Category: Taxation

  • MIL-OSI USA News: FACT SHEET: President  Biden and Vice President Harris Are Delivering for Latino  Communities

    Source: The White House

    Since Day One, the Biden-Harris Administration has worked to ensure every community—including Latino communities—can access a quality education, obtain a good-paying job, own a home, start a business, and afford high-quality health care. This National Hispanic Heritage Month, President Biden and Vice President Harris celebrate and honor the rich contributions of Latinos and remain committed to ensuring every family has a shot at the American Dream.

    Growing Economic Prosperity for Latino Communities

    The Biden-Harris Administration’s Investing in America agenda has created five million jobs for Latino workers—achieving a historically low Latino unemployment rate, reported at 5.5% through August 2024, down from 8.6% when the President and Vice President took office. The Biden-Harris Administration has delivered record economic results for Latinos, including:

    • Hispanic business ownership is up 40%–growing at the fastest rate in 30 years.
    • Doubled the number of Small Business Administration-backed loans to Latino-owned businesses in FY 2023 compared to FY 2020.
    • Cut mortgage interest premiums for Federal Housing Administration loans, saving over 185,000 Latino homeowners more than $1,000 per year.
    • Achieved the largest increase in homeownership rates for Hispanic homeowners versus the previous year and took historic action to root out home appraisal bias, which contributes to the wealth gap by unfairly undervaluing homes owned by Latinos and in majority-Latino neighborhoods
    • Awarded nearly $11 billion in Federal contracts to Latino-owned small businesses in Fiscal Year (FY) 2023, an increase of nearly $1 billion since FY 2020.
    • Increased funding for the Child Care and Development Block Grant program—the major Federal child care grant program—by almost 50% to serve half a million more children, and issued a rule to cap out-of-pocket child care costs in that program at 7% of income, saving about 100,000 low-income families over $200 a month on average.
    • Expanded the Child Tax Credit (CTC) under the American Rescue Plan, which helped cut Latino child poverty nearly in half to a record low of 8.4% in 2021—lifting 1.2 million Latino children out of poverty that year and bringing the gap between Latino and white child poverty rates to a historic low.  President Biden and Vice President Harris continue to call on Congress to restore the full expanded CTC expanded benefit so that millions of children can be lifted out of poverty. The Biden-Harris Administration also modernized SNAP benefits for the first time since 1975, lifting about 700,000 Latino families, including 360,000 Latino children, out of poverty each month.
    • Took action to establish the first-ever Federal heat safety standard in workplaces combatting extreme weather to protect 36 million farmworkers, construction workers, manufacturing workers, and others.
    • Invested more than $140 billion to drive an economic turnaround in Puerto Rico—creating more than 100,000 jobs and lowering the unemployment rate to 5.8%, near its lowest level ever. The American Rescue Plan also permanently made Puerto Rican families eligible for the same Child Tax Credit as other Americans, making nearly 90% of Puerto Rican families newly eligible for the credit.

    Ensuring Equitable Educational Opportunity for Latino Students

    President Biden and Vice President Harris believe that every student in this country deserves access to a high-quality education and a fair shot at the American Dream. This Administration has taken action to expand educational opportunities and improve college affordability for all students, including:

    • Invested a record over $15 billion in Hispanic-Serving Institutions (HSIs)— the largest investment in U.S. history.
    • Signed an Executive Order establishing a President’s Advisory Board and White House Initiative on HSIs to coordinate Federal resources and bolster collaboration between institutions.
    • Secured a $900 increase to the maximum Pell Grant award—the largest increase in the past decade, helping the over 50% of Latino college students who rely on Pell Grants.
    • Approved the cancellation of almost $170 billion in student loan debt for nearly 5 million borrowers—including for Latino borrowers, who are disproportionately burdened by student debt.
    • Proposed a rule to expand TRIO college access programs to Dreamers and others, which would allow an estimated 50,000 more students each year to access Federal college preparation services and programs, such as counseling and tutoring, and thousands more to attend college.
    • Announced nearly $15 million in new grants under the Augustus F. Hawkins Centers of Excellence Program (Hawkins) to advance teacher diversity and prepare the next generation of educators at Minority Serving Institutions, Historically Black Colleges and Universities and Tribal Colleges Universities—who can provide culturally and linguistically responsive teaching in our country’s underserved schools. This new round of grants—which includes awards to 15 HSIs—brings the total investment in Hawkins to $38 million under the Biden-Harris Administration, which is the first Administration to secure funding for the program.

    Improving Health Outcomes for Latino Communities

    From beating Big Pharma and lowering prescription drug costs to expanding health care coverage, President Biden and Vice President Harris have taken action to make high-quality health care more affordable.

    • Starting in 2025, all out-of-pocket drug costs will be capped at $2,000 per year and the cost of insulin is now capped at $35 for Medicare Part D enrollees, which includes five million Latinos.
    • In August 2024, the President and Vice President announced new, negotiated prices for the first ten prescription drugs selected for Medicare price negotiation—expected to save Medicare enrollees $1.5 billion in out-of-pocket costs in the first year of the program alone.
    • Latino enrollment in the Affordable Care Act (ACA) Marketplace coverage has doubled under the Biden-Harris Administration, which also extended ACA healthcare benefits to Dreamers starting on November 1, 2024.
    • Launched a new grant program to train doctors and physician assistants on providing culturally and linguistically appropriate care for individuals with limited English proficiency, including those who speak Spanish, to improve health outcomes and reduce health disparities.
    • Added Spanish text and chat services to the National 988 Suicide & Crisis Lifeline so that individuals can now connect directly to Spanish-speaking crisis counselors.

    Reducing Gun Violence and Saving Lives

    President Biden and Vice President Harris have taken historic action to reduce gun violence and keep our communities safe:

    • After the heroic advocacy of families from Buffalo and Uvalde and so many other communities across the country, President Biden signed the Bipartisan Safer Communities Act into law—the most significant gun safety legislation in nearly 30 years.
    • Established the first-ever White House Office of Gun Violence Prevention, overseen by Vice President Harris, which has accelerated work to reduce gun violence and engaged with Latino communities—including survivors of mass shootings in Uvalde and El Paso and survivors of community violence disproportionately affecting Black and Latino communities.
    • Secured $400 million for the first-ever federal grant program solely dedicated to community violence interventions.

    Addressing America’s Broken Immigration System

    On Day One, President Biden introduced a comprehensive immigration reform bill and has repeatedly called on Congressional Republicans to pass the SENATE bipartisan border security bill – the toughest and fairest set of border reforms in decades. Throughout this Administration, the President and Vice President have taken action to improve our country’s immigration system.

    • Took action to speed up work visas, to help people who graduated from U.S. colleges and universities—including Dreamers—land jobs in high-demand high-skilled professions.
    • Took action that would allow 500,000 spouses of American citizens who have been in the country for 10 years or more to apply for lawful permanent residence while staying in the United States. The Biden-Harris Administration is fighting efforts by Republican officials to block this work in court, so that families—including Latino families—can stay together.
    • Directed the Department of Homeland Security to take all appropriate actions to “preserve and fortify” Deferred Action for Childhood Arrivals (DACA), and continue to defend the DACA rule in court.
    • Streamlined, expanded, and instituted new reunification programs so that families can stay together while they complete the immigration process.
    • Took executive action to secure the border when Congressional Republicans twice blocked the Senate bipartisan border security deal.


    Advancing an Unprecedented Whole-of-Government Equity Agenda to Expand Opportunity

    President Biden and Vice President Harris promised to leverage the power of the Federal Government to deliver for all communities and build an Administration that looks like America.

    • Assembled the most diverse administration in U.S. history, including four Latino Cabinet members—Department of Homeland Security Secretary Mayorkas, Department of Health and Human Services Secretary Becerra, Department of Education Secretary Cardona, and U.S. Small Business Administration Administrator Guzman.
    • Signed two Executive Orders directing the Federal Government to address system inequality and barriers to equal opportunity faced by underserved communities.
    • Updated Federal race and ethnicity data collection standards for the first time in almost 30 years, which is expected to improve Latino community data representation in the U.S. Census and Federal programs.

    ###

    MIL OSI USA News

  • MIL-OSI: QUADIENT: H1 2024 results: Solid 3.2% reported revenue growth and sharp improvement in profitability from Digital

    Source: GlobeNewswire (MIL-OSI)

    H1 2024 results: Solid 3.2% reported revenue growth
    and sharp improvement in profitability from Digital

    Key highlights

    • H1 2024 consolidated sales of €534 million, up +3.2% on a reported basis including the contribution of the latest acquisitions (Daylight and Frama) and up +0.8% organically(1)
    • H1 2024 subscription-related revenue up +0.7% on an organic basis, representing 72% of total revenue
    • Strong performance from North America at +2.8% organic growth in H1 2024, representing 58% of Group Sales
    • H1 2024 EBITDA of €111 million, up 2.6% organically, primarily driven by a strong increase in profitability in Digital
    • H1 2024 Group current EBIT of €61 million, up 0.3% organically
    • Net attributable income of €24 million
    • Leverage ratio excluding leasing reduced to 1.6x2
    • FY 2024 outlook confirmed
    • Launch of share buyback program for up to €30 million

    Paris, 23 September 2024

    Quadient S.A. (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, , today announces its 2024 second-quarter consolidated sales and first half results (period ended on 31 July 2024). The first-half 2024 results were approved by the Board of Directors during a meeting held on 20 September 2024.

    Geoffrey Godet, Chief Executive Officer of Quadient S.A., stated:

    “Quadient achieved a solid performance in the first half of 2024, setting a good start to the execution of our new strategic plan, ‘Elevate to 2030’, which aims at delivery €1 billion of subscription-related revenue by 2030. The various modules of our SaaS communication and financial automation platform are further recognized for their technical specificities as well as for their ease of use, reflecting our strong customer centric approach. Our highly recurring business model continues to be fueled by good results in both cross-selling and up-selling our solutions, by the strong outperformance of our Mail business as well as by a solid volume increase within our European parcel lockers open networks.

    In parallel, the profitability of our Digital business has sharply increased. Indeed, our Digital EBITDA margin gained 6 points compared to the first half of 2023, demonstrating our commitment to strengthen our investment proposition. Confident in our value-creation potential and in our capacity to achieve our short- and long-term guidance, including our 2026 leverage target, we are announcing today a share buy-back program aimed at improving the return to our shareholders. More than ever, our objective is to accelerate our existing growth trajectory and propel Quadient as the leader in intelligent automation.”

    Comments on H1 2024 performance

    Group sales came in at €534 million in H1 2024, a 3.2% increase on a reported basis, and 0.8% organic growth compared to H1 2023 in line with Quadient’s expectations. The reported growth includes a positive currency impact of €1 million and a positive scope effect of €12 million, which is related to the acquisition of Daylight in September 2023 and to the acquisition of Frama in February 2024. In Q2 2024, organic revenue growth reached 0.6% compared to Q2 2023.

    Consolidated sales and EBITDA by solution

    H1 2024 consolidated sales

    In € million H1 2024 H1 2023
    restated(a)
    Change Organic change
    Digital 130 120 +8.3% +5.9%
    Mail 362 353 +2.5% (0.5)%
    Lockers 43 45 (4.7)% (2.5)%
    Group total 534 517 +3.2% +0.8%
    (a)  The full-year 2023 financial statements published in March 2024 reflected Quadient’s decision to review the future of its Mail activity in Italy with a view to divest this subsidiary within the next 12 months.
    As this was the case in the full-year 2023 statements, H1 2023 revenue from the aforementioned subsidiary is not represented in the consolidated revenue of the Group as it is recorded as discontinued operations. This is still the case in H1 2024.

    EBITDA and EBITDA margin

      H1 2024 H1 2023 restated (a)
    In € million EBITDA EBITDA margin EBITDA EBITDA margin
    Digital 20 15.7% 11 9.3%
    Mail 94 25.8% 102 29.0%
    Lockers (3) (6.7)% (1) (3.0)%
    Group total 111 20.8% 112 21.7%
    (a)  The full-year 2023 financial statements published in March 2024 reflected Quadient’s decision to review the future of its Mail activity in Italy with a view to divest this subsidiary within the next 12 months.
    As this was the case in the full-year 2023 statements, H1 2023 EBITDA from the aforementioned subsidiary is not represented in the consolidated EBITDA of the Group as it is recorded as discontinued operations. This is still the case in H1 2024.

    Digital

    In H1 2024, revenue from Digital reached €130 million, up 5.9% organically (+5.8% in Q2 2024 vs. Q2 2023) and up 8.3% on a reported basis (including the contribution from Daylight) compared to H1 2023. Importantly, growth for the Solution was still impacted by the delay in the implementation of two large contracts, announced in Q3 2023.

    At the end of H1 2024, annual recurring revenue (ARR), which is a forward-looking indicator of future subscription-related revenue, reached €221 million, up from €206 million at the end of FY 2023, representing a 15.3% organic(3)growth on an annualized basis.

    In H1 2024, subscription-related revenue recorded a strong 8.7% organic growth, now representing 82% of Digital total sales, a further increase compared to 80% in H1 2023. The share of SaaS customers stands at 83% at the end of H1 2024.

    EBITDA for Digital was €20 million for the period, representing a 15.7% EBITDA margin, up 6.4 points compared to H1 2023. Strong improvement in profitability continues, supported by the combination of subscription-related revenue growth, and platform size benefits, despite further commercial and innovation investments. The profitability is expected to continue improving in FY 2024.

    As part of the customer acquisition focus, Digital continues to experience strong commercial dynamics, supported by solid cross-selling with Mail including some large deals (notably one deal above USD1 million) in North America. Digital is benefiting from a positive start to Q3 2024 thanks to a new large deal with a US insurance company worth more than USD7 million over 5 years. Regarding the upcoming e-invoicing regulation in Europe, Quadient is now officially registered as a Partner Dematerialization Platform in France.

    As part of the customer expansion process, the onboarding of all eligible customers on the Quadient Hub is now completed. Focus continues on further increasing up-selling. New partnerships, notably with Microsoft business central, Sage200 (ERP solutions) and Stripe (payment solution), have also been signed. Lastly, the churn rate in Digital continues to decline, now standing well below 5%.

    Mail

    Mail revenue reached €362 million in H1 2024, down only 0.5% on an organic basis (-0.8% in Q2 2024 vs. Q2 2023). The reported growth stood at +2.5%, including the contribution of Frama.

    Hardware sales recorded a 4.8% organic growth in H1 2024, with strong contributions from North America, including a positive impact from decertification. The focus on investing into renewing the products offering continues to support product placements, as seen in the further increase in the share of the upgraded installed base, reaching 36.6% at the end of H1 2024 vs. 31.5% at the end of FY 2023.

    Subscription-related revenue (68% of Mail sales) recorded a limited 2.8% organic decline in H1 2024.

    EBITDA for Mail was €94 million for H1 2024. EBITDA margin reached 25.8%, down 3.2 points compared to H1 2023. The level of EBITDA margin of Mail was impacted by the higher proportion of revenue from equipment sales as well as by the dilution due to Frama acquisition, which performance is expected to improve significantly from 2025.

    Thanks to its strong customer acquisition focus, Quadient’s Mail business continues to outperform the market. The commercial performance is expected to be resilient in Q3 2024. On the acquisition side, the aim is to upgrade the installed base.

    As part of the customer expansion focus, the cross-selling remains solid, especially in the US, with several large contracts signed. Lastly, Mail benefited from the positive impact of the ongoing US mailing systems decertification.

    Lockers

    Lockers revenue reached €43 million in H1 2024, a 2.5% decrease on an organic basis (-1.8% in Q2 2024 vs Q2 2023) and a 4.7% decrease on a reported basis compared to H1 2023.

    Subscription-related revenue was up 5.3% organically in H1 2024, benefiting from the solid volumes ramp up within the UK and the French open networks, as well as the contribution of the existing installed base, supported by the higher number of carriers committed to use Quadient’s open networks. However, change in commercial agreements with Yamato in Japan in Q3 2023 leading to a greater focus on usage as opposed to a rental-based model, continues for now to weigh on the subscription-related revenue. Overall, subscription-related revenue stood at 65% of total revenue in H1 2024, up from 61% in H1 2023.

    Non-recurring revenue (license & hardware sales and professional services) were down 15.1% organically in H1 2024. Hardware sales were still impacted by slower new installations in North America.

    Quadient’s global locker installed base reached c.21,400 units at the end of H1 2024 vs. c.20,200 units at the end of FY 2023. This is reflecting an acceleration in the pace of installation of new lockers, notably in the UK, fueled by the partnerships signed by Quadient to host parcel lockers in new suitable locations.

    EBITDA for Lockers was negative at €(3) million in H1 2024. EBITDA margin stood at (6.7)%, down by 3.7 points. The decrease in EBITDA margin was mainly due to the negative impact from the change in commercial agreement with Yamato for the Japanese installed base at the start of H2 2023.

    As part of the customer acquisition focus, Quadient is accelerating the installation pace for lockers in the open networks in Europe, mostly in France and in the UK. This is supported by the additional deals signed for premium locations and conversion of existing lockers. Conversely, the trend remains slow in North America.

    As part of the customer expansion focus, volume increased strongly from both pick-up and drop-off in the open networks. The lockers business is also fueled by innovation in usage offerings, notably with new partnership with KeyNest in the United Kingdom, bringing additional volumes into the open network.

    REVIEW OF 2024 FIRST HALF-YEAR RESULTS

    Simplified P&L

    In € million H1 2024 H1 2023 restated (a) Change
    Sales 534 517 +3.2%
    Gross profit 399 387 +3.2%
    Gross margin 74.4% 74.8%  
    EBITDA 111 112 (1.1)%
    EBITDA margin 20.8% 21.7%  
    Current EBIT 61 65 (6.0)%
    Current EBIT margin 11.5% 12.6%  
    Optimization expenses and other operating income & expenses (16) (6) n/a
    EBIT 45 59 (24.4)%
    Financial income/(expense) (21) (16) +32.3%
    Income before tax 24 43 (45.4)%
    Income taxes 2 (6) n/a
    Net income of continued operations 26 37 (31.0)%
    Net income from discontinued operations (1) (0) n/a
    Net attributable income 24 36 (32.8)%
    Earnings per share 0.71 1.05 n/a
    Diluted earnings per share 0.71 1.05 n/a
    (a)  The full-year 2023 financial statements published in March 2024 reflected Quadient’s decision to review the future of its Mail activity in Italy with a view to divest this subsidiary within the next 12 months.
    As this was the case in the full-year 2023 statements, H1 2023 contribution from the aforementioned subsidiary is not represented in the consolidated P&L of the Group as it is recorded as discontinued operations. This is still the case in H1 2024.

    Gross margin stood at 74.4% in H1 2024 from 74.8% in H1 2023, due to slightly higher cost of sales and the impact of Frama integration.

    EBITDA(4) for the Group reached €111 million in H1 2024, almost flat compared to H1 2023. Organically, the EBITDA grew by 2.6%, thanks to a solid increase at Digital offsetting a weaker EBITDA performance in Mail. EBITDA margin stood at 20.8% in H1 2024, vs 21.7% in H1 2023.

    Depreciation and amortization stood at €50 million in H1 2024, compared to €47 million in H1 2023. This is mainly due to slightly higher amortization of Lockers’ capex for rent.

    Current operating income (current EBIT) reached €61 million in H1 2024 compared to €65 million in H1 2023, down 6.0% on a reported basis and up 0.3% on an organic basis. Current operating margin stood at 11.5% of sales in H1 2024 compared to 12.6% in H1 2023.

    Optimization costs and other operating expenses stood at €16 million in H1 2024, versus €6 million in H1 2023 which was impacted by the write-off of an IT project and additional office optimization in the United States and the United Kingdom.

    Consequently, EBIT reached €45 million in H1 2024, versus 59 million recorded in H1 2023.

    Net attributable income

    Net cost of debt was up year-on-year at €20 million, against €15 million in H1 2023, impacted by higher interest rates on the variable portion of the debt (one third of Quadient’s debt). The currency gains & losses and other financial items was a loss of €(1) million in H1 2024, stable vs. H1 2023. Overall, net financial result was a loss of €21 million in H1 2024 compared to a loss of €16 million in H1 2023.

    Income tax reached a €2 million profit in H1 2024, benefitting from the positive impact of internal IP transfers. It compares to an expense of €6 million in H1 2023.

    Net income from discontinued operations of the Mail Italian subsidiary amounts to €(1) million, including additional fees related to the ongoing sale process for this subsidiary.

    Net attributable income after minority interest amounted to €24 million in H1 2024 compared to €36 million in H1 2023.

    Earnings per share from continued operations came in at 0.74 in H1 2024 compared to €1.06 in H1 2023. The fully diluted earnings per share(5) was €1.05 in H1 2023.

    Earnings per share stood at €0.71 in H1 2024 compared to €1.05 in H1 2023. The fully diluted earnings per share(5) was €0.71 in H1 2024 compared to €1.05 in H1 2023. The impact of dilutive instruments is accretive, dilutive earnings per share is therefore brought into line with net earnings per share.

    Cash flow generation

    The change in working capital was a net cash outflow by €19 million in H1 2024 compared to a net cash outflow of €55 million in H1 2023, mostly reflecting a better level of cash collection and the one-off positive impact from timing differences in VAT payments.

    The leasing portfolio and other financing services stood at €591 million as of 31 July 2024, compared to €598 million as of 31 January 2024 (only down by (1.0)% on an organic basis), thanks to the solid performance of the Mail activity. While generating future subscription-related revenue, the expected increase in lease receivables resulting from the good performance in the placement of new equipment will translate into a cash outflow in H2 2024. At the end of H1 2024, the default rate of the leasing portfolio stood at around 1.2% compared to c.1.3% at the end of FY 2023.

    Interest and taxes paid increased slightly to €38 million in H1 2024 versus the amount of €35 million paid in H1 2023. The difference was mostly explained by higher interest rates in H1 2024.

    Capital expenditure reached €46 million in H1 2024, stable compared to H1 2023 reflecting an increase in capex for rent offset by the non-renewal of office leases (lower IFRS 16 capex). Capex for Digital reached €12 million in H12024, slightly up compared to €11 million in H1 2023 and was mainly focused on R&D. Capex for Mail decreased from €25 million to €22 million, due to lower IFRS 16 capex linked to less office leases renewal. Capex for Lockers increased from €10 million to €13 million to support the open network deployment in the UK and France.

    All in all, cash flow after capital expenditure was up from a negative amount of €15 million in H1 2023 to a positive amount of €3 million in H1 2024.

    Leverage and liquidity position

    Net debt stood at €726 million as of 31 July 2024, a slight increase against the €709 million of net financial debt recorded as of 31 January 2024. In June 2024, the Group extended by an additional year the maturity of its Revolving Credit Facility to 2029. In July 2024, Quadient proceeded to a partial bond buy-back for a total amount of €7 million, leaving the outstanding amount of the 2.25% bond at €260 million.

    The Group is well positioned to refinance its 2.25% bond, maturing early 2025.

    The leverage ratio (net debt/EBITDA) remained broadly stable from 3.0x(2) as of 31 July 2024 compared to 2.9x(2) as of 31 January 2024. Excluding leasing, Quadient leverage ratio improved from 1.65x(2) as of 31 January 2024 to 1.6x(2) as of 31 July 2024.

    As of 31 July 2024, the Group had a robust liquidity position of €494 million, split between €194 million in cash and a €300 million undrawn credit line, maturing in 2029.

    Shareholders’ equity stood at €1,064 million as of 31 January 2024 compared to €1,069 million as of 31 January 2024. The gearing ratio(6) stood at 68,2% as of 31 July 2024.

    MAIL ITALIAN SUBSIDIARY

    Following the reclassification of the Mail Italian Subsidiary as discontinued operations under IFRS 5 in full-year 2023, an agreement for its sale has been signed with a local mail distribution company in July 2024.

    CAPITAL ALLOCATION

    In line with Quadient’s capital allocation policy, the Company announces the launch of a share buyback program for a total consideration of up to €30 million to be executed on the market over an18-month(7) period.

    This operation aims at improving shareholders’ return. It also demonstrates Quadient’s confidence in the value creation potential of its new Elevate to 2030 strategic plan, its ability to reach its FY 2026 leverage ratio target(8) and is in line with the capital allocation policy of the Company. A press release detailing this share buyback program has been published alongside today’s H1 2024 results.

    OUTLOOK

    With H1 2024 organic growth in line with expectations, Quadient confirms its FY 2024 financial guidance of organic growth both at the revenue and current EBIT levels. H2 2024 will benefit from an easier comparison basis for both Digital and Lockers as there will no longer be any negative impact neither from the delay in implementation of the two large SaaS contracts, nor from the change in commercial agreement with Yamato, which took place at the beginning of H2 2023.

