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Category: Vehicles

  • MIL-OSI Security: Second Member of San Antonio Gun Theft Ring Sentenced to Federal Prison

    Source: Office of United States Attorneys

    SAN ANTONIO – A San Antonio man was sentenced to 70 months in federal prison for his role in a gun theft and trafficking conspiracy.

    According to court documents, between January and October 2023, Alcapone Maximus Pena, 23, was involved in the theft of firearms and vehicles in and around the San Antonio area as well as the sale of those stolen firearms. Pena, codefendant Nathan Tyler Padilla, 27, and others repeatedly broke into vehicles which they identified as likely to have firearms and that they believed they would be able to illegally sell.

    A search of Pena’s home on Oct. 25, 2023 resulted in the seizure of 14 firearms. An additional 17 firearms were located in a separate search warrant and determined to be trafficked by Pena. During the course of the conspiracy, Pena was responsible for the knowing and illegal trafficking of 25-99 firearms. The investigation also revealed information that showed Padilla’s cell phone had been present during the theft of several seized firearms. For his work in the firearm thefts, Padilla would receive a share of the proceeds that came from the firearms’ eventual sale to third parties.

    Both Pena and Padilla were named in a seven-count indictment filed Nov. 15, 2023. Pena was charged with one count of conspiracy to traffic firearms, one count of possession of a machine gun, and one count of possession of stolen firearms. Padilla, who had been previously convicted on Aug. 16, 2023 for the offense of evading arrest/detention with a vehicle, was charged in the indictment with one count of conspiracy to traffic firearms and one count of possession of ammunition by a felon.

    The two codefendants pleaded guilty Jan. 7, 2025. Padilla was sentenced on April 1 to 90 months in federal prison.

    “This case highlights the importance of holding individuals trafficking in firearms accountable for their actions.  Each year, thousands of guns are stolen from vehicles in the San Antonio area, and then many of these are used to commit crimes, including violent crimes,” said Acting U.S. Attorney Margaret Leachman for the Western District of Texas. “We, along with our federal, state and local law enforcement partners, remain fully committed to investigating and prosecuting these firearm thefts as part of our commitment to public safety.”

    “This case is a great example of our unwavering commitment to protecting our community,” said Special Agent in Charge Michael Weddel for the Bureau of Alcohol, Tobacco, Firearms and Explosives Houston Division. “By bringing individuals involved in gun theft and trafficking to justice, we are not only holding criminals accountable but also taking meaningful steps to reduce the kind of violent crime that threatens our neighborhoods. Our community is safer today because of the tireless efforts of our agency and our law enforcement partners.”

    The ATF investigated the case.

    Assistant U.S. Attorney Zack Parsons prosecuted the case.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

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    MIL Security OSI –

  • MIL-OSI Economics: Inflation increased to 2.8 percent in March 2025

    Source: Bank of Botswana

    Headline inflation increased from 2.7 percent in February to 2.8 percent in March 2025, remaining below the lower bound of the medium-term objective range of 3 – 6 percent, and was lower than the 2.9 percent recorded in March 2024. The increase in inflation between February and March 2025 was mainly on account of the acceleration in the rate of annual price changes of most categories of goods and services, including Food & Non-Alcoholic Beverages and Transport. Similarly, the 16 percent trimmed mean inflation and inflation excluding administered prices increased from 2.4 percent and 3.8 percent to 2.5 percent and 4 percent, respectively, between February and March 2025.

    Inflation for domestic tradeables increased from 4.8 percent to 4.9 percent between February and March 2025, mainly on account of an increase in food prices. Similarly, inflation for imported tradeables increased from 1.9 percent to 2.4 percent over the same period, mainly due to an increase in vehicle prices. As a result, all tradeables inflation rose from 2.7 percent to 3 percent between February and March 2025. Meanwhile, inflation for non-tradeables eased marginally from 2.6 percent to 2.5 percent in the same period.

     

     

    MIL OSI Economics –

  • MIL-OSI Global: Railways were essential to carrying out the Holocaust – decades later, corporate reckoning continues

    Source: The Conversation – USA – By Sarah Federman, Associate Professor of Conflict Resolution, Kroc School of Peace Studies, University of San Diego

    Liliane Lelaidier-Marton stands in front of the kind of car her parents were forced into in Drancy, France, when deported to their deaths. Sarah Federman

    The Holocaust could not have happened without the railways.

    Preeminent Holocaust scholar Raul Hilberg underscored that almost everyone murdered at a camp arrived by train, including Jews, political prisoners and other “undesirables.” Since the 1990s, groups of survivors have asked European railway companies to acknowledge and atone for their critical role – a reminder that war, genocide and other atrocities cannot occur without corporate participation.

    One long-running attempt met a setback on Feb. 21, 2025, when the U.S. Supreme Court threw out an appeals court ruling in favor of survivors seeking atonement from Hungary’s state railways. The lower court held that plaintiffs could sue the company over looting during the deportation of 440,000 Jews, most of whom were murdered at Auschwitz-Birkenau. The Supreme Court disagreed, however, saying the case did not warrant an exception to law protecting foreign governments from being sued in U.S. courts.

    SS personnel select Hungarian Jews for life or death after their arrival at Auschwitz.
    Bernhard Walter/Yad Vashem via Wikimedia Commons

    Even without legal rulings, however, survivors have sometimes mobilized enough public support to force rail companies to confront their complicity.

    I wrote a book about one such case: the French national railways’ multiple roles in World War II, and the company’s 30-year struggle to make amends. I dug through archives and legal documents and spoke to over 120 experts – including historians, legislators, executives and more than 90 Holocaust survivors – about what obligations, if any, they believe railways have today.

    The French national railways’ wartime activities and slow roll to accountability helped me better understand and articulate productive ways that companies can respond to demands for atonement decades or more after the events.

    The author stands with Daniel Urbejtel, one of the youngest people who survived deportation to Auschwitz.
    Sarah Federman

    Multiple wartime roles

    The French railway company, known as the SNCF, played more than one role during the war. Depending on which facts you focus on, you can see the company as a victim, hero or perpetrator.

    With roughly 500,000 employees at the time, the company found itself in the crosshairs of the Nazi occupation. When France capitulated to Germany on June 22, 1940, the country was divided into occupied and free zones, and the French national railways were put under German command.

    Unlike companies such as Hugo Boss, which made Nazi uniforms, the SNCF did not financially profit from the occupation. To the contrary, Germans rarely paid the rail company the full amounts due. Machines were destroyed, an estimated 24,000 railway workers were sent to forced labor, and 2,229 railway workers were murdered.

    After the war, the acts of the brave railway workers came to light. Some slowed trains so deportees could jump off; some found other ways to facilitate escapes. Near the city of Lille, some SNCF workers helped save dozens of Jewish children. Most importantly, some workers coordinated with the French Resistance on D-Day, sabotaging trains to prevent German armaments from reaching the Normandy beaches and fighting off the Allies.

    After the war, the SNCF amplified heroic stories with the help of the French government, using a film, pamphlets and other means.

    ‘La Bataille du Rail,’ a 1946 film about French railway workers during the war.

    These stories are true – even if those workers made up less than 1% of the workforce. Surely, some stories were never told. But even if we double or triple the number, such resistance was an exception, not the rule.

    Senior executives reported on acts of sabotage and did little to save their own Jewish colleagues. In fact, Vichy France – the wartime collaborationist government – put the head of the SNCF, Pierre-Eugene Fournier, in charge of liquidating Jewish businesses. He did so efficiently and complained only about German interference.

    French Jews are forced into a train during deportations in Marseille in January 1943.
    Wolfgang Vennemann/German Federal Archives via Wikimedia Commons, CC BY-SA

    The SNCF transported approximately 76,000 Jewish deportees in merchandise cars to the German border, where a Nazi train driver carried them on to their deaths. While it’s possible the company didn’t understand the mass murder occurring at Auschwitz or other camps, drivers knew they carried unwilling passengers crammed together with little food, water or air in extreme weather without stopping. The deportation trains continued for two months after D-Day.

    Push for justice

    Yet SNCF’S image as part of the Resistance lived on in France until the 1990s, when survivors first approached the company for atonement. SNCF escaped legal liability, but public pressure forced the company to respond. Though it never financially compensated victims directly, the SNCF did commission an independent study, opened its archive to the public, made statements of regret and contributed to Holocaust commemoration and education.

    A couple married for over 50 years discovered that their fathers were deported on the same train.
    Sarah Federman

    The conversation then moved beyond French borders. In 2014, after Holocaust survivors protested the SNCF’s bids for contracts in the U.S., French and American ambassadors hammered out a US$60 million fund to compensate survivors who were not covered by other programs.

    The SNCF’s journey toward accountability encouraged debates involving rail companies in the Netherlands, Belgium and Hungary, which had also transported hundreds of thousands of people to their deaths.

    In 2019, Holocaust survivor Salo Muller successfully lobbied the Dutch state-owned railways for an apology and compensation for deportees. The company gave €15,000 – about $16,500 – to each survivor who had been forced to pay for their own ticket to be transported in horrific conditions to death camps. In the case of deceased survivors, the railway offered half that amount to heirs.

    Not about the money

    Liliane Lelaidier-Marton in front of a memorial at Drancy, France, where her father was deported.
    Sarah Federman

    In 2012, historian Michael Marrus invited me to join him at Corporate Liability for Human Rights Violations, a conference at the University of Tel Aviv. There, he slapped his hands on the table and all but shouted to his senior colleagues, “It’s not about the money!”

    Judicial rulings and financial payouts make headlines and create important precedents. But my interviews with survivors confirmed the spirit of Marrus’ words: “People want to set the record straight, to tell the story, and to have their history constitute a warning.”

    Liliane Lelaidier-Marton took me to the Shoah Memorial in Drancy, France, where her parents had been interned before deportation. She appreciated the memorials and visitor center, which acknowledge her loss and their suffering. Renée Fauguet-Zejgman and I went to a ceremony in Paris together so she could read her murdered father’s name – an opportunity sponsored, in part, by the SNCF. Daniel Urbejtel, one of the youngest to survive Auschwitz, didn’t hold on to special anger against the railways. But when I told him about their statement of regret and funding of memorial sites, he said, “I’m glad that they did that.”

    Renée Fauguet-Zejgman points to her father’s name on a memorial in Paris.
    Sarah Federman

    Leo Bretholz, who jumped out of an SNCF train bound for Auschwitz, wanted a verbal acknowledgment of the harm and an apology along with compensation. Stanley Kalmanovitz, who received over $200,000 from the 2014 settlement for his deportation to Auschwitz, told me, “The money came at a good time in my life … but this is not a settlement of conscience.” He knew the railway company was trying to win U.S. contracts and saw the money as a way to get survivors out of the way.

    Motivations aside, Kalmanovitz wondered what people today expect from the SNCF workers during the war. He said, “What was the French railroad supposed to do? Someone has a gun at your head, what do you do? You take the bullet? Then, if everyone takes a bullet, who’s left?”

    Historians only know of one French train driver who defied orders to drive his train. Léon Bronchart refused to drive a train filled with either German soldiers or political prisoners. He lost his bonus and title, but not his life.

    While a number of survivors I spoke with wanted SNCF to atone, others expressed misgivings about holding today’s company accountable for the actions of its predecessors.

    Thousands of Jews around Paris were arrested in July 1942, including more than 4,000 children. Most were later deported to Auschwitz.
    Antoine Gyori/Sygma via Getty Images

    Restoring dignity

    Today, some companies are trying to address their connections to mass atrocities: not only the Holocaust, but also other genocides, the transatlantic slave trade, colonialism and even ecological destruction.

    I encourage companies, institutions and ambassadors to focus on addressing harm, rather than on calculating their institution’s percentage of guilt or complicity. These difficult – if not impossible – calculations distract institutions from supporting the innocent people grappling with the aftermath and from preventing future harm.

    While money matters, people also want their dignity restored and suffering acknowledged – and companies can do this work without lawsuits prompting them. When they do it on their own, stakeholders see their efforts as evidence of a moral conscience rather than an economic necessity.

    This look back encourages stakeholders to consider how today’s corporate actions may be judged in the years ahead. Will future generations celebrate or condone their use of natural resources, labor practices or any participation in the deportations of their day?

    Sarah Federman received funding from the Fondation pour la Memorial de la Shoah to conduct research on the SNCF in France. During her time as a doctoral student, George Mason University’s Carter School for Peace and Conflict Resolution awarded Federman the Presidential Scholarship in support of this research.

    – ref. Railways were essential to carrying out the Holocaust – decades later, corporate reckoning continues – https://theconversation.com/railways-were-essential-to-carrying-out-the-holocaust-decades-later-corporate-reckoning-continues-250008

    MIL OSI – Global Reports –

  • MIL-OSI: STMicroelectronics future-proofs the development of next-gen cars with innovative memory solution for automotive microcontrollers

    Source: GlobeNewswire (MIL-OSI)

    STMicroelectronics future-proofs the development of next-gen cars
    with innovative memory solution for automotive microcontrollers

    • New Stellar microcontrollers with xMemory enable simpler, more scalable computing platform for developing software-defined vehicles and evolving electric vehicle architectures  
    • Extensible capability equips carmakers for continuous innovation, including more memory-hungry AI applications  
    • xMemory, based on ST proprietary phase-change memory (PCM) technology, will start production later in 2025 

    Geneva, Switzerland, April 16, 2025 — STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, has announced Stellar with xMemory, a new generation of extensible memory embedded into its Stellar series of automotive microcontrollers, that transforms the challenging process of developing software-defined vehicles (SDV) and evolving platforms for electrification.  

    Instead of managing multiple devices with varying memory options and the associated development and qualification costs, Stellar with xMemory introduces a single, innovative device with extensible memory, providing customers with an efficient and cost-effective solution. This simpler approach from the start enables carmakers to future-proof their designs, with room for additional innovation later in their development cycle, reducing development costs and accelerating time to market with a simpler supply chain. Stellar with xMemory will be first available on the Stellar P6 MCUs, which target the new drivetrain trends and architectures for electric vehicles (EVs), with production to start later in 2025. 

