NewzIntel.com

Category: Vehicles

  • MIL-OSI Security: Marystown — Man injured by shot from small game rifle, Burin Peninsula RCMP looks to identify hunters in area of Grand Le Pierre

    Source: Royal Canadian Mounted Police

    Following the report of a gunshot injury sustained to an individual on the afternoon of October 26, 2024, Burin Peninsula RCMP is looking to identify hunters or any other individuals who may have been present when the incident occurred. The hunting area is located off Route 211, approximately 3 kilometers North/East of the community of Grand La Pierre.

    At approximately 3:30 p.m. on Saturday, Burin Peninsula RCMP received the report of a gunshot injury from the Burin Peninsula Health Care Centre. A man attended the hospital informing that he had been shot while scouting out the area to set some rabbit snares. A 22-Calibre round was removed from the man who was treated for minor injuries. The incident is believed to have occurred sometime earlier that afternoon between 1:00-1:30 p.m.

    No persons or vehicles were observed by the injured man. Police attended the described location but were unable to locate anyone in the area.

    The investigation is continuing.

    Anyone who may have been in the area on Saturday afternoon or who may have information about this incident is asked to contact Burin Peninsula RCMP at 709-279-3001. To remain anonymous, contact Crime Stoppers: #SayItHere 1-800-222-TIPS (8477), visit www.nlcrimestoppers.com or use the P3Tips app.

    MIL Security OSI –

  • MIL-OSI: Jamf Ventures invests in LifeSaver Mobile

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, Oct. 29, 2024 (GLOBE NEWSWIRE) — Jamf (NASDAQ: JAMF), the standard in managing and securing Apple at work, today announced it has invested in LifeSaver Mobile, a leader in Distracted Driving Solutions, through its Jamf Ventures Investment Fund. 

    Announced in October 2022, Jamf Ventures strives to grow the Jamf and Apple ecosystem faster and more comprehensively than Jamf could do alone. The Fund facilitates Jamf partnerships with early-stage founders, entrepreneurs and innovators across the globe that focus on increasing security to further enhance the transformational power of Apple.

    “We’re thrilled to be a Jamf Ventures portfolio company and are excited to continue working with Jamf to eliminate the distracted operation of vehicles caused by our constant addiction to mobile device usage,” said Ted Chen, Co-Founder and CEO of LifeSaver Mobile. “When we first integrated with Jamf back in 2019, we knew we had something special. Our business customers, who typically include fleet managers, safety managers and risk managers, are reporting improved employee compliance, drops in fleet insurance claims and less distracted driving incidents. Our software platform can be used in any use case involving human operation of vehicles like rail transportation, above and below the wing aviation, and forklift operation, and joining Jamf’s family of portfolio companies just makes us more excited about where we could go next.”

    The road for Jamf and LifeSaver Mobile so far
    In March of 2022, Jamf announced the LifeSaver Mobile integration, meant to maximize driver safety easily and without gizmos and gadgets that added more hardware to the vehicle.

    The LifeSaver Mobile solution consists of a mobile application deployed to employees’ phones, with each app managed by a cloud-based fleet portal used by the company’s managers to administer the LifeSaver program. With Jamf, admins can streamline that deployment and prevent employees from deleting the app off of their devices, thus improving employee compliance. Further, LifeSaver gets an added layer of device restriction through real-time locking of iOS devices behind the wheel. The Jamf + LifeSaver Mobile integration prevents screen access, while still allowing phone calls and access to navigation, maximizing driver productivity.

    Why move from integration to investment now?
    According to the CDC, approximately 3,000 people die in accidents involving distracted driving each year. A significant percentage of these accidents are directly related to mobile device usage or texting while driving, and almost 40% of workplace-related fatalities result from transportation incidents.

    With mobile device adoption growing in the transportation sector and states nationwide cracking down even harder on distracted driving, there’s no better time to take the wheel than now.

    “Any time we see an opportunity for technology to make our lives safer, we immediately look for ways to help,” said Jake Mosey, VP of Business Development and Integrations at Jamf. “This investment into LifeSaver is a direct reflection of the hard work and mission-driven innovation Ted and his team have continued to produce. We couldn’t be more excited to work with them to achieve their mission of eliminating distracted driving through mobile solutions.”

    The investment and ongoing partnership with LifeSaver demonstrate Jamf’s ongoing commitment to providing the deskless workforce with optimized and secure mobile devices that empower them to succeed at work. After all, nearly 80% of the world’s workforce – or 2.7 billion people – don’t sit at a desk.

    Customers of the Jamf + LifeSaver integration can rest easy knowing the devices they’re deploying are keeping their employees safe, minimizing costs and empowering their workers to perform their jobs effectively, regardless of their whereabouts.

    LifeSaver joins cloud platform provider SwiftConnect, leading communications platform for hospitality brands Monscierge, and leading browser security provider Conceal as a member of Jamf Ventures.

    Learn more about Jamf and LifeSaver Mobile here and more about Jamf Ventures here.

    About Jamf
    Jamf’s purpose is to simplify work by helping organizations manage and secure an Apple experience that end users love and organizations trust. Jamf is the only company in the world that provides a complete management and security solution for an Apple-first environment that is enterprise secure, consumer simple and protects personal privacy. To learn more, visit www.jamf.com.

    Media Contact:
    Natali Brockett | media@jamf.com

    Investor Contact:
    Jennifer Gaumond | ir@jamf.com

    The MIL Network –

  • MIL-OSI Global: Haiti’s gangs turn to starving children to bolster their ranks

    Source: The Conversation – UK – By Amalendu Misra, Professor of International Politics, Lancaster University

    After months of relentless gang violence, thousands of killings, and the unseating of a government, Haiti is faced with another heartbreaking issue which seems likely to prolong the Caribbean island nation’s woes for another generation. Testimonies collected by Amnesty International have uncovered how Haiti’s armed gangs are enlisting hundreds of children.

    Ana Piquer, Americas director at Amnesty International, says: “We have documented heartbreaking stories of children forced to work for gangs: from running deliveries to gathering information and performing domestic tasks under threats of violence.”

    Boys as young as six are being forced to work as lookouts, made to build street barriers, trained to use machine guns, and are being ordered to participate in kidnappings and other acts of violence. Girls in the possession of gangs are subjected to rape and other forms of sexual violence by older male gang members, according to Piquer.

    Haiti’s 200 or so armed gangs currently control around 90% of the capital city, Port-au-Prince, and large parts of the country are ungovernable. The collapse in law and order has allowed gang leaders such as Jimmy “Barbecue” Chérizier to commit terrible atrocities largely unchallenged.



    Read more:
    Jimmy ‘Barbecue’ Chérizier: the gangster behind the violence in Haiti who may have political aspirations of his own

    The involvement of children in Haiti’s gangs is not exactly new. According to Unicef, between 30% and 50% of children in Haiti are involved with armed groups in some capacity. There are several socioeconomic explanations for this.

    Haiti was once the wealthiest European colony in the Americas – and staged the only ever successful slave rebellion against its French colonial masters before declaring independence in 1804. But modern Haiti is a failed state where more than half of the population now live below the World Bank’s poverty line.

    According to figures published by the International Fund for Agricultural Development, Haiti has the highest prevalence of food insecurity in Latin America and the Caribbean. One-third of the population goes hungry every day.

    Impoverishment and grinding poverty has made the population desperate. With limited options for survival, many children in Haiti are drawn into criminal groups. At times, the promise of a single meal can be enough to attract a child to join a gang.

    That said, the breakdown of order throughout the country has undoubtedly encouraged the gangs to increase their recruitment of children. As with most conflict zones, once indoctrinated, child soldiers make for cheap and deadly combatants.

    There is also one other specific social factor that contributes to some parents turning a blind eye to their children joining the gangs. The prevalence of child recruitment by gangs can be linked to a Haitian socioeconomic practice called restaveks.

    A restavek, which is Creole for “to stay with”, is a child who is given away by impoverished parents with the unwritten understanding that they will be fed, looked after and will not die of hunger. It has become a form of modern-day slavery.

    The End Slavery Now project has found that “more than 300,000 children are victims of domestic slavery” in Haiti today. Many of these children regularly undergo forms of physical and sexual violence.

    A set pattern

    Child sex slavery and sexual abuse are familiar occurrences in societies torn by civil war. It is more likely to take place in settings where the process of governance is weak or non-existent. This situation facilitates conditions of criminal impunity, leading various actors involved in conflict to sexually exploit children.

    There is an established pattern of predatory child sexual slavery in Haiti. Following the devastating earthquake that struck Haiti in 2010 and the ensuing cholera epidemic, some members of the UN peacekeeping force stationed in the country were found to have been running a child sex racket.

    In 2017, an investigation by the Associated Press revealed at least 134 Sri Lankan peacekeepers were involved. It has been documented that girls as young as 11 were sexually abused and impregnated by the peacekeepers, and then subsequently abandoned to raise their children alone. Impoverished and starving Haitian children fell victim to this racket in exchange for scraps of the peacekeepers’ leftover food.

    According to its own admission, the UN peacekeeping force was responsible for “transactional sex” during its operations in the country.



    Read more:
    ‘They put a few coins in your hands to drop a baby in you’ – 265 stories of Haitian children abandoned by UN fathers

    In 2019, the UN secretary general, António Guterres, branded violence against children as a “silent emergency” of our time. Unfortunately, not much is being done to address this challenge, despite the urgency of Guterres’ statement.

    There are many existential challenges facing Haiti. Some of them are homegrown, such as the prevalence of gangs and their terror techniques.

    But, as it is located on a geological fault line in a region susceptible to severe storms, Haiti is particularly prone to natural disasters. A devastating earthquake in 2010 and a cholera epidemic in 2016 debilitated the country, and the knock-on effects will last decades.

    To make matters worse, Haiti also suffers from a compassion deficit. A lack of real engagement from the international community has contributed to the erosion of the Haitian civil society and left the population at the mercy of gang violence.

    Even the Kenyan-led policing mission tasked with restoring order is suffering from inadequate funding and equipment, which has affected its operational capacity. Only around US$400 million (£308 million) of the US$600 million that was originally pledged for the mission has materialised, with the US shouldering a disproportionate financial burden.

    Preoccupied with more high-profile conflicts elsewhere, the international community appears to have little interest in the horrors that are unfolding under the tropical sun in the faraway Caribbean.

    Amalendu Misra is a recipient of British Academy and Nuffield Foundation fellowships.

    – ref. Haiti’s gangs turn to starving children to bolster their ranks – https://theconversation.com/haitis-gangs-turn-to-starving-children-to-bolster-their-ranks-241386

    MIL OSI – Global Reports –

  • MIL-OSI: Sono Group N.V. to Present at the AI & Technology Virtual Investor Conference October 31st

    Source: GlobeNewswire (MIL-OSI)

    MUNICH, Oct. 29, 2024 (GLOBE NEWSWIRE) — The solar technology company Sono Group N.V. (OTCQB: SEVCF) (hereafter referred to as “Sono” or the “Company”, parent company to Sono Motors GmbH or “Sono Motors”) is pleased to announce that George O’Leary, Managing Director, CEO and CFO of Sono, will present live at the AI & Technology Virtual Investor Conference hosted by VirtualInvestorConferences.com, on October 31st, 2024.

    DATE: October 31st
    TIME: 1:00 – 1:30 pm ET
    LINK: https://bit.ly/3ASgcyv
    Available for 1×1 meetings: November 1, 4 and 5

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.

    Learn more about the event at www.virtualinvestorconferences.com.

    Recent Company Highlights

    About Sono Group N.V.

    Sono Group N.V. (OTCQB: SEVCF) and its wholly owned subsidiary Sono Motors GmbH are on a pioneering mission to accelerate the revolution of mobility by making every commercial vehicle solar. Their disruptive solar technology has been developed to enable seamless integration into all types of commercial vehicles to reduce the impact of CO2 emissions and pave the way for climate-friendly mobility. The companies’ unmatched solar technology has multiple applications in commercial vehicles such as buses, trailers, trucks, vans and recreational vehicles.

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Sono Group N.V.
    Press:
    press@sonomotors.com | ir.sonomotors.com/news-events
    Investors:
    ir@sonomotors.com | ir.sonomotors.com
    LinkedIn:
    https://www.linkedin.com/company/sonogroupnv

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI Security: Elsipogtog — Man arrested and charged in connection with Elsipogtog arson and mischief

    Source: Royal Canadian Mounted Police

    The Elsipogtog RCMP Detachment has arrested a 29-year-old man in connection with an arson and mischief in Elsipogtog.

    On October 23, 2024, at approximately 8:20 p.m., members working at the Elsipogtog RCMP Detachment heard a loud bang. A short time later, it was discovered that the detachment building and one unmarked police vehicle had been vandalized. The same night at approximately 8:41 p.m., police received a report of a residence on fire on Levi Street in Elsipogtog.

    Upon investigation, police were able to identify a person of interest. A 29-year-old man from Elsipogtog First Nation was located and arrested without incident.

    On October 25, 2024, 29-year-old Sonny Travis Bayley Francis appeared in Moncton Provincial Court where he was charged with:

    – Arson
    – Two counts of mischief under $5000
    – Three counts of failure to comply with a release order

    He was remanded in custody and is scheduled to return to court on November 8, 2024, for a bail hearing.

    Anyone with information that could help further the investigation is asked to contact the Elsipogtog RCMP Detachment at 506-523-8282. Information can also be provided anonymously through Crime Stoppers by calling 1-800-222-TIPS (8477), by downloading the secure P3 Mobile App, or by Secure Web Tips at www.crimenb.ca.

    The investigation is ongoing.

    MIL Security OSI –

  • MIL-OSI USA: SBA Stands Ready to Assist Havasupai Tribe Businesses and Residents Affected by the Flooding

    Source: United States Small Business Administration

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

    SACRAMENTO, Calif. – Low-interest federal disaster loans are now available to Havasupai Tribe businesses and residents as a result of President Biden’s major disaster declaration, U.S. Small Business Administration’s Administrator Isabel Casillas Guzman announced.

    The declaration covers the Havasupai Tribe as a result of the flooding that occurred Aug. 22-23.

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

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

    “SBA’s disaster loan program offers an important advantage–the chance to incorporate measures that can reduce the risk of future damage,” said Francisco Sánchez, Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration. “Work with contractors and mitigation professionals to strengthen your property and take advantage of the opportunity to request additional SBA disaster loan funds for these proactive improvements.”

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

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

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

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

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

    As soon as Federal-State Disaster Recovery Centers open throughout the affected area, SBA will provide one-on-one assistance to disaster loan applicants. Additional information and details on the location of disaster recovery centers is available by calling the SBA Customer Service Center at (800) 659-2955.

    ###

    About the U.S. Small Business Administration

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

    MIL OSI USA News –

  • MIL-OSI: Form 8.3 – Good Energy Group Plc

    Source: GlobeNewswire (MIL-OSI)

    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: Rathbones Group Plc
    (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.    		  
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 Good Energy Group plc
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 28/10/2024
    (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”    		 No

    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 Ord
      Interests Short positions
      Number % Number %
    (1)   Relevant securities owned and/or controlled: 338,643 1.85%    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        

            TOTAL:

    		 338,643 1.85%    

    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
           

    (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
             

    (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
                   

    (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)
           

    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: 29/10/2024
    Contact name: Chinwe Enyi – Compliance Department
    Telephone number: 0151 243 7053

    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.

    The MIL Network –

  • MIL-OSI USA: Congresswoman Sylvia Garcia Celebrates EPA Grant for Port Houston’s PORT SHIFT Initiative

    Source: United States House of Representatives – Congresswoman Sylvia Garcia (TX-29)

    Houston, TX – Congresswoman Sylvia R. Garcia (D-TX-29) announced today that Port Houston’s innovative PORT SHIFT program has been selected to receive $2,983,457 in funding from the Environmental Protection Agency’s Clean Ports Program. This grant, funded by the Inflation Reduction Act, is a critical investment in cleaner air, reduced emissions, and green job opportunities for the region. 

    “I’m thrilled that Port Houston has been chosen for this Environmental Protection Agency grant, which will bring real, lasting benefits for our environment, economy, and the health of all families in the region. With its ambitious PORT SHIFT program, Houston is taking a bold step toward a cleaner, more sustainable future, and I’m proud to have helped make this possible by voting for the Inflation Reduction Act,” said Congresswoman Garcia.

    “PORT SHIFT is about more than moving cargo—it’s about building a port that’s prepared for the future and a community that’s healthier and stronger. With investments in zero-emission trucks, cleaner cargo handling, workforce training, and community engagement, Port Houston is setting the standard for what ports across America can accomplish. The Inflation Reduction Act is already paying off for the greater Houston region, and I’m excited to see Houston lead the charge toward a sustainable, greener future that benefits all,” concluded Congresswoman Garcia.

    “Port Houston is vital to our local, state, and national economy. This funding from the Environmental Protection Agency will support moving towards a more sustainable way of conducting port operations through the deployment of new zero-emission technology and ensure shore power readiness at all seven wharves at the Bayport Container Terminal,” said Houston City Council Member Joaquin Martinez. 

    “More importantly, near port communities will benefit from the grant’s plan to focus on climate and air quality planning. I’m grateful to Congresswoman Garcia for her leadership in securing this funding from the EPA and look forward to our continued partnership towards achieving carbon neutrality by 2050,” concluded Martinez. 

    The grant funding announced today will support climate and air quality efforts at Port Houston, including: 

    • Emissions inventory
    • Emissions reduction strategy analysis including truck route analysis, infrastructure cost assessment, climate action planning, and developing a performance measurement framework
    • Stakeholder collaboration with communities, trucking industry, and workforce
    • Resiliency planning

    Congresswoman Garcia in May led a letter to EPA Administrator Michael Regan alongside her colleagues, urging support for Port Houston’s grant applications. The letter emphasized how PORT SHIFT’s climate and zero-emission technology initiatives would transform the freight sector, reduce diesel pollution, and engage and empower nearby communities, particularly low-income and disadvantaged neighborhoods.

    The Inflation Reduction Act of 2022 allocated $3 billion to the EPA’s Clean Ports Program to fund zero-emission port equipment and climate planning at U.S. ports. This program aims to build a zero-emissions foundation across the port sector, improve public health, and set a new standard for environmental engagement in near-port communities.

