Category: United States of America

MIL-OSI USA: Cassidy Introduces Legislation to Modernize Credit Union Boards

US Senate News:

Source: United States Senator for Louisiana Bill Cassidy
U.S. Senator Bill Cassidy, M.D. (R-LA) introduced the Credit Union Board Modernization Act to revise an antiquated federal law requiring credit union boards to meet every month. By reducing unnecessary board meetings, the bill alleviates regulatory burdens and enables credit unions to concentrate on their core mission of serving their members’ financial needs.
Credit unions should be able to focus on serving their community rather than more bureaucracy. This is a silly rule. Repeal it,” said Dr. Cassidy.
Cassidy was joined by U.S. Senators Bill Hagerty (R-TN) and Lisa Blunt Rochester (D-DE) in introducing the legislation.
Current law for Credit Union Board Meetings requires all federal credit unions, regardless of performance, to hold monthly board meetings, imposing an unnecessary burden on well-managed and well-performing credit unions and diverting time and financial resources that should be allocated to serving credit union members.

MIL OSI USA News –

May 28, 2025
MIL-OSI USA: ICE investigation results in former child, family services caseworker sentenced to prison for sexually abusing children

Source: US Immigration and Customs Enforcement

NEWARK, N.J. — A U.S. Immigration and Customs Enforcement investigation led to the sentencing of a former New Jersey Department of Children and Family Services, Division of Child Protection and Permanency caseworker for the transportation and possession of child sexual abuse material.

Trent Collier, 58, of Kearny, New Jersey, was sentenced May 22 at the U.S. District Court in Newark to 109 months for one count of possession of child pornography and one count for the transportation of child pornography. He pleaded guilty to these charges on May 21, 2024, following his August 2022 indictment.

“Collier’s sentencing shows the strength and resolve of HSI and our law enforcement partners in the State of New Jersey to purse justice and uphold our commitment to protect children,” said ICE Homeland Security Investigations Newark Special Agent in Charge Ricky J. Patel. “We’ve sworn an oath to protect those who have been victimized by perpetrators like Collier and serve in positions of trust. Instead of caring for New Jersey children, he sexually exploited them for his own perverse pleasure.”

According to the investigation, on or about Sept. 28, 2021, Collier arrived at Newark Liberty International Airport aboard a flight from the Dominican Republic. Upon his arrival, law enforcement searched Collier’s cellular phone and identified at least two images of child sexual abuse material. In a statement to law enforcement, Collier admitted that he had previously sent child sexual abuse material to at least one other individual via cell phone and that individual sent child sexual abuse material to Collier. A further search of Collier’s cell phone uncovered multiple additional videos of child sexual abuse material, including videos depicting the sexual exploitation of toddlers.

Collier’s federal sentence will run consecutively to any future state sentencing. He has been remanded to the custody of the State of New Jersey since May 2024.

HSI Newark also assisted the New Jersey State Police in garnering state charges against Collier in a seven-count indictment with sexual assault, aggravated criminal sexual contact, attempted aggravated sexual assault, and official misconduct, based on Collier’s alleged sexually abusive conduct toward the two minor victims. Those charges were announced by the Division of Criminal Justice and NJSP Oct. 3, 2024.

According to the New Jersey State Attorney General, the investigation by HSI Newark and NJSP revealed that Collier had sexually abused two minors. The first victim was allegedly sexually assaulted while Collier served as the DCPP caseworker for the victim’s family. Collier allegedly verbally and physically threatened the victim that they would be removed from their family if they disclosed the abuse. Several instances of the alleged abuse occurred inside a DCPP office as well as a DCPP vehicle. As to the second victim, it is alleged that Collier leveraged his position as a DCPP caseworker to facilitate the sexual abuse, including use of his DCPP vehicle to facilitate an assault. It is also alleged that Collier offered financial incentives to the second victim to thwart disclosure.

The state charges and allegations are merely accusations, and they do not constitute proof of guilt. The defendant is presumed innocent unless and until proven guilty in a court of law.

In addition to the federal prison term, Collier was sentenced to five years of supervised release.

HSI is at the forefront of the U.S. government’s efforts to combat online child sexual exploitation and abuse through its investigations, victim assistance programs, intelligence and analysis, policy development, and training and awareness programs.

For any child, parent, guardian of New Jersey, searching for resources and information on how to prevent and combat online child sexual exploitation, go to Know2Protect.gov. If you suspect a child might be a victim, please call the ICE Tip Line at 1-866-347-2423.

MIL OSI USA News –

May 28, 2025
MIL-OSI USA: Attorney General Bonta Co-Leads Multistate Effort to Protect Abortion and Gender-Affirming Care Providers from Dangerous Certification Requirements
Source: US State of California

Attorneys general call on AMA to ensure reproductive health care and gender-affirming care providers can get board-certified without unnecessary risk

OAKLAND — California Attorney General Rob Bonta today announced co-leading a coalition of 20 attorneys general in urging the American Medical Association (AMA) to take stronger action to protect health care providers from potentially dangerous medical board certification requirements. In testimony submitted to AMA, Attorney General Bonta and the coalition argue that requiring abortion and gender-affirming care providers to travel to states that restrict those forms of care in order to get board-certified puts them at legal and physical risk. The coalition warns that mandating in-person testing in states that have aggressively criminalized or penalized reproductive and gender-affirming health care endangers providers and threatens access to essential care nationwide.

“Right now, health care providers can only obtain OB-GYN board certification if they travel to Dallas for an in-person examination. Texas, of course, has some of the most restrictive abortion and gender-affirming care laws in the country,” said Attorney General Bonta. “The American Medical Association itself has previously acknowledged the physical and legal risk that this can pose to health care providers — my fellow attorneys general and I are now calling for concrete action. We have shared specific recommendations, and we hope the American Medical Association will expeditiously consider adopting those changes.”

Earlier this year, AMA acknowledged the risks posed to health care providers by state laws that restrict abortion and gender-affirming care, adopting a policy encouraging medical boards to provide alternative testing options in states with such restrictions. However, Attorney General Bonta and the coalition assert that AMA’s current stance does not go far enough to protect examinees – it lacks sufficient urgency and fails to provide policy guidance to the specialty boards on concrete steps they should take to protect candidates. The coalition calls for AMA to go further by recommending such steps, including:
1. Relocating testing sites to non-restrictive states;
2. Shifting to remote testing to eliminate the need for travel to hostile environments; or
3. Granting individual exemptions from in-person exams in restrictive states for those facing heightened legal or physical risks.
The coalition’s testimony highlights the increasingly hostile legal landscape for health care providers in the aftermath of the U.S. Supreme Court’s decision in Dobbs v. Jackson Women’s Health Organization. Following the decision, several states implemented draconian restrictions on abortion and have since taken steps to criminalize patients and providers. Many of the same states have followed by passing a wave of restrictions on gender-affirming care. The coalition argues that officials in these anti-choice states have made it clear their goal is to intimidate and punish reproductive health and gender-affirming care providers, no matter where the care was provided.

Attorney General Bonta and the coalition warn that mandating in-person board certification testing in states that penalize these forms of health care could have far-reaching and harmful consequences. In particular, the coalition highlights the American Board of Obstetricians and Gynecologists (ABOG), which requires OB/GYNs seeking board certification to travel to Texas for in-person testing. Texas has implemented some of the most severe anti-abortion legislation in the country and similarly restricts access to gender-affirming care for young people. Despite these restrictions, ABOG continues to require in-person certification exams for all obstetricians and gynecologists in Texas. The coalition asserts that ABOG’s refusal to provide accommodations for candidates who fear prosecution or physical harm in Texas places providers at needless risk and endangers access to essential care nationwide.

The coalition emphasizes that ensuring the safety of health care providers is essential to maintaining access to reproductive and gender-affirming care in states like California. The coalition is urging AMA to act urgently and forcefully to ensure medical specialty boards adopt concrete, actionable policies that protect providers, warning that failure to act could exacerbate the national health care crisis.

The submission of this testimony was co-led by Attorney General Bonta, New York Attorney General Letitia James, and Massachusetts Attorney General Andrea Joy Campbell. They were joined by the attorneys general of Colorado, Connecticut, Delaware, Hawaii, Illinois, Maine, Maryland, Michigan, Minnesota, Nevada, New Jersey, New Mexico, Oregon, Rhode Island, Vermont, Washington, and the District of Columbia.

A copy of the testimony can be found here.

MIL OSI USA News –
May 28, 2025

MIL-OSI: Soitec Reports Fourth Quarter Revenue and Full-Year Results of Fiscal Year 2025

Source: GlobeNewswire (MIL-OSI)

SOITEC REPORTS FOURTH QUARTER REVENUE AND
FULL-YEAR RESULTS OF FISCAL YEAR 2025

Q4’25 revenue reached €327m, stable at constant exchange rates and perimeter compared to Q4’24
FY’25 revenue amounted to €891m, down 9% both on a reported basis and at constant exchange rates and perimeter, in line with revised guidance
Soitec accelerated diversification confirmed with POI becoming Soitec’s fourth product to generate annual revenue of around $100m or more
Robust FY’25 EBITDA¹margin²at 33.5%, current EBIT margin at 15.2%
Positive FY’25 Free Cash Flow, at €26m, while maintaining strong R&D and industrial investments
Q1’26 revenue, impacted by the anticipated phase-out of Imager-SOI, is expected down around 20% year-on-year at constant exchange rates and perimeter (Imager-SOI Q1’25 revenue: $25m)
FY’26 Capex cash-out expected around €150m, down from €230m in FY’25
Strong technology megatrends and Soitec’s innovative engineered substrates continue to sustain Soitec addressable market growth from ~5m wafers (200mm equivalent) in 2024 to ~12m in 2030
Given the current reduced visibility and market uncertainties, the Group withdraws any guidance, whether related to all or part of its activities. This includes the projection of a quite limited growth for FY’26, as well as the medium-term ambition to reach a revenue target of $2bn with an EBITDA margin of approximately 40%. Going forward, the Group will only provide revenue guidance on a quarterly basis

Bernin (Grenoble), France, May 27^th, 2025 – Soitec (Euronext Paris), a world leader in designing and manufacturing innovative semiconductor materials, today announced its revenue for the fourth quarter of fiscal year 2025 and its full-year results of fiscal year 2025 (ended on March 31^st, 2025). The financial statements³ were approved by the Board of Directors during its meeting today.

Pierre Barnabé, Soitec’s CEO, commented: “On the back of strong sales in the fourth quarter, we closed fiscal year 2025 in line with our revised guidance, with a high-single digit decline in full-year revenue. In this context, strict cost management enabled us to deliver a robust EBITDA margin, generate positive free cash flow, and continue investing both in innovation and in our industrial capacity – all while maintaining a very healthy balance sheet.

In a volatile and uncertain economic environment, we are focusing on parameters within our control to strengthen our fundamentals and accelerate our diversification beyond RF-SOI and beyond Mobile Communications. With the growing adoption of our new products by industry leaders – POI becoming an industry standard for innovative smartphones and Photonics-SOI gaining traction among industry leaders to equip the next generation of AI Datacenters – we have been able to partially offset the ongoing RF-SOI inventory correction and mitigate the impact of the weakness in the automotive industry. While RF-SOI remains by far the first contributor to our revenue, three other products – FD-SOI, Power-SOI and POI – are now each generating around or above 100 million US dollars in revenue.

This environment however provides limited visibility. We have therefore decided to suspend all previously issued guidance and to only provide revenue guidance on a quarterly basis. We expect Q1’26 to reflect the impact of the Imager-SOI phase out, which we had already anticipated and prepared for. Q1’26 revenue is hence expected to be down around 20% year on year, Imager-SOI contributing 25 million dollars in Q1’25.

We remain confident in our solid fundamentals and in our ability to accelerate growth as soon as our end markets begin to recover. Our strong technology megatrends – 5G, Energy Efficiency and Artificial Intelligence – and our unique expertise in engineered substrates continue to support the expansion of our Addressable Market from around 5 million wafers (200-mm equivalent) in 2024 to around 12 million in 2030”, added Pierre Barnabé.

Fourth quarter FY’25 consolidated revenue

	Q4’25	Q4’24	*Q4’25/Q4’24*


(Euros millions)			*change reported*	*chg. at const. exch. rates & perimeter*

Mobile Communications	220	222	*-1%*	*-2%*
Automotive & Industrial	45	44	*+1%*	0%
Edge & Cloud AI	63	70	*-11%*	*+2%*

Revenue	327	337	*-3%*	*-1%*

Soitec revenue reached 327 million Euros in Q4’25, down 3% on a reported basis compared with revenue of 337 million Euros achieved in Q4’24. This reflects a 1% year-on-year decline at constant exchange rates and perimeter, a negative scope⁴ effect of 3% related to the divestment of Dolphin Design’s businesses, and a positive currency impact of 1%.

Each one of Soitec’s three divisions recorded an almost stable organic change in revenue in Q4’25 compared to the high base achieved in Q4’24. The slight organic decline in Mobile Communications revenue was partly offset by a small increase in Edge & Cloud AI revenue, while Automotive & Industrial was stable. This is however reflecting different dynamics per product, with further strong traction in POI wafers for smartphone filters and in Photonics-SOI wafers for data centers.

Mobile Communications

In the context of a moderately recovering smartphone market and with a progressively improving inventory situation across the supply chain, Mobile Communications revenue reached 220 million Euros in Q4’25, down 2% at constant exchange rates and perimeter year-on-year.

On RF-SOI wafers, Soitec benefited, as expected, from a usually strong seasonal stock rebuilding at the beginning of the calendar year. Volumes of RF-SOI wafers sold were higher in Q4’25 than in Q4’24, with a slightly negative price / mix effect, thus partly mitigating a significant decrease in 200-mm RF-SOI volumes.

Sales of POI (Piezoelectric-on-Insulator) wafers dedicated to RF filters continued to grow sequentially from one quarter to another, translating into a sharp year-on-year increase in Q4’25. The adoption of Surface Acoustic Wave (SAW) filters on POI continued to accelerate. Ten customers are in volume production, and thirteen others in qualification phase.

Sales of FD-SOI wafers, the only solution for fully integrated 5G mmWave system-on-chip, have been slightly growing in Q4’25 compared to Q4’24.

Automotive & Industrial

Automotive & Industrial revenue reached 45 million Euros in Q4’25, flat at constant exchange rates and perimeter compared to Q4’24, despite the ongoing difficulties of the automotive market.

