NewzIntel.com

Category: Politics

  • MIL-OSI: QuantaSing Announces Further Investments into Letsvan

    Source: GlobeNewswire (MIL-OSI)

    BEIJING, July 31, 2025 (GLOBE NEWSWIRE) — QuantaSing Group Limited (NASDAQ: QSG) (“QuantaSing” or the “Company”), a leading lifestyle solution provider empowering adults to live better and longer, today announced that it will undertake further steps to acquire all of the remaining equity interests in Shenzhen Yiqi Culture Co., Ltd. (深圳市熠起文化有限公司) (“Letsvan”) from the other investors with a combination of cash and stock consideration (the “Transactions”).

    Through a series of previous transactions from December 2024 to March 31, 2025, the Company invested in Letsvan, a PRC-based company primarily engaged in IP incubation and discovery, IP operation, copyright commercialization, and the promotion and sales of pop toys and other cultural products for global artists. By March 31, 2025, the Company had obtained control over and was able to consolidate the results of Letsvan into the Company’s consolidated financial statements. Upon the consummation of the Transactions, Letsvan will become a wholly-owned subsidiary of the Company.

    In furtherance of the Transactions and by way of private placement, the Company will issue an aggregate of 18,219,330 Class A ordinary shares of the Company to Mr. Huiyu Zhan (Zack) (“Mr. Zhan”), the founder and chief executive officer and a director of Letsvan, as consideration for his remaining interests in Letsvan. The share issuance will take place in three installments and be subject to certain restrictions and limitations, including respective vesting schedules and lock-up requirements. To promote the development and integration of Letsvan as part of the Company’s strategies in the consumer sector, the Company also intends to appoint Mr. Zhan as a member of its board of directors, effective upon August 1, 2025. Mr. Zhan is a seasoned entrepreneur with profound experience in the consumer sector. Prior to founding Letsvan in 2020, he had been engaged in continuous entrepreneurship in the cultural gifts and pop toys sectors. He had also served at Walmart (Shenzhen), Hong Kong Weiya Group, and CITIC Health, among others, with extensive experience in sales and management.

    The Company believes that the Transactions will further integrate the resources of both the Company and Letsvan, seamlessly aligning their business opportunities to create a more powerful synergy and reinforcing its competitive advantages in the pop toy segment and strategic positioning in the consumer sectors, and also enhance the platform capabilities of the Company.

    Safe Harbor Statements

    This announcement contains forward-looking statements within the meaning of Section 27A of Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1955. All statements other than statements of historical or current fact included in this press release are forward-looking statements, including but not limited to statements regarding QuantaSing’s financial outlook, beliefs and expectations. These statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “potential,” “continue,” “ongoing,” “targets,” “guidance” and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases, and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; its future business development, results of operations and financial condition; its ability to attract and retain new users and learners and to increase the spending and revenues generated from users and learners; its ability to maintain and enhance the recognition and reputation of its brand; its expectations regarding demand for and market acceptance of its services and products; the expected growth, trends and competition in the markets that the Company operates in; changes in its revenues and certain cost or expense items; PRC governmental policies and regulations relating to the Company’s business and industry, general economic and political conditions in China and globally, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties, or factors is included in the Company’s filings with the SEC, including, without limitation, the final prospectus related to the IPO filed with the SEC dated January 24, 2023. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.

    About QuantaSing Group Limited

    QuantaSing is a leading lifestyle solution provider that offers engaging, affordable and accessible online and offline services, as well as consumer products in selected areas that address senior users’ wellness aspirations. QuantaSing has expanded into the pop toys sector and continues to strategically diversify its portfolio by capturing opportunities in promising consumer sectors while maintaining financial discipline. For more information, please visit: https://ir.quantasing.com.

    Contact

    Investor Relations
    Leah Guo
    QuantaSing Group Limited
    Email: ir@quantasing.com
    Tel: +86 (10) 6493-7857

    Robin Yang, Partner
    ICR, LLC
    Email: QuantaSing.IR@icrinc.com
    Phone: +1 (212) 537-0429

    The MIL Network –

  • MIL-OSI: Codere Online Reports Financial Results for the Second Quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    • Total revenue was €51.4 mm in Q2 2025, while net gaming revenue1 was €54.8 mm in the period, 1% above Q2 2024 (12% in constant currency terms).
    • Mexico revenue was €26.3 mm in Q2 2025, while net gaming revenue was €29.0 mm in the period, 3% above Q2 2024 (23% in constant currency terms).
    • Net loss was €3.1 mm in H1 2025 versus a net loss of €0.2 mm in H1 2024 primarily due to the impact from exchange rates (€3.0 mm loss in H1 2025 versus €4.8 mm gain in H1 2024).
    • Total cash position of €45.2 mm as of June 30, 2025.
    • Reiterating 2025 net gaming revenue outlook of €220-230 million and Adj. EBITDA2 outlook of €10-15 million.
    • Repurchased $0.7 million of the Company’s shares under the Company’s $5.0 million share buyback plan through July 30, 2025.

    Madrid, Spain and Tel Aviv, Israel, July 31, 2025 – (GLOBE NEWSWIRE) Codere Online (Nasdaq: CDRO / CDROW, the “Company”), a leading online gaming operator in Spain and Latin America, has released its preliminary unaudited3 financial results for the quarter ended June 30, 2025.

    Below are the main financial and operating metrics of the period.

      Quarter ended June 30   Six months ended June 30
      2024 2025 Chg. %   2024 2025 Chg. %
                   
    Net Gaming Revenue (EUR mm)1              
    Spain 21.8 22.1 1%   44.1 44.0 (0%)
    Mexico 28.2 29.0 3%   54.8 59.5 9%
    Other 4.4 3.7 (16%)   8.5 8.2 (4%)
    Total 54.4 54.8 1%   107.4 111.8 4%
                   
    Avg. Monthly Active Players (000s)4              
    Spain 51.5 49.7 (3%)   50.8 50.9 0%
    Mexico 62.3 84.6 36%   62.4 83.3 33%
    Other 31.8 20.8 (35%)   31.2 24.0 (23%)
    Total 145.6 155.1 7%   144.4 158.2 10%

    Aviv Sher, CEO of Codere Online, stated, “Our net gaming revenue reached €54.8 million in the second quarter of 2025, slightly above the prior year period despite the headwinds we faced across most of our markets. In Mexico, we were successful in growing net gaming revenue despite the 19% devaluation of the Mexican peso and grew our portfolio of active customers in the country by an impressive 36% versus Q2 2024.”

    Oscar Iglesias, CFO of Codere Online, commented, “We continue to see strong underlying trends in Mexico, where our net gaming revenue grew by 23% in local currency. With the first half of the year now behind us, and notwithstanding that a number of challenges still remain, we continue to expect to meet our net gaming revenue outlook of €220-230 million and Adj. EBITDA outlook of €10-15 million that we shared earlier this year.”

    Recent Events

    Compliance with Nasdaq Listing Requirements

    • On June 2nd the Company filed its 2024 annual report and on June 6th, Nasdaq informed the Company that it had regained compliance with applicable listing requirements.
    • As a result, the Company’s securities will continue to be listed and traded on the Nasdaq Capital Market and are no longer subject to a delisting process.

    Repurchases under the Share Buyback Plan

    • The Company has repurchased $0.7 million of the Company’s shares at an average price of $6.89 per share under its $5.0 million authorized share buyback plan through July 30, 2025.
    • The plan (as approved by shareholders) authorizes the Company to repurchase up to 1 million of its ordinary shares and expires on March 3, 2026.

    Conference Call Information

    Codere Online’s management will host a conference call to discuss the results and provide a business update at 8:30 am US Eastern Time today, July 31, 2025. Dial-in details as well as the audio webcast and presentation will be accessible on Codere Online’s website at www.codereonline.com. A recording of the webcast will also be available following the conference call.

    Reconciliation of Revenue (IFRS) to Net Gaming Revenue (non-IFRS)

      Quarter ended June 30   Six months ended June 30
    Figures in EUR mm 2024 2025 Chg. %   2024 2025 Chg. %
                   
    Total              
                   
    Revenue 51.7 51.4 (1%)   102.1 105.7    4%
    (+) Accounting Adjustments5 2.7 3.5 30%   5.3 6.1    15%
    Net Gaming Revenue 54.4 54.8 1%   107.4 111.8 4%
                   
    Spain              
                   
    Revenue 21.8 22.1 1%   44.1 44.0 (0%)
    (+) Accounting Adjustments5 – – n.m.   – – n.m.
    Net Gaming Revenue 21.8 22.1 1%   44.1 44.0 (0%)
                   
    Mexico              
                   
    Revenue 25.3 26.3 4%   49.2 53.9 10%
    (+) Accounting Adjustments5 2.9 2.7 (7%)   5.6 5.6 –
    Net Gaming Revenue 28.2 29.0 3%   54.8 59.5 9%
                   
    Other              
                   
    Revenue 4.5 3.0 (33%)   8.8 7.8 (11%)
    (+) Accounting Adjustments5 (0.1) 0.7 n.m.   (0.3) 0.4 n.m.
    Net Gaming Revenue 4.4 3.7 (16%)   8.5 8.2 (4%)

    Reconciliation of Net Income (IFRS) to Adj. EBITDA (non-IFRS)5

      Quarter ended June 30   Six months ended June 30
    Figures in EUR mm 2024 2025 Chg.   2024 2025 Chg.
                   
    Net Income (Loss) (3.7) (2.4) 1.2   (0.2) (3.1) (2.8)
    (+/-) Provision for Corporate Income Tax 0.4 1.1 0.6   0.9 1.3 0.3
    (+/-) Interest Expense / (Income) (0.0) 1.9 2.0   (4.8) 3.0 7.8
    (+/-) Var. in Fair Value of Public Warrants 3.9 1.3 (2.5)   5.8 1.9 (3.9)
    (+) D&A 0.1 0.2 0.1   0.1 0.3 0.2
    EBITDA 0.7 2.1 1.4   1.7 3.4 1.7
    (+) Employee LTIP Expense 0.6 (0.9) (1.4)   1.1 (0.4) (1.5)
    (+/-) Other Accounting Adjustments 0.0 0.0 (0.0)   0.2 0.1 (0.1)
    Adj. EBITDA (Pre Non-Recurring Items) 1.3 1.3 (0.0)   3.0 3.1 0.0
    (+) Non-Recurring Items 0.0 1.1 1.1   0.0 1.1 1.1
    Adj. EBITDA 1.3 2.3 1.1   3.0 4.1 1.1

    About Codere Online 

    Codere Online refers, collectively, to Codere Online Luxembourg, S.A. and its subsidiaries. Codere Online, launched in 2014 as part of the renowned casino operator Codere Group, offers online sports betting and online casino through its state-of-the art website and mobile applications. Codere Online currently operates in its core markets of Spain, Mexico, Colombia, Panama and Argentina; this online business is complemented by Codere Group’s physical presence in Spain and throughout Latin America, forming the foundation of the leading omnichannel gaming and casino presence.

    About Codere Group
    Codere Group is a multinational group devoted to entertainment and leisure. It is a leading player in the private gaming industry, with four decades of experience and with presence in seven countries in Europe (Spain and Italy) and Latin America (Argentina, Colombia, Mexico, Panama, and Uruguay).

    Note on Rounding. Due to decimal rounding, numbers presented throughout this report may not add up precisely to the totals and subtotals provided, and percentages may not precisely reflect the absolute figures.

    Forward-Looking Statements
    Certain statements in this document may constitute “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding Codere Online Luxembourg, S.A. and its subsidiaries (collectively, “Codere Online”) or Codere Online’s or its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this document may include, for example, statements about Codere Online’s financial performance and, in particular, the potential evolution and distribution of its net gaming revenue; any prospective and illustrative financial information; and changes in Codere Online’s strategy, future operations and target addressable market, financial position, estimated revenues and losses, projected costs, prospects and plans.

    These forward-looking statements are based on information available as of the date of this document and current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing Codere Online’s or its management team’s views as of any subsequent date, and Codere Online does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

    As a result of a number of known and unknown risks and uncertainties, Codere Online’s actual results or performance may be materially different from those expressed or implied by these forward-looking statements. There may be additional risks that Codere Online does not presently know or that Codere Online currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Some factors that could cause actual results to differ include (i) changes in applicable laws or regulations, including online gaming, privacy, data use and data protection rules and regulations as well as consumers’ heightened expectations regarding proper safeguarding of their personal information, (ii) the impacts and ongoing uncertainties created by regulatory restrictions, changes in perceptions of the gaming industry, changes in policies and increased competition, and geopolitical events such as war, (iii) the ability to implement business plans, forecasts, and other expectations and identify and realize additional opportunities, (iv) the risk of downturns and the possibility of rapid change in the highly competitive industry in which Codere Online operates, (v) the risk that Codere Online and its current and future collaborators are unable to successfully develop and commercialize Codere Online’s services, or experience significant delays in doing so, (vi) the risk that Codere Online may never achieve or sustain profitability, (vii) the risk that Codere Online will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all, (viii) the risk that Codere Online experiences difficulties in managing its growth and expanding operations, (ix) the risk that third-party providers, including the Codere Group, are not able to fully and timely meet their obligations, (x) the risk that the online gaming operations will not provide the expected benefits due to, among other things, the inability to obtain or maintain online gaming licenses in the anticipated time frame or at all, (xi) the risk that Codere Online is unable to secure or protect its intellectual property, (xii) the risk that Codere Online’s securities may be delisted from Nasdaq and (xiii) the possibility that Codere Online may be adversely affected by other political, economic, business, and/or competitive factors. Additional information concerning certain of these and other risk factors is contained in Codere Online’s filings with the U.S. Securities and Exchange Commission (the “SEC”). All subsequent written and oral forward-looking statements concerning Codere Online or other matters and attributable to Codere Online or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above.

    Financial Information and Non-GAAP Financial Measures
    Codere Online’s financial statements are prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS”), which can differ in certain significant respects from generally accepted accounting principles in the United States of America (“U.S. GAAP”).

    This document includes certain financial measures not presented in accordance with U.S. GAAP or IFRS (“non-GAAP”), such as, without limitation, net gaming revenue, Adjusted EBITDA and constant currency information. These non-GAAP financial measures are not measures of financial performance in accordance with U.S. GAAP or IFRS and may exclude items that are significant in understanding and assessing Codere Online’s financial results. Therefore, these measures should not be considered in isolation or as an alternative to revenue, net income, cash flows from operations or other measures of profitability, liquidity or performance under U.S. GAAP or IFRS. You should be aware that Codere Online’s presentation of these measures may not be comparable to similarly-titled measures used by other companies. In addition, the audit of Codere Online’s financial statements in accordance with PCAOB standards, may impact how Codere Online currently calculates its non-GAAP financial measures, and we cannot assure you that there would not be differences, and such differences could be material.

    Codere Online believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends in comparing Codere Online’s financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. These non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures. Reconciliations of non-GAAP financial measures to their most directly comparable measure under IFRS are included herein.