    MIL OSI USA News –

  • MIL-OSI Security: Muskegon Heights Man Sentenced For Illegally Possessing Gun As A Felon

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

            Case Reflects Ongoing Commitment to Protect Victims of Domestic Violence

              GRAND RAPIDS – U.S. Attorney for the Western District of Michigan Mark Totten today announced that Dequarius Quitman Day, 32, of Muskegon Heights, was sentenced to 60 months in federal prison followed by three years of supervised release for being a felon in possession of a firearm. Day’s crime was especially concerning because of his history of domestic violence, including his threatening actions in this case.  He previously pleaded guilty in July 2024.

              “Too many women who crossed Mr. Day’s path lived in fear of violence,” said U.S. Attorney Mark Totten. “For the millions of Americans who face domestic violence, an abuser’s access to a gun can mean the difference between life and death. We stand with the victims of domestic violence and will continue to do everything we can to protect them.”

              On December 25, 2023, Day pointed a firearm at the mother of one of his children and threatened to shoot her. While on the phone with 911 requesting assistance, the woman provided the operator Day’s name, a description of his vehicle, a description of the firearm, and informed the operator he had a warrant for his arrest.

              Day fled the scene in a vehicle but soon returned on foot to retrieve his cell phone. At that time, law enforcement placed him under arrest. Day lied to officers, claiming he did not have a vehicle. Law enforcement searched the surrounding area and located his vehicle parked a few blocks away. A loaded Taurus 9-millimeter pistol was found under a seat in the car as well.

              Day had prior felony convictions prohibiting him from possessing firearms and had an active warrant for an alleged assault against the victim’s pregnant sister on December 9, 2023. He has been charged by the Muskegon County Prosecutor’s Office for both the December 9 and December 25 assaults and is presumed innocent of those changes until proven guilty beyond a reasonable doubt.

              Domestic violence is a pattern of abusive behavior in any relationship that is used by one partner to gain or maintain power and control over another intimate partner. Across the nation and in Michigan domestic violence is a serious threat. According to the National Coalition Against Domestic Violence, 1 in 3 women and 1 in 4 men have experienced some form of physical violence by an intimate partner. Moreover, studies have shown that domestic violence perpetrators often use firearms to abuse and control their victims, who are five times as likely to be killed if their abuser has access to a firearm.

              The U.S. Attorney’s Office for the Western District of Michigan has brought other cases to address the threat of domestic violence, which include the following:

              In addition, the U.S. Attorney’s Office for the Western District of Michigan recently announced a special partnership with the City of Lansing to address domestic violence in that city as part of a nationwide program.

              Victims of domestic violence who feel they are in imminent danger or fear a threat of harm should call 911.  The following national hotlines are also available to help victims:

    • Victim Connect: 1-855-4VICTIM (1-855-484-2846)
    • National Domestic Violence Hotline: 1−800−799−7233 or TTY 1−800−787−3224 (or text START to 88788)
    • The National Sexual Assault Hotline: 1-800-656-HOPE (4673)

              The Muskegon Township Police Department and the Bureau of Alcohol, Tobacco, Firearms and Explosives investigated this case, and Assistant U.S. Attorney Alexia Jansen is prosecuting it.

              This case is part of Project Safe Neighborhoods (PSN), a program bringing together federal, state, local, and tribal law enforcement, and the local community to develop effective, locally based strategies to reduce violent crime. For more information, visit www.justice.gov/psn.

    # # #

    MIL Security OSI –

  • MIL-OSI USA: National Press Club

    Source: US Department of Veterans Affairs

    Good morning. Emily Wilkins, thanks for that kind introduction, and for leading this important organization. Let me recognize the Press Club’s American Legion Post and its commander, Tom Young, and all the Veterans Service Organizations represented here. Veterans Service Organizations are critical to helping us serve Vets, their family members, caregivers, and survivors.

    I want to thank all the journalists who served our country in uniform. Journalists like Thomas Gibbons-Neff, a Marine combat Vet and the son of a combat Vet, who writes powerfully now about the ongoing conflict in Ukraine. I’ve been particularly struck by his writing on the end of America’s deployments to and withdrawal from Afghanistan.

    While I want to be careful here as a non-Veteran myself, it struck me that his writing brought to life the painful experiences that thousands of his fellow Afghanistan Vets wrestle with to this day. Navy Veteran Zack Baddorf, founder of the group Military Veterans in Journalism, is helping ensure more Vets go into journalism, a vocation that is so important to our democracy that Vets have sacrificed everything to protect it.

    Zach’s getting more Vets into newsrooms around the country—improving coverage of Veterans issues and increasing trust in the media. To Thomas and Zack, to all Veteran journalists, and to all journalists—thank you.

    Veterans Day is around the corner, so now’s a good time to begin preparing our hearts and minds for that celebration—remembering, recognizing, and thanking all those men and women who have fought our nation’s wars and defended us during periods of restless peace. But our profound gratitude to Veterans goes beyond Veterans Day, because Vets continue serving this country long after they take off their uniforms.

    They’ve dedicated themselves to building an America that is stronger, freer, fairer for each new generation, that more perfect Union we all seek. Anchored by their commitment to service over self, they continue serving this country, always looking out for one another, with their enduring sense of duty, valor, and love of country. Veterans set the highest example of what it means to be an American citizen. So, at VA, we strive to serve Vets every bit as well as they served—and continue to serve—all of us. Veterans Day is a time to renew that commitment, renew what President Biden calls our country’s one truly sacred obligation—to prepare those we send into harm’s way, and to care for them and their families when they come home.

    Now, when I first spoke to the Press Club four years ago, the country was in a historic public health emergency, and VA’s employees were risking their lives to save the lives of Veterans. Despite those challenges, I told you that VA public servants were breaking all-time records, providing more care and more benefits to more Vets than ever before. And each year, I’ve come back here with a similar report. This year is no different. By nearly every metric, VA’s smashing records we set last year. That’s even more care, more benefits, to more Vets. And it’s not just more care. It’s better, world-class care, and it’s better health outcomes for Veterans than in the private sector. It’s not just more benefits, it’s faster, more accessible benefits we’re delivering by meeting Vets where they are rather than expecting them to come to us. And it’s not just more Vets, its more Vets trusting VA at rates higher than ever before. President Biden, a military family member and the surviving father of combat Veteran Major Beau Biden, has been unrelenting—and forcefully demanding—in his advocacy for Veterans and their families. He has spent his entire career fighting like hell for Vets, just as he charged me and my VA teammates to do four years ago. Under President Biden’s leadership, VA has been made into something different—something new.

    Nowhere has that been more evident than with President Biden’s toxic exposure law—the PACT Act. Because of that law, more than 5.8 million Vets have been screened for toxic exposures. More than 740,000 have enrolled in VA care. And more than 1.1 million Veterans and 11,000 survivors are receiving benefits. The toxic exposure legislation called for a phased-in approach, getting Vets access to care and benefits as late, in some cases, as 2032. But President Biden made it clear that timeline wasn’t fast enough for one simple reason—for too long, too many Vets were exposed to harmful substances and waited decades for help. So, he directed us to accelerate implementation so all eligible Vets and their survivors got the care and benefits they deserve—as quickly as possible.  

    And that has been life-changing for so many families.

    We can measure President Biden’s record-breaking work on behalf of Veterans—on ending Veteran homelessness, on removing barriers to mental health care, on getting Vets in crisis the support they need when they need it, and more. In fact, you probably saw the press release we put out this morning detailing all of VA’s record-breaking accomplishments over the course of the past year. But we can never put a value on the countless miracles that have improved and made Veterans lives better. Numbers and statistics can’t adequately describe the impact. Dollars and data can’t ever really begin to capture and communicate the values, the personalities, the humanity of the Veterans we have the honor of serving. So, as I prepared for today’s speech, I thought, maybe those are the very things we need to talk about. Let me tell you three stories that demonstrate the impact and importance of the work we do, together.

    I’ll start with Angela Bell. I met Angela in Hampton, Virginia last month. Angela is one of the most generous and courageous people I’ve ever met. She lost her son, Sean, and has turned her grief into action. Let me tell you a little bit about Sean. Sean knew he wanted to join the military since he was a kid. He was so determined to enlist after graduating high school that at 17 years old he got his dad to sign the parental consent paperwork. And Sean served all over America—Georgia, North Carolina, California—served all over the world, Korea, Afghanistan, Iraq. He married and had a son, Giovanni.

    He earned his Bachelor’s degree. He earned a Master’s. He earned a second Master’s and was working on his Ph.D.—he liked to tease his mom, telling her she’d have to start calling him Dr. Bell. Sean was the kind of guy who’d invite other Soldiers over to Angela’s house for Thanksgiving because they had nowhere else to go. He’d ask his mom to send him extra care packages while he was on deployment, not for himself, but to share with his brothers- and sisters-in-arms who didn’t get anything from back home. He’s an example of the selfless Vet I was talking about a few minutes ago.

    Well, after Sean came back from his second deployment to Central Command, Angela started noticing some changes. Every time firecrackers went off, he’d jump. Being in traffic was overwhelming, anxious about other vehicles around him. He was enduring some personal problems, family health issues and more. When Angela tried to get Sean help, he refused, worried about losing his clearance. Sean had served in the Army for 20 years. And just a few weeks before his retirement in 2021, he died by suicide.

    Now, I’ve spoken at many events focused on VA’s and our partners’ work to end Veteran suicide. I’ve explained that ending Veteran suicide is our number one clinical priority at VA. I’ve talked about resourcing and about people and organizations singularly devoted to end Veteran suicide. I’ve talked about data and processes and what we’re doing to try to make a real, substantial difference—promising initiatives. And I’ve shared story after story about Veterans not just surviving, but getting the mental health care they need and thriving. Yet, none of that will bring Sean back or heal his family’s heartbreak. None of that gets to the enormous tragedy of Veteran suicide or gets to the powerful, painful emotions.

    So, here’s why I’m telling Sean’s story, Angela’s story. Angela’s doing everything she can do so other families don’t suffer the same devastation when she lost Sean, when this country lost Sean. “I try to be the face of [those] who [were] left behind,” Angela says. “I’m so passionate about telling his story because if it helps one person, whether I know it or not, then I’m doing what I’m supposed to do.” She said, “People tell me I’m so strong. I’m not. I’m a mom, advocating and fighting for my kid.” Angela’s the President of the Hampton Roads Chapter of American Gold Star Mothers, and she often speaks on our work to end Veteran suicide. Thanksgiving was Sean and Angela’s favorite holiday.  And in his memory, Angela hosts an annual Thanksgiving meal and invites servicemembers, Veterans, and their families to join her. The gathering quickly outgrew her dinner table, and then got too big for her home. This year, Angela’s renting a dining hall to host dozens of families from the military community to share a warm Thanksgiving meal together. The community she’s built has helped Angela heal. And she heals by helping others, so they’re not alone, and so they know there is always, always hope. Those are the kind of people we have the incredible privilege and honor to serve at VA.

    But we have so much work to do to keep our promise to Vets. That leads me to my next story. It was almost exactly 23 years ago—October 5th, 2001—when the first US forces arrived at the Karshi-Khanabad air base in Uzbekistan, a former Soviet base known as “K2.” K2 Veterans were among the first to deploy after the September 11th terrorist attacks, bravely conducting and supporting combat missions against al-Qaeda and the Taliban in Afghanistan. They went to a place at K2 that Veterans often describe as a “toxic soup” of exposures, a place unlike other operating bases occupied by American forces. A place that jeopardized their immediate and long-term health. Colonel Gordon Peters vividly describes what he says was a “chemical odor so intense that it seemed as if someone could light a match and the entire area would ignite.” Some K2 Vets returned home and developed disabling illnesses and conditions. Their service is heroic.

    Mindful of the passage of time since their heroic service, we’ve moved aggressively to care for K2 Vets since the PACT Act was passed in 2022.

    • First, we eliminated the PACT Act phase-in period for presumptive benefits—making all K2 Vets immediately eligible for more than 300 presumptive conditions.
    • Second, earlier this year, we made all K2 Veterans eligible for VA health care, whether or not they’ve filed a benefits claim with VA.
    • Third, after consulting with K2 Vets this summer, we’ve begun rulemaking to make chronic multi-symptom illness—also known as Gulf War Illness—a presumptive condition for K2 Veterans, fixing a gap in the PACT Act.
    • Fourth, for every K2 claim, we’ve made sure the unique toxic exposures at K2—that toxic soup—is taken into account, and each new K2 claim gets reviewed a second time before VA reaches a final decision.
    • And fifth, we’ve reached out to every known living K2 Veteran to encourage them to come to us for the care and benefits they deserve.

    All of that work has been driven by Veteran and survivor advocates, reporters like you, and a tireless VA team working on toxic exposures, some of the best toxic exposure researchers, scientists, and epidemiologists in the world. Because of that hard work,

    13,000 of the 16,000 K2 Vets are enrolled in VA healthcare, nearly 12,000 are service-connected for at least one condition, receiving an average of $30,000 a year in earned benefits. All told, K2 Vets now have higher claim and approval rates than any other cohort of Veterans.

    But we have more work to do to get this right. Some K2 Vets still understandably feel overlooked, because they’ve waited for 23 long years to see their uniquely dangerous service recognized. We still have to do better and be better, for those K2 Vets. That’s why, today, I’m proud to announce that VA will begin rulemaking to add bladder, ureter, and other genitourinary—or GU cancers—as new presumptive conditions for K2 Vets and all eligible toxic-exposed Vets. And we aren’t stopping there.

    Next week, we will complete the scientific review of multiple myeloma and leukemias. The preliminary findings are promising and suggest that VA will be able to make those conditions presumptive for K2 Veterans and all eligible Veterans. And once the final results are in, VA will look to extend that presumption to all biologically linked blood cancers. This may include polycethemia vera—or P. Vera—a condition identified by K2 Vets. We will do so based on biological science and on the results of a PACT Act presumptive process, without requiring Vets to wait for VA to complete additional studies. And moving forward, I am committed to establishing service connection for any rare condition found in K2 Vets which has a plausible biological link to the toxic soup we know and acknowledge was present at K2.

    Because we are a new VA. One that works with Veterans for Veterans. And one that delivers outcomes for Veterans. We will no longer take decades to consider new presumptive conditions, but will instead use the tools provided by the PACT Act as quickly as possible to proactively establish service connections whenever the evidence supports it. We put that promise into action in 2021 when the President directed us to work on a Central Command burn pit presumption, nearly two years before passage of the PACT Act. We put it into action in 2022 when we established service connection for asthma, sinusitis, rhinitis, and rare respiratory cancers—again today with GU cancers and soon for multiple myeloma and blood cancers. We’ll continue proving that we’re a new VA by using the expedited PACT Act process to look further into that toxic soup at K2. The President considers this unfinished business—and expects VA to establish a presumption of service connection for every condition associated with deployment to K2 – and we’re committed to doing so.

    We have to keep listening to K2 Vets and all Vets. We have to keep fighting like hell for them. So, thank you to the Vets, advocates, and journalists who have been instrumental in highlighting the heroes who served at K2. You make us better by holding us accountable. We are proud of our accomplishments, these outcomes for Veterans. But we are candid when we come up short—candid with ourselves, with you, with Vets, with Congress, and with the American people. America’s Vets deserve our very best, and we’ll never settle for anything less. Hold us to it.

    Third and finally—let me talk about VA’s people—your public servants—who are keeping our country’s sacred obligation to Vets. They are the best, most compassionate, highest-performing, and most dedicated workforce in the federal government—in the entire country—folks who want to make real differences in the lives of Veterans. I’m proud and I’m privileged to be on their team.

    I’m reminded of that every single day, but it was driven home most profoundly when I was surveying Hurricane Helene’s destruction in Asheville, North Carolina. For over a month now, the Asheville VA, the VISN 6 leadership team, and their incident command team have been working around the clock, tirelessly, to support Vets and staff impacted by the storm. Asheville VA’s food service employees and the Veterans Canteen Service disaster response team loaded up two tons of food and served 17,000 meals in the first week of recovery efforts, a source of great comfort in the aftermath of the crisis.

    Their Volunteer Services have collected thousands of donations from fellow VA employees. And our chaplains have been holding candlelight vigils, a space for Veterans and VA staff to be together … supporting and comforting one another during this tragedy.

    In the hardest hit areas across Western North Carolina, we identified over 2,600 at-risk Vets, Vets undergoing chemotherapy, with spinal cord injuries, requiring oxygen, and other support. We couldn’t call many of them because phones were out—cell phones and landlines—so right after the hurricane, VA teams went out to check on unaccounted Vets in-person. They achieved 100% accountability for all at-risk Vets in their care. Given the devastation in those communities, that is an amazing accomplishment. And they continue reaching out to Veterans in the area to make sure they have everything they need.

    For VA nurses Melissa Mehaffey and Lisa Sellers, taking care of Vets in this crisis is their duty and it’s also about holding tight to hope. Lisa and Melissa have been a pair since starting at VA on the same day ten years ago. They’re Haywood County natives and came to work at VA because they have family members who are Vets. “Here,” Melissa says, “it’s all about the Veteran. The heart of our system is with our patients.”

    “When we got a name, we knew—those are our people,” Melissa said. “We’re going to find them, figure out what they need, and help them. We’re going to make sure they are ok.” She says, “Going out there and taking care of our people … this was our tiny piece of hope.” One of the Vets they checked on had been without power, and no one could reach him by phone. He wrote us a letter. “No one but VA,” he said, “No one but VA would do something like that … in that moment there was a human connection that no other healthcare system would have even thought of.”

    Army Veteran and VA employee Corey Anderson feels the same way. Corey was deployed to Kuwait and Iraq from 2005 to 2007, and the devastation he saw in Asheville reminded him of war zones. Corey went to check on one rural Veteran, drove until the road was gone, washed away. So what did Corey do? He parked his car in the middle of the road and hiked the rest of the way. He climbed up the mountainside with a pack full of supplies for the Veterans’ upcoming medical procedure. Corey says, “Doing this work means the world to me. I’m a Veteran. My dad, mom, sister, and so much of my family is made up of Veterans. It just means the world to me to do my part.” Veterans helping Veterans, there is nothing better. VA’s employees across the Southeast and Appalachia—people like Melissa, like Lisa and Corey—worked long hours through two devastating hurricanes, some working multiple shifts or staying overnight at the hospital. They risked their own lives to serve Veterans. Because whether we’re in times of calm or chaos, VA’s public servants always mobilize around one core mission—saving and improving Veterans’ lives. And right now there are Veterans at home, with their families—happy, safe, and healthy—because of them. I am incredibly grateful to each and every one of them.