After the particularly low level reached in Q3’25, volumes of Power-SOI wafers were significantly higher in Q4’25 than in Q4’24, although with a slightly negative price effect. Sales benefited from customer restocking at the beginning of their calendar year. Despite very low visibility, OEMs were keen to avoid stockouts in the event of a market rebound, but this most likely came at the expense of volumes in H1’26. As the Automotive market recovers, the outlook for Battery Management Systems remains strong and supports Soitec’s product roadmap towards 300-mm, further strengthening its positioning.

Conversely, after a very strong performance in Q3’25, FD-SOI wafer sales recorded a slight year-on-year decline in Q4’25 compared to Q4’24. Automotive FD-SOI continues to be mostly driven by adoption for microcontrollers, radar and wireless connectivity, delivering superior performance and greater power efficiency compared to other existing technologies.

Regarding SmartSiC^TM, while Soitec initiated a sixth customer qualification process early Q4’25, the slower-than-expected growth of the electric vehicle market, combined with the longer than initially anticipated customers’ qualification cycles confirm the previously mentioned delay in the initially expected wafer production ramp-up.

Edge & Cloud AI

Edge & Cloud AI revenue reached 63 million Euros in Q4’25, up 2% at constant exchange rates and perimeter compared to Q4’24. On a reported basis revenue went down 11% as a result of the divestment of Dolphin Design’s businesses.

Sales of Photonics-SOI wafers recorded another high sequential increase in Q4’25, as Soitec continues to benefit from a strong momentum in Cloud infrastructure investments across the Big Tech and Artificial Intelligence supply chains. On a year-on-year basis, sales were much higher than in Q4’24. As the exponential growth of AI-related computing power capabilities drives the need for more powerful and more energy-efficient data centers, Photonics-SOI has become a standard technology platform for high-speed and high bandwidth optical interconnections in data centers. Photonics-SOI are adopted in pluggable optical transceivers and used for the development of Co-Packaged Optics.

In Q4’25 sales of FD-SOI wafers were above the level reached in Q3’25 but slightly down year-on-year compared to the high level recorded in Q4’24. This is mainly the consequence of deliveries requests put on hold by a couple of customers. FD-SOI technology is a key enabler for AI-driven consumer and industrial IoT applications due to its unique power efficiency, performance, thermal management and reliability advantages.

Sales of Imager-SOI wafers for 3D imaging applications tapered off in Q4’25 due to the phase out of this product, as expected.

FY’25 consolidated revenue

	FY’25	FY’24	*FY’25/FY’24*

(Euros millions)			*change reported*	*chg. at const. exch. rates & perimeter*

Mobile Communications	546	611	*-11%*	*-12%*
Automotive & Industrial	129	163	*-21%*	*-22%*
Edge & Cloud AI	216	204	*+6%*	*+11%*

Revenue	891	978	*-9%*	*-9%*

Consolidated revenue reached 891 million Euros in FY’25, down 9% on a reported basis compared to 978 million Euros in FY’24. This reflects a 9% decline at constant exchange rates and perimeter, in line with Soitec’s latest guidance, a negative scope⁴ effect of 1% and a slightly positive currency impact of 1%.

Overall, the sharp increase in sales of Photonics-SOI and POI wafers partly offset the drop in revenue recorded both in RF-SOI and in Power-SOI.

Mobile Communications revenue reached 546 million Euros in FY’25, down 11% on a reported basis and down 12% at constant exchange rates and perimeter year-on-year. Revenue was impacted by weaker RF-SOI volumes in connection with further inventory adjustment at customer level, especially in H1’25. RF-SOI performance was partly offset by a strong growth in POI wafer sales throughout the fiscal year and by slightly higher FD-SOI wafer sales. Mobile communications represented 61% of total revenue, almost stable vs FY’24.
Automotive & Industrial revenue amounted to 129 million Euros in FY’25, down 21% on a reported basis and down 22% at constant exchange rates and perimeter compared to FY’24. This revenue decline was primarily driven by lower Power-SOI volumes, reflecting weakness in the automotive market. Revenue from SmartSiC™ technology in connection with the initial phase of Soitec’s cooperation agreement with STMicroelectronics have also decreased year-on-year. This was partially offset by higher FD-SOI wafer sales. Automotive & Industrial represented 15% of total revenue against 17% in FY’24.
Edge & Cloud AI revenue reached 216 million Euros in FY’25, up 6% on a reported basis and up 11% at constant exchange rates and perimeter compared to FY’24. The organic increase in revenue was driven by higher sales of Photonics-SOI wafers, which benefit from sustained investment in Cloud infrastructure. Sales of FD-SOI went slightly down but remained at a high level, supported by the need for low-power computing devices and edge-AI applications. Imager-SOI sales were almost flat year-on-year despite the phase out of this product from early H2’25 onward. Edge & Cloud AI represented 24% of total revenue against 21% in FY’24.

EBITDA¹margin²maintained at a robust level

Consolidated income statement (part 1)

(Euros millions)	FY’25	FY’24	*% change*

Revenue	891	978	*-9%*


Gross profit	286	332	*-14%*
As a % of revenue	*32.1%*	34.0%

Net research and development expenses	(85)	(61)	*+39%*
Selling, general and administrative expenses	(65)	(63)	*+4%*


Current operating income	136	208	*-35%*
As a % of revenue	*15.2%*	21.3%


EBITDA^1,⁵	298	332	*-10%*
As a % of revenue	*33.5%*	34.0%

Current operating income went down from 208 million Euros in FY’24 (21.3% of revenue) to 136 million Euros in FY’25 (15.2% of revenue). This reflects the weaker activity recorded in FY’25, but also higher R&D investment and higher depreciation expenses, as Soitec continues to invest to secure its competitiveness.

Gross profit reached 286 million Euros, down from 332 million Euros in FY’24. Gross margin declined by 1.9 points to 32.1% of revenue. This was essentially due to the lower sales volumes, of RF-SOI in particular, leading to a lower utilization of some of the industrial capacities, combined with an overall slightly negative price / mix effect. In addition, depreciation costs went up, reflecting the Group’s investment profile. These factors were mitigated by strong discipline in cost management, including lower purchase prices, by some agility in resource allocation between plants, and by higher subsidies.
Net R&D expenses increased from 61 million Euros in FY’24 (6.3% of revenue) to 85 million Euros in FY’25 (9.5% of revenue). Gross R&D expenses before capitalization went up 11% to 152°million Euros, as part of Soitec’s innovation strategy aimed at further investing in the next generation of SOI products, in compound semiconductors, as well as in new engineered substrates. In addition, Soitec booked a much lower amount of capitalized development costs in FY’25 (12 million Euros against 31 million Euros in FY’24). This was only partly offset by the recognition of higher R&D subsidies and higher prototype sales.
Selling, general and administrative (SG&A) expenses amounted to 65 million Euros in FY’25 (7.3% of revenue), up from 63 million Euros in FY’24. This slight increase is essentially due to non-recurring positive effects on labor costs recorded in FY’24 and higher depreciation expenses, notably related to recent IT investments in cybersecurity. On the other hand, lower share-based compensation and the divestment of Dolphin Design both had positive effects.

EBITDA^1,5 amounted to 298 million Euros in FY’25 compared to 332 million Euros in FY’24. EBITDA^1,5 margin² remained at a robust level, reaching 33.5%, only 50 basis points below the level of 34.0% recorded in FY’24. The combination of a lesser absorption of fixed costs due to lower volumes and higher level of R&D investments was offset by higher non-cash items, notably depreciation and amortization expenses and inventory valuation effects.

Consolidated income statement (part 2)

(Euros millions)	FY’25	FY’24	*% change*



Current operating income	136	208	*-35%*


Other operating income / (expenses)	(16)	(3)


Operating income	119	205	*-42%*

Net financial expense	(9)	(5)
Income tax	(19)	(23)


Net profit from continuing operations	91	178	*-49%*

Net profit from discontinued operations	1	0


Net profit, Group share	92	178	*-48%*


Basic earnings per share (in €)	2.57	5.00	*-49%*

Diluted earnings per share (in €)	2.56	4.88	*-48%*


Weighted average number of ordinary shares	*35,670,651*	35,655,679

Weighted average number of diluted ordinary shares	*35,868,688*	37,710,587

Other operating expenses amounted to 16 million Euros in FY’25, mainly reflecting a 13 million Euros loss on the divestment of Dolphin Design’s businesses.

Consequently, the operating income stood at 119 million Euros, down from 205 million Euros in FY’24.

The net financial result came as an expense of 9 million Euros in FY’25 compared to an expense of 5 million Euros in FY’24. Net financial expenses were 2 million Euros higher than in FY’24, reflecting new financing arrangements, while a net foreign exchange loss of 2 million Euros was recorded in FY’25 against a gain of 1 million Euros in FY’24.

The income tax expense amounted to 19 million Euros in FY’25, down from 23 million Euros in FY’24. The effective tax rate, however, increased from 11% in FY’24 to 17% in FY’25, as a result of specific one-off items.

In line with the decline in operating income, the net profit amounted to 92 million Euros in FY’25 (10.3% of revenue), down from 178 million Euros in FY’24 (18.2% of revenue).

Positive Free Cash Flow generation

Consolidated cash-flows

(Euros millions)	FY’25	FY’24

Continuing operations

EBITDA^1,6	298	332

Inventories	(38)	(19)
Trade receivables	(30)	(94)
Trade payables	(15)	(45)
Other receivables and liabilities	4	17
Change in working capital requirement	(79)	(142)
Tax paid	(17)	(25)


Net cash generated by operating activities	202	165

Net cash used in investing activities	(176)	(208)


Free Cash Flow	26	(43)

New loans and debt repayment (including finance leases), drawing on credit lines	(36)	(15)
Financial expenses	(14)	(12)
Liquidity contract and other items	(1)	(7)


Net cash used in financing activities	(50)	(33)

Impact of exchange rate fluctuations	4	(3)

Net change in cash	(21)	(80)

The Group generated a positive Free Cash Flow of 26 million Euros in FY’25, which represents a 69 million Euros improvement compared to the 43 million Euros negative Free Cash Flow recorded in FY’24. Despite a lower EBITDA^1,5, this strong increase essentially comes as a result of a better change in working capital. It also benefited from lower tax paid and from reduced capital expenditure.

Change in working capital remained under control with a cash outflow at 79 million Euros in FY’25, compared to a cash outflow of 142 million Euros in FY’24. FY’25 cash outflow is essentially reflecting:

a 38 million Euros increase in inventories as a couple of customers requested to put some deliveries on hold while some late changes in product mix also resulted in an increase in bulk material inventories,
a 30 million Euros increase in trade receivables, explained by a different customer mix,
- a 15 million Euros decrease in trade payables.

The net cash used in investing activities amounted to 176 million Euros in FY’25, compared to 209 million Euros in FY’24. It takes into account financial income from cash investment of 19 million Euros (17 million Euros in FY’24). Including new production equipment under leases (31 million Euros in FY’25 vs. 51 million Euros in FY’24), total cash out related to capital expenditure amounted to 230 million Euros as expected. It compares with 276 million Euros spent in FY’24. Capital expenditure was essentially related to industrial investments, including:

additional POI manufacturing tools in Bernin to increase capacity,
production capacity for new SOI products (RF-SOI and Photonics-SOI) in Singapore and 300-mm SOI refresh capacity in Bernin,
the ongoing extension of Singapore 300-mm facility (for the part already started),
completion of the 200-mm SmartSiC^TM pilot line in Bernin.

Capital expenditure also included IT investments as well as investments supporting the Group’s innovation strategy and its environmental policy.

Net cash used in financing activities amounted to 50 million Euros in FY’25 (33 million Euros in FY’24) essentially reflecting a net decrease in borrowings and related interest paid.

In total, including a 4 million Euros positive impact of exchange rate fluctuations (3 million Euros negative impact in FY’24), the net cash outflow reached 21 million Euros in FY’25 (80 million Euros in FY’24) resulting in a steady strong cash position of 688 million Euros on March 31^st, 2025.

Strong balance sheet maintained

Soitec maintained a strong balance sheet as of March 31^st, 2025.

Shareholders’ equity stood at 1.6 billion Euros on March 31^st, 2025, up 100 million Euros from March 31^st, 2024.

Financial debt on March 31^st, 2025, was slightly up, at 782 million Euros against 747 million Euros on March 31st, 2024. Taking into account the 21 million Euros cash outflow recorded in FY’25, the net debt position⁶ was kept at a moderate level, at 94 million Euros on March 31^st, 2025, up from 39 million Euros on March 31^st, 2024.

FY’26 outlook

Given the current reduced visibility and market uncertainties, the Group withdraws any guidance, whether related to all or part of its activities. This includes the projection of a quite limited growth for FY’26, as well as the medium-term ambition to reach a revenue target of $2bn with an EBITDA margin of approximately 40%. Going forward, the Group will only provide revenue guidance on a quarterly basis.

Q1’26 revenue, impacted by the anticipated phase-out of Imager-SOI, is expected down around 20% year-on-year (Imager-SOI Q1’25 revenue: $25m). FY’26 Capex cash-out is expected around €150m, down from €230m in FY’25.

Operating model at scale

Soitec continues to pursue its long-term growth strategy, supported by structural trends in its end markets and the accelerated diversification of its product portfolio.

In this context, Soitec has defined an operating model at scale, representing the financial profile the Group could achieve when operating at a higher volume level. This model reflects the Group’s internal assessment of the efficiencies and profitability enabled by its current industrial and technological platform.

Based on its market assessment and competitive positioning, Soitec continues to grow its manufacturing capacity, in line with market growth and customer demand. The Group anticipates investing ~€770m to scale its production capacity to enable a $2bn revenue run-rate, which should yield significant operating leverage and cash generation improvement. Given ongoing reduced visibility and market uncertainties, the Group will not guide on a specific timing, which will be influenced by external factors beyond its control.

This operating model and the associated ambitions and financial information are not guidance and should not be interpreted as a financial objective or forecast. Actual results will depend on market dynamics, customer adoption, and execution.

Key events of Q4 FY’25

Divestment of Dolphin Design’s main businesses

Dolphin Design’s mixed-signal IP activities have been acquired on October 31^st, 2024, by Jolt Capital, a private equity firm specializing in European deeptech investments. Dolphin Design’s ASIC activities were sold to NanoXplore, a major player in SoC and FPGA semiconductor design, on December 30^th, 2024.

Dolphin Design, acquired by Soitec in 2018, has long been at the forefront of delivering cutting-edge semiconductor design solutions in mixed-signal IP and ASICs. The sale of Dolphin Design’s two main business activities will support Soitec’s focus on strategic development and growth opportunities in its core advanced semiconductor materials business.

A 13 million Euros loss on the divestment of Dolphin Design’s businesses was recorded in other operating expenses in FY’25. There will be no further impact on Soitec financial statements from FY’26.

