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Category: Russian Federation

  • MIL-OSI Russia: The government allocated 1.5 billion rubles to eliminate the consequences of the oil spill in the Kerch Strait

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    1.5 billion rubles have been allocated from the Government’s reserve fund to eliminate the consequences of the emergency situation related to the oil spill as a result of the tanker crash in the Kerch Strait on December 15, 2024. An order to this effect has been signed.

    The funds will be allocated to the Krasnodar Territory budget for liquidation activities, including work on the disposal and disposal of sand contaminated with fuel oil, and the restoration of beach areas.

    The corresponding decision was made at a meeting of the Government Commission for Coordinating Work to Eliminate the Consequences of the Oil Spill in the Kerch Strait. The issue of allocating funding was also considered and approved at the Government meeting on January 23.

    The document will be published.

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

    MIL OSI Russia News –

  • MIL-OSI: Microchip Technology Announces Financial Results for Second Quarter of Fiscal Year 2025

    Source: GlobeNewswire (MIL-OSI)

    • Net sales of $1.164 billion, down 6.2% sequentially and down 48.4% from the year ago quarter. The midpoint of our guidance provided on August 1, 2024 was net sales of $1.150 billion.
    • Revenue, gross profit and non-GAAP gross profit were positively impacted by a $13.3 million legal settlement. This settlement also positively impacted GAAP and non-GAAP EPS by $0.02 per diluted share.
    • On a GAAP basis: gross profit of 57.4%; operating income of $146.6 million and 12.6% of net sales; net income of $78.4 million; and EPS of $0.14 per diluted share. Our guidance provided on August 1, 2024 was for GAAP EPS of $0.10 to $0.14 per diluted share.
    • On a Non-GAAP basis: gross profit of 59.5%; operating income of $340.8 million and 29.3% of net sales; net income of $250.2 million; and EPS of $0.46 per diluted share. Our guidance provided on August 1, 2024 was for Non-GAAP EPS of $0.40 to $0.46 per diluted share.
    • Returned approximately $261.0 million to stockholders in the September quarter through dividends of $243.7 million and the repurchase of $17.3 million, or 0.2 million shares of our common stock, at an average price of $76.86 per share under our previously announced $4.0 billion stock buyback program. Cumulatively repurchased $2.444 billion, or 31.4 million shares, over the last twelve quarters.
    • Record quarterly dividend declared today for the December quarter of 45.5 cents per share, an increase of 3.6% from the year ago quarter.

    CHANDLER, Ariz., Nov. 05, 2024 (GLOBE NEWSWIRE) — (NASDAQ: MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today reported results for the three months ended September 30, 2024, as summarized in the table below.

      Three Months Ended September 30, 2024(1)
    Net sales $1,163.8      
      GAAP % Non-GAAP(2) %
    Gross profit $668.5 57.4% $692.9 59.5%
    Operating income $146.6 12.6% $340.8 29.3%
    Other expense $(55.1)   $(53.3)  
    Income tax provision $13.1   $37.3  
    Net income $78.4 6.7% $250.2 21.5%
    Net income per diluted share $0.14   $0.46  
             

    (1) In millions, except per share amounts and percentages of net sales.
    (2) See the “Use of Non-GAAP Financial Measures” section of this release.

    Net sales for the second quarter of fiscal 2025 were $1.164 billion, down 48.4% from net sales of $2.254 billion in the prior year’s second fiscal quarter.

    GAAP net income for the second quarter of fiscal 2025 was $78.4 million, or $0.14 per diluted share, down from GAAP net income of $666.6 million, or $1.21 per diluted share, in the prior year’s second fiscal quarter. For the second quarters of fiscal 2025 and fiscal 2024, GAAP net income was adversely impacted by amortization of acquired intangible assets associated with our previous acquisitions.

    Non-GAAP net income for the second quarter of fiscal 2025 was $250.2 million, or $0.46 per diluted share, down from non-GAAP net income of $889.3 million, or $1.62 per diluted share, in the prior year’s second fiscal quarter. For the second quarters of fiscal 2025 and fiscal 2024, our non-GAAP results exclude the effect of share-based compensation, cybersecurity incident expenses, other manufacturing adjustments, expenses related to our acquisition activities (including intangible asset amortization, severance, and other restructuring costs, and legal and other general and administrative expenses associated with acquisitions including legal fees and expenses for litigation and investigations related to our Microsemi acquisition), professional services associated with certain legal matters, and losses on the settlement of debt. For the second quarters of fiscal 2025 and fiscal 2024, our non-GAAP income tax expense is presented based on projected cash taxes for the applicable fiscal year, excluding transition tax payments under the Tax Cuts and Jobs Act. A reconciliation of our non-GAAP and GAAP results is included in this press release.

    Microchip announced today that its Board of Directors declared a record quarterly cash dividend on its common stock of 45.5 cents per share, up 3.6% from the year ago quarter. The quarterly dividend is payable on December 6, 2024 to stockholders of record on November 22, 2024.

    “Our September quarter results were consistent with our guidance, as we continued to navigate through an inventory correction that’s occurring in the midst of macro weakness for many manufacturing businesses, accentuated by heightened weakness in our European business which is concentrated with Industrial and Automotive customers,” said Ganesh Moorthy, President and Chief Executive Officer. “The ‘green shoots’ we saw in recent quarters have progressed unevenly with essentially flat sequential bookings, normalized cancellation rates and much higher expedite requests, which we believe are all positive signs for a potential bottom formation despite limited visibility.”

    Eric Bjornholt, Microchip’s Chief Financial Officer, said, “Our September quarter results reflect continued customer destocking efforts and sluggish end-market demand. We are maintaining strong cost discipline and balance sheet management while taking actions to ensure operational readiness for the anticipated market recovery.”

    Rich Simoncic, Microchip’s Chief Operating Officer, said, “Our Total System Solutions approach is driving strong execution and seeing growing adoption in AI-accelerated servers in the data center markets. Our PCIe switches, SSD controllers, CXL solutions, and associated power and timing products are key to continuing to strengthen our data center portfolio. With our expanding capabilities, we believe we are well-positioned to capitalize on opportunities in this growth market.”

    Mr. Moorthy concluded, “For the December quarter, we expect net sales between $1.025 billion and $1.095 billion. While substantial inventory destocking has occurred, we continue to face macro uncertainties in what is historically our seasonally weakest quarter. Our design-in momentum continues to remain strong, driven by our Total System Solutions strategy and key market megatrends.”

    Third Quarter Fiscal Year 2025 Outlook:

    The following statements are based on current expectations. These statements are forward-looking, and actual results may differ materially.

      Microchip Consolidated Guidance
    Net Sales $1.025 to $1.095 billion    
      GAAP Non-GAAP Adjustments(1) Non-GAAP(1)
    Gross Profit 56.2% to 58.1% $8.4 to $9.4 million 57.0% to 59.0%
    Operating Expenses(2) 49.1% to 51.4% $170.0 to $174.0 million 33.2% to 34.8%
    Operating Income 4.8% to 9.1% $178.4 to $183.4 million 22.2% to 25.8%
    Other Expense, net $69.3 to $69.7 million ($0.2) to $0.2 million $69.5 million
    Income Tax Provision $1.0 to $13.0 million(3) $12.6 to $21.1 million $22.1 to $25.6 million(4)
    Net Income (loss) ($21.1) to $16.5 million $157.0 to $170.9 million $135.9 to $187.4 million
    Diluted Common Shares Outstanding Approximately 537.3 to 543.0 million shares   Approximately 543.0 million shares
    Earnings (Loss) per Diluted Share ($0.04) to $0.03 $0.29 to $0.32 $0.25 to $0.35
           
    (1)  See the “Use of Non-GAAP Financial Measures” section of this release for information regarding our non-GAAP guidance.
    (2) We are not able to estimate the amount of certain Special Charges and Other, net that may be incurred during the quarter ending December 31, 2024. Therefore, our estimate of GAAP operating expenses excludes certain amounts that may be recognized as Special Charges and Other, net in the quarter ending December 31, 2024.
    (3) The forecast for GAAP tax expense excludes any unexpected tax events that may occur during the quarter, as these amounts cannot be forecasted.
    (4) Represents the expected cash tax rate for fiscal 2025, excluding any transition tax payments associated with the Tax Cuts and Jobs Act.
       

    Capital expenditures for the quarter ending December 31, 2024 are expected to be about $20 million. Capital expenditures for all of fiscal 2025 are expected to be about $150 million. We are selectively adding capital equipment to maintain, grow and operate our internal manufacturing capabilities to support the expected growth of our business.

    Under the GAAP revenue recognition standard, we are required to recognize revenue when control of the product changes from us to a customer or distributor. We focus our sales and marketing efforts on creating demand for our products in the end markets we serve and not on moving inventory into our distribution network. We also manage our manufacturing and supply chain operations, including our distributor relationships, towards the goal of having our products available at the time and location the end customer desires.

    Use of Non-GAAP Financial Measures:  Our non-GAAP adjustments, where applicable, include the effect of share-based compensation, cybersecurity incident expenses, other manufacturing adjustments, expenses related to our acquisition activities (including intangible asset amortization, severance, and other restructuring costs, and legal and other general and administrative expenses associated with acquisitions including legal fees and expenses for litigation and investigations related to our Microsemi acquisition), professional services associated with certain legal matters, and losses on the settlement of debt. For the second quarters of fiscal 2025 and fiscal 2024, our non-GAAP income tax expense is presented based on projected cash taxes for the fiscal year, excluding transition tax payments under the Tax Cuts and Jobs Act.

    We are required to estimate the cost of certain forms of share-based compensation, including employee stock options, restricted stock units, and our employee stock purchase plan, and to record a commensurate expense in our income statement. Share-based compensation expense is a non-cash expense that varies in amount from period to period and is affected by the price of our stock at the date of grant. The price of our stock is affected by market forces that are difficult to predict and are not within the control of management. Our other non-GAAP adjustments are either non-cash expenses, unusual or infrequent items, or other expenses related to transactions. Management excludes all of these items from its internal operating forecasts and models.

    We are using non-GAAP operating expenses in dollars, including non-GAAP research and development expenses and non-GAAP selling, general and administrative expenses, non-GAAP other expense, net, and non-GAAP income tax rate, which exclude the items noted above, as applicable, to permit additional analysis of our performance.

    Management believes these non-GAAP measures are useful to investors because they enhance the understanding of our historical financial performance and comparability between periods. Many of our investors have requested that we disclose this non-GAAP information because they believe it is useful in understanding our performance as it excludes non-cash and other charges that many investors feel may obscure our underlying operating results. Management uses non-GAAP measures to manage and assess the profitability of our business and for compensation purposes. We also use our non-GAAP results when developing and monitoring our budgets and spending. Our determination of these non-GAAP measures might not be the same as similarly titled measures used by other companies, and it should not be construed as a substitute for amounts determined in accordance with GAAP. There are limitations associated with using these non-GAAP measures, including that they exclude financial information that some may consider important in evaluating our performance. Management compensates for this by presenting information on both a GAAP and non-GAAP basis for investors and providing reconciliations of the GAAP and non-GAAP results.

    Generally, gross profit fluctuates over time, driven primarily by the mix of products sold and licensing revenue; variances in manufacturing yields; fixed cost absorption; wafer fab loading levels; costs of wafers from foundries; inventory reserves; pricing pressures in our non-proprietary product lines; and competitive and economic conditions. Operating expenses fluctuate over time, primarily due to net sales and profit levels.

    Diluted Common Shares Outstanding can vary for, among other things, the trading price of our common stock, the exercise of options or vesting of restricted stock units, the potential for incremental dilutive shares from our convertible debentures (additional information regarding our share count is available in the investor relations section of our website under the heading “Supplemental Financial Information”), and repurchases or issuances of shares of our common stock. The diluted common shares outstanding presented in the guidance table above assumes an average Microchip stock price in the December 2024 quarter between $75 and $85 per share (however, we make no prediction as to what our actual share price will be for such period or any other period and we cannot estimate what our stock option exercise activity will be during the quarter).

    MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (in millions, except per share amounts; unaudited)
     
      Three Months Ended September 30,   Six Months Ended September 30,
      2024   2023   2024   2023
    Net sales $ 1,163.8     $ 2,254.3     $ 2,405.1     $ 4,542.9  
    Cost of sales   495.3       726.9       999.7       1,457.1  
    Gross profit   668.5       1,527.4       1,405.4       3,085.8  
                   
    Research and development   240.7       292.6       482.4       591.1  
    Selling, general and administrative   157.0       196.6       307.5       400.2  
    Amortization of acquired intangible assets   122.7       151.4       245.7       302.9  
    Special charges and other, net   1.5       1.8       4.1       3.5  
    Operating expenses   521.9       642.4       1,039.7       1,297.7  
                   
    Operating income   146.6       885.0       365.7       1,788.1  
                   
    Other expense, net   (55.1 )     (51.4 )     (112.4 )     (106.2 )
    Income before income taxes   91.5       833.6       253.3       1,681.9  
    Income tax provision   13.1       167.0       45.6       348.9  
    Net income $ 78.4     $ 666.6     $ 207.7     $ 1,333.0  
                   
    Basic net income per common share $ 0.15     $ 1.23     $ 0.39     $ 2.45  
    Diluted net income per common share $ 0.14     $ 1.21     $ 0.38     $ 2.42  
                   
    Basic common shares outstanding   536.7       543.1       536.7       544.1  
    Diluted common shares outstanding   542.0       549.2       542.4       550.3  
                                   
    MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (in millions; unaudited)
     
    ASSETS
      September 30,   March 31,
      2024   2024
    Cash and short-term investments $ 286.1   $ 319.7
    Accounts receivable, net   1,044.3     1,143.7
    Inventories   1,339.6     1,316.0
    Other current assets   235.5     233.6
    Total current assets   2,905.5     3,013.0
           
    Property, plant and equipment, net   1,171.2     1,194.6
    Other assets   11,545.6     11,665.6
    Total assets $ 15,622.3   $ 15,873.2
           
    LIABILITIES AND STOCKHOLDERS’ EQUITY
           
    Accounts payable and accrued liabilities $ 1,339.4   $ 1,520.0
    Current portion of long-term debt   1,946.3     999.4
    Total current liabilities   3,285.7     2,519.4
           
    Long-term debt   4,476.6     5,000.4
    Long-term income tax payable   590.4     649.2
    Long-term deferred tax liability   29.8     28.8
    Other long-term liabilities   963.9     1,017.6
           
    Stockholders’ equity   6,275.9     6,657.8
    Total liabilities and stockholders’ equity $ 15,622.3   $ 15,873.2
               
    MICROCHIP TECHNOLOGY INCORPORATED AND SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP MEASURES
    (in millions, except per share amounts and percentages; unaudited)
     
    RECONCILIATION OF GAAP GROSS PROFIT TO NON-GAAP GROSS PROFIT
      Three Months Ended September 30,   Six Months Ended September 30,
      2024   2023   2024   2023
    Gross profit, as reported $ 668.5     $ 1,527.4     $ 1,405.4     $ 3,085.8  
    Share-based compensation expense   4.3       7.4       10.9       14.2  
    Cybersecurity incident expenses   20.1       —       20.1       —  
    Non-GAAP gross profit $ 692.9     $ 1,534.8     $ 1,436.4     $ 3,100.0  
    GAAP gross profit percentage   57.4 %     67.8 %     58.4 %     67.9 %
    Non-GAAP gross profit percentage   59.5 %     68.1 %     59.7 %     68.2 %
                                   
    RECONCILIATION OF GAAP RESEARCH AND DEVELOPMENT EXPENSES TO NON-GAAP RESEARCH AND DEVELOPMENT EXPENSES
      Three Months Ended September 30,   Six Months Ended September 30,
      2024   2023   2024   2023
    Research and development expenses, as reported $ 240.7     $ 292.6     $ 482.4     $ 591.1  
    Share-based compensation expense   (26.9 )     (23.7 )     (50.2 )     (46.6 )
    Other adjustments   —       (0.2 )     —       (0.4 )
    Non-GAAP research and development expenses $ 213.8     $ 268.7     $ 432.2     $ 544.1  
    GAAP research and development expenses as a percentage of net sales   20.7 %     13.0 %     20.1 %     13.0 %
    Non-GAAP research and development expenses as a percentage of net sales   18.4 %     11.9 %     18.0 %     12.0 %
                                   
    RECONCILIATION OF GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES TO NON-GAAP SELLING, GENERAL AND ADMINISTRATIVE EXPENSES
      Three Months Ended September 30,   Six Months Ended September 30,
      2024   2023   2024   2023
    Selling, general and administrative expenses, as reported $ 157.0     $ 196.6     $ 307.5     $ 400.2  
    Share-based compensation expense   (15.1 )     (14.3 )     (29.2 )     (29.1 )
    Cybersecurity incident expenses   (1.3 )     —       (1.3 )     —  
    Other adjustments   (2.1 )     (0.6 )     (3.4 )     0.5  
    Professional services associated with certain legal matters   (0.2 )     (0.3 )     (0.7 )     (0.8 )
    Non-GAAP selling, general and administrative expenses $ 138.3     $ 181.4     $ 272.9     $ 370.8  
    GAAP selling, general and administrative expenses as a percentage of net sales   13.5 %     8.7 %     12.8 %     8.8 %
    Non-GAAP selling, general and administrative expenses as a percentage of net sales   11.9 %     8.0 %     11.3 %     8.2 %
                                   
    RECONCILIATION OF GAAP OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES
      Three Months Ended September 30,   Six Months Ended September 30,
      2024   2023   2024   2023
    Operating expenses, as reported $ 521.9     $ 642.4     $ 1,039.7     $ 1,297.7  
    Share-based compensation expense   (42.0 )     (38.0 )     (79.4 )     (75.7 )
    Cybersecurity incident expenses   (1.3 )     —       (1.3 )     —  
    Other adjustments   (2.1 )     (0.8 )     (3.4 )     0.1  
    Professional services associated with certain legal matters   (0.2 )     (0.3 )     (0.7 )     (0.8 )
    Amortization of acquired intangible assets(1)   (122.7 )     (151.4 )     (245.7 )     (302.9 )
    Special charges and other, net   (1.5 )     (1.8 )     (4.1 )     (3.5 )
    Non-GAAP operating expenses $ 352.1     $ 450.1     $ 705.1     $ 914.9  
    GAAP operating expenses as a percentage of net sales   44.8 %     28.5 %     43.2 %     28.6 %
    Non-GAAP operating expenses as a percentage of net sales   30.3 %     20.0 %     29.3 %     20.1 %
                                   

    (1) Amortization of acquired intangible assets consists of core and developed technology and customer-related acquired intangible assets in connection with business combinations. Such charges are excluded for purposes of calculating certain non-GAAP measures.

    RECONCILIATION OF GAAP OPERATING INCOME TO NON-GAAP OPERATING INCOME
      Three Months Ended September 30,   Six Months Ended September 30,
      2024   2023   2024   2023
    Operating income, as reported $ 146.6     $ 885.0     $ 365.7     $ 1,788.1  
    Share-based compensation expense   46.3       45.4       90.3       89.9  
    Cybersecurity incident expenses   21.4       —       21.4       —  
    Other adjustments   2.1       0.8       3.4       (0.1 )
    Professional services associated with certain legal matters   0.2       0.3       0.7       0.8  
    Amortization of acquired intangible assets(1)   122.7       151.4       245.7       302.9  
    Special charges and other, net   1.5       1.8       4.1       3.5  
    Non-GAAP operating income $ 340.8     $ 1,084.7     $ 731.3     $ 2,185.1  
    GAAP operating income as a percentage of net sales   12.6 %     39.3 %     15.2 %     39.4 %
    Non-GAAP operating income as a percentage of net sales   29.3 %     48.1 %     30.4 %     48.1 %
                                   

    (1) Amortization of acquired intangible assets consists of core and developed technology and customer-related acquired intangible assets in connection with business combinations. Such charges are excluded for purposes of calculating certain non-GAAP measures. The use of acquired intangible assets contributed to our revenues earned during the periods presented.

