Category: Transport

  • MIL-OSI Russia: The government has identified new areas of interaction between volunteers and government bodies

    Translation. Region: Russian Federation –

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

    Resolution of January 24, 2025 No. 40

    Document

    Resolution of January 24, 2025 No. 40

    In Russia, the list of types of volunteer activities that can be carried out in cooperation with government bodies has been expanded. The decree on this was signed by Prime Minister Mikhail Mishustin.

    Now volunteers and authorities will be able to work together in two new areas. The first of these includes environmental protection, activities in specially protected natural areas, conservation of flora and fauna, and prevention of violations of environmental legislation.

    The second area of cooperation is the prevention of neglect and juvenile delinquency, as well as the prevention of socially dangerous forms of behavior by citizens.

    The solution will allow volunteers to interact more effectively with government agencies, local governments and their subordinate structures.

    The list of types of volunteer activities that can be carried out in cooperation with the state was approved in 2018. Until now, it included four areas of work that involve assisting volunteers in providing medical care, social services, protecting the population and territories from emergency situations, ensuring fire safety and the safety of people on water bodies.

    The signed resolution is part of the plan to implement the Concept for Promoting the Development of Volunteering in Russia. It was approved in February 2024.

    The signed document introduces changes toGovernment Resolution of November 28, 2018 No. 1425.

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

    MIL OSI Russia News

  • MIL-OSI Asia-Pac: Prime Minister Shri Narendra Modi launches & inaugurates multiple projects of Ministry of Ayush on the occasion of Dhanvantari Jayanti & the 9th Ayurveda Day here today

    Source: Government of India

     Prime Minister Shri Narendra Modi launches & inaugurates multiple projects of Ministry of Ayush on the occasion of Dhanvantari Jayanti & the 9th Ayurveda Day here today

    PM Modi Inaugurates Phase II of India’s First All India Institute of Ayurved in Delhi; total cost of ₹Project cost is 274.58 Crore

    Prime Minister launches Nationwide Campaign “Desh Ka Prakriti ParikshanAbhiyan” to promote Health Awareness among Citizens

    Prime Minister inaugurates 4 Centers of Excellence in Ayush

    PM lays Foundation Stone for 2 Yoga & Naturopathy Institutes in Odisha & Chhattisgarh

    Country had witnessed the beginning of a new chapter in the health sector with the amalgamation of knowledge of Ayurveda with modern medicine: Shri Narendra Modi

    Efforts of PM Shri Narendra Modi have significantly contributed to the global prominence of Ayurveda in health: Shri Parataprao Jadhav, Minister of State (Independent Charge) Ayush

    Posted On: 29 OCT 2024 8:31PM by PIB Delhi

    On the occasion of Dhanvantari Jayanti and the 9th Ayurveda Day, Prime Minister Shri Narendra Modi launched, inaugurated, and laid the foundation stone of multiple health sector projects worth around ₹12,850 crore at the All-India Institute of Ayurveda (AIIA), New Delhi. Shri J.P. Nadda, Union Minister for Health and Family Welfare & Chemicals & Fertilizers; Dr. Mansukh Mandaviya, Minister of Labour and Employment & Youth Affairs and Sports, Vaidya Rajesh Kotecha,Secretary Ayush, Dr. Manoj Nesari (Advisor, Ayush), and others dignitaries were present on the occasion.

    Among the projects launched under the ministry of Ayush, the Prime Minister inaugurated Phase II of India’s First All-India Institute of Ayurveda. This phase, a significant project with a total cost of ₹258.73 crore, includes key features such as a 150-bed Panchakarma hospital, an Ayurvedic pharmacy for drug manufacturing, a sports medicine unit, a central library, an IT and start-ups center, a 500-seat auditorium, and guest houses for both general and international visitors.

    Moreover, to capitalize on the growing interest of the international community in Indian health and wellness solutions, especially yoga, and to boost R&D in the domain, the Prime Minister laid the foundation stones of two Central Research Institutes in Yoga and Naturopathy (CRIYNs) at Khorda (Odisha) and Raipur (Chhattisgarh), along with other significant projects. Additionally, the Prime Minister launched four Ayush Centres of Excellence (CoEs), each targeting specific areas in health research and innovation.  ​Centre of Excellence for Diabetes and Metabolic Disorders at the Indian Institute of Science, Bengaluru, focused on prediabetes and diabetes research and Ayurvedic formulation validation; ​Centre of Excellence in Sustainable Ayush at IIT Delhi, dedicated to developing advanced technological solutions, supporting start-ups, and creating net-zero sustainable solutions for Rasaushadhis; ​Centre of Excellence for Fundamental and Translational Research in Ayurveda at CDRI Lucknow, focused on advanced research in Ayurvedic botanicals like Ashwagandha; Centre of Excellence on Ayurveda and Systems Medicine at JNU, New Delhi, aimed at researching the molecular mechanisms of Ayurvedic treatments for rheumatoid arthritis using systems medicine.

     

    The Prime Minister also launched “Desh Ka PrakritiParikshan Abhiyan,” a nationwide campaign promoting health awareness and highlighting the importance of holistic well-being as part of daily life. Led by Shri Prataprao Jadhav, Union Minister of State (I/C), Ministry of Ayush, with 4,70,000 dedicated volunteers, this campaign aims to revolutionize health awareness efforts among citizens and will also attempt multiple Guinness World Records.

     

    Addressing the gathering, the Prime Minister underscored that in the past decade, the country had witnessed the beginning of a new chapter in the health sector with the amalgamation of knowledge of Ayurveda with modern medicine. He added that the All India Institute of Ayurveda has been a focal point of this new chapter. Shri Narendra Modi remarked that seven years ago, on Ayurveda Day, he had the privilege to dedicate the first phase of the institute to the country, and today, with the blessings of Lord Dhanvantari, he was inaugurating the second phase.

    The Prime Minister stated that 7.5 lakh registered Ayush practitioners are already contributing to the nation’s healthcare. He stressed the need to increase this number further and highlighted the growing demand for medical and wellness tourism in India. He emphasized the need for youth and Ayush practitioners to prepare for expanding fields such as preventive cardiology, Ayurvedic orthopedics, and Ayurvedic rehabilitation centers, both in India and abroad. “Immense opportunities are being created for Ayushpractitioners,” he added.

    Prime Minister Shri Narendra Modi underscored the importance of validating traditional herbs like Ashwagandha, turmeric, and black pepper through high-impact scientific studies. “Lab validation of our traditional healthcare systems will not only increase the value of these herbs but also create a significant market,” he remarked, noting the rising demand for Ashwagandha, which is projected to reach USD 2.5 billion by the end of this decade.

    Underlining that the success of Ayush is transforming not only the health sector but also the economy, the Prime Minister stated that the Ayush manufacturing sector has grown from USD 3 billion in 2014 to nearly USD 24 billion today, an 8-fold increase in just 10 years.

    Speaking on the occasion, Union Minister of State (Independent Charge) Ayush and Minister of State, Health & Family Welfare Shri Prataprao Jadhav said, “The essence of Ayurveda is rooted in the principle, ‘Sarve BhavantuSukhinah, Sarve Santu Niramayah.’ A recent survey on Ayush revealed that nearly 95% of the rural and 96% of the urban populations are aware of Ayush. These results are highly encouraging, and I am confident that this awareness will continue to grow. Prime Minister, you will be pleased to know that Ayurveda Day is celebrated today in over 150 countries”. The Ayush minister said that the efforts of the Prime Minister have significantly contributed to the global prominence of Ayurveda in health and since 2014 Ayurveda has reached new heights under his exemplary leadership.

    The Union Minister of State for Ayush added that “With the support of Ayurveda students, teachers, and professionals, we are launching a nationwide campaign called ‘Desh Ka Prakriti Parikshan’. Through this campaign, based on the principles of Ayurveda, we can design an ideal lifestyle for every individual and conduct risk analysis to prevent diseases before they strike. In this direction, a positive approach can redefine our health sector.”

    Thanking the Prime Minister for inaugurating the second phase of AIIA, Prof. (Dr.) Tanuja Nesari, Director, AIIA, said, “On this auspicious day of Dhanvantari Jayanti, the day of worshiping Lord Dhanvantari, the deity of health, we seek blessings for health as the greatest wealth. This is why we celebrate Dhanvantari Day as Ayurveda Day—acknowledging Ayurveda as a divine blessing from Lord Dhanvantari that brings both health and happiness. Today, it is a matter of great pride for the All India Institute of Ayurveda that our esteemed Prime Minister Shri Narendra Modi inaugurated the second phase of our institute, equipped with modern facilities and spread across 4.5 acres. This phase involves an investment of ₹275 crore.”

    The All India Institute of Ayurveda (AIIA) became the nodal agency for the 9th Ayurveda Day celebrations. Under the Ministry of Ayush, AIIA organized several initiatives to celebrate the event, including a marathon, selfie points, webinars, and health

     

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    MV/AKS

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    MIL OSI Asia Pacific News

  • MIL-OSI Asia-Pac: REPLICAS OF KONARK WHEELS AT RASHTRAPATI BHAVAN

    Source: Government of India

    Posted On: 29 OCT 2024 7:45PM by PIB Delhi

    Four replicas of the Konark wheels, made of sandstone, have been installed at Rashtrapati Bhavan Cultural Centre and Amrit Udyan. Installation of Konark wheels aims to showcase and promote rich heritage of the country among visitors. This initiative is part of the several steps being taken to introduce traditional cultural and historical elements in Rashtrapati Bhavan.

     

    The Konark Sun Temple, a UNESCO World Heritage Site, is the culmination of Odishan temple architecture.  It was built in the shape of a colossal chariot carrying the Sun God. The Konark wheels are symbols of India’s cultural legacy.

     

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    MJPS

    (Release ID: 2069343) Visitor Counter : 46

    MIL OSI Asia Pacific News

  • MIL-OSI: Medallion Bank Reports 2024 Third Quarter Results and Declares Series F Preferred Stock Dividend

    Source: GlobeNewswire (MIL-OSI)

    SALT LAKE CITY, Oct. 29, 2024 (GLOBE NEWSWIRE) — Medallion Bank (Nasdaq: MBNKP, the “Bank”), an FDIC-insured bank specializing in consumer loans for the purchase of recreational vehicles, boats, and home improvements, as well as loan products and services offered through fintech strategic partners, today announced its results for the quarter ended September 30, 2024. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN).

    2024 Third Quarter Highlights

    • Net income of $15.5 million, compared to $17.2 million in the prior year quarter.
    • Net interest income of $53.2 million, compared to $48.7 million in the prior year quarter.
    • Net interest margin of 8.44%, compared to 8.70% in the prior year quarter.
    • Total provision for credit losses was $20.2 million, compared to $14.0 million in the prior year quarter. Total provision for credit losses included $2.2 million of net taxi medallion recoveries, compared to $1.7 million of net taxi medallion recoveries in the prior year quarter.
    • Annualized net charge-offs were 2.31% of average loans outstanding, compared to 1.97% in the prior year quarter.
    • Annualized return on assets and return on equity were 2.47% and 16.72%, respectively, compared to 3.06% and 20.46% for the prior year period.
    • The total loan portfolio grew 13% from September 30, 2023 to $2.4 billion as of September 30, 2024.
    • Total assets were $2.6 billion and the Tier 1 leverage ratio was 15.66% at September 30, 2024.

    Donald Poulton, President and Chief Executive Officer of Medallion Bank, stated, “Earnings grew over the sequential quarter as combined recreation and home improvement loan origination volumes reached their anticipated peak for 2024. Net interest income rose to $53 million on more than $72 million of total interest income. As is typical for the time of year, delinquency rose compared to the second quarter while the net charge-off rate was essentially flat. Aided by the new fintech relationship announced in September, we originated $40 million in loans through our fintech strategic partners during the quarter. The strategic partnership program, which we have approached with caution and patience, is expected to grow steadily in the coming periods as our partners grow. Though overall demand for our products remains strong, we continue to prioritize credit quality and managed growth that maintains our market position.”

    Recreation Lending Segment

    • The Bank’s recreation loan portfolio grew 15% to $1.555 billion as of September 30, 2024, compared to $1.346 billion at September 30, 2023. Loan originations were $139.1 million, compared to $92.6 million in the prior year quarter.
    • Net interest income was $40.2 million, compared to $36.5 million in the prior year quarter.
    • Recreation loans were 65% of loans receivable as of September 30, 2024, compared to 64% at September 30, 2023.
    • Delinquencies 30 days or more past due were $64.6 million, or 4.15%, of recreation loans as of September 30, 2024, compared to $51.4 million, or 3.82%, at September 30, 2023.
    • Annualized net charge-offs were 3.18% of average recreation loans outstanding, compared to 2.67% in the prior year quarter.
    • The provision for recreation credit losses was $17.5 million and the allowance for credit losses was 4.53% of the outstanding balance, compared to $11.9 million and 4.24% of the outstanding balance in the prior year quarter.

    Home Improvement Lending Segment

    • The Bank’s home improvement loan portfolio grew 8% to $814.1 million as of September 30, 2024, compared to $750.5 million at September 30, 2023. Loan originations were $96.5 million, compared to $79.3 million in the prior year quarter.
    • Net interest income was $12.6 million, compared to $11.9 million in the prior year quarter.
    • Home improvement loans were 34% of loans receivable as of September 30, 2024, compared to 36% at September 30, 2023.
    • Delinquencies 30 days or more past due were $8.3 million, or 1.02%, of home improvement loans as of September 30, 2024, compared to $6.8 million, or 0.90%, at September 30, 2023.
    • Annualized net charge-offs were 1.76% of average home improvement loans outstanding, compared to 1.61% in the prior year quarter.
    • The provision for home improvement credit losses was $4.9 million and the allowance for credit losses was 2.42% of the outstanding balance, compared to $3.9 million and 2.31% of the outstanding balance in the prior year quarter.

    Series F Preferred Stock Dividend

    On October 24, 2024, the Bank’s Board of Directors declared a quarterly cash dividend of $0.50 per share on the Bank’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F, which trades on the Nasdaq Capital Market under the ticker symbol “MBNKP.” The dividend is payable on January 2, 2025, to holders of record at the close of business on December 16, 2024.

    About Medallion Bank

    Medallion Bank specializes in providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech strategic partners. The Bank works directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a Utah-chartered, FDIC-insured industrial bank headquartered in Salt Lake City and is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN).

    For more information, visit www.medallionbank.com 

    Please note that this press release contains forward-looking statements that involve risks and uncertainties relating to business performance, cash flow, costs, sales, net investment income, earnings, returns and growth. These statements are often, but not always, made through the use of words or phrases such as “remains,” “anticipated,” “expected,” “continue,” “maintain” or the negative versions of these words or other comparable words or phrases of a future or forward-looking nature. These statements may relate to our future earnings, returns, capital levels, sources of funding, growth prospects, asset quality and pursuit and execution of our strategy. Medallion Bank’s actual results may differ significantly from the results discussed in such forward-looking statements. For a description of certain risks to which Medallion Bank is or may be subject, please refer to the factors discussed under the captions “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” included in Medallion Bank’s Form 10-K for the year ended December 31, 2023, and in its Quarterly Reports on Form 10-Q, filed with the FDIC. Medallion Bank’s Form 10-K, Form 10-Qs and other FDIC filings are available in the Investor Relations section of Medallion Bank’s website. Medallion Bank’s financial results for any period are not necessarily indicative of Medallion Financial Corp.’s results for the same period.  

    Company Contact:
    Investor Relations
    212-328-2176
    InvestorRelations@medallion.com 

    MEDALLION BANK
    STATEMENTS OF OPERATIONS
    (UNAUDITED)
     
      Three Months Ended September 30,   Nine Months Ended September 30,
    (In thousands) 2024   2023   2024   2023
    Total interest income $ 72,352   $ 62,193   $ 202,079   $ 173,414
    Total interest expense   19,193     13,446     50,470     33,384
    Net interest income   53,159     48,747     151,609     140,030
    Provision for credit losses   20,153     14,024     55,345     26,740
    Net interest income after provision for credit losses   33,006     34,723     96,264     113,290
    Other non-interest income   645     968     2,116     1,263
    Non-interest expense              
    Salaries and benefits   5,035     5,024     14,971     14,004
    Loan servicing   3,158     3,007     9,074     8,723
    Collection costs   1,604     1,509     4,578     4,473
    Regulatory fees   961     1,021     2,826     2,484
    Professional fees   368     450     1,185     1,612
    Information technology   317     252     858     750
    Occupancy and equipment   193     211     626     625
    Other   875     839     2,685     2,705
    Total non-interest expense   12,511     12,313     36,803     35,376
    Income before income taxes   21,140     23,378     61,577     79,177
    Provision for income taxes   5,661     6,222     16,583     21,268
    Net income $ 15,479   $ 17,156   $ 44,994   $ 57,909
    Less: Preferred stock dividends   1,512     1,512     4,535   $ 4,535
    Net income attributable to common shareholder $ 13,967   $ 15,644   $ 40,459   $ 53,374
     
    MEDALLION BANK
    BALANCE SHEETS
    (UNAUDITED)
     
    (In thousands) September 30, 2024   December 31, 2023   September 30, 2023
    Assets          
    Cash and federal funds sold $ 148,446     $ 110,043     $ 100,192  
    Investment securities, available-for-sale   56,754       54,282       53,175  
    Loans, inclusive of net deferred loan acquisition cost and fees   2,374,673       2,100,338       2,101,786  
    Allowance for credit losses   (90,784 )     (79,283 )     (75,094 )
    Loans, net   2,283,889       2,021,055       2,026,692  
    Loan collateral in process of foreclosure   3,424       4,165       7,658  
    Fixed assets and right-of-use lease assets, net   9,275       8,140       7,705  
    Deferred tax assets   13,338       12,761       11,634  
    Accrued interest receivable   14,013       13,439       13,405  
    Other assets   38,472       38,171       37,595  
    Total assets $ 2,567,611     $ 2,262,056     $ 2,258,056  
    Liabilities and Shareholders’ Equity          
    Liabilities          
    Deposits and other funds borrowed $ 2,143,132     $ 1,866,657     $ 1,865,096  
    Accrued interest payable   4,880       4,029       3,052  
    Income tax payable   25,559       21,219       30,472  
    Other liabilities   17,301       17,509       18,397  
    Due to affiliates   1,038       849       942  
    Total liabilities   2,191,910       1,910,263       1,917,959  
    Shareholder’s Equity          
    Series E Preferred stock   26,303       26,303       26,303  
    Series F Preferred stock   42,485       42,485       42,485  
    Common stock   1,000       1,000       1,000  
    Additional paid in capital   77,500       77,500       77,500  
    Accumulated other comprehensive loss, net of tax   (3,080 )     (4,529 )     (5,794 )
    Retained earnings   231,493       209,034       198,603  
    Total shareholders’ equity   375,701       351,793       340,097  
    Total liabilities and shareholders’ equity $ 2,567,611     $ 2,262,056     $ 2,258,056  

    The MIL Network

  • MIL-OSI: Expand Energy Corporation Reports Third Quarter 2024 Results, Provides Preliminary 2025 Capital and Operating Plan and Announces Enhanced Capital Return Framework

    Source: GlobeNewswire (MIL-OSI)

    OKLAHOMA CITY, Oct. 29, 2024 (GLOBE NEWSWIRE) — Expand Energy Corporation (NASDAQ: EXE) (“Expand Energy” or the “company”) today reported third quarter 2024 financial and operating results. In addition, the company provided its preliminary 2025 capital and operating plan and announced details regarding its enhanced capital return framework. On October 1, 2024, Expand Energy announced the completion of the previously disclosed merger between Chesapeake Energy Corporation (“Chesapeake”) and Southwestern Energy Company (“Southwestern”).

    Legacy Chesapeake Third Quarter Highlights

    • Net cash provided by operating activities of $422 million
    • Net loss of $114 million, or $0.85 per fully diluted share; adjusted net income(1)of $22 million, or $0.16 per share
    • Adjusted EBITDAX(1)of $365 million
    • Produced approximately 2.65 bcf/d net (100% natural gas)

    Expand Energy Highlights

    • Raised annual synergy target by $100 million; expected to achieve approximately $225 million in 2025 and approximately $500 million in annual synergies by year end 2027
    • Upgraded at the start of fourth quarter to Investment Grade credit rating from S&P (BBB-) and Fitch (BBB-)
    • Quarterly base dividend of $0.575 per common share to be paid in December 2024, 15th straight quarter paying a dividend
    • 2025 capital expenditures expected to be approximately $2.7 billion, yielding net production of approximately 7 bcf/day (~91% natural gas)
    • Enhanced capital return framework to more effectively return cash to shareholders and reduce net debt; announced new $1 billion share repurchase authorization

    (1) Definitions of non-GAAP financial measures and reconciliations of each non-GAAP financial measure to the most directly comparable GAAP financial measure are included at the end of this news release.

    “Our strong third quarter results, recent Investment Grade rating and preliminary 2025 outlook demonstrate the power of our advantaged portfolio and resilient financial foundation,” said Nick Dell’Osso, Expand Energy’s President and Chief Executive Officer. “Our integration efforts are already delivering, allowing us to raise our annual synergy expectations by 25% to $500 million, as we drive to lower our breakeven costs and more efficiently reach markets in need. As the largest domestic producer of natural gas, and a top producer globally, we are built to answer the call for affordable, reliable, lower carbon energy and expand opportunity for all stakeholders.”
    Operations Update

    In the third quarter, legacy Chesapeake operated an average of seven rigs to drill 30 wells and turned seven wells in line, resulting in net production of approximately 2.65 bcfe per day (100% natural gas). Additionally, the company built an inventory of 18 drilled but uncompleted (“DUCs”) wells and 12 deferred turn in lines (“TILs”). A detailed breakdown of third quarter production, capital expenditures and activity can be found in supplemental slides which have been posted at https://investors.expandenergy.com/events-presentations.

    Expand Energy continues to execute its previously disclosed plan to defer completions and new TILs. As of October 1, 2024, the combined company had 58 DUCs, excluding working inventory, and 58 deferred TILs. The company intends to prudently activate production as market conditions warrant.

    Expand Energy is currently running 12 rigs (8 in Haynesville, 2 in Northeast Appalachia, and 2 in Southwest Appalachia) and 6 completion crews (3 in Haynesville, 2 in Northeast Appalachia, and 1 in Southwest Appalachia). At current market conditions, the company expects to drop two rigs in the first quarter of 2025.

    Annual Synergy Outlook and Preliminary 2025 Capital & Operating Program

    Expand Energy increased its expected annual synergy outlook by $100 million to $500 million. The company expects to achieve approximately $225 million in synergies in 2025 and to achieve the full $500 million in annual synergies by year end 2027.

    In 2025, at current market conditions, the company expects to run 10 to 12 rigs and invest approximately $2.7 billion yielding an estimated daily production of approximately 7 bcfe per day. Expand Energy will provide complete guidance in early 2025.

    Shareholder Returns Update

    Expand Energy plans to pay its quarterly base dividend of $0.575 per share on December 4, 2024 to shareholders of record at the close of business on November 14, 2024.

    The company announced today its enhanced capital return framework which is designed to more effectively return cash to shareholders and reduce net debt. The plan is expected to go into effect January 1, 2025, and prioritizes the base dividend of $2.30 per share and $500 million of annual net debt reduction. Once both have been funded, it is anticipated that 75% of remaining free cash flow be distributed as market conditions warrant, between share repurchases and additional dividend payments. The remaining free cash flow would be maintained on the balance sheet.

    In conjunction with the enhanced framework, Expand Energy’s Board of Directors approved a $1 billion repurchase authorization.

    Conference Call Information

    A conference call to discuss the results and preliminary 2025 plan has been scheduled for 9 a.m. EDT on October 30, 2024. Participants can view the live webcast here. Participants who would like to ask a question, can register here, and will receive the dial-in info and a unique PIN to join the call. Links to the conference call will be provided on Expand Energy’s website. A replay will be available on the website following the call.

    Financial Statements, Non-GAAP Financial Measures and 2024 Guidance and Outlook Projections

    Reconciliations of each non-GAAP financial measure used in this news release to the most directly comparable GAAP financial measure are provided below. Additional detail on the company’s 2024 third quarter financial and operational results, along with non-GAAP measures that adjust for items typically excluded by certain securities analysts, are available on the company’s website. Non-GAAP measures should not be considered as an alternative to GAAP measures. Management’s updated guidance for 2024 and preliminary plan for 2025 can be found on the company’s website at www.expandenergy.com.

    Expand Energy Corporation (NASDAQ: EXE) is the largest independent natural gas producer in the United States, powered by dedicated and innovative employees focused on disrupting the industry’s traditional cost and market delivery model to responsibly develop assets in the nation’s most prolific natural gas basins. Expand Energy’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its scale, financial strength and operational execution. Expand Energy is committed to expanding America’s energy reach to fuel a more affordable, reliable, lower carbon future.

    Forward-Looking Statements

    This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include our current expectations or forecasts of future events, including matters relating to the combined company after the merger with Southwestern Energy Company (“Southwestern”), armed conflict and instability in Europe and the Middle East, along with the effects of the current global economic environment, and the impact of each on our business, financial condition, results of operations and cash flows, actions by, or disputes among or between, members of OPEC+ and other foreign oil-exporting countries, market factors, market prices, our ability to meet debt service requirements, our ability to continue to pay cash dividends, the amount and timing of any cash dividends and our ESG initiatives. Forward-looking and other statements in this release regarding our environmental, social and other sustainability plans and goals are not an indication that these statements are necessarily material to investors or required to be disclosed in our filings with the SEC. In addition, historical, current, and forward-looking environmental, social and sustainability-related statements may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that are subject to change in the future. Forward-looking statements often address our expected future business, financial performance and financial condition, and often contain words such as “expect,” “could,” “may,” “anticipate,” “intend,” “plan,” “ability,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “guidance,” “outlook,” “opportunity” or “strategy.” The absence of such words or expressions does not necessarily mean the statements are not forward-looking.

    Although we believe the expectations and forecasts reflected in our forward-looking statements are reasonable, they are inherently subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. No assurance can be given that such forward-looking statements will be correct or achieved or that the assumptions are accurate or will not change over time. Particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include:

    • conservation measures and technological advances could reduce demand for natural gas and oil;
    • negative public perceptions of our industry;
    • competition in the natural gas and oil exploration and production industry;
    • the volatility of natural gas, oil and NGL prices, which are affected by general economic and business conditions, as well as increased demand for (and availability of) alternative fuels and electric vehicles;
    • risks from regional epidemics or pandemics and related economic turmoil, including supply chain constraints;
    • write-downs of our natural gas and oil asset carrying values due to low commodity prices;
    • significant capital expenditures are required to replace our reserves and conduct our business;
    • our ability to replace reserves and sustain production;
    • uncertainties inherent in estimating quantities of natural gas, oil and NGL reserves and projecting future rates of production and the amount and timing of development expenditures;
    • drilling and operating risks and resulting liabilities;
    • our ability to generate profits or achieve targeted results in drilling and well operations;
    • leasehold terms expiring before production can be established;
    • risks from our commodity price risk management activities;
    • uncertainties, risks and costs associated with natural gas and oil operations;
    • our need to secure adequate supplies of water for our drilling operations and to dispose of or recycle the water used;
    • pipeline and gathering system capacity constraints and transportation interruptions;
    • our plans to participate in the LNG export industry;
    • terrorist activities and/or cyber-attacks adversely impacting our operations;
    • risks from failure to protect personal information and data and compliance with data privacy and security laws and regulations;
    • disruption of our business by natural or human causes beyond our control;
    • a deterioration in general economic, business or industry conditions;
    • the impact of inflation and commodity price volatility, including as a result of armed conflict and instability in Europe and the Middle East, along with the effects of the current global economic environment, on our business, financial condition, employees, contractors, vendors and the global demand for natural gas and oil and on U.S. and global financial markets;
    • our inability to access the capital markets on favorable terms;
    • the limitations on our financial flexibility due to our level of indebtedness and restrictive covenants from our indebtedness;
    • our actual financial results after emergence from bankruptcy may not be comparable to our historical financial information;
    • risks related to acquisitions or dispositions, or potential acquisitions or dispositions, including risks related to the merger with Southwestern, such as risks related to loss of management personnel, other key employees, customers, suppliers, vendors, landlords, joint venture partners and other business partners following the merger; risks related to disruption of management time from ongoing business operations due to integration; the risk of any litigation relating to the transaction; the risk that problems may arise in successfully integrating the businesses of the companies, which may result in the combined company not operating as effectively and efficiently as expected; and the risk that the combined company may be unable to achieve synergies or other anticipated benefits of the transaction or it may take longer than expected to achieve those synergies or benefits;
    • our ability to achieve and maintain ESG certifications, goals and commitments;
    • legislative, regulatory and ESG initiatives, addressing environmental concerns, including initiatives addressing the impact of global climate change or further regulating hydraulic fracturing, methane emissions, flaring or water disposal;
    • federal and state tax proposals affecting our industry;
    • risks related to an annual limitation on the utilization of our tax attributes, as well as trading in our common stock, additional issuance of common stock, and certain other stock transactions, which could lead to an additional, potentially more restrictive, annual limitation; and
    • other factors that are described under Risk Factors in Item 1A of Part I of our Annual Report on Form 10-K.

