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Category: Transport

  • MIL-OSI United Kingdom: £1bn gift transfer to British Museum given green light

    Source: United Kingdom – Government Statements

    Press release

    £1bn gift transfer to British Museum given green light

    The Charity Commission has given its formal permission for the most valuable object donation in British museum history to go ahead.

    In November 2024, the Trustees of the Sir Percival David Foundation announced they were to make a permanent donation of their collection of Chinese ceramics to the British Museum.

    The collection numbers around 1,700 pieces estimated at around £1bn.

    The gift was subject to regulatory authority from the Commission, which has the power to authorise payments or transfers of assets from charities where this is not explicitly allowed for in the charity’s governing document.

    The Commission has now provided written authority under the Charities Act to change the Foundation’s governing document to enable the permanent transfer of the collection.

    In such cases, the relevant trustees need to think about how best to further the charity’s purpose before making the gift.

    In this case, the Sir Percival David Foundation was keen to fulfil its founder’s determination to use his collection to inform and inspire people, by keeping it on public view and enabling academic study of the pieces, while managing the charity’s resources effectively by transferring the costs of maintaining the collection.

    Sir Percival David (1892–1964) was a British businessman who collected ceramics in Europe, Japan, Hong Kong and China. Sir Percival’s collection has been on loan to the British Museum since 2009 in the specially designed bilingual Room 95, where it has been studied and enjoyed by millions of visitors.

    Head of Regulatory Authority at the Charity Commission, Christine Barker, said:

    We are pleased to have given authority for this remarkable transfer to go ahead. The Foundation’s trustees are clear that ensuring the safe and accessible display of their founder’s collection is fully aligned with their charitable objects.

    Our team are dedicated to considering such applications carefully, balancing the need to reflect changing circumstances against the importance of ensuring trustees safeguard their assets to pursue their charitable aims.

    Director of the British Museum, Dr Nicholas Cullinan said:

    I am humbled by the generosity of the Trustees of the Sir Percival David Foundation in permanently entrusting their incomparable private collection to the British Museum and thank the Charity Commission for their support in now approving the transfer.

    These celebrated objects add a special dimension to our own collection and together offer scholars, researchers and visitors around the world the incredible opportunity to study and enjoy the very best examples of Chinese craftsmanship anywhere in existence.

    Chair of The Sir Percival David Foundation of Chinese Art and The Sir Percival David Foundation Academic and Research Fund Colin Sheaf FSA said:

    Sir Percival was motivated by three principal concerns. These were to preserve the whole collection together for posterity, to display it publicly and safely in its entirety, and to ensure that his superb porcelain should not only be admired by connoisseurs for its beauty but should also educate the widest possible audience about China’s historic culture which he greatly admired.

    With the valued support of the Charity Commission, the Foundation Trustees have taken this major decision because they believe that this transfer entirely meets the philanthropic intentions and long-term wishes of the Founder almost a century ago.

    Highlights from the Sir Percival David collection include the ‘David vases’ from 1351. Their discovery revolutionised the dating for blue and white ceramics.

    The collection also includes a “Chicken cup” used to serve wine for the Chenghua emperor (1465–87) and Ru wares made for the Northern Song dynasty court around 1086.

    In the past year the Charity Commission considered 545 applications for the transfer of money or assets, often to enable trustees to switch these holdings to more modern charity structures.

    Ends

    Notes to editors

    1. The Charity Commission is the independent, non-ministerial government department that registers and regulates charities in England and Wales. Its ambition is to be an expert regulator that is fair, balanced, and independent so that charity can thrive. This ambition will help to create and sustain an environment where charities further build public trust and ultimately fulfil their essential role in enhancing lives and strengthening society.

    Updates to this page

    Published 31 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Home Secretary speech at the Organised Immigration Crime Summit

    Source: United Kingdom – Government Statements

    Speech

    Home Secretary speech at the Organised Immigration Crime Summit

    Home Secretary Yvette Cooper delivered a speech on the first day of the Organised Immigration Crime Summit in London.

    Thank you very much. Thank you Prime Minister, thank you to the Italian Prime Minister and good morning everyone.

    Can I thank everyone for travelling here from all over the world. Interior ministers, senior law enforcement, delegations from over 40 countries and organisations, we are so pleased to welcome you to London and here to Lancaster House for this, the first summit of its kind on organised immigration crime and border security, and to have so many people come from across the world, shows the seriousness with which all our countries are taking these issues, but also, bluntly, how much more together we need to do.

    Of course, we are not the first generation to grapple with international migration, the societal, economic security consequences that flow through the centuries.

    Of course, people have travelled across borders to work, to study, join family, to flee war or persecution, to escape poverty, to seek a better life for a different future, to chase new resources, or to forge new nations.

    But in recent years, we have seen new and serious patterns and scales of irregular and illegal migration causing major challenges for border security, for national security, for the rule of law, for countries and the economy across so many of our countries, in source, in transit and in destination, countries alike.

    And 2 facts have accelerated and changed some of the challenges our countries face.

    Firstly, technology. The physical distances between nations and continents may not have changed, but technology has made the world feel a lot smaller.

    Organising journeys can be faster and easier than ever, and the details of a different future is suddenly right there on a smartphone in the palm of your hand.

    And the second factor is the emergence of a vast and ruthless criminal industry that stretches across borders and across continents worth billions of pounds.

    The criminal smuggler and trafficking gangs who profit from undermining our border security, our national security and the rule of law and from putting lives at risk, have grown and stretched across the globe.

    And every country here will have different stories to tell and insights to share, but across all of our countries, we’ve seen that organised immigration crime posing a significant and growing global threat with far reaching consequences for us all – breaking our laws, undermining our security and our cohesion.

    From the source countries where gangs prey on the vulnerable, to transit countries where people and equipment pass through towns and borders unchecked, to destination countries managing the financial, the social and the criminal fallout, no part of the journey is untouched.

    And those gangs profiting from what is a vile trade in human beings are exploiting more people than ever before.

    You have heard from our Prime Minister what that means for us here in the UK, and in just 6 years, we’ve seen a criminal industry organising the small boat crossings take hold along our borders.

    Three hundred people crossed the channel on flimsy, dangerous small boats 6, 7 years ago, but 4 years later, that rose to over 30,000, an increase, a 100 fold increase, powered by smuggler and trafficking gangs.

    The gangs who advertise on social media false promise of illegal jobs, gangs who organise the logistics, the fake papers, the illegal finance networks to take everyone’s money, have thousands of pounds, the supply chains, the flimsy rubber boats, the engines.

    And perhaps for us, one of the most disturbing things of all, for us and for France, for the Calais Group, to see some of the fake life jackets, including fake life jackets for children that would not keep anyone afloat in the cold sea.

    And then the organisation along the beaches of France, the violence, the increasing and outrageous violence, against law enforcement.

    And to give you the example of how they run some of those organisations, we’ve seen the small boats, the flimsy rubber boats, take off as taxi boats and make people wait in the freezing water, in the freezing sea, so they then wait to be picked up, to climb onto the boats and then they overcrowd the boats with women and children put in the centre of the boat, the boat can then fold in. There’s the women and children who get crushed and then if the fuel in flimsy containers then leaks and mixes with salt water that can cause terrible, terrible burns.

    And then we’ve seen children crushed to death, and yet the boat carries on and that shameful, disgraceful crime where people, criminal gangs have profited from those lives being lost.

    And that’s why we cannot let that carry on.

    All of your countries will have the different stories of the way in which the gangs are exploiting people into sexual exploitation, into slave labour, into crime.

    The way in which the gangs are using new technology, not just the phones, the social media to organise, but even the drones to spot where the border patrols are, the operations along the land borders, across continents.  

    But it is governments, not gangs, who should be deciding who enters our country, and those gangs are operating and profiting across borders.

    So we and our law enforcement need to co-operate across borders now to take them down.

    That’s why, as you heard from our Prime Minister, we are strengthening our laws here in the UK, bringing in new counter-terror powers so we can seize phones, investigate preparatory acts, so we can crack down on the illegal working of modern slavery and establishing our new Border Security Command.

    But we know that strengthening our border security means working with all the countries on the other sides of our borders, not just standing on our shoreline, shouting at the sea.

    We know too that no country can do this alone, and that is why the partnerships and everyone gathering here is so important.

    So today we will talk about what to do to tackle this vile trade in human beings.

    How we choke off the supply chains, the false papers, how we go after the money, how we take down the advertising.

    And how we disrupt, how we pursue, how we prosecute, how we pursue this global battle against a trade in people.

    It is our determination to do this together, the alliances that we build across our borders can be stronger than the criminal gangs who seek to undermine us.

    Thank you all for joining with us in this event today, this first summit. We have so much work to do during the course of the day, so many conversations to have, but thank you so much for being part of it, and I look forward to hearing everyone’s views during the conference today.

    Thank you very much.

    Updates to this page

    Published 31 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Feb retail sales down 13%

    Source: Hong Kong Information Services

    The value of total retail sales for February, provisionally estimated at $29.4 billion, decreased 13% compared with the same month a year earlier, the Census & Statistics Department announced today.

    After netting out the effect of price changes over the same period, the provisional estimate represents a 15% year-on-year decrease.

    Of the total retail sales value in February, online sales accounted for 7.8%. Provisionally estimated at $2.3 billion, the value of this segment dropped 7.3% from the same month a year earlier.

    Noting that retail sales tend to show greater volatility in the first two months of a year due to the timing of the Lunar New Year, the department said consumer spending in the local market normally attains a seasonal high before the festival.

    It added that as the Lunar New Year fell on January 29 this year but on February 10 last year, it is more appropriate to analyse the retail sales figures for January and February taken together in making a year-on-year comparison.

    For the first two months of 2025 taken together, it was provisionally estimated that the value of total retail sales decreased 7.8% year-on-year, while the value of online retail sales dropped 2.4% compared with the same period in 2024.

    The value of sales of other consumer goods not elsewhere classified dropped by 2% in the first two months of 2025 compared with a year earlier.

    This was followed by sales of jewellery, watches and clocks, and valuable gifts (down 15.8%); commodities in supermarkets ( down 4.4%); wearing apparel (down 5.4%); electrical goods and other consumer durable goods not elsewhere classified (down 5.3%); commodities in department stores (down 9.9%); fuels (down 8.5%); motor vehicles and parts (down 49.9%); footwear, allied products and other clothing accessories (down 12.3%); books, newspapers, stationery and gifts (down 10.9%); furniture and fixtures (down 25.6%); Chinese drugs and herbs (down 9.1%); and optical shops (down 7.6%).

    On the other hand, the value of sales of food, alcoholic drinks and tobacco increased by 0.7% in the first two months of 2025 over the same period a year earlier. This was followed by sales of medicines and cosmetics (up 0.6%).

    The Government commented that the year-on-year decline in the value of total retail sales in February widened, partly due to the earlier arrival of Lunar New Year in late January this year as compared to mid-February last year. 

    Taking the first two months of 2025 together to remove this effect, the value of total retail sales saw a narrower decline on a year-on-year basis than December 2024.

    Looking ahead, the Government said the various measures by the central government to boost the Mainland economy and benefit Hong Kong, together with the Special Administrative Region Government’s efforts to promote tourism and mega events and the sustained increases in employment earnings in local labour market, would benefit the retail sector.

    This is despite the continued challenge from the change in consumption patterns of visitors and residents, it added.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Skypace Enhances Speed and Accuracy of Freight Bookings with Descartes Rate Management Solution

    Source: GlobeNewswire (MIL-OSI)

    ATLANTA, March 31, 2025 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that international freight forwarder Skypace is using the Descartes Global Price Management™ (GPM) solution to populate its self-service quote-to-book platform with accurate shipping rates and provide a digital-first experience for its growing customer base. 

    “As the momentum for digitization accelerates, customer demand for on-demand rating and booking continues to grow,” said Vlad Nikalayeu, Chief Executive Officer at Skypace. “By integrating Descartes GPM into our pricing ecosystem, we’ve cut rate processing times by 85%, with updates completed in under 48 hours. This allows us to deliver quotes with 99% pricing accuracy, ensuring our customers receive the most reliable freight rates. The solution has also helped Skypace achieve a 5% increase in accuracy on surcharges across 16 million rates. All of these benefits contribute to higher levels of customer satisfaction and significant operating efficiencies.”

    The Descartes GPM solution helps freight forwarders streamline rate management, quoting, and surcharge calculations while increasing operational efficiency. By leveraging Descartes’ advanced rate management capabilities, Skypace is optimizing pricing workflows and delivering a seamless quoting experience for shipper customers worldwide. The combined solution enables rapid processing of over 20,000 freight quotes per hour, significantly reducing the time it takes to generate and confirm rates. With a fully digital and automated approach, Skypace provides real-time rate visibility, transforming a process that traditionally took hours or days into a matter of seconds.

    “We’re pleased our solution is helping to drive tangible operational benefits for Skypace and its customers,” said Scott Sangster, General Manager, Logistics Services Providers at Descartes. “Digitization continues to be a fundamental initiative for freight forwarders and our technology helps these organizations simplify the complex process of presenting accurate rates in real-time to more effectively manage the end-to-end transportation of freight.”

    About Skypace

    Skypace is a global freight forwarder and logistics service provider for U.S. shippers and freight forwarders. The company’s goal is to accelerate global trade logistics with an innovative product accessible to the broadest range of industries worldwide. Skypace aims to enhance the behavior of supply chain logistics participants within an adaptive framework, architected by supply chain, transportation, and technology experts. The company features digital platform with a fast operating cycle for ocean freight transportation from door-to-door. The platform enables planning, pricing, freight, and documentation management, and financing services for cargo shippers. From booking to delivery, Skypace ensures a seamless freight forwarding process every step of the way. Learn more at www.skypace.com. 

    About Descartes

    Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and Twitter.

    Global Media Contact
    Cara Strohack
    Tel: 226-750-8050
    cstrohack@descartes.com

    Cautionary Statement Regarding Forward-Looking Statements

    This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ broker and forwarder enterprise solution offerings and potential benefits derived therefrom; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes’ most recently filed management’s discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

    The MIL Network –

  • MIL-OSI United Kingdom: PM remarks at the Organised Immigration Summit in central London: 31 March 2025

    Source: United Kingdom – Executive Government & Departments

    Speech

    PM remarks at the Organised Immigration Summit in central London: 31 March 2025

    The Prime Minister’s remarks at the Organised Immigration Summit in central London today (Monday 31 March).

    It’s great to welcome you all to Lancaster House. It was right here, earlier this month that the UK convened leaders from across Europe together with President Zelenskyy to support a just and lasting peace in Ukraine.

    Because we know that Ukraine’s security is our security. And we can only deliver it by taking bold action at home, with the biggest increase in defence spending since the Cold War.

    And also, by working together with our international partners. 

    Now – the same is clearly true for the security of our borders.

    Illegal migration is a massive driver of global insecurity. It undermines our ability to control who comes here. And that makes people angry. 

    It makes me angry, frankly because it is unfair on ordinary working people who pay the price, from the cost of hotels to our public services struggling under the strain.

    And it’s unfair on the illegal migrants themselves. Because these are vulnerable people being ruthlessly exploited by vile gangs.

    So look, we must each take decisive action in our own countries to deal with this. Nobody can doubt that the people we serve want this issue sorted.

    But the truth is – we can only smash these gangs, once and for all if we work together.

    Because this evil trade, it exploits the cracks between our institutions. Pits nations against one another. Profits from our inability at the political level to come together.

    And that’s why from the moment I took office we said the UK would convene this Summit.

    And I’m delighted today to be joined by all of you. Representatives from more than 40 countries across the world, building a truly international effort to defeat organised immigration crime.

    And let me tell you why. Let me take you back to a visit I made as a relatively new Member of Parliament in 2016 to the camp on the outskirts of Calais.

    I can still picture it now. The muddy ground, sodden with rain and human waste. 

    Children as young as five and seven, the same age as my children were then huddling together in freezing temperatures with almost nothing to keep them warm.

    Now, of course, that infamous camp has long since gone. But the evil of the people smuggling businesses that put people there, that remains.

    The gangs remain. That exploitation of desperation, misery and false hope – that all remains.

    There’s nothing progressive or compassionate about turning a blind eye to this. Nothing progressive or compassionate about continuing that false hope which attracts people to make those journeys.

    No – we have got to get to grips with it once and for all. That’s why when I spoke at the INTERPOL meeting in Glasgow last year I said we need to treat people-smuggling as a global security threat similar if you like to terrorism.

    We’ve got to bring to bear all the powers we have at our disposal in much the same way we do against terrorism.

    Before I was a politician, I was the Director of Public Prosecutions in England and Wales. We worked across borders throughout Europe and beyond to foil numerous plots.

    Saving thousands of lives in the process. We prevented planes from being blown up over the Atlantic. And we brought the perpetrators to justice.

    So I believe we should treat organised immigration crime in the exactly same way. I simply don’t believe organised immigration crime cannot be tackled.

    So – we’ve got to combine resources. Share intelligence and tactics. Tackle the problem upstream at every step of the people smuggling journey, from North Africa and the Middle East to the high streets of our biggest cities. 

    And look, to that end, we’ve already got to work. Begun to make progress since I came into office. The UK has re-set its entire approach to international collaboration.

    I’ve put smashing the gangs on the agenda of international summits. Showing that the UK now means business. Working together with our allies. We’ve struck new agreements and plans with so many of the countries represented in the room here today.

     Take our work with France as a good example. Now previously – their maritime doctrine prevented French law enforcement from responding to small boats in shallow waters.

    But now we’re working with them to change that, to make sure we get new border patrols and specialist units on the French coast using state-of-the-art surveillance technology.

    With Germany another example, if you can believe it, it wasn’t technically illegal to facilitate people-smuggling to a country outside the EU, like the United Kingdom. But now it will be.

    And with our new bilateral agreement Germany will be able to prosecute the criminal networks facilitating this vile trade.

    Just a few examples of the international collaboration that is so important to taking this challenge on. And it’s beginning to bear fruit.

    At the end of last year, a major operation by French, German and British law enforcement smashed an Iraqi smuggling network with multiple arrests and the seizure seizing hundreds of boats and engines.

    In Amsterdam, a man was arrested on suspicion of supplying hundreds of small boat parts to people smugglers.

    That was a joint operation with our National Crime Agency together with Dutch and Belgian police.

    We’re also working upstream to address factors that drive people towards small boats in the first place.

    Working with the authorities in Albania and Vietnam on campaigns to deter those who are thinking about making that perilous journey.

    Because there is also nothing progressive about allowing working age people to come here illegally instead of supporting them to build their own economies, secure a better future for their own countries, and build a safer, more prosperous world.

    But look – as we work together more closely I think than ever before we’ve also got to take the tough measures at home in our own countries.

    That doesn’t mean gimmicks. You may be familiar with the gimmicks of the last 14 years here in Britain. It means understanding the problem.

    And coming up with pragmatic solutions that work. Actually, fixing what’s wrong.

    Few things show this more clearly, than our approach to border security. We inherited this total fragmentation between our policing, our Border Force and our intelligence agencies.

    A fragmentation that made it crystal clear, when I looked at it, that there were gaps in our defence. An open invitation at our borders for the people smugglers to crack on.

    To be honest it should have been fixed years ago. But we’re doing it now with our new Border Security Command. Led by Martin Hewitt – who many of you I think will know.

    We’re recruiting hundreds of specialist investigators from across our police, our Border Force and intelligence agencies. Creating an elite Border Force. Working with our international partners. Ending the fragmentation. 

    £150 million invested over the next two years and new powers and criminal offences to get the job done. So the police will be able to seize the phones and devices of migrants arriving on our shores and gather intelligence about the smugglers. 

    The police will be able to act when they have reason to believe preparations are being made for criminal activity instead of waiting for a crime to happen before they can act.

    And it will be an offence to endanger lives at sea to prevent more tragic deaths in the Channel.

    We are also redeploying resources away from the Tory’s wasteful Rwanda scheme. A scheme that spent over 700 million pounds of taxpayer money to remove just four volunteers.

    You know, even if that scheme had gone well, they were claiming they might remove – 300 people a year.

    Since coming to office – I can announce today we have returned more than 24,000 people who have no right to be here. 

    That would have taken the Rwanda scheme 80 years to achieve. This is what I mean about not giving in to gimmicks. Just focusing our efforts and resources on the nuts and bolts of removing people. Getting the asylum system working properly. That’s how we’ve delivered the highest returns rate for eight years and the four biggest return flights ever.