    RECONCILIATION OF GAAP OTHER EXPENSE, NET TO NON-GAAP OTHER EXPENSE, NET
      Three Months Ended September 30,   Six Months Ended September 30,
      2024   2023   2024   2023
    Other expense, net, as reported $ (55.1 )   $ (51.4 )   $ (112.4 )   $ (106.2 )
    Loss on settlement of debt   —       3.1       —       12.2  
    Loss on available-for-sale investments   1.8       —       1.8       —  
    Non-GAAP other expense, net $ (53.3 )   $ (48.3 )   $ (110.6 )   $ (94.0 )
    GAAP other expense, net, as a percentage of net sales (4.7) %   (2.3) %   (4.7) %   (2.3) %
    Non-GAAP other expense, net, as a percentage of net sales (4.6) %   (2.1) %   (4.6) %   (2.1) %
                   
    RECONCILIATION OF GAAP INCOME TAX PROVISION TO NON-GAAP INCOME TAX PROVISION
      Three Months Ended September 30,   Six Months Ended September 30,
      2024   2023   2024   2023
    Income tax provision as reported $ 13.1     $ 167.0     $ 45.6     $ 348.9  
    Income tax rate, as reported   14.3 %     20.0 %     18.0 %     20.7 %
    Other non-GAAP tax adjustment   24.2       (19.9 )     35.0       (52.4 )
    Non-GAAP income tax provision $ 37.3     $ 147.1     $ 80.6     $ 296.5  
    Non-GAAP income tax rate   13.0 %     14.2 %     13.0 %     14.2 %
                                   
    RECONCILIATION OF GAAP NET INCOME AND GAAP DILUTED NET INCOME PER COMMON SHARE TO NON-GAAP NET INCOME AND NON-GAAP DILUTED NET INCOME PER COMMON SHARE
      Three Months Ended September 30,   Six Months Ended September 30,
      2024   2023   2024   2023
    Net income, as reported $ 78.4     $ 666.6     $ 207.7     $ 1,333.0  
    Share-based compensation expense   46.3       45.4       90.3       89.9  
    Cybersecurity incident expenses   21.4       —       21.4       —  
    Other adjustments   2.1       0.8       3.4       (0.1 )
    Professional services associated with certain legal matters   0.2       0.3       0.7       0.8  
    Amortization of acquired intangible assets   122.7       151.4       245.7       302.9  
    Special charges and other, net   1.5       1.8       4.1       3.5  
    Loss on settlement of debt   —       3.1       —       12.2  
    Loss on available-for-sale investments   1.8       —       1.8       —  
    Other non-GAAP tax adjustment   (24.2 )     19.9       (35.0 )     52.4  
    Non-GAAP net income $ 250.2     $ 889.3     $ 540.1     $ 1,794.6  
    GAAP net income as a percentage of net sales   6.7 %     29.6 %     8.6 %     29.3 %
    Non-GAAP net income as a percentage of net sales   21.5 %     39.4 %     22.5 %     39.5 %
    Diluted net income per common share, as reported $ 0.14     $ 1.21     $ 0.38     $ 2.42  
    Non-GAAP diluted net income per common share $ 0.46     $ 1.62     $ 1.00     $ 3.26  
    Diluted common shares outstanding, as reported   542.0       549.2       542.4       550.3  
    Diluted common shares outstanding non-GAAP   542.0       549.2       542.4       550.3  
                                   
    RECONCILIATION OF GAAP CASH FLOW FROM OPERATIONS TO FREE CASH FLOW
      Three Months Ended September 30,   Six Months Ended September 30,
      2024   2023   2024   2023
    GAAP cash flow from operations, as reported $ 43.6     $ 616.2     $ 420.7     $ 1,609.4  
    Capital expenditures   (20.8 )     (74.4 )     (93.7 )     (185.5 )
    Free cash flow $ 22.8     $ 541.8     $ 327.0     $ 1,423.9  
    GAAP cash flow from operations as a percentage of net sales   3.7 %     27.3 %     17.5 %     35.4 %
    Free cash flow as a percentage of net sales   2.0 %     24.0 %     13.6 %     31.3 %
                                   

    Microchip will host a conference call today, November 5, 2024 at 5:00 p.m. (Eastern Time) to discuss this release. This call will be simulcast over the Internet at www.microchip.com. The webcast will be available for replay until November 26, 2024.

    A telephonic replay of the conference call will be available at approximately 8:00 p.m. (Eastern Time) on November 5, 2024 and will remain available until 5:00 p.m. (Eastern Time) on November 26, 2024. Interested parties may listen to the replay by dialing 201-612-7415/877-660-6853 and entering access code 13747161.

    Cautionary Statement:

    The statements in this release relating to continuing to navigate through an inventory correction, macro weakness for many manufacturing businesses, heightened weakness in our European business, that the green shoots we saw in recent quarters have progressed unevenly, our belief that these are all positive signs for a potential bottom formation despite limited visibility, that we are maintaining strong cost discipline and balance sheet management while taking actions to ensure operational readiness for the anticipated market recovery, that our Total System Solutions approach is driving strong execution and seeing growing adoption in AI-accelerated servers in the data center markets, that our PCIe switches, SSD controllers, CXL solutions, and associated power and timing products are key to continuing to strengthen our data center portfolio, that we believe we are well-positioned to capitalize on opportunities in this growth market, that for the December quarter we expect net sales between $1.025 billion and $1.095 billion, that we continue to face macro uncertainties in what is historically our seasonally weakest quarter, that our design-in momentum continues to remain strong, driven by our Total System Solutions strategy and key market megatrends, our third quarter fiscal 2025 guidance for net sales and GAAP and non-GAAP gross profit, operating expenses, operating income, other expense, net, income tax provision, net income, diluted common shares outstanding, earnings per diluted share, capital expenditures for the December 2024 quarter and for all of fiscal 2025, selectively adding capital equipment to maintain, grow and operate our internal manufacturing capabilities to support the expected growth of our business, our belief that non-GAAP measures are useful to investors and our assumed average stock price in the December 2024 quarter are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause our actual results to differ materially, including, but not limited to: any continued uncertainty, fluctuations or weakness in the U.S. and world economies (including China and Europe) due to changes in interest rates, high inflation or the impact of the COVID-19 pandemic (including lock-downs in China), actions taken or which may be taken by the Biden administration or the U.S. Congress, monetary policy, political, geopolitical, trade or other issues in the U.S. or internationally (including the military conflicts in Ukraine-Russia and the Middle East and the outcome of the U.S. elections in November), further changes in demand or market acceptance of our products and the products of our customers and our ability to respond to any increases or decreases in market demand or customer requests to reschedule or cancel orders; the mix of inventory we hold, our ability to satisfy any short-term orders from our inventory and our ability to effectively manage our inventory levels; the impact that the CHIPS Act will have on increasing manufacturing capacity in our industry by providing incentives for us, our competitors and foundries to build new wafer manufacturing facilities or expand existing facilities; the amount and timing of any incentives we may receive under the CHIPS Act, the impact of current and future changes in U.S. corporate tax laws (including the Inflation Reduction Act of 2022 and the Tax Cuts and Jobs Act of 2017), foreign currency effects on our business; changes in utilization of our manufacturing capacity and our ability to effectively manage our production levels to meet any increases or decreases in market demand or any customer requests to reschedule or cancel orders; the impact of inflation on our business; competitive developments including pricing pressures; the level of orders that are received and can be shipped in a quarter; our ability to realize the expected benefits of our long-term supply assurance program; changes or fluctuations in customer order patterns and seasonality; our ability to effectively manage our supply of wafers from third party wafer foundries to meet any decreases or increases in our needs and the cost of such wafers, our ability to obtain additional capacity from our suppliers to increase production to meet any future increases in market demand; our ability to successfully integrate the operations and employees, retain key employees and customers and otherwise realize the expected synergies and benefits of our acquisitions; the impact of any future significant acquisitions or strategic transactions we may make; the costs and outcome of any current or future litigation or other matters involving our acquisitions (including the acquired business, intellectual property, customers, or other issues); the costs and outcome of any current or future tax audit or investigation regarding our business or our acquired businesses; fluctuations in our stock price and trading volume which could impact the number of shares we acquire under our share repurchase program and the timing of such repurchases; disruptions in our business or the businesses of our customers or suppliers due to natural disasters (including any floods in Thailand), terrorist activity, armed conflict, war, worldwide oil prices and supply, public health concerns or disruptions in the transportation system; and general economic, industry or political conditions in the United States or internationally.

    For a detailed discussion of these and other risk factors, please refer to Microchip’s filings on Forms 10-K and 10-Q. You can obtain copies of Forms 10-K and 10-Q and other relevant documents for free at Microchip’s website (www.microchip.com) or the SEC’s website (www.sec.gov) or from commercial document retrieval services.

    Stockholders of Microchip are cautioned not to place undue reliance on our forward-looking statements, which speak only as of the date such statements are made. Microchip does not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances or new information after this November 5, 2024 press release, or to reflect the occurrence of unanticipated events.

    About Microchip:

    Microchip Technology Incorporated is a leading provider of smart, connected and secure embedded control solutions. Its easy-to-use development tools and comprehensive product portfolio enable customers to create optimal designs, which reduce risk while lowering total system cost and time to market. Our solutions serve approximately 116,000 customers across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support along with dependable delivery and quality. For more information, visit the Microchip website at www.microchip.com.

    Note: The Microchip name and logo are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. All other trademarks mentioned herein are the property of their respective companies.

    INVESTOR RELATIONS CONTACT:
    Sajid Daudi — Head of Investor Relations….. (480) 792-7385

    The MIL Network –

  • MIL-OSI Australia: G7 and Partners Foreign Ministers Statement: 5 November 2024

    Source: Australian Government – Minister of Foreign Affairs

    We, the Foreign Ministers of Australia, Canada, France, Germany, Italy, Japan, Republic of Korea, New Zealand, the United Kingdom, the United States and the High Representative of the European Union express our grave concerns regarding the deployment of DPRK troops to Russia, potentially for the use on the battlefield against Ukraine.

    Several thousands of DPRK troops have been deployed to Russia. The DPRK’s direct support for Russia’s war of aggression against Ukraine, besides showing Russia’s desperate efforts to compensate its losses, would mark a dangerous expansion of the conflict, with serious consequences for European and Indo-Pacific peace and security. It would be a further breach of international law, including the most fundamental principles of the UN Charter.

    We condemn in the strongest possible terms the increasing military cooperation between the DPRK and Russia, including the DPRK’s export and Russia’s unlawful procurement of DPRK ballistic missiles in breach of multiple UN Security Council resolutions (UNSCRs), as well as Russia’s use of these missiles and munitions against Ukraine. DPRK soldiers receiving or providing any training or other assistance related to the use of ballistic missiles or arms is a direct violation of UN Security Council resolutions 1718, 1874 and 2270. We are also deeply concerned about the potential for any transfer of nuclear or ballistic missile-related technology from Russia to the DPRK in violation of the relevant UNSCRs. We urge the DPRK to stop providing assistance to Russia’s war of aggression.

    We reaffirm our unwavering commitment to support Ukraine as it defends its freedom, sovereignty, independence and territorial integrity. We are working with our international partners for a coordinated response to this new development.

    MIL OSI News –

  • MIL-OSI: Alaris Equity Partners Income Trust Releases 2024 Third Quarter Financial Results

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION IN THE UNITED STATES.

    FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.

    TSX-AD.UN

    CALGARY, Alberta, Nov. 05, 2024 (GLOBE NEWSWIRE) — Alaris Equity Partners Income Trust (together, as applicable, with its subsidiaries, “Alaris” or the “Trust“) is pleased to announce its results for the three and nine months ended September 30, 2024. The results are prepared in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board. All amounts below are in Canadian dollars unless otherwise noted.

    In January 2024, Alaris determined that it met the definition of an investment entity, as defined by IFRS 10, Consolidated financial statements. This change in status has fundamentally changed how Alaris prepares, presents and discusses its financial results relative to prior periods. IFRS requires that this change in accounting be made prospectively and as a result prior periods are not restated to reflect the change in Alaris’ investment entity status. Accordingly, the readers of this press release, Alaris’ third quarter interim MD&A and unaudited condensed consolidated interim financial statements should exercise significant caution in reviewing, considering, and drawing conclusions from period-to-period comparisons and changes, as the direct comparisons between dates or across periods can be inappropriate if not carefully considered in this context.

    Highlights:

    • For the three months ended September 30, 2024 Alaris generated $0.78 per unit of additional book value, improving this metric to $22.80;
    • For the three months ended September 30, 2024 the Trust, together with its wholly-owned subsidiaries (the “Acquisition Entities”), earned a total of $65.9 million of revenue, including, $65.4 million of Partner Distribution revenue net of foreign exchange, and $0.5 million of transaction fee income, which was ahead of previous guidance of $38.7 million, and compares to $47.2 million of Partner Revenue in Q3 2023, an increase of 40%;
      • Included in Partner Distribution revenue for the three months ended September 30, 2024, is $27.5 million of common Distributions, which included a one time distribution of US$5.1 million from Ohana Growth Partners LLC (“Ohana“) and US$14.7 million distribution from Fleet Advantage, LLC (“Fleet”). Common Distribution revenue for the nine months ended September 30, 2024 is $31.8 million, which for the second quarter in a row has outperformed the comparable period in the prior year by more than double. Alaris’ Run Rate Revenue (7) included in the outlook below has been increased to reflect overall higher expected annual common dividends from Partners of $19.4 million;
    • Alaris net distributable cash flow (6) for the nine months ended September 30, 2024 of $88.0 million or $1.93 per unit increased by 28%, from $68.6 million and $1.51 per unit in the nine months ended September 30, 2023 after adjusting the comparable period for non-recurring settlement and litigation costs that occurred in 2023;
    • The Actual Payout Ratio (2) for the Trust, based on Alaris net distributable cash flow (6) for the nine months ended September 30, 2024 was 53%;
    • The current weighted average combined Earnings Coverage Ratio (3) for Alaris’ Partners remains at approximately 1.5x with ten of nineteen Partners at 1.5x or above. In addition, eleven of our partners have either no debt or less than 1.0x Senior Debt to EBITDA on a trailing twelve-month basis;
    • During the quarter, the Trust, via the Acquisition Entities, invested approximately US$35 million into Ohana as a dividend recap in exchange for convertible preferred equity with a 14% yield fully paid-in-kind;
    • Subsequent to the quarter end, the Trust, via the Acquisition Entities, made a follow-on investment of US$10.0 million of additional preferred equity in Cresa LLC (“Cresa”), which has the same metrics as the initial preferred equity investment, bringing the total investment in Cresa to US$30.0 million. Following this transaction, the Trust has invested a total of approximately $139 million in the year.

    “In addition to highlighting the continued stability of Alaris’ portfolio and cash flow stream, the third quarter results continue to show the growing success and importance of our common equity portfolio. While some of this quarter’s common equity cash flow is non-recurring in nature, we are seeing more and more value from that strategy crystallizing into cash returns. Deployment activity is constructive for the end of the year and both interest rate cuts and US dollar strength provide us with tailwinds going into next year, ” said Steve King President and CEO.

    Results of Operations

    Note where the financial information for Q3 2024 is comparable to specific information from the prior period Q3 2023 condensed consolidated interim financial statements, amounts have been provided for comparative purposes. As noted above, users of this press release, interim management discussion and analysis and the unaudited condensed consolidated interim financial statements to which it relates should exercise significant caution in reviewing, considering and drawing conclusions from period-to-period comparisons and changes.

    Per Unit Results Three months ended Nine months ended
    Period ending September 30   2024   2023 % Change   2024   2023 % Change
    Partner related changes in net gain on Corporate Investment $ 2.16 $ 1.90 +13.7 % $ 4.11 $ 3.74 +9.9 %
    Adjusted EBITDA $ 1.98 $ 1.76 +12.5 % $ 3.62 $ 3.40 +6.5 %
    Alaris net distributable cashflow $ 0.72 $ 0.44 +63.6 % $ 1.93 $ 1.21 +59.5 %
    Adjusted earning per unit $ 1.37 $ 1.31 +4.6 % $ 2.35 $ 2.15 +9.3 %
    Weighted average basic units (000’s)   45,498   45,498     45,498   45,433  

    During the three months ended September 30, 2024, Partner related changes in net gain on Corporate Investments (5) per unit increased by 13.7% as compared to the three months ended September 30, 2023. During the current quarter common Partner Distribution revenue increased by more than 200%, primarily as a result of common Distributions received from Fleet of US$14.7 million, which was greater than their prior year Distribution of US$5.9 million, and a common Distribution received from Ohana of US$5.1 million, as compared to nil distribution received in Q3 2023. Partially offsetting this increase is a quarter over quarter decrease to the Net unrealized gain on partner investments of 16.3% to $33.0 million during the three months ended September 30, 2024. Q3 2024’s Net unrealized gain on Partner investments of $33.0 million is made up of notable increases to the fair value in Sono Bello, LLC (“Sono Bello“), Amur Financial Group Inc. (“Amur”), Fleet, Vehicle Leasing Holdings, LLC, dba D&M Leasing (“D&M”), and The Shipyard, LLC (“Shipyard”), which were partially offset by decreases to the fair value of Heritage Restoration, LLC (“Heritage”) and SCR Mining and Tunneling, LP (“SCR”). During the nine months ended September 30, 2024, Partner related changes in net gain on Corporate Investments (5) per unit increased by 9.9% as compared to the nine months ended September 30, 2023. This increase is reflective of increases in Partner Distribution revenue, partially offset by a lower net gain to the realized and unrealized fair value on Partner investments. Net realized gain on partner investments of $9.0 million and net unrealized gain of $32.4 million decreased in the nine months ended September 30, 2024 by 29.2% and 13.9%, respectively, as compared to the nine months ended September 30, 2023.

    For the three and nine months ended September 30, 2024, Adjusted EBITDA (1) per unit increased by 12.5% and 6.5%, respectively, as compared to the relative periods in 2023. Per unit increases are primarily due to higher Partner Distribution revenue. Partially offsetting these increases are decreases to the net realized and unrealized gain on Partner Investments relative to the comparable periods in 2023, and higher adjusted operating expenses; after non-reoccurring litigation and legal costs that were incurred in 2023 have been removed in the calculation Adjusted EBITDA (1).

    Alaris net distributable cashflow (6) provides a summary of third-party cash receipts, less operating cash outflows by the Trust in combination with the Acquisition Entities. Alaris net distributable cashflow (6) per unit increased by 63.6% in the three months ended September 30, 2024 and 59.5% in the nine months ended September 30, 2024, both as compared to the same periods in 2023. Period over period increases are due to the current periods higher common Distributions and lower cash taxes paid, all as compared to the relative periods in 2023. The nine months ended September 30, 2024 Alaris net distributable cashflow (6) is $88.0 million, after adjusting out non-recurring settlement and litigation costs of $13.7 million in the prior year, the nine months ended September 30, 2023 distributable cashflow amounts to $68.6 million, and results in an adjusted period over period increase of 28.3%.

    Adjusted earnings (10) per unit increased by 4.6% in the three months ended September 30, 2024 which is primarily driven by higher Partner related changes in net gain on Corporate Investments (5) as discussed above, and partially offset by higher total income tax expense in Q3 2024. The nine months ended September 30, 2024, Adjusted earnings (10) per unit increased by 9.3% which in addition to the changes listed for the three months ended September 30, 2024, is higher due to lower operating expenses during the nine months ended September 30, 2024 as compared to the prior year resulting from non-recurring litigation and legal costs incurred in 2023.

    Outlook

    During the three months ended September 30, 2024, the Trust, through its Acquisition Entities invested approximately $48 million, which was used to invest in convertible preferred units of Ohana. Subsequent to the quarter, Alaris invested an additional US$10.0 million into Cresa, bringing Alaris’ total investment in Cresa to US$30.0 million and as of the date of this MD&A the total invested during the year to approximately $139 million. These transactions are summarized in the outlook below, which includes Alaris’ Run Rate Revenue (7) for the next twelve months and is expected to be approximately $171 million. This includes current contracted amounts, an additional $1.2 million from LMS related to Distributions deferred in 2023 and an estimated $19.4 million of common dividends. In Q3 2024, the Trust together with its Acquisition Entities earned $65.9 million, $65.4 million in Partner Distributions net of foreign exchange and $0.5 million of third party transaction fee revenue, which was ahead of previous guidance of $38.7 million, primarily due to common distributions received from Fleet of $19.8 million, Ohana of $6.8 million and Amur of $0.5 million, as well as a higher realized foreign exchange rate on US denominated distributions. As with all common distributions, these distributions are not fixed or set in advance, but rather paid as declared and cashflow of partner permits. Alaris expects total revenue from its Partners in Q4 2024 of approximately $38.9 million.

