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Category: Vehicles

  • MIL-OSI Global: Business confidence in South Africa: how a 70-year-old survey has given early signals of the economy’s pulse

    Source: The Conversation – Africa – By Johann Kirsten, Director of the Bureau for Economic Research, Stellenbosch University

    Business tendency surveys provide very useful indicators of trends within an economy. The information is available well before the official statistics, such as GDP growth, and provides insights into business dynamics that cannot be found elsewhere.

    For 70 years the Bureau for Economic Research at South Africa’s Stellenbosch University has been conducting business tendency surveys. Indeed, South Africa remains one of the few countries where these surveys are conducted by a non-state agency.

    The surveys cover a range of questions, tracking everything from activity to demand, selling prices to inventories, investment and also the constraints holding back investment. But the most important question is very simple: are you satisfied with prevailing business conditions? Respondents can only respond with a yes or a no. There is no scale, no maybe, no but. It is a pure gut feeling. This is the only true measure of business sentiment in South Africa.

    While it can be argued that at times of fast production growth sentiment is more upbeat (and vice versa during a recession), sentiment typically turns before you see production growth. Respondents to Bureau for Economic Research surveys know their business like the palm of their hand. They sense when something starts changing and know when they can turn cautiously optimistic about conditions even though activity is not there (yet). As illustrated in the figure below, confidence often turns before the business cycle phase changes from an upward to a downward phase (and the other way around).

    Changes in sentiment tell us a lot about investment intentions, as well as the potential for faster economic growth and job creation in the economy. If business people in South Africa are downbeat about business conditions, it is near impossible to see growth accelerate. Why build a new factory or employ workers if you are not, at the very least, satisfied with the environment you have to operate in today?

    While the survey process has changed over the past seven decades, the value of the insights has not. South Africa’s new government of national unity has promised to tackle the country’s structural constraints, with reforms aimed at improving electricity, infrastructure, water and logistics. By providing a reliable measure of sentiment, the survey will go a long way in assessing whether they are successful.

    Business confidence ahead of economic shifts

    While we survey a range of sectors, only the responses of a specific set of sectors are compiled into the so-called composite Business Confidence Index. This index is sponsored by Rand Merchant Bank (RMB) and is known as the RMB/BER BCI.

    The index looks at the responses of manufacturers, retailers, wholesalers, new vehicle dealers and main building contractors. These sectors represent the productive sectors of the economy and tend to lead the rest of the economy.

    So, if something changes here, one can be fairly sure that it will soon start changing in the rest of the economy. Manufacturers, for example, have a feel for both domestic and export demand conditions, which later trickle through the rest of the economy. New vehicle dealers will be the first to know when local consumers start holding their purse strings.

    In most sectors the survey also asks respondents about constraints to business conditions. We ask the same set of questions each quarter and have been doing so for decades. This gives us a very powerful, long-term time series of data. For example, over the last ten years, manufacturers have almost consistently seen the general political climate as the most serious constraint on business conditions.

    The Absa Manufacturing Survey shows that it’s a more serious constraint than insufficient demand or the short-term interest rate, despite the latter being at the highest level in 15 years. Interestingly, the political climate constraint fell sharply in the third quarter of 2024, following the formation of the government of national unity. The disruptions at local ports were also picked up by our surveys, with load-shedding top of mind for many respondents in 2023 (and before).

    The graph below shows a long-term series of business confidence. A reading of 100 would signal extreme optimism with every respondent satisfied with business conditions – this has never happened before. A reading of zero means not a single respondent is satisfied with business conditions. This, too, has not happened before, but we did see confidence fall to just 5 index points in the second quarter of 2020, the worst of the COVID-19 lockdowns, with many businesses forced to close temporarily. The BER surveys provided invaluable information about business dynamics in the formal economy during the pandemic and the recovery.

    Figure 1: RMB/BER Business Confidence Index (BCI)

    The RMB/BER BCI edged up by three index points to 38 in the third quarter of 2024. This was the first survey after the formation of the new government, and some may have hoped for a bigger boost to sentiment. Still, underlying results suggest respondents are turning cautiously more optimistic about the future. For the first time since early 2022, most respondents across the different sectors expect business conditions to improve in 12 months’ time, instead of deteriorating (further).

    Current demand conditions, however, remained tough, which held back a bigger recovery in sentiment.

    A firm commitment by the new government of national unity to continue with structural reform aimed at alleviating the constraints on the South African economy and an effort to bring down the cost of doing business (by lowering the administrative burden, for example) would go a long way in supporting a more pronounced recovery in business confidence.

    Higher confidence will translate into faster economic growth over time.

    How the index is compiled

    Taking a step back, in 1954, and for many decades after that, everything at the BER was done by hand. The surveys were sent by post, and indices were painstakingly calculated as the responses trickled in. Some graphs were even drawn up by hand. Over time, more electronics became involved. South African postal services deteriorated to such an extent that relying on them was no longer feasible.

    The little pigeonholes for the postal letters at the BER offices were removed earlier this year and all survey responses are now received via email. Responses are weighted for firm and sector size, and we try to keep the survey as representative of the sectors as possible.

    It is becoming increasingly difficult to expand our panel in a world where inboxes are flooded with fly-by-night surveys and spam. Our close relationship with international bodies such as the Centre for International Research on Economic Tendency Surveys and our academic footing as a university research institute ensures that we continue to follow global best practices.

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. Business confidence in South Africa: how a 70-year-old survey has given early signals of the economy’s pulse – https://theconversation.com/business-confidence-in-south-africa-how-a-70-year-old-survey-has-given-early-signals-of-the-economys-pulse-237773

    MIL OSI – Global Reports –

    September 29, 2024

  • MIL-OSI Africa: Business confidence in South Africa: how a 70-year-old survey has given early signals of the economy’s pulse

    Source: The Conversation – Africa – By Johann Kirsten, Director of the Bureau for Economic Research, Stellenbosch University

    Business tendency surveys provide very useful indicators of trends within an economy. The information is available well before the official statistics, such as GDP growth, and provides insights into business dynamics that cannot be found elsewhere.

    For 70 years the Bureau for Economic Research at South Africa’s Stellenbosch University has been conducting business tendency surveys. Indeed, South Africa remains one of the few countries where these surveys are conducted by a non-state agency.

