Category: Transport

  • MIL-OSI Global: How the war in Ukraine has made flying worse for the climate

    Source: The Conversation – UK – By Viktoriia Ivannikova, Assistant Professor in Aviation Management, Dublin City University

    UladzimirZuyeu/Shutterstock

    Some long-haul flights connecting Europe and Asia are emitting 40% more CO₂ since the Russian invasion of Ukraine in February 2022, my new study shows. The spike is largely due to airspace closures above conflict zones which are forcing airlines to seek alternative routes, significantly increasing flight times. Longer flights consume more fuel and increase the operating costs for airlines, quite apart from their contribution to climate change.

    The research I led with colleagues highlights how conflicts contribute to climate change in unexpected ways. Understanding this is crucial for tackling aviation’s environmental footprint.

    The war in Ukraine closed the country’s airspace and limited access to the airspace of the Russian Federation and Belarus. This amounts to the biggest closure of airspace since the cold war, spanning 18 million km².

    Airlines that previously flew in Russian or Ukrainian airspace on routes between Europe and Asia, North America and Asia, and North America and the Middle East now take significant detours. For example, Finnair’s flight AY73 from Helsinki to Tokyo now covers an additional 3,131 kilometres, extending flight times by up to 3.5 hours. North American flights to Asia have been rerouted over the Arctic and Central Asia.

    Safety concerns and geopolitical sanctions have forced airlines to carefully navigate around restricted zones.

    The situation is further complicated by restrictions in other conflict regions – including the Middle East, where the airspaces of Syria, Yemen and Iraq are also considered no-fly zones for many airlines. The global aviation map has been redrawn, forcing airlines to adapt quickly to a new and challenging reality.

    Several international flights now skirt war zones.
    Viktoriia Ivannikova

    This has been accompanied by significant costs, both financially and to the climate. We analysed 14 long-haul routes between Europe and Asia that were affected by airspace restrictions and operated by three European airlines: Finnair, LOT Polish and Lufthansa.

    The findings are striking: rerouted flights burn an additional 23 to 28.5 tonnes of fuel per journey, releasing an extra 72 to 90 metric tonnes of CO₂. That’s equivalent to the annual emissions of several cars for a single flight.

    Airlines have also reported significant operating cost increases due to the extra flight hours, including higher fuel consumption, air navigation charges and crew salary increases. Our analysis showed that on certain routes between Europe and Asia, costs have risen by between 19% and 39%, while emissions have increased by between 18% and 40%, depending on the airline.

    On routes from Warsaw to Beijing, Warsaw to Tokyo and Warsaw to Seoul, LOT Polish Airlines has reported an increase of 23% in average aircraft operating costs following flight restrictions. CO₂ emissions on these routes have increased by 24% and ticket prices have also risen.

    Finnair, which historically relied on Russian airspace for efficient Europe-Asia connections, appears to be the most affected carrier. Following flight restrictions, aircraft operating costs on the routes from Helsinki to Shanghai, Helsinki to Tokyo and Helsinki to Seoul have risen by 39%, while average CO₂ emissions on these routes have increased by 40%.

    Our findings shed new light on the massive carbon footprint of war, which is often overlooked in climate policy. Using a forecasting model with specialised software, we found that continued avoidance of the airspaces of Russia and Ukraine could increase all aviation-related CO₂ emissions globally by up to 29% in 2025, compared with 2022.

    Aviation already accounts for 2.5% of global CO₂ emissions, and this figure is expected to grow as air travel expands.

    Aeroplanes seed heat-trapping clouds that amplify their climate impact.
    Peter Gudella/Shutterstock

    Our findings demonstrate that the need to decarbonise transport cannot be separated from broader geopolitical issues. As wars and conflicts reshape airspace availability, they also worsen aviation’s carbon footprint. It’s not just the airline industry that bears these costs – we all do, in the form of rising temperatures and a changing climate.

    What action needs to be taken?

    While the challenges are significant, there are solutions.

    Upgrading airline fleets with more fuel-efficient aircraft, such as the Airbus A350 and Boeing 787, can help to reduce CO₂ emissions by roughly 20%–25% compared with older aircraft models, such as the Boeing 777-200ER or Airbus A330-200.

    Optimising flight paths using advanced air traffic management systems could help too. These systems, allow aircraft to choose the shortest and most efficient paths and can reduce unnecessary detours.

    International agreements to manage airspace collectively during times of conflict can keep essential flight corridors open and ensure airlines avoid inefficient rerouting.

    Airlines are investing in sustainable aviation fuels, which emits less than traditional kerosene – but insufficient supplies, high costs and other challenges make this an expensive and partial solution. With no viable low-carbon alternatives for aircraft, reducing air travel should be the priority.

    As researchers, we see our findings as a call to action. By understanding the environmental consequences of conflict, we can work towards a more sustainable future for aviation and the planet.


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

    ref. How the war in Ukraine has made flying worse for the climate – https://theconversation.com/how-the-war-in-ukraine-has-made-flying-worse-for-the-climate-249039

    MIL OSI – Global Reports

  • MIL-OSI Global: AI is transforming the search for new materials that can help create the technologies of the future

    Source: The Conversation – UK – By Domenico Vicinanza, Associate Professor of Intelligent Systems and Data Science, Anglia Ruskin University

    Battery technology is one area that can benefit from the development of novel materials. IM Imagery / Shutterstock

    From the bronze age to the Industrial Revolution and beyond, the discovery and development of new materials has been a driving force in human history. These novel materials have helped advance technology and shape civilisations.

    Today, we are at the beginning of a new era, where artificial intelligence (AI) seems to be in the perfect position to transform the search for useful materials. This looks set to completely change the approach to their investigation, creation and testing.

    In ancient times, human civilisations experimented with natural resources to create tools and artifacts. The bronze age, in the mid-4th millennium BC, was a significant milestone. Bronze, an alloy of copper and tin, led to the development of stronger tools and weapons, as well as advancements in agriculture and construction.

    Bronze is often referred to as the first “new material” created by humans. We took different elements and created something new, with better properties that either ingredient and unique qualities. The invention of glass in ancient Mesopotamia around 3,500BC was another groundbreaking moment.

    A superconductor (the dark material) makes a magnetic cube levitate. The field of the magnet induces currents in the superconductor that generate an equal and opposite field, balancing out the gravitational force on the cube.
    Oak Ridge National Laboratory

    Fast forward to the 20th century and the discovery of plastic polymers, ceramics and superconductors opened new frontiers in technology. Ceramics, known for their durability and heat resistance, became a staple in industries from aerospace to electronics.

    Superconductors, materials that can conduct electricity with zero electrical resistance, are already used in maglevs (magnetic levitation trains), particle accelerators and medical devices.

    AI enters the fray

    Searching for new materials that could help drive the development of the next groundbreaking technologies has previously been a long and expensive process. This has been due to the complexity of many materials at the atomic and molecular levels. Traditional methods are essentially based on trial and error and need specialised equipment and resources.

    The inherent uncertainty and risk in material discovery further complicates and lengthens the process. However, advancements in AI, including in a subset of AI called machine learning, are beginning to transform the whole landscape, enabling more efficient and targeted approaches. In machine learning, mathematical rules called algorithms learn from data to improve at tasks without human intervention.

    The main shift is a new methodology based on “generative” AI systems, which can create new content. AI systems can now directly produce novel materials when provided with desired properties and constraints.

    Earlier this month, a team at Microsoft published a paper in Nature that introduced a pair of AI tools for the design of inorganic materials (those not based around the element carbon).

    AI tools can generate thousands of potential materials within a short space of time.
    Yurchanka Siarhei / Shutterstock

    These tools play complementary roles in materials discovery. They are called MatterGen and MatterSim. The first one creates new candidate materials, and the second filters and validates them – to ensure they could be made in the real world.

    The specific desired properties that can be incorporated through MatterGen include a specific symmetry, or mechanical, electronic and magnetic properties.

    Unlike traditional methods that mostly rely on intuition (along with extensive and tedious experimentation), MatterGen can generate thousands of potential materials with specific desired properties in a fraction of the time.

    This AI-led approach accelerates the initial stages of material design. It allows researchers to explore a broader range of possibilities and focus on the most promising candidates.

    MatterSim applies rigorous computer analysis to predict the stability and viability of these proposed materials. This predictive capability helps filter out theoretical possibilities from physically feasible ones. This ensures that only stable materials move forward in the discovery process.

    New tools in the box

    At this point, we might wonder, what does a new material, identified through this process, look like? MatterSim is mostly focusing on crystals, or more appropriately unique crystalline structures with a specific arrangement of atoms.

    These structures are tailored to meet precise property constraints, making them suitable for various applications. These include high energy batteries, flexible electronics, displays, solar panels or advanced medical implants.

    Flexible electronics are another area where materials discovery could drive advances.
    Peter Sobolev

    Microsoft’s powerful duo, however, is not alone in its quest. Google DeepMind’s Graph Networks for Materials Exploration (Gnome) is another tool promising to dramatically speed up the discovery process. Gnome uses a form of AI that’s inspired by the human brain called deep learning. It predicts the stability of new materials, significantly shortening the exploration and discovery phase.

    In a paper published in 2023, researchers from Google DeepMind demonstrated that their AI model could identify 2.2 million new stable materials. Some 736 of these have already been experimentally realised. This is a tenfold increase over previous methods. These materials, many of which were previously unknown to human chemists, have potential applications in clean energy, electronics, and more.

    Even if both Google’s Gnome and Microsoft’s MatterGen are AI-based, they differ in their approaches and, in some ways, provide complementary methodologies. Gnome predicts the stability of new materials by creating variations on existing structures, and it focuses on identifying stable crystalline materials.

    MatterGen, on the other hand, employs a generative AI model to directly engineer novel materials based on specific design requirements. It creates material structures by changing elements, positions and periodic lattices (a repeating structure in three dimensions).

    The implications of AI-driven material discovery are vast. They could potentially lead to innovations in fields such as energy storage and environmental sustainability. One of the most promising applications is, for example, the development of new batteries.

    As the world makes the transition to renewable energy sources, the demand for efficient, long lasting batteries has grown and will continue to do so. AI tools can help researchers design and identify new materials able to support higher energy densities, faster charging times and longer lifespans.

    Beyond energy storage, new materials can be used to design new medical devices, implants and even drug delivery systems. This could improve patient outcomes and advance medical treatments.

    In aerospace, lightweight, durable materials could enhance the performance and safety of aircraft and spacecraft. Meanwhile, new materials for water purification, carbon capture, and waste management could address pressing environmental challenges.

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

    ref. AI is transforming the search for new materials that can help create the technologies of the future – https://theconversation.com/ai-is-transforming-the-search-for-new-materials-that-can-help-create-the-technologies-of-the-future-249392

    MIL OSI – Global Reports

  • MIL-OSI China: New freight train route links China’s Chongqing with Afghanistan

    Source: China State Council Information Office

    A freight train, loaded with communication equipment and other products, departed from southwest China’s Chongqing Municipality on Monday and is expected to arrive in Afghanistan in 12 to 15 days.

    This marked the inauguration of a new direct freight train route, which passes through Kazakhstan, Uzbekistan and other countries, between Chongqing and Afghanistan.

    The communication equipment aboard the train, manufactured by Chinese telecom firm ZTE, will be used in the development of local communication networks in Afghanistan.

    “Via direct freight train services, the transportation duration has been reduced by three to five days compared to previous road transport, and logistics costs are expected to be cut back by 15 to 20 percent,” said Liu Jianfeng with ZTE.

    “The successful launch of the direct freight train from Chongqing to Afghanistan marks another effort in deepening our economic and trade cooperation with Central Asian countries,” said Xu Runqiu, an executive at the Yuxin’ou (Chongqing) supply chain management company.

    In recent years, Chongqing has been striving to elevate itself into a comprehensive inland hub, with the number of China-Europe freight trains and those heading to Central Asian countries departing from the city, along with cargo volumes, growing.

    To date, more than 18,000 trains covering over 50 regular routes linking the city with European and Central Asian countries have been dispatched, reaching over 100 hub cities and regions across Asia and Europe.

    In March 2011, the China-Europe freight train (Yuxin’ou) service was launched from Chongqing to Duisburg, establishing a direct overland trade corridor between China and Europe.

    MIL OSI China News

  • MIL-OSI Europe: ASIA/MYANMAR – A Catholic church hit by bombing in Chin State

    Source: Agenzia Fides – MIL OSI

    diocese of Mindat

    Mindat (Agenzia Fides) – The Myanmar army has carried out air strikes that have seriously damaged the Catholic church of the Sacred Heart of Jesus in Mindat, in the state of Chin, in the northwest of the country. This church had recently been chosen as the cathedral of the diocese of Mindat, erected on January 25 by Pope Francis, separating the territory from the diocese of Hakha.According to local sources of Fides, in recent months Mindat has been the scene of clashes between the Chinland Defence Force (CDF) and the Myanmar army. The CDF, which emerged in opposition to the military junta, managed to take control of the territory and, in January, officially declared the area as “liberated”. In several border regions, these militias have allied themselves with ethnic armed groups that have been fighting for greater autonomy for decades.The bombing of the cathedral took place on February 6, but news of it has only just come to light. Several bombs hit the building, damaging the roof and stained glass windows, rendering it unusable. No injuries were reported, as priests and faithful had left the area due to insecurity and fighting. In recent days, local priests had carried out inspections of the church to plan for upcoming liturgical celebrations, including the consecration of the newly appointed bishop, Father Augustine Thang Zawm Hung, until now parish vicar of the Sacred Heart in Mindat. The attack has caused consternation among the faithful, although the community has expressed its determination to repair the church. “We are very sad that our church has been hit by the bombs. It is a wound in our heart. But we will not let ourselves be defeated. We will rebuild it,” said the local priest, Fr. Paulinus. “We are certain that the Lord will ‘bombard’ us with his grace and blessing: this will bring peace and prosperity to our people.” The diocese of Mindat, located in the south of Chin State, has a population of about 360,000 inhabitants, of whom about 15,000 are Catholics, in a region that is predominantly Christian of other denominations. The diocese has 23 parishes, 48 diocesan priests, three religious men, 21 nuns, as well as 40 minor seminarians and seven major seminarians. As the faithful of Chin face these difficult times, in the archdiocese of Yangon a special jubilee pilgrimage was held on February 9 to the Marian shrine of Nyaungbelin, in the Bago region, on the occasion of the feast of Our Lady of Lourdes. More than 3,000 people took part in the pilgrimage, praying for peace and entrusting themselves to the Virgin Mary.“Bishops, priests, religious and Catholic faithful, together with Buddhists, Muslims and Hindus, have prayed to Our Lady of Lourdes for peace in Myanmar and in the world,” said a statement from the diocese. (PA) (Agenzia Fides, 10/2/2025)
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    MIL OSI Europe News

  • MIL-OSI Europe: ASIA/HOLY LAND – Israeli Jesuit David Neuhaus: the plan to remove Palestinians from Gaza feels like a kick in the stomach