    The Run Rate Cash Flow (8) table below outlines the Trust and its Acquisitions Entities combined expectation for Partners Distribution revenue, transaction fee revenue, general and administrative expenses, third party interest expense, tax expense and distributions to unitholders for the next twelve months. The Run Rate Cash Flow (8) is a forward looking supplementary financial measure and outlines the net cash from operating activities, less the distributions paid, that Alaris is expecting to generate over the next twelve months. The Trust’s method of calculating this measure may differ from the methods used by other issuers. Therefore, it may not be comparable to similar measures presented by other issuers.

    Run rate general and administrative expenses are currently estimated at $17.0 million and include all public company costs incurred by the Trust and its Acquisition Entities. The Trust’s Run Rate Payout Ratio (9) is expected to be within a range of 65% and 70% when including Run Rate Revenue (7), overhead expenses and its existing capital structure. The table below sets out our estimated Run Rate Cash Flow (8) as well as the after-tax impact of positive net investment, the impact of every 1% increase in Secure Overnight Financing Rate (“SOFR”) based on current outstanding USD debt and the impact of every $0.01 change in the USD to CAD exchange rate.

    Alaris’ financial statements and MD&A are available on SEDAR+ at www.sedarplus.ca and on our website at www.alarisequitypartners.com.

    Run Rate Cash Flow ($ thousands except per unit) Amount ($) $ / Unit
    Run Rate Revenue, Partner Distribution revenue $ 171,300   $ 3.77  
    General and administrative expenses   (17,000 )   (0.37 )
    Third party Interest and taxes     (57,100 )   (1.26 )
    Net cash from operating activities $ 97,200   $ 2.14  
    Distributions paid     (61,900 )   (1.36 )
    Run Rate Cash Flow   $ 35,300   $ 0.78  
           
    Other considerations (after taxes and interest):    
    New investments Every $50 million deployed @ 14%   +2,426     +0.05  
    Interest rates Every 1.0% increase in SOFR   -2,600     -0.06  
    USD to CAD Every $0.01 change of USD to CAD   +/- 900     +/- 0.02  


    Earnings Release Date and Conference Call Details

    Alaris management will host a conference call at 9am MT (11am ET), Wednesday, November 6, 2024 to discuss the financial results and outlook for the Trust.

    Participants must register for the call using this link: Q3 2024 Conference Call. Pre-register to receive the dial-in numbers and unique PIN to access the call seamlessly. It is recommended that you join 10 minutes prior to the event start (although you may register and dial in at any time during the call). Participants can access the webcast here: Q3 Webcast. A replay of the webcast will be available two hours after the call and archived on the same web page for six months. Participants can also find the link on our website, stored under the “Investors” section – “Presentations and Events”, at www.alarisequitypartners.com.

    An updated corporate presentation will be posted to the Trust’s website within 24 hours at www.alarisequitypartners.com.

    About the Trust:

    Alaris’ investment and investing activity refers to providing, through the Acquisition Entities, alternative equity to private companies (“Partners”) to meet their business and capital objectives, which includes management buyouts, dividend recapitalization, growth and acquisitions. Alaris achieves this by investing its unitholder capital, as well as debt, through the Acquisition Entities, in exchange for distributions, dividends or interest (collectively, “Distributions”) as well as capital appreciation on both preferred and common equity, with the principal objectives of generating predictable cash flows for distribution payments to its unitholders and growing net book value through returns from capital appreciation. Distributions, other than common equity Distributions, from the Partners are adjusted annually based on the percentage change of a “top-line” financial performance measure such as gross margin or same store sales and rank in priority to common equity position.

    Non-GAAP and Other Financial Measures

    The terms Adjusted Earnings, components of Corporate investments, EBITDA, Adjusted EBITDA, Extended group net distributable cashflow, Earnings Coverage Ratio, Run Rate Payout Ratio, Actual Payout Ratio, Run Rate Revenue, Run Rate Cash Flow, and Per Unit amounts (collectively, the “Non-GAAP and Other Financial Measures”) are financial measures used in this MD&A that are not standard measures under International Financial Reporting Standards (“IFRS”) . The Trust’s method of calculating the Non-GAAP and Other Financial Measures may differ from the methods used by other issuers. Therefore, the Trust’s Non-GAAP and Other Financial Measures may not be comparable to similar measures presented by other issuers.

    (1) “Adjusted EBITDA” and “EBITDA”: are Non-GAAP financial measures and refer to earnings determined in accordance with IFRS, before depreciation and amortization, interest expense (finance costs) and income tax expense. EBITDA is used by management and many investors to determine the ability of an issuer to generate cash from operations. “Adjusted EBITDA” and “Adjusted EBITDA per unit”, which is a non-GAAP ratio that removes the impact from unrealized fluctuations in exchange rates and their impact on the Trust’s investments at fair value, as well as one time items and the impact of finance costs and taxes included within the net gain on Corporate Investments incurred by the Acquisition Entities and, on a per unit basis, is and the same amount divided by weighted average basic units outstanding. Management believes Adjusted EBITDA, EBITDA and Adjusted EBITDA per unit are useful supplemental measures from which to determine the Trust’s ability to generate cash available for servicing its loans and borrowings, income taxes and distributions to unitholders. The Trust’s method of calculating these Non-GAAP financial measures may differ from the methods used by other issuers. Therefore, they may not be comparable to similar measures and ratios presented by other issuers.

      Three months ended September 30 Nine months ended September 30
    $ thousands except per unit amounts   2024   2023   % Change   2024     2023 % Change
    Earnings $ 51,027 $ 63,770     $ 156,475   $ 97,710  
    Depreciation and amortization   135   58       396     169  
    Finance costs   1,150   8,510       3,445     21,909  
    Total income tax expense   251   11,611       554     20,902  
    EBITDA $ 52,563 $ 83,949   -37.4 % $ 160,870   $ 140,690 +14.3 %
    Adjustments:            
    Gain on derecognition of previously consolidated entities $ – $ –     $ (30,260 ) $ –  
    Foreign exchange   11,334   (3,947 )     (19,224 )   156  
    Sandbox litigation and legal costs   –   21       –     13,697  
    Finance costs, senior credit facility and convertible debentures   6,962   –       22,193     –  
    Acquisition Entities income tax expense – current   2,987   –       10,018     –  
    Acquisition Entities income tax expense – deferred   16,109   –       21,272     –  
    Adjusted EBITDA $ 89,955 $ 80,023   +12.4 % $ 164,869   $ 154,543 +6.7 %
    Adjusted EBITDA per unit $ 1.98 $ 1.76   +12.5 % $ 3.62   $ 3.40 +6.5 %

    (2) “Actual Payout Ratio” is a supplementary financial measure and refers to Alaris’ total distributions paid during the period (annually or quarterly) divided by the actual net cash from operating activities Alaris generated for the period. It represents the net cash from operating activities after distributions paid to unitholders available for either repayments of senior debt and/or to be used in investing activities.

    (3) “Earnings Coverage Ratio (“ECR”)” is a supplementary financial measure and refers to the EBITDA of a Partner divided by such Partner’s sum of debt servicing (interest and principal), unfunded capital expenditures and distributions to Alaris. Management believes the earnings coverage ratio is a useful metric in assessing our partners continued ability to make their contracted distributions.

    (4) “Net book value” and “net book value per unit” are Non-GAAP financial measures and represents the equity value of the company or total assts less total liabilities and the same amount divided by weighted average basic units outstanding. Net book value and net book value per unit are used by management to determine the growth in assets over the period net of amounts paid out to unitholders as distributions. Management believes net book value and net book value per unit are useful supplemental measures from which to compare the Trust’s growth period over period. The Trust’s method of calculating these Non-GAAP financial measures may differ from the methods used by other issuers. Therefore, they may not be comparable to similar measures presented by other issuers.

        30-Sep   30-Jun   31-Dec
    $ thousands except per unit amounts   2024   2024   2023
    Total Assets $ 1,130,415 $ 1,093,177 $ 1,474,894
    Total Liabilities $ 93,236 $ 91,556 $ 514,071
    Net book value $ 1,037,179 $ 1,001,621 $ 960,823
    Weighted average basic units (000’s)   45,498   45,498   45,498
    Net book value per unit $ 22.80 $ 22.01 $ 21.12


    (5) “    Partner related changes in net gain on Corporate Investments” The components of Corporate Investments are Non-GAAP financial measures and are presented for better comparability to prior year reporting. These amounts are reconciled to information from note 3 of the condensed consolidated interim financial statements below. The Trust’s method of calculating these Non-GAAP financial measures may differ from the methods used by other issuers. Therefore, they may not be comparable to similar measures presented by other issuers.

      Three months ended September 30 Nine months ended September 30
    $ thousands   2024   2023 % Change   2024   2023 % Change
    Partner Distribution revenue – Preferred, including realized foreign exchange Note 1 $ 37,895 $ 37,844 +0.1 % $ 113,936 $ 108,543 +5.0 %
    Partner Distribution revenue – Common $ 27,501 $ 8,815 +212.0 % $ 31,807 $ 10,903 +191.7 %
    Net realized gain from Partners investments $ 29 $ 167 -82.6 % $ 9,005 $ 12,716 -29.2 %
    Net unrealized gain on Partners investments $ 33,006 $ 39,428 -16.3 % $ 32,463 $ 37,688 -13.9 %
    Partner related changes in net gain on Corporate Investment $ 98,431 $ 86,254 +14.1 % $ 187,211 $ 169,850 +10.2 %
    Partner related changes in net gain on Corporate Investment per unit $ 2.16 $ 1.90 +13.7 % $ 4.11 $ 3.74 +9.9 %

    Note 1 – In Q2 2023, Partner Distribution revenue – Preferred, including realized foreign exchange and Partner Distribution revenue – Common were presented as one line on the face of the income statement titled “Revenues, including realized foreign exchange gain” in the amount of $36,853 for the three months ended and $73,541 for the six months ended. Prior period Partner Distribution revenue – Preferred, including realized foreign exchange for the three and six months ended June 30, 2024 above has been adjusted to exclude Sono Bello’s management fee income (Q2 2023 three months – $496, Q2 2023 six months ended – $753) for period over period comparability, which in 2024 is recognized in the Trust’s Management and advisory fee income.

    (6) “Alaris net distributable cashflow” is a non-GAAP measure that refers to all sources of external revenue in both the Trust and the Acquisition Entities less all general and administrative expenses, third party interest expense and tax expense. Alaris net distributable cashflow is a useful metric for management and investors as it provides a summary of the total cash from operating activities that can be used to pay the Trust distribution, repay senior debt and/or be used for additional investment purposes. The Trust’s method of calculating this Non-GAAP measure may differ from the methods used by other issuers. Therefore, it may not be comparable to similar measures presented by other issuers. The 2023 comparatives are presented prior to the Trust’s change in status as a investment entity and have been aligned with the most comparative balance in the 2024 presentation.

      Three months ended September 30 Nine months ended September 30
    $ thousands except per unit amounts   2024     2023   % Change   2024     2023   % Change
    Partner Distribution revenue – Preferred, including realized foreign exchange $ 37,895   $ 37,844     $ 113,936   $ 108,543    
    Partner Distribution revenue – Common   27,501     8,815       31,807     10,903    
    Third party management and advisory fees   504     506       1,526     1,260    
                 
    Expenditures of the Trust:            
    General and administrative   (4,484 )   (3,087 )     (13,308 )   (23,476 )  
    Current income tax expense   (509 )   –       (1,345 )   –    
    Third party cash interest paid by the Trust   (2,031 )   (2,032 )     (4,062 )   (4,062 )  
                 
    Expenditures incurred by Acquisition Entities:            
    Operating costs and other   (1,087 )   (928 )     (2,846 )   (2,046 )  
    Transactions costs   (378 )   (1,693 )     (2,531 )   (3,204 )  
    Acquisition Entities income tax expense – current   (2,987 )   (6,954 )     (10,018 )   (13,156 )  
    Cash interest paid, senior credit facility and convertible debentures   (6,668 )   (6,329 )     (18,038 )   (12,586 )  
                 
    Alaris’ changes in net working capital   (14,922 )   (6,063 )     (7,106 )   (7,253 )  
    Alaris net distributable cashflow $ 32,834   $ 20,079   +63.5 % $ 88,015   $ 54,923   +60.3 %
    Alaris net distributable cashflow per unit $ 0.72   $ 0.44   +63.6 % $ 1.93   $ 1.21   +59.5 %

    (7) “Run Rate Revenue” is a supplementary financial measure and refers to Alaris’ total revenue expected to be generated over the next twelve months based on contracted distributions from current Partners, excluding any potential Partner redemptions, it also includes an estimate for common dividends or distributions based on past practices, where applicable. Run Rate Revenue is a useful metric as it provides an expectation for the amount of revenue Alaris can expect to generate in the next twelve months based on information known.

    (8) “Run Rate Cash Flow” is a Non-GAAP financial measure and outlines the net cash from operating activities, net of distributions paid, that Alaris is expecting to have after the next twelve months. This measure is comparable to net cash from operating activities less distributions paid, as outlined in Alaris’ consolidated statements of cash flows.

    (9) “Run Rate Payout Ratio” is a Non-GAAP financial ratio that refers to Alaris’ distributions per unit expected to be paid over the next twelve months divided by the net cash from operating activities per unit calculated in the Run Rate Cash Flow table. Run Rate Payout Ratio is a useful metric for Alaris to track and to outline as it provides a summary of the percentage of the net cash from operating activities that can be used to either repay senior debt during the next twelve months and/or be used for additional investment purposes. Run Rate Payout Ratio is comparable to Actual Payout Ratio as defined above.

    (10) “Adjusted Earnings” is a Non-GAAP financial measure and Non-GAAP Ratio and refer to earnings determined in accordance with IFRS, before impact of the one time gain on derecognition of previously consolidated entities and foreign exchange gain (loss) and the same amount divided by weighted average basic units outstanding. Adjusted earnings and Adjusted earnings per unit are used by management to determine earnings excluding fluctuations due to unrealized changes in exchange rates that impact earnings and specifically the fair value of Corporate investment. Management believes Adjusted earning and Adjusted earnings per unit are useful measures from which to compare the Trust’s earnings period over period. The Trust’s method of calculating these Non-GAAP financial measures and ratio may differ from the methods used by other issuers. Therefore, they may not be comparable to similar measures presented by other issuers.

      Three months ended September 30 Nine months ended September 30
    $ thousands except per unit amounts   2024   2023   % Change   2024     2023 % Change
    Earnings $ 51,027 $ 63,770     $ 156,475   $ 97,710  
    Add back: Foreign exchange (gain) loss $ 11,334 $ (3,947 )   $ (19,224 ) $ 156  
    Add back: Gain on derecognition of previously consolidated entities $ –   na     $ (30,260 ) na  
    Adjusted earnings $ 62,361 $ 59,823   +4.2 % $ 106,991   $ 97,866 +9.3 %
    Adjusted earning per unit $ 1.37 $ 1.31   +4.6 % $ 2.35   $ 2.15 +9.3 %
                                 

    (11) “Per Unit” values, other than earnings per unit, refer to the related financial statement caption as defined under IFRS or related term as defined herein, divided by the weighted average basic units outstanding for the period.

    The terms Net Book Value, Components of Corporate investments, EBITDA, Adjusted EBITDA, Alaris net distributable cashflow, Earnings Coverage Ratio, Run Rate Payout Ratio, Actual Payout Ratio, Run Rate Revenue, Run Rate Cash Flow and Per Unit amounts should only be used in conjunction with the Trust’s unaudited interim condensed consolidated financial statements, complete versions of which available on SEDAR+ at www.sedarplus.ca.

    Forward-Looking Statements

    This news release contains forward-looking information and forward-looking statements (collectively, “forward-looking statements”) under applicable securities laws, including any applicable “safe harbor” provisions. Statements other than statements of historical fact contained in this news release are forward-looking statements, including, without limitation, management’s expectations, intentions and beliefs concerning the growth, results of operations, performance of the Trust and the Partners, the future financial position or results of the Trust, business strategy and plans and objectives of or involving the Trust or the Partners. Many of these statements can be identified by looking for words such as “believe”, “expects”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “continues” or similar words or the negative thereof. In particular, this news release contains forward-looking statements regarding: the anticipated financial and operating performance of the Partners; the attractiveness of Alaris’ capital offering; the Trust’s Run Rate Payout Ratio, Run Rate Cash Flow, Run Rate Revenue and total revenue; the impact of recent new investments and follow-on investments; expectations regarding receipt (and amount of) any common equity distributions or dividends from Partners in which Alaris holds common equity, including the impact on the Trust’s net cash from operating activities, Run Rate Revenue, Run Rate Cash Flow and Run Rate Payout Ratio; the impact of future deployment; the Trust’s ability to deploy capital; the yield on the Trust’s investments and expected resets on Distributions; changes in SOFR and exchange rates; the impact of deferred Distributions and the timing of repayment there of; the Trust’s return on its investments; and Alaris’ expenses for 2024. To the extent any forward-looking statements herein constitute a financial outlook or future oriented financial information (collectively, “FOFI”), including estimates regarding revenues, Distributions from Partners (restarting full or partial Distributions and common equity distributions), Run Rate Payout Ratio, Run Rate Cash Flow, net cash from operating activities, expenses and impact of capital deployment, they were approved by management as of the date hereof and have been included to provide an understanding with respect to Alaris’ financial performance and are subject to the same risks and assumptions disclosed herein. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur.

    By their nature, forward-looking statements require Alaris to make assumptions and are subject to inherent risks and uncertainties. Assumptions about the performance of the Canadian and U.S. economies over the next 24 months and how that will affect Alaris’ business and that of its Partners (including, without limitation, the impact of any global health crisis, like COVID-19, and global economic and political factors) are material factors considered by Alaris management when setting the outlook for Alaris. Key assumptions include, but are not limited to, assumptions that: the Russia/Ukraine conflict, conflicts in the Middle East, and other global economic pressures over the next twelve months will not materially impact Alaris, its Partners or the global economy; interest rates will not rise in a matter materially different from the prevailing market expectation over the next 12 months; global heath crises, like COVID-19 or variants thereof, will not impact the economy or our Partners operations in a material way in the next 12 months; the businesses of the majority of our Partners will continue to grow; more private companies will require access to alternative sources of capital; the businesses of new Partners and those of existing Partners will perform in line with Alaris’ expectations and diligence; and that Alaris will have the ability to raise required equity and/or debt financing on acceptable terms. Management of Alaris has also assumed that the Canadian and U.S. dollar trading pair will remain in a range of approximately plus or minus 15% of the current rate over the next 6 months. In determining expectations for economic growth, management of Alaris primarily considers historical economic data provided by the Canadian and U.S. governments and their agencies as well as prevailing economic conditions at the time of such determinations.

    There can be no assurance that the assumptions, plans, intentions or expectations upon which these forward-looking statements are based will occur. Forward-looking statements are subject to risks, uncertainties and assumptions and should not be read as guarantees or assurances of future performance. The actual results of the Trust and the Partners could materially differ from those anticipated in the forward-looking statements contained herein as a result of certain risk factors, including, but not limited to, the following: widespread health crises is, like COVID-19 (or its variants), other global economic factors (including, without limitation, the Russia/Ukraine conflict, conflicts in the Middle East, inflationary measures and global supply chain disruptions on the global economy, Trust and the Partners (including how many Partners will experience a slowdown of their business and the length of time of such slowdown)), the dependence of Alaris on the Partners, including any new investment structures; leverage and restrictive covenants under credit facilities; reliance on key personnel; failure to complete or realize the anticipated benefit of Alaris’ financing arrangements with the Partners; a failure to obtain required regulatory approvals on a timely basis or at all; changes in legislation and regulations and the interpretations thereof; risks relating to the Partners and their businesses, including, without limitation, a material change in the operations of a Partner or the industries they operate in; inability to close additional Partner contributions or collect proceeds from any redemptions in a timely fashion on anticipated terms, or at all; a failure to settle outstanding litigation on expected terms, or at all; a change in the ability of the Partners to continue to pay Alaris at expected Distribution levels or restart distributions (in full or in part); a failure to collect material deferred Distributions; a change in the unaudited information provided to the Trust; and a failure to realize the benefits of any concessions or relief measures provided by Alaris to any Partner or to successfully execute an exit strategy for a Partner where desired. Additional risks that may cause actual results to vary from those indicated are discussed under the heading “Risk Factors” and “Forward Looking Statements” in Alaris’ Management Discussion and Analysis and Annual Information Form for the year ended December 31, 2023, which is or will be (in the case of the AIF) filed under Alaris’ profile at www.sedarplus.ca and on its website at www.alarisequitypartners.com.

