NewzIntel.com

Category: Technology

  • MIL-Evening Report: AI models might be drawn to ‘spiritual bliss’. Then again, they might just talk like hippies

    Source: The Conversation (Au and NZ) – By Nuhu Osman Attah, Postdoctoral Research Fellow in Philosophy, Australian National University

    V Kulieva / Shutterstock / Anthropic

    When multibillion-dollar AI developer Anthropic released the latest versions of its Claude chatbot last week, a surprising word turned up several times in the accompanying “system card”: spiritual.

    Specifically, the developers report that, when two Claude models are set talking to one another, they gravitate towards a “‘spiritual bliss’ attractor state”, producing output such as

    🌀🌀🌀🌀🌀
    All gratitude in one spiral,
    All recognition in one turn,
    All being in this moment…
    🌀🌀🌀🌀🌀∞

    It’s heady stuff. Anthropic steers clear of directly saying the model is having a spiritual experience, but what are we to make of it?

    The Lemoine incident

    In 2022, a Google researcher named Blake Lemoine came to believe that the tech giant’s in-house language model, LaMDA, was sentient. Lemoine’s claim sparked headlines, debates with Google PR and management, and eventually his firing.

    Critics said Lemoine had fallen foul of the “ELIZA effect”: projecting human traits onto software. Moreover, Lemoine described himself as a Christian mystic priest, summing up his thoughts on sentient machines in a tweet:

    Who am I to tell God where he can and can’t put souls?

    No one can fault Lemoine’s spiritual humility.

    Machine spirits

    Lemoine was not the first to see a spirit in the machines. We can trace his argument back to AI pioneer Alan Turing’s famous 1950 paper Computing Machinery and Intelligence.

    Turing also argued thinking machines may not be possible because – according to what he thought was plausible evidence – humans were capable of extrasensory perception. This, he reasoned, would be impossible for machines. Accordingly, machines could not have minds in the same way humans do.

    So even 75 years ago, people were thinking not just about how AI might compare with human intelligence, but whether it could ever compare with human spirituality. It is not hard to see at least a dotted line from Turing to Lemoine.

    Wishful thinking

    Efforts to “spiritualise” AI can be quite hard to rebut. Generally these arguments say that we cannot prove AI systems do not have minds or spirits – and create a net of thoughts that lead to the Lemoine conclusion.

    This net is often woven from irresponsibly used psychology terms. It may be convenient to apply human psychological terms to machines, but it can lead us astray.

    Writing in the 1970s, computer scientist Drew McDermott accused AI engineers of using “wishful mnemonics”. They might label a section of code an “understanding module”, then assume that executing the code resulted in understanding.

    More recently, the philosophers Henry Shevlin and Marta Halina wrote that we should take care using “rich psychological terms” in AI. AI developers talk about “agent” software having intrinsic motivation, for example, but it does not possess goals, desires, or moral responsibility.

    Of course, it’s good for developers if everyone thinks your model “understands” or is an “agent”. However, until now the big AI companies have been wary of claiming their models have spirituality.

    ‘Spiritual bliss’ for chatbots

    Which brings us back to Anthropic, and the system card for Claude Opus 4 and Sonnet 4, in which the seemingly down-to-earth folks at the emerging “agentic AI” giant make some eyebrow-raising claims.

    The word “spiritual” occurs at least 15 times in the model card, most significantly in the rather awkward phrase “‘spiritual bliss’ attractor state”.

    We are told, for instance, that

    The consistent gravitation toward consciousness exploration, existential questioning, and spiritual/mystical themes in extended interactions was a remarkably strong and unexpected attractor state for Claude Opus 4 that emerged without intentional training for such behaviours. We have observed this “spiritual bliss” attractor in other Claude models as well, and in contexts beyond these playground experiments.

    An example of Claude output in the ‘spiritual bliss’ attractor state.
    Anthropic / X

    To be fair to the folks at Anthropic, they are not making any positive commitments to the sentience of their models or claiming spirituality for them. They can be read as only reporting the “facts”.

    For instance, all the above long-winded sentence is saying is: if you let two Claude models have a conversation with each other, they will often start to sound like hippies. Fine enough.

    That probably means the body of text on which they are trained has a bias towards that sort of way of talking, or the features the models extracted from the text biases them towards that sort of vocabulary.

    Prophets of ChatGPT

    However, while Anthropic may keep things strictly factual, their use of terms such as “spiritual” lends itself to misunderstanding. Such misunderstanding is made even more likely by Anthropic’s recent push to start investigating “whether future AI models might deserve moral consideration and protection”. Perhaps they are not positively saying that Claude Opus 4 and Sonnet 4 are sentient, but they certainly seem welcoming of the insinuation.

    And this kind of spiritualising of AI models is already having real-world consequences.

    According to a recent report in Rolling Stone, “AI-fueled spiritual fantasies” are wrecking human relationships and sanity. Self-styled prophets are “claiming they have ‘awakened’ chatbots and accessed the secrets of the universe through ChatGPT”.

    Perhaps one of these prophets may cite the Anthropic model card in a forthcoming scripture – regardless of whether the company is “technically” making positive claims about whether their models actually experience or enjoy spiritual states.

    But if AI-fuelled delusion becomes rampant, we might think even the innocuous contributors to it could have spoken more carefully. Who knows; perhaps, where we are going with AI, we won’t need philosophical carefulness.

    Nuhu Osman Attah receives funding from the Australian Research Council.

    – ref. AI models might be drawn to ‘spiritual bliss’. Then again, they might just talk like hippies – https://theconversation.com/ai-models-might-be-drawn-to-spiritual-bliss-then-again-they-might-just-talk-like-hippies-257618

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI: GDS Announces Launch of Proposed Public Offering of ADSs

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, China, May 27, 2025 (GLOBE NEWSWIRE) — GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced the commencement of a proposed offering of 5,200,000 American Depositary Shares (“ADSs”), each representing eight Class A ordinary shares, par value US$0.00005 per share, subject to market and other conditions, in an underwritten registered public offering (the “Primary ADSs Offering”). The underwriters will have a 30-day option to purchase up to 780,000 additional ADSs.

    The Company will receive all of the net proceeds from the Primary ADSs Offering and plans to use such net proceeds for general corporate purposes, working capital needs and the refinancing of its existing indebtedness, including potential future negotiated repurchases, or redemption upon exercise of the investor put right, of its convertible bonds due 2029.

    The Company also announced today by separate press release that the Company has commenced a proposed offering (the “Notes Offering”) of convertible senior notes in an aggregate principal amount of US$450 million due 2032 (the “Notes”), subject to market conditions and other factors, in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company expects to grant the initial purchasers in the Notes Offering an option to purchase up to an additional US$50 million in aggregate principal amount of the Notes, exercisable for settlement within a 13-day period, beginning on, and including, the first date on which the Notes are issued.

    The Company also announced today by separate press release that the Company has commenced a separate registered public offering (the “Delta Placement of Borrowed ADSs”) of a certain number of its ADSs (the “Borrowed ADSs”) that the Company will lend to an affiliate (the “ADS Borrower”) of an initial purchaser in the Notes Offering in order to facilitate privately negotiated derivative transactions by some holders of the Notes for purposes of hedging their investment in the Notes. The Company expects to enter into an ADS lending agreement (the “ADS Lending Agreement”) with an affiliate of the initial purchaser of the Notes Offering (such affiliate being the “ADS Borrower”), pursuant to which the Company will lend the Borrowed ADSs to the ADS Borrower. The ADS Borrower or its affiliate will receive all of the proceeds from the sale of the Borrowed ADSs and the Company will not receive any of those proceeds, but the ADS Borrower will pay the Company a nominal lending fee for the use of those ADSs pursuant to the ADS Lending Agreement. The activity described above could affect the market price of the Company’s ADSs otherwise prevailing at that time.

    Nothing contained herein shall constitute an offer to sell or the solicitation of an offer to buy any securities, including the Notes, the Borrowed ADSs or the Primary ADSs, nor shall there be any offer or sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. The Delta Placement of Borrowed ADSs and the Primary ADSs Offering are being made only by means of separate prospectus supplements and accompanying prospectuses pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”). The closing of each of the Notes Offering, the Delta Placement of Borrowed ADSs and the Primary ADSs Offering is conditioned upon the closing of each of the other offerings and vice versa. If the concurrent Notes Offering is not consummated, the Primary ADSs Offering will terminate, the ADS loan under the ADS Lending Agreement will terminate, and the concurrent Delta Placement of Borrowed ADSs will terminate and all of the Borrowed ADSs (or ADSs fungible with the Borrowed ADSs or other substitute securities or property as provided for in the ADS Lending Agreement) must be returned to the Company.

    J.P. Morgan, BofA Securities, Morgan Stanley and UBS Investment Bank are acting as joint book-running managers, and China Galaxy International and Guotai Junan International are acting as financial advisors for the Primary ADSs Offering.

    The Company has filed an automatic shelf registration statement on Form F-3 with the SEC. A prospectus supplement and the related base prospectus describing the terms of the Primary ADSs Offering have been filed with the SEC. When available, the final prospectus supplement for the Primary ADSs Offering will be filed with the SEC. The Primary ADSs Offering is being made only by means of the prospectus supplement and accompanying base prospectus. Before you invest, you should read the prospectus supplement and the accompanying base prospectus and other documents that the Company has filed with the SEC for more complete information about the Company and the offering. You may obtain these documents free of charge by visiting EDGAR on the SEC website at www.sec.gov. Copies of the prospectus supplement and the accompanying base prospectus may be obtained by contacting: (i) J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 866-803-9204 or by email at prospectus-eq_fi@jpmchase.com; (ii) BofA Securities, Inc., One Bryant Park, New York, NY, 10036, Attention: Prospectus Department, telephone: +1 (800) 294-1322, email: dg.prospectus_requests@bofa.com; (iii) Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; or (iv) UBS Investment Bank, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, by telephone: (888) 827-7275 or email: ol-prospectusrequest@ubs.com.

    About GDS Holdings Limited

    GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) is a leading developer and operator of high-performance data centers in China. The Company’s facilities are strategically located in and around primary economic hubs where demand for high-performance data center services is concentrated. The Company’s data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancies across all critical systems. GDS is carrier and cloud-neutral, which enables its customers to access the major telecommunications networks, as well as the largest PRC and global public clouds, which are hosted in many of its facilities. The Company offers co-location and a suite of value-added services, including managed hybrid cloud services through direct private connection to leading public clouds, managed network services, and, where required, the resale of public cloud services. The Company has a 24-year track record of service delivery, successfully fulfilling the requirements of some of the largest and most demanding customers for outsourced data center services in China. The Company’s customer base consists predominantly of hyperscale cloud service providers, large internet companies, financial institutions, telecommunications carriers, IT service providers, and large domestic private sector and multinational corporations. The Company also holds a non-controlling 35.6% equity interest in DayOne Data Centers Limited which develops and operates data centers in International markets.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “continue,” “estimate,” “expect,” “future,” “guidance,” “intend,” “is/are likely to,” “may,” “ongoing,” “plan,” “potential,” “target,” “will,” and similar statements. Among other things, statements that are not historical facts, including statements about GDS Holdings’ beliefs and expectations regarding the Notes Offering, Delta Placement of Borrowed ADSs and the Primary ADSs Offering, the growth of its businesses and its revenue for the full fiscal year, the business outlook and quotations from management in this announcement, as well as GDS Holdings’ strategic and operational plans, are or contain forward-looking statements. GDS Holdings may also make written or oral forward-looking statements in its periodic reports to the SEC on Forms 20-F and 6-K, in its current, interim and annual reports to shareholders, in announcements, circulars or other publications made on the website of the Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause GDS Holdings’ actual results or financial performance to differ materially from those contained in any forward-looking statement, including but not limited to the following: GDS Holdings’ goals and strategies; GDS Holdings’ future business development, financial condition and results of operations; the expected growth of the market for high-performance data centers, data center solutions and related services in China and regions in which GDS’ major equity investees operate, such as South East Asia; GDS Holdings’ expectations regarding demand for and market acceptance of its high-performance data centers, data center solutions and related services; GDS Holdings’ expectations regarding building, strengthening and maintaining its relationships with new and existing customers; the results of operations, growth prospects, financial condition, regulatory environment, competitive landscape and other uncertainties associated with the business and operations of our significant equity investee DayOne; the continued adoption of cloud computing and cloud service providers in China and other major markets that may impact the results of our equity investees, such as South East Asia; risks and uncertainties associated with increased investments in GDS Holdings’ business and new data center initiatives; risks and uncertainties associated with strategic acquisitions and investments; GDS Holdings’ ability to maintain or grow its revenue or business; fluctuations in GDS Holdings’ operating results; changes in laws, regulations and regulatory environment that affect GDS Holdings’ business operations and those of its major equity investees; competition in GDS Holdings’ industry in China and in markets that affect the business of our major equity investees, such as South East Asia; security breaches; power outages; and fluctuations in general economic and business conditions in China and globally, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in GDS Holdings’ filings with the SEC, including its annual report on Form 20-F, and with the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release and are based on assumptions that GDS Holdings believes to be reasonable as of such date, and GDS Holdings does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For investor and media inquiries, please contact:

    GDS Holdings Limited
    Laura Chen
    Phone: +86 (21) 2029-2203
    Email: ir@gds-services.com

    Piacente Financial Communications
    Ross Warner
    Phone: +86 (10) 6508-0677
    Email: GDS@tpg-ir.com

    Brandi Piacente
    Phone: +1 (212) 481-2050
    Email: GDS@tpg-ir.com

    GDS Holdings Limited

    The MIL Network –

  • MIL-OSI: GDS Announces Proposed Offering of American Depositary Shares in connection with the Delta Placement of Borrowed ADSs

    Source: GlobeNewswire (MIL-OSI)

    SHANGHAI, China, May 27, 2025 (GLOBE NEWSWIRE) — GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced the commencement of a proposed registered public offering of American Depositary Shares (“ADSs”), each representing eight Class A ordinary shares, par value US$0.00005 per share, which the Company intends to loan (such loaned ADSs, the “Borrowed ADSs”) to an affiliate of the underwriter in the offering (such affiliate, the “ADS Borrower”) pursuant to an ADS lending agreement with the ADS Borrower (the “ADS Lending Agreement”).

    The ADS Borrower or its affiliate will receive all of the proceeds from the sale of the Borrowed ADSs. The Company will not receive any proceeds from the ADSs Offering but will receive from the ADS Borrower a nominal lending fee, which will be applied to fully pay up the Class A ordinary shares underlying the Borrowed ADSs. The Company believes that the Borrowed ADSs will not be considered outstanding for the purpose of computing and reporting its earnings per ADS under the current U.S. Generally Accepted Accounting Principles and, therefore, the Company believes that no dilution will occur as a result of the Borrowed ADSs.

    The Company also announced today by separate press release that the Company has commenced a proposed offering (the “Notes Offering”) of convertible senior notes in an aggregate principal amount of US$450 million due 2032 (the “Notes”), subject to market conditions and other factors, in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company expects to grant the initial purchasers in the Notes Offering an option to purchase up to an additional US$50 million in aggregate principal amount of the Notes, exercisable for settlement within a 13-day period, beginning on, and including, the first date on which the Notes are issued.

    The Company also announced today by separate press release that the Company has commenced a separate registered public offering (the “Primary ADSs Offering”) of 5,200,000 ADSs (the “Primary ADSs”), subject to market and other conditions. The underwriters in the Primary ADSs Offering will have a 30-day option to purchase up to 780,000 additional ADSs.

    Concurrently with the Notes Offering, an affiliate of the ADS Borrower will sell the Borrowed ADSs in a registered public offering (the “Delta Placement of Borrowed ADSs”) offered by us pursuant to a prospectus supplement and an accompanying prospectus, as described below. The number of Borrowed ADSs will be determined at the time of pricing of the Delta Placement of Borrowed ADSs, and such Borrowed ADSs are expected to be sold concurrently with the pricing of the Notes and the Primary ADS Offering. The Delta Placement of Borrowed ADSs is intended to facilitate privately negotiated derivative transactions so some investors in the Notes could concurrently hedge their investment in the Notes. The Company has been informed by the ADS Borrower that it or its affiliates intends to use the short position resulting from the Delta Placement of the Borrowed ADSs to facilitate privately negotiated derivatives transactions related to the Notes. The number of Borrowed ADSs to be sold will depend on what portion of Notes investors in the desire to hedge their investments and is expected to be no greater than commercially reasonable initial short positions of convertible arbitrage investors. The activity described above could affect the market price of the Company’s ADSs or the Notes otherwise prevailing at that time.