    Now, our mission at VA is far from over. There are huge challenges ahead. And as we look to the future, we’re going to continue to do better for Vets. We’re going to continue to be better for Vets. This future at VA isn’t because of me. In fact, I had asked that this new VA be represented here today at the Press Club by the best face of this new VA: our Deputy Secretary, a combat Veteran, the daughter and granddaughter of combat Veterans, someone who gets her care at VA, and someone who is part of the fastest growing cadre of Veterans at VA: women. The VA is new and more effective because of the Veterans, their families, caregivers, and survivors we are so blessed to serve—and because of Veterans like Tanya Bradsher who serve their fellow Veterans.

    This future is because of the 450,000 VA employees in your communities and neighborhoods across the country who keep Vets at the heart of their care. And it’s because of partners like you, too.

    I’ll close with a final word to the Vets watching today. Your honorable service in uniform sets the example for the rest of the country. You’re the keepers of our national ethos—that deep and abiding sense of purpose you learned in serving, your camaraderie and your care for each other, your sense of teamwork that made you stronger, together—in combat and, now, in your communities. That’s exactly what we need, what this country needs. Your examples are something that all of us can learn from. So, again, to all Veterans—those of you here today and those watching, thank you for everything. And to the Press Club, my thanks for all that you do holding us accountable to Vets, and telling their stories in the powerful ways that you do. God bless you all. And God bless our nation’s servicemembers, our Veterans, their families, caregivers, and survivors. With that, Emily, let’s go to questions.

    MIL OSI USA News –

  • MIL-OSI USA: NREL’s Commercial Electric Vehicle Cost-of-Ownership Tool Is Best in Class—And Free

    Source: US National Renewable Energy Laboratory

    Researchers from NREL have released a new version of the Transportation Technology Total Cost of Ownership tool, known as T3CO—the most sophisticated open-source commercial vehicle TCO tool available today. Photo from Toyota Motor North America

    Commercial vehicle owners stand to gain a lot from the transition to zero-emission vehicles (ZEVs). With lower maintenance and energy costs and the potential for generous tax credits and rebates, ZEVs can save businesses money over the long run.

    Unfortunately, the math behind a transition to ZEVs gets complicated quickly. Unlike diesel vehicles, which have long provided a “one size fits most” solution for commercial fleets, ZEVs are much less standardized. Their total cost of ownership (TCO) can change based on a wide array of variables, from the size of their battery to the price of electricity and the time it takes to recharge their batteries. Fleets and manufacturers can be left wondering which vehicle is the right fit for their operations—and how much it really costs.

    Now, researchers from the National Renewable Energy Laboratory (NREL) have released a new version of the Transportation Technology Total Cost of Ownership tool, known as T3CO—the most sophisticated open-source commercial vehicle TCO tool available today.

    T3CO enables fast analyses that can provide comprehensive insights into the life-cycle costs of decarbonized vehicles, from upfront investments and operating costs to the opportunity costs that can be presented by zero-emissions commercial vehicles. As fleets worldwide accelerate their transitions to electric vehicles, T3CO is ready to guide cost-effective purchasing decisions.

    “I believe in realism,” said Alicia Birky, an NREL commercial vehicles researcher who led the tool’s most recent developments. “When researchers, manufacturers, and fleet owners are making decisions about what vehicles to invest in, they need a total cost of ownership analysis with a level of detail that hasn’t been possible in the past.”

    T3CO, Birky said, “is our way of giving researchers and other decision makers the best possible tools for understanding how to meet a fleet’s needs with new vehicle powertrains and what trade-offs they might see with different technologies.”

    T3CO Is Fast, Accessible, and Free

    While T3CO has been in use at NREL for more than 15 years, a rebuilt, user-friendly version is now available to the public as a free, open-source tool. The full model documentation is available online, and a new quick-start guide can help users rapidly begin generating results.

    T3CO has been in use at NREL for more than five years. Now, a rebuilt, user-friendly version is widely available to the public. Image by NREL

    “Anyone with Python knowledge can install T3CO and begin to create their own analyses,” said NREL’s Harish Panneer Selvam, a commercial vehicle technologies researcher who designed the tool’s new technical features. “We’ve restructured the whole tool to make it as useable and accessible as possible.”

    T3CO has always provided powerful cost capabilities tailored to a vehicle’s specifications, thanks to its integration with NREL’s Future Automotive Systems Technology Simulator (FASTSim), a rapid powertrain simulation model. Now, it has a host of new features.

    Among them is a batch mode capability, which allows T3CO to run tens of thousands of vehicle simulations in a short period—without requiring the use of a supercomputer. In addition, a built-in optimization module allows users to size vehicle components to meet performance and operational requirements at minimum cost.

    “T3CO’s optimization toolbox trades off the value of different energy saving approaches, like aerodynamics and lightweighting, against the cost of larger motors and batteries,” Panneer Selvam said. “It’s able to consider thousands of vehicle specifications to find the least expensive combination that meets the user’s needs.”

    This means users can simultaneously assess a vehicle’s performance and analyze its life-cycle costs to find a custom solution. T3CO’s flexible framework allows users to define a “scenario” of their choosing, including the vehicle model, operational conditions, and financial circumstances.

    Most importantly, T3CO’s ability to estimate opportunity costs has been significantly refined.

    The tool includes three categories of costs:

    • Capital costs, or upfront expenses such as purchasing a vehicle and paying taxes
    • Operating costs, or ongoing expenses such as maintaining, insuring, and recharging or refueling a decarbonized vehicle
    • Opportunity costs, or the less obvious, “soft” expenses of operating a decarbonized vehicle—such as lost productivity when vehicles are charging or fueling, and the possibility of reduced payload capacity due to the weight of an advanced vehicle.

    It is the last category—opportunity costs—that makes T3CO unique. NREL’s pioneering approach to estimating the costs of operating a decarbonized vehicle is novel compared to other TCO tools.

    “It’s easy to figure out how much it costs to repair a vehicle and how much it costs for fuel, and then add it up and provide a TCO. That’s not what T3CO does,” Panneer Selvam said. “We estimate a customized TCO for a specific vehicle, in a specific location, and for its specific operations.”

    T3CO can help determine the most cost-effective path to fleet decarbonization. Photo from Getty Images

    Those operations, Birky and Panneer Selvam emphasized, include not just a vehicle’s typical use, but also its use on unusually high-intensity days. In other words, T3CO can capture the full variety of operations a vehicle might need to perform over a life cycle and calculate its cost accordingly.

    To accomplish this, the model leverages NREL’s Fleet Research, Energy Data, and Insights (FleetREDI) platform and flagship Fleet DNA database, which serves as the U.S. Department of Energy’s (DOE’s) largest body of real-world, in-use, high-resolution vehicle operational data. Being able to account for unusual operating days can completely change the TCO calculations, Birky said, and can help identify the right decarbonized vehicle for a specific application.

    While the calculations can quickly get complex, according to Panneer Selvam, “For us, ‘complex’ is not a bad word.”

    In fact, these complex challenges are perfect for national laboratories like NREL. Providing easy-to-use tools that can address highly complex problems is one way the laboratory continues to accelerate the transition to sustainable technologies.

    T3CO Is Ready for Action

    Decarbonizing entire commercial fleets takes time—but it can be accomplished faster when the most cost-effective strategy possible is applied, because every dollar stretches further. T3CO is primed to guide manufacturers, fleet operators, and researchers through the process.

    T3CO can:

    • Provide insights into the relative merits of ZEV technologies for a particular use case. For example, it can help users determine whether a hybrid, battery-electric, or hydrogen fuel cell electric vehicle is the best fit for certain operations, identify the right ZEV battery size, and even find the ideal cost for individual ZEV components in order to reach cost parity with conventional vehicles.
    • Identify how a vehicle’s operations affect its TCO. Rather than using “representative” data to approximate how a vehicle is driven, T3CO can use real-world data on vehicle duty cycles. These insights into a ZEV’s actual range of operations can allow users to fine-tune their understanding of a ZEV’s TCO.
    • Determine how new technologies might affect vehicle TCO. As new charging technologies like dynamic wireless charging pick up speed, T3CO can help users understand the cost implications. For instance, users with access to in-road charging may be able to purchase a less expensive ZEV equipped with a smaller battery.
    • Chart out a phased approach for vehicle decarbonization. T3CO can pinpoint the vehicles in a fleet or specific routes that can be easily replaced with today’s ZEVs. On the other hand, using technology progress projections, it can also help users determine whether they should hold off on electrifying other vehicles until new technologies hit the market.

    This information can prove valuable for commercial fleets making long-term investments into new fleets, as well as researchers focused on finding the best pathways to widespread ZEV adoption.

    After all, while the math is complex, the conclusion is simple: Making the best insights available to the widest user base possible will only help accelerate the clean vehicle transition.

    Learn more about NREL’s sustainable transportation and mobility research and its specific focus on commercial vehicle decarbonization. And sign up for NREL’s quarterly transportation and mobility research newsletter, Sustainable Mobility Matters, to stay current on the latest news.

    Interested in providing feedback on T3CO or ideas for future collaborations? Direct your input to T3CO@nrel.gov. Bug reports and feature requests are welcome through GitHub.

    MIL OSI USA News –

  • MIL-OSI Security: Glovertown — Off-duty RCMP officer charged with impaired operation by Glovertown RCMP

    Source: Royal Canadian Mounted Police

    Following a single-vehicle crash that occurred on the Trans-Canada Highway near Glovertown on October 27, 2024, charges of impaired operation have been laid against an off-duty RCMP officer, 34-year-old Travis Plant.

    At approximately 10:45 a.m. on Sunday, Glovertown RCMP responded to the report of a single-vehicle crash and attended the scene. Plant, who was the operator of the vehicle, failed a roadside breath test. He was arrested for impaired operation and was transported to the detachment where he provided breath samples that were more than one and a half times the legal limit.

    Plant was released from custody and is set to appear in court at a later date. His driver’s licence was suspended and the vehicle was seized and impounded. Plant’s current duty status remains under review. SIRT-NL has been notified.

    MIL Security OSI –

  • MIL-OSI: Progressive Announces Investor Relations Call

    Source: GlobeNewswire (MIL-OSI)

    MAYFIELD VILLAGE, OHIO, Oct. 29, 2024 (GLOBE NEWSWIRE) — As previously announced, The Progressive Corporation (NYSE: PGR) will host an Investor Relations conference call on Tuesday, November 5, 2024, beginning at 9:30 a.m. eastern time. This quarterly call, which will consist of both a conference call and audio-only webcast, is scheduled to last 60 minutes and will consist of a question-and-answer session with Tricia Griffith, our CEO, and John Sauerland, our CFO. Call-in participants will be able to ask questions via phone, however, webcast participants will not be able to submit questions online.

    On November 4, 2024, Progressive expects to file its Quarterly Report on Form 10-Q with the Securities and Exchange Commission and post its Shareholders’ Report, including the Letter to Shareholders from Tricia Griffith, to its website at www.progressive.com/annualreport.

    To receive the details on how to access the call or to join the webcast, visit Progressive’s website at https://investors.progressive.com/events/default.aspx.

    Replays of the webcast will be available approximately two hours after the call concludes. The archived webcast will be able to be accessed from Progressive’s website at https://investors.progressive.com/events/default.aspx and will remain available until November 6, 2025.

    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
    https://www.progressive.com

    The MIL Network –

  • MIL-OSI: Outside Analytics Awarded $215M Deneir Analytics & Visualization Ecosystem IDIQ Contract & Task Order 1

    Source: GlobeNewswire (MIL-OSI)

    BROOMFIELD, Colo., Oct. 29, 2024 (GLOBE NEWSWIRE) — Today SMX announced that Outside Analytics has been awarded the Deneir Analytics & Visualization Ecosystem (DAVE) Small Business Innovation Research (SBIR) Phase 3 Indefinite Delivery/Indefinite Quantity (IDIQ) contract and initial task order. The contract includes performance over five years with three option years and a ceiling value of $215 million. The DAVE IDIQ, awarded by GSA, accepts any Department of Defense (DoD) or Intelligence Community funding, providing a significant acquisition vehicle for rapid fulfillment of all-domain data processing, analytics, and visualization needs.

    The DAVE IDIQ is designed to provide a wide range of software capabilities that enhance time dominant, data-driven decision-making. These capabilities include open frameworks for real-time, all-domain data integration, advanced sensor processing and analytics, and intuitive data visualizations to transform high throughput complex data sets into actionable insights.

    The initial Task Order awarded allows Outside Analytics to continue development and integration of real-time sensor data processing, analytics, and visualization platforms in support of USSF, Space Systems Command (SSC). The Task Order focuses on rapid capability delivery into the Overhead Persistent Infrared (OPIR) Tools Applications Processing (TAP) Lab in Boulder, CO, which has become an integral environment for developing and transitioning R&D technologies for the operational community since its inception in 2016.

    “We’re excited to continue our collaboration with USSF under this award and for the ability to address Joint All-Domain needs across the DoD via the broader DAVE IDIQ,” said Ben Tarr, Co-Founder of Outside Analytics. “This award underscores our commitment to innovation and advancement of the mission in remote sensing data processing, analytics, and visualization.”

    “The DAVE IDIQ award reinforces our commitment to growth in the National Security Space ecosystem and the investment thesis behind our partnership with OA,” said Peter LaMontagne, CEO at SMX. “We couldn’t be more excited to have Ben and the Outside Analytics team as a part of our SMX family, delivering innovative, mission-relevant solutions to important space clients. This is a signature win for SMX.”

    The DAVE contract will enable Outside Analytics to work closely with various federal entities, providing the tools and insights needed to address mission-critical challenges. Outside Analytics software platforms and capabilities drive operational efficiency and informed decision-making across the federal landscape.

    About Outside Analytics + SMX
    Outside Analytics was acquired by SMX, a leader in next-generation cloud, C5ISR, and advanced engineering and IT solutions, in 2023. OA specializes in geospatial analytics and visualization, time dominant detection and tracking, and remote sensing systems. Together, SMX and Outside Analytics deliver scalable and secure solutions combined with the mission expertise needed to accelerate outcomes for the Department of Defense, Intelligence Community, Public Sector, Fortune 1000 and other public and private sector clients.

    For inquiries about this press release, please contact us at communications@smxtech.com.

    The MIL Network –

  • MIL-OSI USA: Murphy Op-Ed For The Financial Times: Breaking Up Concentrated Economic Power Must Be A Foreign Policy Priority

    US Senate News:

    Source: United States Senator for Connecticut – Chris Murphy

    October 29, 2024

    WASHINGTON—U.S. Senator Chris Murphy (D-Conn.), a member of the U.S. Senate Foreign Relations Committee, on Tuesday authored an op-ed for the Financial Times arguing that American foreign and domestic policies must align to break up concentrated economic power and revitalize local communities. Pointing to the Biden-Harris administration’s work to break up corporate monopolies, rebuild local economies, and create a new industrial policy, Murphy called for America’s foreign policy to be similarly reshaped.

    Murphy described how the Biden-Harris Administration’s decision at the World Trade Organization to block new data transit rules reflects a larger effort to combat the consequences of neoliberalism: “They saw the negotiations through the prism of America’s twin crises of alienation and the concentration of economic power. While all the key economic indicators point to a country that has bounced back from the pandemic, rates of addiction, self-harm and political extremism continue to rise as more Americans report feeling unhappy and disconnected from their communities. This alienation is the wreckage left in the wake of a half century of shared, bipartisan faith in economic neoliberalism — the doctrine that unrestricted free trade and market forces would best uphold the public good. The unchecked gobbling up of economic power by a few large corporations has left us with broken supply chains and uncompetitive markets.”

    Murphy underscored the need for a post-neoliberal foreign policy that aims to break up concentrated global economic power, protect fair trade, and breathe life back into local communities: “Trade agreements should be put to a simple test: will the terms concentrate or distribute private economic power? When new rules clearly give large global companies too much power over workers and citizens in individual nation states, then the answer must be to rewrite or reject them, as demonstrated by Tai. A post-neoliberal foreign policy must also challenge the ability of state-run economies to rig the rules of the global marketplace. Too often US foreign policy is focused on military threats. Yes, China and Russia present conventional military threats to global order; but America must expend equal effort on confronting our adversaries’ growing economic influence. This should involve speeding up renewable energy adoption to weaken the power of Russia and other petro-dictatorships and continued work to contest Chinese dominance of critical supply chains for products such as solar panels or advanced batteries.”

    “Our foreign policy must also buttress growing bipartisan efforts to create a new industrial and commercial approach rooted in localism,” Murphy continued. “Americans do not want to be part of a homogenized, flattened global economy. They want vibrant local economies where worker power is prioritized over shareholder power, community wellness prevails over the cult of efficiency, and values such as generosity and fairness matter more than greed and excess. Through carefully constructed tariffs and subsidies for domestic manufacturing and research and development, foreign and trade policy can be the vehicle for this change.”

    Murphy concluded: “Americans will continue to lose faith in their country’s democracy if we do not marry foreign and domestic policy in an effort to prioritize the common good over shameless profit-seeking. That decision at the WTO to rethink global data rules offers proof that the Biden-Harris administration understands the scale of the crisis the America faces and that it has laid the foundations of a coherent way forward for US foreign policy. The next generation of national security leaders must now build on and finish this work.”

    Read the full op-ed here.

    MIL OSI USA News –

  • MIL-OSI Canada: Saskatchewan Power Corporation Fined $840,000 for Worker Fatalities

    Source: Government of Canada regional news

    Released on October 29, 2024

    Saskatchewan Power Corporation was sentenced on October 18, 2024, in Weyburn Provincial Court for violating The Occupational Health and Safety Regulations, 1996.