    Q2 2024 BUSINESS HIGHLIGHTS

    Approval of all resolutions by the combined Shareholders’ meeting of 14 June 2024
    On 17 June 2024, Quadient announced that its combined Annual General Meeting was held on 14 June 2024, under the chairmanship of Mr. Didier Lamouche. All submitted resolutions were ratified, with an attendance rate of 74.19% (quorum for ordinary and extraordinary resolutions).

    The Annual General Meeting approved the renewal of the three-year terms of directorship of Hélène Boulet-Supau, Geoffrey Godet, Richard Troksa. Vincent Mercier’s directorship was renewed for an 18-month term, until 31 December 2025. The Annual General Meeting also approved the co-option and approved the renewal for a three-year term of Bpifrance Investissement, represented by Emmanuel Blot.

    Quadient expands its Open Locker Network in new high traffic locations in Japan, leveraging existing JR East Smart Logistics Lockers
    On 21 June 2024, Quadient announced a significant expansion of its open locker network in Japan through a strategic partnership with JR East Smart Logistics Co., Ltd., the logistics arm of the major Japanese rail company. This collaboration integrates Quadient’s advanced parcel delivery and pickup functionalities into JR East’s existing multifunctional locker system, Multi E-Cube, across Japan’s extensive railway network. This marks the first time Quadient is expanding its intelligent locker capacities to third-party networks, highlighting its agility in deploying an open and interoperable logistics ecosystem with new approaches.

    Quadient reports cross-selling success in North America, reinforcing strategic vision
    On 2 July 2024, Quadient announced that nearly 50% of the large deals signed in North America with mail automation customers in May included digital automation platform applications, confirming the critical role its software solutions play in influencing customer decisions. Additionally, two-thirds of these cross-sell deals, secured by Quadient’s mail teams, featured both mail and digital automation solutions, reaching an over 60% integration rate.

    Quadient launches new cloud-based application to empower small businesses in their Mail management processes
    On 4 July 2024, Quadient announced the launch of Secure Barcode, a cloud-based application designed to enhance the security of customer physical communications through seamless barcode generation and insertion into documents. This innovative solution is tailored for small businesses that are beginning their journey into digital mail solutions, providing immediate benefits in document management and operational efficiency.

    Quadient and Punch Pubs Partner to enhance parcel locker access for UK communities
    On 11 July 2024, Quadient announced a new contract with Punch Pubs, a leading pub company in the UK. This partnership will see the deployment of Quadient’s Parcel Pending open locker network across 1,261 pub locations managed by Punch Pubs, enhancing the accessibility and convenience of parcel deliveries and returns for communities nationwide. This collaboration supports sustainable growth strategies, leveraging Punch Pubs’ nationwide commercial properties to deliver value to local populations. 

    More than 1.5 million higher education Students in the U.S. now rely on Quadient smart lockers for package delivery
    On 25 July 2024, Quadient announced it has reached a new milestone of installed smart lockers totaling more than 250 colleges and universities across the United States. Across the campuses, more than 1.5 million students per year are served by the automated lockers.

    POST-CLOSING EVENTS

    Quadient recognized as a major player for first time in IDC MarketScape for worldwide accounts payable automation software for midmarket and small businesses
    On 14 August 2024, Quadient announced it has been named a Major Player for the first time in two IDC MarketScape reports – IDC MarketScape: Worldwide Accounts Payable Automation Software for Midmarket 2024 Vendor Assessment (doc # US52378624, July 2024) and IDC MarketScape: Worldwide Accounts Payable Automation Software for Small Businesses 2024 Vendor Assessment (doc # US52378824, July 2024).

    Quadient secures major contract in North America, demonstrating strength in integrating Digital communications and Mail automation solutions
    On 28 August 2024, Quadient announced a new contract with a North American global leader in financial services, worth approximately €1.4 million per year over an initial period of three years. This successful deal underscores Quadient’s capability to meet the complex communication needs of large organizations through its extensive portfolio of digital and mail automation platforms, combined with high-level consulting and professional services.

    Quadient unveils new mobile app, enabling any local business to offer parcel locker delivery services to customers
    On 4 September 2024, Quadient announced the launch of a mobile app that enables local businesses to deliver customer orders directly to Quadient open network lockers without the need for specific software integrations. The app is already available in the Japanese market under the name PUDO ACCESS and will soon be made available in other countries, continuing to create value for merchants and their local communities.

    E-invoicing mandate for businesses in France: Quadient officially registered as a Dematerialization Platform Partner
    On 12 September 2024, Quadient announced its official registration as a Partner Dematerialization Platform (PDP) under number 0060. This registration, issued on 12 September 2024 by the PDP Registration Service of the Public Finance Department, acknowledges that Quadient meets all the requirements of the new Finance Law and is authorized to participate in the next phase of interoperability tests with the tax authorities’ platform when it becomes available.

    Quadient Named a Leader in 2024 SPARK Matrix for Accounts Payable Automation
    On 19 September 2024, Quadient announced it has been recognized as a Technology Leader in the “SPARK Matrix: Accounts Payable Automation” report, a detailed analysis of the accounts payable (AP) automation market by independent analyst firm QKS Group. The recognition comes on the heels of Quadient also being named a Technology Leader in the “2024 SPARK Matrix: Accounts Receivable (AR) Applications” report, which was published in May. This marks the second year in a row that Quadient has been named a leader in both AP and AR in the SPARK Matrix reports.

    To know more about Quadient’s news flow, previous press releases are available on our website at the following address: https://invest.quadient.com/en/newsroom.

    CONFERENCE CALL & WEBCAST

    Quadient will host a conference call and webcast today at 6:00 pm Paris time (5:00 pm London time).

    To join the webcast, click on the following link: Webcast.

    To join the conference call, please use one of the following phone numbers:

    ▪ France: +33 (0) 1 70 37 71 66.

    ▪ United States: +1 786 697 3501.

    ▪ United Kingdom (standard international): +44 (0) 33 0551 0200.

    Password: Quadient

    A replay of the webcast will also be available on Quadient’s Investor Relations website for 12 months.

    Calendar

    • 27 November 2024: Third quarter 2024 sales release (after close of trading on the Euronext Paris regulated market).

    About Quadient®

    Quadient is a global automation platform provider powering secure and sustainable business connections through digital and physical channels. Quadient supports businesses of all sizes in their digital transformation and growth journey, unlocking operational efficiency and creating meaningful customer experiences. Listed in compartment B of Euronext Paris (QDT) and part of the CAC® Mid & Small and EnterNext® Tech 40 indices, Quadient shares are eligible for PEA-PME investing.

    For more information about Quadient, visit https://invest.quadient.com/en/.

    Contacts

    APPENDIX

    Digital: New name for Intelligent Communication Automation

    Mail: New name for Mail-Related Solutions

    Lockers: New name for Parcel Locker Solutions

    H1 2024 and Q2 2024 consolidated sales

    H1 2024 consolidated sales by geography

    In € million H1 2024 H1 2023
    restated (a)
    Change Organic
    change
    North America 308 295 +4.1% +2.8%
    Main European countries(b) 182 173 +4.9% (1.6)%
    International(c) 45 49 (8.0)% (2.5)%
    Group total 534 517 +3.2% +0.8%
    (a)  The full-year 2023 financial statements published in March 2024 reflected Quadient’s decision to review the future of its Mail activity in Italy with a view to divest this subsidiary within the next 12 months.
    As this was the case in the full-year 2023 statements, H1 2023 revenue from the afore-mentioned subsidiary is not represented in the consolidated revenue of the Group as it is recorded as discontinued operations. This is still the case in H1 2024.
    (b)  Including Austria, Benelux, France, Germany, Ireland, Italy (excluding Mail), Switzerland, and the United Kingdom
    (c)  International includes the activities of Digital, Mail and Lockers outside of North America and the Main European countries

    Q2 2024 consolidated sales by Solution

    In € million Q2 2024 Q2 2023
    restated (a)
    Change Organic change
    Digital 66 61 +8.1% +5.8%
    Mail 183 179 +2.4% (0.8)%
    Lockers 23 24 (3.2)% (1.8)%
    Group total 273 264 +3.3% +0.6%
    (a)   The full-year 2023 financial statements published in March 2024 reflected Quadient’s decision to review the future of its Mail activity in Italy with a view to divest this subsidiary within the next 12 months.
    As this was the case in the full-year 2023 statements, Q2 2023 revenue from the afore-mentioned subsidiary is not represented in the consolidated revenue of the Group as it is recorded as discontinued operations. This is still the case in Q2 2024.

    Q2 2024 consolidated sales by geography

    In € million Q2 2024 Q2 2023
    restated (a)
    Change Organic
    change
    North America 157 150 +4.9% +3.2%
    Main European countries(b) 93 89 +4.2% (1.8)%
    International(c) 22 25 (10.1)% (5.8)%
    Group total 273 264 +3.3% +0.6%
    (a)  The full-year 2023 financial statements published in March 2024 reflected Quadient’s decision to review the future of its Mail activity in Italy with a view to divest this subsidiary within the next 12 months.
    As this was the case in the full-year 2023 statements, Q2 2023 revenue from the afore-mentioned subsidiary is not represented in the consolidated revenue of the Group as it is recorded as discontinued operations. This is still the case in Q2 2024.
    (b)  Including Austria, Benelux, France, Germany, Ireland, Italy (excluding Mail), Switzerland, and the United Kingdom
    (c)  International includes the activities of Digital, Mail and Lockers outside of North America and the Main European countries

    First half-year 2024

    Consolidated income statement

    In € million H1 2024
    (period ended
    on 31 July 2024)
    H1 2023 restated
    (period ended
    on 31 July 2023)
    Sales 534 517
    Cost of sales (135) (131)
    Gross margin 399 387
    R&D expenses (31) (31)
    Sales and marketing expenses (143) (139)
    Administrative and general expenses (97) (90)
    Service and support expenses (58) (55)
    Employee profit-sharing, share-based payments and other expenses (5) (3)
    Acquisition-related expenses (4) (3)
    Current operating income 61 65
    Optimization expenses and other operating income & expenses (16) (6)
    Operating income 45 59
    Financial income/(expense) (21) (16)
    Income before taxes 24 43
    Income taxes 2 (6)
    Share of results of associated companies 0 (0)
    Net income from continued operations 26 37
    Net income of discontinued operations (1) (0)
    Net income 25 37
    Of which:

    • Minority interests
    1 1
    • Net attributable income
    24 36

    Simplified consolidated balance sheet

    Assets
    In € million
    H1 2024
    (period ended
    on 31 July 2024)
    FY 2023
    (period ended
    on 31 January 2024)
    Goodwill 1,089 1,082
    Intangible fixed assets 118 121
    Tangible fixed assets 158 156
    Other non-current financial assets 66 65
    Other non-current receivables 2 2
    Leasing receivables 591 598
    Deferred tax assets 47 17
    Inventories 71 67
    Receivables 193 228
    Other current assets 74 84
    Cash and cash equivalents 194 118
    Current financial instruments 2 2
    Assets held for sale 11 9
    TOTAL ASSETS 2,617 2,550
    Liabilities
    In € million
    H1 2024
    (period ended
    on 31 July 2024)
    FY 2023
    (period ended
    on 31 January 2024)
    Shareholders’ equity 1,064 1,069
    Non-current provisions 15 12
    Non-current financial debt 552 715
    Current financial debt 329 66
    Lease obligations 39 46
    Other non-current liabilities 4 2
    Deferred tax liabilities 119 104
    Financial instruments 4 5
    Trade payables 69 79
    Deferred income 190 212
    Other current liabilities 219 225
    Liabilities held for sale 13 15
    TOTAL LIABILITIES 2,617 2,550

    Simplified cash flow statement

     

    In €millions

    H1 2024
    (period ended
    on 31 July 2024)
    H1 2023 restated
    (period ended
    on 31 July 2023)
    EBITDA 111 112
    Other elements (11) (7)
    Cash flow before net cost of debt and income tax 100 105
    Change in the working capital requirement (19) (55)
    Net change in leasing receivables 6 16
    Cash flow from operating activities 87 66
    Interest and tax paid (38) (35)
    Net cash flow from operating activities 49 31
    Capital expenditure (46) (46)
    Net cash flow after investing activities 3 (15)
    Impact of changes in scope (8) 0
    Others 0 (0)
    Net cash flow after acquisitions and divestments (5) (15)
    Dividends paid 0 (0)
    Change in debt and others 64 25
    Net cash flow from financing activities 64 25
    Cumulative translation adjustments on cash (0) (1)
    Net cash from discontinued operations 2 (1)
    Change in net cash position 60 10

    Figures exclude Mail Italian subsidiary which has been reclassified as discontinued operations in 2023.
    (1) H1 2024 sales are compared to H1 2023 sales, to which is added pro rata temporis the revenue of Daylight and Frama for a consolidated amount of €12 million. The currency impact is positive for €1 million.
    (2) Including IFRS 16
    (3) H1 2024 ARR impacted by a €0.2 million negative currency effect vs 31 January 2024
    (4) EBITDA = current operating income + provisions for depreciation of tangible and intangible fixed assets.
    (5) For the H1 2024, the average compounded number of shares is 33,950,930. Diluted number of shares is 34,487,900.
    (6) Net debt / shareholders’ equity
    (7) Subject to the renewal of the share buyback authorizations at the 2025 AGM
    (8) FY 2026 leverage ratio excluding leasing target of 1.5x

    Attachment

    The MIL Network

  • MIL-OSI: Solutions30 announces the strategic acquisition of Xperal

    Source: GlobeNewswire (MIL-OSI)

    Solutions30 announces the acquisition of Xperal, a leading company specialized in end-to-end B2B solar projects in the Netherlands and Germany.

    Based in the Netherlands, Xperal is renowned for its comprehensive services in the solar energy sector, including design, engineering, procurement, commissioning, and maintenance. In 2023, the company achieved revenues of 15 million euros, demonstrating its strong market position and growth potential.

    This acquisition aligns with the Group strategic goal to expand its services into the Benelux region and increase its market share. Through this operation, the company will be able to, first, offer a broader range of services and, second, strengthen its position as a leading provider of sustainable energy solutions.

    “The acquisition of Xperal represents a significant milestone for Solutions30 by allowing us to extend our Energy Transition services in the Benelux region and Germany.” Says Luc Brusselaers, Chief Revenue Officer at Solutions30. “By integrating Xperal’s expertise in solar projects, we are now positioned to offer a complete portfolio of energy services, including smart metering, electric vehicle charging (EVC), power grid management, photovoltaic (PV) systems, and energy storage solutions.”

    More generally, this latest acquisition marks Solutions30’s ambition to accelerate the development of sustainable energy services and infrastructures for businesses and local authorities. It demonstrates its determination to offer a complete range of services across the entire value chain, as well as the latest technologies available.

    “This partnership with Solutions30 marks a new chapter for Xperal” comments Jaimie Louwers, Co-founder of Xperal. “This integration enables us to expand our geographical reach into the Benelux area, giving us access to new markets and opportunities. With Solutions30’s extensive resources and network, we are able to accelerate our growth and secure larger deals.”

    For further information please read the Xperal website: https://www.xperal.com/

    About Solutions30 SE

    The Solutions30 group is the European leader in solutions for new technologies. Its mission is to make the technological developments that are transforming our daily lives accessible to everyone, individuals and businesses alike. Yesterday, it was computers and the Internet. Today, it’s digital technology. Tomorrow, it will be technologies that make the world even more interconnected in real time. With more than 50 million call-outs carried out since it was founded and a network of more than 15,000 local technicians, Solutions30 currently covers all of France, Italy, Germany, the Netherlands, Belgium, Luxembourg, the Iberian Peninsula, the United Kingdom, and Poland. The share capital of Solutions 30 SE consists of 107,127,984 shares, equal to the number of theoretical votes that can be exercised.
    Solutions30 SE is listed on the Euronext Paris exchange (ISIN FR0013379484- code S30). Indexes: CAC Mid & Small | CAC Small | CAC Technology | Euro Stoxx Total Market Technology | Euronext Tech Croissance.
    Visit our website for more information: www.solutions30.com

    About Xperal

    Xperal acquisition includes Louwers Beheer B.V. and its subsidiaries: XPERAL B.V, Astra Solar B.V., Louwers Installatie B.V., Solar Benelux B.V., and Louwers Onroerend Goed B.V. Visit the website for more information: https://www.xperal.com.

    Contact

    Individual Shareholders:
    Tel: +33 1 86 86 00 63 – shareholders@solutions30.com

    Investor relations
    Investor.relations@solutions30.com

    Press – Image 7:
    Charlotte Le Barbier – Tel: +33 6 78 37 27 60 – clebarbier@image7.fr

    Attachment

    The MIL Network

  • MIL-OSI USA: Feenstra Helps Introduce Legislation to Keep American Taxpayer Dollars Out of the Hands of the Taliban

    Source: United States House of Representatives – Representative Randy Feenstra (IA-04)

    WASHINGTON, D.C. – Today, U.S. Rep. Randy Feenstra (R-Hull) helped introduce the No More Taxpayer Cash for the Taliban Act, which would implement guardrails and strengthen oversight to keep U.S. taxpayer dollars away from the Taliban.

    “There is no excuse for any money to fall into the hands of the Taliban. But, according to recent reports from the Special Inspector General for Afghanistan Reconstruction, nearly $3 billion in cash has gone from the United Nations to Afghanistan – which is now under the control of the Taliban following the Biden-Harris administration’s botched withdrawal. It’s unacceptable and dangerous,” said Rep. Feenstra. “I’m glad to support the No More Taxpayer Cash for the Taliban Act to ensure that our taxpayer dollars do not benefit terrorists. Rigorous oversight and accountability is vital to protecting our national security.”

    The No More Taxpayer Cash for the Taliban Act specifically prohibits federal agencies from using funds for direct cash assistance and prevents federal agencies from giving the United Nations dollars for direct cash assistance in Taliban-controlled Afghanistan.

    Legislative text can be found HERE.

    ###

    MIL OSI USA News

  • MIL-OSI Canada: Saskatchewan’s Health Human Resources Action Plan Shows Strong Results at Two-Year Anniversary

    Source: Government of Canada regional news

    Released on September 23, 2024

    Innovative Saskatchewan-Based Solutions to Recruit, Train, Incentivize, and Retain Enhance Competitiveness

    This month marks the two-year milestone of Saskatchewan’s historic Health Human Resources (HHR) Action Plan, which has delivered extraordinary health system progress within a short period of time.

    Since the launch of the HHR Action Plan in September 2022, over $300 million has now been invested in initiatives guided by the plan’s four pillars. These initiatives have expanded the current professional workforce to keep pace with provincial growth and supported stronger, more resilient future health care teams by opening doors to more educational seats and programs.

    The HHR Action Plan has advanced critical areas of the provincial health system in the past 24 months through targeted initiatives that have attracted top specialists, family physicians, registered nurses, and other in-demand health professionals to the province.

    “When our government unveiled the HHR Action Plan, we recognized it was ambitious but necessary to stabilize and reinforce our valued healthcare professionals,” Health Minister Everett Hindley said. “Each pillar has had major positive impacts by recruiting hundreds of high priority health care workers, adding hundreds of post-secondary training seats and new programs for students, delivering incentives to benefit health service delivery in rural and northern Saskatchewan communities, attracting specialists, and investing in supportive programs to retain our valued health care workforce.”

    The HHR Action Plan is the result of ongoing support, collaboration and partnerships between multiple ministries, health employers, health partner agencies and post-secondary institutions, as well as professional regulators. A key step was establishing the Saskatchewan Healthcare Recruitment Agency (SHRA) to accelerate and broaden efforts to recruit physicians, nurses, and other high priority professionals.

    “The establishment of SHRA brings the recruitment of health professionals to Saskatchewan under one umbrella,” SHRA CEO Terri Strunk said. “Our sole mandate is to implement strategies and best in practice activities to facilitate the regional, national and international recruitment, retention, transition and placement of health professionals in Saskatchewan. In collaboration with provincial and local stakeholders such as our health employers, provincial regulators, local health committees, and municipalities, we have made significant progress. There is still more work to do, but with the focused strategy of the Health Human Resources Action Plan, we are attracting top talent and addressing healthcare needs across the province.”

    Recruit

    Saskatchewan has seen impressive recruitment results since September 2022, with 218 physicians being recruited to Saskatchewan from outside of the province and 35 physicians from outside the country. These efforts resulted in 87 family physicians and 131 specialists establishing their practice in the province.

    Highly sought specialized health care providers recently hired include a pediatric gastroenterologist, four new psychiatrists, two perfusionists and a new physician assistant.

    The Saskatchewan Health Authority (SHA) has hired more than 1,400 recent nursing graduates from in-and out-of-province, and nearly 400 internationally educated nurses (IENs) have arrived from the Philippines. Approximately 280 IENs have successfully completed a transition to nursing in Canada programming and been placed in over 70 communities around the province. The remaining IENs are in the clinical portion of their training to obtain licensure.

    Twenty-seven new permanent Nurse Practitioner positions are posted in rural communities, and eight have already been filled.

    Train

    Advanced Education is centered on the “Train” pillar of the HHR Plan and targeted investments into health-related training programs have been achieved over the last two years, with over $100 million already invested to create approximately 870 new training seats in 33 health care programs at post-secondary institutions across the province.

    “The Ministry of Advanced Education has been playing a significant role in supporting the Health Human Resources Action Plan since its inception, and I am very proud of the work done in partnership with our institutions to operationalize this ambitious initiative,” Advanced Education Minister Colleen Young said. “Saskatchewan students now have more opportunities than ever before to train for a career in health care, which is pivotal for the sector and the people it serves.”

    The expanded seats will produce more graduates in critical health care fields such as nursing, mental health and addictions, medical diagnostic imaging, physicians, and many other professions. Saskatchewan is also introducing four new programs not previously offered in the province: occupational therapy, speech language pathology, respiratory therapy and physician assistants.

    Expanded seats and new programs are being made available at university and polytech campuses in Regina, Saskatoon, and Prince Albert, as well as some programs offered at various regional colleges across province including psychiatric nursing at North West College in North Battleford, sonography at Suncrest College in Yorkton, Mental Health and Wellness at Northlands College in La Ronge and Continuing Care Assistants at Southeast College in Weyburn.

    Incentivize

    A range of attractive incentive programs, such as the Rural and Remote Recruitment Incentive (RRRI) that includes a return-of-service agreement with recipients, has directly benefited over 50 communities across the province with more than 350 hard-to-recruit positions successfully filled.

    The Rural Physician Incentive Program was enhanced in 2024, and new incentives were introduced to support recruitment and retention of specialists in high demand, such as anesthesia, psychiatry, breast and interventional radiology in approved sites and certain pediatric subspecialities.

    The province has also disbursed over $1.3 million in bursaries, such as nearly 150 Final Clinical Bursaries, nearly 150 paramedic bursaries and other scholarships and available grants to encourage students to pursue a health care career. In addition, many graduates are eligible for the Graduate Retention Tax Credits and student loan forgiveness programs.

    “Our competitive HHR Action Plan has attracted a diverse group of new health care professionals to our vibrant and welcoming communities across rural and northern Saskatchewan,” Mental Health and Addictions, Seniors and Rural and Remote Health Minister Tim McLeod said. “These smaller centres provide unique opportunities to use a full range of skillsets and expertise within the workplace. It is exciting to see our young people receive rewarding employment opportunities upon graduation right here in Saskatchewan.”

    Retain

    Retention of health care staff has been a key area of focus by promoting the rewarding benefits of a career in health care, such as hiring 245 new and enhanced full-time permanent positions in high-priority occupations, including registered nurses, to stabilize staffing in rural and northern areas. Another 65 registered nurse positions have been increased from part time to full time in rural and remote locations with 36 positions filled.

    Scope of practice for pharmacists, nurse practitioners and advanced care paramedics has expanded to benefit patients and increase access to services for people living in rural communities, shorten wait times for primary care and give more options for obtaining certain health services.

    The SHA has implemented a variety of programs to enhance work environments and staff engagement opportunities including a mentorship program with over 200 participants, and actively engaging with First Nations and Métis communities and educational institutions to develop a First Nations and Métis recruitment and retention strategy.

    The SHA has also introduced multiple volunteer and career learning opportunities that are available to Saskatchewan high school students.

    “Our health care teams are the backbone of our health system,” SHA CEO Andrew Will said. “They are essential for delivering on our commitment to provide high-quality, culturally responsive and patient-centred care as close to home as possible. Our Health Human Resource strategies not only involve Saskatchewan Health Authority staff and physicians, but also leverage the strength of our volunteers, patient and family advisors, traditional knowledge keepers, and our network of community and health system partners.”

    -30-

    For more information, contact:

    MIL OSI Canada News

  • MIL-OSI Security: B. Chad Yarbrough Named Assistant Director of the Criminal Investigative Division

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

    Director Christopher Wray has named B. Chad Yarbrough as assistant director of the Criminal Investigative Division at FBI Headquarters in Washington, D.C. Mr. Yarbrough most recently served as special agent in charge of the Dallas Field Office.