    This document may include certain projections of non-GAAP financial measures. Codere Online is unable to quantify certain amounts that would be required to be included in the most directly comparable U.S. GAAP or IFRS financial measures without unreasonable effort, due to the inherent difficulty and variability of accurately forecasting the occurrence and financial impact of the various adjusting items necessary for such comparable measures or such reconciliation that have not yet occurred, are out of our control, or cannot be reasonably predicted, ascertained or assessed, which could have a material impact on its future IFRS financial results. Consequently, no disclosure of estimated comparable U.S. GAAP or IFRS measures is included and no reconciliation of the forward-looking non-GAAP financial measures is included.

    Use of Projections
    This document contains financial forecasts with respect to Codere Online’s business and projected financial results, including net gaming revenue and adjusted EBITDA. Codere Online’s independent auditors have not audited, reviewed, compiled or performed any procedures with respect to the projections for the purpose of their inclusion in this document, and accordingly, they did not express an opinion or provide any other form of assurance with respect thereto for the purpose of this document. These projections should not be relied upon as being necessarily indicative of future results. The assumptions and estimates underlying the prospective financial information are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the prospective financial information. See “Forward-Looking Statements” above. Accordingly, there can be no assurance that the prospective results are indicative of the future performance of Codere Online or that actual results will not differ materially from those presented in the prospective financial information. Inclusion of the prospective financial information in this document should not be regarded as a representation by any person that the results contained in the prospective financial information will be achieved.

    For further information on the limitations and assumptions underlying these projections, please refer to Codere Online’s filings with the SEC.

    Preliminary Information
    This document contains figures, financial metrics, statistics and other information that is preliminary and subject to change (the “Preliminary Information”). The Preliminary Information has not been audited, reviewed, or compiled by any independent registered public accounting firm. This Preliminary Information is subject to ongoing review including, where applicable, by Codere Online’s independent auditors. Accordingly, no independent registered public accounting firm has expressed an opinion or any other form of assurance with respect to the Preliminary Information. During the course of finalizing such Preliminary Information, adjustments to such Preliminary Information presented herein may be identified, which may be material. Codere Online undertakes no obligation to update or revise the Preliminary Information set forth in this document as a result of new information, future events or otherwise, except as otherwise required by law. The Preliminary Information may differ from actual results. Therefore, you should not place undue reliance upon this Preliminary Information. The Preliminary Information is not a comprehensive statement of financial results, and should not be viewed as a substitute for full financial statements prepared in accordance with IFRS. In addition, the Preliminary Information is not necessarily indicative of the results to be achieved in any future period.

    No Offer or Solicitation
    This document does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.

    Trademarks
    This document may contain trademarks, service marks, trade names and copyrights of Codere Online or other companies, which are the property of their respective owners. Solely for convenience, some of the trademarks, service marks, trade names and copyrights referred to in this document may be listed without the TM, SM, © or ® symbols, but Codere Online will assert, to the fullest extent under applicable law, the rights of the applicable owners, if any, to these trademarks, service marks, trade names and copyrights.

    Industry and Market Data
    In this document, Codere Online relies on and refers to certain information and statistics obtained from publicly available information and third-party sources, which it believes to be reliable. Codere Online has not independently verified the accuracy or completeness of any such publicly-available and third-party information, does not make any representation as to the accuracy or completeness of such data and does not undertake any obligation to update such data after the date of this document. You are cautioned not to give undue weight to such industry and market data.

    Contacts:

    Investors and Media
    Guillermo Lancha
    Director, Investor Relations and Communications
    Guillermo.Lancha@codereonline.com
    (+34) 628.928.152

    1 Net Gaming Revenue is a non-IFRS measure; please see reconciliation of Net Gaming Revenue to Revenue at the end of the report.

    2 Adjusted EBITDA is a non-IFRS measure; please see reconciliation of Adjusted EBITDA to Net Income at the end of the report. Net gaming revenue and Adjusted EBITDA outlooks are forward-looking non-IFRS measures; please see important disclaimers at the end of the report.
    3 See “Preliminary Information” below.        

    4 Average Monthly Active Players include real money (i.e. exclude free bets) sports betting and casino actives.

    5 Figures primarily reflect differences in recognition of revenue related to certain partner and affiliate agreements in place in Colombia, VAT impact from entry fees in Mexico and the impact from the application of inflation accounting (IAS 29) in Argentina.
    5 Please refer to page 26 of our Q2 2025 Earnings Presentation for further details regarding this reconciliation.

    The MIL Network –

  • MIL-OSI: Gilat to Present at the 28th Annual Oppenheimer Technology, Internet & Communications Virtual Conference on Monday, August 11

    Source: GlobeNewswire (MIL-OSI)

    PETAH TIKVA, Israel, July 31, 2025 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, today announced it will be presenting at the 28th Annual Oppenheimer Technology, Internet & Communications Virtual Conference on Monday, August 11, 2025.

    Mr. Adi Sfadia, the Company’s CEO, will be available for one-on-one meetings with investors on August 11 and 12. The company will give a presentation to conference participants on August 11, 2025, at 9:55 am Eastern Time.  

    To schedule a meeting with Mr. Sfadia, please contact an Oppenheimer representative or email a request to the Gilat investor relations team at GilatIR@allianceadvisors.com.

    About Gilat

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

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

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

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

    Contact:
    Gilat Satellite Networks
    Hagay Katz, Chief Products and Marketing Officer
    hagayk@gilat.com

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

    The MIL Network –

  • MIL-OSI Africa: Outreach brings government services closer to communities 

    Source: Government of South Africa

    A provincial outreach aimed at bringing essential government services to communities and fostering principles of transparency, accountability, and inclusive development was recently held in KwaZulu-Natal.

    Premier Thamsanqa Ntuli together with Members of the Provincial Executive Council (MECs) led the community outreach in Mthonjaneni Local Municipality, as part of the ongoing Operation Sukuma Sakhe (stand up and build) Cabinet Day.

    The flagship initiative is a cornerstone of the provincial government’s people-centred service delivery strategy.

    The day-long programme on Wednesday saw provincial departments and government entities delivering a range of crucial services to residents, including assistance with identity documents, healthcare screenings, social grant applications, agricultural support, and youth development initiatives.

    “Operation Sukuma Sakhe is about ensuring that government is present where the people are. It is about addressing challenges together and accelerating service delivery so that no community is left behind,” Ntuli said.

    The outreach culminated in a community engagement session where residents had an opportunity to raise concerns and shared feedback directly with the Premier, MECs, and senior officials.

    Inadequate road infrastructure, limited access to healthcare, water and sanitation, and the need for increased economic opportunities were among the key issues raised at the session.

    In response, the Premier and the provincial leadership made commitments that the concerns raised will be addressed. 
    “These dialogues are a vital reminder of why we serve. Listening to the voices of the people helps us to deliver better, and it keeps us accountable as leaders,” the Premier said.

    In a special tribute to the district’s elderly, the Premier and Cabinet members also honoured local centenarians from the King Cetshwayo District with certificates and gifts, acknowledging their invaluable contributions to family and society.

    “Our centenarians are living testaments of resilience, wisdom, and community spirit. They deserve to be honoured for the lives they have built and the families and communities they continue to inspire,” the Premier said.

    Operation Sukuma Sakhe continues to strengthen the partnership between government and communities, ensuring that service delivery is not only improved but also guided by the needs and aspirations of the people.

    The visit to Mthonjaneni reaffirmed the provincial government’s commitment to responsive governance, inclusive development, and the dignity of all its people. –  SAnews.gov.za
     

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Membership of Fundamental Review of Building Regulations Guidance

    Source: United Kingdom – Executive Government & Departments

    News story

    Membership of Fundamental Review of Building Regulations Guidance

    The government has appointed six members to the Fundamental Review of Building Regulations Guidance panel today.

    Today (31 July), the government has announced the appointment of six members to the Fundamental Review of Building Regulations Guidance panel.  

    The panel is being appointed to support work to deliver on the recommendation from the Grenfell Tower Public Inquiry Phase 2 report, accepted by the government, to review the statutory guidance which accompany the Building Regulations known as Approved Documents.

    In December 2024, we announced that the Building Safety Regulator would be leading a fundamental review of the building regulations guidance, to centre on how they are produced, structured and presented. The Fundamental Review of Building Regulations Guidance panel members will support and inform the review and the members each come with extensive experience across a range of sectors. 

    The panel will provide an interim update in early 2026 and a final report in Summer 2026.

    Minister for Building Safety, Alex Norris said:

    “The appointment of this panel is an important step in our response to the Grenfell Tower Inquiry. Guidance which supports compliance with Building Regulations must be clear, accurate, and practical, and subject to regular updates to ensure it remains effective.  

    “The work of the panel will support our delivery of 1.5 million new homes, by making compliance easier, improving safety and quality in construction, and ensuring greater confidence in the building safety system. I look forward to receiving the panel’s recommendations.”

    Background on the Approved Documents and Building Regulations system

    • The Building Regulations set the minimum required standards for building work, referred to as the ‘functional requirements’.  
    • The Approved Documents contain general guidance on the performance expected of materials and building work, including practical examples of how to achieve compliance in common building situations. 
    • The Grenfell Tower Inquiry raised concerns about the way that the statutory guidance is expressed. In April 2023, the responsibility for updating and keeping Approved Documents under review was transferred to the Building Safety Regulator (BSR), in line with their duty under the Building Safety Act 2022 to keep under review the safety and standards of buildings.  
    • In December 2024, the BSR was commissioned by the government to conduct a fundamental review of the statutory guidance, and the new panel has been appointed to inform this work.

    Further information

    The establishment of the panel was announced on 31 July 2025.

    The Grenfell Tower Phase 2 Inquiry recommended that the statutory guidance be urgently reviewed. On 2 December 2024 the Deputy Prime Minister announced a fundamental review of the statutory guidance to the Building Regulations. This panel will inform that review.   The panel’s role is advisory.  The aim is to produce an interim report in early 2026 and a final report by Summer 2026.   

    Further updates, including the panel’s Terms of Reference, will be published shortly.

    Panel members

    Dinah Bornat, Architect 

    Dinah is a renowned advocate for people-centred development. She is the Director & Co-founder of ZCD, a research-led practice based in London who work on residential, community and commercial projects. She has served as a design advocate for the Mayor of London and an adviser to local authorities and developers. 

    Dan Rossiter, Digital Expert

    Dan is the Built Environment Sector Lead at the British Standards Institute, and Vice-President Technical at the Chartered Institute of Architectural Technologists. He has previously provided his expertise to several national committees relating to information management and technical documentation in the built environment. 

    Danielle Michalska-Morris, Housebuilder 

    Danielle is the Director of Research and Technical Innovation at Taylor Wimpey. She brings to the panel her expert knowledge and experience in low carbon building design and building services.

    Rachel Ferguson, Planner 

    Rachel is Senior Development Manager at Pocket Living. She has extensive expertise in affordable housing, and brings her broad experience in planning including strategic masterplans, estate regeneration projects and new build residentials to this panel. 

    Professor Luke Bisby, Technical Expert

    Luke is the Chair of Fire and Structures and Director of Discipline at the University of Edinburgh. He served as an expert witness to the Grenfell Tower Inquiry, and will bring particular expertise on fire safety to this panel. 

    Dr Hywel Davies, Technical Expert    

    Hywel is the former technical Director for the Chartered Institution of Building Services Engineers (CIBSE). He served as the previous chair of DLUHC’s statutory committee, and the Building Regulations Advisory Committee. He brings to this panel his broad expertise on a range of technical areas.

    Updates to this page

    Published 31 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Counter-drone efforts rise as prison sightings revealed

    Source: United Kingdom – Executive Government & Departments

    Press release

    Counter-drone efforts rise as prison sightings revealed

    Organised crime gangs are being targeted by the police and prison service as part of a nationwide crackdown on drone drops into prisons.

    • Prison Service working with police to tackle threat of drones as part of Plan for Change
    • Drone incidents up by 43 per cent in the last financial year, new data reveals
    • Two recent counter-drone operations result in nine arrests

    The move is backed by a new investment of £900,000 and designed to disrupt the in-flow of drugs and weapons that are destabilising prisons and putting staff and offenders at risk. 

    It builds on the £40 million already invested this year into prison security measures, including exterior netting and reinforced windows. Stopping the flow of drugs and weapons getting into prisons is a crucial step in gripping the prisons crisis the Government inherited to make streets safer, as part of the Plan for Change. 

    The news comes as data published today (31 July) reveals there were 1,712 drone incidents between April 2024 and March 2025 at prisons across England and Wales. This is an increase of 43 per cent compared to the previous 12 months.

    The clampdown has already seen counter-drone operations at HMPs Manchester and Wandsworth leading to the swift arrest of nine individuals. Similar operations are planned in the coming months.

    Minister for Prisons, Probation and Reducing Reoffending, Lord Timpson, said: 

    The ease with which drones were operating over prisons was yet another sign of the chaotic prison system we inherited last July.

    As part of the Plan for Change, we are tackling the organised crime gangs behind the drug supply routes so that our prisons can start cutting crime and stop creating better criminals.

    One of the sophisticated drones recovered in the HMP Wandsworth operation had a value of £6,000, an extended flight time of 40 minutes and the ability to hold four loads at one time. 

    Four further arrests were made by West Mercia Police earlier this month for flying drones over high-security prison HMP Long Lartin. 

    Detective Superintendent of the North West Regional Organised Crime Unit, Claire McGuire said: 

    Tackling the use of drones to smuggle drugs, weapons, and other illicit items into prisons is one of our top priorities. These activities fuel organised crime and pose serious risks to both staff and inmates. 

    We continue to work closely with national partners including His Majesty’s Prisons and Probation Service, the National Crime Agency, local police forces, and intelligence teams to disrupt this criminal behaviour and prevent contraband from entering prison estates. By sharing intelligence and coordinating operations, we are strengthening our collective response to this growing threat. 

    The latest Safety in Custody statistics, also published today, highlight the alarming levels of violence across the prison estate, with 20,570 prisoner-on-prisoner assaults and 10,568 assaults on staff in the 12 months to March 2025. Reducing the availability of contraband in prisons plays a key role in reducing violence across the estate.

    Earlier this week, a trial into the use of tasers began across adult male prisons in England and Wales – the first time their use is being trialled in the prison estate. The Lord Chancellor, Shabana Mahmood, has also announced the rollout of protective body armour for those staff working in prison settings holding the most dangerous offenders.  

    Further information: 

    • Drone incidents data is available in the HMPPS Annual Digest
    • Latest Safety in Custody statistics are available here

    Updates to this page

    Published 31 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Task Group on New Medical School conducts overall evaluation of proposals (with photo)

    Source: Hong Kong Government special administrative region

    Task Group on New Medical School conducts overall evaluation of proposals (with photo) 
         Between May and June this year, the Task Group held two meetings with the three universities that submitted proposals, namely Hong Kong Baptist University, the Hong Kong Polytechnic University and the Hong Kong University of Science and Technology, to have in-depth discussions and gain a better understanding of their submissions. Subsequently, the expert advisors conducted a comprehensive review of the proposals in their respective areas of expertise and provided advice from various perspectives (including innovative strategic positioning, curriculum structure and assessment methodologies, and financial sustainability) in accordance with the 10 key parameters set.
     