    Source: Agenzia Fides – MIL OSI

    youtube

    Jerusalem (Agenzia Fides) – “We are in no hurry”. This is how US President Donald Trump yesterday offered an important detail regarding the plan for the reconstruction and development of the Gaza Strip under the direct control of the United States that he presented last week during the visit to Washington of Israeli Prime Minister Benjamin Netanyahu. Speaking to journalists aboard Air Force One that was taking him to New Orleans to watch the Superbowl, the US President said that Gaza must be thought of as “a large real estate site, and the United States will take possession of it, and develop it slowly, very slowly”, to bring “stability to the Middle East”.From Moscow, Kremlin spokesman Dmitry Peskov, when asked about the ‘Trump plan’ on Gaza, also took his time, reporting that “For now we do not know the details, so we must be patient”.On the other hand, Father David Neuhaus, interviewed by Fides, has no hesitation. For him, the conjectures circulating in recent days on the future of the Gaza Strip felt like “a kick in the stomach”.Israeli Jesuit and professor of Sacred Scripture, David Neuhaus was born in South Africa to German-Jewish parents who fled Germany in the 1930s, he was also in the past Patriarchal Vicar for the Hebrew-speaking Catholics and for the Pastoral Among Migrants.Father Neuhaus, what considerations can be made in view of the recent proposals that have emerged on the future of Gaza?DAVID NEUHAUS: Trump, the president of the United States has a vision for Gaza, which he shared with the world on February 4, 2025. Mr. Netanyahu, prime minister of Israel, was visiting him. It felt like a kick in the stomach. And I am not even a Palestinian. I am an Israeli.What in particular are you referring to?NEUHAUS: Trump’s boldly proclaimed plan is to transform the Gaza Strip from the heaps of rubble left by Israel’s military campaign, into a luxurious riviera. In that vision, there is no place for the people who call Gaza home. That population must be moved out (to where is far from clear). This is yet another stage in the removal of Palestinians from Palestine…Do you see what is happening as part of a process?NEUHAUS: Yes. It is a process that began long time ago. E che ha causato anche la concentrazione di popolazione palestinese nella Striscia di Gaza. It was back in 1947/1948 that the population of Gaza more than tripled with the influx of those expelled by the Israelis from their homes inside Israel, making Gaza one of the most densely populated areas in the world. Mr. Trump spoke only about Gaza but Mr. Netanyahu’s administration has already begun to work on the West Bank, sowing Gaza-like destruction in the cities of Jenin and Tulkarm. Thousands of Palestinians have already been expelled from their homes.Are the new ideas about the future of Gaza the only way to imagine the present and future of the Jewish state in the context of the current Middle East?NEUHAUS: Trump and Netanyahu’s vision is quite different from that of Peter Beinhart, a Jewish American journalist. I strongly recommend his latest book, “Being Jewish after the Destruction of Gaza: A Reckoning” as an antidote to the discourse coming from US and Israeli leadership. Beinhart reconstructs Jewish identity in the light of what has been happening in the past months, adamantly insisting that Israel’s only way forward is to ensure equality for all its citizens. Beinhart, whose parents were Jewish South Africans, has fully assimilated the message of the struggle against apartheid. Another prophetic voice, that of Israeli activist Orly Noy, the chair of the Israeli Information Center for Human Rights in the Occupied Territories B’tselem, proclaimed unequivocally: “The war will end only when Israeli society realizes that it is not only immoral but also impossible to secure our existence through the oppression and subjugation of another people — and that the people we imprison, bomb, starve, and rob of their freedom and land are entitled to the exact same rights as we are, down to the last note”. (GV) (Agenzia Fides, 10/2/2025)
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    MIL OSI Europe News

  • MIL-OSI USA: ICE HSI San Antonio and our law enforcement partners arrest dangerous criminal aliens during South Texas enforcement action

    Source: US Immigration and Customs Enforcement

    February 10, 2025San Antonio, TX, United StatesEnforcement and Removal

    SAN ANTONIO – U.S. Immigration and Customs Enforcement, Homeland Security Investigations, along with our law enforcement partners, conducted routine, daily enforcement actions in South Texas that began during the week of Jan. 22.

    Some of the most violent criminal aliens HSI apprehended and removed from the community, include:

    • A 35-old Mexican male convicted of drug trafficking and prior deportation, is now facing re-entry after deportation charges. He remains in federal custody.
    • A 37-year-Honduran male and MS-13 member, convicted of felony fraud and felony weapon offenses remains in federal custody pending his removal from the United States.
    • A 53-year-old Mexican male convicted of aggravated assault causing bodily injury, possession of a controlled substance. The criminal alien has been previously removed and is now facing re-entry after deportation charges. He remains in federal custody.
    • A 30-year-old Honduran male convicted for DWI, forgery and re-entry after deportation, remains in federal custody pending his removal from the United States.

    “HSI San Antonio remains steadfast in its mission to apprehend individuals who pose a significant threat to public safety,” said HSI San Antonio Special Agent in Charge Craig Larrabee. “The arrest of these individuals who have flagrantly violated immigration laws and are actively involved in criminal enterprise, is a vital step in strengthening and protecting our communities and the country’s borders.”

    Individuals can report suspicious criminal activity to the ICE Tip Line 24 hours a day, seven days a week by calling 1-866-DHS-2-ICE.

    MIL OSI USA News

  • MIL-OSI USA: ICE HSI assists Peru’s National Police in large joint operation to arrest Tren de Aragua members

    Source: US Immigration and Customs Enforcement

    LIMA, Peru – U.S. Immigration and Customs Enforcement supported the National Police of Peru in Lima to arrest and dismantle the illicit activities of Tren de Aragua members in the country, Feb. 7.

    Members of ICE Homeland Security Investigations Lima and the ICE HSI Transnational Criminal Investigations Unit supported more than 300 National Police of Peru officers from the Directorate Against Human Trafficking and Illicit Migrant Trafficking in an operation which targeted at least eight specific locations in Santa Anita, San Martin de Porres, and Puente Piedra in Lima, Peru. Approximately 23 individuals suspected of being involved with a human trafficking network were arrested, and more than 80 human trafficking victims were rescued, including three minors.

    “Peru is a dedicated partner in the fight against transnational criminal organizations like Tren de Aragua,” said ICE HSI Lima Attaché Paul Salamon. “Together, ICE HSI and the National Police of Peru are protecting our nations to ensure the safety of our citizens,”

    “Last night, an operation was carried out with the support of ICE HSI Lima to dismantle the remnants of the criminal organization Tren de Aragua in various districts in Peru,” said National Police of Peru General Aldo Juan Ávila Novoa from the Directorate Against Human Trafficking and Illicit Migrant Trafficking. “We have deployed a force of 300 police officers from specialized units and the Shock Force, such as the National Division of Special Operations and the GRECCO group.”

    “Transnational criminal organizations have no place in the strong, secure and prosperous region we are building with our partners,” said U.S. Ambassador to Peru Stephanie Syptak-Ramnath. “The success of this operation, led by the Peruvian National Police with the support of the United States, is a testament to the great work we can accomplish together to improve the security of our citizens and our shared region.”

    Members of the public with information related to criminal activities of transnational organizations can submit an anonymous tip by calling 877-4-HSI-TIP.

    MIL OSI USA News

  • MIL-OSI: Groundbreaking Formal Verification Further Enhances the Quality of CHERIoT-Ibex

    Source: GlobeNewswire (MIL-OSI)

    CAMBRIDGE, United Kingdom, Feb. 10, 2025 (GLOBE NEWSWIRE) — lowRISC C.I.C., the open silicon ecosystem organisation, today announced the addition of formal verification to the toolbox of open source design verification (DV) techniques used to ensure the commercial level quality of the Microsoft-created CHERIoT-Ibex core, the processor at the heart of the UKRI-funded Sonata™ platform.

    CHERIoT-Ibex pipeline with specification installed using a pipeline follower

    Prof. Tom Melham and Louis-Emile Ploix of the University of Oxford, and Alasdair Armstrong of the University of Cambridge, have created an extensive formal verification framework to establish observational equivalence, using unbounded proofs, between the hardware and the RISC-V International Sail specification of instruction behaviour. This greatly strengthens confidence in the design’s conformance to the specification. The verification uses the Cadence Jasper™ tool, along with new Sail support to automatically build a SystemVerilog reference model from the specification. They describe their work in a pre-print paper published on arXiv, and have collaborated with Microsoft to upstream this into the open source CHERIoT-Ibex repository.

    CHERIoT-Ibex is Microsoft’s open-source extension of lowRISC’s Ibex®, a 32-bit RISC-V processor. CHERIoT provides fine-grained memory protection for embedded systems, which deterministically mitigates over two thirds of memory vulnerabilities and enables efficient compartmentalization. Of course, it is critical that the hardware correctly implements the CHERIoT extension to ensure that the security guarantees it offers are valid. “Correct” implementation is defined in a standardised way for RISC-V using Sail. This is a domain-specific language which describes, in a formal but readable fashion, exactly what each processor instruction does.

    This new formal verification framework and proof developed by the University of Oxford, the University of Cambridge, and lowRISC takes the formal specification for CHERIoT — written in Sail — and checks that for any stream of instructions the CHERIoT-Ibex implementation performs the same memory operations. This equivalence checking is decomposed into multiple steps to help the tool converge, by first proving simple properties, then using those to prove more and more complex ones. It is important to note that the proofs developed as part of this work are different from the more common bounded proofs, where only a limited amount of system evolution is explored for counter-examples. By contrast, unbounded proofs hold true for all possible executions. While no single verification technique should be relied on in isolation, a formal proof (in combination with a traditional functional verification flow) significantly increases confidence in the design.

    Besides the work on CHERIoT-Ibex, lowRISC has also published an adaptation of this proof for regular Ibex (which of course also has extensive conventional DV), the main microprocessor core used in the OpenTitan® root of trust.

    “We’re thrilled to see the achievement of this milestone, demonstrating that well managed open-source silicon designs can not just match the DV quality of commercial IP, in some cases they’re beginning to lead the field,” said Dr. Gavin Ferris, CEO of lowRISC. “The successful formal verification of CHERIoT-Ibex exemplifies our Silicon Commons approach, bringing the best of industry, academia and the open source community together through collaborative engineering — and moving the game forward for everyone. Now, not only can companies bring products to market cheaper and faster by leveraging open-source silicon designs, they can do so with the strongest possible assurance that specification fidelity has been maintained. We’re proud to have worked with Microsoft, the University of Oxford, University of Cambridge and Cadence to help make this fantastic result possible.”

    “The CHERIoT-Ibex project has been an ideal challenge for our formal verification research at Oxford, which aims at both scientific innovation and strong real-world impact,” Professor Tom Melham and lead verification engineer Louis-Emile Ploix said. “We are delighted that our work has significantly helped to increase confidence in the commercial-grade quality of Microsoft’s CHERIoT-Ibex core, driven by the development of a new Sail to Verilog compiler by our colleagues at the University of Cambridge, and demonstrated new methodology for RISC-V formal verification. Our hope is that other RISC-V verification projects can substantially benefit from our experience, through our publications and open source formal verification code.”

    “We are excited to see this formal verification milestone, building on the Sail formal specifications of RISC-V, CHERI RISC-V, and CHERIoT developed by multiple partners over recent years,” said Professor Peter Sewell at the University of Cambridge. “This links formal specifications of the instruction set, previously used for architecture design, hardware testing, software development, and formal reasoning about software, all the way down to the detailed hardware design. The work shows that full formal verification is viable for such designs with reasonable effort.”

    “Finding and fixing bugs early in the design cycle is crucial to address the fast growing complexity of chip design. Formal verification is a key technology that allows teams to boost the functional verification productivity, reduce costs, improve quality, and ensure more reliable designs in less time,” Ziyad Hanna, Corporate Vice President of Cadence Design Systems, said. “We’re delighted that Cadence Jasper Formal Verification Platform has been instrumental in supporting this effort, contributing to the future of secure computing.”

    lowRISC would like to thank all the supporters of the Sunburst project, with special thanks to Microsoft for contributing the core CHERI implementation within the CHERIoT-Ibex processor and making it open source. “Microsoft is thrilled to upstream an extensive formal verification framework and proof to the open-source CHERIoT-Ibex repository. The CHERIoT-Ibex core augments lowRISC’s Ibex with the CHERIoT ISA extension,” said Tony Chen, Partner Security Architect at Microsoft. “The formal verification pioneered by Oxford University has instilled an unmatched level of confidence in the CHERIoT-Ibex core.”

    CHERIoT-Ibex is the processor core of Sonata which puts CHERI technology into the hands of embedded-system engineers. Sonata is part of the Sunburst project, which is funded by DSbD and UKRI (Grant Number 107540). The early, foundational work at Oxford on the formal verification of CHERIoT-Ibex was funded by DSbD and UKRI as part of the SCorCH project (EPSRC Grant Number EP/V000225/1).

    About lowRISC®
    Founded in 2014 at the University of Cambridge Department of Computer Science and Technology, lowRISC is a not-for-profit company/CIC that provides a neutral home for collaborative engineering to develop and maintain commercial-quality open source silicon designs and tools for the long term. The lowRISC not-for-profit structure combined with full-stack engineering capabilities in-house enables the hosting and management of high-quality projects like OpenTitan and Sunburst via the Silicon Commons® approach.

    Media Contact
    lowRISC@w2comm.com

    An infographic accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/432a234b-dca0-44be-9118-91ca2b8996c4

    The MIL Network

  • MIL-OSI Economics: A Stronger Engine for Middle East and North Africa’s Growth

    Source: International Monetary Fund

    The Managing Director’s Keynote Speech at the Ninth Arab Fiscal Forum, Dubai, UAE

    February 10, 2025

    Assalamu alaikum, your excellencies. I would like to thank Minister Al Hussaini for the United Arab Emirates’ continued warm hospitality in hosting this important annual event, as well as his excellent leadership of the World Bank’s Development Committee.

    It is a privilege to address you at the ninth Arab Fiscal Forum. Over the years, the IMF and Arab countries have always had a strong and productive partnership. Today, this partnership is more vital than ever as the world and this region undergo significant economic, technological, and geopolitical shifts—a point that I will reflect on later.

    In my remarks, I will explore how Arab countries can leverage fiscal policy to transform their economies for the future, and harness technology and investment opportunities for the benefit of their people.

    Global outlook and transformations

    Let me start with an overview of the global and regional economic outlook.

    Global growth is projected to hold at 3.3 percent this year and the next, and then to slow over the next five years, to just above 3 percent. This is well below the historical average.

    For the Middle East and North Africa, we expect growth to rebound to about 3.6 percent in 2025, driven by a recovery in oil production and an easing of regional conflicts. However, as with the global economy, our medium-term outlook still sees growth weaker than before the pandemic.

    Policymakers have generally succeeded in taming inflation, but not everywhere, with inflation picking up again in some countries. This could lead to a divergence in interest rates across countries and higher borrowing costs for emerging market and developing economies.

    On the fiscal side, the legacy of the multiple shocks from the last years leaves public finances under significant strain in many countries. Global public debt is projected to hit 100 percent of global GDP by 2030. Many countries in this region face similar pressures, with debt levels exceeding 70 percent of GDP. This poses the risk of them becoming trapped in a low-growth, high-debt scenario.

    Governments have the difficult task of containing high debt levels in the face of rising spending needs. This region faces the pressing need to create jobs, enhance social safety nets, build resilience to more frequent natural disasters, and support economic diversification. The demands of national security and post-conflict reconstruction are also substantial.

