Category: Technology

  • MIL-OSI: Grasping Solana’s bull market target of $6,000, GoldenMining launches cloud staking contracts

    Source: GlobeNewswire (MIL-OSI)

    London, England, July 22, 2025 (GLOBE NEWSWIRE) — As the volatility of the crypto market intensifies, many investors are hesitant about their positions: should they clear their positions or reduce their positions? Or look for a more stable investment method. GoldenMining launches Solana cloud staking contracts to help investors easily realize asset appreciation.

    Solana’s technology and ecology are constantly improving, and the market is generally optimistic about its future growth potential, with a target price of around $6,000. The network activity and total locked value have grown steadily, showing strong momentum.

    Solana uses a staking mechanism to support network security, and coin holders receive rewards through staking. After users purchase GoldenMining contracts, the platform manages the staking on their behalf, and the income is settled daily, without user operation, safe and stable.

    Mining Solana: Popular Contract Recommendations

    contract Investment Amount Contract Rewards Total income
    VOLCMINER D1 Lite $15 $0.6 $15.6
    Elphapex DG1+ $100 $3 $106
    Bitmain S23 Hyd $500 $32.5 $532.5
    AntminerL916GH $1000   $135 $1135
    L917GH $3000  $621 $3621
    ElphaPex DG Hydro1 $5000 $1400 $6400
    Elphapex DG2 – 25-Day  $8000 $2900 $10900
    Elphapex DG2+ – 30-Day $15000 $6750 $21750

    A brief introduction: What is Solana staking contract

    In actual operation, Solana’s staking is different from traditional “mining”. It is to participate in network consensus and obtain rewards by entrusting the SOL held to the verification node. In order to lower the technical threshold, GoldenMining has contracted this process and launched the Solana cloud staking contract. Users do not need to build nodes or configure wallets. After purchasing the contract, the platform will complete the staking on their behalf. The income is distributed daily and the process is transparent

    How to participate in the Solana cloud staking contract

    Visit the GoldenMining official website, complete the registration and activate the account. The system will automatically issue a $15 trial fund. You can try the SOL contract directly without recharging, and experience the income and platform operation first.

    Flexible and convenient multi-currency recharge: The platform supports the recharge and withdrawal of multiple mainstream cryptocurrencies such as Solana (SOL), Bitcoin (BTC), Ethereum (ETH), XRP, Dogecoin (DOGE), etc., with simple operation and fast arrival, meeting the usage habits and capital needs of different users.

    Choose a contract

    According to the funds and needs, choose a suitable Solana staking contract, you can start the cloud miner, and the platform will automatically convert the funds and stake Solana on your behalf. After the contract is signed, the system will automatically settle the income into the account every day, and the income can be generated within 24 hours without manual operation by the user.

    Daily income

    After the contract is activated, the user will receive stable income every day, without manual operation, and support withdrawal or reinvestment at any time.

    The user’s funds are safely stored in a first-tier bank, and all users’ personal information is protected by SSL encryption. The platform provides insurance for each investment, which is underwritten by AIG Insurance Company to ensure the safety of users’ funds

    Looking forward to the future, win-win cooperation

    With the continuous maturity of blockchain technology and Solana ecology, staking has become an important means of asset appreciation. GoldenMining keeps pace with the development of the industry and is committed to providing investors with safe and convenient staking services. Through professional management and continuous optimization, the platform helps users to obtain stable income and effectively reduce the risks brought by market fluctuations. In the future, GoldenMining will continue to pay attention to market trends, improve the service system, and help investors seize Solana’s growth opportunities and achieve steady wealth improvement.

    For more information, please visit the official website: www.Goldenmining.com
    For business cooperation, please contact the official email: info@Goldenmining.com

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    The MIL Network

  • MIL-OSI: Micron Launches Space-Qualified Portfolio to Power Mission-Critical Data for Aerospace Innovation

    Source: GlobeNewswire (MIL-OSI)

    BOISE, Idaho, July 22, 2025 (GLOBE NEWSWIRE) — Micron Technology, Inc. (Nasdaq: MU), the only-U.S. based memory manufacturer, announced today that it is launching the industry’s highest-density, radiation-tolerant single-layer cell (SLC) NAND product. With a die capacity of 256 gigabits (Gb), this product is the first in a portfolio that will include space-qualified NAND, NOR and DRAM solutions. The product is available now and represents the first in its class to be offered by any major memory manufacturer.

    The space economy is skyrocketing, fueled by rapid growth in commercial and government missions. As computing and AI evolve, demand is rising for high-performance technology capable of processing data directly in orbit. AI-enabled edge computing is transforming space operations: allowing spacecraft to analyze sensor data, detect anomalies and make decisions autonomously, reducing reliance on Earth-based systems and preserving bandwidth.

    “Micron’s radiation-tolerant memory is essential for storing and processing data as we push the boundaries of computing in space,” said Kris Baxter, corporate vice president and general manager of Micron’s Automotive and Embedded Business Unit. “As AI expands in space operations — from autonomous navigation to real-time analysis — Micron is increasing our focus on delivering solutions that enable the resilience and intelligence needed for next-gen aerospace missions.”

    A Media Snippet accompanying this announcement is available by clicking on this link.

    Micron SLC NAND: Tested for space’s extreme environment and ready for launch 

    Spaceborne technologies must withstand harsh environmental conditions to deliver successful mission results. These challenges include extreme temperatures, shock and vibration, vacuum pressure, and radiation exposure from solar energetic particles and galactic cosmic rays.

    To verify its radiation-tolerant NAND can meet customers’ requirements, Micron arranges:

    • Extended quality and performance testing, aligned with NASA’s PEM-INST-001 Level 2 flow, which subjects components to a yearlong screening, including extreme temperature cycling, defect inspections and 590 hours of dynamic burn-in to enable spaceflight reliability.
    • Radiation characterization for total ionizing dose (TID) testing, aligned with U.S. military standard MIL-STD-883 TM1019 condition D, which measures the cumulative amount of gamma radiation that a product can absorb in a standard operating environment in orbit and remain functional, a measurement that is critical in determining mission life cycle.
    • Radiation characterization for single event effects (SEE) testing, aligned with the American Society for Testing Materials flow ASTM F1192 and the Joint Electronic Device Engineering Council (JEDEC) standard JESD57. SEE testing evaluates the impact of high-energy particles on semiconductors and verifies that components can operate safely and reliably in harsh radiation environments, reducing the risk of mission failure. This profiling information enables space engineers and architects to design in a way that mitigates the risk and disruption to the mission.

    Micron in action: Powering Earth science research for NASA’s Jet Propulsion Laboratory

    With its DNA in the industrial and automotive markets, Micron has deep expertise in ruggedizing embedded memory and storage for operations at the edge — from factory automation to intelligent vehicles.

    While this is its first officially space-qualified product, Micron’s NAND flash is already flying on missions through collaborations and customer testing.

    One key partner, Mercury Systems, uses Micron memory in its solid-state data recorders (SSDRs) — equipment that captures and stores vast amounts of scientific and engineering data critical for missions. These SSDRs are currently aboard NASA’s Earth Surface Mineral Dust Source Investigation (EMIT), an imaging spectrometer built by NASA’s Jet Propulsion Laboratory and launched to the International Space Station in 2022. The spectrometer’s original mission was to gather data on the world’s arid regions, mapping the composition of mineral dust to better understand the effects on Earth and human populations. EMIT’s spectroscopic data has also proven useful for studying such varied topics as water resources, rare earth elements and agriculture.

    “Modern space systems are capturing higher volumes of more complex data, demanding solutions that provide vastly more capacity in compact packages — all while operating reliably in space’s high-radiation environment for many years,” said Vincent Pribble, principal product manager at Mercury Systems. “At the heart of Mercury’s data recorders, Micron’s flash memory has proven to be highly reliable in orbit — helping us enable groundbreaking missions and scientific research that is expanding our understanding of our planet and beyond.”

    With EMIT capturing 100,000 spectra per second, Micron’s high-density, radiation-tolerant memory provides reliable, long-term data storage and processing vital for mission success.

    Micron’s strategy: Expanding aerospace industry support with end-to-end supply chain 

    As the only U.S.-based memory manufacturer, Micron provides the end-to-end supply chain control paramount for aerospace and government sectors, providing quality, longevity, security, traceability and supply continuity. This advantage is bolstered by recently announced plans to strengthen Micron’s U.S.-based manufacturing. These plans include modernizing the company’s Manassas, Virginia, facility and expanding its portfolio of NOR, SLC NAND and DDR3, with longevity supply of DDR4 and LPDDR4 for critical applications such as aerospace.

    Leveraging Micron’s decades of experience in customer engineering labs that enable collaboration, the company is extending its capabilities to support the rapidly growing aerospace industry by building specialized regional customer labs and technical support and architecture teams. Micron is also optimizing a manufacturing process for aerospace solutions, enabling quality — from precision engineering to raw wafer selection to compliance — and addressing critical challenges faced by space platform developers.

    Building on its newly launched aerospace portfolio, Micron plans to introduce additional space-qualified memory and storage solutions in the coming year and beyond to address the evolving demands of next-generation space missions.

    Additional resources:

    About Micron Technology, Inc.
    Micron Technology, Inc. is an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

    © 2025 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

    Micron Product and Technology Communications Contact:
    Mengxi Liu Evensen
    +1 (408) 444-2276
    productandtechnology@micron.com

    Micron Investor Relations Contact
    Satya Kumar
    +1 (408) 450-6199
    satyakumar@micron.com    

    The MIL Network

  • MIL-OSI: Fortinet Advances Quantum-Safe Security to Guard against Emerging Quantum Threats

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., July 22, 2025 (GLOBE NEWSWIRE) —

    News Summary
    Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced expanded innovations within its unified operating system, FortiOS, that protect against quantum-computing threats to current encryption standards. The latest FortiOS capabilities help organizations with highly sensitive data deploy encryption algorithms and key distribution methods that can withstand quantum-powered attacks, stack algorithms for more robust protection, and easily transition to post-quantum security.

    “At Fortinet, we’re committed to arming customers with cutting-edge technology to protect against new and emerging threats. As quantum computing advances, organizations can trust Fortinet’s technology innovation and leadership to safeguard their critical data and future-proof their infrastructures,” said Michael Xie, Founder, President, and Chief Technology Officer at Fortinet. “Many enterprises are eager to take action to protect their networks from quantum-powered threats. That’s why we’ve made cutting-edge, quantum-safe features available today for FortiGate NGFW and Fortinet Secure SD-WAN customers, so they can confidently transition to post-quantum security.”

    Organizations Handling Sensitive Information Need Quantum-Safe Encryption Now
    Quantum computers can perform complex calculations at unprecedented speeds and can easily break current encryption standards. Cybercriminals are already storing encrypted traffic to decrypt in the future, with a particular focus on industries that handle highly sensitive data that remains relevant over long periods, such as telecommunications, financial services, government, and healthcare.

    • FortiOS: ready for the post-quantum world
      With FortiOS 7.6, organizations, such as those using FortiGate next-generation firewall (NGFW) and Fortinet Secure SD-WAN, can now leverage built-in quantum-safe features designed to defend against emerging threats, including harvest-now, decrypt-later (HNDL) attacks. These capabilities help secure network traffic, simplify deployment, and support a smooth transition to post-quantum security. Customers have access to the following quantum-safe features at no additional cost: Post-quantum cryptography (PQC) methods, including National Institute of Standards and Technology (NIST)-approved algorithms like ML-KEM and emerging algorithms like BIKE, HQC, and Frodo.
    • Quantum key distribution (QKD), leveraging quantum mechanics to enable the secure exchange of encryption keys, ensures that any eavesdropping attempts are detectable. Fortinet introduced support for QKD integrations starting with FortiOS 7.4, enabling interoperability with leading QKD vendors via standardized interfaces. This capability underscores Fortinet’s proactive approach to quantum-resilient network security by integrating quantum-safe key exchange mechanisms into its NGFW architecture.
    • Algorithm stacking, which combines multiple cryptographic algorithms to create a more resilient solution and enhance network infrastructure security.
    • A hybrid mode for gradual transition to post-quantum security that enables seamless integration of traditional public-key cryptography and QKD.
    • An enhanced user interface that simplifies the configuration and management of quantum-safe settings so that network administrators can implement quantum-safe security easily.

    Proven Innovation You Can Trust
    Fortinet was founded on the principle of converging networking and security through a single operating system. This unique approach enables Fortinet to deploy cutting-edge updates, such as quantum-safe innovations, across its unified operating system, helping customers future-proof their security postures.

    Additional Resources

    About Fortinet
    Fortinet (Nasdaq: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere our customers need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including Computer Emergency Response Teams (“CERTS”), government entities, and academia, is a fundamental aspect of Fortinet’s commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.

    Copyright © 2025 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAIOps, FortiAgent, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiCNP, FortiConnect, FortiController, FortiConverter, FortiCSPM, FortiCWP, FortiDAST, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiDLP, FortiEdge, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFlex FortiFone, FortiGSLB, FortiGuest, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMonitor, FortiNAC, FortiNDR, FortiPAM, FortiPenTest, FortiPhish, FortiPoint, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiScanner, FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSRA, FortiStack, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM, FortiXDR and Lacework FortiCNAPP. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.

    The MIL Network

  • MIL-OSI: Cequence Security Launches AI Gateway, Safely Enabling Enterprises to Realize the Promise of Agentic AI Productivity

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., July 22, 2025 (GLOBE NEWSWIRE) — Cequence Security, a pioneer in application security, today unveiled the Cequence AI Gateway, a powerful new solution enabling enterprises to take full advantage of the productivity gains promised by agentic AI. Bridging the gap between AI agents and enterprise applications, the AI Gateway enables instant connectivity with the guardrails enterprises need to stay in control.

    Enterprises, eager to embrace the power of artificial intelligence (AI), have lacked the tools needed to do so safely and efficiently at scale. For CISOs and security-first engineering leaders, the rush to expose applications to agentic AI is outpacing guardrails such as those outlined by the EU AI Act and Anthropic’s ASL. CIOs are understandably concerned about the opportunity cost incurred by having to up-skill needed developers. At the same time, they want a solution that accelerates ROI by avoiding insecure, one-off prototypes in favor of a scalable, enterprise-grade solution.

    Cequence AI Gateway is that missing layer, instantly connecting AI agents to enterprise applications and APIs using emerging standards like the Model Context Protocol (MCP) while enforcing real-time policies that prevent abuse, protect data, and ensure AI acts within bounds.

    “The race to adopt agentic AI in enterprises is well underway, but the foundation to support it is immature,” said Ameya Talwalkar, CEO and co-founder of Cequence Security. “This has left organizations backed into a corner, connecting AI agents to critical systems without sufficient security, oversight, or context. With the combination of our Unified API Protection platform and the new AI Gateway, Cequence delivers both sides of the equation: open, seamless access for AI agents, and the enterprise-grade security, governance, and visibility that leaders need to trust this next wave of automation.”

    The Cequence AI Gateway Advantage:

    • Your AI Easy Button – AI Gateway converts any API into an MCP-compatible endpoint, enabling agentic AI access to any internal, external, or SaaS application in minutes, without coding. Avoids time and costs associated with up-skilling, coding, QA, integration, hosting, and ongoing management. No need to update your solution when new protocol versions emerge, as the AI Gateway handles this for you.
    • End-to-End Authentication and Authorization – OAuth 2.0 IdP support ensures appropriate identity-based access to systems and data, preventing unauthorized AI agent access. Existing solutions lack seamless integration with enterprise IdPs.
    • Monitoring and Visibility of AI Interactions – Real-time visibility into AI-API traffic with full audit logging enables detailed tracking of agent and user behavior, what applications are being accessed, and which API calls are being made via agents.
    • Enterprise-Ready – Unlike alternatives, Cequence is designed for the enterprise, offering a SaaS solution with continuous environment monitoring and discrete pre-prod/prod modes. Integrates with existing infrastructure without disruption.

    Today, the Cequence Unified API Protection (UAP) platform is used by a broad spectrum of the world’s largest organizations to monitor and secure their applications and APIs. The combination of AI Gateway and UAP allows Cequence customers to stop agent-fueled attacks, fraud, and abuse such as the high-profile incidents recently publicized in the news.

    “Cequence doesn’t just secure applications and APIs. They enable entirely new business models, said Amir Sarhangi, CEO and co-founder of Skyfire. “The AI Gateway is critical infrastructure that brings agentic AI into the real world by making secure, compliant access to enterprise APIs scalable and seamless. Cequence is a trusted partner because they know how to protect real time interactions without slowing innovation. Together, we’re helping organizations move forward with confidence.”

    Early adopters have been quick to recognize AI Gateway value. “We were trying to enable a complex, customer-facing agentic application experience, a process we thought would take months,” said an early enterprise customer. “With Cequence AI Gateway, we went from ‘stalled’ to ‘operational’ in under 48 hours. Now, customers can ask natural language questions and get real-time answers, reducing costly support interactions. It solves a real business problem faster and more safely than we thought possible.”

    “This launch is a natural evolution of our Unified API Protection platform,” said Shreyans Mehta, CTO and co-founder at Cequence Security. “We’ve engineered the AI Gateway to transform any application or API into an MCP-compatible endpoint, with real-time enforcement policies baked in. It’s built to meet developers where they are, while giving security teams the control they need. It’s not just about enabling agentic AI; it’s about enabling it responsibly at scale.”

    Mehta added: “Building this requires deep knowledge of how APIs are structured, used, and abused at scale. That’s why Cequence is uniquely positioned to enable the next generation of intelligence automation responsibly.”

    Enabling agentic AI starts at the API layer, and that’s where Cequence leads. Cequence was built to solve difficult API security challenges in real time, at scale. While others are still trying to figure out how to safely expose APIs to agentic AI, Cequence brings years of enterprise experience to a problem that demands security-first thinking.

    It’s designed by the same team that protects over 10 billion API interactions daily, and is built to handle the performance, governance, and authentication challenges unique to this new era of AI automation.

    Availability

    • Cequence AI Gateway: August 2025
    • Deployment formats: SaaS and Helm chart

    Additional Resources

    About Cequence Security
    Cequence is a pioneer in API security and bot management, making the applications and APIs that organizations depend on AI-ready while protecting them from attacks, business logic abuse, and fraud. Our unique solutions unlock the promise of agentic AI productivity while providing real-time security against increasingly subtle and sophisticated threats. Cequence delivers value in minutes rather than days or weeks with a highly scalable, no-code, no-risk approach. Trusted by the largest and most demanding private and public sector organizations, Cequence protects more than 10 billion daily API interactions and 4 billion user accounts. To learn more, visit www.cequence.ai.

    Media Contact
    Katrina Porter
    press@cequence.ai

    The MIL Network

  • MIL-OSI: ASAPP Expands GenerativeAgent with Powerful New Features to Advance AI for Contact Centers

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 22, 2025 (GLOBE NEWSWIRE) — ASAPP, the leading provider of AI-powered contact center software, today announced it has expanded GenerativeAgent, which offers ASAPP’s fully conversational Generative AI voice and chat agent, with powerful new features to advance accuracy, control, and trust in AI-automated conversations. By combining the scale and speed of automation with the precision, safety, and oversight required in real-world customer conversations, ASAPP is empowering contact centers to deploy customer-facing AI agents with confidence and at scale.

    “Forward-thinking organizations recognize the potential of AI automation in contact centers, but are hesitant to extend those capabilities to customers with concerns for safety, security, and ensuring AI agents behave as intended,” said Devidas Desai, senior vice president of product management at ASAPP. “ASAPP is committed to delivering the highest level of precision and trust in AI-automated customer conversations. These new capabilities from GenerativeAgent equip customer experience (CX) leaders with the tools to safely and confidently scale automation and the ability to monitor, control, and continuously improve how AI agents perform over time.”

    GenerativeAgent is a platform built from the ground up to handle complex, multi-turn conversations with enterprise-grade performance, safety, and control. Integrating with a company’s historical customer data, it autonomously and safely resolves complex customer service interactions and supports a wide variety of APIs, native CCaas and CRM integrations, and advanced authentications, enabling fast deployment and instant value creation. New GenerativeAgent features include:

    • Human-in-the-Loop Agent (HILA) with Approver Mode: Enables faster resolutions and better outcomes by allowing human experts to review and approve AI responses in real-time or asynchronously, fine-tuning and improving accuracy and agent learning over time.
    • Conversation Monitoring and Fine Tuning: Achieve full visibility into AI interactions with intuitive tools to flag anomalies, track patterns, and enforce compliance with customizable guardrails for quality assurance at scale.
    • Testing and Simulation: Safely test AI behavior in simulated environments to release updates into production with confidence, increasing control, transparency, and trust in automated interactions.

    “ASAPP found in its user research that agents want to include logic behind their thinking in case the decision is ever questioned. That human expert’s rationale is tacit knowledge that, once captured, will allow the brand to advance customer service automation far beyond current levels.” (Forrester, Tacit Knowledge Will Power The AI-Led Contact Center, January 23, 2025)

    These new features from ASAPP build on a momentous year of growth for the company, including the appointment of Priya Vijayarajendran as CEO and Devidas Desai as senior vice president of product management. The company’s customer experience was also recognized by Forrester as a notable vendor in its The Conversation Intelligence Solutions for Contact Centers Landscape, Q1 2025 report and as a leader in The Forrester Wave™: Digital Customer Interaction Solutions, Q2 2024 report.

    Click here to learn more about new features from GenerativeAgent.

    Helpful links

    About ASAPP
    ASAPP is an artificial intelligence solution provider committed to solving the toughest problems in customer service. Our flagship product, GenerativeAgent, is a platform built from the ground up to handle complex, multi-turn conversations with enterprise-grade performance, safety, and control. Because we automate what was previously impossible to automate, our AI-native solutions deliver more than efficiency gains. They redefine the role of AI in the contact center and lay the groundwork for businesses to reimagine their customer experience delivery for the age of AI. Leading enterprises rely on ASAPP’s generative and agentic AI solutions to dramatically expand contact center capacity and transform their contact centers from cost centers into value drivers. To learn more about ASAPP, visit www.asapp.com.

    Media Contact
    Amy McDowell
    Offleash PR for ASAPP
    asapp@offleashpr.com

    Forrester does not endorse any company, product, brand, or service included in its research publications and does not advise any person to select the products or services of any company or brand based on the ratings included in such publications. Information is based on the best available resources. Opinions reflect judgment at the time and are subject to change. For more information, read about Forrester’s objectivity here.

    The MIL Network

  • MIL-OSI: Blue Mantis Expands Federal IT Services Portfolio Under GSA Contract

    Source: GlobeNewswire (MIL-OSI)

    PORTSMOUTH, N.H., July 22, 2025 (GLOBE NEWSWIRE) — Blue Mantis, a leading provider of digital strategy and services specializing in managed services, cybersecurity, and cloud solutions, today announced its expanded service offerings under the U.S. General Services Administration (GSA) Multiple Award Schedule (MAS), specifically under Special Item Number (SIN) 54151S for Information Technology Professional Services.

    This award enables Blue Mantis to deliver a broad range of IT services to federal, state and local agencies, including cybersecurity architecture, enterprise network engineering, technical support, compliance and governance consulting. The SIN 54151S designation affirms Blue Mantis’ qualifications to support complex public sector IT initiatives with scalable, secure, and standards-aligned solutions.

    Delivering Expertise Across the Federal IT Landscape
    With over 30 years of experience supporting public sector and enterprise clients, Blue Mantis brings deep technical expertise and a collaborative, outcome-driven approach to every engagement. Services available under SIN 54151S include:

    • Cybersecurity Architecture & Risk Management: Design and implementation of secure IT environments aligned with NIST, SOC 2, and ISO 9001:2015 standards.
    • Enterprise Network & Infrastructure Engineering: Scalable solutions for network modernization, virtualization, and cloud integration.
    • Technical Support & Operations: Responsive, high-quality support services tailored to agency-specific operational environments.
    • Compliance & Governance Consulting: Advisory services to ensure alignment with federal acquisition regulations and evolving cybersecurity mandates.

    A Trusted Partner for Federal Agencies
    “Being awarded a GSA contract is a significant milestone that reflects our commitment to delivering secure, innovative, and mission-critical IT services to federal, state and local governments,” said Josh Dinneen, CEO of Blue Mantis. “We look forward to helping agencies modernize their infrastructure, strengthen their cybersecurity posture, and achieve measurable outcomes.”

    Contract Highlights:

    • Nationwide Availability: Streamlined professional services procurement for federal agencies through the GSA MAS program.
    • Tailored Engagements: Flexible service delivery models to support projects of all sizes and complexities.
    • Proven Track Record: A history of successful engagements across federal, state, and local government sectors.

    For more information about Blue Mantis’ GSA award, visit www.bluemantis.com.