    In May 2024, Saskatchewan Power Corporation was found guilty of violating:

    • clause 12 (a) (being an employer at a place of employment, fail to provide and maintain plant, systems of work and working environments that ensure, as far as is reasonably practicable, the health, safety and welfare at work of the employer’s workers, resulting in the deaths of workers);
    • clause 12 (c) (being an employer at a place of employment, fail to provide any information, instruction, training and supervision that is necessary to protect the health and safety of workers at work, resulting in the deaths of workers); and
    • clause 192 (2) (h) (being an employer, require or permit a worker to be raised or lowered by any aerial device or elevating work platform or to work from a device or platform held in an elevated position unless the worker is provided with and is required to use a personal fall arrest system that meets the requirements of Part VII, resulting in the deaths of workers).

    As a result, the Court imposed a fine of $300,000 with a surcharge of $120,000 on the first count and $150,000 on each of the other two counts with a surcharge of $60,000 on each of those charges, for a total amount of $840,000.

    The charges stemmed from a worksite incident that occurred on October 8, 2020, in Weyburn, Saskatchewan. Two workers were fatally injured when they fell to the ground from the bucket of a bucket truck.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI USA: Rep. Barragán Announces $411 Million in Funding for Port of Los Angeles to Electrify Based on Barragán’s Climate Smart Ports Act

    Source: United States House of Representatives – Representative Nanette Diaz Barragán (CA-44)

    FOR IMMEDIATE RELEASE

    29 October 2024

    Contact: Kevin G. McGuire, 202-538-2386 (mobile)

    Kevin.McGuire@mail.house.gov

    Washington, DC – Today, Congresswoman Nanette Barragán (CA-44) announced the Port of Los Angeles (POLA) has been awarded a $411 million grant award from the EPA Clean Ports Program to replace diesel equipment and trucks with human operated, zero-emission technology, clean energy microgrids, electric charging, shore power, and more.

    “This grant is a game-changer for the Port of LA and our port communities,” said Rep. Barragán. “Today’s funding announcement is the direct result of a five-year effort by my office to work with labor, environmental justice groups, industry, and ports, to secure billions of dollars to clean up ports across the country. It will help the Port of LA and ports across the country transition to zero-emission, human operated equipment. This investment will significantly reduce pollution from ports and help our nearby port communities breathe cleaner air.”

    “The men and women of the ILWU are thrilled to learn of this over $400 Million investment, by the U.S. EPA, in the environmental and economic well-being of our members and local communities. Human operated, zero-emission cargo handling equipment is the gold standard for maritime port operations not only because it protects good jobs while cleaning the air, but is also the most efficient and cost-effective in terms of port operations, while additionally providing the necessary safeguards against cyber threats to our national security,” said Gary Herrera, President, International Longshore and Warehouse Union (ILWU), Local 13.

    “This transformative investment will be a tremendous boost to our efforts to meet our ambitious zero emission goals, improve regional air quality, and combat climate change, while accelerating the port-industry’s transition to zero emissions across the country,” said Port of Los Angeles Executive Director Gene Seroka. “This grant will fund over 400 pieces of ZE cargo handling equipment, replacing nearly one-third of the diesel equipment currently on our docks, and eliminating over 40,000 tons of greenhouse gas emissions annually. This successful application is the culmination of a deep partnership with environmental justice groups, labor, the private sector, and stakeholders at all levels of government, and we’ll continue to work with our local communities to ensure this investment delivers benefits in their neighborhoods. We thank Congresswoman Barragán, the EPA and the Biden-Harris Administration for their unprecedented support of our ambition and look forward to delivering on our commitment to cleaner air for future generations.”

    POLA processes the highest volume of containerized cargo in the United States, supporting 1 in 15 jobs in Los Angeles and 1.4 million jobs nationwide. However, cargo handling equipment (CHE) at POLA is a significant source of pollution, emitting over 500 tons of nitrogen oxides and other harmful emissions annually and contributing to high rates of asthma, cancer, and other health consequences.

    The grant, made possible by Congresswoman Barragán’s Climate Smart Ports Act, whose funding was included in the Inflation Reduction Act, will reduce air pollution and improve public health by helping the port transition to 100% zero-emissions terminal operations by 2030. In addition to the federal grant, POLA and its partners will also match $200 million for the project, totaling over $600 million to meet their clean air goals.

    In line with the Climate Smart Ports Act, which was supported by the ILWU and several community-based organizations, the funds must be used for human-operated equipment and technology.

    This grant will allow POLA to meet ZE goals by:

    • funding the acquisition of approximately 400 pieces of ZE CHE and associated charging infrastructure to replace nearly 30% of POLA’s diesel-burning CHE fleet;
    • procuring 250 ZE drayage trucks and associated charging infrastructure;
    • installing cutting-edge power management systems with solar generation and battery
    • providing energy storage capacity to power additional ZE CHE;
    • establishing one of the first shore-power support systems for auto carrier vessels to; and
    • eliminating nearly 41,500 tons of carbon dioxide emissions and 55 tons of NOx emissions annually.

    POLA and Harbor Community Benefit Foundation will also carry out an ambitious community-driven grant program to empower port-adjacent communities to award grants for zero-emission equipment, and offer opportunities for career engagement and workforce development.

    This large-scale deployment of zero-emission equipment will support continued commercialization while helping California meet its climate goals, improve air quality in nearby communities, promote sustainable maritime practices, and protect and create good-paying jobs.

    Rep. Barragán led a California Delegation letter of 19 members in support of the EPA grant.

    # # #

    Congressmember Nanette Barragán represents California’s 44th District.  She sits on the House Energy and Commerce Committee and works on environmental justice and healthcare issues.  She is also Chair of the Congressional Hispanic Caucus (CHC).

    MIL OSI USA News –

  • MIL-OSI USA: Virginia’s Witch Duck: Grace Sherwood

    Source: US Global Legal Monitor

    Spooky season is here, and people are telling stories of ghosts and witches to get ready for Halloween. Many Americans think of Salem, Massachusetts, when they think of witches and witch trials, not realizing that there were witch trials in colonial Virginia. It is believed that there were 2 dozen witch trials in Virginia between 1626 and 1730, although specifics are not known because many trial records of the Commonwealth were lost during the Civil War. Penalties in Virginian witchcraft cases were generally not as severe as the penalties imposed in the Massachusetts cases, as apparently no one died in the Virginia cases. In the most notable Virginian witchcraft case, however, the accused, Grace Sherwood, was held in the county jail for a trial in the colonial capitol, and it seems likely that her property was seized.

    Grace Sherwood and her husband, James, brought two separate suits for slander against neighbors in 1698; one neighbor accused her of bewitching their pigs and their cotton, and another claimed she visited them in the night, turned into a black cat and left through the keyhole. The Sherwoods lost both suits and had to pay court costs and transportation for the defendants (Hudson, 91). James Sherwood died in 1701, not long after their unsuccessful suits. Grace Sherwood was left a propertied widow worth 3000 pounds of tobacco; she never remarried (Hudson, 91). In late 1705, Grace Sherwood and a neighbor, Elizabeth Hill, got into a fight and on December 7, 1705, Mrs. Sherwood sued Luke and Elizabeth Hill for assault and battery; she won the judgment. A short time later, on January 3, 1706, Luke Hill and his wife accused Sherwood of witchcraft. On February 7, 1706, “Whereas a complt [complaint] was brought agt Grace Sherrwood on Suspition of witchcraft by Luke Hill, etc.; and the matter being after a long time debated and order that the s[ai]d Hill pay all fees of this Compl[ain]t and that the s[ai]d Grace be here next Court to be Searched according to the Compl[ain]t by a Jury of women to decide the s[ai]d Differr: and the Sherr is Likewise ord[e]r to Soman able Jury accordingly.”

    Sherwood’s body was inspected by a jury of women; the women stated that she had “two things like titts with: severall other spots (Cushing, 74).” It was common practice in England and Scotland to search for witches’ marks on the bodies of those accused of witchcraft, as these moles, birthmarks, scars and warts were then believed to be a mark of a pact with the devil. Following the find of Sherwood’s moles, the court tried to assemble a jury of women, but they failed to appear; the court asked the sheriff to assemble another jury of women, but he could not do so (Cushing, 71).

    Grace Sherwood Statue. Photo by Flickr user Jimmy Emerson, DVM. May 13, 2016. Used under CC BY-NC-ND 2.0, https://creativecommons.org/licenses/by-nc-nd/2.0/.

    Subsequently the Princess Anne County court decided “being willing to have all means possible tried either to acquit her or to give more strength to ye. Suspicion [that] she might be dealt with as deserved therefore It was Order. yt. ys. day by her own consent to be tried in ye. water by ducking (Cushing, 71).” The first proposed day for the ducking, July 5, 1706, the weather was “very rainy & bad s[u]n…might endanger her health” and so the ducking trial was saved for the following Wednesday, July 10, 1706, when she would be taken to “Jno. Harpers plantacon”, which was on a branch of the Lynnhaven River, and put in “above mans debth & try her how she swims therein” (Cushing, 77); witch ducking stopped in England in the 17th century. Sherwood either floated, or was able to swim to safety. After the ducking test, she was examined again for witches marks by five women who said again on oath that she had two black moles on her private parts, like no other woman (Cushing, 77). The justices of the county decided that she should be taken into custody and sent to jail to wait for a future trial, presumably in Williamsburg at the colonial government seat. There are no records of a second trial. Scholars know that Sherwood paid a debt to the county court in 1708, and in 1714 she petitioned for a reinstatement of her land; if she was sentenced to prison, she must have been released by then. Her will was proved in 1740, so that is commonly believed to be the year she died. The fact that she had property to leave to her sons demonstrates that her final years may have been more peaceful.

    In recent years, Grace Sherwood has become a popular figure; a street has been named Witchduck Road and the area where she was tested is now called Witchduck Point. There is a statue of her and a memorial plaque in Virginia Beach; the mayor declared July 10, 2006 as Grace Sherwood Day, and then-Governor Tim Kaine informally pardoned Sherwood, as a woman who had suffered a miscarriage of justice. She is known as the Witch of Pungo, after her birthplace. She remains the only person trialled by water for witchcraft in Virginia.

    Additional Resources:

    F221 .V82 Virginia Historical Society. Collections of the Virginia Historical Society. By Jonathan P. Cushing.

    Edward W. James, “Grace Sherwood, the Virginia Witch,” The William and Mary Quarterly Historical Magazine 3, no. 2 (1894), 99-101.

    BF1573.A2 B8 Narratives of the witchcraft cases, 1648-1706, ed. by George Lincoln Burr … with three facsimiles.

    BF1577.V8 H833 2019 Hudson, Carson O. Witchcraft in colonial Virginia.

    BF1578.S54 M66 2024 Moore, Scott O. The Witch of Pungo: Grace Sherwood in Virginia history and legend.

    Subscribe to In Custodia Legis – it’s free! – to receive interesting posts drawn from the Law Library of Congress’s vast collections and our staff’s expertise in U.S., foreign, and international law.

    MIL OSI USA News –

  • MIL-OSI: Form 8.3 – [ECKOH PLC – 28 10 2024] – (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    		 ECKOH 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    		 28 OCTOBER 2024
    (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: 10p ORDINARY
      Interests Short positions
    Number % Number %
    (1)   Relevant securities owned and/or controlled: 20,115,126 6.9227    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        
    TOTAL: 20,115,126 6.9227    

    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
    10p ORDINARY SALE 4,940 43p
    10p ORDINARY SALE 52,370 42.5p

    (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: 29 OCTOBER 2024
    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 USA: 2024 United States Mint Limited Edition Silver Proof Set™ Available on Nov. 5

    Source: United States Mint

    WASHINGTON – The 2024 United States Mint (Mint) Limited Edition Silver Proof Set will be available for purchase beginning on November 5 at noon EST.  Mintage is limited to 50,000 sets, with orders limited to one set per household for the first 24 hours of sales.

    This set features eight proof coins struck in 99.9 percent fine silver at the Mint’s facility in San Francisco.  Each coin is encapsulated and placed in a beautifully designed package.  The Mint’s certificate of authenticity accompanies each set which contains the following coins:

    • One American Eagle One Ounce Silver Proof Coin
    • Five American Women Quarters™ Program coins with reverse designs honoring Rev. Dr. Pauli Murray, the Hon. Patsy Takemoto Mink, Dr. Mary Edwards Walker, Celia Cruz, and Zitkala-Ša.
    • One Kennedy half dollar
    • One Roosevelt dime 

    The 2024 United States Mint Limited Edition Silver Proof Set is priced at $255.  To set up a “Remind Me” alert, visit catalog.usmint.gov/limited-edition-2024-silver-proof-set-24RC.html/ (product code 24RC).

    This recurring set is now available for purchase through the Mint’s Subscription Program.  Structured like a magazine subscription, this program affords customers the convenience of signing up to receive automatic shipments of products in a series.  The shipments continue until the subscription is cancelled.  For details, visit https://catalog.usmint.gov/shop/subscriptions/.

    The 2024 United States Mint Limited Edition Silver Proof Set will also be available for purchase at the Mint’s sales centers at the Philadelphia Mint, 151 N. Independence Mall East, Philadelphia, PA 19106 (on 5th Street between Arch Street and Race Street); at the Denver Mint, 320 West Colfax Avenue, Denver, CO 80204 (on Cherokee Street, between West Colfax Avenue and West 14th Avenue); and from the Mint Headquarters Coin Store in Washington, D.C., 801 9th St. NW, Washington, DC 20220.

    This product is part of the Authorized Bulk Purchase Program (ABPP) and is available to Authorized Bulk (AB) members.  Products listed in this program are eligible for early release, carry an AB suffix to the product code, and carry a premium.  Early release products are not eligible for discounts.

    Please use the Mint’s catalog site at catalog.usmint.gov as your primary source of the most current information on product and service status or call 1-800-USA-MINT (872-6468).  Hearing and speech impaired customers with TTY equipment may order by calling 1-888-321-MINT (6468).

    About the United States Mint

    Congress created the United States Mint in 1792, and the Mint became part of the Department of the Treasury in 1873.  As the Nation’s sole manufacturer of legal tender coinage, the Mint is responsible for producing circulating coinage for the Nation to conduct its trade and commerce.  The Mint also produces numismatic products, including proof, uncirculated, and commemorative coins; Congressional Gold Medals; silver and bronze medals; and silver and gold bullion coins.  Its numismatic programs are self-sustaining and operate at no cost to taxpayers.  

    Note:  To ensure that all members of the public have fair and equal access to United States Mint products, the United States Mint will not accept and will not honor orders placed prior to the official on-sale date of November 5, 2024, at noon EST.  

    MIL OSI USA News –

  • MIL-OSI Security: Three Defendants Convicted in Murder-for-Hire Conspiracy Trial

    Source: Federal Bureau of Investigation FBI Crime News (b)

    MOBILE, AL – Following a three-week trial, a federal jury convicted three defendants of a murder-for-hire conspiracy, murder for hire, a carjacking conspiracy, interstate transportation of a stolen vehicle, evidence tampering, and witness tampering.

    According to court documents and evidence presented at trial, John Fitzgerald McCarroll, Jr., 30, Darrius Dwayne Rowser, 20, and Lyteria Isheeia Hollis, 30, each of Mobile, were part of a plot to murder an individual as retribution for a prior killing. Jurors reviewed evidence that McCarroll, aided by Hollis and others, directed payments to hired shooters, including Rowser and others, to carry out the intended murder. The evidence included text messages, social media evidence, financial records, surveillance videos, firearm and toolmark evidence, DNA evidence, and cell tower data, among other things.

    As part of the murder plot, evidence showed that McCarroll’s hired shooters attempted but failed to kill the intended target during multiple nightclub shootings. In September 2022, Reginald Dennis Alan Fluker, who pleaded guilty to the conspiracy, opened fire in the Bank Nightlife club using a gun provided to him by McCarroll. Fluker shot the wrong person, who later died of his injuries. In November 2022, Rowser used a machinegun provided to him by McCarroll to shoot at the intended target inside the Paparazzi Lounge. Rowser likewise missed the target and instead hit four victims, one of whom was rendered paralyzed.

    The evidence also showed that as part of the conspiracy, Rowser and others, at McCarroll’s direction, traveled to Mississippi to steal cars for use in surveilling the target of the plot. In September 2022, during an attempted carjacking in D’Iberville, Mississippi, Rowser shot and killed a victim. As part of that murder, Rowser and a coconspirator traveled back to Mobile and burned the stolen car they were using during the attempted carjacking.

    The evidence further showed that in December 2022, at McCarroll’s direction, Rowser and other coconspirators traveled to the Walmart on I-65 Service Road South in Mobile to purchase a GPS tracker for the target’s vehicle. During that trip, Rowser and a coconspirator opened fire into the self-checkout area of the store, striking two victims.

    Finally, evidence showed that following the arrests of McCarroll, Fluker, and other members of the conspiracy, the defendants attempted to tamper with evidence and a witness. Specifically, McCarroll directed Hollis to hide a weapon that he had previously purchased for Fluker because of Fluker’s participation in the murder plot. Federal agents seized that gun from Hollis’s house. Additionally, the jury convicted McCarroll of attempting to tamper with Fluker’s testimony by having him sign a sham affidavit, which was filed in state court to earn McCarroll a bond from jail.

    U.S. District Judge Terry F. Moorer scheduled sentencing for March 6, 2025. Under federal law, each defendant faces a mandatory life sentence.

    U.S. Attorney Sean P. Costello of the Southern District of Alabama made the announcement.

    The Federal Bureau of Investigation, the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Mobile Police Department, and the D’Iberville, Mississippi Police Department are investigating the case.

    Assistant U.S. Attorneys Justin Roller, Gaillard Ladd, and Kasee Heisterhagen are prosecuting the case on behalf of the United States.

    MIL Security OSI –

  • MIL-OSI Security: RM of North Cypress-Langford — RCMP seize significant quantity of cash during traffic stop

    Source: Royal Canadian Mounted Police

    On October 24, 2024, at 5:10 pm, officers with the RCMP Roving Traffic unit conducted a traffic stop on a vehicle located on Highway 1, near Road 84W, in the RM of North Cypress-Langford.

    The traffic stop led to the arrest of the driver, a 39-year-old male from Calgary, for the possession of Proceeds of Crime.

    A search of the vehicle led to the seizure of a large sum of Canadian Currency.

