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Category: Transport

  • MIL-OSI: Allredi Signs Partnership with GMA Garnet Group to Expand its Distribution Network

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, June 12, 2025 (GLOBE NEWSWIRE) — Allredi, a North American distributor of surface preparation, abrasives, and safety products to industrial contractors, announced today that it entered into a partnership with GMA Garnet Group (“GMA”) providing Allredi with access to GMA’s extensive abrasive product line across its supply chain throughout the U.S. and Canada. Allredi is backed by Capstreet, a Houston-based lower middle market private equity firm, and Ridgemont Equity Partners, a middle market private equity firm based in Charlotte, NC.

    Allredi supplies garnet abrasives to end users for the maintenance, cleaning and repair of large steel structures in the industrial, infrastructure, and downstream energy sectors. GMA provides garnet abrasives for use in blasting steel, aluminum, stainless steel, and glass, with operations in North America, Asia-Pacific, Europe, South Africa, and the Middle East.

    “GMA produces a quality, high performance garnet abrasive, and we are excited to partner with them to better serve our customers,” said Allredi CEO Kevin Bourbonnais. “Our agreement with GMA provides Allredi with new access to a large, consistent volume of quality garnet processed in the U.S. With GMA’s processing facilities in Texas, Oregon, and Pennsylvania, we believe we can effectively serve customers throughout the U.S. and Canada, expanding beyond our previous Gulf-centric approach to Garnet distribution.”

    GMA manages the end-to-end supply chain, from sourcing to processing to international distribution, and reprocessing. With a long history of sustainable mining, GMA is focused on energy-efficient processing and reductions in landfill.

    “We’re excited about this partnership with Allredi, which expands our geographic reach across North America,” said Scot Cummins, Regional Sales Director at GMA Americas. “In particular, this will offer us an opportunity to increase our presence across Canada. Allredi’s strong distribution network and customer relationships make them a great fit for delivering GMA’s high-performance garnet to more end users. This partnership also supports our commitment to help customers reduce abrasive waste through initiatives like the Garnet Return Program.”

    To learn more about GMA Garnet Group, visit www.gmagarnet.com.

    About Allredi
    Allredi is a North American distributor of surface preparation, abrasives, and safety products to industrial contractors primarily in the industrial, infrastructure, and downstream energy sectors. The company was founded in 1944 and is headquartered in Pasadena, TX with 24 locations throughout the U.S. and Canada. Please visit www.allredi-us.com for additional information.

    About Capstreet
    Founded in 1990, Capstreet invests in lower middle market software, tech-enabled services, and industrial business services companies. With more than 50 platform investments and more than 200 add-on acquisitions since inception, Capstreet’s investment strategy is focused on utilizing its Capvalue Framework® to help accelerate growth and profitability, and create long-term sustainable businesses. The majority of Capstreet’s investments have been with founder- or entrepreneur-owned businesses. For more information, visit the Capstreet website, https://capstreet.com.

    About Ridgemont Equity Partners
    Ridgemont Equity Partners is a Charlotte-based middle market private equity firm that has provided buyout and growth capital to industry-leading companies in the business services, industrials, and healthcare sectors for three decades. The principals of Ridgemont have refined a proven, industry-focused model designed to build distinctive middle market companies. www.ridgemontep.com.

    Contact:
    Lambert by LLYC
    Joanne Lessner, 212-222-7436, jlessner@lambert.com
    Jennifer Hurson, 845-507-0571, jhurson@lambert.com

    The MIL Network –

  • MIL-OSI: Aemetis CEO Meets with White House, Congress, and Agencies Regarding Support for Domestic Energy and Rural Communities in Budget Bill

    Source: GlobeNewswire (MIL-OSI)

    CUPERTINO, Calif., June 12, 2025 (GLOBE NEWSWIRE) — Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company, announced today that its Chairman and CEO, Eric McAfee, has held meetings regarding support for domestic energy and rural communities in the federal tax bill with members of the Senate and House of Representatives, and with officials at the U.S. Department of Agriculture, Department of Energy, Treasury Department, and the White House National Economic Council. The meetings included a one hour presentation on transferable tax credits and the benefits of Section 45Z production tax credits to the Chief of Staff and biofuels policy staff of the Congressional Joint Committee on Taxation.

    “The One Big Beautiful Bill Act is a generational opportunity to support domestic energy and rural communities through Section 45Z production tax credits for biofuels and biogas,” Mr. McAfee stated. “This year, we have travelled to Washington D.C. more than ten times to meet with the White House, Senate and House, as well as to present to agencies related to biofuels and biogas to communicate the important role of 45Z in the expansion of American energy and the importance of funding to farmers and rural communities through higher value crops.”

    The 45Z production tax credit (PTC) was established in 2022 and went into effect in January 2025. If enacted, the federal tax and spending bill version passed by the House would modify the Section 45Z PTC to extend the credit availability by four years from 2027 to 2031, require the use of domestic feedstocks, and eliminate the indirect land use penalty for ethanol and other biofuels.

    The value of the Section 45Z production tax credits earned by Aemetis is directly correlated with the quantity of biofuels and biogas produced. From 12 dairies currently operating, Aemetis Biogas is rapidly scaling up the construction of dairy digesters to produce renewable natural gas (RNG) using feedstock from 50 dairies that have already entered agreements with Aemetis Biogas. This summer, 16 dairies are scheduled to be operating in the Aemetis Biogas Central Digester Project near Modesto, California, with 36 miles of biogas pipeline and a central biogas-to-RNG production facility already in operation delivering RNG into the PG&E utility gas pipeline.

    Aemetis renewable energy and energy efficiency projects include the expansion of dairy renewable natural gas production to generate more than 1 million MMBtu per year of renewable natural gas; the Keyes ethanol plant mechanical vapor recompression system that is expected to generate $32 million of increased annual cash flow starting in 2026; the Riverbank carbon sequestration project to inject 1.4 million tons per year of CO2 per year underground; and the 78 million gallon per year sustainable aviation fuel and renewable diesel plant that has already received Authority To Construct air permits and other key approvals.

    About Aemetis

    Headquartered in Cupertino, California, Aemetis is a renewable natural gas and renewable fuel company focused on the operation, acquisition, development and commercialization of innovative technologies that replace petroleum products and reduce greenhouse gas emissions. Founded in 2006, Aemetis is operating and actively expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin. Aemetis is developing a sustainable aviation fuel and renewable diesel fuel biorefinery in California that will use renewable hydrogen and hydroelectric power to produce low carbon intensity renewable jet and diesel fuel. For additional information about Aemetis, please visit www.aemetis.com.

    Safe Harbor Statement

    This news release contains forward-looking statements, including statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements include, without limitation, projections of financial results in 2025 and future years; statements relating to the development, engineering, financing, construction and operation of the Aemetis ethanol, biogas, SAF and renewable diesel, and carbon sequestration facilities; our ability to promote, develop, finance, and construct facilities to produce biogas, renewable fuels, and biochemicals; and statements about future market prices and results of government actions. Words or phrases such as “anticipates,” “may,” “will,” “should,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “showing signs,” “targets,” “view,” “will likely result,” “will continue” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and predictions and are subject to numerous risks and uncertainties. Actual results or events could differ materially from those set forth or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other industries in which we operate, commodity market risks including those that may result from current weather conditions, financial market risks, customer adoption, counter-party risks, risks associated with changes to federal policy or regulation, and other risks detailed in our reports filed with the Securities and Exchange Commission, including our Annual Reports on Form 10-K, and in our other filings with the SEC. We are not obligated, and do not intend, to update any of these forward-looking statements at any time unless an update is required by applicable securities laws.

    Company Investor Relations
    Media Contact:
    Todd Waltz
    (408) 213-0940
    investors@aemetis.com

    External Investor Relations
    Contact:
    Kirin Smith
    PCG Advisory Group
    (646) 863-6519
    ksmith@pcgadvisory.com

    The MIL Network –

  • MIL-OSI: Charli Capital Expands Investment Intelligence Suite with Investor Relations Dashboard, A First-Of-Its-Kind Dual-Sided Network Platform, Empowering Investors and Companies to Connect, Collaborate, and Capitalize

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 12, 2025 (GLOBE NEWSWIRE) — Charli Capital, the company behind the proprietary Multidimensional AI™ and a leader in financial intelligence infrastructure, today announced the launch of its latest platform innovation: the Charli Investor Relations Dashboard. This transformative tool is set to redefine how investors and private companies connect, communicate, and collaborate in today’s high-velocity financial environment.

    Purpose-built for both public and private market participants, the Charli IR Dashboard offers a first-of-its-kind, dual-sided network interface that eliminates long-standing friction between capital allocators and capital seekers. Leveraging Charli’s advanced AI engine, the platform delivers real-time transparency, structured communication, and intelligent automation—all within a secure, interactive environment.

    “The Investor Relations Dashboard is not just a product—it’s a new capital markets infrastructure layer,” said Kevin Collins, CEO of Charli Capital. “It transforms investor communications from static and reactive to dynamic, intelligent, and proactive. We’re increasing capital efficiency by giving both sides of the market access to the same trusted platform, the same intelligence, and the same opportunity to build value.”

    Built for a New Era of Market Transparency and Capital Agility

    In a time where market velocity, investor scrutiny, and regulatory expectations are intensifying, the Charli Investor Relations Dashboard gives companies a decisive edge. It empowers leadership teams to control their capital markets presence, delivering real-time access to strategic narratives, financial performance, and investor-facing communications—all within a single, trusted platform.

    Key features include:

    • Smart Deal Discovery & Relationship Management – One platform to discover, engage, and manage investment opportunities.
    • Searchable Access to 2M+ Companies – Private and public companies enriched with AI-normalized fundamentals, sentiment analysis, and strategic intelligence.
    • Standardized Investment Scorecards – Delivering consistent, analyst-grade evaluations across multiple asset classes.
    • Investor Readiness Scores – AI-powered benchmarks that help companies improve transparency and attract high-quality capital.
    • Capital Campaign Tools – Securely manage investor outreach, share documents, and deliver timely updates that build trust and keep momentum moving.

    For private and public companies alike, the Charli Investor Relations Dashboard offers a powerful opportunity to take control of their market narrative and stand out in an increasingly competitive funding landscape. By centralizing key financials, strategic messaging, and real-time updates in a single investor-ready profile, companies can showcase their growth story with clarity, confidence, and credibility. No longer reliant on fragmented communications, firms can now engage directly with high-quality investors and accelerate their path to capital—all while building long-term relationships rooted in data, trust, and strategic alignment.

    Availability

    The Charli Investor Relations Dashboard will be available early in July to early adopters including leading exchanges, asset managers, and venture-backed growth companies. The platform is scheduled for general availability this summer, with onboarding and enterprise integrations already underway.

    To learn more and join the waitlist, visit https://product.charliai.com/dashboard-ir

    About Charli Capital
    Charli Capital is redefining the future of private investing through a first-of-its-kind dual-sided network, powered by Multidimensional AI™. The Charli platform delivers real-time insights across more than 2 million private and public companies, empowering investors to uncover opportunities, validate decisions, and connect with confidence. From discovery to due diligence, Charli Capital is where next-generation investment decisions begin.
    To learn more, visit www.charliai.com

    For Media Inquiries, Please Contact:
    Fatema Bhabrawala
    Director of Media Relations
    fbhabrawala@allianceadvisors.com

    The MIL Network –

  • MIL-OSI: Richtech Robotics’ Titan Selected as Robotics Innovation of the Year by the SupplyTech Breakthrough Awards

    Source: GlobeNewswire (MIL-OSI)

    Las Vegas, NV, June 12, 2025 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics” or the “Company”), a Nevada-based provider of AI-driven service robots, announced that its Titan robot was selected as the winner of the Robotics Innovation of the Year award by the 4th annual SupplyTech Breakthrough Awards program. The Titan robot is designed to increase efficiency and revenue by streamlining delivery, in the automotive repair space for example, allowing employees to work faster and smarter.

    “We’re honored that our Titan robot has been recognized by the SupplyTech Breakthrough Awards for its innovation and impact,” said Matt Casella, President of Richtech Robotics. “Integrating Titan into multi-bay automotive service centers highlights how robotics can eliminate repetitive tasks, boost technician productivity, and ultimately create more value for both businesses and their customers.”

    Richtech Robotics is partnering with leading auto dealerships across the U.S. to integrate its Titan robot into their workflow in order to save time, reduce operational expenses, and enhance overall efficiency. For example, at large multi-bay service centers with a variety of warehouse footprints, customers have reported that Titan has been able to save technicians an average of an hour per day, while also improving the accuracy of the internal parts delivery system.

    The SupplyTech Breakthrough Awards, a part of the Tech Breakthrough Organization, is a recognition platform for companies and individuals driving significant advancements in the supply chain and logistics industry through technology. For more information about the SupplyTech Breakthrough Awards program, visit supplytechbreakthrough.com.

    About Richtech Robotics

    Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at www.RichtechRobotics.com and connect with us on X (Twitter), LinkedIn, and YouTube.

    Forward Looking Statements

    Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the benefits of integrating the Titan robot in the automotive repair space, including the likelihood of reducing operational expenses and enhancing overall efficiency.