    Readers are cautioned that the assumptions used in the preparation of forward-looking statements, including FOFI, although considered reasonable at the time of preparation, based on information in Alaris’ possession as of the date hereof, may prove to be imprecise. In addition, there are a number of factors that could cause Alaris’ actual results, performance or achievement to differ materially from those expressed in, or implied by, forward looking statements and FOFI, or if any of them do so occur, what benefits the Trust will derive therefrom. As such, undue reliance should not be placed on any forward-looking statements, including FOFI.

    The Trust has included the forward-looking statements and FOFI in order to provide readers with a more complete perspective on Alaris’ future operations and such information may not be appropriate for other purposes. The forward-looking statements, including FOFI, contained herein are expressly qualified in their entirety by this cautionary statement. Alaris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    For more information please contact:

    Investor Relations
    Alaris Equity Partners Income Trust
    403-260-1457
    ir@alarisequity.com

    The MIL Network –

  • MIL-Evening Report: US presidential election holds high stakes for Pacific relations

    PMN Pacific Mornings

    With Election Day for one of the most consequential United States presidential races in recent history underway, Pasifika communities on both sides of the Pacific Ocean are considering how a new administration could impact US-Pacific relations.

    Roy Tongilava, a public policy professional and Pacific community advocate in the United States, hopes to see improved US-Pacific relations under either a Harris or Trump administration.

    “I’m not an expert in foreign affairs, but my hope would be that either a presidency under Harris or under Trump would continue to build those relations, to build those investments, to really help not only combat climate change but also to really aid in the Pacific development, which is inherently connected to what I believe is the Pacific Islander American experience,” he said.

    Pacific commentators Roy Tongilava (left) and Christian Malietoa-Brown . . . interviewed by Pacific Media Network’s Pacific Mornings programme. Image: PMN

    New Zealand political commentator and former chair of the National Party’s Pacific Blues group, Christian Malietoa-Brown, is backing Donald Trump in the presidential race.

    He says the Pacific is caught in a “tug-of-war” between major powers like the US and China, with Australia playing an increasingly significant role.

    “For me, I think in terms of long-term investment, Trump likes to prevent war by showing strength . . .  I think they [the US] will strategically put some investments here just because they don’t want China running around too much in this area for defence reasons.

    “Under the Biden administration, we saw record investment down this way in the Pacific region, obviously to try and push away China’s influence in the region,” Malietoa-Brown says.

    Picking a big player
    “So you have China, you have America, you have Russia, you have India that’s coming up big,” Malietoa-Brown said.

    “And if I had to pick a big player to be in charge of the world, I would pretty much stick to America as it is right now, because that’s the devil we know, rather than someone else that we don’t know. And that’s probably purely a selfish thing.”

    Tongilava agrees that the Joe Biden administration has been positive for the Pacific region in terms of investment.

    “The Biden administration has pumped record investment into the Pacific to a number of things, infrastructure, education, all of that. Ultimately, though, to try and cool off and push away China’s advances towards this region.

    “We’ve seen Vice-President Harris during her time as Vicep-President really commit to climate change as well as building relations within the Pacific region,” he said.

    Education concerns
     For Tongilava, who is part of the South Pacific Islander Organization (SPIO), a nonpartisan non-profit organisation that champions education and workforce development for Pacific youth, this election has serious implications for youth.

    “Our mission is laser focused on enhancing college access, college retention, and degree completion for Native Hawai’ian and Pacific Islander students throughout our college systems,” Tongilava said.

    “A lot of our work has focused on expanding educational opportunity and workforce development for young Pacific Islander students.

    “In terms of education, I think it is crucial that Pacific Islanders turn out today in support of the policies specifically that may hinder or create opportunity for their families and for their communities,” Tongilava said.

    He said it was crucial that Pacific Islanders vote in support of the specific policies that might hinder or create opportunities for their families and their communities.

    Tongilava is concerned about Trump’s proposal to dismantle the US Department of Education, noting that such a move would disproportionately harm communities like the Pacific Islanders, who often rely on federal support for educational programmes.

    “This raises additional questions around what role does the federal government play within our school systems here within states and at the local level. For many Pacific Islander Americans, we live in under-resourced communities,” Tongilava said.

    Republished from Pacific Media Network with permission.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI Security: FBI Statement on Bomb Threats to Polling Locations

    Source: Federal Bureau of Investigation FBI Crime News (b)

    The FBI is aware of bomb threats to polling locations in several states, many of which appear to originate from Russian email domains. None of the threats have been determined to be credible thus far.

    Election integrity is among the FBI’s highest priorities. We will continue to work closely with our state and local law enforcement partners to respond to any threats to our elections and to protect our communities as Americans exercise their right to vote.

    As always, we urge the public to remain vigilant and report suspicious activity to state or local law enforcement, or submit tips to the FBI at 1-800-CALL-FBI (1-800-225-5324) or online at tips.fbi.gov.

    MIL Security OSI –

  • MIL-OSI Russia: Yoga and fitrock: the “Sports Weekend” project classes will help you cope with stress

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Stress has a negative impact on health: it leads to increased blood pressure, decreased immune defense, and cardiovascular diseases. On Stress Awareness Day, which is celebrated on the first Wednesday of November, residents were told how to make the body more stress-resistant.

    One of the most effective means is to lead a healthy lifestyle. It is worth giving up bad habits, eating a balanced diet, and also doing physical exercise.

    The training sessions of the “Sports Weekend” project of the capital will help relieve nervous tension and restore mental balance. Department of SportsMuscovites can regularly attend free classes in classical and hot yoga, fitness boxing and fitrock in unusual places in the city under the guidance of professional trainers.

    For example, yoga can help you restore strength, health, and balance—immerse yourself in an atmosphere of peace of mind. Such exercises can tone muscles, strengthen joints, relieve back and neck pain, improve posture, and cope with stress.

    During hot yoga training, joints and muscles warm up faster and become more mobile. First comes a warm-up with pumping jumps, and then relaxation with deep breathing in a hot room at a temperature of 36 degrees and humidity of 40 percent. Even beginners will master the technique.

    Fitness boxing is a group exercise that consists of a combination of punches and kicks on a punching bag at a fast pace. The training takes place to energetic music, allowing you to increase your endurance, build muscle and develop self-defense skills.

    Fitrock combines strength and functional exercises, elements of classical aerobics, and dance moves. Drumstick training is performed to rock hits of all time. Scientific studies have proven that drumming reduces stress, strengthens the immune system, lowers blood pressure, and helps with social-emotional disorders.

    You can sign up for a class you like, find out detailed information about the conditions and locations of training, and also see the schedule on the project website “Sports Weekend”.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/nevs/item/146165073/

    MIL OSI Russia News –

  • MIL-OSI Russia: “Better Than Yesterday.” Stories of Moscow Creative Universities Graduates

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Just recently, these young artists were still studying: they went to rehearsals, wrote notes, took exams and began to seriously join the world of art. Today, they are members of the most famous creative groups in the country, they go out on the big stage – and the audience is gradually learning their names. The stories of an opera soloist, a jazz musician, an actor and an actress – in the material mos.ru.

    Janis Shklyaev: “The main thing is not to lose the fire”

    Graduate of the Moscow State Institute of Music named after A.G. Schnittke

    — I liked singing since childhood, and that’s when I started going on stage. After school, I entered the Krasnoyarsk College of Arts named after P.I. Ivanov-Radkevich, where my passion for singing only grew stronger. Then, however, I had to take a break in my career: I was called up for military service. But music accompanied me there too: I joined the Academic Song and Dance Ensemble of the Russian Army named after A.V. Alexandrov.

    Then I returned to Krasnoyarsk, got a job in the Siberian Male Choir, completed one course in the vocal department of the Siberian State Institute of Arts named after D.A. Hvorostovsky. Then I decided to move to the capital – I entered the Moscow State Institute of Music named after A.G. Schnittke. I was enrolled in the class of People’s Artist of Russia Mikhail Kizin.

    After graduating from the institute, I joined the Chelyabinsk State Academic Opera and Ballet Theatre named after M.I. Glinka. I love all my roles, but especially the part of Lensky from “Eugene Onegin”. From a technical point of view, it poses challenges that are interesting to solve, and from an emotional point of view, it helps to reveal my temperament. By the way, I now see my hero completely differently, I find something in him that I had not noticed before. At school, when I read the novel, the image of Lensky was more lyrical for me, but now I feel his tragedy, his inner impulses. And in the future, I would like to perform the part of Maurice from the opera “Adriana Lecouvreur” by composer Francesco Cilea.

    The most pleasant thing about my work is to see the audience in the hall, to give them emotions, to awaken feelings, to let them experience the work together with me. I would advise those who have decided to study this profession not to lose the fire and desire to do it. Of course, the support of loved ones is also important. I was lucky: on my way I met understanding, knowledgeable teachers who believed in my strength, helped me overcome difficulties. I am especially grateful to all of them – as well as to my parents.

    Konstantin Boytsov: “We felt like rock stars”

    Graduate of the Jazz Academy

    — Like many children, I went to music school — more for general development. My parents couldn’t even imagine that I would seriously want to become a musician. Once I even decided to quit music school, but then I accidentally saw a concert of jazz trumpeter Wynton Marsalis on the Internet. I watched it over and over again, and each time I was captivated by these melodies. Then I fell in love with the music of Canadian bassist Alain Caron and saxophonist Michael Brecker. Jazz became real magic for me — I realized that I wanted to learn to improvise myself. When I told my parents about this, they supported me: my mother helped me find a teacher to prepare me for admission and bought me my first saxophone. Then I realized that talent is not the main component of success, work, self-development and discipline are much more important.

    And at the age of 16, I got to a concert by Igor Butman. Igor Mikhailovich became a source of inspiration for me – it seems, forever. And I am very happy that now I work in the Moscow Jazz Orchestra under his direction. Of course, it is not always easy: sometimes tours, flights and relocations are difficult, but it pays off with a huge number of stories, emotions that we get while traveling. And also with a range of feelings when we see the enthusiastic faces of people in the audience. This is the most valuable and precious thing in our work.

    I remember with particular warmth a concert in St. Petersburg, in which I participated when I was still a first-year student at the Academy. We were invited to an orchestral battle, there were almost 40 people on one stage. We played swing from the 1920s and 1930s, and the audience danced right in front of us. The atmosphere was incredible, we felt like real rock stars from the jazz world.

    Nelly Khaperskaya: “Acting is like a sport”

    Oleg Tabakov’s Theatre School

    — I come from a circus family, I spent my entire childhood in the arena and behind the scenes of the circus. Therefore, there were never any doubts about choosing a creative profession. Of course, everyone thought that I would follow in my parents’ footsteps, but completely by chance I passed the casting at Konstantin Khabensky’s studio, and there I realized that I wanted to connect my life with Oleg Tabakov’s School, and then with his theater. True, at first my dad did not want me to move away from the circus. But it seems to me that the circus and theater coexist quite closely: the skills I acquired in childhood were very useful in the acting profession.

    As a result, I entered the Oleg Tabakov School. I consider Vladimir Mashkov my main teacher, he is my creative dad. He gave me life in this profession, opened the doors to it. For me, Vladimir Lvovich is an example, I consider him a genius. This applies not only to the profession: he will always help those who need it. You want to follow him further and conquer new heights.

    I realized that acting is like a sport. You always have to work, constantly improve your knowledge and skills, constantly be in training and rehearsals. Every day you have to become better than you were yesterday. It’s not easy. For the guys who are just thinking about whether to connect their lives with the acting profession or not, I would say this: if you are passionate about it, then difficulties are pleasant.

    Now I work at the Oleg Tabakov Theatre. Among the productions I participate in is “Matrosskaya Tishina”, where I play Tanya. This is a legendary performance that Oleg Pavlovich himself staged. I go on stage with my teachers. Of course, they help a lot with advice, as always. In fact, we have been on the professional stage since our first years – this is a feature of the Oleg Tabakov Theatre School. Even when I was a student, I got roles in “Passions for Bumbarash”, “Fight”, “My Fair Lady”, “The Elder Son”, “Atom of the Sun”, “Heirs” and, actually, in “Matrosskaya Tishina”. Not all of these performances are in the repertoire now, but I sincerely love each role.

    Shvartsy from Tulchin. The story of Oleg Tabakov’s most anticipated performance

    Egor Khokhlov: “I understood where my place is”

    Oleg Tabakov’s Theatre School

    — When I entered the Oleg Tabakov Theatre School, I doubted my decision to become an actor, I didn’t fully understand who I wanted to be. But I saw the teachers, looked at the other guys — and suddenly I understood where my place was. A happy accident, it can happen to anyone. The main thing is to be attentive to yourself and feel it.

    At first, I was worried about how my family would react to my decision: no one is connected with the theater. Besides, it is a profession with zero guarantees, you can fail in it at all – there are hundreds, thousands of such examples. But my parents were understanding, very supportive, believed in me. I am also grateful to my teachers – first of all, Vladimir Mashkov, Alena Lapteva, Vitaly Egorov. Over the five years of study, they did a lot for us. They said that you need to study and improve constantly. To evoke emotions in the viewer, to push them to certain thoughts – all this requires colossal efforts.

    I started performing on stage at the Oleg Tabakov Theatre when I was still a student. This idea belongs to Oleg Pavlovich: he believed that students should see how professional artists work – this is the only way to pass on the profession to the young. My senior colleagues and teachers helped with advice and continue to do so. Now I am involved in several performances, including “Bumbarash Passion”, “Deadly Act” and “The Hunt to Live”.

    I think the most important piece of advice I can give to aspiring actors is this: Don’t be afraid to jump into every situation that comes your way. The stage is hard, and you have to be prepared for anything. Take every chance you get, try to imitate the behavior of different people. And one more thing that’s very important: Don’t be shy.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/nevs/item/146210073/

    MIL OSI Russia News –

  • MIL-OSI Russia: Knights of Sport: How the Burevestnik Fencing School Prepares Olympians

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    These guys have been wearing armor since the age of eight — impenetrable clothing, they can calculate moves in seconds, gallantly attack and defend themselves: they are fencers. This art has long since moved from combat to sports. It is a matter of honor for modern knights to become the first, to win in capital, Russian and international competitions. This is taught at the Sports School of the Olympic Reserve (SShOR) “Youth of Moscow” in fencing “Petrel”She turned 75 at the beginning of November.

    mos.ru correspondents visited a training session at the school and learned how to enroll, why the young fencers’ suits are connected to an electrical device, and also the differences between a foil, an epee, and a sabre.

    “Order” of Fencers

    The Youth of Moscow Fencing School Burevestnik is located at the Iskra stadium near the Botanichesky Sad metro station. The light-grey building is hidden behind a fence, a football field and trees, like a medieval castle.

    “The fencing department opened in 1949 at the Burevestnik stadium on Samarsky Lane in the Meshchansky district. The first and only fencing coach was frontline soldier Lev Matsukevich. Fencing was then considered a little-known sport in the USSR, but the director’s enthusiasm was enough to interest schoolchildren. One of his students was Mark Rakita, who later became a two-time Olympic champion. In the 1960s, Burevestnik was headed by senior coach, Honored Coach of the USSR Vladimir Ganson, who managed to create a team of like-minded people. In 1967, the school received the status of Olympic reserve, and our students repeatedly confirmed it with their victories. In 1977, construction of the Olympic sports complex began on the site of Burevestnik. Since then – and this is almost half a century – the Iskra stadium has been our home,” says Anna Ilyaskina, master of sports in fencing, honored coach of Russia, director of the sports school of the Olympic reserve “Youth of Moscow” in fencing “Burevestnik”.

    The display case at the entrance to the building displays sports trophies: cups, mostly gold. There are also Olympic awards: at the 2008 Games in Beijing, Burevestnik alumnus Victoria Nikishina won gold in the foil team, and in 2012 in London, foil fencer Aida Shanaeva won silver in the team tournament. “Our senior coach Andrei Alshan does not recognize simple participation in competitions and any places other than first. In reality, there are many more cups, there is not enough room for them all!” the mos.ru interviewee smiles.

    Guys of different ages run past us, smart, with their backs straight and their heads held high. They greet each other politely. Fencing also requires good manners. During the holidays, you can finally train in the morning, and not just in the evening after school. Some of the guys come here and stay, dedicating their lives to fencing. It is not just a hobby, but an honor, pride, the meaning of life, the desire to win all the competitions in the world.

    “Today, about 60 percent of students are girls. Usually, people start coming to us at the age of eight. We only accept those who have passed the entrance exams. In addition, in order to stay, you have to pass the control and transfer standards every year, and starting from the third year of study, you have to annually fulfill or confirm your sports category,” the director explains.

     

    To enter the initial training group, you need to pass sports standards: running a distance of 30 meters, bending forward from a standing position on a gymnastic bench, long jump, bending and unbending arms in a support position lying on the floor. Those who managed to pass this entrance test come to classes three times a week, from the second or third year of study – four to five times. One training session lasts an hour and a half, and at the stage of higher sports skills – four.

    Cords, guard and one and a half feet

    In the gym, a girl of about 12 is doing a concentrated warm-up before training: she does push-ups, bends over, touching her left and right toes with an outstretched hand. At the same time, she believes that there should be a certain number of exercises, and that attentiveness, discipline, and punctuality are the necessary qualities of a fencer.

    “The competition season has started, the guys are preparing for tournaments, including the Moscow Cup in fencing and qualifying competitions,” explains Anna Ilyaskina.

    The clanking of metal can be heard. The future participants of the competition are crossing weapons on the tracks. They are wearing non-slip sneakers, white breeches, golf socks, jackets and masks made of a small impenetrable metal mesh that covers the entire face, including the chin. “The clothes, although soft, cannot be pierced. They are made of a special fabric – Kevlar,” our interlocutor explains. This material resembles chain mail, but is very thin and weightless.

    A cord runs under the fencers’ clothing. One end with a plug sticks out of the sleeve: the weapon is connected to it. The other end, from under the hem of the jacket, is connected to a cord that leads to a reel, and from the reel to a small device. As soon as a participant strikes an opponent, the device transmits a signal to the board – and a light comes on there.

    “Why are the suits white? Because until the late 1950s there was no electrical device to record the injection. The tip of the weapon was dipped in special paint and this way they tracked the injection sites, which were clearly visible on light fabric,” says the school principal.

    The location of the wires under the suits depends on the type of weapon the fencer uses: each has its own striking surface. So, with a rapier you need to stab precisely into the electric jacket, which looks like a vest, with a sword – all over the body, and with a sabre – chop in the area from the waist to the crown.

    “This is not the only difference between the types of weapons. For example, a rapier has four edges, the blade is 90 centimeters long. It must be held in a bent arm, the elbow at the level of the protruding femur. In a rapier and a saber, there is tactical correctness: first the attacker pricks, then the defender. The judge decides who was right. The existing rules of the competition cannot be violated, otherwise the prick will not be counted,” says Marianna Dzakhova, a master of sports in rapier fencing.

    The epee is the heaviest: it weighs 750 grams. Those who take it out on the track can stab each other at the same time, hiding their hand behind the guard – a small hemispherical shield above the handle. And the sabre is the lightest and the only type of weapon that not only stabs, but also chops with the entire surface of the blade. To wield it, you need a quick reaction. A second – and you are defeated.

    What fencing has in common is the position of the feet. “You need to stand heel to heel and spread your toes. Then spread your feet one and a half feet apart and bend your knees. It is important to always remember this distance during movements, otherwise you will lose your balance and be vulnerable,” adds Marianna Dzakhova.

    Olympic scope

    There are 17 coaches working at Burevestnik. Nine of them are former pupils of the school.

    “I received a higher education in sports and wanted to work here. But there were no vacancies at that time, so I got a job as an instructor-methodologist at the Olympic Reserve Sports School “Youth of Moscow” in luge. Only seven years later, when I was already the deputy director, the opportunity arose to return to my native school as a coach. Both my uncles are masters of sports in sabre and graduates of “Burevestnik”, they were the ones who brought me here as a girl,” says master of sports in epee coach Anna Salykova.

    There are also graduates who do not work as coaches, but, having received the title of Master of Sports and even World Champion, still attend Burevestnik. Fencing is for life.