    The 39-year-old male was later released from police custody for a court appearance scheduled for February 13, 2025, in Brandon, where he will face a charge of Possession of Proceeds of Crime over $5000.

    RCMP continue to investigate.

    MIL Security OSI –

  • MIL-OSI Security: U.S. Attorney’s Office Announces Second Conviction in 2019 Kidnapping

    Source: Office of United States Attorneys

    ALBUQUERQUE – A Zuni woman pleaded guilty in federal court to a count of kidnapping. This crime eventually resulted in the victim’s death at the hands of a co-defendant and the burning of the victim’s body in an attempt by the co-defendant to conceal evidence. Her co-defendant was previously convicted and sentenced to prison for the subsequent killing.

    According to court documents, between July 1 and July 16, 2019, Kendra Panteah, 37, participated in and continued the confinement of John Doe in the trunk of his own vehicle and contacted the co-defendant for assistance in order to avoid getting in trouble.

    Along with the co-defendant, Panteah then drove around for over a day through the Navajo Nation with John Doe locked in the trunk before stopping near Bass Lake, NM. There, John Doe attempted to escape by forcing the trunk open. Before he could get out, however, the co-defendant repeatedly stabbed Doe with a machete. The co-defendant then closed the trunk on the victim, and Panteah and the co-defendant then sat on the trunk until John Doe stopped moving. Doe died as a result of the stab wounds. Panteah and co-defendant then drove the vehicle, with Doe’s body in the trunk to a residence where it was abandoned for several days.

    The co-defendant eventually towed the vehicle to a remote location, doused it with gasoline, and set it on fire with John Doe’s body inside to destroy evidence of the crime. Doe was only identified through hip replacement devices found in the burned vehicle.

    Her co-defendant, Gilbert John Jr., pleaded guilty to second-degree murder and was sentenced to 21 years in prison.

    At sentencing, Panteah faces between a binding range of no less than 10 years up to no more than 18 years imprisonment. Upon her release from prison, Panteah will be subject to up to five years of supervised release.

    U.S. Attorney Alexander M.M. Uballez and Raul Bujanda, Special Agent in Charge of the FBI Albuquerque Field Office, made the announcement today.

    The Gallup Resident Agency of the FBI’s Albuquerque Field Office investigated this case with assistance from the Navajo Police Department and Department of Criminal Investigations. Assistant United States Attorneys Mark A. Probasco and Alexander F. Flores are prosecuting the case.

    # # #

    MIL Security OSI –

  • MIL-OSI Security: U.S. Attorney and ATF Charge Albuquerque Brothers with Federal Firearms Offenses

    Source: Office of United States Attorneys

    ALBUQUERQUE – Two Albuquerque brothers face federal charges for firearms-related offenses.

    Riley Kellner, 22, is charged with one count of being a felon in possession of a firearm. The indictment alleges that on August 10, 2024, Riley possessed a firearm and ammunition, knowing that he had been previously convicted of shooting at or from a motor vehicle.

    Riley appeared before a federal judge and was detained pending trial, which has not been set.

    Adin Kellner, 26, is charged with 11 counts of making false statements during the purchase of a firearm. The indictment alleges that between October 8, 2019, and February 24, 2023, Adin made false statements to licensed firearms dealers when he executed the ATF’s Form 4473 stating that he was the actual buyer of the firearm when he was in fact acquiring it on behalf on another individual.

    Adin appeared before a federal judge and was placed on conditions of release pending trial, which is currently scheduled for December 16, 2024.

    If convicted, Riley faces up to 15 years in prison and Adin faces up to 10 years in prison.

    U.S. Attorney Alexander M.M. Uballez and Brendan Iber, Special Agent in Charge of the Bureau of Alcohol, Tobacco, Firearms and Explosives, made the announcement today.

    The ATF and Albuquerque Police Department jointly investigated these cases. Assistant United States Attorney Jaymie L. Roybal is prosecuting both cases.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    # # #

    MIL Security OSI –

  • MIL-OSI Security: Federal Indictment Charges Three Men With Chicago Carjacking

    Source: Office of United States Attorneys

    CHICAGO — A federal grand jury has indicted three men on carjacking and firearm charges for allegedly violently stealing a vehicle in Chicago.

    MARQUELL DAVIS, 22, RAMONE BRADLEY, 26, and EDMUND SINGLETON, 34, all of Chicago, conspired to take an Infiniti Q50 and a BMW X6 on Nov. 3, 2022, according to an indictment returned in U.S. District Court in Chicago.  Davis carried a firearm while the trio carjacked the Infiniti’s driver at a gas station in the Roseland neighborhood of Chicago, the indictment states.  Later that day, Bradley and Davis carried firearms while they attempted to carjack the BMW at a gas station in Chicago’s Douglas neighborhood, the indictment states.  Davis took the BMW driver’s car key, but he and Bradley were not successful in stealing the vehicle, the indictment states.

    All three defendants are currently in law enforcement custody.  Bradley faces a maximum sentence of 30 years in federal prison.  Davis and Singleton face mandatory minimum sentences of seven years and a maximum of life. Arraignments are scheduled for Nov. 5, 2024, at 1:15 p.m., before U.S. District Judge Matthew F. Kennelly.

    The indictment was announced by Morris Pasqual, Acting United States Attorney for the Northern District of Illinois, Douglas S. DePodesta, Special Agent-in-Charge of the Chicago Field Office of the FBI, and Larry Snelling, Superintendent of the Chicago Police Department.  The government is represented by Assistant U.S. Attorney Margaret A. Steindorf.

    The public is reminded that an indictment is not evidence of guilt.  The defendants are presumed innocent and entitled to a fair trial at which the government has the burden of proving guilt beyond a reasonable doubt.

    MIL Security OSI –

  • MIL-OSI: Cielo Announces Cancellation and Rescheduling of Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Oct. 29, 2024 (GLOBE NEWSWIRE) — Cielo Waste Solutions Corp. (TSXV:CMC; OTC PINK:CWSFF) (“Cielo” or the “Company”), announces today that its annual general meeting of shareholders (the “AGM”), which was originally scheduled to be held today, Tuesday, October 29th, 2024, has been cancelled and is being rescheduled to be held during the week of December 16, 2024, the final date to be set in the coming days. The Company’s Board of Directors determined that it would be in the best interest of the Company to reschedule the AGM, primarily as a result of technical difficulties. The rescheduled AGM, which was originally to be held using Microsoft Teams, will instead be held as an in-person meeting, which is anticipated to allow for greater efficiency and transparency and improved communication.

    Further details on the rescheduled AGM will be contained in a new Notice of Meeting and Management Information Circular that will be mailed to the shareholders of the Company as of the new record date and filed on SEDAR+.

    ABOUT CIELO

    Cielo is fueling renewable change with a mission to be a leader in the wood by-product-to-fuels industry by using environmentally friendly, economically sustainable and market-ready technologies. We are proud to advance our non-food derived model based on our exclusive licence in Canada for patented Enhanced Biomass to Liquids (EBTL™) and Biomass Gas to Liquids (BGTL™) technologies and related intellectual property, along with an exclusive licence in the US for creosote and treated wood waste, including abundant railway tie feedstock. We have assembled a diverse portfolio of projects across geographic regions and secured the ability to leverage the expertise of proven industry leaders. Cielo is committed to helping society ‘change the fuel, not the vehicle’, which we believe will contribute to generating positive returns for shareholders. Cielo shares are listed on the TSX Venture Exchange under the symbol “CMC,” as well as on the OTC Pink Market under the symbol “CWSFF.”

    For further information please contact:

    Cielo Investor Relations

    Ryan Jackson, CEO
    Phone: (403) 348-2972
    Email: investors@cielows.com 

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

    This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including negatives thereof, suggesting future outcomes.

    Forward-looking statements are subject to both known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward looking statements. Forward-looking statements and information are based on plans, expectations and estimates of management at the date the information is provided and are subject to certain factors and assumptions. Cielo is making forward looking statements, with respect to the AGM, including but not limited to the timing and forum.

    Investors should continue to review and consider information disseminated through news releases and filed by the Company on SEDAR+. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

    Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Any forward-looking statements are made as of the date hereof and, except as required by law, the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.

    The MIL Network –

  • MIL-OSI Economics: How Copilots are helping drive innovation to achieve business results that matter

    Source: Microsoft

    Headline: How Copilots are helping drive innovation to achieve business results that matter

    The pace of AI innovation today continues to be extraordinary, and at Microsoft we are focused on helping organizations embrace it. By providing our customers with the most advanced AI technology across every product we build — combined with our unparalleled partner ecosystem and co-innovation approach — we are helping them make real progress in ways that matter. I am proud to share over 100 customer stories from this quarter alone showing how we are helping customers accelerate AI Transformation — no matter where they are on their journey.

    Recently during the Microsoft AI Tour, I spoke with customers who shared ways they are adopting Copilots to empower human achievement, democratize intelligence and realize significant business value. I also discussed the concept of an AI-first business process and the differentiation you can drive when bringing together the power of Copilots and human ambition with the autonomous capabilities of an agent. I was inspired by the outcomes our customers have achieved through pragmatic innovation and the progress they are making to evolve the future of industry. I am pleased to share ten stories from the past quarter that illustrate how Copilots have yielded results for our customers, while highlighting AI Transformation experiences in their own words.

    Accenture and Avanade have a long history of helping customers implement cutting-edge solutions, with internal testing a key factor in their ability to deliver customizable Microsoft solutions with deep expertise. Putting Microsoft 365 Copilot into the hands of employees helped them realize ways to increase productivity, with 52% of employees seeing a positive impact on the quality of their work, 31% reporting less cognitive fatigue and 84% finding Copilot’s suggestions fair, respectful and non-biased. Accenture also piloted GitHub Copilot to help build better solutions faster with developers spending less time debugging, resulting in 95% of developers reporting they enjoyed coding more.

    “Using our extensive Microsoft technology expertise and practical learnings from our own experience implementing Microsoft 365 Copilot, our solutions empower clients to fully tap into Microsoft AI capabilities.”

    Veit Siegenheim, Global Future of Work Lead at Avanade

    Nigerian multinational financial services group Access Holdings Plc. serves more than 56 million customers across 18 countries. As the business grew and transitioned from a small bank to a major holding company, it adopted Microsoft 365 Copilot to address challenges in data management, meeting productivity and software development. With the integration of Copilot into daily tools, the company significantly enhanced efficiency and engagement across the business. Writing code now takes two hours instead of eight, chatbots can be launched in 10 days instead of three months and presentations can be prepared in 45 minutes instead of six hours. Copilot has also driven a 25% increase in staff engagement during meetings.

    “To inspire everyone in the organization to take advantage of AI, we knew we had to integrate AI into the tools people use every day. Microsoft 365 Copilot made the most sense and was a natural fit for us.”

    Lanre Bamisebi, Executive Director IT and Digitalization at Access Holdings, Plc.

    To improve resident services and reinvent customer engagement, the City of Burlington, Ontario, embraced AI and low-code tools to develop new online services that transform and automate internal processes. In just eight weeks, the city utilized Copilot Studio to develop and launch a custom copilot designed to help residents quickly find answers to frequently asked questions. The city also developed a portal that streamlines building permit reviews and enables customers to track the status of their own applications. As a result, the average time it takes to process a permit approval decreased from 15 weeks to 5-7 weeks, allowing more time for city employees to evaluate complex submissions.

    “Our staff and citizens do not have to worry about mundane tasks as much anymore. Now they’re able to have rich, collaborative conversations about how to creatively solve problems, making for a much more fulfilling and rewarding work and customer experience.”

    Chad MacDonald, Executive Director and Chief Information Officer at the City of Burlington

    Finastra empowers financial institutions with leading software for lending, payments, treasury, capital markets and universal banking. To transform its marketing processes, the company used Microsoft 365 Copilot to automate tasks, enhance content creation, improve analytics and personalize customer interactions. Since integrating Copilot, the team reduced time-to-market for campaigns from three months to less than one. Copilot also significantly reduced the time marketers spend generating and gathering insights from each campaign, with employees citing a 20%-50% time savings across tasks like full-funnel analysis, supply management analysis and budget management.

    “Copilot makes you more effective because you get better insights, and it makes you more efficient because you can produce results faster. It also makes work more meaningful and fun because your team can focus on what matters — strategy, creativity and everything that sets you apart from the competition.”

    Joerg Klueckmann, Head of Corporate Marketing and Communications at Finastra

    GoTo Group provides technology infrastructure and solutions across Indonesia. It is bending the curve on innovation by significantly enhancing productivity and code quality across its engineering teams by adopting GitHub Copilot. With real-time code suggestions, chat assistance and the ability to break down complex coding concepts, the company has saved over seven hours per week and achieved a 30% code acceptance rate within the first month. With 1,000 engineers already using GitHub Copilot, the tool allows them to innovate faster, reduce errors and focus more time on complex tasks to deliver greater value to their users.

    “GitHub Copilot has significantly reduced syntax errors and provided helpful autocomplete features, eliminating repetitive tasks and making coding more efficient. This has allowed me to focus on the more complex elements in building great software.”

    Nayana Hodi, Engineering Manager at GoTo Group

    South Africa’s Milpark Education faced operational challenges when shifting to online learning due to legacy systems slowing down student interactions and support. Through close collaboration with Enterprisecloud, Milpark migrated its back-office infrastructure to Azure within three months, replacing its legacy student admissions system with an extensible, integrated digital platform powered by technologies such as Microsoft Copilot and Copilot Studio. In just four months, the educational institution improved efficiency and accuracy of student support, decreasing the average resolution time by 50% and escalations by more than 30%.

    “Using Copilot, agents are now able to use generative AI to rapidly get up to speed on case details and respond to students using standardized templates that help them provide more personalized and professional responses. The results speak for themselves.”

    Shaun Dale, Managing Director at Enterprisecloud

    For over two decades, Teladoc Health has been offering a broad spectrum of services to patients using virtual care services — from primary care to chronic condition management. After the rapid growth of telehealth adoption post-pandemic, operational efficiency was instrumental in managing internal processes and external client interactions. By deploying Microsoft 365 Copilot and using Copilot in Power Automate, the company has reshaped business processes to help employees realize greater time savings while enhancing the client experience. The Copilots and agents helped employees save five hours per week and thousands of enterprise hours annually by eliminating mundane daily processes and fostering better cross-department communications, while also helping new employees get set up to run their workflows 20% faster.

    “Copilot is changing the way we work. It’s not just about saving time; it’s about enhancing the quality of our work, allowing us to focus on what truly matters: delivering exceptional care to our members.” 

    Heather Underhill, SVP Client Experience & Operations at Teladoc Health

    International energy company Uniper adopted a single-cloud strategy with Azure as its foundation to drive rapid AI innovation. To help its employees focus on using core competencies, the company implemented Microsoft 365 Copilot to reduce time spent on manual and repetitive tasks, and help workers focus on more pressing work, such as developing enhanced solutions to speed up the energy transition. Its in-house auditors have already increased productivity by 80% by using Copilot to create plans and checklists. Uniper is also using Copilot for Security to help identify risks twice as fast and take appropriate action sooner.

    “As an operator of critical infrastructure, we have to contend with a growing number of reports of phishing and attacks by hackers. AI can help us implement a sensible way of managing the sheer number of threats.”

    Damian Bunyan, CIO at Uniper

    British telecommunications company Vodafone has transformed its workplace productivity with Microsoft 365 Copilot, already seeing strong ROI from its adoption. In early trials, Copilot saved employees an average of three hours per week by using the tool to draft emails, summarize meetings and search for information. Copilot is also enriching the employee experience, with 90% of users reporting they are eager to continue using Copilot and 60% citing improved work quality. For Vodafone’s legal and compliance team, Copilot has significantly accelerated the processes of drafting new contracts, reducing the time required to complete this work by one hour. As a result of these efficiency gains, Vodafone is rolling out Copilot to 68,000 employees.

    “Our AI journey is focusing on three areas: operational efficiency inside the organization; rewiring the business to provide an enhanced customer experience; and unlocking growth opportunities through new products and services that we can create around generative AI. Copilot will help drive all three.”

    Scott Petty, Chief Technology Officer at Vodafone

    Wallenius Wilhelmsen, a global leader in roll-on/roll-off shipping and vehicle logistics, is empowering better decision-making while fostering a culture of innovation and inclusion with AI tools. After participating in an early access program, the company broadly adopted Microsoft Copilot 365 to help streamline processes, enhance data management and improve communication across its 28 countries. To help strengthen Copilot immersion and realize value faster, they introduced a seven-week Microsoft Viva campaign to teach, communicate and measure Copilot adoption. The campaign resulted in 80% of employees using Copilot, with some teams realizing time savings of at least 30 minutes per day. The company also uses Copilot Dashboard to manage usage and gather user feedback, helping demonstrate ROI and measure results outside of time savings alone.

    “Copilot changes the way we think and work while keeping us curious and open to embracing opportunities. I think that is the sort of benefit that is not so measurable, but important. So, my time management and structured approach to my everyday work life has been enhanced with Copilot and Viva.”

    Martin Hvatum, Senior Global Cash Manager at Wallenius Wilhelmsen

    I believe that no other company has a better foundation to facilitate your AI Transformation than Microsoft. As we look ahead to Microsoft Ignite, I am excited by the latest innovation we will announce as a company, and the customer and partner experiences we will share. We remain committed to driving innovation that creates value in ways that matter most to our customers, and believe we are at our best when we serve others. There has never been a better opportunity for us to accomplish our mission of empowering every person and every organization on the planet to achieve more than now, and I look forward to the ways we will partner together to help you achieve more with AI.