    These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to Richtech Robotics’ products, industry and general economic and market conditions. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K/A, filed with the SEC on March 4, 2025, the IPO registration statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

    Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

    Investors:
    CORE IR
    Matt Blazei
    ir@richtechrobotics.com 

    Media:
    Timothy Tanksley
    Director of Marketing
    Richtech Robotics, Inc
    press@richtechrobotics.com 
    702-534-0050

    The MIL Network –

  • MIL-OSI: Oportun Lead Independent Director Neil Williams Issues Letter to Stockholders

    Source: GlobeNewswire (MIL-OSI)

    Highlights Board’s proactive measures to increase long-term stockholder value and record of effective oversight

    Urges stockholders to vote “FOR” Oportun’s two highly qualified nominees – CEO Raul Vazquez and Carlos Minetti – on the GREEN proxy card

    SAN CARLOS, Calif., June 12, 2025 (GLOBE NEWSWIRE) — Oportun (Nasdaq: OPRT), a mission-driven financial services company, today issued a letter to stockholders from Lead Independent Director Neil Williams detailing the actions that Oportun’s Board of Directors has taken to drive improved financial performance and reposition the Company for future success.

    After nearly eight years of dedicated service to Oportun’s Board, Mr. Williams plans to retire at the Company’s upcoming 2025 Annual Meeting of Stockholders. In his letter urging shareholders to vote in favor of Oportun’s skilled and experienced nominees, Mr. Williams highlights:

    • In response to the changing economic environment, Oportun announced a detailed plan to reduce expenses and streamline operations in February 2023.
    • The announcement of that plan took place nearly two months before the Company was aware that Findell Capital Management was a stockholder. Over the next two years, Oportun:
      • Executed multiple reductions in force; eliminated expenses across the organization; initiated a strategic review process for the Company’s credit card portfolio that eventually resulted in its sale; and discontinued several non-core businesses.
    • Oportun has driven $240 million in cost savings since mid-2022, and over the last two quarters returned to GAAP profitability.
    • Oportun’s highly engaged and qualified Board possesses the right mix of skills and experience to continue driving Oportun’s strong momentum. The expertise of the Company’s nominees, CEO Raul Vazquez and Carlos Minetti, aligns with the needs of the business and provides a strong foundation to guide Oportun moving forward.

    The Board urges stockholders to vote “FOR” Oportun’s two highly qualified nominees using the GREEN proxy card or GREEN voting instruction form. The letter to stockholders and other important information related to the Annual Meeting can be found at VoteForOportun.com.

    The full text of the letter to stockholders follows:

    Dear Fellow Oportun Financial Stockholders,

    My name is Neil Williams and I am the Lead Independent Director at Oportun Financial Corporation.

    At our upcoming Annual Meeting of Stockholders, one of Oportun’s stockholders, Findell Capital, is seeking to remove our CEO, Raul Vazquez, from the Board of Directors. Findell seeks to replace Raul on the Board with an individual who we believe is substantially less qualified and lacks Raul’s institutional knowledge and experience with Oportun. Earlier this year, the Board conducted a comprehensive review of Raul’s performance – as we do every year – and unanimously concluded that Raul is the right person to lead the Company forward. Removing him from the Board would leave Oportun without a seasoned leader and risk destabilizing the Company at a critical time.

    I joined the Board in 2017, at a time when the Board’s focus was on capitalizing on favorable economic conditions to accelerate the Company’s growth. The Board recognized an opportunity to deepen and extend our relationship with our customers and, in doing so, increase long-term stockholder value.

    Together with management, we developed and executed a plan to expand the Company’s offerings to include credit cards, secured personal loans, and tools for savings, budgeting and investing, while also expanding our personal loan portfolio and its regional footprint. That strategy initially resulted in significant growth and improved credit metrics until the economic environment changed dramatically beginning in early 2022. At that point, it became clear that our growth-focused approach was no longer viable.

    Findell would like stockholders to believe that the Board was unresponsive to the challenges the Company faced and only took action after being prompted by Findell and its designees.

    Nothing could be further from the truth.

    When conditions changed, the Board did what responsible fiduciaries are expected to do: we acted decisively with management to put the Company on a better path. In February 2023 – nearly two months before we were even aware that Findell was a stockholder – we announced a detailed plan to reduce expenses and streamline operations. Over the next two years, we:

    • Executed multiple reductions in force;
    • Eliminated expenses across the organization;
    • Initiated a strategic review process for our credit card portfolio that eventually resulted in its sale; and
    • Discontinued several non-core businesses.

    Since we took these actions, our team has been executing well and delivering on our commitments. We have driven $240 million in cost savings since mid-2022, and over the last two quarters Oportun returned to GAAP profitability.

    We also focused on tightening our credit standards in light of the new environment. Our credit tightening actions have been effective in improving the quality of our loan portfolio, as evidenced by the $439 million asset-backed securitization transaction we executed earlier this month, featuring our first class of notes rated AAA. At a 5.67% average yield, this pricing was 128 basis points lower than our January ABS financing, under arguably a more uncertain macroeconomic backdrop.

    All of these actions were initiated before we added two individuals identified by Findell to the Board, and were part of a plan to reposition the Company we had developed independently of Findell.
    It is no coincidence that our longer-serving directors were able to develop and oversee a plan to transform Oportun. These individuals are exceptionally talented and deeply committed to the Company, each bringing complementary and relevant skills to the Board. Their expertise is aligned with the needs of our business and forms a strong foundation for effective oversight.

    • Jo Ann Barefoot is experienced in consumer finance regulation. Her background as former Deputy Comptroller of the Currency, as well as her experience serving on the Consumer Advisory Board of the Consumer Financial Protection Bureau, gives her critical insight into some of the Company’s most significant risks and opportunities. Since joining the Board in 2016, her background and expertise have been instrumental in navigating the regulatory landscape as we expanded our geographic footprint and evolved our business model.
    • As the former President and COO of Khan Academy, Ginny Lee has experience driving growth and operational excellence at a mission-driven, technology-focused organization. In addition, she spent more than 17 years at Intuit where she held multiple senior executive operational and technical roles, including Chief Information Officer. In that role, she helped grow Intuit, now one of the world’s largest fintech companies.
    • As a former senior and managing partner at KPMG, Louis Miramontes has advised hundreds of large public and private companies and their boards on audit, compliance and regulatory matters in the U.S. and Latin America. His expertise in public company financial reporting ensures strong oversight of the Company’s financial reporting processes and compliance.
    • Sandra Smith has a strong track record of building and scaling financial operations at leading technology companies. For example, she held senior financial roles at both public and venture-backed technology companies, including Twilio and Akamai Technologies, where she also led the investor relations program, enabling her to provide a valuable stockholder perspective in the boardroom. Her experience makes her an ideal Chair of our Audit Committee.
    • Raul Vazquez has served as Oportun’s CEO for more than a decade and has helped grow the Company’s loan portfolio from $100 million in 2012 to approximately $3 billion today. Under Raul’s leadership, Oportun grew loan originations from $243 million to $1.8 billion and expanded from 2 to 41 states. Before joining Oportun, he was a senior executive at Walmart.com and Walmart Inc., where he helped shape and scale the company’s multi-channel strategy and developed deep expertise in retail, operations and digital innovation – which prepared him well to lead a multi-channel, customer-centric business like Oportun.

    Over the last 16 months, we have appointed four new independent directors to the Board – Mohit Daswani, Carlos Minetti, Scott Parker and Richard Tambor. In addition, over the last two years, four other directors have stepped down. Importantly, two of the newly appointed directors, Scott and Richard, were recommended by Findell.

    Despite having a strong set of qualified directors, the Company’s 10-member Board was larger than our historical practice, and larger than the boards of many of our peers. We recognized that a smaller Board would be more in line with industry practice, increase focus and improve effectiveness, while also being consistent with feedback from stockholders, including Findell. Accordingly, to facilitate a reduction in Board size from 10 to eight directors, my colleague Scott and I are not standing for reelection at the upcoming Annual Meeting and will step down from the Board at that time.

    As I approach the end of my tenure at Oportun, I am confident that the Company is in good hands and on the right path, as demonstrated by continually improving financial performance in 2024 and the first quarter of 2025. The Board has worked energetically with the management team to create value. While there is more work to do, I am proud of the progress we have made to reposition the business for long-term success.

    Oportun’s transformation has occurred not because the Board was pushed reluctantly into action as Findell claims, but because the Board and management recognized the need for a different approach to address an evolving macroeconomic environment. We proactively set a new direction and have worked diligently to oversee its execution. The incumbent directors have driven that change, and, in my view, are best equipped to ensure Oportun’s momentum continues.

    For these reasons, I strongly encourage you to vote FOR Oportun’s director nominees – Raul Vazquez and Carlos Minetti – by following the instructions on the GREEN proxy card or GREEN voting instruction form.

    Sincerely,

    Neil Williams

    Your Vote Is Important!

    Please vote on the GREEN proxy card “FOR” the Company’s two nominees using one of the following options:

    • Follow the instructions set forth on the enclosed GREEN proxy card or GREEN voting instruction form to vote via the Internet,
    • Follow the instructions set forth on the enclosed GREEN proxy card or GREEN voting instruction form to vote by telephone, or
    • Sign and date the enclosed GREEN proxy card or GREEN voting instruction form and return it in the postage-paid envelope provided.

    Remember, please discard any white proxy card or white voting instruction form that you may receive from Findell. If you have already voted using a white proxy card or white voting instruction form, you may cancel that vote by simply voting again using the Company’s GREEN proxy card or GREEN voting instruction form. Only your latest-dated vote will count!

    If you have any questions about how to vote your shares, please call the firm assisting us with the solicitation of proxies:

    INNISFREE M&A INCORPORATED
    Shareholders may call:
    (877) 800-5195 (toll-free from the U.S. and Canada) or
    +1 (412) 232-3651 (from other countries)

    Cautionary Statement on Forward-Looking Statements
    Certain statements in this communication are “forward-looking statements”. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this communication, including statements as to our future performance, financial position and our strategic initiatives, and the Annual Meeting, are forward-looking statements. These statements can be generally identified by terms such as “expect,” “plan,” “goal,” “target,” “anticipate,” “assume,” “predict,” “project,” “outlook,” “continue,” “due,” “may,” “believe,” “seek,” or “estimate” and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as “will,” “should,” “would,” “likely” and “could.” These statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events, financial trends and risks and uncertainties that we believe may affect our business, financial condition and results of operations. These risks and uncertainties include those risks described in our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K for the year ended December 31, 2024, as well as our subsequent filings with the SEC. These forward-looking statements speak only as of the date on which they are made and, except to the extent required by federal securities laws, we disclaim any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as required by law. In light of these risks and uncertainties, there is no assurance that the events or results suggested by the forward-looking statements will in fact occur, and you should not place undue reliance on these forward-looking statements.

    A photo accompanying this announcement is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/24cd006c-d8c9-4110-a2e8-aecbc29376a0

    The MIL Network –

  • MIL-OSI: KraneShares Expands Single-Stock Levered ETF Suite With 2X Investment Exposure to Mercado Libre (KMLI)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 12, 2025 (GLOBE NEWSWIRE) — Krane Funds Advisors (“KraneShares”), an asset management firm known for its global exchange-traded funds (ETFs), today announced the expansion of its Single-Stock Levered ETF Suite with the KraneShares 2X Long MELI Daily ETF (Ticker: KMLI), which listed today.

    KMLI seeks daily investment results, before expenses and fees, of 2 times (200%) the daily percentage change of Mercado Libre, a key player in the digitalization of commerce in the developing world.

    Mercado Libre is Latin America’s most popular E-Commerce platform, beating out Amazon in the region in terms of users.1 Mercado Libre helps power the digital transformation in 18 developing and middle-income countries through frictionless commerce and financial inclusion.2

    “Global consumer internet companies continue to represent an important growth theme, as internet adoption increases, especially in the developing world,” said James Maund, KraneShares Head of Capital Markets. “We are excited to expand our Single-Stock Levered ETF Suite with KMLI, whose underlying exposure, Mercado Libre, is a cornerstone of the digital transformation in Latin America. We hope to continue to expand the Suite to help our investors capitalize on the latest growth trends within international internet and technology markets.”

    The global middle class already accounts for two-thirds of global spending,3 and an increasing portion of that spending is occurring online. Mercado Libre is an innovative player facilitating this transition and stands to benefit substantially from increasing E-Commerce penetration rates in global markets.

    For more information on the KraneShares Single Stock Levered ETFs, please visit https://kraneshares.com/kmli or consult your financial advisor.

    Investors should be aware that they can lose their entire investment. Single-stock ETFs, unlike traditional ETFs that diversify across a range of stocks, focus solely on the performance of a single stock, significantly increasing investment risk. KraneShares Single Stock Levered ETFs aim for daily investment results that match 2x the daily performance of the underlying stock. Investors should be aware that returns may diverge from the stock’s actual performance if held for more than a day.

    Due to their leveraged nature, these funds require close monitoring, as they can magnify both potential gains and losses. A flat performance of the underlying stock may lead to a loss, and in certain scenarios, these funds can incur losses even when the stock price fluctuates positively or negatively over several days. Therefore, they are not suitable for every investor and are specifically intended for knowledgeable individuals who grasp the mechanics of leveraged investing and are willing to actively manage risks. Understanding volatility is essential, as minor stock movements and increased volatility can result in returns that significantly deviate from the expected target.

    About KraneShares

    KraneShares is a specialist investment manager focused on China, Climate, and Alternatives. KraneShares seeks to provide innovative, high-conviction, and first-to-market strategies based on the firm and its partners’ deep investing knowledge. KraneShares identifies and delivers groundbreaking capital market opportunities and believes investors should have cost-effective and transparent tools for attaining exposure to various asset classes. The firm was founded in 2013 and serves institutions and financial professionals globally. The firm is a signatory of the United Nations-supported Principles for Responsible Investment (UN PRI).

