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Category: Transport

  • MIL-OSI USA: SBA to Open Virtual Business Recovery Center to Assist Havasupai Tribe Businesses and Residents Affected by Flooding

    Source: United States Small Business Administration

    “As communities across the Southeast continue to recover and rebuild after Hurricanes Helene and Milton, the SBA remains focused on its mission to provide support to small businesses to help stabilize local economies, even in the face of diminished disaster funding,” said Administrator Isabel Casillas Guzman. “If your business has sustained physical damage, or you’ve lost inventory, equipment or revenues, the SBA will help you navigate the resources available and work with you at our recovery centers or with our customer service specialists in person and online so you can fully submit your disaster loan application and be ready to receive financial relief as soon as funds are replenished.”

    SACRAMENTO, Calif. – Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration, today announced the opening of its virtual Business Recovery Center to meet the needs of Havasupai Tribe businesses and individuals who were affected by flooding that occurred Aug. 22–23.

    “When disasters strike, our virtual Business Recovery Centers are key to helping business owners and residents get back on their feet,” Sánchez said. “At these virtual centers, people can connect directly with our specialists to apply for disaster loans and learn about the full range of programs available to rebuild and move forward in their recovery journey.”

    SBA has established a virtual Business Recovery Center to answer questions about SBA’s disaster loan program, explain the application process and help each individual complete their electronic loan application.

    Virtual Business Recovery Center

    Mondays – Fridays
    8:00 a.m. – 4:30 p.m. Pacific Time
    FOCWAssistance@sba.gov
    (916) 932-8956

    Opens at 8 a.m. Tuesday, Nov. 5

    Closed Monday, Nov. 11, 2024, in observance of Veterans Day

    Businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets.

    For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage.

    “SBA’s disaster loan program offers an important advantage–the chance to incorporate measures that can reduce the risk of future damage,” Sánchez continued. “Work with contractors and mitigation professionals to strengthen your property and take advantage of the opportunity to request additional SBA disaster loan funds for these proactive improvements.”

    SBA disaster loans up to $500,000 are available to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $100,000 to repair or replace damaged or destroyed personal property, including personal vehicles.

    Interest rates can be as low as 4 percent for businesses, 3.25 percent for private nonprofit organizations and 2.813 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

    Interest does not begin to accrue until 12 months from the date of the first disaster loan disbursement. SBA disaster loan repayment begins 12 months from the date of the first disbursement.

    On October 15, 2024, it was announced that funds for the Disaster Loan Program have been fully expended. While no new loans can be issued until Congress appropriates additional funding, we remain committed to supporting disaster survivors. Applications will continue to be accepted and processed to ensure individuals and businesses are prepared to receive assistance once funding becomes available.

    Applicants are encouraged to submit their loan applications promptly for review in anticipation of future funding.

    Applicants may apply online and receive additional disaster assistance information at SBA.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The deadline to apply for property damage is Dec. 24, 2024. The deadline to apply for economic injury is July 25, 2025.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News –

    January 26, 2025

  • MIL-Evening Report: Primary care involves more than GPs. A new review shows how patients can better access care

    Source: The Conversation (Au and NZ) – By Stephen Duckett, Honorary Enterprise Professor, School of Population and Global Health, and Department of General Practice and Primary Care, The University of Melbourne

    Drazen Zigic/Shutterstock

    Australians today are more likely than previous generations to live with complex and chronic diseases, such as diabetes, heart disease and depression.

    This means they’re more likely to need health care from a variety of different providers, such as nurses, podiatrists, psychologists and physiotherapists, as well as GPs. This is known as “multidisciplinary care”. It works best when the skills of all these professions are available to the patient in a co-ordinated way.

    But the roles of health professions, and the way they’re funded, have been frozen in legislation and policy for decades. Any change has been incremental and disjointed. It has mostly involved adding more items to the Medicare schedule, with each professional practising separately.

    The result has been greater inequity of access. Because fewer than half of allied health fee-for-service visits are bulk-billed, most patients pay almost A$70 for each consultation – and sometimes much more. Those who can’t afford the out-of-pocket costs and can’t find a bulk-billing practitioner miss out.

    To assess how the government can remove barriers to team-based care and get health professions working to their full potential, or their full “scope of practice”, last year the government commissioned an independent review.

    The final report, released yesterday, sets a new path for the primary care workforce. This could make multidisciplinary care within reach of all Australians.

    Using health-care workers’ full potential

    The review involved extensive consultation, including on two issues papers. The report itself incorporates feedback from the consultations, including sceptical comments, reflecting a divergence of opinions.

    Reflected the report’s title, Unleashing the Potential of our Health Workforce, its main emphasis is to change the rules and regulations imposed by state and federal governments. These stymie health professionals and limit their ability to use their full skills and knowledge to manage their patients’ care.

    Over recent decades, health professionals’ education has improved. So professionals are capable of doing more than previously. Yet the rules and regulations have not advanced and so inhibit professionals from making those skills and knowledge available.

    The review argues this contributes to career dissatisfaction, and to people leaving various health professions, exacerbating workforce shortages.

    The review proposes a new way of documenting and describing what can be done by a profession through what it calls a National Skills and Capability Framework and Matrix.

    As with many other recommendations, the review points to where this is done already internationally and how it can nestle into other policies and frameworks to aid implementation.

    Health-care workers aren’t using all their skills.
    DC studio/Shutterstock

    To the disappointment of most allied health professions, the review does not recommend more Medicare payments for them to practise independently.

    Rather, the review recommends payment to general practices for them to expand multi-disciplinary teams. This would see professionals working together, rather than in competition or isolation.

    The review also recommends changing the rules about referrals by health professionals, allowing qualified health professionals to refer directly to non-GP medical specialists in similar areas. This means your psychologist could refer you directly to a psychiatrist if needed, or your physiotherapist could refer you directly to an orthopaedic surgeon rather than needing to go back to your GP.

    This will weaken the role of the GP as a “gatekeeper” and also potentially undermine the more holistic care that GPs provide. But from a patient’s point of view, eliminating the intermediate step saves them out-of-pocket costs.

    An important recommendation recognises that the health system evolves and rules and regulations need to evolve too. It therefore supplements its recommendations for changes now, with an approach for continuous review through an independent mechanism. This would provide evidence-based advice and recommendations about:

    • significant workforce innovation
    • emerging health care roles
    • workforce models that involve significant change to scope.

    When will we see change?

    The review sets out a loose timeline for implementation, described as short, medium and long term. And it assigns responsibility for each element of its recommendations to appropriate bodies and governments.

    As almost all the recommendations require legislative change, and many require agreement between the Commonwealth and the states, it’s unlikely any of the changes will take effect this financial year.

    The review recommends change be implemented in a systematic, evidence-based and safe way. Implementation would start in areas of greatest need such as in rural and remote Australia and also in practices most ready for the change, such as Aboriginal Controlled Community Health Organisations or Victoria’s Community Health Centres.

    The review recommends changes to the referral process.
    voronaman/Shutterstock

    In releasing what he referred to as a “landmark” report, Health Minister Mark Butler noted the complexity of implementation, which would require collaborative action with states and territories. He noted the need for further consultation, but nevertheless took a supportive tone.

    Can this review prompt real health reform?

    Overall, the review charts a middle course between letting health professionals roam free and the tight and inappropriate rules and regulations which constrain patient care today. It also sets out the practical steps to achieve its goals.

    The one downside of the report is the emphasis on harmonisation of state and territory approaches. This would replace the current approach, where each state and territory decides, for example, on what vaccines can be administered by which professionals and what pharmacists can dispense without a medical practitioner’s prescription.

    One of the benefits of a federation is the potential for state- and territory-based innovation and cross-border learning. Harmonisation will limit that experimenting, and may lead to more of the stasis seen in health workforce policy in the past.

    Stephen Duckett was consulted by the Independent Reviewer during the course of the Review and commented on the Review’s Issues Papers and Draft Final Report

    – ref. Primary care involves more than GPs. A new review shows how patients can better access care – https://theconversation.com/primary-care-involves-more-than-gps-a-new-review-shows-how-patients-can-better-access-care-242698

    MIL OSI Analysis – EveningReport.nz –

    January 26, 2025

  • MIL-OSI China: IP takes lead in western China’s innovation surge

    Source: China State Council Information Office 2

    An aerial drone photo taken on Sept. 8, 2024 shows a partial view of the Shichengzi photovoltaic power station in Hami City, northwest China’s Xinjiang Uygur Autonomous Region. [Photo/Xinhua]
    The western regions of China have experienced remarkable economic strides in recent years, and one contributing factor to this success is the progress made in intellectual property (IP). Amidst the country’s green transformation and pursuit of high-quality growth, this once-impoverished hinterland has now taken an IP-driven development path.
    The China National Intellectual Property Administration (CNIPA) has recently reported rapid growth in two key IP types in the regions. By the end of September, the number of valid invention patents in the regions reached 493,000, up 16.7 percent year on year. Registered trademarks also rose by 10.5 percent compared to the previous year.
    Such growth has not been easy to achieve. Comprising 12 provincial-level regions, western China covers two-thirds of the country’s land area and is home to over a quarter of its population. A sparsely populated area with limited infrastructure, the western regions have lagged economically compared to the eastern provinces.
    However, in recent years, these regions have actively promoted emerging industries, such as smart manufacturing, new energy vehicles and low-altitude economy, which in China are considered as new quality productive forces with high-value invention patents. Local departments have provided IP guidance and financial support to enterprises within these industries, facilitating their rapid growth and narrowing the gap with the east.
    From innovation to invention
    Some have even taken the lead in the country, such as clean energy technology.
    In northwest China’s Qinghai Province, a vast photovoltaic power generation park has been constructed in the Talatan Gobi Desert, spanning 600 square kilometers. Amidst the solar panels, flocks of white sheep were spotted roaming around.
    A few years ago, Talatan was a barren land. The locals creatively planted grass to prevent sand erosion and installed a large area of photovoltaic panels. The water used for cleaning the panels infiltrated beneath the surface, nourishing the grass. However, the grass growth-induced shade problem caused the solar panels to malfunction.
    To manage grass without chemicals, the park integrated sheep farming — using the animals to control vegetation and contribute to ecological conservation.
    This “photovoltaic sheep” concept, patented in 2018, has boosted the efficiency of local photovoltaic power generation, with the park now generating up to 80 million kilowatt-hours of electricity annually.
    Another example is the China-Laos Railway, which links Kunming, the capital of southwest China’s Yunnan Province, and the Lao capital Vientiane.
    The construction of the cross-border railway was a challenging task due to the complex geological structures along the route. Chinese engineers drilled solid tunnels through delicate mountain terrain and constructed high-pier and large-span railway bridges in earthquake-prone areas. Nearly 30 patents were obtained during the construction process, which has not only greatly improved efficiency and safety but also provided technical references for other major projects in both countries. In October this year, the patent-rich railway has facilitated over 42 million passenger trips since its operation in December 2021.
    The innovative achievements from China’s western regions have also garnered global attention. According to the latest report by the World Intellectual Property Organization, four major cities in the area – Xi’an, Chengdu, Chongqing, and Lanzhou – continue to lead the top 100 science and technology cluster ranking. These cities have further enhanced their industrial concentration, attracting high-quality enterprises and talent, and establishing themselves as significant regional hubs of innovation.
    “The market economy necessitates us to establish advanced technology as our competitive advantage and transform tech achievements into business resources. Therefore, we have chosen the path of IP,” said Wang Shechang, chairman of Xi’an-based China National Heavy Machinery Research Institute Co., Ltd.
    “Protecting IP is not only safeguarding innovation but also utilizing them as a means to enhance value exchange and facilitate the transformation of tech accomplishments,” Wang noted.
    From local to global
    Geographical indications (GI) are also a key element in the winning formula of development in Western China.
    GI is a type of IP that signifies a product’s specific origin and the qualities or reputation linked to that location. It serves as a mark of quality, setting the product apart from competitors.
    The latest data shows that the western region has recognized 931 GI products, accounting for 38.8 percent of the national total, with a direct annual output value of 429.8 billion yuan(60.36 billion U.S. dollars).
    “The brand value has been greatly enhanced as many products have obtained GI labels,” said Dolkun Awut, head of the Xinjiang IP department. “We leverage this advantage to drive the development of the GI industry and contribute to rural revitalization.”
    The Guangxi Zhuang Autonomous Region is a major GI contributor. It has 211 GIs, with a comprehensive output value of over 200 billion yuan and employment for over 5 million people.
    The promotion of GI has also strengthened cooperation between the western region and the world. According to the CNIPA, 36 GI products from the western regions have been included in the first China-EU GI list. In 2021, the two sides signed an agreement to enhance bilateral trade of agri-food products, with recognition and protection of 100 Chinese GIs and 96 EU GIs.
    Taking the wine at the eastern foot of Helan Mountain as an example, since it was included in the first China-EU GI list, the product from northwest China’s Ningxia Hui Autonomous Region has been exported to over 40 countries and regions, and major wine-producing areas in European countries such as Britain and France have imported 228,000 liters of this Chinese wine.
    Western China also places great importance on IP exchanges with neighboring countries.
    In Xinjiang, the local IP department has been providing guidance to Chinese enterprises on marketing in Central Asian countries and helping them improve their ability to handle IP disputes.
    Guangxi and ASEAN countries have established forums and conferences on IP cooperation. They have also collaborated on patent technology transfer within the biomedicine and new energy vehicle industries. Moreover, universities in Guangxi conducted academic IP programs with those in Macao Special Administrative Region and Vietnam.
    China’s GDP saw a 5.2 percent year-on-year increase last year, with the western regions outperforming the national average at 5.5 percent. In this remote but robust area, more enterprises and innovators have valued IP, leveraging their innovations to bolster industries with competitive edges and stimulate better economic growth.

    MIL OSI China News –

    January 26, 2025

  • MIL-OSI Australia: Gaming the news: How interactive journalism is changing how we tell stories to the next gen

    Source: University of South Australia

    05 November 2024

    The Ramping Rush game.

    Journalists have long used newspapers, radio, television, magazines and, more recently, the internet to entertain and inform the public on the stories that matter most. But what if there’s a richer, more compelling and interactive way to share and address real world issues?

    A University of South Australia academic is exploring how video games are being developed in journalism as a more interactive way to engage younger audiences and tell impactful stories.

    Dr Ben Stubbs, a senior lecturer in journalism and creative writing at UniSA, has created a news game – Ramping Rush: Ambulance Rescue – to explore one of South Australia’s most important health issues: ambulance ramping.  

    The game was led by UniSA’s Australian Research Centre for Interactive and Virtual Environments (IVE) and developed by computer science and media and literature students from around the world as part of a virtual internship.

    Ramping Rush: Ambulance Rescue is a free and online single-player game that aims to demonstrate the impact of ramping – an issue that has given rise to countless media reports in recent years as the state’s hospital system strains under pressure. Ramping occurs when ambulances are made to queue outside overcrowded hospital emergency departments, leaving patients with a prolonged wait upon arrival.

    In the game, the player steps into the shoes of a busy paramedic, racing against time to rescue patients while dealing with long hospital waits and ramping delays.

    The aim is for the player to make snap decisions and save as many lives as possible before getting stuck in traffic or being held up at clogged emergency departments. However, the player soon learns that it’s impossible to save the patients and ‘win’ the game as the ramping situation is too dire.

    By demonstrating the challenges of ramping through a gaming scenario, the team hopes to capture the attention of younger audiences, particularly school students, who are less likely to engage in traditional media.

    Dr Stubbs, an experienced journalist who has written for publications including The New York Times, The Guardian and Sydney Morning Herald, says the video game was created to engage younger audiences with important and current community issues.

    “Interactive news games are another way for people to think about real world issues in a fun and engaging way,” he says.

    “We know that people have been moving away from traditional news for a long time now and how people are consuming news is constantly changing.

    “Video games are just another way to think about the potential of alternative journalism when traditional forms might only reach certain audiences.”

    Last year saw the biggest increase in the number of Australians playing video games, from 67% (17 million) in 2021 to 81%  (21 million) in 2023. Nearly 95% of Australian households have a device for playing video games while 91% of parents play with their children to connect as a family.

    Meanwhile, the journalism landscape has experienced significant change in recent decades, with traditional reporting formats like newspapers in decline. In Australia only 18% of people still read newspapers, with online news now attracting the majority of audiences.

    “Shifting attitudes towards news consumption is driving demand for new outlets such as games,” Dr Stubbs says.

    “News video games are not entirely new to journalism. For example, after the September 11 terrorist attacks, a game was created to help people understand the complexities of modern warfare.

    “Similarly, ABC created The Amazon Race’ in 2019 to showcase the realities of working in a pressure-cooker environment such as Amazon’s Melbourne warehouse.”

    UniSA has recently added a module all about news games to the Innovations in Visual Journalism course which will be part of the online Bachelor of Journalism program in 2025.

    “I think there’s great potential with news games,” Dr Stubbs says. “In our research we found games on everything from the Syrian civil war, remembrance around the Madrid train bombings, identifying fake news, games on the realities of living with a low income, managing a sweatshop factory, pirate fishing, distracted driving and managing COVID misinformation.

    “Creating new and timely additions to the video news portfolio is an important step in remaining connected to the next generation.”

    Ambulance Rush: Ramping Rescue is available to play on itch.io.

    …………………………………………………………………………………………………………………………

    Contact for interview: Dr Ben Stubbs, Senior Lecturer, UniSA E: Ben.Stubbs@unisa.edu.au
    Media contact: Melissa Keogh, UniSA Media M: +61 403 659 154 E: Melissa.Keogh@unisa.edu.au

    MIL OSI News –

    January 26, 2025

  • MIL-OSI China: High-speed railway injects vitality into Yangtze River Delta region

    Source: People’s Republic of China – State Council News

    Bringing a significant boost to the high-quality integration of the Yangtze River Delta region, the Hangzhou-Huangshan high-speed railway has injected new vitality into the region’s socioeconomic development, according to officials and industry experts.

    Since its launch on Dec 25, 2018, the high-speed railway, part of the Hangzhou-Nanchang High-speed Railway, has bridged the distance between western Zhejiang province and southern Anhui province, ending the long-standing lack of railway access in western Zhejiang.

    Chun’an county, located in northwestern Zhejiang, has been among the primary beneficiaries of this transportation breakthrough.

    For Huang Yaqin, deputy director of the bureau of culture, sports and tourism in Chun’an, the railway has not only improved accessibility, but has also transformed local lifestyles and travel habits.

    “Now, in just under 90 minutes, travelers can journey between the ‘paradise on Earth’ of Hangzhou and the ‘fairyland’ of Huangshan, connecting landmarks such as West Lake, Qiandao Lake and Mount Huangshan along a golden tourist route,” Huang said.

    The improved transportation links have made Qiandao Lake a magnet for tourists from nearby areas such as Shanghai and Jiangsu province, significantly increasing visitor numbers.

    Huang noted that the high-speed railway has also strengthened the lake’s tourism brand, allowing it to tap into niche and diverse markets.

    Qiandao Lake now hosts over 20 major cycling events each year.

    With the establishment of a high-speed bicycle transportation service from key Yangtze River Delta cities to the area this June, cyclists can conveniently send their bicycles ahead of time from hubs such as Shanghai Hongqiao station, Xuzhou East station and Hangzhou East station, where staff members handle secure packing and delivery.

    “This direct bicycle transportation service has made it easier for cyclists from the Yangtze River Delta to participate in events and has helped us position Qiandao Lake as a ‘city of sports,’” Huang said.

    The railway drastically shortens the travel time between Hangzhou and Huangshan, creating a crucial corridor that enhances the regional rapid transit network.

    On Dec 27 last year, the Huangshan to Nanchang segment of the Hangzhou-Nanchang high-speed rail line began operation, bringing Yixian county in Anhui’s Huangshan city into the “high-speed era “with direct connections to cities including Hangzhou, Hefei and Nanchang within two hours.

    The railway network’s expansion has had a profound impact on scenic spots like Xidi town, according to Zhang Sheli, general manager of Yixian county Huihuang Xidi Tourism Development Co.

    “The opening of the Hangzhou-Nanchang high-speed line has not only increased visitor numbers, but has also fostered cooperation with nearby attractions such as Qiandao Lake and Mount Jiuhua. This connectivity has attracted more investments and business opportunities.”

    Xidi has seen an 11 percent increase in the number of visitors year-on-year, positively impacting local hospitality and retail businesses.

    As of Oct 28, the Hangzhou-Huangshan railway has transported over 15 million passengers, with an average of about 50,000 per day.

    Song Fengming, a native of Huangshan and an assistant technician at the Nanjing Power Supply Division’s Huangshan North high-speed rail unit, has witnessed the positive changes high-speed rail has brought to the region.

    “In the past, it took seven to eight hours to travel from the Yangtze River Delta’s major cities to Huangshan. Now, it only takes one to two hours, significantly enhancing communication and interaction with the ‘Greater Huangshan’ area,” he said.

    “The new rail lines have not only raised awareness and boosted the reputation of the region, but have also catalyzed economic growth in the cities along the route.”

    MIL OSI China News –

    January 26, 2025

  • MIL-OSI New Zealand: State Highway 60, Commercial Street, Tākaka – sealed and delivered before Christmas

    Source: New Zealand Transport Agency

    Contractors will be hard at work on a key State Highway 60 summer maintenance project this month. 

    They will carry out extensive resurfacing work on the Commercial Street in Tākaka, with 10 nights of closures planned from 17 to 28 November.  
     
    To keep drivers and contractors safe, the highway will be closed to all traffic between Meihana Street and Motupipi Street from 5:30 pm to 6:30 am. No work will be done on Friday, 22, or Saturday, 23 November.

    A local road detour will be available for all vehicles.  

    Rob Service, System Manager Nelson-Tasman, says the resurfacing is essential.

    “We know the public gets frustrated by road works, but this is actually an important investment to ensure the highway is kept safe and reliable for everyone. A well-maintained highway is a win-win for everyone.” 
      
    “We are doing our best to minimise the impact as much as possible. Our contractors will work overnight when there is less traffic, and the road will be open during the day when most people use it,” Mr Service says. 

    Once asphalting is complete, road markings will be reinstated under night works with stop/go controls and a 30 km/h speed limit. 

    During the night closures, a detour will be in place via Meihana Street and Motupipi Street.  This detour is expected to add up to five minutes to travel times. 

    Mr Service says because it is the main route between Golden Bay and Nelson, drivers must be ready for it.

    “Please, don’t let the night works catch you out. Factor them into your travel plans and make sure you get to where you’re going on time.”

    This work follows on from asphalting work that will be completed during the current night closures on SH60 Tākaka Hill that began on Sunday 3 November.

    Works schedule:

    • Sunday, 17 November to Thursday, 28 November (excluding Friday 22 and Saturday 23 November), 5:30 pm – 6:30 am.
    • The worksite is located on SH60, Commercial Street in the Tākaka township, between Meihana Street and Motupipi Street.
    • During the work, the worksite will be closed to all traffic. Road users must detour via Meihana Street and Motupipi Street.
    • During the closure access to Buxton Lane will be via Motupipi Street. There will be no access between SH60 and Buxton Lane.
    • There will be times when direct access to Junction Street or Riley Street from SH60 will be impacted. To ensure continuous access to these streets during work hours, access from SH60 to one of these streets will remain open. Follow onsite signage.
    • Outside of the closure time, State Highway 60 will reopen between 6:30am and 5:30pm but a reduced temporary speed limit of 30km/h will be in place.
    • These works are weather-dependent and may be delayed.

    Summer Maintenance Season – tips and advice:

    • Drivers need to be aware other summer maintenance and resilience works are happening around the region.
    • Due to the number of worksites on each corridor we recommend allowing an extra 30 – 45 minutes travel time on State Highway 6 between Nelson and West Coast and State Highway 6 between Nelson and Blenheim.
    • We recommend allowing an extra 60-minutes travel time on State Highway 1 between Picton and Christchurch.
    • Drivers should check road conditions before they travel as knowing when and where road works are happening means you can time your travel to avoid them or allow extra time for your trip.
    • Whenever you come to a worksite, remember that our road workers are doing their best to complete their work and keep you moving. Please be respectful and follow their advice and instructions.

    National Land Transport Programme 2024/27. Top of the South regional investment summary [PDF, 230 KB] 

    State highway maintenance frequently asked questions

    Tips for driving through worksites (video)(external link)

    MIL OSI New Zealand News –

    January 26, 2025

  • MIL-OSI New Zealand: Kaikōura to Selwyn District highway repairs and reconstructions underway for summer

    Source: New Zealand Transport Agency

    With summer officially underway, highway reseals and re-surfacing are also progressing in greater Christchurch, Selwyn District and North Canterbury, says NZ Transport Agency Waka Kotahi (NZTA).

    Highway repairs and reseals generally start around September in Canterbury and run through to late March/early April, making the most of the warmer road and air temperatures which contribute to a successful, lasting sealing process and smoother roads for drivers.

    The big shape

    Nine lane kms (ie single lanes not a double lane width highway) will be fully replaced and fresh asphalt laid at nine sites in the greater north and central Canterbury area.

    An additional 90 lane kms of highway will have a thin layer of asphalt applied/ re-sealed over multiple sites.

    Overall the work will start at the North Canterbury NZTA’s maintenance team’s Kaikōura northern border and work south back to Selwyn District and Arthur’s Pass.

    How will this affect me?

    Of the eight major North and Central Canterbury projects, four will happen overnight, with midnight openings where required and the work well advertised in advance.

    • In January/February 2025, work will get underway on SH7 the Lewis Pass route at Weka Pass, Handyside Stream (two sites on SH7, west of the Hanmer Springs turn-off) and SH73 west of Porters Pass.

    Road users should keep an eye out for electronic signs warning of delays and timings in the days ahead of these operations.

    Four sites have to occur during the day using Stop/Go manual traffic management and involving up to 20 minutes delays.

    • These are north of Clarence, SH1, (30 km north of Kaikōura) (February/ March 2025), the Benmore Straight (almost finished as of early November) and Castle Hill, both on SH73, in Selwyn District (currently underway through to December).
    • The fourth site is on the Akaroa highway, SH75 Birdlings Flat – underway in the New Year – January/February.

    Reseals/less invasive road work

    Most of these sites will only involve five-minute delays for drivers and other road users. Places with tighter bends and less room for machinery to manoeuvre, around the Kaikōura Coast, may involve 20-minute delays.

    What else?

    NZTA’s engineers and road crews will also be working on essential structures like bridges, culverts and retaining walls over the summer. If you see road cones and signs asking you to slow down, even if you can’t see people, please slow down as people may be out of sight but nearby, says NZTA.

    Signs asking people to slow down also protect your vehicle and windscreen from flying chipseal as the seal is being bedded in place. Vehicles travelling fast in these circumstances can undo all the good work, so take it easy.

    During this summer construction season in greater Canterbury road users should generally expect:

    • Five-20 minutes delay per site.
    • For long distance journeys during daytime, maybe up to 60 minutes in delays.
    • At some sites longer closure times may be needed – up to close to an hour daytimes.
    • Longer duration closures will generally occur overnight eg for several hours or a full nightshift. Openings for traffic will be provided if practicable and with consideration for ferry sailings (SH1 corridor via Kaikōura and Blenheim).

    “Allow plenty of time for travel over the summer months, check the NZTA Journey Planner website before any long-distance journeys, and be patient around any roadworks and delays encountered,” says NZTA’s System Manager for Canterbury and the West Coast Mark Pinner.

    This work forms part of the government’s $2.07 billion investment into road and drainage renewal and maintenance across 2024-27 via the State Highway Pothole Prevention fund.  

    Quick tips for happy summer travel

    Remember, there will be delays on key routes. 

    Drivers should check road conditions before they travel:

    Always take care when driving through road work sites and follow the temporary speed restrictions to ensure everyone stays safe. Our crews work year-round, they deserve to be safe.

    Keeping your speed down where sealing work is underway or has just been completed not only helps chip to settle in the new road surface, it will also prevent stone chips flying into windscreens and protect road workers from injuries.

    Leave about two car lengths between you and the car in front, four if the weather is bad.

    Even if you can’t see workers on the road or it looks like works are finished when you come across a temporary speed limit sign, safety hazards may still be present. There could be loose chip from a recent re-seal, workers underneath a culvert or bridge or on the side of the road.

    MIL OSI New Zealand News –

    January 26, 2025

  • MIL-OSI New Zealand: NZTA confirms preferred option for second Mt Vic Tunnel and SH1 upgrades

    Source: New Zealand Government

    The NZ Transport Agency (NZTA) Board has confirmed next steps on the SH1 Wellington Improvements Road of National Significance (RoNS), including an expanded package to reduce Wellington’s gridlock and support economic growth, Transport Minister Simeon Brown says. 

    “Our Government is committed to delivering a second Mt Victoria Tunnel for Wellington to reduce congestion and unlock national and regional economic growth. I’m pleased to see the NZTA Board confirm the next steps for this RoNS to deliver on this commitment, including the addition of a duplicate Terrace Tunnel that will further boost productivity and enable people and freight to get to where they want to go, quickly and safely.  

    “SH1 through Wellington is heavily congested at peak times, with forecast population growth across the region expected to increase travel demand across the network. Without improvements to this critical route, within ten years the region could be looking at travel time increases of up to 50 per cent between Ngauranga and the Airport. 

    “We campaigned on delivering a second Mt Victoria Tunnel and upgrades to the Basin Reserve as a RoNS. The option endorsed by the NZTA Board includes a second Mt Victoria Tunnel that will run parallel to the existing tunnel, a duplicate Terrace Tunnel, and upgrades to the Basin Reserve that will reduce travel times and improve reliability for commuters on the North-South bus corridor.

    “These improvements will result in significant travel time savings during peak times, reducing travel times from the northern suburbs to the CBD, hospital, and airport by approximately 10 minutes.  

    “Commuters in the capital will see a significant benefit in time savings from these upgrades. Those travelling on the number one bus between Island Bay and the Railway Station are forecast to save 9 minutes during morning peak times, while those on the number two bus between Miramar and the CBD will notice a saving of 11 minutes on their journeys,” Mr Brown says.

    The project will be consented as a single corridor, with the project delivered in stages. 

    “After consideration of all options by the NZTA Board, I’m confident that the chosen option will significantly reduce congestion and provide more efficient and reliable access as we continue to rebuild the economy.  

    “The RoNS projects previously built by National are some of New Zealand’s most successful State Highway corridors, reducing congestion and improving safety. Moving at pace to build a new generation of RoNS signals our Government’s focus on prioritising investments that deliver real value to commuters and businesses.” 

    The SH1 Wellington Improvements RoNS will now move through an investment case which will be completed to be brought back to the NZTA Board in mid-2025.                                                                                                       

    MIL OSI New Zealand News –

    January 26, 2025

  • MIL-OSI New Zealand: Oranga Tamariki Oversight Bill passes first reading

    Source: New Zealand Government

    Legislation to strengthen oversight of the Oranga Tamariki system has passed its first reading in Parliament today, Social Development and Employment Minister Louise Upston says.

    “These changes will build on New Zealand’s current child protection system by clarifying the roles and responsibilities of the agencies that oversee it, including greater advocacy and independence.”

    The Oversight of Oranga Tamariki System Legislation Amendment Bill will make the Independent Children’s Monitor an Independent Crown Entity and replace the Children and Young People’s Commission’s five-member board structure with a sole Children’s Commissioner.

    The Monitor will be led by a board of three members with current Chief Executive, Arran Jones remaining in his role from 1 July 2025 to 30 June 2026 to oversee and support the organisation’s transition.

    Current Chief Commissioner of the Children and Young People’s Commission Board, Dr Claire Achmad, also will be re-appointed for a period of one year from 1 July 2025, to serve as the sole Children’s Commissioner.

    “Dr Achmad is a well‑respected voice for children and young people. Having her as the Children’s Commissioner will ensure their interests and concerns will continue to be heard,” Louise Upston says.

    “We want it to be crystal clear to young people and their families that the Children’s Monitor is independent and separate from government.

    “These changes address some of the findings in the final report of the Abuse in Care Royal Commission of Inquiry. As the Human Rights Commission noted in that report, a Children’s Monitor that is not completely independent of government will struggle to gain the public trust necessary to address past failures.”

    Notes on Oversight of Oranga Tamariki System Legislation Amendment Bill

    • Under the Oranga Tamariki Act 1989, the Oranga Tamariki system includes several government agencies that are responsible for providing services or support to children, young people, and their families and whānau.  
    • This includes Oranga Tamariki – Ministry for Children, Police, the Ministries of Health, Social Development, Education, and Justice, and the Department of Corrections.
    • The Children and Young People’s Commission Act 2022 established the Children and Young People’s Commission, equipping it with the functions, duties, and powers to protect and advocate for the interests and wellbeing of all children and young people over 18 and under 25 years old who are in care or have been in care or custody.
    • The Oversight of Oranga Tamariki System Act 2022 established the Independent Children’s Monitor as the independent monitoring agency of the Oranga Tamariki system and appointed the Ombudsman to investigate issues and handle complaints that relate to services of support delivered by Oranga Tamariki or other care and/or custody providers.
    • The Bill does not propose any changes to the roles and responsibilities of the Independent Children’s Monitor, the Children’s Commissioner, or the Ombudsman (in relation to complaints that relate to children and young people). 
    • The cost of implementing these changes will be met by reallocating existing funding.

    MIL OSI New Zealand News –

    January 26, 2025

  • MIL-OSI Asia-Pac: Satellite payload items selected by Security Bureau and disciplined services on display at Hong Kong Space Museum from tomorrow (with photo)

    Source: Hong Kong Government special administrative region

         The Security Bureau (SB), together with the disciplined services and auxiliary forces under it, will hold a six-day exhibition at the Hong Kong Space Museum foyer starting tomorrow (November 6). The exhibition will showcase the cultural and creative items which were carefully selected to be carried by the country’s Shijian-19 satellite during its recent space mission, with a view to enhancing the sense of national pride among members of the public and deepening their understanding of the disciplined and auxiliary services.
          
         The Secretary for Security, Mr Tang Ping-keung, earlier officiated at the unboxing ceremony held at the Central Government Offices, during which he presented the items and space payload certificates to the heads of the respective services. Mr Tang said it was an honour to be invited to participate in the national space programme involving the country’s first reusable and returnable test satellite, which successfully accomplished its return mission. This marks a significant breakthrough in key technologies in aerospace, demonstrating the nation’s remarkable progress in the area of space exploration. The payloads also symbolised the spirit of the disciplined services in embracing the pursuit of dreams and innovation while dedicating themselves to safeguarding Hong Kong.
          
         The cultural and creative items and promotional materials selected by the SB include a national security-themed comic, which is a testimony to the importance the SB has attached to safeguarding national security. As one of the main characters of the comic, Security Bear was also given special equipment to join the journey to space, further promoting national security education and helping children understand the importance of national security from a young age in a fun way. Given the promotion of the Sha Tau Kok Frontier Closed Area tourism is also a key initiative of the SB, and a series of promotional items featuring the cultural characteristics of Sha Tau Kok were chosen for the space journey.

         Other meaningful items were selected by the disciplined and auxiliary services, including the mascots of different services, such as Little Grape from the Hong Kong Police Force (HKPF) and Mini Bean from the Junior Police Call; a teddy bear from Customs Yes of the Customs and Excise Department (C&ED); Captain Gor from the Rehabilitation Pioneer Leaders of the Correctional Services Department (CSD); AMSER from the Auxiliary Medical Service (AMS), as well as other items such as samples of a passport and identity card of the Hong Kong Special Administrative Region, a publication of the Fire Services Department (FSD) , an album, a flag and framed items.

         The Shijian-19 satellite was launched on September 27 and returned safely on October 11. The payload items of the disciplined and auxiliary services came from the HKPF, the C&ED, the Immigration Department, the CSD, the FSD, the Government Flying Service, the AMS, the Civil Aid Service and the Hong Kong Auxiliary Police Force.   

    MIL OSI Asia Pacific News –

    January 26, 2025

  • MIL-OSI China: Global firms capitalize on China’s smart, green transformation

    Source: China State Council Information Office

    Jinbao, the mascot of the China International Import Expo (CIIE), and Xiaoxin, a humanoid robot providing inquiry service, are pictured at the media center of the 7th CIIE in Shanghai, east China, Nov. 4, 2024. [Photo/Xinhua]

    Global investors are eyeing fresh opportunities in China as the world’s second-largest economy accelerates its intelligent, green transformation.

    With the seventh China International Import Expo (CIIE) set to open on Tuesday, multiple industry leaders from across the world are gearing up to showcase their latest innovations and technologies, aiming to tap into China’s vast market potential.

    Tapping smarter manufacturing

    Aptiv, a multinational developing automobile parts, made its debut at the seventh CIIE, exhibiting software and hardware products featuring intelligence and electrification.

    “The CIIE provides an excellent platform for enterprises from all over the world to exchange ideas and cooperate,” said Simon Yang, president of Aptiv for China and the Asia Pacific region. He noted that Aptiv hopes to make full use of the CIIE to showcase its innovative solutions.

    The company is committed to its long-term development strategy of “In China for China,” and will continue to increase its investment in the Chinese market while expanding business cooperation with Chinese original equipment manufacturers.

    Aptiv is one of a number of multinationals gathering in Shanghai to test the pulse of China’s smart manufacturing market, which plays an important part in the country’s pursuit of high-quality development.

    Swedish technology company Hexagon has brought its new solutions to help traditional manufacturers become more digital-savvy to this year’s CIIE, including cloud platforms for industrial software and smart quality-testing systems.

    “The company is ready to ride the wave of the country’s pursuit of new quality productive forces, which are high-tech, highly efficient and of a high quality,” said Qin Lei, marketing business partner at Hexagon Manufacturing Intelligence (Qingdao) Co., Ltd.

    Merck Group, Germany’s leading tech company, is showcasing its innovative achievements in the new materials section of the CIIE, which is new to the annual event.

    China’s great market potential, improving business environment and rich talent pool have reinforced Merck’s confidence in its long-term investment in the country, said Marc Horn, executive vice president of Merck and president of Merck China.

    Embracing a greener future

    Entering its seventh year, the CIIE has retained its “New Era, Shared Future” theme, which holds special meaning for Christian Bruch, president and CEO of Siemens Energy AG.

    “I strongly agree with the theme, as it envisions a sustainable and more decarbonized future that requires collaborative efforts from governments, enterprises, customers, partners and the entire supply chains,” Bruch said.

    In his view, China’s dedication to building a modern energy system creates “extensive market opportunities” for global energy technology companies, including Siemens Energy.

    “Together with Chinese customers and partners, we have developed many energy infrastructure projects, continuously invested and expanded our manufacturing capacity in China, in order to meet the growing market demand in China and across the world,” he said.

    Pledging to peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060, China has been steadfast in accelerating its energy transition. Over the past decade, the share of clean energy in the country’s total energy use has increased 10.9 percentage points, according to the National Energy Administration.

    Dedicated to promoting clean energy in China, Siemens Energy has established 15 manufacturing facilities across the country. It has become an important partner in the country’s energy transition, Bruch said.

    At this year’s CIIE, the company is poised to showcase its cutting-edge decarbonization technologies for the energy sector. Many of its exhibits will be presented for the first time in Asia or China.

    “During the expo, I look forward to meeting and exchanging ideas with partners, building consensus and fostering collaborative development,” Bruch said. “Tackling climate change and driving energy transition is a daunting task that no single country or region can accomplish alone.”

    Bruch’s emphasis on collaboration aligns with China’s increasing global contributions. According to a white paper issued by China’s State Council Information Office in August this year, the country’s wind power and photovoltaic exports helped other countries reduce their carbon dioxide emissions by about 810 million tonnes in 2023.

    Recognizing China’s role in the global energy transition, Bruch highlighted Siemens Energy’s confidence in deepening cooperation with its Chinese partners. “We are fully committed to working together to build a new energy ecosystem that supports China’s dual-carbon goals and fosters sustainable energy development worldwide.”

    MIL OSI China News –

    January 26, 2025

  • MIL-OSI China: Foxconn’s planned business headquarters a vote of confidence in mainland market

    Source: China State Council Information Office

    Foxconn, the world’s leading electronics manufacturer, is set to build a new business headquarters in Zhengzhou, central China, in a move the Taiwan company described as “a crucial step” in expanding its presence on the mainland market.

    Analysts say the decision highlights Foxconn’s commitment to investing in the mainland, despite rising global trade protectionism and “decoupling” and “de-risking” rhetoric ratcheted up by certain Western politicians.

    The tech giant recently won a bid for a 2.84-hectare plot at 150 million yuan (about 21.07 million U.S. dollars) in the Zhengdong new district in Zhengzhou, capital of Henan Province, where it plans to build a headquarters focusing on key technology sectors, according to the Zhengzhou Public Resources Trading Center in a recent statement.

    This initiative aligns with Foxconn’s “3+3” strategy targeting electric vehicles, digital health and robotics, along with advancements in artificial intelligence (AI), semiconductors and next-generation communication, the company said.

    Foxconn’s planned headquarters will feature a construction area of approximately 70,000 square meters in its first phase, with an investment of 1 billion yuan. The company has not yet provided a groundbreaking date.

    In a speech at the unveiling ceremony for the new business headquarters in April 2023, Chairman Young Liu emphasized that the headquarters will mark the beginning of a new journey for Foxconn’s strategic industry development on the mainland, and the company’s new businesses are both a response to global market trends and an embrace of the latest wave in technological advancement.

    Henan’s favorable infrastructure and business environment, as well as the collaborative relationship between Foxconn and the local governments, were pivotal factors in the decision to locate the headquarters there, Liu noted.

    Between February and April 2023, Liu visited Henan three times, pledging to “build a new Foxconn” in the province. In July this year, the company signed a strategic cooperation agreement with the Henan provincial government to accelerate projects related to new business ventures.

    Per the deal, Foxconn plans to leverage its expertise in smart manufacturing, along with its global technological capabilities and supply chain resources, to advance projects in the new energy vehicle, energy storage battery, digital healthcare and robotics industries.

    Construction of a trial manufacturing center for new energy vehicles has started at Zhengzhou Airport Economy Zone, with operations expected to commence by the end of the year.

    Foxconn’s increased investment in Henan and its focus on future industries represent a win-win approach, said He Liang, an official with Zhengzhou Airport Economy Zone.

    “We will continue to provide quality service and foster a first-rate business environment that is market-oriented, law-based and internationalized,” He added.

    Henan and Foxconn share a deep bond.

    Foxconn, the principal assembler of Apple iPhones, established operations in the inland province in 2010. By the end of 2023, its Zhengzhou factory spanned around 2.8 million square meters and had recorded 12 consecutive years of growth in industrial output. Over the years, Foxconn has further expanded its footprint across Henan, setting up facilities in cities such as Jiyuan, Hebi and Zhoukou.

    The cooperation has also transformed Henan’s economy, turning the province into a global hub for intelligent terminal manufacturing. From 2016 to 2020 alone, the Zhengzhou factory attracted over 200 related supply chain enterprises to the Zhengzhou Airport Economy Zone, with total investments exceeding 300 billion yuan, according to the zone administration.

    Analysts view Foxconn’s moves as part of a broader bet on emerging industries, such as new energy vehicles, solid-state batteries, robotics, AI and semiconductors — sectors that are likely to shape the future of global manufacturing.

    Song Xiangqing, deputy head of the Commerce Economy Association of China, noted that the company’s increased investment in Henan underscores the opportunities created by the digital economy and technological progress on the mainland, as well as the resilience of its industrial chain and its shift toward high-quality manufacturing.

    The world’s second-largest economy has been steadfastly expanding its institutional opening-up in recent decades, rolling out various policies aimed at achieving high-quality development and offering the rest of the world new growth momentum and opportunities.

    At its third plenum, the 20th Central Committee of the Communist Party of China renewed the country’s commitment to the basic state policy of opening to the outside world and continuing to promote reform through opening-up.

    The commitment to an open economy, paired with its massive domestic market, presents significant opportunities for companies that are aiming to scale up operations in China despite global headwinds.

    In May, U.S. carmaker Tesla began construction on a mega factory in Shanghai to manufacture its energy-storage batteries. In his recent visit to China, Apple CEO Tim Cook also reaffirmed the company’s investment commitment in the country.

    MIL OSI China News –

    January 26, 2025

  • MIL-OSI USA: NASA Science, Cargo Launch on 31st SpaceX Resupply Mission to Station

    Source: NASA

    Following a successful launch of NASA’s SpaceX 31st commercial resupply mission, new scientific experiments and cargo for the agency are bound for the International Space Station.
    The SpaceX Dragon spacecraft, carrying more than 6,000 pounds of supplies to the orbiting laboratory, lifted off at 9:29 p.m. EST Monday, on the company’s Falcon 9 rocket from Launch Complex 39A at NASA’s Kennedy Space Center in Florida.
    Live coverage of the spacecraft’s arrival will begin at 8:45 a.m. Tuesday, Nov. 5, on NASA+ and the agency’s website. Learn how to watch NASA content through a variety of platforms, including social media.
    The spacecraft is scheduled to autonomously dock at approximately 10:15 a.m. to the forward port of the space station’s Harmony module.
    The resupply mission will support dozens of research experiments conducted during Expedition 72. In addition to food, supplies, and equipment for the crew, Dragon will deliver several new experiments, including the Coronal Diagnostic Experiment, to examine solar wind and how it forms. Dragon also delivers Antarctic moss to observe the combined effects of cosmic radiation and microgravity on plants. Other investigations aboard include a device to test cold welding of metals in microgravity and an investigation that studies how space impacts different materials.
    These are just a sample of the hundreds of investigations conducted aboard the orbiting laboratory in the areas of biology and biotechnology, physical sciences, and Earth and space science. Such research benefits humanity and lays the groundwork for future human exploration through the agency’s Artemis campaign, which will send astronauts to the Moon to prepare for future expeditions to Mars.
    The Dragon spacecraft is scheduled to remain at the space station until December when it will depart the orbiting laboratory and return to Earth with research and cargo, splashing down off the coast of Florida.
    Learn more about space station activities by following @space_station and @ISS_Research on X, as well as the ISS Facebook, ISS Instagram, and the space station blog.
    Learn more about the commercial resupply mission at:

    NASA’s SpaceX CRS-31

    -end-
    Claire O’Shea / Josh FinchHeadquarters, Washington202-358-1100joshua.a.finch@nasa.gov / claire.a.o’shea@nasa.gov
    Stephanie Plucinsky / Steven SiceloffKennedy Space Center, Fla.321-876-2468stephanie.n.plucinsky@nasa.gov / steven.p.siceloff@nasa.gov
    Sandra JonesJohnson Space Center, Houston281-483-5111sandra.p.jones@nasa.gov

    MIL OSI USA News –

    January 26, 2025

  • MIL-Evening Report: What to expect on Election Day: history could be made, or we’re in for a long wait (and plenty of conspiracies)

    Source: The Conversation (Au and NZ) – By Emma Shortis, Adjunct Senior Fellow, School of Global, Urban and Social Studies, RMIT University

    As Americans vote in one of the most important presidential elections in generations, the country teeters on a knife edge. In the battleground states that will likely decide the result, the polling margins between Democrat Kamala Harris and Republican Donald Trump are razor thin.

    These tiny margins, and the general confusion around American politics today, make it impossible to predict the outcome.

    The polls might well be wrong: the electorate may have shifted dramatically since 2020 in ways that will only reveal themselves after the election. The reality is we do not know much of anything for sure, and we may never be able to untangle all of the threads that make up the knot of American politics.

    After two assassination attempts on Trump and incumbent President Joe Biden’s dramatic decision to leave the race in August, it is entirely possible this election will throw up more big surprises. But as things stand, there are three broad possibilities for what will happen on Election Day.

    All of them throw up their own challenges – for the United States, and for the world.

    Possibility 1: the return of Trump

    Trump may make history and win back the White House. Only Grover Cleveland has managed to get elected a second time as president (in 1892) after suffering a defeat four years earlier.

    If Trump does win, it could be via a similar path to the one he took in 2016 – by once again sundering the “blue wall” and winning the battleground states of Pennsylvania, Wisconsin and Michigan.

    This feat will likely mean his campaign tactic of mobilising men has worked.

    A Trump victory would represent the culmination of a generational project of the American right. A second Trump administration would be very different from the first – the movement behind Trump is more organised, focused and cognisant of the mistakes of the first Trump White House. It would also face considerably weakened democratic guardrails.

    The implementation of Trump’s radical agenda, alongside some or all of the broader far-right agenda detailed in the Heritage Foundation’s Project 2025, would radically reshape American life and create political and economic chaos.

    The rest of the world would have to reorient itself, once again, around Trump.

    Possibility 2: Harris makes history

    It is entirely possible Harris makes history – not only by beating Trump, but by becoming the first woman and woman of colour to win the US presidency.

    Like Trump, if Harris does win, it will likely be through one or more of the battleground states – in particular, Pennsylvania and Georgia.

    For Harris, victory will likely come via high turnout by women and voters of colour, particularly African-Americans, or through a combination of turnout by this core Democratic base and swing voters in key states like Pennsylvania.

    How Harris wins – and by how much – will be crucial, both to the immediate aftermath of the election and to the shape of a future Harris administration.

    A big question: can she win by enough to head off resistance by Trump and the movement behind him? As Australian writer Don Watson has noted, a Harris victory would likely be taken as an existential defeat by the MAGA movement.

    How Trump’s supporters react to such a defeat – and how US institutions react to their reaction – will be a critical test for American democracy.

    Possibility 3: too close to call

    This brings us to the third possibility: the polls are correct, and it’s such a tight race that the margins in the battleground states are in the thousands of votes, or even less.

    If it is that close, counting could take days. And there could be recounts after that.

    While conspiracies abound, a delay in the result like this would be an entirely predictable and normal outcome. In the United States, there isn’t one system for counting the votes; elections are run by the states on a county-by-county basis, and each state does it differently.

    Pennsylvania and Wisconsin, for example, legally can’t start counting mail-in votes until the polls open on Election Day.

    Then there is the supposed “blue shift” or “red mirage” that sometimes occurs on election night.

    There are now many ways to vote in the US – in person on Election Day, early voting before Election Day or by mail-in ballot. And the time it takes to count these different ballots can vary. So, it may appear as if one candidate is winning early in the night (say, when in-person votes are counted) only for their opponent to slowly turn the tide (when mail-in ballots are counted).

    In the 2020 election, this meant early Trump (“red”) leads were gradually lost to the Biden (“blue”) votes. Researchers found that counties won by Biden counted more slowly, on average, than those won by Trump – hence the so-called “blue shift”.

    This is an entirely normal – and legal – phenomenon. In Nevada, for instance, state law permits mail-in ballots to be counted four days after Election Day, so long as they were postmarked by Election Day.

    Trump and his surrogates like Steve Bannon, however, have exploited the differing times it takes to count votes to peddle baseless conspiracy theories, undermining Americans’ faith in their own democracy, and to incite unrest.

    By baselessly declaring victory in 2020 on the early “red mirage” tallies in key states before all the votes were counted, Trump was able to create what Bannon described as a “firestorm” – one that eventually led to the insurrection of January 6 2021.

    This could very well happen again. Bannon, in fact, has just been released from prison after serving four months for contempt of Congress, and could once again be a driving force in any post-election challenges by the Trump campaign.

    Trump, meanwhile, lied again this week when he said “these elections have to be, they have to be decided by 9 o’clock, 10 o’clock, 11 o’clock on Tuesday night” – laying the groundwork for further election conspiracies.

    Delays are normal – but fraught

    Trump has made it very clear he will not accept another election loss. If he does lose, he or his surrogates will attempt to weaponise similar conspiracy theories again. They may also use legal challenges to vote counts as they did in 2020 – both to contest the result and to once again mobilise the MAGA movement.

    In the event of close margins, it’s also possible some states will go to a recount.

    There are different rules for this in different states. To take one example, if the margin is within 0.5% in Georgia, a candidate can request a recount.

    In the 2020 presidential election, Biden narrowly defeated Trump in Georgia by 0.25%, which triggered a full hand recount of the votes. The Associated Press declared Biden the winner of the state more than two weeks after Election Day. A second recount was later reconfirmed by Georgia Secretary of State Brad Raffensperger.

    Again, this is a normal part of the process. It ensures all votes are counted accurately and the result reflects the democratic will of the American people as best as the (admittedly, deeply flawed) system allows.

    Such a delay, legitimate as it would be, would elevate the already very real risk of further political violence and instability in the United States.

    None of these outcomes is inevitable. 2024 is not 2020; nor is it 2016. What happens next in America depends on the movement and interplay of so many tangled threads, it is impossible to see where old ones end and new ones might begin.

    In all of this, only one thing is certain. Whatever the result – and however long it takes to come through – the divisions and conspiracy theories that have destabilised American politics for so long will not be easily or quickly resolved. That knot may well prove impossible to untangle.

    Emma Shortis is Director of the International and Security Affairs program at The Australia Institute, an independent think tank.

    – ref. What to expect on Election Day: history could be made, or we’re in for a long wait (and plenty of conspiracies) – https://theconversation.com/what-to-expect-on-election-day-history-could-be-made-or-were-in-for-a-long-wait-and-plenty-of-conspiracies-242598

    MIL OSI Analysis – EveningReport.nz –

    January 26, 2025

  • MIL-OSI Asia-Pac: SITI commences visit to Canada (with photos)

    Source: Hong Kong Government special administrative region

         The Secretary for Innovation, Technology and Industry, Professor Sun Dong, began his visit to Toronto, Canada, on November 4 (Toronto time).

         In the morning, Professor Sun visited MaRS Discovery District, an innovation hub, and met with its Chief Executive Officer, Mrs Alison Nankivell, to receive a briefing on the hub’s successful experience in nurturing an innovation and technology (I&T) ecosystem. Located close to major universities and hospitals in downtown Toronto, MaRS focuses on nourishing deep technology industries including clean technology and life science. As the largest urban innovation centre in North America, MaRS Discovery District supports 1 200 enterprises and renders direct assistance to enterprises in the hub with a view to building communities of innovators and promoting the adoption of new solutions.

         Professor Sun then visited the University of Toronto, and toured the Centre for Analytics & Artificial Intelligence Engineering of the Faculty of Applied Science and Engineering of the University. Professor Sun met with the Dean of the Faculty, Professor Christopher Yip, and the Acting Associate Vice-President International Partnerships, Professor David Wolfe, and was briefed on the latest developments and research and development (R&D) achievements of the Centre. The Centre brings together universities and industries to translate the latest advances of artificial intelligence and data analytics into technologies in areas ranging from advanced manufacturing to human health. Its team also delivers ongoing guidance for advanced analytics projects in industry settings. Professor Sun encouraged the University to co-operate with universities in Hong Kong to participate in the InnoHK research clusters to strengthen global R&D collaboration.

         In the afternoon, Professor Sun visited a start-up that provides storage and delivery services in North America. The start-up adopts a smart platform that automatically processes orders and updates inventory levels in real time. It also utilises robotic shuttles to manage inventories automatically, thereby reducing the overall cost for logistics and delivery services.

         Professor Sun attended a networking dinner organised by the Hong Kong-Canada Business Association (Toronto Chapter) in the evening, and had an exchange with Hong Kong young people studying and working in Toronto to learn more about their study and work lives in Canada. Professor Sun shared with them Hong Kong’s efforts to develop as an international I&T centre and build an international hub for high-calibre talent. He noted that it is of paramount importance to enlarge the talent pool for the I&T development in Hong Kong, adding that the city is an ideal destination for young people to develop their careers and that Hong Kong youngsters are encouraged to seize the myriad opportunities there.

         Professor Sun will proceed to Ottawa and continue his visit on November 5 (Ottawa time).                  

    MIL OSI Asia Pacific News –

    January 26, 2025

  • MIL-OSI USA: 11.04.2024 ICYMI: Cruz, Cloud, Gerdes Denounce Biden-Harris Administration After Twice-Deported Illegal Alien Killed a Texan in Bastrop County

    US Senate News:

    Source: United States Senator for Texas Ted Cruz
    WASHINGTON, D.C. – U.S. Sen. Ted Cruz (R-Texas), member of the Senate Judiciary Committee and Ranking Member of the Subcommittee on the Constitution, Rep. Michael Cloud (R-Texas-27), and Texas State Rep. Stan Gerdes (R-HD-17) condemned the Biden-Harris administration after a Texan from Bastrop County was killed by an illegal alien drunk driver. The suspect had previously been deported twice, once by the Obama administration and again by the Trump administration, but was able to illegally re-enter the country under the Biden-Harris administration, which is now responsible for yet another preventable tragedy.
    Following the preventable tragedy, Sen. Cruz said, “Yet another Texan is dead directly because of the Biden-Harris border crisis. Texans deserve answers about why this illegal alien was allowed back into our country after being deported twice. This crime was both infuriating and avoidable, but the Biden-Harris administration has made a cynical decision to keep the border open for political purposes. The resulting crimes are avoidable, infuriating, and unacceptable.”
    Rep. Cloud said, “Another family’s worst nightmare has come to pass, and it’s directly because of the Biden-Harris Administration’s reckless, open-border policies. Their refusal to enforce our immigration laws has taken another innocent life. How many American citizens have to be killed by illegal immigrants before Joe Biden and Kamala Harris decide to act?”
    Rep. Gerdes said, “What happened to Grayson Davis and his grieving family was completely avoidable. Our entire community is heartbroken. The failure of the Biden-Harris administration on our southern border has cost countless lives. While Senator Cruz and Congressman Cloud carry on the fight at the federal level, I will be filing legislation this coming session, ‘Grayson’s Law,’ that addresses illegal immigrant crime at the state level.”

    MIL OSI USA News –

    January 26, 2025

  • MIL-OSI USA: IAM Union Workers At Boeing Achieve Contract Victory to Set New Standards For Aerospace Industry

    Source: US GOIAM Union

    Industry-leading contract approved by majority worker vote will deliver 43.65% compounded wage increase

    On behalf of Biden-Harris administration, U.S. Secretary of Labor Julie Su played key role in helping the employer and workers reach groundbreaking agreement that will protect access and pathways to the middle class for thousands of frontline workers

    SEATTLE – 33,000 frontline workers at Boeing, members of International Association of Machinists and Aerospace Workers (IAM) Districts 751 and W24 voted to ratify a new union contract with the company that has instantly set a new standard for compensation and wages for aerospace industry workers. 

    The deal followed a vigorous strike lasting nearly two months by the workers in Washington state, Oregon and California that made international headlines and drew widespread public support and bipartisan political support. 

    The new contract includes a 43.65% compounded wage increase – 38% before compounding – over the four-year life of the contract. In recent weeks, acting U.S. Secretary of Labor Julie Su worked on behalf of the Biden-Harris administration to help restart and reach a positive resolution to negotiations that had previously stalled.

    Jon Holden, President of IAM District 751 and Brandon Bryant, President of IAM District W24, issued the following joint statement following the votes being tallied: 

    “Working people know what it’s like when a company overreaches and takes away more than is fair. Through this strike and the resulting victory, frontline workers at Boeing have done their part to begin rebalancing the scales in favor of the middle class – and in doing so, we hope to inspire other workers in our industry and beyond to continue standing up for justice at work. Through this victory and the strike that made it possible, IAM members have taken a stand for respect and fair wages in the workplace. Our members perform high quality and flight critical work for the airplanes we build and deserve a return on their labor investment that provides for the quality of life worthy of that labor.

    “This contract also creates a new foundation to build on for the future and that future begins today. We are ready to help Boeing change direction and return to building the highest quality and safest airplanes in the world. Our members are critical to that mission, and now have a stronger voice in the decision making process to ensure those needed improvements are made. ‘There is no Boeing without the IAM’ has been our battle cry, and we are ready, again, to do our part to bring this company back to the standard that it never should have strayed from.

    “Livable wages and benefits that can support a family are essential – not optional – and this strike underscored that reality. This contract will have a positive and generational impact on the lives of workers at Boeing and their families. We hope these gains inspire other workers to organize and join a union. Frontline Boeing workers have used their voices, their collective power, and their solidarity to do what is right, to stand up for what is fair – and to win.”

    Brian Bryant, IAM International President, issued the following statement: 

    “This agreement represents a new standard in the aerospace industry – one that sends a clear statement that aerospace jobs must be middle class careers in which workers can thrive. Workers in the aerospace industry, led by the IAM — the most powerful aerospace union in the world — will not settle for anything less than the respect and family-sustaining wages and benefits they need and deserve. This agreement reflects the positive results of workers sticking together, participating in workplace democracy, and demonstrating solidarity with each other and with the community during a necessary and effective strike. 

    “Nearly every worker in America knows what it’s like for a company to take too much and give too little. A contract like this sends an inspiring message to all workers in the United States who are seeking to join unions or who have been shortchanged by their employer. We remain very thankful to Acting U.S. Labor Secretary Julie Su, who on behalf of the Biden-Harris administration helped to bring the employer and the members together for productive talks to reach this agreement.”

    Highlights of the latest tentative agreement approved Monday night by the union members include:

    • 38% general wage increase over four years – 13%, 9%, 9%, 7% which compounds to 43.65% over the life of the agreement 
    • $12,000 Ratification Bonus: The ratification bonus combines the previous $7,000 ratification bonus and the $5,000 lump sum into the 401(k). Now, union members can choose how this total amount is received – in their paycheck, contribution to 401(k), or a combination of both.
    • AMPP incentive plan is reinstated, with a guaranteed minimum annual payout of 4%, including 2024 payout in February 2025
    • 401(k) employer match of 100% up to 8%
    • Special company retirement contribution of 4% into 401(k) maintained
    • $105 pension multiplier per year for those vested in the pension plan
    • Call-in language back to current contract
    • New long-term disability plan and big improvement to short term disability plan
    • Health care cost containment
    • Improved overtime rules
    • Key job security provisions
    • Increased Minimum Rates that now increase with COLA increases. 

    Further details of the negotiated resolution can be found at iam751.org/2024StrikeProposal. 

    “For many frontline Boeing workers in the IAM Union, the terms of this contract will be life-changing,” said IAM Western Territory General Vice President Gary R. Allen. “It’s the most significant upgrade we’ve had to our collective bargaining agreement in a decade – and it will prove to be an example for the rest of the industry to live up to. Their strike was a great example of workers standing up for not just themselves, but also their families and communities.”

    “Our members went on strike for better wages and better working conditions – and they won by staying united and exercising democracy in the workplace,” said IAM Resident General Vice President Jody Bennett. “They hit the streets, held strong, and have been rewarded with an excellent contract. These provisions are not just deserved by this dedicated frontline workforce — they are also overdue. This will set a new standard for aerospace across the region, the nation, and the industry.”

    The International Association of Machinists and Aerospace Workers (IAM) is one of North America’s largest and most diverse industrial trade unions, representing approximately 600,000 active and retired members in the aerospace, defense, airlines, railroad, transit, healthcare, automotive, and other industries. 

    goIAM.org | @MachinistsUnion

    Share and Follow:

    MIL OSI USA News –

    January 26, 2025

  • MIL-OSI Economics: Smartphone launches by US carriers drive intense promotional battle in Q3 2024, observes GlobalData

    Source: GlobalData

    Smartphone launches by US carriers drive intense promotional battle in Q3 2024, observes GlobalData

    Posted in Technology

    The launch of flagship mobile devices by Apple, Samsung Electronics, and Google sparked intense promotional competition among the US carriers during the third quarter (Q3) of 2024. Telecom giants targeted both new and existing customers with aggressive preorder trade-in offers, switcher deals, and new line promotions aimed at upgraders, seeking to capitalize on demand for high-end smartphones and drive customer retention, according to GlobalData, a leading data and analytics company.

    Deepa Karthikeyan, Senior Technology Analyst at GlobalData, comments: “July to September typically marks a pivotal period in the US handset promotions in preparation for the holiday season.”

    GlobalData’s latest US Handset Promotions report reveals that preorder promotions on flagship devices including Apple’s iPhone 16 series, Samsung’s Galaxy Z Flip6, Galaxy Z Fold6, Google’s Pixel 9 series and the Motorola Razr series made up 16% of the total offers count during Q3 2024.

    The key telcos competed against each other to win upgrade customers potentially looking for deals on the next best smartphone model. Attractive trade in offers featuring up to $1900 off high value flagship devices such as the Galaxy Z Flip6 and Z Fold6 dominated the landscape in Q3.

    Karthikeyan explains: “The slew of flagship device launches provided the carriers’ with an opportunity to attract users to their high-end plans and services, increasing their premium userbase and tackling churn with device financing clauses that consumers must honor to remain eligible for the discounted device prices.”

    GlobalData reveals that there were 188 carrier sponsored promotions for the iPhone 16 series, 76 for the Galaxy Z Fold6 and Z Flip6 and 93 for the Pixel 9 series devices. T-Mobile offered the highest number of promotions for these devices among all carriers tracked, featuring a mix of trade-in, upgrade/trade-in, and new line promotions offering users up to $1,100 off the cost of the device.

    Karthikeyan concludes: “All carriers launched promotions with comparable value and terms for both new and existing customers, underscoring their dedication to customer retention as well as to acquire new clientele. However, there has been a greater prevalence of promotions for new lines on Pixel devices compared to trade-in or upgrade offers. This trend suggests that carriers are actively promoting the Pixel series to attract new users.”

    MIL OSI Economics –

    January 26, 2025

  • MIL-OSI Economics: US still faces systemic issues in maternal care despite access to advanced medical technology, says GlobalData

    Source: GlobalData

    US still faces systemic issues in maternal care despite access to advanced medical technology, says GlobalData

    Posted in Medical Devices

    Women’s health, specifically maternal care, is a medical device sector that has seen significant growth in recent years. However, there are still several challenges associated with the sector, especially in the US. The US ranks worse than any other developed nation in cases of maternal mortality, despite having access to the most advanced medical technology, says GlobalData, a leading data and analytics company.

    Toronto’s Medtech Conference 2024, held from October 15–17, hosted a panel discussion with industry experts on the topic of maternal health and the challenges facing the industry in the US. These include a lack of access to caregivers across the country, even in major metropolitan areas such as Washington, DC, hospital closures, and low funding. Additionally, experts highlighted that women in America still suffer from low access to maternal health medical technologies that could improve their health outcomes.

    American women face obstacles to care such as low income, difficulty taking time off work, and location, all of which can impact their ability to access quality maternal care. Additionally, the US has a lower level of health awareness than other countries, especially regarding maternal health. All these factors have led to care being more reactive than proactive for mothers. The experts present at these panels agreed that maternal care should be significantly more patient-centered than it currently is.

    David Beauchamp, Medical Analyst at GlobalData, comments: “Maternal care is an incredibly important part of modern healthcare. Unfortunately, the US lags behind other developed countries in terms of the standard of care. A major problem in the US is the lack of patient-centered care and a focus on reactive instead of proactive care. Experts at the Medtech Conference have identified several problems with the existing options for care in the US and have suggested that focusing on the patient during maternal care could solve or improve many of these problems.”

    GlobalData’s databases tracks 399 products within the reproductive and maternal health sector that are currently available on the market. A further 43 are in various stages of development globally. These devices have seen significant success in addressing demand for treatments for conditions such as postpartum hemorrhage and other complications relating to delivery.  However, the market is significantly smaller than other medical device markets, likely due to the factors listed above and the general lack of funding.

    Beauchamp concludes: “Maternal care is an incredibly important part of women’s health, and ensuring that women have access to this kind of care is vital to reduce maternal mortality. If the problems mentioned above are solved, it is possible the US will see a significant decrease in maternal mortality and an improved standard of care for mothers.”

    MIL OSI Economics –

    January 26, 2025

  • MIL-Evening Report: A new campaign rewards young gamers on Roblox for engaging with the US election. What does it mean for global politics?

    Source: The Conversation (Au and NZ) – By Joanne Orlando, Researcher: Digital Literacy and Digital Wellbeing, Western Sydney University

    Alex Photo Stock/Shutterstock

    If historical trends are anything to go by, most young people in the United States will not vote at this week’s presidential election. For example, at the 2016 presidential election, less than half of Americans aged 18 to 29 cast their ballot.

    But a new campaign on the hugely popular online gaming platform Roblox aims to encourage young people in the US to get out and exercise their democratic right on Tuesday.

    The “Virtual Vote” initiative is a partnership between Roblox game developers and a national political non-profit organisation called HeadCount.

    It has already engaged thousands of Roblox users – and it may mark the beginning of an entirely new way young people worldwide learn about and engage with real-life politics.

    The ultimate virtual universe

    Roblox is an online gaming platform where people can create an avatar, play a library of user-created games and socialise. Its developers describe it as the “the ultimate virtual universe”.

    It has roughly 79.5 million reported daily users globally and is valued at US$38 billion.

    The online gaming platform is especially popular among young people. However, it also poses a number of safety risks, including grooming and cyberbullying.

    Because of this, some governments have cracked down on Roblox. For example, earlier this year, it was banned in Turkey.

    Now the 2024 US presidential election has also entered the Roblox virtual gaming universe.

    From games to politics

    Virtual Vote is billed as the “first immersive civic engagement campaign”.

    Justin Hochberg, CEO of Virtual Brand Group (which develops games for Roblox) and the founder of Virtual Vote stated that his goal was simple:

    With 57% of gamers discovering global fashion, sports and entertainment brands while playing, this initiative meets Gen Z where they are to make a difference for the world’s biggest brand — #America.

    Virtual Vote was launched just four weeks ago in partnership with Headcount, a long-standing, not-for-profit youth voter engagement platform in the US. Other organisations – many of which are prominent in the online brand and content space – have also come on board.

    Players engage with Virtual Vote via popular games on Roblox, such as Livetopia, which has 4.7 billion user visits, and Karlie Kloss’s Fashion Klossette, which has 33.1 million total visits.

    Upon entering Virtual Vote, players meet Sam the Eagle, a guide who encourages them to check their voter registration status. Through Sam, players explore interactive maps showing state-specific voting rules and timelines.

    Virtual Vote is also a form of gaming and entertainment with big rewards and prizes for players who engage with it. Up for grabs is a trip to Hollywood to meet television presenter Jimmy Kimmel, VIP tickets to see musician Sabrina Carpenter, a snowboarding trip with champion American snowboarder Jamie Anderson, as well as limited-edition merchandise and content to play within Roblox.

    In the four weeks since its launch, Virtual Vote has had a strong response from Roblox users. More than 500,000 people have played the mini game so far – almost 4,000 of whom subsequently checked their voter registration status.

    Shaping political viewpoints online

    Platforms like Roblox, with their massive global youth audiences, are becoming increasingly important for shaping political views and real-world political engagement.

    Children and young adults immersed in these virtual worlds may be unknowingly absorbing information and perspectives that could influence their future voting decisions.

    Right now, the focus is on voter registration. However, given the huge impact it’s having, there is clear potential for such campaigns to become much more persuasive and biased.

    In future, we could see kids vying for rewards within online games or social media that may subtly shape their political viewpoints, which they then carry into how they vote as adults.

    This phenomenon has flown under the radar for the current US election. But its impact could be significant. Even more so since young people currently get so much of their news from social platforms.

    For example, the current trend on TikTok of women “cancelling out” the pro-Trump votes of their partners reinforces a gender binary for voting habits. These trending videos are fun, comedic, give minimal factual information. But some of them are getting up to two million views each.

    Similarly, election-themed videos – many of which have been identified as misinformation – on the popular online video platform YouTube have racked up millions of views in recent weeks.

    Exacerbating this situation is that young people often use social media, watch YouTube and play games on Roblox in combination. This can mean triple the impact of how these platforms can shape their political views.

    Online games and platforms are constantly shape-shifting and looking for new ways to engage with ever bigger global audiences.

    So wherever we live in the world, a campaign like Virtual Vote – seeking to achieve real-world political influence through an online video game platform – are important to pay attention to.

    Given the impact of Virtual Vote on so many young people, in such a short period of time, we can expect to see more political influence in their play. Shaping elections in the online space has just taken a new step.

    Joanne Orlando has received funding from the Office of the eSafety Commissioner.

    – ref. A new campaign rewards young gamers on Roblox for engaging with the US election. What does it mean for global politics? – https://theconversation.com/a-new-campaign-rewards-young-gamers-on-roblox-for-engaging-with-the-us-election-what-does-it-mean-for-global-politics-242901

    MIL OSI Analysis – EveningReport.nz –

    January 26, 2025

  • MIL-OSI China: Rain wreaks havoc again in Hainan province

    Source: China State Council Information Office 2

    Following strong, widespread rainfall that hit the entire island at the end of October, Hainan province encountered a new round of heavy precipitation on Sunday, triggering road closures and class suspensions in many areas.
    Influenced by cold air colliding with warm, humid air currents from the southeast, multiple cities and counties in Hainan experienced sustained heavy rainfall on Monday of between 150 to 200 millimeters, leading to a level four rainstorm warning and a level four emergency response for flood and wind prevention, the lowest-level in the country’s four-tier emergency response system.
    Classes in kindergartens and primary and secondary schools were forced to suspend classes in hard-hit regions such as Qiongzhong and Wanning on Monday.
    Due to the impact of the rainfall, sections of some highways in Hainan have been closed to traffic because of road damage such as bridge deck cracks.
    In Qiongzhong, Tunchang and Wanning, some provincial roads and village roads have been closed to traffic due to landslides.
    From 8 am to 6 pm on Sunday, 11 townships in Qionghai experienced heavy rainfall, with eight hit by severe storms.
    “The water in the paddy fields at the end of October hadn’t completely receded, and they’re all flooded again,” said Yang Dongqing, a resident of Xinchao village in Tanmen town, Qionghai.
    He said the rain had been falling throughout the day, starting from moderate showers in the morning and escalating to a severe downpour around noon.
    According to the Qionghai emergency management bureau, as of Sunday, 1,285 people have been relocated from flood prone areas of the city.
    A spokesperson from the Qionghai fire and rescue brigade said members have intensified inspections on water rescue equipment and drainage facilities, and are replenishing rescue supplies comprehensively.
    All fire and rescue personnel are on standby 24 hours a day and are adequately prepared for emergency rescue operations.
    At a meeting on Sunday, provincial authorities emphasized the need to strive toward the goal of “zero casualties, minimal injuries and reduced losses” in the face of the latest round of heavy rainfall.

    MIL OSI China News –

    January 26, 2025

  • MIL-OSI: CoinShares Announces Q3 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    5thNovember 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares” or “the Group”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), the leading European investment company specialising in digital assets, has today published its results for the quarter ending 30th September 2024.

    Jean-Marie Mognetti, Chief Executive Officer of CoinShares said:

    “In Q3 2024, we concentrated on executing our strategy and preparing for a promising Q4 and the upcoming year. A key achievement was the change in our accounting policy for digital assets. We now record movements on digital assets at fair value through profit and loss, enhancing the transparency of our financial statements. This change enables a wide range of investors to have a better understanding of CoinShares’ financial performance and health.

    We have concurrently implemented bitcoin as a treasury management instrument, thus demonstrating our commitment to our investment thesis. Consequently, we now rank among the select few publicly traded companies globally that have opted to maintain bitcoin holdings (78 BTC at the end of Q3) on our balance sheet.”

    Q3 2024 financial highlights

    • Total Revenue, Gains & Other Income for Q3 2024 of £25.8 million (Q3 2023: £15.2 million)
    • EBITDA for Q3 2024 of £15.4 million (Q3 2023: £8.3 million)
    • Net profit for Q3 2024 of £14.2 million (Q3 2023: £6.7 million)

    Q3 2024 operational highlights

    • Asset Management: The CoinShares Physical ETP platform closed the quarter with nearly $80 million in net flows, marking its second-largest quarterly inflow since 2021. We launched a new multi-asset ETP in partnership with finanzen.net to enhance our visibility in the German retail market. In the United States, the CoinShares-Valkyrie business line had its second-best quarter, achieving $61 million in net inflows, mainly from BRRR and WGMI products. Integration of this business line into the wider CoinShares Group is largely complete, and we anticipate it becoming a meaningful contributor to overall Group value, with full stride expected in 2025.
    • Capital Markets & Hedge Fund Solutions: Following the successful rollout of our algorithmic trading platform, MATRIX, our development team is optimising its performance and connectivity, enabling signal ingestion from multiple sources and opening doors to new collaborations. This allows our quantitative research team to focus on new alpha generation strategies to drive future performance for our Capital Markets and Funds divisions. Concurrently, our Hedge Fund Solutions division is preparing to launch an equity long-short fund focused on crypto equities, leveraging our BLOCK Index expertise; the product is ready to launch pending market demand, currently being assessed by our sales teams in the United States and Europe. 
    • Principal Investments: Despite a decrease of approximately £1.9 million in the Group’s Principal Investment portfolio during Q3—primarily due to an extension of the CS2 fund’s life that delays the receipt of our recognized carried interest and results in a corresponding discount—we have observed positive developments in some of our smaller investments. These include the conversion of one of our SAFEs (Station 70) and the change in status of GTSA to that of an Electronic Money Institution.
    • Accounting Policy Change: An important development this quarter concerns our accounting policies for digital asset holdings; historically, our financial statements were distorted by classifying digital assets as intangibles under IFRS, resulting in profit or loss after tax figures that differed markedly from our total comprehensive income and impacting the readability of our accounts. As our organisation has evolved and our activities have diversified significantly, we are now able to classify our digital assets so that their fair value movements are taken through profit and loss, allowing us to present financial statements that provide a more understandable view of our financial performance—easily reconciled to our EBITDA—a transition we’ve been eager to make and are pleased to have finally achieved.

    Full details of the Q3 results, inclusive of financial information on each of the Group’s business units, are included within the full report, available here.

    Download the Swedish Executive Summary here.

    ABOUT COINSHARES

    CoinShares is the leading European investment company specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

    For more information on CoinShares, please visit: https://coinshares.com
    Company | +44 (0)1534 513 100 | enquiries@coinshares.com
    Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com

    This information is information that CoinShares International Limited (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act.

    The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CEST on November 5, 2024.

    PRESS CONTACT

    CoinShares
    Benoît Pellevoizin
    bpellevoizin@coinshares.com

    M Group Strategic Communications
    Peter Padovano
    press@coinshares.com

    Attachment

    • COINSHARES_2024_Q3_Final

    The MIL Network –

    January 26, 2025

  • MIL-OSI: WISe.ART Announces “MINDREAMER” Exhibition from Ylan Anoufa

    Source: GlobeNewswire (MIL-OSI)

    WISe.ART Announces “MINDREAMER” Exhibition from Ylan Anoufa

    Exhibition accompanied by Ylan Anoufa art sales benefiting foundation for childhood education

    Geneva, Switzerland – November 5, 2024: WISeKey International Holding Ltd. (“WISeKey” or the “Company”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) innovations, today announced that its subsidiary WISe.ART is proud to support Ylan Anoufa’s upcoming “MINDREAMER’ exhibition and new collection of twin phygital art packages. The exhibition is set to premiere November 13 at Geneva-based gallery Gallery Re Source. Proceeds from sale of the packages will benefit Ylan’s foundation for childhood education.

    “MINDREAMER” at Gallery Re Source

    Internationally renowned French contemporary artist Ylan Anoufa captivates the art world with his bold and socially engaged works. For the first time in Switzerland, his creations, including his famous AnoufaBear, will be showcased in the groundbreaking exhibition “MINDREAMER”.

    An Immersive and Interactive Exhibition

    After conquering cities such as New York, Tokyo, Hong Kong, Nice, Marbella, Monaco, and Paris, Ylan Anoufa will unveil “MINDREAMER” in Geneva’s Old Town from November 13, 2024, to February 10, 2025.

    The exhibition will feature several editions of his iconic AnoufaBear, a symbol of unity and strength, alongside a selection of ultra-dynamic and powerful urban and pop art pieces. By pushing the boundaries of traditional art, Ylan invites the public to dive into a universe oscillating between vulnerability and collective strength, while addressing contemporary issues and celebrating the beauty of human diversity.

    Performances, Digital Art, and Education

    As part of the exhibition, Ylan Anoufa will present a live art performance titled “REALOVE,” offering the audience a unique and captivating experience that combines emotion and interaction.

    Additionally, he will unveil his digital creativity through a series of NFT artworks. To further explore the digital realm, Gallery Re Source and WISe.ART will host two conferences dedicated to blockchain and NFTs during the exhibition.

    Committed to passing on his knowledge, Ylan also plans to lead AnoufaBear creation workshops for children at the Gallery, fostering artistic expression and creativity from an early age. “MINDREAMER” promises to be a participatory experience.

    AnoufaBears & The Digital Revolution
    In collaboration with WISeKey subsidiaries WISe.ART and SEALSQ, AnoufaBears are part of an exciting project set to embrace the digital realm of art. Through incorporation of the SEALSQ VaultIC155 semiconductor, a contactless solution designed to ward off counterfeiting, AnoufaBears will boast features like Open Detection and Privacy mode.

    WISe.ART’s CEO Carlos Moreira, commented “We believe in a future where digital assets are as valuable, if not more so, than physical ones. Our mission at WISe.ART is to ensure that this future is authentic, secure, and accessible to all.”

    Ylan Anoufa – An Artist on the Rise

    Ylan Anoufa’s talent continues to make waves in the contemporary art world. In January 2024, he was named Artist of the Year at the WISe.ART Excellence Awards during the prestigious World Economic Forum week in Davos. This accolade comes in addition to being named NFT Artist of the Year, cementing his status as a major player in the digital art world.

    His works, now fetching record prices at auctions, reflect growing interest from collectors and art enthusiasts worldwide. His unique approach and commitment to social causes have earned him increasing international recognition, making him one of the most influential emerging artists of our time.

    Ylan Anoufa is set to participate in several upcoming major international events, including Art Together at the Tel Aviv Museum of Art on November 18, the Telethon on November 30, and Art Basel Miami from December 2 to 15.

    About Gallery Re Source
    Nestled in Geneva’s Old Town, Gallery Re Source is a space dedicated to contemporary art and design, regularly hosting artistic, cultural, and holistic events. The “MINDREAMER” exhibition, enriched with workshops, performances, and conferences, aligns with the co-founders’ vision to make art a living and accessible experience for all.

    Stay connected with Gallery Re Source on social media to follow the latest updates and discover upcoming surprises.

    About Ylan Anoufa: The Maestro Behind AnoufaBears
    Ylan, born in 1980, is an embodiment of perpetual evolution. His art, found across global cities from Paris to Hong Kong, beams with modernity, humour, and a thought-provoking narrative. With a heart that radiates positivity, Ylan’s artwork becomes a vibrant fusion of colour, harmony, space, and form. Combining his stylistic finesse in painting and sculpture, Ylan’s graphics are a testament to his poetic inspiration. His collaborations with music legends like Lenny Kavitz and the Rolling Stones, as well as commercial endorsements with brands such as Porsche and Barbie, further enhance his global statue.

    About WISeKey
    WISeKey is a Swiss-based computer infrastructure company specializing in cybersecurity, digital identity, blockchain, Internet of Things (IoT) solutions, and post-quantum semiconductors. As a computer infrastructure company, WISeKey provides secure platforms for data and device management across industries like finance, healthcare, and government. It leverages its Public Key Infrastructure (PKI) to ensure encrypted communications and authentication, while also focusing on next-generation security through post-quantum cryptography.

    WISeKey’s work with post-quantum semiconductors is aimed at future-proofing its security solutions against the threats posed by quantum computing. These advanced semiconductors support encryption that can withstand the computational power of quantum computers, ensuring the long-term security of connected devices and critical infrastructure. Combined with its expertise in blockchain and IoT, WISeKey’s post-quantum technologies provide a robust foundation for secure digital ecosystems at the hardware, software, and network levels.

    About WISe.ART

    Established in September 2020, our marketplace is a forward-thinking digital art platform pioneering the intersection of blockchain technology and artistic and/or visionary creativity. With a strong commitment to democratizing access and ownership to unique innovative products, WISe.ART provides a vibrant marketplace for buying, selling, preserving, and discovering original digital creations. By embracing blockchain and NFT technology, WISe.ART ensures provenance, artist recognition, heritage preservation and secure, transparent transactions.

    WISe.ART platform leverages WISeKey’s strong cybersecurity expertise, digital identity technology. As a part of our mission to empower creators and collectors, the launch of the WISe.ART token marks a significant milestone in our journey. By creating a unique digital currency, we aim to foster an inclusive, engaging, and rewarding ecosystem that transcends traditional boundaries of the art world.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact:  Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com     		 WISeKey Investor Relations (US)
    Contact: The Equity Group Inc.

    Lena Cati
    Tel: +1 212 836-9611
    lcati@equityny.com

    Katie Murphy

    Tel: +1 212 836-9612 / kmurphy@equityny.com

    		 Gallery Re Source
    Véronika Saporta Tel: +41 78 227 32 70
    Stéphanie Jacob Tel: +41 76 508 03 99
    Instagram.com/lagalleryresource
    lagallery.ch
    info@lagallery.ch
    Gallery Re Source – rue Etienne-Dumont, 5 – 1204 Geneva, Switzerland

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    The MIL Network –

    January 26, 2025

  • MIL-OSI China: ‘Feel China’ cultural days open in Mongolia

    Source: China State Council Information Office 3

    A series of cultural events promoting northern China’s Inner Mongolia Autonomous Region officially kicked off in Ulan Bator, capital of Mongolia, on Monday.

    The “Feel China” cultural days, co-organized by the Chinese Embassy in Mongolia, the Ministry of Culture, Sports, Tourism, and Youth of Mongolia, and the Information Office of the People’s Government of Inner Mongolia, aim to deepen people-to-people and cultural exchanges between China and Mongolia, enhance their longstanding friendship, and celebrate the 75th anniversary of diplomatic relations.

    The opening ceremony was attended by Jiang Xinhui, director of the Information Office of the People’s Government of Inner Mongolia, Zhang Muxing, acting ambassador and minister counselor of the Chinese Embassy in Mongolia, Adiyasuren Davaajargal, state secretary of the Ministry of Culture, Sports, Tourism, and Youth of Mongolia, as well as other officials and representatives from both countries.

    Davaajargal said he hopes that the series of events will further enhance cultural relations between China and Mongolia and promote cross-border tourism.

    Jiang said that, as a neighboring region, the Inner Mongolia Autonomous Region has leveraged its geographical proximity and cultural affinity to serve as a crucial bridge for cooperation between China and Mongolia across various fields, including economic and trade exchanges, cultural collaborations, medical and health care, and ecological conservation.

    “With our joint efforts, the ‘Feel China’ event has been successfully held in Mongolia for many consecutive years. We have consistently adhered to our mission of promoting people-to-people exchanges and strengthening friendship, allowing Mongolian friends to better understand China and Inner Mongolia,” he said.

    The five-day series of events includes Shaolin martial arts performances, the inauguration of a Chinese book reading classroom at a Mongolian university, free health check-ups, and screenings of Chinese movies on Mongolian television and in cinemas, among other activities.

    MIL OSI China News –

    January 26, 2025

  • MIL-OSI Asia-Pac: Satellite payload items go on display

    Source: Hong Kong Information Services

    The Security Bureau, together with the disciplined services and auxiliary forces under its umbrella, will hold an exhibition to showcase the cultural and creative items carried by the Shijian-19 satellite during a recent mission.

    This six-day exhibition, due to commence tomorrow at the Space Museum foyer, aims to enhance citizens’ sense of national pride and deepen their understanding of the disciplined and auxiliary services.

    The items selected by the bureau include a national security-themed comic, a Security Bear plush toy, and promotional items featuring the cultural characteristics of Sha Tau Kok.

    Meanwhile, other items sent into space that were selected by the disciplined and auxiliary services comprise mascots of different services, samples of a Hong Kong Special Administrative Region passport and identity card, as well as departmental souvenirs.

    Secretary for Security Tang Ping-keung earlier officiated at an unboxing ceremony, during which he presented the items and space payload certificates to the heads of the respective services.

    Apart from noting that the space programme involved China’s first reusable and returnable test satellite, which successfully accomplished its return mission, Mr Tang highlighted that the programme marks a significant breakthrough in aerospace technologies, demonstrating the nation’s remarkable progress in space exploration.

    The payloads also symbolised the spirit of the disciplined services in embracing the pursuit of dreams and innovation, he added.

    The Shijian-19 satellite was launched on September 27 and returned safely on October 11.

    MIL OSI Asia Pacific News –

    January 26, 2025

  • MIL-OSI Asia-Pac: Sun Dong begins Canada visit

    Source: Hong Kong Information Services

    Secretary for Innovation, Technology & Industry Prof Sun Dong began his visit to Toronto, Canada, by touring an innovation hub, the University of Toronto and a startup.

    In the morning of November 4, Prof Sun visited MaRS Discovery District and met its Chief Executive Officer Alison Nankivell to receive a briefing on the innovation hub’s successful experience in nurturing an innovation and technology (I&T) ecosystem.

    Located close to major universities and hospitals in downtown Toronto, MaRS focuses on nourishing deep technology industries including clean technology and life science.

    It is also the largest urban innovation centre in North America, which supports 1,200 enterprises and renders direct assistance to enterprises, with a view to building communities of innovators and promoting the adoption of new solutions.

    Prof Sun then visited the University of Toronto and toured the Centre for Analytics & Artificial Intelligence Engineering of the Faculty of Applied Science & Engineering.

    He met Faculty Dean Prof Christopher Yip and Acting Associate Vice-President International Partnerships Prof David Wolfe, and was briefed on the centre’s latest developments and research and development (R&D) achievements.

    The centre brings together universities and industries to translate the latest advances of artificial intelligence and data analytics into technologies in areas ranging from advanced manufacturing to human health.

    Its team also delivers ongoing guidance for advanced analytics projects in industry settings.

    Prof Sun encouraged the university to co-operate with universities in Hong Kong to participate in the InnoHK research clusters to strengthen global R&D collaboration.

    In the afternoon, the technology chief visited a startup that provides storage and delivery services in North America.

    Apart from adopting a smart platform that automatically processes orders and updates inventory levels in real time, the startup also utilises robotic shuttles to manage inventories automatically, thereby reducing the overall cost for logistics and delivery services.

    In the evening, Prof Sun attended a networking dinner organised by the Hong Kong-Canada Business Association (Toronto Chapter), where he had an exchange with Hong Kong young people studying and working in Toronto to learn more about their studies and work life.

    Prof Sun shared with them Hong Kong’s efforts to develop as an international I&T centre and build an international hub for high-calibre talent.

    He noted that it is of paramount importance to enlarge the talent pool for Hong Kong’s I&T development, adding that the city is an ideal destination for young people to develop their careers.

    He also encouraged Hong Kong youngsters to seize the myriad opportunities.

    Prof Sun will proceed to Ottawa and continue his visit.

    MIL OSI Asia Pacific News –

    January 26, 2025

  • MIL-OSI: International Petroleum Corporation Announces Third Quarter 2024 Financial and Operational Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Nov. 05, 2024 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC or the Corporation) (TSX, Nasdaq Stockholm: IPCO) today released its financial and operational results and related management’s discussion and analysis (MD&A) for the three and nine months ended September 30, 2024.

    William Lundin, IPC’s President and Chief Executive Officer, comments: “We are pleased to announce another positive quarter of operational performance. IPC achieved average net daily production during the third quarter of 45,000 barrels of oil equivalent per day (boepd), following planned maintenance shutdowns during the quarter. We also continue to purchase IPC common shares under the normal course issuer bid (NCIB). We have now almost completed the 2023/2024 NCIB, reducing the outstanding number of common shares by over 6% since the beginning of December 2023. We intend to seek Toronto Stock Exchange approval to renew the NCIB in December 2024. We are also pleased to report on the progress achieved at the Blackrod Phase 1 development in Canada, which remains on schedule and on budget.”

    Q3 2024 Business Highlights

    • Average net production of approximately 45,000 boepd for Q3 2024, in line with guidance (49% heavy crude oil, 17% light and medium crude oil and 34% natural gas).(1)
    • Successful completion of planned maintenance shutdowns at Onion Lake Thermal (OLT) in Canada and the Bertam field in Malaysia.
    • Drilling activity at the Suffield area in Canada continued with four wells drilled in Q3 2024 and completed by October 2024.
    • Development activities on Phase 1 of the Blackrod project continue to progress on schedule and on budget, with forecast first oil in late 2026.
    • 2.6 million IPC common shares purchased and cancelled during Q3 2024 under IPC’s normal course issuer bid (NCIB), on track to complete the 2023/2024 NCIB during November 2024.
    • IPC plans to seek Toronto Stock Exchange approval for the renewal of the NCIB in December 2024.

    Q3 2024 Financial Highlights

    • Operating costs per boe of USD 17.9 for Q3 2024, below guidance.(3)
    • Operating cash flow (OCF) and Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) of MUSD 73 and MUSD 68 respectively in line with guidance for Q3 2024.(3)
    • Capital and decommissioning expenditures of MUSD 102 for Q3 2024, in line with guidance.
    • Free cash flow (FCF) for Q3 2024 amounted to MUSD -38 (MUSD 44 pre-Blackrod Phase 1 project funding).(3)
    • Gross cash of MUSD 299 and net debt of MUSD 157 as at September 30, 2024.(3)
    • Net result of MUSD 23 for Q3 2024.

    Reserves and Resources

    • Total 2P reserves as at December 31, 2023 of 468 MMboe, with a reserves life index (RLI) of 27 years.(1)(2)
    • Contingent resources (best estimate, unrisked) as at December 31, 2023 of 1,145 MMboe.(1)(2)

    2024 Annual Guidance

    • Full year 2024 average net production guidance range maintained at 46,000 to 48,000 boepd.(1)
    • Full year 2024 operating costs guidance revised to below USD 18 per boe.(3)
    • Full year 2024 OCF guidance estimated at between MUSD 335 and 342, assuming Brent USD 70 to 80 per barrel for the remainder of 2024.(3)
    • Full year 2024 capital and decommissioning expenditures guidance forecast maintained at MUSD 437.
    • Full year 2024 FCF guidance estimated at between MUSD -140 and -133 (between MUSD 222 and 229 pre-Blackrod Phase 1 project funding), assuming Brent USD 70 to 80 per barrel for the remainder of 2024.(3)
      Three months ended
    September 30    		   Nine months ended
    September 30
    USD Thousands 2024   2023     2024   2023  
    Revenue 173,200   257,366     598,659   655,446  
    Gross profit 39,505   93,429     167,397   210,559  
    Net result 22,875   71,681     101,804   143,269  
    Operating cash flow (3) 72,589   119,142     263,831   279,414  
    Free cash flow (3) (38,269 ) 34,703     (74,021 ) 67,379  
    EBITDA (3) 68,313   123,054     259,304   284,334  
    Net cash/(debt) (3) (157,228 ) 83,097     (157,228 ) 83,097  
                       

    Oil prices softened in the third quarter with Brent prices averaging USD 80 per barrel compared with USD 85 per barrel in the second quarter. Volatility during the quarter was high with Brent prices ranging from USD 89 per barrel in July to USD 70 per barrel in September. Notwithstanding the volatility in prices, the crude market was in a deficit through the third quarter, aided by the proactive supply management by the OPEC+ group. The continued conflicts in the Middle East and Ukraine led to increased oil prices, though these were partially offset by concerns over global oil demand growth, in particular consumer and industrial demand in China. Despite some of these negative factors, the physical market remains tight with OECD crude stock levels below the five-year average, with oil demand expected to be at an all-time high in 2024 and continue to grow in 2025. Approximately 50% of IPC’s forecast 2024 oil production is hedged at USD 80 per barrel WTI or USD 85 per barrel Dated Brent through to the end of 2024.

    The third quarter 2024 WTI to Western Canadian Select (WCS) price differentials averaged just under USD 14 per barrel, in line with the second quarter and approximately USD 5 per barrel lower than the first quarter differential average of USD 19 per barrel. The Trans Mountain expansion (TMX) pipeline continues to support tighter differentials with the Western Canadian Sedimentary Basin (WCSB) now having excess spare pipeline capacity for the first time in more than a decade. Crude exports from the new TMX pipeline are flowing off the coast of British Columbia, with deliveries to the US West Coast and Asia creating new end destinations for Canadian heavy oil. Around 70% of our forecast 2024 Canadian WCS production volumes are hedged at a WTI/WCS differential of USD 15 per barrel.

    Natural gas prices in Canada remained suppressed in the third quarter, with AECO pricing averaging CAD 0.67 per Mcf during the period, compared to CAD 1.17 per Mcf average for the second quarter. This has led to some Canadian natural gas producers curtailing production as western Canada gas storage levels continue to sit above the five-year range. IPC implemented hedges during the third quarter for approximately 14,500 Mcf per day at CAD 1.57 per Mcf from August to year end 2024.

    Third Quarter 2024 Highlights and Full Year 2024 Guidance

    IPC delivered average daily production rates of 45,000 boepd for the third quarter. The average daily production for the first nine months of 2024 was 47,400 boepd and the full year Capital Markets Day (CMD) production guidance of 46,000 to 48,000 boepd is maintained. During the third quarter, planned maintenance shutdowns at the Onion Lake Thermal (OLT) asset in Canada and at the Bertam field in Malaysia were successfully completed. High uptimes were achieved across all major producing assets in our portfolio during the quarter and the business benefited from the oil wells drilled within our Southern Alberta assets and the new wells brought on stream from sustaining Pad L at the OLT asset.(1)

    Operating costs in the third quarter of 2024 were below forecast at USD 17.9 per boe. The lower costs were largely driven by lower energy input costs within our Canadian asset base. Full year 2024 operating costs guidance is revised to less than USD 18 per boe, below the CMD guidance range of USD 18 to 19 per boe.(3)

    Operating cash flow (OCF) for the third quarter of 2024 was USD 73 million in line with forecast. Full year 2024 OCF guidance is revised to USD 335 to 342 million (assuming Brent USD 70 to 80 per barrel for the remainder of 2024).(3)

    Capital and decommissioning expenditure for the third quarter was in line with plan at USD 102 million. Our full year 2024 capital and decommissioning expenditure guidance is unchanged at USD 437 million.

    Free cash flow (FCF) was USD -38 million (or USD 44 million pre-Blackrod Phase 1 development funding) during the third quarter of 2024. Full year 2024 FCF guidance is revised to USD -140 to -133 million (or USD 222 to 229 million pre-Blackrod Phase 1 development funding) assuming Brent USD 70 to 80 per barrel for the remainder of 2024.(3)

    Net debt was increased during the third quarter of 2024 by approximately USD 69 million to USD 157 million.(3) This is due to the growth capital expenditure at the Blackrod Phase 1 project and continued funding of the normal course issuer bid (NCIB) share repurchase program. The gross cash position as at September 30, 2024 was USD 299 million. In the third quarter, IPC enhanced its financing position by entering into a letter of credit facility in Canada to cover all of its existing operational letters of credit, giving full availability under IPC’s undrawn CAD 180 million Revolving Credit Facility.

    With a robust balance sheet and strong cashflow generation from the producing assets, IPC is strongly positioned to deliver on our three strategic pillars of organic growth, shareholder returns and pursue value-adding M&A.

    Blackrod Phase 1 Project

    The Blackrod asset is 100% owned by IPC and hosts the largest booked reserves and contingent resources within the IPC portfolio. After more than a decade of pilot operations, subsurface delineation and commercial engineering studies, IPC sanctioned the Phase 1 development in the first quarter of 2023. The Phase 1 development targets 218 MMboe of 2P reserves, with a multi-year forecast capital expenditure of USD 850 million to first oil planned in late 2026. The Phase 1 development is planned for plateau production of 30,000 bopd which is expected by early 2028.(1)(2)

    2024 marks a peak investment year at the Blackrod Phase 1 project for IPC, with USD 362 million planned to be spent in the year. Project progress has advanced according to plan, with approximately USD 245 million spent through the first nine months of 2024. All major third-party contracts have been executed, including but not limited to, the engineering, procurement and construction (EPC) agreements for the central processing facility (CPF) and well pad facilities, midstream agreements for the input fuel gas, diluent and oil blend pipelines, and drilling rig and stakeholder agreements. All major long lead items have been procured and pre-operations onboarding continues as the asset undergoes rapid change from a pilot steam assisted gravity drainage (SAGD) operation to a commercial SAGD operation. IPC’s core operational philosophy is to responsibly develop and commission projects with the staff that are going to manage and operate the asset to ensure the seamless transition from development to operations.

    As at the end of the third quarter of 2024, over half of the Blackrod Phase 1 development capital had been spent since the project sanction in early 2023. All major work streams are progressing as planned and the focus continues to be on executing the detailed sequencing of events as facility modules are safely delivered and installed at site. The total Phase 1 project guidance of USD 850 million capital expenditure to first oil in late 2026 is unchanged. IPC intends to fund the remaining Blackrod Phase 1 development costs with forecast cash flow generated by its operations and cash on hand.

    Stakeholder Returns: Normal Course Issuer Bid

    Under the current 2023/2024 NCIB, IPC has the ability to repurchase up to approximately 8.3 million common shares over the period of December 5, 2023 to December 4, 2024. IPC repurchased and cancelled approximately 7.5 million common shares up to the end of September 2024. The average price of common shares purchased under the 2023/2024 NCIB was SEK 132 / CAD 17 per share. IPC expects to complete the 2023/2024 NCIB during November 2024, resulting in the cancellation of 6.5% of the total number of common shares outstanding as at the beginning of December 2023.

    As at September 30, 2024, IPC had a total of 120,751,038 common shares issued and outstanding and IPC held 30,000 common shares in treasury. As at October 31, 2024, IPC had a total of 120,244,638 common shares issued and outstanding and IPC held 44,400 common shares in treasury.

    The IPC Board of Directors has approved, subject to acceptance by the Toronto Stock Exchange (TSX), the renewal of IPC’s NCIB for a further twelve months from December 2024 to December 2025. We expect that the 2024/2025 NCIB will permit IPC to purchase on the TSX and/or Nasdaq Stockholm, and cancel, up to a further approximately 7.5 million common shares, representing approximately 6.2% of the total outstanding common shares (or 10% of IPC’s “public float” under applicable TSX rules) following completion of the current 2023/2024 NCIB. IPC continues to believe that reducing the number of common shares outstanding while in parallel investing in material production growth at the Blackrod project will prove to be a winning formula for our stakeholders.

    Environmental, Social and Governance (ESG) Performance

    As part of IPC’s commitment to operational excellence and responsible development, its objective is to reduce risk and eliminate hazards to prevent occurrence of accidents, ill health, and environmental damage, as these are essential to the success of our business operations. During the third quarter of 2024, IPC recorded no material safety or environmental incidents.

    As previously announced, IPC targets a reduction of our net GHG emissions intensity by the end of 2025 to 50% of IPC’s 2019 baseline and IPC remains on track to achieve this reduction. During the first quarter of 2024, IPC announced the commitment to remain at end 2025 levels of 20 kg CO2/boe through to the end of 2028.(4)

    Notes:

    (1) See “Supplemental Information regarding Product Types” in “Reserves and Resources Advisory” below. See also the annual information form for the year ended December 31, 2023 (AIF) available on IPC’s website at www.international-petroleum.com and under IPC’s profile on SEDAR+ at www.sedarplus.ca.
    (2) See “Reserves and Resources Advisory“ below. Further information with respect to IPC’s reserves, contingent resources and estimates of future net revenue, including assumptions relating to the calculation of NPV, are described in the AIF.
    (3) Non-IFRS measures, see “Non-IFRS Measures” below and in the MD&A.
    (4) Emissions intensity is the ratio between oil and gas production and the associated carbon emissions, and net emissions intensity reflects gross emissions less operational emission reductions and carbon offsets.

    International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a high quality portfolio of assets located in Canada, Malaysia and France, providing a solid foundation for organic and inorganic growth. IPC is a member of the Lundin Group of Companies. IPC is incorporated in Canada and IPC’s shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm exchange under the symbol “IPCO”.

    For further information, please contact:

    Rebecca Gordon
    SVP Corporate Planning and Investor Relations
    rebecca.gordon@international-petroleum.com
    Tel: +41 22 595 10 50    		       Or       Robert Eriksson
    Media Manager
    reriksson@rive6.ch
    Tel: +46 701 11 26 15
             

    This information is information that International Petroleum Corporation is required to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the contact persons set out above, at 07:30 CET on November 5, 2024. The Corporation’s unaudited interim condensed consolidated financial statements (Financial Statements) and management’s discussion and analysis (MD&A) for the three and nine months ended September 30, 2024 have been filed on SEDAR+ (www.sedarplus.ca) and are also available on the Corporation’s website (www.international-petroleum.com).

    Forward-Looking Statements
    This press release contains statements and information which constitute “forward-looking statements” or “forward-looking information” (within the meaning of applicable securities legislation). Such statements and information (together, “forward-looking statements”) relate to future events, including the Corporation’s future performance, business prospects or opportunities. Actual results may differ materially from those expressed or implied by forward-looking statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Forward-looking statements speak only as of the date of this press release, unless otherwise indicated. IPC does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

    All statements other than statements of historical fact may be forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, forecasts, guidance, budgets, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “forecast”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “budget” and similar expressions) are not statements of historical fact and may be “forward-looking statements”.

    Forward-looking statements include, but are not limited to, statements with respect to:

    • 2024 production ranges (including total daily average production), production composition, cash flows, operating costs and capital and decommissioning expenditure estimates;
    • Estimates of future production, cash flows, operating costs and capital expenditures that are based on IPC’s current business plans and assumptions regarding the business environment, which are subject to change;
    • IPC’s financial and operational flexibility to continue to react to recent events and navigate the Corporation through periods of volatile commodity prices;
    • The ability to fully fund future expenditures from cash flows and current borrowing capacity;
    • IPC’s intention and ability to continue to implement strategies to build long-term shareholder value;
    • The ability of IPC’s portfolio of assets to provide a solid foundation for organic and inorganic growth;
    • The continued facility uptime and reservoir performance in IPC’s areas of operation;
    • Development of the Blackrod project in Canada, including estimates of resource volumes, future production, timing, regulatory approvals, third party commercial arrangements, breakeven prices and net present value;
    • Current and future production performance, operations and development potential of the Onion Lake Thermal, Suffield, Brooks, Ferguson and Mooney operations, including the timing and success of future oil and gas drilling and optimization programs;
    • The potential improvement in the Canadian oil egress situation and IPC’s ability to benefit from any such improvements;
    • The ability to maintain current and forecast production in France and Malaysia;
    • The intention and ability of IPC to acquire further common shares under the NCIB, including the timing of any such purchases;
    • The ability of IPC to renew the NCIB and the number of common shares which may be purchased under a renewed NCIB;
    • The return of value to IPC’s shareholders as a result of the NCIB;
    • The ability of IPC to implement further shareholder distributions in addition to the NCIB;
    • IPC’s ability to implement its greenhouse gas (GHG) emissions intensity and climate strategies and to achieve its net GHG emissions intensity reduction targets;
    • IPC’s ability to implement projects to reduce net emissions intensity, including potential carbon capture and storage;
    • Estimates of reserves and contingent resources;
    • The ability to generate free cash flows and use that cash to repay debt;
    • IPC’s continued access to its existing credit facilities, including current financial headroom, on terms acceptable to the Corporation;
    • IPC’s ability to maintain operations, production and business in light of any future pandemics and the restrictions and disruptions related thereto, including risks related to production delays and interruptions, changes in laws and regulations and reliance on third-party operators and infrastructure;
    • IPC’s ability to identify and complete future acquisitions;
    • Expectations regarding the oil and gas industry in Canada, Malaysia and France, including assumptions regarding future royalty rates, regulatory approvals, legislative changes, and ongoing projects and their expected completion; and
    • Future drilling and other exploration and development activities.

    Statements relating to “reserves” and “contingent resources” are also deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves and resources described exist in the quantities predicted or estimated and that the reserves and resources can be profitably produced in the future. Ultimate recovery of reserves or resources is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.

    Although IPC believes that the expectations and assumptions on which such forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because IPC can give no assurances that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks.

    These include, but are not limited to general global economic, market and business conditions; the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to reserves, resources, production, revenues, costs and expenses; health, safety and environmental risks; commodity price fluctuations; interest rate and exchange rate fluctuations; marketing and transportation; loss of markets; environmental and climate-related risks; competition; innovation and cybersecurity risks related to our systems, including our costs of addressing or mitigating such risks; the ability to attract, engage and retain skilled employees; incorrect assessment of the value of acquisitions; failure to complete or realize the anticipated benefits of acquisitions or dispositions; the ability to access sufficient capital from internal and external sources; failure to obtain required regulatory and other approvals; geopolitical conflicts, including the war between Ukraine and Russia and the conflict in the Middle East, and their potential impact on, among other things, global market conditions; and changes in legislation, including but not limited to tax laws, royalties, environmental and abandonment regulations.

    Additional information on these and other factors that could affect IPC, or its operations or financial results, are included in the MD&A (See “Risk Factors”, “Cautionary Statement Regarding Forward-Looking Information” and “Reserves and Resources Advisory” therein), the Corporation’s Annual Information Form (AIF) for the year ended December 31, 2023, (See “Cautionary Statement Regarding Forward-Looking Information”, “Reserves and Resources Advisory” and “Risk Factors”) and other reports on file with applicable securities regulatory authorities, including previous financial reports, management’s discussion and analysis and material change reports, which may be accessed through the SEDAR+ website (www.sedarplus.ca) or IPC’s website (www.international-petroleum.com).

    Management of IPC approved the production, operating costs, operating cash flow, capital and decommissioning expenditures and free cash flow guidance and estimates contained herein as of the date of this press release. The purpose of these guidance and estimates is to assist readers in understanding IPC’s expected and targeted financial results, and this information may not be appropriate for other purposes.

    Non-IFRS Measures
    References are made in this press release to “operating cash flow” (OCF), “free cash flow” (FCF), “Earnings Before Interest, Tax, Depreciation and Amortization” (EBITDA), “operating costs” and “net debt”/”net cash”, which are not generally accepted accounting measures under International Financial Reporting Standards (IFRS) and do not have any standardized meaning prescribed by IFRS and, therefore, may not be comparable with similar measures presented by other public companies. Non-IFRS measures should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS.

    The definition of each non-IFRS measure is presented in IPC’s MD&A (See “Non-IFRS Measures” therein).

    Operating cash flow
    The following table sets out how operating cash flow is calculated from figures shown in the Financial Statements:

      Three months ended September 30   Nine months ended September 30
    USD Thousands 2024   2023     2024   2023  
    Revenue 173,200   257,366     598,659   655,446  
    Production costs (100,984 ) (130,765 )   (328,110 ) (364,889 )
    Current tax 373   (7,459 )   (6,718 ) (16,045 )
    Operating cash flow 72,589   119,142     263,831   274,512  
                       

    The operating cash flow for the nine months ended September 30, 2023 including the operating cash flow contribution of the Brooks assets acquisition from the effective date of January 1, 2023 to the completion date of March 3, 2023 amounted to USD 279,414 thousand.

    Free cash flow
    The following table sets out how free cash flow is calculated from figures shown in the Financial Statements:

      Three months ended September 30   Nine months ended September 30
    USD Thousands 2024   2023     2024   2023  
    Operating cash flow – see above 72,589   119,142     263,831   274,512  
    Capital expenditures (99,100 ) (76,844 )   (308,457 ) (183,904 )
    Abandonment and farm-in expenditures1 (2,575 ) (2,755 )   (4,938 ) (7,683 )
    General, administration and depreciation expenses before depreciation2 (3,903 ) (3,547 )   (11,245 ) (11,124 )
    Cash financial items3 (5,280 ) (1,293 )   (13,212 ) (3,593 )
    Free cash flow (38,269 ) 34,703     (74,021 ) 68,208  

    1 See note 16 to the Financial Statements
    2 Depreciation is not specifically disclosed in the Financial Statements
    3 See notes 4 and 5 to the Financial Statements

    The free cash flow for the nine months ended September 30, 2023 including the free cash flow contribution of the Brooks assets acquisition from the effective date of January 1, 2023 to the completion date of March 3, 2023 amounted to USD 67,379 thousand.

    EBITDA
    The following table sets out the reconciliation from net result from the consolidated statement of operations to EBITDA:

      Three months ended September 30   Nine months ended September 30
    USD Thousands 2024   2023     2024   2023  
    Net result 22,875   71,681     101,804   143,269  
    Net financial items 4,124   4,257     23,942   16,227  
    Income tax 8,257   25,451     29,473   50,671  
    Depletion and decommissioning costs 30,491   31,687     96,305   71,488  
    Depreciation of other tangible fixed assets 2,023   1,509     6,503   6,503  
    Exploration and business development costs 197   (24 )   344   2,007  
    Depreciation included in general, administration and depreciation expenses 1 346   405     933   1,180  
    Sale of Assets –   (11,912 )   –   (11,912 )
    EBITDA 68,313   123,054     259,304   279,433  

    1 Item is not shown in the Financial Statements

    The EBITDA for the nine months ended September 30, 2023 including the EBITDA contribution of the Brooks assets acquisition from the effective date of January 1, 2023 to the completion date of March 3, 2023 amounted to USD 284,334 thousand.

    Operating costs
    The following table sets out how operating costs is calculated:

      Three months ended September 30   Nine months ended September 30
    USD Thousands 2024   2023     2024   2023  
    Production costs 100,984   130,765     328,110   364,889  
    Cost of blending (29,818 ) (39,836 )   (116,699 ) (128,523 )
    Change in inventory position 2,755   (8,067 )   3,160   2,228  
    Operating costs 73,921   82,862     214,571   238,594  

    The operating costs for the nine months ended September 30, 2023 including the operating costs contribution of the Brooks assets acquisition from the effective date of January 1, 2023 to the completion date of March 3, 2023 amounted to USD 245,395 thousand.

    Net cash/(debt)
    The following table sets out how net cash/(debt) is calculated:

    USD Thousands September 30, 2024   December 31, 2023  
    Bank loans (6,431 ) (9,031 )
    Bonds1 (450,000 ) (450,000 )
    Cash and cash equivalents 299,203   517,074  
    Net cash/(debt) (157,228 ) 58,043  

    1 The bond amount represents the redeemable value at maturity (February 2027).

    Reserves and Resources Advisory
    This press release contains references to estimates of gross and net reserves and resources attributed to the Corporation’s oil and gas assets. For additional information with respect to such reserves and resources, refer to “Reserves and Resources Advisory” in the MD&A. Light, medium and heavy crude oil reserves/resources disclosed in this press release include solution gas and other by-products. Also see “Supplemental Information regarding Product Types” below.

    Reserve estimates, contingent resource estimates and estimates of future net revenue in respect of IPC’s oil and gas assets in Canada are effective as of December 31, 2023, and are included in the reports prepared by Sproule Associates Limited (Sproule), an independent qualified reserves evaluator, in accordance with National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (NI 51-101) and the Canadian Oil and Gas Evaluation Handbook (the COGE Handbook) and using Sproule’s December 31, 2023 price forecasts.

    Reserve estimates, contingent resource estimates and estimates of future net revenue in respect of IPC’s oil and gas assets in France and Malaysia are effective as of December 31, 2023, and are included in the report prepared by ERC Equipoise Ltd. (ERCE), an independent qualified reserves auditor, in accordance with NI 51-101 and the COGE Handbook, and using Sproule’s December 31, 2023 price forecasts.

    The price forecasts used in the Sproule and ERCE reports are available on the website of Sproule (sproule.com) and are contained in the AIF. These price forecasts are as at December 31, 2023 and may not be reflective of current and future forecast commodity prices.

    The reserve life index (RLI) is calculated by dividing the 2P reserves of 468 MMboe as at December 31, 2023 by the mid-point of the 2024 CMD production guidance of 46,000 to 48,000 boepd.

    IPC uses the industry-accepted standard conversion of six thousand cubic feet of natural gas to one barrel of oil (6 Mcf = 1 bbl). A BOE conversion ratio of 6:1 is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. As the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a 6:1 conversion basis may be misleading as an indication of value.

    Supplemental Information regarding Product Types

    The following table is intended to provide supplemental information about the product type composition of IPC’s net average daily production figures provided in this press release:

      Heavy Crude Oil
    (Mbopd)    		 Light and Medium Crude Oil (Mbopd) Conventional Natural Gas (per day) Total
    (Mboepd)
    Three months ended        
    September 30, 2024 21.9 7.8 91.9 MMcf
    (15.3 Mboe)    		 45.0
    September 30, 2023 25.8 7.1 103.4 MMcf
    (17.3 Mboe)    		 50.2
    Nine months ended        
    September 30, 2024 23.7 7.9 94.8 MMcf
    (15.8 Mboe)    		 47.4
    September 30, 2023 25.9 8.6 102.4 MMcf
    (17.1 Mboe)    		 51.6
    Year ended        
    December 31, 2023 25.8 8.1 102.8 MMcf
    (17.1 Mboe)    		 51.1
             

    This press release also makes reference to IPC’s forecast total average daily production of 46,000 to 48,000 boepd for 2024. IPC estimates that approximately 50% of that production will be comprised of heavy oil, approximately 16% will be comprised of light and medium crude oil and approximately 34% will be comprised of conventional natural gas.

    Currency
    All dollar amounts in this press release are expressed in United States dollars, except where otherwise noted. References herein to USD mean United States dollars and to MUSD mean millions of United States dollars. References herein to CAD mean Canadian dollars.

    The MIL Network –

    January 26, 2025

  • MIL-OSI Economics: Secretary-General of ASEAN visits the Royal Thai Police

    Source: ASEAN

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today visited the Royal Thai Police as part of his working visit to Thailand, where he met with high-ranking officials led by Acting Deputy Commissioner General of the Royal Thai Police, Pol Lt Gen Prachuap Wongsuk, to discuss the current trends and challenges of transnational crime in Thailand and its contribution to regional efforts undertaken by the ASEAN Ministerial Meeting on Transnational Crime (AMMTC) in addressing these threats. Dr. Kao commended Thailand’s proactive role as the ASEAN Senior Officials’ Meeting on Transnational Crime (SOMTC) Voluntary Lead Shepherd for illicit drug trafficking and illicit trafficking of wildlife and timber (ITWT) priority areas. Both sides also exchanged views on the rising threats of cybercrime, among others.

    The post Secretary-General of ASEAN visits the Royal Thai Police appeared first on ASEAN Main Portal.

    MIL OSI Economics –

    January 26, 2025

  • MIL-OSI: Atos signs binding agreement to sell Worldgrid to ALTEN for an enterprise value of €270 million

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Atos signs binding agreement to sell Worldgrid to ALTEN for an enterprise value of €270 million

    Paris, France – November 5, 2024 – Following its press release dated June 11, 2024, Atos, a global leader in digital transformation, high-performance computing and information technology infrastructure, today announces that it has signed a Share & Asset Purchase Agreement with ALTEN SA (“ALTEN”) for the sale of its Worldgrid business unit for an enterprise value of €270 million.

    Worldgrid provides consulting and engineering services to energy and utility companies. The business currently employs close to 1,100 employees and, in 2023, it generated revenue of circa €170 million from a diverse and longstanding client base.

    ALTEN is a well-recognized IT and engineering player with expertise and product offerings in the energy and utilities industry. The contemplated transaction would ensure full continuity of service for Worldgrid’s strategic clients and employees.

    Relevant social processes with employee representative bodies are completed and approvals from regulators have been received. The transaction is expected to close before the end of 2024.

    ***

    About Atos

    Atos is a global leader in digital transformation with circa 82,000 employees and annual revenue of circa €10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Contacts

    Investor relations:
    David Pierre-Kahn | investors@atos.net | +33 6 28 51 45 96
    Sofiane El Amri | investors@atos.net | +33 6 29 34 85 67

    Individual shareholders: 0805 65 00 75

    Press contact: globalprteam@atos.net

    Attachment

    • PR – Binding agreement to sell Worldgrid to ALTEN – November 5 2024

    The MIL Network –

    January 26, 2025

  • MIL-OSI United Kingdom: UK to create world-first ‘early warning system’ for pandemics

    Source: United Kingdom – Executive Government & Departments

    The government is set to partner with Oxford Nanopore, which uses technology to rapidly diagnose a range of cancers, along with rare and infectious diseases

    • New partnership with cutting-edge life sciences company Oxford Nanopore will lead to better scientific research and could create tests and treatments for patients, saving lives

    • Patients suspected of having severe acute respiratory infections will be diagnosed within 6 hours, supporting the establishment of a new diagnostic system

    • Technology will allow potential outbreaks of bacterial or viral diseases to be monitored alongside antimicrobial resistance, shifting NHS from analogue to digital as part of 10-Year Health Plan

    The UK will create the world’s first real-time surveillance system to monitor the threat of future pandemics, prevent disease, and protect the public.

    Plans have been announced to form a new partnership between the government, Genomics England, UK Biobank, NHS England, and Oxford Nanopore – a UK-headquartered, world-leading life sciences company. 

    Oxford Nanopore uses long read sequencing technology to analyse genes and pathogens to rapidly diagnose a range of cancers, along with rare and infectious diseases. The technology can sequence long strands of DNA or RNA in one go, without breaking it up into smaller fragments.

    In infectious diseases, Oxford Nanopore’s technology will help to create an early warning system for future pandemics and potential biological threats, both preventing disease and protecting the public.

    It will be used in the expansion of NHS England’s Respiratory Metagenomics programme, being led by Guy’s and St Thomas’ NHS Foundation Trust (GSTT). It uses samples from patients with severe respiratory infections and rapid genetic testing to match those patients with the right treatments within 6 hours.

    This novel and world-leading application, developed in partnership with the NHS, will allow potential outbreaks of bacterial or viral diseases to be monitored alongside antimicrobial resistance across the country. 

    Following an initial successful pilot at St Thomas’ Hospital, the technology will now be rolled out from 10 to up to 30 NHS sites to address the current time lag between new pathogens emerging in the UK and action being taken to both treat affected patients and to prevent their spread, which will benefit people everywhere.

    Health and Social Care Secretary Wes Streeting said:

    If we fail to prepare, we should prepare to fail. Our NHS was already on its knees when the pandemic struck, and it was hit harder than any other comparable healthcare system.

    We cannot let history repeat itself. That’s why this historic partnership with Oxford Nanopore will ensure our world-leading scientists have the latest information on emerging threats at their fingertips.

    As we embrace the technological revolution, our 10-Year Health Plan will shift the NHS away from analogue to digital, saving countless more lives.

    Science and Technology Secretary Peter Kyle said:

    During the Covid pandemic, we saw the power of the UK life sciences sector very clearly, from the Oxford-Astra Zeneca vaccine that saved so many lives, through to operating one of the world’s most effective Covid surveillance systems, which spotted several emerging variants of the disease.

    This partnership will build on that expertise to monitor emerging diseases as they arise, putting our scientists and decision-makers one-step ahead and providing the information they need to make informed decisions.

    Together with the ability to better diagnose cancers and rare diseases, we are leveraging UK life sciences to protect the public and ultimately save lives.

    Professor Susan Hopkins, Chief Medical Advisor at UK Health Security Agency, said:

    Early detection is absolutely crucial in enabling us to respond effectively to any emerging pathogen. The UK already has a wealth of expertise in genomic surveillance, and this programme will build on that expertise and enable us to bring our resources and capability to tackle developing threats at greater speed. Enhancing the capacity for the NHS to determine new and emerging pathogens causing severe acute respiratory infections will improve the detection and emergence of infections.

    As part of the 100 days mission, this will enable the development of effective diagnostics for novel pathogens and enhance our pandemic preparedness.

    Oxford Nanopore CEO Gordon Sanghera said:

    The UK has a remarkable life science ecosystem, and we are delighted to be working more closely with the UK government and the NHS in this collaboration.

    The world-renowned Genomics England and UK Biobank have led the way in scaling genomics discovery and translating these advances into patient impact.

    By working alongside our partners on shared goals of improved patient outcomes – whether in cancer, genetic disease or infectious disease – and pandemic preparedness, we believe we can deploy our unique DNA sequencing technology in ways that are most impactful for the people of the UK.

    Professor Ian Abbs, chief executive of Guy’s and St Thomas’ NHS Foundation Trust, said:

    We’ve been working on the respiratory metagenomics programme for over 4 years and have clearly seen the benefit to our patients. It’s a momentous day now that we can ensure other hospitals, and more patients, can also benefit from faster and more accurate treatment for severe respiratory conditions thanks to new genomic technology.

    As part of the expansion to the metagenomics programme, the data gathered using Oxford Nanopore’s technology will be provided to the UK Health and Security Agency, allowing quicker detection and action on emerging infectious diseases to be taken.

    The collaboration between the government and Oxford Nanopore – which will also join up Genomics England and UK Biobank with NHS England – is another key vote of confidence in the UK’s life sciences sector, which will help kickstart economic growth and support the 10-Year Health Plan’s ambition to shift the health service from analogue to digital and from sickness to prevention, helping keep patients out of hospital. 

    Genomics England will work strategically with Oxford Nanopore to further insights from the data they hold, including on cancer and rare diseases, to enable future breakthroughs in identifying genomic mutations that may be treatable and preventing these devastating conditions. UK Biobank will also continue to work with Oxford Nanopore and the government to improve the insights from their data and translate these into impact for NHS patients.

    Along with the vast benefits to patients, this work will drive economic growth, supporting the expansion of one of our most promising life sciences companies. 

    This partnership comes hot on the heels of the Budget, where the government announced investment of £40m over 5 years in a Proof of Concept Fund for spinouts, companies formed based on academic research generated within and owned by a university. 

    This will build on the excellent example set by Oxford Nanopore, one of the UK’s most successful spinout companies, having been founded at Oxford University in 2005. This fund could help to unleash a raft of innovative new spinouts like Oxford Nanopore, helping to drive job creation and economic growth.

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    Updates to this page

    Published 5 November 2024

    MIL OSI United Kingdom –

    January 26, 2025
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