    Mr. Yarbrough joined the FBI as a special agent in 2006 and was assigned to the Dothan Resident Agency of the Mobile Field Office in Alabama, where he investigated violent crime and crimes against children. In 2010, Mr. Yarbrough transferred to the Chicago Field Office. As a member of the Joint Terrorism Task Force, he investigated domestic terrorism matters.

    In 2012, Mr. Yarbrough was promoted to supervisory special agent and worked in the Inspection Division at FBI Headquarters in Washington, D.C. In 2014, Mr. Yarbrough was named supervisory special agent of the Mobile Field Office’s Violent Criminal Threats squad. In 2017, Mr. Yarbrough was promoted to assistant special agent in charge of the Pittsburgh Field Office, overseeing the criminal, crisis-management, and SWAT programs.

    In 2020, Mr. Yarborough was promoted to section chief of the National Threat Operations Section. In 2021, he was named deputy assistant director in the Criminal Investigative Division at FBI Headquarters, overseeing the Transnational Organized Crime, Violent Crime, and Operational Support sections. 

    In 2023, Mr. Yarbrough was named special agent in charge of the Dallas Field Office. 

    Mr. Yarbrough holds a bachelor’s degree in accounting from Sam Houston State University in Texas. Prior to joining the FBI, Mr. Yarbrough served as a special agent for the Internal Revenue Service (IRS).

    MIL Security OSI

  • MIL-OSI USA: MEMORANDUM: EXECUTIVE ORDER NUMBER 24-208 (Emergency Management – Potential Tropical Cyclone Nine)

    Source: US State of Florida

    TO:                Members of the Press

    FROM:          Bryan Griffin, Director of Communications, Governor Ron DeSantis

    DATE:           Monday, September 23, 2024

    RE:                Executive Order Number 24-208 (Emergency Management – Potential Tropical Cyclone Nine)

    Today, Governor Ron DeSantis issued Executive Order (EO) 24-208, Emergency Management – Potential Tropical Cyclone Nine, declaring a state of emergency in 41 Florida counties ahead of the storm.

    To read the full executive order, click here or read below:

    STATE OF FLORIDA
    OFFICE OF THE GOVERNOR
    EXECUTIVE ORDER NUMBER 24-208
    (Emergency Management – Potential Tropical Cyclone Nine)

    WHEREAS, as of 11:00 AM EDT on Monday, September 23, 2024, showers and thunderstorms located over the northwestern Caribbean Sea and portions of Central America have been associated with a broad area of low pressure, now identified as Potential Tropical Cyclone Nine; and

    WHEREAS, based on atmospheric and oceanic data, highly conducive environmental conditions are forecast to organize and develop Potential Tropical Cyclone Nine into a tropical depression or tropical storm during the next day or two over the northwestern Caribbean Sea and southeastern Gulf of Mexico, where further development and strengthening is expected; and

    WHEREAS, forecast models indicate that this system will have a vast areal extent, and its impact will likely extend well beyond its center, along the northeast Gulf Coast; and

    WHEREAS, there is a significant threat of storm surge, coastal flooding and erosion, heavy rainfall and flash flooding, and damaging winds to the Florida Gulf Coast; and

    WHEREAS, due to the impacts from Hurricane Debby, the water tables and riverine levels across North and West-Central Florida remain above normal, and the additional incoming heavy rainfall will likely cause significant riverine flooding for an extended period; and

    WHEREAS, the incoming heavy rainfall, flooding, and gusty winds will cause widespread power outages due to fallen trees and powerlines; and

    WHEREAS,
    these conditions could damage the operational capability of major interstates, roadways, bridges, airports, schools, hospitals, power grids and other critical infrastructure; and

    WHEREAS, as Governor of Florida, I am responsible to meet the dangers presented to the State of Florida and its people by this emergency.

    NOW, THEREFORE, I, Ron DeSantis, as Governor of Florida, by virtue of the authority vested in me by Article IV, Section 1(a) of the Florida Constitution and by the Florida Emergency Management Act, as amended, and all other applicable laws, promulgate the following Executive Order, to take immediate effect:

    Section 1.        Because of the foregoing conditions, which are projected to constitute a major disaster, I declare that a state of emergency exists in Alachua, Bay, Bradford, Calhoun, Charlotte, Citrus, Collier, Columbia, Dixie, Escambia, Franklin, Gadsden, Gilchrist, Gulf, Hamilton, Hernando, Hillsborough, Holmes, Jackson, Jefferson, Lafayette, Lee, Leon, Levy, Liberty, Madison, Manatee, Marion, Monroe, Okaloosa, Pasco, Pinellas, Santa Rosa, Sarasota, Sumter, Suwannee, Taylor, Union, Wakulla, Walton, and Washington counties.

    Section 2.        I designate the Executive Director of the Division of Emergency Management (“Director”) as the State Coordinating Officer for the duration of this emergency and direct him to execute the State’s Comprehensive Emergency Management Plan and other response, recovery, and mitigation plans necessary to cope with the emergency, including any logistical, rescue or evacuation operations.  Pursuant to section 252.36(1)(a), Florida Statutes, I delegate to the State Coordinating Officer the authority to exercise those powers delineated in sections 252.36(6)-(12), Florida Statutes, which he shall exercise as needed to meet this emergency, subject to the limitations of section 252.33, Florida Statutes.  In exercising the powers delegated by this Executive Order, the State Coordinating Officer shall confer with the Governor to the fullest extent practicable.  The State Coordinating Officer shall also have the authority to:

    A. Invoke and administer the Emergency Management Assistance Compact (“EMAC”) (sections 252.921-252.9335, Florida Statutes) and other compacts and agreements existing between the State of Florida and other states, and the further authority to coordinate the allocation of resources from such other states that are made available to Florida under such compacts and agreements so as to best meet this emergency.

    B. Seek direct assistance and enter into agreements with any and all agencies of the federal government as may be needed to meet this emergency.

    C. Direct all state, regional, and local governmental agencies, including law enforcement agencies, to identify personnel needed from those agencies to assist in meeting the response, recovery, and mitigation needs created by this emergency, and to place all such personnel under the direct command and coordination of the State Coordinating Officer to meet this emergency.

    D. Direct the actions of any state agency as necessary to implement the Federal Emergency Management Agency’s National Disaster Recovery Framework.

    E. Designate Deputy State Coordinating Officers and Deputy State Disaster Recovery Coordinators, as necessary.

    F. Suspend the effect of any statute, rule, or order that would in any way prevent, hinder, or delay any mitigation, response, or recovery action necessary to cope with this emergency. In accordance with section 252.3611(1), Florida Statutes, any such order, declaration, or other action shall specify each statute or rule being amended or waived, if applicable, and the expiration date for the order or action.

    G. Enter orders as may be needed to implement any of the foregoing powers; however, the requirements of sections 252.46 and 120.54(4), Florida Statutes, do not apply to any such orders issued by the State Coordinating Officer.  No such order shall remain in effect beyond the expiration of this Executive Order, including any extension thereof.

    Section 3.        I order the Adjutant General to activate the Florida National Guard, as needed, to deal with this emergency.  I further order the Director of the Florida State Guard to activate the Florida State Guard, as needed, to respond to this emergency.

    Section 4.        I find that the special duties and responsibilities resting upon some state, regional, and local agencies and other governmental bodies in responding to this emergency may require them to suspend or waive certain statutes, rules, ordinances, and orders they administer.  Therefore, I issue the following authorizations:

    A. Pursuant to section 252.36(6)(a), Florida Statutes, the Executive Office of the Governor may suspend all statutes and rules affecting budgeting to the extent necessary to provide budget authority for state agencies to cope with this emergency.  The requirements of sections 252.46 and 120.54(4), Florida Statutes, do not apply to any such suspension issued by the Executive Office of the Governor.  No such suspension shall remain in effect beyond the expiration of this Executive Order, including any extension thereof.

    B. Each state agency may suspend the provisions of any regulatory statute prescribing the procedures for conduct of state business or the orders or rules of that agency, if strict compliance with the provisions of any such statute, order, or rule would in any way prevent, hinder, or delay necessary action in coping with the emergency.  This includes, but is not limited to, the authority to suspend any and all statutes, rules, ordinances, or orders which affect leasing, printing, purchasing, travel, and the condition of employment and the compensation of employees.  In accordance with section 252.3611(1), Florida Statutes, any agency order, declaration, or other action suspending a statute or rule shall specify each statute or rule being amended or waived, if applicable, and the expiration date for the order or action.  The requirements of sections 252.46 and 120.54(4), Florida Statutes, shall not apply to any such suspension issued by a state agency. No such suspension shall remain in effect beyond the expiration of this Executive Order, including any extension thereof.

    C. In accordance with section 252.38(3), Florida Statutes, each political subdivision within the State of Florida may waive the procedures and formalities otherwise required of the political subdivision by law pertaining to:

    1) Performance of public work and taking whatever prudent action is necessary to ensure the health, safety, and welfare of the community;

    2) Following local procurement and contracting policies;

    3) Entering into contracts; however, political subdivisions are cautioned against entering into time and materials contracts without a ceiling as defined by 2 CFR 200.318(j) or cost plus a percentage of cost contracts prohibited by 2 CFR 200.324(d);

    4) Incurring obligations;

    5) Employment of permanent and temporary workers;

    6) Utilization of volunteer workers;

    7) Rental of equipment;

    8) Acquisition and distribution, with or without compensation, of supplies, materials, and facilities; and

    9) Appropriation and expenditure of public funds.

    D. All agencies whose employees are certified as disaster service volunteers within the meaning of section 110.120(2)(d), Florida Statutes, may, in accordance with section 110.120(3), Florida Statutes, release any such employees for such service as requested by the employee to meet this emergency.

    E. The Secretary of the Florida Department of Transportation (DOT) may:

    1) Waive the collection of tolls and other fees and charges for the use of the Turnpike and other public highways, to the extent such waiver may be needed to provide emergency assistance or facilitate the evacuation of the affected counties;

    2) Manage the flow of traffic or close any and all roads, highways, and portions of highways as may be needed for the safe and efficient transportation of evacuees to those counties that the State Coordinating Officer may designate as destination counties for evacuees in this emergency;

    3) Suspend enforcement of the registration requirements pursuant to section 316.545(4), Florida Statutes, for commercial motor vehicles that enter Florida to provide emergency services or supplies, to transport emergency equipment, supplies or personnel, or to transport FEMA mobile homes or office style mobile homes into or from Florida;

    4) Waive by special permit the warning signal requirements in the Utility Accommodations Manual to accommodate public utility companies from other jurisdictions which render assistance in restoring vital services; and

    5) Waive the size and weight restrictions for divisible loads on any vehicles transporting emergency equipment, services, supplies, and agricultural commodities and citrus as recommended by the Commissioner of Agriculture, allowing the establishment of alternate size and weight restrictions for all such vehicles for the duration of the emergency.  The DOT shall issue permits and such vehicles shall be subject to such special conditions as the DOT may endorse on any such permits.

    Nothing in this Executive Order shall be construed to allow any vehicle to exceed weight limits posted for bridges and like structures, or relieve any vehicle or the carrier, owner, or driver of any vehicle from compliance with any restrictions other than those specified in this Executive Order, or from any statute, rule, order, or other legal requirement not specifically waived or suspended herein or by supplemental order by the State Coordinating Officer.

    F. The Executive Director of the Department of Highway Safety and Motor Vehicles (DHSMV) may:

    1) Suspend enforcement of the registration requirements pursuant to sections 316.545(4) and 320.0715, Florida Statutes, for commercial motor vehicles that enter Florida to provide emergency services or supplies, to transport emergency equipment, supplies or personnel, or to transport FEMA mobile homes or office style mobile homes into or from Florida;

    2) Waive the hours-of-service requirements for such vehicles;

    3) Suspend the enforcement of the licensing and registration requirements under the International Fuel Tax Agreement (IFTA) pursuant to chapter 207, Florida Statutes, and the International Registration Plan (IRP) pursuant to section 320.0715, Florida Statutes, for motor carriers or drivers operating commercial motor vehicles that are properly registered in other jurisdictions and that are participating in emergency relief efforts through the transportation of equipment and supplies or providing other assistance in the form of emergency services;

    4) Waive fees for duplicate or replacement vessel registration certificates, vessel title certificates, vehicle license plates, vehicle registration certificates, vehicle tag certificates, vehicle title certificates, handicapped parking permits, replacement drivers’ licenses, and replacement identification cards and to waive the additional fees for the late renewal of or application for such licenses, certificates, and documents due to the effects of adverse weather conditions; and

    5) Defer administrative actions and waive fees imposed by law for the late renewal or application for the above licenses, certificates, and documents, which were delayed due to the effects of adverse weather conditions, including in counties wherein the DHSMV has closed offices, or any office of the County Tax Collector that acts on behalf of the DHSMV to process renewals has closed offices due to adverse weather conditions.  Recordkeeping and other applicable requirements for existing IFTA and IRP licensees and registrants are not affected by this Executive Order.  The DHSMV shall promptly notify the State Coordinating Officer when the waiver is no longer necessary.

    G. In accordance with section 465.0275(2), Florida Statutes, pharmacists may dispense up to a 30-day emergency prescription refill of maintenance medication to persons who reside in an area or county covered under this Executive Order and to emergency personnel who have been activated by their state or local agency but who do not reside in an area or county covered by this Executive Order.  In accordance with section 465.019(4)(b), Florida Statutes, a hospital that operates a Class II or Class III institutional pharmacy located in an area or county covered under this Executive Order may prescribe and dispense a supply of medicinal drug lasting up to 72 hours.

    H. All state agencies responsible for the use of state buildings and facilities may close such buildings and facilities in those portions of the State affected by this emergency, to the extent necessary to meet this emergency.  I direct each state agency to report the closure of any State building or facility to the WebEOC system utilized by the Division of Emergency Management.  Under the authority contained in section 252.36, Florida Statutes, I direct each county to report the closure of any building or facility operated or maintained by the county or any political subdivision on a daily basis to the WebEOC system.  Furthermore, I direct the Secretary of the Department of Management Services to:

    1) Maintain an accurate and up-to-date list of all such closures; and

    2) Provide that list daily to the State Coordinating Officer.

    I. All State agencies may abrogate the time requirements, notice requirements, and deadlines for final action on applications for permits, licenses, rates, and other approvals under any statutes or rules under which such application are deemed to be approved unless disapproved in writing by specified deadlines.  All such time requirements that have not yet expired as of the date of this Executive Order are suspended and tolled to the extent necessary to meet this emergency.

    J. All agencies shall implement Selected Exempt Services (SES) Extraordinary Payment Plans and Career Service Regular Compensatory Leave Payment Plans for:

    1) All essential agency personnel who are required to work extraordinary hours when state-owned or state-operated facilities are closed in response to an emergency condition.  Employees who are eligible to receive extraordinary pay under the agency’s activated plan shall accrue special compensatory leave credits for work performed during facility closures up to the number of hours in the employee’s established workday.  For these employees, any additional time worked beyond the employee’s established workday during facility closures will result in extraordinary pay;

    2) All agency personnel who are assigned to the State Emergency Operations Center and are required to work extraordinary hours; and

    3)  All agency personnel who are deployed throughout the state in response to an emergency condition and are required to work extraordinary hours.

    K. All State agencies may waive the forty-day time limit to issue a warrant pursuant to section 215.422(3)(b), Florida Statutes.  This waiver applies to invoices and reimbursement requests arising from this emergency that were received, inspected, and approved by the agency prior to the expiration of this Executive Order, including any extension thereof.  This waiver of section 215.422(3)(b), Florida Statutes, and all waivers based upon this waiver shall expire upon the expiration of this Executive Order, including any extension thereof.

    L. The provisions of section 934.50, Florida Statutes, excluding subsection (4), are waived for state and local agencies conducting emergency operations arising from the state of emergency for the limited purpose of capturing aerial evidence concerning the amount of damage sustained to private and public property; to assist in search, rescue, and recovery activities; and prevent imminent danger to life or serious damage to property.

    Section 5.        All public facilities, including elementary and secondary schools, community colleges, state universities, and other facilities owned or leased by the state, regional or local governments that are suitable for use as public shelters shall be made available at the request of the local emergency management agencies to ensure the proper reception and care of all evacuees.  Under the authority contained in section 252.36, Florida Statutes, I direct the Superintendent of each public-school district in the State of Florida to report the closure of any school within its district to the Commissioner of the Florida Department of Education.  Furthermore, I direct the Commissioner of the Department of Education to:

    A. Maintain an accurate and up-to-date list of all such closures; and

    B. Provide that list daily to the State Coordinating Officer.

     Section 6.        I find that the demands placed upon funds specifically appropriated to state and local agencies for disaster relief or response are unreasonably great and that such funds may be inadequate to pay the costs of coping with this emergency.  In accordance with section 252.37(2), Florida Statutes, I direct that sufficient funds be made available, as needed, by transferring and expending moneys from the Emergency Preparedness and Response Fund.

     Section 7.        All state agencies entering emergency orders, emergency rules, or other emergency actions in response to this emergency shall advise the State Coordinating Officer contemporaneously or as soon as practicable thereafter, and, pursuant to section 252.36(3)(b), Florida Statutes, shall submit the order or declaration to the Division of Administrative Hearings within five (5) days of issuance.

    Section 8.        Medical professionals and workers, social workers, and counselors with good and valid professional licenses issued by states other than the State of Florida may render such services in Florida during this emergency for persons affected by this emergency with the condition that such services be rendered to such persons free of charge, and with the further condition that such services be rendered under the auspices of the American Red Cross or the Florida Department of Health.

    Section 9. Pursuant to section 501.160, Florida Statutes, it is unlawful and a violation of section 501.204, Florida Statutes, for a person to rent or sell or offer to rent or sell at an unconscionable price within the area for which the state of emergency is declared, any essential commodity including, but not limited to, supplies, services, provisions, or equipment that is necessary for consumption or use as a direct result of the emergency.

    Section 10.        Under the authority contained in sections 252.36(6)(a), (g), and (m), Florida Statutes, I direct that, for the purposes of this emergency, the term “essentials”, as defined by section 252.359(2), Florida Statutes, shall be the same as and no more expansive than the term “commodity”, as defined by section 501.160(1)(a), Florida Statutes (hereinafter referred to collectively or alternatively as “essential commodities”).  Accordingly, any person who delivers essential commodities to a location in the area(s) declared to be under a state of emergency by this Executive Order, and when necessary to ensure that those commodities are made available to the public, may travel within evacuated areas and exceed curfews, provided the State Coordinating Officer determines, after consultation with the appropriate Emergency Support Function(s), that:

    A. Law enforcement officials in the declared area(s) can provide adequate security to protect the essential commodities from theft;

    B. The weight of a delivery vehicle will not jeopardize the structural integrity of any roadway or bridge located within the declared area;

    C. Delivery vehicles will not negatively impact evacuation activities in the declared area(s); and

    D. Delivery vehicles will not negatively impact any response or recovery activities occurring within the declared area(s).

    After consulting with the appropriate Emergency Support Function(s), and after consulting with local officials, the State Coordinating Officer may dictate the routes of ingress, egress, and movement within the declared area(s) that drivers must follow when delivering essential commodities.

    Provided he or she is actually delivering medications, any person authorized to deliver medications under chapter 893, Florida Statutes, qualifies as a person delivering essential commodities.

    In order to qualify as a person delivering essential commodities under this section, a person must be in the process of delivering essential commodities only.  If an individual is transporting both essential and non-essential commodities, then this section shall not provide any authorization for that individual to enter into or move within the declared area(s).

    Section 11.        Consistent with Executive Order 80-29, nothing in this Executive Order shall prevent local jurisdictions in any area not declared to be under a state of emergency by this Executive Order from taking prompt and necessary action to save lives and protect the property of their citizens, including the authority to compel and direct timely evacuation when necessary.

    Section 12.         I authorize the Florida Housing Finance Corporation to distribute funds pursuant to section 420.9073, Florida Statutes, to any county, municipality, or other political subdivision located within the area(s) declared to be under a state of emergency by this Executive Order.  The authority of the Florida Housing Finance Corporation to distribute funds in connection with this emergency shall expire six months after the expiration of this Executive Order, including any extension thereof.

         Section 13.      All actions taken by the Director of the Division of Emergency Management with respect to this emergency before the issuance of this Executive Order are ratified.

    Section 14.     This Executive Order is effective immediately and shall expire sixty (60) days from this date unless extended.

    ###

    MIL OSI USA News

  • MIL-OSI Security: Last Two Defendants in the Violent Kennedy Street Crew Case Plead Guilty to Narcotics and Firearms Counts

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    The KDY Crew Operated Open-Air Drug Markets in Northwest Washington D.C.

               WASHINGTON – Khali Ahmed Brown, 23, Keion Michael Brown, 21, members of the violent Kennedy Street Crew (KDY), pleaded guilty today to narcotics and firearms charges for their roles in a massive drug trafficking organization that operated open-air markets in Northwest Washington D.C. 

               Khali Brown, aka “Migo Lee,” of Washington D.C., who many view as the face of KDY, pleaded guilty to conspiracy to distribute 100 kilograms or more of marijuana, fentanyl, and oxycodone. He also pleaded guilty to charges of possessing a firearm in furtherance of a drug trafficking offense and assault with a dangerous weapon for his role in a November 18, 2022, shooting just outside Jackson-Reed High School.

               His brother, Keion Michael Brown, of Washington D.C., pleaded guilty to conspiracy to distribute 100 kilograms or more of marijuana and oxycodone and a charge of possessing a firearm during a drug trafficking offense. U.S. District Judge Beryl A. Howell scheduled sentencing on December 12, 2024, for both men. 

               The sentences were announced by U.S. Attorney Matthew M. Graves, FBI Acting Special Agent in Charge David Geist of the Washington Field Office Criminal and Cyber Division, DEA Special Agent in Charge Jarod Forget of the Washington Division, ATF Special Agent in Charge James VanVliet of the Bureau of Alcohol, Tobacco, Firearms, and Explosives – Washington Division, and Special Agent in Charge Kareem Carter, of the Internal Revenue Service – Criminal Investigation Washington D.C. Field Office.

                “The prosecution targeted leaders and key members of the KDY street crew–one of the largest, oldest, and most violent street crews in our city,” said U.S. Attorney Graves. “With these guilty pleas, every defendant charged in connection with this investigation has now pled guilty to charges that will ensure that they will be removed from, and no longer driving violence in, our community.”

                “DEA’s top operational priority is combatting the current fentanyl crisis and the drug-related violence that is devastating the very foundation of our community and family structures,” said Jarod Forget, Special Agent in Charge of the DEA Washington Division.  Today’s guilty plea clearly shows that Mr. Brown, aka “Migo Lee,” and his associations with violent criminal drug trafficking networks like the Kennedy Street Crew showed little respect for the wellbeing of the community.  We are taking a strong stance and implementing strict measures to protect every city neighborhood.”

               According to court documents, KDY members operated open-air drug markets on an 11-block stretch of Kennedy Street in Northwest Washington, D.C., as well as surrounding streets. Like many drug trafficking organizations (DTOs), KDY armed itself with fire power to facilitate its drug trade and defend its territory from rival crews. During the charged conspiracy, from June 2019 to June 2023, on KDY territory there were five homicides, resulting in the deaths of seven and the wounding of six additional individuals, one assault with intent to kill with three wounded, and 19 assaults with a deadly weapon.

               Khali Brown was among the charged defendants who played a key role in smuggling bulk quantities of marijuana from the West Coast to the DMV area, which allowed the crew to sell at significant profits and thereby fuel its operations.

               Both defendants maintained stash houses of KDY’s controlled substances and fire power.  By way of illustration, on January 26, 2023, law enforcement conducted an interdiction at Baltimore-Washington International Airport (BWI) in anticipation of several KDY members, including Khali Brown, smuggling marijuana back to the Washington, D.C. Metropolitan Area through BWI via an overnight flight from LAX. During the interdiction, law enforcement seized five of the checked bags containing 39.2 kilograms of marijuana, but Khali Brown and his co-defendant Herman Signou evaded law enforcement with some of their luggage and  traveled to a stash house at the 1700 block of D Street NE.

               Hours later, law enforcement executed a search warrant at the residence, where officers found Khali Brown, Keion Brown, and co-defendants Tristan Ware, Jovan Williams, and Herman Signou, among other KDY associates. Inside, law enforcement seized ten firearms (including two machine guns), assorted ammunition, 21 kilograms of marijuana, 39.5 grams of fentanyl-laced pills, and oxycodone pills in suitcases consistent with those taken from the airport during the BWI interdiction. Among the firearms recovered was the Glock 17 9mm firearm that Khali Brown and his co-conspirators had used in the November 18, 2022, shooting outside Jackson-Reed High School.