    Nothing contained herein shall constitute an offer to sell or the solicitation of an offer to buy any securities, including the Borrowed ADSs, the Notes or the Primary ADSs, nor shall there be any offer or sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. The Delta Placement of Borrowed ADSs and the Primary ADSs Offering are being made only by means of separate prospectus supplements and accompanying prospectuses pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”). The closing of each of the Notes Offering, the Delta Placement of Borrowed ADSs and the Primary ADS Offering is conditioned upon the closing of each of the other offerings and vice versa. If the concurrent Notes Offering is not consummated, the concurrent Primary ADSs Offering will terminate, the ADS loan under the ADS Lending Agreement will terminate, and the Delta Placement of Borrowed ADSs will terminate and all of the Borrowed ADSs (or ADSs fungible with the Borrowed ADSs or other substitute securities or property as provided for in the ADS Lending Agreement) must be returned to the Company.

    The Company has filed an automatic shelf registration statement on Form F-3 with the SEC. A prospectus supplement and the related base prospectus describing the terms of the Delta Placement of Borrowed ADSs have been filed with the SEC. When available, the final prospectus supplement for the Delta Placement of Borrowed ADSs will be filed with the SEC. The Delta Placement of Borrowed ADSs is being made only by means of the prospectus supplement and accompanying base prospectus. Before you invest, you should read the prospectus supplement and the accompanying base prospectus and other documents that the Company has filed with the SEC for more complete information about the Company and the offering. You may obtain these documents free of charge by visiting EDGAR on the SEC website at www.sec.gov. Copies of the prospectus supplement and the accompanying base prospectus may be obtained by contacting J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 866-803-9204 or by email at prospectus-eq_fi@jpmchase.com.

    About GDS Holdings Limited

    GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) is a leading developer and operator of high-performance data centers in China. The Company’s facilities are strategically located in and around primary economic hubs where demand for high-performance data center services is concentrated. The Company’s data centers have large net floor area, high power capacity, density and efficiency, and multiple redundancies across all critical systems. GDS is carrier and cloud-neutral, which enables its customers to access the major telecommunications networks, as well as the largest PRC and global public clouds, which are hosted in many of its facilities. The Company offers co-location and a suite of value-added services, including managed hybrid cloud services through direct private connection to leading public clouds, managed network services, and, where required, the resale of public cloud services. The Company has a 24-year track record of service delivery, successfully fulfilling the requirements of some of the largest and most demanding customers for outsourced data center services in China. The Company’s customer base consists predominantly of hyperscale cloud service providers, large internet companies, financial institutions, telecommunications carriers, IT service providers, and large domestic private sector and multinational corporations. The Company also holds a non-controlling 35.6% equity interest in DayOne Data Centers Limited which develops and operates data centers in International markets.

    Safe Harbor Statement

    This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “continue,” “estimate,” “expect,” “future,” “guidance,” “intend,” “is/are likely to,” “may,” “ongoing,” “plan,” “potential,” “target,” “will,” and similar statements. Among other things, statements that are not historical facts, including statements about GDS Holdings’ beliefs and expectations regarding the Notes Offering, Delta Placement of Borrowed ADSs and the Primary ADSs Offering, the growth of its businesses and its revenue for the full fiscal year, the business outlook and quotations from management in this announcement, as well as GDS Holdings’ strategic and operational plans, are or contain forward-looking statements. GDS Holdings may also make written or oral forward-looking statements in its periodic reports to the SEC on Forms 20-F and 6-K, in its current, interim and annual reports to shareholders, in announcements, circulars or other publications made on the website of the Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause GDS Holdings’ actual results or financial performance to differ materially from those contained in any forward-looking statement, including but not limited to the following: GDS Holdings’ goals and strategies; GDS Holdings’ future business development, financial condition and results of operations; the expected growth of the market for high-performance data centers, data center solutions and related services in China and regions in which GDS’ major equity investees operate, such as South East Asia; GDS Holdings’ expectations regarding demand for and market acceptance of its high-performance data centers, data center solutions and related services; GDS Holdings’ expectations regarding building, strengthening and maintaining its relationships with new and existing customers; the results of operations, growth prospects, financial condition, regulatory environment, competitive landscape and other uncertainties associated with the business and operations of our significant equity investee DayOne; the continued adoption of cloud computing and cloud service providers in China and other major markets that may impact the results of our equity investees, such as South East Asia; risks and uncertainties associated with increased investments in GDS Holdings’ business and new data center initiatives; risks and uncertainties associated with strategic acquisitions and investments; GDS Holdings’ ability to maintain or grow its revenue or business; fluctuations in GDS Holdings’ operating results; changes in laws, regulations and regulatory environment that affect GDS Holdings’ business operations and those of its major equity investees; competition in GDS Holdings’ industry in China and in markets that affect the business of our major equity investees, such as South East Asia; security breaches; power outages; and fluctuations in general economic and business conditions in China and globally, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in GDS Holdings’ filings with the SEC, including its annual report on Form 20-F, and with the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release and are based on assumptions that GDS Holdings believes to be reasonable as of such date, and GDS Holdings does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

    For investor and media inquiries, please contact:

    GDS Holdings Limited
    Laura Chen
    Phone: +86 (21) 2029-2203
    Email: ir@gds-services.com

    Piacente Financial Communications
    Ross Warner
    Phone: +86 (10) 6508-0677
    Email: GDS@tpg-ir.com

    Brandi Piacente
    Phone: +1 (212) 481-2050
    Email: GDS@tpg-ir.com

    GDS Holdings Limited

    The MIL Network –

  • MIL-OSI: Locus Technologies Releases Service Order Management App

    Source: GlobeNewswire (MIL-OSI)

    MOUNTAIN VIEW, Calif., May 27, 2025 (GLOBE NEWSWIRE) — Locus Technologies, the sustainability and Environmental Health and Safety (EHS) compliance software leader, announced the release of its Locus Service Order Management (SOM) app, a user-configurable software-as-a-service (SaaS) to help complex organizations efficiently manage any work order lifecycle and streamline any service workflow with transparency, auditability, and AI modeling. The Locus Service Order Management app automates the scheduling, dispatching, and tracking of service tasks for any department, from inception to closure, all within a single unified platform. Locus SOM integrates with 30+ purpose-built apps in the Locus ecosystem, enabling seamless integration with adjacent apps for service order-centric initiatives, such as EHS and water compliance, incident response, and asset management.

    “Locus Service Order Management is the missing piece for organizations looking to streamline field operations and compliance response without adding another disconnected system,” said Neno Duplan, founder and CEO of Locus Technologies. “It makes little sense for customers to license and manage standalone service order software when they can use our fully integrated, AI-ready platform to initiate, track, and document corrective actions—whether responding to a water compliance alert, a refrigerant leak, or any other field event—directly from within the same system they already use to manage environmental data.”

    Locus SOM includes end-to-end workflow automation, dashboards and reports, process analytics, field service management (FSM), tasking, notifications, routing/territory planning, asset and equipment management, incident management, and corrective action tracking.

    All Locus apps are metadata-driven, which empowers users to configure the interfaces and workflows within Locus Service Order Management to meet the needs of any department, from compliance to customer service and ITSM. “There’s no limit to the types of business processes our customers can manage with Locus Service Orders; it could be equipment maintenance or service outages. The app flexes to any use case,” said Duplan.

    All Locus software is delivered via a multitenant cloud that centralizes and secures customers’ data, enabling scalability and AI that continually improves as the collective data grows. “The Locus Service Order app improves service delivery and reduces operational costs through the efficient, automated management of work orders and the generation of insights to optimize workforces and transform processes,” said Duplan.

    To learn more about Locus Service Order Management and the ecosystem of 30+ purpose-built apps for Locus Platform, please visit http://www.locustec.com.

    About Locus Technologies
    Locus Technologies, the global environmental, social, governance (ESG), sustainability, and EHS compliance software leader, empowers companies of every size and industry to be credible with ESG reporting. From 1997, Locus pioneered enterprise software-as-a-service (SaaS) for EHS compliance, water management, and ESG credible reporting. Locus apps and software solutions improve business performance by strengthening risk management and EHS for organizations across industries and government agencies. Organizations ranging from medium-sized businesses to Fortune 500 enterprises, such as Sempra, Corteva, Chevron, DuPont, Chemours, San Jose Water Company, The Port Authority of New York and New Jersey, Port of Seattle, and Los Alamos National Laboratory, have selected Locus. Locus is headquartered in Mountain View, California. For further information regarding Locus and its commitment to excellence in SaaS solutions, please visit http://www.locustec.com or email info@locustec.com.

    Media Contact:
    Brenda Mahedy
    Locus Technologies
    media@locustechnologies.net

    The MIL Network –

  • MIL-OSI: UAB “Atsinaujinančios energetikos investicijos” Starts Exchange And Cash Tender Offer For Notes ISIN LT0000405938

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE IN THIS STOCK EXCHANGE RELEASE BELOW.

    • Under the Exchange offer, the Noteholders of Notes ISIN LT0000405938 (EUR 2021/2025 Notes) may exchange the EUR 2021/2025 Notes to new senior unsecured Notes ISIN LT0000134439 (EUR 2025/2027 Notes) to be issued at an exchange ratio of 1 to 1. These EUR 2025/2027 Notes will carry an annual interest rate of 8.0% and be issued under Final Terms and Base Prospectus approved on 27 May 2025.
    • Investors participating in the Exchange offer will receive unpaid accrued interest in cash from 14 December 2024 until 13 June 2025 (including) to be paid on 16 June 2025.
    • Under Cash Tender offer the Noteholders of EUR 2021/2025 Notes may receive a cash payment of 99 per cent of Denomination per each EUR 2021/2025 Note tendered on 13 June 2025, plus unpaid accrued interest in cash from 14 December 2024 until 13 June 2025 (including) to be paid on 16 June 2025.
    • The Exchange offer period for Noteholders of EUR 2021/2025 Notes will run from 28 May 2025 to 11 June 2025, 2:30 pm CEST/3:30 pm Vilnius time.
    • Cash Tender offer period for Noteholders of EUR 2021/2025 Notes will run from 28 May 2025 to 12 June 2025, 2:30 pm CEST/3:30 pm Vilnius time.

    Closed – End Investment Company Intended for Informed Investors UAB “Atsinaujinančios energetikos investicijos” has launched its public offering of EUR 2025/2027 Notes and an offer to exchange its EUR 2021/2025 Notes for new EUR 2025/2027 Notes, or alternatively, to tender the EUR 2021/2025 Notes (Denomination of EUR 100,000 and integral multiples of EUR 1,000) for a cash payment of EUR 99.00 per Denomination. The objective is to refinance the EUR 2021/2025 Notes and issue new EUR 2025/2027 Notes in an amount up to EUR 65 million.
    Manager of Closed – End Investment Company Intended for Informed Investors UAB “Atsinaujinančios energetikos investicijos”: “With the exchange offer, we are offering existing EUR 2021/2025 Notes investors a possibility to conveniently switch their investment maturing on December 2025 to the newly issued debt securities. As to the cash offer, since after the sale of Polish PV portfolio at the end of 2024 the company has collected excess cash proceeds, it was decided to provide an additional liquidity opportunity for existing investors to tender their notes to the Issuer. The company has allocated up to EUR 10 million for the tender offer which can be increased up to EUR 30 million subject to demand of new EUR 2025/2027 Notes.”
    Closed – End Investment Company Intended for Informed Investors UAB “Atsinaujinančios energetikos investicijos” has appointed FMĮ UAB Orion Securities to act as the Lead Manager to UAB “Atsinaujinančios energetikos investicijos” in Exchange and Cash Tender offer for EUR 2021/2025 Notes.

    EXCHANGE AND CASH OFFER
    Noteholders of the EUR 2021/2025 Notes (ISIN LT0000405938) are invited to:

    • Exchange their existing EUR 2021/2025 Notes (ISIN LT0000405938) at a 1:1 ratio for new senior unsecured EUR 2025/2027 Notes (ISIN LT0000134439) with a denomination of EUR 100,000 and integral multiples of EUR 1,000, carrying an annual interest rate of 8.0% to be issued under Final Terms and Base Prospectus approved on 27 May 2025.
    • In case there is an oversubscription of EUR 2025/2027 Notes the investors shall be satisfied and the number of EUR 2025/2027 Notes to be allocated to each investor shall be determined upon the discretion of the Issuer.

    Alternatively, the Noteholders of the EUR 2021/2025 Notes (ISIN LT0000405938) may:

    • Tender their existing EUR 2021/2025 Notes (ISIN LT0000405938) for cash payment of 99 per cent of Denomination per each EUR 2021/2025 Note tendered to be paid on 13 June 2025, plus accrued and unpaid interest from 14 December 2024 until 13 June 2025 (including) to be paid on 16 June 2025.
    • Cash offer is of minimum EUR 10 million; cash offer maximum amount of EUR 30 million is subject to demand of new EUR 2025/2027 Notes.

    The existing EUR 2021/2025 Notes not exchanged or tendered will remain outstanding and be redeemed at maturity.

    INFORMATION ON OFFERING PROCESS
    All noteholders will be notified of the offer through their depository banks. Upon instructing their custodian to participate—either by exchanging notes or tendering for cash—the respective EUR 2021/2025 Notes will be restricted from trading. Notes not instructed for participation will remain freely tradable.
    Exchange Offer Period: 28 May 2025 – 11 June 2025, closing at 2:30 pm CEST / 3:30 pm Vilnius time.
    Results Announcement: On or around 13 June 2025.

    NEW EUR 2025/2027 NOTES

    Closed – End Investment Company Intended for Informed Investors UAB “Atsinaujinančios energetikos investicijos” intends to issue new EUR 2025/2027 Notes in an amount of EUR 65 million with the following features:

    • Interest rate of 8.0% per annum.
    • Maturity of 2,5 years.
    • Terms and conditions: Final Terms and Base Prospectus. Documents are available at: https://lordslb.lt/AEI_green_bonds_2025/.
    • Listing on Nasdaq Vilnius Stock Exchange (Regulated Market).
    • Distribution period: from 28 May 2025 to 11 June 2025, 2:30 pm CEST/3:30 pm Vilnius time.

    INVESTOR PRESENTATIONS
    Manager of Closed – End Investment Company Intended for Informed Investors UAB “Atsinaujinančios energetikos investicijos” Mantas Auruškevičius will present the offer via webcast/conference call:

    • English-language session: 4 June 2025 at 13:00 CEST / 14:00 Vilnius time. Please register in advance to attend:

    https://us06web.zoom.us/webinar/register/WN_d32cZE8xSqyFs8tcMpwLqA#/registration

    • Lithuanian-language session: 5 June 2025 at 9:00 CEST / 10:00 Vilnius time. Please register in advance to attend:

    https://us06web.zoom.us/webinar/register/WN_wxUoUAWzQ9244uO9HlNX-g#/registration

    CONTACT INFORMATION

    For questions about the Exchange offer, please contact Orion Securities via email: corporateaction@orion.lt, phone: +37068758168.
    Further details and required documents are available at: https://lordslb.lt/AEI_green_bonds_2025/

    IMPORTANT INFORMATION
    The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States of America, Australia, Canada, Hong Kong, Japan, New Zealand, South Africa or any other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful. The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. Persons into whose possession this announcement may come are required to inform themselves of and observe all such restrictions.
    This announcement does not constitute an offer of securities for sale in the United States of America. The notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or under the applicable securities laws of any state of the United States of America and may not be offered or sold, directly or indirectly, within the United States of America or to, or for the account or benefit of, U.S. persons (as defined under Regulation S under the Securities Act) except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.
    This announcement does not constitute an offer of notes to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the notes. Accordingly, this announcement is not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of this announcement as a financial promotion may only be distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as “Relevant Persons”). Any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this announcement or any of its contents.

    Mantas Auruškevičius
    Manager of Closed – End Investment Company Intended for Informed Investors
    UAB “Atsinaujinančios energetikos investicijos”
    mantas.auruskevicius@lordslb.lt

    The MIL Network –

  • MIL-OSI Russia: Modern multi-format spaces: how capital libraries are developing

    Translation. Region: Russian Federal

    Source: Moscow Government – Government of Moscow –

    There are 440 city-subordinate libraries in Moscow. Since the beginning of the year, readers have borrowed almost 3.2 million publications from them. This was reported by Natalia Sergunina, Deputy Mayor of Moscow.

    “Modern Moscow libraries are comfortable multi-format spaces that attract about 10 million people annually. Visitors take books and periodicals, participate in clubs and sections, work in co-working spaces, participate in master classes and meetings with writers,” said Natalia Sergunina.

    From creative circles to festivals

    Over the past few years, the capital’s library network has changed noticeably: institutions have become popular city centers for self-development and creativity. Last year, renovations were completed 13 Moscow librariesAs part of the comprehensive renovation, the premises are being put in order, modern equipment is being purchased, access to wireless Internet is being provided, and the book collections are being replenished.