Soitec contributes to accelerated development of integrated optical connectivity solutions for AI data centers with its silicon photonics SOI technology

On March 19^th, 2025, Soitec welcomed recent industry steps to accelerate development and commercialization of co-packaged optics (CPO) solutions for data centers. The rapidly rising data requirements of AI and high-performance computing (HPC) are driving demand for silicon photonics-based CPO architectures. For data centers, CPO adoption enables energy savings of around 30% compared with current optical transceiver-based solutions. The momentum for widespread CPO adoption is building up. Following the earlier introduction of groundbreaking CPO products and demonstrators by Broadcom, Intel, and Marvell, NVIDIA unveiled its first CPO products, Spectrum-X and Quantum-X. Soitec is at the forefront of the transition from electrical to optical interconnects. CPO components are reliant on specialist silicon-on-insulator (Photonics-SOI) substrates, in which Soitec is a leader. The coming shift to CPO-based data center architectures is a major opportunity for Soitec.

Soitec joins the SEMI Silicon Photonics industry alliance

Soitec also announced on March 19^th, 2025, that it has joined the SEMI Silicon Photonics Industry Alliance (SEMI SiPhIA), a group of more than 100 semiconductor industry partners, with TSMC and ASE serving as the alliance’s advocates. The alliance’s mission is to drive silicon photonics innovation and applications, advance industry standards, and foster knowledge-sharing, resource integration, and technical exchange. Through its membership, Soitec will contribute to strengthening supply chain partnerships and fostering international collaboration on the deployment of key next-generation technologies, including CPO.

Soitec confirms its excellence in innovation with progress up 2024 INPI patent ranking

On March 31^st, 2025, Soitec once again demonstrated its excellence in innovation through its rise in the 2024 ranking of patent filers published by the INPI (the French National Institute of Industrial Property). This recognition highlights Soitec’s unwavering commitment to innovation and confirms its central role in the development of disruptive technologies, driven by a global strategy and a network of research centers spread across several continents. With 76 patents filed in France in 2024, compared to 62 the previous year, Soitec confirms its 1^st place among the most innovative mid-sized companies, for the second consecutive year, and rises to 22^nd place nationally, up three places. With approximately 400 patents filed worldwide each year, Soitec has established itself as an essential technology leader.

# # #

FY’25 results will be commented during an analyst and investor meeting in Paris on May 28^th, 2025, at 2pm CET. The meeting will be held in English.

The live webcast will be available on: https://channel.royalcast.com/landingpage/soitec/20250528_1/

The investor presentation is available for download on:
https://www.soitec.com/home/investors/full-year-results-of-fiscal-year-2024—2025

# # #

Annual General Meeting

At its meeting today, the Board of Directors decided to convene the Annual General Meeting of shareholders on July 22^nd, 2025. On this occasion, it decided to renew three of the four directors’ terms of office due to expire (Bpifrance Participations, CEA Investissement and Fonds Stratégique de Participations). Regarding Kai Seikku, the latter did not wish to be re-elected.

Q1’26 revenue

Q1’26 revenue is due to be published on July 22^nd, 2025, after market close.

# # #

Disclaimer

This document is provided by Soitec (the “Company”) for information purposes only.

The Company’s business operations and financial position are described in the Company’s 2023-2024 Universal Registration Document (which notably includes the Annual Financial Report) which was filed on June 5^th, 2024, with the French stock market authority (Autorité des Marchés Financiers, or AMF) under number D.24-0462, as well as in the Company’s 2024-2025 half-year financial report released on November 20^th, 2024. The French versions of the 2023-2024 Universal Registration Document and the 2024-2025 half-year financial report, together with English courtesy translations for information purposes of both documents, are available for consultation on the Company’s website (www.soitec.com), in the section Company – Investors – Financial Reports.

Your attention is drawn to the risk factors described in Chapter 2.1 (Risk factors and controls mechanism) of the Company’s 2023-2024 Universal Registration Document.

This document contains summary information and should be read in conjunction with the 2023-2024 Universal Registration Document and the 2024-2025 half-year financial report.

This document contains certain forward-looking statements. These forward-looking statements relate to the Company’s future prospects, developments and strategy and are based on analyses of earnings forecasts and estimates of amounts not yet determinable. By their nature, forward-looking statements are subject to a variety of risks and uncertainties as they relate to future events and are dependent on circumstances that may or may not materialize in the future. Forward-looking statements are not a guarantee of the Company’s future performance. The occurrence of any of the risks described in Chapter 2.1 (Risk factors and controls mechanism) of the 2023-2024 Universal Registration Document may have an impact on these forward-looking statements.

The Company’s actual financial position, results and cash flows, as well as the trends in the sector in which the Company operates may differ materially from those contained in this document. Furthermore, even if the Company’s financial position, results, cash-flows and the developments in the sector in which the Company operates were to conform to the forward-looking statements contained in this document, such elements cannot be construed as a reliable indication of the Company’s future results or developments.

The Company does not undertake any obligation to update or make any correction to any forward-looking statement in order to reflect an event or circumstance that may occur after the date of this document.

This document does not constitute or form part of an offer or a solicitation to purchase, subscribe for, or sell the Company’s securities in any country whatsoever. This document, or any part thereof, shall not form the basis of, or be relied upon in connection with, any contract, commitment or investment decision.

Notably, this document does not constitute an offer or solicitation to purchase, subscribe for or to sell securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from the registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Company’s shares have not been and will not be registered under the Securities Act. Neither the Company nor any other person intends to conduct a public offering of the Company’s securities in the United States.

# # #

About Soitec

Soitec (Euronext – Tech Leaders), a world leader in innovative semiconductor materials, has been developing cutting-edge products delivering both technological performance and energy efficiency for over 30 years. From its global headquarters in France, Soitec is expanding internationally with its unique solutions, and generated sales of 0.9 billion Euros in fiscal year 2024-2025. Soitec occupies a key position in the semiconductor value chain, serving three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge & Cloud AI (previously Smart Devices). The company relies on the talent and diversity of its 2,200 employees, representing 50 different nationalities, working at its sites in Europe, the United States and Asia. Soitec has registered over 4,200 patents.

Soitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.

For more information: https://www.soitec.com/en/ and follow us on X: @Soitec_Official

# # #

Financial information and consolidated financial statements in appendix include:

– Consolidated revenue per quarter

– FY’25 consolidated income statement

– Balance sheet at March 31^st, 2025

– FY’25 consolidated cashflows

Consolidated revenue per quarter

Quarterly revenue	Q1’24	Q2’24	Q3’24	Q4’24	Q1’25	Q2’25	Q3’25	Q4’25	FY’24	*FY’25*
(Euros millions)
Mobile Communications	89	169	130	222	48	124	154	220	611	*546*
Automotive & Industrial	37	38	44	44	26	33	25	45	163	*129*
Edge & Cloud AI	31	37	65	70	46	61	47	63	204	*216*

Revenue	157	245	240	337	121	217	226	327	978	*891*

Change in quarterly revenue	Q1’25/Q1’24		Q2’25/Q2’24		Q3’25/Q3’24		Q4’25/Q4’24		*FY’25/FY’24*
(vs. previous year)	Reported change	Organic change¹	Reported change	Organic change¹	Reported change	Organic change¹	Reported change	Organic change¹	Reported Change	Organic change¹

Mobile Communications	-45%	*-46%*	-27%	*-25%*	+18%	*+11%*	-1%	*-2%*	-11%	*-12%*
Automotive & Industrial	-29%	*-31%*	-13%	*-11%*	-43%	*-47%*	+1%	0%	-21%	*-22%*
Edge & Cloud AI	+49%	*+47%*	+62%	*+66%*	-28%	*-30%*	-11%	*+2%*	+6%	*+11%*

Revenue	-23%	*-24%*	-11%	*-9%*	-6%	*-10%*	-3%	*-1%*	-9%	*-9%*

1 At constant exchange rates and comparable scope of consolidation:

there was no scope effect in Q1’25 and Q2’25 vs. Q1’24 and Q2’24
in Q3’25 there is a negative scope effect related to the divestment of Dolphin Design’s mixed signal IP activities (completed on October 31^st, 2024)
in Q4’25, in addition to Dolphin Design’s mixed signal IP activities, the negative scope effect also includes the divestment of Dolphin Design’s ASIC activities (completed on December 30th, 2024).

Consolidated financial statements for FY’25

As previously reported, Soitec’s refocus on Electronics operations decided in January 2015 was nearly completed on March 31^st, 2016. Consequently, the FY’25 residual income and expenses relating to Solar and Other activities are reported under ‘Net result from discontinued operations’, below the ‘Operating income’ line, meaning that down to the line ‘Net result after tax from continuing operations’, the consolidated income statement fully and exclusively reflects the Electronics activity as well as the Group’s corporate functions expenses. This was already the case in FY’24 financial statements.

Consolidated income statement

	FY’25	FY’24
(Euros millions)	*(ended* *March 31*^st, 2025)	*(ended* *March 31*^st, 2024)
Revenue	891	978
Cost of sales	(605)	(646)

Gross profit	286	332
Research and development expenses	(85)	(61)
General, sales and administrative expenses	(65)	(63)
Current operating income	136	208
Other operating expenses	(16)	(3)
Operating income	119	205
Financial income	19	21
Financial expenses	(28)	(25)
Net financial expense	(9)	(5)
Profit before tax	110	201
Income tax	(19)	(23)
Net profit from continuing operations	91	178
Net profit from discontinued operations	1	0
Consolidated net profit	92	178
Net profit, Group share	92	178

Basic earnings per share (in €)	2.57	5.00
Diluted earnings per share (in €)	2.56	4.88
Weighted average number of ordinary shares	35,670,651	35,655,679
Weighted average number of diluted ordinary shares	35,868,688	37,710,587

Balance sheet

Assets	March 31^st, 2025	March 31^st, 2024
(Euros millions)

Non-current assets
Intangible assets	130	156
Property, plant and equipment	1,003	913
Non-current financial assets	30	19
Other non-current assets	73	70
Deferred tax assets	59	62
Total non-current assets	1,295	1,220

Current assets
Inventories	231	209
Trade receivables	463	448
Other current assets	124	101
Current financial assets	7	7
Cash and cash equivalents	688	708
Total current assets	1,512	1,472

Total assets	2,807	2,692

Equity and liabilities	March 31^st, 2025	March 31^st, 2024
(Euros millions)

Equity
Share capital	71	71
Share premium	228	228
Reserves and retained earnings	1,280	1,180
Other reserves	15	15
Equity-Group share	1,595	1,495
Total equity	1,595	1,495

Non-current liabilities
Non-current financial debt	375	669
Provisions and other non-current liabilities	94	79
Total non-current liabilities	469	748

Current liabilities
Current financial debt	406	78
Trade payables	153	169
Provisions and other current liabilities	185	202

Total current liabilities	743	449

Total equity and liabilities	2,807	2,692

Consolidated cash flows

	FY’25	FY’24
(Euros millions)	*(ended* *March 31*^st, 2025)	*(ended* *March 31*^st, 2024)
Consolidated net profit	92	178
*of which continuing operations*	91	*178*
Depreciation and amortization expense	140	126
Provision expense/(reversals), net	6	4
Provisions expense / (reversals) for retirement benefit obligations, net	0	0
(Gains)/losses on disposals of assets	15	0
Income tax	19	23
Net financial expense	9	5
Share-based payments	11	14
Other non-cash items	7	(17)
Non-cash items related to discontinued operations	(1)	(1)
EBITDA¹	298	332
*of which continuing operations*	*298*	*332*
Inventories	(38)	(19)
Trade receivables	(30)	(94)
Trade payables	(15)	(45)
Other receivables and payables	4	17
Income tax paid	(17)	(25)
Changes in working capital requirement and income tax paid related to discontinued operations	(0)	(0)
Change in working capital requirement and income tax paid	(96)	(167)
*of which continuing operations*	*(96)*	*(167)*
Net cash generated by operating activities	201	165
*of which continuing operations*	*202*	*166*

	FY’25	FY’24
(Euros millions)	*(ended* *March 31*^st, 2025)	*(ended* *March 31*^st, 2024)
Net cash generated by operating activities	201	165
*of which continuing operations*	*202*	*166*
Purchases of intangible assets	(27)	(48)
Purchases of property, plant and equipment	(172)	(177)
Interest received	19	17
Disposals/(acquisitions) of financial assets	4	(1)
Divestment flows related to discontinued operations	1	0
Net cash used in investing activities (1)	(176)	(208)
*of which continuing operations (1)*	*(176)*	*(209)*
Loans and drawdowns on credit lines	45	55
Repayment of borrowings and lease liabilities	(81)	(70)
Interest paid	(14)	(12)
Liquidity agreement	–	(8)
Change in interest in subsidiaries without change of control	(1)	(0)
Other financing flows	–	2
Financing flows related to discontinued operations	(0)	(0)
Net cash used in financing activities	(50)	(33)
*of which continuing operations*	*(50)*	*(33)*
Effects of exchange rate fluctuations	4	(3)
Net change in cash	(21)	(80)
*of which continuing operations*	*(21)*	*(80)*
*Cash at beginning of the period*	*708*	*788*
*Cash at end of the period*	*688*	*708*

(1) Net cash used in investing activities is net of leases and interest received. Total cash out related to capital expenditure amounted to 230 million Euros in FY’25 compared to 276 million Euros in FY’24.

¹ The EBITDA represents operating income before depreciation, amortization, impairment of non-current assets, non-cash items relating to share-based payments, provisions for impairment of current assets and for contingencies and expenses, and disposals gains and losses. EBITDA is not a financial indicator defined by IFRS and may not be comparable to EBITDA as reported by other groups. It represents additional information and should not be considered as a substitute for operating income or net cash generated by operating activities.

² EBITDA margin = EBITDA from continuing operations / Revenue.

³ Audit procedures were completed and the audit report is in the process of being issued.

⁴ The scope effect is related to the divestment of Dolphin Design’s mixed-signal IP activities (completed on October 31^st, 2024) and that of Dolphin Design’s ASIC activities (completed on December 30th, 2024)

⁵ EBITDA from continuing operations.
⁶ Financial debt less cash and cash equivalents

Attachment

Soitec FY’25 Results VUK V27052025

The MIL Network –

May 28, 2025

MIL-OSI: Soitec announces appointment of new Chief Financial Officer
Source: GlobeNewswire (MIL-OSI)

Soitec announces appointment of new Chief Financial Officer

Bernin (France), May 27, 2025 – Soitec (Euronext – Tech Leaders), a world leader in the design and production of innovative semiconductor materials, is pleased to announce the appointment of Albin Jacquemont as its new Chief Financial Officer (CFO), effective today.