               When Khali Brown and two co-defendants were arrested on June 26, 2023, at yet another stash house in the 1300 block of 5th Street NW, inside the residence were approximately 3.5 kilograms of marijuana, $2,710 in cash and five machine guns, and one firearm. 

              Keion Brown was a wanted fugitive when, on November 17, 2023, officers tracked him and his associates, including Jovan Williams, to a laundry room on the 4700 block of Benning Road NE. Law enforcement arrested Keion Brown, Jovan Williams, and an associate and found four firearms concealed within the laundry room, including Keion Brown’s machine gun.

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

               It was investigated by the Metropolitan Police Department, the DEA’s Washington Division, ATF’s Washington Field Division, with assistance from FBI’s Washington Field Office, and the IRS-Criminal Investigation Washington, D.C. Office.

               It is being prosecuted by Assistant U.S. Attorneys Matthew W. Kinskey and Sitara Witanachchi, of the of the Violence Reduction and Trafficking Offenses Section of the U.S. Attorney’s Office for the District of Columbia. Valuable assistance was provided by former Special Assistant United States Attorney Brian Lynch.

    DEFENDANTS

    NAME

    AGE

    CHARGES

    Kenneth Ademola Olugbenga 27 Pleaded Guilty 9/15/2024, to Conspiracy to Distribute and Possess with the Intent to Distribute 500 Grams or more of Cocaine Base, and a Detectable Amount of Marijuana; and Possessing a Firearm in Furtherance of a Drug Trafficking Offense.
    Khali Ahmed Brown, aka “Migo Lee” 23 Pleaded Guilty 9/20/2024, to Conspiracy to Distribute 100 Kilograms or More of Marijuana, Fentanyl, and Oxycodone; Possessing a Firearm in Furtherance of a Drug Trafficking Offense; Assault with a Dangerous Weapon.
    Miasiah Jamal Brown, aka “Michael Jamal Crawford” 21 Sentenced 8/16/2024, to 60 Months for Possession of a Firearm in Furtherance of a Drug Trafficking Offense.
    Keion Michael Brown 21 Pleaded Guilty 9/20/2024, to Conspiracy to Distribute Marijuana and Cocaine Base; Possessing a Firearm in Furtherance of a Drug Trafficking Offense.
    Tristan Miles Ware, aka “Greedy” 23 Pleaded Guilty 7/11/2024 to Conspiracy to Distribute 100 Kilos of Marijuana and Possession of a Firearm During a Drug Trafficking Offense.
    Jovan Williams, aka “Chewy” 19 Pleaded Guilty on 9/5/2024, to Conspiracy to Distribute 100 Kilos of Marijuana and Armed Carjacking.
    Herman Eric-Bibmin Signou, aka “Herman Signour” 23 Sentenced 3/22/2024, to 40 Months for Conspiracy to Distribute and Possess with Intent to Distribute 100 Kilograms of More of Marijuana.
    Cameron Xavier Reid 26 Sentenced 5/31/2024, to Five Years for Conspiracy to Distribute 100 Kilograms of More of Marijuana.
    Aaron DeAndre Mercer, aka “Curby” 27 Sentenced 9/13/2024, to 120 Months for Conspiracy to Distribute 400 Grams or More of Fentanyl, Marijuana, and Cocaine Base.
    David Penn, aka “Turtle” 30 Pleaded Guilty 6/27/2024, to Conspiracy to Distribute 40 Grams of Fentanyl and Possessing a Firearm in Furtherance of a Drug Trafficking Offense.
    Ronald Lynn Dorsey, aka “Ron G” and “HBGeezy” 29 Sentenced 9/13/2024, to 30 Months for Conspiracy to Commit Money Laundering.
    Antonio Reginald Bailey, aka “Boy Boy,” and “Fellow King” 22 Sentenced 2/8/2024, to 24 Months for Receiving a Firearm While Under Indictment.
    Anthony Trayon Bailey, aka “Fat Ant,” and “Bizzle” 27 Sentenced 4/26/2024, to 15 months for Conspiracy to Distribute 100 Kilograms or More of Marijuana, 400 Grams or More of Fentanyl, and a Mixture and Substance Containing a Detectable Amount of Cocaine Base.
    Angel Enrique Suncar, aka “Coqui” 29 Pleaded Guilty 6/12/2024, to Possessing a Firearm During a Drug Trafficking Offense.
    Warren Lawrence Fields, III, aka B-Dub 26 Sentenced 5/16/2024, to 90 Months for Possessing a Firearm During a Drug Trafficking Offense and for Conspiracy to Commit Money Laundering.
    Juwan Demetrius Clark, aka “Juan” and “Squirrel” 28 Pleaded Guilty 9/17/2024, to Conspiracy to Launder Monetary Instruments.
    Adebayo Adediji Green 30 Sentenced 8/16/2024, to 60 Months for Possessing a Firearm During a Drug Trafficking Offense.

    Defendant Cameron Reid is from Falmouth, VA. Green is from Hyattsville, MD. All remaining defendants are from Washington, D.C.

    23cr0202

     

    MIL Security OSI

  • MIL-OSI USA: New poll: Nick Begich takes the lead over Mary Peltola

    Source: US National Republican Congressional Committee

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


    September 23, 2024


    A new poll found Nick Begich surging into the lead against Democrat Mary Peltola. Begich leads Peltola by four points on the first-choice ballot, maintaining his lead in subsequent rounds.

    Fueling the momentum is Democrat Peltola’s plummeting favorability: “In summary, the more voters learn about Peltola’s record, the less they like. Mary Peltola is taking on water despite her initial spending advantage, driven in large part by Republican ads highlighting her support for the Biden agenda and votes against Alaska’s veterans and those actively serving in uniform.” Read the full memo here.

    “Alaskans fed up with Democrat Mary Peltola voting for the Biden-Harris agenda and against veterans and military troops are choosing Nick Begich.” – NRCC Spokesperson Ben Petersen

    In case you missed it…

    POLITICO Playbook: First in Playbook I
    POLITICO
    Rachel Bade, Eugene Daniels and Ryan Lizza
    September 23, 2024

    FIRST IN PLAYBOOK I — A new NRCC poll has serious warning signs for Democratic Rep. MARY PELTOLA in Alaska: Republican NICK BEGICH leads her 44 percent to 40 percent on the first-round ballot, and would clinch victory after redistribution of ranked-choice votes in the GOP survey. They find Peltola’s favorability declining as voters increasingly hear more negative information about her. The polling memo

    Read more here.


    MIL OSI USA News

  • MIL-OSI USA: House Fights the Woke Agenda of the Biden-Harris Administration

    Source: United States House of Representatives – Representative Mike Johnson (LA-04)

    WASHINGTON — This week, the Republican-led House took several important steps to expose and fight the woke agenda of the Biden-Harris Administration.

    “This week, the House passed three comprehensive anti-woke legislative packages, along with several key individual bills, to counter the woke, wasteful, and weaponized agenda of the Biden-Harris Administration. Americans want our banks to be fiduciaries, not social justice warriors. And they want our schools to be places of education, not indoctrination. These key pieces of legislation expose the Democrats radical agenda that’s hurting our students, our banks, and our country,” Speaker Johnson said.

    “From enhancing transparency at the SEC and safeguarding retirement plans so Americans can secure their futures without interference from radical agendas, to challenging divisive DEI mandates that prioritize identity over merit and protecting free speech on our college campuses – House Republicans are working to restore common-sense and accountability in our federal government.”

    Below is a complete list of legislative packages and individual bills passed this week:

    H.R. 5339 – Protecting Americans’ Investments from Woke Policies Act 

    H.R.5339 – RETIRE Act

    H.R.5338 – No Discrimination in My Benefits Act

    H.R.5337 – Retirement Proxy Protection Act

    H.R.5340 – Providing Complete Information to Retirement Investors Act

    H.R. 3724 – End Woke Higher Education Act 

    H.R.3724 – Accreditation for College Excellence Act

    H.R.7683 – Respecting the First Amendment on Campus Act

    H.R. 4790 – Prioritizing Economic Growth Over Woke Policies Act

    H.R.4790 – Guiding Uniform and Responsible Disclosure Requirements and Information Limits Act

    H.R.4655 – Businesses Over Activists Act

    H.R.4767 – Protecting Americans’ Retirement Savings from Politics Act

    H.R.4823 – American FIRST Act

    H.R. 5717 – No Bailout for Sanctuary Cities Act 

    H.J. Res. 136 – Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Environmental Protection Agency relating to “Multi-Pollutant Emissions Standards for Model Years 2027 and Later Light-Duty and Medium-Duty Vehicles”

    MIL OSI USA News

  • MIL-OSI: UPDATE – Thnks Announces Winners of the 2024 Thnks Gratitude in Business Awards

    Source: GlobeNewswire (MIL-OSI)

    NASHVILLE, Tenn., Sept. 23, 2024 (GLOBE NEWSWIRE) — Thnks, the first on-demand gratitude expression platform for enterprises, SMBs, and individual contributors, today announced Troy Stevenson, Account Manager at Pegasus Logistics Group as the individual winner and Pegasus Logistics Group as the company winner for the 2024 Thnks Gratitude in Business Awards sponsored by First Horizon.

    As the gratitude in business pioneer, Thnks has transformed small gestures of appreciation into enduring business connections, fostering loyalty, and driving revenue growth. Through the Thnks Gratitude in Business Awards, Thnks celebrates individuals and organizations who are growing their businesses with gratitude.

    “Troy and the entire team at Pegasus Logistics Group inspire a ripple effect of gratitude that transforms how we do business and strengthens our communities,” said Brendan Kamm, Thnks Co-Founder and CEO. “The response to this year’s Thnks Gratitude in Business Award has been truly remarkable. We’ve seen an inspiring array of stories demonstrating how gratitude is being leveraged as a powerful tool for business growth and relationship building.”

    Pegasus Logistics Group, the first company honored by the Gratitude in Business Awards, is being recognized for their exceptional dedication to fostering a culture of appreciation and recognition to drive growth. The company’s innovative initiatives, including their Culture Team’s CREW program and “People on Point” rewards system, demonstrate a strong commitment to fostering a culture of gratitude and empowerment. As the individual winner, Stevenson’s commitment to building trust-based relationships and consistently showing appreciation embodies the transformative power of gratitude in the workplace.

    “We are truly honored to receive this recognition from Thnks and First Horizon,” said Ken Beam, Founder and CEO of Pegasus Logistics Group. “Gratitude is at the heart of our culture, and this win is a testament to the dedication and commitment of individuals like Troy Stevenson and all our team members. We believe that gratitude is the foundation for building strong relationships with our team members, clients, partners, and the community. It’s wonderful to see both Troy’s efforts and the collective spirit of Pegasus Logistics recognized. We’re excited to continue fostering an environment where appreciation drives success and strengthens our connections.”

    Stevenson will be awarded $10,000 in Thnks credits to enhance further the gratitude program at Pegasus Logistics, a $500 credit from a selection of Thnks retailers, and a $2,500 donation will be made in his name to The Grace Foundation, which assists individuals and families in crisis and guidance toward self-sufficiency. The team at Pegasus Logistics will receive $10,000 in Thnks credits for their gratitude program.

    “At First Horizon we’re proud to support the Thnks Gratitude in Business Awards,” said Lucas Doppler, SVP at First Horizon. “We share Thnks’ vision of celebrating those who elevate their workplace, enhance customer experiences, and enrich their communities – by leading with gratitude. “

    To learn more about the Thnks Gratitude in Business Awards sponsored by First Horizon, visit thnks.com.

    ABOUT THNKS
    Established in 2016, Thnks believes making people feel appreciated – not just part of a transaction – is a business-building strategy. Utilized by over 10,000 teams and 120 Fortune 500 companies, Thnks is an on-demand gratitude expression platform for enterprises, SMBs, and individual contributors that converts small acts of gratitude into lasting business relationships that drive loyalty and revenue. The Thnks platform incorporates technology, program analytics and compliance/budget adherence to empower customers with a more economical, intentional, and authentic way to make people feel appreciated. To date, millions of Thnks have been sent – proving small acts of gratitude generate outsized business impact.

    ABOUT FIRST HORIZON
    First Horizon Corp. (NYSE: FHN), with $82.2 billion in assets as of June 30, 2024, is a leading regional financial services company, dedicated to helping our clients, communities, and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation’s best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.

    ABOUT PEGASUS LOGISTICS GROUP
    Pegasus Logistics Group is a global leader in transportation and logistics, specializing in both international and domestic shipments of consequence. With a client-centric approach and a flexible global network of partners, we deliver a highly managed transportation model that adapts to the unique challenges of each business. Our stakeholder-focused approach ensures that our solutions benefit not just our clients but also our team members, partners, and communities. At Pegasus Logistics Group, we believe that true partnership is defined by flexibility, collaboration, and a commitment to improving business processes as we grow together.

    FOR MORE INFORMATION, PRESS ONLY:
    Kaileigh Higgins
    thnks@inkhouse.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2d0bcf29-0a44-40ba-92d5-2b6dadd89c15

    The MIL Network

  • MIL-OSI Economics: Dispute panel established to review certain tax credits under US Inflation Reduction Act

    Source: World Trade Organization

    DS623: United States — Certain Tax Credits Under the Inflation Reduction Act

    China submitted its second request to establish a panel to determine whether certain tax credits under the United States Inflation Reduction Act (IRA) are in line with WTO rules. The United States said it was not in a position to agree to China’s first request in July, justifying its actions as necessary to combat climate change. China stated that the IRA’s subsidies favour US goods over imports, violating WTO rules prohibiting such discrimination.

    The United States expressed disappointment over China’s decision to pursue a panel request and reiterated that the IRA is its most significant step toward clean energy, aimed at ensuring secure and sustainable supply chains for a global clean energy future.

    The DSB agreed to the establishment of the panel. Argentina, Australia, Brazil, Canada, Colombia, the European Union, Indonesia, Israel, Japan, Korea, Norway, the Russian Federation, Singapore, Switzerland, Thailand, Türkiye, the United Kingdom and Venezuela reserved their third party rights to participate in the panel proceedings.

    DS597: United States – Origin Marking Requirement (Hong Kong, China)

    For the 12th time, the United States raised the matter of the panel ruling in DS597 at a DSB meeting. The US said it was raising the matter again as a result of recent developments in Hong Kong, China regarding free speech and human rights. The US referred back to its previous statements regarding its position on essential security and its reasons for placing this item on the DSB agenda.

    Hong Kong, China criticized the US for once again raising this matter at the DSB. It referred to previous WTO panels that dismissed US claims that invoking national security in defense of a trade-restrictive measure is entirely self-judging.  Any objections should be heard by the WTO’s Appellate Body, which remains blocked due to the US refusal to allow appointment of new Appellate Body members, said Hong Kong, China.

    China reiterated its firm belief that a restored appeal mechanism is the proper place to address claims of panel error made by the US and rejected in the strongest terms what it said was US interference in the internal affairs of another WTO member.

    Appellate Body appointments

    Speaking on behalf of 130 members, Colombia introduced for the 79th time the group’s proposal to start the selection processes for filling vacancies on the Appellate Body. The extensive number of members submitting the proposal reflects a common interest in the functioning of the Appellate Body and, more generally, in the functioning of the WTO’s dispute settlement system, Colombia said.

    The United States repeated that it does not support the proposed decision to commence the appointment of Appellate Body members as its longstanding concerns with WTO dispute settlement remain unaddressed.

    Twenty members then took the floor to comment. Many of these members referred to their previous statements made on this matter at earlier DSB meetings and underlined the urgent need to meet the mandates set out at the 12th and 13th Ministerial Conferences in 2022 and early 2024 respectively to conduct discussions with the view to having a fully and well-functioning dispute settlement system accessible to all members by 2024.

    Several members welcomed the progress being made in the formal dispute settlement reform process now underway and the need to accelerate discussions to achieve the 2024 goal.

    Colombia, speaking on behalf of the 130 members, said it regretted that for the 79th occasion members have not been able to launch the selection processes. Ongoing conversations about reform of the dispute settlement system should not prevent the Appellate Body from continuing to operate fully, and members shall comply with their obligation under the DSU to fill the vacancies as they arise, Colombia said for the group.

    The DSB chair, Ambassador Saqer Abdullah Almoqbel (Saudi Arabia), concluded by expressing his full support for the facilitator in the dispute settlement reform discussions, Ambassador Usha Dwarka-Canabady of Mauritius, in her efforts towards achieving a positive outcome within the mandated time frame.

    Other business

    Surveillance of implementation

    The United States presented status reports with regard to DS184, “US — Anti-Dumping Measures on Certain Hot-Rolled Steel Products from Japan”,  DS160, “United States — Section 110(5) of US Copyright Act”, DS464, “United States — Anti-Dumping and Countervailing Measures on Large Residential Washers from Korea”, and DS471, “United States — Certain Methodologies and their Application to Anti-Dumping Proceedings Involving China.”

    The European Union presented a status report with regard to DS291, “EC — Measures Affecting the Approval and Marketing of Biotech Products.”

    Indonesia presented its status reports in DS477 and DS478, “Indonesia — Importation of Horticultural Products, Animals and Animal Products.” 

    Next meeting

    The next regular DSB meeting will take place on 28 October.

    Share

    MIL OSI Economics

  • MIL-OSI USA: Warren, Khanna, Lawmakers Urge Biden Administration to Develop Strong Guardrails for Carbon Sequestration Tax Credit

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    September 23, 2024
    “The absence of robust requirements has severely hindered the effectiveness of 45Q.”
    Text of Letter (PDF)
    Washington, D.C. – U.S. Senators Elizabeth Warren (D-Mass.) and Angus King (I-Maine), along with Representatives Ro Khanna (D-Calif.), Alma Adams (D-N.C.), Pramila Jayapal (D-Wash.), and Jan Schakowsky (D-Ill.), wrote to the U.S. Department of the Treasury (Treasury), the Internal Revenue Service (IRS), and the U.S. Environmental Protection Agency (EPA), urging the agencies to develop strong guardrails for the 45Q tax credit, which is designed to encourage carbon capture and sequestration (CCS) projects. 
    The 45Q credit was initially designed to incentivize investment in CCS and emission reductions. However, the credit has been primarily used to “increase oil production from aging wells, canceling out most of the emissions reduction benefit.” In 2022, Congress expanded the tax credit through the Inflation Reduction Act (IRA), allowing more companies to claim the credit and receive more money per ton of carbon captured. The IRS is expected to release updated guidelines about the tax credit later this year, and the Department of Treasury has estimated that the 45Q tax credit could cost taxpayers up to $30.3 billion over the next ten years.
    In 2020, the Treasury Inspector General for Tax Administration (TIGTA) found that between 2010 and 2019, 87% of tax credit claims, worth almost $900 million dollars, were awarded to taxpayers who did not meet the EPA’s verification requirements. Currently, IRS examiners are not required to coordinate with EPA personnel to confirm the amount of carbon sequestered by companies claiming the credit, even allowing self-certification in some instances.  
    The lawmakers make three recommendations for the tax credit to be effective. First, the IRS should require independent, third-party verification of carbon sequestration. Second, the IRS and the EPA must coordinate effectively through a memorandum of understanding to more effectively share basic data about the credit’s implementation. Third, the IRS should require stricter record-keeping requirements and establish a 12-year recapture period, during which every company receiving the tax credit needs to maintain detailed records of their carbon sequestration amounts. 
    The following organizations endorsed the letter: Taxpayers for Common Sense, Evergreen Action, the Vessel Project, Port Arthur Community Action Network, Better Bayou, Healthy Gulf, Eco-Justice Collaborative, Science Roundtable on Carbon Capture and Storage, Food and Water Watch, Ohio River Valley Institute, Better Path Coalition, No False Solutions PA, Save Our Illinois Land, Physicians for Social Responsibility Pennsylvania, Mid-Ohio Valley Climate Action, Center for Coalfield Justice, Watchdogs of Beaver County, Clean Air Council and Environmental Health Project. 
    “We need an end to weak oversight and poor safeguards that could allow some of the richest companies in the world to take public money without delivering the real, measurable climate benefits the policy intended. The IRS must act decisively to ensure this tax credit is used only as a genuine tool for carbon reduction by implementing robust, enforceable guardrails. This is the administration’s chance to stop subsidizing climate pollution and ensure the credit has real oversight,” said Craig Segall, Senior Vice President, Evergreen Action.
     “Senator Warren, Representative Khanna, and their Congressional colleagues are asking for what every taxpayer deserves – guardrails and transparency measures that ensure the 45Q tax credit is being used appropriately and effectively to reduce greenhouse gas emissions,” said Autumn Hanna, Vice President of Taxpayers for Common Sense. “To date the vast majority of the carbon capture tax credit has gone to companies pumping carbon into wells to get more oil. But the country can’t afford to give more unchecked subsidies to the oil and gas industry. With an estimated cost of more than $30 billion by 2033, we must take strong steps to avoid any chance of fraud or abuse.”
    The lawmakers requested a briefing from the three agencies by October 4, 2024. 
    Senator Warren has long worked to protect taxpayer money and ensure strong implementation of climate policy: 
    In June 2024, Senator Elizabeth Warren and Representative Sean Casten (D-Ill.) led a letter to the Federal Reserve Board (Fed), Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC), urging regulators to stop their obstruction of global financial regulators’ work to tackle climate-related financial risks. The lawmakers also called out the weaknesses revealed by the Fed’s 2023 “pilot scenario analysis” exploring six major banks’ resilience to climate-related financial risks.
    In May 2024, Senator Elizabeth Warren and Congressman Robert Garcia (D-Calif.) reintroduced the BUILD GREEN Infrastructure and Jobs Act, which would authorize the U.S. Department of Transportation to distribute $500 billion over ten years to electrify and modernize public vehicles and rail and build new electric transportation infrastructure across the country. The bill would also create 1 million new jobs, save $100 billion annually in health damages, and prevent 4,200 deaths per year from air pollution.
    In April 2024, Senator Elizabeth Warren and Representatives Sean Casten (D-Ill.) and Veronica Escobar (D-Texas), urged the Federal Acquisition Regulation (FAR) Council, composed of the Department of Defense (DoD), General Services Administration (GSA), and the National Aeronautics and Space Administration (NASA), to finalize the Federal Supplier Climate Risks and Resilience Rule as quickly as possible.
    In March 2024, Senator Elizabeth Warren (D-Mass.), released a statement describing the Securities and Exchange Commission’s (SEC) finalized climate risk disclosure rule as “the bare minimum.”
    In September 2023, Senators Elizabeth Warren, Bernie Sanders (I-Vt.), Martin Heinrich (D-N.M.), Ed Markey (D-Mass.), Sheldon Whitehouse (D-R.I.), and Jeff Merkley (D-Ore.) called on the Treasury Department to take key actions pertaining to climate and climate-related financial risk to avert the impending environmental and economic crises.
    In September 2023, at a hearing of the Senate Banking, Housing, and Urban Affairs Committee, Senator Elizabeth Warren urged Chair Gensler to quickly finalize a strong climate risk disclosure rule, reminding him that he has a mandate to protect investors and strong public support.
    In March 2023, Senators Elizabeth Warren, Sheldon Whitehouse (D-R.I.), and Representatives Dan Goldman (D-N.Y.) and Jamie Raskin (D-M.D.) and 47 of their colleagues sent a letter to SEC Chair Gary Gensler, urging him to protect investors and finalize a strong climate disclosure rule without further delay.
    In September 2022, at a hearing of the Senate Banking, Housing, and Urban Affairs Committee, Senator Elizabeth Warren called on SEC Chair Gary Gensler to protect investors and stand up to fossil fuel lobbying by issuing a strong climate risk disclosure rule quickly.
    In June 2022, Senator Elizabeth Warren led a comment letter with Senators Sheldon Whitehouse (D-R.I.) and Brian Schatz (D-Hawaii) on the SEC’s mandatory climate disclosure rule, highlighting several areas for improvement and key elements that the SEC should preserve in its final rule, including strong Scope 3 emissions disclosure requirements.
    In March 2022, Senator Elizabeth Warren led a letter with Senators Sheldon Whitehouse (D-R.I.) and Brian Schatz (D-Hawaii) urging the SEC to require disclosure of anti-climate lobbying activities in the Commission’s rule.
    In May 2021, Senator Elizabeth Warren and then-Congressman Andy Levin (D-Mich.) introduced the Buy Green Act to use the enormous breadth of U.S. federal procurement to help fight the climate crisis, spur innovation, and boost demand for American-made clean energy products at home and in the rapidly-growing markets for green products abroad.
    In May 2021, Senator Elizabeth Warren and then-Congressman Andy Levin (D-Mich.) introduced the National Institutes of Clean Energy Act of 2021, legislation that would invest $400 billion over the next ten years to establish and operate a new system of institutes at the Department of Energy dedicated to research and development (R&D) of advanced clean energy technologies.
    In April 2021, Senator Elizabeth Warren and Representative Sean Casten (D-Ill.) reintroduced the Climate Risk Disclosure Act of 2021 which would reduce the chances of environmental and financial catastrophe by requiring public companies to disclose more information about their exposure to climate-related risks.
    In March 2021, Senator Elizabeth Warren unveiled the BUILD GREEN Infrastructure and Jobs Act which would invest $500 billion over ten years in state, local, and tribal projects to jumpstart the transition to all electric public vehicles and rail and help modernize the nation’s crumbling infrastructure. 