         At today’s meeting, the expert advisors conducted an overall assessment of the proposals, and initiated the next phase of follow-up work to conduct a thorough study of the funding arrangements and financial sustainability of the proposals. A final recommendation on the establishment of the new medical school is expected to be provided to the Government later this year.
     
         Professor Lo said, “Since its establishment, the Task Group has taken forward the evaluation exercise at full speed in a rigorous, impartial and professional manner. The meeting today marks a key milestone in the evaluation process, as the Task Group has largely reached a consensus on the evaluation of the proposals. We will consolidate the views of all Task Group members and submit our recommendation to the Chief Executive as soon as possible. The Government will thoroughly consider the Task Group’s report and announce the results in due course. I look forward to working with the Task Group in entering the next phase of preparing for the establishment of the new medical school.”
     
         Professor Lo emphasised, “The establishment of the third medical school is of paramount importance to the long-term development of the healthcare system in Hong Kong. The key to long-term development lies in reform and innovation. The new medical school will not only increase the number of locally trained doctors, but will also introduce healthy competition and complementary development with the two existing medical schools, hence creating synergy, raising the standard and capacity of local healthcare services, scientific research and medical education in the long run, thereby achieving the strategic goal of developing Hong Kong into an international health and medical innovation hub.”
     
         Dr Choi said, “I sincerely thank the expert advisors and members of the Task Group for their efforts over the past months and their valuable professional input throughout the evaluation process. The establishment of a new medical school will inject impetus into Hong Kong’s higher education sector. We hope the selected university will leverage the strategic advantage of being located in the Northern Metropolis University Town to foster curriculum innovation, interdisciplinary collaboration, and the nurturing of healthcare professionals equipped with global vision and innovative capability. This initiative responds to the national strategy of building the nation into a leading country in education and will further promote regional collaboration and the integration of innovation. We are confident that the new medical school will open a new chapter for higher education and medical development in Hong Kong.”
     
         The Chief Executive announced in the 2024 Policy Address that the Government supports the establishment of the third medical school by a local university to nurture more outstanding medical practitioners to support the local healthcare system in providing quality services, while at the same time promoting the development of Hong Kong into an international medical training, research and innovation hub. To take forward the relevant work, the Task Group was established in October 2024, comprising seasoned local, Mainland and overseas academics in medical education and university management, professionals, representatives from the Medical Council of Hong Kong and the Hong Kong Academy of Medicine, as well as representatives from the relevant government bureaux and departments.
    Issued at HKT 19:12

    NNNN

    MIL OSI Asia Pacific News –

  • Cabinet approves ₹11,169-crore rail multitracking projects across six states

    Source: Government of India

    Source: Government of India (4)

    The Cabinet Committee on Economic Affairs on Thursday approved four key railway multitracking projects worth approximately ₹11,169 crore. These projects, spanning six states and 13 districts, are expected to expand Indian Railways’ network by 574 kilometres and are scheduled for completion by 2028-29.

    The projects span 13 districts across Maharashtra, Madhya Pradesh, West Bengal, Bihar, Odisha, and Jharkhand, and will add around 574 kilometres to the existing railway network. The approved corridors include the fourth line between Itarsi and Nagpur, doubling of the Aurangabad (Chhatrapati Sambhajinagar)-Parbhani section, and the third and fourth lines on the Aluabari Road-New Jalpaiguri and Dangoaposi-Jaroli routes.

    These multitracking works are aligned with the government’s PM Gati Shakti National Master Plan, focusing on multi-modal connectivity through integrated planning and stakeholder consultations. The enhanced line capacity is expected to alleviate congestion, increase operational efficiency, and provide more reliable services for both freight and passenger trains.

    The proposed upgrades will benefit approximately 2,309 villages with a population of about 43.6 lakh and generate an estimated 2.29 crore person-days of direct employment during the construction phase.

    The corridors identified are vital freight routes for commodities such as coal, cement, clinker, gypsum, fly ash, containers, agricultural produce, and petroleum products. The capacity augmentation is projected to handle an additional 95.91 million tonnes per annum (MTPA) of freight traffic.

    Beyond economic and logistical benefits, the projects are aligned with India’s climate goals. The railways’ increased capacity is estimated to reduce oil imports by 16 crore litres annually and lower carbon dioxide emissions by 515 crore kilograms – equivalent to planting around 20 crore trees.

  • Cabinet approves ₹2,000 crore grant to NCDC to boost cooperative sector

    Source: Government of India

    Source: Government of India (4)

    In a move aimed at strengthening India’s cooperative sector, the Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved a Central Sector Scheme titled “Grant in Aid to National Cooperative Development Corporation (NCDC)” with a total outlay of ₹2,000 crore. The scheme will be implemented over a four-year period from 2025-26 to 2028-29, with an annual budgetary allocation of ₹500 crore.

    The approved grant will enable NCDC to raise ₹20,000 crore from the open market over the next four years. These funds will be utilized to provide loans to cooperatives for setting up new projects, expanding existing operations, upgrading technology, and meeting their working capital needs.

    According to the government, the initiative is expected to benefit approximately 2.9 crore members across 13,288 cooperative societies spanning various sectors, including dairy, livestock, fisheries, sugar, textiles, food processing, storage, cold storage, labour cooperatives, and women-led cooperatives.

    Implementation Strategy

    NCDC will serve as the nodal agency for the scheme. It will be responsible for the disbursement of loans, project monitoring, and recovery of funds. Loans will be extended either directly to eligible cooperatives or routed through respective state governments, as per NCDC’s funding guidelines. Direct funding will be allowed against admissible security or with a state government guarantee.

    The scheme aims to provide both long-term credit for infrastructure development and short-term loans for working capital, helping cooperatives run their businesses more efficiently and profitably.

    Economic and Employment Impact

    The Cabinet noted that the infusion of funds will facilitate the creation of income-generating assets and enhance liquidity in the cooperative sector. This, in turn, is expected to increase productivity, profitability, and job creation, especially in rural areas. The move is seen as a catalyst for socio-economic empowerment, particularly for women and marginalized communities.

    Furthermore, infrastructure development backed by these loans is likely to generate employment opportunities across various skill levels, thus contributing to India’s inclusive growth agenda.

    A Strategic Boost to Rural Economy

    India’s cooperative movement contributes significantly to the Indian economy, particularly by driving socio-economic advancement, strengthening rural infrastructure and generating employment in the rural sector. Spanning credit and banking, fertiliser distribution, sugar production, dairy, agricultural marketing, consumer retail, handlooms, handicrafts, fisheries, housing and more, cooperatives in India have their outreach across many production areas. Today, the country hosts more than 8.25 lakh registered cooperatives, enrolling over 29 crore members; remarkably, about 94 per cent of all farmers are linked to cooperatives in some form or the other.

    By offering targeted financial support, especially to under-resourced segments like dairy, poultry, fisheries, and women-led cooperatives, the scheme aims to enhance the sector’s capacity for modernization, diversification, and economic resilience.

  • MIL-OSI Africa: Op-Ed: Financing Energy Access in Africa: Leveraging Fossil Fuel Revenues to End Energy Poverty (By NJ Ayuk)

    Source: APO – Report:

    NJ Ayuk, Executive Chairman of the African Energy Chamber (https://EnergyChamber.org)

    In an emissions-focused world, do oil and gas revenues have a role to play in ending energy poverty in Africa? It may sound counterintuitive, but many would argue that they do, albeit as enablers of a future powered by alternative energy sources.

    The key lies in recognizing that Africa’s situation is unique, and solutions take time, building on what we have and what we can do with it. This means that, in working towards a just energy transition, the continent’s oil and gas resources shouldn’t be viewed as obstacles that need to be immediately replaced by renewable energy sources. Instead, rather than prematurely phasing out fossil fuels in response to global pressure, Africa should harness these revenues responsibly to finance its energy transition and ultimately eradicate energy poverty.

    Prioritizing Development Alongside Sustainability

    Nearly 600 million Africans still live without access to electricity (https://apo-opa.co/3U6V4uH). This access is a fundamental human right, yet energy poverty remains one of the continent’s most significant barriers to development. This undermines health systems, education, industrialization, and dignity. As the world debates how to rapidly achieve net-zero, Africa’s priority is different: how to power its people now, while building a sustainable future.

    Measuring Africa’s energy transition progress against external calls for an abrupt end to fossil fuels risks leaving millions behind. Our continent contributes less than 4% (https://apo-opa.co/4odEQxF) to global emissions, yet we are expected to decarbonize at the same pace as industrialized nations that built their wealth on hydrocarbons.

    Instead, the continent’s abundance of fossil fuels should be viewed as a bridge, not a barrier. The African Energy Chamber (AEC) Africa-Paris Declaration (https://apo-opa.co/3GO1ImM) underscores this principle – Africa’s oil and gas revenues can and must be used as a financial lever to invest in electrification, clean energy, and infrastructure projects. This pragmatic and just approach prioritizes development alongside sustainability, not instead of.

    There are several ways to achieve this. First, reinvesting oil and gas revenues into rural electrification can transform communities. Decentralized solutions like off-grid solar and mini-grids offer practical ways to reach remote areas. Although urban dwellers do experience power outages, for many rural populations, it’s a way of life. For the mother cooking with firewood or the student studying by candlelight, a small solar grid is life-changing. Fossil fuel revenues can finance these systems at scale, bridging the immediate access gap while longer-term grid expansions are in progress.

    Second, establishing innovative financing mechanisms is essential. For instance, the fledgling Africa Energy Bank (https://apo-opa.co/4l5R2Of) aims to bridge the continent’s estimated $31 billion to $50 billion annual energy funding gap by focusing predominantly on financing energy projects. Launched in 2025, the bank is poised to play a transformative role in mobilizing capital for African energy projects. Additionally, global investors are increasingly exploring energy investment opportunities in Africa. In support of this, development finance institutions, such as the African Development Bank, the World Bank, and the International Finance Corporation, are de-risking investments by offering concessional loans, guarantees, and technical assistance, making investment in African energy projects more attractive. 

    Third, policy reforms that create enabling environments are critical. Here, governments have a role to play in prioritizing revenue-generating projects, creating stable regulatory frameworks, and offering incentives for public-private partnerships. This will support investment, reduce risks, and unlock the transformative power of energy access.

    These solutions demonstrate the importance of a fair and equitable transition and the vital role that fossil fuels will continue to play in achieving this goal. They also prove that this goal is achievable, even if it is on the continent’s own terms.

    Unique Solutions to Africa’s Energy Challenges

    Africa’s path to net-zero has the same end goal as the rest of the world, but it can’t mirror their journey. Our starting points are different, and our development needs are urgent. We understand that climate action can’t be delayed. But it can be just, inclusive, and rooted in African realities. And it can also be supported by revenues from our abundant natural resources.  

    The Africa-Paris Declaration notes that ‘a fair transition recognizes that fossil fuels remain valuable for Africa’s development, prosperity, and energy access goals. Africa doesn’t need to choose between oil and gas or renewables. Given our current position, all are important and require both strategic and sensible deployment. Fossil fuels generate the revenues to invest in solar, wind, hydropower, and grid infrastructure. They fuel industries that create jobs. They support healthcare, education, and innovation.

    When managed responsibly, Africa’s fossil fuel revenue can serve as a bridge to a brighter, greener, and more prosperous continent. Will it be quick and easy? No. Will some question the approach? Most certainly. But the alternative is leaving hundreds of millions of people in the dark.

    – on behalf of African Energy Chamber.

    Media files

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    MIL OSI Africa –

  • MIL-OSI United Kingdom: More wraparound childcare available in Derby to support working families

    Source: City of Derby

    Derby City Council is expanding before and after-school childcare places across the city, supported by government investment to help working families access more flexible childcare options.

    This expansion means more families will be able to access affordable, reliable childcare from 8am to 6pm during term time.

    Through the Department for Education’s Wraparound Childcare Programme, Derby has secured a share of the £289 million national funding to support this goal. The government aims to ensure that by September 2026, all parents who need wraparound care can find it locally.

    Since the funding was introduced, Derby City Council has already supported several primary schools to expand their wraparound care. This has created hundreds of new childcare places, helping more parents and carers access dependable support before and after the school day.

    Councillor Paul Hezelgrave, Derby City Council Cabinet Member for Children, Young People and Skills, said: 

    This funding is making a real difference to families across Derby, giving parents more choice and flexibility when it comes to childcare.

    We know how important wraparound care is in helping parents juggle work and family life, and we’re committed to ensuring that every child has access to high-quality, inclusive provision close to home.

    I’m proud of the progress we’ve made so far, and I encourage more schools and providers to come forward and take advantage of the support available.

    Laura Mitchell, Wraparound Programme Manager at Derby City Council, said:

    We know that childcare is a key barrier for many parents when it comes to work and training. Our goal is to make sure that every family in Derby who needs wraparound care has access to a place that suits their needs.

    A crucial part of achieving this has been the long-standing dedication of our Private, Voluntary, and Independent (PVI) providers. Their commitment, flexibility, and deep-rooted presence in the community have played a vital role in supporting families and laying the groundwork for the success of the Wraparound Childcare Programme.

    We’ve already seen a fantastic response from schools and providers. We’re working closely with them to support new or expanded wraparound provision, and there’s still funding available for others who are interested.

    Derby City Council continues to work with schools, PVI providers and childminders to develop long-term, sustainable childcare tailored to each community’s needs. The programme also prioritises inclusive provision, supporting children with additional needs and ensuring all eligible families can benefit.

    Funding is available until March 2026. Schools and childcare providers interested in creating or expanding wraparound care are encouraged to get in touch at wap@derby.gov.uk.

    More information on wraparound childcare can be found on the Derby City Council website.

    MIL OSI United Kingdom –

  • MIL-OSI: DT Midstream Reports Strong Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    DETROIT, July 31, 2025 (GLOBE NEWSWIRE) — DT Midstream, Inc. (NYSE: DTM) today announced second quarter 2025 reported net income of $107 million, or $1.04 per diluted share. For the second quarter of 2025, Operating Earnings were also $107 million, or $1.04 per diluted share. Adjusted EBITDA for the quarter was $277 million.

    Reconciliations of Operating Earnings and Adjusted EBITDA (non-GAAP measures) to reported net income are included at the end of this news release.

    The company also announced that the DT Midstream Board of Directors declared a $0.82 per share dividend on its common stock payable October 15, 2025 to stockholders of record at the close of business September 15, 2025.

    “We had another strong quarter, and the business is performing on track with our full-year plan,” said David Slater, President and CEO. “We continue to make great progress advancing organic projects from our backlog, with $0.6 billion of projects reaching final investment decisions during the second quarter.”