    About Blue Mantis
    Blue Mantis is a security-first IT solutions and services provider with a 30+ year history of successfully helping clients achieve business modernization by applying next-generation technologies including managed services, cybersecurity, cloud and collaboration. Headquartered in Portsmouth, New Hampshire, with offices in Charlestown, Massachusetts, the company provides digital technology services and strategic guidance to ensure clients quickly adapt and grow through automation and innovation. Blue Mantis partners with more than 1,500 leading mid-market and enterprise organizations in a multitude of vertical industries and is backed by leading private equity firm, Recognize. For more information, please visit www.bluemantis.com.

    Inquiries:
    David Knox
    Director of Public Sector
    Blue Mantis
    david.knox@bluemantis.com
    (781) 987-2013

    The MIL Network

  • MIL-OSI: Ambiq Launches Two New Edge AI Runtime Solutions

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, July 22, 2025 (GLOBE NEWSWIRE) — Ambiq Micro, Inc. (“Ambiq”), a technology leader in ultra-low-power semiconductor solutions for edge AI, today unveils HeliosRT (Runtime) and HeliosAOT (Ahead-of-Time), two new edge AI runtime solutions optimized for the Ambiq Apollo Systems-on-Chip (SoCs) family. These developer tools are designed to significantly enhance the performance and energy efficiency of AI models for the unique demands of edge computing environments.

    Addressing Critical Edge AI Challenges

    As AI workloads increasingly migrate to edge devices, developers face growing pressure to deliver high performance within strict power budgets. Traditional AI frameworks often struggle in ultra-low-power scenarios, making it difficult to deploy sophisticated AI models in battery-powered devices, such as wearables, hearables, IoT sensors, and industrial monitors.

    Ambiq’s new runtime solutions expand its growing portfolio of developer-centric tools, designed to help engineers unlock the full potential of Apollo SoCs. HeliosRT and HeliosAOT offer flexible, high-performance deployment options for edge AI across a wide range of applications, from digital health and smart homes to industrial automation and beyond.

    HeliosRT: Power-Optimized LiteRT

    HeliosRT is a performance-enhanced implementation of LiteRT (formerly TensorFlow Lite for Microcontrollers) that is tailored for energy-constrained environments. Fully compatible with existing TensorFlow workflows, HeliosRT introduces key improvements:

    • Custom AI kernels optimized for Apollo510’s vector acceleration hardware
    • Improved numeric support for audio and speech processing models
    • Up to 3x gains in inference speed and power efficiency over standard LiteRT implementations

    HeliosAOT: Compiling LiteRT to Optimized C Code

    HeliosAOT introduces a ground-up, ahead-of-time compiler that transforms TensorFlow Lite models directly into embedded C code for edge AI deployment. This innovative approach offers runtime-level, or better, performance with additional benefits:

    • 15–50% reduction in memory footprint versus traditional runtime-based deployments
    • Granular memory control, enabling per-layer weight distribution across Apollo’s memory hierarchy
    • Streamlined deployment, with direct integration of generated C code into embedded applications
    • Greater flexibility for resource-constrained systems

    “The intersection of developer experience and power efficiency is our north star,” said Carlos Morales, VP of AI at Ambiq. “HeliosRT and HeliosAOT are designed to integrate seamlessly with existing AI development pipelines while delivering the performance and efficiency gains that edge applications demand. We believe this is a major step forward in making sophisticated AI truly ubiquitous.”

    Powered by SPOT® and Real-World Success

    Both Helios solutions are built on Ambiq’s patented Sub-threshold Power Optimized Technology (SPOT), which is the foundation behind over 270 million devices deployed worldwide. Leveraging years of hardware-software co-design, these tools deliver measurable performance gains and streamlined deployment for developers targeting the edge.

    Availability

    • HeliosRT is available now in beta via the neuralSPOT SDK, with general release expected in Q3 2025
    • HeliosAOT is currently available as a technical preview for select partners, with wider availability planned for Q4 2025

    Both solutions are supported with robust documentation, ready-to-use examples, and dedicated engineering assistance for Ambiq customers.

    About Ambiq

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

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5265c973-0202-4e66-b9df-47fff71759ea

    The MIL Network

  • MIL-OSI: AAS MINER launches free BTC cloud mining platform, one-stop mining of DOGE and XRP, real-time withdrawal of income

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, California, July 22, 2025 (GLOBE NEWSWIRE) —

    Join AAS MINER’s free BTC mining cloud mining platform(www.aas8.com)—claim your $10 welcome bonus, leverage AI-powered hashrate allocation across BTC, DOGE & XRP, and withdraw earnings instantly with zero fees.The principal and returns are 100% guaranteed, with a daily yield of 1.88%-5.20%, and cash can be withdrawn at any time 365 days a year.AAS MINER removes the high cost and complexity of traditional rigs by launching a zero-cost cloud mining platform for BTC mining, with one-click support for DOGE and XRP. Get started in minutes using a $10 free trial, AI-driven strategies, and real-time withdrawals—no hardware required.Key Advantages

    Zero Upfront Cost & Quick Start

    $10 welcome bonus on signup—no deposit needed

    Plug-and-play dashboard to launch BTC, DOGE, or XRP mining instantly

    AI-Driven Hashrate Allocation

    Smart algorithm monitors network difficulty and prices

    Automatically rebalances hashrate across BTC, DOGE, and XRP for optimal returns

    Guaranteed, Competitive Returns
    Pick the plan that aligns with your goals:

    Starter Plan (1.88% daily returns)

    Growth Plan (2.98% daily returns)

    Premium Plan (5.20% daily returns)

    AAS Miner AI cloud computing contract revenue example diagram (visualization)

    Contract Price Contract Duration Daily Earnings Total Revenue
    $100 2Days $5 $100 + $10
    $500 3Days $9.4 $500 + $28.2
    $1,000 5Days $19.8 $1,000 + $99
    $3,000 10Days $62.4 $3,000 + $624
    $5000 15Days $109 $5,000 + $1,635
    $10,000 30Days $228 $10,000 + $6,840
    $30,000 60Days $774 $30,000 + $46,440

    100% capital protection via insurance and reserve funds

    Real-Time Monitoring & Instant Withdrawals

    Live analytics on hashrate, coin earnings, and total profits

    Withdraw any balance at any time—no fees, no minimums

    Enterprise-Grade Security

    Multi-signature cold wallets and SSL/DDoS protection

    Global data centers ensuring 99.9% uptimeHow to get started

    Sign up with your email at www.aas8.com in one click.

    Get your $10 welcome bonus

    Get free mining income in BTC, DOGE, or XRP instantly.

    Choose an AI-driven strategy

    Choose conservative BTC, balanced DOGE, aggressive XRP, or let AI automatically rotate to maximize your ROI.

    AAS MINER’s cloud mining platform makes BTC mining convenient, affordable, and automated. With AI-driven multi-chain strategies, $10 trial bonuses, and instant cash-out capabilities, anyone can start earning reliable daily income right away.

    Sign up at www.aas8.com now to start a smarter mining journey!

    Official Website: https://aas8.com
    Official App Download Link: https://aas8.com/xml/index.html#/app  

    Disclaimer: The information provided in this press release is for reference only and does not constitute an investment invitation, financial advice, or trade recommendation. Cryptocurrency mining and staking involve risks and may result in financial losses. We strongly recommend conducting thorough due diligence and consulting professional financial advisors before engaging in cryptocurrency or securities investments and trades.

    Attachment

    The MIL Network

  • MIL-OSI: Varonis Heads to Black Hat USA 2025, DEF CON, and BSides

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, July 22, 2025 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS) is heading to Las Vegas this August for the cybersecurity world’s summer camp — Black Hat USA 2025, DEF CON, and BSides. Varonis will be on the ground sharing insights from our elite Varonis Threat Labs team, showcasing how to secure data from threats across multi-cloud environments, and connecting with the community that’s shaping the future of cyber defense.

    Varonis Highlights at Black Hat USA 2025:

    Meet Varonis at booth #2751. Varonis proudly returns to Black Hat USA 2025 as a Platinum Plus Sponsor and Sustaining Partner. Learn how Varonis’ cloud-native Data Security Platform enables organizations to reduce risk to data in the age of AI. Hear how Varonis identifies and mitigates threats across IaaS and SaaS, safeguards sensitive data, and supports customers with Managed Data Detection and Response, the industry’s only service dedicated to preventing attacks on data.

    Play the first Snowflake GOAT. Can you trace the attacker’s steps and stop a breach from becoming a data avalanche? Check out our capture-the-flag challenge online and at our booth for your chance to top the leaderboard and pick up the coolest swag at Black Hat!

    Play today: https://www.varonis.com/frostbyte

    Expert Session — Navigating the Identity Crisis: Why Authentication Keeps Failing.  Join Varonis’ Mark Vaitsman to explore how attackers continue to compromise authentication and steal identities. Learn how to recognize the signs of post-authentication compromise, identify detection and response gaps, and harden security beyond MFA.

    Date: Wednesday, August 6 at 10:50 a.m.
    Location: Business Hall Theater D

    Varonis Highlights at BSides Las Vegas:

    Expert Session — Rusty Pearls: Postgres RCE on Cloud Databases. Join Varonis Threat Labs experts as they unpack a critical Remote Code Execution vulnerability affecting cloud-hosted databases. Learn how they discovered this flaw and transformed it into a powerful exploit. They’ll share detection strategies, defense techniques, and more.

    Date: Tuesday, August 5 at 10:30 a.m.
    Location: Florentine A

    Varonis Highlights at DEF CON Las Vegas:

    Workshop — SnowGoat: Exposing Hidden Security Risks and Leaking Data Like a Threat Actor. Join senior security researchers Lior Adar and Chen Levy Ben Aroy for an interactive workshop on identifying hidden configuration risks in Snowflake. This intermediate session offers hands-on experience with vulnerable and misconfigured environments.

    Date: Friday, August 8 at 9:00 a.m.
    Location: Las Vegas Convention Center – L2 – Workshops

    Expert Session — Rusty Pearls: Postgres RCE on Cloud Databases. Join Varonis Threat Labs experts as they unpack a critical Remote Code Execution vulnerability affecting cloud-hosted databases. Learn how they discovered this flaw and transformed it into a powerful exploit. They’ll share detection strategies, defense techniques, and more.

    Date: Friday, August 8 at 5:30 p.m.
    Location: Las Vegas Convention Center – L1 – EHW3 – Track 1

    Additional Resources

    About Varonis
    Varonis (Nasdaq: VRNS) is a leader in data security, fighting a different battle than conventional cybersecurity companies. Our cloud-native Data Security Platform continuously discovers and classifies critical data, removes exposures, and detects advanced threats with AI-powered automation.

    Thousands of organizations worldwide trust Varonis to defend their data wherever it lives — across SaaS, IaaS, and hybrid cloud environments. Customers use Varonis to automate a wide range of security outcomes, including data security posture management (DSPM), data classification, data access governance (DAG), data detection and response (DDR), data loss prevention (DLP), AI security, identity protection, and insider risk management.

    Varonis protects data first, not last. Learn more at www.varonis.com

    Investor Relations Contact:
    Tim Perz
    Varonis Systems, Inc.
    646-640-2112
    investors@varonis.com

    News Media Contact:
    Rachel Hunt
    Varonis Systems, Inc.
    877-292-8767 (ext. 1598)
    pr@varonis.com

    The MIL Network

  • MIL-OSI: Enjoy BTC and DOGE income every day! Siton Mining opens a new era of zero-threshold cloud mining

    Source: GlobeNewswire (MIL-OSI)

    New York City, NY, July 22, 2025 (GLOBE NEWSWIRE) — With the passage of the GENIUS Act, crypto assets are accelerating their integration into the global financial system. Mainstream currencies such as BTC, ETH, DOGE, and XRP have become the core assets of decentralized finance. However, traditional mining still daunts many ordinary users due to high equipment investment, technical barriers, and energy consumption costs.

    Siton Mining is rewriting this landscape. As the world’s leading compliant cloud mining platform, Siton Mining has officially launched a new mobile app to bring a truly “zero threshold mining” experience to global users. Users can access Siton Mining’s global green mining network with just one click on their smartphones, and easily start the road to passive income from crypto assets.

    Start your mining journey easily:
    1Visit sitonmining.com, register an account, and immediately receive a $10-$100 random reward for new users
    2Choose a suitable cloud computing power contract and customize your investment strategy
    3After the contract is activated, the system automatically starts mining, and the income is credited daily
    4Supports more than 9 cryptocurrency settlements: including USDT (TRC20/ERC20), BTC, ETH, XRP, DOGE, LTC, BCH, BNB, SOL, USDC, etc.
    5Withdraw at any time when you reach $100, or choose to reinvest to continuously amplify your income
    Denominated in US dollars to avoid market volatility risks
    All contracts are priced in US dollars. The system automatically converts the BTC, ETH, DOGE and other currencies invested by users according to the real-time exchange rate to help users lock in value and significantly reduce potential losses caused by currency price fluctuations.

    Why choose Siton Mining?
    Siton Mining is the world’s leading green cloud computing platform, creating stable income for more than 9 million users. Its core advantages include:

    Global green mines, creating a sustainable mining model
    Siton Mining has deployed green energy mines in Northern Europe, Canada, Russia and other places, all of which are driven by renewable energy such as hydropower and wind power to ensure high energy consumption ratio and promote the standardized development of environmentally friendly mining.

    Military-grade security protection to ensure worry-free assets
    The platform’s EV SSL encryption technology protects user accounts and data assets around the clock. At the same time, it uses an AI intelligent risk control system to monitor potential risk behaviors in real time and comprehensively prevent hacker attacks and abnormal operations.

    The future of digital assets starts with Siton Mining
    In the current uncertain global economic environment, Siton Mining provides users with a stable, secure and sustainable channel for the appreciation of encrypted assets. Whether you are a digital currency novice or a senior investor, you can start the road to stable passive income with just a mobile phone.

    Join Siton Mining now and let your mobile phone become your digital wealth portal!
    Official website: https://sitonmining.com
    Email: info@sitonmining.com

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    The MIL Network

  • MIL-OSI: Draganfly Secures Strategic Military Order for Commander 3XL UAV Systems

    Source: GlobeNewswire (MIL-OSI)

    Tampa Bay, Florida, July 22, 2025 (GLOBE NEWSWIRE) — Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) (“Draganfly” or the “Company”), an award-winning developer of drone solutions and systems developer, today announced the sale of Commander 3XL Unmanned Aerial Vehicle (UAV) systems to a globally recognized defense contractor specializing in persistent surveillance technologies for military operations.

    A trusted partner to U.S. and allied defense forces for decades, the client is one of the world’s leading providers of persistent surveillance platforms. Its systems are deployed across key Department of Defense (DoD) and allied installations, delivering reliable, persistent intelligence, surveillance, and reconnaissance (ISR) capabilities.

    The Commander 3XL’s modular payload architecture, extended endurance, and AI-enabled mission control make it an ideal asset for military-grade surveillance programs. The systems will support perimeter security, early warning, and real-time situational awareness, operating seamlessly alongside and integrated with persistent platforms and ground-based command centers.

    “This sale marks a significant milestone for Draganfly as we expand our presence in the defense sector,” said Cameron Chell, CEO of Draganfly. “We are honored that the Commander 3XL has been chosen for integration into one of the world’s most advanced and enduring persistent surveillance platforms. This integration enhances capabilities for military and border surveillance systems, providing greater reach and effectiveness.”

    This purchase further underscores the Commander 3XL’s versatility in both static and dynamic ISR environments, enabling defense clients to adapt swiftly to evolving threat landscapes.

    About Draganfly

    Draganfly Inc. (NASDAQ: DPRO; CSE: DPRO; FSE: 3U8A) is a leader in cutting-edge drone solutions and software that are transforming industries and serving stakeholders globally. Recognized for innovation and excellence for over 25 years, Draganfly delivers award-winning technology to the public safety, agriculture, industrial inspection, security, mapping, and surveying markets. The Company is driven by passion, ingenuity, and a mission to provide efficient solutions and first-class services to customers worldwide, saving time, money, and lives.

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

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

    Company Contact
    Cameron Chell
    Chief Executive Officer
    (306) 955-9907
    info@draganfly.com

    This release contains certain “forward looking statements” and certain “forward-looking ‎‎‎‎information” as ‎‎‎‎defined under applicable securities laws. Forward-looking statements ‎‎‎‎and information can ‎‎‎‎generally be identified by the use of forward-looking terminology such as ‎‎‎‎‎“may”, “will”, “expect”, “intend”, ‎‎‎‎‎“estimate”, “anticipate”, “believe”, “continue”, “plans” or similar ‎‎‎‎terminology. Forward-looking statements ‎‎‎‎and information are based on forecasts of future ‎‎‎‎results, estimates of amounts not yet determinable and ‎‎‎‎assumptions that, while believed by ‎‎‎‎management to be reasonable, are inherently subject to significant ‎‎‎‎business, economic and ‎‎‎‎competitive uncertainties and contingencies. Forward-looking statements ‎‎‎‎include, but are not ‎‎‎‎limited to, statements with respect to the Commander 3XL’s modular payload architecture, extended endurance, and AI-enabled mission control make it an ideal asset for military-grade surveillance programs as well as that the systems will support perimeter security, early warning, and real-time situational awareness, operating seamlessly alongside persistent platforms and ground-based command centers. Forward-‎‎‎‎looking statements and information are subject to various ‎known ‎‎and unknown risks and ‎‎‎‎‎uncertainties, many of which are beyond the ability of the Company to ‎control or ‎‎predict, that ‎‎‎‎may cause ‎the Company’s actual results, performance or achievements to be ‎materially ‎‎different ‎‎‎‎from those ‎expressed or implied thereby, and are developed based on assumptions ‎about ‎‎such ‎‎‎‎risks, uncertainties ‎and other factors set out here in, including but not limited to: the potential ‎‎‎‎‎‎‎impact of epidemics, ‎pandemics or other public health crises, including the ‎COVID-19 pandemic, on the Company’s business, operations and financial ‎‎‎‎condition; the ‎‎‎successful integration of ‎technology; the inherent risks involved in the general ‎‎‎‎securities markets; ‎‎‎uncertainties relating to the ‎availability and costs of financing needed in the ‎‎‎‎future; the inherent ‎‎‎uncertainty of cost estimates; the ‎potential for unexpected costs and ‎‎‎‎expenses, currency ‎‎‎fluctuations; regulatory restrictions; and liability, ‎competition, loss of key ‎‎‎‎employees and other related risks ‎‎‎and uncertainties disclosed under the ‎heading “Risk Factors“ ‎‎‎‎in the Company’s most recent filings filed ‎‎‎with securities regulators in Canada on ‎the SEDAR ‎‎‎‎website at www.sedar.com and with the United States Securities and Exchange Commission (the “SEC”) on EDGAR through the SEC’s website at www.sec.gov. The Company undertakes ‎‎‎no obligation to update forward-‎looking ‎‎‎‎information except as required by applicable law. Such forward-‎‎‎looking information represents ‎‎‎‎‎managements’ best judgment based on information currently available. ‎‎‎No forward-looking ‎‎‎‎statement ‎can be guaranteed and actual future results may vary materially. ‎‎‎Accordingly, readers ‎‎‎‎are advised not to ‎place undue reliance on forward-looking statements or ‎‎‎information.

    The MIL Network

  • MIL-OSI Africa: Sowing the seeds of digital agriculture in Ethiopia

    Source: APO


    .

    Ethiopia’s agricultural sector is going digital, with new tools offering ways to boost productivity and improve market access. In Addis Ababa, sector leaders and stakeholders explore practical steps for building a more resilient, tech-enabled farming system.

    With traditional farming still widespread and digital tools often out of reach for rural communities, a symposium held in Addis Ababa, Ethiopia, set out to address challenges in productivity, market access, infrastructure and digital literacy. Smallholder farmers, women, youth and others who are frequently excluded from innovation efforts, received particular attention.

    Organized by Orbit Innovation Hub in partnership with the International Trade Centre and Trade Ethiopia, the symposium brought together stakeholders from across the agriculture and technology ecosystems. 

    Focused on real-world solutions

    The one-day programme included panel discussions, startup pitches, a documentary screening and presentations on new technologies such as AI in agriculture. The event offered a platform for exchanging ideas and exploring how digital innovation can support inclusive and sustainable agricultural growth.

    Orbit Innovation Hub, launched as the social enterprise arm of health tech company Orbit Health, is committed to developing the startup ecosystem in Ethiopia. “We started this because we didn’t want new entrepreneurs to face the same hurdles we did,” said COO Girum Habetewold. “Agriculture remains central to our economy. Modernizing it is essential for long-term growth.”

    Support from the International Trade Centre’s Netherlands Trust Fund V (NTF V) Ethiopia Tech project has been key to turning that vision into reality. Over the past three years, the programme has provided both funding and technical guidance to help Orbit standardize the symposium format, bring in international expertise and expand its reach. What began as a local idea has become a national platform with international relevance.

    Building networks and partnerships

    One of the symposium’s key strengths was the range of voices in the room. Policymakers, business leaders, researchers, funders and grassroots entrepreneurs all took part. “Everyone brought their networks,” said Kiya Girma of Trade Ethiopia. “It helped connect people who don’t usually have the chance to collaborate directly.”

    Trade Ethiopia, a B2B platform connecting local producers with global buyers, joined the organizing team for the first time this year. Their involvement highlighted the importance of linking agriculture, digital tools and export opportunities. “We support cooperatives and smallholder farmers in accessing markets,” Girma said. “Digital tools help them do that more efficiently and on better terms.”

    NTF V played a coordinating role in bringing these different actors together, drawing on its extensive experience in supporting agricultural trade and digital innovation across Ethiopia.

    Stories from the field

    The symposium also presented examples of what happens when digital tools and support systems are in place. For example, a young farmer from Woliso, who attended a SEED programme workshop, secured a bank loan and bought a tractor. His story illustrates how targeted training and financial access can bring new opportunities for youth engagement and economic mobility within the sector.

    Another example came from Kifiya Technologies, a company offering digital insurance services that help farmers manage risk and improve resilience. 

    Speakers raised important points about the need to design tools that fit local realities, invest in digital literacy, prioritize relationships with farmers, and ensure that technology is accessible, affordable and relevant to those working in remote or underserved areas. Several panelists stressed that without strong local engagement, even the most advanced tools risk being underused or misunderstood. 

    “You don’t get useful data unless you’ve built trust,” Girma said. “Technology has to work for the people using it.”

    Supporting national goals

    The symposium directly supports Ethiopia’s Digital Ethiopia 2025 strategy, which aims to unlock greater value in agriculture through digital innovation. Orbit Innovation Hub has been an active contributor to this agenda, and NTF V has served as a key partner in making that contribution possible.

    NTF V’s broader impact extends well beyond the symposium. The project helped Ethiopian agri-businesses engage in international markets, supported women-led enterprises, and increased digital access for nearly 400,000 individuals. It also brought in direct investment and improved the capacity of local support organizations, including those involved in agricultural trade.

    Looking ahead

    As the NTF V project concludes, Orbit and its partners are exploring how to sustain and scale the work that has been started. Plans are under way for future editions of the symposium and new initiatives that will support innovation in agriculture and beyond.

    “Agriculture in Ethiopia is beginning to change,” said Habetewold of Orbit Innovation Hub. “It’s a slow process, but the groundwork is being laid. Shifting from traditional practices to data-driven, tech-enabled farming will take time, especially given the scale of the sector and the realities facing smallholder farmers. But with continued investment, strong partnerships and a focus on practical outcomes, Ethiopia is taking meaningful steps toward a more resilient and inclusive farming future.” 

    The COO added that the AgriTech Stakeholders Symposium has become a clear example of how local collaboration, combined with sustained international support, can turn good ideas into action and help reshape the agricultural landscape from the ground up.

    Distributed by APO Group on behalf of International Trade Centre.

    MIL OSI Africa

  • MIL-OSI Africa: The Food and Agriculture Organization of the United Nations (FAO) hosts Digital Village twinning event in Rwanda to advance digital agriculture

    Source: APO


    .

    The Food and Agriculture Organization of the United Nations (FAO), in collaboration with Rwanda’s Ministry of Agriculture and Animal Resources (MINAGRI), hosted a Digital Village twinning event as part of the Fostering Digital Villages through Innovative Advisory and Profitable Market Services in Africa (FDiVi) project.

    The event brought together more than 130 participants, including representatives from farmer organizations, private sector partners, digital ambassadors, and officials from the Ministry of ICT and Innovation (MINICT), MINAGRI, and the Rwanda Information Society Authority (RISA). The gathering served as a platform for sharing experiences and best practices in leveraging digital technologies to enhance agricultural productivity, market access, advisory services, and access to real-time data and knowledge.

    A key highlight of the event was a Peer Learning Session, during which members from 48 farmer cooperatives shared testimonies and best practices on how digital tools have transformed their daily lives. These stories illustrated the real-world impact of digital transformation in agriculture, particularly in improving efficiency, profitability, and market connectivity.

    During a panel discussion, district authorities from Musanze, Nyanza, Ngororero, and Nyagatare reflected on the opportunities and challenges of scaling digital agriculture in rural communities. The four districts expressed their commitment to integrating the FDiVi project into local development plans and emphasized the importance of cross-district collaboration and peer learning both within Rwanda and as a model for other countries.