    MIL OSI USA News

  • MIL-OSI: Red Cat Holdings Reports Financial Results for Fiscal First Quarter 2025 and Provides Corporate Update

    Source: GlobeNewswire (MIL-OSI)

    SAN JUAN, Puerto Rico, Sept. 23, 2024 (GLOBE NEWSWIRE) —  Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat” or “Company”), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, reports its financial results for the fiscal first quarter ended July 31, 2024 and provides a corporate update.

    Recent Operational Highlights:

    • Presented drone solutions to high-level officials, at multiple Defense Conferences, including the U.S Marine Corps (Modern Day Marine), domestic and international Special Operations Forces (SOF Week), and European Union and NATO forces at Eurosatory 2024 in Paris, France.
    • Announced development of a new Family of Small ISR and Precision Strike Systems at Eurosatory 2024.
    • Recently closed FlightWave asset purchase agreement.
    • Launched Robotics and Autonomous Systems Industry Consortium called Red Cat Futures Initiative.

    First Quarter 2025 Financial Highlights:

    • Quarterly revenue of $2.8 million, representing 59% year-over-year growth.
    • Ended the quarter with cash of $7.7 million.
    • Guidance of $50-$55 million for calendar year 2025 exclusive of government or NATO programs of record.
    • Record backlog of $13 million.

    “Red Cat continues to see significant global demand and year-over-year growth with a strong pipeline and backlog,” said Jeff Thompson, Red Cat Chairman and Chief Executive Officer. “This is being driven by strong domestic and international adoption and sales across our entire Family of Systems, which now includes the Edge 130 Blue. Our guidance for the upcoming 2025 calendar year of $50 – $55 million will continue our growth trend as we await news around the U.S. Army’s Short-Range Reconnaissance Program of Record and prepare to scale up production capacity.”

    “We are reporting 59% year-over-year growth and $13 million in backlog for the first quarter of fiscal 2025,” stated Leah Lunger, Chief Financial Officer. “Having officially closed the acquisition of FlightWave Aerospace System, we look forward to integrating the Edge 130 Blue into our Family of Systems, which will open new revenue streams and partnership opportunities with companies in our Futures Initiative. We also have significant market potential for NDAA compliant FPV precision strike drones within our innovation roadmap.”

    Conference Call Today

    CEO Jeff Thompson and CFO Leah Lunger will host an earnings conference call at 4:30 p.m. ET on Tuesday, September 23, 2024 to review financial results and provide an update on corporate developments. Following management’s formal remarks, there will be a question-and-answer session.

    Interested parties can listen to the conference call by dialing 1-844-413-3977 (within the U.S.) or 1-412-317-1803 (international). Callers should dial in approximately ten minutes prior to the start time and ask to be connected to the Red Cat conference call. Participants can also pre-register for the call using the following link: https://dpregister.com/sreg/10192508/fd6e5cff60

    The conference call will also be available through a live webcast that can be accessed at:
    https://event.choruscall.com/mediaframe/webcast.html?webcastid=TD6F4UVA

    A replay of the webcast will be available until December 22, 2024 and can be accessed through the above link or at www.redcatholdings.com. A telephonic replay will be available until October 7, 2024 by calling 1-877-344-7529 (domestic) or 1-412-317-0088 (international) and using access code 2058195.

    About Red Cat, Inc.
    Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a bleeding-edge Family of ISR and Precision Strike Systems including the Teal 2, a small unmanned system offering the highest-resolution thermal imaging in its class, the Edge 130 Blue Tricopter for extended endurance and range, and FANG™, the industry’s first line of NDAA compliant FPV drones optimized for military operations with precision strike capabilities.  Learn more at www.redcat.red.

    Forward Looking Statements
    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Form 10-K filed with the Securities and Exchange Commission on July 27, 2023. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.

    Contact:

    INVESTORS:
    E-mail: Investors@redcat.red

    NEWS MEDIA:
    Phone: (347) 880-2895
    Email: peter@indicatemedia.com

    RED CAT HOLDINGS
    Condensed Consolidated Balance Sheets
           
        July 31,     April 30,
        2024       2024  
    ASSETS          
               
    Cash and marketable securities $ 7,732,763     $ 6,067,169  
    Accounts receivable, net   681,775       4,361,090  
    Inventory, including deposits   10,667,676       8,610,125  
    Intangible assets including goodwill, net   12,612,560       12,882,939  
    Other   6,260,457       7,473,789  
    Equity method investee         5,142,500  
    Note receivable         4,000,000  
               
    TOTAL ASSETS $ 37,955,231     $ 48,537,612  
               
    LIABILITIES AND STOCKHOLDERS’ EQUITY          
               
    Accounts payable and accrued expenses $ 3,428,538     $ 2,703,922  
    Debt obligations   599,570       751,570  
    Operating lease liabilities   1,471,589       1,517,590  
    Total liabilities   5,499,697       4,973,082  
               
    Stockholders’ capital   126,002,642       124,690,641  
    Accumulated deficit/comprehensive loss   (93,547,108 )     (81,126,111 )
    Total stockholders’ equity   32,455,534       43,564,530  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 37,955,231     $ 48,537,612  
               
    Condensed Consolidated Statements of Operations      
                     
        Three months ended      
        July 31,       
        2024     2023  
      Revenues $ 2,776,535     $ 1,748,129  
                     
      Cost of goods sold   3,259,926       1,573,464  
                     
      Gross (loss) profit   (483,391 )     174,665  
                     
      Operating Expenses              
      Research and development   1,626,440       1,353,551  
      Sales and marketing   2,041,511       1,288,760  
      General and administrative   3,483,095       2,863,758  
      Impairment loss   93,050        
      Total operating expenses   7,244,096       5,506,069  
      Operating loss   (7,727,487 )     (5,331,404 )
                     
      Other expense   4,688,889       262,891  
                     
      Net loss from continuing operations (12,416,376 )     (5,594,295 )
                     
      Loss from discontinued operations         (242,573 )
      Net loss $ (12,416,376 )   $ (5,836,868 )
                     
      Loss per share – basic and diluted $ (0.17 )   $ (0.11 )
                     
      Weighted average shares outstanding – basic and diluted   74,500,480       54,935,339  
                     
    Condensed Consolidated Statements of Cash Flows
         
          Three months ended July 31,  
          2024       2023  
    Cash Flows from Operating Activities                
    Net loss from continuing operations   $ (12,416,376 )   $ (5,594,295 )
    Non-cash expenses     6,755,639       1,522,611  
    Changes in operating assets and liabilities     3,312,325       (2,854,385 )
    Net cash used in operating activities     (2,348,412 )     (6,926,069 )
                     
    Cash Flows from Investing Activities                
    Proceeds from sale of equity method investment and note receivable     4,400,000        
    Proceeds from sale of marketable securities           4,888,399  
    Other     (99,957 )     (5,054 )
    Net cash provided by investing activities     4,300,043       4,883,345  
                     
    Cash Flows from Financing Activities                
    Payments of debt obligations, net     (152,000 )     (137,989 )
    Payments related to employee equity transactions     (134,037 )     (8,520 )
    Net cash used in financing activities     (286,037 )     (146,509 )
                     
    Net cash used in discontinued operations           (118,295 )
                     
    Net increase (decrease) in Cash     1,665,594       (2,307,528 )
    Cash, beginning of period     6,067,169       3,260,305  
    Cash, end of period     7,732,763       952,777  
    Less: Cash of discontinued operations           (15,021 )
    Cash of continuing operations, end of period     7,732,763       937,756  
    Marketable securities           7,922,392  
    Cash of continuing operations and marketable securities   $ 7,732,763     $ 8,860,148  
                     

    The MIL Network

  • MIL-OSI: Ellomay Capital Announces Execution of An Agreement for the Sale of Tax Credits of Texas Solar Projects

    Source: GlobeNewswire (MIL-OSI)

    Tel-Aviv, Israel, Sept. 23, 2024 (GLOBE NEWSWIRE) —  Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, Israel and the USA, today announced a key achievement in its U.S. strategic growth plan. The Company has successfully entered into an agreement for the sale and transfer of Investment Tax Credits (ITCs) linked to its Fairfield (13.4 MW), Malakoff (13.92 MW), Mexia (11.1 MW), and Talco (10.5 MW) solar projects, all located in the State of Texas, USA. The agreement was executed with a reputable financial institution, with vast experience in executing tax credit transactions.

    Through this transaction, the Company expects to receive approximately $19 million from the sale of Investment Tax Credits, representing approximately 32% of the expected total portfolio costs. The sale is facilitated under the Inflation Reduction Act’s new transferability provisions, allowing Ellomay to retain 100% of the operating profits from these projects. Funds from the sale of the ITCs generated from a project will be disbursed after such project is placed in service and meets the applicable requirements. The Company expects the Fairfield and Malakoff projects to be placed in service by the end of Q4 2024, and the Mexia and Talco projects to be placed in service by the end of Q2 2025. The agreement includes customary indemnification obligations (for damages not covered by tax insurance policy), including in connection with certain continued eligibility requirements and scope of the ITCs, for which the Company provided a guarantee to the purchaser of the ITCs.

    Ran Fridrich, CEO and a board member of Ellomay, said “The agreement to sell the Investment Tax Credits to an institutional buyer represents a major milestone in the development of Ellomay’s solar portfolio in Texas and underscores the Company’s commitment to expanding its renewable energy presence in the U.S. The Company sees great importance in its ability to sell the ITCs while maintaining the benefits of accelerated depreciation in the Company. The Company believes that additional projects in the pipeline will be able to follow a similar strategy.”

    About Ellomay Capital Ltd.

    Ellomay is an Israeli based company whose shares are listed on the NYSE American and the Tel Aviv Stock Exchange under the trading symbol “ELLO”. Since 2009, Ellomay Capital focuses its business in the renewable energy and power sectors in Europe, USA and Israel.

    To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, including:

    • Approximately 335.9 MW of operating photovoltaic power plants in Spain (including a 300 MW photovoltaic plant in owned by Talasol, which is 51% owned by the Company) and approximately 20 MW of operating photovoltaic power plants in Italy;
    • 9.375% indirect interest in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants with production capacity of approximately 850MW, representing about 6%-8% of Israel’s total current electricity consumption;
    • Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V., project companies operating anaerobic digestion plants in the Netherlands, with a green gas production capacity of approximately 3 million, 3.8 million and 9.5 million Nm3 per year, respectively;
    • 83.333% of Ellomay Pumped Storage (2014) Ltd., which is involved in a project to construct a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel;
    • Ellomay Solar Italy Ten SRL that is construction a photovoltaic plant (18 MW) in Italy;
    • Ellomay Solar Italy Four SRL (15.06 MW), Ellomay Solar Italy Five SRL (87.2 MW), Ellomay Solar Italy Seven SRL (54.77 MW), Ellomay Solar Italy Nine SRL (8 MW) and Ellomay Solar Italy Fifteen SRL (10 MW) that are developing photovoltaic projects in Italy that have reached “ready to build” status; and
    • Fairfield Solar Project, LLC (13.44 MW), Malakoff Solar I, LLC (6.96 MW) and Malakoff Solar II, LLC (6.96 MW), that are constructing photovoltaic plants and Mexia Solar I, LLC (5.6 MW), Mexia Solar II, LLC (5.6 MW), and Talco Solar, LLC (10.3 MW), that are developing photovoltaic projects that have reached “ready to build” status, all in the Dallas Metropolitan area, Texas.

    For more information about Ellomay, visit http://www.ellomay.com.

    Information Relating to Forward-Looking Statements

    This press release contains forward-looking statements that involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of the Company’s management. All statements, other than statements of historical facts, included in this press release regarding the Company’s plans and objectives, expectations and assumptions of management are forward-looking statements. The use of certain words, including the words “estimate,” “project,” “intend,” “expect,” “believe” and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the Company’s forward-looking statements. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by the Company’s forward-looking statements, including the delays or failure in placing into service of any or all of the Texas solar facilities, failure to meet the continued eligibility requirements for the ITCs, changes in the markets and economy, changes in electricity prices and demand, continued war and hostilities in Israel and Gaza, regulatory changes, including extension of current or approval of new rules and regulations increasing the operating expenses of manufacturers of renewable energy in Spain, increases in interest rates and inflation, changes in the supply and prices of resources required for the operation of the Company’s facilities (such as waste and natural gas) and in the price of oil, the impact of continued military conflict between Russia and Ukraine, technical and other disruptions in the operations or construction of the power plants owned by the Company and general market, political and economic conditions in the countries in which the Company operates, including Israel, Spain, Italy and the United States. These and other risks and uncertainties associated with the Company’s business are described in greater detail in the filings the Company makes from time to time with Securities and Exchange Commission, including its Annual Report on Form 20-F. The forward-looking statements are made as of this date and the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Kalia Rubenbach (Weintraub)
    CFO
    Tel: +972 (3) 797-1111
    Email: hilai@ellomay.com

    The MIL Network

  • MIL-OSI USA: Manchin’s Inflation Reduction Act To Help Restart Dormant Nuclear Plants, Power American Innovation

    US Senate News:

    Source: United States Senator for West Virginia Joe Manchin
    September 23, 2024
    Charleston, WV – Last week, Senator Joe Manchin (I-WV), Chairman of the Senate Committee on Energy and Natural Resources, applauded a tentative deal between Constellation Energy and Microsoft to reopen a Three Mile Island nuclear unit that was shuttered five years ago for economic reasons near Harrisburg, Pennsylvania. The deal is driven by the signing of a 20-year power purchase agreement between the companies, and the facility would be eligible for the Clean Energy Tax Credits included in Chairman Manchin’s Inflation Reduction Act. Today’s announcement follows the U.S. Department of Energy announcing in March a conditional commitment of up to $1.52 billion for a loan guarantee, also under the Inflation Reduction Act, to repower another nuclear power plant, the Holtec Palisades facility in Covert Township, Michigan.
    “To ensure our nation’s power grid can handle the increasing energy demands of AI and manufacturing, we must utilize all our available resources, including nuclear power,” said Chairman Manchin. “I am glad to see Constellation and Microsoft working to restart the Three Mile Island facility and bring much needed reliable, 24/7, clean energy onto the grid to protect our energy security. Already, the Inflation Reduction Act is helping to repower two nuclear power plants that our grid clearly needs, and I am so proud to see energy and manufacturing projects around the country using this law as we intended to strengthen the energy security and manufacturing base of our country.”
    To read more about the benefits of the Inflation Reduction Act, click here.

    MIL OSI USA News

  • MIL-OSI USA: Wyden Backs Legislation to Empower Tenants’ Right to Organize

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)
    September 23, 2024
    Washington, D.C. – U.S. Senator Ron Wyden said today he has joined in introducing a crucial bill that would empower tenants to organize, participate in, and operate tenant organizations without fear of retaliation or interference in Oregon and nationwide. 
    The Tenants’ Right to Organize Act, led by Senator John Fetterman, D-Pa., would amend the United States Housing Act of 1937 to support the formation of tenant organizations and provide additional funding to ensure tenants have a stronger voice in advocating for their rights and addressing their living conditions.
    “People shouldn’t be punished just for speaking up when they are living in unsanitary conditions or struggling to afford their rent and make ends meet,” Wyden said. “Tenants asking for fair treatment in their own homes should have the right to advocate together, just as workers do. This bill will give tenants the protections to stand up for themselves as our country faces a housing crisis.”
    Only some tenants living in federally supported housing have a legally recognized right to organize without fear of retaliation. This unfair distinction leaves Section 8 Housing Choice Voucher recipients and residents of federally-assisted units in Low-Income Housing Tax Credit properties without the ability to organize and address housing concerns. Empowering the millions of these tenants in rent-restricted units with the ability to organize promotes stronger, more robust communities and can help improve housing outcomes and reduce eviction filings.
    Key elements of the Tenants’ Right to Organize Act are as follows:
    Expanded protections for tenant organizing: The bill guarantees families receiving tenant-based rental assistance the right to establish and participate in legitimate tenant organizations to address issues such as the terms and conditions of their tenancy and other housing and community development activities.
    Preventing retaliation and protecting tenant activities: The bill protects tenants from eviction or harassment in response to their participation in legitimate tenant organizations or exercising their rights.
    Accountability and enforcement for federal funding recipients: The bill requires public housing agencies and owners to recognize legitimate tenant organizations and respond meaningfully to their concerns. It also requires the Department of Housing and Urban Development and the Department of the Treasury to establish enforcement protocols, including complaint-filing processes, investigation of abuses, and regular reporting to Congress to ensure compliance.
    Funding and support for tenant organizations: The bill provides dedicated funding to support tenant organizing and capacity building, ensuring tenants have the resources and training needed to advocate for their rights effectively.
    Along with Wyden, this legislation is cosponsored by Senators Bernie Sanders, I-Vt., Richard Blumenthal, D-Conn., Tina Smith, D-Minn., Chris Murphy, D-Conn., and Elizabeth Warren, D-Mass. The House companion to this legislation was introduced by Representative Delia C. Ramirez, D-Ill. 
    This bill has been endorsed by the National Housing Law Project, Poverty & Race Research Action Council, Mobility Works, National Low-Income Housing Coalition, Tenant Union Representative Network, Housing Equality Center of Pennsylvania, PA Fair Housing of the Capital Region, PA Fair Housing of Greater Pittsburgh, Liberation in a Generation, Policy Link, Center for Popular Democracy Action, PA Stands Up, Housing Action Illinois, and LOFTE Network, including Mass Alliance of HUD Tenants, Tenants Union of Washington State, the George Wiley Center, Greater Newark HUD Tenants Coalition, Arkansas Community Organizations, Greater Syracuse Tenants Network, New York Tenants and Neighbors, AIDS Healthcare Foundation/Housing Is a Human Right (Los Angeles), Metropolitan Tenants Organization (Chicago), United Community Housing Coalition (Detroit), and HOMELine (Minnesota).
    The text of the bill is here.

    MIL OSI USA News

  • MIL-OSI Asia-Pac: Departments of Economic Affairs, Expenditure and Revenue, Ministry of Finance, organised Medical Health Check-up Camp under Safai Mitra Suraksha Shivir Campaign on 20th Sept. 2024

    Source: Government of India

    Departments of Economic Affairs, Expenditure and Revenue, Ministry of Finance, organised Medical Health Check-up Camp under Safai Mitra Suraksha Shivir Campaign on 20th Sept. 2024

    More than 100 Safai Mitra and contractual staff, who had undergone medical blood tests on 17.09.2024, were clinically assessed by doctors based on their lab reports

    Posted On: 23 SEP 2024 4:29PM by PIB Delhi

    Dr. Manoj Govil, Secretary, Department of Expenditure, Ministry of Finance, inaugurated a Medical Health Check-up Camp on 20th September 2024, under Safai Mitra Suraksha Shivir campaign, organised by the Departments of Economic Affairs, Expenditure and Revenue, Ministry of Finance, in North Block. 

      

    Two general physicians from Rural Health Training Centre, Najafgarh, and an ophthalmologist, from Sharp Sight Eye Centre, New Delhi, checked various health parameters at the two camps set up inside the premises of North Block.

     More than 100 Safai Mitras and contractual staff, who had undergone medical blood tests on 17.09.2024, were clinically assessed by doctors based on their lab reports. 

     

    During his address to the Safai Mitra, Dr. Govil informed the Safai Mitra that the Central Government scheme PM-Jan Arogya Yojana (PM-JAY) provides a free-of-cost health cover upto Rs. 5 lakh to underprivileged people. Dr. Govil further directed the organising Departments to provide medicines prescribed by doctors to Safai Mitra on priority basis. 

     

    The one-day camp continued till evening and concluded with a facilitation of the doctors and their assistants for making their services available for the camp. As a token of appreciation, the Additional Secretary (Personnel) also presented certificates and bouquets for their invaluable service.

     

    ****

    NB/KMN

    (Release ID: 2057889) Visitor Counter : 44

    MIL OSI Asia Pacific News

  • MIL-OSI: Virtune AB (Publ) announces its expansion into the Netherlands through the listing of Virtune Staked Solana ETP on Euronext Amsterdam

    Source: GlobeNewswire (MIL-OSI)

    Amsterdam, 23rd of September 2024 — Virtune, a Swedish regulated digital asset manager and issuer of crypto Exchange Traded Products (ETPs) based in Stockholm, Sweden, announces its expansion into the Netherlands through the listing of its Virtune Staked Solana ETP on Euronext Amsterdam.

    With strong traction and consistent inflows in the Nordic regions driven by increasing interest and crypto adoption, expanding into the Netherlands is a strategic milestone for Virtune. Virtune has since its inception in May 2023 been growing rapidly in the Nordics where it has listed a total of 12 products and reached more than 31 000 investors in its products in just about one year.

    The key success factors have been an educational focus, a transparent market approach and through its regulated status. This move not only addresses growing investor enthusiasm but also enhances our market presence across Europe.

    Christopher Kock, CEO of Virtune, stated:

    “We are thrilled to expand into the Netherlands with the introduction of our Staked Solana ETP to the Dutch investor community after its successful launch in the Nordic markets. Since our inception in May 2023, we have worked tirelessly to drive crypto adoption through educational efforts in the Nordics and we are excited to extend these efforts to the Dutch financial market. This ETP provides investors with enhanced exposure to Solana, one of the leading and most influential blockchains globally, while also offering additional returns through included staking.”

    About Virtune Staked Solana ETP
    Virtune Staked Solana ETP provides exposure to Solana combined with the benefits of staking. With staking incorporated, the ETP offers an additional annual return of approximately 3% on the investment made in the ETP, while at the same time offering an attractive annual fee of 0.95%.

    Like all of Virtune’s ETPs, Virtune Staked Solana ETP is 100% physically backed and fully collateralized, is denominated in EUR for the Dutch audience and is available on brokerage platforms like Degiro. Virtune uses Coinbase as the crypto custodian where the underlying SOL tokens are being stored with highest institutional grade security in cold-storage. The underlying SOL tokens are being staked directly from cold-storage and the staking rewards are being reflected in the daily price of the ETP.

    Key Product Information:

    Exposure to Solana with approximately 3% annual return through staking
    100% physically backed by SOL
    0.95% annual management fee
    Non-custodial staking

    Virtune Staked Solana ETP:

    Trading Currency: EUR
    First Day of Trading: Tuesday, 17th of September 2024
    Euronext Exchange Ticker: VRTS
    Bloomberg Ticker: VIRSOL
    ISIN: SE0021309754
    Exchanges: Euronext Amsterdam, Euronext Paris, Nasdaq Stockholm

    About Virtune AB (Publ)
    Virtune is a registered financial institution with the Swedish Financial Supervisory Authority (FSA) for trading and managing digital assets and has an approved EU Base Prospectus, renewed with the Swedish FSA on April 5, 2024 which has enabled Virtune’s strategy of listing ETPs on regulated European exchanges. Virtune’s mission is to provide seamless access to crypto assets for both institutional and retail investors through innovative ETPs, transparency, and education.

    Virtune has a wide offering of crypto ETPs that includes Virtune Bitcoin ETP, Virtune Staked Ethereum ETP, Virtune Staked Solana ETP, Virtune Crypto Top 10 Index ETP, Virtune XRP ETP, Virtune Chainlink ETP, Virtune Avalanche ETP, Virtune Staked Polkadot ETP, Virtune Staked Polygon ETP, Virtune Arbitrum ETP and Virtune Staked Cardano ETP.

    About Solana
    Solana is a high-performance blockchain platform designed to offer fast and scalable decentralized application operations and cryptocurrency transactions. By using a unique consensus mechanism known as Proof of History (PoH) along with Proof of Stake (PoS), Solana can handle thousands of transactions per second with low transaction costs, which is a significant improvement over older blockchains like Bitcoin and Ethereum. This combination of technologies not only allows for instant transaction verification but also a significant increase in network throughput without compromising security or decentralization.

    About staking
    Staking enables crypto asset owners to earn passive income by participating in the validation and confirmation of transactions on a blockchain through a process known as Proof of Stake. This mechanism is a fundamental component of Proof of Stake blockchains, like Ethereum and Solana, and plays a vital role in ensuring the security and authenticity of blockchain transactions. To facilitate a transaction on the blockchain securely and accurately, a validator must stake a certain amount of crypto asset as a guarantee of the transaction’s legitimacy.