    The surveys cover a range of questions, tracking everything from activity to demand, selling prices to inventories, investment and also the constraints holding back investment. But the most important question is very simple: are you satisfied with prevailing business conditions? Respondents can only respond with a yes or a no. There is no scale, no maybe, no but. It is a pure gut feeling. This is the only true measure of business sentiment in South Africa.

    While it can be argued that at times of fast production growth sentiment is more upbeat (and vice versa during a recession), sentiment typically turns before you see production growth. Respondents to Bureau for Economic Research surveys know their business like the palm of their hand. They sense when something starts changing and know when they can turn cautiously optimistic about conditions even though activity is not there (yet). As illustrated in the figure below, confidence often turns before the business cycle phase changes from an upward to a downward phase (and the other way around).

    Changes in sentiment tell us a lot about investment intentions, as well as the potential for faster economic growth and job creation in the economy. If business people in South Africa are downbeat about business conditions, it is near impossible to see growth accelerate. Why build a new factory or employ workers if you are not, at the very least, satisfied with the environment you have to operate in today?

    While the survey process has changed over the past seven decades, the value of the insights has not. South Africa’s new government of national unity has promised to tackle the country’s structural constraints, with reforms aimed at improving electricity, infrastructure, water and logistics. By providing a reliable measure of sentiment, the survey will go a long way in assessing whether they are successful.

    Business confidence ahead of economic shifts

    While we survey a range of sectors, only the responses of a specific set of sectors are compiled into the so-called composite Business Confidence Index. This index is sponsored by Rand Merchant Bank (RMB) and is known as the RMB/BER BCI.

    The index looks at the responses of manufacturers, retailers, wholesalers, new vehicle dealers and main building contractors. These sectors represent the productive sectors of the economy and tend to lead the rest of the economy.

    So, if something changes here, one can be fairly sure that it will soon start changing in the rest of the economy. Manufacturers, for example, have a feel for both domestic and export demand conditions, which later trickle through the rest of the economy. New vehicle dealers will be the first to know when local consumers start holding their purse strings.

    In most sectors the survey also asks respondents about constraints to business conditions. We ask the same set of questions each quarter and have been doing so for decades. This gives us a very powerful, long-term time series of data. For example, over the last ten years, manufacturers have almost consistently seen the general political climate as the most serious constraint on business conditions.

    The Absa Manufacturing Survey shows that it’s a more serious constraint than insufficient demand or the short-term interest rate, despite the latter being at the highest level in 15 years. Interestingly, the political climate constraint fell sharply in the third quarter of 2024, following the formation of the government of national unity. The disruptions at local ports were also picked up by our surveys, with load-shedding top of mind for many respondents in 2023 (and before).

    The graph below shows a long-term series of business confidence. A reading of 100 would signal extreme optimism with every respondent satisfied with business conditions – this has never happened before. A reading of zero means not a single respondent is satisfied with business conditions. This, too, has not happened before, but we did see confidence fall to just 5 index points in the second quarter of 2020, the worst of the COVID-19 lockdowns, with many businesses forced to close temporarily. The BER surveys provided invaluable information about business dynamics in the formal economy during the pandemic and the recovery.

    Figure 1: RMB/BER Business Confidence Index (BCI)

    Source: BER. Note, business cycle downswing phases as determined by the South African Reserve Bank are shaded.

    The RMB/BER BCI edged up by three index points to 38 in the third quarter of 2024. This was the first survey after the formation of the new government, and some may have hoped for a bigger boost to sentiment. Still, underlying results suggest respondents are turning cautiously more optimistic about the future. For the first time since early 2022, most respondents across the different sectors expect business conditions to improve in 12 months’ time, instead of deteriorating (further).

    Current demand conditions, however, remained tough, which held back a bigger recovery in sentiment.

    A firm commitment by the new government of national unity to continue with structural reform aimed at alleviating the constraints on the South African economy and an effort to bring down the cost of doing business (by lowering the administrative burden, for example) would go a long way in supporting a more pronounced recovery in business confidence.

    Higher confidence will translate into faster economic growth over time.

    How the index is compiled

    Taking a step back, in 1954, and for many decades after that, everything at the BER was done by hand. The surveys were sent by post, and indices were painstakingly calculated as the responses trickled in. Some graphs were even drawn up by hand. Over time, more electronics became involved. South African postal services deteriorated to such an extent that relying on them was no longer feasible.

    A copy of the 1955 business confidence survey results. Source: Bureau for Economic Research

    The little pigeonholes for the postal letters at the BER offices were removed earlier this year and all survey responses are now received via email. Responses are weighted for firm and sector size, and we try to keep the survey as representative of the sectors as possible.

    It is becoming increasingly difficult to expand our panel in a world where inboxes are flooded with fly-by-night surveys and spam. Our close relationship with international bodies such as the Centre for International Research on Economic Tendency Surveys and our academic footing as a university research institute ensures that we continue to follow global best practices.

    – Business confidence in South Africa: how a 70-year-old survey has given early signals of the economy’s pulse
    – https://theconversation.com/business-confidence-in-south-africa-how-a-70-year-old-survey-has-given-early-signals-of-the-economys-pulse-237773

    MIL OSI Africa –

    September 29, 2024

  • MIL-OSI Security: 316 stolen vehicles recovered in intensification week

    Source: United Kingdom National Police Chiefs Council

    Recovered vehicles valued at over £4m in total with 180 arrests made

    • Partnership working to tackle vehicle crime
    • 180 arrests made relating to vehicle crime, including burglary
    • NaVCIS-led operations at ports recovered stolen vehicles destined for overseas

    The first intensification week as part of national policing’s Operation Alliances to tackle serious organised vehicle crime has concluded with 316 stolen vehicles recovered with an estimated value of over £4m.

    The stolen vehicles included cars, motorcycles, lorries, scrap vehicles and various vehicle parts linked to thefts were also recovered.

    Op Alliances is delivered by Opal, policing’s national intelligence team for serious organised acquisitive crime, and brought together a number of organisations working in partnership with policing to stem the flow of stolen vehicles leaving the UK and support enforcement action at ports.

    Vehicle crime is on the increase, with the National Vehicle Crime Intelligence Service (NaVCIS) recording a 29 per cent increase in vehicles identified at ports in the second quarter of 2024. There’s evidence from Opal’s analysis that vehicle crime forms a large part of serious organised acquisitive crime, presenting a significant risk which damages communities and industry.