    This is all happening at a time of significant global transformations, which are creating a more uncertain and challenging environment for policymaking. We know, for instance, that trade is no longer the engine of growth that is used to be—unlike the decades of the 1990s and 2000s when global trade grew much faster than global GDP, the two are now growing at roughly the same rate. Governments around the world are shifting policy priorities: the new US administration has been clear that it intends to take action in the areas of trade, tax and spending, deregulation, and technology/digital assets. And the technology revolution—especially AI—is upon us and is set to transform the way we live and work, perhaps as early as the next five years.

    These rapid transformations mean the recipes of the past may no longer provide the path to prosperity. Economies will need to be agile, adaptable and resilient—these will be the ingredients for future success.

    How can the MENA region find these ingredients for success and avoid a low-growth, high-debt scenario?

    Building adaptable and more resilient economies

    First, focus on structural changes that increase economic resilience, agility, and long-term growth potential. Too often, countries use fiscal stimulus to boost short-term domestic demand. While this “sugar rush” provides temporary growth, it often fuels inflation and financial turbulence. Instead of merely stepping on the gas, we need a stronger engine.

    Productivity growth is essential for stronger growth and driving up economic performance. Our research in the Arab region shows how to do it: accelerate digitalization, reduce the state’s footprint in the economy, foster trade diversification, and encourage the free flow of capital to dynamic firms.

    Countries in the region that are more digitalized have substantially higher productivity than less-digitalization ones. Some countries are among the most developed in the world in this area. Digital innovation, with AI technologies, is expected to raise UAE’s GDP significantly by 2030. More R&D spending will further enhance productivity.

    Reducing the state’s footprint in the economy and strengthening governance can yield significant benefits. For example, Saudi Arabia’s regulatory improvements have fostered private sector investment, especially in the non-oil economy. The UAE’s National Agenda for Entrepreneurship has supported a vibrant startup community, and Morocco’s New Model of Development aims to spur markets by improving public sector governance.

    Encouraging employment is also a key ingredient for stronger growth. With a growing working-age population, the region has to make the most of its demographic advantage. Creating more private jobs, for women and youth in particular, can lead to more vibrant and inclusive economies. This requires more-flexible labor markets, and investment in education and vocational training. We have recently seen impressive developments in this regard in Oman, Qatar, and Bahrain.

    A second priority is economic diversification. Today’s transformations provide an excellent opportunity to stimulate and reallocate resources toward new economic sectors and services. This could become a robust new growth engine, particularly for oil-exporting countries. Many countries are already investing in new technologies, such as batteries for electric cars; in improving connectivity and in green supply chains, for example.

    Third, in a world where patterns of cooperation are shifting, countries need to look for opportunities to cooperate in new ways. In many cases, this means deepening regional cooperation. The GCC is an excellent example of the benefits of regional integration—one that I can imagine can be emulated elsewhere.

    Building fiscal buffers and institutions  

    Let me turn to the fiscal side.

    Prudent fiscal stance is essential for macroeconomic stability — a prerequisite for a vibrant private sector and economic growth. An overarching priority today is to decisively use fiscal policy to build fiscal buffers, which is essentially the capacity to spend when needed – for example, to respond to shocks, manage and mitigate risks, and meet pressing development and climate-related needs.

    Many countries will need to pursue fiscal consolidation. It is crucial to carefully calibrate the size, pace, and composition of fiscal adjustments, to avoid unduly hampering growth. Tailoring budgetary reforms to each country’s circumstances, with a helping hand for those who lose out, is vital to ensure public support.

    In this context, increasing tax revenues remains a priority. Our research finds significant potential in strengthening domestic tax systems. This requires expanding tax bases, especially as economies diversify. For example, as new sectors grow, including through digitalization, they can become an important source of tax revenues. In addition, digitalization and AI can help modernize tax administrations.

    Domestic taxes will remain the primary source of funding government spending. However, private domestic and external financing will be needed to support the spending needs in the region. Addressing the impact of more frequent natural disasters will potentially require a cumulative $1 trillion in investment by 2030. The financial sector must play a larger role, while governments can enable an investment-friendly environment.

    Several countries in the region require special attention, either to resolve ongoing conflicts or to advance post-conflict reconstruction. I pray that peace and stability can be delivered in Sudan and Yemen. I hope that the ceasefire in Gaza, along with political changes in Syria and Lebanon, can mark new beginnings. The international community’s reconstruction efforts provide a unique opportunity to rebuild better and lay the foundations for stronger growth.

    Let me conclude

    In a world of rapid transformations, it is critical for countries to become more agile, adaptable, and resilient. They need to look for new engines of growth, which will also help avoid a low-growth, high-debt trap.

    The private sector has to be in the lead in transforming economies in the region through entrepreneurship, job creation, and innovation.

    The role of governments is to foster the right environment for this private sector-led growth: by strengthening governance, modernizing public institutions, reducing bureaucracy, encouraging youth and female employment, and improving access to capital. And by designing and communicating policies that put people first and increase social support.

    The IMF remains fully committed to supporting the Middle East and North Africa. Since early 2020, we have approved about $33 billion in financing for the region, most recently in 2024 to help mitigate the impact of conflict. We have also recently reformed our surcharge policy, resulting in important savings for some countries. We have also expanded our capacity development and strengthened our regional presence with resident representative offices, technical assistance centers, and the new regional office in Riyadh.

    We are now stepping up our efforts to support the private sector, with the creation of a new IMF Advisory Council on Entrepreneurship and Growth. I can assure you, this region will be represented on it. And we look forward to the upcoming Al-Ula conference with emerging market economies, to discuss key issues affecting your economies. Jobs, innovation, and productivity—combined with a sound fiscal approach—will mean better prospects for citizens in this region and ultimately more peace and stability.

    Let’s get to work, or as you say, “linabda al-âmal”—let’s start the work together!

    I wish you all many insightful discussions and meaningful outcomes today.

    Shukran!

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER:

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    MIL OSI Economics

  • MIL-OSI USA: Growing Plants in ‘America’s Attic’

    Source: US State of Connecticut

    Carl Johnson ’19 ’21 (CAHNR) starts his day by making the rounds in the greenhouses he tends, checking for any “plant emergencies” or problems with the facility.

    This is standard fare for any horticulturalist. But Johnson is doing it somewhere pretty special. He works at the Smithsonian Institution in Washington, D.C.

    Johnson works in an off-site, high-security production complex that supports all the Smithsonian museums.

    “I’ve heard it referred to as ‘America’s attic,’” Johnson says. “The stuff on this campus is pretty wild. There’s whale bones and mummies and artifacts.”

    Johnson manages a living botanical research collection belonging to the Smithsonian National Museum of Natural History, Department of Botany. This collection supports the work of scientists doing research at the Smithsonian on topics like plant genetics, evolutionary biology, morphology, and species conservation.

    “They’ll travel around the world, and they’ll come back with a seed, or a cutting, or a piece of a plant that they want to grow, and it’s my job to take it and grow it here in D.C. in the greenhouse,” Johnson says.

    Johnson also works with staff from Smithsonian Gardens who produce interior exhibits and horticultural displays around the Smithsonian museums.

    Johnson’s interest in plants and caring for living things started early. He grew up with a small vegetable garden at his house and started caring for plants and pets when he was young.

    “I think it’s rewarding to take care of things and see them thrive,” Johnson says. “It’s very fulfilling to take a plant that might be challenging to grow, then figure out what that specific species needs. In the end, I am, hopefully, successfully growing it and seeing it thrive here in the greenhouse.”

    Johnson worked at Logees Greenhouses in Danielson for a few years before coming to UConn, where he pursued both his associate and bachelor’s degrees in plant science from the College of Agriculture, Health and Natural Resources.

    “I wasn’t the biggest academic person,” Johnson says. “Having the Ratcliffe Hicks associate’s program allowed me to get into UConn and then transition from that to the bachelor’s plant science degree was perfect for me. It brought it all together.”

    At UConn, Johnson joined the Horticulture Club. The student club took a trip to Washington, D.C. and met with James Gagliardi ’05 (CAHNR), with whom one of the other members had interned. Gagliardi was working as a horticulturalist at the Smithsonian Institute at the time.

    The club members toured the U.S. Botanic Garden with Susan Pell, now the director of the organization, which turned out to be an important moment for Johnson.

    “I just found her and her job really inspiring, and I kept thinking about how cool it would be to work in a place like that,” Johnson says.

    As Johnson was preparing to graduate, a position at the U.S. Botanic Garden opened. With the help of UConn’s Center for Career Readiness and Life Skills, two weeks after graduation, he started working there.

    Johnson worked at the Botanic Garden for a few years before moving over to the Smithsonian in his current role. In that prior role, Johnson was responsible for preparing the gardens each morning for the public, checking on plants and cleaning up anything that may have been left by visitors. He then spent most of his days at the production facility where they grow backups of all the plants on display in case one gets sick or damaged.

    “If you think of the plants in the Garden as actors, all the understudies are at the production facility,” Johnson says. “Anything you see on display, there’s three or four extras waiting to take its place.”

    While working at the U.S. Botanic Garden, Johnson got to cross off a major botanical bucket list item – growing a “corpse flower.” The corpse flower, or Amorphophallus titanum, gets its nickname from the rotting-flesh-like aroma its flower produces.

    “When we have a bloom it’s a big deal,” Johnson says. “It only happens every few years, and the public gets really excited, and people who might not even be interested in plants come to see it.”

    Through his years of gardening experience, Johnson says he’s had the chance to grow just about every plant he’d ever dreamed of.

    “Getting into plants, I had favorites, plants that I thought were cool, and I had these dream plants that I was hoping to encounter and grow, and I’ve gotten to grow all of them,” Johnson says.

    Johnson credits his experience at UConn with preparing him for the work he has done since graduation.

    “There’s a lot of basic gardening stuff that comes with this job that I learned at UConn and in my jobs before that people might not think would remain as relevant,” Johnson says. “I still water, I still weed, I still prune. All of those basic gardening skills are still everyday essential things.”

    At UConn, Johson interned at the Plant Diagnostic Laboratory, the Home and Garden Center, and in the Floriculture Greenhouse, taking full advantage of having active greenhouses on campus and the services provided to the community through UConn Extension.

    “I did every possible internship that was available to someone in plant science,” Johnson says.

    Johnson says his internship with Shelley Durocher, laboratory technician in the Floriculture Greenhouse, especially prepared him for the work he does now at the Smithsonian.

    “That’s what [Durocher] does – she works with the researchers, and she grows their plants to whatever their specifications are and for whatever research purpose they have in mind,” Johnson says. “So that was a one-to-one translation. It was a super valuable experience.”

    This work relates to CAHNR’s Strategic Vision area focused on Ensuring a Vibrant and Sustainable Agricultural Industry and Food Supply.

    Follow UConn CAHNR on social media

    MIL OSI USA News

  • MIL-OSI: Paradigm Oil and Gas Partners with Hallmark Venture Group to Drive Scalable Revenue Growth

    Source: GlobeNewswire (MIL-OSI)

    Key Highlights:

    • Strategic Partnership Announcement: Paradigm Oil and Gas, Inc. (OTC: PDGO) has engaged Hallmark Venture Group, Inc. (OTC: HLLK) to develop scalable revenue strategies and enhance digital operations.
    • Revenue Growth & Digital Expansion: The collaboration aims to optimize lead generation, implement revenue-driving strategies, and develop new digital infrastructure for sustained business growth.
    • Operational Management & Market Positioning: Hallmark Venture Group will oversee website development, traffic acquisition, lead generation, public relations, and administrative management to enhance monetization efforts.
    • AI-Driven Business Solutions: The partnership leverages Hallmark’s AI-driven marketing and consulting expertise to create innovative business models that increase profitability.
    • Scalable & Sustainable Business Model: Paradigm Oil and Gas expands beyond traditional operations by exploring digital and third-party service integrations to maximize shareholder value.
    • Investor & Market Outlook: The initiative aligns with evolving market demands, ensuring long-term financial stability and operational efficiency.

    NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) — Paradigm Oil and Gas, Inc. (OTC: PDGO) expands its revenue potential by engaging Hallmark Venture Group, Inc. (OTC: HLLK) to enhance digital operations and implement scalable revenue strategies. This strategic partnership is designed to optimize lead generation, strengthen market positioning, and maximize profitability through AI-driven solutions and digital infrastructure.

    Accelerating Digital Growth and Revenue Optimization

    Paradigm Oil and Gas is committed to diversifying revenue streams beyond traditional operations. By leveraging Hallmark Venture Group’s expertise, the Company will implement advanced digital strategies, optimize monetization efforts, and develop high-quality traffic acquisition models.

    Hallmark Venture Group will oversee key operational areas, including:

    • Website Development & Digital Infrastructure – Enhancing user experience and optimizing engagement.
    • Traffic Acquisition & Lead Generation – Deploying AI-driven marketing strategies for high-quality conversions.
    • Public Relations & Market Outreach – Strengthening brand visibility and investor relations.
    • Administrative & Operational Management – Streamlining business processes for improved efficiency.

    AI-Powered Solutions for Market Expansion

    Hallmark Venture Group specializes in AI-driven consulting and revenue growth solutions. Through this collaboration, Paradigm Oil and Gas will integrate data-driven marketing techniques, predictive analytics, and automated lead generation tools to drive long-term financial sustainability.

    Strategic Growth & Shareholder Value Enhancement

    This initiative aligns with Paradigm Oil and Gas’s mission to explore innovative business models that create sustainable growth. By embracing digital transformation and AI-powered strategies, the Company aims to increase shareholder value and remain competitive in evolving market conditions.

    About Paradigm Oil and Gas, Inc.

    Paradigm Oil and Gas, Inc. (OTC: PDGO) is a publicly traded company focused on optimizing revenue generation and expanding its market opportunities. The Company actively pursues strategic partnerships and digital initiatives to drive profitability and long-term business growth.

    About Hallmark Venture Group, Inc.

    Hallmark Venture Group, Inc. (OTC: HLLK) is a digital marketing and consulting firm specializing in AI-driven strategies, lead generation, and scalable revenue solutions. The Company’s proprietary platforms help businesses enhance digital growth, optimize customer acquisition, and improve market positioning.

    Safe Harbor Statement

    Safe Harbor This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words ”may”,”would”, ”will”, ”estimate”, ”can”, ”believe”, ”potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in the Company’s filings with the Securities and Exchange Commission and/or OTC Markets.

    For Media & Investor Inquiries:

    Website: https://pdgoinc.net/
    Email: info@pdgoinc.net
    X (formerly Twitter): @PDGOinc

    The MIL Network

  • MIL-OSI: Q2 Metals to Present at the Metals and Mining Growth Virtual Investor Conference February 12th

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Feb. 10, 2025 (GLOBE NEWSWIRE) — Q2 Metals Corp. (TSX.V: QTWO | OTCQB: QUEXF | FSE: 458) (“Q2” or the “Company”) is pleased to announce that Q2 Metals President & CEO, Alicia Milne, will provide an overview of the Company and update on activities at its flagship Cisco Lithium Project at the Metals and Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on Wednesday, February 12th, 2025 at 8:30 am PT | 11:30 am ET.

    DATE: February 12th
    TIME:
    8:30 am PT | 11:30 am ET
    LINK: https://bit.ly/4hLrzs6
    Available for 1×1 meetings: February 13

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

    Learn more about the event at www.virtualinvestorconferences.com.

