NewzIntel.com

Category: Transport

  • MIL-OSI Asia-Pac: Parliament Question: Accessibility for Disabled People

    Source: Government of India (2)

    Posted On: 11 FEB 2025 1:50PM by PIB Delhi

    The Government of India has taken several measures to promote the cause of accessibility for Divyangjans in different public transportation systems. So far, all 35 International Airports and 55 Domestic Airports have been provided with accessibility facilities like Ramps, Toilets and Lifts. 709 A1, A and B categories of Railway Stations have been provided with many short-term facilities like Ramps, Toilets, Lifts, Helpdesk, Parking, Non-slippery walkways, Drinking Water facilities). As many as 42,000 and more buses have been made partially accessible and 8695 buses are fully accessible. Out of 3533 bus stations, 3120 have been made accessible across the country.

    Under the Accessible India Campaign, Central Government conducted access audit of State/UT Government owned Public Buildings and provided financial assistance to State/UT Governments for making 1314 buildings accessible. In addition, Central Public Works Department, Government of India has retrofitted 211 Ministry of Housing and Urban Affairs (MoHUA)-owned buildings and 889 buildings of other Departments/ Ministries maintained by CPWD.

    To ensure incorporation of accessibility features several Ministries/Departments have taken many measures. Ministry of Road Transport and Highways (MoRTH) vide GSR 287(E) , GSR 367(E) , GSR 959(E) etc., notified AIS-052-Code for accessible Bus Body Design which contains special provisions for Disabled Passengers such as priority seats for persons with disabilities, seats designated for disabled passengers with appropriate sign(s), priority seats to be provided with appropriate facility for securing crutches, canes, walkers etc. to facilitate convenient travel for persons with disabilities with provision of handrails and / or stanchions. GSR 959 (E) mandates the verification provisions regarding accessibility features at the time of fitness certification. GSR 240 (E) notified the provision required for Alteration to Motor Vehicle for conversion into Adapted Vehicle.

    Indian Railways has also notified ‘Guidelines on accessibility of Indian Railway Stations and facilities at stations for differently abled persons (Divyangjans) and passengers with reduced mobility’, which has provisions of facilities for Divyangjans and passengers with reduced mobility such as entrance ramps, accessible parking, low height ticket counter/help booths, toilets, drinking water booth, sub-ways/foot over bridges with ramps/lifts, standard signages including Braille signages and tactile pathways for visual impairment, etc.

    Ministry of Housing and Urban Affairs, in the Metro/RRTS projects have designed user-friendly mass transport system which can ensure accessibility to persons with disabilities, as well as people with temporary mobility problems and the elderly persons. The design standards for Metro/RRTS facilitates universal access to Public Transport Infrastructure including related facilities and services, information, etc. benefitting the people using public transport.

    PM-eBus Sewa Tender specifies accessibility features and equipment as per AIS 052 & AIS 153 so as to deploy 100% 12m & 9m Buses with accessibility features including wheelchair accessibility.

    The National Institute of Labour Economics Research and Development conducted the review of the implementation of Accessible India Campaign as a third-party evaluation. Some key findings of this evaluation were:

    · During the study, it was seen that 80.51% of the buildings were funded for retrofitting.

    · The campaign covered major government buildings across the country.

    · A positive attitudinal change was observed amongst government functionaries and general public towards the right of persons with disabilities to safe and easy access to public places due to this campaign.

    This information was provided by UNION MINISTER OF STATE FOR SOCIAL JUSTICE AND EMPOWERMENT, SHRI B.L. VERMA, in a written reply to a question in Lok Sabha today.

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    VM

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Results of monthly survey on business situation of small and medium-sized enterprises for January 2025

    Source: Hong Kong Government special administrative region

         The Census and Statistics Department (C&SD) released today (February 11) the results of the Monthly Survey on Business Situation of Small and Medium-sized Enterprises (SMEs) for January 2025.
     
         The current diffusion index (DI) on business receipts amongst SMEs decreased from 43.9 in December 2024 in the contractionary zone to 43.1 in January 2025, whereas the one-month’s ahead (i.e. February 2025) outlook DI on business receipts was 43.8. Analysed by sector, the current DIs on business receipts for many surveyed sectors dropped in January 2025 as compared with previous month, particularly for the logistics (from 42.4 to 38.5) and business services (from 48.4 to 45.6).
           
         The current DI on new orders for the import and export trades decreased from 46.5 in December 2024 to 46.1 in January 2025, whereas the outlook DI on new orders in one month’s time (i.e. February 2025) was 46.9.
     
    Commentary
     
         A Government spokesman said that overall business sentiment among SMEs and their expectations on the business situation in one month’s time eased back alongside increased uncertainties in the external environment in January. Yet, the overall employment situation remained stable.
     
         The spokesman added that uncertainties in the global economy would continue to pose challenges to the business environment. Nevertheless, the Central Government’s various measures to boost the Mainland economy and benefit Hong Kong, as well as the Special Administrative Region Government’s initiatives to lift market sentiment and promote economic development should provide support to business sentiment. The Government will monitor the situation closely.
     
    Further information
     
         The Monthly Survey on Business Situation of Small and Medium-sized Enterprises aims to provide a quick reference, with minimum time lag, for assessing the short-term business situation faced by SMEs. SMEs covered in this survey refer to establishments with fewer than 50 persons engaged. Respondents were asked to exclude seasonal fluctuations in reporting their views. Based on the views collected from the survey, a set of diffusion indices (including current and outlook diffusion indices) is compiled. A reading above 50 indicates that the business condition is generally favourable, whereas that below 50 indicates otherwise. As for statistics on the business prospects of prominent establishments in Hong Kong, users may refer to the publication entitled “Report on Quarterly Business Tendency Survey” released by the C&SD.
     
         The results of the survey should be interpreted with care. The survey solicits feedback from a panel sample of about 600 SMEs each month and the survey findings are thus subject to sample size constraint. Views collected from the survey refer only to those of respondents on their own establishments rather than those on the respective sectors they are engaged in. Besides, in this type of opinion survey on expected business situation, the views collected in the survey are affected by the events in the community occurring around the time of enumeration, and it is difficult to establish precisely the extent to which respondents’ perception of the business situation accords with the underlying trends. For this survey, main bulk of the data were collected around the last week of the reference month.
     
         More detailed statistics are given in the “Report on Monthly Survey on the Business Situation of Small and Medium-sized Enterprises”. Users can browse and download the publication at the website of the C&SD (www.censtatd.gov.hk/en/EIndexbySubject.html?pcode=B1080015&scode=300).
     
         Users who have enquiries about the survey results may contact Industrial Production Statistics Section of the C&SD (Tel: 3903 7246; email: sme-survey@censtatd.gov.hk).

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: NARCOTICS TRADE

    Source: Government of India (2)

    Posted On: 11 FEB 2025 1:20PM by PIB Delhi

    Government has taken various measures to address the issue of illicit narcotics trade and to improve cooperation between local police and anti-narcotics efforts. Some of which are: –

      1. A 4-tier Narco-Coordination Centre (NCORD) mechanism for ensuring better coordination between Central & State Drug Law Enforcement Agencies and other stake holders in the field of controlling drug trafficking and drug abuse in India has been established. An all in-one NCORD portal has been developed for information related to drug law enforcement.
      1. To monitor the investigation of important and significant seizures, a Joint Coordination Committee (JCC) under the Chairmanship of Director General, Narcotics Control Bureau (NCB) has been set up.
      1. A dedicated Anti Narcotics Task Force (ANTF) headed by Additional Director General/ Inspector General level Police Officer has been established in each State/Union Territory and follow-up on compliance of decisions taken in NCORD meetings at different levels.
      1. Government has empowered National Investigation Agency under NDPS Act, 1985 in the year 2020 for investigation of narco-terrorism cases.
      1. Border Guarding Forces (Border Security Force, Assam Rifles and Sashastra Seema Bal) have been empowered under the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985 to carry out search, seizure and arrest for illicit trafficking of narcotic drugs at international border. Further, Railway Protection Force (RPF) has also been empowered under NDPS Act to check drug trafficking along the railway routes.
      1. The Indian Coast Guard has been empowered under the Narcotic Drugs & Psychotropic Substances Act, 1985 for making interdiction of narcotic drugs in Coastal and high seas.
      1. A high level dedicated group has been created in National Security of Council Secretariat (NSCS) to analyze drug trafficking through maritime routes, challenges and solutions (Maritime Security Group- NSCS).
      1. Narcotics Control Bureau in association with Interoperable Criminal Justice System (ICJS) has created a portal called National Integrated Database About Arrested NDPS Offenders (NIDAAN).
      1. Towards the capacity building of drug law enforcement agencies of the country, Narcotics Control Bureau is continuously imparting training to the officers of other  drug law enforcement agencies.

    A National Narcotics Helpline “Madak-Padarth Nished Asoochana Kendra” (MANAS) has been created as a 24×7, toll-free number – 1933 National Narcotics Call Centre. Accordingly, MANAS has been envisioned as an integrated system providing a single platform for citizens to log, register, track and resolve drug related issues/ problems through various mode of communications like call, SMS, Chat-bot, email & web-link. It has also been integrated with Ministry of Social Justice and Empowerment (MoSJE) Helpline No.-14446. It has features like 24×7 calls via Toll-free Number, Web-Portal, email, and Mobile App under UMANG. All the information provided by the citizens on MANAS Helpline is kept confidential. In addition to this ANTF of States have been integrated with MANAS for better coordination.

    Government has formulated and implemented the National Action Plan for Drug Demand Reduction (NAPDDR) under which the Government is taking a sustained and coordinated action for arresting the problem of substance abuse among the youth across the country. This includes:

      1. Launching of Nasha Mukt Bharat Abhiyaan (NMBA) in 272 identified most vulnerable  districts, later on extended to all districts of the country. So far NMBA has reached out to more than 14.07 crore people including 4.90 crore youth and 2.93 crore women.
      1. 350 Integrated Rehabilitation Centers for Addicts (IRCAs), 46 Community based Peer Led Intervention (CPLI) Centers, 74 Outreach and Drop in Centers (ODICs), 124 District De-addiction Centres (DDACs) and 125 Addiction Treatment Facilities (ATFs) are supported by the Government.
      1. A Toll-free Helpline No.–14446 for de-addiction is being maintained by the Government for providing primary counseling and immediate assistance to persons seeking help.
      1. Memorandum of Understanding (MoUs) have been signed with Spiritual organizations like – The Art of Living, Brahma Kumaris, Sant Nirankari Mission, ISKCON, Shri Ram Chandra Mission and All World Gayatri Pariwar, to support NMBA and conduct mass awareness activities.
      1. Awareness is also being spread through official Social Media accounts of the Abhiyaan on Twitter, Facebook & Instagram.
      1. A mass pledge/oath on NMBA was conducted on 12th August, 2024 and a total of about 3+ crore people from 2+ lakh institutions participated in the nationwide pledge.
      1. National/Regional Conferences under the Chairmanship of Union Home Minister are being held from time to time with the Hon’ble Governors/ Lieutenant Governors and Chief Ministers of States/UTs, wherein effective measures to curb illegal drug peddling and trading to their respective district level are discussed.

    This was stated by the Minister of State in the Ministry of Home Affairs, Shri Nityanand Rai, in a written reply to a question in the Lok Sabha.

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: USING OF STEEL FOR KUMBH MELA

    Source: Government of India (2)

    Posted On: 11 FEB 2025 1:09PM by PIB Delhi

    Steel is a de-regulated sector and the role of the Government is to facilitate the steel industry by laying down the policy guidelines and establishing the institutional mechanism/structure for creating conducive environment for fostering steel production, consumption and improving efficiency of the steel sector in the country. Steel Authority of India Limited (SAIL) has a dedicated marketing set-up responsible for marketing of carbon, alloy and special steel products produced by their steel plants.

    SAIL has supplied approximately 45,000 tonnes of steel for the Mahakumbh Mela 2025, being held in Prayagraj mostly to the Public Works Department (PWD), Uttar Pradesh State Bridges Corporation, Electricity Board and their suppliers.

    This information was given by the Minister of State for Steel and Heavy Industries, Shri Bhupathiraju Srinivasa Varma in a written reply in the Lok Sabha today.

     

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    TPJ/NJ

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  • MIL-OSI Asia-Pac: WELFARE WORK UNDER CSR

    Source: Government of India (2)

    Posted On: 11 FEB 2025 1:05PM by PIB Delhi

    Steel Authority of India Limited (SAIL) carries out Corporate Social Responsibility (CSR) projects conforming to provisions in Section 135 of Companies Act, 2013 and the CSR Rules and its amendments, mainly in the periphery of steel townships and mines. The thrust areas are promotion of education and health, women empowerment, sustainable income generation through self-help groups, assistance to divyangjan (people with special abilities), access to water and sanitation facilities, village development, environment sustenance, sports coaching, promotion of traditional art and culture. The details of SAIL’s CSR expenditure, thrust area-wise during the last three years is as follows: –

                                                                                                                            (Rs. Lakh)

    No.