    We caution you not to place undue reliance on the forward-looking statements contained in this release, which speak only as of the filing date, and we undertake no obligation to update this information. We urge you to carefully review and consider the disclosures in this release and our filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business.

    CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)
     
    ($ in millions, except per share data) September 30, 2024   December 31, 2023
    Assets      
    Current assets:      
    Cash and cash equivalents $ 1,044     $ 1,079  
    Restricted cash   76       74  
    Accounts receivable, net   261       593  
    Derivative assets   199       637  
    Other current assets   217       226  
    Total current assets   1,797       2,609  
    Property and equipment:      
    Natural gas and oil properties, successful efforts method      
    Proved natural gas and oil properties   12,373       11,468  
    Unproved properties   1,806       1,806  
    Other property and equipment   518       497  
    Total property and equipment   14,697       13,771  
    Less: accumulated depreciation, depletion and amortization   (4,743 )     (3,674 )
    Total property and equipment, net   9,954       10,097  
    Long-term derivative assets   15       74  
    Deferred income tax assets   1,038       933  
    Other long-term assets   588       663  
    Total assets $ 13,392     $ 14,376  
           
    Liabilities and stockholders’ equity      
    Current liabilities:      
    Accounts payable $ 264     $ 425  
    Accrued interest   41       39  
    Derivative liabilities   5       3  
    Other current liabilities   589       847  
    Total current liabilities   899       1,314  
    Long-term debt, net   2,017       2,028  
    Long-term derivative liabilities         9  
    Asset retirement obligations, net of current portion   271       265  
    Other long-term liabilities   17       31  
    Total liabilities   3,204       3,647  
    Contingencies and commitments      
    Stockholders’ equity:      
    Common stock, $0.01 par value, 450,000,000 shares authorized: 135,107,576 and 130,789,936 shares issued   1       1  
    Additional paid-in capital   5,778       5,754  
    Retained earnings   4,409       4,974  
    Total stockholders’ equity   10,188       10,729  
    Total liabilities and stockholders’ equity $ 13,392     $ 14,376  
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
     
      Three Months Ended
    September 30,
      Nine Months Ended
    September 30,
        2024       2023       2024       2023  
    ($ in millions, except per share data)              
    Revenues and other:              
    Natural gas, oil and NGL $ 407     $ 682     $ 1,374     $ 2,784  
    Marketing   193       724       641       1,987  
    Natural gas and oil derivatives   46       106       207       1,195  
    Gains on sales of assets   2             12       807  
    Total revenues and other   648       1,512       2,234       6,773  
    Operating expenses:              
    Production   50       73       158       293  
    Gathering, processing and transportation   152       192       479       663  
    Severance and ad valorem taxes   11       27       58       136  
    Exploration   2       4       7       19  
    Marketing   192       723       656       1,985  
    General and administrative   39       29       133       95  
    Separation and other termination costs               23       3  
    Depreciation, depletion and amortization   335       382       1,082       1,148  
    Other operating expense, net   22       3       55       15  
    Total operating expenses   803       1,433       2,651       4,357  
    Income (loss) from operations   (155 )     79       (417 )     2,416  
    Other income (expense):              
    Interest expense   (20 )     (23 )     (59 )     (82 )
    Losses on purchases, exchanges or extinguishments of debt               (2 )      
    Other income   17       15       58       48  
    Total other income (expense)   (3 )     (8 )     (3 )     (34 )
    Income (loss) before income taxes   (158 )     71       (420 )     2,382  
    Income tax expense (benefit)   (44 )     1       (105 )     532  
    Net income (loss) $ (114 )   $ 70     $ (315 )   $ 1,850  
    Earnings (loss) per common share:              
    Basic $ (0.85 )   $ 0.53     $ (2.39 )   $ 13.86  
    Diluted $ (0.85 )   $ 0.49     $ (2.39 )   $ 12.90  
    Weighted average common shares outstanding (in thousands):              
    Basic   133,794       132,153       131,958       133,460  
    Diluted   133,794       142,348       131,958       143,463  
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited)
     
      Three Months Ended
    September 30,
      Nine Months Ended
    September 30,
    ($ in millions)   2024       2023       2024       2023  
    Cash flows from operating activities:              
    Net income (loss) $ (114 )   $ 70     $ (315 )   $ 1,850  
    Adjustments to reconcile net income (loss) to net cash provided by operating activities:              
    Depreciation, depletion and amortization   335       382       1,082       1,148  
    Deferred income tax expense (benefit)   (44 )     (80 )     (105 )     319  
    Derivative gains, net   (46 )     (106 )     (207 )     (1,195 )
    Cash receipts on derivative settlements, net   207       216       695       167  
    Share-based compensation   10       9       29       25  
    Gains on sales of assets   (2 )           (12 )     (807 )
    Losses on purchases, exchanges or extinguishments of debt               2        
    Other   (9 )     6       (16 )     35  
    Changes in assets and liabilities   85       9       30       368  
    Net cash provided by operating activities   422       506       1,183       1,910  
    Cash flows from investing activities:              
    Capital expenditures   (298 )     (423 )     (1,021 )     (1,450 )
    Receipts of deferred consideration               116        
    Contributions to investments   (26 )     (61 )     (71 )     (149 )
    Proceeds from divestitures of property and equipment   5       4       17       1,967  
    Net cash provided by (used in) investing activities   (319 )     (480 )     (959 )     368  
    Cash flows from financing activities:              
    Proceeds from Credit Facility                     1,125  
    Payments on Credit Facility                     (2,175 )
    Funds held for transition services         (6 )           91  
    Proceeds from warrant exercise               1        
    Debt issuance and other financing costs               (4 )      
    Cash paid to repurchase and retire common stock         (132 )           (313 )
    Cash paid for common stock dividends   (78 )     (77 )     (254 )     (412 )
    Net cash used in financing activities   (78 )     (215 )     (257 )     (1,684 )
    Net increase (decrease) in cash, cash equivalents and restricted cash   25       (189 )     (33 )     594  
    Cash, cash equivalents and restricted cash, beginning of period   1,095       975       1,153       192  
    Cash, cash equivalents and restricted cash, end of period $ 1,120     $ 786     $ 1,120     $ 786  
                   
    Cash and cash equivalents $ 1,044     $ 713     $ 1,044     $ 713  
    Restricted cash   76       73       76       73  
    Total cash, cash equivalents and restricted cash $ 1,120     $ 786     $ 1,120     $ 786  
    NATURAL GAS, OIL AND NGL PRODUCTION AND AVERAGE SALES PRICES (unaudited)
     
      Three Months Ended September 30, 2024
      Natural Gas   Oil   NGL   Total
      MMcf
    per day
      $/Mcf   MBbl
    per day
      $/Bbl   MBbl
    per day
      $/Bbl   MMcfe
    per day
      $/Mcfe
    Marcellus 1,531   1.51           1,531   1.51
    Haynesville 1,116   1.88           1,116   1.88
    Total 2,647   1.67           2,647   1.67
                                   
    Average NYMEX Price     2.16                      
    Average Realized Price (including realized derivatives)     2.51                   2.51
      Three Months Ended September 30, 2023
      Natural Gas   Oil   NGL   Total
      MMcf
    per day
      $/Mcf   MBbl
    per day
      $/Bbl   MBbl
    per day
      $/Bbl   MMcfe
    per day
      $/Mcfe
    Marcellus 1,734   1.63           1,734   1.63
    Haynesville 1,568   2.15           1,568   2.15
    Eagle Ford 76   2.52   9   82.33   10   25.76   193   6.36
    Total 3,378   1.89   9   82.33   10   25.76   3,495   2.12
                                   
    Average NYMEX Price     2.55       82.26                
    Average Realized Price (including realized derivatives)     2.58       82.33       25.76       2.79
      Nine Months Ended September 30, 2024
      Natural Gas   Oil   NGL   Total
      MMcf
    per day
      $/Mcf   MBbl
    per day
      $/Bbl   MBbl
    per day
      $/Bbl   MMcfe
    per day
      $/Mcfe
    Marcellus 1,601   1.65           1,601   1.65
    Haynesville 1,261   1.88           1,261   1.88
    Total 2,862   1.75           2,862   1.75
                                   
    Average NYMEX Price     2.10                      
    Average Realized Price
    (including realized derivatives)
        2.64                   2.64
      Nine Months Ended September 30, 2023
      Natural Gas   Oil   NGL   Total
      MMcf
    per day
      $/Mcf   MBbl
    per day
      $/Bbl   MBbl
    per day
      $/Bbl   MMcfe
    per day
      $/Mcfe
    Marcellus 1,845   2.24           1,845   2.24
    Haynesville 1,569   2.26           1,569   2.26
    Eagle Ford 96   2.22   26   77.41   12   25.61   323   7.82
    Total 3,510   2.25   26   77.41   12   25.61   3,737   2.73
                                   
    Average NYMEX Price     2.69       77.39                
    Average Realized Price
    (including realized derivatives)
        2.56       72.10       25.61       2.99
    CAPITAL EXPENDITURES ACCRUED (unaudited)
     
      Three Months Ended
    September 30,
      Nine Months Ended
    September 30,
        2024       2023       2024       2023  
    ($ in millions)              
    Drilling and completion capital expenditures:              
    Marcellus $ 82     $ 91     $ 280     $ 324  
    Haynesville   151       191       477       704  
    Eagle Ford         9             222  
    Total drilling and completion capital expenditures   233       291       757       1,250  
    Non-drilling and completion – field   32       48       106       100  
    Non-drilling and completion – corporate   24       18       73       56  
    Total capital expenditures $ 289     $ 357     $ 936     $ 1,406  
    NON-GAAP FINANCIAL MEASURES
     

    As a supplement to the financial results prepared in accordance with U.S. GAAP, Expand Energy’s quarterly earnings releases contain certain financial measures that are not prepared or presented in accordance with U.S. GAAP. These non-GAAP financial measures include Adjusted Net Income, Adjusted Diluted Earnings Per Common Share, Adjusted EBITDAX, Free Cash Flow, Adjusted Free Cash Flow and Net Debt. A reconciliation of each financial measure to its most directly comparable GAAP financial measure is included in the tables below. Management believes these adjusted financial measures are a meaningful adjunct to earnings and cash flows calculated in accordance with GAAP because (a) management uses these financial measures to evaluate the company’s trends and performance, (b) these financial measures are comparable to estimates provided by certain securities analysts, and (c) items excluded generally are one-time items or items whose timing or amount cannot be reasonably estimated. Accordingly, any guidance provided by the company generally excludes information regarding these types of items.

    Expand Energy’s definitions of each non-GAAP measure presented herein are provided below. Because not all companies or securities analysts use identical calculations, Expand Energy’s non-GAAP measures may not be comparable to similarly titled measures of other companies or securities analysts.

    Adjusted Net Income: Adjusted Net Income is defined as net income (loss) adjusted to exclude unrealized (gains) losses on natural gas and oil derivatives, (gains) losses on sales of assets, and certain items management believes affect the comparability of operating results, less a tax effect using applicable rates. Expand Energy believes that Adjusted Net Income facilitates comparisons of the company’s period-over-period performance, which many investors use in making investment decisions and evaluating operational trends and performance. Adjusted Net Income should not be considered an alternative to, or more meaningful than, net income (loss) as presented in accordance with GAAP.

    Adjusted Diluted Earnings Per Common Share: Adjusted Diluted Earnings Per Common Share is defined as diluted earnings (loss) per common share adjusted to exclude the per diluted share amounts attributed to unrealized (gains) losses on natural gas and oil derivatives, (gains) losses on sales of assets, and certain items management believes affect the comparability of operating results, less a tax effect using applicable rates. Expand Energy believes that Adjusted Diluted Earnings Per Common Share facilitates comparisons of the company’s period-over-period performance, which many investors use in making investment decisions and evaluating operational trends and performance. Adjusted Diluted Earnings Per Common Share should not be considered an alternative to, or more meaningful than, earnings (loss) per common share as presented in accordance with GAAP.

    Adjusted EBITDAX: Adjusted EBITDAX is defined as net income (loss) before interest expense, income tax expense (benefit), depreciation, depletion and amortization expense, exploration expense, unrealized (gains) losses on natural gas and oil derivatives, separation and other termination costs, (gains) losses on sales of assets, and certain items management believes affect the comparability of operating results. Adjusted EBITDAX is presented as it provides investors an indication of the company’s ability to internally fund exploration and development activities and service or incur debt. Adjusted EBITDAX should not be considered an alternative to, or more meaningful than, net income (loss) as presented in accordance with GAAP.

    Free Cash Flow: Free Cash Flow is defined as net cash provided by (used in) operating activities less cash capital expenditures. Free Cash Flow is a liquidity measure that provides investors additional information regarding the company’s ability to service or incur debt and return cash to shareholders. Free Cash Flow should not be considered an alternative to, or more meaningful than, net cash provided by (used in) operating activities, or any other measure of liquidity presented in accordance with GAAP.

    Adjusted Free Cash Flow: Adjusted Free Cash Flow is defined as net cash provided by (used in) operating activities less cash capital expenditures and cash contributions to investments, adjusted to exclude certain items management believes affect the comparability of operating results. Adjusted Free Cash Flow is a liquidity measure that provides investors additional information regarding the company’s ability to service or incur debt and return cash to shareholders and is used to determine Expand Energy’s returns framework payout. Adjusted Free Cash Flow should not be considered an alternative to, or more meaningful than, net cash provided by (used in) operating activities, or any other measure of liquidity presented in accordance with GAAP.

    Net Debt: Net Debt is defined as GAAP total debt excluding premiums, discounts, and deferred issuance costs less cash and cash equivalents. Net Debt is useful to investors as a widely understood measure of liquidity and leverage, but this measure should not be considered as an alternative to, or more meaningful than, total debt presented in accordance with GAAP.

    RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED NET INCOME (unaudited)
     
      Three Months Ended
    September 30,
      Nine Months Ended
    September 30,
    ($ in millions)   2024       2023       2024       2023  
    Net income (loss) (GAAP) $ (114 )   $ 70     $ (315 )   $ 1,850  
                   
    Adjustments:              
    Unrealized (gains) losses on natural gas and oil derivatives   160       110       489       (931 )
    Separation and other termination costs               23       3  
    Gains on sales of assets   (2 )           (12 )     (807 )
    Other operating expense, net   23       3       58       18  
    Losses on purchases, exchanges or extinguishments of debt               2        
    Other   (4 )     (4 )     (17 )     (19 )
    Tax effect of adjustments(a)   (41 )     (24 )     (125 )     403  
    Adjusted net income (Non-GAAP) $ 22     $ 155     $ 103     $ 517  
    (a) The three- and nine-month periods ended September 30, 2024 and September 30, 2023 include a tax effect attributed to the reconciling adjustments using a statutory rate of 23%.
    RECONCILIATION OF EARNINGS (LOSS) PER COMMON SHARE TO ADJUSTED DILUTED EARNINGS PER COMMON SHARE (unaudited)
     
      Three Months Ended
    September 30,
      Nine Months Ended
    September 30,
    ($/share)   2024       2023       2024       2023  
    Earnings (loss) per common share (GAAP) $ (0.85 )   $ 0.53     $ (2.39 )   $ 13.86  
    Effect of dilutive securities         (0.04 )           (0.96 )
    Diluted earnings (loss) per common share (GAAP) $ (0.85 )   $ 0.49     $ (2.39 )   $ 12.90  
                   
    Adjustments:              
    Unrealized (gains) losses on natural gas and oil derivatives   1.20       0.78       3.70       (6.49 )
    Separation and other termination costs               0.17       0.02  
    Gains on sales of assets   (0.02 )           (0.09 )     (5.63 )
    Other operating expense, net   0.17       0.02       0.44       0.13  
    Losses on purchases, exchanges or extinguishments of debt               0.01        
    Other   (0.03 )     (0.03 )     (0.13 )     (0.13 )
    Tax effect of adjustments(a)   (0.31 )     (0.17 )     (0.95 )     2.81  
    Effect of dilutive securities               (0.03 )      
    Adjusted diluted earnings per common share (Non-GAAP) $ 0.16     $ 1.09     $ 0.73     $ 3.61  
    (a) The three- and nine-month periods ended September 30, 2024 and September 30, 2023 include a tax effect attributed to the reconciling adjustments using a statutory rate of 23%.
    RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDAX (unaudited)
     
      Three Months Ended
    September 30,
      Nine Months Ended
    September 30,
        2024       2023       2024       2023  
    ($ in millions)              
    Net income (loss) (GAAP) $ (114 )   $ 70     $ (315 )   $ 1,850  
                   
    Adjustments:              
    Interest expense   20       23       59       82  
    Income tax expense (benefit)   (44 )     1       (105 )     532  
    Depreciation, depletion and amortization   335       382       1,082       1,148  
    Exploration   2       4       7       19  
    Unrealized (gains) losses on natural gas and oil derivatives   160       110       489       (931 )
    Separation and other termination costs               23       3  
    Gains on sales of assets   (2 )           (12 )     (807 )
    Other operating expense, net   23       3       58       18  
    Losses on purchases, exchanges or extinguishments of debt               2        
    Other   (15 )     (13 )     (57 )     (36 )
    Adjusted EBITDAX (Non-GAAP) $ 365     $ 580     $ 1,231     $ 1,878  
    RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO ADJUSTED FREE CASH FLOW (unaudited)
     
      Three Months Ended
    September 30,
      Nine Months Ended
    September 30,
        2024       2023       2024       2023  
    ($ in millions)              
    Net cash provided by operating activities (GAAP) $ 422     $ 506     $ 1,183     $ 1,910  
    Cash capital expenditures   (298 )     (423 )     (1,021 )     (1,450 )
    Free cash flow (Non-GAAP)   124       83       162       460  
    Cash contributions to investments   (26 )     (61 )     (71 )     (149 )
    Free cash flow associated with divested assets(a)         (57 )           (195 )
    Adjusted free cash flow (Non-GAAP) $ 98     $ (35 )   $ 91     $ 116  
    (a) In March and April of 2023, we closed two divestitures of certain Eagle Ford assets. Due to the structure of these transactions, both of which had an effective date of October 1, 2022, the cash generated by these assets was delivered to the respective buyers through a reduction in the proceeds we received at the closing of each transaction. Additionally, in August 2023, we entered into an agreement to sell the final portion of our Eagle Ford assets, with an economic effective date of February 1, 2023. Included within the adjustment above reflects the cash flows from the three months ended September 30, 2023, associated with the final portion of our Eagle Ford assets as the cash generated by those assets were delivered to the buyer through a reduction in the proceeds we received once the transaction closed during the fourth quarter of 2023.
    RECONCILIATION OF TOTAL DEBT TO NET DEBT (unaudited)
     
    ($ in millions) September 30, 2024
    Total debt (GAAP) $ 2,017  
    Premiums and issuance costs on debt   (67 )
    Principal amount of debt   1,950  
    Cash and cash equivalents   (1,044 )
    Net debt (Non-GAAP) $ 906  
    INVESTOR CONTACT: MEDIA CONTACT: EXPAND ENERGY CORPORATION
    Chris Ayres Brooke Coe 6100 North Western Avenue
    (405) 935-8870 (405) 935-8878 P.O. Box 18496
    ir@expandenergy.com media@expandenergy.com Oklahoma City, OK 73154

    The MIL Network

  • MIL-OSI: EXL Reports 2024 Third Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    2024 Third Quarter Revenue of $472.1 Million, up 14.9% year-over-year

    Q3 Diluted EPS (GAAP) of $0.33, up 24.2% from $0.26 in Q3 of 2023

    Q3 Adjusted Diluted EPS (Non-GAAP) (1)of $0.44, up 16.3% from $0.37 in Q3 of 2023

    NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) — ExlService Holdings, Inc. (Nasdaq: EXLS), a leading data analytics and digital operations and solutions company, today announced its financial results for the quarter ended September 30, 2024.

    Rohit Kapoor, chairman and chief executive officer, said, “We are pleased with our third quarter results. We delivered revenue and adjusted diluted EPS growth of 15% and 16% respectively. The ongoing execution of our data and AI-led strategy enabled us to accelerate our growth, achieving double-digit growth across both our data analytics and digital operations and solutions businesses during the quarter. As we continue to expand our data modernization and AI solution set with innovations such as industry-specific large language models (LLMs), we are well positioned to continue our momentum into the fourth quarter and beyond.”

    Maurizio Nicolelli, chief financial officer, said, “Based on our strong year-to-date performance and current visibility for the remainder of the year, we are raising the full-year guidance range for revenue and EPS. We now expect revenue to be in the range of $1.825 billion to $1.835 billion, up from our prior guidance of $1.805 billion to $1.830 billion. This represents 12% to 13% year-over-year growth on a reported currency basis and approximately 12% on a constant currency basis. We now expect our adjusted diluted earnings per share for 2024 to be in the range of $1.61 to $1.63, up from our prior guidance of $1.59 to $1.62, representing growth of 13% to 14% over the prior year.”

    __________________________________________________________

    (1) Reconciliations of adjusted (non-GAAP) financial measures to the most directly comparable GAAP measures, where applicable, are included at the end of this release under “Reconciliation of Adjusted Financial Measures to GAAP Measures.” These non-GAAP measures, including adjusted diluted EPS and constant currency measures, are not measures of financial performance prepared in accordance with GAAP.

    Financial Highlights: Third Quarter 2024

    • Revenue for the quarter ended September 30, 2024 increased to $472.1 million compared to $411.0 million for the third quarter of 2023, an increase of 14.9% on a reported basis and 14.5% on a constant currency basis. Revenue increased by 5.3% sequentially on a reported basis and 4.9% on a constant currency basis, from the second quarter of 2024.
        Revenue   Gross Margin
        Three months ended
      Three months ended
    Reportable Segments   September 30,
    2024

      September 30,
    2023

      June 30,
    2024

      September 30,
    2024

      September 30,
    2023

      June 30,
    2024

        (dollars in millions)        
    Insurance   $ 157.6     $ 136.4     $ 149.3       36.3 %     36.6 %     36.0 %
    Healthcare     30.5       26.2       28.1       33.6 %     36.8 %     33.1 %
    Emerging Business     80.0       65.3       77.2       40.2 %     42.4 %     41.6 %
    Analytics     204.0       183.1       193.8       38.5 %     37.0 %     36.7 %
    Revenues, net   $ 472.1     $ 411.0     $ 448.4       37.8 %     37.7 %     37.1 %
     
    • Operating income margin for each of the quarter ended September 30, 2024 and the third quarter of 2023, was 14.7%, and 13.7% for the second quarter of 2024. Adjusted operating income margin for the quarter ended September 30, 2024, was 19.9%, compared to 20.0% for the third quarter of 2023 and 19.8% for the second quarter of 2024.
    • Diluted earnings per share for the quarter ended September 30, 2024, was $0.33, compared to $0.26 for the third quarter of 2023 and $0.28 for the second quarter of 2024. Adjusted diluted earnings per share for the quarter ended September 30, 2024, was $0.44, compared to $0.37 for the third quarter of 2023 and $0.40 for the second quarter of 2024.

    Business Highlights: Third Quarter 2024

    • Won 13 new clients in the third quarter of 2024, with 8 clients in digital operations and solutions business and 5 clients in analytics.
    • Launched the EXL Insurance LLM, developed using NVIDIA AI software. This LLM addresses the highly specialized needs of the insurance industry, leveraging EXL’s 25 years of experience in the industry and a proprietary data set with more than a decade of claims-related data.
    • Expanded partnership with Databricks to deploy new data management and generative AI solutions into the Databricks ecosystem, speeding the development of cutting-edge data management solutions for EXL clients.
    • Recognized as a Major Player in the IDC MarketScape: Worldwide Data Modernization Services 2024 Vendor Assessment based on our core value propositions, execution and innovation capabilities, go-to-market strategy, and market impact.
    • Named by Newsweek as one of America’s Most Reliable Companies 2025 based on parameters including: Likelihood of Recommendation, Ease of Doing Business, Value for Money, Consistency of Deliverables, and Reputation for Dependability.

    2024 Guidance
    Based on current visibility, and a U.S. dollar to Indian rupee exchange rate of 84.0, U.K. pound sterling to U.S. dollar exchange rate of 1.30, U.S. dollar to the Philippine peso exchange rate of 58.0 and all other currencies at current exchange rates, we are providing the following guidance for the full year 2024:

    • Revenue of $1.825 billion to $1.835 billion, representing an increase of 12% to 13% on a reported currency basis and approximately 12% on a constant currency basis from 2023.
    • Adjusted diluted earnings per share of $1.61 to $1.63, representing an increase of 13% to 14% from 2023.

    Conference Call

    ExlService Holdings, Inc. will host a conference call on Wednesday, Oct. 30, 2024, at 10:00 A.M. ET to discuss the company’s quarterly operating and financial results. The conference call will be available live via the internet by accessing the investor relations section of EXL’s website at ir.exlservice.com, where an accompanying investor-friendly spreadsheet of historical operating and financial data can also be accessed. Please access the website at least fifteen minutes prior to the call to register, download and install any necessary audio software.

    Please note that there is a new system to access the live call-in order to ask questions. To join the live call, please register here. For those who cannot access the live broadcast, a replay will be available on the EXL website ir.exlservice.com for a period of approximately twelve months.

    About ExlService Holdings, Inc.

    EXL (Nasdaq: EXLS) is a leading data analytics and digital operations and solutions company. We partner with clients using a data and AI-led approach to reinvent business models, drive better business outcomes and unlock growth with speed. EXL harnesses the power of data, analytics, AI, and deep industry knowledge to transform operations for the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media and retail, among others. EXL was founded in 1999 with the core values of innovation, collaboration, excellence, integrity and respect. We are headquartered in New York and have more than 57,000 employees spanning six continents. For more information, visit www.exlservice.com.

    Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to EXL’s operations and business environment, all of which are difficult to predict and many of which are beyond EXL’s control. Forward-looking statements include information concerning EXL’s possible or assumed future results of operations, including descriptions of its business strategy. These statements may include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of management’s experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate under the circumstances. You should understand that these statements are not guarantees of performance or results. They involve known and unknown risks, uncertainties and assumptions. Although EXL believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect EXL’s actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors, which include our ability to maintain and grow client demand, our ability to hire and retain sufficiently trained employees, and our ability to accurately estimate and/or manage costs, rising interest rates, rising inflation, recessionary economic trends, and ability to successfully integrate strategic acquisitions, are discussed in more detail in EXL’s filings with the Securities and Exchange Commission, including EXL’s Annual Report on Form 10-K. You should keep in mind that any forward-looking statement made herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect EXL. EXL has no obligation to update any forward-looking statements after the date hereof, except as required by applicable law.

    EXLSERVICE HOLDINGS, INC.
    CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
    (In thousands, except per share amount and share count)
     
      Three months ended September 30,   Nine months ended September 30,
        2024       2023       2024       2023  
    Revenues, net $ 472,073     $ 410,971     $ 1,356,946     $ 1,216,610  
    Cost of revenues(1)   293,806       256,002       849,336       760,691  
    Gross profit(1)   178,267       154,969       507,610       455,919  
    Operating expenses:              
    General and administrative expenses   57,495       52,213       167,195       144,564  
    Selling and marketing expenses   37,568       30,943       108,982       88,674  
    Depreciation and amortization expense   13,799       11,583       39,055       38,192  
    Total operating expenses   108,862       94,739       315,232       271,430  
    Income from operations   69,405       60,230       192,378       184,489  
    Foreign exchange gain, net   278       409       673       838  
    Interest expense   (5,526 )     (3,405 )     (14,145 )     (10,030 )
    Other income, net   4,374       778       11,876       6,594  
    Income before income tax expense and earnings from equity affiliates   68,531       58,012       190,782       181,891  
    Income tax expense   15,460       14,161       43,086       37,773  
    Income before earnings from equity affiliates   53,071       43,851       147,696       144,118  
    Gain/(loss) from equity-method investment   (34 )     25       (71 )     157  
    Net income $ 53,037     $ 43,876     $ 147,625     $ 144,275  
    Earnings per share:              
    Basic $ 0.33     $ 0.26     $ 0.90     $ 0.87  
    Diluted $ 0.33     $ 0.26     $ 0.90     $ 0.86  
    Weighted average number of shares used in computing earnings per share:              
    Basic   161,732,872       166,159,619       163,197,767       166,707,599  
    Diluted   163,187,733       167,688,374       164,620,081       168,591,612  

    (1) Exclusive of depreciation and amortization expense.