    Op Alliances is policing’s targeted approach to tackling this criminality with partners including NaVCIS, the Ports Police, Home Office, Border Force, manufacturers, Europol, Interpol, the National Crime Agency and many others (see full list in notes to editors).

    Activity took place across nine different ports, acting on intelligence to locate stolen vehicles and parts destined for overseas markets.

    Police forces across England and Wales took part in the week, engaging with local communities to offer crime prevention advice and initiatives to support vehicle owners in keeping their vehicles safe, as well as encouraging reporting of thefts. 180 arrests were made across the country for vehicle crime-related offences, including burglary and theft of car keys which is an increasingly common tactic used by criminals.

    Forces conducted multiple search warrants, locating and closing down a number of ‘chop shops’, (locations where stolen vehicles are broken down into parts) as well as engaging with scrap metal and motor salvage businesses around enforcement and guidance.

    Many seizures were also made of offensive weapons, theft devices, thousands of pounds in cash, suspected stolen tools, suspected stolen plant and agricultural equipment and a large quantity of drugs.

    Assistant Chief Constable, Jenny Sims is National Police Chiefs’ Council lead for vehicle crime. She said:

    “This intensification week has seen policing, local enforcement, partners and the industry coming together in a targeted effort to tackle some of the highest harm offenders in vehicle crime and the results speak for themselves.

    “We know that organised crime groups are responsible for a significant proportion of vehicle thefts, whether to export high-end vehicles overseas or to break them up for parts. We also know that stolen vehicles are used in poly-criminality, for example in other areas of acquisitive crime but also drug offending and modern slavery, so tackling these groups can be extremely impactful.

    “I’m grateful to all of our partner agencies and organisations who are instrumental in this fight against vehicle crime. The intensification activity this week has supported us in driving intelligence gathering and sharing, as well as our operational work together and I look forward to seeing the results continue.”

    Sharon Naughton is Head of NaVCIS. She said:

    “The Port of Felixstowe handles more than four million shipping containers per year. The challenge of locating stolen cars in shipping containers can seem like a needle in a haystack. NaVCIS intelligence and analysis helps to make the needle bigger and the haystack smaller when disrupting this type of criminality.

    “NaVCIS bridge the gap between policing and industry. The vehicle crime intensification week has been a huge success, particularly at ports, where NaVCIS officers work hard every day of the year to intercept and seize stolen vehicles before they are exported overseas. Through our well-established and positive relationships with industry partners and law enforcement colleagues, we proactively investigate this type of serious and organised acquisitive crime to develop intelligence to increase opportunities to bring offenders to justice.

    “Our port operations are vital to tackle vehicle crime, deprive criminals of assets and return cars to their rightful owners.”

    DCI Lee Newman-West is Head of Operations at Opal, the team which coordinated the national activity. He said:

    “Opal is committed to tackling serious organised acquisitive crime (SOAC) and the team work tirelessly with law enforcement agencies and a host of key partners and industry colleagues within the UK and overseas to enhance our intelligence flows and understanding of key threats.

    “We continue to champion and drive multi-agency responses to support collaboration and operational activity, tackling vehicle crime and wider SOAC threats in partnership. We will do all we can to disrupt this criminality and protect our communities.”

    Key partners involved in delivering the intensification activity to date: (not exhaustive):

    • Opal- National Intelligence Unit for Serious Organised Acquisitive Crime (SOAC)
    • NaVCIS- National Vehicle Crime Intelligence Service
    • NCA- National Crime Agency
    • JICC- Joint International Crime Centre
    • FLEC- Foreign Law Enforcement Community
    • Europol
    • Interpol
    • Home office intelligence
    • Port of Dover Police
    • UK Police forces
    • Vehicle examiners
    • UKBF- Border Force
    • MACC- Multi Agency cash cell
    • FTT- Federated Tasking team
    • National APMIS team
    • NICRP- National Infrastructure Crime Reduction Partnership
    • BTP- British Transport Police
    • Environment Agency
    • Crime Prevention Initiatives
    • National vehicle crime tactical lead
    • ROCU disruptions teams- Regional Organised Crime Units
    • GAIN- Government Agency Intelligence Network
    • NCATT- National Construction Agricultural Theft Team
    • ANPR specialists
    • Tracker companies including Tracker and W4G
    • MPS Organised vehicle team
    • Essex Stolen vehicle unit
    • Industry partners/ manufacturers
    • Jaguar Land Rover
    • Toyota Lexus
    • Finance companies
    • Association of British Insurers (ABI)
    • US Homeland Security
    • Cargo Secure, Suffolk Police.
    • Home Office
    • Recovery agents and VRS teams

    MIL Security OSI –

    September 29, 2024

  • MIL-OSI New Zealand: Serious crash, Depot Road, View Hill

    Source: New Zealand Police (District News)

    Emergency services are responding to a serious crash on Depot Road, View Hill, in Waimakariri District.

    The single vehicle crash occurred near Eyre River and was reported to Police at 8pm. 

    The road is closed between Woodstock Road and Woodside Road.

    At this stage there is no confirmed information regarding injuries.

    ENDS

    Issued by Police Media Centre.

    MIL OSI New Zealand News –

    September 29, 2024

  • MIL-OSI United Kingdom: New home for Military Working Dogs at RAF Marham

    Source: United Kingdom – Executive Government & Departments

    The Defence Infrastructure Organisation (DIO) has recently completed a new kennel facility for the RAF Police’s Military Working Dogs (MWDs), which form part of security in RAF Marham, Norfolk.

    Air Cdre Ady Portlock officially opens the new building. MOD Crown Copyright.

    The £23 million facility includes kennels for 48 Military Working Dogs (MWDs) divided into 3 separate blocks, each with an outdoor exercise area. One of the blocks is a veterinary area with isolation kennels for dogs who are receiving treatment, while another features offices and a relaxation room for the RAF Police.

    The project includes solar panels, plant rooms, underfloor heating, a new access road, parking, cycle storage, and 2 spaces for the loading and unloading of vehicles, diversion and connection of services. The new building replaces an existing facility with a larger, more comfortable space, improving the environment for both dogs and officers.

    The facility was designed in consultation with the military’s Veterinary Services Training and Advisory Team to ensure it met the requirements of the dogs and their handlers and complied with the Animal Welfare Act 2006.