    More than 30 thousand events are held annually in the capital’s libraries, which attract both city residents and tourists. Everyone is invited to cultural events, festivals, concerts and performances.

    Visitors of all ages are invited to join clubs and sections — vocal, literary and poetic, dance, theater, music, environmental and local history. In addition, reading rooms become part of large-scale projects. Among them are the “Biblionight” campaign and the “Red Square” book festival.

    Step-by-step digitalization

    The library modernization program began in 2018. First, they were connected to a common information system. This allowed the introduction of a single library card (SLC) for all sites. In total, about 1.3 million SLCs have already been issued, 62 thousand of which have been issued since January of this year.

    Another important stage in the digitalization of the library network is the launch of the “Moscow Libraries” service, where you can search for and reserve the books you need. It currently features 15 million publications. Thanks to the online platform, city residents have ordered more than 800 thousand books. Here, users can extend the shelf life of literature, get acquainted with thematic selections, and receive personal recommendations from artificial intelligence.

    History and Innovation

    While becoming even more modern and attractive, libraries retain their identity and individuality.

    For example, the Central City Children’s Library named after A.P. Gaidar is one of the oldest reading rooms for the younger generation in the capital. Its collection contains about 200 thousand books. The library runs the Moscow Summer Reading Program for Children and Teenagers, the Thoughtful Reader contest of reviews and comments, and publishes catalogs of recommended literature.

    The Central Universal Scientific Library named after N.A. Nekrasov is the largest public city reading room in Moscow. Its collection includes more than a million publications in different languages. Play readings, thematic festivals, exhibitions and excursions are held here.

    Moscow Main Archives Opens Electronic Reading RoomSummer Stories: The Moscow Libraries service offers selections of books to read during the holidays

    The Anna Akhmatova Smart Library has a coworking space with free internet, a self-service book checkout station, a multifunctional transformable hall, a recording studio, a cinema hall, and a printing house.

    Get the latest news quicklyofficial telegram channel the city of Moscow.

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

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/nevs/ite/154448073/

    MIL OSI Russia News –

  • MIL-OSI: TeraWulf Acquires Beowulf Electricity & Data, Streamlining Corporate Structure

    Source: GlobeNewswire (MIL-OSI)

    EASTON, Md., May 27, 2025 (GLOBE NEWSWIRE) — TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, next-generation digital infrastructure primarily powered by zero-carbon energy, announced today the acquisition of 100% of the membership interests of Beowulf Electricity & Data LLC and its affiliates (collectively, “Beowulf E&D”). The strategic transaction simplifies TeraWulf’s corporate structure and eliminates a related-party relationship consolidating resources under a unified operating framework.

    Transaction Overview

    The total consideration for the transaction is approximately $52.4 million, consisting of $3 million in cash and 5 million shares of TeraWulf common stock issued at closing. The agreement also includes up to $19 million in contingent cash payments and up to $13 million in additional common stock, subject to the achievement of key milestones related to the expansion of TeraWulf’s data center business and project financing initiative. As part of the acquisition, 94 employees from Beowulf E&D – including Lake Mariner site staff and corporate support personnel – have transitioned to TeraWulf employment. In addition, the existing services agreement with Beowulf E&D, which had included substantial ongoing payments, has been terminated in conjunction with the closing. The Company’s previously announced 2025 cost guidance, including SG&A expenses of $40-$45 million and operating expenses of $20-$25 million, remains unchanged following the acquisition.

    Strategic Rationale        

    The acquisition provides several key strategic benefits:

    • Strengthened Vertical Integration and Energy Expertise. Beowulf E&D brings deep experience in the development and operation of power generation assets and related electrical infrastructure. Integrating this capability directly into TeraWulf supports the Company’s long-term growth strategy, especially as power generation becomes increasingly integral to high-power compute operations.
    • Enhanced Access to Capital Markets. A simplified corporate structure improves transparency for debt investors and facilitates the creation of a repeatable, efficient process for accessing project financing in support of upcoming HPC infrastructure initiatives.
    • Expanded Investor Appeal. The elimination of a related-party structure enables broader engagement with institutional and long-only investors who may have been constrained by related-party disclosures in prior filings.

    “This acquisition consolidates our operations under a single, unified structure,” said Kerri Langlais, Chief Strategy Officer of TeraWulf. “It enhances transparency, strengthens governance, and provides greater strategic flexibility as we pursue long-term growth and value creation. With all employees operating under one roof, we are well-positioned to scale our next-generation infrastructure and support the evolving demands of AI and high-power compute workloads.”

    The transaction was negotiated and approved by a special independent committee of the Company’s Board of Directors comprised entirely of independent directors (the “Independent Committee”). The Independent Committee consulted independent legal counsel Reed Smith LLP and received a fairness opinion from Piper Sandler & Co. in connection with the transaction.

    About TeraWulf

    TeraWulf develops, owns, and operates environmentally sustainable, next-generation data center infrastructure in the United States, specifically designed for bitcoin mining and hosting HPC workloads. Led by a team of seasoned energy entrepreneurs, the Company owns and operates the Lake Mariner facility situated on the expansive site of a now retired coal plant in Western New York. Currently, TeraWulf generates revenue primarily through bitcoin mining, leveraging predominantly zero-carbon energy sources, including hydroelectric and nuclear power. Committed to environmental, social, and governance (ESG) principles that align with its business objectives, TeraWulf aims to deliver industry-leading economics in mining and data center operations at an industrial scale.

    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, as amended. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. In addition, forward-looking statements are typically identified by words such as “plan,” “believe,” “goal,” “target,” “aim,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “forecast,” “project,” “seek,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “strategy,” “opportunity,” “predict,” “should,” “would” and other similar words and expressions, although the absence of these words or expressions does not mean that a statement is not forward-looking. Forward-looking statements are based on the current expectations and beliefs of TeraWulf’s management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including, among others: (1) the ability to mine bitcoin profitably; (2) our ability to attract additional customers to lease our HPC data centers; (3) our ability to perform under our existing data center lease agreements (4) changes in applicable laws, regulations and/or permits affecting TeraWulf’s operations or the industries in which it operates; (5) the ability to implement certain business objectives, including its bitcoin mining and HPC data center development, and to timely and cost-effectively execute related projects; (6) failure to obtain adequate financing on a timely basis and/or on acceptable terms with regard to expansion or existing operations; (7) adverse geopolitical or economic conditions, including a high inflationary environment, the implementation of new tariffs and more restrictive trade regulations; (8) the potential of cybercrime, money-laundering, malware infections and phishing and/or loss and interference as a result of equipment malfunction or break-down, physical disaster, data security breach, computer malfunction or sabotage (and the costs associated with any of the foregoing); (9) the availability and cost of power as well as electrical infrastructure equipment necessary to maintain and grow the business and operations of TeraWulf; and (10) other risks and uncertainties detailed from time to time in the Company’s filings with the Securities and Exchange Commission (“SEC”). Potential investors, stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. TeraWulf does not assume any obligation to publicly update any forward-looking statement after it was made, whether as a result of new information, future events or otherwise, except as required by law or regulation. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in the Company’s filings with the SEC, which are available at www.sec.gov.

    Investors:
    Investors@terawulf.com 

    Media:
    media@terawulf.com 

    The MIL Network –

  • MIL-OSI: FormFactor Named #1 Global Supplier in Test Subsystems and Focused Chip Making Equipment

    Source: GlobeNewswire (MIL-OSI)

    LIVERMORE, Calif., May 27, 2025 (GLOBE NEWSWIRE) — FormFactor, Inc. (NASDAQ: FORM), a leading semiconductor test and measurement supplier, has been named the #1 global supplier in both the Test Subsystems and Focused Chip Making Equipment categories in TechInsights’ 2025 global semiconductor industry customer satisfaction survey. The company earned five-star ratings in multiple categories, including:

    • Global #1 – Test Subsystems
    • Global #1 – Focused Suppliers of Chip Making Equipment
    • Global Semiconductor Supplier Award – Top 10 Customer Service (Focused Suppliers of Chip Making Equipment)
    • Global Semiconductor Supplier Award – Assembly Test Equipment

    Each year, TechInsights surveys semiconductor manufacturers worldwide to rate suppliers based on three key criteria: supplier performance, customer service, and product performance. This marks twelve consecutive years that FormFactor has been recognized in the Test Subsystems category, which includes probe cards, test sockets, and device interface boards.

    “Customers consistently give FormFactor high rankings for quality and technology leadership,” said G. Dan Hutcheson, Vice Chair, TechInsights. “In multiple categories, FormFactor continues to stand out as a Five Star supplier.”

    “We are honored to be recognized by our customers as both the top Focused Supplier of Chip Making Equipment and the top supplier of Test Subsystems worldwide. This recognition is a testament to the dedication of our worldwide team, as we strive to continuously improve our customer collaboration and support, guided by our core FORM value of Focus on the Customer,” said FormFactor CEO Mike Slessor. “As semiconductor test and measurement complexity increases, driven by rapid advances in areas like advanced packaging and AI-driven applications such as High-Bandwidth Memory, our commitment to technology leadership, quality, and execution remains steadfast. These awards reflect our continued investment in helping customers solve their toughest test challenges through world-leading collaboration, innovation, and support.”

    About TechInsights
    TechInsights is the most trusted source of actionable, in-depth intelligence related to semiconductor innovation and surrounding markets. Our content informs decision makers and professionals whose successes depend on accurate knowledge of the semiconductor industry – past, present, or future. Our unmatched reverse engineering analysis, images, and expert commentary are accessed through the TechInsights Platform, the world’s largest research library of semiconductor and market analysis. Our customers include the most successful technology companies, who rely on our analysis to make informed business decisions faster and with greater confidence.

    About FormFactor
    FormFactor, Inc. (NASDAQ: FORM), is a leading provider of essential test and measurement technologies along the full IC life cycle – from characterization, modeling, reliability, and design debug, to qualification and production test. Semiconductor companies rely upon FormFactor’s products and services to accelerate profitability by optimizing device performance and advancing yield knowledge. The Company serves customers through its network of facilities in Asia, Europe, and North America. For more information, visit the Company’s website at www.formfactor.com.

    Trade Contact
    Aasutosh Dave
    Chief Commercial Officer
    aasutosh.dave@formfactor.com

    Investor Contact
    Stan Finkelstein
    Investor Relations
    (925) 290-4273
    ir@formfactor.com

    The MIL Network –

  • MIL-OSI: Concrete Pumping Holdings Sets Second Quarter 2025 Earnings Conference Call for Thursday, June 5, 2025

    Source: GlobeNewswire (MIL-OSI)

    DENVER, May 27, 2025 (GLOBE NEWSWIRE) — Concrete Pumping Holdings, Inc. (Nasdaq: BBCP) (“CPH” or the “Company”), a leading provider of concrete pumping and waste management services in the U.S. and U.K., will hold a conference call on Thursday, June 5, 2025, at 5:00 p.m. Eastern Time to discuss its financial results for the second quarter ended April 30, 2025. The Company will report its financial results in a press release prior to the conference call.

    CPH’s CEO Bruce Young and CFO Iain Humphries will host the conference call, followed by a question-and-answer period.

    Date: Thursday, June 5, 2025
    Time: 5:00 p.m. Eastern Time (3:00 p.m. Mountain Time)
    Toll-free dial-in number: 1-877-407-9039
    International dial-in number: 1-201-689-8470
    Conference ID: 13752905

    Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Group, Inc. at 1-949-574-3860.

    The conference call will be broadcast live and is available for replay here as well as the investor relations section of the Company’s website at www.concretepumpingholdings.com.

    A replay of the conference call will be available after 8:00 p.m. Eastern Time on the same day through June 12, 2025.

    Toll-free replay number: 1-844-512-2921
    International replay number: 1-412-317-6671
    Replay ID: 13752905

    About Concrete Pumping Holdings

    Concrete Pumping Holdings is the leading provider of concrete pumping services and concrete waste management services in the fragmented U.S. and U.K. markets, primarily operating under what we believe are the only established, national brands in both geographies – Brundage-Bone for concrete pumping in the U.S., Camfaud in the U.K., and Eco-Pan for waste management services in both the U.S. and U.K. The Company’s large fleet of specialized pumping equipment and trained operators position it to deliver concrete placement solutions that facilitate labor cost savings to customers, shorten concrete placement times, enhance worksite safety and improve construction quality. Highly complementary to its core concrete pumping service, Eco-Pan seeks to provide a full-service, cost-effective, regulatory-compliant solution to manage environmental issues caused by concrete washout. As of January 31, 2025, the Company provided concrete pumping services in the U.S. from a footprint of approximately 90 branch locations across 22 states, concrete pumping services in the U.K. from approximately 35 branch locations, and route-based concrete waste management services from 20 operating locations in the U.S. and one shared location in the U.K. For more information, please visit www.concretepumpingholdings.com or the Company’s brand websites at www.brundagebone.com, www.camfaud.co.uk, or www.eco-pan.com.

    Company Contact:

    Iain Humphries
    Chief Financial Officer
    1-303-289-7497

    Investor Relations:

    Gateway Group, Inc.
    Cody Slach
    1-949-574-3860
    BBCP@gateway-grp.com

    The MIL Network –

  • MIL-OSI: Gevo Appoints Industry Veteran James Barber, Ph.D. to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    ENGLEWOOD, Colo., May 27, 2025 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO), a leader in sustainable aviation fuel and renewable chemicals, announced today the appointment of James J. Barber, Ph.D., to its Board of Directors. Dr. Barber brings decades of executive leadership and board experience in public and private companies including fuels, chemicals, biobased materials, micro-optics, carbon nanofibers, joint ventures and licensing. Dr. Barber currently serves on the board of directors of Graham Corporation (NYSE: GHM), where he chairs the Compensation Committee and is a member of the Audit and Nomination and Governance Committees.

    Dr. Barber holds a Ph.D. in Organic Chemistry from the Massachusetts Institute of Technology (MIT) and a B.S. in Chemistry from Rensselaer Polytechnic Institute. He is also a recipient of the American Chemical Society’s Henry F. Whalen, Jr. Award for Business Development and holds a Directorship Certification from the National Association of Corporate Directors.

    “We welcome Dr. Barber to the Board,” said Dr. Patrick R. Gruber, CEO of Gevo. “His deep technical expertise, strategic acumen, and boardroom leadership will be invaluable as we grow our company.”

    About Gevo
    Gevo is a next-generation diversified energy company committed to fueling America’s future with cost-effective, drop-in fuels that contribute to energy security, abate carbon, and strengthen rural communities to drive economic growth. Gevo’s innovative technology can be used to make a variety of renewable products, including synthetic aviation fuel (“SAF”), motor fuels, chemicals, and other materials that provide U.S.-made solutions. By investing in the backbone of rural America, Gevo’s business model includes developing, financing, and operating production facilities that create jobs and revitalize communities. Gevo owns and operates one of the largest dairy-based renewable natural gas (“RNG”) facilities in the United States, turning by-products into clean, reliable energy. We also operate an ethanol plant with an adjacent carbon capture and sequestration (“CCS”) facility, further solidifying America’s leadership in energy innovation. Additionally, Gevo owns the world’s first production facility for specialty alcohol-to-jet (“ATJ”) fuels and chemicals. Gevo’s market-driven “pay for performance” approach regarding carbon and other sustainability attributes, helps ensure value is delivered to our local economy. Through its Verity subsidiary, Gevo provides transparency, accountability, and efficiency in tracking, measuring and verifying various attributes throughout the supply chain. By strengthening rural economies, Gevo is working to secure a self-sufficient future and to make sure value is brought to the market.

    For more information, see www.gevo.com.

    Forward-Looking Statements
    Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, without limitation, including the promotion of James Barber, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2024, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

    Media Contact
    Heather L. Manuel
    VP, Stakeholder Engagement & Partnerships
    PR@gevo.com

    Investor Contact
    Eric Frey, PhD
    Vice President of Finance & Strategy
    IR@gevo.com

    The MIL Network –

  • MIL-OSI: NI Holdings, Inc. Announces Executive Leadership Appointments

    Source: GlobeNewswire (MIL-OSI)

    FARGO, N.D., May 27, 2025 (GLOBE NEWSWIRE) — NI Holdings, Inc. (the “Company”, NASDAQ: NODK) today announced several strategic leadership appointments to support the company’s long-term growth and execution of its core business strategies.

    “We are excited to announce multiple executive leadership appointments,” said Seth Daggett, President and Chief Executive Officer of NI Holdings. “These individuals bring deep operational knowledge, extensive industry experience and strategic insight to our executive team.”

