NewzIntel.com

Category: Transport

  • MIL-OSI Security: Two prolific shoplifters caught in the act by Met officers

    Source: United Kingdom London Metropolitan Police

    Video has been released of the moment Met Police officers caught two prolific shoplifters as they targeted a Co-Op in Hackney.

    Donavan Soloman and Lee Moise were wearing balaclavas when they attempted to target the store in Homerton High Street on 22 December 2024.

    Neighbourhood officers, who were carrying out a proactive operation at the store in response to concerns about shoplifting, saw the incident unfold on CCTV and detained the men.

    They were arrested and taken into custody where they were later charged.

    Soloman, 37 (28.12.87), of Avenue Road, Beckenham, pleaded guilty to burglary and criminal damage at Wood Green Crown Court. He was sentenced to 10 months’ imprisonment. He had four previous convictions for theft.

    Moise, 38 (12.04.86), of Croyland Road, Edmonton, pleaded guilty to burglary and criminal damage at Snaresbrook Crown Court. He was sentenced to 12 months’ imprisonment. He had 10 previous convictions for theft.

    Inspector Mohammed Uddin, from the neighbourhood policing team in Homerton, said: “Across the Met we’re focused on tackling the most prolific shoplifters as we know the fear they cause retail workers and the negative impact their offending has on communities.

    “We’re working with local business owners to understand their concerns and we’ll continue our crackdown with operations such as this one as well as our regular patrols.”

    Neighbourhood officers in Homerton have secured prison sentences for six prolific shoplifters over the past seven months and their work continues.

    Enquiries to identify a third man involved in the incident are ongoing.

    MIL Security OSI –

  • MIL-OSI Economics: DSTA and Thales Announce AI-Driven Co-Lab to Strengthen Singapore’s Defence Systems

    Source: Thales Group

    Headline: DSTA and Thales Announce AI-Driven Co-Lab to Strengthen Singapore’s Defence Systems

    • Defence Science and Technology Agency (DSTA) and Thales announce a joint lab to develop AI-enabled technologies which can augment combat systems currently in use by the Singapore Armed Forces.
    • With an initial focus on solutions for Counter-Unmanned Aircraft Systems (C-UAS) and Advanced Sensing applications, both parties have co-developed advanced AI algorithms that enable combat systems to efficiently handle fast-evolving drone threats.
    • DSTA and Thales signed a Memorandum of Understanding (MoU) in 2022 to deepen and broaden collaboration from development of smart technologies to better supportability of systems. This Co-Lab is another outcome of this MoU that will deepen our collaboration.
    Representatives from DSTA and Thales – ©Thales

    At the 2025 Singapore Defence Technology Summit (Tech Summit), a joint team from DSTA and Thales showcased its recent collaboration on counter-drone technologies, with tangible outcomes that can potentially be integrated into systems currently in-use with the Singapore Armed Forces (SAF).

    Over the last five months, engineers from both organisations co-developed Machine-Learning (ML)-enabled software modules that reduce the rate of false alarms in drone detection. By enhancing a radar’s sensor performance with the help of AI, the algorithms offer operators and end-users heightened situational awareness that enable faster and more accurate drone detection and classification.

    Through this demonstration of a new Concept of Operations (CONOPs) in enhanced radar performance in drones, the team leveraged physics-, knowledge- and data-based AI, bringing together DSTA’s deep domain knowledge of the drone ecosystem and the technical and AI skills of Thales researchers and engineers. The announcement of the Co-Lab represents the next step in the strategic cooperation between DSTA and Thales, underscoring both parties’ ambitions to support the SAF in dealing with emerging and asymmetric threats.

    “The DSTA-Thales Joint Lab marks a strategic step in advancing next-generation defence technologies. By harnessing AI and advanced sensing technologies, we are adopting a more agile approach to capability development, enabling us to tackle evolving threats. This collaboration reinforces DSTA’s commitment to working with global partners to co-develop advanced capabilities, ensuring our defence systems remain robust, adaptive, and future-ready,” said Mr Roy Chan, Deputy Chief Executive (Operations), DSTA.

    “Thales’ AI for critical systems must meet the stringent reliability, safety and security requirements for armed forces worldwide. It is a true recognition when our customers trust us to co-develop solutions alongside them that address the pain points and challenges of the end-user. We have achieved the outcomes of the MoU in a relatively short span of time, with our teams harnessing AI to create solutions with real-world implications. This Co-Lab with DSTA speaks to the years of collaboration between us and our joint commitment to provide the best technologies for the SAF and the Singapore Ministry of Defence.” said Pascale Sourisse, President and CEO, Thales International.

    Thales holds deep expertise and technological mastery in radars, with air traffic management radars used by the majority of civil aviation authorities in the region, as well as operating a Radar Centre of Excellence in Singapore. As a key partner to the SAF for over 50 years, Thales also operates a Defence Hub for services in Singapore, with skilled local expertise on-hand to support DSTA and Mindef for support and maintenance of systems currently in use with the armed forces.

    About Thales

    Thales (Euronext Paris: HO) is a global leader in advanced technologies for the Defence, Aerospace, and Cyber & Digital sectors. Its portfolio of innovative products and services addresses several major challenges: sovereignty, security, sustainability and inclusion.

    The Group invests more than €4 billion per year in Research & Development in key areas, particularly for critical environments, such as Artificial Intelligence, cybersecurity, quantum and cloud technologies. Thales has more than 83,000 employees in 68 countries. In 2024, the Group generated sales of €20.6 billion.

    PRESS contact

    Thales, Corporate Communications Asia

    Jamie CHOW

    jamie.chow@thalesgroup.com

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: Where the Land Meets the Sea

    Source: Government of India

    Where the Land Meets the Sea

    Mangroves as Guardians of Life and Livelihoods

    Posted On: 01 APR 2025 2:36PM by PIB Delhi

    As the morning tide gently laps against the shores of Navghar, Vandana Patil steps onto the damp earth of her village’s coastline. She recalls a time when the sea was generous, offering abundant crab and fish catch. But over the years, that generosity faded. “Earlier, we used to see unpredictable crab and fish catch and had to rely on other sources of livelihoods,” she says, her voice carrying the weight of years spent worrying about an uncertain future.

    The culprit was clear: the unchecked destruction of mangroves. The towering green guardians of the coastline had been silently disappearing, their roots no longer anchoring the land, their dense canopies no longer sheltering marine life. With every tree lost, so too was a piece of the community’s livelihood. Yet, many in Navghar remained unaware of the deep connection between the mangroves and their survival.

    Change arrived in the form of a far-reaching initiative. The Government of India, in collaboration with the Green Climate Fund and UNDP, launched a project to enhance climate resilience in India’s coastal communities. This initiative, operational across three coastal states-Andhra Pradesh, Maharashtra, and Odisha focused on conserving and restoring marine ecosystems, including mangroves, while creating climate-resilient livelihoods.

    Navghar became a symbol of this transformation. In 2021, the project formed a Mangrove Co-Management Committee, bringing together village members, the Gram Panchayat, and women’s Self-Help Groups (SHGs). Their mission was twofold: protect the mangroves and revive local livelihoods. Women, often the most affected by economic instability, were placed at the forefront.

    Through structured training, they learned sustainable crab farming techniques, creating new livelihood groups like Healthy Harvest and Wild Crab Aqua Farm. These groups now farm mud crabs over two acres of coastal land while ensuring the protection of mangroves from illegal cutting. The impact was immediate.

    “Through our campaigns and drives, we have raised awareness about mangroves and their link to healthy fish catch and livelihoods,” explains Rohan Patil, president of the committee. “People no longer see them as just trees—they see them as protectors.”

    By 2023, the once-barren coastline had transformed. The mangroves stood tall, shielding the land from erosion and storms, while the waters teemed with life again. The benefits extended beyond the environment. “The project helped us a lot,” Vandana shares. “Earlier, women worked only seasonally. Now, we have employment throughout the year. Besides, earlier we had to travel far and wide for crab farming; now, we can do it locally.”

    What is Mangrove?

    A mangrove is a salt-tolerant plant community found in tropical and subtropical intertidal regions. These ecosystems thrive in high-rainfall areas (1,000–3,000 mm) with temperatures ranging from 26°C to 35°C. Mangrove species are adapted to survive in waterlogged soils, high salinity, and frequent tidal surges. They serve as crucial biodiversity refuges and act as bio-shields against extreme climatic events. Additionally, rural populations depend on mangroves for biomass-based livelihoods.

    India’s Progress in Mangrove Conservation

    India has made significant strides in mangrove conservation through a combination of robust regulatory frameworks and targeted promotional initiatives. As per the India State of Forest Report 2023 (ISFR-2023), India’s total mangrove cover stands at 4,991.68 sq. km, constituting 0.15% of the nation’s geographical area. There has been net increase of 363.68 Sq.km (7.86%) in Mangrove cover area of the country in 2023 as compared to 2013 and net increase of 509.68 Sq.km (11.4%) between 2001 and 2023.

    West Bengal holds the largest share of the country’s mangrove forests, accounting for 42.45% of the total cover, followed by Gujarat (23.32%) and the Andaman & Nicobar Islands (12.19%). Notably, Gujarat has recorded an impressive increase of 253.06 sq. km in mangrove cover between 2001 and 2023, attributed to large-scale plantations, community participation, and public-private partnerships.

    Key Regulatory Measures

    India has implemented a series of stringent legal frameworks to ensure mangrove protection:

    • Coastal Regulation Zone (CRZ) Notification, 2019 under the Environment (Protection) Act, 1986, categorises mangroves as Ecologically Sensitive Areas (ESAs), restricting activities within a 50-metre buffer zone where mangrove cover exceeds 1,000 sq. m.
    • Mandates compensatory replantation at a 3:1 ratio if mangroves are affected by development.
    • Additional protection under the Wildlife (Protection) Act, 1972, Indian Forest Act, 1927, and Biological Diversity Act, 2002, among others.

    Key Promotional Initiatives and Achievements

    1. Mangrove Initiative for Shoreline Habitats & Tangible Incomes (MISHTI):
      • Launched on 5 June 2023 to promote restoration and afforestation across 540 sq. km in 9 coastal States and 4 Union Territories.
      • Implementation through convergence funding with the National Compensatory Afforestation Fund Management and Planning Authority (CAMPA).
      • For FY 2024–25, ₹17.96 crore has been allocated to Andhra Pradesh, Gujarat, Kerala, Odisha, West Bengal, and Puducherry for the treatment and restoration of 3,836 hectares of degraded mangroves.
    2. National Coastal Mission – Conservation of Mangroves and Coral Reefs:
      • Financial assistance for the conservation of 38 mangrove sites and 4 coral reef sites across the country.
      • Operates on a 60:40 cost-sharing model between the Centre and States.
      • ₹8.58 crore released to seven coastal States during 2021–23 for mangrove conservation.
    3. GCF-ECRICC Project (Green Climate Fund – Enhancing Coastal Resilience of Indian Coastal Community):
      • Active since 2019 in Andhra Pradesh, Maharashtra, and Odisha.
      • Aims to restore and conserve 10,575 hectares of mangroves.
      • As of 2024, 3,114.29 hectares have been successfully restored.

     

    Why Mangroves Matter

    Mangroves: Nature’s Carbon Vault

     

    As per World Wildlife Fund mangroves store 7.5–10 times more carbon per acre than tropical forests. Their loss contributes to 10% of global greenhouse gas emissions from deforestation. These coastal forests hold over 21 gigatons of carbon, 87% of which is locked in the soil beneath their roots. Restoring just 1.6 million acres of lost mangrove forests could capture an additional 1 gigaton of carbon.

    A Tidal Shift Towards Sustainability

    Navghar’s transformation reflects a broader movement sweeping across India’s coastline where communities are not just adapting to change but actively shaping it. The revival of mangroves, once overlooked and degraded, now stands as a testament to collective action and inclusive development.

    Through the integration of science, policy, and grassroots participation, India is forging a path where ecological restoration directly uplifts local economies. Women like Vandana Patil are no longer passive witnesses to environmental loss but active custodians of their natural heritage, securing livelihoods while nurturing resilience.

    This shift marks more than environmental progress. It signals a future where nature-based solutions become central to climate action and communities, once vulnerable, emerge as champions of sustainable change.

    References

    Click here to see PDF

    Santosh Kumar/ Sarla Meena/ Anchal Patiyal

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: CRIME AND CRIMINAL TRACKING NETWORK AND SYSTEM

    Source: Government of India

    Posted On: 01 APR 2025 3:47PM by PIB Delhi

    Crime and Criminal Tracking Network & Systems (CCTNS) facilitates collection, updation, and sharing of data related to crime and criminals in near real time basis. It facilitates various benefits to State/ Union Territory Police, Central Law Enforcement Agencies and citizens of India, as per details given below: 

    Benefits to Police and Central Law Enforcement Agencies(CLEAs):

    • Computerization of police processes, including filing of Complaints, FIRs, Investigation details, Chargesheet, Court disposal and appeals, Challans/Registers, etc.
    • Search on National/State database of crime & criminals
    • Enable sharing of data amongst Police, Central Law Enforcement Agencies (CLEAs), Courts, Prison, Forensic and Prosecution for effective justice delivery

    The following services have been provided to citizens at National level through Digital Police Portal and Central Citizen Services Portal:

    • Missing Persons search
    • Generate Vehicle NOC
    • Proclaimed Offenders information
    • Locate Nearest Police Station

    In addition, the following 9 mandated citizen services have been provided by State CCTNS Citizen Portals:

    • Filing of complaints to the concerned Police Station
    • Obtaining the status of complaints
    • Obtaining the copies of FIRs
    • Details of arrested persons/ wanted criminals
    • Details of missing/ kidnapped persons
    • Details of stolen/ recovered vehicles, arms and other properties
    • Submission of requests for issue/ renewal of various NOCs (Procession, Event / Performance, Protest/ Strike etc.)
    • Verification requests for servants, employment, passport, senior citizen registrations etc.
    • Portal for sharing information and enabling citizens to download required Forms

    (c) As on 01.02.2025, all 17,171 Police Stations across the country are connected and using CCTNS.

    This was stated by the Minister of State in the Ministry of Home Affairs Shri Bandi Sanjay Kumar in a written reply to a question in the Lok Sabha.