    Slater noted the following significant business updates:

    • Reached a final investment decision on Guardian Pipeline “G3” expansion of approximately 210 MMcf/d
    • Finalized our investment plan for the initial phase of modernization across our new interstate pipelines
    • Achieved an investment-grade credit rating with all three rating agencies
    • Established a record high quarterly gathering volume for our Haynesville system

    “Our second quarter results put us in a strong position to meet our financial goals for 2025 and we are reaffirming our 2025 Adjusted EBITDA guidance of $1.095 to $1.155 billion and our 2026 Adjusted EBITDA early outlook range of $1.155 to $1.225 billion,” said Jeff Jewell, Executive Vice President and CFO.

    The company has scheduled a conference call to discuss results for 9:00 a.m. ET (8:00 a.m. CT) today. Investors, the news media and the public may listen to a live internet broadcast of the call at this link. The participant toll-free telephone dial-in number in the U.S. and Canada is 888.596.4144, and the toll number is 646.968.2525; the passcode is 9881735. International access numbers are available here. The webcast will be archived on the DT Midstream website at investor.dtmidstream.com.

    About DT Midstream

    DT Midstream (NYSE: DTM) is an owner, operator and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment and surface facilities. The company transports clean natural gas for utilities, power plants, marketers, large industrial customers and energy producers across the Southern, Northeastern and Midwestern United States and Canada. The Detroit-based company offers a comprehensive, wellhead-to-market array of services, including natural gas transportation, storage and gathering. DT Midstream is transitioning towards net zero greenhouse gas emissions by 2050, including a plan of achieving 30% of its carbon emissions reduction by 2030. For more information, please visit the DT Midstream website at www.dtmidstream.com.

    Why DT Midstream Uses Operating Earnings, Adjusted EBITDA and Distributable Cash Flow

    Use of Operating Earnings Information – Operating Earnings exclude non-recurring items, certain mark-to-market adjustments and discontinued operations. DT Midstream management believes that Operating Earnings provide a more meaningful representation of the company’s earnings from ongoing operations and uses Operating Earnings as the primary performance measurement for external communications with analysts and investors. Internally, DT Midstream uses Operating Earnings to measure performance against budget and to report to the Board of Directors.

    Adjusted EBITDA is defined as GAAP net income attributable to DT Midstream before expenses for interest, taxes, depreciation and amortization, and loss from financing activities, further adjusted to include the proportional share of net income from equity method investees (excluding interest, taxes, depreciation and amortization), and to exclude certain items the company considers non-routine. DT Midstream believes Adjusted EBITDA is useful to the company and external users of DT Midstream’s financial statements in understanding operating results and the ongoing performance of the underlying business because it allows management and investors to have a better understanding of actual operating performance unaffected by the impact of interest, taxes, depreciation, amortization and non-routine charges noted in the table below. We believe the presentation of Adjusted EBITDA is meaningful to investors because it is frequently used by analysts, investors and other interested parties in the midstream industry to evaluate a company’s operating performance without regard to items excluded from the calculation of such measure, which can vary substantially from company to company depending on accounting methods, book value of assets, capital structure and the method by which assets were acquired, among other factors. DT Midstream uses Adjusted EBITDA to assess the company’s performance by reportable segment and as a basis for strategic planning and forecasting.

    Distributable Cash Flow (DCF) is calculated by deducting earnings from equity method investees, depreciation and amortization attributable to noncontrolling interests, cash interest expense, maintenance capital investment (as defined below), and cash taxes from, and adding interest expense, income tax expense, depreciation and amortization, certain items we consider non-routine and dividends and distributions from equity method investees to, Net Income Attributable to DT Midstream. Maintenance capital investment is defined as the total capital expenditures used to maintain or preserve assets or fulfill contractual obligations that do not generate incremental earnings. We believe DCF is a meaningful performance measurement because it is useful to us and external users of our financial statements in estimating the ability of our assets to generate cash earnings after servicing our debt, paying cash taxes and making maintenance capital investments, which could be used for discretionary purposes such as common stock dividends, retirement of debt or expansion capital expenditures.

    In this release, DT Midstream provides 2025 and 2026 Adjusted EBITDA guidance. The reconciliation of net income to Adjusted EBITDA as projected for full-year 2025 and 2026 is not provided. DT Midstream does not forecast net income as it cannot, without unreasonable efforts, estimate or predict with certainty the components of net income. These components, net of tax, may include, but are not limited to, impairments of assets and other charges, divestiture costs, acquisition costs, or changes in accounting principles. All of these components could significantly impact such financial measures. At this time, DT Midstream is not able to estimate the aggregate impact, if any, of these items on future period reported earnings. Accordingly, DT Midstream is not able to provide a corresponding GAAP equivalent for Adjusted EBITDA.

    Forward-looking Statements

    This release contains statements which, to the extent they are not statements of historical or present fact, constitute “forward-looking statements” under the securities laws. These forward-looking statements are intended to provide management’s current expectations or plans for our future operating and financial performance, business prospects, outcomes of regulatory proceedings, market conditions, and other matters, based on what we believe to be reasonable assumptions and on information currently available to us.

    Forward-looking statements can be identified by the use of words such as “believe,” “expect,” “expectations,” “plans,” “strategy,” “prospects,” “estimate,” “project,” “target,” “anticipate,” “will,” “should,” “see,” “guidance,” “outlook,” “confident” and other words of similar meaning. The absence of such words, expressions or statements, however, does not mean that the statements are not forward-looking. In particular, express or implied statements relating to future earnings, cash flow, results of operations, uses of cash, tax rates and other measures of financial performance, future actions, conditions or events, potential future plans, strategies or transactions of DT Midstream, and other statements that are not historical facts, are forward-looking statements.

    Forward-looking statements are not guarantees of future results and conditions, but rather are subject to numerous assumptions, risks, and uncertainties that may cause actual future results to be materially different from those contemplated, projected, estimated, or budgeted. Many factors may impact forward-looking statements of DT Midstream including, but not limited to, the following: changes in general economic conditions, including increases in interest rates and associated Federal Reserve policies, a potential economic recession, and the impact of inflation on our business; industry changes, including the impact of consolidations, alternative energy sources, technological advances, infrastructure constraints and changes in competition; changes in global trade policies and tariffs; global supply chain disruptions; actions taken by third-party operators, producers, processors, transporters and gatherers; changes in expected production from Expand Energy and other third parties in our areas of operation; demand for natural gas gathering, transmission, storage, transportation and water services; the availability and price of natural gas to the consumer compared to the price of alternative and competing fuels; our ability to successfully and timely implement our business plan; our ability to complete organic growth projects on time and on budget; our ability to finance, complete, or successfully integrate acquisitions; our ability to realize the anticipated benefits of the Midwest Pipeline Acquisition and our ability to manage the risks of the Midwest Pipeline Acquisition; the price and availability of debt and equity financing; restrictions in our existing and any future credit facilities and indentures; the effectiveness of our information technology and operational technology systems and practices to detect and defend against evolving cyber attacks on United States critical infrastructure; changing laws regarding cybersecurity and data privacy, and any cybersecurity threat or event; operating hazards, environmental risks, and other risks incidental to gathering, storing and transporting natural gas; geologic and reservoir risks and considerations; natural disasters, adverse weather conditions, casualty losses and other matters beyond our control; the impact of outbreaks of illnesses, epidemics and pandemics, and any related economic effects; the impacts of geopolitical events, including the conflicts in Ukraine and the Middle East; labor relations and markets, including the ability to attract, hire and retain key employee and contract personnel; large customer defaults; changes in tax status, as well as changes in tax rates and regulations; the effects and associated cost of compliance with existing and future laws and governmental regulations, such as the Inflation Reduction Act and the One Big Beautiful Bill Act; changes in environmental laws, regulations or enforcement policies, including laws and regulations relating to pipeline safety, climate change and greenhouse gas emissions; changes in laws and regulations or enforcement policies, including those relating to construction and operation of new interstate gas pipelines, ratemaking to which our pipelines may be subject, or other non-environmental laws and regulations; our ability to qualify for federal income tax credits by Clean Fuels Gathering; our ability to develop low carbon business opportunities and deploy greenhouse gas reducing technologies; changes in insurance markets impacting costs and the level and types of coverage available; the timing and extent of changes in commodity prices; the success of our risk management strategies; the suspension, reduction or termination of our customers’ obligations under our commercial agreements; disruptions due to equipment interruption or failure at our facilities, or third-party facilities on which our business is dependent; the effects of future litigation; and the risks described in our Annual Report on Form 10-K for the year ended December 31, 2024 and our reports and registration statements filed from time to time with the SEC.

    The above list of factors is not exhaustive. New factors emerge from time to time. We cannot predict what factors may arise or how such factors may cause actual results to vary materially from those stated in forward-looking statements, see the discussion under the section entitled “Risk Factors” in our Annual Report for the year ended December 31, 2024, filed with the SEC on Form 10-K and any other reports filed with the SEC. Given the uncertainties and risk factors that could cause our actual results to differ materially from those contained in any forward-looking statement, you should not put undue reliance on any forward-looking statements.

    Any forward-looking statements speak only as of the date on which such statements are made. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, subsequent events or otherwise.

    DT Midstream, Inc.
    Reconciliation of Reported to Operating Earnings (non-GAAP, unaudited)
                                   
      Three Months Ended
      June 30,   March 31,
        2025     2025
      Reported
    Earnings    		   Pre-tax
    Adjustments    		   Income
    Taxes    (1)    		   Operating Earnings   Reported
    Earnings    		   Pre-tax
    Adjustments    		   Income
    Taxes    (1)    		   Operating
    Earnings
      (millions)
    Adjustments     $ —     $ —             $ —     $ —      
    Net Income Attributable to DT Midstream $ 107     $ —     $ —     $ 107     $ 108     $ —     $ —     $ 108  
                                   
      Six Months Ended
      June 30,   June 30,
        2025     2024
      Reported
    Earnings    		   Pre-tax
    Adjustments    		   Income
    Taxes    (1)    		   Operating
    Earnings    		   Reported
    Earnings    		   Pre-tax Adjustments   Income
    Taxes    (1)    		   Operating
    Earnings
      (millions)
    Adjustments     $ —     $ —             $ —     $ —      
    Net Income Attributable to DT Midstream $ 215     $ —     $ —     $ 215     $ 193     $ —     $ —     $ 193  
                                   
    (1) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments
                                   
                                   
    DT Midstream, Inc.
    Reconciliation of Reported to Operating Earnings per diluted share(1)(non-GAAP, unaudited)
                                   
      Three Months Ended
      June 30,   March 31,
        2025     2025
      Reported
    Earnings    		   Pre-tax Adjustments   Income
    Taxes    (2)    		   Operating
    Earnings    		   Reported
    Earnings    		   Pre-tax Adjustments   Income
    Taxes    (2)    		   Operating
    Earnings
      (per share)
    Adjustments     $ —     $ —             $ —     $ —      
    Net Income Attributable to DT Midstream $ 1.04     $ —     $ —     $ 1.04     $ 1.06     $ —     $ —     $ 1.06  
                                   
      Six Months Ended
      June 30,   June 30,
        2025     2024
      Reported
    Earnings    		   Pre-tax Adjustments   Income
    Taxes    (2)    		   Operating
    Earnings    		   Reported
    Earnings    		   Pre-tax Adjustments   Income
    Taxes    (2)    		   Operating
    Earnings
      (per share)
    Adjustments     $ —     $ —             $ —     $ —      
    Net Income Attributable to DT Midstream $ 2.10     $ —     $ —     $ 2.10     $ 1.97     $ —     $ —     $ 1.97  
                                   
    (1) Per share amounts are divided by Weighted Average Common Shares Outstanding — Diluted, as noted on the Consolidated Statements of Operations
    (2) Excluding tax related adjustments, the amount of income taxes was calculated based on a combined federal and state income tax rate, considering the applicable jurisdictions of the respective segments and deductibility of specific operating adjustments
                                   
                                   
    DT Midstream, Inc.
    Reconciliation of Net Income Attributable to DT Midstream to Adjusted EBITDA (non-GAAP, unaudited)
                   
      Three Months Ended Six Months Ended
      June 30,   March 31,   June 30,   June 30,
        2025       2025       2025       2024  
    Consolidated (millions)
    Net Income Attributable to DT Midstream $ 107     $ 108     $ 215     $ 193  
    Plus: Interest expense   40       40       80       79  
    Plus: Income tax expense   34       35       69       64  
    Plus: Depreciation and amortization   63       63       126       103  
    Plus: EBITDA from equity method investees(1)   64       73       137       142  
    Less: Interest income   —       (1 )     (1 )     (1 )
    Less: Earnings from equity method investees   (30 )     (37 )     (67 )     (85 )
    Less: Depreciation and amortization attributable to noncontrolling interests   (1 )     (1 )     (2 )     (2 )
    Adjusted EBITDA $ 277     $ 280     $ 557     $ 493  
                   
    (1) Includes share of our equity method investees’ earnings before interest, taxes, depreciation and amortization, which we refer to as “EBITDA.” A reconciliation of earnings from equity method investees to EBITDA from equity method investees follows:
     
      Three Months Ended Six Months Ended
      June 30,   March 31,   June 30,   June 30,
        2025       2025       2025       2024  
      (millions)
    Earnings from equity method investees $ 30     $ 37     $ 67     $ 85  
    Plus: Depreciation and amortization attributable to equity method investees   19       22       41       41  
    Plus: Interest expense attributable to equity method investees   15       14       29       16  
    EBITDA from equity method investees $ 64     $ 73     $ 137     $ 142  
                   
                   
    DT Midstream, Inc.
    Reconciliation of Net Income Attributable to DT Midstream to Adjusted EBITDA
    Pipeline Segment (non-GAAP, unaudited)
                   
      Three Months Ended Six Months Ended
      June 30,   March 31,   June 30,   June 30,
        2025       2025       2025       2024  
    Pipeline (millions)
    Net Income Attributable to DT Midstream $ 93     $ 92     $ 185       145  
    Plus: Interest expense   11       13       24       25  
    Plus: Income tax expense   29       30       59       48  
    Plus: Depreciation and amortization   28       28       56       37  
    Plus: EBITDA from equity method investees(1)   64       73       137       142  
    Less: Interest income   —       (1 )     (1 )     (1 )
    Less: Earnings from equity method investees   (30 )     (37 )     (67 )     (85 )
    Less: Depreciation and amortization attributable to noncontrolling interests   (1 )     (1 )     (2 )     (2 )
    Adjusted EBITDA $ 194     $ 197     $ 391     $ 309  
                   
    (1)  Includes share of our equity method investees’ earnings before interest, taxes, depreciation and amortization, which we refer to as “EBITDA.” A reconciliation of earnings from equity method investees to EBITDA from equity method investees follows:
     