    EXLSERVICE HOLDINGS, INC.
    CONSOLIDATED BALANCE SHEETS (UNAUDITED)
    (In thousands, except per share amount and share count)
     
      As of
      September 30, 2024   December 31, 2023
           
    Assets      
    Current assets:      
    Cash and cash equivalents $ 150,102     $ 136,953  
    Short-term investments   175,648       153,881  
    Restricted cash   7,342       4,062  
    Accounts receivable, net   340,904       308,108  
    Other current assets   93,693       76,669  
    Total current assets   767,689       679,673  
    Property and equipment, net   107,395       100,373  
    Operating lease right-of-use assets   71,796       64,856  
    Restricted cash   5,820       4,386  
    Deferred tax assets, net   106,881       82,927  
    Goodwill   427,663       405,639  
    Other intangible assets, net   51,291       50,164  
    Long-term investments   14,184       4,430  
    Other assets   57,113       49,524  
    Total assets $ 1,609,832     $ 1,441,972  
    Liabilities and stockholders’ equity      
    Current liabilities:      
    Accounts payable $ 4,082     $ 5,055  
    Current portion of long-term borrowings   4,891       65,000  
    Deferred revenue   12,472       12,318  
    Accrued employee costs   110,677       117,137  
    Accrued expenses and other current liabilities   105,159       114,113  
    Current portion of operating lease liabilities   16,904       12,780  
    Total current liabilities   254,185       326,403  
    Long-term borrowings, less current portion   339,828       135,000  
    Operating lease liabilities, less current portion   62,336       58,175  
    Deferred tax liabilities, net   3,245       1,495  
    Other non-current liabilities   42,675       31,462  
    Total liabilities   702,269       552,535  
    Commitments and contingencies      
    Stockholders’ equity:      
    Preferred stock, $0.001 par value; 15,000,000 shares authorized, none issued          
    Common stock, $0.001 par value; 400,000,000 shares authorized, 205,317,002 shares issued and 160,880,592 shares outstanding as of September 30, 2024 and 203,410,038 shares issued and 165,277,880 shares outstanding as of December 31, 2023   205       203  
    Additional paid-in capital   572,430       508,028  
    Retained earnings   1,231,288       1,083,663  
    Accumulated other comprehensive loss   (122,593 )     (127,040 )
    Total including shares held in treasury   1,681,330       1,464,854  
    Less: 44,436,410 shares as of September 30, 2024 and 38,132,158 shares as of December 31, 2023, held in treasury, at cost   (773,767 )     (575,417 )
    Total stockholders’ equity   907,563       889,437  
    Total liabilities and stockholders’ equity $ 1,609,832     $ 1,441,972  

    EXLSERVICE HOLDINGS, INC.

    Reconciliation of Adjusted Financial Measures to GAAP Measures

    In addition to its reported operating results in accordance with U.S. generally accepted accounting principles (GAAP), EXL has included in this release certain financial measures that are considered non-GAAP financial measures, including the following:

    1. Adjusted operating income and adjusted operating income margin;
    2. Adjusted EBITDA and adjusted EBITDA margin;
    3. Adjusted net income and adjusted diluted earnings per share; and
    4. Revenue growth on constant currency basis.

    These non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles, should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and may be different from non-GAAP financial measures used by other companies. Accordingly, the financial results calculated in accordance with GAAP and reconciliations from those financial statements should be carefully evaluated. EXL believes that providing these non-GAAP financial measures may help investors better understand EXL’s underlying financial performance. Management also believes that these non-GAAP financial measures, when read in conjunction with EXL’s reported results, can provide useful supplemental information for investors analyzing period-to-period comparisons of the Company’s results and comparisons of the Company’s results with the results of other companies. Additionally, management considers some of these non-GAAP financial measures to determine variable compensation of its employees. The Company believes that it is unreasonably difficult to provide its earnings per share financial guidance in accordance with GAAP, or a qualitative reconciliation thereof, for a number of reasons, including, without limitation, the Company’s inability to predict its future stock-based compensation expense under ASC Topic 718, the amortization of intangibles associated with future acquisitions and the currency fluctuations and associated tax effects. As such, the Company presents guidance with respect to adjusted diluted earnings per share. The Company also incurs significant non-cash charges for depreciation that may not be indicative of the Company’s ability to generate cash flow.

    EXL non-GAAP financial measures exclude, where applicable, stock-based compensation expense, amortization of acquisition-related intangible assets, restructuring costs, litigation settlement costs and associated legal fees, effects of termination of leases, certain defined social security contributions, allowance for certain material expected credit losses, other acquisition-related expenses or benefits and effect of any non-recurring tax adjustments. Acquisition-related expenses or benefits include, changes in the fair value of contingent consideration, external deal costs, integration expenses, direct and incremental travel costs and non-recurring benefits or losses. Our adjusted net income and adjusted diluted EPS also excludes the effects of income tax on the above pre-tax items, as applicable. The effects of income tax of each item is calculated by applying the statutory rate of the local tax regulations in the jurisdiction in which the item was incurred.

    A limitation of using non-GAAP financial measures versus financial measures calculated in accordance with GAAP is that non-GAAP financial measures do not reflect all of the amounts associated with our operating results as determined in accordance with GAAP and exclude costs that are recurring, namely stock-based compensation and amortization of acquisition-related intangible assets. EXL compensates for these limitations by providing specific information regarding the GAAP amounts excluded from non-GAAP financial measures to allow investors to evaluate such non-GAAP financial measures.

    EXL’s primary exchange rate exposure is with the Indian rupee, the Philippine peso, the U.K. pound sterling and the South African rand. The average exchange rate of the U.S. dollar against the Indian rupee increased from 82.69 during the quarter ended September 30, 2023 to 83.79 during the quarter ended September 30, 2024, representing a depreciation of 1.3% against the U.S. dollar. The average exchange rate of the U.S. dollar against the Philippine peso increased from 56.02 during the quarter ended September 30, 2023 to 56.84 during the quarter ended September 30, 2024, representing a depreciation of 1.5% against the U.S. dollar. The average exchange rate of the U.K. pound sterling against the U.S. dollar increased from 1.26 during the quarter ended September 30, 2023 to 1.31 during the quarter ended September 30, 2024, representing an appreciation of 4.4% against the U.S. dollar. The average exchange rate of the U.S. dollar against the South African rand decreased from 18.49 during the quarter ended September 30, 2023 to 17.74 during the quarter ended September 30, 2024, representing an appreciation of 4.1% against the U.S. dollar.

    The following table shows the reconciliation of these non-GAAP financial measures for the three months ended September 30, 2024 and September 30, 2023, and the three months ended June 30, 2024:

    Reconciliation of Adjusted Operating Income and Adjusted EBITDA
    (Amounts in thousands)
     
      Three months ended
      September 30,   June 30,
        2024       2023       2024  
    Net Income (GAAP) $ 53,037     $ 43,876     $ 45,825  
    add: Income tax expense   15,460       14,161       13,873  
    add/(subtract): Foreign exchange gain, net, interest expense,
    gain/(loss) from equity-method investment and other income/(loss), net
      908       2,193       1,751  
    Income from operations (GAAP) $ 69,405     $ 60,230     $ 61,449  
    add: Stock-based compensation expense   21,232       17,067       18,095  
    add: Amortization of acquisition-related intangibles   3,449       3,157       3,077  
    add: Restructuring and litigation settlement costs (a)               6,174  
    add: Allowance for expected credit losses (b)         1,700        
    Adjusted operating income (Non-GAAP) $ 94,086     $ 82,154     $ 88,795  
    Adjusted operating income margin as a % of Revenue (Non-GAAP)   19.9 %     20.0 %     19.8 %
    add: Depreciation on long-lived assets   10,350       8,426       9,833  
    Adjusted EBITDA (Non-GAAP) $ 104,436     $ 90,580     $ 98,628  
    Adjusted EBITDA margin as a % of revenue (Non-GAAP)   22.1 %     22.0 %     22.0 %

    (a) To exclude effects of employee severance costs and outplacement support costs of $4,762 and litigation settlement costs and associated legal fees of $1,412 during the three months ended June 30, 2024.

    (b) To exclude the effects of material allowance for expected credit losses on accounts receivables related to a customer bankruptcy event during the three months ended September 30, 2023.

    Reconciliation of Adjusted Net Income and Adjusted Diluted Earnings Per Share
    (Amounts in thousands, except per share amount)
     
      Three months ended
      September 30,   June 30,
        2024       2023       2024  
    Net income (GAAP) $ 53,037     $ 43,876     $ 45,825  
    add: Stock-based compensation expense   21,232       17,067       18,095  
    add: Amortization of acquisition-related intangibles   3,449       3,157       3,077  
    add: Restructuring and litigation settlement costs (a)               6,174  
    add: Effects of changes in fair value of contingent consideration         2,500        
    add: Allowance for expected credit losses (b)         1,700        
    subtract: Tax impact on stock-based compensation expense (c)   (5,830 )     (4,340 )     (4,619 )
    subtract: Tax impact on amortization of acquisition-related intangibles   (866 )     (771 )     (765 )
    subtract: Tax impact on restructuring and litigation settlement costs               (1,588 )
    subtract: Tax impact on allowance for expected credit losses         (429 )      
    Adjusted net income (Non-GAAP) $ 71,022     $ 62,760     $ 66,199  
    Adjusted diluted earnings per share (Non-GAAP) $ 0.44     $ 0.37     $ 0.40  

    (a) To exclude effects of employee severance costs and outplacement support costs of $4,762 and litigation settlement costs and associated legal fees of $1,412 during the three months ended June 30, 2024.

    (b) To exclude the effects of material allowance for expected credit losses on accounts receivables related to a customer bankruptcy event during the three months ended September 30, 2023.

    (c) Tax impact includes $1,673 and $462 during the three months ended September 30, 2024 and 2023 respectively, and $18 during the three months ended June 30, 2024, related to discrete benefits recognized in income tax expense in accordance with ASU No. 2016-09, Compensation – Stock Compensation.

    Contacts:
    Investor Relations
    John Kristoff
    Vice President, Investor Relations
    +1 212 209 4613
    ir@exlservice.com

    Media – US
    Keith Little
    Assistant Vice President, Media Relations
    +1 703 598 0980
    media.relations@exlservice.com

    The MIL Network

  • MIL-OSI: Qorvo® Announces Fiscal 2025 Second Quarter Financial Results

    Source: GlobeNewswire (MIL-OSI)

    GREENSBORO, N.C., Oct. 29, 2024 (GLOBE NEWSWIRE) — Qorvo® (Nasdaq:QRVO), a leading global provider of connectivity and power solutions, today announced financial results for the Company’s fiscal 2025 second quarter ended September 28, 2024.

    On a GAAP basis, revenue for Qorvo’s fiscal 2025 second quarter was $1.047 billion, gross margin was 42.6%, operating income was $9.7 million, and loss per share was $0.18. On a non-GAAP basis, gross margin was 47.0%, operating income was $212.2 million, and diluted earnings per share was $1.88.

    Bob Bruggeworth, president and chief executive officer of Qorvo, said, “In the September quarter, ACG successfully supported our largest customer’s seasonal smartphone ramp. In HPA, we expanded our D&A business while building a broad-based business in power management. In CSG, we maintained our leadership in Wi-Fi applications while investing to grow in diverse businesses including automotive solutions and SoCs for ultra-wideband and Matter. HPA and CSG are on pace to achieve mid-teen year-over-year growth in fiscal 2025.”

    Financial Commentary and Outlook

    Grant Brown, chief financial officer of Qorvo, said, “In the September quarter, we exceeded the midpoint of guidance in revenue, gross margin and EPS. Looking forward, the flagship and premium tiers in the smartphone market are holding up well, however, content and ramp profiles vary by model, and we are experiencing unfavorable mix. We expect this to continue in the second half of fiscal 2025. In addition, in the mid and entry tiers of Android 5G smartphones, mix has shifted toward entry-tier 5G at the expense of mid-tier 5G. In our current view, we don’t expect this mix shift in Android 5G from mid-tier to entry-tier to reverse. As a result, we are taking appropriate actions, including factory consolidation and operating expense reductions as well as focusing on opportunities that align with our long-term profitability objectives. We currently expect full-year fiscal 2025 revenue and gross margin will be slightly down versus fiscal 2024.”

    Qorvo’s current outlook for the December 2024 quarter is:

    • Quarterly revenue of approximately $900 million, plus or minus $25 million
    • Non-GAAP gross margin of approximately 45%
    • Non-GAAP diluted earnings per share between $1.10 and $1.30

    See “Forward-looking non-GAAP financial measures” below. Qorvo’s actual quarterly results may differ from these expectations and projections, and such differences may be material.

    Selected Financial Information

    The following tables set forth selected GAAP and non-GAAP financial information for Qorvo for the periods indicated. See the more detailed financial information for Qorvo, including reconciliations of GAAP and non-GAAP financial information, attached.

    SELECTED GAAP RESULTS
    (In millions, except for percentages and EPS)
    (Unaudited)
                           
      Q2 Fiscal 2025   Q1 Fiscal 2025   Q2 Fiscal 2024   Sequential Change   Year-over-Year Change
    Revenue $ 1,046.5     $ 886.7     $ 1,103.5     $ 159.8     $ (57.0 )
    Gross profit $ 445.3     $ 332.3     $ 489.7     $ 113.0     $ (44.4 )
    Gross margin   42.6 %     37.5 %     44.4 %   5.1 ppt   (1.8) ppt
    Operating expenses $ 435.6     $ 327.7     $ 338.3     $ 107.9     $ 97.3  
    Operating income $ 9.7     $ 4.6     $ 151.4     $ 5.1     $ (141.7 )
    Net (loss) income $ (17.4 )   $ 0.4     $ 97.5     $ (17.8 )   $ (114.9 )
    Weighted-average diluted shares   94.9       96.5       98.6       (1.6 )     (3.7 )
    Diluted EPS (loss per share) $ (0.18 )   $ 0.00     $ 0.99     $ (0.18 )   $ (1.17 )
                           
                           
    SELECTED NON-GAAP RESULTS(1)
    (In millions, except for percentages and EPS)
    (Unaudited)
                           
      Q2 Fiscal 2025   Q1 Fiscal 2025   Q2 Fiscal 2024   Sequential Change   Year-over-Year Change
    Revenue $ 1,046.5     $ 886.7     $ 1,103.5     $ 159.8     $ (57.0 )
    Gross profit $ 492.0     $ 362.7     $ 525.2     $ 129.3     $ (33.2 )
    Gross margin   47.0 %     40.9 %     47.6 %     6.1 ppt       (0.6) ppt  
    Operating expenses $ 279.8     $ 264.5     $ 245.8     $ 15.3     $ 34.0  
    Operating income $ 212.2     $ 98.1     $ 279.4     $ 114.1     $ (67.2 )
    Net income $ 179.8     $ 83.5     $ 235.5     $ 96.3     $ (55.7 )
    Weighted-average diluted shares   95.8       96.5       98.6       (0.7 )     (2.8 )
    Diluted EPS $ 1.88     $ 0.87     $ 2.39     $ 1.01     $ (0.51 )

    (1) Adjusted for stock-based compensation expense, amortization of intangible assets, restructuring-related charges, acquisition and integration-related costs, goodwill and other asset impairments, gain or loss on assets, other expense or income, gain or loss on investments, and an adjustment of income taxes.

    SELECTED GAAP RESULTS BY OPERATING SEGMENT
    (In millions, except percentages)
    (Unaudited)
      Q2 Fiscal 2025   Q1 Fiscal 2025   Q2 Fiscal 2024   Sequential Change   Year-over-Year Change
    Revenue                  
    HPA $ 148.3     $ 129.5     $ 149.8       14.5 %     (1.0 )%
    CSG   146.8       114.9       103.6       27.8 %     41.7 %
    ACG   751.4       642.3       850.1       17.0 %     (11.6 )%
    Total revenue $ 1,046.5     $ 886.7     $ 1,103.5       18.0 %     (5.2 )%
    Operating income (loss)                      
    HPA $ 13.1     $ 4.9     $ 25.4       167.3 %     (48.4 )%
    CSG   (9.0 )     (19.5 )     (27.7 )     53.8 %     67.5 %
    ACG   215.1       116.4       284.8       84.8 %     (24.5 )%
    All other(1)   (209.5 )     (97.2 )     (131.1 )     (115.5 )%     (59.8 )%
    Total operating income $ 9.7     $ 4.6     $ 151.4       110.9 %     (93.6 )%
    Operating income (loss) as a % of revenue                          
    HPA   8.8 %     3.8 %     17.0 %     5.0 ppt       (8.2) ppt  
    CSG   (6.1 )     (17.0 )     (26.7 )     10.9 ppt       20.6 ppt  
    ACG   28.6       18.1       33.5       10.5 ppt       (4.9) ppt  
    Total operating income as a % of revenue   0.9 %     0.5 %     13.7 %     0.4 ppt       (12.8) ppt  

    (1) Includes stock-based compensation expense, amortization of intangible assets, restructuring-related charges, acquisition and integration-related costs, goodwill and other asset impairments, gain or loss on assets, other expense or income, and other miscellaneous corporate overhead expenses.

    Non-GAAP Financial Measures

    In addition to disclosing financial results calculated in accordance with United States (U.S.) generally accepted accounting principles (GAAP), this earnings release contains some or all of the following non-GAAP financial measures: (i) non-GAAP gross profit and gross margin, (ii) non-GAAP operating expenses, operating income and operating margin, (iii) non-GAAP net income, (iv) non-GAAP net income per diluted share, (v) free cash flow, (vi) EBITDA, (vii) non-GAAP return on invested capital (ROIC), and (viii) net debt or positive net cash. Each of these non-GAAP financial measures is either adjusted from GAAP results to exclude certain expenses or derived from multiple GAAP measures, which are outlined in the “Reconciliation of GAAP to Non-GAAP Financial Measures” tables, attached, and the “Additional Selected Non-GAAP Financial Measures and Reconciliations” tables, attached.

    In managing Qorvo’s business on a consolidated basis, management develops an annual operating plan, which is approved by our Board of Directors, using non-GAAP financial measures. In developing and monitoring performance against this plan, management considers the actual or potential impacts on these non-GAAP financial measures from actions taken to reduce costs with the goal of increasing gross margin and operating margin. In addition, management relies upon these non-GAAP financial measures to assess whether research and development efforts are at an appropriate level, and when making decisions about product spending, administrative budgets, and other operating expenses. Also, we believe that non-GAAP financial measures provide useful supplemental information to investors and enable investors to analyze the results of operations in the same way as management. We have chosen to provide this supplemental information to enable investors to perform additional comparisons of our operating results, to assess our liquidity and capital position and to analyze financial performance excluding the effect of expenses unrelated to operations, and stock-based compensation expense, which may obscure trends in Qorvo’s underlying performance.

    We believe that these non-GAAP financial measures offer an additional view of Qorvo’s operations that, when coupled with the GAAP results and the reconciliations to corresponding GAAP financial measures, provide a more complete understanding of Qorvo’s results of operations and the factors and trends affecting Qorvo’s business. However, these non-GAAP financial measures should be considered as a supplement to, and not as a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP.

    Our rationale for using these non-GAAP financial measures, as well as their impact on the presentation of Qorvo’s operations, are outlined below:

    Non-GAAP gross profit and gross margin. Non-GAAP gross profit and gross margin exclude amortization of intangible assets, stock-based compensation expense, restructuring-related charges, acquisition and integration-related costs, and certain other expense (income). We believe that exclusion of these costs in presenting non-GAAP gross profit and gross margin facilitates a useful evaluation of our historical performance and projected costs and the potential for realizing cost efficiencies.

    We view amortization of acquisition-related intangible assets, such as the amortization of the cost associated with an acquired company’s research and development efforts, trade names, and customer relationships, as items arising from pre-acquisition activities, determined at the time of an acquisition, rather than ongoing costs of operating Qorvo’s business. While these intangible assets are continually evaluated for impairment, amortization of the cost of purchased intangible assets is a static expense, which is not typically affected by operations during any particular period. Although we exclude the amortization of purchased intangible assets from these non-GAAP financial measures, management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase price accounting and contribute to revenue generation.

    We believe that presentation of non-GAAP gross profit and gross margin and other non-GAAP financial measures that exclude the impact of stock-based compensation expense assists management and investors in evaluating the period-over-period performance of Qorvo’s ongoing operations because (i) the expenses are non-cash in nature, and (ii) although the size of the grants is within our control, the amount of expense varies depending on factors such as short-term fluctuations in stock price volatility and prevailing interest rates, which can be unrelated to the operational performance of Qorvo during the period in which the expense is incurred and generally are outside the control of management. Moreover, we believe that the exclusion of stock-based compensation expense in presenting non-GAAP gross profit and gross margin and other non-GAAP financial measures is useful to investors to understand the impact of the expensing of stock-based compensation to Qorvo’s gross profit and gross margins and other financial measures in comparison to prior periods. We also believe that the adjustments to profit and margin related to restructuring-related charges, and acquisition and integration-related costs do not constitute part of Qorvo’s ongoing operations and therefore the exclusion of these items provides management and investors with better visibility into the actual costs required to generate revenues over time and facilitates a useful evaluation of our historical and projected performance. We believe disclosure of non-GAAP gross profit and gross margin has economic substance because the excluded expenses do not represent continuing cash expenditures and, as described above, we have little control over the timing and amount of the expenses in question.

    Non-GAAP operating expenses, operating income and operating margin. Non-GAAP operating expenses, operating income and operating margin exclude stock-based compensation expense, amortization of intangible assets, acquisition and integration-related costs, goodwill and other asset impairments, restructuring-related charges, (gain) loss on assets and certain other expense (income). We believe that presentation of a measure of operating expenses, operating income and operating margin that excludes amortization of intangible assets and stock-based compensation expense is useful to both management and investors for the same reasons as described above with respect to our use of non-GAAP gross profit and gross margin. We believe that acquisition and integration-related costs, goodwill and other asset impairments, restructuring-related charges, (gain) loss on assets and certain other expense (income) do not constitute part of Qorvo’s ongoing operations and therefore, the exclusion of these costs provides management and investors with better visibility into the actual costs required to generate revenues over time and facilitates a useful evaluation of our historical and projected performance. We believe disclosure of non-GAAP operating expenses, operating income and operating margin has economic substance because the excluded expenses are either unrelated to ongoing operations or do not represent current cash expenditures.

    Non-GAAP net income and non-GAAP net income per diluted share. Non-GAAP net income and non-GAAP net income per diluted share exclude the effects of stock-based compensation expense, amortization of intangible assets, acquisition and integration-related costs, goodwill and other asset impairments, restructuring-related charges, (gain) loss on assets, certain other expense (income), gain or loss on investments, and also reflect an adjustment of income taxes. The income tax adjustment primarily represents the use of research and development tax credit carryforwards, deferred tax expense (benefit) items not affecting taxes payable, adjustments related to the deemed and actual repatriation of historical foreign earnings, non-cash expense (benefit) related to uncertain tax positions and other items unrelated to the current fiscal year or that are not indicative of our ongoing business operations. We believe that presentation of measures of net income and net income per diluted share that exclude these items is useful to both management and investors for the reasons described above with respect to non-GAAP gross profit and gross margin and non-GAAP operating expenses, operating income and operating margin. We believe disclosure of non-GAAP net income and non-GAAP net income per diluted share has economic substance because the excluded expenses are either unrelated to ongoing operations or do not represent current cash expenditures.

    Free cash flow. Qorvo defines free cash flow as net cash provided by operating activities during the period minus property and equipment expenditures made during the period, and free cash flow margin is calculated as free cash flow as a percentage of revenue. We use free cash flow as a supplemental financial measure in our evaluation of liquidity and financial strength. Management believes that this measure is useful as an indicator of our ability to service our debt, meet other payment obligations and make strategic investments. Free cash flow should be considered in addition to, rather than as a substitute for, net income as a measure of our performance and net cash provided by operating activities as a measure of our liquidity. Additionally, our definition of free cash flow is limited, in that it does not represent residual cash flows available for discretionary expenditures due to the fact that the measure does not deduct the payments required for debt service and other contractual obligations. Therefore, we believe it is important to view free cash flow as a measure that provides supplemental information to our entire statement of cash flows.

    EBITDA. Qorvo adjusts GAAP net income for interest expense, interest income, income tax expense (benefit), depreciation and intangible amortization expense, stock-based compensation and other charges that are not representative of Qorvo’s ongoing operations (including goodwill and other asset impairments, investment activity, acquisition-related costs and restructuring-related costs) when presenting EBITDA. Management believes that this measure is useful to evaluate our ongoing operations and as a general indicator of our operating cash flow (in conjunction with a cash flow statement which also includes among other items, changes in working capital and the effect of non-cash charges).

    Non-GAAP ROIC. Return on invested capital (ROIC) is a non-GAAP financial measure that management believes provides useful supplemental information for management and the investor by measuring the effectiveness of our operations’ use of invested capital to generate profits. We use ROIC to track how much value we are creating for our shareholders. Non-GAAP ROIC is calculated by dividing annualized non-GAAP operating income, net of an adjustment for income taxes (as described above), by average invested capital. Average invested capital is calculated by subtracting the average of the beginning balance and the ending balance of equity plus net debt, less certain goodwill.

    Net debt or positive net cash. Net debt or positive net cash is defined as unrestricted cash, cash equivalents and short-term investments minus any borrowings under our credit facility and the principal balance of our senior unsecured notes. Management believes that net debt or positive net cash provides useful information regarding the level of Qorvo’s indebtedness by reflecting cash and investments that could be used to repay debt.

    Inventory days on hand. Inventory days on hand is defined as (a) average net inventory for the period, divided by (b) the result of non-GAAP cost of goods sold for the period divided by the number of days in the period.

    Forward-looking non-GAAP financial measures. Our earnings release contains forward-looking free cash flow, gross margin, income tax rate and diluted earnings per share. We provide these non-GAAP measures to investors on a prospective basis for the same reasons (set forth above) that we provide them to investors on a historical basis. We are unable to provide a reconciliation of the forward-looking non-GAAP financial measures to the most directly comparable forward-looking GAAP financial measures without unreasonable effort due to variability and difficulty in making accurate projections for items that would be required to be included in the GAAP measures, such as stock-based compensation, acquisition and integration-related costs, restructuring-related charges, gain or loss on assets, goodwill and other asset impairments, gain or loss on investments and the provision for income taxes, which could have a potentially significant impact on our future GAAP results.

    Limitations of non-GAAP financial measures. The primary material limitations associated with the use of non-GAAP financial measures as an analytical tool compared to the most directly comparable GAAP financial measures are these non-GAAP financial measures (i) may not be comparable to similarly titled measures used by other companies in our industry, and (ii) exclude financial information that some may consider important in evaluating our performance, thus limiting their usefulness as a comparative tool. We compensate for these limitations by providing full disclosure of the differences between these non-GAAP financial measures and the corresponding GAAP financial measures, including a reconciliation of the non-GAAP financial measures to the corresponding GAAP financial measures, to enable investors to perform their own analysis of our gross profit and gross margin, operating expenses, operating income, net income, net income per diluted share and net cash provided by operating activities. We further compensate for the limitations of our use of non-GAAP financial measures by presenting the corresponding GAAP measures more prominently.

    Qorvo will conduct a conference call at 5:00 p.m. ET today to discuss today’s press release. The conference call will be broadcast live over the Internet and can be accessed by any interested party at the following URL: https://ir.qorvo.com (under “Events & Presentations”). A telephone playback of the conference call will be available approximately two hours after the call’s completion and can be accessed by dialing 1-412-317-0088 and using the passcode 2723791. The playback will be available through the close of business November 5, 2024.

    About Qorvo

    Qorvo (Nasdaq:QRVO) supplies innovative semiconductor solutions that make a better world possible. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers’ most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including automotive, consumer, defense & aerospace, industrial & enterprise, infrastructure and mobile. Visit www.qorvo.com to learn how our diverse and innovative team is helping connect, protect and power our planet.

    Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. All other trademarks are the property of their respective owners.

    This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions, and are not historical facts and typically are identified by terms such as “may,” “will,” “should,” “could,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “forecast”, “predict,” “potential,” “continue” and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management’s current judgment and expectations as of the date the statement is first made, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We caution you not to place undue reliance upon any such forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under U.S. federal securities laws. Our business is subject to numerous risks and uncertainties, including those relating to fluctuations in our operating results on a quarterly and annual basis; our substantial dependence on developing new products and achieving design wins; our dependence on several large customers for a substantial portion of our revenue; a loss of revenue if defense and aerospace contracts are canceled or delayed; our dependence on third parties; risks related to sales through distributors; risks associated with the operation of our manufacturing facilities; business disruptions; poor manufacturing yields; increased inventory risks and costs, due to timing of customers’ forecasts; our inability to effectively manage or maintain relationships with chipset suppliers; our ability to continue to innovate in a very competitive industry; underutilization of manufacturing facilities; unfavorable changes in interest rates, pricing of certain precious metals, utility rates and foreign currency exchange rates; our acquisitions, divestitures and other strategic investments failing to achieve financial or strategic objectives; our ability to attract, retain and motivate key employees; warranty claims, product recalls and product liability; changes in our effective tax rate; enactment of international or domestic tax legislation, or changes in regulatory guidance; changes in the favorable tax status of certain of our subsidiaries; risks associated with social, environmental, health and safety regulations, and climate change; risks from international sales and operations; economic regulation in China; changes in government trade policies, including imposition of tariffs and export restrictions; we may not be able to generate sufficient cash to service all of our debt; restrictions imposed by the agreements governing our debt; our reliance on our intellectual property portfolio; claims of infringement of third-party intellectual property rights; security breaches, failed system upgrades or regular maintenance and other similar disruptions to our IT systems; theft, loss or misuse of personal data by or about our employees, customers or third parties; provisions in our governing documents and Delaware law may discourage takeovers and business combinations that our stockholders might consider to be in their best interests; and volatility in the price of our common stock. These and other risks and uncertainties, which are described in more detail under “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended March 30, 2024, and Qorvo’s subsequent reports and statements that we file with the SEC, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.

    Financial Tables to Follow

    QORVO, INC. AND SUBSIDIARIES
    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
    (In thousands, except per share data)
    (Unaudited)
     
      Three Months Ended   Six Months Ended
      September 28, 2024   September 30, 2023   September 28, 2024   September 30, 2023
    Revenue $ 1,046,509     $ 1,103,493     $ 1,933,180     $ 1,754,657  
                   
    Costs and expenses:              
    Cost of goods sold   601,203       613,803       1,155,570       1,035,897  
    Research and development   201,050       174,947       388,652       338,037  
    Selling, general and administrative   107,760       103,696       222,683       209,119  
    Other operating expense   126,821       59,619       151,994       68,312  
    Total costs and expenses   1,036,834       952,065       1,918,899       1,651,365  
                   
    Operating income   9,675       151,428       14,281       103,292  
    Interest expense   (22,594 )     (17,121 )     (39,688 )     (34,382 )
    Other income, net   15,422       5,211       27,187       18,927  
                   
    Income before income taxes   2,503       139,518       1,780       87,837  
    Income tax expense   (19,938 )     (42,057 )     (18,801 )     (33,956 )
    Net (loss) income $ (17,435 )   $ 97,461     $ (17,021 )   $ 53,881  
                   
    Net (loss) income per share:              
    Basic $ (0.18 )   $ 1.00     $ (0.18 )   $ 0.55  
    Diluted $ (0.18 )   $ 0.99     $ (0.18 )   $ 0.54  
                   
    Weighted-average shares of common stock outstanding:              
    Basic   94,886       97,945       95,116       98,167  
    Diluted   94,886       98,590       95,116       98,892  
    QORVO, INC. AND SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
    (In thousands, except per share data)
    (Unaudited)
     
      Three Months Ended
      September 28, 2024   June 29, 2024   September 30, 2023
               
    GAAP operating income $ 9,675     $ 4,606     $ 151,428  
    Stock-based compensation expense   38,181       42,366       39,053  
    Amortization of intangible assets   29,482       30,474       29,963  
    Restructuring-related charges   34,396       19,574       8,418  
    Acquisition and integration-related costs   1,211       2,582       852  
    Goodwill impairment   96,458             48,000  
    Other expense (income)   2,811       (1,477 )     1,712  
    Non-GAAP operating income $ 212,214     $ 98,125     $ 279,426  
               
    GAAP net (loss) income $ (17,435 )   $ 414     $ 97,461  
    Stock-based compensation expense   38,181       42,366       39,053  
    Amortization of intangible assets   29,482       30,474       29,963  
    Restructuring-related charges   34,396       19,574       8,418  
    Acquisition and integration-related costs   1,211       2,582       852  
    Goodwill impairment   96,458             48,000  
    Other expense (income)   379       (3,446 )     2,616  
    Loss on investments   780       2,499       1,574  
    Adjustment of income taxes   (3,611 )     (10,939 )     7,576  
    Non-GAAP net income $ 179,841     $ 83,524     $ 235,513  
               
    GAAP weighted-average outstanding diluted shares   94,886       96,510       98,590  
    Dilutive stock-based awards   867              
    Non-GAAP weighted-average outstanding diluted shares   95,753       96,510       98,590  
               
    Non-GAAP net income per share, diluted $ 1.88     $ 0.87     $ 2.39  
    QORVO, INC. AND SUBSIDIARIES
    RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
    (Unaudited)
     
      Three Months Ended
    (in thousands, except percentages) September 28, 2024   June 29, 2024   September 30, 2023
    GAAP gross profit/margin $ 445,306       42.6 %   $ 332,304       37.5 %   $ 489,690       44.4 %
    Stock-based compensation expense   6,047       0.6       5,186       0.6       7,481       0.7  
    Amortization of intangible assets   25,523       2.4       25,827       2.9       25,591       2.3  
    Restructuring-related charges   15,414       1.4                   2,482       0.2  
    Acquisition and integration-related costs   636       0.1       1,925       0.2       1        
    Other income   (885 )     (0.1 )     (2,586 )     (0.3 )            
    Non-GAAP gross profit/margin $ 492,041       47.0 %   $ 362,656       40.9 %   $ 525,245       47.6 %
      Three Months Ended
    Non-GAAP Operating Income September 28, 2024
    (as a percentage of revenue)  
       
    GAAP operating income   0.9 %
    Stock-based compensation expense   3.7  
    Amortization of intangible assets   2.8  
    Restructuring-related charges   3.3  
    Acquisition and integration-related costs   0.1  
    Goodwill impairment   9.2  
    Other expense   0.3  
    Non-GAAP operating income   20.3 %
      Three Months Ended
    Free Cash Flow(1) September 28, 2024
    (in millions)  
       
    Net cash provided by operating activities $ 127.8  
    Purchases of property and equipment   (33.0 )
    Free cash flow $ 94.8  

    (1) Free Cash Flow is calculated as net cash provided by operating activities minus property and equipment expenditures.

    QORVO, INC. AND SUBSIDIARIES
    ADDITIONAL SELECTED NON-GAAP FINANCIAL MEASURES AND RECONCILIATIONS
    (In thousands)
    (Unaudited)
     
      Three Months Ended
      September 28, 2024   June 29, 2024   September 30, 2023
    GAAP research and development expense $ 201,050     $ 187,602     $ 174,947  
    Less:          
    Stock-based compensation expense   13,468       12,727       11,519  
    Acquisition and integration-related costs   2       2       2  
    Non-GAAP research and development expense $ 187,580     $ 174,873     $ 163,426  
               
      Three Months Ended
      September 28, 2024   June 29, 2024   September 30, 2023
    GAAP selling, general and administrative expense $ 107,760     $ 114,923     $ 103,696  
    Less:          
    Stock-based compensation expense   18,488       24,322       20,030  
    Amortization of intangible assets   3,959       4,647       4,372  
    Acquisition and integration-related costs   1              
    Non-GAAP selling, general and administrative expense $ 85,312     $ 85,954     $ 79,294  
               
      Three Months Ended
      September 28, 2024   June 29, 2024   September 30, 2023
    GAAP other operating expense $ 126,821     $ 25,173     $ 59,619  
    Less:          
    Stock-based compensation expense   178       131       23  
    Restructuring-related charges   18,982       19,574       5,936  
    Acquisition and integration-related costs   572       655       849  
    Goodwill impairment   96,458             48,000  
    Other expense   3,696       1,109       1,712  
    Non-GAAP other operating expense $ 6,935     $ 3,704     $ 3,099  
               
      Three Months Ended
      September 28, 2024   June 29, 2024   September 30, 2023
    GAAP total operating expense $ 435,631     $ 327,698     $ 338,262  
    Less:          
    Stock-based compensation expense   32,134       37,180       31,572  
    Amortization of intangible assets   3,959       4,647       4,372  
    Restructuring-related charges   18,982       19,574       5,936  
    Acquisition and integration-related costs   575       657       851  
    Goodwill impairment   96,458             48,000  
    Other expense   3,696       1,109       1,712  
    Non-GAAP total operating expense $ 279,827     $ 264,531     $ 245,819  
    QORVO, INC. AND SUBSIDIARIES
    CONDENSED CONSOLIDATED BALANCE SHEETS
    (In thousands)
    (Unaudited)
     
      September 28, 2024   March 30, 2024
    ASSETS      
    Current assets:      
    Cash and cash equivalents $ 1,096,452     $ 1,029,258  
    Accounts receivable, net   580,963       412,960  
    Inventories   694,457       710,555  
    Other current assets   160,587       133,983  
    Assets of disposal group held for sale         159,278  
    Total current assets   2,532,459       2,446,034  
           
    Property and equipment, net   846,540       870,982  
    Goodwill   2,437,790       2,534,601  
    Intangible assets, net   445,715       509,383  
    Long-term investments   24,804       23,252  
    Other non-current assets   215,767       170,383  
    Total assets $ 6,503,075     $ 6,554,635  
           
    LIABILITIES AND STOCKHOLDERS’ EQUITY      
    Current liabilities:      
    Accounts payable and accrued liabilities $ 675,581     $ 589,760  
    Current portion of long-term debt   412,179       438,740  
    Other current liabilities   245,977       113,215  
    Liabilities of disposal group held for sale         88,372  
    Total current liabilities   1,333,737       1,230,087  
           
    Long-term debt   1,549,244       1,549,272  
    Other long-term liabilities   209,925       218,904  
    Total liabilities   3,092,906       2,998,263  
           
    Stockholders’ equity   3,410,169       3,556,372  
    Total liabilities and stockholders’ equity $ 6,503,075     $ 6,554,635  

    At Qorvo®
    Doug DeLieto
    VP, Investor Relations
    1.336.678.7968

    The MIL Network

  • MIL-OSI: Gibson Energy Announces 2024 Third Quarter Results and 2024 Record Crude Volumes at Edmonton Terminal

    Source: GlobeNewswire (MIL-OSI)

    All financial figures are in Canadian dollars unless otherwise noted

    CALGARY, Alberta, Oct. 29, 2024 (GLOBE NEWSWIRE) — Gibson Energy Inc. (TSX:GEI) (“Gibson” or the “Company”) announced today its financial and operating results for the three and nine months ended September 30, 2024.

    “Gibson delivered strong results in the third quarter, driven by the continued strength and stability of our Infrastructure segment, which now represents over 85% of our business, and saw 2024 record third party crude volumes at our Edmonton Terminal in the third quarter, driven by deliveries onto the Trans Mountain Expansion pipeline,” said Curtis Philippon, President and Chief Executive Officer. “Since joining Gibson in August, I have had the opportunity to visit all of our operations. Gibson’s critical energy infrastructure spans from touching one in four barrels produced in Western Canada to exporting Permian & Eagle Ford barrels through one of the largest crude export terminals in the United States. It is impressive to see firsthand our asset base and meet the passionate talented teams that support it.”

    Financial Highlights:

    • Revenue of $2,900 million in the third quarter, a $325 million or 10% decrease relative to the third quarter of 2023, due to lower revenues within the Marketing segment driven by Crude Marketing sales volume
    • Infrastructure adjusted EBITDA(1) of $150 million in the third quarter, a $10 million or 7% increase from the third quarter of 2023, primarily driven by a full quarter of contribution from the Gateway Terminal
    • Marketing adjusted EBITDA(1) of $14 million in the third quarter, a $10 million or 41% decrease from the third quarter of 2023, due to lower contributions from the Refined Products business resulting from compressed refining margins and the Crude Marketing business due to fewer opportunities
    • Adjusted EBITDA(1) on a consolidated basis of $151 million in the third quarter, a $2 million or 1% increase over the third quarter of 2023, as higher Infrastructure adjusted EBITDA(1) offset lower Marketing results
    • Net income of $54 million in the third quarter, a $33 million or 161% increase over the third quarter of 2023, primarily due to one-time transaction and finance costs incurred in relation to the acquisition of the Gateway Terminal in the comparative period, and the factors noted above, partially offset by higher depreciation, amortization, income tax expense and foreign exchange losses
    • Distributable cash flow(1) of $88 million in the third quarter, a $5 million or 5% decrease from the third quarter of 2023, primarily due to higher current income tax expense
    • Dividend payout ratio(2) on a trailing twelve-month basis of 65%, below the Company’s 70% – 80% target
    • Net debt to adjusted EBITDA ratio(2) at September 30, 2024 of 3.2x, within the Company’s 3.0x – 3.5x target

    Strategic Developments and Highlights:

    • On July 15, 2024, Gibson announced the extension of a long-term contract with an investment grade global E&P company at its Gateway Terminal which further enhanced the quality of the Company’s cash flows, as well as the sanction of a connection to the Cactus II Pipeline, providing customers with access to up to approximately 700,000 barrels per day of incremental supply

    (1) Adjusted EBITDA and distributable cash flow are non-GAAP financial measures. See the “Specified Financial Measures” section of this release.
    (2) Net debt to adjusted EBITDA ratio and dividend payout ratio are non-GAAP financial ratios. See the “Specified Financial Measures” section of this release.

    Management’s Discussion and Analysis and Financial Statements
    The 2024 third quarter Management’s Discussion and Analysis and unaudited Condensed Consolidated Financial Statements provide a detailed explanation of Gibson’s financial and operating results for the three months and nine months ended September 30, 2024, as compared to the three months and nine months ended September 30, 2023. These documents are available at www.gibsonenergy.com and on SEDAR+ at www.sedarplus.ca.

    Earnings Conference Call & Webcast Details
    A conference call and webcast will be held to discuss the 2024 third quarter financial and operating results at 7:00am Mountain Time (9:00am Eastern Time) on Wednesday, October 30, 2024.

    To register for the call, view dial-in numbers, and obtain a dial-in PIN, please access the following URL:

    Registration at least five minutes prior to the conference call is recommended. 

    This call will also be broadcast live on the Internet and may be accessed directly at the following URL:

    The webcast will remain accessible for a 12-month period at the above URL.

    Supplementary Information
    Gibson has also made available certain supplementary information regarding the 2024 third quarter financial and operating results, available at www.gibsonenergy.com.

    About Gibson
    Gibson is a leading liquids infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products. Headquartered in Calgary, Alberta, the Company’s operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside, Texas, and a facility in Moose Jaw, Saskatchewan.

    Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange. For more information, visit www.gibsonenergy.com.

    Forward-Looking Statements
    Certain statements contained in this press release constitute forward-looking information and statements (collectively, forward-looking statements). All statements other than statements of historical fact are forward-looking statements. The use of any of the words ‘‘anticipate’’, ‘‘plan’’, ‘‘contemplate’’, ‘‘continue’’, ‘‘estimate’’, ‘‘expect’’, ‘‘intend’’, ‘‘propose’’, ‘‘might’’, ‘‘may’’, ‘‘will’’, ‘‘shall’’, ‘‘project’’, ‘‘should’’, ‘‘could’’, ‘‘would’’, ‘‘believe’’, ‘‘predict’’, ‘‘forecast’’, ‘‘pursue’’, ‘‘potential’’ and ‘‘capable’’ and similar expressions are intended to identify forward looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release. The Company does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to, the risks and uncertainties described in “Forward-Looking Information” and “Risk Factors” included in the Company’s Annual Information Form and Management’s Discussion and Analysis, each dated February 20, 2024, as filed on SEDAR+ and available on the Gibson website at www.gibsonenergy.com.

    For further information, please contact:

    Investor Relations:
    (403) 776-3077
    investor.relations@gibsonenergy.com

    Media Relations:
    (403) 476-6334
    communications@gibsonenergy.com

    Specified Financial Measures

    This press release refers to certain financial measures that are not determined in accordance with GAAP, including non-GAAP financial measures and non-GAAP financial ratios. Readers are cautioned that non-GAAP financial measures and non-GAAP financial ratios do not have standardized meanings prescribed by GAAP and, therefore, may not be comparable to similar measures presented by other entities. Management considers these to be important supplemental measures of the Company’s performance and believes these measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in industries with similar capital structures.

    For further details on these specified financial measures, including relevant reconciliations, see the “Specified Financial Measures” section of the Company’s MD&A for the three and nine months ended September 30, 2024 and 2023, which is incorporated by reference herein and is available on Gibson’s SEDAR+ profile at www.sedarplus.ca and Gibson’s website at www.gibsonenergy.com.

    a) Adjusted EBITDA

    Noted below is the reconciliation to the most directly comparable GAAP measures of the Company’s segmented and consolidated adjusted EBITDA for the three and nine months ended September 30, 2024, and 2023:

    Three months ended September 30, Infrastructure Marketing Corporate and Adjustments Total
    ($ thousands) 2024   2023   2024   2023   2024   2023   2024   2023  
                           
    Segment profit 150,271   137,727   14,183   17,900       164,454   155,627  
    Unrealized (gain) loss on derivative financial instruments (1,553 ) 740   25   6,059       (1,528 ) 6,799  
    General and administrative         (13,004 ) (14,258 ) (13,004 ) (14,258 )
    Adjustments to share of profit from equity accounted investees 1,166   1,432           1,166   1,432  
    Executive transition costs             251     251    
    Renewable power purchase agreement         (175 )   (175 )  
    Other                
    Adjusted EBITDA 149,884   139,899   14,208   23,959   (12,928 ) (14,258 ) 151,164   149,600  
                           
    Nine months ended September 30, Infrastructure Marketing Corporate and Adjustments Total
    ($ thousands) 2024   2023   2024   2023   2024   2023   2024   2023  
                         
    Segment profit 446,566   336,483   69,391   123,962       515,957   460,445  
    Unrealized loss (gain) on derivative financial instruments 3,746   740   (1,884 ) (6,872 )     1,862   (6,132 )
    General and administrative         (51,920 ) (38,677 ) (51,920 ) (38,677 )
    Adjustments to share of profit from equity accounted investees 4,071   4,293           4,071   4,293  
    Executive transition costs         10,665     10,665    
    Renewable power purchase agreement         (175 )   (175 )  
    Other           218     218  
    Adjusted EBITDA 454,383   341,516   67,507   117,090   (41,430 ) (38,459 ) 480,460   420,147  
                                     
      Three months ended September 30,
     
    ($ thousands) 2024   2023  
         
    Net Income 53,916   20,633  
         
    Income tax expense 14,573   7,678  
    Depreciation, amortization, and impairment charges 44,289   38,542  
    Finance costs, net 32,545   50,222  
    Unrealized (gain) loss on derivative financial instruments (1,528 ) 6,799  
    Corporate unrealized (gain) loss on derivative financial instruments (1) (1,934 ) 430  
    Stock based compensation 4,747   6,455  
    Acquisition and integration costs   19,959  
    Adjustments to share of profit from equity accounted investees 1,166   1,432  
    Corporate foreign exchange loss (gain) and other 3,139   (2,550 )
    Executive transition costs 251    
    Adjusted EBITDA 151,164   149,600  
             
      Nine months ended September 30,
     
    ($ thousands) 2024   2023  
           
    Net Income 157,737   160,910  
           
    Income tax expense 46,205   50,864  
    Depreciation, amortization, and impairment charges 131,452   94,788  
    Finance costs, net 104,285   80,357  
    Unrealized loss (gain) on derivative financial instruments 1,862   (6,132 )
    Corporate unrealized loss (gain) on derivative financial instruments (1) 6,707   430  
    Stock based compensation 15,158   15,344  
    Acquisition and integration costs 1,371   19,959  
    Adjustments to share of profit from equity accounted investees 4,071   4,293  
    Corporate foreign exchange loss (gain) and other 947   (666 )
    Executive transition costs 10,665    
    Adjusted EBITDA 480,460   420,147  
             

    b) Distributable Cash Flow

    The following is a reconciliation of distributable cash flow from operations to its most directly comparable GAAP measure, cash flow from operating activities:

      Three months ended September 30,
      Nine months ended September 30,
     
    ($ thousands) 2024   2023   2024   2023  
             
    Cash flow from operating activities 404,794   190,015   531,178   419,254  
    Adjustments:        
    Changes in non-cash working capital and taxes paid (258,264 ) (61,420 ) (64,620 ) (14,921 )
    Replacement capital (13,023 ) (12,876 ) (24,260 ) (25,702 )
    Cash interest expense, including capitalized interest (34,045 ) (32,290 ) (102,405 ) (65,677 )
    Acquisition and integration costs (1)   19,959   1,371   19,959  
    Executive transition costs 7,433     10,665    
    Lease payments (8,144 ) (8,575 ) (24,178 ) (26,268 )
    Current income tax (10,582 ) (1,860 ) (23,633 ) (23,800 )
    Distributable cash flow 88,169   92,953   304,118   282,845  
                     
    Twelve months ended September 30,
     
    ($ thousands) 2024   2023  
         
    Cash flow from operating activities 686,780   489,312  
    Adjustments:    
    Changes in non-cash working capital and taxes paid (57,133 ) 47,812  
    Replacement capital (34,486 ) (32,559 )
    Cash interest expense, including capitalized interest (136,861 ) (81,966 )
    Acquisition and integration costs (1) 3,454   19,959  
    Executive transition costs 10,665    
    Lease payments (33,806 ) (34,035 )
    Current income tax (31,550 ) (37,218 )
    Distributable cash flow 407,063   371,305  
             

    c) Dividend Payout Ratio

    Twelve months ended September 30,
     
      2024   2023  
    Distributable cash flow 407,063   371,305  
    Dividends declared 263,050   226,755  
    Dividend payout ratio 65 % 61 %
             

    d) Net Debt To Adjusted EBITDA Ratio

      Twelve months ended September 30,
     
      2024   2023  
         
    Current and long-term debt 2,528,454   2,645,904  
    Lease  liabilities 50,246   67,862  
    Less: unsecured hybrid debt (450,000 ) (450,000 )
    Less: cash and cash equivalents (55,584 ) (54,464 )
         
    Net debt 2,073,116   2,209,302  
    Adjusted EBITDA 650,141   557,481  
    Net debt to adjusted EBITDA ratio 3.2   4.0  
             

    The MIL Network

  • MIL-OSI: Enovix and Leading Smartphone OEM Execute Development Agreement for Mass Production in 2025

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) — Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, announced today that it executed a development agreement with one of the leading global smartphone OEMs with top 5 market share in China. Under the terms of the agreement and subject to applicable milestones, the companies will develop a 100% active silicon anode battery customized for specific smartphone models targeted for launch in Q4 2025. The company now has agreements with 2 of the leading smartphone OEMs and has further sales momentum building in IoT and EV markets.

    Enovix’s CEO Raj Talluri commented, “We are thrilled to formalize this relationship, and we see it as a proof point of smartphones needing batteries with much higher energy density and capacity to satisfy the needs of AI enabled apps. Upon meeting specified milestones in this new agreement, we will enter the smartphone market in 2025 with high-volume production out of Fab2 in Malaysia.”

    About Enovix

    Enovix is on a mission to deliver high-performance batteries that unlock the full potential of technology products. Everything from IoT, mobile, and computing devices, to the vehicle you drive, needs a better battery. Enovix partners with OEMs worldwide to usher in a new era of user experiences. Our innovative, materials-agnostic approach to building a higher performing battery without compromising safety keeps us flexible and on the cutting-edge of battery technology innovation.

    Enovix is headquartered in Silicon Valley with facilities in India, Korea and Malaysia. For more information visit www.enovix.com and follow us on LinkedIn.

    Forward Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about us and our industry that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “believe”, “will”, “may”, “estimate”, “continue”, “anticipate”, “intend”, “should”, “plan”, “expect”, “predict”, “could”, “potentially”, “target”, “project”, “believe”, “continue” or the negative of these terms or similar expressions. Forward-looking statements in this press release include, but are not limited to, statements regarding the applicable OEM agreement, including, without limitation, with respect to our ability to successfully develop a 100% active silicon anode battery customized for a specific smartphone model, our ability to satisfy applicable contract milestones and other terms, and our ability to achieve high-volume production out of Fab2 in Malaysia in 2025. Actual results could differ materially from these forward-looking statements as a result of certain risks and uncertainties. For additional information on these risks and uncertainties and other potential factors that could affect our business and financial results or cause actual results to differ from the results predicted, please refer to our filings with the Securities and Exchange Commission (the “SEC”), including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our most recently filed annual periodic reports on Form 10-K and quarterly reports on Form 10-Q and other documents that we have filed, or that we will file, with the SEC. Any forward-looking statements made by us in this press release speak only as of the date on which they are made and subsequent events may cause these expectations to change. We disclaim any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise, except as required by law.

    For media and investor inquiries, please contact:
    Enovix Corporation
    Robert Lahey
    Email: ir@enovix.com

    The MIL Network

  • MIL-OSI Video: Department of State Daily Press Briefing – October 29, 2024

    Source: United States of America – Department of State (video statements)

    Spokesperson Matthew Miller leads the Department Press Briefing, at the Department of State, on October 29, 2024.

    ———-
    Under the leadership of the President and Secretary of State, the U.S. Department of State leads America’s foreign policy through diplomacy, advocacy, and assistance by advancing the interests of the American people, their safety and economic prosperity. On behalf of the American people we promote and demonstrate democratic values and advance a free, peaceful, and prosperous world.

    The Secretary of State, appointed by the President with the advice and consent of the Senate, is the President’s chief foreign affairs adviser. The Secretary carries out the President’s foreign policies through the State Department, which includes the Foreign Service, Civil Service and U.S. Agency for International Development.

    Get updates from the U.S. Department of State at www.state.gov and on social media!
    Facebook: https://www.facebook.com/statedept
    Twitter: https://twitter.com/StateDept
    Instagram: https://www.instagram.com/statedept
    Flickr: https://flickr.com/photos/statephotos/

    Subscribe to the State Department Blog: https://www.state.gov/blogs
    Watch on-demand State Department videos: https://video.state.gov/
    Subscribe to The Week at State e-newsletter: http://ow.ly/diiN30ro7Cw

    State Department website: https://www.state.gov/
    Careers website: https://careers.state.gov/
    White House website: https://www.whitehouse.gov/
    Terms of Use: https://state.gov/tou

    #StateDepartment #DepartmentofState #Diplomacy

    https://www.youtube.com/watch?v=TmJNcMSQbh4

    MIL OSI Video

  • MIL-OSI USA: Schumer, Gillibrand Secure Nearly $12 Million To Replace Bridge Street Bridge Over Schoharie Creek

    US Senate News:

    Source: United States Senator for New York Kirsten Gillibrand

    Senators Say Fed $$ Will Support Critical Replacement Of 100-Year-Old Bridge Via Bipartisan Infrastructure Law’s Competitive “Bridge Investment Program”

    Schumer, Gillibrand: The Bipartisan Infrastructure & Jobs Law Is Helping Bridge The Gap To Build Long Overdue Projects The Capital Region!

    U.S. Senate Majority Leader Charles E. Schumer and U.S. Senator Kirsten Gillibrand announced $11,600,000 for Schoharie County to replace the Bridge Street bridge over Schoharie Creek as a recipient of the U.S. Department of Transportation’s (DOT) highly competitive Bridge Investment Program. The federal funding, created in the Bipartisan Infrastructure Investment & Jobs Law championed by the senators, will help replace the aging bridge, which is a vital connector in Schoharie County.

    “The Bridge Street bridge is a vital connector in Schoharie County, but after 100 years of use, it is nearing the end of its useful life. This $11.6 million will boost efforts to replace the bridge and restore this vital connector for Schoharie County,” said Senator Schumer. “The next closest bridge over Schoharie Creek is more than 20 minutes away. When considering emergency vehicles, that 20 minutes is vital. New York State has already put a weight restriction on the bridge due to its condition, and it’s vital that we build a replacement bridge as soon as possible to keep people safe and to maximize ease of transport and economic efficiency. I fought to create the Bridge Investment Program in our Bipartisan Infrastructure & Jobs Law because I know how important boosting federal investment in bridges is to protecting travelers’ safety while creating good-paying jobs. I’m proud that the law is continuing to deliver for the Capital Region.”

    “Infrastructure like the Bridge Street bridge helps local economies thrive, plays a vital role in protecting public safety, and connects communities,” said Senator Gillibrand. “Bridge Street serves as a crucial overpass for emergency vehicles, farm vehicles, and citizens of Schoharie County, and its replacement is long overdue. I’m proud to have fought for the passage of the Bipartisan Infrastructure Law and helped secure this funding for the Capital Region. I will continue working to deliver federal dollars to New York for the improvement of our infrastructure.”

    “We are deeply grateful to Senator Schumer, Senator Gillibrand, Lieutenant Governor Delgado, Congresswoman Stefanik and all the bipartisan supporters for securing the $11.6 million needed for Schoharie’s new Bridge Street Bridge. This bridge is essential for our town—it boosts the safety and efficiency of our roads, ensures emergency responders can act quickly, supports our farmers who rely on it, and links our community hubs. This investment is a big win for everyone in Schoharie County, showing a strong commitment to enhancing our critical infrastructure,” said Benjamin Oevering, Supervisor, Town of Schoharie.

    The Bridge Street bridge is a vital connector in Schoharie County, but after 100 years of use, it is nearing the end of its useful life. The federal funding secured by the senators will help the county build a new bridge, increasing safety and creating jobs. New York State has put a weight restriction on the bridge due to its condition, and the County is concerned that further disrepair could eventually limit its use by emergency vehicles. The nearest bridge is approximately 10 miles away, adding 20-25 minutes in commute time. The senators also said that farm vehicles use the bridge regularly, and the bridge is vital to the County’s thriving rural agriculture economy.

    The senators explained that the Bipartisan Infrastructure Investment and Jobs Act included $12.5 billion appropriated annually over five years (FY 22-26) to help plan, replace, rehabilitate, protect, and preserve some of the nation’s largest bridges, ensuring that they remain operational, support local economies, strengthen supply chains, and improve safety. The Capital Region was one of the first in the nation to tap into this federal funding when Schumer and Gillibrand secured $21 million to repair and modernize the Castleton-on-Hudson Bridge in April 2023.

    MIL OSI USA News

  • MIL-OSI USA: SCHUMER ANNOUNCES FIVE NEW YORK TEAMS ADVANCE TO NEXT ROUND OF NATIONAL SCIENCE FOUNDATION “INNOVATION ENGINES” PROGRAM – CREATED BY SCHUMER’S CHIPS & SCIENCE LAW – TO COMPETE FOR UP TO $160 MILLION…

    US Senate News:

    Source: United States Senator for New York Charles E Schumer

    Last Year, Schumer-Supported And Binghamton University-Led Battery Research Hub Won Inaugural NSF Engines Competition, And This Year Even More From NY Are Competing For Funding As The Contest Launches For Second Year

    Schumer Says 5 NY-Based Projects Were Selected – The Most Of Any State – Ranging From University At Buffalo AI Research To Rochester’s Laser Lab To Cornell’s New Technology For Upstate Dairy Farmers And More; All To Spur New Innovations And Good-Paying Jobs

    Schumer: NY Is Leading The Charge To Boost American Innovation And Economic Leadership!

    U.S. Senate Majority Leader Chuck Schumer today announced that five New York teams have advanced to the next round of consideration for federal investment through the National Science Foundation’s Regional “Innovation Engines” Competition (NSF Engines), which was created by his CHIPS & Science Law.

    The five teams include projects ranging from the University of Rochester’s effort to develop cutting-edge laser technology, to the University at Buffalo-led AI for Health Equity, to Cornell University leading sustainable dairy innovation, to FuzeHub strengthening Upstate NY’s microelectronics manufacturing, to CUNY bolstering the tristate region’s biotechnology sector.  Schumer said these five projects in NY, along with a total of 71 teams across the country, will now submit full proposals to compete for up to $160 million in federal investment from the CHIPS & Science Law. You can read more about this year’s competition here. 

    “I created the NSF Regional Innovation Engines program in my CHIPS & Science Law with New York’s world-renowned universities and innovation ecosystem in mind. I’m thrilled to see five NY-based teams reach the next round in the competition for major federal investment to boost American innovation, new jobs, and economic leadership,” said Senator Schumer. “From Buffalo pioneering the next generation of AI to Cornell discovering new technology to help our Upstate dairy farmers to Rochester powering the future of laser development, these projects show how NY can lead our nation in developing the technology and jobs of the future. The NSF is saying what I have long known: keeping America at the cutting edge of innovation across industries begins in New York. This major federal funding can help translate more research and development at New York’s universities into new businesses and new, good-paying jobs across the state, boosting New York to further lead the charge in powering America’s economic preeminence.”

       

    More details on the five New York-based proposals can be found below:

    • The University of Rochester’s proposal, officially named “STELLAR: Advancing Laser Technologies in the Rochester NY/Finger Lakes Region,” is focused on establishing a diverse coalition of partners in the Rochester-Finger Lakes region to accelerate laser discovery, technological advancement, education, and company creation, drive manufacturing and boost workforce development in order to help recapture U.S. national competitiveness and strengthen our security. The STELLAR Engine will foster laser-oriented workforce development, particularly in underserved communities in Rochester and rural communities in the Finger Lakes, accelerate use-inspired R&D, entrepreneurship, and regional business development that will create jobs, build a laser science and technology talent pipeline, bolster the supply chain, and grow and sustain the region’s economy.
    • The University at Buffalo’s proposal, officially named “AI for Health Equity,” will work to utilize artificial intelligence to develop cutting-edge health care solutions, further highlighting Western New York’s leadership in building an AI innovation ecosystem, something Schumer has actively pushed for. The project aims to boost new start-up companies and help partners commercialize AI technology centered on health and wellness. This new technology will aid health care providers and serve as personal assistance to community members. Eventually, the project will expand so that its technology can serve communities beyond Western NY and across the country.
    • Cornell University’s proposal, officially named “Sustainable Utilization of Scalable Technologies & Advanced Innovation for NetZero NY (SUSTAIN Dairy),” aims to reduce waste, create new dairy products, and develop new rural and workforce development opportunities. It is one of five projects in this round that is focused on agriculture and the only project focused on dairy. This proposal aims to develop a holistic, science-based framework for achieving net zero by 2050 from farm to fork through an advanced dairy innovation ecosystem. With dairy manufacturing and family farms scattered throughout rural New York, achieving place-based innovation that builds community wealth is vital for the future success of Upstate New York.
    • CUNY-ARC’s proposal, officially named “Tech-Enabled, Bioinspired & Biomanufacturing Ecosystem (Tri-State Tech-Biome),” aims to address critical regional challenges by creating an ecosystem that accelerates the innovation and commercialization of bio-inspired technologies and materials derived from renewable feedstocks. This work is being done in coordination with industry players and leading research universities in the region.
    • FuzeHub’s proposal, officially named “A Materials Innovation Engine for Manufacturing Sustainability,” will work to mitigate the negative impacts on the environment from manufacturing industries by replacing toxic or scarce components with advanced materials. FuzeHub competed last year for this award as well and was asked to resubmit.

    “I proudly supported the CHIPS and Science Act to pave the way for critical investments like the National Science Foundation’s Regional Innovative Engines program,” said Congressman Joe Morelle. “With the University of Rochester’s STELLAR engine advancing to the next phase, we celebrate Rochester’s legacy in optics and photonics and our designation as a Regional Tech Hub. This milestone honors our community’s pioneering spirit, and I look forward to working with the NSF to elevate Rochester’s role in shaping the future of technology.”

    “I am very pleased that our Science, Technology, and Engineering for Laser and Laser Applications Research (STELLAR) proposal will be advancing to the next stage and can continue to compete for transformative funding focused on creating and growing a diverse, workforce-focused laser ecosystem in Rochester and Upstate New York,” said Thomas Brown, the Director of the University’s Institute of Optics. “Our proposal is the only one to address declining U.S. leadership in laser manufacturing, since lasers are a fundamental enabling technology underpinning the entire internet, chip manufacturing, and a host of other technologies. I particularly thank Senator Schumer for his vision in establishing the regional innovation engines program at the National Science Foundation through his landmark CHIPS and Science Act, our many academic, industry and community partners, and the NSF for their consideration of support.”

    “The NSF Regional Innovation Engines program, created through the CHIPS and Science Act, is strengthening our nation’s manufacturing sector and boosting our global competitiveness,” said Congressman Kennedy. “At the forefront of this progress are five New York based teams that have made it to the next round of the process to receive game-changing federal funding to build on the progress Western New York has made to become a national-leader in the tech space. These teams are making our state and region a leader in innovative manufacturing while creating good-paying union jobs.”

    “As the home of Empire AI, UB is dedicated to leveraging our game-changing artificial intelligence research to alleviate health disparities in underserved populations throughout our region,” said UB President Satish K. Tripathi. “With an NSF Engines award, UB will be able to harness our AI- informed health innovations to improve the health and well-being of individuals and families across Western New York, ultimately growing participation in our region’s economy. On behalf of all of us at the University at Buffalo, I would like to thank Majority Leader Schumer for his steadfast support of UB. In championing federal research funding for institutions of higher education, Senator Schumer is helping UB fuel impactful innovations, contribute measurably to economic development and enhance health outcomes across the lifespan.”

    Last year, Schumer helped the Binghamton University-led Upstate New York Energy Storage Engine win the esteemed competition in its inaugural year, bringing $15 million in federal funding immediately, with up to $160 million total over the life of the program from the NSF to supercharge growth and cutting-edge research in battery development and manufacturing in Upstate NY. The projects selected this year will build upon the inaugural cohort’s work developing new state-of-the-art technology.

    Schumer created the NSF’s Regional Innovation Engines Program in his CHIPS & Science Law as a program that falls under the newly created NSF Directorate of Technology, Innovation, and Partnerships.  Schumer proposed the creation of this Directorate originally in his bipartisan Endless Frontier Act, with a focus on delivering investment in research, workforce training, and entrepreneurship in key technology areas like AI, semiconductors, quantum computing, biotechnology, climate-smart research, advanced materials, and more. The NSF Regional Innovation Engines program catalyzes and fosters innovation ecosystems across the United States to promote and stimulate economic growth, job creation, and spur regional innovation.

    Each NSF Engine can receive up to $160 million over 10 years; actual amounts will be subject to a given NSF Engine’s status and overall progress, as assessed annually. The teams selected in this recent announcement will submit full proposals to NSF by February 2025, with final awards made next year, pending appropriations.  

    MIL OSI USA News

  • MIL-OSI Asia-Pac: Prime Minister lays foundation stone of four Centres of Excellence at National Institute of Pharmaceutical Education and Research (NIPER) Ahmedabad, Hyderabad, Guwahati and Mohali

    Source: Government of India

    Prime Minister lays foundation stone of four Centres of Excellence at National Institute of Pharmaceutical Education and Research (NIPER) Ahmedabad, Hyderabad, Guwahati and Mohali

    Major boost to Make in India initiative in the healthcare sector: Prime Minister inaugurates five projects under Production Linked Incentive (PLI) scheme for medical devices and bulk drugs at Gujarat, Telangana, Karnataka, Andhra Pradesh and Himachal Pradesh

    Inauguration of these manufacturing plants would play a key role in manufacturing of advanced medicine and high quality stents and implants and further India’s growth: PM Shri Narendra Modi

    India’s biggest Jan Aushadhi Kendra at AIIMS, New Delhi inaugurated by PM today

    Posted On: 29 OCT 2024 6:21PM by PIB Delhi

    Prime Minister Shri Narendra Modi inaugurated and laid the foundation stone of multiple projects related to the health sector, including the Pharma sector, on the occasion of Dhanvantari Jayanti and 9th Ayurveda Day, today at All India Institute of Ayurveda (AIIA), New Delhi. Union Minister for Health and Family Welfare & Chemicals & Fertilizers, Shri J P Nadda, and Ms. Anupriya Patel, Minister of State for Health and Family Welfare & Chemicals & Fertilizers were present on the occasion among others.

    The Prime Minister laid the foundation stone of four Centres of Excellence at National Institute of Pharmaceutical Education and Research (NIPER) Ahmedabad in Gujarat for medical devices, NIPER Hyderabad in Telangana for bulk drugs, NIPER Guwahati in Assam for phytopharmaceuticals, and NIPER Mohali in Punjab for anti-bacterial anti-viral drug discovery and development.

    Also, in a major boost to Make in India initiative in the healthcare sector, Prime Minister inaugurated five projects under the Production Linked Incentive (PLI) scheme for medical devices and bulk drugs at Vapi in Gujarat, Hyderabad in Telangana, Bengaluru in Karnataka, Kakinada in Andhra Pradesh and Nalagarh in Himachal Pradesh. These units will manufacture high-end medical devices, such as body implants and critical care equipment, along with important bulk drugs.

    Addressing the gathering, the Prime Minister noted that the progress of a nation is directly proportional to the health of its citizens, the Prime Minister highlighted the government’s priority to the health of its citizens and outlined the five pillars of health policy. He listed the five pillars as preventive healthcare, early detection of ailments, free and low-cost treatment and medicines, availability of doctors in small towns and lastly expansion of technology in health services.

    The Prime Minister mentioned that inauguration of these manufacturing plants would play a key role in manufacturing of advanced medicine and high quality stents and implants and further India’s growth.

    Prime Minister Shri Narendra Modi also inaugurated the biggest Jan Aushadhi Kendra of the country at the All-India Institute of Medical Sciences (AIIMS), New Delhi today The main objective of this kendra is providing affordable and quality medicines to the patients visiting AIIMS for treatment of various ailments.

    The Jan Aushadhi Kendra has been set up by the Pharmaceuticals & Medical Devices Bureau of India (PMBI) which is the implementing agency of PMBJP. This Kendra, spanning an area of 1,724 square feet, aims to provide over 2,047 quality generic medicines and 300 surgical devices at prices significantly lower than their branded counterparts. Price of Jan Aushadhi Medicines is cheaper by at least 50% and in some cases by 80% to 90% of the market price of branded medicines.

    Reiterating the government’s priority to reduce the cost of treatment, be it the poor or middle class, the Prime Minister mentioned the launch of more than 14,000 PM Jan Aushadhi Kendras across the country where medicines are available at 80 percent discount. He informed that the poor and middle class have managed to save Rs 30,000 crore due to availability of affordable medicines through the Janaushadhi Kendras.

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  • MIL-OSI Asia-Pac: India’s Cyber Swachhta Abhiyaan, a step to build safer Digital India by educating and empowering the youth

    Source: Government of India (2)

    Posted On: 29 OCT 2024 5:52PM by PIB Delhi

     The National Security Council Secretariat (NSCS) and the United Service Institution of India (USI) organized the Quad Cyber Challenge as part of the “Cyber Swachhta Abhiyaan” – India’s Cyber Hygiene Campaign. The Quad Cyber Challenge event was announced by the Quad Leaders’ to strengthen responsible cyber ecosystems, promote public resources, and raise cyber security awareness. The theme of this year’s Challenge is promoting cyber security education and building a strong workforce. In this event, eminent cyber security experts undertook awareness workshops for students and faculty members, not only to motivate them to adopt cyber hygiene habits, but also to opt for cyber security as a career option.

    This event has been supported by Kendriya Vidyalaya Sangathan and had participation of Principals, Faculties and Students from ten Kendriya Vidyalaya Schools.

    The speakers highlighted that Cyber Security is a priority area for our country and that the role of Education in Cyber Security is paramount and plays a pivotal role in combating cyber threats. Hence, Schools must include cyber security awareness modules in their curriculum not only for promoting cyber security education but also to encourage the students to take up Cyber Security as a career option.

    The National Cyber Security Coordinator of India encouraged students to develop cyber hygiene and highlighted that the Cyber Swachhta Abhiyaan is a significant step towards building a cyber-secure India. By educating and empowering our youth, we can create a generation that is well-equipped to navigate the digital world safely and responsibly. The Quad Cyber Challenge is an international collaborative step to thematically take up the awareness campaigns in building cyber security and resilience in respective countries.

    The eminent speakers in the event conducted awareness workshops for students and faculty members, not only to motivate them to adopt better practices in cyber domain, but also encourage them to choose cyber security domains in their future career paths, especially for women. The Experts talked about Cyber Law, Cybercrime & investigation aspects, Digital Forensics, Cyber Security career options and online safety initiatives for children.  

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  • MIL-OSI Asia-Pac: Prime Minister Shri Narendra Modi Inaugurates, Lays Foundation Stone of several projects and Launches various Health Programmes across 4 Ministries on Dhanvantari Jayanti, significantly enhancing health infrastructure across the country

    Source: Government of India

    Prime Minister Shri Narendra Modi Inaugurates, Lays Foundation Stone of several projects and Launches various Health Programmes across 4 Ministries on Dhanvantari Jayanti, significantly enhancing health infrastructure across the country

    Various initiatives amounting to more than Rs. 12,855 Cr, include projects worth more than Rs. 5502 Cr under the Ministry of Health & Family Welfare; Rs. 5187 Cr under Dept. of Pharmaceuticals, Ministry of Chemicals & Fertilizers; Rs. 1641 under ESIC, Ministry of Labour and Employment and Rs. 525.14 Cr under the Ministry of AYUSH

    Prime Minister Unveils Comprehensive Five-Pillar Health Policy Focused on Preventive Care and Accessibility

    Prime Minister Launches Expansion of Health Coverage under AB-PMJAY for citizens of and above 70 years, at a cost of Rs. 3437 Crore

    Every senior citizen in the country aged 70 and above will receive free hospital treatment through the Ayushman Vaya Vandana Card: Prime Minister

    “Health is regarded as the greatest wealth, a concept that is gaining global recognition through Yoga”

    Prime Minister Reiterates Commitment to add 75,000 New MBBS and MD Seats to Meet Rising Demand

    Prime Minister Inaugurates Phase-II of India’s First All India Institute of Ayurveda in New Delhi, Central Drugs Testing Laboratory in Bhubaneswar, Odisha; 3 Government Medical Colleges in Madhya Pradesh; 5 projects under PLI Scheme for medical devices and drugs; 4 Centers of Excellence of AYUSH; and many projects at various AIIMS; Inaugurates ESIC hospital at Indore

    Prime Minister lays Foundation Stone for 5 Nursing Colleges in Madhya Pradesh; 21 Critical Care Blocks under PM-ABHIM in 5 States; 2 Yoga & Naturopathy Institutes in Odisha & Chhattisgarh; upgradation projects at AIIMS New Delhi and Bilaspur; 06 ESI hospitals in 5 States and 4 Centres of Excellence at NIPERs in 4 States

    Prime Minister Launches U-WIN portal for digitalization of Immunization services for pregnant women and children, enhancing access to health services and providing citizens with secure digital identities

    Prime Minister Launches Nationwide Campaign “Desh Ka Prakriti Parikshan Abhiyan” to promote Health Awareness among Citizens

    Posted On: 29 OCT 2024 5:30PM by PIB Delhi

    In a landmark development aimed at strengthening India’s healthcare infrastructure and providing quality healthcare services across the country, Prime Minister Shri Narendra Modi inaugurated and laid the foundation stone of several health infrastructure projects, and launched various health programmes across the Ministry of Health & Family Welfare, Ministry of Ayush, Dept. of Pharmaceuticals, Ministry of Chemicals & Fertilizers, and Employees’ State Insurance Corporation (ESIC) under Ministry of Labour & Employment at an event at All India Institute of Ayurveda (AIIA), here today. The total outlay of these projects amounts to more than 12,855 cr.

    Union Minister of Health and Family Welfare, Shri Jagat Prakash Nadda; Union Minister of Labour and Employment, Dr. Mansukh Mandaviya; Union Minister of State (Independent Charge) for AYUSH and Union MoS for Health and Family Welfare, Shri Prataprao Jadhav; Union Minister of State for Health and Family Welfare, Smt. Anupriya Patel; Union Minister of State for Labour and Employment, Smt. Shobha Karandlaje and Shri Ramvir Singh Bidhuri, South Delhi MP (Lok Sabha) were also present on the occasion.

    Today marks 9th ‘Ayurveda Day’, which is celebrated in India and many other countries on the occasion of Dhanvantari Jayanti. It is a day to celebrate the birth of Lord Dhanvantari, God of Ayurveda. Quoting sages and saints, Prime Minister emphasized that “health is regarded as the greatest wealth, a concept that is gaining global recognition through Yoga”. He expressed joy that Ayurveda Diwas is now celebrated in over 150 countries, highlighting the increasing global interest in Ayurveda and India’s ancient contributions to the world.

    Prime Minister said that in the past decade, the country had witnessed beginning of a new chapter in the health sector with amalgamation of knowledge of Ayurveda with Modern medicine, adding that the All India Institute of Ayurveda had been a focal point of this chapter. He noted that it would be possible to see ancient techniques like Panchakarma infused with modern technology in this institute along with advanced research studies in the fields of Ayurveda and medical science.

    Prime Minister underscored that “a nation’s progress is closely linked to the health of its citizens”, outlining the government’s commitment to healthcare through five key pillars: preventive healthcare, early disease detection, affordable treatment and medications, increased doctor availability in smaller towns, and technological advancements in health services. He stated that India’s approach to health is holistic and highlighted recent projects worth over ₹13,000 crores, including four Centers of Excellence under the Ayush Health scheme, drone service expansions, new infrastructure at various AIIMS, and the establishment of medical colleges. He expressed satisfaction with hospitals being built for laborers, which will serve as dedicated treatment centres. The inauguration of pharmaceutical units aimed at manufacturing advanced medicines and quality stents and implants was also mentioned.

    Reflecting on the struggles many families face due to illness, especially in poorer households, Shri Modi noted that people previously had to sell their possessions for medical care. He said that “to alleviate this burden, the government introduced the Ayushman Bharat Yojana, which covers up to ₹5 lakh in hospitalization costs for the poor”. He highlighted that around 4 crore individuals have benefited from this scheme, ensuring that they receive treatment without financial strain. He expressed pride in expanding the Ayushman Yojana to include free treatment for all citizens over 70 years old, through the Ayushman Vaya Vandana Card, which is universally accessible regardless of income.

    Reiterating the focus on reducing healthcare costs for both the poor and middle class, Prime Minister noted launch of over 14,000 Jan Aushadhi Kendras, providing medicines at an 80% discount and saving citizens ₹30,000 crores. He highlighted reductions in the prices of medical devices like stents and knee implants, preventing a loss of over ₹80,000 crores for the public. He also mentioned the free dialysis scheme and the Mission Indradhanush yojana, aimed at preventing severe diseases and protecting mothers and newborns.

    Prime Minister emphasized the importance of timely diagnosis to mitigate health risks and mentioned the establishment of nearly two lakh Ayushman Arogya Mandirs, facilitating early detection of diseases like cancer and diabetes. He noted that these centres help millions access timely treatment, ultimately reducing costs. Additionally, the government is leveraging technology through the e-Sanjeevani scheme, which has enabled over 30 crore online consultations, significantly lowering healthcare expenses. He announced the launch of the U-win platform, enhancing access to health services in India by providing citizens with secure digital identities. The Made-in-India digital platform will benefit 2.9 crore pregnant women and 2.6 crore infants annually by fully digitalising the complete vaccination process. It will ensure the timely administration of life-saving vaccines to women and children (from birth to 16 years) against 12 vaccine-preventable diseases under the Ministry of Health and Family Welfare’s flagship Universal Immunization Programme (UIP).

     

    Prime Minister concluded his address by reflecting on the substantial progress in India’s healthcare over the last decade compared to the previous decades, noting the record establishment of new AIIMS and medical colleges. He cited recent inaugurations in states like Karnataka, Uttar Pradesh, Madhya Pradesh, and Andhra Pradesh, as well as new medical colleges being developed. He assured that the increasing number of hospitals correlates with a rise in medical education opportunities, promising that no child’s dream of becoming a doctor would be hindered by lack of options in India, with nearly 1 lakh new MBBS and MD seats added in the past decade and a commitment to announce an additional 75,000 seats in the next five years.

    Speaking on the occasion, Shri JP Nadda said, “the health policy presented today by Prime Minister Shri Narendra Modi has two special features. The first characteristic is that it is holistic; In this, all aspects of preventive, promotional, curative, rehabilitative and palliative have been taken care of. The second feature is that the effort made in bringing all the genres together under one roof is very significant and will always be remembered.”

    He also reiterated that the Union Government will provide a health cover of ₹ 5 lakh to any elderly person above 70 years of age, any woman, any caste, any community, and any area, and will make arrangements for their treatment free of cost, adding that this facility will be available throughout their life.

    Shri Prataprao Jadhav noted that since 2014, Ayurveda’s involvement in global health has gained a new dimension and credited the Prime Minister for his exemplary contribution towards this. He informed that ‘Support Ayurveda’ initiative has been launched with the aim of spreading global awareness of Ayurveda.

    Details of Projects:

    Various projects and facilities falling under the Union Health Ministry amounting to more than Rs. 1133 Cr were inaugurated by the Prime Minister today. These include three Medical Colleges at Mandsaur, Neemuch and Seoni in Madhya Pradesh; facility and service extensions at AIIMS in Bilaspur (Himachal Pradesh); Kalyani (West Bengal), Patna (Bihar), Gorakhpur (Uttar Pradesh), Bhopal (Madhya Pradesh), Guwahati (Assam), and New Delhi where a Jan Aushadhi Kendra was inaugurated; a Super Speciality Block in Government Medical Colleges at Bilaspur (Chhattisgarh); a Central Drugs Testing Laboratory (CDTL) in Gothapatna, Bhubaneswar, Odisha and a Critical Care Block in Bargarh, Odisha.

    In addition, Prime Minister laid the foundation stone for various health infrastructure projects amounting to more than Rs. 925 cr. These include five Nursing Colleges in Madhya Pradesh (Shivpuri, Ratlam, Khandwa, Rajgarh, and Mandsaur); 21 Critical Care Blocks in states of Himachal Pradesh, Karnataka, Manipur & Tamil Nadu, and Rajasthan under PM-ABHIM; and several facilities and service extensions at AIIMS, New Delhi and AIIMS Bilaspur, Himachal Pradesh.

    With the aim of enhancing access to health services in India by providing citizens with fully digitalized immunization services for pregnant women and children and secure digital identities, Prime Minister launched the U-WIN portal today. This Made-in-India digital platform will benefit 2.9 crore pregnant women and 2.6 crore infants annually by fully digitalizing the complete vaccination process. It will ensure the timely administration of life-saving vaccines to pregnant women and children (from birth to 16 years) against 12 vaccine-preventable diseases. As a major addition to the flagship scheme AB PM-JAY, Prime Minister launched expansion of health coverage to all senior citizens aged 70 yrs and above, regardless of their income, at a cost of Rs. 3437 crores.  

    To extend the reach of healthcare services to hard-to-reach areas, Prime Minister launched drone services at 11 Tertiary Care Institutions. These are AIIMS Rishikesh (Uttarakhand), AIIMS Bibinagar (Telangana), AIIMS Guwahati (Assam), AIIMS Bhopal (Madhya Pradesh), AIIMS Jodhpur (Rajasthan), AIIMS Patna (Bihar), AIIMS Bilaspur (Himachal Pradesh), AIIMS Raebareli (Uttar Pradesh, AIIMS Raipur (Chhattisgarh), RIMS Imphal (Manipur) and AIIMS Mangalagiri (Andhra Pradesh). A Helicopter Emergency Medical Services from AIIMS Rishikesh was also launched which will help to deliver speedy medical care by stabilizing and treating trauma victims during flight and onsite. It will cover Uttarakhand and nearby areas within 100 nautical miles. In addition, Prime Minister launched a portal for Allied Healthcare professionals and institutes. This is a centralized database of existing Allied and Healthcare Professionals and institutes. Moreover, State specific Action Plan on Climate Change and Human Health (SAPCCHH) for each State and UT was also launched, which lays out adaptation strategies towards developing climate resilient healthcare services in these States/UTs.

    Under the Dept. of Pharmaceuticals, five projects under Production Linked Incentive (PLI) scheme for Medical Devices and bulk drugs was inaugurated at Vapi (Gujarat); Sultanpur, (Hyderabad); Bengaluru, (Karnataka); Kakinada (Andhra Pradesh) and Nalagarh (Himachal Pradesh). These units will manufacture high-end medical devices, such as body implants and critical care equipment, along with important bulk drugs like Penicillin-G and Clavulanic Acid. These initiatives support India’s goal of reducing import dependence and enhancing local manufacturing capabilities in medical devices and bulk drugs. Prime Minister also laid the foundation stone of four Centres of Excellence at NIPER –Ahmedabad (Gujarat) for Medical Devices; NIPER Hyderabad (Telangana) for Bulk Drugs; NIPER, Guwahati (Assam) for Phytopharmaceuticals; and NIPER – Mohali (Punjab) for Anti-Bacterial Anti-Viral Drug Discovery and Development. The total outlay for the Dept. of Pharmaceutical projects is about Rs. 5187 crores.

    In addition, under Ministry of Labour and Employment, Prime Minister inaugurated a 300 bedded ESIC Hospital which is upgradable to 500 beds at Indore (Madhya Pradesh), and laid the foundation stone for various ESI Hospitals across Faridabad (Haryana), Bommasandra (Karnataka) & Narasapur, Indore (Madhya Pradesh), Meerut (Uttar Pradesh), and Atchutapuram (Andhra Pradesh) at a cumulative cost of Rs 1641 crores. These projects will bring healthcare benefits to 55 lakh ESI beneficiaries.

    Under the Ministry of AYUSH, Prime Minister inaugurated Phase II of the All India Institute of Ayurveda (AIIA), originally dedicated in 2017, which includes a 150-bedded Panchakarma hospital, an Ayurvedic pharmacy, a sports medicine unit, and extensive accommodation facilities, all at a cost of over ₹289 crores. To enhance India’s health and wellness solutions, he also laid the foundation for two Central Research Institutes in Yoga and Naturopathy in Odisha and Chhattisgarh, and launched four Centers of Excellence focused on diabetes research, sustainable Ayurvedic solutions, Ayurvedic botanical research, and systems medicine for rheumatoid arthritis. Additionally, a nationwide health awareness campaign, “Desh Ka Prakriti Parikshan Abhiyan,” was launched with 470,000 volunteers, aiming to revolutionize public health awareness and attempt multiple Guinness World Records.

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  • MIL-OSI Asia-Pac: Prime Minister Shri Narendra Modi Launches, Inaugurates and Lays Foundation Stone of Multiple Health Sector Projects Worth Over Rs. 12,850 Crore on Dhanvantari Jayanti and 9th Ayurveda Day

    Source: Government of India (2)

    Prime Minister Shri Narendra Modi Launches, Inaugurates and Lays Foundation Stone of Multiple Health Sector Projects Worth Over Rs. 12,850 Crore on Dhanvantari Jayanti and 9th Ayurveda Day

    PM Inaugurates and Lays foundation Stone of 7 ESIC Projects worth Rs. 1,641 Crore Benefitting 55 Lakh Beneficiaries

    Prime Minister has Linked Health with Development, Crafting a ‘Sarvajan Hitaya, Sarvajan Sukhaya’ Health Model: Dr. Mandaviya

    ESIC Beneficiaries to Receive Treatment at AB-PMJAY Empanelled Hospitals: Union Minister

    Number of ESIC beneficiaries has Doubled in last 10 Years: Union Minister

    ESIC Network has Expanded from 393 Districts in 2014 to 674 Districts in 2024: Union Minister

    Posted On: 29 OCT 2024 5:04PM by PIB Delhi

    In a momentous event coinciding with Dhanvantari Jayanti and the 9th Ayurveda Day, Prime Minister Shri Narendra Modi launched, inaugurated, and laid the foundation stone of multiple healthcare projects worth over Rs. 12,850 crore at the All India Institute of Ayurveda (AIIA) in New Delhi today. These initiatives signify a substantial boost to healthcare infrastructure across India, aligned with the Prime Minister’s mission of ensuring quality healthcare services nationwide. Notably, seven of these projects pertain to the Employees’ State Insurance Corporation (ESIC) under the Ministry of Labour and Employment, benefiting a vast segment of workers and their families.

    Prime Minister Shri Narendra Modi virtually inaugurated the ESIC Hospital in Indore, Madhya Pradesh, and laid the foundation for six additional ESI hospitals across the country. Collectively, these projects are worth Rs. 1,641 crore and will enhance healthcare access for approximately 55 lakh ESI beneficiaries and their families.

    Addressing the gathering, Prime Minister highlighted the unprecedented progress made in India’s healthcare sector over the past decade, contrasting it with the limited achievements in the previous six to seven decades and said, “In the last 10 years, we have seen a record number of new AIIMS and medical colleges being established”. Referring to today’s occasion, the Prime Minister said that hospitals were inaugurated in Karnataka, Uttar Pradesh, Madhya Pradesh, and Andhra Pradesh.

    Prime Minister also mentioned the foundation stone laying for new medical colleges in Narsapur and Bommasandra in Karnataka, Pithampur in Madhya Pradesh, Achitapuram in Andhra Pradesh, and Faridabad in Haryana. “Additionally, work has begun on the new ESIC Hospital in Meerut, Uttar Pradesh, and a new hospital was inaugurated in Indore”, he added.

    Speaking during the event, Union Minister of Labour & Employment and Youth Affairs & Sports, Dr. Mansukh Mandaviya highlighted the transformative impact of Prime Minister Shri Narendra Modi’s vision, which has integrated healthcare as a cornerstone of India’s development strategy.

    He said, “Prime Minister Shri Narendra Modi has linked health with development, crafting a ‘Sarvajan Hitaya, Sarvajan Sukhaya’ health model that ensures healthcare is accessible, affordable, and available to every citizen.”

    Highlighting the substantial growth in ESIC’s services during the past decade, Dr. Mandaviya stated, “ESIC network has expanded from 393 districts in 2014 to 674 districts across the country. Where under 2 crore families benefitted from health security before 2014, that number has now nearly doubled to almost 4 crore families today.”

    He added, “Similarly, the number of ESIC beneficiaries has almost doubled in the last 10 years, rising from less than 8 crore in 2014 to about 15 crore in 2024. This underscores the success of the government’s efforts in improving quality healthcare for India’s workforce.”

    Dr. Mandaviya stated that, in the coming days, Employees’ State Insurance Corporation (ESIC) will be integrated with Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana (AB-PMJAY). He mentioned that this integration will expand healthcare access for ESIC beneficiaries by enabling them to seek treatment at AB-PMJAY empanelled hospitals nationwide.

    The six new ESI hospitals, for which the foundation stones were laid today, will offer modern facilities and essential medical services:

    1. Bommasandra, Karnataka – 200 bedded ESI hospital
    2. Narsapur, Karnataka – 100 bedded ESI hospital
    3. Pithampur, Madhya Pradesh – 100 bedded ESI hospital
    4. Meerut, Uttar Pradesh – 100 bedded ESI hospital
    5. Atchutapuram, Andhra Pradesh – 30 bedded ESIS hospital
    6. Faridabad, Haryana – Upgraded ESIC Medical College and Hospital, with additional 500 beds, expanding its capacity from 650 to 1150 beds

    Additionally, the 300 bedded ESIC Hospital at Indore, Madhya Pradesh, inaugurated by the Prime Minister, is designed to be expandable to 500 beds. It will benefit around 14 lakh Insured Persons and beneficiaries.

    These ESIC health facilities will provide modern healthcare facilities such as Modular Operation Theatre Complexes, Intensive Care Units, Labour Room Complexes, NICU, PICU, and advanced imaging services. Each facility will be equipped with state-of-the-art medical technology, including liquid medical oxygen plants, CSSD/TSSU units, and Nurse Call systems, catering to both outpatient (OPD) and inpatient (IPD) services.

    Union Minister for Health and Family Welfare & Chemicals & Fertilizers, Shri J P Nadda, Union Minister of State (I/C) for Ministry of Ayush & Union Minister of State for Health & Family Welfare, Shri Prataprao Jadhav, Union Minister of State for Health & Family Welfare and Chemicals & Fertilizers, Smt. Anupriya Patel and Union Minister of State for Labour & Employment and Micro, Small & Medium Enterprises, Sushri Shobha Karandlaje were present on the occasion among others. 

    Full event can be viewed at – https://www.youtube.com/watch?v=rlxy0QfqOZA

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    Himanshu Pathak

     

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  • MIL-OSI Asia-Pac: Union Minister Shri Sarbananda Sonowal flags off ‘Run for Unity’ on the eve of Rashtriya Ekta Diwas

    Source: Government of India (2)

    Union Minister Shri Sarbananda Sonowal flags off ‘Run for Unity’ on the eve of Rashtriya Ekta Diwas

    Minister in the Govt of Assam, Keshab Mahanta as well as the MP for Guwahati LSC, Bijuli Kalita Medhi also joined the event

     Sardar Vallabh Bhai Patel’s invaluable contribution towards the unity of India laid the foundation for country’s path towards a strength & prosperity: Shri Sarbananda Sonowal

    Posted On: 29 OCT 2024 4:13PM by PIB Delhi

    The Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal flagged off ‘Run for Unity’ here today from the Sarusajai sports complex. Organised on the eve of ‘Rashtriya Ekta Diwas,’ Shri Sonowal highlighted the invaluable contribution of Sardar Vallabh Bhai Patel towards unifying the country and laying the foundation for a strong and prosperous nation. The Union Minister was joined by the Minister in the Govt of Assam, Shri Keshab Mahanta along with the MP (Guwahati), Bijuli Kalita Medhi. The event was organised by the Ministry of Ports, Shipping & Waterways, Govt of India along with the Inland Waterways Authority of India (IWAI), with support from the Govt of Assam.

    Speaking on the occasion, the Union Minister, Shri Sarbananda Sonowal, said, “Sardar Vallabhbhai Patel, the “Iron Man of India,” restored the unity and integrity of the nation, laying the foundation for a strong and prosperous India. On the eve of his birth anniversary, we are celebrating ‘Run for Unity’ to bring home the idea of nationhood. The invaluable contribution of Sardar Patel towards integrating and unifying the country at great peril ensured a strong foundation for the India story to take shape. Thanks to this foundation, we are moving ahead to realise the goal of Atmanirbhar Bharat by 2047. With the blessing of Sardar Patel, The Prime Minister Shri Narendra Modi ji is leading the country with the motto of ‘EK BHARAT, SHRESTH BHARAT.’ It gives me immense pleasure to witness all of you, especially the youth, to celebrate the great ideals of Sardar Patel via this ‘Run for Unity.’ The enduring contributions of Bharat Ratna Sardar Patel will continue to inspire every citizen of the country.”

    The run was joined by people from all sections of the society, with predominant participation from the youth and school students. The runners enthusiastically participated, followed the run-in trail built around the Sarusajai stadium to complete it and expressed their will to align with the idea of the run as well as that of Rashtriya Ekta Diwas.

    The Rashtriya Ekta Diwas or the National Unity Day has been celebrated on the birth anniversary of Sardar Vallabh Bhai Patel on 31st October since 2015. On this occasion, the people of the country remember the great icon of nationalism and pledge for unity and integrity of India. Earlier this week, the Prime Minister of India, Narendra Modi during the radio broadcast of ‘Mann Ki Baat’ called upon to celebrate ‘Run for Unity’ today instead of 31 October on account of Deepawali festival.

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  • MIL-OSI USA: Second ‘Moving Beyond Implications’ Conference Aims to Advance Evidence-Based Policy

    Source: US State of Connecticut

    For the second year in a row, an innovative conference that seeks to bridge the gap between research and policymaking in order to advance evidence-based policy solutions is coming to Hartford.

    The “Moving Beyond Implications: Research into Policy” (Moving Beyond) conference will be held on Thursday, Dec. 12, at 12 p.m. at the Legislative Office Building in in the capital city.

    Connecticut researchers will be able to connect with legislators and other policymakers to discuss pressing issues affecting the state ahead of the General Assembly’s 2025 legislative session.

    Kerri Raissian, Scholars Strategy Network Connecticut Chapter (CT SSN) Co-Leader and Director of the UConn Center for Advancing Research, Methods, and Scholarship in Gun Injury Prevention (ARMS), State Rep. Jaime Foster (Ellington, East Windsor, Vernon), and State Rep. Dominique Johnson (Norwalk, Westport) will host this year’s conference.

    Kerri Raissian. (Peter Morenus/UConn Photo)

    CT SSN and UConn’s Institute for Collaboration on Health, Intervention, and Policy (InCHIP) are co-sponsoring the event.

    “We need more opportunities like this one, that pools Connecticut’s collective expertise and connects its researchers, legislators, and policymakers who care deeply about enacting evidence-based policy that improves the lives of Connecticut residents,” says Raissian, who spearheaded the conference with Rep. Foster.

    Researchers can participate in “Moving Beyond” by presenting their policy-relevant research, submitting policy briefs, and attending the conference. Researchers interested in presenting their policy-relevant work to lawmakers, can submit an abstract to CT SSN by Friday, November 1, 2024 at 12PM. Abstracts should be emailed to ctscholarsnetwork@gmail.com and have “Moving Beyond Abstract Submission” as the subject line.

    Presenters can focus on findings from a grant project, paper, or another focused initiative. They may also summarize key or novel findings from their research and the work of other researchers.

    Presentations should be relevant to Connecticut policymakers and identify a link between research and recent legislation, important needs that policy has not addressed, or ways national trends impact the state.

    More information about Moving Beyond, including the program schedule and detailed information for submitting abstracts, is available here.

    Meaningful outcomes have emerged just several months after the first Moving Beyond conference.

    During the State Bond Commission’s latest meeting on October 22, members approved an $11.5 million grant-in-aid to the UConn Indoor Air Quality Initiative to deploy do-it-yourself air purifiers to every public school classroom across the state.

    This was one of the initiatives presented during the first Moving Beyond Conference in January 2024.

    “CT Scholars Strategy Network is delighted to see this outcome,” says Raissian. “It represents the positive outcomes that can emerge when researchers and policymakers have conversations about policy problems and evidence-based solutions. We are excited to once again partner with Rep. Foster, Rep. Johnson, and UConn’s InCHIP to both spark new and facilitate ongoing relationships.”

    The air purifiers, also called Corsi Rosenthal-Boxes and CR-boxes, cost about $4 per student per academic year and can be construct using supplies available at most hardware stores. Students can make the CR-boxes as an accessible STEM project that also significantly improves classroom air quality. The CR-boxes have been found to remove particles that are similar in size to those that carry respiratory viruses like influenza, RSV, and COVID-19.

    More information about the state bonding funds is available here.

    MIL OSI USA News

  • MIL-OSI USA: Hotels and Motels Impacted by Hurricane Helene Can Apply to Operate Under Emergency Operations Plans

    Source: US State of North Carolina

    Headline: Hotels and Motels Impacted by Hurricane Helene Can Apply to Operate Under Emergency Operations Plans

    Hotels and Motels Impacted by Hurricane Helene Can Apply to Operate Under Emergency Operations Plans
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    The North Carolina Department of Health and Human Services and local health departments are working with lodging establishments impacted by Hurricane Helene to help them reopen safely. Hotels and motels are encouraged to submit Emergency Operations Plans to their local health department so they can reopen as quickly as possible while water systems and infrastructure continues to be repaired in western North Carolina.

    “We are working quickly to help businesses get back on their feet following catastrophic damage left behind by Hurricane Helene,” said NC Health and Human Services Secretary Kody H. Kinsley. “For either displaced families or tourism, helping hotels reopen is key to supporting recovery in the region.”

    Lodging establishments must have an approved power and electricity source available and also need an approved water source for bathing, hand washing and laundry service.

    Other important elements include: 

    • The facility is free from sewage or wastewater backing up or accumulating on the property
    • The facility must be able to flush toilets or have a contingency plan for flushing toilets
    • Any food or ice prepared using non-potable water will be discarded
    • Water fixtures with a non-potable water source, like ice machines and water fountains, must be turned off with signs posted that water fixtures cannot be used 

    “Hotels and motels not only serve as lodging for people who are visiting, they also help volunteers and people who need temporary housing while their homes are being repaired from storm damage. We are working with our local partners to get places back open safely and as soon as possible,” said NCDHHS State Environmental Health Director Larry Michael.     

    “We appreciate the support of NCDHHS with the issuance of this emergency operations guidance,” said Lynn Minges President and CEO of the North Carolina Restaurant and Lodging Association. “This re-opening guidance will help expedite the reopening of impacted businesses and help facilitate the process of business and economic recovery for the region during this important tourist season.”

    While western North Carolina continues to rebuild following Hurricane Helene, work is underway to get businesses up and running and many have reopened for visitors. Most highways in western North Carolina have reopened but some closures are still in place. If you have travel plans, make sure you check with your lodging establishment and on the status of the roads on your planned route before you travel. 

    The NCDHHS Division of Public Health recently launched a resource for hospitality operators to assist with environmental health and safety requirements. Operators can reach out directly at EHprepardnessquestions@dhhs.nc.gov or call 919-707-5999. For more information about Hurricane Helene and resources available for people who are impacted, please go to ncdhhs.gov/helene and ncdps.gov/helene. 

    El Departamento de Salud y Servicios Humanos de Carolina del Norte y los departamentos de salud locales están trabajando con los establecimientos de alojamiento afectados por el huracán Helene para ayudarlos a reabrir de manera segura. Se anima a los hoteles y moteles a presentar los planes operativos de emergencia a su departamento de salud local para que puedan reabrir lo más rápido posible mientras se siguen reparando los sistemas de agua y la infraestructura en el oeste de Carolina del Norte.

    “Estamos trabajando rápidamente para ayudar a las empresas a recuperarse tras los daños catastróficos causados por el huracán Helene”, dijo el secretario de Salud y Servicios Humanos de Carolina del Norte, Kody H. Kinsley. “Para las familias desplazadas o el turismo, ayudar a los hoteles a reabrir es clave para apoyar la recuperación en la región”.

    Los establecimientos de alojamiento deben tener una fuente de energía y electricidad aprobada disponible y también necesitan una fuente de agua aprobada para bañarse, lavarse las manos y para el servicio de lavandería.

    Otros elementos importantes incluyen: 

    • La instalación está libre de aguas negras o aguas residuales que se atascan o acumulan en la propiedad
    • La instalación debe poder descargar los inodoros o tener un plan de contingencia para descargar los inodoros
    • Cualquier alimento o hielo preparado con agua no potable será desechado
    • Los accesorios de agua con una fuente de agua no potable, como máquinas de hielo y fuentes de agua, deben apagarse con carteles que indiquen que no se pueden usar accesorios de agua

    “Los hoteles y moteles no solo sirven de alojamiento para las personas que los visitan, sino que también ayudan a los voluntarios y a las personas que necesitan alojamiento temporal mientras se reparan sus viviendas por los daños causados por las tormentas. Estamos trabajando con nuestros socios locales para que los lugares vuelvan a abrirse de manera segura y lo antes posible”, dijo Larry Michael, director estatal de Salud Ambiental del Departamento de Salud y Servicios Humanos de Carolina del Norte (NCDHHS, por sus siglas en inglés).     

    “Agradecemos el apoyo del NCDHHS con la emisión de esta guía de operaciones de emergencia”, dijo Lynn Minges, presidenta y directora ejecutiva de la Asociación de Restaurantes y Alojamiento de Carolina del Norte. “Esta guía de reapertura ayudará a acelerar la reapertura de las empresas afectadas y ayudará a facilitar el proceso de recuperación comercial y económica de la región durante esta importante temporada turística”.

    Mientras que el oeste de Carolina del Norte continúa reconstruyendo después del huracán Helene, se está trabajando para poner en marcha los negocios y muchos han reabierto para los visitantes. La mayoría de las carreteras en el oeste de Carolina del Norte han reabierto, pero algunos cierres siguen vigentes. Si tiene planes de viaje, asegúrese de consultar con su establecimiento de alojamiento y el estado de las carreteras en su ruta planificada antes de viajar.

    La División de Salud Pública del NCDHHS lanzó recientemente un recurso para proveedores de servicios de hotelería para ayudar con los requisitos de salud y seguridad ambiental. Los operadores de estos servicios pueden comunicarse directamente con EHprepardnessquestions@dhhs.nc.gov o llamar al 919-707-5999. Para obtener más información sobre el huracán Helene y los recursos disponibles para las personas afectadas, visite ncdhhs.gov/helene ncdps.gov/helene

    Oct 29, 2024

    MIL OSI USA News

  • MIL-OSI Security: Doctor Sentenced for $54M Medicare Fraud Scheme

    Source: United States Attorneys General 1

    A Texas doctor was sentenced today to 10 years and one month in prison and ordered to pay over $34 million in restitution for his role in a scheme to defraud Medicare by prescribing durable medical equipment and cancer genetic testing without seeing, speaking to, or otherwise treating patients.

    According to court documents, Daniel R. Canchola M.D., 54, of Flower Mound, agreed to electronically sign doctor’s orders for durable medical equipment (DME) and cancer genetic testing that he knew were used to submit false and fraudulent claims to Medicare. From August 2018 through April 2019, Canchola received approximately $30 in exchange for each doctor’s order he signed authorizing DME and cancer genetic test orders that were not legitimately prescribed, not needed, or not used — totaling more than $466,000 in kickbacks. The doctor’s orders Canchola signed were used to submit more than $54 million in false and fraudulent claims to Medicare. According to court filings, the Medicare beneficiaries for whom Canchola prescribed DME and cancer genetic testing were targeted by telemarketing campaigns and at health fairs, and they were induced to submit to the cancer genetic testing and to receive the DME regardless of medical necessity.

    In October 2022, Canchola pleaded guilty to a conspiracy to commit wire fraud.

    Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division; Special Agent in Charge Jason E. Meadows of the Department of Health and Human Services Office of Inspector General (HHS-OIG) Dallas Regional Office; and Chief William Marlowe of the Texas Attorney General’s Medicaid Fraud Control Unit (MFCU) made the announcement.

    HHS-OIG and MFCU investigated the case.

    Assistant Chief Brynn Schiess and Trial Attorney Ethan Womble of the Criminal Division’s Fraud Section prosecuted the case.

    The Fraud Section leads the Criminal Division’s efforts to combat health care fraud through the Health Care Fraud Strike Force Program. Since March 2007, this program, currently comprised of nine strike forces operating in 27 federal districts, has charged more than 5,400 defendants who collectively have billed federal health care programs and private insurers more than $27 billion. In addition, the Centers for Medicare & Medicaid Services, working in conjunction with HHS-OIG, are taking steps to hold providers accountable for their involvement in health care fraud schemes. More information can be found at www.justice.gov/criminal-fraud/health-care-fraud-unit.

    MIL Security OSI

  • MIL-OSI Economics: Members address digitalization, capacity building at trade facilitation meeting

    Source: WTO

    Headline: Members address digitalization, capacity building at trade facilitation meeting

    In line with the Committee’s 2024 theme “Use of Digitalization to Facilitate Trade,” five members – China, El Salvador, Georgia, Jamaica, and Japan – shared national experiences with the use of digitalization in the “Single Window for Trade Facilitation” process. Under the TFA, members undertake to establish a single window enabling traders to submit documentation and data related to the importation, exportation, or transit of goods through a single entry point.
    In addition, another six members – Bolivia, Chile, Fiji, the Kyrgyz Republic, Nicaragua, and Uzbekistan – made presentations at the Committee meeting on different topics related to TFA implementation, such as average release times for goods, pre-arrival processing, electronic certification of cross-border shipment of plastics, digitalization of border procedures, and regional trade facilitation strategies.
    The TFA entered into force in 2017 and contains provisions for expediting the movement, release, and clearance of goods, including goods in transit, thereby enhancing efficiency, and promoting greater cooperation in cross-border transactions. It is the first WTO agreement in which developing members and least developed country (LDC) members can determine their own implementation schedules, in accordance with their national priorities and capacities, and seek to acquire implementation capacity through the provision of related assistance and support.
    Technical assistance and capacity building
    The Committee also organized a dedicated session on 24 October focused on technical assistance and capacity building, which allowed beneficiary and donor members as well as international development partners to interact and exchange ideas on the topic. 
    Members received an update on progress in technical assistance and capacity building support for the next two-year period through 2026, including a status report from the Trade Facilitation Agreement Facility, which was set up to help developing and least developed country (LDC) members in the implementation of the TFA. This year, members redesigned the dedicated session to focus on interactive panel discussions. A first discussion took place on enhancing the coordination of technical assistance and capacity building, followed by a round-table discussion where members involved in both the delivery and receipt of technical assistance and capacity building addressed how to mobilize such support for sustained reform.
    The Chair expressed appreciation for the constructive engagement of all members, which enriched the discussion and highlighted the importance of collaboration and the need to address ongoing challenges for sustained support. Additionally, member insights on coordination, monitoring, and tailored assistance will contribute to strengthening implementation efforts and ensuring that trade facilitation benefits all members, including developing and LDC members.
    Separately, the United States presented a communication on technical assistance and capacity building which outlines considerations regarding its process of delivering technical assistance, including how to identify specific national contacts, prepare for engagement with donors, and contact donors. During the course of the meeting, the United Kingdom also circulated a paper outlining some general guidance that countries could follow to help guide them in seeking and successfully utilising collaboration with donors for capacity building support.
    Other Committee work
    The WTO Secretariat provided a status report concerning the ratification and implementation of the TFA. Notifications submitted by developing and LDC members currently show they have committed to implement 79% of their TFA obligations. Developed members were required to implement all provisions of the TFA from its entry into force.
    Other topics covered during the meeting included the United States’ concern over Indonesia’s customs procedures for intangible products. In addition, members continued discussions on a revised version of a Committee paper entitled “Good Practices and Building Blocks of Successful National Trade Facilitation Committees”, which seeks to reflect the experiences shared by members and international organizations in this area.
    The next committee meetings will be held on 12-13 March, 4-5 June and 21-23 October 2025.
    All presentations made are available here.
    If you would like to receive news on trade facilitation, subscribe to the TFA Newsbytes here.

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    MIL OSI Economics

  • MIL-OSI United Nations: Experts of the Human Rights Committee Commend Ecuador’s National Councils for Equality, Ask about State of Emergency Restrictions and Military Management of Prisons

    Source: United Nations – Geneva

    The Human Rights Committee today concluded its consideration of the seventh periodic report of Ecuador on how it implements the provisions of the International Covenant on Civil and Political Rights, with Committee Experts commending the State’s national councils for equality, and raising issues concerning restrictions imposed under the state of emergency and the deployment of military personnel to manage State prisons. 

    A Committee Expert welcomed that the State party had established national councils for equality.  How had the initiatives of the National Council for Gender Equality contributed to promoting gender equality?

    Another Committee Expert cited reports that freedom of movement and assembly had been considerably curtailed under the state of emergency, and that vulnerable sectors of society had been disproportionately affected by restrictions.  How would the State party ensure that measures taken under the state of emergency were strictly proportionate, time-bound and necessary?

    Under the state of emergency, military personnel had been deployed to administer prisons, the Expert noted.  Was the State party considering gradually withdrawing the military from prisons?  There had been complaints of torture and abuse of authority, as well as murders and arbitrary detention by military personnel in prisons.  Had the State party investigated these and prosecuted any personnel?

    Juan Carlos Larrea, Attorney General of State of Ecuador and head of the delegation, said that the Office of the Attorney General had carried out constant training for members of the national police and armed forces on international human rights and humanitarian law, the use of force, and the rights of persons deprived of liberty. The delegation added that the State party was working to strengthen training for prison staff.  It planned to train almost 7,000 staff over a five-year period.

    The delegation said the National Council for Gender Equality had a mandate to mainstream and monitor public policies on gender equality and promote the rights of women and persons from the lesbian, gay, bisexual, transgender and intersex community.  Some of the goals of the national agenda on equality were to reduce maternal and child mortality and teenage pregnancy, and there had been progress in these areas.

    The delegation said a state of emergency had recently been implemented to confront spiralling acts of violence, terrorism, internal armed conflict, and the prison crisis.  All measures implemented under a state of emergency needed to be time bound and to conform with principles of necessity and proportionality, and all states of emergency were monitored by the Constitutional Court.

    Formerly, Ecuador’s prisons were in effect being run by organised gangs due to a lack of oversight, creating a crisis in the prison system, the delegation said.  The State party had implemented the “Phoenix Plan” to regain control and safety in all prisons.  The armed forces were ensuring physical security in only eight of the 35 adult detention centres in the State. 

    The delegation also said armed forces personnel had been involved in 72 cases of habeas corpus, with personnel cleared of wrongdoing in 68 cases and the remaining cases still being investigated.  A specialised prosecutor’s unit had been established to investigate cases of harm or death caused by the armed forces and the prison service.

    In concluding remarks, Mr. Larrea said Ecuador was fully committed to implementing international human rights law and promoting respect for human rights.  It was facing challenges in the field of human rights, including spiralling international organised crime, but remained committed to addressing these.  The delegation hoped that the Committee would provide concrete recommendations that addressed the complex challenges Ecuador was facing.

    Tania María Abdo Rocholl, Committee Chairperson, in concluding remarks, said the dialogue had addressed historic human rights violations, measures to combat terrorism, reproductive rights, the independence of the judiciary, and the situations of human rights defenders and indigenous peoples, among other topics.  The Committee was committed to its mandate of guaranteeing the highest level of implementation of the Covenant in Ecuador.

    The delegation of Ecuador was made up of representatives of the Ministry for Women and Human Rights; National Council for Gender Equality; National Service for the Comprehensive Care of Adults Deprived of Liberty and Adolescent Offenders; Ministry of Foreign Affairs and Human Mobility; Office of the Attorney General of the State; Ministry of National Defence; and the Permanent Mission of Ecuador to the United Nations Office at Geneva.

    The Human Rights Committee’s one hundred and forty-second session is being held from 14 October to 7 November 2024.  All the documents relating to the Committee’s work, including reports submitted by States parties, can be found on the session’s webpage.  Meeting summary releases can be found here.  The webcast of the Committee’s public meetings can be accessed via the UN Web TV webpage.

    The Committee will next meet in public at 10 a.m. on Monday, 4 November, to hear the presentation of the progress report of the Committee’s Special Rapporteur on Views.

    Report

    The Committee has before it the seventh periodic report of Ecuador (CCPR/C/ECU/7).

    Presentation of the Report

    JUAN CARLOS LARREA, Attorney General of State of Ecuador and head of the delegation, said Ecuador had demonstrated its commitment to the promotion and protection of human rights through the ratification of the 27 United Nations instruments on human rights; the open invitation to the Rapporteurs and Special Procedures of the United Nations and the Inter-American system; timely and continuous submission of periodic reports; and the establishment of the national mechanism for the implementation, follow-up and monitoring of Ecuador’s international human rights recommendations.

    Ecuador had implemented public policies to comply with the provisions of the Covenant.  Notable achievements over the reporting period included the creation of the Ministry of Women and Human Rights; the decriminalisation of abortion in cases of rape; the implementation of the second phase of the spotlight initiative for the eradication of gender-based violence; and actions taken to improve the situation of persons deprived of liberty. 

    The executive had trained 25,844 people on the right to life, freedom of expression and peaceful protest, due process, the right to liberty, free mobility, equality and non-discrimination.  The judiciary had held training events on human rights which benefited 69,624 officials, professional associations and universities.  Similarly, the Office of the Attorney General had carried out constant training for members of the national police and armed forces on international human rights and humanitarian law, the use of force, and the rights of persons deprived of liberty. 

    The organic law on communication created a mechanism to protect the life and integrity of journalists and to develop indicators on murder, kidnapping, forced disappearance, arbitrary detention and torture of journalists.  The State was also developing protocols for their protection and to ensure prevention. So far in 2024, 97 alerts of aggression against media workers had been received.  In response to these, the Communication Council had carried out 78 protective actions, in addition to security workshops in conjunction with the national police and armed forces. 

    The National Council for the Equality of Peoples and Nationalities had drawn up the agenda for the equal rights of indigenous nationalities and peoples, the Afro-Ecuadorian people and the Montubio people. Representatives of organizations and civil society were consulted in its development.  In 2023, the National Council held 14 territorial conferences with members of organizations of Afro-Ecuadorian communities to examine issues related to the Decade for People of African Descent at the national and international levels and move forward with proposals for its fulfilment, from which support for the declaration of a second Decade was concluded.

    ARIANNA TANCA MACCHIAVELLO, Minister for Women and Human Rights, said the Ministry was dedicated to preventing, addressing, repairing and eradicating violence against women, children and adolescents.  The Ministry had 45 comprehensive protection services established within the framework of legislation and the national plan to prevent and eradicate violence against women 2020-2030.  There were State-run centres providing free psychological care, legal advice and social work services to victims of violence against women, and the State had cooperation agreements with shelters and comprehensive care centres.

    The recent establishment of the technical standard to mainstream a gender approach in all public policies and actions reinforced the State’s efforts.  The National Council for Gender Equality had formulated the national agenda for gender equality 2021-2025.  Further, in January 2024, the organic law for equal pay between women and men was approved, and 18 September was declared “Equal Pay Day” to raise awareness in society about the gender pay gap.  In May 2024, a law on reparation for relatives of victims of femicide was approved, which guaranteed family members the right to comprehensive reparation, scholarships and financial aid for children who were orphaned, and to medical and psychiatric care and counselling. 

    Ecuador has prioritised the elimination of sexual abuse and violence against children and adolescents in schools.  Among the main measures adopted were the national plan on the creation of protective educational environments and the public policy for the eradication of sexual violence in education. 

    The State Attorney General’s Office had a policy promoting access to justice for the lesbian, gay, bisexual, transgender and intersex community, which established guidelines for the investigation of hate crimes and discrimination against this group.  In addition, the diversity action plan 2022-2025 was adopted, which established 148 actions and 151 indicators to improve living conditions and guarantee equal rights for this community in Ecuador.  In 2023, a measure was introduced for the identification and prosecution of people and entities who discriminated against others based on sexual orientation, gender identity or expression.  The Ministry of Public Health had prepared a manual of good practices in comprehensive health care for this community.  From 2019 to June 2024, more than 39,000 services were provided for people who self-identified as lesbian, gay, bisexual, transgender and intersex.

    The organic law on human mobility determined the procedures to be followed in the event of inadmissibility at borders, deportation and expulsion, taking into account international standards on non-refoulement.  The extraordinary regularisation process for Venezuelan migrants, which began on 1 August 2022 and was still in force, had provided more than 97,000 exceptional temporary residence visas, including 871 visas for unaccompanied or separated children. Ecuador had been awarded for its good practices regarding recognition of sexual diversity and gender identity within refugee status determination procedures.

    Ecuador was committed to the protection, respect and promotion of human rights, in particular within the framework of the obligations assumed under the Covenant.

    Questions by Committee Experts

    A Committee Expert welcomed measures adopted by Ecuador in recent years to tackle serious human rights issues in the country. What measures had been adopted by the State party to implement the Views of the Committee concerning the cases of Isaías Dassum v. Ecuador and Pérez Barriga et al. v. Ecuador.  Had the State party established a procedure for implementing the Committee’s Views?  Had courts other than the Constitutional Court expressly referred to the Covenant’s provisions?  Could the delegation provide updated figures on training for public officials on the Covenant?  What was the situation of the Ombudsperson’s Office?  Did it have sufficient resources to fulfil its mandate? 

    Vulnerable sectors of society had reportedly been disproportionately affected by restrictions imposed under the state of emergency.  What safeguards were in place in this regard?  Under the state of emergency, military personnel had been deployed to administer prisons.  Was the State party considering gradually withdrawing the military from prisons? There had been complaints of torture and abuse of authority, as well as murders and arbitrary detention, by military personnel in prisons.  Had the State party investigated these and prosecuted any personnel? 

    The Constitutional Court had declared the state of emergency as being unconstitutional in 2023.  Why had the executive continued to maintain it, contrary to the Court’s decision?  Was the current state of emergency being monitored by the Court?  There were reports that freedom of movement and assembly had been considerably curtailed under the state of emergency.  How would the State party ensure that measures taken under the state of emergency were strictly proportionate, time-bound and necessary?

    Another Committee Expert asked for information on cases contained within the Truth Commission’s final report on historic human rights violations that had not been concluded.  Reportedly, a large percentage of cases had not been concluded 14 years after the report was issued.  How many persons had been provided with reparations?

    What court cases had been ruled on regarding terrorism in the last three years?  How was the State party ensuring fair trial guarantees for persons accused of terrorism? Around 35,000 people had reportedly been arrested this year alone on charges of terrorism.

    A Committee Expert welcomed that the State party had established national councils for equality.  What impact had these councils had in promoting equality and preventing discrimination?  How had the initiatives of the National Council for Gender Equality contributed to promoting gender equality?  The State party had provided training for members of the judiciary on sexual orientation and gender identity.  Was this effective in combatting discrimination against lesbian, gay, bisexual, transgender and intersex persons?  What impact had measures to improve health care for lesbian, gay, bisexual, transgender and intersex persons had?  What measures were in place to protect and improve the rights of transgender and intersex persons, including children?

    The police had registered 15,000 complaints of violence against women in 2021.  Had inquiries into these cases contributed to combatting impunity and ensuring reparation for victims?  What progress had been achieved by the plan to bolster training regarding violence against women?  What would be done to speed up the legislative process for cases of violence? How would the State party ensure that women who were victims of violence had access to remedy and appropriate protection mechanisms, including psychosocial and rehabilitation services?

    Another Committee Expert asked about the State party’s position on the United Nations’ human rights protection system.  The Expert welcomed that reform of the Democracy Code in 2020 had introduced gender parity on election lists, and said that there had been positive progress in the implementation of legislation to tackle gender-based violence in the political sphere.  However, there were 23 cases of violence against women politicians between 2022 and 2023, including two femicides, one of a female mayor.  How was the State party working to combat such violence and promote women’s participation in politics, including the participation of minority women? 

    Women’s representation in political bodies continued to be limited, particularly for minority women.  What awareness raising campaigns were in place to address stereotypes concerning women’s role in society?  Could the delegation comment on the implementation of the law on equal opportunities and the “purple economy”?

    There were reports of violence against indigenous peoples by the armed forces in the northern border area; had these been investigated and had cases been prosecuted?  Would the State party provide material reparation to indigenous communities affected by violence and the actions of resource sector companies?

    One Committee Expert said there were concerns regarding gaps in the protection system for the children of victims of violence. What steps had been taken to protect vulnerable children and to guarantee a sustainable budget for support payments for victims, so that families of victims could benefit? 

    The Committee was concerned by the high number of girls being subjected to sexual abuse, rape and incest.  Violence against girls in schools was reportedly endemic and girls were discouraged from reporting sexual attacks.  What measures were in place to protect vulnerable girls against such attacks?  What sanctions were imposed for sexual offences and what reparations were provided to girl victims?  Were vulnerable girls’ families provided with legal assistance? 

    Ecuador had expanded access to abortion for victims of sexual assault in a new law.  Would the State party decriminalise abortions in the case of malformation of the foetus?  Had the State party organised education for women and girls regarding contraception and established family planning counsellors within health care facilities? Had the State party approved guidelines for therapeutic abortion care and taken action to inform society regarding the law on abortion and medical centres where abortions were available? How did the State party ensure that there were health care professionals who were able to provide safe abortions in all remote and rural areas?  The Committee noted a Constitutional Court ruling calling on the State party to not prosecute health care professionals who performed abortions.  Had this been implemented?  How was the State party protecting the confidentiality of women who sought abortions?

    Responses by the Delegation

    The delegation said the Truth Commission had the mandate to investigate serious human rights violations occurring between 1983 and 1998.  The Commission’s final report documented enforced disappearances and other violations occurring during that period.  The Ombudsman had been called on to implement reparations for the victims of these violations; more than 150,000 direct and indirect victims had benefited from reparations.  Two criminal cases addressing historic human rights violations had been prosecuted. 

    A law preventing sexual violence and harassment in education had been developed and a national plan for addressing such violence had been implemented.  After victims of violence and harassment were identified, they were referred to mental health services.  The State party promoted the best interests of the child and their right to be informed in all matters affecting them.  Eleven protocols had been issued addressing sexual crimes against minors.

    A law permitting abortion in cases of rape was implemented in 2022 and inter-institutional mechanisms were set up to ensure that the law was properly applied.  Victims of rape did not need to file a legal complaint to access abortions. The prosecution was obliged to provide victims of rape with information on accessing abortions, and all health care facilities were required to provide information immediately on access to abortion in cases of rape.  The State party provided free and confidential guidance on abortions, and health care providers were required to protect the confidentiality of persons who sought abortions.

    The National Council for Gender Equality had a mandate to mainstream and monitor public policies on gender equality and promote the rights of women and persons from the lesbian, gay, bisexual, transgender and intersex community.  The national agenda on equality addressed the barriers faced by various groups of minority women.  Some of the goals of the agenda were to reduce maternal and child mortality and teenage pregnancy, and there had been progress in these areas.  Guidelines had been developed to ensure that vulnerable women had access to credit lines and the digital economy.  The State party was also promoting rural women’s access to land titles.  The police had carried out capacity building programmes addressing gender stereotypes and promoting positive masculinity.

    Formerly, Ecuador’s prisons were in effect being run by organised gangs due to a lack of oversight, creating a crisis situation in the prison system.  The State party had implemented the “Phoenix Plan” to regain control and safety in all prisons and promote the rehabilitation of all those deprived of liberty.  It was working to improve prison infrastructure to address overcrowding and was currently building two new prisons. 

    Protocols were in place to ensure cooperation between the armed forces and the national police in the management of prisons.  The armed forces were ensuring physical security in only eight of the 35 adult detention centres in the State.  The State party was working to strengthen training for prison staff.  It planned to train almost 7,000 staff over a five-year period.  This year, the State party would almost entirely eliminate mixed gender detention to prevent gender-based violence in prisons.

    Ecuador was fully committed to cooperating with the United Nations human rights protection system and was grateful for the support and advice that it offered to the State.  The Constitution allowed for the direct and immediate application of international human rights instruments ratified by the State. Regarding the case of Isaías Dassum v. Ecuador, investigations had been carried out and resolved in favour of the individual involved and reparation had been provided, in compliance with the Committee’s recommendations.

    Ecuador’s President had the ability to impose a state of emergency in cases of violence, threats to the State, and natural disasters. All measures implemented under a state of emergency needed to be time bound and to conform with principles of necessity and proportionality, in line with the Covenant.  A state of emergency had recently been implemented to confront spiralling acts of violence, terrorism and internal armed conflict, and the prison crisis.  All states of emergency were monitored by the Constitutional Court, which had questioned the restriction of rights in certain contexts.  The State party’s duty was to ensure that its people were able to live in a safe society free of corruption.

    The national allowance for orphans whose mothers had been murdered was a monthly allowance indexed to the monthly basic income. So far, 486 allowances had been provided to children.

    An agreement had been reached to strengthen relations with indigenous peoples and to prevent violence against indigenous communities.  There was also a protocol that aimed to protect indigenous peoples in voluntary isolation.

    Follow-Up Questions by Committee Experts

    A Committee Expert said there appeared to be a large gap between the legal and institutional framework on human rights and the situation on the ground.  The rate of femicide was on the rise and women were increasingly becoming victims of enforced disappearance, leading to an increase in orphaned children.  Had drug trafficking groups become so strong that authorities could not control them?  Why was the State party not sufficiently reacting to the prevailing environment of impunity?  What measures were in place to protect vulnerable groups, including children?

    Another Committee Expert said that the Prosecution Service had launched over 200 investigations into torture and abuse of authority by the police force.  Had any rulings been issued for these cases?

    One Committee Expert asked about the role of victims of past human rights violations in creating the Museum of Memory. Why had their proposals regarding the location of the Museum not been taken on board?  Had the prison population increased or decreased as a result of the security measures being implemented by the State party?  Were the prisons in which the armed forces were present the largest and most modern?  Were there plans to reduce the number of prisons administered by the armed forces?  The Expert commended the State party’s significant efforts to train prison guards. What was the current ratio of guards to prisoners?

    A Committee Expert said the allowance for children whose mothers were victims of femicide was a good measure, but all orphaned children needed to receive it.  What were the prospects for decriminalising abortions in cases other than rape or where the mother’s life was at risk?  Did the State party support access to contraception for low-income families?

    Another Committee Expert asked whether allowances given to children whose mothers were murdered were the same regardless of the number of children in the family.

    Responses by the Delegation

    The delegation said the Government would implement the single register on violence by the start of next year.  It had been providing training to public officials on the handling of sensitive information within this register.  The register would allow the State party to gain insights into patterns of violence in different areas of the country, as part of its efforts to eradicate gender-based violence.

    There was a five-year training plan for prison officials and 60 million United States dollars had been invested in improving the prison system this year.  Improving the national rehabilitation system was a priority for the Government.

    Questions by Committee Experts

    A Committee Expert asked about measures to prevent torture and ill treatment by the police against detained persons.  How did the State party ensure transparency in investigations of complaints against the police related to torture?  What redress was provided to victims of torture? What measures were being considered to strengthen human rights training for the police?

    The Transitional Council for Citizen Participation and Oversight was endowed with extraordinary powers allowing for the dismissal and appointment of judges and magistrates at the discretion of the executive branch, violating principles of judicial independence.  It appointed the Attorney General, judges of the National Court of Justice, and 137 other oversight authorities, and had reportedly removed judges and judicial officials who did not align with the political interests of the Presidency.  What mechanisms were in place to prevent conflicts of interest and ensure that the Council complied with international standards on judicial independence?  How was transparency and the participation of citizens ensured in the Council’s evaluations of public authorities?  When did the mandates of the Attorney General and the members of the Council expire?  Why did the Council still have “transitional” status?

    What mechanisms were in place to ensure that migrants at the northern border had access to basic services such as health, education and employment?  Were there programmes to protect migrant women and children from exploitation and abuse? How was discrimination against migrants addressed in regularisation and asylum processing?  Was the State party monitoring and evaluating asylum policies on the northern border?

    The Ecuadorian Government had reportedly failed to implement adequate protection measures for human rights defenders, allowing threats and attacks against these people to go unpunished and exposing them to the constant risk of violence and intimidation.  Had the State party strengthened the legal framework for protecting human rights defenders?  Were human rights defenders involved in developing policies that affected their work? What protection mechanisms were in place for at-risk persons?  Investigative journalists Anderson Boscán and Mónica Velásquez faced threats and were forced into exile in Canada after making complaints about Attorney General Diana Salazar’s alleged connections to organised crime networks.  Why were these persons’ security being jeopardised?

    One Committee Expert asked about the entity that carried out investigations into the excessive use of force.  How many officials had been prosecuted for the excessive use of force?  A 2024 decree called on the armed forces to participate in controlling internal order. Had the State party held a referendum on this decree, and did it comply with the Covenant?

    How did Ecuador guarantee the principle of non-refoulement?  What measures were in place to safeguard the physical security of asylum seekers and refugees?  Restrictions on the freedom of movement had limited migrants’ ability to find jobs. Curfews had affected migrants in street situations, who did not have a place to stay.  Had legal aid or counsel been provided by the State to defend asylum seekers’ rights in regularisation processes?  How was the State party ensuring access to justice for migrants who were victims of extortion?

    Indigenous peoples had been adversely affected by mining projects, including illegal mining linked to organised crime.  What consultation processes had been held regarding these projects?  The State party had adopted decrees but had yet to adopt a law on prior consultation and free, informed and prior consent regarding mining and resource projects. Would the State party speed up the adoption of such a law?  Oil spills had affected the environment and the health of indigenous peoples.  What preventive measures had been taken regarding oil spills and what reparations had been provided to affected persons?

    A Committee Expert said the Committee was concerned about conditions in places of detention and overcrowding, a serious and persistent problem in prisons.  Detainees lacked access to food, water and health services, and overcrowding also increased tensions between inmates and made the management of prisons difficult. Since January 2024, the overall prison capacity had increased by 7.8 per cent, but there were still 18 prisons with critical overcrowding at over 120 per cent capacity.  What measures were in place to address the issue?  Had the State party considered dismantling mega prisons?

    The Committee noted significant efforts by the State party to address the issue of human trafficking through training of judicial actors.  What were the prospects of establishing a specialised office addressing trafficking within the prosecution?  Had compensation been provided to victims of trafficking?  How were victims protected from criminal liability?  How did the State party promote the social inclusion of victims, protect them from revictimisation, and support their access to the labour market?

    Another Committee Expert said there had been more than 600 deaths of detainees between 2018 and 2023.  In March 2024, a violent riot in a prison had led to the death of 12 detainees, while another riot in July led to 18 deaths.  Two prison wardens had recently been murdered. Organised crime had reportedly infiltrated prisons, inciting these events.  What measures were in place to regain control of the prison system and promote the basic rights of prisoners?  How many deaths had occurred in prisons this year, and were there any deaths resulting from torture or ill treatment?  Would the State party grant access to prisons for the national preventive mechanism?

    The Committee was concerned about the reported penetration of organised crime into the judiciary.  Members of the judiciary were allegedly paid bribes to give shortened prison sentences to members of organised crime groups.  What investigations had been carried out into such allegations?  How did the State party ensure the integrity of investigations into corruption?  What was the disciplinary structure for judges and how was their independence guaranteed?

    In 2018, three journalists were kidnapped and murdered by organised crime and four journalists were murdered in 2022.  What investigations had been carried out into these events?  The judicial system was reportedly used as a tool for censorship against journalists. How did the State party ensure that journalists could carry out their work without interference?

    One Committee Expert said the Communication Council had been involved in promoting diversity in the media and in organising training on media workers’ rights.  What results had been obtained by training programmes?  Between July and December 2021, there were 62 reports of harassment against journalists.  What measures were in place to ensure that threats against journalists were properly investigated and punished?  During 2022 demonstrations, at least nine deaths were recorded and close to 200 people were arrested.  How did the State party guarantee the right to peaceful assembly and ensure justice for victims of excessive force by State officials?

    Was the law issued in 2022 on the use of force and firearms by the police in line with the Covenant?  Was civil society involved in the drafting of the law?  How was the law being implemented?  Did the State party provide training programmes on the law to police?

    How had the State party guaranteed access to justice for indigenous peoples in indigenous languages?  What obstacles were there in providing legal aid to indigenous peoples?  What measures were in place to strengthen the indigenous legal system and to ensure coordination between indigenous and regular legal systems?

    In some regions, authorities did not recognise the legal status of indigenous peoples.  Farmers who were defending their lands were reportedly perceived as criminals and harassed by authorities.  How was the State party preventing such harassment?

    Responses by the Delegation

    The delegation said training had been provided for around 500 prosecution staff and over 2,000 civil servants on investigating violent deaths of women and girls since 2022.  This year alone, over 500 members of the armed forces and other civil servants had participated in the prosecution office’s training on international human rights law. 

    The armed forces were ensuring internal security in the context of the high level of armed conflict occurring in the State, caused by organised gangs.  The activities of the armed forces strictly complied with human rights standards, regulations on the use of force and firearms, and principles of necessity and proportionality.  The State party was constantly updating provisions on the use of force in line with international standards.  During the first six months of this year, the murder rate had fallen significantly and criminal structures had been dismantled.

    The armed forces’ activities had helped to reduce criminal activities within the prison system.  The armed forces allowed oversight visits to prisons by Government bodies.  Members of the armed forces were trained in human rights, the use of force, and the protection of vulnerable persons.  Accusations of human rights violations by members of the armed forces were investigated in cooperation with public bodies.  Armed forces personnel had been involved in 72 cases of habeas corpus, with personnel cleared of wrongdoing in 68 cases and the remaining cases still being investigated.  A specialised prosecutor’s unit had been established to investigate cases of harm or death caused by the armed forces and the prison service.

    The State party was strengthening the national framework for the prevention of terrorism.  It was receiving international support to bring its legislation on terrorism in line with international standards.

    Ecuador ensured full reparation for direct and indirect victims of homicide, including through the law on support for family members of victims of femicide.  The public policy on reparation was being updated to strengthen support for victims’ relatives through consultations with civil society.  Support payments for orphaned children whose parents were murdered were increased progressively depending on the number of children in the family.

    State legislation protected the activities of human rights defenders.  An inter-institutional board was developing a comprehensive policy on the protection of human rights defenders and carrying out an analysis of threats faced by human rights defenders.  The State provided protection to victimised human rights defenders involved in court proceedings through the witness protection programme.  Regional councils of human rights defenders had been established.

    The Government had delineated certain areas as “protected land” where mining activities could not be carried out.  It had provided training on promoting the human rights of indigenous peoples and tackling their exploitation.  Over 3,000 interventions related to indigenous peoples had been carried out by the Government.  The State party worked closely with local autonomous governments to ensure the incorporation of indigenous knowledge into policies and activities to address climate change.

    Before implementing measures related to non-admission and deportation, investigations needed to be carried out to assess whether the individual concerned needed international protection.  Asylum seekers could receive free legal aid and the support of translation services if required.  An online platform to support asylum requests had been established; it had received more than 56,000 such requests.  Over 96,000 Venezuelan citizens had been granted temporary residency through a special procedure implemented in 2022.  Emergency care was being provided for the large number of migrants on the northern border in collaboration with international organizations and private sector bodies, to ensure that these migrants and asylum seekers received the highest standard of care.

    The State party had been procuring building materials and conducting repairs to improve prison infrastructure and the living conditions of detainees.  Accommodation in two prisons had recently been increased by 1,700 places.  The State had authorised the construction within 300 days of two new prisons to house a maximum of 800 detainees.  These would greatly reduce the rate of overcrowding. The Government was increasing human resources for administering these prisons.  Around 600 prisoners who had been detained for over five years and were not accused of violent crimes would soon be pardoned to further reduce overcrowding.

    The National Red Cross Committee had been training medical staff to improve health care in prisons.  A classification plan was in place to revise the classification of detainees to reduce the grouping of members of organised crime in prisons. Female detainees had been relocated to exclusively female prisons.  Over the next five years, the State party planned to recruit 700 new prison guards. A protocol on the handling of complaints within the prison system had been developed.

    Although a law on free, prior and informed consent had yet to be implemented, the Constitutional Court had established standards relating to this consent that needed to be respected by administrative authorities.  Bills had been developed to enact such a law that were currently before Parliament. The State party was undertaking environmental consultations that were in line with international standards in relation to upcoming mining projects.  It was also working to respect the life and integrity of indigenous peoples and preventing them from being harmed by the actions of third parties.  The Government had been successful in reducing conflict over indigenous territory and was fostering a culture of peace.  A health cordon had been established to improve the health conditions of people living in voluntary isolation.

    State legislation ensured respect for judicial independence.  No Government entity could interfere with the activities of the judiciary.  A roadmap had been developed to promote judicial independence through strict internal oversight of appointment, promotion and evaluation of members of the judiciary.  The Council of the Judiciary had implemented measures to ensure the safety of judicial operators.  The transitionary period for the Council for Citizen Participation and Social Control had concluded and its regular members were being appointed.

    There was a protection and early warning system for media professionals who were facing aggression.  The Government was strengthening its capacity to react to attacks against media professionals and to prevent such attacks.  Civil society organizations were involved in providing protection measures and improving the working environment for media professionals. 

    Follow-Up Questions by Committee Experts

    A Committee Expert asked why the State party allowed civilians to carry firearms in violent areas in the country.  Had any initiatives been adopted to regularise migrants who came into the country after 2022?

    Another Committee Expert said judges and prosecutors had been killed and the rule of law was in danger in the country.  Some judges had been murdered outside of the premises of the judiciary.  There needed to be effective protective actions to ensure the independence of the judiciary and the rule of law.  What transparency measures would be implemented to increase public trust in the judiciary?  It was positive that the State party had begun a reform of legislation on terrorism in cooperation with international bodies.  Would the bill of law being developed provide procedural guarantees in terrorism cases in line with the Covenant?

    One Committee Expert said that, since the deployment of armed forces across the territory, femicides, the enforced disappearance of women, and the violation of indigenous peoples’ rights had continued with impunity for offenders.  The State party had not ensured the protection of indigenous human rights defenders, whose rights were violated by the activities of mining companies. There were environmental issues threatening the lives of indigenous peoples that had not been investigated and several indigenous peoples were awaiting compensation.  Environmental rights defenders were continually harassed by authorities.  Could the delegation provide information on the killing of an indigenous chief in February 2024 who was protesting oil prospecting in his region?

    Another Committee Expert said poverty and insecurity were serious issues in Ecuador that were disproportionately affecting vulnerable groups.  How would the State party address these issues and protect the rights of workers?

    Closing Remarks

    JUAN CARLOS LARREA, Attorney General of State of Ecuador and head of the delegation, said Ecuador was fully committed to implementing international human rights law and promoting respect for human rights.  It was the first country in Latin America to receive a visit from the current High Commissioner for Human Rights, Volker Türk.  It was working to implement all recommendations issued to it by the United Nations human rights system.

    Ecuador was facing challenges in the field of human rights, including spiralling international organised crime and the current energy crisis, but remained committed to addressing these, and to strengthening efforts to promote the human rights of all people on its territory. It called on the international community to increase technical support for the promotion and protection of human rights in Ecuador.  The delegation hoped that the Committee would provide concrete recommendations that addressed the complex challenges that Ecuador was facing.

    TANIA MARÍA ABDO ROCHOLL, Committee Chairperson, thanked all those who had contributed to the dialogue.  The dialogue had addressed Constitutional and legal frameworks related to the Covenant, historic human rights violations, measures to combat terrorism, reproductive rights, the independence of the judiciary, detention conditions, the right to life, freedom of expression and association, trafficking in persons, and the situations of human rights defenders and indigenous peoples, among other topics.  The Committee was committed to its mandate of guaranteeing the highest level of implementation of the Covenant in Ecuador.

     

    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

    CCPR24.023E

    MIL OSI United Nations News

  • MIL-OSI Canada: Remarks by the Deputy Prime Minister announcing actions to protect and create good-paying jobs for Canadian workers

    Source: Government of Canada News

    We’re launching a $200 million regional AI initiative. The regional development agencies will help support AI start-ups to bring new technology to market. And they will help drive AI adoption by Canadian businesses across the economy. I do want to say to Canadian businesses who are excited about the benefits of AI in their businesses, please think about using a Canadian AI company when you are using AI in your business. This is a great strength we have; take advantage of the great AI companies we have here at home.

    October 22, 2024 – Ottawa, Ontario

    Check against delivery

    Thanks everyone for being here. I want to start by recognizing the work that all the people at Parliamentary Protective Services do to make it possible for all of us to do our jobs. On this anniversary of the death of Corporal Nathan Cirillo, who was shot to death while he was guarding the Tomb of the Unknown Soldier, it’s worth reflecting on how essential they are. They take risks every day. Thank you very much to them.

    I will begin by talking about the Canadian economy, and then I’ll talk about actions we are taking to protect and support Canadian workers, and tariffs, and then new measures on artificial intelligence.

    After that, my colleague, the Honourable Randy Boissonnault (Minister of Employment, Workforce Development and Official Languages), will talk about reforms to the Temporary Foreign Worker Program. After that, my colleague, the Honourable Jean-Yves Duclos (Minister of Public Services and Procurement), will talk more about what we are doing regarding artificial intelligence and promoting its adoption in the whole Canadian economy.  

    Let me start by making a couple of comments about the Canadian economy.

    We have been getting some good news in recent weeks. Last week, we got the September inflation number, which was 1.6 per cent. For nine months now, inflation in Canada has been within the Bank of Canada’s target range. And the September number was a three and a half year low.

    With inflation coming down, we have now seen three interest rate cuts. The Bank of Canada was the first central bank in a G7 country to cut interest rates for the first time. It was the first central bank in a G7 country to cut interest rates for the second time. And it was the first central bank in a G7 country to cut interest rates for the third time.

    Wages have now outpaced inflation for 20 months in a row and in September, we had a good jobs number, with 47,000 jobs created. And the unemployment number actually went down a little bit.

    The International Monetary Fund (IMF) published its World Economic Outlook today. And in that Outlook, the IMF forecasted that Canada will have the strongest economic growth in the G7 in 2025. There is a lot more we need to do, but on the macroeconomic front, we’re seeing some solid progress.

    Now, I want to talk about the tariff measures. The government has imposed a 100 per cent tariff on all electric vehicles manufactured in China and it became effective on October 1st. 

    We also announced that we would put in place a 25 per cent tariff on imports of steel and aluminum products from China. Today is a significant day. Today is the day that our tariffs on Chinese steel and aluminum of 25 per cent enter into force. This is a really important measure. It is to protect these essential Canadian industries, and the Canadians who work there, from unfair Chinese trade practices, and from an intentional policy of Chinese overcapacity in an environment where neither labour nor environmental standards are honoured.

    It’s also really important because it is absolutely essential for the Canadian economy that we can say to our partners in North America that Canada will not be a backdoor for diverted Chinese goods, whether it’s electric vehicles or steel and aluminum.

    We are also announcing today a remissions framework. We know that there are some businesses that are anxious about adjusting to this shift in supply chains. It’s really important for us that these essential measures do not harm Canadian businesses or Canadian workers. So, we are prepared to offer tariff relief in exceptional circumstances and we’re publishing today an email address that Canadian businesses can use to apply for tariff relief and a framework that will guide decisions on remissions.

    A second announcement for today is that we are moving forward on the support for AI and AI adoption, which we announced in the budget in the spring.

    Canada is a global AI superpower. There is no better evidence of this than the fact that Canada’s own, and the University of Toronto’s own, Geoffrey Hinton, was recently awarded a Nobel Prize for his groundbreaking research. That research, that Canadian strength in AI, and the underlying thinking behind it, is a huge advantage for Canada in the economy today.

    Our government knows that helping Canadian businesses adopt AI is a really important part of leveraging the Canadian AI advantage.

    Today we are announcing that we’re going to be investing $300 million of the $2.4 billion for AI that we put forward in the budget in the spring.

    We’re launching a $200 million regional AI initiative. The regional development agencies will help support AI start-ups to bring new technology to market. And they will help drive AI adoption by Canadian businesses across the economy. I do want to say to Canadian businesses who are excited about the benefits of AI in their businesses, please think about using a Canadian AI company when you are using AI in your business. This is a great strength we have; take advantage of the great AI companies we have here at home.

    We have an economic plan, a plan for affordability, to build more housing faster and for economic growth. Our priority is to give a fair chance to every generation. Thank you.

    MIL OSI Canada News

  • MIL-OSI USA: After Securing $100 Million for Rail Resilience, Rep. Mike Levin Surpasses One Billion Dollars for Projects in California’s 49th Congressional District

    Source: United States House of Representatives – Congressman Sander Levin (9th District of Michigan)

    October 29, 2024

    Milestone Comes After Less Than Six Years in Office

    Oceanside, CA – Today, Rep. Mike Levin (CA-49) announced that he has secured $1.038 billion in total federal funding for 49th Congressional District projects throughout North County San Diego and South Orange County.

    This billion-dollar milestone comes as Rep. Levin helped secure $100 million in new federal funding for the Orange County Transportation Authority’s (OCTA) Coastal Rail Infrastructure Resiliency Project. That funding will go toward improving the safety, resilience, and reliability of the Los Angeles – San Diego – San Luis Obispo (LOSSAN) Rail Corridor, the second busiest rail corridor in the country. Rep. Levin’s commitment to returning taxpayer dollars back to the district to address priorities is evident in this achievement and comes after less than six years in office.

    “Since joining Congress, I’ve made it my mission to deliver the federal funding necessary to tackle the most pressing issues facing our district,” said Rep. Levin. “These funds have helped us pump over one million cubic yards of sand back onto our beaches. They are helping us access clean water, rebuild our roads and bridges, and make our communities safer. I’m thrilled that in less than six years, I’ve brought more than $1 billion in federal funding to communities in North County San Diego and South Orange County.

    “The $100 million grant for OCTA will go towards safeguarding the LOSSAN Rail Corridor from the devastating effects of climate change and coastal erosion, helping prevent the service disruptions we’ve experienced over the past several years. It will deliver real solutions that will protect the Corridor for years to come.”

    Click here to view a map of the projects and funding Rep. Levin has secured for the district.

    Background on Delivering Funds to Safeguard the LOSSAN Rail Corridor in Orange County

    Over the past two and a half years, a seven-mile stretch of the LOSSAN Rail Corridor running along the coast in South Orange County has repeatedly experienced closures for a cumulative total of over 12 months. Climate-induced storm surges, sea-level rise, and erosion have impacted railroad track movement and slope instability along the LOSSAN Rail Corridor right-of-way, resulting in service disruption to both passenger and freight rail services. These closures have negatively impacted passenger transportation, freight services, and military operations throughout the region.

    Building on prior emergency work experience, OCTA has developed potential proactive solutions to maintain the rail corridor’s existing alignment while safeguarding it against the threats of sea level rise and coastal erosion. The Project will construct resiliency and safety measures to stabilize the track currently threatened by wave action and by landslides from adjacent cliffs. It is anticipated that the Project will utilize engineering and sand nourishment solutions. These measures could assist in preventing future emergencies that would lead to track closures or service interruptions, ensuring the operation of both passenger and freight rail services. Rep. Levin is a strong supporter of efforts to fortify the corridor through beach nourishment.

    The 351-mile LOSSAN Rail Corridor travels through a six-county coastal region in Southern California and is the second busiest intercity passenger rail corridor in the United States and the busiest state-supported Amtrak route. The LOSSAN Rail Corridor service includes 41 stations and more than 150 daily passenger trains. As defined by the Department of Defense, the rail line between Los Angeles and San Diego is designated as part of the Strategic Rail Corridor Network, which consists of key railroad lines important to national defense. The LOSSAN Rail Corridor is a key piece of transportation infrastructure for both California’s 49th Congressional District and the nation.

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    MIL OSI USA News

  • MIL-OSI USA: Meng Awards Federal Funding to South Asian Council for Social Services in Flushing

    Source: United States House of Representatives – Congresswoman Grace Meng (6th District of New York)

    The money, consisting of $850,000, will be used to purchase an additional building to expand critical services

    QUEENS, NY – U.S. Rep. Grace Meng (D-Queens), New York’s senior member of the House Appropriations Committee – which funds the federal government’s programs and activities – announced today that she awarded $850,000 to the South Asian Council for Social Services (SACSS) in Flushing, New York.

    Founded in 2000, SACSS works to empower and integrate underserved South Asians and other immigrants into the economic and civic life of New York. It seeks to accomplish this goal by offering many types of crucial assistance such as healthcare and public benefits access, job training, English classes, youth leadership, senior citizen support, civic engagement, a legal clinic, food pantry and much more.

    The money that Meng secured will help the organization purchase an additional building that will allow it to expand its programs and services. This new building will be located at its headquarters at 143-02 45th Avenue.

    “SACSS does tremendous work in lifting up and empowering the South Asian community, especially new immigrants, and this money will help its team do an even better job in providing resources to those who need them,” said Congresswoman Meng. “I’m proud to continue bringing back critical funding to Queens, and I am excited to obtain this money that will benefit SACSS for many years to come.”

    “We are incredibly grateful to Congresswoman Grace Meng for this generous funding which will enable SACSS to purchase the rental property next door,” said SACSS Founder and Executive Director Sudha Acharya. “This support will allow us to continue our Workforce Development Training Program, establish a resource center and community gardening space for our members. Thank you for your support of our mission and for helping us make a positive impact in the community.”

    MIL OSI USA News

  • MIL-OSI New Zealand: Keep your children safe this Halloween

    Source: New Zealand Police (National News)

    To ensure everyone has a spooktacular Halloween, Police are encouraging caregivers to ensure their little pirates, superheroes, witches, and fairies, are well looked after while out trick-or-treating in the community.

    Inspector Brett Callander says Halloween activities can be fun for children to dress up and go trick-or-treating for sweets with friends and family, however it is important to stay safe.

    “Although it is a fun night out, we would like to remind parents and caregivers to ensure the safety of their children.

    “It is also a good reminder that not everyone likes to participate in Halloween, is able take part, or appreciates repeated knocks on the door.”

    Police suggest if residents do not want to take part in Halloween, perhaps placing a sign on your front door or gate might negate young visitors looking for lollies.

    Police recommends the following:

    •             Parents or caregivers should supervise their young children at all times, and not let them go off with people they don’t know.

    •             Trick-or-treating in areas that are well lit and only where the children know the residents.

    •             Always go with an adult, or if you are a teen – stick with your friends and look out for each other.

    •             If you see a sign that says ‘no trick-or-treat here’ or similar then respect their wishes.

    •             Householders do not have to open the door or respond to knocks from Halloween visitors.

    •             Check your trusted community pages to see which homes will be participating in Halloween.

    “As an alternative, parents, caregivers, and children, could attend a local event within their community if there is one nearby.”

    Police would like to ask communities to look out for each other, and if anyone sees any suspicious activity happening, please contact 111 immediately.

    To report activity after it has occurred, please contact Police online at 105.police.govt.nz, clicking “Update Report” or call 105.

    Information can also be provided anonymously via Crime Stoppers on 0800 555 111.

    ENDS

    Issued by Police Media Centre

    MIL OSI New Zealand News

  • MIL-OSI USA: FDA Roundup: October 29, 2024

    Source: US Food and Drug Administration

    For Immediate Release:

    Today, the U.S. Food and Drug Administration is providing an at-a-glance summary of news from around the agency: 

    • Today, the FDA responded to objections on the agency’s final rule that removed the authorized food contact uses of most phthalates because industry abandoned these uses. The FDA evaluated the objections and concluded that they did not provide a basis for modifying the final rule. However, the FDA is working on an updated safety assessment of the remaining authorized uses, including considering information we have received through our request for information, and phthalates are included on the list of select chemicals under FDA review.
    • On Monday, the FDA announced a hybrid meeting, In Vitro Diagnostics (IVD) Roundtable, that will be held on Nov. 12, 2024, at 10 a.m. ET. The meeting will provide a forum to facilitate communication between the FDA and IVD industry. Participants can attend in-person or virtually. Space is limited for in-person attendance. There is no fee to attend, and registration is required. To attend in person, register by Oct. 30, 2024. To attend virtually, register by Nov. 12, 2024.
    • On Monday, the FDA shared information about medical device cybersecurity. Like other electronics, medical devices can be vulnerable to security breaches, potentially impacting the safety and effectiveness of the device. Informed by patient voices and collaborations with industry, government agencies, and health care delivery organizations, the FDA will continue to drive and refine medical device cybersecurity policy. Before Cybersecurity Awareness Month ends, check out these recent publications that may be generally informative to help keep medical devices operating safely.
    • On Friday, the FDA issued a safety communication to alert consumers, health care providers, and health care facilities not to use BioZorb Markers and BioZorb LP Markers by Hologic Inc. On Oct. 25, 2024, Hologic announced a voluntary recall for removal of all lots of unused BioZorb Markers. The recall is due to reports of serious adverse events occurring in patients who had the devices implanted in breast tissue. 
    • On Friday, the FDA granted marketing authorization of Distalmotion, SA’s Dexter L6 System, an electromechanical surgical system intended to repair inguinal hernias through minimally invasive procedures using high-precision surgical endoscopic instruments. The Dexter L6 System includes a console surgeons use to control movements of the different parts of the system, separate carts that can be positioned next to the operating room table, and arms that get attached to the carts and that can hold and manipulate different endoscopic instruments based on motions captured on the surgeon-controlled console. Although the Dexter L6 Surgical System operates using similar principles as other robotically assisted surgery device systems, it allows for the surgeon and the user interface to be in the sterile field, unlike other authorized devices. The Dexter L6 System is intended for use by trained laparoscopic surgeons on patients 22 years of age or older. This authorization reinforces the FDA’s commitment to providing physicians and patients with minimally invasive surgery options to treat relatively common conditions, such as inguinal hernias.
    • On Friday, three individuals in London were sentenced for their role in the international importation and distribution of unapproved drugs. The operation seized over £1M ($1.3M) and 1 million illicit pills. This result is the culmination of numerous law enforcement agencies, including the FDA Office of Criminal Investigations (FDA-OCI), working together from across the world for more than three years. The investigation began in October 2020 when U.S. Customs and Border Protection seized numerous shipments sent from the U.K. found to contain illicit drugs. Information sharing between FDA-OCI and the City of London Police led to the successful execution of warrants in the U.S., where illicit unapproved drugs were found.

    Related Information

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    Boilerplate

    The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation’s food supply, cosmetics, dietary supplements, radiation-emitting electronic products, and for regulating tobacco products.


    Inquiries

    Consumer:
    888-INFO-FDA

    MIL OSI USA News

  • MIL-OSI USA: Ken Iliff: Engineering 40 Years of Success

    Source: NASA

    Editor’s note: This article was published May 23, 2003, in NASA Armstrong’s X-Press newsletter. NASA’s Dryden Flight Research Center in Edwards, California, was redesignated Armstrong Flight Research Center on March 1, 2014. Ken Iliff was inducted into the National Hall of Fame for Persons with Disabilities in 1987. He died Jan. 4, 2016.

    As an Iowa State University engineering student in the early 1960s, Ken Iliff was hard at work on a glider flight simulation.
    Upon examining the final results – which, in those early days of the computer revolution, were viewed on a long paper printout – he noticed one glaring imperfection: the way he had programmed it, his doomed glider would determinedly accelerate as it headed for the ground.
    The culprit was a single keystroke. At the time, programming was based on data that had been painstakingly entered into the computer by hand, on punch cards and piece by piece. Somewhere, Iliff had entered a plus sign instead of a minus sign.
    The seemingly minor incident was to foreshadow great things to come in Iliff’s career.
    Not long after graduation, the West Union, Iowa, native found himself at what was then called simply the NASA Flight Research Center located on Edwards Air Force Base.
    “I just knew I didn’t want to be sitting somewhere in a big room full of engineers who were all doing the same thing,” Iliff said of choosing Dryden over other jobs and other NASA centers. “It was a small center doing important things, and it was in California. I knew I wanted to be there.”
    Once at Dryden, the issue of data tidbits was central to the new hire’s workday. Iliff’s post called for him and many of his colleagues to spend much of their time “reading up” data – a laborious process of measuring data from film using a single reference line and a ruler. Measurements were made every tenth of a second; for a ten-second maneuver, a total of one hundred “traces” were taken for every quantity being recorded.
    “I watched talented people spending entire days analyzing data,” he recalled. “And then, maybe two people would arrive at two entirely different conclusions” from the same data sets.
    As has happened so often at the birth of revolutionary ideas, then, one day Iliff had a single, simple thought about the time-intensive and maddeningly inexact data analysis process:
    “There just has to be a better way to do this.”
    The remedy he devised was to result in a sea change at Dryden, and would reverberate throughout the world of computer-based scientific research.
    Iliff’s work spanned the decades that encompassed some of Dryden’s greatest achievements, from the X-15 through the XB-70 and the tentative beginnings of the shuttle program. The solution he created to the problem of inaccuracy in data analysis focused on aerodynamic performance – how to formulate questions about an aircraft’s performance once answers about it are already known, how to determine the “why?” when the “what happens?” has already happened.
    The work is known as “parameter estimation,” and is used in aerospace applications to extract precise definitions of aerodynamic, structural and performance parameters from flight data.
    His methodology – cemented in computer coding Iliff developed using Fortran’s lumbering binary forerunner, machine code – allowed researchers to determine precisely the type of information previously derived only as best-estimate guesses through analysis of data collected in wind tunnels and other flight-condition simulators. In addition to aerospace science, parameter estimation is also used today in a wide array of research applications, including those involving submarines, economic models, and biomedicine.
    With characteristic deference, Iliff now brushes off any suggestion of his discovery’s significance. Instead, he credits other factors for his successes, such as a Midwestern work ethic and Iowa State University’s early commitment to giving its engineering students good access to the new and emerging computer technology.
    To hear him tell it, “all good engineers are a little bit lazy. We know how to innovate – how to find an easier way.
    “I’d been trained well, and given the right tools – I was just in the right place at the right time.”
    But however modestly he might choose to see it characterized, it’s fair to number Iliff’s among the longest and most distinguished careers to take root in the ranks of Dryden research engineers. Though his groundbreaking work will live forever in research science, when Iliff retired in December he brought to a close his official role in some of the most important chapters in Dryden history.

    His pioneering work with parameter estimation carried through years of aerodynamic assessment and data analysis involving lifting-body and wing-body aircraft, from the X-15 through the M2-F1, M2-F2 and M2-F3 projects, the HL-10, the X-24B and NASA’s entire fleet of space shuttles. His contributions aided in flight research on the forward-swept-wing X-29 and the F/A-18 High Angle of Attack program, on F-15 spin research vehicles, on thrust vectoring and supermaneuverability.
    Iliff began work on the space shuttle program when it was little more than a speculative “what’s next?” chapter in manned spaceflight, long before it reached officially sanctioned program status. Together with a group spearheaded by the late NASA research pilot and long-time Dryden Chief Engineer Milt Thompson – who Iliff describes unflinchingly as “my hero” – Iliff helped explore the vast range of possibilities for a new orbiting craft that would push NASA to its next frontier after landing on the moon.
    In an environment much more informal than today’s, when there were few designations of “program manager” or “task monitor” or “deputy director” among NASA engineers like Iliff and Thompson, a handful of creative, disciplined minds were at work dreaming up a reusable aircraft that would launch, orbit the Earth and return. Iliff’s role was to offer up the rigor of comparison in size, speed and performance among potential aircraft designs; Thompson and Iliff’s group was responsible, for example, for the decision to abandon the notion of jet engines on the orbiter, decreeing them too heavy, too risky and too inefficient.
    Month in and month out, Iliff and his colleagues painstakingly researched and developed the myriad design details that eventually materialized into the shuttle fleet. There was, in Iliff’s words, “a love affair between the shuttle and the engineers.”
    And in a display typifying the charged environment of creative collaboration that governed the effort – an effort many observe wryly that it would be difficult to replicate at NASA, today or anytime – the body of research was compiled into the now-legendary aero-data book, a living document that records in minute detail every scrap of design and performance data recorded about the shuttles’ flight activity.
    Usually with more than a touch of irony, the compiling of the aero-data book has been described with phrases like “a remarkably democratic process,” involving as it did the need for a hundred independent minds and strong personalities to agree on indisputable facts about heat, air flow, turbulence, drag, stability and a dozen other aerodynamic principles. But Iliff says the success of the mammoth project, last updated in 1996, was ultimately enabled by a shared commitment to a culture that was unique to Dryden, one that made the Center great.
    “Well, big, complicated things don’t always come out like you think they will,” Iliff said.
    “But we understood completely the idea of ‘informed risk.’ We had a thorough understanding of risks before taking them – nobody ever did anything on the shuttle that they thought was dangerous, or likely to fail.
    “The truly great thing (about that era at Dryden) was that they mentored us, and let us take those risks, and helped us get good right away. That was how we were able to do what we did.”
    It was an era that Iliff says he was thrilled to be a part of, and which he admits was difficult to leave. It was also, he adds with a note of uncharacteristic nostalgia, a time that would be hard to reinvent today after the intrusion of so many bureaucratic tentacles into the hot zone that spawned Dryden’s greatest achievements.
    A man not much given to dwelling on the past, however, Iliff has moved on to a retirement he is making the most of. Together with his wife, Mary Shafer, also retired from her career as a Dryden engineer, he plans to dedicate time to cataloging the couple’s extensive travel experiences with new video and graphics software, and adding to the travel library with footage from new trips. Iraq ranks high on the short list.
    During his 40-year tenure, Iliff held the post of senior staff scientist of Dryden’s research division from 1988 to 1994, when he became the Center’s chief scientist. Among numerous awards he received were the prestigious Kelly Johnson Award from the Society of Flight Test Engineers (1989), an award permanently housed in the Smithsonian National Air and Space Museum, and NASA’s highest scientific honor, the NASA Exceptional Scientific Achievement Award (1976).
    He was inducted into the National Hall of Fame for Persons with Disabilities in 1987, and served on many national aeronautic and aerospace committees throughout his career. He is a Fellow in the American Institute of Aeronautics and Astronautics (AIAA) and is the author of more than 100 technical papers and reports. He has given eleven invited lectures for NATO and AGARD (Advisory Group for Aerospace Research and Development), and served on four international panels as an expert in aircraft and spacecraft dynamics. Recently, he retired from his position as an adjunct professor of electrical engineering at the University of California, Los Angeles.
    Iliff holds dual bachelor of science degrees in mathematics and aerospace engineering from Iowa State University; a master of science in mechanical engineering from the University of Southern California; a master of engineering degree in engineering management and a Ph.D. in electrical engineering, both from UCLA.
    Iliff’s is the kind of legacy shared by a select group of American engineers, and to read the papers these days, there’s the suggestion that his is a vanishing breed. NASA and other science-based organizations are often depicted as scrambling for new engineering talent – particularly of the sort personified by Iliff and his pioneering achievements.
    But, typical of the visionary approach he applies to life in general as well as to science, Iliff takes a wider view.
    “I remember, after the X-1 – people figured all the good things had been done,” he said, with a smile in his voice. “And of course, they had not.
    “If I was starting out now, I’d be starting in work with DNA, or biomedicine – improving lives with drug research. There are so many exciting things to be discovered there. They might not be as showy as lighting off a rocket, but they’re there.
    “I’ve seen cycles. We’re at a low spot right now – but military, or space, will eventually be at the center again.”
    And when that day comes, Iliff says he hopes officials in the flight research world will heed the example of Dryden’s early years, and give its engineers every opportunity to succeed unfettered – as he had been.
    “Beware the ‘Chicken Littles’ out there,” he said. “I hope the government will be strong enough to resist them.”

    Sarah MerlinFormer X-Press newsletter assistant editor
    Former Dryden historian Curtis Peebles contributed to this article.

    MIL OSI USA News

  • MIL-OSI USA: Governor activates National Guard to support law enforcement on Election Day

    Source: US State of Nevada

    Las Vegas, NV – October 28, 2024

    LAS VEGAS, NV – Today, Governor Joe Lombardo announced that, in preparation for a safe and smooth Election Day, he will activate a limited contingent of National Guard personnel to be available on Election Day. The activation will be limited to supporting state and local resources on November 5, 2024.

    This decision, which mirrors the state’s routine preparation for past elections, was made after consultation with election officials and state leaders. It is one of many proactive steps the state is taking to ensure all possible resources are in place for a timely response to any challenges that arise. For example, a major weather event on top of elections could pose significant demands on public safety personnel, which the National Guard would then be in a position to help alleviate.

    Pursuant to procedure, 60 total members of the National Guard will be activated on standby status and stationed in Nevada National Guard facilities in both Carson City and Las Vegas. They will be available to support existing law enforcement preparations for Election Day on things like traffic enforcement and building security, and to coordinate and facilitate communication across the state if additional support is needed.

    This is one more way Nevada officials are preparing to ensure a smooth, secure, and safe election for the people of Nevada in 2024.

    “After consulting with stakeholders across the state, I have decided that a precautionary activation of the National Guard makes sense at this time. We do not expect that these personnel will need to be deployed,” said Governor Joe Lombardo. “As a first responder, I know first-hand the importance of being prepared, and this decision reflects my commitment to safety and preparedness on Election Day.  As always, I am deeply grateful to the men and women of our National Guard, and I appreciate their service to our state and country.”

    “I share Governor Lombardo’s commitment to safety, preparedness, and transparency,” said Secretary of State Francisco V. Aguilar. “This proactive decision helps ensure that we’ve made the most of our available resources across Nevada. Our election officials and law enforcement leaders have been preparing for the November 5 election for years. This frees up their resources on Election Day so they can focus on delivering a safe and secure election.”

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    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom announces local accountability, transparency rules for new round of homeless funding

    Source: US State of California 2

    Oct 29, 2024

    What you need to know: Governor Newsom today announced 37 new grant awards totaling more than $827 million to help more than 100 local communities and organizations create long-term solutions to address homelessness. The grant agreements include strong accountability and transparency measures and clear expectations to ensure that local strategies to address homelessness are measurable and effective. 

    LOS ANGELES — Expanding California’s unprecedented support for local efforts to create long-term solutions to address homelessness, Governor Newsom today announced that 37 regional grantees — representing 100 local communities and organizations statewide — will receive more than $827 million in new state investments to create new housing, shelter, and support for those experiencing homelessness. The funding comes with strong accountability measures and reporting requirements to ensure funding is used effectively and outcomes can be tracked and measured.

    “We’ve given our local partners the tools and resources they need — it’s time to end this crisis now. These new funds represent the hard work, accountability, and strategic planning needed to address homelessness with real, long-lasting results.”

    Governor Gavin Newsom

    Investing in impactful solutions to address homelessness 

    California has made unprecedented investments to address the housing and homelessness crises, with $40 billion invested to help communities create more housing and $27 billion provided to communities to help prevent and end homelessness. Today’s new grant awards are part of the state’s Homeless Housing, Assistance and Prevention (HHAP) grant program, which provides flexible grant funding to help communities support people experiencing homelessness by creating permanent housing, rental and move-in assistance, case management services, and rental subsidies, among other eligible uses. 

    The Governor announced the awards in Downtown Los Angeles, where he was joined by city and county officials. 

    “The only way we can be successful in solving homelessness is by locking arms and implementing a comprehensive approach that shows results,” said Los Angeles Mayor Karen Bass. “The Homelessness Housing, Assistance and Prevention program is critical to our success here in Los Angeles, and has helped reduce homelessness for the first time in years. I want to thank Governor Newsom and our state elected partners for working together to bring people off of the streets and into housing as urgently as this crisis requires.”

    Greater accountability 

    As a condition of receiving the funding, the awardees must agree to increased accountability, transparency, and compliance measures. These new measures will help enhance the ability for these state investments to drive real, measurable results and will help improve the tracking of data and outcomes. This ensures that grant recipients remain accountable and protects state funding.

    Regional approach

    Grantees were required to work regionally on these applications. Cities, counties, and Continuums of Care were required to explicitly commit to coordinating with one another, clearly stating who was responsible for which parts of their joint regional homeless efforts, as a condition of receiving funding. This will drive coordination and make sure homelessness is solved regionally — not treated as a problem that stops at the city limits. 

    Greater transparency

    Grantees will report monthly fiscal progress that will be available live on the California Housing and Community Development’s (HCD) website through the HHAP fiscal dashboard. Grantees will also upload HHAP program outcomes to the California Homeless Data Integration System on a quarterly basis.

    More support 

    This round of HHAP funding embraces an inclusive process — helping California regions to assess and build on their existing capacity to address their unique homelessness challenges, transition homeless individuals and families into affordable permanent housing, and support those individuals and families in maintaining stable permanent housing. The funding requires grantees to commit to addressing racial inequities in homelessness, prioritize permanent housing rather than temporary shelters, and include people with lived experience of homelessness in program design.

    “The HHAP Round 5 grants demonstrate how the state can support and amplify regional strategies and coordination to help our most vulnerable residents move into safe and stable housing,” said Business, Consumer Services and Housing Secretary Tomiquia Moss. “The accountability in this round of funding ensures we are empowering local partners to design local solutions to prevent and end homelessness, and produce measurable results. By working together to address the unique needs in their communities we get that much closer to reducing unsheltered homelessness across the State.”

    HHAP funds build on ongoing state investments and are intended to be paired strategically with other state, local, and federal funds, including other HCD programs like Homekey+

    Care, compassion, collaboration 

    Today’s announcement follows the Governor’s executive order urging local governments to adopt policies and plans consistent with the California Department of Transportation’s (Caltrans) existing encampment policy.

    Prioritizing encampments that pose a threat to the life, health, and safety of the community, Caltrans provides advance notice of clearance and works with local service providers to support those experiencing homelessness at the encampment, and stores personal property collected at the site for at least 60 days.  Earlier this month, Governor Newsom also provided local communities with $131 million, as part of the state’s $1 billion of Encampment Resolution Funds to address homelessness, to help local governments address homeless encampments and provide shelter, care, and support.

    As required by the Governor’s executive order, the California Interagency Council on Homelessness today is releasing new guidance to assist local communities in addressing encampments. The guidance provides local communities with best practices for resolving encampments and connecting individuals in encampments with services and housing.

    California is also transforming behavioral health care by improving access, accountability, transparency, and capacity. This includes through the Community Assistance, Recovery, and Empowerment (CARE) Court, a first-in-the-nation approach to create accountability for connecting individuals with untreated psychosis to the treatment and housing they need. It also includes Proposition 1, which is expanding the behavioral health continuum using existing dollars and providing care to individuals experiencing mental health conditions and substance use disorders — with a particular focus on people who are the most seriously ill, vulnerable, and at risk of homelessness or homeless. 

    HHAP Funding provided by region

    Local communities and organizations are required to coordinate and apply together through Regionally Coordinated Homelessness Action Plans. The 37 California regions awarded HHAP funds today have approved plans that demonstrated a commitment to the priorities of creating permanent housing solutions and sustaining existing interim housing. 

    For a list of regions receiving the award, view here.

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