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  • MIL-OSI Global: What Pope Leo XIV’s coat of arms and motto reveal about his dedication to the ideals of St. Augustine − an art historian explains

    Source: The Conversation – USA – By Virginia Raguin, Distinguished Professor of Humanities Emerita, College of the Holy Cross

    A 17th-century stained glass image of St. Augustine. Artist Tobias Müller, 1622. Michel M. Raguin, with the permission of the Princeton University Art Museum, Princeton NJ, U.S.

    Pope Leo XIV has announced his motto and coat of arms – a long-held tradition for those in the ranks of bishops, cardinals and popes. The choice of symbols and words reflects the person’s experience.

    Leo’s shield is divided diagonally: The upper half shows a white lily on a blue background, and the lower shows the emblem of the Order of St. Augustine – an order to which he belongs. His motto reads, “In Illo uno unam,” translated as “In the One, we are one,” which are words of St. Augustine from his Exposition on Psalm 127, Paragraph 2: “I understand one in the One Christ. You are therefore many, and you are one; we are many, and we are one. ”

    In choosing this motto, Leo includes the identifying symbol of Augustine, a heart pierced by an arrow.

    Coat of Arms of Pope Leo XIV.
    Photo courtesy of the Holy See Press Office

    As an art historian, I explain how Renaissance artists portrayed Augustine’s humility – and what the choice of the motto might tell us about the new pope.
    .

    The Order of St. Augustine

    Augustine lived in the late fourth century, ultimately serving as bishop of Hippo in northern Africa for 34 years. The Augustinian order was founded in 1244 after several communities of hermits living in the region of Tuscany, Italy, petitioned Pope Innocent IV to form a single order. The pope gave them the Rule of Saint Augustine as a code of living, which stated: “Call nothing your own, but let everything be yours in common; [do] not seek after what is vain and earthly.”

    Augustine’s status as a scholar, theologian and administrator made him a widely depicted saint. For example, he appears in a stained glass window commissioned by a pastor in 1622, in which he holds his symbol of the heart pierced with the arrow resting on a book on his lap.

    The image relates to a phrase from Augustine’s book “The Confessions”: “Thou hadst pierced our heart with thy love, and we carried thy words, as it were, thrust through our vitals.”

    In this stained-glass image, the saint is seen speaking to a child. The 1483 translation of the “Golden Legend,” a collection of saints’ lives, explains that while struggling to write his treatise “On the Trinity,” Augustine was walking at the seashore and saw a child filling a tiny pit with water.

    When the child explained that he was bringing the ocean into the pit, Augustine scolded him for being silly. The child answered that he would sooner fit all the water of the sea into the pit than Augustine could bring the mystery of the Trinity into his limited human understanding. The Trinity is the Christian concept that God is not a single person but three – Father, Son and Holy Spirit – united in a single divine and eternal nature.

    This lesson in humility became widely depicted across the centuries. In 1482, an altarpiece by the painter and sculptor Michael Pacher shows Augustine with a child at his feet holding a spoon.

    Augustine’s scholarship

    Augustine’s legacy includes not only “The Confessions,” one of the most widely read books of medieval and early modern times, and “On the Trinity,” but many others, including “The City of God,” a monumental work of over 1,000 pages.

    Fresco of St. Augustine.
    Sandro Botticelli via Wikimedia Commons

    Sandro Botticelli’s 1480 painting of Augustine in his study shows the saint searching for clarity of thought as he pauses his writing.

    Dressed simply in a long white garment and a cloak, he has set aside his bishop’s miter, an official hat – also a gesture of humility. His study is crowded with books; on the right, behind his head, a book is open to a study of geometry.

    Botticelli tries to show the saint as a scholar in ancient times by placing on the left an old and discredited celestial model that depicts the Earth at the center of the universe, with the Sun, Moon, planets and stars revolving around it. We, with modern knowledge, understand that despite his intelligence, Augustine cannot know everything.

    Leo has been both a scholar and pastor. He served as a professor of canon law and early Christian theology at San Carlos y San Marcelo, a seminary in Peru.

    Yet, like the founder of his order, his words at this first Mass reflected his humility when he said that his appointment as pope was “both a cross and a blessing” and spoke of the responsibility he and the cardinals have in the world.

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

    – ref. What Pope Leo XIV’s coat of arms and motto reveal about his dedication to the ideals of St. Augustine − an art historian explains – https://theconversation.com/what-pope-leo-xivs-coat-of-arms-and-motto-reveal-about-his-dedication-to-the-ideals-of-st-augustine-an-art-historian-explains-256539

    MIL OSI – Global Reports –

  • MIL-OSI Russia: Denis Manturov: Russian mechanical engineering sectors demonstrate stability

    Translation. Region: Russian Federal

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

    Denis Manturov took part in a joint meeting of the bureau of the Union of Mechanical Engineers and the association “League for Assistance to Defense Enterprises”

    First Deputy Prime Minister Denis Manturov took part in a joint meeting of the bureau of the Union of Mechanical Engineers and the League for Assistance to Defense Enterprises association.

    The event was also attended by the Minister of Industry and Trade Anton Alikhanov, the Minister of Science and Higher Education Valery Falkov, the Chairman of the Union of Mechanical Engineers of Russia, General Director of the Rostec State Corporation Sergey Chemezov, the First Deputy Chairman of the Union, Chairman of the State Duma Committee on Industry and Trade Vladimir Gutenev, General Director of the Roscosmos State Corporation Dmitry Bakanov, heads of regions, members of the bureau – heads of corporations and large industrial enterprises.

    Welcoming the participants of the meeting, Denis Manturov noted that today the Russian mechanical engineering industries are demonstrating resilience and readiness to respond to the most difficult challenges.

    “The development of a number of strategic areas depends on the dynamics of qualitative changes in this sector of industry. I mean, first of all, the country’s defense capability, its energy and food security, transport connectivity, and sovereignty in the field of space services. In the same vein, we consider the importance of mechanical engineering for the fundamental renewal of the production base of the entire industrial sector,” the First Deputy Prime Minister noted.

    The implementation of specialized national projects contributes to the enhancement of the technological status of the designated areas. Hundreds of mechanical engineering enterprises participate in them, ensuring the development of components and the supply of finished products, forming new cooperation chains.

    “In the current challenges, Russia continues to demonstrate high resilience. Enterprises are coping with the tasks set by our President. Manufacturing production in the first quarter showed growth of 4.7% in annual terms. The tasks of strengthening the economy, increasing industrial potential, ensuring the country’s defense capability are not just a priority for the near future. These are permanent, strategic goals that determine our development for years to come,” said Sergey Chemezov.

    The report was delivered by the president of the league, Chairman of the State Duma Committee on Industry and Trade Vladimir Gutenev. The parliamentarian emphasized that the union and the league are in constant dialogue with the real sector and the expert community, and the Government is considering initiatives aimed at supporting defense industry enterprises. Among them is a draft law on deferment from military service for graduates who have found jobs in the defense industry in targeted areas, as well as a law on protecting accounts involved in state defense procurement from automatic write-offs based on writs of execution.

    Anton Alikhanov drew attention to the current issues of providing the industries with personnel. “We are well aware of the main obstacle to the rapid replenishment of personnel. This is the extremely low level of employment in the specialty of university graduates and the claims of enterprises to the level of their training. We have well-established work with the Ministry of Education and Science and the Ministry of Education on advanced engineering schools and educational and industrial clusters. Therefore, I propose that those companies that have their own corporate universities and basic departments provide an opportunity to train specialists at the request of the cooperative enterprises. We can consider the possibility of creating industry databases under the wing of Soyuzmash, connecting potential employers and applicants. Such a resource already works well in the military-industrial complex,” the head of the Ministry of Industry and Trade noted.

    The Minister of Education and Science, Valery Falkov, outlined systemic steps aimed at developing engineering education at universities and higher education in general. According to the Minister, today 42% of budget places are allocated for engineering and technical specialties. In order to improve the quality of education, work is underway to revise the list of specialties and areas of training, the mechanism of targeted admission is being improved, and a pilot project for industrial postgraduate studies will begin this year. Also, on the instructions of Russian President Vladimir Putin, the flagship project of the Ministry of Education and Science, Advanced Engineering Schools, has been continued. Valery Falkov noted that from this year, only those applicants who are applying for priority specialties, including engineers, will be able to use a preferential educational loan at a rate of 3%.

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

    MIL OSI Russia News –

  • MIL-OSI Europe: ASIA/PAKISTAN – Between Kashmir and Baluchistan: “Now is the time for unity and peace”

    Source: Agenzia Fides – MIL OSI

    Mostafameraji – Wiki Commons

    Karachi (Agenzia Fides) – “Now is the time for unity and peace. I would like to recall the words of Pope Leo XIV: Peace be with you. We address this message to India, to our Indian brothers, with whom we are called to build coexistence, and also to our brothers in Baluchistan, which is an integral part of Pakistan,” Father Mario Angelo Rodrigues, a priest of the Archdiocese of Karachi, told Fides. In recent days, tensions have flared between India and Pakistan in the Kashmir region, a conflict for which a truce has been signed. In the west of the country, the situation has also worsened with the intensification of the conflict in Baluchistan, one of the provinces that form the Pakistani territory, in which an irredentist movement has been present since the time of Pakistan’s independence. Recently, civil society leader Mir Yar Baloch declared that “Balochistan is not Pakistan,” calling for independence from Pakistan and appealing for support from India and the international community. He has denounced decades of violence, forced disappearances, and human rights violations in the region. Father Rodrigues, who began his pastoral work in Balochistan as a young priest, recalls: “There I met peaceful, hospitable, life-loving people. We defend human dignity, fundamental rights, prosperity for all, and reject all forms of violence. Unfortunately, when terror erupts in the region, the military intervenes, and I can imagine the suffering this causes for the civilian population.” Today, Balochistan represents a concern for the Pakistani government. Despite this, the priest insists on the importance of promoting national unity and including all ethnic and religious groups and launch an appeal for the unity of Pakistan and for peace,” says the priest. “In Karachi, the Baloch communities are well integrated. We have Baloch children in our school, who live in complete harmony with their classmates. That is the model to follow,” says Rodrigues, currently principal of St. Patrick High School, a Catholic institution with more than 4,000 students.The local population continues to report serious human rights violations committed against civilians and those who oppose the policies of the Pakistani government, considered repressive. The Baluchistan Liberation Army (BLA), an insurgent group active in the region, has carried out violent attacks. On March 11, it hijacked the Jaffar Express passenger train, traveling from Quetta to Peshawar with at least 380 people on board. The hijacking ended after the intervention of the Pakistani army. The province of Baluchistan has been involved in insurgencies and conflicts by Baloch separatists since 1948.An estimated 7 million Baloch people live in Pakistan, mainly in the province of Baluchis, although there are also significant communities in Sindh and Punjab. They represent about 3.6% of the national population. Baloch communities are also found in Iran and Afghanistan. (PA) (Agenzia Fides, 15/5/2025)
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  • MIL-OSI Europe: AFRICA/CENTRAL AFRICA – Mission and hope among the Bayaka pygmies

    Source: Agenzia Fides – MIL OSI

    Thursday, 15 May 2025

    SMA

    Kanza (Agenzia Fides) – “A solid roof over one’s head, a good cassava field, learning to read… without ever being discouraged and with the help of God” is the Hope for the Bayaka pygmies of Central Africa.“God never leaves us alone and always holds our hand” Fr Michele Farina, a priest from the diocese of Savona, associated with the Society of African Missions missionary in Monasao, in a recent testimony, explaining what Hope, the central theme of Jubilee 2025, is for him and his very special parishioners, the Bayaka pygmies, who live in the forest. “For them, Hope is something very concrete” the missionary continues.In a video presented for the occasion (see attachment) Fr Michele says, among other things, that every Sunday the catechist who leaves Monasao on a motorbike for the celebration of the Word said that for him, who had a difficult childhood, struck by polio as a child and saved by a nun from the mission at the time, hope is never to be discouraged.A father from the community of Kanza, 15 km from Monasao, said he would like to see a beautiful harvesting field built, yet another said his wish is to see his children grow up to be able to do something beautiful and important in their lives, and to be cherished by their children when they are old. “Young people – says Fr Michele – instead have a very easy but difficult hope for them, learning to read! I was particularly struck by a young girl who said she wanted to learn to read for herself and to be able to teach it to her mother who had not had the opportunity to study. What emerges in all of them is a strong desire to be able to learn to read and write so that they can do more in their lives besides tending their fields and huts.”In this Jubilee year – he concludes – I join the hope of these dear brothers and sisters of the small community of Kanza, hoping that this Jubilee, as they ask, will give them the strength to realize together with God all the beautiful hopes they carry in their hearts. (AP) (Agenzia Fides, 15/5/2025)

    Attachment to the article

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  • MIL-OSI: Morien Announces Results of Annual and Special Meeting

    Source: GlobeNewswire (MIL-OSI)

    HALIFAX, Nova Scotia, May 15, 2025 (GLOBE NEWSWIRE) —  Morien Resources Corp. (“Morien” or the “Company“) (TSX-V:MOX) is pleased to announce its shareholders voted in favour of all items of business brought before them at the Company’s Annual and Special Meeting of Shareholders (“AGM”) held in Halifax on May 14, 2025.

    Election of Directors

    The number of directors was set by the Board at four, with John Budreski, Dawson Brisco, Mary Ritchie, and Beau White re-elected to the Company’s Board for the ensuing year.

    Following the AGM, the Board confirmed the appointment of Morien’s executive officers, namely: Executive Chairman – John Budreski; President and Chief Executive Officer – Dawson Brisco; Chief Financial Officer – Susanne Willett; and Corporate Secretary – Suzan Frazer.

    Appointment of Auditor

    MNP LLP was re-appointed as the Company’s auditor to hold office until the next annual meeting of shareholders or until its successor is duly appointed, at a remuneration to be fixed by the Board.

    Approval of Stock Option Plan

    The shareholders also re-approved the Company’s 10% rolling incentive stock option plan in accordance with the rules and policies of the TSX Venture Exchange (“TSX-V”).

    Continuance of Shareholder Rights Plan

    Shareholders approved the reconfirmation and continuance of the Company’s shareholder rights plan (“Rights Plan”), originally approved by shareholders in 2019. Under the terms of the Rights Plan, shareholders must affirm the Rights Plan every three years. The purpose of the Rights Plan is to provide the Board and shareholders with sufficient time to properly consider any future take-over bids made for the Company. The Rights Plan will mitigate undue pressure on the Board and shareholders, allow time for competing bids and alternative proposals to emerge, and ensure that all shareholders will be treated fairly and equally in any potential take-over bid made for the Company. The Rights Plan was not adopted, nor reconfirmed, in response to any proposal to acquire control of the Company.

    About Morien

    Morien is a Nova Scotia based, mining development company created in 2012 to be a vehicle of direct prosperity for Nova Scotians, its largest shareholder group. Led by Nova Scotians, Morien’s primary assets are a royalty on the sale of coal from the Donkin Mine in Cape Breton, Nova Scotia, and a royalty on the sale of aggregate from the permitted Black Point Project, in Guysborough County, Nova Scotia. Morien’s management team exercises ruthless discipline in managing both the assets and liabilities of the Company. The Company’s management and its Board of Directors consider shareholder returns to be paramount over corporate size, number or scale of assets and industry recognition. The Company has 51,292,000 issued and outstanding common shares and a fully diluted position of 53,992,000. Further information is available at www.MorienRes.com.

    Forward-Looking Statements

    Some of the statements in this news release may constitute “forward-looking information” as defined under applicable securities laws. These statements reflect Morien’s current expectations of future revenues and business prospects and opportunities and are based on information currently available to Morien. Morien cautions that actual performance will be affected by a number of factors, many of which are beyond its control, and that future events and results may vary substantially from what Morien currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include risks and uncertainties described in documents filed by Morien with the Canadian securities regulators on SEDAR+ (www.sedarplus.ca) from time to time. Morien cautions that its royalty revenue will be based on production by third party property owners and operators who will be responsible for determining the manner and timing for the properties forming part of Morien’s royalty portfolio. These third party owners and operators are also subject to risk factors that could cause actual results to differ materially from those predicted herein including: volatility in financial markets or general economic conditions; capital requirements and the need for additional financing; fluctuations in the rates of exchange for the currencies of Canada and the United States; prices for commodities including coal and aggregate; unanticipated changes in production, mineral reserves and mineral resources, metallurgical recoveries and/or exploration results; changes in regulations and unpredictable political or economic developments; loss of key personnel; labour disputes; and ineffective title to mineral claims or property. There are other business risks and hazards associated with mineral exploration, development and mining. Although Morien believes that the forward-looking information contained herein is based on reasonable assumptions (including assumptions relating to economic, market and political conditions, the Company’s working capital requirements and the accuracy of information supplied by the operators of the properties in which the Company has a royalty interest), readers cannot be assured that actual results will be consistent with such statements. Morien expressly disclaims any intention or obligation to update or revise any forward-looking information in this news release, whether as a result of new information, events or otherwise, except in accordance with applicable securities laws. All dollar values discussed herein are in Canadian dollars. Any financial outlook or future-oriented financial information in this news release, as defined by applicable securities laws, has been approved by management of Morien as of the date of this news release. Such financial outlook or future-oriented financial information is provided for the purpose of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such outlook or information should not be used for purposes other than for which it is disclosed in this news release.

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

    For more information, please contact:

    Dawson Brisco, President & CEO
    Phone: (902) 403-3149
    dbrisco@MorienRes.com
    or
    John P.A. Budreski, Executive Chairman
    Phone: (416) 930-0914
    www.MorienRes.com

    The MIL Network –

  • MIL-OSI: DTST Reports 2025 First Quarter Financial Results and Provides Business Update

    Source: GlobeNewswire (MIL-OSI)

    • Strong Q1 2025 Performance Driven by 14% YoY Revenue Growth in Cloud Infrastructure and Disaster Recovery Services
    • CloudFirst International Expansion Accelerated Through Strategic Partnership with Pulsant
    • Conference Call to be held today at 11:00 am ET

    MELVILLE, N.Y., May 15, 2025 (GLOBE NEWSWIRE) — Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a leading provider of multi-cloud hosting, managed cloud services, disaster recovery, cybersecurity, and IT automation, with direct connection to AWS, Microsoft Azure, and Google Cloud, today provided a business update and reported financial results for the three months ended March 31, 2025.

    First Quarter 2025 Highlights

    • Revenue was $8.1 million, driven by 14% year-over-year growth in Cloud Infrastructure and Disaster Recovery services
    • Gross profit totaled $2.86 million, maintaining consistent margin levels
    • Adjusted EBITDA* reached $497,000, reflecting operational discipline
    • Cash and marketable securities were $11.1 million, with no long term debt

    “We are pleased to report our first quarter results, which reflect both solid financial performance and strategic progress,” said Chuck Piluso, CEO of Data Storage Corporation. “Specifically, CloudFirst Technologies continues to operate profitably on a standalone basis and serves as a scalable, recurring revenue engine. To support our international strategy, we recently partnered with Pulsant, a leading U.K. edge data center provider, enabling us to extend our IBM Power-based cloud offerings across their national footprint. This collaboration positions us to serve regulated and enterprise clients more effectively throughout the U.K. and Europe.”

    “Furthermore, CloudFirst recently completed a major infrastructure upgrade for a long-time enterprise client in the food distribution sector. We migrated legacy systems to high-performance IBM processors, allowing for direct connections with leading providers including AWS, Azure, and Google Cloud—enhancing scalability, security, and cost-efficiency. This contract is an example of how our expertise in delivering complex IT transformations sets us apart in the market and fosters strong client loyalty, with customers consistently returning to us as their trusted partner.”