    Citations:

    1. Westberg Peter. “Mercado Libre: The Digital Backbone of Latin America,” Quartr. January 3, 2025.
    2. Company Reports as of 12/31/2025.
    3. Data from Brookings Institution as of 12/31/2021.

    Important Notes:

    Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund’s full and summary prospectus, which may be obtained by visiting: www.kraneshares.com/kmli. Read the prospectus carefully before investing.

    Risk Disclosures:

    Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.

    This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. Certain content represents an assessment of the market environment at a specific time and is not intended to be a forecast of future events or a guarantee of future results; material is as of the dates noted and is subject to change without notice.

    The Fund may invest in derivatives, which are often more volatile than other investments and may magnify Fund’s gains or losses. Derivatives (i.e., futures/forward contracts, swaps, and options) are contracts that derive their value from the performance of underlying assets. The primary risk of derivatives is that changes in the assets’ market values and the derivatives may not be proportionate, and some derivatives can have the potential for unlimited losses. Derivatives are also subject to liquidity and counterparty risks. The Fund is subject to liquidity risks, meaning that certain investments may become difficult to purchase or sell at a reasonable time and price. If transactions for these securities are large, it may not be possible to initiate them, which may cause the Fund to suffer losses. Counterparty risks are the risks of loss in the event that the counterparties to an agreement fail to make required payments or otherwise comply with the terms of the derivatives.

    The Underlying Stocks are exposed to numerous risks that can impact their revenues and viability, such as price volatility, management, inflation, global economic conditions, and natural disasters. Their performances may be influenced by trends in commerce, cloud computing, international trade policies, and regulatory changes. The Fund’s daily returns rely on the Underlying Stocks’ performances and volatility. Issuer-specific factors may increase Fund investment volatility compared to the overall market. Mercado Libre faces risks from competition in E-Commerce, economic uncertainties, demand declines, revenue concentration, geopolitical events, intellectual property issues, exchange rates, reliance on third-party manufacturing, shortages, cybersecurity threats, system failures, rising costs, government regulations, compliance expenses, litigation, taxes, debt, and talent retention.

    The Fund aims for daily investment results of 200% of the daily percentage changes of the Underlying Stock. Their performances over longer periods will likely differ from the Underlying Stock due to compounded returns, which significantly affect leveraged funds. If the Underlying Stock perform poorly, the dollar losses for shareholders will be smaller if their investments have already decreased. Conversely, if the stocks perform well, future losses will be larger as the investment values have increased. Compounding effects become more pronounced with higher volatility and longer holding periods, impacting shareholders differently based on their investment durations and the stocks’ volatility. Various factors can impact the Fund’s correlations with Underlying Stocks, and achieving high correlations is not guaranteed. If the Fund fails to achieve correlation, they may not meet their investment objectives, with NAV changes varying significantly from 200% of the Underlying Stocks’ changes. To maintain correlations, the Fund’s attempt daily rebalancing for consistent exposures. Major deviations can increase leverage risks. Market disruptions and volatility can hinder the Fund’s ability to adjust. Target exposures fluctuate, making perfect 200% exposures unlikely, especially on volatile days. Other elements, like fees and market conditions, can also affect correlations. The Fund may change positions for tax efficiency, which could harm correlations. Large asset movements or trading discrepancies may lead to under- or overexposures, reducing the Fund’s ability to meet their daily objectives. The Fund uses leverage to gain investment exposure beyond their net assets, leading to potentially greater losses in adverse conditions than non-leveraged funds. A decline in the Underlying Stocks’ daily performance can magnify losses, decreasing the Fund’s value by 2% for each 1% drop, excluding costs. Losses could exceed net assets if the Underlying Stock falls over 50%. Due to limited investments, the Fund may need to limit or suspend the creation or redemption of Creation Units. During these times, shares might trade at significant premiums or discounts to their net asset values. If creations are halted, large redemptions could force the Fund to sell securities at unfavorable prices, increasing costs and taxable distributions to shareholders. The Underlying Stock is listed on an exchange, but an active trading market isn’t guaranteed, and trading can be halted. A halt in the Underlying Stock usually leads to a halt in the Fund’s shares. Trading may stop due to market conditions or exchange decisions, and halts can occur from extraordinary volatility under circuit breaker rules. Extended trading halts may hinder the Fund’s ability to arrange necessary swaps for its investment strategy.

    Narrowly focused investments typically exhibit higher volatility. The Fund’s assets are expected to be concentrated in a single stock. The securities or futures in that concentration could react similarly to market developments. Thus, the Fund is subject to loss due to adverse occurrences that affect that concentration. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. KMLI is non-diversified.

    The Latin American economy is an emerging market, vulnerable to domestic and regional economic and political changes, often showing more volatility than developed markets. Companies face risks from potential government interventions, and the export-driven economy is sensitive to downturns in key trading partners, impacting the Fund. Regulatory standards in these markets are less stringent than in the U.S., resulting in limited information about issuers. Tax laws are unclear and subject to change, potentially impacting the Fund and leading to unexpected liabilities for foreign investors. The economies of certain Latin American countries have experienced high interest rates, economic volatility, inflation, and high unemployment rates. Fluctuations in the currencies of foreign countries may have an adverse effect on domestic currency values. The Fund is new and does not yet have a significant number of shares outstanding. If the Fund does not grow in size, it will be at greater risk than larger funds of wider bid-ask spreads for its shares, trading at a greater premium or discount to NAV, liquidation and/or a trading halt.

    ETF shares are bought and sold on an exchange at market price (not NAV) and are not individually redeemed from the Fund. However, shares may be redeemed at NAV directly by certain authorized broker-dealers (Authorized Participants) in very large creation/redemption units. The returns shown do not represent the returns you would receive if you traded shares at other times. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Beginning 12/23/2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates the current NAV per share. Prior to that date, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time.

    The KraneShares ETFs and KFA Funds ETFs are distributed by SEI Investments Distribution Company (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Krane Funds Advisors, LLC, the Investment Adviser for the Fund, or any sub-advisers for the Fund.

    Contact:
    KraneShares Investor Relations
    info@kraneshares.com

    The MIL Network –

  • MIL-OSI: TransUnion Analysis Reveals Massive Performance Gap Between Best and Worst Audience Targeting Decisions

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, June 12, 2025 (GLOBE NEWSWIRE) — An analysis from TransUnion (NYSE: TRU) sheds new light on the impact of audience composition on marketing performance, showing that making the best targeting decisions can have a compounding effect on return on ad spend (ROAS}—an upside of up to 9x.

    The analysis, based on real-world campaigns from 25 TransUnion measurement clients across five verticals, revealed a widening performance gap as audiences became more targeted: An audience built with two optimal consumer traits had a 3.6X ROAS upside, while an audience with three optimal traits had a 7.2X ROAS upside.

    Conversely, the analysis also highlights the risk of making sub-optimal targeting decisions, i.e., the more campaigns were targeted to the wrong audience segments, the worse they performed. At the farthest end of that spectrum, mistargeted campaigns saw –90% ROAS, placing fresh emphasis on the importance of audience building to the bottom line.

    “In a world with thousands of targeting choices, the challenge is selecting the most effective option from many that appear similar,” said Matt Spiegel, EVP of TruAudience Growth Strategy. “Our data proves that even within common attributes like income or age, the performance difference can be massive.”

    Positive and Negative Impact of Targeting Sophistication on ROAS

      Single
    Characteristic
    Audience    		 Two
    Characteristics
    Combined    		 Three
    Characteristics
    Combined    		 Four
    Characteristics
    Combined    		 Six
    Characteristics
    Combined
    Correct
    Decisions    		 97% 3.6X 7.2X 8.3X 9X
    Wrong
    Decisions    		 -49% -78% -88% -89% -90%

    The analysis evaluated 26 targeting attributes across six distinct categories such as age, income, presence of children, and neighborhood type. The findings showed that even subtle variations in targeting led to significant swings in return on ad spend — reinforcing the need for smarter audience strategy.

    Rather than defaulting to broad assumptions — like “go after high income” or “target by age group” — marketers have an opportunity to uncover more precise combinations, often where they least expect them. The analysis reveals just how much performance can hinge on thoughtful, data-backed audiences.

    “This isn’t guesswork — it’s measured behavior,” said Mike Finnerty, SVP Marketing Solutions at TransUnion. “Recognizing the impact of the best targeting decisions on the bottom line and pulling out actionable insights is only possible when you have a persistent view of identity that runs through every marketing activity, from planning to measurement.”

    Ultimately, this analysis illustrates the true potential of multi-dimensional targeting, putting it alongside engaging creative as a key driver of marketing performance.

    “In today’s marketing landscape, great creative and thoughtful precise targeting are both needed to create the best outcomes. And it is worth noting that targeting decisions by themselves, especially more advanced targeting strategies, are independently impactful,” concluded Spiegel.

    Click here to learn more about TruAudience audience solutions.

    Methodology
    The analysis is based on Q4 2024 campaign data from 25 brands across five industries, with at least two brands per industry. Quarterly spend ranged from $5 million to over $100 million per brand. In total, $1.5 billion in campaign spend and over 18.4 billion events across a broad set of addressable paid media channels, including audio, connected TV, display, search, social and video were analyzed using TransUnion’s MTA platform and TruAudience® identity graph. Return on ad spend reflects actual ad exposure and conversion outcomes at the household level.

    About TransUnion (NYSE: TRU)
    TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. http://www.transunion.com/business

    The MIL Network –

  • MIL-OSI: Oyster Solutions To Add CAT Reporting Agent Services To CAT, CAIS Modules

    Source: GlobeNewswire (MIL-OSI)

    RICHMOND, Va., June 12, 2025 (GLOBE NEWSWIRE) — Oyster Solutions, the premier provider of GRC software for financial services firms, announced that it will be offering Consolidated Audit Trail (CAT) Reporting Agent services. This designation will further strengthen the platform’s ability to support clients with end-to-end CAT and CAIS compliance and reporting solutions in one central program.

    The Oyster Solutions CAT and CAIS modules are built on the success of Oyster Solutions’ previous investments into governance, risk and compliance technologies, which to date have helped financial services professionals improve the efficiency and accuracy of their compliance programs.

    Users of the Oyster Solutions CAT/CAIS modules also benefit from direct access to Oyster Consulting’s experts, who provide strategic guidance, regulatory insight, and hands-on support to optimize reporting accuracy and ensure ongoing compliance.

    The Consolidated Audit Trail (CAT) Module

    The Oyster Solutions CAT module consolidates CAT reporting events, error analysis, and validation data into a central program. It finds mistakes, connections, and holes, and quickly fixes them in large quantities that the FINRA CAT Portal cannot. This powerful application helps identify errors, connections, and missing information in vendor data and CAT-reported data, making the reporting process easier and more efficient for you.

    Unlike many of its competitors, the Oyster Solutions CAT module provides CAT file aggregation into a single surveillance platform. This includes:

    • Unlimited CAT/CAIS reporting data files data
    • Unlimited CAT/CAIS FINRA CAT Feedback Files data files
    • Unlimited CAT/CAIS Source files to validate CAT/CAIS report submission files*

    CAT Transactional reporting validation, correction and reconciliation features include:

    • CAT Transactional product and event type aggregation tabs
    • Named error identification and support
    • Automated identification of error events and related audit trail events for research
    • Syntax or field level validation
    • Bulk repair utilities not offered in the FINRA CAT portal
    • Accepted late event identification
    • Source file validation
    • Built-in validations for error corrections and new event creation

    CAIS Module

    The Oyster Solutions CAIS Reporting module helps firms achieve compliance with the full FINRA CAIS Reporting Obligation. The CAIS module uses a web-based GUI that provides firms with practical data so users can efficiently identify, monitor, and manage errors which may impact their report.

    Unlike many of its competitors, the Oyster Solutions CAIS module allows firms to have all CAT transaction and CAIS reporting data in single application. The CAIS module also provides:

    • Efficiency improvements related to centralized data aggregation and enhanced report validation
    • The same research capabilities as in the CAT transactional module (see above)
    • Account and Customer concentric data views
    • Multi-level FDID Reconciliation
    • Material inconsistency feedback efficiencies
    • CAIS reporting history that allows you to track reporting updates
    • LTID and ULTID reporting management

    CAT/CAIS Surveillance

    Over 100 pre-formatted reports provide graphic and sequential displays of data so you can quickly search, sort and filter. Customizable data views allowing limitless sorting/filtering of all reporting data elements, as well as a FINRA CAT technical specification view of reporting events, a linkage tree view showing complete intrafirm audit trail and Dynamic reporting event information grids.

    Streamlined Compliance

    In addition to these popular features that set Oyster Solutions apart, core features of the platform allow you to tailor entitlements and governance, track open issues, upload documentation, and import and export documentation. Audit functions allow you to provide surveillance evidence.

    • Trade Surveillance and Supervision. Oyster Solutions’ Monitor module is specifically designed for the distinct workflows, procedures, and requirements intrinsic to regulatory supervision and surveillance demands. Compliance and Trade Desk teams can leverage Oyster Solutions to compare client activity, profile and investment holdings to employee information, identifying conflicts of interest, compliance parameters and risk tolerance.
    • Governance and Planning. The Oyster Solutions Governance module helps financial services firms define and quantify risk, matching risks to controls, and monitoring process. Oyster Solutions keeps business and controls balanced while meeting regulatory requirements. Role-based permissions allow for visibility by user responsibility, assigned tasks, and supervision to guarantee efficient compliance program management.
    • Centralized documentation allows compliance officers to easily find and retrieve documents, audit logs, test results and attestations.
    • Automated Workflows & Calendar. With the platform’s enhanced, automated calendar, you can schedule compliance workflows, notify users of tasks and guide employees step-by-step through the process. You have visibility into each automated action that will occur, giving you control and peace of mind.

    Data Security

    Oyster Solutions is committed to the security of our customers and their data. Our customers entrust sensitive data to our care. As a cloud-based company entrusted with some of our customers’ most valuable data, we are focused on keeping you and your data safe. Keeping customer data safe is our priority. Oyster Solutions utilizes a Software-as-a-Service (SaaS) model in which security is a shared responsibility among Amazon Web Services (AWS), Oyster Solutions and our customers.

    Additionally, Oyster Solutions’ role-based access ensures that only authorized users have visibility into sensitive client information. Administrators assign appropriate privileges, safeguarding sensitive person identifying information (PII) while enhancing compliance with regulatory requirements.

    About Oyster Solutions

    Oyster Solutions is transforming the compliance experience for broker-dealers, Registered Investment Advisors and exchanges by creating the industry’s leading GRC technologies for financial services firms—to keep firms and their clients better protected. Firms of all sizes use Oyster Solutions to manage their compliance programs, streamline tasks through automation, and improve trade surveillance and supervision. Oyster Solutions and Oyster Consulting LLC are subsidiaries of Oyster Holdings. Learn more at https://www.oysterllc.com/what-we-do/oyster-solutions/.

    Contact

    Buddy Doyle
    Founder, CEO Oyster Consulting LLC

    communications@oysterllc.com

    804-965-5400

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b2916e4c-a90b-41d2-a0fb-a2bd2cece419

    The MIL Network –

  • MIL-OSI Africa: EnerGeo Alliance Joins Upcoming U.S.-Africa Energy Forum (USAEF) to Boost Upstream Investment Across Africa

    The upcoming U.S.-Africa Energy Forum (USAEF) in Houston is proud to announce a strategic partnership with the EnerGeo Alliance, a global trade association for the geoscience and exploration industries. This partnership marks a significant step forward in advancing collaborative energy development between the U.S. and Africa, and in strengthening stakeholder engagement within the natural gas and geoscience sectors.

    Under the partnership, EnerGeo Alliance will support USAEF’s mission by facilitating direct introductions between EnerGeo’s member organizations and USAEF, enabling targeted sponsorship opportunities and fostering deeper industry participation in USAEF’s programming and events.

    With members active in more than 50 countries – including key African markets such as Namibia, Mozambique, Nigeria, Ghana, Angola and South Africa – EnerGeo Alliance plays a vital role in supporting upstream energy development through advanced geoscience, seismic surveying and data-driven exploration. The partnership with USAEF strengthens the shared mission to connect U.S. and African stakeholders, facilitate energy investment and promote natural gas as a reliable, lower-carbon transition fuel.

    “This partnership reflects our commitment to strengthening collaboration between the geoscience community and energy stakeholders across Africa,” said Nikki Martin, President & CEO of EnerGeo Alliance. “With our members actively engaged in key markets across the continent, we see this as an opportunity to elevate upstream dialogue, support data-driven exploration, and help shape pragmatic solutions to Africa’s energy needs.”

    EnerGeo Alliance has been especially active in advocating for natural gas as a sustainable and cost-effective solution to meet growing power demand across Africa. In a recent policy brief, the organization spotlighted South Africa’s natural gas prospects and emphasized the role of upstream data in de-risking exploration and reducing environmental impacts. Their work complements USAEF’s goal of catalyzing partnerships that accelerate infrastructure growth and increase access to reliable energy across the continent.

    The partnership is expected to play a pivotal role in USAEF 2025, where EnerGeo Alliance will engage with delegates to spotlight the role of geoscience in upstream investment and showcase how seismic technologies can reduce risk and improve environmental outcomes in natural gas development. By aligning their networks and resources, USAEF and EnerGeo Alliance aim to create new pathways for investment, knowledge exchange and industry growth on both sides of the Atlantic.

    “Partnering with EnerGeo Alliance allows USAEF to bridge U.S. technology and expertise with African energy ambitions in a meaningful way. We’re not only expanding access to strategic geoscience players, but also enhancing opportunities for investment, sponsorship and long-term collaboration in Africa’s gas and energy value chains,” said James Chester, CEO of Energy Capital & Power.

    For tickets, sponsorship opportunities and more information, please contact sales@energycapitalpower.com. Join us in Houston this August to connect with the leaders shaping Africa’s energy landscape and experience the momentum that drives ECP’s events worldwide.

    Distributed by APO Group on behalf of Energy Capital & Power.

    MIL OSI Africa –

  • MIL-OSI Africa: Azule Energy Chief Executive Officer (CEO) to Discuss Angolan Projects, Future Investments at Angola Oil & Gas (AOG) 2025

    Adriano Mongini, CEO of international energy company Azule Energy, will speak at this year’s Angola Oil & Gas (AOG) conference. Taking place on September 3-4 in Luanda, the event is the premier event for the country’s oil and gas industry, convening leaders, operators and financiers under one roof. At the helm of various impactful projects in Angola, Azule Energy is well-positioned to lead dialogue on Angola’s oil and gas industry – which continues to serve as a catalyst for development as the country celebrates 50 years of independence in 2025.  

    As the country’s largest independent equity producer of oil and gas, Azule Energy has set a bold target to reach 250,000 barrels per day (bpd). To achieve this, the company is advancing offshore oil projects while spearheading the country’s first non-associated gas development. Through innovative FPSO technologies, expanded production facilities and partnerships with international operators, the company is setting a strong benchmark for sustainable oil and gas production. At AOG 2025, Mongini is expected to outline ongoing projects.  

    AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com. 

    Azule Energy is preparing to start operations at two major oil and gas projects. The first project, featuring the development of the Agogo FPSO, aims to increase production capacity at the Agogo Integrated West Hub Development. Situated in Block 15/06, the project comprises the operational Ngoma FPSO, with the addition of the Agogo vessel expected to increase capacity by 120,000 bpd. The project is developed in partnership with Angola’s national oil company Sonangol E&P and Chinese firm Sinopec. As of May 2025, the Agogo FPSO arrived in Angolan waters, planning a H2, 2025 start.  

    In addition to the Agogo project, Azule Energy – as operator of the New Gas Consortium (NGC) – is developing the country’s first non-associated gas project. The project will harness gas resources from the Quiluma & Maboqueiro (Q&M) shallow water fields and features the construction of an onshore facility and a connection to the Angola LNG plant in Soyo. In February 2025, Azule Energy – alongside its NGC partners Cabinda Gulf Oil Company, Sonangol P&P and TotalEnergies – completed the offshore platforms for the project. Production is set to start in early-2026.  

    With 18 licenses – 11 of which are operated – and a combined production portfolio of 210,000 bpd, Azule Energy plays an instrumental part in monetizing Angola’s oil and gas resources. As the company expands its production portfolio, Azule Energy will continue to unlock value from the hydrocarbon market. Through his participation at AOG 2025, Mongini will offer insight into the company’s strategy in Angola, including non-associated gas opportunities, strategies for boosting production and future prospects.   

    Distributed by APO Group on behalf of Energy Capital & Power.

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Nuclear safety, security and safeguards in Ukraine: UK national statement to the IAEA Board, June 2025

    Source: United Kingdom – Executive Government & Departments 3

    Speech

    Nuclear safety, security and safeguards in Ukraine: UK national statement to the IAEA Board, June 2025

    UK Ambassador to the IAEA Corinne Kitsell’s statement to the International Atomic Energy Agency Board of Governors meeting on Ukraine

    Chair,

    The United Kingdom reiterates our support for the IAEA’s work to support nuclear safety, security and safeguards in Ukraine.

    We remain concerned that the IAEA was forced to conduct the most recent ISAMZ rotation through Ukraine’s temporarily occupied territory via the Russian Federation. The DG’s report explains the challenges the Agency has faced in obtaining security guarantees and ensuring the safety of the ISAMZ teams during rotations. The safety of Agency personnel must not be compromised.

    We welcome the DG’s continued commitment to this Board that the Agency will comply with UN General Assembly resolution 11/4 adopted on 12 October 2022 and all relevant resolutions from the IAEA policy making organs. All rotations must be conducted using routes agreed with the Government of Ukraine and with full respect of its sovereignty and territorial integrity.

    Chair,

    The Agency’s assessment of the overall safety situation at Ukraine’s Zaporizhzhia Nuclear Power Plant is that it remains “precarious”.

    For more than a month, ZNPP has been relying on a single external power line due to military activity near the site – a drastic reduction from the ten lines available before the conflict. This Board is now, sadly, accustomed to hearing about the vulnerability of the off-site power supply to ZNPP – such disruption increases the risk of a nuclear accident. There can be no room for complacency.

    The DG’s report highlights multiple other safety concerns at ZNPP: signs of potential degradation of equipment (paragraph 35), persistent “near daily” military activity around the plant, and obstruction, including by Russian troops, of access, which limits the IAEA’s ability to independently carry out its vital mission.

    We agree with the Agency’s assessment that in the current circumstances no reactor should be restarted. Any proposal to do so would be irresponsible and pose unacceptable risks to nuclear safety.

    Chair,

    Russia’s systematic strikes on Ukraine’s energy system, reports of drones, air raids and anti-aircraft fire continue to highlight the fragility of the situation in Ukraine. As a result of Russia’s irresponsible behaviour, all three of Ukraine’s operating nuclear power plants have been forced to reduce power supply and operate on “significantly degraded off-site energy backup systems” which, as the DG notes, “increases the likelihood of the total collapse of the electrical grid.”

    In addition, damage caused when a drone struck the Chornobyl New Safe Confinement in February has compromised its intended confinement function and its planned lifetime.

    Chair,

    Financial support from the international community, including the UK, has provided Ukraine with vital safety and security equipment and enabled the IAEA to maintain a continuous presence – 196 missions so far – across Ukraine’s five nuclear sites. This provides the international community with the only source of regular, independent reporting on the nuclear safety and security situation in Ukraine.

    Nuclear safety and security in Ukraine remains at risk for as long as Russia continues its aggression. A lasting peace – one that fully respects Ukraine’s sovereignty, including over its nuclear facilities within its internationally recognised borders – is the only path forward.

    Thank you, Chair.

    Updates to this page

    Published 12 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Number of drug abusers drops

    Source: Hong Kong Information Services

    The total number of reported drug abusers in the first quarter of 2025 was 1,644, lower than the figure of 1,738 for the same period in 2024, the Action Committee Against Narcotics announced today.

    According to data from the Central Registry of Drug Abuse, the number of reported drug abusers aged under 21 in the first quarter of 2025 was 285, with 128 of them having abused “space oil”.

    “Space oil” has replaced cannabis to become the most common type of drug abused by young drug abusers, followed by cannabis and cocaine. 

    The Government has listed the drug’s main ingredients – etomidate and its three analogues metomidate, propoxate and isopropoxate – as dangerous drugs, as regulated under the Dangerous Drugs Ordinance (DDO).

    The Government also plans to list the remaining etomidate analogues as dangerous drugs, and consulted the Legislative Council Security Panel on the matter earlier this month.

    Action Committee Against Narcotics Chairman Donald Li said the committee fully supports the Government’s proposal.

    “Apart from the legislation, the committee will continue to carry out relevant publicity and education work,” he said.

    On the enforcement front, the total number of people arrested for drug offences in the first quarter of 2025 was 940. Of these, 140 are youngsters aged under 21.

    “Space oil”, cannabis and cocaine were the main drugs involved in these arrests. In court cases concluded in the same period, the conviction rate of those prosecuted for drug offences was as high as 86%.

    With the summer holidays approaching, the Security Bureau reminded youngsters not to participate in drug trafficking out of greed or by way of gambling on their luck.

    Youth is not a valid mitigating factor for drug offences, and pleas of ignorance are no way to avoid legal liability, the bureau added.

    MIL OSI Asia Pacific News –

  • MIL-OSI China: China-Africa expo opens with focus on economic ties, new deals

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

    A file photo taken on May 9, 2024 shows a view of the China-Africa Economic and Trade Expo (CAETE) in Africa (Kenya) 2024 in Nairobi, Kenya. [Photo/Xinhua]

    The fourth China-Africa Economic and Trade Expo opened on Thursday in the central Chinese city of Changsha, highlighting the commitment of the world’s largest developing country to strengthening ties with Africa, the continent with the largest number of developing nations.

    Nearly 4,700 Chinese and African companies as well as over 30,000 participants will attend the four-day event, themed “China and Africa: Together Toward Modernization.” The value of cooperation projects preliminarily agreed upon surpasses 11 billion U.S. dollars, according to organizers.

    Chinese Foreign Minister Wang Yi attended the opening ceremony on Thursday, expressing the belief that the expo will create more opportunities for China-Africa cooperation and yield more results.

    “No matter how the international landscape may change, China will always stand firmly with Africa, offering strong support for the continent’s modernization and serving as a true friend and sincere brother in Africa’s journey toward development,” said Wang, who is also a member of the Political Bureau of the Communist Party of China Central Committee.

    Ugandan Prime Minister Robinah Nabbanja, Liberian Vice President Jeremiah Kpan Koung and Kenyan Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs Musalia Mudavadi also attended the opening ceremony.

    Achieving modernization is a shared aspiration of the more than 2.8 billion people in China and Africa, and a key theme of a China-Africa community of a shared future, Wang said.

    He said China will continue to carry out exchanges of governance experience with African countries and strengthen the synergy of development strategies between the two sides to fast-track the implementation of the ten partnership actions for modernization.

    Wang pledged China’s efforts to further open up to Africa by signing more deals of economic partnerships and encouraging the import of more African goods.

    China will also deepen practical cooperation to facilitate Africa’s industrialization and digital transformation, Wang added.

    MIL OSI China News –

  • MIL-OSI Asia-Pac: Drug abuse and drug situation in Hong Kong in first quarter of 2025

    Source: Hong Kong Government special administrative region

    ​The Action Committee Against Narcotics (ACAN) noted at its meeting today (June 12) the figures of the Central Registry of Drug Abuse (CRDA) and other drug-related figures for the first quarter of 2025. ACAN noticed that the total number of reported drug abusers in the first quarter of 2025 was lower than that of 2024. However, the figures tend to show greater volatilities in the first quarter of each year. The ACAN will closely monitor the situation in the remaining quarters of 2025, and will at the same time continue to carry out its anti-drug work.
     
    Figures from the CRDA revealed that the total number of reported drug abusers in the first quarter of 2025 was 1 644 while that of the same period in 2024 was 1 738. The most common type of drug abused in the first quarter of 2025 was heroin, followed by cocaine and cannabis.
     
    The number of reported young drug abusers aged under 21 in the first quarter of 2025 was 285, of which 128 abused the “space oil drug”. The “Space oil drug”, followed by cannabis and cocaine, has replaced cannabis to become the most common type of drug abused among reported young drug abusers.
     
    Regarding the main active ingredients currently found in the “space oil drug”, the Government has listed etomidate and its three analogues (metomidate, propoxate and isopropoxate) as dangerous drugs, which are regulated under the Dangerous Drugs Ordinance (DDO) (Cap. 134). The Government plans to list the remaining etomidate analogues as dangerous drugs, and has consulted the Legislative Council Panel on Security earlier this month.
     
    The Chairman of ACAN, Dr Donald Li, said, “When facing the ‘space oil drug’, the Government should not lower its guard. ACAN fully supports the Government’s proposal to list all etomidate analogues as dangerous drugs under the DDO, with a view to nipping this drug abuse problem in the bud. Apart from the legislation, ACAN will continue to carry out relevant publicity and education work.”
     
    On the enforcement front, according to the figures from the law enforcement agencies, the total number of persons arrested for drug offences in the first quarter of 2025 was 940. Among them, 140 of them are youngsters aged under 21. The “space oil drug”, cannabis and cocaine were the main drugs involved in these arrests in the first quarter. According to the court cases concluded for the same period, the conviction rate of persons being prosecuted for drug offences was as high as 86 per cent. As for young offenders aged under 21 who were sentenced to imprisonment for drug trafficking, more than half of them were sentenced to over five years in prison, and the longest imprisonment was 20 years.
     
    A spokesman for the Security Bureau (SB) said, “As the summer holidays approach, we remind youngsters not to  participate in drug trafficking out of greed or gambling on luck, including giving out their addresses for receiving ‘drug parcels’ and joining free trips to transport dangerous drugs across borders as ‘drug mules’. Young age is not a valid mitigating factor for drug offences. A plea of ignorance is not an excuse to avoid legal liability. Young drug offenders will also be sentenced to lengthy imprisonment.”
     
    Moreover, the spokesman reminded youngsters that they need to stay vigilant at all times when travelling outside Hong Kong, with a view to avoiding drug traps when trying something new. Foods and drinks, or even health supplements, skincare products (such as facial masks, massage oil), etc, may contain dangerous drugs. Products that are marked with the words “CBD”, “THC”, “cannabis”, “cannabinoids”, “ganja”, “hemp extracts” or “marijuana”, or with a picture of a cannabis leaf, may contain substances that are illegal in Hong Kong or prohibited for transit at the airport. Members of the public are reminded to pay close attention to product labels during online or in-store shopping. If in doubt, members of the public should not risk purchasing, consuming or bringing these products back to Hong Kong to not to breach the law inadvertently. Information and a video about examples of CBD products have been uploaded onto the Narcotics Division’s (ND) dedicated webpage about CBD (www.nd.gov.hk/en/CBD.html) for the public’s reference.
     
    The ACAN also noted the findings of the 2023/24 Survey of Drug Use among Students (Survey). The Survey is a triennial research project conducted by a research institute commissioned by the ND of the SB, with the aim of obtaining the latest drug taking trends in students and knowing more about students’ knowledge of drugs as well as their attitudes towards drug taking. Such information assists the Government in formulating anti-drug initiatives that would respond better to the actual situation. The Survey successfully surveyed 99 600 students from upper primary to post-secondary levels, accounting for about 15 per cent of the student population in Hong Kong.
     
    The Survey results indicated that the proportion of students who claimed to have taken dangerous drugs rose to 2.7 per cent from 2.5 per cent in the previous survey (i.e. the one conducted in 2020/21). Psychotropic substances are the most common types of drugs abused by these students. These findings are in line with the statistics recorded by the CRDA.
     
    The CRDA figures for the first quarter of 2025 are available on the ND’s website (www.nd.gov.hk/en/index.html).
     
    The ND’s website, as well as its official accounts (narcotics.divisionhk) on Facebook and Instagram, also contain detailed information about dangerous drugs including the “space oil drug” for reference by the public.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Speech by FS at Reception in Celebration of 127th Anniversary of Proclamation of Philippine Independence (English only)

    Source: Hong Kong Government special administrative region

    Speech by FS at Reception in Celebration of 127th Anniversary of Proclamation of Philippine Independence (English only) 
         Good evening. It is a great pleasure to join you tonight in celebrating the 127th anniversary of the Republic of the Philippines’ proclamation of independence.  
     
         Let me take this opportunity to extend a formal and warm welcome to Consul General Israel, who assumed his new post in Hong Kong this April. With your extensive diplomatic career in the Philippines and abroad, I am confident that your experience and insight will further help strengthen the close ties between Hong Kong and the Philippines.  
         Tourism is a shining example. Last year, we welcomed nearly 1.2 million visitors from the Philippines, a remarkable increase of over 55 per cent compared to 2023. This positive momentum has continued, with over 550 000 Filipino visitors arriving in the first five months of this year, representing a 27 per cent year-on-year growth.   
     
         Our trade relationship remains robust. Hong Kong plays a vital role as a gateway for China’s exports to the Philippines. Hong Kong is the Philippines’ fifth largest trading partner. Last year, our value of merchandise trade grew to HK$108 billion. Hong Kong handled around 13 per cent of the total merchandise trade between China and the Philippines.
     
         Besides, I am pleased to note that we have started negotiations on a Comprehensive Avoidance of Double Taxation Agreement. I trust such an agreement will further simulate our bilateral trade and investments. 
     
         All these encouraging developments point to a future of even closer business ties and new opportunities for collaboration. 
     
         The Philippines stands out as one of the fastest-growing economies in ASEAN (Association of Southeast Asian Nations). I am pleased to learn that your Government is making proactive efforts to implement pro-business reforms to simplify company formation process, lower entry barriers and attract foreign businesses. These measures will facilitate trade and investments with your economic and trade partners. Meanwhile, more infrastructure flagship projects will bolster the economy, improve connectivity and make your country more attractive to businesses from abroad. 
     
         In an era marked by rising protectionism and increasing geopolitical uncertainty, globalisation is facing backlashes. Countries are seeking to diversify their export markets and development drivers. In this context, enhancing intra-regional trade and collaboration will be key to achieving sustainable growth. In this connection, we greatly appreciate the Philippines’ continued support for our accession to the Regional Comprehensive Economic Partnership (RCEP).
     
         Under the “one country, two systems” arrangement, Hong Kong is a “super connector” and “super value-adder” between the Chinese Mainland and the rest of the world. We steadfastly uphold our free port status, with the free movement of goods, capital, information and talent. Our world-class transport and logistics infrastructure provides a perfect springboard for your country’s products and services to reach the Mainland, across North Asia, and beyond.
     
         Now, given the policy uncertainties in the US and shifting global investment landscape, Hong Kong has emerged as a safe harbour for international capital. This is reflected by capital inflows and investors’ optimism. Our stock market has performed exceptionally well, rising by 20 per cent so far this year, on top of the 18 per cent increase last year. It is one of the top-performing markets globally.
     
         With deep liquidity and a comprehensive suite of funding options, Hong Kong offers an ideal platform for Filipino enterprises to raise funds to support their business development. They can consider listing on our Stock Exchange, or connecting with angel investors, venture capital and private equity for collaboration. 
     
         For sure, Hong Kong has more to offer. You will find Hong Kong an ideal location to raise funds for quality infrastructure and green transition projects. Beyond traditional means, such as bond issuance, there are innovative financing models such as infrastructure loan securitisation, or catastrophe bonds, which are designed to share natural disaster risks with investors. Hong Kong has already issued seven catastrophe bonds, covering events from earthquakes to storms across Asia and the Americas. 
     
         In short, the potential for deeper co-operation between our two economies is vast and far-reaching.
     
         Before I conclude, I would like to express my heartfelt appreciation to the more than 220 000 Filipino nationals in Hong Kong. They are an integral part of our community and have made invaluable contributions to the economic and social fabric of this city.  
     
         On behalf of the Hong Kong SAR Government, I extend my warmest congratulations to the people of the Philippines on your Independence Day. May the friendship between Hong Kong and the Philippines continue to flourish and prosper for years to come.  
     
         I wish you all a most enjoyable evening. Thank you very much.
    Issued at HKT 19:30

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI: LIS Technologies Inc. Appoints Former Deputy Administrator of the National Nuclear Security Administration Brent Park Ph.D., as its Executive Director of Nuclear Security and Safeguards Policy

    Source: GlobeNewswire (MIL-OSI)

    Oak Ridge, Tennessee, June 12, 2025 (GLOBE NEWSWIRE) — LIS Technologies Inc. (“LIST” or “the Company”), a proprietary developer of advanced laser technology and the only USA-origin and patented laser uranium enrichment company, today announced that it has appointed Brent Park, Ph.D., as its Executive Director of Nuclear Security and Safeguards Policy.

    “LIST’s technology arrives at a pivotal moment, as the United States accelerates efforts to build a secure, domestic nuclear‑fuel supply chain,” said Brent Park, Ph.D., Executive Director of Nuclear Security and Safeguards Policy of LIS Technologies Inc. “This proprietary technology can be a key step toward reducing reliance on foreign sources of enriched uranium and strengthening our national energy independence. I’m honored to join the Company and look forward to advising the leadership team as they advance the CRISLA technology from revival to commercialization.”

    Brent is a nuclear physicist and a former government official with demonstrated leadership experience at Los Alamos National Laboratory (LANL), Nevada Test Site (NTS), and Oak Ridge National Laboratory (ORNL). Between 2018 and 2021, with Senate confirmation just 6 weeks after being nominated by President Donald J. Trump, Brent served as Deputy Administrator at the National Nuclear Security Administration (NNSA). He led Defense Nuclear Nonproliferation programs to support the nation’s efforts in nonproliferation treaties and international arms control, international nuclear security, safeguards, and export control policies. Prior to joining NNSA, Brent was Associate Laboratory Director at ORNL, leading the science-to-application efforts for national security programs. Research topics are wide-ranging, with particular focus on materials science and engineering, cybersecurity, high-performance computing and big data analytics, artificial intelligence, and nuclear science and engineering.

    Figure 1 – LIS Technologies Inc. Appoints Brent Park, Ph.D., as its Executive Director of Nuclear Security and Safeguards Policy.

    Previously, Brent was the director of NNSA’s Remote Sensing Laboratory, where he led efforts to advance and field cutting-edge diagnostics and communications instruments in support of counterterrorism and radiological incident response for the nation. As the NNSA’s non-proliferation chief, he led efforts and engagements to prevent nuclear weapons proliferation and to reduce the threat of nuclear and radiological terrorism around the world. Earlier, Brent managed and contributed to basic and applied research programs at LANL in the areas of physics and engineering, modeling and analysis, and nuclear weapons physics and engineering in support of stockpile stewardship, as well as nuclear emergency response and nuclear facility operations. Brent earned a bachelor’s degree in physics and mathematics at Illinois State University and a master’s degree in physics with an emphasis on remote sensing at Indiana State University. Later he shifted the direction of his research to nuclear physics and earned a master’s degree at Indiana University. Brent performed a thesis experiment using the spallation neutron source at LANL and earned a PhD in physics at Ohio University. He held a prestigious Physics Division postdoctoral fellowship at LANL before becoming a technical staff member.

    “Brent steps into this role with real enthusiasm, and we’re honored to welcome him to our team,” said Jay Yu, Executive Chairman and President of LIS Technologies Inc. “A distinguished leader, public official, and scientist, he brings a depth of experience that will benefit the Company both now and well into the future. During his tenure at the NNSA, Brent worked with some of the most advanced nuclear technologies in the industry. Now, his decision to join LIST reflects the promise of our patented, proprietary and U.S.-based CRISLA technology and the dedication that has shaped our company’s growth.”

    “Brent’s depth of experience and extensive network are a testament to his distinguished career, and it is a pleasure to welcome him to LIS Technologies,” said Christo Liebenberg, CEO and Co-Founder of LIS Technologies Inc. “His technical expertise, combined with his longstanding relationships across key institutions, will be instrumental as we navigate complex licensing, regulatory and non-proliferation pathways and advance our CRISLA technology through testing, demonstration activities and eventually to commercialization.”

    About LIS Technologies Inc.

    LIS Technologies Inc. (LIST) is a USA based, proprietary developer of a patented advanced laser technology, making use of infrared lasers to selectively excite the molecules of desired isotopes to separate them from other isotopes. The Laser Isotope Separation Technology (L.I.S.T) has a huge range of applications, including being the only USA-origin (and patented) laser uranium enrichment company, and several major advantages over traditional methods such as gas diffusion, centrifuges, and prior art laser enrichment. The LIST proprietary laser-based process is more energy-efficient and has the potential to be deployed with highly competitive capital and operational costs. L.I.S.T is optimized for LEU (Low Enriched Uranium) for existing civilian nuclear power plants, High-Assay LEU (HALEU) for the next generation of Small Modular Reactors (SMR) and Microreactors, the production of stable isotopes for medical and scientific research, and applications in quantum computing manufacturing for semiconductor technologies. The Company employs a world class nuclear technical team working alongside leading nuclear entrepreneurs and industry professionals, possessing strong relationships with government and private nuclear industries.

    In Dec 2024, LIS Technologies Inc. was selected as one of six domestic companies to participate in the Low-Enriched Uranium (LEU) Enrichment Acquisition Program. This initiative allocates up to $3.4 billion overall, with contracts lasting for up to 10 years. Each awardee is slated to receive a minimum contract of $2 million.

    For more information please visit: LaserIsTech.com

    For further information, please contact:
    Email: info@laseristech.com
    Telephone: 800-388-5492
    Follow us on X Platform
    Follow us on LinkedIn

    Forward Looking Statements

    This news release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. These forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve known and unknown risks, uncertainties and other factors, which may be beyond our control. For LIS Technologies Inc., particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following which are, and will be, exacerbated by any worsening of global business and economic environment: (i) risks related to the development of new or advanced technology, including difficulties with design and testing, cost overruns, development of competitive technology, loss of key individuals and uncertainty of success of patent filing, (ii) our ability to obtain contracts and funding to be able to continue operations and (iii) risks related to uncertainty regarding our ability to commercially deploy a competitive laser enrichment technology, (iv) risks related to the impact of government regulation and policies including by the DOE and the U.S. Nuclear Regulatory Commission; and other risks and uncertainties discussed in this and our other filings with the SEC. Only after successful completion of our Phase 2 Pilot Plant demonstration will LIS Technologies be able to make realistic economic predictions for a Commercial Facility. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    The MIL Network –

  • PM Modi, world leaders react after Air India plane with 242 on board crashes in Ahmedabad

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi has expressed deep shock over the Air India plane crash in Ahmedabad, describing the incident as “heartbreaking beyond words.”

    “The tragedy in Ahmedabad has stunned and saddened us. It is heartbreaking beyond words. In this sad hour, my thoughts are with everyone affected by it. I have been in touch with ministers and authorities who are working to assist those affected,” PM Modi said in a post on X on Thursday.

    An Air India plane headed to London with 242 people on board crashed minutes after taking off from Sardar Vallabhbhai Patel International Airport in Ahmedabad on Thursday, airline and police officials said.

    The Directorate General of Civil Aviation (DGCA) confirmed that the Boeing 787-8 aircraft, registered as VT-ANB, was operating Flight AI-171 to Gatwick Airport when it went down shortly after departure. The aircraft was carrying 2 pilots, 10 cabin crew members, and 230 passengers.

    Finance Minister Nirmala Sitharaman also expressed her heartfelt condolences following the crash of an Air India aircraft near Ahmedabad Airport, which was carrying 242 people, including crew members.

    “Distressed on hearing about the flight crash in Ahmedabad. My prayers are with all families and friends of those on board the flight,” said Sitharaman.

    Commerce and Industry Minister Piyush Goyal said he was “deeply pained to learn about the plane crash in Ahmedabad.”

    “I convey my deepest condolences to the families of those who have lost their loved ones. We stand firmly with those grieving and pray for the quick recovery of the injured. Om Shanti,” he posted.

    Offering his condolences, UK Prime Minister Keir Starmer said his thoughts were with the passengers and their families.

    “The scenes emerging of a London-bound plane carrying many British nationals crashing in the Indian city of Ahmedabad are devastating,” Starmer wrote on X.
    “I am being kept updated as the situation develops, and my thoughts are with the passengers and their families at this deeply distressing time,” he added.

    British Foreign Minister David Lammy said he was deeply saddened by the news and that the UK was working with Indian authorities.

    “Deeply saddened by news of a devastating plane crash in Ahmedabad, India,” Lammy said on X. “My thoughts are with all those affected. The UK is working with local authorities in India to urgently establish the facts and provide support.”

    Speaking later in the British Parliament, Lammy said the UK had activated a crisis team in both India’s capital, New Delhi, and in London.

    Ukrainian President Volodymyr Zelenskyy also extended his condolences.
    “Horrible news of a passenger plane crash in India. My deepest condolences to Prime Minister @narendramodi and the entire people of India on this tragic day. Our thoughts are with all victims’ relatives and close ones in India, the UK, Portugal, and Canada. We share your shock and grief. We pray for as many lives to be saved as possible and wish a speedy recovery to the injured,” he said in a post on X.

    The Airports Authority of India (AAI) said an operational control room had been activated “to oversee and coordinate all necessary response measures.”

    It also shared emergency contact numbers for assistance and information: the Delhi control room can be reached at 011-24610843 and 9650391859, while the Ahmedabad control room can be contacted at 9978405304 and 079-23251900.

  • MIL-OSI United Kingdom: Chancellor invests in Britain’s renewal with up to 4 million additional NHS tests and procedures over the next five years

    Source: United Kingdom – Executive Government & Departments

    Press release

    Chancellor invests in Britain’s renewal with up to 4 million additional NHS tests and procedures over the next five years

    Families across the country will benefit from this investment in the NHS, delivering up to 4 million additional NHS tests and procedures over the next five years.

    • The £6 billion investment will deliver new scanners, more community diagnostic centre capacity, ambulances, and Urgent Treatment Centres to support emergency care teams, with increased capacity in community care to reduce pressure on hospitals and provide more convenient care for patients.
    • The additional £6 billion of funding will help deliver the Plan for Change promise that 92% of patients start consultant-led treatment within 18 weeks and is part of the largest ever investment in the Department of Health and Social Care’s capital budgets.

    Up to 4 million additional tests, scans and procedures will be delivered across the UK as the Chancellor confirms £6 billion of investment over the next five years in Britain’s health to make working people better off.

    It comes after the Chancellor’s Spending Review where she pledged to invest in Britain’s renewal, with the biggest ever investment in the Department of Health and Social Care, where she told the commons “there’s no strong economy without a strong NHS”.

    Today (11 June), the Chancellor is confirming this investment in the NHS which will deliver new scanners, more community diagnostic centres – on top of the 170 already delivered across the country – ambulances and Urgent Treatment Centres to support emergency care teams, with increased capacity in community care to reduce pressure on hospitals. 

    The funding injection will give patients better access to vital diagnostic scans and treatment in more convenient locations, including shopping centres and local high streets, providing faster diagnoses and improved outcomes.

    This will help cut hospital waiting lists and deliver the Government’s Plan for Change commitment that 92% of patients should start consultant-led treatment within 18 weeks of referral and follows record investment of £232 billion in the NHS announced at the Spending Review.

    Chancellor of the Exchequer, Rachel Reeves said:

    Over a decade of underinvestment from the previous government put the NHS on its knees, with people across the country unable to get the care they need. We are investing in Britain’s renewal, and we will turn that around.

    Part of our record investment will deliver 4 million tests, scans and procedures, so hard working people can get the health care they and their families need. There is no strong economy without a strong NHS, and we’ll deliver on our Plan for Change to end the hospital backlog, improve living standards and get more money in people’s pockets.

    £30 billion will also be invested over the next five years in day-to-day maintenance and repair of the NHS estate, with over £5 billion specifically allocated to address the most critical building repairs, reducing the most serious and critical infrastructure risk in a targeted way. This will begin to address the recommendations of the Darzi review and will turn the tide on the trends of the past 15 years.  

    Record investment must go hand-in-hand with reform across the health service, to deliver 2% productivity growth each year and unlock £17 billion of savings over the next three years to be reinvested back into the Health Service and support a radical transformation of the Service to be set out in the 10 Year Health Plan.

    Wes Streeting, Secretary of State for Health and Social Care, said:

    Since taking office we have been relentless in our drive to cut waiting times for patients, delivering over 3.6 million extra elective care appointments and reducing the overall waiting list by over 200,000.

    The £6 billion investment we are announcing today will generate millions more vital diagnostic tests, scans and procedures for patients across the country.

    Through our Plan for Change we are delivering the investment and reform needed to put the NHS on the road to recovery.

    The government is already putting the latest technology in the hands of patients and staff with a national expansion of the NHS App and a recent £70 million investment in new radiography machines to give cancer patients faster and better treatment.

    Reforms to general practice will also slash red tape and bring back the family doctor, allowing GPs to spend more time treating patients.

    This settlement also supports the shift from treatment to prevention, improving the health of the nation and reducing demand on the Health Service.

    The government will also deliver its manifesto commitment of recruiting an additional 8,500 mental health staff by the end of the Parliament and expanding mental health support teams in schools to 100% of schools in England by 2029-30. An extra £4 billion a year will be made available for adult social care by 2028-29, supporting the sector to improve adult social care and deliver a Fair Pay Agreement.

    Today’s announcement is the latest milestone in the governments mission to reform the NHS through the Plan for Change, having already delivered over 3.6 million extra elective care appointments, recruited an additional 1,500 GPs, financed the upgrade of over 1,000 GP surgeries and allocated over £750 million for vital maintenance repairs at hospitals across the country.

    Updates to this page

    Published 12 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI Africa: Eastern Cape search and recovery operations continue

    Source: South Africa News Agency

    Search and recovery efforts are ongoing across the Eastern Cape, following the recent inclement weather.

    Torrential rains over the past few days have caused devastating landslides and flooding, leaving hundreds of families displaced. The adverse weather has also caused extensive damage to critical infrastructure.

    Updating the media on Wednesday, Eastern Cape Premier Lubabalo Oscar Mabuyane, said that he has ordered the suspension of all other provincial programmes in the province, to enable Members of the Executive Council (MECs), including himself, to be on the ground and offer support to the affected communities.

    This after assessing the extent of widespread devastation, following the rains and strong winds that hit the province’s OR Tambo District Municipality enduring most of the severe weather.

    “Each of the MECs are looking at the service delivery needs of this and other affected communities across the province as mop-up operations begin in earnest. Together with the leadership of the OR Tambo District and King Sabata Dalindyebo Local Municipality, the provincial government is on the ground assessing the damage, to support relief operations, and engage directly with affected families and communities,” Mabuyane said.

    The Premier extended his deepest condolences to the families of the 49 people who passed away in OR Tambo District alone. Among the deceased are children whose scholar transport was swept away by floodwaters. 

    “The number of people confirmed to have been in the minibus taxi…. sadly, four learners have been confirmed to be deceased, together with the driver and a conductor of the minibus taxi. The rest of the deceased people are citizens of different ages. Four learners are still missing,” the Premier said.

    The heavy rains in the Amathole District have also displaced hundreds of residents from informal settlements, with many relocated to temporary shelters. The severe weather also caused power outages across several areas in the district.

    Mabuyane said a coordinated, multi-disciplinary emergency and rescue services team has been deployed across the province and remains actively involved in recovery, evacuation, and support efforts across the affected areas.

    The continuous provision of shelter, food, psychosocial support services, blankets, and other essentials to displaced families, through partnerships with the South African Social Service Agency (SASSA), the Department of Social Development, and local municipalities are some of the interventions that have been put in place by the provincial government.

    “Through the Intergovernmental Committee on Disaster Management (ICDM), technical experts are addressing damage to water infrastructure. When necessary, water tankers will be dispatched to ensure access to clean drinking water,” the Premier said.

    Search and rescue operations for the scholars is being led by the South African Police Service (SAPS) while the Department of Education is intervening to bring in the necessary support to the affected families during this tragic time.

    Restoration of electricity, reopening of roads

    Mabuyane also noted progress being made in reopening major roads affected by snowfall, and the continuous restoration of electricity following outages caused by gale-force winds and heavy snow.

    “Over the past 48 hours, at least 136 000 customers have since been brought back online, down from 300 000 that were without electricity. Eskom teams have resumed to continue with restoration to outstanding customers,” Mabuyane said.

    The Premier commended the South African Weather Service (SAWS) for their forecasts confirming that the inclement weather is coming to an end, as the cut-off low system responsible for the recent conditions moves out to sea.

    He also expressed gratitude to the provincial disaster management teams, including SAPS K-9 divers, the SAPS Search and Rescue Airwing, as well as residents for their swift response.

    The Premier further urged those that are yet received assistance to remain calm and patient, and that relief efforts will move faster with the easing of the inclement weather.

    “Infrastructure technical teams have been activated to carry out assessment to ascertain the extent of the damage as well as interventions that are required across the province. At this stage 20 health facilities have suffered damages to varying levels.

    “In terms of road infrastructure, engineers are on the ground assessing the impact and extent of the damage on our road network including rural roads. The R58 Khowa to Barkey through the Barkely is now open,” Mabuyane said.

    He advised motorists to exercise caution due to slippery conditions. He further called on citizens, and organisations to support the communities, as they continue to deal with this tragedy.

    “Condolences once again to the families who lost their loved ones,” he said.

    The Premier’s update on Wednesday came ahead of the visit of Cooperative Governance and Traditional Affairs (CoGTA) Minister Velenkosini Hlabisa’s visit to the province on Thursday.

    READ | Minister Hlabisa visits flood-affected Eastern Cape

    –SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Strengthening the Economic and Environmental Dimension: UK Statement to the OSCE

    Source: United Kingdom – Executive Government & Departments

    Speech

    Strengthening the Economic and Environmental Dimension: UK Statement to the OSCE

    Ambassador Neil Holland stresses the importance of the Economic and Environmental Dimension of the OSCE as part of its comprehensive approach to security.

    Thank you, Mr Chair.  

    The Second Dimension is vital to the OSCE’s comprehensive security approach. It addresses some of the most pressing challenges to our shared security and prosperity, including climate change, biodiversity loss, serious and organised crime, illicit finance, and the growing issue of irregular migration. This is particularly important given the devastating economic and environmental impact of Russia’s war of aggression on Ukraine.  

    The OSCE is uniquely positioned to assist participating States in tackling these complex issues. To do so we need to fully leverage the tools at our disposal — especially those that support good governance by promoting transparency, combatting illicit finance, and reducing corruption. Our Foreign Secretary’s campaign on illicit finance is a key example of the UK’s efforts to combat corruption and strengthen national security. 

    The UK values the OSCE’s role in addressing security-related environmental concerns, such as water management, energy security, and the impacts of climate change. We are proud to support the OSCE project on strengthening responses to security risks from climate change in Central Asia. We acknowledge the particular vulnerabilities of Central Asian states to climate change and its consequences. To address these challenges, we are funding a regional programme to enhance resilience through regional water and energy cooperation for low-carbon, climate-resilient growth.  

    As Chair of the Security Committee, the UK is prioritising key areas that intersect with the Second Dimension – particularly the financial underpinnings of organised crime which we will deal with in July’s meeting. These crimes cause both direct and indirect harm to our citizens, eroding social cohesion, undermining democratic norms, exacerbating climate change, and impeding economic development. They contribute to instability and conflict and also disproportionately affect women and girls, which is one of the many reasons why the UK supports the OSCE’s emphasis on Women’s economic empowerment.  

    April’s Security Committee meeting focused on the security threats associated with irregular migration, recommending that the OSCE work together with other international organisations, including through field presences, to support States in countering the smuggling of migrants and other challenges. It is clear that the OSCE can and should be doing more on migrant smuggling. We will follow up on this in September when we mark the 20-year anniversary of the Border Security and Management Concept. Later this year, with our Slovenian colleagues, we will also host a joint session of the Security, and Environmental and Economic Committees on protecting critical infrastructure.  

    We will continue to support a strong and effective Second Dimension, including through the EEF cycle. As we approach the Helsinki discussions on organisational functionality a good place to start would be to fulfil the requirements set out by Ministers on holding mandated conferences according to the timetable laid out by them. 

    Thank you Mr Chair.

    Updates to this page

    Published 12 June 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Coombe Abbey MyTime Carer Breaks

    Source: City of Coventry

    Unpaid carers in Coventry are being offered free hotel stays and leisure experiences as part of a new scheme to provide a rare break from their demanding responsibilities.

    MyTime Coventry, a project run by the charity Local Solutions connecting carers and their families with complimentary leisure, cultural and educational activities, has now launched in the city – with Coombe Abbey Hotel and Coventry Rugby Club the first organisations to get involved.

    The project is funded by Coventry City Council, with money from the Department of Health and Social Care for the next two years as part of the Accelerated Reform Fund to trial innovation in Adult Social Care.

    Coventry resident Faye Mackey, 36, who started caring for her father Hugh Mackey last year, has become one of the first people to benefit from the scheme after staying at Coombe Abbey Hotel, which is offering an overnight stay with breakfast to carers on a monthly basis.

    Coventry Rugby Club has also provided free tickets to first-team matches at Butts Park Arena as part of the initiative.

    MyTime was set up in Liverpool by the charity Local Solutions and later was also rolled out in Wigan. Carers can apply for breaks online via mytime4carers.co.uk.

    A minimum of 27,500 people are estimated to have caring responsibilities in Coventry, according to Coventry City Council. Meanwhile, one in five carers nationally have not had a break in five years, according to Carers UK.

    Hugh, 68, suffered a major internal bleed last spring, which led him to being placed in an induced coma for four months. He then had an arm amputated after contracting sepsis, in addition to having an oesophageal tumour removed.

    Faye said she chose to become his carer to provide comfort and familiarity while he adapted to long term-disability.

    She said: “When you become a carer, you have to adapt your whole life including your relationships with the people closest to you, which can be really challenging – especially as you often have to make the decision overnight.

    “I wouldn’t have done it differently, but it gets to a point where you’d never actively seek a break for all sorts of reasons, so this initiative, in making it easier for carers to access some great experiences in the local area, is absolutely brilliant.

    “I spent my 21st birthday at Coombe Abbey – it’s a really special place and it was great to have the chance to visit again after what has been a really challenging year.”

    Michalina Kryska, MyTime coordinator for Coventry, hopes more city organisations and businesses will partner with the scheme, which is part of the council’s Carers Action Plan for 2024-26.

    She said: “One of the things carers tell us time and again is how much they need a break, yet finding time for themselves can be incredibly difficult.

    “MyTime gives carers the opportunity to prioritise their own wellbeing, take a step back, and enjoy some much-needed relaxation. It can be a real boost to mental health.

    “For many carers, simply organising an evening off can be complicated. That’s why our partnerships with Coombe Abbey Hotel and Coventry Rugby Club have been so important. They’ve made it possible to offer these experiences in a way that’s easy and accessible.

    “The response so far has been overwhelmingly positive. We’re excited about the possibility of expanding it even further to support more carers and their families.”

    Cllr Linda Bigham, Cabinet Member for Adult Services at Coventry City Council, added: “There are thousands of people who care for others in Coventry who don’t even realise they are carers.

    “It is vital that they have the right support to help them and that’s why this pilot project is so important. I’ve been a carer myself and every day see the compassion and commitment of so many people – of all ages – being there for someone else.

    “It is lovely to see the difference that carers getting a break can have, and I’m delighted that both Coombe Abbey Hotel and Coventry Rugby Club have signed up to the MyTime project.

    “I hope that more hospitality businesses and venues will be able to see the benefits it brings and consider being a part of the scheme.”

    Richard Harrison, Managing Director of No Ordinary Hospitality, which operates Coombe Abbey Hotel, commented: “It’s a real privilege to support the MyTime Carers initiative to give carers in the city a much-needed break, and we are looking forward to welcoming more people to the hotel over the coming months and years.”

    Jon Sharp, Executive Chairman of Coventry Rugby Club, said: “Coventry Rugby Club is proud to support the MyTime Carers initiative. As a club rooted in the heart of the community, we believe in using our platform to champion inclusion, wellbeing and opportunity for all.

    “Since 2013, it’s been my mission to ensure Cov plays a meaningful role beyond the pitch – and recognising the vital, often unseen work of unpaid carers is part of that.

    “They give so much to others, and we’re honoured to give something back and provide some respite and relaxation for such important members of our community.”

    Pictured left to right: Gabrielle Boro, Richard Harrison, Hazel Brown and Michalina Kryska, with Faye Mackey and Cllr Linda Bigham (seated) at Coombe Abbey Hotel

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Cholera vaccination campaign in Khartoum, Sudan to reach 2.6 million residents – health authorities

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

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

    KHARTOUM, June 12 (Xinhua) — A cholera vaccination campaign targeting 2.6 million residents was launched in Sudan’s capital Khartoum on Wednesday, Khartoum health authorities said.

    The 10-day campaign will be carried out in 12 administrative units in Omdurman, Um Badda, Karari, Jabal Awliya and East Nile towns, health authorities said in a statement.

    According to the statement, the country has recorded a decrease in the number of cholera cases, and “the mortality rate due to complications associated with this disease has reached zero.”

    Khartoum State Governor Ahmed Osman Hamza has commended health authorities for containing the cholera outbreak and improving recovery rates.

    He called for continued efforts to combat epidemics and maintain stability in the health sector, praising the support of international and government organizations, as well as the contribution of volunteers. –0–

    MIL OSI Russia News –

  • MIL-OSI New Zealand: Concerns about ongoing Cook Strait ferry issues

    Source: Maritime Union of New Zealand

    The Maritime Union of New Zealand says the Cook Strait ferry service is struggling, with the entire Interislander fleet currently either suffering breakdowns, wave damage or being taken out of service for audit.

    Maritime Union of New Zealand National Secretary Carl Findlay says the vital transport link is hanging by a thread, with ongoing disruption.

    He says the Aratere has once again experienced technical issues, following engine shaft problems in Picton on Wednesday evening that caused several hours of delays. Crew members and passengers had to remain on board before being able to disembark in Wellington.

    Over the previous weekend, Kaiarahi had its bow door damaged in rough seas, which will be welded shut to allow it to continue to operate until a scheduled dry dock in Singapore in July.

    Kaitaki is being pulled from service this weekend for a Maritime NZ audit.

    KiwiRail announced in May 2025 it would remove the rail-enabled Aratere ferry from service in August 2025, and is now seeking to cut 70 jobs for MUNZ members in the deck and catering departments on the Aratere.

    Mr Findlay says the Union had flagged the dangers of removing a key vessel from service, and the current situation showed that KiwiRail needed to rethink their plan.

    He says technical problems with Cook Strait ferries extended to the private operator Strait Shipping, and had their roots in a failure to invest in modern shipping and infrastructure by the Government and private operators.

    Mr Findlay says the cancellation of the iRex project by Finance Minister Nicola Willis was going to cause years of disruption as the iRex ferries would have been entering into service over the next year or two.

    New ferries announced by Minister of Rail Winston Peters are now not expected until at least 2029.

    MIL OSI New Zealand News –

  • MIL-OSI: Nuveen Selects Molecule Software’s ETRM to Scale Renewable Trading Capabilities

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, June 12, 2025 (GLOBE NEWSWIRE) — Molecule Software is today announcing that global investment leader Nuveen, a TIAA company, has selected Molecule’s future-ready ETRM software to accelerate its expanding renewable power trading operations.

    Nuveen, one of the world’s largest asset managers, manages a diverse power trading portfolio across large markets, including the United States, Europe, and Asia. As their renewable power business grows, an agile ETRM platform that can handle the increasing complexities of their portfolio has become a top priority.

    “We have ambitious goals to grow our portfolio,” said Jordi Francesch, MD, Head of Global Asset Management, Clean Energy at Nuveen. “As we scale up our portfolio of energy generation assets, we encounter technical challenges across the different geographies in which we operate and different market risks in those geographies.

    “Therefore, the need to have a state-of-the-art energy trading risk management system that allows for scalability, risk control, and best-in-class management features becomes business critical.”

    Molecule, which has been expanding its footprint in Europe with the addition of a new EU production environment, EU- and UK-based sales, implementation, and support staff, and a growing list of new customers (including Nuveen), was selected for its tech-forward capabilities, ease of use, agility, and ability to handle the complexities of Nuveen’s growing portfolio.

    “We really need to be quite efficient in terms of decision-making and deployment of our strategy,” said Francesch. “We knew that a bulky, complicated ETRM would not help us achieve that goal. Molecule provides a more agile solution that can scale with our business”

    ”We’re so pleased to be working with the fantastic team at Nuveen,” said Sameer Soleja, Founder and CEO at Molecule. “They’re using Molecule as a force multiplier – as an ETRM should be – and we look forward to partnering with them as their portfolio grows.”

    About Molecule
    Molecule is the ETRM built for the future of energy. Cloud-native with an intuitive, easy-to-use experience at its core, Molecule is the alternative to the convoluted systems of the past. With near real-time reporting, 30+ integrations, and headache-free implementations, Molecule gets your ETRM out of your way – because you have more valuable things to do with your time. Find out more at molecule.io.

    About Nuveen
    Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.3 trillion in assets under management as of 31 December 2024 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.

    Media Contact
    Kari Foster, VP of Marketing
    Molecule
    Phone: +1 832.464.4037
    Email: kari@molecule.io

    The MIL Network –

  • MIL-OSI Economics: IMCA launches IMCA Awards 2025 celebrating innovation and impact in marine contracting

    Source: International Marine Contractors Association – IMCA

    Headline: IMCA launches IMCA Awards 2025 celebrating innovation and impact in marine contracting

    This year’s IMCA Awards are now open for entries, with new categories celebrating outstanding achievement in Innovation and Technology, and People Development, as well as a new Rising Star award to recognise the next generation of talented marine contractors.

    The marine contracting industry’s premier awards – sponsored this year by global marine contractor McDermott International and diving contractor Unidive Subsea – return in 2025 to showcase innovative and impactful projects led by IMCA Members.

    Last year’s three award categories, Health and Safety Project of the Year, Environmental Sustainability Project of the Year, and the Greenhouse Gas Reduction Project of the Year, which recognises progress in reducing greenhouse gas emissions – all return in 2025.

    The winners will be announced at IMCA’s Global Summit Gala Dinner, which will take place on 26 November in Kuala Lumpur, Malaysia, on the middle night of IMCA’s two-day flagship event. Global Summit tickets, which include entry to the Gala Dinner, are available at a reduced rate until 30 June – find out more here.

    Jim Cullen, Technical Director, IMCA said: “We’re excited to share the return of the IMCA Awards, which are a great opportunity to celebrate outstanding achievement, promote innovative projects and approaches, and champion best-practice from across our membership.

    “AI and new technology are rapidly changing our industry and creating the need for new skills and training, so it is only right that our Members’ work in response to these opportunities is celebrated through new awards for technological innovation and people development. We also want to celebrate the next generation of talented early-career professionals that are coming through the ranks.

    “I would like to offer my thanks to McDermott International and Unidive Subsea for becoming our first IMCA Award sponsors.” 

    The awards are open to IMCA Members only. A judging panel, made up of selected Committee members, IMCA Secretariat leads, Committee Chairs, and IMCA Global Summit sponsors, will review the entries in a formal and independent scoring process. Shortlisted companies will be announced in the Autumn. The deadline for entries is Monday 1 September 2025. 

    Find out more about the judging process and criteria, and enter IMCA Awards 2025, here.

    For the first time, sponsorship opportunities are available to sponsor individual awards. To find out more about sponsorship and exhibition opportunities at the IMCA Awards and IMCA Global Summit, please contact events@imca-int.com.

    The full list of IMCA Awards can be seen below:

    • Health and Safety Project of the Year – Recognising excellence in health and safety performance.
    • Greenhouse Gas Reduction Project of the Year – Promoting success in reducing operational and value chain emissions.
    • Environmental Sustainability Project of the Year – Highlighting projects designed to support environmental sustainability in offshore or marine environments.
    • People Development Project of the Year – Recognising people-focussed initiatives including skills and training, diversity initiatives, and projects to attract new talent to the sector.
    • Innovation and Technology Project of the Year – Rewarding advancements in digital transformation, AI, and technological innovation.
    • Rising Star Award – Celebrating the achievements of an early-career professional with fewer than five years’ experience in the marine contracting industry.

    Discover last year’s winning entries, submitted by DeepOcean, Subsea7 and the National Oceanography Centre, and Solstad Offshore, here.

    MIL OSI Economics –

  • MIL-OSI Economics: IMCA to access climate action best practice through membership of cross-sector business network

    Source: International Marine Contractors Association – IMCA

    Headline: IMCA to access climate action best practice through membership of cross-sector business network

    IMCA has officially joined the Climate Action for Associations (CAFA) Collective, a leading not-for-profit initiative dedicated to accelerating climate action across industries and professions.

    CAFA membership will enable IMCA to access best practice case studies and resources from other business sectors to better support Members’ work to minimise their environmental impact and transition to a low-carbon and climate resilient economy.

    Mary Ntamark, IMCA’s Technical Adviser for Environmental Sustainability, said: “We are delighted to join CAFA. This partnership enables us to collaborate with a powerful network of membership organisations, access tailored resources, and participate in peer-to-peer learning and working groups focused on climate action and resilience. Working with other business sectors, we can make a meaningful impact and bring important insights to our work with IMCA Members.”

    IMCA’s Greenhouse Gas Committee and Environmental Sustainability Committees are engaged in numerous projects in support of Members’ work to enhance the sustainability of their operations, such as reducing greenhouse gas emissions from vessels, implementing circular economy principles in supply chains, and projects to support marine biodiversity.

    For further information, please contact mary.ntamark@imca-int.com.

    MIL OSI Economics –

  • MIL-OSI Economics: IMCA announces results of South America Committee elections

    Source: International Marine Contractors Association – IMCA

    Headline: IMCA announces results of South America Committee elections

    IMCA has welcomed four new industry experts including a representative from Marinha do Brasil – the Brazilian Navy – to its South America Committee following elections among IMCA Members.

    The successful candidates, who were all nominated and voted for by IMCA Members from across the region, are:

    Fugro’s John Chatten and Daniel Marins from Subsea7 were re-elected for a third two-year session, as Committee Chair and Vice Chair, respectively, alongside Renata Cortês and Patricia Gomes from Companhia Brasileira de Offshore – Grupo CBO, Cicero Ricardo Batista Lopes from Posidonia Shipping and Trading, Nelsiane Carrara from TechnipFMC, and Michel Teicher from SISTAC Sistemas de Acesso SA.

    The South America Committee supports the development of our industry across the region, promoting IMCA’s campaigns to improve safety and sustainability among key stakeholders, and regularly bringing local Members together to share their insights and experiences. Recent in-person meetings have taken place in Rio de Janeiro, Brazil.

    The Committee works in partnership with energy company Petrobras, and Marinha do Brasil.

    For further information, contact jennifer.evans@imca-int.com.

    MIL OSI Economics –

  • MIL-OSI United Kingdom: UK Government training IDF soldiers is active participation in genocide

    Source: Scottish Greens

    12 Jun 2025 External Affairs

    Training soldiers who participate in the atrocities in Gaza is a betrayal of every principle of human rights and international law.

    More in External Affairs

    The Scottish Greens have condemned the UK Government after it was revealed through a parliamentary question that Israeli Defence Forces personnel are currently being trained on UK military bases.

    The shocking revelation comes as Israel continues its relentless assault on Gaza. More than 55,000 Palestinians have already been murdered, the majority of whom are women, children and the elderly. 

    The further destruction of homes, hospitals, schools, and critical infrastructure has led to the situation in Palestine to be described as “worse than hell on earth” by the head of the International Committee of the Red Cross. Human rights organisations, UN officials and legal scholars around the world have described Israel’s actions as war crimes and acts of genocide.

    The UK Government has already faced widespread criticism for continuing to supply arms to Israel despite overwhelming evidence that they are being used in clear violation of international law. The news that UK forces are also providing military training takes that complicity to a far more serious level of active participation.

    Scottish Greens Co-Leader Patrick Harvie MSP said:

    “The UK  is actively training members of the Israeli military while they carry out a brutal assault on Gaza. This is nothing short of disgraceful. This goes beyond complicity – it is direct, active participation in the genocide of the Palestinian people. Every bomb dropped, every home destroyed, every child killed is a crime that the UK Government is now tied to.

    “The Scottish Greens have been clear from the start, what we are witnessing in Gaza is a genocide. Tens of thousands of people, most of them women, children and the elderly, have been killed and entire communities have been wiped out. Hospitals, schools, and refugee camps have been targeted. This is not self-defence – it is the destruction of a people through murder and forced displacement.”

    “It is appalling that instead of taking action to end the violence, this Labour UK Government are training the Israeli war machine that is committing these crimes. Training soldiers who are part of these atrocities is a betrayal of every principle of human rights and international law. It must stop now. 

    “We repeat our calls for an immediate ceasefire, an end to UK participation in genocide, and full accountability for war crimes. Scotland must stand on the side of peace and justice – not with those who commit and support these horrific acts. All those who are participating in these atrocities must be brought to justice.”

    MIL OSI United Kingdom –

  • MIL-OSI Europe: Audience with the clergy of the diocese of Rome

    Source: The Holy See

    This morning, in the Paul VI Hall, the Holy Father Leo XIV received in audience the clergy of the diocese of Rome, to whom he delivered the following address:

    Address of the Holy Father
    I want to ask for a big round of applause for all of you who are here, and for all the priests and deacons of Rome!
    Dear Priests and Deacons who provide your service in the diocese of Rome, dear seminarians, I greet you all with affection and friendship!
    I thank His Eminence the Cardinal Vicar, for the words of greeting and for his presentation, telling something of your presence in this city.
    I wished to meet you to get to know you personally, and to begin walking with you. I thank you for your life given in the service of the Kingdom, for your daily labours, for your great generosity in the exercise of your ministry, for everything you live in silence and that is at times accompanied by suffering or misunderstanding. You carry out different services, but you are all precious in the eyes of God and in the fulfilment of his plan.
    The diocese of Rome presides in charity and in communion, and can fulfil this mission thanks to each one of you, in the bond of grace with the Bishop and in the fruitful co-responsibility of all God’s people. Ours is a truly particular diocese, because many priests come from various parts of the world, especially in order to study; and this implies that pastoral care too – I am thinking above all of the parishes – is marked by this universality and the mutual acceptance it entails.
    Starting precisely from this universal outlook that Rome offers, I would like to share cordially with you a few reflections.
    The first note, that is particularly close to my heart, is that of unity and communion. In the so-called “priestly” prayer, as we know, Jesus asked the Father that his people may be one (cf. Jn 20-23). The Lord knows well that only by being joined to him and united among ourselves can we bear fruilt and give credible witness to the world. Presbyteral communion here in Rome is favoured by the fact that, by ancient tradition, it is it is customary to live together, in rectories as well as in colleges or other residences. The presbyter is called to be the man of communion, because he is the first to live it, and continually nurtures it. We know that this communion today is hindered by a cultural climate that favours isolation or self-absorption. None of us is exempt from these pitfalls that threaten the solidity of our spiritual life and the strength of our ministry.
    But we must be vigilant because, in addition to the cultural context, communion and fraternity among us also encounter some obstacles that are, so to speak, “internal”, which relate to the ecclesial life of the diocese, interpersonal relationships, and also what resides in the heart, especially that feeling of weariness that arises because we have experienced particular hardships, because we do not feel we are understood and heard, or for other reasons. I would like to help you, to walk with you, so that each person may regain serenity in his own ministry; but it is precisely for this reason that I ask you for zeal in priestly fraternity, which has its roots in a solid spiritual life, in the encounter with the Lord and in listening to his Word. Nourished by this lymph, we are able to have relationships of friendship, outdoing one another in respect (cf. Rm 12:10); we feel the need for others in order to grow and to foster the same ecclesial drive.
    Communion should also be translated into commitment in this diocese: with diverse charisms, with different paths of formation and even with different services, but the effort to sustain it must be one. I ask all of you to pay attention to the pastoral journey of this Chruch which is local but, because of who leads it, is also universal. Walking together is always a guarantee of fidelity to the Gospel; together and in harmony, striving to enrich the Church with one’s own charism but having at heart the single body of which Christ is the Head.
    The second note I want to give you is that of exemplarity. On the occasion of the priestly ordinations on 31 May last, in the homily I recalled the importance of the transparency of life, on the basis of the words of Saint Paul who said to the elders of Ephesus: “You yourselves know how I lived among you” (Acts 20:18). I ask you, with the heart of a father and of a pastor, let us all undertake to be credible and exemplary priests! We are aware of the limits of our nature and the Lord knows us in depth; but we have received an extraordinary grace; we have been entrusted with a precious treasure of which we are the ministers, the servants. And fidelity is required of the servant. None of us is exempt from the suggestions of the world, and the city, with its thousands of offerings, could even draw us away from the desire for a holy life, inducing a levelling down in which the profound values of being a priest are lost. Let yourselves be drawn once again by the call of the Master, to feel and live the love of the first hour, that which drove you to make important choices and courageous sacrifices. If together we try to be exemplary in a humble life, then we will be able to express the renewing force of the Gospel for every man and for every woman.
    A final note I wish to give you you is that of looking at the challenges of our time from a prophetic perspective. We are concerned and saddened by everything that happens every day in the world: we are hurt by the violence that generates death, we are challenged by inequalities, poverty, many forms of social marginalization, the widespread suffering that assumes the features of an unease that no longer spares anyone. And these are not distant realities, far from us, but rather they affect even our city of Rome, marked by multiple forms of poverty and grave emergencies such as the issue of housing. A city in which, as Pope Francis remarked, the “great beauty” and charm of art must also be matched by “simple decorum and the normal functioning of places and situations in ordinary, everyday life. Because a city that is more liveable for its citizens is also more welcoming to everyone” (Homily for Vespers with Te Deum, 31 December 2023).
    The Lord wanted us in this time filled with challenges that, at times, seem to exceed our strength. We are called to embrace these challenges, to interpret them evangelically, to experience them as opportunities to bear witness. Let us not flee from them! Pastoral commitment, like that of study, become for us a school to learn how to build the Kingdom of God in today’s complex and challenging history. In recent times we have had the example of holy priests who have been able to combine a passion for history with the proclamation of the Gospel, such as Don Primo Mazzolari and Don Lorenzo Milani, prophets of peace and justice. And here in Rome we have had Don Luigi Di Liegro who, faced with so much poverty, devoted his life to seeking ways of justice and human advancement. Let us draw on the strength of these examples to continue sowing seeds of holiness in our city.
    Dear friends, I assure you of my closeness, my affection and my readiness to walk with you. Let us entrust our priestly life to the Lord, and let us ask him to be able to grow in unity, exemplarity and in prophetic commitment to serve our time. May we be accompanied by the heartfelt appeal of Saint Augustine, who said: “Love this Church, be ye in this holy Church, be ye this Church; love the Good Shepherd, the Spouse so fair, who deceiveth no one, who desireth no one to perish. Pray too for the scattered sheep; that they too may come, that they too may acknowledge Him, that they too may love Him; that there may be One Flock and One Shepherd” (Sermon 138, 10). Thank you.

    MIL OSI Europe News –

  • MIL-OSI Europe: Frontex Joins Forces with Spain to Keep Summer Travel Safe and Smooth

    Source: Frontex

    Frontex, the European Border and Coast Guard Agency, is working side by side with Policía Nacional in Spain this summer to support border checks at some of the busiest ports in the country.

    Every summer, thousands of people travel between Spain and Morocco, especially through Algeciras, Tarifa and Ceuta. With travel picking up, Frontex is sending more than 100 officers as part of Operation Minerva to help Policía Nacional manage the high number of passengers and vehicles.

    The goal? To make travel safer, faster and more secure for everyone.

    A year ago, Operation Minerva helped stop more than 100 kg of hashish and nearly 27 000 smuggled cigarettes from crossing the border. It’s a strong example of how working together helps tackle crime and keeps borders safe.

    “Spain knows its borders, and we bring backup when it counts. This isn’t just about sending officers. It’s about showing up when we’re needed. Strong borders start with strong cooperation,” said Frontex Executive Director Hans Leijtens.

    This partnership is part of Frontex’s wider effort to support countries across the EU while ensuring that border management respects people’s rights and upholds European values.

    MIL OSI Europe News –