Albin Jacquemont brings over 30 years of international experience in financial leadership, strategic planning, and corporate governance. His career spans listed and private equity-backed industrial and technology companies, including Inetum, Saur, Altran Technologies, Darty, and Carrefour. Throughout his tenure in these organizations, he has led major financial transformations and delivered significant value through operational performance improvement, cash-flow optimization and M&A execution.

In his new role, Albin Jacquemont will be responsible for all finance-related matters at Group level. He will play a pivotal role in reinforcing Soitec’s financial and operational foundations and supporting the company’s next phase of sustainable growth and value creation.

He succeeds Léa Alzingre, who will be stepping down to pursue new professional opportunities, having supported Soitec’s growth over the past six years.

“We are delighted to welcome Albin Jacquemont to Soitec’s Executive Committee. His extensive experience across complex industrial and technology environments, combined with his proven track record in financial transformation and value creation, will be instrumental as we continue to scale globally. I am confident that his leadership will strengthen our financial strategy and support the acceleration of our sustainable growth ambitions. I would also like to warmly thank Léa Alzingre for her strong commitment and valuable contributions to Soitec’s development during her tenure”, commented Pierre Barnabé, Soitec’s CEO.

“I am honored and excited to join Soitec’s Executive Committee, a global leader in innovative semiconductor materials. After a career spanning over three decades in senior financial leadership roles across Europe, the U.S., and emerging markets — including listed groups and private equity-owned companies — I look forward to bringing my experience to support Soitec’s global ambitions and pioneering technologies”, Albin Jacquemont stated.

*****

About Soitec

Soitec (Euronext – Tech Leaders), a world leader in innovative semiconductor materials, has been developing cutting-edge products delivering both technological performance and energy efficiency for over 30 years. From its global headquarters in France, Soitec is expanding internationally with its unique solutions, and generated sales of 0.9 billion Euros in fiscal year 2024-2025. Soitec occupies a key position in the semiconductor value chain, serving three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI. The company relies on the talent and diversity of its 2,300 employees, representing 50 different nationalities, working at its sites in Europe, the United States and Asia. Soitec has registered over 4,000 patents.

Soitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.

For more information: https://www.soitec.com/en/ and follow us on LinkedIn and X: @Soitec_Official

*****

Media Relations: media@soitec.com

Investor Relations: investors@soitec.com

Attachment
- 20250527_Soitec announces appointment of new Chief Financial Officer
The MIL Network –
May 28, 2025
MIL-OSI USA: Duckworth Grills Air Force Secretary on Taxpayer Costs and National Security Risks Regarding Trump’s $400 Million Qatar Bribe

US Senate News:

Source: United States Senator for Illinois Tammy Duckworth

May 20, 2025

[WASHINGTON, D.C.] – Combat Veteran and U.S. Senator Tammy Duckworth (D-IL)—a member of the U.S. Senate Armed Services Committee (SASC)—today pressed Air Force Secretary Troy Meink and Air Force Chief of Staff Gen. David Allvin on the more than $1 billion in taxpayer money it would cost to convert the Qatari jet into a secure Air Force One, as well as the operational security risks inherent with using a jet gifted by a foreign government to transport the President. Video of Duckworth’s remarks can be found on the Senator’s YouTube.

“It’s not enough that Donald Trump has given the pathetic appearance that he can be bought with a luxury jet—this flying national security risk will also force taxpayers to waste over $1 billion in upgrades to make the aircraft fit to protect a President of the United States,” Duckworth said. “We already have two fully operational and capable Air Force One aircraft. This would be a colossal, unnecessary waste of taxpayer dollars that needlessly creates operational security risks and gives the dangerous impression that our foreign policy is for sale. We cannot allow this.”

Duckworth has been an outspoken critic of the Trump Administration’s plan to accept the $400 million luxury jet from Qatar. Last Thursday, she led her Senate Democratic colleagues in demanding that the U.S. Department of Defense (DOD) be transparent with them about the substantial national security and operational risks posed by President Trump’s plan to accept the $400 million jet from the Qatari royal family. Last Friday, the Senator joined U.S. Senators Chuck Schumer (D-NY) and Adam Schiff (D-CA) and other colleagues in urging the DOD Acting Inspector General to open an inquiry into DOD’s involvement facilitating the transfer of an unprecedented foreign gift intended for President Trump’s personal use.

Since day one, Duckworth has repeatedly called out the Trump Administration’s top-ranking national security officials and the severe national security failures they have been responsible for. After The Atlantic reported that Defense Secretary Pete Hegseth sent classified war plans in a Signal group chat with other Trump Administration officials, putting the lives of our men and women in uniform at greater risk and undermining the effectiveness of the mission, Duckworth released a statement demanding Hegseth’s resignation and an independent investigation into all officials on the Signal chain. The Senator reiterated her call for Hegseth to resign in disgrace after the New York Times reported that Hegseth also shared the classified airstrike plans with his wife and brother. In March, Duckworth joined her Senate colleagues in calling on the U.S. Senate Select Committee on Intelligence, SASC and U.S. Senate Foreign Relations Committee to hold hearings to investigate why members of President Trump’s national security team were recklessly discussing classified military operations on unsecured devices.

-30-

MIL OSI USA News –

May 28, 2025
MIL-OSI USA: Duckworth, Durbin Help Introduce Legislation to Expand Medicare Drug Price Negotiation and Lower Costs for Americans

US Senate News:

Source: United States Senator for Illinois Tammy Duckworth

May 23, 2025

[WASHINGTON, D.C.] – U.S. Senator Tammy Duckworth (D-IL) and U.S. Senate Democratic Whip Dick Durbin (D-IL) joined U.S. Senators Amy Klobuchar (D-MN) and Peter Welch (D-VT) in reintroducing legislation to expand Medicare negotiation of drug prices. The Strengthening Medicare and Reducing Taxpayer (SMART) Prices Act would help lower drug costs for consumers, reduce federal spending and give the Department of Health and Human Services stronger tools to negotiate lower drug prices in Medicare Part B and Part D.

“No one should have to choose between paying for their lifesaving prescription or paying the rent—that’s why three years ago the Democrats passed the Inflation Reduction Act, to empower Medicare to directly negotiate with drug manufacturers,” Duckworth said. “I’m proud to join Senator Durbin and our Democratic colleagues in reintroducing the SMART Prices Act to help build on the progress we’ve made to lower the cost of prescription drugs and improve health care for hardworking Americans.”

“People in the United States are paying four times more than people in similar countries pay for life-saving medications,” said Durbin. “Democrats took the first step to address this issue three years ago by passing the Inflation Reduction Act, to enable Medicare to negotiate with Big Pharma to lower costs for seniors—while every Republican opposed these savings. Now, instead of focusing on lowering prices for Americans, Republicans in Congress are focused on cutting Medicaid to give tax breaks to billionaires. Senate Democrats are introducing the SMART Prices Act to help lower the outrageous cost of prescription drugs, expand on the progress we have made, and improve health care for Americans.”

According to preliminary estimates from a model by West Health and Verdant Research, if the SMART Prices Act was enacted in 2026, it would save 33 percent more by 2030 than current law. It would also allow Medicare to begin negotiations earlier and bring down the price of more expensive drugs.

This legislation builds on Klobuchar and Welch’s provision, which was passed into law in 2022, that has empowered Medicare to negotiate prescription drug prices for the first time, unleashing the power of 53 million seniors enrolled in Medicare Part D Drug Coverage. The SMART Prices Act would extend this progress by more than doubling the number of prescription drugs Medicare must negotiate to a minimum of 50 per year, allowing the most costly prescription drugs and biologics to have negotiated prices five years after approval by the Food and Drug Administration, and by increasing the discount that Medicare is allowed to negotiate.

Along with Duckworth, Durbin, Klobuchar and Welch, the SMART Prices Act is cosponsored by U.S. Senators Tammy Baldwin (D-WI), Michael Bennet (D-CO), Richard Blumenthal (D-CT), Cory Booker (D-NJ), Maria Cantwell (D-WA), Catherine Cortez Masto (D-NV), John Fetterman (D-PA), Kirsten Gillibrand (D-NY), Maggie Hassan (D-NH), Martin Heinrich (D-NM), Angus King (I-ME), Ben Ray Luján (D-NM), Ed Markey (D-MA), Jeff Merkley (D-OR), Chris Murphy (D-CT), Patty Murray (D-WA), Jack Reed (D-RI), Jeanne Shaheen (D-NH), Elissa Slotkin (D-MI), Tina Smith (D-MN), Chris Van Hollen (D-MD), Elizabeth Warren (D-MA) and Sheldon Whitehouse (D-RI).

The bill is endorsed by Center for American Progress, FamiliesUSA, Patients For Affordable Drugs NOW, Protect Our Care and Public Citizen.

-30-

MIL OSI USA News –

May 28, 2025
MIL-OSI USA: Duckworth Pays Tribute to Fallen Servicemembers at Annual South Side Memorial Day Wreath Laying Ceremony

US Senate News:

Source: United States Senator for Illinois Tammy Duckworth

May 26, 2025

[CHICAGO, IL] — Combat Veteran and U.S. Senator Tammy Duckworth (D-IL) today paid tribute to our nation’s fallen servicemembers at the 10th Annual South Side Memorial Day Wreath Laying Ceremony. Duckworth joined local leaders including U.S. Representative Jonathan Jackson (D-IL-01), Chicago 17^th Ward Alderman David Moore, State Senator Willie Preston (IL-SD-16) and State Representative Michael Crawford (IL-HD-31), as well as Veterans and servicemembers to honor local Gold Star families and remember loved ones who were killed in the line of duty. Photos of today’s event are available on the Senator’s website.

“This weekend is a somber reminder for our entire nation,” Duckworth said. “Memorial Day is a day to remember all those who answered the call not for themselves, not for their family members, but for democracy. Because you see, when you serve this nation, you’re stepping forward to defend our Constitution and our freedoms for the entire nation. And when you lay down your life in that process, you are laying down your life for people who will never know your name, never know to thank you, never know that you did this. But they will benefit, and their children and grandchildren will benefit from your sacrifice. And what we can do, those of us who survive, is to continue that commitment to our democracy.”

Duckworth served in the Reserve Forces for 23 years before retiring from military service in 2014 at the rank of Lieutenant Colonel. As a member of the U.S. Senate Armed Services (SASC) and Veterans’ Affairs Committees (SVAC), Duckworth oversees the nation’s common defense, military operations, servicemember pay and retirement, military family benefits and the selective service system.

-30-

MIL OSI USA News –

May 28, 2025
MIL-OSI USA: Senators Coons, McCormick introduce bill to address threats associated with increased cooperation between US adversaries
US Senate News:
Source: United States Senator for Delaware Christopher Coons

WASHINGTON – U.S. Senators Chris Coons (D-Del.) and David McCormick (R-Pa.) last week introduced the Defending International Security by Restricting Unlawful Partnerships and Tactics (DISRUPT) Act of 2025, a bipartisan bill to address the increased cooperation between U.S. adversaries that threatens our nation’s interests.

Authoritarian regimes in China, Russia, Iran, and North Korea have deepened their cooperation in recent years, including an increased transfer of weapons and munitions, sharing military technologies, launching disinformation campaigns, and coordinating joint operations that threaten the stability of the international order. Despite this looming threat, the U.S. lacks a strategic response to our adversaries increasing alignment.

“Our adversaries are becoming friends,” said Senator Coons. “We cannot continue to sit back and watch as they gain strength before our eyes – in weapons, in their armies, in their economic power. They want to make our country less secure and our economy less prosperous. The DISRUPT Act is the first step to stopping their progress and keeping Americans safe.”

“China, Russia, Iran, and North Korea are rapidly strengthening their ties, solidifying an axis of destruction and chaos bent on undermining the United States and our allies and partners around the world,” said Senator McCormick. “Senator Coons and I are introducing this legislation to help focus the interagency’s diplomatic, economic, defense, and intelligence priorities to define and combat this emerging adversarial alliance.”

Specifically, the DISRUPT Act of 2025 will:
- Direct the intelligence community to report on the trajectory of adversary collaboration across diplomatic, informational, military, and economic domains and its impact on U.S. interests
- Require the development of a whole-of-government strategy to approach this phenomenon
- Create interagency task forces within key departments such as State, Defense, Commerce, Treasury, and the Directors of National Intelligence and of the Central Intelligence Agency to ensure a coordinated, long-term response
The DISRUPT Act highlights the need for the U.S. to disrupt the most dangerous aspects of this adversarial cooperation, reduce its expanding footprint, and prepare for the growing likelihood of simultaneous challenges across multiple regions. The bill also reinforces America’s commitment to strategic leadership, strengthening alliances, and creating a long-term strategy to preserve our national interests.

Senator Coons is the Ranking Member on the Senate Appropriations Subcommittee on Defense and a member of the Senate Foreign Relations Committee.

A one-pager on the bill is available here.

The text of the bill is available here.
MIL OSI USA News –
May 28, 2025
MIL-OSI USA: Chairwoman McClain’s Statement on the Release of American Hostage

Source: US House of Representatives Republicans

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

Chairwoman McClain’s Statement on the Release of American Hostage

Washington, May 12, 2025

WASHINGTON —House Republican Conference Chairwoman Lisa McClain (R-Mich.) issued the following statement after Edan Alexander was released from Hamas’ captivity. He is the last living American held captive.

“Another American family has been reunited. We remain in awe of the strength demonstrated by the families and victims who have faced the unthinkable,” Chairwoman McClain said. “President Trump vowed to bring home hostages, and he has kept that promise. I am optimistic this will get us closer to the end of the Israel-Hamas war.”

MIL OSI USA News –

May 28, 2025
MIL-OSI USA: Chairwoman McClain Celebrates Police Week, Votes to Equip and Support Men and Women in Uniform

Source: US House of Representatives Republicans

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

WASHINGTON—House Republican Conference Chairwoman Lisa McClain (R-Mich.) thanked and honored our police officers during National Police Week and voted to pass three pieces of legislation to equip and support law enforcement officers.

“We are in awe of our men and women in uniform, who devoted their lives to serving and keeping our communities safe,” Chairwoman McClain said. “House Republicans have always backed the blue, and this week was a testament to that commitment. This week, we passed three pieces of legislation to strengthen law enforcement readiness and keep our officers safe.”

The U.S. House of Representatives passed the LEOSA Reform Act (H.R. 2243), the Federal Law Enforcement Officer Service Weapon Purchase Act (H.R. 2255), and the Improving Law Enforcement Officer Safety and Wellness Through Data Act (H.R. 2240).

H.R. 2243 allows qualified law enforcement officers who have committed themselves to their communities the opportunity to continue doing so by extending their concealed carry privileges.