      Three Months Ended Six Months Ended
      June 30,   March 31,   June 30,   June 30,
        2025       2025       2025       2024  
      (millions)
    Earnings from equity method investees $ 30     $ 37     $ 67     $ 85  
    Plus: Depreciation and amortization attributable to equity method investees   19       22       41       41  
    Plus: Interest expense attributable to equity method investees   15       14       29       16  
    EBITDA from equity method investees $ 64     $ 73     $ 137     $ 142  
                   
                   
    DT Midstream, Inc.
    Reconciliation of Net Income Attributable to DT Midstream to Adjusted EBITDA
    Gathering Segment (non-GAAP, unaudited)
                   
      Three Months Ended Six Months Ended
      June 30,   March 31,   June 30,   June 30,
        2025       2025       2025       2024  
    Gathering (millions)
    Net Income Attributable to DT Midstream $ 14     $ 16     $ 30     $ 48  
    Plus: Interest expense   29       27       56       54  
    Plus: Income tax expense   5       5       10       16  
    Plus: Depreciation and amortization   35       35       70       66  
    Less: Interest income   —       —       —       —  
    Adjusted EBITDA $ 83     $ 83     $ 166     $ 184  
                   
                   
    DT Midstream, Inc.
    Reconciliation of Net Income Attributable to DT Midstream to Distributable Cash Flow (non-GAAP, unaudited)
                   
      Three Months Ended Six Months Ended
      June 30,   March 31,   June 30,   June 30,
        2025       2025       2025       2024  
    Consolidated (millions)
    Net Income Attributable to DT Midstream $ 107     $ 108     $ 215     $ 193  
    Plus: Interest expense   40       40       80       79  
    Plus: Income tax expense   34       35       69       64  
    Plus: Depreciation and amortization   63       63       126       103  
    Less: Earnings from equity method investees   (30 )     (37 )     (67 )     (85 )
    Less: Depreciation and amortization attributable to noncontrolling interests   (1 )     (1 )     (2 )     (2 )
    Plus: Dividends and distributions from equity method investees   30       48       78       125  
    Less: Cash interest expense   (76 )     —       (76 )     (74 )
    Less: Cash taxes   (4 )     2       (2 )     (3 )
    Less: Maintenance capital investment(1)   (6 )     (8 )     (14 )     (13 )
    Distributable Cash Flow $ 157     $ 250     $ 407     $ 387  
                   
    (1)  Maintenance capital investment is defined as the total capital expenditures used to maintain or preserve assets or fulfill contractual obligations that do not generate incremental earnings.
                   
                   

    The MIL Network –

  • MIL-OSI: Japan Blockchain Week 2025 (Aug 22 – Sep 19) — The Perfect Window to Experience Japan’s Most Vibrant Web3 Scene

    Source: GlobeNewswire (MIL-OSI)

    TOKYO, July 31, 2025 (GLOBE NEWSWIRE) — If you have ever thought about visiting Japan’s fast-growing crypto ecosystem, this is the year and this is the moment. From August 22 to September 15, 2025, Tokyo will host Japan Blockchain Week 2025 (JBW 2025)—a four-week festival that bundles the country’s flagship Web3 gatherings into one seamless schedule.

    Launched in 2022 to connect Japan’s builders and community with the global community, JBW has become the annual rendez-vous for investors, founders, developers, and policymakers who want to see where crypto meets the real world. This summer, one JBW AI summit and 6 headline partner events will create an unparalleled density of talent, capital, and cutting-edge ideas:

    Event Schedule

    Date Headline Event What to Expect
    Aug 23 JBW summit AI edition A deep dive into AI × Web3 and the coming ASI era—governance, privacy, and value creation on a planetary scale.This is a futuristic conference where experts from the AI ​​and web3 industries gather to discuss the updates of society around the world in preparation for the ASI era.
    Aug 24 Solana SuperTokyo SuperTokyo2025 is the largest Solana conference in Japan, organized by the Solana Foundation-certified community “SuperTeam Japan” to promote the growth of the Solana ecosystem in Japan. Once a year, Solana entrepreneurs, users, and fans from Japan and abroad will gather in Tokyo to create useful opportunities, and sessions by famous experts and startup camp programs will be held.
    Aug 25-26 WebX WebX2025 is produced by CoinPost, Japan’s largest Web3 media. The event will take place on August 25th and 26th, 2025 at The Prince Park Tower in Tokyo. WebX2025 is Asia’s largest global conference gathering professionals related to crypto assets, blockchain, and other Web3 technologies, offering visitors a direct interaction with companies, experts, entrepreneurs, investors, government officials, and media from Japan and abroad.
    Aug 27 Blockchain Leaders Summit Unified community: Bridge between Japan and the globe Participants will have an extraordinary opportunity to gain valuable insights directly from esteemed industry leaders and emerging powerhouses actively shaping the future landscape.
    Sep
    11    		 Web3privacy now Web3Privacy Now is a think-and-Do-tank of hundreds of people, projects, and organizations committed to protecting and advancing civil liberties, decentralization, and open-source software. ​​We facilitate cross-stack and cross-community collaboration to drive meaningful impact. We challenge standardization and maximalism, avoid abstractions and stereotypes. We work on the forefront of technology with a poly-disciplinary approach, togetherness, and care, assiting each other in clarifying paths toward effective progress.
    Sep 12-15 ETH Tokyo ETHTokyo is an engaging conference and hackathon for the global Ethereum community where people with all sorts of backgrounds, ideas, and skills come together to share their love for Ethereum and its world..
    Sep
    16-19    		 EDCON Once a year, the most impactful speakers, mentors and projects from around the world are invited to attend and share their message. Prior years include: Paris 2017, Toronto 2018, Sydney 2019, Online 2020-21, San Francisco 2022, Montenegro 2023, Tokyo 2024. EDCON is committed to serving the Ethereum ecosystem by boosting communication and engagement between Ethereum communities worldwide.

    Why Plan Your Trip Around JBW 2025?

    • One flight, five world-class conferences. Every week offers a new flagship event—optimise your travel budget while maximising exposure.
    • Cross-pollination at its best. Discuss the future of AI x web3 on Saturday,Meet Solana Tokyo community on Sunday, debate business in Japan on Monday, then hack Solidity in September—without leaving Tokyo.
    • Asia’s most underestimated market. Japan is opening up to token incentives,IP deployment to web3, stablecoin issuance, and DAO frameworks faster than headlines suggest. Tap early.
    • Seamless logistics. All venues are within 30 minutes of central Tokyo; an English-friendly metro, and top-tier hospitality make navigation easy.
    • Culture & crypto in one trip. In between conferences and networking nights, enjoy summer festivals, Michelin-level cuisine, and Tokyo’s unique and diverse culture.

    Quick Facts

    • Total 2024 attendance: over 50,000 attends in-person
    • Official language: English & Japanese (simultaneous interpretation provided)
    • Hashtag: #JBW2025

    About Japan Blockchain Week

    Japan Blockchain Week is a not-for-profit movement launched in 2022 to bridge the Japanese and global blockchain industries. By clustering independent conferences and hackathons under a single seasonal banner, JBW lowers friction for overseas participation and accelerates cross-border collaboration.CoinDesk Japan has joined as an special media partner.

    Comment from Mai Fujimoto

    Co-organizer of Japan Blockchain Week / Co-founder of INTMAX

    “Japan Blockchain Week is more than just a series of events — it has evolved into a platform that bridges Japan and the global Web3 community.This year, JBW brings together seven distinct blockchain events across just one month in Japan. Each event has its own theme and character, offering a completely different perspective on the future every week — an unprecedented format.

    There are few other occasions where such a diverse group of people from across borders and industries gathers in a single city.Join us this summer in Tokyo and Osaka, and let’s shape the future together!”

    Book your flights. Pack your dev laptop. We’ll see you in Tokyo for the most condensed month of Web3 I innovation anywhere in 2025.

    Website | X

    Contact:
    Mio Nanase
    staff@japanblockchainweek.jp

    Disclaimer: This content is provided by Japan Blockchain Week. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/44bc5642-92b2-4885-bc2d-52f6a1ab0ad1

    The MIL Network –

  • MIL-OSI United Kingdom: Cardiff Capital Region backed by £30m to unlock innovation and growth

    Source: United Kingdom – Executive Government & Departments

    Press release

    Cardiff Capital Region backed by £30m to unlock innovation and growth

    Cardiff Capital Region is one of three UK cities and regions supported through the UK Government’s £500m local innovation fund.

    Aerial view of Cardiff.

    • Local partnerships will direct funding to range of priorities, from life sciences to AI, or could capitalise on Cardiff Capital Region’s existing strengths such as in automotive technology to support a greener future
    • Builds on record £86bn R&D settlement until 2030 and backs local skills to deliver economic growth as part of our Plan for Change

    Cardiff Capital Region is among three UK cities and regions receiving at least £30m each from the UK Government to unlock new, locally led innovation that can improve lives across the country, UK Science Minister Lord Vallance has announced today (Tuesday 29 July). 

    Partnerships between the city region authority, businesses and research organisations will work with UK Research and Innovation (UKRI) to invest the funding into a range of regional and national priorities in science and technology – from life sciences to green energy solutions, AI to engineering, and beyond.

    It could even build on the existing strengths of Cardiff, and Wales more widely, from its role in developing electric vehicle components that will help us build a greener world to its data science capabilities which can improve lives from better public services to improving our health. 

    The funding forms part of the Local Innovation Partnerships Fund (LIPF) of up to £500m, announced ahead of last month’s Spending Review to empower local leaders with skin in the game. It will help target innovation investment and make the most of their communities’ expertise to unleash discoveries that benefit us all and grow the economy as part of our Plan for Change.

    The decision to earmark at least £30m to three high-potential areas in Glasgow, Belfast-Derry/Londonderry and Cardiff was reached following collaboration between the UK Government and the governments of Scotland, Northern Ireland and Wales. Seven regions of England were also announced as recipients last month – spanning the North-East to Greater Manchester, Liverpool to London.

    The funding was announced as part of a record £86bn R&D settlement until 2030 and will help the Government to deliver our modern Industrial Strategy by backing high growth sectors and bolstering partnerships with industry for long-term economic growth.

    UK Science Minister Lord Vallance said: 

    From driving the development of electric vehicle components that will help deliver a greener planet to cutting-edge data science work, the Cardiff Capital Region playing a leading role in the technologies of the future that can benefit people throughout the UK.

    By targeting this funding with local leaders to a range of science and technology sectors we can make the most of the expertise across Cardiff and wider Wales to grow the economy as part of our Plan for Change.

    Secretary of State for Wales Jo Stevens said:

    This funding from the UK Government is vital to support Wales’s leading science and technology sectors. We are already punching above our weight in areas where there is huge potential for even more growth. 

    Wales has the talent and expertise to develop high tech solutions to a range of challenges, and this investment will help kickstart innovation, create new well-paid jobs and grow the Welsh economy.

    Welsh Government Cabinet Secretary for Economy, Energy and Planning, Rebecca Evans, said:

    This investment represents another vote of confidence in the Cardiff capital region and builds on our work supporting its growth, strong university research ecosystem, industry base and innovation clusters over a number of years.

    We will continue working closely with the South East Wales Corporate Joint Committee and the UK Government to build on the region’s strengths, attract significant private investment, strengthen regional partnerships and deliver real benefits for people across South East Wales and beyond.

    High potential innovation clusters in places that have not been earmarked for funding will also be able to bid into a competition, with UKRI publishing guidance on this competition soon.

    The Local Innovation Partnerships Fund represents a significant shift in place-based innovation policy, giving regions greater control over how research and development investment is directed to maximise their innovation potential and drive economic growth.

    It builds on the lessons learned from programmes already underway to support high potential innovation clusters in regions across the UK, including the Strength in Places Fund and the Innovation Accelerator pilot scheme and Innovate UK Launchpads.  

    The Innovation Accelerator pilot scheme alone has leveraged more than

    £140 million in new private investment, created hundreds of jobs across the West Midlands, Greater Manchester and Glasgow City Region, and supported a range of new technologies.

    It includes those developed by the Greater Manchester advanced diagnostic accelerator, delivering quicker and cheaper detection for liver, heart and lung diseases, whilst Moonbility from the West Midlands is using AI software helping train companies to simulate, in real time, potential disruption to the network so they can alert passengers on delay length, giving advice on replanning journeys.

    Updates to this page

    Published 31 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: expert reaction to latest UKHSA data showing measles cases remain high

    Source: United Kingdom – Executive Government & Departments

    Scientists comment on latest data from the UK Health Security Agency (UKHSA) that shows measles cases remain high. 

    Dr Ben Kasstan-Dabush, Assistant Professor of Global Health & Development at the London School of Hygiene & Tropical Medicine (LSHTM), said:

    “It is no surprise that Hackney has seen the highest number of measles cases over the past four weeks. To prevent measles outbreaks, the WHO recommends that 95% of people are fully vaccinated with two doses of the MMR vaccine. In 2023-2024, MMR coverage in Hackney was lowest by local authority in England and just 60.8% had received both MMR doses by the age of five, compared with 83.9% of children on average across England. Without this vital vaccine coverage, children have been left as sitting ducks for a measles outbreak.

    “Hackney’s population is unique and a ‘one-size fits all’ approach will not solve the problem. The borough’s population is diverse and younger, with almost one in three residents aged under 24. Hackney also has among the highest numbers of children living in low income families in London and around one in four children are Haredi (strictly Orthodox Jewish). In this context, every family will have their own challenges and pressures, so how can we expect under-funded, inflexible delivery strategies to offer equitable access?

    “Local clinics and teams are working incredibly hard to protect children and prevent another child death from measles in the UK. But it is extremely difficult to sustain positive results when funding to commission vaccination projects and new professionals roles are short-term and unpredictable.

    “Together with a local GP in Hackney, Dr Tehseen Khan, we have been researching ways to ensure vital vaccines are accessible to those who need them. This includes evaluating how primary care teams in the area offer parents more convenient appointments through Sunday walk-in clinics and allowing parents to bring several children to one appointment. However, primary care cannot solve these challenges alone. I would encourage any parent with questions or concerns, or anyone who’s unsure on their own vaccination status, to reach out to their local GP surgery, as it’s never too late to catch up on the MMR vaccine.

    “Political decisions are threatening the ability to make long-term improvements in vaccination coverage in Hackney and nationwide. Integrated Care Boards, the NHS organisations that plan and commission health services for their local populations, are expected to reduce operational costs by 50%. This will be disastrous for vaccine coverage recovery efforts, and raises fundamental questions about how the government’s 10 year ‘Fit for the Future’ plan can realistically be implemented.”

    https://ukhsa-newsroom.prgloo.com/news/latest-data-show-measles-cases-remain-high-with-london-and-parts-of-the-north-west-driving-increase

    Declared interests

    Dr Ben Kasstan-Dabush: Dr Ben Kasstan- Dabush is Assistant Professor of Global Health & Development at the London School of Hygiene & Tropical Medicine. He is currently working on vaccine delivery research in Hackney, funded by the British Medical Association Foundation for Medical Research (2023 Kathleen Harper Award, in collaboration with Dr Tehseen Khan). This builds on previous work funded by the NIHR Health Protection Research Unit in Vaccines & Immunisation, a collaboration between LSHTM and UKHSA. Ben provides regular consultation to UKHSA.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: More male role models in nurseries to help children thrive

    Source: United Kingdom – Executive Government & Departments

    Press release

    More male role models in nurseries to help children thrive

    New wave of “Do Something Big” campaign launches to encourage more men to join the early years workforce.