    FAO Representative a.i in Rwanda Nomathemba Mhlanga commended the role of digital ambassadors in guiding farmers through the digital literacy journey and underscored the need for continued support from local governments.

    “District and sector authorities must remain the bridge between policy and practice, between strategy and implementation,” she said.

    As part of the event, outstanding farmer cooperatives were recognized during an awards ceremony.  FAO provided 99 smartphones to selected farmer organizations to support access to digital tools.

    “This smartphone will transform how our cooperative accesses information, connects with markets, receives digital advisory services, and promotes our agricultural products using technology,” said Nyirabakiga Immaculéeone of the recipients.

    Through the FDiVi project, FAO continues to empower rural communities by fostering inclusive digital ecosystems that drive innovation, market integration, and improved livelihoods across Rwanda.

    FAO’s FDiVi project, launched in April 2024, empowers around 150 farmer groups in Malawi, Rwanda, and Zimbabwe by using digital tools such as tablets, AI‑chatbots, and social media to enhance agricultural advisory services, improve market access, and boost rural livelihoods.

    Distributed by APO Group on behalf of Food and Agriculture Organization of the United Nations (FAO): Regional Office for Africa.

    MIL OSI Africa

  • MIL-OSI Security: USS Pearl Harbor (LSD 52) Sailors perform daily operations [Image 1 of 3]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    PACIFIC OCEAN (July 17, 2025) Retail Specialist 3rd Class Hanan Lindow, from Lakeland, Florida, finalizes sales in the ships store aboard the Harpers Ferry-class amphibious dock landing ship USS Pearl Harbor (LSD 52) in the Indo-Pacific region on July 17, 2025. Now in its 21st iteration, the Pacific Partnership series is the largest annual multinational humanitarian assistance and disaster management preparedness mission conducted in the Indo-Pacific. Pacific Partnership works collaboratively with host and partner nations to enhance region and foster new and enduring friendships in the Indo-Pacific. (U.S. Navy photo by Mass Communication Specialist Seaman Isabel Mendoza)

    Date Taken: 07.17.2025
    Date Posted: 07.22.2025 06:56
    Photo ID: 9194907
    VIRIN: 250717-N-DM179-1021
    Resolution: 2800×2000
    Size: 395.02 KB
    Location: US

    Web Views: 1
    Downloads: 0

    PUBLIC DOMAIN  

    MIL Security OSI

  • MIL-OSI Security: USS Pearl Harbor (LSD 52) Sailors perform daily operations [Image 2 of 3]

    Source: United States Navy (Logistics Group Western Pacific)

    Issued by: on


    PACIFIC OCEAN (July 17, 2025) Gunner’s Mate 2nd Class Kenneth Rettig, from Gastonia, North Carolina, left, and Senior Chief Boatswain’s Mate Jesus Hernandez, from Tulare, California, right, conduct a spot check for the M18 aboard the Harpers Ferry-class amphibious dock landing ship USS Pearl Harbor (LSD 52) in the Indo-Pacific region on July 17, 2025. Now in its 21st iteration, the Pacific Partnership series is the largest annual multinational humanitarian assistance and disaster management preparedness mission conducted in the Indo-Pacific. Pacific Partnership works collaboratively with host and partner nations to enhance region and foster new and enduring friendships in the Indo-Pacific. (U.S. Navy photo by Mass Communication Specialist Seaman Isabel Mendoza)

    Date Taken: 07.17.2025
    Date Posted: 07.22.2025 06:56
    Photo ID: 9194908
    VIRIN: 250717-N-DM179-1024
    Resolution: 2631×2105
    Size: 647.04 KB
    Location: US

    Web Views: 1
    Downloads: 0

    PUBLIC DOMAIN  

    MIL Security OSI

  • MIL-OSI: SINTX Technologies Submits FDA 510(k) for Silicon Nitride Foot & Ankle Medical Devices

    Source: GlobeNewswire (MIL-OSI)

    Advanced Material Science Meets Surgical Precision in Groundbreaking New Platform in Reconstructive Foot & Ankle Surgery Market

    SALT LAKE CITY, Utah, July 22, 2025 (GLOBE NEWSWIRE) — SINTX Technologies, Inc. (NASDAQ: SINT) (“SINTX” or the “Company”), an advanced ceramics innovator specializing in silicon nitride (Si₃N₄) for medical applications, today announced the submission of a 510(k) premarket notification to the U.S. Food and Drug Administration (FDA) for its novel silicon nitride osteotomy wedges—marking the official entry into the foot and ankle reconstruction market. These next-generation implants blend cutting-edge biomaterials science with surgical precision and are designed to elevate standards in orthopedic procedures.

    The devices are manufactured from SINTX’s proprietary medical-grade silicon nitride, a biomaterial with a proven clinical track record of over 50,000 spinal interbody fusion devices implanted since 2008. With this submission, SINTX is extending the success of Si₃N₄ beyond the spine and into the global foot and ankle fusion market, currently valued at approximately $750.5 million and which is expected to grow to $1.38 billion by 2032 according to industry research.

    Clinical Advantages of Silicon Nitride

    From a clinical standpoint, Si₃N₄ is uniquely positioned among biomaterials to solve several of the most pressing challenges in orthopedic reconstruction:

    • Pro-osteogenic: Unlike PEEK or titanium, Si₃N₄ has been shown to actively promote bone cell adhesion, proliferation, and differentiation. In vivo and in vitro studies have shown enhanced osseointegration and fusion potential due to the material’s inherent surface chemistry and nanotopography.
    • Antimicrobial Without Additives: Si₃N₄ has been shown to inhibit bacterial colonization and proliferation—including several antibiotic-resistant strains —through inherent surface chemistry without a supplemental coating. This is particularly critical in foot and ankle procedures where occurrences of hardware-related infections persist despite current best practices.
    • Radiographic Clarity: Si₃N₄ implants are intrinsically radiolucent with clearly visible boundaries on X-ray and CT scans. This facilitates precise intraoperative placement and clear post-operative evaluation of bone healing—unlike metal implants which obscure fusion assessment.

    “We believe Si₃N₄ is the ideal orthopedic biomaterial for fusion procedures where infection risk, healing rate, and long-term stability are paramount,” said Eric Olson, CEO of SINTX Technologies.

    Surgical Innovation: Proprietary Designs with Disposable Instrumentation

    In parallel with biomaterial excellence, SINTX has engineered proprietary implant geometries and disposable instrumentation to elevate surgical outcomes:

    • Implant Geometry: The family of wedges were developed in collaboration with leading foot and ankle surgeons to optimize for biomechanical correction, surface area contact, and ease of insertion.
    • Disposable Instrument Set: At full launch we anticipate each implant system to be paired with a sterile, single-use instrument kit to enhance maximum surgical efficiency and sterility. This potentially leads to a reduction in intraoperative delays, elimination of reprocessing errors, and a decrease in OR turnover time—benefits that hospitals and ambulatory surgery centers alike will value.

    “We’ve combined the novel clinical advantages of silicon nitride with intuitive implant designs and single-use instrumentation to deliver a truly differentiated solution,” said Lisa Marie Del Re, Chief Commercial Officer of SINTX Technologies. “This approach goes beyond innovation in material science. We’ve reimagined the surgical experience, striving to improve outcomes, enhance efficiency, and deliver stronger economic value across the care continuum.”

    Strategic Launch and Financial Outlook

    • The FDA submission is backed by over a decade of clinical and preclinical data on SINTX’s Si₃N₄ biomaterial, including peer-reviewed publications, biocompatibility studies, and documented fusion success.
    • With compelling clinical advantages and meaningful input from high-volume reconstructive surgeons, the company anticipates strong early adoption of its foot and ankle portfolio. This launch represents a key growth catalyst for SINTX, with the potential to drive meaningful revenue through broader market penetration and increasing procedural demand across both hospital and ambulatory surgery center settings.

    Delivering Value to All Stakeholders

    • For Patients: The design and material properties of our silicon nitride implants are intended to support successful bone fusion and to reduce infection risk; key considerations in recovery and long-term outcomes.
    • For Surgeons: Engineered for enhanced intraoperative visualization and ease of use, our system integrates advanced implant geometry with streamlined instrumentation to support surgical precision and procedural consistency.
    • For Providers and Stakeholders: The combination of sterile, single-use kits and differentiated biomaterial technology offers operational efficiencies and clinical distinction, positioning this platform for strong alignment with evolving value-based care models and increased procedural demand.

    “This is not just another foot fusion product line—this is a platform,” added Olson. “A platform built on a proven material, rooted in over a decade of clinical experience, and refined with thoughtful surgical design. We believe SINTX is redefining what’s possible in orthopedic advancements.”

    The implants will be manufactured at SINTX Technologies FDA audited and ISO certified manufacturing facility and distributed under the company name SiNAPTIC Surgical. SiNAPTIC was acquired by SINTX on July 1, 2025.

    For more information, visit www.sintx.com or www.sinaptic.com

    About SINTX Technologies, Inc.
    Located in Salt Lake City, Utah, SINTX Technologies is an advanced ceramics company that develops and commercializes materials, components, and technologies for medical and agribiotech applications. SINTX is a global leader in the research, development, and manufacturing of silicon nitride, and its products have been implanted in humans since 2008. Over the past several years, SINTX has utilized strategic acquisitions and alliances to enter new markets. For more information on SINTX Technologies or its materials platform, visit www.sintx.com.

    Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (“PSLRA”) that are subject to a number of risks and uncertainties. Forward-looking statements can be identified by words such as: “anticipate,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods.

    Readers are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date on which they are made and reflect management’s current estimates, projections, expectations and beliefs. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements in this press release include our anticipation that there will be strong early adoption of our foot and ankle portfolio, that the product launch will represent a key growth catalyst for SINTX, with the potential to drive meaningful revenue through broader market penetration and increasing procedural demand across both hospital and ambulatory surgery center settings. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, difficulty in commercializing ceramic technologies and development of new product opportunities. A discussion of other risks and uncertainties that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements can be found in SINTX’s Risk Factors disclosure in its Annual Report on Form 10-K, filed with the SEC on March 19, 2025, and in SINTX’s other filings with the SEC. SINTX undertakes no obligation to publicly revise or update the forward-looking statements to reflect events or circumstances that arise after the date of this report, except as required by law.

    Business and Media Inquiries for SINTX:
    SINTX Technologies, Inc.
    801.839.3502
    IR@sintx.com

    The MIL Network

  • MIL-OSI: SINTX Technologies Submits FDA 510(k) for Silicon Nitride Foot & Ankle Medical Devices

    Source: GlobeNewswire (MIL-OSI)

    Advanced Material Science Meets Surgical Precision in Groundbreaking New Platform in Reconstructive Foot & Ankle Surgery Market

    SALT LAKE CITY, Utah, July 22, 2025 (GLOBE NEWSWIRE) — SINTX Technologies, Inc. (NASDAQ: SINT) (“SINTX” or the “Company”), an advanced ceramics innovator specializing in silicon nitride (Si₃N₄) for medical applications, today announced the submission of a 510(k) premarket notification to the U.S. Food and Drug Administration (FDA) for its novel silicon nitride osteotomy wedges—marking the official entry into the foot and ankle reconstruction market. These next-generation implants blend cutting-edge biomaterials science with surgical precision and are designed to elevate standards in orthopedic procedures.

    The devices are manufactured from SINTX’s proprietary medical-grade silicon nitride, a biomaterial with a proven clinical track record of over 50,000 spinal interbody fusion devices implanted since 2008. With this submission, SINTX is extending the success of Si₃N₄ beyond the spine and into the global foot and ankle fusion market, currently valued at approximately $750.5 million and which is expected to grow to $1.38 billion by 2032 according to industry research.

    Clinical Advantages of Silicon Nitride

    From a clinical standpoint, Si₃N₄ is uniquely positioned among biomaterials to solve several of the most pressing challenges in orthopedic reconstruction:

    • Pro-osteogenic: Unlike PEEK or titanium, Si₃N₄ has been shown to actively promote bone cell adhesion, proliferation, and differentiation. In vivo and in vitro studies have shown enhanced osseointegration and fusion potential due to the material’s inherent surface chemistry and nanotopography.
    • Antimicrobial Without Additives: Si₃N₄ has been shown to inhibit bacterial colonization and proliferation—including several antibiotic-resistant strains —through inherent surface chemistry without a supplemental coating. This is particularly critical in foot and ankle procedures where occurrences of hardware-related infections persist despite current best practices.
    • Radiographic Clarity: Si₃N₄ implants are intrinsically radiolucent with clearly visible boundaries on X-ray and CT scans. This facilitates precise intraoperative placement and clear post-operative evaluation of bone healing—unlike metal implants which obscure fusion assessment.

    “We believe Si₃N₄ is the ideal orthopedic biomaterial for fusion procedures where infection risk, healing rate, and long-term stability are paramount,” said Eric Olson, CEO of SINTX Technologies.

    Surgical Innovation: Proprietary Designs with Disposable Instrumentation

    In parallel with biomaterial excellence, SINTX has engineered proprietary implant geometries and disposable instrumentation to elevate surgical outcomes:

    • Implant Geometry: The family of wedges were developed in collaboration with leading foot and ankle surgeons to optimize for biomechanical correction, surface area contact, and ease of insertion.
    • Disposable Instrument Set: At full launch we anticipate each implant system to be paired with a sterile, single-use instrument kit to enhance maximum surgical efficiency and sterility. This potentially leads to a reduction in intraoperative delays, elimination of reprocessing errors, and a decrease in OR turnover time—benefits that hospitals and ambulatory surgery centers alike will value.

    “We’ve combined the novel clinical advantages of silicon nitride with intuitive implant designs and single-use instrumentation to deliver a truly differentiated solution,” said Lisa Marie Del Re, Chief Commercial Officer of SINTX Technologies. “This approach goes beyond innovation in material science. We’ve reimagined the surgical experience, striving to improve outcomes, enhance efficiency, and deliver stronger economic value across the care continuum.”

    Strategic Launch and Financial Outlook

    • The FDA submission is backed by over a decade of clinical and preclinical data on SINTX’s Si₃N₄ biomaterial, including peer-reviewed publications, biocompatibility studies, and documented fusion success.
    • With compelling clinical advantages and meaningful input from high-volume reconstructive surgeons, the company anticipates strong early adoption of its foot and ankle portfolio. This launch represents a key growth catalyst for SINTX, with the potential to drive meaningful revenue through broader market penetration and increasing procedural demand across both hospital and ambulatory surgery center settings.

    Delivering Value to All Stakeholders

    • For Patients: The design and material properties of our silicon nitride implants are intended to support successful bone fusion and to reduce infection risk; key considerations in recovery and long-term outcomes.
    • For Surgeons: Engineered for enhanced intraoperative visualization and ease of use, our system integrates advanced implant geometry with streamlined instrumentation to support surgical precision and procedural consistency.
    • For Providers and Stakeholders: The combination of sterile, single-use kits and differentiated biomaterial technology offers operational efficiencies and clinical distinction, positioning this platform for strong alignment with evolving value-based care models and increased procedural demand.

    “This is not just another foot fusion product line—this is a platform,” added Olson. “A platform built on a proven material, rooted in over a decade of clinical experience, and refined with thoughtful surgical design. We believe SINTX is redefining what’s possible in orthopedic advancements.”

    The implants will be manufactured at SINTX Technologies FDA audited and ISO certified manufacturing facility and distributed under the company name SiNAPTIC Surgical. SiNAPTIC was acquired by SINTX on July 1, 2025.

    For more information, visit www.sintx.com or www.sinaptic.com

    About SINTX Technologies, Inc.
    Located in Salt Lake City, Utah, SINTX Technologies is an advanced ceramics company that develops and commercializes materials, components, and technologies for medical and agribiotech applications. SINTX is a global leader in the research, development, and manufacturing of silicon nitride, and its products have been implanted in humans since 2008. Over the past several years, SINTX has utilized strategic acquisitions and alliances to enter new markets. For more information on SINTX Technologies or its materials platform, visit www.sintx.com.

    Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (“PSLRA”) that are subject to a number of risks and uncertainties. Forward-looking statements can be identified by words such as: “anticipate,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods.

    Readers are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date on which they are made and reflect management’s current estimates, projections, expectations and beliefs. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements in this press release include our anticipation that there will be strong early adoption of our foot and ankle portfolio, that the product launch will represent a key growth catalyst for SINTX, with the potential to drive meaningful revenue through broader market penetration and increasing procedural demand across both hospital and ambulatory surgery center settings. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, difficulty in commercializing ceramic technologies and development of new product opportunities. A discussion of other risks and uncertainties that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements can be found in SINTX’s Risk Factors disclosure in its Annual Report on Form 10-K, filed with the SEC on March 19, 2025, and in SINTX’s other filings with the SEC. SINTX undertakes no obligation to publicly revise or update the forward-looking statements to reflect events or circumstances that arise after the date of this report, except as required by law.

    Business and Media Inquiries for SINTX:
    SINTX Technologies, Inc.
    801.839.3502
    IR@sintx.com

    The MIL Network

  • MIL-OSI: S8 Global Fintech & Regtech Fund (Luxembourg), Strategic Fintech Investor, Reports More Than 10% Ownership Position in RYVYL

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, CA, July 22, 2025 (GLOBE NEWSWIRE) — RYVYL Inc. (NASDAQ: RVYL) (“RYVYL” or the “Company”), a leading innovator of payment transaction solutions, that recently announced pivoting into strategies that may include crypto-currency custodial services, today announced that S8 Global Fintech & Regtech Fund (Luxembourg) (“S8”) recently reported to the SEC an ownership position of approximately 3.6 million shares of RYVYL common stock, or more than 10% of RYVYL’s outstanding shares of common stock, as of July 21, 2025, making it the Company’s largest stockholder.

    S8 Global Fintech & Regtech Fund, a Luxembourg-based alternative investment fund (AIF) that is registered with the CSSF (Commission de Surveillance du Secteur Financier), makes strategic investments in businesses that operate in the Fintech, Regtech, Insurtech and Data Technology industries. RYVYL announced its enhanced business plan including, among other things, crypto-currency custodial services, in a press release on June 16, 2025.

    S8’s portfolio includes companies with established operations in the UK and EU as well as payment processing tools for direct digital asset payments. RYVYL has existing operations in North America and is pursuing strategic opportunities, including plans to initiate a digital asset acquisition strategy. The Company and S8 have had initial discussions and are exploring ways to work together.

    About S8 Global Fintech & Regtech Fund (Luxembourg)

    S8 Global Fintech & Regtech Fund (Luxembourg), with full ownership of UK and EU regulated payment institutions, including My EU Pay Ltd., Cublox Ltd., and ValorPay, UAB, focuses on innovative sectors where technology transforms financial services and operations. This includes Fintech, which leverages technology to improve or automate financial services; Regtech, which applies modern tech to address regulatory and compliance challenges; Insuretech, which modernizes the creation, delivery, and management of insurance products; and Data Technology, which encompasses software tools designed to analyze, process, and extract insights from data. More information can be found here: S8 Fund

    About RYVYL

    RYVYL Inc. (NASDAQ: RVYL) was born from a passion for empowering a new way to conduct business-to-business, consumer-to-business, and peer-to-peer payment transactions around the globe. By leveraging electronic payment technology for diverse international markets, RYVYL is a leading innovator of payment transaction solutions reinventing the future of financial transactions. Since its founding as GreenBox POS in 2017 in San Diego, RYVYL has developed applications enabling an end-to-end suite of turnkey financial products with enhanced security and data privacy, world-class identity theft protection, and rapid speed to settlement. As a result, the platform can log immense volumes of immutable transactional records at the speed of the internet for first-tier partners, merchants, and consumers around the globe. www.ryvyl.com

    Cautionary Note Regarding Forward-Looking Statements

    This press release includes information that constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Company’s current beliefs, assumptions and expectations regarding future events, which in turn are based on information currently available to the Company. Such forward-looking statements include statements that are characterized by future or conditional words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate” and “continue” or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information.

    By their nature, forward-looking statements address matters that are subject to risks and uncertainties. A variety of factors could cause actual events and results to differ materially from those expressed in or contemplated by the forward-looking statements. Risk factors affecting the Company are discussed in detail in the Company’s filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

    IR Contact:
    David Barnard, Alliance Advisors Investor Relations, 415-433-3777, ryvylinvestor@allianceadvisors.com

    The MIL Network

  • MIL-OSI: S8 Global Fintech & Regtech Fund (Luxembourg), Strategic Fintech Investor, Reports More Than 10% Ownership Position in RYVYL

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, CA, July 22, 2025 (GLOBE NEWSWIRE) — RYVYL Inc. (NASDAQ: RVYL) (“RYVYL” or the “Company”), a leading innovator of payment transaction solutions, that recently announced pivoting into strategies that may include crypto-currency custodial services, today announced that S8 Global Fintech & Regtech Fund (Luxembourg) (“S8”) recently reported to the SEC an ownership position of approximately 3.6 million shares of RYVYL common stock, or more than 10% of RYVYL’s outstanding shares of common stock, as of July 21, 2025, making it the Company’s largest stockholder.

    S8 Global Fintech & Regtech Fund, a Luxembourg-based alternative investment fund (AIF) that is registered with the CSSF (Commission de Surveillance du Secteur Financier), makes strategic investments in businesses that operate in the Fintech, Regtech, Insurtech and Data Technology industries. RYVYL announced its enhanced business plan including, among other things, crypto-currency custodial services, in a press release on June 16, 2025.

    S8’s portfolio includes companies with established operations in the UK and EU as well as payment processing tools for direct digital asset payments. RYVYL has existing operations in North America and is pursuing strategic opportunities, including plans to initiate a digital asset acquisition strategy. The Company and S8 have had initial discussions and are exploring ways to work together.

    About S8 Global Fintech & Regtech Fund (Luxembourg)

    S8 Global Fintech & Regtech Fund (Luxembourg), with full ownership of UK and EU regulated payment institutions, including My EU Pay Ltd., Cublox Ltd., and ValorPay, UAB, focuses on innovative sectors where technology transforms financial services and operations. This includes Fintech, which leverages technology to improve or automate financial services; Regtech, which applies modern tech to address regulatory and compliance challenges; Insuretech, which modernizes the creation, delivery, and management of insurance products; and Data Technology, which encompasses software tools designed to analyze, process, and extract insights from data. More information can be found here: S8 Fund

    About RYVYL

    RYVYL Inc. (NASDAQ: RVYL) was born from a passion for empowering a new way to conduct business-to-business, consumer-to-business, and peer-to-peer payment transactions around the globe. By leveraging electronic payment technology for diverse international markets, RYVYL is a leading innovator of payment transaction solutions reinventing the future of financial transactions. Since its founding as GreenBox POS in 2017 in San Diego, RYVYL has developed applications enabling an end-to-end suite of turnkey financial products with enhanced security and data privacy, world-class identity theft protection, and rapid speed to settlement. As a result, the platform can log immense volumes of immutable transactional records at the speed of the internet for first-tier partners, merchants, and consumers around the globe. www.ryvyl.com

    Cautionary Note Regarding Forward-Looking Statements

    This press release includes information that constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Company’s current beliefs, assumptions and expectations regarding future events, which in turn are based on information currently available to the Company. Such forward-looking statements include statements that are characterized by future or conditional words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate” and “continue” or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information.

    By their nature, forward-looking statements address matters that are subject to risks and uncertainties. A variety of factors could cause actual events and results to differ materially from those expressed in or contemplated by the forward-looking statements. Risk factors affecting the Company are discussed in detail in the Company’s filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

    IR Contact:
    David Barnard, Alliance Advisors Investor Relations, 415-433-3777, ryvylinvestor@allianceadvisors.com

    The MIL Network

  • MIL-OSI: Bitfarms Announces Corporate Share Buyback Program

    Source: GlobeNewswire (MIL-OSI)

    This news release constitutes a “designated news release” for the purposes of the Company’s second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023.

    TORONTO, Ontario, July 22, 2025 (GLOBE NEWSWIRE) — Bitfarms Ltd. (Nasdaq/TSX: BITF) (“Bitfarms” or the “Company”), a global energy and compute infrastructure company, today announced that the Board of Directors has approved effective immediately the commencement of a corporate share buyback program. Toronto Stock Exchange (the “TSX”) has accepted the notice filed by the Company to establish a normal course issuer bid program (the “Program”).

    Under the Program, the Company is authorized to purchase up to 49,943,031 of its common shares (out of the 557,548,857 common shares outstanding as at July 14, 2025) representing up to 10% of the Company’s public float of 499,430,313 common shares, during the period starting on July 28, 2025 and ending on July 27, 2026.