H.R. 2255 allows current federal law enforcement officers in good standing to purchase a retired weapon at market value from a federal agency.

H.R. 2240 requires the Department of Justice to collect and report data on violent attacks against law enforcement officers, including government responses and gaps in reporting.

MIL OSI USA News –

May 28, 2025
MIL-OSI USA: Risk of False Positive Lead Test Results with Certain Capillary Blood Collection Tubes Used with Magellan Diagnostics LeadCare Testing Systems – FDA Safety Communication

Source: US Department of Health and Human Services – 3

Date Issued: April 24, 2025
The U.S. Food and Drug Administration (FDA) is alerting health care providers and laboratory staff of reports that falsely elevated (false positive) results have occurred when using ASP Global’s RAM Scientific SAFE-T-FILL Micro Capillary Blood Collection tubes with the LeadCare Testing Systems. These tests may overestimate blood lead levels and give inaccurate results when processing capillary blood samples collected in these ASP Global’s RAM Scientific SAFE-T-FILL tubes. The root cause of these false results is not yet known. The FDA is recommending that ASP Global RAM Scientific SAFE-T-FILL tubes not be used with the LeadCare Testing Systems while this issue is being investigated.
False test results may delay an accurate diagnosis and may lead to improper patient management and unnecessary follow-up tests (with additional risks), increased stress for patients and families, and disruptions in care. Timely and accurate detection of elevated lead levels is essential to prevent the harmful effects of lead poisoning and ensure patients receive the right care without delay.
The FDA is issuing this communication along with the following recommendations to mitigate the potential risk of inaccurate test results to assure that patients receive accurate information regarding potential lead exposure.
Recommendations for Health Care Providers and Facilities, Laboratory Staff, and Patients and Caregivers

Avoid using ASP Global’s RAM Scientific SAFE-T-FILL Micro Capillary Blood Collection tubes with the LeadCare Testing Systems.
The capillary collection devices that are provided with the LeadCare Test Systems as well as other third-party capillary blood collection tubes, as described in the instructions for use of LeadCare Testing Systems, can still be used.
If no alternate capillary blood collection devices are available other than the ASP Global’s RAM Scientific SAFE-T-FILL Micro Capillary Blood Collection tubes, interpret results with caution and consider retesting with a different method or specimen type.
Follow CDC’s recommendations for confirmatory venous blood testing based on blood lead levels observed in capillary blood lead tests (https://www.cdc.gov/lead-prevention/testing/index.html).

Device Description
The LeadCare, LeadCare II, LeadCare Plus, and LeadCare Ultra Blood Lead Tests are used to detect lead in a blood sample, which may be obtained from finger or heel prick (capillary). The current reports of inaccurate results are only with capillary samples collected in ASP Global RAM Scientific SAFE-T-FILL tubes. The LeadCare Testing Systems are used in clinical laboratories, doctor’s offices, clinics, and hospitals throughout the U.S. The LeadCare Test Kit includes capillary collection devices for use with the test system, and there have not been reports of falsely elevated results with the provided collection devices at this time. Sometimes third-party capillary blood collection tubes, sold separately, are also used for these tests. At this time, falsely elevated results have only been reported when ASP Global RAM Scientific SAFE-T-FILL Micro Capillary Blood Collection devices are used with the LeadCare Test Systems.
FDA Actions (Updated May 27, 2025)
The FDA is investigating the root cause of this issue with the manufacturers of the tests and collection tubes and will provide updates as critical information becomes available.
While the investigation is ongoing into the root cause of the false positive results discussed in this safety communication, on May 9, 2025, the FDA issued a Warning Letter to Kabe Labortechnik GmbH, the manufacturer of blood collection tubes, including the SAFE-T-FILL Capillary Blood Collection Systems distributed by ASP Global and referenced in this safety communication. This action follows an inspection by FDA of Kabe Labortechnik GmbH that revealed significant Quality System Regulation (QSR) and Medical Device Reporting (MDR) violations. As discussed in the Warning Letter, the FDA has taken steps to refuse entry of any devices manufactured by Kabe Labortechnik GmbH into the United States, referred to as an import alert, until these violations are addressed.
The FDA will keep the public informed if significant new information becomes available.
Related Warning Letters

Timeline of FDA Communication Updates

Date
Actions

05/27/2025
The FDA updated this communication to announce a warning letter was issued to Kabe Labortechnik GmbH for significant Quality System Regulation and Medical Device Reporting violations. As a result, the FDA initiated an import alert to prevent blood collection tubes manufactured by Kabe Labortechnik GmbH from entering the United States.

04/25/2025
The FDA issued this communication to alert health care providers and laboratory staff of reports of falsely elevated results occurring when using ASP Global’s RAM Scientific SAFE-T-FILL Micro Capillary Blood Collection tubes with the LeadCare Testing Systems.

Reporting Problems with Your Device
Health professionals and patients are encouraged to report adverse events or side effects related to the use of ASP Global’s RAM Scientific SAFE-T-FILL Micro Capillary Blood Collection tubes, Magellan Diagnostics LeadCare Testing Systems, or other devices to the FDA’s MedWatch Safety Information and Adverse Event Reporting Program:

By promptly reporting adverse events, you can help the FDA identify and better understand the risks associated with medical devices. The FDA regularly monitors the post-authorization use of tests, including reports of problems with test performance or results.
Questions?
If you have questions, contact CDRH’s Division of Industry and Consumer Education (DICE).

Content current as of:
05/27/2025

MIL OSI USA News –

May 28, 2025
MIL-OSI USA: Governor Stein Proclaims May 25-31 North Carolina Heat Awareness Week

Source: US State of North Carolina

Headline: Governor Stein Proclaims May 25-31 North Carolina Heat Awareness Week

Governor Stein Proclaims May 25-31 North Carolina Heat Awareness Week
lsaito
Tue, 05/27/2025 – 11:12

Raleigh, NC

Earlier this month, Governor Josh Stein proclaimed May 25-31 as North Carolina Heat Awareness Week to bring attention to key programs that keep North Carolinians safe and to bring awareness to ongoing climate warming trends.

“North Carolina state agencies and community partners are working to make sure North Carolinians have the resources they need to stay safe when temperatures soar,” said Governor Josh Stein. “North Carolina is preparing for another summer of record heat. While you are outside this summer, please take the necessary steps to prevent heat exhaustion and illness.”

Communities across the state are encouraged to prepare for high summer temperatures. Several communities across North Carolina experienced their hottest days ever recorded in 2024, and 2025 is likely to continue this trend. There were 4,688 heat-related illness emergency department visits in the summer of 2024, a nearly 20% increase from 2023.

The state Resiliency Program has provided critical support to North Carolina communities as they prepare and develop plans for reducing local impacts of extreme heat. Last year, the program launched the Heat Action Plan Toolkit in collaboration with NCDHHS, North Carolina State Climate Office, and Duke University Heat Policy Innovation Hub. The toolkit includes a template for creating a heat action plan, public outreach resources, checklists, and protocols that can be customized in advance of and during heat wave events. In December 2024, the Resiliency Program and North Carolina State Climate Office partnered to launch the Planning for Extreme Heat Cohort to help North Carolina communities develop local heat action plans. In addition, the NC Resilience Exchange website provides a complete collection of resources to help local and state leaders easily find climate resilience information relevant to their area.

Budget and staffing cuts at federal agencies like the U.S. Centers for Disease Control and Prevention (CDC) and the Environmental Protection Agency (EPA) have put programs that support heat safety at risk, including the state heat health alert system, the Heat-Related Illness Surveillance System, and a farmworker health training program.

“Our environmental health and epidemiology teams conduct critical work every day to inform North Carolinians of potential health effects of extreme heat, as well as ensure resources are available for those who experience heat-related illness,” said Department of Health and Human Services Secretary Dev Sangvai. “Cuts to these services would be detrimental to the health and well-being of the more than 11 million people who call North Carolina home.”

Among weather-related hazards, extreme heat is responsible for the highest number of deaths each year. Recognizing the symptoms of heat illness is key to preventing serious complications, including death. Some signs and symptoms include heavy sweating, paleness, muscle cramps, racing or weak pulse, dizziness, headache, fainting, and nausea or vomiting.

While heat-related illnesses can affect anyone regardless of age or physical condition, outdoor workers, infants and children, older adults, pregnant people, athletes, low-income individuals and people with underlying health conditions are at a disproportionate risk of experiencing adverse health effects.

Additionally, NCDHHS Operation Fan Heat Relief is underway through Oct. 31, 2025. Visit DHHS’s website to see if you qualify for a free fan for the hot summer months.

Read Governor Stein’s full proclamation designating Heat Awareness Week.

May 27, 2025

MIL OSI USA News –

May 28, 2025
MIL-OSI Security: Minnesota Man Indicted For Attempted Arson Of Memorial U.S. Army Tank With A Molotov Cocktail

Source: Office of United States Attorneys

Tampa, Florida – United States Attorney Gregory W. Kehoe announces the return of an indictment charging Trang Johnny Nha Phan (25, Minnesota) with attempted arson of federal property, possessing a Molotov cocktail as a convicted felon, and using a Molotov cocktail in furtherance of a crime of violence. If convicted on all counts, Phan faces a minimum penalty of 35 years, up to 65, in federal prison. The indictment also notifies Phan that the United States intends to forfeit assets that are alleged to be traceable to proceeds of the offense.

According to the indictment, on February 14, 2025, Phan attempted to set fire using a Molotov cocktail to a M-60 A-3 tank owned by the U.S. Army. At the time, Phan had been convicted for threats of violence and possessing three grams or more of heroin.

This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

An indictment is merely a formal charge that a defendant has committed one or more violations of federal criminal law, and every defendant is presumed innocent unless, and until, proven guilty.

This case was investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Sarasota Police Department, and the Sarasota County Sheriff’s Office. It will be prosecuted by Assistant United States Attorney Adam W. McCall.

MIL Security OSI –

May 28, 2025
MIL-OSI Security: Ohio Man Pleads Guilty to Filing False Tax Returns for Failing to Report Business Earnings

Source: Office of United States Attorneys

YOUNGSTOWN, Ohio − Sidney L. Glover, Jr., 36, of Warren, Ohio, has pleaded guilty to failing to report three years’ worth of business earnings to the IRS.

According to court documents, Glover was the sole owner of Teaching Excellence, LLC, a business dedicated to providing home healthcare services for individuals with disabilities. Because it specialized in serving clients with special needs, most of the company’s income was generated from the Ohio Department of Disabilities, which receives its funding through Ohio Medicaid.

IRS records analysis confirmed that the defendant did not file income tax returns for calendar years 2015 and 2016, but he eventually prepared and filed those documents two years later in April 2018. At that time, he also submitted the filing for the 2017 tax year. During the investigation, authorities learned that Glover’s Teaching Excellence business, in fact, generated more than $1 million in gross receipts for 2015, 2016, and 2017 combined, and that he did not report those earnings in his tax filings for those years. Investigators also found that Glover had spent some of the unreported business earnings on various personal expenses.

In total, the defendant’s failure to report business income resulted in a loss of approximately $155,000 in unpaid taxes owed to the United States Treasury.

On May 21, 2025, Glover pleaded guilty to making and subscribing false tax returns for which he faces a maximum of up to three years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors. Sentencing is yet to be scheduled.

The investigation was conducted by the Internal Revenue Service-Criminal Investigations (IRS-CI). IRS-CI is the criminal investigative arm of the IRS, responsible for conducting financial crime investigations, including tax fraud, narcotics trafficking, money-laundering, public corruption, healthcare fraud, identity theft and more. IRS-CI special agents are the only federal law enforcement agents with investigative jurisdiction over violations of the Internal Revenue Code, obtaining a 90% federal conviction rate. The agency has 20 field offices located across the U.S. and 14 attaché posts abroad.

Assistant U.S. Attorneys Brian M. McDonough and Brenna L. Fasko prosecuted the case for the Northern District of Ohio.

MIL Security OSI –

May 28, 2025
MIL-OSI Security: Gang Member Sentenced to 14 Years for Involvement in Cross-Country Drug Conspiracy

Source: Office of United States Attorneys

RALEIGH, N.C. – A Raleigh gang member was sentenced on Thursday to 14 years in prison for conspiring to traffic fentanyl pills in the Eastern District of North Carolina. Shakeim Weeks, age 30, pled guilty on February 27, 2025, to Conspiracy to Distribute and Possess with Intent to Distribute Four Hundred Grams or More of a Mixture and Substance Containing a Detectable Amount of Fentanyl.

According to court documents and other information presented in court, law enforcement determined that Weeks, a validated member of the United Blood Nation gang, was part of a drug trafficking organization that was obtaining fentanyl pills in California and Arizona and transporting them to the Raleigh area for distribution. On June 7, 2024, Weeks was arrested when law enforcement found approximately 100,000 fentanyl pills, weighing approximately 11 kilograms, in Week’s suitcase when he returned to North Carolina from a resupply trip to Arizona. The fentanyl pills Weeks’ brought to North Carolina were packaged in Lego boxes, consistent with other seizures of fentanyl pills from this drug trafficking organization.

This investigation was an Organized Crime Drug Enforcement Task Force (OCDETF) investigation. OCDETF identifies, disrupts, and dismantles the highest-level drug traffickers, money launderers, gangs, and transnational criminal organizations that threaten the United States by using a prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal, state, and local law enforcement agencies against criminal networks.

Daniel P. Bubar, Acting U.S. Attorney for the Eastern District of North Carolina made the announcement after sentencing by U.S. District Judge James C. Dever III. The Bureau of Alcohol, Tobacco, Firearms and Explosives, the Raleigh Police Department, the United States Postal Inspection Service, and the Durham Police Department investigated the case and Assistant U.S. Attorney Casey L. Peaden prosecuted the case.

Related court documents and information can be found on the website of the U.S. District Court for the Eastern District of North Carolina or on PACER by searching for Case No. 5:24-CR-200-D-006.

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MIL Security OSI –

May 28, 2025
MIL-OSI Security: Former President of Local Oilfield Consulting Service Business Sentenced in Federal Court for Money Laundering

Source: Office of United States Attorneys

SHREVEPORT, La. – Acting United States Attorney Alexander C. Van Hook announced that Brian T. Owen, 52, of Caddo Parish, Louisiana, has been sentenced for money laundering. United States District Judge S. Maurice Hicks, Jr. sentenced Owen to 30 months in prison, followed by 3 years of supervised release, $100,000 fine, and ordered him to pay $1,157,154.39 in restitution.