    Children across the country are to benefit from more male role models in nurseries, as the government ramps up efforts to grow and diversify the early years workforce ahead of the September childcare expansion due to save parents up to £7,500 a year.

    This is the latest phase of the “Do Something Big” campaign, which highlights how children thrive when they see both men and women in caring, nurturing roles from the very start of their education. Research shows that this supports healthy development, with findings showing:

    • 9 in 10 parents believe it’s important for children to be cared for by both men and women
    • Many believe this helps children develop mutual respect and more balanced views of gender roles
    • However, just 3% of the early years workforce are currently men

    To help change this, the government is offering £1,000 payments to new early years staff in 38 priority areas, supporting nurseries to recruit in time for the September expansion of 30 funded childcare hours for children from 9 months old.

    This will support the government’s Plan for Change, which has already seen almost half a million benefitting from 15 childcare hours from last September, and tens of thousands of new recruits to the early years workforce in recent months. This drive builds on the government’s Best Start in Life strategy, which is raising the status of the profession and growing a diverse, skilled workforce so every child can start school ready to learn.

    Minister for Early Education, Stephen Morgan, said:

    Children thrive when they’re supported by a diverse mix of role models – and that starts in the early years.

    With big changes coming in September, we’re backing nurseries to recruit the staff they need and encouraging more men to consider this rewarding career.

    Through our Plan for Change, we’re making early years careers more appealing – and reminding dads that if you’ve helped your own child learn and grow, you’ve already got the skills to make a difference to many more.

    From today, new Do Something Big content will be bursting onto screens and social feeds across the nation.

    The adverts show that dads in particular will already have the skills to succeed in early years roles through the play and learning they have done with their own children. They will run across digital display and social media platforms, as well as posters on roadside billboards and the rail network, ensuring the campaign reaches men across the country.

    Greg Lane, Nursery Manager and Creative Lead at Soho Nursery and Pre-School (LEYF) said: 

    Our children don’t choose us based on gender – they choose us because we’re good at what we do. One child recently told me, ‘He’s really good at dinosaurs,’ while another said, ‘She’s great at playing football.’ That’s what matters to them.

    I joined this sector because I wanted to make a difference, and every day I get to do that. I’m proud to be part of a profession that is evolving, and I hope more men take the leap because the children need us, and they’ll welcome us with open arms.

    Mike Abbott, Director of Operations at London Early Years Foundation (LEYF) said:

    At LEYF, we know that what truly matters to children is not whether their teacher is a man or a woman – it’s the quality of the relationship, the skill, and the trust they build.

    We see every day how boys and girls alike flourish in environments where all adults’ model empathy, curiosity, and care. The government’s renewed focus on recruiting more men into Early Years is a crucial step in challenging outdated stereotypes and ensuring children grow up with diverse role models.

    It’s time we make it completely normal for men to sing lullabies, lead story time, or soothe a baby, just as it is for women to play football or lead science activities. Everyone should be seen to do everything.

    The research, commissioned by the Department for Education, also shows that around a quarter of adults believe gender stereotypes (25%), fear of judgement or false accusations (25%) and social pressure to pursue more ‘masculine’ careers (24%) are major reasons why men are deterred from entering the sector. Yet there is strong public support for greater male representation in nurseries.

    Almost half of parents said their child’s nursery has no male staff, and parents highlighted the positive impact of having men in early years roles – from providing children with diverse role models to challenging harmful stereotypes early and showing that caring and teaching are careers for everyone.

    Strengthening the early years workforce and broadening diversity is central to delivering on the government’s promises to working parents to deliver the huge £7,500 cost saving from September, with a full 30 hours of government funded childcare each week during term time. The latest data shows the number of staff delivering entitlements in private, voluntary and independent nurseries has risen by 11,200, alongside an increase of 7,100 childminders.

    Interventions from financial incentives to a renewed recruitment drive will help ensure providers have the staff they need, families get the support they deserve and every child has the chance to thrive.

    DfE media enquiries

    Central newsdesk – for journalists 020 7783 8300

    Updates to this page

    Published 31 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: China’s Wushi County to Host 2 International Go Tournaments

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, July 31 (Xinhua) — Two international invitational Go (Chinese name Weiqi) tournaments will be held from Aug. 4 to 6 in Wushi County, Aksu Prefecture, northwest China’s Xinjiang Uygur Autonomous Region, the prefectural government said.

    The upcoming competition will bring together 10 teams of Go players from eight countries, namely China, Kazakhstan, Kyrgyzstan, Uzbekistan, Russia, Mongolia, Vietnam and Laos.

    On the sidelines of the sporting events, the Chinese side is expected to sign strategic cooperation agreements in the field of go with Kyrgyzstan and Kazakhstan.

    The two events are aimed at promoting cultural exchanges between participating countries, local authorities said. -0-

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: Lithuanian Prime Minister Resigns

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    VILNIUS, July 31 (Xinhua) — Lithuanian Prime Minister Gintautas Paluckas on Thursday announced his resignation as head of the country’s government and chairman of the Social Democratic Party of Lithuania.

    “I have informed the President… that I have decided to resign from the post of Prime Minister,” G. Paluckas said in a statement.

    The resignation came ahead of a planned vote by the party’s executive council and followed a warning from the speaker of the Seimas (parliament) and leader of the Union of Democrats “For Lithuania” Saulius Skvernelis, who threatened to withdraw his party from the coalition government if Paluckas remained in his post.

    According to the Constitution of Lithuania, the entire cabinet of ministers will resign along with the prime minister.

    Lithuanian President Gitanas Nauseda on Thursday welcomed the resignation of G. Paluckas, calling the decision “the only right choice.”

    G. Paluckas’ resignation from the post of the head of government comes amid an investigation into his financial transactions and alleged improper involvement in business, connections with certain businessmen and failure to compensate for damages caused to the Vilnius municipality.

    G. Paluckas, however, denied any wrongdoing and called the criticism a “coordinated attack” by political opponents. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: Thailand adjusts EV subsidy program to boost exports

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BANGKOK, July 31 (Xinhua) — The Thai government on Wednesday approved adjustments to the country’s key incentive programs to encourage manufacturers to boost exports of battery electric vehicles (BEVs), a move aimed at bolstering the country’s position as a regional EV manufacturing hub.

    Manufacturers participating in the EV subsidy program, which started in 2022, are required to produce electric vehicles domestically as compensation for receiving subsidies and exemption from import duties.

    Under the revised terms, one BEV produced for export will count as 1.5 vehicles under the local production quota, making it easier to meet production commitments.

    “The changes will allow for greater flexibility and help Thailand, already a leader in the region’s auto industry, become a key base for electric vehicle production,” said Narit Terdsteerasukdee, secretary general of the Thai Board of Investment (BOI).

    The adjustments to the program come as total investment in the country’s EV supply chain as of June reached 137.7 billion baht (about US$4.21 billion), the BOI said in a statement.

    The move is expected to boost Thailand’s EV exports to around 12,500 units in 2025 and 52,000 units in 2026.

    In the first half of 2025, the number of new BEV registrations increased by 52.4 percent year-on-year to reach 57,289 units, accounting for 15 percent of all new vehicle registrations in Thailand.

    To date, the Thai government has provided subsidies totaling more than 12 billion baht (approximately $367.82 million) for 175,064 BEVs and 34,559 electric motorcycles under the EV 3.0 and 3.5 subsidy programs. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI: SHARC Energy Ships SHARC WET Systems to US Government-Affiliated Project

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, July 31, 2025 (GLOBE NEWSWIRE) — SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the “Company”), a world leader in wastewater energy transfer (“WET”), is proud to announce the shipment of two SHARC 880 WET Systems to a U.S. government-affiliated project. Further information about the project will be released at a later stage.

    SHARC Energy’s Wastewater Energy Transfer technology continues to gain momentum in the United States and beyond. Most recently, SHARC Energy’s innovative systems were featured in a Wall Street Journal article spotlighting the emerging role of WET in sustainable infrastructure.

    This milestone shipment underscores the Company’s expanding influence and highlights the increasing adoption of WET solutions as cities and governments seek scalable, low-carbon alternatives for heating, cooling and potable hot water.

    For more information regarding SHARC Energy and its projects, please visit www.sharcenergy.com.

    About SHARC Energy
      
    SHARC International Systems Inc. is a world leader in energy recovery from the wastewater we send down the drain every day. SHARC Energy’s systems recycle thermal energy from wastewater, generating one of the most energy-efficient and economical systems for heating, cooling & hot water production for commercial, residential, and industrial buildings along with thermal energy networks, commonly referred to as “District Energy”.

    SHARC Energy is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA) and you can find out more on our SEDAR profile.

    Learn more about SHARC Energy: Website | Investor Page | LinkedIn | YouTube | PIRANHA | SHARC

    ON BEHALF OF THE BOARD

    Fred Andriano
    Chairman

    The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

    Forward-Looking Statements 

    Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified using words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC Energy’s actual results could differ materially from those anticipated in this forward-looking information because of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC Energy believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether because of new information, future events or otherwise, except as required by applicable securities legislation. 

    The MIL Network –

  • MIL-OSI: ACTFORE Secures Patent for Intelligent Data Extraction from Unstructured Documents, Revolutionizing Breach Response

    Source: GlobeNewswire (MIL-OSI)

    RESTON, Va., July 31, 2025 (GLOBE NEWSWIRE) — ACTFORE, a leading provider of AI-powered breach response and data mining solutions, announced today the company has been granted a patent from the United States Patent and Trademark Office for its proprietary technology enabling targeted data extraction from unstructured document sets, a first-of-its kind patent in the data mining industry.

    Unlike many industries, the data mining and breach response fields have historically lacked patentable innovations due to their reliance on human-driven workflows and off-the-shelf automation. ACTFORE’s achievement represents a major advancement in automated breach response workflows: the first recognized patent for precision data extraction designed specifically to efficiently and accurately extract sensitive data from massive, unstructured information environments following a breach.

    “This patent isn’t just a milestone for ACTFORE, but for the entire industry,” said CEO Christian Geyer. “In a space where most work is still done manually or through tedious and inaccurate workflows, we’ve introduced a scalable, intelligent solution that truly learns and adapts and can work alongside our team of onshore experts to create an approach that merges manual precision with deep learning to create a hybrid workflow that is both fast and legally defensible.”

    The patent, “Techniques for Targeted Data Extraction from Unstructured Sets of Documents”, refers to ACTFORE’S dynamic interface that allows operators to define “visual boxes” around regions of interest on a document page, then automatically propagate those selections across structurally similar files using deep learning and FAISS-based clustering. Paired with advanced optical character recognition (OCR), the system can extract high-fidelity text, even from scanned or non-machine-readable documents. This allows for targeted, scalable parsing with minimal redundancy and dramatically reduced review time.

    “We’ve essentially built a facial recognition system, but for document layouts,” said Yumna Zaidi, Innovations Team Lead at ACTFORE and Lead Inventor on the patent. “Our tech creates unique embedding vectors for each document structure, letting us match and process them with unprecedented speed and accuracy.”

    This combination of automation and expert-driven human review ensures that sensitive information such as names, account numbers, or health data can be extracted quickly, accurately, and consistently, even across large and messy data sets.

    “Data breaches happen in chaotic, inconsistent environments and ACTFORE is built to handle the complexity,” added Dhiraj Sharma, Senior Data Scientist and Co-Inventor. “By integrating the latest automation and data mining tools with human judgment, we’re able to respond more efficiently and accurately than traditional methods. That’s where this patent truly delivers value.”

    The platform supports a wide range of document types—including unstructured and semi-structured PDFs, images, and text files—and automatically preserves selected coordinates for batch processing at scale. This not only accelerates review but also ensures consistent, defensible results across complex, multi-jurisdictional engagements.

    “We didn’t just apply automation for the sake of speed. We designed a product that understands the complexity of each task and empowers humans to make better decisions, faster,” said Sanskriti Shivhare, Team Lead and Co-Inventor.

    This newly issued patent strengthens ACTFORE’s growing intellectual property portfolio and reflects its continued investment in transforming breach response through applied AI. As data breach volumes rise and regulatory timelines tighten, ACTFORE’s patented technology sets a new industry benchmark for intelligent, scalable remediation.

    About ACTFORE
    ACTFORE delivers advanced AI/ML-powered data mining solutions for legal counsel, insurance carriers, and corporations, specializing in swiftly detecting and uncovering compromised sensitive information in cyber breaches. Capable of processing over 1 million files per hour, ACTFORE’s on-premises, on-shore, technology-first approach offers the fastest and most accurate assessments, enabling clients to quickly understand the scope of exfiltration, mitigate risk, and make informed decisions about ransom payments. Clients maintain full control of their data through ACTFORE’s secure lab or local deployment options. Trusted by over 25 insurance carriers and 35 law firms, including premier Am Law 100 firms, ACTFORE sets the new standard in incident response and data forensics. For more information, please visit www.actfore.com.

    Press Contact:

    Gilda Safowaa
    Communications & Content Strategist
    240-482-9570
    Gilda.Safowaa@actfore.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6ab26563-863e-4323-9b45-45a6c178bd92

    The MIL Network –

  • MIL-OSI: ReconAfrica Provides a Corporate Update and Announces That the Kavango West 1X Well Has Started Drilling

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, July 31, 2025 (GLOBE NEWSWIRE) — Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces that the Kavango West 1X exploration well is currently drilling and provides a corporate update on ongoing operations.

    Kavango West 1X (Prospect I) – Well Spud on July 31st

    The Kavango West 1X exploration prospect spud on July 31st. The well is planned to reach total depth (TD) of approximately 3,800 metres (12,500 feet) by the end of November 2025 and is expected to penetrate over 1,500 metres of Otavi carbonate reservoir section, which is the primary target of the Damara Fold Belt play.   The prospect is a large structural fold identified on modern 2D seismic data, which extends over 22 kilometers long by 3 kilometers wide. The Company has identified over 19 prospects and four leads mapped in the Damara Fold Belt trend, with an additional 5.0 million acres captured in a recently executed Memorandum of Understanding in offsetting Angola. More information about the Damara Fold Belt Play, and the Kavango West 1X well, can be found in the Corporate Presentation available on the Company’s website.

