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Category: Transport

  • MIL-OSI USA: Robert Bird: Legal Strategy is an Untapped Competitive Advantage for Companies

    Source: US State of Connecticut

    CEOs and corporations should integrate legal strategy – an often-overlooked competitive advantage – into the core of their business plans, says Business law professor Robert Bird.

    “Legal knowledge is the last great source of untapped competitive advantage in organizations, and the corporations that recognize this can unlock a storehouse of value creation that their rivals might miss,’’ Bird says.

    Bird lays out the case for the competitive advantage of legal strategy in a new book, “Legal Knowledge in Organizations: A Source of Strategic and Competitive Advantage’’ (Cambridge University Press), which is out today.

    “When applied strategically, legal expertise can reveal opportunities for innovation, improve risk management, foster better decision-making, and support a culture of integrity,’’ he says.

    Legal Strategy Offers Much More than Compliance Mandates

    Take, for example, a company that establishes a strong policy against sexual harassment, Bird says. Instead of ignoring or minimizing sexual harassment concerns, the company prides itself on having zero tolerance and makes support and respect for women a core value of the organization.

    “Legal requirements related to sexual harassment and other workplace rules are more than just mandates. They have the potential to transform organizational culture and support women at all levels of the company,” Bird says. “Ultimately, that becomes a tremendous advantage in recruiting and retaining top talent.’’

    Legal knowledge holds many other strategic advantages as well, Bird says. A pro-active legal team can minimize risk; create contracts with intrinsic value that build relationships, loyalty, and trust; and merge intellectual prowess with corporate integrity.

    Bird says it took about two years to complete the book, but it reflects over 20 years of thought, research, and experience.

    “I’ve had an enduring curiosity about how lawyers and other legal experts can make companies more competitive and also more ethical,’’ he says. “A variety of businesses can profit from this guidance, but pharmaceutical, financial services, health care, and other highly regulated industries can particularly benefit.”

    The new book also offers a step-by-step guide to implementing legal strategy into a company.

    “I think the information in this book can bridge the gap between legal knowledge and business goals,’’ Bird says. “This content is meant to serve the broad business community, from lawyers to aspiring managers to business executives.’’

    Legal Expertise No Longer on the Periphery

    Bird says he believes this strategy has been overlooked by businesses because of the different perspectives that lawyers and businesspeople have.

    “Lawyers tend to be more conservative, and business people are more willing to take risks,’’ he says. “That can be a source of disagreement, but if both sides collaborate with one another there is the potential for a significant value creation.”

    Leveraging legal knowledge into competitive value requires a different way of thinking about how the organization works.

    “To be effective, leadership needs two things, an understanding of the law and an innovative mindset on how to use it in new ways that capture value,’’ he says. “We need to shed the thinking of the legal team as a static, punitive force, and embrace it as something dynamic, a value generator, and part of a fundamental strategy, that is no less valuable than other business disciplines.’’

    Bird emphasizes that legal knowledge must be deployed ethically and in a socially responsible manner.

    “Legal strategy is not a license to circumvent legal obligations, but a valuable opportunity to grow an organization that generates superior value for both business and society,” he says.

    Bird has been a professor of business law at UConn for 21 years and he also serves as the Eversource Energy Chair in Business Ethics. He earned his JD and MBA from Boston University. A prolific writer, he has authored more than 80 articles in the Journal of Law and Economics, American Business Law Journal, the Harvard Journal of Law and Public Policy and the MIT Sloan Management Review and has received numerous research and teaching awards.

    MIL OSI USA News –

    March 28, 2025

  • MIL-OSI USA: UConn Professor Examines the Health Risks of Life on the Road

    Source: US State of Connecticut

    They’re on our highways and our state roads.

    We see them at rest stops and service plazas.

    They move our economy. Literally.

    They’re tractor-trailer trucks, and they’re a vital part of the U.S. economy, hauling 70% of consumer and industrial goods and logging about 200 billion miles annually in the United States.

    Trucks, and the men and women who drive them, play an indispensable role in U.S. society.

    But truck driving is a high-stress, high-risk profession.

    Long-haul truck drivers work irregular hours under protracted and repeated stretches of continuous effort that can be exacerbated by road construction, traffic conditions, and changes in weather. For most, finding safe and suitable parking while on the road is a constant challenge.

    Many drivers deal with elevated stress levels and fatigue, and they have limited opportunities for physical activity and limited access to fresh, healthy foods.

    And moreover, life on the road is extremely isolating and lonely, with drivers often spending days or weeks away from home at a time, while coping with the constant pressure to log as many miles as they can, in order to earn as much money as possible, in an industry that has experienced significant consolidation in recent years.

    The impact of those occupational conditions – especially the risks that long-haul truck drivers face of developing multiple adverse health conditions due to the conditions they face on-the-job – recently caught the attention of Merrill Singer, a professor emeritus in the Department of Anthropology at UConn.

    “I began to read the literature on long-haul truck drivers, and the multiplicity of diseases that their jobs put them at special risk for, and how the political economy of truck driving is organized and controlled has increased the pressure on truck drivers – over time, it’s made their life more stressful,” says Singer. “And I started to explore the concept of occupational syndemics and how it related to the kinds of jobs that put people at heightened vulnerability.”

    A medical anthropologist who researches and explores the relationships between culture, health, and disease, Singer developed the public health concept of syndemics, which refers to the clustering of diseases in certain populations and the biological interaction of multiple comorbid diseases in populations.

    “Syndemics involves two or more diseases interacting and some set of social conditions that interact with those diseases and make people vulnerable, which then makes these diseases more harmful,” Singer explains.

    In recent years, Singer has been examining how syndemics can be used to assess the ways that living and working conditions can promote disease clustering and further the adverse interactions of comorbid diseases and other health factors.

    He looked at other high-risk occupation populations – including gold and coal mineworkers in South Africa and commercial fishermen – before turning his syndemics lens to long-haul truck drivers. He published his syndemic analysis on the biosocial health of long-haul truck drivers in the February 2025 edition of the Journal of Transport & Health.

    In his analysis, Singer notes studies that found that long-haul truck drivers frequently experienced elevated cortisol levels and are often subject to problems with sleep, including inadequate sleep, insomnia, and disrupted sleep linked to obstructive sleep apnea. Reduced sleep duration has been linked to fatigue, drowsiness, job performance lapses, slowed reaction time, and impaired driving ability.

    Long-haul truck drivers are also more likely to be cigarette smokers, to engage in binge drinking, and to use other substances. They often struggle with mental health disorders or chronic stress.

    Because of their working conditions, they typically eat while driving or dine at truck stops and fast-food outlets, factors that limit their available food choices. The occupation is highly sedentary as well – few rest stops offer any sort of exercise equipment, and opportunities for physical activity while on the road are infrequent.

    More than half of long-haul truck drivers report living with one or more health problems, while 80% report at least one serious health condition, including obesity, hypertension and cardiovascular disease, and diabetes and metabolic disorders.

    Getting regular medical care to help treat these conditions is also a struggle, as there aren’t medical providers on the road and drivers always face pressure to cover more miles.

    “A grave consequence of syndemics of the road,” Singer writes in his paper, “is family disruption and divorce, high turnover rate (employer hopping), a national shortage of drivers, a high and untreated disease burden, shortened lifespan, heightened rates of suicide, increased medical costs, and injurious and deadly highway crashes.”

    The challenges faced by long-haul truck drivers only intensified during the COVID-19 pandemic.

    Workers in the transportation/logistics sector have one of the highest per-capita excess mortality rates due to the COVID-19 virus, Singer notes. He recommends multipronged and multilayered syndemic interventions to help address the structural factors that place economically crucial long-haul truck drivers in the U.S. at risk.

    “In the case of [long-haul truck drivers],” he wrote, “this would involve advocacy for public policy changes, as part of state and federal infrastructure planning, that address an array of health, social, environmental, and economic challenges…[c]oupled with this kind of advocacy, there is a need for  funding to support direct structured health interventions for drivers that simultaneously address multiple health issues in this population.”

    In the current public health climate, where officials are closely monitoring the spread of bird flu into other mammals – including humans – policymakers and industry officials would be especially wise to consider the syndemics of the road, Singer says.

    “Once an infectious agent transitions from whatever its original host was to mammals, it makes it much easier to make the next transition into other mammals, which it’s already started to do,” Singer says.

    “If bird flu begins to spread directly human-to-human, it’s interaction with all of what else is going around, and in people with other preexisting conditions – diabetes, cancer, tuberculosis, et cetera – has the potential for another massive pandemic.”

    MIL OSI USA News –

    March 28, 2025

  • MIL-OSI USA: Attorney General James Recovers Over $5 Million From Nonprofit for Failing to Serve New York City Residents with Developmental Disabilities

    Source: US State of New York

    EW YORK – New York Attorney General Letitia James today secured over $5 million from Community Options, Inc. and Community Options NY, Inc. (Community Options) for failing to properly provide services for people with developmental disabilities and knowingly submitting false claims to Medicaid for services. Community Options is a nonprofit that provides “day habilitation” services to adults with developmental disabilities in New York City, ensuring they have enriching and educational community-based activities. A joint investigation between the Office of the Attorney General’s (OAG) Medicaid Fraud Control Unit (MFCU), and the United States Attorney’s Office for the Southern District of New York (USAO-SDNY) revealed that Community Options failed to follow regulations and requirements designed to ensure the people it serves are receiving safe and adequate care. Under settlements with OAG and USAO-SDNY, Community Options will repay Medicaid over $5 million in reimbursements it received for day habilitation services that it failed to provide and document in compliance with state regulations.

    “New Yorkers with developmental disabilities rely on quality, community-based activities to lead fulfilling and independent lives,” said Attorney General James. “Community Options ignored the rules meant to ensure it was delivering the services it promised, depriving vulnerable New Yorkers of opportunities to participate in valuable programs that meet their needs. I thank the U.S. Attorney’s Office for their assistance in this investigation that will ensure New Yorkers with developmental disabilities get the care and services they deserve.”

    Community Options’ services include the Day Habilitation Without Walls Program, where recipients can take part in activities, cultural events, and volunteer opportunities in their community. Medicaid and the New York Office for People with Developmental Disabilities (OPWDD) set requirements for day habilitation service providers to follow in order to receive Medicaid reimbursement. These requirements ensure organizations are providing an adequate number of services for enough time, are providing the correct types of services, and are documenting the services they provide.

    The OAG’s investigation found that Community Options violated the law by failing to meet these requirements for day habilitation services for which it billed New York’s Medicaid Program from January 1, 2017 to September 13, 2023. Community Options employees routinely failed to provide and document services in accordance with the OPWDD requirements. As a result, the adults with developmental disabilities that Community Options served did not receive the full benefits that the organization promised.

    The investigation also revealed that in January 2022, Community Options violated the law by failing to return overpayments it received from New York’s Medicaid program for services that it knew did not meet the state’s requirements. During a non-routine review, Community Options determined that it had failed to create and maintain monthly summary documents for dozens of day habilitation clients in Manhattan, Brooklyn, and Queens, affecting hundreds of claims for reimbursement. Despite a Community Options employee stating that these failures required Community Options to return payments for these claims, the senior Community Options employee overseeing day habilitation services instructed their subordinate to fraudulently create and back-date all of the missing monthly summary notes, in many instances up to a year after the services in question were purportedly provided.

    As a result of Attorney General James’ enforcement, Community Options will repay the over $5 million it improperly billed Medicaid, including paying approximately $2.8 million back to New York’s Medicaid program. The case against Community Options was initiated by a former employee, who will receive a portion of the settlement because the former employee filed a whistleblower lawsuit under the federal and New York False Claims Acts, which allow people to file civil actions under seal on behalf of the government and share in any recovery.

    The investigation and settlements were the result of a coordinated effort between OAG and USAO-SDNY. Attorney General James thanks USAO-SDNY for their partnership and assistance.

    For OAG’s MFCU, the investigation was conducted by Deputy Regional Chief Auditor Matthew Tandle, Auditor-Investigator Doni Corso, and Auditor-Investigator Che Cass, under the supervision of Chief Auditor Dejan Budimir, and Detective-Investigator Natalie Shifrin, under the supervision of Detective Supervisor Dominick DiGennaro. The settlement was handled by Special Assistant Attorney General Tiffany Castleman-Smith of the Civil Enforcement Division, under the supervision of Deputy Chief Diana Elkind. The Civil Enforcement Division is led by Chief Alee Scott. MFCU is led by Director Amy Held and Assistant Deputy Attorney General Paul J. Mahoney. MFCU is part of the Division for Criminal Justice, which is led by Chief Deputy Attorney General José Maldonado and overseen by First Deputy Attorney General Jennifer Levy.

    Reporting Medicaid Provider Fraud: MFCU defends the public by addressing Medicaid provider fraud and protecting nursing home residents from abuse and neglect. If an individual believes they have information about Medicaid provider fraud or about an incident of abuse or neglect of a nursing home resident, they can file a confidential complaint online or call the MFCU hotline at (800) 771-7755. If the situation is an emergency, please call 911.

    New York MFCU’s total funding for federal fiscal year (FY) 2025 is $70,502,916. Of that total, 75 percent, or $52,877,188, is funded from the U.S. Department of Health and Human Services. The remaining 25 percent, totaling $17,625,728 for FY 2025, is funded by New York State.

    MIL OSI USA News –

    March 28, 2025

  • MIL-OSI: Drone Manufacturers Racing to Introduce Latest Technology as Global Aerial Survey Services Market Projected to Reach $790 Billion By 2031

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., March 27, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Many investors have been watching the drone industry consistently growing over the past years and are expecting the same expansions to continue. The popularity of unmanned aerial vehicles (UAVs) for aerial imagery is quickly expanding this market. A report from Verified Market Research said that the Aerial Survey Services Market size, which was valued at USD 22.67 Billion in 2024, is projected to reach USD 791.21 Billion by 2031, growing at a CAGR of 55.90% during the forecast period 2024-2031. The report added: “The rising use of drone services for industry-specific solutions, improved regulatory framework, and increased demand for qualitative data in various industries are projected to boost the expansion of the Drone Aerial Survey Services Market. Aerial imaging is being more widely used in defense applications. Natural calamities are becoming more common. Aerial camera systems have been improving steadily. Drone technology has attracted venture capital investment. During the forecast period, the enterprise segment of the Aerial Survey Services Market is expected to grow at the fastest rate. All industries benefit from enterprise solutions because they provide end-to-end services. The enterprise solution segment is being driven by the rising demand for analytical services and software solutions in the Aerial Survey Services Market.” Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), AgEagle Aerial Systems Inc. (NYSE: UAVS), Red Cat Holdings, Inc. (NASDAQ: RCAT), AeroVironment, Inc. (NASDAQ: AVAV), KULR Technology Group, Inc. (NYSE American: KULR).

    Verified Market Research continued: “A rise in demand from a variety of industries is fueling the growth of the Drone Aerial Survey Services Market. Aerial photography is used in agriculture to track effective changes in yield production, crop health management, and soil improvement. Aerial imaging services are needed by the defense sector to protect border areas and prepare map structures. Aerial imaging services are also being used more widely in research and exploration, archaeological surveys, mining, oil and gas, and resource management. The Drone Aerial Survey Services Market is still in its early stages of development, and the expansion of application areas is expected to accelerate market growth over the forecast period. During the coronavirus pandemic, aerial imaging helped the construction industry. The benefits of aerial imaging for contracted surveying, onsite inspections, and design planning applications have been augmented by the construction, roofing, and solar industries.”

    ZenaTech (NASDAQ:ZENA) Signs LOI to Acquire Eighth Land Survey Company Advancing Drone as a Service in a $2.5 Billion US Drone Survey Market by 2033 – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces that it has signed an LOI (Letter of Intent) to acquire an eighth land survey engineering company which marks the second LOI located in Arizona. Upon completion, these locations will serve as a launchpad to further Southwest regional development and contribute to the Company’s national DaaS business model intended to bring the speed and precision of ZenaDrone’s AI drone solutions in a convenient subscription or pay-per-use model for businesses and government users.

    “Arizona is strategic to our US operations as the base of our subsidiary ZenaDrone where our second drone manufacturing facility will be. Our vision with Drone as a Service is to capture part of the drone survey market that is growing by double-digits and is expected to reach USD $2.5 billion by 2033. We plan to build our national presence offering ZenaDrone products and services for land surveys and many other applications,” said CEO Shaun Passley, Ph.D.

    According to Fact.MR, the global drone surveying market is poised for substantial growth and is expected to be worth over USD $8 billion globally by 2033 of which North America is expected to represent 35%. This market is expanding at a CAGR of over 19%, driven by increasing demand from industries such as construction, agriculture, and infrastructure development. Within the drone surveying market, land surveys represent 53%, with significant adoption in real estate, urban planning, environmental applications and infrastructure projects.

    Drones as a Service or DaaS works similarly to Software as a Service (SaaS), but instead of providing software over the internet, this business model offers drone technology solutions and services on a subscription or pay-per-use basis. With DaaS, businesses and government customers can conveniently access drones for tasks such as surveying, inspections, security, law enforcement, or precision agriculture solutions without having to buy, operate or maintain the drones themselves.

    ZenaTech’s DaaS model offers customers including government agencies, builders and real estate developers, construction firms and farmers reduced upfront costs as there is no need to purchase expensive drones, and convenience as the company manages maintenance and operation. DaaS also offers scalability to companies to use more often or less often based on their needs and enables access to advanced drone technology and applications without the need for specialized training or equipment.