    Q2 Metals Highlights and Upcoming Catalysts

    • The fully funded 2025 winter drill program at the Cisco Lithium Project, located within the greater Nemaska traditional territory of the Eeyou Istchee Territory, James Bay, Quebec, Canada is currently underway
    • The program follows up on the exceptional drill results from the Company’s inaugural 2024 drill campaign which included:
      • Drill hole CS-24-018 – 215.6 metres (“m”) at 1.69% Li2O
      • Drill hole CS-24-021 – 347.1 m at 1.35% Li2O; and
      • Drill hole CS-24-023 – 188.6 m at 1.56% Li2O
    • The campaign is targeting 6,000 – 8,000 m of drilling using two diamond drill rigs.
    • The first hole, collared on February 3rd, is an aggressive 400 m step out from the easternmost hole of the 2024 drill program (CS-24-022).
    • Initial assays are anticipated in early Q2.

    About Q2 Metals Corp

    Q2 Metals is a Canadian mineral exploration company focused on the Cisco Lithium Project, located within the greater Nemaska traditional territory of the Eeyou Istchee Territory, James Bay, Quebec.

    The Project is comprised of 767 claims, totaling 39,389 hectares. The main mineralized zone is just 6.5 kilometres (“km”) away from the Billy Diamond Highway which transects the Project. The town of Matagami, is the end of the rail link to much of James Bay and is approximately 150 km to the south.

    The Cisco Project is situated along the Frotet Evans Greenstone Belt, comprised of a volcanic package dominated by mafic to felsic metavolcanic rocks, of the southern James Bay Lithium District, the same belt that hosts the Sirmac and Moblan lithium deposits, located 130 km and 180 km away, respectively.

    The Cisco Lithium Project has district-scale potential with an already identified mineralized zone and discovery drill results that include:

    • 120.3 metres at 1.72% Li2O (hole CS-24-010);
    • 215.6 metres at 1.69% Li2O (hole CS-24-018);
    • 347.1 metres at 1.35% Li2O (hole CS-24-021); and
    • 188.6 metres at 1.56% Li2O (hole CS-24-023)

    Since May 2024, the Company has drilled a total of 6,359.7 m over 17 holes. All drill holes intercepted pegmatite with visual indications of spodumene mineralization identified.

    FOR FURTHER INFORMATION, PLEASE CONTACT:

    www.Q2Metals.com

    Click to follow us online: 

    X, LinkedIn, Facebook, and Instagram

    About Virtual Investor Conferences®

    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    Forward-Looking Statements

    This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regarding the geological prospects of the Company’s properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions.

    Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to, the prospectivity of the greenstone rocks in the area, the possibility of future development and mining infrastructure scenarios, the potential for development, the potential scale of the Cisco Project, the focus of the Company’s current and future exploration and drill programs, the scale, scope and location of future exploration and drilling activities, the Company’s expectations in connection with the projects and exploration programs being met, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedarplus.ca.

    Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

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

    The MIL Network

  • MIL-OSI: Viva Gold to Present at the Metals and Mining Growth Virtual Investor Conference February 12th

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Feb. 10, 2025 (GLOBE NEWSWIRE) — Viva Gold Corp (“Viva” or the “Company”) (VAU:TSXV, VAUCF:OTCQB), with operations in Tonopah, Nevada and focused on the permitting and development of the Tonopah Gold Project, today announced that Jim Hesketh, Chief Executive Officer, will present live at the Metals and Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on February 12th, 2025

    DATE: February 12th
    TIME: 10:30 AM ET
    LINK: https://bit.ly/3ErtN1E
    Available for 1×1 meetings: February 12, 13, 14, and 17

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.  

    Learn more about the event at www.virtualinvestorconferences.com.

    Recent Company Highlights

    • Viva recently announced very encouraging drill results from its 100% owned Tonopah Gold Project in Nevada, right in the heart of American mining country
    • The Company will now move into pre-feasibility study work which will lead into the permitting process
    • Permitted projects in Nevada tend to command premium valuations compared to projects without permits. Viva will be entering the permitting process this year to take the Tonopah Gold Project into production

    About Viva Gold Corp:
    The Tonopah project sits in the middle of gold mining country about a half hour drive south of the Round Mountain mine owned by Kinross Gold and controls a major land position on the prolific Walker Lane Trend in Western Nevada. Viva has consistently grown the gold resources at Tonopah since 2018 and is in the completed two drilling programs in 2024, both of which have been targeted to potentially increase the gold resource while also upgrading the confidence level of known gold mineralization. The Company plans to update the resource model and initiate Pre-Feasibility Study in 2025, both of which are major catalysts and value creation events for shareholders.

    Viva Gold is led by CEO James Hesketh, a 40-year veteran in the mining space who has led the development and construction of eight other mines around the world throughout his career. James has surrounded himself with equally experienced mining professionals both on the management team and the board.

    The Tonopah Gold Project, a potential open pit, heap leach/mill opportunity, has all the hallmarks of a successful mining development project as key infrastructure is in place and is supported by compelling economic PEA studies.

    Viva Gold trades on the TSX Venture exchange “VAU”, on the OTCQB “VAUCF” and on the Frankfurt exchange “7PB”. Viva currently has ~132.9 million shares outstanding and boasts a best-in-class management team and board with decades of gold exploration and production experience. The Company is advancing its high-grade Tonopah Gold Project in mining friendly Nevada with the support of several institutional shareholders. More information can be found on https://www.Sedar.Com and please visit our website: www.vivagoldcorp.com.

    Viva is committed to developing the Tonopah Gold Project in an environmentally and socially responsible fashion. These values are aligned with management’s core values and permeate throughout our decision-making process.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access.  Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Viva Gold Corp
    Name: Jim Hesketh
    Title: CEO
    Phone: +1-416-842-9003
    Email: jhesketh@vivagoldcorp.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network

  • MIL-OSI: Oracle Red Bull Racing and Gate.io Expand Blockchain’s Global Reach with Announcement of Multi-Year Partnership

    Source: GlobeNewswire (MIL-OSI)

    PANAMA CITY, Feb. 10, 2025 (GLOBE NEWSWIRE) — Gate.io—a leading global cryptocurrency exchange—choose Oracle Red Bull Racing for debut partnership in Formula One.

    “Oracle Red Bull Racing”, the Formula One Racing team (the “Team”) and an eight-time World Drivers’ Championship-winning team, is proud to announce Gate.io, one of the world’s leading cryptocurrency exchanges, as its exclusive Crypto Exchange Partner in a multi-year deal. This collaboration marks a major milestone in uniting two industry leaders, both recognised for their relentless pursuit of performance, innovation, and cutting-edge technology—on the racetrack and in the digital economy.

    Starting from the 2025 season, Gate.io branding will feature prominently on key Team assets, including the rear wing, nose, headrest, wheel covers and chassis of the Oracle Red Bull Racing car, Team race suits, Team kit and on the helmet of four-time World Champion, Max Verstappen.

    Founded in 2013, Gate.io is one of the world’s earliest and most established cryptocurrency exchanges, with a user base exceeding 20 million worldwide. Over the past 12 years, Gate.io has expanded beyond trading to become a comprehensive blockchain ecosystem, driving innovation in secure digital asset trading, decentralized finance (DeFi), blockchain infrastructure, venture capital investment, and Web3 technologies.

    Oracle Red Bull Racing has set new standards in Formula 1, winning back-to-back championships since 2021 through engineering excellence, data-driven precision, and a relentless drive for victory. Similarly, Gate.io continues to define the future of blockchain technology, pioneering user-verifiable exchange reserves to enhance trust, transparency, and financial security in the crypto space.

    This partnership is built on a shared vision for innovation and leadership. Just as Oracle Red Bull Racing relentlessly competes on the track with precision and agility, Gate.io continues to push the boundaries of blockchain infrastructure, optimizing speed, security, and scalability to support the next generation of digital finance.

    Christian Horner, CEO and Team Principal of Oracle Red Bull Racing, said: “We are very excited to welcome Gate.io to the Team. Gate.io are a brand that very much share Oracle Red Bull Racing’s passion to exist at the forefront of technological innovation. Together, we look forward to building a more immersive and unique connection with the Team for fans around the world and to working with a likeminded partner that isn’t afraid to disrupt the status quo.”

    Dr. Lin Han, the founder and CEO of Gate.io, said: “At Gate.io, we believe that innovation and performance go hand in hand—whether in blockchain or on the racetrack. Just as Oracle Red Bull Racing pushes the limits of engineering, we are continuously advancing blockchain technology to bring greater transparency, speed, and efficiency to digital finance. This partnership comes at a time when blockchain is moving beyond finance, and we’re excited to explore new ways it can intersect with global industries like motorsport.”

    Through this collaboration, Gate.io aims to accelerate global blockchain adoption, leveraging Oracle Red Bull Racing’s global reach and fan base to introduce digital finance, Web3, and blockchain solutions to an even broader audience.

    About Gate.io
    Gate.io is one of the world’s earliest and most secure cryptocurrency exchanges, leading in compliant digital asset trading since 2013. Serving over 20 million users worldwide, it is consistently ranked among the top exchanges by liquidity and trading volume. Beyond trading, Gate.io provides a full suite of financial and blockchain services, including decentralized finance (DeFi), Web3 solutions, research and analytics, venture capital investing, and startup incubation. A pioneer in user-verifiable exchange reserves, Gate.io remains committed to security, transparency, and shaping the future of digital finance.

    Media Contact:
    Elaine Wang at elaine.w@gate.io

    Disclaimer
    The content herein does not constitute any offer, solicitation, or recommendation. Please note that Gate.io may restrict or prohibit the use of all or a portion of the Services from Restricted Locations. For more information, please read the User Agreement via https://www.gate.io/zh/user-agreement.

    Additional content can also be viewed on our social media channels:
    X: @gate_io
    Instagram: @gateioglobal
    YouTube: www.youtube.com/c/GateioCrypto
    LinkedIn: https://www.linkedin.com/company/gateio

    Oracle Red Bull Racing
    Madeleine Coe
    Senior Communications manager
    Madeleine.coe@redbullracing.com

    Disclaimer: This content is provided by Gate.io . The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4449d9f8-fc9d-45c4-810f-092f8507a398

    The MIL Network

  • MIL-OSI: Oxford Lane Capital Corp. Provides January Net Asset Value Update

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., Feb. 10, 2025 (GLOBE NEWSWIRE) — Oxford Lane Capital Corp. (Nasdaq: OXLC) (NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS: OXLCZ) (NasdaqGS: OXLCN) (NasdaqGS: OXLCI) (the “Company”) today announced the following net asset value (“NAV”) estimate as of January 31, 2025.

    • Management’s unaudited estimate of the range of the NAV per share of our common stock as of January 31, 2025, is between $4.78 and $4.88. This estimate is not a comprehensive statement of our financial condition or results for the month ended January 31, 2025. This estimate did not undergo the Company’s typical quarter-end financial closing procedures and was not approved by the Company’s board of directors. We advise you that our NAV per share for the quarter ending March 31, 2025 may differ materially from this estimate, which is given only as of January 31, 2025.
    • As of January 31, 2025, the Company had approximately 406.8 million shares of common stock issued and outstanding.

    The fair value of the Company’s portfolio investments may be materially impacted after January 31, 2025, by circumstances and events that are not yet known. To the extent the Company’s portfolio investments are impacted by market volatility in the U.S. or worldwide, the Company may experience a material impact on its future net investment income, the fair value of its portfolio investments, its financial condition and the financial condition of its portfolio investments. Investing in our securities involves a number of significant risks. For a discussion of the additional risks applicable to an investment in our securities, please refer to the section titled “Risk Factors” in our prospectus and the section titled “Principal Risks” in our most recent annual report or semi-annual report, as applicable.

    The preliminary financial data included in this press release has been prepared by, and is the responsibility of, Oxford Lane Capital Corp.’s management. PricewaterhouseCoopers LLP has not audited, reviewed, compiled, or applied agreed-upon procedures with respect to the preliminary financial data. Accordingly, PricewaterhouseCoopers LLP does not express an opinion or any other form of assurance with respect thereto.

    About Oxford Lane Capital Corp. 

    Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company principally investing in debt and equity tranches of CLO vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.

    Forward-Looking Statements

    This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered to be forward-looking statements. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events, except as may be required by law.

    Contact:
    Bruce Rubin
    203-983-5280

    The MIL Network

  • MIL-OSI: D. Boral Capital Served as Co-placement Agent to MicroVision, Inc. (Nasdaq: MVIS) in Connection with its up to $17.0 Million Private Placement

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) — MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and ADAS solutions, today announced that it has bolstered its financial position by entering into an agreement to raise up to $17 million in new capital and reducing future cash obligations stemming from its $75 million senior secured convertible note facility with High Trail Capital.

    “Strengthening our financial position through this infusion of new capital and reduction of debt buoys our efforts to advance and secure revenue opportunities with several industrial customers in the heavy equipment segment. As announced last month, we have increased production capacity with our manufacturing partner to support high-volume orders from industrial customers in 2025 and beyond,” said Sumit Sharma, Chief Executive Officer of MicroVision, Inc. “At this exciting time for MicroVision, we continue to work to secure multiple partnerships with industrial customers, as well as advance our partnerships with automotive OEMs, with RFQs in flight and new RFQs expected in 2025. We appreciate High Trail’s partnership at this pivotal time.”

    Continued Sharma, “With our MAVIN and MOVIA S products, we remain actively engaged with global automotive OEMs in seven high-volume RFQs and custom development explorations for future passenger vehicle programs. With the size, power, and specifications of our lidar, combined with our integrated perception software, I believe we remain the solution frontrunner with automotive OEMs. Given automotive OEMs’ latest start-of-production timelines, the opportunity to ramp up significant recurring revenues in 2025 with our industrial customers puts MicroVision in the best position in the market. We remain the only multifaceted company with potential for significant revenues from the industrial segment starting in 2025 and much higher automotive revenues expected in the coming years.”

    “With the announcement of this transaction, our overall debt obligation has now been reduced by $12.25 million in principal or over 27% of the convertible note. In addition, this new round of equity investment by our strategic financing partner provides up to $17 million in new equity capital and also defers a portion of the remaining repayments. This bolsters MicroVision’s balance sheet and positions it well with its ongoing customer engagements,” said Anubhav Verma, Chief Financial Officer of MicroVision, Inc. “We believe that our strong balance sheet and strategic financing partner help to competitively position MicroVision for today’s marketplace and business outlook.”

    D. Boral Capital LLC and WestPark Capital, Inc. acted as co-lead agents for the transaction.

    Key Terms of the Transactions

    In connection with the $45 million senior secured convertible note issued by the Company on October 23, 2024, cash payments totaling approximately $9.6 million that would have been payable during the period from March 1, 2025 through May 1, 2025 will be converted into approximately 11.7 million shares of the Company’s common stock. In addition, pursuant to an agreement dated February 3, 2025, the note holder has agreed to defer payments due from June 1, 2025 to August 1, 2025, instead ratably allocating such payments to the payments due from September 1, 2025 through March 1, 2026. The Company and the note holder entered into a securities purchase agreement dated February 3, 2025 pursuant to which the Company issued approximately $8 million of shares of the Company’s common stock to the holder at a 12.5% discount to the market price and warrants to purchase up to an additional $9 million of common stock at an exercise price per share of $1.57, which warrants expire five years from the initial exercise date.

    Disclosures

    This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

    Additional information, including the full terms of the financing transaction, is available in the Current Report on Form 8-K filed by MicroVision with the U.S. Securities and Exchange Commission.