    Brian Reinsborough, President and CEO stated: “We are pleased to announce that we have started drilling the Kavango West 1X well. This is an exciting time for everyone at the Company, our partners and stakeholders in Namibia and, of course, shareholders alike. Originally, the Kavango West 1X location was not scheduled to be the next well, but the location was reprioritized after the results of our last well, Naingopo. While this reprioritizing resulted in a slightly longer lead time to spud this location, the Company prioritizes rigorous technical appraisal with respect to location selection to ensure we have the best possible chance for commercial success. We think that the Kavango West 1X prospect represents our best opportunity in the Damara Fold Belt to unlock the potential of this play and we look forward to reporting results expected before year-end 2025.”

    Chris Sembritzky, SVP Exploration commented: “By utilizing our learnings from the Naingopo well, Kavango West 1X represents the best opportunity we have identified on seismic in the Damara Fold Belt play due to its size, hydrocarbon migration pathway and well defined four-way closure.  With our new subsurface learnings, highly experienced drilling crew and optimized, built for purpose drill bits, we believe that we have captured the best possible chance for drilling an efficient, safe and commercially successful well.”

    Corporate Update

    Due to our ongoing drilling activities, the previously announced 3D seismic program that had been scheduled for the second half of 2025 has been moved to the 2026 operating program.The Company is continually reviewing potential investment opportunities that may include acquisition of further acreage for exploration, development and producing properties and joint venture transactions that target acceleration of production and free cash flow, particularly due to the Company’s concentrated asset risk profile.

    Stock Option Grants

    As part of the annual compensation review, the Company has granted incentive stock options (the “Options”) to certain directors, officers, employees and consultants of the Company to acquire an aggregate of 6,960,000 common shares at an exercise price of $0.60 per share. The Options are exercisable for a five-year term expiring July 31, 2030, and will be subject to certain vesting provisions as determined by the Board of Directors of the Company in accordance with the Company’s Stock Option Plan. The Options granted to insiders are subject to restrictions on resale until November 30, 2025, in accordance with the policies of the TSX Venture Exchange.     

    About ReconAfrica

    ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia, southeastern Angola and northwestern Botswana, where the Company holds petroleum licences comprising ~13 million contiguous acres. In all aspects of its operations, ReconAfrica is committed to minimal disturbance of habitat in line with international standards and implementing environmental and social best practices in its project areas.

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

    For further information contact:

    Brian Reinsborough, President and Chief Executive Officer
    Mark Friesen, Managing Director, Investor Relations & Capital Markets

    IR Inquiries Email: investors@reconafrica.com

    Media Inquiries Email: media@reconafrica.com

    Cautionary Note Regarding Forward-Looking Statements:

    Certain statements contained in this press release constitute forward-looking information under applicable Canadian, United States and other applicable securities laws, rules and regulations, including, without limitation, statements with respect to the expected timing of spud of the Kavango West 1X well, the well being drilled to a planned total depth of approximately 3,800 metres (12,500 feet), timing to reach total depth of the well, the planning, timing and commencement of a 3D seismic program, identifying and capturing potential opportunities and the Company’s commitment to minimal disturbance of habitat, in line with best international standards and its implementation of environmental and social best practices in its project areas. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on ReconAfrica’s current belief or assumptions as to the outcome and timing of such future events. There can be no assurance that such statements will prove to be accurate, as the Company’s actual results and future events could differ materially from those anticipated in these forward-looking statements as a result of the factors discussed in the “Risk Factors” section in the Company’s annual information form (“AIF”) dated April 29, 2025 for the financial period ended December 31, 2024, available under the Company’s profile at www.sedarplus.ca. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to ReconAfrica. The forward-looking information contained in this release is made as of the date hereof and ReconAfrica undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

    The MIL Network –

  • MIL-OSI Africa: Burkina Faso: African Development Bank supports youth entrepreneurship in rural areas

    Source: APO – Report:

    The African Development Bank (www.AfDB.org) and the Government of Burkina Faso launched the third phase of the incubator program of the Support Project for Youth Employment and Skills Development in Rural Areas (PADEJ-MR in the French acronym) on July 15, 2025, in Ouagadougou, the capital of Burkina Faso.

    Ms. Franceline Kaboré, representing the country’s Minister of Sports, Youth, and Employment, and Ms. Mouna Diawara, Head of Operations both attended.

    The PADEJ-MR aims to promote the economic empowerment and resilience of young people in rural areas through entrepreneurship. The project, with a total cost of €13.62 million, mainly financed by a €12.25 million grant from the African Development Bank, has supported the establishment of an incubator mechanism providing practical training in financial education and safeguards, personalized coaching, and local technical support.

    The initiative aims to help young people convert their ideas into viable businesses in promising sectors such as agriculture, agri-food, services, crafts, and new technologies. In the third phase of the incubator program, 65 young people from the four regions covered by the Project are receiving support to help them prepare business plans that are eligible for financing.

    Ms. Franceline Kaboré commended the African Development Bank’s commitment to the PADEJ-MR. She noted that youth entrepreneurship is a national priority enshrined in the strategic vision of the government of Burkina Faso.

    Ms. Mouna Diawara emphasized that “the Project to Support Youth Employment and Skills Development in Rural Areas is a concrete and integrated response to the problem of youth unemployment in rural areas. The African Development Bank is ready to continue supporting Burkina Faso in its economic transformation efforts, with a particular focus on opportunities for young people and women.”

    Sévérine Lankouandé, speaking on behalf of the beneficiaries of the incubator, expressed gratitude to the government and to the African Development Bank for the opportunities that the incubator program had already provided. A cohort of young entrepreneurs have already received training that will enable them to launch transformative enteprises.

    – on behalf of African Development Bank Group (AfDB).

    Media contact:
    Department of Communication and External Relations
    media@afdb.org

    Media files

    .

    MIL OSI Africa –

  • MIL-OSI Africa: ‘Evolution of energy landscape’ requires deepening government, industry collaboration

    Source: Government of South Africa

    ‘Evolution of energy landscape’ requires deepening government, industry collaboration

    The success of South Africa’s energy transition depends, in part, on deepening and stronger collaboration between government and the renewable energy industry to fill out policy implementation gaps and drive investment.

    This according to Chief Executive Officer of the South African Wind Energy Association (SAWEA), Niveshen Govender, who participated in a panel discussion on the sidelines of the third G20 Energy Transitions Working Group (ETWG) meeting held in the North West.

    “From an industry perspective… there are a number of requirements that we have to work on with government to ensure that we implement. I think we are doing a good job… We have the energy one stop shop that is now a single point of access to all permitting. You have the Department of Energy and Electricity with a minister [Dr Kgosientsho Ramokgopa] who is very active in unblocking [challenges]. 

    “We have seen government’s readiness of market and allowing for business to come in, invest [and] implement on cost, on time – as quickly as possible – to get those electrons into place,” Govender said.

    He noted that the industry and government stand at the same point with a “lot of commonalities” between the two.

    “[This is] in terms of ensuring that we have access to energy per country, we have affordable energy to actually use, we have security of supply so we don’t go back to load shedding and we have sustainability in the long-term for reducing our carbon emissions.

    “The Minister [Dr Kgosientsho Ramokgopa] very succinctly articulated… the importance of the energy mix and the importance of renewable energy being central to the decarbonisation of that energy mix,” Govender said.

    However, despite these commonalities, misalignments still remain.

    “We have very good policies in South Africa, top tier policies. They give good direction and good guidance. It takes everything into consideration… for the people of South Africa to make sure that we’re leaving no one behind.

    “Where we do struggle is implementation of these policies. I think the biggest one of those is investor readiness. If you are not engaging industries, your readiness is going to [be impacted] as to what does the investor need to make that policy a reality,” the industry expert said.

    He described the current developmental pace of the industry as an “evolution of the energy landscape”.

    “We’ve moved from, essentially, the monopoly that Eskom was into public procurement of renewable energy and IPPs [Independent Power Producers]. Now we’re moving into bilateral agreements between these IPPs and… users. We’re even moving one step further into a liberalised energy market where you have traders and aggregators playing a role.

    “We see this evolution of the electricity space that’s changing how we do business. It’s changing how we look at the landscape and energy planning,” Govender said. – SAnews.gov.za

    NeoB

    MIL OSI Africa –

  • MIL-OSI Africa: Government launches project for investors in energy sector

    Source: Government of South Africa

    Government launches project for investors in energy sector

    As part of ongoing efforts to unlock infrastructure investments and strengthen the energy sector, government is calling on investors to invest in the country’s transmission infrastructure through the Independent Transmission Projects (ITPs) Programme.

    This initiative marks the first time private investment will be allowed in South Africa’s transmission infrastructure, paving the way for a faster rollout of new high-voltage power lines across the country.

    “This will support the efforts already underway by the National Transmission Company of South Africa to implement the Transmission Development Plan, which calls for more than 14 000 km of new lines to be built over the next decade.

    “The introduction of ITPs is a key objective of Operation Vulindlela Phase II and will play an important role in the broader reform of the energy system. This reform includes the introduction of a competitive electricity market, which will allow multiple generators and traders to compete to provide electricity to consumers at the lowest cost and with the greatest efficiency,” Deputy Minister of Finance Dr David Masondo said on Thursday.

    Addressing the launch of the Request for Pre-Qualifications for Independent Transmission Projects (ITPs) in Johannesburg, the Deputy Minister said the reform of the energy system is advancing rapidly, and its commitment remains unwavering. 

    “We will not allow any vested interests to delay or obstruct this reform process, including Eskom itself. Indeed, today’s release of the Request for Quotation (RFQ) demonstrates that government, led by [Electricity] Minister Dr [Kgosientsho] Ramokgopa and his team, is working hard to implement the reforms that are needed to ensure long-term energy security and expand access to affordable electricity for all South Africans.

    “National Treasury has supported this process through the design of a Credit Guarantee Vehicle, as an innovative mechanism to unlock private capital and complement public financing for infrastructure while minimising contingent liabilities,” he said.

    South Africa is faced with a significant infrastructure financing need. 

    It is estimated that South Africa’s infrastructure gap is around R3.5 to R4 trillion by 2025, or around R400 billion per annum. 

    “This substantial need calls for scaling up of public financing for infrastructure as well as crowding in private capital through public-private partnerships (PPP). The objective of the Credit Guarantee Vehicle is to mobilise and leverage private capital to address South Africa’s infrastructure financing gap by mitigating offtake risk for private investors. 

    “This vehicle will also support the efficient deployment of development partner funding under the Just Energy Transition Partnership (JETP) and the achievement of the country’s decarbonisation commitments,” the Deputy Minister said.

    While the Credit Guarantee Vehicle will focus on the initial phase on enabling investments in transmission infrastructure, it will be expanded into other areas such as logistics and water over time. 

    “The vehicle will be incorporated as a private company in South Africa, regulated by the Prudential Authority. It will operate as a standalone entity with an independent balance sheet and will target a minimum credit rating of AAA.

    “A professional executive management team and board of directors with relevant experience and expertise will be appointed to operate and manage the fund,” he said.

    The Credit Guarantee Vehicle will issue a combination of payment and termination guarantees to a Special Purpose Vehicle established for the project. 

    This will substantially derisk early investments in ITPs until the model has been proven and established.

    “We are targeting an initial capital raise of US$500 million for the vehicle, spread across a range of development partners. National Treasury has committed to providing first loss capital of 20%, which will be an initial US$100 million increasing to US$500 million (R9 billion) if needed.

    “In February 2025, the Minister of Finance [Enoch Godongwana] wrote to a range of development partners asking them to submit an expression of interest to invest in the vehicle. The responses received have been overwhelmingly positive, with 32 development partners engaged thus far,” the Deputy Minister said.

    Formal engagements with participating partners are continuing and will lead to the delivery of conditional equity participation commitment letters in the third quarter of 2025.

    This will enable the Credit Guarantee Vehicle to be operationalized by July 2026 to align with the first phase of ITP projects.

    “South Africa’s ITP programme, backed by credit guarantees, represents a globally innovative model which has been designed with our own context and needs in mind. 

    “It will not only result in massive new investment in infrastructure but will enable thousands of megawatts of new renewable energy capacity to be connected in areas where grid capacity is limited. This will support economic growth, create jobs, and power our economy into the future,” Masondo said. –SAnews.gov.za

    nosihle

    MIL OSI Africa –

  • MIL-OSI Africa: Labour 20 Summit places fairness under the spotlight 

    Source: Government of South Africa

    Labour 20 Summit places fairness under the spotlight 

    Employment and Labour Deputy Minister Jomo Sibiya has called for the dismantling of the misconception that competitiveness and fairness cannot co-exist in the global labour market.

    The Deputy Minister was delivering remarks at the Labour 20 (L20) South Africa 2025 Summit. 

    “Let us be clear: fair wages, decent work and strong social protection are not barriers to growth, but they are the foundations of resilient , future ready economies. The anticipated Employment Working Group declaration lays groundwork for these efforts.

    “It recognises that full and productive employment, adequacy and sustainability of social protection systems, wage settings mechanisms, grounded in rights and fairness, are essential to build a just and inclusive societies. It calls on all of us to expand formalisation and reverse decoupling of wages from productivity,” Sibiya said on Tuesday.

    The summit was held under the theme: ‘Fostering solidarity, equality and sustainability through a new social compact”.

    The L20 represents workers’ interests at the G20 level, bringing together trade union representatives from G20 countries and international trade union federations. It is coordinated by the International Trade Union Confederation (ITUC) and the Trade Union Advisory Committee (TUAC) of the Organisation for Economic Cooperation and Development (OECD). 

    The G20 labour component has also been active since the global financial crisis in 2008.

    Through its existence, L20 aims to ensure that the voices of workers are heard in discussions on issues of economic policies and labour rights. South Africa’s labour federations – Congress of South African Trade Unions (Cosatu),  Federation of Unions of South Africa (Fedusa), National Council of Trade Unions (Nactu) and the South African Federation of Trade Unions Saftu – attended the summit.

    Sibiya commended the L20’s commitment to tackling major labour market challenges, including inequality, declining real wages, and the shrinking labour income share of gross domestic product (GDP). 

    “The issues strike at the very heart of our societies and also manifest in growing hardship for working families, the erosion of social cohesion as well as pervasive sense among workers that growth is no longer working for them.

    “For the global south, the value of labour has been steadily diminishing. Productivity had risen but workers, particularly those at the lower end of the wage distribution, have not benefitted. The disconnect between the creation of wealth and its distribution is not only unjust, but also unsustainable.”

    Priorities 

    Sibiya said South Africa’s employment track has been anchored in four key priorities:
    •    Promoting inclusive growth and youth employment to ensure that every young person has access to a decent job.
    •    Accelerating gender equality in the workforce by addressing systemic barriers to women’s full and equal participation.
    •    Reversing the decline in labour income share, so that workers regain the dignified and fair share of the value they help to generate.
    •    Harnessing digitalisation to create an inclusive future of work rather than deepening the digital divide.

    “Genuine economic growth is closely tied to decent work. This calls for us to actively shape policies and institutions to achieve fair labour market results, necessitates establishing wage systems whether through legislation or collective bargaining that assure a living wage, alongside investment and social protection for life-long income, security and strengthen social dialogue to empower both workers and employers,” he said. 