    The work was split into 2 phases, with the enabling work and groundwork done by Amey, and the construction of the foundations and buildings undertaken by VIVO Defence Services due to a transfer of wider DIO contracting arrangements. Both firms used the same subcontractor, Cambridge-based Coulson Building Group, for continuity.

    RAF Marham’s MWDs and their handlers are an important part of the security provisions for the station. They fulfil various roles, including undertaking security patrols and as arms and explosive detection dogs.

    Capt Nick Davenport, Garrison Engineer, said:

    This new facility will provide more space and improved comfort for both MWDs and their RAF Police handlers. The dogs are a key component of the security of RAF Marham and their wellbeing has been our guiding principle throughout the design and build process. I’m very pleased with the end result and look forward to seeing the reaction of the dogs as they explore their new home.

    Group Captain Wigglesworth, Station Commander RAF Marham, said:

    The MWD capability at RAF Marham secures both the Station’s perimeter and the UK’s 5th Generation combat air capability, the F-35B Lightning Force. This new facility will give critical longevity to the MWD capability, providing a base for the dogs and their handlers that now matches their own exceptional standards, professionalism and commitment.

    Provost Marshal (RAF) and Commander of the Air Security Force, Group Captain Samantha Bunn, said:

    The new MWD facility at RAF Marham represents a landmark achievement for the RAF and defence as a whole. It sets a new standard for animal welfare and handler support. MWDs provide a critical ‘protect’ function as part of our layered security methodology to deter and detect against the full spectrum of threats to defence critical assets.

    This flagship facility demonstrates the RAF’s commitment to being at the forefront of MWD care, ensuring our canine partners receive the highest quality housing and welfare provisions in order that they continue to conduct their duties.

    I would also like to extend my sincere gratitude to the hard work and dedication of those working behind the scenes to support the project throughout the whole process.

    RAF Marham is one of the RAF’s frontline operational stations, housing the RAF’s first F35 Lightning Sqn (617 Sqn) as well as 207 Sqn, the Operational Conversion Unit. Additionally, it accommodates a range of engineering support functions and other small units with over 3,600 personnel working on site, including service personnel, civil servants and contractors. The dogs and their handlers are an important element of the security provision to this vital defence location.

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    Updates to this page

    Published 25 September 2024

    MIL OSI United Kingdom –

    September 29, 2024

  • MIL-OSI Asia-Pac: PM to visit Maharashtra on 26 September

    Source: Government of India

    PM to visit Maharashtra on 26 September

    PM to lay foundation stone and dedicate to nation various projects worth over Rs. 22,600 crore

    PM to dedicate to nation three PARAM Rudra Supercomputers

    PM to launch and dedicate to nation various initiatives of petroleum and natural gas sector worth Rs. 10,400 crore

    PM to inaugurate Solapur Airport

    PM to dedicate to nation Bidkin Industrial Area

    Posted On: 25 SEP 2024 2:28PM by PIB Delhi

    Prime Minister Shri Narendra Modi will visit Pune, Maharashtra on 26th September. At around 6 PM, from District Court Metro Station, he will flag off the Metro train scheduled to run from District court to Swargate, Pune. Thereafter at around 6:30 PM, he will inaugurate, lay the foundation stone and dedicate to the nation various projects worth over Rs. 22,600 crore.

    The inauguration of Pune Metro section of District Court to Swargate will mark the completion of Pune Metro Rail Project (Phase-1). The cost of the underground section between District Court to Swargate is around Rs 1,810 crore.

    Further, Prime Minister will also lay the foundation stone for Swargate-Katraj Extension of Pune Metro Phase-1 to be developed at the cost of around Rs 2,950 crore. This southern extension of around 5.46 km is completely underground with three stations namely Market Yard, Padmavati and Katraj.

    Prime Minister will lay the foundation stone for the Memorial for Krantijyoti Savitribai Phule’s First Girls’ School at Bhidewada.

    In line with his commitment to make India self-reliant in the field of Supercomputing technology, Prime Minister will dedicate to the nation three PARAM Rudra Supercomputers worth around Rs. 130 crore, developed indigenously under the National Supercomputing Mission (NSM). These supercomputers have been deployed in Pune, Delhi and Kolkata to facilitate pioneering scientific research. Giant Metre Radio Telescope (GMRT) in Pune will leverage the supercomputer to explore Fast Radio Bursts (FRBs) and other astronomical phenomena. Inter University Accelerator Centre (IUAC) in Delhi will enhance research in fields like material science and atomic physics. S.N. Bose Centre in Kolkata will drive advanced research in areas such as physics, cosmology, and earth sciences.

    Prime Minister will also inaugurate a High-Performance Computing (HPC) system tailored for weather and climate research. This project represents an investment of Rs. 850 crore, marking a significant leap in India’s computational capabilities for meteorological applications.  Located at two key sites, the Indian Institute of Tropical Meteorology (IITM) in Pune and the National Center for Medium Range Weather Forecast (NCMRWF) in Noida, this HPC system has extraordinary computing power. The new HPC systems are named ‘Arka’ and ‘Arunika,’ reflecting their connection to the Sun. These high-resolution models will significantly enhance the accuracy and lead time of predictions related to tropical cyclones, heavy precipitation, thunderstorms, hailstorms, heat waves, droughts, and other critical weather phenomena.

    Prime Minister will launch and dedicate to the nation various initiatives of petroleum and natural gas sector worth Rs. 10,400 crore. These initiatives will focus on energy, infrastructure, safety and convenience of truck and cab drivers, cleaner mobility and a sustainable future.

    To enable ease of driving, Prime Minister will launch the Way Side Amenities for truck drivers at Chhatrapati Sambhajinagar, Maharashtra; Fatehgarh Sahib, Punjab; Songadh, Gujarat; Belagavi and Bangalore Rural, Karnataka. With the objective of developing modern facilities for the comfortable journey break at one place designed to cater to the needs of truckers and cab drivers during their long journeys, way side amenities such as affordable boarding and lodging facilities, clean toilets, safe parking space, cooking area, WiFi, Gym, etc. are being developed at a cost of around Rs. 2,170 crore at 1,000 retail outlets.

    To develop multiple energy choices like petrol, diesel, CNG, EV, CBG, Ethanol blended petrol (EBP), etc. at one retail outlet, Prime Minister will launch Energy Stations. Nearly 4,000 energy stations would be developed over Golden Quadrilateral, East-West and North-South Corridors and other major highways over next  5 years at a cost of around Rs. 6000 crore. Energy stations will help in providing seamless mobility through provision of alternate fuels under one roof to the energy seeking customers.