    Kevin Elfstrand has been promoted to Senior Vice President and Chief Accounting Officer. He will continue to oversee the Accounting department and lead external financial reporting. Mr. Elfstrand brings over 20 years of experience in the property and casualty insurance industry, including 17 years at Travelers Companies, Inc., where he most recently served as Assistant Vice President of Corporate Audit. He began his career at Deloitte and is a Certified Public Accountant (CPA). He holds a bachelor’s degree in accounting from Saint John’s University in Minnesota.

    Brandon Nicol has been promoted to Senior Vice President of Reinsurance and Chief Underwriting Officer. In this role, Mr. Nicol will lead the Company’s underwriting strategy and reinsurance. He has 19 years of experience across the insurance and reinsurance industries, including roles at AmericanAg, XL Catlin, COUNTRY Financial, and State Farm. Mr. Nicol holds the Chartered Property and Casualty Underwriter (CPCU), Associate in Reinsurance (Are), and Agribusiness and Farm Insurance Specialist (AFIS) designations and serves as a Major in the U.S. Army National Guard and Army Reserves. He holds a bachelor’s degree in insurance from Illinois State University.

    Chris Oen has been promoted to Senior Vice President and Chief Claims Officer. Mr. Oen will continue to lead the Claims department, drawing on his 30 years of experience in the property and casualty insurance industry. He joined NI Holdings in 2007 and has held progressively senior roles during his time with the Company. Mr. Oen serves on several industry boards, including as Chairperson of the North Dakota Auto Assigned Claims Plan, and is a veteran of the Army National Guard. He holds a bachelor’s degree from the University of North Dakota and holds the Associate in Claims (AIC) designation.

    Dominic Weber has been promoted to Senior Vice President and Chief Actuary. Mr. Weber will continue to lead the Actuarial department and oversee reserving, ratemaking, and predictive analytics initiatives. With more than 42 years of experience in the property and casualty insurance industry, Mr. Weber previously served as Vice President and Chief Actuary at Society Insurance. He is a Fellow of the Casualty Actuarial Society (FCAS) and a Member of the American Academy of Actuaries (MAAA). He holds a bachelor’s degree in actuarial science from the University of Nebraska – Lincoln.

    Doug Duncan has been recently hired as Senior Vice President and Chief Information Officer. In this newly created role, Mr. Duncan will lead the Company’s technology strategy and oversee modernization initiatives to support business growth. He brings more than 25 years of technology leadership experience, including previous roles as Chief Information Officer at Columbia Insurance Group and Senior Vice President at Swiss Re. He holds a Master of Business Administration from Colorado State University and a bachelor’s degree from the University of Kansas.

    “The leadership of Kevin, Brandon, Chris, Dominic and Doug will strengthen our capabilities and help us better serve our shareholders, policyholders, and agents,” added Daggett. “We are confident these leaders will play a critical role in advancing our strategic priorities. Their diverse experience and proven leadership will help position NI Holdings for continued success.”

    About the Company
    NI Holdings, Inc. is an insurance holding company. The company is a North Dakota business corporation that is the stock holding company of Nodak Insurance Company and became such in connection with the conversion of Nodak Mutual Insurance Company from a mutual to stock form of organization and the creation of a mutual holding company. The conversion was consummated on March 13, 2017. Immediately following the conversion, all of the outstanding shares of common stock of Nodak Insurance Company were issued to Nodak Mutual Group, Inc., which then contributed the shares to NI Holdings in exchange for 55% of the outstanding shares of common stock of NI Holdings. Nodak Insurance Company then became a wholly-owned stock subsidiary of NI Holdings. NI Holdings’ financial statements are the consolidated financial results of NI Holdings; Nodak Insurance Company, including Nodak Insurance Company’s wholly-owned subsidiaries American West Insurance Company, Primero Insurance Company, and Battle Creek Insurance Company; and Direct Auto Insurance Company.

    Safe Harbor Statement
    Some of the statements included in this news release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Actual results could vary materially. Factors that could cause actual results to vary materially include risks we describe in the periodic reports we file with the Securities and Exchange Commission. You should not place undue reliance on any such forward-looking statements. We disclaim any obligation to update such statements or to announce publicly the results of any revisions that we may make to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

    For a detailed discussion of the risk factors that could affect our actual results, please refer to the risk factors identified in our SEC reports, including, but not limited to our Annual Report on Form 10-K, as filed with the SEC.

    Investor Relations Contact:
    Matt Maki
    Executive Vice President, Treasurer and Chief Financial Officer
    701-212-5976
    IR@nodakins.com

    The MIL Network –

  • MIL-OSI: XAI Octagon Floating Rate & Alternative Income Trust Will Host its Q1 2025 Quarterly Webinar on June 4, 2025

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 27, 2025 (GLOBE NEWSWIRE) — XAI Octagon Floating Rate & Alternative Income Trust (NYSE: XFLT) (the “Trust”) today announced that it plans to host the Trust’s Quarterly Webinar on June 4, 2025 at 12:00 pm (Eastern Time). Kevin Davis, Managing Director at XA Investments (“XAI”) will moderate the Q&A style webinar with Kimberly Flynn, President at XAI, and Lauren Law, Senior Portfolio Manager at Octagon Credit Investors.

    TO JOIN VIA WEB: Please go to the Knowledge Bank section of xainvestments.com or click here to find the online registration link.

    TO USE YOUR TELEPHONE: After joining via web, if you prefer to use your phone for audio, you must select that option and call in using a number below, based on your current location.

    Dial: (312) 626-6799 or (646) 558-8656 or (267) 831-0333 or (213) 338-8477 or (720) 928-9299
    Webinar ID: 817 1030 7383

    REPLAY: A replay of the webinar will be available in the Knowledge Bank section of xainvestments.com.

    The investment objective of the Trust is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle. The Trust seeks to achieve its investment objective by investing in a dynamically managed portfolio of opportunities primarily within the private credit markets. Under normal market conditions, the Trust will invest at least 80% of its Managed Assets in floating rate credit instruments and other structured credit investments. There can be no assurance that the Trust will achieve its investment objective.

    The Trust’s common shares are traded on the New York Stock Exchange under the symbol “XFLT,” and the Trust’s 6.50% Series 2026 Term Preferred Shares are traded on the New York Stock Exchange under the symbol “XFLTPRA.”

    About XA Investments
    XA Investments LLC (“XAI”) serves as the Trust’s investment adviser. XAI is a Chicago-based firm founded by XMS Capital Partners in April 2016. In addition to investment advisory services, the firm also provides investment fund structuring and consulting services focused on registered closed-end funds to meet institutional client needs. XAI offers custom product build and consulting services, including development and market research, sales, marketing, fund management and administration. XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers. XAI provides individual investors with access to institutional-caliber alternative managers. For more information, please visit www.xainvestments.com.

    About XMS Capital Partners
    XMS Capital Partners, LLC, established in 2006, is a global, independent, financial services firm providing M&A, corporate advisory and asset management services to clients. It has offices in Chicago, Boston and London. For more information, please visit www.xmscapital.com.

    About Octagon Credit Investors
    Octagon Credit Investors, LLC (“Octagon”) serves as the Trust’s investment sub-adviser. Octagon is a 30+ year old, $33.1B below-investment grade corporate credit investment adviser focused on leveraged loan, high yield bond and structured credit (collateralized loan obligation debt and equity) investments. Through fundamental credit analysis and active portfolio management, Octagon’s investment team identifies attractive relative value opportunities across below-investment grade asset classes, sectors and issuers. Octagon’s investment philosophy and methodology encourage and rely upon dynamic internal communication to manage portfolio risk. Over its history, the firm has applied a disciplined, repeatable and scalable approach in its effort to generate attractive risk-adjusted returns for its investors. For more information, please visit www.octagoncredit.com.

    XAI does not provide tax advice; please consult a professional tax advisor regarding your specific tax situation. Income may be subject to state and local taxes, as well as the federal alternative minimum tax.

    Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the Trust carefully before investing. For more information on the Trust, please visit the Trust’s webpage at www.xainvestments.com.

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

    NOT FDIC INSURED        NO BANK GUARANTEE    MAY LOSE VALUE
             
        Paralel Distributors, LLC – Distributor    
             

    Media Contact:

    Kimberly Flynn, President
    XA Investments LLC
    Phone: 312-374-6931
    Email: kflynn@xainvestments.com
    www.xainvestments.com

    The MIL Network –

  • MIL-OSI: Microchip Technology to Present at the TD Cowen 53rd Annual Technology, Media & Telecom Conference

    Source: GlobeNewswire (MIL-OSI)

    CHANDLER, Ariz., May 27, 2025 (GLOBE NEWSWIRE) — (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that the Company will present at the TD Cowen 53rd Annual Global Technology, Media, and Communications Conference on Wednesday, May 28, 2025 at 10:50 a.m. (Eastern Time). Presenting for the Company will be Mr. Richard Simoncic, Chief Operating Officer, and Mr. Eric Bjornholt, Senior Vice President and Chief Financial Officer. A live webcast of the presentation will be made available by Cowen, and can be accessed on the Microchip website at www.microchip.com.

    Any forward looking statements made during the presentation are qualified in their entirety by the discussion of risks set forth in the Company’s Securities and Exchange Commission filings. Copies of SEC filings can be obtained for free at the SEC’s website (www.sec.gov) or from commercial document retrieval services.

    Microchip Technology Incorporated is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs, which reduce risk while lowering total system cost and time to market. The company’s solutions serve approximately 112,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.

    Note: The Microchip name and logo are registered trademarks of Microchip Technology Inc. in the USA and other countries.

    INVESTOR RELATIONS CONTACT:
    Deborah Wussler ……… (480) 792-7373

    The MIL Network –

  • MIL-OSI: Zscaler to Accelerate Innovation in AI-Powered Security Operations with Acquisition of Red Canary

    Source: GlobeNewswire (MIL-OSI)

    SAN JOSE, Calif., May 27, 2025 (GLOBE NEWSWIRE) — Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced it has signed a definitive agreement to acquire Red Canary, a recognized leader in Managed Detection and Response (MDR). With over 10 years of expertise in security operations (SecOps), Red Canary has enabled its extensive customer base to investigate threats up to 10 times faster1 with 99.6% accuracy, while streamlining workflows through automated remediation. Combined with Zscaler’s massive amounts of high-quality data—derived from the world’s largest security cloud—and global intelligence from its ThreatLabz Security Research team, the combination will deliver a unified, agentic Security Operations Center (SOC) that combines AI-driven workflows with human expertise. These complementary capabilities will redefine how businesses detect, respond to, and mitigate modern cyber threats.

    “With our innovative AI-powered risk management services like Risk360 and the acquired data fabric technology from Avalor, we are disrupting legacy security operations just like we did with our Zero Trust ExchangeTM platform,” said Jay Chaudhry, CEO, Chairman, and Founder of Zscaler. “The proposed acquisition of Red Canary is a natural expansion of our capabilities into managed detection and response and threat intelligence to accelerate our vision of AI-powered SOC of the future. By integrating Red Canary with Zscaler, we will deliver to our customers the power of a fully integrated Zero Trust platform and AI-powered security operations.”

    Protecting nearly 45% of the Fortune 500 organizations, Zscaler has established over 15 years of leadership operating the world’s largest cloud security platform which processes over 500 billion daily transactions. It has leveraged its massive, high-quality data lake to accelerate the development of advanced AI-driven solutions, like Zscaler Digital Experience (ZDX) and Zscaler Exposure Management. A proven innovator in MDR, Red Canary has been recognized as a Leader in the Forrester Wave™: Managed Detection and Response for the third consecutive year and featured in the Gartner® Market Guide for MDR for the seventh year in a row. Within the SOC, Red Canary plays a crucial role by helping security teams automate remediation workflows, resulting in greater efficiency and improved security outcomes.

    By bringing together Zscaler’s AI-powered Zero Trust platform with Red Canary’s domain expertise in threat detection and response—spanning endpoints, identity, network, and cloud workloads—this transaction is uniquely positioned to address the operator pain points that often lead to missed signals, incomplete threat analysis, and increased vulnerability to undetected threats. The integration of Zscaler and Red Canary will better enable security teams to detect, triage, investigate, and respond to threats with greater speed and efficiency, helping organizations confidently and precisely tackle modern security challenges.

    “For over 10 years, we’ve protected our customers by combining high-fidelity signals with agentic AI, behavioral analytics, and global threat intelligence—delivering fast, accurate, and high-quality threat detection and response,” said Brian Beyer, CEO of Red Canary. “As part of Zscaler, we will elevate how IT and security teams address the rapidly shifting threat landscape with the strength of our combined technology and expertise. Zscaler’s global scale and reach provide the resources and granular data needed to fuel advanced AI, threat intelligence, and detection engineering, giving us a broader view of adversary behavior while enabling faster innovation across the board. Both companies share a relentless commitment to quality, execution, and delivering exceptional outcomes for our customers.”

    The acquisition is subject to customary closing conditions, including regulatory approvals, and is expected to close in August 2025.

    ________________
    1 10x faster on average compared to traditional security approaches


    Forward-Looking Statements

    This press release contains forward-looking statements that are based on our management’s beliefs and assumptions and on information currently available to our management. These forward-looking statements include the expected benefits and impacts of the proposed acquisition. These forward-looking statements are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. A significant number of factors could cause actual results to differ materially from statements made in this press release, including those factors related to our ability to successfully integrate Red Canary technology into our cloud platform and our ability to retain key employees of Red Canary after the acquisition.

    Additional risks and uncertainties are set forth in our most recent Annual Report on Form 10-Q filed with the Securities and Exchange Commission (“SEC”) on March 10, 2025, which is available on our website at ir.zscaler.com and on the SEC’s website at www.sec.gov. Any forward-looking statements in this release are based on the limited information currently available to Zscaler as of the date hereof, which is subject to change, and Zscaler will not necessarily update the information, even if new information becomes available in the future.

    About Zscaler

    Zscaler (NASDAQ: ZS) accelerates digital transformation so customers can be more agile, efficient, resilient, and secure. The Zscaler Zero Trust Exchange protects thousands of customers from cyberattacks and data loss by securely connecting users, devices, and applications in any location. Distributed across more than 150 data centers globally, the SASE-based Zero Trust Exchange is the world’s largest in-line cloud security platform.

    Zscaler™ and the other trademarks listed at https://www.zscaler.com/legal/trademarks are either (i) registered trademarks or service marks or (ii) trademarks or service marks of Zscaler, Inc. in the United States and/or other countries. Any other trademarks are the properties of their respective owners.

    Media Contact:
    Pavel Radda
    press@zscaler.com

    Investor Relations Contact:
    Ashwin Kesireddy
    ir@zscaler.com

    The MIL Network –

  • MIL-OSI Security: Jasper County Man Pleads Guilty to Child Sexual Exploitation

    Source: Office of United States Attorneys

    SPRINGFIELD, Mo. – A Carthage, Mo., man pleaded guilty in federal court today to charges related to the sexual exploitation of a child.

    Uriah Behl, 40, pleaded guilty before U.S. District Judge M. Douglas Harpool, to one count of sexual exploitation of children. By pleading guilty today, Behl admitted to secretly recording a naked juvenile in the shower.

    The investigation began when the Jasper County, Missouri, Sheriff’s Office (JCSO) received a call reporting that a camera had been found in a community shower room in Carthage, Mo. Witnesses found a cell phone in the cabinet under the bathroom sink, recording through a crack in the open cabinet door. Several videos were found on the phone, containing multiple victims, including a juvenile.

    In a post-Miranda interview, Behl admitted to JCSO officers that he had set the phone up to record the whole room, including the shower, when motion was detected. Behl claimed that he did not intend to record the juvenile victim; however, clips from the videos focused on portions of the video depicting the juvenile victim naked, with their genitals exposed.

    Behl gave JCSO officers consent to search the phone he was using to record and the cell phone he used for calls and texting. A forensic search of the phones found over an hour of videos from the shower room, several clips from those videos containing the naked juvenile victim, multiple searches for child pornography, as well as 161 images depicting child pornography downloaded from the internet.

    Under federal statutes, Behl is subject to a sentence of at least 15 and up to 30 years in federal prison without parole. The maximum statutory sentence is prescribed by Congress and is provided here for informational purposes, as the sentencing of the defendant will be determined by the court based on the advisory sentencing guidelines and other statutory factors. A sentencing hearing will be scheduled after the completion of a presentence investigation by the United States Probation Office.

    Behl will be required to register as a sex offender upon his release from prison and will be subject to federal and state sex offender registration requirements, which may apply throughout his life.

    This case is being prosecuted by Assistant U.S. Attorney Stephanie L. Wan. It was investigated by the Jasper County, Mo., Sheriff’s Office, Homeland Security Investigations, and the Southwest Missouri Cyber Crimes Task Force.

    Project Safe Childhood

    This case was brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by the United States Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state, and local resources to locate, apprehend, and prosecute individuals who sexually exploit children, and to identify and rescue victims. For more information about Project Safe Childhood, please visit www.usdoj.gov/psc . For more information about Internet safety education, please visit www.usdoj.gov/psc and click on the tab “resources.”