    SAIL CSR Thrust Area-wise Expenditure

    21-22

    22-23*

    23-24*

    24-25 (H1)

    1

    Healthcare, Drinking Water, Sanitation & Social Security (Sr. Citizens & PwDs)

    6648

    4676

    3592

    357

    2

    Education

    850

    3041

    4398

    1157

    3

    Livelihood Generation/Skills Development and Women Empowerment

    333

    1574

    1739

    92

    4

    Sports, Art & Culture

    213

    2695

    3288

    124

    5

    Rural Development & Environment Sustenance

    1211

    3616

    2885

    98

    6

    Administrative Overheads, etc.

    169

    644

    291

    9

     

    Total

    9424

    16246*

    16193*

    1837

    *(includes Rs.51.73 cr. in FY 22-23 & Rs.78.26 cr. in FY 23-24 w.r.t. ongoing CSR projects)

    SAIL has undertaken CSR projects in the aspirational districts namely Kanker, Narayanpur, Rajnandgaon Districts in the state of Chhattisgarh; Bokaro, West Singhbhum and Ranchi Districts in the state of Jharkhand, and Banka District in the state of Bihar in the year 2023-24. In the state of Bihar, SAIL has taken three projects under CSR in the year 2023-24.

    To evaluate the overall impact of the CSR Programmes/Projects carried out by SAIL in terms of its alignment with the needs of society and the CSR policy of SAIL, impact assessment survey is undertaken for select projects.

    This information was given by the Minister of State for Steel and Heavy Industries, Shri Bhupathiraju Srinivasa Varma in a written reply in the Lok Sabha today.

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    TPJ/NJ

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: ELECTRICAL VEHICLES IN RURAL AND SEMI-URBAN AREAS

    Source: Government of India (2)

    Posted On: 11 FEB 2025 1:01PM by PIB Delhi

    As per the e-Vahan portal, Ministry of Road Transport & Highways, as on 08/02/2025 the total EVs registered is 56.75 lakh and total registered vehicles are 3,897.71 lakhs.

    The PM E-DRIVE scheme ensures accessibility and affordability of electric vehicles (EVs) through targeted subsidies and demand incentives for e-2Ws and e-3Ws on pan-India basis including rural and semi-urban areas.  The scheme also has allocation of Rs.2,000 crore for installation of EV charging infrastructure across the country and address the issue of range anxiety among EV buyers.

    The PM E-DRIVE Scheme emphasis on providing affordable and environment friendly public transportation options for the masses.  Scheme is applicable mainly to vehicles used for public transport or those registered for commercial purposes in e-3W, e-trucks and other new emerging EV categories on pan-India basis including Tier-2 and Tier-3 cities.

    This information was given by the Minister of State for Steel and Heavy Industries, Shri Bhupathiraju Srinivasa Varma in a written reply in the Lok Sabha today.

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    TPJ/NJ

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  • MIL-OSI Asia-Pac: ENHANCEMENT OF E-VEHICLES

    Source: Government of India (2)

    Posted On: 11 FEB 2025 1:00PM by PIB Delhi

    The ₹10,900 crore PM E-Drive scheme aims to enhance electric mobility in India and contribute to the country’s environmental goals through several key strategies.  The scheme is available till 31.03.2026.  The scheme aims to achieve its objective in the following manner:

    1. Faster Adoption of EVs: The scheme seeks to accelerate the uptake of electric vehicles by reducing their upfront costs through demand incentives.
    2. Charging Infrastructure: A significant focus is on establishing a robust charging infrastructure network to build confidence among EV users and support the growing EV fleet.
    3. EV Manufacturing Ecosystem: The scheme promotes the development of a local EV manufacturing ecosystem, ensuring long-term sustainability and reducing reliance on imports.
    4. Emphasis on Public Transport: Prioritising EVs for public transport and commercial use aims to provide environmentally friendly transportation options for the masses, thereby reducing overall emissions.
    5. Reduced Reliance on Fossil Fuels: By promoting electric mobility, the scheme intends to decrease dependence on fossil fuels and lower emissions from the transportation sector.

    The key benefits expected from the implementation of the PM E-Drive scheme for both consumers and manufacturers are as follows:

    1. For Consumers: Demand incentives lower the initial cost of EVs, making them more accessible for EV buyers.
    2. For Manufacturers: Demand incentives directly stimulate the demand for EVs, boosting sales and production volumes. The Phased Manufacturing Programme (PMP) supports the localisation of EV components, fostering domestic manufacturing capabilities.

    The steps taken under the scheme to support and incentivize the adoption of Electric Vehicles (EVs) across different regions of India are as follows:

    1. Financial Support: Demand incentives of ₹5,000 per kWh in FY 2024-25 and ₹2,500 per kWh in FY 2025-26 are provided for e-2W and e-3W categories.  These incentives are capped at 15% of the ex-factory price.
    2. E-Buses: The scheme allocates ₹4,391 crore for the rollout of 14,028 e-buses.
    3. Prioritising Scrapping: For grants to deploy e-buses, cities/states that procure new e-buses after scrapping old STU buses through authorised RVSFs are to be preferred.

    To ensure the successful deployment and monitoring of the PM E-DRIVE scheme and to maximize its impact, Project Implementation and Sanctioning Committee (PISC), an inter-ministerial empowered committee, headed by the Secretary of Heavy Industries, is constituted. PISC does overall monitoring, sanctioning, and implementation of the PM E-DRIVE scheme. This committee is also responsible for removing any obstacles or difficulties that may arise during implementation.

    The scheme will facilitate the growth of the electric vehicle industry and create job Opportunities in the sector in the following manner:

    1. Domestic Manufacturing: The Phased Manufacturing Programme (PMP) mandates progressive localisation of EV components, boosting domestic manufacturing and reducing import dependence.
    2. Charging Infrastructure Development: Investment in charging infrastructure creates opportunities for businesses and entrepreneurs in installation, maintenance, and operation.
    3. Incentives for local manufacturing: The minimum of 50% percentage of domestic value addition (DVA) in manufacturing of EV Charger is a boost for local component manufacturer.

    This information was given by the Minister of State for Steel and Heavy Industries, Shri Bhupathiraju Srinivasa Varma in a written reply in the Lok Sabha today.

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    TPJ/NJ

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  • MIL-OSI Asia-Pac: PM E-DRIVE SCHEME FOR ELECTRIC VEHICLE ADOPTION

    Source: Government of India (2)

    Posted On: 11 FEB 2025 12:58PM by PIB Delhi

    The Government of India has notified ‘PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) Scheme’ on 29.09.2024 to provide impetus to the green mobility & development of EV eco-system in the country.  The scheme has an outlay of ₹10,900 crore over a period of two years from 01.04.2024 to 31.03.2026. The Electric Mobility Promotion Scheme (EMPS) 2024 implemented for a period of six months from 01.04.2024 to 30.09.2024, is subsumed in PM E-DRIVE scheme.

    Salient features of PM E-DRIVE scheme:

    1. Introduction of E- Vouchers: – The Ministry of Heavy Industry (MHI) has introduced E-vouchers for Electric vehicle buyer to avail the demand incentive under the scheme.
    2. Introduction of new vehicle segments: – An allocation ₹500 crore each has been done for deployment of e-ambulances and e-trucks under the scheme.
    3. Upgradation of testing agencies: ₹780 Crore has been earmarked for upgradation of vehicles testing agencies, identified under the scheme.

    The scheme has following three components:

    1. Subsidies: ₹3,679 crore as demand incentives for approximately 28 lakh e-2W, e-3W, e-ambulances, e-trucks & other new emerging EV categories;
    2. Grants: ₹7,171 crore for creation of capital assets i.e., e-buses, establishment of network of charging stations & upgradation of vehicle testing agencies identified under this scheme; and
    3. Administration of Scheme including IEC (Information, Education & Communication) activities and fee for Project Management Agency (PMA).

    The PM E-DRIVE scheme includes incentives for consumers and not manufacturers.  It aims to boost demand for electric vehicles (EVs) through various incentives detailed below:

    1. Demand Incentives: These incentives directly reduce the upfront cost of EVs for consumers at the point of purchase.  The government reimburses the incentive amount to the Original Equipment Manufacturers (OEMs).
    2. Financial Support for Charging Infrastructure: The scheme allocates ₹2,000 crore for establishing public charging infrastructure for various vehicle categories.
    3. Grants for Capital Assets: The scheme has provisions of ₹4,391 crore as grants to support deployment of 14,028 e-buses by Public Transport Authorities and ₹780 crore as grants for the upgradation of vehicle testing agencies identified under the scheme. Vehicles which are registered as “Motor Vehicle” as per the Central Motor Vehicle Rules (CMVR) will only be eligible for incentives. Vehicles fitted with only advanced batteries and satisfying performance criteria as notified under the scheme are eligible under the Scheme. 

    Yes, there is mechanisms in place to monitor and assess the implementation of the PM E-DRIVE scheme. Project Implementation and Sanctioning Committee (PISC), an inter-ministerial empowered committee, headed by the Secretary of Heavy Industries, is constituted for overall monitoring, sanctioning, and implementation of the PM E-DRIVE scheme.  This committee is also responsible for removing any obstacles or difficulties that may arise during implementation.

    This information was given by the Minister of State for Steel and Heavy Industries, Shri Bhupathiraju Srinivasa Varma in a written reply in the Lok Sabha today.

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    TPJ/NJ

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  • MIL-OSI Asia-Pac: Prime Minister Shri Narendra Modi’s remarks at India Energy Week 2025

    Source: Government of India (2)

    Posted On: 11 FEB 2025 12:00PM by PIB Delhi

    The Prime Minister Shri Narendra Modi delivered his remarks at the India Energy Week 2025 via video message today. Addressing the gathering at Yashobhoomi, he emphasized that the attendees are not just part of the Energy Week, but are also integral to India’s energy ambitions. He extended a warm welcome to all participants, including distinguished guests from abroad, highlighting their crucial role in this event.

    Highlighting that experts worldwide are asserting that the 21st century belongs to India, Shri Modi remarked, “India is driving not only its growth but also the growth of the world, with the energy sector playing a significant role”. He emphasized that India’s energy ambitions are built on five pillars: harnessing resources, encouraging innovation among brilliant minds, economic strength and political stability, strategic geography making energy trade attractive and easier, and commitment to global sustainability. The Prime Minister noted that these factors are creating new opportunities in India’s energy sector.

    Underlining that the next two decades are crucial for a Viksit Bharat, the Prime Minister highlighted that several significant milestones will be achieved in the next five years. He noted that many of India’s energy goals are aligned with the 2030 deadline, including the addition of 500 gigawatts of renewable energy capacity, achieving net zero carbon emissions for Indian Railways, and producing five million metric tons of green hydrogen annually. He acknowledged that these targets may seem ambitious, but the achievements of the past decade have instilled confidence that these goals will be attained.

    “India has grown from the tenth largest to the fifth largest economy in the past decade”, remarked Shri Modi. He highlighted that India’s solar energy generation capacity has increased thirty-two times in the last ten years, making it the third-largest solar power generating nation in the world. He noted that India’s non-fossil fuel energy capacity has tripled and that India is the first G20 country to achieve the goals of the Paris Agreement. The Prime Minister emphasized India’s achievements in ethanol blending, with a current rate of nineteen percent, leading to foreign exchange savings, substantial farmer revenue, and significant reductions in CO2 emissions. He highlighted India’s goal of achieving a twenty percent ethanol mandate by October 2025. He remarked that India’s biofuels industry is ready for rapid growth, with 500 million metric tonnes of sustainable feedstock. He further noted that during India’s G20 presidency, the Global Biofuels Alliance was established and is continuously expanding, now involving 28 nations and 12 international organizations. He highlighted that this alliance is transforming waste into wealth and setting up Centers of Excellence.

    Highlighting that India is continuously reforming to fully explore the potential of its hydrocarbon resources, Shri Modi highlighted that major discoveries and extensive expansion of gas infrastructure are contributing to the growth of the gas sector, increasing the share of natural gas in India’s energy mix. He noted that India is currently the fourth largest refining hub and is working to increase its capacity by 20 percent.

    Pointing out that India’s sedimentary basins hold numerous hydrocarbon resources, some of which have already been identified, while others await exploration, the Prime Minister highlighted that to make India’s upstream sector more attractive, the Government introduced the Open Acreage Licensing Policy (OALP). He emphasized that the Government has provided comprehensive support to the sector, including opening the Exclusive Economic Zone and establishing a single-window clearance system. Shri Modi noted that changes to the Oilfields Regulation & Development Act now offer stakeholders policy stability, extended leases, and improved financial terms. He emphasized that these reforms will facilitate the exploration of oil and gas resources in the maritime sector, increase production, and maintain strategic petroleum reserves.

    Prime Minister underlined that due to several discoveries and the expanding pipeline infrastructure in India, the supply of natural gas is increasing. He emphasized that this will lead to a rise in the utilization of natural gas in the near future. He also highlighted that there are numerous investment opportunities in these sectors.

    “India’s major focus is on Make in India and local supply chains”, exclaimed Shri Modi. He highlighted the significant potential for manufacturing various types of hardware, including PV modules, in India. The Prime Minister noted that India is supporting local manufacturing, with the solar PV module manufacturing capacity expanding from 2 gigawatts to approximately 70 gigawatts in the past ten years. He emphasized that the Production Linked Incentive (PLI) scheme has made the sector more attractive, promoting the manufacturing of high-efficiency solar PV modules.