    About MicroVision

    With offices in the U.S. and Germany, MicroVision is a pioneering company in MEMS-based laser beam scanning technology that integrates MEMS, lasers, optics, hardware, algorithms and machine learning software into its proprietary technology to address existing and emerging markets. The Company’s integrated approach uses its proprietary technology to provide automotive lidar sensors and solutions for advanced driver-assistance systems (ADAS) and for non-automotive applications including industrial, smart infrastructure and robotics. The Company has been leveraging its experience building augmented reality micro-display engines, interactive display modules, and consumer lidar modules.

    For more information, visit the Company’s website at www.microvision.com, on Facebook at www.facebook.com/microvisioninc, and LinkedIn at https://www.linkedin.com/company/microvision/.

    MicroVision, MAVIN, MOSAIK, and MOVIA are trademarks of MicroVision, Inc. in the United States and other countries. All other trademarks are the properties of their respective owners.

    Forward-Looking Statements

    Certain statements contained in this release, including expected benefits and closing of financing transactions; customer engagement and the likelihood of success; opportunities for revenue and cash; market position; product volumes, performance and capabilities; and expected revenue, expenses and cash usage are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include the risk its ability to operate with limited cash or to raise additional capital when needed; market acceptance of its technologies and products or for products incorporating its technologies; the failure of its commercial partners to perform as expected under its agreements; its financial and technical resources relative to those of its competitors; its ability to keep up with rapid technological change; government regulation of its technologies; its ability to enforce its intellectual property rights and protect its proprietary technologies; the ability to obtain customers and develop partnership opportunities; the timing of commercial product launches and delays in product development; the ability to achieve key technical milestones in key products; dependence on third parties to develop, manufacture, sell and market its products; potential product liability claims; its ability to maintain its listing on The Nasdaq Stock Market, and other risk factors identified from time to time in the Company’s SEC reports, including the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other reports filed with the SEC. These factors are not intended to represent a complete list of the general or specific factors that may affect the Company. It should be recognized that other factors, including general economic factors and business strategies, may be significant, now or in the future, and the factors set forth in this release may affect the Company to a greater extent than indicated. Except as expressly required by federal securities laws, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changes in circumstances or any other reason.

    Contact Us:

    D. Boral Capital
    590 Madison Avenue, 39th Floor
    New York, NY 10022
    Main Phone: +1 (212) 970-5150
    www.dboralcapital.com
    info@dboralcapital.com

    The MIL Network

  • MIL-OSI: Wärtsilä introduces next-generation engine to balance renewables and improve power plant performance

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Feb. 10, 2025 (GLOBE NEWSWIRE) — Technology group Wärtsilä launches today its next generation 46TS engine, which is designed to balance renewable energy, provide highly efficient baseload power, and can run on sustainable fuels in future.

    The Wärtsilä 46TS large-bore engine has evolved from a long line of proven and reliable power plant engines, including the Wärtsilä 50 engine platform. The W50 engine is one of the world’s most successful power generating engines of all time, having delivered 55 million running hours around the world since 2008.

    Using balancing engines to support intermittent renewables is a more viable path towards a net zero power system than a renewables-only pathway. Balancing power can reduce costs, emissions, and land use, as revealed in Wärtsilä’s recent global power system modelling report, Crossroads to Net Zero, which detailed the vital role of balancing power in delivering the energy transition.

    Anders Lindberg, President of Wärtsilä Energy, says: “The energy transition cannot be achieved by renewable power alone – we need flexible, highly efficient engines to support wind and solar power during times of low generation. The flexible 46TS engine offers exactly that, expanding our existing technology offering to balance renewables and operate cost- effectively on baseload power.

    “This engine is built on our 85 years of engine expertise, incorporating everything we have learned to develop our latest and greatest solution.”

    The Wärtsilä 46TS is designed with sustainable fuels in mind, to ensure that when they become readily available, these engines can play an essential role in delivering 100% renewable power systems.

    The engine provides a myriad of benefits for power producers, including:

    • Next level efficiency and performance: Significantly improved over 51% engine efficiency saves fuel and reduces emissions, with excellent performance in extreme ambient conditions and at high altitudes.
    • Improved output: The 46TS generates 23.4 MW/unit, meaning that fewer engines are needed to achieve large plant sizes.
    • Greater flexibility: Rapid response to fluctuations with even faster ramp-up time (2 minutes) and no minimum up- or down-time requirements.
    • Fast and cost-efficient installation: Fast and easy modular plant installation with high-quality, factory-tested modules bringing significant savings in total installed cost.

    To support the W46TS, Wärtsilä provides tailored high-quality services to maximise reliability and profitability. Wärtsilä Lifecycle services, with optimised operations and guaranteed performance, ensure the power plant’s performance and competitiveness. A technical service network provides expertise and support near customer and via remote monitoring.

    The Wärtsilä 46TS engine will be available from 2025. Last month, Wärtsilä announced the first order for the 46TS engines placed by Kazakhstan Caspian Offshore Industries (KCOI). The engines will support KCOI’s new 120 MW power plant and additionally, the first hybrid power project of its kind in Kazakhstan, which integrates the engine power plant with wind and solar power.

    Media kit

    Media contacts:

    Katri Pehkonen
    Communications Manager
    Wärtsilä Energy
    Mob: +358 50 591 6180
    katri.pehkonen@wartsila.com

    Elena Hale
    Wärtsilä Energy
    Mob: +1 865 329 0553
    elena@piper-communications.com

    All Wärtsilä releases are available at www.wartsila.com/media/news-releases and at news.cision.com/wartsila-corporation where also the images can be downloaded. Use of the image(s) is allowed only in connection with the contents of this press release. Wärtsilä images are available at www.wartsila.com/media/image-bank.

    Wärtsilä Energy in brief
    Wärtsilä Energy is at the forefront of the transition towards a 100% renewable energy future. We help our customers and the power sector to accelerate their decarbonisation journeys through our market-leading technologies and power system expertise. Our solutions include flexible engine power plants, energy storage and optimisation technology, and services for the whole lifecycle of our installations. Our engines are future-proof and can run on sustainable fuels. Our track record comprises of 79 GW delivered power plant capacity and over 130 energy storage systems in 180 countries around the world. Over 30% of our operating installed base is under service agreements.
    www.wartsila.com/energy

    Wärtsilä in brief
    Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. We emphasise innovation in sustainable technology and services to help our customers continuously improve environmental and economic performance. Our dedicated and passionate team of 17,800 professionals in more than 280 locations in 79 countries shape the decarbonisation transformation of our industries across the globe. In 2023, Wärtsilä’s net sales totalled EUR 6.0 billion. Wärtsilä is listed on Nasdaq Helsinki.
    www.wartsila.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1313b4ea-2fcb-4d25-8bb1-f6c7d6ad3691

    The MIL Network

  • MIL-OSI: ACT-ion Raises $7.5 million in Pre-Series A Round Led by BASF Venture Capital

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Feb. 10, 2025 (GLOBE NEWSWIRE) — ACT-ion Battery Technologies, a startup in the field of lithium ion battery cathode active materials (CAM), announced today the successful closing of its Pre-Series A funding round. Founded in 2019, ACT-ion has developed both an efficient and cost-effective means to produce single crystalline cathode active materials. This chemistry agnostic process addresses a critical challenge in the lithium-ion battery value chain: the need to both reduce CAM production costs and increase production throughput.

    The USD 7.5 million round was led by BASF Venture Capital, with participation from Hunt Energy Enterprises, Mirae Asset Capital, Arosa Capital Management, and LG Technology Ventures. ACT-ion will use the proceeds to accelerate its innovative CAM production technology, aiming to establish an operational pilot facility by 2025, with validations from leading industry partners.

    ACT-ion is the recent recipient of a R&D 100 award which recognized the Company’s innovation to overcome the complexity and cost of CAM manufacturing. ACT-ion’s continuous process generates coated single crystal CAM leading to higher performance and longer cycle life lithium-ion batteries. ACT-ion has successfully demonstrated this manufacturing platform for a variety of chemistries.

    “We are excited to have the support of Pre-Series A investors who share our vision for battery materials and manufacturing,” said Jin Lim, CTO and Interim CEO of ACT-ion. “This funding will allow us to bring our innovative solutions to market faster and make a meaningful impact on the global energy landscape.”

    “We are excited to have led this financing round and to support ACT-ion as a partner. With the market need for novel battery materials, and the processes to produce them, ACT-ion’s mission to improve CAM aligns well with BASF efforts to deliver innovation to our customers,” said Joshua Speros, Investment Manager at BASF Venture Capital.

    “The domestic production of battery materials at cost will mark a significant milestone in the US CAM industry,” said Lillian Shattock, Director of Private Investments at Arosa Capital Management. “We are thrilled to support ACT-ion, as we believe their technology can be a pivotal enabler of domestic CAM manufacturing.”

    Incubated within and spun-out of Hunt Energy Enterprises LLC, “the ACT-ion venture was developed to target the largest cost constraint within lithium batteries and thereby help enable growth for markets such as electric drones, electric vehicles and power tools,” said Victor Liu, Chairman of ACT-ion.

    About ACT-ion Battery Technologies

    ACT-ion Battery Technologies is a leading lithium battery cathode active material (CAM) technology company. As an advanced manufacturing technology company, ACT-ion’s rapid continuous process produces coated single crystal CAMs for lithium batteries through a novel, clean, and chemistry-agnostic process, requiring lower energy and cost. For more information, please visit www.act-ion.com.

    About Hunt Energy Enterprises

    Hunt Energy Enterprises is the corporate energy technology venture group within Hunt Energy Company, LP. As such, Hunt Energy Enterprises has incubated several technologies that leverage its operations and knowledge to create new energy companies and partnerships with entrepreneurs in both the conventional petroleum business and cleantech power. It is part of a larger privately-owned group of companies managed by the Ray L. Hunt family that engages in oil and gas exploration, refining, power, real estate, ranching and private equity investments. For more information, please visit www.huntenergyenterprises.com.

    About BASF Venture Capital GmbH

    At BASF, we create chemistry for a sustainable future. BASF Venture Capital GmbH also contributes to this corporate purpose. Founded in 2001, BASF Venture Capital invests in Europe, the United States, Canada, China, India, Brazil, and Israel. Our goal is to generate new growth potential for current and future business areas of BASF by investing in innovative startups. The focus of our venture investments includes decarbonization, circular economy, Agtech, new materials, digitalization and new, disruptive business models. For more information, please visit https://www.basf.com/global/en/who-we-are/organization/group-companies/BASF_Venture-Capital

    About Arosa Capital Management

    Arosa Capital Management is an alternative investment manager that focuses on investments in alternative energy, traditional energy and related sectors. Founded in 2013, Arosa’s approach is rooted in rigorous fundamental analysis and deep sector expertise to invest in private and public companies as well as in credit and commodities on a cross asset basis. The focus of Arosa’s ventures strategy is investments in private companies that primarily pursue alternative, renewable, or efficient energy technologies. For more information, please visit www.arosacapital.com.

    About Mirae Asset Capital

    Mirae Asset Capital is a leading financial institution specializing in fostering innovation and driving new growth opportunities as a trusted financial partner. Established in 1997, the firm invests in groundbreaking ideas across sectors including AI, robotics, energy, and biotechnology. Leveraging the extensive global network of the Mirae Asset Financial Group, Mirae Asset Capital operates across key markets such as Korea, the United States, India, and China. For more information, please visit vc.miraeassetcapital.com.

    About LG Technology Ventures

    LG Technology Ventures is the venture capital investment arm of the LG Group. LG Technology Ventures was established in 2018 and its team consists of experienced investors, entrepreneurs, technologists, and industry domain experts. Currently, LG Technology Ventures is managing over $805 million of fund assets and invests in early-stage start-ups in artificial intelligence, mobility, advanced materials, life-sciences, next generation display, mobile, and 5G. We strive to create value for our portfolio companies by helping them develop strategic partnerships with LG Companies. For more information, please visit https://www.lgtechventures.com/.

    For more information, please contact: ACT-ion Communications, Email: inquiry@act-ion.com

    The MIL Network

  • MIL-OSI: Nasdaq, Inc. Announces Cash Tender Offers for Up to $200 Million Outstanding Debt Securities

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 10, 2025 (GLOBE NEWSWIRE) — Nasdaq, Inc. (Nasdaq: NDAQ) (“Nasdaq” or the “Company”) today announced its offers to purchase for cash up to an aggregate principal amount of $200,000,000 (the “Aggregate Notes Cap”) of its outstanding Notes, comprised of (i) up to $40,000,000 aggregate principal amount (the “2028 Notes Cap”) of the Company’s 5.350% Senior Notes due 2028 (the “2028 Notes”), (ii) up to $50,000,000 aggregate principal amount (the “2034 Notes Cap”) of the Company’s 5.550% Senior Notes due 2034 (the “2034 Notes”) and (iii) up to $110,000,000 aggregate principal amount (the “2052 Notes Cap”) of the Company’s 3.950% Senior Notes due 2052 (the “2052 Notes”). The 2028 Notes, the 2034 Notes and the 2052 Notes are referred to collectively herein as the “Notes,” such offers to purchase are referred to collectively herein as the “Tender Offers” and each a “Tender Offer,” and the 2028 Notes Cap, the 2034 Notes Cap and the 2052 Notes Cap are referred to collectively herein as the “Series Notes Caps” and each a “Series Notes Cap.”

      Title of
    Security
    Security Identifiers Principal Amount Outstanding Series Notes Cap Early Tender
    Premium
    (1)(2)
    U.S. Treasury
    Reference Security
    (3)
    Fixed Spread
    (basis points)
    2028 Tender Offer 5.350% Senior Notes due 2028 CUSIP:
    63111X AH4
    ISIN:
    US63111XAH44
    $921,360,000 $40,000,000 $30.00 4.250% UST due January 15, 2028 45 bps
    2034 Tender Offer 5.550% Senior Notes due 2034 CUSIP:
    63111X AJ0
    ISIN:
    US63111XAJ00
    $1,187,583,000 $50,000,000 $30.00 4.250% UST due November 15, 2034 73 bps
    2052 Tender Offer 3.950% Senior Notes due 2052 CUSIP:
    631103 AM0
    ISIN:
    US631103AM02
    $549,105,000 $110,000,000 $30.00 4.500% UST due November 15, 2054 82 bps

    (1)   Per $1,000 principal amount of Notes validly tendered on or prior to the Early Tender Date (as defined below) and accepted for purchase by the Company.
    (2)   Does not include Accrued Interest (as defined below), which will also be payable as described below.
    (3)   The applicable page on Bloomberg from which the dealer manager will quote the bid side price of the U.S. Treasury Security is FIT1.

    The Tender Offers are being made upon the terms and subject to conditions described in the Offer to Purchase, dated February 10, 2025 (as it may be amended or supplemented from time to time, the “Offer to Purchase”), which sets forth a detailed description of the Tender Offers. The Company reserves the right, but is under no obligation, to increase or decrease any or all of the Series Notes Caps and/or the Aggregate Notes Cap in its sole discretion at any time without extending or reinstating withdrawal rights, subject to compliance with applicable law.