    The validator aims to stake as much crypto assets as possible to increase the likelihood of receiving rewards, which are paid out in the same type of crypto asset that was staked. For instance, if you stake Solana, you receive additional SOL tokens as a reward. The annual reward percentage for staking can vary and may range from 0-14% or higher for some blockchains. Most crypto asset holders cannot act as validators themselves, as it requires significant amounts of crypto assets. Therefore, many choose to stake their assets through an established and trusted validator. Virtune includes staking rewards in its products that have ‘staked’ included in their names.

    Flow Traders will act as the market maker for the ETP, ensuring that Dutch investors can access the product easily and efficiently during Euronext market hours.

    Stockholm, 23rd of September 2024

    For further inquiries, please contact:
    Christopher Kock, CEO & Member of the Board of Directors
    Email: hello@virtune.com

    About Virtune AB (Publ)
    Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges.

    With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market.

    Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at www.virtune.com.

    The MIL Network

  • MIL-Evening Report: More Australians are using their superannuation for medical procedures. But that might put their financial health at risk

    Source: The Conversation (Au and NZ) – By Neera Bhatia, Associate Professor in Law, Deakin University

    fizkes/Shutterstock

    A record number of Australians are accessing their superannuation early on compassionate grounds, mainly to fund their own medical procedures – or those of a family member.

    Some 150,000 Australians have used the scheme in the last five years. Nearly 40,000 people had applications approved in 2022-23, compared to just under 30,000 in 2018-19 – an increase of 47%.

    Some people think this flexible use of funds is a good way to ensure people can fund their own medical needs. But more transparency and better oversight is needed.

    What are compassionate grounds?

    Since July 2018, the Australian Tax Office has administered the early release of superannuation – meaning before retirement – under certain circumstances, including compassionate grounds.

    Compassionate grounds for you or your dependant (such as child or spouse) are:

    • medical treatment or transport
    • modifying your home or vehicle to accommodate special needs for a severe disability
    • palliative care for a terminal illness
    • death, funeral or burial expenses
    • preventing foreclosure or forced sale of your home.

    The medical treatment must be for a life-threatening illness or injury, or to alleviate acute or chronic pain, or acute or chronic mental illness.

    The treatment cannot be “readily available” through the public system. Cosmetic procedures are excluded.

    You also have to prove you cannot afford to pay part or all of the expenses without accessing your super, for example, by spending your savings, selling assets or getting a loan.

    People who can access other funding for the expense, such as via the National Disability Insurance Scheme, are ineligible.

    Why are people using this scheme more?

    The ATO has not explained what is driving the surge. General cost-of-living pressures may play a role. People may have fewer savings to draw on for medical procedures.

    But the treatments most commonly being accessed using superannuation – fertility treatments, weight loss surgeries and dental care – point to other systemic issues.

    There have long been issues with IVF and dental care not being readily available or funded in the public health system.

    Weight loss surgeries (including bariatric surgery) can help combat potentially life-threatening conditions such as heart disease. Recent research suggests there has been an overall drop in the number of Australians having bariatric surgeries since 2016. But of those, 95% are performed through the private system.

    Australians are increasingly turning to their super to fund dental care, which is not covered by Medicare.
    Pixabay/Pexels

    While early access to super can provide individuals access to critical treatment, there are issues with how compassionate grounds are defined and regulated.

    Lack of clarity

    As my co-author and I have shown, the vague wording of the Superannuation Industry regulations leaves them worryingly open to interpretation.

    For example, the meaning of “mental disturbance” is not defined.

    You may not meet the criteria of having an acute or life-threatening illness, or acute or chronic pain. But if you can show a certain condition causes you acute mental disturbance, you may qualify to release your superannuation early.

    People accessing their superannuation for IVF use this criterion, for example, by arguing they need to access funds to continue treatment and alleviate the acute mental distress caused by ongoing infertility issues.

    Two registered medical practitioners are each required to submit a report demonstrating the treatment is needed, and one must be a specialist in the field in which the treatment is required. However, the regulations do not specify clearly that the specialist should have relevant qualifications.

    In the IVF example, this means the specialist opinion can be provided by a fertility doctor rather than a mental health expert – and that person may stand to profit if they later also provide treatment.

    A closed-loop system

    Conflict of interest is another major issue.

    There is nothing in the regulations to stop a medical practitioner – such as a dentist – being involved in all steps and then financially benefiting. They could encourage a patient to access superannuation for a treatment, write the specialist report and then also receive payment for the treatment.

    Some clinics promote accessing superannuation as an option to pay for expensive treatments.

    This raises important questions about the independence of the process, as well as professional ethics.

    Medical practitioners making recommendations for early release of superannuation should be doing so on genuinely compassionate grounds. But the potential for exploitation remains an ethical concern, when a practitioner can financially benefit from recommending early access to nest egg funds.

    Transparency around potential conflicts of interest are impossible to ensure without proper oversight.

    What is needed?

    1. Mandatory financial counselling

    The ATO has warned accessing super early is not “free money”, with a spokesperson urging people to get financial advice. But the law should go a step further and make this compulsory. That way people making decisions during an emotionally charged moment can understand any future implications.

    2. Tightening of the criteria

    Greater clarity in the legislation – such as defining “mental disturbance” – would help prevent loopholes being exploited.

    3. Better oversight

    Less health-care industry involvement would promote greater transparency and independence. An independent body of medical practitioners could assess applications rather than practitioners who could financially benefit if applications are approved. This would help alleviate perceived and actual conflicts of interest.

    Accessing superannuation early may be the only option for some people to start a family or access other life-changing medical care. But they should be able to make this decision in a fully informed way, safeguarded from exploitation and aware of the implications for their future.

    Neera Bhatia receives funding from The UK Arts and Humanities Research Council for an unrelated project.

    ref. More Australians are using their superannuation for medical procedures. But that might put their financial health at risk – https://theconversation.com/more-australians-are-using-their-superannuation-for-medical-procedures-but-that-might-put-their-financial-health-at-risk-239588

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI United Kingdom: Residents supported to apply for benefits

    Source: City of York

    A report indicating financial pressures among York residents reveals the level of need facing the council’s welfare benefit resources and how it plans to support those households.

    In July 2024, 2,700 households, including 1,844 children were shown to be in relative poverty.

    A range of local welfare support for residents includes the York Financial Assistance Scheme (YFAS), Council Tax Support and Discretionary Housing Payments as well as a food and fuel voucher scheme.

    A measure of need in the city is the YFAS. In 2023 and 2024, it received 1,223 applications for help and the average award value has risen from £499 in 2022 and 2023 to £635 in 2023 and 2024. This is due to the level of need facing applicants and an increase in the cost of the items provided such as flooring which helps manage energy costs.

    To ensure the council can continue to provide emergency support to the end of the 2024 and 2025 financial year, residents can apply to YFAS once a year.

    Cllr Katie Lomas, Executive member for Finance, Performance and Major Projects, said:

    Far too many people in York are struggling to afford to live. We cannot fix the entire system but we can work to ensure that our resources are directed to those who need them most.

    “While I welcome the extension of the Household Support Fund up until March 2025, we have much to do to support residents with the continued pressures of the high cost of living. We’re writing to eligible residents and urging others to apply for Pension Credit. This could put £100s of extra a month individually in their pockets, totalling an additional £1.3m across York, while also unlocking benefits including automatic payment of the Winter Fuel Payment.

    “It was good to hear from council officers the plans they are making to support those who may just miss out on Pension Credit but still face difficult choices this winter between heating and eating.

    “We’re also continuing our Talk Money campaigns to encourage people to get all they’re entitled to, find out how to reduce costs and get good advice. The next campaign will be from 4 to 15 November when we’ll be encouraging applications for Council Tax Support and Attendance Allowance.”

    Cllr Bob Webb, Executive member with joint responsibility for financial inclusion, said:

    York households and families face more expensive daily lives than ever before. To give them a more secure financial footing, council services have collaborated and adapted to meet the increased needs and challenges facing residents, alongside the council’s own budgetary constraints.

    “In close partnership with voluntary and community organisations, we continue to co-ordinate and make the best use of the resources to effectively support residents.”

    To find out more about what support you could apply for, check which benefits you could be eligible for.

    Read the full report for the Decision Session for Executive Members for Finance, Performance, Major Projects, Human Rights, Equality and Inclusion, Thursday 19 September 2024 at 10.00am.

    MIL OSI United Kingdom

  • MIL-OSI: Virgin Atlantic Turns to FLYR for Ancillary Revenue Management

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Sept. 23, 2024 (GLOBE NEWSWIRE) — FLYR, the technology company that unlocks freedom to innovate for the airline industry, today announced that Virgin Atlantic, Britain’s only Five Star Global Airline, is using FLYR Ancillary Revenue Management to automate and optimize revenue for seating. Virgin Atlantic has been leveraging FLYR for the last 18 months, establishing a dynamic pricing model that responds to a range of variables including route, seat zone, and traveler demand – increasing conversion rates and customer satisfaction.

    A leading airline with customer experience at its core, Virgin Atlantic has been an innovator since its founding in 1984. Back then, Virgin Atlantic was a tiny airline with big aspirations to shake things up – and they have done just that every step of the way. Holding the imagination of the traveling public, Virgin Atlantic is always seeking new ways to elevate and optimize the travel experience for its fleet that serves 30-plus destinations across 4 continents, and more than 5 million annual passengers.

    Realizing that the opportunities to innovate start long before check-in, Virgin Atlantic began searching for a solution to optimize ancillary revenue for seating. With limited data on variably-priced ancillary purchases and a range of aircraft and cabin configurations, Virgin Atlantic needed a flexible, data-driven solution that could optimize seat pricing and availability, while ensuring a seamless and personalized experience for every passenger.

    Virgin Atlantic turned to FLYR to automate and optimize ancillary revenue for seating using deep learning, an advanced form of artificial intelligence. Virgin Atlantic has experienced more than 10 percent uplift in seating revenue with FLYR’s dynamic, AI-based optimization for seats.

    “Providing the best experience possible for our passengers is core to everything we do at Virgin Atlantic,” said Juha Jarvinen, CCO, Virgin Atlantic. “We are ecstatic with the revenue uplift we have seen using FLYR already, in addition to the optimized offerings and experience we continue to provide for our passengers.”

    Insights from FLYR have allowed Virgin Atlantic to better understand the customer seat needs for each route, as well as the interdependencies between seats, ticket prices, and other ancillaries. With FLYR’s comprehensive Ancillary Revenue Management, Virgin Atlantic now has the flexible solution needed to optimize the passenger experience.

    “At the heart of our partnership with FLYR is a shared commitment to innovation and customer satisfaction. We’ve appreciated their forward-thinking, data-driven approach to ancillary revenue management and total offer optimization over the last 18 months. Going from a static pricing system to a dynamic, near-automatic one that is powered by machine learning feels like a leap into the future, and we’re excited to explore what else is possible with FLYR,” said Dominic Kennedy, SVP, Revenue Management, Distribution and Holidays, Virgin Atlantic.

    “Our collaboration with Virgin Atlantic has been immensely rewarding and is a testament to the value that FLYR can unlock,” said Alex Mans, Founder and CEO, FLYR. “Virgin Atlantic has always been intent on innovation, and we’re excited to have helped them gain another competitive edge by offering a dynamic, AI-based pricing strategy for ancillary products and services. We’re thrilled with the results Virgin Atlantic is already experiencing with Ancillary Revenue Management and look forward to continuing to innovate together.”

    About FLYR
    FLYR is a technology company that unlocks freedom to innovate for the travel industry – eliminating legacy constraints to enable real-time decision making and create the experiences travelers seek. Cloud native, FLYR leverages technologies including deep learning, an advanced form of AI. FLYR is helping airlines and hospitality businesses around the globe improve revenue performance, reduce cost, and modernize their e-commerce experience. Learn more at flyr.com.

    About Virgin Atlantic
    Virgin Atlantic was founded by entrepreneur Sir Richard Branson in 1984, with innovation and amazing customer service at its core. In 2023, Virgin Atlantic was voted Britain’s only Global Five Star Airline by APEX for the seventh year running in the Official Airline Ratings. Headquartered in London, it employs 8,500 people worldwide, flying customers to 30 destinations across four continents throughout the year.

    Alongside shareholder and Joint Venture partner Delta Air Lines, Virgin Atlantic operates a leading transatlantic network, with onward connections to over 200 cities around the world. In February 2020, Air France-KLM, Delta Air Lines and Virgin Atlantic launched an expanded Joint Venture, offering a comprehensive route network, convenient flight schedules, competitive fares and reciprocal frequent flyer benefits, including the ability to earn and redeem miles across all carriers. Virgin Atlantic joined SkyTeam in March 2023 as the global airline alliance’s first and only UK member airline, enhancing the alliance’s transatlantic network and services to and from Heathrow and Manchester Airport.

    Virgin Atlantic has been pioneering sustainability leadership for more than 15 years, committing to Net Zero by 2050 and continuous action that reduces environmental impact. The airline operates one of the youngest and most fuel-efficient fleets in the skies, with an average age under seven years. In March 2024, Virgin Atlantic welcomed Wendy Darling, the 11th delivery of 12 A350s, and Ruby Rebel, the 5th of 16 A330-900neos to the fleet, continuing its transformation towards 100% next generation aircraft by 2028. In November 2023, the airline led a consortium to deliver the world’s first flight across the Atlantic on 100% Sustainable Aviation Fuel (SAF), demonstrating that 100% SAF can be used safely as a drop in fuel in existing infrastructure, engines and airframes. The need to scale production is imperative and Virgin Atlantic is committed to radical collaboration across the energy chain to support commercialisation ahead of 2030. For more information visit www.virginatlantic.com or via Facebook, Twitter and Instagram @virginatlantic.

    Media contact:
    Christie Engelbrecht
    media@flyr.com

    The MIL Network

  • MIL-OSI United Kingdom: Views sought on building safety levy proposals

    Source: Scottish Government

    Legislation to raise funds for fixing cladding issues.

    Proposals for a tax on developers, aiming to raise funds to fix building safety issues in Scotland, have been published for public consultation.

    Views are being sought on the proposed Scottish Building Safety Levy, which will be introduced under powers due to be devolved by the UK Government later this year. The consultation will open on 23 September and run for eight weeks, closing on 18 November. 

    The levy would apply to the construction of new residential buildings, mirroring measures being introduced in England through the UK Building Safety Act. Funds raised would support the Scottish Government’s cladding remediation programme.

    Finance Secretary Shona Robison said:

    “We are keen to hear from people across Scotland about our proposals, which would raise funds from developers to help safeguard people living in buildings with unsafe cladding.

    “I know that developers share our determination to keep people safe and have continued to make significant progress. This legislation will build on that momentum, ensuring developers make a fair contribution to address building safety defects in Scotland, just as the UK Government is asking them to do in England. 

    “We are continuing our work in partnership with developers, in line with our New Deal for Business and Framework for Tax, to ensure this levy best contributes to our mission of keeping people safe.”

    Background

    Views sought on building safety levy proposals – gov.scot (www.gov.scot)

    The UK Government agreed in principle to devolve the powers needed for a Scottish Building Safety Levy in April . Powers secured to introduce building safety levy – gov.scot (www.gov.scot)

    Following the recent General Election, the new UK Government has renewed the agreement. The process to devolve powers and the necessary legislative procedures is anticipated to be completed in December 2024.

    An earlier, joint consultation sought views on the devolution proposal, including any evidence to inform consideration of the potential for the new tax to create or incentivise economic distortions and arbitrage within the UK. Consultation on devolving powers for a Scottish Building Safety Levy – GOV.UK (www.gov.uk)

    Details of how the Scottish Building Safety Levy will operate will be developed through consultation and liaison with the UK Government and residential construction sector.

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: Empowering artisans and enhancing India’s position in the global textile industry main focus of Ministry of Textiles in first 100 days of government

    Source: Government of India

    Posted On: 23 SEP 2024 2:34PM by PIB Delhi

    As part of the Government’s transformative vision for the textiles sector, the Ministry of Textiles has focused on strengthening the sector’s contribution to India’s socio-economic progress, empowering artisans, and enhancing India’s position in the global textile industry during the first 100 days of this Government. Below are some of the key highlights:

     

    1. 10th National Handloom Day Celebration

    On August 7, 2024, the Ministry of Textiles celebrated National Handloom Day, raising awareness about the handloom industry’s pivotal role in India’s economy. The Vice-President, Shri Jagdeep Dhankhar conferred 5 Sant Kabir Handloom Awards and 17 National Handloom Awards.

     

    Various activities were organized across the country to promote handlooms, with participation from State Governments, Weaver Service Centres, and various educational and handloom institutions. These included a social media campaign through the My Gov portal, a Special Sourcing Show (B2B) in Varanasi by the Handloom Export Promotion Council, and the “Know Your Weaves” event at the Crafts Museum, which raised awareness among 9,000 Delhi school students.

    Additionally, the Virasat exhibition of handloom products was held at Handloom Haat and Delhi Haat, with expos and awareness activities in colleges. Institutions like NIFT and Indian Institutes of Handloom Technology (IIHTs) also organized thematic displays, weaving demonstrations, panel discussions, quizzes, and fashion presentations.

     

    2. Skilling Programme in 100 Handloom & Handicrafts Clusters

    On July 27, 2024, the Ministry launched the ‘Bunkar and Karigar Utthan Upskilling Programme’ to enhance technical and soft skills among artisans and handloom weavers. So far, 3,600 artisans and weavers have benefited, with certificates and toolkits distributed to improve their craft and market competitiveness. The initiative is aimed at fulfilling the current demand & design needs of the market.

     

    3. ‘Shilp Didi Mahotsav 2024’

    Launched on August 22, 2024, the ‘Shilp Didi Mahotsav 2024’ empowered 100 women artisans known as Shilp Didis from 72 districts across 23 states. Through this fortnight long initiative, women artisans were provided marketing opportunities at Dilli Haat, INA, fostering economic independence and entrepreneurship among women artisans.

     

    4. Textile Gallery Inauguration at Crafts Museum

    On August 8, 2024, the Union Minister of Textiles, Shri Giriraj Singh inaugurated a new Textile Gallery at the Crafts Museum, showcasing India’s rich handloom and handcrafted textile heritage. The gallery features around 28,000 handmade artifacts, with 150 displayed items reflecting the country’s vibrant cultural legacy.

      

     

    5. Eri Sericulture Promotional Project in Gujarat

    In a major boost to sustainable agriculture, the Ministry launched the Eri Sericulture Promotional Project on August 9, 2024, aimed at encouraging 500 castor-growing farmers to adopt Eri culture. This initiative has so far educated 100 farmers and aims to provide an additional income stream for farmers in Gujarat, leveraging the state’s abundant castor plants.

     

     

    6. Startups in Technical Textiles

    On September 6, 2024, the Ministry approved 12 startup proposals under the component for Grant for Research and Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT) initiative under National Technical Textiles Mission. Support up to ₹50 lakhs per startup is provided under the Scheme. These startups focus on innovative fields such as composites, medical textiles, smart textiles, and sustainable textiles, driving job creation and reducing dependency on imports.

     

    7. New Pricing Methodology for Jute Sacking Bags

    In a landmark decision on August 28, 2024, the Government approved a new pricing methodology for jute sacking bags based on Tariff Commission study report, which will provide better pricing to jute mills. This move benefits around 4 lakh jute mill workers and 40 lakh farmer families engaged in jute cultivation, primarily in West Bengal.

    This would facilitate jute mills for investment in the jute industry for modernization and diversification. The decision is aligned with the vision of Aatmanirbhar Bharat by promoting domestic jute production and protecting the environment through the use of biodegradable and renewable jute.

     

    8. VisioNxt Fashion Trend Insight and Forecasting System

    On September 5, 2024, the Ministry launched VisioNxt, a pioneering fashion trend insight and forecasting system using Artificial Intelligence (AI) and Emotional Intelligence (EI). This initiative aims to support weavers, manufacturers, startups, and retailers by providing accurate trend forecasts, thus strengthening India’s position in the global fashion industry.

      

    VisioNxt has developed a comprehensive Web Portal, a bilingual Fashion Trend Book available in both Hindi and English, and a detailed Taxonomy E-book. These tools are designed to be easily accessible and provide valuable insights and trends that can help industry professionals stay ahead in the dynamic world of fashion.

     

    9. Curtain Raiser of Bharat Tex 2025

    On September 4, 2024, the Ministry unveiled the website and brochure for Bharat Tex 2025, a mega global textile event promoting India as a sourcing and investment destination. Over 5,000 exhibitors, 6,000 international buyers from 110 countries, and more than 120,000 visitors are expected to participate, making it one of the largest global textiles shows.

       

    The event aims to build on the tremendous success of its last edition in 2024. Centered around the themes of resilient global value chains and textile sustainability, this year’s show promises to be even more dynamic and engaging. It is expected to attract top policymakers, global CEOs, international exhibitors, and buyers from around the world, making it an even more vibrant and influential platform than the first edition.

     

    10. International Conference on Technical Textiles

    From September 6-7, 2024, the Ministry organized an international conference that brought together industry leaders, researchers, state governments, line Ministries and international stakeholders to discuss the future of technical textiles. This conference aimed at promoting indigenous products and developing new markets for technical textiles in both domestic and export segments.

    The direct engagement and exhibition of products provided valuable insights into the requirements for technical textiles and the availability of indigenous products. Additionally, participating State Governments informed participants about their investment policies and incentive structures. This initiative is expected to stimulate market growth in new application areas and open up new avenues for exports, further enhancing the industry’s development.

    These achievements highlight the Ministry of Textiles’ commitment to revitalizing India’s textile sector, fostering innovation, and improving the livelihoods of artisans and weavers across the country.

    ***

    AD/VN

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Accelerating Health Innovation, Union Health Minister Shri JP Nadda announces successful implementation of 100 Days Initiatives by the Department of Health Research

    Source: Government of India (2)

    Accelerating Health Innovation, Union Health Minister Shri JP Nadda announces successful implementation of 100 Days Initiatives by the Department of Health Research

    India has taken Transformative Steps for Healthcare Innovations, Pandemic Preparedness and Development of Indigenous Medical Technologies on the path to Viksit Bharat 2047: Shri J P Nadda

    Posted On: 23 SEP 2024 1:16PM by PIB Delhi

    In a significant milestone in realizing the Hon’ble Prime Minister’s vision of Viksit Bharat by 2047, Union Health Minister Shri J. P.  Nadda announced the successful implementation of 100 Days Program of Union Health Ministry’s Department of Health Research (DHR). He said “these initiatives represent transformative steps in healthcare innovation, pandemic preparedness, and the development of indigenous medical solutions, contributing to a healthier, more resilient and Atmanirbhar Bharat.”

    The following are some of the key achievements and initiatives undertaken by the Department of Health Research in the last 100 days:

    1. Med-Tech Mitra: It is a joint initiative by Indian Council of Medical Research (ICMR) and Central Drugs Standard Control Organization (CDSCO). Over 250 innovators, start-ups, and industry partners have been engaged through this platform helping them overcome challenges in the process of developing regulation compliant products, their clinical validation, and scaling-up.
    2. National One Health Mission (NOHM) for Pandemic Preparedness: The NOHM is an integrated approach to tackling diseases at the intersection of human, animal, and environmental health. This mission is a crucial step toward building India’s capacity to manage zoonotic diseases and pandemics. This initiative is instrumental in India’s long-term health security by creating a safe and healthy environment for all. Different activities have been undertaken with the ‘one health’ approach under this mission in first 100 days of Government, that are enlisted below:
      1. National Network of BSL-3 Laboratories has been established wherein over 20 labs across different ministries have networked.
      2. Trainings were conducted in National Institute of Virology (NIV) Pune and ICAR-National Institute of High-Security Animal Diseases (NIHSAD), Bhopal.
      3. Strengthening the nation’s preparedness for future pandemics, a mock drill of H5N1 “Vishanu Yudh Abhyas” was successfully conducted with multiple stakeholders from 27th to 31st August in Ajmer District of Rajasthan.
      4. A national joint outbreak response team has been notified by Department of Health and Family Welfare (DoHFW). This will strengthen detection of the emerging hotspots of infections and conduct timely investigation for prevention and control.
      5. Waste water surveillance tools were developed by ICMR and a surveillance model is also built for slaughterhouses.
      6. Avian flu, Kyasanur Forest Disease (KFD) and MPox Vaccines development initiated with engagement of private sector and industry partners. NIPAH monoclonal antibodies are also under development.
      7. Executive and Scientific Steering Committees of the Mission held their meetings reviewing pandemic preparedness of the country and suggesting further course of action.
      8. Indian Council of Medical Research (ICMR) and Department of Biotechnology (DBT) guidelines for establishment & certification of Bio-Safety Level (BSL-3) labs have been consolidated into one national document.