    Highlighting the significant opportunities for innovation and manufacturing in the battery and storage capacity sector, the Prime Minister remarked that India is rapidly advancing towards electric mobility and emphasized the need for swift action to meet the demands of such a large country in this sector. Shri Modi noted that the current year’s budget includes numerous announcements supporting green energy. He highlighted that the Government has exempted several items related to the manufacturing of EV and mobile phone batteries from basic customs duty. This includes cobalt powder, lithium-ion battery waste, lead, zinc, and other critical minerals. He remarked that the National Critical Minerals Mission will play a crucial role in building a robust supply chain in India. He also highlighted the promotion of the non-lithium battery ecosystem. The Prime Minister emphasized that the current year’s budget has opened the nuclear energy sector, and every investment in energy is creating new jobs for the youth and generating opportunities for green jobs.

    “To strengthen India’s energy sector, the Government is empowering the public”, emphasised the Prime Minister. He highlighted that ordinary families and farmers have been made energy providers. He remarked that the PM Suryagarh Free Electricity Scheme was launched last year, and its scope is not limited to energy production. He noted that this scheme is creating new skills in the solar sector, developing a new service ecosystem, and increasing investment opportunities.

    Concluding his address, the Prime Minister reiterated India’s commitment to providing energy solutions that energize growth and enrich nature. He expressed confidence that this Energy Week would yield concrete outcomes in this direction. He encouraged everyone to explore every possibility emerging in India and extended his best wishes to all participants. 

     

     

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    MJPS/SR

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  • MIL-OSI Asia-Pac: COMPLETION OF MEHAR BABA COMPETITION-II

    Source: Government of India (2)

    Posted On: 11 FEB 2025 11:52AM by PIB Delhi

     IAF has been steering the second version of MBC-II. The competition was launched on 06 Apr 22 by honourable Raksha Mantri with theme as “Swarm Drone Based System to Detect Foreign Objects on Aircraft Operating Surfaces”. It got concluded on 29 Jul 24.

    Four out of initial 129 applicants, were shortlisted as finalists after rigorous assessments by a nominated Committee of Experts (CoE). It comprised of domain experts from IAF as well as civil institutes. The competition was held in four phases of which last phase was conducted in Jul 24. Based on the assessment, Ayaan Autonomous Systems Pvt Ltd, Pune and Fleet RF Pvt Ltd, Greater Noida, have been declared as winner and first runner up respectively.

    IAF is undertaking niche technology development in the turf of Unmanned and autonomous aerial vehicles through its innovative initiative Mehar Baba Competition (MBC). The MBC is forerunner in bridging the gap between Indian industry, academia, and users by providing them common platforms.

    The competition has successfully forged a robust ecosystem, resulting in the capture of orders amounting more than thousand cores over the past three years from various industries including armed forces. This economic success is not just a testament to the MBC-II competitiveness but also underscores the potential for significant growth in the drone sector. An equally commendable achievement is the employment generation of thousands of individuals, predominantly fresh graduates from colleges and academia. The competition serves as a beacon, guiding the way for future advancements in UAV technology and reinforcing India’s position on the global stage and Honourable PM’s vision of Indian being a Global drone hub by 2030.

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    VK/JS/IK

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  • MIL-OSI Asia-Pac: Auction of personalised vehicle registration marks this Saturday

    Source: Hong Kong Government special administrative region

    Auction of personalised vehicle registration marks this Saturday
    Auction of personalised vehicle registration marks this Saturday
    ****************************************************************

         The Transport Department (TD) today (February 11) reminded the public that an auction of personalised vehicle registration marks (PVRMs) will be held this Saturday (February 15) in Meeting Room S421, L4, Old Wing, Hong Kong Convention and Exhibition Centre, Wan Chai.      A total of 240 approved PVRMs will be put up for public auction. A list of the marks has been uploaded to the department’s website, www.td.gov.hk/en/public_services/vehicle_registration_mark/index.html.　　The reserve price of each of these marks is $5,000. Applicants who have paid a deposit of $5,000 should also participate in the bidding (including the first bid at the reserve price). Otherwise, the PVRM concerned may be sold to another bidder at the reserve price.      People who wish to participate in the bidding at the auction are reminded to take note of the following points: (1) Bidders are required to produce the following documents for completion of registration and payment procedures immediately after successful bidding: (i) the identity document of the successful bidder;(ii) the identity document of the purchaser (if the purchaser and the successful bidder are different persons);(iii) a copy of the Certificate of Incorporation (if the purchaser is a body corporate); and(iv) a crossed cheque made payable to “The Government of the Hong Kong Special Administrative Region” or “The Government of the HKSAR”. For an auctioned mark paid for by cheque, the first three working days after the date of auction will be required for cheque clearance confirmation before processing of the application for mark assignment can be completed. Successful bidders may also pay through the Easy Pay System (EPS), but are reminded to note the maximum transfer amount in the same day of the payment card. Payment by post-dated cheque, cash, credit card or other methods will not be accepted. (2) Purchasers must make payment of the purchase price through EPS or by crossed cheque and complete the Memorandum of Sale of PVRM immediately after the bidding. Subsequent alteration of the particulars in the Memorandum will not be permitted. (3) A PVRM can only be assigned to a motor vehicle which is registered in the name of the purchaser. The Certificate of Incorporation must be produced immediately by the purchaser if a vehicle registration mark purchased is to be registered under the name of a body corporate. (4) The display of a PVRM on a motor vehicle should be in compliance with the requirements stipulated in Schedule 4 of the Road Traffic (Registration and Licensing of Vehicles) Regulations. (5) Any change to the arrangement of letters, numerals and blank spaces of a PVRM, i.e. single and two rows as auctioned, will not be allowed. (6) The purchaser shall, within 12 months after the date of auction, apply to the Commissioner for Transport for the PVRM to be assigned to a motor vehicle registered in the name of the purchaser. If the purchaser fails to assign the PVRM within 12 months, allocation of the PVRM will be cancelled and arranged for re-allocation in accordance with the statutory provision without prior notice to the purchaser.      “Upon completion of the Memorandum of Sale of PVRM, the purchaser will be issued a receipt and a Certificate of Allocation of Personalised Registration Mark. The Certificate of Allocation will serve to prove the holdership of the PVRM. Potential buyers of vehicles bearing a PVRM should check the Certificate of Allocation with the sellers and pay attention to the details therein. For transfer of vehicle ownership, this certificate together with other required documents should be sent to the TD for processing,” the spokesman said.      For other auction details, please refer to the Guidance Notes – Auction of PVRM, which is available at the department’s licensing offices or can be downloaded from its website, www.td.gov.hk/en/public_services/vehicle_registration_mark/pvrm_auction/index.html.

     
    Ends/Tuesday, February 11, 2025Issued at HKT 14:30

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Union Home Minister and Minister of Cooperation Shri Amit Shah chairs Parliamentary Consultative Committee for Ministry of Home Affairs on ‘Cyber Security and Cyber Crime’ in New Delhi

    Source: Government of India

    Union Home Minister and Minister of Cooperation Shri Amit Shah chairs Parliamentary Consultative Committee for Ministry of Home Affairs on ‘Cyber Security and Cyber Crime’ in New Delhi

    Under the leadership of Modi Ji, the country is witnessing a ‘digital revolution’, to face the challenges of cyber security one needs to understand its size and scale

    AI will be used to identify and close the mule accounts before they are made operational

    To prevent cybercrime, Home Minister stresses on raising awareness on Modi Ji’s mantra of ‘Stop-Think-Taje Action’

    Modi government is moving forward with a four-pronged strategy to tackle cybercrimes: Convergence, Coordination, Communication, and Capacity

    Union Home Minister says that to prevent cybercrimes, there should be a greater focus on increasing awareness among the public and promoting the Cyber Helpline ‘1930’

    The three basic elements of cyberspace – software, services, and users are important in tackling cyber frauds

    The members gave suggestions on issues related to ‘Cyber Security and Cyber Crime’ and appreciated the steps taken by the Govt.

    Posted On: 11 FEB 2025 11:41AM by PIB Delhi

    Union Home Minister and Minister of Cooperation Shri Amit Shah  chaired a meeting of the Parliamentary Consultative Committee for the Ministry of Home Affairs on the topic of ‘Cyber Security and Cyber Crime’ in New Delhi. The meeting was attended by Union Minister of State for Home Affairs Shri Nityanand Rai, Shri Bandi Sanjay Kumar, members of the Committee, the Union Home Secretary, and senior officials of the Ministry of Home Affairs. The committee discussed various issues related to ‘Cyber Security and Cyber Crime’ during the meeting.

    Addressing the meeting, Union Home Minister Shri Amit Shah said that in recent years, there has been an expansion of digital infrastructure in India, which has naturally led to an increase in the number of cyber attacks. He said that when we look at cyberspace from a different perspective, it forms a complex network of ‘software,’ ‘services,’ and ‘users.’ He emphasized that until we consider controlling cyber fraud through ‘software,’ ‘services,’ and ‘users,’ it will be impossible to resolve the issues of cyberspace. Shri Shah further mentioned that under the leadership of Prime Minister Shri Narendra Modi, the Ministry of Home Affairs has taken several significant steps towards making India a cyber-safe nation.

    Shri Amit Shah said that cybercrime has erased all geographical boundaries. He stated that it is a ‘borderless’ and ‘formless’ crime, as it has no limits or fixed form. He mentioned that India has witnessed a ‘digital revolution’ in the last decade. Without understanding the size and scale of the ‘digital revolution,’ we cannot face the challenges in the cyber domain.

    Union Home Minister said that today, 95 per cent villages in the country are digitally connected, and one lakh gram panchayats are equipped with Wi-Fi hotspots. In the past ten years, the number of internet users has increased by 4.5 times. He mentioned that in 2024, a total of 246 trillion transactions worth ₹17.221 lakh crore were made through UPI. In 2024, 48 per cent of the global digital transactions took place in India. He also said that in terms of the startup ecosystem, India has become the third-largest country in the world. In 2023, the contribution of the digital economy to the Gross Domestic Product (GDP) was around ₹32 lakh crore, which is 12 per cent, and nearly 15 million jobs were created.

    Shri Amit Shah said that today India has become the third-largest country in terms of digital landscape in the world. The digital economy contributes 20 per cent to the total economy of India. He also mentioned that the Ministry of Home Affairs’ goal is to ensure zero cybercrime cases and their FIRs.

    Union Home Minister said that to tackle cybercrime, we have adopted four types of strategies, which include Convergence, Coordination, Communication, and Capacity. All of these are being implemented with clear objectives and a strategic approach. He mentioned that inter-ministerial and inter-departmental coordination within the Ministry of Home Affairs has been strengthened, ensuring seamless communication and smooth flow of information.

    Shri Amit Shah said that a healthy tradition of exchange of information between the Ministry of Home Affairs, the Ministry of Electronics and IT, CERT-IN, I4C, and departments like Telecom and Banking has led to successfully tackling many cybercrime cases.

    Union Home Minister emphasized the importance of raising awareness among the public to prevent cybercrime and requested all the members of the committee to promote the I4C helpline number 1930. He stated that in light of cyber financial fraud, the ‘1930’ helpline provides a one-point solution offering various services, such as blocking cards.

    Shri Amit Shah said that efforts are underway to use Artificial Intelligence for identifying mule accounts, in coordination with the Reserve Bank and all banks, to establish a system for their detection. He mentioned that we will ensure the closure of mule accounts before they are even operational. Union Home Minister stated that the government has also ensured that people are made aware of Prime Minister Shri Narendra Modi’s mantra ‘STOP-THINK-TAKE ACTION’ in order to make them more vigilant against cybercrimes.

    Union Home Minister stated that a total of 1 lakh 43 thousands FIRs have been registered on the I4C portal, and over 19 crore people have used this portal. He mentioned that, for national security reasons, 805 apps and 3,266 website links have been blocked based on I4C’s recommendations. Additionally, 399 banks and financial intermediaries have come on board. Over 6 lakh suspicious data points have been shared, more than 19 lakh mule accounts have been caught, and suspicious transactions worth ₹2,038 crore have been prevented.

    Shri Amit Shah said that Cyber Crime Forensic Training Labs have been established in 33 states and union territories. On the ‘CyTrain’ platform, a “Massive Open Online Course (MOOC)” platform, 101,561 police officers have registered, and over 78,000 certificates have been issued.

    The committee members gave their suggestions on issues related to ‘Cyber Security and Cyber Crime’ and appreciated the important steps taken by the government for enhancing cyber security.