    To facilitate smooth transition to Green Energy, De-carbonization and Net Zero Emission and reducing the range anxiety of Electric Vehicle drivers, Prime Minister will dedicate to the nation 500 EV charging facilities. Further, 10,000 EV Charging stations (EVCS) are being targeted to be developed by FY 2025 at an estimated cost of Rs. 1,500 crore.

    Prime Minister will dedicate to the nation 20 Liquefied Natural Gas (LNG) stations across the country including 3 in Maharashtra. To promote the adoption of clean fuel such as LNG for long distance transportation, 50 LNG Fuel Stations will be developed in various states of the country by Oil and Gas companies at a cost of around Rs. 500 crore.

    Prime Minister will also dedicate to the nation 1500 E20 (20% ethanol blended) petrol retail outlets worth around Rs 225 crore.

    Prime Minister will inaugurate the Solapur Airport which would significantly improve connectivity, making Solapur more accessible to tourists, business travellers and investors. The existing terminal Building of Solapur has been revamped to serve around 4.1 lakh passengers annually.

    Prime Minister will dedicate to the nation Bidkin Industrial Area, a transformative project covering an expansive 7,855 acres under the National Industrial Corridor Development Program of Govt. of India, situated 20 kms south of Chhatrapati Sambhajinagar in Maharashtra. The project developed under Delhi Mumbai Industrial Corridor holds immense potential as a vibrant economic hub in the Marathwada region. Central Government has approved this project with an overall project cost of over Rs. 6,400 crore for development in 3 phases.

    ***

    MJPS/ST/SKS

    (Release ID: 2058558) Visitor Counter : 99

    MIL OSI Asia Pacific News –

    September 29, 2024

  • MIL-OSI Asia-Pac: NLDSL Unveils ULIP Hackathon 2.0 and launches Track Your Transport App to Tackle Key Challenges in Logistics

    Source: Government of India

    NLDSL Unveils ULIP Hackathon 2.0 and launches Track Your Transport App to Tackle Key Challenges in Logistics

    ULIP Hackathon 2.0 Registration Begins: A Platform for Innovation in Logistics and Supply Chain

    Track Your Transport App Launched to Simplify Logistics

    Posted On: 25 SEP 2024 11:49AM by PIB Delhi

    NICDC Logistics Data Services Ltd. (NLDSL) announces the launch of Unified Logistics Interface Platform (ULIP) Hackathon 2.0, a competitive event aimed at fostering innovation and developing digital solutions to tackle pressing challenges in the logistics industry. The Hackathon was officially launched at an event held under the chairmanship of Shri Rajeev Singh Thakur, Additional Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), at Vanijya Bhawan.

    The launch event witnessed more than 1800 attendees joining the kick-off physically and virtually, reflecting widespread industry interest in the initiative. Hackathon 2.0 marks a significant step in leveraging innovation and technology to reshape and streamline India’s logistics and supply chain sector.

    Building on the success of ULIP Hackathon 1.0, which resulted in the development of cutting-edge solutions, Hackathon 2.0 invites developers, start-ups, and industry players to come together once again. The focus of this year’s hackathon is on addressing key logistics challenges such as sustainability, complex supply chain processes, unified documentation, and multimodal logistics optimization.

    Speaking on the occasion, Shri Rajeev Singh Thakur, said, “We are excited to launch ULIP Hackathon 2.0, an initiative that fosters creativity, problem-solving, and collaboration. With the tremendous success of Hackathon 1.0, we are confident that this year’s event will generate even more innovative solutions to shape the future of India’s logistics ecosystem.”

    As part of its ongoing commitment to transforming the logistics sector, NLDSL also announced the launch of the Track Your Transport (TYT) application powered by ULIP. This app is designed to empower small-scale transporters and traders by addressing various facets of logistics management, from providing tracking of cargo via all modes to verification of vehicles and drivers.  TYT eliminates the need for heavy IT infrastructure investments, making it a cost-effective and user-friendly tool for the unorganized sector.

    Shri Rajat Kumar Saini, CEO & MD, NICDC and Chairman, NLDSL highlighted that the TYT app is a key milestone in their efforts to bring digital empowerment to small traders and transporters. He stated, “The app provides the tools necessary to enhance operational efficiency and visibility, ensuring that small players can compete on a level playing field with the rest of the industry.” 

    Track Your Transport app can be accessed via the web at www.trackyourtransport.in or downloaded through Android, iOS, and Digital India App Stores.

    About ULIP:

    ULIP is a digital gateway that allows industry players to access logistics-related datasets from various Government systems through API-based integration. Currently, the platform integrates with 37 systems from 10 ministries via 118 APIs, covering over 1800 data fields. Private sector participation in ULIP has been instrumental in amplifying its impact, with over 1000 companies registered on the ULIP portal (www.goulip.in). Additionally, these companies have developed over 100 applications, leading to more than 54 crore API transactions.

    About NLDSL:

    NICDC Logistics Data Services Ltd. (NLDSL) has been at the forefront of transforming India’s logistics sector through its innovative solutions like Logistics Data Bank (LDB) and ULIP. By leveraging advanced technology, NLDSL has enhanced efficiency, transparency, and digitization within the industry.

    The company was established on December 30, 2015, with the primary objective of harnessing Information and Communication Technology (ICT) to enhance efficiency in the Indian logistics sector. It is a joint venture between Government of India represented by National Industrial Corridor Development and Implementation Trust (NICDIT) and Japanese IT major NEC Corporation.

    ***

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    (Release ID: 2058492) Visitor Counter : 13

    MIL OSI Asia Pacific News –

    September 29, 2024

  • MIL-OSI USA: US Department of Labor files suit to recover unpaid overtime wages, damages for more than 180 shortchanged Coway USA workers

    Source: US Department of Labor

    LOS ANGELES – The U.S. Department of Labor has filed a suit in the U.S. District Court for the Central District of California alleging that Coway USA Inc., a Los Angeles-based company that sells, leases and services household appliances, failed to pay overtime wages earned by more than 180 employees, a violation of the Fair Labor Standards Act. 