     

    1. Integrated Research and Diagnostic Laboratories (IRDLs): Viral Research and Diagnostic Laboratories (VRDLs) across the country have been taken up for strengthening through funding support. Six of these VRDLs are being converted into Integrated Research and Diagnostic Laboratories (IRDLs) covering larger domain of infectious diseases. Construction of Zonal laboratories of National Institute of Virology (NIV) has also been initiated.
    2. Program for Development of Indigenous Drugs for Rare Diseases: As part of India’s drive towards becoming a global leader in affordable healthcare, DHR is set to launch a program developing 12 indigenous drugs for 8 rare diseases. This initiative will aim to drastically reduce the cost of treatment for conditions like Muscular Dystrophy and Gaucher’s Disease, making life saving therapies accessible and affordable for the masses.
    3. “First in the World” Challenge: Inspired by India’s landmark Chandrayaan-3 mission, the “First in the World” challenge will fund 50 high-risk, high-reward innovations in biomedical research. This initiative epitomizes India’s spirit of innovation and excellence, accelerating its march toward becoming a leader in global healthcare solutions.
    4. Centre for Evidence-Based Guidelines: The Centre for Evidence for Guidelines, ready for inauguration, will help standardize medical practices nationwide, ensuring the highest standards of care. The Centre will be helpful in developing world-class evidence based national health guidelines. It will be supported by Systematic Review centres in different parts of the Country.
    5. Research to Action Vertical: The establishment of the “Research to Action” vertical in DHR will ensure that cutting-edge health research is seamlessly integrated into policy and practice. It will help in converting research findings into actionable policies across different states, leading to tangible improvements in public health.
    6. Research Capacity Building: A total of 93 fellows have been enrolled till now for PhD in Medical research in different ICMR Institutes in the first batch of Faculty of Medical Research (FMR). Further, 63 young medical college faculty members have been provided fellowships for undertaking PhD programme. This is a big step towards strengthening physician scientist base in the country. In addition, 58 women scientists have been provided fellowships for undertaking health research.

    The above initiatives are slated for launch in October 2024 by the Union Health Minister. Dr Rajiv Bahl, Secretary, DHR and DG, ICMR said the efforts and recent achievements demonstrate Government’s commitment to advancing healthcare through innovation and research. He exuded confidence that these steps will play critical role in transforming the nation’s healthcare system and making it future-challenge ready.

    ***

    MV

    HFW/ DHR 100 Days Initiatives /23rd September 2024/1

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: Department of Water Resources, River Development and Ganga Rejuvenation geared up for Special Campaign 4.0 for ensuring cleanliness and reducing pendency in Government offices

    Source: Government of India (2)

    Posted On: 23 SEP 2024 12:03PM by PIB Delhi

    The Special Campaign 4.0 is being undertaken in true spirit by the Department of Water Resources, River Development and Ganga Rejuvenation (DoWR,RD&GR), Mo Jal Shakti. For the Preparatory Phase, Nodal Officer of this Department as well as field organizations have been appointed. All Divisions of this Department and all Subordinate / Attached Offices, PSU, Autonomous Bodies and Authorities under DoWR,RD&GR have been asked to identify the pendency and other indicators pertaining to their office as per the parameters of DARPG’s guidelines.

    During Special Campaign 4.0, besides cleanliness of office buildings and premises, the focus of the Department would be on ensuring cleanliness in areas where the footfall is high and visibility among the masses is more. It would include cleanliness drives in and around various dam sites and river banks as well as river ghats located in various parts of the country.

    While, Department would initiate Implementation Phase of Special Campaign 4.0 on 2nd October, 2024, sincere and dedicated efforts are being made to identify targets and to develop plan for smooth implementation of the campaign by the Department in Preparatory Phase in consultation with all Divisions/field and outstation offices under the administrative control of DoWR,RD&GR.

    Data including pictures, videos are being uploaded on social media sites, highlighting the work done by the Departments and its Organizations across many cities. The best practices under the campaign would be uploaded on the social media platforms.

    The Government of India’s Special Campaign 3.0 was undertaken in Government offices with major focus on cleanliness drive. Under the Special Campaign activities relating to cleanliness, review and simplification of rules and procedures, review of record management system, productive use of space, disposal of waste materials for enhancing work place experience were undertaken.

    The achievement of the Department during Special Campaign 3.0 is as under:-

    Sl. No.

    Parameters

    Achievements

    1

    VIP References

    (Disposed)

    157

    2

    Public Grievance Appeals

    (Received/Disposed)

    180/144

    3

    Public Grievances

    (Received/Disposed)

    2263/2109

    4

    PMO References

    (Received/Disposed)

    177/140

    5

    Physical files Reviewed

    6718

    6

    Physical files Weeded out

    2293

    7

    E-Files Reviewed

    2367

    8

    E-Files Closed

    194

    9

    Cleanliness Campaigns

    126

    10

    Space freed (Sq ft)

    14582 Sq Ft

    11

    Revenue Generated

    11,98,202/-

     

    *****

    VM

    (Release ID: 2057753) Visitor Counter : 15

    MIL OSI Asia Pacific News

  • MIL-OSI Africa: Alleged Namibian drug mule arrested with over 60 ingested cocaine bullets

    Source: South Africa News Agency

    Monday, September 23, 2024

    A 30-year-old female Namibian drug mule was arrested at OR Tambo International Airport on Sunday. 

    The South African Police Services (SAPS), South African Revenue Service (SARS) customs and immigration officials received intelligence from SAPS regarding a drug mule that would land from Sau Paulo at about 07:25. 

    “The team immediately intercepted the drug mule as she was making her way through immigration. She was immediately arrested, taken to a local hospital where a medical x-ray confirmed and detected foreign objects in her stomach,” said the police in a statement.

    According to police the process to release the suspected drugs from her body is underway. 

    “She has already released more than 60 bullets of suspected cocaine thus far. She is currently under police guard and custody.

    “The value of the drugs cannot be determined at this stage as the process to release all suspected drugs from the suspect’s body may take some time,” said the statement.

    This is the tenth drug mule to be arrested at this airport in the past two months.

    National Commissioner of the Police, General Fannie Masemola, applauded the vigilance of the multidisciplinary team who are working tirelessly to clamp down on criminality at the airport.

    “Our men and women in blue are hard at work intercepting hardened criminals. South Africa is not a playground for criminals and transnational organised crime. We are squeezing the space for criminals and leaving nothing to chance,” said Masemola. – SAnews.gov.za

    MIL OSI Africa

  • MIL-OSI USA: Governor Newsom issues legislative update 9.22.24

    Source: US State of California 2

    Sep 22, 2024

    SACRAMENTO – Governor Gavin Newsom today announced that he has signed the following bills:
     

    • AB 262 by Assemblymember Chris R. Holden (D-Pasadena) – Children’s camps: safety and regulation.
    • AB 460 by Assemblymember Rebecca Bauer-Kahan (D-Orinda) – State Water Resources Control Board: water rights and usage: civil penalties.
    • AB 672 by Assemblymember Dr. Corey Jackson (D-Moreno Valley) – Civil Rights Department: community assistance.
    • AB 761 by Assemblymember Laura Friedman (D-Glendale) – Local finance: enhanced infrastructure financing districts.
    • AB 938 by Assemblymember Al Muratsuchi (D-Torrance) – Education finance: classified and certificated staff salaries.
    • AB 1005 by Assemblymember David Alvarez (D-San Diego) – In-home supportive services: terminal illness diagnosis.
    • AB 1038 by Assemblymember Mike Fong (D-Alhambra) – Surplus residential property: City of Pasadena: City of South Pasadena.
    • AB 1042 by Assemblymember Rebecca Bauer-Kahan (D-Orinda) – Pesticide treated seed: labeling.
    • AB 1142 by Assemblymember Mike Fong (D-Alhambra) – Community colleges: costs for using facilities or grounds.
    • AB 1246 by Assemblymember Stephanie Nguyen (D-Elk Grove) – Public employees’ retirement: Public Employees’ Retirement System optional settlements.
    • AB 1472 by Assemblymember David Alvarez (D-San Diego) – City of Imperial Beach: recreational vehicle parks: registration requirements.
    • AB 1511 by Assemblymember Miguel Santiago (D-Los Angeles) – State government: diverse, ethnic, and community media.
    • AB 1533 by the Committee on Utilities and Energy – Electricity.
    • AB 1768 by the Committee on Governmental Organization – Horse racing.
    • AB 1784 by Assemblymember Gail Pellerin (D-Santa Cruz) – Primary elections: candidate withdrawals.
    • AB 1808 by Assemblymember Stephanie Nguyen (D-Elk Grove) – Childcare and development services: eligibility.
    • AB 1819 by Assemblymember Marie Waldron (R-Valley Center) – Enhanced infrastructure financing districts: public capital facilities: wildfires.
    • AB 1820 by Assemblymember Pilar Schiavo (D-Chatsworth) – Housing development projects: applications: fees and exactions.
    • AB 1827 by Assemblymember Diane Papan (D-San Mateo) – Local government: fees and charges: water: higher consumptive water parcels.
    • AB 1828 by Assemblymember Marie Waldron (R-Valley Center) – Personal income taxes: voluntary contributions: Endangered and Rare Fish, Wildlife, and Plant Species Conservation and Enhancement Account: Native California Wildlife Rehabilitation Voluntary Tax Contribution Fund: covered grants.
    • AB 1862 by Assemblymember Phillip Chen (R-Yorba Linda) – Engineering, land surveying, and architecture: limited liability partnerships.
    • AB 1891 by Assemblymember Dr. Akilah Weber (D-San Diego) – Community colleges: allied health programs.
    • AB 1892 by Assemblymember Heath Flora (R-Modesto) – Interception of electronic communications.
    • AB 1901 by Assemblymember Phillip Chen (R-Yorba Linda) – Vehicles: total loss claim: salvage certificate or nonrepairable vehicle certificate.
    • AB 1937 by Assemblymember Marc Berman (D-Menlo Park) – State parks: Pedro Point.
    • AB 1946 by Assemblymember Juan Alanis (R-Modesto) – Horse racing: out-of-state thoroughbred races: Whitney Stakes.
    • AB 1962 by Assemblymember Marc Berman (D-Menlo Park) – Crimes: disorderly conduct.
    • AB 1984 by Assemblymember Dr. Akilah Weber (D-San Diego) – Pupil discipline: transfer reporting.
    • AB 1991 by Assemblymember Mia Bonta (D-Oakland) – Licensee and registrant renewal: National Provider Identifier.
    • AB 2015 by Assemblymember Pilar Schiavo (D-Chatsworth) – Nursing schools and programs: faculty members, directors, and assistant directors.
    • AB 2021 by Assemblymember Rebecca Bauer-Kahan (D-Orinda) – Crimes: selling or furnishing tobacco or related products and paraphernalia to underage persons.
    • AB 2041 by Assemblymember Mia Bonta (D-Oakland) – Political Reform Act of 1974: campaign funds: security expenses.
    • AB 2046 by Assemblymember Isaac Bryan (D-Los Angeles) – Educational programs: single gender schools and classes.
    • AB 2072 by Assemblymember Dr. Akilah Weber (D-San Diego) – Group health care coverage: biomedical industry.
    • AB 2073 by Assemblymember Sharon Quirk-Silva (D-Fullerton) – Physical education courses: alternate term schedules.
    • AB 2081 by Assemblymember Laurie Davies (R-Laguna Niguel) – Substance abuse: recovery and treatment programs.
    • AB 2091 by Assemblymember Tim Grayson (D-Concord) – California Environmental Quality Act: exemption: public access: nonmotorized recreation.
    • AB 2127 by Assemblymember Marc Berman (D-Menlo Park) – Voter registration: California New Motor Voter Program.
    • AB 2130 by Assemblymember Miguel Santiago (D-Los Angeles) – Parking violations.
    • AB 2131 by Assemblymember Avelino Valencia (D-Anaheim) – Certified nurse assistant training programs.
    • AB 2134 by Assemblymember Al Muratsuchi (D-Torrance) – School employees: transfer of leave of absence for illness or injury.
    • AB 2137 by Assemblymember Sharon Quirk-Silva (D-Fullerton) – Homeless and foster youth.
    • AB 2159 by Assemblymember Brian Maienschein (D-San Diego) – Common interest developments: association governance: elections.
    • AB 2166 by Assemblymember Dr. Akilah Weber (D-San Diego) – Barbering and cosmetology: hair types and textures.
    • AB 2176 by Assemblymember Marc Berman (D-Menlo Park) – Juvenile court schools: chronic absenteeism rates.
    • AB 2198 by Assemblymember Heath Flora (R-Modesto) – Health information.
    • AB 2247 by Assemblymember Greg Wallis (R-Palm Springs) – Mobilehome Parks Act: enforcement: notice of violations: Manufactured Housing Opportunity and Revitalization (MORE) Program: annual fee.
    • AB 2276 by Assemblymember Jim Wood (D-Healdsburg) – Forestry: timber harvesting plans: exemptions.
    • AB 2302 by Assemblymember Dawn Addis (D-Morro Bay) – Open meetings: local agencies: teleconferences.
    • AB 2324 by Assemblymember Juan Alanis (R-Modesto) – Avocados: sale or donation by the Secretary of Food and Agriculture.
    • AB 2327 by Assemblymember Wendy Carrillo (D-Los Angeles) – Optometry: mobile optometric offices.
    • AB 2337 by Assemblymember Diane Dixon (R-Newport Beach) – Workers’ compensation: electronic signatures.
    • AB 2359 by Assemblymember Philip Ting (D-San Francisco) – Alcoholic beverage control: neighborhood-restricted special on-sale general licenses.
    • AB 2364 by Assemblymember Luz Rivas (D-Sylmar) – Property service worker protection.
    • AB 2373 by Assemblymember Anthony Rendon (D-Lakewood) – Mobilehomes: tenancies.
    • AB 2387 by Assemblymember Gail Pellerin (D-Santa Cruz) – Mobilehome parks: additional lots: exemption from additional fees or charges.
    • AB 2399 by Assemblymember Anthony Rendon (D-Lakewood) – Mobilehome park residences: rental agreements: Mobilehome Residency Law Protection Program.
    • AB 2434 by Assemblymember Tim Grayson (D-Concord) – Health care coverage: multiple employer welfare arrangements.
    • AB 2453 by Assemblymember Carlos Villapudua (D-Stockton) – Weights and measures: electric vehicle supply equipment.
    • AB 2457 by Assemblymember Kevin McCarty (D-Sacramento) – Sacramento Municipal Utility District: nonstock security.
    • AB 2460 by Assemblymember Tri Ta (R-Westminster) – Common interest developments: association governance: member election.
    • AB 2469 by the Committee on Emergency Management – Emergency Management Assistance Compact: California Wildfire Mitigation Financial Assistance Program.
    • AB 2496 by Assemblymember Gail Pellerin (D-Santa Cruz) – Foster family agencies and noncustodial adoption agencies.
    • AB 2500 by Assemblymember Mike Fong (D-Alhambra) – Student financial aid: application deadlines: postponement.
    • AB 2511 by Assemblymember Marc Berman (D-Menlo Park) – Beverage container recycling: market development payments.
    • AB 2522 by Assemblymember Wendy Carrillo (D-Los Angeles) – Air districts: governing boards: compensation.
    • AB 2543 by Assemblymember Dr. Joaquin Arambula (D-Fresno) – Small Business Procurement and Contract Act: eligibility.
    • AB 2546 by Assemblymember Anthony Rendon (D-Lakewood) – Law enforcement and state agencies: military equipment: funding, acquisition, and use.
    • AB 2561 by Assemblymember Tina McKinnor (D-Inglewood) – Local public employees: vacant positions.
    • AB 2574 by Assemblymember Avelino Valencia (D-Anaheim) – Alcoholism or drug abuse recovery or treatment programs and facilities: disclosures.
    • AB 2599 by the Committee on Environmental Safety and Toxic Materials – Water: public beaches: discontinuation of residential water service.
    • AB 2664 by Assemblymember Isaac Bryan (D-Los Angeles) – Foster youth.
    • AB 2666 by Assemblymember Tasha Boerner (D-Encinitas) – Public utilities: rate of return.
    • AB 2678 by Assemblymember Greg Wallis (R-Palm Springs) – Vehicles: high-occupancy vehicle lanes.
    • AB 2712 by Assemblymember Laura Friedman (D-Glendale) – Preferential parking privileges: transit-oriented development.
    • AB 2817 by Assemblymember Diane Dixon (R-Newport Beach) – State highways: Route 1: relinquishment.
    • AB 2830 by Assemblymember Robert Rivas (D-Salinas) – Foster care: relative placement: approval process.
    • AB 2834 by Assemblymember Anthony Rendon (D-Lakewood) – Public postsecondary education: part-time faculty.
    • AB 2887 by Assemblymember Brian Maienschein (D-San Diego) – School safety plans: medical emergency procedures.
    • AB 2898 by Assemblymember Wendy Carrillo (D-Los Angeles) – Unbundled parking: exemptions: Housing Choice Vouchers.
    • AB 2902 by Assemblymember Jim Wood (D-Healdsburg) – Solid waste: reduction and recycling.
    • AB 2931 by Assemblymember Mike Fong (D-Alhambra) – Community colleges: classified employees: merit system: part-time student-tutors.
    • AB 2939 by Assemblymember Anthony Rendon (D-Lakewood) – Parks: counties and cities: interpretive services.
    • AB 2951 by Assemblymember Sabrina Cervantes (D-Riverside) – Voter registration: cancellation.
    • AB 2971 by Assemblymember Brian Maienschein (D-San Diego) – Classified Employee Staffing Ratio Workgroup: community college districts.
    • AB 2991 by Assemblymember Avelino Valencia (D-Anaheim) – Alcoholic beverage control: retailer payments: electronic funds transfers.
    • AB 3025 by Assemblymember Avelino Valencia (D-Anaheim) – County employees’ retirement: disallowed compensation: benefit adjustments.
    • AB 3042 by Assemblymember Stephanie Nguyen (D-Elk Grove) – County penalties.
    • AB 3069 by Assemblymember Laurie Davies (R-Laguna Niguel) – Tied-house restrictions: advertising exceptions: City of Oceanside.
    • AB 3087 by Assemblymember Mike Fong (D-Alhambra) – California Community Colleges Economic and Workforce Development Program.
    • AB 3100 by Assemblymember Evan Low (D-Campbell) – Assumption of mortgage loans: dissolution of marriage.
    • AB 3116 by Assemblymember Eduardo Garcia (D-Coachella) – Housing development: density bonuses: student housing developments.
    • AB 3119 by Assemblymember Evan Low (D-Campbell) – Physicians and surgeons, nurse practitioners, and physician assistants: continuing medical education: infection-associated chronic conditions.
    • AB 3131 by Assemblymember Kevin McCarty (D-Sacramento) – Strong Workforce Program: applicants receiving equity multiplier funding.
    • AB 3158 by Assemblymember Marc Berman (D-Menlo Park) – Community colleges: West Valley-Mission Community College District.
    • AB 3177 by Assemblymember Wendy Carrillo (D-Los Angeles) – Mitigation Fee Act: land dedications: mitigating vehicular traffic impacts.
    • AB 3184 by Assemblymember Marc Berman (D-Menlo Park) – Elections: signature verification statements, unsigned ballot identification statements, and reports of ballot rejections.
    • AB 3234 by Assemblymember Liz Ortega (D-San Leandro) – Employers: social compliance audit.
    • AB 3261 by Assemblymember Mike Fong (D-Alhambra) – Horse racing: out-of-state thoroughbred races.
    • AB 3290 by the Committee on Higher Education – Public postsecondary education.
    • AB 3291 by the Committee on Human Services – Developmental services.
    • SB 98 by Senator Anthony Portantino (D-Burbank) – Education finance: local control funding formula: enrollment-based funding report.
    • SB 382 by Senator Josh Becker (D-Menlo Park) – Single-family residential property: disclosures.
    • SB 577 by Senator Melissa Hurtado (D-Sanger) – Insurance.
    • SB 689 by Senator Catherine Blakespear (D-Encinitas) – Local coastal program: bicycle lane: amendment.
    • SB 708 by Senator Brian W. Jones (R-San Diego) – Vehicles: off-highway motor vehicles: off-highway motorcycles: sanctioned event permit.
    • SB 778 by Senator Rosilicie Ochoa Bogh (R-Yucaipa) – Excavations: subsurface installations.
    • SB 819 by Senator Susan Talamantes Eggman (D-Stockton) – Medi-Cal: certification.
    • SB 863 by Senator Ben Allen (D-Santa Monica) – Measures proposed by the Legislature.
    • SB 977 by Senator John Laird (D-Santa Cruz) – County of San Luis Obispo Redistricting Commission.
    • SB 978 by Senator Kelly Seyarto (R-Murrieta) – State government: budget: state publications: format.
    • SB 1046 by Senator John Laird (D-Santa Cruz) – Organic waste reduction: program environmental impact report: small and medium compostable material handling facilities or operations.
    • SB 1053 by Senator Catherine Blakespear (D-Encinitas) – Solid waste: recycled paper bags: standards: carryout bag prohibition.
    • SB 1077 by Senator Catherine Blakespear (D-Encinitas) – Coastal resources: local coastal program: amendments: accessory and junior accessory dwelling units.
    • SB 1106 by Senator Susan Rubio (D-Baldwin Park) – The Kasem-Nichols-Rooney Law.
    • SB 1117 by Senator John Laird (D-Santa Cruz) – Organic products.
    • SB 1130 by Senator Steven Bradford (D-Gardena) – Electricity: Family Electric Rate Assistance program.
    • SB 1156 by Senator Melissa Hurtado (D-Sanger) – Groundwater sustainability agencies: conflicts of interest: financial interest disclosures.
    • SB 1158 by Senator Bob Archuleta (D-Pico Rivera) – Carl Moyer Memorial Air Quality Standards Attainment Program.
    • SB 1193 by Senator Caroline Menjivar (D-San Fernando Valley/Burbank) – Airports: leaded aviation gasoline.
    • SB 1225 by Senator Brian W. Jones (R-San Diego) – Real estate appraisers: disciplinary information: petitions.
    • SB 1230 by Senator Susan Rubio (D-Baldwin Park) – Strengthen Tobacco Oversight Programs (STOP) and Seize Illegal Tobacco Products Act.
    • SB 1248 by Senator Melissa Hurtado (D-Sanger) – Pupil health: extreme weather conditions: physical activity.
    • SB 1251 by Senator Henry Stern (D-Los Angeles) – Mosquito abatement inspections.
    • SB 1254 by Senator Josh Becker (D-Menlo Park) – CalFresh: enrollment of incarcerated individuals.
    • SB 1280 by Senator John Laird (D-Santa Cruz) – Waste management: propane cylinders: reusable or refillable.
    • SB 1304 by Senator Monique Limόn (D-Santa Barbara) – Underground injection control: aquifer exemption.
    • SB 1315 by Senator Bob Archuleta (D-Pico Rivera) – School accountability: local educational agencies: annual reporting requirements.
    • SB 1321 by Senator Aisha Wahab (D-Silicon Valley) – Employment Training Panel: employment training program: projects and proposals.
    • SB 1324 by Senator Monique Limόn (D-Santa Barbara) – California Ocean Science Trust: agreements.
    • SB 1329 by the Committee on Education – Elementary and secondary education: omnibus.
    • SB 1333 by Senator Susan Talamantes Eggman (D-Stockton) – Communicable diseases: HIV reporting.
    • SB 1336 by Senator Bob Archuleta (D-Pico Rivera) – Department of General Services: state property: Metropolitan State Hospital.
    • SB 1367 by Senator Melissa Hurtado (D-Sanger) – Agriculture: commercial feed: inspection tonnage tax: research and education.
    • SB 1399 by Senator Henry Stern (D-Los Angeles) – Transfer of real property: transfer fees.
    • SB 1410 by Senator Rosilicie Ochoa Bogh (R-Yucaipa) – Pupil instruction: curriculum frameworks: mathematics: algebra. A signing message can be found here.
    • SB 1429 by Senator Rosilicie Ochoa Bogh (R-Yucaipa) – Education finance: emergencies: snowstorms.
    • SB 1440 by Senator John Laird (D-Santa Cruz) – School operations: 4-day school week.
    • SB 1441 by Senator Ben Allen (D-Santa Monica) – Examination of petitions: time limitations and reimbursement of costs.
    • SB 1450 by Senator Ben Allen (D-Santa Monica) – Elections.
    • SB 1451 by Senator Angelique Ashby (D-Sacramento) – Professions and vocations.
    • SB 1452 by Senator Angelique Ashby (D-Sacramento) – Architecture and landscape architecture.
    • SB 1453 by Senator Angelique Ashby (D-Sacramento) – Dentistry.
    • SB 1454 by Senator Angelique Ashby (D-Sacramento) – Bureau of Security and Investigative Services: sunset.
    • SB 1455 by Senator Angelique Ashby (D-Sacramento) – Contractors: licensing.
    • SB 1456 by Senator Angelique Ashby (D-Sacramento) – State Athletic Commission Act.
    • SB 1465 by Senator Bob Archuleta (D-Pico Rivera) – State building standards.
    • SB 1468 by Senator Rosilicie Ochoa Bogh (R-Yucaipa) – Healing arts boards: informational and educational materials for prescribers of narcotics: federal “Three Day Rule.”
    • SB 1476 by Senator Catherine Blakespear (D-Encinitas) – Political Reform Act of 1974: State Bar of California.
    • SB 1491 by Senator Susan Talamantes Eggman (D-Stockton) – Postsecondary education: Equity in Higher Education Act.
    • SB 1500 by Senator María Elena Durazo (D-Los Angeles) – Housing: federal waiver: income eligibility.
    • SB 1511 by the Committee on Health – Health omnibus.
    • SB 1512 by the Committee on Housing – Housing omnibus.
    • SB 1514 by the Committee on Local Government – Local Government Omnibus Act of 2024.
    • SB 1518 by the Committee on Public Safety – Public safety omnibus.
    • SB 1523 by the Committee on Governmental Organization – Gambling: lotteries.
    • SB 1526 by the Committee on Business, Professions and Economic Development – Consumer affairs.
    • SB 1527 by the Committee on Revenue and Taxation – Property taxation: exemption: low-value properties and tribal housing.
    • SB 1528 by the Committee on Revenue and Taxation – California Department of Tax and Fee Administration.