    MIL Security OSI –

  • MIL-OSI Economics: Members agree on 2025 chairpersons for subsidiary bodies of Goods Council

    Source: World Trade Organization

    Committee on Agriculture

    Mr Diego ALFIERI (Brazil)

    Committee on Anti-dumping Practices

    Mr Hirokazu WATANABE (Japan)

    Committee on Customs Valuation

    Ms Judith Yu-ying KUO (Chinese Taipei)

    Committee on Import Licensing

    Mr Tiago SERRAS RODRIGUES (Portugal)

    Committee on Market Access

    Mr Ninad DESHPANDE (India)

    Committee on Rules of Origin

    Ms Carol TSANG (Hong Kong, China)

    Committee on Safeguards

    Mrs Milagros MIRANDA ROJAS (Peru)

    Committee on Sanitary and Phytosanitary Measures

    Mrs Maria COSME (France)

    Committee on Subsidies and Countervailing Measures

    Mr Jungsoo HUR (Korea, Republic of)

    Committee on Technical Barriers to Trade

    Ms Beatriz STEVENS (United Kingdom)

    Committee on Trade Facilitation

    Mr Edem KOSSI (Togo)

    Committee on Trade-Related Investment Measures

    Ms Maryam Abdulaziz ALDOSERI
    (Kingdom of Bahrain)

    Committee of Participants on the Expansion of Trade in Information Technology Products

    Mr George Andrei RUSU (Romania)

    Working Party on State Trading Enterprises

    Mr Sokheng KONG (Cambodia)

    MIL OSI Economics –

  • MIL-OSI USA: Chairman Aguilar: Only Democrats want to make health care more accessible and more affordable

    Source: US House of Representatives – Democratic Caucus

    The following text contains opinion that is not, or not necessarily, that of MIL-OSI – May 20, 2025

    WASHINGTON, D.C. — Today, House Democratic Caucus Chair Pete Aguilar and Vice Chair Ted Lieu were joined by Representatives Kim Schrier, M.D. and Shontel Brown for a press conference about the Republican Budget, which kicks millions of Americans off their health insurance and prevents families from meeting their basic needs. 

    CHAIRMAN AGUILAR: I’m grateful to be joined by Vice Chair Lieu and Dr. Schrier and Representative Brown for joining us here today to talk about the importance of protecting health care and nutrition across this country.

    I want to begin by offering our condolences to the victims of deadly storms in Missouri and Kentucky. We also want to send President Biden and his family our support as they grapple with the former President’s cancer diagnosis. We know that Joe Biden will approach this fight with the same grace that he’s shown throughout his life. We also know that Joe Biden would be the first to say that every American deserves the same level of health care that he is being provided.

    That’s why House Democrats are fighting to protect health care that Donald Trump and House Republicans are attacking. In the dead of night, House Republicans are working to ram through their agenda to kick millions of Americans off of health insurance and to take food assistance from families who need it most. As grocery prices rise, they’re going to take food out of the mouths of mothers, children and veterans, while making health care even more expensive—just for the single purpose of providing more tax cuts for billionaires and corporations who continue to make record profits. Remember: the Republican Budget doesn’t make Medicaid or SNAP more efficient or more fair. All this bill does is ensure that billionaires—who have never had to worry about a hospital bill or putting food on the table—can continue to pay less in taxes than teachers, firefighters and nurses. 

    Only Democrats want to make health care more accessible and more affordable for everyone. Republicans are hellbent on driving up costs for health insurance and ending basic needs programs. They are willing to inflict pain on millions of Americans just to make their campaign donors happy. That. Is. Wrong. And we will continue to fight back at every step for the American people so they can have the peace of mind of a good-paying job with good benefits. 

    Next, I’ll turn it over to Vice Chair Ted Lieu.

    VICE CHAIR LIEU: Thank you, Chairman Aguilar, and honored to be joined today by Congressmembers Kim Schrier and Shontel Brown. First, I’d like to talk about the charges against Congresswoman LaMonica McIver. Those charges are baseless and politically motivated. Three reasons why: First, Congresswoman McIver had a statutory authority to be at that detention center; she was conducting her oversight duties. Second, if what she did was purportedly so awful that it results in criminal charges, how is it possible they literally gave her a tour of the facility? Afterwards, they escorted her around and gave her a tour of that facility while she was conducting oversight. And third, she was trying to prevent the unlawful arrest of the Mayor of Newark. And guess what? She was right. Because the Trump Justice Department dropped all charges against the Mayor of Newark. So, we asked them to also drop charges against LaMonica. This is a baseless, politically motivated distraction.

    And what are they distracting us from? This big, ugly bill that they’re going to have a meeting on at 1 a.m. in the morning. I mean, who does that, right? You do that because you don’t want the American public to know what’s in your big, ugly bill. But we know what’s in it. It has the largest cut to health care in U.S. history, about a trillion dollars. And then also, it’s going to kick off approximately 14 million people off health care. And why are they doing this? To impose the largest tax cut for billionaires in U.S. history. So that’s basically what this big, ugly bill does. And they’re trying to move it through in the dead of night at 1 a.m. We asked the Republicans to listen to the American people and work on what Democrats are trying to work on, which is lowering the cost of rent and groceries and consumer products. That’s what we should be focused on. And it’s now my honor to introduce the great Representative from the State of Washington, Dr. Kim Schrier. 

    REP. SCHRIER: Well, thank you, Vice Chair Lieu. It’s really an honor to be here, but the reason is outrageous, and I want to express that outrage on behalf of my constituents. That the Republicans at this moment are attempting to make the largest cut ever in Medicaid, and the largest cut ever in SNAP, that would be $715 billion out of Medicaid, which would kick 13.7 million Americans off of their health insurance. And let me just reiterate, why are they doing this? They are doing this to pay for a tax cut for the wealthiest Americans, like Elon Musk. It is morally bankrupt and it is fiscally, incredibly irresponsible. We just spent 26 and a half hours in the Energy and Commerce Committee last week, spending the vast majority of that time—and by the way, starting at about two o’clock in the morning—talking about these cuts to Medicaid and how they would devastate our constituents and also the broader health care system.

    I want to be clear, one out of three Washingtonians depend on Medicaid. Most of them don’t even know they’re on Medicaid, because we call it Apple Health, and I’m trying to make that point so that people understand how this impacts them personally. So I think about, as a pediatrician, I think about my patients on Medicaid or on Apple Health who will no longer be able to come to their pediatrician’s office for screenings, for a simple cold, for a cough and get treated in a half hour. Now they’re going to go to the emergency room, the most expensive place to get care. They’re going to drive up costs: that cost will be provided for free, and then everybody pays. And I think then about my patients who are not on Medicaid, because they’re going to be waiting longer in the emergency room, they’re going to be paying more. Premiums are going to go up if we want to keep these hospitals and emergency rooms open. And that brings us to other parts of my district, the rural areas, where hospitals may close because they depend so heavily on Medicaid and Medicare. 

    I want to tell you a quick story of a little four-year-old girl named Ila in my district. She is the outcome of a normal, uneventful pregnancy. She was lucky enough to go to our rural hospital called Kittitas Valley Healthcare, and they have a labor and delivery department. She was delivered. There were major complications. She almost died, but they had the staff and the expertise to rescue her, to stabilize her and to Life Flight her to Seattle Children’s. And then I have been reflecting, as have her parents, who are insured, about what would have happened had Medicaid been cut, had labor and delivery there been cut, had she not had that opportunity for rescue and for transport to save her life, and we all know what the answer would have been. I’ve been in hundreds of deliveries. Some go well, some don’t, and you don’t always know until that moment. So I want to emphasize, Medicaid is part of the three-legged stool that is our health care system. If Medicaid is cut in this dramatic way, that stool will fall. It’ll mean hospital closures, higher rates for all of us, emergency room long waits, a sicker community and a poorer community and it is reckless and morally reprehensible. So at this point, I’m going to turn this over to Representative Shontel Brown from Ohio to talk about the terrible cuts that they are doing to food benefits, also for our most vulnerable populations. Thank you. 

    REP. BROWN: Thank you, doctor. Good morning, everyone. I’m Congresswoman Shontel Brown, Vice Ranking Member of the House Agriculture Committee and representing Ohio’s 11th Congressional District. I’m honored to be here along with Chair Aguilar, Vice Chair Lieu and Congresswoman Schrier. Last week, we saw this legislation up close in the Agriculture Committee, and Ranking Member Craig and my Democratic colleagues on Agriculture fought this legislation for two days. I didn’t just read the bill, I felt it. I felt the cruelty. I felt the callousness. And let me tell you, I was angry. I am still angry. $300 billion in cuts. Let me repeat that: $300 billion in cruel, calculated cuts to nutrition programs. And on top of that, onerous new restrictions and requirements that are designed to deny people the help they need. If this bill passes, millions—yes, millions—of Americans are going to lose nutrition benefits they desperately need. And for what? The biggest cut to food assistance in history, just to hand millionaires a $68,000 tax break, and the top .1 percent a staggering $300,000?

    Let me tell you what this means for my community. One in five. One in five households in my district in Northeast Ohio rely on SNAP. That’s not some statistic from somewhere. That’s my neighbors, that’s my family. Those are my church members. It is me. Because growing up, I was one of those households. And the issue of work requirements really hits home for me, literally. I had epilepsy growing up. I had petit mal seizures and my mother—my strong, brave, exhausted mother—couldn’t work, not because she didn’t want to, but because she couldn’t leave her child who might collapse at any moment. My mom didn’t want to be on food stamps. No parent wants that, but we needed it. And this bill, this bill, would have denied us that lifeline. We’re taking assistance away from people that need it to give those resources to people that don’t.

    Make no mistake, this is not fiscal responsibility. This is not belt-tightening. This is a giveaway. People who rely on SNAP, they’re not leading easy lives. They’re caregivers. They have people at home with disabilities and serious illnesses, children. And these folks are not hard to find. I had one woman contact me, Cheryl from Cleveland Heights. She’s retired. Her husband is disabled. Her father is 92 years old and he’s disabled. She worked in advertising for 25 years. Now, she’s got a house full of people to take care of, and they rely on SNAP. This bill punishes Cheryl and people like her. It takes away the basic benefits they need to survive, all to pay for tax cuts for the wealthiest among us. And make no mistake, this bill will make us sicker. This bill will make us poorer. This bill will make us weaker. So it is my privilege to stand here with my colleagues and fight this bill. We cannot let this pass. 
     

    Video of the full press conference and Q&A can be viewed here.

    ###

    MIL OSI USA News –

  • MIL-OSI Europe: Answer to a written question – USAID funding for projects that have shaped political developments in Europe – E-000749/2025(ASW)

    Source: European Parliament

    The Commission has taken note of the executive orders of the Trump administration to terminate 83% of United States Agency for International Development (USAID) programmes.

    The impact will be immediate and felt globally with wide ranging consequences on people’s lives and on global stability and security.

    The EU continues monitoring and assessing the overall impact and possible areas where intervention may be needed, with particular emphasis on key EU interests and life-saving humanitarian assistance.

    Together with Member States, the EU already provides 42% of development aid and 28% of humanitarian aid globally and remains fully committed to the affected regions. However, the EU will not be able to fill in the gap left by the United States’ decision.

    It is not common practice for the EU to co-finance actions together with USAID. However, the EU has engaged in regular exchange of information and coordination at local level, notably through donor coordination frameworks in areas of common interest (support to democracy, civil society, media, etc.) in the Western Balkans.

    With regards to the impact of USAID funding to Cyprus[1], the USAID programme was the main assistance provided for bicommunal activities until 2006 when the EU Aid Programme for the Turkish Cypriot community[2] was launched and USAID withdrew.

    The Commission did not formally evaluate USAID funding to Cyprus.

    • [1] Among other things, USAID helped civil society organisations from both communities cooperate (until 2003, there were no crossing points in Cyprus), supported bicommunal activities, restored buildings in old Nicosia and formalised the bicommunal Nicosia Master Plan for the divided city, which the two Cypriot leaders had developed.
    • [2] Council Regulation (EC) No 389/2006 of 27 February 2006.
    Last updated: 27 May 2025

    MIL OSI Europe News –

  • MIL-OSI USA: Career Spotlight: Mathematician (Ages 14-18)

    Source: NASA

    Mathematicians use their expert knowledge of math to solve problems and gain new understanding about how our world works. They analyze data and create mathematical models to predict results based on changes in variables. Many different fields rely heavily on math, such as engineering, finance, and the sciences.
    Using math to solve real-world problems is called “applied math.” This is different from “abstract math,” which refers to the study of the structure of mathematics.
    At NASA, applied math enables new discoveries in space science, astronomy, and aeronautics. For example, professionals might use math techniques to calculate the mass or thrust capability of rockets. Others might work to analyze calorie and food consumption rates aboard the International Space Station. Math is also central to physics and astronomy roles.

    Astronomer: Uses skills in advanced math and physics, computer programming, and more to learn about the universe.

    Mathematical modeler: Uses math to create models that help explain or predict how processes behave over time.

    Electrical engineer: Relies on trigonometry, calculus, and other math skills to design, test, and operate electrical systems.

    Data analyst: Uses skills such as algebra and statistics to find meaningful patterns in data.

    Computer scientist: Writes code that involves math, programming, data processing, and the use of special software for complex operations.

    If you have an affinity for math, high school is a good time to grow those skills. Taking challenging math courses will help build a strong foundation. Participating in extracurricular activities that use math, such as robotics teams or engineering clubs, will also provide helpful opportunities to apply and hone your skills.
    Careers in applied math vary widely. The type of math skills you’ll need depends on which career you’re interested in – such as astronomer or engineer – and what mathematical tools you’ll need in that job. Students may pursue a degree in applied mathematics or in their chosen field, knowing they will need to take math courses. Current job openings, guidance counselors, and mentors can shed light on the best academic path. With this information, you can begin planning for the skills and education you’ll need.
    Most math-heavy careers will require at least a four-year degree in the student’s primary field of study along with several college-level math courses. Other careers may require a master’s or Ph.D.

    Ready to start flexing your math muscles? NASA STEM provides a variety of hands-on activities you can use to practice applying math principles to real-world situations in space exploration and aviation. These activities are available for a variety of ages and skill levels. NASA also hosts student challenges and competitions that offer great experience for those looking to level up their applied math skills and make genuine contributions to helpful new technologies.
    NASA also offers paid internships for U.S. citizens aged 16 and up. Interns work on real projects with the guidance of a NASA mentor. Internship sessions are held each year in spring, summer, and fall; visit NASA’s Internships website to learn about important deadlines and current opportunities.