    The action follows an investigation by the department’s Wage and Hour Division that found Coway knowingly shortchanged employees who serviced and maintained company products by falsifying employment records to hide all hours worked by employees. The investigation also revealed that Coway failed to account or pay for time spent by employees on calls with customers, loading and unloading vehicles with products for delivery, trips to the warehouse to pick up inventory and attending mandatory trainings. Additionally, Coway automatically deducted 30 minutes per day for lunch even though employees worked through lunch to meet customer needs or stay on schedule.

    In addition to falsifying records, the department alleges that Coway utilized a flawed methodology for purposes of computing overtime pay, further reducing their overtime liability and depriving employees of their overtime wages. 

    The division estimates Coway owes hundreds of thousands of dollars in unpaid overtime wages to more than 180 employees. In addition to seeking the recovery of all unpaid wages, the department is seeking an equal amount in liquidated damages. 

    “Coway knowingly violated federal law by depriving workers of their hard-earned overtime pay and falsifying the hours they worked,” explained Regional Solicitor Marc Pilotin in San Francisco. “Coway’s violations have to be remedied and the company must be brought into compliance to ensure workers are fully and accurately compensated.”  

    “Our investigation found Coway, with brand ambassadors such as Korean pop band BTS, failed to pay more than 180 workers their overtime wages,” said Wage and Hour Division District Director Kimchi Bui in Los Angeles. “Employers can pay by piece-rate based on the number of units employees service, but they must pay overtime using the correct methodology and accounting for all hours worked.”

    Based in Los Angeles, Coway USA Inc. is a subsidiary of international household appliance manufacturer Coway Co. Ltd. The company produces water purifiers, air purifiers, bidets, water softeners and mattresses from South Korea.

    The Wage and Hour Division’s Los Angeles District Office conducted the investigation. The regional Office of the Solicitor in San Francisco is litigating the case in court.

    Learn more about the Wage and Hour Division, including a search tool to use if you think you may be owed back wages collected by the division and how to file an online complaint. For confidential compliance assistance, employees and employers can call the agency’s toll-free helpline at 866-4US-WAGE (487-9243), regardless of where they are from. The division can speak with callers in more than 200 languages.

    Download the agency’s new Timesheet App for iOS and Android devices – available in English and Spanish – to ensure hours and pay are accurate.

    MIL OSI USA News –

    September 29, 2024

  • MIL-OSI USA: Office of the Governor – News Release – Gov. Green Lauds Top State Manager, Employee and Team of the Year

    Source: US State of Hawaii

    JOSH GREEN, M.D.

    GOVERNOR
    KE KIAʻĀINA

    GOVERNOR GREEN LAUDS TOP STATE MANAGER, EMPLOYEE AND TEAM OF THE YEAR

    FOR IMMEDIATE RELEASE
    September 24, 2024

    HONOLULU — Governor Josh Green, M.D., today recognized winners of the Governor’s Awards, designed to honor state Executive Branch employees, managers and work teams who exemplify the highest caliber of public service and dedication in serving the people of Hawai‘i. The statewide program is administered by the Department of Human Resources Development.

    “Public employees have made important contributions to our continuing efforts to improve the efficiency and quality of government services,” said Governor Green. “We are honored to work with such dedicated individuals and appreciate all they do each and every day.”

    Governor Green presented the awards for:

    STATE MANAGER OF THE YEAR: Joanna Seto, Administrator, Department of Health

    Faced with extraordinary responsibilities, including the Red Hill Fuel crisis, Joanna’s skills and successes have never been more apparent than after the Maui wildfires. She actively led her team through the response and recovery phases and continues to help hone their skills to assist the community in rehabilitating the environment. Leading by example, her team is committed to its mission – to protect human health and the environment.

    STATE EMPLOYEE OF THE YEAR: Heidi Taogoshi, Registered Nurse, Department of Health

    In the aftermath of the Maui Wildfires, Heidi quickly assessed the needs of the Lahaina community resulting in the deployment of mobile medical teams and the conversion of an abandoned state building into a health care clinic to provide essential services to those affected by the wildfires. With her guidance, management of the clinic was transferred to community providers, ensuring continued services to the people of Lahaina.

    STATE TEAM OF THE YEAR: UH Maui College Culinary Arts Team, University of Hawai‘i

    When the UH Maui College Pa‘ina Building was transformed into a fire relief food hub after the wildfires, the Culinary Arts team worked with organizations to prepare meals for residents displaced by the fire. The team also created a Disaster Relief Food Preparation Experience course, designed for students to work with industry chefs and instructors to learn about disaster relief food preparation and distribution.

    The three winners were selected from 56 exceptional groups and individual nominees.  A volunteer Selection Committee of four prominent members of the community carefully reviewed the 56 nomination packets and rated them according to defined categories.  The committee presented its recommendations for the three awards to Governor Green.

    The four members of this year’s Selection Committee are: Hawai‘i Public Radio host and news team member Catherine Cruz; City and County of Honolulu Homeless Coordinator Sam Moku; Hawai‘i Convention Center/ASM Global General Manager Teri Orton, and Office of the Governor Chief of Staff Brooke Wilson.

    At this year’s ceremony, Governor Green also recognized the recipients of the 2020 Governor’s Awards for Employee, Manager and Team of the Year for their outstanding achievements due to the cancellation of the May 2020 ceremony during the COVID-19 pandemic.

    The 2020 Selection Committee, comprising John Gotanda, president, Hawai‘i Pacific University; Catherine Cruz, host and news team member, Hawai‘i Public Radio; Marc Alexander, then-executive director, Mayor’s Office of Housing; Terri Funakoshi, director of operations, YWCA O‘ahu; and Jason Hagiwara, president and general Manager, KITV4 Island Television, selected the award recipients from 53 exceptional groups and individual nominees. They are:

    2020 STATE MANAGER OF THE YEAR: BONNIE KAHAKUI, state procurement assistant administrator, Department of Accounting and General Services

    Bonnie sets the pace in her office, always looking ahead and focusing on improving practices and procedures. She launched a new Learning Management System, recording more than 14,000 attendees at procurement training workshops and worked to broaden the purchasing process and take advantage of Amazon’s wide selection. Bonnie also led a statewide initiative to procure electric vehicles and infrastructure to help reduce Hawai‘i’s carbon footprint.

    2020 STATE EMPLOYEE OF THE YEAR: JANIS MATSUNAGA, entomologist, Department of Agriculture

    She is a leading expert in the field, editor of the Proceedings of the Hawaiian Entomological Society and is one of the longest serving officers in the 100-plus year history of the Hawaiian Entomological Society. Through emails or social media, Ms. Matsunaga will often bring peace of mind to the residents of Hawai‘i by defining problems with beetles infesting cabinetry or address insect problems that exist in their homes.