    The Tender Offers for the Notes will expire at 5:00 p.m., New York City time, on March 11, 2025, or any other date and time to which the Company extends the applicable Tender Offer (such date and time, as it may be extended with respect to a Tender Offer, the “Expiration Date”), unless earlier terminated. Holders of Notes must validly tender and not validly withdraw their Notes prior to or at 5:00 p.m., New York City time, on February 24, 2025 (such date and time, as it may be extended with respect to a Tender Offer, the “Early Tender Date”), and the holder’s Notes must be accepted for purchase, to be eligible to receive the applicable Total Consideration (as defined below). If a holder validly tenders Notes after the applicable Early Tender Date but prior to or at the applicable Expiration Date, and the holder’s Notes are accepted for purchase, the holder will only be eligible to receive the applicable Tender Offer Consideration (as defined below).

    Subject to the Aggregate Notes Cap, the Series Notes Caps and proration, if applicable, the total consideration for each $1,000 principal amount of the Notes validly tendered (and not validly withdrawn) prior to the Early Tender Date and accepted for purchase pursuant to each Tender Offer will be calculated in the manner described in the Offer to Purchase by reference to the applicable Fixed Spread for such Notes specified in the table above plus the applicable yield based on the bid-side price of the applicable U.S. Treasury Reference Security specified in the table above at 10:00 a.m., New York City time, on February 25, 2025 (excluding Accrued Interest with respect to each series of Notes, the “Total Consideration”). The Total Consideration includes an applicable early tender premium per $1,000 principal amount of Notes accepted for purchase as set forth in the table above (with respect to each series of Notes, the “Early Tender Premium”). Notes validly tendered after the Early Tender Date but prior to the Expiration Date and accepted for purchase will receive the Total Consideration minus the Early Tender Premium (with respect to each series of Notes, the “Tender Offer Consideration”).

    In addition to the consideration described above, all holders of Notes accepted for purchase in the Tender Offers will receive accrued and unpaid interest on such Notes from the last interest payment date with respect to such Notes to, but not including, the applicable settlement date (“Accrued Interest”).

    The Company intends to fund the purchase of validly tendered and accepted Notes with available cash on hand and other sources of liquidity. The purpose of the Tender Offers is to purchase a portion of the Notes, subject to the Aggregate Notes Cap and the Series Notes Caps, in order to reduce the Company’s total outstanding public debt.

    The Tender Offers will expire on the applicable Expiration Date. Except as set forth below, payment for the Notes that are validly tendered prior to or at the Expiration Date and that are accepted for purchase will be made on a date promptly following the Expiration Date, which is currently anticipated to be March 14, 2025, the third business day after the Expiration Date. The Company reserves the right, in its sole discretion, to make payment for Notes that are validly tendered prior to or at the Early Tender Date and that are accepted for purchase on an earlier settlement date, which, if applicable, is currently anticipated to be February 27, 2025, provided that the conditions to the satisfaction of the applicable Tender Offer are satisfied. The Company is not obligated to conduct any early settlement or have any early settlement occur on any particular date.

    Tendered Notes may be withdrawn prior to or at, but not after, 5:00 p.m., New York City time, on February 24, 2025.

    The Tender Offers are subject to the satisfaction or waiver of certain conditions which are specified in the Offer to Purchase. The Tender Offers are not conditioned on any minimum principal amount of Notes being tendered.

    Information Relating to the Tender Offers

    The Offer to Purchase is being distributed to holders beginning today. J.P. Morgan Securities LLC is serving as dealer manager in connection with the Tender Offers. Investors with questions regarding the terms and conditions of the Tender Offers may contact the dealer manager as follows:

    J.P. Morgan Securities LLC
    383 Madison Avenue
    New York, New York 10179
    United States
    Attention: Liability Management Group
    U.S. Toll-Free: (866) 834-4666
    Collect: (212) 834-7489

    D.F. King & Co., Inc. is the Tender and Information Agent for the Tender Offers. Any questions regarding procedures for tendering Notes or request for copies of the Offer to Purchase should be directed to D.F. King & Co., Inc. by any of the following means: by telephone at (866) 342-4881 (toll-free) or (212) 269-5550 (collect) or by email at nasdaq@dfking.com.

    This press release does not constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, or the solicitation of tenders with respect to, the Notes. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation or sale would be unlawful. The Tender Offers are being made solely pursuant to the Offer to Purchase made available to holders of the Notes. None of the Company or its affiliates, their respective boards of directors, the dealer manager, the tender and information agent or the trustee with respect to any series of Notes is making any recommendation as to whether or not holders should tender or refrain from tendering all or any portion of their Notes in response to the Tender Offers. Holders are urged to evaluate carefully all information in the Offer to Purchase, consult their own investment and tax advisors and make their own decisions whether to tender Notes in the Tender Offers, and, if so, the principal amount of Notes to tender.

    About Nasdaq

    Nasdaq (Nasdaq: NDAQ) is a global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence.

    Cautionary Note Regarding Forward Looking Statements

    This press release contains forward-looking information that involves substantial risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. When used in this communication, words such as “enables,” “intends,” “will,” and similar expressions and any other statements that are not historical facts are intended to identify forward-looking statements. Forward-looking statements in this press release include, among other things, statements about the proposed Tender Offers and the expected source of funds. Risks and uncertainties include, among other things, risks related to the ability of Nasdaq to consummate the Tender Offers on the terms and timing described herein, or at all, Nasdaq’s ability to implement its strategic vision, initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in Nasdaq’s reports filed on Forms 10-K, 10-Q and 8-K and in other filings Nasdaq makes with the SEC from time to time and available at www.sec.gov. These documents are also available under the Investor Relations section of the Company’s website at http://ir.nasdaq.com. The forward-looking statements included in this communication are made only as of the date hereof. Nasdaq disclaims any obligation to update these forward-looking statements, except as required by law.

    Media Relations Contacts:

    Nick Jannuzzi
    +1.973.760.1741
    Nicholas.Jannuzzi@Nasdaq.com

    Nick Eghtessad
    +1.929.996.8894
    Nick.Eghtessad@Nasdaq.com

    Investor Relations Contact:

    Ato Garrett
    +1.212.401.8737
    Ato.Garrett@Nasdaq.com

    NDAQF

    The MIL Network

  • MIL-OSI Russia: A Stronger Engine for Middle East and North Africa’s Growth

    Source: IMF – News in Russian

    The Managing Director’s Keynote Speech at the Ninth Arab Fiscal Forum, Dubai, UAE

    February 10, 2025

    Assalamu alaikum, your excellencies. I would like to thank Minister Al Hussaini for the United Arab Emirates’ continued warm hospitality in hosting this important annual event, as well as his excellent leadership of the World Bank’s Development Committee.

    It is a privilege to address you at the ninth Arab Fiscal Forum. Over the years, the IMF and Arab countries have always had a strong and productive partnership. Today, this partnership is more vital than ever as the world and this region undergo significant economic, technological, and geopolitical shifts—a point that I will reflect on later.

    In my remarks, I will explore how Arab countries can leverage fiscal policy to transform their economies for the future, and harness technology and investment opportunities for the benefit of their people.

    Global outlook and transformations

    Let me start with an overview of the global and regional economic outlook.

    Global growth is projected to hold at 3.3 percent this year and the next, and then to slow over the next five years, to just above 3 percent. This is well below the historical average.

    For the Middle East and North Africa, we expect growth to rebound to about 3.6 percent in 2025, driven by a recovery in oil production and an easing of regional conflicts. However, as with the global economy, our medium-term outlook still sees growth weaker than before the pandemic.

    Policymakers have generally succeeded in taming inflation, but not everywhere, with inflation picking up again in some countries. This could lead to a divergence in interest rates across countries and higher borrowing costs for emerging market and developing economies.

    On the fiscal side, the legacy of the multiple shocks from the last years leaves public finances under significant strain in many countries. Global public debt is projected to hit 100 percent of global GDP by 2030. Many countries in this region face similar pressures, with debt levels exceeding 70 percent of GDP. This poses the risk of them becoming trapped in a low-growth, high-debt scenario.

    Governments have the difficult task of containing high debt levels in the face of rising spending needs. This region faces the pressing need to create jobs, enhance social safety nets, build resilience to more frequent natural disasters, and support economic diversification. The demands of national security and post-conflict reconstruction are also substantial.

    This is all happening at a time of significant global transformations, which are creating a more uncertain and challenging environment for policymaking. We know, for instance, that trade is no longer the engine of growth that is used to be—unlike the decades of the 1990s and 2000s when global trade grew much faster than global GDP, the two are now growing at roughly the same rate. Governments around the world are shifting policy priorities: the new US administration has been clear that it intends to take action in the areas of trade, tax and spending, deregulation, and technology/digital assets. And the technology revolution—especially AI—is upon us and is set to transform the way we live and work, perhaps as early as the next five years.

    These rapid transformations mean the recipes of the past may no longer provide the path to prosperity. Economies will need to be agile, adaptable and resilient—these will be the ingredients for future success.

    How can the MENA region find these ingredients for success and avoid a low-growth, high-debt scenario?

    Building adaptable and more resilient economies

    First, focus on structural changes that increase economic resilience, agility, and long-term growth potential. Too often, countries use fiscal stimulus to boost short-term domestic demand. While this “sugar rush” provides temporary growth, it often fuels inflation and financial turbulence. Instead of merely stepping on the gas, we need a stronger engine.

    Productivity growth is essential for stronger growth and driving up economic performance. Our research in the Arab region shows how to do it: accelerate digitalization, reduce the state’s footprint in the economy, foster trade diversification, and encourage the free flow of capital to dynamic firms.

    Countries in the region that are more digitalized have substantially higher productivity than less-digitalization ones. Some countries are among the most developed in the world in this area. Digital innovation, with AI technologies, is expected to raise UAE’s GDP significantly by 2030. More R&D spending will further enhance productivity.

    Reducing the state’s footprint in the economy and strengthening governance can yield significant benefits. For example, Saudi Arabia’s regulatory improvements have fostered private sector investment, especially in the non-oil economy. The UAE’s National Agenda for Entrepreneurship has supported a vibrant startup community, and Morocco’s New Model of Development aims to spur markets by improving public sector governance.

    Encouraging employment is also a key ingredient for stronger growth. With a growing working-age population, the region has to make the most of its demographic advantage. Creating more private jobs, for women and youth in particular, can lead to more vibrant and inclusive economies. This requires more-flexible labor markets, and investment in education and vocational training. We have recently seen impressive developments in this regard in Oman, Qatar, and Bahrain.

    A second priority is economic diversification. Today’s transformations provide an excellent opportunity to stimulate and reallocate resources toward new economic sectors and services. This could become a robust new growth engine, particularly for oil-exporting countries. Many countries are already investing in new technologies, such as batteries for electric cars; in improving connectivity and in green supply chains, for example.

    Third, in a world where patterns of cooperation are shifting, countries need to look for opportunities to cooperate in new ways. In many cases, this means deepening regional cooperation. The GCC is an excellent example of the benefits of regional integration—one that I can imagine can be emulated elsewhere.

    Building fiscal buffers and institutions  

    Let me turn to the fiscal side.

    Prudent fiscal stance is essential for macroeconomic stability — a prerequisite for a vibrant private sector and economic growth. An overarching priority today is to decisively use fiscal policy to build fiscal buffers, which is essentially the capacity to spend when needed – for example, to respond to shocks, manage and mitigate risks, and meet pressing development and climate-related needs.

    Many countries will need to pursue fiscal consolidation. It is crucial to carefully calibrate the size, pace, and composition of fiscal adjustments, to avoid unduly hampering growth. Tailoring budgetary reforms to each country’s circumstances, with a helping hand for those who lose out, is vital to ensure public support.

    In this context, increasing tax revenues remains a priority. Our research finds significant potential in strengthening domestic tax systems. This requires expanding tax bases, especially as economies diversify. For example, as new sectors grow, including through digitalization, they can become an important source of tax revenues. In addition, digitalization and AI can help modernize tax administrations.

    Domestic taxes will remain the primary source of funding government spending. However, private domestic and external financing will be needed to support the spending needs in the region. Addressing the impact of more frequent natural disasters will potentially require a cumulative $1 trillion in investment by 2030. The financial sector must play a larger role, while governments can enable an investment-friendly environment.

    Several countries in the region require special attention, either to resolve ongoing conflicts or to advance post-conflict reconstruction. I pray that peace and stability can be delivered in Sudan and Yemen. I hope that the ceasefire in Gaza, along with political changes in Syria and Lebanon, can mark new beginnings. The international community’s reconstruction efforts provide a unique opportunity to rebuild better and lay the foundations for stronger growth.

    Let me conclude

    In a world of rapid transformations, it is critical for countries to become more agile, adaptable, and resilient. They need to look for new engines of growth, which will also help avoid a low-growth, high-debt trap.

    The private sector has to be in the lead in transforming economies in the region through entrepreneurship, job creation, and innovation.

    The role of governments is to foster the right environment for this private sector-led growth: by strengthening governance, modernizing public institutions, reducing bureaucracy, encouraging youth and female employment, and improving access to capital. And by designing and communicating policies that put people first and increase social support.

    The IMF remains fully committed to supporting the Middle East and North Africa. Since early 2020, we have approved about $33 billion in financing for the region, most recently in 2024 to help mitigate the impact of conflict. We have also recently reformed our surcharge policy, resulting in important savings for some countries. We have also expanded our capacity development and strengthened our regional presence with resident representative offices, technical assistance centers, and the new regional office in Riyadh.

    We are now stepping up our efforts to support the private sector, with the creation of a new IMF Advisory Council on Entrepreneurship and Growth. I can assure you, this region will be represented on it. And we look forward to the upcoming Al-Ula conference with emerging market economies, to discuss key issues affecting your economies. Jobs, innovation, and productivity—combined with a sound fiscal approach—will mean better prospects for citizens in this region and ultimately more peace and stability.

    Let’s get to work, or as you say, “linabda al-âmal”—let’s start the work together!

    I wish you all many insightful discussions and meaningful outcomes today.

    Shukran!

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER:

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/02/10/sp-021025-md-keynote-speech-ninth-arab-fiscal-forum

    MIL OSI

    MIL OSI Russia News

  • MIL-OSI United Kingdom: ACMD appoints new members

    Source: United Kingdom – Executive Government & Departments

    Four more experts have been appointed members to the Advisory Council on the Misuse of Drugs.

    Following the announcement of 10 leading experts joining the ACMD’s Advisory Council in January, 4 more appointments have been made today.

    • Professor Karen Ersche
    • Professor Sunjeev Kamboj
    • Doctor Lorna Nisbet
    • Jon Privett

    The 4 will be joining the ACMD which provides advice and makes recommendations to the government on the harms caused by drugs.

    Professor Ersche is Professor of Addiction Neuroscience at the Department of Psychiatry at the University of Cambridge, whilst Professor Kamboj is Professor of Translational Clinical Psychology at the Research Department of Clinical, Educational and Health Psychology at University College London.

    Doctor Nisbet is Senior Lecturer (teaching and research) at the Leverhulme Research Centre for Forensic Science, at the School of Science and Engineering, University of Dundee.

    Jon Privett will bring his extensive knowledge as an expert witness in drug trafficking with the Metropolitan Police to the ACMD.

    The appointments have been made in accordance with the Governance Code on Public Appointments.

    Updates to this page

    Published 10 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Embaixada do Reino Unido abre ed. 2025 do Embaixadora Por um Dia

    Source: United Kingdom – Executive Government & Departments

    Mulheres de 18 a 25 anos, com histórico de engajamento social e interesse em política, poderão concorrer a uma experiência imersiva na diplomacia britânica.