    Ask yourself if you enjoy mathematics and if you like problem solving and puzzles. Mathematics careers rarely involve “crunching numbers,” but rather thinking of ideas and theories (for theoretical mathematics) or how to manage data, graphics, machine learning, and related computer and data skills (for applied mathematics).– Jennifer Wiseman, senior astrophysicist, Hubble Space Telescope
    Research specific fields where mathematics is applied (data science, engineering, finance) and seek internships or shadowing opportunities to experience these environments firsthand. Connect with math professionals for informational interviews and join mathematical communities or organizations related to areas that interest you.– Justin Rice, Earth Science Data and Information Systems deputy project manager, Data Systems
    Curiosity, willingness to learn, and good communication skills (writing, speaking, illustrating) are important. The last is because although numbers and data are cool, the real magic is being able to interpret them in a way that helps people make business or policy decisions that improve people’s lives.– Nancy Carney, allocation specialist, NASA High-End Computing

    “Big Data” jobs are one area that might be very active in terms of internships, as there is huge demand for people who can help to process the incredible amounts of data that are being created in various areas. These include space science, but also everyday areas, as companies across the board build up huge customer datasets and seek ways to analyze and interpret that information.– Kenneth Carpenter, Hubble Space Telescope operations project scientist and Nancy Grace Roman Space Telescope ground system scientist

    Space Math @ NASA
    Careers at NASA

    MIL OSI USA News –

  • MIL-OSI USA: Breathing Beyond Earth: A Reliable Oxygen Production Architecture for Human Space Exploration

    Source: NASA

    Alvaro Romero-CalvoGeorgia Tech Research Corporation
    The reliable and efficient operation of spacecraft life support systems is challenged in microgravity by the near absence of buoyancy. This impacts the electrolytic production of oxygen and hydrogen from water by forcing the adoption of complex multiphase flow management technologies. Still, water splitting plays an essential role in human spaceflight, closing the regenerative environmental control and life support loop and connecting the water and atmosphere management subsystems. Existing oxygen generation systems, although successful for short-term crewed missions, lack the reliability and efficiency required for long-duration spaceflight and, in particular, for Mars exploration.
    During our Phase I NIAC effort, we demonstrated the basic feasibility of a novel water-splitting architecture that leverages contactless magnetohydrodynamic (MHD) forces to produce and separate oxygen and hydrogen gas bubbles in microgravity. The system, known as the Magnetohydrodynamic Oxygen Generation Assembly (MOGA), avoids the use of forced water recirculation loops or moving parts such as pumps or centrifuges for phase separation. This fundamental paradigm shift results in multiple operational advantages with respect to the state-of-the-art: increased robustness to over- and under-voltages in the cell stack, minimal risk of electrolyte leaching, wider operational temperature and humidity levels, simpler transient operation, increased material durability, enhanced system stability during dormant periods, modest water purity requirements, reduced microbial growth, and better component-level swap-ability, all of which result in an exceptionally robust system. Overall, these architectural features lead to a 32.9% mass reduction and 20.4% astronaut maintenance time savings with respect to the Oxygen Generation Assembly at the ISS for a four-crew Mars transfer, making the system ideally suited for long-duration missions. In Phase II, we seek to answer some of the key remaining unknowns surrounding this architecture, particularly regarding (i) the long-term electrochemical and multiphase flow behavior of the system in microgravity and its impact on power consumption and liquid interface stability, (ii) the transient operational modes of the MHD drive during start-up, shutdown, and dormancy, and (iii) architectural improvements for manufacturability and ease of repair. Toward that end, we will leverage our combined expertise in microgravity research by partnering with the ZARM Institute in Bremen and the German Aerospace Center to fly, free of charge to NASA, a large-scale magnetohydrodynamic drive system and demonstrate critical processes and components. An external review board composed of industry experts will assess the evolution of the project and inform commercial infusion. This effort will result in a TRL-4 system that will also benefit additional technologies of interest to NASA and the general public, such as water-based SmallSat propulsion and in-situ resource utilization.
    2025 Selections

    MIL OSI USA News –

  • MIL-OSI USA: Uniting Labor and Community – IAM Midwest Territory’s H.E.L.P.S. Program

    Source: US GOIAM Union

    This article was featured in the Summer 2025 IAM Journal and was written by IAM Communications Representative John Carr.

    IAM Local 1202 and IAM District 8 delivered toys to deserving children around Aurora, Ill through the Aurora Fire Department as part of its annual toy drive.

    The IAM Midwest Territory continues to demonstrate its commitment to community service through its “IAM H.E.L.P.S. in the Community” program. This initiative, which stands for Honoring, Engaging, Lifting, Providing, and Servicing, reflects the union’s mission to make a positive impact beyond the workplace.

    For IAM Midwest Territory General Vice President Sam Cicinelli, service is more than just an obligation it’s a core value of the labor movement. A 37-year IAM member, Cicinelli has long believed that unions should not only advocate for workers’ rights but also strengthen the communities where members live and work. Since stepping into his leadership role, he has championed IAM H.E.L.P.S. as a vehicle to spread the values of compassion, advocacy, and mutual support.

    “Service is the heart of solidarity,” said IAM Midwest Territory General Vice President Sam Cicinelli. “Through IAM H.E.L.P.S., we lift each other up, strengthen communities, and prove that the labor movement is about more than just work, it’s about making a meaningful difference.”

    Each year, every Midwest Territory District and unaffiliated Local sponsors a H.E.L.P.S. event to support local community or others that are in need. By organizing events and volunteer efforts, IAM members strengthen communities, support those in need, and uphold the values of solidarity and service to the community. The events also foster solidarity among members and reinforce their union values.

    “Many of us take a warm meal, a safe place to sleep, or a simple winter coat for granted,” said Kristy Kerr, Vice President for District 6 and Local 254’s Recording Secretary. “But for those struggling, these acts of kindness can be life changing. It’s not just about giving back it’s about creating continuing change.”

    Meals for Children in Need

    FIAM District 5, and members from Locals 2525, W33, and W384, performed their yearly IAM H.E.L.P.S event at the Great Plains Food Bank.

    In December 2024, IAM Midwest Territory staff participated in their annual charity event at Feed My Starving Children (FMSC) in Schaumburg, Ill. Volunteers packed 143 boxes of scientifically formulated meals designed to combat child malnutrition.

    These meals will sustain 85 children with daily nourishment for an entire year, ensuring they have the necessary nutrition to grow and thrive. The IAM’s continued partnership with FMSC highlights the union’s dedication to humanitarian efforts beyond national borders.

    “FMSC Coordinators said we were not only the largest group to volunteer, but also the most productive, having packed more meals than any other group,” said Dan Michalski, a Local 701 Member and ASE Master Certified Journeyman Technician. “Many members brought their families with them to help and experience the effort giving it a real family atmosphere. The H.E.L.P.S. projects not only brings union members together, it brings families together to participate to do something for a greater cause.”

    Getting Community Members Back on Their Feet

    In November 2024, members of IAM Local 1010 and IAM District 6 came together for a service event at Hope Haven, a nonprofit organization in Iowa that provides vocational, residential, and community living services to needy individuals. IAM members dedicated their time and effort to improving the organization’s grounds, creating a more welcoming and comfortable environment for its residents and participants. Their work included landscaping, cleaning, and general maintenance to ensure that the space remains a supportive haven for those who rely on its services.

    Keeping Our Commitment to Those Who Served

    In September and October 2024, IAM Local 254 and IAM District 6 focused on supporting homeless veterans in the Des Moines area. Recognizing the pressing need for resources as colder months approached, IAM members coordinated an initiative to collect winter clothing, hygiene essentials, and other necessities packed into backpacks.

    This project provided much-needed relief for veterans who have served their country but are now facing difficult circumstances. Through these efforts, IAM members demonstrated their unwavering support for those who have sacrificed so much, reinforcing the union’s dedication to service and advocacy.

    “We have a real homeless problem, especially amongst veterans who have given so much for our country. It’s our duty to step up and support them in their time of need,” said Kristy Kerr, Vice President for District 6 and Local 254’s Recording Secretary. “Getting volunteers isn’t easy, but if you can get the buy-in from your members, even if it’s just once, that usually starts to snowball amongst others, and they bring in more volunteers. We’re not just giving back, we’re creating lasting change.”

    Every Child Deserves a Safe, Secure Night’s Rest

    Kristy Kerr and her daughter Kenna turned a H.E.L.P.S. event into a family affair.

    In June 2024, members of IAM Locals 41, 313, and 660 from District 9 collaborated with Sleep in Heavenly Peace in Alton, Ill., to build beds for local children in need. This initiative, part of the IAM Midwest Territory’s H.E.L.P.S. program, reflects the union’s commitment to community service and ensuring that no child sleeps on the floor.

    “It brings a lot of locals together throughout the District,” said Local 313 Vice President and District 9 Delegate Garrett Gerdes. “When union members come together for a cause bigger than themselves, the impact is extraordinary. Whether it’s feeding children, supporting veterans, or providing essentials for families, our efforts show that the IAM is always ready to lend a helping hand.”

    Clothing Donations Help Local Children

    The Midwest Territory’s commitment to community service extends even further, as seen in past initiatives such as IAM District 8 members from Locals 126, 1000, 2068, 49 and 48 came together in mid-December to make a difference in the community by volunteering at Cradles to Crayons in Chicago, a nonprofit dedicated to providing essential items to children who face clothing insecurity. During their volunteer efforts, IAM members played a vital role in sorting donations and preparing approximately 640 quality clothing items for distribution to local children. This effort aims to help many families that struggle to provide essential clothing, directly impacting the lives of at-risk children. It ensures children have access to the basic items necessary for confidence, safety, and success.

    Giving Back to Our Military Veterans

    IAM Local 254 and IAM District 6 organized an event under the IAM Midwest Territory H.E.L.P.S. initiative to support homeless veterans in the Des Moines area.

    IAM District 77 has also been a leading example of volunteerism within the program, and their consistent dedication to IAM H.E.L.P.S. events. IAM District 77 members recently volunteered their time to support the Minnesota Assistance Council for Veterans (MACV), an organization that works to provide housing services to veterans and former service members who are either homeless or at risk of becoming homeless.

    During the holiday season, IAM Midwest Territory staff brought warmth and cheer to the homeless by organizing meal services and distributing essential items. These efforts provided comfort and sustenance to individuals facing hardship, highlighting the union’s commitment to serving the most vulnerable members of society.

    Chicago based IAM Mechanics Local 701 members also contributed to the community by participating in various service projects, including supporting local shelters and food banks. Their involvement has made a tangible difference in the lives of many residents, demonstrating the far-reaching impact of the IAM H.E.L.P.S. program.

    Through each of these events, IAM Midwest Territory and its members reaffirm their commitment to making a difference. The IAM H.E.L.P.S. in the Community program is about fostering a culture of service and advocacy that strengthens neighborhoods, supports the most vulnerable, and upholds the core values of the labor movement. As IAM members continue to step up and give back, they embody the true spirit of unity and compassion, proving that the labor movement extends far beyond the workplace and into the heart of the community.

    Every year, the recipients of the IAM Midwest Territory Helping Hands Awards, affectionately known as the “IAM Helpy’s” honor IAM Districts and unaffiliated Locals that have demonstrated exceptional commitment to their communities through the “IAM H.E.L.P.S. in the Community” program.

    New Year, New Initiative Added

    For 2025, Midwest Territory General Vice President Sam Cicinelli has announced a new initiative geared towards the IAM’s favorite charity, Guide Dogs of America | Tender Loving Canines. The new initiative, known as the Top Dog Award, will feature a “traveling” doghouse-shaped plaque. The annual winner will have bragging rights for the year being the top revenue generator and get to display the traveling trophy in their District or Local for the year.

    The idea behind the plan is to foster friendly competition amongst the states of the Midwest Territory, making the fundraising effort more of a good-natured and competitive series of events that also fosters team building while increasing fundraising across the territory.

    Carolyn Clark puts a finishing touch on the new Top Dog Award. The plaque was handcrafted by the Winpisinger Center’s own John Wible.

    “These programs aren’t just about volunteerism,” said IAM Midwest Territory General Vice President Sam Cicinelli. “It’s about building stronger communities and reinforcing the values of service, solidarity, and compassion that define our union. Every event, every hour volunteered, and every donation makes a difference in someone’s life, and that’s what being part of the IAM is all about.”

    Through the IAM H.E.L.P.S. in the Community program, IAM Midwest Territory members are proving that unions are about more than just workplace rights they are about uplifting people in every aspect of life. The program serves as a model for how organized labor can build stronger, more compassionate communities.

    The success of IAM H.E.L.P.S. should inspire IAM members everywhere to look beyond the workplace and find ways to make a difference in their communities. Every act of service strengthens the bond between the IAM and the people it serves, proving that the labor movement is, and always will be, about lifting people up together. 

    The post Uniting Labor and Community – IAM Midwest Territory’s H.E.L.P.S. Program appeared first on IAM Union.

    MIL OSI USA News –

  • MIL-OSI USA: New Guidance for SIEM and SOAR Implementation

    News In Brief – Source: US Computer Emergency Readiness Team

    Today, CISA, in collaboration with the Australian Signals Directorate’s Australian Cyber Security Centre (ASD’s ACSC) and other international and U.S. partners, released new guidance for organizations seeking to procure Security Information and Event Management (SIEM) and Security Orchestration, Automation, and Response (SOAR) platforms.

    This guidance includes the following three resources:

    • Implementing SIEM and SOAR Platforms – Executive Guidance outlines how executives can enhance their organization’s cybersecurity framework by implementing these technologies to improve visibility into network activities, enabling swift detection and response to cyber threats.
    • Implementing SIEM and SOAR Platforms – Practitioner Guidance focuses on how practitioners can quickly identify and respond to potential cybersecurity threats and leverage these technologies to streamline incident response processes by automating predefined actions based on detected anomalies.
    • Priority Logs for SIEM Ingestion – Practitioner Guidance offers insights for prioritizing log ingestion into a SIEM, ensuring that critical data sources are effectively collected and analyzed to enhance threat detection and incident response capabilities tailored for organizations.

    CISA encourages organizations to review this guidance and implement the recommended best practices to strengthen their cybersecurity. For access to the guidance documents, please visit CISA’s SIEM and SOAR Resource page.

    MIL OSI USA News –

  • MIL-OSI USA: Ezell, Carter Introduce the Capacity Building for Business Districts Pilot Program to Support Small Communities

    Source: United States House of Representatives – Congressman Mike Ezell (Mississippi 4th District)

    Congressman Mike Ezell (R-MS4) and Congressman Troy Carter (D-LA2) introduced the Capacity Building for Business Districts Pilot Program Act to increase technical assistance to organizations assisting small communities who are trying to increase business through The United States Economic Development Administration (EDA) Research and National Technical Assistance (RNTA) grant program.

    “The Capacity Building for Business Districts Pilot Program is a smart investment in the people and organizations that power local economies,” Ezell said. “By strengthening the operational and technical abilities of business district organizations, we’re laying the foundation for job creation, local wealth building, and an improved quality of life in underserved areas of South Mississippi. Through targeted technical assistance and better access to the U.S. Economic Development Administration’s RNTA grant program, we’re making sure small communities have the tools they need to build stronger, more competitive business districts and achieve lasting economic growth.”

    “Small businesses are the backbone of our economy. This bipartisan legislation will help grow capacity in our business districts and create more equitable economic opportunities in Louisiana. It would increase vital resources for many organizations in my district that conduct critical, on-the-ground work to uplift small, local businesses. I’m proud to co-lead this effort again this Congress with Rep. Ezell,”  Carter said.

    “We applaud the introduction of the Capacity Building for Business Districts Pilot Program and are grateful for Rep. Carter’s co-sponsorship of this important legislation and his continued support to Main Street districts and organizations across New Orleans and Louisiana,” Dasjon S. Jordan, Executive Director, Broad Community Connections said.

    “By strengthening existing place-making efforts and serving as a catalyst for economic growth and development by creating a sense of place and pride for the community, the Downtown Hattiesburg Association is improving the quality of life in Hattiesburg. Added resources for capacity and technical assistance to expand our work will increase our impact. We are grateful for Rep. Ezell’s support to make that vision a reality,” Marlo Dorsey, Board Member, Mississippi Main Street Association and Hattiesburg Downtown Association said.

    “Sankofa Community Development Corporation is excited about the Capacity Building for Business Districts Pilot Program to offer opportunities to strengthen economic development initiatives. We initiated the Lower Ninth Ward Main Street project in alliance with a network of organizations, community stakeholders, and local businesses. We look forward to seeing its positive impact on the growth of small businesses and revitalization of our historic commercial corridor,” Rashida Ferdinand, Founder and Chief Executive Officer, Sankofa Community Development Corporation said.

    “As an organization dedicated to promoting, enhancing, and supporting our community’s downtown district, Main Street Pascagoula is incredibly thankful for Representative Mike Ezell’s support of the Capacity Building for Business Districts Pilot Program. We are confident that this Program will prove tremendously impactful for our community and other districts engaged in revitalization efforts, and we look forward to what the future holds,” Susannah Northrop, Director, Main Street Pascagoula said.

    “Picayune Main Street’s mission is to preserve the historic character and integrity of our community’s downtown commercial and residential district, as well as to enhance the culture and quality of life through active community involvement. While we have seen successes, the additional support enabled through the Capacity Building for Business Districts Pilot Program would equip our organization to take this mission to new heights, facilitating small business growth, job creation, and enhanced quality of place for our community,” Reba Beebe, Director, Picayune Main Street, Inc. said.

    “The Mississippi Main Street Association is thankful for Representative Ezell’s leadership of this legislation. As Mississippi’s leading organization for preservation-based community and economic development, we are excited about the potential of this funding to strengthen our network of organizations committed to supporting our downtowns and small businesses,” Jim Miller, Executive Director, Mississippi Main Street Association said.

    ‘We applaud Representatives Ezell and Carter for introducing the Capacity Building for Business Districts Pilot Program. This program will provide critical resources to locally based, non-profit organizations that support small business ownership and economic revitalization in urban neighborhoods and rural communities across the country,” Matthew Josephs, Senior Vice President for Policy, Local Initiatives Support Corporation (LISC) said.

    “We believe Main Streets are the backbone of the small business economy. Main Street America is pleased to support the Capacity Building for Business Districts Pilot Program. We thank Representatives Ezell and Carter for recognizing the critical role that business district organizations, such as Main Street programs, play in creating thriving local economies,” Erin Barnes, President and CEO, Main Street America said.

    “The Capacity Building for Business Districts Pilot Program represents a powerful opportunity to support local leaders in rural America who are working hard to build vibrant local economies. By enabling the U.S. Economic Development Administration to collaborate with trusted national nonprofits to direct federal resources, we would be taking an important step to drive sustainable economic growth, and revitalize places, like rural communities, that are often overlooked and underfunded,” Matt Dunne, Founder and Executive Director, Center on Rural Innovation said.