    CEO Ben Gagnon stated, “We believe that Bitfarms’ shares are currently undervalued because our Bitcoin business is underappreciated by the market, with little to no value being associated with our HPC potential. This Program demonstrates our confidence in Bitfarms’ business, our management team, and most importantly our high-performance computing data center growth strategy. We strongly believe our unique and highly desirable energy portfolio in Pennsylvania will drive long-term, sustainable growth that is financeable and enables management to leverage its balance sheet strength to drive shareholder value with this buyback program while simultaneously pursuing growth opportunities in HPC/AI to best capitalize on our substantial US energy pipeline.”

    The timing, price and volume of repurchases will depend on a variety of factors including corporate liquidity requirements and priorities, as well as general market conditions, the share price, regulatory requirements and limitations, and other factors.

    Bitfarms may purchase shares, from time to time, through the facilities of the TSX and/or the Nasdaq Stock Market (the “Nasdaq”), or by such other means as may be permitted by the TSX and/or Nasdaq or under applicable law. Daily repurchases on the TSX will be limited to a maximum of 494,918 common shares, representing 25% of the average daily trading volume for the six months ended June 30, 2025 (being 1,979,673 common shares), except where purchases are made in accordance with the “block purchase exception” of the TSX rules. Purchases of common shares through the Nasdaq will be made in the normal course and will not, during the twelve-month period ending July 27, 2026 exceed, in the aggregate, 5% of the outstanding common shares as at the commencement of the Program. All shares purchased by the Company under the Program will be cancelled.

    Purchases will be made by the Company in accordance with the requirements of the TSX and/or the Nasdaq and the price which the Company will pay for any such common shares will be the market price of any such common shares at the time of acquisition, or such other price as may be permitted by the TSX and/or the Nasdaq.

    In connection with the Program, the Company has entered into an automatic repurchase arrangement with its designated broker to allow for purchases of its common shares during certain pre-determined blackout periods, based on Company instructions provided when not in blackout. Outside of these pre-determined blackout periods, any repurchases of common shares will be in accordance with management’s discretion, subject to applicable law. Although the Company has a present intention to acquire its common shares pursuant to the Program, the Company will not be obligated to make any purchases under said Program.

    About Bitfarms Ltd.
    Founded in 2017, Bitfarms is a North American energy and compute infrastructure company that develops, owns, and operates vertically integrated data centers. Bitfarms currently operates 15 data centers situated in four countries, which currently mine Bitcoin: the United States, Canada, Argentina and Paraguay.

    To learn more about Bitfarms’ events, developments, and online communities:

    www.bitfarms.com
    https://www.facebook.com/bitfarms/
    http://x.com/Bitfarms_io
    https://www.instagram.com/bitfarms/
    https://www.linkedin.com/company/bitfarms/

    Forward-Looking Statements
    This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding potential purchases under the Program, growth opportunities and prospects for the Company, and other statements regarding future growth, plans and objectives of the Company are forward-looking information.

    Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “prospects”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. This forward-looking information is based on assumptions and estimates of management of Bitfarms at the time they were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Bitfarms to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors, risks and uncertainties include, among others: an inability to apply the Company’s data centers to HPC/AI opportunities on a profitable basis; a failure to secure long-term contracts associated with HPC/AI customers on terms which are economic or at all; the construction and operation of new facilities may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; an inability to satisfy the Panther Creek location related milestones which are conditions to loan drawdowns under the Macquarie Group financing facility; an inability to deploy the proceeds of the Macquarie Group financing facility to generate positive returns at the Panther Creek location; the construction and operation of new facilities may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; new miners may not perform up to expectations; revenue may not increase as currently anticipated, or at all; the ongoing ability to successfully mine digital currency is not assured; failure of the equipment upgrades to be installed and operated as planned; the availability of additional power may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the power purchase agreements and economics thereof may not be as advantageous as expected; potential environmental cost and regulatory penalties due to the operation of the former Stronghold plants which entail environmental risk and certain additional risk factors particular to the former business and operations of Stronghold including, land reclamation requirements may be burdensome and expensive, changes in tax credits related to coal refuse power generation could have a material adverse effect on the business, financial condition, results of operations and future development efforts, competition in power markets may have a material adverse effect on the results of operations, cash flows and the market value of the assets, the business is subject to substantial energy regulation and may be adversely affected by legislative or regulatory changes, as well as liability under, or any future inability to comply with, existing or future energy regulations or requirements, the operations are subject to a number of risks arising out of the threat of climate change, and environmental laws, energy transitions policies and initiatives and regulations relating to emissions and coal residue management, which could result in increased operating and capital costs and reduce the extent of business activities, operation of power generation facilities involves significant risks and hazards customary to the power industry that could have a material adverse effect on our revenues and results of operations, and there may not have adequate insurance to cover these risks and hazards, employees, contractors, customers and the general public may be exposed to a risk of injury due to the nature of the operations, limited experience with carbon capture programs and initiatives and dependence on third-parties, including consultants, contractors and suppliers to develop and advance carbon capture programs and initiatives, and failure to properly manage these relationships, or the failure of these consultants, contractors and suppliers to perform as expected, could have a material adverse effect on the business, prospects or operations; the digital currency market; the ability to successfully mine digital currency; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of hydroelectricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power to operate cryptocurrency mining assets; the risks of an increase in electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which Bitfarms operates and the potential adverse impact on profitability; future capital needs and the ability to complete current and future financings, including Bitfarms’ ability to utilize an at-the-market offering program ( “ATM Program”) and the prices at which securities may be sold in such ATM Program, as well as capital market conditions in general; share dilution resulting from an ATM Program and from other equity issuances; the risks of debt leverage and the ability to service and eventually repay the Macquarie Group financing facility; volatile securities markets impacting security pricing unrelated to operating performance; the risk that a material weakness in internal control over financial reporting could result in a misstatement of financial position that may lead to a material misstatement of the annual or interim consolidated financial statements if not prevented or detected on a timely basis; risks related to the Company ceasing to qualify as an “emerging growth company”; risks related to unsolicited investor interest, takeover proposals, shareholder activism or proxy contests relating to the election of directors; risks relating to lawsuits and other legal proceedings and challenges; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; and the adoption or expansion of any regulation or law that will prevent Bitfarms from operating its business, or make it more costly to do so. For further information concerning these and other risks and uncertainties, refer to Bitfarms’ filings on www.sedarplus.ca (which are also available on the website of the U.S. Securities and Exchange Commission (the “SEC“) at www.sec.gov), including the Company’s annual information form for the year ended December 31, 2024, management’s discussion & analysis for the year-ended December 31, 2024 and the management’s discussion and analysis for the three months ended March 31, 2025. Although Bitfarms has attempted to identify important factors that could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended, including factors that are currently unknown to or deemed immaterial by Bitfarms. There can be no assurance that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on any forward-looking information. Bitfarms does not undertake any obligation to revise or update any forward-looking information other than as required by law. Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Stock Exchange, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.

    Investor Relations Contact:
    Laine Yonker
    lyonker@bitfarms.com

    Media Contact:
    Caroline Brady Baker
    cbaker@bitfarms.com

    The MIL Network

  • MIL-OSI: CW Petroleum Corp (OTCQB: CWPE) Reports Revenues for Q2-2025

    Source: GlobeNewswire (MIL-OSI)

    Katy, Texas, July 22, 2025 (GLOBE NEWSWIRE) — CW Petroleum Corp (OTCQB: CWPE) (the “Company”), a leading provider of Specialty Renewable and Hydrocarbon Motor Fuels, today announces to its investors and future investors unaudited financial results for Q2-2025.

    Key Financial Highlights for Three Months Ended June 30, 2025, Compared to Prior Year Period:

    • 2025 Revenues of $2.14 Million vs 2024 Revenues of $2.14 Million
    • 2025 EBITDA of $114,461 vs 2024 EBITDA of $58,173
    • 2025 Net Income of $69,133 vs 2024 Net Income (loss) of $(5,299)

    Our SEC Form 1-SA (Semiannual Report) will be published on or before September 29, 2025.

    Additional accurate information about the Company can be found on the OTC Markets website at the following links and on the EDGAR filing website provided by the Securities and Exchange Commission:

    CWPE Overview
    CWPE Security Detail
    CWPE Financials
    CWPE News
    CWPE Disclosures

    SEC Filings

    For additional information, visit our website at cwpetroleumcorp.com, email: investor@cwpetroleumcorp.com , or call 281-817-8099

    About CW Petroleum Corp

    CW Petroleum Corp, a Texas corporation, began operations in 2011. CW Petroleum Corp, a Wyoming corporation, was incorporated in April 2018 and has acquired the Texas corporation as a wholly-owned subsidiary. CW Petroleum Corp supplies and distributes Biodiesel, Biodiesel Blends, Renewable Gasoline, and a 92 Octane Reformulated No Ethanol Gasoline to distributors, convenience stores, marinas, and end-users. The EPA licenses the Company to create its proprietary gasoline blends. CW Petroleum Corp is licensed to distribute Diesel Fuel & Gasoline by the States of Texas, Louisiana, Oklahoma, California, Colorado, New Jersey, Maryland, Pennsylvania, and Arizona.

    Forward-Looking Statements

    Certain statements in this press release may contain “forward-looking statements” regarding future events and our future results. All statements other than statements of historical facts are statements that could be deemed to be forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the oil and gas markets, energy markets, and other markets in which we operate and the beliefs and assumptions of our management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “endeavors,” “strives,” “may,” or variations of such words and similar expressions are intended to identify such forward-looking statements. Readers are cautioned that these forward-looking statements are subject to a number of risks, uncertainties, and assumptions that are difficult to predict, estimate, or verify. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Such risks and uncertainties include those factors described in the Company’s most recent annual report on Form 1-K, which may be amended or supplemented by subsequent semiannual reports on Form 1-SA or other reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements. For more information, please refer to the Company’s filings with the Securities and Exchange Commission.

    No Offer or Solicitation

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

    The MIL Network

  • MIL-OSI: Old National Bancorp Reports Second Quarter 2025 Results and Names New President and COO

    Source: GlobeNewswire (MIL-OSI)

    EVANSVILLE, Ind., July 22, 2025 (GLOBE NEWSWIRE) —

    Old National Bancorp (NASDAQ: ONB) reports 2Q25 net income applicable to common shares of $121.4 million, diluted EPS of $0.34; $190.9 million and $0.53 on an adjusted1basis, respectively.


    CEO COMMENTARY
    :

    “Old National’s impressive second quarter results were achieved through a strong focus on the fundamentals: Growing our balance sheet, expanding our fee-based businesses, and controlling expenses,” said Chairman and CEO Jim Ryan. “Additionally, with the successful closing of our partnership with Bremer on May 1, 2025, Old National is well-positioned for the remainder of the year, benefiting from a larger balance sheet and a stronger capital position.”

    “We are thrilled to welcome Tim Burke as Old National’s President and Chief Operating Officer,” said Chairman and CEO Jim Ryan. “Tim brings nearly 30 years of extensive banking expertise to this critical role. I am confident that his infectious energy, strong strategic vision, and collaborative leadership approach will ensure that Old National continues to exceed client expectations for years to come, while also working to strengthen the communities we serve.”


    SECOND
    QUARTER HIGHLIGHTS2:

    Net Income
    • Net income applicable to common shares of $121.4 million; adjusted net income applicable to common shares1 of $190.9 million
    • Earnings per diluted common share (“EPS”) of $0.34; adjusted EPS1 of $0.53
       
    Net Interest Income/NIM
    • Net interest income on a fully taxable equivalent basis1 of $521.9 million
    • Net interest margin on a fully taxable equivalent basis1 (“NIM”) of 3.53%, up 26 basis points (“bps”)
       
    Operating Performance
    • Pre-provision net revenue1 (“PPNR”) of $269.6 million; adjusted PPNR1 of $289.9 million
    • Noninterest expense of $384.8 million; adjusted noninterest expense1 of $343.6 million
    • Efficiency ratio1 of 55.8%; adjusted efficiency ratio1 of 50.2%
       
    Deposits and Funding
    • Period-end total deposits of $54.4 billion, up $13.3 billion; core deposits up $11.6 billion
      • Period-end core deposits up 0.8% annualized excluding deposits assumed from Bremer Financial Corporation (“Bremer”)
    • Granular low-cost deposit franchise; total deposit costs of 193 bps, up 2 bps
       
    Loans and Credit Quality
    • End-of-period total loans3 of $48.0 billion, up $11.5 billion
      • End-of-period loans3 up 3.7% annualized excluding loans acquired from Bremer
    • Provision for credit losses4 (“provision”) of $106.8 million; $31.2 million excluding $75.6 million of current expected credit loss (“CECL”) Day 1 non-purchased credit deteriorated (“non-PCD”) provision expense5
    • Net charge-offs of $26.5 million, or 24 bps of average loans; 21 bps excluding purchased credit deteriorated (“PCD”) loans that had an allowance at acquisition
    • 30+ day delinquencies of 0.30% and nonaccrual loans of 1.24% of total loans
     
    Return Profile & Capital
    • Return on average tangible common equity1 (“ROATCE”) of 12.0%; adjusted ROATCE1 of 18.1%
    • Preliminary regulatory Tier 1 common equity to risk-weighted assets of 10.74%, down 88 bps
       
    Notable Items
    • Closing of Bremer partnership on May 1, 2025
    • $75.6 million of pre-tax CECL Day 1 non-PCD provision expense5
    • $41.2 million of pre-tax merger-related charges
    • $21.0 million of pre-tax pension plan gain6

    Non-GAAP financial measure that management believes is useful in evaluating the financial results of the Company – refer to the Non-GAAP reconciliations contained in this release Comparisons are on a linked-quarter basis, unless otherwise noted Includes loans held-for-sale Includes the provision for unfunded commitments Refers to the initial increase in allowance for credit losses required on acquired non-PCD loans, including unfunded loan commitments, through the provision for credit losses Includes a gain associated with freezing benefits of the Bremer pension plan

    TIM BURKE TO JOIN OLD NATIONAL AS PRESIDENT AND COO
    Timothy M. Burke, Jr. will join Old National Bancorp (“Old National”) on July 22, 2025 as President and Chief Operating Officer, assuming the role previously held by Mark Sander who announced his retirement earlier this year. Mr. Burke most recently served as Executive Vice President of the Central Region and Field Enablement for the Commercial Bank for a large Midwestern super-regional bank, where he was responsible for the full range of commercial banking in 12 Midwestern markets including those in Illinois, Indiana and Michigan.

    Mr. Burke’s nearly 30-year banking career has centered on serving clients and communities in the Midwest. His prior leadership experience includes roles as Northeast Ohio Market President for the same regional institution, where he was responsible for driving collaboration across all business lines including Retail, Business Banking, Commercial, Private Banking and Mortgage.

    “I’m truly thrilled to join a team that’s so deeply committed to relationship banking and making a real impact on our communities,” said Burke. “Old National’s core values and mission strongly align with my personal values, positioning me well to jump into the role, take care of clients and deliver standout products and services consistently across all of our markets.”

    As President and COO, Burke will be responsible for guiding the success of Old National’s Commercial, Community and Wealth segments, and Credit and Marketing teams. He and his family will reside in Evansville, Ind., and he will maintain offices in Evansville and Chicago.

    RESULTS OF OPERATIONS2
    Old National Bancorp reported second quarter 2025 net income applicable to common shares of $121.4 million, or $0.34 per diluted common share.

    Included in second quarter results were $75.6 million of pre-tax CECL Day 1 non-PCD provision expense related to the allowance for credit losses established on acquired non-PCD loans (including unfunded loan commitments), pre-tax charges of $41.2 million for merger-related expenses, and a $21.0 million pre-tax gain associated with freezing benefits of the Bremer pension plan. Excluding these items and realized debt securities losses from the current quarter, adjusted net income1 was $190.9 million, or $0.53 per diluted common share.

    DEPOSITS AND FUNDING
    Growth in core deposits driven by Bremer including public fund and business checking increases partly offset by normal seasonal outflows of retail deposits.

    • Period-end total deposits were $54.4 billion, up $13.3 billion; core deposits up $11.6 billion; includes $11.5 billion of period-end core deposits assumed in the Bremer transaction.
      • Period-end core deposits up 0.8% annualized excluding Bremer.
    • On average, total deposits for the second quarter were $49.8 billion, up $9.3 billion.
    • Granular low-cost deposit franchise; total deposit costs of 193 bps, up 2 bps.
    • A loan to deposit ratio of 88%, combined with existing funding sources, provides strong liquidity.

    LOANS
    Loan growth driven by Bremer and strong commercial loan production; pipeline increasing.

    • Period-end total loans3 were $48.0 billion, up $11.5 billion; includes $11.2 billion of period end loans acquired in the Bremer transaction.
      • Excluding loans3 acquired in the Bremer transaction, period-end total loans were up 3.7% annualized.
    • Commercial loans, excluding Bremer, grew 4.6% annualized
      • Total commercial loan production in the second quarter was $2.3 billion; period-end commercial pipeline totaled $4.8 billion, up approximately 40%.
    • Average total loans in the second quarter were $44.1 billion, an increase of $7.8 billion.

    CREDIT QUALITY
    Resilient credit quality continues to be a hallmark of Old National.

    • Provision4 expense was $106.8 million; $31.2 million excluding $75.6 million of CECL Day 1 non-PCD provision expense5 related to the allowance for credit losses established on acquired non-PCD loans (including unfunded loan commitments) in the Bremer transaction, consistent with the prior quarter.
    • Net charge-offs were $26.5 million, or 24 bps of average loans, consistent with the prior quarter.
      • Excluding PCD loans that had an allowance for credit losses established at acquisition, net charge-offs to average loans were 21 bps.
    • 30+ day delinquencies as a percentage of loans were 0.30% compared to 0.22%.
    • Nonaccrual loans as a percentage of total loans were 1.24% compared to 1.29%.
    • The allowance for credit losses, including the allowance for credit losses on unfunded loan commitments, stood at $594.7 million, or 1.24% of total loans, compared to $424.0 million, or 1.16% of total loans, reflecting $75.6 million of CECL Day 1 non-PCD provision expense5 related to acquired non-PCD loans (including unfunded loan commitments) and $90.4 million of allowance related to acquired PCD loans.

    NET INTEREST INCOME AND MARGIN
    Higher reflective of larger balance sheet and higher asset yields.

    • Net interest income on a fully taxable equivalent basis1 increased to $521.9 million compared to $393.0 million, driven by Bremer, loan growth, higher asset yields and more days in the quarter, partly offset by higher funding costs.
    • Net interest margin on a fully taxable equivalent basis1 increased 26 bps to 3.53%.
    • Cost of total deposits was 1.93%, increasing 2 bps and the cost of total interest-bearing deposits increased 6 bps to 2.52%.

    NONINTEREST INCOME
    Increase driven by Bremer and organic growth of fee-based businesses.

    • Total noninterest income was $132.5 million, $111.6 million excluding a $21.0 million pre-tax gain associated with the freezing of benefits of the Bremer pension plan, compared to $93.8 million.
    • Excluding the pension plan gain and realized debt securities losses, noninterest income was up 18.8% driven by Bremer revenue as well as higher wealth fees, mortgage fees, and capital markets revenue.

    NONINTEREST EXPENSE
    Higher reflective of Bremer, disciplined expense management drives efficiency ratio lower.

    • Noninterest expense was $384.8 million and included $41.2 million of merger-related charges.
    • Excluding merger-related charges, adjusted noninterest expense1 was $343.6 million, compared to $262.6 million, driven primarily by elevated operating costs and additional intangibles amortization, both related to the Bremer transaction.
    • The efficiency ratio1 was 55.8%, while the adjusted efficiency ratio1 was 50.2% compared to 53.7% and 51.8%, respectively.

    INCOME TAXES

    • Income tax expense was $30.3 million, resulting in an effective tax rate of 19.5% compared to 20.3%. On an adjusted fully taxable equivalent (“FTE”) basis, the effective tax rate was 24.6% compared to 22.5%.
      • The effective tax rate for the second quarter of 2025 was impacted by the Bremer transaction and the first quarter of 2025 was impacted by a $1.2 million benefit for the vesting of employee stock compensation.
    • Income tax expense included $5.8 million of tax credit benefit compared to $5.3 million.

    CAPITAL
    Capital ratios remain strong.

    • Preliminary total risk-based capital down 109 bps to 12.59% and preliminary regulatory Tier 1 capital down 103 bps to 11.20%, as strong retained earnings were more than offset by the Bremer transaction and loan growth.
    • Tangible common equity to tangible assets was 7.26%, down 6.4%.

    CONFERENCE CALL AND WEBCAST
    Old National will host a conference call and live webcast at 9:00 a.m. Central Time on Tuesday, July 22, 2025, to review second quarter financial results. The live audio webcast link and corresponding presentation slides will be available on the Company’s Investor Relations website at oldnational.com and will be archived there for 12 months. To listen to the live conference call, dial U.S. (800) 715-9871 or International (646) 307-1963, access code 9394540. A replay of the call will also be available from approximately noon Central Time on July 22, 2025 through August 5, 2025. To access the replay, dial U.S. (800) 770-2030 or International (647) 362-9199; Access code 9394540.

    ABOUT OLD NATIONAL
    Old National Bancorp (NASDAQ: ONB) is the holding company of Old National Bank. As the fifth largest commercial bank headquartered in the Midwest, Old National proudly serves clients primarily in the Midwest and Southeast. With approximately $71 billion of assets and $38 billion of assets under management, Old National ranks among the top 25 banking companies headquartered in the United States. Tracing our roots to 1834, Old National focuses on building long-term, highly valued partnerships with clients while also strengthening and supporting the communities we serve. In addition to providing extensive services in consumer and commercial banking, Old National offers comprehensive wealth management and capital markets services. For more information and financial data, please visit Investor Relations at oldnational.com. In 2025, Points of Light named Old National one of “The Civic 50” – an honor reserved for the 50 most community-minded companies in the United States.

    USE OF NON-GAAP FINANCIAL MEASURES
    The Company’s accounting and reporting policies conform to U.S. generally accepted accounting principles (“GAAP”) and general practices within the banking industry. As a supplement to GAAP, the Company provides non-GAAP performance results, which the Company believes are useful because they assist investors in assessing the Company’s operating performance. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the tables at the end of this release.

    The Company presents EPS, the efficiency ratio, return on average common equity, return on average tangible common equity, and net income applicable to common shares, all adjusted for certain notable items. These items include CECL Day 1 non-PCD provision expense, merger-related charges associated with completed and pending acquisitions, a pension plan gain, debt securities gains/losses, separation expense, distribution of excess pension assets expense, and FDIC special assessment expense. Management believes excluding these items from EPS, the efficiency ratio, return on average common equity, and return on average tangible common equity may be useful in assessing the Company’s underlying operational performance since these items do not pertain to its core business operations and their exclusion may facilitate better comparability between periods. Management believes that excluding merger-related charges from these metrics may be useful to the Company, as well as analysts and investors, since these expenses can vary significantly based on the size, type, and structure of each acquisition. Additionally, management believes excluding these items from these metrics may enhance comparability for peer comparison purposes.

    Income tax expense, provision for credit losses, and the certain notable items listed above are excluded from the calculation of pre-provision net revenues, adjusted due to the fluctuation in income before income tax and the level of provision for credit losses required. Management believes adjusted pre-provision net revenues may be useful in assessing the Company’s underlying operating performance and their exclusion may facilitate better comparability between periods and for peer comparison purposes.

    The Company presents adjusted noninterest expense, which excludes merger-related charges associated with completed and pending acquisitions, separation expense, distribution of excess pension assets expense, and FDIC special assessment expense, as well as adjusted noninterest income, which excludes a pension plan gain and debt securities gains/losses. Management believes that excluding these items from noninterest expense and noninterest income may be useful in assessing the Company’s underlying operational performance as these items either do not pertain to its core business operations or their exclusion may facilitate better comparability between periods and for peer comparison purposes.

    The tax-equivalent adjustment to net interest income and net interest margin recognizes the income tax savings when comparing taxable and tax-exempt assets. Interest income and yields on tax-exempt securities and loans are presented using the current federal income tax rate of 21%. Management believes that it is standard practice in the banking industry to present net interest income and net interest margin on a fully tax-equivalent basis and that it may enhance comparability for peer comparison purposes.

    In management’s view, tangible common equity measures are capital adequacy metrics that may be meaningful to the Company, as well as analysts and investors, in assessing the Company’s use of equity and in facilitating comparisons with peers. These non-GAAP measures are valuable indicators of a financial institution’s capital strength since they eliminate intangible assets from stockholders’ equity and retain the effect of accumulated other comprehensive loss in stockholders’ equity.

    Although intended to enhance investors’ understanding of the Company’s business and performance, these non-GAAP financial measures should not be considered an alternative to GAAP. In addition, these non-GAAP financial measures may differ from those used by other financial institutions to assess their business and performance. See the following reconciliations in the “Non-GAAP Reconciliations” section for details on the calculation of these measures to the extent presented herein.

    FORWARD-LOOKING STATEMENTS
    This earnings release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”), Section 27A of the Securities Act of 1933 and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934 and Rule 3b-6 promulgated thereunder, notwithstanding that such statements are not specifically identified as such. In addition, certain statements may be contained in our future filings with the Securities and Exchange Commission (“SEC”), in press releases, and in oral and written statements made by us that are not statements of historical fact and constitute forward‐looking statements within the meaning of the Act. These statements include, but are not limited to, descriptions of Old National’s financial condition, results of operations, asset and credit quality trends, profitability and business plans or opportunities. Forward-looking statements can be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “guidance,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “should,” “would,” and “will,” and other words of similar meaning. These forward-looking statements express management’s current expectations or forecasts of future events and, by their nature, are subject to risks and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those in such statements, including, but not limited to: competition; government legislation, regulations and policies, including trade and tariff policies; the ability of Old National to execute its business plan; unanticipated changes in our liquidity position, including but not limited to changes in our access to sources of liquidity and capital to address our liquidity needs; changes in economic conditions and economic and business uncertainty which could materially impact credit quality trends and the ability to generate loans and gather deposits; inflation and governmental responses to inflation, including increasing interest rates; market, economic, operational, liquidity, credit, and interest rate risks associated with our business; our ability to successfully manage our credit risk and the sufficiency of our allowance for credit losses; the expected cost savings, synergies and other financial benefits from the merger (the “Merger”) between Old National and Bremer not being realized within the expected time frames and costs or difficulties relating to integration matters being greater than expected; potential adverse reactions or changes to business or employee relationships, including those resulting from the completion of the Merger; the impact of purchase accounting with respect to the Merger, or any change in the assumptions used regarding the assets acquired and liabilities assumed to determine their fair value and credit marks; the potential impact of future business combinations on our performance and financial condition, including our ability to successfully integrate the businesses, the success of revenue-generating and cost reduction initiatives and the diversion of management’s attention from ongoing business operations and opportunities; failure or circumvention of our internal controls; operational risks or risk management failures by us or critical third parties, including without limitation with respect to data processing, information systems, cybersecurity, technological changes, vendor issues, business interruption, and fraud risks; significant changes in accounting, tax or regulatory practices or requirements; new legal obligations or liabilities; disruptive technologies in payment systems and other services traditionally provided by banks; failure or disruption of our information systems; computer hacking and other cybersecurity threats; the effects of climate change on Old National and its customers, borrowers, or service providers; the impacts of pandemics, epidemics and other infectious disease outbreaks; other matters discussed in this earnings release; and other factors identified in our Annual Report on Form 10-K for the year ended December 31, 2024 and other filings with the SEC. These forward-looking statements are based on assumptions and estimates, which although believed to be reasonable, may turn out to be incorrect. Old National does not undertake an obligation to update these forward-looking statements to reflect events or conditions after the date of this earnings release. You are advised to consult further disclosures we may make on related subjects in our filings with the SEC.

    CONTACTS:    
    Media: Rick Jillson   Investors: Lynell Durchholz
    (812) 465-7267   (812) 464-1366
    Rick.Jillson@oldnational.com   Lynell.Durchholz@oldnational.com
                   
    Financial Highlights (unaudited)
    ($ and shares in thousands, except per share data)
                     
      Three Months Ended   Six Months Ended
      June 30, March 31, December 31, September 30, June 30,   June 30, June 30,
        2025     2025     2024     2024     2024       2025     2024  
    Income Statement                
    Net interest income $ 514,790   $ 387,643   $ 394,180   $ 391,724   $ 388,421     $ 902,433   $ 744,879  
    FTE adjustment1,3   7,063     5,360     5,777     6,144     6,340       12,423     12,593  
    Net interest income – tax equivalent basis3   521,853     393,003     399,957     397,868     394,761       914,856     757,472  
    Provision for credit losses   106,835     31,403     27,017     28,497     36,214       138,238     55,105  
    Noninterest income   132,517     93,794     95,766     94,138     87,271       226,311     164,793  
    Noninterest expense   384,766     268,471     276,824     272,283     282,999       653,237     545,316  
    Net income available to common shareholders $ 121,375   $ 140,625   $ 149,839   $ 139,768   $ 117,196     $ 262,000   $ 233,446  
    Per Common Share Data                
    Weighted average diluted shares   361,436     321,016     318,803     317,331     316,461       340,250     304,207  
    EPS, diluted $ 0.34   $ 0.44   $ 0.47   $ 0.44   $ 0.37     $ 0.77   $ 0.77  
    Cash dividends   0.14     0.14     0.14     0.14     0.14       0.28     0.28  
    Dividend payout ratio2   41 %   32 %   30 %   32 %   38 %     36 %   36 %
    Book value $ 20.12   $ 19.71   $ 19.11   $ 19.20   $ 18.28     $ 20.12   $ 18.28  
    Stock price   21.34     21.19     21.71     18.66     17.19       21.34     17.19  
    Tangible book value3   12.60     12.54     11.91     11.97     11.05       12.60     11.05  
    Performance Ratios                
    ROAA   0.77 %   1.08 %   1.14 %   1.08 %   0.92 %     0.91 %   0.95 %
    ROAE   6.7 %   9.1 %   9.8 %   9.4 %   8.2 %     7.8 %   8.4 %
    ROATCE3   12.0 %   15.0 %   16.4 %   16.0 %   14.1 %     13.4 %   14.5 %
    NIM (FTE)3   3.53 %   3.27 %   3.30 %   3.32 %   3.33 %     3.41 %   3.31 %
    Efficiency ratio3   55.8 %   53.7 %   54.4 %   53.8 %   57.2 %     54.9 %   57.7 %
    NCOs to average loans   0.24 %   0.24 %   0.21 %   0.19 %   0.16 %     0.24 %   0.15 %
    ACL on loans to EOP loans   1.18 %   1.10 %   1.08 %   1.05 %   1.01 %     1.18 %   1.01 %
    ACL4 to EOP loans   1.24 %   1.16 %   1.14 %   1.12 %   1.08 %     1.24 %   1.08 %
    NPLs to EOP loans   1.24 %   1.29 %   1.23 %   1.22 %   0.94 %     1.24 %   0.94 %
    Balance Sheet (EOP)                
    Total loans $ 47,902,819   $ 36,413,944   $ 36,285,887   $ 36,400,643   $ 36,150,513     $ 47,902,819   $ 36,150,513  
    Total assets   70,979,805     53,877,944     53,552,272     53,602,293     53,119,645       70,979,805     53,119,645  
    Total deposits   54,357,683     41,034,572     40,823,560     40,845,746     39,999,228       54,357,683     39,999,228  
    Total borrowed funds   7,346,098     5,447,054     5,411,537     5,449,096     6,085,204       7,346,098     6,085,204  
    Total shareholders’ equity   8,126,387     6,534,654     6,340,350     6,367,298     6,075,072       8,126,387     6,075,072  
    Capital Ratios3                
    Risk-based capital ratios (EOP):                
    Tier 1 common equity   10.74 %   11.62 %   11.38 %   11.00 %   10.73 %     10.74 %   10.73 %
    Tier 1 capital   11.20 %   12.23 %   11.98 %   11.60 %   11.33 %     11.20 %   11.33 %
    Total capital   12.59 %   13.68 %   13.37 %   12.94 %   12.71 %     12.59 %   12.71 %
    Leverage ratio (average assets)   9.26 %   9.44 %   9.21 %   9.05 %   8.90 %     9.26 %   8.90 %
    Equity to assets (averages)   11.38 %   12.01 %   11.78 %   11.60 %   11.31 %     11.66 %   11.31 %
    TCE to TA   7.26 %   7.76 %   7.41 %   7.44 %   6.94 %     7.26 %   6.94 %
    Nonfinancial Data                
    Full-time equivalent employees   5,313     4,028     4,066     4,105     4,267       5,313     4,267  
    Banking centers   351     280     280     280     280       351     280  
    1 Calculated using the federal statutory tax rate in effect of 21% for all periods.          
    2 Cash dividends per common share divided by net income per common share (basic).          
    3 Represents a non-GAAP financial measure. Refer to the “Non-GAAP Measures” table for reconciliations to GAAP financial measures.
        June 30, 2025 capital ratios are preliminary.
         
    4 Includes the allowance for credit losses on loans and unfunded loan commitments.          
                     
    FTE – Fully taxable equivalent basis ROAA – Return on average assets ROAE – Return on average equity ROATCE – Return on average tangible common equity NCOs – Net Charge-offs ACL – Allowance for Credit Losses EOP – End of period actual balances NPLs – Non-performing Loans TCE – Tangible common equity TA – Tangible assets      
                     
    Income Statement (unaudited)
    ($ and shares in thousands, except per share data)
      Three Months Ended   Six Months Ended
      June 30, March 31, December 31, September 30, June 30,   June 30, June 30,
        2025     2025     2024     2024     2024       2025     2024  
    Interest income $ 824,961   $ 630,399   $ 662,082   $ 679,925   $ 663,663     $ 1,455,360   $ 1,259,644  
    Less: interest expense   310,171     242,756     267,902     288,201     275,242       552,927     514,765  
    Net interest income   514,790     387,643     394,180     391,724     388,421       902,433     744,879  
    Provision for credit losses   106,835     31,403     27,017     28,497     36,214       138,238     55,105  
    Net interest income
    after provision for credit losses
      407,955     356,240     367,163     363,227     352,207       764,195     689,774  
    Wealth and investment services fees   35,817     29,648     30,012     29,117     29,358       65,465     57,662  
    Service charges on deposit accounts   23,878     21,156     20,577     20,350     19,350       45,034     37,248  
    Debit card and ATM fees   12,922     9,991     10,991     11,362     10,993       22,913     21,047  
    Mortgage banking revenue   10,032     6,879     7,026     7,669     7,064       16,911     11,542  
    Capital markets income   7,114     4,506     5,244     7,426     4,729       11,620     7,629  
    Company-owned life insurance   6,625     5,381     6,499     5,315     5,739       12,006     9,173  
    Other income   36,170     16,309     15,539     12,975     10,036       52,479     20,506  
    Debt securities gains (losses), net   (41 )   (76 )   (122 )   (76 )   2       (117 )   (14 )
    Total noninterest income   132,517     93,794     95,766     94,138     87,271       226,311     164,793  
    Salaries and employee benefits   202,112     148,305     146,605     147,494     159,193       350,417     308,996  
    Occupancy   30,432     29,053     29,733     27,130     26,547       59,485     53,566  
    Equipment   12,566     8,901     9,325     9,888     8,704       21,467     17,375  
    Marketing   13,759     11,940     12,653     11,036     11,284       25,699     21,918  
    Technology   31,452     22,020     21,429     23,343     24,002       53,472     44,025  
    Communication   5,014     4,134     4,176     4,681     4,480       9,148     8,480  
    Professional fees   21,931     7,919     11,055     7,278     10,552       29,850     16,958  
    FDIC assessment   13,409     9,700     11,970     11,722     9,676       23,109     20,989  
    Amortization of intangibles   19,630     6,830     7,237     7,411     7,425       26,460     12,880  
    Amortization of tax credit investments   5,815     3,424     4,556     3,277     2,747       9,239     5,496  
    Other expense   28,646     16,245     18,085     19,023     18,389       44,891     34,633  
    Total noninterest expense   384,766     268,471     276,824     272,283     282,999       653,237     545,316  
    Income before income taxes   155,706     181,563     186,105     185,082     156,479       337,269     309,251  
    Income tax expense   30,298     36,904     32,232     41,280     35,250       67,202     67,738  
    Net income $ 125,408   $ 144,659   $ 153,873   $ 143,802   $ 121,229     $ 270,067   $ 241,513  
    Preferred dividends   (4,033 )   (4,034 )   (4,034 )   (4,034 )   (4,033 )     (8,067 )   (8,067 )
    Net income applicable to common shares $ 121,375   $ 140,625   $ 149,839   $ 139,768   $ 117,196     $ 262,000   $ 233,446  
                     
    EPS, diluted $ 0.34   $ 0.44   $ 0.47   $ 0.44   $ 0.37     $ 0.77   $ 0.77  
    Weighted Average Common Shares Outstanding                
    Basic   360,155     315,925     315,673     315,622     315,585       338,162     303,283  
    Diluted   361,436     321,016     318,803     317,331     316,461       340,250     304,207  
    (EOP)   391,818     319,236     318,980     318,955     318,969       391,818     318,969  
                     
                     
     
    End of Period Balance Sheet (unaudited)
    ($ in thousands)
      June 30, March 31, December 31, September 30, June 30,
        2025     2025     2024     2024     2024  
    Assets          
    Cash and due from banks $ 637,556   $ 486,061   $ 394,450   $ 498,120   $ 428,665  
    Money market and other interest-earning investments   1,171,015     753,719     833,518     693,450     804,381  
    Investments:          
    Treasury and government-sponsored agencies   2,445,733     2,364,170     2,289,903     2,335,716     2,207,004  
    Mortgage-backed securities   9,632,206     6,458,023     6,175,103     6,085,826     5,890,371  
    States and political subdivisions   1,590,272     1,589,555     1,637,379     1,665,128     1,678,597  
    Other securities   852,687     755,348     781,656     783,079     775,623  
    Total investments   14,520,898     11,167,096     10,884,041     10,869,749     10,551,595  
    Loans held-for-sale, at fair value   77,618     40,424     34,483     62,376     66,126  
    Loans:          
    Commercial   14,662,916     10,650,615     10,288,560     10,408,095     10,332,631  
    Commercial and agriculture real estate   21,879,785     16,135,327     16,307,486     16,356,216     16,016,958  
    Residential real estate   8,212,242     6,771,694     6,797,586     6,757,896     6,894,957  
    Consumer   3,147,876     2,856,308     2,892,255     2,878,436     2,905,967  
    Total loans   47,902,819     36,413,944     36,285,887     36,400,643     36,150,513  
    Allowance for credit losses on loans   (565,109 )   (401,932 )   (392,522 )   (380,840 )   (366,335 )
    Premises and equipment, net   682,539     584,664     588,970     599,528     601,945  
    Goodwill and other intangible assets   2,944,372     2,289,268     2,296,098     2,305,084     2,306,204  
    Company-owned life insurance   1,046,693     859,211     859,851     863,723     862,032  
    Accrued interest receivable and other assets   2,561,404     1,685,489     1,767,496     1,690,460     1,714,519  
    Total assets $ 70,979,805   $ 53,877,944   $ 53,552,272   $ 53,602,293   $ 53,119,645  
               
    Liabilities and Equity          
    Noninterest-bearing demand deposits $ 12,652,556   $ 9,186,314   $ 9,399,019   $ 9,429,285   $ 9,336,042  
    Interest-bearing:          
    Checking and NOW accounts   9,194,738     7,736,014     7,538,987     7,314,245     7,680,865  
    Savings accounts   5,058,819     4,715,329     4,753,279     4,781,447     4,983,811  
    Money market accounts   16,564,125     11,638,653     11,807,228     11,601,461     10,485,491  
    Other time deposits   7,613,377     6,212,898     5,819,970     6,010,070     5,688,432  
    Total core deposits   51,083,615     39,489,208     39,318,483     39,136,508     38,174,641  
    Brokered deposits   3,274,068     1,545,364     1,505,077     1,709,238     1,824,587  
    Total deposits   54,357,683     41,034,572     40,823,560     40,845,746     39,999,228  
               
    Federal funds purchased and interbank borrowings   340,246     170     385     135,263     250,154  
    Securities sold under agreements to repurchase   297,637     290,256     268,975     244,626     240,713  
    Federal Home Loan Bank advances   5,835,918     4,514,354     4,452,559     4,471,153     4,744,560  
    Other borrowings   872,297     642,274     689,618     598,054     849,777  
    Total borrowed funds   7,346,098     5,447,054     5,411,537     5,449,096     6,085,204  
    Accrued expenses and other liabilities   1,149,637     861,664     976,825     940,153     960,141  
    Total liabilities   62,853,418     47,343,290     47,211,922     47,234,995     47,044,573  
    Preferred stock, common stock, surplus, and retained earnings   8,725,995     7,183,163     7,086,393     6,971,054     6,866,480  
    Accumulated other comprehensive income (loss), net of tax   (599,608 )   (648,509 )   (746,043 )   (603,756 )   (791,408 )
    Total shareholders’ equity   8,126,387     6,534,654     6,340,350     6,367,298     6,075,072  
    Total liabilities and shareholders’ equity $ 70,979,805   $ 53,877,944   $ 53,552,272   $ 53,602,293   $ 53,119,645  
     
                             
    Average Balance Sheet and Interest Rates (unaudited)
    ($ in thousands)
                             
                             
        Three Months Ended   Three Months Ended   Three Months Ended
        June 30, 2025   March 31, 2025   June 30, 2024
        Average Income1/ Yield/   Average Income1/ Yield/   Average Income1/ Yield/
    Earning Assets:   Balance Expense Rate   Balance Expense Rate   Balance Expense Rate
    Money market and other interest-earning investments   $ 1,424,700   $ 14,791 4.16 %   $ 791,067   $ 8,815 4.52 %   $ 814,944   $ 11,311 5.58 %
    Investments:                        
    Treasury and government-sponsored agencies     2,396,691     20,820 3.47 %     2,318,869     20,019 3.45 %     2,208,935     21,531 3.90 %
    Mortgage-backed securities     8,567,318     87,734 4.10 %     6,287,825     54,523 3.47 %     5,828,225     47,904 3.29 %
    States and political subdivisions     1,596,899     13,402 3.36 %     1,610,819     13,242 3.29 %     1,686,994     14,290 3.39 %
    Other securities     970,581     15,770 6.50 %     770,839     10,512 5.45 %     788,571     12,583 6.38 %
    Total investments     13,531,489     137,726 4.07 %     10,988,352     98,296 3.58 %     10,512,725     96,308 3.66 %
    Loans:2                        
    Commercial     13,240,876     219,446 6.63 %     10,397,991     165,595 6.37 %     10,345,098     183,425 7.09 %
    Commercial and agriculture real estate     20,022,403     316,422 6.32 %     16,213,606     245,935 6.07 %     15,870,809     260,407 6.56 %
    Residential real estate loans     7,792,440     88,852 4.56 %     6,815,091     67,648 3.97 %     6,952,942     67,683 3.89 %
    Consumer     3,049,341     54,787 7.21 %     2,871,213     49,470 6.99 %     2,910,331     50,869 7.03 %
    Total loans     44,105,060     679,507 6.16 %     36,297,901     528,648 5.83 %     36,079,180     562,384 6.24 %
                             
    Total earning assets   $ 59,061,249   $ 832,024 5.64 %   $ 48,077,320   $ 635,759 5.30 %   $ 47,406,849   $ 670,003 5.66 %
                             
    Less: Allowance for credit losses on loans     (404,871 )         (398,765 )         (331,043 )    
                             
    Non-earning Assets:                        
    Cash and due from banks   $ 426,513         $ 372,428         $ 430,256      
    Other assets     6,403,239           5,394,600           5,341,022      
                             
    Total assets   $ 65,486,130         $ 53,445,583         $ 52,847,084      
                             
    Interest-Bearing Liabilities:                        
    Checking and NOW accounts   $ 8,594,591   $ 29,291 1.37 %   $ 7,526,294   $ 23,850 1.29 %   $ 8,189,454   $ 34,398 1.69 %
    Savings accounts     4,968,232     3,777 0.30 %     4,692,239     3,608 0.31 %     5,044,800     5,254 0.42 %
    Money market accounts     15,055,735     110,933 2.96 %     11,664,650     88,381 3.07 %     10,728,156     102,560 3.84 %
    Other time deposits     7,092,124     67,204 3.80 %     5,996,108     56,485 3.82 %     5,358,103     56,586 4.25 %
    Total interest-bearing core deposits     35,710,682     211,205 2.37 %     29,879,291     172,324 2.34 %     29,320,513     198,798 2.73 %
    Brokered deposits     2,530,726     28,883 4.58 %     1,546,756     18,171 4.76 %     1,244,237     17,008 5.50 %
    Total interest-bearing deposits     38,241,408     240,088 2.52 %     31,426,047     190,495 2.46 %     30,564,750     215,806 2.84 %
                             
    Federal funds purchased and interbank borrowings     88,603     953 4.31 %     148,130     1,625 4.45 %     148,835     1,986 5.37 %
    Securities sold under agreements to repurchase     295,948     636 0.86 %     272,961     551 0.82 %     249,939     639 1.03 %
    Federal Home Loan Bank advances     6,037,462     59,042 3.92 %     4,464,590     41,896 3.81 %     4,473,978     44,643 4.01 %
    Other borrowings     828,214     9,452 4.58 %     675,759     8,189 4.91 %     891,609     12,168 5.49 %
    Total borrowed funds     7,250,227     70,083 3.88 %     5,561,440     52,261 3.81 %     5,764,361     59,436 4.15 %
                             
    Total interest-bearing liabilities   $ 45,491,635   $ 310,171 2.73 %   $ 36,987,487   $ 242,756 2.66 %   $ 36,329,111   $ 275,242 3.05 %
                             
    Noninterest-Bearing Liabilities and Shareholders’ Equity                      
    Demand deposits   $ 11,568,854         $ 9,096,676         $ 9,558,675      
    Other liabilities     973,525           944,935           980,322      
    Shareholders’ equity     7,452,116           6,416,485           5,978,976      
                             
    Total liabilities and shareholders’ equity   $ 65,486,130         $ 53,445,583         $ 52,847,084      
                             
    Net interest rate spread       2.91 %       2.64 %       2.61 %
                             
    Net interest margin (GAAP)       3.49 %       3.23 %       3.28 %
                             
    Net interest margin (FTE)3       3.53 %       3.27 %       3.33 %
                             
    FTE adjustment     $ 7,063       $ 5,360       $ 6,340  
                             
    1 Interest income is reflected on a FTE basis.  
    2 Includes loans held-for-sale.  
    3 Represents a non-GAAP financial measure. Refer to the “Non-GAAP Measures” table for reconciliations to GAAP financial measures.  
     
                     
    Average Balance Sheet and Interest Rates (unaudited)
    ($ in thousands)
                     
                     
        Six Months Ended   Six Months Ended
        June 30, 2025   June 30, 2024
        Average Income1/ Yield/   Average Income1/ Yield/
    Earning Assets:   Balance Expense Rate   Balance Expense Rate
    Money market and other interest-earning investments   $ 1,109,634   $ 23,606 4.29 %   $ 786,094   $ 21,296 5.45 %
    Investments:                
    Treasury and government-sponsored agencies     2,357,995     40,839 3.46 %     2,285,706     44,797 3.92 %
    Mortgage-backed securities     7,433,868     142,257 3.83 %     5,592,655     86,792 3.10 %
    States and political subdivisions     1,603,821     26,644 3.32 %     1,683,585     28,266 3.36 %
    Other securities     871,262     26,282 6.03 %     779,504     24,756 6.35 %
    Total investments   $ 12,266,946   $ 236,022 3.85 %   $ 10,341,450   $ 184,611 3.57 %
    Loans:2                
    Commercial     11,827,287     385,041 6.51 %     9,942,741     350,688 7.05 %
    Commercial and agriculture real estate     18,128,526     562,357 6.20 %     15,119,590     490,493 6.49 %
    Residential real estate loans     7,306,465     156,500 4.28 %     6,823,378     130,686 3.83 %
    Consumer     2,960,769     104,257 7.10 %     2,777,711     94,463 6.84 %
    Total loans     40,223,047     1,208,155 6.01 %     34,663,420     1,066,330 6.16 %
                     
    Total earning assets   $ 53,599,627   $ 1,467,783 5.48 %   $ 45,790,964   $ 1,272,237 5.56 %
                     
    Less: Allowance for credit losses on loans     (401,835 )         (322,256 )    
                     
    Non-earning Assets:                
    Cash and due from banks   $ 399,620         $ 396,466      
    Other assets     5,901,705           5,151,308      
                     
    Total assets   $ 59,499,117         $ 51,016,482      
                     
    Interest-Bearing Liabilities:                
    Checking and NOW accounts   $ 8,063,393   $ 53,141 1.33 %   $ 7,665,327   $ 59,650 1.56 %
    Savings accounts     4,830,998     7,385 0.31 %     5,035,100     10,271 0.41 %
    Money market accounts     13,369,560     199,314 3.01 %     10,322,808     196,773 3.83 %
    Other time deposits     6,547,143     123,689 3.81 %     5,023,620     104,018 4.16 %
    Total interest-bearing core deposits     32,811,094     383,529 2.36 %     28,046,855     370,712 2.66 %
    Brokered deposits     2,041,459     47,054 4.65 %     1,145,744     30,533 5.36 %
    Total interest-bearing deposits     34,852,553     430,583 2.49 %     29,192,599     401,245 2.76 %
                     
    Federal funds purchased and interbank borrowings     118,202     2,578 4.40 %     108,962     2,947 5.44 %
    Securities sold under agreements to repurchase     284,518     1,187 0.84 %     273,088     1,556 1.15 %
    Federal Home Loan Bank advances     5,255,372     100,938 3.87 %     4,430,236     85,810 3.90 %
    Other borrowings     752,408     17,641 4.73 %     858,727     23,207 5.43 %
    Total borrowed funds     6,410,500     122,344 3.85 %     5,671,013     113,520 4.03 %
                     
    Total interest-bearing liabilities     41,263,053     552,927 2.70 %     34,863,612     514,765 2.97 %
                     
    Noninterest-Bearing Liabilities and Shareholders’ Equity              
    Demand deposits   $ 10,339,594         $ 9,408,406      
    Other liabilities     959,309           972,205      
    Shareholders’ equity     6,937,161           5,772,259      
                     
    Total liabilities and shareholders’ equity   $ 59,499,117         $ 51,016,482      
                     
    Net interest rate spread       2.78 %       2.59 %
                     
    Net interest margin (GAAP)       3.37 %       3.25 %
                     
    Net interest margin (FTE)3       3.41 %       3.31 %
                     
    FTE adjustment     $ 12,423       $ 12,593  
                     
    1 Interest income is reflected on a FTE.
    2 Includes loans held-for-sale.                
    3 Represents a non-GAAP financial measure. Refer to the “Non-GAAP Measures” table for reconciliations to GAAP financial measures.    
     
                     
    Asset Quality (EOP) (unaudited)
    ($ in thousands)
                     
      Three Months Ended   Six Months Ended
      June 30, March 31, December 31, September 30, June 30,   June 30, June 30,
        2025     2025     2024     2024     2024       2025     2024  
    Allowance for credit losses:                
    Beginning allowance for credit losses on loans $ 401,932   $ 392,522   $ 380,840   $ 366,335   $ 319,713     $ 392,522   $ 307,610  
    Allowance established for acquired PCD loans   90,442             2,803     23,922       90,442     23,922  
    Provision for credit losses on loans   99,263     31,026     30,417     29,176     36,745       130,289     60,598  
    Gross charge-offs   (29,954 )   (24,540 )   (21,278 )   (18,965 )   (17,041 )     (54,494 )   (31,061 )
    Gross recoveries   3,426     2,924     2,543     1,491     2,996       6,350     5,266  
    NCOs   (26,528 )   (21,616 )   (18,735 )   (17,474 )   (14,045 )     (48,144 )   (25,795 )
    Ending allowance for credit losses on loans $ 565,109   $ 401,932   $ 392,522   $ 380,840   $ 366,335     $ 565,109   $ 366,335  
    Beginning allowance for credit losses on unfunded commitments $ 22,031   $ 21,654   $ 25,054   $ 25,733   $ 26,264     $ 21,654   $ 31,226  
    Provision (release) for credit losses on unfunded commitments   7,572     377     (3,400 )   (679 )   (531 )     7,949     (5,493 )
    Ending allowance for credit losses on unfunded commitments $ 29,603   $ 22,031   $ 21,654   $ 25,054   $ 25,733     $ 29,603   $ 25,733  
    Allowance for credit losses $ 594,712   $ 423,963   $ 414,176   $ 405,894   $ 392,068     $ 594,712   $ 392,068  
    Provision for credit losses on loans $ 99,263   $ 31,026   $ 30,417   $ 29,176   $ 36,745     $ 130,289   $ 60,598  
    Provision (release) for credit losses on unfunded commitments   7,572     377     (3,400 )   (679 )   (531 )     7,949     (5,493 )
    Provision for credit losses $ 106,835   $ 31,403   $ 27,017   $ 28,497   $ 36,214     $ 138,238   $ 55,105  
    NCOs / average loans1   0.24 %   0.24 %   0.21 %   0.19 %   0.16 %     0.24 %   0.15 %
    Average loans1 $ 44,075,472   $ 36,284,059   $ 36,410,414   $ 36,299,544   $ 36,053,845     $ 40,201,289   $ 34,648,292  
    EOP loans1   47,902,819     36,413,944     36,285,887     36,400,643     36,150,513       47,902,819     36,150,513  
    ACL on loans / EOP loans1   1.18 %   1.10 %   1.08 %   1.05 %   1.01 %     1.18 %   1.01 %
    ACL / EOP loans1   1.24 %   1.16 %   1.14 %   1.12 %   1.08 %     1.24 %   1.08 %
    Underperforming Assets:                
    Loans 90 days and over (still accruing) $ 16,893   $ 6,757   $ 4,060   $ 1,177   $ 5,251     $ 16,893   $ 5,251  
    Nonaccrual loans   594,709     469,211     447,979     443,597     340,181       594,709     340,181  
    Foreclosed assets   7,986     6,301     4,294     4,077     8,290       7,986     8,290  
    Total underperforming assets $ 619,588   $ 482,269   $ 456,333   $ 448,851   $ 353,722     $ 619,588   $ 353,722  
    Classified and Criticized Assets:                
    Nonaccrual loans $ 594,709   $ 469,211   $ 447,979   $ 443,597   $ 340,181     $ 594,709   $ 340,181  
    Substandard loans (still accruing)   1,969,260     1,479,630     1,073,413     1,074,243     841,087       1,969,260     841,087  
    Loans 90 days and over (still accruing)   16,893     6,757     4,060     1,177     5,251       16,893     5,251  
    Total classified loans – “problem loans”   2,580,862     1,955,598     1,525,452     1,519,017     1,186,519       2,580,862     1,186,519  
    Other classified assets   43,495     53,239     58,954     59,485     60,772       43,495     60,772  
    Special Mention   1,008,716     828,314     908,630     837,543     967,655       1,008,716     967,655  
    Total classified and criticized assets $ 3,633,073   $ 2,837,151   $ 2,493,036   $ 2,416,045   $ 2,214,946     $ 3,633,073   $ 2,214,946  
    Loans 30-89 days past due (still accruing) $ 128,771   $ 72,517   $ 93,141   $ 91,750   $ 51,712     $ 128,771   $ 51,712  
    Nonaccrual loans / EOP loans1   1.24 %   1.29 %   1.23 %   1.22 %   0.94 %     1.24 %   0.94 %
    ACL / nonaccrual loans   100 %   90 %   92 %   92 %   115 %     100 %   115 %
    Under-performing assets/EOP loans1   1.29 %   1.32 %   1.26 %   1.23 %   0.98 %     1.29 %   0.98 %
    Under-performing assets/EOP assets   0.87 %   0.90 %   0.85 %   0.84 %   0.67 %     0.87 %   0.67 %
    30+ day delinquencies/EOP loans1   0.30 %   0.22 %   0.27 %   0.26 %   0.16 %     0.30 %   0.16 %
                     
    1 Excludes loans held-for-sale.            
                     
                     
    Non-GAAP Measures (unaudited)
    ($ and shares in thousands, except per share data)
                     
      Three Months Ended   Six Months Ended
      June 30, March 31, December 31, September 30, June 30,   June 30, June 30,
        2025     2025     2024     2024     2024       2025     2024  
    Earnings Per Share:                
    Net income applicable to common shares $ 121,375   $ 140,625   $ 149,839   $ 139,768   $ 117,196     $ 262,000   $ 233,446  
    Adjustments:                
    CECL Day 1 non-PCD provision expense   75,604                 15,312       75,604     15,312  
    Tax effect1   (20,802 )               (3,476 )     (20,802 )   (3,476 )
    CECL Day 1 non-PCD provision expense, net   54,802                 11,836       54,802     11,836  
    Merger-related charges   41,206     5,856     8,117     6,860     19,440       47,062     22,348  
    Tax effect1   (11,337 )   (1,089 )   (2,058 )   (1,528 )   (4,413 )     (12,426 )   (5,123 )
    Merger-related charges, net   29,869     4,767     6,059     5,332     15,027       34,636     17,225  
    Pension plan gain   (21,001 )                     (21,001 )    
    Tax effect1   5,778                       5,778      
    Pension plan gain, net   (15,223 )                     (15,223 )    
    Debt securities (gains) losses   41     76     122     76     (2 )     117     14  
    Tax effect1   (11 )   (14 )   (31 )   (17 )   1       (25 )   (3 )
    Debt securities (gains) losses, net   30     62     91     59     (1 )     92     11  
    Separation expense               2,646                
    Tax effect1               (589 )              
    Separation expense, net               2,057                
    Distribution of excess pension assets                           13,318  
    Tax effect1                           (3,250 )
    Distribution excess pension assets, net                             10,068  
    FDIC special assessment                             2,994  
    Tax effect1                             (731 )
    FDIC special assessment, net                             2,263  
    Total adjustments, net   69,478     4,829     6,150     7,448     26,862       74,307     41,403  
    Net income applicable to common shares, adjusted $ 190,853   $ 145,454   $ 155,989   $ 147,216   $ 144,058     $ 336,307   $ 274,849  
    Weighted average diluted common shares outstanding   361,436     321,016     318,803     317,331     316,461       340,250     304,207  
    EPS, diluted $ 0.34   $ 0.44   $ 0.47   $ 0.44   $ 0.37     $ 0.77   $ 0.77  
    Adjusted EPS, diluted $ 0.53   $ 0.45   $ 0.49   $ 0.46   $ 0.46     $ 0.99   $ 0.90  
    NIM:                
    Net interest income $ 514,790   $ 387,643   $ 394,180   $ 391,724   $ 388,421     $ 902,433   $ 744,879  
    Add: FTE adjustment2   7,063     5,360     5,777     6,144     6,340       12,423     12,593  
    Net interest income (FTE) $ 521,853   $ 393,003   $ 399,957   $ 397,868   $ 394,761     $ 914,856   $ 757,472  
    Average earning assets $ 59,061,249   $ 48,077,320   $ 48,411,803   $ 47,905,463   $ 47,406,849     $ 53,599,627   $ 45,790,964  
    NIM (GAAP)   3.49 %   3.23 %   3.26 %   3.27 %   3.28 %     3.37 %   3.25 %
    NIM (FTE)   3.53 %   3.27 %   3.30 %   3.32 %   3.33 %     3.41 %   3.31 %
                     
    Refer to last page of Non-GAAP reconciliations for footnotes.            
                     
                     
    Non-GAAP Measures (unaudited)
    ($ in thousands)
                     
      Three Months Ended   Six Months Ended
      June 30, March 31, December 31, September 30, June 30,   June 30, June 30,
        2025     2025     2024     2024     2024       2025     2024  
    PPNR:                
    Net interest income (FTE)2 $ 521,853   $ 393,003   $ 399,957   $ 397,868   $ 394,761     $ 914,856   $ 757,472  
    Add: Noninterest income   132,517     93,794     95,766     94,138     87,271       226,311     164,793  
    Total revenue (FTE)   654,370     486,797     495,723     492,006     482,032       1,141,167     922,265  
    Less: Noninterest expense   (384,766 )   (268,471 )   (276,824 )   (272,283 )   (282,999 )     (653,237 )   (545,316 )
    PPNR $ 269,604   $ 218,326   $ 218,899   $ 219,723   $ 199,033     $ 487,930   $ 376,949  
    Adjustments:                
    Pension plan termination gain $ (21,001 ) $   $   $   $     $ (21,001 ) $  
    Debt securities (gains) losses $ 41   $ 76   $ 122   $ 76   $ (2 )   $ 117   $ 14  
    Noninterest income adjustments   (20,960 )   76     122     76     (2 )     (20,884 )   14  
    Adjusted noninterest income   111,557     93,870     95,888     94,214     87,269       205,427     164,807  
    Adjusted revenue $ 633,410   $ 486,873   $ 495,845   $ 492,082   $ 482,030     $ 1,120,283   $ 922,279  
    Adjustments:                
    Merger-related charges $ 41,206   $ 5,856   $ 8,117   $ 6,860   $ 19,440     $ 47,062   $ 22,348  
    Separation expense               2,646                
    Distribution of excess pension assets                             13,318  
    FDIC Special Assessment                             2,994  
    Noninterest expense adjustments   41,206     5,856     8,117     9,506     19,440       47,062     38,660  
    Adjusted total noninterest expense   (343,560 )   (262,615 )   (268,707 )   (262,777 )   (263,559 )     (606,175 )   (506,656 )
    Adjusted PPNR $ 289,850   $ 224,258   $ 227,138   $ 229,305   $ 218,471     $ 514,108   $ 415,623  
    Efficiency Ratio:                
    Noninterest expense $ 384,766   $ 268,471   $ 276,824   $ 272,283   $ 282,999     $ 653,237   $ 545,316  
    Less: Amortization of intangibles   (19,630 )   (6,830 )   (7,237 )   (7,411 )   (7,425 )     (26,460 )   (12,880 )
    Noninterest expense, excl. amortization of intangibles   365,136     261,641     269,587     264,872     275,574       626,777     532,436  
    Less: Amortization of tax credit investments   (5,815 )   (3,424 )   (4,556 )   (3,277 )   (2,747 )     (9,239 )   (5,496 )
    Less: Noninterest expense adjustments   (41,206 )   (5,856 )   (8,117 )   (9,506 )   (19,440 )     (47,062 )   (38,660 )
    Adjusted noninterest expense, excluding amortization $ 318,115   $ 252,361   $ 256,914   $ 252,089   $ 253,387     $ 570,476   $ 488,280  
    Total revenue (FTE)2 $ 654,370   $ 486,797   $ 495,723   $ 492,006   $ 482,032     $ 1,141,167   $ 922,265  
    Less: Debt securities (gains) losses   41     76     122     76     (2 )     117     14  
    Less: Pension plan gain   (21,001 )                     (21,001 )    
    Total adjusted revenue $ 633,410   $ 486,873   $ 495,845   $ 492,082   $ 482,030     $ 1,120,283   $ 922,279  
    Efficiency Ratio   55.8 %   53.7 %   54.4 %   53.8 %   57.2 %     54.9 %   57.7 %
    Adjusted Efficiency Ratio   50.2 %   51.8 %   51.8 %   51.2 %   52.6 %     50.9 %   52.9 %
                     
    Refer to last page of Non-GAAP reconciliations for footnotes.            
                     
    Non-GAAP Measures (unaudited)
    ($ in thousands)
                     
      Three Months Ended   Six Months Ended
      June 30, March 31, December 31, September 30, June 30,   June 30, June 30,
        2025     2025     2024     2024     2024       2025     2024  
    ROAE and ROATCE:                
    Net income applicable to common shares $ 121,375   $ 140,625   $ 149,839   $ 139,768   $ 117,196     $ 262,000   $ 233,446  
    Amortization of intangibles   19,630     6,830     7,237     7,411     7,425       26,460     12,880  
    Tax effect1   (4,908 )   (1,708 )   (1,809 )   (1,853 )   (1,856 )     (6,615 )   (3,220 )
    Amortization of intangibles, net   14,722     5,122     5,428     5,558     5,569       19,845     9,660  
    Net income applicable to common shares, excluding intangibles amortization   136,097     145,747     155,267     145,326     122,765       281,845     243,106  
    Total adjustments, net (see pg.12)   69,478     4,829     6,150     7,448     26,862       74,307     41,403  
    Adjusted net income applicable to common shares, excluding intangibles amortization $ 205,575   $ 150,576   $ 161,417   $ 152,774   $ 149,627     $ 356,152   $ 284,509  
    Average shareholders’ equity $ 7,452,116   $ 6,416,485   $ 6,338,953   $ 6,190,071   $ 5,978,976     $ 6,937,161   $ 5,772,259  
    Less: Average preferred equity   (243,719 )   (243,719 )   (243,719 )   (243,719 )   (243,719 )     (243,719 )   (243,719 )
    Average shareholders’ common equity $ 7,208,397   $ 6,172,766   $ 6,095,234   $ 5,946,352   $ 5,735,257     $ 6,693,442   $ 5,528,540  
    Average goodwill and other intangible assets   (2,670,710 )   (2,292,526 )   (2,301,177 )   (2,304,597 )   (2,245,405 )     (2,482,663 )   (2,171,872 )
    Average tangible shareholder’s common equity $ 4,537,687   $ 3,880,240   $ 3,794,057   $ 3,641,755   $ 3,489,852     $ 4,210,779   $ 3,356,668  
    ROAE   6.7 %   9.1 %   9.8 %   9.4 %   8.2 %     7.8 %   8.4 %
    ROAE, adjusted   10.6 %   9.4 %   10.2 %   9.9 %   10.0 %     10.0 %   9.9 %
    ROATCE   12.0 %   15.0 %   16.4 %   16.0 %   14.1 %     13.4 %   14.5 %
    ROATCE, adjusted   18.1 %   15.5 %   17.0 %   16.8 %   17.1 %     16.9 %   17.0 %
                     
    Refer to last page of Non-GAAP reconciliations for footnotes.            
               
    Non-GAAP Measures (unaudited)
    ($ in thousands)
               
      As of
      June 30, March 31, December 31, September 30, June 30,
        2025     2025     2024     2024     2024  
    Tangible Common Equity:          
    Shareholders’ equity $ 8,126,387   $ 6,534,654   $ 6,340,350   $ 6,367,298   $ 6,075,072  
    Less: Preferred equity   (243,719 )   (243,719 )   (243,719 )   (243,719 )   (243,719 )
    Shareholders’ common equity $ 7,882,668   $ 6,290,935   $ 6,096,631   $ 6,123,579   $ 5,831,353  
    Less: Goodwill and other intangible assets   (2,944,372 )   (2,289,268 )   (2,296,098 )   (2,305,084 )   (2,306,204 )
    Tangible shareholders’ common equity $ 4,938,296   $ 4,001,667   $ 3,800,533   $ 3,818,495   $ 3,525,149  
               
    Total assets $ 70,979,805   $ 53,877,944   $ 53,552,272   $ 53,602,293   $ 53,119,645  
    Less: Goodwill and other intangible assets   (2,944,372 )   (2,289,268 )   (2,296,098 )   (2,305,084 )   (2,306,204 )
    Tangible assets $ 68,035,433   $ 51,588,676   $ 51,256,174   $ 51,297,209   $ 50,813,441  
               
    Risk-weighted assets3 $ 52,517,871   $ 40,266,670   $ 40,314,805   $ 40,584,608   $ 40,627,117  
               
    Tangible common equity to tangible assets   7.26 %   7.76 %   7.41 %   7.44 %   6.94 %
    Tangible common equity to risk-weighted assets3   9.40 %   9.94 %   9.43 %   9.41 %   8.68 %
    Tangible Common Book Value:          
    Common shares outstanding   391,818     319,236     318,980     318,955     318,969  
    Tangible common book value $ 12.60   $ 12.54   $ 11.91   $ 11.97   $ 11.05  
               
    1 Tax-effect calculations use management’s estimate of the full year FTE tax rates (federal + state).
    2 Calculated using the federal statutory tax rate in effect of 21% for all periods.
    3 June 30, 2025 figures are preliminary.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1e11c9d1-b9ea-4a5c-a250-cb6dc83091a5

    The MIL Network

  • MIL-OSI: Gilat Awarded Approximately $60 Million to Provide Digital Inclusion Solutions in Peru

    Source: GlobeNewswire (MIL-OSI)

    PETAH TIKVA, Israel, July 22, 2025 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that its Peruvian subsidiary, Gilat Perú, has been awarded approximately $60 million in orders from Pronatel (Programa Nacional de Telecomunicaciones), Peru’s national telecommunications program. The orders are for upgrading the Regional Broadband infrastructure across the regions of Apurímac, Huancavelica and Ayacucho. Migration is expected to take place over the next 12 months and the service will be delivered over 4 years.

    This major infrastructure modernization will bring high-speed internet of 200 Mbps directly to nearly 800 public institutions, including schools, health centers, and police stations across 280 localities. The award marks a significant step forward in closing the digital divide and empowering rural communities in Peru with the connectivity they need to access education, healthcare, and public services, laying a strong, scalable foundation for future bandwidth growth in rural areas that need it most.

    The project reflects Gilat’s continued partnership with the Peruvian State and long-standing commitment to digital access for all, strengthening public services in some of the most remote areas of Peru.

    “With extensive experience implementing complex connectivity projects throughout Peru, we are uniquely qualified to carry out this critical migration in record time,” said Arieh Rohrstock, Corporate Senior Vice President and President, Gilat Peru. “Together with Pronatel, we’re advancing our shared goal of increasing digital inclusion in the most remote regions of the country by delivering the high-speed infrastructure needed to support essential public services.”

    About Gilat

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

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

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

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

    Contact:

    Gilat Satellite Networks

    Hagay Katz, Chief Product and Marketing Officer

    hagayk@gilat.com

    Alliance Advisors:

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

    The MIL Network

  • India implements world’s largest grain storage plan in cooperative sector

    Source: Government of India

    Source: Government of India (4)

    The central government is moving swiftly to implement the “World’s Largest Grain Storage Plan in the Cooperative Sector,” an ambitious initiative aimed at revolutionizing rural agri-infrastructure and empowering Primary Agricultural Credit Societies (PACS) across the country. Approved on May 31, 2023, the plan is currently being rolled out as a pilot project and is set to transform grain storage and agricultural logistics at the grassroots level.

    Minister of Cooperation, Amit Shah, shared these updates in a written reply in the Lok Sabha, emphasizing the Government’s commitment to transforming the cooperative sector into a pillar of rural economic development.

    The plan focuses on the creation of infrastructure at the PACS level, including godowns, custom hiring centers, food processing units, and Fair Price Shops. These developments are being implemented through convergence of various government schemes such as the Agriculture Infrastructure Fund (AIF), Agricultural Marketing Infrastructure Scheme (AMI), Sub-Mission on Agricultural Mechanization (SMAM), and the Pradhan Mantri Formalization of Micro Food Processing Enterprises (PMFME) scheme.

    As part of the pilot phase, construction of godowns has been completed in 11 PACS across 11 states, including Maharashtra, Uttar Pradesh, Madhya Pradesh, Gujarat, Tamil Nadu, Rajasthan, Telangana, Karnataka, Tripura, Assam, and Uttarakhand. The total storage capacity developed so far stands at 9,750 metric tonnes, with integrated facilities such as seed grading units, processing centers, and Grameen Haats also being established in some locations. More than 500 additional PACS have been identified for godown construction, with a completion target set for December 2026.

    To support the initiative’s expansion, the Government has approved a parallel plan to establish new multipurpose PACS, dairy, and fisheries cooperatives, with the aim of reaching every panchayat and village within five years. Supported by NABARD, NDDB, NFDB, and State/UT governments, this plan has already resulted in the registration of 22,933 new cooperative societies since February 15, 2023—including 5,937 multipurpose PACS. A comprehensive implementation guide, Margadarshika, was launched on September 19, 2024, to outline the timelines and responsibilities of all stakeholders.

    Additionally, in a move to digitally empower PACS, the Government has approved a ₹2,925.39 crore project for their computerization. This project will bring all functional PACS under a common ERP-based national software, ensuring integration with NABARD through State Cooperative Banks (StCBs) and District Central Cooperative Banks (DCCBs). As of June 30, 2025, a total of 73,492 PACS across 31 States and Union Territories have been sanctioned for inclusion. Of these, 59,920 have already been onboarded onto the ERP system, with hardware delivered to 64,323 PACS.

    The project is not only streamlining agricultural operations but is also expected to improve transparency, record-keeping, and credit delivery across the cooperative sector. States like Maharashtra, Rajasthan, Tamil Nadu, Gujarat, and Uttar Pradesh are leading in the number of PACS onboarded and operationalized under the ERP system.

  • MIL-OSI: PAXMINING has launched a compliant and secure cloud mining platform, supporting daily ETH/XRP payouts, AI-optimized hash power, and global device access anytime.

    Source: GlobeNewswire (MIL-OSI)

    London, UK, July 22, 2025 (GLOBE NEWSWIRE) — In the rapidly evolving world of cryptocurrency, PAXMINING has emerged as a global leader in cloud mining, providing a secure, compliant, and user-friendly platform that enables users to earn daily yields in Ethereum (ETH) and Ripple (XRP). PAXMINING is committed to providing convenience, sustainability, and cutting-edge technology to make cryptocurrency mining accessible to everyone, without the need for expensive hardware or technical expertise. With AI-optimized hashrate, global device access, and a focus on renewable energy, PAXMINING is redefining the future of passive income in cryptocurrency.

    Platform Benefits

    AI-Optimized Hashrate: Proprietary algorithms dynamically allocate hashrate to the highest-yielding cryptocurrencies, maximizing yields in real time. This AI-driven approach ensures users benefit from market fluctuations without human intervention.

    Global Device Access: Whether it’s a smartphone, tablet, or desktop computer, PAXMINING’s intuitive platform is accessible worldwide through its web interface or mobile app (available for iOS and Android). Users can monitor earnings and manage contracts anytime, anywhere.

    Sustainable Mining: PAXMINING operates more than 70 mining farms that use 100% renewable energy (wind, solar and hydroelectric power), combining profitability with environmental responsibility to support global carbon neutrality goals.

    No hardware or technical knowledge required: PAXMINING removes the barriers of traditional mining by handling all back-end operations, including equipment maintenance, cooling systems and power supply. Users only need to select a contract to start making money.

    Multi-currency support: The platform supports mining and withdrawal of multiple cryptocurrencies, including ETH, XRP, BTC, USDT, USDC, SOL, DOGE, LTC and BCH, providing flexibility for diversified portfolios.

    Low barriers and registration bonus: New users can receive a welcome bonus of $15, allowing everyone to participate in mining without any initial investment.

    Transparent pricing: PAXMINING offers clear contracts without any hidden fees, ensuring that users clearly understand the fees they pay and the benefits they receive.

    Mining Contracts and Daily Returns

    PAXMINING offers a range of flexible mining contracts that can be tailored to different budgets and investment goals, with daily payouts in ETH or XRP. Each contract is designed to achieve predictable returns and return the principal in full upon contract expiration. The following is a detailed analysis of PAXMINING’s contract options based on available information:

    Contract Project Investment Amount The term Total revenue
    WhatsMiner M50S+ $100 2days $100+$6
    Canaan Avalon miner A14 $500 7days $500+$43.40
    WhatsMiner M60S+ $1,300 15days $1,300+$253.5
    ALPH Miner AL1 $3,500 30days $3,500+$948‬
    Bitcoin Miner S21 XP Imm  $8,000 35days $8,000+$4424
    Bitcoin Miner S21 XP Hyd $12,800 40 days $12,800+$8,601

    Observação: Os lucros estão disponíveis no dia seguinte à compra do contrato e podem ser sacados para sua carteira ou usados para comprar outros contratos. (A plataforma oferece vários contratos de retorno estável; visite o site da PAXMINING para mais detalhes.)

    How it works

    Choose a contract: Select a mining plan that fits your budget and goals, ranging from short-term (1 day) to long-term (54 days).

    Start earning: Track your daily profits in real time and withdraw your earnings in ETH, XRP or other supported cryptocurrencies.

    Why PAXMINING?

    PAXMINING’s blend of AI-driven optimization, global accessibility, and sustainable practices make it an excellent choice for cloud mining. The platform is committed to transparency, security, and ease of use, ensuring that users can confidently participate in the crypto economy without the complexities of traditional mining. With over 8 million users from over 190 countries and a proven track record since 2017, PAXMINING is your reliable partner for generating passive income with ETH and XRP.

    For more information or to get started with your mining contract, visit:

    https://paxmining.com or (click to download the mobile app)

    For direct inquiries, contact: info@paxmining.com

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    The MIL Network

  • MIL-OSI: Hut 8 Advances Capital Strategy with DIFC License

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, July 22, 2025 (GLOBE NEWSWIRE) — Hut 8 Corp. (Nasdaq | TSX: HUT) (“Hut 8” or the “Company”), an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing, today announced that its subsidiary, Hut 8 Investment Ltd, has secured a Commercial License in the Dubai International Financial Centre (“DIFC”). The license authorizes proprietary investments and certain non-financial commercial activity under the DIFC’s legal and regulatory framework, which is based on international standards and principles of common law.

    The DIFC license represents a structural expansion of Hut 8’s capital strategy, enhancing the Company’s ability to deploy Bitcoin held in reserve into structured derivatives strategies. The license is expected to broaden access to institutional counterparties, reduce trading friction, and lower transaction costs. In fiscal year 2024, Hut 8 generated more than $20 million in net proceeds from covered call options premiums on Bitcoin held in reserve. Through its presence in the DIFC, Hut 8 expects to unlock multiple advantages that support continued expansion of its active treasury management program, including:

    • Direct access to global derivatives markets: Enables Hut 8 to trade directly on institutional exchanges, reducing reliance on OTC intermediaries that historically introduced cost friction relative to spot pricing
    • Broader access to institutional-grade products and counterparties: Unlocks a wider set of global liquidity providers and instruments, enhancing strategic optionality
    • Greater flexibility in structured strategy design and execution: Allows Hut 8 to construct and manage advanced yield strategies that would more difficult to execute without a DIFC license
    • Supportive regulatory environment within a common law framework: Dubai offers an established legal and regulatory foundation for institutional digital asset activity, supporting enhanced enforceability, compliance certainty, and jurisdictional alignment

    “We believe that securing a DIFC license enhances our ability to drive outsized shareholder returns through our integrated capital strategy,” said Asher Genoot, CEO of Hut 8. “It allows us to execute directly on global derivatives markets, reduce trading costs, and access a broader range of institutional products. Within a regulatory environment that supports structured digital asset strategies, we believe we can manage Bitcoin held in reserve more efficiently, manage risk with greater precision, and optimize yield through disciplined, proactive management.”

    About Hut 8 

    Hut 8 Corp. is an energy infrastructure platform integrating power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases such as Bitcoin mining and high-performance computing. We take a power-first, innovation-driven approach to developing, commercializing, and operating the critical infrastructure that underpins the breakthrough technologies of today and tomorrow. Our platform spans 1,020 megawatts of energy capacity under management across 15 sites in the United States and Canada: five Bitcoin mining, hosting, and Managed Services sites in Alberta, New York, and Texas, five high performance computing data centers in British Columbia and Ontario, four power generation assets in Ontario, and one non-operational site in Alberta. For more information, visit www.hut8.com and follow us on X at @Hut8Corp.

    About Dubai International Financial Centre

    Dubai International Financial Centre (DIFC) is one of the world’s most advanced financial centres and a leading financial hub for the Middle East, Africa, and South Asia (MEASA). With a 20-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe, and the Americas through Dubai. DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework. The Centre’s vision is to drive the future of finance through cutting-edge technology, innovation, and partnerships. Today, it is the global future of finance and innovation hub offering one of the region’s most comprehensive AI, FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups. For further information, please visit our website: difc.ae or follow us on LinkedIn and X at @DIFC.

    Cautionary Note Regarding Forward–Looking Information

    This press release includes “forward-looking information” and “forward-looking statements” within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, “forward-looking information”). All information, other than statements of historical facts, included in this press release that address activities, events, or developments that Hut 8 expects or anticipates will or may occur in the future, including statements relating to the Company’s use of its DIFC license to expand its capital strategy, enhance the Company’s ability to deploy Bitcoin held in reserve, broaden access to institutional counterparties, reduce trading friction, lower transaction costs, and unlock other advantages to support the expansion of the Company’s active treasury management program; the impact of the DIFC’s regulatory framework; the ability of the Company to drive outsized shareholder returns; and other such matters is forward-looking information. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “allow”, “believe”, “estimate”, “expect”, “predict”, “can”, “might”, “potential”, “predict”, “is designed to”, “likely,” or similar expressions.

    Statements containing forward-looking information are not historical facts, but instead represent management’s expectations, estimates, and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, failure of critical systems; geopolitical, social, economic, and other events and circumstances; competition from current and future competitors; risks related to power requirements; cybersecurity threats and breaches; hazards and operational risks; changes in leasing arrangements; Internet-related disruptions; dependence on key personnel; having a limited operating history; attracting and retaining customers; entering into new offerings or lines of business; price fluctuations and rapidly changing technologies; construction of new data centers, data center expansions, or data center redevelopment; predicting facility requirements; strategic alliances or joint ventures; operating and expanding internationally; failing to grow hashrate; purchasing miners; relying on third-party mining pool service providers; uncertainty in the development and acceptance of the Bitcoin network; Bitcoin halving events; competition from other methods of investing in Bitcoin; concentration of Bitcoin holdings; hedging transactions; potential liquidity constraints; legal, regulatory, governmental, and technological uncertainties; physical risks related to climate change; involvement in legal proceedings; trading volatility; and other risks described from time to time in Company’s filings with the U.S. Securities and Exchange Commission. In particular, see the Company’s recent and upcoming annual and quarterly reports and other continuous disclosure documents, which are available under the Company’s EDGAR profile at www.sec.gov and SEDAR+ profile at www.sedarplus.ca.

    Hut 8 Corp. Investor Relations
    Sue Ennis
    ir@hut8.com

    Hut 8 Corp. Public Relations
    Gautier Lemyze-Young
    media@hut8.com

    The MIL Network

  • MIL-OSI: Landlord Sentiment Shifts in 2025: Fewer Acquisitions, More Spending on Existing Properties

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 22, 2025 (GLOBE NEWSWIRE) — New survey results from RentRedi, the fastest-growing rental management software, including joint data from BiggerPockets, show a measurable shift in landlord priorities for 2025. Compared to late 2024, fewer landlords plan to expand their portfolios, while more are investing in property improvements and optimizing operations. RentRedi’s rental market survey examines notable shifts in trends relating to investment strategies, renovation spending, and business priorities over time.

    As a follow-up to a survey that was conducted in November 2024, the same questions were posed to U.S. landlords between June 3-26, 2025, and responses were analyzed by region and landlord size. Over the past six months, the share of landlords planning to buy new properties dropped from 67% in November 2024 to 53% in June 2025—a 14-point decline. During the same period, the portion of landlords with no plans to change their portfolio rose by 11% from 32% to over 43%. Fewer than 1 in 25 landlords say they plan to sell a rental property this year.

    Regionally, the West experienced the biggest shift in sentiment, with the number of landlords saying they have no plans to make portfolio changes rising from 39% to 53%, a 14-point increase. In contrast, the Northeast was the most acquisition-oriented region, with 57% of investors still planning to buy property in 2025, outpacing the national average.

    Differences by landlord size also emerged. While all portfolio sizes saw a decline in buying plans, landlords with 20 or more units remain more active than their smaller counterparts. A little over 1 in 5 large landlords plan to both buy and sell property this year, compared to just 5% of small landlords. Nearly half of small landlords say they have no plans to change their portfolio, compared to 38% of large landlords.

    Another major shift is visible in home improvement plans. As of June, 35% of landlords expect to spend more than $20,000 on property upgrades this year, up from 27% in November. Nearly 2 in 3 respondents anticipate spending over $5,000 in total. Landlords with large portfolios are leading the charge: nearly two-thirds expect to spend more than $20,000, up from 36% in November. Small landlords remained more conservative, with nearly half still budgeting under $5,000.

    Regionally, the Midwest and West saw the most dramatic increases in high-dollar spending. In both regions, the share of landlords expecting to invest more than $20,000 rose by 10 points or more. At the same time, a June joint survey with BiggerPockets found that exactly half of landlords have paused some or all home improvement projects planned for 2025, suggesting a range of financial strategies and priorities depending on portfolio structure and resources.

    A separate July survey from RentRedi and BiggerPockets explored the reasons behind declining acquisition plans. More than half of landlords cited property prices as the biggest barrier to buying, while nearly a quarter pointed to interest rates. Others said slow revenue growth or time commitment were their main challenges.

    When asked what they hoped to achieve by using tools or resources in their rental business, more than one-third said increasing revenue was most important. Another one-third prioritized saving time and effort, followed by reducing costs and increasing property value.

    “With tools like RentRedi, landlords are managing their properties more efficiently, even as they face evolving challenges,” said RentRedi Co-founder and CEO Ryan Barone. “From automation to mobile access to financial reporting, we’re focused on giving landlords the control and visibility they need to make smarter decisions—whether they’re expanding, renovating, or holding steady.”

    Landlord motivations remained consistent across the board. Income generation continues to be the top reason for managing rental properties, selected by over 40% of respondents, followed by long-term investment and financial freedom. Larger landlords are more focused on income—more than half selected it as their primary goal, compared to about one-third who emphasized long-term investment and 16% who cited financial freedom, which is slightly below the 18% national average.

    Diversification appears to be a low priority in 2025. About 40% of landlords said they do not plan to diversify their portfolios by property type or location, and another quarter are unsure. Slightly more than 1 in 3 landlords say they plan to diversify in any way this year.

    This report is part of RentRedi’s ongoing initiative to surface real-world insights from landlords and property managers through data, direct surveys, and collaborations with trusted communities like BiggerPockets. For more data insight and survey result reports, visit RentRedi’s Rental Market Insights.

    Survey Methodology

    RentRedi landlords were surveyed between June 3-26, 2025. There were 1,623 respondents in total. Landlords were classified into U.S. regions by their primary business location as follows: Northeast (CT, MA, ME, NH, NJ, NY, PA, RI); Midwest (IA, IL, IN, KS, MI, MN, MO, ND, NE, OH, SD, WI, VT); South (AL, AR, DC, DE, FL, GA, KY, LA, MD, MS, NC, OK, SC, TN, TX, VA, WV); and West (AK, AZ, CA, CO, HI, ID, MT, NM, NV, OR, UT, WA, WY). Landlords were also classified by real estate portfolio size as follows: small landlords (1-4 rental units); medium landlords (5-19 rental units); and large landlords (20+ rental units). Percentages have been rounded to the nearest whole number, and therefore the values in each barchart may not equal 100%. Separately, BiggerPockets conducted its own surveys via YouTube in June and July 2025. The full survey results can be found here.

    About RentRedi

    RentRedi offers an award-winning, comprehensive rental property management platform that simplifies the renting process for landlords and renters by automating and streamlining processes. Investors can quickly grow their rental businesses by using RentRedi’s all-in-one web and mobile app for rent collection, market listings, tenant screening, lease signing, maintenance coordination, and accounting. Tenants enjoy the convenience and benefits of RentRedi’s easy-to-use mobile app that allows them to pay rent, set up auto-pay, build credit by reporting rent payments to all three major credit bureaus, prequalify and sign leases, and submit 24/7 maintenance requests.

    Founded in 2016, RentRedi is VC-backed and a proven leader in the PropTech market. The company ranks No. 180 on the Inc. 5000 list and No. 13 on the Inc. 5000 Regionals list. It was also named an Inc. Power Partner in 2023 and 2024, and to Fast Company’s Next Big Things in Tech list in 2024, as well as HousingWire’s Tech100 list in 2025. To date, RentRedi has more than $28 billion in assets under management with nearly 200,000 landlords and tenants using its platform. The company partners with technology leaders such as Zillow, TransUnion, Experian, Equifax, Realtor.com, Lessen, Thumbtack, Plaid, and Stripe to create the best customer experience possible. For more information visit RentRedi.com.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/1e1f54bc-0e48-44d2-ac3d-91e5bc17b910

    https://www.globenewswire.com/NewsRoom/AttachmentNg/caf18e40-7b6f-4476-813a-0e363f878e93

    https://www.globenewswire.com/NewsRoom/AttachmentNg/8172cf42-500a-4823-9640-3a5dbf32fa91

    The MIL Network

  • MIL-OSI NGOs: Iran: Deliberate Israeli attack on Tehran’s Evin prison must be investigated as a war crime 

    Source: Amnesty International –

    The Israeli military’s deliberate air strikes on Evin prison in Tehran on 23 June 2025 constitute a serious violation of international humanitarian law and must be criminally investigated as war crimes, Amnesty International said today, following an in-depth investigation. 

    Verified video footage, satellite imagery and interviews with eyewitnesses, prisoners’ families and human rights defenders indicate that the Israeli military carried out multiple air strikes on Evin prison, killing and injuring scores of civilians and causing extensive damage and destruction in at least six locations across the prison complex. The attack took place during the working day, at a time when many parts of the prison were packed with civilians. Hours later, the Israeli military confirmed it had attacked the prison and senior Israeli officials boasted about it on social media. According to the Iranian authorities, at least 80 civilians – 79 men and women and a five-year-old boy – were killed.  

    Under international humanitarian law, a prison or place of detention is presumed a civilian object and there is no credible evidence in this case that Evin prison constituted a lawful military objective. 

    The evidence establishes reasonable grounds to believe that the Israeli military brazenly and deliberately attacked civilian buildings.

    Erika Guevara Rosas, Senior Director for Research, Advocacy, Policy and Campaigns. 

    “The evidence establishes reasonable grounds to believe that the Israeli military brazenly and deliberately attacked civilian buildings. Directing attacks at civilian objects is strictly prohibited under international humanitarian law. Carrying out such attacks knowingly and deliberately constitutes a war crime,” said Erika Guevara Rosas, Senior Director for Research, Advocacy, Policy and Campaigns. 

    It is believed that Evin prison held around 1,500-2,000 prisoners at the time of the attack, including arbitrarily detained human rights defenders, protesters, political dissidents, members of persecuted religious minorities, and dual and foreign nationals frequently held for diplomatic leverage. At any given time, there were also hundreds of other civilians in the prison complex. The attack took place during prison visitation hours. 

    “The Israeli forces should have known that any air strikes against Evin prison could result in significant civilian harm. Prosecution authorities around the world must ensure that all those responsible for this deadly attack are brought to justice, including through use of the principle of universal jurisdiction. The Iranian authorities must also grant the International Criminal Court jurisdiction over all Rome Statute crimes committed on or perpetrated from its territory, said Erika Guevara Rosas. 

    An overview of Evin prison, with the exterior walled perimeter marked in orange. The six yellow circles highlight areas with the most significant destruction, indicating these were the locations where the munitions landed. The blasts and resulting damage extended beyond the six areas. 
    A map of Evin prison indicating building names or functions based on Amnesty International’s interviews with former prisoners. 
    Scores of civilians killed and injured  

    Between 11am to 12pm Tehran time on 23 June 2025, Israeli air strikes hit multiple locations over 500 metres apart inside Evin prison, destroying or damaging numerous buildings and other structures within the prison complex, as well as nearby residential buildings outside the complex.  

    Evin prison is located in a populated area with residential buildings to its east and south. A nearby resident described the scene following the attack to Amnesty International: 

    “I suddenly heard a terrible sound. I looked out of the window and realised that smoke and dust were rising from Evin prison. Both the sound of the explosion and the appearance of the dust and smoke were horrific… I had thought our home would be safe [as] we are near a prison… I couldn’t believe it.” 

    The authorities have so far named 57 civilians who were killed in the attack including five female social workers, 13 young men performing mandatory national service as prison guards or administrators, and 36 other prison staff – 30 men and six women – and the child of one of the social workers. After drawing public criticism for failing to disclose the identities of prisoners, their relatives and nearby residents killed, the authorities published a report on 14 July 2025 revealing two names: a nearby resident – Mehrangiz Imanpour – and a woman volunteering to help raise funds for debt prisoners – Hasti Mohammadi. Amnesty International had already verified the name of Mehrangiz Imanpour, as well as the names of one prisoner, Masoud Behbahani, a prisoner’s relative, Leila Jafarzadeh, and a passerby Aliasghar Pazouki, who were also killed. 

    Israeli officials’ self-incriminating admissions  

    Within hours of the attack, senior Israeli officials boasted about it on social media, framing it as a “targeted strike” against a “symbol of oppression for the Iranian people.” 

    Israel’s Defence Minister, Israel Katz, said on X that Israeli forces were attacking with “unprecedented force regime targets and government repression bodies in the heart of Tehran including…Evin prison.” 

    Minutes later, Foreign Affairs Minister Gideon Sa’ar posted on X: “We warned Iran time and again: stop targeting civilians! They continued, including this morning. Our response: [Long live freedom…].” Alongside this post was a video purporting to show CCTV footage of the prison gate being blown up. Analysis of the video by Amnesty International indicates the footage was digitally manipulated likely using an old photograph of the prison gate. The video was first posted on Persian-language Telegram channels, but Amnesty International could not trace its original source. 

    Later the same day, the Israeli military confirmed in a statement that they had carried out “a targeted strike” on “the notorious Evin Prison”. The statement appeared to justify the attack by saying that “enemies of the regime” were held and tortured there and alleging that “intelligence operations against the State of Israel, including counter espionage” were carried out in the prison. However, the interrogation of detainees accused of spying for Israel or the presence of intelligence officials within the prison compound would not render the penal facility itself a legitimate military objective under international humanitarian law. 

    Entrance gate and prosecution office in the south 

    Before and after false-colour, near infrared satellite imagery from 10 April 2025 and 30 June 2025 reveals the destruction in four distinct locations in the south and central parts of Evin prison where munitions likely landed (shown with yellow circles) and signs of burning (visible in near-infrared in dark black hues) in many areas, likely from vehicles that caught fire and spread to buildings in the area.  

    In the south of the prison, the main entrance gate, along with the adjoining wall and the visitor information building to the east of the gate were destroyed. The building to the west of the gate and the adjoining Shahid Moghaddas prosecution office were extensively damaged. Further inside the southern part of the prison, the car park and a building next to the Quarantine section were damaged. 

    An informed source told Amnesty International that a woman named Leila Jafarzadeh, 35, was killed while visiting the prosecution office to post bail to secure the release of her imprisoned husband. 

    The destruction of the entrance gate and its surroundings was captured in a verified video showing rescue workers carrying at least one injured person on a stretcher amid scenes of destruction and extensive rubble on the ground. 

    Footage published by state media and verified by Amnesty International also shows structural damage to the prosecution office’s walls and building framework, indicating that the force of the blast penetrated deep into the building. 

    Satellite imagery from 30 June 2025 reveals a location (shown with a yellow circle) where munitions likely landed. Ground images (right) geolocated to the north and south areas of the southern entrance gate show major destruction. 
    Administrative building and quarantine section housing prisoners  

    Deeper inside the southern area of the prison, the administrative building and a smaller adjoining building which, according to a former prisoner, contained an office of the prison’s security force called the Protection Cohort, were significantly impacted, while several nearby structures were destroyed. 

    Satellite imagery from 30 June 2025 shows significant damage to part of the roof on the west side of the Protection Cohort building. Satellite imagery further shows that to the east of the building, an internal gate, perimeter wall and two small structures – likely guard posts – were all destroyed in the strike. 

    The two identified locations are consistent with the analysis of video footage and information received from two former prisoners of conscience Atena Daemi and Hossein Razagh.  

    Verified videos also depict destroyed windows, collapsed walls and extensive rubble on both the western and eastern sides of the administrative building. The first floor appears to be largely obliterated, with missing structural walls visible in multiple sections. 

    An image published by state media and verified by Amnesty International shows what appears to be a crater inside the west side of the administrative building showing the first floor collapsed downward. 

    According to a state media report on 6 July 2025, at least nine women, one man and a child were killed in the administrative building. Shargh Daily and Hammihan, two prominent newspapers in Iran, named three of the victims in reports published on 25 June and 1 July 2025, respectively. They included social worker Zahra Ebadi, 52, who was killed along with her five-year-old son, Mehrad Kheiri; and an administrative staff member, Hamid Ranjbari, 40. 

    Satellite imagery (left) from 30 June 2025 reveals two locations (shown with yellow circles) where munitions likely landed. Ground images (right) show extensive damage to the administrative building. 

    Analysis of a verified video footage also shows that the quarantine section housing newly admitted prisoners, located near the administrative building, also sustained damage. 

    Medical clinic, kitchen and sections housing prisoners in the central part 

    In the central part of the prison, the medical clinic, central kitchen, section 4 housing male prisoners, section 209 which consists of solitary confinement cells where female and male prisoners are detained by the Minister of Intelligence, and the women’s section were extensively damaged. 

    Satellite imagery shows significant damage to structures adjacent to the medical clinic, while verified videos reveal damage to the clinic from the blast and burning cars.  

    A verified video shows the outside of the medical clinic covered in black soot and black smoke billowing from the windows. Another video shows significant destruction inside, with shattered windows, beds and medical equipment overturned and extensive rubble. 

    Satellite imagery (left) from 30 June 2025 reveals two locations (shown with yellow circles) where munitions likely landed. Geolocated photos and videos (right) show that the vehicle entrance gate collapsed. The clinic’s interior was significantly damaged, with walls and windows blown out, while the exterior shows severe fire damage and smoke.  

    The verified video evidence supports accounts from human rights defenders Narges Mohammadi and Sepideh Gholian, both based in Iran, who told Amnesty International that multiple eyewitnesses in Evin prison described to them extensive damage to the medical clinic. Narges Mohammadi shared that male prisoners in section 4, which is opposite the medical clinic, informed her the prison’s ambulance was destroyed, an account supported by video showing nearby vehicles reduced to wreckage. She also said the prisoners told her they witnessed an individual with extensive burns on their body walking out of the medical clinic and collapsing on the ground. 

    Two prisoners – Abolfazl Ghodiani and Mehdi Mahmoudian – who survived the Evin prison attack and were transferred to Greater Tehran Penitentiary wrote in a letter from inside prison published online on 1 July 2025: 

    “Evin prison shook with several consecutive explosions. Two or three blasts occurred near Section 4 and when prisoners exited the section’s door, they saw the medical clinic burning… Prisoners recovered the bodies of around 15-20 people, including medical clinic personnel, prisoners, warehouse staff, guards and agents from beneath the rubble.” 

    Saeedeh Makarem, a doctor volunteering in Evin prison who was injured, including with burns, described in a series of posts on Instagram in July 2025 how prisoners helped her:  

    “They dragged me to the corner of the wall. I was half-conscious. They brought me water and a blanket, put a splint in my leg, wiped the blood from my face… They could have left, but they didn’t… They saved me.” 

    Political dissident Hossein Razagh also told Amnesty International that section 4 prisoners described to him how prisoners were thrown against the walls due to the force of the blast and sustained head and face injuries. 