    The Governor also announced that he has vetoed the following bills:
     

    • AB 544 by Assemblymember Isaac Bryan (D-Los Angeles) – Voting pilot program: county jails. A veto message can be found here. 
    • AB 832 by Assemblymember Sabrina Cervantes (D-Riverside) – California Transportation Commission: membership. A veto message can be found here.
    • AB 884 by Assemblymember Evan Low (D-Campbell) – Elections: language accessibility. A veto message can be found here.
    • AB 1738 by Assemblymember Wendy Carrillo (D-Los Angeles) – Mobile Homeless Connect Pilot Program. A veto message can be found here.
    • AB 1817 by Assemblymember Juan Alanis (R-Modesto) – Homeless youth. A veto message can be found here.
    • AB 1834 by Assemblymember Eduardo Garcia (D-Coachella) – Resource adequacy: Electricity Supply Strategic Reliability Reserve Program. A veto message can be found here.
    • AB 1918 by Assemblymember Jim Wood (D-Healdsburg) – Solar-ready and photovoltaic and battery storage system requirements: exemption. A veto message can be found here.
    • AB 1919 by Assemblymember Dr. Akilah Weber (D-San Diego) – Pupil discipline: suspension: restorative justice practices. A veto message can be found here.
    • AB 1947 by Assemblymember Luz Rivas (D-Sylmar) – California state preschool programs: contracting agencies: staff training days. A veto message can be found here.
    • AB 1977 by Assemblymember Tri Ta (R-Westminster) – Health care coverage: behavioral diagnoses. A veto message can be found here.
    • AB 1992 by Assemblymember Tasha Boerner (D-Encinitas) – Carbon sequestration: blue carbon and teal carbon demonstration projects. A veto message can be found here.
    • AB 2022 by Assemblymember Dawn Addis (D-Morro Bay) – Mobilehome parks: emergency preparedness. A veto message can be found here.
    • AB 2038 by Assemblymember Sharon Quirk-Silva (D-Fullerton) – State parks: outdoor equity programs. A veto message can be found here.
    • AB 2088 by Assemblymember Kevin McCarty (D-Sacramento) – K–14 classified employees: part-time or full-time vacancies: public postings. A veto message can be found here.
    • AB 2093 by Assemblymember Miguel Santiago (D-Los Angeles) – Community colleges: California College Promise: fee waiver eligibility. A veto message can be found here.
    • AB 2103 by Assemblymember Gail Pellerin (D-Santa Cruz) – Department of Parks and Recreation: Big Basin Redwoods, Año Nuevo, and Butano State Parks: real property acquisition. A veto message can be found here.
    • AB 2120 by Assemblymember Phillip Chen (R-Yorba Linda) – Trespass. A veto message can be found here. 
    • AB 2214 by Assemblymember Rebecca Bauer-Kahan (D-Orinda) – Ocean Protection Council: microplastics. A veto message can be found here.
    • AB 2250 by Assemblymember Dr. Akilah Weber (D-San Diego) – Social determinants of health: screening and outreach. A veto message can be found here.
    • AB 2263 by Assemblymember Laura Friedman (D-Glendale) – The California Guaranteed Income Statewide Feasibility Study Act. A veto message can be found here.
    • AB 2271 by Assemblymember Liz Ortega (D-San Leandro) – St. Rose Hospital. A veto message can be found here.
    • AB 2277 by Assemblymember Greg Wallis (R-Palm Springs) – Community colleges: part-time faculty. A veto message can be found here.
    • AB 2330 by Assemblymember Chris R. Holden (D-Pasadena) – Endangered species: incidental take: wildfire preparedness activities. A veto message can be found here.
    • AB 2401 by Assemblymember Philip Ting (D-San Francisco) – Clean Cars 4 All Program. A veto message can be found here.
    • AB 2448 by Assemblymember Dr. Corey Jackson (D-Moreno Valley) – Electric Vehicle Economic Opportunity Zone: County of Riverside. A veto message can be found here.
    • AB 2537 by Assemblymember Dawn Addis (D-Morro Bay) – Energy: Voluntary Offshore Wind and Coastal Resources Protection Program: community capacity funding activities and grants. A veto message can be found here.
    • AB 2538 by Assemblymember Tim Grayson (D-Concord) – Department of Forestry and Fire Protection: seasonal firefighters. A veto message can be found here.
    • AB 2586 by Assemblymember David Alvarez (D-San Diego) – Public postsecondary education: student employment. A veto message can be found here.
    • AB 2637 by Assemblymember Pilar Schiavo (D-Chatsworth) – Health Facilities Financing Authority Act. A veto message can be found here.
    • AB 2677 by Assemblymember Phillip Chen (R-Yorba Linda) – Sureties: liability. A veto message can be found here.
    • AB 2681 by Assemblymember Dr. Akilah Weber (D-San Diego) – Weapons: robotic devices. A veto message can be found here.
    • AB 2910 by Assemblymember Miguel Santiago (D-Los Angeles) – State Housing Law: City of Los Angeles: conversion of nonresidential buildings. A veto message can be found here.
    • AB 3023 by Assemblymember Diane Papan (D-San Mateo) – Wildfire and Forest Resilience Task Force: interagency funding strategy: multiple benefit projects: grant program guidelines. A veto message can be found here.
    • AB 3034 by Assemblymember Evan Low (D-Campbell) – Public postsecondary education: waiver of tuition and fees: California Conservation Corps. A veto message can be found here.
    • SB 571 by Senator Ben Allen (D-Santa Monica) – Fire safety: ingress and egress route recommendations: report. A veto message can be found here.
    • SB 936 by Senator Kelly Seyarto (R-Murrieta) – Department of Transportation: study: state highway system: road safety projects. A veto message can be found here.
    • SB 983 by Senator Aisha Wahab (D-Silicon Valley) – Energy: gasoline stations and alternative fuel infrastructure. A veto message can be found here.
    • SB 1108 by Senator Rosilicie Ochoa Bogh (R-Yucaipa) – Mobilehome parks: notice of violations. A veto message can be found here.
    • SB 1118 by Senator Susan Talamantes Eggman (D-Stockton) – Solar on Multifamily Affordable Housing Program. A veto message can be found here.
    • SB 1133 by Senator Josh Becker (D-Menlo Park) – Bail. A veto message can be found here.
    • SB 1170 by Senator Caroline Menjivar (D-San Fernando Valley/Burbank) – Political Reform Act of 1974: campaign funds. A veto message can be found here.
    • SB 1182 by Senator Lena Gonzalez (D-Long Beach) – Master Plan for Healthy, Sustainable, and Climate-Resilient Schools. A veto message can be found here.
    • SB 1220 by Senator Monique Limόn (D-Santa Barbara) – Public benefits contracts: phone operator jobs. A veto message can be found here.
    • SB 1292 by Senator Steven Bradford (D-Gardena) – Electricity: fixed charges: report. A veto message can be found here.
    • SB 1369 by Senator Monique Limόn (D-Santa Barbara) – Dental providers: fee-based payments. A veto message can be found here.
    • SB 1375 by Senator María Elena Durazo (D-Los Angeles) – Workforce development: records: poverty-reducing labor standards: funds, programs, reporting, and analyses. A veto message can be found here.
    • SB 1383 by Senator Steven Bradford (D-Gardena) – California Advanced Services Fund: Broadband Public Housing Account. A veto message can be found here.
    • SB 1411 by Senator Rosilicie Ochoa Bogh (R-Yucaipa) – Instructional Quality Commission: curriculum framework and evaluation criteria committee: higher education faculty representation. A veto message can be found here.
    • SB 1412 by Senator Rosilicie Ochoa Bogh (R-Yucaipa) – Instructional Quality Commission: qualifications: prohibited communications. A veto message can be found here.
    • SB 1419 by Senator Susan Rubio (D-Baldwin Park) – Food Desert Elimination Grant Program. A veto message can be found here.
    • SB 1423 by Senator Brian Dahle (R-Bieber) – Medi-Cal: Rural Hospital Technical Advisory Group. A veto message can be found here.
    • SB 1443 by Senator Brian W. Jones (R-San Diego) – California Interagency Council on Homelessness. A veto message can be found here.
    • SB 1471 by Senator Henry Stern (D-Los Angeles) – Pupil instruction: quiet reflection. A veto message can be found here.
    • SB 1509 by Senator Henry Stern (D-Los Angeles) – Negligent Operator Treatment (NOT) in California Act. A veto message can be found here. 

    For full text of the bills, visit: http://leginfo.legislature.ca.gov.

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  • MIL-OSI USA: Governor Newsom signs landmark bill to protect kids from social media addiction, takes action on other measures

    Source: US State of California 2

    Sep 20, 2024

    SACRAMENTO – Moving to protect the health and well-being of youth on digital platforms, Governor Gavin Newsom today signed SB 976 by Senator Nancy Skinner (D-Berkeley), which prohibits online platforms from knowingly providing an addictive feed to a minor without parental consent. The bill also prohibits social media platforms from sending notifications to minors during school hours and late at night.

    “Every parent knows the harm social media addiction can inflict on their children – isolation from human contact, stress and anxiety, and endless hours wasted late into the night. With this bill, California is helping protect children and teenagers from purposely designed features that feed these destructive habits. I thank Senator Skinner for advancing this important legislation that puts children’s well-being first.”

    Governor Gavin Newsom

    “As a mother, I’m proud of California’s continued leadership in holding technology companies accountable for their products and ensuring those products are not harmful to children. Thank you to the Governor and Senator Skinner for taking a critical step in protecting children and ensuring their safety is prioritized over companies’ profits.”

    First Partner Jennifer Siebel Newsom 

    Today’s action builds on the enactment of bipartisan legislation in 2022 to require that online platforms consider the best interest of child users and to default to privacy and safety settings that protect children’s mental and physical health and well-being. The state continues to defend the California Age-Appropriate Design Code Act from a lawsuit challenging the first-in-the-nation law.

    The Governor today also announced that he has signed the following bills:
     

    • AB 224 by Assemblymember Blanca Rubio (D-Baldwin Park) – Worker status: employees and independent contractors: newspaper distributors and carriers.
    • AB 551 by Assemblymember Steve Bennett (D-Ventura) – Public Utilities Commission.
    • AB 1465 by Assemblymember Buffy Wicks (D-Oakland) – Nonvehicular air pollution: civil penalties.
    • AB 1505 by Assemblymember Freddie Rodriguez (D-Pomona) – California Earthquake Authority: closed meetings.
    • AB 1805 by Assemblymember Tri Ta (R-Westminster) – Instructional materials: history-social science: Mendez v. Westminster School District of Orange County.
    • AB 1974 by Assemblymember Cottie Petrie-Norris (D-Irvine) – Family conciliation courts: evaluator training.
    • AB 2032 by Assemblymember Jim Patterson (R-Fresno) – Tribal gaming: compact ratification.
    • AB 2062 by Assemblymember Tim Grayson (D-Concord) – Credit unions.
    • AB 2069 by Assemblymember James Gallagher (R-Yuba City) – Sale of soju and shochu.
    • AB 2146 by Assemblymember Freddie Rodriguez (D-Pomona) – Product safety: recreational water safety: wearable personal flotation devices: infants and children.
    • AB 2174 by Assemblymember Cecilia Aguiar-Curry (D-Winters) – Alcoholic beverages: beer caterer’s permit.
    • AB 2225 by Assemblymember Freddie Rodriguez (D-Pomona) – Discovery: prehospital emergency medical care person or personnel review committees.
    • AB 2378 by Assemblymember Lisa Calderon (D-Whittier) – Alcoholic beverage control: licensing exemption: apprenticeship program for bartending or mixology.
    • AB 2389 by Assemblymember Josh Lowenthal (D-Long Beach) – Alcoholic beverages: on-sale general – eating place and on-sale general public premises: drug reporting.
    • AB 2424 by Assemblymember Pilar Schiavo (D-Chatsworth) – Mortgages: foreclosure.
    • AB 2589 by Assemblymember Joe Patterson (R-Rocklin) – Alcoholic beverages: additional licenses: County of El Dorado and County of Placer.
    • AB 2656 by Assemblymember James C. Ramos (D-Highland) –Tribal gaming: compact ratification.
    • AB 2865 by Assemblymember Wendy Carrillo (D-Los Angeles) – Pupil instruction: excessive alcohol use.
    • AB 2889 by Assemblymember Rick Chavez Zbur (D-Los Angeles) – Local public employee relations: the City of Los Angeles Employee Relations Board and the Los Angeles County Employee Relations Commission.
    • AB 2905 by Assemblymember Evan Low (D-Campbell) – Telecommunications: automatic dialing-announcing devices: artificial voices.
    • AB 3072 by Assemblymember Cottie Petrie-Norris (D-Irvine) – Child custody: ex parte orders.
    • AB 3203 by Assemblymember Cecilia Aguiar-Curry (D-Winters) – Craft distillers: direct shipping.
    • AB 3276 by Assemblymember James C. Ramos (D-Highland) – Tribal gaming: compact ratification.
    • SB 931 by Senator Bill Dodd (D-Napa) – Tribal gaming: compact ratification.
    • SB 990 by Senator Steve Padilla (D-San Diego) – Office of Emergency Services: State Emergency Plan: LGBTQ+ individuals.
    • SB 1072 by Senator Steve Padilla (D-San Diego) – Local government: Proposition 218: remedies.
    • SB 1111 by Senator Dave Min (D-Irvine) – Public officers: contracts: financial interest.
    • SB 1207 by Senator Brian Dahle (R-Bieber) – Buy Clean California Act: eligible materials.
    • SB 1317 by Senator Aisha Wahab (D-Silicon Valley) – Inmates: psychiatric medication: informed consent.
    • SB 1445 by Senator Dave Cortese (D-San Jose) – Governing boards: pupil members: expulsion hearing recommendations.
    • SB 1481 by Senator Anna Caballero (D-Merced) – Claims against the state: appropriation.

    The Governor also announced that he has vetoed the following bills:

    • AB 52 by Assemblymember Tim Grayson (D-Concord) – Income tax credit: sales and use taxes paid: manufacturing equipment: research and development equipment. A veto message can be found here.
    • AB 366 by Assemblymember Cottie Petrie-Norris (D-Irvine) – County human services agencies: workforce development. A veto message can be found here.
    • AB 457 by Assemblymember Cecilia Aguiar-Curry (D-Winters) – Beverage containers: recycling: redemption payment and refund value: annual redemption and processing fee payments. A veto message can be found here.
    • AB 922 by Assemblymember Buffy Wicks (D-Oakland) – Prepared Meals Delivery Program. A veto message can be found here.
    • AB 1792 by Assemblymember Freddie Rodriguez (D-Pomona) – Emergency medical services: personal protective equipment. A veto message can be found here.
    • AB 1950 by Assemblymember Wendy Carrillo (D-Los Angeles) – Task force: former Chavez Ravine property: eminent domain: compensation. A veto message can be found here.
    • AB 2238 by Assemblymember Evan Low (D-Campbell) – Franchise Tax Board: membership. A veto message can be found here.
    • AB 2313 by Assemblymember Steve Bennett (D-Ventura) – Farmer Equity Act of 2017: Regional Farmer Equipment and Cooperative Resources Assistance Pilot Program. A veto message can be found here.
    • AB 2339 by Assemblymember Cecilia Aguiar-Curry (D-Winters) – Medi-Cal: telehealth. A veto message can be found here.
    • AB 2490 by Assemblymember Cottie Petrie-Norris (D-Irvine) – Reproductive Health Emergency Preparedness Program. A veto message can be found here.
    • AB 2549 by Assemblymember James Gallagher (R-Yuba City) – Patient visitation. A veto message can be found here.
    • AB 2670 by Assemblymember Pilar Schiavo (D-Chatsworth) – Awareness campaign: abortion services. A veto message can be found here.
    • AB 2735 by Assemblymember Blanca Rubio (D-Baldwin Park) – Joint powers agreements: water corporations. A veto message can be found here.
    • AB 2872 by Assemblymember Lisa Calderon (D-Whittier) – Department of Insurance: sworn members: compensation. A veto message can be found here.
    • AB 2983 by Assemblymember Freddie Rodriguez (D-Pomona) – Office of Emergency Services: comprehensive wildfire mitigation program: impact on fire insurance. A veto message can be found here.
    • AB 3045 by Assemblymember Tri Ta (R-Westminster) – Birth certificate: decorative Asian Zodiac heirloom birth certificate. A veto message can be found here.
    • AB 3048 by Assemblymember Josh Lowenthal (D-Long Beach) – California Consumer Privacy Act of 2018: opt-out preference signal. A veto message can be found here.
    • AB 3156 by Assemblymember Joe Patterson (R-Rocklin) – Medi-Cal managed care plans: enrollees with other health care coverage. A veto message can be found here.
    • SB 636 by Senator Dave Cortese (D-San Jose) – Workers’ compensation: utilization review. A veto message can be found here.
    • SB 804 by Senator Brian Dahle (R-Bieber) – Criminal procedure: hearsay testimony at preliminary hearings. A veto message can be found here.
    • SB 892 by Senator Steve Padilla (D-San Diego) – Public contracts: automated decision systems: procurement standards. A veto message can be found here.
    • SB 972 by Senator Dave Min (D-Irvine) – Methane emissions: organic waste: landfills. A veto message can be found here.
    • SB 1319 by Senator Aisha Wahab (D-Silicon Valley) – Skilled nursing facilities: approval to provide therapeutic behavioral health programs. A veto message can be found here.
    • SB 1463 by Senator Roger Niello (R-Fair Oaks) – Developmental services: Self-Determination Program: Deputy Director of Self-Determination. A veto message can be found here.

    For full text of the bills, visit: http://leginfo.legislature.ca.gov.

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  • MIL-OSI USA: On World Alzheimer’s Day, Governor Newsom signs legislation to take on dementia and help Californians thrive as they age

    Source: US State of California 2

    Sep 21, 2024

    What you need to know: Governor Gavin Newsom signed legislation to provide more safety, care, and accountability for services that help older adults and their families thrive, as more Californians live longer lives. This action further advances California’s nation-leading Master Plan for Aging.

    Sacramento, California – On World Alzheimer’s Day, Governor Gavin Newsom signed a package of twelve bills to help California’s law enforcement, doctors and health care providers, and local aging services better serve the growing number of California adults over 60 and their families. These policies will help reform the state’s aging services ahead of 2030, when one in four Californians will be aged 60 or over.  

    • AB 2541 by Assemblymember Jasmeet Bains (D-Delano) — Requires law enforcement to have training on preventing and responding to wandering by people with Alzheimer’s, autism, and dementia.
    • SB 639 by Senator Monique Limón (D-Santa Barbara) — Requires doctors, nurses, and other health care professionals who provide care for people 65 and older as at least 25% of their practice to take continuing education in geriatrics and dementia care.
    • SB 1249 by Senator Richard Roth (D-Riverside) — Modernizes the Mello-Granlund Older Californians Act of 1996 by increasing local control and establishing new core programs and performance measures for accountability in the delivery of local aging services. 

    “People over 60 are California’s fastest growing population – in fact, our residents live among the longest lives in America. That’s why it’s so important that we work to advance healthy, safe, and supported aging in the Golden State. I’m proud that we continue to boldly tackle perhaps the greatest challenge of aging – dementia – to ensure that every person can age with dignity and care.” 

    Governor Gavin Newsom

    Combatting dementia and supporting families

    Dr. Jasmeet Bains, Assemblymember, Chair of the Assembly Aging and Long-Term Care Committee: “As the nation’s population continues to age, the incidence of Alzheimer’s and other dementia related disorders have increased as well. I have seen this first hand as a practicing physician both in my district and in my deployments in serving those impacted by wildfires throughout the state. Given that over 60% of those living with Alzheimer’s disease will wander at some point and an estimated 49% of children with autism will engage in wandering behavior there will be more and more opportunities for these individuals to wander from home and come into contact with local law enforcement and public safety officials. Finding people quickly is key because we know the survival rate drops dramatically the longer it takes to find the missing person.”

    State Senator Monique Limón: “On World Alzheimer’s Day I am honored that Governor Newsom has signed SB 639, ensuring our healthcare workforce is equipped to provide dementia care to our most vulnerable populations. The fight to end Alzheimer’s for me is incredibly personal. I witnessed my own grandmother grapple with the disease for years and experienced first-hand the toll it took on our family and loved ones. That is why I believe firmly that with more support, education, and coordinated efforts in the health care space we can provide comprehensive care to Californians impacted by Alzheimer’s and Dementia.”

    State Senator Richard D. Roth: “With the advancement of technology, medicine, and healthy lifestyles, in the year 2030, one in four Californians will be 60 years of age or older. We must ensure that we continue to address the diverse needs of a rapidly aging population. To do so we need to be vigilant in the oversight of the government programs that help assist older Californians. Governor Newsom’s signing of SB 1249 ensures the Older Californians Act is modernized by developing performance metrics, and a process to make sure the services provided for aging residents are integrated with our other social service programs.”

    Susan DeMarois, Director of the California Department of Aging: “The reimagining of California’s aging services network has been underway as we build on five decades of experience to evolve service development and delivery for a population that has significantly grown and changed. Older adults make up a greater segment of our population and are likely to live longer, healthier lives, requiring different services and supports than previous generations. Senator Roth’s bill helps achieve the vision of ensuring all older adults and their families can access consistent, high-quality services, no matter where they live in California.” 

    Bigger picture

    Recognizing that California’s over-65 population is projected to exceed the under-18 population by 2030, and the changes underway for families, communities, and the economy, Governor Gavin Newsom issued an executive order in 2019 calling for the creation of a Master Plan for Aging (MPA). The Master Plan, which was released in January 2021, serves as a blueprint that is being used by state government, local communities, private organizations and philanthropy to build environments that promote an age-friendly California.   Powered by the MPA, California has since expanded health care coverage, home care and day center services, family leave, housing choices ranging from ADUs to assisted living, adult protective services, volunteer opportunities, and more. Take On Alzheimer’s is California’s new public education and awareness campaign supporting prevention, diagnosis, and care

    Other aging-related legislation signed today

    AB 1902 by Assemblymember Juan Alanis (R-Merced) — Prescription drug labels: accessibility.

    AB 2016 by Assemblymember Brian Maienschein (D-San Diego) — Decedents’ estates.

    AB 2207 by Assemblymember Eloise Gómez Reyes (D-San Bernardino) — State boards and commissions: representatives of older adults.

    AB 2620 by Assemblymember Jasmeet Bains (D-Delano) — California Commission on Aging.

    AB 2680 by Assemblymember Cecilia Aguiar-Curry (D-Winters) — Alzheimer’s Disease and Related Conditions Advisory Committee.

    AB 2689 by Assemblymember Jasmeet Bains (D-Delano) — Personal income taxes: California Alzheimer’s Disease and Related Dementia Research Voluntary Tax Contribution Fund (signed earlier this year).

    SB 1352 by Senator Aisha Wahab (D-Fremont) — Continuing care retirement communities.

    SB 1354 by Senator Aisha Wahab (D-Fremont) — Long-term health care facilities: payment source and resident census.

    SB 1406 by Senator Ben Allen (D-El Segundo) — Residential care facilities for the elderly: resident services.

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