           Owen pleaded guilty in October 2024 to a Bill of Information charging him with one count of money laundering in connection with his unlawful activities as president of an oilfield consulting service business headquartered in Bossier City. According to information introduced in court, in June 2020, the company filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Western District of Louisiana.

           In January 2021, as part of the company’s bankruptcy plan of reorganization, a Distribution Trust was established to pay back creditors, and Owen executed a Distribution Trust Agreement in his role as president of the company. According to this plan, if Owen received any additional compensation from the company, he was required to pay 30% of that directly to the Distribution Trust.

           In 2021, the company began applying for Employee Retention Credits (“ERCs”), which are a refundable tax credit for certain eligible businesses and tax-exempt organizations that had employees and were affected during the COVID-19 pandemic. Owen then devised a scheme to defraud the Distribution Trust by intercepting the physical U.S. Department of Treasury Checks before they were deposited into the company’s working accounts. Unbeknownst to other senior leadership at the company, Owen had opened a bank account in the name of the company while it was still in bankruptcy. As part of the scheme, he deposited a total of $3.8 million in ERC funds for himself as additional compensation. Owen did not pay the Distribution Trust the 30% as he had agreed, but instead used the money for his own personal expenses, including to pay off gambling debts.

           The case was investigated by the Internal Revenue Service Criminal Investigation, Federal Bureau of Investigation, and Louisiana State Police and prosecuted by Assistant United States Attorney Seth D. Reeg.

# # #

MIL Security OSI –

May 28, 2025
MIL-OSI USA: Registration now open for seventh Government-to-Government (G2G) Conference in Bismarck

Source: US State of North Dakota

Registration is now open for the seventh Government-to-Government (G2G) Conference June 4-5 at the Bismarck Event Center.

The two-day conference brings together tribal, state, federal and private industry leaders to strengthen relationships and advance meaningful collaboration. The conference is hosted by the North Dakota Indian Affairs Commission.

The free event is open to the public, including all who are committed to building stronger partnerships with North Dakota’s five federally recognized tribal nations: Mandan, Hidatsa, and Arikara Nation (Three Affiliated Tribes), Spirit Lake Nation, Standing Rock Sioux Tribe, Turtle Mountain Band of Chippewa Indians, and Sisseton Wahpeton Oyate Nation.

Speakers will include tribal leaders, state officials and federal representatives. Gov. Kelly Armstrong is scheduled to deliver welcome remarks on June 4.

The conference also will feature a wide range of breakout sessions addressing timely topics relevant to the state and region.

Conference registration is available here.

MIL OSI USA News –

May 28, 2025
MIL-OSI Security: Elizabeth City Man Sentenced to 78 Months in Prison for Possession with Intent to Distribute a Quantity of Fentanyl

Source: Office of United States Attorneys

RALEIGH, N.C. – An Elizabeth City man was sentenced Thursday to 6.5 years in prison after he ran from law enforcement during a traffic stop and was found in possession of 29.66 grams of fentanyl. Rashawn M. Baum, 29, pled guilty to Possession With the Intent to Distribute a Quantity of a Mixture and Substance Containing a Detectable Amount of Fentanyl on February 27, 2025.

According to court records, officers with the North Carolina Alcohol Law Enforcement and Elizabeth City Police Department observed Baum driving erratically at a high rate of speed. When officers tried to initiate a traffic stop, Baum sped off. After a short pursuit, Baum collided with two separate cars before coming to a stop near a local family restaurant. Baum and one of the passengers in the car attempted to flee on foot but were caught quickly.

In Baum’s vehicle, law enforcement found a green Crown Royal bag on the driver’s side floorboard. It contained a plastic bag and ten bindles containing various quantities of a white substance. Tests of that substance confirmed it to be approximately an ounce of fentanyl. Law enforcement also recovered a .357 semi-automatic pistol from the scene.

U.S. District Court Judge James C. Dever, III, imposed the sentence and stated that “fentanyl is destroying thousands of lives.” Judge Dever explained the sentence was, in part, because the defendant would rather poison members of his community than seek legitimate employment. The 78-month sentence will commence after Baum finishes an unrelated state sentence in 2031.

Elizabeth City Chief of Police Eddie Graham echoed the District Court and stated that “drugs ruin people’s lives, break up families, and have a disastrous effect on our community.” Chief Graham asserted that such conduct “will no longer be tolerated.”

Daniel P. Bubar, Acting U.S. Attorney for the Eastern District of North Carolina made the announcement after sentencing by U.S. District Judge James C. Dever III. The Federal Bureau of Investigation, North Carolina Alcohol Law Enforcement, and Elizabeth City Police Department investigated the case, and Assistant U.S. Attorneys Phil Aubart and Logan Liles prosecuted the case.

Related court documents and information can be found on the website of the U.S. District Court for the Eastern District of North Carolina or on PACER by searching for Case No.5:24-CR-182.

###

MIL Security OSI –

May 28, 2025
MIL-OSI Security: Federal Jury Finds St. Paul Man Guilty of Felon in Possession of a Firearm

Source: Office of United States Attorneys

ST. PAUL, Minn. – A federal jury found Noel Hall of St. Paul guilty of being a felon in possession of a firearm, announced Acting U.S Attorney Lisa D. Kirkpatrick.

According to evidence presented at trial, Noel Debra Hall, 47, drunkenly brandished a firearm inside a St. Paul apartment at approximately 5:30 a.m. on July 7, 2024. The St. Paul Police Department responded to the apartment complex and engaged in a multi-hour standoff with Hall, who was barricaded inside. Hall surrendered to police after the St. Paul SWAT team deployed a drone inside the apartment. Law enforcement ultimately discovered a semiautomatic pistol and a loaded magazine concealed in a box spring within the apartment.

According to court documents, Hall is a former federal defendant convicted in 2019 of possession with the intent to distribute heroin and fentanyl. He was on supervised release for that conviction when he committed this offense of unlawfully possessing a firearm.

“As a convicted felon, Noel Hall was prohibited from possessing a firearm, and his conduct underlying his conviction in this case shows precisely why that was—he was a clear and present danger to the public. St. Paul is a safer place as a result of the jury’s verdict,” said Acting U.S. Attorney Lisa D. Kirkpatrick.

This case is the result of an investigation conducted by the Federal Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) and the St. Paul Police Department.

Assistant U.S. Attorney Raphael B. Coburn tried the case.

MIL Security OSI –

May 28, 2025
MIL-OSI Russia: “It’s a great joy to be able to discuss your scientific ideas with interested people.”

Translation. Region: Russian Federal

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

Created in Nizhny Novgorod campus of HSE International Laboratory of Dynamic Systems and Applications conducts deep theoretical research and applied studies, including the study of ocean waves, solar corona reconnections, volcanic phenomena and ship stability. Its scientists, who have won more than 20 significant scientific grants over the past 5 years, actively collaborate with Russian and foreign colleagues from China, Spain, the USA, Great Britain, Brazil and other countries. The Vyshka.Glavnoe news service spoke with its head, Professor Olga Pochinka, about the work of the laboratory.

— When was the laboratory created?

— Let’s start with 2014, when colleagues from the Mathematics Department of the Moscow HSE suggested creating a department on the Nizhny Novgorod campus, and we were fired up by the idea. Together with five colleagues, we moved from the Nizhny Novgorod State University to the HSE in Nizhny Novgorod, and in 2015 we opened the first intake of undergraduate students for the Mathematics educational program, a total of eight people.

Then the recruitment began to expand, and I began inviting people from UNN. We worked as research fellows at the Laboratory of Theory and Practice of Decision Support and simultaneously taught students.

In 2017, we separated into the Laboratory of Topological Methods of Dynamics, and in 2019, we won a mega-grant from the Government, and this was the only mega-grant in fundamental mathematics won in the Nizhny Novgorod region in the entire history of projects. Our leading scientist Dmitry Turaev is also a former Nizhny Novgorod resident, now a professor at the British Imperial College, a renowned specialist in the field of dynamic systems.

The laboratory began to grow rapidly, and in parallel with the increase in scientific work, we also expanded our educational areas: we created a postgraduate program, a master’s program, and this year we are opening a new bachelor’s program in applied mathematics.

— Tell us about the priority areas of the laboratory’s work.

— Initially, our laboratory was created primarily as a center for fundamental scientific research. Mathematics is a self-sufficient science, and there are always people who are interested in learning its own laws. An equally important activity is to explain how these laws work in practice. Recently, the laboratory team has noticeably expanded with researchers actively engaged in applied developments.

— What applied areas would you highlight?

— We have problems that come from physics. For example, we studied the effects of reconnection in the solar corona. From the point of view of deep mathematical theory, we explained the mechanism of solar flares. If we imagine the surface of the Sun as a two-dimensional sphere, then the magnetic charges on the surface create domes that change their location depending on the configuration of the charges. When the domes collide, so-called separators appear, visually manifesting themselves in the occurrence of a solar flare. The mechanisms of dome reconnection were explained using the bifurcation of the birth of a heteroclinic curve, widely known in the theory of dynamic systems.

We also managed to explain the pattern recognition algorithm by the existence of an energy function in a dynamic system. In general, tasks related to the construction of such functions are very important. All dynamic systems are largely dissipative, that is, they lose energy over time. We managed to establish the relationship between the energy function and the dynamics of the system. That is, a scientist, even without knowing the system, can measure the indicators of its energy function and say a lot about the dynamics of the system.

These are just the applications I have worked with personally. But there are many employees in the lab developing other applied areas.

Efim Pelinovsky and his student Ekaterina Didenkulova conducted a theoretical analysis of internal waves that arise in the ocean during an explosive eruption of an underwater volcano. They calculated the characteristics of the wave field for different ratios between the radius of the explosion source and the depth of the basin. And they showed that the field of internal waves has the form of frequency-modulated groups, of which the head group has the maximum amplitude. The wave of maximum height in this train arrives significantly later than the weak head wave, which makes it possible to prepare for the approach of dangerous waves.

Ioann Melnikov studies the dynamics of waves in both linear and nonlinear weakly dispersive models. In his work with shallow water equations, there is an interesting question about finding non-reflective bottom profiles, due to which a wave can propagate freely over large distances (with conservation of energy), which is important for applications. Together with Efim Pelinovsky, he obtained a countable family of limited bottom profiles and a continuous family in the form of underwater slides. Research into weakly nonlinear and weakly dispersive models (described by Korteweg-de Vries type equations) is also aimed at finding and studying waves that propagate with a constant speed and unchanged shape (in particular, soliton solutions). In this way, a classification of soliton solution shapes was obtained in the generalized Korteweg-de Vries equation, and now the question arises of how this classification can change with a different account of nonlinearity and dispersion.

Fedor Peplin studies computational fluid dynamics, motion dynamics and stability of high-speed vessels. New criteria for the stability of hovercraft have been obtained. A model of the dynamics of an hovercraft with flexible skegs has been constructed, allowing for the design of amphibious vehicles for use in hard-to-reach regions. Issues related to the damping of various types of high-speed vessels have been studied. Work is currently underway to obtain new, more precise criteria for the stability of promising amphibious vehicles, taking into account the design features and operating conditions of the vehicles. Methods for modeling the dynamics of flexible pneumatic structures in a fluid flow are also being developed.

— There are several scientific groups within the laboratory, conducting research in different directions. How did you manage to unite them?

— The forming direction is dynamic systems, but almost all phenomena in the world fall under the definition of “dynamic systems”. Thus, Natalia Stankevich uses them for research in biology and medicine, and Alexey Kazakov is engaged in numerical calculation for specific systems of differential equations describing such phenomena as turbulence, Celtic stone, Chaplygin’s top, etc.

Under the umbrella of dynamic systems in the laboratory, specialists in such fundamental mathematical areas as algebra, geometry, topology, function theory, etc., which are not directly related to dynamic systems, also feel great. There is a very strong group of physicists involved in fluid mechanics. Often, such scientific symbiosis brings unexpected results at the junction of research areas.

— How do you attract such diverse specialists?

— As a rule, a young or established scientist appears in the laboratory as a participant in some won grant or project. The laboratory management does everything possible to create comfortable conditions for the employees, welcoming any creative initiative. People appreciate this and in most cases remain in the team after the end of the project, some even move to Nizhny Novgorod for permanent residence.

Another source of promising researchers is educational activity. Since the laboratory serves several educational programs, the range of which is expanding every year, the number of professors and teachers naturally increases. Due to the presence of a scientific department, teachers have a smaller workload than in their previous places of work. The newly arrived employees are happy to devote their free time to scientific research.

The main source of influx of personnel, of course, are students of our program “Fundamental and Applied Mathematics”.

We try not only to attract students to scientific research, but also to track their emerging interest in a timely manner. We offer to work as an intern, some come in the first year of the bachelor’s degree. We involve them in active scientific life, grants, schools, conferences. The overwhelming majority stay in the laboratory, and this is a huge driving force

We have now reached a staff of 60 employees, almost like a small research institute.

— How important do you consider mentoring and personal example to be in science?

— Extremely important. Specifically for our team, we managed to ensure the continuity of generations. In our laboratory, we have employees who are over 75–80 years old, very experienced scientists, some of whom studied with Academician Alexander Andronov, his closest associates and students. There are not so many middle-aged scientists (like me), but we managed to show young people scientists with a high academic culture, such as my scientific supervisor Vyacheslav Grines and his colleagues from the school of nonlinear oscillations.

Let me remind you that the scientific school of nonlinear oscillations was created in Gorky (now Nizhny Novgorod) by young scientists who moved to the then closed city, headed by the future academician Alexander Andronov. A physicist by profession, he sought to describe mathematical models of physical processes and phenomena, to translate them into mathematical language. He created the radiophysics department at Gorky University, then the Institute of Applied Mathematics and Cybernetics was organized, and a scientific school was formed, known in the world as the school of dynamic systems.

— How do you manage to find resources for research?

— We constantly apply for grants and development programs — for established researchers, young people, external and internal to HSE. Over the past 5 years, we have won 21 grants — that’s a lot for a relatively small team. Thanks to young and experienced colleagues who go through the very labor-intensive application process. In general, the main rule of an ambitious team is to never stop at what has been achieved. Even if it seems that today you already have everything you wanted, you must constantly set new goals for yourself.

— How was the international academic cooperation project formed and how does it work?

— The project with Shanghai Tongji University is a joint Russian-Chinese grant, it began in 2024 and is designed for three years. The project mainly involves fundamental research in the qualitative theory of dynamic systems. We met the Chinese co-director of the project, Bin Yu, back in 2010 in France, where we worked together with world-class dynamist Christian Bonatti. To date, we have already written several joint articles.

International scientific cooperation, exchange of ideas is always great. Our young employees went to China, and everyone really liked the atmosphere at the partner university. It is a great joy to have the opportunity to discuss your scientific ideas with interested people.