    Accurate land surveys are essential for the planning, design, and execution of roads, bridges, and building projects for cities, commercial, and residential projects, and are required for legal purposes. Remotely piloted drones with an array of sensors and cameras, LiDAR (Light Detection and Ranging), and GPS systems for capturing high-resolution pictures and data are revolutionizing the land survey industry gathering aerial data across expansive terrains in a matter of hours instead of weeks or months using more traditional photogrammetry methods.   Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    In Additional ZENA News: ZenaTech’s (NASDAQ:ZENA) ZenaDrone Developing Indoor Drone Swarm Application for Inventory Management and Security with Auto Parts Manufacturer Customer – ZenaTech, Inc. this week also announced its subsidiary ZenaDrone is developing a drone swarm application using multiple indoor IQ Nano drones for inventory management and security applications. ZenaDrone is conducting this development with its auto parts manufacturer customer where it is currently engaged in a paid trial.

    A drone swarm is a coordinated group of autonomous drones that communicate and work together using AI and real-time data sharing, to perform tasks collaboratively without direct human control. Drone swarms can enhance efficiency, accuracy, automation and performance compared to a single drone.

    “We are pioneering the development of autonomous drone swarm technology, revolutionizing indoor inventory management and warehouse security by providing real-time, more accurate stock tracking and surveillance with reduced manual processes. We believe this technology will enable warehouses to operate more efficiently, reduce costs, and enhance safety and security while setting a new industry standard for AI drones,” said CEO Shaun Passley, Ph.D.   Continued… Read this full release by visiting: https://www.zenatech.com/newsroom/

    Other recent developments in the drone industry include:

    Red Cat Holdings, Inc. (NASDAQ: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, recently announced that financial results for the 2024 Stub Period (as of December 31, 2024 and the eight months then ended) will be reported on Monday, March 31, 2025 at the market close.

    Company management will host an earnings conference call at 4:30p.m. ET on Monday, March 31, 2025 to review financial results and provide an update on corporate developments. Following management’s formal remarks, there will be a question-and-answer session.

    Interested parties can listen to the conference call by dialing 1-844-413-3977 (within the U.S.) or 1-412-317-1803 (international). Callers should dial in approximately ten minutes prior to the start time and ask to be connected to the Red Cat conference call. Participants can also pre-register for the call using the following link: https://dpregister.com/sreg/10198203/fecb0dc7ae

    AeroVironment, Inc. (NASDAQ: AVAV) recently reported financial results for the fiscal third quarter ended January 25, 2025. “We faced a number of short-term challenges in the third quarter, including the unprecedented high winds and fires in Southern California, which impacted our ability to meet our goals,” said Wahid Nawabi, AeroVironment chairman, president and chief executive officer. “Nevertheless, we made significant progress towards executing our long-term growth strategy and building resiliency for the future.

    “This quarter, we booked record Switchblade and Jump-20 orders, which helped expand our backlog to a record $764 million. We also announced our new Utah manufacturing facility, which will more than double our Switchblade capacity and provide resiliency against regional weather events. Finally, we made significant progress towards completing our BlueHalo acquisition, which we now expect to close in the second quarter of calendar year 2025. While this has been a transition year pivoting away from Ukraine demand, we still expect a strong fiscal year 2025 including record fourth quarter revenue.”

    KULR Technology Group, Inc. (NYSE American: KULR) recently announced will hold a conference call on Thursday, March 27th at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2024. The financial results will be issued in a press release prior to the call.

    KULR management will host the conference call, followed by a question-and-answer period. Interested parties can submit relevant questions prior to the call to Stuart Smith at SmallCapVoice.Com, Inc. via email: ssmith@smallcapvoice.com by 5:00 p.m. ET on Friday, March 21st, 2025. Mr. Smith will compile a list of questions and submit them to the Company prior to the conference call. The questions that will get addressed will be based on the relevance to the shareholder base, and the appropriateness of the questions in light of public disclosure rules.

    AgEagle Aerial Systems Inc. (NYSE: UAVS) recently announced the appointment of Steve Mathias as Vice President of Global Sales and Business Development and Erik de Badts as Global Head of MicaSense Sales. AgEagle CEO Bill Irby commented, “As we execute a multi-faceted strategic growth plan focused on expanding our global footprint, the addition of both Steve and Erik’s impressive pedigrees will drive innovation, foster collaboration, and ensure that we remain agile in an evolving UAS marketplace. Steve brings multi-decade expertise in military and commercial aviation, both crewed and uncrewed, while Erik is a true subject matter expert in multi-spectral sensing. We are confident their leadership will help strengthen key partner relationships, unlock new opportunities, and accelerate revenue growth.”

    Steve Mathias is an aerospace business executive with over 30 years of senior leadership experience in both the military and aerospace industry. Prior to joining AgEagle, he served as Senior Vice President of Strategy and Growth at GKN Aerospace Defense, a leading global technology company specializing in advanced aerostructures and engine systems. Before his role at GKN Aerospace, Mr. Mathias was Vice President of Global Sales and Strategy at Bell Helicopter, where he led all domestic and international vertical lift defense sales, including both crewed and uncrewed systems. His background as a U.S. Army Officer includes significant special operations and conventional aviation experience with both manned and unmanned systems. In his final Army assignment, Steve served as the Deputy Chief of Staff G-8 for the U.S. Army Special Operations Command, overseeing the requirements and Program Objective Memorandum (POM) processes for over 200 Army and Special Operations air and land programs.

    About FN Media Group:

    At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies. #tickertagpressreleases #pressreleases

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    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty one hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

    Contact Information:

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    SOURCE: FN Media Group

    The MIL Network –

    March 28, 2025

  • MIL-OSI: Haivision Unveils Falkon X2: Pushing the Boundaries of 5G Video Transmission for Live Broadcasting

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, March 27, 2025 (GLOBE NEWSWIRE) — Haivision (TSX:HAI), a leading global provider of mission-critical, real-time video networking and visual collaboration solutions, proudly introduces Falkon X2, the game-changing 5G mobile video transmitter that pushes the boundaries of live broadcast contribution with pristine 4K UHD video, ultra-low latency, and maximum portability.

    Designed for broadcasters who thrive on delivering the highest-quality live coverage of sports, breaking news, and events from even the most remote corners of the globe, Falkon X2 sets a new standard for reliability, versatility, and innovation in live production. Dual-modem, quad-antenna 5G technology with state-of-the-art 2×2 MIMO support ensures seamless connectivity, long range, and maximum efficiency, even under challenging conditions.

    From its sleek, lightweight design to its intuitive touchscreen interface, Falkon X2 is engineered with field teams in mind—making live streaming easier, faster, and incredibly dynamic. Whether camera-mounted or carried in a backpack, this cutting-edge transmitter liberates storytellers to focus on the action with full freedom of movement, while its integrated rechargeable battery supports hours of uninterrupted transmission.

    Beyond portability, Falkon X2 redefines operational efficiency with remote management, enabling master control teams to take the reins from anywhere, while on-site broadcasters focus on capturing the moments that matter most. And with capabilities like 4:2:2 10-bit HDR video and both SDI and HDMI inputs, Falkon X2 is set to empower visual storytelling in its most vivid and engaging form.

    “We are thrilled to introduce the Falkon X2, which sets a new standard in live video transmission over bonded cellular,” said Jean-Marc Racine, Chief Product Officer at Haivision. “With the Falkon X2, broadcasters now have a highly efficient solution to deliver pristine live video over any network while maximizing the benefits of the latest 5G infrastructure. These products embody our commitment to innovation and excellence for live video contribution over any network.”

    The key advantages of Haivision Falkon X2:

    • Ultra-low latency live transmission: Send live video over cellular networks, including public and private 5G.
    • Pristine quality video: Up to 4K/UHD resolutions and 4:2:2 10-bit color precision.
    • Easy to use: Built-in touchscreen user interface and responsive, browser UI for computer or mobile device.
    • Built for mobility: Lightweight design supporting HEVC and H.264 encoding. Portable and camera-mountable with internal battery.
    • Advanced feature-rich, capabilities: Recording and file forwarding for when live streaming is not possible. Intercom, video returns, and data bridge to facilitate communications with field teams.
    • Total production freedom: Remote cloud controls and built-in user-friendly interfaces.

    Come see Haivision and Falkon X2 at the 2025 NAB Show and experience how you can take your live broadcasts to another level. See the Haivision website for more information or book a one-on-one meeting with a Haivision video expert at NAB here: haivision.com/events/nab-2025/.

    About Haivision

    Haivision is a leading global provider of mission-critical, real-time video networking and visual collaboration solutions. Our connected cloud and intelligent edge technologies enable organizations globally to engage audiences, enhance collaboration, and support decision-making. We provide high-quality, low-latency, secure, and reliable live video at a global scale. Haivision open-sourced its award-winning SRT low-latency video streaming protocol and founded the SRT Alliance to support its adoption. Awarded four Emmys® for Technology and Engineering from the National Academy of Television Arts and Sciences, Haivision continues to fuel the future of IP video transformation. Founded in 2004, Haivision is headquartered in Montreal and Chicago with offices, sales, and support located throughout the Americas, Europe, and Asia. To learn more, visit Haivision at www.haivision.com.

    Jennifer Gazin
    514.334.5445 ext 8309
    jgazin@haivision.com

    The MIL Network –

    March 28, 2025

  • MIL-OSI: GCM Grosvenor Hires Martin Laguerre as Co-Head of Global Diversified Private Equity

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, March 27, 2025 (GLOBE NEWSWIRE) — GCM Grosvenor, a global alternative asset management solutions provider, today announced the hiring of Martin Laguerre as Co-Head of Global Diversified Private Equity. Mr. Laguerre brings 25 years of investment experience spanning private equity, capital solutions, and infrastructure, with a strong track record of direct deal execution, portfolio management, and capital allocation across global markets. In his new role, he will serve as co-head alongside Bernard Yancovich, who also leads the firm’s diversified private equity practice.

    Mr. Laguerre most recently served as a Senior Advisor at Warburg Pincus. Prior to Warburg Pincus, he was Global Head of Private Equity and Capital Solutions at Caisse de dépôt et placement du Québec (CDPQ), where he led a global team overseeing a C$55 billion portfolio of private markets investments.

    Mr. Laguerre also held investment and leadership roles at CPP Investments and General Electric. He began his career in investment banking roles with DLJ/Credit Suisse and Lehman Brothers.

    “We are thrilled to welcome Martin to the firm and our investments leadership team,” said Fred Pollock, Chief Investment Officer at GCM Grosvenor. “His deep global alternative investment expertise and understanding of institutional investor priorities will strengthen our private equity platform. Martin’s leadership will play a key role in enhancing our ability to deliver solutions for our clients.”

    At GCM Grosvenor, Mr. Laguerre will focus on enhancing the firm’s three-decade legacy of private equity investing, leveraging the firm’s deep sourcing network. The firm currently has $30 billion of assets under management in private equity.

    “I am eager to join GCM Grosvenor and collaborate with its talented investment team,” said Martin Laguerre. “The firm’s deep expertise in private markets and its commitment to delivering strong investment outcomes for clients make this an exciting opportunity. I look forward to contributing to its continued success.”

    Mr. Laguerre holds a Bachelor of Commerce in Finance and Management Science from McGill University, the Chartered Financial Analyst© designation from the CFA Institute and an MBA in Finance and International Business from the Booth School of Business at the University of Chicago.

    About GCM Grosvenor 

    GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $80 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 50 years and is dedicated to delivering value for clients by leveraging its cross-asset class and flexible investment platform. 

    GCM Grosvenor’s experienced team of approximately 550 professionals serves a global client base of institutional and individual investors. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul and Sydney. For more information, visit: gcmgrosvenor.com. 

    Media Contact 
    Tom Johnson and Abigail Ruck 
    H/Advisors Abernathy 
    tom.johnson@h-advisors.global / abigail.ruck@h-advisors.global 
    212-371-5999 

    The MIL Network –

    March 28, 2025

  • MIL-OSI: GeoRedox Announces New Stimulated Geologic Hydrogen Approach and Strategic Partnership with Sage Geosystems

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, March 27, 2025 (GLOBE NEWSWIRE) — GeoRedox Corporation (GeoRedox) announced today it’s launching its Advanced Weathering Enhancement (AWE) technology to produce stimulated geologic hydrogen (SGH) at low-cost and at scale. Additionally, the company announced a new partnership with Sage Geosystems (Sage) to cooperate in the design, construction, and operation of an advanced field demonstration to produce SGH and to collaborate in future production projects. The partnership will include sharing of related technical expertise, data, and resources necessary for project planning and implementation.

    This effort builds on recent progress created by discoveries around the world of sizable deposits of geologic hydrogen that have accumulated in the earth’s crust through naturally occurring processes. Using advanced drilling and subsurface engineering techniques adapted from the oil and gas industry in combination with GeoRedox’s AWE technology, the collaboration with Sage seeks to accelerate those processes in much more widely distributed source rocks. The approach has the potential to enable the production of ultra-low-cost, carbon-free geologic hydrogen close to existing industrial hydrogen markets, and to provide hydrogen at large-scale carbon-free liquid fuel production in the future.

    According to ARPA-E, U.S. Department of Energy, while the supply of naturally accumulating hydrogen, in and of itself, can enhance the U.S. energy economy, reduced iron minerals within the Earth’s crust have the theoretical potential to produce even more hydrogen from reactions within the subsurface. Using stimulated mineralogical processes could yield larger quantities of hydrogen than what are produced naturally. Thus, engineering the production of subsurface hydrogen could yield a substantial source of clean energy.

    “This collaboration brings together unmatched breadth and depth of experience in geoscience and advanced subsurface engineering to make stimulated geologic hydrogen a reality,” said GeoRedox President Robert Stoner. “Our demonstration project will simultaneously validate our geochemical and thermodynamic models and at the same time show that we can deliver commercially compelling outcomes in real-world settings. We expect our hydrogen to compete unsubsidized in the 100-megaton existing global hydrogen market – and that’s just a beginning.”

    “Stimulated geologic hydrogen represents a new use case for the cutting-edge technologies we’ve developed at Sage,” said Cindy Taff, CEO of Sage. “Our work with GeoRedox positions Sage on the ground floor of a new global opportunity that we expect to grow alongside our Pressure Geothermal businesses.”

    GeoRedox’s partnership with Sage to develop stimulated geologic hydrogen signals a significant step forward in the use of subsurface knowledge and resources to create a secure new global energy economy.

    Construction of the field demonstration site is expected to begin in 2026.

    About GeoRedox Corporation
    GeoRedox Corporation is a Boston-based early-stage technology developer founded in 2024 by a group of scientists and engineers at the Massachusetts Institute of Technology (MIT) based in Boston, Massachusetts. It has developed proprietary technology for producing ultralow cost stimulated geologic hydrogen from a wide variety of rocks and formations. For more information, visit www.georedox.com.

    About Sage Geosystems
    Sage Geosystems is a leader in the next-generation geothermal industry, pioneering the use of Pressure Geothermal. Pressure Geothermal leverages both the heat and the pressure of the earth to enable three applications: energy storage, power generation and district heating. Sage is enabling geothermal to be deployable globally. For more information, visit www.sagegeosystems.com

    Contact: 
    Marjorie Bonga
    marjorie@teamsilverline.com

    The MIL Network –

    March 28, 2025

  • MIL-OSI: Altus Group Releases Its 2025 Canadian Cost Guide

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, March 27, 2025 (GLOBE NEWSWIRE) — Altus Group Limited (“Altus Group” or the “Company”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), today released its 2025 Canadian Cost Guide, an annual assessment of real estate development and infrastructure construction hard costs across all asset classes in major Canadian cities.

    For decades, industry professionals have relied on Altus Group’s Cost Guide to enhance the accuracy and predictability of construction cost estimates and evaluate project risks. Leveraging Altus’ insights from over 6,200 development projects spanning over 1.5 million square feet with a collective value exceeding C$521 billion, the Cost Guide covers hard costs of real estate development and infrastructure projects, delivering detailed insights by asset class, city, and on a per-square-foot or per-unit basis. Construction costs are influenced by both global and local economic conditions, market trends and advancements in building materials, practices and methods. The Cost Guide takes these factors into account to provide a resource for initial budgeting or as a benchmark for estimating costs across various regions and building types.

    “The 2025 Canadian Cost Guide shows that cost increases have been leveling off over the past year and are now more in line with general inflation,” said Colin Doran, Head of Development Advisory, Americas at Altus Group. “The big question is whether that stability will hold. With shifting trade policies, upcoming building code changes, and labour negotiations on the horizon, developers are facing a new wave of complexity—and that’s on top of already high construction costs. Staying agile and tapping into real-time data will be key to navigating what’s ahead.”

    “The threat of new tariffs could throw a wrench into the 2025 cost outlook,” added Peter Norman, Vice President and Economic Strategist at Altus Group. “Even if the immediate impact is muted, it’s still a wild card. It really depends on what goods are affected, how long tariffs stick around, and whether there’s any retaliation—all of which could drive costs even higher.”

    A copy of Altus Group’s 2025 Canadian Cost Guide can be downloaded here. To read an article with commentary on the 2025 Cost Guide from our experts, click here.

    The Cost Guide is for informational purposes only; readers are advised to consult with a qualified professional for advice on specific projects.

    About Altus Group

    Altus Group is a leading provider of asset and fund intelligence for commercial real estate. We deliver intelligence as a service to our global client base through a connected platform of industry-leading technology, advanced analytics, and advisory services. Trusted by the largest CRE leaders, our capabilities help commercial real estate investors, developers, lenders, and advisors manage risks and improve performance returns throughout the asset and fund lifecycle. Altus Group is a global company headquartered in Toronto with approximately 1,900 employees across North America, EMEA and Asia Pacific. For more information about Altus (TSX: AIF) please visit altusgroup.com.

    FOR FURTHER INFORMATION PLEASE CONTACT:

    Elizabeth Lambe
    Director, Global Communications, Altus Group
    (416) 641-9787
    elizabeth.lambe@altusgroup.com

    The MIL Network –

    March 28, 2025

  • MIL-OSI: CrowdStreet Moves Its Headquarters to New York City with New Office in Manhattan, Signaling Next Phase of Company Growth and Expansion

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 27, 2025 (GLOBE NEWSWIRE) — CrowdStreet, the direct-access private market investment platform dedicated to helping members reach their financial ambitions, today announced that it has moved its headquarters to New York City with the opening of its new office in Manhattan. With more than 3,000 square feet in the historic 10 East 40th Street Mercantile Building, the new space marks the company’s official foray into one of the world’s leading financial hubs. The company’s previous headquarters were in Austin, Texas.

    The five-year lease, which begins this month, will enable CrowdStreet’s executive team to expand its business relationships and source new investment opportunities in the financial and business capital of the world. The office expansion will also enable CrowdStreet to host exclusive member-only events, and provide networking events for financial, business and commercial real estate communities.

    “New York City is a dynamic hub for innovation and business growth, and our expansion represents a strategic initiative that marks an important new chapter for the company,” said John Imbriglia, CEO of CrowdStreet. “Our increased footprint will enable us to better serve our members, attract some of the best talent in the world, and strengthen our leadership in providing direct access to private market investment opportunities.”

    The new office comes on the heels of CrowdStreet’s recent executive team expansion, including Chief Executive Officer John Imbriglia, Chief Marketing Officer Rodes Ponzer, and Chief Operating Officer Shaun Mulreed. The growing leadership team will leverage the dedicated space to enhance collaboration, ensure better brand coordination and integration, and provide direct, in-person access to critical leadership.

    Additionally, Chief Financial Officer Genni Combes and General Counsel & Chief Compliance Officer Kristen Howell were recently named to The Financial Technology Report’s Top 50 Women Leaders in Financial Technology of 2024 for their outstanding work in the fintech sector. This honor celebrates their leadership and innovation within the space, further solidifying CrowdStreet’s position at the forefront of the private market industry.

    “Today represents a key milestone in CrowdStreet’s growth strategy. By establishing a presence in one of the world’s most vibrant economic markets, we are well positioned to drive greater innovation, foster stronger partnerships, and fuel greater scale,” said Shaun Mulreed, Chief Operating Officer of CrowdStreet.

    CrowdStreet aims to deliver an industry-leading experience for its members through a seamless and intuitive investor interface. The platform offers tools that ensure members have clear, actionable data to track the financial health and progress of their investments. As of February 2025, the company’s thousands of members have invested billions of dollars through CrowdStreet’s platform, where they have accessed more than 800 investment opportunities.

    About CrowdStreet 

    CrowdStreet empowers its members to reach their financial ambitions through direct-access private market investments. The platform offers a carefully selected marketplace of alternative investment opportunities that have historically only been available to a small group of people. In addition to providing advanced tools, research, and insights to help investors confidently explore these exclusive opportunities, CrowdStreet is also building a member experience rooted in trust and experience – further bridging the gap between investment opportunities and true financial wealth. Learn more at https://www.crowdstreet.com/.

    Media Contact
    LaunchSquad
    crowdstreet@launchsquad.com

    CrowdStreet, Inc. (“CrowdStreet”) offers investment opportunities and financial services on its website. Broker dealer services provided in connection with an investment are offered through CrowdStreet Capital LLC (“CrowdStreet Capital”), a registered broker dealer, Member FINRA/SIPC. Advisory services are offered through CrowdStreet Advisors, LLC (“CrowdStreet Advisors”), a wholly-owned subsidiary of CrowdStreet and a federally registered investment adviser. Investment opportunities available through CrowdStreet are speculative and involve substantial risk. You should not invest unless you can sustain the risk of loss of capital, including the risk of total loss of capital. All investors should consider their individual factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate.

    The MIL Network –

    March 28, 2025

  • MIL-OSI: TAB Bank Closes $13 Million Lender Finance Facility with Capital Foundry to Fuel Small and Middle-Market Business Growth

    Source: GlobeNewswire (MIL-OSI)

    OGDEN, Utah, March 27, 2025 (GLOBE NEWSWIRE) — TAB Bank closed a $13 million lender finance facility for Capital Foundry, a Pittsburgh-based specialty finance lender that provides a variety of debt and credit products as well as business consulting services to small businesses and middle-market companies. This addition to Capital Foundry resources will enable the firm to expand its lending capabilities and better serve businesses seeking financing to support growth and working capital needs.

    Capital Foundry offers non-dilutive credit and debt solutions for underserved small and middle-market U.S.-based manufacturing, consulting and services industry companies. With expertise across multiple sectors, including a focus on energy services, the firm also offers business consulting services to help management teams achieve their growth, reorganization and capitalization goals.

    “TAB Bank and Capital Foundry share a commitment to supporting businesses that often struggle to access flexible financing solutions traditionally offered by local and regional banks,” said Justin Hatch, Chief Lending Officer at TAB Bank. “We look forward to our working partnership and empowering these businesses with the funding they need to succeed.”

    “Capital Foundry is excited to partner with TAB Bank,” said Neal Shipley, CEO of Capital Foundry. “TAB has exceptional customer service and attention to detail. It was a pleasure to work with their team, and we look forward to a wonderful partnership.”

    TAB Bank provides customized financial solutions to help businesses thrive in competitive markets. With a range of services, including working capital facilities, term loans and equipment financing, TAB Bank delivers bold financial solutions that lift and empower businesses nationwide.

    About TAB Bank
    At TAB Bank, our mission is to unlock dreams with bold financial solutions that empower individuals and businesses nationwide. We are committed to making financial success accessible to everyone through our innovative banking products. Our dedication drives us to continuously improve, ensuring that we meet the evolving needs of our clients with excellence and agility. For over 25 years, we have remained steadfast in offering tailored, technology-enabled solutions designed to simplify and enhance the banking experience. 

    For more information about how we can help you achieve your financial dreams, visit www.TABBank.com.

    About Capital Foundry
    Capital Foundry addresses the needs of underserved middle-market enterprises operating in a variety of places throughout a typical business cycle. CF has a demonstrated track record of success financing rapidly growing businesses, regardless of the sector, whose principal revenue source is not based in a traditional asset. Primarily, Capital Foundry is focused on receivable based securities, but has taken other assets as collateral and prides itself in providing flexible financing options for its clients. While being industry agnostic, Capital Foundry focuses the majority of its lending practice in the energy, health-care, technology, freight, and other service based industries.

    Contact Information:
    Trevor Morris
    Director of Marketing
    801-624-5172
    trevor.morris@tabbank.com

    The MIL Network –

    March 28, 2025

  • MIL-OSI: Block Advisors by H&R Block to Provide Timely Support for The Home Depot’s Pro Xtra Loyalty Members

    Source: GlobeNewswire (MIL-OSI)

    KANSAS CITY, Mo., March 27, 2025 (GLOBE NEWSWIRE) — Block Advisors by H&R Block and The Home Depot, the world’s largest home improvement retailer, have collaborated for the 2025 tax season to help hardworking Pro customers offload stressful administrative business tasks. This robust collaboration offers significant benefits to Pro Xtra members, such as discounted services, including tax preparation, empowering them to focus on growing their business.

    “Our initiative with The Home Depot helps Pro Xtra members navigate the complexities of running a business, such as taxes and bookkeeping,” says Jamil Khan, Chief Small Business Officer at H&R Block. “Having experts that understand the tax codes relevant to the industry helps Pro Xtra members keep more of their hard-earned money.”

    The service launched earlier this month ahead of the fast-approaching April 15 tax filing deadline. Block Advisors is backed by 70 years of H&R Block expertise and has category-specific knowledge to help Pro Xtra members lower their tax liability. A Block Advisors tax pro can help business owners understand and leverage such deductions and credits as:

    • 45L Tax Credit: This tax credit is available to eligible businesses who build or substantially renovate energy-efficient homes and offers significant tax-time upside.
    • Deductions for equipment and property: With a Section 179 deduction, companies can capture tax savings on some big-ticket expenses like property purchases, office renovations, and necessary equipment.
    • Professional materials deduction: The cost of materials and supplies can be deducted, depending on the timing of the usage. This often applies to things like cleaning supplies, production expenses, and shipping costs.
    • Vehicle and mileage deductions: The costs of driving and maintaining a vehicle for business use can add up fast. Owners can write off many expenses related to the business use of a vehicle.

    As part of the collaboration, Pro Xtra members benefit from a special offer* on Block Advisors tax preparation and year-round services, including:

    • $50 off tax preparation with a Small Business Certified Tax Pro
    • $25 off DIY online tax preparation
    • $25 off business formation services 
    • First month free, plus 10% off bookkeeping and payroll services 

    The Home Depot Pro Xtra members can learn about Block Advisors’ offer at The Home Depot Pro Desks and can also visit www.blockadvisors.com for more information on Block Advisors’ tax preparation and year-round business services.

    *Discounts valid online or at participating Block Advisors or H&R Block U.S. offices. Additional restrictions apply. See The Home Depot Pro Desks for details. Void if transferred and where prohibited. No cash value. OBTP#B13696-BR ©2024 HRB Tax Group, Inc.

    About H&R Block
    H&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through global tax preparation services, financial products, and small-business solutions. The company blends digital innovation with human expertise and care as it helps people get the best outcome at tax time and also be better with money using its mobile banking app, Spruce. Through Block Advisors and Wave, the company helps small-business owners thrive with year-round bookkeeping, payroll, advisory, and payment processing solutions. For more information, visit H&R Block News.

    The MIL Network –

    March 28, 2025

  • MIL-OSI: Global Radiotherapy Market Expected to Reach $9.62 Billion By 2030 Realizing Growth Due to Technological Advancements

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., March 27, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – Industry experts see the global radiotherapy market continuing to grow in the years to come. A recent report from MarketsAndMarkets said that the global radiotherapy market, which was valued at US$6.23 billion in 2022, grew at a robust CAGR of 4.9%, and reached US$7.21 billion in 2024 and is expected to reach an impressive US$9.62 billion by 2030. It said: “During the forecast years, the growth of the market is attributed to the focus on advancements in radiotherapy treatment technology growing patient population, increasing initiatives to promote radiotherapy awareness. Increasing use of particle therapy for cancer treatment among market players are also expected to support the growth of this market during the forecast period.” The report continued: “Technological advancements in radiotherapy methods, increasing cases of cancers, and the growing demand for radiotherapy services are areas of opportunity in this market. Market growth in North America is attributed to the favorable reimbursement scenario and the presence of key market players in the region. Emerging markets such as China, India are offering high growth opportunities for players operating in this market. Radiotherapy is a complex process that involves understanding the principles of medical physics, dosimetry, radiotherapy planning radiobiology, delivery and interaction of radiation therapy with other treatment modalities and the radiation safety.”   Active biotech and pharma companies in the markets this week include Actinium Pharmaceuticals, Inc. (NYSE AMERICAN: ATNM), Bristol Myers Squibb (NYSE: BMY), Eli Lilly and Company’s (NYSE: LLY), Novartis AG (NYSE: NVS), AstraZeneca PLC (NASDAQ: AZN).

    MarketsAndMarkets continued: “The development of advanced radiotherapy technologies has, in turn, resulted in an increased complexity of operations. Also, a high level of accuracy is needed at every step of the process to achieve maximum tumor control with minimal risk to normal tissue. The ecosystem market map of the overall radiotherapy market comprises the elements present in this market and defines these elements with a demonstration of the bodies involved. Ecosystem analysis elucidates the interdependencies among various components in the radiotherapy market. At the forefront, product, technology, and the application of radiotherapy analyzers serve as the cornerstones, facilitating consumables used in analysis.”

    Actinium Pharmaceuticals, Inc. (NYSE AMERICAN: ATNM) Announces Supply Agreement with Eckert & Ziegler for Ac-225 Radioisotope to Support Comprehensive Development Activities – Actinium Pharmaceuticals, Inc. (Actinium or the Company), a pioneer in the development of targeted radiotherapies, recently announced it has entered into an agreement for the supply of Actinium-225 (Ac-225) with Eckert & Ziegler. Under this agreement, Actinium Pharmaceuticals will have access to Eckert & Ziegler’s high-quality Actinium-225 to further develop its lead product Actimab-A as well as additional early and late-stage development candidates for both U.S. and international clinical trials.

    Targeted radiotherapies using Ac-225 have shown great promise in the treatment of cancer. The radioisotope releases powerful alpha particles with high energy and low penetration depth, enabling precise targeting of tumor cells, including hard-to-reach micrometastases, while minimizing effects on surrounding healthy tissue. Actimab-A is an Ac-225 based radiotherapy agent, directed against CD33, a receptor overexpressed in patients with acute myeloid leukemia (AML) and other myeloid indications.

    Sandesh Seth, Chairman and CEO at Actium Pharmaceuticals, Inc. commented: “We believe that targeted radiation therapy with Actinium-225 is one of the most promising approaches for treating patients with myeloid malignancies and solid tumors. As we have highlighted recently, we are advancing our lead targeted radiotherapy Actimab-A into a pivotal Phase 2/3 trial for patients with relapsed or refractory acute myeloid leukemia and in the frontline setting in a Phase 1 trial under our CRADA with the NCI. Additionally, we have launched our Actimab-A solid tumor program to combine with PD-1 checkpoint inhibitors KEYTRUDA and OPDIVO for patients with head and neck squamous carcinoma and non-small cell lung cancer in multiple trials. As a pioneer in the development of target radiotherapies, we have aggressive plans to expand our clinical pipeline to address indications with high unmet needs. With this supply agreement with Eckert & Ziegler, we will have access to reliable and constant supply of Ac-225 to advance our product development both in the U.S. as well as internationally.”

    “We are happy to contribute to the continuous expansion of indications for Actinium-225, which is significantly being advanced by Actinium Pharmaceuticals,” explained Dr. Harald Hasselmann, CEO of Eckert & Ziegler SE. “The progress we have made in our Ac-225 project over the past year marks only the start of our program to address the global shortage of this vital radionuclide.”

    Eckert & Ziegler reliably supplies high-quality Gallium-68, Lutetium-177, Yttrium-90, and Actinium-225 to leading pharmaceutical companies, and research institutions worldwide. With expertise in radioisotope production and global logistics, the company is committed to continuously support the development and delivery of innovative radiopharmaceuticals. CONTINUED… Read this full press release and more news for Actinium Pharmaceuticals at:   https://ir.actiniumpharma.com/press-releases

    Other recent developments in the biotech industry of note include:

    Bristol Myers Squibb (NYSE: BMY) recently announced that the European Commission (EC) has granted approval to Breyanzi® (lisocabtagene maraleucel; liso-cel), a CD19-directed chimeric antigen receptor (CAR) T cell therapy, for the treatment of adult patients with relapsed or refractory follicular lymphoma (FL) after two or more lines of systemic therapy.

    “This additional approval for Breyanzi in FL represents a critical step forward in our mission to deliver on the transformational promise of cell therapy for more patients across Europe,” said Emma Charles, senior vice president, Europe Region, Bristol Myers Squibb. “While significant advancements have been made in the last two decades, there still remains unmet need for patients. Newer treatments for FL, like Breyanzi, have shown impactful results in clinical trials, with the opportunity to deliver lasting results in the routine care setting.”

    New results show Eli Lilly and Company’s (NYSE: LLY) EBGLYSS achieved deep and sustained response for patients with moderate-to-severe atopic dermatitis (eczema) at three years. These findings from the ADjoin long-term extension study will be presented at the American Academy of Dermatology (AAD) Annual Meeting, taking place March 7-11 in Orlando.

    EBGLYSS is an interleukin-13 (IL-13) inhibitor that selectively blocks IL-13 signaling with high binding affinity. The cytokine IL-13 is a primary cytokine in atopic dermatitis, driving the type-2 inflammatory cycle in the skin, leading to skin barrier dysfunction, itch, skin thickening and infection.

    Novartis AG (NYSE: NVS) recently announced that oral Fabhalta® (iptacopan) has received U.S. Food and Drug Administration (FDA) approval for the treatment of adults with C3 glomerulopathy (C3G), to reduce proteinuria, making it the first and only treatment approved for this condition.

    “C3G is a debilitating disease often affecting young people, impacting many aspects of their physical and emotional health, and our previous treatment options came with significant challenges,” said Carla Nester, M.D., M.S.A., F.A.S.N., Professor of Pediatrics-Nephrology at the University of Iowa and Fabhalta APPEAR-C3G Study Co-Investigator. “This approval of Fabhalta is historic for the entire C3G community as now, for the first time, we have a therapy that is believed to treat the underlying cause of the disease, providing the potential for a new standard of care for patients.”

    AstraZeneca PLC (NASDAQ: AZN) – New study results presented at the European Lung Cancer Congress (ELCC) 2025, March 26 to 29, demonstrate the role of AstraZeneca’s TAGRISSO® (osimertinib), as monotherapy and as the backbone for novel combinations, across stages and settings of epidermal growth factor receptor-mutated (EGFRm) non-small cell lung cancer (NSCLC). Highlights include:

    Myung-Ju Ahn, MD, PhD, Professor of Hemato-Oncology at the Department of Medicine, Samsung Medical Center, Sungkyunkwan University School of Medicine, Seoul, South Korea, said: “A critical goal in treating every patient with lung cancer is to not only extend a patient’s life but also maintain quality of life while on treatment. The continued overall survival trend seen here at ELCC in the unresectable Stage III setting and the promising data for combinations that can address progression in the advanced setting, together reinforce osimertinib as an effective, safe and convenient treatment for patients with EGFR-mutated lung cancer across stages and lines of treatment.”

    About FN Media Group:

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    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM was compensated twenty five hundred dollars for news coverage of the current press releases issued by Actinium Pharmaceuticals, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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    SOURCE: FN Media Group

    The MIL Network –

    March 28, 2025

  • MIL-OSI: FE International Advises on the Strategic Acquisition of Oscar Hamilton, a Podcasting Services Provider

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, March 27, 2025 (GLOBE NEWSWIRE) — FE International, Inc., the global market leader in middle-market technology mergers and acquisitions (M&A), is pleased to announce the strategic acquisition of Oscar Hamilton, a podcast production service, for an undisclosed amount by a strategic buyer with a background in digital marketing and a rapidly developing portfolio of podcasting services.

    Oscar Hamilton provides a suite of services for podcast production, from scripting, audio engineering, and booking guests to forming a final release strategy. The podcasting services industry is projected to grow from USD 2.84 billion in 2023 to USD 17.59 billion by 2030 at a CAGR of 29.8%. Demand for the medium continues to grow, consistently providing an avenue for businesses to reach greater audiences with niche interests.

    Oscar Hamilton experienced an impressive 45% increase in the year leading up to the acquisition, which noticeably strengthened investor demand and led to its quick acquisition. Both buyer and seller were delighted by the rapid success of the deal, which closed in about 6 weeks.

    The FE team played a hands-on role, working diligently with both buyer and seller to compile previously unavailable data that was critical to the transaction and the business’ valuation. “This helped cement FE’s mission-critical role in the transaction,” said Zack Chudry, Associate at FE International. “These efforts directly contributed to a higher, more precise valuation while saving both buyer and seller hours of time organizing and presenting key metrics.”

    The quick closure was largely driven by the buyer’s immediate interest in the service and his vision for its expansion, which includes diversifying the marketing stack, applying his expertise to drive scale, and expanding Oscar Hamilton’s reach within the digital marketing and podcasting markets.

    Terms of the deal include short-term transitional leadership from the founder as well as the full Oscar Hamilton team of 24 employees. Robust integrity of operations makes the transition process nearly seamless for both parties, allowing the business to keep growing while the founder seeks his next venture.

    “Selling Oscar Hamilton represents a meaningful transition—entrusting my vision and our company’s growth to a partner who shares our ambition, ensuring our exceptional team’s hard work will continue to thrive under new leadership,” said Siimon Sander, CEO of Oscar Hamilton.

    Learn more about the value of the digital marketing industry in the 2025 Industry Report recently published by the firm.

    About FE International

    Founded in 2010, FE International is an award-winning strategic advisor for technology businesses. FE’s team has completed over 1,500 transactions with a combined value of over $50 billion. FE International was named one of The Americas’ Fastest Growing Companies from 2020 to 2024 by the Financial Times and is also a four-time Inc. 5000 company. For more information, visit www.feinternational.com

    About Oscar Hamilton

    Oscar Hamilton helps you succeed with podcasting. For the past 6 years, they have been trusted by Fortune 500 brands, Y Combinator startups and some of the most exciting authors and entrepreneurs with podcasting. They make sure that you get the attention of the people you are trying to reach. For more information, visit www.oscarhamilton.com

    Media Contact:

    Gaj Tanwar
    Marketing Coordinator, FE International
    Email: gaj.tanwar@feinternational.com

    The MIL Network –

    March 28, 2025

  • MIL-OSI United Kingdom: Celebrate VE Day 80 in Plymouth

    Source: City of Plymouth

    Whether you host your own street party, or join us for the festivities on The Hoe, get ready for an unforgettable celebration, as Plymouth marks 80 years since the end of the Second World War in Europe.  

    Join us on Thursday 8 May, on Plymouth Hoe for a day packed with excitement, entertainment, and heartfelt remembrance. Funded by Plymouth City Council, with support from defence company Babcock International Group (Babcock), which owns and operates Devonport Royal Dockyard, VE Day 80 will start at 10.30am with a flag-raising ceremony and a full parade of Standards at the Belvedere, featuring the Royal Navy Guard and ships in the Sound.  

    The festivities will then continue throughout the day with live music on The Hoe, an evening concert, vibrant street party, stalls, and vintage vehicles. With the evening concluding with a Sunset Guard lighting the Plymouth beacon at 8.40pm.  

    Across the country, millions will be dancing, singing, and partying in the streets on Monday 5 May, to celebrate the end of the war. Plymouth City Council is making it easier for local people to join in by suspending road closure fees for street parties. This will hopefully encourage local people to come together with their neighbours to have their own community celebrations. The deadline to apply for a road closure is 11 April.  

    Councillor Sally Haydon, Cabinet Member with responsibility for Events, says: “This will be a fantastic community event to celebrate VE Day 80. It’s a chance for us all to give thanks and remember those who lost their lives during the war, and to reflect on the past.  

    “Plymouth City Council is proud to be organising a day of celebration on The Hoe. And, whilst residents and communities will need to buy their own Victoria sponges, we are happy to wave the cost of road closures, to enable communities to come together to organise their own celebrations.” 

    John Gane, Managing Director of Babcock’s Devonport facility said: “As part of Plymouth’s proud history and an important part of the fabric of the city today, we are pleased to be supporting such a significant event, which provides an excellent opportunity for the local community to come together and mark 80 years since Victory in Europe Day.  Our Armed Forces play an essential role in the defence of our nation and we are proud to continue supporting them as we aim to create a safe and secure world, together. 

    At the event on The Hoe, The Box will also be bringing history to life with amazing archive film clips showing Plymouth during the war years. Watch these fascinating glimpses into the city’s past on the Big Screen, including the King’s secret visit in 1941 and the bomb damage from the Blitz. 

    Brigadier Mike Tanner OBE ADC – Devonport Naval Base Commander, says:  “From a military perspective, I am always in awe of the enormous courage and sacrifice required to achieve that outcome of “Victory in Europe”.  Both those fighting directly and those back here in Plymouth – who kept the Naval Base running, whilst their houses and city were bombed.   

    “Like every service person, I am always proud of my connection to Plymouth.  But as I think of this 80th anniversary I am massively reminded that today we stand on the shoulders of the giants who led before us.” 

    And let’s not forget, the war in the Far East didn’t end until 15 August 1945, when Japan surrendered. On Friday 15 August, the Royal British Legion will lead the nation in honouring and remembering those who fought and died during the War in the Far East with a service marking 80 years since VJ Day (Victory over Japan) at the National Memorial Arboretum. Plymouth will also commemorate this anniversary with a special church service. 

    Dates for the diary  

    Thursday 5 May: Hold your own street party – with the cost of road closures suspended.  Apply here.

    Thursday 8 May: Celebration on Plymouth Hoe  

    • 10.30am: flag raising, standards and ships in the Sound  
    • 11am: live music on The Hoe, street party, stalls, and vintage vehicles  
    • 5.30pm: evening concert  
    • 8.40pm: Sunset Guard lighting the Plymouth beacon  

    Friday 15 August: Special church service to commemorate VJ Day at St Andrews Church. Further details will follow nearer the time.  

    For more information about VE Day 80 in Plymouth, go to: VE Day 80 – Visit Plymouth 

    MIL OSI United Kingdom –

    March 28, 2025

  • MIL-OSI United Kingdom: Aberdeen City and Aberdeenshire Archives re-open

    Source: Scotland – City of Aberdeen

    Aberdeen City and Aberdeenshire Archives will re-open to the public for research visits at the Town House on Broad Street on Tuesday 29 April. The Archives have been closed to the public for almost a year to allow the team to carry out a major collection move from Old Aberdeen House to the Town House.  
     
    The collections of Aberdeen City and Aberdeenshire Archives contain a wealth of documents and records dating from the 12th century to the present day, relating to the rich history and heritage of the City of Aberdeen and the three ancient counties of Aberdeen, Banff and Kincardine. A valuable resource for all kinds of research, they range from minutes, registers, accounts, letters and logbooks, to maps, plans and photographs and include:

    • The oldest and most complete collection of burgh records in Scotland, dating back to 1398, which were recognised by UNESCO in 2013 as being of outstanding historical importance to the United Kingdom.

    • Business records including those of the Port of Aberdeen, the Northern Cooperative Society Ltd., and Esslemont and Mackintosh. 
       

    Follow Aberdeen City and Aberdeenshire Archives on Facebook for all the latest news about reopening @aberdeencityandaberdeenshirearchives 

    MIL OSI United Kingdom –

    March 28, 2025

  • MIL-Evening Report: Grattan on Friday: an ‘arms race’ of promises as prime minister set to call election

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Oops. Anthony Albanese’s own department pre-empted its boss on Thursday. Some unfortunate official, pressing the wrong button, posted on X that the government was in “caretaker” mode, although the prime minister had not yet called the election.

    There was a grovelling apology from the department, saying it was trying to find out why the error occurred.

    No matter. The department was only a day early. Albanese goes to government house on Friday for an election on May 3.

    Indeed, most players and observers had expected, before cyclone Alfred, that the campaign, with its “caretaker” period, would be well under way by now.

    Instead, we’ve had this budget week that’s seen an auction of handouts.

    First, the budget announced the tax cuts, which are more than a year away, and will be delivered in two stages, They are, to use Treasurer Jim Chalmers’ description, “modest”.

    Then came Peter Duttlon’s counter hit – a halving of the excise on petrol and diesel, briefed out ahead of his budget reply. The benefit would come more quickly – but would only last a year. This is a recycled, extended version of the Morrison government’s 2022 excise cut. Labor supported the 2022 move, but rejects Dutton’s proposal.

    The budget we nearly didn’t have gave Chalmers the stage to strut his stuff. Budget weeks traditionally belong to treasurers who, among other things, do a walkabout through the ranks of the journalists who are “locked up” and ploughing through the embargoed budget documents. So some old hands were surprised when the PM appeared with a senior staffer to do his own walkabout. Precedents didn’t come to mind.

    Labor sought to wedge the Coalition by pushing through legislation to enshrine the tax cuts. The Coalition voted against them in parliament, then declared if elected, it would repeal them. Dutton has confirmed he won’t be announcing any policy for tax cuts closer to the election.

    For the Liberals, to be seen opposing an income tax cut is unusual and risky. It’s made for campaign slogans. “The only thing they don’t want to cut is people’s taxes,” Albanese declared. “Labor is the party of lower taxes.” Both sides will be watching their polling carefully in coming days to see whether this stand rebounds against the Liberals.

    The opposition believes its excise reduction will hit the mark, especially in the seats it is most targeting – those in the outer suburbs where people drive a lot.

    But Kos Samaras, from the Redbridge political consultancy, predicts people will see this “arms race” of hand outs as providing just band-aids, with the measures likely to cancel each other out.

    Apart from the excise measure the other big initiative in Dutton’s reply was his plan for a gas reservation scheme.

    This is designed to fill what has been an apparent big hole in the opposition’s energy policy. It has its ambitious (many would say unrealistic) nuclear plan for the long term. But if it is arguing it would be able to bring down energy bills any time soon, it needs a here-and-now policy to do so.

    Its answer is to turn to gas. That requires ensuring a reliable and adequate supply for the local market, to drive down the price.

    “Gas sold on the domestic market will be de-coupled from overseas markets to protect Australia from international price shocks,” Dutton said in his Thursday speech. “And this will drive down new wholesale domestic gas prices from over $14 per gigajoule to under 10 per gigajoule.”

    Dutton told the ABC after his address that the price fall could be achieved by the end of this calendar year.

    That estimate sounds like a hostage to fortune. Precision can be dangerous when it comes to energy promises. Who can forget that number Labor put out so confidently before the last election – a $275 fall in household power bills?

    Critics will find all sorts of issues with Dutton’s east coast reservation scheme, including that it would be heavily interventionist and there’s no guarantee it would work. Labor says Dutton is reheating one of its old plans, and that the government has the gas situation under control anyway.

    The opposition says its plan is in line with warnings on gas supply released by the Australian Competition and Consumer Commission on Thursday.

    The potential effectiveness of Dutton’s gas plan will be highly contested. What is not in dispute is that the partisan divide over the energy transition will be one of the central issues of the campaign.

    This week the prime minister has had a spring in his step. The polls have improved somewhat, and the “vibe” seems to be with him. Responding to a challenge from a couple of podcasters, he playfully put the phrase, “delulu with no solulu” into a speech to describe his opponents. Never mind that middle-aged politicians sound slightly absurd when they try to be hip. Albanese is a confidence player and at the moment his confidence is up.

    The tactical games aren’t just around the tax cuts. Calling the election first thing Friday carpet bombs Dutton’s budget reply.

    And once the election is called, parliament will be prorogued and that will scrap the Friday sitting of estimates committees, denying the opposition an opportunity to quiz officials about the budget and other matters. (On Thursday, the “caretaker” fiasco became public during an estimates hearing, surprising officials from the PM’s department who happened to be appearing at the time.)

    For his part, Dutton understands the odds against him.

    Political scientist Rodney Tiffen, in an analysis of federal campaigns from 1972 to 2022, found no example where an opposition had started the campaign roughly equal in the polls and won, and three where it had lost (1980, 1987, and 2004). “All winning oppositions started the campaign already ahead,” Tiffen writes in a chapter in The Art of Opposition.

    In his budget reply, Dutton delivered one revealing line: “This election is as much about leadership as it’s about policy”.

    Dutton casts himself as the leader who would make the tough decisions. “I will lead with conviction – not walk both sides of the street,” he said.

    “I will be a strong leader and a steady hand – just as John Howard was.”

    Dutton might see Howard as his role model, but it will be a big leap of faith for many voters to see the opposition as a contemporary Howard.

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

    – ref. Grattan on Friday: an ‘arms race’ of promises as prime minister set to call election – https://theconversation.com/grattan-on-friday-an-arms-race-of-promises-as-prime-minister-set-to-call-election-251257

    MIL OSI Analysis – EveningReport.nz –

    March 28, 2025

  • MIL-OSI Global: Guinea-Bissau’s political crisis: a nation on the brink of authoritarianism

    Source: The Conversation – Africa – By Carlos Eduardo Machado Sangreman Proença, enseignant-chercheur, Universidade de Aveiro (Portugal)

    Guinea-Bissau faces a deep political crisis. For several years, the small west African nation has endured growing tensions between political institutions and there’s now a strong climate of uncertainty.

    Guinea-Bissau’s general elections had been scheduled for November 2024, but President Umaro Sissoco Embaló postponed them citing political instability, logistical challenges and disputes over presidential term limits. He has since announced 30 November 2025 as the new date for elections.

    Embaló has been president of Guinea Bissau since 27 February 2020. The opposition and the Supreme Court argue that his presidency should have ended on 27 February 2025. Embaló however insists his mandate should end on 4 September 2025. The dispute over Embaló’s five-year term stems from different interpretations of his inauguration date. He argues his official term began later, in November 2020 – when legal challenges to his election were resolved.

    The opposition now regard Embaló as an illegitimate president. Economic Community of West African States (Ecowas) representatives were also recently threatened with expulsion from the country when they came to assess the political situation.

    These developments highlight an unprecedented crisis. They raise concerns about Guinea-Bissau’s democratic future, given the political uncertainty.

    I’m an expert on Guinea-Bissau’s politics and have carried out research on the state of the country’s democracy. In this article, I examine the country’s current political crisis.

    Weakening institutions

    Nearly 50 years after independence, Guinea-Bissau is a fragile state, struggling to meet its people’s needs. Weak institutions, a self-serving political and economic elite, and a lack of basic public services have fuelled instability.

    The army, led by veterans, has staged three coups, and the country’s 1998-1999 civil war caused significant destruction.

    Despite this, civil society remains vibrant. It fills gaps left by the state. It plays a vital role in education, human rights, women’s rights, and environmental protection. It also supports vulnerable groups, including child beggars (talibés).

    Since taking office, Embaló has been weakening democratic institutions and consolidating power.

    His recent dissolution of parliament in December 2023, without scheduling timely elections, violated constitutional norms. He also directly appoints and dismisses governments, while the Supreme Court lacks the quorum needed to function. As a result, the legislative, executive and judicial branches all fall under the president’s direct control.

    The parliament’s permanent commission, made up of elected members, is the only institution still operating within constitutional limits. However, the president’s dissolution of parliament has blocked legislative sessions.

    This broader trend of power consolidation started with João Mário Vaz, who led the country between 23 June 2014 and 27 February 2020. Guinea Bissau has, for the past decade, been slipping into authoritarianism under different leaders.

    Growing authoritarianism

    Since Embaló won the 2019 presidential election, political, economic and social instability has persisted. This has severely affected human rights in the country.

    One of the major drivers of the current crisis was Embaló’s dissolution of the National Assembly in 2023.

    The assembly was being controlled by the opposition. This followed 2023 legislative elections in which a coalition led by the African Party for the Independence of Guinea-Bissau and Cape Verde (PAIGC) won. Its leader, Domingos Simões Pereira, became speaker of parliament. A government appointed by the winning coalition was then sworn in.

    In December 2023, a brief clash between two paramilitary groups – the national guard and the presidential battalion – became a pretext to dissolve the National Assembly. The president then appointed a prime minister and formed a government himself.

    Losing external support

    Embaló has taken every step to stay in power. He will eventually hold a presidential election but, I believe, only when the opposition is too weak to unite behind a candidate. He is also distancing himself from Ecowas, which urges elections within constitutional deadlines.

    Embaló is, however, not alone in his efforts for control. His 2020 provisional inauguration in a hotel in the capital in 2020 was attended by politicians and business figures. He continues to receive backing, as shown by ongoing consultations and public statements from political and civil actors.

    Still, his domestic support appears to be shrinking. He may consolidate his authoritarian rule as long as the military stays in its barracks and elections are delayed.

    Guinea-Bissau faces two possible paths. It could transition into a liberal democracy if presidential and legislative elections restore functioning institutions. Alternatively, it could slip into dictatorship marked by unchecked presidential power, repression of opposition, and lawlessness, including armed groups and drug trafficking.

    In a region already struggling with Islamist insurgencies and instability, Guinea-Bissau’s trajectory matters. The international community, particularly in Africa, must not ignore this crisis. Pressure on Embaló to allow a democratic transition is crucial for the country’s stability.

    Carlos Eduardo Machado Sangreman Proença is a permanent member and director of a university research centre in Lisbon. He has been receiving funds from the Portuguese government for several years for research projects in Guinea-Bissau.

    – ref. Guinea-Bissau’s political crisis: a nation on the brink of authoritarianism – https://theconversation.com/guinea-bissaus-political-crisis-a-nation-on-the-brink-of-authoritarianism-252317

    MIL OSI – Global Reports –

    March 28, 2025

  • MIL-OSI Banking: CBB Treasury Bills Over Subscribed

    Source: Central Bank of Bahrain

    Published on 27 March 2025

    Manama, Bahrain –27th March 2025 – This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 124%

    The bills, carrying a maturity of 91 days, are issued by the CBB, on behalf of the Government of the Kingdom of Bahrain.

    The issue date of the bills is 2nd April 2025, and the maturity date is 2nd July 2025.

    The weighted average rate of interest is 5.27% equivalent to the previous issue on 26th March 2025.

    The approximate average price for the issue was 98.686% with the lowest accepted price being 98.584%.

    This is issue No.2063 (ISIN BH000353H560) of Government Treasury Bills. With this, the total outstanding value of Government Treasury Bills is BD 2.110 billion

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    MIL OSI Global Banks –

    March 28, 2025

  • MIL-OSI United Kingdom: Sentence increase for violent robber caught wearing victim’s jacket

    Source: United Kingdom – Executive Government & Departments

    Press release

    Sentence increase for violent robber caught wearing victim’s jacket

    A violent robber who was caught wearing a jacket he had stolen has had his suspended sentence quashed and been sent to jail after the Solicitor General, Lucy Rigby KC MP intervened.

    The Court of Appeal increased the sentence of 27-year-old Zakaria Mohamed from 21 months’ imprisonment suspended for 24 months to four years and nine months’ imprisonment.

    This was the result of an intervention by the Solicitor General who referred the case under the Unduly Lenient Sentence (ULS) scheme.

    The court heard that the victim was on his way home after a night out in Leicester and was grabbed and dragged into a car in the early hours of 24 May last year. The victim was threatened with a kitchen knife and slapped as the group demanded his possessions.

    The victim was forced to hand over his belongings which included a smartphone, ear pods, a tablet, trainers, tracksuit and designer bag, and his jacket worth around £1,300.

    He was then told to get out of the vehicle before it sped off.

    Following the robbery, police caught Mohamed outside a nightclub handling and inspecting the stolen items. He was also wearing the victim’s jacket.

    In a victim impact statement after the incident, the victim said the robbery had led to him moving to another city and he continues to feel vulnerable every time he goes out.

    The Solicitor General Lucy Rigby KC MP said:

    This violent robbery was horrific and the substantial sentence increase following my intervention should serve as a stark warning that crime and lawlessness will not be tolerated.

    Mohamed pleaded guilty to robbery, driving without a licence and driving without insurance on 3 October 2024 at Leicester Crown Court. He was sentenced at the same court to 21 months’ imprisonment suspended for 24 months on 19 December 2024.

    The sentence was increased to a total of four years and nine months’ imprisonment at the Court of Appeal on 25 February 2025.

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    Published 27 March 2025

    MIL OSI United Kingdom –

    March 28, 2025

  • MIL-OSI USA News: ICYMI: UAW Praises President Trump’s Auto Tariffs

    Source: The White House

    Today, President Donald J. Trump imposed a 25% tariff on foreign automobiles imported into the United States — a continuation of President Trump’s Made in America renaissance.

    The move was immediately hailed by the United Auto Workers — one of the country’s largest labor unions — as a “victory for autoworkers.”

    “We applaud the Trump administration for stepping up to end the free trade disaster that has devastated working class communities for decades. Ending the race to the bottom in the auto industry starts with fixing our broken trade deals, and the Trump administration has made history with today’s actions. … The UAW and the working class in general couldn’t care less about party politics; working people expect leaders to work together to deliver results. The UAW has been clear: we will work with any politician, regardless of party, who is willing to reverse decades of working-class people going backwards in the most profitable times in our nation’s history. These tariffs are a major step in the right direction for autoworkers and blue-collar communities across the country, and it is now on the automakers, from the Big Three to Volkswagen and beyond, to bring back good union jobs to the U.S.”

    Read the UAW’s full statement here.

    MIL OSI USA News –

    March 28, 2025

  • MIL-OSI: BIO-key Trims 2024 Net Loss 49% to $4.3M, Reflecting Higher Gross Margin and Lower Operating Costs, Offsetting 11% Revenue Decrease Due to Business Transition; Hosts Investor Call Today at 10am ET

    Source: GlobeNewswire (MIL-OSI)

    HOLMDEL, N.J., March 27, 2025 (GLOBE NEWSWIRE) — BIO-key® International, Inc. (Nasdaq: BKYI), an innovative provider of workforce and customer Identity and Access Management (IAM) solutions featuring passwordless, phoneless and token-less Identity-Bound Biometric (IBB) authentication, announced results for its fourth quarter (Q4’24) and year ended December 31, 2024 (2024). BIO-key’s 2023 results, which were restated and filed with the Company’s 2023 Form 10-K, are reflected in this release for comparison purposes. BIO-key will host an investor call today, Thursday, March 27th at 10:00am ET (details below).

    BIO-key CEO, Mike DePasquale commented, “From a strategic standpoint, we substantially strengthened our business in 2024, growing our high-margin software license fee revenue by 20% while exiting our low margin services relationship with Swivel Secure to focus on BIO-key solutions such as PortalGuard IAM and our Identity-Bound Biometrics. This transition away from Swivel Secure licensed solutions resulted in an 11% decline in 2024 revenue, but enabled us to substantially improve overall profitability despite lower revenue.

    “We also reduced operating expenses by 6% in 2024 and reduced cash used in operations by 23% to $2.91M in 2024 from $3.79M in 2023. With this transition behind us, we are in a much stronger position to grow and convert top-line revenue into bottom-line contribution.”

    Recent Highlights

    Mr. DePasquale, continued, “Moving forward, we are seeing very encouraging order demand for our solutions in national defense, financial services and education applications and particular strength in EMEA countries. We are seeing growing interest in our unique capabilities in passwordless, phoneless and tokenless authentication solutions which are best positioned to meet the most pressing security and usability challenges. Our biometric solutions are gaining solid traction in international markets across government, financial services and civil defense applications.

    “For example, in Q4’24 we secured a $910K contract with a long-time financial services client to implement our biometric identification technology across its branches. The customer has already enrolled fingerprint biometrics for over 25M end-users and is now upgrading to BIO-key’s “fingerprint-only,” one-to-many identification system. Our solution is expected to trim approximately 30 seconds from each customer interaction, resulting in both an improved customer experience and substantial long-term savings.

    “Our longstanding relationship with one of the world’s most esteemed defense ministries saw expanded deployment of our biometric solutions in 2024, a trend we expect to continue in 2025 and beyond. We currently provide authentication and digital security services for over 80,000 ministry personnel and believe that deployment could double or triple in coming years. To date, the ministry has generated $3.3M in total hardware and license revenue, and we are now working under a new long term procurement agreement initiated in Q3 2024.

    “This past January, we forged a partnership with the National Bank of Egypt, which is integrating BIO-key’s PortalGuard IAM platform and an industry-leading Identity Governance solution. This project, led by our partner, Raya Information Technology, leverages PortalGuard’s advanced IAM, MFA, and SSO capabilities to secure the digital identities of the bank’s 30,000 employees, and we believe there is potential down the road for this solution to be utilized with its customers.

    “BIO-key has also built an established and growing presence in education across over 100 institutions serving over 4M end users. In January, three additional colleges and universities migrated to PortalGuard IDaaS and the Wyoming Department of Education deployed PortalGuard IDaaS, adding a total of over 50,000 IDaaS end users. Building on this momentum, after an extensive RFP and review process, we executed a strategic partnership and Joint Purchase Agreement (JPA) with California’s Education Technology Joint Powers Authority (Ed Tech JPA). The agreement makes PortalGuard an approved IAM solution for the alliance’s 195 K-12 schools and districts, collectively serving over 2.6M students, uniquely positioning our offerings to comply solve Ed Tech JPA member IAM requirements, including compliance with emerging restrictions on the use of personal mobile devices in schools.

    “In an effort to seed future market opportunities, in December we announced a strategic collaboration with Fiber Food Systems to explore IAM use cases across the food industry. As part of this agreement, we also acquired shares of Boumarang, Inc. from Fiber in exchange for BIO-key stock. Boumarang is a pioneering force in sustainable, AI-driven, hydrogen-powered, long-range drone technology, a developing market with a clear need for a state-of-the-art IAM solutions. The equity exchange strengthened our balance sheet and paved the way to a strategic collaboration with Guinn Partners to integrate our biometric technology with Guinn’s expertise in IoT and autonomous systems, targeting applications across aerospace, defense, healthcare, logistics and smart cities. These initiatives will take time to develop, but we believe that each of them has the potential to create attractive new commercial opportunities for BIO-key.

    “We are off to a strong start in 2025 and believe we are well positioned to deliver improved top- and bottom-line performance. However, given the timing of large customer orders, our financial performance has the potential to fluctuate significantly on a quarter-to-quarter basis. Given increasing interest in our biometric solutions, growing adoption of passwordless, phoneless and tokenless IAM solutions, and the transition we executed in 2024 to a focus on higher-margin BIO-key solutions, we are very optimistic regarding our prospects this year. We remain focused on reducing costs to lower our breakeven level as we continue to explore new markets and strategic partnerships that could advance our path to sustained profitability and positive operating cash flow.”

    Financial Results
    Please note that the audit our FY2024 financial statements has not been completed by our independent registered public accounting firm as of the date of this press release and are therefore subject to change.

    2024 revenues decreased approximately 11% to $6.9M from $7.8M in 2023, largely due to BIO-key’s exit from a Swivel Secure Limited (SSL) distribution agreement and transition to selling BIO-key branded solutions in the EMEA region. The impact of this strategic decision contributed to more high-margin software license fee revenue and a reduction in services revenue from third-party products which carry a much lower gross margin. As a result, 2024 license fee revenue increased 20% to $5.2M in 2024 vs. $4.3M in 2023; service fees declined 50% to $1.1M in 2024 from $2.2 million in 2023; and hardware revenue declined 47% to $0.6M in 2024 from $1.2M in 2023.

    In Q4’24 license fee revenue increased 77% to $1.0M; services revenue decreased 28% to $0.3M and hardware revenue declined 88% to $0.1M, also reflecting the impacts of the strategic transition from SSL products and services toward BIO-key solutions.

    Gross profit grew to $5.6M in 2024 from $1.4M in 2023, due to a $3.6M hardware reserve taken in 2023 and the impact of growth in higher-margin license sales and a reduction in lower-margin services and hardware revenue. Exiting the SSL agreement contributed to lower costs to support deployments, including software license fees included in sales of Swivel Secure offerings vs. BIO-key’s internally developed software solutions. This resulted in gross profit increasing to $1.2M in Q4’24 vs. negative $95,496 in Q4’23, which included a $1.1M hardware reserve. Both Q4’24 and 2024 gross profit benefited from the sale of $213,005 of fully reserved hardware inventory.

    BIO-key reduced its operating expenses by $606,409 to $9.7M in 2024 from $10.3M in 2023, due to a reduction of SG&A costs by $722,563, partially offset by a $116,154 increase in research, development and engineering expense to support new product development. Proactive cost reductions included lower headquarters expenses, sales personnel costs, and marketing show expenses, partially offset by an increase in professional services, principally related to financing activities. BIO-key’s Q4’24 operating expenses were flat year-over-year at $2.6M.

    Reflecting greater gross profit and lower operating expenses, BIO-key’s 2024 net loss improved to $4.3M, or ($2.10) per share, from a net loss of $8.7M, or ($15.21) per share, in 2023. Similarly, BIO-key’s Q4’24 net loss improved to $1.6M, or ($0.53) per share, vs. $2.4M, or ($3.99) per share, in Q4’23. 2023 Results included hardware reserves of $3.6M and $1.086M in 2023 and Q4’23, respectively. 2024 results included a positive hardware reserve adjustment of $213,005 in Q4 for the sale of hardware that was previously reserved.

    Balance Sheet
    As of December 31, 2024, BIO-key had $1.9M of current assets, including $438,000 of cash and cash equivalents, $0.8M of net accounts receivable and due from factor, and $378,000 of inventory. This compares to current assets of $2.6M at December 31, 2023, including approximately $511,000 of cash and cash equivalents, $1.3M of net accounts receivable and due from factor, and $446,000 of inventory.

    Conference Call Details

    Date / Time: Thursday, March 27th at 10 a.m. ET
    Call Dial In #: 1-877-418-5460 U.S. or 1-412-717-9594 Int’l
    Live Webcast / Replay: Webcast & Replay Link – Available for 3 months.
    Audio Replay: 1-877-344-7529 U.S. or 1-412-317-0088 Int’l; code 6114035
       

    About BIO-key International, Inc. (www.BIO-key.com)

    BIO-key is revolutionizing authentication and cybersecurity with biometric-centric, multi-factor identity and access management (IAM) software securing access for over forty million users. BIO-key allows customers to choose the right authentication factors for diverse use cases, including phoneless, tokenless, and passwordless biometric options. Its hosted or on-premise PortalGuard IAM solution provides cost-effective, easy-to-deploy, convenient, and secure access to computers, information, applications, and high-value transactions.

    BIO-key Safe Harbor Statement
    All statements contained in this press release other than statements of historical facts are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbor” provisions of the Act. These statements are not guarantees of future performance or events and are subject to risks and uncertainties that may cause actual results to differ materially from those included within or implied by such forward-looking statements. These risks and uncertainties include, without limitation, our history of losses and limited revenue; our ability to raise additional capital to satisfy working capital needs; our ability to continue as a going concern; our ability to protect our intellectual property; changes in business conditions; changes in our sales strategy and product development plans; changes in the marketplace; continued services of our executive management team; security breaches; competition in the biometric technology industry; market acceptance of biometric products generally and our products under development; our ability to convert sales opportunities to customer contracts; our ability to expand into Asia and other foreign markets; our ability to migrate Swivel Secure customers to BIO-key and Portal Guard offerings; fluctuations in foreign currency exchange rates; delays in the development of products, the commercial, reputational and regulatory risks to our business that may arise as a consequence of the restatement of our financial statements, including any consequences of non-compliance with Securities and Exchange Commission and Nasdaq periodic reporting requirements; our temporary loss of the use of a Registration Statement on Form S-3 to register securities in the future;, any disruption to our business that may occur on a longer-term basis should we be unable to continue to maintain effective internal controls over financial reporting, and statements of assumption underlying any of the foregoing as well as other factors set forth under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023 and other filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, we undertake no obligation to disclose any revision to these forward-looking statements whether as a result of new information, future events, or otherwise.

    Engage with BIO-key

    Investor Contacts

    William Jones, David Collins
    Catalyst IR
    BKYI@catalyst-ir.com or 212-924-9800

     
    BIO-key International, Inc. and Subsidiaries
    CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
    (Unaudited)
     
      Three Months Ended     Twelve Months Ended  
      December 31,     December 31,  
      2024     2023     2024     2023  
    Revenues                              
    Services $ 344,444     $ 478,005     $ 1,108,506     $ 2,218,885  
    License fees   1,023,701       577,669       5,189,370       4,342,010  
    Hardware   94,133       769,427       631,695       1,194,010  
    Total revenues   1,462,278       1,825,101       6,929,571       7,754,905  
    Costs and other expenses                              
    Cost of services   73,317       221,940       396,274       861,936  
    Cost of license fees   146,122       152,000       589,505       1,174,919  
    Cost of hardware   255,927       460,157       516,611       700,231  
    Cost of hardware – reserve   (213,005 )     1,086,500       (213,005 )     3,586,500  
    Total costs and other expenses   262,361       1,920,597       1,289,385       6,323,586  
    Gross profit   1,199,917       (95,496 )     5,640,186       1,431,319  
                                   
    Operating Expenses                              
    Selling, general and administrative   1,815,155       2,040,438       7,140,147       7,862,710  
    Research, development and engineering   812,072       587,900       2,511,080       2,394,926  
    Total Operating Expenses   2,627,227       2,628,338       9,651,227       10,257,636  
    Operating loss   (1,427,310 )     (2,723,834 )     (4,011,041 )     (8,826,317 )
    Other income (expense)                              
    Interest income   57       5,589       110       11,533  
    Gain from sale of asset           20,000               20,000  
    Loss on foreign currency transactions   (13,004 )     (24,000 )     (13,004 )     (39,000 )
    Loan fee amortization   (60,000 )     –       (124,000 )     –  
    Change in fair value of convertible note   –       131,497       –       396,203  
    Interest expense   (66,932 )     (58,890 )     (175,755 )     (218,270 )
    Total other income (expense), net   (139,879 )     74,196       (312,649 )     170,466  
                                   
    Loss before provision for income tax   (1,567,189 )     (2,649,638 )     (4,323,690 )     (8,655,851 )
                                   
    Provision for (income tax) tax benefit   –       276,825       –       134,014  
                                   
    Net loss $ (1,567,189 )   $ (2,372,813 )   $ (4,323,690 )   $ (8,521,837 )
                                   
    Comprehensive loss:                              
    Net loss $ (1,567,189 )   $ (2,372,813 )   $ (4,323,690 )   $ (8,521,837 )
    Other comprehensive income (loss) – Foreign currency translation adjustment   (25,409 )     138,029       26,469       265,423  
    Comprehensive loss $ (1,592,598 )   $ (2,234,784 )   $ (4,297,221 )   $ (8,256,414 )
                                   
    Basic and Diluted Loss per Common Share* $ (0.53 )   $ (3.99 )   $ (2.10 )   $ (15.21 )
                                   
    Weighted Average Common Shares Outstanding*                              
    Basic and diluted   3,032,240       560,278       2,059,884       560,278  
     
    *Periods reflect impact of BIO-key’s 1-for-18 reverse stock split effective December 21, 2023.
     
    Please note that the audit our FY2024 financial statements has not been completed by our independent registered public accounting firm as of the date of this press release and are therefore subject to change. 
     
    BIO-key International, Inc. and Subsidiaries
    CONSOLIDATED BALANCE SHEETS
     
        December 31,  
        2024     2023  
    ASSETS                
    Cash and cash equivalents   $ 437,604     $ 511,400  
    Accounts receivable, net     718,229       1,201,526  
    Due from factor     74,170       99,320  
    Inventory, net of reserve     378,307       445,740  
    Prepaid expenses and other     278,648       364,171  
    Total current assets     1,886,958       2,622,157  
    Equipment and leasehold improvements, net     140,198       220,177  
    Capitalized contract costs, net     409,426       229,806  
    Deposits and other assets     7,976       –  
    Operating lease right-of-use assets     73,372       36,905  
    Other assets     5,000,000       –  
    Intangible assets, net     1,097,630       1,407,990  
    Total non-current assets     6,728,602       1,894,878  
    TOTAL ASSETS   $ 8,615,560     $ 4,517,035  
                     
    LIABILITIES                
    Accounts payable   $ 818,187     $ 1,316,014  
    Accrued liabilities     1,278,732       1,305,848  
    Note payable     1,525,977       –  
    Government loan – BBVA Bank, current portion     132,731       138,730  
    Deferred revenue – current     773,267       414,968  
    Operating lease liabilities, current portion     24,642       37,829  
    Total current liabilities     4,553,536       3,213,389  
    Deferred revenue, net of current portion     196,237       28,296  
    Deferred tax liability     22,998       22,998  
    Government loan – BBVA Bank, net of current portion     44,762       188,787  
    Operating lease liabilities, net of current portion     48,994       –  
    Total non-current liabilities     312,991       240,081  
    TOTAL LIABILITIES     4,866,527       3,453,470  
                     
    Commitments                
                     
    STOCKHOLDERS’ EQUITY                
    Common stock — authorized, 170,000,000 shares; issued and outstanding; 3,715,483 and 1,032,777 of $.0001 par value at December 31, 2024 and December 31, 2023, respectively     372       103  
    Additional paid-in capital     133,030,271       126,047,851  
    Accumulated other comprehensive loss     49,290       22,821  
    Accumulated deficit     (129,330,900 )     (125,007,210 )
    TOTAL STOCKHOLDERS’ EQUITY     3,749,033       1,063,565  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   $ 8,615,560     $ 4,517,035  
     
    All BIO-key shares issued and outstanding for all periods reflect BIO-key’s 1-for-18 reverse stock split, which was effective December 21, 2023.
     
    Please note that the audit our FY2024 financial statements has not been completed by our independent registered public accounting firm as of the date of this press release and are therefore subject to change. 
     
    BIO-key International, Inc. and Subsidiaries

    CONSOLIDATED STATEMENTS OF CASH FLOWS
     
        Years ended December 31,  
        2024     2023  
                     
    CASH FLOW FROM OPERATING ACTIVITIES:                
    Net loss   $ (4,323,690 )   $ (8,521,837 )
    Adjustments to reconcile net loss to cash used for operating activities:                
    Depreciation     93,026       75,136  
    Amortization of intangible assets and write-off     304,983       354,558  
    Interest payable on Note     164,589       –  
    Loss on foreign currency     13,004       39,000  
    Reserve for inventory     (213,005 )     3,586,500  
    Allowance for doubtful account     (372,532 )     750,000  
    Amortization of debt discount     124,000       –  
    Amortization of capitalized contract costs     175,900       171,291  
    Share based and warrant compensation for employees and consultants     225,245       226,725  
    Stock based fees to directors     18,006       39,007  
    Bad debt expense     100,000       100,000  
    Change in fair value of convertible note     –       (396,203 )
    Deferred income tax benefit     –       (134,014 )
    Amortization of operating lease right-of-use assets     79,521       –  
    Change in operating assets and liabilities:                
    Accounts receivable     855,829       (428,742 )
    Due from factor     25,150       (49,820 )
    Capitalized contract costs     (355,520 )     (118,028 )
    Deposits     (7,976 )     –  
    Right of use asset     (115,988 )     160,449  
    Inventory     280,438       402,129  
    Prepaid expenses and other     85,523       (21,465 )
    Accounts payable     (502,987 )     57,725  
    Income tax payable     –       (121,764 )
    Accrued liabilities     (27,116 )     275,561  
    Deferred revenue     526,240       (71,288 )
    Operating lease liabilities     (66,712 )     (168,376 )
    Net cash used for operating activities     (2,914,072 )     (3,793,456 )
    CASH FLOWS FROM INVESTING ACTIVITIES:                
    Capital expenditures     (13,047 )     (1,000 )
    Net cash used for investing activities     (13,047 )     (1,000 )
    CASH FLOWS FROM FINANCING ACTIVITIES:                
    Proceeds from public offerings             4,296,260  
    Repayment of convertible notes             (2,200,000 )
    Proceeds from the exercise of warrants     1,908,099       320  
    Costs incurred for issuance of common stock     (172,350 )     (561,367 )
    Proceeds from issuance of note payable     2,000,000       –  
    Repayment of note payable     (762,611 )     –  
    Repayment of government loan     (150,024 )     (119,251 )
    Proceeds from Employee Stock Purchase Plan     3,740       17,478  
    Net cash (used in) provided by financing activities     2,826,854       1,433,440  
    Effect of exchange rate changes     26,469       236,894  
    NET DECREASE IN CASH AND CASH EQUIVALENTS     (73,796 )     (2,124,122 )
    CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR     511,400       2,635,522  
    CASH AND CASH EQUIVALENTS, END OF YEAR   $ 437,604     $ 511,400  
     
    All BIO-key shares issued and outstanding for all periods reflect BIO-key’s 1-for-18 reverse stock split, which was effective December 21, 2023.
     
    Please note that the audit our FY2024 financial statements has not been completed by our independent registered public accounting firm as of the date of this press release and are therefore subject to change. 

    The MIL Network –

    March 28, 2025

  • MIL-OSI: Liquidia Announces Poster Presentations at the American Thoracic Society (ATS) 2025 International Conference

    Source: GlobeNewswire (MIL-OSI)

    – Data from the ASCENT study of LIQ861 (YUTREPIA™) in PH-ILD patients highlights safety, tolerability, exploratory changes in six-minute walk distance, cardiac effort and quality of life

    – Case study highlights the long-term safety and tolerability of LIQ861 (YUTREPIA) in a PAH patient transitioning from parenteral treprostinil in INSPIRE study

    MORRISVILLE, N.C., March 27, 2025 (GLOBE NEWSWIRE) — Liquidia Corporation (NASDAQ: LQDA), a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease, today announced the company will present three posters at the American Thoracic Society (ATS) 2025 International Conference, taking place May 18-21, 2025, in San Francisco. Two posters will highlight new data from the company’s open-label ASCENT study of LIQ861 (YUTREPIA) in PH-ILD patients with a focus on safety, tolerability, exploratory changes in 6-minute walk distance, quality of life, and changes in cardiac effort. A third poster is a case study of a patient with PAH participating in the open-label extension study (INSPIRE).

    Poster Discussion Session: Poster Board #1404
    Date and time: Tuesday, May 20, 2025 from 11:30 a.m. – 1:15 p.m. PT
    Presenting Author: Rajan Saggar, MD
    Abstract: An ASCENT to Week 8: Initial Safety and Exploratory Efficacy Data on LIQ861 Dry Powder Inhaled Treprostinil in PH-ILD Patients

    Poster Discussion Session: Poster Board #1401
    Date and time: Tuesday, May 20, 2025 from 11:30 a.m. – 1:15 p.m. PT
    Presenting Author: Daniel Lachant, MD
    Abstract: Changes in Cardiac Effort in Pulmonary Hypertension-Interstitial Lung Disease: Insights From the ASCENT Trial

    Poster Discussion Session: Poster Board #1464
    Date and time: Tuesday, May 20, 2025 from 11:30 a.m. – 1:15 p.m. PT
    Presenting Author: Rodolfo Estrada, MD
    Abstract: Transitioning From Parenteral Treprostinil to LIQ861 in a Patient With PAH

    Following the presentations, each poster will be available on the Publications page of Liquidia’s website at https://liquidia.com/publications.

    About YUTREPIA™ (treprostinil) Inhalation Powder 
    YUTREPIA is an investigational, inhaled dry-powder formulation of treprostinil delivered through a convenient, low-effort, palm-sized device. In August 2024, the FDA issued tentative approval of YUTREPIA for the PAH and PH-ILD indications. YUTREPIA was designed using Liquidia’s PRINT® technology, which enables the development of drug particles that are precise and uniform in size, shape and composition, and that are engineered for enhanced deposition in the lung following oral inhalation. Liquidia has completed INSPIRE, or Investigation of the Safety and Pharmacology of Dry Powder Inhalation of Treprostinil, an open-label, multi-center phase 3 clinical study of YUTREPIA in patients diagnosed with PAH who are naïve to inhaled treprostinil or who are transitioning from Tyvaso® (nebulized treprostinil). YUTREPIA is currently being studied in the ASCENT trial, an Open-Label Prospective Multicenter Study to Evaluate Safety and Tolerability of Dry Powder Inhaled Treprostinil in Pulmonary Hypertension, with the objective of informing YUTREPIA’s dosing and tolerability profile in patients with PH-ILD. YUTREPIA was previously referred to as LIQ861 in investigational studies.

    About Liquidia Corporation
    Liquidia Corporation is a biopharmaceutical company developing innovative therapies for patients with rare cardiopulmonary disease. The company’s current focus spans the development and commercialization of products in pulmonary hypertension and other applications of its proprietary PRINT® Technology. PRINT enabled the creation of Liquidia’s lead candidate, YUTREPIA™ (treprostinil) inhalation powder, an investigational drug for the treatment of pulmonary arterial hypertension (PAH) and pulmonary hypertension associated with interstitial lung disease (PH-ILD). The company is also developing L606, an investigational sustained-release formulation of treprostinil administered twice-daily with a next-generation nebulizer, and currently markets generic Treprostinil Injection for the treatment of PAH. To learn more about Liquidia, please visit www.liquidia.com.

    Contact Information

    Investors:
    Jason Adair
    Chief Business Officer
    919.328.4350
    jason.adair@liquidia.com

    Media:
    Patrick Wallace
    Director, Corporate Communications
    919.328.4383
    patrick.wallace@liquidia.com

    The MIL Network –

    March 28, 2025

  • MIL-OSI: TransUnion Study Finds U.S. Data Breach Severity Reaches New High

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, March 27, 2025 (GLOBE NEWSWIRE) — Despite the volume of U.S. data breaches declining in 2024 from highs reached a year prior, data breach severity reached levels never seen since TransUnion’s measurement began in 2020. These findings were revealed as part of the newly-released TransUnion® (NYSE: TRU)  H1 2025 Update to the State of Omnichannel Fraud Report.

    In 2024, the number of primary data breaches dipped to 2,577 from 2,842 the year prior, while third-party data breaches fell precipitously to 515 from 2,731 in 2023. However, the severity of those data breaches increased by 34% from one year earlier, with the primary US Breach Risk Score (BRS)1 rising from 4.1 to 5.6 and third party rising from 4.2 to 5.2. Breach Risk Score is measured on a 1–10 scale, where 1 represents the least severe and 10 most.

    A primary data breach represents a direct attack on an organization. A third-party data breach, also known as a supply-chain attack, value-chain attack, or backdoor breach, is when an attacker accesses an entity’s network via third-party vendors or suppliers — payroll processing or medical billing, for instance.

    The study found that the 2024 U.S. data breaches targeted more high-quality credentials, and consumers reported being targeted by data harvesting scams in every channel, including email, text, phone and online. Exposed identity data enables cybercriminals to power automated, identity-based attacks on organizations and individuals more readily.

    “The reversal of the multi-year U.S. data breach growth is certainly a step in the right direction. However, the significant jump in data breach severity is a cause for concern,” said Steve Yin, global head of fraud at TransUnion. “Breach severity is a leading indicator of future fraud. This year’s growth in severity means organizations must be even more diligent moving forward and work even harder to defend against the oncoming identity fraud attacks such as those in account creations, social engineering scams, and account takeovers.”

    _______________
    1 The BRS is based on the quantity and severity of the particular identity credentials the affected entity determined to have been exposed.

    While U.S. Data Breach Volume Ticked Down in 2024, Data Breach Severity Reached Record Levels
     
      2020 2021 2022 2023 2024
    Volume
    Primary data Breaches 1,248 1,841 1,834 2,842 2,577
    Third-party data breaches 689 567 1,757 2,731 515
    Average Breach Risk Score
    Primary data Breaches 3.9 4.0 4.0 4.1 5.6
    Third-party data breaches 2.8 3.1 3.4 4.2 5.2
    Source: TransUnion TruEmpower™
     

    These data breaches played a key role in significant financial losses faced by consumers due to fraud. Among consumers TransUnion surveyed in 18 countries and regions in November and December 2024, 29% said they lost money due to online, email, phone or text message fraud in the last year. The newly-released TransUnion (NYSE: TRU) H1 2025 Update to the State of Omnichannel Fraud Report found that the median amount those consumers said they lost due to fraud in the past year was $1,747.

    Communities and Video Gaming Among Top Industries Targeted by Suspected Digital Fraud Globally
    Communities, which include venues such as online dating and forums, had the highest rate of suspected digital fraud2 attempts globally in 2024. Nearly 12% of all attempted communities transactions were suspected to be digital fraud last year. This is closely followed by video gaming (11%), with gaming (including online betting, poker, etc.) at 8% and retail (8%) rounding out the top four.

    The logistics industry, which has seen growth in shipping fraud (often perpetrated by organized crime rings), saw the greatest suspected digital fraud volume growth globally in 2024, up more than 100% over 2023. That being said, the fraud rate remains at a relatively modest 3%. Gaming also saw a significant year-over-year (YoY) volume change, up 20%. Telecommunications (-79%), insurance (-29%) and video gaming (-23%) saw the greatest decreases in suspected digital fraud volume YoY.

    “Digital fraud on community platforms is by no means a new phenomenon. However, in 2024, it appears that fraudsters targeted these areas with a renewed vigor,” said Richard Tsai, senior director of global fraud solutions at TransUnion. “Cybercriminals, taking advantage of the trust inherent on community-based platforms, targeted members with a wide range of scammer solicitations, the most reported type of digital fraud in communities.”

    For transactions where the consumer or fraudster was located in the U.S., gaming continues to see the highest suspected digital fraud rate. About 14% of attempted transactions were suspected to be digital fraud, roughly the same as 2023. This marks the fifth consecutive year since TransUnion began research on this metric five years ago, where 13% or more of attempted gaming transactions in the U.S. were suspected to be digital fraud.

    _______________
    2 The rate or percentage of suspected digital fraud attempts reflects those which TransUnion customers determined met one of the following conditions: 1) denial in real time due to fraudulent indicators, 2) denial in real time for corporate policy violations, 3) fraudulent upon customer investigation, or 4) a corporate policy violation upon customer investigation — compared to all transactions assessed. The country and regional analyses examined transactions in which the consumer or suspected fraudster was located in a select country or region when conducting a transaction. Global statistics represents every country worldwide and not just the select countries and regions.

    Communities Saw the Highest Suspected Digital Fraud Rates in 2024 Globally, While Logistics Saw the Greatest Volume Increase
         
    Industry Suspected digital fraud attempt rate 2024 Change in volume of suspected digital fraud attempts from 2023 to 2024
    Communities (online dating, forums, etc.) 11.6% +9%
    Video gaming 10.8% -23%
    Gaming (online sports betting, poker, etc.) 7.8% +20%
    Retail 7.6% -45%
    Financial services 4.9% +3%
    Telecommunications 3.0% -79%
    Logistics 2.6% +101%
    Insurance 2.0% -29%
    Government 1.7% +6%
    Travel & leisure 0.9% -38%
    Source: TransUnion TruValidate™
         

    As part of the same aforementioned consumer survey, 11% of U.S. respondents indicated that they were targeted by online, email, phone call or text messaging fraud from August to December 2024 and fell victim to it. Four in 10 respondents (41%) indicated that they were aware of being targeted, but did not fall victim. Among those able to identify being targeted, the most commonly reported fraud scheme in the U.S. was smishing. Smishing is a type of phishing that uses text messages to mislead people into giving away personal information. The term combines “SMS” and “phishing”.

    “While cybercriminals will attack at any time using any channel, they appear to focus on channels most popular in the regions they are targeting,” said Yin. “Text messaging remains incredibly popular in the U.S. and, among many demographic groups, is a far more ubiquitous way to communicate with mobile devices than phone calls. As such, it would stand to reason that smishing would be such a common fraud tactic among fraudsters targeting this region.”

    In contrast, nearly half of respondents (48%) indicated that they were not targeted by these types of fraud at all. This raises questions as to whether these respondents were in fact targeted, yet simply unaware.

    India and South Africa Saw the Greatest Percentage of Respondents Falling Victim to Digital Fraud in H2 2024
             
    Country Targeted and fell victim Targeted but didn’t fall victim Not targeted Most reported fraud scheme
    India 13% 41% 46% Identity theft
    South Africa 13% 55% 31% Phishing
    Dominican Republic 12% 24% 64% Vishing
    Kenya 11% 71% 19% Smishing
    Mexico 11% 31% 58% Stolen credit card
    Namibia 11% 52% 37% Vishing
    Philippines 11% 63% 26% Phishing
    Puerto Rico 11% 25% 63% Stolen credit card
    United States 11% 41% 48% Smishing
    Brazil 10% 30% 60% Vishing
    Rwanda 10% 57% 33% Money mule
    Spain 10% 25% 65% Phishing
    Canada 9% 47% 44% Phishing
    Chile 9% 30% 61% Vishing
    Colombia 9% 33% 58% Vishing
    Zambia 9% 70% 21% Smishing
    Hong Kong 6% 45% 48% Phishing
    United Kingdom 6% 44% 50% Phishing
    Source: TransUnion consumer survey
             

    TransUnion came to its conclusions about digital fraud and data breaches based on intelligence from TransUnion TruValidate and TruEmpower respectively.

    Specific country and regional data in the report include the United States, Botswana, Brazil, Canada, Chile, Colombia, the Dominican Republic, Guatemala, Hong Kong, India, Kenya, Mexico, Namibia, the Philippines, Puerto Rico, Rwanda, South Africa, Spain, the United Kingdom and Zambia. Download the TransUnion H1 2025 Update to the State of Omnichannel Fraud Report for more information and insights about the global fraud trends.

    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

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

    The MIL Network –

    March 28, 2025

  • MIL-OSI: Element and Arval Celebrate 30 Year Alliance with Release of New Insights Focused on the Future of Fleet and Mobility 

    Source: GlobeNewswire (MIL-OSI)

    • Fleet and mobility stakeholders continue their fleet electrification strategies, with 85 per cent of them now shifting their focus to charging solutions and strategies.
    • 91 per cent of companies anticipate their fleet will either remain stable or grow in the next three years. 
    • Nearly half of the companies recognize that mobility policies and solutions are important levers for talent acquisition and employee retention.

    TORONTO, March 27, 2025 (GLOBE NEWSWIRE) — Element Fleet Management Corp. (TSX:EFN) (“Element” or the “Company”), the largest publicly traded, pure-play automotive fleet manager in the world, together with global alliance partner, Arval, a major player in vehicle leasing and specialist in mobility solutions, are marking the 30th anniversary of the Element-Arval Global Alliance (“EAGA” or the “Alliance”) with new insights published in the 2025 Fleet and Mobility Barometer.

    “Our global alliance uniquely offers our fleet and mobility customers the expertise and relationship management needed to deploy strategies across 55 different countries, ensuring solutions meet local needs and maintain very high quality standards,” says Bart Beckers, Chief Commercial Officer of Arval. “The Element-Arval Global Alliance purpose is to support and assist our international clients to successfully build and run their global fleet strategy.“

    For 30 years the EAGA has been a global leader within fleet and mobility management. To expand its presence in additional geographies, notably in Asia, the Alliance welcomed Sumitomo Mitsui Auto Service (SMAS) in 2023 and now counts eight members. With presence in 55 countries and the Alliance Members managing 4.5 million vehicles, the Alliance delivers comprehensive expertise and resources to empower their international clients across the globe, helping them to manage their fleets at a strategic, tactical, and operational level.

    “We greatly value the extensive relationship we’ve built with Arval and are proud that our global Alliance remains the longest standing across fleet and mobility,” says David Madrigal, Executive Vice President and Chief Commercial Officer. “The insights captured within the annual Fleet and Mobility Barometer we’ve produced together represent one of the many ways we leverage our partnership, shared expertise, and extensive global presence to deliver comprehensive, scalable, and tailored solutions to meet our clients’ needs across the globe.”

    The Fleet and Mobility Barometer (the “Barometer”) is an industry-leading annual publication of the Arval Mobility Observatory and Element-Arval Global Alliance, offering a robust and detailed look into evolving industry trends, and providing country-specific insights, deep-dive policy considerations, as well as industry-leading benchmarking. This year’s report addresses three main areas of fleet and mobility transformation: environmental sustainability, cost efficiency, and employee satisfaction.

    Key insights from the Barometer include:

    1. Companies are overwhelmingly prioritizing environmental sustainability through fleet electrification, with 85 per cent of the companies interviewed having a charging policy or planning to have one in the future. The report also highlights the varying rates of electrification between passenger cars and Light Commercial Vehicles (LCVs), with Europe leading the trend.
    2. Cost efficiency is being observed through innovative methods such as full-service leasing. Despite persistent economic and geopolitical challenges, 91 per cent of companies anticipate their fleet will either remain stable or grow in the next three years.
    3. Employee satisfaction is now at the centre of mobility and fleet transformation, with 45 per cent of companies mentioning human resource needs as the main reason for developing employee mobility policies and solutions. The report emphasizes the key role of telematics and connected vehicle technologies for promoting responsible driving, improving driver behavior, and reducing accidents.

    Initiated by the Arval Mobility Observatory nearly 20 years ago, Element joined the global Barometer in 2023 to expand benchmarking capabilities to include trends across the United States, Canada, Mexico, Australia, and New Zealand. This year’s benchmarking survey involves more than 8,000 interviews with corporate fleet decision-makers across 28 countries and provides a forward-looking perspective on the next three years. 

    To read more about the Element-Arval Global Alliance and the 2025 Fleet and Mobility Barometer, visit Global Fleet Management Solutions | Element-Arval Global Alliance – Element Arval.

    About Element Fleet Management
    Element Fleet Management (TSX: EFN) is the largest publicly traded pure-play automotive fleet manager in the world. As a Purpose-driven company, we provide a full range of sustainable and intelligent mobility solutions to optimize and enhance fleet performance for our clients across North America, Australia, and New Zealand. Our services address every aspect of our clients’ fleet requirements, from vehicle acquisition, maintenance, route optimization, risk management, and remarketing, to advising on decarbonization efforts, integration of electric vehicles and managing the complexity of gradual fleet electrification. Clients benefit from Element’s expertise as one of the largest fleet solutions providers in its markets, offering economies of scale and insight used to reduce operating costs and enhance efficiency and performance. At Element, we maximize our clients’ fleet so they can focus on growing their business. For more information, please visit: www.elementfleet.com

    About Arval:
    Arval is a major actor in full-service vehicle leasing and a specialist in mobility solutions founded in 1989. Arval is fully owned by BNP Paribas and positioned within the Group’s Commercial, Personal Banking & Services division. Arval was leasing nearly 1.8 million vehicles as of the end of 2024. Every day, nearly 8,600 Arval employees in 29 countries offer flexible solutions to make journeys seamless and sustainable for its customers, ranging from large international corporate groups to smaller companies and private customers.

    Arval is a founding member of the Element-Arval Global Alliance. The fleets of all the Alliance members represent more than 4.5 million vehicles in 55 countries.

    Arval has been rewarded with the highest level of the EcoVadis medal, the platinum level, placing its CSR strategy in the Top 1% of the companies assessed.
    www.arval.com

    About BNP Paribas:
    Leader in banking and financial services in Europe, BNP Paribas operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Türkiye, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.
    https://group.bnpparibas/en/

    This press release contains certain forward-looking statements and forward-looking information regarding Element, its business and the fleet industry, which are based upon Element’s current expectations, estimates, projections, assumptions and beliefs. In some cases, words such as “plan”, “expect”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “could”, “predict”, “project”, “model”, “forecast”, “will”, “potential”, “target, “by”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur are intended to identify forward-looking statements and forward-looking information. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in the forward-looking statements or information. Forward-looking statements and information in this news release may include, but are not limited to, statements with respect to, among other things, the Company’s expectations regarding new product offerings, including the benefits of the products, client demand and profitability, the Company’s ability to execute on its product plans, and the Company’s expectations regarding the risk and insurance industries. By their nature, these statements require us to make assumptions and are subject to inherent risks and uncertainties that may be general or specific, which give rise to the possibility that our predictions, forecasts, projections, expectations or conclusions will not prove to be accurate, that our assumptions may not be correct. External factors outside of Element’s reasonable control may impact our ability to achieve our goals and expectations, including industry dynamics, legislation and regulatory actions, the failure of third parties to comply with their obligations to us and our affiliates or associates, client decisions and preferences. These and other factors may cause actual results to differ materially from the expectations expressed in the forward-looking statements and may require Element to adjust its initiatives and activities. The forward-looking statements in this news release speak only as of the date hereof and are presented for the purpose of assisting our stakeholders and others in understanding our objectives and strategic priorities and may not be appropriate for other purposes. We do not undertake to update any forward-looking statement except as required by law. In addition, a discussion of some of the material risks affecting Element and its business appears under the heading “Risk Management & Risk Factors” in Element’s Management Discussion and Analysis for the twelve-month period ended December 31, 2023 and the three and nine-month period ended September 30, 2024, and under the heading “Risk Factors” in Element’s Annual Information Form for the year ended December 31, 2023, as well as Element’s other filings with the Canadian securities regulatory authorities, which have been filed on SEDAR+ and can be accessed on Element’s profile on www.sedarplus.com.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fa484c54-9cb4-4c81-835c-d59ab8841d95

    The MIL Network –

    March 28, 2025

  • MIL-OSI: Primech Holdings Limited Provides Financial Updates and Corporate Highlights For the Six Months Ended September 30, 2024

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 27, 2025 (GLOBE NEWSWIRE) — Primech Holdings Limited (the “Company”) (Nasdaq: PMEC), an established technology-driven facilities services provider in the public and private sectors operating mainly in Singapore, provides a financial and corporate update coincident with the filing of the Company’s financial results for the six months ended September 30, 2024.

    Financial Highlights:

    • Revenue was approximately $36.9 million for the six months ended September 30, 2024, representing a 5.1% increase from the same period in 2023;
    • Gross Profit Margin increased from 16.4% for the six months ended September 30, 2023, to 22.5% for the six months ended September 30, 2024;
    • Sales and marketing expenses increased from approximately $11,000 for the six months ended September 30, 2023 to approximately $1.4 million for the six months ended September 30, 2024.
    • Loss from operations was approximately $0.9 million for the six months ended September 30, 2024, while profit from operations was approximately $0.3 million for the six months ended September 30, 2023.
    • Net loss was approximately $1.3 million for the six months ended September 30, 2024, while net income was approximately $0.2 million for the six months ended September 30, 2023.

    Operational and Corporate Highlights:

    • Primech launched Primech AI as an operating subsidiary focused on creating robotic-based solutions to meet the growing demand for efficient and autonomous cleaning technology. With patents pending, Primech AI is developing HYTRON, a fully autonomous AI-powered toilet cleaning robot featuring 3D-cleaning and electrolyzed water for enhanced efficiency. Primech AI showcased its HYTRON robot at the 2024 CleanEnviro Summit Singapore (CESG) in June, generating significant industry interest.
    • Primech’s subsidiary, Primech A & P Pte. Ltd., was nominated as a finalist for The Singapore Apex Corporate Sustainability Awards in the “LowCarbonSG” category. This recognition acknowledges the Company’s achievement of at least 5% improvement in Scope 1 and 2 carbon emissions over 24 months through strategic initiatives.

    Management Commentary:

    Kin Wai Ho, CEO of Primech Holdings Limited, commented, “While our financial results for this period reflect the significant investments we are making in technology and market development, we believe these strategic initiatives position us for substantial long-term growth and enhanced shareholder value. The increased marketing expenses reflect our commitment to expanding our market presence and promoting our innovative solutions, particularly our AI-powered cleaning technologies.”

    About Primech Holdings Limited
    Headquartered in Singapore, Primech Holdings Limited is a leading provider of comprehensive technology-driven facilities services, predominantly serving both public and private sectors throughout Singapore. Primech Holdings offers an extensive range of services tailored to meet the complex demands of its diverse clientele. Services include advanced general facility maintenance services, specialized cleaning solutions such as marble polishing and facade cleaning, meticulous stewarding services, and targeted cleaning services for offices and homes. Known for its commitment to sustainability and cutting-edge technology, Primech Holdings integrates eco-friendly practices and smart technology solutions to enhance operational efficiency and client satisfaction. This strategic approach positions Primech Holdings as a leader in the industry and a proactive contributor to advancing industry standards and practices in Singapore and beyond. For more information, visit www.primechholdings.com.    

    About Primech AI
    Primech AI is a leading robotics company dedicated to pushing the boundaries of innovation in technology. With a team of passionate individuals and a commitment to collaboration, Primech AI is poised to revolutionize the robotics industry with groundbreaking solutions that make a meaningful impact on society. For more information, visit www.primech.ai.

    Forward-Looking Statements
    Certain statements in this announcement are forward-looking statements, including, for example, statements about completing the acquisition, anticipated revenues, growth, and expansion. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. These forward-looking statements are also based on assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future. Investors can find many (but not all) of these statements by the use of words such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will be correct. The Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    Company Contact:
    Email: ir@primech.com.sg

    Investor Relations Contact:        
    Matthew Abenante, IRC
    President                                        
    Strategic Investor Relations, LLC                                         
    Tel: 347-947-2093
    Email: matthew@strategic-ir.com

    The MIL Network –

    March 28, 2025

  • MIL-OSI Africa: Congo’s Hydrocarbons Minister Endorses Congo Energy & Investment Forum (CEIF) 2026, Eyes 500,000 bpd Production Target

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

    BRAZZAVILLE, Congo (Republic of the), March 27, 2025/APO Group/ —

    H.E. Bruno Jean-Richard Itoua, Minister of Hydrocarbons of the Republic of Congo, has endorsed the continuation of the Congo Energy & Investment Forum (CEIF) through 2026, emphasizing its role in supporting the country’s ambitious production targets. During a Fireside Chat with Daisy Portella at the Congo Energy & Investment Forum 2025, Minister Itoua said, “Considering Congo’s objective to reach 500,000 barrels per day in the next three years, I want CEIF to be held annually for the next three years.”

    Minister Itoua also announced plans to revise the 2016 Hydrocarbons Code to make it more attractive and modern. Minister Itoua announced that the revision is part of the ministry’s strategy to enhance oil production by developing marginal fields. “We are working on revisiting the 2016 Hydrocarbons Code to modernize it and make it more attractive,” he stated.

    Discussing marginal fields, he outlined opportunities for local companies. “Marginal fields provide immediate cash flow. They require only minimal additional investment and are within the reach of national companies. “With the African Petroleum Producers Organization countries, we are considering this approach. Once we master this, we can move on to exploration.” He encouraged local players’ participation, adding, “We want to see national companies become true industrial players. There are opportunities for national oil companies to partner and grow.”

    Minister Itoua shared the same objective for the Société Nationale des Pétroles du Congo (SNPC), stating, “SNPC holds some marginal fields, such as Konkuala. I want to see SNPC become the Perenco of Congo. I intend to propose new offshore marginal fields to SNPC.”

    As part of this strategy, Minister Itoua plans to launch a new licensing round soon to attract investment in deepwater, marginal fields, and gas assets. “There may be a session soon to launch the new licensing round with Energy Capital & Power. We want to give access to deepwater acreage, some marginal fields, and a special bid round focused on gas,” he stated.

    The Minister also emphasized the growing importance of gas in the country’s energy strategy. “We have accelerated the adoption of a gas code and we intend to create the Office Congolais du Gaz to serve as a local intermediary for stakeholders in the gas value chain,” he said. “We are ready to discuss and support any gas project.”

    Minister Itoua sees gas as a transition fuel that will enable Congo to achieve energy security while highlighting the continued need for fossil fuels. “Studies show that until 2040, the global energy mix will still require 40% fossil energy,” he noted. “Africa is working for the world, and gas is now recognized as the ideal transition fuel.”

    MIL OSI Africa –

    March 28, 2025

  • MIL-OSI USA: Gross Domestic Product, 4th Quarter and Year 2024 (Third Estimate), GDP by Industry, and Corporate Profits

    Source: US Bureau of Economic Analysis

    Real gross domestic product (GDP) increased at an annual rate of 2.4 percent in the fourth quarter of 2024 (October, November, and December), according to the third estimate released by the U.S. Bureau of Economic Analysis. In the third quarter, real GDP increased 3.1 percent.

    The increase in real GDP in the fourth quarter primarily reflected increases in consumer spending and government spending that were partly offset by a decrease in investment. Imports, which are a subtraction in the calculation of GDP, decreased.

    Real GDP was revised up 0.1 percentage point from the second estimate, primarily reflecting a downward revision to imports. For more information, refer to the “Technical Notes” below.

    Compared to the third quarter, the deceleration in real GDP in the fourth quarter primarily reflected downturns in investment and exports that were partly offset by an acceleration in consumer spending. Imports turned down.

    From an industry perspective, the increase in real GDP reflected an increase of 2.3 percent in real value added for private goods-producing industries, an increase of 2.4 percent for private services-producing industries, and an increase of 2.7 percent for government.

    Real gross output increased 1.7 percent in the fourth quarter, reflecting an increase of 0.3 percent for private goods-producing industries, an increase of 2.0 percent for private services-producing industries, and an increase of 3.1 percent for government.

    The price index for gross domestic purchases increased 2.2 percent in the fourth quarter, revised down 0.1 percentage point from the previous estimate. The personal consumption expenditures (PCE) price index increased 2.4 percent, the same as previously estimated. Excluding food and energy prices, the PCE price index increased 2.6 percent, revised down 0.1 percentage point from the previous estimate.

    Real gross domestic income (GDI) increased 4.5 percent in the fourth quarter compared with an increase of 1.4 percent in the third quarter.

    Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $204.7 billion in the fourth quarter, in contrast to a decrease of $15.0 billion in the third quarter.

    Real GDP and Related Measures
    (Percent change from Q3 to Q4)
      Advance Estimate Second Estimate Third Estimate
    Real GDP 2.3 2.3 2.4
    Current-dollar GDP 4.5 4.8 4.8
    Real GDI … … 4.5
    Average of Real GDP and Real GDI … … 3.5
    Gross domestic purchases price index 2.2 2.3 2.2
    PCE price index 2.3 2.4 2.4
    PCE price index excluding food and energy 2.5 2.7 2.6

    GDP and Related Measures for 2024

    Real GDP increased 2.8 percent in 2024 (from the 2023 annual level to the 2024 annual level), the same as previously estimated. The increase in real GDP in 2024 reflected increases in consumer spending, investment, government spending, and exports. Imports increased.

    From an industry perspective in 2024, private goods-producing industries increased 3.4 percent, private services-producing industries increased 2.8 percent, and government increased 1.9 percent.

    The price index for gross domestic purchases increased 2.4 percent in 2024, the same as previously estimated. The PCE price index increased 2.5 percent and the PCE price index excluding food and energy prices increased 2.8 percent, both the same as previously estimated.

    Real gross domestic income (GDI) increased 3.0 percent in 2024, compared with an increase of 1.7 percent in 2023.

    Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $281.3 billion in 2024, compared with an increase of $229.8 billion in 2023.

    For definitions, statistical conventions, updates to GDP, and more, visit “Additional Information.”

    Next release: April 30, 2025, at 8:30 a.m. EDT
    Gross Domestic Product (Advance Estimate)
    1st Quarter 2025

    Technical Notes

    Sources of revisions to real GDP in the third estimate

    Real GDP increased at an annual rate of 2.4 percent (0.6 percent at a quarterly rate1), an upward revision of 0.1 percentage point from the previous estimate, primarily reflecting a downward revision to imports that was partly offset by a downward revision to consumer spending.

    • For imports, the revision was led by services (notably, charges for the use of intellectual property as well as financial services), primarily reflecting updated data from BEA’s International Transactions Accounts.
    • The downward revision to consumer spending reflected a downward revision to services that was partly offset by an upward revision to goods.
      • Within services, the downward revision was led by final consumption expenditures of nonprofit institutions (led by nonprofit hospitals), based primarily on new and revised data from the Census Bureau Quarterly Services Survey.
      • Within goods, the upward revision was led by other nondurable goods and motor vehicles and parts, based on revised Census Bureau Monthly Retail Trade Survey data.

    More information on the source data and BEA assumptions that underlie the fourth-quarter estimate is shown in the key source data and assumptions table.

    1Percent changes in quarterly seasonally adjusted series are displayed at annual rates, unless otherwise specified. For more information, refer to the FAQ Why does BEA publish percent changes in quarterly series at annual rates?.  .

    MIL OSI USA News –

    March 28, 2025

  • MIL-OSI USA: Justice Department Launches Anticompetitive Regulations Task Force

    Source: US State of California

    Task Force Invites Public Input Targeting Red Tape that Hinders Free Market Competition

    Today, the Justice Department launches an Anticompetitive Regulations Task Force to advocate for the elimination of anticompetitive state and federal laws and regulations that undermine free market competition and harm consumers, workers, and businesses. The Antitrust Division has a long history of advocacy against laws and regulations that create unnecessary barriers to competition.  The Task Force will surge resources to these efforts and invite public comments to support the Administration’s mission to unwind laws and regulations that hinder business dynamism and make markets less competitive.    

    “Realizing President Trump’s economic Golden Age will require unwinding burdensome regulations that stifle free market competition. This Antitrust Division will stand against harmful barriers to competition whether imposed by public regulators or private monopolists,” said Assistant Attorney General Abigail Slater of the Justice Department’s Antitrust Division. “We look forward to working with the public and with other federal agencies to identify and eliminate anticompetitive laws and regulations.”

    On Jan. 31, President Trump signed Executive Order 14192 declaring “the policy of the executive branch” to be that federal agencies should “alleviate unnecessary regulatory burdens placed on the American people.” Consistent with this policy, on Feb. 19, President Trump signed Executive Order 14219 directing agencies to “initiate a process to review all regulations” and identify regulations that, among other things, “impose undue burdens on small businesses and impede private enterprise and entrepreneurship.” Consistent with longstanding practice, the Antitrust Division will support federal agencies’ deregulatory initiatives by sharing its market expertise on regulations that pose the greatest barriers to economic growth.

    Regulatory capture is a well-studied phenomenon in which agencies become “captured” by special interests and big businesses, rather than serving the interests of the American people. But when regulations serve the few and impose undue burdens on small businesses, private enterprise, and entrepreneurs, they also harm competition and ultimately hurt American consumers, workers, and businesses. For example, regulations can increase compliance costs, preventing businesses from competing on a level playing field with powerful corporations. Regulations can also discourage or even intentionally prohibit small businesses and new products from entering markets and lowering prices for American families. In contrast, eliminating unnecessary anticompetitive regulations makes it easier for businesses to compete. More competition empowers the American people — not government regulators — to drive economic progress and innovation. When every American has a fair opportunity to enjoy the benefits of competitive free markets, every American has an opportunity to realize the American dream.

    By identifying and working with state and federal agencies to revise or eliminate these laws and regulations, the Anticompetitive Regulations Task Force will contribute to making the American dream a reality. As a first step, the Antitrust Division will initiate a public inquiry to identify unnecessary laws and regulations that raise the highest barriers to competition. In particular, the Division will seek information from the public about laws and regulations that make it more difficult for businesses to compete effectively, especially in markets that have the greatest impact on American households, including:

    • Housing: Americans spend more than one-third of their monthly income on housing, and the cost of owning or renting a home continues to rise. Laws and regulations in housing markets can contribute to these problems by making it more difficult for companies to build and ordinary Americans to rent or buy.
    • Transportation: Laws and regulations in areas like airlines, rail, and ocean shipping can grant antitrust immunities, outright monopolies, or safe harbors for conduct that undermines competition. As a result, Americans pay more for travel, fuel, and a variety of other products.
    • Food and Agriculture: By the end of the Biden-Harris Administration, grocery prices were 27% higher than at the end of the first Trump Administration. Eliminating unnecessary anticompetitive regulations will help farmers, growers, and ranchers increase the amount of food they produce and unlock lower prices for American consumers.
    • Healthcare: Laws and regulations in healthcare markets too often discourage doctors and hospitals from providing low-cost, high-quality healthcare and instead encourage overbilling and consolidation. These kinds of unnecessary anticompetitive regulations put affordable healthcare out of reach for millions of American families.
    • Energy: Reliable and affordable energy is essential to modern American life — whether in homes, businesses, manufacturing plants, schools, hospitals, sporting events, or data centers. Laws and regulations can undermine reliability and affordability by protecting incumbent electricity providers from competition or disruptive innovation.

    The public will have 60 days to submit comments at Regulations.gov, no later than May 26. Once submitted, comments will be posted to Regulations.gov. All market participants are invited to provide comments in response to this inquiry, including consumers, consumer advocates, small businesses, employers, trade groups, industry analysts, and other entities that are impacted by anticompetitive state or federal laws and regulations.

    In addition to reviewing responses from the public, the Task Force will bring together attorneys, economists, and other staff from across the Division, together with interagency partners, to identify state and federal laws and regulations that unnecessarily harm competition. The Antitrust Division will then take appropriate action, including helping agencies revise or eliminate these regulations.

    The Task Force will also consider other ways to advocate for the removal of anticompetitive laws and regulations. The Division routinely files amicus briefs and statements of interests in private litigation, and it will continue to do so to promote competition and oppose anticompetitive laws and regulations. The Division also provides comments on proposed legislation in the states on the request of state legislators. These efforts will continue with an eye toward protecting competition and interstate commerce in light of dormant Commerce Clause principles.

    The Justice Department has a long history of serving as the Executive Branch’s chief competition advocate by working with agencies to identify and eliminate unnecessary regulations. In 2018, the Justice Department released a report on how regulations can harm competition. Following this report, the Justice Department submitted dozens of comments to federal agencies supporting efforts to eliminate unnecessary regulations and increase competition. For example, the Justice Department, in consultation with the Federal Trade Commission, submitted a comment opposing  regulations that would have protected incumbent electricity transmission companies from much-needed competition in energy markets across the country. The Justice Department filed comments aimed at making it easier for individuals and small businesses to navigate the federal government bureaucracy. The Justice Department also provided technical assistance and trainings to federal agencies to help them analyze how new and existing regulations might affect competition, or whether competition may be a better alternative to regulation altogether.

    The Anticompetitive Regulations Task Force will continue these efforts, supporting ongoing efforts across the Trump Administration to unleash competition by eliminating unnecessary, burdensome, and wasteful government regulations. For more information on the Task Force, including contact information, see the Anticompetitive Regulations Task Force page on the Division’s website.

    FOR FURTHER INFORMATION CONTACT: AnticompetitiveRegulations@usdoj.gov.

    MIL OSI USA News –

    March 28, 2025

  • MIL-OSI Security: Justice Department Launches Anticompetitive Regulations Task Force

    Source: United States Attorneys General 1

    Task Force Invites Public Input Targeting Red Tape that Hinders Free Market Competition

    Today, the Justice Department launches an Anticompetitive Regulations Task Force to advocate for the elimination of anticompetitive state and federal laws and regulations that undermine free market competition and harm consumers, workers, and businesses. The Antitrust Division has a long history of advocacy against laws and regulations that create unnecessary barriers to competition.  The Task Force will surge resources to these efforts and invite public comments to support the Administration’s mission to unwind laws and regulations that hinder business dynamism and make markets less competitive.    

    “Realizing President Trump’s economic Golden Age will require unwinding burdensome regulations that stifle free market competition. This Antitrust Division will stand against harmful barriers to competition whether imposed by public regulators or private monopolists,” said Assistant Attorney General Abigail Slater of the Justice Department’s Antitrust Division. “We look forward to working with the public and with other federal agencies to identify and eliminate anticompetitive laws and regulations.”

    On Jan. 31, President Trump signed Executive Order 14192 declaring “the policy of the executive branch” to be that federal agencies should “alleviate unnecessary regulatory burdens placed on the American people.” Consistent with this policy, on Feb. 19, President Trump signed Executive Order 14219 directing agencies to “initiate a process to review all regulations” and identify regulations that, among other things, “impose undue burdens on small businesses and impede private enterprise and entrepreneurship.” Consistent with longstanding practice, the Antitrust Division will support federal agencies’ deregulatory initiatives by sharing its market expertise on regulations that pose the greatest barriers to economic growth.

    Regulatory capture is a well-studied phenomenon in which agencies become “captured” by special interests and big businesses, rather than serving the interests of the American people. But when regulations serve the few and impose undue burdens on small businesses, private enterprise, and entrepreneurs, they also harm competition and ultimately hurt American consumers, workers, and businesses. For example, regulations can increase compliance costs, preventing businesses from competing on a level playing field with powerful corporations. Regulations can also discourage or even intentionally prohibit small businesses and new products from entering markets and lowering prices for American families. In contrast, eliminating unnecessary anticompetitive regulations makes it easier for businesses to compete. More competition empowers the American people — not government regulators — to drive economic progress and innovation. When every American has a fair opportunity to enjoy the benefits of competitive free markets, every American has an opportunity to realize the American dream.

    By identifying and working with state and federal agencies to revise or eliminate these laws and regulations, the Anticompetitive Regulations Task Force will contribute to making the American dream a reality. As a first step, the Antitrust Division will initiate a public inquiry to identify unnecessary laws and regulations that raise the highest barriers to competition. In particular, the Division will seek information from the public about laws and regulations that make it more difficult for businesses to compete effectively, especially in markets that have the greatest impact on American households, including:

    • Housing: Americans spend more than one-third of their monthly income on housing, and the cost of owning or renting a home continues to rise. Laws and regulations in housing markets can contribute to these problems by making it more difficult for companies to build and ordinary Americans to rent or buy.
    • Transportation: Laws and regulations in areas like airlines, rail, and ocean shipping can grant antitrust immunities, outright monopolies, or safe harbors for conduct that undermines competition. As a result, Americans pay more for travel, fuel, and a variety of other products.
    • Food and Agriculture: By the end of the Biden-Harris Administration, grocery prices were 27% higher than at the end of the first Trump Administration. Eliminating unnecessary anticompetitive regulations will help farmers, growers, and ranchers increase the amount of food they produce and unlock lower prices for American consumers.
    • Healthcare: Laws and regulations in healthcare markets too often discourage doctors and hospitals from providing low-cost, high-quality healthcare and instead encourage overbilling and consolidation. These kinds of unnecessary anticompetitive regulations put affordable healthcare out of reach for millions of American families.
    • Energy: Reliable and affordable energy is essential to modern American life — whether in homes, businesses, manufacturing plants, schools, hospitals, sporting events, or data centers. Laws and regulations can undermine reliability and affordability by protecting incumbent electricity providers from competition or disruptive innovation.

    The public will have 60 days to submit comments at Regulations.gov, no later than May 26. Once submitted, comments will be posted to Regulations.gov. All market participants are invited to provide comments in response to this inquiry, including consumers, consumer advocates, small businesses, employers, trade groups, industry analysts, and other entities that are impacted by anticompetitive state or federal laws and regulations.

    In addition to reviewing responses from the public, the Task Force will bring together attorneys, economists, and other staff from across the Division, together with interagency partners, to identify state and federal laws and regulations that unnecessarily harm competition. The Antitrust Division will then take appropriate action, including helping agencies revise or eliminate these regulations.

    The Task Force will also consider other ways to advocate for the removal of anticompetitive laws and regulations. The Division routinely files amicus briefs and statements of interests in private litigation, and it will continue to do so to promote competition and oppose anticompetitive laws and regulations. The Division also provides comments on proposed legislation in the states on the request of state legislators. These efforts will continue with an eye toward protecting competition and interstate commerce in light of dormant Commerce Clause principles.

    The Justice Department has a long history of serving as the Executive Branch’s chief competition advocate by working with agencies to identify and eliminate unnecessary regulations. In 2018, the Justice Department released a report on how regulations can harm competition. Following this report, the Justice Department submitted dozens of comments to federal agencies supporting efforts to eliminate unnecessary regulations and increase competition. For example, the Justice Department, in consultation with the Federal Trade Commission, submitted a comment opposing  regulations that would have protected incumbent electricity transmission companies from much-needed competition in energy markets across the country. The Justice Department filed comments aimed at making it easier for individuals and small businesses to navigate the federal government bureaucracy. The Justice Department also provided technical assistance and trainings to federal agencies to help them analyze how new and existing regulations might affect competition, or whether competition may be a better alternative to regulation altogether.

    The Anticompetitive Regulations Task Force will continue these efforts, supporting ongoing efforts across the Trump Administration to unleash competition by eliminating unnecessary, burdensome, and wasteful government regulations. For more information on the Task Force, including contact information, see the Anticompetitive Regulations Task Force page on the Division’s website.

    FOR FURTHER INFORMATION CONTACT: AnticompetitiveRegulations@usdoj.gov.

    MIL Security OSI –

    March 28, 2025

  • MIL-OSI Africa: Appointment of Dr. Khalid Khalafalla as Acting Chief Executive Officer of Islamic Corporation for the Development of the Private Sector (ICD)

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

    JEDDAH, Saudi Arabia, March 27, 2025/APO Group/ —

    The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IsDB) Group, is pleased to announce that its Board of Directors has approved the appointment of Dr. Khalid Khalafalla as Acting Chief Executive Officer (CEO), effective 19 March 2025. 

    Dr. Khalafalla brings extensive experience from his career within the IsDB Group. Since December 2024, he has been serving as CEO of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).   

    The Chairman of ICD’s Board of Directors, congratulated Dr. Khalafalla on his appointment and expressed the Board’s full confidence and support as he takes on this important responsibility. 

    MIL OSI Africa –

    March 28, 2025
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