    AI Customer Stories from FY25 Q1

    Accelleron: Accelleron turbocharges IT support solutions and resolution times with Power Platform

    Agnostic Intelligence: Agnostic Intelligence transforms risk management with Azure OpenAI Service, achieving up to 80% time savings

    Alaska Airlines: How Alaska Airlines uses technology to ensure its passengers have a seamless journey from ticket purchase to baggage pickup

    Allgeier: Allgeier empowers organizations to own and expand data operations

    ANZ Group: ANZ launches first-of-its-kind AI Immersion Centre in partnership with Microsoft

    Asahi Europe & International: Asahi Europe & International charts new paths in employee productivity with Microsoft Copilot

    Auburn University: Auburn University empowers thousands of students, faculty and staff to explore new ways of using AI with Microsoft Copilot

    Avanade: Avanade equips 10,000 employees with Microsoft Fabric skills to help customers become AI-driven and future-ready

    Azerbaijan Airlines: Azerbaijan Airlines expands data access to increase efficiency by 70% with Microsoft Dynamics 365

    Aztec Group: Aztec Group uses Copilot for Microsoft 365 to enhance the client experience whilst powering efficiencies

    Bader Sultan: Bader Sultan uses Microsoft Copilot to boost productivity and serve clients faster

    BaptistCare: BaptistCare supports aging Australians and tackles workforce shortages through Microsoft 365 Copilot

    Barbeque Mania!: Barbecue Mania! centralizes your data with Microsoft Azure and saves $3.5 million over 5 years

    Bank of Montreal: Bank of Montreal reduces costs by 30% with Azure

    BlackRock: How BlackRock’s ‘flight crew’ helped Copilot for Microsoft 365 take off

    Capita: Capita uses GitHub Copilot to free developers and deliver faster for customers

    Cassidy: Cassidy and Azure OpenAI Service: Making AI simple for all

    Cdiscount: Cdiscount, Azure OpenAI Service and GitHub Copilot join forces for e-commerce

    Celebal: Celebal drives custom business transformations with Microsoft Fabric

    Chalhoub Group: Chalhoub Group’s People Analytics team speeds reporting with Microsoft Fabric

    ClearBank: ClearBank processes 20 million payments a month — up from 8,000 — with platform built on Azure

    Cloud Services: Faster with Fabric: Cloud Services breaks new ground with Microsoft

    Coles Supermarkets: Coles Supermarkets embraces AI, cloud applications in 500-plus stores with Azure Stack HCI​

    Commercial Bank of Dubai: Commercial Bank of Dubai: innovating a future proof banking platform with Microsoft Azure

    CPFL: CPFL expands its data repository by 1500% with Mega Lake project on Microsoft Azure

    Cummins: Cummins uses Microsoft Purview to automate information governance more efficiently in the age of AI

    Dubai Electricity and Water Authority (DEWA): DEWA pioneers the use of Azure AI Services in delivering utility services

    Digi Rogaland: Digi Rogaland prioritizes student safety with Bouvet and Microsoft Fabric

    Eastman: Eastman catalyzes cybersecurity defenses with Copilot for Security

    E.ON: A modern workspace in transition: E.ON relies on generative AI to manage data floods with Copilot for Microsoft 365

    EPAM Systems: Efficiency inside and out: EPAM streamlines communications for teams and clients with Copilot for Microsoft 365

    EY: EY redefines sustainability performance management with Microsoft

    Fast Shop: Fast Shop consolidated its data platform on Microsoft Azure and is now ready for the era of AI

    FIDO Tech: AI tool uses sound to pinpoint leaky pipes, saving precious drinking water

    Florida Crystals Corporation: Telecom expenses for Florida Crystals dropped 78% with Teams Phone and Teams Rooms

    Four Agency: Four Agency innovates with Microsoft 365 Copilot to deliver better work faster

    Fractal: Fractal builds innovative retail and consumer goods solutions with Microsoft’s AI offerings including Azure OpenAI Service

    GE Aerospace: GE Aerospace launches company-wide generative AI platform for employees

    Georgia Tech Institute for Data Engineering and Science: Georgia Tech is accelerating the future of electric vehicles using Azure OpenAI Service

    Hitachi Solutions: Hitachi Solutions transforms internal operations with Microsoft Fabric

    IBM Consulting: How IBM Consulting drives AI-powered innovation with Fabric expertise

    iLink Digital: Transforming user-driven analytics with Microsoft Fabric

    Insight Enterprises: Insight Enterprises achieves 93% Microsoft Copilot use rate, streamlining business operations to pave the way for customer success

    Intesa Sanpaolo: Intesa Sanpaolo accrues big cybersecurity dividends with Microsoft Sentinel, Copilot for Security

    ITOCHU Corporation: ITOCHU uses Microsoft Fabric and Azure AI Studio to evolve its data analytics dashboard into a service delivering instant recommendations

    IU International University of Applied Sciences (IU): IU revolutionizes learning for its students with the AI study buddy Syntea and Azure OpenAI Service

    John Cockerill: John Cockerill engages pro developers to build enterprise-wide apps with Power Platform

    Kaya Limited: Kaya Limited elevates customer experience and operational efficiency with Microsoft Dynamics 365 and Power BI

    LexisNexis: LexisNexis elevates legal work with AI using Copilot for Microsoft 365

    Lionbridge: Lionbridge disrupts localization industry using Azure OpenAI Service and reduces turnaround times by up to 30%

    Lotte Hotels & Resorts: Hotelier becomes a citizen developer, building a smart work culture based on Power Platform and hyper-automated work environment

    Lumen Technologies: Microsoft and Lumen Technologies partner to power the future of AI and enable digital transformation to benefit hundreds of millions of customers

    LS ELECTRIC: LS ELECTRIC uses data to optimize power consumption with Sight Machine and Microsoft Cloud for Manufacturing

    MAIRE: MAIRE, transforming the energy sector and an entire company culture with Microsoft 365 Copilot

    Mandelbulb Technologies: Early-adopter Mandelbulb Technologies finds success with Fabric

    McKnight Foundation: McKnight Foundation accelerates its mission and supports community partners with Microsoft 365 Copilot

    MISO: MISO undergoes a digital transformation with Microsoft Industry Solutions Delivery

    Mitsubishi Heavy Industries (MHI): Recognizing the essence of AI and building the future with clients: MHI’s DI to create proprietary architecture using Azure OpenAI Service

    Molslinjen: Molslinjen develops an AI-powered dynamic pricing strategy with Azure Databricks

    National Australia Bank: National Australia Bank invests in an efficient, cloud-managed future with Windows 11 Enterprise

    Nagel-Group: Works agreements and contracts: Nagel-Group uses Azure OpenAI Service to help employees find information

    NC Fusion: Elevating experiences with AI, from productivity to personalization

    National Football League Players Association: The National Football League Players Association and Xoriant use Azure AI Services to provide protection to players across 32 teams

    Northwestern Medicine: Northwestern Medicine deploys DAX Copilot embedded in Epic within its enterprise to improve patient and physician experiences

    Oncoclínicas: Oncoclínicas creates web portal and mobile app to store clinical and medical procedures with Azure Cognitive Services

    PA Consulting: PA Consulting saves hours a week with Copilot for Microsoft 365 and Copilot for Sales

    Parexel: Parexel speeds operational insights by 70% using Microsoft Azure, accelerating data product delivery and reducing manual work

    Petrochemical Industries Company (PIC): From weeks to days, hours to seconds: PIC automates work processes to save time with Microsoft 365 Copilot

    PKSHA Technology: PKSHA leans on Copilot for Microsoft 365 as part of their team

    Planted: Planted combines economic growth and environmental sustainability — with Microsoft Azure OpenAI

    Profisee: Profisee eliminates data siloes within Microsoft Fabric

    Programa De Atención Domiciliaria: The Home Care Program in Panama helped more than 17,000 people with the power of Microsoft Power Automate

    PwC: PwC scales GenAI for enterprise with Microsoft Azure AI

    QNET: QNET increases security response efficiency 60 percent with Microsoft Security Solutions

    RTI International: Research nonprofit RTI International improves the human condition with Microsoft 365 Copilot

    Rijksmuseum: Rijksmuseum transforms how art lovers engage with the museum, with Dynamics 365

    Sandvik Coromant: Sandvik Coromant hones sales experience with Microsoft Copilot for Sales

    Share.Market: Share.Market redefines the investment experience with Microsoft Azure

    Simpson Associates: Simpson Associates spurs justice for at-risk communities with Azure AI

    Softchoice: Softchoice harnesses Microsoft Copilot and reduces content creation time by up to 70%, accelerating customer AI journeys with its experience

    Sonata Software: Sonata Software goes from early adopter to market leader with Fabric

    Swiss International Air Lines (SWISS): SWISS targets 30% cost savings, increased passenger satisfaction with Azure

    SymphonyAI: SymphonyAI is solving real problems across industries with Azure AI

    Syndigo: Syndigo accelerates digital commerce for its customers by more than 40% with Azure

    TAL: TAL and Microsoft join forces on strategic technology deal

    Tecnológico de Monterrey: Tecnológico de Monterrey university pioneers ambitious AI-powered learning ecosystem

    Telstra: Telstra and Microsoft expand strategic partnership to power Australia’s AI future

    The University of Sydney: The University of Sydney utilizes the power of Azure OpenAI to allow professors to create their own AI assistants

    Torfaen County Borough: Torfaen County Borough Council streamlines organizational support for Social Care using Copilot for Microsoft 365

    Trace3: Trace3 expands the realm of clients’ possibilities with Windows 11 Pro and Microsoft Copilot

    Unilever: Unilever is reinventing the fundamentals of research and development with Azure Quantum Elements

    University of Wisconsin: Microsoft collaborates with Mass General Brigham and University of Wisconsin–Madison to further advance AI foundation models for medical imaging

    Via: Marketplace, online support, and remote work: Via embraces the digital world supported by Microsoft 365, Dynamics 365 and Azure

    Virgin Atlantic: How Virgin Atlantic is flying higher with Copilot

    Virgin Money: Redi, set, go: Virgin Money delivers exceptional customer experiences with Microsoft Copilot Studio

    Visier: Visier achieves performance improvements of up to five times using Azure OpenAI Service

    World2Meet (W2M): World2Meet, the travel company providing a better customer experience and operations with a new virtual assistant powered by Microsoft Azure

    Xavier College: Xavier College begins a process of modernizing its student information systems on Dynamics 365 and AI, unlocking powerful insights

    ZEISS: More time for research: ZEISS supports businesses and researchers with ZEISS arivis Cloud based on Microsoft Azure

    ZF Friedrichshafen AG (ZF Group): ZF Group builds manufacturing efficiency with over 25,000 apps on Power Platform

    Tags: Azure, Azure AI Services, Azure Cognitive Services, Azure Databricks, Azure OpenAI Service, Azure Quantum Elements, Azure Stack HCI, Copilot, Copilot for Sales, Copilot for Security, Copilot Studio, Dax Copilot, GitHub Copilot, Microsoft 365, Microsoft 365 Copilot, Microsoft AI Tour, Microsoft Cloud for Manufacturing, Microsoft Dynamics 365, Microsoft Fabric, Microsoft Ignite, Microsoft Power Platform, Microsoft Sentinel, Microsoft Teams, Microsoft Viva, Power Automate,

    MIL OSI Economics –

  • MIL-OSI Security: Sheshatshiu — Sheshatshiu RCMP conducts traffic stop and seizes drugs, woman charged

    Source: Royal Canadian Mounted Police

    Following a traffic stop that was conducted by Sheshatshiu RCMP on October 26, 2024, 29-year-old Eliza Gregoire was arrested and is charged with drug offences.

    At approximately 4:30 p.m. on Saturday, Sheshatshiu RCMP stopped a vehicle on Route 520 in Sheshatshiu. As a result of further investigation, Gregoire, who was a passenger in the vehicle, was arrested. A quantity of cash, cocaine and items consistent with drug trafficking were seized.

    Gregoire is charged with possession of cocaine for the purpose of trafficking and possession of cocaine. She is set to appear in court at a later date. The investigation is continuing.

    The driver of the vehicle was ticketed for operating a vehicle without a valid licence and for failing to produce proof of insurance. 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: C&F Financial Corporation Announces Net Income for Third Quarter and First Nine Months

    Source: GlobeNewswire (MIL-OSI)

    TOANO, Va., Oct. 29, 2024 (GLOBE NEWSWIRE) — C&F Financial Corporation (the Corporation) (NASDAQ: CFFI), the holding company for C&F Bank, today reported consolidated net income of $5.4 million for the third quarter of 2024, compared to $5.8 million for the third quarter of 2023. The Corporation reported consolidated net income of $13.9 million for the first nine months of 2024, compared to $18.7 million for the first nine months of 2023. The following table presents selected financial performance highlights for the periods indicated:

                                     
        For The Quarter Ended     For the Nine Months Ended  
    Consolidated Financial Highlights (unaudited)   9/30/2024     9/30/2023     9/30/2024     9/30/2023  
    Consolidated net income (000’s)   $ 5,420     $ 5,777     $ 13,889     $ 18,658  
                                     
    Earnings per share – basic and diluted   $ 1.65     $ 1.71     $ 4.15     $ 5.41  
                                     
    Annualized return on average equity     9.74 %     11.28 %     8.47 %     12.22 %
    Annualized return on average tangible common equity1     11.16 %     13.19 %     9.74 %     14.18 %
    Annualized return on average assets     0.86 %     0.96 %     0.75 %     1.04 %

    ________________________
    1 For more information about these non-GAAP financial measures, which are not calculated in accordance with generally accepted accounting principles (GAAP), please see “Use of Certain Non-GAAP Financial Measures” and “Reconciliation of Certain Non-GAAP Financial Measures,” below.

    “We are pleased with our results from the third quarter,” commented Tom Cherry, President and Chief Executive Officer of C&F Financial Corporation. “Both loans and deposits demonstrated solid growth, and the community banking segment showed increased earnings when compared to the previous quarter. Despite market and industry challenges, the consumer finance and mortgage banking segments remained profitable. Our net interest margin was relatively flat when compared to the second quarter, which was expected, and asset quality, liquidity and capital all remain strong.”

    Key highlights for the third quarter and first nine months of 2024 are as follows.

    • Community banking segment loans grew $158.5 million, or 16.6 percent annualized, and $185.6 million, or 14.9 percent, compared to December 31, 2023 and September 30, 2023, respectively;
    • Consumer finance segment loans grew $8.8 million, or 2.5 percent annualized, and $6.1 million, or 1.3 percent, compared to December 31, 2023 and September 30, 2023, respectively;
    • Deposits increased $69.8 million, or 4.5 percent annualized, and $107.5 million, or 5.3 percent, compared to December 31, 2023 and September 30, 2023, respectively;
    • Consolidated annualized net interest margin was 4.13 percent for the third quarter of 2024 compared to 4.29 percent for the third quarter of 2023 and 4.12 percent in the second quarter of 2024;
    • The community banking segment recorded provision for credit losses of $700,000 and $1.7 million for the third quarter and first nine months of 2024, respectively, compared to $500,000 and $1.6 million for the same periods in 2023;
    • The consumer finance segment recorded provision for credit losses of $3.0 million and $8.1 million for the third quarter and first nine months of 2024, respectively, compared to $1.6 million and $4.3 million for the same periods in 2023;
    • The consumer finance segment experienced net charge-offs at an annualized rate of 2.36 percent of average total loans for the first nine months of 2024, compared to 1.75 percent for the first nine months of 2023;
    • Mortgage banking segment loan originations were $157.0 million for the third quarter of 2024, an increase of $27.3 million, or 21.1 percent, and an increase of $11.0 million, or 7.5 percent, compared to the third quarter of 2023 and the second quarter of 2024, respectively;
    • During the third quarter of 2024, the community banking segment opened a new retail banking branch in Colonial Heights, Virginia and announced the closure of its Hampton, Virginia branch in the fourth quarter of 2024.

    Community Banking Segment. The community banking segment reported net income of $5.3 million and $13.9 million for the third quarter and first nine months of 2024, respectively, compared to $5.7 million and $17.7 million for the same periods in 2023. The decreases in community banking segment net income were due primarily to:

    • higher interest expense due primarily to higher rates on deposits and higher balances of interest-bearing deposits, partially offset by lower balances of borrowings;
    • higher salaries and employee benefits expense for the first nine months of 2024, as compared to the same period in 2023, which have generally increased in line with market conditions. Salaries and employee benefits expense decreased to $8.9 million for the three months ended September 30, 2024, compared to $9.1 million and $9.4 million for the three months ended June 30, 2024 and March 31, 2024, respectively, due primarily to a reduction in headcount through attrition;
    • higher occupancy expense related to branch network improvements, including the relocation of a branch and the opening of a new branch; and
    • higher data processing and consulting costs related to investments in operational technology to improve resilience, efficiency and customer experience;

    partially offset by:

    • higher interest income resulting from the effects of higher interest rates on asset yields and higher average balances of loans, offset in part by lower average balances of securities; and
    • higher wealth management services income as assets under management increased 19.0 percent for the first nine months of 2024, as compared to the same period in 2023.

    Average loans increased $186.5 million, or 15.2 percent, for the third quarter of 2024 and increased $158.4 million, or 13.2 percent, for the first nine months of 2024, compared to the same periods in 2023, due primarily to growth in the construction, commercial real estate, and residential mortgage segments of the loan portfolio. Average deposits increased $135.8 million, or 6.8 percent, for the third quarter of 2024 and increased $101.2 million, or 5.1 percent, for the first nine months of 2024, compared to the same periods in 2023, due primarily to higher balance of time deposits, partially offset by decreases in savings and interest-bearing demand deposits and noninterest-bearing demand deposits.

    Average loan yields and average costs of interest-bearing deposits were higher for the third quarter and first nine months of 2024, compared to the same periods of 2023, due primarily to the effects of the higher interest rate environment.

    The community banking segment’s nonaccrual loans were $628,000 at September 30, 2024 compared to $406,000 at December 31, 2023. The community banking segment recorded provision for credit losses of $700,000 and $1.7 million for the third quarter and first nine months of 2024, respectively, compared to $500,000 and $1.6 million for the same periods of 2023. At September 30, 2024, the allowance for credit losses increased to $17.5 million, compared to $16.1 million at December 31, 2023. The allowance for credit losses as a percentage of total loans decreased to 1.22 percent at September 30, 2024 from 1.26 percent at December 31, 2023. The increases in provision and allowance for credit losses are due primarily to growth in the loan portfolio. Management believes that the level of the allowance for credit losses is adequate to reflect the net amount expected to be collected.

    Mortgage Banking Segment. The mortgage banking segment reported net income of $351,000 for the third quarter of 2024, compared to a net loss of $5,000 for the same period of 2023, due primarily to:

    • higher gains on sales of loans due to higher volume of mortgage loan originations; and
    • higher mortgage banking fee income;

    partially offset by:

    • higher variable expenses tied to mortgage loan origination volume such as commissions and bonuses, reported in salaries and employee benefits, and data processing expenses.