    ***

    RK/VV/ASH/PR/PS

    (Release ID: 2101613) Visitor Counter : 46

    Read this release in: Hindi

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Appeal for information on missing woman in Tin Sum (with photo)

    Source: Hong Kong Government special administrative region

    Appeal for information on missing woman in Tin Sum (with photo)
    Appeal for information on missing woman in Tin Sum (with photo)
    ***************************************************************

         Police today (February 11) appealed to the public for information on a woman who went missing in Tin Sum.     Lau Suet-ying, aged 31, went missing after she got on a train towards Wu Kai Sha at MTR Hin Keng Station yesterday (February 10) morning. Her family then made a report to Police.          She is about 1.65 metres tall, around 70 kilograms in weight and of fat build. She has a round face with yellow complexion and short black hair. She was last seen wearing a dark grey jacket, a grey shirt, blue trousers, dark blue shoes and carrying a beige backpack.     Anyone who knows the whereabouts of the missing woman or may have seen her is urged to contact the Regional Missing Persons Unit of New Territories South on 3661 1173 or 5217 5562 or email to rmpu-nts-2@police.gov.hk, or contact any police station.

     
    Ends/Tuesday, February 11, 2025Issued at HKT 11:38

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: PRESS RELEASE – PRESENTATION OF CREDENTIALS OF THE AMBASSADOR OF FRANCE TO THE INDEPENDENT STATE OF SAMOA

    Source: Government of Western Samoa

    Share this:

    (TUESDAY 4 FEBRUARY 2025)

    His Excellency Mr Guillaume Lemoine presented his Letter of Credence to the Head of State of Samoa, Afioga Tuimalealiifano Vaaletoa Sualauvi II at a presentation of credential ceremony held this morning at the Head of State’s official residence in Vailele accrediting His Excellency as the first resident Ambassador Extraordinary and Plenipotentiary of France to Samoa.

    Samoa and France have enjoyed cordial relations since the establishment of diplomatic relations on 1 March 1974. The Ambassador expressed that with over 50 years of diplomatic relations, the establishment of a permanent French Embassy in Apia is a historical step forward, which will contribute to strengthening the ties with Samoa and the French territories of French Polynesia, New Caledonia and Wallis & Futuna. The Head of State echoed the Ambassador’s sentiments and stated that the decision to set up an Embassy in Samoa “…places prominence on the recognition of our growing relations and the mutual respect we have for each other.”

    Both the Head of State and the Ambassador acknowledged the contributions of Ms Zita Martel as the French Honorary Consul in Samoa for the last 25 years in strengthening bilateral relations through the promotion of culture and friendship. Afioga Tuimalealiifano expressed that he is confident that the appointment of H.E Guillaume Lemoine as the first Ambassador of France to Samoa with residence in Apia, will further strengthen the existing relations between our two countries.

    His Excellency Mr Guillaume Lemoine holds a Master’s degree in Computer Science Management, a Post-graduate degree in Computerization of Organizations and is a former student of the Paris Institute of Political Studies. Mr Lemoine is a career diplomat who served in various diplomatic missions of France in Athens, Beirut, Kuwait and Lomé. Mr Lemoine was the Ambassador of France to Papua New Guinea prior to his appointment as the first resident Ambassador of France to Samoa. He was awarded distinctions in Medal of Honour of Foreign Affairs and as Knight of the National Order of Merit. Mr Guillaume Lemoine is married to Ms Olivia de Saint-Luc and they have three daughters.

    END.

    SOURCE – Ministry of Foreign Affairs and Trade

    Photos by the Government of Samoa (Leaosa Faaifo Faaifo)

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LD to hold Youth Employment Expo

    Source: Hong Kong Government special administrative region

         The Labour Department (LD) will hold the Youth Employment Expo at the Hong Kong Convention and Exhibition Centre in Wan Chai on February 15 (Saturday). The Expo is an event jointly organised by the Greater Bay Area (GBA) Youth Employment Scheme, the Youth Employment and Training Programme (YETP) and the Youth Employment Start (Y.E.S.) of the LD, providing abundant opportunities to work locally and in GBA Mainland cities for young people aged 29 or below, as well as introducing the diverse youth employment services of the LD.
          
         The Chief Executive in the 2024 Policy Address announced measures to strengthen employment services and support for young people, including, starting from 2025, relaxing the eligibility requirements for the GBA Youth Employment Scheme to allow young people aged 29 or below with sub-degree or higher qualifications to join the Scheme and increasing the allowance granted to enterprises. Moreover, the upper age limit for YETP participants has been raised to provide employment support services to young people aged 15 to 29 with sub-degree or below qualifications.
          
         A total of 47 organisations from various industries, including airline services, hotels, banking, public services, retail, transport, construction, catering, tourism, security and technology, will join the Expo, providing over 1 200 on-the-job training vacancies for young people to work locally and in GBA Mainland cities. Eligible young job seekers are welcome to submit applications on the spot and may be invited for on-site interviews.
          
         The Expo also features career talks, sharing sessions, course introduction and demonstration of the programmes, employment consultation, interview preparation consultation, resume photo shooting, etc. Singers Ms Gin Lee and Mr Andy Lai will join the Expo and share their stories of pursuing their own career developments. The talk and sharing sessions will be conducted in Cantonese. Limited seats are available on a first-come, first-served basis. In addition, the Youth Entrepreneurship Bazaar will also be run by business members of Y.E.S. at the Expo, selling a diverse range of handcrafted and innovative products. Members of the public are welcome to visit.
          
         The Expo will be held from 11am to 6pm at 3G Exhibition Hall of the Hong Kong Convention and Exhibition Centre in Wan Chai. Admission is free. Last admission time is 5.30pm. For details of the Expo, please visit the LD’s website www.labour.gov.hk.

    MIL OSI Asia Pacific News –

  • MIL-OSI Security: Commissioner – law ruling leaves policing in a “hopeless position”

    Source: United Kingdom London Metropolitan Police

    The Commissioner has responded to a High Court judgment published today on a judicial review that sought to challenge Operation Assure.

    Operation Assure is the Met’s process, based on national guidance, to consider dismissing officers who can no longer pass vetting. The Met lost the judicial review.

    Commissioner Sir Mark Rowley said:

    “For more than two decades police leaders have been asking Government for greater powers to sack officers who are not fit to wear the uniform. For two-and-a half-years I have repeated that call and successive Governments have promised change.

    “Tens of thousands of good officers joined the police because we care deeply about public safety. The majority of the Met is committed to this drive to clear out those who threaten our collective integrity. This makes us better placed to protect communities.

    “Being able to sack officers who fail vetting is critical. Under Op Assure, in the last 18 months

    • 96 officers have been sacked or resigned due to vetting removal
    • 29 more are on special vetting leave, having lost vetting
    • Over 100 more are in the early stages of vetting reviews

    “Those we have removed vetting from, had a pattern of behaviour that meant if they applied to work in policing today, we’d never let them in.

    “But today’s ruling on the law has left policing in a hopeless position.

    “We now have no mechanism to rid the Met of officers who are not fit to hold vetting – those who cannot be trusted to work with women, or enter the homes of vulnerable people.

    “It is absurd that we cannot lawfully sack them – this would not be the case in other sectors where staff have nothing comparable to the powers a police officer holds.

    “This judgement is focussed on the human rights of Sgt Di Maria. But there are wider human rights at play here, those of the public, and those of colleagues who have to work alongside officers like this.

    “We are seeking leave to appeal the judgment, not just for the Met but for law enforcement nationally due to these profoundly damaging implications.

    “The judge identified a clear gap in the law, one we have done our best to bridge. But as the judge said, the answer lies in strengthened Police Vetting Regulations.

    “So in repeating the same request for two-and-a half-years, echoed by the Casey and Angiolini reports, I am once again calling on the Government today, to introduce new regulations as a matter of extreme urgency.

    “It is crucial they are practical, nimble and empowering. They must allow police forces to deal with those who pose risks to colleagues and of course to the public, and must apply to those we have already removed.

    “Finally, regardless of the current legal framework, the public of London have my assurance and that of my colleagues that Di Maria and those like him will not be policing the streets or working alongside other officers. They will remain on ‘vetting special leave’, a ridiculous waste of public money but the least bad option until regulations are fixed. “

    +++

    A judgment has been published in relation to a judicial review heard at the High Court between 15 and 16 January 2025.

    Sgt Lino Di Maria is a Met officer who during his police service has received allegations of rape, and other allegations about his conduct towards women.

    Under the Met’s ‘Operation Assure’ – a key part of our drive to raise standards and root out corruption – Di Maria’s vetting clearance was reviewed and, in light of the significant pattern of adverse information against him, his vetting was removed.

    Sgt Di Maria applied to the court for judicial review, challenging the lawfulness of the Met’s decision to remove his vetting and refer him to gross incompetence proceedings.

    He challenged the wider Operation Assure process which is the Met’s process, based on national guidance, to consider dismissing officers who can no longer pass vetting.

    The officer would have been dismissed many months ago but for this legal action, which is funded in support of him by the Police Federation.

    The College of Policing and Home Secretary were interested parties to the proceedings.

    The judgment has found in favour of Sgt Di Maria. It is published here: Di Maria -v- Met Police and others – Courts and Tribunals Judiciary

    Background

    Operation Assure

    In March 2023 the Met became the first police service in the UK to adopt a new process, based on College of Policing guidance and called Operation Assure, to consider dismissing officers and staff who can no longer pass vetting.

    It is unacceptable there has never been an explicit legal provision to enable sacking of officers who fail vetting reviews. Policing has asked for this loophole to be closed for more than 20 years. We have been promised for two-and-a-half years that changes will happen but little progress has been made.

    The regulations make it too hard to remove those few who undermine the majority. Our own analysis and that of Casey and Angiolini pointed to the need to ‘join the dots’ – using intelligence to spot patterns of behaviour to remove those who should not be in the job. This followed in the wake of significant cases such as Wayne Couzens and David Carrick.

    Operation Assure is a programme of prioritised vetting reviews for serving officers and staff where we hold significant adverse information that means we need to review their vetting clearance. In most cases this information has not previously led to a criminal conviction, and, in all cases, not dismissal from the Met.    

    Operation Assure provides a pathway for the Met to follow if an officer’s basic vetting clearance cannot be maintained. It can lead to that person being dismissed from the Met at a gross incompetence hearing – as their inability to hold vetting clearance makes them ‘incompetent’ to hold a role.

    There are hundreds of pages of guidance, law and regulations telling us at length how important vetting is and how it should be done. But these are far less clear on what to do if things change and an officer can no longer can be trusted to hold that vetting, nor how such an officer should be dismissed.

    We carefully interpreted the existing guidance and laws as best we could and we filled that gap in the public interest. Operation Assure was the right thing to do in circumstances when the law did not provide a clear way of doing this, and it was supported by the College of Policing. It was a risk, but the issue was too important to ignore and too urgent to wait – the public deserve better.

    Police officers are vetted when they join the Met, with vetting renewal every seven-10 years. The framework exists in the Vetting Approved Professional Practice – as set by the College of Policing.  The framework also says that vetting clearance should be reviewed upon ‘adverse information’.

    The majority of those subject to Assure have worrying patterns of behaviour, mainly allegations of sexual offending. They would not pass vetting if joining the police for the first time today.

    The primary pipeline for Operation Assure is Operation Onyx. The Operation Onyx team have reviewed completed domestic or sexual abuse cases against officers and staff for offences from the last 10 years (until April 2022) to ensure those cases were dealt with properly, and revisit them if not via Operation Assure.

    Operation Assure to date

    • More 300 officers and staff referred into the Assure process overall so far.
    • 107 officers/staff have had vetting withdrawn. 
    • 96 officers/staff have exited the Met (dismissals, retirements and resignations) while in the Op Assure process (including 19 who resigned before their gross incompetence hearing). 
    • This includes 24 officers/staff dismissed at gross incompetence hearing (or staff equivalent) for failure to maintain vetting.
    • Today, 29 officers and staff are in the Met having had their vetting removed and are on vetting special leave. Until the judgment today, 12 of those were due to attend a hearing soon where they may have been dismissed – others had appeals ongoing.
    • Approximately 100 officers and staff are at an earlier stage of the Assure process – perhaps at an early review stage, or awaiting their vetting interview or vetting decision.

    And:

    • 82 have had their vetting retained – which is important to note as it shows the process is fair and proportionate.
    • 7 successful appeals. 

    Examples

    • Officer received multiple rape and sexual assault allegations from a number of separate female complainants in 2011-2023. Under Op Assure, officer had vetting reviewed, removed and he was dismissed at a gross incompetence hearing. Criminal charges followed a year later, as further information came to light following his dismissal. This was the first officer we dismissed under Assure, in October 2023.
    • Officer had numerous domestic abuse allegations, including rape of ex-partner, and also had received two reports of sexual assault/harassment of colleagues. He had been reduced in rank to a PC in 2022 for a separate matter for misuse of his warrant card while off-duty. Under Op Assure, officer had vetting reviewed, removed and he was dismissed at a gross incompetence hearing.     
    • Officer committed indecent act on a train and pleaded guilty to outraging public decency – later received a final written warning. Under Op Assure, officer had vetting reviewed, removed and he was dismissed at a gross incompetence hearing. 
    • Following intelligence checks it was identified that a serving officer was arrested in the USA on charge of endangering welfare of child, having travelled there to meet a 13-year-old girl he had met online.  No criminal charges were brought but the intelligence was reconsidered as part of Assure. Officer resigned in May 2023 when he was told he was to have a vetting review.

