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Category: Transport

  • MIL-OSI USA: Grassley, Colleagues Introduce MOMS Act to Support Mothers, Strengthen Families

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley
    WASHINGTON – Sen. Chuck Grassley (R-Iowa) joined Sens. Katie Britt (R-Ala.), Kevin Cramer (R-N.D.) and Eric Schmitt (R-Mo.) to introduce the More Opportunities for Moms to Succeed (MOMS) Act. The legislation would provide critical support to women during typically challenging phases of motherhood – including prenatal, postpartum and early childhood development – and bolster access to resources and assistance to help mothers and their children thrive.
    “Parenthood is a blessing, and it’s critical that women have the support they need during this crucial time. Our legislation would expand access for moms looking for resources and services in their area. I’m proud to be pro-life, pro-mother and pro-family,” Grassley said.
    Additional cosponsors include Sens. Roger Marshall (R-Kan.), Steve Daines (R-Mont.), Jerry Moran (R-Kan.), Marsha Blackburn (R-Tenn.), John Cornyn (R-Texas), James Lankford (R-Okla.), Roger Wicker (R-Miss.), Jim Risch (R-Idaho), Mike Crapo (R-Idaho), Dave McCormick (R-Pa.), Pete Ricketts (R-Neb.), Jim Justice (R-W.Va.) and Tim Sheehy (R-Mont.).
    Background:
    In 2023, the number of U.S. births hit the lowest rate since 1979, and the total fertility rate in America hit an all-time low. Last year, fertility and birth rates remained near record-lows, reflecting a continued trend in the United States.
    The MOMS Act would establish a website with resources for expecting and postpartum moms, as well as those with young children. The bill would also increase access to adoption agencies, pregnancy resource centers and other relevant resources available near the mother’s location. These include health and well-being services, material and legal support and financial assistance.
    The bill would improve access to pre- and postnatal resources by establishing a grant program for nonprofit entities to support, encourage and assist women in carrying their pregnancies to term and in caring for their babies after birth.
    It would also support moms in rural and medically underserved areas by helping organizations purchase necessary medical equipment and technology to support prenatal and postnatal telehealth appointments.
    This legislation is endorsed by Susan B. Anthony Pro-Life America, Americans United for Life, March for Life Action, the National Right to Life Committee, Students for Life Action, Concerned Women of America, the Ethics and Religious Liberty Commission and the Human Coalition.
    The full text of the bill can be found HERE. 
    A section-by-section of the bill can be found HERE.
    -30-

    MIL OSI USA News –

  • MIL-OSI USA: Grassley Scrutinizes HHS Contractor for Failure to Report Human Trafficking Cases on Taxpayer-Funded Hotline

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley
    WASHINGTON – Senate Judiciary Committee Chairman Chuck Grassley (R-Iowa) is shining a light on the Polaris Project, which has received millions in taxpayer dollars from the Department of Health and Human Services (HHS) to solely operate HHS’s National Human Trafficking Hotline for nearly 18 years.  
    In a letter to HHS Secretary Robert F. Kennedy Jr., Grassley cites legally protected whistleblower disclosures revealing the Polaris Project failed to report several instances of human trafficking – including child sex trafficking – to law enforcement. Grassley also highlights Polaris’ potential conflict of interest, noting Polaris’ co-founder currently oversees the HHS office responsible for awarding the National Human Trafficking Hotline contract. 
    “As you are aware, Polaris has received millions in taxpayer dollars to run this hotline, and if the grant is renewed, will receive an additional $9 million in funding. It’s imperative that HHS ensure the hotline is running efficiently and effectively to protect the countless victims of human trafficking,” Grassley wrote. 
    “These alleged failures by Polaris to report instances of human trafficking are deeply concerning and, if they are accurate, changes to the operation of the NHTH must be made,” Grassley concluded. 
    Forty-one Attorneys General raised additional concerns in an April letter to Kennedy regarding the Polaris Project’s operation of the National Human Trafficking Hotline. 
    Read Grassley’s full letter HERE and below. 
    May 5, 2025 
    VIA ELECTRONIC TRANSMISSION 
    The Honorable Robert F. Kennedy Jr.  Secretary  Department of Health and Human Services  
    Dear Secretary Kennedy: 
    On February 27, 2023, 36 Attorneys General (AGs), wrote to Congress expressing their concerns with the Polaris Project, which has been the sole contractor operating the National Human Trafficking Hotline (NHTH) since 2007. This letter noted that Polaris, which is funded by taxpayer dollars, “is not reporting tips of adult trafficking to state law enforcement except under the limited circumstance where the victim self-reports and affirmatively consents to the Hotline making the report.” More recently, on April 15, 2025, 41 AGs sent you a letter regarding the notice of funding opportunity (NOFO) for the grant to operate the NHTH. This letter raised multiple concerns about Polaris’s operation of the hotline. Specifically, the AGs stated that Polaris was “no longer sharing tips from concerned citizens and distressed family members with local law enforcement.” These alleged failures by Polaris to report instances of human trafficking are deeply concerning and, if they are accurate, changes to the operation of the NHTH must be made. 
    Additionally, according to reports, Katherine Chon, the co-founder of Polaris, is a “senior adviser at [the Department of Health and Human Services (HHS)] and its director of the Office on Trafficking in Persons [OTIP],” the office awarding the grant. Given the importance of the NHTH, you must not allow conflicts of interest to affect the contracting process.   
    Legally protected whistleblower disclosures provided to my office appear to confirm the allegations that Polaris is not reporting instances of potential human trafficking to law enforcement.   For example, according to an internal Polaris case file, in March 2025, an anonymous “signaler” contacted the NHTH and reported a “possible [sex trafficking (ST)] situation.” Polaris staff marked “Yes” for the case referencing potential minors and deemed the “Level of Trafficking Indicators” as having “High Indicators.” The case file also noted that the estimated age range of potential victims were “15-17; 18-21; 22+,” and that the potential victim indicated to the signaler she wanted police involvement. The case file further indicates that, according to the signaler, the potential victim is afraid “[s]he’s going to be physically hurt by the pimp running this company.  She’s being forced to escort for sex and money.” It also notes that there are no existing reports to law enforcement. The signaler also disclosed that the individual accused of trafficking the victim also forces other women, potentially minors, to engage in these types of acts.   Unfortunately, according to the records obtained by my office, a member of Polaris’s staff reviewed and labeled the file “Work Not Required.” A whistleblower told my office that this means the case is closed and law enforcement has not been alerted.  
    Another legally protected whistleblower disclosure to my office shows similar concerning behavior by Polaris and its staff.  According to records provided to my office, in February 2025, a potential victim contacted the NHTH to report a “situation of [sex trafficking] involving herself and her minor sister.” According to the records, the potential victim and her minor sister were being held by two potential traffickers. Additionally, the case file notes that both of the potential victims were United States citizens and that the “Level of Trafficking Indicators” was marked as having “High Indicators.” Further, according to the records, the potential victim “[w]ishe[d] to report, not anonymously.” However, the Polaris case file noted that the potential victim stopped communicating “due to safety concerns.” The case file status is described as “unclear situation as [potential victim (PV)] stopped responding” and “Work Not Required.”  According to legally protected disclosures to my office, that means Polaris staff failed to report this potential trafficking to law enforcement and no other action was taken. 
    As you are aware, Polaris has received millions in taxpayer dollars to run this hotline, and if the grant is renewed, will receive an additional $9 million in funding.   It’s imperative that HHS ensure the hotline is running efficiently and effectively to protect the countless victims of human trafficking.  Additionally, for Congress to better understand HHS’s oversight of the hotline and the Polaris Project, please provide answers to the following by May 19, 2025: 
    Does “Work Not Required” mean that law enforcement was not informed of the information?
    What steps has HHS taken to address the complaints raised by the Attorneys General letters from 2023 and 2025?  Provide all records. 
    What specific steps has HHS taken to oversee Polaris and ensure its properly reporting tips the hotline receives?  Provide all records. 
    What steps has HHS taken to ensure the apparent conflicts of interest between Polaris and Ms. Chon do not affect the contracting process?  Has Ms. Chon been walled off from these matters?  If not, why not?  If so, provide all recusal records.

    MIL OSI USA News –

  • MIL-OSI Security: Security News: U.S. Attorneys for Southwestern Border Districts Charge More than 1300 Illegal Aliens with Immigration-Related Crimes During the First week in May as part of Operation Take Back America

    Source: United States Department of Justice 2

    Since the inauguration of President Trump, the Department of Justice is playing a critical role in Operation Take back America, a nationwide initiative to repel the invasion of illegal immigration, achieve total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    Last week, the U.S. Attorneys for Arizona, Central California, Southern California, New Mexico, Southern Texas, and Western Texas charged more than 1300 defendants with criminal violations of U.S. immigration laws.  

    The Southern District of Texas filed 256 cases in matters aimed at securing the southern border. As part of the cases, 83 face allegations of illegally reentering the country. The majority have prior felony convictions for narcotics, firearms, sexual or violent offenses, prior immigration crimes and more. A total of 160 people face charges of illegally entering the country, while 13 cases allege various instances of human smuggling with the remainder involving other immigration-related crimes.  

    The Western District of Texas filed 352 new immigration and immigration-related criminal cases. Among the new cases, David Ysturiz-Villalobos and Yilber Gabriel Caldera-Espinoza were arrested by the San Antonio Police Department during an April 22 traffic stop. Both were identified as Venezuelan nationals unlawfully present in the United States. Ysturiz-Villalobos was in possession of a .40 caliber pistol with a loaded magazine and one chambered round. Caldera-Espinoza admitted the pistol was his. Ysturiz-Villalobos and Caldera-Espinoza are each charged with one count of illegal alien in possession of a firearm and, if convicted, face up to 10 years in federal prison.

    The District of Arizona brought immigration-related criminal charges against 287 defendants. Specifically, the United States filed 107 cases in which aliens illegally re-entered the United States, and the United States also charged 156 aliens for illegally entering the United States. In its ongoing effort to deter unlawful immigration, the United States filed 21 cases against 24 individuals responsible for smuggling illegal aliens into and within the District of Arizona.

    The Southern District of California filed 124 border-related cases this week, including charges of assault on a federal officer, bringing in aliens for financial gain, reentering the U.S. after deportation, and importation of controlled substances. A sample of border-related arrests this week: On April 27, Emma Alejandra Medina, a U.S. citizen, was arrested and charged with Attempted Bringing in Aliens for Financial Gain. According to a complaint, Medina was captain of a boat that was transporting eight undocumented immigrants on San Diego Bay. On April 26, Jorge Alexandro Tellez, a U.S. citizen, was arrested and charged with attempting to cross the border in a vehicle with 286 pounds of methamphetamine concealed in all four doors, the seats, the spare tire, the tailgate, and in multiple tool bags located inside the vehicle.

    The Central District of California this week criminally charged 45 defendants who allegedly illegally re-entered the United States following removal, bringing the total number of defendants charged with this crime since Jan. 20 of this year to 347, a year-over-year increase of 3,755%, the Justice Department announced today. The defendants charged were previously convicted of felonies before they were removed from the United States, offenses that include attempted burglary and forgery. Since the change in administration this year, federal prosecutors in the seven-county Central District, which includes Los Angeles, have aggressively pursued criminal illegal aliens. In comparison, federal prosecutors in 2024 charged a total of nine defendants with Title 8 United States Code § 1326 – illegal re-entry following removal. In 2023, the office charged eight such defendants.

    The District of New Mexico announced its immigration enforcement statistics. These cases are prosecuted in partnership with the El Paso Sector of the U.S. Border Patrol, along with Homeland Security Investigations El Paso, and assistance from other federal, state, and county agencies. The United States Attorney’s Office brought the following criminal charges in New Mexico: 79 individuals were charged this week with Illegal Reentry After Deportation (8 U.S.C. 1326), 11 individuals were charged this week with Alien Smuggling (8 U.S.C. 1324), 12 individuals were charged this week with Illegal Entry (8 U.S.C. 1325), and 130 individuals were charged this week with Illegal Entry (8 U.S.C. 1325) and 50 U.S.C. 797, violation of a military security regulation, arising from the newly established National Defense Area in New Mexico.

    We are grateful for the hard work of our border prosecutors in bringing these cases and helping to make our border safe again. 

    MIL Security OSI –

  • MIL-OSI Security: California Man Sentenced to 12 Years’ Imprisonment in Connection with $17M Medicare Fraud Schemes

    Source: United States Department of Justice Criminal Division

    A California man was sentenced yesterday to 12 years in prison and three years of supervised release for his role in a years-long scheme to defraud Medicare of more than $17 million through sham hospice companies and his home health care company.

    According to court documents, Petros Fichidzhyan, 44, of Granada Hills, schemed with others to bill Medicare for hospice services that were not medically necessary and never provided. Fichidzhyan and his co-schemers controlled hospice entities and used foreign nationals’ personal identifying information (PII) to conceal the scheme, using the PII to, among other things, open bank accounts, submit information to Medicare, and sign property leases. The defendant and his co-schemers also misappropriated the names and PII of several doctors, two of whom were deceased, to fraudulently bill Medicare for purported hospice services. Medicare paid the sham hospices nearly $16 million, of which Fichidzhyan received nearly $7 million, with more than $5.3 million laundered through a dozen shell and third-party bank accounts. Fichidzhyan also obtained more than $1 million in false claims paid to his home health care agency, which fraudulently used a doctor’s name and identifying information as having certified Medicare beneficiaries for home health care. When the doctor confronted Fichidzhyan about the fraud, Fichidzhyan attempted to cover up the scheme by paying the doctor $11,000.

    Fichidzhyan pleaded guilty to health care fraud, aggravated identity theft, and money laundering in February 2025. At sentencing, he was also ordered to pay $17,129,060 in restitution, and the court preliminarily ordered the forfeiture of a home bought with fraudulent proceeds. The government has seized $2,920,383 from bank accounts associated with the fraud. The sentence imposed today is the most recent step in the Justice Department’s ongoing effort to combat hospice fraud in the greater Los Angeles area.

    “For years, the defendant, working with others, ran multiple sham hospice and home health care schemes, fraudulently billing Medicare over $17 million,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “The defendant’s egregious scheme relied on layers of deception and sophisticated money laundering, and wasted millions in taxpayer money. With the help of our law enforcement partners, the Department of Justice is fully committed to stopping these criminal networks and protecting the public fisc.”

    “Health care fraud is not a victimless crime. Defrauding the Medicare program not only wastes valuable taxpayer dollars, it causes significant harm to enrollees,” said Acting Special Agent in Charge Omar Pérez Aybar at the U.S. Department of Health and Human Services, Office of Inspector General (HHS-OIG) Los Angeles Regional Office. “HHS-OIG, in collaboration with our law enforcement partners, will continue to investigate and hold accountable those who defraud federal health care programs.”

    “Mr. Fichidzhyan lined his pockets at the expense of the American taxpayer,” said Akil Davis, the Assistant Director in charge of the FBI’s Los Angeles Field Office. “The level of fraud and exploitation committed by the defendant is astounding and I’m proud of our investigators and prosecutors who were able to detect his schemes and hold him accountable.”

    The FBI and HHS-OIG are investigating the case.

    Trial Attorneys Eric C. Schmale and Sarah E. Edwards of the Criminal Division’s Fraud Section are prosecuting the case.

    The Fraud Section leads the Criminal Division’s efforts to combat health care fraud through the Health Care Fraud Strike Force Program. Since March 2007, this program, currently comprised of nine strike forces operating in 27 federal districts, has charged more than 5,800 defendants who collectively have billed federal health care programs and private insurers more than $30 billion. In addition, the Centers for Medicare & Medicaid Services, working in conjunction with HHS-OIG, are taking steps to hold providers accountable for their involvement in health care fraud schemes. More information can be found at www.justice.gov/criminal-fraud/health-care-fraud-unit.

    MIL Security OSI –

  • MIL-OSI Security: U.S. Attorneys for Southwestern Border Districts Charge More than 1300 Illegal Aliens with Immigration-Related Crimes During the First week in May as part of Operation Take Back America

    Source: United States Department of Justice Criminal Division

    Since the inauguration of President Trump, the Department of Justice is playing a critical role in Operation Take back America, a nationwide initiative to repel the invasion of illegal immigration, achieve total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    Last week, the U.S. Attorneys for Arizona, Central California, Southern California, New Mexico, Southern Texas, and Western Texas charged more than 1300 defendants with criminal violations of U.S. immigration laws.  

    The Southern District of Texas filed 256 cases in matters aimed at securing the southern border. As part of the cases, 83 face allegations of illegally reentering the country. The majority have prior felony convictions for narcotics, firearms, sexual or violent offenses, prior immigration crimes and more. A total of 160 people face charges of illegally entering the country, while 13 cases allege various instances of human smuggling with the remainder involving other immigration-related crimes.  

    The Western District of Texas filed 352 new immigration and immigration-related criminal cases. Among the new cases, David Ysturiz-Villalobos and Yilber Gabriel Caldera-Espinoza were arrested by the San Antonio Police Department during an April 22 traffic stop. Both were identified as Venezuelan nationals unlawfully present in the United States. Ysturiz-Villalobos was in possession of a .40 caliber pistol with a loaded magazine and one chambered round. Caldera-Espinoza admitted the pistol was his. Ysturiz-Villalobos and Caldera-Espinoza are each charged with one count of illegal alien in possession of a firearm and, if convicted, face up to 10 years in federal prison.

    The District of Arizona brought immigration-related criminal charges against 287 defendants. Specifically, the United States filed 107 cases in which aliens illegally re-entered the United States, and the United States also charged 156 aliens for illegally entering the United States. In its ongoing effort to deter unlawful immigration, the United States filed 21 cases against 24 individuals responsible for smuggling illegal aliens into and within the District of Arizona.

    The Southern District of California filed 124 border-related cases this week, including charges of assault on a federal officer, bringing in aliens for financial gain, reentering the U.S. after deportation, and importation of controlled substances. A sample of border-related arrests this week: On April 27, Emma Alejandra Medina, a U.S. citizen, was arrested and charged with Attempted Bringing in Aliens for Financial Gain. According to a complaint, Medina was captain of a boat that was transporting eight undocumented immigrants on San Diego Bay. On April 26, Jorge Alexandro Tellez, a U.S. citizen, was arrested and charged with attempting to cross the border in a vehicle with 286 pounds of methamphetamine concealed in all four doors, the seats, the spare tire, the tailgate, and in multiple tool bags located inside the vehicle.

    The Central District of California this week criminally charged 45 defendants who allegedly illegally re-entered the United States following removal, bringing the total number of defendants charged with this crime since Jan. 20 of this year to 347, a year-over-year increase of 3,755%, the Justice Department announced today. The defendants charged were previously convicted of felonies before they were removed from the United States, offenses that include attempted burglary and forgery. Since the change in administration this year, federal prosecutors in the seven-county Central District, which includes Los Angeles, have aggressively pursued criminal illegal aliens. In comparison, federal prosecutors in 2024 charged a total of nine defendants with Title 8 United States Code § 1326 – illegal re-entry following removal. In 2023, the office charged eight such defendants.

    The District of New Mexico announced its immigration enforcement statistics. These cases are prosecuted in partnership with the El Paso Sector of the U.S. Border Patrol, along with Homeland Security Investigations El Paso, and assistance from other federal, state, and county agencies. The United States Attorney’s Office brought the following criminal charges in New Mexico: 79 individuals were charged this week with Illegal Reentry After Deportation (8 U.S.C. 1326), 11 individuals were charged this week with Alien Smuggling (8 U.S.C. 1324), 12 individuals were charged this week with Illegal Entry (8 U.S.C. 1325), and 130 individuals were charged this week with Illegal Entry (8 U.S.C. 1325) and 50 U.S.C. 797, violation of a military security regulation, arising from the newly established National Defense Area in New Mexico.

    We are grateful for the hard work of our border prosecutors in bringing these cases and helping to make our border safe again. 

    MIL Security OSI –

  • MIL-OSI Video: Reducing Mental Health Stigma

    Source: United States of America – Federal Government Departments (video statements)

    VA’s Million Veteran Program (MVP) is making health discoveries in areas that matter to Veterans—including mental health, PTSD, and more. Learn why MVP’s research is important for helping to reduce stigma around seeking mental health care. Visit https://www.mvp.va.gov or call 866-441-6075 to learn more and join today.

    https://www.youtube.com/watch?v=2f_BMyO8QKY

    MIL OSI Video –

  • MIL-OSI Video: Mental Health Research is Helping to Personalize Treatment for Veterans

    Source: United States of America – Federal Government Departments (video statements)

    VA’s Million Veteran Program (MVP) is making health discoveries in areas that matter to Veterans—including mental health, PTSD, and more. Learn how MVP’s research is helping to pave the way for a future of personalized mental health care for all Veterans. Visit https://www.mvp.va.gov or call 866-441-6075 to learn more and join today.

    https://www.youtube.com/watch?v=pIynfdXbIm8

    MIL OSI Video –

  • MIL-OSI Video: Helping Veterans Beyond Research

    Source: United States of America – Federal Government Departments (video statements)

    VA’s Million Veteran Program (MVP) is making health discoveries in areas that matter to Veterans—including mental health, PTSD, and more. Learn why MVP’s research is helping to change lives and the future of Veteran mental health care. Visit https://www.mvp.va.gov or call 866-441-6075 to learn more and join today.

    https://www.youtube.com/watch?v=HYRKFBZOfZg

    MIL OSI Video –

  • MIL-OSI Video: The Power of MVP’s Research

    Source: United States of America – Federal Government Departments (video statements)

    VA’s Million Veteran Program (MVP) is making health discoveries in areas that matter to Veterans—including mental health, PTSD, and more. Find out how MVP, VA’s largest research effort, is paving the way for improved Veteran health care and mental health research thanks to 1,000,000+ Veteran participants. Visit https://www.mvp.va.gov or call 866-441-6075 to learn more and join today.

    https://www.youtube.com/watch?v=V50pNCqaeXc

    MIL OSI Video –

  • MIL-OSI Video: Sudan, Chad, South Sudan & other topics – Daily Press Briefing | United Nations

    Source: United Nations (Video News)

    Noon briefing by Farhan Haq, Deputy Spokesperson for the Secretary-General.

    ———————————

    Highlights:

    Sudan
    Chad
    South Sudan
    Yemen
    Occupied Palestinian Territory
    Democratic Republic of the Congo / Humanitarian
    Democratic Republic of the Congo
    Libya
    Ukraine
    Security Council
    Human Development Report
    Science, Technology and Innovation

    SUDAN
    Our humanitarian colleagues said they’re deeply concerned by the intensifying drone attacks on civilian infrastructure in Port Sudan, in the east of the country. Early this morning, drone attacks reportedly struck the airport area, a fuel storage facility and a power transformer.
    While no UN personnel or facilities were directly affected by the strikes, OCHA said that the latest violence poses a growing risk to the safety of humanitarian staff and operations with flights of the UN Humanitarian Air Service both to and from Port Sudan still on hold.
    Elsewhere in the country, prolonged power outages due to drone attacks targeting power stations and facilities continue to disrupt civilian life. This is the case in Northern State, where a one-month power blackout prevented farmers from running electrical water pumps, leading to the destruction of more than 84 square kilometres of crops. And in River Nile State, the targeted destruction of power infrastructure has led to severe water supply shortages.
    Despite hostilities, we continue to provide assistance to the most vulnerable people. In East Darfur, humanitarian organizations are mobilizing aid for 35,000 people in the town of Ed Daein who fled there from Khartoum and Aj Jazirah States. And in Kassala State, we are scaling up water, sanitation and hygiene efforts and public health outreach to curb the spread of hepatitis E.

    CHAD
    And staying in the region, the UN Refugee Agency is gravely concerned by the rapidly increasing number of Sudanese refugees crossing into eastern Chad. Nearly 20,000 people – mostly women and children – have arrived there in the past two weeks alone.
    This sudden influx reflects the escalating violence in Sudan’s North Darfur region, particularly in and around El Fasher, which is triggering mass displacement. Refugees arriving in Chad report that over 10,000 people are still en route, trying to reach the border to escape the violence.
    A rapid protection assessment by UNHCR and its partners indicates that 76 per cent of the newly arrived refugees were subjected to serious protection incidents, including extortion, theft and sexual violence.
    Chad already hosts 1.3 million refugees, including 794,000 arrivals from Sudan since the conflict started more than two years ago. While the country continues to show remarkable solidarity in hosting refugees, it cannot bear this burden alone.
    UNHCR urges the international community to urgently step up support for the response. Only 20 per cent of the $409 million required to respond to the refugee crisis in Chad has been funded.

    SOUTH SUDAN
    Our peacekeeping colleagues in South Sudan tell us of continued air strikes in Fangak, a remote county in Jonglei state. According to reports received by the Mission last night, further aerial bombardments have allegedly taken place in and around New Fangak town, residential areas near the Phow river, and other locations.
    The Mission is working with all partners to verify civilian displacement figures, facilitate assistance for communities who have been affected by these events, and reduce tensions. Guang Cong, the Mission’s Deputy Special Representative, said that such attacks contravene the Revitalized Peace Agreement and severely undermine efforts to build lasting peace in the country. He called on involved parties to prioritize civilian protection by pursuing an immediate ceasefire.

    YEMEN
    Hans Grundberg, the UN Special Envoy for Yemen, said that the aerial attack carried out by Ansar Allah on Ben Gurion Airport in Israel, followed by strikes in response by Israel on Sana’a Airport and Hudaydah port in Yemen, mark a grave escalation in an already fragile and volatile regional context.
    Mr. Grundberg once again urges all stakeholders to exercise the utmost restraint and refrain from escalatory actions that risk inflicting further suffering on civilians. It is imperative that all actors uphold their obligations under international law to protect civilians and civilian infrastructure.
    A return to dialogue is the only sustainable path towards ensuring lasting safety and security for Yemen and the broader region, the Special Envoy said.

    Full Highlights:
    https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=06%20May%202025

    https://www.youtube.com/watch?v=jXOEa0YwZEM

    MIL OSI Video –

  • MIL-OSI: UNICOM Engineering Announces Strategic Partnership with E4 Computer Engineering to Deliver Advanced AI Infrastructure Solutions

    Source: GlobeNewswire (MIL-OSI)

    CANTON, Mass., May 07, 2025 (GLOBE NEWSWIRE) — UNICOM Engineering announces a strategic partnership with E4 Computer Engineering, the Italian leader in High-Performance Computing (HPC) and AI-driven solutions. This collaboration expands UNICOM Engineering’s presence in the European market by offering comprehensive, integrated AI infrastructure solutions designed to accelerate deployment and optimize performance.

    The partnership combines UNICOM Engineering’s expertise in liquid cooling technologies and custom server solutions with E4’s extensive experience designing and deploying advanced HPC-AI and dense compute solutions across various sectors, including Research and Development, Banking, Government, Automotive, and Aerospace.

    “This strategic partnership with E4 Computer Engineering represents an important step in our European expansion strategy,” said Rusty Cone, General Manager of UNICOM Engineering. “Combining our engineering expertise and technology portfolio with E4’s market presence and industry knowledge, we’re uniquely positioned to deliver the next generation of AI-ready infrastructure solutions to the European market. Together, we’re enabling our customers to accelerate their AI initiatives while addressing critical challenges around power efficiency and sustainability.”

    Accelerating AI Adoption Through Advanced Infrastructure

    The partnership aims to deliver comprehensive infrastructure solutions optimized for AI workloads, including systems powered by the latest accelerated computing technologies. UNICOM Engineering brings its expertise in developing thermal management and immersion cooling solutions, which are crucial for handling the intense power densities of modern AI systems, while E4 contributes its extensive experience in designing, deploying, and supporting complex HPC and AI environments.

    “Organizations across EMEA are looking forward to harnessing the transformative potential of AI, but face significant infrastructure challenges,” said Cosimo Damiano Gianfreda, CEO and Co-founder of E4. “Our partnership with UNICOM Engineering allows E4 to address these challenges head-on, providing our customers with purpose-built solutions that deliver the performance they need while meeting their sustainability goals. We’re excited to combine our expertise to drive AI innovation across the Italian and Swiss markets.”

    This partnership enables enterprises to achieve faster time to value for their AI investments, with infrastructure solutions designed to deliver optimal performance while addressing the power and cooling challenges that often complicate AI deployments.

    About UNICOM Engineering
    UNICOM Engineering is a leading provider of purpose-built application platforms, appliances, and life cycle deployment services for solution providers and OEMs serving the global data center, storage, security, communications, video, and healthcare IT markets. We are best known for our solution design technologies, integration expertise, and unique deployment capabilities. Our turnkey platforms and appliances are designed for longevity and backed by life cycle management services. We create products and business solutions that solve deployment challenges, accelerate time to market, reduce ownership costs, and increase business efficiencies. For more information, visit www.unicomengineering.com.

    About E4
    E4 is an Italian provider of High-Performance Computing (HPC) and AI-driven solutions. With a strong focus on innovation and technical excellence, E4 designs, develops, and delivers advanced computing systems and services to research institutions, enterprises, and government organizations. The company’s expertise spans various sectors, including scientific research, finance, automotive, aerospace and more. E4 is dedicated to helping its customers harness the power of cutting-edge technologies to drive innovation and achieve their strategic objectives. For more information, visit www.e4company.com.

    Media Contacts

    UNICOM Engineering Contact:
    Lisa Ryan
    lisa.ryan@unicomengineering.com

    E4 Contact:
    Maria Chiara Marchi
    mariachiara.marchi@e4company.com

    The MIL Network –

  • MIL-OSI: Form 8.3 – Alpha Group International plc

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: Jupiter Fund Management Plc
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		  
    (c)   Name of Offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 Alpha Group International plc
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)   Date position held:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 6th May 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 No

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 0.2p ordinary
      Interests Short positions
      Number % Number %
    (1)   Relevant securities owned and/or controlled: 643,714 1.51%    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        

            TOTAL:

    		 643,714 1.51%    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists: None
    Details, including nature of the rights concerned and relevant percentages: None

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    N/A      

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        
             

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit
    NONE        

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    None      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 7th May 2025
    Contact name: Claire Rodway
    Telephone number: 0203 817 1441

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: ProLogium Collaborates with Kyushu Electric on Next-Gen Batteries for Heavy Machinery

    Source: GlobeNewswire (MIL-OSI)

    TAIPEI, Taiwan, May 07, 2025 (GLOBE NEWSWIRE) — ProLogium Technology, the global leader in LCB-based next-generation battery innovation, today announced a strategic partnership with Japan’s Kyushu Electric Power. Together, the two companies will co-develop a 24V LCB (Lithium Ceramic Battery) module tailored for construction machinery applications, with plans to jointly unveil the technology at CES 2026.

    This collaboration marks another significant milestone in ProLogium’s global new energy strategy, showcasing its technological prowess and growing market influence. Looking ahead, the two parties will continue deepening their cooperation—expanding the deployment of clean energy solutions not only in construction but also across broader energy sectors, paving the way for a more sustainable industrial future.

    Synergy-Driven Innovation for Heavy Machinery

    This partnership combines ProLogium’s cutting-edge battery technology with Kyushu Electric Power’s expertise in module design and end-user integration. The result: a high-performance, durable, and versatile energy solution tailored to the demanding operational needs of construction machinery. ProLogium will supply its industry-leading lithium ceramic batteries, while Kyushu Electric Power will take the lead in developing the 24V modules and integrating them into heavy equipment for end users.

    Compared to conventional lithium-ion batteries, ProLogium’s LCB modules offer several compelling advantages:

    • Enhanced Safety: ProLogium’s next-generation battery utilizes a fully inorganic electrolyte and highly stable cathode and anode materials, effectively minimizing risks of thermal runaway and fire. It is equipped with an Active Safety Mechanism (ASM) that automatically activates under high-temperature conditions, significantly improving safety performance in demanding operational environments.
    • High Energy Density: Without compromising safety, ProLogium employs high-activity materials such as a 100% silicon composite anode to substantially boost energy density. This allows for a more compact and lightweight battery pack while delivering outstanding range and power performance—ideal for heavy machinery where both performance and space efficiency are critical.
    • Outstanding Low-Temperature Performance: Engineered to operate reliably in extreme cold, the battery ensures stable operation and sustained power output, supporting heavy machinery in prolonged, high-intensity tasks under low-temperature conditions.
    • Fast Charging × Durability for Optimized Operational Efficiency: With outstanding fast-charging capability, ProLogium batteries significantly reduce charging time, lowering equipment downtime and replacement frequency. This not only eases the burden of procuring backup vehicles but also enhances operational continuity. Coupled with long service life and high performance, the solution offers greater stability, reduced maintenance costs, and improved overall operational efficiency.

    The collaboration will make its first public appearance at CES 2026, where the companies will jointly showcase their technical achievements and engage with potential partners.

    Advancing Low-Carbon Transformation in the Heavy Industry Sector

    Beyond improving operational efficiency, the partnership aims to promote greener, more resource-efficient industrial practices. By cutting carbon emissions, reducing pollution, and increasing energy utilization, ProLogium and Kyushu Electric Power aspire to offer sustainable battery solutions for the future. ProLogium’s next-gen LCBs maintain stable performance under harsh environmental conditions—maximizing energy efficiency.

    The collaboration aligns with global trends toward carbon neutrality and green technology, leading the construction machinery industry toward a cleaner, low-carbon future. With its high safety standards, energy density, fast-charging capability, and excellent low-temperature discharge performance, ProLogium’s lithium ceramic battery is not only ideal for electric vehicles but also well-suited for heavy-duty applications and beyond.

    Vincent Yang, founder and chairman of ProLogium stated:

    “As the world accelerates its shift toward sustainability, electrification in construction and heavy industries is both urgent and inevitable. We are honored to partner with Kyushu Electric Power to bring our next-generation LCB technology into the heavy machinery sector, elevating energy efficiency, safety, and endurance.

    Together, we are committed to advancing green energy transformation and building a low-carbon, sustainable future. This partnership enables us to deliver longer-range energy solutions for heavy-duty operations, enhance productivity with fast-charging capabilities, and ensure stable battery performance in extreme cold—all contributing to the electrification of heavy industry and a cleaner future for global infrastructure.”

    The MIL Network –

  • MIL-OSI: Form 8.3 – AXA INVESTMENT MANAGERS: Alpha Group International plc

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: AXA Investment Managers S.A.
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		  
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 Alpha Group International plc
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 02 May 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”

    NO

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 0.2p ordinary
      Interests Short positions
      Number % Number %
    (1)   Relevant securities owned and/or controlled: 932,719 2.20    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 932,719 2.20    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
           

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
             

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
                   

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit
             

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
           

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
    None

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
    None

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 07 May 2025
    Contact name: Mireille KAHINDO
    Telephone number*: +33 1 44 45 97 45

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: VC VentureX Rebalances Portfolio Ahead of Anticipated Altcoin Supercycle in 2025

    Source: GlobeNewswire (MIL-OSI)

    Understanding the potential of the altcoin market with VentureX.

    LONDON, May 07, 2025 (GLOBE NEWSWIRE) — VC VentureX, a forward-looking blockchain venture capital firm, today announced strategic portfolio adjustments in Q2 2025 as it positions for an expected “altcoin supercycle.” With macroeconomic tailwinds strengthening and the cryptocurrency market dynamics evolving, VC VentureX is decisively reallocating capital into key altcoins. The firm believes Bitcoin’s market dominance is nearing a peak signaling an imminent rotation of capital into alternative cryptocurrencies and is gearing up to capitalize on the next phase of crypto market growth.

    Market Context: Macro Tailwinds and Capital Rotation

    Global economic conditions in 2025 are increasingly favorable for high-growth assets like cryptocurrencies. Easing inflation and shifts in central bank policies are improving liquidity, which could fuel a broad crypto rally. Historically, lower inflation and interest rate cuts inject liquidity into markets, often driving significant altcoin rallies. VC VentureX notes that major central banks are pivoting toward a more accommodative stance, a trend that could trigger an altcoin season much like the liquidity-fueled boom of 2020–2021.

    This bullish outlook is reinforced by historical market cycles. Bitcoin’s dominance has historically set the stage for outsized gains across the crypto sector. Typically, Bitcoin surges to new highs, then investors rotate profits into altcoins, lifting the entire market. VC VentureX analysts point out that Bitcoin’s market dominance now at multi-year highs tends to peak and then decline as capital flows into altcoins, signaling potential for a major altcoin cycle ahead.

    “Market indicators suggest that Bitcoin’s dominance lead is likely to ebb, paving the way for a broad-based altcoin rally, much as we’ve seen in past cycles,” said Markus Weber, CEO at VC VentureX. Historical data shows altcoin seasons typically begin once Bitcoin’s initial rally slows. “We’ve been anticipating this capital rotation into altcoins, and our Q2 moves reflect that conviction,” Weber added.

    Strategic Portfolio Moves in Q2 2025

    In line with its outlook, VC VentureX has rebalanced its crypto portfolio to increase exposure to high-conviction altcoins while trimming positions in select assets. Key adjustments this quarter include:

    • Ethereum (ETH): Additional purchase – 12,752 ETH, underscoring Ethereum’s status as the leading smart contract platform and bellwether for the altcoin market.
    • Litecoin (LTC): Additional purchase – 41,485 LTC, recognizing Litecoin’s strong network fundamentals and growing institutional recognition.
    • Aave (AAVE): New purchase – 54,268 AAVE, viewed as undervalued and poised to benefit from increasing institutional and retail adoption.
    • Bitcoin Cash (BCH): New purchase – 24,189 BCH, aligning with the thesis that top-tier, utility-driven altcoins will lead the next growth phase.
    • Sui (SUI): Partial sale – 1,958,945 SUI, due to concerns about upcoming token unlocks and liquidity impacts.

    Portfolio Transaction Summary:

    • Ethereum (ETH): Additional purchase – 12,752 ETH
    • Litecoin (LTC): Additional purchase – 41,485 LTC
    • Aave (AAVE): New purchase – 54,268 AAVE
    • Bitcoin Cash (BCH): New purchase – 24,189 BCH
    • Sui (SUI): Partial sale – 1,958,945 SUI

    These portfolio moves showcase VC VentureX’s decisiveness and adaptive strategy in a rapidly changing market. The firm’s forward-looking philosophy centers on anticipating major inflection points such as the rotation from Bitcoin to altcoins and acting with conviction. VC VentureX’s investment approach is grounded in proactive research and the courage to pivot when the data calls for it. In Q2, the firm realigned its holdings to maximize exposure to what it believes are the next drivers of crypto value.

    Thematic Insights: Why VC VentureX Is Bullish on Altcoins

    Underpinning VC VentureX’s strategy are several key themes signaling heightened opportunities for altcoins:

    • Improving Market Liquidity & Institutional Adoption: Favorable macroeconomic conditions and increasing regulatory clarity are boosting altcoin growth. Institutional participation via new investment vehicles accelerates mainstream adoption, benefiting quality altcoins like ETH, LTC, and BCH.
    • Maturation of Decentralized Finance: DeFi’s evolving landscape, exemplified by platforms like Aave, demonstrates sustainable growth and increased institutional integration.
    • Ethereum’s Ecosystem and Layer-2 Innovation: Ethereum’s scalability improvements and surging Layer-2 adoption significantly enhance its appeal and market value, positioning ETH and related assets as central beneficiaries of the coming altcoin supercycle.
    • Broader Adoption and Crypto Conviction: The crypto industry’s robust infrastructure, expanding narratives, and diversified innovation across payments, gaming, and decentralized applications indicate a broader, more resilient altcoin cycle.

    Future-Focused Outlook and Preparedness

    With these strategic moves, VC VentureX signals its readiness and enthusiasm for what lies ahead. The firm’s leadership maintains its high-conviction outlook that an altcoin supercycle is on the horizon. Early signs of altcoin strength, rising trading volumes, and evolving market dynamics reinforce the firm’s proactive positioning.

    VC VentureX remains vigilant, continuously monitoring market indicators to adapt swiftly and strategically. “We’ve positioned our portfolio proactively for this next wave,” said Emma Johansson, Portfolio Manager at VC VentureX. “Our decisive reallocation in Q2 is a testament to our conviction. VC VentureX is prepared, financially and philosophically, to navigate the coming altcoin cycle confidently.”

    As the crypto market enters this new chapter, VC VentureX stands committed to its forward-looking strategy. Guided by robust research and a long-term vision of blockchain’s transformative potential, the firm embraces the future, eager to participate in and drive the next altcoin supercycle.

    Media Contact:
    Carlos Hernandez – CMO
    VC VentureX
    hello@vcventurex.com
    https://vcventurex.com/

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ce351d0a-aaf7-4150-ae3d-39cb96d08be5

    The MIL Network –

  • MIL-OSI: IdentityIQ $1 Free Trial [2025] Top Identity And Credit Protection Services!

    Source: GlobeNewswire (MIL-OSI)

    Temecula, CA, May 07, 2025 (GLOBE NEWSWIRE) —

    IdentityIQ, a leading provider of identity theft protection and credit monitoring services, is offering a 7-day trial for just $1 in 2025. The initiative aims to provide individuals and families affordable access to comprehensive identity protection solutions.

    ⇒ Get Premium Protection with IdentityIQ Free Trial Offer!

    With the increasing prevalence of cyber threats and identity fraud, IdentityIQ’s free trial for $1 only offers users the opportunity to experience its robust suite of identity protection solutions before committing. The 7-day trial includes real-time credit monitoring, dark web surveillance, and up to one million dollars in identity theft insurance coverage. 

    The trial also contains features like identity theft monitoring and application alerts, allowing users to test features for safeguarding against various forms of identity fraud.

    To enroll in the IdentityIQ trial offer, user can visit IdentityIQ.com and select a plan that best suits their needs. After the trial period, users have the option to continue with a full subscription, ensuring uninterrupted protection.

    ⇒ Experience Top-Tier Identity Protection with IdentityIQ Free Trial!

    About IdentityIQ

    Founded in 2009, IdentityIQ is committed to delivering top-tier identity theft protection and credit monitoring services. The company offers a range of plans designed to meet the diverse needs of its clientele. 

    IdentityIQ provides the tools necessary to navigate the digital landscape securely. With a multi-layered approach to digital security, IdentityIQ offers comprehensive services, including real-time credit monitoring, dark web surveillance, and up to $1 million in identity theft insurance. Their Enhanced Credit Monitoring provides users with alerts on critical changes, such as the addition of authorized users or significant fluctuations in credit scores, enabling early detection of potential fraud.

    IdentityIQ’s commitment extends to providing personalized support through a U.S.-based customer care team and a dedicated fraud restoration team. 

    In the event of identity theft, the company offers comprehensive assistance, including legal support and reimbursement for stolen funds, ensuring users can recover with minimal disruption.

    ⇒ Start strong with the IdentityIQ $1 free trial and full features!

    Why IdentityIQ is Essential in 2025

    Digital threats have become more sophisticated today, making identity protection a necessity for everyone. IdentityIQ stands out as an essential service in 2025, offering comprehensive identity theft protection and credit monitoring. Their proactive approach, combined with user-friendly tools and dedicated support, protects individuals against online threats. 

    IdentityIQ offers comprehensive services to safeguard personal and financial information. Their plans include real-time credit monitoring, dark web surveillance, and up to $1 million in identity theft insurance, providing users with robust protection against potential breaches.

    ⇒ Protect your financial future with IdentityIQ $1 free trial!

    IdentityIQ’s credit monitoring services keep a vigilant eye on users’ credit reports, alerting them to any significant changes. This proactive approach enables individuals to respond swiftly to unauthorized activities, minimizing potential damage. 

    The company’s dark web surveillance scans for personal information that may have been compromised. If sensitive data is detected, IdentityIQ promptly notifies the user, allowing immediate action to prevent misuse. This feature is crucial in an era where cybercriminals frequently trade stolen information online.

    Additionally, IdentityIQ’s identity theft insurance offers financial protection, covering expenses related to identity restoration. This includes reimbursement for lost wages, legal fees, and other costs incurred during the recovery process. Such coverage provides peace of mind to users navigating the aftermath of identity theft. 

    ⇒ Detect threats early—start IdentityIQ $1 free trial today!

    The service’s user-friendly interface allows individuals to access their credit information and receive alerts easily. Users can monitor their credit scores, track changes, and receive timely notifications, facilitating informed financial decisions. This accessibility empowers users to take control of their financial health. 

    The company’s U.S.-based customer support team provides assistance during incidents of identity theft. They guide users through the recovery process, offering expert advice and support. This personalized service enhances the overall user experience.

    IdentityIQ offers flexible plans to cater to varying needs and budgets. From basic monitoring to comprehensive protection, users can select a plan that aligns with their requirements. This adaptability ensures that a broad audience can benefit from their services.

    ⇒ Your Identity Deserves the Best Defense – Try IdentityIQ!

    IdentityIQ Reviews: Features and User Experience 

    Advanced Identity Monitoring

    IdentityIQ extends its protection well beyond credit monitoring by tapping into a wide range of data sources to spot early signs of identity theft, especially across high-risk areas like the dark web and public databases.

    Dark Web Surveillance: IdentityIQ continuously scans the dark web, where stolen personal data is frequently bought and sold. Its thorough monitoring searches for exposed Social Security numbers, names, addresses, and other sensitive information that could indicate fraud.

    ⇒ Stay ahead of fraud with IdentityIQ $1 free trial protection!

    Criminal Record Alerts: The service keeps tabs on both national and international criminal databases, flagging any arrests or convictions linked to your name and date of birth. This vigilant tracking helps ensure you’re not mistakenly implicated if someone else uses your identity in legal trouble—a surprisingly common risk.

    Address Change Tracking: To prevent mail fraud and unauthorized account openings, IdentityIQ monitors both credit bureau data and the National Change of Address registry for any suspicious updates to your address. This dual-layered approach strengthens your defenses against fraudsters rerouting your personal information.

    Robust Family Identity Protection

    With identity theft increasingly targeting children, IdentityIQ offers essential safeguards for families. A 2018 Javelin Strategy & Research report found that over 1 million U.S. children were affected by identity theft in 2017, resulting in nearly $2.7 billion in losses. Shockingly, the majority of these victims were under age 7, and another 20% were between 8 and 12.

    IdentityIQ helps parents stay vigilant by offering monitoring services that track their child’s Social Security number and flag potential misuse. These tools allow families to act quickly and prevent serious damage before it starts.

    ⇒ Protect Your Identity and Finances with IdentityIQ Free Trial!

    Frequent Credit Reports & Scores

    Credit health plays a critical role in spotting identity theft, and IdentityIQ equips users with the ability to check their credit reports up to 12 times per year. This frequent access makes it easier to stay on top of your credit status, catch discrepancies early, and maintain a strong financial position.

    By delivering comprehensive identity monitoring, proactive family protection, and regular credit access, IdentityIQ offers a well-rounded defense against identity theft. Its services are designed not just to react to threats but to empower users to take control of their security in a constantly evolving digital landscape.

    Thorough SSN Monitoring

    IdentityIQ offers an enhanced level of protection with its robust Social Security Number (SSN) tracking capabilities. Unlike other identity theft services that only alert you if your SSN is used alongside unfamiliar names or addresses, IdentityIQ takes monitoring a step further. Their system notifies you every single time your SSN is used—no matter the context—giving you full visibility into any activity linked to your number.

    This proactive approach allows you to quickly detect potential threats and unauthorized use, ensuring you’re always a step ahead of identity thieves. With IdentityIQ’s real-time alerts and diligent SSN tracking, users gain greater control over their personal security, knowing their sensitive information is constantly under watch.

    ⇒ Secure Your Identity and Finance for Just $1 – Try IdentityIQ!

    Comprehensive Credit Monitoring

    IdentityIQ keeps a close eye on your credit, tracking data across all three major credit bureaus—Equifax, Experian, and TransUnion. Users receive timely alerts for any notable changes or suspicious activity within their credit files. Full three-bureau monitoring is included with the Secure Pro and Secure Max plans, while more basic plans provide single-bureau tracking.

    The service monitors a variety of credit-related factors, including:

    • Updates to personal information or address
    • Delinquent accounts or missed payments
    • New credit inquiries and loan applications
    • Court judgments, public records, and collections
    • New credit lines or loans in your name

    What sets IdentityIQ apart is its attention to detail. For instance, you’ll get notified when someone is added as an authorized user on your credit card or if a bank card suddenly exceeds its credit limit—alerts that can easily go unnoticed with other services. The platform also keeps tabs on changes in collection balances and closed accounts, adding deeper layers of vigilance.

    To fully activate these protective features, IdentityIQ does require you to share detailed personal information during setup, which can be a bit time-intensive. However, for users who are serious about safeguarding their financial identity, peace of mind and depth of protection make it a worthwhile investment.

    ⇒ Unlock your credit report using the IdentityIQ $1 free trial!

    Robust Identity Theft Insurance

    Restoring your identity after theft can be a daunting and expensive process, often requiring legal expertise. In the U.S., attorney fees typically range from $100 to $400 per hour, which can quickly add up. That’s where IdentityIQ’s identity theft insurance comes in, offering up to $1 million in coverage to protect against both direct losses and the hidden costs that come with reclaiming your identity.

    This extensive insurance package covers a wide range of incidents, including:

    Reimbursement for Stolen Funds

    If hackers drain your bank account through unauthorized electronic fund transfers, IdentityIQ’s insurance will reimburse the stolen amount, helping to cushion the financial blow.

    Legal Fees and Related Costs

    Identity theft recovery can involve legal battles. IdentityIQ’s policy covers legal fees and expenses, so you won’t have to shoulder the burden of high attorney costs alone. This is a standout feature, as other identity protection services don’t include legal coverage within their insurance plans.

    ⇒  Safeguard Your Identity with IdentityIQ Comprehensive Protection!

    Compensation for Lost Wages

    If your recovery process forces you to miss work, IdentityIQ provides wage reimbursement of up to $1,500 per week for as long as five weeks, ensuring that your financial stability isn’t compromised during this stressful period.

    Miscellaneous Expenses

    From postage and notarization fees to document replacement costs, the policy also reimburses a variety of incidental expenses tied to your identity recovery.

    While other identity protection services may offer similar $1 million insurance policies, IdentityIQ’s inclusion of legal and wage loss coverage gives it a clear advantage. This comprehensive safety net helps users feel more secure knowing they’re fully supported, both legally and financially, should identity theft occur.

    ⇒ Experience Proactive Identity Monitoring with IdentityIQ Today!

    Simple, Streamlined Dashboard

    Beyond its powerful features, what truly matters is how effortlessly you can manage them—and IdentityIQ delivers with its easy-to-navigate dashboard. Available via the IdentityIQ website, the dashboard offers a clear, at-a-glance summary of your credit status, identity monitoring alerts, and credit scores from all three major bureaus. It’s designed for clarity, with a feature list that lets you quickly identify any additional protections you might want to explore, such as monitoring for social media fraud.

    In your account settings, it’s simple to update personal details, change passwords, and manage security questions. You’ll also find direct access to your monthly credit report, monitoring preferences, and other tools that strengthen your identity security. For users with family coverage, there’s a dedicated option to easily add dependents under your plan, giving you full control of your family’s protection in one place.

    The dashboard is intuitive and performs smoothly on a desktop, offering a seamless experience. One thing to note: IdentityIQ doesn’t currently have a standalone mobile app, and while the web version works on mobile browsers, navigation can be a bit trickier on smaller screens. That said, the desktop platform remains a reliable and user-friendly hub for monitoring your identity.

    ⇒ Sign up for IdentityIQ $1 free trial and receive real-time alerts!

    Real-Time Alerts When It Matters Most

    In a world where cybercriminals strike fast and quietly, early detection is your best defense. IdentityIQ’s real-time alerts are built to keep you one step ahead. Without regular oversight, you might not notice fraudulent activity until it’s too late—but with IdentityIQ, you’re notified the moment suspicious activity appears on your account.

    Think of it as a 24/7 security system for your identity. From sudden changes in your credit report to unauthorized attempts to open new accounts, you’ll receive instant updates that allow you to take action quickly—potentially stopping fraud before it spirals out of control. These daily alerts empower you to respond immediately, giving you the upper hand in preventing financial loss and minimizing recovery time.

    Price Information

    With flexible plans starting at less than $8 per month, IdentityIQ makes robust identity protection accessible to a broad audience. Their services are designed to adapt to the evolving digital landscape, offering users peace of mind in an increasingly connected world.

    ⇒ Don’t wait—start the IdentityIQ $1 free trial instantly!

    User Experience – Real Buyer Reviews on TrustPilot

    Reviews of IdentityIQ often highlight outstanding customer service and strong identity protection. Many users commend the knowledgeable and patient representatives who help navigate credit disputes, data breaches, and security concerns. 

    Customers appreciate the platform’s ease of use, real-time alerts, and thorough support, which provide peace of mind and confidence in safeguarding personal information.

    ⇒ Take Control of Your Identity with IdentityIQ $1 Free Trial!

    IdentityIQ Stands Strong Against Persistent Identity Theft

    A user shared a powerful account of enduring two decades of severe identity theft, which led to bankruptcy and significant personal loss. Despite feeling abandoned by authorities and repeatedly targeted by a skilled fraudster, the user found steadfast support from IdentityIQ. For seven years, the company’s restoration team remained dedicated. They took the client’s case seriously and worked to help restore security. The user expressed deep gratitude to IdentityIQ, crediting their expertise and commitment to giving hope and inspiring the client to share the positive experience in a book.

    Exceptional Support and Credit Help from IdentityIQ

    A long-time customer praised IdentityIQ for its outstanding service and reliable credit protection. The reviewer highlighted the exceptional help received from a representative, who not only assisted in disputing items on their credit report but also helped their partner join the service. They added extra protection through IdentityIQ’s 24-hour automated identity monitoring and commendable customer service, which provided valuable advice on credit and first-time home buying.

    ⇒ Empower Yourself with a Comprehensive IdentityIQ Security Solution!

    Outstanding Support and Peace of Mind with IdentityIQ

    After experiencing a data breach, the reviewer turned to IdentityIQ and was impressed by the prompt and thorough support. Their representative provided professional, empathetic guidance and explained the platform’s features, including real-time alerts and detailed credit monitoring. With the customer representative’s help, the reviewer secured their personal and financial information. IdentityIQ’s swift response brought peace of mind, earning strong recommendations for its reliable identity protection.

    ⇒️ Try the IdentityIQ $1 free trial and safeguard your identity!

    Patient and Reassuring Service from IdentityIQ’s Fraud Team

    A reviewer praised IdentityIQ’s fraud team, highlighting the customer support team members for their patience and thorough assistance. Despite personal challenges, the reviewer felt supported and never rushed, as all of his questions were answered clearly. The attentive service provided reassurance and confidence, leaving the reviewer feeling secure and well cared for.

    Pros (Based on User Reviews):

    • Offers three-bureau credit monitoring
    • Includes $1 million identity theft insurance on all plans
    • Provides family protection options
    • User-friendly dashboard with real-time alerts
    • Offers antivirus and VPN add-ons

    Cons (Noted by Some Users):

    • Higher-tier plans can be more expensive
    • No social media monitoring features
    • Cancellation process can be cumbersome

    ⇒ Get real-time alerts fast with the IdentityIQ $1 free trial offer!

    Is IdentityIQ Worth It?

    If you’re serious about protecting your identity and credit, IdentityIQ offers a solid, well-rounded service that goes beyond the basics. Its standout features include three-bureau credit monitoring, real-time alerts, dark web surveillance, and $1 million in identity theft insurance—covering not just financial losses but also legal fees and lost wages. These elements work together to provide a comprehensive safety net that many other services don’t fully match.

    IdentityIQ is especially valuable if you want full visibility over your credit profile and need frequent credit report access (up to 12 times a year). The proactive SSN tracing and address monitoring also gives users an edge in spotting fraud early.

    That said, it may not be the cheapest option out there, and the lack of a dedicated mobile app might be a drawback for some. However, for those prioritizing in-depth monitoring and robust insurance protection, the investment is well justified.

    In short, if you’re looking for a thorough, proactive approach to identity protection, especially for families or individuals with heightened risk, IdentityIQ delivers strong value and peace of mind.

    ⇒ Join thousands of satisfied customers who trust IdentityIQ!

    Frequently Asked Questions

    Is IdentityIQ a scam?

    No, IdentityIQ is not a scam. Established in 2009, it has provided identity theft protection and credit monitoring services to over 2 million members. The company holds an A+ rating from the Better Business Bureau and offers features like real-time fraud alerts, dark web monitoring, and up to $1 million in identity theft insurance. 

    Is IdentityIQ legit?

    Yes, IdentityIQ is a legitimate identity protection service. It offers comprehensive monitoring of credit reports from all three major bureaus, dark web surveillance, and identity theft insurance. The service is recognized for its robust security measures and has received positive reviews from reputable sources. 

    What services does IdentityIQ offer?

    IdentityIQ provides identity theft protection, credit monitoring, dark web surveillance, and identity restoration services. Depending on the plan, it includes features like real-time alerts, credit score tracking, and up to $1 million in identity theft insurance. 

    How much does IdentityIQ cost?

    IdentityIQ offers four plans ranging from $6.99 to $32.99 per month. Each plan includes varying levels of credit monitoring, identity theft protection, and additional features like family protection and device security options. 

    Does IdentityIQ offer family protection?

    Yes, IdentityIQ’s higher-tier plans include family protection features. These plans monitor children’s Social Security numbers and provide insurance coverage for dependents, addressing identity theft concerns for families. 

    Can I cancel my IdentityIQ subscription easily?

    IdentityIQ allows cancellations through their customer care team or, where available, via the member dashboard. Some users have reported challenges with the cancellation process, so it’s advisable to review the terms and contact customer support for assistance. 

    Does IdentityIQ provide antivirus and VPN services?

    Yes, IdentityIQ partners with Bitdefender to offer antivirus and premium VPN protection for up to 10 devices. This service is available as an add-on to enhance online security and privacy. 

    Are there any drawbacks to using IdentityIQ?

    While IdentityIQ offers comprehensive protection, some users have noted drawbacks such as higher costs for advanced plans, lack of a free trial, and limited customer support options.

    How does IdentityIQ compare to other identity protection services?

    IdentityIQ is competitive in offering three-bureau credit monitoring and comprehensive identity theft protection. However, some competitors may offer additional features like social media monitoring or more user-friendly interfaces. 

    Is IdentityIQ suitable for first-time users?

    Yes, IdentityIQ is designed to be user-friendly, making it suitable for first-time users seeking identity theft protection and credit monitoring services. The platform offers a straightforward setup and access to customer support for assistance.

    Media Contact

    Company: IdentityIQ

    Contact Person: Michael M. Aldridge

    Email: customerservice@identityiq.com

    Address: 43454 Business Park Drive, Temecula, CA 92590, USA

    URL: https://www.identityiq.com/

    Phone: +1-877-875-4347

    Content Accuracy Disclaimer
    Every effort has been made to ensure the accuracy of the information presented in this article. However, due to the dynamic nature of product formulations, promotions, and availability, details may change without notice. The publisher makes no warranties or representations as to the current completeness or accuracy of any content, including product claims, pricing, or ingredient lists.
    It is the responsibility of the reader to verify product information directly through the official website or manufacturer prior to making a purchasing decision. Any reliance placed on the information in this article is done strictly at your own risk.
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    The publisher only promotes products that have been independently evaluated and deemed potentially beneficial to readers. However, this compensation may influence the content, topics, or products discussed in this article. The views and opinions expressed are those of the author and do not necessarily reflect the official policy or position of any affiliate partner or product provider.
    All product reviews and descriptions reflect the author’s honest opinion based on available public data, user feedback, and scientific references at the time of writing. The inclusion of affiliate links does not influence the objectivity or integrity of the content. However, readers are encouraged to independently verify product information and consult with healthcare professionals prior to purchase or use.
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    Product and Trademark Rights
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    Attachment

    The MIL Network –

  • MIL-OSI: Radware Reports First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    First Quarter 2025 Financial Results and Highlights

    • Revenue of $72.1 million, an increase of 11% year–over–year
    • Cloud ARR of $80 million, an increase of 19% year-over-year
    • Non-GAAP diluted EPS of $0.27 vs. $0.16 in Q1 2024; GAAP diluted EPS of $0.10 vs. $(0.03) in Q1 2024
    • Cash flow from operations of $22.4 million in Q1 and $72.9 million over the trailing 12 months

    TEL AVIV, Israel, May 07, 2025 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today announced its consolidated financial results for the first quarter ended March 31, 2025.

    “We had a strong start to 2025 with first quarter revenue rising 11% year-over-year, marking our third consecutive quarter of double-digit growth. In addition, our strong non-GAAP EPS growth and cash flow from operations reflect the high leverage in our business model,” said Roy Zisapel, Radware’s president and CEO.

    Financial Highlights for the First Quarter 2025
    Revenue for the first quarter of 2025 totaled $72.1 million:

    • Revenue in the Americas region was $27.4 million for the first quarter of 2025, an increase of 1% from $27.1 million in the first quarter of 2024.
    • Revenue in the Europe, Middle East, and Africa (“EMEA”) region was $28.4 million for the first quarter of 2025, an increase of 25% from $22.7 million in the first quarter of 2024.
    • Revenue in the Asia-Pacific (“APAC”) region was $16.3 million for the first quarter of 2025, an increase of 7% from $15.3 million in the first quarter of 2024.

    GAAP net income for the first quarter of 2025 was $4.3 million, or $0.10 per diluted share, compared to GAAP net loss of $1.2 million, or $(0.03) per diluted share, for the first quarter of 2024.

    Non-GAAP net income for the first quarter of 2025 was $11.8 million, or $0.27 per diluted share, compared to non-GAAP net income of $6.8 million, or $0.16 per diluted share, for the first quarter of 2024.

    As of March 31, 2025, the Company had cash, cash equivalents, short-term and long-term bank deposits, and marketable securities of $447.9 million. Cash flow from operations was $22.4 million in the first quarter of 2025.

    Non-GAAP results are calculated excluding, as applicable, the impact of stock-based compensation expenses, amortization of intangible assets, litigation costs, acquisition costs, restructuring costs, exchange rate differences, net on balance sheet items included in financial income, net, and tax-related adjustments. A reconciliation of each of the Company’s non-GAAP measures to the most directly comparable GAAP measure is included at the end of this press release.

    Conference Call
    Radware management will host a call today, May 7, 2025, at 8:30 a.m. EDT to discuss its first quarter 2025 results and second quarter 2025 outlook. To participate on the call, please use the following numbers:
    U.S. participants call toll free: 1-877-704-4453
    International participants call: 1-201-389-0920

    A replay will be available for seven days, starting two hours after the end of the call, on telephone number 1-844-512-2921 (US toll-free) or 1-412-317-6671. Access ID 13752770.

    The call will be webcast live on the Company’s website at: http://www.radware.com/IR/. The webcast will remain available for replay during the next 12 months.

    Use of Non-GAAP Financial Information and Key Performance Indicators
    In addition to reporting financial results in accordance with generally accepted accounting principles (GAAP), Radware uses non-GAAP measures of gross profit, research and development expense, selling and marketing expense, general and administrative expense, total operating expenses, operating income, financial income, net, income before taxes on income, taxes on income, net income and diluted earnings per share, which are adjustments from results based on GAAP to exclude, as applicable, stock-based compensation expenses, amortization of intangible assets, litigation costs, acquisition costs, restructuring costs, exchange rate differences, net on balance sheet items included in financial income, net, and tax–related adjustments. Management believes that exclusion of these charges allows for meaningful comparisons of operating results across past, present, and future periods. Radware’s management believes the non-GAAP financial measures provided in this release are useful to investors for the purpose of understanding and assessing Radware’s ongoing operations. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure is included with the financial information contained in this press release. Management uses both GAAP and non-GAAP financial measures in evaluating and operating the business and, as such, has determined that it is important to provide this information to investors.

    Annual recurring revenue (“ARR”) is a key performance indicator defined as the annualized value of booked orders for term-based cloud services, subscription licenses, and maintenance contracts that are in effect at the end of a reporting period. ARR should be viewed independently of revenue and deferred revenue and is not intended to be combined with or to replace either of those items. ARR is not a forecast of future revenue, which can be impacted by contract start and end dates and renewal rates and does not include revenue reported as perpetual license or professional services revenue in our consolidated statement of operations. We consider ARR a key performance indicator of the value of the recurring components of our business.

    Safe Harbor Statement
    This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs, or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could.” Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions, including as a result of the state of war declared in Israel in October 2023 and instability in the Middle East, the war in Ukraine, tensions between China and Taiwan, financial and credit market fluctuations (including elevated interest rates), impacts from tariffs or other trade restrictions, inflation, and the potential for regional or global recessions; our dependence on independent distributors to sell our products; our ability to manage our anticipated growth effectively; our business may be affected by sanctions, export controls, and similar measures, targeting Russia and other countries and territories, as well as other responses to Russia’s military conflict in Ukraine, including indefinite suspension of operations in Russia and dealings with Russian entities by many multi-national businesses across a variety of industries; the ability of vendors to provide our hardware platforms and components for the manufacture of our products; our ability to attract, train, and retain highly qualified personnel; intense competition in the market for cybersecurity and application delivery solutions and in our industry in general, and changes in the competitive landscape; our ability to develop new solutions and enhance existing solutions; the impact to our reputation and business in the event of real or perceived shortcomings, defects, or vulnerabilities in our solutions, if our end-users experience security breaches, or if our information technology systems and data, or those of our service providers and other contractors, are compromised by cyber-attackers or other malicious actors or by a critical system failure; our use of AI technologies that present regulatory, litigation, and reputational risks; risks related to the fact that our products must interoperate with operating systems, software applications and hardware that are developed by others; outages, interruptions, or delays in hosting services; the risks associated with our global operations, such as difficulties and costs of staffing and managing foreign operations, compliance costs arising from host country laws or regulations, partial or total expropriation, export duties and quotas, local tax exposure, economic or political instability, including as a result of insurrection, war, natural disasters, and major environmental, climate, or public health concerns; our net losses in the past and the possibility that we may incur losses in the future; a slowdown in the growth of the cybersecurity and application delivery solutions market or in the development of the market for our cloud-based solutions; long sales cycles for our solutions; risks and uncertainties relating to acquisitions or other investments; risks associated with doing business in countries with a history of corruption or with foreign governments; changes in foreign currency exchange rates; risks associated with undetected defects or errors in our products; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; laws, regulations, and industry standards affecting our business; compliance with open source and third-party licenses; complications with the design or implementation of our new enterprise resource planning (“ERP”) system; our reliance on information technology systems; our ESG disclosures and initiatives; and other factors and risks over which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, refer to Radware’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC), and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.

    About Radware
    Radware® (NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company’s cloud application, infrastructure, and API security solutions use AI-driven algorithms for precise, hands-free, real-time protection from the most sophisticated web, application, and DDoS attacks, API abuse, and bad bots. Enterprises and carriers worldwide rely on Radware’s solutions to address evolving cybersecurity challenges and protect their brands and business operations while reducing costs. For more information, please visit the Radware website.

    Radware encourages you to join our community and follow us on Facebook, LinkedIn, Radware Blog, X, and YouTube.

    ©2025 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents, and pending patent applications of Radware in the U.S. and other countries. For more details, please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.

    Radware believes the information in this document is accurate in all material respects as of its publication date. However, the information is provided without any express, statutory, or implied warranties and is subject to change without notice.

    The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release.

    CONTACTS
    Investor Relations:
    Yisca Erez, +972-72-3917211, ir@radware.com

    Media Contact:
    Gerri Dyrek, gerri.dyrek@radware.com

    Radware Ltd.
    Condensed Consolidated Balance Sheets
    (U.S. Dollars in thousands)
           
      March 31,   December 31,
      2025   2024
      (Unaudited)   (Unaudited)
    Assets      
           
    Current assets      
    Cash and cash equivalents 114,239   98,714
    Marketable securities 55,118   72,994
    Short-term bank deposits 122,361   104,073
    Trade receivables, net 25,036   16,823
    Other receivables and prepaid expenses 9,627   14,242
    Inventories 13,511   14,030
      339,892   320,876
           
    Long-term investments      
    Marketable securities 31,229   29,523
    Long-term bank deposits 124,968   114,354
    Other assets 2,203   2,171
      158,400   146,048
           
           
    Property and equipment, net 14,584   15,632
    Intangible assets, net 10,758   11,750
    Other long-term assets 36,492   37,906
    Operating lease right-of-use assets 17,560   18,456
    Goodwill 68,008   68,008
    Total assets 645,694   618,676
           
    Liabilities and equity      
           
    Current liabilities      
    Trade payables 3,646   5,581
    Deferred revenues 119,329   106,303
    Operating lease liabilities 4,642   4,750
    Other payables and accrued expenses 55,678   51,836
      183,295   168,470
           
    Long-term liabilities      
    Deferred revenues 69,505   64,708
    Operating lease liabilities 12,497   13,519
    Other long-term liabilities 14,319   14,904
      96,321   93,131
           
    Equity      
    Radware Ltd. equity      
    Share capital 756   754
    Additional paid-in capital 560,833   555,154
    Accumulated other comprehensive income (loss) (140)   1,103
    Treasury stock, at cost (366,588)   (366,588)
    Retained earnings 130,194   125,850
    Total Radware Ltd. shareholder’s equity 325,055   316,273
           
    Non–controlling interest 41,023   40,802
           
    Total equity 366,078   357,075
           
    Total liabilities and equity 645,694   618,676
    Radware Ltd.
    Condensed Consolidated Statements of Income (Loss)
    (U.S Dollars in thousands, except share and per share data)
             
        For the three months ended
        March 31,
        2025   2024
        (Unaudited)   (Unaudited)
             
    Revenues   72,079   65,085
    Cost of revenues   13,990   12,812
    Gross profit   58,089   52,273
             
    Operating expenses, net:        
    Research and development, net   18,776   18,896
    Selling and marketing   31,281   29,701
    General and administrative   6,463   7,339
    Total operating expenses, net   56,520   55,936
             
    Operating income (loss)   1,569   (3,663)
    Financial income, net   4,875   3,608
    Income (loss) before taxes on income   6,444   (55)
    Taxes on income   2,100   1,167
    Net income (loss)   4,344   (1,222)
             
    Basic net income (loss) per share attributed to Radware Ltd.’s shareholders   0.10   (0.03)
             
    Weighted average number of shares used to compute basic net income (loss) per share   42,663,787   41,750,203
             
    Diluted net income (loss) per share attributed to Radware Ltd.’s shareholders   0.10   (0.03)
             
    Weighted average number of shares used to compute diluted net income (loss) per share   44,192,474   41,750,203
    Radware Ltd.
    Reconciliation of GAAP to Non-GAAP Financial Information
    (U.S Dollars in thousands, except share and per share data)
           
      For the three months ended
      March 31,
      2025   2024
      (Unaudited)   (Unaudited)
    GAAP gross profit 58,089   52,273
    Share-based compensation 120   79
    Amortization of intangible assets 992   992
    Non-GAAP gross profit 59,201   53,344
           
    GAAP research and development, net 18,776   18,896
    Share-based compensation 1,223   1,722
    Non-GAAP Research and development, net 17,553   17,174
           
    GAAP selling and marketing 31,281   29,701
    Share-based compensation 3,076   2,551
    Non-GAAP selling and marketing 28,205   27,150
           
    GAAP general and administrative 6,463   7,339
    Share-based compensation 1,479   2,395
    Acquisition costs 153   220
    Non-GAAP general and administrative 4,831   4,724
           
    GAAP total operating expenses, net 56,520   55,936
    Share-based compensation 5,778   6,668
    Acquisition costs 153   220
    Non-GAAP total operating expenses, net 50,589   49,048
           
    GAAP operating income (loss) 1,569   (3,663)
    Share-based compensation 5,898   6,747
    Amortization of intangible assets 992   992
    Acquisition costs 153   220
    Non-GAAP operating income 8,612   4,296
           
    GAAP financial income, net 4,875   3,608
    Exchange rate differences, net on balance sheet items included in financial income, net 492   153
    Non-GAAP financial income, net 5,367   3,761
           
    GAAP income (loss) before taxes on income 6,444   (55)
    Share-based compensation 5,898   6,747
    Amortization of intangible assets 992   992
    Acquisition costs 153   220
    Exchange rate differences, net on balance sheet items included in financial income, net 492   153
    Non-GAAP income before taxes on income 13,979   8,057
           
    GAAP taxes on income 2,100   1,167
    Tax related adjustments 62   62
    Non-GAAP taxes on income 2,162   1,229
           
    GAAP net income (loss) 4,344   (1,222)
    Share-based compensation 5,898   6,747
    Amortization of intangible assets 992   992
    Acquisition costs 153   220
    Exchange rate differences, net on balance sheet items included in financial income, net 492   153
    Tax related adjustments (62)   (62)
    Non-GAAP net income 11,817   6,828
           
    GAAP diluted net income (loss) per share 0.10   (0.03)
    Share-based compensation 0.14   0.16
    Amortization of intangible assets 0.02   0.02
    Acquisition costs 0.00   0.01
    Exchange rate differences, net on balance sheet items included in financial income, net 0.01   0.00
    Tax related adjustments (0.00)   (0.00)
    Non-GAAP diluted net earnings per share 0.27   0.16
           
           
    Weighted average number of shares used to compute non-GAAP diluted net earnings per share 44,192,474   42,875,058
    Radware Ltd.
    Condensed Consolidated Statements of Cash Flow
    (U.S. Dollars in thousands)
             
        For the three months ended
        March 31,
        2025   2024
        (Unaudited)   (Unaudited)
    Cash flow from operating activities:        
             
    Net income (loss)   4,344   (1,222)
    Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
    Depreciation and amortization   3,152   2,943
    Share-based compensation   5,898   6,747
    Amortization of premium, accretion of discounts and accrued interest on marketable securities, net   (161)   (73)
    Decrease in accrued interest on bank deposits   (1,790)   (9)
    Increase (decrease) in accrued severance pay, net   61   (58)
    Increase in trade receivables, net   (8,213)   (219)
    Decrease (increase) in other receivables and prepaid expenses and other long-term assets   (186)   605
    Decrease in inventories   519   1,004
    Increase (decrease) in trade payables   (1,935)   1,406
    Increase in deferred revenues   17,823   8,894
    Increase in other payables and accrued expenses   3,164   1,483
    Operating lease liabilities, net   (234)   (379)
    Net cash provided by operating activities   22,442   21,122
             
    Cash flows from investing activities:        
             
    Purchase of property and equipment   (1,112)   (1,774)
    Proceeds from (investment in) other long-term assets, net   109   (25)
    Investment in bank deposits, net   (27,112)   (17,898)
    Investment in, redemption of and purchase of marketable securities ,net   16,194   3,502
    Proceeds from other deposits   5,000   –
    Net cash used in investing activities   (6,921)   (16,195)
             
    Cash flows from financing activities:        
             
    Proceeds from exercise of share options   4   –
    Repurchase of shares   –   (839)
    Net cash provided by (used in) financing activities   4   (839)
             
    Increase in cash and cash equivalents   15,525   4,088
    Cash and cash equivalents at the beginning of the period   98,714   70,538
    Cash and cash equivalents at the end of the period   114,239   74,626
    Radware Ltd.
    RECONCILIATION OF GAAP NET INCOME (LOSS) TO EBITDA AND ADJUSTED EBITDA (NON-GAAP)
    (U.S Dollars in thousands)
           
      For the three months ended
      March 31,
      2025   2024
      (Unaudited)   (Unaudited)
    GAAP net income (loss) 4,344   (1,222)
    Exclude: Financial income, net (4,875)   (3,608)
    Exclude: Depreciation and amortization expense 3,152   2,943
    Exclude: Taxes on income 2,100   1,167
    EBITDA 4,721   (720)
           
    Share-based compensation 5,898   6,747
    Acquisition costs 153   220
    Adjusted EBITDA 10,772   6,247
           
           
      For the three months ended
      March 31,
      2025   2024
           
    Amortization of intangible assets 992   992
    Depreciation 2,160   1,951
      3,152   2,943

    The MIL Network –

  • MIL-OSI Economics: Samsung Ads Reveals Interactive Ad Formats, the Samsung Television Network, and Full-Funnel Performance Solutions at NewFronts 2025

    Source: Samsung

    At IAB NewFronts 2025, Samsung Ads, the advanced advertising division of Samsung Electronics, is calling on brands to go beyond the status quo and unlock the full performance potential of connected TV (CTV).
    Kicking off the suite of announcements at NewFronts is the debut of STN, the Samsung Television Network, the broad-FAST channel of the future available exclusively on Samsung TV Plus, the #1 FAST app on Samsung Smart TVs. Offering an extensive slate of live sports, music, movies, and late-night programming, which will give brands unique opportunities to tap into the full power of the Samsung TV ecosystem at an unrivaled scale. Additionally, Samsung Ads is also unveiling a bold lineup of interactive and innovative, data-driven solutions including Optimal Reach, GameBreaks, Performance Conversion, and Data+, further transforming TV from a mass-reach channel into a powerful, performance-driven service built to achieve a multitude of advertiser KPIs.
    At the nexus of hardware, software, and advertising, Samsung Ads is transforming how brands connect with consumers across every screen. As the world’s #1 Smart TV brand for 19 years running with an unmatched ecosystem that spans across mobile and the entire connected home, over one billion consumers trust Samsung to power the moments that matter most. From interactive experiences to custom content, Samsung Ads turns attention into action and connects brands with audiences in the most meaningful and measurable ways.
    “It’s no longer enough for marketers to justify the status quo—they need breakthrough performance, and that’s exactly what Samsung Ads is built to deliver,” said Michael Scott, Vice President & Head of Ad Sales & Operations at Samsung Ads. “This year, we’re empowering our partners to go beyond the limits of traditional CTV with next-gen innovation, strategic partnerships, and tools that turn attention into action and media into measurable impact.”
    Samsung TV Plus Introduces Samsung Television Network; Doubles Down on Top Content Creators and Exclusive Partnerships
    Announced today, Samsung Television Network (STN) is a broad-FAST channel that brings viewers a curated selection of Samsung TV Plus’ most in-demand programming and A-list talent—from the Legends of Late Night David Letterman and Conan O’Brien to Emmy-winning series like Killing Eve—along with live sports and must-see events. Samsung Television Network will also serve as the live exclusive home for the Jonas Brothers’ upcoming tour. Advertisers can tap into the full power of Samsung’s TV ecosystem, elevating their brands around the network’s premier programming with touchpoints spanning the Samsung home screen, Samsung TV Plus UI, and interactive ads within commercial breaks.
    “As the #1 streaming service on Samsung TVs, we’re not just following viewer trends—we’re shaping them,” said Salek Brodsky, SVP and Global Head of Samsung TV Plus. “Through deep insights and personalized curation, we’re delivering the content audiences love in an unbeatable format. We’re rewriting the rules of streaming and teaming up with A-list talent to bring exclusive entertainment to the biggest screen in the home. This strategy has fueled more than 30% viewership growth this year, and with our newly announced partnerships, we’re positioning Samsung TV Plus for even greater momentum and market leadership in the year ahead.”

    Premium Programming and Exclusive Experiences
    Samsung TV Plus is experiencing a banner year for growth, surpassing 88 million monthly active users, and now offers an industry-leading lineup of nearly 700 channels in addition to its extensive on-demand library. With 92% of first-time viewers continuing to watch beyond the three-month mark—Samsung TV Plus outperforms the competition when it comes to viewer value and stickiness.
    Samsung TV Plus is a go-to partner for the biggest talent in the business—and to prove it, the ‘Legend of Late Night’ himself, David Letterman, joined Samsung on-stage during its NewFront presentation to discuss his award-winning, exclusive Samsung TV Plus channel, Letterman TV.
    Samsung TV Plus announced it is expanding its live event lineup with the Living the Dream Tour, offering fans exclusive access to the Jonas Brothers’ tour kicking off at MET LIFE Stadium on August 10th. Viewers can experience exhilarating performances, behind-the-scenes moments, and their favorite songs performed live—all from the biggest screen in the home.
    In another first, Samsung TV Plus is partnering with the global leader in podcasts, Spotify, to deliver a dedicated channel from ‘The Ringer,’ which is home to some of the most popular podcasts and most recognizable talent in sports and pop culture, exclusively to Samsung TV Plus. The channel will feature a curated lineup of video podcast episodes where fans can enjoy the best of their favorite shows such as Book of Basketball 2.0 with Bill Simmons, The Rewatchables, Higher Learning, and The Ringer-Verse, all in one place in a lean-back TV experience on the biggest screen in the house.
    Building on this momentum, the service unveiled its commitment to bringing standout creators to audiences nationwide, announcing new partnerships with some of the country’s top talent—including former NASA engineer turned mega-creator Mark Rober, whose STEM programming inspires and excites tens of millions of viewers across all ages along with top content creator Dhar Mann whose uplifting and inspiring family-friendly dramas tackle universal human truths.
    Additional content arriving on Samsung TV Plus:
    A-list Top Content Creators Take Center Stage
    Samsung TV Plus’s exclusive partnerships with Creators will feature new channels from top talent. Joining the service are Michelle Khare, Smosh, The Try Guys, Epic Gardening, The Sorry Girls, and Donut Media—bringing fan-favorite content that taps into passions from comedy, DIY, gardening, cars, and sustainability.

    VIP Access to the Biggest Moments
    Billboard: Launching this summer, through a new and exclusive partnership with Billboard, Samsung TV Plus is bringing the iconic brand to FAST. This new network will give fans VIP red carpet access to over 25 of the industry’s most iconic events, including live red carpets and coverage of tentpole cultural events, such as the Golden Globes and the Billboard Music Awards. Samsung TV Plus will also be the co-exclusive home for Billboard News, premiering new episodes weekly.

    Free Sports Streaming Just Got Even Bigger
    Samsung TV Plus now has one of the largest FAST sports offerings with over 50 channels and gives fans access to live local and national games from major and minor leagues with unparalleled sports coverage. New sports channels include Bally Sports Live with exclusive Minor League Baseball games and in-season NHL games from the Anaheim Ducks and the Dallas Stars with Victory+.

    From the Stage to Your Screen
    SMTOWN 2025: Samsung TV Plus is partnering with SM Entertainment to launch a dedicated SMTOWN channel, expanding its commitment to delivering the best-in-class K-Content to fans worldwide. The new channel will kick off with SMTOWN LIVE 2025 in L.A.—a star-studded 30th anniversary concert streaming live from Los Angeles on May 11, exclusively on Samsung TV Plus.

    MIL OSI Economics –

  • MIL-OSI Economics: W&T Offshore Announces First Quarter 2025 Results and Declares Dividend for Second Quarter of 2025

    Source: W & T Offshore Inc

    Headline: W&T Offshore Announces First Quarter 2025 Results and Declares Dividend for Second Quarter of 2025

    HOUSTON, May 06, 2025 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (“W&T,” the “Company,” “we” or “us”) today reported operational and financial results for the first quarter of 2025 and declared a second quarter 2025 dividend of $0.01 per share.

    This press release includes non-GAAP financial measures, including Adjusted Net Loss, Adjusted EBITDA, Free Cash Flow and Net Debt, which are described and reconciled to the most comparable GAAP measures in the accompanying tables to this press release under “Non-GAAP Information.”

    Key highlights for the first quarter of 2025 and through the date of this press release include:

    • Produced 30.5 thousand barrels of oil equivalent per day (“MBoe/d”) (52% liquids), towards the high end of guidance;
      • Announced that the West Delta 73 and Main Pass 108/98 fields were placed into production towards the end of March/early April with production expected to ramp up over the course of the second quarter of 2025;
    • Incurred lease operating expenses (“LOE”) of $71.0 million, below the low end of guidance;
    • Reported net loss of $30.6 million, or $(0.21) per diluted share;
      • Adjusted Net Loss totaled $19.1 million, or $(0.13) per diluted share, which primarily excludes the loss on extinguishment of debt and net unrealized gain on outstanding derivative contracts and the related tax effects;
    • Generated Adjusted EBITDA of $32.2 million, an increase of 2% over the fourth quarter of 2024;
    • Produced Free Cash Flow of $10.5 million;
    • Successfully refinanced, in January 2025, the Company’s $275.0 million 11.75% Senior Second Lien Notes due 2026 (the “11.75% Notes”) and $114.2 million outstanding amount under the term loan provided by Munich Re Risk Financing, Inc., as lender (the “MRE Term Loan”) with proceeds from the issuance of $350.0 million of 10.75% Senior Second Lien Notes due 2029 (the “10.75% Notes”) and available cash on hand;
      • Paid down and effectively reduced gross debt by approximately $39.0 million;
      • Enhanced liquidity by eliminating principal payments under the MRE Term Loan of $27.6 million in 2025, $25.4 million in 2026, $22.9 million in 2027 and $38.3 million in 2028;
      • Lowered interest rate on the Senior Second Lien Notes by 100 basis points;
    • Entered into a new $50.0 million revolving credit facility which matures in July 2028, and is undrawn, and the previous credit facility provided by Calculus Lending, LLC was concurrently terminated, with all outstanding obligations paid in full in connection with the termination;
    • Sold a non-core interest in Garden Banks Blocks 385 and 386 in January 2025, which included latest net production of approximately 195 barrels of oil equivalent per day (“Boe/d”) (72% oil) for $11.9 million, or over $60,000 per flowing barrel, after customary closing adjustments;
    • Received $58.5 million in cash for an insurance settlement related to the Mobile Bay 78-1 well, which further bolstered W&T’s balance sheet;
    • Reported unrestricted cash and cash equivalents of $105.9 million and Net Debt of $244.1 million at March 31, 2025;
    • Added natural gas costless collar hedges for 2025 including:
      • 50,000 million British Thermal Units per day (“MMBtu/d”) for March 2025, with a floor price of $3.88 per MMBtu and ceiling price of $5.13 per MMBtu;
      • 70,000 MMBtu/d for April to December 2025, with a volume-weighted average floor price and ceiling price of $4.02 per MMBtu and $5.32 per MMBtu, respectively;
    • Paid sixth consecutive quarterly dividend of $0.01 per common share in March 2025; and
      • Declared second quarter 2025 dividend of $0.01 per share, which will be payable on May 27, 2025 to stockholders of record on May 20, 2025.

    Tracy W. Krohn, W&T’s Chairman of the Board and Chief Executive Officer, commented, “We continue to successfully execute our strategic vision and have delivered another quarter of strong results in line with or above our guidance. We reported production at the high end of our guidance range and, more importantly, we have brought online the remaining two fields from the Cox acquisition, which we expect will meaningfully increase production for the remainder of 2025, as you can see from our second quarter and full year guidance. Acquisitions remain a key component of our success, and it is our ability to integrate and enhance the assets that we acquire that has allowed us to successfully operate for over 40 years. We generated solid Free Cash Flow and Adjusted EBITDA and we recorded lease operating expenses below the low end of our guidance. We will continue to focus on increasing our production, particularly our oil production, and managing our operating costs.”

    “Our balance sheet was strengthened in the first quarter of 2025 due to several key accomplishments. We successfully closed the issuance of new 10.75% Notes, entered into a new revolving credit facility and added material cash through a non-core disposition and an insurance settlement. The new 10.75% Notes have an interest rate 100 basis points lower than our 11.75% Notes and received improved credit ratings from S&P and Moody’s. We also received a $58.5 million cash insurance settlement payment related to a well impairment event. Finally, we sold a non-core interest in Garden Banks 385 and 386 for $11.9 million, after customary closing adjustments, at a value of over $60,000 per flowing barrel, which is highly accretive to W&T. We have over $100 million in cash on our balance sheet and remain prepared to take advantage of potential acquisitions. With the change in administration and the White House’s directives to Unleash American Energy, we also see promising developments in the regulatory environment for oil and gas companies. We are well positioned to continue to enhance our portfolio through additional accretive acquisition opportunities and are committed to enhancing shareholder value while returning value to our shareholders through the quarterly dividend program.”

    Production, Prices and Revenue: Production for the first quarter of 2025 was 30.5 MBoe/d, towards the high end of the Company’s first quarter guidance but down compared with 32.1 MBoe/d for the fourth quarter of 2024 and 35.1 MBoe/d for the corresponding period in 2024. The first quarter 2025 production decrease was due to freezing conditions that caused shut-ins during January 2025; however production has since recovered. First quarter 2025 production was comprised of 13.7 thousand barrels per day (“MBbl/d”) of oil (45%), 2.2 MBbl/d of natural gas liquids (“NGLs”) (7%), and 87.6 million cubic feet per day (“MMcf/d”) of natural gas (48%).

    W&T’s average realized price per Boe before realized derivative settlements was $46.50 per Boe in the first quarter of 2025, an increase of 17% from $39.86 per Boe in the fourth quarter of 2024 and an increase of 9% from $42.55 per Boe in the first quarter of 2024. First quarter 2025 oil, NGL and natural gas prices before realized derivative settlements were $71.31 per barrel of oil, $23.86 per barrel of NGL and $4.45 per Mcf of natural gas.

    Revenues for the first quarter of 2025 were $129.9 million, which was 8% higher than fourth quarter of 2024 revenues of $120.3 million due to higher realized prices, which was partially offset by lower production volumes. First quarter 2025 revenues were lower by 8% compared to $140.8 million of revenues in the first quarter of 2024 due to lower production volumes, partially offset by higher realized natural gas and NGL prices.

    Lease Operating Expenses: LOE, which includes base lease operating expenses, insurance premiums, workovers and facilities maintenance expenses, was $71.0 million in the first quarter of 2025, which was below the low end of the guidance range of $72.5 to $80.5 million. LOE came in lower than expected due to a combination of lower repair and maintenance costs, lower facility expenses and lower workover expense. LOE for the first quarter of 2025 was approximately 11% higher compared to $64.3 million in the fourth quarter of 2024. Lower LOE in the fourth quarter of 2024 was primarily driven by favorable audit adjustments and lower maintenance and repair work performed. LOE for the first quarter of 2025 was slightly higher than the $70.8 million for the corresponding period in 2024. On a component basis for the first quarter of 2025, base LOE and insurance premiums were $57.6 million, workovers were $2.0 million, and facilities maintenance and other expenses were $11.4 million. On a unit of production basis, LOE was $25.88 per Boe in the first quarter of 2025. This compares to $21.76 per Boe for the fourth quarter of 2024 and $22.14 per Boe for the corresponding period in 2024, reflecting a decrease in production in the period due to freezing conditions in January 2025.

    Gathering, Transportation Costs and Production Taxes: Gathering, transportation costs and production taxes totaled $5.7 million ($2.06 per Boe) in the first quarter of 2025, compared to $5.9 million ($2.00 per Boe) in the fourth quarter of 2024 and $7.5 million ($2.36 per Boe) in the first quarter of 2024. Gathering, transportation costs and production taxes decreased in the first quarter of 2025 from the prior quarters due to lower production volumes.

    Depreciation, Depletion and Amortization (“DD&A”): DD&A was $11.99 per Boe in the first quarter of 2025. This compares to $12.94 per Boe and $10.61 per Boe for the fourth quarter of 2024 and the first quarter of 2024, respectively.

    Asset Retirement Obligations Accretion: Asset retirement obligations accretion was $3.06 per Boe in the first quarter of 2025. This compares to $2.76 per Boe and $2.49 per Boe for the fourth quarter of 2024 and the first quarter of 2024, respectively.

    General & Administrative Expenses (“G&A”): G&A was $20.2 million for the first quarter of 2025, which decreased from $20.8 million in the fourth quarter of 2024 and $20.5 million in the first quarter of 2024 primarily due to decreases of share-based compensation and employee benefit costs partially offset by an increase in legal fees due to ongoing sureties litigation. On a unit of production basis, G&A was $7.35 per Boe in the first quarter of 2025 compared to $7.04 per Boe in the fourth quarter of 2024 and $6.41 per Boe in the corresponding period of 2024. These increases, on a per Boe basis, are related to lower production, as the absolute G&A costs were lower.

    Derivative Loss (Gain), net: In the first quarter of 2025, W&T recorded a net loss of $2.7 million with commodity derivative contracts comprised of $3.6 million of realized losses and $0.9 million of unrealized gains related to the increase in fair value of open contracts. W&T recognized a net loss of $2.1 million in the fourth quarter of 2024 and a net gain of $4.9 million in the first quarter of 2024 related to commodity derivative activities.

    To take advantage of the recent uptick in natural gas prices, W&T added costless collar hedges for March 2025 of 50,000 MMBtu/d with a floor price of $3.88 per MMBtu and ceiling price of $5.13 per MMBtu. For April to December 2025, the Company added similar costless collar hedges of 70,000 MMBtu/d with a volume-weighted average floor price and ceiling price of $4.02 per MMBtu and $5.32 per MMBtu, respectively.

    A summary of the Company’s outstanding derivative positions is provided in the investor presentation posted on W&T’s website.

    Interest Expense: Net interest expense in the first quarter of 2025 was $9.5 million compared to $10.2 million in the fourth quarter of 2024 and $10.1 million in the first quarter of 2024. These decreases reflect the impact of the Company’s debt refinancing in January 2025, which lowered overall debt by around $39 million and reduced the Senior Second Lien Notes’ coupon rate by 100 basis points.

    Income Tax (Benefit) Expense: W&T recognized an income tax benefit of $4.6 million in the first quarter of 2025. This compares to the recognition of an income tax benefit of $1.8 million in the fourth quarter of 2024 and an income tax expense of $1.0 million in the first quarter of 2024.

    Capital Expenditures and Asset Retirement Settlements: Capital expenditures on an accrual basis in the first quarter of 2025 were $8.5 million, and asset retirement settlement costs totaled $3.8 million. The Company continues to expect its full year capital expenditure budget to be between $34 million and $42 million, which excludes potential acquisition opportunities.

    Balance Sheet and Liquidity: As of March 31, 2025, W&T had available liquidity of $155.9 million comprised of $105.9 million in unrestricted cash and cash equivalents and $50.0 million of borrowing availability under W&T’s new revolving credit facility. As of March 31, 2025, the Company had total debt of $350.0 million and Net Debt of $244.1 million. As of March 31, 2025, Net Debt to trailing twelve months (“TTM”) Adjusted EBITDA was 1.8x.

    Debt Refinance: On January 28, 2025 W&T closed an offering of the 10.75% Notes at par in a private offering that was exempt from registration under the Securities Act of 1933, as amended. The Company used a portion of the proceeds from the 10.75% Notes offering, along with cash on hand to (i) purchase for cash pursuant to a tender offer, such of the Company’s outstanding 11.75% Notes that were validly tendered pursuant to the terms thereof; (ii) repay $114.2 million outstanding under the MRE Term Loan; (iii) fund the full redemption amount for an August 1, 2025 redemption of the remaining 11.75% Notes not validly tendered and accepted for purchase in the tender offer; and (iv) pay premiums, fees and expenses related to these transactions. On the closing date of the offering of the 10.75% Notes, the Company completed all actions necessary to satisfy and discharge the indenture governing the 11.75% Notes.

    In conjunction with the issuance of the 10.75% Notes, the Company entered into a new credit agreement which provides the Company with a revolving credit and letter of credit facility, with initial lending commitments of $50 million and with a letter of credit sublimit of $10 million. The credit facility matures on July 28, 2028.

    Concurrently with the debt refinance, W&T recorded a $15.0 million loss on the extinguishment of debt in the first quarter of 2025.

    Non-Core Asset Disposition

    In early 2025, W&T closed the sale of a non-core interest in Garden Banks Blocks 385 and 386, which included net production of approximately 195 Boe/d, for $11.9 million after normal purchase price adjustments. The effective date of the sale was December 1, 2024, and the transaction closed in January 2025. The impact to W&T’s reserves for year-end 2024 were minimal at about 0.12 MMBoe.

    Regulatory Update

    The change of Presidential administration in the early part of 2025 saw promising developments in the oil and natural gas regulatory environment. On January 20, 2025, President Trump issued Executive Order 14154, Unleashing American Energy. Section 3 of that Order directed heads of agencies to review existing regulations to identify agency actions that impose an undue burden on the identification, development, or use of domestic energy resources. The Trump administration also issued Executive Order 14156, Declaring a National Energy Emergency, stating that the United States’ insufficient energy production, transportation, refining, and generation constituted an unusual and extraordinary threat to the nation’s economy, national security, and foreign policy. Furthermore, on February 3, 2025, Secretary Burgum issued Secretarial Order 3418, Unleashing American Energy. Section 4(b) of that Order directed agency officials to prepare an action plan that will include steps to suspend, revise, or rescind certain regulations.

    As it pertains to W&T, on April 8, 2025, pursuant to the above directives from the Trump administration, the Department of Interior, through a joint filing in the U.S. District Court for the Western District of Louisiana (Case no. 2:24-cv-00820), indicated that it will not seek supplemental financial assurance in the Gulf of America except in the case of (a) sole liability properties and (b) certain non-sole liability properties that do not have a financially strong co-owner or predecessor in title and meet other conditions.

    In addition, the Trump administration has issued a number of executive orders aimed at streamlining regulations and reducing the regulatory burden on oil and natural gas companies, increasing federal oil and natural gas leasing, including in the Gulf of America, and expediting U.S. natural resource development.

    Cash Dividend Policy

    The Company paid its first quarter 2025 dividend of $0.01 per share on March 24, 2025 to stockholders of record on March 17, 2025.

    The Board of Directors declared a second quarter 2025 dividend of $0.01 per share which is to be paid on May 27, 2025 to stockholders of record on May 20, 2025.

    OPERATIONS UPDATE

    Well Recompletions and Workovers

    During the first quarter of 2025, the Company performed five workovers that positively impacted production for the quarter. W&T plans to continue performing these low cost and low risk short payout operations that impact both production and revenue.

    Second Quarter and Full Year 2025 Production and Expense Guidance

    The guidance for the second quarter and full year 2025 in the table below represents the Company’s current expectations. Please refer to the section entitled “Forward-Looking and Cautionary Statements” below for risk factors that could impact guidance.

         
    Production Second Quarter 2025 Full Year 2025
    Oil (MBbl) 1,295 – 1,435 5,150 – 5,690
    NGLs (MBbl) 210 – 235 1,020 – 1,140
    Natural gas (MMcf) 8,830 – 9,750 34,880 – 38,560
    Total equivalents (MBoe) 2,977 – 3,295 11,983 – 13,257
    Average daily equivalents (MBoe/d) 32.7 – 36.2 32.8 – 36.3
    Expenses Second Quarter 2025 Full Year 2025
    Lease operating expense ($MM) 71.3 – 78.9 280.0 – 310.0
    Gathering, transportation & production taxes ($MM) 6.6 – 7.4 27.1 – 30.1
    General & administrative – cash ($MM) 14.5 – 16.1 62.0 – 69.0
    General & administrative – non-cash ($MM) 2.4 – 2.8 10.1 – 11.3
    DD&A ($ per Boe)   13.40 – 14.90

    W&T expects substantially all income taxes in 2025 to be deferred. 

    Conference Call Information: W&T will hold a conference call to discuss its financial and operational results on Wednesday, May 7, 2025 at 11:00 a.m. Central Time (12:00 p.m. Eastern Time). Interested parties may dial 1-844-739-3797. International parties may dial 1-412-317-5713. Participants should request to connect to the “W&T Offshore Conference Call.” This call will also be webcast and available on W&T’s website at www.wtoffshore.com under “Investors.” An audio replay will be available on the Company’s website following the call.

    About W&T Offshore

    W&T Offshore, Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of America and has grown through acquisitions, exploration and development. As of March 31, 2025, the Company had working interests in 52 fields in federal and state waters (which include 45 fields in federal waters and seven in state waters). The Company has under lease approximately 634,700 gross acres (496,900 net acres) spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama, with approximately 487,200 gross acres on the conventional shelf, approximately 141,900 gross acres in the deepwater and 5,600 gross acres in Alabama state waters. A majority of the Company’s daily production is derived from wells it operates. For more information on W&T, please visit the Company’s website at www.wtoffshore.com.

    Forward-Looking and Cautionary Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this release, including those regarding the Company’s financial position, operating and financial performance, business strategy, plans and objectives of management for future operations, projected costs, industry conditions, potential acquisitions, sustainability initiatives, the impact of and integration of acquired assets, and indebtedness are forward-looking statements. When used in this release, forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “continue,” “anticipate,” “target,” “could,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may” or other words and similar expressions that convey the uncertainty of future events or outcomes, although not all forward-looking statements contain such identifying words. Items contemplating or making assumptions about actual or potential future production and sales, prices, market size, and trends or operating results also constitute such forward-looking statements.

    These forward-looking statements are based on the Company’s current expectations and assumptions about future events and speak only as of the date of this release. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, as results actually achieved may differ materially from expected results described in these statements. The Company does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements, unless required by law.

    Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ including, among other things, the regulatory environment, including availability or timing of, and conditions imposed on, obtaining and/or maintaining permits and approvals, including those necessary for drilling and/or development projects; the impact of current, pending and/or future laws and regulations, and of legislative and regulatory changes and other government activities, including those related to permitting, drilling, completion, well stimulation, operation, maintenance or abandonment of wells or facilities, managing energy, water, land, greenhouse gases or other emissions, protection of health, safety and the environment, or transportation, marketing and sale of the Company’s products; inflation levels; global economic trends, geopolitical risks and general economic and industry conditions, such as the global supply chain disruptions and the government interventions into the financial markets and economy in response to inflation levels and world health events; volatility of oil, NGL and natural gas prices; the global energy future, including the factors and trends that are expected to shape it, such as concerns about climate change and other air quality issues, the transition to a low-emission economy and the expected role of different energy sources; supply of and demand for oil, NGLs and natural gas, including due to the actions of foreign producers, importantly including OPEC and other major oil producing companies (“OPEC+”) and change in OPEC+’s production levels; disruptions to, capacity constraints in, or other limitations on the pipeline systems that deliver the Company’s oil and natural gas and other processing and transportation considerations; inability to generate sufficient cash flow from operations or to obtain adequate financing to fund capital expenditures, meet the Company’s working capital requirements or fund planned investments; price fluctuations and availability of natural gas and electricity; the Company’s ability to use derivative instruments to manage commodity price risk; the Company’s ability to meet the Company’s planned drilling schedule, including due to the Company’s ability to obtain permits on a timely basis or at all, and to successfully drill wells that produce oil and natural gas in commercially viable quantities; uncertainties associated with estimating proved reserves and related future cash flows; the Company’s ability to replace the Company’s reserves through exploration and development activities; drilling and production results, lower–than–expected production, reserves or resources from development projects or higher–than–expected decline rates; the Company’s ability to obtain timely and available drilling and completion equipment and crew availability and access to necessary resources for drilling, completing and operating wells; changes in tax laws; effects of competition; uncertainties and liabilities associated with acquired and divested assets; the Company’s ability to make acquisitions and successfully integrate any acquired businesses; asset impairments from commodity price declines; large or multiple customer defaults on contractual obligations, including defaults resulting from actual or potential insolvencies; geographical concentration of the Company’s operations; the creditworthiness and performance of the Company’s counterparties with respect to its hedges; impact of derivatives legislation affecting the Company’s ability to hedge; failure of risk management and ineffectiveness of internal controls; catastrophic events, including tropical storms, hurricanes, earthquakes, pandemics and other world health events; environmental risks and liabilities under U.S. federal, state, tribal and local laws and regulations (including remedial actions); potential liability resulting from pending or future litigation; the Company’s ability to recruit and/or retain key members of the Company’s senior management and key technical employees; information technology failures or cyberattacks; and governmental actions and political conditions, as well as the actions by other third parties that are beyond the Company’s control, and other factors discussed in W&T Offshore’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q found at www.sec.gov or at the Company’s website at www.wtoffshore.com under the Investor Relations section.

                       
    W&T OFFSHORE, INC.
    Condensed Consolidated Statements of Operations
    (In thousands, except per share data)
    (Unaudited)
                       
        Three Months Ended
        March 31,    December 31,    March 31, 
           2025        2024        2024  
    Revenues:                  
    Oil   $ 87,716     $ 86,778     $ 107,015  
    NGLs     4,772       6,713       7,469  
    Natural gas     35,109       24,203       21,616  
    Other     2,270       2,651       4,687  
    Total revenues     129,867       120,345       140,787  
                       
    Operating expenses:                  
    Lease operating expenses     71,012       64,259       70,830  
    Gathering, transportation and production taxes     5,659       5,912       7,540  
    Depreciation, depletion, and amortization     32,891       38,208       33,937  
    Asset retirement obligations accretion     8,392       8,157       7,969  
    General and administrative expenses     20,157       20,799       20,515  
    Total operating expenses     138,111       137,335       140,791  
                       
    Operating loss     (8,244 )     (16,990 )     (4 )
                       
    Interest expense, net     9,492       10,226       10,072  
    Loss on extinguishment of debt     15,015       —       —  
    Derivative loss (gain), net     2,757       2,113       (4,877 )
    Other (income) expense, net     (316 )     (4,118 )     5,230  
    Loss before income taxes     (35,192 )     (25,211 )     (10,429 )
    Income tax (benefit) expense     (4,615 )     (1,849 )     1,045  
    Net loss   $ (30,577 )   $ (23,362 )   $ (11,474 )
                       
    Net loss per common share (basic and diluted)   $ (0.21 )   $ (0.16 )   $ (0.08 )
                       
    Weighted average common shares outstanding (basic and diluted)     147,598       147,365       146,857  
                             
    W&T OFFSHORE, INC.
    Condensed Operating Data
    (Unaudited)
                             
        Three Months Ended
        March 31,    December 31,    March 31, 
        2025   2024   2024
    Net sales volumes:                        
    Oil (MBbls)     1,230       1,263       1,400  
    NGLs (MBbls)     200       273       343  
    Natural gas (MMcf)     7,884       8,505       8,733  
    Total oil and natural gas (MBoe) (1)     2,744       2,953       3,199  
                             
    Average daily equivalent sales (MBoe/d)     30.5       32.1       35.1  
                             
    Average realized sales prices (before the impact of derivative settlements):                        
    Oil ($/Bbl)   $ 71.31     $ 68.71     $ 76.44  
    NGLs ($/Bbl)     23.86       24.59       21.78  
    Natural gas ($/Mcf)     4.45       2.85       2.48  
    Barrel of oil equivalent ($/Boe)     46.50       39.86       42.55  
                             
    Average operating expenses per Boe ($/Boe):                        
    Lease operating expenses   $ 25.88     $ 21.76     $ 22.14  
    Gathering, transportation and production taxes     2.06       2.00       2.36  
    Depreciation, depletion, and amortization     11.99       12.94       10.61  
    Asset retirement obligations accretion     3.06       2.76       2.49  
    General and administrative expenses     7.35       7.04       6.41  
    (1) MBoe is determined using the ratio of six Mcf of natural gas to one Bbl of crude oil, condensate or NGLs (totals may not compute due to rounding). The conversion ratio does not assume price equivalency and the price on an equivalent basis for oil, NGLs and natural gas may differ significantly. The realized prices presented above are volume-weighted for production in the respective period.
                 
    W&T OFFSHORE, INC.
    Consolidated Balance Sheets
    (In thousands)
    (Unaudited)
                 
           March 31,    December 31, 
        2025     2024  
    Assets            
    Current assets:            
    Cash and cash equivalents   $ 105,933     $ 109,003  
    Restricted cash     1,552       1,552  
    Receivables:            
    Oil and natural gas sales     64,991       63,558  
    Joint interest, net     26,884       25,841  
    Prepaid expenses and other assets     22,570       18,504  
    Total current assets     221,930       218,458  
                 
    Oil and natural gas properties and other, net     691,788       777,741  
    Restricted deposits for asset retirement obligations     22,892       22,730  
    Deferred income taxes     54,332       48,808  
    Other assets     34,004       31,193  
    Total assets   $ 1,024,946     $ 1,098,930  
                 
    Liabilities and Shareholders’ Deficit            
    Current liabilities:            
    Accounts payable   $ 77,978     $ 83,625  
    Accrued liabilities     19,210       33,271  
    Undistributed oil and natural gas proceeds     58,647       53,131  
    Advances from joint interest partners     2,432       2,443  
    Current portion of asset retirement obligations     29,098       46,326  
    Current portion of long-term debt, net     566       27,288  
    Total current liabilities     187,931       246,084  
                 
    Asset retirement obligations     532,753       502,506  
    Long-term debt, net     349,481       365,935  
    Other liabilities     17,381       16,182  
                 
    Commitments and contingencies     20,196       20,800  
                 
    Shareholders’ deficit:            
    Preferred stock     —       —  
    Common stock     2       2  
    Additional paid-in capital     597,271       595,407  
    Retained deficit     (655,902 )     (623,819 )
    Treasury stock     (24,167 )     (24,167 )
    Total shareholders’ deficit     (82,796 )     (52,577 )
    Total liabilities and shareholders’ deficit   $ 1,024,946     $ 1,098,930  
                       
    W&T OFFSHORE, INC.
    Condensed Consolidated Statements of Cash Flows
    (In thousands)
    (Unaudited)
                       
        Three Months Ended
        March 31,    December 31,    March 31, 
        2025     2024     2024  
    Operating activities:                  
    Net loss   $ (30,577 )   $ (23,362 )   $ (11,474 )
    Adjustments to reconcile net loss to net cash (used in) provided by operating activities:                  
    Depreciation, depletion, amortization and accretion     41,283       46,365       41,906  
    Share-based compensation     2,087       3,818       3,032  
    Amortization and write off of debt issuance costs     1,099       1,117       1,292  
    Loss on extinguishment of debt     15,015       —       —  
    Derivative loss (gain), net     2,757       2,113       (4,877 )
    Derivative cash (settlements) receipts, net     (5,326 )     (1,638 )     2,599  
    Deferred income (benefit) taxes     (5,517 )     (1,941 )     733  
    Changes in operating assets and liabilities:                  
    Accounts receivable     (1,935 )     (17,064 )     (17,362 )
    Prepaid expenses and other current assets     547       1,792       433  
    Accounts payable, accrued liabilities and other     (18,858 )     3,831       (852 )
    Asset retirement obligation settlements     (3,771 )     (19,348 )     (3,788 )
    Net cash (used in) provided by operating activities     (3,196 )     (4,317 )     11,642  
                       
    Investing activities:                  
    Investment in oil and natural gas properties and equipment     (6,665 )     (14,124 )     (7,080 )
    Acquisition of property interests     (400 )     —       (80,515 )
    Proceeds from sale of oil and natural gas properties     11,935       —       —  
    Insurance proceeds     58,500       —       —  
    Purchases of furniture, fixtures and other     (103 )     (19 )     (24 )
    Net cash provided by (used in) investing activities     63,267       (14,143 )     (87,619 )
                       
    Financing activities:                  
    Proceeds from issuance of long-term debt     350,000       —       —  
    Repayments of long-term debt     (384,264 )     (275 )     (275 )
    Purchase of government securities in connection with legal defeasance of 11.75% Senior Second Lien Notes     (5,889 )     —       —  
    Premium and debt extinguishment costs     (10,230 )     —       —  
    Debt issuance costs     (11,042 )     (183 )     (312 )
    Payment of dividends     (1,493 )     (1,475 )     (1,469 )
    Other     (223 )     (13 )     (483 )
    Net cash used in financing activities     (63,141 )     (1,946 )     (2,539 )
    Change in cash, cash equivalents and restricted cash     (3,070 )     (20,406 )     (78,516 )
    Cash, cash equivalents and restricted cash, beginning of period     110,555       130,961       177,755  
    Cash, cash equivalents and restricted cash, end of period   $ 107,485     $ 110,555     $ 99,239  

    W&T OFFSHORE, INC. AND SUBSIDIARIES
    Non-GAAP Information

    Certain financial information included in W&T’s financial results are not measures of financial performance recognized by accounting principles generally accepted in the United States, or GAAP. These non-GAAP financial measures are “Net Debt,” “Adjusted Net Loss,” “Adjusted EBITDA” and “Free Cash Flow” or are derivable from a combination of these measures. Management uses these non-GAAP financial measures in its analysis of performance. These disclosures may not be viewed as a substitute for results determined in accordance with GAAP and are not necessarily comparable to non-GAAP performance measures which may be reported by other companies. Prior period amounts have been conformed to the methodology and presentation of the current period.

    We calculate Net Debt as total debt (current and long-term portions), less cash and cash equivalents. Management uses Net Debt to evaluate the Company’s financial position, including its ability to service its debt obligations.

    Reconciliation of Net Loss to Adjusted Net Loss

    Adjusted Net Loss adjusts for certain items that the Company believes affect comparability of operating results, including items that are generally non-recurring in nature or whose timing and/or amount cannot be reasonably estimated. These items include loss on extinguishment of debt, unrealized commodity derivative gain, net, allowance for credit losses, non-recurring legal and IT-related costs, non-ARO P&A costs, and other which are then tax effected using the Federal Statutory Rate. Company management believes that this presentation is relevant and useful because it helps investors to understand the net loss of the Company without the effects of certain non-recurring or unusual expenses and certain income or loss that is not realized by the Company.

                       
        Three Months Ended
        March 31,    December 31,    March 31, 
        2025     2024     2024  
          (in thousands)
          (Unaudited)
    Net loss   $ (30,577 )   $ (23,362 )   $ (11,474 )
    Loss on extinguishment of debt     15,015       —       —  
    Unrealized commodity derivative gain, net     (882 )     (497 )     (1,122 )
    Allowance for credit losses     155       118       84  
    Non-recurring legal and IT-related costs     528       860       758  
    Non-ARO P&A costs     (197 )     (2,763 )     5,352  
    Other     (71 )     (1,302 )     (214 )
    Tax effect of selected items (1)     (3,055 )     753       (1,020 )
    Adjusted net loss   $ (19,084 )   $ (26,193 )   $ (7,636 )
                       
    Adjusted net loss per common share (basic and diluted)   $ (0.13 )   $ (0.18 )   $ (0.05 )
                       
    Weighted average shares outstanding (basic and diluted)     147,598       147,365       146,857  

    (1)   Selected items were tax effected with the Federal Statutory Rate of 21% for each respective period.

    W&T OFFSHORE, INC. AND SUBSIDIARIES
    Non-GAAP Information

    Adjusted EBITDA/ Free Cash Flow Reconciliations

    The Company also presents non-GAAP financial measures of Adjusted EBITDA and Free Cash Flow. The Company defines Adjusted EBITDA as net loss plus net interest expense, loss on extinguishment of debt, income tax (benefit) expense, depreciation, depletion and amortization, ARO accretion, excluding the unrealized commodity derivative gain, allowance for credit losses, non-cash incentive compensation, non-recurring legal and IT-related costs, non-ARO P&A costs, and other. Company management believes this presentation is relevant and useful because it helps investors understand W&T’s operating performance and makes it easier to compare its results with those of other companies that have different financing, capital and tax structures. Adjusted EBITDA should not be considered in isolation from or as a substitute for net income, as an indication of operating performance or cash flows from operating activities or as a measure of liquidity. Adjusted EBITDA, as W&T calculates it, may not be comparable to Adjusted EBITDA measures reported by other companies. In addition, Adjusted EBITDA does not represent funds available for discretionary use.

    The Company defines Free Cash Flow as Adjusted EBITDA (defined above), less capital expenditures, P&A costs and net interest expense (all on an accrual basis). For this purpose, the Company’s definition of capital expenditures includes costs incurred related to oil and natural gas properties (such as drilling and infrastructure costs and the lease maintenance costs) and equipment but excludes acquisition costs of oil and gas properties from third parties that are not included in the Company’s capital expenditures guidance provided to investors. Company management believes that Free Cash Flow is an important financial performance measure for use in evaluating the performance and efficiency of its current operating activities after the impact of accrued capital expenditures, P&A costs and net interest expense and without being impacted by items such as changes associated with working capital, which can vary substantially from one period to another. There is no commonly accepted definition of Free Cash Flow within the industry. Accordingly, Free Cash Flow, as defined and calculated by the Company, may not be comparable to Free Cash Flow or other similarly named non-GAAP measures reported by other companies. While the Company includes net interest expense in the calculation of Free Cash Flow, other mandatory debt service requirements of future payments of principal at maturity (if such debt is not refinanced) are excluded from the calculation of Free Cash Flow. These and other non-discretionary expenditures that are not deducted from Free Cash Flow would reduce cash available for other uses.

    The following table presents a reconciliation of the Company’s net loss income, a GAAP measure, to Adjusted EBITDA and Free Cash Flow, as such terms are defined by the Company:

                       
        Three Months Ended
        March 31,    December 31,    March 31, 
        2025     2024     2024  
        (in thousands)
        (Unaudited)
    Net loss   $ (30,577 )   $ (23,362 )   $ (11,474 )
    Interest expense, net     9,492       10,226       10,072  
    Loss on extinguishment of debt     15,015       —       —  
    Income tax (benefit) expense     (4,615 )     (1,849 )     1,045  
    Depreciation, depletion and amortization     32,891       38,208       33,937  
    Asset retirement obligations accretion     8,392       8,157       7,969  
    Unrealized commodity derivative gain, net     (882 )     (497 )     (1,122 )
    Allowance for credit losses     155       118       84  
    Non-cash incentive compensation     2,087       3,818       3,032  
    Non-recurring legal and IT-related costs     528       860       758  
    Non-ARO P&A costs     (197 )     (2,763 )     5,352  
    Other     (71 )     (1,302 )     (214 )
    Adjusted EBITDA   $ 32,218     $ 31,614     $ 49,439  
                       
    Capital expenditures, accrual basis (1)   $ (8,472 )   $ (12,228 )   $ (3,156 )
    Asset retirement obligation settlements     (3,771 )     (19,348 )     (3,788 )
    Interest expense, net     (9,492 )     (10,226 )     (10,072 )
    Free Cash Flow   $ 10,483     $ (10,188 )   $ 32,423  


    (1)     A reconciliation of the adjustment used to calculate Free Cash Flow to the Condensed Consolidated Financial Statements is included below:

                       
    Capital expenditures, accrual basis reconciliation                  
    Investment in oil and natural gas properties and equipment   $ (6,665 )   $ (14,124 )   $ (7,080 )
    Less: change in accrual for capital expenditures     1,807       (1,896 )     (3,924 )
    Capital expenditures, accrual basis   $ (8,472 )   $ (12,228 )   $ (3,156 )

    The following table presents a reconciliation of cash flow from operating activities, a GAAP measure, to Free Cash Flow, as defined by the Company:

                       
        Three Months Ended
        March 31,    December 31,    March 31,
        2025     2024     2024  
        (in thousands)
        (Unaudited)
    Net cash (used in) provided by operating activities   $ (3,196 )   $ (4,317 )   $ 11,642  
    Allowance for credit losses     155       118       84  
    Amortization of debt items     (1,099 )     (1,117 )     (1,292 )
    Non-recurring legal and IT-related costs     528       860       758  
    Current tax (benefit) expense (1)     902       92       312  
    Change in derivatives receivable (payable) (1)     1,687       (972 )     1,156  
    Non-ARO P&A costs     (197 )     (2,763 )     5,352  
    Changes in operating assets and liabilities, excluding asset retirement obligation settlements     20,246       11,441       17,781  
    Capital expenditures, accrual basis     (8,472 )     (12,228 )     (3,156 )
    Other     (71 )     (1,302 )     (214 )
    Free Cash Flow   $ 10,483     $ (10,188 )   $ 32,423  


    (1)     A reconciliation of the adjustments used to calculate Free Cash Flow to the Condensed Consolidated Financial Statements is included below:

                       
    Current tax (benefit) expense:                  
    Income tax (benefit) expense   $ (4,615 )   $ (1,849 )   $ 1,045  
    Less: Deferred income (benefit) taxes     (5,517 )     (1,941 )     733  
    Current tax expense   $ 902     $ 92     $ 312  
                       
    Changes in derivatives receivable (payable)                  
    Derivatives receivable (payable), end of period   $ 310     $ (1,377 )   $ 1,427  
    Derivatives payable (receivable), beginning of period     1,377       405       (271 )
    Change in derivatives receivable (payable)   $ 1,687     $ (972 )   $ 1,156  
         
    CONTACT: Al Petrie Sameer Parasnis
      Investor Relations Coordinator Executive VP and CFO
      investorrelations@wtoffshore.com sparasnis@wtoffshore.com
      713-297-8024 713-513-8654

    Source: W&T Offshore, Inc.

    Released May 6, 2025

    MIL OSI Economics –

  • MIL-Evening Report: ‘Under no illusions’ about France, says author of new Rainbow Warrior book

    Pacific Media Watch

    The author of the book Eyes of Fire, one of the countless publications on the Rainbow Warrior bombing almost 40 years ago but the only one by somebody actually on board the bombed ship, says he was under no illusions that France was behind the attack.

    Journalist David Robie was speaking last month at a Greenpeace Aotearoa workship at Mātauri Bay for environmental activists and revealed that he has a forthcoming new book to mark the anniversary of the bombing.

    “I don’t think I had any illusions at the time. For me, I knew it was the French immediately the bombing happened,” he said.

    Eyes of Fire . . . the earlier 30th anniversary edition in 2015. Image: Little Island Press/DR

    “You know with the horrible things they were doing at the time with their colonial policies in Kanaky New Caledonia, assassinating independence leaders and so on, and they had a heavy military presence.

    “A sort of clamp down in New Caledonia, so it just fitted in with the pattern — an absolute disregard for the Pacific.”

    He said it was ironic that four decades on, France had trashed the goodwill that had been evolving with the 1988 Matignon and 1998 Nouméa accords towards independence with harsh new policies that led to the riots in May last year.

    Dr Robie’s series of books on the Rainbow Warrior focus on the impact of nuclear testing by both the Americans and the French, in particular, on Pacific peoples and especially the humanitarian voyages to relocate the Rongelap Islanders in the Marshall Islands barely two months before the bombing at Marsden wharf in Auckland on 10 July 1985.

    Detained by French military
    He was detained by the French military while on assignment in New Caledonia a year after Eyes of Fire: The Last Voyage of the Rainbow Warrior was first published in New Zealand.

    His reporting won the NZ Media Peace Prize in 1985.


    David Robie’s 2025 talk on the Rainbow Warrior.     Video: Greenpeace Aotearoa

    Dr Robie confirmed that Little island Press was publishing a new book this year with a focus on the legacy of the Rainbow Warrior.

    Plantu’s cartoon on the Rainbow Warrior bombers from the slideshow. Image: David Robie/Plantu

    “This edition is the most comprehensive work on the sinking of the first Rainbow Warrior, but also speaks to the first humanitarian mission undertaken by Greenpeace,” said publisher Tony Murrow.

    “It’s an important work that shows us how we can act in the world and how we must continue to support all life on this unusual planet that is our only home.”

    Little Island Press produced an educational microsite as a resource to accompany Eyes of Fire with print, image and video resources.

    The book will be launched in association with a nuclear-free Pacific exhibition at Ellen Melville Centre in mid-July.

    Find out more at the microsite: eyes-of-fire.littleisland.co.nz

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: Rep. Maria Salazar Leads Bill to Boost U.S. Blue Economy and Support Coastal Communities

    Source: United States House of Representatives – Congresswoman María Elvira Salazar’s (FL-27)

    span>WASHINGTON, D.C.—Last week, U.S. Representatives Maria Elvira Salazar (R-FL), Chellie Pingree (D-ME) and U.S. Senators Murkowski (R-AK) and Cantwell (D-WA) introduced H.R. 3048to strengthen coastal communities and the blue economy across the U.S.— through advanced research and development, job creation, and private-sector partnerships. The bipartisan, bicameral Ocean Regional Opportunity and Innovation (Ocean ROI) Act, would direct the Secretary of Commerce to establish “Ocean Innovation Clusters” and assist with their operation.

    Specifically, the Ocean ROI Act requires the Secretary of Commerce—acting through the administrator of the U.S. Economic Development Administration, and in consultation with the administrator of the National Oceanic and Atmospheric Administration (NOAA)—to designate at least one ocean innovation cluster in each of the five NOAA Fisheries regions, Gulf of America region, and the Great Lakes region. The bill would also authorize competitive grants for cluster operation and administration to support ocean innovation clusters at the federal level. 

    “Miami’s beautiful coasts and pristine waters provide Florida with billions in tourism and commerce every year, and I am committed to preserving them for generations to come,” said Rep. Salazar. “I am proud to reintroduce this legislation to promote Miami’s development and improve our environment through the sustainable use of our oceans. The blue economy and the opportunities it provides are growing, and there is no better place to invest the best we have in research and technology than right here in South Florida.”

    “Ocean innovation doesn’t happen in a vacuum; it relies on strong federal partnerships and trusted scientific institutions and federal agencies. As the Trump Administration doubles down on its attacks against climate research and ocean science, it’s more important than ever that Congress step up,” said Rep. Pingree. “The Ocean Regional Opportunity and Innovation Act is a bipartisan, bicameral effort to invest in our Blue Economy, boost ocean-based industries, and strengthen the resilience of coastal communities from the Gulf of Maine to the Bering Sea. Congresswoman Salazar, Senator Murkowski, Senator Cantwell, and I represent some of the most iconic and vulnerable coastlines in the nation. We know just how vital the ocean is to our economies, our environment, and our future. The United States should be leading the world in ocean innovation, not dismantling the partnerships that make it possible.”

    “A strong blue economy will require strong coordination and creativity, and that’s why I’m leading this effort to invest in our ocean clusters and take advantage of the opportunities for innovation and collaboration,” said Sen. Murkowski. “This effort doesn’t just focus on the untapped economic potential of our blue economy, but also ensures that collaboration is at the center of any conversation or effort to address the impacts of climate change on our coastal communities. By providing incentives and workspaces for Alaskans in maritime and maritime-adjacent industries, we can achieve real progress in strengthening the blue economy.” 

    “From protecting orcas from vessel noise, to transitioning to a carbon-free future for our ports and maritime industry, Washington’s ocean cluster, called Maritime Blue, is working hard to solve complex challenges facing our economy,” said Sen. Cantwell. “This bill would build on their success by creating a new grant program to fund ocean innovation clusters and grow Washington’s $60 billion maritime economy.”

    “Regional innovation clusters bring credibility, coordination, and effective interdisciplinary collaboration to current and emerging BlueTech ecosystems like ours in South Florida,” said Daniel Kleinman, founder & CEO of the Seaworthy Collective. “As a co-lead of one of NOAA and Integrated Ocean Observing System (IOOS)’s Ocean Enterprise Accelerators, The Continuum, we’re excited to see this bipartisan support for regional ocean innovation clusters to further demonstrate NOAA’s critical role in growing blue businesses, innovation ecosystems, and economies from coast to coast.” 

    “There has never been a more important time to support investment in blue economy ventures that add value to our coastal resources and lay the foundation for the industries of the future,” said Patrick Arnold of the New England Ocean Cluster in Portland, Maine. “Strategic policy support can help accelerate innovation, attract private capital, and create resilient, high-quality jobs in coastal communities—positioning the United States as a global leader in sustainable ocean-based industries.”

    “TMA BlueTech enthusiastically supports the reintroduction of the Ocean Regional Opportunity and Innovation Act. This legislation is a pivotal step toward bolstering America’s maritime industrial base by fostering advanced maritime defense technologies, smart maritime systems and regional innovation clusters,” said Matt Classen at TMA BlueTech in San Diego.“By promoting cross-sector collaboration, workforce development, and technological advancement, the Act complements national efforts like the SHIPS for America Act, which aims to revitalize U.S. shipbuilding and expand our commercial fleet. Together, these initiatives will enhance our nation’s maritime capabilities, economic resilience, and global competitiveness.”

    MIL OSI USA News –

  • MIL-OSI Security: Boston Man Pleads Guilty to Managing Large-Scale Drug Trafficking Conspiracy

    Source: Office of United States Attorneys

    CONCORD –A Boston man has pleaded guilty in federal court in Concord in connection with a large-scale drug trafficking operation that was distributing fentanyl and cocaine in the Manchester-area, Acting U.S. Attorney Jay McCormack announces.

    Flemin Soto Baez, age 50, pleaded guilty to one count of conspiracy to distribute controlled substances, namely, fentanyl and cocaine. U.S. District Court Judge Samantha Elliott scheduled sentencing for August 13, 2025.  The defendant was originally charged with conspiracy on April 26, 2023, along with 20 other defendants, in the matter United States v. Juan Ramon Soto Baez, et al.  He is the 15th defendant in the conspiracy to plead guilty.

    According to the plea agreement and statements made in court, the defendant was the leader of a Massachusetts-based drug trafficking organization that distributed large quantities of fentanyl and cocaine in New Hampshire, particularly Manchester, between September 2019 and April 2023.  The organization was run like a business, operating “dispatch” telephone lines where customers could call in to order drugs. The defendant operated the dispatch line and coordinated purchases. He sent runners to meet customers to conduct hand-to-hand exchanges of drugs for money, usually in the runner’s vehicle.  On 14 separate occasions between July 14, 2022 and March 2, 2023, the defendant sent a runner to deliver crack cocaine to drug customers in Manchester.

    The charging statute provides a sentence of no greater than 20 years in prison, at least three (3) years of supervised release, and a maximum fine of $1,000,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    The Federal Bureau of Investigation and the Drug Enforcement Administration led the investigation. Valuable assistance was provided by the Manchester Police Department. Assistant U.S. Attorney Aaron Gingrande is prosecuting the case. 

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).  Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

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  • MIL-OSI Security: Tampa Man Sentenced To Over 17 Years In Prison For Possessing A Firearm And Committing Armed Robbery While On Federal Supervised Release

    Source: Office of United States Attorneys

    Tampa, Florida – U.S. District Judge Virginia M. Hernandez Covington has sentenced Jutaurio Preshae Clemons (39, Tampa) to 17 years and 4 months in federal prison for possessing a firearm as a convicted felon and for violating supervised release. The court also ordered Clemons to forfeit a Glock model 30, 45 Auto semi-automatic pistol and assorted ammunition. Clemons pleaded guilty to the felon in possession charge on October 15, 2024, and, following a hearing on April 29, 2025, the court found Clemons in violation of his supervised release. 

    According to court documents and evidence presented at the violation hearing, Clemons was sentenced to federal prison in 2009 for conspiracy to possess five kilograms or more of cocaine and possession of a firearm in furtherance of a drug trafficking offense. After he served his prison sentence, and while he was on federal supervised release, the State of Florida issued an arrest warrant for Clemons for an attempted murder and robbery alleged to have occurred on August 14, 2022. When a United States Marshals Service fugitive task force found Clemons to arrest him on August 29, 2022, he was carrying a firearm inside a holster. The firearm, a Glock semi-automatic pistol, was loaded with four rounds of ammunition.

    Evidence presented during the violation of supervised release hearing proved that on August 14, 2022, Clemons, while brandishing a firearm, sneaked up on a man as he was about to enter the front door of his residence and shot him eight times. Clemons then dragged the victim from the front of his residence, took his cellphone, and fled the scene. The victim, who had gunshot wounds to his left hand, left arm, right clavicle, right ear, chest, and upper torso, survived but required several surgeries to repair the gunshot wounds and a broken arm. The shooting was captured on home security cameras, and the victim identified Clemons as the shooter.

    This case was investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives, the United States Marshals Service, the Temple Terrace Police Department, and the Tampa Police Department. It was prosecuted by Assistant United States Attorneys Maria Guzman and Michael Sinacore. 

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results. 

    MIL Security OSI –

  • MIL-OSI Security: Attorney General Pamela Bondi, DEA, & USAO New Mexico Announce Results of Historic Drug Bust

    Source: United States Attorneys General 7

    Today, Attorney General Pamela Bondi, the Drug Enforcement Administration, and the U.S. Attorney’s Office for the District of New Mexico, announced the outcome of a weeklong, multi-agency enforcement operation targeting one of the largest drug trafficking organizations responsible for flooding communities with fentanyl and other illicit narcotics.

    MIL Security OSI –

  • MIL-OSI Security: Rex, Georgia Man Sentenced to 10 Years in Federal Prison for Drug and Firearm Offenses

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

                Montgomery, Ala. – Acting United States Attorney Kevin Davidson announced today that a Rex, Georgia man has been sentenced to federal prison for drug trafficking and firearms offenses. On May 6, 2025, a federal judge sentenced 40-year-old Johnques Wyndell Lupoe to 120 months in prison, followed by five years of supervised release. There is no parole in the federal system.

                According to court records, in late 2022, the Alabama Department of Corrections (ADOC) received information about a suspicious individual near the grounds of one of their facilities in Barbour County during the early morning hours. When officers arrived to investigate, they discovered a duffle bag containing multiple items classified as prison contraband, including a substance later confirmed to be methamphetamine. No individuals were located in the immediate vicinity at the time.

                Later that morning, law enforcement officers encountered a man matching the suspect’s description at a nearby location. The individual, identified as Johnques Lupoe, admitted to being on the prison property earlier. Officers also discovered a handgun in his possession. Due to a prior felony conviction, Lupoe is legally prohibited from possessing firearms or ammunition.

                On January 30, 2025, Lupoe pleaded guilty to possession of methamphetamine with intent to distribute, possession of a firearm in furtherance of a drug trafficking crime, and possession of a firearm by a convicted felon.

                The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), the Alabama Department of Corrections (ALDOC) Law Enforcement Services Division, and the Barbour County, Alabama Sheriff’s Department investigated this case, which Assistant United States Attorney J. Patrick Lamb prosecuted.

    MIL Security OSI –

  • MIL-OSI Security: Dixmont Woman Sentenced for Role in Penobscot and Aroostook County Drug Trafficking Ring

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    BANGOR, Maine: A Dixmont woman was sentenced on Monday in U.S. District Court in Bangor for her role in a northern Maine drug trafficking ring.

    U.S. District Judge Stacey D. Neumann sentenced Sarah McBreairty, 36, to 60 months in prison to be followed by five years of supervised release. On March 24, 2023, McBreairty pleaded guilty to conspiring to distribute and possess with intent to distribute methamphetamine and fentanyl and conspiring to make false statements to a federal firearms licensee.

    According to court records, between January 2018 and December 2021, McBreairty and others trafficked methamphetamine and fentanyl in Penobscot and Aroostook counties and elsewhere. McBreairty regularly arranged to obtain quantities of the two drugs from an out-of-state supplier  through phone calls and texts using coded language and then distributed those drugs through a network of dealers she supplied in Penobscot and Aroostook Counties. McBreairty used the proceeds of her distribution to purchase more drugs from her supplier. In addition, during the conspiracy, McBreairty and a co-defendant made false statements to an area federal firearms licensee in an attempt to obtain several firearms. 

    Twenty-two defendants have been charged in this and related cases for their part in a widespread northern Maine drug trafficking conspiracy. To date, 19 of the defendants have been sentenced while three await sentencing:

    Sentenced:

    • Andrew Adams (32, Aroostook County) – 10 years
    • Matthew Catalano (38, Penobscot County) – 165 months
    • Christopher Coty (44, Bangor) – 4 years
    • Jason Cunrod (42, Caribou) – 48 months
    • Blaine Footman (38, Bangor) – 5 years
    • Nicole Footman (41, Holden) – 3 years
    • Dwight Gary, Jr. (54, Medway) – Time served (approx. 5 months)
    • Carol Gordon (53, Bangor) – Time served (approx. 31 months) plus 6 months of community confinement
    • Thomas Hammond (26, Charleston) – 84 months
    • Joshua Jerrell (30, Orrington) – Time served (approx. 36 months)
    • James King (55, Caribou) – 165 months
    • Shelby Loring (29, Bangor) – Time served (approx. 32 months)
    • Danielle McBreairty (34, Glenburn) – 20 years
    • John Miller (24, Caribou) – 54 months
    • Aaron Rodgers (43, Bangor) – Time served (approx. 33 months)
    • Wayne Smith (33, Bangor) – 85 months
    • Joshua Young (48, Presque Isle) – Time served (approx. 2 months) plus 24 months home detention
    • Tamara Davis (29, Fall River, MA) – Time Served (approx. 14 months)
    • Sarah McBreairty (36, Dixmont) – 60 months

    Awaiting sentencing:

    • Daquan Corbett (30, Brockton, Mass.) – sentencing to be scheduled
    • Daviston Jackson (28, Boston, Mass.) – sentencing to be scheduled
    • James Valiante (42, Linneus) – sentencing scheduled for May 27, 2025

    The U.S. Drug Enforcement Administration; Bureau of Alcohol, Tobacco, Firearms and Explosives; and Maine Drug Enforcement Agency investigated the case. Assistance was provided by the police departments in Orono, Bangor, Brewer, Caribou, Presque Isle and Houlton. The U.S. Attorney’s Office also recognized the cooperation and coordination provided by the Maine State Attorney General’s Office and the Aroostook County District Attorney’s Office.

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

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    MIL Security OSI –

  • MIL-OSI Security: Georgia Man Pleads Guilty to Federal Gun Crime

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    CHARLESTON, W.Va. – Jeremiah Clinton Gray, 42, of Blue Ridge, Georgia, pleaded guilty today to being a felon in possession of a firearm.

    According to court documents and statements made in court, on July 22, 2024, law enforcement responded to reports of a man inside a Jackson County, Ohio, business with a firearm, body armor and a badge. The individual, later identified as Gray, left the business in a vehicle without a license plate and fled from an attempted traffic stop by law enforcement. The resulting pursuit led law enforcement into West Virginia, where the vehicle was stopped in Charleston with the assistance of spike strips. Gray was arrested and officers found a loaded Taurus model 1911 Officer 9mm pistol on his person and a loaded Mossberg model 590 Shockwave .410-gauge shotgun in the vehicle.

    Federal law prohibits a person with a prior felony conviction from possessing a firearm or ammunition. Gray knew he was prohibited from possessing a firearm because of his prior felony conviction for conspiracy to distribute and possess with intent to distribute in excess of 500 grams of cocaine in United States District Court for the Eastern District of Tennessee on October 20, 2023.

    Gray is scheduled to be sentenced on August 12, 2025, and faces a maximum penalty of 15 years in prison, up to three years of supervised release, and a $250,000 fine.

    Acting United States Attorney Lisa G. Johnston made the announcement and commended the investigative work of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), the West Virginia State Police and the Kanawha County Sheriff’s Office

    Senior United States District Judge David A. Faber presided over the hearing. Assistant United States Attorney JC MacCallum is prosecuting the case.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Southern District of West Virginia. Related court documents and information can be found on PACER by searching for Case No. 2:25-cr-35.

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    MIL Security OSI –

  • MIL-OSI Security: Fairport man who used Roblox to attempt to communicate with minors for sex arrested

    Source: Office of United States Attorneys

    ROCHESTER, N.Y. – U.S. Attorney Michael DiGiacomo announced today that Tony Rodriguez, 40, of Fairport, NY, was arrested and charged by criminal complaint with enticement and possession of child pornography, which carry a minimum penalty of 10 years in prison and a maximum of life.

    Assistant U.S. Attorney Melissa M. Marangola, who is handling the case, stated that according to the complaint, on March 12, 2025, the leader of an online community group, which exposes child predators, reached out to the Fairport Police Department regarding a message from the Facebook account “Tony Rodrigo,” later identified as the defendant. According to the community member, Rodriguez was told that the person he was communicating with was an 11-year-old girl named Emiry. The complaint states that the conversation began as causal small talk, but quickly turned sexual, initiated by Rodriguez. Rodriguez sent lewd pictures and offered to meet Emiry to have sex. On March 12, 2025, Rodriguez arrived at a pre-determined location, the Fairport Library, to meet Emiry. Instead, the community member arrived and confronted Rodriguez about his explicit online conversations with an alleged 11-year-old. The confrontation prompted the police to be called by a concerned citizen. The community member told police that Rodriguez admitted to meeting Emiry for sex and acknowledged communicating online with other minors between 13 to 16 years old in a similar manner. Prior to police arriving, Rodriguez left the scene.

    On April 15, 2025, the Monroe County Sheriff’s Office responded to a residence located in the Town of Perinton for a report that a male named “Tony Rodrigo” was at the location to meet a 13-year-old for a sexual encounter. The report was filed by individual who oversees another online volunteer group on Facebook which exposes child predators. This individual poses as a 13-year-old girl. According to the individual, “Tony Rodrigo” reached out on Facebook to who he believed was a 13-year-old-girl. Rodriguez stated he wanted to meet up “”to have sex” with the minor. On April 15, 2025, Rodriguez showed up at the predetermined location and was confronted by the individual. Sheriff’s deputies located Rodriguez and detained him.

    Rodriguez utilized Roblox, an online gaming platform, to connect with the alleged 11- and 13-year-old girls on Facebook.

    A search of two cellular telephones seized from Rodriguez recovered approximately six images of child pornography.

    In addition to Facebook, an Instagram account associated with Rodriguez was located, on which he appeared to be communication with a 13-year-old minor. Rodriguez was also active on the social media platform Reddit, specifically a subreddit community associated with teens.

    Rodriguez made an initial appearance before U.S. Magistrate Judge Mark W. Pedersen and was detained.

    The complaint is a result of an investigation by the Federal Bureau of Investigation, under the direction of Special Agent-in-Charge Matthew Miraglia, the Monroe County Sheriff’s Office, under the direction of Sheriff Todd Baxter, and the Fairport Police Department, under the direction of Chief Matthew Barnes.   

    The fact that a defendant has been charged with a crime is merely an accusation and the defendant is presumed innocent until and unless proven guilty.     

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    MIL Security OSI –

  • MIL-OSI Security: Rocky’s Road to Recovery

    Source: US Marshals Service

    Rocky, a 2-year-old Belgian Malinois, works as a Tactical K-9 for the U.S. Marshals Service (USMS). On January 15, 2025, just a few months after finishing training, Rocky was tasked with finding a dangerous suspect in Houston, TX—who had shot and killed Brazoria County Sheriff’s Deputy Jesus Vargas earlier that day. Rocky is trained to locate suspects by tracking and other means. A small tactical team decided to conduct searches near the original shooting. Rocky found the suspect hiding in a dumpster and jumped in to apprehend him.

    That is when the suspect fired his weapon, hitting Rocky twice. Rocky caught the suspect, but in doing so, he took one bullet to the neck and another in his nose. While law enforcement officers neutralized the suspect, Rocky was carried to a spot where he was airlifted to Westbury Animal Hospital.

    The hospital had pre-established protocols for K-9 teams, ensuring the vets were prepared to triage and treat Rocky. He went into surgery, and it was determined that the bullets did not hit any of his vital organs, and one had narrowly missed his spine. After surgery, Rocky remained at the hospital to ensure his recovery went well. Two days later Rocky was released from the hospital and went home with his handler—who stayed at his side during all this—to rest and recover.

    Outside of the hospital, the narrative was clear: Rocky is a hero. He was able to find the suspect, alert the Deputy US Marshals with him, and be the first line of attack in apprehending a violent, armed suspect.

    “Rocky saved lives, he saved lives of deputies,” said T. Michael O’Connor, U.S. Marshal for the Southern District of Texas. “While that day was a tragedy for all of us in law enforcement with the loss of Deputy Vargas, it likely could have gone worse had Rocky not been there. He is a hero.”

    This was echoed by the city on April 16, 2025, when Rocky was recognized at the Crime Stoppers Houston’s Heroes Awards Luncheon. He was awarded the Johnny Klevenhagen Award recognizing heroism in law enforcement. This represents just how valuable an asset Rocky, and other K-9 teams, are in fighting violent crime as they go out to work and save lives. Rocky is the first K-9 to ever receive this award.  

    Everyone—from the city of Houston to his coworkers—is proud and grateful for Rocky, but he was merely doing his job, what he’s trained to do. The USMS Canine (K-9) Operations program provides dedicated protective, investigative, and enforcement K-9 support to US Marshals Service missions. Rocky went into that dumpster to do his job, to protect people.

    After leaving the hospital, Rocky went home with his family to rest and spend time playing with his family and just being a dog while healing. Once healed physically, Rocky still had to be cleared mentally. He had to pass testing after one week of training which created high stress scenarios to see if he was fit to go back to work. Rocky passed all these scenarios easily and was given a clean bill of both physical and mental health. The team he works with, the K-9 trainers, and his handler all agreed that just one month after the shooting, Rocky was ready to get back to work.

    For the past few months, Rocky has been back on the job as usual. He has worked on multiple searches and apprehensions with both the USMS Special Operations Group and the Gulf Coast Violent Offenders Task Force. He is back to his normal day to day life and living it to the fullest.

    MIL Security OSI –

  • MIL-OSI Security: NPCC creating Nine Policing Academic Centres of Excellence (P-ACEs)

    Source: United Kingdom National Police Chiefs Council

    NPCC, in partnership with UK Research and Innovation (UKRI), have funded £4.5 million to launch nine Policing Academic Centres of Excellence (P-ACEs) in October 2025.

    Working closely with Forces, the P-ACEs will drive collaboration among academia and policing. They will ensure that policing is shaped by the latest and best scientific expertise, and that the UK’s leading researchers are able to challenge and innovate in partnership with policing as together we strive to improve public safety.

    Each Policing Academic Centre of Excellence will be promoted across the policing sector as an accessible source of leading academic experts aligned with Policing’s Areas of Research Interest (ARIs) and evidence needs. The P-ACEs will support policing with adopting new technologies, developing new tools and techniques, improving training and skills, and increasing public safety.

    Professor Paul Taylor, Police Chief Scientific Adviser, said:

     “Academia and policing have a long history of collaborative working on issues as diverse as forensic science, crime prevention, and analytical technologies. The P-ACEs will fortify this connection, providing a focal point for research and knowledge exchange.

    I’m particularly excited about what the P-ACEs can bring to early career scientists who are interested in tackling the complex challenge of keeping the UK public safe. The P-ACE community will, I hope, provide them more opportunities and greater support as we look to forge deep and lasting partnerships over the next decade.”

    Stian Westlake, Executive Chair of the Economic and Social Research Council (ESRC), said:

    “The Policing Academic Centres of Excellence will forge closer relationships between police forces and researchers, providing the police with data and evidence to make the justice system work better. By bringing experts in policing practice together with social scientists and data scientists across the country, the centres will provide knowledge and insights to drive service improvement. These centres of excellence demonstrate our commitment to reducing crime and making Britain a safer place.”

    The two key functions of the P-ACEs are to:

    • mobilise, showcase and make accessible to policing key insights, findings and outputs from their work
    • respond to the evidence needs, questions and problems raised by policing and work with policing to co-develop new research and knowledge exchange activities

    The following universities have been selected to be P-ACEs:

    • Edinburgh Napier University, with Glasgow Caledonian University, University of St Andrews and University of Edinburgh
    • Lancaster University
    • Manchester Metropolitan University, with University of Manchester
    • Nottingham Trent University
    • University College London
    • University of Bath
    • University of Birmingham, with Aston University and University of Leicester
    • University of Leeds, with University of York
    • University of Portsmouth

    For updates about the P-ACEs visit: Policing Academic Centres of Excellence

    MIL Security OSI –