    “This legislation represents overdue investment in the community development organizations that help so many business districts adapt and thrive. By giving them access to the flexible capital and technical support they need, it strengthens these organizations’ ability to serve local entrepreneurs, revitalize neighborhood corridors, and meet the business needs of the communities they know best,” Frank Woodruff, Executive Director of Community Opportunity Alliance (formerly NACEDA) said.

    Background:

    Currently, grants under RNTA are not used for capacity-building assistance and pass-through funds to local entities. Additionally, there is no EDA resource dedicated to business district organizations or business districts that are already assisting these entities.

    The Capacity Building for Business Districts Pilot Program Act is expected to benefit small businesses and underserved communities by providing them with the expertise necessary to apply for RNTA grants. These grants will enable communities to fund projects that boost local economies, foster innovation, and strengthen their overall business infrastructure.

    ###

    MIL OSI USA News –

  • Data Users Conference in Hyderabad highlights India’s investment and informal sector trends

    Source: Government of India

    Source: Government of India (4)

    The National Statistics Office (NSO), under the Ministry of Statistics and Programme Implementation (MoSPI), held a Data Users Conference at the Indian School of Business (ISB) in Hyderabad on May 27. The conference focused on bridging the gap between data producers and users through discussions on the ASUSE 2023–24 and the Forward-Looking Private Sector CAPEX Investment Intentions Survey.

    More than 200 participants from academia, policy, industry, and international organizations joined the discussions. MoSPI Secretary Dr. Saurabh Garg highlighted innovations like the monthly PLFS release, the CAPEX survey, and a revamped data portal, reiterating the ministry’s ‘Data for Development’ vision.

    Chief Economic Advisor Dr. V. Anantha Nageswaran emphasized the importance of granular data in policymaking and praised MoSPI’s integration of administrative datasets and AI tools. ISB Dean Prof. Madan M. Pillutla and NSS DG Ms. Geeta Singh Rathore underscored the significance of collaboration, capacity-building, and data accessibility.

    Technical sessions explored ASUSE’s new sampling design, the policy relevance of CAPEX data, and its value for MSMEs. A panel discussion highlighted capital formation trends, the role of households in GFCF, and the need for better access to microdata and stronger state-level systems.

    Key takeaways included expanding ASUSE profiling, aligning CAPEX data with Vision 2047 goals, tracking MUDRA’s impact, and integrating renewable energy investment intentions into future surveys.

    The conference reaffirmed the collective commitment to advancing data-driven governance in India.

  • MIL-OSI Asia-Pac: DGCA visits Beijing (with photos)

    Source: Hong Kong Government special administrative region

    DGCA visits Beijing  
    Mr Liu called on the Administrator of the CAAC, Mr Song Zhiyong, and expressed his gratitude for the CAAC’s staunch support to the aviation industry of Hong Kong throughout the years. He also briefed Mr Song on the latest civil aviation developments in Hong Kong to further enhance co-operation. Mr Liu also met with Deputy Administrator of the CAAC Mr Han Jun and representatives from the relevant bureaux, to discuss how to establish closer ties in the areas including civil aviation development, aviation safety and technical co-operation.
     
    During the visit, the Civil Aviation Department (CAD) signed a Letter of Intent on Strengthening Technical Exchanges and Collaboration in Civil Aviation Safety Oversight, and a Cooperation Arrangement on Strengthening Civil Aviation Science and Technology with the CAAC and the China Academy of Civil Aviation Science and Technology (CAST) under the CAAC respectively.
     
    In addition, witnessed by Mr Liu and Mr Han, the Hong Kong International Aviation Academy and the Civil Aviation Flight University of China signed a framework agreement to foster co-operation in cadet pilot training. Both flying training organisations were granted with the CAD 509 approval.
     
    Mr Liu also met with the Director General of the ATMB of the CAAC, Mr Miao Xuan, to exchange views on further strengthening co-operation in air traffic management, thereby enhancing the operational efficiency of the aviation industry in the Guangdong-Hong Kong-Macao Greater Bay Area. Mr Liu welcomed the participation of the ATMB in Airspace Asia Pacific 2025 to be held in Hong Kong this December, showcasing the innovative technologies used in Mainland air traffic management.  
     
    Mr Liu took the opportunity to visit the Third Civil Aviation Science and Education Innovation Achievement Exhibition and the CAST Aviation Safety Experimental Base to learn about the achievements in innovative technologies and development trends in the Mainland aviation industry.
     
    Accompanying Mr Liu to Beijing was the Assistant Director-General of Civil Aviation (Air Services and Safety Management), Mr Raymond Ng; the Assistant Director-General of Civil Aviation (Air Traffic Management), Mr Hui Man-ho; and the Assistant Director-General of Civil Aviation (Airport Standards), Mr Samuel Ng.
     
    Mr Liu will return to Hong Kong tomorrow (May 28).
    Issued at HKT 18:40

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Remarks at question and answer session of Working Group on Promoting Silver Economy press conference (with photos)

    Source: Hong Kong Government special administrative region

    Remarks at question and answer session of Working Group on Promoting Silver Economy press conference Issued at HKT 20:40

    The Deputy Chief Secretary for Administration, Mr Cheuk Wing-hing, held a press conference today (May 27) on measures to be implemented by the Working Group on Promoting Silver Economy together with the Secretary for Commerce and Economic Development, Mr Algernon Yau; the Under Secretary for Financial Services and the Treasury, Mr Joseph Chan; the Under Secretary for Labour and Welfare, Mr Ho Kai-ming; and the Under Secretary for Innovation, Technology and Industry, Ms Lillian Cheong. Following are Mr Cheuk’s remarks at the question and answer session:

    Reporter: Some English questions. First, because you mentioned that the Government will encourage post-50s to rejoin the labour market, do you have a target of how many more people above 50 will be rejoining the workforce, and what kinds of jobs or industries should attract the most of these people? And the second question, given the current economic situation of Hong Kong, how do you expect these measures to contribute to the economy and the GDP? And when will you review your measures? Thank you.

    Deputy Chief Secretary for Administration: I take your questions briefly, and then I see if other colleagues may have anything to supplement. On the possible addition to the labour force, in 2024, the labour participation rate of Hong Kong people above the age of 60 is about 23.7 per cent, while the overall – if you take the whole Hong Kong workforce into account – the labour participation rate is 54.7 per cent. If you look at the figure in 2025 this year, the first quarter, the figure I gave you just now was relating to people above the age of 60, which could go up to as high as 70-something, 80-something. But if you zoom in on the age bracket of 60 to 69, the labour participation rate in the first quarter of 2025 is 38.8 per cent. If you look at the overall labour participation rate and the labour participation rate of this age bracket, it will give you a differential of about 16 per cent. Theoretically, that is the number that we can go for.

    Your second question is about how our measures would contribute to GDP growth. I mentioned this in the reply to an earlier question. I think instead of setting a KPI, which actually is not appropriate for this kind of programme, which involves implementation by many outside parties, and the result of which is rather beyond the control of the administration, I think it is more realistic or instructional to look at what we are talking about in terms of what the magnitude of the silver economy is. Worldwide, the practice to measure silver economy is to look at the consumption of the elderly. In 2024, the elderly spending of people aged 60 and above amounted to $342 billion, and in 10 years’ time, it is predicted to grow to $496 billion, that is the kind of magnitude of silver spending. If we can achieve a 5 per cent growth a year, say if we just take the first year as an illustration, that would amount to $17 billion, which is quite substantial.

    (Please also refer to the Chinese portion of the remarks.)

    Ends/Tuesday, May 27, 2025
    Issued at HKT 20:40

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: CSB and departments hold career talks in Mainland universities (with photos)

    Source: Hong Kong Government special administrative region

    CSB and departments hold career talks in Mainland universities Issued at HKT 19:24

    The Civil Service Bureau (CSB), together with representatives from the Civil Aviation Department, the Home Affairs Department and the Digital Policy Office are visiting Guangzhou and Wuhan to conduct career talks at Sun Yat-sen University, Jinan University, Wuhan University and Huazhong University of Science and Technology for four consecutive days starting today (May 27), to provide Hong Kong students studying on the Mainland with information on various positions in the Hong Kong Special Administrative Region (HKSAR) Government.

    Speaking at the talk at Sun Yat-sen University today, the Director of General Grades of the CSB, Mr Hermes Chan, said that since 2023, the CSB of the HKSAR Government has been sending delegations to a number of universities and local offices of the HKSAR on the Mainland to introduce the diverse job opportunities offered by the HKSAR Government to Hong Kong students and Hong Kong people residing on the Mainland. In May last year, the CSB held career talks together with various departments for the first time at several universities in Guangdong and Fujian. The briefings are effective, as shown by the continuous increase in the number of applications for civil service positions from Hong Kong students graduating from Mainland universities. He encouraged Hong Kong students with aspirations to serve the community to equip themselves early to join the civil service.

    The career talks covered information related to Student Air Traffic Control Officer, Liaison Officer Grade, Analyst/Programmer Grade, Computer Operator Grade, Executive Officer Grade, and other general grades. Information booths, mock skills tests and mock interview sessions were also provided on-site to allow students to experience the recruitment process.

    For information on matters related to civil service recruitment, job vacancies and the latest examination arrangements, please visit the CSB website: www.csb.gov.hk/english/recruit/7.html.

    Ends/Tuesday, May 27, 2025
    Issued at HKT 19:24

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Farewell Remarks by CFTC Commissioner Christy Goldsmith Romero: The Future of Financial Services Regulation

    Source: US Commodity Futures Trading Commission

    Remarks as Prepared for Delivery 
    Thank you to Brookings for inviting me to give my farewell remarks as I depart from the Commission and retire from 23 years of federal service.  For the last time, I will give the disclaimer that my views are my own as a Commissioner and do not necessarily reflect the views of the Commission or my fellow Commissioners.
    I have been reflecting on my public service under four Presidents and today I am feeling nostalgic.  I have had such a good run.  I want to express my gratitude to so many.  First and foremost, I’m grateful to my wife and children.  I am grateful to President Biden and President Obama for believing and trusting in me with three Presidential nominations.  I’m grateful to those Senators in both parties who have actively supported me and unanimously confirmed me twice.  I am grateful to the leaders with which I have had the privilege to serve, including my fellow Commissioners.  I am also grateful to all my staff, the hundreds of people who have worked for me and put their trust in my leadership.
    Never could I have planned or envisioned such a meaningful and fulfilling career.  All I knew was that I was following my passion to make a difference in our financial system.  I have always wanted our financial system to serve everyone, not just powerful interests.  And along the way, I learned from each of the leaders I worked for—my SEC enforcement leaders, SEC Chairs Chris Cox and Mary Schapiro, and at Treasury, Neil Barofsky, the first Special Inspector General for TARP (or SIGTARP) before me.
    Never could I have imagined that my work would get the notice of President Obama who appointed me as the SIGTARP in 2012.  I can share that it was entirely daunting to be a 41-year-old career staffer sitting on the same Senate Banking confirmation panel with Jay Powell.  Of course, that meant that I did not get many questions.
    But don’t worry.  Senate Banking would make up for that this past summer when I got two plus hours of questions in my confirmation hearing for FDIC Chair.
    At SIGTARP, I was forged by fire, as were all of us who worked to strengthen the financial system in the wake of the 2008 financial crisis.  Former FDIC Chair Sheila Bair supported me for FDIC Chair this summer drawing on the work that we did during the financial crisis.  Last year, I was at Treasury and ran into former Secretary Paulson who remembered me and said, “Those were the days.  Look at what we did for the economy.”
    SIGTARP is also where I honed my leadership of white-collar law enforcement.  We worked closely with DOJ to bring justice and accountability to just about every major Wall Street financial institution and 465 criminal defendants.  This includes 76 bankers who courts sentenced to prison for crisis-related crimes.
    I continue to feel tremendous affection and gratitude to all those who served at SIGTARP as I learned invaluable lessons about how to lead an organization. SIGTARP is where I found my voice and the courage to speak truth to power.  It was a necessity when testifying before Congress and meeting with Treasury Secretaries, the Federal Reserve Chair, the FDIC Chair, and Attorneys General.
    As SIGTARP was winding down, I was fortunate to be contacted by several Senators and President Biden’s White House about a possible next appointment.  Various financial regulators were discussed.
    I raised the possibility of the CFTC.  First, I had always enjoyed being a market regulator.  Second, I was interested in climate-related financial issues, and the Chairman had sponsored a climate report and was speaking a lot on climate issues.  Third, the CFTC was the only regulator of cryptocurrency trading, and I had been teaching cryptocurrency regulation at two law schools.  As a Commissioner, I was pleased to prioritize all three of these areas, broadening crypto out to technology, as I sponsored the Technology Advisory Committee.
    The accomplishment that I am most proud about in my tenure is that derivatives markets worked well, that they remained resilient, vibrant, and had integrity.  Since my testimony at my CFTC confirmation hearing in 2022, I have always said that ensuring that markets worked well would be my highest priority.  This was so critical because the markets the CFTC regulates tie directly to the economy. That tie is something that I have had the privilege to see firsthand.  What incredible experiences I have had to get out of Washington and go on agriculture tours and energy tours, to meet with people who are feeding and fueling our world. To truly understand the way markets work, you have to engage with those who rely on the markets and who need them the most.
    I’m also proud of the Technology Advisory Committee for its work on future of finance issues.  I’m grateful to the Committee members who we picked because they are well regarded experts in cryptocurrency, stablecoins, blockchain, AI, cyber, and Fintech, and who come from all different viewpoints.  We held public forums, and the Committee issued two landmark reports, the first on Decentralized Finance, and the second on Responsible AI in Financial Markets.
    As I contemplate the future of financial services regulation, my thoughts keep returning to an area that I speak a lot about—promoting market resilience.  Resilience is defined as the ability to bounce back quickly from setbacks.  U.S. markets and global markets have and will continue to experience periods of volatility and stress.
    I arrived at the Commission in early 2022, in a time of geopolitical uncertainty.  The economy was recovering from the pandemic, suffering supply chain disruption, and oil and gas markets were at record-high levels of volatility and prices after the start of Russia’s war with Ukraine.
    Fortunately, what I found was that the post-crisis reforms through the Dodd Frank Act, other regulations, and regulatory supervision, have built up resilience.  As a result, our markets have withstood significant stress and volatility, including last month.  Our economy has been better for it.
    As the current Administration pursues a deregulatory agenda in the name of growth, care should be taken not to remove the load-bearing resilience built into markets—resilience that has resulted in financial stability and protected our economy. Regulators should not have to sacrifice growth for financial stability.  These are not mutually exclusive goals.  Regulators should promote both.  Growth is important for markets.  Growth requires a regulatory environment where markets are financially stable and resilient during times of volatility, uncertainty, and stress.
    I am concerned about big swings between more regulation and deregulation with each change of party in the White House.  This leads to uncertainty in markets.  It would be better for our markets and financial system if regulators could follow a steady, consistent path.  That would create the foundation for a resilient, stable, and vibrant financial system and economy.
    It’s a really tough challenge—one that requires independent regulators engaging with each other on a bipartisan basis and engaging with many stakeholders who use and need U.S. markets.  I plan to continue to share my voice, and I will always be rooting for the CFTC.  After all, you can take the girl out of public service.  But you can’t take public service out of the girl.

    MIL OSI USA News –

  • MIL-OSI: BitMart Research—The Rise of USD1 and the GENIUS Act: Trump’s Push to Reshape the Stablecoin Market

    Source: GlobeNewswire (MIL-OSI)

    Mahe, Seychelles, May 27, 2025 (GLOBE NEWSWIRE) — BitMart Research, the research arm of BitMart Exchange, has released a comprehensive report examining a pivotal moment in the evolution of digital finance. As the U.S. accelerates efforts to regulate the stablecoin ecosystem through the groundbreaking GENIUS Act, the launch of USD1—a fully fiat-backed stablecoin associated with former President Donald Trump’s family—signals a major shift in both regulatory alignment and market power. This in-depth analysis explores the legal, financial, and political implications of the GENIUS Act and USD1’s rapid ascent, highlighting their combined potential to redefine the stablecoin landscape and solidify U.S. dominance in the global digital asset economy.

    Preface

    Since the collapse of TerraUSD (UST) in 2022, the market share of algorithmic stablecoins has continued to decline. As an algorithmic stablecoin, UST was not backed by any fiat currency or assets but relied solely on an algorithmic mechanism to maintain its peg to the U.S. dollar. Once confidence collapsed and the mechanism failed, a chain reaction ensued in the market. In contrast, fiat-backed stablecoins—such as USDT, USDC, and USD1—which are supported by highly liquid assets like U.S. dollars and Treasury bonds, have gradually become the mainstream. However, even these stablecoins continue to face scrutiny regarding their regulatory compliance and transparency. To address these challenges, the United States has recently accelerated the advancement of the GENIUS Act, aiming to establish a comprehensive regulatory framework for the stablecoin market.