    A Embaixada do Reino Unido no Brasil se prepara para lançar a edição 2025 do concurso cultural “Embaixadora Por um Dia”, uma iniciativa que celebra o Dia Internacional da Mulher e incentiva a participação feminina na política e nas relações internacionais.

    O concurso busca identificar jovens líderes mulheres (cis e trans) pretas, pardas ou indígenas, com idade entre 18 e 25 anos, que tenham interesse em diplomacia e engajamento político. A vencedora terá a oportunidade de vivenciar de perto a rotina diplomática, participando de reuniões, eventos e experiências imersivas na Embaixada do Reino Unido e em Brasília.

    Como participar

    As inscrições serão abertas em 10 de fevereiro de 2025. Para concorrer, as candidatas deverão produzir um vídeo de até 90 segundos, respondendo à pergunta:

    “Como o engajamento político pode transformar sua comunidade e o mundo?”

    Os vídeos deverão ser publicados no Instagram, com a hashtag #AmbassadorForADayUK, mencionando os perfis @UKinBrazil e @embaixadorabritanica. O perfil da participante deve estar público durante o período de avaliação.

    Quem pode participar?

    O concurso é destinado a mulheres que atendam aos seguintes critérios:

    • Idade entre 18 e 25 anos;
    • Pretas, pardas ou indígenas;
    • Ensino médio cursado em escola pública e/ou renda familiar de até três salários mínimos;
    • Interesse por política e relações internacionais;
    • Experiência em projetos sociais;
    • Passaporte válido e disponibilidade para viajar em março de 2025.

    O que a vencedora ganha?

    • Uma viagem surpresa de cinco dias para participar de reuniões diplomáticas;
    • Um dia na Embaixada do Reino Unido, acompanhando a Embaixadora britânica no Brasil;
    • Oportunidade de compartilhar ideias com líderes políticos;
    • Tour por Brasília/DF;
    • Custos de hospedagem, alimentação e deslocamento cobertos.

    Critérios de seleção

    A escolha da vencedora será baseada em criatividade, história de vida e engajamento com questões políticas e sociais. A seleção é subjetiva e busca reconhecer jovens que demonstrem potencial para promover mudanças positivas em suas comunidades.

    Para mais informações entre em contato com:

    Embaixada do Reino Unido no Brasil

    Mariana Luz – Gerente de Imprensa

    Mariana.luz@fcdo.gov.uk

    (61) 98187-8240

    Updates to this page

    Published 10 February 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Isle of Wight Council launches 2025 National Apprenticeship Week 10 February 2025 Today (10th February) marks the start of this year’s Apprenticeship Week.

    Source: Aisle of Wight

    Today (Monday 10th February) marks the start of this year’s Apprenticeship Week and the Isle of Wight Council celebrated by raising the apprenticeship flag outside County Hall alongside council staff and apprentices.

    Since the introduction of the apprenticeship levy in 2017, more than 500 council and maintained school staff have embarked on their apprenticeship journeys. These individuals have benefited from over 70 different apprenticeship programmes, showcasing the diverse opportunities available. In 2024 alone, the Isle of Wight Council invested over half a million pounds in apprenticeship programmes, all funded by the apprenticeship levy.

    This brings the total investment to over £2.25 million, emphasising a commitment to developing the island’s workforce and fostering professional growth. Councillor Jonathan Bacon, cabinet member for Children’s Services, Education and Corporate Functions, said: “We are incredibly proud to be able to provide islanders with professional opportunities like apprenticeships through the Apprenticeship Levy.”

    “Apprenticeships give people a chance to build on their skills, knowledge and confidence in their career journey, no matter the stage of their life or circumstances.”

    “Anyone over the age of 16 can do an apprenticeship, and I’d encourage everyone to make use of the resources provided during this year’s National Apprenticeship Week to find the one that suits you best.”

    Stay tuned to the Isle of Wight Council’s social media channels where we’ll be highlighting apprenticeship stories, sharing resources to get you started on your own apprenticeship journey and celebrate the achievements of current apprentices on the island.

    For more information on National Apprenticeship Week: https://nationalapprenticeshipweek.co.uk/

    To explore apprenticeship opportunities at the Isle of Wight Council: https://www.iow.gov.uk/council-and-councillors/jobs-and-careers/apprenticeships/

    MIL OSI United Kingdom

  • MIL-OSI: Stardust Power Announces Exclusive Licensing Agreement for Lithium Brine Concentration Technology from KMX Technologies

    Source: GlobeNewswire (MIL-OSI)

    • Following the October 8, 2024 announcement, Stardust Power finalizes exclusive licensing agreement with KMX Technologies to enhance lithium production efficiency and sustainability.

    GREENWICH, Conn., Feb. 10, 2025 (GLOBE NEWSWIRE) — Stardust Power Inc. (NASDAQ: SDST) (“Stardust Power” or the “Company”), an American developer of battery-grade lithium products, today announced the execution of an exclusive licensing agreement with KMX Technologies, Inc. (“KMX”), a leader in advanced lithium brine concentration technology. This agreement grants Stardust Power the exclusive rights to utilize KMX’s innovative vacuum membrane distillation (“VMD”) technology for lithium extraction and concentration across the United States, Canada, and select international markets.

    The exclusive license grants Stardust Power the full rights to use and operate KMX VMD units within the designated territory and field of use for lithium. This agreement will support Stardust Power’s continued commitment to build out the North American lithium supply chain and onshoring of critical minerals in the rapidly growing North America lithium market.

    “This exclusive licensing agreement with KMX Technologies is a pivotal step forward in advancing Stardust Power’s sustainability and operational efficiency goals,” said Roshan Pujari, CEO and Founder of Stardust Power. “KMX’s VMD technology offers a unique opportunity to reduce both energy consumption and water use across our supply chain, particularly by concentrating lithium feedstocks for efficient logistics. By incorporating this technology, we aim to significantly lower operating costs while strengthening the U.S. critical mineral supply chain and enhancing national security, all while doing so in an environmentally responsible manner.” KMX’s technology is ideal for Stardust Power’s innovative hub and spoke refinery model. By reducing the volume of the brine feedstock, less volume needs to be transported. The large central refinery is designed to repulp feedstock and blend as needed.

    KMX’s VMD technology is capable of concentrating lithium from brine sources with minimal losses, thereby enhancing the economic viability of lithium projects. Additionally, the technology produces high-quality water as a byproduct, which can be used to minimize reliance on local freshwater resources in the lithium extraction process, a key factor in increasing water sustainability for the industry.

    Zachary Sadow, CEO of KMX Technologies, added, “We are excited to partner with Stardust Power, a visionary company dedicated to driving sustainability and innovation within the lithium sector. This agreement represents a shared commitment to improving the efficiency and environmental footprint of the lithium supply chain.”

    With the execution of this agreement, Stardust Power is positioned to deploy KMX’s VMD technology throughout Stardust Power’s network design and supply chain in order to optimize delivery of feedstocks to its lithium refinery under development in Muskogee, Oklahoma, with up to 50,000 metric tons per annum production capacity upon completion. The Company plans to integrate this advanced technology to further enhance the environmental and economic performance of its lithium production processes.

    About Stardust Power Inc.
    Stardust Power is a developer of battery-grade lithium products designed to bolster America’s energy leadership by building resilient supply chains. Stardust Power is developing a strategically central lithium refinery in Muskogee, Oklahoma with the anticipated capacity of producing up to 50,000 metric tons per annum of battery-grade lithium. The Company is committed to sustainability at each point in the process. Stardust Power trades on the Nasdaq under the ticker symbol “SDST.”

    For more information, visit www.stardust-power.com

    About KMX Technologies, Inc.
    KMX Technologies is solving the most critical environmental and energy challenges of the 21st century. Through its proprietary membrane distillation technology, the company sustainably sources critical minerals necessary for next generation supply chains and infrastructure, is advancing wastewater treatment, and is accelerating energy storage with its direct lithium recovery enhancement processes.

    Stardust Power Contacts

    For Investors:
    Johanna Gonzalez
    investor.relations@stardust-power.com

    For Media:
    Michael Thompson
    media@stardust-power.com

    Cautionary Note Regarding Forward-Looking Statements
    Certain statements in this press release constitute “forward-looking statements.” Such forward-looking statements are often identified by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “forecasted,” “projected,” “potential,” “seem,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or otherwise indicate statements that are not of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements and factors that may cause actual results to differ materially from current expectations include, but are not limited to: the ability of Stardust Power to realize the anticipated benefits of KMX’s technology; the ability of Stardust Power to grow and manage growth profitably, maintain key relationships and retain its management and key employees; obtaining the necessary permits and governmental approvals to develop the site; risks related to the uncertainty of the projected financial information with respect to Stardust Power; risks related to the price of Stardust Power’s securities, including volatility resulting from changes in the competitive and highly regulated industries in which Stardust Power plans to operate, variations in performance across competitors, changes in laws and regulations affecting Stardust Power’s business and changes in the combined capital structure; and risks related to the ability to implement business plans, forecasts, and other expectations and identify and realize additional opportunities. The foregoing list of factors is not exhaustive.

    Stockholders and prospective investors should carefully consider the foregoing factors, and the other risks and uncertainties described in documents filed by Stardust Power from time to time with the SEC.

    Stockholders and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which only speak as of the date made, are not a guarantee of future performance and are subject to a number of uncertainties, risks, assumptions and other factors, many of which are outside the control of Stardust Power. Stardust Power expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations of Stardust Power with respect thereto or any change in events, conditions or circumstances on which any statement is based.

    The MIL Network

  • MIL-OSI: Evome Medical Technologies Announces Significant Debt Reduction and Restructuring

    Source: GlobeNewswire (MIL-OSI)

    SHIRLEY, N.Y., Feb. 10, 2025 (GLOBE NEWSWIRE) — Evome Medical Technologies Inc. (the “Company”) (TSXV: EVMT) has announced a significant reduction in its overall ‎debt, strengthening its financial position, as a result of the execution of an amendment (the “Amendment”) to the forbearance agreement dated August 4, 2023 between the Company, Biodex Rehab Systems, LLC (“Biodex Rehab”), a wholly owned subsidiary of the Company, and Biodex Medical Systems, Inc. (“Biodex Medical”), a wholly owned subsidiary of Biodex Rehab, and Mirion Technologies (US), Inc. (“Mirion”).

    ‎The Amendment significantly improves the Company’s financial position by reducing its ‎outstanding debt to Mirion and extending repayment terms, while maintaining the Company’s commitment to ‎manufacture Mirion’s products under the existing contract manufacturing agreement ‎‎(the “CMA”) dated April 3, 2023 between Biodex Medical Systems, Inc. and Mirion Technologies (Capintec), Inc., an affiliate to Mirion.

    Pursuant to the Amendment, Biodex Rehab’s outstanding debt to Mirion has been reduced from ‎‎$6.7 million due in July 2025 to $4.25 million due in April 2030 – a $2.45 million reduction in ‎debt and a repayment extension of four years and nine months. In exchange, Biodex Medical has ‎committed to producing and delivering a guaranteed quantity of Mirion’s products under the current CMA until ‎March 2026 or sooner if Mirion is successful in transitioning the CMA ‎to a new manufacturer.‎

    Additionally, Mirion has agreed to remove restrictions imposed on the Company to use certain amounts of financing proceeds to repay debt to Mirion, ‎providing the Company with greater financial flexibility to raise capital and execute its growth plans. Mirion has ‎also relaxed certain restrictions on the Company’s merger and acquisition (M&A) activity, allowing ‎the Company to explore strategic opportunities more freely.‎

    Strategic and Financial Benefits for Evome

    The Amendment marks a major milestone in the Company’s ongoing restructuring strategy. By ‎reducing debt at both the parent company and subsidiary levels, the Company strengthens its ‎balance sheet and enhances its debt-to-equity ratio, improving overall financial stability. ‎Through the Amendment, the Company also gains the flexibility to raise capital and focus on high-‎margin business lines.‎

    In addition, the Amendment also underscores the continued progress for the Company under CEO Michael ‎Seckler, who has now successfully reduced total debt by $5.5 million since assuming the ‎leadership role in July 2023.

    ‎“This agreement strengthens our financial position and ensures we have the flexibility and ‎resources to drive growth,” said Michael Seckler, CEO of the Company. “By reducing our debt ‎burden, optimizing our assets, and securing capital-raising freedom, we are in a much ‎stronger position to expand our product offerings, invest in innovation, and execute on our ‎long-term vision. Evome remains committed to delivering high-quality products and ‎advancing its strategic goals while continuing to build shareholder value and strengthen its ‎financial foundation.”‎

    About Evome Medical Technologies Inc.

    Evome, through its operating subsidiaries, specializes in human performance and rehabilitative solutions achieved through strategic acquisitions and leveraging the intellectual properties of specialized companies. Evome’s goal is to create a large, broad-based medical device company with global reach. For more information visit www.evomemedical.com. Biodex® boasts innovative rehabilitation solutions, recognized for its advanced product line serving orthopedic, sports medicine and neurorehabilitation needs. Renowned for its precision and durability, Biodex® offers advanced equipment such as balance and mobility systems, isokinetic testing devices and comprehensive upper extremity rehabilitation tools. With a presence in over 70 countries and partnerships with 52 distributors, Biodex® continues to drive advancements in patient care through a strong commitment to research, education and technology integration.

    For more information please contact:‎

    Mike Seckler ‎
    Chief Executive Officer ‎
    Tel: 1 (800) 760-6826 ‎
    Email: Info@Salonaglobal.com‎

    Additional Information

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

    Certain statements contained in this press release constitute “forward-looking information” within ‎the meaning of the Private Securities Litigation Reform Act of 1995 and applicable Canadian securities ‎laws. These statements can be identified by the use of forward-looking terminology such as “expects” ‎‎“believes”, “estimates”, “may”, “would”, “could”, ‎‎”should”, “potential”, ‎‎‎‎‎”will”, “seek”, “intend”, ‎‎”plan”, and “anticipate”, and similar expressions as they relate ‎‎‎‎to the Company. All ‎statements ‎other than statements of ‎historical fact may be ‎forward-looking‎ information. Such statements reflect the Company’s current views and intentions with ‎respect to future ‎events, and current information available to the Company, and are subject to certain ‎risks, ‎uncertainties and assumptions. The ‎Company cautions that the forward-looking statements contained herein are qualified by important ‎factors that could cause actual results to differ materially from those reflected by such statements. ‎Such factors include but are not limited to the ‎‎general business and ‎‎economic ‎conditions in the ‎regions in ‎which the Company operates; the ability of the Company to execute on key ‎‎priorities, ‎‎including the successful completion of acquisitions, business‎ retention, and‎‎ strategic plans and to‎‎ ‎attract, develop ‎and retain key executives; difficulty integrating newly acquired businesses; ‎‎ongoing ‎or new disruptions in the supply chain, the extent and scope of such supply chain disruptions, and the ‎timing or extent of the resolution or improvement of such disruptions; the ability to‎‎‎ implement ‎business strategies and pursue business opportunities; ‎‎disruptions in or attacks (including ‎cyber-‎attacks) on the Company’s information technology, internet, network access or other ‎‎voice or data ‎‎communications systems or services; the evolution of various types of fraud or other ‎‎‎criminal ‎behavior to which ‎the Company is exposed; the failure of third parties to comply with their ‎obligations to ‎‎the Company or its ‎affiliates; the‎ impact of new and changes to, or application of, ‎current laws and regulations; ‎granting of permits and licenses in a highly regulated business; the ‎‎overall difficult ‎‎‎‎‎litigation environment, including in the United States; increased competition; changes ‎in foreign currency rates; ‎increased ‎‎‎‎funding ‎costs and market volatility due to market illiquidity and ‎competition for funding; the ‎availability of funds ‎‎‎‎and resources to pursue operations; critical ‎‎accounting estimates and changes to accounting standards, policies,‎‎‎‎ and methods used by the ‎Company; the occurrence of natural and unnatural‎‎ catastrophic ‎events ‎and claims ‎‎‎‎resulting from such ‎events; as well as those risk factors discussed or ‎referred to ‎in the ‎Company’s disclosure ‎documents ‎filed with ‎‎the securities regulatory authorities in certain provinces of Canada and ‎‎available at ‎‎www.sedarplus.com. Should any ‎factor affect the Company in an unexpected manner, or should ‎‎‎assumptions underlying ‎the forward-looking ‎information prove incorrect, the actual results or events ‎may differ ‎‎materially from the results ‎or events predicted. ‎Any such forward-looking information is ‎expressly qualified in its ‎‎entirety by this cautionary ‎statement. Moreover, ‎the Company does not ‎assume responsibility for the accuracy or ‎‎completeness of such ‎forward-looking ‎information. The ‎forward-looking information included in this press release ‎‎is made as of the ‎date of this press ‎release ‎and the Company undertakes no obligation to publicly update or revise ‎‎any forward-‎looking ‎information, ‎other than as required by applicable law‎.‎

    The MIL Network

  • MIL-OSI Asia-Pac: CE meets Heilongjiang officials

    Source: Hong Kong Information Services

    Continuing his visit to Harbin, Chief Executive John Lee today called on leaders of Heilongjiang Province, visited injured Hong Kong ice hockey athletes, met Hong Kong people working in the three northeastern provinces, and toured the Beidahuang Museum.

    Mr Lee met respectively CPC Heilongjiang Provincial Committee Secretary Xu Qin and Heilongjiang Governor Liang Huiling to exchange views on issues of mutual concern.

    The Chief Executive remarked that Heilongjiang Province has leveraged the ice and snow economy as a new engine for economic development by making good use of its rich tourism resources while actively promoting winter sports. He added that Heilongjiang Province sets an example of integrating sports with cultural and tourism development, which is inspiring to Hong Kong.

    Noting that Hong Kong is the largest source of external investment for Heilongjiang, Mr Lee said Hong Kong, as a “super connector” and a “super value-adder”, can serve the Mainland in exploring global markets.

    Additionally, highlighting that the Individual Visit Scheme has been extended to include Harbin in Heilongjiang Province since last May, while direct flights between Harbin and Hong Kong were launched last June, Mr Lee said tourism co-operation between the two places has been strengthened, thereby promoting people-to-people bonds.

    The Beijing Office and Liaoning Liaison Unit of the Hong Kong Special Administrative Region Government will continue to serve as a bridge to enhance exchanges between Hong Kong and Heilongjiang in various areas, he added.

    Separately, Mr Lee visited the Hong Kong ice hockey players who were injured yesterday after a match at the 9th Asian Winter Games Harbin 2025, to understand their condition and offer his support.

    The Chief Executive stressed that he is highly concerned about the attack on Hong Kong athletes. He has requested the Sports Federation & Olympic Committee of Hong Kong, China as well as the Culture, Sports & Tourism Bureau to follow up on the incident and make every effort to ensure the athletes’ safety.

    He pointed out that the Hong Kong players had remained calm and restrained during the incident, demonstrating professionalism and sportsmanship, and praised the ice hockey team for its outstanding performance in the past competitions, making Hong Kong people proud.

    The Chief Executive also encouraged the athletes not to let the incident affect their morale, to take good care of themselves and to give their best in the Games, assuring them that Hong Kong people would fully support them.

    While meeting Hong Kong people working and doing business in the three northeastern provinces to learn about their daily lives and development, he encouraged them to introduce Hong Kong’s latest developments to local enterprises and tell the good stories of Hong Kong.

    In the afternoon, Mr Lee visited the Beidahuang Museum to understand the transformation of the “Great Northern Wilderness”, a plain region in northeastern Heilongjiang, from a barren wilderness into a key commodity grain base and a strategic grain reserve base of China. He also gained insights into the “Beidahuang spirit” which embodies perseverance, resilience and a pioneering mindset.

    Meanwhile, Secretary for Culture, Sports & Tourism Rosanna Law had a work meeting with Heilongjiang Province Department of Culture & Tourism Director-General He Jing this afternoon, during which she gave a briefing on the latest developments of Hong Kong’s culture and tourism.

    Miss Law told the meeting that as the cultural and tourism resources of Hong Kong and Heilongjiang are unique in their own ways, there is significant potential for collaboration. She expressed hope to expand the market and drive bilateral tourism flow with Heilongjiang in the future.

    The Chief Executive will head back to Hong Kong tomorrow.

    MIL OSI Asia Pacific News

  • MIL-OSI China: Rescue efforts continue after landslide hits southwest China village

    Source: China State Council Information Office 2

    Rescuers are working around the clock to locate survivors after a landslide hit a village in Sichuan Province, southwest China Saturday morning.
    The landslide occurred at about 11:50 a.m. on Saturday in the mountainous village of Jinping in Junlian County under the city of Yibin. As of Sunday, local authorities confirmed one person to be dead, 28 missing, and two injured.
    Xinhua reporters at the scene saw firefighters, equipped with life detectors, advancing through the rubble despite the challenging conditions. They frequently crouched down, using their hands to explore cracks and crevices, meticulously searching for any signs of life.
    Radar systems have been deployed on the mountainside to provide real-time monitoring of terrain stability, according to the tunnel emergency rescue team from Yunnan Province, southwest China.
    Meanwhile, geological experts are using drones and advanced surveying equipment to provide technical and safety support. At the site of the landslide, excavators and search teams remain steadfast, racing against time in the ongoing search and rescue mission.
    Rescue operations have been hampered by slippery conditions due to wet and cold weather, and the region’s complex terrain, said a staffer with the fire and rescue brigade in Yibin.
    Drone footage on Sunday morning showed a vast collapse zone stretching from the mountain summit to the base. The landslide spans around 100 meters in width, with a vertical drop of over 400 meters and extending 1.2 kilometers.
    So far, 360 people from 95 households have been evacuated to temporary shelters. The two injured people are receiving treatment.
    Sichuan has mobilized 949 personnel from the military, armed police, firefighting, emergency response, transportation, medical, telecommunication, and other forces to carry out or assist with the rescue efforts.

    MIL OSI China News

  • MIL-OSI China: China deplores US-Japan statement that interferes in China’s domestic affairs

    Source: China State Council Information Office

    China deplores and strongly opposes the latest joint statement made by the United States and Japan concerning China, as the statement is brazen interference in China’s domestic affairs, foreign ministry spokesperson Guo Jiakun said Monday.

    The joint statement released last week expressed support for Taiwan’s so-called meaningful participation in international organizations, and reaffirmed that Article V of the U.S.-Japan Treaty of Mutual Cooperation and Security applies to the Diaoyu Dao, an inherent part of China’s territory.

    In response, Guo told a daily news briefing that the China-related content of the joint statement blatantly interferes in China’s internal affairs, smears China and plays up regional tensions.

    China has lodged solemn representations with Japan, Guo said.

    Noting that the Taiwan question is purely China’s internal affairs and central to its core interests, he said the country will not tolerate any external interference.

    The governments of the United States and Japan have made solemn commitments to China on the Taiwan question. Furthermore, Japan should be more cautious in words and actions because it bears the grave historical responsibility for invading and colonizing Taiwan, Guo added.

    He said if those countries really care about peace and stability across the Taiwan Strait, they should abide by the one-China principle and unequivocally oppose “Taiwan independence.”

    The Taiwan region’s participation in the activities of international organizations must and can only be handled in line with the one-China principle, and Taiwan does not have any ground, reason or right to join international organizations whose membership is confined to sovereign states, he said.

    The Diaoyu Dao and its affiliated islands have always been part of China’s territory, and it is legitimate and lawful for China to conduct activities in relevant waters, Guo said.

    “We urge the United States and Japan to abide by the one-China principle and their own commitments, immediately stop interfering in China’s internal affairs, refrain from sending any wrong signal to the ‘Taiwan independence’ forces, earnestly respect China’s territorial sovereignty and maritime rights and interests, stop manipulating China-related issues, and take concrete actions to play a constructive role in promoting regional peace and development,” he said.

    MIL OSI China News

  • MIL-OSI United Kingdom: UK-India defence agreements boost ‘Atmanirbhar Bharat’ ambition

    Source: United Kingdom – Government Statements

    The UK-India strategic partnership has taken another major step forward with the formal launch of Defence Partnership – India (DP-I) and the signing of several defence agreements at Aero India 2025.

    Announcing DP-I, UK Defence Minister Lord Vernon Coaker opened the UK-India Defence Partnership Pavilion, establishing a dedicated programme office within the UK’s Ministry of Defence that will serve as a one-stop shop for strengthening bilateral defence collaboration between the two countries.

    The UK and India have today agreed to expand their collaboration on next-generation weapons with Thales and Bharat Dynamics Limited (BDL). Thales and BDL have signed a contract that will deliver Laser Beam Riding MANPADs (LBRM), with an initial supply of High Velocity Missiles (STARStreak) and launchers to be delivered this year. This contract represents an important next step for UK-Indian defence co-operation in the critical area of air defence.

    Lord Vernon Coaker, UK Defence Minister, said:

    It was a pleasure to visit India and continue to grow our already strong defence relationship. Our Defence Partnership and the UK-India Defence Partnership Pavilion will help strengthen our cooperation further, supporting economic growth in both our countries and India’s Atmanirbhar ambition.

    This event showcases our collaboration in next generation capability, and the massive potential the UK and India can unlock by working together.

    Following the signing of this initial LBRM contract, both Thales and BDL will further collaborate to produce Lightweight Multirole Missiles (LMM). This develops and expands the partnership between Indian and British industry, laying the foundation for BDL and Indian industry to form an integral part of Thales’ global supply chain. It will address mutual security concerns, create jobs in both countries and enable interoperability by both armies.

    Lindy Cameron, British High Commissioner to India, said:

    India is taking significant steps in its journey to become Atmanirbhar in its defence capabilities. The UK is really looking forward to working with India as a partner of choice in supporting this ambition: collaborating on defence technologies lies at the heart of this. These are landmark agreements that support our economic growth and joint security.

    In a separate development, MBDA UK and BDL have been working together on the installation of a first of its kind Advanced Short-Range Air to Air Missile (ASRAAM) assembly and test facility in Hyderabad, arming current fleet of India’s fighter jets as well as exporting to the world.

    On the maritime front, the UK and India have signed a Statement of Intent to design and develop an Integrated Full Electric Propulsion (IFEP) system for India’s next generation Landing Platform Dock (LPD) fleet. As next steps, GE Vernova and BHEL are working to develop India’s first maritime Land Based Testing Facility to deliver LPD in the water by 2030.

    The strengthening of UK-India partnership will directly support India’s ‘Atmanirbhar Bharat’ ambition and deliver the UK Government’s growth agenda and Plan for Change.

    Further information

    • Free-to-use high resolution images of the UK delegation at Aero India will be uploaded online: www.flickr.com/photos/ukinindia.

    • The British companies at Aero India 2025 are Rolls Royce, BAE Systems, MBDA UK, Thales UK, GE Vernova, Leonardo, Strongfield Technologies, ASL, SEKO Logistics, Jaguar Engineering Centre of Excellence, Aviation Defence Supplies Ltd and Ricardo.

    • Following the signing of the LBRM contract both Thales UK and BDL will further collaborate to co-produce Lightweight Multirole Missiles with BDL forming an integral part of the Thales supply chain, increasing manufacturing capacity for global export.

    • UK Defence invested £69 million to secure Thales UK supply chain for key components used in the manufacture of missiles in 2024.

    • The landmark maritime electric propulsion capability transfer will ensure self-reliance in the power and propulsion of the Indian Navy’s next generation fleets.

    Media

    David Russell, Communications Counsellor and Spokesperson,
    British High Commission, Chanakyapuri,
    New Delhi 110021. Tel: 24192100

    Media queries: BHCMediaDelhi@fcdo.gov.uk

    Follow us on Twitter, Facebook, Instagram, Flickr, Youtube and LinkedIn

    Updates to this page

    Published 10 February 2025

    MIL OSI United Kingdom

  • MIL-OSI Russia: Dmitry Grigorenko: The first regional services “life situations” have been launched

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Regional services “life situations” have been launched in Russia for the first time. 85 services “life situations” have been launched on the unified portal of state services and regional portals for the provision of services, which include services provided by the subjects of the Russian Federation. With the help of the services “life situations” the time for receiving state services is reduced, as well as the number of visits to departments and documents that need to be provided.

    Life situations services combine services that are needed by people and businesses in certain circumstances, provided comprehensively and in one place.

    At the federal level, the “life situations” services are being implemented since 2023. 34 federal “life situations” services have already been launched. In particular, these are services for large families, replacement and restoration of documents, moving to another region, opening a business.

    To date, more than 1.5 million people have used the federal “life situations” services.

    Within the framework of one regional service, “life situation” has decreased on average:

    – the time to receive services is almost 2 times shorter – up to 25 days;

    – the number of documents that need to be submitted to departments is doubled – up to 4 units;

    – the number of in-person visits to departments has increased fourfold, to one.

    “Citizens are faced with the need to receive government services that are provided both at the federal and regional levels. It is important that a person receives a comfortable service regardless of whether these services are federal or regional. For this purpose, we have launched the “life situations” services, including those that combine regional services. The practice of using the most successful of them will be extended to other regions. That is, some of the “life situations” created in a specific region will become federal,” commented Deputy Prime Minister – Chief of the Government Staff Dmitry Grigorenko.

    For example, in the Republic of Buryatia, the service “life situation” helps in arranging care for an elderly relative at home and in providing the relative with assistance from a social worker. A person interacts with all departments in the “one-stop shop” mode on the page of the service “life situation”.

    The service “life situation” in the Yaroslavl region allows you to learn about the procedure for filing an application to receive the title “Veteran of Labor”. The service informs about the rights arising in connection with the assignment of the status “Veteran of Labor”, about the possibility of receiving regional social support measures, about the conditions for their appointment and provision.

    The service “life situation” in the Ryazan region helps to undergo a medical examination and preventive examination. Thanks to the service, you can sign up for a medical examination, fill out the documents required to visit the clinic, and get information on preparing for diagnostic tests. The results of the tests are sent to the citizen’s personal account on the public services portal.

    The “life situations” services launched in other regions allow one to solve a wide range of social issues, such as entering college or technical school, receiving regional support measures for the birth of children, and others.

    By the end of 2025, another 340 regional “life situations” services are planned to be launched. Thus, it is planned that by the end of 2025, 425 regional “life situations” services will be available.

    Work on the formation and launch of the “life situations” services is being carried out within the framework of the implementation of the federal project “State for People”.

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

    MIL OSI Russia News