    The importance of financial literacy among workers was also emphasised with the Deputy Minister saying there is a need to “capacitate workers of the world on how to take responsibility of their livelihood, making sure that they use their hard-earned salaries properly.” 

    He added that South Africa’s own experiences offered valuable lessons in addressing inequality and unemployment.
    According to Sibiya, social partners continue to play a vital role in shaping labour market reforms – this amidst structural constraints. 

    “We strongly believe that when working together as government with social partners that is where solutions can be found. Our work is far from over. We must recommend social justice in our economic strategies,” he said. 

    The L20 component engagements were also held alongside the 4th G20 Employment Working Group meeting held at Fancourt in George earlier this week. 

    The aim of the L20 session was to have a dialogue between trade unions and certain G20 labour and employment Ministers to discuss joint approaches to tackling inequality, fostering wage increases, and increasing the labour income share, as a key priority of this year’s employment track. – SAnews.gov.za

    DikelediM

    MIL OSI Africa –

  • MIL-OSI United Kingdom: TRA launches Trade Remedies Advisory Service

    Source: United Kingdom – Executive Government & Departments

    News story

    TRA launches Trade Remedies Advisory Service

    A new Trade Remedies Advisory Service will provide improved support for businesses navigating trade remedies investigations.

    The Trade Remedies Authority (TRA) has today (31 July) launched the Trade Remedies Advisory Service to provide support for UK businesses navigating trade remedies investigations.

    The service will build on support previously provided by the TRA’s Pre-Application Office, simplifying how businesses can bring a case to the TRA to investigate a potential trade injury. It also aims to increase engagement with small and medium enterprises. The new service will provide a simplified application and questionnaire process that makes it quicker and less onerous for new businesses who want to bring a case to TRA. It is being launched as part of the TRA’s work to make its investigations more accessible to case participants, as part of the 2025 Trade Strategy.

    TRA Chief Executives Jessica Blakely and Carmen Suarez said:

    We’re committed to ensuring that UK businesses of all sizes have the support they need to navigate trade remedies investigations effectively. The expanded Trade Remedies Advisory Service represents a significant step forward, moving to a more proactive engagement with industry throughout the entire case lifecycle. This change responds to feedback from businesses who told us they need more comprehensive guidance and ongoing support. By updating processes and expanding the specialist team, we’re committed to making it easier for companies to access support if they face unfair trading practices.

    The Trade Remedies Advisory Service increases support beyond traditional pre-application guidance. Assistance is now available from initial enquiries through to final determinations, with dedicated specialists for producers, importers and SMEs addressing sector-specific challenges. 

    Three strategic areas define the service’s enhanced capabilities:  

    • Clear guidance through webinars, factsheets and interactive workshops targeting diverse industry sectors.
    • Enhanced data monitoring to identify emerging trade concerns and industries requiring additional support.
    • Streamlined application procedures, interactive guidance tools and dedicated industry support.

    Feedback from industry stakeholders made it clear that ongoing support throughout a case’s lifecycle is vital, and this has directly influenced the redesign of the service. The expanded Trade Remedies Advisory Service team now includes additional specialists who recognise the needs of different interested parties, particularly SMEs. Regular drop-in sessions and process guidance workshops will also help stakeholders submit high-quality responses while freeing case teams to focus on core investigative functions.

    A spokesperson from a UK producer who has been involved in a TRA investigation said:

    Today’s announcement is a much-needed step to ensure every business, especially our small and medium-sized enterprises, can grow and prosper. We understand, first-hand, how daunting a TRA investigation can appear , and the enhanced function will be instrumental in guiding businesses through the process to ensure their voice is heard. We also welcome their commitment to using data to identify industries at risk and potentially requiring trade measures. This will be essential if we are to safeguard British businesses from unfair international trading practices in the future.

    This change represents a strategic shift from reactive assistance to proactive engagement with industries involved in trade remedies investigations, helping the TRA support businesses in adjusting to the current turbulent global trading picture. 

    Any UK producer that  believes they are being harmed by unfair overseas trading practices can contact the TRA for guidance and support. The TRA’s Trade Remedies Advisory Service can be contacted on:  contact@traderemedies.gov.uk.

    Background information

    • As an independent body operating at arm’s length from the Department for Business & Trade, the TRA is guided in its work by its principles of proportionality, impartiality, transparency, and efficiency.
    • The TRA welcomes applications for trade remedies investigations from any business operating in the UK. Read our online guidance to find out more about how to apply and what information to provide.
    • The TRA’s Trade Remedies Advisory Service can be contacted on: contact@traderemedies.gov.uk. Previously known as the Pre-Application Office, it will provide support not only at the pre-application stage, but throughout the life of the case to interested parties who have questions about the TRA investigation process.

    Updates to this page

    Published 31 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Nations: 31 July 2025 Departmental update Redefining the HIV response in Africa through local production of medicines and diagnostics

    Source: World Health Organisation

    While Sub-Saharan Africa bears the highest HIV burden globally and is home to almost 65% of all people living with HIV, for decades, access to HIV treatment across the African region depended almost entirely on imports of lifesaving drugs and diagnostic tests manufactured thousands of miles away. 

    To boost supply chain resilience and regional self-reliance, WHO’s Global HIV, Hepatitis and Sexually Transmitted Infections Programmes Department, in collaboration with the Regulation and Prequalification Department, has been actively advocating for locally manufactured quality-assured medicines and diagnostics. This work is carried out in close partnership with countries, manufacturers in Africa and partners such as the Global Fund and Unitaid. 

    In 2023, Universal Corporation Ltd (UCL), a Kenya-based pharmaceutical company led by Mr Palu Dhanani, became the first African manufacturer to receive WHO prequalification to produce tenofovir disoproxil fumarate, lamivudine and dolutegravir (TLD), a WHO-recommended first-line antiretroviral therapy for HIV infection.

    “Local production of quality-assured health products is an urgent priority. With every African manufacturer that meets WHO prequalification standards, we move closer to a more self-reliant, resilient, and equitable health system. Regulation and prequalification are not just technical processes; they are catalysts for health sovereignty and timely access to lifesaving medicines and diagnostics,” said Dr Rogerio Gaspar, WHO Director for Regulation and Prequalification.

    A first for the continent

    As recently announced, the Global Fund now procures UCL’s TLD for Mozambique, marking the first time TLD is manufactured on African soil. This milestone reflects ongoing collaboration between WHO and the Global Fund to support essential HIV services, through the NextGen market shaping approach.

    “The procurement of the African-manufactured first-line HIV treatment by the Global Fund for Mozambique is a great milestone towards strengthening supply chain systems in Africa. This will contribute to better health outcomes for people living with HIV who need uninterrupted medicine supplies,” said Dr Meg Doherty, Director of WHO’s Global HIV, Hepatitis and STIs Programmes.  

    However, production alone isn’t enough. To ensure sustainable and resilient supply chains, critical enablers are needed, such as advanced market commitments, fair procurement policies and continued technical support.

    WHO shares the vision of a world where every region has the capacity to secure its own health. Locally manufactured TLD is a major step towards that goal, but more action is needed. African manufacturers should be prioritized in global supply chains, and  guaranteed equitable access to health technologies that meet quality, safety and efficacy/performance standards.

    HIV testing: another critical frontline

    HIV testing is a critical health service and a vital gateway to both prevention and treatment. With current shifts in donor funding, many countries are facing financial strain, putting testing programmes at risk. Keeping people living with HIV on treatment is important and requires affordable and reliable access to HIV rapid tests. 

    WHO is urging governments to shift towards low-cost, quality-assured HIV rapid tests, especially the first test in their national testing algorithms, for significant cost savings. 

    Codix Bio, a Nigerian in-vitro diagnostics company, has received a sublicense to manufacture rapid diagnostic tests (RDTs), with an initial focus on RDTs for HIV, using technology transferred from the global in-vitro diagnostics company SD Biosensor. Thanks to the collaborative efforts of WHO’s Health Technology Access Programme and the Medicines Patent Pool, this new local manufacture of HIV RDTs will improve access to affordable diagnostic tests and help mitigate disruptions of HIV testing services.

    “Having locally produced HIV RDTs will help increase affordability, and more broadly address supply chain vulnerabilities and delays in access to diagnostics,” said Dr Meg Doherty, Director of WHO’s Global HIV, Hepatitis and STIs Programmes.

    In addition to switching to low-cost quality-assured HIV tests, WHO encourages countries to use HIV self-tests to mitigate gaps in human resources for health as well as stockouts for the first RDT in national algorithms.

    MIL OSI United Nations News –

  • MIL-OSI USA: Personal Income and Outlays, June 2025

    Source: United States Bureau of Economic Analysis

    Personal income increased $71.4 billion (0.3 percent at a monthly rate) in June, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $61.0 billion (0.3 percent) and personal consumption expenditures (PCE) increased $69.9 billion (0.3 percent).

    Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $69.5 billion in June. Personal saving was $1.01 trillion in June and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.5 percent.

    The increase in current-dollar personal income in June primarily reflected increases in government social benefits to persons and in compensation. 

    The $69.9 billion increase in current-dollar PCE reflected increases of $40.1 billion in spending on services and $29.9 billion in spending on goods.

    From the preceding month, the PCE price index for June increased 0.3 percent. Excluding food and energy, the PCE price index also increased 0.3 percent.

    From the same month one year ago, the PCE price index for June increased 2.6 percent. Excluding food and energy, the PCE price index increased 2.8 percent from one year ago.

    Personal Income and Related Measures
    [Percent change from May to June]
    Current-dollar personal income 0.3
    Current-dollar disposable personal income 0.3
    Real disposable personal income 0.0
    Current-dollar personal consumption expenditures (PCE) 0.3
    Real PCE 0.1
    PCE price index 0.3
    PCE price index, excluding food and energy 0.3
    For definitions, statistical conventions, updates to PIO, and more, visit “Additional Information.”

    Next release: August 29, 2025, at 8:30 a.m. EDT
    Personal Income and Outlays, July 2025

    Technical Notes

    Changes in Personal Income and Outlays for June

    The increase in personal income in June primarily reflected increases in government social benefits to persons and in compensation.

    • The increase in government social benefits to persons was led by Social Security payments, based on data from the Social Security Administration and the Monthly Treasury Statement.
    • The increase in compensation reflected increases of $10.9 billion in government wages and salaries, $10.8 billion in supplements (mainly employer contributions for employee pension and insurance funds), and $6.3 billion in private wages and salaries, based on data from the Bureau of Labor Statistics (BLS) Current Employment Statistics (CES). Wages and salaries in goods-producing industries increased $4.5 billion. Wages and salaries in services‑producing industries increased $1.9 billion.

    Revisions to Personal Income

    Estimates have been updated for April and May. Revisions to compensation reflect updated BLS CES data. Within personal income receipts on assets, personal dividend income was revised up, reflecting an updated sample of dividends paid by publicly traded companies. Within government social benefits, Medicaid was revised up, reflecting Monthly Treasury Statement data.

    MIL OSI USA News –

  • MIL-OSI: Vivakor Confirms Special Dividend of Adapti, Inc. Record Date Set for August 20, 2025

    Source: GlobeNewswire (MIL-OSI)

    Dallas, TX, July 31, 2025 (GLOBE NEWSWIRE) — Vivakor, Inc. (Nasdaq: VIVK) (“Vivakor” or the “Company”), an integrated provider of energy transportation, storage, reuse, and remediation service, today announced the record date of August 20, 2025 for its previously disclosed plan to issue a special dividend to Vivakor shareholders.

    Vivakor currently holds 206,595 (approximately 13.5% of the outstanding common) shares of Adapti, Inc. (OTCID: ADTI), a company that manages the marketing of products, data and companies through its AdaptAI software platform that leverages advanced AI technology to match products and brands with influencers to attempt to generate superior marketing results.

    Based on Vivakor’s current shares outstanding of approximately 47,297,347 and excluding 20,963,229 shares held by the Company’s Chief Executive Officer and former Chief Financial Officer who waived their right to the dividend, each Vivakor shareholder will be entitled to receive approximately 0.0079 shares of Adapti, Inc. common stock per Vivakor share. Based on the current $3.50 share price of Adapti’s common stock, the special dividend is currently valued at approximately $0.75 million.

    Adapti, Inc., formerly known as Scepter Holdings, Inc., filed its Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC) in September 2024 and has since become a mandatory SEC reporting company. Adapti, Inc. filed its Annual Report on 10K for the period ended March 31, 2025 on July 3, 2025.

    The Ballengee Group, LLC, a Dallas-based baseball sports management agency which represents approximately 200 professional athletes, an entity previously controlled by Vivakor’s Chief Executive Officer, Mr. James Ballengee, was acquired by Adapti, Inc. on July 14, 2025. Additional information regarding this transaction can be found in Adapti, Inc.’s filings with the SEC.

    About Vivakor, Inc.

    Vivakor, Inc. is an integrated provider of sustainable energy transportation, storage, reuse, and remediation services, operating one of the largest fleets of oilfield trucking services in the continental United States. Its corporate mission is to develop, acquire, accumulate, and operate assets, properties, and technologies in the energy sector. Vivakor’s integrated facilities assets provide crude oil and produced water gathering, storage, transportation, reuse, and remediation services under long-term contracts.

    Once operational, Vivakor’s oilfield waste remediation facilities will facilitate the recovery, reuse, and disposal of petroleum byproducts and oilfield waste products.

    For more information, please visit our website: http://vivakor.com

    Cautionary Statement Regarding Forward-Looking Statements

    This news release may contain forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements. Forward-looking statements may be identified but not limited by the use of the words “anticipates,” “expects,” “intends,” “plans,” “should,” “could,” “would,” “may,” “will,” “believes,” “estimates,” “potential,” or “continue” and variations or similar expressions. Our actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including, but not limited to, , the expected transaction and ownership structure, the valuation of the transaction, the likelihood and ability of the parties to successfully and timely consummate planned acquisitions, the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect Vivakor or the expected benefits of the such transaction, our ability to maintain the listing of our securities on The Nasdaq Capital Market, the parties failure to realize the anticipated benefits of pending transactions, disruption and volatility in the global currency, capital, and credit markets, changes in federal, local and foreign governmental regulation, changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks, our ability to successfully develop products, rapid change in our markets, changes in demand for our future products, and general economic conditions.

    These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in Vivakor’s filings with the U.S. Securities and Exchange Commission, which factors may be incorporated herein by reference. Actual results, performance or achievements may differ materially, and potentially adversely, from any projections and forward-looking statements and the assumptions on which those forward-looking statements are based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. All information set forth herein speaks only as of the date hereof in the case of information about Vivakor and the Endeavor Entities or the date of such information in the case of information from persons other than Vivakor and the Endeavor Entities, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. Forecasts and estimates regarding the Endeavor Entities industries and markets are based on sources we believe to be reliable; however, there can be no assurance these forecasts and estimates will prove accurate in whole or in part.

    Investors Contact:
    P:949-281-2606
    info@vivakor.com

    The MIL Network –