    2020 STATE TEAM OF THE YEAR: CORRECTIONS PROGRAMS SERVICES (CPS) – EDUCATION BRANCH, Department of Public Safety

    Education gives us knowledge and provides the necessary skills to navigate the world around us. When inmates become students of the Education Branch, they are more likely to find employment, make a positive contribution to society and strengthen family relations. The public benefits from reduced government costs, decreased crime rates, safer communities and a reduced tendency of convicted criminals to reoffend. In 2019, the Team produced 28 GED graduates, with 3 students passing the HiSET. (The Department of Public Safety was redesignated as the Department of Corrections and Rehabilitation effective January 1, 2024.)

    “These individuals have selflessly given of themselves to enrich the lives of those they serve,” said Governor Green. “Their accomplishments perpetuate the aloha spirit and make our state a special place to live and work.”

    Photos from today’s awards ceremony will be uploaded here.

    # # #

    Media Contacts:   
    Erika Engle
    Press Secretary
    Office of the Governor, State of Hawai‘i
    Phone: 808-586-0120
    Email: [email protected]

    Makana McClellan
    Director of Communications
    Office of the Governor, State of Hawaiʻi
    Cell: 808-265-0083
    Email: [email protected]

    Erin Conner
    Executive Specialist
    Department of Human Resources Development
    Phone: 808-587-1120
    Email: [email protected]

    MIL OSI USA News –

    September 29, 2024

  • MIL-OSI Translation: AMERICA/HAITI – Father Massimo Miraglio: “we continue with courage and determination our commitment alongside the people so that one day they may have a dignified life”

    MIL OSI Translation. Region: Italy –

    Source: The Holy See in Italian

    Wednesday, September 25, 2024

    MM

    by Antonella PrennaPourcine (Agenzia Fides) – “Although the international spotlight on Haiti has been turned off for some time now, newspapers and media no longer talk about it, the situation has absolutely not changed or improved”. Father Massimo Miraglio, a Camillian missionary, tells Fides the reality he found upon his return to Haiti after a long and forced Italian break. “Despite the intervention of the UN forces led by the Kenyan group, which arrived on the island last 25 June, and these days reinforced with additional Jamaican and Belizean forces, the context is always one of degradation. We can say that the presence of these forces in Haiti is almost inoperative. They complain about lack of material, fear of loss of human lives, and fairly restrictive rules of engagement – ​​the missionary remarks. In fact, the capital Port au Prince continues to be in the hands of armed gangs, sowing terror among the people. All activities continue to be almost paralyzed. The entrance to both the south and north of the capital are completely blocked, you can only pass after paying bribes to the various groups that stop along the way. However, this only applies to public transport and trucks which in many cases are seized instead of being allowed to pass. Even the exit that leads to Jeremie, 200 km south of the capital, is now totally closed, it is practically impossible to get there by land. And it is in this tragically sad context for the majority of the Haitian population that the school year will open on October 1st” explains Father Massimo, who has been on the island for almost twenty years. “We cannot hide the fact that the school year will open with many apprehensions and a thousand difficulties. Many children will not go to school and many schools will remain closed, especially in Port au Prince due to the presence of armed gangs. Many children will not be able to go to school because they do not have the money necessary to buy the minimum materials to be able to access teaching. Let us remember that in Haiti 80% of schools are private and costs increase more every year while families continue to fall into poverty.” Even in Jeremie – where the Camillians have a community – the situation is dramatic and many children will not be able to start the school year on time on October 1st. “Books, like all school supplies, are prohibitively expensive and arrive with difficulty from the capital. As well as the uniform and school bag for the students. Finding a decent pair of shoes to send them to school has become truly challenging and very expensive. In short, it promises to be a truly difficult school year for the children of Haiti” adds Fr. Miraglio. “In our parish of Our Lady of Help in Pourcine, in the mountainous hinterland of Jeremie, this year we will have 250 pupils enrolled in primary school and nursery school” explains Fr. Massimo who is the parish priest (see Fides 28/9/2023). We managed to build two small, very simple structures, with local wood, tents and sheet metal, where six primary school classes and two nursery school classes will be hosted. With equally great difficulty we managed to complete the teaching staff. They are all very young, the only ones who agree to come and teach in such distant places, despite the idea of ​​having a salary. It will be the second year that the ‘Our Lady of Perpetual Help’ school will open here in the Pic-Makaya mountains.” Among the various projects that the missionaries try to carry forward on the Caribbean island the Camillian emerges as the absolute priority of a clinic doctor. “We would like to create a small clinic in the parish to avoid the large movements to which those who become ill are subjected, our Foyer Saint Camille in Port au Prince is very far away. Furthermore, this week, with a group of Cuban doctors and the support of a local organization, we will organize a mobile clinic with which we can give an initial welcome to the sick in a mountain area and bring together people from two nearby valleys. This too is an arduous undertaking because to reach the place where we would like to take the clinic more than four hours are needed on foot and the same number to be able to return to the paths along the slopes which are very dangerous, especially in this period of rain.”“Following the charism of our Founder, San Camillo, we want to work in the area alongside groups of chronically ill people, children with nutritional problems, elderly people who are often abandoned and alone in their homes. We hope to be able to create a clinic by 2025, we are very grateful to the organization Madian Orizzonti, of the Camillian Missionaries of Turin, which supports us with great affection and we trust in the support of many other people who will meet us on our journey.”“In Unfortunately, at the moment the province is also not free from problems due to the enormous difficulties in communicating with the capital. Being able to receive goods of all kinds from Port au Prince is very complicated, as Haiti is a country where everything is very centralized and everything comes from the capital. In recent times, even transport from the province to the capital Jeremie is difficult due to the increase in the cost of diesel and petrol.” from the source to the center of the village. And it is very important not only because it will shorten the distances from the source to the valley, where most people live, but above all because we will be able to make the water drinkable and avoid/limit the continuous and frequent epidemics of cholera and intestinal diseases. Together with the aqueduct, work to support agriculture continues. In the next few months we hope to launch a coffee production nursery in the area which in the past had provided a certain prosperity. However, let us not lose hope and continue to fight to create better living conditions – concludes Father Miraglio. The aqueduct, the schools, the nursery, the mobile clinics, are all important aspects to revive the hope of the population and ensure that their living conditions can improve and keep people from abandoning these countryside locations to come and gather in metropolises or provincial towns which are already, like Jeremie, overloaded with people, where it is not possible to provide work or hope to these people who leave the countryside to go to the city. We continue our commitment with courage and determination alongside this peasant population, we try to support their faith, to accompany them so that one day they can achieve dignified living standards”. (Agenzia Fides 25/9/2024)MM

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    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

    September 29, 2024

  • MIL-OSI Security: Grand Barachois  — Have you seen this stolen car?