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  • MIL-OSI Asia-Pac: Promote Fishing Practices

    Source: Government of India

    Posted On: 01 APR 2025 3:45PM by PIB Delhi

    ‘Fisheries’ is a state subject. While the governance of fisheries in the territorial waters of 12 nautical miles falls under the domain of the State Governments, fisheries in the Exclusive Economic Zone (EEZ) and beyond is the subject of the Union Government. The ‘National Policy on Marine Fisheries, 2017’ (NPMF, 2017) notified by the Department of Fisheries, Government of India provides guidance for sustainable harnessing of marine resources in the country. The conservation and management measures implemented for sustainable harnessing of marine resources inter alia include 61 days of annual fishing ban, Ban on destructive fishing practices viz. paired bottom trawling or bull trawling and use of artificial and LED lights in fishing, marine protected areas (MPAs) and protection of endangered, threatened and protected (ETP) species, Turtle Excluder Devices (TEDs) in trawl nets, fishing gear and mesh-size regulations, minimum legal size (MLS) of fishes, spatial-temporal restrictions, and zonation of fishing areas by the coastal States/UTs, etc.

    The Department of Fisheries, Government of India is implementing a flagship scheme “Pradhan Mantri Matsya Sampada Yojana (PMMSY)” with a vision of ecologically healthy, economically viable and socially inclusive fisheries sector that contributes towards economic prosperity and well-being of fishers in a sustainable and responsible manner. Under PMMSY, the activities such as sea ranching and installation of artificial reefs are supported for the first time by the Government across entire coastline of India for enhancing the fish stocks and supporting livelihood of fishers. Besides, the activities such as mariculture including seaweed cultivation, open sea cage culture, bivalve culture and ornamental fisheries are also promoted under PMMSY to reduce the fishing pressure in the nearshore waters and enhancing marine production. Advisories are also issued to coastal States/UTs from time to time for preventing juvenile fishing and promoting sustainable fishing practices.

    Government schemes including PMMSY are aimed at reducing the post-harvest losses by development and modernization, strengthening of fisheries post-harvest infrastructure, value chain and marketing infrastructure including construction/ modernization and upgradation of fishing harbours/fish landing centres, setting up of markets and marketing infrastructures, providing cold-chain of transportation and storage facilities. During the last 10 years, the Government of India has approved the projects for construction/modernization of 67 Fishing Harbours and 50 Fish Landing Centres at a total cost of Rs 9,735.89 crore for safe landing and berthing of about 48,000 fishing vessels, benefitting 9 lakhs fishers and associated stakeholders. Further, the GoI has also created a dedicated fund namely ‘Fisheries and Aquaculture Infrastructure Development Fund’ (FIDF) with a corpus of Rs 7522.48 crore in 2018-19 for providing the concessional finance. GoI has also supported for improvements in the transportation & logistics network including processing facilities. This includes 27,189 fish transportation facilities, 6,916 fish retail markets, wholesale markets and fish kiosks, 11 integrated aquaparks, 1,725 fish feed mill/plants & ice plant/cold storages and 128 value added enterprise units. Three Modern and Smart Fish Markets are being developed with facilities such as IoT, e-Trading, green technology, logistic supply chain integration, etc.

    DoF, GoI is taking various steps under the PMMSY towards providing financial assistance to fishers, which includes livelihood and nutritional support provided annually to ~5.94 lakh fisher families during the fishing ban and lean periods. Besides, the Group Accident Insurance Scheme cover was increased from ₹1 lakh to ₹5 lakh benefiting 32.16 lakh fishers. The empowerment of fisheries cooperatives and entrepreneurship has been prioritized through the establishment of 2,195 Fisheries Farmer Producer Organizations (FFPOs). Additionally, 63 FFPOs have been integrated into the Open Network for Digital Commerce (ONDC), improving access to markets and fair pricing. Under the PMMSY, financial assistance is also provided to traditional fishers for acquisition of deep-sea fishing vessels, upgradation of existing fishing vessels for export competence, procurement of boats and nets by traditional fishers for better catch, vessel communication and support system and safety kits to ensure safety of fishermen at sea.

    The Government has taken several steps to increase the fish stocks, such as implementation of uniform fishing ban during monsoon season, ban on destructive fishing methods, discouraging juvenile fishing, installation of artificial reefs, promoting sea ranching, alternate/additional livelihood to coastal communities to reduce fishing pressure etc. The potential of fishery resources are estimated in regular intervals by committee of experts to ascertain the status of fish stocks and revalidation of potential of fishery resources in the Exclusive economic Zone of India. The sustainable fisheries in the maritime zones of India is ensured by way of implementation of laws, regulations and policies at national and state levels. As per the report of Marine Fish Stock Status of India 2022, published by ICAR-Central Marine Fisheries Research Institute (CMFRI), the marine fish stocks of the Indian waters are in good health and 91.1% of the 135 fish stocks evaluated in different regions during 2022 were found sustainable.

    The NPMF, 2017 inter alia recommends the use of Information Technology (IT) and Space Technology (ST) to ensure optimum use for harnessing the benefits in support of the fisher community. The DoF, GoI through its schemes and programs, has promoted use of IT and ST for various applications for the benefits of fishers such as providing real-time Potential Fishing Zone (PFZ) advisories and weather forecasts to fishers, use of Vessel Monitoring System/Automatic Identification System, safety kits to fishers for their safety. The Vessel Communication and Support System (VCSS) is provided to ensure safety of fishermen at sea. The bycatch could undermine the integrity of the marine ecosystem, therefore, DoF, GoI is providing 100% financial assistance to fishers shared between Centre and State/UTs in the ratio of 60% Central share and 40% State share without any share of fisher/beneficiary, for installation of Turtle Excluder Device (TED).

    The availability of fish and fish products throughout India is ensured through promotion of sustainable and responsible fishing practices, conservation and optimum utilization of fishery resources, promotion of aquaculture and reduction in post-harvest losses. Moreover, the DoF, GoI has been implementing various schemes and programs which inter alia promotes various activities for enhancing production and productivity of fishery resources, ensuring availability of fish as an affordable source of nutrition for the growing population, especially in low-income regions.

    This information was given by Union Minister of State, Ministry of Fisheries, Animal Husbandry and Dairying, Shri George Kurian, in a written reply in Lok Sabha on 1st April, 2025.

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Update on National Leprosy Eradication Programme

    Source: Government of India

    Update on National Leprosy Eradication Programme

    India achieved Elimination status for leprosy at National level. i.e. Prevalence Rate less than 1 per 10,000 population, in 2005

    Government of India launched the National Strategic Plan & Roadmap for Leprosy (2023-2027) on 30th January, 2023 to achieve zero transmission of leprosy by 2027, three years before the SDG target

    Posted On: 01 APR 2025 2:12PM by PIB Delhi

    The National Leprosy Eradication Programme (NLEP) is a centrally sponsored scheme under the overarching umbrella of National Health Mission (NHM). Funds are allocated to the programme activities under NHM on the basis of State/UT specific Programme Implementation Plans and States/UTs are required to utilize funds as per their need, priority and on the basis of their absorption capacity. India achieved Elimination status for leprosy at National level. i.e. Prevalence Rate (PR) less than 1 per 10,000 population in 2005. Further, Government of India also launched the National Strategic Plan (NSP) & Roadmap for Leprosy (2023-2027) on 30th January, 2023 to achieve zero transmission of leprosy by 2027 i.e. three years before the Sustainable Development Goal which is by 2030. The major initiatives taken under NLEP are as under:

    • National Strategic Plan (NSP) and Roadmap 2023-2027 & National Guidelines for Anti-Microbial Resistance for leprosy have been released on 30th January 2023.
    • Leprosy Case Detection Campaign (LCDC), Active Case Detection and Regular Surveillance, both in rural and urban areas, through ASHAs and Frontline Workers in order to ensure detection of leprosy cases on regular basis and at an early stage in order to prevent Grade II Disabilities.
    • Leprosy screening has been integrated with Rashtriya Bal Swasthya Karyakram (RBSK) and Rashtriya Kishore Swasthya Karyakram (RKSK) for screening of children (0-18 years).
    • Leprosy screening has been integrated with the activities of comprehensive primary health care under Ayushman Bharat Yojana for screening of people above 30 years of age.
    • Contact tracing is done and Post Exposure Prophylaxis (PEP) is administered to the eligible contacts of index case in order to interrupt the chain of transmission.
    • Various services are being provided under the programme for Disability Prevention and Medical Rehabilitation (DPMR) i.e., reaction management, provision of Microcellular Rubber (MCR) footwear, Aids & Appliances, self-care kits etc.
    • Reconstructive Surgeries (RCS) are conducted at District Hospitals/Medical Colleges/ Central Leprosy Institutes, and welfare allowance @ Rs 12,000/- is paid to each patient undergoing RCS.

    The number of cases detected annually under Leprosy Case Detection Campaign (LCDC) since its introduction are as under:

    Total Cases detected during LCDC since its introduction in 2016

    Total Cases detected during LCDC since its introduction in 2016

    Year

    Total no. of States covered

    Total new Cases detected

    LCDC-2016

    20

    34,672

    LCDC-2017

    23

    32,714

    LCDC-2018

    19

    23,356

    LCDC-2019

    23

    23,077

    LCDC-2020

    1

    908

    LCDC-2022

    17

    18,067

    LCDC-2023

    17

    31,088

    Source: Central Leprosy Division, Dte.GHS, MoHFW.

    Under the NLEP, treatment/ diagnostic services are provided free of cost to all the patients. There is also a provision of providing welfare allowance @ Rs. 12,000/- to patients undergoing Reconstructive Surgeries (RCS).

    The Union Minister of State for Health and Family Welfare, Smt. Anupriya Patel stated this in a written reply in the Rajya Sabha today.

     

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  • MIL-OSI Asia-Pac: Entrepreneurship in Fisheries Sector

    Source: Government of India

    Posted On: 01 APR 2025 3:32PM by PIB Delhi

    The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India has organized the Fisheries Startup Conclave on 8th March, 2025 at Hyderabad, Telangana to promote innovation and entrepreneurship in the fisheries sector. During the Conclave, the ‘Fisheries Startup Grand Challenge 2.0’ was launched with the aim to encourage the startups to develop transformative solutions in the fisheries sector and to drive innovation, sustainability and efficiency by supporting Startups with seed funding and incubation.  The Fisheries Startup Conclave witnessed active participation from over 50 fisheries startups, highlighting their innovations in areas such as aquaculture, fisheries technology, and value addition. Key outcomes of the conclave included the identification of potential areas for promoting innovation and sustainability, challenges and opportunities for startups regarding validation of their products & services, access to funding, market linkages, technology adoption and sustainability concerns.

    Under Fisheries Startup Grand Challenge 2.0, two Startup winners will be selected    for each of the five problem statements, resulting in a total of 10 Grand Winners. Each winning Startup will receive a cash prize of Rs. 10.00 lakh, amounting to Rs. 1 crore in seed funding support. Winning Startups will gain access to incubation facilities and mentorship provided by ICAR, National Fisheries Development Board, and attached offices of the Department of Fisheries, GoI. This challenge presents a unique opportunity for fisheries-focused startups to develop high-impact solutions, scale their innovations, and contribute to the growth and modernization of India’s fisheries sector. Earlier, on 13th January, 2022, Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying in collaboration with the Startup India under the Invest India, DPIIT, Government of India organised the Fisheries Grand Challenge 1.0, wherein,12 Startup winners were selected and awarded a cash grant of Rs 2.00 lakh each, including an incubation support and a seed grant up to Rs. 20.00 lakh (General category) and Rs. 30.00 lakh (SC/ST/Women) to 10 winners for transforming their ideas into effective pilots, which would further translate into commercialization. Further, the Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying, Government of India has also sanctioned 39 Nos of Project Proposals with subsidy assistance of Rs. 31.22 Crores, under the Entrepreneur Model of Pradhan Mantri Matsya Sampada Yojana (PMMSY) scheme.

    The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying Government of India is focusing on the areas in fisheries technology, aquaculture, and value addition by supporting a basket of interventions/activities along the fisheries value chain including quality fish production, expansion, diversification and intensification of aquaculture, promotion of export oriented species, infusion of technology, robust disease management and traceability, training and capacity building, creation of modern post-harvest infrastructure with seamless cold chain and processing facilities. The technology infusion and adoption has been enhanced through establishment of 52,058 reservoir cages, 22,057 RAS & Biofloc units and raceways and 1,525 sea cages approved under PMMSY with an investment of Rs. 3040.87 crore. The Department of Fisheries has collaborated with several research institutions under Indian Council of Agricultural Research (ICAR) and private incubators to boost the fisheries startup ecosystem.

    The Department of Fisheries has supported the establishment of five fisheries business incubation centers namely LINAC-NCDC Fisheries Business Incubation Centre (LlFIC), Guwahati Biotech Park, Assam, National Institute of Agricultural Extension Management (MANAGE), Hyderabad, ICAR-Central Institute of Fisheries Education (CIFE), Mumbai and ICAR-Central Institute of Fisheries Technology (CIFT), Kochi to provide mentorship and training for developing business models by fisheries start-ups, cooperatives, FPOs, and SHGs.

    The Department of Fisheries, Ministry of Fisheries, Animal Husbandry and Dairying Government of India has approved construction/modernization of 66 Fishing Harbors (FHs) and 50 Fish Landing Centers (FLCs) with total outlay of Rs. 9,558.91 crore that are expected to create safe landing and berthing for about 47,000 fishing vessels, benefitting 8.94 lakhs fishers and other stakeholders. 3 Smart & Integrated Fishing Harbours are being developed with global standards, technological advancements, seamless hygienic and post-harvest management etc. Under Fisheries Infrastructure and Aquaculture Development Fund (FIDF) 141 proposals have been approved with a total project cost of Rs. 5915.54 crore. This included establishment/ upgradation/maintenance of 22 Fishing harbours and 24 Fish Landing Centres at an outlay of Rs. 4,905.77 crore and Rs. 182.20 crore, respectively. 6.16 lakh stakeholders are expected to benefit, and 2.5 lakh employment opportunities will be created including 8,000 stakeholders benefiting from 33 private investment projects.

    Under Pradhan Mantri Matsya Sampada Yojana (PMMSY) and Fisheries and Aquaculture Infrastructure Development Fund (FIDF) the Department of Fisheries has approved the development of post-harvest interface viz- cold storage, fish processing and Marketing infrastructure. The major post-harvest and Marketing infrastructure include; 66 fishing harbours/fish landing centres, 634 ice plants/cold storages, 21 Modern wholesale fish markets including 3 Smart Wholesale Markets, 202 retail fish markets, 6694 fish kiosks, 27118 units of fish transportation facilities, 128 value add enterprises, 5 E-platform for e-trading and e-marketing of fish and fisheries products. Further, the Department of Fisheries signed a Memorandum of Understanding (MoU) with Open Network for Digital Commerce (ONDC) with an objective to provide a digital platform and empower all stakeholders including traditional fishermen, fish farmers producer organization, entrepreneurs from fisheries sector to buy and sell their products through e-market place. Further, PMMSY has supported 2195 fisheries cooperatives as Fish Farmers Producer Organizations (FFPOs) with project outlay of Rs. 544.85 crore to facilitate fishermen with better market linkages, improved bargaining power and sustainable value-chain for higher returns.

    This information was given by Union Minister of State, Ministry of Fisheries, Animal Husbandry and Dairying, Shri George Kurian, in a written reply in Lok Sabha on 1st April, 2025.

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  • MIL-OSI Asia-Pac: Secretary for Health meets Deputy Commissioner of National Medical Products Administration (with photos)

    Source: Hong Kong Government special administrative region

    The Secretary for Health, Professor Lo Chung-mau, met with Deputy Commissioner of the National Medical Products Administration Dr Xu Jinghe today (April 1) to have an in-depth exchange on the regulatory regime and reform of drugs and medical devices.  

    Professor Lo said, “The Guangdong-Hong Kong-Macao Greater Bay Area has been ushering in immense opportunities for medical and biotechnological developments in recent years. The National 14th Five-Year Plan has expressed clear support to develop Hong Kong into an international innovation and technology hub. Biomedicine and medical innovation are directly related to people’s life and health and also represent immense new quality productive forces. The Resolution of the Communist Party of China (CPC) Central Committee on Further Deepening Reform Comprehensively to Advance Chinese Modernization adopted by the Third Plenary Session of the 20th CPC Central Committee also pointed out the need to deepen medical and healthcare reform and to support the development mechanisms for innovative drugs and medical devices.

         “The Hong Kong Special Administrative Region (HKSAR) Government strenuously works in line with the national objective of deepening medical and healthcare reform by pursuing innovation in the medical field. While integrating into the national development, the HKSAR will capitalise on its unique advantages of international influence and professions to the fullest to develop the city into an international health and medical innovation hub, thereby enabling the innovative medical technologies to go global and attract foreign investment and developing new quality productive forces in biomedicine. Hong Kong will strive to give full play to our strengths to serve the country’s needs amid the comprehensive deepening of reform.”

    While introducing the approval mechanism for drugs and medical devices, Professor Lo emphasised, “The HKSAR Government will expedite the reform of the approval mechanism for drugs and medical devices to meet the institutional requirement necessary for the health and medical innovation development, such as extending the ‘1+’ mechanism to cover all new drugs, including vaccines and advanced therapy products, since November 1 last year; preparing for the establishment of the Hong Kong Centre for Medical Products Regulation (CMPR) to progress towards the ‘primary evaluation’ approach, with a view to fully strengthening the drug approval capability of the HKSAR; and taking forward preparatory work for legislating for the statutory regulation of medical devices to dovetail with the timetable for the establishment of the CMPR.”

    The Director of Health, Dr Ronald Lam, and representatives from the Health Bureau and the Department of Health also attended the meeting today.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Lease arrangements for public market stalls in April

    Source: Hong Kong Government special administrative region

    The Food and Environmental Hygiene Department (FEHD) announced today (April 1) that open auctions for a total of 642 stalls in 46 public markets will be held in April. Market stalls not taken at open auctions will be available to the public for renting at their upset prices on April 22 on a first-come, first-served basis.

    1. Open auctions

    The types of stalls to be auctioned this time cover cooked food, frozen meat, fresh meat, fresh fish, frozen (chilled) poultry, fruits, vegetables, ready-to-eat food, food-related dry goods and wet goods, non-food related dry goods and wet goods, service trades, siu mei and lo mei, mobile phones/mobile phone accessories/electronic products/electronic parts, pet goods and pet food, hardware/locksmith, etc. The tenancy agreement is a three-year fixed term from May 1, with no right of renewal upon expiry of the tenancy agreement. The upset prices of the monthly rent of the stalls vary depending on the sizes, locations and vacancy periods of the individual stalls. The upset prices for the stalls in an open auction will be initially fixed at 80 per cent of the open market rent (OMR) if the stalls have been vacant for over six months, and at 60 per cent of the OMR if the vacant period has been over eight months. Relevant information is available on the FEHD website.

    The date and venue of the auctions and the number of stalls are as follows:

    Kowloon (except Lai Wan Market) (1)
    —————————————–
    Auction date: April 8 (Tuesday) (am)
    Auction venue: Room 410, 4/F, Food and Environmental Hygiene Department Nam Cheong Offices and Vehicle Depot, 87 Yen Chow Street West, Kowloon
    Number of stalls: 101

    Lai Wan Market
    —————–
    Auction date: April 8 (Tuesday) (pm)
    Auction venue: Room 410, 4/F, Food and Environmental Hygiene Department Nam Cheong Offices and Vehicle Depot, 87 Yen Chow Street West, Kowloon
    Number of stalls: two

    Kowloon (except Lai Wan Market) (2)
    —————————————–
    Auction date: April 9 (Wednesday) (am)
    Auction venue: Room 410, 4/F, Food and Environmental Hygiene Department Nam Cheong Offices and Vehicle Depot, 87 Yen Chow Street West, Kowloon
    Number of stalls: 46

    Kowloon (except Lai Wan Market) (3)
    —————————————–
    Auction date: April 9 (Wednesday) (pm)
    Auction venue: Room 410, 4/F, Food and Environmental Hygiene Department Nam Cheong Offices and Vehicle Depot, 87 Yen Chow Street West, Kowloon
    Number of stalls: 28

    New Territories (1)
    ———————
    Auction date: April 10 (Thursday) (am)
    Auction venue: Tseng Choi Street Community Hall, 27 Tseng Choi Street, Tuen Mun, New Territories
    Number of stalls: 126

    Hong Kong Island and Islands District (except Aberdeen Market) (1)
    —————————————————————————-
    Auction date: April 11 (Friday) (am)
    Auction venue: Room 410, 4/F, Food and Environmental Hygiene Department Nam Cheong Offices and Vehicle Depot, 87 Yen Chow Street West, Kowloon
    Number of stalls: 118

    Aberdeen Market
    ——————-
    Auction date: April 11 (Friday) (pm)
    Auction venue: Room 410, 4/F, Food and Environmental Hygiene Department Nam Cheong Offices and Vehicle Depot, 87 Yen Chow Street West, Kowloon
    Number of stalls: 21

    Hong Kong Island and Islands District (except Aberdeen Market) (2)
    —————————————————————————-
    Auction date: April 14 (Monday) (am)
    Auction venue: Room 410, 4/F, Food and Environmental Hygiene Department Nam Cheong Offices and Vehicle Depot, 87 Yen Chow Street West, Kowloon
    Number of stalls: 81

    Hong Kong Island and Islands District (except Aberdeen Market) (3)
    —————————————————————————-
    Auction date: April 14 (Monday) (pm)
    Auction venue: Room 410, 4/F, Food and Environmental Hygiene Department Nam Cheong Offices and Vehicle Depot, 87 Yen Chow Street West, Kowloon
    Number of stalls: 63

    New Territories (2)
    ———————
    Auction date: April 15 (Tuesday) (am)
    Auction venue: Room 410, 4/F, Food and Environmental Hygiene Department Nam Cheong Offices and Vehicle Depot, 87 Yen Chow Street West, Kowloon
    Number of stalls: 56

    Limited seats are available on a first-come, first-served basis. The admission tickets will be issued 30 minutes prior to the commencement of each auction. Persons who want to attend the auctions must wait at the waiting area of the auction venue and produce their Hong Kong identity card or passport for registration. The registered person will then be provided with an admission ticket for the auctions. In addition, eligible bidders after verification will be issued with a bidding paddle for the auction. The FEHD has also invited representatives of the Police and the Independent Commission Against Corruption to monitor the auctions at the auction venue in order to ensure that the open auctions are conducted in an orderly and fair manner.

    2. Renting at upset prices on first-come, first-served basis

    The tenancy agreement of market stalls renting on a first-come, first-served basis is a three-year fixed term from June 1, with no right of renewal upon expiry of the tenancy agreement. The upset prices of the monthly rent of the stalls vary depending on their sizes, locations, vacancy periods and the reduced upset prices from the last open auction of the individual stalls. Relevant information is available on the FEHD website after open auctions.

    Members of the public who are interested in renting a market stall at its upset price should approach the following FEHD offices, as appropriate, to apply in person from 9.30am to 12.30pm or 2.30pm to 4.30pm on April 22:
     

    Districts in which the market stalls are located Venues for selection of market stalls
    Hong Kong Island and Islands District Hawkers and Markets Section (Hong Kong and Islands) Office, 8/F, Lockhart Road Municipal Services Building,
    225 Hennessy Road, Wan Chai, Hong Kong
    Kowloon Hawkers and Markets Section (Kowloon) Office, Room 301-302, 3/F, Food and Environmental Hygiene Department Nam Cheong Offices and Vehicle Depot, 87 Yen Chow Street West, Kowloon
    Kwai Tsing District Kwai Tsing District Environmental Hygiene Office, 9/F, Kwai Hing Government Offices, 166-174 Hing Fong Road, Kwai Chung, New Territories
    North District North District Environmental Hygiene Office, 4/F, Shek Wu Hui Municipal Services Building, 13 Chi Cheong Road, Sheung Shui, New Territories
    Sai Kung District Sai Kung District Environmental Hygiene Office, 7/F, Sai Kung Tseung Kwan O Government Complex, 38 Pui Shing Road, Tseung Kwan O, New Territories
    Sha Tin District Sha Tin District Environmental Hygiene Office, Units 1201-1207 and 1220-1221, 12/F, Tower 1, Grand Central Plaza, 138 Sha Tin Rural Committee Road, Sha Tin, New Territories
    Tai Po District Tai Po District Environmental Hygiene Office, 3/F, Tai Po Complex, 8 Heung Sze Wui Street, Tai Po, New Territories
    Tsuen Wan District Tsuen Wan District Environmental Hygiene Office, 3/F, Yeung Uk Road Municipal Services Building, 45 Yeung Uk Road, Tsuen Wan, New Territories
    Tuen Mun District Tuen Mun District Environmental Hygiene Office, 1/F, Tuen Mun Government Offices Building, 1 Tuen Hi Road, Tuen Mun, New Territories
    Yuen Long District Yuen Long District Environmental Hygiene Office, 2/F, Yuen Long Government Offices, 2 Kiu Lok Square, Yuen Long, New Territories

     
         A spokesman for the FEHD said, “Bidders or applicants for the market stalls must be at least 18 years old and ordinarily reside in Hong Kong. To allow more people to bid for or select the stalls and increase customer choices by enhancing the diversity in terms of the variety of stalls, there will be a restriction on the number of stalls to be rented in the same market by a single tenant. Any person who is currently a stall tenant is not allowed to bid in the first round of auction for any stall in the same market, and will only be allowed to bid for one stall in the second round of auction or to select one stall in the same market on a first-come, first-served basis. The existing tenants under the new three-year fixed term tenancy scheme (i.e. those persons who became stall tenants through the market open auctions after August 2022) are allowed to bid for a stall in the auction or select a stall on a first-come, first-served basis in the same market, but shall vacate the current stall and return it to the FEHD before the effective date of commencement of the new tenancy agreement.”

    ​Details of the open auctions and the public market stalls concerned (including stalls for open auction at reduced upset prices) have been uploaded to the FEHD website (www.fehd.gov.hk/english/pleasant_environment/tidy_market/open_auction_coming.html). Details on renting public market stalls on a first-come, first-served basis will be uploaded to the FEHD website after open auctions (www.fehd.gov.hk/english/pleasant_environment/tidy_market/FCFS/index.html). Interested bidders or applicants may visit the department website or contact the respective District Environmental Hygiene Office.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Fraudulent website and internet banking login screen related to Chong Hing Bank Limited

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:

    The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Chong Hing Bank Limited relating to a fraudulent website and an internet banking login screen, which have been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.
     
    The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).
     
    Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the website or login screen concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Fraudulent mobile application related to Bank of Singapore Limited

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:

    The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Bank of Singapore Limited relating to a fraudulent mobile application (App), which has been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.

    The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).

    Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the App concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Fraudulent website and internet banking login screen related to Shanghai Commercial Bank Limited

    Source: Hong Kong Government special administrative region

    The following is issued on behalf of the Hong Kong Monetary Authority:

    The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Shanghai Commercial Bank Limited relating to a fraudulent website and an internet banking login screen, which have been reported to the HKMA. A hyperlink to the press release is available on the HKMA website.

    The HKMA wishes to remind the public that banks will not send SMS or emails with embedded hyperlinks which direct them to the banks’ websites to carry out transactions. They will not ask customers for sensitive personal information, such as login passwords or one-time password, by phone, email or SMS (including via embedded hyperlinks).
     
    Anyone who has provided his or her personal information, or who has conducted any financial transactions, through or in response to the website or login screen concerned, should contact the bank using the contact information provided in the press release, and report the matter to the Police by contacting the Crime Wing Information Centre of the Hong Kong Police Force at 2860 5012.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Welcome remarks by SDEV at opening ceremony of International Water Pioneers Summit (English only)

    Source: Hong Kong Government special administrative region

    Welcome remarks by SDEV at opening ceremony of International Water Pioneers Summit (English only) 
    Honourable Minister Li Guoying (the Minister of Water Resources), distinguished guests, ladies and gentlemen,
     
    A very warm welcome to all of you to Hong Kong and to this International Water Pioneers Summit. It is my honour to join prestigious water leaders on this significant occasion and to benefit from discussions among experts.
     
    First of all, I would like to take this opportunity to extend my sincere gratitude to the co-organisers, including Hong Kong branch of the Chartered Institution of Water and Environmental Management, the Hong Kong Institution of Engineers and the Hong Kong branch of the Chartered Institute of Plumbing and Heating Engineering. I thank them for their collaboration and generous effort to make the Summit possible. My heartfelt thanks also goes to the Minister of Water Resources of China and his team for their presence in this Summit. Your presence means a lot to us. I also wish to thank all our distinguished speakers and moderators from the Mainland and overseas for accepting our invitations and travelling to Hong Kong to participate in this Summit. We are honoured to welcome an exceptional lineup of speakers and moderators from nine countries across four continents here today. They are distinguished experts and leaders of international water and health organisations and senior government officials. With these renowned leaders sharing their insights, I am sure the upcoming exchanges would be inspiring and rewarding.
     
    From the Hong Kong Palace Museum to the theme of the Summit
     
    Today’s venue, the Hong Kong Palace Museum showcasing the rich tapestry of Chinese art and culture, is a setting particularly fit for the Summit. Water is the essence of life and the cornerstone of human civilisation. It also has symbolic meanings in the Chinese culture. Most of you would have come across the Exhibition of Chinese Water Culture in the foyer before entering this Auditorium. The exhibition explains the origin, symbolism, philosophy and wisdom of water through the lens of Chinese culture. It also reminds us how water has shaped human civilisation, culture and connections.
     
    The supply of Dongjiang water from the Mainland is a showcase of the Chinese water culture. It is not just an engineering achievement to address Hong Kong’s water demand. More importantly, it is a touching demonstration of the core value in Chinese culture, “血濃於水” in Chinese, which means “family connections are inseparable”. The supply of Dongjiang water underscores the deep bonding between our country and Hong Kong as a special administrative region, as well as the unwavering love of our Motherland for Hong Kong. The extended spirit of unity and the sense of mission extending beyond the family to make the world a better place, serves as a guiding principle for us to work together to foster a community of life against the global water challenges.
     
    With the growing impacts of global climate change and increasing pressure on how best we should use the finite resources around the world, the sustainable management of water is no longer optional but imperative. The theme of the Summit, “Smart Water · High-Quality Development”, is undoubtedly very close to our hearts as it captures the urgency and importance of our having to overcome challenges we face nowadays. We need collective responses. We need innovative and actionable solutions. We also need forward-thinking strategies. Today’s Summit comes in time.

    The theme of the Summit – “Smart Water · High-Quality Development”
     
    So how can we achieve “Smart Water · High-Quality Development”? Our morning session will focus on the high-quality development of water supply and technologies in response to global crises, the essential co-ordination of water, economy, and ecology for sustainable growth, and the transformative role of digital technologies and artificial intelligence in enhancing water management.
     
    And we all know that the reliability and safety of water supplies are crucial to public health. So in the afternoon session, our speakers will lead us in delving into crucial strategies and technological advances for developing low-carbon, as well as green urban and rural water systems. We will also touch on recent developments in drinking water safety, and the challenges and opportunities in protecting health through water, adaptability, sanitation, and hygiene (WASH).
     
    The special panel discussion – Belt and Road
     
    The Belt and Road Initiative proposed by President Xi Jinping in 2013 has connected countries, regions and continents through advancing infrastructure development and strengthening collaboration in various aspects. To bolster high-quality co-operation in water management among countries along the Belt and Road, a special panel discussion is arranged in this Summit to showcase successful examples of collaboration and highlight how shared expertise and resources can pave the way for sustainable water management across borders.
     
    Special keynote speeches on the Dongjiang Water Supply
     
    Another highlight of today’s programme is the special keynote session on the Dongjiang water supply to Hong Kong, which is scheduled to take place later in the afternoon. I am sure that the renowned speakers would provide valuable insights on this mega water supply project, the achievement in safeguarding the water quality of the Dongjiang water and a great strive taken over the years in advancing the operation and maintenance through smart technologies.
     
    Ladies and gentlemen, the significance of this Summit lies not only in the exchange of knowledge but also in the spirit of collaboration it fosters. Water is not just a resource, it is a lifeline of the ecosystems, economies and communities to where we belong.
     
    As we embark on today’s discussions, let us remember that the challenges we face can only be solved through collective efforts. I encourage everyone here to actively engage in the discussions. Once again, a warm welcome to all of you and I wish the Summit every success. Thank you.
    Issued at HKT 13:23

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Missing man in Yau Ma Tei located

    Source: Hong Kong Government special administrative region

         A man who went missing in Yau Ma Tei has been located.

         Law Ah-cheung, aged 70, went missing after he was last seen at an elderly home on Man Ying Street on March 28 afternoon. Staff of the caring home then made a report to Police.

         The man was located in a park at the junction of Canton Road and Jordan Road yesterday afternoon (March 31). He sustained no injuries and no suspicious circumstances were detected.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: CFS announces test results of targeted surveillance on nutrition labelling of breakfast cereal

    Source: Hong Kong Government special administrative region

    The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department today (April 1) released the test results of a targeted food surveillance project on the nutrition labelling of breakfast cereal. Among 40 samples tested, three samples were found with total fat or saturated fat content inconsistent with the declared values on their nutrition labels, while one sample was found to have a label format on durability indication that was not in compliance with legal requirements. The remaining 36 samples passed the test.

    “The CFS collected samples from different retail outlets for the targeted food surveillance project. Tests were conducted to check if the energy content and specified nutrient content (total fat, saturated fat, trans fat, sugars, sodium, protein, carbohydrates, and more) are consistent with the declared values on their nutrition labels. The food labels were also checked if they comply with relevant requirements under the laws,” a spokesman for the CFS said.

    The CFS has announced the irregularities on the actual nutrient contents earlier. The vendors concerned have also stopped selling the relevant batches of the affected products. Prosecution will be instituted should there be sufficient evidence.

    The Food and Drugs (Composition and Labelling) Regulations (Cap. 132W) require all applicable prepackaged foods to list the ingredients and the content of energy plus seven core nutrients, namely carbohydrates, protein, total fat, saturated fat, trans fat, sodium and sugars, and regulate any associated nutrition claims. The “best before” or “use by” date of all prepackaged food shall be shown either in Arabic numerals or in both the English and Chinese languages.

    Nutrition labelling can assist consumers in making informed food choices, encourage food manufacturers to apply sound nutrition principles in the formulation of foods, and regulate misleading or deceptive labels and claims. According to Section 61 of the Public Health and Municipal Services Ordinance (Cap. 132), if any person falsely describes food or misleads as to the nature, substance or quality of the food on a label of the food sold by him or her, he or she shall be guilty of an offence and liable to a maximum fine of $50,000 and six months’ imprisonment upon conviction.

    The CFS will continue to conduct surveillance on other food samples to check if their energy content and specified nutrient content are consistent with the declared values on their nutrition labels, and the results will be released in due course. The spokesman reminded the food trade to comply with the law, and urged members of the public to pay attention to the information on nutrition labels when purchasing food to make informed food choices to achieve a balanced diet and stay healthy.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Ring Energy Announces the Closing of the Lime Rock Permian Basin Assets Acquisition

    Source: GlobeNewswire (MIL-OSI)

    THE WOODLANDS, Texas, April 01, 2025 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) announced that it has completed its previously-announced acquisition (the “Transaction”) of the Central Basin Platform (“CBP”) assets of Lime Rock Resources IV, LP (“Lime Rock”) on March 31, 2025. Lime Rock’s CBP operations are located in the Permian Basin in Andrews County, Texas, and are focused on the development of approximately 17,700 net acres where the majority are similar to Ring’s existing CBP assets in the Shafter Lake area, and the remaining acreage exposes the Company to new active plays.

    KEY HIGHLIGHTS

    • HIGHLY ACCRETIVE: 2,300 barrels of oil equivalent per day (“Boe/d”) (>80% oil) of low-decline net production from ~101 gross wells driving $34 million of 2025E Adjusted EBITDA1
      • Accretive to key Ring per share financial and operating metrics, and attractively valued at <85% of Proved Developed (“PD”) PV-101,2
    • INCREASED SCALE AND OPERATIONAL SYNERGIES: ~17,700 net acres (100% HBP) mostly contiguous to Ring’s existing footprint
      • Expands legacy CBP footprint with seamless integration and identified cost reduction opportunities
    • MEANINGFUL ADJUSTED FREE CASH FLOW (“AFCF”)1 GENERATION: Supported by $120 million of oil-weighted PD PV-101,2reserves
      • Higher AFCF, shallow decline and reduced reinvestment rate accelerates debt reduction
    • STRENGTHENS HIGH-RETURN INVENTORY PORTFOLIO: >40 gross locations that immediately compete for capital
      • Improves inventory of proven drilling locations with superior economics in active development areas
    • CREATES A STRONGER AND MORE RESILIENT COMPANY
      • Solidifies position as a leading conventional Permian consolidator while strengthening the operational and financial base

    Mr. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, “We are pleased to announce the closing of our acquisition of Lime Rock’s CBP assets in the Permian Basin. The majority of these assets are similar to the conventional-focused CBP assets in our core Shafter Lake operations, which will allow us to quickly integrate the assets into our operations. The acquisition further consolidates assets in core counties in the CBP defined by shallow declines, high margin production and undeveloped inventory that immediately competes for capital, and provide for near-term opportunities for field level synergies and cost savings. As in the past, we will continue to execute our value focused proven strategy that we believe best positions the Company for long-term success.”

    TRANSACTION CONSIDERATION

    After taking into account preliminary purchase price adjustments, consideration for the Transaction consisted of:

    • A cash payment of approximately $63.6 million net of the $5 million deposit payment made in February;
    • $10.0 million deferred cash payment due on or about December 31, 2025; and
    • The issuance of approximately 6.5 million shares of common stock.

    The cash payment at closing was funded with cash on hand and borrowings under Ring’s senior revolving credit facility.

    ADVISORS        

    Greenhill, a Mizuho affiliate, acted as sole financial advisor to Ring in connection with the acquisition and Jones & Keller, P.C. served as legal counsel. Truist Securities served as financial advisor to Lime Rock and Kirkland & Ellis LLP served as legal counsel.

    ABOUT RING ENERGY, INC.

    Ring Energy, Inc. is an oil and gas exploration, development, and production company with current operations focused on the development of its Permian Basin assets. For additional information, please visit www.ringenergy.com.

    NON-GAAP INFORMATION

    Certain financial information utilized by the Company are not measures of financial performance recognized by accounting principles generally accepted in the United States (“GAAP”).

    The Company defines “Adjusted EBITDA” as net income (loss) plus net interest expense (including interest income and expense), unrealized loss (gain) on change in fair value of derivatives, ceiling test impairment, income tax (benefit) expense, depreciation, depletion and amortization, asset retirement obligation accretion, transaction costs for executed acquisitions and divestitures (A&D), share-based compensation, loss (gain) on disposal of assets, and backing out the effect of other income. Company management believes Adjusted EBITDA is relevant and useful because it helps investors understand Ring’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 Ring 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 cannot provide a reconciliation of 2025E Adjusted EBITDA without unreasonable efforts because it is unable to predict with reasonable certainty the ultimate outcome of certain significant items required for reconciliation. These items are uncertain, depend on various factors and could have a material impact on GAAP reported results.

    The Company defines “Adjusted Free Cash Flow” or “AFCF” as Net Cash Provided by Operating Activities less changes in operating assets and liabilities (as reflected on our Condensed Statement of Cash Flows), plus transaction costs for executed acquisitions and divestitures (A&D), current income tax expense (benefit), proceeds from divestitures of equipment for oil and natural gas properties, loss (gain) on disposal of assets, and less capital expenditures, bad debt expense, and other income. For this purpose, our definition of capital expenditures includes costs incurred related to oil and natural gas properties (such as drilling and infrastructure costs and lease maintenance costs) but excludes acquisition costs of oil and gas properties from third parties that are not included in our capital expenditures guidance provided to investors. Our management believes that Adjusted Free Cash Flow is an important financial performance measure for use in evaluating the performance and efficiency of our current operating activities after the impact of capital expenditures and net interest expense (including interest income and expense, excluding amortization of deferred financing costs) and without being impacted by items such as changes associated with working capital, which can vary substantially from one period to another. Other companies may use different definitions of Adjusted Free Cash Flow.

    PV-10 is a non-GAAP financial measure that differs from a financial measure under GAAP known as “standardized measure of discounted future net cash flows” in that PV-10 is calculated without including future income taxes. The Company believes the presentation of PV-10 provides useful information because it is widely used by investors in evaluating oil and natural gas companies without regard to specific income tax characteristics of such entities. PV-10 is not intended to represent the current market value of the Company’s estimated proved reserves. PV-10 should not be considered in isolation or as a substitute for the standardized measure as defined under GAAP. The Company also presents PV-10 at strip pricing, which is PV-10 adjusted for price sensitivities. Since GAAP does not prescribe a comparable GAAP measure for PV-10 of reserves adjusted for pricing sensitivities, it is not practicable for the Company to reconcile PV-10 at strip pricing to a standardized measure or any other GAAP measure.

    SAFE HARBOR STATEMENT

    This 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. Forward-looking statements involve a wide variety of risks and uncertainties, and include, without limitation, statements with respect to the Company’s strategy and prospects. The forward-looking statements include statements about the expected benefits to the Company and its shareholders from the Transaction; the Company’s future reserves, production, financial position, business strategy, revenues, earnings, costs, capital expenditures and debt levels of the Company, and plans and objectives of management for future operations. Forward-looking statements are based on current expectations and subject to numerous assumptions and analyses made by Ring and its management considering their experience and perception of historical trends, current conditions and expected future developments, as well as other factors appropriate under the circumstances. However, whether actual results and developments will conform to expectations is subject to a number of material risks and uncertainties, including but not limited to: the Company’s ability to successfully integrate the oil and gas properties to be acquired in the Transaction and achieve the anticipated benefits from them; risks relating to unforeseen liabilities of Ring or the assets acquired in the Transaction; declines in oil, natural gas liquids or natural gas prices; the level of success in exploration, development and production activities; adverse weather conditions that may negatively impact development or production activities particularly in the winter; the timing of exploration and development expenditures; inaccuracies of reserve estimates or assumptions underlying them; revisions to reserve estimates as a result of changes in commodity prices; impacts to financial statements as a result of impairment write-downs; risks related to the level of indebtedness and periodic redeterminations of the borrowing base and interest rates under the Company’s credit facility; Ring’s ability to generate sufficient cash flows from operations to meet the internally funded portion of its capital expenditures budget; the impacts of hedging on results of operations; the effects of future regulatory or legislative actions; cost and availability of transportation and storage capacity as a result of oversupply, government regulation or other factors; and Ring’s ability to replace oil and natural gas reserves. Such statements are subject to certain risks and uncertainties which are disclosed in the Company’s reports filed with the Securities and Exchange Commission (“SEC”), including its Form 10-K for the fiscal year ended December 31, 2024, and its other SEC filings. Ring undertakes no obligation to revise or update publicly any forward-looking statements, except as required by law.

    CONTACT INFORMATION

    Al Petrie Advisors

    Al Petrie, Senior Partner

    Phone: 281-975-2146

    Email: apetrie@ringenergy.com

    FOOTNOTES

    1. Represents a non-GAAP financial measure that should not be considered a substitute for any GAAP measure. See section in this release titled “Non-GAAP Information” for a more detailed discussion.
    2. Proved reserves determined by internal management estimates based on NYMEX strip pricing as of February 19, 2025.

    The MIL Network –

  • MIL-OSI: TransUnion Completes Acquisition of Credit Prequalification and Distribution Platform Monevo

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, April 01, 2025 (GLOBE NEWSWIRE) — TransUnion (NYSE:TRU) today announced the completion of the acquisition of Monevo from Quint Group Limited. The news follows January’s announcement that TransUnion had signed a definitive agreement to acquire U.K.-based Monevo, a credit prequalification and distribution platform that empowers lenders and banks to deliver highly personalized credit offers to consumers via comparison websites and other third parties. TransUnion had previously held 30% of the equity of Monevo after acquiring a minority stake in 2021.

    “We are delighted to welcome Monevo into the TransUnion family,” said Steve Chaouki, President, U.S. Markets, TransUnion. “We anticipate that Monevo’s platform will enhance our portfolio and our proposition to lenders. Prequalification, or eligibility, is critical to the consumer lending process, which supports our mission to make trust possible in global commerce and helps us to deliver on our wider goal of using Information for Good®.”

    Monevo’s platform enables comparison websites and other online brands known as publishers to embed highly personalized credit offers, predominantly in the U.K. and U.S. markets. Working with over 150 banks and credit providers globally, Monevo’s centralized technology and decisioning infrastructure integrates lenders and publishers, allowing them to deliver better outcomes to consumers who are searching online for credit offers. Those consumers are able to see their likelihood of being approved for credit products before applying with lenders, instilling confidence and removing unnecessary searches that have the potential to impact their credit scores adversely.

    “Monevo’s proposition enables credit distribution for some of the world’s largest banks and lenders, supporting our aim to improve access to credit for consumers,” said Madhu Kejriwal, Regional President, TransUnion U.K. & Europe. “We expect that the acquisition will further enable publishers and lenders to benefit from improved economics, while consumers experience a more compelling and personalized online credit shopping experience – receiving tailored offers that won’t impact their credit scores.”

    “Today Monevo powers credit distribution for some of the world’s largest banks and lenders, achieved through a world-class technology platform and powerful, mutually beneficial relationships in both the U.S. and U.K. markets,” said Greg Cox, Founder & CEO of Quint Group and Monevo. “This acquisition is the natural next step for Monevo. With TransUnion, we expect that the business will be able to leverage new resources and access new markets, allowing it to continue to realise its potential and improve access to credit on a global scale.”

    The terms of the transaction have not been disclosed. The transaction was funded via existing cash-on-hand and is not expected to have a material impact on leverage, liquidity or TransUnion’s 2025 operating results.

    About TransUnion (NYSE: TRU)

    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries, including the United Kingdom. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this by providing an actionable view of consumers, stewarded with care.

    Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.

    For more information, visit www.transunion.com

    TransUnion Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of TransUnion’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those described in the forward-looking statements. Any statements made in this press release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements include information concerning possible or assumed future results of operations, including our guidance and descriptions of our business plans and strategies. These statements often include words such as “anticipate,” “expect,” “guidance,” “suggest,” “plan,” “believe,” “intend,” “estimate,” “target,” “project,” “should,” “could,” “would,” “may,” “will,” “forecast,” “outlook,” “potential,” “continues,” “seeks,” “predicts,” or the negatives of these words and other similar expressions.

    Factors that could cause actual results to differ materially from those described in the forward-looking statements include: failure to realise the synergies and other benefits expected from the acquisition of Monevo;  the possibility that the acquisition, including the integration of Monevo, may be more costly to complete than anticipated; business disruption following the acquisition closing; risks related to disruption of management time from ongoing business operations and other opportunities due to the acquisition; the effects of pending and future legislation and regulatory actions and reforms; macroeconomic and industry trends and adverse developments in the debt, consumer credit and financial services markets and other macroeconomic factors beyond TransUnion’s control; risks related to TransUnion’s indebtedness, including our ability to make timely payments of principal and interest and our ability to satisfy covenants in the agreements governing our indebtedness; and other one-time events and other factors that can be found in our Annual Report on Form 10-K for the year ended December 31, 2024, and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K, which are filed with the Securities and Exchange Commission and are available on TransUnion’s website (www.transunion.com/tru) and on the Securities and Exchange Commission’s website (www.sec.gov). Many of these factors are beyond our control. The forward-looking statements contained in this press release speak only as of the date of this press release. We undertake no obligation to publicly release the result of any revisions to these forward-looking statements to reflect the impact of events or circumstances that may arise after the date of this press release.

    Contact Dave Blumberg
    TransUnion
    E-mail david.blumberg@transunion.com
    Telephone 312-972-6646

    The MIL Network –

  • MIL-OSI: YieldMax™ ETFs Announces Distributions on BIGY ($0.4582) and SOXY ($0.4266)

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO and MILWAUKEE and NEW YORK, April 01, 2025 (GLOBE NEWSWIRE) — YieldMax™ today announced distributions for the YieldMax™ Target 12™ ETFs listed in the table below. The Fund seeks to generate income with a 12% target annual income level.


    ETF
    Ticker    1    		 ETF Name Distribution
    Frequency    		 Distribution 
    per Share    		 Distribution
    Rate    2    		 30-Day
    SEC Yield3    		 ROC4 Ex-Date &
    Record Date    		 Payment
    Date
    BIGY YieldMax™ Target 12™ Big
    50 Option Income ETF    		   Monthly   $0.4582 12.00% 0.03% 0.00% 4/2/25 4/3/25
    SOXY YieldMax™ Target 12™
    Semiconductor Option
    Income ETF    		 Monthly $0.4266 12.00% 0.00% 0.00% 4/2/25 4/3/25

    You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from period to period and may be zero.

    Investors in the Funds will not have rights to receive dividends or other distributions with respect to the underlying reference asset(s).

    1 Each ETF’s strategy will cap potential gains if its reference asset’s shares increase in value, yet subjects an investor to all potential losses if the reference asset’s shares decrease in value. Such potential losses may not be offset by income received by the ETF.

    2 The Distribution Rate shown is as of close on March 31, 2025. The Distribution Rate is the annual distribution rate an investor would receive if the most recent distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by annualizing an ETF’s Distribution per Share and dividing such annualized amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions may also include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease an ETF’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These Distribution Rates may be caused by unusually favorable market conditions and may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future.

    3 The 30-Day SEC Yield represents net investment income, which excludes option income, earned by such ETF over the 30-Day period ended February 28, 2025, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period.

    4 ROC refers to Return of Capital. The ROC percentage is the portion of the distribution that represents an investor’s original investment.

    Each Fund has a limited operating history and while each Fund’s objective is to provide current income, there is no guarantee the Fund will make a distribution. Distributions are likely to vary greatly in amount.

    Standardized Performance

    For BIGY, click here. For SOXY, click here.

    Important Information

    This material must be preceded or accompanied by the prospectus. For all prospectuses, click here.

    Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about each Fund, visit our website at www.YieldMaxETFs.com. Read the prospectus or summary prospectus carefully before investing.

    There is no guarantee that any Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment in any such Fund.

    Tidal Financial Group is the adviser for all YieldMax™ ETFs.

    THE FUND, TRUST, AND ADVISER ARE NOT AFFILIATED WITH ANY UNDERLYING REFERENCE ASSET.

    Risk Disclosures

    Investing involves risk. Principal loss is possible.

    Call Writing Strategy Risk. The path dependency (i.e., the continued use) of the Fund’s call writing strategy will impact the extent that the Fund participates in the positive price returns of the underlying reference asset and, in turn, the Fund’s returns, both during the term of the sold call options and over longer periods.

    Counterparty Risk. The Fund is subject to counterparty risk by virtue of its investments in options contracts. Transactions in some types of derivatives, including options, are required to be centrally cleared (“cleared derivatives”). In a transaction involving cleared derivatives, the Fund’s counterparty is a clearing house rather than a bank or broker. Since the Fund is not a member of clearing houses and only members of a clearing house (“clearing members”) can participate directly in the clearing house, the Fund will hold cleared derivatives through accounts at clearing members.

    Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets, such as stocks, bonds, or funds (including ETFs), interest rates or indexes. The Fund’s investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other ordinary investments, including risk related to the market, imperfect correlation with underlying investments or the Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty risk, liquidity, valuation and legal restrictions.

    Options Contracts. The use of options contracts involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things, actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which are affected by fiscal and monetary policies and by national and international political changes in the actual or implied volatility or the reference asset, the time remaining until the expiration of the option contract and economic events.

    Distribution Risk. As part of the Fund’s investment objective, the Fund seeks to provide current income. There is no assurance that the Fund will make a distribution in any given period. If the Fund does make distributions, the amounts of such distributions will likely vary greatly from one distribution to the next.

    High Portfolio Turnover Risk. The Fund may actively and frequently trade all or a significant portion of the Fund’s holdings. A high portfolio turnover rate increases transaction costs, which may increase the Fund’s expenses.

    Liquidity Risk. Some securities held by the Fund, including options contracts, may be difficult to sell or be illiquid, particularly during times of market turmoil.

    Non-Diversification Risk. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund.

    New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.

    Price Participation Risk. The Fund employs an investment strategy that includes the sale of call option contracts, which limits the degree to which the Fund will participate in increases in value experienced by the underlying reference asset over the Call Period.

    Inflation Risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets and distributions, if any, may decline.

    YieldMax™ ETFs are distributed by Foreside Fund Services, LLC. Foreside is not affiliated with Tidal Financial Group, or YieldMax™ ETFs.

    © 2025 YieldMax™ ETFs

    The MIL Network –

  • MIL-OSI: Trust Stamp files its 2024 10-K and gives forward-looking revenue and expense guidance

    Source: GlobeNewswire (MIL-OSI)

    Atlanta, GA, April 01, 2025 (GLOBE NEWSWIRE) — Trust Stamp announces that:

    1. It filed its 10-K report for the 2024 Financial Year after the Nasdaq market closed on March 31st, 2025.
    2. Q4 2024 Revenue was $1.50m increased from $0.51m for Q3 of 2024 and $0.58m for Q4 of 2023.
    3. Estimates of anticipated revenue from existing contracted customers for FY 2025 are believed to exceed $5.0m and do not include projected revenue from contracted customers that are not yet revenue-generating.
    1. Expenses reductions for the balance of 2025 are estimated to result in new savings of $0.1m per month versus expenses in 2024.
    1. Cash burn for Q1 of 2025 is estimated at $0.75m with an average burn over the balance of FY 2025 estimated at $0.2m per month based solely on revenue from existing customers that are both contracted and currently revenue-generating.

    Inquiries:
    Trust Stamp                                                   Email: Shareholders@truststamp.ai 

    About Trust Stamp

    Trust Stamp, is a global provider of AI-powered services for use in multiple sectors including banking and finance, regulatory compliance, government, healthcare, real estate, communications, and humanitarian services. Its technology empowers organizations via advanced solutions that reduce fraud, tokenize and secure data, securely authenticate users while protecting personal privacy, reduce friction in digital transactions, and increase operational efficiency, enabling customers to accelerate secure financial inclusion and reach and serve a broader base of users worldwide.

    Located in eight countries across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI).

    Safe Harbor Statement: Caution Concerning Forward-Looking Remarks 

    All statements in this release that are not based on historical fact are “forward-looking statements” including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The information in this announcement may contain forward-looking statements and information related to, among other things, the company, its business plan and strategy, and its industry. These statements reflect management’s current views with respect to future events-based information currently available and are subject to risks and uncertainties that could cause the company’s actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to

    The MIL Network –

  • MIL-OSI: Bitfarms Provides March 2025 Production and Operations Update

    Source: GlobeNewswire (MIL-OSI)

      – Operational hashrate of 19.5 EHuM and fleet efficiency of 19 w/TH–
    -Completes acquisition of Stronghold Digital Mining & sale of Yguazu, Paraguay data center-
    -Appoints two new key HPC/AI and Infrastructure Executives-

    This news release constitutes a “designated news release” for the purposes of the Company’s second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023.

    TORONTO, April 01, 2025 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ/TSX: BITF), a global energy and compute infrastructure company, today issued its latest monthly production report. All financial references are in U.S. dollars.

    CEO Ben Gagnon stated, “March was a very productive month for Bitfarms. We successfully closed both our transformative acquisition of Stronghold Digital Mining, the largest M&A deal between two public miners in our industry, and the strategic sale of our 200 MW Yguazu data center. Through these transactions, we have rebalanced our portfolio to the U.S. where we expect to achieve greater yields per MW, reduced our average cost of power across our portfolio, minimized our 2025 capex requirements, and secured highly desirable sites that will enable us to diversify beyond Bitcoin mining into HPC/AI and energy generation.

    “In addition, we advanced our HPC/AI strategy with both the appointments of James Bond, SVP of HPC, and Craig Hibbard, SVP of Infrastructure, and the continued evaluation of our three Pennsylvania sites for potential HPC conversion. Initial studies from our strategic partners confirmed that all three sites are well-suited: they are strategically located near other data center campuses and peering hubs and they have the necessary power, land and fiber infrastructure to support HPC. We expect to receive full, detailed feasibility studies in Q2. With the steps we’ve taken in Q1, we now have the properties, internal team, and strategic engineering and marketing advisors in place, taking a holistic approach to advancing our HPC/AI business.”

    SVP of Global Mining Operations Alex Brammer said, “During March we grew our operational hashrate 21% to 19.5 EHuM and reached our Q2 efficiency target of 19 w/TH three months ahead of schedule. Our energy portfolio is now larger and more efficient, with stronger operating economics and significant U.S. growth potential.”

    March 2025 Select Operating Highlights

    Key Performance Indicators March 2025
    (proforma)    		 February
    2025
    Total BTC earned 280 213
    Month End Operating EHuM 19.5 16.1
    BTC/Avg. EH/s 17 16
    Average Operating EHuM 16.4 13.4
    Energized Capacity (MW) 461 437
    Watts/Terahash Efficiency (w/TH) 19 20
    • 19.5 EHuM operational at March 31, 2025, up 21% M/M.
    • 16.4 EHuM average operational, up 22% M/M.
    • 17 BTC/average EHuM, 6% higher M/M.
    • 280 BTC earned on a proforma basis, 31% higher M/M.
    • 9.0 BTC earned daily on average, equal to ~$738,000 per day based on a BTC price of $82,000 at March 31, 2025.

    March 2025 Financial Update

    • Total liquidity of $132 million, including approximately $39 million in cash at March 31, 2025.
    • Treasury of 1,140 BTC, down from 1,260 BTC last month and representing $93.4 million based on the Bitcoin price of $82,000 at March 31, 2025.

    About Bitfarms Ltd.
    Founded in 2017, Bitfarms is a global energy and compute infrastructure company that develops, owns, and operates vertically integrated energy generation and data centers. Bitfarms currently has 15 operating data centers situated in four countries: the United States, Canada, Argentina and Paraguay.

    To learn more about Bitfarms’ events, developments, and online communities:

    www.bitfarms.com
    https://www.facebook.com/bitfarms/
    https://x.com/Bitfarms_io
    https://www.instagram.com/bitfarms/
    https://www.linkedin.com/company/bitfarms/

    Glossary of Terms

    • Y/Y or M/M= year over year or month over month
    • BTC or BTC/day = Bitcoin or Bitcoin per day
    • EH or EH/s = Exahash or exahash per second
    • EHuM = Exahash Under Management, which includes Bitfarms’ proprietary hashrate and hashrate being hosted by Bitfarms for third-party hosting clients
    • MW or MWh = Megawatts or megawatt hour
    • GW or GWh= Gigawatts or gigawatt hour
    • w/TH = Watts/Terahash efficiency (includes cost of powering supplementary equipment)
    • HPC/AI = High Performance Computing / Artificial Intelligence
    • Energized capacity= Power available

    Forward-Looking Statements

    This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding the benefits of the acquisition of Stronghold Digital Mining, Inc., the ability to enhance the business of the Company through adding additional human resources to HPC/AI strategies, its revenue diversification strategy, the North American energy and compute infrastructure strategy, opportunities relating to the potential of the Company’s data centers for HPC/AI opportunities, the merits and ability to secure long-term contracts associated with HPC/AI customers, the success of the Company’s HPC/AI strategy in general and its ability to capitalize on growing demand for AI computing while securing predictable cash flows, the Company’s energy pipeline and its anticipated megawatt growth, the Company’s ability to drive greater shareholder value, projected growth, target hashrate, and other statements regarding future growth, plans and objectives of the Company are forward-looking information.

    Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “prospects”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information.

    This forward-looking information is based on assumptions and estimates of management of Bitfarms at the time they were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Bitfarms to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors, risks and uncertainties include, among others: an inability to successfully integrate the business of Stronghold Digital Mining, Inc. as contemplated, or at all; an inability to apply the Company’s data centers to HPC/AI opportunities on a profitable basis; a failure to secure long-term contracts associated with HPC/AI customers on terms which are economic or at all; the construction and operation of new facilities may not occur as currently planned, or at all; expansion of existing facilities may not materialize as currently anticipated, or at all; new miners may not perform up to expectations; revenue may not increase as currently anticipated, or at all; the ongoing ability to successfully mine digital currency is not assured; failure of the equipment upgrades to be installed and operated as planned; the availability of additional power may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the power purchase agreements and economics thereof may not be as advantageous as expected; potential environmental cost and regulatory penalties due to the operation of the former Stronghold plants which entail environmental risk and certain additional risk factors particular to the former business and operations of Stronghold including, land reclamation requirements may be burdensome and expensive, changes in tax credits related to coal refuse power generation could have a material adverse effect on the business, financial condition, results of operations and future development efforts, competition in power markets may have a material adverse effect on the results of operations, cash flows and the market value of the assets, the business is subject to substantial energy regulation and may be adversely affected by legislative or regulatory changes, as well as liability under, or any future inability to comply with, existing or future energy regulations or requirements, the operations are subject to a number of risks arising out of the threat of climate change, and environmental laws, energy transitions policies and initiatives and regulations relating to emissions and coal residue management, which could result in increased operating and capital costs and reduce the extent of business activities, operation of power generation facilities involves significant risks and hazards customary to the power industry that could have a material adverse effect on our revenues and results of operations, and there may not have adequate insurance to cover these risks and hazards, employees, contractors, customers and the general public may be exposed to a risk of injury due to the nature of the operations, limited experience with carbon capture programs and initiatives and dependence on third-parties, including consultants, contractors and suppliers to develop and advance carbon capture programs and initiatives, and failure to properly manage these relationships, or the failure of these consultants, contractors and suppliers to perform as expected, could have a material adverse effect on the business, prospects or operations; the digital currency market; the ability to successfully mine digital currency; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of hydroelectricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power to operate cryptocurrency mining assets; the risks of an increase in electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which Bitfarms operates and the potential adverse impact on profitability; future capital needs and the ability to complete current and future financings, including Bitfarms’ ability to utilize an at-the-market offering program ( “ATM Program”) and the prices at which securities may be sold in such ATM Program, as well as capital market conditions in general; share dilution resulting from an ATM Program and from other equity issuances; volatile securities markets impacting security pricing unrelated to operating performance; the risk that a material weakness in internal control over financial reporting could result in a misstatement of financial position that may lead to a material misstatement of the annual or interim consolidated financial statements if not prevented or detected on a timely basis; risks related to the Company ceasing to qualify as an “emerging growth company”; risks related to unsolicited investor interest, takeover proposals, shareholder activism or proxy contests relating to the election of directors; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; and the adoption or expansion of any regulation or law that will prevent Bitfarms from operating its business, or make it more costly to do so. For further information concerning these and other risks and uncertainties, refer to Bitfarms’ filings on www.sedarplus.ca (which are also available on the website of the U.S. Securities and Exchange Commission (the “SEC”) at www.sec.gov), including the management’s discussion & analysis for the year-ended December 31, 2024 Although Bitfarms has attempted to identify important factors that could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended, including factors that are currently unknown to or deemed immaterial by Bitfarms. There can be no assurance that such statements will prove to be accurate as actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on any forward-looking information. Bitfarms does not undertake any obligation to revise or update any forward-looking information other than as required by law. Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Stock Exchange, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.

    Investor Relations Contact:

    Bitfarms
    Tracy Krumme
    SVP, Head of IR & Corp. Comms.
    +1 786-671-5638
    tkrumme@bitfarms.com

    Media Contact: 

    Bitfarms
    Caroline Brady Baker 
    Director, Communications   
    cbaker@bitfarms.com 

    The MIL Network –

  • MIL-OSI: Limekiln Wind Farm, Scotland: Boralex’s First Production Site in the United Kingdom Now Operational

    Source: GlobeNewswire (MIL-OSI)

    EDINBURGH, United Kingdom, April 01, 2025 (GLOBE NEWSWIRE) — Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) is pleased to announce that the Limekiln Wind Farm and all its turbines are operational. Limekiln Wind Farm, located near Thurso in Caithness, is the Corporation’s flagship project in Scotland and its first operational site in the United Kingdom, with an installed capacity of 106 MW.

    “I am extremely proud of the Boralex team, whose expertise and dedication over the past few years have enabled us to reach this historic milestone for the company today,” said Patrick Decostre, President and CEO. “The UK is a key geography in achieving our growth and diversification objectives, and the operation of Limekiln Wind Farm enables us to strengthen our strategic position in the UK, while contributing to the global energy transition.”

    “The operational phase announced today is a major step towards achieving our ambition of increasing our portfolio of ready-to-build and operational renewable energy assets in the UK, a market with high development potential, to 1 GW by 2030,” said Nicolas Wolff, Senior Vice President and General Manager, Europe. “It is also the result of valuable consultation work with local communities carried out by our teams, who have been present on the ground since the very first stages of the project.”

    Limekiln Wind Farm consists of 24 Vestas V136-4.5MW wind turbines, measuring 150m to the tip of the blade. Apart from zero-carbon electricity, the wind farm will also deliver a full package of social, economic and environmental benefits, including biodiversity enhancements such as a native species planting scheme and a peat restoration programme, as well as a Community Benefit Fund of over £500,000 annually for the life of the project.

    This project benefits from a government-backed 15-year Contract for Difference (CfD) that will start in April 2028. Boralex has entered into a power purchase agreement (PPA) with Statkraft, one of the leading PPA providers in the UK, to cover the period between commissioning of the wind farm, and the beginning of the CfD.

    In addition, the project offers local employment opportunities: the site’s operation would support at least 8 direct jobs and around 50 indirect jobs. Lastly, the wind farm will provide sufficient electricity to meet the needs of around 100,000 British homes every year, based on the average generation mix of UK power sources.

    For more information, please visit the Limekiln Wind Farm page on our website.

    Boralex accelerates its development in the United Kingdom

    The operation of Limekiln Wind Farm comes at a time of strong growth for Boralex in the UK. Since 2023, the Company has expanded its team from 10 to 23 renewable energy professionals and aims to recruit more than a dozen new employees by the end of the year in all departments. Two major milestones were reached in the past year, with the closing of financing and the signing of the Corporate PPA for Limekiln Wind Farm. Boralex also acquired the Sallachy (wind – up to 50 MW) and Clashindarroch Extension (wind – 145 MW and storage – 50 MW) projects. Boralex opened a new office in Ringwood, in the south of England, in January 2025, allowing it to continue its growth in this region and in Wales.

    Caution Regarding Forward-Looking Statements

    Some of the statements contained in this press release are forward-looking statements based on current expectations, within the meaning of securities legislation. Boralex would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results or the measure it adopts could differ materially from those indicated by or underlying these statements, or could have an impact on the degree of realization of a particular forward-looking statement. Unless otherwise specified by the Company, the forward-looking statements do not take into account the possible impact on its activities, transactions, non-recurring items or other exceptional items announced or occurring after the statements are made. There can be no assurance as to the materialization of the results, performance or achievements as expressed or implied by forward-looking statements. The reader is cautioned not to place undue reliance on such forward-looking statements. Unless required to do so under applicable securities legislation, Boralex management does not assume any obligation to update or revise forward-looking statements to reflect new information, future events or other changes.

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have development activities and production facilities in the United States and the United Kingdom. Over the past five years, our installed capacity has more than doubled to over 3.1 GW. Our pipeline of projects and growth path total over 8 GW in wind, solar and electricity storage projects. We develop those projects guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

    For more information, visit boralex.com or sedarplus.com. Follow us on Facebook and LinkedIn.

    For more information

    MEDIA INVESTOR RELATIONS
    Camille Laventure
    Senior Advisor, Public Affairs and External Communications

    Boralex Inc.

    438 883-8580
    camille.laventure@boralex.com

    		 Stéphane Milot
    Vice President, Investor Relations and Financial Planning and Analysis

    Boralex Inc.

    514 213-1045
    stephane.milot@boralex.com
       
    MEDIA – UNITED KINGDOM  
    Marlies Koutstaal
    Communications Manager

    Boralex United Kingdom

    07876 341561
    marlies.koutsaal@boralex.com

    		  
       

    Source: Boralex inc.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7d9ca4d0-9894-41e3-9bb7-e3a68e59e4b5

    The MIL Network –

  • MIL-OSI: Cielo Announces Relocation of First Planned Facility to British Columbia and Provides Update on Proposed Asset Acquisition and Corporate Matters

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, April 01, 2025 (GLOBE NEWSWIRE) — Cielo Waste Solutions Corp. (TSXV:CMC; OTC PINK:CWSFF) (“Cielo” or the “Company”) provides an update on certain business and corporate matters.

    First Planned Waste to Fuels Facility – Scrap Railway Ties to Green Hydrogen

    In light of changes in market conditions, the Company announces its intention to relocate its first planned commercial waste to fuel facility for the processing of scrap railway ties from Carseland, Alberta to British Columbia, and a transition in fuel to be produced from Renewable Diesel to Green Hydrogen. This shift remains aligned with the Company’s commitment to commercialize renewable energy initiatives.

    This strategic pivot allows Cielo to explore funding opportunities through the British Columbia Low Carbon Fuel Standard (BCLCFS) credit program, which offers financial incentives for reducing carbon emissions.

    Cielo is engaged in advanced discussions with a technology provider on a project in British Columbia that will utilize scrap railway ties as feedstock to produce Green Hydrogen for use in the British Columbia market.

    “As Cielo completes a shift in our strategy, we also continue to be flexible in our project execution. We are willing and prepared to pivot as the political and technological landscapes change. In addition, as the demand for renewable fuels changes, Cielo understands the need to revise our approach to meet market demand,” said Ryan C. Jackson, CEO of Cielo. “This decision was not made in haste. We believe it is an important step forward in ensuring our resources are dedicated to projects that have the highest potential for success in the short term and sustainable growth in the long term.”

    Rocky Mountain Clean Fuels Acquisition Update

    In light of the foregoing changes, the Company also announces that it will not proceed with the previously announced proposed acquisition (the “Proposed Acquisition”) by Cielo of an Enhanced Gas to Liquids (“EGTLTM”) facility located in Carseland, Alberta (the “EGTLTMFacility”), currently owned and operated by Rocky Mountain Clean Fuels Inc. (“RMCFI”), which deploys patented Enhanced Gas-To-Liquids technology.

    The Company had previously announced its intention to complete a proposed transaction with RMCFI with a view to enhancing the process deployed at the EGTL™ Facility and diversifying the inputs used to process synthetic diesel and jet fuel. Cielo had intended to build a gasifier on the land adjacent to the EGTL™ Facility.

    Due to ongoing market uncertainty and after careful evaluation, Cielo has determined that the uncertainty around the regulatory landscape and shifting market conditions present significant challenges to advancing the Proposed Acquisition in a manner that aligns with the Company’s long-term strategic goals. The project development agreement between Cielo and RMCFI that had been acquired under the Asset Purchase Agreement with Expander (each as defined below) has expired.

    Cielo remains focused on executing its broader strategy of sustainable and profitable fuel production, including new opportunities in Green Hydrogen and other low-carbon initiatives. The Company continues to explore alternative partnerships and funding opportunities to drive its commitment to innovation and environmental sustainability.

    Expander Energy Dispute Resolution

    In November 2023, pursuant to an asset purchase agreement dated September 15, 2023, as amended and restated on November 8, 2023 (the “Asset Purchase Agreement”) between Cielo and Expander Energy Inc (“Expander”), Cielo acquired certain assets and liabilities of Expander to use and operate Expander’s patented EBTL™ and BGTL™ technologies (the “Transaction”).

    Concurrently with the closing of the Transaction, Cielo and Expander executed a license agreement (the “License Agreement”), providing Cielo with an exclusive license in Canada to use Expander’s patented EBTL™ and BGTL™ technologies and related intellectual property for all feedstocks, as well as an exclusive license in the United States for creosote and treated wood waste (the “Licensed Technologies”).

    As a result of recent disagreements between Cielo and Expander on various matters, the Company has notified Expander of its intention to initiate a dispute resolution process in accordance with the terms of the License Agreement. Prior to this, Cielo had received from Expander notices of breach (collectively the “Notices”) with regard to the Asset Purchase Agreement, the License Agreement and a master service agreement executed between Cielo and Expander upon closing of the Transaction. Among other things, the Notices include Expander’s advice that Expander intends to terminate the License Agreement upon a second notice, which Cielo may expect to receive in or after April 2025. Cielo intends to dispute some or all of the assertions made in the Notices and intends to have its own commercial, financial and strategic concerns related to the Licensed Technologies addressed. The Company will continue to provide material updates as they become available.

    “Through this challenging but in our view necessary juncture, we remain dedicated in our mission of investing in innovation in the renewable fuels sector,” said Mr. Jackson. “As we navigate these discussions, our priority is to act in the best interests of our shareholders and stakeholders while maintaining a constructive approach to resolving these matters.”

    Cielo will continue to execute its existing business strategy and technological advancements, while ensuring its leadership role in sustainable waste-to-energy solutions.

    Director Resignation

    Cielo announces that James H. Ross has resigned from its Board of Directors, effective immediately. The Company thanks Mr. Ross for his contributions and leadership during his tenure and wishes him success in his future endeavors.

    Mr. Ross was appointed to the Board of Directors in November 2023 pursuant to the Asset Purchase Agreement with Expander.

    Annual General Meeting

    As previously announced, Cielo had cancelled its rescheduled annual general meeting of shareholders (the “AGM”) to be held on December 19, 2024 due to a Canada Post Strike. Pursuant to the Business Corporations Act (British Columbia), the Company was required to hold the AGM on or before December 31, 2024 (the “Original AGM Deadline”), however it was determined that rescheduling the AGM for a date on or before the Original AGM Deadline was not feasible given the continuing postal strike and mailing requirements. As a result, the Company had made application to request an extension, which was granted until June 30, 2025. Cielo intends to hold the AGM in June 2025 and will provide additional details as they become available.

    Corporate Update Webinar

    Cielo is pleased to announce a corporate update webinar (the “Webinar”) with CEO, Ryan C. Jackson and CFO, Jasdeep K.B. Dhaliwal, scheduled for April 10th, 2025. This event is intended to provide shareholders and stakeholders with updates on the Company’s strategic initiatives and future outlook. Further details will be released prior the date of the Webinar.

    ABOUT CIELO

    Cielo Waste Solutions is a publicly traded company focused on transforming waste materials into high-value renewable fuels. Cielo seeks to address global waste challenges while contributing to the circular economy and reducing carbon emissions. Cielo is fueling renewable change with a mission to be a leader in the wood by-product-to-fuels industry by using environmentally friendly, economically sustainable and market-ready technologies. Cielo is committed to helping society ‘change the fuel, not the vehicle’, which we believe will contribute to generating positive returns for shareholders. Cielo shares are listed on the TSX Venture Exchange under the symbol “CMC,” as well as on the OTC Pink Market under the symbol “CWSFF.”

    For further information please contact:

    Cielo Investor Relations

    Ryan Jackson, CEO
    Phone: (403) 348-2972
    Email: investors@cielows.com

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

    This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including negatives thereof, suggesting future outcomes.

    Forward-looking statements are subject to both known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward looking statements. Forward-looking statements and information are based on plans, expectations and estimates of management at the date the information is provided and are subject to certain factors and assumptions. Cielo is making forward-looking statements, including but not limited to with respect to: the change of location of the first planned commercial facility and the focus on Green Hydrogen; the exploration and use of financial incentives in British Columbia; that the Company will not proceed with the Proposed Acquisition; the Company’s strategic focus; the Company’s intention to continue to explore alternative partnerships and funding opportunities; the dispute resolutions process with Expander, Cielo’s intentions with respect thereto and that the Company will provide further updates as they become available; that Cielo will continue to execute its existing business strategy and technological advancements, while ensuring its leadership role in sustainable waste-to-energy solutions; the AGM and the timing thereof; and the Webinar and the date thereof.

    Investors should continue to review and consider information disseminated through news releases and filed by the Company on SEDAR+. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

    Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.

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

    The MIL Network –

  • MIL-OSI: 3D Systems Completes Sale of Geomagic Software Portfolio

    Source: GlobeNewswire (MIL-OSI)

    • Closed transaction for $123 million, with expected net proceeds of approximately $100 million to strengthen balance sheet and invest in future growth and profitability initiatives
    • Sharpens focus on core additive manufacturing software solutions — 3D Sprint®, 3DXpert® and Oqton Industrial Manufacturing OS —to advance production applications and accelerate customer adoption

    ROCK HILL, S.C., April 01, 2025 (GLOBE NEWSWIRE) — 3D Systems (NYSE:DDD) today announced the successful completion of the sale of its Geomagic® software portfolio to the Manufacturing Intelligence Division of Hexagon, a global leader in digital reality solutions, for $123 million before working capital adjustments and following the satisfaction of customary regulatory approvals and closing conditions.

    As part of its strategic focus, 3D Systems will now concentrate on advancing its core additive manufacturing software platforms, including 3D Sprint® and 3DXpert®, as well as the Oqton Industrial Manufacturing OS. The Company intends to continue expanding the capabilities of these solutions by leveraging artificial intelligence and automation to enable accelerated adoption of 3D printing technologies in high-volume, production environments.

    “Hexagon is well-positioned to take the Geomagic portfolio to new heights, ensuring continued innovation and value for its users,” said Dr. Jeffrey Graves, president & CEO of 3D Systems. “We are grateful for the contributions of our Geomagic team members and confident they will thrive in this next chapter. For 3D Systems, with today’s completed sale, we are pleased to further strengthen our balance sheet and continue our focus on fueling profitable organic growth through R&D and investing in our core platforms. By concentrating on 3D Sprint, 3DXpert, and Oqton, we will enhance our ability to deliver innovative solutions that improve workflows, reduce costs, and enable our customers to scale production effectively. With approximately $100 million of net proceeds coming to our balance sheet, the transaction significantly enhances our cash reserves and provides us with an exceptional footing to execute in the quarters ahead.”

    Forward-Looking Statements
    Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In many cases, forward-looking statements can be identified by terms such as “believes,” “belief,” “expects,” “may,” “will,” “estimates,” “intends,” “anticipates” or “plans” or the negative of these terms or other comparable terminology. Forward-looking statements are based upon management’s beliefs, assumptions, and current expectations and may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings “Forward-Looking Statements” and “Risk Factors” in the company’s periodic filings with the Securities and Exchange Commission, as well as other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Although management believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements are not, and should not be relied upon as a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at which such performance or results will be achieved. The forward-looking statements included are made only as of the date of the statement. 3D Systems undertakes no obligation to update or revise any forward-looking statements made by management or on its behalf, whether as a result of future developments, subsequent events or circumstances or otherwise, except as required by law.

    About 3D Systems
    More than 35 years ago, Chuck Hull’s curiosity and desire to improve the way products were designed and manufactured gave birth to 3D printing, 3D Systems, and the additive manufacturing industry. Since then, that same spark continues to ignite the 3D Systems team as we work side-by-side with our customers to change the way industries innovate. As a full-service solutions partner, we deliver industry-leading 3D printing technologies, materials and software to high-value markets such as medical and dental; aerospace, space and defense; transportation and motorsports; AI infrastructure; and durable goods. Each application-specific solution is powered by the expertise and passion of our employees who endeavor to achieve our shared goal of Transforming Manufacturing for a Better Future. More information on the company is available at www.3dsystems.com.

    The MIL Network –

  • MIL-OSI: Fengate consortium selected to deliver six new schools in Alberta, Canada

    Source: GlobeNewswire (MIL-OSI)

    EDMONTON, Alberta, April 01, 2025 (GLOBE NEWSWIRE) — Fengate Asset Management (Fengate), as part of the EllisDon Infrastructure consortium, has been selected by the Government of Alberta to deliver six new schools as part of the P3 Schools Bundle #5 project.

    The consortium achieved financial close on the project this week to design, build, finance, and maintain the schools under a public-private partnership (P3).

    Three grade K-9 schools, located in Calgary (Nolan Hill), Chestermere, and Okotoks; one K-8 school in Aidrie; one K-5 school in Blackfalds; and one grade 7-12 school in Edmonton (Glenridding Heights), are anticipated to open in 2027 and provide an opening capacity for 5,550 students.

    “We are honored to be part of this transformative project that will provide state-of-the-art educational facilities for students across Alberta,” said Mac Bell, Managing Director, Infrastructure Investments at Fengate.

    “Achieving financial close is a testament to the collaborative efforts of our consortium partners and the Alberta government, and we look forward to working shoulder-to-shoulder to build the future of education in the province.”

    Fengate, which successfully delivered a P3 bundle of six schools in Prince George’s County, Maryland, near Washington D.C. in 2023, remains committed to delivering high- quality social infrastructure that enhances communities across Canada and the United States.

    The EllisDon Infrastructure consortium – comprised of EllisDon Capital Inc., Fengate Asset Management, EllisDon Construction Services Inc., GEC Architecture, Smith + Andersen, Entuitive Corporation, Grade Consulting Inc., Scatliff + Miller + Murray Inc., Footprint, and FFA Consultants – was selected following a competitive procurement process.

    About Fengate

    Fengate is a leading alternative investment manager focused on infrastructure, private equity and real estate strategies, with more than $10 billion of capital commitments under management. The firm has been investing in infrastructure since 2006 with a focus on mid- market greenfield and brownfield infrastructure assets in the transportation, social, energy transition and digital sectors. Fengate is one of North America’s most active infrastructure investors and developers with a portfolio of more than 45 assets. Learn more at www.fengate.com.

    Media contact

    Maddison Sharples
    Vice President, Communications and Marketing
    +1 416 254 3326
    maddison.sharples@fengate.com

    The MIL Network –

  • MIL-OSI: CECO Environmental Announces Completion of the Divestiture of Its Fluid Handling Business to May River Capital

    Source: GlobeNewswire (MIL-OSI)

    ADDISON, Texas, April 01, 2025 (GLOBE NEWSWIRE) — CECO Environmental Corp. (Nasdaq: CECO), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, today announced it has completed the previously announced divestiture of its Fluid Handling business (also known as its Global Pump Solutions, or GPS, business) contained in its Industrial Process Solutions segment to May River Capital, effective March 31, 2025.

    The enterprise value of the transaction is approximately $110 million, paid in cash at closing. The Company intends to use the proceeds from this transaction to pay down debt and to fund future strategic growth investments.

    The GPS business consists of three niche leadership severe service industrial metallic, fiberglass and thermoplastic centrifugal pump brands – Dean, Fybroc and Sethco – which joined the CECO family through an acquisition in 2013. The business operates from strategic locations in Indianapolis, Indiana and Telford, Pennsylvania, and services over 1,500 customers globally.

    “I am pleased to have completed our previously announced divesture of GPS, which enables greater alignment of our portfolio of leading environmental solution businesses against our high growth opportunities in energy and industrial markets,” said Todd Gleason, CECO’s Chief Executive Officer. “We believe that the GPS business is well positioned as a niche leader in its respective end markets and applications, and we also believe that we have found the right buyer and future home to ensure its continued success and development of the GPS team. This sale will – after our recent acquisitions of Verantis Environmental and Profire Energy – create additional capacity for further investment in CECO’s growth and business expansion, and execution of our strategies in Industrial Air, Industrial Water, and the Energy Transition.”

    EC M&A and Koley Jessen were the primary financial and legal advisors to CECO for the transaction. Paul Hastings and TD Securities served as legal and financial counsel to May River Capital.

    ABOUT CECO ENVIRONMENTAL
    CECO Environmental is a leading environmentally focused, diversified industrial company, serving a broad landscape of industrial air, industrial water, and energy transition markets globally through its key business segments: Engineered Systems and Industrial Process Solutions. Providing innovative technology and application expertise, CECO helps companies grow their business with safe, clean, and more efficient solutions that help protect people, the environment and industrial equipment. In regions around the world, CECO works to improve air quality, optimize the energy value chain, and provide custom solutions for applications in power generation, petrochemical processing, refining, midstream gas transport and treatment, electric vehicle and battery production, metals and mineral processing, polysilicon production, battery recycling, beverage can production, and produced and oily water/wastewater treatment along with a wide range of other industrial applications. CECO is listed on Nasdaq under the ticker symbol “CECO.” Incorporated in 1966, CECO’s global headquarters is in Addison, Texas. For more information, please visit www.cecoenviro.com.

    About May River Capital
    May River Capital is a Chicago-based private equity firm focused on partnering with lower middle-market industrial growth businesses. The firm invests in high-performing companies in advanced manufacturing, engineered products and instrumentation, specialized industrial services, and value-added industrial distribution services. For more information, please visit www.mayrivercapital.com.

    SAFE HARBOR STATEMENT
    Any statements contained in this Press Release, other than statements of historical fact, including statements about management’s beliefs and expectations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, both as amended, and should be evaluated as such. These statements are made on the basis of management’s views and assumptions regarding future events and business performance. We use words such as “believe,” “expect,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “will,” “plan,” “should” and similar expressions to identify forward-looking statements. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Potential risks and uncertainties, among others, that could cause actual results to differ materially are discussed under “Part I – Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and may be included in subsequently filed Quarterly Reports on Form 10-Q, and include, but are not limited to: the effect of the divestiture of our Global Pump Solutions business on business relationships, operating results, and business generally, disruption of current plans and operations and potential difficulties in employee retention as a result of the transaction, diversion of management’s attention from ongoing business operations in connection with the integration of recent acquisitions, the amount of the costs, fees, expenses and other charges related to the transaction, the achievement of the anticipated benefits of transactions, our ability to successfully integrate acquired businesses and realize the synergies from acquisitions, as well as a number of factors related to our business, including the sensitivity of our business to economic and financial market conditions generally and economic conditions in CECO’s service areas; dependence on fixed price contracts and the risks associated therewith, including actual costs exceeding estimates and method of accounting for revenue; the effect of growth on our infrastructure, resources, and existing sales; the ability to expand operations in both new and existing markets; the potential for contract delay or cancellation as a result of on-going or worsening supply chain challenges or other customer considerations; liabilities arising from faulty services or products that could result in significant professional or product liability, warranty, or other claims; changes in or developments with respect to any litigation or investigation; failure to meet timely completion or performance standards that could result in higher cost and reduced profits or, in some cases, losses on projects; the potential for fluctuations in prices for manufactured components and raw materials, including as a result of tariffs and surcharges, and rising energy costs; inflationary pressures relating to rising raw material costs and the cost of labor; the substantial amount of debt incurred in connection with our strategic transactions and our ability to repay or refinance it or incur additional debt in the future; the impact of federal, state or local government regulations; our ability to repurchase shares of our common stock and the amounts and timing of repurchases; our ability to successfully realize the expected benefits of our restructuring program; economic and political conditions generally; our ability to optimize our business portfolio by identifying acquisition targets, executing upon any strategic acquisitions or divestitures, integrating acquired businesses and realizing the synergies from strategic transactions; and the unpredictability and severity of catastrophic events, including cyber security threats, acts of terrorism or outbreak of war or hostilities or public health crises, as well as management’s response to any of the aforementioned factors. Many of these risks are beyond management’s ability to control or predict. Should one or more of these risks or uncertainties materialize, or should the assumptions prove incorrect, actual results may vary in material aspects from those currently anticipated. Investors are cautioned not to place undue reliance on such forward-looking statements as they speak only to our views as of the date the statement is made. Except as required under the federal securities laws or the rules and regulations of the Securities and Exchange Commission, we undertake no obligation to update or review any forward-looking statements, whether as a result of new information, future events or otherwise.

    Company Contact:
    Peter Johansson
    Chief Financial and Strategy Officer
    888-990-6670

    Investor Relations Contact:
    Steven Hooser and Jean Marie Young
    Three Part Advisors
    214-872-2710
    Investor.Relations@OneCECO.com

    The MIL Network –

  • MIL-OSI: Renasant Corporation Completes Merger with The First Bancshares, Inc.

    Source: GlobeNewswire (MIL-OSI)

    TUPELO, Miss., April 01, 2025 (GLOBE NEWSWIRE) — Renasant Corporation (NYSE: RNST) (“Renasant” or “the Company”) announced today that it has completed its merger with The First Bancshares, Inc., the parent company of The First Bank (“The First”), effective April 1, 2025.

    Although the merger has been completed, full conversion and integration of The First’s operations into Renasant’s is expected to be completed in early August 2025. Until the conversion is completed, The First’s customers should continue to conduct their banking business as usual, including using existing branches, debit cards, checks, credit cards and ATMs, and making loan payments. The Company has posted Frequently Asked Questions that customers of The First may reference to obtain useful information about the transition, which can be found at www.renasantbank.com/welcome.

    ABOUT RENASANT CORPORATION:
    Renasant Corporation is the parent of Renasant Bank, a 121-year-old financial services institution. Renasant has assets of approximately $26 billion and operates more than 280 banking, lending, mortgage, and wealth management offices throughout the Southeast and offers factoring and asset-based lending on a nationwide basis. Additional information is available on Renasant’s website: www.renasantbank.com.

    NOTE TO INVESTORS:

    Forward-looking statements:
    This press release may contain, or incorporate by reference, statements about Renasant Corporation that constitute “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. Words and phrases such as “may,” “approximately,” “continue,” “should,” “expects,” “projects,” “anticipates,” “is likely,” “look ahead,” “look forward,” “believes,” “will,” “intends,” “estimates,” “strategy,” “plan,” “could,” “potential,” “possible” and variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include information about Renasant’s future financial performance, business strategy, and projected plans and objectives, including related to the merger transaction involving Renasant and The First, and are based on the current beliefs and expectations of management. Renasant’s management believes these forward-looking statements are reasonable, but they are all inherently subject to significant business, economic and competitive risks and uncertainties, many of which are beyond Renasant’s control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Prospective investors are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties and, accordingly, investors should not place undue reliance on these forward-looking statements, which speak only as of the date they are made.

    Contacts:       For Media:
    John S. Oxford
    Senior Vice President
    Chief Marketing Officer
    (662) 680-1219
    joxford@renasant.com    		       For Financials:
    James C. Mabry IV
    Executive Vice President
    Chief Financial Officer
    (662) 680-1281
    jim.mabry@renasant.com
             

    The MIL Network –

  • MIL-OSI: Results of the Offering of Bigbank AS AT1 Bonds

    Source: GlobeNewswire (MIL-OSI)

    The Management Board of Bigbank AS approved the final allocation of the private placement of notes qualifying as Additional Tier 1 (AT1) own funds of the bank. A total of 300 bonds, each with a nominal value of EUR 10,000, were allocated to 38 investors. The initial issue volume of 3 million euros was fully subscribed.

    Bigbank AS (www.bigbank.eu), with over 30 years of operating history, is a commercial bank owned by Estonian capital. As of 28 February 2025, the bank’s total assets amounted to 2.9 billion euros, with equity of 275 million euros. Operating in nine countries, the bank serves more than 169,000 active customers and employs over 500 people. The credit rating agency Moody’s has assigned Bigbank a long-term bank deposit rating of Ba1, along with a baseline credit assessment (BCA) and an adjusted BCA of Ba2.

    Argo Kiltsmann
    Member of the Management Board
    Tel: +372 53 930 833
    Email: Argo.Kiltsmann@bigbank.ee 
    www.bigbank.ee

    The MIL Network –

  • MIL-OSI United Nations: 1 April 2025 News release WHO issues its first-ever reports on tests and treatments for fungal infections

    Source: World Health Organisation

    The World Health Organization (WHO) today published its first-ever reports addressing the critical lack of medicines and diagnostic tools for invasive fungal diseases, showing the urgent need for innovative research and development (R&D) to close these gaps.

    Fungal diseases are an increasing public health concern, with common infections – such as candida, which causes oral and vaginal thrush – growing increasingly resistant to treatment. These infections disproportionately impact severely ill patients and those with weakened immune systems, including individuals undergoing cancer chemotherapy, living with HIV, and who have had organ transplants.

    “Invasive fungal infections threaten the lives of the most vulnerable but countries lack the treatments needed to save lives,” said Dr Yukiko Nakatani, WHO Assistant Director-General for Antimicrobial Resistance ad interim. “Not only is the pipeline of new antifungal drugs and diagnostics insufficient, there is a void in fungal testing in low- and middle-income countries, even in district hospitals. This diagnostic gap means the cause of people’s suffering remains unknown, making it difficult to get them the right treatments.”

    The fungi in the top ‘critical priority’ category of the WHO’s fungal priority pathogens list (FPPL) are deadly, with mortality rates reaching as high as 88%. Advancements in treatments mean that more people are likely to be living with immunocompromised conditions, which also could mean increases in cases of invasive fungal diseases. This is a complex challenge to manage due to inaccessibility of diagnostic tools, limited availability of antifungal medicines, and a slow and complex R&D process for new treatments.

    Constrained process in developing treatments against deadly fungal infections

    WHO’s report on antifungal drugs highlights that, in the past decade, only four new antifungal drugs have been approved by regulatory authorities in the United States of America, the European Union or China. Currently, nine antifungal medicines are in clinical development to use against the most health-threatening fungi, as detailed in the FPPL.

    However, only three candidates are in phase 3, the final stage of clinical development, meaning few approvals are expected within the next decade. Twenty-two drugs are in preclinical development, an insufficient number to feed a clinical pipeline considering the dropout rates, risks and challenges associated with earlier development stages.

    Issues with current antifungal treatments include serious side effects, frequent drug-drug interactions, limited dosage forms and the need for prolonged hospital stays. The report highlights the urgent need for safer antifungal medicines, possibly reducing requirements for continuous drug monitoring.

    Antifungal medicines that work against a wide range of severe infections caused by fungal priority pathogens are also needed. Children are particularly underserved with few clinical trials exploring paediatric dosing and age-appropriate formulations.

    WHO recommends investing in global surveillance, expanding financial incentives for drug discovery and development, funding basic research to help identify new and unexploited targets on fungi for medicines, and investigating treatments that work by enhancing patients’ immune responses.

    Landscape report of diagnostics for fungal priority pathogens

    The new diagnostics report shows that while commercially available tests exist for fungal priority pathogens, these rely on well-equipped laboratories and trained staff, which means that most people in in low- and middle-income countries (LMICs) do not benefit from them. All countries, but particularly LMICs, need faster, more accurate, cheaper and easier testing for a broad range of fungal priority pathogens, including diagnostic tools that can be used at or near point-of-care.

    There are many challenges with existing antifungal diagnostics; they work only for a limited range of fungi, are insufficiently accurate and take a long time to obtain results. Most of the tests are not well suited to primary and secondary health facilities as certain diagnostics require stable electricity supplies within suitable and equipped laboratories.

    Health workers often have insufficient knowledge about fungal infections as well as the impact of fungi growing more resistant to treatments, resulting in limited ability to perform the testing needed to determine the appropriate treatment. WHO calls for strengthening the global response against invasive fungal diseases and antifungal resistance, and is also developing an implementation blueprint for the FPPL.

    MIL OSI United Nations News –

  • MIL-OSI Asia-Pac: MOEA Extends Household Appliances Subsidy Program, Call for Applications Until October 2025

    Source: Republic of China Taiwan

    The Ministry of Economic Affairs (MOEA) has officially launched the 2025 Household Appliances Subsidy Program. Citizens can receive an NT$3,000 subsidy per unit when replacing outdated air conditioners or refrigerators with new ones of Tier-1 efficiency. However, due to a partial budget freeze imposed by the Legislative Yuan, the program is expected that subsidies for 600,000 units will be reduced this year, and the application period has been shortened to the end of October. Should the allocated funds be exhausted before the deadline, applications will close early. Citizens who need the subsidy are encouraged to seize the opportunity, replace their outdated appliances and complete the application process as early as possible.

    Between 2023 and 2024, the subsidy program facilitated the replacement of 3.22 million air conditioners and refrigerators, saving approximately 1.93 billion kWh annually. With an estimated 4.08 million outdated appliances still in use nationwide, the government aims to accelerate replacement and achieve deep energy saving goals. Over the next two years, the program will continue, with NT$6.8 billion allocated for 2025 to support the replacement of 2.07 million units.

    The Energy Administration noted that the 2025 subsidy fund has been reduced by NT$1.92 billion due to the budget freeze of 20%, which limits the number of subsidized units to 1.47 million, leaving an estimated 500,000 households unable to benefit. The subsidy eligibility period covers purchases made between January 1, 2023, and October 31, 2025. Citizens are encouraged to notice that, applications will be accepted until October 31, 2025, or until the budget is fully utilized.

    Application process is same as before, citizens purchasing efficient household appliances during the eligibility period and recycling their outdated units are eligible for the subsidy. Applicants must prepare copies of their ID card, bankbook cover, electricity bill, uniform invoice, product warranty card, and the recycling receipt for the discarded appliance, and submit their applications online via the official website (https://save3000.moeaea.gov.tw) or by post to P.O. Box 8-17, Banqiao Post Office.

    The Energy Administration stated that over the past two years, more than 80% of applicants have applied for subsidies online. To enhance the convenience of online applications, OCR (Optical Character Recognition) technology will continue to be used this year to streamline data entry and reduce processing time. Citizens are encouraged to take advantage of the 24/7 online application service, allowing them to submit their applications easily from home. This not only saves time and effort but also contributes to energy conservation and carbon reduction.

    Citizen’s application cases will be processed for funding disbursement sequentially after the announcement of the 2025 budget by the Presidential Office. Moreover, Citizens purchasing efficient air conditioners and refrigerators may also apply for a commodity tax refund from the Ministry of Finance, with a maximum rebate of NT$2,000 per unit. Namely, households replacing outdated air conditioners or refrigerators with new efficient ones may receive up to NT$5,000 in total from saving energy.

    For detailed information on subsidy regulations, citizens are encouraged to visit the dedicated subsidy website. For assistance with the application process, applicants may use the online customer service chatbot or call the subsidy hotline at (02) 2955-9666 to speak with professional customer service staff.

    Spokesperson for Energy Administration, Ministry of Economic Affairs: Deputy Director General, Chih-Wei Wu
    Contact Phone Number: 02-2775-7750, 0922-339-410
    Email Address: cwwu@moeaea.gov.tw

    Contact Person: Director, Shu-Fang Kao
    Contact Phone Number: 02-2775-7773, 0918-400-668
    Email Address: sfkao@moeaea.gov.tw

    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: Written question – Energy taxation rules – E-001180/2025

    Source: European Parliament

    Question for written answer  E-001180/2025
    to the Commission
    Rule 144
    Michalis Hadjipantela (PPE)

    The Republic of Cyprus, in line with the EU’s energy taxation rules, is expected to impose or expand various environmental taxes on water, fuel and waste management, to meet climate-related targets by encouraging consumers to switch to environmentally friendly alternatives.

    These taxes will drive up costs for households, especially for utilities and transportation, thereby contributing to inflation, the worsening of the energy crisis and further economic uncertainty. These consequences will disproportionately affect lower-income citizens and households, contrary to the EU principle of a socially balanced, just transition.

    The lack of viable alternatives available to consumers in Cyprus, such as greater renewable energy capacity, modernised waste management and better public transport, will place undue stress on the public.

    In the light of the above:

    • 1.Can the Commission provide detailed clarification on whether a deferral of or exemption to the proposed taxes can be granted, under existing or proposed directives?
    • 2.What tools, financial instruments or mechanisms are available to support Cyprus in closing its infrastructure gaps and mitigating the transition costs for households, particularly vulnerable ones?

    Submitted: 19.3.2025

    Last updated: 1 April 2025

    MIL OSI Europe News –