Category: Technology

  • MIL-OSI: NHS Management Turns to Vetty and Chattr to Supercharge Health Care Staffing

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas and TAMPA, Fla., June 10, 2025 (GLOBE NEWSWIRE) — Vetty, the one-stop shop hiring acceleration platform, and Chattr, automated AI hiring software for the frontline, today shared details of its combined support for NHS Management, LLC, which provides administrative management services for 49 health care facilities across the Southeastern U.S. with an employee headcount of more than 8,000.

    Implemented under the leadership of Mike Dickinson, Director of Recruiting at NHS Management, Vetty and Chattr have helped to fundamentally change how the company recruits in a time of unprecedented labor shortages. Bringing in Chattr to eliminate bottlenecks in applicant screening and interview scheduling, NHS Management significantly reduced its time-to-hire from roughly 20 days to nine, establishing a faster and more consistent pipeline, without sacrificing quality. Vetty served as the next step in streamlining the workflow, replacing a slow, manual process and reducing background turnaround from three to five days down to about one. The result: a more positive candidate experience and optimized hiring team efficiency.

    Dickinson commented, “Partnering with Chattr and Vetty has completely transformed how we recruit. Not only have we cut our time-to-hire in half, but we’ve also made the experience easier for our applicants and empowered our hiring managers. This has made it possible to focus on finding the right talent faster, which ultimately leads to better care for our patients and residents.”

    “Working alongside Mike and his team, we delivered a smarter, more seamless experience for NHS Management’s recruiters and the candidates they attract,” said Jim Schimpf, CEO of Chattr. “This partnership with NHS Management and Vetty is proof of the powerful outcomes that happen when innovative technology and operational excellence come together.”

    Echoing Schimpf, Jason Putnam, CEO at Vetty, added, “Hiring in a high-volume, high-turnover sector like health care presents a unique set of challenges, and every second counts in the recruiting process. Mike and the NHS Management team had a clear vision for what they wanted to accomplish by bringing in Vetty and Chattr, and we’re pleased to have delivered such tangible results.”

    ABOUT CHATTR
    Chattr is a hiring efficiency platform that helps frontline teams automate screening, scheduling, and candidate engagement. Companies rely on Chattr to speed up hiring, reduce manual work, and improve candidate conversion across high-volume roles. Learn more at https://chattr.ai.

    ABOUT VETTY
    Vetty is a one-stop shop hiring acceleration platform where companies can expeditiously complete their screening, credentialing, hiring and onboarding of prospective candidates. Companies count on Vetty to accelerate the time from offer to active and deliver clearly measurable ROI. Learn more at https://vetty.co.

    The MIL Network

  • MIL-OSI: InStride Redefines Workforce Development Through Strategic Expansion

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, June 10, 2025 (GLOBE NEWSWIRE) — InStride, a leading provider of strategic education and skilling solutions, today announced continued growth, accelerated by its new and transformative approach to workforce development. Recently named by TIME and Statista as one of the World’s Top EdTech Companies of 2025, InStride has advanced its offerings to address critical talent challenges through education and skilling solutions designed to be career-aligned, industry-relevant, and tailored to its corporate partners’ needs. In partnership with some of the most influential organizations in the Fortune 250, InStride provides nearly one million eligible employees access to over 2,500 education opportunities, helping prevent $73 million in student loan debt to date.

    “Education benefits have come a long way from basic tuition reimbursement,” said Craig Maloney, CEO of InStride. “We’ve reimagined them as strategic levers for HR teams to attract and retain talent, upskill their workforce, fill critical roles, and ensure their people are ready for what’s next. Over the past six years, we’ve built programs that address such challenges and have seen the difference they can make for people and businesses alike.”

    Each of the following innovations was designed to make strategic education solutions more relevant, flexible, and effective—for the people using them and the companies supporting them.

    Award-winning, expanded offerings

    • A broader, more flexible learning network
      Gone are the days of a one-size-fits-all workforce development. InStride’s expanding portfolio of 2,500+ educational offerings with leading universities, such as Arizona State University, creates flexible pathways aligned with workforce demands. Formats include English-language programs, specialized healthcare certifications, and stackable credentials, all tailored to how people learn and grow.
    • Career Education Paths
      InStride’s award-winning Career Education Paths connect learning directly to career outcomes, increasing program completion rates. Honored by Fast Company and EdTech Breakthrough Awards, these structured paths are designed using Lightcast to map learning to 40+ specific roles across technology, healthcare, and corporate services. The result: higher engagement and a reliable pipeline of skilled talent.
    • Dependent education benefits
      InStride enables businesses to extend education benefits to employees’ dependents. This allows employees at participating companies to use their benefits for spouses and children who gain access to career-aligned courses, certifications, and degrees, which enhances employee loyalty and retention as workers feel a deeper commitment to companies investing in their families. In turn, dependent benefits create a ripple effect beyond the workplace, helping to uplift communities by expanding access to education and opportunity for future generations.
    • Supporting a skills-first approach
      InStride helps companies build talent strategies grounded in employee skills and capabilities. This includes helping companies identify the skills needed for key roles, map career paths, and uncover gaps between the skills employees have and the ones their businesses need. With that foundation in place, companies can make more informed hiring and promotion decisions—and use targeted learning programs to help employees build the skills to grow into critical roles.

    Pioneering, scalable, customizable solutions

    • Hybrid clinical cohorts
      Healthcare systems can’t rely solely on external hiring. InStride’s hybrid clinical cohorts address staffing shortages in healthcare by combining online coursework with in-hospital training. With structured learning models to boost completion rates, they create pathways to in-demand roles like medical assistants, surgical technologists, and clinical lab specialists. This empowers employers to develop talent from within, which has proven to reduce staffing shortages and improve career mobility for existing employees.
    • Industry-first franchise workforce education model
      InStride’s hub-and-spoke franchise education model allows franchisees to opt into and manage corporate education programs while customizing them for their workforce, providing centralized tracking and reporting tools for improved oversight​. This balance between corporate structure and local flexibility helps franchise businesses retain and develop talent while maintaining a consistent workforce strategy. This approach has delivered impressive results, with over 50% of franchisees at one partner adopting the program in its first year and achieving a one-third higher retention rate for participating employees compared to non-participants.
    • Custom solutions for accelerated capability building
      To help businesses build specialized professional skill sets, InStride introduced Capability Accelerators, which provide custom academies tailored for specific roles including first-line managers, manufacturing and healthcare leaders; cohort-based learning with applied, real-world training featuring expert coaching and AI-enhanced tools; and university-backed content that blends academic insights with practical, job-relevant learning.

    “We remain committed to building solutions that meet real workforce needs,” said Craig Maloney, CEO of InStride. He says of the company’s future development: “We’re now investing more in AI that truly transforms individual careers and organizational success. We always start with our partners’ business goals in mind—and by intelligently analyzing employee data like job roles, skills, and aspirations, we’re better able to connect talent to the right education opportunities and personalized coaching support. That precision is what drives meaningful outcomes.”

    About InStride

    InStride solves corporate talent challenges with strategic education and skilling solutions. By breaking down barriers to learning, fostering career growth aligned with organizational goals, and simplifying program management, InStride delivers lasting impact. Partnering with forward-thinking companies like Labcorp, Adidas, and SSM Health, InStride drives meaningful social and business outcomes by providing access to life-changing education. Visit instride.com or follow InStride on LinkedIn for more information and up-to-date news.

    Contact
    Sophia Puglisi, Communications Manager at InStride, sophia.puglisi@instride.com, 805-889-6273

    The MIL Network

  • MIL-OSI: eToro Reports First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) — eToro Group Ltd. (“eToro”, or the “Company”) (NASDAQ: ETOR), the trading and investing platform, today announced financial results for the first quarter ended March 31, 2025.

    “I am incredibly proud of the eToro team for producing strong first quarter results and the successful completion of our initial public listing. As a business that champions access to capital markets, we are excited to now be part of those markets. The retail investor of 2025 is informed and connected and we’re encouraged to see their trading behavior enabling them to benefit from market opportunities. We believe that AI is turbo-charging the reshaping of the investing landscape and we’re excited to be at the forefront of this transformation. As a global community that empowers retail investors, we are well positioned to drive sustainable growth and profitability over time, creating further value for our shareholders,” commented Yoni Assia, CEO and Co-founder of eToro.

    First Quarter 2025 Financial Highlights

    • Net contribution increased by 8% year on year to $217 million, compared to $201 million in the first quarter of 2024, driven primarily by increased trading activity.
    • Net income (GAAP) was $60 million, compared to $64 million in the first quarter of 2024 due to increased investment in marketing and growth in response to favorable market conditions.
    • Adjusted EBITDA (non-GAAP) was $80 million compared to $87 million in the first quarter of the prior year reflecting the investments referenced above. Adjusted EBITDA margin was 37%, compared to 43% in the prior year period.1
    • Funded accounts increased 14% year on year to 3.58 million compared to 3.13 million in the first quarter of 2024. This was driven primarily by ongoing user acquisition and retention efforts, as well as the acquisition of Australian investing app Spaceship in 2024.
    • Assets under Administration grew by 21% year on year to $14.8 billion compared to $12.2 billion.
    • Cash, cash equivalents and short term investments were $736 million as of March 31, 2025.

    1 See “Non-GAAP Financial Metrics and Key Performance Indicators” below for additional information and a reconciliation to GAAP for all Non-GAAP financial metrics. Adjusted EBITDA margin is based on net contribution.

    “Our results show strong business performance for Q1 with an increase in net contribution driven by increased trading activity and our continued focus on sustainable, profitable growth. In the first quarter, in response to the market environment, we increased investment in marketing and growth,” said Meron Shani, eToro CFO.

    Business Highlights
    eToro continued to focus on sustainable, profitable growth in Q1, launching products and services to support users at every stage of their investing journey.

    • Trading: eToro continues to expand and develop the range of assets and tools users need to trade the global markets. In the first quarter, eToro launched futures in Europe and options in the UK. With the addition of 40 more tokens, eToro now offers trading in over 130 cryptoassets. The Company also extended trading hours by offering a number of stocks and ETFs for 24/5 trading.
    • Investing: eToro added stocks from the Abu Dhabi and Hong Kong stock exchanges and now offers users the ability to invest in companies listed on more than 20 of the world’s leading exchanges. It continued to grow its range of Smart Portfolios with the launch of a commodities portfolio in partnership with WisdomTree, and a portfolio offering 100% capital protection. As part of the Company’s commitment to offer its users access to interest earning assets, eToro launched securities lending to users in Europe, and expanded crypto staking to include DOT and ATOM.
    • Wealth management: As part of its long-term investment strategy, in the first quarter, eToro introduced a new self-directed offering as part of its UK ISA and introduced recurring investments for stocks, ETFs and crypto allowing users to make regularly scheduled investments. The Company also initiated the integration of Spaceship and the expansion of its Australian offering to include superannuation solutions.
    • Neo-banking: In the first quarter, eToro began the roll out of crypto to fiat enabling users to transfer their crypto to eToro and diversify into other asset classes. As part of the expansion of the eToro Money offering, eToro partnered with local financial institutions to offer local virtual bank accounts in multiple countries. The Company also continued to expand the ability for users to trade local stocks using local currencies.
    • Financial education and AI: eToro is committed to empowering its users to grow their financial knowledge with accessible and engaging content. The Company is leveraging AI to accelerate the production and translation of education materials and now offers more than 3,000 articles, videos, podcasts and webinars in 11 languages.
    • Regulatory developments: In Q1, eToro was granted a MiCA permit by CySec which enables the provision of crypto services across the EU. As long-term supporters of crypto, this is a key milestone and eToro welcomes the regulatory clarity and uniform rules provided by MiCA which it believes will foster greater crypto adoption across Europe. The Company also achieved a SOC 2 Type II compliance certification which demonstrates its strong commitment to operational excellence throughout its crypto custody operations.

    Second Quarter 2025 Update

    • The performance of the business through May 31, 2025 reflects continued progress and interest in trading and investing from retail investors in response to market events.
    • As of May 31, 2025 eToro had 3.61 million funded accounts and $16.9 billion in Assets under Administration.

    Contact
    Media Relations – pr@etoro.com
    Investor Relations – investors@etoro.com

    About eToro
    eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media center here for our latest news.

    ETORO GROUP LTD.
    CONDENSED CONSOLIDATED BALANCE SHEETS
    U.S. dollars in thousands

        March 31,   December 31,
        2025   2024
        Unaudited   Audited
    Assets        
    Current assets:        
    Cash and cash equivalents   660,060     575,395  
    Restricted cash   319     314  
    Short-term investment   76,000     65,000  
    Counterparties   240,842     224,867  
    Cryptoassets   99,761     113,279  
    Receivable from omnibus accounts   10,905     50,466  
    Other receivables and prepaid expenses   49,795     46,005  
        1,137,682     1,075,326  
             
    Non-current assets:        
    Restricted cash   11,751     11,630  
    Right of use assets   43,054     44,406  
    Property and equipment, net   4,965     5,007  
    Goodwill and other intangible assets, net   45,564     46,346  
    Deferred taxes   12,708     8,647  
        118,042     116,036  
             
    Total Assets   1,255,724     1,191,362  
             
    Liabilities and equities        
    Current liabilities:        
    Accounts payable   5,768     4,201  
    Current maturities of long-term lease liabilities   4,940     4,758  
    Payable to users   115,290     103,493  
    Accrued expenses and other payables   176,718     193,115  
        302,716     305,567  
             
    Non-current liabilities:        
    Employee benefit liabilities, net   1,202     1,253  
    Long-term lease liabilities   42,447     43,546  
    Deferred taxes liabilities   7,210     2,968  
    Other long-term liabilities   7,484     5,653  
        58,343     53,420  
             
    Equity attributable to equity holders of the company:        
    Common share premium   479,036     474,469  
    Preferred share premium   397,019     397,019  
    Treasury shares   (2,625 )   (2,625 )
    Advanced Investment Agreement   9,091     9,091  
    Other capital reserve   (361 )   1,868  
    Retained Earnings (Accumulated deficit)   12,505     (47,447 )
        894,665     832,375  
    Total liabilities and equity   1,255,724     1,191,362  

    ETORO GROUP LTD.
    CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS
    AND OTHER COMPREHENSIVE INCOME (LOSS)
    U.S. dollars in thousands

        Three months ended
    March 31,
        2025   2024
        Unaudited   Unaudited
             
    Revenue and income:        
    Net trading income from equities, commodities and currencies   96,837     73,098  
    Revenue from cryptoassets   3,500,800     3,293,120  
    Net trading income (loss) from cryptoassets derivatives   77,051     (56,767 )
    Net interest income from users   52,618     49,318  
    Currency conversion and other income   23,911     21,403  
    Other interest income   4,164     3,348  
    Total revenue and income   3,755,381     3,383,520  
             
    Costs:        
    Cost of revenue from cryptoassets   3,528,853     3,173,766  
    Margin interest expense   9,159     8,650  
    Research and development   36,621     33,166  
    Selling and marketing   61,222     37,342  
    General, administrative and operating costs   49,502     56,042  
    Finance and other expenses, net   (517 )   928  
    Total costs   3,684,840     3,309,894  
             
    Income before taxes on income   70,541     73,626  
    Taxes on income   10,589     9,516  
    Net income   59,952     64,110  
             
    Other comprehensive income, net:        
    Items that may be reclassified subsequently to profit or loss:        
    Cash flow hedges, net of tax   (2,229 )    
    Other comprehensive loss for the year, net of tax   (2,229 )    
             
    Total comprehensive income   57,723     64,110  
             
    Basic net income per share   0.79     0.85  
    Diluted net income per share   0.69     0.76  
             
    Weighted-average shares of common shares used to compute net income per share attributable to common shareholders:      
    Basic   75,712,289     75,040,326  
    Diluted   86,576,130     84,239,189  