    Judicial Review

    A Judicial Review took place at the High Court on 15/16 January between Met officer Sgt Lino Di Maria, supported by the Met Police Federation, and the Met Police supported by the College of Policing and the Home Office as interested parties.

    The Judicial Review challenged the legality of Operation Assure, and how it applied to Sgt Di Maria’s case.

    The multiple historic and serious allegations against Sgt Lina Di Maria, attached to forensics at Kentish Town, were outlined in the hearing.

    His vetting clearance was removed in Sept 2023 and his appeal against this dismissed. In March 2024 he was referred to a gross incompetence hearing due to having no vetting clearance. His particular case was paused pending the outcome of the JR.   

    MIL Security OSI –

  • MIL-OSI Economics: Obesity market to reach $173.5 billion sales in 7MM by 2031, forecasts GlobalData

    Source: GlobalData

    Obesity market to reach $173.5 billion sales in 7MM by 2031, forecasts GlobalData

    Posted in Pharma

    The number of patients living with obesity keeps growing, and following the recent advances in the therapeutic space, more patients are being prescribed pharmacotherapy on top of the usual diet and exercise lifestyle changes, which by themselves are often unsuccessful. With physicians and patients awareness expected to increase, sales of obesity medications are forecast to reach $173.5 billion in the seven major markets (7MM*) by 2031, according to GlobalData, a leading data and analytics company.

    GlobalData’s latest report “Obesity: Seven-Market Drug Forecast and Market Analysis- Update” reveals that the revolution in obesity treatment is not over yet, and many changes are still needed to fulfill the unmet needs in the obesity space.

    Costanza Alciati, Pharma Analyst at GlobalData, comments: “The therapies available for obesity treatment are still limited, and many patients cannot access them due to their high cost. The most effective weight loss drugs on the market are currently Eli Lilly’s Mounjaro/Zepbound (tirzepatide) and Novo Nordisk’s Wegovy (semaglutide), which are expected to continue generating high sales for their respective manufacturers.”

    According to GlobalData, more than 200 million people currently live with obesity in 7MM, and the numbers will be growing at an annual growth rate (AGR) of 0.7% until 2031.

    Alciati continues: “Although Eli Lilly and Novo Nordisk are expected to maintain their role in the space, there is a big opportunity for new entrants. Pipeline therapies in development include drugs with new mechanisms of action, longer action resulting in a reduced number of treatment days, and oral candidates as potent as currently available injectables.”

    Alciati concludes: “Many promising new drugs are expected to reach the market in the next few years. This will not only continue revolutionizing the obesity space, but also the whole cardiometabolic diseases sector.”

    *7MM- US, France, Germany, Italy, Spain, UK, and Japan

    MIL OSI Economics –

  • MIL-Evening Report: Trump’s ‘Riviera’ plan for Gaza heralds an age of naked fascism

    COMMENTARY: By Sawsan Madina

    I watched US President Donald Trump’s joint press conference with Israeli Prime Minister Benjamin Netanyahu last week in utter disbelief. Not that the idea, or indeed the practice, of ethnic cleansing of Palestine is new.

    But at that press conference the mask has fallen. Recently, fascism has been on the march everywhere, but that press conference seemed to herald an age of naked fascism.

    So the Palestinians have just been “unlucky” for decades.

    “Their lives have been made hell.” Thank God for grammar’s indirect speech. Their lives have been made hell. We do not know who made their lives hell. Nothing to see here.

    Trump says of Gaza: “We’ll own it and be responsible for dismantling all of the dangerous unexploded bombs and other weapons on the site, level the site, and get rid of the destroyed buildings — level it out and create an economic development that will supply unlimited numbers of jobs and housing for the people of the area . . . ”

    I wonder who are those lucky “people of the area” he has in mind, once those “unlucky” Palestinians have been “transferred” out of their homeland.

    Trump speaks of transforming Gaza into a magnificent “Riviera of the Middle East”. Obviously, the starved amputees of Gaza do not fit his image of the classy people he wants to see in the Riviera he wants to build, on stolen Palestinian land.

    No ethnic cleansing questions
    After the press conference, I did not hear a single question about ethnic cleansing, genocide, occupation or international law.

    Under the new fascist leaders, just like under the old ones, those words have become old-fashioned and are to be expunged from the lexicon.

    The difference has never been more striking between the meek who officially hold the title “journalist” and the brave who actually work to hold the powerful to account.

    Now, more than ever, independent journalists are a threatened species. We should treasure them, support them and protest every attempt to silence them.

    Gaza is now the prototype. We can forget international laws and international organisations. We have the bombs. You do as we wish or you will be obliterated.

    Who now dares say that the forced transfer of a population by an occupying power is a war crime under the Geneva Convention? But then again, Trump and Netanyahu are not really talking about “forced transfer”. They are talking about “voluntary transfer”.

    Once the remaining Israeli hostages have been freed, and water and food have been cut off again, those unlucky Palestinians will climb voluntarily onto the buses waiting to transport them to happiness and prosperity in Egypt and Jordan.

    Or to whatever other client state Trump manages to threaten or bribe.

    Can the International Criminal Court (ICC) command a shred of respect when Netanyahu is sharing the podium with Trump? Or indeed when Trump is at the podium?

    Dismantling the international order
    Recently, fascist leaders have been dismantling the international order by accusing its organisations and officials of being “antisemitic” or “working with terrorists”. Tomorrow they will defund and delegitimise these organisations without the need for an excuse.

    I listen to Trump speak of combatting antisemitism and deporting Hamas sympathisers and I hear, “We will combat anti-Israel views and we will deport those who protest Israel’s crimes.

    “And we will continue to conflate antisemitism and anti-Israel’s views in order to silence pro-Palestinian voices.”

    I watch Trump and Netanyahu, the former reading the thoughts of a real estate developer turned into a president’s speech and the latter grinning like a Cheshire cat — and I am gripped by fear. Not just for the Palestinians, but for all humanity.

    If we think fascism is only coming for people on a distant shore, we ought to think again.

    I watch Netanyahu repeating lies that investigative journalists have spent months debunking. Why would he care? The truth about his lies will not make it to mainstream media and the consciousness of the majority of people.

    Lies taking hold, enduring
    And the more he repeats those lies, the more they take hold and endure.

    I wonder how our political leaders will spin our allies’ new, illegal and immoral plans. For years, they have clung to the mantra of the two-state solution while Israel continued to make every effort to render this solution unfeasible.

    What will they say now? With what weasel words will they stay on the same page as our friends in the US and Israel?

    Netanyhu praises Trump for thinking outside the box. Here is an idea that Israel has spent billions on arms and propaganda to persuade people that it is dangerously outside the box.

    Instead of asking Egypt and Jordan to take the Palestinians, why not make Israel end the occupation and give Palestinians equal rights in their own homeland?

    Sawsan Madina is former head of Australia’s SBS Television. This article was first published by John Menadue’s public policy journal Pearls and Irritations and is republished with permission.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI United Kingdom: Leased car park’s upper storey closed for safety reasons

    Source: St Albans City and District

    Publication date:

    The upper tier of a Harpenden car park – leased by St Albans City and District  Council – has been shut for safety reasons until further notice. 

    Around 100 spaces have been put out of action at Bowers Way West with some 60 spaces on the ground floor still available.

    The Council has been informed that a structural weakness had been identified during an inspection of the building which is owned by Edenrise Properties.

    Council officers are now waiting for an update from Edenrise about their future plans.

    Councillor Helen Campbell, Lead for Car Parking, said:

    This issue came as a bolt out of the blue and was completely unexpected.

    Sainsbury’s, who also lease some of the site, advised us about the issue and we had no option but to order the car park’s upper storey to be closed to ensure the safety of the public.

    It is most unfortunate news for Harpenden where demand for parking spaces is high.

    However, I am sure residents will understand that this issue is completely out of our control as we do not own the building or have responsibility for maintaining its structure, and safety needs to be the primary concern.

    Our car parking team has been at the scene and started discussions with Edenrise about the next steps. We will keep residents informed about any updates we receive.

    Bowers Way West season ticket holders will be allowed to use Bowers Way East, which has 148 spaces and three disabled bays, at no extra charge.

    The Council operates two other car parks in Harpenden with a further 532 spaces: Lydekker, which is owned by Harpenden Town Council, and Amenbury Lane.

    You can find out more about our car parks here: https://www.stalbans.gov.uk/car-parks-and-street-pay-and-display

    Media contact:  John McJannet, Principal Communications Officer: 01727- 819533; john.mcjannet@stalbans.gov.uk.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Rouge Bouillon closure update06 February 2025 ​Timeline update: 28 Clarendon Road The owner of 28 Clarendon Road has been working with an engineering team and a Geotechnical Engineer, to take action to ensure the building is made safe and restored… Read more

    Source: Channel Islands – Jersey

    06 February 2025

    ​

    Timeline update: 28 Clarendon Road 

    The owner of 28 Clarendon Road has been working with an engineering team and a Geotechnical Engineer, to take action to ensure the building is made safe and restored efficiently. 

    This highlights the complexity of the response needed to carry out the repairs, as investigations continue into the stability of the building, affected by a burst water main. 

    We want to thank the owner for working with all parties to come to the fastest possible resolution. 

    Next steps 

    • Step 1: Manufacture and install steel strapping system to stabilise the building. 
    • Step 2: Geotechnical Engineer to then assess soil conditions beneath the foundations. 
    • Step 3: The wider team can then proceed with necessary demolition of external structures, including boundary walls affecting neighbouring properties. 
    • Step 4: We continue to monitor progress and review timelines for the safe reopening of Rouge Bouillon, currently expected after the Easter holidays. 

    The project remains under constant review to ensure the best and safest outcome. 

    Rouge Bouillon continues to remain closed between Clarendon Road and Palmyra Road as investigations continue into the stability of an adjacent building wall, affected by a burst water main. 

    The Government of Jersey is monitoring and facilitating ongoing meetings held with all relevant stakeholders to ensure public safety. These include Highways, Network Management, Drainage, Building Control, Jersey Water, CYPES and other key parties, alongside property owners impacted by the issue. 

    Current status with investigatory and repair work 

    • private parties (residents and private owners) responsible for the affected buildings are undertaking detailed investigations and repair work, which are expected to take some time
    • the situation is highly complex with several adjacent walls and buildings that are unsafe and severely cracked 
    • multiple parties are involved, including Infrastructure and Environment, I&E, Jersey Water, structural engineers, building surveyors, loss adjustors, and insurance companies.

    Alternative routes and safety assurance 

    We have considered other options to manage the traffic around the closure however, the decision to retain the current traffic arrangement is based on the following factors: 

    • reversing Clarendon Road poses additional safety risks for residents and pedestrians 
    • allowing right-turn access onto Clarendon Road from Val Plaisant could cause severe traffic congestion, particularly near the Gyratory 
    • reversing Midvale Road, while potentially useful, would necessitate signal junction changes, creating confusion, complications, and further safety concerns. 

    We advise the traveling public to continue to avoid the area and use alternative routes to access town where possible. 

    Public impact 

    We understand that the closure has significant impacts on daily travel and local businesses. The road will only reopen once the buildings are stabilised and all risks of structural collapse have been mitigated. 

    Next steps 

    A further update on the situation will be provided in seven days. 

    Constable Simon Crowcroft of St Helier has previously said: “I fully understand the frustration and inconvenience that the ongoing closure of Rouge Bouillon is causing for residents, businesses, and commuters. This is a highly complex situation involving multiple parties, and ensuring the safety of everyone remains our priority. We appreciate the patience and cooperation of the public as investigations and repair work continue. 

    “The Minister for Infrastructure and I wish to see the Ring Road re-opened as soon as possible. In the meantime, I urge Islanders to continue using alternative routes where possible, and I thank everyone for their understanding during this challenging period.”​

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: York celebrates National Apprenticeship Week

    Source: City of York

    National Apprenticeship Week

    Published Tuesday, 11 February 2025

    City of York Council is celebrating the value, benefits and opportunities apprenticeships bring to individuals and businesses during National Apprenticeship Week (NAW) this week [10-16 February].

    NAW will highlight how apprenticeships are an excellent option to consider for young people wishing to start a career, for employees looking to progress in their current role or retrain for a new career, or for employers needing to fill skills gaps to help grow their business.

    Numerous apprenticeship opportunities are available within York’s key and growth sectors including Hospitality, Engineering,  Health Care and Early Years.  

    Councillor Pete Kilbane, Deputy Leader of the Council and Executive Member for Economy and Culture, including Skills and Apprenticeships, said:

    Prioritising high quality skills and learning for all our residents is a key commitment of our Council Plan.

    “National Apprenticeship Week provides an opportunity for us all to celebrate our amazing apprentices in the city, as well as highlighting the fantastic advantages apprenticeships can bring for employees and employers.”

    City of York Council supports apprenticeships in York through its impartial Apprenticeship Hub, which offers information and advice to potential apprentices and local organisations, as well as through the Apprenticeship Levy Transfer scheme.

    The national scheme enables apprenticeship levy-paying employers to use a percentage of their levy to fully fund the apprenticeship training and assessment costs, from entry level to master’s degree level, for small to medium sized businesses in their area, helping connect them to their future workforce or boost productivity by upskilling existing teams.