    Chris Panagiotakos, CFO of Data Storage Corporation, added, “Financially, our core cloud infrastructure and disaster recovery services remain strong performers, evidenced by a 14% year-over-year revenue increase. Our total revenue had a modest decline due to reduced equipment sales, however this aligns with our strategic focus to continue to build a stable high-margin, recurring revenue client base. Our adjusted EBITDA reached $497,000 for the quarter, reflecting our ongoing commitment to operational efficiency and margin discipline. Backed by a strong balance sheet and a growing client base, we are well-positioned to scale our platform, expand our market presence, and create sustained long-term value.”

    Mr. Piluso added, “Overall, we remain focused on growing our high-margin, recurring cloud revenue base, expanding our global partner ecosystem, and delivering the modernization, compliance, and resilience our clients require. These priorities reflect our long-term vision to build a scalable, differentiated platform in the enterprise multi-cloud space.”

    Conference Call

    The Company will host a conference call at 11:00 a.m. Eastern Time on Thursday, May 15, 2025, to discuss the Company’s progress and the financial results for the first quarter of 2025, which ended March 31, 2025.

    The conference call will be available via telephone by dialing toll-free 877-407-9219 for U.S. callers or for international callers +1-412-652-1274. A webcast of the call may be accessed at  DSC Q1 2025 Earnings Call or on the Company’s News & Events section of the website,  www.dtst.com/news-events.

    A webcast replay of the call will be available on the Company’s website (www.dtst.com/news-events) through November 15, 2025. A telephone replay of the call will be available approximately three hours following the call, through May 22, 2025, and can be accessed by dialing 877-660-6853 for U.S. callers or + 1-201-612-7415 for international callers and entering conference ID: 13753165. 

    About Data Storage Corporation
    Data Storage Corporation (Nasdaq: DTST) through its subsidiaries is a leading provider of multi-cloud hosting, fully managed cloud services, disaster recovery, cybersecurity, IT automation, and voice & data solutions.

    Recognizing that data migration is a critical step in transitioning from on-premises systems to the cloud, DSC provides comprehensive migration services to ensure seamless, secure, and efficient data transfer, minimizing downtime and optimizing performance.

    Built on IBM Power servers, DTST’s subsidiary owns their cloud platform manages the platform with the Company’s 24×7 technical team. The Company delivers high-performance, scalable, and secure cloud solutions with interoperability across its infrastructure partners, AWS, Microsoft Azure, and Google Cloud.

    With data centers supporting its CloudFirst platform deployments across the United States, Canada, and the United Kingdom, DSC provides mission-critical solutions to a diverse clientele, including Fortune 500 companies, government agencies, educational institutions, and healthcare organizations.

    As a leader in the multi-billion-dollar cloud hosting and business continuity market, DTST is recognized for its expertise in cloud infrastructure, IT modernization, and data migration, enabling clients to transition to their cloud infrastructure with confidence and operational continuity.

    For more information, please visit www.dtst.com or follow us on X @DataStorageCorp.

    *Adjusted EBITDA is a non-GAAP measure and should not be considered as a substitute for GAAP. Please refer to the Company’s financial disclosures at the end of this press release for a reconciliation to the most directly comparable GAAP measure.

    Safe Harbor Provision

    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. Forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and include statements regarding CloudFirst Technologies continuing to operate profitably on a standalone basis and serving as a scalable, recurring revenue engine; the collaboration with Pulsant positioning the Company to serve regulated and enterprise clients more effectively throughout the U.K. and Europe; and being well-positioned to scale the Company’s platform, expand its market presence, and create sustained long-term value; the Company building a scalable, differentiated platform in the enterprise cloud space; and the opportunities ahead and the potential to drive continued growth and success. Important factors that could cause actual results to differ materially from current expectations include CloudFirst Technologies’ ability to continue to operate profitably; the Company’s ability to grow its presence in the U.K and Europe, the Company ability to create sustained long-term value and drive continued growth and success. These risks should not be construed as exhaustive and should be read together with the other cautionary statements included in the Company’s Annual Report on Form 10-K for the quarter ended March 31, 2025, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it was initially made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or otherwise.

    Contact:
    Crescendo Communications, LLC
    212-671-1020
    DTST@crescendo-ir.com

    DATA STORAGE CORPORATION AND SUBSIDIARIES
    CONDENSED CONSOLIDATED BALANCE SHEETS
             
        March 31, 2025 (Unaudited)   December 31, 2024
    ASSETS                
    Current Assets:                
    Cash   $ 705,557     $ 1,070,097  
    Accounts receivable (less allowance for credit losses of
    $17,121 and $31,472 as of March 31, 2025, and December
    31, 2024, respectively)    		     5,413,282       2,225,458  
    Marketable securities     10,406,912       11,261,006  
    Prepaid expenses and other current assets     858,490       859,502  
    Total Current Assets     17,384,241       15,416,063  
                     
    Property and Equipment:                
    Property and equipment     9,684,825       9,598,963  
    Less—Accumulated depreciation     (6,456,000 )     (6,159,307 )
    Net Property and Equipment     3,228,825       3,439,656  
                     
    Other Assets:                
     Goodwill     4,238,671       4,238,671  
     Operating lease right-of-use assets     550,653       575,380  
     Other assets     168,120       183,439  
     Intangible assets, net     1,360,220       1,427,006  
    Total Other Assets     6,317,664       6,424,496  
                     
    Total Assets   $ 26,930,730     $ 25,280,215  
                     
    LIABILITIES AND STOCKHOLDERS’ DEFICIT                
    Current Liabilities:                
    Accounts payable and accrued expenses   $ 4,550,524     $ 3,183,379  
    Deferred revenue     290,827       212,390  
    Finance leases payable     —       17,641  
    Finance leases payable related party     —       33,879  
    Operating lease liabilities short term     102,246       98,860  
    Total Current Liabilities     4,943,597       3,546,149  
                     
    Operating lease liabilities     496,691       523,070  
    Deferred Tax Liability     39,031       39,031  
    Total Long-Term Liabilities     535,722       562,101  
                     
    Total Liabilities     5,479,319       4,108,250  
                     
    Commitments and contingencies (Note 7)                
                     
    Stockholders’ Equity:                
    Preferred stock, par value $.001; 10,000,000 shares authorized; 1,401,786 designated as Series A Preferred Stock, par value $.001; 0 shares issued and outstanding at March 31,2025 and December 31, 2024     —       —  
    Common stock, par value $.001; 250,000,000 shares authorized; 7,123,227 and 7,045,108 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively     7,123       7,045  
    Additional paid in capital     40,644,000       40,417,813  
    Accumulated deficit     (18,958,511 )     (18,982,589 )
    Accumulated other comprehensive income (loss)     3,579       (23,214 )
    Total Data Storage Corporation Stockholders’ Equity     21,696,191       21,419,055  
    Non-controlling interest in consolidated subsidiary     (244,780 )     (247,090 )
    Total Stockholders’ Equity     21,451,411       21,171,965  
    Total Liabilities and Stockholders’ Equity   $ 26,930,730     $ 25,280,215  
    DATA STORAGE CORPORATION AND SUBSIDIARIES
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (UNAUDITED)
        Three Months Ended March 31,
        2025   2024
             
    Sales   $ 8,083,756     $ 8,235,747  
                     
    Cost of sales     5,223,860       5,269,275  
                     
    Gross Profit     2,859,896       2,966,472  
                     
    Selling, general and administrative     2,952,405       2,752,677  
                     
    Income (loss) from Operations     (92,509 )     213,795  
                     
    Other Income (Expense)                
    Interest income     120,906       143,369  
    Interest expense     (2,009 )     (11,260 )
    Total Other Income     118,897       132,109  
                     
    Income before provision for income taxes     26,388       345,904  
                     
    Provision for income taxes     —       —  
                     
    Net Income     26,388       345,904  
                     
    Gain (loss) in Non-controlling interest in consolidated subsidiary     (2,310 )     11,198  
                     
    Net Income Attributable to Common Stockholders   $ 24,078     $ 357,102  
                     
    Earnings per Share – Basic   $ —     $ 0.05  
    Earnings per Share – Diluted   $ —     $ 0.05  
    Weighted Average Number of Shares – Basic     7,077,913       7,090,389  
    Weighted Average Number of Shares – Diluted     7,405,672       7,259,472  
    DATA STORAGE CORPORATION AND SUBSIDIARIES
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
    (UNAUDITED)
             
        Three Months Ended March 31,
        2025   2024
    Cash Flows from Operating Activities:                
    Net income   $ 26,388     $ 345,904  
    Adjustments to reconcile net income to net cash used in operating activities:                
    Depreciation and amortization     363,379       295,198  
    Stock based compensation     226,265       171,325  
    Change in expected credit losses     (6,995 )     —  
                     
    Changes in Assets and Liabilities:                
    Accounts receivable     (3,180,822 )     (3,177,694 )
    Other assets     15,319       —  
    Prepaid expenses and other current assets     2,936       (153,782 )
    Right of use asset     24,727       26,821  
    Accounts payable and accrued expenses     1,373,552       2,226,932  
    Deferred revenue     78,437       (26,078 )
    Operating lease liability     (22,993 )     (27,250 )
    Net Cash Used in Operating Activities     (1,099,807 )     (318,624 )
    Cash Flows from Investing Activities:                
    Capital expenditures     (67,519 )     (358,637 )
    Purchase of marketable securities     (120,906 )     (143,369 )
    Sale of marketable securities     975,000       200,000  
    Net Cash Provided by (Used in) Investing Activities     786,575       (302,006 )
    Cash Flows from Financing Activities:                
    Repayments of finance lease obligations related party     (33,879 )     (66,280 )
    Repayments of finance lease obligations     (17,641 )     (101,078 )
    Net Cash Used in Financing Activities     (51,520 )     (167,358 )
                     
    Effect of exchange rates on cash     212       —  
                     
    Net decrease in Cash     (364,540 )     (787,988 )
                     
    Cash, Beginning of Period     1,070,097       1,428,730  
                     
    Cash, End of Period   $ 705,557     $ 640,742  
    Supplemental Disclosures:                
    Cash paid for interest   $ 489     $ 8,855  
    Cash paid for income taxes   $ —     $ —  
    Non-cash investing and financing activities:                

    The following table shows the Company’s reconciliation of net income (loss) to adjusted EBITDA for the months ended March 31, 2025, and 2024:

    For the three months ended March 31, 2025
                         
        CloudFirst
    Technologies    		   CloudFirst
    Europe Ltd.    		   Nexxis Inc.   Corporate   Total
                         
    Net income (loss)   $ 1,077,591     $ (455,971 )   $ (7,243 )   $ (587,989 )   $ 26,388  
                                             
    Non-GAAP adjustments:                                        
    Depreciation and amortization     333,615       29,235       209       320       363,379  
                                             
    Interest income     —       —       —       (120,906 )     (120,906 )
    Interest expense     2,009       —       —       —       2,009  
    Provision for income tax     —       —       —       —       —  
    Stock-based compensation     89,665       —       6,429       130,171       226,265  
                                             
    Adjusted EBITDA   $ 1,502,880     $ (426,736 )   $ (605 )   $ (578,404 )   $ 497,135  
    For the three months ended March 31, 2024
                         
        CloudFirst
    Technologies    		   CloudFirst
    Europe Ltd.    		   Nexxis Inc.   Corporate   Total
                         
    Net income   $ 914,372     $ —     $ (62,941 )   $ (505,527 )   $ 345,904  
                                             
    Non-GAAP adjustments:                                        
    Depreciation and amortization     294,793       —       211       194       295,198  
    Interest income     —       —       —       (143,369 )     (143,369 )
    Interest expense     11,260       —       —       —       11,260  
    Stock-based compensation     52,969       —       6,671       111,685       171,235  
                                             
    Adjusted EBITDA   $ 1,273,394     $ —     $ (56,059 )   $ (537,017 )   $ 680,318  

    The MIL Network –

  • MIL-OSI: North America Drone Market Size Expected Reach $31 Billion By 2034 as Revenue Opportunities Jump

    Source: GlobeNewswire (MIL-OSI)

    PALM BEACH, Fla., May 15, 2025 (GLOBE NEWSWIRE) — FN Media Group News Commentary – The Drones-As-A Service market is expected to continue substantial growth in the coming years. The adoption of advanced technologies in drones, such as thermal imaging, gas detection, and loudspeakers, is increasing, particularly in public safety and emergency response. Drones equipped with these technologies are used extensively by fire departments, search and rescue teams, and law enforcement to manage disasters and enhance surveillance​. The primary reasons for the adoption of these technologies include the need for enhanced operational efficiency and safety in executing complex tasks such as infrastructure inspections, disaster management, and agricultural monitoring. The ability of drones to provide high-resolution imagery and real-time data is invaluable in these contexts, enabling better decision-making and resource allocation​. A report from Market.us projected that the North America Drone Market size is expected to be worth around USD 31,062.9 Million By 2034, from USD 11,445.1 Million in 2024, growing at a CAGR of 10.5% during the forecast period from 2025 to 2034.The U.S. Drone market was estimated at USD 10,869.4 Million in 2024 and is expected to grow at a CAGR of 10.4% from 2025 to 2034. The report said: “The primary reasons for the adoption of these technologies include the need for enhanced operational efficiency and safety in executing complex tasks such as infrastructure inspections, disaster management, and agricultural monitoring. The ability of drones to provide high-resolution imagery and real-time data is invaluable in these contexts, enabling better decision-making and resource allocation​.”   Active Companies in the drone industry today include ZenaTech, Inc. (NASDAQ: ZENA), Red Cat Holdings, Inc. (NASDAQ: RCAT), AgEagle Aerial Systems Inc. (NYSE: UAVS), Draganfly Inc. (NASDAQ: DPRO), AeroVironment, Inc. (NASDAQ: AVAV).

    The Market.us report continued: “The North America drone market is characterized by a significant presence of small and medium-sized enterprises, with a considerable portion being small drone companies. This market is seeing growth in diversity with the entry of major tech companies like Alphabet and Intel. The integration of cutting-edge technologies by companies such as DJI, which recently introduced a LiDAR system for professional surveying, exemplifies the ongoing innovation within this sector. Several key drivers are propelling the North America drone market. Regulatory developments have played a crucial role, especially with the Federal Aviation Administration (FAA) updating rules to allow more extensive commercial drone operations, including beyond visual line of sight (BVLOS) flights​. Additionally, technological advancements in drone hardware and software are enhancing their capabilities, making them more appealing for commercial applications​.” It concluded: “The US Drone Market is valued at approximately USD 10,869 Million in 2024 and is predicted to increase from USD 11,999 Million in 2025 to approximately USD 29,233.5 Million by 2034, projected at a CAGR of 10.4% from 2025 to 2034. The presence of supportive government policies and Federal Aviation Administration (FAA) regulations has facilitated controlled commercial drone operations, especially in areas such as logistics, agriculture, and infrastructure inspection. Moreover, consistent investment by the U.S. Department of Defense in military drones has further strengthened the market.”

    ZenaTech (NASDAQ:ZENA) Reports Nearly Double Revenue Year-Over-Year for the First Quarter of 2025 – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces financial results for the first quarter 2025.

    First Quarter 2025 Highlights:

    • Total revenues for the first quarter of 2025 were $1.13 million, up 92% compared to $591,379 for the first quarter of 2024 primarily due to acquisitions and organic growth.
    • ZenaTech’s new Drone as a Service or DaaS segment grew from completing two acquisitions of land survey drone servicing companies ─ Oregon-based Weddle Surveying and Florida-based KJM Land Surveying. The Company also signed five LOIs (Letter of Intent) for additional acquisitions during the quarter.
    • The company acquired Othership, a UK workplace management software company supporting its enterprise SaaS software segment, where it plans to leverage workplace AI and quantum computing productivity solutions targeting business and government customers.
    • The company made investments in longer term growth and in new segment development that caused general and administrative expenses to increase to $5.75 million in Q1 2025 versus about $0.7 million in Q1 of 2024. This primarily consisted of sales and marketing activities, new hires, professional services, and finance expenses.
    • ZenaTech made investments in its subsidiary ZenaDrone’s UAE manufacturing capabilities during the quarter, including hiring 35 new engineers and technicians. Also announced was the opening of a drone testing facility in Turkey for beyond-the-line-of-sight drone testing.
    • Drone product highlights in Q1 include finalizing the third-generation design and “production model” of the ZenaDrone 1000 drone that will enable the start of scaling up of production. The company also announced the IQ Square drone has moved from prototype to manufacturing stage.
    • The commence of work on a heavy-lift gas-powered ZD 1000 model for longer fight times for US defense applications took place during the quarter. Testing also commenced on a new high-density drone battery and a proprietary communications system for this drone.
    • The company reported that ZenaDrone is preparing for Green UAS followed by Blue UAS certification required to sell to the US Military. Additionally, it is reviewing and putting in place cybersecurity practices, documentation, and internal controls necessary to apply for this certification.
    • ZenaTech further expanded its Taiwan drone component manufacturer─ Spider Vision Sensors, adding additional engineering and business development staff. It also announced the first Blue UAS-certifiable drone sensors are under development.

    “The first quarter of 2025 was a very strong and encouraging start to the year as revenue nearly doubled, up 92% primarily due to acquisitions and organic growth across both our software and drone segments,” said CEO Shaun Passley, Ph.D. “During the first quarter we launched our Drone as a Service or DaaS business segment with a vision to have a national footprint in the US and globally.”

    “Although expenses increased during the first quarter, these are investments intended to grow the company over the long-term, namely in marketing, manufacturing, product development and testing capacity, which we believe will yield future rewards.

    “We believe that this quarter’s performance demonstrates that our strategy to disrupt legacy businesses like land surveys via a DaaS business model is on track. Our momentum is strong, and we are well positioned to expand our range of drone services with a pipeline of over 20 acquisitions over the next 12 months,” concluded Dr. Passley.   Continued… Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/

    In Additional ZENA News: ZenaTech’s (NASDAQ:ZENA) Expands Drone-as-a-Service (DaaS) Exterior Building Power Washing to Dubai Tapping into a Global Drone Cleaning Services Market Growing to USD 13 Billion by 2030 – ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announced it is expanding its United Arab Emirates (UAE) presence by establishing a new office to sell Drone-as-a-Service (DaaS) offerings based in Dubai. Initially this office will focus on delivering drone-powered cleaning services for building exteriors using the IQ Square drone tethered to a water pipe and electrical cord. The company is currently obtaining a permit from the Dubai Civil Aviation Authority to begin power wash testing and operations. Supporting this expansion, ZenaTech will hire two business development managers and up to four additional drone pilots, with drones supplied from its subsidiary ZenaDrone which has a manufacturing hub in nearby Sharjah.

    The global drone power washing market falls under a broader drone cleaning services market category that was valued at approximately USD 4.36 billion in 2023 and is projected to reach USD 13.2 billion by 2030, growing at a compound annual growth rate (CAGR) of almost 17% according to market analyst Valuates Reports , fueled by increasing demand for safe, efficient and cost-effective maintenance solutions.

    “With rising demand for tech-enabled and efficient maintenance solutions, whether for power washing buildings, renewable energy assets, or public spaces, we believe AI-powered drones will bring new safety standards, cost-efficiency, and greater environmental sustainability to maintenance tasks. UAE’s openness to innovative technology makes it an ideal launchpad for these DaaS solutions that we hope to expand to all seven emirates in addition to the US and Europe,” said CEO Shaun Passley, Ph.D.   Continued… Read this full release by visiting: https://www.zenatech.com/newsroom/

    Other recent developments in the drone industry include:

    Red Cat Holdings, Inc. (NASDAQ: RCAT), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, recently reported its financial results for the first quarter ended March 31, 2025 and provides a corporate update.