    “I came to Burevestnik when I was 11, now I am 23. There is no opportunity to participate in the Olympics yet, but I am not giving up. The goal of probably all fencers is to win gold at the Olympic Games. And age is not an obstacle in this sport. For example, one world champion from Italy continues to participate and win competitions, although she is 40 years old,” says Darya Drozd, a master of sabre, bronze medalist of the world championship, winner of the European championship and member of the Moscow and Russian teams.

    In anticipation of Olympic victories, master of sports in epee fencing Alexander Sobolev, multiple winner of the Russian championship and member of the capital and national teams, comes to the school for training. The young man, who is now 21, entered Burevestnik at the age of nine and practically never leaves the gym. “In the evening, I have to leave for competitions, and he is here. In the morning, fresh off the train, he runs to school and grabs his epee. Although athletes rest before and after competitions,” laughs Anna Ilyaskina.

    Another young man, 23-year-old Magamed Khalimbekov, a master of sports in sabre, silver medalist of the world championship and winner of the European championship, national champion, moved to Moscow from Dagestan. “Wrestling is popular here, and my family was involved in this sport. And a fencer needs a sharp mind, quick reactions, strong legs. At first, I didn’t have anything like that,” he admits.

    School pupil Victoria Yusova, an international master of sports in foil, bronze medalist of the world championship and member of the Russian national team, could have left fencing forever: at the international competition in Doha, she tore her Achilles tendon and underwent two operations. But the girl continued training and won silver at the Russian Fencing Cup and bronze twice at the Russian Championship as part of the Moscow team. Victoria Yusova also helps wheelchair Paralympians hone their skills. “There are no victories without defeats,” the athlete notes.

     

    Sports for mature minds

    However, according to Anna Ilyaskina, it is not necessary to dedicate your life only to fencing. Many manage to combine sports and higher education at a non-core university. For example, Ivan Tsypin, a master of sports in sabre and bronze medalist of the Russian championship, multiple winner of Russian championships, is a second-year student at the Financial University under the Government of the Russian Federation. “My father always said: “There can be several priorities, the main thing is to set them correctly,” the young man smiles.

    Mikhail Kovalenko, a master of sports in sabre, winner of the Moscow and Russian championships, entered the economics department of the MISiS University of Science and Technology. “Sometimes I have to skip lectures for the sake of training, but the institute is understanding. Sport does not interfere with my studies, on the contrary, it helps. After all, an athlete is a person with a metal rod inside,” the young man notes.

    By the way, Mikhail Kovalenko joined Burevestnik at the age of 13, broke his arm several times and missed important competitions. But nothing stopped him.

    “In fact, fencing is a sport for mature minds. You need to think analytically, calculate moves, and not react to a hot head. The more mature you are, the better and more reliable it will be,” sums up senior sabre trainer Andrey Alshan, six-time world champion, Olympic silver medalist, and Honored Master of Sports of the USSR.

    Sobyanin spoke about the reconstruction of the legendary Olympic sports complexSwimming, Boxing or Golf: Which Sport to Choose for Your ChildMoscow Mayor: Sports have become a natural part of the capital’s urban spaceFrom personal training to large projects: how Moscow is developing infrastructure for an active and healthy lifestyle

    You can enroll your child in the Youth of Moscow Sports School for Fencing “Burevestnik”, as well as in another sports school or section on the portal mos.ru.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/nevs/item/146220073/

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  • MIL-OSI Russia: Summer safety signs on Moscow’s water bodies have begun to be replaced with winter ones

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    About a thousand safety signs will be replaced on 270 Moscow water bodies by the end of November, the Moscow City Services Complex reported. Instead of summer information boards “No swimming!”, specialists from the State Unitary Enterprise “Mosvodostok” will install winter ones with the inscription “No going out on the ice!”

    Safety signs will also be replaced on Moscow’s most popular water bodies. Thus, four signs will be installed on Patriarch’s and Chistye Prudy, 55 on Tsaritsynskye Prudy, and 30 signs on Serebryano-Vinogradny and Borisovsky Prudy.

    Information boards on water bodies are changed twice a year: in mid-April and early November (shortly before ice forms on the surface of the ponds). This is necessary to prevent accidents. The installation locations and number of safety signs are selected so that they are visible from any point on the shore.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/nevs/item/146223073/

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  • MIL-OSI Russia: Underground parking and playground: a new building was built in Koptevo under the renovation program

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    In the Koptevo district in the north of Moscow, construction of a house under the renovation program has been completed. It was erected at the address: proezd Cherepanovykh, house 54a. This was reported by the Minister of the Moscow Government, head of the capital’s Department of Urban Development Policy Vladislav Ovchinsky.

    “The residential complex is located within walking distance from the Koptevo and Likhobory MCC stations. This is a single-section building with 119 apartments and an underground parking lot for 88 cars. The first non-residential floors house the concierge and stroller rooms; in the future, shops, services, order pick-up points or other organizations will open there,” said Vladislav Ovchinsky.

    The finished improved finish in the new apartments meets the standards of the renovation program.

    To ensure that the house fits harmoniously into the architectural ensemble of the area, its facades were made of suspended wall panels faced with clinker tiles. In addition, air conditioner baskets were installed on the external walls of the building, and the entrance groups were decorated with stained glass.

    The yard was landscaped, a children’s playground with a safe rubber surface, a sports area and recreation areas were equipped.

    “On the instructions of Sergei Sobyanin, special attention is being paid to the quality of work on residential properties under the renovation program in the capital. A total of 13 control and supervision events were held at the site. The committee’s specialists assessed the quality of construction work, finishing, installation of engineering systems and the completed improvement of the adjacent territory. Based on the results of the final inspection, a conclusion was issued on the compliance of the house on Cherepanov Drive with the design documentation,” noted the Chairman of the State Construction Supervision Committee

    Anton Slobodchikov.

    Previously Sergei Sobyanin reported, that 1.2 trillion rubles have been allocated in the draft budget for three years to implement the renovation program.

    More than 12.6 thousand Muscovites began moving into new houses under the renovation program in the third quarter of 2024

    Renovation program approved in August 2017. It concerns about a million Muscovites and provides for the resettlement of 5,176 houses. In 2023 alone, 59 new buildings in the capital were handed over for settlement and the relocation of over 47 thousand people was ensured. Earlier, Sergei Sobyanin ordered to increasethe pace of implementation of the renovation program has doubled.

    Moscow is one of the leaders among regions in terms of construction rates and volumes. Over the past five years, within the framework of the federal project “Housing” of the national project “Housing and Urban Environment” the volume of construction and commissioning of residential buildings in the capital has doubled: from three million to five to seven million square meters per year. More information about national projects being implemented in Moscow, you can find out here.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

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  • MIL-OSI Russia: Learn to negotiate and find motivation: what courses did Technograd prepare in November

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    In November, the Technograd Innovation and Educational Complex at VDNKh invites everyone to courses to improve the efficiency of a company. Specialists from the career development center will help improve team management skills, interaction with employees, and competent decision-making. The programs are designed for business owners, managers, and HR specialists, as well as for everyone who values productivity and confidence in their professional sphere.

    On November 11, classes will begin on the online course “Effective Relationships with the Boss: Instructions”. Expert Yulia Elizarova, psychologist, polygraph examiner, profiler-verifier will tell you how to find an approach to any type of manager and become an indispensable employee in the company. In addition, she will teach you how to successfully negotiate and respond correctly to any tasks. Listeners will learn how to cope with overload and fight procrastination. They will talk about advanced training as a factor in the development of a specialist and how to change jobs if necessary.

    The program consists of four webinars. The classes will be held on November 11, 13, 15 and 17. They will start at 11:00 and 20:00. Required pre-registration.

    On November 12, everyone will be able to practice their management skills as part of the course “How to Engage and Retain Employees in Your Team.” Career consultant and experienced business coach Olga Tkachenko will talk about non-material motivation tools that are useful for project managers and team leaders. Listeners will learn how to identify and analyze people’s needs, create a favorable atmosphere in the team. They will be reminded of the skills a manager should have in order to influence employee productivity. The course includes one homework assignment and two final online workshops. The webinars will be held on November 12, 14 and 19 at 14:00. Required pre-registration.

    The course “How to achieve harmony between work and life” will begin on November 25. Listeners will discuss the problems of stress and professional burnout. Yulia Elizarova will tell you how to avoid neurosis in the pursuit of success, get rid of anxiety and find new meaning in life. Webinars will be held on November 25, 27, 29 and 30. Start at 11:00 and 20:00. Required pre-registration.

    On November 26, the online course “Changing World: How to Make Decisions in Uncertain Conditions” will open. Psychologist Olga Denisova will talk about flexible skills that will allow you to adapt to an unstable situation and achieve success. Listeners will master stress management techniques and get acquainted with the concepts of non-standard and systemic types of thinking that will help in solving problems. Classes will be held on November 26, 28 and December 3, 5. Start at 17:00. Required pre-registration.

    Innovative and educational complex “Technograd”— a unique platform at VDNKh. Here Muscovites can acquire new professional knowledge and master applied skills that are in demand in business in relevant areas. Classes are held online and offline. The project is supervised by Department of Entrepreneurship and Innovative Development of the City of Moscow.

    The Career Development Center is one of the areas of activity of Technograd. Its specialists help in finding professions in accordance with the individual characteristics of applicants, in career planning and training.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/nevs/item/146229073/

    MIL OSI Russia News –

  • MIL-OSI Russia: Five pre-revolutionary houses with glazed tile cladding will be restored

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Five buildings built before the 1917 revolution will undergo major repairs as part of the city program in 2024. Their special feature is facades covered with glazed tiles. Specialists from the Capital Repair Fund (CRF) have developed individual work plans and selected modern domestic materials and advanced technologies. The Moscow City Services Complex told about how historical buildings are being restored.

    Eclecticism in Yakovoapostolsky Lane

    This year, the six-story building at 15 Yakovoapostolsky Lane has already been renovated. It was built in 1913 according to an individual project in the eclectic style. The courtyard facades are made of brick, and on those facing the street, the four lower floors are faced with unpainted white ceramic tiles. There is a crowning cornice along the perimeter of the building.

    Here, the roof and facade were renewed, which together with the glazed tiles were cleaned and washed. In some places, if necessary, local repair of the brickwork was carried out. Then, open surfaces in places of dampness were treated with an antifungal compound, and the glazed tiles were made hydrophobic. The building was plastered, the upper floors and the courtyard facade were painted white by the craftsmen.

    The windows in the entrances were replaced with modern double-glazed windows. The specialists also replaced the ebbs and repaired the slopes, and hung a new drainage system on the building.

    In addition, the roof of the house was completely repaired: the old roof covering was dismantled, the rafter system and individual parts of the wall plate were updated, and the sheathing was replaced. All wooden structures were treated with a fire-retardant composition, and new roofing sheet covering was laid. The attic spaces were insulated with mineral wool slabs to stabilize the temperature and humidity conditions.

    Glazed tiles with decorative inserts on Plyushchikha

    This year, the former apartment building of V.V. Kiselev at 26/2 Plyushchikha Street will also be restored. The five-story building was built before 1917 according to the design of the architect A.F. Meissner in the Art Nouveau style. The main façade has protruding parts — rectangular bay windows. The retail area of the first floor is accentuated by wide panoramic windows and is plastered. At the level of the second to fifth floors, the street facades are finished with glazed tiles with decorative inserts. The building is completed with a crowning cornice.

    The house is undergoing a renovation of its glazed tile facade. They started with clearing open surfaces and repairing the plaster layer of the first floor and bay windows. Then they applied antifungal protection. The specialists will have to carefully repair the architectural elements. The wall segments covered with glazed tiles are water-repellent. Then the facades will be painted in the color “peach cream”. In addition, the craftsmen will replace the drainpipes and repair the entrances to the building.

    Dark turquoise majolica on Sushchevskaya street

    House 9 on Sushchevskaya Street has been completely renovated. It was built in 1910 according to the project of the architect F. F. Voskresensky in the Art Nouveau style. The building is four-story in the main volume, and its two-story part adjoins from the yard. Two vertical bay windows are symmetrically placed on the main facade. Dark turquoise majolica was used in the decoration. The building is completed by a crowning cornice.

    The specialists put the facade in order and replaced a number of internal engineering systems. The large volume of restoration work was divided into stages for the convenience of residents. First, the facades were cleared of old paint and accumulated dirt. Then the craftsmen knocked off the peeling plaster and restored the damaged areas. Wet areas were treated with antifungal and antiseptic compounds, all decorative elements were cleaned and restored. The walls were painted in the color “gray fog”.

    The base of the house and the entrances to the building were also plastered, and the drainpipes were replaced.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/nevs/item/146235073/

    MIL OSI Russia News –

  • MIL-OSI Economics: Unlocking Transport Connectivity in the Caucasus and Central Asia

    Source: Asia Development Bank

    The geopolitical tensions and economic disruptions unleashed by the Russian invasion of Ukraine in February 2022 created new opportunities and challenges for transport corridors through the Caucasus and Central Asia. The transit complications through routes via the Russian Federation fostered renewed attention to the Middle Corridor and redirected trade flows through many countries of the Central Asia Regional Economic Cooperation (CAREC) region. However, infrastructural hurdles, supply chain difficulties, gaps in regional integration and connectivity, complex geographies, and high transport costs continue to limit CAREC countries’ ability to fully unlock the potential of a sustained increase in trade and development.

    Unlocking Transport Connectivity in the Caucasus and Central Asia addresses these constraints and explores ways to enhance the efficiency of transport through the Middle Corridor, offering significant economic benefits for the CAREC region. These benefits include boosting cross-border trade, gross domestic product, investment, and employment while reducing transportation costs. However, there are major barriers to infrastructural investment, including the availability and costs of long-term financing, high initial costs, investment shortfalls, high risks, and uncertain benefits.

    The book discusses key developments in transport and trade through the Middle Corridor, focusing on CAREC transport corridor growth, its trade and economic impacts, and the digital, regulatory, infrastructural, and logistical dynamics.

    MIL OSI Economics –

  • MIL-OSI Russia: An innovative method for cleaning wells from plugs was patented at Novosibirsk State University

    Translation. Region: Russian Federation –

    Source: Novosibirsk State University – Novosibirsk State University –

    Employees Center for Technology Transfer and Commercialization of Novosibirsk State University (CTTC NSU) together with colleagues Faculty of Mechanics and Mathematics of NSU patented two innovative methods for cleaning wells from asphalt-resin-paraffin deposits (ARPD), which are formed during the operation of wells. In the first version, cleaning is carried out with the help of service companies, while oil workers can use the second method themselves.

    Almost all Russian companies periodically face the need to remove heavy oil fraction deposits from wells, which significantly complicate the extraction of oil and gas.

    The standard method involves immersing a heating device into the well, which is connected to a special power cable and melts the plug like a boiler, but it requires a long supply of high current to heat it up. This technology requires the use of extremely expensive equipment, which is practically no longer supplied to our country today.

    The solutions patented by NSU are based on a burner created by Professor of the Hydrodynamics Department of the MMF NSU, Doctor of Physical and Mathematical Sciences Sergey Sukhinin and a chemical composition for it, which provides a combustion mode that effectively removes deposits without damaging the pipe itself. We have previously talked about this invention, and now ready-to-use technologies based on it have been patented.

    — The first solution is designed for service companies, it involves immersing a burner into a well on a regular geophysical cable, which is often used when working at oil and gas fields and is always available. This significantly reduces the cost and simplifies the cleaning procedure. In the second version of the technology, instead of a cable, special rods are immersed into the well, which ignite upon reaching the required depth and burn out the plug. Oil producing companies can use this method themselves, — said Deputy Director of the NSU CTTC, PhD in Engineering Andrey Savchenko.

    Patented technologies also have other advantages over known technical solutions. The combustion temperature is calculated in such a way as to guarantee the burning of paraffins that have formed the plug, and the combustion itself is directed downwards in the well so that the combustion products rise up together with the gases from the well. As a result, it is possible to avoid a situation where the melted plug thickens again in another section of the well (which periodically happens with standard cleaning methods), forcing oil workers to repeat the procedure again. This is especially important when it comes to removing extended plugs, which can be tens and hundreds of meters long.

    — Today, the technology has already attracted great interest, both its variants, both for service and for the mining companies themselves, including quite large players in this market. And now we are negotiating pilot projects for its testing in real conditions, — summed up Andrey Savchenko.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Sobyanin: The territories of the city’s MCD stations are being improved according to a single standard

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    A unified standard for accessibility of city railway stations on the Moscow Central Diameters (MCD) is being introduced in the capital. Sergei Sobyanin spoke about this in his blog.

    “Any trip on the metro or MCD begins with leaving the house. A good pedestrian path. A fast bus route with stops as close to the entrance as possible. Convenient parking or a drop-off point for taxi and personal car passengers. Bright street lighting, a cozy little square or park next to the station, where you can wait for your wife or daughter late at night — these “little things” make up the impression of the trip. And they directly affect the desire of city residents to use public transport. Perhaps this has already been forgotten, but in 2011 we began our transport program by cleaning up and improving the area around the city’s main train stations and metro stations,” the Moscow Mayor wrote.

    After the opening of the MCD, work began to make the route from residential areas to Moscow’s ground-level metro stations comfortable and safe. It is being carried out according to a single city standard, which provides for the reorganization of public transport routes, improvement of pedestrian accessibility, and the creation of a high-quality urban environment in the immediate vicinity of MCD stations.

    An example of a station where the new standard has already been implemented is Sanino MCD-4 in TiNAO.

    “Until recently, the only way to get to the city station was on foot along a forest path. Ground transportation did not stop near the station at all. Today, you can get to the Moscow city station Sanino MCD-4 on foot, by car or by public transport. A turning circle has been created for buses, modern waiting pavilions have been installed at the entrance to the station, and new routes have been organized. Pedestrian crossings are equipped with contrasting lighting,” said Sergei Sobyanin.

    Not far from Sanino there is another Moscow city railway station – Kokoshkino. To get to it by the shortest route, residents of the new quarters used popular paths. Inconveniently located stops, lack of parking – all this also significantly complicated daily trips.

    Thanks to the extension of the road and the well-thought-out planning of the territory, a new direct pedestrian and car route was created. Public transport stops were placed 10 meters from the entrance to the city station. A quick drop-off zone for taxis and private cars was organized. In addition, intercepting parking lots were equipped.

    Wide sidewalks with safe crossings across the roadway now lead to residential areas. A small green park has been created near residential buildings.

    Among the unique projects implemented is Poklonnaya MCD-4. As a result, the new city station became a link between the Ramenki and Dorogomilovo districts.

    For this purpose, a pedestrian bridge was built across the railway tracks and stairways leading to General Dorokhov Avenue, General Yermolov Street and the nature reserve in the Setun River valley.

    Now residents of Pudovkina Street and 2nd Mosfilmovsky Lane, who just a few years ago had only one metro station, Kievskaya, which they had to get to by bus for about half an hour, can use the new Poklonnaya station of the MCD-4 and Park Pobedy of the Solntsevskaya and Arbatsko-Pokrovskaya metro lines.

    Sergei Sobyanin added that work is currently underway to improve accessibility at several more stations: Shcherbinka MCD-2, Kosina MCD-3, as well as Solnechnaya, Kuskova, Begovaya MCD-4. The first stage of work has been completed near the Serp i Molot station of the fourth Moscow Central Diameter. In 2025, improvements there will continue as part of the second stage.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/major/themes/11982050/

    MIL OSI Russia News –

  • MIL-OSI Russia: NSU student wins prize at All-Russian KS 2024 championship among students

    Translation. Region: Russian Federation –

    Source: Novosibirsk State University – Novosibirsk State University – This year, out of 348 participants representing dozens of universities across Russia, 19 senior students made it to the finals. The finalists created original projects based on KS (Knowledge Space – a system for digitalizing management processes). Student EhFaculty of Economics, NSUVarvara Lebedinskaya won the prize in the nomination “High-Quality Visual Solution”.

    The championship was held in two rounds. In the first round, a video recording was posted on the organizers’ working website system, and the participants had to repeat exactly what was shown in the video. At this stage, a significant number of participants dropped out, since the video had to repeat some details that seemed unnoticeable at first glance. In the second round, it was necessary to create your own project “from scratch”.

    — The no-code concept (creating programs and services without writing code) was new to me. More precisely, I had heard about programming languages that include others, but that practically had no code at all… And it was also a revelation to me that there are companies that do this on a professional level. I learned that I have a tendency to make simple mistakes, especially due to carelessness, — Varvara says.