— Do the laboratory and its staff work outside the university, implementing the educational function of HSE?

— The annual international conference “Topological Methods in Dynamics” has been gathering like-minded scientists from all over the world within the walls of the Nizhny Novgorod HSE for 9 years now.

This year we are holding another scientific conference dedicated to the 30th anniversary of the Nizhny Novgorod Mathematical Society, of which I am currently the president.

For 6 years now, every March we have been holding a school for students called “Mathematical Spring”, inviting different lecturers and speakers, and judging by the students’ feedback, this is a very interesting format for them.

For the second year in a row, we are organizing a student school at the Sirius Mathematical Center together with colleagues from Moscow State University and Moscow Institute of Physics and Technology.

A good initiative was the holding of the All-Russian review of students’ diploma works, which will be held for the fifth time this year.

In June-July we hold a thematic shift for schoolchildren called “Intellectual”. The children are immersed in mathematics, including applied mathematics, computer science, and artificial intelligence. It has been held for the tenth time, in recent years – in the “Salut” camp in the Nizhny Novgorod region.

Throughout the school year, we have a “Mathematical Academy”, where schoolchildren gain their first experience working with scientific research. Our scientists generously share interesting tasks with young talents, and under their guidance, students annually become winners of the “Scientific Society of Students” research paper competition.

I would like to emphasize once again that all this would be impossible without our youth with their energy and enthusiasm. It is great that we have them and that there are more and more of them.

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

MIL OSI Russia News –

May 28, 2025
MIL-OSI Security: Las Vegas Man Indicted for Multiple Armed Carjackings

Source: US FBI

LAS VEGAS – A Las Vegas man made his initial court appearance Tuesday before United States Magistrate Judge Daniel J. Albregts for allegedly committing multiple violent armed carjackings.

According to allegations contained in the indictment, on March 24, 2025, Aerion Warmsley brandished a Taurus 9mm firearm and stole a Mercedes-Benz CLA 250 from a victim by force, violence, and intimidation. The victim suffered a fractured nose. Then, on March 27, 2025, Warmsley brandished the 9mm firearm and stole a Mercedes-Benz GL450 from a victim by force, violence, and intimidation. While fleeing from law enforcement, he struck two pedestrians with the vehicle resulting in serious bodily injury to the victims. One victim suffered a brain bleed and multiple fractures, and the second victim suffered multiple fractures. On the same day, Warmsley brandished the 9mm firearm and stole a Kia Sorrento from a victim by force, violence, and intimidation.

Warmsley is charged with two counts of carjacking resulting in serious bodily injury, three counts of brandishing a firearm during and in relation to a crime of violence, and one count of carjacking. A jury trial has been scheduled for July 14, 2025, before United States District Judge Gloria M. Navarro.

If convicted, Warmsley faces the maximum statutory penalty of life in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

United States Attorney Sigal Chattah for the District of Nevada and Special Agent in Charge Spencer L. Evans for the FBI Las Vegas Division made the announcement.

This case was investigated by the FBI, Las Vegas Metropolitan Police Department, North Las Vegas Police Department, Henderson Police Department, and the Clark County School District Police Department. Assistant United States Attorney Edward Penetar is prosecuting the case.

An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

###

MIL Security OSI –

May 28, 2025
MIL-OSI Security: Idaho Man Indicted After Allegedly Assaulting U.S. Park Rangers in Southern Utah

Source: US FBI

SAINT GEORGE, Utah – A federal grand jury returned an indictment today charging an Idaho man after he allegedly assaulted federal officers with his vehicle at the Glen Canyon National Recreation Area in Southern Utah.

Gregory Aaron Farley, 51, of Hazelton, Idaho, was charged by complaint on May 3, 2025.

According to court documents, on May 3, 2025, two U.S. Park Rangers working at the Glen Canyon National Recreation Area responded to a dispatch call that reported an erratic driver in a white pick-up truck near Lake Powell. At 7:47 p.m., the rangers conducted a traffic stop on Highway 89 on a pick-up truck matching the vehicle description. Farley was the driver and while one of the rangers was speaking to him, Farley fled the scene at a high rate of speed, nearly hitting one of the rangers. The rangers returned to their patrol vehicle and pursued Farley. During the pursuit, Farley turned around and collided into the driver’s side of the rangers’ vehicle. As a result, the rangers were pushed into the shoulder of the road, the airbags deployed, and the driver’s side door was rendered inoperable. After Farley hit the rangers’ truck, he reversed his truck and was still facing the rangers’ truck. In response, both rangers fired their weapons at Farley. Additional officers arrived on the scene, Farley exited his truck, and received medical aid. He was then taken into custody.

Farley is charged with assault on an employee of the United States with a Dangerous Weapon. His initial appearance on the indictment is scheduled for May 19, 2025, at 10:00 a.m. before a U.S. Magistrate judge in Room 2B of the courthouse located at 206 West Tabernacle Street, St. George, Utah 84470.

Acting United States Attorney Felice John Viti for the District of Utah made the announcement.

The case is being investigated by the FBI Salt Lake City Field Office.

Assistant United States Attorneys Stephen P. Dent and Joseph M. Hood of the U.S. Attorney’s Office for the District of Utah are prosecuting the case.

This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETF) and Project Safe Neighborhoods (PSN).

An indictment is merely an allegation and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

Attachments:

MIL Security OSI –

May 28, 2025
MIL-OSI Security: Man Who Made Bomb Threat on a Flight to Seattle Sentenced to Federal Prison

Source: US FBI

Spokane, Washington – Acting United States Attorney Richard R. Barker announced that United States District Judge Thomas O. Rice sentenced Brandon L. Scott, age 40, to 22 months in prison for making a bomb threat onboard a flight to Seattle. Judge Rice also imposed 3 years of supervised release and $79,449.47 in restitution to Alaska Airlines and the Spokane International Airport.

According to court documents and information presented at the sentencing hearing, On July 5, 2023, Scott was a passenger on an Alaska Airlines flight from Atlanta to Seattle. During the flight, Scott handed a flight attendant a note that said in part:

“There is a bomb on the plane. This is not a joke. Several pounds of homemade explosives are in my carry-on bag. I have a detonator with me. Handle this matter carefully and exactly how I say, otherwise I will detonate the explosives and kill everyone on board. You are to alert the pilot to this note and keep the issue to yourself. Many innocent lives are in your hands, do as I demand and everyone will live. Deviate and the consequences will be deadly for all of us. I have nothing left to lose.”

The note included instructions to reroute the plane from its destination in Seattle and land at another airport. The flight attendant alerted the captain and co-pilot to the threat who then alerted Air Traffic Control. Air Traffic Control diverted the flight to the Spokane International Airport. The airport placed a ground stop on all aircraft, resulting in significant delays to other departing and arriving aircraft and passengers.

The plane landed at Spokane International Airport and Scott was taken into custody and admitted to what he had done. No explosive materials or devices were found on the plane.

“Threatening the safety of a commercial flight is a serious federal crime that puts lives at risk, disrupts national air travel, and drains emergency resources,” said Acting U.S. Attorney Richard R. Barker. “Mr. Scott’s actions caused widespread disruption and alarm, and this case underscores our commitment to protecting the safety of passengers and airline personnel in Eastern Washington and across the country.”

“The threat made by Mr. Scott ended up being a hoax, but he is finding it had real-life consequences,” said W. Mike Herrington, Special Agent in Charge of the FBI’s Seattle field office. “Fortunately, his actions did not result in anyone being hurt. I am grateful that the flight landed without incident in this case and applaud the flight crew for the professional manner in which they handled a potentially dangerous situation.”

This case was investigated the FBI. It was prosecuted by Assistant United States Attorneys Tyler H.L. Tornabene and Patrick J. Cashman.

2:23-cr-00084-TOR

MIL Security OSI –

May 28, 2025
MIL-OSI: Approved base prospectus of UAB “Atsinaujinančios energetikos investicijos”
Source: GlobeNewswire (MIL-OSI)

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE IN THIS STOCK EXCHANGE RELEASE BELOW.

On 16 May 2025 an extraordinary general meeting of shareholders of UAB “Atsinaujinančios energetikos investicijos”, the closed-end investment company intended for informed investors (hereinafter, the “Company”) approved up to EUR 100,000,000 nominal value Unsecured Fixed Rate Note Programme (hereinafter, the “Notes”). The Company has drafted the base prospectus for the Notes issued under the programme to be introduced to trading on the regulated market AB Nasdaq Vilnius Bond list (hereinafter, the “Prospectus”), which was approved by the Bank of Lithuania on 27 May 2025 (please see the attached documents).

IMPORTANT NOTICE:

This notification is not for distribution to United States news agencies or for dissemination in the United States, Canada, Japan or Australia or elsewhere where such dissemination is not appropriate.

Distribution of this announcement and other information in connection with the securities may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

No offer or invitation to acquire securities of the Company is being made by or in connection with this notification. The Prospectus is the only legally binding document containing information on the Company, the Notes and their admission to trading on the regulated market. The Prospectus is published on the website of the Company https://lordslb.lt/aei_green_bonds_2025/ as well as on www.nasdaqbaltic.com and www.crib.lt.

Approval of the Prospectus shall not be understood as an endorsement of the securities admitted to trading on a regulated market. The potential investors are recommended to read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the securities. Furthermore, the securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.

Additional information:

Mantas Auruškevičius

Manager of the Investment Company

mantas.auruskevicius@lordslb.lt

Attachments:
1. Base Prospectus
2. Decision of the Bank of Lithuania regarding approval of the prospectus (in Lithuanian)
Attachments
- Base Prospectus
- Elektroninio dokumento nuorašas
The MIL Network –
May 28, 2025
MIL-OSI: Blockmate Launches Bitcoin Mining Subsidiary With 200MW Capacity and ‘Mine-and-Hold’ Strategy in Wyoming, USA

Source: GlobeNewswire (MIL-OSI)

TORONTO, May 27, 2025 (GLOBE NEWSWIRE) — Blockmate Ventures Inc. (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH) (“Blockmate” or the “Company”), a Blockchain & Web3 venture builder focused on digital asset infrastructure, has launched its wholly owned subsidiary Blockmate Mining, a dedicated Bitcoin mining business with ambitions to become a major player in the North American market. The new entity will pursue a long-term “mine-and-hold” strategy, accumulating Bitcoin on its balance sheet as it scales operations.

Blockmate Mining has secured a site in Wyoming, USA, adjacent to a major power substation, with the potential to support up to 200 megawatts (MW) of mining capacity. The Company plans to roll out operations in phases, beginning with an initial 10MW deployment within the next 6 to 12 months and scaling up to 50MW, subject to capital availability. At full capacity (200MW), the site is estimated to produce approximately 200 Bitcoin per month, based on current network conditions and mining difficulty, which may vary over time.

“Blockmate Mining is a natural extension of our mission to deliver long-term value through real digital asset infrastructure,” said Justin Rosenberg, CEO of Blockmate Ventures. “With our Wyoming site secured and investor interest already strong, we’re positioned to build a highly scalable and capital-efficient mining operation. We’re focused on both generating Bitcoin and maximizing its long-term value for shareholders.”

The Wyoming site offers an electricity cost of just USD 3.3 cents per kilowatt-hour, among the most competitive rates in North America. The Company intends to hold a significant portion of mined Bitcoin on its balance sheet—seeking both capital appreciation and 7–15% annual yield through institutional-grade custody and yield-generating strategies such as staking or lending.

In parallel, Blockmate is actively exploring capital raise opportunities, including traditional equity, strategic investor partnerships, and innovative tokenized financing models linked to future Bitcoin output (hashpower). The first funding milestone targets USD $15 million to activate the initial 10MW, with a follow-on $55 million to scale to 50MW. Over time, the Company plans to spin out Blockmate Mining as a separately listed entity, with NASDAQ as the preferred destination.

“We see a significant opportunity beyond Bitcoin,” added Domenic Carosa, Founder & Chairman of Blockmate Ventures. “With rising global demand for compute infrastructure, our Wyoming site offers the flexibility to support both AI and HPC workloads alongside Bitcoin mining. Blockmate Mining is uniquely positioned to capitalize on both the digital asset and AI revolutions.”

Blockmate Mining is already in early-stage discussions with strategic partners in the AI and data center space, exploring hybrid infrastructure models that fully leverage its land and power footprint. In parallel, Blockmate is actively exploring capital raise opportunities, including traditional equity and strategic investor partnerships.

About Blockmate Ventures Inc.

Blockmate Ventures (TSX.V: MATE) is a Blockchain & Web3 venture builder investing in and operating scalable blockchain, mining, and digital infrastructure companies. From decentralized computing with Hivello to the newly launched Blockmate Mining, the Company’s portfolio provides investors with diversified exposure to emerging sectors within Web3 and beyond.

To learn more, visit www.blockmate.com.

Blockmate welcomes investors to join the Company’s mailing list for the latest updates, webinars and industry research by subscribing at https://www.blockmate.com/subscribe.

ON BEHALF OF THE BOARD OF DIRECTORS

Justin Rosenberg, CEO
Blockmate Ventures Inc
justin@blockmate.com
(+1-580-262-6130)

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information
This news release contains “forward-looking statements” or “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on the assumptions, expectations, estimates and projections as of the date of this news release. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. 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. Raindrop disclaims any obligation to update any forward-looking statements, whether because of new information, future events or otherwise, except as may be required by applicable securities laws. Readers should not place undue reliance on forward-looking statements.