    Recent Operational Highlights:

    • Announced the expansion of our multi-domain Family of Systems with a new line of Unmanned Surface Vessels (USVs). This strategic move marks Red Cat’s official entry into the rapidly evolving maritime autonomy market and reinforces its position as a provider of comprehensive, interoperable unmanned systems for air, land, and sea operations.
    • Expanded our Red Cat Futures Industry Consortium to include Palantir and Palladyne to boost AI capabilities in contested environments, including visual navigation.
    • Introducing Black Widow™ and Edge 130 drones to the Latin American market at LAAD 2025 in Rio De Janeiro, Brazil in April 2025.
    • Introduced our Black Widow™ short-range reconnaissance drone and Edge 130 Tricopter to the Middle East market at the International Defense Exhibition and Conference in Abu Dhabi, UAE, Feb 17-21, 2025.
    • Introduced Black Widow™ to the Asia Pacific Market at the AISSE conference in Putrajaya, Malaysia in January 2025.
    • Announced that the Black Widow drone and FlightWave Edge 130 were included on the list of 23 platforms and 14 unique components and capabilities selected as winners of the Blue UAS Refresh. The platforms will undergo National Defense Authorization Act (NDAA) verification and cyber security review with the ultimate goal of joining the Blue UAS List.
    • Partnered with Palantir to deploy Warp Speed, Palantir’s manufacturing OS. This collaboration will transform our supply and manufacturing operations with Palantir’s AI enabled monitoring, process flow enhancement and comprehensive data analysis. Palantir’s Warp Speed will optimize Red Cat’s production and streamline its supply chain, change management, and quality assurance, ultimately reducing costs and improving margins.

    AgEagle Aerial Systems Inc. (NYSE: UAVS), a leading provider of advanced drone and aerial imaging solutions, recently announced the sale of 20 high-performance RedEdge-P cameras to Wingtra, a global leader in vertical take-off and landing (VTOL) drone surveying technology.

    This transaction strengthens the partnership between AgEagle and Wingtra, combining AgEagle’s advanced camera technology with Wingtra’s innovative drone platforms to deliver unparalleled aerial mapping and surveying solutions. The cameras are designed for precision agriculture and environmental monitoring, water management, and geospatial applications, and support Wingtra’s ability to provide high-quality data collection for its customers worldwide.

    Draganfly Inc. (NASDAQ: DPRO), an award-winning, industry-leading drone solutions and systems developer, recently announced its first quarter financial results. Key Financial and Operational Highlights for Q1 2025:

    • Revenue for the first quarter of 2025 was $1,547,715 which represents a 16% year over year increase. Product sales of $1,541,811 were up 24.5% over the same period last year.  
    • Gross profit for Q1 2025 was $310,088 up 10.7% from $280,011 for the same period last year. Gross margin percentage for Q1 2025 was 20.0% compared to 21.1% in Q1 2024. Gross profit would have been $271,422 and gross margin would have been 17.5%, not including a one-time non-cash recovery of a write down of inventory of $38,666. The decrease is due to the sales mix of the products sold.  
    • The comprehensive loss for the period of $3,433,712 includes non-cash changes comprised of a positive change in fair value derivative of $157,830, a recovery of a write down of inventory of $38,666, and an impairment gain on notes receivable of $25,951 and would otherwise be a comprehensive loss of $3,656,159 vs an adjusted comprehensive loss of $3,559,976 for the same period last year. Contributors to the slight year-over-year increase are increased research and development, office and miscellaneous, professional fees, share based payments, and wages offset by change in derivative liability.

    AeroVironment, Inc. (NASDAQ: AVAV) recently announced a new contract with the Dutch Ministry of Defence (MoD) to modernize the Netherlands’ Puma™ UAS fleet with expanded capabilities for enhanced situational awareness and operational effectiveness.

    Under the contract, the Dutch MoD is modernizing its Puma 3 AE UAS fleet with advanced capabilities that empower forces to carry out mission-critical operations autonomously and securely—even in GPS-denied and contested environments. Upgrades will boost survivability, strengthen communications and add the option for vertical take-off and landing (VTOL) to maximize operational agility. Deliveries are underway, with the upgraded systems set for rapid deployment at the squad and platoon levels.

    Additionally, the Netherlands is expanding its UAS portfolio with the acquisition of Puma LE, which delivers extended endurance and range. Both Puma 3 AE and Puma LE provide scalable ISR capabilities for tactical formations and civilian missions.

    About FN Media Group:

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    DISCLAIMER: FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty one hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

    This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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    SOURCE: FN Media Group

    The MIL Network –

  • MIL-OSI: Beeline Appoints Veteran Public Company Executive Frank Knuettel II to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    Providence, RI, May 15, 2025 (GLOBE NEWSWIRE) — Beeline Holdings, Inc. (NASDAQ: BLNE), a next-generation digital mortgage lender focused on transforming real estate investment financing, today announced the appointment of Frank Knuettel II to its Board of Directors, effective immediately.

    Mr. Knuettel brings more than two decades of executive leadership experience across dynamic, early-stage public companies in the technology and life sciences sectors. He currently serves as Chief Executive Officer of Channel Therapeutics Corporation since 2023, having started as CFO in 2022. Known for his operational discipline and M&A acumen, Mr. Knuettel has helped companies scale aggressively, including spearheading a revenue expansion at Unrivaled Brands from $10 million to $100 million annualized in just six quarters through strategic acquisitions.

    “Frank’s addition to the board marks a pivotal moment in Beeline’s growth story,” said Nick Liuzza, CEO of Beeline. “His deep capital markets knowledge, proven ability to lead and scale businesses, and transactional experience across more than 15 M&A deals will be invaluable as we expand our footprint and product offerings in the investment lending market.”

    Throughout his career, Mr. Knuettel has raised over $400 million in public and private capital and has held leadership roles at multiple high-growth companies, including CFO of IP Commerce, a fintech platform provider, and Chief Strategy Officer at MJardin Group. He currently serves on the board of Etheros Pharmaceuticals Corp. and has held board seats at both public and private companies.

    Mr. Knuettel holds a BA with honors in Economics from Tufts University and earned his MBA in Finance and Entrepreneurial Management from The Wharton School at the University of Pennsylvania.

    “I’m excited to join the Beeline board at such a dynamic time,” said Mr. Knuettel. “The company’s technology-driven approach to simplifying investment property financing has significant potential, and I look forward to supporting the team as they execute on their ambitious vision.”

    About Beeline Beeline Financial Holdings, Inc. is a trailblazing mortgage fintech transforming the way people access property financing. Through its fully digital, AI-powered platform, Beeline delivers a faster, smarter path to home loans—whether for primary residences or investment properties. Headquartered in Providence, Rhode Island, Beeline is reshaping mortgage origination with speed, simplicity, and transparency at its core. The company is a wholly owned subsidiary of Beeline Holdings and also operates Beeline Labs, its innovation arm focused on next-generation lending solutions.

    Contact: 
    ir@makeabeeline.com 

    The MIL Network –

  • MIL-OSI: CORRECTION — Gabelli Multimedia Trust Reinforces Maintenance of $0.88 per Share Annual Distribution Continues Monthly Distributions

    Source: GlobeNewswire (MIL-OSI)

    RYE, N.Y., May 15, 2025 (GLOBE NEWSWIRE) — In a release issued under the same headline on May 14, 2025 by The Gabelli Multimedia Trust Inc. (NYSE:GGT) please note that in the table, the September Payable Date should be September 23, 2025, not September 16, 2025, as previously stated. The corrected release follows:

    The Board of Directors of The Gabelli Multimedia Trust Inc. (NYSE:GGT) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Directors declared cash distributions as set forth below for each of July, August, and September 2025.

     Distribution Month  Record Date  Payable Date  Distribution Per Share
     July  July 17, 2025  July 24, 2025  $0.07
     August  August 15, 2025  August 22, 2025  $0.07
     September  September 16, 2025  September 23, 2025  $0.08

    Under its monthly distribution policy, the Fund will continue to pay a $0.22 per share quarterly distribution, with $0.07 per share paid for each of the first two months of the quarter and $0.08 per share paid in the third month of each quarter.

    In light of the above policy, the Fund previously declared a $0.14 per share cash distribution (covering the months of April and May) payable on May 22, 2025 to common stock shareholders of record on May 15, 2025, and a $0.08 per share cash distribution payable on June 23, 2025 to common stock shareholders of record on June 13, 2025. The distributions reflect an annualized distribution of $0.88 per share.

    The Fund previously paid quarterly distributions in accordance with a “managed distribution policy” adopted pursuant to an exemptive order granted to the Fund by the Securities and Exchange Commission, which permitted the Fund to distribute long-term capital gains more frequently than the limits provided in the Investment Company Act and the rules and regulations thereunder. The Fund no longer intends to rely on this exemptive relief to maintain a managed distribution policy in connection with its monthly distributions.

    The Fund currently intends to make monthly cash distributions of all or a portion of its investment company taxable income (which includes ordinary income and realized net short term capital gains) to common shareholders. The Fund also intends to make annual distributions of its realized net long term capital gains, if any. The Fund, however, may make more than one capital gain distribution to avoid paying U.S. federal excise tax. A portion of each distribution may be a return of capital. Various factors will affect the level of the Fund’s income. To permit the Fund to maintain more stable distributions, the Fund may from time to time distribute more or less than the entire amount of income earned in a particular period. The Fund’s distribution policy may be modified from time to time by the Board as it deems appropriate, including in light of market and economic conditions and the Fund’s current, expected and historical earnings and investment performance. Because the Fund’s monthly distributions are subject to modification by the Board at any time and the Fund’s income will fluctuate, there can be no assurance that the Fund will pay distributions at a particular rate or frequency.

    Based on the accounting records of the Fund currently available, each of the distributions paid to common shareholders in 2025 would be deemed 100% from paid-in capital on a book basis. This does not represent information for tax reporting purposes. The estimated components of each distribution are updated and provided to shareholders of record in a notice accompanying the distribution and are available on our website (www.gabelli.com). The final determination of the sources of all distributions in 2025 will be made after year end and can vary from the monthly estimates. Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution. All individual shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2025 distributions in early 2026 via Form 1099-DIV.

    Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For more information regarding the Fund’s distribution policy and other information about the Fund, call:

    Carter Austin
    (914) 921-5475

    About The Gabelli Multimedia Trust
    The Gabelli Multimedia Trust Inc. is a non-diversified, closed-end management investment company with $194 million in total net assets whose primary investment objective is long-term growth of capital. The Fund is managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors, Inc. (OTCQX: GAMI).

    NYSE: GGT
    CUSIP – 36239Q109

    Investor Relations Contact:
    Carter Austin
    (914) 921-5475
    caustin@gabelli.com

    The MIL Network –

  • MIL-OSI United Kingdom: Greens call for public apology to Gypsy Traveller community for ‘Tinker Experiment’

    Source: Scottish Greens

    15 May 2025 Human Rights

    The Scottish Government must apologise for decades of persecution.

    More in Human Rights

    The Scottish Government must apologise for the historic treatment of Scotland’s Gypsy Traveller community as part of the controversial ‘Tinker Experiment’, say the Scottish Greens.

    Scottish Green MSP Mark Ruskell urged Ministers to publicly address the decades of distress caused to traveller communities by ‘the Tinker Experiment’ in a General Question asked in the Chamber today.

    This state-sponsored operation, which ran from the 1940s until the 1980s, threatened to take travellers’ children into care if they did not give up their way of life. It forced travellers to move into low quality prefabricated accommodation, often with no running water, heating or electricity, ghettoising them and tearing their communities apart.

    Mr Ruskell said:

    “Generations of families have been impacted by disgraceful persecution at the hands of the British state. People who could have thrived within their unique culture were split up, put into slum housing and shunned by local communities.

    “I have heard first-hand from a constituent about the severe physical and mental health impacts caused by the many years of racist abuse and inhumane housing conditions they had to endure, and the scars of mistreatment to the traveller community are still felt and added to in society today.

    “Scotland should be ashamed that it had a role in what was known as the ‘Tinker Experiment’. It is only right that the state apologises for its actions and commits to making meaningful improvements to the lives of those affected by it.”

    MIL OSI United Kingdom –

  • MIL-OSI USA: Garamendi, DeSaulnier Lead Letter to Reinstate $19 million in Contra Costa Federal Funding Cut by Trump’s EPA

    Source: United States House of Representatives – Congressman John Garamendi – Representing California’s 3rd Congressional District

    WASHINGTON, D.C. — This week, Representative John Garamendi (D-CA-08) and Representative Mark DeSaulnier (D-CA-10) called on the Environmental Protection Agency (EPA) to immediately reverse its termination of the $19.1 million Community Change Grant awarded to Contra Costa County for its North Richmond Community Resilience Initiative. In a letter to the EPA, the lawmakers detailed serious violations of federal appropriations law, federal court injunctions, and expressed concerns over the Agency’s lack of transparency throughout the termination process.

    This funding came from the Inflation Reduction Act’s Community Change Grants Program—the largest national investment in environmental and climate justice—and was allocated directly into the community for the North Richmond Community Resilience Initiative. The project aimed to build a resiliency center for emergencies and natural disasters, and to plant 65 trees along the Verde Elementary schoolyard to shield students from pollution caused by a new distribution center.

    In the letter, the lawmakers wrote, “Given the grave nature of these flagrant violations of federal appropriations law, federal court orders, and EPA’s contract with Contra Costa County, we expect that EPA will fully and quickly reinstate Contra Costa County’s Community Change Grant. In addition, we request your immediate attention regarding EPA’s lack of transparency and communication with Contra Costa County.”

    “The EPA’s decision to revoke critical funding for North Richmond’s environmental resilience without lawful justification or proper notice is a serious violation of Congress’s constitutional spending authority and federal law,” said Congressman Garamendi. “This funding was not a suggestion. Congress mandated that these funds be delivered to frontline communities like North Richmond, which continue to suffer the health impacts of extreme pollution. EPA’s actions are not only unlawful, but they endanger the health and future of some of our nation’s most vulnerable residents.”

    “The people of North Richmond deserve better. They deserve clean air, safe communities, and a government that honors its commitments. EPA must immediately reinstate this grant, comply with the law, and provide a full accounting of how such an egregious lapse in transparency occurred,” continued Garamendi. “We will not stand by as legally appropriated funds are withheld from communities who need them most.”

    “The Trump Administration’s cancellation of congressionally appropriated funds, like grant funding for a project in Contra Costa County, is illegal, unconstitutional, and harmful to our communities,” said Congressman DeSaulnier. “I am proud to stand with Congressman Garamendi to demand that it be fully reinstated in order to protect the health and safety of the community.”

    “The EPA’s illegal cancellation of a $19 million grant for North Richmond robs the community of the benefits it would receive from these resources. This grant would improve the health, well-being and quality of life for the residents of one of the Bay Area’s lowest-income communities which is severely impacted by industrial air pollution,” said Contra Costa County Supervisor John Gioia, who represents North Richmond.

    The full text of the letter can be found here and below. 

    The Honorable Lee M. Zeldin  

    Administrator  

    Environmental Protection Agency  

    1200 Pennsylvania Avenue NW  

    Washington, DC 20460  

    Dear Administrator Zeldin:  

    We write concerning the Environmental Protection Agency’s (EPA) apparent cancellation of the $19.1 million Community Change Grant awarded to Contra Costa County for its North Richmond Community Resilience Initiative. We believe this termination blatantly violates federal appropriations law, recent federal court injunctions, and EPA’s contract with Contra Costa County. In addition, by failing to provide a written notice of termination to Contra Costa County detailing the reasons for termination, EPA has flouted the Code of Federal Regulations. We expect that you will immediately rescind the grant termination and conduct a comprehensive investigation into the lack of transparency in EPA’s termination process.  

    The North Richmond Community Resilience Initiative is one of 105 selected applications for the Community Change Grants Program, funded through the Inflation Reduction Act of 2022 (P.L.117-169). Through the Inflation Reduction Act of 2022, Congress issued a statutory mandate that the appropriated funds be distributed to communities with industrial facilities for the purpose of reducing air pollution. By terminating awarded Community Change Grant funding and failing to disburse these Congressionally appropriated funds, EPA is in clear violation of the Congressional Budget and Impoundment Control Act of 1974 (P.L.93-344) and Congress’s spending authority as outlined in Article 1 of the U.S. Constitution. In addition, multiple federal district courts have enjoined the Trump Administration, and specifically EPA, from canceling Congressionally appropriated funds. If EPA continues to proceed with the termination of federal funds, the Agency will be acting in contempt of court orders.  

    In addition to these violations of federal appropriations law and federal court injunctions, the cancellation of Contra Costa County’s grant breaches EPA’s own contract with Contra Costa County. An April 2, 2025, email from EPA’s Office of Congressional Affairs to the Office of Congressman John Garamendi states, “The agency determined that this application no longer supports Administration priorities and the award has been cancelled. We have already conveyed this information to the grantee.” Yet, Contra Costa County’s grant agreement with EPA, signed on January 6th, 2025, does not include a clause allowing termination on the grounds of a change in administration priorities. The EPA General Terms and Conditions applicable to Contra Costa County’s contract clearly state that termination can only occur:  

    If the recipient or subrecipient fails to comply with the terms and conditions of the award, including statutory or regulatory requirements;  

    With the consent of the recipient when both the recipient and the EPA agree upon the termination conditions, which include the effective date and, in the case of partial termination, the portion to be terminated;  

    If a recipient sends the EPA a written notification of the reasons for such termination, the effective date, and in the case of partial termination, the portion to be terminated;  

    Pursuant to the programmatic terms and conditions specified in the Federal award.  

    EPA’s cited reasoning for cancelling Contra Costa County’s grant does not align with any of the termination conditions outlined above. Thus, EPA is in breach of their contract with Contra Costa County.  

    Concerningly, Contra Costa County reports that the EPA did not provide them with a notice of termination for their grant prior to freezing their funding. This is a clear violation of the Code of Federal Regulations (2 CFR 200.341), which requires Federal agencies to provide grant recipients with a written notice of termination, including a detailed justification for the reasons for termination. The Administration has repeatedly stated it is the “most transparent administration in history,” yet EPA failed to complete the most rudimentary notification of grant termination. EPA’s lack of communication with Contra Costa County is deeply alarming and provides further evidence of a greater culture of deliberate obscurity by EPA.  

    North Richmond is an unincorporated area of Contra Costa County, situated along the Bay Area’s “refinery corridor.” This community faces extreme air pollution exposure due to refining activity, port operations, freight traffic, a chemical plant and various industry and on-road emissions. Without prompt action, North Richmond will continue experiencing significant public health risks and environmental degradation. The North Richmond Community Resilience Initiative was intended to address this rising threat by reducing public exposure to harmful pollutants, improving air quality, increasing energy efficiency, and advancing emergency preparedness. Now, with the status of $19.1 million in federal funding for the Initiative in question, it is unclear whether there is a viable path forward for the Initiative.  

    Given the grave nature of these seemingly flagrant violations of federal appropriations law, federal court orders, and EPA’s contract with Contra Costa County, we expect that EPA will fully and quickly reinstate Contra Costa County’s Community Change Grant. In addition, we request your immediate attention regarding EPA’s lack of transparency and communication with Contra Costa County. Thank you for your consideration, we await your timely response.  

    ### 

     

    MIL OSI USA News –

  • MIL-OSI USA: Rep. Garamendi, Sen. Mark Kelly, Sen. Young, Rep. Trent Kelly Introduce SHIPS for America Act to Boost American Shipbuilding, Strengthen US Economy and National Security

    Source: United States House of Representatives – Congressman John Garamendi – Representing California’s 3rd Congressional District

    WASHINGTON D.C – Today, Representative John Garamendi (D-CA-8), Senator Mark Kelly (D-AZ), Senator Todd Young (R-IN), and Representative Trent Kelly (R-MS-1) re-introduced the Shipbuilding and Harbor Infrastructure for Prosperity and Security (SHIPS) for America Act, comprehensive legislation to revitalize the United States shipbuilding and commercial maritime industries.

    There are currently 80 U.S.-flagged vessels in international commerce while China has 5,500. The SHIPS for America Act aims to close this gap and boost the U.S. Merchant Marine by establishing national oversight and consistent funding for U.S. maritime policy, making U.S.-flagged vessels commercially competitive in international commerce by cutting red tape, rebuilding the U.S. shipyard industrial base, and expanding and strengthening mariner and shipyard worker recruitment, training, and retention.  

    “With China’s growing influence in the global maritime sector, the United States can no longer afford to overlook our maritime industries. The SHIPS for America Act will give our shipyards and merchant mariners the tools they need to rebuild America’s maritime industry and create good-paying American jobs,” said Congressman John Garamendi. “I’m proud to lead this effort alongside Senator Kelly, Senator Young, and Representative Kelly to strengthen America’s national security, economic strength, and global leadership on the high seas.” 

    “After decades of dangerously neglecting our shipbuilding industry, we’re finally doing something about it. The SHIPS for America Act is the most ambitious effort in a generation to revitalize the U.S. shipbuilding and commercial maritime industries and counter China’s dominance over the oceans,” said Senator Kelly, a U.S. Navy veteran and the first U.S Merchant Marine Academy graduate to serve in Congress. “Building and staffing more U.S.-flagged ships will create good-paying American jobs, make our supply chains more resilient, lower costs, and strengthen our ability to resupply our military at times of war. We’ll keep working with our colleagues in Congress, this administration, and our partners in the industry to make our country safer and competitive by passing the SHIPS for America Act.”  

    “America has been a maritime nation since our founding, and seapower was a significant contributor to our rise to being the most powerful nation on earth. Unfortunately, the bottom line now is America needs more ships. Shipbuilding is a national security priority and a stopgap against foreign threats and coercion. Our bill will revitalize the U.S. maritime industry, grow our shipbuilding capacity, rebuild America’s shipyard industrial base, and support nationwide workforce development in this industry. This legislation is critical to our warfighting capabilities and keeping pace with China,” said Senator Young, a U.S. Naval Academy graduate.  

    The SHIPS for America Act would:    

    • Coordinate U.S. maritime policy by establishing the position of Maritime Security Advisor within the White House, who would lead an interagency Maritime Security Board tasked with making whole-of-government strategic decisions for how to implement a National Maritime Strategy. The bill also establishes a Maritime Security Trust Fund that would reinvest duties and fees paid by the maritime industry into maritime security programs and infrastructure supporting maritime commerce.    

    • Establish a national goal of expanding the U.S.-flag international fleet by 250 ships in 10 years by creating the Strategic Commercial Fleet Program, which would facilitate the development of a fleet of commercially operated, U.S.-flagged, American crewed, and domestically built merchant vessels that can operate competitively in international commerce.  

    • Enhance the competitiveness of U.S.-flagged vessels in international commerce by establishing a Rulemaking Committee on Commercial Maritime Regulations and Standards to cut through the U.S. Coast Guard’s bureaucracy and red tape that limits the international competitiveness of U.S.-flagged vessels, modify duties to make cargo on U.S.-flag vessel’s more competitive, requiring that government-funded cargo move aboard U.S.-flag vessels, and requiring a portion of commercial goods imported from China to move aboard U.S.-flag vessels starting in 2030.  

    • Expand the U.S. shipyard industrial base, for both military and commercial oceangoing vessels, by establishing a 25 percent investment tax credit for shipyard investments, transforming the Title XI Federal Ship Financing Program into a revolving fund, and establishing a Shipbuilding Financial Incentives program to support innovative approaches to domestic ship building and ship repair.    

    • Accelerate U.S. leadership in next-generation ship design, manufacturing processes, and ship energy systems by establishing the U.S. Center for Maritime Innovation and supporting regional hubs for maritime innovation across the country by establishing a Maritime Prosperity Zone program.    

    • Make historic investments in maritime workforce by supporting a Maritime Workforce Promotion and Recruitment Campaign, allowing mariners to retain their credentials through a newly established Merchant Marine Career Retention Program, investing in long-overdue infrastructure needs for the U.S. Merchant Marine Academy, and supporting State Maritime Academies and Centers for Excellence for Domestic Maritime Workforce Training and Education. The bill also makes long-overdue changes to streamline and modernize the U.S. Coast Guard’s Merchant Mariner Credentialing system.    

    The legislation will be introduced in two pieces in the Senate, the SHIPS for America Act and the Building SHIPS in America Act.  

    Background:  

    Since introducing the SHIPS for America Act in December, the urgency to boost American shipbuilding has emerged as a priority of bipartisan consensus this year, particularly after the USTR revealed its findings regarding China’s shipbuilding dominance and President Trump’s signing of his shipbuilding executive order.  

    Sen. Kelly earned his B.S. degree in marine engineering and nautical science from the United States Merchant Marine Academy (USMMA) and later an M.S. degree in aeronautical engineering from the United States Naval Postgraduate School. He spent 25 years in the United States Navy as a pilot and is the first ever USMMA alumnus to serve in Congress. In 2023, he was elected chair of the USMMA Board of Visitors for the 118th Congress.  

    See a full list of endorsing statements from maritime leaders and stakeholders here.  

    ### 

     

    MIL OSI USA News –

  • MIL-OSI USA: ICE Rio Grande Valley, federal partners investigation results in 4 Mexican fishermen indicted for illegal red snapper harvesting in US waters

    Source: US Immigration and Customs Enforcement

    BROWNSVILLE, Texas — A South Texas grand jury indicted a crew of four men from Matamoros, Mexico, for unlawfully transporting fish taken from the Gulf of America, following an investigation conducted by U.S. Immigration and Customs Enforcement, U.S. Coast Guard and the Drug Enforcement Administration.

    Miguel Angel Ramirez-Vidal, 32; Jesus David Luna-Marquez, 20; Jesus Roberto Morales-Amador, 27; and Jose Daniel Santiago-Mendoza, 22, arrested following the filing of a criminal complaint and are scheduled to appear for arraignment before U.S. Magistrate Judge Karen Betancourt at 1:45 p.m., May 22.

    According to court documents, on April 17, the crew of four allegedly attempted to transport and export roughly 315 kilograms of red snapper illegally taken from U.S. waters. The charges allege they intended to sell the fish in Mexico. The criminal complaint alleges authorities observed the crew’s panga-style fishing vessel in the Gulf of America, seven miles north of the U.S.-Mexico maritime boundary line and 21 miles east of South Padre Island.

    The crew was allegedly fishing with approximately four kilometers of heavy nylon fishing line and 1,200 fishing hooks. The complaint further alleges they were in an unmarked and unregistered vessel which was not flying the flag of any nation and operating without running lights. The charges allege none of the crew had a permit to fish in U.S. waters nor had a quota for red snapper, which violates federal law.

    If convicted, they face up to five years in federal prison and a possible $250,000 maximum fine. This is the first illegal fishing case to be prosecuted in the Southern District of Texas.  

    Learn more about ICE HSI’s mission to increase public safety in Central and South Texas communities on X at @HSI_SanAntonio.

    MIL OSI USA News –

  • MIL-OSI USA: ICE arrests Russian national smuggling biological material into Boston

    Source: US Immigration and Customs Enforcement

    BOSTON — U.S. Immigration and Customs Enforcement arrested a Russian national on criminal charges for allegedly attempting to smuggle clawed frog embryos and embryonic samples into the United States.

    Kseniia Petrova, 31, a Russian citizen, was charged by criminal complaint with one count of smuggling goods into the United States. Petrova was taken into immigration custody on Feb. 16, 2025, and arrested May 14 by ICE Homeland Security Investigations special agents on the criminal charge.

    “As alleged in the evidence presented in the charging documents, Petrova was aware of her requirement to declare biological material brought into the United States. These laws aren’t arbitrary, they protect the safety of the public from dangerous and unregulated biological specimens entering the country and posing a threat to public health and agriculture. Nobody is exempt from these regulations, and nobody should be surprised to find these critical laws being enforced when they’re willfully broken,” said ICE HSI New England Special Agent in Charge Michael J. Krol.

    According to the charging documents, on Feb. 16, 2025, Petrova arrived at Logan International Airport in Boston via an inbound flight from Paris. Upon her arrival, Petrova was stopped by U.S. Customs and Border Protection agents after a law enforcement canine allegedly alerted its handler to the defendant’s checked duffel bag on the baggage carousel. Per protocol, law enforcement removed the bag from the carousel and brought it to an agricultural secondary inspection area for further screening. There, an officer inspected the contents of the bag and allegedly discovered the biological items: a foam box containing clawed frog embryos in microcentrifuges, as well as embryonic samples in paraffin well stages and on mounted dyed slides. All biological products require a permit for entry and require the individual to make a declaration to CBP at the port of first arrival.

    It is alleged that, when approached by law enforcement, Petrova initially denied carrying any biological material in her checked baggage. However, when asked again, Petrova allegedly admitted that she was carrying biological material. During an interview under oath, Petrova allegedly claimed to be unsure that she was required to declare biological material when entering the United States.

    According to the charging documents, however, Petrova’s phone revealed text messages from an individual identified as one of Petrova’s colleagues informing Petrova that she was required to declare the biological material:

    “if you bring samples or antibody back, make sure you get the permission etc. Like that link I sent to leon-/group chat about frog embryos because TSA went through my bags at customs in Boston;” and

    “What is your plan to pass the American Customs with samples? This is the most delicate place of the trajectory.”

    It is alleged that in another text message conversation with an individual identified as her principal investigator, Petrova was asked how she planned to get through customs with the biological samples, to which she replied: “No plan yet. I won’t be able to swallow them.”

    Petrova was thereafter advised that she was ineligible for entry to the United States. It is alleged that, when asked if she wished to willingly withdraw her application for admission, Petrova responded in the affirmative before being taken into custody by immigration officials.

    According to the charging documents, the defendant was recently employed by the Institute of Genetic Biology in Moscow from 2023 to 2024 and previously served as a bioinformatician of genetic disorders at the Moscow Center for Genetics from 2016 to 2023.

    The charge of smuggling goods into the United States provides for a sentence of up to 20 years in prison, a term of up to five years of supervised release, and a fine of up to $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    HSI New England’s National Security group and CBP New England led the investigation. Valuable assistance was provided by HSI New Orleans and the U.S. Marshals Service in Louisiana.

    The details contained in the charging documents are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

    MIL OSI USA News –

  • MIL-OSI USA: SPC May 15, 2025 Day 4-8 Severe Weather Outlook

    Source: US National Oceanic and Atmospheric Administration

    Day 4-8 Severe Weather Outlook Issued on May 15, 2025

    Updated: Thu May 15 09:01:03 UTC 2025

     .

    D4
    Sun, May 18, 2025 – Mon, May 19, 2025
    D7
    Wed, May 21, 2025 – Thu, May 22, 2025

    D5
    Mon, May 19, 2025 – Tue, May 20, 2025
    D8
    Thu, May 22, 2025 – Fri, May 23, 2025

    D6
    Tue, May 20, 2025 – Wed, May 21, 2025
    (All days are valid from 12 UTC – 12 UTC the following day)

    Note: A severe weather area depicted in the Day 4-8 period indicates 15%, 30% or higher probability for severe thunderstorms within 25 miles of any point.

    PREDICTABILITY TOO LOW is used to indicate severe storms may be possible based on some model scenarios. However, the location or occurrence of severe storms are in doubt due to: 1) large differences in the deterministic model solutions, 2) large spread in the ensemble guidance, and/or 3) minimal run-to-run continuity.

    POTENTIAL TOO LOW means the threat for a regional area of organized severe storms appears unlikely (i.e., less than 15%) for the forecast day.

     Forecast Discussion

    ZCZC SPCSWOD48 ALL
    ACUS48 KWNS 150858
    SPC AC 150858

    Day 4-8 Convective Outlook
    NWS Storm Prediction Center Norman OK
    0358 AM CDT Thu May 15 2025

    Valid 181200Z – 231200Z

    …DISCUSSION…
    Medium-range guidance indicates that the persistent, prominent
    mid/upper ridging across the mid-latitude and subtropical eastern
    Pacific will become suppressed late this coming weekend into early
    next week, before breaking down through the remainder of this
    period. As it does, amplified downstream troughing is forecast to
    emerge from the Intermountain West. Sunday, this may commence
    gradually, with one significant lead short wave perturbation
    pivoting north-northeast of the southern Rockies, accompanied by
    cyclogenesis across eastern Colorado, as an upstream perturbation
    continues to dig toward the Four Corners region. It appears that
    this trailing perturbation will then pivot across the southern
    Rockies through the central/southern Great Plains by late Monday,
    perhaps accompanied by renewed cyclogenesis across the Texas
    Panhandle into central Great Plains.

    Both days, the dryline and warm front may provide focus for
    organized severe convective development, including supercells, in
    the presence of strong deep-layer shear and thermodynamic profiles
    characterized by steep lapse rates and sizable CAPE. It appears
    that a substantive risk for strong to severe thunderstorms will
    persist into at least Tuesday, within a broadening warm sector as
    the cyclone and associated mid-level troughing shift a bit more
    rapidly eastward across the middle Mississippi Valley.

    Convective potential becomes more unclear Wednesday into Thursday as
    the cyclone likely weakens and synoptic developments become more
    uncertain across the East.

    ..Kerr.. 05/15/2025

    CLICK TO GET WUUS48 PTSD48 PRODUCT

    MIL OSI USA News –

  • MIL-OSI USA: SPC May 15, 2025 0730 UTC Day 3 Severe Thunderstorm Outlook

    Source: US National Oceanic and Atmospheric Administration

    SPC AC 150729

    Day 3 Convective Outlook
    NWS Storm Prediction Center Norman OK
    0229 AM CDT Thu May 15 2025

    Valid 171200Z – 181200Z

    …THERE IS A SLIGHT RISK OF SEVERE THUNDERSTORMS SATURDAY ACROSS
    PARTS OF EASTERN NORTH CAROLINA…EASTERN VIRGINIA…CENTRAL AND
    EASTERN MARYLAND…DELAWARE…SOUTHEASTERN PENNSYLVANIA…CENTRAL
    AND SOUTHERN NEW JERSEY AND LATE SATURDAY INTO SATURDAY NIGHT ACROSS
    PARTS OF WEST CENTRAL THROUGH NORTH CENTRAL TEXAS…EASTERN OKLAHOMA
    AND SOUTHWESTERN INTO CENTRAL ARKANSAS…

    …SUMMARY…
    Severe thunderstorms are possible Saturday across parts of the Mid
    Atlantic, and late Saturday into Saturday night across parts of the
    southeastern Great Plains.

    …Discussion…
    Downstream of a persistent, prominent mid-level ridge across the
    southern mid-latitude and subtropical eastern Pacific, models
    indicate that large-scale troughing will continue to dig inland of
    the Pacific coast through this period. It appears that this will
    include one notable embedded smaller-scale perturbation digging
    across the Sierra Nevada, toward the Four Corners, and a trailing
    perturbation digging across the Pacific Northwest coast.

    Farther downstream, it appears that one or two more modest short
    wave impulses, within a belt of westerlies emanating from the
    subtropical eastern Pacific, may accelerate across the northern
    Mexican Plateau through the southern Great Plains and lower
    Mississippi Valley, around the northwestern periphery of broad
    mid/upper ridging centered over the Gulf Basin. To the north of
    this ridge, large-scale ridging within the mid-latitude westerlies
    is forecast to overspread much of the interior U.S., with a remnant
    downstream cyclone and associated troughing progressing across parts
    of the Northeast and Mid Atlantic.

    In lower levels, models generally indicate that a significant cold
    front will advance southeast of the lower Great Lakes and Ohio
    Valley, while stalling across parts of the Mid South into central
    Great Plains. However, this is likely to be preceded by a weaker
    front, largely driven or reinforced by outflow from Friday/Friday
    night convection.

    …Mid Atlantic…
    Strong convectively augmented westerly lower/mid-tropospheric flow
    (in excess of 50 kt in the 850-700 mb layer) is likely to spread
    east of the Allegheny and Blue Ridge Mountains, coincident with the
    convective outflow boundary by early Saturday. The extent and
    intensity of continuing convective development along the gust front
    at the outset of the period remains unclear. However, if the severe
    storm cluster from Friday night does not maintain strength with a
    continuing risk for severe wind gusts into and across the Mid
    Atlantic early Saturday, it is possible that destabilization ahead
    of the surface boundary could become sufficient for considerable
    re-intensification of thunderstorm activity along it, before it
    advances offshore.

    …Southeastern Great Plains…
    Beneath steep lower/mid-tropospheric lapse rates, models indicate
    that seasonably moist air will maintain a reservoir of large CAPE
    along and south of the initial pre-frontal wind shift/convective
    outflow, roughly across the Ark-La-Texas, and east of a sharpening
    dryline, across western North Texas toward the Del Rio TX area by
    late afternoon. Aided by forcing for ascent and strengthening
    westerly mid/upper flow associated with the subtropical
    perturbations, isolated to scattered supercells may initiate and
    propagate off the retreating dryline by late afternoon. Other
    strong to severe thunderstorm development is possible, aided by
    forcing for ascent associated with warm advection, where mid-level
    inhibition will be weaker along and north of the initial pre-frontal
    wind shift, and perhaps near the surface front across northern
    Oklahoma into north central Arkansas.

    ..Kerr.. 05/15/2025

    CLICK TO GET WUUS03 PTSDY3 PRODUCT

    NOTE: THE NEXT DAY 3 OUTLOOK IS SCHEDULED BY 1930Z

    MIL OSI USA News –

  • MIL-OSI USA: Working to Understand Why Mercury Levels are so High in the Arctic

    Source: US State of Connecticut

    Mercury (Hg) is a naturally occurring element found across the globe, yet it becomes highly toxic as it accumulates up the food chain. Pollution from human activities has pumped increasing amounts of mercury into the atmosphere, and for reasons that are not well understood, the Arctic region has significantly higher levels of mercury, despite having a relatively sparse population and less pollution.

    Mercury is found in the environment as both inorganic and organic compounds, such as monomethylmercury (MMHg), which is the most bioavailable form of mercury that enters the food web and accumulates to toxic levels in wildlife and humans. Most people are exposed to MMHg from seafood consumption, but in the Arctic, people are at higher risk due to the consumption of marine mammals. Climate change also impacts Hg in polar regions, especially the increased melting of ice and glaciers, bringing changing inputs of Hg to the marine waters.

    To examine the cycling of Hg in the Arctic, a team of researchers, including UConn Department of Marine Science Professor Robert Mason and his students, Yipeng He and Hannah Inman, developed a study focused at the air-sea interface to answer questions about why mercury (Hg) levels are higher in the Arctic. Their findings from a research expedition in spring 2021 are published in Science Advances.

    One focus of the study was another organic form of Hg, dimethylmercury (DMHg), which is also very toxic, says Mason, and is found predominantly in deeper ocean waters but can cycle to the surface through upwelling of these waters. DMHg doesn’t accumulate to the same degree as MMHg in the food chain as it’s a dissolved gas in water. Another focus was MMHg, which can also be found in the atmosphere attached to aerosols or in precipitation and the source of this MMHg is highly debated.