    The winners, prize winners and laureates of the championship were representatives of different cities and regions of Russia: St. Petersburg, Novosibirsk, Orenburg, Moscow. The winners of the competition were Ekaterina Verkhoturova (SPbSU) and Kirill Golovanov (MIREA), who created the most interesting, voluminous and complex projects.

    — I saw that there was a difference between me and the winners (at the announcement of the results they showed a few of our projects, noted the strengths and weaknesses) and it was noticeable, so I was not very upset. And the fact that my work was recognized and highly appreciated is very nice, — Varvara shared her emotions.

    Reference: The All-Russian KS Championship has been held since 2023, it is dedicated to the processes of modeling and creating IT products based on the no-code platform Knowledge Space. The organizer is the company “Integrated Management Systems”. Undergraduate students of senior years (from 3rd) and graduate students aged 20 to 23 can participate in the Championship.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Historical reconstructions, creative master classes and more: what awaits guests of the Moskino cinema park this weekend

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    This weekend, visitors to the Moskino Cinema Park will be able to travel to the lands of Red Rus’ in the 11th century and witness the bloody struggle for territories bordering the Polish Principality. On November 9 and 10, reenactors will recreate events related to the campaigns of Yaroslav the Wise. Thematic excursions, exhibitions and historical master classes have also been prepared for guests. Live music will also be playing in the cinema park all weekend.

    Entrance to events on November 9 and 10 by tickets. You can buy and pay for them only online, cash payment is not provided. In case of visiting only the cinema, purchasing a ticket to enter the Moskino cinema park is not required. Parking in a personal car when visiting the cinema park is free.

    See historical battles and master ancient crafts

    These days, the Moskino cinema park will become the arena of events from 1030–1031. The border towns of Przemysl and Cherven, first annexed after the Baptism of Rus during the reign of Vladimir the Saint, had been the subject of a dispute between the neighbors since the 10th century. It was these lands that Yaroslav’s brother Svyatopolk the Accursed gave to the Polish king in exchange for troops to help in the struggle for power over Rus. Prince Yaroslav the Wise put an end to his brother’s claims and recaptured the territories on the border with Poland.

    Guests of the Moskino cinema park will see military shows and professional productions dedicated to the events of those years. At 11:00 and 16:00 viewers will see the drill training of squads dressed in authentic costumes of warriors of those times.

    At the Cathedral Square site at 12:00 you can cheer for the participants of the squad tournament, and at 14:00 you can listen to a lecture on “Clothing of the inhabitants of Rus”. At 17:30 you can see the battle of the troops of Yaroslav the Wise and the army of the Polish king Boleslav I. About 80 people will take part in the detailed reconstruction.

    At 15:00 in the culinary lecture hall, everyone will be shown how to prepare dishes according to old and traditional recipes. Among them are meat and bean soups, homemade cheese, smoked brisket, onion jam, as well as juicy chicken on the fire, pork ribs smoked in a cauldron and hearty pork roast.

    These days, the cinema park will organize three excursion routes at once through several exhibitions. The first exhibition will show unique costumes from the 9th–11th centuries, the second will demonstrate various military equipment from the 11th century. During a visit to the third exhibition, guests will learn the most interesting details related to the life of Rus’ in the 11th century. The excursions last 20 minutes and will take place in turns throughout the day — from 10:00 to 18:00. The meeting place is the stele near the display cases with historical exhibits.

    At the master classes, participants will be offered to try themselves in the role of a blacksmith and candle maker, master the technique of printing on fabric, the basics of calligraphy and carpet weaving, learn the basics of wood and soapstone carving, and also take part in the production of beads and amulet dolls, practice minting coins and soap making. Guests will learn how jewelers worked without microscopes and bright lighting, how armor was created, visit a warrior school and military training classes, and visit a gunsmith and tanner.

    And military equipment from the 20th century can be seen in the parking lot in front of the Vadim Zadorozhny Museum of Equipment. The exhibition “Behind the Ribbon” presents airborne and infantry armored vehicles, support vehicles such as the BMD-1, BTR-60, BTR-70, Ural-375, GAZ-66, BTR-60 and others.

    Get creative and go on a film trip

    On 25 sites of the cinema park, all comers will find active games and other events. For example, you can shoot a bow, fight on tyambars and manually start a fire. Guests will also be offered to play board games “Tavley”, “Mill”, “Fox and Geese”, “Daldosa”.

    You can also take a fascinating journey through your favorite films. For example, the Uyezdny Gorod site will host the premiere of a staged shoot based on Mikhail Kozakov’s famous film Pokrovskie Vorota. Guests will be able to play their favorite characters: Velyurov, Kostik, Margarita, or Khobotov. The shoot will take place from 10:00 to 18:00.

    The Pitersky Bar venue will turn into the legendary Three Minnows tavern from the Buratino fairy tale. Guests will act out a scene fragment together with the fox Alice and the cat Basilio. You can take a souvenir photo dressed as the fairytale character.

    At the Moscow in the 1940s site, you can immerse yourself in the atmosphere of the post-war capital, try on the image of the heroes of that time and take photos.

    In the educational center of the Moskino cinema park, young Muscovites will take part in master classes. Thus, at the string art master class, children, under the guidance of experienced craftsmen, will create works of art by forming images from threads. And at another, they will make a movie clapperboard, a device used for sound synchronization during filming. Children will be taught how to depict emotions using face painting and oil paint at a master class on face painting with special paints. Participation in the master classes is paid.

    On the first floor of the educational center you can also buy a ticket for a walking tour. Starting at 11:00, 12:00, 14:00 and 15:00.

    Children are welcome in the Fairytale Park. In the castle, they will learn teamwork when moving cubes from one sector to another, and will demonstrate their accuracy in the Ring Toss. And at the Snake Catcher station, children will have a fun game with a rope and islands. In addition, children will take part in the Horseman relay race with a toy horse and sword, the Spinner game, and in balls.

    Become a star and watch a movie

    All visitors to the Media Academy of the film park will be able to unleash their creative potential this coming weekend. There will be classes on acting, where they will teach how to create memorable images, tell the secrets of stage speech, plasticity and movement, and also introduce various acting techniques.

    Guests are also welcome to a dance master class, where participants will be able to create their own style of movement to music. And in the “Sing Like in the Movies!” classes, vocal teachers will teach you how to control your breathing, help you understand how to work with the diaphragm and make your voice beautiful and expressive. Entrance is paid.

    Musical groups will perform at the Gonzaga Theatre. They will play pieces on ancient instruments such as the duduk and the bugle. In addition, viewers will be able to learn all the secrets of sword fights and understand how the knights fought in the legendary Soviet film The Ballad of the Valiant Knight Ivanhoe, the box office leader of 1983.

    At the Moskino Kinopark cinema, adults will be able to watch the drama Love of the Soviet Union, which tells about the fates of people in the 1930s, and the film Time to Live, starring Florence Pugh and Andrew Garfield. For fans of family films, the program includes a new film, The Return of Kesha the Parrot. Guests will also enjoy fairy-tale adventures in the new fantasy Tinderbox, filmed in Karelia and in the reserves of the Novgorod Region. Tickets can be purchased on the website.

    Weekend at the Moskino Cinema Park

    Immerse yourself in the world of cinema, try yourself in various creative directions and simply enjoy free time with family and friends – this is the unique opportunity that the Moskino cinema park offers its guests.

    The Moskino Cinema Park, which is part of the Moscow Cinema Cluster, is part of Sergei Sobyanin’s Moscow — City of Cinema project. The first stage of its development has already been completed: 18 natural sites, four pavilions and six infrastructure facilities have been built. Among them are the sets of Moscow Center, Moscow in the 1940s, Vitebsk Station, Yurovo Airport, Cathedral Square, Deaf Village, County Town, Cowboy Town, St. Petersburg Bar and other sites.

    The capital’s film cluster also includes the Maxim Gorky Film Studio (sites on Sergei Eisenstein Street and Valdaisky Proezd), the Moskino cinema chain, the Moskino film factory, the Moskino film commission, and the Moskino film platform.

    The President of Russia and the Mayor of Moscow ceremoniously opened the Moskino cinema parkFrom Ancient Rus’ to Our Time: Which Sites of the Moskino Cinema Park Can You Immerse Yourself in Different ErasVitebsk railway station, Cathedral square and the plane cabin. Exploring the Moskino cinema park

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/nevs/item/146236073/

    MIL OSI Russia News –

  • MIL-OSI Global: Trump takes first swing states of North Carolina and Georgia after voting passes peacefully

    Source: The Conversation – UK – By Dafydd Townley, Teaching Fellow in International Security, University of Portsmouth

    Donald Trump looked poised to take some key battleground states this morning as votes continue to be counted. The Republicans were also being predicted to take control of the Senate.

    North Carolina with its 16 electoral college votes was called for Trump in the early hours of the morning, and another key east coast state, Georgia and its 16 electoral college votes, was also predicted to have been gained by Trump. Trump won other major states, from Iowa to Texas, with a strong showing at the polls.

    As well as this, Republicans have taken back control of the Senate as they were forecast to, after Democrats lost their slender lead. If Trump is victorious, this will provide him with the congressional support he needs to get his appointees ratified and pass laws without obstruction.

    Turnout has been impressive and initial speculation is that Trump has surpassed his rural support from 2020 while Democrat Kamala Harris only matched the suburban numbers that Biden achieved four years ago. NBC exit polls also showed Trump had more support from voters under 30 than any Republican candidate since 2008.

    The BBC reported that early exit polls indicated that voters were most concerned with the state of the democracy (35%) with the economy coming a close second (31%).

    These concerns have led to a turnout that will be just below the 2020 figures, according to Professor Michael McDonald, of the University of Florida.

    In too-close-to-call battleground state Pennsylvania, it was reported that voters were queueing in their hundreds over an hour before the polls opened at 7am.

    In Michigan, another key state in the election, officials said that those voters who had voted early – both the absentee and in-person votes – numbered almost as many as the total votes for the 2020 election.

    Michigan’s Secretary of State, Jocelyn Benson, said that the state was “on pace to see another high turnout election with voters all across the state enthusiastic and engaged”. And much of it was done in a good atmosphere with election chairperson Jennifer Jenkins telling reporters that it was “good vibes all around”.

    Safety concerns

    Concerns about whether election day would pass peacefully have not kept voters away.

    As revealed in a memo obtained by the non-partisan group, Property of the People, the Department of Homeland Security had issued a warning in September that election infrastructure was “an attractive target for some domestic violent extremists” particularly those with “election-related grievances” who seek to disrupt the democratic process and election operations.

    In the nation’s capital, Washington DC, police arrested a man who was stopped during the screening process at the US Capitol visitor centre. Authorities stated that he smelled like gasoline and had a torch lighter, flare gun and papers he intended to deliver to Congress.

    Capitol Police Chief J. Thomas Manger, speaking at a press conference shortly after the incident, stated that “there is no indication right now that it had anything to do with the election”.

    The greatest threat to the smooth running of the election on polling day seemed not to come from domestic perpetrators but from foreign interference, particularly in the crucial swing state races.

    Several polling stations in Georgia, Michigan, Arizona and Wisconsin were the victims of hoax bomb threats that caused temporary closures of the sites. The threats were believed to be sent by emails that were traced back to Russian email domains.

    In Navajo County in Arizona, four polling stations were the target of bomb threats. Arizona Secretary of State Adrian Fontes told reporters that election officials in the state had “no reason to believe that any of our voters or any of our polling places are in any sort of jeopardy.”

    “We also have reason to believe, although I won’t get into specifics, that this comes from one of our foreign enemies, namely Russia,” he continued.

    In Pennsylvania, Governor Josh Shapiro announced at a press conference that there had been multiple bomb threats at polling stations and municipal centres across the state.

    Shapiro, who was at one time thought of as a potential running mate for Harris, revealed that “state and local law enforcement – along with the FBI – are investigating these threats and thus far, there is no credible threat to the public”.

    This came after reports emerged of at least ten polling locations in Philadelphia and in surrounding areas were sent a bomb threat via email at 6pm local time.

    Republican Georgia Secretary of State Brad Raffensperger accused Russia of being the cause of the threats aimed at polling locations in the southern state. “They don’t want us to have a smooth, fair and accurate election, and if they can get us to fight among ourselves, they can count that as a victory,” he told reporters.

    The FBI stated that it was aware of the threats and that many appeared “to originate from Russian email domains”. The Russian embassy in Washington denied the threats.

    Last Thursday, Georgia was also the subject of what the US intelligence community called a disinformation campaign designed to cast doubt on the legitimacy of the election result through an online video that “depicted individuals claiming to be from Haiti and voting illegally in multiple counties in Georgia”.

    Researchers at Clemson University in South Carolina identified the work as being that of Russian disinformation group Storm -1516. Darren Linvill of Clemson University, stated that Russian group had “turned their focus squarely on the US election.”

    And the integrity of this election took a further hit when Republican candidate Donald Trump made unfounded accusations on social media platform Truth Social of election fraud in Philadelphia, a must-win state for the former president.

    Philadelphia District Attorney Larry Krasner said through a spokesperson that “the only talk about massive cheating has come from one of the candidates, Donald J. Trump. There is no factual basis whatsoever within law enforcement to support this wild allegation”.

    Experts have warned that such campaigns could give momentum to accusations that the election is not legitimate and that this, in turn, could trigger post-election violence.

    As the results come in, America holds it breath that any potential transition of power will be more peaceful than four years ago.

    Dafydd Townley does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Trump takes first swing states of North Carolina and Georgia after voting passes peacefully – https://theconversation.com/trump-takes-first-swing-states-of-north-carolina-and-georgia-after-voting-passes-peacefully-242716

    MIL OSI – Global Reports –

  • MIL-OSI Russia: Sobyanin: Special attention is paid to architectural details of buildings during restoration

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    The capital’s restorers are returning the original appearance of historical buildings in Moscow. In doing so, the specialists pay special attention to details. About this in his telegram channel written by Sergei Sobyanin.

    “The architectural appearance of the capital has been formed over many centuries. Characteristic features

    objects of cultural heritage give unique details. At restorations “They are always given special attention,” the Mayor of Moscow noted.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin 

    For example, now specialists The skylights of the P.I. Tchaikovsky Concert Hall are being restored. These special roof structures are a rare element. They are necessary for natural lighting of the premises.

    Craftsmen are also working on the facades of O. P. Korobkova’s mansion on Pyatnitskaya Street. The comprehensive restoration of the building was completed in 2015. It’s time to slightly update the base and tidy up the stucco decor, including the main decoration of the mansion – the supporting supports in the form of female figures. According to legend, one of the caryatids was created based on the portrait of the mistress of the house.

    “They plan to put in order the massive stucco shield of the apartment building with the Alpine Rose restaurant on Pushchnaya Street. The facades, granite facing of the base, elements of the baluster with a handrail, finishing of the half-columns, flowerpots and pedestals of the parapet fencing of the roof will also be restored,” added Sergei Sobyanin.

    In addition, restorers are going to return the historical appearance of the facades of the L.Ya. Geltishcheva mansion in Sredniy Ovchinnikovsky Lane. They will have to work especially carefully on the paired name monogram on the main facade, since the left one was completely lost.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/major/themes/11994050/

    MIL OSI Russia News –

  • MIL-OSI: OSB GROUP PLC – Q3 Trading Update

    Source: GlobeNewswire (MIL-OSI)

    LEI: 213800ZBKL9BHSL2K459

    OSB GROUP PLC: Trading update

    Published: 6.11.2024

    OSB GROUP PLC

    Q3 Trading update

    OSB GROUP PLC (OSBG or the Group), the specialist lending and retail savings group, today issues its trading update for the period from 1 July 2024 to date.  

    Key highlights for the period

    The Group maintained its lending discipline with organic originations of £0.9bn in the third quarter of 2024 (Q3 2023: £1.3bn), as demand in our core sub-segments remained in line with previous expectations. Underlying1 and statutory net loans increased by 2% in the nine months to 30 September to £26.3bn (31 December 2023: £25.7bn and £25.8bn, respectively). Our renewed focus on Commercial Mortgages, Bridging Finance and Asset Finance is progressing, with an increase in applications in each of these sub-segments received in the third quarter. We now expect underlying net loan book growth of slightly under 3% for 2024.

    Underlying net interest margin guidance is unchanged at 230bps–240bps for 2024 as higher yielding mortgages in the back book roll off to current prevailing spreads and as the market observes slightly elevated fixed term retail deposit pricing. The Group continues to evaluate customer behaviour in the reversion period throughout the fourth quarter and will assess this as part of the usual year-end process. The potential future impact of Precise Buy-to-Let customers spending less time on reversion will reduce significantly over the next two years as these mortgages reach maturity.

    The Group continues to focus on cost control with proactive actions to make its business-as-usual cost base more efficient. At the same time, we continue to invest in the digitalisation of our core platform and customer facing propositions. In October the Group launched the first product on its new savings platform to Kent Reliance customers and will expand the range of products available over the coming months. The expected underlying cost to income ratio remains at c.36% for 2024.

    Three months plus arrears balances increased by 10bps to 1.7% as at 30 September (30 June 2024: 1.6%) in line with management expectations as long-term fixed rate mortgages mature and transfer to higher prevailing rates. The Group’s secured loan book benefitted from a small impairment release in the third quarter as the Group adopted improved forward-looking macroeconomic scenarios.

    Capital and liquidity remain strong and the Group is reviewing the recently published Basel 3.1 capital standards which will be implemented on 1 January 2026. There remain areas of clarification and until these are finalised, our guidance on the impact for the Group at implementation is unchanged at slightly less than two percentage points on the Group’s CET1 ratio which stood at 16.2% at 30 June 2024. The Group has repurchased £32.1m worth of shares under the £50m repurchase programme announced in August.2

    Andy Golding, CEO of OSB GROUP PLC, said:

    “Looking forward, whilst challenges remain, there are signs of a gradual return of confidence in our core markets and we are seeing increased applications in our more cyclical businesses. The potential impact on the future plans of professional landlords due to the increase in stamp duty on second properties introduced following the recent budget is being monitored. We have a diversified loan book with proven capabilities in multi-property professional Buy-to-Let lending and specialist residential mortgages and continue to invest in our business to ensure it is fit for the future.”

    1. Underlying refers to results which exclude acquisition-related items arising from the Combination with CCFS
    2. As at market close on 5 November 2024

    Financial calendar for 2025*

    13 March 2025 2024 year end results
    30 April 2025 Q1 trading update
    8 May 2025 AGM
    20 August 2025 2025 half year results
    6 November 2025 Q3 trading update

    * All dates are subject to change

    Enquiries:

    OSB GROUP PLC

    Alastair Pate, Investor Relations        t: 01634 838 973

    Brunswick Group         

    Robin Wrench / Simone Selzer        t: 020 7404 5959

    About OSB GROUP PLC
    OneSavings Bank plc (OSB) began trading as a bank on 1 February 2011 and was admitted to the main market of the London Stock Exchange in June 2014 (OSB.L). OSB joined the FTSE 250 index in June 2015. On 4 October 2019, OSB acquired Charter Court Financial Services Group plc (CCFS) and its subsidiary businesses. On 30 November 2020, OSB GROUP PLC became the listed entity and holding company for the OSB Group. The Group provides specialist lending and retail savings and is authorised by the Prudential Regulation Authority, part of the Bank of England, and regulated by the Financial Conduct Authority and Prudential Regulation Authority. The Group reports under two segments, OneSavings Bank and Charter Court Financial Services.

    OneSavings Bank (OSB)
    OSB primarily targets market sub-sectors that offer high growth potential and attractive risk-adjusted returns in which it can take a leading position and where it has established expertise, platforms and capabilities. These include private rented sector Buy-to-Let, commercial and semi-commercial mortgages, residential development finance, bespoke and specialist residential lending, secured funding lines and asset finance.

    OSB originates mortgages via specialist brokers and independent financial advisers through its specialist brands including Kent Reliance for Intermediaries and InterBay Commercial. It is differentiated through its use of highly skilled, bespoke underwriting and efficient operating model.

    OSB is predominantly funded by retail savings originated through the long-established Kent Reliance name, which includes online as well as a network of branches in the Southeast of England. Diversification of funding is currently provided by securitisation programmes and the Bank of England’s Term Funding Scheme with additional incentives for SMEs.

    Charter Court Financial Services Group (CCFS)
    CCFS focuses on providing Buy-to-Let and specialist residential mortgages, mortgage servicing, administration and retail savings products. It operates through its brands: Precise and Charter Savings Bank.