    ETORO GROUP LTD.
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    U.S. dollars in thousands

        Three months ended
    March 31,
        2025   2024
        Unaudited   Unaudited
             
    Cash flows from operating activities:        
    Net income   59,952     64,110  
             
    Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
    Adjustments to profit or loss items:        
    Depreciation, amortization and impairment   3,011     2,590  
    Share-based payment   4,287     8,891  
    Evaluation of contingent liability   1,831      
    Revaluation of fair value of cryptoassets and counterparties   51,830     (2,004 )
    Non-cash revenue from staking and blockchain rewards   (8,723 )   (3,877 )
    Non-cash costs from staking and blockchain rewards   5,847     2,441  
    Finance and other expenses, net   (517 )   928  
    Taxes on income, net   10,589     9,516  
        68,155     18,485  
    Changes in asset and liability items:        
    Increase of counterparties   (68,235 )   (67,300 )
    Decrease (increase) of cryptoassets   13,154     (8,196 )
    Increase of other receivables and prepaid expenses   (7,029 )   (15,427 )
    Increase of restricted cash   (124 )   (77 )
    Increase (decrease) of accounts payable   (670 )   13,043  
    Increase of user and omnibus accounts, net   48,901     38,842  
    Increase (decrease) of accrued expenses and other payables   (19,753 )   11,677  
    Decrease of employee benefit liabilities, net   (29 )   (439 )
        (33,785 )   (27,877 )
    Interest received (paid), net during the year   967     (1,235 )
    Taxes paid, net during the year   (5,557 )   (2,600 )
    Net cash provided by operating activities   89,732     50,883  
             
    Cash flows from investing activities:        
    Increase of short-term investments   (11,000 )    
    Purchase of property and equipment   (522 )   (1,712 )
    Purchase of intangible assets   (57 )    
    Net cash used in investing activities   (11,579 )   (1,712 )
             
    Cash flows from financing activities:        
    Exercise of options   280     211  
    Repayment of lease liability   (1,147 )   (909 )
    Net cash used in financing activities   (867 )   (698 )
             
    Exchange differences on balances of cash and cash equivalents   7,379     (3,579 )
             
    Increase in cash and cash equivalents   84,665     44,894  
             
    Cash and cash equivalents at beginning of year   575,395     388,334  
             
    Cash and cash equivalents at end of year   660,060     433,228  


    Non-GAAP Financial Metrics and Key Performance Indicators

    This press release and the accompanying tables contain certain non-GAAP financial metrics which differ from results prepared in accordance with GAAP. These non-GAAP financial metrics include: Adjusted EBITDA, which is defined as net income (loss) adjusted to exclude finance and other expenses, net, taxes on income, share-based payment expense, depreciation and amortization, employee non-cash expense, one-time transaction costs and other expense (income).

    eToro believes that these non-GAAP financial metrics may be helpful to investors because they provide consistency and comparability with past financial performance. Additionally, eToro management regularly review certain key performance metrics and non-GAAP financial metrics to evaluate its business, measure its performance, identify trends, prepare financial projections and make business decisions. However, non-GAAP financial metrics are presented for supplemental informational purposes only, have limitations as an analytical tool, and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. Other companies, including companies in eToro’s industry, may calculate similarly titled non-GAAP financial metrics differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of these non-GAAP financial metrics as tools for comparison. A reconciliation is provided below for the non-GAAP financial metrics to the most directly comparable financial metric stated in accordance with GAAP.

    ETORO GROUP LTD.
    RECONCILIATION OF NON-GAAP METRICS
    U.S. dollars in thousands

        Three months ended
        March 31,
        2025   2024
        Unaudited   Unaudited
             
    Net income   59,952     64,110
    Finance expense, net   (517 )   928
    Taxes on income   10,589     9,516
    Share-base payment expense   4,287     8,891
    Depreciation, amortization, and impairment   3,010     2,590
    Employee non-cash expense2   (1,049 )   595
    Transaction related costs3   2,091     247
    Evaluation of contingent liability4   1,831    
             
    Adjusted EBITDA   80,194     86,877

     

    2Employee non-cash expense is related to payroll expenses recorded in respect of the non-withdrawable amount (“NWA”) over the employee’s vesting period.
    3Transaction related costs include transaction costs associated with the initial public offering.
    Evaluation of contingent liability is related to the commitment to issue shares as part of the Spaceship acquisition. Due to an increase in the share price, an evaluation was performed.

    Definitions of Certain Key Performance Indicators

    Adjusted EBITDA: Adjusted EBITDA is a non-GAAP financial metric that we define as net income (loss) adjusted to exclude finance and other expenses, net, taxes on income, share-based payment expense, depreciation and amortization, employee non-cash expense, one-time transaction costs and other expense (income).

    Assets under administration: Assets under administration (‘AUA’) are defined as the aggregate of the following: (i) the total fair value of all equities, cryptoassets, commodities, currencies and options held by users in their accounts, (ii) cash held by users in their accounts, (iii) eToro Money balances, (iv) users’ cryptoassets held in the eToro digital wallet, (v) users’ assets held by 3rd parties partners for execution or custody services.

    Funded Accounts: Funded Accounts are users who have completed KYC, AML and other onboarding processes, activated their account, deposited funds, executed at least one trade at any time and have a positive account balance (invested or uninvested). Funded Accounts represent the deepest level of our user acquisition funnel and are the users from whom we generate Total Commission.

    Interest Earning Assets: Interest Earning Assets are the average monthly balances of users’ cash balances, corporate cash, users’ total leveraged positions and stakeable cryptoassets.

    Net Contribution: Net Contribution reflects Total revenue and income, less the Cost of revenue from cryptoassets and Margin interest expense. We use Net Contribution to evaluate the net contributions of our users’ activity on our platform before considering the overhead costs associated with our operations.

    Net Contribution consists of the following five components, each representing revenue or income divided across our products based on the distinct patterns upon which we monetize users’ activity on the platform. We evaluate the performance of our business and our success in both diversification and risk management across these five components:

    • Net Trading Contribution (Equities, Commodities and Currencies) is equal to our Net trading income from equities, commodities and currencies.
    • Net Trading Contribution (Cryptoassets) is equal to Revenue from cryptoassets plus Net trading income (loss) from cryptoasset derivatives less Cost of revenue from cryptoassets, excluding the net contributions from blockchain rewards and staking activity.
    • Net Interest Contribution represents Net interest contribution from users plus Other interest income plus the net contributions of staking activity, less Margin interest expense.
    • eToro Money comprises the vast majority of our Currency conversion and other income. It represents the income earned from our money management services, including currency conversions, withdrawals, interchange on our debit card, transfers of cryptoassets, and fees relating to our cryptoasset wallet services.
    • Subscriptions and Other is the remainder of Currency conversion and other income not attributable to eToro Money plus the net contributions of blockchain rewards.

    Net Income
    Net income represents the company’s total earnings or profit for a given period, calculated as total revenue minus all expenses, including operating costs, depreciation, interest, taxes, and other income or expenses. It reflects the company’s overall profitability according to GAAP standards.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook and market positioning. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “outlook,” “guidance,” “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “plan,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond eToro’s control. eToro’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to market volatility and erratic market movements; failure to retain existing users or adding new users; extreme competition; changes in regulatory and legal framework under which we operate; regulatory inquiries and investigations; our estimates of our financial performance; interest rate fluctuations; the evolving cryptoasset market, including the regulations thereof; conditions related to our operations in Israel, including the ongoing war; risks related to data security and privacy and use of OSS; risks related to AI; changes in general economic or political conditions; changes to accounting principles and guidelines; the ability to maintain the listing of our securities on Nasdaq; unexpected costs or expenses; and other factors described in “Risk Factors” in our Registration Statement on Form F-1, filed with the SEC on March 24, 2025, as amended, and declared effective by the SEC on May 13, 2025. Further information on potential risks that could affect actual results will be included in the subsequent filings that eToro makes with SEC from time to time.

    Past performance is not necessarily indicative of future results. The forward-looking statements included in this press release represent eToro’s views as of the date of this press release. eToro anticipates that subsequent events and developments will cause its views to change. eToro undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. These forward-looking statements should not be relied upon as representing eToro’s views as of any date subsequent to the date of this press release.

    Source: eToro Group Ltd.

    The MIL Network

  • MIL-OSI: Gilat Secures $27 Million for Gilat’s Stellar Blu Portfolio

    Source: GlobeNewswire (MIL-OSI)

    PETAH TIKVA, Israel, June 10, 2025 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today announced that its Commercial Division secured $27 million for Gilat Stellar Blu’s ESA Terminal technology. Deliveries are expected primarily over the next 12 months.

    Gilat Stellar Blu’s compact, high-performance, multi-orbit ESA terminal, technology, products and solutions are gaining traction across the aviation market as they are designed to meet the increasing connectivity demands of commercial, business and defense airborne platforms. The platform enables high-capacity communications with the agility and scalability required for next-generation aviation networks.

    The market for airborne communications is seeing strong momentum, with sustained investment from all sectors. This trend supports continued demand for innovative, high-value connectivity solutions worldwide.

    “These orders and deliveries represent an important step forward in the continued expansion of our Sidewinder platform,” said Tracy Trent, President of Gilat Stellar Blu. With Gilat Stellar Blu’s innovation and momentum, we’re enabling more and more agile, scalable, and mission-critical airborne communications solutions for commercial, business and defense sectors.”

    About Gilat

    Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we develop and deliver deep technology solutions for satellite, ground, and new space connectivity, offering next-generation solutions and services for critical connectivity across commercial and defense applications. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.

    Together with our wholly owned subsidiaries—Gilat Wavestream, Gilat DataPath, and Gilat Stellar Blu—we offer integrated, high-value solutions supporting multi-orbit constellations, Very High Throughput Satellites (VHTS), and Software-Defined Satellites (SDS) via our Commercial and Defense Divisions. Our comprehensive portfolio is comprised of a cloud-based platform and modems; high-performance satellite terminals; advanced Satellite On-the-Move (SOTM) antennas and ESAs; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense markets, field services, network management software, and cybersecurity services.

    Gilat’s products and tailored solutions support multiple applications including government and defense, IFC and mobility, broadband access, cellular backhaul, enterprise, aerospace, broadcast, and critical infrastructure clients all while meeting the most stringent service level requirements. For more information, please visit: http://www.gilat.com

    Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words “estimate”, “project”, “intend”, “expect”, “believe” and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause the actual results, performance or achievements of Gilat to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among others, changes in general economic and business conditions, inability to maintain market acceptance to Gilat’s products, inability to timely develop and introduce new technologies, products and applications, rapid changes in the market for Gilat’s products, loss of market share and pressure on prices resulting from competition, introduction of competing products by other companies, inability to manage growth and expansion, loss of key OEM partners, inability to attract and retain qualified personnel, inability to protect the Company’s proprietary technology and risks associated with Gilat’s international operations and its location in Israel, including those related to the hostilities between Israel and Hamas. For additional information regarding these and other risks and uncertainties associated with Gilat’s business, reference is made to Gilat’s reports filed from time to time with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.

    Contact:

    Gilat Satellite Networks
    Hagay Katz, Chief Product and Marketing Officer
    hagayk@gilat.com

    Alliance Advisors:
    GilatIR@allianceadvisors.com
    Phone: +1 212 838 3777

    The MIL Network

  • MIL-OSI: Eternex Network (eTRNX) Completes Successful Phase 1 of IEO — Aims to Reshape Global Finance with Tokenized Real-World Assets and AI-Powered Investing

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, June 10, 2025 (GLOBE NEWSWIRE) — eTRNX Network, the next-generation blockchain ecosystem built for emerging markets, has officially concluded Phase 1 of its Initial Exchange Offering (IEO) with resounding success. With listings across major IEO platforms-P2PB2B, Dex-Trade, and BitStorage—the project has captured global investor attention by delivering on its promise: real-world blockchain utility, not just market speculation.

    As Phase 2 of the IEO approaches completion, early participants still have a chance to secure positions before the next wave of utility rollouts, token unlocks, and exchange listings.

    Finance Without Borders, Barriers, or Banks

    While most DeFi projects chase hype, eTRNX focuses on substance-building an ecosystem that democratizes access to income-generating assets and powerful financial tools. Designed to serve populations in Africa, Asia, and the Middle East, the project delivers:

    Tokenized REITs: Own fractions of global real estate and earn automated monthly rental yields via smart contracts.

    Money Market Funds (MMFs): Blockchain-powered access to traditionally exclusive low-risk investments.

    AI-Powered Portfolio Management: From automated asset rebalancing to risk detection, eTRNX puts institutional-grade AI in the hands of everyday users.

    Multi-Chain Utility: Operating across Tron, Stellar, and Solana for ultra-fast, low-cost, and borderless transactions.

    Staking with up to 30% APY: A deflationary model that rewards long-term holders while helping to stabilize token velocity.

    Decentralized Governance: 1 token = 1 vote. Token holders shape the future of the protocol via treasury proposals and upgrades.

    Phase 1 Success, Phase 2 Closing Fast

    With the completion of Phase 1 IEO of eTRNX tokens thousands of early backers onboarded, the project’s Phase 1 IEO marked a significant milestone in its roadmap. Strategic partnerships are in development for token utility, staking platforms, and REIT infrastructure deployment.

    Now, with Phase 2 nearly 50% filled, investors can still access the project at an early valuation before the next pricing stage activates.

    Join the IEO Before It Ends

    Participate across the following launchpads:

    What’s Coming Next?

    Deployment of the eTRNX Tokenized REIT marketplace
    Launch of smart investment dashboards with AI integration
    Multichain wallet support and cross-border payment gateway
    Community governance framework + first treasury proposals

    eTRNX is committed to solving real-world financial access problems using blockchain technology, AI, and an inclusive, compliance-aware ecosystem architecture.

    About eTRNX Network

    eTRNX Network is a blockchain-based financial infrastructure platform offering fractional real estate ownership, tokenized money market funds, and AI-automated investing tools. Built to empower underserved global communities, the project merges transparency, scalability, and long-term value in a multichain architecture.

    Stay Connected for Official Updates

    For the latest news and release schedules, join the official channels:

    Website: https://www.etronnetwork.org
    Twitter: https://x.com/eTRNXOFFICIAL
    Telegram: https://t.me/etrnx01

    Media Contact Details:

    Company Name: Etron Network
    Company Website: https://www.etronnetwork.org/
    Company Email: Esther@etronnetwork.org
    Concerned Person: Esther Kendi

    Disclaimer: This press release is provided by Eternex Network. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. 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.Speculate only with funds that you can afford to lose.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2f297b1e-b147-4ec9-815b-3d35f6f6d982

    The MIL Network

  • MIL-OSI: Claimable Honored in Fast Company’s 2025 World Changing Ideas Awards

    Source: GlobeNewswire (MIL-OSI)

    Annual Awards Recognize Innovative Companies and Projects Addressing the World’s Most Urgent Challenges

    Recognition Follows Claimable’s Launch of GLP-1 Support, Helping Patients Navigate One of the Most Denied Treatments in the U.S.

    SACRAMENTO, Calif., June 10, 2025 (GLOBE NEWSWIRE) — Claimable is proud to announce that it has been named to Fast Company’s 2025 World Changing Ideas Awards list. This annual recognition honors bold and transformative efforts that tackle the world’s most pressing issues—from fresh sustainability initiatives and cutting-edge AI developments to ambitious pursuits of social equity helping mold the world.

    Every year, 850 million healthcare claims are denied, forcing millions of Americans to choose between medical care and financial stability. Claimable is tackling this healthcare crisis with the first AI-powered appeals platform, helping patients and providers fight back against unjust denials. Patients upload their denial notice and insurance information, answer a few questions, and Claimable does the rest, analyzing clinical research, policy details, appeals data, and their unique medical story to generate and submit a customized appeal in minutes.