     “ST has developed the ultimate memory technology for the automobile market with the smallest bit cell to meet the endless need for more memory. Stellar with xMemory will streamline the car architectures of tomorrow, making them more cost-effective and significantly reduce development time for carmakers,” said Luca Rodeschini, Group Vice President and General Purpose and Automotive Microcontrollers Division General Manager, STMicroelectronics. “This innovative solution enables the same hardware to ensure carmakers have the infrastructure and capabilities with the headroom to continuously innovate their products over time. It provides peace of mind to introduce new innovations in digitalization and electrification, allowing them to stay ahead in the market and extend the lifetime of their vehicles.” 

    “With the embedded Phase Change Memory (PCM) technology, Stellar offers a robust and flexible memory concept to create highly performant, adaptable microcontrollers for automotive usage. The technology provides application advantages compared to other memory technologies, such as RRAM and MRAM,” said Axel Aue, Vice President, Bosch. 

    “By choosing an extensible MCU like Stellar with xMemory, engineers can avoid costly hardware redesigns to support software features. As software inevitably grows, whether during the initial development or through post-launch OTA updates, the same platform can be upgraded in the field, significantly reducing time-to-market and maintenance costs. A solution like Stellar with xMemory also enables simplified logistics and bill of material efficiency,” said Anshel Sag, Principal Analyst, Moor Insights & Strategy.

    How it works 
    Carmakers need seamless integration of software and hardware to maximize reuse across platforms, extend vehicle longevity and enhance digital capabilities. Memory becomes a bottleneck as software complexity grows, driven by new features and regulations, memory-hungry AI and Machine Learning applications, and over-the-air (OTA) updates. ST’s xMemory addresses this challenge by extending the memory either during the development phase or when vehicle is in the field, giving them unlimited application upgrades. 

    Selecting the right MCU at the start of the SDV lifecycle ensures sufficient on-chip memory for future software development. Today’s choice of over-specifying memory increases costs, while under-specifying may necessitate finding and re-qualifying a different MCU with extra memory later, adding complexity, cost, and delays. Stellar MCUs with xMemory are competitively priced to bring additional savings, simplify the OEM supply chain, and accelerate time to market by lengthening the product lifetime and maximizing reuse across projects to reduce time for qualification. 

    Technical notes for editors on PCM and Stellar: 
    ST has been at the forefront of the transition from Flash to eNVM technology in automotive MCUs, introducing the first 28nm eNVM qualified for automotive applications, which is at the core of the xMemory. ST’s embedded Phase-Change Memory (ePCM) has the best power, performance, area (PPA) index of NVM technologies such as RRAM, MRAM, and Flash. 

    With the industry’s smallest eNVM cell size, PCM fabricated at 18nm and 28nm nodes provides twice the memory density of other technologies.

    The latest-generation PCM technology will be available on all upcoming Arm®-based Stellar P and G automotive MCUs. The Stellar family is dedicated to automotive applications and simplifies vehicle electrical architectures for increased power, flexibility, and safety. The portfolio includes Stellar Integration MCUs (Stellar P and Stellar G series) for centralized zone and domain controllers and body applications, which consolidate the functions of multiple, separate communication and control ECUs, and Stellar Electrification MCUs (Stellar E series), which are optimized for control of EV traction-module power converters.  

    For more information, please go to www.st.com/stellar-xmemory  

    About STMicroelectronics
    At ST, we are 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of cloud-connected autonomous things. We are on track to be carbon neutral in all direct and indirect emissions (scopes 1 and 2), product transportation, business travel, and employee commuting emissions (our scope 3 focus), and to achieve our 100% renewable electricity sourcing goal by the end of 2027.

    Further information can be found at www.st.com.

    INVESTOR RELATIONS
    Jérôme Ramel
    EVP Corporate Development & Integrated External Communication
    Tel: +41.22.929.59.20
    jerome.ramel@st.com

    MEDIA RELATIONS
    Alexis Breton
    Corporate External Communications
    Tel: +33.6.59.16.79.08
    alexis.breton@st.com

    Attachments

    The MIL Network –

  • MIL-OSI: Plumas Bancorp Reports First Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    RENO, Nev., April 16, 2025 (GLOBE NEWSWIRE) — Plumas Bancorp (Nasdaq: PLBC), the parent company of Plumas Bank (the “Bank”), today announced first quarter earnings of $7.2 million or $1.21 per share, up from $6.3 million or $1.06 per share during the first quarter of 2024. Diluted earnings per share was $1.20 during the three months ended March 31, 2025, up from $1.05 per share during the quarter ended March 31, 2024. Return on average assets was 1.79% during the current quarter, up from 1.55% during the first quarter of 2024. Return on average equity was 16.0% for the three months ended March 31, 2025, down from 16.4% during the first quarter of 2024.

    Net-interest income increased by $1.1 million from $17.4 million during the three months ended March 31, 2024, to $18.5 million during the current quarter. The provision for credit losses decreased from $821 thousand during the first quarter of 2024 to $250 thousand during the current quarter.

    Non-interest income increased by $1.1 million from $2.1 million during the three months ended March 31, 2024 to $3.2 million during the first quarter of 2025 related to a legal settlement totaling $1.1 million. This settlement related to the Dixie Fire in August of 2021 which swept through the town of Greenville, California. The fire caused severe damage to the Greenville area, including the telecommunications infrastructure which adversely affected our ability to service our customers in this area during the last few years.

    Non-interest expense increased by $1.1 million from $10.4 million during the first quarter of 2024 to $11.5 million during the current quarter. Of this amount, $569 thousand relates to costs associated with our pending acquisition of Cornerstone Community Bancorp. We signed a definitive agreement to acquire Cornerstone Community Bancorp on January 28, 2025. Merger transaction costs that facilitate the merger are not deductible for income tax purposes. Of the $569 thousand in merger related costs, $562 thousand is estimated to be not deductible for state and federal income tax.

    The provision for income taxes increased by $731 thousand from $2.1 million, 25.4% of pre-tax income, during the three months ended March 31, 2024 to $2.9 million, or 28.5% of pre-tax income, during the current quarter.

    Balance sheet Highlights
    March 31, 2025 compared to March 31, 2024

    • Gross loans increased by $35 million, or 3.5%, to $1.0 billion.
    • Total deposits increased by $73 million, or 5.6% to $1.4 billion.
    • Borrowings decreased by $105 million, or 87.5% to $15 million.
    • Total equity increased by $26 million, or 16.2% to $187.6 million.
    • Book value per share increased by $4.29, or 15.7% to $31.68.

    President’s Comments

    Andrew J. Ryback, director, president, and chief executive officer of Plumas Bancorp and Plumas Bank, described the first quarter accomplishments, saying, “The highlight of this quarter is the announcement of our definitive merger agreement with Cornerstone Community Bancorp, a partnership that will result in a combined company with over $2.3 billion in assets, $2.0 billion in deposits, and $1.5 billion in loans. This merger reinforces our commitment to serving Northern California and Western Nevada, creating enhanced opportunities for our clients, shareholders, and team members.

    Through this merger, we unite Cornerstone Community Bank’s local expertise and strong practices with Plumas Bank’s innovative technology and business solutions. Together, we are positioned to expand our footprint and strengthen our offerings, ensuring sustained value for the communities we serve. With projected earnings accretion and a focused integration process, we are confident in our ability to deliver long-term growth and success.”

    Mr. Ryback noted additional developments during the quarter, saying, “Piper Sandler added Plumas to its independent research coverage, boosting Plumas’ visibility among investors and enhancing market confidence. With coverage from Raymond James and Stephens, too, we expect fair market valuation as all three firms previously released ‘Buy’ recommendations for PLBC stock.”

    Mr. Ryback concluded, “I want to express my gratitude to our shareholders, employees, and partners for their support during this transformative time. As we move forward, we remain steadfast in our dedication to fostering growth, innovation, and community impact, while maintaining the exceptional financial results and service excellence that define Plumas Bancorp.”

    Loans, Deposits, Investments and Cash

    Gross loans increased by $34.5 million, or 3.5%, from $976 million at March 31, 2024, to $1.0 billion at March 31, 2025. Increases of $98 million in commercial real estate loans and $1 million in equity lines of credit were partially offset by decreases of $31 million in automobile loans, $18 million in construction loans, $11 million in agricultural loans and $4 million in commercial loans.

    On March 31, 2025, approximately 77% of the Company’s loan portfolio was comprised of variable rate loans. The rates of interest charged on variable rate loans are set at specific increments in relation to the Company’s lending rate or other indexes such as the published prime interest rate or U.S. Treasury rates and vary with changes in these indexes. The frequency at which variable rate loans reprice can vary from one day to several years. Most of our commercial real estate portfolio reprices every five years. Loans indexed to the prime interest rate were approximately 16% of the Company’s loan portfolio; these loans reprice within one day to three months of a change in the prime rate.

    Total deposits increased by $73 million to $1.4 billion at March 31, 2025. The increase in deposits includes increases of $10 million in demand deposits and $76 million in money market accounts. Partially offsetting these increases were decreases of $5 million in savings deposits and $8 million in time deposits. We attribute much of the increase in money market accounts to higher rate public entity deposits. At December 31, 2025, 49% of the Company’s deposits were in the form of non-interest-bearing demand deposits. The Company has no brokered deposits.

    Investment securities totaled $447 million at March 31, 2025 and 2024. The Bank’s investment security portfolio consists of debt securities issued by US Government agencies, US Government sponsored agencies and municipalities. Cash and due from banks decreased by $41 million from $128 million at March 31, 2024, to $87 million at March 31, 2025.

    Asset Quality

    Nonperforming assets (which are comprised of nonperforming loans, other real estate owned (“OREO”) and repossessed vehicle holdings) at March 31, 2025, were $3.8 million, down from $6.0 million at March 31, 2024. Nonperforming assets as a percentage of total assets decreased to 0.23% at March 31, 2025, down from 0.37% at March 31, 2024. OREO decreased by $266 thousand from $357 thousand at March 31, 2024, to $91 thousand at March 31, 2025. Nonperforming loans were $3.7 million at March 31, 2025, and $5.6 million at March 31, 2024. Nonperforming loans as a percentage of total loans decreased to 0.36% at March 31, 2025, down from 0.57% at March 31, 2024.

    During the first quarter of 2025 we recorded a provision for credit losses of $250 thousand consisting of a provision for credit losses on loans of $250 thousand. This compares to a provision for credit losses of $821 thousand consisting of a provision for credit losses on loans of $900 thousand and a decrease in the reserve for unfunded commitments of $79 thousand during the first quarter of 2024.

    Net charge-offs totaled $127 thousand and $610 thousand during the three months ended March 31, 2025 and 2024, respectively. The allowance for credit losses totaled $13.3 million at March 31, 2025, and $13.2 million at March 31, 2024. The allowance for credit losses as a percentage of total loans was 1.32% at March 31, 2025, and 1.35% at March 31, 2024.

    The following tables present the activity in the allowance for credit losses and the reserve for unfunded commitments during the three months ended March 31, 2025 and 2024 (in thousands).

    Allowance for Credit Losses   March 31, 2025     March 31, 2024
    Balance, beginning of period $ 13,196     $ 12,867  
    Provision charged to operations   250       900  
    Losses charged to allowance   (312 )     (680 )
    Recoveries   185       70  
    Balance, end of period $ 13,319     $ 13,157  
    Reserve for Unfunded
    Commitments    		  

    March 31, 2025

    		      

    March 31, 2024
    Balance, beginning of period $ 620     $ 799  
    Provision charged to operations   –       (79 )
    Balance, end of period $ 620     $ 720  


    Bank Term Funding Program (BTFP)

    At March 31, 2024, the Company had outstanding borrowings under BTFP totaling $105 million. All BTFP borrowings were paid off during 2024. Interest expense recognized on the BTFP borrowings for the three months ended March 31, 2024, was $1.2 million.

    Shareholders’ Equity

    Total shareholders’ equity increased by $26.1 million from $162 million at March 31, 2024, to $188 million at March 31, 2025. The $26.1 million includes earnings during the twelve-month period totaling $29.5 million, a decrease in accumulated other comprehensive loss of $2.1 million and stock option activity totaling $1.0 million. These items were partially offset by the payment of cash dividends totaling $6.5 million.

    Liquidity

    The Company manages its liquidity to provide the ability to generate funds to support asset growth, meet deposit withdrawals (both anticipated and unanticipated), fund customers’ borrowing needs and satisfy maturity of short-term borrowings. The Company’s liquidity needs are managed using assets or liabilities, or both. On the asset side, in addition to cash and due from banks, the Company maintains an investment portfolio which includes unpledged U.S. Government-sponsored agency securities that are classified as available-for-sale. On the liability side, liquidity needs are managed by offering competitive rates on deposit products and the use of established credit lines.

    The Company is a member of the Federal Home Loan Bank of San Francisco (FHLB) and can borrow up to $251 million from the FHLB secured by commercial and residential mortgage loans with carrying values totaling $441 million. The Company is also eligible to borrow at the FRB Discount Window. At March 31, 2025 the Company could borrow up to $115 million at the Discount Window secured by investment securities with a fair value of $119 million. In addition to its FHLB borrowing line and the Discount Window, the Company has unsecured short-term borrowing agreements with two of its correspondent banks in the amounts of $50 million and $20 million. There were no outstanding borrowings to the FHLB, FRB Discount Window or the correspondent banks at March 31, 2025, and March 31, 2024.

    Customer deposits are the Company’s primary source of funds. Total deposits increased by $73 million to $1.4 billion at March 31, 2025. Deposits are held in various forms with varying maturities. The Company estimates that it has approximately $510 million in uninsured deposits which includes uninsured deposits of Plumas Bancorp. Of this amount, $190 million represents deposits that are collateralized such as deposits of states, municipalities and tribal accounts.

    The Company’s securities portfolio, Discount Window advances, FHLB advances, and cash and due from banks serve as the primary sources of liquidity, providing adequate funding for loans during periods of high loan demand. During periods of decreased lending, funds obtained from the maturing or sale of investments, loan payments, and new deposits are invested in short-term earning assets, such as cash held at the FRB and investment securities, to serve as a source of funding for future loan growth. Management believes that the Company’s available sources of funds, including borrowings, will provide adequate liquidity for its operations in the foreseeable future.

    Net Interest Income and Net Interest Margin

    Driven mostly by growth in the loan portfolio and the repayment of the BTFP borrowings, net interest income increased by $1.1 million from $17.4 million during the three months ended March 31, 2024, to $18.5 million for the three months ended March 31, 2025. The increase in net interest income includes an increase of $564 thousand in interest income and a decline of $518 thousand in interest expense.

    Interest and fees on loans increased by $804 thousand related both to an increase in average balance and an increase in yield. Average loan balances increased by $48 million, while the average yield on loans increased by 8 basis points from 6.09% during the first quarter of 2024 to 6.17% during the current quarter. The average prime interest rate decreased from 8.5% during the first quarter of 2024 to 7.5% during the current quarter. Approximately 16% of the Company’s loans are tied to the prime interest rate and most of these reprice within one to three months with a change in prime. The negative effect of the decrease in prime was offset by an increase in average yield on the bank’s fixed rate portfolio which includes growth in fixed rate SBA loans which totaled $74 million at March 31, 2025, and $47 million at March 31, 2024. The weighted average rate earned on this portfolio at March 31, 2025, was 8.3%.

    Interest on investment securities increased by $114 thousand related to an increase in yield on investment securities of 44 basis points to 4.12%. The increase in investment yields is consistent with the partial restructuring of the investment portfolio during the first quarter of 2024. The effect of this increase in yield was mostly offset by a decline of $36 million in average investment securities.

    Interest on cash balances decreased by $354 thousand related to a decline in average balance of $14 million and a decrease in average rate paid on cash balances of 105 basis points from 5.57% during the first quarter of 2024 to 4.52% during the current quarter. This decline in yield was mostly related to a decline in rate paid on balances held at the Federal Reserve Bank (FRB). The average rate earned on FRB balances decreased from 5.40% during the first quarter of 2024 to 4.40% during the current quarter.

    Interest expense decreased by $518 thousand, mostly related to the repayment of the BTFP borrowings as discussed earlier. The average rate paid on interest bearing liabilities decreased from 1.33% during the 2024 quarter to 1.14% in 2025 related mainly to the decrease in these borrowings.

    Interest paid on deposits increased by $710 thousand and is broken down by product type as follows: money market accounts – $770 thousand and savings deposits – $26 thousand. The increase in interest paid on money market accounts mostly relates to an increase in public entity balances. Interest on time deposits declined by $86 thousand related to a decline in average balance of $3 million and a decline in rate paid of 27 basis points. During the second half of 2024 and continuing into 2025, we have offered a premium rate on large balances of public entities in our service area, matching the rate they could earn from the California local agency investment fund. This has led to a significant increase in these balances and an increase in the overall rate paid on money market accounts. The average rate paid on interest-bearing deposits increased from 0.75% during the first quarter of 2024 to 1.11% during the current quarter.

    Net interest margin for the three months ended March 31, 2025, increased 33bp to 4.95%, up from 4.62% for the same period in 2024.

    Non-Interest Income/Expense

    During the three months ended March 31, 2025, non-interest income totaled $3.2 million, an increase of $1.1 million from the three months ended March 31, 2024. The largest component of this increase was the $1.1 million settlement related to the Dixie Fire as discussed earlier.

    During the three months ended March 31, 2025, total non-interest expense increased by $1.1 million from $10.4 million during the first quarter of 2024 to $11.5 million during the current quarter. The largest components of this increase were merger related expenses of $569 thousand. Salary and benefit expense increased by $514 thousand which includes an increase in salary expense of $269 thousand related primarily to merit and promotional salary increases. Related mostly to an increase in pre-tax income, bonus expense increased by $216 thousand. A decrease in deferred loan origination fees of $97 thousand was offset by a decline in commission expense of $137 thousand. Both items mostly relate to a decline in SBA loan production during the comparison quarters. Occupancy and equipment expense increased by $324 thousand from $1.7 million during the first quarter of 2024 to $2.0 million during the current quarter related to an increase of $338 thousand in rent expense related to the February 2024 sales/leaseback transaction.

    Plumas Bancorp is headquartered in Reno, Nevada. Plumas Bancorp’s principal subsidiary is Plumas Bank, which was founded in 1980. Plumas Bank is a full-service community bank headquartered in Quincy, California. The bank operates fifteen branches: thirteen located in the California counties of Butte, Lassen, Modoc, Nevada, Placer, Plumas, Shasta, and Sutter and two branches located in Nevada in the counties of Carson City and Washoe. The bank also operates two loan production offices located in Auburn, California and Klamath Falls, Oregon. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has received nationwide Preferred Lender status with the United States Small Business Administration. For more information on Plumas Bancorp and Plumas Bank, please visit our website at www.plumasbank.com.

    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 Exchange Act of 1934, as amended and Plumas Bancorp intends for such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Future events are difficult to predict, and the expectations described above are necessarily subject to risk and uncertainty that may cause actual results to differ materially and adversely.

    Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” These forward-looking statements are not guarantees of future performance, nor should they be relied upon as representing management’s views as of any subsequent date. Forward-looking statements involve significant risks and uncertainties, and actual results may differ materially from those presented, either expressed or implied, in this news release. Factors that might cause such differences include, but are not limited to: the Company’s ability to successfully execute its business plans and achieve its objectives; changes in general economic and financial market conditions, either nationally or locally in areas in which the Company conducts its operations; changes in interest rates; continuing consolidation in the financial services industry; new litigation or changes in existing litigation; increased competitive challenges and expanding product and pricing pressures among financial institutions; legislation or regulatory changes which adversely affect the Company’s operations or business; loss of key personnel; and changes in accounting policies or procedures as may be required by the Financial Accounting Standards Board or other regulatory agencies.

    Contact: Jamie Huynh
    Investor Relations
    Plumas Bancorp
    5525 Kietzke Lane Ste. 100
    Reno, NV 89511
    775.786.0907 x8908
    investorrelations@plumasbank.com

    PLUMAS BANCORP
    CONDENSED CONSOLIDATED BALANCE SHEETS  
    (In thousands)
    (Unaudited)
      As of March 31,      
      2025   2024   Dollar
    Change    		   Percentage
    Change
    ASSETS              
    Cash and due from banks $ 87,327   $ 128,231   $ (40,904)   (31.9)%
    Investment securities 447,293   447,445   (152)   (0.0)%
    Loans, net of allowance for credit losses 1,000,651   966,141   34,510   3.6%
    Premises and equipment, net 12,349   12,960   (611)   (4.7)%
    Right-of-use assets 24,003   25,295   (1,292)   (5.1)%
    Bank owned life insurance 16,628   16,206   422   2.6%
    Real estate acquired through foreclosure 91   357   (266)   (74.5)%
    Goodwill 5,502   5,502   –   0.0%
    Accrued interest receivable and other assets 39,448   38,196   1,252   3.3%
    Total assets $ 1,633,292   $ 1,640,333   $ (7,041)   (0.4)%
                   
    LIABILITIES AND              
       SHAREHOLDERS’ EQUITY  
    Deposits $ 1,373,061   $ 1,299,688   $ 73,373   5.6%
    Lease liabilities 24,523   25,424   (901)   (3.5)%
    Accrued interest payable and other liabilities 33,105   33,730   (625)   (1.9)%
    Borrowings 15,000   120,000   (105,000)   (87.5)%
    Total liabilities 1,445,689   1,478,842   (33,153)   (2.2)%
    Common stock 29,454   28,492   962   3.4%
    Retained earnings 179,411   156,414   22,997   14.7%
    Accumulated other comprehensive loss, net (21,262)   (23,415)   2,153   9.2%
    Shareholders’ equity 187,603   161,491   26,112   16.2%
    Total liabilities and shareholders’ equity $ 1,633,292   $ 1,640,333   $ (7,041)   (0.4)%
                   
                   
    PLUMAS BANCORP
    CONDENSED CONSOLIDATED STATEMENTS OF INCOME
    (In thousands, except per share data)
    (Unaudited)
                   
    FOR THE THREE MONTHS ENDED MARCH 31, 2025   2024   Dollar
    Change    		   Percentage
    Change
                   
    Interest income $ 20,590   $ 20,026   $ 564   2.8%
    Interest expense 2,051   2,569   (518)   -20.2%
    Net interest income before provision for credit losses 18,539   17,457   1,082   6.2%
    Provision for credit losses 250   821   (571)   (69.5)%
    Net interest income after provision for credit losses 18,289   16,636   1,653   9.9%
    Non-interest income 3,213   2,140   1,073   50.1%
    Non-interest expense 11,466   10,397   1,069   10.3%
    Income before income taxes 10,036   8,379   1,657   19.8%
    Provision for income taxes 2,856   2,125   731   34.4%
    Net income $ 7,180   $ 6,254   $ 926   14.8%
                   
    Basic earnings per share $ 1.21   $ 1.06   $ 0.15   14.2%
    Diluted earnings per share $ 1.20   $ 1.05   $ 0.15   14.3%
                   
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
    (Dollars in thousands, except per share data)
    (Unaudited)
                       
      Three Months Ended   Year Ended
      3/31/2025   12/31/2024     3/31/2024     12/31/2024   12/31/2023
    EARNINGS PER SHARE                        
    Basic earnings per share $ 1.21     $ 1.31     $ 1.06     $ 4.85     $ 5.08  
    Diluted earnings per share $ 1.20     $ 1.29     $ 1.05     $ 4.80     $ 5.02  
    Weighted average shares outstanding   5,911       5,900       5,887       5,895       5,863  
    Weighted average diluted shares outstanding   6,002       5,995       5,946       5,968       5,934  
    Cash dividends paid per share 1 $ 0.30     $ 0.27     $ 0.27     $ 1.08     $ 1.00  
                             
    PERFORMANCE RATIOS (annualized for the three months)                
    Return on average assets   1.79 %     1.87 %     1.55 %     1.74 %     1.88 %
    Return on average equity   16.0 %     17.1 %     16.4 %     17.2 %     23.4 %
    Yield on earning assets   5.50 %     5.50 %     5.30 %     5.49 %     5.03 %
    Rate paid on interest-bearing liabilities   1.14 %     1.27 %     1.33 %     1.39 %     0.67 %
    Net interest margin   4.95 %     4.90 %     4.62 %     4.79 %     4.71 %
    Noninterest income to average assets   0.80 %     0.53 %     0.53 %     0.53 %     0.68 %
    Noninterest expense to average assets   2.85 %     2.57 %     2.57 %     2.56 %     2.36 %
    Efficiency ratio 2   52.7 %     50.4 %     53.1 %     51.3 %     46.6 %
                       
      3/31/2025   3/31/2024   12/31/2024   12/31/2023   12/31/2022
    CREDIT QUALITY RATIOS AND DATA                  
    Allowance for credit losses $ 13,319   $ 13,157   $ 13,196   $ 12,867     $ 10,717  
    Allowance for credit losses as a percentage of total loans   1.32     1.35     1.30     1.34 %     1.18 %
    Nonperforming loans $ 3,686   $ 5,610   $ 4,105   $ 4,820     $ 1,172  
    Nonperforming assets $ 3,787   $ 6,000   $ 4,307   $ 5,315     $ 1,190  
    Nonperforming loans as a percentage of total loans   0.36     0.57     0.40     0.50 %     0.13 %
    Nonperforming assets as a percentage of total assets   0.23     0.37     0.27     0.33 %     0.07 %
    Year-to-date net charge-offs $ 127   $ 610   $ 1,046   $ 954     $ 935  
    Year-to-date net charge-offs as a percentage of average   0.05     0.25     0.11     0.10 %     0.11 %
    loans (annualized)        
                       
    CAPITAL AND OTHER DATA                  
    Common shares outstanding at end of period   5,922     5,896     5,903     5,872       5,850  
    Shareholders’ equity $ 187,603   $ 161,491   $ 177,899   $ 147,317     $ 119,004  
    Book value per common share $ 31.68   $ 27.39   $ 30.14   $ 25.09     $ 20.34  
    Tangible common equity3 $ 181,354   $ 155,048   $ 171,606   $ 140,823     $ 112,273  
    Tangible book value per common share4 $ 30.62   $ 26.30   $ 29.07   $ 23.98     $ 19.19  
    Tangible common equity to total assets   11.1     9.5     10.6     8.7 %     6.9 %
    Gross loans to deposits   73.6     75.1     74.1     71.9 %     62.6 %
                       
    PLUMAS BANK REGULATORY CAPITAL RATIOS              
    Tier 1 Leverage Ratio   12.3     11.0     11.9     10.8 %     9.2 %
    Common Equity Tier 1 Ratio   17.8     16.1     17.3     15.7 %     14.7 %
    Tier 1 Risk-Based Capital Ratio   17.8     16.1     17.3     15.7 %     14.7 %
    Total Risk-Based Capital Ratio   19.0     17.4     18.5     16.9 %     15.7 %
     
    (1) The Company paid a quarterly cash dividend of $0.30 per share on February 17, 2025 and a quarterly cash dividend of $0.27 per share on February 15, 2024, May 15, 2024, August 15, 2024 and November 15, 2024 and a quarterly cash dividend of $0.25 per share on February 15, 2023, May 15, 2023, August 15, 2023 and November 15, 2023.
    (2) Efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and total noninterest income).
    (3) Tangible common equity is defined as common equity less core deposit intangibles and goodwill.
    (4) Tangible common book value per share is defined as tangible common equity divided by common shares outstanding.
             
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                           
    The following table presents for the three-month periods indicated the distribution of consolidated average assets, liabilities and shareholders’ equity.
                           
      For the Three Months Ended   For the Three Months Ended
      3/31/2025   3/31/2024
      Average       Yield/   Average       Yield/
      Balance   Interest   Rate   Balance   Interest   Rate
    Interest-earning assets:                      
    Loans (2) (3) $ 1,011,968   $ 15,396   6.17 %   $ 964,132   $ 14,592   6.09 %
    Investment securities   369,126     3,927   4.31 %     371,792     3,605   3.90 %
    Non-taxable investment securities (1)   74,883     583   3.16 %     108,175     791   2.94 %
    Interest-bearing deposits   61,409     684   4.52 %     75,005     1,038   5.57 %
    Total interest-earning assets   1,517,386     20,590   5.50 %     1,519,104     20,026   5.30 %
    Cash and due from banks   26,477             26,586        
    Other assets   86,335             80,508        
    Total assets $ 1,630,198           $ 1,626,198        
                           
    Interest-bearing liabilities:                      
    Money market deposits   279,184     1,145   1.66 %     211,183     375   0.71 %
    Savings deposits   323,449     206   0.26 %     335,565     180   0.22 %
    Time deposits   88,386     545   2.50 %     91,501     631   2.77 %
    Total deposits   691,019     1,896   1.11 %     638,249     1,186   0.75 %
    Borrowings   15,000     145   3.92 %     114,342     1,367   4.81 %
    Other interest-bearing liabilities   21,190     10   0.19 %     21,713     16   0.30 %
    Total interest-bearing liabilities   727,209     2,051   1.14 %     774,304     2,569   1.33 %
    Non-interest-bearing deposits   682,495             673,789        
    Other liabilities   38,096             24,440        
    Shareholders’ equity   182,398             153,665        
    Total liabilities & equity $ 1,630,198           $ 1,626,198        
    Cost of funding interest-earning assets (4)         0.55 %           0.68 %
    Net interest income and margin (5)     $ 18,539   4.95 %       $ 17,457   4.62 %
                           
    (1) Not computed on a tax-equivalent basis.                      
    (2) Average nonaccrual loan balances of $3.8 million for 2025 and $5.6 million for 2024 are included in average loan balances for computational purposes.  
    (3) Net costs included in loan interest income for the three-month periods ended March 31, 2025 and 2024 were $275 thousand and $344 thousand, respectively.  
    (4) Total annualized interest expense divided by the average balance of total earning assets.        
    (5) Annualized net interest income divided by the average balance of total earning assets.        
    PLUMAS BANCORP
    SELECTED FINANCIAL INFORMATION
     (Dollars in thousands)
    (Unaudited)
                   
    The following table presents the components of non-interest income for the three-month periods ended March 31, 2025 and 2024.
                   
      For the Three Months Ended        
      March 31,        
        2025     2024     Dollar
    Change    		   Percentage
    Change
    Service charges on deposit accounts   705     715       (10 )   (1.4 )%
    Interchange income $ 690   $ 739       (49 )   (6.6 )%
    Loan servicing fees   186     213       (27 )   (12.7 )%
    FHLB Dividends   137     137       –     – %
    Earnings on life insurance policies   109     96       13     13.5 %
    Gain on sale of buildings   –     19,854       (19,854 )   (100.0 )%
    Loss on sale of investment securities   –     (19,826 )     19,826     100.0 %
    Other   1,386     212       1,174     553.8 %
    Total non-interest income $ 3,213   $ 2,140     $ 1,073     50.1 %
                   
    The following table presents the components of non-interest expense for the three-month periods ended March 31, 2025 and 2024.
                   
      For the Three Months Ended        
      March 31,        
        2025     2024     Dollar
    Change    		   Percentage
    Change
    Salaries and employee benefits $ 5,880   $ 5,366     $ 514     9.6 %
    Occupancy and equipment   2,014     1,690       324     19.2 %
    Outside service fees   1,263     1,132       131     11.6 %
    Merger and acquisition expenses   569     –       569     100.0 %
    Advertising and shareholder relations   262     244       18     7.4 %
    Professional fees   229     439       (210 )   (47.8 )%
    Armored car and courier   217     203       14     6.9 %
    Deposit insurance   182     187       (5 )   (2.7 )%
    Telephone and data communication   174     222       (48 )   (21.6 )%
    Director compensation and expense   167     167       –     – %
    Business development   167     153       14     9.2 %
    Loan collection expenses   72     104       (32 )   (30.8 )%
    Amortization of Core Deposit Intangible   44     51       (7 )   (13.7 )%
    Other   226     439       (213 )   (48.5 )%
    Total non-interest expense $ 11,466   $ 10,397     $ 1,069     10.3 %
                   
    PLUMAS BANCORP  
    SELECTED FINANCIAL INFORMATION  
     (Dollars in thousands)  
    (Unaudited)  
                     
    The following table shows the distribution of loans by type at March 31, 2025 and 2024.  
                     
          Percent of       Percent of  
          Loans in Each       Loans in Each  
      Balance at End Category to   Balance at End Category to  
      of Period   Total Loans   of Period   Total Loans  
      3/31/2025   3/31/2025   3/31/2024   3/31/2024  
    Commercial $ 77,745   7.7 %   $ 82,136   8.4 %  
    Agricultural   112,018   11.1 %     123,239   12.6 %  
    Real estate – residential   11,606   1.1 %     11,872   1.2 %  
    Real estate – commercial   660,926   65.4 %     562,870   57.7 %  
    Real estate – construction & land   46,730   4.6 %     64,547   6.6 %  
    Equity Lines of Credit   38,634   3.8 %     37,196   3.8 %  
    Auto   58,295   5.8 %     89,399   9.2 %  
    Other   4,769   0.5 %     4,953   0.5 %  
    Total Gross Loans $ 1,010,723   100 %   $ 976,212   100 %  
                     
       
    The following table shows the distribution of Commercial Real Estate loans at March 31, 2025 and 2024.  
                     
          Percent of       Percent of  
          Loans in Each       Loans in Each  
      Balance at End Category to   Balance at End Category to  
      of Period   Total Loans   of Period   Total Loans  
      3/31/25   3/31/25   3/31/24   3/31/24  
    Owner occupied $ 295,593   44.7 %   $ 194,954   34.6 %  
    Investor   365,333   55.3 %     367,916   65.4 %  
    Total real estate – commercial $ 660,926   100 %   $ 562,870   100 %  
                     
                     
    The following table shows the distribution of deposits by type at March 31, 2025 and 2024.  
                     
          Percent of       Percent of  
          Deposits in Each     Deposits in Each  
      Balance at End Category to   Balance at End Category to  
      of Period   Total Deposits   of Period   Total Deposits  
      3/31/2025   3/31/2025   3/31/2024   3/31/2024  
    Non-interest bearing $ 676,461   49.3 %   $ 665,975   51.2 %  
    Money Market   290,125   21.1 %     214,257   16.5 %  
    Savings   323,496   23.6 %     328,781   25.3 %  
    Time   82,979   6.0 %     90,675   7.0 %  
    Total Deposits $ 1,373,061   100 %   $ 1,299,688   100 %  
                     

    The MIL Network –

  • MIL-OSI Security: Fentanyl and Firearms Trafficker Sentenced to Fifteen Years in Federal Prison

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    Richard G. Frohling, Acting United States Attorney for the Eastern District of Wisconsin, announced that on April 11, 2025, Azjuan Meriwether (age: 25) of Milwaukee, was sentenced to 15 years in federal prison for drug and firearm offenses. 

    According to court records, a proactive law enforcement investigation revealed that Meriwether was the leader of an armed drug trafficking organization responsible for distributing at least 32 kilograms of fentanyl, at least 375 grams of para-fluorofentanyl (a fentanyl analogue), as well as methamphetamine, cocaine, and other drugs.  Meriwether and his organization also engaged in firearms trafficking involving the illegal sale of firearms, machinegun-conversion devices, also known as “switches,” and “ghost guns.” “Ghost guns” are privately made firearms, often assembled from pre-made kits, that do not possess serial numbers or other identifying markings, which make the firearms difficult to trace back to the original purchaser and manufacturer. As part of his plea agreement, Meriwether agreed that he personally and illegally sold 18 firearms and 6 “switches.”  Below is a photograph from the court record of firearms recovered as a result of this investigation.

    As a result of the investigation, Meriwether was arrested in Indiana. Before his arrest, Meriwether led officers on a high-speed chase that lasted approximately 2 hours and involved Meriwether driving his vehicle the wrong way on a highway, endangering civilians and officers. Law enforcement ultimately recovered approximately 375 grams of para-fluorofentanyl combined with heroin, approximately 165 grams of methamphetamine, and approximately 29 grams of cocaine from Meriwether’s vehicle.

    “The conduct at issue in this case presented layer upon layer of danger to the community,” said Acting U.S. Attorney Frohling. “This individual and his organization not only distributed dangerous – potentially lethal — controlled substances but also further endangered others through the sale of switches and ghost guns. The sentence imposed in this case is the direct result of strong partnerships among federal and local agencies, supported by the North Central High Intensity Drug Trafficking Areas (HIDTA). I commend the agents, task force officers, and support personnel who worked tirelessly to build this investigation and hold Mr. Meriwether accountable for his actions.”

    “Meriwether’s possession and sale of fentanyl and Machine Gun Conversion Devices posed a dual threat to our communities,” stated Bureau of Alcohol, Tobacco, Firearms & Explosives (ATF) Chicago Field Division Special Agent-in-Charge Christopher Amon. “Through the use of NIBIN and collaborations like those seen in the Waukesha County Drug Task Force, law enforcement was able to link firearms possessed by Meriwether to violent acts. 

    Taking him off the streets helps stop the flow of drugs and Machine Gun Conversion Devices into our communities, which reduces crime, protects residents, and fosters safer neighborhoods.”

    “The DEA and their partners from the Waukesha County Sheriff’s Department continue to relentlessly pursue dangerous fentanyl traffickers like Meriwether. The DEA is grateful to the Waukesha County Sheriff’s Department for their unwavering commitment to dismantle violent drug-trafficking organizations and keep our communities safe,” said U.S. Drug Enforcement Administration (DEA) Milwaukee District Office Assistant Special Agent in Charge John G. McGarry.

    “This investigation originated in a small Waukesha County community and through the hard work of our local Drug Task Force, and their partnership with federal law enforcement agencies, a criminal organization was dismantled.  These law enforcement relationships are paramount to effectively maintaining safety in our communities,” said Captain Tony Kasta, Waukesha County Drug Task Force.

    This prosecution was part of an Organized Crime Drug Enforcement Task Forces (OCDETF) investigation. OCDETF identifies, disrupts, and dismantles the highest-level drug traffickers, money launderers, gangs, and transnational criminal organizations that threaten the United States by using a prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal, state, and local law enforcement agencies against criminal networks.

               This matter was investigated by ATF, the Drug Enforcement Administration (DEA), and Waukesha County Drug Task Force, through a coordinated partnership supported by the North Central HIDTA. 

               In addition to the investigating agencies noted above, multiple law enforcement agencies participated in arrests, the execution of search warrants, and other matters related to the case, including the United States Marshals Service (USMS), the Wisconsin Department of Justice, Division of Criminal Investigation (WI DOJ-DCI), the Waukesha County Sheriff’s Department, the Milwaukee County Sheriff’s Department, the Washington County Sheriff’s Department, the Milwaukee Police Department, the West Allis Police Department, as well as the Indiana State Patrol, Vermillion County (Indiana) Sheriff’s Office, and the Vermillion County District Attorney’s Office. 

               The case was prosecuted by Assistant United States Attorneys Katherine Halopka-Ivery and Patricia Daugherty.

     

    MIL Security OSI –

  • MIL-OSI Security: Whitbourne — Whitbourne RCMP responds to tractor trailer crash on Route 202, trailer full of contraband cigarettes located and seized

    Source: Royal Canadian Mounted Police

    A 53-year-old Ontario man was arrested by Whitbourne RCMP on April 13, 2025, after crashing a transport truck on Route 202 that police later determined contained a trailer full of contraband cigarettes.

    Shortly before 5:00 p.m. on Sunday, Whitbourne RCMP received the report that a tractor trailer had departed the roadway and went down over an embankment on Route 202. Police attended the scene and located evidence to support that there was contraband tobacco in the trailer.

    The scene was secured overnight and a search warrant, authorized under the Criminal Code, was executed on April 14, 2025. Police accessed the trailer to conduct a search and found that the trailer was full of contraband tobacco. The contraband product was seized and the quantity of the seizure is be processed at this time.

    The driver was released from custody and is set to appear in court at a later date to answer to charges under the Excise Act, 2001 and the Revenue and Administration Act.

    The investigation is continuing.

    RCMP NL continues to fulfill its mandate to protect public safety, enforce the law, and ensure the delivery of priority policing services in Newfoundland and Labrador.

    MIL Security OSI –

  • MIL-OSI Security: Springdale — Off-duty RCMP officer comes upon single-vehicle crash, teenaged driver arrested for impaired operation and refusing breath test

    Source: Royal Canadian Mounted Police

    A teenaged novice driver was arrested by Springdale RCMP for impaired operation after crashing a vehicle on Route 410, near the Trans-Canada Highway.

    At approximately 5:30 p.m., while off-duty, a police officer with Baie Verte RCMP came upon the scene of a crash and called 911. A vehicle was resting on its roof in a ditch and was heavily damaged. The driver, who held a beginner’s permit, was located at the scene and showed signs of alcohol impairment. On-duty RCMP officers from Springdale and Baie Verte detachments arrived at the scene. The driver was transported to Springdale hospital for treatment of minor injuries.

    At the hospital, the driver was arrested for impaired operation and refused to provide blood samples. She was released from custody and is set to appear in court at a later date to face charges of impaired operation and refusing to comply with a blood demand. The driver received a licence suspension and the vehicle was seized and impounded.

    RCMP NL continues to fulfill its mandate to protect public safety, enforce the law, and ensure the delivery of priority policing services in Newfoundland and Labrador.

    MIL Security OSI –

  • MIL-OSI: Aviva’s Charged for Change Program to Power Up another 10 Canadian Communities with EV Charging Stations

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 16, 2025 (GLOBE NEWSWIRE) — Aviva Canada is thrilled to announce that an additional 10 communities across Canada will soon be equipped with Level 2 electric vehicle (EV) charging stations thanks to its Charged for Change program, presented in partnership with Earth Day Canada. This year also marks the first time the program will fund EV infrastructure projects on First Nations territory.

    The recipients are:

    • We’koqma’q First Nation, NS
    • qathet Regional District, BC
    • Municipality of Neguac, NB
    • Village of Arcadia, NB
    • Municipality of Thames Centre, ON
    • Town of Essex, ON
    • Town of Fort Erie, ON
    • Town of Otterburn Park, QC
    • Town of Gravelbourg, SK
    • Town of Radisson, SK

    Charged for Change is an initiative aimed at addressing barriers to EV adoption in communities that lack adequate access to public charging infrastructure. Since 2021, this $3 million partnership has enabled municipalities and Indigenous communities to apply for funding to install Level 2 EV charging stations. In its first two years, the program successfully provided funding for public charging stations to 15 municipalities across Canada.

    “We’re grateful for the enthusiastic response from municipalities to our Charged for Change initiative, and pleased that Aviva has made a positive difference in multiple communities across the country,” stated Pascal Dessureault, Aviva Canada’s Chief Public Affairs, Marketing and Communications Officer. “While this marks the final year of the program, we know there’s still so much more to be done to support the climate transition and we’re eager to explore those opportunities.”

    Valérie Mallamo, Executive Director of Earth Day Canada, added, “For three years, Charged for Change and our partnership with Aviva Canada has supported small, rural communities across Canada in making their EV public infrastructure projects a reality. We’re very excited for this final cohort of communities to benefit from the program and to see them support EV adoption for their residents.”

    Testimonials from year three Charged for Change recipients:

    “The addition of new EV charging stations reflects Fort Erie’s ongoing commitment to building a greener future. This grant allows us to expand our efforts to combat climate change. It’s encouraging to see our community take tangible steps towards continued sustainability, such as welcoming our first EV and enhancing local charging infrastructure.”
    — Wayne Redekop, Mayor, Town of Fort Erie

    “We’koqma’q First Nation applied for Charged for Change funding because we are committed to building a greener, more sustainable future for our community. With the climate challenges we face, including rising water levels and increased flooding, we know the importance of taking action now. This funding allows us to invest in cleaner transportation and infrastructure, helping us reduce emissions and move towards energy independence. Receiving this support is a huge step forward for our community, and we are excited about the positive impact it will have for generations to come.”
    – Jordan Keeling, Director of Public Works, We’koqma’q First Nation

    “The qathet Regional District is proud to have been selected for the Charged for Change program, which will help bring much-needed public EV charging infrastructure to our rural, remote, and island communities, including Texada Island. By expanding access to EV charging in underserved areas, we are supporting sustainable transportation, reducing greenhouse gas emissions, fostering tourism, and strengthening local and regional economies. This funding is a crucial step in advancing our climate action goals and ensuring a more connected and resilient future for our communities.”
    – Mikhael Drosdovech, Manager of Assets and Capital Projects, qathet Regional District

    About Aviva Canada

    Aviva Canada is one of the leading property and casualty insurance groups in the country, providing home, automobile, lifestyle, and business insurance to 2.5 million customers coast to coast. A subsidiary of UK-based Aviva plc, we have the financial strength, scale and are a trusted insurance provider globally for more than 325 years.

    For more information, visit aviva.ca or Aviva Canada’s blog, LinkedIn and Instagram pages.

    The MIL Network –

  • MIL-OSI: Cerence to Announce Fiscal Second Quarter Results on May 7, 2025

    Source: GlobeNewswire (MIL-OSI)

    BURLINGTON, Mass., April 16, 2025 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, will announce its second quarter financial results for the quarter ended March 31, 2025, on Wednesday, May 7, 2025, at 4:05pm Eastern Time / 1:05pm Pacific Time.

    The company will host a live conference call and webcast, with supplementary slides, to discuss the results on the same day at 5:00pm Eastern Time / 2:00pm Pacific Time. Interested investors and analysts are invited to join the audio conference call by registering here.

    Webcast access will be available in the Investor section of the company’s website, www.cerence.ai.

    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.

    Contact Information

    Investor Relations | Email: investorrelations@cerence.com

    Kate Hickman | Tel: 339-215-4583 | Email: kate.hickman@cerence.com

    The MIL Network –

  • MIL-OSI: Progressive Reports March 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    MAYFIELD VILLAGE, OHIO, April 16, 2025 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for the month and quarter ended March 31, 2025:

      March Quarter
    (millions, except per share amounts and ratios; unaudited)   2025       2024   Change   2025       2024   Change
    Net premiums written $ 9,041     $ 7,746   17   % $ 22,206     $ 18,962   17   %
    Net premiums earned $ 6,787     $ 5,634   20   % $ 19,409     $ 16,149   20   %
    Net income $ 522     $ 893   (42 ) % $ 2,567     $ 2,331   10   %
    Per share available to common shareholders $ 0.89     $ 1.52   (42 ) % $ 4.37     $ 3.94   11   %
    Total pretax net realized gains (losses) on securities $ (211 )   $ 59   (458 ) % $ (212 )   $ 156   (236 ) %
    Combined ratio   90.9       84.3   6.6   pts.   86.0       86.1   (0.1 ) pts.
    Average diluted equivalent common shares   587.7       587.4   0   %   587.7       587.3   0   %
      March 31,
    (thousands; unaudited) 2025   2024   % Change
    Policies in Force          
    Personal Lines          
    Agency – auto 10,146   8,593   18
    Direct – auto 14,771   11,855   25
    Special lines 6,637   6,076   9
    Property 3,576   3,209   11
    Total Personal Lines 35,130   29,733   18
    Commercial Lines 1,162   1,101   6
    Companywide 36,292   30,834   18
               

    See Progressive’s complete monthly earnings release for additional information.

    About Progressive

    Progressive Insurance® makes it easy to understand, buy and use car insurance, home insurance, and other protection needs. Progressive offers choices so consumers can reach us however it’s most convenient for them — online at progressive.com, by phone at 1-800-PROGRESSIVE, via the Progressive mobile app, or in-person with a local agent.

    Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the second largest personal auto insurer in the country, a leading seller of commercial auto, motorcycle, and boat insurance, and one of the top 15 homeowners insurance carriers. 

    Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.

    The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE: PGR.

    Company Contact:
    Douglas S. Constantine
    (440) 395-3707
    investor_relations@progressive.com

    The Progressive Corporation
    300 North Commons Blvd.
    Mayfield Village, Ohio 44143
    http://www.progressive.com

    Download PDF: Progressive March 2025 Complete Earnings Release

    The MIL Network –

  • MIL-OSI Australia: Please take a seat and be nice

    Source: Northern Territory Police and Fire Services

    Katrina is a member of the Transport Canberra occupational violence working group.

    Katrina will proudly tell you she has the best job in the world.

    For the past five years, she has worked as a bus driver for Transport Canberra. Some days she’s out on the road driving, and other times she’s a supervisor at the bus depot. But no matter what her day brings, she absolutely loves what she does.

    “I get my own office, I get to hang out by myself all day, but my office also changes every day depending on the weather and where I am in town. The seasons are so beautiful,” she says.

    Both Katrina and her husband applied for bus driver roles with Transport Canberra many years ago, but with their youngest son still in nappies at the time, Katrina opted for a 9-5 role instead. Once the kids were a bit older, Katrina applied again, and says the shift work now suits her family perfectly.

    “I’m on a rotating roster. Most weeks I get up before the birds do and come into work. If I’m driving for the day, I hop on a bus and go for a little drive around town for at least eight hours, if not 10, and interact with the public all day. Otherwise, I do duties around the depot. I may have to go and do a bus swap if a bus breaks down or take buses that are out in the shed and move them into the workshop. It’s a bit of everything, it’s pretty good,” says Katrina.

    “And then I go home and parent. There’s football training, taking kids to and from work, cooking dinner – all the fun things!”

    Just like with any job, there are of course some downsides. On any given day, bus drivers interact with Canberrans from all different walks of life, all dealing with different highs and lows – and sometimes our front-line workers are an unwitting target for frustration. Whether it’s traffic hold-ups causing the bus to be late – or people just having a bad day – in some cases, that frustration can result in passengers becoming aggressive or even violent with drivers.

    As a member of the Transport Canberra occupational violence working group, Katrina hears firsthand about the experiences of others as well as contributing towards solutions to help the workforce.

    “A lot of the occupational violence, from what I’ve heard around the workplace, has got to do with fare evasion and people not paying for their fares. But the same people don’t call an Uber and not pay for it, or they don’t go down to the supermarket and get the groceries and not pay for it, but then expect to hop on the bus for free.”

    Drivers are responsible for getting their passengers where they need to go, safely. That means they need to have a dual focus – not only do they need to be alert to the traffic conditions, but they also need to monitor what’s happening inside their bus. So if passengers get aggressive, it can be a scary predicament. But Transport Canberra has plenty of measures in place, so drivers have the support they need.

    ‘Drivers sit behind protection screens, plus we’ve got CCTV on all the buses. If you feel you are in danger, you can request immediate assistance and support via a range of methods. This request will be responded to by our Field Transport Officers and when required, ACT Policing.

    “I want to go home to my kids without being assaulted. So, if you’re going to get on the bus, just take a seat and be nice.”

    Despite it all, Katrina is adamant there’s no other job she’d rather do.

    “Especially in customer service roles, there’s always going to be people who give you a hard time. If you are in a customer-facing role, you’ve just got to learn some techniques on how to deal with it. But we’ve got things in place. There’s always someone not far away who can help,” she says.

    “Everybody around the depot says it’s the best job in the world. Once you actually hop in the driver’s seat, and you get to drive around in a big vehicle, and the majority of your clients are beautiful people. They say hello, they say thank you when they hop off. It just makes my day and I get to drive around Canberra, it’s so pretty.”

    * For personal privacy, surnames of interviewees have been removed.

    Find out more about how you can help make ACT Government workplaces safe for everyone.

    Get ACT news and events delivered straight to your inbox, sign up to our email newsletter:


    MIL OSI News –

  • MIL-OSI: Form 8.3 – [ADVANCED MEDICAL SOLUTIONS GROUP PLC – 15 04 2025] – (CGWL)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 ADVANCED MEDICAL SOLUTIONS GROUP PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 11 APRIL 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 5p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 11,866,271 5.4414    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 11,866,271 5.4414    

    NOTE: On 14/04/2025 a discretionary client transferred out 14,335 shares.

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    5p ORDINARY SALE 2,515 188.8626p
    5p ORDINARY SALE 2,800 188.9018p
    5p ORDINARY SALE 2,100 189.8p
    5p ORDINARY SALE 900 190.69p
    5p ORDINARY PURCHASE 2,100 190.1p
    5p ORDINARY PURCHASE 2,000 190.624p
    5p ORDINARY PURCHASE 900 190.975p
    5p ORDINARY PURCHASE 2,500 191.48p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE        

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE              

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE      

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 16 APRIL 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Form 8.3 – [ADVANCED MEDICAL SOLUTIONS GROUP PLC – 15 04 2025] – (CGAML)

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: CANACCORD GENUITY ASSET MANAGEMENT LIMITED (for Discretionary clients)
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		 N/A
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 ADVANCED MEDICAL SOLUTIONS GROUP PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: N/A
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 15 APRIL 2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”    		 N/A

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: 5p ORDINARY
    Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 4,915,000 2.2538
    (2)   Cash-settled derivatives:
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:
    TOTAL: 4,915,000 2.2538

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:
    Details, including nature of the rights concerned and relevant percentages:

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    5p ORDINARY PURCHASE 140,000 189.7112p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD    		 Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position    		 Number of reference securities Price per unit
    NONE

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.    		 Expiry date Option money paid/ received per unit
    NONE

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option    		 Exercising/ exercised against Number of securities Exercise price per unit

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion    		 Details Price per unit (if applicable)
    NONE

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”

    NONE

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? NO
    Date of disclosure: 16 APRIL 2025
    Contact name: MARK ELLIOTT
    Telephone number: 01253 376539

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI United Kingdom: New safety measures proposed for the Hoe

    Source: City of Plymouth

    Have your say on a new proposed Anti-Terrorism Traffic Regulation Order (ATTRO) for the Plymouth Hoe area. This measure is designed to enhance public safety during large events and in response to potential threats.

    Following a request from the local Police, an ATTRO allows the police and designated partners to close off or restrict access to certain areas and roads within the ATTRO footprint when necessary, ensuring the safety and security of residents and visitors.

    Most of the time, the ATTRO will remain dormant, only being activated when needed. It covers a large area, including Plymouth Hoe, the Barbican, and surrounding locations, to ensure comprehensive coverage for various events. It will not affect daily activities unless activated, and it will replace most of the existing Temporary Traffic Regulation Orders (TTROs) for events.

    Councillor Sally Haydon, Cabinet Member for Community Safety, explains: “While there’s no specific threat to Plymouth at this moment, crowded places can be targets for terrorism. We have all seen the awful events that have happened in other around the world, from the tragic attack on London Bridge in 2017, and more recently the Magdeburg car attack in Germany.

    “Having an ATTRO in place means we’re prepared to act swiftly to protect everyone. It’s about being proactive and ensuring we have the right tools to safeguard our community.”

    Councillor Mark Coker, Cabinet Member for Strategic Planning and Transport, added: “The ATTRO will help us manage traffic and pedestrian access effectively during large events, ensuring that emergency services can operate without hindrance. This is a crucial step in maintaining public safety and smooth operations in our city.”

    The ATTRO is a vital tool for keeping Plymouth safe while allowing us to enjoy our events and gatherings with peace of mind.

    It is a permanent measure that will lay dormant until needed for security purposes associated with large gatherings and planned events, or if there is an immediate need to protect the public from harm such as a terrorist attack. To be clear;

    • The ATTRO is not the pedestrianisation of an area.
    • The ATTRO will not see the installation of any permanent barriers or permanent vehicle mitigation measures within the highlighted map area.
    • The ATTRO will not change the overall base layout of roads or public pathways, nor will it result in any roadworks.
    • The ATTRO will not affect day-to-day business operations unless activated.

    Any pre-planned road closures put in place as part of the ATTRO and large scale events would be communicated in advance to residents and businesses. 

    For more information on the ATTRO, including FAQs, please go to: www.plymouth.gov.uk/traffic-and-road-safety-schemes

    If you wish to offer comments on the proposed Order, please send them in writing to: Service Director for Street Services (Plymouth Transport and Highways), Plymouth City Council, Ballard House, West Hoe Road, Plymouth, PL1 3BJ or by emailing:  [email protected] Quoting reference Amd.2025.2137339 ATTRO by 14 May 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Chasing Amy: A Soulful Tribute to Amy Winehouse by Victoria Geelan

    Source: Northern Ireland – City of Derry

    Chasing Amy: A Soulful Tribute to Amy Winehouse by Victoria Geelan

    16 April 2025

    Following the overwhelming success of her last festival show ‘Feeling Good’, which paid tribute to the legendary Nina Simone, acclaimed vocalist Victoria Geelan returns to the Alley Theatre, Strabane on Friday 25th April with her powerful and personal new show: “Back to Black” – A Celebration of Amy Winehouse.

    Presented in the relaxed and intimate setting of the cabaret-style auditorium, this one-night-only performance promises a powerful and personal tribute to one of the most iconic voices of the 21st century.

    Titled ‘Chasing Amy’, the show is a reflection on Amy Winehouse’s artistry, influence, and inner world – brought to life through Victoria’s stunning vocals and the backing of a talented band of top-class musicians.

    Born in the same year as Winehouse -1983 – Victoria shares a unique connection with the late star. “Amy’s voice, honesty, and fearless lyrics struck me from the very beginning,” she says. “This show is my way of honouring her life, her genius, and the struggles she faced with grace and empathy.”

    Audiences can expect an immersive musical journey that moves from Amy’s jazz roots to her chart-topping soul, reggae, and hip-hop hits – including songs from the seminal ‘Back to Black’ album. The show goes deeper than the music, exploring the artists who inspired Amy, whose songs she often included in her own live performances, the media’s treatment of her private life, her battles with bulimia, depression, and addiction, and her impact as a trailblazing female artist who reshaped the landscape of modern music.

    “Amy broke the mould of what a female pop star could be – unapologetically real, raw, and relatable,” adds Victoria. “This show is not just about remembering her music but understanding the woman behind the voice.”

    This is one unforgettable evening of music and storytelling that will stay with you long after the final note.

    Due to some explicit lyrical content and adult themes, this show is recommended for audiences aged 14+. Tickets are £12 available online at www.alley-theatre.com or call 028 71 384444

    MIL OSI United Kingdom –

  • MIL-OSI Australia: Call for information – Aggravated robbery – Tennant Creek

    Source: Northern Territory Police and Fire Services

    The Northern Territory Police Force is calling for information in relation to an aggravated robbery that occurred this morning in Tennant Creek.

    Around 7:10am, an unknown male offender entered the driver’s seat of a Toyota Hilux, in an attempt to steal it from a driveway in Casey Street.

    A 52-year-old female had briefly exited the vehicle to close a gate, when she observed the offender attempting to drive away with the vehicle.

    The victim grabbed onto the vehicle’s bull bar and was dragged a short distance while the offender allegedly attempted to drive away with the vehicle. The vehicle subsequently became wedged against a fence.

    The offender allegedly broke the driver’s window to exit the vehicle and fled from the scene on foot. He currently remains outstanding.

    The victim suffered minor injuries and investigations are ongoing.

    Police urge anyone with information to contact police on 131 444. Please quote reference P25103953. Anonymous reports can also be made through Crime Stoppers on 1800 333 000 or via https://crimestoppersnt.com.au/.

    MIL OSI News –

  • MIL-OSI Australia: Arrest – Drink driving and Alcohol seizures – Avon Downs

    Source: Northern Territory Police and Fire Services

    The Northern Territory Police Force has arrested a 44-year-old female for drink driving in Avon Downs last night.

    About 8pm, police conducted a traffic apprehension on the Barkly Highway and the driver returned a positive roadside breath test with a subsequent confirmed BAC reading of 0.127%.

    The vehicle was lawfully searched, and Avon Downs members seized 24 litres of alcohol that was destined for a remote Aboriginal community. The 44-year-old female was arrested and charged with Drink driving medium range and will appear in Tennant Creek Local Court at a later date.

    Anyone with information on the supply of alcohol or drugs into remote communities can call police on 131 444 or make an anonymous report to Crime Stoppers on 1800 333 000.

    MIL OSI News –

  • MIL-OSI Australia: Call for information – Disturbance – Katherine

    Source: Northern Territory Police and Fire Services

    The Northern Territory Police Force is calling for information in relation to a large disturbance that occurred in Katherine overnight.

    Around 12:55am this morning, police CCTV operators reported a large disturbance involving multiple people occurring at the rear of a service station on Railway Terrace.

    A Hilux was sighted driving erratically, ramming into unoccupied vehicles numerous times, and driving at persons in the area. An 18-year-old male was allegedly struck by the vehicle during the incident.

    Police, St John Ambulance and Northern Territory Fire and Rescue attended the scene, and the male was transported to Katherine Hospital in a serious but stable condition.

    The group, including the driver of the vehicle, fled the area upon police arrival. Numerous weapons were located inside the vehicles and seized.

    A crime scene was declared, and investigations are ongoing.

    Acting Commander Terry Zhang said, “This type of reckless and dangerous behaviour has absolutely no place in our community.

    “We understand this incident may be linked to an ongoing feud between community groups. Police will be working closely with community leaders and cultural authorities to help de-escalate tensions and prevent any further violence. Additional resources will be deployed to enhance our presence and ensure community safety.

    “Anyone with information is urged to contact police on 131 444.”

    Anonymous reports can also be made through Crime Stoppers on 1800 333 000 or via https://crimestoppersnt.com.au/.

    MIL OSI News –

  • MIL-OSI: Beam Global Expands into Romania with First EV ARC™ Sales and Prestigious Innovation Award

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, April 16, 2025 (GLOBE NEWSWIRE) — Beam Global (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for transportation electrification and energy security, today announced the sale of its first EV ARC™ systems in Romania. This expansion marks a significant milestone as the country accelerates its transition to renewable energy in alignment with the European Union’s climate goals.

    Romania, targeting 34% renewable energy production by 2030 under the EU’s Renewable Energy Directive, is increasingly prioritizing clean transportation solutions. Beam Global’s off-grid, solar-powered EV ARC™ systems offer a transportable, construction-free, and utility-free solution for electric vehicle (EV) charging and energy security, perfectly suited to meet the country’s growing demand for sustainable infrastructure.

    Beam Global’s first sales in Romania has been executed by its Romanian reselling agent, Seltis Glass Design SRL, with whom the company has an existing successful relationship through its European subsidiary, selling street lighting solutions. This transaction demonstrates the efficacy of Beam Global’s strategy of leveraging external sales partners with proven track records in selling energy and transportation infrastructure products within key territories targeted by the company.

    “Beam Global’s products provide a perfect solution for Romania’s electrification of transportation and energy security challenges,” said Alin Tanasi, Managing Director of Seltis Glass Design. “We have been successfully selling infrastructure products to government and enterprise entities in Romania for over a decade. We are excited about the opportunity to present Beam Global’s products to our existing and new customers. Beam Global’s unique benefits and innovative attributes were recognized at the 2025 Congress of Mayors. Many of those are already our customers and relationships. We believe we are off to a very good start and look forward to a successful relationship with Beam Global.”

    In recognition of its role in driving innovation and enabling clean mobility, Beam Global was presented with the Award for Innovation in Sustainable Infrastructure at the 2025 Congress of Mayors and Local Administration of Romania. The award, presented by Eduard Dumitrascu, President of the Romanian Association for Smart City and Mobility, was accepted by Desmond Wheatley, CEO of Beam Global, on behalf of the company and its dedicated team.

    “Romania has one of the fastest growing economies in Europe,” said Desmond Wheatley, CEO of Beam Global. “There is significant internal and EU investment in the electrification of transportation and sustainable energy infrastructure. Beam Global’s products are timely and ideally suited to solve for the expanding requirements in Romania. Securing our first sales here through a local reseller and being recognized for the innovative value that our products deliver at a congress of mayors and other government decision makers bode well for our growth opportunities in that country. This is another example of how our geographic expansion strategy enables us to increase sales without increasing investment. We intend to continue to replicate this model across the region.”

    Beam Global was recognized “for developing and implementing advanced technological solutions that promote clean mobility and energy efficiency, significantly contributing to the transition toward a greener and more sustainable future.”

    About Beam Global
    Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage and vital energy security. With operations in the U.S. and Europe, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, save time and money and protect the environment. Beam Global is headquartered in San Diego, CA with facilities in Broadview, IL and in Europe in Belgrade and Kraljevo, Serbia. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit BeamForAll.com, LinkedIn, YouTube, Instagram and X (formerly Twitter).

    Forward-Looking Statements
    This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global’s actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.

    Media Contact
    Andy Lovsted
    +1-858-324-4617
    Press@BeamForAll.com

    Investor Relations
    Luke Higgins
    +1-858-799-4583
    IR@BeamForAll.com

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/22c36ea4-fab9-4986-9ea2-2191304d67c6

    https://www.globenewswire.com/NewsRoom/AttachmentNg/57b6353f-9812-48d5-baee-b2ad08c59d70

    The MIL Network –

  • MIL-OSI China: Multinationals fast-track localization to leverage China NEV boom

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

    SHANGHAI, April 16 — The rapid evolution of China’s new energy vehicle (NEV) sector is driving multinational corporations to restructure their China strategies, prompting some to scale up local investments across R&D, production and supply chains.

    German chemical giant BASF earlier this week announced a 500-million-yuan (about 69.3 million U.S. dollars) investment for the expansion of its Shanghai Cellasto plant, which provides noise, vibration and harshness reduction solutions for automobiles.

    To capitalize on China’s booming NEV market, the new facility will feature advanced mold lines and is scheduled to be operational in 2027, with a nearly 70-percent capacity increase.

    As a leading chemical supplier to the automotive industry, BASF strives to accelerate business growth in China’s automotive sector, said Jeffrey Lou, president and chairman of BASF Greater China.

    “BASF has made substantial investments in China since entering the Chinese market 140 years ago. Today’s expansion is another strong testament to BASF’s commitment to staying close to the local market and our customers,” Lou remarked.

    To deepen ties to China’s NEV ecosystem, some foreign automakers are shifting from traditional manufacturing partnerships to localized R&D.

    In March, German carmaker BMW partnered with Chinese tech giant Huawei to develop a China-specific in-car digital ecosystem, set to debut on BMW’s locally produced next-generation electric models in 2026.

    Before that, Japanese auto behemoth Toyota announced the establishment of a new company in Shanghai for the R&D and production of all-electric Lexus vehicles and batteries, with plans to start production in 2027.

    The new plant marked a significant investment in enhancing Toyota’s R&D and production capabilities specifically tailored for the EV sector in China, the world’s largest auto exporter.

    In January, Chinese NEV maker XPENG and German giant Volkswagen announced that they had signed a memorandum of understanding for strategic collaboration on a superfast charging network in China.

    Behind these localization initiatives is China’s supportive environment for the NEV market through measures like vehicle purchase subsidies, investment in charging infrastructure, and development of intelligent connected vehicles.

    Industry insiders believe that Chinese consumers’ openness to new technologies and demand for smart connectivity are unlocking fresh business opportunities for multinationals.

    Official data showed that China’s NEV production and sales both exceeded 3 million units in the first quarter of 2025, with each rocketing around 50 percent year on year. The country’s measures to stimulate consumption, including large-scale trade-in programs, are expected to provide a strong boost for NEV production and sales.

    “China’s NEV market holds huge potential, with a constantly improving business environment and well-developed, efficient industrial and supply chains,” said Gao Yuning, deputy dean of the School of Public Policy and Management at Tsinghua University. “These are key reasons why foreign automakers are stepping up investment and deepening their footprint in China.”

    MIL OSI China News –

  • MIL-OSI Asia-Pac: Kashi Ringing the Bells of Progress

    Source: Government of India

    Kashi Ringing the Bells of Progress

    Building Modern India

    Posted On: 16 APR 2025 2:28PM by PIB Delhi

    “Today, Kashi stands not only as a symbol of antiquity but also as a beacon of progress.”

    ~ Prime Minister Narendra Modi

    Introduction

    On April 11, PM Modi launched development projects worth ₹3,880 crore in Kashi. The ancient city is getting a modern makeover. Roads are being widened; schools are being upgraded and new power stations are coming up. Kashi is growing while keeping its roots alive. From 2014 to March 2025, 580 projects were taken up under Kashi Development with a total investment of ₹48,459 crore. The aim is to improve infrastructure, preserve heritage and support tourism in Varanasi.

    Kashi’s Development Journey: Key Milestones

    🗓️ November 7, 2014: The Powerloom Service Centre was inaugurated and a ₹2,375 crore revival package was announced for district cooperative banks.

    🗓️ September 18, 2015: ₹572 crore was announced for Kashi’s upgrade, along with ₹11,000 crore for roads connecting nearby districts.

    🗓️ December 22, 2016: Projects worth ₹2,100 crore were inaugurated, including foundation stones of various projects.

    🗓️ September 22, 2017: PM Modi dedicated the Deendayal Hastkala Sankul, a trade facilitation centre for handicrafts.

    🗓️ July 14, 2018: Foundation stone of key projects worth over ₹900 crore was laid.

    🗓️ March 8, 2019: The Prime Minister laid the foundation stone for the Kashi Vishwanath Corridor.

    🗓️ November 30, 2020: The 73 km six-lane NH19 built at ₹2,447 crore was inaugurated to ease travel between Prayagraj and Varanasi. The Maha Kaal Express India’s first overnight private train was also launched.

    🗓️December 13-14, 2021: Phase 1 of Shri Kashi Vishwanath Dham, constructed at a cost of around Rs 339 crores inaugurated.

    🗓️ July 7, 2022: PM Modi inaugurated and laid the foundation stone of development projects worth over ₹1,800 crore. This includes ₹590 crore under Varanasi Smart City and Urban Projects.

    🗓️ January 13, 2023: PM Modi flagged off the world’s longest river cruise ‘MV Ganga Vilas.’ 🗓️ December 18, 2023: The Prime Minister laid the foundation stone and dedicated to the nation several development projects worth over ₹19,150 crore in Varanasi.

    🗓️ October 10, 2024: The Prime Minister, Shri Narendra Modi laid the foundation stone and inaugurated multiple development projects worth Rs 6,100 crores.

    From Pilgrimage to Premium Experiences

    Tourism in Varanasi is more than just travel, it’s a journey through history, faith and vibrant culture. Below are key initiatives that are reshaping the tourism experience in the city:

    1. MV Ganga Vilas: World’s Longest River Cruise

    Launched by PM Narendra Modi on January 13, 2023, the MV Ganga Vilas is the world’s longest river cruise, starting from Varanasi and culminating in Dibrugarh on 28th February 2023.

     

    2. Tent City: Riverside Luxury Experience

    The Tent City was inaugurated on January 13, 2023 on the opposite bank of the Ganga from the city ghats. Open from October to June annually, the Tent City helps manage the increasing tourist flow by providing a unique and peaceful riverside stay experience.

     

    3. Shri Kashi Vishwanath Corridor

    Inaugurated on December 13, 2021, the Kashi Vishwanath Corridor is a transformative ₹355-crore project that spans an area of 5.5 acres. It connects the Kashi Vishwanath Temple directly to the Ganges River via a four-lane pathway, making the temple more accessible to pilgrims.

     

    4. Monument Illumination Projects

    To enhance the visual appeal of Varanasi’s historic monuments, several illumination projects have been undertaken: In 2015, ₹5.12 crore was sanctioned for lighting up monuments like Dhamekh Stupa, Chaukhandi Stupa, Tomb of Lalkan, and Man Mahal. In 2017, ₹2.93 crore were sanctioned to illuminate Dashashwamedh to Darbhanga Ghat, Tulsi Manas Mandir, and the Sarnath Museum.

     

    Kashi’s Infrastructure Boost

    Kashi’s infrastructure development has seen major progress from 2021 to 2025. The Varanasi-Gorakhpur NH-20 (Package-2), a 72.16 km road was inaugurated on October 25, 2021. The project cost was ₹3,509 crore. The redevelopment of Namo Ghat (Khidkiya Ghat) was completed on November 15, 2024. The cost of the redevelopment was ₹95.2 crore. The ghat now features a cafeteria, viewing platforms and heritage murals. The construction of the jetty at Rajghat costed approximately Rs.10 crore. Each cruise boat was procured at a cost of Rs.20 crore. Furthermore, the tourism circuit along the riverfront will feature the construction of a walkway, a viewing deck, and a food court. The operation of cruise boats started in March, 2023.  Additionally, over ₹980 crore is allocated for flyovers, road bridges, and an airport underpass on April 11, 2025.

    Urban Transformation in Kashi

    Varanasi is undergoing a major urban makeover with focus on sustainability and civic upgrades. To reduce pollution in the Ganga, diesel/petrol boats were converted to CNG. This project, worth ₹29.7 crore, was inaugurated by the Prime Minister on July 7, 2022. It is being executed by Varanasi Smart City Ltd. and GAIL. The Goitha Sewage Treatment Plant (STP), with a capacity of 120 million litres per day (MLD), was inaugurated on February 19, 2019. Built at a cost of ₹217.57 crore, it was aimed at treating sewage and reducing pollution in the Ganga. Under the Namami Gange scheme, a Sewage Treatment Plant (STP) with a capacity of 55 million litres per day (MLD) is also being built at a cost of ₹300 crore. On April 11, 2025, ₹345 crore has been allocated under Jal Jeevan Mission for rural drinking water schemes. Varanasi connected 55,000 houses to sewer lines under AMRUT (Atal Mission for Rejuvenation and Urban Transformation), using ₹105 crore, by March 2017. For better parking and traffic flow, the Godowlia Multilevel Two-wheeler Parking, a four-storey facility for 375 vehicles, was built for ₹19.55 crore and operates 24/7 with full security.

    Varanasi’s Handloom and Handicraft Revival

    Varanasi is renowned not just for its spiritual aura, but also for its rich tradition of handlooms and handicrafts. Generations of artisans have mastered the art of silk weaving, wood and stone carving, metalwork, pottery and jewellery making. Their creations reflect incredible skill and cultural heritage. Many of these crafts, like Banarasi sarees, Soft Stone Jali work, Banaras Gulabi Meenakari and Wooden Lacquerware & Toys etc, have received Geographical Indication (GI) tags, marking their authenticity and excellence.

    To support and promote these traditional arts the government announced the establishment of a Trade Facilitation Centre and Crafts Museum in the 2014-15 Union Budget. This initiative aimed to help weavers, artisans, and entrepreneurs market their products. The complex was built over 7.93 acres with a total cost of ₹300 crore, providing a space for showcasing, training and selling local crafts. The Centre was inaugurated on September 22, 2017 and today stands as a key step in preserving Varanasi’s artistic legacy.

    Kashi’s Education and Health Drive

    Kashi is witnessing rapid growth through major investments in research, healthcare, energy, and education. The Inter-University Teacher Education Center (IUTEC) at BHU, Varanasi, was inaugurated on December 23, 2021. Built at a cost of ₹107.36 crore, it will offer a two-year M.Ed. program for 1,000 students. In February 2019, PM inaugurated the PARAM Shivay Supercomputing Center at BHU, with a peak performance of 3.3 petaflops and a cost of ₹32.5 crore. In agriculture, ₹105 crore bonus was transferred to Banas Dairy milk suppliers in April 11, 2025. In the power sector, ₹1,820 crore has been allocated for new substations and transmission upgrades. The redevelopment of Sports Stadium in Sigra is an ambitious project with a total budget of ₹180.03 crore (Phase 1: ₹90.01 crore, Phase 2: ₹90.02 crore). It was designed as a world-class hub for sports. It was inaugurated by PM Narendra Modi on October 20, 2024.

    Conclusion

    Kashi stands today as a shining example of how heritage and modernity can thrive together. With transformative projects in infrastructure, tourism, health, education, and culture, the city is not just preserving its spiritual essence but also creating a vibrant, future-ready identity. From ghats to gateways of development, Kashi is truly ringing the bells of progress.

    References

    Click here to see PDF.

    *****

    Santosh Kumar/ Sarla Meena/ Kamna Lakaria/ Kritika Rane

    (Release ID: 2122058) Visitor Counter : 54

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: TD urges public to plan their cross-boundary trips in advance during long weekend of Easter holidays

    Source: Hong Kong Government special administrative region

         The Transport Department (TD) announced today (April 16) that it anticipates a large number of passengers and vehicles travelling to and from the Mainland or Macao via various land-based boundary control points (BCPs) during the long weekend of the Easter holidays, especially on the first day (April 18) and the last day (April 21). The TD particularly urges members of the public to plan their trips in advance and allow sufficient travelling time.
     
         For public transport services, the TD has liaised with local and cross-boundary public transport operators to strengthen their services during the long weekend. The waiting time for public transport services, including the Hong Kong-Zhuhai-Macao Bridge (HZMB) shuttle bus (Gold Bus), may be longer. Passengers are encouraged to make their journeys during non-peak hours, maintain order, and heed advice from on-site Police and staff of the public transport operators concerned. Passengers of cross-boundary coaches are also advised to reserve their coach tickets in advance.
     
         Motorists are advised that, subject to actual traffic conditions, special traffic arrangements may be implemented at the Lok Ma Chau Control Point and the Shenzhen Bay Port from April 18 to 21 to allow smooth access for public transport vehicles to the above control points. Cross-boundary private cars may need to queue to cross the BCPs. Motorists should pay extra attention to variable message signs and traffic signs along the roads. They are also requested to be patient in case of traffic congestion and follow the instructions of on-site Police.
     
         For the HZMB, to plan their journeys ahead, the public can make use of the TD’s HKeMobility mobile application to access snapshots of traffic conditions at the inbound and outbound vehicle plazas of the Hong Kong Port. They can also check real-time situations at the vehicle clearance plaza of the Zhuhai Port through the WeChat official accounts “hzmbzhport” or “zhuhaifabu” (traffic-info.gzazhka.com:5015/#/) (Chinese only), and check the forecast of peak hours of inbound and outbound vehicles at the HZMB Zhuhai Port through the WeChat official account of the HZMB integrated information dissemination platform (mp.weixin.qq.com/s/mT9D9et-FybKKXDw9nJ9Dg) (Chinese only). Moreover, motorists are reminded to always comply with the traffic control measures implemented by the Zhuhai authority when driving on the HZMB Main Bridge. Vehicles shall not occupy the emergency lane unless instructed by the Zhuhai authority.
     
         The TD’s Emergency Transport Co-ordination Centre will continue to operate 24 hours to closely monitor the traffic conditions and public transport services of different districts, including various BCPs and major stations. The TD will disseminate the latest traffic information through various channels. Members of the public are advised to check the latest traffic news through radio, television broadcasts, and HKeMobility.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LCQ6: Measures to attract inward investment

    Source: Hong Kong Government special administrative region

         Following is a question by Dr the Hon Kennedy Wong and a written reply by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, in the Legislative Council today (April 16):
     
    Question:
     
         Regarding measures to attract inward investment, will the Government inform this Council:
     
    (1) of the respective numbers of applications received, approved and rejected by the authorities under the New Capital Investment Entrant Scheme (New CIES) since its enhancement measures took effect on the first of last month, together with a breakdown by the applicants’ place of domicile and total investment amount; and the reasons for rejecting applications under New CIES;
     
    (2) whether it has compiled statistics on, among the approved applications mentioned in (1), the number of successful applicants who have already made investments in Hong Kong; whether it has assessed the effectiveness of the enhancement measures for New CIES in promoting the development of family offices in Hong Kong;
     
    (3) as it has been reported that the delegation of Hong Kong deputies to the National People’s Congress has proposed to establish a dedicated remittance mechanism called “Property Purchase Capital Connect” to allow residents of the Mainland and Hong Kong to make cross-‍boundary remittances for purchasing properties in Hong Kong or on the Mainland, with a view to further facilitating the flow of talents and economic integration between the two places, whether the authorities will look into this proposal and communicate with the relevant Mainland authorities in this regard; if so, of the details; if not, the reasons for that;
     
    (4) as it has been reported that even though the policies adopted by some countries to combat investment immigrants’ money laundering are more stringent compared to Hong Kong, such money laundering still exists in those countries, how the authorities strike a balance between anti-money laundering on the one hand and facilitating the entry of and attracting investment immigrants to Hong Kong on the other; and
     
    (5) as it is learnt that while persons who have been granted visas under New CIES may apply to become Hong Kong permanent residents after meeting the relevant requirements and having resided in Hong Kong continuously for seven years, there is no such arrangement for the major asset managers of family office who have also come to Hong Kong for investment, whether the authorities will consider putting in place an identical arrangement for the aforesaid major asset managers with reference to New CIES; if so, of the details; if not, the reasons for that?

    Reply:
     
    President,
     
         In consultation with the Hong Kong Monetary Authority, the Immigration Department (ImmD) and Invest Hong Kong (InvestHK), the reply to various parts of the question is as follows:
     
    (1) and (2) Since the implementation of the enhancement measures for the New Capital Investment Entrant Scheme (the Scheme) from March 1, 2025 up to end-March, a total of 174 applications have been received. The applications are being processed and no application has been rejected so far. Under the Scheme, applicants must invest a minimum of HK$30 million in the permissible investment assets. If all the aforementioned applications are approved, it is estimated that they will bring more than HK$5.2 billion to Hong Kong. Besides, since the Scheme opened for application from March 2024, a total of 1 092 applications have been received, having a positive impact on attracting more new capital to Hong Kong and strengthening the development of our asset and wealth management business, financial services and related professional services.
     
         In accordance with the application procedures under the Scheme, after InvestHK has verified that the applicant fulfills the net asset requirement, he/she may submit to the ImmD an entry application for a visa/entry permit to enter Hong Kong for residence (entry application). Upon “approval-in-principle” after assessment from the immigration perspectives, the ImmD will grant a visa/entry permit to the applicant for entering Hong Kong as a visitor for not more than 180 days for making the committed investment within the period. Among the 174 applications received in March, InvestHK has approved 99 applications for Net Asset Assessment, and the ImmD has received 65 entry applications. The ImmD will generally complete the assessment of “approval-in-principle” in around three weeks, upon receipt of all needed documents. Since no application has been granted “approval-in-principle” so far, applicants have yet to commence their investments in Hong Kong. The detailed breakdown of the 65 entry applications received by the ImmD is set out in the table below:
     

      Entry applications received by the ImmD
    Guinea-Bissau 41
    Vanuatu 15
    Hungary 2
    New Zealand 2
    Australia 1
    Canada 1
    France 1
    Greece 1
    Malta 1
    Total 65

     
         Since the enhancement measures under the Scheme have only been implemented for a short period of time, the Government will continuously review the applicants’ investment arrangement and suitably evaluate its effectiveness.
     
    (3) The Government has maintained communication with financial regulatory authorities in the Mainland on various cross-boundary remittance arrangements to seek to provide more facilitation arrangements for the convenience and benefit of the public and the business sector while ensuring that the risks are manageable. On facilitation for cross-boundary property purchases, the facilitative payment arrangement for Hong Kong and Macao residents purchasing properties in the Mainland cities of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), announced in January 2024, has been implemented. This arrangement applies to both newly built and second-hand residential properties purchased by individual Hong Kong and Macao residents, and allows them to remit funds in Renminbi or foreign currencies from outside the Mainland for property purchases and repayment of mortgage loans in the Mainland following the relevant procedures for settlement and payment.
     
         For cross-boundary remittance arrangements (including that for property purchases) for Mainland residents or Mainland talents admitted to Hong Kong, since it involves different regulatory regimes (including requirements for capital inflows and outflows), the Government has been, with regard to their practical needs, exploring facilitation arrangements with the Mainland authorities concerned, with an aim to explore a gradual approach for seeking suitable policies and solutions through close collaboration between the two places within their regulatory framework and existing practices. Any facilitation arrangements will be announced in due course.
     
    (4) Under the Scheme, an applicant is required to appoint eligible financial intermediary(ies) to manage the permissible investments in his/her designated account(s). The appointed financial intermediary(ies) is/are required to carry out customer due diligence and fulfill relevant anti-money laundering and counter-terrorist financing obligations under the Anti-Money Laundering and Counter Terrorist Financing Ordinance (Cap. 615), and report to InvestHK on the applicant’s continuous compliance with the Scheme Rules. When processing the applications for Assessment on Investment Requirements, InvestHK will also check the fund flow and investment arrangement of the applicant, and examine contract notes/reference letters, etc as provided by the applicant or issued by the appointed financial intermediary(ies). If necessary, InvestHK will also request the applicant to provide other supporting documents and information to certify that the applicant’s investment complies with the requirements of the Scheme.
     
    (5) Since the enhancement measures to the Scheme effected in March 2025, applicants may make investments through eligible family-owned investment holding vehicles or family-owned special purpose entities. The Government has included experienced management professionals in asset and wealth management under the Talent List to promote the development of Hong Kong as an asset and wealth management hub. Outside talents who meet the eligibility criteria for the relevant profession (including family office professionals and asset managers) may apply for entry under the Quality Migrant Admission Scheme, the General Employment Policy or the Admission Scheme for Mainland Talents and Professionals. Persons admitted under the above various talent admission schemes who have ordinarily resided in the Hong Kong Special Administrative Region (HKSAR) for a continuous period of not less than seven years may apply for the right of abode in the HKSAR in accordance with the law.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: LCQ22: Enforcement actions against traffic offences and contraventions

    Source: Hong Kong Government special administrative region

    Following is a question by the Hon Frankie Yick and a written reply by the Secretary for Transport and Logistics, Ms Mable Chan, in the Legislative Council today (April 16):

    Question:

    It has been reported that from time to time, the Police conduct enforcement actions against specific vehicles to combat offences under the Road Traffic (Construction and Maintenance of Vehicles) Regulations (Cap. 374A). However, some commercial vehicle drivers have indicated that the Police’s enforcement actions in recent years have been too stringent (e.g. vehicles which have just passed the annual examination of the Transport Department are still subject to the issuance of vehicle examination orders or towed away for examination), thus affecting the normal operation of the trade and the livelihood of drivers. In this connection, will the Government inform this Council:

    (1) of the following information on the enforcement actions taken by the Police against various types of commercial vehicles in contravention of Cap. 374A in the past two years: the number of such actions, the number of days, the locations and the police resources involved;

    (2) of the following information on the offences involving contravention of Cap. 374A in each of the past two years: (i) the number of vehicle examination orders issued, (ii) the number of vehicles towed away for examination and (iii) the number of vehicles which were not found to have contravened the regulations after examination, and set out in the table below a breakdown by vehicle class (i.e. (a) taxi, (b) ‍public light bus, (c) student service vehicle, (d) tourist coach and (e) ‍goods vehicle);
     

    Vehicle class (i) (ii) (iii)
    2023 2024 2023 2024 2023 2024
    (a)            
    ……            
    (e)            

    (3) of the most commonly contravened offences under Cap. 374A in the past two years; whether the authorities will step up publicity and education efforts targeting at offences relating to Cap. 374A, so as to ensure road safety; and

    (4) as there are views that the Police’s enforcement actions in respect of traffic offences and contraventions “take the easy way out”, focusing only on unlawful acts relating to the construction of vehicles but neglecting the harm brought about by vehicles used for illegal carriage of passengers for reward (commonly known as “white licence cars”), whether the authorities will step up enforcement actions against white licence cars; if so, of the details; if not, the reasons for that?

    Reply:

    President,

    In respect of the questions about traffic enforcement raised by the Hon Frankie Yick, having consulted the Hong Kong Police Force (HKPF) and the Transport Department (TD), my reply is as follows:

    (1) Taking enforcement action against contraventions of the Road Traffic (Construction and Maintenance of Vehicles) Regulations (Cap. 374A) is a regular duty of the HKPF. The HKPF does not keep a breakdown of the statistics being enquired.

    (2) and (3) The HKPF takes enforcement actions against vehicles which do not comply with the requirements of the Regulations or are unfit for use on road from time to time, including requiring the vehicles concerned to undergo examination to ensure road safety. The vehicle examination dates specified in the vehicle examination orders issued by the TD are normally set at three weeks after the date of issue to allow sufficient time for the vehicle owners to rectify the situation.

    The number of vehicles detained and examined by the HKPF for suspected non-compliance with the Regulations or being unfit for road use, the number of vehicle examination orders issued by the TD in respect of referrals made by the HKPF (excluding those which were towed away by the HKPF for examination), and the number of such vehicles which have passed the examination on the first time in the past two years are set out at the Annex. The HKPF does not keep statistics on the most commonly contravened offences under the Regulations.

    Based on the number of licensed vehicles in Hong Kong in 2023 and 2024, the number of vehicles detained and inspected by the HKPF (including all types of vehicles such as private cars and commercial vehicles) only accounted for 0.3 per cent of the licensed vehicles. As regards the number of vehicle examination orders issued by the TD in response to the HKPF’s referrals, the number of taxi, light buses, buses and goods vehicles issued with examination orders only accounted for 0 per cent to 0.5 per cent of the licensed vehicles of the respective types. Most of the taxis and light buses subject to examination were able to pass the inspection on the first time.

    (4) The Government has been paying close attention to the use of vehicles for illegal carriage of passengers for hire or reward. In taking traffic enforcement actions, apart from following the established guidelines, the HKPF will also consider each case on its own merits and deploy resources flexibly to take appropriate regulatory and enforcement actions. The HKPF has been taking targeted enforcement actions and gathering intelligence through various channels, with a view to combating illegal carriage of passengers for hire or reward. Where sufficient evidence is found indicating that a vehicle without a valid hire car permit is suspected to be used for illegal carriage of passengers for hire or reward, enforcement actions will be taken accordingly.

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Coconut Rhinoceros Beetle Treatments Continues in Kona

    Source: US State of Hawaii

    Coconut Rhinoceros Beetle Treatments Continues in Kona

    Posted on Apr 15, 2025 in Main

    April 15, 2025
    NR25-08

    HONOLULU – The Hawai‘i Department of Agriculture (HDOA), with the assistance of the County of Hawai‘i Public Works Department, have been working collaboratively since January 2025 to combat the coconut rhinoceros beetle (CRB) after detections in the Kona area. The HDOA and Hawai‘i County crews completed the latest round of treatments on palm trees last week at Ellison Onizuka Kona International Airport in the continuing effort to protect the island from CRB infestations.

    “The staff of the Department of Agriculture remains dedicated to stopping the further spread of the coconut rhinoceros beetle, with emphasis in areas that are not known to be infested,” said Sharon Hurd, chairperson of the Hawai‘i Board of Agriculture. “We truly appreciate the concern and assistance of Mayor Kimo Alameda and the county’s public works crew in providing the resources to prevent CRB from taking hold on Hawai‘i Island. We also appreciate all the various agencies and organizations that work tirelessly in the fight against invasive species.”

    Mayor Alameda emphasized the importance of the state and county working collaboratively to protect the island from the invasive species. “The introduction of the coconut rhinoceros beetle is a major concern, and we are committed to doing everything we can—alongside HDOA and our other partners—to stop its spread,” he said.

    In September 2024, HDOA Plant Pest Control (PPC) personnel found a single CRB in a trap during routine monitoring in Waikoloa. This was the first detection of CRB on the island since October 2023 when a Waikoloa resident found six grubs (larvae) in a decaying palm tree stump. Increased surveillance continued throughout the island and more intensely on the Kona side.

    In January 2025, Mayor Alameda and the County of Hawai‘i offered their resources and assistance to HDOA, including the use of their 75-foot boom truck to treat the crowns of palm trees. On January 14, the team treated a total of 38 trees in the Waikoloa area via crown treatments and 24 trees were treated via an injection system which provides systemic protection against CRB. HDOA’s Pesticides Branch was also at the site to assist. So far, there have been no further detections of CRB in Waikoloa.

    On March 3, 2025, the Big Island Invasive Species Committee (BIISC) reported one adult CRB in a detection trap along the boundary of the Ellison Onizuka Kona International Airport. A day later, two more adult CRBs were found in traps at the Natural Energy Laboratory of Hawai‘i (NELHA).

    After the detections, HDOA, county crews and airport staff targeted treatments at the airport over a period of three days in March. The county provided the use of two boom trucks and the team treated 128 trees on the airport grounds and injected 12 more trees that were inaccessible to the boom trucks. So far, there have been no further detections at the airport.

    Last week, on April 7 and 8, crews began work at NELHA and treated 58 trees via crown treatments with about 14 trees treated via injections due to their close proximity to water.

    All palms that were treated were tagged and surrounded with yellow tape to indicate treatment. Coconuts from treated trees should not be consumed. Questions regarding pesticide use may be addressed to HDOA’s Pesticides Branch at 808-973-9402.

    Surveillance for CRB continues around Hawai‘i Island by HDOA, BIISC, University of Hawai‘i, the County of Hawai‘i and the state Department of Health Vector Control Branch.

    Residents on all islands are asked to be vigilant when purchasing mulch, compost and soil products, and to inspect bags for evidence of entry holes. CRB grubs breed in decomposing plant and animal waste. An adult beetle is about 2-inches long, all black and has a single horn on its head.

    Residents may go to the CRB Response website at:  https://www.crbhawaii.org/  to learn more about how to detect the signs of CRB damage and how to identify CRB life stages. Reports of possible CRB infestation may also be made to the state’s toll-free Pest Hotline at 808-643-PEST (7378).

    # # #

    CRB treatment at Ellison Onizuka Kona International Airport

    CRB treatment at Kona Airport

    Waikoloa tree injection treatment

    Waikoloa CRB treatment using boom truck

    Tagging of treated trees – do not consume coconuts

    MIL OSI USA News –

  • MIL-OSI Europe: Written question – Will Europol support Member States and third countries in the fight against terrorist groups that target certain companies and their customers? – E-001418/2025

    Source: European Parliament

    Question for written answer  E-001418/2025
    to the Commission
    Rule 144
    Catherine Griset (PfE)

    In order to strike at the financial interests of Elon Musk, far-left groups in the United States have set up an anonymous website that publishes the personal data of Tesla owners (names, addresses and telephone numbers)[1].

    These same individuals also blew up a Tesla in front of the Trump International Hotel in Las Vegas and regularly set fire to charging stations and vehicles of this brand in the United States.

    The US Attorney General, Pam Bondi, did not hesitate to describe these criminal acts as ‘domestic terrorism’[2].

    This violence is now spreading across Europe, particularly in Member States whose governments are highly indulgent of violent far-left groups. In France, in particular, a Tesla dealership near Toulouse and Tesla vehicles in Niort have been set on fire. The French headquarters of the manufacturer has also been vandalised in recent days.

    • 1.Is the Commission aware of attacks against this company and its customers in other Member States?
    • 2.Can Europol, as part of its mission to support Member States and third countries against terrorism, provide assistance in stopping these violent groups?

    Submitted: 8.4.2025

    • [1] https://www.bvoltaire.fr/aux-etats-unis-comme-en-france-tesla-est-visee-par-des-attaques-dultra-gauche/
    • [2] https://www.francetvinfo.fr/internet/elon-musk/etats-unis-des-hackers-divulguent-les-donnees-personnelles-de-proprietaires-de-tesla-elon-musk-denonce-un-terrorisme-interieur_7141125.html
    Last updated: 16 April 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Trade liberalisation with Ukraine – E-001455/2025

    Source: European Parliament

    Question for written answer  E-001455/2025
    to the Commission
    Rule 144
    Waldemar Buda (ECR)

    The current agreement on the temporary suspension of import duties and quotas on Ukrainian exports to the EU – struck to support Ukraine’s economy in the face of Russian aggression – expires on 5 June 2025. The Commission has made it clear that rather than prolonging this temporary measure, it aims to find a permanent solution for liberalisation of trade with Ukraine by revising Article 29 of the EU-Ukraine Association Agreement[1]. However, little has been shared about the state of play and progress in negotiations with Ukraine.

    Clarity on the situation is needed, also for the economic stability of Member States, particularly these bordering Ukraine.

    • 1.What is the current state of play and how are negotiations with Ukraine on Article 29 of the EU-Ukraine Association Agreement progressing?
    • 2.With less than two months left before the current temporary measures expire and no agreement on the permanent solution in sight, what is the Commission’s backup plan?
    • 3.How will the Commission ensure the right balance and adequate protection of European industry and agriculture?

    Submitted: 9.4.2025

    • [1] Association Agreement between the European Union and its Member States, of the one part, and Ukraine, of the other part, ELI: http://data.europa.eu/eli/agree_internation/2014/295/oj.
    Last updated: 16 April 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Measures to retain and recycle black mass from electric vehicle batteries within the EU – E-001428/2025

    Source: European Parliament

    Question for written answer  E-001428/2025
    to the Commission
    Rule 144
    Thomas Pellerin-Carlin (S&D), Lídia Pereira (PPE)

    Improving electric vehicle battery recycling in the EU is crucial to enhancing the Union’s autonomy and resilience in critical raw materials. Valorising black mass, which contains valuable raw materials such as nickel, cobalt and lithium, is strategically important for the EU economy, particularly for the battery, defence and circular economy sectors. However, it is concerning that, at present, exporting black mass to non-EU countries is often easier than transporting it within the EU. This is due, in part, to a lack of harmonisation of regulations across Europe, and sometimes even within the same country, which makes it difficult to move black mass within the EU. The Commission’s recent decision to classify black mass from batteries as hazardous waste is a step in the right direction, as it will help to prevent easy exports to non-EU countries that are not members of the Organisation for Economic Co-operation and Development (OECD), yet currently a large share of black mass is exported to South Korea, which is an OECD country.

    What steps does the Commission plan to take to further harmonise rules on the transportation of black mass within the EU, to increase black mass retention in the EU and to improve the economic model for recycling black mass within the EU?

    Submitted: 8.4.2025

    Last updated: 16 April 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: Written question – Inadequate checks on road transport in Greece owing to the abandonment of the Joint Inspection Teams – E-001424/2025

    Source: European Parliament

    Question for written answer  E-001424/2025
    to the Commission
    Rule 144
    Elena Kountoura (The Left)

    By means of Law 3446/2006, Greece designated the Joint Inspection Teams (Μικτά Κλιμάκια Ελέγχου), which are made up of representatives from various control bodies and operate under the responsibility of the Regions, as the competent body for carrying out checks on road transport. However, in practice, these teams have essentially ceased to function effectively since 2017, due to the inability of the Regions to cover operational and staffing costs[1]. Therefore, checks are limited to the fragmented actions of the Greek police, customs authorities and the coast guard, with there being insufficient checks to meet the needs in all areas of the country[2].

    This situation has serious consequences, such as tax evasion, unfair competition, illegal transport[3], undeclared goods, illegal cabotage, posted work, uncontrolled fuel movements and risks to public health. In view of the fact that the Commission has in the past initiated infringement proceedings against Greece in relation to this matter:

    • 1.Is it aware of the inadequate functioning of the Joint Inspection Teams in Greece and of the impact thereof on the implementation of EU road transport law?
    • 2.Does it intend to intervene, either authoritatively or by offering support, to restore the functioning of a full and effective control mechanism?
    • 3.What measures does it intend to take to ensure that Greece complies with European legislation and that adequate checks are carried out on road transport?

    Submitted: 8.4.2025

    • [1] They do not have sufficient staff and are unable to cover the necessary costs relating to travel, overtime and field operations.
    • [2] At the border, as well as in the inner parts of the country, there is no competent control mechanism to conduct checks effectively to ensure that freight consignments are transported legally and that the employment and work postings of drivers meet legal requirements.
    • [3] The issue of illegal transport, mainly carried out by foreign trucks, is one of the most critical issues in road transport, as, according to industry professionals, the poor functioning of control mechanisms has led to a dramatic increase in this phenomenon in the last ten years at least. Illegal transport by lorries registered outside Greece results in unfair competition and distortion of the domestic market. At the same time, there are multiple financial infringements and a loss of public revenue resulting from the lack of effective control mechanisms for transported goods.
    Last updated: 16 April 2025

    MIL OSI Europe News –