    The mortgage banking segment reported net income of $1.0 million for the first nine months of 2024, compared to $568,000 for the same period of 2023, due primarily to:

    • lower variable expenses tied to mortgage loan origination volume such as commissions and bonuses, reported in salaries and employee benefits, as well as mortgage banking loan processing expenses and data processing expenses;
    • lower occupancy expense due to an effort to reduce overhead costs;
    • higher mortgage banking fee income; and
    • relatively unchanged gains on sales of loans and mortgage loan production volume;

    partially offset by:

    • lower mortgage lender services income due lower mortgage loan production volume across the industry.

    The sustained elevated level of mortgage interest rates, combined with higher home prices and lower levels of inventory, has led to a level of mortgage loan originations in 2024 and 2023 for the industry that is lower than recent historical averages. Mortgage loan originations for the mortgage banking segment were $157.0 million for the third quarter of 2024, comprised of $15.0 million refinancings and $142.0 million home purchases, compared to $129.7 million, comprised of $11.9 million refinancings and $117.8 million home purchases, for the same period in 2023. Mortgage loan originations for the mortgage banking segment were $397.3 million for the first nine months of 2024, comprised of $34.3 million refinancings and $363.0 million home purchases, compared to $400.6 million, comprised of $40.2 million refinancings and $360.4 million home purchases, for the same period in 2023. Mortgage loan originations in the third quarter of 2024 increased $11.0 million compared to the second quarter of 2024 due in part to normal industry seasonal fluctuations. Mortgage loan segment originations include originations of loans sold to the community banking segment, at prices similar to those paid by third-party investors. These transactions are eliminated to reach consolidated totals.

    During the third quarter and first nine months of 2024, the mortgage banking segment recorded a reversal of provision for indemnification losses of $100,000 and $375,000, respectively, compared to a reversal of provision for indemnification losses of $200,000 and $435,000 in the same periods of 2023. The mortgage banking segment increased reserves for indemnification losses during 2020 based on widespread forbearance on mortgage loans and economic uncertainty related to the COVID-19 pandemic. The release of indemnification reserves in 2024 and 2023 was due primarily to improvement in the mortgage banking segment’s assessment of borrower payment performance, lower volume of mortgage loan originations in recent years and other factors affecting expected losses on mortgage loans sold in the secondary market, such as time since origination. Management believes that the indemnification reserve is sufficient to absorb losses related to loans that have been sold in the secondary market.

    Consumer Finance Segment.   The consumer finance segment reported net income of $311,000 and $1.1 million for the third quarter and first nine months of 2024, respectively, compared to net income of $682,000 and $2.3 million for the same periods in 2023. The decreases in consumer finance segment net income were due primarily to:

    • higher provision for credit losses due primarily to increased net charge-offs and loan growth; and
    • higher interest expense on variable rate borrowings from the community banking segment as a result of higher interest rates and higher balances of borrowings;

    partially offset by:

    • higher interest income resulting from the effects of higher interest rates on loan yields and higher average balances of loans;
    • lower salaries and employee benefits expense due to an effort to reduce overhead costs; and
    • lower loan recovery expense related to growth in loans with stronger credit quality and efficiency initiatives within the collections department.

    Average loans increased $8.3 million, or 1.8 percent, for the third quarter of 2024 and increased $3.0 million, or less than one percent, for the first nine months of 2024, compared to the same periods in 2023. The consumer finance segment experienced net charge-offs at an annualized rate of 2.36 percent of average total loans for the first nine months of 2024, compared to 1.75 percent for the first nine months of 2023, due primarily to an increase in the number of delinquent loans and repossessions and a higher average charge-off per unit as a result of larger loan amounts due to higher automobile values during 2020 and 2021 and a decline in wholesale values of used automobiles since then. At September 30, 2024, total delinquent loans as a percentage of total loans was 3.49 percent, compared to 4.09 percent at December 31, 2023, 3.30 percent at September 30, 2023, and 3.51 percent at June 30, 2024. Delinquency and loss rates have generally returned to pre-pandemic levels due to the passage of time since the expiration of stimulus and enhanced unemployment benefits that benefitted borrowers.

    The consumer finance segment, at times, offers payment deferrals as a portfolio management technique to achieve higher ultimate cash collections on select loan accounts. A significant reliance on deferrals as a means of managing collections may result in a lengthening of the loss confirmation period, which would increase expectations of credit losses inherent in the portfolio. The average amounts deferred on a monthly basis during the third quarter and first nine months of 2024 were 1.91 percent and 1.70 percent of average automobile loans outstanding compared to 2.20 percent and 1.83 percent during the same periods during 2023. The allowance for credit losses was $23.2 million at September 30, 2024 and $23.6 million at December 31, 2023. The allowance for credit losses as a percentage of total loans decreased to 4.87 percent at September 30, 2024 from 5.03 percent at December 31, 2023, primarily as a result of growth in loans with stronger credit quality while balances of loans with lower credit quality declined. Management believes that the level of the allowance for credit losses is adequate to reflect the net amount expected to be collected. If loan performance deteriorates resulting in further elevated delinquencies or net charge-offs, the provision for credit losses may increase in future periods.

    Liquidity. The objective of the Corporation’s liquidity management is to ensure the continuous availability of funds to satisfy the credit needs of our customers and the demands of our depositors, creditors and investors. Uninsured deposits represent an estimate of amounts above the Federal Deposit Insurance Corporation (FDIC) insurance coverage limit of $250,000. As of September 30, 2024, the Corporation’s uninsured deposits were approximately $607.6 million, or 28.5 percent of total deposits. Excluding intercompany cash holdings and municipal deposits, which are secured with pledged securities, amounts uninsured were approximately $455.6 million, or 21.3 percent of total deposits as of September 30, 2024. The Corporation’s liquid assets, which include cash and due from banks, interest-bearing deposits at other banks and nonpledged securities available for sale, were $287.4 million and borrowing availability was $583.8 million as of September 30, 2024, which in total exceed uninsured deposits, excluding intercompany cash holdings and secured municipal deposits, by $415.6 million as of September 30, 2024.

    In addition to deposits, the Corporation utilizes short-term and long-term borrowings as sources of funds. Short-term borrowings from the Federal Reserve Bank and the Federal Home loan Bank of Atlanta (FHLB) may be used to fund the Corporation’s day-to-day operations. Short-term borrowings also include securities sold under agreements to repurchase. Total borrowings increased to $142.3 million at September 30, 2024 from $109.5 million at December 31, 2023 due primarily to higher borrowings from the FHLB. Borrowings decreased $4.7 million from $147.0 million at September 30, 2023.

    Additional sources of liquidity available to the Corporation include cash flows from operations, loan payments and payoffs, deposit growth, maturities, calls and sales of securities and the issuance of brokered certificates of deposit.

    Capital and Dividends.   The Corporation declared a quarterly cash dividend for the third quarter of 2024 of $0.44 per share, which was paid on October 1, 2024. This dividend represents a payout ratio of 26.7 percent of earnings per share for the third quarter of 2024. The Board of Directors of the Corporation continually reviews the amount of cash dividends per share and the resulting dividend payout ratio in light of changes in economic conditions, current and future capital requirements, and expected future earnings.

    Total consolidated equity increased $10.4 million at September 30, 2024, compared to December 31, 2023, due primarily to net income and lower unrealized losses in the market value of securities available for sale, which are recognized as a component of other comprehensive income, partially offset by share repurchases and dividends paid on the Corporation’s common stock. The Corporation’s securities available for sale are fixed income debt securities and their unrealized loss position is a result of rising market interest rates since they were purchased. The Corporation expects to recover its investments in debt securities through scheduled payments of principal and interest and unrealized losses are not expected to affect the earnings or regulatory capital of the Corporation or C&F Bank. The accumulated other comprehensive loss related to the Corporation’s securities available for sale decreased to $17.2 million at September 30, 2024 compared to $25.0 million at December 31, 2023 due primarily to fluctuations in market interest rates of debt securities.

    As of September 30, 2024, the most recent notification from the FDIC categorized the C&F Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized under regulations applicable at September 30, 2024, C&F Bank was required to maintain minimum total risk-based, Tier 1 risk-based, CET1 risk-based and Tier 1 leverage ratios. In addition to the regulatory risk-based capital requirements, C&F Bank must maintain a capital conservation buffer of additional capital of 2.5 percent of risk-weighted assets as required by the Basel III capital rules. The Corporation and C&F Bank exceeded these ratios at September 30, 2024. For additional information, see “Capital Ratios” below. The above mentioned ratios are not impacted by unrealized losses on securities available for sale. In the event that all of these unrealized losses became realized into earnings, the Corporation and C&F Bank would both continue to exceed minimum capital requirements, including the capital conservation buffer, and be considered well capitalized.

    In December 2023, the Board of Directors authorized a program, effective January 1, 2024, to repurchase up to $10.0 million of the Corporation’s common stock through December 31, 2024. During the third quarter and first nine months of 2024, the Corporation repurchased 60,520 shares, or $3.2 million, and 149,594 shares, or $7.3 million, of its common stock under this share repurchase program, respectively.

    About C&F Financial Corporation.  The Corporation’s common stock is listed for trading on The Nasdaq Stock Market under the symbol CFFI. The common stock closed at a price of $61.78 per share on October 28, 2024. At September 30, 2024, the book value per share of the Corporation was $70.29 and the tangible book value per share was $62.13. For more information about the Corporation’s tangible book value per share, which is not calculated in accordance with GAAP, please see “Use of Certain Non-GAAP Financial Measures” and “Reconciliation of Certain Non-GAAP Financial Measures,” below.

    C&F Bank operates 32 banking offices and four commercial loan offices located throughout eastern and central Virginia and offers full wealth management services through its subsidiary C&F Wealth Management, Inc. C&F Mortgage Corporation and its subsidiary C&F Select LLC provide mortgage loan origination services through offices located in Virginia, North Carolina, and West Virginia. C&F Finance Company provides automobile, marine and recreational vehicle loans through indirect lending programs offered in Alabama, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maryland, Minnesota, Missouri, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and West Virginia from its headquarters in Henrico, Virginia.

    Additional information regarding the Corporation’s products and services, as well as access to its filings with the Securities and Exchange Commission (SEC), are available on the Corporation’s website at http://www.cffc.com.

    Use of Certain Non-GAAP Financial Measures. The accounting and reporting policies of the Corporation conform to GAAP in the United States and prevailing practices in the banking industry. However, certain non-GAAP measures are used by management to supplement the evaluation of the Corporation’s performance. These include adjusted net income, adjusted earnings per share, adjusted return on average equity, adjusted return on average assets, return on average tangible common equity (ROTCE), adjusted ROTCE, tangible book value per share, price to tangible book value ratio, and the following fully-taxable equivalent (FTE) measures: interest income on loans-FTE, interest income on securities-FTE, total interest income-FTE and net interest income-FTE.

    Management believes that the use of these non-GAAP measures provides meaningful information about operating performance by enhancing comparability with other financial periods, other financial institutions, and between different sources of interest income. The non-GAAP measures used by management enhance comparability by excluding the effects of balances of intangible assets, including goodwill, that vary significantly between institutions, and tax benefits that are not consistent across different opportunities for investment. These non-GAAP financial measures should not be considered an alternative to GAAP-basis financial statements, and other bank holding companies may define or calculate these or similar measures differently. A reconciliation of the non-GAAP financial measures used by the Corporation to evaluate and measure the Corporation’s performance to the most directly comparable GAAP financial measures is presented below.

    Forward-Looking Statements.   This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the beliefs of the Corporation’s management, as well as assumptions made by, and information currently available to, the Corporation’s management, and reflect management’s current views with respect to certain events that could have an impact on the Corporation’s future financial performance. These statements, including without limitation statements made in Mr. Cherry’s quote and statements regarding future interest rates and conditions in the Corporation’s industries and markets, relate to expectations concerning matters that are not historical fact, may express “belief,” “intention,” “expectation,” “potential” and similar expressions, and may use the words “believe,” “expect,” “anticipate,” “estimate,” “plan,” “may,” “might,” “will,” “intend,” “target,” “should,” “could,” or similar expressions. These statements are inherently uncertain, and there can be no assurance that the underlying assumptions will prove to be accurate. Actual results could differ materially from those anticipated or implied by such statements. Forward-looking statements in this release may include, without limitation, statements regarding expected future operations and financial performance, expected trends in yields on loans, expected future recovery of investments in debt securities, future dividend payments, deposit trends, charge-offs and delinquencies, changes in cost of funds and net interest margin and items affecting net interest margin, strategic business initiatives and the anticipated effects thereof, changes in interest rates and the effects thereof on net interest income, mortgage loan originations, expectations regarding C&F Bank’s regulatory risk-based capital requirement levels, technology initiatives, our diversified business strategy, asset quality, credit quality, adequacy of allowances for credit losses and the level of future charge-offs, market interest rates and housing inventory and resulting effects in mortgage loan origination volume, sources of liquidity, adequacy of the reserve for indemnification losses related to loans sold in the secondary market, the effect of future market and industry trends, the effects of future interest rate fluctuations, cybersecurity risks, and inflation. Factors that could have a material adverse effect on the operations and future prospects of the Corporation include, but are not limited to, changes in:

    • interest rates, such as volatility in short-term interest rates or yields on U.S. Treasury bonds, increases in interest rates following actions by the Federal Reserve and increases or volatility in mortgage interest rates
    • general business conditions, as well as conditions within the financial markets
    • general economic conditions, including unemployment levels, inflation rates, supply chain disruptions and slowdowns in economic growth
    • general market conditions, including disruptions due to pandemics or significant health hazards, severe weather conditions, natural disasters, terrorist activities, financial crises, political crises, war and other military conflicts (including the ongoing military conflicts between Russia and Ukraine and in the Middle East) or other major events, or the prospect of these events
    • average loan yields and average costs of interest-bearing deposits
    • financial services industry conditions, including bank failures or concerns involving liquidity
    • labor market conditions, including attracting, hiring, training, motivating and retaining qualified employees
    • the legislative/regulatory climate, regulatory initiatives with respect to financial institutions, products and services, the Consumer Financial Protection Bureau (the CFPB) and the regulatory and enforcement activities of the CFPB
    • monetary and fiscal policies of the U.S. Government, including policies of the FDIC, U.S. Department of the Treasury and the Board of Governors of the Federal Reserve System, and the effect of these policies on interest rates and business in our markets
    • demand for financial services in the Corporation’s market area
    • the value of securities held in the Corporation’s investment portfolios
    • the quality or composition of the loan portfolios and the value of the collateral securing those loans
    • the inventory level, demand and fluctuations in the pricing of used automobiles, including sales prices of repossessed vehicles
    • the level of automobile loan delinquencies or defaults and our ability to repossess automobiles securing delinquent automobile finance installment contracts
    • the level of net charge-offs on loans and the adequacy of our allowance for credit losses
    • the level of indemnification losses related to mortgage loans sold
    • demand for loan products
    • deposit flows
    • the strength of the Corporation’s counterparties
    • the availability of lines of credit from the FHLB and other counterparties
    • the soundness of other financial institutions and any indirect exposure related to the closing of other financial institutions and their impact on the broader market through other customers, suppliers and partners, or that the conditions which resulted in the liquidity concerns experienced by closed financial institutions may also adversely impact, directly or indirectly, other financial institutions and market participants with which the Corporation has commercial or deposit relationships
    • competition from both banks and non-banks, including competition in the non-prime automobile finance markets and marine and recreational vehicle finance markets
    • services provided by, or the level of the Corporation’s reliance upon third parties for key services
    • the commercial and residential real estate markets, including changes in property values
    • the demand for residential mortgages and conditions in the secondary residential mortgage loan markets
    • the Corporation’s technology initiatives and other strategic initiatives
    • the Corporation’s branch expansions and consolidations plans
    • cyber threats, attacks or events
    • C&F Bank’s product offerings
    • accounting principles, policies and guidelines, and elections by the Corporation thereunder

    These risks and uncertainties should be considered in evaluating the forward-looking statements contained herein, and readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this release. For additional information on risk factors that could affect the forward-looking statements contained herein, see the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2023 and other reports filed with the SEC. The Corporation undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

       
    C&F Financial CorporationSelected Financial Information
    (dollars in thousands, except for per share data)
    (unaudited)    		  
       
    Financial Condition   9/30/2024    12/31/2023    9/30/2023  
    Interest-bearing deposits in other banks   $ 32,507   $ 58,777   $ 53,407  
    Investment securities – available for sale, at fair value     409,045     462,444     460,653  
    Loans held for sale, at fair value     44,677     14,176     25,469  
    Loans, net:                    
    Community Banking segment     1,414,576     1,257,557     1,230,694  
    Consumer Finance segment     454,062     444,931     446,787  
    Total assets     2,550,904     2,438,498     2,421,705  
    Deposits     2,135,891     2,066,130     2,028,429  
    Repurchase agreements     28,643     30,705     28,660  
    Other borrowings     113,683     78,834     118,388  
    Total equity     227,958     217,516     200,380  
                                     
        For The     For The  
        Quarter Ended     Nine Months Ended  
    Results of Operations   9/30/2024     9/30/2023     9/30/2024     9/30/2023  
    Interest income   $ 36,131     $ 31,686     $ 103,151     $ 91,729  
    Interest expense     11,442       7,224       31,476       17,964  
    Provision for credit losses:                                
    Community Banking segment     700       500       1,650       1,550  
    Consumer Finance segment     3,000       1,550       8,100       4,250  
    Noninterest income:                                
    Gains on sales of loans     1,825       1,220       4,814       4,930  
    Other     6,947       4,994       18,774       16,882  
    Noninterest expenses:                                
    Salaries and employee benefits     13,921       12,921       41,625       40,841  
    Other     9,170       8,605       26,989       25,969  
    Income tax expense     1,250       1,323       3,010       4,309  
    Net income     5,420       5,777       13,889       18,658  
                                     
    Fully-taxable equivalent (FTE) amounts1                                
    Interest income on loans-FTE     33,070       28,423       94,166       81,999  
    Interest income on securities-FTE     2,958       3,134       9,033       9,589  
    Total interest income-FTE     36,417       31,936       104,010       92,424  
    Net interest income-FTE     24,975       24,712       72,534       74,460  

    ________________________
    1For more information about these non-GAAP financial measures, please see “Use of Certain Non-GAAP Financial Measures” and “Reconciliation of Certain Non-GAAP Financial Measures.”