    This year’s awards showcase 100 outstanding projects. A panel of Fast Company editors and reporters selected the winners from a pool of more than 1,500 entries and judged applications based on their impact, sustainability, design, creativity, scalability, and ability to improve society.

    “The World Changing Ideas Awards have always been about showcasing the art of the possible,” says Fast Company editor-in-chief Brendan Vaughan. “We’re proud to recognize the organizations and leaders that are making meaningful progress on the biggest issues of our time.”

    Since launching in late 2024, Claimable has recovered nearly $6 million for patients, boasting an over 80% success rate across more than 70 commonly denied treatments, including autoimmune and migraine medications, IVIG for children with PANS/PANDAS, and now GLP-1s for obesity and type 2 diabetes. For the millions facing treatment delays or crushing medical debt, Claimable offers hope, making the appeals process simple, fast, and effective, getting patients the care they deserve.

    “We’re using AI to solve a deeply human problem,” said Claimable Co-Founder and Chief AI Officer Zach Veigulis. “Fast Company’s recognition reinforces what we’ve always believed at Claimable, that AI can be used to make life better. At a time when technology is often used to cut costs and deny care, we’re proving it can expand access and return power to patients.”

    This recognition comes as Claimable expands its impact with support for GLP-1 medication appeals. One of today’s most denied treatment categories, GLP-1s like Ozempic, Mounjaro, Zepbound, and Wegovy have transformed care for people with obesity and type 2 diabetes. However, patients are often denied access due to formulary exclusions, overly restrictive eligibility criteria, or insurer mandates to “fail first” on older or less effective treatments. With over 137 million U.S. adults now eligible for GLP-1 support, Claimable offers patients and providers a purpose-built solution designed to overcome the unique challenges of GLP-1 coverage denials.

    “Insurance denials aren’t just a paperwork issue, they’re a public health crisis hiding in plain sight,” said Alicia Graham, co-founder and COO at Claimable. “While others patch old systems, we’re building something entirely new. We’re reimagining how healthcare access should work, using technology to turn the tables on a system that’s stacked against patients. That’s why we’ve built Claimable alongside the people most affected: patients and providers. Our platform works because it doesn’t just make appeals faster, it makes them smarter, giving people the best chance to win.”

    Claimable is available nationwide and accepts denials from all insurance providers, including Medicare, Medicaid, United Healthcare, Anthem, Aetna, Cigna, and BCBS plans. To learn more about Claimable and all the treatments they support, visit www.getclaimable.com

    ABOUT CLAIMABLE
    Claimable revolutionizes the way patients and providers fight healthcare denials, helping ensure everyone has access to the care they need and the coverage they deserve. The platform leverages purpose-built AI to analyze clinical research, policy details, appeals data, and patients’ unique medical stories, generating and submitting customized appeals in minutes. Claimable is available nationwide, accepting denials from all insurance providers, including Medicare and Medicaid. A NVIDIA Inception Program member, Claimable continues to push the boundaries of AI innovation in healthcare. For more information: www.getclaimable.com

    Contact:
    Emily Fox
    press@getclaimable.com 

    The MIL Network

  • MIL-OSI: Executive Order “Unleashing American Drone Dominance” -– Draganfly Selected by Southern Border Cochise County Sheriff’s Department for Drone Pilot Program.

    Source: GlobeNewswire (MIL-OSI)

    Tampa, FL, June 10, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce its selection by the Cochise County Sheriff’s Department to support a new drone pilot program aimed at enhancing surveillance and operations along the southern border. This initiative aligns with President Donald J. Trump’s executive order, “Unleashing American Drone Dominance,” which seeks to reassert America’s leadership in unmanned aerial systems for security and defense.

    The Cochise County Sheriff’s Department, recognized nationally for its innovative use of technology in law enforcement, has previously implemented high-resolution camera networks, sensor-integrated mobile units, and ground surveillance radar systems. These efforts have garnered commendations and visits from President Trump and Vice President JD Vance, highlighting the department’s leadership in border enforcement and technological integration.

    “The southern border is one of America’s most critical national security frontiers,” said Captain Tim Williams of Cochise County Sheriff’s Department. “Our department has always been committed to leveraging the best tools available. With Draganfly as our drone partner, we’re entering the next phase of smart border enforcement. Their systems will enhance our ability to protect communities, manage humanitarian concerns, and respond rapidly to evolving threats.”

    Under this new pilot program, the department will deploy the Draganfly family of drones for extended border surveillance, quick-response missions and nighttime operations. Draganfly’s drones are known for their adaptability and multi-mission capabilities, providing law enforcement and public safety operators the ability to execute a variety of operating tactics and capabilities from a single vehicle, with a variety of configurations available to support various payload and range demands. Draganfly products are capable of integrating with a variety of incumbent hardware and software solutions, including TAK(Team Awareness Kit) network compatibility, enabling a seamless integration with existing capabilities.

    “We are honored to be working with the Cochise County Sheriff’s Department on this historic program,” said Cameron Chell, CEO of Draganfly. “Their team represents some of the best of American law enforcement—innovation-focused, community-minded, and mission-ready. This project embodies the spirit of President Trump’s executive order and sets a gold standard for how drone technology should be used to secure national borders.”

    This initiative not only reinforces the department’s legacy of operational excellence but also positions Cochise County as a national model for technology-enabled border enforcement.

    About Draganfly

    Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8) is the creator of quality, cutting-edge drone solutions, software, and AI systems that revolutionize how organizations can do business and serve their stakeholders. Recognized as being at the forefront of technology for over 25 years, Draganfly is an award-winning industry leader serving the public safety, agriculture, industrial inspections, security, mapping, and surveying markets. Draganfly is a company driven by passion, ingenuity, and the need to provide efficient solutions and first-class services to its customers around the world with the goal of saving time, money, and lives.

    NASDAQ (DPRO)
    CSE (DPRO)
    FSE (3U8)

    Media Contact:
    Erika Racicot
    Email: media@draganfly.com

    Company Contact:
    Email: info@draganfly.com

    Forward-Looking Statements

    This release contains certain “forward looking statements” and certain “forward-looking ‎‎‎‎information” as ‎‎‎‎defined under applicable securities laws. Forward-looking statements ‎‎‎‎and information can ‎‎‎‎generally be identified by the use of forward-looking terminology such as ‎‎‎‎‎“may”, “will”, “expect”, “intend”, ‎‎‎‎‎“estimate”, “anticipate”, “believe”, “continue”, “plans” or similar ‎‎‎‎terminology. Forward-looking statements ‎‎‎‎and information are based on forecasts of future ‎‎‎‎results, estimates of amounts not yet determinable and ‎‎‎‎assumptions that, while believed by ‎‎‎‎management to be reasonable, are inherently subject to significant ‎‎‎‎business, economic and ‎‎‎‎competitive uncertainties and contingencies. Forward-looking statements ‎‎‎‎include, but are not ‎‎‎‎limited to, statements with respect to Draganfly’s drones being known for their adaptability and multi-mission capabilities, providing law enforcement and public safety operators the ability to execute a variety of operating tactics and capabilities from a single vehicle, with a variety of configurations available to support various payload and range demands, as well as their capable of integrating with a variety of incumbent hardware and software solutions, including TAK network compatibility, enabling a seamless integration with existing capabilities. Forward-‎‎‎‎looking statements and information are subject to various ‎known ‎‎and unknown risks and ‎‎‎‎‎uncertainties, many of which are beyond the ability of the Company to ‎control or ‎‎predict, that ‎‎‎‎may cause ‎the Company’s actual results, performance or achievements to be ‎materially ‎‎different ‎‎‎‎from those ‎expressed or implied thereby, and are developed based on assumptions ‎about ‎‎such ‎‎‎‎risks, uncertainties ‎and other factors set out here in, including but not limited to: the potential ‎‎‎‎‎‎‎impact of epidemics, ‎pandemics or other public health crises, including the ‎COVID-19 pandemic, on the Company’s business, operations and financial ‎‎‎‎condition; the ‎‎‎successful integration of ‎technology; the inherent risks involved in the general ‎‎‎‎securities markets; ‎‎‎uncertainties relating to the ‎availability and costs of financing needed in the ‎‎‎‎future; the inherent ‎‎‎uncertainty of cost estimates; the ‎potential for unexpected costs and ‎‎‎‎expenses, currency ‎‎‎fluctuations; regulatory restrictions; and liability, ‎competition, loss of key ‎‎‎‎employees and other related risks ‎‎‎and uncertainties disclosed under the ‎heading “Risk Factors“ ‎‎‎‎in the Company’s most recent filings filed ‎‎‎with securities regulators in Canada on ‎the SEDAR ‎‎‎‎website at www.sedar.com and with the United States Securities and Exchange Commission (the “SEC”) on EDGAR through the SEC’s website at www.sec.gov. The Company undertakes ‎‎‎no obligation to update forward-‎looking ‎‎‎‎information except as required by applicable law. Such forward-‎‎‎looking information represents ‎‎‎‎‎managements’ best judgment based on information currently available. ‎‎‎No forward-looking ‎‎‎‎statement ‎can be guaranteed, and actual future results may vary materially. ‎‎‎Accordingly, readers ‎‎‎‎are advised not to ‎place undue reliance on forward-looking statements or ‎‎‎information.‎

    The MIL Network

  • MIL-OSI: Bitget Anti-Scam Report Shows AI-Related Scams Drive $4.6B in Crypto Losses in 2024

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 10, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has released its 2025 Anti-Scam Research Report in partnership with blockchain security firms SlowMist and Elliptic. The report reveals that global crypto scam losses surged to $4.6 billion in 2024, with deepfake technology and social engineering emerging as the dominant tactics behind high-value thefts. The publication marks the official launch of Bitget’s Anti-Scam Month, a month-long initiative dedicated to security education and ecosystem-wide awareness.

    The report highlights how AI-powered scams have moved beyond phishing emails to include fake Zoom calls, synthetic videos of public figures, and Trojan-laced job offers. Among its key findings, the report identifies three primary scam categories—deepfake impersonation, social engineering schemes, and Ponzi-style projects cloaked in DeFi or NFT branding—as the leading causes of user loss. It also outlines how stolen funds are funneled through cross-chain bridges and obfuscation tools before reaching mixers or exchanges, complicating enforcement and recovery efforts.

    Additional insights include case studies from major scam incidents in Hong Kong, the rising use of Telegram and X (Twitter) comment sections as phishing entry points, and the continued growth of professionally run fraud rings operating across borders.

    “The biggest threat to crypto today isn’t volatility—it’s deception. That’s why Bitget has designated the entire month of June as Anti-Scam Month—an initiative to elevate industry standards and user awareness. This report is the flagship release within that effort. AI has made scams faster, cheaper, and harder to detect. At Bitget, we believe fighting back requires both technological rigor and ecosystem-wide collaboration. Our goal is to help users trade smarter, not just faster,” said Gracy Chen, CEO at Bitget.

    The report also details how Bitget’s Anti-Scam Hub, innovative detection systems, and a $500M+ Protection Fund are being actively deployed to mitigate user risks. SlowMist provided detailed forensic insights into scam tactics, ranging from address poisoning to job offer Trojans, while Elliptic examined the laundering patterns of stolen cryptocurrency through cross-chain bridges and mixer platforms.

    “Criminals are constantly evolving their methods of attack, using AI and finding new ways to scale their activities. This means that reciprocally, we are also working to scale our technology and blockchain capabilities to track and identify the new methods criminals are using. Our work with Bitget reflects a shared urgency to expose these evolving threats and give users the tools to protect themselves,” said Arda Akartuna, Lead Crypto Threat Researcher, Elliptic, APAC.

    “This report reflects the real-world patterns we’re seeing on-chain every day. From phishing rings to fake staking dApps, the tactics may change—but the psychology is always the same. Users must be informed, skeptical, and security-minded at all times,” said Lisa, Security Operations Lead, SlowMist.

    The report closes with actionable recommendations for both users and institutions, including scam red flag indicators and best practices for avoiding common traps in DeFi, NFT, and Web3 environments.

    For the full report, please visit here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin priceEthereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    For more information, visit: WebsiteTwitterTelegramLinkedInDiscordBitget Wallet
    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0c73d1c7-7419-4f43-a2ae-2e9c450fb8bd

    The MIL Network

  • MIL-OSI: Blue Square X and Aurora Multimedia Redefine the Conference Room and Classroom with Vision X and ReAX Room

    Source: GlobeNewswire (MIL-OSI)

    ORLANDO, Fla., June 10, 2025 (GLOBE NEWSWIRE) — Blue Square X is partnering with Aurora Multimedia to deliver a groundbreaking meeting room experience at InfoComm 2025. Featured in Booth 2342, the collaboration brings together Blue Square X’s Vision X 163″ COB Flip Chip LED wall with Aurora’s ReAX Room platform—fusing immersive visuals with intelligent control in one seamless, high-performance environment.

    Vision X sets a new standard in LED display technology, offering ultra-fine pixel spacings from 0.9mm to 1.5mm and delivering ultra-high contrast, wide viewing angles, and vibrant, lifelike color. The COB Flip Chip architecture enhances both performance and reliability, eliminating traditional wire bonding for better heat dissipation, reduced failure rates, and consistent output over time.

    “We built Vision X to redefine how content lives in a space,” said Yitzy Shapiro, COO of Blue Square X. “It’s not just beautiful—it’s smart, scalable, and designed to integrate effortlessly into environments where performance and aesthetics both matter.”

    Designed for versatility, Vision X comes in preconfigured sizes up to 271” and scales to ultra-wide formats over 400”, ideal for executive boardrooms, immersive classrooms, and multipurpose collaboration spaces. Each system ships as a complete, ready-to-install package—including the LED wall, controller, spare kit, mounting solution, and trim—so teams can deploy faster and focus on impact.

    “Displays should elevate—not interrupt—the space around them,” added Paul Harris, CEO of Aurora Multimedia. “That’s why Vision X is such a powerful pairing for ReAX. It amplifies the intelligence in the room while keeping the attention where it belongs: on the content.”

    “At Blue Square X, we believe immersive environments should do more than impress—they should empower,” said Chanan Averbuch, Director of Innovation. “Vision X is designed to remove friction, enhance clarity, and create a space where ideas flow effortlessly. It’s not just about brighter screens—it’s about smarter, more human-centered experiences.”

    On the control side, Aurora’s ReAX Room reimagines in-room interaction with distributed 4” touch panels at every seat, each featuring a beamforming Dante/AES67 microphone, integrated speaker, and personalized interface. This setup creates a speaker array at the table and full microphone coverage—enabling mix-minus voice lifting via Aurora’s DTX Series DSP. It improves both clarity and security by lowering room volume and minimizing audio leakage.

    More key features of the ReAX Room include:

    • Personalized seat name display
    • 3.5mm and Bluetooth LE for assistive listening and translation
    • “Raise hand” functionality and speaker queue
    • Voting and results storage
    • Room control from any seat
    • NFC + Bluetooth device transfer for BYOD control
    • USB-C and HDMI AVoIP inputs with 100W charging
    • Secondary display outputs
    • Fully customizable UI via Aurora’s Core Studio AI tool
    • Wall-mounted booking panels with visual status ring
    • Expandable AVoIP via VPX Series transceivers
    • Zoom™/Teams™ integration via VPX-UC1-ULTRA
    • PoE+ audio enhancement with BX-25D
    • Compact PoE++ PC options with RXS-2
    • Enterprise room management through TRACS software

    “We’ve rethought the meeting experience from the inside out,” said Harris. “ReAX brings together audio, video, and control with the kind of granularity and flexibility teams actually need—and when paired with Vision X, it delivers an experience that’s as intuitive as it is impressive.”

    Live demos will run every hour in Booth 2342, showcasing real-time control handoff, smart seating, synchronized content display, and dynamic presentation capabilities powered by Vision X and ReAX.

    Whether you’re designing a future-ready classroom, hybrid huddle room, or high-stakes boardroom, Vision X + ReAX Room offers a premium solution where smart control meets immersive design.

    Experience the full environment live at InfoComm Booth 2342

    About Blue Square X
    Blue Square X is a digital experience innovation company that transforms imagination into reality by fusing powerful storytelling, art, cutting-edge technology, and architecture. With operations in New York and Miami, they specialize in crafting captivating and immersive visual experiences across a wide range of industries. Blue Square X’s focus on cutting-edge technology and innovation drives business growth and enhances customer experiences.
    Stay up to date with Blue Square X on LinkedIn, Instagram, Facebook, X, and YouTube

    Media Contacts:
    Shari Sentlowitz
    Director of Communications and Marketing
    Blue Square X
    201-951-2734
    Shari@bluesqx.com

    The MIL Network

  • MIL-OSI Russia: Hainan issues typhoon warning level 4

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian –

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

    HAIKOU, June 10 (Xinhua) — South China’s Hainan Province issued a level 4 typhoon alert at 11:30 a.m. Tuesday as a tropical depression formed over the central South China Sea and is expected to strengthen into the first typhoon of the year within the next 24 hours.

    It is expected to gradually approach the east coast of Hainan and is likely to make landfall in the region around Friday, the local weather service said.

    The marine affairs bureau of Sansha City, China’s southernmost city, also issued a weather warning for parts of the Xisha Islands.

    Since Monday, large vessels such as cargo ships and engineering vessels have been evacuated from the Xisha Islands. Smaller vessels have been pulled ashore and professional rescue vessels are on standby.

    China has adopted a four-tier emergency response system for flood emergencies, with Level 1 being the highest. -0-

    MIL OSI Russia News

  • Indian markets end flat amid ongoing consolidation phase

    Source: Government of India

    Source: Government of India (4)

    The Indian stock market closed largely unchanged on Tuesday, reflecting a continuation of the ongoing consolidation phase. The BSE Sensex slipped 53.49 points to settle at 82,391.72, while the NSE Nifty inched up by a single point to end at 25,104.25.

    IT stocks led the gains, with the Nifty IT index rising 1.67%. Other sectoral indices that closed in the green included pharma, FMCG, metals, media, energy, and commodities. On the other hand, auto, PSU banks, financial services, realty, and infra indices registered losses.

    Among the top gainers on the Sensex were Tech Mahindra, Tata Motors, Infosys, HCL Tech, UltraTech Cement, TCS, ITC, Axis Bank, Nestle, and Adani Ports. Meanwhile, Maruti Suzuki, Asian Paints, Bajaj Finance, Tata Steel, Bajaj Finserv, ICICI Bank, and Reliance Industries ended the day in the red.

    According to analysts, the Nifty has managed to sustain levels above its previous consolidation zone on the daily chart, suggesting the uptrend remains intact.

    “This positive sentiment is likely to persist and favours long trades as long as the index stays above the key support level of 24,850. If the Nifty breaks decisively above 25,350, we may see an extended rally in the short term,” said Rupak De, Senior Technical Analyst at LKP Securities.

    Vikram Kasat, Head of Advisory at PL Capital, added that despite the current consolidation, factors such as improving liquidity, resilient corporate earnings, and continued interest from foreign portfolio investors (FPIs) are supporting market optimism.

    On the currency front, the rupee traded flat to slightly positive at around 85.67 to the dollar. Analysts said last week’s 0.50% rate cut by the Reserve Bank of India—bringing the total rate reduction to 100 basis points—has added liquidity, helping offset pressure from rising crude oil prices. The rupee is expected to remain range-bound between 85.25 and 86.00 in the near term.

    Meanwhile, gold prices hovered in a tight range between $3,315 and $3,320 per ounce and around ₹97,000 per 10 grams in the domestic market. Market participants are awaiting cues from upcoming US-China trade talks and the release of US Consumer Price Index (CPI) data later this week.

    “Any positive outcome in US-China trade discussions could push gold down towards ₹95,000, while negative commentary might drive prices higher towards ₹98,500 and $3,360 levels,” said Jateen Trivedi, VP Research Analyst at LKP Securities.

    -IANS

  • MIL-OSI Russia: HSE and X5 to support talented students

    Translation. Region: Russian Federal

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

    X5 has increased the number of student grants for applicants to the Higher School of Business at the National Research University Higher School of Economics. The company will compensate part of the tuition fees for twenty-five talented applicants in the Master’s program “B2C Business Management: Technologies and Innovations” (previously “Retail Management”). Applications for grants can be submitted from June 20.

    X5 has been a strategic partner of the Master’s program for more than three years. Currently, almost a quarter of the company’s employees are under 25 years old, so developing relationships with universities and educational institutions is a priority for preparing a personnel reserve. This year, the program’s content was completely revised — “B2C Business Management: Technologies and Innovations” became the first specialized master’s program that trains leaders in retail and e-commerce. The company, together with the Higher School of Business of the Higher School of Economics, took into account all the latest market trends and built the program around three main blocks: customer experience, new technologies and innovations, leadership and management.

    The Master’s degree is suitable for both bachelors and specialists aiming for a career in retail and e-com, as well as for those who already work in retail and B2C companies, as well as those who run their own business. Five HSE graduates who successfully pass the entrance exams and score high will be able to study with a 35% discount. Another 20 applicants will receive a grant in the amount of 25% of the cost of tuition. The best students will receive financial support from X5 for the entire period of study.

    Students of the program study Data Science, business analytics, digital platforms, digital marketing, customer experience management in an omnichannel environment. That is, the disciplines that are necessary for working in modern business. Each area is supervised by top managers and executives of X5 – the program is designed for full integration, where there is a lot of practice, research and project work. Experts from X5 give lectures, hold open meetings, seminars and excursions, visit stores, distribution centers, innovation labs and ready-to-eat food production together with students.

    Ksenia Mardanova

    Director of Work with Educational Institutions X5

    “We pass on our knowledge and experience as an industry leader to students and tell them that modern retail is much more than just retail. X5 includes not only retail chains, but also IT, delivery, transport, and prepared food services. And our partnership with the HSE uniquely combines academic depth with applied approaches, including elements of an MBA in management practice. Over two years, students develop a portfolio of more than 10 projects based on real-life retail and e-commerce challenges. Graduates make good careers in major companies; we see them as promising specialists and are ready to consider them for work at X5. At the same time, the program improves the competencies of our own employees, who, while studying here, gain new skills for growth within the company.”

    Andrey Starkov

    Academic Director of the program, Associate Professor of Practice at the Higher School of Business, National Research University Higher School of Economics

    “Thanks to the support of X5, our program gives talented students the opportunity to receive a quality management education at one of the leading business schools in Russia and build a career in B2C business. The program’s special feature is its practice-oriented approach: courses are implemented using the co-teaching scheme, when HSE teachers and business professionals conduct classes together. In addition, students prepare coursework and diploma projects in a consulting format, solving real-life problems of companies. The involvement of practitioners in the educational process provides valuable networking and deep immersion in the professional environment.”

    For admission to the program In 2025, applications will be accepted from June 20 to August 8: 63 places are open for students from Russia and one for students from foreign countries.

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

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: Innovation committee meets

    Source: Hong Kong Information Services

    Secretary for Innovation, Technology & Industry Prof Sun Dong chaired the sixth meeting of the Committee on Innovation, Technology & Industry today.

    The committee’s members were briefed on major initiatives and recent developments relating to new industrialisation in Hong Kong, and shared their views on relevant measures.

    Prof Sun outlined the Government has implemented policies, in accordance with the Innovation & Technology Development Blueprint, to develop new and emerging industries of strategic importance, support start-ups, formulate plans for future industries and facilitate the transformation of traditional industries.

    MIL OSI Asia Pacific News

  • MIL-OSI United Kingdom: Raft of tech companies investing in Britain as government vows to unleash growth

    Source: United Kingdom – Executive Government & Departments

    Press release

    Raft of tech companies investing in Britain as government vows to unleash growth

    From AI to fintech, leading global tech firms that will power the next Industrial Revolution announce major UK investments, creating highly-skilled jobs from Edinburgh to Warwick.

    • From AI to fintech, leading global tech firms that will power the next Industrial Revolution announce major UK investments, creating highly-skilled jobs from Edinburgh to Warwick.
    • Technological progress will define the decades ahead, unleashing new innovations that could make us healthier, wealthier and safer – Science and Tech Secretary Peter Kyle told an audience today.
    • Government will go all in on science and tech to deliver the growth, improved healthcare, and clean energy breakthroughs that are central to the upcoming modern Industrial Strategy and Plan for Change.

    Hundreds of well-paid, highly-skilled tech jobs will be created from Edinburgh to Warwick, and beyond, as the Science and Technology Secretary has confirmed a raft of investments into the UK by leading global technology companies today (Tuesday 10 June). These significant investments range from AI to fintech, and some see the companies involved setting up shop in the UK for the very first time.

    Peter Kyle unveiled this news in a keynote speech at London Tech Week, where he also set out more of the government’s plan to put the white-hot potential of science and technology to work, building a better UK. Investments like these, together with partnerships like that announced with NVIDIA by the Prime Minister yesterday, and new government measures set out by the Secretary of State, will ignite the growth the UK needs to truly deliver on the government’s Plan for Change.

    From harnessing AI to boost healthcare and clean energy, to new measures to support innovative early-stage science and tech companies to thrive, going all in on science and tech is the route to the medical breakthroughs, ways of making energy cheaper and greener, and good-quality jobs that will make all our lives better. It’s one of the growth-driving sectors in the government’s forthcoming modern Industrial Strategy, and today’s speech sets out elements that will drive the success of the strategy.

    Investments being announced today:

    • Liquidity, a US-based global AI fintech, will launch its European headquarters in London as part of a plan to invest an additional £1.5 billion into cutting-edge enterprises over the next 5 years
    • InnovX AI, one of Europe’s leading startup hubs, investing £14.7 million in a new London technology hub, creating 30 jobs
    • Nebius, a Dutch AI infrastructure company, announcing a long-term commitment to back the UK’s AI sector, starting with an initial investment of £200 million. They will establish a UK AI Factory – with 2 potential sites in South East England currently being assessed – that could result in thousands of jobs coming online in the decades to come
    • Capgemini, one of the world’s largest business and technology transformation partners, expanding its UK presence with a new London HQ, following strong revenue growth over the years. 
    • Netcompany, a Danish IT consultancy, investing £2 million as it expands its Leeds office and launches a new site in Edinburgh, eventually set to create 150 jobs
    • Ekimetrics, a French AI solutions firm, is investing £8.5 million in their UK operations, creating over 150 roles in London over 3 years as part of its Elevate 2028 strategy
    • Yuno, a Colombia-based global fintech that is rapidly expanding, is choosing London for its European headquarters
    • Rebeldot, a Romanian software and tech consultancy, opening its UK subsidiary in Warwick, as part of plans to expand its presence in the UK

    To succeed, the UK’s tech leaders need stability and certainty. Today the Science and Tech Secretary has set out the ways in which the British state will be an active partner and enabler, working with the private sector to unlock the promise of technology, to help unleash the next Industrial Revolution and build a better Britain.

    The government’s upcoming modern Industrial Strategy will also provide a credible 10-year plan to deliver the certainty and stability businesses need to invest in high-growth sectors like digital and technologies. This will secure the UK’s position as the best place in Europe to create, invest, and scale-up a fast-growing digital and technologies business.

    These include an £86 billion commitment to funding for R&D, a new £25 million scheme to bring elite AI experts to the UK, £187 million for new schemes to train up the tech workforce of tomorrow, and £1 billion funding for the AI Research Resource announced by the Prime Minister yesterday.

    Science and Technology Secretary Peter Kyle said:

    We have all seen over the last few years, just how rapidly and profoundly technologies like AI are transforming the economy, and our society. Britain can – and must – be at the cutting edge of this change. The era of hesitancy is over: we can be the masters of our fate, and through the measures I am announcing today, we will harness the vast potential of our trillion-pound tech sector to help remake our country for the better.

    This is the Plan for Change, in action. The UK has all the tools needed for success in science and technology, and by working as an active partner to our world-leading universities and cutting-edge businesses, this government will ensure that we seize the era-defining opportunities before us.

    Business and Trade Secretary Jonathan Reynolds said:

    The UK continues to be a prime destination for tech businesses from across the world to come and succeed, and London Tech Week is a shining example of this.

    Securing valuable high-tech investment is an integral mission of this government and seeing global investors put billions in the UK economy shows the Plan for Change is working, with more and more companies choosing Britain.

    With tech being identified as a key growth sector in our upcoming modern Industrial Strategy, we’re not only helping attract and secure investment, but delivering long-term, stable growth that supports skilled jobs and raises living standards across the UK.

    Announcements being made today are evidence of the holistic approach the government is taking to turbo-charging Britain’s tech sector.

    Science and Technology Venture Capital Fellowship

    To encourage the investment and access to risk capital that is critical for science and tech-backed businesses in the early stages, we are opening the Science and Technology Venture Capital Fellowship for a second cohort and round of applications, to increase the capacity of the UK financial sector to invest in the tomorrow’s breakthroughs, today. This will be delivered by the Royal Academy of Engineering and Imperial Business School.

    Turing AI ‘Global’ fellowships

    New efforts to build the skills base Britain needs to seize the potential of AI, are being backed with £25 million. A prestigious new AI talent fellowship will be launched, to attract 5 top AI experts to the UK: the Turing AI ‘Global’ fellowships. Fellows will receive substantial packages to relocate to the UK and quickly build a team of experts to conduct frontier AI research and contribute to the UK’s AI ecosystem.

    Encode: AI for Science Fellowship

    The government also intends to fund a UK-based expansion of the Encode: AI for Science Fellowship. Conceived and delivered by Pillar VC and enabled by ARIA, the programme embeds world-class AI researchers into cutting-edge scientific labs, accelerating the pathway to industry, and enabling talent to spend one year immersed in intensive exploration, feedback, and development cycles.

    The Encode fellowships will commence earlier, with new talent arriving in the UK by Autumn 2025. This will be backed by the UK Sovereign AI Unit with up to £5 million in government funding.

    This investment will ensure the UK further benefits from the extraordinary talent Encode has already attracted, catalysing new collaborations in areas such as climate modelling, rare disease treatment, crop development, and neuroscience. Encode is one of the first initiatives launched and supported through ARIA’s flagship Activation Partners initiative.

    Spinouts Register

    Meanwhile a world-first new Spinouts Register marks a step-change in the type and quality of information available on the UK’s spinouts – which will inform better policymaking, and enable better support for these important companies. This comprehensive database covering the more than 2,000 spinouts formed since 2012/2013 in the UK, represents the first ever ‘official’ list of all spin-out companies produced by UK universities.

    The first flagship analysis to better understand how spinouts grow and succeed, drawing on data within the Register, is also being published today, by the University of Cambridge’s Policy Evidence Unit for University, Commercialisation and Innovation (UCI). Initial findings show university spinouts outperform other start-ups, including contributions in key strategically important sectors, with university spinouts comprising 70% of the top 20 life science startups by investment raised. The Register has been developed by the Higher Education Statistics Agency with Research England and UCI.

    Working internationally delivers benefits beyond investment, and working with global partners is also critical to the UK’s ambitions for science and technology. The vast opportunities for our innovators through schemes like Horizon Europe are central to that. Later today, Peter Kyle will meet with European Commissioner for Research and Innovation Commissioner Ekaterina Zaharieva to discuss how to exploit these opportunities even further, building on the UK having recently gained access to more quantum and space Horizon funding calls.

    All of this is on top of commitments to the UK’s innovation and technology-forward future announced by the Prime Minister, yesterday, including greater support for researchers to spin their ideas out into successful businesses, and new schemes like the Tech First programme that will give British workers the skills they need to thrive in the decades ahead. The government is also developing the National Digital Exchange, a web platform that could save the public sector £1.2 billion on buying tech, as well as cutting duplicative costs and processes.

    DSIT media enquiries

    Email press@dsit.gov.uk

    Monday to Friday, 8:30am to 6pm 020 7215 3000

    Updates to this page

    Published 10 June 2025

    MIL OSI United Kingdom

  • MIL-OSI Russia: 12 outstanding projects were selected at the 4th Youth Innovation and Entrepreneurship Competition of the SCO Member States

    Translation. Region: Russian Federal

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

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

    QINGDAO, June 10 (Xinhua) — The award ceremony for the winners of the 4th Shanghai Cooperation Organization (SCO) Youth Innovation and Entrepreneurship Competition and the opening ceremony of the SCO Year of Sustainable Development exchange event were held in Qingdao, east China’s Shandong Province, on Monday.

    Following the competition, 12 outstanding projects from 8 countries were selected from more than 200 projects, including 1 first-class award, 2 second-class awards, 3 third-class awards and 6 excellent project awards. The first-class award was given to China’s project on key unmanned technologies for intelligent airport, which uses intelligent data analysis through radar, video and other technologies to realize high-precision joint dispatching of unmanned vehicles and aircraft.

    The projects participating in the competition cover such cutting-edge areas as electronic information, artificial intelligence, chemistry and chemical industry, as well as new materials, of which more than 35 percent are international cooperation projects.

    The events were organized by the China-SCO Technology Transfer Center with the support of the SCO Secretariat and the Department of International Cooperation of the Ministry of Science and Technology of the People’s Republic of China.

    In early July 2024, China assumed the rotating presidency of the SCO for 2024-2025. It was previously announced that the organization’s next summit would be held in Tianjin this fall. -0-

    MIL OSI Russia News

  • MIL-OSI United Nations: Secretary-General’s opening remarks at press conference at Ocean Conference [Full transcript, scroll down for French]

    Source: United Nations secretary general

    Good morning,
     
    We are in Nice on a mission – save the ocean, to save our future.

    That was my message at the Conference opening yesterday, and it is the message I have carried through all my meetings.
     
    The ocean is the lifeblood of our planet.
     
    It produces half of the oxygen we breathe, nourishes billions of people, supports hundreds of millions of jobs, and underpins global trade.
     
    For many, the ocean is more than a source of food and livelihood.
     
    It shapes cultures…anchors identities… and feeds the soul.
     
    Yet, we are treating it like a limitless resource – pretending it can absorb our abuse without consequence.
     
    Every year, we see more troubling signs that our ocean is under siege.
     
    Fish populations are collapsing due to reckless illegal fishing and overexploitation.
     
    Climate change is driving ocean acidification and heating – destroying coral reefs, accelerating sea level rise, and threatening communities worldwide.
     
    And plastic pollution is choking marine life and infesting our food chain – ultimately ending up in our blood and even our brains.
     
    When we poison the ocean, we poison ourselves.
     
    Dear friends,
     
    There’s a tipping point approaching – beyond which recovery may become impossible.
     
    And let us be clear:
     
    Powerful interests are pushing us towards the brink.
     
    We are facing a hard battle, against a clear enemy.
     
    Its name is greed.
     
    Greed that sows doubt… denies science… distorts truth… rewards corruption… and destroys life for profit.
     
    We cannot let greed dictate the fate of our planet.
     
    That is why we are here this week: to stand in solidarity against those forces and reclaim what belongs to us all.
     
    Governments, business leaders, fishers, scientists…  everyone has a responsibility and a vital role to play.
     
    Throughout my many engagements at the Conference, I have highlighted four priorities.
     
    First – we must transform how we harvest the ocean’s bounty.
     
    It is not about fishing, it’s about how we fish.
     
    Sustainable fishing is not a choice – it is our only option.
     
    This means stronger global cooperation, strict enforcement against illegal fishing, and expanded protected areas to rebuild stocks and safeguard marine life.
     
    And it means delivering on the 30 by 30 target – to conserve and manage at least 30 per cent of marine and coastal areas by 2030.
     
    We have a moral duty to ensure future generations inherit oceans swarming with life.
     
    Second – we must confront the plague of plastic pollution.
     
    This means phasing out single-use plastics, overhauling waste systems, and boosting recycling.
     
    All countries must quickly finalize an ambitious, legally binding global treaty to end plastic pollution. And we hope that this will happen this year.
     
    Third – the fight against climate change must extend to the seas.
     
    For decades, the ocean has been absorbing carbon emissions and taking the heat of a warming planet.
     
    That comes at great cost.
     
    As we prepare for COP30 in Brazil, countries must present ambitious national climate action plans.
     
    These plans must align with limiting the rise in global temperature to 1.5 degrees Celsius;
     
    Cover all emissions and the whole economy;
     
    And in line with the commitments countries have made to accelerate the global energy transition and seize the benefits of clean power.
     
    Last year, for the first time, the annual global temperature was 1.5°C hotter than pre-industrial times.
     
    Scientists are clear: that does not mean that the long-term global temperature rise limit to 1.5 degrees is out of reach.
     
    It means we need to fight harder.
     
    The ocean depends on it – and so do we.
     
    I urge countries to champion ocean-based climate solutions – like protecting mangroves, seagrass beds, and coral reefs.
     
    We must also increase financial and technological support to developing countries – so that they can protect themselves from extreme weather and respond when disasters strike.
     
    The survival of coastal communities and Small Island Developing States depends on it.
     
    And fourth – we must implement the recent Agreement on Marine Biodiversity of Areas Beyond National Jurisdiction.
     
    The Agreement is a historic step towards protecting vast areas of our ocean.
     
    I congratulate the 134 countries that have signed and the 49 and counting that have ratified the Agreement – including 18 new signatures and 18 ratifications yesterday alone.
     
    The entry into force is within our sight.
     
    And I call on all remaining nations to join swiftly.
     
    We do not have a moment to lose.
     
    Finally, on seabed mining, we have a collective responsibility to proceed with great caution.
     
    I support the ongoing work of the International Seabed Authority on this important issue.
     
    As I said yesterday, the deep sea cannot become the Wild West.
     
    Ladies and gentlemen of the media,
     
    The urgency of this moment cannot be overstated.
     
    Ocean health is inseparable from human health, climate stability, and global prosperity.
     
    But I leave Nice energized and encouraged by the many pledges already made.
     
    Encouraged by island nations and Indigenous Peoples sharing their stories and expertise…
     
    Encouraged by young activists demanding action and accountability…
     
    Scientists developing innovative solutions for all…
     
    Business leaders investing in the blue economy…
     
    This is the global coalition we need.
     
    I urge everyone to step forward with decisive commitments and tangible funding.
     
    The ocean has given us so much.
     
    It is time we returned the favor.
     
    Our health, our climate, and our future depend on it.
     
    Thank you. Je vous remercie.
     
    Question: Secretary General, you warned against a wild west on deep sea mining. Beyond words, what specific actions would you like countries to take to either stop deep sea mining or put in place strong regulations?
     
    Secretary-General: Well, as I mentioned, there is an institution that has a key role to play, and is playing it, and I trust that they will be doing what is necessary to avoid the Wild West that I mentioned. It is the International Seabed Authority, and I think it’s extremely important not to have any kind of initiative that is beyond whatever will be established by the International Seabed Authority.
     
    Question: Mr. Secretary-General, you said we have to save the ocean. Are you happy with this conference? Do you think it will make a difference?
     
    Secretary-General: I think it is making a difference. There is one aspect that is particularly evident. UNCLOS, the United Nations Convention on the Law of the Sea, took 12 years to enter into force. We are two years from the BBNJ, and we have already, as of today, 49 ratifications [Editor’s Note: 50 including the EU] with 15 commitments to do it soon, which means that it will, in the next few months, reach the entry into force. That is a record – a little bit more than two years. So, I see a momentum and an enthusiasm that was difficult to find in the past.
     
    And the way this meeting was attended – not only by countries, but by civil society, by the business community, by indigenous communities, representing more than double those that came to the Lisbon conference that I attended two years ago – shows the very strong commitment made by countries in relation to enlarging the protection areas. All these shows a momentum that, to be honest, I had never witnessed in conferences of this type. Am I entirely happy? Of course not. I would like things to move much faster.
     
    And let’s not forget that there is a clear link between biodiversity, climate and marine protection. And in that clear link, we still have some dramatic gaps. And one of the most worrying ones is, of course, the impact of climate change on the oceans – the fact that the rising of sea levels is accelerating; the fact that waters are more and more warmer with acidification. We see the impacts in coastal areas. We see the corals bleaching, and we see that climate change became an extremely dramatic threat to the lives of our oceans. And there, I have to say, we are moving slowly, and I hope the COP in Belém will be able to provide the necessary acceleration.
     
    Question: You said that sustainable fishing was the only option left, but for small states like Sri Lanka that’s struggling with bottom trawling – a regional practice  – and IUU fishing [Illegal, unreported and unregulated], we don’t have the capacity to enforce and control external actors like that. What can the UN do to assist small states to protect its fish stocks and marine ecology?
     
    Secretary-General: I think we must develop forms, first of all, of accountability in relation to illegal fishing and in relation to the way fishing resources of developing countries are being exploited by a certain number of predators. So, there is a question of accountability, and we’ll be doing our best to increase the mechanisms of international accountability that for the moment – let us be clear – are extremely limited and inefficient.
     
    Question: CO2 emissions from fossil fuels are a double problem for the ocean because of acidification, and they are hitting the atmosphere and the ocean. At the same time, there’s a lot of oil industry activity that happens in the ocean, which is a continuing risk. What message and agreements do you expect to hear from the countries in this conference regarding the fossil fuel industry or is this not a subject right now in this conference?
     
    Secretary-General: I believe the energy transition will be more central in the COP meeting than in this meeting. But there are two things that, for me, are absolutely evident. First is that 85 per cent of the emissions correspond to fossil fuels. So the problem of climate change is essentially linked to fossil fuels. The second is that we are witnessing an energy transition that demonstrates that the cheapest way to produce energy is through renewables.
     
    You might have heard what I said about greed. There is a dramatic effort from the fossil fuel industry to distort the reality. But one thing for me is inevitable – the fossil fuel age is coming to an end, and the renewable age will be there as the age of the future. The problem is, will that be done on time? And what we need is to accelerate that transition.  And I hope that in the COP there will be a very strong message in this regard.
     
    Question: I wanted to ask if you have concerns generally about the 1.5 target slipping out from policymakers’ speeches as people come to accept that it’s not likely to be met. Are you concerned that people are moving ahead and starting to talk about 2 degrees? How do you keep up the message around 1.5 when the science looks certain that it will be passed?
     
    Secretary-General: I am concerned. Scientists are very clear when they tell us that the 1.5 degrees is still achievable as a limit to global warming. But they are also unanimous in saying that we are on the brink of a tipping point that might make it impossible. So there is a matter of urgency that is extremely important, and that is the reason of my concern. Until now, we have not seen enough urgency, enough speed in making things move fast, in energy transition and in other aspects that are essential to keep 1.5 degrees alive. A lot of progress is being seen, but not yet enough, and we must accelerate our transition. And this is, for me, the most important objective of the next COP, and of the pressure we are making at the present moment on countries to have Nationally Determined Contributions, the so-called national action plans, that are fully compatible with 1.5 degrees, which foresees until 2035 a dramatic reduction of emissions.
     

    ****

     
    LE SECRÉTAIRE GÉNÉRAL
    REMARQUES À LA PRESSE À LA CONFÉRENCE DES NATIONS UNIES POUR L’OCÉAN

     
     
    Bonjour à tous,
     
    Nous sommes à Nice en mission : sauver l’océan – pour sauver notre avenir.
     
    C’était le message que j’ai porté à l’ouverture de la Conférence hier.
    Et c’est le message que j’ai répété à chacune de mes rencontres ici.
     
    L’océan est le poumon de notre planète.
     
    Il produit la moitié de l’oxygène que nous respirons… nourrit des milliards de personnes… soutient des centaines de millions d’emplois… et fait tourner le commerce mondial.
     
    Mais pour beaucoup, l’océan est bien plus qu’une ressource.
     
    Il façonne des cultures. Il ancre des identités. Il nourrit l’âme humaine.
     
    Et pourtant, nous le traitons comme une ressource inépuisable – comme s’il pouvait absorber nos abus sans conséquences.
     
    Chaque année, les signes de détresse se multiplient.
     
    Les stocks de poissons s’effondrent sous l’effet de la pêche illégale et de la surexploitation.
     
    Le dérèglement climatique provoque l’acidification et le réchauffement des océans – détruisant les récifs de corail, accélérant la montée des eaux, et mettant en péril des communautés entières.
     
    La pollution plastique étouffe la vie marine et contamine notre alimentation – jusqu’à se retrouver dans notre sang… et même dans notre cerveau.
     
    En empoisonnant l’océan, c’est nous-mêmes que nous empoisonnons.
     
    Chers amis,
     
    Nous approchons un point de bascule – au-delà duquel tout retour en arrière pourrait devenir impossible.
     
    Soyons clairs : des intérêts puissants nous poussent dangereusement vers le précipice.
     
    Nous livrons un combat difficile, contre un ennemi bien identifié.
     
    Son nom, c’est la cupidité.
     
    Une cupidité qui sème le doute… nie la science… déforme la vérité… récompense la corruption… et détruit la vie au nom du profit.
     
    Nous ne pouvons pas laisser la cupidité dicter le sort de notre planète.
     
    C’est pourquoi nous sommes ici cette semaine : pour faire front ensemble face à ces forces – et reprendre ce qui appartient à toutes et à tous.
     
    Les gouvernements, les chefs d’entreprise, les pêcheurs, les scientifiques… chacun a une responsabilité, chacun a un rôle vital à jouer.
     
    Tout au long de la Conférence, j’ai mis en avant quatre priorités.
     
    Premièrement – nous devons transformer la manière dont nous récoltons les richesses de l’océan.
     
    La question n’est pas de pêcher ou non — mais de savoir comment nous pêchons.
     
    La pêche durable n’est pas une option – c’est notre seule voie possible.
     
    Cela exige une coopération internationale renforcée, une lutte implacable contre la pêche illégale, et une extension des aires marines protégées pour reconstituer les stocks et préserver la vie marine.
     
    Cela implique aussi de tenir l’objectif 30-30 : protéger et gérer au moins 30 % des zones marines et côtières d’ici 2030.
     
    Nous avons le devoir moral de transmettre aux générations futures des océans pleins de vie.
     
    Deuxièmement – nous devons combattre le fléau de la pollution plastique.
     
    Cela signifie éliminer progressivement les plastiques à usage unique, réformer les systèmes de gestion des déchets, et renforcer le recyclage.
     
    Tous les pays doivent conclure rapidement un traité mondial ambitieux et juridiquement contraignant pour mettre fin à la pollution plastique. Et nous espérons que cela se produira cette année.
     
    Troisièmement – la lutte contre le changement climatique doit aussi se mener en mer.
     
    Depuis des décennies, l’océan absorbe nos émissions de carbone et la chaleur d’une planète en surchauffe.
     
    Cela a un prix.
     
    À l’approche de la COP30 au Brésil, les pays doivent présenter des plans d’action climatique nationaux ambitieux.
     
    Des plans compatibles avec l’objectif de limiter la hausse des températures à 1,5 °C ;
     
    Qui couvrent toutes les émissions et l’ensemble de l’économie ;
     
    Et conformément aux engagements des pays à accélérer la transition énergétique mondiale, en saisissant les opportunités offertes par les énergies propres.
     
    L’an dernier, pour la première fois, la température mondiale annuelle a dépassé de 1,5 °C les niveaux préindustriels.
     
    Les scientifiques sont clairs : cela ne signifie pas que la limite de 1,5 °C est hors de portée.
     
    Cela signifie que nous devons redoubler d’efforts.
     
    L’océan en dépend — et nous aussi.
     
    J’appelle les pays à soutenir les solutions climatiques basées sur l’océan — comme la protection des mangroves, des herbiers marins et des récifs coralliens.
     
    Nous devons aussi accroître le soutien financier et technologique aux pays en développement – pour qu’ils puissent se protéger face aux phénomènes climatiques extrêmes, et répondre rapidement quand les catastrophes frappent.
     
    La survie des communautés côtières et des petits États insulaires en dépend.
     
    Quatrièmement – nous devons mettre en œuvre l’Accord sur la biodiversité marine des zones situées au-delà des juridictions nationales.
     
    L’ Accord est une avancée historique pour protéger d’immenses espaces marins.
     
    Je félicite les 134 pays qui l’ont signé, et les 49 – et c’est pas fini – qui l’ont déjà ratifié, dont 18 signatures et 18 ratifications enregistrées hier seulement.
     
    L’entrée en vigueur est à notre portée.
     
    J’en appelle à tous les autres États pour de les rejoindre sans attendre.
     
    Nous n’avons pas une minute à perdre.
     
    Enfin, sur l’exploitation minière des fonds marins, nous avons une responsabilité collective d’agir avec une extrême prudence.
     
    Je salue les travaux en cours de l’Autorité internationale des fonds marins sur cette question cruciale.
     
    Comme je l’ai dit hier, les grands fonds ne peuvent devenir le Far West des temps modernes.
     
    Mesdames et Messieurs les journalistes,
     
    L’urgence de ce moment ne peut être exagérée.
     
    La santé de l’océan est indissociable de la santé humaine, de la stabilité climatique et de la prospérité mondiale.
     
    Mais je quitte Nice plein d’énergie et d’espoir, porté par les nombreux engagements déjà pris.
     
    Porté par les récits et l’expertise des nations insulaires et des peuples autochtones…
     
    Par la détermination des jeunes militants qui exigent des comptes…
     
    Par les scientifiques qui inventent des solutions pour toutes et tous…
     
    Et par les acteurs économiques qui investissent dans une économie bleue durable.
     
    C’est cette coalition mondiale dont nous avons besoin.
     
    J’en appelle à chacun : engagez-vous avec clarté, avec ambition, et avec des financements concrets.
     
    L’océan nous a tant donné.
     
    Il est temps de lui rendre la pareille.
     
    Notre santé, notre climat et notre avenir en dépendent.
     
    Je vous remercie.
     

    MIL OSI United Nations News

  • Piyush Goyal deepens India–Switzerland trade ties, urges Swiss firms to invest under TEPA

    Source: Government of India

    Source: Government of India (4)

    Union Commerce and Industry Minister Piyush Goyal met with top Swiss business leaders in Bern on Monday to boost bilateral economic ties. The discussions, held under the framework of the recently signed Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA), focused on expanding cooperation in innovation, technology transfer, and sustainable manufacturing.

    During his visit, Goyal interacted with senior leadership from some of Switzerland’s most prominent companies spanning sectors such as biotechnology, precision engineering, healthcare, defence, and emerging technologies. The Minister extended an open invitation for Swiss firms to expand their footprint in India, highlighting the vast potential of India’s rapidly growing economy, youthful talent base, and favorable investment climate.

    Reaffirming India’s commitment to enabling global business, Goyal assured Swiss companies of a transparent regulatory framework, a robust intellectual property rights regime, and investor-friendly policies. He urged businesses to view India not merely as a large consumer market, but as a strategic hub for manufacturing, innovation, and global value chain integration.

    Goyal chaired two sector-focused roundtable discussions with Swiss industry leaders. The first session spotlighted Biotech, Pharma, and Healthcare, while the second addressed Precision Engineering, Defence, and Emerging Technologies. Both events were hosted with support from the Indian Embassy in Switzerland and showcased India’s growing reputation as a destination for affordable innovation and scalable production.

    The Minister highlighted the role of the EFTA Desk at Invest India, set up to provide facilitation support and handholding to potential Swiss investors. He emphasized India’s openness to working towards regulatory harmonization and mutual recognition agreements, further smoothing the path for Swiss-Indian partnerships.

    Beyond business interactions, Goyal also met with members of the Switzerland Chapter of the Institute of Chartered Accountants of India (ICAI). He praised the chapter for its efforts in promoting India’s professional excellence abroad and strengthening the India–Switzerland economic and professional networks.

    Swiss business leaders expressed robust confidence in India’s economic trajectory and its potential as a global innovation powerhouse. Commending India’s growing middle class, skilled workforce, and strong R&D capabilities, companies from a range of sectors voiced their intent to deepen engagement with India. Discussions touched on potential joint ventures, manufacturing localization, and co-development of high-tech solutions across fields such as cell sciences, cancer research, fibre optics, industrial automation, space technology, and cybersecurity.

    Many Swiss companies acknowledged India as a natural partner, describing the bilateral economic relationship as one of strategic alignment and long-term commitment. For them, India represents both a key market and a springboard for accessing international customers through integrated supply chains and co-created technologies.

  • PM Modi highlights rapid growth in India’s technical textiles sector

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Tuesday highlighted rapid growth in India’s technical textiles sector, propelled by key government initiatives, including the National Technical Textiles Mission (NTTM) and the Production Linked Incentive (PLI) scheme.

    Responding to an article written by Union Minister Giriraj Singh, PM Modi shared on X, “India’s technical textiles sector is witnessing rapid growth, driven by key initiatives like the National Technical Textiles Mission and the PLI scheme. These efforts are boosting manufacturing, innovation and exports, positioning India as a global leader, writes Union Minister Giriraj Singh.”

    Technical textiles refers to fabrics designed and manufactured for their functional and technical properties, rather than their aesthetic appeal. They are engineered to perform specific tasks, like reinforcement, filtration, protection, and more.

    To boost the technical textiles sector in the country, the National Technical Textiles Mission (NTTM) was launched for the period 2020–21 to 2025–26, with an outlay of ₹1,480 crore. The Mission focuses on promoting the use of technical textiles across various flagship schemes and strategic sectors. NTTM funds are allocated for research, innovation and development; promotion and market expansion; export promotion; as well as education, training, and skilling.

    The Production Linked Incentive (PLI) Scheme is aimed at self-reliance. Targeting key sectors such as electronics, textiles, pharmaceuticals, and automobiles, the scheme offers financial incentives linked to clear performance metrics like increased production and incremental sales. This results-based approach not only attracts both domestic and foreign investment but also drives adoption of advanced technologies and supports the achievement of economies of scale.

     

  • MIL-OSI: MEXC Launches Alpha Trading Zone, Ushering in New Era of Seamless On-Chain Asset Trading

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, June 10, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, has officially launched its Alpha Trading Zone, an innovative feature that seamlessly bridges centralized exchanges (CEX) with on-chain asset trading, offering users a convenient and efficient Web3 trading experience. To celebrate the launch, MEXC is introducing a special rewards event with exclusive benefits for users participating in Alpha Zone trading.

    MEXC Alpha Zone: Simplifying On-Chain Asset Trading

    With blockchain and DeFi rapidly evolving, users increasingly seek easy access to on-chain asset trading. To meet this demand, MEXC’s Alpha Trading Zone allows users to buy or sell on-chain assets including tokens on Solana and BNB Chain directly with their spot account assets such as USDT, eliminating the need for complex wallet management or cross-chain operations.

    The Alpha Trading Zone delivers four core advantages for users:

    • Seamless Trading Experience: Enables direct trading of on-chain tokens using Spot account assets without needing wallet management or cross-chain bridging.
    • Security and Efficiency: Powered by MEXC’s DEX+ technology, ensuring transparent pricing and secure execution of on-chain trades through system-managed addresses.
    • Multi-Chain Support: Supports trading across multiple blockchains including Solana, BNB Chain, TRX, and Base to meet diverse Web3 needs.
    • AI-Driven Token Selection: Utilizes AI to analyze real-time on-chain data daily, highlighting trending tokens and promising projects.

    Users can begin Alpha trading through three simple steps: log in to a MEXC account or register via the official MEXC website; navigate to the Alpha Zone from the MEXC homepage; select the desired on-chain asset trading pair and place orders using Spot account assets.

    Alpha Zone Launch Celebration Event

    MEXC is hosting a limited-time celebration event from June 10, 2025 – July 10, 2025. The event features four reward mechanisms:
    New User Reward: Qualified new users who join the event will receive a 20 USDT token airdrop, with a total prize pool limited to 50,000 USDT on a first-come, first-served basis.
    Leaderboard Reward: The top 1,000 qualified users by trading volume in the Alpha Zone will equally share a 20,000 USDT prize pool (20 USDT per person).
    Referral Reward: Invite friends to trade in the Alpha Zone and earn 10 USDT for each qualified referee.
    Points Reward: All users with over 100 USDT in Alpha Zone trading volume will receive 1.5x MEXC DEX+ Points for future DEX+ token airdrop redemptions.

    As a global leading cryptocurrency exchange, MEXC is committed to providing users with the most cutting-edge trading tools and premium service experiences. The successful launch of Alpha Zone further consolidates MEXC’s leadership position in the industry, and the platform will continue to deepen feature development to bring users more convenient and efficient trading solutions worldwide.

    To explore this innovative feature, users can log in to the MEXC official website and navigate to the Alpha Trading Zone from the homepage. For celebration event details and participation, please visit the event page.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, daily airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official WebsiteXTelegramHow to Sign Up on MEXC

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/097e837c-9066-4a1b-9b92-d29d7c7a2c3b

    The MIL Network

  • MIL-OSI: BEN Secures $3.5 Million Line of Credit

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, Del., June 10, 2025 (GLOBE NEWSWIRE) — Brand Engagement Network Inc. (BEN) (NASDAQ: BNAI), an innovator in AI-driven customer engagement solutions, today announced it has entered into a $3.5 million line of credit agreement with Corps Capital Advisors, LLC, a Texas-based investment firm.

    Under the terms of the agreement, BEN may draw up to $3.5 million in revolving credit until the facility’s maturity on December 5, 2025. The line of credit accrues interest at a fixed rate of 10.0% per annum and may be prepaid at any time without penalty. As of the date of this announcement, no amounts have been drawn under the facility.

    “This flexible credit facility strengthens our liquidity as we continue scaling our operations and executing our long-term growth strategy,” said Walid Khiari, CFO and COO of Brand Engagement Network. “We appreciate the support from Corps Capital Advisors and the availability of additional financial resources as we pursue key strategic initiatives.”

    The agreement includes customary terms and conditions, including events of default related to nonpayment, insolvency, and other standard financial and non-financial covenants. A copy of the agreement has been filed with the U.S. Securities and Exchange Commission.

    About Brand Engagement Network (BEN)
    Brand Engagement Network Inc. (NASDAQ: BNAI) innovates in AI-powered customer engagement, delivering safe, intelligent, and scalable solutions. Its proprietary Engagement Language Model (ELM™) and Retrieval-Augmented Generation (RAG) architecture enable highly personalized interactions supported by customers’ curated data in closed-loop environments. BEN develops AI-driven engagement solutions for the life sciences, automotive, and retail industries, featuring AI-powered avatars for outbound campaigns, inbound customer service, and real-time recommendations. With a global AI research and development team, BEN provides secure cloud-based or on-premises deployments, granting complete control of the technology stack and ensuring compliance with GDPR, CCPA, HIPAA, and SOC 2 Type 1 standards. The company holds 21 patents, with 28 pending, demonstrating its commitment to advancing AI-driven consumer engagement. For more information, visit www.beninc.ai.

    Forward-Looking Statements
    Certain statements in this communication are “forward-looking statements” within the meaning of federal securities laws. They are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect, among other things, BEN’s current expectations, assumptions, plans, strategies, and anticipated results. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that may differ materially from those contemplated by the forward-looking statements, which are neither statements of historical fact nor guarantees or assurances of future performance.

    There are a number of risks, uncertainties and conditions that may cause BEN’s actual results to differ materially from those expressed or implied by these forward-looking statements, including but not limited to the risk factors described in Part I, Item 1A of Risk Factors in BEN’s Annual Report on Form 10-K for the year ended December 31, 2023 and the other risk factors identified from time to time in the BEN’s other filings with the Securities and Exchange Commission (the “SEC”). Filings with the SEC are available on the SEC’s website at http://www.sec.gov.

    Many of these circumstances are beyond BEN’s ability to control or predict. These forward-looking statements necessarily involve assumptions on BEN’s part. These forward-looking statements may include words such as “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “project,” “should,” “may,” “will,” “might,” “could,” “would,” or similar expressions. All forward-looking statements attributable to the Company or persons acting on BEN’s behalf are expressly qualified in their entirety by the cautionary statements that appear throughout this communication. Furthermore, undue reliance should not be placed on forward-looking statements, which are based on the information currently available to the Company and speak only as of the date they are made. BEN disclaims any intention or obligation to update or revise publicly any forward-looking statements.

    Media Contact 
    Amy Rouyer
    P: 503-367-7596
    E: amy@beninc.ai

    Investor Relations
    Susan Xu
    P: 778-323-0959
    E: sxu@allianceadvisors.com

    The MIL Network

  • MIL-OSI United Kingdom: AI revolution to give teachers more time with pupils

    Source: United Kingdom – Government Statements

    Press release

    AI revolution to give teachers more time with pupils

    Government driving forward AI tools to deliver excellence everywhere for every child, as part of Plan for Change

    Pupils across England will benefit from more face-to-face time with teachers as the government forges ahead with plans to harness the power of AI to deliver educational excellence.

    The Department for Education has today (June 10th) launched a package of measures to transform how schools use AI – including the first ever AI guidance for schools and colleges setting out how schools can safely and effectively use AI to transform the classroom experience for students.

    A recent survey showed 43% of teachers rate their AI confidence at just 3/10, with over 60% asking for help applying AI to planning and support tasks. Nearly all teachers wanted safety guidance and additional training.

    The comprehensive guidance delivers on this and gives teachers and leaders the confidence to power-up learning and swap wasted hours spent on admin for time spent inspiring our children – as part of our Plan for Change pledge to deliver an excellent education for every child.

    Education Secretary, Bridget Phillipson, said:

    We’re putting cutting-edge AI tools into the hands of our brilliant teachers to enhance how our children learn and develop – freeing teachers from paperwork so they can focus on what parents and pupils need most: inspiring teaching and personalised support.

    Our Plan for Change demands an excellent education for every child, and making all sure young people are benefitting from the latest technology is a vital step.

    By harnessing AI’s power to cut workloads, we’re revolutionising classrooms and driving high standards everywhere – breaking down barriers to opportunity so every child can achieve and thrive.

    Developed in partnership with education experts from the Chiltern Learning Trust and the Chartered College of Teaching, it sets out clear principles for AI use, with education standards and child safety at the fore. It makes clear that AI should be used to ensure learning remains teacher-led and that teachers should verify accuracy and protect personal data.

    For staff, AI can automate some tasks such as generic letters – giving them hours back to focus on personalised parent communications around children’s education progress and wellbeing.

    An additional £1 million of Contracts for Innovation funding will accelerate development of pioneering AI tools to help with marking and generating detailed, tailored feedback for individual students. Building on the successful AI Tools for Education programme announced last August, this investment will take the tools from the design stage into teachers’ hands – meaning world-first AI interventions are a step closer to being classroom-ready.

    Paul Whiteman, general secretary at school leaders’ union NAHT, said:

    These resources are a welcome source of support for education staff. AI has huge potential benefits for schools and children’s learning, but it is important that these are harnessed in the right way and any pitfalls avoided.

    Government investment in future testing and research is vital as staff need reliable sources of evaluation – supported with evidence – on the benefits, limitations and risks of AI tools and their potential uses.

    As part of this innovation drive, schools and colleges are being invited to become ‘test beds’ for evaluating promising EdTech products, creating an evidence base for technologies that genuinely improve both teaching quality and pupil outcomes.

    These innovations will redefine teaching as a profession, transforming it into a more appealing career choice by significantly reducing administrative workload. It will play a crucial role in attracting and retaining talented educators, accelerating progress toward the government’s pledge to recruit 6,500 additional teachers.

    Earlier this week the Prime Minister set out a package of digital and AI training opportunities as part of a new £187m TechFirst programme to bring digital skills and AI learning into classrooms and communities. This package will train up people of all ages and backgrounds for the tech careers of the future, including giving 1 million secondary school students yearly the chance to learn about technology and gain unprecedented access to skills training and career opportunities.

    These initiatives form a key element of the government’s ambitious Plan for Change, directly supporting the mission to break down barriers to opportunity by ensuring every child benefits from exceptional teaching.

    DfE media enquiries

    Central newsdesk – for journalists 020 7783 8300

    Updates to this page

    Published 10 June 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: Congressman Raja Krishnamoorthi Re-Introduces Resolution Calling to Double Federal Funding for Career and Technical Education

    Source: United States House of Representatives – Congressman Raja Krishnamoorthi (8th District of Illinois)

    A son of downstate Illinois, strengthening CTE programming has been a career-long priority for the Congressman

    WASHINGTON – Today, Congressman Raja Krishnamoorthi (D-IL) re-introduced a congressional resolution calling for the doubling of federal funding for career and technical education (CTE). The resolution, endorsed by the Association for Career and Technical Education, builds on years of work advocating for greater funding for CTE programs by Congressman Krishnamoorthi. This includes his 2018 bipartisan law, the Strengthening Career and Technical Education for the 21st Century Act, which reformed CTE programs for the first time in more than a decade and provided nearly $1.4 billion annually to programs across Illinois and around the country for millions of Americans.

    “The ability to adapt and evolve is what has kept American workers and our economy ahead of the curve in an increasingly competitive world,” Congressman Krishnamoorthi said. “By doubling funding for career and technical education programs, we can equip workers with in-demand skills before they enter the job market, creating an expanded pathway to the middle class and a stronger state and country. Now is the time to invest in our workforce and secure a better future for workers and our economy.”

    “Our nation relies on career and technical education (CTE) to equip students with strong skills and experiences that prepare them for meaningful and rewarding careers, boosting our economy and closing the skills gap,” ACTE Executive Director LeAnn Curry said. “ACTE is proud to endorse Congressman Krishnamoorthi’s resolution expressing the vital need for federal investments in Perkins V, which is critical to the sustainability of CTE programs nationwide. We are grateful to Congressman Krishnamoorthi for his support in CTE and for introducing this resolution that recognizes how significant these investments are for our students, our communities, and the country.” 

    During his time in Congress, Congressman Krishnamoorthi has become a leading voice in calling for expanding funding for CTE programs. In addition to his 2018 law, Congressman Krishnamoorthi has spent time traveling across Illinois to speak with labor leaders, educators, students, and workers alike on how best to improve CTE programs. Congressman Krishnamoorthi has also introduced the Opportunity to Compete Act, legislation that would ensure qualified candidates who lack a four-year college degree are not automatically dismissed by computer hiring systems.

    The full text of the resolution can be found here.

    MIL OSI USA News

  • MIL-OSI United Nations: The Geneva Call for Disaster Risk Reduction: The Co-Chairs’ Summary of the Global Platform

    Source: UNISDR Disaster Risk Reduction

    The eighth session of the Global Platform for Disaster Risk Reduction took place from 2 to 6 June 2025 in Geneva, Switzerland. It was co-chaired by Ambassador Patricia Danzi, Director-General of the Swiss Agency for Development and Cooperation, and Kamal Kishore, Special Representative of the Secretary-General for Disaster Risk Reduction and the Head of the United Nations Office for Disaster Risk Reduction.

    This edition of the Global Platform was the first since the Midterm Review of the Implementation of the Sendai Framework for Disaster Risk Reduction 2015-2030. Since 2015, countries have made significant progress, but challenges remain. Recognising this, the Global Platform was organised under the theme of “Every Day Counts, Act for Resilience Today.”

    The 8th Global Platform’s outcome document, the Co-Chairs’ Summary, is titled the “Geneva Call for Disaster Risk Reduction.” It aims to serve as a guide and a rallying call to governments and stakeholders to accelerate the implementation of the Sendai Framework in the remaining five years until 2030. The Summary concludes with an eight-point call to action: The Geneva Call for Disaster Risk Reduction:

    The Geneva Call for Disaster Risk Reduction

    Successes over the last ten years in the implementation of the Sendai Framework are a cause for optimism, especially as local actors and communities are inspiring the world with examples of how they are managing risks. As the cost of disasters increases and international assistance dwindles, urgent, more concrete actions are needed in the next five years to sustain progress towards achieving the expected outcome and goal of the Sendai Framework by 2030, thereby contributing to meeting the goals of the 2030 Agenda, and post-2030 considerations.

    1. Better data to understand risk: The collection, analysis and application of risk information should underlie all resilience-building measures. Countries need to collect and share historical data, track disaster impacts, broken down by sex, age, disability and income, and conduct predictive analyses. The use of the disaster tracking system and the Sendai Framework Monitor should be scaled up.
    2. Use technology to leapfrog progress: All countries and communities can benefit from the ethical use of emerging technologies, such as artificial intelligence, to accelerate disaster risk reduction. Technology access should be facilitated for developing countries and ‘last mile’ communities in all countries.
    3. Promote integrated risk governance and cooperation: The growing complexity of risk demands breaking institutional and policy silos and integrate plans across To that end, a comprehensive risk management approach should be pursued to integrate the implementation of climate change adaptation, disaster risk reduction, and social and environmental protection. International and regional cooperation needs to be enhanced to address transboundary and emerging risks, such as glacial lake outburst floods, sea-level rise and sand and dust storms, as well as extreme heat in line with the UN Secretary-General’s Call to Action on Extreme Heat.
    4. Invest in prevention: Increasing funding for disaster risk reduction is crucial to generate benefits across the development, humanitarian and climate agendas. This includes funds from domestic public budgets and climate finance, also leveraging innovative mechanisms with the private The Fourth International Conference on Financing for Development is an opportunity to scale this up. International funding and technical assistance, as mutually agreed, should be enhanced for the most at-risk developing countries, as well as countries in fragile and conflict settings. Capacity building for disaster risk management can be reinforced through the Santiago network.
    5. Risk-inform all investments: When disaster risks are ignored, even the most ambitious development projects are likely to Public and private investments should be guided by a thorough understanding of disaster risk. For example, investment in the resilience of the education sector has a multiplier effect. Implementing the Comprehensive School Safety Framework will help protect children and youth from disasters.
    6. Scale-up early warning systems: Despite their value in reducing disaster deaths, nearly half of the world still lacks MHEWS. Achieving ‘Early Warnings for All’ requires increased international support and national ownership. Moreover, investing in anticipatory action, social safety nets and combating inequality can minimise disaster impacts and expedite
    7. Leave no one behind: All members of society can be leaders and agents for resilience. Governments and stakeholders should ensure full-scale implementation of the Sendai Gender Action Plan, the Global Children and Youth Call to Action and recommendations for accelerating disability inclusion.
    8. Prepare to ‘Build Back Better’: The Priority Actions to Enhance Readiness for Resilient Recovery provide a guide for countries to better plan how they will Build Back Better after Moreover, recovery efforts should be inclusive to address social and cultural needs.

    Download the Co-Chairs’ Summary 

    MIL OSI United Nations News

  • MIL-OSI: HTX Ascends in Global Rankings: Solidifying Web3 Leadership Grounded in User Trust

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, June 10, 2025 (GLOBE NEWSWIRE) — HTX, a leading global cryptocurrency exchange, is proud to announce its significant climb in comprehensive rankings across multiple authoritative crypto data platforms. This remarkable upward trajectory underscores HTX’s burgeoning recognition and reinforces its position as a trusted leader among users worldwide.

    HTX continues to earn global user trust through its unwavering commitment to excellence in security, trading depth, user experience, and robust ecosystem development, firmly establishing itself as a pivotal force in the Web3 space.

    HTX’s Global Influence Soars as It Climbs Authoritative Rankings

    CoinGecko: HTX’s ranking on CoinGecko, a globally authoritative crypto data platform, has dramatically risen from 13th to 7th place. This achievement not only reflects a notable improvement in the exchange’s overall strength but also underscores its outstanding performance in global user activity, security, and transparency. As a benchmark for crypto asset security ratings, CoinGecko’s ranking further affirms HTX’s continued efforts to optimize its security systems and drive technological innovation.

    Source: CoinGecko

    CoinMarketCap (CMC): HTX has secured the 9th spot on CMC, jumping from 15th on the world’s most visited Web3 platform. This significant milestone strengthens HTX’s status as a top-tier exchange in the minds of global Web3 users, reflecting its rising influence, growing user trust, and expanding international presence in the crypto space.

    Source: CoinMarketCap

    DefiLlama: HTX maintains its 6th position on DefiLlama, a key platform for North America. This consistent ranking showcases HTX’s active presence and solid market share in the region, supported by its dedication to global regulatory compliance and its commitment to delivering a secure, transparent trading environment to users.

    Source: DefiLlama

    Kaiko: HTX has advanced from 10th to 8th position on Kaiko, a respected platform among North American high-end crypto users, and received an “AA” rating. Kaiko evaluates the comprehensive performance of over 100 mainstream trading platforms worldwide across six key dimensions: governance, liquidity, technology, business capabilities, security, and data quality. This accolade highlights HTX’s excellence in business and technological capabilities, as well as its strong security measures, emphasizing its competitive edge in the high-end market.

    Source: Kaiko

    CryptoRank: HTX proudly holds the 3rd position on CryptoRank, a popular platform in the CIS region. This ranking showcases HTX’s deep market penetration and growing brand strength, reinforcing its status as a trusted international trading platform for CIS users.

    Source: CryptoRank

    HTX Builds Global Trust with a User-First Approach

    HTX’s consistent ascent in global rankings underscores its steadfast dedication to user asset security, innovative product development, strategic global expansion, and robust service infrastructure. Guided by its core philosophy of “Putting Users First and Ensuring the Security of User Assets,” HTX continually refines its security, enhances the trading experience, and delivers diverse, innovative products worldwide. This unwavering commitment has earned HTX widespread global recognition, solidifying its position as a leader in the crypto market.

    According to official data, HTX has published its asset reserve records for 32 consecutive months, reaffirming its position as one of the most transparent platforms in the industry. Over the past three months, it has seen a remarkable increase in total asset balances. Notably, USDT holdings have surged from approximately 665 million to 1.15 billion, marking a month-over-month growth of over 30% in May. This reflects HTX’s commitment to strengthening asset reserves and enhancing user asset protection.

    Moving forward, HTX will continue to prioritize user needs, driving continuous improvements in platform security, trading depth, and service quality. Our vision is clear: to establish HTX as the world’s foremost comprehensive Web3 trading platform.

    About HTX

    Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

    As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

    To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on XTelegram, and Discord.

    For further inquiries, please contact Ruder Finn Asia, glo-media@htx-inc.com

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    The MIL Network

  • MIL-OSI Economics: Thales and Proximus consortium will enhancenthe resilience and efficiency of NATO’s Communications and Information Agency business network

    Source: Thales Group

    Headline: Thales and Proximus consortium will enhancenthe resilience and efficiency of NATO’s Communications and Information Agency business network

    • NATO Communications and Information Agency (NCIA) has awarded a contract to a consortium formed by Thales, a global leader in high technology, and Proximus, Belgium’s leading telecommunications provider.
    • This strategic partnership will operate and manage some key infrastructure elements for NCIA’s business network, ensuring enhanced resilience, security, and operational efficiency across five NCIA locations.

    The infrastructure will be supported using cloud based technology, providing NCIA’s personnel with highly secure and efficient access to essential IT services, facilitating real-time communication, collaboration and data management across multiple sites.

    This modernisation is an opportunity to enhance capacity, improve compatibility, and upgrade systems to ensure optimal performance.

    Under the terms of the contract, Thales and Proximus will deliver a fully managed service, providing:

    • infrastructure as a service (IaaS) on a certified and accredited cloud;
    • end-user devices as a service (DaaS) for personnel;
    • robust cybersecurity solutions, ensuring a highly secure digital environment;
    • advanced networking capabilities at NCIA sites for seamless connectivity;
    • comprehensive platform administration services;
    • scalable cloud services for secure storage and high-performance computing.

    Thales is providing a secure cloud infrastructure and a fully managed service, while Proximus is delivering a secure multi-domain laptop and is upgrading the Wi-Fi networks at The Hague and Braine L’Alleud, as well as enabling a high speed connection to their Cloud for 5,000 users at NCIA sites.

    “Together with Proximus, Thales reaffirms its commitment to strengthening NATO’s digital resilience, ensuring secure, high-performance and future-proof IT infrastructure to support the Alliance’s evolving needs. By outsourcing commodity services to trusted industry leaders, NCIA is taking a forward-looking approach that ensures a fully managed, secure, and scalable solution.” said Alex Bottero, VP Network and Infrastructure Systems, Thales.

    “This strategic project reflects our commitment to providing cutting-edge connectivity, mobility, and security solutions. We are proud that Proximus has been chosen for this large-scale project, which will enable NATO to strengthen its digital capabilities with a secure and scalable infrastructure. Thanks to our collaboration with Thales, we are confident that we will be able to meet NCIA’s needs and support its essential missions.” adds Anne-Sophie Lotgering, Enterprise Market Lead at Proximus.

    With stringent performance metrics and service level agreements (SLAs) in place, this solution will guarantee high availability, security and operational stability for NCIA’s ecosystem.

    About Proximus Group

    Proximus Group (Euronext Brussels: PROX), is a provider of future-proof connectivity, IT and digital services, headquartered in Brussels. The Group is actively engaged in building a connected world that people trust, so society blooms.

    The Domestic segment is focused on providing state-of-the art telecommunications and IT services in the Benelux. In Belgium, core products and services are offered under the Proximus, Mobile Vikings and Scarlet brands for the residential market and Proximus NXT for the Enterprise market. The Group is also active in the Netherlands (Proximus NXT) and in Luxembourg (Tango and Proximus NXT).

    Proximus Global overarches the international activities of the Group, gathering the strengths of BICS, Telesign and Route Mobile. Encompassing the entire value chain from P2P Voice & Messaging and Mobility services to CPaaS and Digital Identity, Proximus Global is in a unique position to become a global digital communications leader.

    The Group has the ambition to build the #1 gigabit network for Belgium and plays a central role in creating inspiring digital ecosystems, while fostering an engaging culture and empowering ways of working. Building upon these strengths, Proximus aims to contribute to an inclusive and sustainable digital society, delight customers with an unrivalled experience and achieve profitable growth both locally and internationally to deliver long-term value for stakeholders.

    With 13,131 employees, imbued with Proximus’ Think Possible mindset and all engaged to offer a superior customer experience, the Group realized an underlying Group revenue of EUR 6,430 million end-2024.

    For more information, visit www.proximus.com & www.proximus.be.

    About Thales

    Thales (Euronext Paris: HO) is a global leader in advanced technologies for the Defence, Aerospace, and Cyber & Digital sectors. Its portfolio of innovative products and services addresses several major challenges: sovereignty, security, sustainability and inclusion.

    The Group invests more than €4 billion per year in Research & Development in key areas, particularly for critical environments, such as Artificial Intelligence, cybersecurity, quantum and cloud technologies.

    Thales has more than 83,000 employees in 68 countries. In 2024, the Group generated sales of €20.6 billion.

    MIL OSI Economics

  • MIL-OSI Asia-Pac: Committee on Innovation, Technology and Industry Development holds sixth meeting (with photos)

    Source: Hong Kong Government special administrative region

         The Secretary for Innovation, Technology and Industry, Professor Sun Dong, chaired the sixth meeting of the Committee on Innovation, Technology and Industry Development (CITID) this morning (June 10).

         At the meeting, members were briefed on the major initiatives and latest developments of new industrialisation in Hong Kong, and shared their views on the relevant measures.

         Professor Sun said, “The current-term Government has proactively launched and implemented a series of policies and measures in accordance with the Hong Kong Innovation and Technology Development Blueprint (the Blueprint) to improve the local innovation and technology (I&T) ecosystem, develop new and emerging industries of strategic importance, support start-ups, formulate plans for future industries, and facilitate the upgrading and transformation of traditional industries through I&T, thereby promoting the development of I&T industries and new industrialisation.”

         Established on March 3, 2023, the CITID advises the Government on the directions and strategies as set out in the Blueprint on promoting the development of I&T in Hong Kong, and enhances co-operation among stakeholders.

    MIL OSI Asia Pacific News

  • MIL-OSI Security: 5 Men Plead Guilty for Role in Global Digital Asset Investment Scam Conspiracy Resulting in Theft of More than $36.9 Million from Victims

    Source: Office of United States Attorneys

    LOS ANGELES – Five men have pleaded guilty for their roles in laundering more than $36.9 million from victims of an international digital asset investment scam conspiracy that was carried out from scam centers in Cambodia, the Justice Department announced today.

    The following defendants were part of an international criminal network that induced U.S. victims, believing they were investing in digital assets, to transfer funds to accounts controlled by co-conspirators and that laundered victim money through U.S. shell companies, international bank accounts, and digital asset wallets:

    • Joseph Wong, 33, of Alhambra;
    • Yicheng Zhang, 39, of China;
    • Jose Somarriba, 55, of Los Angeles;
    • Shengsheng He, 39, of La Puente; and
    • Jingliang Su, 44, of China and Turkey.

    As part of the conspiracy, co-conspirators residing overseas contacted U.S. victims directly through unsolicited social media interactions, telephone calls, text messages, and online dating services and gain the victims’ trust.

    The co-conspirators then promoted fraudulent digital asset investments to the victims. Scammers would tell victims that their investments were appreciating in value when, in fact, those funds were stolen and not invested at all.

    Instead, more than $36.9 million in victim funds were transferred from U.S. bank accounts controlled by the co-conspirators to a single account at Deltec Bank in the Bahamas, opened in the name of Axis Digital Limited.

    Somarriba, He, and Su directed Deltec Bank to convert victim funds to the stablecoin Tether (USDT) and to transfer the converted funds to a digital asset wallet controlled by individuals in Cambodia. From there, co-conspirators in Cambodia transferred the USDT to the leaders of scam centers throughout the region including in Sihanoukville, Cambodia.

    Somarriba and He founded Axis Digital and opened the Deltec Bank account. Su joined Axis Digital as a director and participated in the digital asset conversions and transfers of victim funds.

    Wong managed a network of money launderers in Los Angeles who registered shell companies, opened U.S. bank accounts, and wired victim funds to international bank accounts. Zhang opened and operated two U.S. bank accounts used to launder victim proceeds.

    Zhang and Wong pleaded guilty to money laundering conspiracy. They each face a maximum penalty of 20 years in prison. Zhang has been in custody since May 2024. He, Somarriba, and Su pleaded guilty to conspiracy to operate an unlicensed money services business. He, Somarriba, and Su each face a maximum penalty of five years in prison. Su has been in custody since November 2024 and has a sentencing hearing scheduled for November 17.

    Eight co-conspirators have pleaded guilty so far, including Daren Li, a national of China and St. Kitts and Nevis and former resident of Cambodia and the United Arab Emirates who has been in U.S. custody since April 2024, and Lu Zhang, a Chinese national illegally in the United States who managed a network of U.S.-based money launderers, who pleaded guilty to conspiracy to commit money laundering on Nov. 12, 2024 and May 13, 2024, respectively.

    The United States Secret Service’s Global Investigative Operations Center is investigating the case. The Homeland Security Investigations’ El Camino Real Financial Crimes Task Force, Customs and Border Protection’s National Targeting Center, U.S. Department of State’s Diplomatic Security Service, Dominican National Police, and U.S. Marshals Service provided valuable assistance.

    Assistant United States Attorneys Maxwell Coll and Alexander Gorin of the Cyber and Intellectual Property Crimes Section, Assistant United States Attorney Nisha Chandran of the Major Frauds Section, and Trial Attorneys Stefanie Schwartz of the Criminal Division’s Computer Crime and Intellectual Property Section and Tamara Livshiz of the Criminal Division’s Fraud Section are prosecuting these cases.

    If you or someone you know is a victim of a digital asset investment fraud, report it to IC3.gov

    MIL Security OSI

  • MIL-OSI Security: Madison County Man Pleads Guilty to Sex Offender Registration and Supervised Release Violations

    Source: Office of United States Attorneys

    SYRACUSE, NEW YORK – On May 28, 2025, Floyd Wood, 57, of DeRuyter, New York pled guilty in United States District Court to failure to register an email account in violation of the Sex Offender Registration and Notification Act, and also admitted violating conditions of his federal supervised release.   United States Attorney John A. Sarcone III and United States Marshal David McNulty made the announcement. 

    Wood, a federally convicted sex offender, admitted that he created and maintained an email account without reporting it to the Sex Offender Registry, as required by law.  He also admitted that he violated the conditions of his supervised release by not reporting the email account, and falsifying reports about it, to the United States Probation Office.  Wood also admitted that he violated conditions of supervised release by possessing an unreported and unmonitored internet-capable phone, on which the email was discovered.

    The failure to register offense carries a maximum sentence of 10 years in prison, a fine of up to $250,000, and a term of supervised release of at least 5 years and up to life.  Wood also faces up to an additional 5 years for violating the terms of his supervised release.  A defendant’s sentence is imposed by a judge based on the particular statutes the defendant is convicted of violating, the U.S. Sentencing Guidelines and other factors.

    U.S. Attorney John A. Sarcone III said: “Sex offenders who surreptitiously use the internet in violation of law, and in violation of court-imposed conditions of supervision designed to mitigate their threat to society, will be prosecuted by my office to the fullest extent of the law.”

    The United States Marshals Service is investigating the case with assistance from the United States Probation Office.  Assistant United States Attorney Lisa M. Fletcher, Project Safe Childhood Coordinator for the Northern District of New York is prosecuting the case.

    Project Safe Childhood is a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse. Led by the U.S. Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section (CEOS), Project Safe Childhood marshals federal, state and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit https://www.justice.gov/psc.

    MIL Security OSI

  • MIL-OSI Security: Onondaga County Man Pleads Guilty to Possession of Child Pornography and Supervised Release Violations

    Source: Office of United States Attorneys

    SYRACUSE, NEW YORK – Edward McKeraghan, 59, of Syracuse, New York pled guilty last week in United States District Court to possession of child pornography, and also admitted violating conditions of his federal supervised release.  United States Attorney John A. Sarcone III and Craig L. Tremaroli, Special Agent in Charge of the Albany Field Office of the Federal Bureau of Investigation (FBI) made the announcement. 

    McKeraghan, a federally convicted sex offender on supervised release for a prior child pornography offense, admitted that he possessed child sexual abuse material on an unreported and unmonitored internet-capable phone that he obtained in violation of his conditions of federal supervision.  The phone was discovered by the United States Probation Office during a routine home visit.

    Sentencing is scheduled for October 15, 2025.  For the child pornography offense, McKeraghan faces a mandatory minimum sentence of 10 years in prison, with a maximum sentence of 20 years, a fine of up to $250,000, and a term of supervised release of at least 5 years and up to life.  He also faces up to an additional 2 years for violating the terms of his supervised release.  A defendant’s sentence is imposed by a judge based on the particular statutes the defendant is convicted of violating, the U.S. Sentencing Guidelines and other factors.

    U.S. Attorney John A. Sarcone III said, “Repeat sex offenders pose a grave threat to society, particularly to our children.  My office will continue to vigorously prosecute all child exploitation offenses in the Northern District of New York.”

    FBI Special Agent in Charge Craig L. Tremaroli stated, “Mr. McKeraghan’s actions are especially disturbing, given he is a convicted predator on supervised release. Our children are among the most vulnerable members of our community, and the FBI’s Child Exploitation and Human Trafficking Task Force is committed to working together to protect them any way we can.

    The FBI’s Albany Division Child Exploitation and Human Trafficking Task Force is investigating the case with assistance from the United States Probation Office.  Assistant United States Attorney Lisa M. Fletcher, Project Safe Childhood Coordinator for the Northern District of New York is prosecuting the case.

    Project Safe Childhood is a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse. Led by the U.S. Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section (CEOS), Project Safe Childhood marshals federal, state and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit https://www.justice.gov/psc.

    MIL Security OSI

  • MIL-OSI United Kingdom: Driving innovation – 38,000 jobs on the horizon as pilots of self-driving vehicles fast-tracked

    Source: United Kingdom – Executive Government & Departments 2

    Press release

    Driving innovation – 38,000 jobs on the horizon as pilots of self-driving vehicles fast-tracked

    From 2026, self-driving cars without a safety driver could be available for people to book via an app for the first time.

    • pilots of self-driving taxi- and bus-like services will be brought forward by a year to spring 2026, attracting investment and making the UK one of the world leaders in this technology
    • cutting-edge innovation, regulation and road safety will be the key priorities of the pilots – with the UK’s new automated vehicle legislation one of the most robust in the world
    • industry could create 38,000 jobs and add £42 billion to the UK economy by 2035, helping deliver the Plan for Change by putting money in people’s pockets

    Nearly 40,000 jobs could be created, roads could be safer, and billions could be added to the economy as self-driving vehicle pilots are set to start in England from spring 2026.

    Today (10 June 2025), Transport Secretary Heidi Alexander has confirmed that the government will fast-track pilots to spring 2026, introducing self-driving commercial pilots on England’s roads.

    Firms will be able to pilot small scale ‘taxi- and bus-like’ services without a safety driver for the first time – which could be available to members of the public to book via an app – before a potential wider rollout when the full Automated Vehicles Act becomes law from the second half of 2027.

    Innovation, world-leading regulation and road safety will be at the forefront of the pilots, with self-driving vehicles aiming to reduce human error – which contributes to 88% of all road collisions.

    Bringing forward the pilots of self-driving vehicles will help the government deliver the Plan for Change, by creating 38,000 jobs to put money in the pockets of hardworking people, driving investment to back British engineering excellence and creating an industry worth £42 billion by 2035.

    Transport Secretary Heidi Alexander said:

    The future of transport is arriving. Self-driving cars could bring jobs, investment, and the opportunity for the UK to be among the world-leaders in new technology.

    With road safety at the heart of our pilots and legislation, we continue to take bold steps to create jobs, back British industry, and drive innovation to deliver our Plan for Change.

    The Automated Vehicles Act will require self-driving vehicles to achieve a level of safety at least as high as competent and careful human drivers, and they will undergo rigorous safety tests before being allowed on our roads.

    By having faster reaction times than humans, and by being trained on large numbers of driving scenarios, including learning from real-world incidents, self-driving vehicles can help reduce deaths and injuries. Unlike human drivers, AVs can never get distracted or tired and they won’t drink-drive or speed.

    Self-driving vehicles can also improve transport for millions of people – providing greater choice and flexibility to get around more easily. They could add new public transport options in rural areas to boost connectivity for local communities, and improve mobility, accessibility and independence for those unable to drive.

    Technology Secretary Peter Kyle said:

    We can’t afford to take a back seat on AI, unless it’s on a self-driving bus. It’s great to see the UK storming ahead as a global leader in using this technology – making our roads safer, travel easier and driving growth by spurring innovation across the country.

    That’s why we’re bringing timelines forward today, placing the UK firmly in the fast lane and creating opportunity along the way so people across the country benefit.

    Self-driving trials have already been taking place in the UK since January 2015, with British companies Wayve and Oxa spearheading significant breakthroughs in the technology. From spring 2026, self-driving cars without a safety driver could be available for people to book via an app for the first time.

    The UK is already host to a thriving self-driving sector. Wayve secured a record-breaking investment of over $1 billion and announced recent partnerships with Nissan and Uber, while Oxa has already supported ‘bus-like’ services in the US and started rolling out self-driving vehicles at Heathrow Airport to improve baggage handling.

    Alex Kendall, co-founder and CEO, Wayve says:

    The UK has been Wayve’s home since 2017 – building this technology here has been an incredible journey, from testing our first prototype in Cambridge to deploying the world’s first end-to-end AI driver on public roads, starting in London and expanding nationwide. 

    Accelerating commercial self-driving pilots to 2026 positions the UK as a leading destination for the deployment of L4 self-driving technology. These early pilots will help build public trust and unlock new jobs, services, and markets. For Wayve, this means we can prioritise the UK for early deployment and help deliver safer, cleaner mobility to the UK. We’re excited to bring the benefits of L4 autonomous mobility to cities around the UK.

    Mike Hawes, SMMT Chief Executive, said:

    Britain’s self-driving vehicle revolution moves one step closer, with today’s announcements putting the country on track to reap the road safety and socio-economic benefits this technology can deliver.

    Pilot rollout of commercial self-driving services from next year will widen public access to mobility, while the consultation will ensure the technology is deployed in a safe and responsible way. These latest measures will help Britain remain a world leader in the development and introduction of self-driving vehicles, a manifest application of AI at its finest.

    Launched during London Tech Week, the commitments are a cornerstone of the department’s new Transport AI action plan – a groundbreaking vision which sets out how the government is using AI to drive economic growth, reduce traffic congestion, and improve transport for everyone in the UK.

    Gavin Jackson, Oxa’s CEO, said:

    Oxa welcomes the Department for Transport’s (DfT) decision to enable driverless services on British roads by 2026.

    Since 2024, Oxa has advocated for an expedited regulatory regime. Clear rules will open up the market and encourage transport companies to introduce the benefits of autonomous vehicles across the country. Today’s announcement shows that Britain is ready for this technology.

    Sarfraz Maredia, Head of Autonomous Mobility and Delivery at Uber, said:

    We welcome the UK government’s continued leadership on AV regulation and today’s announcement marks a significant step toward bringing autonomous services to the UK.

    Uber already enables tens of thousands of driverless trips each month worldwide through partnerships with leading AV developers. Having recently appointed a dedicated leader for our UK autonomous efforts, we look forward to working with regulators and partners to deploy this technology safely in Britain.

    Michelle Peacock, Head of Global Public Policy at Waymo said:

    The United Kingdom has long been home to our first European engineering team dedicated to the development of our AI-powered Waymo Driver. We’re delighted to see the government lay the groundwork for new investment possibilities in the years ahead.

    Today, our fully autonomous driving technology provides more than a quarter of a million paid trips each week across major American cities. We hope to continue growing our footprint globally, and one day bring Waymo’s safety, accessibility and sustainability benefits to the people of the United Kingdom.

    Julian David OBE, CEO, techUK, said:

    Today’s announcement is great news for the UK’s AV and tech sectors. Safety must be front and centre of any new regulatory regime. The call for evidence on the statement of safety principles enables a healthy discourse on what outcomes the public should expect from self-driving vehicles. The public must also be able to understand when their vehicle really is capable of driving autonomously to prevent accidental misuse. This is why the techUK members also strongly supports the draft statutory instrument on protecting marketing terms.

    The UK must also make sure it doesn’t fall behind other countries despite the promising progress made in 2024 to create new, bespoke legislation for AVs. The ability to deploy truly driverless passenger services from 2026 is a major milestone towards bringing the benefits of autonomy to communities across the country. That is why we warmly welcome plans to accelerate delivery of the necessary regulatory changes to make this a reality.

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    Published 10 June 2025

    MIL OSI United Kingdom