    To date, the council has approved over £380,000 worth of apprenticeship levy transfer requests to support both new apprentice recruits and existing employees in York businesses to develop their skills.

    For free, impartial information emailyork.apprenticeships@york.gov.uk or visit www.york.gov.uk/yorkapprenticeships.

    For vacancies to go www.gov.uk/apply-apprenticeship and for information about T Levels got to tlevels.gov.uk

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Vegetable oil fuel rolls out to more bin lorries

    Source: Scotland – City of Perth

    Following a successful trial of Hydrotreated Vegetable Oil (HVO) in several of its bin lorries, Perth and Kinross Council is now extending the use of the fuel to more of its large fleet vehicles.

    HVO is used, filtered vegetable oil and it provides an environmentally-friendly alternative to diesel that helps reduce carbon emissions from previously fossil-fuelled vehicles. As a result of the six-month trial in 2024, a significant reduction in carbon emissions from the six lorries has been achieved, namely a saving of` 87 tonnes of CO2. 

    Starting from 3 February 2025, the process of running down the diesel supply in a further 18 bin lorries based at Friarton in Perth and swapping to HVO is moving forward. It is estimated that a reduction of around 500 tonnes of CO2 a year could be achieved with the changeover. 

    Convener of Climate Change and Sustainability, Councillor Richard Watters said: “The trial introduction of HVO to our bin lorries has proved to be a real success by providing a simple, readily available and much greener fuel source. It reflects the commitment we have made to reducing our carbon footprint and I look forward to seeing more of our vehicles out on the road powered by HVO.” 

    Vice-Convener, Councillor Liz Barrett said: “I warmly welcome this very significant reduction in our CO2 emissions from refuse collection.  It shows great progress towards our targets to reduce emissions from Council vehicles.  I’d like to thank our Waste Management and Fleet teams for their commitment to making a difference.” 

    Last modified on 11 February 2025

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    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Help keep our city tidy

    Source: Scotland – City of Aberdeen

    The Council is asking everyone to help keep our city tidy by using bins provided for litter and dog waste, or taking waste home with them, to avoid the risk of being issued with a fixed penalty notice (fine).

    City wardens are to be given support to help tackle dog fouling and littering following calls from citizens for increased action against offenders.
    Aberdeen City Council has entered into an agreement with National Enforcement Solutions (NES), which will be empowered to issue fixed penalty notices from Wednesday (12 February).

    “Council Co-Leader Councillor Ian Yuill said: “We have heard the feedback from our residents and share the frustration about the problems caused by littering and dog fouling. Dog waste can be harmful, especially to young people. 

    Littering is unacceptable and unsightly. Litter pollutes the environment and is harmful to wildlife. We all share responsibility of looking after our city. It is important to dispose of refuse carefully to keep streets and open spaces clean and to avoid receiving a penalty notice.”  

    Council Co-Leader Councillor Christian Allard said: “The National Enforcement Solutions team will support our wardens – the message to the people of Aberdeen remains the same. Please look after our environment by picking up after your pets, and using the litter bins provided, or take your waste home.”

    The NES team, and City Wardens, will both use digital technology to issue on-the-spot fines for littering, and dog fouling. City Wardens can also issue on-the-stop fines for fly tipping offences. 

    Community Safety Officers will also be undertaking investigations where reports require more in-depth investigation.  

    Where notices are handed out, they will include information on the different methods of payment and dates by which they should be paid so these should be read carefully.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: More Average Speed Enforcement cameras are on the way in Coventry

    Source: City of Coventry

    Coventry City Council is getting ready to extend the Average Speed Enforcement (ASE) network by introducing four more ASE camera locations.

    These measures come following evidence that ASE has been effective across the rest of the network in recent years in a bid to improve road safety and further crackdown on speeding. Data from Transport for West Midlands shows that ASE locations across Coventry have had a significant impact, contributing to more than a 40% reduction in personal injury collisions.

    Moseley Avenue and Four Pounds Avenue, Wheelwright Lane and Holbrook Lane, and Alderman’s Green Road, including Parrotts Grove are the four new ASE corridors approved as part of the Council’s transport capital programme in March 2024. It’s all part of making major routes safer for all road users.  

    We work closely with West Midlands Police, who operate and undertake the enforcement of speed limits and provide historical evidence of collisions resulting in casualties, as well as speed surveys, which indicate that speeding is an issue within the current speed limit area.

    The cameras are due to go live in March/ April time 2025. 

    Councillor Patricia Hetherton, Cabinet Member for City Services said: “These cameras are not being put in place to raise money, the purpose is to keep people safe and to reduce the number of people killed and seriously injured on our roads. We have shown with the other ASE schemes we have introduced across the city that these cameras work to reduce the severity and number of personal injuries.

    “Road safety is a priority for the council and drivers should be getting used to these schemes by now and realise how irresponsible speeding is unacceptable. Avoidable collisions caused by speed and driving dangerously affects many people, so anything done to reduce this is great news for all residents. Just by slowing down and being aware of all others around them will make the city safer for us all.”

    Signs will go up well ahead cameras being switched on to ensure drivers are aware of the go live date for each new zone. We will be installing the bright yellow ASE camera equipment on columns across the four new corridors over the coming weeks. The signs will state the message ‘Average speed enforcement starting soon’ on this road.

    Average Speed Cameras record the registration of a car and calculate its speed by measuring the time taken to travel between set points and are seen as an effective way of reducing speed, as they can cover a longer stretch of road compared to other cameras. Data will be collected over time to give accurate information around speed reduction, collisions and injuries and will show how increased speeds relate to increased serious collisions and injuries.  

    Tuesday, 11th February 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Funding awarded to Nairnshire Community Regeneration projects

    Source: Scotland – Highland Council

    Two projects which will bring welcome improvements to Nairn beach and harbour have received a total of £19.8K from the area’s Community Regeneration Fund.

    Community Regeneration Funding is an umbrella term for a number of funds that are available for communities and organisations to access in Highland.

    The first project will help to make the popular East Beach Harbour and Pier area more accessible to people of all abilities. The area is very popular with walkers with its close proximity to various local amenities at the Nairn links. Enhancing the path network will help the area increase its visitation and more visitors to walk to nearby local businesses.

    The second project will look to install a beach shower unit at Nairn Links for beachgoers and those pursuing water sports. Nairn’s vibrant water sports community currently has no shower facilities so this addition will provide a convenient station for users to wash off sand and saltwater after their activities.

    Cllr Michael Green, Nairnshire Area Chair said: “We are delighted to support both projects which will bring welcome improvements to our coastal offering. Nairn beach and harbour is a popular spot for locals and visitors to stroll along and it is right that everyone should be able to enjoy this pastime, no matter their ability. The beach shower unit will also be a great addition to our beach front and its intended location close to the splashpad will help to maintain the operation of the Team Hamish site.

    “I can also confirm that the Committee has recently agreed an uplift to the Team Hamish Nairn Links Regeneration Phase 2 Project to include a new path section linking the Marine Road carpark passed the cottages to reach the Links path at the cricket pavilion. This is another development that will improve accessibility for all at the popular Links area.”

    11 Feb 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Nairn and Cawdor roads capital programme approved for 2025/26

    Source: Scotland – Highland Council

    A proposed list of prioritised roadworks has been agreed by Nairnshire Committee Members, which will be funded out of The Highland Council’s Capital Budget allocation for 2025/26.

    Councillors have agreed funding allocations for specified locations for roads resurfacing works including footpath reconstruction/resurfacing works which can be funded from the capital allocation.

    The estimated local allocation for Nairn and Cawdor (based on 2024/25) is £586K comprising £391K for overlay/inlay works and £195K for surface dressing works.

    Cllr Michael Green, Nairnshire Area Chair said: “I am pleased we were able to agree a list of prioritised roadworks which will make travel in and around the Nairn and Cawdor areas smoother and will result in improved transport links for locals, visitors and businesses.

    “We also recognise that there are some prioritised roads which will have works carried out should funds become available, such as any finalised increase in capital budget allocation and any potential underspend being carried forward.”

    The local allocations capital budget for 2025/26 remains to be established, which will be calculated from the approved capital budget allocation.

    The full list of prioritised roads for the Nairnshire area can be found in the Area Roads report to the Nairnshire Area Committee. 

    Reports are available to download from the Council’s website.

    11 Feb 2025

    MIL OSI United Kingdom –

  • MIL-OSI: ThreeD Capital Inc. Provides Update on TODAQ Investment

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 11, 2025 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK) (OTCQX:IDKFF), a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to congratulate TODAQ Micro Inc. (“TODAQ Micro”) on the successful commercialization of its technology.

    ThreeD is an investor in TODAQ Micro. Additionally, ThreeD owns 478,739 preferred shares in TODAQ Holdings Inc. (“TODAQ Holdings”), the parent company of TODAQ Micro, as well as owning five TODA Note Royalty Certificates (“TDN Royalties”) with an aggregate maximum value of USD$279,613,283. Each TDN Royalty entitles the holder to receive royalty payments over time to the holder’s micropayment node, subject to certain terms and conditions. Each TDN has been fixed at $USD 1 per TDN by TODAQ Holdings.

    TODAQ Micro is now releasing its groundbreaking TAPPTM micropayments solution to address long-standing inefficiencies in the digital economy.

    The company’s first commercial deployment is in the entertainment industry, where TODAQ Micro is enabling a revolutionary “fair trade Netflix” experience with a new video platform called Truce Plus (‘Truce+’). Producers, studios and distributors that own Tier 1 movie, show, and documentaries face multiple headwinds trying to sell to the leading content platforms. These challenges include poor negotiating power, loss of relationship with the viewing customer, low upfront payments and poor revenue share terms, delayed payments, and limited transparency and recourse to name just a few. By embedding micropayments into Truce+ digital content transactions, TODAQ Micro enables these content owners to go directly to consumer (DTC) with a frictionless, real-time, pay as you go model that also enables users to instantly buy and rent content in a few seconds without needing to subscribe or login. The content producers are paid in real time and can also instantly micro distribute those revenues to cast, crew and other supply chain payees eliminating nearly all back office costs. The first commercial movie powered by TAPP will be available in February and is called the Flamingo Effect and is produced by Truce Studios in Denver, CO. The first half dozen content titles that include both American and Canadian Tier 1 producers of movies and TV shows will be available in Q1 with over 100 titles being put on the platform by the end of the year. The Truce+ platform can also provide instant referral bonuses and awards to studios and viewers that bring in additional followers. Fortune Business Insights values the global video streaming market size at USD 674 billion in 2024 with growth to USD 2,661 billion by 2032, exhibiting a CAGR of 18.7% during the forecast period, driven by Increasing Demand for Video on Demand (VoD) streaming services.

    “There are almost too many places TAPP can be applied. Given the massive size and growth rate of the streaming industry it was a natural first place to focus. In addition, the market pain felt by the subscription fatigued consumer and the content producers who feel that they are not getting a fair deal means we have a unique ability to make the market much better and larger for both parties. TAPP represents the only deeptech powered platform capable of enabling full microtransaction VoD (or MVoD) as a new streaming market category,” said Hassan Khan, CEO of TODAQ Micro.

    TODAQ Micro has garnered significant recognition, recently being named a Top 8 FinTech Startup by the Government of Canada and sent to Silicon Valley as part of the Canadian Technology Accelerator Program with the Canadian Consulate in San Francisco. The company boasts strong strategic partnerships and finalized a partnership with Oracle in the summer of 2024 to ensure it has massive capacity to scale, and to provide the streaming industry with micropayable data labelling for video content and AI conversational agents that can close movie sales, take payments, and initiate micro-distributions. TODAQ Micro has deployed its technology on Oracle Cloud Infrastructure (OCI) and successfully demonstrated multi-cloud transactions between OCI and Amazon AWS without reliance on traditional payment processors or blockchain networks. This innovation enables businesses to monetize micro-services without locking customers into subscriptions, providing a cost-efficient, pay-as-you-go alternative.

    Traditionally, enabling secure, private online web payments with a 5 second checkout for a consumer have not been possible and micro-payments of less than a dollar are impractical due to high processing costs. TODAQ’s technology eliminates intermediaries, enabling seamless transactions for businesses and consumers alike. Rather than using a blockchain, TODAQ solved the problem by returning to the original architecture of the World Wide Web and added a new Web Application Protocol called ADOT to coexist alongside HTTPS, SMTP and other older protocols built to handle websites, emails and other data. TODAQ also added another cryptographic technology called TODA to ensure portable integrity for these new web asset transactions. Together TODA and ADOT enable any software system to create, update, verify and transfer unique digital assets without requiring payment and authentication rails, or blockchains. This project took over six years, and involved collaboration with Cambridge University researchers at the Cambridge Centre for Redecentralization (CRDC) and support from the UK Research and Innovation Ministry alongside private investment. TAPP is the first ADOT Web native commercial application created.

    Sheldon Inwentash, Chairman and Chief Executive Officer of ThreeD, commented: “TODAQ Micro has made tremendous advancements, achieving major milestones with the commercialization of its technology and attracting tier one strategic partners. It has emerged as a leader in providing micropayment solutions without the high costs traditionally associated with such transactions. We are very pleased to have been an early-stage investor in TODAQ and look forward to seeing the company continue to scale and disrupt the industry.”

    More information about TODAQ Micro can be found through the ThreeD YouTube channel where Hassan Khan, CEO of TODAQ Micro, is interviewed.

    About ThreeD Capital Inc.

    ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.

    For further information:

    Jakson Inwentash
    Vice President Investments
    jinwentash@threedcap.com
    Phone: 416-941-8900 ext 107

    The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

    Forward-Looking Statements

    This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of Canadian securities laws including, without limitation, statements with respect to future investments by the Company. All statements other than statements of historical fact are forward-looking statements. Often, but not always, these forward looking statements can be identified by the use of words such as “believe”, “believes”, “estimate”, “estimates”, “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “upgraded”, “offset”, “limited”, “contained”, “reflecting”, “containing”, “remaining”, “to be”, “periodically”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

    Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. Although the Company believes the expectations reflected in these forward-looking statements are reasonable, there can be no assurance they will prove accurate. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

    The MIL Network –

  • MIL-OSI: Lantronix Appoints Steve Burrington as Vice President of Global Research and Development

    Source: GlobeNewswire (MIL-OSI)

    IRVINE, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX) (“the Company”), a global leader of compute and connectivity for IoT solutions enabling AI Edge Intelligence, is proud to announce the appointment of Steve Burrington as Vice President of Global Research and Development. Burrington will oversee all aspects of product development and will play a key role in defining the Company’s technology direction as it continues to deliver innovative solutions to meet the demands of an evolving market.

    “Steve’s deep expertise in advanced product development and engineering leadership perfectly complements our Edge AI focus and mission to drive technological innovation and operational excellence,” said Saleel Awsare, Chief Executive Officer and President at Lantronix. “His leadership will be instrumental as we continue to align our technology and product strategies to achieve sustainable growth and market leadership in enabling Edge Intelligence with compute and connect.”

    Burrington brings more than 25 years of experience in engineering and technology leadership, specializing in LTE IoT, telematics, video product development and global engineering management. He has a proven ability to lead diverse, cross-functional teams and has successfully driven product innovations from concept through high-volume manufacturing. His leadership has consistently delivered results aligned with cost, schedule and performance objectives.

    During his career, Burrington has held senior leadership roles at Sierra Wireless and Netgear, where he managed global teams of over 150 engineers, directed operating budgets exceeding $35 million, and spearheaded the development of industry-leading hardware and firmware products. His extensive experience working with chipset vendors, ODMs, and structured development environments positions him well to enhance Lantronix’s R&D capabilities.

    “I am honored to join Lantronix during such an exciting time for the Company,” said Burrington. “I look forward to collaborating with the talented team here to innovate, execute and deliver products that define the future of Industrial IoT and Edge AI Intelligence. Together, we will continue to set the standard for excellence in our field.”

    About Lantronix

    Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth markets, including Smart Cities, Enterprise and Transportation. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that enable AI Edge Intelligence. Lantronix’s advanced solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.

    For more information, visit the Lantronix website.

    Lantronix Media Contact:
    Gail Kathryn Miller
    Corporate Marketing &
    Communications Manager
    media@lantronix.com

    Lantronix Analyst and Investor Contact:
    investors@lantronix.com

    © 2024 Lantronix Inc. All rights reserved. Lantronix is a registered trademark, and SLB and SLC are trademarks of Lantronix Inc. Other trademarks and trade names are those of their respective owners.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b21a60c7-74c8-4d08-9648-e5e8b8798774

    The MIL Network –

  • MIL-OSI: Diversified Energy’s Unique Strategy Produces Reliable Cash Flow and Strong Full Year 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    Seventh Year in a Row of Approximately 50% or Better Cash Margins

    Cash Flow Growth Initiatives Contributed Over $50 million in Cash Flow

    Company Returned Over $105 million to Shareholders in 2024

    BIRMINGHAM, Ala., Feb. 11, 2025 (GLOBE NEWSWIRE) — Diversified Energy Company PLC (LSE: DEC, NYSE: DEC) (“Diversified” or the “Company”) is pleased to announce the following operations and trading update for the year ended December 31, 2024.

    Delivering Reliable Results

    • Full-year 2024 average production of 791 MMcfepd (132 Mboepd)
      • 4Q24 average production of 843 MMcfepd (141 Mboepd)
      • December 2024 exit rate of 864 MMcfepd (144 Mboepd)
    • 2024 Adjusted EBITDA(a) of $470-$475 million; Adjusted Free Cash Flow(b) of $210-$215 million
    • 2024 Adjusted EBITDA Margin(a) of 50%and TTM Adjusted Free Cash Flow Yield(b) of 33%
      • 2024 Total Revenue, Inclusive of Settled Hedges per Unit(c) of $3.21/Mcfe ($19.28/Boe)
      • 2024 Adjusted Operating Cost per Unit(d) of $1.70/Mcfe ($10.22/Boe)

    Cash Flow Growth Initiatives

    • Announced fixed-price contract for gas delivery to a major Gulf Coast LNG export facility
    • Generated ~$42 million year-to-date in cash flow through divestiture of undeveloped leasehold
    • Recorded $8 million in impact to Adjusted EBITDA from Coal Mine Methane (“CMM”) Revenues

    Executing Strategic Objectives and Milestones

    • Retired over $200 million in debt principal through amortizing debt payments
    • Returned $105 million to shareholders, including $21 million in share buybacks(e)
    • Completed $585 million (gross) in strategic and bolt-on acquisition during 2024
    • Announced accretive bolt-on acquisition of southern Appalachia assets from Summit Natural Resources
    • Announced transformative $1.3 billion acquisition of Maverick Natural Resources
    • Marked one full year of trading on the New York Stock Exchange and as is customary, the Company expects to file a shelf registration with the US Securities and Exchange Commission

    Next LVL Milestones

    • The Company retired 202 operated wells in 2024, marking its third consecutive year to exceed its stated goal of retiring 200 wells per year
    • Next LVL Energy completed a total 287 well retirements, including Diversified’s wells and 85 wells associated with state-owned orphan wells and third-party operators

    Rusty Hutson, Jr., CEO of Diversified, commented:

    “Our team executed extremely well and continued to deliver solid results in 2024 that enabled us to advance our balanced capital allocation framework. Our strong results highlight our unique business model that strives to deliver consistent cash flow during the full range and volatility of commodity cycles. Aligned with our priorities, we generated significant cash flows, returned capital to investors, and paid down more than $200 million in debt principal, all while executing and integrating over $585 million in accretive acquisitions. Once again, our ability to deliver durable production and consistent cash flow throughout the year was a result of our team’s relentless execution of our strategies. We are committed to lowering costs and improving operational efficiencies across the organization, along with providing innovative solutions to extract hidden value from our asset base. The results we have achieved in 2024 strike at the heart of our business model and strategy.

    We believe that 2025 has the potential to be a transformative year for the Company as we work to execute our strategic initiative to become the premier public company focused on managing mature producing assets. The Company’s previously announced accretive acquisitions of Summit Natural Resources and Maverick Natural Resources are proceeding as planned, and we have received encouraging comments from both shareholders and the public debt and equity markets. During the past year, we have seen our strategy and our previous investment decisions yield increased performance in all aspects of our business model. We are optimistic about our future and confident that our current efforts will continue to position us well to have a significant positive impact on shareholder value.”

    Operations and Finance Update

    Production

    Diversified exited the year with December 2024 average production of 864 MMcfepd (144 Mboepd), up 11% versus the December 2023 exit rate of 775 MMcfepd (129 Mboepd), reflecting the cumulative effect of the Company’s 2024 acquisitions and industry-leading PDP declines of ~10% per year(f).

    Diversified ended the year with 4Q24 average production of 843 MMcfepd (141 Mboepd) and full-year 2024 average production of 791 MMcfepd (132 Mboepd).

    The Company’s production continues to be positively impacted by Diversified’s Smarter Asset Management (“SAM”) approach focused on the improvement and optimization of production profiles, development of efficiency gains and extension of well life, and the Company is well-positioned to again-deliver on a solid operational foundation for robust cash flows in 2025 with the additional impact of the recently announced acquisitions of Maverick Natural Resources and Summit Natural Resources.

    Margin, Realized Price and Total Cash Expenses per Unit

    Diversified’s resilient cash flow strategy is exemplified by the Company’s 2024 Adjusted EBITDA Margin of 50%, marking the Company’s seventh consecutive annual period of ~50% margins or higher.

    The Company’s commitment to responsibly hedge production and initiatives to expand revenue generation is reflected in 2024 Total Revenue, Inclusive of Settled Hedges per unit of $3.21/Mcfe ($19.28/Boe), with Financial Derivatives Settled in Cash delivering $151 million in cash flows, and Midstream & Other Revenue delivering $63 million in supplemental income during the year.

    Prudent expense management resulted in the stable Adjusted Operating Cost per Unit for 2024 of just $1.70/Mcfe ($10.22/Boe) representing a minimal 1% change when compared to the prior year.

          2024       2023      
        $/Mcfe   $/Boe   $/Mcfe   $/Boe   %
                         
    Total Commodity Revenue,Including the Impact of derivatives settled in cash   $ 3.05   $ 18.30     $ 3.27   $ 19.62     (7 )%
    Other Revenue1     0.16     0.98       0.13     0.75     31 %
    Average Realized Price1   $ 3.21   $ 19.28     $ 3.40   $ 20.37     (5 )%
                         
    Adjusted Operating Cost per Unit(d)     2024       2023      
        $/Mcfe   $/Boe   $/Mcfe   $/Boe   %
                         
    Lease Operating Expense2   $ 0.73   $ 4.40     $ 0.64   $ 3.83     15 %
    Midstream Expense     0.24     1.44       0.23     1.38     4 %
    Gathering and Transportation     0.31     1.86       0.32     1.92     (3 )%
    Production Taxes     0.12     0.72       0.21     1.26     (43 )%
    Total Operating Expense2   $ 1.40   $ 8.42     $ 1.40   $ 8.39     — %
    Employees, Administrative Costs and Professional Fees(g)     0.30     1.80       0.29     1.74     3 %
    Adjusted Operating Cost per Unit2   $ 1.70   $ 10.22     $ 1.69   $ 10.13     1 %
                         
    Adjusted EBITDA Margin(a)     50%       53%      
                         
    12024 excludes $0.06/Mcfe ($0.34/Boe) and 2023 excludes $0.09/Mcfe ($0.57/Boe) of other revenues generated by Next LVL Energy
    Values may not sum due to rounding; 2024 excludes $0.09/Mcfe ($0.54/Boe) & 2023 excludes$0.08/Mcfe ($0.48/Boe) of proceeds from land sales
    22024 excludes $(0.07)/Mcfe ($(0.40)/Boe) and 2023 excludes $(0.07)/Mcfe ($(0.43)/Boe) of expenses attributable to Next LVL Energy
    Values may not sum due to rounding
     

    Results of Hedging and Current Financial Derivatives Portfolio

    Diversified’s consistent application of the Company’s differentiated hedging strategy resulted in a 2024 weighted average natural gas hedge floor of $3.26/MMbtu and realized price of $2.49/MMBtu, providing insulation from historically low commodity prices and representing respective premiums of 44% and 10% to the 2024 NYMEX average Henry Hub settlement price of $2.27/MMbtu(h). The Company enters 2025 with ~80% of consolidated production hedged, and stands to benefit from the recent improvement in the forward strip. The table below reflects Diversified’s full-year hedge positions through calendar year 2027 as of December 31, 2024:

      GAS (Mcf)   NGL (Bbl)   OIL (Bbl)
      Wtd. Avg.
    Hedge
    Price(i)(j)    		   ~ % of
    Production
    Hedged(k)    		   Wtd. Avg.
    Hedge
    Price(i)    		   ~ % of
    Production
    Hedged(k)    		   Wtd. Avg.
    Hedge
    Price(i)    		   ~ % of
    Production
    Hedged(k)
                           
    FY25 $3.32   85%     $33.98   60%     $64.25   90%  
    FY26 $3.25   75%     $32.38   55%     $62.44   55%  
    FY27 $3.27   70%     $32.29   45%     $62.67   50%  
                                 

    Environmental Update

    Asset Retirement Progress and Next LVL Energy Update

    During the year, the Company exceeded its Appalachian well retirement commitments and stated plugging goals by retiring 202 Diversified-operated wells. Total well retirements by Next LVL Energy in Appalachia amounted to 287 wells, including 51 retirements associated with state orphan well programs.

    Next LVL Energy continues to be a strategic and value-additive component of Diversified’s vertically integrated operations focused on the full life cycle of operated wells and to provide third-party revenue to offset the cash costs associated with the retirement of operated wells.

    Acquisition Update

    2024 Acquisitions Update

    The Company’s previously announced acquisition of Oaktree Working Interests, Crescent Pass Energy assets and East Texas assets were successfully closed in the course of the year, representing $585 million (gross) in strategic, accretive acquisitions in 2024. These assets have been fully integrated into Diversified’s systems and processes, and are already benefiting from the Company focus on safe, efficient operations through the application of Smarter Asset Management.

    Summit Natural Resources

    Diversified’s previously announced acquisition of Appalachia and Alabama assets from Summit Natural Resources is proceeding as planned and the Company expects to close the transaction in the first quarter of 2025.

    Maverick Natural Resources

    As previously announced on January 27, 2025, Diversified has entered into a definitive agreement to acquire Maverick Natural Resources for total consideration of approximately $1,275 million. The acquisition of Maverick by Diversified (the “Acquisition”) adds immediate scale, increases liquids production, and creates a combined company with long-term free cash flow generation, superior unit cash margins, and a compelling sustainability profile.

    The Acquisition is expected to close during the first half of 2025, subject to customary closing conditions, including, among others, regulatory clearance and approval by Diversified shareholders for the issue and allotment of the Ordinary Shares pursuant to the merger agreement.

    2024 Annual Results and Conference Call Details

    Diversified will release its 2024 full-year results on Monday, March 17, 2025 and will host a conference call that day at 12:30 PM GMT (8:30 AM EDT) to discuss the Annual Results.

    Footnotes:

    (a) Adjusted EBITDA represents earnings before interest, taxes, depletion, and amortization, and includes adjustments for items that are not comparable period-over-period; As presented, Adjusted EBITDA includes the impact of the accounting basis for land sales; Adjusted EBITDA Margin represents Adjusted EBITDA (excluding the adjustment for the accounting basis on land sales) as a percent of Total Revenue, Inclusive of Settled Hedges; For purposes of comparability, Adjusted EBITDA Margin excludes Other Revenue of $16 million in 2024 and $28 million in 2023, and Lease Operating Expense of $19 million in 2024 and $21 million in 2023 associated with Diversified’s wholly owned plugging subsidiary, Next LVL Energy.
    (b) Free Cash Flow represents net cash provided by operating activities less expenditures on natural gas and oil properties and equipment and cash paid for interest; As used herein, Adjusted Free Cash Flow represents Free Cash Flow, plus cash proceeds from undeveloped acreage sales; Adjusted Free Cash Flow Yield is calculated using 2024 Free Cash Flow per share, divided by the 2024 average share price of $13.47; Free Cash Flow per Share calculated as Adjusted Free Cash Flow divided by average shares outstanding of 48,031,916 during the period.
    (c) Includes the impact of derivatives settled in cash; Excludes the impact of land sales during the period; For purposes of comparability, excludes certain amounts related to Diversified’s wholly owned plugging subsidiary, Next LVL Energy.
    (d) Adjusted Operating Cost represent total lease operating costs plus recurring administrative costs. Total lease operating costs include base lease operating expense, owned gathering and compression (midstream) expense, third-party gathering and transportation expense, and production taxes. Recurring administrative expenses (Adjusted G&A) is a Non-IFRS financial measure defined as total administrative expenses excluding non-recurring acquisition & integration costs and non-cash equity compensation; For purposes of comparability, excludes certain amounts related to Diversified’s wholly owned plugging subsidiary, Next LVL Energy.
    (e) Share repurchases include activity by Diversified’s Employee Benefit Trust.
    (f) Calculated as the rate of decline in average daily production from December 2023 to December 2024, adjusted to exclude the impact of acquisitions and divestitures.
    (g) As used herein, employees, administrative costs and professional services represents total administrative expenses excluding cost associated with acquisitions, other adjusting costs and non-cash expenses. We use employees, administrative costs and professional services because this measure excludes items that affect the comparability of results or that are not indicative of trends in the ongoing business.
    (h) Calculated as the average monthly settlement price for NYMEX Henry Hub futures contracts.
    (i) Weighted average price reflects the weighted average of the swap price and floor price for collar contracts as applicable.
    (j) MMBtu prices have been converted to Mcf using a richness factor of 1Mcf=1.036 MMBtu, calculated as the weighted average Btu richness factor for the twelve months ended December 31, 2024.
    (k) Illustrative percent hedged, calculated using December 2024 average production and assuming a consolidated annual corporate decline rate of 10%; Calculation assumes constant product mix over the illustrative decline period.
       

    For Company-specific items, refer also to the Glossary of Terms and/or Alternative Performance Measures found in the Company’s Annual Report and Form 20-F for the year ended December 31, 2023 filed with the United States Securities and Exchange Commission and available on the Company’s website.

    For further information, please contact:

    About Diversified Energy Company PLC

    Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our unique and differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

    Forward-Looking Statements

    This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and business of the Company and its wholly owned subsidiaries (the “Group”). All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. These forward-looking statements, which contain the words “anticipate”, “believe”, “intend”, “estimate”, “expect”, “may”,”should”,”intend”, “will”, “seek”, “continue”, “aim”, “target”, “projected”, “plan”, “goal”, “achieve” and words of similar meaning, reflect the Company’s beliefs and expectations and are based on numerous assumptions regarding the Company’s present and future business strategies and the environment the Company and the Group will operate in and are subject to risks and uncertainties that may cause actual results to differ materially. No representation is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results, performance or achievements of the Company or the Group to be materially different from those expressed or implied by such forward looking statements. Many of these risks and uncertainties relate to factors that are beyond the Company’s or the Group’s ability to control or estimate precisely, such as the expected timing and likelihood of completion of the Acquisition and the risk that problems may arrise in successfully integrating Maverick or that the combined company may not achieve synergies as expected,as well as factors such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of regulators and other factors such as the Company’s or the Group’s ability to continue to obtain financing to meet its liquidity needs, the Company’s ability to successfully integrate its other acquisitions, changes in the political, social and regulatory framework in which the Company or the Group operate or in economic or technological trends or conditions. The list above is not exhaustive and there are other factors that may cause the Company’s or the Group’s actual results to differ materially from the forward-looking statements contained in this announcement, including the risk factors described in the “Risk Factors” section in the Company’s Annual Report and Form 20-F for the year ended December 31, 2023, filed with the United States Securities and Exchange Commission ( the “SEC”) and the risk factors descibed in Exhibit 99.2 to the Company’s Form 6-k furnished with the SEC on January 27, 2025.

    Forward-looking statements speak only as of their date and neither the Company nor the Group nor any of its respective directors, officers, employees, agents, affiliates or advisers expressly disclaim any obligation to supplement, amend, update or revise any of the forward-looking statements made herein, except where it would be required to do so under applicable law. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements in this announcement, may not occur. As a result, you are cautioned not to place undue reliance on such forward-looking statements. Past performance of the Company cannot be relied on as a guide to future performance. No statement in this announcement is intended as a profit forecast or a profit estimate and no statement in this announcement should be interpreted to mean that the financial performance of the Company for the current or future financial years would necessarily match or exceed the historical published for the Company.

    Unaudited Financial Information

    Certain financial and operating results included in this announcement are based on unaudited estimated results. These estimated results are subject to change upon completion of the Company’s audited financial statements for the year ended December 31, 2024, and changes could be material. The Company anticipates publishing its audited financial results for the year ended December 31, 2024 on Tuesday, March 17, 2025.

    Use of Non-IFRS Measures

    Certain key operating metrics that are not defined under IFRS (alternative performance measures) are included in this announcement. These non-IFRS measures are used by us to monitor the underlying business performance of the Company from period to period and to facilitate comparison with our peers. Since not all companies calculate these or other non-IFRS metrics in the same way, the manner in which we have chosen to calculate the non-IFRS metrics presented herein may not be compatible with similarly defined terms used by other companies. The non-IFRS metrics should not be considered in isolation of, or viewed as substitutes for, the financial information prepared in accordance with IFRS. Certain of the key operating metrics are based on information derived from our regularly maintained records and accounting and operating systems. We have not presented reconciliations of the non-IFRS measures included in this announcement because the comparable IFRS measures will not be accessible until the Company’s audited financial results for the year ended December 31, 2024 are complete. The Company will include the comparable IFRS measures and reconciliations of the non-IFRS measures in its release of full-year results, which we expect to publish on Tuesday, March 17, 2025.

    The MIL Network –

  • MIL-OSI: Bread Financial Provides Performance Update for January 2025

    Source: GlobeNewswire (MIL-OSI)

    COLUMBUS, Ohio, Feb. 11, 2025 (GLOBE NEWSWIRE) — Bread Financial® Holdings, Inc. (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending, and saving solutions to millions of U.S. consumers, provided a performance update. The following tables present the Company’s net loss rate and delinquency rate for the periods indicated:

      For the
    month ended
    January 31,
    2025    		   For the
    month ended
    January 31,
    2024
      (dollars in millions)
    End-of-period credit card and other loans $ 18,366     $ 18,785  
    Average credit card and other loans $ 18,530     $ 18,915  
    Year-over-year change in average credit card and other loans   (2 %)     (9 %)
    Net principal losses $ 123     $ 128  
    Net loss rate   7.8 %     8.0 %
      As of
    January 31,
    2025    		   As of
    January 31,
    2024
      (dollars in millions)
    30 days + delinquencies – principal $ 1,032     $ 1,170  
    Period ended credit card and other loans – principal $ 16,874     $ 17,311  
    Delinquency rate   6.1 %     6.8 %

    About Bread Financial® 
    Bread Financial® (NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions to millions of U.S. consumers. Our payment solutions, including Bread Financial general purpose credit cards and savings products, empower our customers and their passions for a better life. Additionally, we deliver growth for some of the most recognized brands in travel & entertainment, health & beauty, jewelry and specialty apparel through our private label and co-brand credit cards and pay-over-time products providing choice and value to our shared customers.

    To learn more about Bread Financial, our global associates and our sustainability commitments, visit breadfinancial.com or follow us on Instagram and LinkedIn.

    Forward-Looking Statements

    This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements give our expectations or forecasts of future events and can generally be identified by the use of words such as “believe,” “expect,” “anticipate,” “estimate,” “intend,” “project,” “plan,” “likely,” “may,” “should” or other words or phrases of similar import. Similarly, statements that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements we make regarding, and the guidance we give with respect to, our anticipated operating or financial results, future financial performance and outlook, future dividend declarations, and future economic conditions.

    We believe that our expectations are based on reasonable assumptions. Forward-looking statements, however, are subject to a number of risks and uncertainties that are difficult to predict and, in many cases, beyond our control. Accordingly, our actual results could differ materially from the projections, anticipated results or other expectations expressed in this release, and no assurances can be given that our expectations will prove to have been correct. Factors that could cause the outcomes to differ materially include, but are not limited to, the following: macroeconomic conditions, including market conditions, inflation, interest rates, labor market conditions, recessionary pressures or concerns over a prolonged economic slowdown, and the related impact on consumer spending behavior, payments, debt levels, savings rates and other behaviors; global political and public health events and conditions, including ongoing wars and military conflicts and natural disasters; future credit performance, including the level of future delinquency and write-off rates; the loss of, or reduction in demand from, significant brand partners or customers in the highly competitive markets in which we compete; the concentration of our business in U.S. consumer credit; inaccuracies in the models and estimates on which we rely, including the amount of our Allowance for credit losses and our credit risk management models; the inability to realize the intended benefits of acquisitions, dispositions and other strategic initiatives; our level of indebtedness and ability to access financial or capital markets; pending and future federal and state legislation, regulation, supervisory guidance, and regulatory and legal actions, including, but not limited to, those related to financial regulatory reform and consumer financial services practices, as well as any such actions with respect to late fees, interchange fees or other charges; impacts arising from or relating to the transition of our credit card processing services to third party service providers that we completed in 2022; failures or breaches in our operational or security systems, including as a result of cyberattacks, unanticipated impacts from technology modernization projects or otherwise; and any tax or other liability or adverse impacts arising out of or related to the spinoff of our former LoyaltyOne segment or the bankruptcy filings of Loyalty Ventures Inc. (LVI) and certain of its subsidiaries and subsequent litigation or other disputes. In addition, the Consumer Financial Protection Bureau (CFPB) has issued a final rule that, absent a successful legal challenge, will place significant limits on credit card late fees, which would have a significant impact on our business and results of operations for at least the short term and, depending on the effectiveness of the mitigating actions that we have taken or may in the future take in anticipation of, or in response to, the final rule, may potentially adversely impact us over the long term; we cannot provide any assurance as to the effective date of the rule, the result of any pending or future challenges or other litigation relating to the rule, or our ability to mitigate or offset the impact of the rule on our business and results of operations. The foregoing factors, along with other risks and uncertainties that could cause actual results to differ materially from those expressed or implied in forward-looking statements, are described in greater detail under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the most recently ended fiscal year, which may be updated in Item 1A of, or elsewhere in, our Quarterly Reports on Form 10-Q filed for periods subsequent to such Form 10-K. Our forward-looking statements speak only as of the date made, and we undertake no obligation, other than as required by applicable law, to update or revise any forward-looking statements, whether as a result of new information, subsequent events, anticipated or unanticipated circumstances or otherwise.

    Contacts 
    Brian Vereb — Investor Relations 
    Brian.Vereb@breadfinancial.com 

    Susan Haugen — Investor Relations 
    Susan.Haugen@breadfinancial.com 

    Rachel Stultz — Media 
    Rachel.Stultz@breadfinancial.com 

    The MIL Network –