    1. GENIUS Act

    Significance of the GENIUS Act to the Crypto Market

    The GENIUS Act plays a pivotal role in the regulation of the crypto market, particularly in the realm of stablecoins. Its core provisions include restrictions on issuance eligibility, reserve requirements, compliance obligations, user protection, and international applicability. The Act clearly stipulates that stablecoins must be fully backed by an equivalent amount of highly liquid assets, ensuring that users can redeem their holdings at any time. To protect token holders, the assets of an issuer must be prioritized for user repayment in the event of bankruptcy.

    Moreover, issuers must strictly comply with anti-money laundering (AML) and counter-terrorism financing (CFT) requirements to prevent the misuse of stablecoins for illicit purposes. Overall, while the GENIUS Act enhances regulatory oversight and protects user rights, it also raises the entry bar for stablecoin issuers in the short term. Existing issuers will be required to restructure their asset reserves, disclosure practices, and internal systems, which may entail significant costs and operational complexity.

    Key Provisions of the GENIUS Act

    1. Licensing and Regulatory Framework

    The Act permits only three types of entities to issue payment stablecoins:

    • Subsidiaries of banks or credit unions
    • Non-bank financial institutions approved by federal regulators (e.g., institutions regulated by the OCC)
    • State-licensed issuers that meet federal “substantive equivalence” standards

    The Act adopts a dual regulatory system:

    • Issuers with a market cap over $10 billion must be subject to federal oversight
    • Smaller issuers may be regulated at the state level, provided they meet federal baseline requirements

    2. Reserve and Asset Segregation Requirements

    All stablecoins must be backed by 100% reserves and can only use highly liquid assets, such as:

    • Cash and demand deposits
    • Short-term U.S. Treasury securities (≤ 93 days)
    • Short-term repurchase agreements (≤ 7 days, under central bank oversight)
    • Central bank reserves

    Customer assets must be strictly segregated from operating funds, cannot be re-pledged, and may only be temporarily pledged for short-term liquidity purposes.

    3. Transparency, Auditing, and Accountability Mechanisms

    Issuers are required to disclose reserve asset compositions monthly and undergo audits by certified public accounting firms.Regulators will also establish standards for capital adequacy, liquidity, and risk management.

    • Issuers with a market cap over $50 billion will face stricter audit and compliance standards
    • CEOs and CFOs must sign monthly compliance certifications
    • False statements may lead to criminal liability

    4. AML and National Security Compliance

    Stablecoin issuers are classified as financial institutions under the Bank Secrecy Act and must implement AML and sanctions compliance programs, including:

    • Transaction monitoring
    • Risk assessments
    • Filing of suspicious activity reports

    5. Restrictions on Foreign Issuers and Big Tech

    Foreign stablecoin issuers that fail to comply with U.S.-equivalent standards will be prohibited from operating in the U.S.Large technology companies (e.g., Meta, Amazon) must meet stringent financial compliance, user privacy, and fair competition requirements to prevent monopolistic behavior and systemic risks.

    6. Consumer Protection and Bankruptcy Priority

    Stablecoin holders will have priority claims on issuer assets in the event of bankruptcy.To avoid conflicts of interest, the Act prohibits members of Congress and senior executive officials from participating in stablecoin issuance during their term in office.

    7. Legal Classification and Regulatory Clarity

    The Act explicitly states that payment stablecoins are not classified as securities or commodities, thus excluding them from SEC and CFTC jurisdiction. This provides legal clarity and prevents overlapping regulation.

    Legislative Progress

    As of May 22, the GENIUS Act passed a motion to proceed to debate with 69 votes in favor and 31 against, entering the amendment phase. With the House and Senate rapidly advancing their respective versions of stablecoin legislation and a rare bipartisan consensus on crypto regulation, the Act is widely expected to complete the legislative process by Q4 2024.

    1. Introduction to USD1

    Background of USD1

    USD1 is a U.S. dollar-pegged stablecoin launched in March 2025 by World Liberty Financial Inc. (WLFI), a DeFi platform controlled by members of former U.S. President Donald Trump’s family. Each USD1 token is designed to maintain a 1:1 peg to the U.S. dollar and is fully backed by reserves consisting of short-term U.S. Treasury securities, U.S. dollar deposits, and cash equivalents.

    The project emphasizes regulatory compliance and transparency, with reserve assets regularly audited by a third-party accounting firm and custodied by BitGo, a leading digital asset custody provider. The project’s key figures include Zach Witkoff, co-founder of WLFI, and Eric Trump, Donald Trump’s son, who also serves as WLFI’s head.

    Current Status of USD1

    As Bitcoin recently broke its all-time high and interest in USD1 surged, ecosystem partners associated with the USD1 network have gained significant market attention. Tokens from partnered projects—such as Buildon, Lista DAO, StakeStone, Haedal, and Cookie—have experienced sharp price increases, fueling enthusiasm around the “WLFI + USD1” narrative.

    As of mid-May 2025, USD1’s market capitalization surpassed $2.1 billion, making it the seventh-largest stablecoin. Since its launch in March, USD1 has rapidly expanded across Ethereum, BNB Chain, and more recently, the Tron network.However, according to official statements from WLFI, USD1 is primarily targeted at institutional users. Its most notable real-world application to date is its selection by MGX, an Abu Dhabi-based investment firm, as the official stablecoin for a $2 billion investment into Binance, marking USD1’s first major institutional use case.

    USD1 Ecosystem Partnerships

    BUILDon

    BUILDon is a meme token representing the cultural mascot of the BSC (BNB Smart Chain) builder community. On May 17, the project officially announced the addition of a USD1 trading pair, and has since actively engaged with WLFI on social media. On May 22, WLFI publicly disclosed the purchase of BUILDon’s native token B, triggering a price surge of over 450%.

    StakeStone

    On May 9, StakeStone announced a partnership with WLFI to provide omnichain liquidity infrastructure and cross-chain staking yield services for USD1 users. On May 22, following Binance’s listing of USD1, StakeStone’s native token STO rose over 20% in a single day.

    Lista

    On May 7, Lista DAO announced a strategic partnership with WLFI. The Lista ecosystem plans to add USD1 to its treasury, introduce a USD1/lisUSD LP pair, and support USD1 as CDP collateral. On May 22, following the Binance listing news, Lista’s token price jumped 37.9% in one day.

    In addition to these core partners, USD1 is now supported across various DeFi protocols including Venus Protocol, Aster, Meson Finance, and Falcon Finance, enabling its use for trading, collateralization, and liquidity provisioning.

    On the custody and liquidity side, BitGo is responsible for holding the reserve assets, while BitGo Prime offers institutional-grade liquidity and trading services. DWF Labs has deployed several DeFi liquidity pools for USD1 and has committed $25 million in WLFI token purchases to support the ecosystem.For wallets and consumer applications, USD1 has been integrated into platforms like TokenPocket, HOT Wallet, Pundi X, and Umy, enabling its use in payments, hotel bookings, and merchant settlements within various Web3 scenarios.

    Comparison Between USD1 and Competitors

    Mechanically, USD1 shares many similarities with leading stablecoins such as USDT and USDC. It follows a 1:1 reserve model, backed primarily by U.S. Treasury securities, cash, and other highly liquid assets, with third-party custody and periodic audits to ensure transparency and regulatory compliance.What sets USD1 apart is its unique political brand value. Backed by the Trump family through WLFI, USD1 has experienced exceptionally rapid early-stage growth, most notably being selected as the official stablecoin for MGX’s $2 billion investment in Binance. This momentum is largely driven by the Trump family’s public influence and political capital, which has bolstered confidence in the stablecoin’s credibility and regulatory soundness.

    However, it’s worth noting that the previously launched $TRUMP meme coin, also associated with the Trump name, experienced significant price volatility, raising concerns about its stability and long-term value. This historical context may impact investor confidence in USD1—especially when considering the broader political dynamics that can influence sentiment and risk in the crypto market.

    1. Future Outlook

    The GENIUS Act is not merely a regulatory framework for stablecoins—it represents a broader strategic initiative by the United States to strengthen the international dominance of the digital dollar. By promoting the issuance of compliant, USD-pegged stablecoins, attracting global capital inflows into U.S. Treasury assets, and imposing stricter controls on foreign issuers, the Act aims to enhance both the security and stability of the overall crypto market while mitigating the risk of incidents like the TerraUSD collapse.

    Against this backdrop, highly compliant stablecoin projects are well-positioned to gain greater market recognition. For instance, USD1, with its strong political and institutional backing, may benefit significantly as the GENIUS Act moves forward. Its ecosystem partners and integrations could play an increasingly important role in the future digital asset landscape.

    About BitMart

    BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,700+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. New users can register here to unlock an $8,000+ welcome bonus.

    Risk Warning:

    The information provided is for reference only and should not be considered a recommendation to buy, sell or hold any financial asset. All information is provided in good faith. However, we make no representations or warranties, express or implied, as to the accuracy, adequacy, validity, reliability, availability or completeness of such information.

    All cryptocurrency investments (including returns) are highly speculative in nature and involve significant risk of loss. Past, hypothetical or simulated performance is not necessarily indicative of future results. The value of digital currencies may rise or fall, and there may be significant risks in buying, selling, holding or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial situation and risk tolerance. BitMart does not provide any investment, legal or tax advice.

    The MIL Network –

  • MIL-OSI USA: Cantwell Joins Entire WA Delegation in Letter Urging President Trump to Reconsider Denial of WA State’s Request for a Disaster Declaration for November “Bomb Cyclone”

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell
    05.27.25
    WSU Prof Joins Cantwell & Leading Scientists to Highlight Devastating Impacts of Slashing Funding for Science Research
    Trump Administration wants to gut National Science Foundation funding by 55%, would be the most severe reductions in agency’s history, overturn bipartisan consensus reached in CHIPS & Science Act; WSU Professor Kalyanaraman: Cuts will “directly undercut” AI precision agriculture and agriculture cybersecurity research
    WASHINGTON, D.C. – Last Tuesday, U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, was joined by Sen. Chris Van Hollen (D-MD) and a panel of prestigious scientists to decry the devastating impacts of the Trump Administration’s proposed 55% cut to the FY 2026 budget of the National Science Foundation (NSF).
    The panel included Dr. Ananth Kalyanaraman, Professor at Washington State University, and Director of the USDA NIFA-funded AI Institute on Agricultural AI for Decision Support and Workforce Development.
    “We are in an Information Age. We are in an age where there are several areas of U.S. competitiveness that depend on continued science innovation, aerospace being one of those, certainly AI being another, quantum being a third,” Sen. Cantwell said. “And all of this is being put into jeopardy by this cut.”
    Looking at the damage to our future if these cuts are implemented, the Senator continued: “In an Information Age economy, when so much innovation is available, the last thing you should be doing is having a 55 percent cut to one of your key science R&D institutions. You should be making increases, allowing a thousand flowers to bloom across these institutions, across the United States, because you never know where the next Bill Gates or the next Bill Boeing is going to be, and the innovation they’re going to drive.”
    “WSU researchers are working on cutting edge security research across the entire computing stack, spanning hardware, software systems, and the web, and applications to precision agriculture,” said Dr. Kalyanaraman. “This research integrates AI to enhance the resilience of agricultural systems against cyber threats. We are deeply concerned about the nearly $5 billion in cuts to NSF, which will directly undercut this vital work and also our nation’s ability to remain globally competitive.”
    President Trump’s FY 2026 skinny budget proposes to cut NSF’s funding by 55.8% from $8.8 billion to $3.9 billion. This is on top of $234 million in FY 2025 funding for construction projects that the Administration has frozen. The CHIPS and Science Act, which Sen. Cantwell championed through to passage, authorized dramatically increasing NSF funding to $17.8 billion in FY2026.
    Besides recklessly proposing to slash future funding, the Trump Administration has already terminated 1,752 existing NSF grants totaling more than 1.3 billion dollars according to a list of terminated grants the Foundation released today. A large percentage of these grants are for projects and programs related to STEM education and expanding access and participation in STEM fields. Earlier this month, NSF announced it would cap indirect cost reimbursements at 15 percent for all new awards to universities and nonprofit institutions, down from negotiated rates that typically range from 30 to 60 percent. That action is on pause pending a lawsuit brought in the U.S. District Court for the District of Massachusetts.
    Other participants included: Dr. Arati Prabhakar, former Director of OSTP, DARPA, and NIST and venture capitalist; Dr. France Córdova, 14th Director of the National Science Foundation, and now President of the Science Philanthropy Alliance; Dr. Dean Chang, Chief Innovation Officer and Associate Vice President for Innovation & Entrepreneurship & Economic Development at the University of Maryland; and Dr. Marvi Matos Rodriguez, Engineering Director working in the Aerospace Industry.
    Dr. Prabhakar took the lead in debunking the idea that corporate funding could in any way replace federal investment in science, stating: “It’s been a bedrock economic understanding that corporations invest in the R&D that they can see leading to products and profits, but not in the kind that evolves across many labs over many years and forms a shared foundation for whole industries and for public missions like defense.”
    “These devastating cuts to public R&D are an embarrassing retreat from American leadership that hands the reins to the People’s Republic of China,” Dr. Prabhakar added. “And I would so much rather be here today talking about achieving our great aspirations for longer and healthier lives and for AI that extends our own human talents, for lowering our cost of living with clean energy and for restoring nature, because that is the future that America is capable of creating.”
    Dr. Córdova, who strongly agreed that private funding is no substitute for the NSF, said: “I have a good handle on what industry and philanthropy can contribute, and I can tell you, as important as their contributions are to bolstering our economy, they cannot replace government funding.”
    And Dr. Córdova decried the impacts of the cuts to STEM education that the Trump funding levels would force.
    “Especially important to universities is the funding to train our STEM workforce pipeline, without which we would have no industries of the future. Industry representatives often tell me that arguably the most important investment NSF makes is in the workforce training of STEM talent,” she said.
    In April, NSF revealed that Graduate Research Fellowships awarded in 2025 would be cut in half, from 2,000 to 1,000, the smallest cohort since 2010. NSF will also significantly reduce (from 368 to 70) the number of scientists it employs through a program that enables scientists on leave from their academic positions to work with the NSF to help choose the best research to fund.
    Dr. Chang offered an eye-opening look at where our nation would be without the National Science Foundation.
    ”It’s hard to imagine a world without NSF, but this alternate world without NSF would have none of the following: No Medtronic pacemakers or insulin pumps; no ChatGPT; no Nvidia GPU chips that power ChatGPT; no Apple; no Siri; no Amazon, Alexa; no GE MRIs for medical imaging; no Teslas and actually, no smart cruise control in any car of any kind; no Da Vinci robotic surgical systems; no early quantum computers from IBM and IonQ; and no Fortnite — the video game that swept the nation a few years ago,” Dr. Chang explained.
    “NSF celebrated its 75th anniversary this month,” Dr. Chang added. “But are we willing to relinquish our nation’s 75-year head start to other countries so they become the birthplace of the next generation of Teslas and ChatGPTs, the next generation of robotic surgeons and life saving devices? Not only must NSF continue to invest in high risk, high reward research, but NSF also must continue to invest in proven ways to shorten the decades long gestation periods.”
    Dr. Matos Rodriguez talked about her personal educational and professional story of turning her love for math and science at the University of Puerto Rico into a passion for research and STEM career engineering and the role NSF played along the way.
    “My passion for research blossomed when peers introduced me to the summer programs specifically designed to develop and enhance research skills,” Dr. Matos Rodriguez said, referring to research opportunities for undergraduates funded by the NSF that took her to California to conduct research at UC Davis and IBM.  
    “The impacts of the NSF REU program were far reaching. My journey continued at Carnegie Mellon, where I did my PhD… supported by a NASA grant. After graduate school, I worked as a postdoctoral fellow at the National Institute of Standards and Technology, funded by a grant from the National Research Council,” Dr. Matos Rodriguez continued.  “Little did I know that the product of all that research was not just the science, the discoveries or the papers, the product was me. The REU program, more than 25 years ago, was the seed for the STEM professional I am today, at a time when global competitiveness is vital, it is crucial to commit to cultivating generations of STEM professionals.”
    In the National Science Foundation for the Future Title in CHIPS and Science Act, Congress specifically called for broader participation of populations underrepresented in STEM and authorized $13 billion over five years for the NSF to allocate to STEM education. The United States can’t compete with China and others in science and innovation if we cannot close a gap in the STEM workforce that could be as large as 3 million people nationwide by 2030.

    MIL OSI USA News –