    These testimonies are corroborated by a verified video showing extensive damage to the front parts of sections 4 and 209. External doors and windows of sections 4 and 209 appear to have been shattered, with parts of the roof structure collapsed and large piles of rubble visible in the road.Multiple vehicles are destroyed and burned out, with black smoke damage on the surrounding building walls, indicating some of the fire may have originated from the cars. Satellite imagery from 30 June 2025 shows the burned buildings and black scorch marks from the cars The blast also appears to have affected the roof of the prison kitchen and damaged its windows. 

    According to Amnesty International’s research, the blast also affected section 209 staff offices, trapping some agents and guards under the rubble. Authorities have provided no information about the fate and whereabouts of prisoners held in solitary confinement in section 209, raising concerns about possible deaths or injuries. 

    Image showing the road with Section 209 on one side (left) and the vehicle entrance gate on the opposite side (right). 

    Amnesty International confirmed through an informed source the name of a prisoner in section 4, Masoud Behbahani, aged 71, who was killed. He suffered a heart attack when the blast threw him onto a chair and several prisoners fell on him. According to the source, instead of transferring him to a hospital, authorities transferred him to Greater Tehran Penitentiary where he died two days later after a second heart attack. 

    Amnesty International also analysed an image taken from inside the Women’s section showing visible damage to the ceiling and electrical infrastructure. 

    Entrance gate, judicial complex, visitation building and sections housing prisoners in the North 

    Before and after false-colour, near infrared imagery from 10 April 2025 and 27 June 2025 reveals the destruction in two distinct locations where munitions likely landed in the northern part of Evin prison (shown with yellow circles): the internal security walls and road in front of sections 240 and 241 and the north entrance gate in front of the visitation building and Shaheed Kachouyee judicial complex. 

    In the northern part of the prison, as visible in satellite imagery and verified videos, the entrance gate and adjacent wall were destroyed; the front part of the building containing the Shahid Kachouyee judicial complex and visitation building were extensively damaged; and two internal walls near sections 240 and 241 housing prisoners were destroyed. 

    Verified video and photographs also show blast-related damage to nearby high-rise residential buildings and vehicles outside the northern area of Evin prison. One video captures dozens of distressed people in Ahmadpour Street, at least one of whom appears to be injured. 

    An informed source described to Amnesty International how a nearby resident, Mehrangiz Imanpour, a 61-year-old painter who lived in Ahmadpour Street, was killed on her way home. 

    Shargh Daily reported that another passerby, Ali Asghar Pazouki, 69, was killed in front of the judicial complex and visitation building. 

    State media published videos and photographs which show blast damage in this area.  

    Satellite imagery (left) from 30 June 2025 reveals a location (shown with a yellow circle) where munitions likely landed. Geolocated images and videos (right) show extensive damage to the exterior and interior of the visitation building with windows shattered and parts of the roof and facade collapsed.  

    Satellite imagery analysed by Amnesty International indicates that a road and two security walls deeper within the northern part of the prison, near a building containing sections 240 and 241, were also destroyed. These sections are known to contain hundreds of solitary confinement cells, but no images showing the condition of the building have emerged and the authorities have not released any information about the fate of prisoners held there. 

    Amnesty International received accounts from prisoners’ families indicating that section 8, near sections 240 and 241, was damaged. Human rights lawyer Nasrin Sotoudeh told Amnesty International that her arbitrarily imprisoned husband, human rights defender, Reza Khandan, and other prisoners, were injured when rubble was propelled into the courtyard. 

    Political dissident Mohammad Nourizad, who was in section 8, called his family while the air strikes were ongoing. A recording of his call was published online on 24 June: 

    “They are dropping bombs on us. Some people are injured, the windows have broken, and everyone has scattered… They just hit again. I don’t know, it seems intentional… but bombing a prison is incompatible with any logic or code of conduct…They [prison authorities] closed the doors on us and we have no news.” 

    International law and standards 

    Under international humanitarian law, direct attacks on civilians and civilian objects are prohibited. Attacks may only be directed at combatants and military objectives. Military objectives are limited to those objects which by their nature, location, purpose or use make an effective contribution to military action and whose partial or total destruction, capture or neutralization, in the circumstances ruling at the time, offers a definite military advantage.  

    Attacking forces have an obligation to do everything feasible to protect civilians including by distinguishing between military targets and civilian objects; verifying whether their intended target is a military objective and canceling an attack if there is doubt; choosing means and methods of attack that will avoid, or in any event, minimize civilian harm; and providing effective advance warning to civilians unless circumstances do not permit. Even when targeting a legitimate military objective, an attack must not be carried out which may cause civilian harm that would be disproportionate in relation to the concrete and direct military advantage anticipated. If distinguishing between civilian objects and military targets is not feasible, the attack must not proceed. 

    States responsible for violations of international humanitarian law are required to make full reparations for the loss or injury caused. The UN Basic Principles and Guidelines on the Right to a Remedy and Reparation for Victims of Gross Violations of International Human Rights Law and Serious Violations of International Humanitarian Law enshrine the duty of states to provide effective remedies, including reparation to victims, including restitution, compensation, rehabilitation, satisfaction and guarantees of non-repetition. 

    Methodology 

    Amnesty International’s Evidence Lab analyzed satellite images from before and after the strikes and verified 22 videos and 59 photographs, which show extensive damage and destruction to six areas in the south, central, and northern parts of Evin prison complex.  

    Additionally, Amnesty International reviewed statements by Israeli and Iranian authorities and interviewed 23 people inside and outside Iran, including seven prisoners’ relatives; a nearby resident who witnessed the attack; two sources with information about two victims killed; two journalists; and 11 former prisoners including dissidents and human rights defenders who received information from prisoners, prisoners’ families, prison staff and emergency services attending the site. The organization also obtained from a source the recordings of four telephone calls between four prisoners and their families hours after the attack. 

    Amnesty International sent questions regarding the attack to the Israeli Minister of Defence on 3 July. At the time of publication, no response had been received. 

    Background 

    During the escalation of hostilities between Israel and Iran, at least 1,100 people were killed in Iran, including 132 women and 45 children, according to Iran’s Foundation for Martyrs and Veterans Affairs. At least 29 people, including women and children, were killed in Israel, according to the Israeli Health Ministry. 

    As part of Amnesty International’s ongoing investigations into violations of international humanitarian law and other human rights violations in the context of the escalation of hostilities between Israel and Iran, the organization will also publish findings relating to attacks by the Iranian authorities against Israel. 

    MIL OSI NGO

  • MIL-OSI NGOs: Iran: Deliberate Israeli attack on Tehran’s Evin prison must be investigated as a war crime – new evidence

    Source: Amnesty International –

    Video footage, satellite imagery, and eyewitness accounts reveal extensive civilian casualties and destruction

    According to Iranian authorities, at least 80 civilians – 79 men and women and a five-year-old boy – were killed

    Israeli military quickly claimed responsibility for the attack – senior officials boasted about it online

    ‘The evidence establishes reasonable grounds to believe that the Israeli military brazenly and deliberately attacked civilian buildings’ – Erika Guevara Rosas

    The Israeli military’s deliberate air strikes on Evin prison in Tehran on 23 June constitute a serious violation of international humanitarian law and must be criminally investigated as war crimes, Amnesty International said today following a detailed investigation. 

    Verified video footage, satellite imagery, and interviews with eyewitnesses, prisoners’ families and human rights defenders indicate that the Israeli military carried out multiple air strikes on Evin prison, killing and injuring scores of civilians and causing extensive damage and destruction in at least six locations across the prison complex.

    The attack occurred during the working day and prison visiting hours, when many parts of Evin prison were packed with civilians. At the time, the prison reportedly held between 1,500 and 2,000 detainees, including arbitrarily detained human rights defenders, protesters, political dissidents, persecuted religious minorities, and dual or foreign nationals often used as diplomatic leverage. Hundreds of civilians were also present within the complex. Hours after the strike, the Israeli military confirmed the attack, with senior officials publicly boasting about it on social media. According to Iranian authorities, at least 80 civilians – 79 men and women and a five-year-old boy – were killed.

    Under international humanitarian law, a prison or place of detention is presumed a civilian object and there is no credible evidence in this case that Evin prison constituted a lawful military objective. 

    Erika Guevara Rosas, Amnesty International’s Senior Director for Research, Advocacy, Policy and Campaigns, said:

    “The evidence establishes reasonable grounds to believe that the Israeli military brazenly and deliberately attacked civilian buildings. Directing attacks at civilian objects is strictly prohibited under international humanitarian law. Carrying out such attacks knowingly and deliberately constitutes a war crime.

    “The Israeli forces should have known that any air strikes against Evin prison could result in significant civilian harm. Prosecution authorities around the world must ensure that all those responsible for this deadly attack are brought to justice, including through use of the principle of universal jurisdiction. The Iranian authorities must also grant the International Criminal Court jurisdiction over all Rome Statute crimes committed on or perpetrated from its territory.”

    Scores of civilians killed and injured  

    Between 11am to 12pm Tehran time on 23 June, Israeli air strikes hit multiple locations over 500 metres apart inside Evin prison, destroying or damaging numerous buildings and other structures within the prison complex, as well as nearby residential buildings outside it.  

    An overview of Evin prison, with the exterior walled perimeter marked in orange. The six yellow circles highlight areas with the most significant destruction, indicating these were the locations where the munitions landed. The blasts and resulting damage extended beyond the six areas. 
    A map of Evin prison indicating building names or functions based on Amnesty’s interviews with former prisoners. 

    Evin prison is located in a populated area with residential buildings to its east and south. A nearby resident described the scene following the attack to Amnesty: 

    “I suddenly heard a terrible sound. I looked out of the window and realised that smoke and dust were rising from Evin prison. Both the sound of the explosion and the appearance of the dust and smoke were horrific… I had thought our home would be safe [as] we are near a prison… I couldn’t believe it.” 

    The authorities have so far named 57 civilians who were killed in the attack including five female social workers, 13 young men performing mandatory national service as prison guards or administrators, and 36 other prison staff – 30 men and six women – and the child of one of the social workers. After drawing public criticism for failing to disclose the identities of prisoners, their relatives and nearby residents who were killed, the authorities published a report on 14 July revealing two names: a nearby resident – Mehrangiz Imanpour – and a woman volunteering to help raise funds for debt prisoners – Hasti Mohammadi.

    Amnesty had already verified the name of Mehrangiz Imanpour, as well as the names of one prisoner, Masoud Behbahani, a prisoner’s relative, Leila Jafarzadeh, and a passerby Aliasghar Pazouki, who were also killed. 

    Israeli officials’ self-incriminating admissions  

    Within hours of the attack, senior Israeli officials boasted about it on social media, framing it as a “targeted strike” against a “symbol of oppression for the Iranian people.” 

    Israel’s Defence Minister, Israel Katz, said on X that Israeli forces were attacking with “unprecedented force regime targets and government repression bodies in the heart of Tehran including…Evin prison”. 

    Minutes later, Foreign Affairs Minister Gideon Sa’ar posted on X: “We warned Iran time and again: stop targeting civilians! They continued, including this morning. Our response: [Long live freedom…].” Alongside this post was a video purporting to show CCTV footage of the prison gate being blown up. Analysis of the video by Amnesty indicates the footage was digitally manipulated likely using an old photograph of the prison gate. The video was first posted on Persian-language Telegram channels, but Amnesty could not trace its original source. 

    Later the same day, the Israeli military confirmed in a statement that they had carried out “a targeted strike” on “the notorious Evin prison”. The statement appeared to justify the attack by saying that “enemies of the regime” were held and tortured there and alleging that “intelligence operations against the State of Israel, including counter espionage” were carried out in the prison. However, the interrogation of detainees accused of spying for Israel or the presence of intelligence officials within the prison compound would not render the penal facility itself a legitimate military objective under international humanitarian law. 

    Entrance gate and prosecution office in the south

    In the south of the prison, the main entrance gate, along with the adjoining wall and the visitor information building to the east of the gate were destroyed. The building to the west of the gate and the adjoining Shahid Moghaddas prosecution office were extensively damaged. Further inside the southern part of the prison, the car park and a building next to the quarantine section were damaged.

    Before and after: false-colour, near infrared satellite imagery from 10 April and 30 June reveal the destruction in four distinct locations in the south and central parts of Evin prison where munitions likely landed (shown with yellow circles) and signs of burning (visible in near-infrared in dark black hues) in many areas, likely from vehicles that caught fire and spread to buildings in the area.  

    An informed source told Amnesty that a woman named Leila Jafarzadeh, 35, was killed while visiting the prosecution office to post bail in order to secure the release of her imprisoned husband.

    The destruction of the entrance gate and its surroundings was captured in a verified video showing rescue workers carrying at least one injured person on a stretcher amid scenes of destruction and extensive rubble on the ground. 

    Footage published by state media and verified by Amnesty also shows structural damage to the prosecution office’s walls and building framework, indicating that the force of the blast penetrated deep into the building. 

    Satellite imagery from 30 June reveals a location (shown with a yellow circle) where munitions likely landed. Ground images (right) geolocated to the north and south areas of the southern entrance gate show major destruction. 

    Administrative building and quarantine section housing prisoners  

    Deeper inside the southern area of the prison, the administrative building and a smaller adjoining building which, according to a former prisoner, contained an office of the prison’s security force called the Protection Cohort, were significantly impacted, while several nearby structures were destroyed. 

    Satellite imagery from 30 June shows significant damage to part of the roof on the west side of the Protection Cohort building. Satellite imagery further shows that to the east of the building, an internal gate, perimeter wall and two small structures – likely guard posts – were all destroyed in the strike. 

    The two identified locations are consistent with the analysis of video footage and information received from two former prisoners of conscience Atena Daemi and Hossein Razagh.  

    Verified videos also depict destroyed windows, collapsed walls and extensive rubble on both the western and eastern sides of the administrative building. The first floor appears to be largely obliterated, with missing structural walls visible in multiple sections. 

    An image published by state media and verified by Amnesty shows what appears to be a crater inside the west side of the administrative building showing the first floor collapsed downward. 

    According to a state media report on 6 July, at least nine women, one man and a child were killed in the administrative building. Shargh Daily and Hammihan, two prominent newspapers in Iran, named three of the victims in reports published on 25 June and 1 July, respectively. They included social worker Zahra Ebadi, 52, who was killed along with her five-year-old son, Mehrad Kheiri; and an administrative staff member, Hamid Ranjbari, 40. 

    Satellite imagery (left) from 30 June reveals two locations (shown with yellow circles) where munitions likely landed. Ground images (right) show extensive damage to the administrative building. 

    Analysis of a verified video footage also shows that the quarantine section housing newly admitted prisoners, located near the administrative building, also sustained damage. 

    Medical clinic, kitchen and sections housing prisoners in the central part 

    In the central part of the prison, the medical clinic, central kitchen, section 4 housing male prisoners, section 209 which consists of solitary confinement cells where female and male prisoners are detained by the Minister of Intelligence, and the women’s section were extensively damaged. 

    Satellite imagery shows significant damage to structures adjacent to the medical clinic, while verified videos reveal damage to the clinic from the blast and burning cars.  

    A verified video shows the outside of the medical clinic covered in black soot and black smoke billowing from the windows. Another video shows significant destruction inside, with shattered windows, beds and medical equipment overturned and extensive rubble. 

    Satellite imagery (left) from 30 June reveals two locations (shown with yellow circles) where munitions likely landed. Geolocated photos and videos (right) show that the vehicle entrance gate collapsed. The clinic’s interior was significantly damaged, with walls and windows blown out, while the exterior shows severe fire damage and smoke.  

    The verified video evidence supports accounts from human rights defenders Narges Mohammadi and Sepideh Gholian, both based in Iran, who told Amnesty that multiple eyewitnesses in Evin prison described to them extensive damage to the medical clinic.

    Narges Mohammadi said that male prisoners in section 4, which is opposite the medical clinic, informed her the prison’s ambulance was destroyed, an account supported by video showing nearby vehicles reduced to wreckage. She also said the prisoners told her they witnessed an individual with extensive burns on their body walking out of the medical clinic and collapsing on the ground. 

    Two prisoners – Abolfazl Ghodiani and Mehdi Mahmoudian – who survived the Evin prison attack and were transferred to Greater Tehran Penitentiary wrote in a letter from inside prison, which was published online on 1 July: 

    “Evin prison shook with several consecutive explosions. Two or three blasts occurred near Section 4 and when prisoners exited the section’s door, they saw the medical clinic burning… Prisoners recovered the bodies of around 15-20 people, including medical clinic personnel, prisoners, warehouse staff, guards and agents from beneath the rubble.” 

    Saeedeh Makarem, a doctor volunteering in Evin prison who was injured, including with burns, described in a series of posts on Instagram in July how prisoners helped her: 

    “They dragged me to the corner of the wall. I was half-conscious. They brought me water and a blanket, put a splint in my leg, wiped the blood from my face… They could have left, but they didn’t… They saved me.” 

    Political dissident Hossein Razagh also told Amnesty that section 4 prisoners described to him how prisoners were thrown against the walls due to the force of the blast and sustained head and face injuries. 

    These testimonies are corroborated by a verified video showing extensive damage to the front parts of sections 4 and 209. External doors and windows of sections 4 and 209 appear to have been shattered, with parts of the roof structure collapsed and large piles of rubble visible in the road. Multiple vehicles are destroyed and burned out, with black smoke damage on the surrounding building walls, indicating some of the fire may have originated from the cars. Satellite imagery from 30 June shows the burned buildings and black scorch marks from the cars. The blast also appears to have affected the roof of the prison kitchen and damaged its windows. 

    According to Amnesty’s research, the blast also affected section 209 staff offices, trapping some agents and guards under the rubble. Authorities have provided no information about the fate and whereabouts of prisoners held in solitary confinement in section 209, raising concerns about possible deaths or injuries. 

    Image showing the road with Section 209 on one side (left) and the vehicle entrance gate on the opposite side (right). 

    Amnesty confirmed through an informed source the name of a prisoner in section 4, Masoud Behbahani, aged 71, who was killed. He suffered a heart attack when the blast threw him onto a chair and several prisoners fell on him. According to the source, instead of transferring him to a hospital, authorities transferred him to Greater Tehran Penitentiary where he died two days later after a second heart attack.

    Amnesty also analysed an image taken from inside the women’s section showing visible damage to the ceiling and electrical infrastructure.

    Entrance gate, judicial complex, visitors’ building and sections housing prisoners in the north

    In the northern part of the prison, as visible in satellite imagery and verified videos, the entrance gate and adjacent wall were destroyed; the front part of the building containing the Shahid Kachouyee judicial complex and visitors’ building were extensively damaged; and two internal walls near sections 240 and 241 housing prisoners were destroyed.

    Verified video and photographs also show blast-related damage to nearby high-rise residential buildings and vehicles outside the northern area of Evin prison. One video shows dozens of distressed people in Ahmadpour Street, at least one of whom appears to be injured. 

    Before and after false-colour, near infrared imagery from 10 April and 27 June reveals the destruction in two distinct locations where munitions likely landed in the northern part of Evin prison (shown with yellow circles): the internal security walls and road in front of sections 240 and 241 and the north entrance gate in front of the visitation building and Shaheed Kachouyee judicial complex. 

    An informed source described to Amnesty how a nearby resident, Mehrangiz Imanpour, a 61-year-old painter who lived in Ahmadpour Street, was killed on her way home. 

    Shargh Daily reported that another passerby, Ali Asghar Pazouki, 69, was killed in front of the judicial complex and visitors’ building. State media published videos and photographs which show blast damage in this area.  

    Satellite imagery (left) from 30 June reveals a location (shown with a yellow circle) where munitions likely landed. Geolocated images and videos (right) show extensive damage to the exterior and interior of the visitors’ building with windows shattered and parts of the roof and facade collapsed.  

    Satellite imagery analysed by Amnesty indicates that a road and two security walls deeper within the northern part of the prison, near a building containing sections 240 and 241, were also destroyed. These sections are known to contain hundreds of solitary confinement cells, but no images showing the condition of the building have emerged and the authorities have not released any information about the fate of prisoners held there.

    Amnesty received accounts from prisoners’ families indicating that section 8, near sections 240 and 241, was damaged. Human rights lawyer Nasrin Sotoudeh told Amnesty that her arbitrarily imprisoned husband, human rights defender, Reza Khandan, and other prisoners, were injured when rubble was propelled into the courtyard. 

    Political dissident Mohammad Nourizad, who was in section 8, called his family while the air strikes were ongoing. A recording of his call was published online on 24 June: 

    “They are dropping bombs on us. Some people are injured, the windows have broken, and everyone has scattered… They just hit again. I don’t know, it seems intentional… but bombing a prison is incompatible with any logic or code of conduct…They [prison authorities] closed the doors on us and we have no news.” 

    International law and standards 

    Under international humanitarian law, direct attacks on civilians and civilian objects are prohibited. Attacks may only be directed at combatants and military objectives. Military objectives are limited to those objects which by their nature, location, purpose or use make an effective contribution to military action and whose partial or total destruction, capture or neutralisation, in the circumstances ruling at the time, offers a definite military advantage.  

    Attacking forces have an obligation to do everything feasible to protect civilians including by distinguishing between military targets and civilian objects; verifying whether their intended target is a military objective and cancelling an attack if there is doubt; choosing means and methods of attack that will avoid, or in any event, minimise civilian harm; and providing effective advance warning to civilians unless circumstances do not permit.

    Even when targeting a legitimate military objective, an attack must not be carried out which may cause civilian harm that would be disproportionate in relation to the concrete and direct military advantage anticipated. If distinguishing between civilian objects and military targets is not feasible, the attack must not proceed. 

    Governments responsible for violations of international humanitarian law are required to make full reparations for the loss or injury caused. The UN Basic Principles and Guidelines on the Right to a Remedy and Reparation for Victims of Gross Violations of International Human Rights Law and Serious Violations of International Humanitarian Law enshrine the duty of states to provide effective remedies, including reparation to victims, including restitution, compensation, rehabilitation, satisfaction and guarantees of non-repetition.

    Evidence gathered

    Amnesty’s Evidence Lab analysed satellite images from before and after the strikes and verified 22 videos and 59 photographs, which show extensive damage and destruction to six areas in the south, central, and northern parts of Evin prison complex. 

    Additionally, Amnesty reviewed statements by Israeli and Iranian authorities and interviewed 23 people inside and outside Iran, including seven prisoners’ relatives; a nearby resident who witnessed the attack; two sources with information about two victims killed; two journalists; and 11 former prisoners including dissidents and human rights defenders who received information from prisoners, prisoners’ families, prison staff and emergency services attending the site. Amnesty also obtained from a source the recordings of four telephone calls between four prisoners and their families hours after the attack.

    Amnesty sent questions regarding the attack to the Israeli Minister of Defence on 3 July. At the time of publication, no response had been received.

    As part of Amnesty’s ongoing investigations into violations of international humanitarian law and other human rights violations in the context of the escalation of hostilities between Israel and Iran, Amnesty will also publish findings relating to attacks by the Iranian authorities against Israel.

    Urgent action

    Take action to support hundreds of displaced prisoners from Tehran’s Evin Prison, who are currently being held in cruel and inhuman conditions. See Amnesty’s Urgent Action for how to help.

    MIL OSI NGO

  • MIL-OSI Asia-Pac: Government announces implementation of elderly-friendly building design and launches Elderly-friendly Building accreditation scheme

    Source: Hong Kong Government special administrative region

    Government announces implementation of elderly-friendly building design and launches Elderly-friendly Building accreditation scheme 
    With an ageing population in Hong Kong and to encourage ageing in place, “The Chief Executive’s 2023 Policy Address” announced that the Deputy Financial Secretary would co-ordinate with relevant bureaux to put forward proposals to promote elderly-friendly building design. The Task Force announced in November last year a series of specific proposals for elderly-friendly building design and consulted the stakeholders. Stakeholders from the elderly, professional, developer and other sectors generally supported the proposals and provided valuable suggestions for refining the design proposals.
     
    Having considered the views of the stakeholders, the Task Force has refined the proposals announced earlier after balancing various factors, including the needs of the elderly and other users, as well as the practical operational considerations in application by the market and the industry. The key requirements of the proposals to be implemented are as follows:
     
    (1) promoting spatial accessibility to enhance the mobility of the elderly, e.g. provision of an automatic door at the main entrance of residential buildings, adopting wider common corridors and wider main doors of individual units, allowing the addition of lift towers to existing buildings, and using slip-resistant materials;
    (2) encouraging the adoption of adaptive design in residential units to facilitate subsequent modifications, such as widening internal corridors and doors, using sliding doors for toilets, and installing grab rails/shower seats in bathrooms, etc;
    (3) enhancing elderly well-being, e.g. providing fitness or other facilities for the elderly in recreational spaces, and providing shelters for resting facilities at communal outdoor spaces, etc; and
    (4) facilitating the adoption of gerontechnology and Internet of Things, e.g. providing high-speed Internet access in home and public spaces, supporting the installation of smart card systems, motion sensors, etc.

    ???Please refer to the summary table at the Annex for the detailed proposals.Issued at HKT 18:34

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    MIL OSI Asia Pacific News