                                       
        For the Quarter Ended  
          9/30/2024      9/30/2023     
        Average      Income/      Yield/   Average      Income/      Yield/  
    Yield Analysis   Balance     Expense     Rate   Balance     Expense     Rate  
    Assets                                  
    Securities:                                  
    Taxable   $ 318,834     $ 1,828   2.29 % $ 414,036     $ 2,207   2.13 %
    Tax-exempt     119,253       1,130   3.79     110,182       927   3.37  
    Total securities     438,087       2,958   2.70     524,218       3,134   2.39  
    Loans:                                  
    Community banking segment     1,411,337       19,797   5.58     1,224,791       15,887   5.15  
    Mortgage banking segment     40,232       597   5.90     30,210       517   6.79  
    Consumer finance segment     481,124       12,676   10.48     472,811       12,019   10.09  
    Total loans     1,932,693       33,070   6.81     1,727,812       28,423   6.53  
    Interest-bearing deposits in other banks     38,756       389   3.99     38,507       379   3.90  
    Total earning assets     2,409,536       36,417   6.02     2,290,537       31,936   5.54  
    Allowance for credit losses     (40,879 )               (41,014 )            
    Total non-earning assets     158,063                 151,070              
    Total assets   $ 2,526,720               $ 2,400,593              
                                       
    Liabilities and Equity                                  
    Interest-bearing deposits:                                  
    Interest-bearing demand deposits   $ 323,019       540   0.67   $ 341,707       505   0.59  
    Money market deposit accounts     293,789       1,104   1.49     304,309       782   1.02  
    Savings accounts     178,417       23   0.05     204,042       29   0.06  
    Certificates of deposit     801,669       8,524   4.23     571,499       4,316   3.00  
    Total interest-bearing deposits     1,596,894       10,191   2.54     1,421,557       5,632   1.57  
    Borrowings:                                  
    Repurchase agreements     27,207       117   1.72     29,440       95   1.29  
    Other borrowings     93,961       1,134   4.83     122,250       1,497   4.90  
    Total borrowings     121,168       1,251   4.13     151,690       1,592   4.20  
    Total interest-bearing liabilities     1,718,062       11,442   2.65     1,573,247       7,224   1.83  
    Noninterest-bearing demand deposits     537,796                 577,382              
    Other liabilities     48,330                 45,124              
    Total liabilities     2,304,188                 2,195,753              
    Equity     222,532                 204,840              
    Total liabilities and equity   $ 2,526,720               $ 2,400,593              
    Net interest income         $ 24,975             $ 24,712      
    Interest rate spread               3.37 %             3.71 %
    Interest expense to average earning assets               1.89 %             1.25 %
    Net interest margin               4.13 %             4.29 %
                                       
        For the Nine Months Ended  
          9/30/2024      9/30/2023     
        Average      Income/      Yield/   Average      Income/      Yield/  
    Yield Analysis   Balance     Expense     Rate   Balance     Expense     Rate  
    Assets                                  
    Securities:                                  
    Taxable   $ 340,297     $ 5,665   2.22 % $ 441,204     $ 7,017   2.12 %
    Tax-exempt     119,931       3,368   3.74     104,549       2,572   3.28  
    Total securities     460,228       9,033   2.62     545,753       9,589   2.34  
    Loans:                                  
    Community banking segment     1,357,962       55,671   5.48     1,199,560       45,375   5.06  
    Mortgage banking segment     30,759       1,411   6.13     26,713       1,312   6.57  
    Consumer finance segment     477,768       37,084   10.37     474,738       35,312   9.94  
    Total loans     1,866,489       94,166   6.74     1,701,011       81,999   6.45  
    Interest-bearing deposits in other banks     30,197       811   3.59     33,072       836   3.38  
    Total earning assets     2,356,914       104,010   5.89     2,279,836       92,424   5.42  
    Allowance for loan losses     (40,670 )               (41,192 )            
    Total non-earning assets     155,935                 150,826              
    Total assets   $ 2,472,179               $ 2,389,470              
                                       
    Liabilities and Equity                                  
    Interest-bearing deposits:                                  
    Interest-bearing demand deposits   $ 326,540       1,569   0.64   $ 359,157       1,578   0.59  
    Money market deposit accounts     295,257       3,177   1.44     323,630       2,121   0.88  
    Savings accounts     181,880       85   0.06     213,940       91   0.06  
    Certificates of deposit     753,114       23,140   4.10     509,424       9,447   2.48  
    Total interest-bearing deposits     1,556,791       27,971   2.40     1,406,151       13,237   1.26  
    Borrowings:                                  
    Repurchase agreements     26,774       325   1.62     32,048       273   1.14  
    Other borrowings     91,024       3,180   4.66     122,984       4,454   4.83  
    Total borrowings     117,798       3,505   3.97     155,032       4,727   4.07  
    Total interest-bearing liabilities     1,674,589       31,476   2.51     1,561,183       17,964   1.54  
    Noninterest-bearing demand deposits     533,113                 582,573              
    Other liabilities     45,835                 42,108              
    Total liabilities     2,253,537                 2,185,864              
    Equity     218,642                 203,606              
    Total liabilities and equity   $ 2,472,179               $ 2,389,470              
    Net interest income         $ 72,534             $ 74,460      
    Interest rate spread               3.38 %             3.88 %
    Interest expense to average earning assets               1.78 %             1.05 %
    Net interest margin               4.11 %             4.37 %
                       
        9/30/2024
    Funding Sources    Capacity      Outstanding      Available
    Unsecured federal funds agreements   $ 75,000   $ —   $ 75,000
    Borrowings from FHLB     254,445     60,000     194,445
    Borrowings from Federal Reserve Bank     314,385     —     314,385
    Total   $ 643,830   $ 60,000   $ 583,830
                   
    Asset Quality   9/30/2024   12/31/2023  
    Community Banking              
    Total loans   $ 1,432,109   $ 1,273,629  
    Nonaccrual loans   $ 628   $ 406  
                   
    Allowance for credit losses (ACL)   $ 17,533   $ 16,072  
    Nonaccrual loans to total loans     0.04 %   0.03 %
    ACL to total loans     1.22 %   1.26 %
    ACL to nonaccrual loans     2,791.88 %   3,958.62 %
    Annualized year-to-date net charge-offs to average loans     0.01 %   0.01 %
                   
    Consumer Finance              
    Total loans   $ 477,300   $ 468,510  
    Nonaccrual loans   $ 1,101   $ 892  
    Repossessed assets   $ 522   $ 646  
    ACL   $ 23,238   $ 23,579  
    Nonaccrual loans to total loans     0.23 %   0.19 %
    ACL to total loans     4.87 %   5.03 %
    ACL to nonaccrual loans     2,110.63 %   2,643.39 %
    Annualized year-to-date net charge-offs to average loans     2.36 %   1.99 %
                                     
        For The     For The  
        Quarter Ended     Nine Months Ended  
    Other Performance Data   9/30/2024     9/30/2023     9/30/2024     9/30/2023  
    Net Income (Loss):                                
    Community Banking   $ 5,337       $ 5,685       $ 13,920       $ 17,742    
    Mortgage Banking     351         (5 )       1,021         568    
    Consumer Finance     311         682         1,142         2,261    
    Other1     (579 )       (585 )       (2,194 )       (1,913 )  
    Total   $ 5,420       $ 5,777       $ 13,889       $ 18,658    
                                     
    Net income attributable to C&F Financial Corporation   $ 5,389       $ 5,789       $ 13,797       $ 18,536    
                                     
    Earnings per share – basic and diluted   $ 1.65       $ 1.71       $ 4.15       $ 5.41    
    Weighted average shares outstanding – basic and diluted     3,258,420         3,391,624         3,323,942         3,426,845    
                                     
    Annualized return on average assets     0.86   %     0.96   %     0.75   %     1.04   %
    Annualized return on average equity     9.74   %     11.28   %     8.47   %     12.22   %
    Annualized return on average tangible common equity2     11.16   %     13.19   %     9.74   %     14.18   %
    Dividends declared per share   $ 0.44       $ 0.44       $ 1.32       $ 1.32    
                                     
    Mortgage loan originations – Mortgage Banking   $ 156,968       $ 129,658       $ 397,324       $ 400,559    
    Mortgage loans sold – Mortgage Banking     146,143         140,214         367,449         389,465    

    ________________________
    1 Includes results of the holding company that are not allocated to the business segments and elimination of inter-segment activity.
    2 For more information about these non-GAAP financial measures, please see “Use of Certain Non-GAAP Financial Measures” and “Reconciliation of Certain Non-GAAP Financial Measures.”

                   
    Market Ratios   9/30/2024     12/31/2023
    Market value per share   $ 58.35     $ 68.19
    Book value per share   $ 70.29     $ 64.28
    Price to book value ratio     0.83       1.06
    Tangible book value per share1   $ 62.13     $ 56.40
    Price to tangible book value ratio1     0.94       1.21
    Price to earnings ratio (ttm)     10.30       9.87

    ________________________
    1 For more information about these non-GAAP financial measures, please see “Use of Certain Non-GAAP Financial Measures” and “Reconciliation of Certain Non-GAAP Financial Measures.”

                         
                         
                    Minimum Capital
    Capital Ratios   9/30/2024   12/31/2023   Requirements3
    C&F Financial Corporation1                    
    Total risk-based capital ratio     13.8 %   14.8 %   8.0 %
    Tier 1 risk-based capital ratio     11.6 %   12.6 %   6.0 %
    Common equity tier 1 capital ratio     10.5 %   11.3 %   4.5 %
    Tier 1 leverage ratio     9.8 %   10.1 %   4.0 %
                         
    C&F Bank2                    
    Total risk-based capital ratio     13.4 %   14.1 %   8.0 %
    Tier 1 risk-based capital ratio     12.1 %   12.9 %   6.0 %
    Common equity tier 1 capital ratio     12.1 %   12.9 %   4.5 %
    Tier 1 leverage ratio     10.1 %   10.3 %   4.0 %

    ________________________
    1 The Corporation, a small bank holding company under applicable regulations and guidance, is not subject to the minimum regulatory capital regulations for bank holding companies. The regulatory requirements that apply to bank holding companies that are subject to regulatory capital requirements are presented above, along with the Corporation’s capital ratios as determined under those regulations.
    2 All ratios at September 30, 2024 are estimates and subject to change pending regulatory filings. All ratios at December 31, 2023 are presented as filed.
    3 The ratios presented for minimum capital requirements are those to be considered adequately capitalized.

                                     
        For The Quarter Ended     For The Nine Months Ended  
        9/30/2024     9/30/2023     9/30/2024     9/30/2023  
    Reconciliation of Certain Non-GAAP Financial Measures                        
    Return on Average Tangible Common Equity                                
    Average total equity, as reported   $ 222,532       $ 204,840       $ 218,642       $ 203,606    
    Average goodwill     (25,191 )       (25,191 )       (25,191 )       (25,191 )  
    Average other intangible assets     (1,242 )       (1,507 )       (1,303 )       (1,572 )  
    Average noncontrolling interest     (573 )       (484 )       (670 )       (668 )  
    Average tangible common equity   $ 195,526       $ 177,658       $ 191,478       $ 176,175    
                                     
    Net income   $ 5,420       $ 5,777       $ 13,889       $ 18,658    
    Amortization of intangibles     65         69         195         205    
    Net (income) loss attributable to noncontrolling interest     (31 )       12         (92 )       (122 )  
    Net tangible income attributable to C&F Financial Corporation   $ 5,454       $ 5,858       $ 13,992       $ 18,741    
                                     
    Annualized return on average equity, as reported     9.74   %     11.28   %     8.47   %     12.22   %
    Annualized return on average tangible common equity     11.16   %     13.19   %     9.74   %     14.18   %
                                 
        For The Quarter Ended     For The Nine Months Ended
        9/30/2024     9/30/2023     9/30/2024   9/30/2023
    Fully Taxable Equivalent Net Interest Income1                            
    Interest income on loans   $ 33,021     $ 28,369     $ 94,014   $ 81,845
    FTE adjustment     49       54       152     154
    FTE interest income on loans   $ 33,070     $ 28,423     $ 94,166   $ 81,999
                                 
    Interest income on securities   $ 2,721     $ 2,938     $ 8,326   $ 9,048
    FTE adjustment     237       196       707     541
    FTE interest income on securities   $ 2,958     $ 3,134     $ 9,033   $ 9,589
                                 
    Total interest income   $ 36,131     $ 31,686     $ 103,151   $ 91,729
    FTE adjustment     286       250       859     695
    FTE interest income   $ 36,417     $ 31,936     $ 104,010   $ 92,424
                                 
    Net interest income   $ 24,689     $ 24,462     $ 71,675   $ 73,765
    FTE adjustment     286       250       859     695
    FTE net interest income   $ 24,975     $ 24,712     $ 72,534   $ 74,460

    ____________________
    1 Assuming a tax rate of 21%.

                   
        9/30/2024     12/31/2023
    Tangible Book Value Per Share          
    Equity attributable to C&F Financial Corporation   $ 227,340       $ 216,878  
    Goodwill     (25,191 )       (25,191 )
    Other intangible assets     (1,211 )       (1,407 )
    Tangible equity attributable to C&F Financial Corporation   $ 200,938       $ 190,280  
                   
    Shares outstanding     3,234,363         3,374,098  
                   
    Book value per share   $ 70.29       $ 64.28  
    Tangible book value per share   $ 62.13       $ 56.40  
       
    Contact: Jason Long, CFO and Secretary
      (804) 843-2360

    The MIL Network –

  • MIL-OSI Security: Brothers From New York Arrested for Assaulting Law Enforcement with a Weapon and Other Charges During January 6 Capitol Breach

    Source: Federal Bureau of Investigation (FBI) State Crime News

                WASHINGTON — Two brothers from New York were arrested today for allegedly assaulting law enforcement with a weapon and other charges related to their alleged conduct during the Jan. 6, 2021, breach of the U.S. Capitol. Their alleged actions and the actions of others disrupted a joint session of the U.S. Congress convened to ascertain and count the electoral votes related to the 2020 presidential election.

                Reynold Robert Voisine, 47, of Nicholville, New York, and Roger Alyre Voisine, Jr., 48, of Canton, New York, are each charged in a criminal complaint filed in the District of Columbia with felony offenses of civil disorder; assaulting, resisting, or impeding certain officers with a deadly or dangerous weapon; entering and remaining in a restricted building or grounds with a deadly or dangerous weapon; disorderly and disruptive conduct in a restricted building or grounds with a deadly or dangerous weapon; and engaging in physical violence in a restricted building or grounds with a deadly or dangerous weapon.

                In addition to the felonies, the two brothers are also charged with misdemeanor offenses of disorderly conduct in a Capitol building, impeding passage through the Capitol grounds or buildings, and act of physical violence in the Capitol grounds or buildings.

                The FBI arrested the two men today in Plattsburgh, New York, and they will make their initial appearance in the Northern District of New York.

                According to court documents, on Jan. 6, 2021, the Voisine brothers, Roger and Reynold, attended former President Trump’s rally in Washington, D.C., before marching toward the Capitol building and eventually arriving on the West Front of the Capitol grounds. Roger Voisine, distinguishable by a GoPro mounted on a stick, a tripod tucked in his jacket, and a camouflage-patterned backpack, donned a paintball mask as he approached the Lower West Plaza. Reynold Voisine, also present in the area, was seen wearing a paintball mask on his head during the riot.

                By the afternoon, the situation on Capitol grounds had escalated, and it is alleged that both brothers played active roles in the day’s violence. At approximately 3:20 p.m., Reynold Voisine was seen among the crowd as rioters viciously assaulted an officer, dragging the officer from the Lower West Terrace Tunnel and into a mob of rioters. As the attacks continued throughout the day, Reynold remained in the vicinity, using a handheld radio to communicate while the mob assaulted officers inside the Tunnel. The Tunnel was the site of some of the most violent attacks against law enforcement that day.

                By 4:25 p.m., Reynold Voisine made his way to the mouth of the Tunnel, where rioters were launching a variety of weapons at the police, including a crutch, a hockey stick, a baton, and multiple poles. It is alleged that Reynold participated in these attacks against officers, first by throwing a crutch at the officers and then by hurling a blue pole that struck police officers. After throwing the pole, he threw the crutch again, which ricocheted off another rioter and hit the officers. Later, Reynold used a stolen riot shield to ram into the police line.

                Around the same time, it is alleged that Roger Voisine was also engaged in direct assaults on police. Court documents say that Roger threw a length of pipe at the officers, pushed into their shields alongside other rioters, and attempted to drag one officer into the crowd. It is further alleged that Roger continued his violent actions by throwing a black rod at the police, hitting one officer’s shield, and later throwing three shoes at various officers. At one point, Roger picked up a wooden table leg with protruding nails, swung it twice at officers, and then aggressively threw it at another officer.

                In addition to these physical assaults, Roger allegedly used a spotlight to shine directly into the eyes of police officers, further hindering their ability to defend themselves against the mob. Throughout the chaos, Roger remained at the front lines of the mob, holding his GoPro in a manner that suggested he was documenting the event.

                This case is being prosecuted by the U.S. Attorney’s Office for the District of Columbia and the Department of Justice National Security Division’s Counterterrorism Section. Valuable assistance was provided by the U.S. Attorney’s Office for the Northern District of New York.

                This case is being investigated by the FBI’s Albany and Washington Field Offices. Valuable assistance was provided by the Tampa FBI, U.S. Capitol Police, and the Metropolitan Police Department.                                                     

                In the 45 months since Jan. 6, 2021, more than 1,532 individuals have been charged in nearly all 50 states for crimes related to the breach of the U.S. Capitol, including more than 571 individuals charged with assaulting or impeding law enforcement, a felony. The investigation remains ongoing.

                Anyone with tips can call 1-800-CALL-FBI (800-225-5324) or visit tips.fbi.gov.

                A complaint is merely an allegation, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –