opa.co/46V5oxu), brought to you by VUKA Group (https://WeAreVUKA.com), is thrilled to announce the release of the Enlit Africa 2025 Post Event Report, a comprehensive summary of the transformative three-day event held in Cape Town. With over 7,000 attendees from 68 countries, this year’s gathering solidified its position as a pivotal platform for driving Africa’s energy and water transition forward.

The report captures the essence of an event that went beyond dialogue, showcasing real action, bold thinking, and meaningful connections under the theme “Challenge the Status Quo.” It offers a detailed look at the conversations, innovations, and outcomes that are shaping the future of Africa’s power, energy, and water sectors.

Download the report (http://apo-opa.co/4kWSaUn)

What’s Inside the Report?

Key Themes: The report offers key insight into critical discussions on small modular reactor (SMR) regulation, battery storage, tariff reform, and municipal turnaround strategies, and highlights how these issues are reshaping the continent’s energy agenda and driving tangible progress.

Event Highlights:

From inspiring keynotes by leaders like South Africa’s Minister Kgosientsho Ramokgopa to the Renewable Energy & Storage Hub addressing grid and finance gaps, the report showcases moments that defined the event.

The Project & Investment Network facilitated connections between projects and funding, while Women in Energy celebrated inclusive leadership. Water Security Africa reframed water as critical infrastructure.

Site Visit Snapshots:

Beyond the conference, delegates visited live sites showcasing generation, distribution, water, and hybrid energy systems. The report includes reflections on smart infrastructure, storage systems, and sustainable designs in action.

Top Strategic Recommendations:

Actionable guidance across technology, policy, investment, and human capital, backed by evidence and ready for implementation.

Impact by the Numbers:

Data-driven insights into the event’s reach and influence, offering proof of the growing momentum behind Africa’s energy and water transition. From ROI validation to partnership scouting, the metrics provide essential context for decision-makers.

A Call to Action

The conversations at Enlit Africa 2025 sparked a movement, but the work doesn’t stop here. The Post Event Report is a tool to reconnect with key moments, reflect on critical insights, and stay ahead in shaping Africa’s sustainable future.

Download your copy (http://apo-opa.co/46V5oxu) of the Enlit Africa 2025 Post Event Report today to explore the metrics, strategies, and stories behind the movement. Join us in carrying this momentum forward as we continue to transform Africa’s power, energy, and water sectors together.

Save the date for Enlit Africa 2026: 19 – 21 May 2026 at the CTICC in Cape Town, South Africa. Pre-register here (http://apo-opa.co/4o0ihwx).

Distributed by APO Group on behalf of VUKA Group.

Contact details:
For sponsorship or exhibition opportunities, contact Marcel du Toit: marcel.dutoit@wearevuka.com

For speaking opportunities, contact Boipelo Mothlowa: Boipelo.mothlowa@wearevuka.com

For media enquiries, contact Natalie Simms: Natalie.simms@wearevuka.com

About Enlit Africa:
Enlit Africa brings the top manufacturers, associations, institutions, and government leaders together to shape a sustainable, prosperous energy and water future for Africa. A leading power, energy and water conference and exhibition, Enlit Africa is designed to provide a unique platform to connect decision-makers and determine Africa’s future direction of travel.

Enlit Africa takes place annually at the CTICC, Cape Town, South Africa. The event is CPD accredited by the SAIEE and SAICE, thereby contributing to the professional development of industry experts.

For more information, please visit the Enlit Africa website at https://Enlit-Africa.com or contact our team at info@enlit-africa.com.

About The VUKA Group:
VUKA Group (https://WeAreVUKA.com) brings people and organisations together to connect with information and each other in meaningful conversations to reach the next level of growth in their industry ecosystem. With 20 years of experience in Africa, the group serves the Energy, Mining, Smart Mobility, Transport and Retail sectors, through a range of industry touchpoints across digital, print and in-person platforms. With a commitment to data at its core, the group is well-positioned to support industry stakeholders today and into the future. Operating from Cape Town, South Africa the group is actively involved in projects across continental Africa and boasts a diverse African team who take great pride in the work they do for the sectors and markets they serve.

Media files

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MIL OSI Africa –

July 25, 2025
MIL-OSI Africa: President hails BMW’s local production of plug-in hybrid as milestone for green mobility

Source: Government of South Africa

President Cyril Ramaphosa has lauded BMW South Africa’s launch of the locally produced BMW X3 plug-in hybrid electric vehicle (PHEV) as a significant leap toward a low-carbon future and a boost for South Africa’s industrial and economic growth.

Speaking at BMW’s Rosslyn plant in Tshwane on Thursday, the President praised the milestone as a symbol of trust in the country, as well as a demonstration of BMW Group’s long-standing commitment to the South African market.

The President highlighted that this world-class facility was the first BMW plant to be built outside of Germany and has been at the centre of the group’s operations since 1973.

“A number of world-class vehicles are manufactured right here at this plant, including both ICE and hybrid models from the BMW X family. And now, we have reached another milestone with the production of the BMW X3 plug-in hybrid electric vehicle.

“The shift to green mobility and electrification in vehicle production is in line with commitments by countries to reduce emissions and support the transition to a low-carbon, climate resilient global economy. We are greatly encouraged by this milestone reached by the BMW Group,” the President said.

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President Ramaphosa said the Rosslyn plant remains a pillar of South Africa’s automotive sector, which contributes approximately 4.9% to the country’s GDP, sustains over 115 000 direct manufacturing jobs, and supports more than half a million jobs across its value chain.

BMW’s investment in local manufacturing comes at a time when South Africa is working to position itself as a globally competitive hub for future mobility.

“As the transition to battery electric vehicles, plug-in hybrids and hydrogen mobility gathers momentum, South Africa is perfectly positioned as a key global manufacturing base for the mobility of the future,” President Ramaphosa said.

He reaffirmed government’s commitment to enabling this shift, highlighting the recently released Electric Vehicle White Paper and an incentive programme under the Automotive Production and Development Programme (APDP).

These are aimed at creating a stable and predictable policy environment to attract investment, grow exports, and expand the local electric vehicle (EV) market.

“The production of the BMW X3 plug-in hybrid locally is a testament to the trust placed in our skills, our workers, our partnerships and our potential. Let us honour this achievement by staying the course, driving transformation, creating jobs and leading Africa’s industrial future,” he said.

President Ramaphosa also touched on the strategic opportunity presented by South Africa’s mineral wealth.

“The global shift to clean vehicles presents opportunities for the local component manufacturing sector, whose focus has been on ICE components. With our significant reserves of critical minerals, we must become a hub for processing and beneficiation.

“We are finalising targeted incentives for battery cell localisation, EV component manufacture, clean mobility research and design, and critical mineral beneficiation,” he said.

The President also acknowledged the changing global trade landscape – particularly the recent announcements on tariffs by the United States.

“The recent announcements on tariffs by the United States, an important market for our vehicle exports, further underscores the need to diversity our export base and accelerate domestic value creation,” he said.

Youth development

The President commended BMW’s commitment to youth development, including its training academy that produces 300 apprentices annually, its long-term support for the Youth Employment Service (YES), and its initiatives to develop young women leaders and black industrialists.

He also praised BMW’s investment in digital skills through its partnership with UNICEF and its Tshwane-based IT Hub, which employs more than 2 000 digital professionals.

“As a founding partner of the Youth Employment Service, BMW has supported over 3 500 youth, with placements across all provinces and in diverse sectors such as retail, IT, education and health.

“BMW’s roots may be in Bavaria, but its beating heart is South African. We are proud of your presence. We are greatly encouraged by your ongoing investment as we strive to build the low-carbon economies of the future,” the President said.

Looking ahead

Calling on BMW to continue its role as a flagship partner in the South Africa Investment Conference (SAIC), the President urged the company to deepen localisation, expand youth training, lead in EV battery development, and support township-based supplier development.

“As the Government of National Unity, we welcome the role you continue to play in supporting our drive for inclusive growth and job creation.

“BMW’s presence in the country is one of mutual interest and shared value. To the entire BMW team, you are building more than cars.

“You are building a legacy of excellence, inclusion and hope among South Africans. We look forward to continuing this partnership and supporting the next chapter of your journey,” the President said. – SAnews.gov.za

MIL OSI Africa –

July 25, 2025
MIL-OSI: Drones Dominating the Skies with Increased Production Presenting a Rare Opportunity to Capitalize on Exponential Growth

Source: GlobeNewswire (MIL-OSI)

PALM BEACH, Fla., July 24, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – A recent release from the Department of Defense (DOD) said that: “The Pentagon to Increase Low-Cost Drone Production in U.S. It said that the Defense Department, with help from industry, will ramp up production and fielding of drones to maintain battlefield superiority. Recently at the Pentagon, 18 American-made drone prototypes were on display. Defense Secretary Pete Hegseth, who toured the displays, said the drones that are manufactured using off-the-shelf components for rapid production are examples of disruptive thinking. Emil Michael, undersecretary of defense for research and engineering, said the prototypes on display went from concept to development in just an average of 18 months, a process that normally takes up to six years. The department will continue to rapidly innovate and scale up production of drones and other systems using cost, resilience, firepower and range as driving factors, which are areas DOD wants to improve upon,” Michael said. Hegseth said in a July 10, 2025, memorandum that he’s rescinding restrictive policies that hindered drone production. “Drones are the biggest battlefield innovation in a generation, accounting for most of this year’s casualties in Ukraine. Our adversaries collectively produce millions of cheap drones each year,” he said, noting the U.S. military is lacking needed quantities of lethal small drones. Active Companies in the drone industries include ZenaTech, Inc. (NASDAQ: ZENA), Mercury Systems, Inc. (NASDAQ: MRCY), Safe Pro Group Inc. (NASDAQ: SPAI), RTX Corporation (NYSE: RTX), AIRO Group Holdings, Inc. (NASDAQ: AIRO).

The DOD release added: “The secretary said there are three goals: Prioritizing the purchase of American-made drones and parts with help from industry’s private capital; Arming combat units with low-cost drones made by America’s world-leading engineers and artificial intelligence experts; and Training with drones in realistic battlefield scenarios, led by leaders who are not risk averse.” The report concluded: “President Donald J. Trump signed a June 6, 2025, executive order to speed up U.S. drone production using the latest innovative industry technologies. The president said he supports reducing regulatory uncertainty and streamlining approval and certification processes for safe and secure drone production. Also, the Federal Aviation Administration and DOD will coordinate to streamline the approval processes to expand access to airspace for conducting drone training, Trump said.”

ZenaTech (NASDAQ:ZENA) ZenaDrone Partners with Eagle Point Funding to Win US Defense Customers – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a business technology solution provider specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, today announces that its subsidiary ZenaDrone has signed a strategic partnership agreement with Eagle Point Funding, a specialized consultancy for technology and defense-focused companies, to help win US defense contracts. By leveraging Eagle Point’s deep expertise in R&D grant program opportunities, the company will gain structured support in identifying and preparing competitive proposals, and in establishing and expanding relationships within key US defense and government agencies.

“Our collaboration with Eagle Point Funding will accelerate testing, pilot deployments, and enable long-term procurement discussions—helping ZenaDrone to advance as a key provider of American-made drone solutions,” said Shaun Passley, Ph.D., ZenaTech CEO. “Their expertise in navigating federal R&D funding programs such as SBIR and Department of Defense solicitations (DoD BAA), gives us a powerful advantage as we develop next-generation drone technologies aligned with US defense priorities. This partnership enhances our ability to accelerate product development, expand defense agency relationships, and unlock new growth without equity dilution.”

Eagle Point Funding helps technology companies secure non-dilutive federal R&D grants and contracts from agencies such as the DoD, Air Force, Navy, and others. They specialize in programs such as the Small Business Innovation Research (SBIR), Air Force Works (AFWERX), and the Defense Advanced Research Projects Agency (DARPA), guiding clients through the application process to win contracts.

ZenaDrone has previously completed paid trials with the US Air Force and Navy Reserve, demonstrating its ability to deliver solutions including delivery of critical supplies such as blood in the field. The companies’ suite of drones for military use includes the ZenaDrone 1000, the IQ Nano and the IQ Square drone that are designed for a variety of applications including inspections, surveillance, reconnaissance, and indoor inventory management for warehouses and armories. Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

Other recent developments in the drone industries include:

Mercury Systems, Inc. (NASDAQ: MRCY), a technology company that delivers mission-critical processing to the edge, recently announced it signed two agreements with a European defense prime contractor to expand and accelerate production of processing subsystems and components for radar and electronic warfare missions.

In June, Mercury extended this decades-long customer relationship with a five-year agreement that will enable faster, higher-volume production of sensor processing subsystems powered by Mercury’s HDS6605 6U OpenVPX multiprocessing boards for airborne, land-based, and sea-based radar systems.

Safe Pro Group Inc. (NASDAQ: SPAI), a leader in artificial intelligence (AI)-powered defense and security solutions, recently announced the successful integration of its patented AI object detection models with drone platforms selected for the U.S. Army’s Short Range Reconnaissance (SRR) Program of Record. Safe Pro is seeking to provide the U.S. Army’s future fleet of drones with enhanced explosive threat detection, force protection and essential intelligence, surveillance, and reconnaissance (ISR) capabilities utilizing the Company’s AI-powered computer vision technologies.

This integration supports the U.S. Army’s evolving need for real-time threat detection and ISR capabilities across its next-generation drone fleet. Safe Pro’s proprietary computer vision technology enhances these drones with battlefield-proven AI models capable of rapidly identifying explosive threats and other hazards in complex environments.

RTX Corporation (NYSE: RTX) recently reported second quarter 2025 results. “We continued our momentum in the second quarter with organic sales and profit growth* across all three segments, including 16 percent commercial aftermarket growth,” said RTX Chairman and CEO Chris Calio. “Our backlog grew to $236 billion, up 15 percent versus prior year, and we secured major awards for our geared turbofan engines and integrated air and missile defense capabilities in the quarter.”

“Our updated outlook reflects strong operational performance in the first half and incorporates our current assessment of the impact of tariffs. We are focused on delivering on the strong growth in our commercial and defense end markets and remain well positioned to drive long term profitable growth.”

AIRO Group Holdings, Inc (NASDAQ: AIRO), a global leader in advanced aerospace and defense technologies, recently announced at EAA AirVenture 2025 in Oshkosh, WI, the development of its new middle-mile, medium-lift cargo drone and the expansion of its operations into the YMX Innovation Zone in Mirabel, Quebec. The initiative is led by its Electric Air Mobility segment, Jaunt Air Mobility, and its Canadian subsidiary, Jaunt Air Mobility Canada.

Jaunt’s presence in this hub for Advanced Air Mobility (AAM) innovation strengthens its collaboration with Vertiko Mobilité, a Canadian leader in AAM operations and ground infrastructure development, and benefits from the support of Aéroports de Montréal (ADM).

The new cargo drone is designed to carry 250–500 lbs. over distances of 200+ miles, aiming to provide an efficient, low-emission alternative to traditional middle-mile freight solutions such as box trucks and tractor-trailers.

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DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty one hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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SOURCE: FN Media Group

The MIL Network –

July 25, 2025
MIL-OSI: Silvaco Strengthens Leadership Team with Three Industry Veterans to Drive Innovation and Growth

Source: GlobeNewswire (MIL-OSI)

SANTA CLARA, Calif., July 24, 2025 (GLOBE NEWSWIRE) — Silvaco Group, Inc. (“Silvaco”) (NASDAQ: SVCO), a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, today announced the addition of three seasoned industry veterans to its leadership team: Andrew Wright as Senior Vice President and General Manager of the Semiconductor IP Business Unit, Jasvinder Singh as Senior Vice President and General Manager of the EDA Business Unit, and John Berg as Vice President of Business Development. Collectively, they bring decades of experience in semiconductor design and software development to Silvaco and will play pivotal roles in accelerating innovation and operational excellence.

“Adding these accomplished leaders strengthens our ability to innovate and scale Silvaco’s organic growth,” said Babak Taheri, CEO of Silvaco. “Their insights and proven track records will help advance and accelerate the next phase of our growth. With their expertise, we are well-positioned to broaden our market presence and deliver even greater value to our customers worldwide.”

Andrew Wright leads Silvaco’s Semiconductor IP Business Unit. Most recently, he served as Senior Vice President of R&D and New Product Introduction at Efabless. He previously served as Executive Vice President of New Product Development at Cypress Semiconductor where he led the company’s chip and IP design methodologies and oversaw the development of all Cypress IP and new products. He has also held executive roles at UltraSense and Waterbit.

Jasvinder Singh leads Silvaco’s EDA Business Unit. With over 20 years of leadership experience in EDA, AI, semiconductor and autonomous systems. Jasvinder has built and scaled global R&D teams and driven product, platform and engineering growth for multi-billion-dollar organizations. He has held senior roles at Synopsys, SiClarity, and Cadence, where he led innovations across AI, verification and cloud-enabled design platforms.

John Berg leads business development across all of Silvaco’s product lines. He brings over two decades of leadership experience in quantum computing, semiconductor electronics, and photonics. John has a track record of productizing transformative hardware technologies and solving complex operational challenges. Most recently, he served as Vice President of Supply Chain at PsiQuantum. He has held senior leadership roles at American Semiconductor, Nantero, and Cypress Semiconductor.

About Silvaco Group, Inc.
Silvaco is a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Silvaco’s solutions are used for semiconductor and photonics processes, devices, and systems development across display, power devices, automotive, memory, high performance compute, foundries, photonics, internet of things, and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, and has a global presence with offices located in North America, Europe, Brazil, China, Japan, Korea, Singapore, and Taiwan. Learn more at silvaco.com.

Contacts
Media Relations:
Tiffany Behany, press@silvaco.com

Investor Relations:
Greg McNiff, investors@silvaco.com

The MIL Network –

July 25, 2025
MIL-OSI: Trader AI: This Trader AI App Sets New Standard in AI-Driven Trading with Unmatched Security and User Approval
Source: GlobeNewswire (MIL-OSI)

New York City, NY, July 24, 2025 (GLOBE NEWSWIRE) — Trader AI, a pioneering fintech platform specializing in AI-powered cryptocurrency trading, today announces the launch of its fully integrated trading robot tailored specifically for Canadian investors. Building on extensive development and rigorous testing, Trader AI delivers a secure, compliant, and highly automated solution designed to help both novice and experienced traders optimize returns while effectively managing risk.

By seamlessly combining advanced machine learning algorithms, real-time market analysis, and regulatory compliance, Trader AI establishes itself as a frontrunner in the emerging landscape of AI-driven crypto trading. With the cryptocurrency market expanding rapidly—exceeding USD 50 billion in annual trading volume—investors are seeking innovative tools that simplify trading processes without compromising on security or transparency. Trader AI’s newly announced features and localized support address these needs directly, empowering Canadians to participate confidently in digital asset markets.

Key Highlights:
- AI-Powered Signal Generation: Proprietary machine learning models continuously scan global crypto markets to identify high-probability trade setups across major coins—including Bitcoin (BTC), Ethereum (ETH), and top altcoins—enabling swift, data-driven decision-making.
- Fully Automated Execution: Direct API integrations with FINTRAC-registered Canadian brokerages ensure that algorithmic signals translate instantly into live orders, minimizing latency and slippage.
- User-Centric Interface: A clean, intuitive dashboard guides users from registration to live trading in under 20 minutes, supported by a built-in demo mode for risk-free practice and an optional manual trading toggle for advanced traders.
- Robust Risk Management: Dynamic stop-loss and take-profit mechanisms adjust automatically to real-time volatility metrics, while customizable position-sizing algorithms safeguard capital with preset risk thresholds.
- Transparent Fee Structure: Trader AI requires a minimum deposit of USD 250 and operates commission-free—fees are embedded solely within market-standard spreads, ensuring full cost transparency.
- Canadian-Focused Compliance: With partnerships in Ontario and British Columbia, Trader AI operates alongside regulated broker-dealers, maintains PIPEDA-aligned data practices, and offers optional KYC verification for withdrawals exceeding CAD 2,000 per month.
- Localized Support & Education: 24/7 live chat, toll-free phone lines, region-specific webinars on taxation and compliance, and a bilingual knowledge base demonstrate Trader AI’s commitment to serving Canada’s diverse trading community.
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Trader AI’s Mission: Democratizing Crypto Trading

In recent years, the cryptocurrency sector has witnessed explosive growth—often accompanied by elevated volatility, regulatory uncertainty, and a steep learning curve for newcomers. Recognizing these challenges, Trader AI was conceived to bridge the gap between sophisticated algorithmic trading and accessibility for everyday Canadians. By leveraging artificial intelligence, the platform aims to automate labor-intensive tasks such as trend analysis, technical indicator computation, and real-time order generation, freeing users from the need to monitor markets around the clock.

How Trader AI Works: A Technical Overview

According to official website, Trader AI’s core engine is anchored in a multi-layered AI architecture that integrates supervised learning, deep neural networks, and real-time data aggregation. Below is an outline of the platform’s operational framework:
1. Comprehensive Market Data Aggregation
  - Trader AI continuously ingests live order book data, trade histories, volume indicators, and social sentiment inputs from over 20 global exchanges.
  - All incoming data undergoes cleaning and normalization, ensuring consistency for downstream machine learning modules.
2. Machine Learning and Pattern Recognition
  - A combination of supervised models—trained on historical price movements from January 2017 to December 2024—and unsupervised clustering algorithms identify characteristic market patterns, such as sudden volume surges, technical divergence, and on-chain network activity that historically precedes price shifts.
  - Periodic model retraining occurs every four weeks, incorporating the most recent market data to adapt to evolving conditions.
3. Signal Generation and Scoring
  - When the AI identifies a pattern that meets predefined confidence thresholds (typically 70–85% probability), it issues a trade signal complete with suggested entry price, stop-loss, take-profit levels, and ideal position size relative to account equity.
  - Each signal is assigned a Signal Quality Score (SQS)—a proprietary metric ranging from 0 to 100—that reflects confidence based on factors such as liquidity depth, volatility, and historical win rate for similar setups.
4. Automated Order Execution
  - Upon user authorization (via the “Auto-Trade” toggle), signals are dispatched instantly through secure API connections to partnered Canadian brokerages and select international exchanges.
  - In live conditions, orders are executed with an average round-trip latency of under 150 milliseconds, minimizing the risk of slippage during periods of heightened volatility.
5. Dynamic Risk Management
  - Stop-loss and take-profit parameters adjust in real-time based on Average True Range (ATR) and Bollinger Band expansions. For example, if an asset’s 24-hour volatility spikes above 8%, the AI narrows stop-loss bands by 10–15% to limit drawdown.
  - The platform’s Position Sizing Algorithm (PSA) calculates optimal trade size by referencing account balance, risk tolerance (e.g., 1–3% per trade), and portfolio diversification targets. Any deviation beyond preset risk thresholds triggers an automated alert or halts new allocations.
Registration and Onboarding: Getting Started in Minutes

Trader AI’s streamlined registration process has been optimized for speed, transparency, and regulatory compliance—ensuring that Canadian clients can begin trading quickly without unnecessary hurdles. The following steps outline the typical user journey from initial sign-up to live trading:
1. Account Creation
  - Visit official website homepage, click “Sign Up,” and complete the registration form with basic information:
    
    Full legal name
    
    Email address
    
    Country of residence (preselected as based on IP detection)
    
    Phone number (for 2FA and important notifications)
  - Users must acknowledge the platform’s Terms of Service and Privacy Policy, both of which include specific disclosures regarding data handling under PIPEDA regulations.
2. Email and Phone Verification
  - An email containing a verification link is sent immediately; clicking the link confirms the email address.
  - A one-time code (OTP) is dispatched to the registered phone number. Entering this code completes the two-step verification process.
3. Demo Account Activation
  - Without any deposit requirement, new users receive CAD 10,000 in virtual funds to explore the platform’s features and test AI-generated signals.
  - The demo environment simulates real market conditions, including bid-ask spreads and execution latencies, enabling risk-free practice trades.
4. Minimum Deposit and Funding Options
  - To transition from demo to live trading, a minimum deposit of USD 250 is required.
  - Canadian users may fund accounts via:
    
    Interac e-Transfer: Funds clear within 1–2 business hours.
    
    Credit/Debit Card (Visa/Mastercard): Instant funding up to CAD 5,000 per day for non-verified accounts.
    
    Wire Transfer: Larger deposit limits (up to CAD 50,000 daily) with a 1–2 business day processing time.
  - Immediately after deposit confirmation, live trading features unlock—allowing users to choose between fully automated or manual signal execution.
5. Optional KYC Verification
  - For withdrawals exceeding CAD 2,000 per month, users are prompted to complete Know Your Customer (KYC) verification by uploading:
    
    A government-issued photo ID (e.g., driver’s license, passport)
    
    Proof of address (e.g., utility bill, bank statement dated within the last 90 days)
  - KYC checks typically finalize within 24–48 hours, though urgent requests may be expedited upon user inquiry.
6. Live Trading Activation
  - With funds deposited and (if necessary) KYC cleared, users can configure initial risk parameters—such as daily drawdown limits, maximum open trades, and preferred asset baskets.
  - The AI engine is now primed to generate signals. Traders can elect “Auto-Trade” to allow fully automated execution or opt to review and manually approve each AI recommendation.
Core Features and Functionalities

As per official website, Trader AI’s feature set has been refined to balance sophistication with usability—addressing the distinct needs of Canada’s diverse trading population. The following sections highlight the platform’s most compelling capabilities:

1. AI-Powered Trade Signals
- Proprietary Algorithms: Trader AI’s AI suite includes recurrent neural networks (RNNs) and convolutional neural networks (CNNs), which process time-series price data, order flow imbalances, and macroeconomic indicators to forecast short-term price movements.
- Cross-Asset Analysis: Signals are not isolated to single-asset momentum. The system examines correlations between Bitcoin, major equities indices, and global macro events—such as central bank announcements—to adjust trading thresholds.
- Signal Quality Score (SQS): Each trade recommendation includes an SQS metric (0–100) reflecting confidence based on factors like market depth, recent volatility shifts, and historical win rates for analogous setups. Users can filter signals by minimum SQS thresholds (e.g., ≥ 70) to ensure high-probability engagement.
2. Automated Trade Execution
- API Integrations: Trader AI maintains secure API connections with FINTRAC-registered Canadian brokerages—such as Maple Brokerage and Aurora Digital Assets—and renowned international exchanges. This reduces counterparty risk by routing orders through regulated entities rather than holding funds internally.
- Low-Latency Order Routing: By co-locating servers near major exchange matching engines, Trader AI achieves average order round-trip times under 150 ms. This is critical during rapid price fluctuations when even small delays can erode profit margins.
- Slippage Control: Users may elect “Maximum Slippage Tolerance” parameters (e.g., 0.1%–0.5% of trade size) to prevent orders from executing at disadvantageous prices. If slippage exceeds the user-defined threshold, orders are canceled automatically.
3. Customizable Strategy Settings
- Risk Tolerance Profiles: “Conservative,” “Moderate,” and “Aggressive” presets allow users to quickly adopt risk frameworks aligned with their goals. Conservative settings limit daily drawdown to 2% of account equity and cap leverage at 2x; moderate settings permit up to 4% drawdown and 5x leverage; aggressive settings enable up to 6% drawdown and 10x leverage (subject to brokerage approvals).
- Asset Basket Creation: User-defined “Smart Baskets” group multiple cryptocurrencies—such as “Top 5 by Market Cap,” “Emerging DeFi Tokens,” or “Stablecoin Arbitrage.” The platform rebalances these baskets weekly based on performance, market capitalization changes, and liquidity metrics.
- Volatility-Adaptive Stop-Loss: Stop-loss percentages are not static. Instead, they adjust proportionally to the 14-day Average True Range (ATR) and Bollinger Band expansions. For example, if the ATR for Bitcoin spikes from 2% to 4%, the stop-loss widens by 10–15% to avoid premature exit during heightened volatility.
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4. Portfolio Diversification Engine
- Balanced Allocation Recommendations: The AI provides suggested allocation percentages across multiple asset classes—e.g., 40% BTC, 25% ETH, 15% top-10 altcoins, and 20% stablecoins—based on risk-adjusted performance data and user-defined risk tolerance.
- Correlated Asset Mitigation: By monitoring correlation coefficients between assets (e.g., BTC vs. ETH correlation of 0.85), the platform can reduce overweight positions to minimize systemic exposure. When correlation exceeds 0.9, the AI recommends temporary reallocation to lower-correlation assets.
- Automated Rebalancing: Weekly portfolio rebalancing ensures that no single asset exceeds preset maximum exposure (e.g., 25% of total equity). If an asset’s value grows beyond this cap, the system executes partial sell orders and redistributes proceeds to underweighted categories.
5. Comprehensive Reporting and Analytics
- Real-Time Dashboard: The homepage features live P&L, open trade positions, daily profit percentages, and drawdown statistics. A customizable graph displays historical performance, including monthly ROI comparisons against benchmark indices like the S&P 500 and TSX Composite.
- Sharpe Ratio & Sortino Ratio: Users can view risk-adjusted performance metrics to gauge risk efficiency. A Sharpe Ratio above 1.5 is highlighted in green, indicating favorable risk-adjusted returns. Sortino Ratio (which penalizes downside volatility) is also displayed for more precise risk assessment.
- Trade History: A searchable log details each executed trade (entry price, exit price, timestamp, P&L, SQS). Users can filter by asset, date range, or trade outcome (win/loss). CSV export functionality enables further analysis in external tools.
6. Security and Data Protection
- SSL Encryption & Data Integrity: All data in transit is encrypted via AES 256-bit SSL/TLS protocols. Sensitive user information—such as login credentials and payment details—resides in encrypted databases with advanced hashing (bcrypt) and tokenization methods.
- Two-Factor Authentication (2FA): Upon login, users must input their password followed by a one-time code generated through an authenticator app (e.g., Google Authenticator) or delivered via SMS. This two-tier verification effectively prevents unauthorized access, even if credentials are compromised.
- Third-Party Security Audits: Leading cybersecurity firms—such as CanSecWest Security—conduct quarterly penetration tests and codebase reviews. Summary reports are shared with the Canadian Office of the Privacy Commissioner to demonstrate ongoing compliance with PIPEDA.
- Data Residency: All Canadian user data is stored on servers located within Canada, ensuring compliance with provincial data sovereignty regulations. Backups occur daily and are encrypted with unique user-specific keys.
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7. Transparent Fee Structure
- No Subscription Fees: Trader AI does not charge recurring platform fees—traders benefit from a zero-cost software model.
- Embedded Spread-Only Costs: All trading costs are embedded in exchange spreads. For example:
  - BTC–USD: Typical spread between 0.10% and 0.20%.
  - ETH–USD: Typical spread between 0.12% and 0.22%.
  - Top Altcoins (e.g., LINK, DOT): Spreads between 0.20% and 0.40%.
- Withdrawal Fees:
  - Interac e-Transfer (≤ CAD 1,000): Flat CAD 20 fee.
  - Interac e-Transfer (> CAD 1,000): No fee.
  - Wire Transfers: CAD 30 processing fee (waivable for account balances > CAD 10,000).
- Currency Conversion Markup: For trades executed in USD or other foreign currencies, a transparent 0.25% conversion margin is applied—visibly displayed on the funding page prior to transaction confirmation.
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Localized Support and Educational Initiatives

Trader AI’s success in Canada is rooted in its investment in region-specific support and educational resources. Recognizing that regulatory requirements and tax implications for cryptocurrencies vary significantly from country to country, the platform has implemented multiple initiatives to guide Canadian users.

1. Multi-Channel Customer Support
- 24/7 Live Chat: Available directly on the website, live chat is staffed around the clock by bilingual (English/French) agents trained in both technical troubleshooting and Canadian regulatory guidelines.
- Toll-Free Canadian Phone Lines: Operating daily from 8 AM to 8 PM ET, dedicated support lines (1-800-IMPATH1) ensure prompt resolution of urgent issues—ranging from account access difficulties to withdrawal queries.
- Email Ticketing System: For non-urgent matters, users can submit support tickets via support@immediate-path.com. Average response time is 4–6 hours on weekdays; weekend requests are addressed within 12 hours.
2. Dedicated Compliance Resources
- Regulatory Updates Section: A rotating banner on the Trader AI homepage alerts users to any changes in Canadian crypto regulations—such as new FINTRAC reporting guidelines or provincial licensing requirements.
- Tax Reporting Guides: Downloadable PDFs explain:
  - How to classify various transactions (spot trading, staking rewards, airdrops) for CRA reporting.
  - Strategies for netting gains and losses across multiple wallets and platforms—ensuring accurate portfolio-wide tax calculations.
- AML & KYC Policy Disclosure: Users can review Trader AI’s anti-money-laundering protocols, including suspicious transaction reporting criteria and process flows for large withdrawals requiring enhanced due diligence.
From Demo to Dollars: Transform Your Strategy with Trader AI High-Precision AI—Get Started Now

Safety and Security

As crypto regulatory framework continues to evolve, Trader AI remains committed to exceeding compliance standards and upholding the highest levels of security—minimizing risk for users and partners alike.

1. Data Privacy and PIPEDA Compliance
- PIPEDA-Aligned Privacy Policy: Trader AI’s privacy policy explicitly references the Personal Information Protection and Electronic Documents Act (PIPEDA), ensuring that Canadian user data is collected, processed, and stored in accordance with federal requirements.
- Data Residency: All Canadian user data is housed on servers located within Canadian jurisdiction (Toronto and Montreal data centers), offering additional protection under provincial data sovereignty regulations (e.g., Ontario’s provincial data residency requirements).
- User Rights: Canadians retain full control over personal information—users can request access, correction, or deletion of their data at any time by contacting privacy@immediate-path.com.
2. Encryption and Infrastructure Security
- End-to-End SSL/TLS Encryption: All data transmitted between user browsers and Trader AI’s servers is encrypted via AES 256-bit SSL/TLS protocols, preventing interception or tampering.
- Hashed Password Storage: User passwords are stored using bcrypt with a work factor of 12, making brute-force compromises computationally infeasible.
- Intrusion Detection & Multi-Tenant Segmentation: Network traffic is continuously scanned by an Intrusion Detection System (IDS). Each user’s trading environment resides within an isolated container, preventing cross-account data leaks or unauthorized lateral movement by attackers.
Comparative Performance: Backtesting and Live Results

Trader AI’s performance results—both in backtesting and real-world conditions—underscore its capability to navigate dynamic crypto landscape:

Backtesting Overview (January 2020–December 2024)
- Annualized Return (Conservative Settings): 45%
  - Parameters: Maximum daily drawdown capped at 2%, trades limited to 07:00–16:00 EST (peak liquidity hours), leverage ≤ 2x.
  - Historical drawdown: 12% during March 2020 “Corona Crash.”
- Annualized Return (Moderate Settings): 70%
  - Parameters: Daily drawdown ≤ 4%, 24/7 trading, leverage ≤ 5x.
  - Historical drawdown: 18% during May 2021 “Altseason Correction.”
- Annualized Return (Aggressive Settings): 95%
  - Parameters: Daily drawdown ≤ 6%, leverage ≤ 10x, full asset basket allocation including high-volatility DeFi tokens.
  - Historical drawdown: 25% during November 2021 “Crypto Winter II.”
Metrics
- Average Win Rate: 62%
- Average Risk/Reward Ratio: 1:1.8
- Maximum Drawdown (Conservative): 12%
- Maximum Drawdown (Aggressive): 25%
Asset Coverage and Diversification Strategies

Trader AI supports a broad spectrum of digital assets, enabling traders to construct diversified portfolios that mitigate risk and capture growth across multiple sectors:
1. Major Cryptocurrencies
  - Bitcoin (BTC): The flagship asset, receiving the highest allocation in most conservative and moderate baskets.
  - Ethereum (ETH): Backbone of decentralized finance (DeFi) and smart contracts, featured prominently.
  - Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), Cardano (ADA): Liquid, established altcoins available for core portfolio building.
2. Emerging DeFi and Layer-1 Tokens
  - Polkadot (DOT), Solana (SOL), Avalanche (AVAX): Rapidly scaling networks with robust ecosystems—suitable for moderate-risk allocations.
  - Chainlink (LINK), Aave (AAVE), Uniswap (UNI): Leading DeFi and oracle solutions that often exhibit high volatility paired with substantial upside potential.
3. Metaverse and NFT-Related Tokens
  - Decentraland (MANA), Axie Infinity (AXS), The Sandbox (SAND): Assets tied to virtual real estate and blockchain gaming—ideal for investors seeking exposure to Web3 trends.
4. Stablecoin Pairs and Hedging Options
  - Tether (USDT), USD Coin (USDC), Dai (DAI): Trader AI’s AI can automatically rotate capital into these stablecoins when market volatility exceeds user-defined thresholds (e.g., 10% 24-hour price swing), preserving equity during short-term drawdowns.
5. Sector-Specific Baskets
  - “Layer 1 Champions”: Allocation across BTC, ETH, DOT, SOL, AVAX.
  - “DeFi Innovators”: Allocation across LINK, AAVE, UNI, SUSHI, COMP.
  - “Metaverse Mavericks”: Allocation across MANA, AXS, SAND, FLOW.
Trader AI Knows the Next Move—Be the First to Profit. Download and Trade Today!

Payments, Fees, and Account Funding

Trader AI’s commitment to transparency extends to its straightforward funding and fee model. Canadian users benefit from local payment options, minimal entry capital requirements, and no hidden subscription charges.

1. Minimum Deposit Requirement
- Base Capital: USD 250 (equivalent to approximately CAD 330 at current exchange rates).
- Deposit Methods for Canadians:
  - Interac e-Transfer: Typical processing time of 1–2 business hours; no fees for deposits over CAD 1,000; flat CAD 20 fee for deposits ≤ CAD 1,000.
  - Credit/Debit Card (Visa, Mastercard): Instant processing with a daily limit of CAD 5,000 for non-verified accounts.
  - Wire Transfer: For larger capital needs (up to CAD 50,000 per transaction), processed in 1–2 business days; CAD 30 fee applies (waivable for initial deposits > CAD 10,000).
- Currency Conversion: For trades executed on non-CAD pairs, an automatic 0.25% conversion margin is applied. Real-time mid-market exchange rates are displayed prior to transaction.
2. Fee Structure
- Software Access: No subscription or platform fees—Trader AI’s model is “software-free,” with all platform maintenance costs absorbed by the company.
- Trading Costs (Embedded Spreads):
  - BTC–USD/CAD: Spreads between 0.10% and 0.20%.
  - ETH–USD/CAD: Spreads between 0.12% and 0.22%.
  - Major Altcoins: Spreads ranging from 0.20% to 0.40%.
  - Spread rates adjust dynamically based on overall market liquidity—tightening during high-liquidity periods and widening slightly during low-liquidity windows (e.g., weekends, public holidays).
- Withdrawal Fees:
  - Interac e-Transfer (≤ CAD 1,000): Flat CAD 20.
  - Interac e-Transfer (> CAD 1,000): No fee.
  - Wire Transfer: CAD 30 (waived if account balance exceeds CAD 10,000 at time of withdrawal).
  - Credit/Debit Card Refunds: If a user funded via card and requests a refund to the same card, a 2% processing fee applies to cover issuer charges.
- Overnight Funding Fees: If a user employs leverage (up to 10x for aggressive strategies), an overnight interest rate of 0.03% per day is applied—transparent line-item in the trade ticket before order execution.
About Trader AI

Trader AI Inc. is a AI-driven cryptocurrency trading solutions. Founded in 2023 by a team of quantitative analysts, data scientists, and seasoned software engineers, Trader AI’s mission is to democratize algorithmic trading—making advanced, data-driven strategies accessible to investors of all experience levels.

Key Facts:
- Established: 2023
- Core Product: AI-powered crypto trading robot with automated and manual trading modes
- Target Market: Crypto investors, ranging from first-time traders to institutional participants
- Regulatory Partners: Maple Brokerage (Ontario), Victory Crypto (British Columbia)—both FINTRAC-registered
Company Vision: Trader AI seeks to empower Canadians by providing state-of-the-art AI trading tools under a fully compliant, transparent framework. By combining deep learning, robust risk management, and localized support, Trader AI aims to elevate Canada as a global hub for safe, responsible cryptocurrency trading.

Conclusion

Trader AI stands at the forefront of AI-driven cryptocurrency trading, combining cutting-edge machine learning, rigorous risk management, and a deep commitment to regulatory compliance. For both newcomers and seasoned traders, the platform offers a streamlined onboarding process, transparent fee structures, and a robust suite of tools designed to optimize performance while safeguarding capital. All users benefit from local payment integrations, bilingual support, and educational resources that demystify tax reporting and compliance requirements.

Whether you’re aiming to augment your existing strategy or take your first steps into automated crypto trading, Trader AI delivers an accessible, secure, and high-performing environment. With a proven track record of consistent returns—backed by both backtesting data and real-world results—this platform has quickly become a trusted choice for Canadian investors seeking to navigate volatile markets with confidence.

Ready to experience the power of AI-driven trading for yourself? Sign up for a free demo account and explore Trader AI’s features with CAD 10,000 in virtual funds. When you’re ready to trade live, a minimum deposit of USD 250 (approximately CAD 330) unlocks full access to all automated and manual trading modes. Discover why thousands of Canadians are turning to Trader AI to harness smarter strategies and take control of their crypto portfolios.

Forward-Looking Statements

This press release contains forward-looking statements that reflect Trader AI Inc.’s expectations regarding future events, including anticipated performance, product enhancements, and regulatory developments. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. Trader AI Inc. assumes no obligation to update or revise these statements except as required by applicable law.

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Media Contact

Trader AI

50 W 4th St,
New York, NY 10012, USA
Email: info@traderai.ai
Phone
AU +61284889800
UK +442038379676
Website – https://traderai.ai

General Disclaimer:
The content provided in this article is for informational and educational purposes only. It does not constitute financial, legal, or professional advice. Readers are advised to consult a certified financial advisor, licensed loan officer, or legal professional before making any financial decisions. The information presented may not apply to every individual circumstance and is not intended to substitute professional judgment or regulatory guidance. The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. We does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Trading Disclaimer:
Trading cryptocurrencies carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency trading, and seek advice from an independent financial advisor. ICO’s, IEO’s, STO’s and any other form of offering will not guarantee a return on your investment.
HIGH RISK WARNING: Dealing or Trading FX, CFDs and Cryptocurrencies is highly speculative, carries a level of non-negligible risk and may not be suitable for all investors. You may lose some or all of your invested capital, therefore you should not speculate with capital that you cannot afford to lose. Please refer to the risk disclosure below. Trader AI does not gain or lose profits based on your activity and operates as a services company. Trader AI is not a financial services firm and is not eligible of providing financial advice. Therefore, Trader AI shall not be liable for any losses occurred via or in relation to this informational website.
SITE RISK DISCLOSURE: Trader AI does not accept any liability for loss or damage as a result of reliance on the information contained within this website; this includes education material, price quotes and charts, and analysis. Please be aware of and seek professional advice for the risks associated with trading the financial markets; never invest more money than you can risk losing. The risks involved in FX, CFDs and Cryptocurrencies may not be suitable for all investors. Trader AI doesn’t retain responsibility for any trading losses you might face as a result of using or inferring from the data hosted on this site.
LEGAL RESTRICTIONS: Without limiting the above mentioned provisions, you understand that laws regarding financial activities vary throughout the world, and it is your responsibility to make sure you properly comply with any law, regulation or guideline in your country of residence regarding the use of the Site. To avoid any doubt, the ability to access our Site does not necessarily mean that our Services and/or your activities through the Site are legal under the laws, regulations or directives relevant to your country of residence. It is against the law to solicit US individuals to buy and sell commodity options, even if they are called “prediction” contracts, unless they are listed for trading and traded on a CFTC-registered exchange unless legally exempt. The UK Financial Conduct Authority has issued a policy statement PS20/10, which prohibits the sale, promotion, and distribution of CFD on Crypto assets. It prohibits the dissemination of marketing materials relating to distribution of CFDs and other financial products based on
Cryptocurrencies that addressed to UK residents. The provision of trading services involving any MiFID II financial instruments is prohibited in the EU, unless when authorized/licensed by the applicable authorities and/or regulator(s). Please note that we may receive advertising fees for users opted to open an account with our partner advertisers via advertisers websites. We have placed cookies on your computer to help improve your experience when visiting this website. You can change cookie settings on your computer at any time. Use of this website indicates your acceptance of this website. Please be advised that the names depicted on our website, including but not limited to Trader AI, are strictly for marketing and illustrative purposes. These names do not represent or imply the existence of specific entities, service providers, or any real-life individuals. Furthermore, the pictures and/or videos presented on our website are purely promotional in nature and feature professional actors. These actors are not actual users, clients, or traders, and their depictions should not be interpreted as endorsements or representations of real-life experiences. All content is intended solely for illustrative purposes and should not be construed as factual or as forming any legally binding relationship
RISKS ASSOCIATED WITH FUTURES TRADING
Futures transactions involve high risk. The amount of the initial margin is low compared to the value of the futures contract, so that transactions are “leveraged” or “geared”. A relatively small market movement has a proportionately larger impact on the funds that you have deposited or have to pay: this can work both for you and against you. You may experience the total loss of the initial margin funds as well as any additional funds deposited in the system. If the market develops in a way that is contrary to your position or if margins are increased, you may be asked to pay significant additional funds at short notice to maintain your position. In this case it may also happen that your broker account is in the red and you thus have to make payments beyond the initial investment.
RISKS ASSOCIATED WITH ELECTRONIC TRADING
Before you begin carrying out transactions with an electronic system, you should carefully review the rules and provisions of the stock exchange offering the system, or of the financial instruments listed that you intend to trade, as well as your broker’s conditions. Online trading has inherent risks due to system responses/reaction times and access times that may vary due to market conditions, system performance and other factors, and on which you have no influence. You should be aware of these additional risks in electronic trading before you carry out investment transactions.
Accuracy Disclaimer:
All information included in this article is presented in good faith and believed to be accurate at the time of writing. However, no representations or warranties are made regarding the completeness, accuracy, reliability, or timeliness of any information presented. Any reliance placed on such information is strictly at the reader’s own risk. The publisher does not accept responsibility for typographical errors, outdated information, or changes to products, terms, or policies after publication.
Regulatory and Jurisdictional Disclaimer:
Lending laws vary by jurisdiction, and not all services described in this article may be available in every state or region. It is the responsibility of the reader to understand and comply with local laws and regulations. The platforms mentioned are independently operated and are not controlled or endorsed by the publisher.
Third-Party Liability Waiver:
The publisher, its writers, editors, affiliates, and syndication partners shall not be held liable for any direct or indirect loss, damages, or legal claims arising from the use of this content or from reliance on any third-party services, platforms, or products mentioned herein. All loan agreements, terms, and disputes are strictly between the borrower and the lender or service provider.
Syndication Partner Use:
This content may be republished or syndicated by authorized partners under existing licensing or distribution arrangements. All syndication partners are free from liability regarding the editorial stance, financial suggestions, or any user outcome resulting from the reading or application of this content.

Attachment

The MIL Network –
July 25, 2025
MIL-OSI: Chicken Road Game India – Play and Win Real Money By Chicken Road
Source: GlobeNewswire (MIL-OSI)

Gurugram, Haryana, July 24, 2025 (GLOBE NEWSWIRE) —

Chicken Road Game Introduced to Indian Market

The Chicken Road Game, a mobile-based casual title, has officially entered the Indian gaming space. The game, designed around a simple premise of navigating a chicken across busy roads and obstacle-filled environments, is now accessible through select digital platforms catering to mobile-first audiences.

>>> Learn More About Chicken Road Game >>>

The release comes as India continues to experience rapid growth in mobile and casual gaming, with millions of new players engaging in quick-session titles that require minimal setup or technical expertise.

>>> Learn More About Chicken Road Game >>>

Contextualising the Launch Chicken Road Game

The launch of Chicken Road Game in India coincides with a broader shift toward hyper-casual mobile games that cater to diverse user groups — from urban commuters to players in Tier 2 and Tier 3 cities. With smartphone penetration surpassing 750 million users and data costs remaining among the lowest globally, the Indian market is increasingly attractive for lightweight, instantly accessible gaming formats.

>>> Learn More About Chicken Road Game >>>

The game’s structure, based on a universally understandable “cross-the-road” mechanic, reflects the demand for entertainment that is simple to learn, playable in short intervals, and broadly accessible across demographics.

Format and Accessibility

Chicken Road Game has been released with a mobile-first approach, optimised for Android devices commonly used across India. The game’s technical requirements remain minimal, allowing smooth operation even on entry-level smartphones and in areas with limited bandwidth.

Features include:
- A tap-based control system designed for short bursts of gameplay.
- Randomised obstacle patterns to ensure varied playthroughs.
- Lightweight installation size for users with limited device storage.
The game is accessible for free on supported platforms, with optional ad-supported modes and cosmetic enhancements offered through in-app systems.

Alignment with Casual Gaming Trends

India’s gaming landscape has shifted dramatically toward hyper-casual experiences over the last five years. Titles that can be played without prior experience or extended learning curves now represent a significant share of downloads across app marketplaces.

Chicken Road Game joins this category, offering entertainment that appeals to a broad spectrum of players — including those who may not identify as traditional gamers but engage with digital content during commutes, work breaks, or leisure time.

Industry analysts note that these formats also help introduce new players to interactive entertainment ecosystems, often serving as an entry point into mobile gaming.

Regulatory and Market Considerations

The Chicken Road Game is delivered through established digital platforms that operate within India’s existing guidelines for mobile applications. As a casual, non-real-money title, it falls outside the regulatory frameworks governing online betting and wagering, making it widely accessible across states.

Platforms distributing the game have incorporated standard user protection measures, including parental control features, to ensure suitability for varied age groups.

Industry Observations

The introduction of Chicken Road Game in India highlights the continued growth of quick-session, low-complexity mobile titles. Industry experts view these releases as a key driver for audience engagement, particularly as the country’s gaming audience expands beyond metro hubs to semi-urban and rural markets.

Developers and publishers are increasingly focused on titles that leverage simple mechanics, low data usage, and universal appeal to build sustainable player bases across diverse regions.

Conclusion

The arrival of Chicken Road Game in the Indian market reflects the ongoing evolution of digital entertainment consumption. By combining a straightforward concept with a mobile-first design, the game underscores the role of hyper-casual formats in attracting and retaining players in one of the world’s fastest-growing gaming markets.

As casual gaming continues to gain momentum, titles like Chicken Road Game represent the type of accessible entertainment that resonates with India’s mobile-first audience.

Company Name: Chicken Road

Address: 673, JMD Building, Gurugram, Haryana

Website: https://chicken-roadd.com

Email: sumit@chicken-roadd.com

Phone: +91-2049157035

Media Contact: Sumit

Attachment
- Chicken Road
The MIL Network –
July 25, 2025
MIL-OSI: LPL Financial Welcomes Wyoming Asset Advisors to Linsco Channel

Source: GlobeNewswire (MIL-OSI)

SAN DIEGO, July 24, 2025 (GLOBE NEWSWIRE) — LPL Financial LLC announced today that financial advisors Jared Black and Richard Brokaw have joined LPL’s employee advisor channel, Linsco by LPL Financial, to launch Wyoming Asset Advisors Powered by LPL. They reported serving approximately $400 million in advisory, brokerage and retirement plan assets* and join LPL from Wells Fargo Advisors.

Located in Cheyenne, Wyo., the team has more than 65 years of experience and have worked together for over three decades. They are fourth and fifth generation Wyomingites. As a team, they use each other as a sounding board to discuss market conditions and expectations.

Together, they provide comprehensive investment advice to a wide range of clients, the majority of which are in retirement. They believe every client is unique and they have a financial philosophy of honesty, responsiveness and knowledge.

“I think our approach speaks for itself. Overall, it’s a matter of having the understanding and the knowledge to structure our clients’ portfolios for the most beneficial outcomes,” said Brokaw. “To ensure happy clients, it’s all about service and communication.”

Why Wyoming Asset Advisors made the move to Linsco by LPL

Looking to have more autonomy and flexibility, Black and Brokaw turned to LPL Financial for the next chapter of their business. With Linsco, advisors have access to LPL’s integrated wealth management platform and robust business resources, along with the additional benefits of having support from an experienced branch management team, dedicated marketing consultant and other resources that allow advisors to focus on their clients.

“At the end of the day, it was the ethos of LPL and their view of us as clients, along with their commitment to supporting me and my clients, that made the move to LPL make sense for us,” said Black. “The biggest catalyst was their perspective on the relationship. I still own my relationship with the clients, but now I have increased capacity to serve them.”

Scott Posner, LPL Managing Director, Business Development, said, “We welcome Jared and Richard to the Linsco community. LPL is committed to providing flexibility and equipping advisors with sophisticated capabilities to continue to provide the best client experience. We look forward to supporting the team for years to come.”

Related
Advisors, learn how LPL Financial can help take your business to the next level.

About LPL Financial

LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace, LPL supports over 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.

Securities and advisory services offered through LPL Financial LLC (“LPL Financial”), a registered investment advisor and broker-dealer, member FINRA/SIPC.

Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial.

We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.

*Value approximated based on asset and holding details provided to LPL from end of year, 2024.

Media Contact:
Media.relations@LPLFinancial.com

Tracking #773054

The MIL Network –

July 25, 2025

Category: Technology

Singapore as a Strategic Hub in Microsoft’s Global Research Network

Driving Multi-Domain AI Innovation through Interdisciplinary Collaboration

Developing AI Talent and Strengthening Ecosystem Collaboration

About Microsoft Research Asia

About Microsoft