    It is differentiated through risk management expertise and automated technology and systems, ensuring efficient processing, strong credit and collateral risk control and speed of product development and innovation. These factors have enabled strong balance sheet growth whilst maintaining high credit quality mortgage assets.

    CCFS is predominantly funded by retail savings originated through its Charter Savings Bank brand. Diversification of funding is currently provided by securitisation programmes and the Bank of England’s Term Funding Scheme with additional incentives for SMEs.

    Important disclaimer

    This document should be read in conjunction with any other documents or announcements distributed by OSB GROUP PLC (OSBG) through the Regulatory News Service (RNS). This document is not audited and contains certain forward-looking statements with respect to the business, strategy and plans of OSBG, its current goals, beliefs, intentions, strategies and expectations relating to its future financial condition, performance and results. Such forward-looking statements include, without limitation, those preceded by, followed by or that include the words ‘targets’, ‘believes’, ‘estimates’, ‘expects’, ‘aims’, ‘intends’, ‘will’, ‘may’, ‘anticipates’, ‘projects’, ‘plans’, ‘forecasts’, ‘outlook’, ‘likely’, ‘guidance’, ‘trends’, ‘future’, ‘would’, ‘could’, ‘should’ or similar expressions or negatives thereof but are not the exclusive means of identifying such statements. Statements that are not historical or current facts, including statements about OSBG’s, its directors’ and/or management’s beliefs and expectations, are forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend upon circumstances that may or may not occur in the future that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Factors that could cause actual business, strategy, plans and/or results (including but not limited to the payment of dividends) to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements made by OSBG or on its behalf include, but are not limited to: general economic and business conditions in the UK and internationally; market related trends and developments; fluctuations in exchange rates, stock markets, inflation, deflation, interest rates, energy prices and currencies; policies of the Bank of England, the European Central Bank and other G7 central banks; the ability to access sufficient sources of capital, liquidity and funding when required; changes to OSBG’s credit ratings; the ability to derive cost savings; changing demographic developments, and changing customer behaviour, including consumer spending, saving and borrowing habits; changes in customer preferences; changes to borrower or counterparty credit quality; instability in the global financial markets, including Eurozone instability, the potential for countries to exit the European Union (the EU) or the Eurozone, and the impact of any sovereign credit rating downgrade or other sovereign financial issues; technological changes and risks to cyber security; natural and other disasters, adverse weather and similar contingencies outside OSBG’s control; inadequate or failed internal or external processes, people and systems; terrorist acts and other acts of war (including, without limitation, the Russia-Ukraine war, the Israel-Hamas war and any continuation and escalation of such conflicts) or hostility and responses to those acts; the conflict in the Middle East; geopolitical events and diplomatic tensions; the impact of outbreaks, epidemics and pandemics or other such events; changes in laws, regulations, taxation, ESG reporting standards, accounting standards or practices, including as a result of the UK’s exit from the EU; regulatory capital or liquidity requirements and similar contingencies outside OSBG’s control; the policies and actions of governmental or regulatory authorities in the UK, the EU or elsewhere including the implementation and interpretation of key legislation and regulation; the ability to attract and retain senior management and other employees; the extent of any future impairment charges or write-downs caused by, but not limited to, depressed asset valuations, market disruptions and illiquid markets; market relating trends and developments; exposure to regulatory scrutiny, legal proceedings, regulatory investigations or complaints; changes in competition and pricing environments; the inability to hedge certain risks economically; the adequacy of loss reserves; the actions of competitors, including non-bank financial services and lending companies; the success of OSBG in managing the risks of the foregoing; and other risks inherent to the industries and markets in which OSBG operates.

    Accordingly, no reliance may be placed on any forward-looking statement. Neither OSBG, nor any of its directors, officers or employees provides any representation, warranty or assurance that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Any forward-looking statements made in this document speak only as of the date they are made and it should not be assumed that they have been revised or updated in the light of new information of future events. Except as required by the Prudential Regulation Authority, the Financial Conduct Authority, the London Stock Exchange PLC or applicable law, OSBG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this document to reflect any change in OSBG’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. For additional information on possible risks to OSBG’s business, (which may cause actual results to differ materially from those expressed or implied in any forward-looking statement), please see the Risk review section in the OSBG Annual Report and Accounts 2023. Copies of this are available at www.osb.co.uk and on request from OSBG.

    Nothing in this document or any subsequent discussion of this document constitutes or forms part of a public offer under any applicable law or an offer or the solicitation of an offer to purchase or sell any securities or financial instruments. Nor does it constitute advice or a recommendation with respect to such securities or financial instruments, or any invitation or inducement to engage in investment activity under section 21 of the Financial Services and Markets Act 2000. Past performance cannot be relied on as a guide to future performance. Statements about historical performance must not be construed to indicate that future performance, share price or results in any future period will necessarily match or exceed those of any prior period. Nothing in this document is intended to be, or should be construed as, a profit forecast or estimate for any period.

    In regard to any information provided by third parties, neither OSBG nor any of its directors, officers or employees explicitly or implicitly guarantees that such information is exact, up to date, accurate, comprehensive or complete. In no event shall OSBG be liable for any use by any party of, for any decision made or action taken by any party in reliance upon, or for inaccuracies or errors in, or omission from, any third-party information contained herein. Moreover, in reproducing such information by any means, OSBG may introduce any changes it deems suitable, may omit partially or completely any aspect of the information from this document, and accepts no liability whatsoever for any resulting discrepancy.

    Liability arising from anything in this document shall be governed by English law, and neither OSBG nor any of its affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document. Nothing in this document shall exclude any liability under applicable laws that cannot be excluded in accordance with such laws.

    Certain figures contained in this document, including financial information, may have been subject to rounding adjustments and foreign exchange conversions. Accordingly, in certain instances, the sum or percentage change of the numbers contained in this document may not conform exactly to the total figure given.

    Non-IFRS performance measures

    OSBG believes that any non-IFRS performance measures included in this document provide a more consistent basis for comparing the business’ performance between financial periods and provide more detail concerning the elements of performance which OSBG is most directly able to influence or which are relevant for an assessment of OSBG. They also reflect an important aspect of the way in which operating targets are defined and performance is monitored by the Board. However, any non-IFRS performance measures in this document are not a substitute for IFRS measures and readers should consider the IFRS measures as well. For further details, refer to the Alternative Performance Measures section in the OSBG Annual Report and Accounts 2023. Copies of this are available at www.osb.co.uk and on request from OSBG.

    The MIL Network –

  • MIL-OSI Russia: Renovation program: 30 new buildings are being built on the site of old houses in the South-East Administrative District

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    In the South-Eastern Administrative District (SEAD) of the capital, 30 new buildings are being built on the site of old housing stock under the renovation program. This was reported by the Deputy Mayor of Moscow for Urban Development Policy and Construction Vladimir Efimov.

    “The South-Eastern Administrative District is one of the leaders in relocating residents from old housing stock to new buildings under the renovation program. Thus, today in the southeast of the capital, 135 houses have been resettled, 81 of which have already been dismantled. Now 30 new buildings are being erected on the site of the demolition. The total area of apartments in them will exceed 480 thousand square meters. This will provide new housing to about 17 thousand city residents,” said Vladimir Efimov.

    According to the renovation program in the South-East Administrative District, 818 houses are to be resettled. More than 164 thousand city residents will move into new apartments.

    “The houses being built on the sites of demolished buildings are located in seven districts of the South-East Administrative District and are designed for approximately 8.5 thousand apartments. The leader in terms of construction is the Kuzminki district, where 10 residential complexes are being built under the renovation program – almost 2.9 thousand apartments with finished improved finishing will appear here. Nine houses are being built in Lublin, designed for a total of almost 2.6 thousand apartments, and in the Ryazan district – four buildings, which will house more than 1.7 thousand apartments,” added the Minister of the Moscow Government, head of the capital’s Department of Urban Development Policy

    Vladislav Ovchinsky.

    In the South-Eastern Administrative District, 135 houses have already been resettled, where more than 24.6 thousand people lived. In the Lyublino district, almost 6.1 thousand city residents from 31 completely resettled houses have become the owners of new apartments. In Kuzminki, more than 5.8 thousand residents have moved from 29 completely vacated buildings, noted the Minister of the Moscow Government, Head of the Department of City Property Maxim Gaman.

    In addition, in the Nizhegorodsky District, more than 3.5 thousand city residents from 24 resettled houses signed contracts for new apartments under the renovation program, in the Lefortovo District – over 2.5 thousand residents from 17 such houses. In the Ryazansky District, 16 buildings were completely resettled, almost 3.2 thousand people received new apartments.

    As the Chairman of the Moscow State Construction Supervision Authority noted Anton Slobodchikov, the south-east of the capital is also leading in terms of the volume of prospective construction under the renovation program. Since the beginning of the year, the State Construction Supervision Committee of the City of Moscow has issued permits for the construction of seven buildings in the South-East Administrative District, designed for a total of more than 2.3 thousand apartments with an area of over 134.6 thousand square meters. New buildings will appear in the Vykhino-Zhulebino, Lyublino, Kuzminki and Ryazansky districts.

    Renovation program approved in August 2017. It concerns about a million Muscovites and provides for the resettlement of 5,176 houses. In 2023 alone, 59 new buildings in the capital were handed over for settlement and the relocation of over 47 thousand people was ensured. Earlier, Sergei Sobyanin ordered to increase the pace of implementation of the renovation program has doubled. For these purposes, the draft budget for three years 1.2 trillion rubles have been pledged.

    Moscow is one of the leaders among regions in terms of construction rates and volumes. Over the past five years, within the framework of the federal project “Housing” of the national project “Housing and Urban Environment” the volume of construction and commissioning of residential properties in the capital has doubled – from three million to five to seven million square meters per year. More information about the national projects being implemented in Moscow can be found find out here.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/nevs/item/146154073/

    MIL OSI Russia News –

  • MIL-OSI Russia: 387 properties have been purchased by small and medium-sized businesses under preemptive rights since the beginning of the year

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Since the beginning of the year, tenants of capital real estate have bought out almost 400 properties under the right of first refusal. This was reported by the Minister of the Moscow Government, Head of the Department of City Property Maxim Gaman.

    “Small and medium-sized businesses that rent buildings and non-residential premises from the city can buy them out under the right of first refusal. Over the first nine months of 2024, entrepreneurs have privatized 387 properties with a total area of almost 57 thousand square meters in this way. This is 32 percent more than in the same period last year, which indicates high business activity in the capital,” said Maxim Gaman.

    Preemptive redemption is a measure to support small and medium-sized businesses. It is available to entrepreneurs who have been renting real estate from the city for at least one year and have been included inregister of small and medium-sized businesses (SMEs). The lease term for non-residential premises sold at auctions for small businesses is at least two years. The property has been in thelist of objects, intended for SMEs.

    Transactions are concluded without holding auctions. The value of the object in this case is equal to the market value, it is determined by independent appraisers. Tenants can buy the property in installments from five to seven years. The overwhelming majority of entrepreneurs use this.

    Among the registered properties are more than 380 premises with a total area of over 53.5 thousand square meters, as well as three buildings with an area of over 2.7 thousand square meters.

    The most popular properties among entrepreneurs are in the city center. SMEs bought 65 premises and two separate buildings with a total area of almost 11.6 thousand square meters in the Central Administrative District. In the south of the capital, small and medium businesses registered 50 premises as their property, with a total area of approximately 6.6 thousand square meters, and in the southwest — more than 40 properties with an area of about eight thousand square meters.

    To buy out the property, the tenant can use the state online service “Paid alienation of real estate leased by small and medium-sized businesses from the state property of the city of Moscow”. Sales and purchase agreements are concluded electronically.

    Development of electronic services for business corresponds to the objectives of the national project “Digital Economy”. You can find out more about this and other national projects being implemented in Moscow Here.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/nevs/item/146230073/

    MIL OSI Russia News –

  • MIL-OSI Russia: The Art of Numbers: Moscow to Select Best Accountants

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    The “Stars of the Profession” tournament for employees of the capital’s centralized accounting departments will take place from November 18 to 22. It is timed to coincide with the professional holiday – Accountant’s Day.

    “For the third year, our tournament has brought together the best employees of the city’s centralized accounting departments, inspiring them to further development. For them, this is an opportunity to go beyond their daily work, demonstrate their professional qualities, communicate with colleagues, exchange experiences and new ideas. And for us, it is an opportunity to form a team of like-minded people who are capable of not only maintaining a high level of professionalism, but also improving the centralized accounting system,” she noted.

    Elena Zyabbarova, Minister of the Moscow Government, head of the capital’s Department of Finance.

    The project to centralize budget accounting has been implemented in Moscow since 2018. The unified model allows for the regulation and unification of accounting operations, the generation of reports automatically, and the increase in the productivity of accountants.

    More details about the rules of participation in the tournament

    The “Stars of the Profession” tournament is part of this large-scale project. One centralized accounting office can put up several teams of six people for the competition. Applications are accepted until November 14 on the website.

    Accountants will have to make a video business card and go through three stages: two remote and one in-person. Participants will begin their path to victory on November 18 with an online test of logic, attention, as well as the ability to write texts and work with numbers. On November 19, there will be another test of knowledge of regulatory and legal acts in the field of accounting.

    The teams that score the maximum points after two qualifying rounds will advance to the final. It will be held on November 22 in the Smart City pavilion at VDNKh. Ten finalists will compete there. They will be asked to solve accounting problems and analyze non-standard cases. The teams will be evaluated by a competent jury, which will include representatives of the Ministry of Finance and the Federal Treasury of the Russian Federation.

    The five final rounds are united by the common theme “Back to the Future”. In the first round “Cyber Warm-up”, the captains will have to travel in virtual space and complete various tasks. In the second stage “Triathlon”, the teams will be divided into pairs, each of which will have to solve a professional case. In the “Relay” round, all members of each team will have to pass the test.

    Only the five teams with the best results advance to the fourth round, called “Skeet Shooting”. This competition resembles a brain ring: the team that presses the button first is the one who answers. The most difficult final round is called “Grandmaster” – its results determine who will win the competition.

    “The Moscow Government employs ambitious, talented and motivated specialists. Their development is one of the important focuses of attention for the HR Services Department. At the “Stars of the Profession” tournament, colleagues from centralized accounting departments can not only make a name for themselves and receive expert recognition, but also exchange best practices from their field,” noted the head of the HR Services Department of the Moscow Government.

    Pavel Malykhin.

    The organizers of the tournament “Stars of the Profession” are the capital’s departments of finance Andinformation technology, as well as the Moscow Government’s Personnel Services Department. You can watch the video broadcast of the final on the Telegram channel “Open Budget of Moscow”.

    The first “Stars of the Profession” tournament was held in 2022. At that time, the event received a lot of positive feedback, so it was decided to make it an annual event. The project was recognized as the winner of the all-Russian competition “Best HR practices and initiatives in the system of state and municipal administration”, organized by the Ministry of Labor and Social Protection of the Russian Federation.

    Moscow continues to develop a centralized accounting system. It is expected that by the end of 2025 it will cover more than 1.5 thousand, or almost 80 percent, of the capital’s state institutions. More information about the project is on the portal “Open Budget of the City of Moscow” and in the telegram channel “Open Budget of Moscow”.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/nevs/item/146238073/

    MIL OSI Russia News –

  • MIL-OSI Russia: Excursion without a reason: Russpass offers original ideas for walks around the capital

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    The online publication “Russpass-magazine” has published a selection of short routes around Moscow. City residents and tourists are invited to arrange city tour for the price of one trip with the Troika card, as well as take a walk near one of the city’s train stations.

    Stations and squares

    For many, getting to know Moscow begins at the train stations, where not only long-distance trains arrive, but also express trains from airports. Tourists are offered excursions to while away the time between trips.

    So, you can take a fascinating walk by arriving at Paveletsky Station. Tourists from Saratov, Tambov, Volgograd and other cities of Russia, as well as passengers from Domodedovo Airport, arrive here. Not far from the station is Zatsepskaya Square, and if you go on foot in a straight line, then in half an hour you can reach Red Square. You can also take tram No. 38 and go to Krutitsky Podvorye. An alternative option is to stay in the vicinity of Paveletsky Station and go explore the alleys of the Zamoskvorechye district.

    The city from the tram window

    Interesting routes are not only in the center of the capital. Russpass offers to travel from the Voykovskaya metro station on tram No. 27. From the panoramic window you can see historical buildings and untouched islands of living nature. The tram goes past the complex of the Russian State Agrarian University – Moscow Agricultural Academy named after K.A. Timiryazev through former academic fields and forest dachas to the Dmitrovskaya metro station.

    A Walk Around VDNKh and the History of Food: The Most Popular Audio Tours from the Russpass ServiceTravel Builder: Russpass Helped Tourists Plan 38,000 Trips

    Service Rosspas launched in 2020. In four years, it has become an entire tourism ecosystem, with the help of which it is easy to plan a trip, book tickets and a hotel, and select excursions. Interesting facts about traveling in Russia are posted in the online publication “Russpass-magazine”. In addition, since June 2023, a portal has been operating for representatives of the tourism industry “Russpass. Business”.

    The service was created on the initiative of the Moscow Government. The project is supervised by the capital Tourism Committee together with the city Department of Information Technology.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    http://vvv.mos.ru/nevs/item/146208073/

    MIL OSI Russia News –

  • MIL-OSI Russia: Dmitry Chernyshenko: Patriotic routes will be an important topic of the anniversary forum “Travel!”

    Translation. Region: Russian Federation –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Dmitry Chernyshenko held a meeting on organizing the fifth forum “Travel!”

    November 6, 2024

    Dmitry Chernyshenko held a meeting on organizing the fifth forum “Travel!”

    November 6, 2024

    Dmitry Chernyshenko held a meeting on organizing the fifth forum “Travel!”

    November 6, 2024

    Dmitry Chernyshenko held a meeting on organizing the fifth forum “Travel!”

    November 6, 2024

    Previous news Next news

    Dmitry Chernyshenko held a meeting on organizing the fifth forum “Travel!”

    Deputy Prime Minister Dmitry Chernyshenko held a meeting on organizing the fifth Travel! forum, which will take place on June 10–15 at VDNKh. The Roscongress Foundation will act as the event operator. In 2025, the business program events will be united under the general theme of Discover Russia, which implies both familiarizing Russians with the potential and opportunities of their country, and cooperation in the field of inbound tourism.

    Opening the meeting, Dmitry Chernyshenko noted the high level of organization of the IV Russian Tourism Forum “Travel!” and the relevance of such events in modern conditions. “After the forum “Travel!” in June this year, many positive reviews were received, which indicates the relevance and significance of the event. The site was successfully chosen: the territory of VDNKh and the exhibition “Russia” created good conditions for guests and organizers. Today, interest in the forum is growing on the part of both Russian and foreign participants. An important theme of the upcoming fifth forum “Travel!” in the year of the 80th anniversary of Victory in the Great Patriotic War will be patriotic routes that will present the regions of our country,” said Dmitry Chernyshenko.

    The Deputy Prime Minister noted that federal and regional authorities, tour operators and companies working in the tourism sector should be widely represented in the exhibition part of the forum. In particular, Dmitry Chernyshenko proposed holding an exhibition of domestic equipment manufacturers for the tourism industry as part of the forum, as well as organizing a platform for the presentation of investment projects by representatives of various industries, including those planned to be implemented with support under the national project “Tourism and Hospitality Industry”. In this way, business representatives will be able to find potential partners.

    Adviser to the President of Russia, Executive Secretary of the Organizing Committee for the Preparation and Holding of the Russian Tourism Forum “Travel!” Anton Kobyakov noted that in 2024 the forum confirmed its social significance and high status as an anchor industry event, becoming a global discussion platform for discussing modern trends in the development of the tourism and hospitality industry. He spoke about the new concept of the event. “A new comprehensive approach to creating the concept and space of the forum for its guests will demonstrate the tourism potential of all 89 constituent entities of the Russian Federation and increase the international part of the exposition. Visitors will see the full diversity of travel in Russia and learn information about new resorts, tourism sites and travel formats. Traveling around the country, getting to know the sights and cultural features of a particular region contribute to the study of the culture and history of the country. Therefore, the national goal “Opportunities for Self-Realization and Talent Development” formed the basis of the national project “Tourism and Hospitality Industry”. I am sure that in order for more Russians to have the opportunity to study the cultures of peoples and the history of Russia, it is important to make travel around the country convenient, safe and interesting. This is one of the priority tasks of the entire tourism industry,” added Anton Kobyakov.