    Mason and his team collected samples in the Arctic from the water, the surface snow on top of the ice, and the ice to analyze levels of MMHg. They found the snow contained significantly higher concentrations than the ice. (Contributed photo)

    Mason says some have wondered if this MMHg is the result of reactions taking place in the precipitation or in the atmosphere. Earlier studies found higher concentrations of mercury off the coast of California in cloud water and speculated about its sources so Mason says he and his research team were interested in focusing on the exchange of MMHg and DMHg at the sea-air interface in the Arctic to see if they could study these puzzling aspects of mercury cycling in more detail, specifically if DMHg originating from the upwelling of deep-sea waters in this area plays a critical role in how much MMHg ends up in the Arctic Ocean waters and in marine organisms.

    “Dimethylmercury can be lost from the ocean if it’s at high concentrations in the surface waters. The idea put forward was that in California, there must be an upwelling of deep ocean water to the surface that brings the dimethylmercury to the surface. However, no one had put all the bits together in one study,” Mason says.

    This is the first study to make all of the measurements in the atmosphere and seawater at the same time to piece together this dynamic puzzle and emphasizes the impacts DMHg can play in ecosystems far from the source.

    Mason says a key aspect of this research that enabled them to assemble the clues was the ability to take constant measurements of the forms of Hg in the atmosphere and surface waters while aboard a research cruise, and taking advantage of a new instrument his research group developed that allows for continuous, high-resolution collection of DMHg while the ship is moving.

    “Most research ships have a way of bringing surface water into the ship to measure the temperature, salinity, nutrients, and other chemicals. We developed an DMHg analyzer that could take a measurement every hour, and that was something no one had been able to do previously,” he says.

    The sampling took place aboard the research vessel Sikuliaq, which set off from Dutch Harbor, Alaska into the Bering and Chukchi Seas as far north as the ship could go because of ice, and then returned back to Seward, Alaska. Weather conditions and aspects of the landscape, such as permafrost, and the seascape, such as glaciers and sea ice impact mercury’s movement through Arctic ecosystems, and its transport from the atmosphere and terrestrial environment to the marine waters. On the return trip, the ship encountered upwelled waters off the coast of the Aleutian Islands. Here, the researchers found high concentrations of DMHg. Mason explains that DMHg is unstable in sunlight and is degraded to MMHg in surface waters.

    “Basically, the rate at which DMHg is coming up from the deep ocean to the surface has to be greater than the rate at which it’s being decomposed for it to escape to the atmosphere,” says Mason. “We took measurements of it and MMHg in the surface water, in the rain, and in the aerosols and found very high concentrations close to the source. Further north there was no more upwelling and the surface water sampled would have been sitting there since the ice retreated. Given that we were there in May and June, and we were following the retreating ice, the surface water is fresher because of the melting ice, and there’s very little mixing of that water because of density differences.”

    The cruise navigated through relatively shallow water and about 15 miles into ice, which Mason said was around a meter thick. As long as the coast was clear of polar bears, the researchers took turns leaving the ship to collect samples. Mason and his team collected samples from the water, the surface snow on top of the ice, and the ice. They tested the samples for MMHg and found the snow contained significantly higher concentrations than the ice.

    “The higher concentrations in this surface snow, which had been recently deposited on the ice, demonstrates the removal of methylmercury from the atmosphere, and that’s part of the story of why we saw decreasing concentrations away from the source,” says Mason.

    They determined the DMHg is coming out of the ocean, is transported north, and then degraded in the atmosphere to MMHg. This MMHg is then attached to the aerosol particles and removed by precipitation.

    “Our study showed that the amount of DMHg evaded to the atmosphere from the upwelling region was enough to account for the MMHg in the precipitation and aerosols over thousands of kilometers from the source,” says Mason.

    He explains that this makes it a complicated story, and is what has been the focus of much of his research on the exchange of Hg between the ocean and the atmosphere.

    “In addition to DMHg, elemental Hg is also a dissolved gas in water and its loss to the atmosphere is a major removal mechanism for ocean Hg. Inorganic Hg comes into the ocean from the atmosphere primarily, although in the Arctic coastal inputs from rivers, glaciers and groundwater are more important than other oceans,” says Mason. “Overall, Hg is moving back and forth all the time between the ocean and the atmosphere and the net input of inorganic Hg and MMHg is what controls the amount of MMHg in ocean waters and its bioaccumulation into organisms consumed by humans and wildlife.”

    MIL OSI USA News –

  • MIL-OSI USA: Neag School Receives $42K During UConn Gives 2025

    Source: US State of Connecticut

    Thanks to about 550 individuals, the Neag School of Education garnered over $27,000 in contributions during UConn Gives 2025, along with $15,000 in challenges and matching gifts. The annual University-wide fundraising event raised about $5.4 million overall for UConn, with incoming donations to support everything from scholarships and academic programs to student groups and athletics. The Neag School promoted its different education-affiliated funds during this year’s event, held on April 21 and 22. Out of the 42 Neag School funds, the top three finishers were:

    • UConn Husky Nutrition & Sport – $16,425 from 394 donors, including a $1,000 matching gift from Heather McDonald ’23 Ed.D., plus $10,000 from the President’s and Provost’s Project Leaderboard Challenge
    • Dr. Sue Saunders Higher Education & Student Affairs (HESA) Professional Development Fund – $2,550 from 84 donors, including a $500 matching gift from Saunders
    • Neag School Dean’s Fund – $1,242 from 12 donors, plus $5,000 from the President’s and Provost’s Unit Leaderboard Challenge

    Housed in the Neag School of Education, UConn HNS is a U.S. Department of Agriculture, AmeriCorps, small local foundation, and private donation-funded effort to engage youth, adult caregivers of children, and adults eligible to receive Supplemental Nutrition Assistance Program – Education (SNAP-Ed) in nutrition and physical education. The group collaborates with partners and educational programs across Connecticut, including a longtime partnership with the City of Hartford. Students and faculty across UConn engage with UConn HNS through academic courses; paid positions; professional and holistic development sessions; and research.

    “UConn HNS is appreciative of the efforts of its staff to spread the word and engage current students and our alumni network in UConn Gives,” says Jennifer McGarry, UConn HNS executive director and Neag School professor.  “In the current climate where many funding sources are in jeopardy, the impact of the donations and the leaderboard challenge funds is significant in our continued ability to engage with communities across the state of Connecticut.”

    The impact of the donations and the leaderboard challenge funds is significant in our continued ability to engage with communities across the state of Connecticut. &#8212 Jennifer McGarry, UConn HNS Executive Director

    This year, the Dr. Sue Saunders HESA Professional Development Fund also won a $500 matching gift challenge funded by Saunders.

    The fund was established to honor the commitment and dedication of Saunders, longtime director of the Higher Education and Student Affairs (HESA) program, and to support the development of graduate students in the program. The fund supports students who participate in professional development activities, including conferences, courses, webinars, association memberships, access to publications, research activities, and more.

    “The Dr. Sue Saunders HESA Professional Development Fund is vital in supporting the learning, growth, and development of HESA master’s students,” says Adam McCready, assistant professor-in-residence in the program. “Dr. Saunders’ matching gift and the gifts from alumni and other community members ensure that HESA students can continue to have access to these transformative professional development opportunities.”

    The third project, the Neag School Dean’s Fund, benefits faculty and students by advancing teaching, research, and policy development. This fund provides the dean with flexibility in supporting cutting-edge research and the School’s best and brightest students.

    “As a crowdfunding campaign, UConn Gives is only as powerful as the people behind it and, as this year’s results show, we have incredibly passionate advocates behind the Neag School,” Dean Jason G. Irizarry says. “Thank you to every alum, faculty member, staff member, or friend of the School who supported us during UConn Gives. Your kind generosity directly impacts our students, faculty, and community partners.”

    UConn Gives 2025 may be over, but you can still offer your support. Visit education.uconn.edu/giving-to-neag to learn more. 

    UConn Gives fundraising totals are approximate and may be adjusted as gifts continue to be tallied.

    MIL OSI USA News –

  • MIL-OSI Security: Police are appealing for information following the death of two kittens

    Source: United Kingdom London Metropolitan Police

    Police issue CCTV footage of two teenagers they would like to speak with after kittens killed

    The Met is appealing for the public’s help as they release CCTV of two teenagers they want to speak to after two kittens were tortured and killed in Ruislip.

    On Saturday, 3 May police received a report from a member of the public stating that two teenagers had allegedly dismembered two kittens in Ickenham Road, Ruislip.

    Police immediately launched an investigation into the circumstances and urgent enquiries have been carried out since the first report, but unfortunately, no arrests have been possible so far.

    Police Sergeant Babs Rock from the Met has turned to the public to ask for assistance. She said: “This is an incredibly distressing incident which I know has caused concern in the local community.

    “We are currently looking to speak with a young boy, described to be 5ft6 with short dark hair. He was wearing a dark jacket with long sleeves, with blue jeans on the day of the incident. He was also seen carrying a black duffel bag, which sadly is thought to have contained the kittens.

    “We would also like to speak with the young girl, who accompanied the boy, described to be 5ft6 with long red hair. She was wearing a white top with black shorts. She was also carrying a purple jumper, which she later puts on to wear.

    “If you know these two individuals then please come forward to us, we would like to speak with them as soon as possible.”

    If you have any concerns about this incident, then you can speak with your local neighbourhood officers who will be happy to support you.

    If you have any information then please come forward to police by calling 101 stating CAD3355/03MAY. You can also call Crimestoppers on 0800 555 111 to remain anonymous.

    MIL Security OSI –

  • MIL-OSI: Cerence to Participate in Two Upcoming Investor Conferences

    Source: GlobeNewswire (MIL-OSI)

    BURLINGTON, Mass., May 15, 2025 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced that the company will participate in two upcoming investor conferences.

    On Thursday, May 29, 2025, at 10:50 a.m. ET, Tony Rodriquez, the Company’s CFO, will participate in a fireside chat at the TD Cowen 53rd Annual Technology, Media and Telecom Conference.

    On Tuesday, June 10, 2025, at 12:30 p.m. ET, Mr. Rodriquez will participate in a fireside chat at the Evercore ISI Global Automotive OEM, Dealer & Supplier Conference.

    Live webcasts of the events will be available on the Company’s website at www.cerence.ai under the “Investors” section. Replays of the webcasts will be available for 90 days after the events.

    To learn more about Cerence AI, visit www.cerence.ai, and follow the company on LinkedIn.

    About Cerence Inc.
    Cerence Inc. (NASDAQ: CRNC) is a global industry leader in creating intuitive, seamless, AI-powered experiences across automotive and transportation. Leveraging decades of innovation and expertise in voice, generative AI, and large language models, Cerence powers integrated experiences that create safer, more connected, and more enjoyable journeys for drivers and passengers alike. With more than 500 million cars shipped with Cerence technology, the company partners with leading automakers, transportation OEMs, and technology companies to advance the next generation of user experiences. Cerence is headquartered in Burlington, Massachusetts, with operations globally and a worldwide team dedicated to pushing the boundaries of AI innovation. For more information, visit www.cerence.ai.

    The MIL Network –

  • MIL-OSI: Fold Introduces the Most Convenient Way to Buy and Share Bitcoin with New Bitcoin Gift Card

    Source: GlobeNewswire (MIL-OSI)

    PHOENIX, May 15, 2025 (GLOBE NEWSWIRE) — Fold Holdings, Inc. (NASDAQ: FLD) (“Fold”), the first publicly traded bitcoin financial services company, is revolutionizing how consumers acquire and share bitcoin with the launch of the Fold Bitcoin Gift Card. Built with Fold’s proprietary technology, this innovative new offering makes buying and gifting bitcoin as simple as purchasing a traditional gift card.

    Gift cards represent an over $300 billion market, with 84% of consumers transacting with them annually. Inspired by the success of alternative financial assets in retail, such as Costco’s $200 million in monthly gold sales, Fold is paving the way for bitcoin to be integrated into the traditional gift card market.

    “Our mission is to make bitcoin simple and approachable for everyone. The Bitcoin Gift Card brings bitcoin to millions of Americans in a familiar way,” said Will Reeves, Chairman and CEO of Fold. “Available at the places people already shop, the Bitcoin Gift Card is the best way to gift bitcoin to others.”

    Starting today, the Fold Bitcoin Gift Card is available through Fold’s website at FoldApp.com/bitcoin-gift-card. In the coming months, Fold will expand the availability of the product to online and physical retail locations nationwide, making bitcoin accessible at the stores consumers know and trust.

    Fold’s Bitcoin Gift Card was developed in partnership with Totus. With access to over 150,000 points of distribution nationwide, Totus will enable Fold to distribute its Bitcoin Gift Card broadly across the nation’s retail footprint.

    About Fold

    Fold (NASDAQ: FLD) is the first publicly traded bitcoin financial services company, making it easy for individuals and businesses to earn, save, and use bitcoin. With over 1,485 BTC in its treasury, Fold is at the forefront of integrating bitcoin into everyday financial experiences. Through innovative products like the Fold App, Fold Credit Card, Bitcoin Gift Card, and Fold Card, the company is building the bridge between traditional finance and the bitcoin-powered future.

    About Totus

    Totus is the leading provider of gift card issuance and program management services for digitally native, consumer-obsessed retailers. Through the Totus Gift Card Network, retailers can reach new customers, reward existing ones, and get their brand in places it’s never been before without having to take on any of the risks or complexity.

    For investor inquiries, please contact:
    Orange Group
    Samir Jain, CFA
    FoldIR@orangegroupadvisors.com

    For media inquiries, please contact:
    Elev8
    Jessica Starman, MBA
    media@foldapp.com

    The MIL Network –

  • MIL-OSI: Bitcoin Depot Reports First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    Q1 Revenue up 19% Year-Over-Year to $164.2 Million

    Q1 Net Income up Significantly to $12.2 Million Compared to a Net Loss of $4.2 Million in the Prior Year Quarter

    Q1 Adjusted Gross Profit up 92% Year-Over-Year to $33.1 Million

    Q1 Adjusted EBITDA up 315% Year-Over-Year to $20.3 Million

    Q1 Cash from Operations of $16.3 Million

    ATLANTA, May 15, 2025 (GLOBE NEWSWIRE) — Bitcoin Depot Inc. (Nasdaq: BTM) (“Bitcoin Depot” or the “Company”), a U.S.-based Bitcoin ATM operator and leading fintech company, today reported financial results for the first quarter ended March 31, 2025. Bitcoin Depot will host a conference call and webcast at 10:00 a.m. ET today. An earnings presentation and link to the webcast will be made available at ir.bitcoindepot.com.

    “Bitcoin Depot delivered a remarkable first quarter, with 19% year-over-year revenue growth and a more than threefold increase in Adjusted EBITDA to $20 million,” said Brandon Mintz, Founder and CEO of Bitcoin Depot. “This performance demonstrates the strength of our operating model, the success of our kiosk optimization strategy, and the powerful cash flow we can generate once fixed costs are covered. In fact, with the cash generated in Q1, we strengthened our balance sheet by increasing our bitcoin holdings and building our cash balance, positioning us for continued growth and flexibility. Looking ahead, we remain focused on scaling responsibly, both domestically and internationally, while delivering sustained value to both our customers and shareholders.”

    First Quarter 2025 Financial Results

    Revenue in the first quarter of 2025 increased 19% to $164.2 million compared to $138.5 million in the first quarter of 2024. This increase was driven by increased kiosk deployment and higher median transaction size. 

    Total operating expenses declined 7% to $15.3 million for the first quarter of 2025 compared to $16.6 million for the first quarter of 2024 due to lower depreciation expense and insurance costs as the Company continues to optimize its cost structure as a steady-state public company.

    Net income for the first quarter of 2025 increased significantly to $12.2 million, compared to a net loss of $4.2 million for the first quarter of 2024. Net income attributable to common shareholders increased to $4.2 million, or $0.20 per share, from a net loss of $1.5 million, or ($0.25) per share, in last year’s first quarter. The increase was due to higher revenue and gross profit in 2025.

    Adjusted gross profit, a non-GAAP measure, in the first quarter of 2025 increased 92% to $33.1 million from $17.3 million for the first quarter of 2024. Adjusted gross profit margin, a non-GAAP measure, in the first quarter of 2025 increased approximately 770 basis points to 20.2% compared to 12.5% in the first quarter of 2024. Please see “Explanation and Reconciliation of Non-GAAP Financial Measures” below.

    Adjusted EBITDA, a non-GAAP measure, in the first quarter of 2025 increased 315% to $20.3 million compared to $4.9 million for the first quarter of 2024. The increase was primarily due to the higher revenue and gross profit. Please see “Explanation and Reconciliation of Non-GAAP Financial Measures” below.

    Cash, cash equivalents, and cryptocurrencies as of March 31, 2025, were $43.3 million compared to $31.0 million at the end of 2024. The company used $7.8 million in the first quarter of 2025 to acquire 83 more Bitcoin, bringing the total held for investment to 94.35 BTC.

    Net cash flows provided by operations in the first quarter of 2025 were up significantly to $16.3 million compared to $1.3 million in the first quarter of 2024.

    Outlook

    The Company expects revenue in the second quarter of 2025 to grow low-to-mid-single digits on a percentage basis from the second quarter of 2024.

    Conference Call

    Bitcoin Depot will hold a conference call at 10:00 a.m. Eastern time (7:00 a.m. Pacific time) today to discuss its financial results for the first quarter ended March 31, 2025.

    Call Date: Thursday, May 15, 2025 
    Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time) 

    Phone Instructions
    U.S. and Canada (toll-free): 888-596-4144
    U.S. (toll): 646-968-2525
    Conference ID: 4520708

    Webcast Instructions
    Webcast link: https://edge.media-server.com/mmc/p/akdxpm7o

    A replay of the call will be available beginning after 2:00 p.m. Eastern time through May 22, 2025.

    U.S. & Canada (toll-free) replay number: 800-770-2030
    U.S. toll number: 609-800-9909
    Conference ID: 4520708

    If you have any difficulty connecting with the conference call, please contact Bitcoin Depot’s investor relations team at 1-949-574-3860.

    About Bitcoin Depot

    Bitcoin Depot Inc. (Nasdaq: BTM) was founded in 2016 with the mission to connect those who prefer to use cash to the broader, digital financial system. Bitcoin Depot provides its users with simple, efficient and intuitive means of converting cash into Bitcoin, which users can deploy in the payments, spending and investing space. Users can convert cash to bitcoin at Bitcoin Depot kiosks in 48 states and at thousands of name-brand retail locations in 29 states through its BDCheckout product. The Company has the largest market share in North America with over 8,400 kiosk locations as of February 25, 2025.  Learn more at www.bitcoindepot.com. 

    Cautionary Statement Regarding Forward-Looking Statements

    This press release and any oral statements made in connection herewith include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. Forward-looking statements are any statements other than statements of historical fact, and include, but are not limited to, statements regarding the expectations of plans, business strategies, objectives and growth and anticipated financial and operational performance, including our growth strategy and ability to increase deployment of our products and services, our ability to strengthen our financial profile, and worldwide growth in the adoption and use of cryptocurrencies. These forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events. Forward-looking statements are often identified by words such as “anticipate,” “appears,” “approximately,” “believe,” “continue,” “could,” “designed,” “effect,” “estimate,” “evaluate,” “expect,” “forecast,” “goal,” “initiative,” “intend,” “may,” “objective,” “outlook,“ ”plan,“ ”potential,“ ”priorities,“ ”project,“ ”pursue,“ ”seek,“ ”should,“ ”target,“ ”when,“ ”will,“ ”would,” or the negative of any of those words or similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. In making these statements, we rely upon assumptions and analysis based on our experience and perception of historical trends, current conditions, and expected future developments, as well as other factors we consider appropriate under the circumstances. We believe these judgments are reasonable, but these statements are not guarantees of any future events or financial results. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond our control.

    These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the business combination; risks relating to the uncertainty of our projected financial information; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; our ability to manage future growth; our ability to develop new products and services, bring them to market in a timely manner and make enhancements to our platform; the effects of competition on our future business; our ability to issue equity or equity-linked securities; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; and those factors described or referenced in filings with the Securities and Exchange Commission. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that we do not presently know or that we currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect our expectations, plans or forecasts of future events and views as of the date of this press release. We anticipate that subsequent events and developments will cause our assessments to change.

    We caution readers not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly or otherwise revise any forward-looking statements, whether as a result of new information, future events, or other factors that affect the subject of these statements, except where we are expressly required to do so by law. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.

       
    BITCOIN DEPOT INC.
    CONSOLIDATED STATEMENTS OF (LOSS) INCOME
    (in thousands, except share and per share amounts)
    (UNAUDITED)    		  
       
      Three Months Ended March 31,  
      2025     2024  
    Revenue $ 164,226     $ 138,539  
    Cost of revenue (excluding depreciation and amortization)   131,091       121,287  
    Operating expenses:          
    Selling, general, and administrative   13,440       13,606  
    Depreciation and amortization   1,897       2,947  
    Total operating expenses   15,337       16,553  
    Income from operations   17,798       699  
    Other (expense) income:          
    Interest (expense)   (3,068 )     (4,944 )
    Other income (expense)   (1,090 )     6  
    Gain (loss) on foreign currency transactions   (13 )     (127 )
    Income (Loss) before provision for income taxes and non-controlling interest   13,627       (4,366 )
    Income tax (expense) benefit   (1,452 )     138  
    Net income (loss) $ 12,175     $ (4,228 )
    Net income (loss) attributable to non-controlling interest   7,983       (2,690 )
    Net income (loss) attributable to common stockholders $ 4,192     $ (1,538 )
               
    Net income per share of common stock – basic and diluted $ 0.20     $ (0.25 )
               
    Weighted average number of common shares outstanding – basic and diluted   21,359,864       16,616,864  
       
    BITCOIN DEPOT INC.
    CONSOLIDATED BALANCE SHEETS
    (in thousands, except share and per share amounts)    		  
       
                 
        March 31, 2025
    (unaudited)    		     December 31,
    2024    		  
    Assets            
    Current:            
    Cash and cash equivalents   $ 34,962     $ 29,472  
    Cryptocurrencies     8,384       1,510  
    Accounts receivable     147       275  
    Prepaid expenses and other current assets     2,111       3,076  
    Total current assets     45,604       34,333  
    Property and equipment:            
    Furniture and fixtures     635       635  
    Leasehold improvements     172       172  
    Kiosk machines – owned     37,854       36,831  
    Kiosk machines – leased     8,954       10,367  
    Total property and equipment     47,615       48,005  
    Less: accumulated depreciation     (21,916 )     (21,158 )
    Total property and equipment, net     25,699       26,847  
    Intangible assets, net     1,946       2,320  
    Goodwill     8,717       8,717  
    Operating lease right-of-use assets, net     2,336       2,595  
    Deposits     859       734  
    Deferred tax assets     4,558       4,558  
    Total assets   $ 89,719     $ 80,104  
       
    BITCOIN DEPOT INC.
    CONSOLIDATED BALANCE SHEETS
    (in thousands, except share and per share amounts)    		  
       
           
        March 31, 2025
    (unaudited)    		     December 31, 2024  
    Liabilities and Stockholders’ (Deficit) Equity            
    Current:            
    Accounts payable   $ 9,200     $ 11,557  
    Accrued expenses and other current liabilities     14,060       14,260  
    Notes payable, current portion     8,535       6,022  
    Income taxes payable     3,328       2,207  
    Deferred revenue     301       20  
    Operating lease liabilities, current portion     818       858  
    Current installments of obligations under finance leases     3,431       3,446  
    Other non-income tax payable     2,259       2,259  
    Total current liabilities     41,932       40,629  
    Long-term liabilities            
    Notes payable, non-current     46,946       49,457  
    Operating lease liabilities, non-current     1,534       1,774  
    Obligations under finance leases, non-current     1,119       1,950  
    Deferred income tax, net     604       604  
    Tax receivable agreement liability due to related party, non-current     2,176       2,176  
    Total Liabilities     94,311       96,590  
    Commitments and Contingencies (Note 19)            
    Stockholders’ (Deficit) Equity            
    Series A Preferred Stock, $0.0001 par value; 50,000,000 authorized, 0 and 1,733,884 shares issued and outstanding, at March 31, 2025 and December 31, 2024, respectively     —       —  
    Class A common stock, $0.0001 par value; 800,000,000 authorized, 22,746,330 and 19,263,164 shares issued, and 22,555,710 and 19,072,544 shares outstanding at March 31, 2025 and December 31, 2024, respectively     2       1  
    Class E common stock, $0.0001 par value; 2,250,000 authorized, 0 and 1,075,761 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively     —       —  
    Class V common stock, $0.0001 par value; 300,000,000 authorized, 41,193,024 shares issued and outstanding at March 31, 2025 and December 31, 2024     4       4  
    Treasury stock     (437 )     (437 )
    Additional paid-in capital     22,829       21,491  
    Accumulated deficit     (39,304 )     (44,349 )
    Accumulated other comprehensive loss     (256 )     (342 )
    Total Stockholders’ (Deficit) Attributable to Bitcoin Depot Inc.     (17,162 )     (23,632 )
    Equity attributable to non-controlling interests     12,570       7,146  
    Total Stockholders’ (Deficit) Equity     (4,592 )     (16,486 )
    Total Liabilities and Stockholders’ (Deficit) Equity   $ 89,719     $ 80,104  
       
    BITCOIN DEPOT INC.
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (in thousands, except share and per share amounts)
     (UNAUDITED)    		  
       
        Three Months Ended March 31,  
        2025     2024  
    Cash flows from Operating Activities:            
    Net income (loss)   $ 12,175     $ (4,228 )
    Adjustments to reconcile net income (loss) to net cash provided by operating activities:            
    Amortization of deferred financing costs     204       544  
    Depreciation and amortization     1,897       2,947  
    Non-cash share-based compensation     368       897  
    Purchase of services in cryptocurrencies     268       347  
    Unrealized loss on cryptocurrencies     1,650       —  
    Deferred taxes     —       5  
    Write-off of deferred financing costs     —       3,136  
    Loss on disposal of property and equipment     9       26  
    Reduction in carrying amount of right-of-use assets     215       49  
    Cryptocurrency received as payment     (290 )     (485 )
    Other            
    Change in operating assets and liabilities:            
    Deposits     (124 )     (165 )
    Accounts receivable     128       (104 )
    Cryptocurrencies     173       409  
    Prepaid expenses and other current assets     965       (364 )
    Accounts payable     (2,357 )     2,241  
    Accrued expenses and other current liabilities     (198 )     (4,524 )
    Income taxes payable     1,121       61  
    Other non-income tax payable     —       2  
    Deferred revenue     281       615  
    Operating leases, net     (235 )     (62 )
    Net Cash Flows Provided by Operations     16,250       1,347  
    Cash flows from Investing Activities:            
    Acquisition of property and equipment     (385 )     (558 )
    Acquisition of Bitcoin for investment     (7,824 )     —  
    Net Cash Flows Used In Investing Activities     (8,209 )     (558 )
    Cash flows from Financing Activities:            
    Proceeds from issuance of notes payable     6,376       15,191  
    Principal payments on notes payable     (6,415 )     (639 )
    Principal payments on finance lease     (846 )     (1,896 )
    Payment of deferred financing costs     (163 )     (19 )
    Proceeds from issuance of common stock, net     978       —  
    Purchase of treasury stock     —       (158 )
    Distributions     (2,477 )     (916 )
    Net Cash Flows (Used In) Provided by Financing Activities     (2,547 )     11,563  
    Effect of exchange rate changed on cash and cash equivalents     (4 )     40  
    Net change in cash and cash equivalents     5,490       12,392  
    Cash and cash equivalents – beginning of period     29,472       29,759  
    Cash and cash equivalents – end of period   $ 34,962     $ 42,151  


    Explanation and Reconciliation of Non-GAAP Financial Measures

    Bitcoin Depot reports its financial results in accordance with accounting principles generally accepted in the United States of America (“GAAP”). This press release includes both historical and projected Adjusted EBITDA, Adjusted Gross Profit, and certain ratios and other metrics derived therefrom such as Adjusted EBITDA margin and Adjusted Gross Profit margin, which are not prepared in accordance with GAAP.

    Bitcoin Depot defines Adjusted EBITDA as net income before interest expense, income tax expense, depreciation and amortization, non-recurring expenses, share-based compensation, expenses related to the PIPE financing and miscellaneous cost adjustments. Such items are excluded from Adjusted EBITDA because these items are non-cash in nature, or because the amount and timing of these items is unpredictable, not driven by core results of operations and renders comparisons with prior periods and competitors less meaningful. In addition, Bitcoin Depot defines Adjusted Gross Profit (a non-GAAP financial measure) as revenue less cost of revenue (excluding depreciation and amortization) and depreciation and amortization adjusted to add back depreciation and amortization. Bitcoin Depot believes Adjusted EBITDA and Adjusted Gross Profit each provide useful information to investors and others in understanding and evaluating Bitcoin Depot’s results of operations, as well as provide a useful measure for period-to-period comparisons of Bitcoin Depot’s business performance. Adjusted EBITDA and Adjusted Gross Profit are each key measurements used internally by management to make operating decisions, including those related to operating expenses, evaluate performance and perform strategic and financial planning. However, you should be aware that Adjusted EBITDA and Adjusted Gross Profit are not measures of financial performance calculated in accordance with GAAP and may exclude items that are significant in understanding and assessing Bitcoin Depot’s financial results, and further, that Bitcoin Depot may incur future expenses similar to those excluded when calculating these measures. Bitcoin Depot primarily relies on GAAP results and uses both Adjusted EBITDA and Adjusted Gross Profit on a supplemental basis. Neither Adjusted EBITDA or Adjusted Gross Profit should be considered in isolation from, or as an alternative to, net income, cash flows from operations or other measures of profitability, liquidity or performance under GAAP and may not be indicative of Bitcoin Depot’s historical or future operating results. Bitcoin Depot’s computation of both Adjusted EBITDA and Adjusted Gross Profit may not be comparable to other similarly titled measures computed by other companies because not all companies calculate such measures in the same fashion. As such, undue reliance should not be placed on such measures.

    Due to the high variability and difficulty in making accurate forecasts and projections of some of the information excluded from the projections of Adjusted EBITDA, together with some of the excluded information not being ascertainable or accessible, Bitcoin Depot is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measures without unreasonable effort. Consequently, no disclosure of estimated comparable GAAP measures is included and no reconciliation of the forward-looking non-GAAP financial measures is included.

    The following table presents a reconciliation of Net (loss) income to Adjusted EBITDA for the periods indicated: 

    BITCOIN DEPOT INC.
    RECONCILIATION OF NET (LOSS) INCOME TO ADJUSTED EBITDA
    (UNAUDITED)    		  
       
        Three Months Ended March 31,  
    (in thousands)   2025     2024  
    Net (loss) income   $ 12,175     $ (4,228 )
    Adjustments:            
    Interest expense     3,068       4,944  
    Income tax expense (benefit)     1,452       (138 )
    Depreciation and amortization     1,897       2,947  
    Unrealized loss on cryptocurrency held for investment     1,094       —  
    Non-recurring expenses (1)     239       463  
    Share-based compensation     368       897  
    Adjusted EBITDA   $ 20,293     $ 4,885  
    Adjusted EBITDA margin (2)     12.4 %     3.5 %

    (1)    Comprised of non-recurring professional service fees.
    (2)    Adjusted EBITDA margin is defined as Adjusted EBITDA divided by revenue. The Company uses this measure to evaluate its overall profitability.

    The following table presents a reconciliation of revenue to Adjusted Gross Profit for the periods indicated:

    BITCOIN DEPOT INC.
    RECONCILIATION OF REVENUE TO ADJUSTED GROSS PROFIT
    (UNAUDITED)    		  
       
      Three Months Ended March 31,  
    (in thousands) 2025     2024  
    Revenue $ 164,226     $ 138,539  
    Cost of revenue (excluding depreciation and amortization) $ (131,091 )     (121,287 )
    Depreciation and amortization excluded from cost of revenue   (1,891 )     (2,881 )
    Gross Profit $ 31,244     $ 14,371  
    Adjustments:          
    Depreciation and amortization excluded from cost of revenue $ 1,891     $ 2,881  
    Adjusted Gross Profit $ 33,135     $ 17,252  
    Gross Profit Margin (1)   19.0 %     10.4 %
    Adjusted Gross Profit Margin (1)   20.2 %     12.5 %

     (1) Calculated as a percentage of revenue.

    Contacts:

    Investors 
    Cody Slach,
    Gateway Group, Inc. 
    949-574-3860 
    BTM@gateway-grp.com

    Media 
    Brenlyn Motlagh, Ryan Deloney 
    Gateway Group, Inc.
    949-574-3860 
    BTM@gateway-grp.com

    The MIL Network –

  • MIL-OSI: CORA Group Announces the Appointment of Beth McCoy to President of CORA Loyalty

    Source: GlobeNewswire (MIL-OSI)

    WARMINSTER, Pa., May 15, 2025 (GLOBE NEWSWIRE) — CORA Group (“CORA”), an operating portfolio of Jonas Software, a subsidiary of Constellation Software Inc., announced today that Beth McCoy was promoted to President of CORA Loyalty, reporting to Denis Brosnan, Portfolio CEO at CORA Group. Her primary focus will be driving organic growth and ensuring operational excellence for CORA Loyalty.

    “I am honored to lead the growth and execution for CORA Loyalty,” said Beth McCoy. “The loyalty portfolio has expanded significantly as of late, adding complementary solutions that position it for solid organic growth. Seven years spent driving business strategy and operational efficiencies at RewardOps has given me the technical and cultural insights needed to position the group for success. I look forward to collaborating with the talented team and building business opportunities across the CORA Loyalty portfolio.”

    Beth became President of RewardOps in 2022 after joining as Vice President of Partnerships in 2018. Previously, she served as the Vice President of MyAXS Inc., a Canadian Loyalty and Incentive Company, and worked with The Fairlane Group, a global leader in the development and execution of full-service customer loyalty and employee recognition programs. She will continue leading RewardOps in addition to her new responsibilities overseeing Points at Work, Carlson Marketing Solutions and building the unified CORA Loyalty brand.

    “Working with Beth and seeing firsthand the impact she has made at RewardOps has been a highlight of my career,” said Denis Brosnan, Portfolio CEO of CORA Group. “She is a natural leader, she knows the business and she will drive CORA Loyalty to the next level. Under Beth’s leadership, CORA Loyalty will continue its trajectory of growth, serving enterprise customers worldwide.”

    About CORA Group
    CORA Group is a collective organization redefining advancement through the acquisition, strengthening, and growth of over 30 independent software brands worldwide. Our roots in construction and food service have expanded to include debt collection & recovery, wine/spirits, moving/storage, loyalty, legal, and long-term care verticals. Today, we are proud to serve over 50,000 customers in 10+ markets with industry-leading enterprise software and related services. CORA operates as one of the primary operating groups under Jonas Software, a subsidiary of Constellation Software Inc. This relationship reinforces CORA’s commitment to delivering industry-leading solutions and benefiting from the extensive resources and support provided by Jonas Software and Constellation Software Inc.

    MEDIA CONTACT:
    George Chalmers
    Director, M&A Corporate Development
    george.chalmers@thecoragroup.com 
    https://www.coraloyalty.com

    The MIL Network –

  • MIL-OSI: Duos Edge AI Confirms EDC Deployment Goal in 2025

    Source: GlobeNewswire (MIL-OSI)

    JACKSONVILLE, Fla., May 15, 2025 (GLOBE NEWSWIRE) — Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), through its operating subsidiary Duos Edge AI, Inc. (“Duos Edge AI”), a provider of adaptive, versatile and streamlined Edge Data Center (“EDC”) solutions tailored to meet evolving needs in any environment, today announced that the Company is on pace to have 15 Edge Data Centers under contract by the end of 2025. The additional deployments are a contributor toward solving the nation’s growing demand for low-latency data processing through localized digital infrastructure.

    Duos Edge AI continues to advance its partnership with Accu-Tech, whose U.S.-based project management of manufacturing partners and distribution capabilities provide a reliable and cost-effective supply chain. This alignment not only accelerates deployment timelines but also helps shield Duos Edge AI from global supply chain disruptions and tariff-related pressures, further strengthening its delivery commitment.

    “Through our partnership with Accu-Tech, we are executing with speed, precision, and reliability,” said Doug Recker, President and Founder of Duos Edge AI. “We’ve commercially identified at least nine EDC placements and are finalizing real estate and contractual agreements across multiple markets. These facilities will serve as high-density, resilient digital hubs that support education, emergency services, AI development, and more—right where they’re needed most.”

    Accu-Tech’s strategic involvement has been vital to Duos Edge AI’s rapid deployment model. “We’re proud to support Duos Edge AI with project management of domestic manufacturing and supply solutions that keep their deployments agile and shielded from global volatility,” said Nathan Ball, Senior Director of Data Center Infrastructure Solutions at Accu-Tech. “This partnership showcases the power of collaboration in accelerating innovation while remaining resilient in today’s dynamic market.”

    Duos Edge AI’s modular Edge Data Centers (EDCs) are SOC 2 Type II compliant, built with N+1 architecture and robust dual backup generators. These facilities are designed to bring reliable, localized computing power closer to users, enabling real-time data processing and improving digital access where it is needed most. The Company’s 2025 deployment plan focuses on underserved communities across Texas, the Midwest, and the Southeast—supporting critical infrastructure, education networks, healthcare systems (including telemedicine and EHR), and AI workloads.

    To learn more about Duos Edge AI, visit: www.duosedge.ai   
    To learn more about Duos Technologies, visit www.duostechnologies.com

    About Duos Edge AI, Inc.

    Duos Edge AI, Inc. is a subsidiary of Duos Technologies Group, Inc. (Nasdaq: DUOT). Duos Edge AI’s mission is to bring advanced technology to underserved communities, particularly in education, healthcare and rural industries, by deploying high-powered edge computing solutions that minimize latency and optimize performance. Duos Edge AI specializes in high-function Edge Data Center (“EDC”) solutions tailored to meet evolving needs in any environment. By focusing on providing scalable IT resources that seamlessly integrate with existing infrastructure, its solutions expand capabilities at the network edge, ensuring data uptime onsite services. With the ability to provide 100 kW+ per cabinet, rapid 90-day deployment, and continuous 24/7 data services, Duos Edge AI aims to position its edge data centers within 12 miles of end users or devices, significantly closer than traditional data centers. This approach enables timely processing of massive amounts of data for applications requiring real-time response and supporting current and future technologies without large capital investments. For more information, visit www.duosedge.ai.

    About Accu-Tech

    Accu-Tech is a national distributor of Voice, Data, AV, Wireless and Security solutions. Since 1984, Accu-Tech has delivered complete and integrated solutions for a variety of verticals and applications. Accu-Tech’s specialized experience in the Data Center market extends to solution design and selection, installation support, and customized logistics for Co-Lo, MTDC, Edge, and other applications. Accu-Tech is committed to ensuring Data Centers, and all customers, receive the innovative, future-ready, and customized solutions they require. Partnering with Accu-Tech provides customers with the peace-of-mind that the systems installed in their facilities will be high-performance and reliable. Visit www.accu-tech.com for more information.

    About Duos Technologies Group, Inc.
    Duos Technologies Group, Inc. (Nasdaq: DUOT), based in Jacksonville, Florida, through its wholly owned subsidiaries, Duos Technologies, Inc., Duos Edge AI, Inc., and Duos Energy Corporation, designs, develops, deploys and operates intelligent technology solutions for Machine Vision and Artificial Intelligence (“AI”) applications including real-time analysis of fast-moving vehicles, Edge Data Centers and power consulting. For more information, visit www.duostech.com, www.duosedge.ai and www.duosenergycorp.com.

    Forward-Looking Statements
    This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies and prospects — both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as “believe,” “expect,” “anticipate,” “should,” “planned,” “will,” “may,” “intend,” “estimated” and “potential,” among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. All forward-looking statements attributable to Duos Technologies Group, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f7f2c227-6f04-4707-9e16-91c648031c0f

    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

  • MIL-OSI: OSS Appoints Lieutenant General David Bassett (Ret.) Board Member

    Source: GlobeNewswire (MIL-OSI)

    Former Director of the Defense Contract Management Agency brings decades of defense acquisition and modernization expertise to support OSS’s AI and edge compute growth opportunities

    ESCONDIDO, Calif., May 15, 2025 (GLOBE NEWSWIRE) — One Stop Systems, Inc. (OSS or the Company) (Nasdaq: OSS), a leader in rugged Enterprise Class compute for artificial intelligence (AI), machine learning (ML) and sensor processing at the edge, today announced that it has appointed Lieutenant General David Bassett (Ret.) to its Board of Directors, effective May 14, 2025. OSS’s Board of Directors consists of five current directors: Mike Knowles, Greg Matz, Mike Dumont, Mitch Herbets, and David Bassett.

    “We are excited to welcome Lieutenant General Bassett to OSS’ Board of Directors,” stated OSS President and CEO, Mike Knowles. “Attracting a Director of David’s caliber reflects the significant opportunities OSS is pursuing to improve the compute power and competitive edge of the U.S. Armed Forces. His experience managing modernization efforts and Ground Combat Systems programs across the U.S. Army is well aligned with our growth initiatives, including current programs underway to improve the situational awareness of U.S. Army vehicles. I look forward to David’s contributions and guidance.”

    “I’m honored to join the Company’s Board at such a pivotal moment in defense innovation,” said Lieutenant General David Bassett (Ret.). “I believe OSS’s advanced commercial AI and edge computing technologies are critical enablers for the modernization of our military platforms. Delivering resilient capability to our soldiers means processing data at the tactical edge and the Army needs to accelerate the deployment of these commercial capabilities where speed, resiliency, and data-driven decision-making are paramount.”

    Lieutenant General David Bassett (Ret.) Bio
    Bassett currently serves as a Senior Counselor at The Cohen Group, a consulting firm based in Washington DC, where he advises on business development, regulatory affairs, and capital raising activities.   Bassett’s distinguished 35-year military career was marked by leadership in modernization efforts and the management of large-scale acquisition programs.

    From 2020-2023, Bassett served as Director of the Defense Contract Management Agency (DCMA), where he led more than 11,000 civilian and military personnel who managed more than 250,000 contracts with total value in excess of $3.5 trillion. Prior to his role at DCMA, he served as Program Executive Officer for Command, Control, and Communications-Tactical (PEO C3T), where he led the development and acquisition of the Army’s tactical network—one of the service’s top modernization priorities. Earlier, he served as Program Executive Officer for Ground Combat Systems (PEO GCS), where he led modernization efforts for the Army’s fleet of ground combat vehicles, including the Abrams, Bradley, and Stryker. His previous assignments include Deputy Program Executive Officer for Combat Support and Combat Service Support (PEO CS&CSS) and manager of the Joint Program Office, Joint Light Tactical Vehicles (JLTV).

    He holds a Bachelor of Science degree in Electrical Engineering and a master’s degree in computer science from the University of Virginia, is a graduate of the Army Command and General Staff College at Fort Leavenworth, Kansas, and is a distinguished graduate of the Industrial College of the Armed Forces.

    About One Stop Systems
    One Stop Systems, Inc. (Nasdaq: OSS) is a leader in AI enabled solutions for the demanding ‘edge’. OSS designs and manufactures Enterprise Class compute and storage products that enable rugged AI, sensor fusion and autonomous capabilities without compromise. These hardware and software platforms bring the latest data center performance to harsh and challenging applications, whether they are on land, sea or in the air.

    OSS products include ruggedized servers, compute accelerators, flash storage arrays, and storage acceleration software. These specialized compact products are used across multiple industries and applications, including autonomous trucking and farming, as well as aircraft, drones, ships and vehicles within the defense industry.

    OSS solutions address the entire AI workflow, from high-speed data acquisition to deep learning, training and large-scale inference, and have delivered many industry firsts for industrial OEM and government customers.

    As the fastest growing segment of the multi-billion-dollar edge computing market, AI enabled solutions require-and OSS delivers-the highest level of performance in the most challenging environments without compromise.

    OSS products are available directly or through global distributors. For more information, go to www.onestopsystems.com. You can also follow OSS on X, YouTube, and LinkedIn.

    Forward-Looking Statements
    One Stop Systems cautions you that statements in this press release that are not a description of historical facts are forward-looking statements. Words such as, but not limited to, “anticipate,” “aim,” “believe,” “contemplate,” “continue,” “could,” “design,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “suggest,” “strategy,” “target,” “will,” “would,” and similar expressions or phrases, or the negative of those expressions or phrases, are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements are based on the Company’s current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as a representation by One Stop Systems or its partners that any of our plans or expectations will be achieved, including but not limited to the potential and/or the results of current or future programs with defense contractors and the U.S. Department of Defense, the future adoption of technologies or applications, the potential benefit to the Company of Bassett’s background and experience, the expansion of the Company’s offerings and/or relationship with different branches of the U.S. Armed Forces. Actual results may differ from those set forth in this press release due to the risk and uncertainties inherent in our business, including risks described in our prior press releases and in our filings with the Securities and Exchange Commission (SEC), including under the heading “Risk Factors” in our latest Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

    Media Contacts:
    Robert Kalebaugh
    One Stop Systems, Inc.
    Tel (858) 518-6154
    Email contact

    Investor Relations:
    Andrew Berger
    Managing Director
    SM Berger & Company, Inc.
    Tel (216) 464-6400
    Email contact

    The MIL Network –

  • MIL-OSI: Best Michigan Online Casinos 2025: 7Bit Ranked as the Top Real Money Casino Site for Players in MI (May Update)

    Source: GlobeNewswire (MIL-OSI)

    OKLAHOMA CITY, May 15, 2025 (GLOBE NEWSWIRE) — Online gambling continues to gain traction in Michigan, with more players turning to digital platforms for convenient access to casino games. Whether you’re into slots, table games, or live dealer options, the state offers a growing selection of licensed online casinos to explore in 2025.

    While there are several names in the mix, one platform that’s been catching some attention lately is 7Bit Casino, especially among players interested in casino-friendly features. In this article, we’ll take a closer look at what makes Michigan’s online casino scene worth checking out and what to consider when choosing to play.

    “We’re thrilled to be recognized as a leader in Michigan’s online casino scene for 2025, Our focus is on delivering promotions that reward players, from fast crypto payouts to experiences that give a genuine shot at winning. Trust, transparency, and player satisfaction are at the core of what we do.”

    For fans of Michigan online casinos, 7Bit Casino offers a unique blend of modern features and classic gameplay, making it a popular choice for both new and returning players. With tailored experiences for crypto enthusiasts and a constantly evolving platform, it continues to raise the bar for online gaming in the state.

    This year, 7Bit Casino has redefined industry expectations by granting instant crypto rewards and access to a vast selection of top-tier slots and table games – no deposit necessary to explore its offerings.

    ✅CLAIM YOUR WELCOME BONUS AT 7BIT CASINO

    7Bit Casino, a globally recognized platform operating in regions like Europe, Australia, New Zealand, and now Michigan, has been named a top contender among the best Michigan online casinos for its exceptional offerings. With a welcome bonus that includes a 325% match up to 5.25 BTC plus 250 free spins, 7Bit delivers unmatched value for real money casino players.

    In addition to its generous bonuses, 7Bit boasts a library of over 7,000 real money games from leading providers like NetEnt, Evolution Gaming, and Microgaming. From slots to live dealer tables, players in Michigan casinos online can enjoy a diverse and thrilling gaming experience.

    How to Get Started with 7Bit Casino

    Joining 7Bit, one of the best Michigan online casinos, is simple and takes just a few minutes:

    • Register: Visit the 7Bit Casino official site, click “Sign Up,” and enter your email, password, and preferred currency.
    • Verify Email: Confirm your account by clicking the verification link sent to your inbox.
    • Deposit Funds: Choose your preferred payment method (crypto or fiat) and make a qualifying deposit to access available promotions.
    • Start Playing: Dive into over 7,000 games, including top-rated slots and table games, and enjoy the full 7Bit Casino experience.

    ✅SIGN UP NOW AND GRAB YOUR WAITING REWARDS AT 7BIT CASINO

    Quality of Bonuses and Promotions: Generous and Accessible

    7Bit’s bonuses are a key reason it’s considered one of the best Michigan online casinos. The welcome package offers a 325% match bonus up to 5.25 BTC plus 250 free spins across four deposits:

    • First Deposit: 100% match up to 1.5 BTC + 100 free spins.
    • Second Deposit: 75% match up to 1.25 BTC + 100 free spins.
    • Third Deposit: 50% match up to 1.5 BTC.
    • Fourth Deposit: 100% match up to 1 BTC + 50 free spins.

    Other Promotions

    • New Game Offer: 45 free spins
    • Monday Reload: 25% match bonus + 50 free spins.
    • Wednesday Free Spins: Up to 100 free spins based on deposit size.
    • Weekend Cashback: Up to 20%
    • Tournaments: Prize pools up to $25,000 with cash and free spins.
    • Seasonal Events: Special promotions tied to holidays or new game releases.
    • Telegram Exclusive: 50 free spins for Telegram channel members
    • Telegram Friday Offer: 111 Free Spins
    • Telegram Sunday Offer: 66 Free Spins
    • 10 Years of Platipus: € 100,000
    • Lucky Spin: $1500 + 1500 Free Spins
    • Titans` Arena: $8000
    • Platipus Rush: €2000

    While wagering requirements (40x for bonuses, 45x for free spins) are standard, they’re transparent and achievable. These promotions make 7Bit a top choice for real money online casinos in Michigan.

    ✅SIGN UP NOW TO CLAIM YOUR 325% WELCOME BONUS AT 7BIT CASINO

    A Player-Focused Review of 7Bit Casino

    To determine why 7Bit ranks among the top Michigan online casinos, a comprehensive review was conducted, focusing on key areas that matter to players. The evaluation criteria included:

    • Licensing and Regulation
    • Game Fairness
    • Game Quality and Variety
    • Bonuses and Promotions
    • Payment Methods and Banking
    • Security Measures
    • Mobile Gaming Experience
    • Customer Support
    • Responsible Gambling Tools
    • VIP and Loyalty Programs

    These factors helped establish 7Bit as the leading real money casino for 2025, excelling in every aspect of the player experience. Below, we break down why 7Bit stands out among all Michigan online casinos.

    Licensing: A Trusted Platform

    7Bit operates under a Curacao eGaming license (No. 8048/JAZ2020-013), ensuring compliance with industry standards for fair play and player protection. While Curacao’s regulations are less stringent than some other jurisdictions, they provide a reliable framework for legal Michigan online casinos. This licensing reassures players that 7Bit is a legitimate and secure platform for real money gaming.

    Fairness: Audited for Trust

    Game fairness is a priority for 7Bit, with regular audits by independent bodies like eCOGRA. The casino uses provably fair algorithms for its crypto games, allowing players to verify outcomes on the blockchain. Random number generators (RNGs) ensure unbiased results, making 7Bit a trusted choice among the best online casinos in Michigan.

    Quality of Games: Over 7,000 Titles

    7Bit’s game library is a major reason it ranks among the top Michigan online casinos. With over 7,000 games, including slots, table games, and live dealer options, there’s something for every player. Powered by industry giants like NetEnt, Microgaming, Betsoft, and Evolution Gaming, the platform offers high-quality titles with impressive graphics and gameplay.

    Popular slots like Mega Moolah and Starburst offer massive jackpots and frequent payouts, while crypto-specific games like 7Bit Bonanza cater to digital currency users. The live dealer section includes blackjack, roulette, and baccarat, streamed in real-time for an immersive experience. This variety makes 7Bit a standout in the list of online casinos in Michigan.

    Payment Methods and Banking: Fast and Flexible

    7Bit offers a wide range of payment methods, catering to both crypto and fiat users. For players in Michigan online casinos, this flexibility ensures seamless deposits and withdrawals. Available options include:

    • Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Etc.
    • Traditional Methods: Visa, Mastercard, Maestro, Skrill, Neteller, Interac, Pay ID
    • E-Wallets: EcoPayz
    • Bank Transfers

    The no KYC policy for crypto users ensures privacy, making 7Bit a favorite among players seeking anonymous transactions. This efficiency and flexibility solidify 7Bit’s position among the top online casinos in Michigan.

    Online Security: Player Safety First

    Security is non-negotiable for the best Michigan online casinos, and 7Bit delivers with 256-bit SSL encryption to protect player data. Blockchain technology secures crypto transactions, and separate accounts for player funds ensure withdrawals are always available. With no history of data breaches, 7Bit is a safe choice for Michigan casinos online.

    Mobile Experience: Seamless Gaming on the Go

    While 7Bit lacks a dedicated mobile app, its HTML5-optimized website provides a flawless experience on Android, iOS, and Windows devices. Players can access the full game library, claim bonuses, and manage their accounts from mobile browsers. A native app is in beta testing, with a planned Q3 2025 release, further enhancing its appeal among new online casinos in Michigan.

    Customer Support: Always Available

    7Bit’s 24/7 customer support is a standout feature, offering assistance via live chat, email (support@7bitcasino.com), and Telegram. Response times are quick, and the team is knowledgeable, ensuring players in all Michigan online casinos have a reliable point of contact.

    Responsible Gambling: Tools for Safe Play

    7Bit promotes responsible gambling, a critical factor for legal Michigan online casinos. Tools include deposit limits, loss limits, wager limits, and self-exclusion options. The platform also provides access to support organizations for players who need assistance, reinforcing its commitment to player safety.

    VIP and Loyalty Programs: Rewarding Loyalty

    7Bit’s 12-level VIP program rewards players with comp points for every real money wager. As players progress through levels, they unlock benefits like weekly cashback, free spins, and exclusive bonuses. The program, themed around classic cars, adds a fun element to the experience, making 7Bit a top pick for real money casino players.

    Why 7Bit Stands Out Among Michigan Online Casinos

    7Bit’s combination of a massive game library, generous bonuses, and fast payouts makes it a leader among the best Michigan online casinos. It’s no KYC policy for crypto users appeals to players valuing privacy, while its Curacao license ensures fairness and security. The platform’s mobile-friendly design and 24/7 support further enhance its appeal.

    Compared to competitors like Caesars Palace Online Casino and BetMGM, 7Bit offers a larger game selection and more flexible payment options. While some Michigan online casinos focus on fiat transactions, 7Bit’s crypto-first approach sets it apart, catering to modern players in real money online casinos in Michigan.

    Exploring Michigan’s Online Casino Landscape in 2025

    Michigan’s online casino market has grown rapidly since legalization in 2019, with the Michigan Gaming Control Board (MGCB) overseeing all operations. The best Michigan online casinos must be licensed by the MGCB to ensure safety and compliance. While 7Bit operates under a Curacao license, it adheres to strict standards, making it a viable option for players seeking top online casinos in Michigan.

    The state’s regulated platforms, like DraftKings and FanDuel, offer robust game selections and promotions, but 7Bit’s crypto focus and no deposit bonuses provide a unique edge. Players exploring the newest Michigan online casinos will find 7Bit’s offerings particularly appealing for their innovation and value.

    Tips for Choosing the Best Michigan Online Casinos

    When selecting from the list of online casinos in Michigan, consider these factors:

    1. Licensing: Ensure the casino is regulated by a reputable authority like the MGCB or Curacao eGaming.
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    Responsible Gambling at 7Bit Casino

    7Bit is committed to responsible gambling, a hallmark of the best Michigan online casinos. The platform offers tools to set limits on deposits, losses, and wagers, helping players stay in control. Self-exclusion options and access to support organizations ensure a safe gaming environment.

    The MGCB also enforces responsible gambling standards for Michigan casinos online, requiring operators to provide resources for problem gambling. 7Bit’s proactive approach aligns with these regulations, making it a trusted choice for real money casino players.

    The Future of Michigan Online Casinos in 2025

    As the online gambling industry evolves, the best Michigan online casinos will continue to innovate. Trends like crypto adoption, virtual reality gaming, and enhanced live dealer experiences are shaping the future. 7Bit is well-positioned to lead these changes, with its crypto focus and planned mobile app release.

    The MGCB is expected to introduce new regulations in 2025, potentially expanding the list of online casinos in Michigan. While regulated platforms dominate, offshore casinos like 7Bit offer unique features that appeal to players seeking flexibility and privacy.

    Why 7Bit Is the Top Choice for 2025

    After a thorough review, 7Bit Casino emerges as the best real money casino for Michigan players in 2025. Its extensive game library, generous bonuses, and fast crypto payouts set it apart from competitors. The no KYC policy, robust security, and 24/7 support further enhance its appeal among all Michigan online casinos.

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    Conclusion: Is 7Bit the Best for Michigan Players?

    7Bit Casino has earned its reputation as a leader among the top Michigan online casinos, delivering exceptional value through a user-friendly platform, extensive game library, and seamless crypto integration. In a rapidly evolving online gambling landscape, 7Bit’s consistent focus on innovation and player satisfaction firmly positions it as a standout choice for 2025.

    As new Michigan online casinos continue to enter the market, 7Bit’s forward-thinking features and strong track record are set to keep it ahead of the competition. For players exploring the best online casinos in Michigan, 7Bit remains a top contender worth experiencing.

    Frequently Asked Questions About The Best Michigan Online Casinos

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    A: Yes! 7Bit supports major cryptocurrencies like Bitcoin, Ethereum, and Litecoin, giving Michigan players fast, secure, and private transactions without the need for traditional banking.

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    Email: support@7bitcasino.com

    Disclaimer & Affiliate Disclosure

    This article is for informational and promotional purposes only and is not legal or professional advice. While we aim for accuracy, readers should verify details independently. We are not liable for any errors or outcomes from using this content.

    Some links may be affiliate links, meaning we may earn a commission at no extra cost to you. Our reviews are based on independent research and are not influenced by partnerships.

    7Bit Casino is not licensed in Michigan and operates offshore. Please check local laws before gambling. Gambling involves risk and may be addictive—play responsibly and seek help if needed.

    All trademarks belong to their respective owners. This content is not endorsed by any brand unless stated.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/930af038-a8e6-4ffc-a678-9fed552b28f7

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    https://www.globenewswire.com/NewsRoom/AttachmentNg/50489fcb-1edd-4d11-94ab-0086486296bc

    The MIL Network –

  • MIL-OSI: Odysight.ai Reports Financial Results for The First Quarter of 2025 and Provides Business Update

    Source: GlobeNewswire (MIL-OSI)

    OMER, Israel, May 15, 2025 (GLOBE NEWSWIRE) — Odysight.ai Inc. (NASDAQ: ODYS), a leading provider of visual based predictive maintenance (PdM) and condition-based monitoring (CBM) solutions, announces its financial results for the three months ended March 31, 2025 and provides a business update.

    Key highlights

    ● First quarter revenues totaled $2.1 million.
       
    ● Uplisted to the Nasdaq Capital Market in February 2025 and raised gross proceeds of $23.7 million.
       
      Net cash position1 of approximately $37.2 million as of March 31, 2025.
       
    ● Commercial achievements:
       
    – Partnered with Israel Railways to develop advanced AI-powered visualization system to prevent derailments and enhance railway safety.
       
    – Received an initial purchase order from a European partner for a combined industrial solution, using Odysight.ai’s sensors and machine learning algorithms, designed to monitor the condition of belts and cables used across various industrial sectors such as cranes, elevators and transportation systems.


    Einav Brenner, Chief Financial Officer of Odysight.ai:     “We’re making important strides in building the technological and operational foundations that will support our long-term growth. While some of this progress is not yet reflected in our financial results, we are focused on strengthening our infrastructure, expanding our technological capabilities, establishing relationships with global leaders in our industry and positioning ourselves for future success in Aerospace and new verticals. Our successful uplisting to Nasdaq and recent capital raise mark major milestones for the Company. These achievements not only strengthen our balance sheet, but also enhance our visibility, credibility and access to global customers and investors. We believe we are well-positioned to support our strategic initiatives and drive sustainable, long-term growth. These are investments in a differentiated value proposition — for our customers, our partners and our shareholders.”

    Financial highlights for three months ended March 31, 2025

    Revenues were approximately $2.1 million, compared to $0.2 million from the three months ended March 31, 2024. The increase was primarily attributed to the full recognition of approximately $1.7 million in revenues from the fulfillment of contract with a Fortune 500 medical company.

    Backlog2 was approximately $14.8 million as of March 31, 2025. 

    Cost of Revenues was $1.5 million, compared to $0.4 million for the three months ended March 31, 2024. The increase was primarily attributed to the approximately $1 million in cost of revenues related to the fulfillment of a contract with a Fortune 500 medical company, and to the recognition of an inventory impairment of $0.2 million.

    Gross Profit (Loss) was $0.6 million, reflecting a gross margin of 26%, compared to gross loss of $0.2 million for the three months ended March 31, 2024. The improvement is attributable to Industry 4.0 revenues and to the contract fulfillment related to a Fortune 500 medical company.

    Operating expenses were $5.1 million, compared to $3.1 million for the three months ended March 31, 2024. The increase was primarily driven by the expansion of the Company’s operations, including the development of new Industry 4.0 products and one-time expenses related to the Company’s uplisting to Nasdaq.

    Net loss was $4.3 million, compared to $3.2 million for the three months ended March 31, 2024.

    Cash Balance1 as of March 31, 2025 was $37.2 million, compared to approximately $17.0 million as of March 31, 2024. In February 2025, the Company uplisted to the Nasdaq Capital Market and completed a U.S. underwritten public offering with gross proceeds of approximately $23.7 million.

    About Odysight.ai

    Odysight.ai is pioneering the Predictive Maintenance (PdM) and Condition Based Monitoring (CBM) markets with its visualization and AI platform. Providing video sensor-based solutions for critical systems in the aviation, transportation, and energy industries, Odysight.ai leverages proven visual technologies and products from the medical industry. Odysight.ai’s unique video-based sensors, embedded software, and AI algorithms are being deployed in hard-to-reach locations and harsh environments across a variety of PdM and CBM use cases. Odysight.ai’s platform allows maintenance and operations teams visibility into areas which are inaccessible under normal operation, or where the operating ambience is not suitable for continuous real-time monitoring.

    We routinely post information that may be important to investors in the Investors section of our website. For more information, please visit: https://www.odysight.ai or follow us on Twitter, LinkedIn and YouTube.

    Backlog

    We present our results of operations in a way that we believe will be the most meaningful and useful to investors, analysts, rating agencies and others who use our financial information to evaluate our performance. Backlog is presented for supplemental informational purposes only, and is not intended to be a substitute for any GAAP financial measures, including revenue or net income (loss), and, as calculated, may not be comparable to companies in other industries or within the same industry with similarly titled measures of performance. In addition, backlog should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items. Therefore, backlog should be considered in addition to, not as a substitute for, or in isolation from, measures prepared in accordance with GAAP.

    Forward-Looking Statements

    Information set forth in this news release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including, but not limited to, statements regarding long-term growth prospects, future plans related to infrastructure, technological capabilities and relationships with global leaders and success in Aerospace and new verticals. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other comparable terminology. Those statements are based on information we have when those statements are made or our management’s current expectation and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward- looking statements. Factors that may affect our results, performance, circumstances or achievements include, but are not limited to the following: (i) market acceptance of our existing and new products, including those that utilize our micro Odysight.ai technology or offer Predictive Maintenance and Condition Based Monitoring applications, (ii) lengthy product delays in key markets, (iii) an inability to secure regulatory approvals for the sale of our products, (iv) intense competition in the medical device and related industries from much larger, multinational companies, (v) product liability claims, product malfunctions and the functionality of Odysight.ai’s solutions under all environmental conditions, (vi) our limited manufacturing capabilities and reliance on third-parties for assistance, (vii) an inability to establish sales, marketing and distribution capabilities to commercialize our products, (viii) an inability to attract and retain qualified personnel, (ix) our efforts obtain and maintain intellectual property protection covering our products, which may not be successful, (x) our reliance on a single customer that accounts for a substantial portion of our revenues, (xi) our reliance on single suppliers for certain product components, including for miniature video sensors which are suitable for our Complementary Metal Oxide Semiconductor technology products, (xii) the fact that we will need to raise additional capital to meet our business requirements in the future and that such capital raising may be costly, dilutive or difficult to obtain, (xiii) the impact of computer system failures, cyberattacks or deficiencies in our cybersecurity, (xiv) the fact that we conduct business in multiple foreign jurisdictions, exposing us to foreign currency exchange rate fluctuations, logistical, global supply chain and communications challenges, burdens and costs of compliance with foreign laws and political and economic instability in each jurisdiction, including the adoption or expansion of economic sanctions, tariffs or trade restrictions and (xv) political, economic and military instability in Israel, including the impact of Israel’s war against Hamas. These and other important factors discussed in Odysight.ai’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 26, 2025, and our other reports filed with the SEC, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Except as required under applicable securities legislation, Odysight.ai undertakes no obligation to publicly update or revise forward-looking information.

    Company Contact:

    Einav Brenner, CFO
    info@odysight.ai

    Investor Relations Contact:

    Miri Segal
    MS-IR LLC
    msegal@ms-ir.com
    Tel: +1-917-607-8654

    1Including cash, cash equivalents, short term deposits and restricted deposit/cash.

    2Backlog is measured and defined differently by companies within our industry. We refer to “backlog” as our booked orders based on purchase orders or hard commitments but not yet recognized as revenue. Backlog is not a comprehensive indicator of future revenue and is not a measure of profitability. Orders included in backlog may be cancelled or rescheduled by customers. A variety of conditions, both specific to the individual customer and generally affecting the customer’s industry, may cause customers to cancel, reduce or delay orders that were previously made or anticipated. Projects may remain in backlog for extended periods of time.

    ODYSIGHT.AI INC.
    INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

        Three months ended  
        March 31,  
        2025     2024  
        Unaudited  
        USD in thousands
    (except per share data)    		  
                 
    REVENUES     2,065       187  
    COST OF REVENUES     1,527       410  
    GROSS PROFIT (LOSS)     538       (223 )
    RESEARCH AND DEVELOPMENT EXPENSES     2,487       1,567  
    SALES AND MARKETING EXPENSES     396       234  
    GENERAL AND ADMINISTRATIVE EXPENSES     2,215       1,340  
    OPERATING LOSS     (4,560 )     (3,364 )
    FINANCING INCOME, NET     295       202  
    NET LOSS     (4,265 )     (3,162 )

     ODYSIGHT.AI INC.
    INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS

        March 31,     December 31,  
        2025     2024  
        Unaudited     Audited  
        USD in thousands  
    Assets                
                     
    CURRENT ASSETS:                
    Cash and cash equivalents     36,881       18,164  
    Restricted cash     326       –  
    Restricted deposit     –       322  
    Accounts receivable     192       1,510  
    Inventory     –       203  
    Other current assets     692       588  
    Total current assets     38,091       20,787  
                     
    NON-CURRENT ASSETS:                
    Contract fulfillment assets     –       1,017  
    Property and equipment, net     407       407  
    Operating lease right-of-use assets     995       1,113  
    Severance pay asset     254       259  
    Other non-current assets     96       96  
    Total non-current assets     1,752       2,892  
                     
    TOTAL ASSETS     39,843       23,679  
    Liabilities and shareholders’ equity                
                     
    CURRENT LIABILITIES:                
    Accounts payable     486       442  
    Contract liabilities – short term     243       702  
    Operating lease liabilities – short term     505       539  
    Accrued compensation expenses     1,456       1,124  
    Related parties     218       120  
    Other current liabilities     510       368  
    Total current liabilities     3,418       3,295  
                     
    NON-CURRENT LIABILITIES:                
    Contract liabilities – long term     –       1,373  
    Operating lease liabilities – long term     406       508  
    Liability for severance pay     254       259  
    Total non-current liabilities     660       2,140  
                     
    TOTAL LIABILITIES     4,078       5,435  
                     
    SHAREHOLDERS’ EQUITY:                
    Common stock, $0.001 par value; 300,000,000  shares authorized as of March 31, 2025, and December 31, 2024, 16,307,321 and 12,612,517 shares issued and outstanding as of March 31, 2025, and December 31, 2024, respectively     17       13  
    Additional paid-in capital     85,987       64,205  
    Accumulated deficit     (50,239 )     (45,974  
    TOTAL SHAREHOLDERS’ EQUITY     35,765       18,244  
                     
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY     39,843       23,679  

    The MIL Network –

  • MIL-OSI Economics: CarPlay Ultra, the next generation of CarPlay, begins rolling out today

    Source: Apple

    Headline: CarPlay Ultra, the next generation of CarPlay, begins rolling out today

    May 15, 2025

    UPDATE

    CarPlay Ultra, the next generation of CarPlay, begins rolling out today

    CarPlay Ultra brings the best of iPhone and the best of the car together for a deeply integrated experience, beginning with Aston Martin vehicles

    Starting today, CarPlay Ultra, the next generation of CarPlay, is available with new Aston Martin vehicle orders in the U.S. and Canada, and will be available for existing models that feature the brand’s next-generation infotainment system through a software update in the coming weeks. CarPlay Ultra builds on the capabilities of CarPlay and provides the ultimate in-car experience by deeply integrating with the vehicle to deliver the best of iPhone and the best of the car. It provides information for all of the driver’s screens, including real-time content and gauges in the instrument cluster, while reflecting the automaker’s look and feel and offering drivers a customizable experience. Many other automakers around the world are working to bring CarPlay Ultra to drivers, including newly committed brands Hyundai, Kia, and Genesis.

    “iPhone users love CarPlay, and it has transformed how people connect with their vehicles. With CarPlay Ultra, together with automakers, we are reimagining the in-car experience, making it even more unified and consistent,” said Bob Borchers, Apple’s vice president of Worldwide Product Marketing. “This next generation of CarPlay gives drivers a smarter, safer way to use their iPhone in the car, while deeply integrating with the car’s systems and showcasing the unique look and feel of each automaker. We are excited to kick off the rollout of CarPlay Ultra with Aston Martin — and this is just the beginning, with more automakers on the way.”

    Deeper Integration Than Ever Before

    CarPlay Ultra provides content for all the driver’s screens, including the instrument cluster, with dynamic and beautiful options for the speedometer, tachometer, fuel gauge, temperature gauge, and more, bringing a consistent look and feel to the entire driving experience. Drivers can choose to show information from their iPhone, like maps and media, along with information that comes from the car, such as advanced driver assistance systems and tire pressure, right in the instrument cluster.

    Drivers can also use onscreen controls, physical buttons, or Siri to manage both standard vehicle functions like the car’s radio and climate, as well as advanced, vehicle-specific features and controls like audio system configurations or performance settings, right from CarPlay, giving them a more fluid and seamless experience. CarPlay Ultra also introduces widgets powered by iPhone that perfectly fit the car’s screen or gauge cluster to provide information at a glance.

    A Design Unique to Each Automaker

    CarPlay Ultra allows automakers to express their distinct design philosophy with the look and feel their customers expect. Custom themes are crafted in close collaboration between Apple and the automaker’s design team, resulting in experiences that feel tailor-made for each vehicle. Drivers can also personalize the colors and wallpapers of themes to match their individual tastes.

    “Aston Martin is delighted to have collaborated with Apple and to be first to launch CarPlay Ultra. As a brand, our focus on world-leading performance goes beyond the traditional attributes associated with powertrains, dynamic performance, and craftsmanship. The integration of CarPlay Ultra is a clear example of the dedication to collaborate with the best companies in the world to bring unique experiences and in-vehicle capabilities to our customers. Building on our in-house state-of-the-art infotainment system, CarPlay Ultra will provide additional functionality and personalization opportunities, which place Aston Martin at the forefront of infotainment in the sector.”

    CarPlay Ultra joins CarPlay, which is beloved by drivers around the world and has fundamentally changed the way people interact with their vehicles, providing a safer, smarter way to use iPhone in the car. And just like with CarPlay, rigorous privacy measures built into iPhone apply to CarPlay Ultra.

    Availability

    • Beginning in the U.S. and Canada, CarPlay Ultra will be available for Aston Martin’s core model lineup, and will expand to include vehicles globally in the next 12 months.
    • The experience is available in new Aston Martin vehicle orders in the U.S. and Canada starting today, and will be available for existing Aston Martin vehicles in the U.S. and Canada featuring the brand’s next-generation infotainment system in the coming weeks through a software update available at local dealers.
    • CarPlay Ultra works with iPhone 12 or later running iOS 18.5 or later.
    • For more information on availability across Aston Martin’s vehicle lineup and information on updating at Aston Martin dealerships, visit media.astonmartin.com.

    Press Contacts

    Shane Bauer

    Apple

    shanebauer@apple.com

    Tania Olkhovaya

    Apple

    tolkhovaya@apple.com

    Apple Media Helpline

    media.help@apple.com

    MIL OSI Economics –

  • Israeli military strikes kill scores in Gaza, medics say

    Source: Government of India

    Source: Government of India (4)

    Israeli military strikes killed at least 60 people in the Gaza Strip on Thursday, Palestinian medics said, as the United States and Arab mediators pushed for a ceasefire deal and U.S. President Donald Trump visited the Middle East.

    Most of the victims, including women and children, were killed in Khan Younis in southern Gaza in airstrikes that hit homes and tents, they said.

    The dead included local journalist Hassan Samour, who worked for the Hamas-run Aqsa radio station and was killed along with 11 family members when their home was struck, the medics said.

    There was no immediate comment from the Israeli military, which has intensified its offensive in Gaza as it tries to eradicate Hamas in retaliation for the deadly attacks the Palestinian militant group carried out on Israel in 2023.

    Hamas said in a statement that Israel was making a “desperate attempt to negotiate under cover of fire” as indirect ceasefire talks take place between Israel and Hamas, involving Trump envoys and Qatar and Egyptian mediators in Doha.

    Israel carried out the latest strikes on the day Palestinians commemorate the “Nakba”, or catastrophe, when hundreds of thousands of people fled or were forced to flee their hometowns and villages during the 1948 Middle East war that gave birth to the state of Israel.

    With most of the 2.3 million people in Gaza internally displaced, some residents of the tiny enclave say suffering is greater now than at the time of the Nakba.

    “What we are experiencing now is even worse than the Nakba of 1948,” said Ahmed Hamad, a Palestinian in Gaza City who has been displaced multiple times.

    “The truth is, we live in a constant state of violence and displacement. Wherever we go, we face attacks. Death surrounds us everywhere.”

    ESCALATING VIOLENCE

    Palestinian health officials say the Israeli attacks have escalated since Trump started a visit on Tuesday to the Gulf states of Saudi Arabia, Qatar and the United Arab Emirates that many Palestinians had hoped he would use to push for a truce.

    The latest strikes follow attacks on Gaza on Wednesday that killed at least 80 people, local health officials said.

    Little has come of new indirect ceasefire talks between Israel and Hamas led by Trump’s envoys and Qatar and Egyptian mediators in Doha.

    Hamas says it is ready to free all the remaining hostages it is holding in Gaza in return for an end to the war, while Israeli Prime Minister Benjamin Netanyahu prefers interim truces, saying the war can only end once Hamas is eradicated.

    “At a time when mediators are exerting intensive efforts to put the negotiation back on the right track, the Zionist occupation (Israel) responds to those efforts by military pressure on innocent civilians,” the group said in a statement.

    “Israeli Prime Minister Benjamin Netanyahu wants an open-ended war and he doesn’t care about the fate of his hostages,” it said.

    Israel invaded Gaza in retaliation for the Hamas-led attack on southern Israeli communities on October 7, 2023, in which about 1,200 people were killed and 251 were taken as hostages to Gaza, according to Israeli tallies.

    Israel’s military campaign has killed more than 52,900 Palestinians, according to local health officials. It has left Gaza on the brink of famine, aid groups and international agencies say.

    A U.S.-backed humanitarian organisation will start work in Gaza by the end of May under an aid distribution plan, but has asked Israel to let the United Nations and others resume deliveries to Palestinians now until it is set up.

    No humanitarian assistance has been delivered to Gaza since March 2, and a global hunger monitor has warned that half a million people face starvation in Gaza.

    -Reuters

  • Gold prices drop sharply by Rs 2,375 per 10 grams; silver also falls

    Source: Government of India

    Source: Government of India (4)

    Gold buyers in India have a reason to cheer as prices of the yellow metal saw a significant drop on Thursday.
     
    According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold fell by Rs 2,375 per 10 grams, bringing it down to Rs 91,484 from Rs 93,859.
     
    The decline wasn’t limited to just 24-carat gold. The price of 22-carat gold also dropped, now standing at Rs 83,799 per 10 grams, down from Rs 85,975. Similarly, 18-carat gold saw its price fall to Rs 68,613 from Rs 70,394 per 10 grams.
     
    This marks a sharp turnaround from just a few weeks ago, when on April 22, the price of 24-carat gold had surged close to the Rs 1 lakh mark.
     
    Silver mirrored the downtrend seen in gold. Prices for one kilogram of silver declined by Rs 2,297 to Rs 94,103 from Rs 96,400 per kg.
     
    The fall in precious metal prices extended to the futures market as well. On the Multi Commodity Exchange (MCX), gold futures for June 5 dropped 1 per cent to Rs 91,325, while silver futures for July 4 declined by a similar margin to Rs 94,458 per kg.
     
    Market analysts attribute the fall in gold prices to easing global trade tensions, particularly between the United States and China, which had previously driven gold and silver prices higher.
     
    As geopolitical uncertainty decreases, the appeal of safe-haven assets like gold tends to weaken.
     
    In international markets, gold has dropped to its lowest level in a month. On COMEX, it was trading down by 1.1 per cent at $3,141.35 per ounce — a steep decline from its recent peak of around $3,500 per ounce recorded on April 22.
     
    -IANS