The MIL Network –

May 28, 2025
MIL-OSI USA: Senate Passes Peters’ Bipartisan Bill to Strengthen U.S. Semiconductor Manufacturing

US Senate News:

Source: United States Senator for Michigan Gary Peters
WASHINGTON, DC – The U.S. Senate passed bipartisan legislation authored by U.S. Senator Gary Peters’ (MI) to bolster American semiconductor manufacturing. Peters’ Securing Semiconductor Supply Chains Act would strengthen federal efforts to attract investment in U.S. semiconductor manufacturers and supply chains. The legislation aims to build on the CHIPS and Science Act, which Peters helped craft and pass into law to expand U.S. semiconductor manufacturing, bring home good-paying jobs, and strengthen U.S. national security.
“In order to remain a global economic powerhouse, we need to build on the investments we made in the CHIPS and Science Act to continue expanding our vital semiconductor industry,” said Senator Peters, a member of the Senate Commerce, Science, and Transportation Committee. “This bipartisan bill would help drive further investment in American manufacturers and supply chains to reduce our dependence on foreign competitors for these critical technologies and create more good-paying jobs in Michigan. I’m pleased the bill passed the Senate and I’ll continue working to see it enacted into law.”
The Securing Semiconductor Supply Chains Act would direct the U.S. Department of Commerce’s SelectUSA program to collaborate with federal agencies and state economic development organizations to attract investment in U.S. semiconductor manufacturers and supply chains. Peters’ bill – which passed the Senate last Congress – would help to address the ongoing global shortage of semiconductor technologies that has disrupted a range of industries in recent years – including manufacturers and automakers in Michigan. Peters reintroduced the bill with U.S. Senators Rick Scott (R-FL) and Marsha Blackburn (R-TN).
The SelectUSA program, established in 2011, focuses on attracting job-creating business investments to the United States. This legislation would enhance SelectUSA’s role in strengthening private sector investments across the semiconductor manufacturing supply chain.
The Securing Semiconductor Supply Chains Act would also require SelectUSA to engage with state-level economic development organizations to identify strategies and address challenges in attracting foreign direct investment for semiconductor manufacturing. The goal is to develop comprehensive strategies to increase investments in this critical sector.
Peters has worked to address the semiconductor shortage crisis that has stymied automotive innovation in recent years and impacted consumers, workers, and industries across the country – including the Michigan auto industry. Peters secured multiple provisions in the CHIPS and Science Act that was signed into law to bolster U.S. semiconductor production, including a provision he championed with former U.S. Senator Debbie Stabenow (MI) to create a $2 billion supplemental incentive fund to support the domestic production of mature semiconductor technologies and ensure that projects supporting critical manufacturing industries are given priority status, which would include the automotive sector. This is in addition to $50 billion already in the bill to incentivize the production of semiconductors of all kinds in the U.S. – for a total of $52 billion.
The CHIPS and Science Act also included Peters’ bipartisan Investing in Domestic Semiconductor Manufacturing Act, which will ensure federal incentives to boost domestic semiconductor manufacturing include U.S. suppliers that produce the materials and manufacturing equipment that enable semiconductor manufacturing – bolstering semiconductors supply chains and Michigan manufacturers. Peters’ provision directly supports Michigan manufacturers like Hemlock Semiconductor (HSC) in Hemlock, Michigan which was recently awarded up to $325 million in CHIPS and Science Act funding to build a new, state-of-the-art manufacturing facility. The project will allow the company to expand production of hyper-pure polysilicon needed to manufacture semiconductor chips and is expected to create 180 good-paying manufacturing jobs, as well as thousands of construction jobs, in Michigan.

MIL OSI USA News –

May 28, 2025
MIL-OSI USA: Senate Passes Peters, Blackburn, Scott Bipartisan Bill to Strengthen Domestic Semiconductor Manufacturing

US Senate News:

Source: United States Senator for Michigan Gary Peters
Published: 05.27.2025
Legislation Aims to Bolster Domestic Semiconductor Manufacturing, Create Good-Paying American Jobs

WASHINGTON, DC – The U.S. Senate passed bipartisan legislation authored by U.S. Senators Gary Peters (D-MI), Rick Scott (R-FL), and Marsha Blackburn (R-TN) aimed at bolstering domestic semiconductor manufacturing. The Securing Semiconductor Supply Chains Act would strengthen federal efforts to attract investment in U.S. semiconductor manufacturers and supply chains.
“In order to remain a global economic powerhouse, we need to build on the investments we made in the CHIPS and Science Act to continue expanding our vital semiconductor industry,” said Senator Peters, a member of the Senate Commerce, Science, and Transportation Committee. “This bipartisan bill would help drive further investment in American manufacturers and supply chains to reduce our dependence on foreign competitors for these critical technologies and create more good-paying jobs in Michigan. I’m pleased the bill passed the Senate and I’ll continue working to see it enacted into law.”
“The United States must end its dependence on Communist China for semiconductor production,” said Senator Blackburn. “The Senate’s passage of our bipartisan Securing Semiconductor Supply Chains Act is a win for Tennessee manufacturers who rely on semiconductors to support local and global supply chains. We need to work with local leaders to encourage domestic semiconductor production to protect our supply chain, economy, and national security. This legislation does exactly that.”
The Securing Semiconductor Supply Chains Act would direct the U.S. Department of Commerce’s SelectUSA program to collaborate with federal agencies and state economic development organizations to attract investment in U.S. semiconductor manufacturers and supply chains. The bill – which previously passed in the Senate – would help to address the ongoing global shortage of semiconductor technologies that has disrupted a range of industries in recent years.
The SelectUSA program, established in 2011, focuses on attracting job-creating business investments to the United States. This legislation would enhance SelectUSA’s role in strengthening private sector investments across the semiconductor manufacturing supply chain.
The Securing Semiconductor Supply Chains Act would also require SelectUSA to engage with state-level economic development organizations to identify strategies and address challenges in attracting foreign direct investment for semiconductor manufacturing. The goal is to develop comprehensive strategies to increase investments in this critical sector.

MIL OSI USA News –

May 28, 2025
MIL-OSI Global: Golden Dome: An aerospace engineer explains the proposed US-wide missile defense system

Source: The Conversation – USA – By Iain Boyd, Director of the Center for National Security Initiatives and Professor of Aerospace Engineering Sciences, University of Colorado Boulder

Posters that President Donald Trump used to announce Golden Dome depict missile defense as a shield. AP Photo/Mark Schiefelbein

President Donald Trump announced a plan to build a missile defense system, called the Golden Dome, on May 20, 2025. The system is intended to protect the United States from ballistic, cruise and hypersonic missiles, and missiles launched from space.

Trump is calling for the current budget to allocate US$25 billion to launch the initiative, which the government projected will cost $175 billion. He said Golden Dome will be fully operational before the end of his term in three years and will provide close to 100% protection.

The Conversation U.S. asked Iain Boyd, an aerospace engineer and director of the Center for National Security Initiatives at the University of Colorado Boulder, about the Golden Dome plan and the feasibility of Trump’s claims. Boyd receives funding for research unrelated to Golden Dome from defense contractor Lockheed Martin.

Why does the United States need a missile shield?

Several countries, including China, Russia, North Korea and Iran, have been developing missiles over the past few years that challenge the United States’ current missile defense systems.

These weapons include updated ballistic missiles and cruise missiles, and new hypersonic missiles. They have been specifically developed to counter America’s highly advanced missile defense systems such as the Patriot and the National Advanced Surface-to-Air Missile System.

For example, the new hypersonic missiles are very high speed, operate in a region of the atmosphere where nothing else flies and are maneuverable. All of these aspects combined create a new challenge that requires a new, updated defensive approach.

Russia has fired hypersonic missiles against Ukraine in the ongoing conflict. China parades its new hypersonic missiles in Tiananmen Square.

So it’s reasonable to think that, to ensure the protection of its homeland and to aid its allies, the U.S. may need a new missile defense capability.

Ukrainian forces are using the U.S.-made Patriot missile defense system against Russian ballistic missiles.

What are the components of a national missile defense system?

Such a defense system requires a global array of geographically distributed sensors that cover all phases of all missile trajectories.

First, it is essential for the system to detect the missile threats as early as possible after launch, so some of the sensors must be located close to regions where adversaries may fire them, such as by China, Russia, North Korea and Iran. Then, it has to track the missiles along their trajectories as they travel hundreds or thousands of miles.

These requirements are met by deploying a variety of sensors on a number of different platforms on the ground, at sea, in the air and in space. Interceptors are placed in locations that protect vital U.S. assets and usually aim to engage threats during the middle portion of the trajectory between launch and the terminal dive.

The U.S. already has a broad array of sensors and interceptors in place around the world and in space primarily to protect the U.S. and its allies from ballistic missiles. The sensors would need to be expanded, including with more space-based sensors, to detect new missiles such as hypersonic missiles. The interceptors would need to be enhanced to enable them to address hypersonic weapons and other missiles and warheads that can maneuver.

Does this technology exist?

Intercepting hypersonic missiles specifically involves several steps.

First, as explained above, a hostile missile must be detected and identified as a threat. Second, the threat must be tracked along all of its trajectory due to the ability of hypersonic missiles to maneuver. Third, an interceptor missile must be able to follow the threat and get close enough to it to disable or destroy it.

The main new challenge here is the ability to track the hypersonic missile continuously. This requires new types of sensors to detect hypersonic vehicles and new sensor platforms that are able to provide a complete picture of the hypersonic trajectory. As described, Golden Dome would use the sensors in a layered approach in which they are installed on a variety of platforms in multiple domains, including ground, sea, air and space.

These various platforms would need to have different types of sensors that are specifically designed to track hypersonic threats in different phases of their flight paths. These defensive systems will also be designed to address weapons fired from space. Much of the infrastructure will be multipurpose and able to defend against a variety of missile types.

In terms of time frame for deployment, it is important to note that Golden Dome will build from the long legacy of existing U.S. missile defense systems. Another important aspect of Golden Dome is that some of the new capabilities have been under active development for years. In some ways, Golden Dome represents the commitment to actually deploy systems for which considerable progress has already been made.

Is near 100% protection a realistic claim?

Israel’s Iron Dome air defense system has been described as the most effective system of its kind anywhere in the world.

But even Iron Dome is not 100% effective, and it has also been overwhelmed on occasion by Hamas and others who fire very large numbers of inexpensive missiles and rockets at it. So it is unlikely that any missile defense system will ever provide 100% protection.

The more important goal here is to achieve deterrence, similar to the stalemate in the Cold War with the Soviet Union that was based on nuclear weapons. All of the new weapons that Golden Dome will defend against are very expensive. The U.S. is trying to change the calculus in an opponent’s thinking to the point where they will consider it not worth shooting their precious high-value missiles at the U.S. when they know there is a high probability of them not reaching their targets.

CBS News covered President Donald Trump’s announcement.

Is three years a feasible time frame?

That seems to me like a very aggressive timeline, but with multiple countries now operating hypersonic missiles, there is a real sense of urgency.

Existing missile defense systems on the ground, at sea and in the air can be expanded to include new, more capable sensors. Satellite systems are beginning to be put in place for the space layer. Sensors have been developed to track the new missile threats.

Putting all of this highly complex system together, however, is likely to take more than three years. At the same time, if the U.S. fully commits to Golden Dome, a significant amount of progress can be made in this time.

What does the president’s funding request tell you?

President Trump is requesting a total budget for all defense spending of about $1 trillion in 2026. So, $25 billion to launch Golden Dome would represent only 2.5% of the total requested defense budget.

Of course, that is still a lot of money, and a lot of other programs will need to be terminated to make it possible. But it is certainly financially achievable.

How will Golden Dome differ from Iron Dome?

Similar to Iron Dome, Golden Dome will consist of sensors and interceptor missiles but will be deployed over a much wider geographical region and for defense against a broader variety of threats in comparison with Iron Dome.

A second-generation Golden Dome system in the future would likely use directed energy weapons such as high-energy lasers and high-power microwaves to destroy missiles. This approach would significantly increase the number of shots that defenders can take against ballistic, cruise and hypersonic missiles.

Iain Boyd receives funding from the U.S. Department of Defense and Lockheed-Martin Corporation, a defense contractor that sells missile defense systems and could potentially benefit from the implementation of Golden Dome.

– ref. Golden Dome: An aerospace engineer explains the proposed US-wide missile defense system – https://theconversation.com/golden-dome-an-aerospace-engineer-explains-the-proposed-us-wide-missile-defense-system-257408

MIL OSI – Global Reports –

May 28, 2025
MIL-OSI USA: Alford Urges Trump Administration to Investigate Potential Ties Between Antisemitic Murderer and Foreign Terrorist Organizations
Source: United States House of Representatives – Representative Mark Alford (Missouri 4th District)

Today, Congressman Mark Alford (MO-04) sent a letter to Secretary of State Marco Rubio, Attorney General Pam Bondi, and Treasury Secretary Scott Bessent. Following the heinous antisemitic murders of two Israeli Embassy employees last week, one of whom was a native of the Kansas City area, Congressman Alford is respectfully urging the Trump Administration to investigate potential ties between the alleged murderer and designated Foreign Terrorist Organizations.

Read the full letter here or below:

“Dar Secretaries Rubio and Bessent, and Attorney General Bondi,

“Today I am writing to you with a heavy heart to address the tragic murders of Sarah Milgrim and Yaron Lischinsky. These two young employees of the Israeli Embassy were murdered as they were leaving the Capital Jewish Museum. They had just attended an event focused on finding humanitarian solutions for Gaza. Milgrim and Lischinsky, aged 26 and 28 respectively, were reportedly in a relationship and set to be engaged next week according to Israeli Ambassador Yechiel Leiter. My heart goes out to both families.

“According to eyewitness reports, the alleged murderer, Elias Rodriguez, held a keffiyeh and shouted, “Free Palestine.” Rodriguez had been a member of the Party of Socialism and Liberation (PSL), a revolutionary socialist party that has been a prominent supporter of Hamas and other antisemitic terror groups. A now removed article in the group’s Liberation paper featured a picture of Rodriguez as well as quotes from him expressing fury at Amazon for the “whitening” of Seattle due to Amazon’s employees. The same article went on to list an “Elias Rodriguez” as one of its activists.

“The Chicago chapter of the PSL held a gala benefiting the Middle Eastern Children’s Alliance (MECA), a California-based nonprofit with reported ties to the Popular Front for the Liberation of Palestine (PFLP). The PFLP is a State Department designated Foreign Terrorist Organization (FTO) and is a Marxist-Leninist group that is the second-largest of the groups forming the Palestinian Liberation Organization (PLO).

“Given these deeply concerning connections, I respectfully urge you to investigate potential foreign funding sources for extremist groups that may incite acts of terrorism on U.S. soil. I am especially alarmed by individuals and organizations operating domestically that maintain ties to designated Foreign Terrorist Organizations and promote antisemitic ideologies.

“I respectfully request your responses to the following questions:
1. Are there any financial ties between the Party of Socialism and Liberation and Foreign Terrorist Organizations?
2. What steps have the State and Treasury Departments taken to monitor foreign funding, especially by FTOs, of individuals or groups organizing anti-Israel and antisemitic events in the United States?
3. What procedures are in place between the State Department and the Department of Justice to monitor non-citizens within the United States who express support for Foreign Terrorist Organizations?
“Tragedies like this must not be allowed to happen. I trust you will treat this matter with the seriousness it demands and look forward to your response.”

###

MIL OSI USA News –
May 28, 2025

Category: United States of America

Chairwoman McClain’s Statement on the Release of American Hostage

Why does the United States need a missile shield?

What are the components of a national missile defense system?

Does this technology exist?

Is near 100% protection a realistic claim?

Is three years a feasible time frame?

What does the president’s funding request tell you?

How will Golden Dome differ from Iron Dome?