    Next year, the Travel! forum will discuss medical tourism, which is in demand within the country and is also a tool for attracting foreign guests. A large block of the program will be devoted to inbound tourism. In 2025, it is planned to expand the geography of foreign participants from friendly countries; the Ministry of Foreign Affairs and the Ministry of Economic Development have been instructed to work on this issue.

    “The goals of any tourism forum are to promote the tourism product and attract investment. We are preparing in this philosophy to give regions the opportunity to show themselves and present their achievements and products to foreign guests, and for foreign participants to demonstrate the tourism potential of their countries. This is why we now go to international exhibitions. People should come to us for this too. The festival program of the regions will take an important place this year. In addition, we have preliminarily formulated six tracks of the business program architecture. These are “digital”, transport, government regulation, personnel, development of tourist areas and a comprehensive tourist product,” said Deputy Minister of Economic Development Dmitry Vakhrukov.

    Deputy Director of the Roscongress Foundation, Director of the Russian Tourism Forum “Travel!” Vladimir Zatynaiko spoke about the year-round ecosystem of projects, which includes network events on tourism in the constituent entities of the Russian Federation. “Congress, exhibition and business events dedicated to tourism are actively developing. Examples of such events include the Sustainable Tourism Development Forum “Travel!” in Petropavlovsk-Kamchatsky, “Discover the Far East” in Khabarovsk and the St. Petersburg International Tourism Forum “Travel Hub. Travel!”, which will be held in the Northern capital from December 4 to 6, where the results of the tourism sector in 2024 will be summarized. In this regard, the Russian Tourism Forum “Travel!” is the key, central event of the year, where the main areas of development of the industry are outlined,” Vladimir Zatynaiko noted.

    This year, a program to promote Russia abroad under the Discover Russia brand was launched at the national level for the first time. The priority countries in 2024 were China, India, Bahrain and Saudi Arabia. Next year, it is planned to promote Russia’s tourism potential in Southeast Asia and expand its presence in the Persian Gulf countries.

    As part of the event, Minister of Economic Development Maxim Reshetnikov will hold an all-Russian meeting with the regions, as well as a meeting with the industry community in the format of a business dialogue.

     

    The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of national and international congress, exhibition, business, public, youth, sporting, and cultural events, created in accordance with the decision of the President of Russia.

    The Fund was established in 2007 with the aim of promoting the development of economic potential, advancing national interests and strengthening the image of Russia. The Fund comprehensively studies, analyzes, forms and covers issues of the Russian and global economic agenda. Provides administration and facilitates the promotion of business projects and attracting investments, promotes the development of social entrepreneurship and charitable projects.

    The Foundation’s events bring together participants from 209 countries and territories, more than 15,000 media representatives work annually at Roscongress venues, and more than 5,000 experts in Russia and abroad are involved in analytical and expert work.

    The Foundation interacts with UN structures and other international organizations. It develops multi-format cooperation with 212 foreign economic partners, associations of industrialists and entrepreneurs, financial, trade and business associations in 86 countries of the world, with 293 Russian public organizations, federal and regional executive and legislative bodies of the Russian Federation.

    Official telegram channels of the Roscongress Foundation: in Russian –t.te/Roscongress, in English –t.te/RoscongressDirect, in Spanish –t.te/RoscongressEsp, in Arabic –t.te/RosKongressArabik. Official website and information and analytical system of the Roscongress Foundation:roscongress.org.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: The Department of Construction Organization held the “Master’s Readings” for the first time

    Translation. Region: Russian Federation –

    Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering – Participants of the scientific and practical seminar “Master’s Readings”

    On November 2, the Department of Construction Organization of SPbGASU held a regional scientific and practical seminar “Master’s Readings”.

    “This is our first experience, and I hope it will be positive. It is already positive – we have 24 reports,” said Maxim Molodtsov, associate professor of the construction organization department, at the opening of the seminar.

    The presentations were devoted to topics relevant to the modern construction industry. Thus, students Bogdan Pismarkin, Aigul Orazdurdyeva and Daniil Koldyshev spoke about the creation of a digital platform with the working title “Jack of All Trades”. The platform is designed to search for and plan labor resources in construction. The students’ scientific supervisor is the head of the construction organization department Roman Motylev.

    According to Aigul Orazdurdyeva, one of the most critical factors in the development of construction projects is the availability of labor resources at the right time in the right volume. Construction companies face a shortage of personnel, with the risk of hiring unskilled personnel; another difficulty is the large number of contractors and subcontractors.

    The students managed to identify key problems: the lack of a universal platform for searching, selecting, checking and planning labor resources, which would combine the necessary functionality in one place; the lack of the ability to find workers with verified documents and confirmed qualifications in advance; the lack of a rating system that would inspire confidence in the customer and motivate them to perform work more efficiently.

    According to Bogdan Pismarkin, in Soviet times, the issue of shortage of blue-collar workers was resolved with the help of vocational schools (PTU), which trained specialists for various industries. In the modern world, the situation has changed, government agencies no longer regulate this issue. The demand for higher education has grown, and the popularity of Internet professions is growing. There is a shortage of skilled workers, and people have to be hired from abroad. Digital platforms can simplify hiring, provide training and advanced training, and analyze labor market data.

    The digital platform for searching and planning labor resources in construction is an innovative tool that automates the selection, verification, planning and management of personnel. The platform ensures effective interaction between customers and contractors. The product, which is being created by graduate students, will allow you to create an order in one place and respond to it, link the worker’s availability calendar with the construction schedule of the facility; automatically check documents before offering a worker to the company, and confirm qualifications using integration with government services for checking documents. A rating system and gamification elements are also provided, which will allow workers to grow professionally, and customers to receive higher quality work results.

    “The digital platform will become a reliable assistant for both customers and contractors, providing a wide range of opportunities for solving all issues in the field of organizing labor resources,” Bogdan is confident.

    Student Yulianna Bobrovskaya (supervised by Associate Professor of the Department of Construction Organization Maxim Molodtsov) suggests monitoring work at remote sites using modern equipment. The student is convinced that construction in remote areas contributes to their economic development, develops tourism, and reduces pressure on large cities. However, construction companies face a number of difficulties associated with the transportation of materials and equipment, shift work, and slow response to emerging problems. An unmanned aerial vehicle can simplify the developer’s work by filming the site in real time and transmitting information to an IT platform. A specialist will track what is happening and promptly make a decision.

    As an example, Yulianna cited the domestic unmanned aerial vehicle Optiplane S2, which has been produced for seven years and is constantly being modernized. The device is easy to operate and can withstand minimal temperatures. In addition, the manufacturer provides instructions.

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

    MIL OSI Russia News –

  • MIL-OSI Russia: Sobyanin made a decision on prize payments to Moscow Paralympic athletes

    Translation. Region: Russian Federation –

    Source: Moscow Government – Government of Moscow –

    Moscow athletes – winners and medalists of the XVII Summer Paralympic Games 2024 in Paris (France), as well as their coaches will receive incentive payments from the city. This was reported in on your telegram channel Sergei Sobyanin reported.

    “The winners and medalists of the XVII Summer Paralympic Games in Paris will receive prizes from the city. 15 Moscow athletes participated in the Games in neutral status. Five of them won medals,” the Mayor of Moscow wrote.

    Source: Sergei Sobyanin’s Telegram channel @mos_sobyanin 

    The XVII Summer Paralympic Games were held in Paris from August 28 to September 8, 2024. They were attended by 15 Moscow athletes, they competed in a neutral status. They won five medals in disciplines for athletes with musculoskeletal disorders: two gold, one silver and two bronze.

    The champions of the games were Maria Pavlova (swimming) and Khetag Khinchagov (athletics). The silver medal was won by Zoya Shchurova (swimming). The bronze medalists were Irina Vertinskaya (athletics) and Georgy Margiev (athletics).

    Swimmer Maria Pavlova, who won the Paralympic gold medal in the 100m breaststroke for athletes with musculoskeletal disabilities, set a world record in this discipline – one minute 26.09 seconds. The previous world record belonged to her: on June 8, 2024, she showed a result of one minute 26.86 seconds.

    The champions of the games will receive an incentive cash payment of four million rubles, the silver medalist – 2.5 million rubles, and the bronze medalists – 1.7 million rubles.

    Prize money will also be paid to the four coaches who took part in training the athletes. They will receive half of the amount awarded to the athletes.

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

    Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

    https://vvv.mos.ru/major/themes/11995050/

    MIL OSI Russia News –

  • MIL-OSI Russia: HSE and Yandex Present Report on Integration of Artificial Intelligence into Higher Education

    Translation. Region: Russian Federation –

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

    The Higher School of Economics and Yandex Education have prepared a joint report, Artificial Intelligence in Education. It analyzes leading global practices that reveal the potential of artificial intelligence (AI) technologies in the educational sphere. The report is a map with cases of universities in different countries that are already using AI today. The goal of the project is to help Russian universities implement AI, based on the experience of other universities.

    The study includes an extensive block of real cases and examples, including on the topic of the practical use of AI in the world’s leading universities: from helping students explain concepts and translate texts to structuring materials and preparing educational documents.

    The authors analyzed a number of sociological studies around the world. The results of the analysis show that AI is already actively used in both educational (today 49% of students use generative technologies) and management and research activities. At the same time, 47% of students note the positive impact of text generative technologies on learning. As for the main ways of using new technologies, the most popular were clarifying concepts and working with questions for understanding specific disciplinary concepts (56% of those who use GPT), in second place were research tasks and working with literature (45%), in third place was translation of texts (42%), in fourth place was creation and analysis of texts (39%).

    To make the material as interactive as possible, experts from the National Research University Higher School of Economics and Yandex Education have created a special online resource, which contains examples and cases. The platform is a live space that not only demonstrates examples of AI use, but also forms a picture of possible scenarios for its application in the educational environment. Universities that have AI application practices can send their cases to the authors through a special form on the site, and they will be added to the case library.

    The report identifies key areas for integrating AI into the work of students, teachers, researchers, and managers. These areas may become the closest areas for AI development at universities. In this context, the Higher School of Economics has already adopted its own course on using AI in the learning process. The university has formulated an ethical and educational policy, including recommendations on when and to what extent AI should be used in independent work, as well as in which cases it is necessary to inform the teacher about the generated text. The HSE case demonstrates how the correct integration of technologies will allow students to develop the necessary skills for a full and fruitful educational process.

    “At Yandex Education, we have seen how AI technologies have really begun to penetrate and take root in schools, universities, and EdTech platforms over the past year. It is important for the university community and bigtech to see where new growth points are emerging and how the potential of AI can be applied in education. That is why, together with the HSE, we conducted a study of Russian and foreign practices. They turned out to be very different and affect the management system, the life of a student, teachers, and even the didactics of higher education. At the same time, our goal was to create not a frozen picture, but a constantly updated digest of the best global practices. It is in them that university managers, teachers, and researchers will be able to find inspiration for new projects and changing their reality,” comments Kirill Barannikov, Head of Strategic Development of Higher Education at Yandex Education.

    “At the Higher School of Economics, we focus on the opportunities that AI provides for improving the educational and scientific processes at the university. HSE is launching various initiatives aimed at supporting the correct use of AI by both teachers and students. At the same time, we advocate for compliance with ethical principles when using AI and were the first Russian university to adopt an ethical code for the use of artificial intelligence in the educational process,” said Evgeny Terentyev, Director Institute of Education HSE University, Head of International Laboratory for Evaluation of Practices and Innovations in Education.

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

    MIL OSI Russia News –

  • MIL-OSI Global: US election: Trump declares victory – ‘There’s never been anything like this’

    Source: The Conversation – UK – By Jonathan Este, Senior International Affairs Editor, Associate Editor

    This is a rolling guide to articles and audio published by The Conversation in the immediate run-up to and aftermath of the election, with some explainers about the process. This page is updated from the top, so older references are moved down the page.

    The United States has made its choice. At just before 8am GMT (3am Florida time) Donald Trump took to the stage at the West Palm Beach convention center and claimed victory for the Republican Party. His declaration came minutes after it was announced he was going to win in the key state of Pennsylvania with its 19 electoral college votes.

    He thanked a large crowd of his adoring supporters, saying: “This was a movement like nobody’s ever seen before, and frankly, this was, I believe, the greatest political movement of all time. There’s never been anything like this in this country, and maybe beyond.”

    It’s been a turbulent four months since outgoing president Joe Biden announced he was terminating his bid for a second term and the battlelines between the two candidates, Donald Trump and Kamala Harris were drawn. Soon we will know who will lead the US for the next four years.

    From here, with the help of some of the sharpest analysts of US politics, we’ll keep you updated and informed as the situation develops.

    Dafydd Townley, teaching fellow in international security at University of Portsmouth, has written an overview of how the election went down, with turnout looking high and no major incidents of violence, despite what look like numerous bomb hoaxes with possible Russian origins.

    Turnout has been impressive and initial speculation is that Trump has surpassed his rural support from 2020 while Democrat Kamala Harris only matched the suburban numbers that Biden achieved four years ago. NBC exit polls also showed Trump had more support from voters under 30 than any Republican candidate since 2008.



    Read more:
    Trump takes first swing states after voting passes peacefully

    The US has moved to the right

    Natasha Lindstaedt says that academics and pundits got the polls badly wrong in 2024.

    The polls were right – he had a lot more strength [than we all thought]. We thought the polls were seriously underestimating Kamala Harris and that she was doing far better than they were predicting, when they said it was a knife edge. But it turns out they were underestimating Trump.

    The US has moved to the right. The abortion bill wasn’t overturned in Florida, Ted Cruz won by ten points in Texas, a state that we thought might be competitive. We thought with this Iowa poll that Harris might be more competitive with white voters. It’s been a great night for Trump and an absolute disaster for the Democrats.

    She said that many people following the campaign thought that women were going to turn out and that would make the difference. But in fact it didn’t.

    Trump gained a lot more than he had in 2020 – probably due to nostalgia of what his administration was like, looking at it through rose-coloured glasses, forgetting the chaos and all the upheaval he created himself. Now he’s going to inherit a great economy – and he’s going to take credit for it.

    Trump wins Pennsylvania, declares victory

    Donald Trump claimed victory in the 2024 presidential election. It followed hot on the heels of the networks announcing he had won the Commonwealth of Pennsylvania. Richard Hargy says the state has played an important part in the whole campaign, he says.

    It was in Butler, Pennsylvania, last July, where Trump survived an assassination attempt during a campaign rally after a gunman opened fire from a nearby rooftop.

    The Trump victory in Pennsylvania was greatly helped by the world’s richest man, Elon Musk’s intercession into the presidential election. He financed a multi-billion dollar door-knocking operation across the state and held events in support of Donald Trump.

    On Monday a Pennsylvania judge had ruled that a $1-million-a-day voter sweepstake organised by Musk was legal and could continue into Tuesday’s election.

    When will we know the result?

    To get an idea of the scale of the task of counting votes, take a look at the below map of the US colour-coded by poll closing times. How long the count could take is anyone’s guess at this stage. Each state has its own rules.

    Ahead of the polls closing Richard Hargy, an expert in US politics from Queen’s University Belfast, wrote a guide to the process, when the votes are counted and when we might start to see results.



    Read more:
    US election: what time do the polls close and when will the results be known? An expert explains

    Delays are baked into the process, such as Pennsylvania, which doesn’t allow votes cast before election day or ballots posted in to be counted until polls close, which was at 8pm (1am GMT).

    So we’ll just have to be patient. In the mean time, you can also read Hargy’s explainer on the “electoral college” system, which can mean that the candidate with the most votes may not win the presidency.



    Read more:
    US election: how does the electoral college voting system work?

    Early voting and what it might mean

    Scott Lucas, professor of international politics at University College Dublin, believes that in a cliffhanger election, a clue to the outcome may be in the size of turnout. More than 80 million Americans voted early – around half of the total turnout in 2020 and around one-third of the eligible electorate.

    The 80 million figure takes on added significance with the recognition that it is not that distant from the 104 million who participated early in the “pandemic” election four years ago. And that 2020 ballot, with 158.4 million votes and almost 67% participation, was the largest turnout since 1900.

    Who does that favour? Probably Kamala Harris and Tim Walz. Trumpists will turn out for their man come hell or high water. The large question mark has been whether potential Harris voters would sit on their hands, whether from lack of enthusiasm or dissatisfaction on issues such as Israel’s open-ended war on Gaza.

    Any prediction in this election is a risk. But it might be worth setting a marker: if turnout matches or exceeds the record set in 2020, Kamala Harris could be on the way to the White House.

    Tense moment for the US

    During the campaign there have been two assassination attempts on former president Trump as well as arson attacks on ballot boxes and ballots damaged. In Arizona the Democratic party was forced to close one of its offices after it had been shot at three times.

    Dafydd Townley, a fellow in international security at Portsmouth University, believes that there could be a reluctance to accept the result and that this could result in further disturbances. He has written about how much violence there has been during this campaign.



    Read more:
    US election: officials are issued with panic buttons as attacks on ballot boxes continue

    Dafyyd Townley comments on post-election violence.

    How race has played into the campaign

    Rhianna Garrett, PhD researcher and global coordinator of the critical mixed race studies executive board at Loughborough University, says that Trump’s campaign has been “littered with attempts to weaponise” the multiracial heritage of his Democrat opponent Kamala Harris.

    Much of this has been a dog-whistle attempt to stir up his own base, partly with fairly blatant appeals to latent feelings of racism, but also as a tool to position Harris as deceiving and untrustworthy by apparently blurring and shifting her own background.

    In August, not long after Harris took over the Democrat ticket from Biden, Trump appeared at the National Association of Black Journalists conference when he wrongfully claimed that Harris was changing her identity, stating: “I didn’t know she was Black until a number of years ago when she happened to turn Black, and now she wants to be known as Black, So I don’t know. Is she Indian or is she Black?”.

    For her part, Harris’s campaign has also used her multiracial heritage to further their political agendas. On the White House website, she is described as “the first woman, the first Black American, and the first South Asian American” to hold a vice-presidential position, which has effectively attempted to position her as a winner. Harris herself has also foregrounded “race” on her campaign website. In attempt to attack Trump’s campaign, she strategically aims to promote Black and Latino men specifically, as well as women’s rights. These are key voter groups she has aimed to mobilise through identity politics.

    Trump and winning male voters

    Donald Trump widened his appeal to male voters in this election, with polling indicating that he was picking up more support from Black and Latino men, as well as more young men more widely.

    One reason for this may be that in 2024 young men are more conservative than any other group in the US. Another reason why gender has become a divisive issue is the overturning of Roe v Wade, the legal case that gave American women abortion rights.

    Read more on the gender divide in this article from Natasha Lindstaedt, a professor of government at Essex University.



    Read more:
    US election: why more men and fewer white women say they will vote for Trump

    A free speech campaign?

    Julie Posetti, professor of journalism at City St George’s, University of London, and global director of research at the International Center for Journalists, recently conducted a survey of more than 1,000 Americans on their attitudes to the press.

    Breaking down the results, they were able to build a picture of what people in the US think of targeting journalists for criticism and even abuse. You can read all about the study here.



    Read more:
    New survey finds an alarming tolerance for attacks on the press in the US – particularly among white, Republican men

    When Trump speaks – his supporters hear him loud and clear

    Channel 4 is showing pictures of the Trump party at the Palm Beach Convention Center, where the Maga faithful are celebrating the news that it appears that Trump has retaken Georgia in his second swing-state victory. Their idol is expected to join them soon.

    While we wait for him to speak, here’s a fascinating piece on Trump’s rhetorical style by Loren D. Marsh of the Humboldt University of Berlin. His speeches have been ridiculed by his opponents during the campaign. They say he’s unfocused, rambling and at times nonsensical. He calls it the “weave” and says it’s genius. Marsh says that whatever you may think, it seems to work for his supporters.

    Far from being a liability or an indication he is incapable of staying on message, Trump’s “weave” may well be his intuitive rhetorical strategy, a way of taking control of the media narrative.



    Read more:
    Trump’s speeches are chaotic, rambling, and extremely effective. Aristotle can explain why

    – ref. US election: Trump declares victory – ‘There’s never been anything like this’ – https://theconversation.com/us-election-trump-declares-victory-theres-never-been-anything-like-this-241711

    MIL OSI – Global Reports –