    We’re also ramping up the deportation of Foreign National Offenders with a new team of specialist frontline staff going into our prisons, speeding up the removal of prisoners who have no right to be in this country.

    Now, all of this is providing a real disincentive to people thinking about coming to Britain illegally. But if we’re talking about incentives – we need to talk about the people smugglers as well.

    Because they don’t care about borders. They don’t care about the people they traffic. And they don’t care about our country and our people.

    They only care about one thing: money. They make huge profits out of ruining people’s lives. I mean – a few months ago, I went to see some of the boats that had been seized at the NCA headquarters. 

    Now we call them small boats, but honestly they’re not worthy of the name boat. I don’t know what you would call them. To me they look like death traps.

    Flimsy. Rubber. No firm structure. You would not let your children climb aboard, even for a second in shallow waters.

    Seriously – if they were a car, they’d be off the road in minutes. The police would intervene. 

    And don’t tell me they’ve got any purpose other than people smuggling. So I see no reason why we can’t go after them. And so we are.

    We have seized hundreds of boats and engines, driving up the costs for the smugglers.

    We have taken down 18,000 social media accounts. That’s 10,000 more than last year, disrupting the way smugglers promote their services.

    And more than that, we have announced a new sanctions regime. Treating people smugglers like terrorists. Freezing their assets, banning their travel.

    Putting them behind bars – where they belong. But just as important – putting their entire model, out of business, securing our borders on behalf of working people.

    Because as I said at the start – this is about fairness. And there is little that strikes working people as more unfair than watching illegal migration drive down their wages, their terms and their conditions through illegal work in their community. 

    We have to be honest here. For too long, the UK has been a soft touch on this. While the last government were busy with their Rwanda gimmick, they left the door wide open for illegal working.

    Especially in short-term or zero-hours roles like in construction, beauty salons and courier services.

    And while of course most companies do the responsible thing and carry out right to work checks.

    Too many dodgy firms have been exploiting a loophole to skip this process: hiring illegal workers, undercutting honest businesses, driving down the wages of ordinary working people. 

    And all of this, of course fuelling that poisonous narrative of the gangs who promise the dream of a better life to vulnerable people yet deliver a nightmare of squalid conditions and appalling exploitation.

    Well, today we are changing that because this government is introducing a tough new law to force all companies to carry out these checks on right to work.

    They take just minutes to complete – so they are not burdensome for business. And they can be done free of charge – so there will be no excuses.

    And no ability to claim they didn’t know they had illegal workers. And failure to comply will result in fines of up to £60,000. Prison terms of up to 5 years and the potential closure of their business.

    Now, none of these strategies on their own are a silver bullet. I know that.

    But each of them is another tool. An arsenal we are building up to smash the gangs once and for all.

    We must pull every lever available. And that is what this Labour government is doing. 

    No short cuts, no gimmicks. Just the hard graft of sleeves-rolled-up, practical government. 

    Securing our borders. Getting a grip on illegal migration. Delivering our Plan for Change.

    We want to work with you and with everyone who is as determined as we are to end the misery and evil of people-smuggling.

    Because together we will save lives.

    We will secure our borders.

    We will smash the gangs that undermine our security…

    And deliver fairness for the working people we serve.

    Thank you.

    Updates to this page

    Published 31 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: With the support of Rosneft, the accreditation center was modernized at the Yugra Medical Academy

    Translartion. Region: Russians Fedetion –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    Samotlorneftegaz, one of Rosneft’s largest production assets, provided financial support for the modernization of one of the key divisions of the Khanty-Mansiysk State Medical Academy – the Simulation and Accreditation Center. The project was implemented within the framework of an agreement between Rosneft and the Government of the Khanty-Mansiysk Autonomous Okrug – Yugra.

    The modernization of the Center allowed to increase the number of specialties for training and accreditation from 19 to 24. For conducting an objective clinical examination, the center is equipped with six transforming stations. Every year, up to 500 doctors can undergo accreditation and confirm their qualifications.

    The project included a comprehensive equipping of the Medical Academy with modern training equipment. For example, a simulator with a real-time feedback system allows practicing resuscitation skills.

    The Academy also has a virtual operating unit that is as close to real conditions as possible. In this space, students and residents can practice the sequence of actions during endoscopic surgical interventions and automatically receive an objective assessment of their operational activities.

    Future doctors have access to a modern laparoscopic simulator, which includes 17 training modules and more than 70 practical tasks. The simulator program includes didactic materials with anatomical 3-D models, video recordings of real operations and interactive instructions with the ability to assess the correctness of the manipulations performed.

    The center’s offices are equipped with additional medical equipment, specialized furniture, computers, and an audio and video surveillance system, which allows for effective use in the learning process. More than 400 students and residents are trained annually in the center of the medical academy within the framework of the main educational program.

    Rosneft, following the principles of social responsibility, traditionally pays special attention to the creation of a favorable social environment in the regions of presence. Thanks to the Company’s support, projects to strengthen the material and technical base of healthcare institutions are regularly implemented.

    Reference:

    JSC Samotlorneftegaz is one of the key production enterprises of Rosneft. It conducts production activities in the Khanty-Mansiysk Autonomous Okrug – Yugra. It develops the largest Samotlor field in Russia, discovered in 1965.

    As part of the cooperation between Rosneft and the Government of the Khanty-Mansiysk Autonomous Okrug-Yugra, the company provides support in equipping educational institutions in the region with modern equipment. For example, the Multidisciplinary College of the Yugra State University has equipped educational laboratories for “Assessment of the Chemical and Physical Quality of Oil and Gas” and “Oil and Gas Processing”; the Nizhnevartovsk branch of the Tyumen Industrial University has opened a computer room with an interactive simulator of well development and operation and equipped laboratories for the physical and chemical study of oil and gas, as well as electrical engineering and electronics. A simulation trainer for a primary oil refining unit has also been purchased for the Yugra State University Oil Institute, and a project to introduce a geospatial technology laboratory has been implemented at the Nizhnevartovsk Construction College.

    Department of Information and Advertising of PJSC NK Rosneft March 31, 2025

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

    MIL OSI Russia News –

  • MIL-OSI Europe: ASIA/BAHRAIN – “The dream comes true”: Inauguration of the Pontifical Society of the Holy Childhood in the Apostolic Vicariate of Northern Arabia

    Source: Agenzia Fides – MIL OSI

    Monday, 31 March 2025

    Avona

    Awali (Agenzia Fides) – “Sowing the seeds of the Pontifical Mission Societies in the Apostolic Vicariate of Northern Arabia (AVONA) is a herculean task due to its jurisdiction in four countries, Bahrain, Kuwait, Qatar and Saudi Arabia. Fortunately, a ‘visionary’ sees a solution for every problem” writes Father Marcus Fernandes OFM.Cap., delegate of the Missio-Avona, to Fides. The reference is to the Apostolic Vicar of Avona, Bishop Aldo Berardi, O.SS.T., defined precisely as “the ‘visionary’ Bishop who promoted the mission in the Vicariate” thanks to which the Pontifical Society of the Holy Childhood was inaugurated.During the celebration of the mass held on Friday, March 28 in the Cathedral of Our Lady of Arabia (OLA), in Awali, Bishop Berardi welcomed the first 46 child volunteers of the Holy Childhood Society. “Praying, helping and sharing the Gospel is the mission of children” the bishop recalled in his homily recalling the three mottos of the Holy Childhood and inviting all those present to pray and share the Gospel every day.”On January 5 – continues Fr. Marcus – we had celebrated the Holy Childhood day and, to make this day a memorable one, the Missio-Avona Office organized an essay and drawing competition based on the theme “Children are the Missionaries of Hope”, with the aim of creating an interest and to know about the Holy Childhood or Pontifical Mission Societies.”“We received beautiful essays and drawings, the children expressed their emotions to the fullest. The winners of the competitions were declared during the Inaugural mass of the Awali Holy childhood society on 28th March 2025 in Bahrain and the winner’s name will be published in our digital magazinelaunched on December 10, 2024 (see Fides, 12/12/2024) on the occasion of the third anniversary of the dedication of the Cathedral of Our Lady of Arabia.”Bishop Berardi, along with Rector of the Cathedral Fr. Saji Thomas, ofm Cap., and other coordinators of the Holy Childhood concelebrated the mass. “During the Eucharist – adds the Apostolic Vicar – we prayed for the people in Myanmar devastated by the serious earthquake on Friday 28 March. We offer masses for them. The destruction of places of worship has touched us deeply.”‘What do you ask from the Church?’ was the question that the Apostolic Vicar asked the children before the final blessing. “The children recited the pledge and expressed their desire to make them child missionaries to become friends of Jesus and to serve the children.”“The day ended with a big feast together with the families. Now the entire operational group in the Cathedral and our four coordinators are ready to continue the missionary zeal of the children – concludes the delegate of the Pontifical Mission Societies.With the establishment of the Holy Childhood Society in the Cathedral of Bahrain, under the Leadership of our Apostolic vicar, the Pontifical Mission Societies are seeing their good days in the Apostolic Vicariate of Northern Arabia”. (AP) (Agenzia Fides, 31/3/2025)
    Avona

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    MIL OSI Europe News –

  • MIL-OSI: TransUnion Announces Earnings Release Date for First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, March 31, 2025 (GLOBE NEWSWIRE) — TransUnion (NYSE: TRU) will publish its financial results for the first quarter ended March 31, 2025, in a press release to be issued at approximately 6:00 a.m. Central Time (CT) on Thursday, April 24, 2025. The company will hold a conference call on the same day at 8:30 a.m. (CT) to discuss its financial results. The press release and a live webcast of the earnings conference call will be available on the TransUnion Investor Relations website at http://www.transunion.com/tru.

    About TransUnion (NYSE: TRU)

    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: 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.

    http://www.transunion.com/business

    The MIL Network –

  • MIL-OSI: Subsea7 awarded contract offshore Norway

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg – 31 March 2025 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a sizeable1 contract by Equinor as technical service provider (TSP) for the Northern Lights Phase 2 project, offshore Norway.

    Subsea7’s scope includes engineering, procurement, construction and installation of a five kilometre CO2 pipeline, as well as installation of integrated satellite structures, umbilicals, tie-in and pre-commissioning activities.

    Project management and engineering will commence immediately at Subsea7’s office in Stavanger, Norway. Fabrication of the pipeline will take place at Subsea7’s spoolbase at Vigra, Norway and offshore operations will be executed in 2026 and 2027.

    Erik Femsteinevik, Vice President for Subsea7 Norway said: “We are excited to continue our collaboration with Equinor TSP and the Northern Lights’ owners Equinor, Shell and TotalEnergies on phase 2 of this ambitious and pioneering project. We look forward to working together to increase the development’s carbon storage capacity to a minimum of five million tonnes per year, and to support the continued development of a new value chain for Norway and Europe.”

    Northern Lights phase 2 is enabled by a grant from the Connecting Europe Facility for Energy (CEF Energy) funding scheme. 

    1. Subsea7 defines a sizeable contract as being between $50 million and $150 million.

    *******************************************************************************
    Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.

    Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

    *******************************************************************************

    Contact for investment community enquiries:
    Katherine Tonks
    Investor Relations Director
    Tel +44 20 8210 5568
    ir@subsea7.com

    Contact for media enquiries:
    Jan Roger Moksnes
    Communications Manager
    Tel +47 41515777
    janroger.moksnes@subsea7.com
    www.subsea7.com

    Forward-Looking Statements: This document may contain ‘forward-looking statements’ (within the meaning of the safe harbour provisions of the U.S. Private Securities Litigation Reform Act of 1995). These statements relate to our current expectations, beliefs, intentions, assumptions or strategies regarding the future and are subject to known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements may be identified by the use of words such as ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘future’, ‘goal’, ‘intend’, ‘likely’ ‘may’, ‘plan’, ‘project’, ‘seek’, ‘should’, ‘strategy’ ‘will’, and similar expressions. The principal risks which could affect future operations of the Group are described in the ‘Risk Management’ section of the Group’s Annual Report and Consolidated Financial Statements. Factors that may cause actual and future results and trends to differ materially from our forward-looking statements include (but are not limited to): (i) our ability to deliver fixed price projects in accordance with client expectations and within the parameters of our bids, and to avoid cost overruns; (ii) our ability to collect receivables, negotiate variation orders and collect the related revenue; (iii) our ability to recover costs on significant projects; (iv) capital expenditure by oil and gas companies, which is affected by fluctuations in the price of, and demand for, crude oil and natural gas; (v) unanticipated delays or cancellation of projects included in our backlog; (vi) competition and price fluctuations in the markets and businesses in which we operate; (vii) the loss of, or deterioration in our relationship with, any significant clients; (viii) the outcome of legal proceedings or governmental inquiries; (ix) uncertainties inherent in operating internationally, including economic, political and social instability, boycotts or embargoes, labour unrest, changes in foreign governmental regulations, corruption and currency fluctuations; (x) the effects of a pandemic or epidemic or a natural disaster; (xi) liability to third parties for the failure of our joint venture partners to fulfil their obligations; (xii) changes in, or our failure to comply with, applicable laws and regulations (including regulatory measures addressing climate change); (xiii) operating hazards, including spills, environmental damage, personal or property damage and business interruptions caused by adverse weather; (xiv) equipment or mechanical failures, which could increase costs, impair revenue and result in penalties for failure to meet project completion requirements; (xv) the timely delivery of vessels on order and the timely completion of ship conversion programmes; (xvi) our ability to keep pace with technological changes and the impact of potential information technology, cyber security or data security breaches; (xvii) global availability at scale and commercially viability of suitable alternative vessel fuels; and (xviii) the effectiveness of our disclosure controls and procedures and internal control over financial reporting. Many of these factors are beyond our ability to control or predict. Given these uncertainties, you should not place undue reliance on the forward-looking statements. Each forward-looking statement speaks only as of the date of this document. We undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
    This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
    This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 31 March 2025 at 12:15 CET.

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    The MIL Network –

  • MIL-OSI Africa: African Rare Earth Projects Advance Amid Rising Global Demand

    Source: Africa Press Organisation – English (2) – Report:

    CAPE TOWN, South Africa, March 31, 2025/APO Group/ —

    The global demand for rare earth elements (apo-opa.co/3FI1pbZ) is projected to increase four-fold by 2030, driven by the energy transition and increasing investments in industrialization. African nations rich in rare earth minerals are accelerating exploration and production efforts to capitalize on this growth. With up to eight rare earth projects set for commissioning across the continent by 2029 – boosting Africa’s share of the global supply chain to 10% – the upcoming African Mining Week will spotlight opportunities across the rare earth value chain.

    Africa’s rare earth sector remains largely untapped, thereby attracting the interest of global project developers eager to unlock its full potential. South African asset manager Novare, for example, signed a R1.8 billion agreement (apo-opa.co/3E9EG8f) in February 2025 with American firm ReElement Technologies to develop a rare earth refining and battery manufacturing facility. ReElement will contribute its refining technology while Novare will provide funding for the value addition initiative, with construction expected to begin in the second half of 2025.

    In Namibia, the Japan Organization for Metals and Energy Security and Namibia Critical Metals (apo-opa.co/427nfNI) completed a production pilot for the Lofdal Project, one of only two xenotime-type heavy rare earth deposits currently under development worldwide. Meanwhile, in Angola, Pensana (apo-opa.co/43A3nW0) secured an $80 million loan from Absa Bank Limited in January 2025 to expedite the rollout of the Longonjo Project, which is expected to supply 5% of the world’s magnet metal rare earths demand – essential for the development of wind turbines and electric vehicles.

    Major investors are also making bold moves in Africa’s rare earth sector. Billionaires Jeff Bezos and Bill Gates (apo-opa.co/3FJsOdC) have injected $537 million into exploration and mine development through mining startup KoBold Metals, further accelerating Africa’s rare earth ambitions. The funding will be directed toward rare earth mining ventures. Additionally, recognizing the strategic value of rare earths, multinational financial institution the African Development Bank proposed the development of the African Units of Account (AUA) (apo-opa.co/3FOTDxe) – a new currency backed by Africa’s critical mineral reserves, including rare earth elements. The initiative would help stabilize regional currency markets and attract more international investment in green energy projects, amidst the growing demand of critical minerals globally and Africa’s vast reserves.

    The year 2025 continues to mark significant milestones in the growth of Africa’s rare earth sector, with the advancement of key projects (apo-opa.co/43uodGd) such as Phalaborwa and Steenkampskraal (South Africa), Makuutu (Angola), Ngualla (Tanzania) and Songwe (Malawi). Amid these developments, African Mining Week serves as a strategic platform for African regulators, industry stakeholders and global investors to engage in deal signings and forge partnerships, further solidifying Africa’s role in the global rare earth supply chain.

    MIL OSI Africa –

  • MIL-OSI United Kingdom: New government fund to go after people smuggling gang bosses

    Source: United Kingdom – Executive Government & Departments

    News story

    New government fund to go after people smuggling gang bosses

    Nearly £1 million in government funding will support Iraq in its fight to take down the kingpins of organised immigration crime.

    Photo: Getty Images

    The evil linchpins at the top of people smuggling gangs who consider themselves untouchable will be hunted down and brought to justice thanks to nearly £1 million in government funding to support Iraq to combat organised immigration crime.

    The Home Secretary’s groundbreaking partnership with Iraq is making significant headway to tackle organised immigration crime and fortify border security in the Kurdistan Region of Iraq (KRI). New funding, specialist technology and bolder investigation processes have been pursued since the landmark agreement was signed just 4 months ago. 

    The nearly £1 million in new government funding will support the passing of new anti-smuggling legislation in the KRI, which is a critical milestone in the region’s ability to prosecute organised crime groups involved in people smuggling. It will also be used to provide targeted training, specialist technological support, and community engagement to address key security challenges in the region.  

    Successful implementation of the new law will also bolster wider National Crime Agency (NCA) operations, supporting them to disrupt high-profile criminal networks operating in the region. The NCA already has more than 70 investigations into top tier immigration crime networks, including those from or within the KRI. 

    Earlier this year, the NCA worked with KRI law enforcement partners on a joint operation for the first time ever, which resulted in the arrest of 3 high profile members of a people smuggling network impacting the UK.

    The UK-Iraq partnership has also led to a major crackdown on the use of fraudulent documents by people smuggling gangs to move migrants through the Iraqi border. Over 100 Iraqi border and airline officials are being trained to detect false papers, and the UK has distributed specialist forgery detection devices across forensic labs in Erbil, Sulaymaniyah and Dohuk. 

    The UK is a world leader in false document detection and has shared expertise, specialist equipment and intelligence with the KRG to help them take down a key route used by people smugglers, who are risking the lives of those they transport and compromising border security.

    Joint action between the Home Office, NCA and international partners is also targeting the abhorrent business model of these criminal networks, including their use of social media platforms, financial flows, and maritime equipment such as boats and engines. This multi-faceted approach is having a significant impact, with over 8,000 social media accounts taken down in 2024, and more than 600 boats and engines seized by European partners working with the NCA, before they could be used in life-threatening crossings. 

    The news comes ahead of the Home Secretary and the Prime Minister hosting the first Organised Immigration Crime Summit on 31 March and 1 April, where the Government of Iraq and the Kurdistan Regional Government will co-chair a collaborative session tightening supply chain controls. 

    Iraq is a key partner in tackling organised crime groups, to ensure the prosperity and security of UK and Iraqi citizens, delivering on the government’s Plan for Change. 

    The Home Office remains committed to supporting the Government of Iraq and the KRG in tackling the root causes of organised crime, strengthening the rule of law, and safeguarding vulnerable individuals from the dangers posed by criminal networks.

    Minister for Security, Dan Jarvis, said: 

    The ‘Mr Bigs’ of people-smuggling gangs are cowards who hide in other countries and use their stooges to do their dirty work, while they count the grubby blood money they receive. They do not care about the people they are endangering who are being recklessly crammed into increasingly crowded, flimsy boats.

    We are using every power in our disposal to hunt them down, bring them to justice and dismantle their evil people smuggling networks. The UK’s partnership with Iraq is a cornerstone in this fight, with both of our countries making significant progress in just a matter of months. Criminal ‘lords’ in Iraq who had previously thought themselves untouchable are now being sent a clear message that their abhorrent business model will fail.

    Updates to this page

    Published 31 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: Spectacular waterfalls are an often-hidden gem of Yellowstone National Park

    Source: US Geological Survey

    Yellowstone Caldera Chronicles is a weekly column written by scientists and collaborators of the Yellowstone Volcano Observatory. This week’s contribution is from Shaul Hurwitz, research hydrologist with the U.S. Geological Survey.

    “After gathering a sufficient supply of water, they commence wearing their channels down into the volcanic rocks, which continue to grow deeper as they descend. Each one has its water-fall, which would fill an artist with enthusiasm.” So wrote Ferdinand V. Hayden, who explored Yellowstone starting in 1871 (Hayden report of 1872, p. 75). 

    Yellowstone National Park abounds in waterfalls. But how do they form, and why are there so many in the Yellowstone region?

    Schematic illustration of waterfall formation in which a hard rock that is more resistant to erosion is atop a softer rock that is less resistant to erosion. Source: Wikimedia (https://commons.wikimedia.org/wiki/File:WaterfallCreationDiagram.svg).

    Although there are several definitions for a waterfall, a common one is “a very steep commonly vertical fall of some magnitude in a river course”. Various clas­sifications of waterfalls were developed based on their origin and characteris­tics, such as height and rock type. The most common model to explain waterfall formation suggests that they form where rock units with different hardness meet laterally or vertically. If a stream flows over harder rocks that are more resistant to erosion than the rocks immediately downstream, a ledge or bench will form across the streambed because the softer and less resistant rocks are worn away faster. As the ledge becomes higher, the softer downstream rocks will erode faster. This undercutting of the less-resistant rock causes the overhanging rock to shear off, and typically a plunge pool at the base of a waterfall is created where the water impacts.

    The highest waterfall in the world is Angel Falls in Venezuela (3,212 feet, or 979 meters), and in the United States it is Oloʻupena Falls on the Island of Molokai in Hawaii (2,953 feet, or 900 meters). There are 52 sites In UNESCO’s World Heritage List with waterfalls, of which three are in the United States (in Yellowstone, Grand Canyon, and Yosemite National Parks). A USGS dataset and a US Fish and Wildlife Service waterfall database contain information about waterfalls and rapids for the continental United States.

    Photo of Fairy Falls in the Lower Geyser Basin, near Grand Prismatic Spring. Yellowstone National Park photo by Jacob W. Frank, October 28, 2018.

    The rivers flowing in Yellowstone National Park are fed by large volumes of water from snow and rain falling over the Yellowstone Plateau. Many stretches of these rivers are nearly flat bottomed, but in some sections the rivers contain narrow valleys where deep gorges were carved. Some waterfalls in Yellowstone formed where rocks with differences in hardness meet in these deep gorges, while others formed at the edges of thick rhyolite lava flows. There are approximately 350 waterfalls of more than 15 feet in the park. Many of these can be viewed by hiking a short distance, for example, Gibbon Falls near Madison Junction, Tower Falls near Tower Junction, Mystic Falls near Biscuit Basin, and Fairy Falls near Grand Prismatic Spring(the latter named by Colonel Barlow, who explored the Yellowstone region 1871 and 1872, “from the graceful beauty with which the little stream dropped down a clear descent of 250 feet” (Hayden report of 1872, p.112).

    There are two prominent waterfalls in the Grand Canyon of the Yellowstone: the Upper (33 meters, or 109 feet) and the Lower Falls (94 meters, or 308 feet). The Lower Falls is the tallest waterfall in the park and is significantly taller that the total height of Niagara Falls (51 meters, or 167 feet for the Canadian and American Falls). The Upper and Lower Falls can be viewed from several locations along the rim of the Grand Canyon of the Yellowstone.

    Like many prominent waterfalls, those in the Grand Canyon of the Yellowstone exist because rock layers change laterally from soft to hard. At the end of the last glacial period, about 14,000 years ago, ice dams at the mouth of Yellowstone Lake failed, and the large volumes of water that were released caused massive floods downstream. These floods led to erosion of the present-day canyon, which is a classic, narrow, V-shaped valley, indicative of erosion by rivers rather than by glaciation (which tends to form broad, U-shaped valleys). The canyon is approximately 24 miles (39 kilometers) long, and its depth is between 800 and 1,200 feet (240 and 370 meters). The thick rhyolite flows at the base of the canyon were hydrothermally altered and weakened by hot groundwater. After the canyon formed, the weakened rhyolite was less resistant to flow of the Yellowstone River downstream from the falls.

    Photo of Colonnade Falls on the Bechler River in southwest Yellowstone National Park, also called the “Cascade corner”. Yellowstone National Park photo by Diane Renkin, September 15, 2012.

    A large number of impressive waterfalls are in Yellowstone’s southwest corner, which is unofficially named the “Cascade Corner” as a result. Snow accumulation in this area is the highest across the Yellowstone Plateau, and most of the rivers and creeks mainly drain the Pitchstone Plateau, the site of the last volcanic eruption in Yellowstone. To see some of these remote waterfalls requires long hikes. In the Bechler River drainage, these include Colonnade (67 feet, or 20 meters), Albright (260 feet, or 79 m), and Ouzel (230 feet, or 70 meters) Falls. Bechler River was named after Gustavus Bechler, a surveyor and cartographer with the 1872 expedition led by Ferdinand Hayden, and Albright Falls was named after Horace Albright, an assistant and acting director of the National Park Service and later superintendent of Yellowstone National Park. Some other notable waterfalls in the “Cascade Corner” include Silver Scarf (250 feet, or 76 meters) and Dunanda (150 feet, or 46 meters) Falls along Boundary Creek, and Union Falls (250 feet, or 76 m) on Mountain Ash Creek.

    When planning a visit to explore Yellowstone National Park’s many wonders, consider taking the time to view some of its many waterfalls. Perhaps you might be able to identify different rocks on either side of the waterfall, or perhaps see the edge of a thick rhyolite lava flow. If you are adventurous and ready to visit the park’s backcountry (having obtained the necessary permit, of course), you will be rewarded by many waterfalls with significantly fewer people. In the “Cascade Corner,” where the annual precipitation is more than 50 inches (about 130 centimeters), you will be challenged by many stream crossings and a pesky mosquito population in the early summer months. Most hikes in that area start at the Bechler ranger station trailhead.

    Additional Reading

    • The Guide to Yellowstone Waterfalls and Their Discovery (2000) by Paul Rubinstein, Lee H. Whittlesey, Mike Stevens 
    • Waterfalls of Yellowstone National Park by Charles W. Maynard (1996)
    • Ribbons of Water: The Waterfalls and Cascades of Yellowstone National Park (1984) by John Barber
    • Goudie, A.S., 2020. Waterfalls: forms, distribution, processes and rates of recession. Quaestiones Geographicae, 39, 59-77.
    • Final Sculpting of the Landscape based on The geologic story of Yellowstone National park by William R. Keefer, U.S. Geological Survey Bulletin 1347, 1971
    • Wikipedia sites:  List of waterfalls in Yellowstone National Park, Yellowstone River Falls, Grand Canyon of the Yellowstone, and List of world’s waterfalls by height

    MIL OSI USA News –

  • MIL-OSI: 16/2025・Trifork Group: Weekly report on share buyback

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 16 / 2025
    Schindellegi, Switzerland – 31 March 2025

    Trifork Group: Weekly report on share buyback

    On 28 Februay 2025, Trifork initiated a share buyback program in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (MAR) and Commission Delegated Regulation (EU) 2016/1052, (Safe Harbour regulation). The share buyback program runs from 4 March 2025 up to and including no later than 30 June 2025. The buyback program will not be active from 9 to 15 April 2025. For details, please see company announcement no. 7 of 28 February 2025.

    Under the share buyback program, Trifork will purchase shares for up to a total of DKK 14.92 million (approximately EUR 2 million).

    Prior to the launch of the share buyback, Trifork held 256,329 treasury shares, corresponding to 1.3% of the share capital.

    Under the program, the following transactions have been made:

    Date    Number of shares       Average purchase price (DKK)       Transaction value (DKK)
    Total beginning 29,388 84.04 2,469,874
    24 March 2025 1,900 93.98 178,562
    25 March 2025 1,900 92.99 176,681
    26 March 2025 2,000 92.20 184,400
    27 March 2025 2,200 90.24 198,528
    28 March 2025 2,480 88.11 218,513
    Accumulated 39,868 85.95 3,426,558

    Since the share buyback program was started on 4 March 2025, the total number of repurchased shares is 39,868 at a total amount of DKK 3,426,558. As of 25 March 2025, 1,352 shares acquired through the share buyback program were utilized for the Executive Management’s monthly fixed salary, representing a change from cash payment to payment partly in shares (refer to company announcement no. 1 of 21 January 2025).

    With the transactions stated above, Trifork holds a total of 294,845 treasury shares, corresponding to 1.5%. The total number of registered shares in Trifork is 19,744,899. Adjusted for treasury shares, the number of outstanding shares is 19,450,054.


    Investor and media contact
    Frederik Svanholm, Group Investment Director & Head of Investor Relations
    frsv@trifork.com, +41 79 357 73 17

    About Trifork
    Trifork is a pioneering global technology partner, empowering enterprise and public sector customers with innovative solutions. With 1,229 professionals across 73 business units in 16 countries, Trifork delivers expertise in inspiring, building, and running advanced software solutions across diverse sectors, including public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. Trifork Labs, the Group’s R&D hub, drives innovation by investing in and developing synergistic and high-potential technology companies. Trifork Group AG is a publicly listed company on Nasdaq Copenhagen. Learn more at trifork.com.

    Attachment

    The MIL Network –

  • MIL-OSI: CLEAR, an Official TSA PreCheck® Enrollment Provider, Expands Enrollment and Renewal Options by Opening a New Location at Salesforce Transit Center in Downtown San Francisco

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 31, 2025 (GLOBE NEWSWIRE) — CLEAR (NYSE: YOU), an official TSA PreCheck® enrollment provider, continues to expand locations outside the airport environment to enroll and renew consumers in the Trusted Traveler program by opening a new location at the Salesforce Transit Center in downtown San Francisco. This marks CLEAR’s first non-airport location in the area for TSA PreCheck enrollment and renewal services, complementing its 58 airport-based enrollment and renewal locations across the U.S. TSA PreCheck enrollment and renewal services through CLEAR are also available at select Staples stores nationwide.

    The launch of this new enrollment location represents the ongoing expansion of CLEAR’s national TSA PreCheck enrollment footprint. Throughout 2025, CLEAR will continue delivering convenience to consumers by launching additional locations and extended hours of operation for enrollment and renewals.

    “TSA PreCheck through CLEAR provides a fast and efficient travel experience,” said Caryn Seidman Becker, CEO of CLEAR. “We’re excited to bring this trusted traveler program to the Salesforce Transit Center, a key hub for Bay Area travelers in the heart of San Francisco. By expanding TSA PreCheck enrollment beyond airports, we’re making it easier and more convenient than ever for travelers to enroll or renew—helping them move through security faster and more efficiently.”

    “Salesforce Transit Center is a vital connection point for commuters and travelers across the Bay Area, and we are always looking for ways to enhance the services available to our visitors,” said Adam Van de Water, TJPA Executive Director. “Bringing TSA PreCheck enrollment to the Transit Center provides a new level of convenience for those looking to simplify their future air travels, whether they’re frequent flyers or planning ahead for their next trip. We’re excited to partner with CLEAR to bring this valuable service to Downtown San Francisco.”

    Located in the Grand Hall of the Salesforce Transit Center, the enrollment local hours are Monday through Friday, 8 a.m. PT to 6 p.m. PT; and Saturday and Sunday from 10 a.m. PT to 5 p.m. PT. Look for the TSA PreCheck through CLEAR standing banners and pods.

    TSA PreCheck members benefit from the convenience of keeping shoes, belts and light jackets on through the airport security checkpoint, and keeping laptops and 3-1-1 compliant liquids in carry-on bags. Members typically get through security screening much faster, with about 99% of members waiting less than 10 minutes at airport checkpoints nationwide.

    New TSA PreCheck applicants can pre-enroll or find an enrollment location by visiting the authorized CLEAR’s authorized TSA PreCheck website, https://tsaprecheckbyclear.tsa.dhs.gov/. Most existing TSA PreCheck members can renew directly on the website, regardless of the provider they enrolled with originally.

    A list of CLEAR enrollment locations for TSA PreCheck is included below, and on the CLEAR, TSA PreCheck website: https://tsaprecheckbyclear.tsa.dhs.gov/locations.

    About TSA PreCheck®        
    TSA PreCheck is a Department of Homeland Security (DHS) Trusted Traveler program that allows enrolled travelers expedited screening through airport security. TSA PreCheck lanes are located at over 200 airports with nearly 90 airlines participating. Since TSA first launched the TSA PreCheck application program as a DHS Trusted Traveler Program for low-risk travelers in December 2013, active membership in the program has grown to more than 20 million members.

    About CLEAR
    CLEAR’s mission is to strengthen security and create frictionless experiences. With over 30 million Members and a growing network of partners across the world, CLEAR’s identity platform is transforming the way people live, work, and travel. Whether you are traveling, at the stadium, or on your phone, CLEAR connects you to the things that make you, you – making everyday experiences easier, more secure, and friction-free. CLEAR is committed to privacy done right. Members are always in control of their own information, and we never sell Member data. For more information, visit clearme.com.

    About the Transbay Joint Powers Authority (TJPA)
    The Transbay Joint Powers Authority (TJPA) is charged with delivering the Transbay Program, a visionary transportation and housing project that has transformed downtown San Francisco and the Bay Area’s regional transportation system by creating a world-class transportation hub in the heart of downtown San Francisco. The TJPA has completed two of the three components of the Program by replacing the former Transbay Terminal at First and Mission streets with a modern regional transit hub, the Salesforce Transit Center, that currently connects nine Bay Area transit systems and creating a transit-oriented neighborhood with new residents, shops and open-space.

    The TJPA is working to complete the Program by delivering the third and final component of the Program, The Portal, also known as the Downtown Rail Extension, which will extend Caltrain and ultimately, California High-Speed Rail service from 4th and King streets to the Transit Center in downtown San Francisco. As the owner and operator of the multimodal Transit Center, the TJPA manages the 5.4-acre public Salesforce Park, found on the Transit Center’s rooftop and partners with the East Cut Community Benefit District to provide free Park activities and events throughout the year. The name of the Salesforce Transit Center and Salesforce Park is the result of a naming rights agreement with salesforce.com that helps fund the Center’s operating costs.

    Forward-Looking Statements
    This release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that any and such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties, and that actual results, developments and events may differ materially from those in the forward-looking statements as a result of various factors, including those described in the Company’s filings within the Securities and Exchange Commission, including the sections titled “Risk Factors” in our Annual Report on Form 10- K. The Company disclaims any obligation to update any forward-looking statements contained herein.

    CLEAR
    media@clearme.com   

    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

  • MIL-OSI: Westport Announces Agreement to Divest the Light-Duty Segment for $73.1 Million

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, March 31, 2025 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport” or the “Company”) (TSX:WPRT / Nasdaq:WPRT), has entered into a binding agreement (the “Agreement”) to sell its interest in Westport Fuel Systems Italia S.r.l., which includes the Light-Duty segment, including the light-duty OEM, delayed OEM, and independent aftermarket businesses, to a wholly-owned investment vehicle of Heliaca Investments Coöperatief U.A. (“Heliaca Investments”), a Netherlands based investment firm supported by Ramphastos Investments Management B.V. a prominent Dutch venture capital and private equity firm (the “Transaction”). The Transaction provides for a base purchase price of $73.1 million (€67.7 million), subject to certain adjustments, and potential earnouts of up to an estimated $6.5 million (€6.0 million) if certain conditions are achieved, in accordance with the terms of the Agreement.

    Moving forward, Westport intends to concentrate fully on providing affordable solutions for hard-to-decarbonize mobility and industrial applications, centered around the unique opportunities created by the HPDI technology and our Cespira joint venture. The Transaction also strengthens Westport’s balance sheet and enables Westport to consider strategic acquisition opportunities consistent with the above strategic focus and extend its runway to fund near-term growth.

    “This Transaction marks a significant milestone in our evolution as an alternative fuel systems enterprise. By returning to our roots and focusing on our core strengths, providing solutions in hard-to-decarbonize mobility and industrial applications, we are positioning Westport for sustainable growth and enhanced operational efficiency. The Light-Duty segment has been an important part of our history, and we are confident that Heliaca Investments is the right partner to continue its development. This Transaction allows us to streamline our operations, sharpen our focus on innovation, and create long-term value for our stakeholders. We are excited about the opportunities ahead and look forward to building on our momentum,” said Dan Sceli, Chief Executive Officer of Westport Fuel Systems.

    Under the terms of the Agreement, Heliaca Investments through its subsidiary will acquire Westport’s Light-Duty segment, including its related assets and customer contracts. The Transaction is subject to shareholder approval and other customary closing conditions and is expected to close in late Q2 of 2025.

    The proceeds from the proposed Transaction are expected to enable Westport to significantly improve its financial stability, while also supporting key growth initiatives focused on providing solutions for hard-to-decarbonize mobility and industrial applications. Following closing, Westport intends to align its cost structure to be more reflective of a smaller, more efficient organization, while also seeking further opportunities for efficiency gains.

    Strategic Transformation

    The proposed divestiture is a pivotal step in refocusing Westport on its competitive strengths. Westport remains committed to providing affordable, alternative fuel solutions for the heavy-duty truck, off-road, and industrial markets. Westport believes that hydrogen will play a role in decarbonizing mobility applications long-term. However, Westport’s products are timeline-agnostic, allowing the Company to leverage its High-Pressure Controls and Systems segment and its stake in Cespira, which both have solutions available now, to address decarbonization with net zero and low carbon fuels while also providing affordable solutions utilizing zero carbon hydrogen in the future. Westport’s remaining assets, when combined, create the potential for fuel agnostic high-pressure storage solutions, complementing HPDI and Cespira’s growth aspirations.

    As the hydrogen ecosystem evolves, Westport views the natural gas market, including LNG, CNG and RNG as our foundation, with strong economics in many geographies and diverse growth opportunities. The Company’s GFI products are already industry leading on a global scale and backed by intellectual property rights that are expected to strengthen our already significant competitive advantage in high-pressure fuel solutions.

    Moreover, the Company will consider strategic merger and acquisition opportunities that align with the reimagined strategic focus.

    Creating Focus

    The resurgence of natural gas and renewable natural gas globally provides a market opportunity for Westport. In particular, while HPDI technology is well positioned and established in Europe, the North American market presents many growth opportunities. North America is again embracing natural gas and renewable natural gas as an important part of the solution to reduce the cost and the carbon footprint of heavy-duty long-haul trucking. Natural gas infrastructure is abundant and RNG production is growing.

    As we wait for hydrogen adoption, both Cespira and our High-Pressure Controls & Systems segment have products and technologies enabling the use of lower-carbon fuels today. These same products are equally viable in the future as hydrogen adoption ramps up. In the near-term, our High-Pressure Controls and Systems business has expertise in high-pressure components, providing the capability to rapidly develop CNG high pressure solutions for heavy-duty, off-road and industrial applications, providing effective solutions for decarbonization by utilizing alternative fuels today while advancing zero-emissions hydrogen solutions for the future. Additionally, the Company holds extensive intellectual property assets related to high-pressure fuels for HPDI engines. These initiatives are being designed to strengthen Westport’s competitive position and reinforce its role in advancing low-carbon fuel solutions for hard-to-decarbonize mobility applications.

    Advisors

    J.P. Morgan is acting as financial advisor to Westport and is providing a fairness opinion to the board of directors in connection with the Transaction. Bennett Jones LLP and Delfino Willkie are acting as legal advisors to Westport, and E&Y is acting as tax advisor to the Company.

    Gianni & Origoni, NautaDutilh, Wardyński & Partners and PwC are advising Heliaca Investments in connection with the Transaction.

    About Westport Fuel Systems

    At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global transportation industry. Our technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America, and South America, we serve our customers in approximately 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com.

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements, including statements regarding the closing of, and timing for closing of, the Transaction, shareholder approval of the Transaction, the anticipated benefits of the Transaction, including potential earn-out payments, the Transaction alleviating liquidity concerns, the ability to strengthen our balance sheet and align our cost structure, the ability to capitalize on growth initiatives, including fund strategic acquisitions, the ability to transition to a smaller, more efficient organization and our expectations regarding the future success of our business, the adoption of hydrogen and the future growth and development of HPDI. Other forward-looking statements included in the release include those relating to Westport’s future strategic plans, business opportunities and use of the Transaction proceeds. These statements are neither promises nor guarantees but involve known and unknown risks and uncertainties and are based on both the views of management and assumptions that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activities, performance, or achievements expressed in or implied by these forward-looking statements. These risks, uncertainties, and assumptions include those related to completion and satisfaction of all conditions to closing of the Transaction set out in the Agreement, governmental policies, regulation and approval, the achievement of the performance criteria required for the earn out described above, purchase price adjustments contained in the Agreement, the demand for high-pressure storage solutions and other products, as well as other risk factors and assumptions that may affect our actual results, performance, or achievements, as discussed in our most recent Annual Information Form and other filings with securities regulators. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they were made. We disclaim any obligation to publicly update or revise such statements to reflect any change in our expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in these forward-looking statements except as required by National Instrument 51-102. The contents of any website referenced in this press release are not incorporated by reference herein.

    Investor Inquiries:

    Investor Relations
    T: +1 604-718-2046
    E: invest@wfsinc.com

    The MIL Network –

  • MIL-OSI: MEXC Unveils MNT Promotion Offering Up to $1 Million in Rewards

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles , March 31, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, has announced a groundbreaking partnership with Mantle (MNT) to launch an exclusive month-long trading campaign with a prize pool of up to $1,000,000, offering users an opportunity to earn substantial rewards.

    The event presents a range of valuable opportunities for users:

    • Zero trading fees on MNT Spot and Futures markets, helping users reduce costs and optimize returns.
    • Up to 500% APR through MNT staking, offering one of the most competitive yields currently available.
    • Token rewards via Launchpool, where users can stake USDT, MX, or MNT to earn additional MNT tokens and exclusive benefits.

    Additionally, users can join the Deposit & Trade campaign, designed with a low entry threshold—ideal for newcomers looking to explore the ecosystem. For seasoned traders, the Futures Trading Competition provides a platform to demonstrate their trading expertise, climb the leaderboard based on trading volume, and compete for a share of the $300,000 prize pool.

    Event Overview

    Period: March 31, 2025, 10:00 – April 30, 2025, 10:00 (UTC)
    During the event period, users can participate in the following MNT-related activities on the platform by clicking on the links below.
    Event 1: MNT trading (Spot and Futures) is available with zero trading fees.
    Event 2: Users who deposit and trade MNT on the Spot market may qualify to share a pool of 113,340 MNT.
    Event 3: MNT staking offers returns of up to 500% APR, subject to platform terms.
    Event 4: A Futures Trading event allows participants to compete for a share of 300,000 USDT in bonus rewards.
    Event 5: The MNT Launchpool enables users to stake selected tokens in exchange for a portion of 240,000 MNT in rewards.

    As a pioneering Layer-2 scaling solution for Ethereum, Mantle uses Optimistic Rollup technology to lower transaction costs and improve network performance. This collaboration highlights MEXC’s leadership in backing innovative blockchain projects and its unwavering commitment to offering users diverse, cutting-edge trading opportunities, lowering costs and helping them maximize their potential returns.

    Looking ahead, MEXC is committed to continuously enhancing the trading experience by introducing innovative features, expanding user opportunities, and launching new initiatives aligned with the dynamic nature of the cryptocurrency market.

    For further details on the event, please see the official announcement.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
    MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

    Risk Disclaimer:
    The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.

    Source

    Contact:
    Lucia Hu
    PR Manager
    lucia.hu@mexc.com

    Disclaimer: This press release is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/75a055b0-3b18-4f14-b6f9-f7a099054d63

    The MIL Network –

  • MIL-OSI: Enlight Announces the Financial Close for Project Country Acres

    Source: GlobeNewswire (MIL-OSI)

    The debt financing package includes $773 million of construction loans

    Country Acres consists of 403 MW of solar generation and 688 MWh of energy storage capacity, and is expected to reach full COD during the second half of 2026

    TEL AVIV, Israel, March 31, 2025 (GLOBE NEWSWIRE) — Enlight Renewable Energy Ltd. (“Enlight”, “the Company”, NASDAQ: ENLT, TASE: ENLT.TA), a leading global renewable energy platform, announced today that the Company has received debt financing (the “Debt Financing”) for project Country Acres (“Country Acres” or “the Project”), located near Sacramento, California, USA.

    As part of the Debt Financing, Enlight, through its subsidiary Clenera Holdings LLC, has secured construction financing commitments with a consortium of four leading global banks including BNP Paribas Securities Corp, Crédit Agricole, Natixis Corporate & Investment Banking, and Norddeutsche Landesbank Girozentrale (Nord/LB), totaling $773 million.Upon the Project’s COD, the construction loan is expected to convert into a $376 million term loan.

    The Project has a 30-year solar generation busbar PPAand 20-year energy storage busbar purchase agreement with the Sacramento Municipal Utility District (“SMUD”).The Company expects to conclude a tax equity transaction during the construction period, noting that the Project has met the terms required to achieve safe harbor status for beginning of construction.

    Country Acres consists of 403 MW solar generation and 688 MWh of energy storage capacity, and is expected to reach full COD during the second half of 2026. Construction at the 966-acre site has already begun, and all procurement contracts have been signed. The Project is expected to provide clean electricity equivalent to the average annual consumption of approximately 80,000 California households.

    “We are grateful to once again be partnering with leading banks on one of our largest projects,” said Adam Pishl, President and CEO of Clenera. “The American-generated, reliable energy produced at Country Acres will fueling the homes and businesses in central California for decades to come.”

    After the completion of Apex in Montana and Atrisco in New Mexico, Country Acres is one of several major solar and energy storage projects that Enlight and Clenera are now constructing in the U.S. These include Quail Ranch (128 MW and 400 MWh) and Roadrunner (290 MW and 940 MWh). Along with additional projects planned to be built in the years to come, these projects are driving Enlight’s massive expansion into the U.S. renewable energy market. This is best illustrated by the growing run rate of Enlight’s U.S. revenue base, which is expected to reach $195-207 million annually after the completion of the projects now under construction.

    The Company’s next projects in the western Unites States are Snowflake (600 MW and 1,900 MWh) and CO Bar (1,211 MW and 824 MWh). The two mega projects have almost completed their development phase, and are scheduled to begin construction in the coming months. Each of the two projects employs a grid connection of 1.0 GW, one of the largest in the US. These grid connections generate potential additional development opportunities in the future through the Company’s “Connect and Expand” strategy, which seeks to leverage existing interconnect infrastructure with additional generation capacity.

    “Country Acres is the second financial closing that we have accomplished with the same group of lenders in the past three months, illustrating the extent of our partnership and cooperation,” said Ilan Goren, GM of Enlight USA. “We look forward to further deepening this relationship as Enlight and Clenera continue the build out of our large US project portfolio.”

    “After the successful closing of Roadrunner, BNP Paribas is proud to once again support Clenera and Enlight as Coordinating Lead Arranger on their new landmark project financing of Country Acres,” said Aashish Mohan, Co-Head of Energy, Resources & Infrastructure Americas, at BNP Paribas. “Supporting premier platforms like Clenera squarely fits our energy infrastructure ambitions, and we look forward to growing our partnership with Clenera as they continue to execute on their high-quality U.S. renewables pipeline.”

    Nasir Khan, Managing Director & Head of Real Assets and Global Trade Americas at Natixis Corporate & Investment Bankng said, “Natixis is thrilled to close our second transaction with Clenera on another robust renewable energy project financing, which aligns perfectly with our commitment to the energy transition. As Clenera continues to expand its pipeline of large-scale energy projects, we look forward to further strengthening our partnership and providing innovative capital solutions to meet its long-term financial needs.”

    “CACIB is proud to partner with Clenera and Enlight once again on a landmark project which will deliver reliable, clean power to SMUD, underscoring our collective objective to provide long term sustainable and affordable power,” said Julien Tizorin – Head of Power and New Energy at CACIB

    Sondra Martinez, Managing Director and Head of Originations Nord/LB’s said “Nord/LB is extremely excited to support Clenera and Enlight on the Country Acres financing. This deal demonstrates our commitment to supporting recurring clients as they advance the energy transition and provide affordable power to local communities.” 

    About Enlight Renewable Energy

    Founded in 2008, Enlight develops, finances, constructs, owns, and operates utility-scale renewable energy projects. Enlight operates across the three largest renewable segments today: solar, win energy storage. A global platform, Enlight operates in the United States, Israel and 10 European countries. Enlight has been traded on the Tel Aviv Stock Exchange since 2010 (TASE: ENLT) and completed its U.S. IPO (Nasdaq: ENLT) in 2023. Learn more at www.enlightenergy.co.il.

    Investor Contact

    Yonah Weisz
    Director IR
    investors@enlightenergy.co.il 

    Erica Mannion or Mike Funari
    Sapphire Investor Relations, LLC
    +1 617 542 6180
    investors@enlightenergy.co.il 

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding the Company’s expectations relating to the Project, the PPA and the related interconnection agreement and lease option, and the completion timeline for the Project, are forward-looking statements. The words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “target,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible,” “forecasts,” “aims” or the negative of these terms and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: our ability to site suitable land for, and otherwise source, renewable energy projects and to successfully develop and convert them into Operational Projects; availability of, and access to, interconnection facilities and transmission systems; our ability to obtain and maintain governmental and other regulatory approvals and permits, including environmental approvals and permits; construction delays, operational delays and supply chain disruptions leading to increased cost of materials required for the construction of our projects, as well as cost overruns and delays related to disputes with contractors; our suppliers’ ability and willingness to perform both existing and future obligations; competition from traditional and renewable energy companies in developing renewable energy projects; potential slowed demand for renewable energy projects and our ability to enter into new offtake contracts on acceptable terms and prices as current offtake contracts expire; offtakers’ ability to terminate contracts or seek other remedies resulting from failure of our projects to meet development, operational or performance benchmarks; various technical and operational challenges leading to unplanned outages, reduced output, interconnection or termination issues; the dependence of our production and revenue on suitable meteorological and environmental conditions, and our ability to accurately predict such conditions; our ability to enforce warranties provided by our counterparties in the event that our projects do not perform as expected; government curtailment, energy price caps and other government actions that restrict or reduce the profitability of renewable energy production; electricity price volatility, unusual weather conditions (including the effects of climate change, could adversely affect wind and solar conditions), catastrophic weather-related or other damage to facilities, unscheduled generation outages, maintenance or repairs, unanticipated changes to availability due to higher demand, shortages, transportation problems or other developments, environmental incidents, or electric transmission system constraints and the possibility that we may not have adequate insurance to cover losses as a result of such hazards; our dependence on certain operational projects for a substantial portion of our cash flows; our ability to continue to grow our portfolio of projects through successful acquisitions; changes and advances in technology that impair or eliminate the competitive advantage of our projects or upsets the expectations underlying investments in our technologies; our ability to effectively anticipate and manage cost inflation, interest rate risk, currency exchange fluctuations and other macroeconomic conditions that impact our business; our ability to retain and attract key personnel; our ability to manage legal and regulatory compliance and litigation risk across our global corporate structure; our ability to protect our business from, and manage the impact of, cyber-attacks, disruptions and security incidents, as well as acts of terrorism or war; changes to existing renewable energy industry policies and regulations that present technical, regulatory and economic barriers to renewable energy projects; the reduction, elimination or expiration of government incentives for, or regulations mandating the use of, renewable energy; our ability to effectively manage our supply chain and comply with applicable regulations with respect to international trade relations, tariffs, sanctions, export controls and anti-bribery and anti-corruption laws; our ability to effectively comply with Environmental Health and Safety and other laws and regulations and receive and maintain all necessary licenses, permits and authorizations; our performance of various obligations under the terms of our indebtedness (and the indebtedness of our subsidiaries that we guarantee) and our ability to continue to secure project financing on attractive terms for our projects; limitations on our management rights and operational flexibility due to our use of tax equity arrangements; potential claims and disagreements with partners, investors and other counterparties that could reduce our right to cash flows generated by our projects; our ability to comply with tax laws of various jurisdictions in which we currently operate as well as the tax laws in jurisdictions in which we intend to operate in the future; the unknown effect of the dual listing of our ordinary shares on the price of our ordinary shares; various risks related to our incorporation and location in Israel; the costs and requirements of being a public company, including the diversion of management’s attention with respect to such requirements; certain provisions in our Articles of Association and certain applicable regulations that may delay or prevent a change of control; and other risk factors set forth in the section titled “Risk factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2023, filed with the Securities and Exchange Commission (the “SEC”) and our other documents filed with or furnished to the SEC.

    These statements reflect management’s current expectations regarding future events and speak only as of the date of this press release. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as may be required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

    The MIL Network –

  • MIL-OSI: Maris-Tech Announces Full Year 2024 Financial Results and Reports Record 51% Revenue Growth for 2024 with Improved Profitability

    Source: GlobeNewswire (MIL-OSI)

    Revenues Increased by 51%, Gross Profit Increased by 82% and Net Loss Reduced by 54% for the Year Ended December 31, 2024

    Rehovot, Israel, March 31, 2025 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a global leader in video and artificial intelligence (“AI”)- based edge computing technology, today announced its financial results for the full year ended December 31, 2024. The Company reported record revenues of approximately $6.1 million, an increase of 51% compared to approximately $4 million for the year ended December 31, 2023. Gross profit for the year ended December 31, 2024, grew by 82%, reaching approximately $3.5 million compared to approximately $1.9 million for the year ended December 31, 2023.

    Mr. Israel Bar, Chief Executive Officer of Maris-Tech, said, “In 2024, we focused on new developments, strategic partnerships and expanding our presence in key markets. We strengthened our position in the defense sector, particularly in the miniature drone and unmanned aerial vehicles industry, and in armored vehicles and tanks. Among our key achievements, we launched the Uranus Drones – a miniature codec tailored for the drone industry – and introduced the Diamond System, which is already deployed in the battlefield, providing comprehensive protection for thousands of vehicles. We also increased our investment in marketing and business development in the United States, which has contributed to our accelerated growth.”

    Financial Highlights

    ●    Revenues: Revenues for the year ended December 31, 2024, were approximately $6.1 million, an increase of 51% compared to approximately $4 million for the year ended December 31, 2023.

    ●    Gross Profit: Gross profit for the year ended December 31, 2024, was approximately $3.5 million, an increase of 82% compared to approximately $1.9 million for the year ended December 31, 2023.

    ●    Net Loss: Net loss for the year ended December 31, 2024, was approximately $1.2 million, a decrease of 54% compared to approximately $2.7 million for the year ended December 31, 2023.

    ●    Net Loss per Ordinary Share: Net loss per ordinary share for the year ended December 31, 2024, was approximately $0.16, a decrease of 53% compared to approximately $0.34 for the year ended December 31, 2023.

    ●    Cash, Cash Equivalents and Short-Term Bank Deposits: Cash and cash equivalents and short-term bank deposits as of December 31, 2024, were approximately $2.3 million, compared to approximately $5.2 million as of December 31, 2023.

    ●    Trade Receivables Balance: Increased to approximately $3.5 million as of December 31, 2024, compared to approximately $3.0 million as of December 31, 2023.

    We expect that our existing cash and cash equivalents as of December 31, 2024, along with anticipated revenue from existing customers pursuant to existing orders and the availability of a $4 million line of credit, will be sufficient to fund our operations and meet our obligations for the next twelve months.

    Year Ended 2024 Highlights

    We strengthened our position in the defense and homeland security (“HLS”) markets, and accelerated revenue growth:

    ●    In January 2024, we secured a new purchase order for approximately $590,000 for an AI-based HLS and Defense Surveillance Application based on the Jupiter AI platform;

    ●    In February 2024, we received a purchase order for approximately $190,000 for a miniature low-power solution to enhance gun sight capabilities in tactical applications;

    ●    In February 2024, we received a repeat purchase order for approximately $600,000 with an option to increase the purchase order to approximately $730,000 to provide armored and autonomous vehicles with enhanced situational awareness;

    ●    In April 2024, we secured a new purchase order for $415,800 for a defense solution based on our Jupiter Nano platform;

    ●    In April 2024, we received a new purchase order for approximately $110,000 for a novel miniature intelligence-gathering product based on the Maris platform technology;

    ●    In June 2024, we received a new purchase order for $225,000 from Aero Sol military drone manufacturer for our Uranus-Drones solution;

    ●    In June 2024, we secured a repeat purchase order for approximately $957,000 for our situational awareness solution for Armored Vehicles;

    ●    In August 2024, we secured a $700,000 purchase order for innovative AI-Based Video Distribution Solution; and

    ●    In December 2024, we secured a $1 million purchase order from a U.S. repeat customer in the HLS industry for our advanced Jupiter-based video solution.

    Strategic Partnerships

    ●    In March 2024, we entered into a collaboration agreement with Renesas Electronics Corporation, one of the world’s largest semiconductor manufacturers, and we were accepted into the Renesas’ Preferred Partner Program; and

    ●    In June 2024, we entered into a collaboration agreement with LightPath Technologies, Inc. (Nasdaq: LPTH) (“LightPath”) for AI-Ready Infrared Cameras, providing AI accelerated hardware, software and algorithms for LightPath’s infrared cameras.

    New Products & Developments

    ●    In February 2024, we launched Emerald, a Jupiter-based multiple-channel high-definition and standard-definition raw video recording platform especially designed for defense armored vehicles;

    ●    In July 2024, we unveiled Diamond – a revolutionary defense 360° 3D Situational Awareness Solution for armored fighting vehicles;

    ●    In September 2024, we announced that our Amethyst Edge Computing video solution now supports 5G, enabling ultra-speed and high data transfer;

    ●    In September 2024, we enhanced our Diamond platform ability to combat airborne threats with Diamond Ultra; and

    ●    In December 2024, we completed the development of Uranus-Drones technology, which is now available for large-scale delivery.

    Expanded Global Awareness

    Maris-Tech strengthened our presence in the U.S. with the engagement of new sales representatives and increased participation in international defense and technology exhibitions, showcasing the Company’s cutting-edge solutions to a global audience.

    Backlog and Outlook

    Our backlog as of January 1, 2025, was approximately $9.8 million, which represents an increase from our backlog as of January 1, 2024, of approximately $9.76 million. Our backlog, as of March 28, 2025, was approximately $9.9 million.

    We define backlog as the accumulation of all pending orders with a later fulfillment date for which revenue has not been recognized, and we consider valid. The backlog consists of executed purchase orders from new customers and existing customers with which we have had long standing relationships and from governmental agencies.

    Mr. Bar concluded, “We remain committed to driving long-term growth by focusing on strategic innovation, expanding our market presence, and strengthening our relationships with global defense and homeland security customers. We believe that our pipeline of opportunities and strong order backlog position us well for continued growth in 2025 and beyond.”

    About Maris-Tech Ltd.

    Maris-Tech is a global leader in video and AI-based edge computing technology, pioneering intelligent video transmission solutions that conquer complex encoding-decoding challenges. Our miniature, lightweight, and low-power products deliver high-performance capabilities, including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics. Founded by Israeli technology sector veterans, Maris-Tech serves leading manufacturers worldwide in defense, aerospace, Intelligence gathering, homeland security (HLS), and communication industries. We’re pushing the boundaries of video transmission and edge computing, driving innovation in mission-critical applications across commercial and defense sectors.

    For more information, visit https://www.maris-tech.com/

    Forward-Looking Statement Disclaimer

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect”,” “may”, “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, the Company is using forward-looking statements when it is discussing: its growth in 2025 and beyond; expanding its market presence; strengthening its relationships with global defense and homeland security customers; future pipeline and opportunities; its backlog and the anticipated fulfillment of that backlog; the demand for its defense and AI-powered solutions; expanding its  presence in key markets; and its position in the defense sector, particularly in the miniature drone and unmanned aerial vehicles industry, and in armored vehicles and tanks. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause the Company’s actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the Company’s ability to successfully market its products and services, including in the United States; the acceptance of its products and services by customers; its continued ability to pay operating costs and ability to meet demand for its products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; its ability to successfully develop new products and services; its success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; its ability to comply with applicable regulations; and the other risks and uncertainties described in the Company’s Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other filings with the SEC. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations:

    Nir Bussy, CFO
    Tel: +972-72-2424022
    Nir@maris-tech.com

    The MIL Network –

  • MIL-OSI: Westport Reports Fourth Quarter and Full Year 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, March 31, 2025 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport”) (TSX: WPRT / Nasdaq: WPRT) today reported financial results for the fourth quarter and year ended December 31, 2024, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

    “The past year has been transformative for Westport as we sharpened our strategic focus, advanced our clean transportation technologies, and enhanced operational efficiencies. We have made significant strides in aligning our operations with our competitive strengths, improving margins, and reinforcing our commitment to delivering cost-effective solutions that drive decarbonization in the transportation sector. We have also transformed our culture to be one built on discipline and excellence, driving a high-performance mindset in everything we do.

    The launch of Cespira, our joint venture with Volvo Group, was a key milestone for us in 2024. Cespira is committed to accelerating the commercialization of HPDI™ technology with carbon-neutral fuels like hydrogen and renewable natural gas. This partnership underscores the industry’s recognition of HPDI as a leading solution to enable affordable, sustainable heavy transport.

    Additionally, we are taking bold steps to streamline our operations and strengthen our financial footing, allowing us to focus on areas with the highest growth potential. A prime example of this strategic realignment is our recently announced proposed divestiture of the Light-Duty business. This decision is expected to enable us to concentrate fully on providing affordable solutions for hard to decarbonize mobility applications like long haul and heavy-duty trucking that can take advantage of the unique, practical and affordable HPDI technology and our world class high-pressure components and systems technologies and scalable alternative fuel solutions, ensuring that we remain at the forefront of emissions-reducing innovations that are cost effective.

    Looking ahead, we are focused on scaling our alternative fuel-based solutions, including advancements in CNG, RNG, and hydrogen systems, while navigating a rapidly evolving transportation landscape. Hydrogen remains a critical component of the future but, in the meantime, we are delivering practical, commercially viable low-carbon solutions today such as natural gas and renewable natural gas solutions which, in some cases, can represent a lower total cost of ownership than incumbent technologies. Driven by these environmental and economic considerations we are seeing a global resurgence of interest in the heavy-duty transport sector towards utilizing natural gas as an alternative to diesel. While we will continue to invest in technology, we are positioned to take advantage of markets that are embracing products enabled by our years of investment in innovation as the world pivots to more practical and cost-effective solutions to decarbonize.  

    We are committed to providing sustainable, high-performance solutions that help our customers achieve their commercial and environmental goals, now and for years to come.”

    Dan Sceli, Chief Executive Officer

    2024 Highlights

    • Revenue was $302.3 million for 2024 and $75.1 million for the fourth quarter. Full year results were primarily driven by the transition of the Heavy-Duty OEM business into Cespira, partially offset by an increase in revenue in our Light-Duty segment. Cespira earned $22.8 million for the three months ended December 31, 2024 and $43.1 million for the period from June 3, 2024 through to December 31, 2024.
    • Net loss for the year ended December 31, 2024 was $21.8 million, or $1.27 loss per share, compared to net loss of $49.7 million for the prior year. Net loss for the fourth quarter in 2024 was $10.1 million, or $0.59 loss per share, compared to net loss of $13.9 million, or $0.81 loss per share, for the same period in 2023. For the year, the net positive change was primarily a result of improvements in gross margin, a $15.2 million gain on deconsolidation of the HPDI business in the formation of the joint venture with Volvo Group on June 3, 2024, reductions in operating expenditures and depreciation and amortization expense due to continuation of the HPDI business in Cespira, partially offset by higher income tax expense and foreign exchange losses in the year.
    • Adjusted EBITDA1 loss of $11.2 million, compared to a loss of $21.5 million in the prior year. Adjusted EBITDA for the fourth quarter was a loss of $1.8 million.
    • Cash and cash equivalents were $37.6 million for the year ended December 31, 2024. Cash provided by operating activities during the year was $7.2 million.
    • Announced the closing the HPDI joint venture, Cespira, with Volvo Group, working together to accelerate the commercialization and global adoption of the HPDI™ fuel system technology for long-haul and off-road applications.

    1 Adjusted earnings before interest, taxes and depreciation is a non-GAAP measure. Please refer to GAAP and NON-GAAP FINANCIAL MEASURES in Westport’s Management Discussion and Analysis for the reconciliation.

    Consolidated Results            
    ($ in millions, except per share amounts)     Over / (Under)
    %    		     Over / (Under)
    %
      4Q24 4Q23 FY24 FY23
    Revenue $75.1 $87.2 (14)% $302.3 $331.8   (9)%  
    Gross Profit(2) 14.3 8.0 79% 57.6 48.9   18%  
    Gross Margin(2) 19% 9% — 19% 15%   —  
    Income (loss) from Investments Accounted for by the Equity Method(1) (2.0) 0.1 (2,100)% (5.4) 0.8   (775)%  
    Net Loss (10.1) (13.9) 27% (21.8) (49.7)   56%  
    Net Loss per Share – Basic (0.59) (0.81) 27% (1.27) (2.90)   56%  
    Net Loss per Share – Diluted (0.59) (0.81) 27% (1.27) (2.90)   56%  
    EBITDA (2) (6.1) (10.9) 44% (6.6) (35.9)   82%  
    Adjusted EBITDA (2) (1.8) (10.0) 82% (11.2) (21.5)   48%  

    (1)This includes income or loss primarily from our investments in Cespira and Minda Westport Technologies Limited
    (2)Gross margins, EBITDA and Adjusted EBITDA are non-GAAP measures. Please refer to GAAP and NON-GAAP FINANCIAL MEASURES for the reconciliation to equivalent GAAP measures and limitations on the use of such measures.

    Segment Information

    Light-Duty Segment

    Revenue for the three months and year ended December 31, 2024 was $68.0 million and $262.2 million, respectively, compared with $63.4 million and $263.6 million for the three months and year ended December 31, 2023.

    Light-Duty revenue increased by $4.6 million for the three months ended December 31, 2024 as compared to the prior year. This was primarily driven by a significant increase in sales of LPG fuel system solutions to a global Original Equipment Manufacturer (“OEM”) for their Euro 6 vehicle applications in our light-duty OEM business and an increase in delayed OEM business, partially offset by lower revenues in other business lines.

    Light-Duty revenue decreased by $1.4 million for the year ended December 31, 2024 compared to the prior year. This was primarily driven by a decrease in sales in our delayed OEM business in the first half of 2024, decrease in sales to customers in developing markets, and our fuel storage business. This was partially offset by the aforementioned increase in sales of LPG fuel system solutions in our light-duty OEM business.

    Gross profit increased by $2.0 million to $14.0 million, or 21% of revenue for the three months ended December 31, 2024, as compared to $12.0 million, or 19% of revenue, for the same prior year period. This was primarily driven by a change in sales mix with an increase in sales to European customers and a reduction in sales to developing regions along with an increase in sales volumes.

    Gross profit for the year ended December 31, 2024 increased by $6.3 million to $55.4 million, or 21% of revenue, compared to $49.1 million, or 19% of revenue, for the prior year. This was primarily driven by a change in sales mix with an increase in sales to European customers and a reduction in sales to developing regions. The segment’s manufacturing operations continues to implement operational improvement initiatives lowering its manufacturing overhead costs in the year. For the year ended December 31, 2024, Light-Duty recorded inventory write-downs of $2.1 million related to our restructuring activities in India for $0.9 million and $0.5 million related to components for markets that we have exited, and the remainder due to our periodic analysis of excess and obsolete inventory.

    Westport began supplying its Euro 6 LPG fuel system to its global OEM customer in early 2024. This production supply agreement has been instrumental in improving revenue and delivering higher margins, which more than offset the decline in revenue as a result of a key delayed OEM customer continuing to work through their inventory. Production for the Euro 7 LPG fuel system for the same global OEM customer is anticipated to begin mid-to-late 2025.

    High-Pressure Controls & Systems Segment

    Revenue for the three months and year ended December 31, 2024 was $1.4 million and $8.8 million, respectively, compared with $2.5 million and $12.0 million for the three months and year ended December 31, 2023. Revenue for the three months ended December 31, 2024 decreased by $1.1 million compared to the prior year period. Revenue for the year ended December 31, 2024 decreased $3.2 million compared to the prior year.

    The decrease in revenue for the three months and year ended December 31, 2024 compared to the prior year periods continues to be primarily driven by the general slowdown in hydrogen infrastructure development, leading to a slower adoption of automotive and industrial applications powered by hydrogen.

    Gross profit for the three months ended December 31, 2024 decreased by $0.4 million to nominal, or 0% of revenue, compared to $0.4 million, or 16% of revenue, for the same prior year period. This was primarily driven by lower sales volumes, increasing the per unit manufacturing costs in the quarter.

    Gross profit for the year ended December 31, 2024 decreased by $1.3 million to $1.5 million, or 17% of revenue, compared to $2.8 million, or 23% of revenue, for the prior year. This was primarily driven by decrease in sales volume for the year. The segment recorded $0.8 million in inventory write-downs in the year due to slow-moving inventory.

    Heavy-Duty OEM Segment

    Revenue for the three months and year ended December 31, 2024 includes revenue until the closing of the transaction to form Cespira, which occurred on June 3, 2024. Revenue for the three months and year ended December 31, 2024 was $5.7 million and $31.3 million, respectively, compared with $21.3 million and $56.2 million for the three months and year ended December 31, 2023.

    The decrease in revenue for the three months and year ended December 31, 2024 is a result of the continuation of the business in Cespira. Refer to the “Selected Cespira Financial Information” for more information on the performance of the business. Revenue earned in the three months ended December 31, 2024 reflects revenue earned from a transitional services agreement in place with Cespira that we expect to expire by the end of Q2 2026.

    Gross profit for the three months ended December 31, 2024 increased by $4.7 million to $0.3 million, or 5% of revenue, compared to negative $4.4 million or negative 21% of revenue, for the three months ended December 31, 2023. The Heavy-Duty OEM segment was impacted by a $4.5 million inventory write-down in the prior year period.

    Gross profit increased by $3.7 million to $0.7 million, or 2% of revenue, for the year ended December 31, 2024 compared to negative $3.0 million, or negative 5% of revenue, for the prior year. Heavy-Duty OEM recorded $0.4 million in inventory write-downs in the year. The segment was impacted by the aforementioned inventory write-down of $4.5 million in the prior year.

    Selected Cespira Financial Information

    We account for Cespira using the equity method of accounting. However, due to its significance to our long-term strategy and operating results, we disclose certain financial information from Cespira in notes 8 and 22 in our consolidated financial statements for the year ended December 31, 2024 and the period from June 3, 2024 to December 31, 2024.

    The following table sets forth a summary of the financial results of Cespira for the three months ended December 31, 2024 and the period between June 3, 2024 to December 31, 2024:

      (in millions of U.S. dollars)   Three months ended December 31,   Change   Year ended December 31,   Change
        2024   2023   $   %   2024   2023   $   %
    Revenue   $ 22.8     $ —     $ 22.8     — %   $ 43.1     $ —     $ 43.1     — %
    Gross profit     1.4       —       1.4     — %     0.5       —       0.5     — %
    Gross margin1     6 %     — %             1 %     — %        
    Operating loss     (4.8 )     —       (4.8 )   — %     (12.1 )     —       (12.1 )   — %
    Net loss attributable to the Company     (2.6 )     —       (2.6 )   — %     (6.7 )     —       (6.7 )   — %

    1Gross margin is non-GAAP financial measure. See the section ‘Non-GAAP Financial Measures’ for explanations and discussions of these non-GAAP financial measures or ratios.

    Cespira revenue was $22.8 million for the three months ended December 31, 2024. For the prior year period, the Heavy-Duty OEM segment, which included our HPDI business, earned $21.3 million. This was primarily driven by an increase in HPDI fuel systems sold in the period.

    Cespira gross profit was $1.4 million for the three months ended December 31, 2024. For the prior year period, the Heavy-Duty OEM segment had negative $4.4 million in gross profit primarily driven by the aforementioned $4.5 million inventory write-down in the prior year period.

    Cespira incurred operating losses of $4.8 million for the three months ended December 31, 2024. For the prior year quarter, the Heavy-Duty OEM had operating losses of $9.3 million. Aside from the aforementioned inventory write-down in the prior year period, the Heavy-Duty OEM had comparable operating losses compared to Cespira.

    As previously announced, Westport and Weichai are parties to a technology development and supply agreement which contains an obligation for Weichai to order, and Westport to supply, certain volumes of HPDI fuel system components prior to December 31, 2024. Significant orders for HPDI fuel system components against this agreement were not received prior to year-end. Westport and Cespira continue to collaborate with Weichai Power Co. Ltd (“Weichai Power”) on an HPDI fuel system equipped version of the Weichai Power engine platforms. The parties are currently discussing the next stages of this work and the obligations of each party going forward.

    Liquidity and Going Concern

    In addition, as disclosed in Westport Management Discussion & Analysis, for the year ended December 31, 2024, we continue to sustain operating losses and use cash to support our business activities. Cash provided by operating activities was $7.2 million for the year ended December 31, 2024 was primarily driven by reductions in working capital.

    As at December 31, 2024, we had cash and cash equivalents of $37.6 million and long-term debt of $33.7 million, of which $14.7 million was current. Based on our projected capital expenditures, debt servicing obligations and operating requirements under our current business plan, we are projecting that our cash and cash equivalents will not be sufficient to fund our operations through the next twelve months from the date of the issuance of this MD&A. These conditions raise substantial doubt about Westport’s ability continue as a going concern within one year after the date our December 31, 2024 Consolidated Financial Statements are issued.

    We plan to improve our liquidity position by selling certain subsidiaries in Europe and Argentina which comprise substantially all the assets and liabilities reported within the Light-Duty segment and continue our cost reduction initiatives. On March 30, 2025, we entered into a share purchase agreement (“SPA”) with a wholly-owned investment vehicle of Heliaca Investments Coöperatief U.A. (“Heliaca Investments”), a Netherlands based investment firm supported by Ramphastos Investment Management B.V. a prominent Dutch venture capital and private equity firm, to sell all of the issued and outstanding shares of Westport Fuel Systems Italia S.r.l for a base purchase price of $73.1 million (€67.7 million), subject to certain adjustments and potential earnouts of up to an estimated $6.5 million (€6.0 million) if certain conditions are achieved, in accordance with the terms of the Share Purchase Agreement. If we are successful in closing the sale, we will receive sufficient cash to fund our operations for the next twelve months and alleviate the risk of substantial doubt identified. As of the date of issuance of our December 31, 2024 financial statements, we are seeking shareholder approval of the plan to complete the sale of these businesses to the buyer. As such, there can be no assurances that Westport will be successful in obtaining sufficient funding. Accordingly, we concluded under the accounting standards that these plans do not alleviate the substantial doubt about Westport’s ability to continue as a going concern.

    Divestment of the Light-Duty Business and 2025 Outlook

    Westport recently announced the proposed divestment of its Light-Duty business, which includes the light-duty OEM, delayed OEM, and independent aftermarket businesses (the “Transaction”). The Transaction is designed to focus the Company’s strategy and streamline its operations allowing Westport to direct its energy on solution to address hard to decarbonize sectors like long-haul, heavy-duty trucking and off-road applications that can take advantage of Cespira and our High-Pressure Controls & Systems technology – where Westport sees the largest opportunities to grow and where the Company has a unique and differentiated offering generating interest with customers as the world transitions to a more practical and easier to adopt approach to decarbonization.

    Highlights of the Transaction include:

    • Provides immediate up front proceeds to alleviate liquidity concerns, strengthening the balance sheet and funds near-term growth in Cespira and the High-Pressure Controls & Systems business;
    • Brings forward more cash today than the Light-Duty business was projected to earn over 5-years on an undiscounted cash basis; and
    • Enables management to focus exclusively on the higher growth HPDI and high-pressure segments.

    In light of the evolving market and regulatory environment, over the long term, the Light-Duty business’ ability to grow LPG / CNG sales in developed markets is expected to continue facing increased competition from pure electrification or petrol – electrification hybrids.

    The base purchase price of the Transaction is $73.1 million (€67.7 million), subject to certain adjustments and potential earnouts of up to an additional $6.5 million (€6.0 million) if certain conditions are achieved, in accordance with the terms of the Share Purchase Agreement. The purchaser is a wholly-owned investment vehicle of Heliaca Investments Coöperatief U.A. (“Heliaca Investments”), a Netherlands based investment firm supported by Ramphastos Investment Management B.V. a prominent Dutch venture capital and private equity firm.

    Net proceeds from the transaction are to be used to bolster the balance sheet, fund organic growth opportunities through Cespira and High-Pressure Controls & Systems over the near term as well as opportunistic bolt on acquisitions. The Transaction ultimately eliminates future restructuring costs required by the Italian operations in the light-duty business.

    Westport is shifting to a smaller, more focused organization, that is positioned to provide solutions to decarbonize challenging segments of the mobility and industrial markets.​ Westport has 30 years of experience delivering component solutions and developing HPDI fuel technology​. We are focused on scaling our alternative fuel-based solutions, including advancements in CNG, RNG, and hydrogen systems, while navigating a rapidly evolving transportation landscape.

    The Company anticipates that the closing of the transaction will occur late in Q2 2025, subject to receiving shareholder approval.

    Conference call

    Westport has scheduled a conference call for Monday, March 31, 2025, at 10:30 am Pacific Time (1:30 pm Eastern Time) to discuss these results. To access the conference call please register at https://register.vevent.com/register/BI1ba7402b85a5491292e48354a2e80b90. 

    The live webcast of the conference call can be accessed through the Westport website at https://investors.wfsinc.com/. 

    Participants may register up to 60 minutes before the event by clicking on the call link and completing the online registration form. Upon registration, the user will receive dial-in info and a unique PIN, along with an email confirming the details.

    The webcast will be archived on Westport’s website at https://investors.wfsinc.com. 

    Financial Statements and Management’s Discussion and Analysis

    To view Westport full financials for the fourth quarter and year ended December 31, 2024, please visit https://investors.wfsinc.com/financials/. 

    About Westport Fuel Systems

    At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow. We are a leading supplier of advanced fuel delivery components and systems for clean, low-carbon fuels such as natural gas, renewable natural gas, propane, and hydrogen to the global transportation industry. Our technology delivers the performance and fuel efficiency required by transportation applications and the environmental benefits that address climate change and urban air quality challenges. Headquartered in Vancouver, Canada, with operations in Europe, Asia, North America, and South America, we serve our customers in approximately 70 countries with leading global transportation brands. At Westport Fuel Systems, we think ahead. For more information, visit www.wfsinc.com.

    Cautionary Note Regarding Forward Looking Statements
    This press release contains forward-looking statements, including statements regarding future strategic initiatives and future growth, future of our development programs (including those relating to HPDI and Hydrogen) including testing to the HPDI fuel system, scaling our alternative fuel-based solutions, our expectations for 2025 and beyond, including the demand for our products, the future success of our business and technology strategies, shareholder approval of the Transaction, our ability to successfully close the Transaction and realize the benefits therefrom, including, potential earn-out payments, the Transaction alleviating liquidity concerns, our focus on providing affordable solutions to decarbonize long haul and heavy-duty trucking, our ability to bolster our balance sheet, fund organic growth as well as opportunistic bolt on acquisitions, a shift to operating as a smaller, more efficient organization. These statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties and are based on both the views of management and assumptions that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activities, performance or achievements expressed in or implied by these forward-looking statements. These risks, uncertainties and assumptions include those related to our revenue growth, operating results, industry and products, changes in business strategy, shifts in market demand, the general economy including impacts due to inflation, the effects of competition and pricing pressures, conditions of and access to the capital and debt markets, solvency, governmental policies, trade restrictions or other changes to international trade agreements, sanctions and regulation including the imposition of tariffs, technology innovations, fluctuations in foreign exchange rates, operating expenses, continued reduction in expenses, ability to successfully commercialize new products, the performance of our joint ventures, the availability and price of natural gas, new environmental regulations, the acceptance of and shift to natural gas and hydrogen vehicles, the relaxation or waiver of fuel emission standards, the inability of fleets to access capital or government funding to purchase natural gas vehicles, the development of competing technologies, our ability to adequately develop and deploy our technology, the actions and determinations of our joint venture and development partners, the effects and duration of the Russia-Ukraine conflict, supply chain disruptions as well as other risk factors and assumptions that may affect our actual results, performance or achievements or financial position discussed in our most recent Annual Information Form and other filings with securities regulators. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they were made. We disclaim any obligation to publicly update or revise such statements to reflect any change in our expectations or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in these forward-looking statements except as required by National Instrument 51-102. The contents of any website, RSS feed or twitter account referenced in this press release are not incorporated by reference herein.

    Inquiries:
    Investor Relations
    T: +1 604-718-2046
    invest@wfsinc.com

    GAAP and Non-GAAP Financial Measures

    Our financial statements are prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP“). These U.S. GAAP financial statements include non-cash charges and other charges and benefits that may be unusual or infrequent in nature or that we believe may make comparisons to our prior or future performance difficult. In addition to conventional measures prepared in accordance with U.S. GAAP, Westport and certain investors use EBITDA and Adjusted EBITDA as an indicator of our ability to generate liquidity by producing operating cash flow to fund working capital needs, service debt obligations and fund capital expenditures. Management also uses these non-GAAP measures in its review and evaluation of the financial performance of Westport. EBITDA is also frequently used by investors and analysts for valuation purposes whereby EBITDA is multiplied by a factor or “EBITDA multiple” that is based on an observed or inferred relationship between EBITDA and market values to determine the approximate total enterprise value of a company. We believe that these non-GAAP financial measures also provide additional insight to investors and securities analysts as supplemental information to our U.S. GAAP results and as a basis to compare our financial performance period-over-period and to compare our financial performance with that of other companies. We believe that these non-GAAP financial measures facilitate comparisons of our core operating results from period to period and to other companies by, in the case of EBITDA, removing the effects of our capital structure (net interest income on cash deposits, interest expense on outstanding debt and debt facilities), asset base (depreciation and amortization) and tax consequences. Adjusted EBITDA provides this same indicator of Westports’ EBITDA from continuing operations and removing such effects of our capital structure, asset base and tax consequences, but additionally excludes any unrealized foreign exchange gains or losses, stock-based compensation charges and other one-time impairments and costs which are not expected to be repeated in order to provide greater insight into the cash flow being produced from our operating business, without the influence of extraneous events.

    Segment Information

    EBITDA and Adjusted EBITDA are intended to provide additional information to investors and analysts and do not have any standardized definition under U.S. GAAP, and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with U.S. GAAP. EBITDA and Adjusted EBITDA exclude the impact of cash costs of financing activities and taxes, and the effects of changes in operating working capital balances, and therefore are not necessarily indicative of operating profit or cash flow from operations as determined under U.S. GAAP. Other companies may calculate EBITDA and Adjusted EBITDA differently.

    Segment earnings or losses before income taxes, interest, depreciation, and amortization (“Segment EBITDA”) is the measure of segment profitability used by the Company. The accounting policies of our reportable segments are the same as those applied in our consolidated financial statements. Management prepared the financial results of the Company’s reportable segments on basis that is consistent with the manner in which Management internally disaggregates financial information to assist in making internal operating decisions. Certain common costs and expenses, primarily corporate functions, among segments differently than we would for stand-alone financial information prepared in accordance with GAAP. These include certain costs and expenses of shared services, such as IT, human resources, legal, finance and supply chain management. Segment EBITDA is not defined under US GAAP and may not be comparable to similarly titled measures used by other companies and should not be considered a substitute for net earnings or other results reported in accordance with GAAP. Reconciliations of reportable segment information to consolidated statement of operations can be found in section “NON-GAAP FINANCIAL MEASURES & RECONCILIATIONS” within this press release.

      Year ended December 31, 2024
      Light-Duty   High-Pressure Controls & Systems   Heavy-Duty OEM   Cespira   Total Segment
    Revenue $ 262.2   $ 8.8     $ 31.3     $ 43.1     $ 345.4  
    Cost of revenue   206.8     7.3       30.6       42.6       287.3  
    Gross profit   55.4     1.5       0.7       0.5       58.1  
    Operating expenses:
    Research & development   13.0     4.4       4.2       4.7       26.3  
    General & administrative   19.2     1.0       3.1       5.6       28.9  
    Sales & marketing   9.9     0.7       0.9       1.0       12.5  
    Depreciation & amortization   2.6     0.3       0.1       1.7       4.7  
    Equity income   1.3     —       —       —       1.3  
    Add back: Depreciation & amortization1   6.4     0.5       1.4       3.8       12.1  
    Segment EBITDA $ 18.4   $ (4.4 )   $ (6.2 )   $ (8.7 )   $ (0.9 )
      Year ended December 31, 2023
      Light-Duty   High-Pressure Controls & Systems   Heavy-Duty OEM   Total Segment
    Revenue $ 263.6   $ 12.0     $ 56.2     $ 331.8  
    Cost of revenue   214.5     9.2       59.2       282.9  
    Gross profit   49.1     2.8       (3.0 )     48.9  
    Operating expenses:
    Research & development   13.1     3.6       9.3       26.0  
    General & administrative   21.6     1.3       6.4       29.4  
    Sales & marketing   10.6     0.7       2.9       14.1  
    Depreciation & amortization   3.2     0.2       0.4       3.8  
    Equity income   0.8     —       —       0.8  
    Add back: Depreciation & amortization1   6.7     0.4       4.9       11.9  
    Segment EBITDA $ 8.1   $ (2.6 )   $ (17.1 )   $ (11.6 )


    NON-GAAP FINANCIAL MEASURES RECONCILIATION

    Gross Profit   Years ended December 31,
    (expressed in millions of U.S. dollars)   2024   2023
    Revenue   $ 302.3   $ 331.8
    Less: Cost of revenue   $ 244.7   $ 282.9
    Gross Profit   $ 57.6   $ 48.9
    Gross Margin as a percentage of Revenue   Years ended December 31,
    (expressed in millions of U.S. dollars)     2024       2023  
    Revenue   $ 302.3     $ 331.8  
    Gross Margin   $ 57.6     $ 48.9  
    Gross Margin as a percentage of Revenue     19 %     15 %
      Year ended December 31, 2024
      Total Segment   Less: Cespira   Add: Corporate & unallocated   Total Consolidated
    Revenue $ 345.4   $ 43.1   $ —     $ 302.3  
    Cost of revenue   287.3     42.6     —       244.7  
    Gross profit   58.1     0.5     —       57.6  
    Operating expenses:
    Research & development   26.3     4.7     —       21.6  
    General & administrative   28.9     5.6     14.4       37.7  
    Sales & marketing   12.5     1.0     1.2       12.7  
    Depreciation & amortization   4.7     1.7     0.4       3.4  
    Equity income (loss)   1.3     —     (6.7 )     (5.4 )
      Year ended December 31, 2023
      Total Segment   Add: Corporate & unallocated   Total Consolidated
    Revenue $ 331.8   $ —   $ 331.8
    Cost of revenue   282.9     —     282.9
    Gross profit   48.9     —     48.9
    Operating expenses:
    Research & development   26.0     —     26.0
    General & administrative   29.4     14.8     44.2
    Sales & marketing   14.1     2.2     16.3
    Depreciation & amortization   3.8     0.5     4.3
    Equity income   0.8     —     0.8
    Reconciliation of Segment EBITDA to Loss before income taxes   Years ended December 31,
        2024       2023  
    Total Segment EBITDA   $ (0.9 )   $ (11.6 )
    Adjustments:
    Depreciation and amortization     8.7       12.5  
    Cespira’s Segment EBITDA     (8.7 )     —  
    Cespira’s equity loss     6.7       —  
    Corporate and unallocated operating expenses     15.6       17.0  
    Foreign exchange loss     6.2       4.0  
    Loss on sale of assets     0.7       —  
    Gain on deconsolidation     (15.2 )     —  
    Loss on sale of investment     0.4       —  
    Impairment of long-term investment     —       0.4  
    Loss on extinguishment of royalty payable     —       2.9  
    Interest on long-term debt and accretion of royalty payable     2.8       3.0  
    Interest and other income, net of bank charges     (1.2 )     (2.7 )
    Loss before income taxes   $ (16.9 )   $ (48.7 )
    EBITDA and Adjusted EBITDA                
    Three months ended   31-Mar-23   30-Jun-23   30-Sep-23   31-Dec-23   31-Mar-24   30-Jun-24   30-Sep-24   31-Dec-24
    Income (loss) before income taxes   $         (9.7 )   $         (13.0 )   $         (12.0 )   $         (14.0 )   $         (12.9 )   $         6.8             $         (2.5 )   $         (8.3 )
    Interest expense, net             0.4                       (0.1 )             0.2                       (0.2 )             0.5                       0.5                       0.4                       0.2          
    Depreciation and amortization             3.0                       3.0                       3.2                       3.3                       3.2                       1.7                       1.8                       2.0          
    EBITDA   $         (6.3 )   $         (10.1 )   $         (8.6 )   $         (10.9 )   $         (9.2 )   $         9.0             $         (0.3 )   $         (6.1 )
    Stock based compensation (recovery)   $         0.7             $         0.8             $         (0.3 )   $         1.4             $         0.3             $         1.2             $         (0.1 )   $         —          
    Unrealized foreign exchange (gain) loss   $         1.1             $         2.4             $         1.4             $         (0.9 )   $         1.8             $         0.1             $         (1.1 )   $         5.4          
    Loss on extinguishment of royalty payable   $         —             $         2.9             $         —             $         —             $         —             $         —             $         —             $         —          
    Severance costs   $         —             $         —             $         4.5             $         —             $         0.5             $         0.2             $         0.1             $         0.1          
    Gain on deconsolidation   $         —             $         —             $         —             $         —             $         —             $         (13.3 )   $         —             $         (1.9 )
    Loss on sale of investment   $         —             $         —             $         —             $         —             $         —             $         —             $         0.4             $         —          
    Restructuring costs   $         —             $         —             $         —             $         —             $         —             $         0.8             $         0.2             $         —          
    Loss on sale of assets   $         —             $         —             $         —             $         —             $         —             $         —             $         —             $         0.7          
    Impairment of long-term investment   $         —             $         —             $         —             $         0.4             $         —             $         —             $         —             $         —          
    Adjusted EBITDA   $         (4.5 )   $         (4.0 )   $         (3.0 )   $         (10.0 )   $         (6.6 )   $         (2.0 )   $         (0.8 )   $         (1.8 )
    WESTPORT FUEL SYSTEMS INC.
    Consolidated Balance Sheets
    (Expressed in thousands of United States dollars, except share amounts)
    December 31, 2024 and 2023
        December 31,
          2024       2023  
    Assets        
    Current assets:        
    Cash and cash equivalents (including restricted cash)   $ 37,646     $ 54,853  
    Accounts receivable     73,054       88,077  
    Inventories     53,526       67,530  
    Prepaid expenses     5,660       6,323  
    Total current assets     169,886       216,783  
    Long-term investments     39,732       4,792  
    Property, plant and equipment     41,956       69,489  
    Operating lease right-of-use assets     19,019       22,877  
    Intangible assets     5,277       6,822  
    Deferred income tax assets     9,695       11,554  
    Goodwill     2,876       3,066  
    Other long-term assets     3,180       20,365  
    Total assets   $ 291,621     $ 355,748  
    Liabilities and Shareholders’ Equity        
    Current liabilities:        
    Accounts payable and accrued liabilities   $ 88,123     $ 95,374  
    Current portion of operating lease liabilities     2,624       3,307  
    Short-term debt     —       15,156  
    Current portion of long-term debt     14,660       14,108  
    Current portion of warranty liability     3,861       6,892  
    Total current liabilities     109,268       134,837  
    Long-term operating lease liabilities     16,433       19,300  
    Long-term debt     19,067       30,957  
    Warranty liability     1,456       1,614  
    Deferred income tax liabilities     4,029       3,477  
    Other long-term liabilities     4,343       5,115  
    Total liabilities     154,596       195,300  
    Shareholders’ equity:        
    Share capital:        
    Unlimited common and preferred shares, no par value        
    17,282,934 (2023 – 17,174,502) common shares issued and outstanding     1,245,805       1,244,539  
    Other equity instruments     9,472       9,672  
    Additional paid-in-capital     11,516       11,516  
    Accumulated deficit     (1,096,275 )     (1,074,434 )
    Accumulated other comprehensive loss     (33,493 )     (30,845 )
    Total shareholders’ equity     137,025       160,448  
    Total liabilities and shareholders’ equity   $ 291,621     $ 355,748  
    WESTPORT FUEL SYSTEMS INC.  
    Consolidated Statements of Operations and Comprehensive Income (Loss)  
    (Expressed in thousands of United States dollars, except share and per share amounts)  
    Years ended December 31, 2024 and 2023  
        Years ended December 31,
          2024       2023  
    Revenue   $ 302,299     $ 331,799  
    Cost of revenue     244,708       282,862  
    Gross profit     57,591       48,937  
    Operating expenses:        
    Research and development     21,587       26,003  
    General and administrative     37,679       44,234  
    Sales and marketing     12,676       16,278  
    Foreign exchange loss     6,248       3,974  
    Depreciation and amortization     3,367       4,299  
    Loss on sale of assets     703       32  
          82,260       94,820  
    Loss from operations     (24,669 )     (45,883 )
             
    Income from investments accounted for by the equity method     (5,402 )     780  
    Gain on deconsolidation     15,198       —  
    Loss on sale of investment     (352 )     —  
    Loss on extinguishment of royalty payable     —       (2,909 )
    Interest on long-term debt and accretion of royalty payable     (2,797 )     (2,981 )
    Impairment of long-term investment     —       (413 )
    Interest and other income, net of bank charges     1,161       2,690  
    Loss before income taxes     (16,861 )     (48,716 )
    Income tax expense (recovery):        
    Current     3,183       1,786  
    Deferred     1,797       (784 )
          4,980       1,002  
    Net loss for the year     (21,841 )     (49,718 )
    Other comprehensive income (loss):        
    Cumulative translation adjustment     (2,535 )     4,473  
    Ownership share of equity method investments’ other comprehensive loss   $ (113 )   $ —  
        $ (2,648 )   $ 4,473  
    Comprehensive loss   $ (24,489 )   $ (45,245 )
    Loss per share:        
    Net loss per share – basic and diluted   $ (1.27 )   $ (2.90 )
    Weighted average common shares outstanding:        
    Basic and diluted     17,248,090       17,173,016  
    WESTPORT FUEL SYSTEMS INC.
    Consolidated Statements of Cash Flows
    (Expressed in thousands of United States dollars)
    Years ended December 31, 2024 and 2023
        Years ended December 31,
          2024       2023  
             
    Operating activities:        
    Net loss for the year   $ (21,841 )   $ (49,718 )
    Adjustments to reconcile net loss to net cash provided by (used in) operating activities:        
    Depreciation and amortization     8,661       12,490  
    Stock-based compensation expense     1,066       1,727  
    Unrealized foreign exchange loss     6,248       3,974  
    Deferred income tax expense (recovery)     1,797       (784 )
    Loss (income) from investments accounted for by the equity method     5,402       (780 )
    Interest on long-term debt and accretion of royalty payable     74       9  
    Impairment of long-term investment     —       413  
    Change in inventory write-downs to net realizable value     3,283       7,066  
    Gain on deconsolidation     (15,198 )     —  
    Loss on sale of investment     352       —  
    Net loss on sale of assets     627       32  
    Loss on extinguishment of royalty payable     —       2,909  
    Change in bad debt expense     282       56  
    Changes in operating assets and liabilities:        
    Accounts receivable     25,567       5,340  
    Inventories     (6,836 )     9,481  
    Prepaid expenses     (153 )     2,869  
    Accounts payable and accrued liabilities     2,233       (2,448 )
    Warranty liability     (4,380 )     (5,829 )
    Net cash provided by (used in) operating activities     7,184       (13,193 )
    Investing activities:        
    Purchase of property, plant and equipment     (16,923 )     (15,574 )
    Proceeds on sale of investments     29,994       —  
    Proceeds on sale of assets     998       161  
    Dividends received from investments accounted for by the equity method     297       —  
    Capital contributions to investments accounted for by the equity method     (9,900 )     —  
    Net cash provided by (used in) investing activities     4,466       (15,413 )
    Financing activities:        
    Drawings on operating lines of credit and long-term facilities     19,336       46,367  
    Repayment of operating lines of credit and long-term facilities     (44,546 )     (39,904 )
    Payment of royalty payable     —       (8,687 )
    Net cash used in financing activities     (25,210 )     (2,224 )
    Effect of foreign exchange on cash and cash equivalents     (3,647 )     (501 )
    Net decrease in cash and cash equivalents     (17,207 )     (31,331 )
    Cash and cash equivalents, beginning of year (including restricted cash)     54,853       86,184  
    Cash and cash equivalents, end of year (including restricted cash)     37,646       54,853  

    The MIL Network –

  • MIL-OSI NGOs: People affected by violence and cholera in South Sudan arrive exhausted in Ethiopia

    Source: Médecins Sans Frontières –

    • In South Sudan’s Upper Nile state, people are affected by violence and cholera, causing them to seek safety across the border in Ethiopia’s Gambella region.
    • MSF teams are on both sides of the border, providing critical care to people.
    • Urgent support is needed to provide safe water, implement widespread cholera vaccination campaigns, and reinforce treatment capacity for both cholera patients and trauma cases. 

    A humanitarian crisis is rapidly unfolding on both sides of the South Sudan–Ethiopia border, as escalating violence, displacement and a widespread cholera outbreak are pushing communities to the brink, Médecins Sans Frontières (MSF) warns.

    Clashes between government forces and armed groups, which initially began in Upper Nile state, South Sudan, now risk spreading to other parts of the country. Across the border, Ethiopia’s Gambella region is experiencing the effects of this violence. According to the United Nations, approximately 10,000 displaced people have crossed into Ethiopia since the beginning of March.

    “We have already witnessed how this violence has fuelled the spread of cholera in several areas, but a larger, escalating conflict could push the entire country into an unprecedented humanitarian catastrophe,” says Zakaria Mwatia, MSF head of mission in South Sudan. “We urgently call on all parties to the conflict to ensure the protection of civilians, healthcare workers, and medical facilities, and to grant unhindered access for humanitarian and medical assistance, in line with international humanitarian law.”

    A map of MSF’s response on both sides of the border in March 2025.

    South Sudan has been grappling with cholera outbreaks across the country since last year. The latest wave, which began in Upper Nile state, is now spreading further into neighbouring Jonglei state, the Greater Pibor Administrative Area, and across the border into Ethiopia’s Gambella region, where MSF teams are working to treat patients amid the surge in cases.

    In Upper Nile state, MSF is treating people wounded in the violence and supporting cholera treatment facilities in Ulang, Malakal and Renk counties. In Jonglei state, MSF is responding in Lankien as well as in Akobo, where a 100-bed cholera treatment unit set up by MSF in Akobo County hospital has treated over 300 patients in just over two weeks. MSF is also responding in Pibor town in the Greater Pibor Administrative area. Since the beginning of March, MSF teams have treated over 1,000 cholera patients across South Sudan and received over 30 patients wounded in the violence.

    Ruach Riek Chuol was admitted to MSF hospital in Ulang with injuries he sustained in the violence. “My goods and property for my business were all burned inside the house,” he says. “Everything was destroyed in the fire, including the house where I was.”

    In Ethiopia’s Gambella region, MSF, in collaboration with the Ministry of Health, has treated over 560 cholera patients since the start of the response in early March, in its cholera treatment centre and units in Mattar, Moan and Burbeiye with a capacity of 100 beds. MSF is also running oral rehydration points and conducting water, sanitation, and hygiene and community-based activities including door-to-door cholera awareness and water purification efforts, reaching over 5,000 people across multiple locations. In addition to cholera treatment, MSF teams have also provided medical care to 160 patients wounded in the clashes in South Sudan. 

    A cattle market in close to MSF’s cholera treatment unit in Ethiopia’s Gambella region. Ethiopia, March 2025.
    Metasebia Teshome/MSF

    “I came here because back home in Nasir, people are being killed,” said a South Sudanese mother who recently arrived in Burbeiye, Ethiopia. “There was nothing to eat, and when we arrived at the areas where we took respite, my kids became sick. There were no health facilities that we could run to.”

    The situation is rapidly deteriorating as thousands fleeing violence in South Sudan are crossing the border to seek safety. In Wanthoa Woreda, a new encampment in Burbeiye has emerged almost overnight, with over 6,500 new arrivals reported by local administrators — many of them women, children, and the elderly, arriving after days of travel. 

    “The displaced people are arriving in Gambella with little more than what they can carry,” said Joshua Eckley, MSF head of mission in Ethiopia. “Our teams are responding to the cholera outbreak and providing care to those arriving exhausted and in poor condition. There are significant needs, and without additional support, the situation could worsen.”

    This crisis comes at a time when South Sudan and Ethiopia are facing major reductions in donor funding, including the recent USAID cuts. While MSF does not accept funding from the US government, the cuts in the humanitarian and health assistance would severely reduce capacity of other organisations to respond to such crises.

    “In places like Akobo in Jonglei state, the cholera response has been highly impacted by funding cuts, including closure of critical health services,” says Mwatia. “A number of mobile clinics have already shut down following US funding cuts, and some organisations that supported health facilities, including cholera treatment units, have suspended all activities. This is part of a broader trend across the country.”

    The healthcare system in South Sudan suffers from chronic underfunding, shortages of skilled health staff, medicines and supplies, and has limited capacity to respond to emergencies. The country, already struggling to meet its own medical and humanitarian needs, is further burdened by the arrival of over one million people fleeing war in neighbouring Sudan. Urgent support is needed to provide safe water, implement widespread cholera vaccination campaigns, and reinforce treatment capacity for both cholera patients and trauma cases. 

    “Disruptions in cholera treatment services, combined with reduced actors’ capacity to support oral vaccination campaigns, heighten the risk of further spread,” says Mwatia. “We urge donors to allocate emergency funds for emergency response in South Sudan and neighbouring Ethiopia amid this escalating crisis.”

    MIL OSI NGO –

  • MIL-OSI Banking: Digitalization for Improving Elder Care

    Source: Asia Development Bank

    The authors explore both the opportunities and challenges of the digital transformation for elder care. Through case studies from diverse contexts, the book highlights the importance of involving older people as active participants in the digital economy. It sets out practical considerations for policymakers and practitioners to help advance efficient, dignified, and high-quality elder care in the digital age.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Samsung Solves: Tips To Recover From The Clocks Going Forward

    Source: Samsung

    Do you find yourself feeling more tired once the clocks spring forward for British Summer Time? Well, you’re not alone. Although losing an hour the night of Daylight Saving Time (DST) may seem insignificant, a study of the sleep patterns of Samsung Health users[1] across the world including 40 European countries reveals disruptions to sleep patterns can be felt weeks later, hitting younger age groups the hardest.
     
     
    Clock Changes Takes a Toll on Sleep, With Younger Generations Most Disrupted
     
    When looking into how much of an impact the clock change has on people the morning after, one thing is clear: everyone’s sleep patterns are affected. In fact, people fall asleep on average 37 minutes later than the previous night, and wake up 34 minutes earlier. While losing sleep isn’t easy at any age, those in their twenties likely felt it the most, losing half-an-hour more than everyone else thanks to an extremely late bedtime and a seeming inability to sleep in.
     

     
    Sleep patterns remained inconsistent in the days following the time change as people struggled to return to their regular bedtimes and wake times, and those in their twenties again seemed to be affected the most. Unable to get their sleep patterns under control, this cohort continued to fall sleep more than 20 minutes later than normal, yet woke up only 5 minutes later – missing critical rest. By the third week, sleep patterns for all age groups were still not back to normal, with bedtimes 3 minutes later and wake up times still 14 minutes earlier than average.
     

     
    Sleep Score – calculated based on an evaluation of a user’s total sleep time, time awake, sleep cycle, plus physical and mental recovery – was at the worst level for weeks after – and again, people in their twenties appeared to be most affected. When looking at the seven-day Sleep Score average, the twenties age group demonstrated the slowest score recovery rate, while older age groups adapted much quicker.
     
     
    Useful Tips to Help You Recover for a Good Night’s Sleep
     
    The time transition clearly affects the sleep patterns of all age groups long after the clocks change, but for younger generations, prioritising sleep management during this time couldn’t be more important. Sleep is essential for rest and repair of our body, as well as good physical and mental health[2].
     
    In recognition of the clock changes, Sleep scientist and Samsung Wellness Council member, Vanessa Hill, shares useful tips in collaboration with Samsung Health on how to harness technology to understand your sleep patterns and habits for a better night’s rest as the clocks change.
     
     

     
    Creating an ideal sleep environment is critical to a good night’s sleep.
    Later this month, a Samsung Health app update[3] will make this possible by receiving insights into the key factors that influence sleep quality, including temperature, humidity, air quality and light intensity via a Sleep environment report[4] – leveraging Samsung’s home-based technology and the power of its extensive device ecosystem. With a better understanding of how your environment affects sleep, you can easily optimise your room conditions for an improved night’s rest.
     
     
    In addition to perfecting your sleep environment, understanding how activity levels can impact sleep quality is key.
    Samsung Health updates also bring enhancements to Energy Score, which provides an indicator of how much energy users can expend throughout the day. In addition to sleep and heart rate, a new detailed factor about activity – Activity Balance – will help you understand overall conditions in greater detail by evaluating the consistency of activity levels based on recent data from the past 2 weeks.
     
     
    It can be helpful to understand how you’re sleeping and then make necessary adjustments through sleep coaching.
    Sleep Coaching[5] makes this simple by seamlessly tracking your sleep patterns over 7 days and assigning a sleep animal based on the results. With a personally tailored coaching program, develop healthy habits and routines that set you on a positive path to achieving your sleep goals.
     
     

     
     
    [1] Findings analysed sleep data of Samsung Health users via Galaxy Watch series and Galaxy Ring during DST in the spring of 2024.
    [2] https://www.nhs.uk/every-mind-matters/mental-health-issues/sleep/
    [3] Not intended for use in the detection, diagnosis, treatment, monitoring or management of any medical condition. Certain features may vary by market, carrier or paired device.
    [4] Sleep Environment report feature will be available on smartphone with One UI 7 and Samsung Health app version 6.29.5 or later.
    [5] Requires sleep data of at least 7 days, including 2 days off.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Samsung Announces Partnership with Warner Bros. Pictures and Legendary Pictures’ “A Minecraft Movie”

    Source: Samsung

    LONDON, UK – 28th March 2025 – Today, Samsung Electronics Co, Ltd. announces its partnership with Warner Bros. Pictures’ “A Minecraft Movie”, the first-ever big screen, live-action adaptation of Minecraft, the best-selling video game of all time. Driven by a shared belief in the power of self-expression, the partnership seeks to inspire a new wave of creativity among consumers.
     
    “A Minecraft Movie” celebrates creativity, curiosity and limitless possibilities – values that are at the heart of Samsung’s innovation. Just as the film brings imagination to life, Samsung technology powers exploration and curiosity, enabling users to unleash their creativity and embrace their potential.
     
    With an ecosystem of interconnected products that seamlessly work together, Samsung technology continues to push the boundaries of innovation to equip users with the tools to unlock their unique creative expression.
     
    Transform sketches into polished digital masterpieces with Galaxy AI on the Galaxy S25 Ultra, or immerse in breathtaking visuals with the Neo QLED 8K TV‘s unparalleled clarity and vibrant colours. You can even discover your inner chef with new flavours and personalised recommendations from the Family Hub SpaceMax Smart Fridge Freezer.
     
    Whatever your next adventure, Samsung technology serves as a portal to a world of creative possibilities that empower users to embrace, curate and share their unique visions.
     
    Benjamin Braun, CMO Samsung Europe says: “Anchored in personalisation and providing tools that push the boundaries of what’s possible for creative expression, our latest partnership with ‘A Minecraft Movie’ is the perfect extension of Samsung’s long-established relationship with Warner Bros. Pictures. Our product ecosystem and AI technology empowers users to embrace their creative potential.”
     
    Dana Nussbaum, Executive Vice President, Warner Bros. Pictures Worldwide Marketing says: “We’re delighted to partner with Samsung on ‘A Minecraft Movie’. This collaboration is all about breaking new ground – harnessing the innovation at the core of the film to inspire creativity and spark imagination worldwide. Together, we’re empowering global audiences with the tools to push the boundaries of their creativity and share their stories in exciting, new ways.”
     

     

     
    With anticipation building ahead of the release, the official “A Minecraft Movie” movie trailer will be available exclusively on Samsung TVs in European retail stores for shoppers to view in breath taking 8k. Samsung is also launching a ‘Portal to a World of Deals’ in collaboration with “A Minecraft Movie” across 25 countries, featuring specials offers & bundles to celebrate this incredible partnership.
     
    To further bring this partnership to life, Samsung will be hosting a group of content creators at the “A Minecraft Movie” premiere on the 30th March. The exclusive event will showcase first-hand how Samsung technology, powered by Galaxy AI, serves as a gateway for self-expression and discovery, empowering consumers to explore their creative identities.
     
    Check out the “A Minecraft Movie” trailer here.
     
    Additional information about Samsung’s products can be found at samsung.com/uk/.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Secretary-General of ASEAN joins ASEAN Foreign Ministers in a Special Emergency Meeting in the aftermath of the earthquake in Myanmar

    Source: ASEAN – Association of SouthEast Asian Nations

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today joined ASEAN Foreign Ministers and the Foreign Minister of Timor-Leste in a Special Emergency Meeting to discuss ASEAN’s humanitarian assistance to Myanmar in the wake of the devastating earthquake that struck central Myanmar, on 28 March 2025. At the Meeting, held via videoconference, ASEAN reaffirmed its support of relief and recovery efforts, based on priorities identified by Myanmar, with the assistance of the ASEAN Coordinating Centre for Humanitarian Assistance on disaster management (AHA Centre).

    The post Secretary-General of ASEAN joins ASEAN Foreign Ministers in a Special Emergency Meeting in the aftermath of the earthquake in Myanmar appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI Banking: ASEAN Foreign Ministers’ Statement on the Outcome of the Special Emergency Meeting of ASEAN Foreign Ministers in the Aftermath of the Earthquake in Myanmar and Thailand

    Source: ASEAN – Association of SouthEast Asian Nations

    1. A Special Emergency Meeting of the ASEAN Foreign Ministers was held on 30 March 2025 via videoconference following the 7.7 magnitude earthquake that struck central Myanmar on 28 March 2025, affecting the peoples of Myanmar and Thailand.

    2. The ASEAN Foreign Ministers extended their deepest sympathies and condolences to the peoples of Myanmar and Thailand who were affected by the earthquake, resulting in significant loss of life, injuries, and widespread destruction, particularly in Mandalay, Nay Pyi Taw, Sagaing, Bangkok, Chiang Mai and surrounding areas.

    To read full statement please click here.
    The post ASEAN Foreign Ministers’ Statement on the Outcome of the Special Emergency Meeting of ASEAN Foreign Ministers in the Aftermath of the Earthquake in Myanmar and Thailand appeared first on ASEAN Main Portal.

    MIL OSI Global Banks –

  • MIL-OSI Banking: Osaka/Kansai Expo: Construction of Panasonic Group Pavilion “The Land of NOMO” Completed, Allowing Adults and Children to “Unlock” with the Latest Technology

    Source: Panasonic

    Headline: Osaka/Kansai Expo: Construction of Panasonic Group Pavilion “The Land of NOMO” Completed, Allowing Adults and Children to “Unlock” with the Latest Technology

    The April 13 opening of the 2025 Japan International Expo (Expo 2025 Osaka, Kansai, Japan, “Expo 2025”) is rapidly approaching. In mid-February, a completion ceremony for Panasonic Group’s hands-on “The Land of Nomo” pavilion was held at the venue for Expo 2025 on Yumeshima in Konohana-ku, Osaka. Based on the concept of “Set your heart and mind free, and the world will open up,” the pavilion has various features to stimulate the senses of children—leaders of the next generation—and “Unlock” their imaginations. In the following we introduce more details about the completed pavilion, including features of each area, together with comments from architect Yuko Nagayama, who designed the building, and Michiko Ogawa, Director in charge of Kansai External Relations and EXPO Promotion at Panasonic Holdings Co.

    Construction Completed on The Land of NOMO and Its “Unlock” Experience

    The Panasonic Group’s The Land of NOMO pavilion was designed as a place where children, especially those from the Alpha generation, could experience the concept of “circulation,” which is the idea that everything is connected—matter, minds, sustainability, and well-being.
    The keyword “recycling” is both a theme connecting exhibition content and also a feature of the pavilion’s design. The pavilion’s resource-recycling architecture, which actively utilizes recycled iron and copper recovered from end-of-Life appliances and waste materials from factories, achieves total carbon neutrality from procurement through dismantling. Commenting on the design, Nagayama said that it extends beyond reuse and usability to also express “Joy and Beauty.” 

    The recently completed “The Land of NOMO” consists of the 922 m2 “Unlock Experience Area” and the 165 m2 “Earth” exhibition area1. The Land of NOMO’s tagline is “Unlock your nature.”
    1 Total floor area of The Land of NOMO is 1,731.64 m2, and the site area occupies 3,508.08 m2

    The façade is covered with a membrane made of layered organdie2 and a special metal. The effect is of soft fabric fluttering in the sea breeze. Said Nagayama: “It’s a structure that changes its appearance and reveals different shapes depending on how you look at it.”
    2 A thin, light, and transparent fabric

    The façade was completed at the end of January 2025, and consists of 730 organdie membranes installed on 1,404 frames. The façade is formed by these stacked curved frames, which represent “circulation.” As many as 20 units are stacked together in some parts of the façade.

    Outside the pavilion is displayed a prototype of a “glass-type perovskite solar cell” designed by artist Kaede Wajima, in collaboration with HERALBONY Co., Ltd., a company involved in a number of projects to decorate the city with art created by artists with disabilities.

    During Expo 2025, The Land of NOMO pavilion will be lit up at night using electricity generated from hydrogen derived from zero-carbon electricity. A lighting ceremony was held on March 1 at the pavilion, which will be lit up with lights and mist to create a fantastic effect on the façade.

    [embedded content]

    A Glimpse of the Panasonic Group Pavilion “The Land of NOMO”

    Unlock Experience Area—What to Expect in Each ZONE

    The Land of NOMO is made up of the Unlock Experience Area and the “Earth” exhibition area. The Unlock Experience Area provides an experience that allows children to become aware of the sensitivities that lie dormant within themselves, freeing them from preconceived notions and unleashing their hidden powers.
    The Unlock Experience Area has four zones and is an immersive space that stimulates the five senses by making full use of the Panasonic Group’s “spatial production” technologies related to light, video, sound, and air. In addition, using facial expression and behavior analysis techniques based on research into “Human Insight,” the possibilities and stories of each individual are depicted using a “butterfly” motif that reflects the person’s individuality and characteristics.

    ZONE 1: Deep within the Mirror Pond—Wandering through the Land of Nomo

    ZONE 1 uses technology based on “Space Tune ”—a 23.4-channel 3D sound system composed of high-quality Technics speakers and high-brightness projectors—to adjust the optimal sound quality according to the room’s setup. 
    Participants who wander into the zone have their senses sharpened cross-modally through three-dimensional sound, visuals, and vibrations, allowing them to fully perceive the world of “wind, water, light, and life”—elements they usually take for granted—beginning their Unlock experience.

    ZONE 2: NOMO Forest—Exploring the Unknown World

    ZONE 2 is a beautiful forest full of life and energy. The key to this experience is a crystal device embedded with a radio frequency identification (RFID) tag.

    The person experiencing the installation holds the crystal in their hand and explores the unknown world as their heart (sensitivity) guides them. When the crystal is held up to exhibits representing rocks and trees, they respond with sound and light. 
    Six cameras are installed in this area, and the movements of the person experiencing the installation are analyzed based on information from the wireless tags and cameras.

    ZONE 3: The Valley of Ancient Trees—Releasing Butterflies from Crystals

    ZONE 3 has 17 ancient trees, each containing transparent OLED displays and four cameras for facial expression analysis. When participants peer into the ancient trees, their expressions are analyzed, and the behavioral data from ZONE 2 is analyzed using a “sensibility model.” This results in a display of visuals reflecting the individuality and characteristics of each person. Next, a “butterfly” is released from a crystal and guides them through the “Waterfall = Mist Wall.”

    Waterfall—Taking a Courageous Step Forward

    Here they encounter a Mist Wall3 7 meters wide and 3.5 meters high. A screen of mist in the shape of a waterfall is created using Silky Fine Mist, an extremely fine mist produced by dual-fluid nozzles. Images of butterflies and other objects are projected onto the mist using a high-brightness projectors. Summoning up their courage, they step into the space beyond.
    3 A screen of images made from extremely fine mist with a particle diameter of 6μm, created using technology that suppresses diffusion and delivers air currents over long distances.

    ZONE 4: Into the Wide Open Sky—Butterflies Flap Their Wings and Harmonize

    ZONE 4 is a dynamic immersive theater where images are projected in a 360° space by 21 high-brightness projectors, and sound and visuals interact three-dimensionally. When people hold their crystal devices to the designated spots and use a “leaf-like fan device” to make wind, “butterflies” are born on the floor and produce various sounds as they flap their wings into the great sky. The separate sounds eventually harmonize, creating music, while vortex rings (mist rings) with a diameter of 1.3 meters4 are projected from five points on the ceiling, creating an immersive space.
    4 A ring of mist created using a technology that traps and propels the mist in a vortex of air

    Holding their crystal in this space projects the person’s personal “butterfly” onto the floor. Fanning the butterfly with a fan releases it into the sky.

    After the experience, when participants return the crystal device to the designated location, each person receives an Unlock Card that reflects their experience results. By accessing the QR code printed on the card, they can look back on their experience in The Land of NOMO.

    Earth Area—Experience the Society of the Future Where People and Nature Circulate Together

    The Earth Area is a place where people can think together about a better future within an exhibition space where the cycles of human activity and natural activity interact with each other. Children visiting The Land of NOMO will have the opportunity to experience a future in which people and nature expand each other’s potential through an intuitive experience of touch and smell.
    The exhibition space introduces the following five technologies that will help make the future a reality:
    The Future of Food with the Power of Photosynthetic Microorganisms: Cyanobacteria (Photosynthetic Microorganisms)
    The Future of Energy with “Power-Generating Glass”: Perovskite Solar Cells
    The Future of Manufacturing Returning to Nature: Biodegradable Cellulose Fiber
    The Future of Lighting with the Power of Luminous Microorganisms: Bio-Light (Luminous Microorganisms)
    The Future of Human and Nature’s Cyclical Activities: Bio-Sensory Dome

    The Future of Food with the Power of Photosynthetic Microorganisms: Cyanobacteria (Photosynthetic Microorganisms)

    The Future of Energy with “Power-Generating Glass”: Perovskite Solar Cells

    The Future of Manufacturing Returning to Nature: Biodegradable Cellulose Fiber

    The Future of Lighting with the Power of Luminous Microorganisms: Bio-Light (Luminous Microorganisms)

    The Future of Human and Nature’s Cyclical Activities: Bio-Sensory Dome

    Hoping People Will Genuinely Enjoy a World Carefully Constructed by Adults

    Ogawa and Nagayama shared their thoughts following the completion ceremony.
    “This project, which began in October 2021, has finally reached the completion ceremony, and I feel like we’ve come a long way,” said Ogawa. “This pavilion was made possible by the support of nearly 200 engineers from the Panasonic Group who worked on it alongside their usual jobs, and I think that the objects and technologies that adults have created with such care will resonate with children in some way. I hope that they experience a sense of excitement, and that each person carries this feeling with them for a long time. I would be pleased if many people, both children and adults, have the opportunity to let go and enjoy the Unlock experience.”
    “Children, so to speak, are ‘formless beings’ who are constantly changing. You could say that they’re still in the process of discovering what shape they will be,” said Nagayama. “It would be wonderful if these children could first see the facade of The Land of NOMO and be fascinated by the constantly changing colors and movements. I hope that they will see themselves in the ever-changing pavilion and be exhilarated.”

    The Panasonic Group is promoting a variety of initiatives to realize “an ideal society offering material and spiritual affluence” and a better life for people everywhere. As a company founded in Osaka, Panasonic will convey the technological capabilities and appeal of Japanese companies to visitors from around the world during Expo 2025.

    Related Videos

    [embedded content]

    Recap: The Journey to Completion of “The Land of NOMO”

    Related Articles

    MIL OSI Global Banks –

  • MIL-OSI Global: Ghana’s e-levy: 3 lessons from the abolished mobile money tax

    Source: The Conversation – Africa – By Max Gallien, Research Fellow, Institute of Development Studies

    The first budget speech of Ghana’s new government on 11 March painted a picture of an economy in crisis, facing high debt and fiscal mismanagement. The finance minister, Cassiel Ato Forson, acknowledged that key International Monetary Fund performance targets would be missed and announced drastic spending cuts.

    However, most Ghanaians just wanted to know whether the minister would announce the scrapping of the country’s electronic transfer levy (or e-tax), as he’d indicated he would.

    He did, a decision parliament endorsed unanimously the next day.

    The e-levy, a fee on mobile money transactions, was introduced in 2022. Ghanaians immediately united around the issue in fierce opposition, a sentiment that grew as the tax took effect.



    Read more:
    Ghana’s e-levy is unfair to the poor and misses its revenue target: a lesson in mobile money tax design

    Both major parties had campaigned for its removal in the run-up to elections held in December 2024.

    How did the e-levy become so unpopular, and what will repealing it mean?

    Over three years, researchers from the International Centre for Tax and Development worked with partners in Ghana to study the e-levy as part of our Digitax research programme. This study generated knowledge and evidence at the interface of digital financial services, digital identities and tax.

    The e-levy’s intense politicisation and complex design made it an interesting case of a wider trend of mobile money taxes in the region. We learned more about the e-levy’s impact on informal sector workers in Accra, knowledge and sentiments, registered merchant exemptions and mobile money usage.

    Based on this research, three key lessons emerge.

    Firstly, like other taxes on mobile money, the e-levy has come to be an important source of revenue in Ghana, even if it did not live up to initial optimistic estimates of its potential.

    Secondly, beyond the revenue it raised directly, the real potential of the e-levy – and loss if it is completely abolished – lay in the data it produced. It was enabling the Ghana Revenue Authority to uncover users with significant incomes who were not registered for income tax.

    Thirdly, the new consensus against the e-levy has arisen because important stakeholders such as mobile money providers and public opinion were not adequately managed from the start.

    A difficult birth

    Much like its departure, the e-levy was announced during a time of fiscal distress. Mobile money transactions had expanded rapidly, particularly after COVID-19, making it an attractive tax target, especially for the informal sector.

    Given this growth in the digital financial sector coupled with the need for revenue, the e-levy targeted the value of electronic financial transactions.

    Introduced in the 2022 budget at 1.75%, with a 100 cedi (US$10) daily exemption, it was met with strong resistance. The budget was rejected, protests erupted, and negotiations ensued. The government attempted to win public support through town hall meetings, eventually reducing the rate to 1.5% and adding exemptions.

    It went ahead with implementation in May 2022, however.

    Negative sentiment persisted, fuelled by confusion and concerns about its implementation.

    The government framed the tax as being essential for national development and investment attraction. But efforts to justify the necessity and benefit of the tax seemed to fall short.



    Read more:
    New data on the e-levy in Ghana: unpopular tax on mobile money transfers is hitting the poor hardest

    Several International Centre for Tax and Development studies, nationally representative and one focusing on informal markets, found an overwhelming sense of dissatisfaction among Ghanaians.

    The studies also showed the grievances had less to do with the tax and its rates per se and more to do with how people viewed government and its trustworthiness to collect and spend money.

    Did Ghana’s e-levy work?

    New taxes are often unpopular, but that alone should not determine their fate.

    Other key indicators of performance include:

    Revenue: The e-levy met only 12% of the initial revenue target of GH₵6.96 billion (US$380 million). But, based on our research, we have concluded that this reflects poor forecasting rather than implementation failure. It still contributed about 1% of total tax revenue, which equated to about US$129 million annually.

    Mobile money usage: Many critics feared negative effects on financial inclusion. However, one study of this impact shows that while transactions initially dropped, they soon rebounded and continued to grow. Another International Centre for Tax and Development study found that exempted payments values and volumes increased, with registered merchants who benefited from this exemption developing greater trust in government policies.

    Equity and distributional effects: Despite exemptions, an International Centre for Tax and Development study focusing on the intended target of the e-levy, the informal sector, found that the e-levy as a whole was highly regressive. While the poorest were somewhat protected by the 100 cedi daily threshold, low-income mobile money users still bore the greatest tax burden. Additionally, with the high rate of inflation in Ghana, the unchanged daily threshold became less effective with time.

    This result is striking given that in its design, the e-levy is potentially less regressive than most mobile money taxes in Africa.

    Will it be missed?

    Given public hostility, its removal may be widely celebrated. However, it leaves a revenue gap that must be addressed. Ghana’s fiscal history suggests this could lead to new, potentially unpopular taxes.

    The bigger loss may be the dismantling of systems built to administer the e-levy. These new advances in tax administration allowed the country’s revenue authorities to track high-volume users who were not registered for income tax, offering a path towards more efficient taxation.

    As governments face mounting revenue pressures in an era of high debt and declining aid, careful attention must be paid to the politics of tax reform. Perhaps the e-levy’s greatest flaw was the haste with which it was introduced, without adequate stakeholder engagement. Uganda faced similar backlash from rushed mobile money taxation in 2018.

    Evidence shows that perceptions affect how users respond to taxes, and first impressions can be hard to overcome. So, it is essential to make sure they are seen as fair and appropriate from the start, so that they are sustainable.

    Max Gallien is a Research Lead at the International Centre for Tax and Development (ICTD). Through the ICTD, the research described in this article has been supported by the UK Foreign, Commonwealth and Development Office, the Norwegian Agency for Development Cooperation and the Gates Foundation.

    Martin Hearson is a Research Director at the International Centre for Tax and Development (ICTD). Through the ICTD, the research described in this article has been supported by the UK Foreign, Commonwealth and Development Office, the Norwegian Agency for Development Cooperation and the Gates Foundation.

    Mary Abounabhan is a Researcher at the International Centre for Tax and Development (ICTD) Through the ICTD, the research described in this article has also been supported by the UK Foreign, Commonwealth and Development Office, the Norwegian Agency for Development Cooperation and the Gates Foundation.

    – ref. Ghana’s e-levy: 3 lessons from the abolished mobile money tax – https://theconversation.com/ghanas-e-levy-3-lessons-from-the-abolished-mobile-money-tax-253285

    MIL OSI – Global Reports –

  • MIL-OSI Global: Nigerians having babies abroad: women explain their reasons

    Source: The Conversation – Africa – By Aduragbemi Banke-Thomas, Associate professor, London School of Hygiene & Tropical Medicine

    Nigerian women make up a significant proportion of foreign women giving birth in several countries.

    A study done in Calgary in Canada found 24.5% of foreign women identified as having travelled abroad to give birth were from Nigeria.

    Research in Chicago in the US found the majority (88%) of those seeking obstetric care in a hospital were Nigerian citizens.

    In the UK, the phenomenon is labelled by some as the “Lagos Shuttle”, highlighting the high number of Nigerian women said to be so-called “birth tourists”.

    It is estimated that over 23% of pregnant Nigerian women would like to travel abroad to give birth.

    Why is this? As medical and legal scholars we asked women who had travelled overseas for the birth of their babies to share their experiences.

    Existing research has not done enough to capture their voices, which matter in framing service delivery and immigration policies.

    We reported findings from this first-of-its-kind study in PLOS Global Public Health.

    As there is no registry of foreign pregnant women who gave birth abroad, it is a challenge to find them. For our study, we used social media platforms to recruit 27 Nigerian women who had given birth to at least one child abroad and conducted in-depth interviews with them to understand their motivations and experiences.

    Why women do it

    Of all recruited, 23 gave birth to at least one child in the US, and four gave birth to at least one child in the UK. One woman each gave birth in Canada, Ireland and Zambia.

    All the women in the study had at least a university degree.

    We found that reasons for seeking childbirth abroad varied.

    Some women were motivated by both perceived and experienced gains of foreign citizenship, which they believed might give their children a good education, a better living environment, and easier access to jobs and loans.

    However, it was not all about citizenship. Another motivation was to benefit from “better healthcare”, especially for those who had either had bad experiences during previous births in Nigeria or were concerned because they were carrying what they called a “precious baby”, for example after years of infertility.

    Many women in the study also sought childbirth abroad because it is where they had loved ones to support them through pregnancy, childbirth and having a newborn – a motivation not previously reported.

    Indeed, the number of Nigerians living in the US has increased over time and as of 2023, over 760,000 Americans identify as being of Nigerian origin. Essentially, more than one in 10 African immigrants in the US are Nigerians.

    Some Nigerian women planned to give birth abroad long before they even got pregnant. Others were encouraged to do so by family, friends or colleagues.

    Some decided to seek childbirth abroad after their income increased.

    Mostly positive

    Childbirth abroad is mostly a positive experience, but some women reported feeling treated badly because they were “self-paying” patients, “black”, or not native to the country.

    While travel for many was mostly uneventful, some experienced life-threatening situations en route to their destination or upon arrival.

    They found the cost of care to be exorbitant, but many reported that they were able to pay it off in instalments, or negotiated rebates or discounts from hospitals. A separate study showed that four in five foreign pregnant women who gave birth in a Canadian hospital, including some from Nigeria, had no outstanding bill after discharge.

    In our study, those who struggled to pay said they incurred unexpected costs due to complications that resulted in caesarean sections or other surgical procedures.

    Support during childbirth abroad was considered crucial and included loved ones from Nigeria who would travel with the pregnant woman to their destination.

    Push and pull syndrome

    With an ongoing exodus of Nigerians out of the country due to push and pull factors, known locally as jàpa, it is more likely that there will be more Nigerian pregnant women who have their support system abroad.

    Countries like Nigeria should do more to improve the quality of care obtainable in their health systems.

    Clearly motivations vary, and it is not always about birthright citizenship. While most women have mostly positive experiences, some have negative experiences that require attention and safeguards. For example, care guidelines in host countries specifically assuring good quality care for all pregnant women, including women who have crossed the border to seek childbirth.

    The return of US president Donald Trump makes the need to install these safeguards particularly urgent. In his first term he ordered the United States Department of State to discontinue the approval of visas for pregnant women.

    In his second term he has focused on abolishing birthright citizenship altogether.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Nigerians having babies abroad: women explain their reasons – https://theconversation.com/nigerians-having-babies-abroad-women-explain-their-reasons-251067

    MIL OSI – Global Reports –

  • MIL-OSI Global: Discovery of a 4,000-year-old Bronze Age settlement in Morocco rewrites history

    Source: The Conversation – Africa – By Hamza Benattia, Prehistory, Universitat de Barcelona

    A new archaeological discovery at Kach Kouch in Morocco challenges the long-held belief that the Maghreb (north-west Africa) was an empty land before the arrival of the Phoenicians from the Middle East in around 800 BCE. It reveals a much richer and more complex history than previously thought.

    Everything found at the site indicates that during the Bronze Age, more than 3,000 years ago, stable agricultural settlements already existed on the African coast of the Mediterranean.

    This was at the same time as societies such as the Mycenaean flourished in the eastern Mediterranean.

    Our discovery, led by a team of young researchers from Morocco’s National Institute of Archaeology, expands our knowledge of the recent prehistory of north Africa. It also redefines our understanding of the connections between the Maghreb and the rest of the Mediterranean in ancient times.

    How the discovery was made

    Kach Kouch was first identified in 1988 and first excavated in 1992. At the time, researchers believed the site had been inhabited between the 8th and 6th centuries BCE. This was based on the Phoenician pottery that was found.

    Nearly 30 years later, our team carried out two new excavation seasons in 2021 and 2022. Our investigations included cutting-edge technology such as drones, differential GPS (global positioning systems) and 3D models.

    A rigorous protocol was followed for collecting samples. This allowed us to detect fossilised remains of seeds and charcoal.

    Subsequently, a series of analyses allowed us to reconstruct the settlement’s economy and its natural environment in prehistoric times.

    What the remains revealed

    The excavations, along with radiocarbon dating, revealed that the settlement underwent three phases of occupation between 2200 and 600 BCE.

    The earliest documented remains (2200–2000 BCE) are scarce. They consist of three undecorated pottery sherds, a flint flake and a cow bone.

    The scarcity of materials and contexts could be due to erosion or a temporary occupation of the hill during this phase.

    In its second phase, after a period of abandonment, the Kach Kouch hill was permanently occupied from 1300 BCE. Its inhabitants, who probably numbered no more than a hundred, dedicated themselves to agriculture and animal husbandry.

    They lived in circular dwellings built from wattle and daub, a technique that combines wooden poles, reeds and mud. They dug silos into the rock to store agricultural products.

    Analysis shows that they cultivated wheat, barley and legumes, and raised cattle, sheep, goats and pigs.

    They also used grinding stones for cereal processing, flint tools, and decorated pottery. In addition, the oldest known bronze object in north Africa (excluding Egypt) has been documented. It is probably a scrap metal fragment removed after casting in a mould.

    Interactions with the Phoenicians

    Between the 8th and 7th centuries BCE, during the so-called Mauretanian period, the inhabitants of Kach Kouch maintained the same material culture, architecture and economy as in the previous phase. However, interactions with Phoenician communities that were starting to settle in nearby sites, such as Lixus, brought new cultural practices.

    For example, circular dwellings coexisted with square ones made of stone and wattle and daub, combining Phoenician and local construction techniques.

    Furthermore, new crops began to be cultivated, like grapes and olives. Among the new materials, wheel-made Phoenician ceramics, such as amphorae (storage jugs) and plates, and the use of iron objects stand out.

    Around 600 BCE, Kach Kouch was peacefully abandoned, perhaps due to social and economic changes. Its inhabitants likely moved to other nearby settlements.

    So who were the Bronze Age inhabitants?

    It’s unclear whether the Maghreb populations in the Bronze Age lived in tribes, as would later occur during the Mauretanian period. They were probably organised as families. Burials suggest there were no clear signs of hierarchy.

    They may have spoken a language similar to the Amazigh, the indigenous north African language, which did not become written until the introduction of the Phoenician alphabet. The cultural continuity documented at Kach Kouch suggests that these populations are the direct ancestors of the Mauretanian peoples of north-west Africa.

    Why this matters

    Kach Kouch is not only the first and oldest known Bronze Age settlement in the Maghreb but also reshapes our understanding of prehistory in this region.

    The new findings, along with other recent discoveries, demonstrate that north-west Africa has been connected to other regions of the Mediterranean, the Atlantic and the Sahara since prehistoric times.



    Read more:
    Discovery of 5,000-year-old farming society in Morocco fills a major gap in history – north-west Africa was a central player in trade and culture

    Our findings challenge traditional narratives, many of which were influenced by colonial views that portrayed the Maghreb as an empty and isolated land until it was “civilized” by foreign peoples.

    As a result, the Maghreb has long been absent from debates on the later prehistory of the Mediterranean. These new discoveries not only represent a breakthrough for archaeology, but also a call to reconsider dominant historical narratives. Kach Kouch offers the opportunity to rewrite north Africa’s history and give it the visibility it has always deserved.



    Read more:
    Ancient DNA reveals Maghreb communities preserved their culture and genes, even in a time of human migration

    We believe this is a decisive moment for research that could forever change the way we understand not only the history of north Africa, but also its relationship with other areas of the Mediterranean.

    Hamza Benattia, director of the Kach Kouch Archaeological Project, received funding from the National Institute of Archaeology and Heritage of Morocco (INSAP), the Prehistoric Society Research Fund, the Stevan B. Dana Grant of the American Society of Overseas Research, the Mediterranean Archaeological Trust Grant, the Barakat Trust Early Career Award, the Centre Jacques Berque Research Grant, the Institute of Ceutan Studies Research Fund and the University of Castilla La Mancha.

    – ref. Discovery of a 4,000-year-old Bronze Age settlement in Morocco rewrites history – https://theconversation.com/discovery-of-a-4-000-year-old-bronze-age-settlement-in-morocco-rewrites-history-253172

    MIL OSI – Global Reports –

  • MIL-OSI Global: Canada should recognize celebrations like Eid, Diwali and Lunar New Year as public holidays

    Source: The Conversation – Canada – By Rahat Zaidi, Professor, Werklund School of Education, University of Calgary

    “For Eid we have to call in sick and I don’t like that. You should have the day off school. And everybody gets a holiday….Not everybody celebrates it, people just want to have a day off. Having Eid, I fasted 30 days, like a month and I had to call in school and say, I’m not showing up because it’s Eid.’ They should know and I shouldn’t have to call in.” — Abdoul, research participant.

    “When it’s Christmas, we have two weeks off, right? Even though we don’t celebrate, we still take two weeks. But in Eid time…we have to come to school. So if we can get [a day] off, that will be a big encouragement to our religion.” — Fatma, research participant.

    These were some of the sentiments racially diverse students in Brooks Composite High School in southern Alberta expressed when my research assistants and I interviewed them for our inquiry into the challenges they experienced as they integrated into the Canadian school system.

    I am a research professor in the Werklund School of Education at the University of Calgary. In 2021, my team and I at the university’s Transliteracies Lab (which studies the experiences of refugees, immigrants, newcomers and settlers in Alberta’s schools and communities) began working with Brooks Composite High School, located in a rural town in Alberta.

    Every December, students across Canada enjoy a two-week break to celebrate Christmas. In spring, Good Friday and Easter Monday bring further celebrations and a long weekend.

    In contrast, for millions of Canadians who mark celebrations such as Diwali, Eid or Lunar New Year — some of the world’s most widely observed religious and cultural festivals — there is no formal acknowledgement, and for those students wishing to recognize these traditional celebrations, it often means being marked absent from school.

    This gives us pause to reflect: What would it mean to make space in our school calendars to include different religious and cultural celebrations?

    A moment of change in Alberta

    Since the 1990s, the establishment of a meat-packing plant in Brooks has driven significant demographic changes, attracting a large immigrant and refugee population and increasing the racialized population from around three per cent in 1996 to over 45 per cent in 2021. Today, more than 75 per cent of students at the school are newcomers or children of immigrants, and approximately one-third are Muslim.

    Our research emerged from senior school administrators expressing the challenges racially and culturally minoritized learners experience as they navigate the school system.

    We engaged 13 English language learner (ELL) students in Grades 10 to 12 in a series of dynamic structured educational workshops we call Critically Engaged Language and Literacy Workshops (CELLWs). The students were mostly Muslim and of Arab and Somali descent, and were identified as facing more pressing issues that needed to be addressed.

    CELLWs provide a space for self-reflection that promotes fair, inclusive and diverse education. They recognize the unique experiences of racially diverse students and help teachers create educational practices that connect past and present experiences across different environments.

    Student voices encapsulated through arts-based initiatives at Brooks Composite High School, Brooks, Alta.
    (Rahat Zaidi)

    Students reflected on their lived experiences, religious identities and feelings of exclusion. The workshop conversations resulted in efforts to raise community awareness (including social media posts on Instagram, Tik Tok and YouTube) around a variety of social justice issues pertaining to the participants’ lived reality.

    In May 2022, the students at Brooks made national headlines when the southeast Alberta school district agreed to acknowledge the religious celebration of Eid al-Fitr on the school calendar. This decision was a direct result of Muslim students and their families expressing frustration about being marked absent while celebrating one of the most sacred days in the Islamic calendar.

    The school district’s decision wasn’t just symbolic. It demonstrated what meaningful inclusion can look like when education systems listen to their communities and reflect the lives and cultures of their students.

    A call to action

    As part of our research, our team also produced the documentary Bridging the Gap and its accompanying resource guide. The film showcases how using students’ voices and arts-based methods can break down systemic barriers related to race, language and religion in schools.

    In a poignant moment, one student recalls feeling like an outsider and putting in extra effort to “fit in.” A parent in the documentary later states: “We have to keep our traditions for our children.”

    As the first of its kind in western Canada, the film serves as a resource to support racially diverse families’ integration into education, highlighting their stories and building positive partnerships with schools and universities.

    A trailer for the documentary ‘Bridging the Gap.’

    Canada’s public holidays and school calendars tell a story about power, the stories that get told and, right now, the ones left out. Through open dialogue and building relationships of trust using platforms that encourage meaningful interaction, we worked together with the school, community and parents, to help racially diverse students bring about change.

    Being recognized matters, and acknowledging diverse cultural practices in school policy is one tangible way to combat the marginalization many racialized people experience. This scholarship provides a model for future reference and reveals a forward-thinking perspective on how education systems ought to understand the deeper issues and challenges faced by racially diverse students and communities.

    We were able to give these students an opportunity to tell their stories; stories of power, resistance and victory as they made their voices heard. When schools make space for cultural and religious traditions, they affirm students’ identities and help foster a stronger sense of belonging critical for their well-being, academic success and civic engagement.

    Rahat Zaidi received funding from the Social Sciences and Humanities Research Council of Canada.

    – ref. Canada should recognize celebrations like Eid, Diwali and Lunar New Year as public holidays – https://theconversation.com/canada-should-recognize-celebrations-like-eid-diwali-and-lunar-new-year-as-public-holidays-252871

    MIL OSI – Global Reports –