    Source: Royal Canadian Mounted Police

    The Shediac RCMP is asking for the public’s help to locate a stolen car from Grand Barachois, N.B.

    The theft is believed to have occurred in the overnight hours of September 12, 2024, on Peat Moss Road in Grand Barachois.

    The vehicle is described as a white 2011 Honda Civic, with New Brunswick licence plate KCJ 643 and vehicle identification number 2HGFG1A6XBH001784.

    If you have seen the car since the evening of September 12, or if you have information that could help further the investigation, please contact the Shediac RCMP at 506-533-5151. Information can also be provided anonymously through Crime Stoppers at 1-800-222-TIPS (8477), by downloading the secure P3 Mobile App, or by Secure Web Tips at www.crimenb.ca .

    MIL Security OSI –

    September 29, 2024

  • MIL-OSI USA: Good Things Are in the Air in Oregon

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)
    Tuesday, September 24, 2024
    Two recent events in Oregon point to things looking up in the state. Last week I felt like I was walking on air when I took part in the tip-off of the WNBA awarding an expansion franchise to Portland. Last month, I was jazzed to see small, locally produced UAV businesses accelerate up in Pendleton. 
    Back in February 2023, a team of Oregonians passionate about women’s sports, gathered at my friend Jenny Nguyen’s “The Sports Bra” in Portland with WNBA Commissioner Cathy Engelbert. 
    At that roundtable with women athletes, women’s sports executives and coaches from all over the state, Oregon put on a world-class show of support for women’s sports.
    The question that night was not “whether” Portland would get a WNBA team, but “when.” We know now that our team will take the court in 2026 and I’m already hearing reports of Oregonians planning in Portland, huddling in Hermiston, meeting in McMinnville and brainstorming in Beaverton to discuss what the team’s name should be.    
    The fact that the WNBA chose Portland for its next team is a ‘nothing-but-net’ kind of endorsement and  is definitely one for the W column. Not only will the team generate positive economic impact for local  restaurants, hotels and shops, it will also create memorable experiences for families to build on their hoops dreams in Portland.   
    Chalking up another W for Oregon, last month I was delighted to see the good work of the UAS Accelerator in Pendleton and how it is helping small, local businesses take flight by producing and refining UAVs right here in Oregon.  
    It’s clear that UAVs can be literal lifesavers in emergencies like wildfires where the terrain can be treacherous and hard to reach. UAVs also help the environment by using precise spraying methods, which reduce the unintentional spread and needless overuse of herbicides and fertilizers, as well as conserving energy and water.  And potentially the application with the most impact is the security that comes with domestically-produced technology—the kind of technology we depend on in emergencies must be resistant to foreign interference.   
    That’s a W for crucial technology and another for generating meaningful jobs for Oregonians. 
    The potential to create good-paying jobs is always on my radar, and I was particularly struck with Phenix Solutions Inc. out of McMinnville. Its Ultra 2XL UAV model’s ability to haul heavy loads of water or equipment to aid with emergencies in difficult terrain has already earned it contracts with the U.S. Navy and U.S. Air Force, with potential for much more.
    Phenix Solutions is not only innovating with fire-fighting technology the West Coast so dearly needs in an escalating climate crisis, it’s also creating job opportunities for Oregonians, making it possible for them to buy homes and raise families outside of Portland. Phenix Solutions currently employs 20 people with an average salary of $123,000; it predicts that number of employees will increase by 50% in 2025.
    These high-flying successes for Oregon could not have been achieved alone, but rather could only be reached by Oregonians lifting each other up and engaging in the Oregon Way.
    Whether it’s working together to create meaningful experiences for Oregonians, creating domestic solutions to common challenges, or enhancing our local economy, when Oregonians work together we can reach stratospheric heights.  

    MIL OSI USA News –

    September 29, 2024

  • MIL-OSI United Kingdom: Drive to Net Zero Wins Award

    Source: Scotland – City of Dundee

    Dundee City Council is celebrating more national success for its drive to net zero and use of electric vehicles.  

    Logistics UK recently announced the winners of its Van Awards 2024.   

    Dundee City Council won the Van Decarbonisation category against competition from industry giants like Aspire Defence, John Lewis Partnership, Reflex Vehicle Hire, Speedy Hire and the AA.   

    The award put a national spotlight on Dundee’s electrification and decarbonisation strategy  

    Simultaneously, Dundee City Council will now be shortlisted for the Van Business of the Year category at the prestigious Logistics Awards 2024 taking place in December.  

    Fair Work, Economic Growth and Infrastructure convener Cllr Steven Rome said: “This award represents more national recognition for the journey Dundee is undertaking.    

    “We have accomplished much, and we are working on actions set out in the Council’s Net Zero Transition Plan to become a more sustainable city and a more modern council.” 

    Kevin Green, Director of Policy & Communications at Logistics UK said: “The competition was fierce this year and being selected as a finalist is a great achievement itself.  Over three million people employed across industries ranging from engineering and construction to emergency and rescue services rely on a van for their job, so it is impossible to understate the contribution the sector makes to all our lives and the broader economy.”  

    MIL OSI United Kingdom –

    September 29, 2024

  • MIL-OSI: Man Group PLC : Form 8.3 – Smith (DS) plc

    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: Man 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    		 Smith (DS) 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    		 24/09/2024
    (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”    		 YES / NO / N/A
    Offeror: International Paper Company

    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:        
    (2)   Cash-settled derivatives: 14,948,791 1.08 26,895 0.00
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        

            TOTAL:

    		 14,948,791 1.08 26,895 0.00

    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
    10p ordinary Equity Swap Closing a long & opening a short position 15,943 4.588 GBP
    10p ordinary Equity Swap Closing a long & opening a short position 44,314 4.588 GBP
    10p ordinary Equity Swap Closing a long & opening a short position 4,954 4.588 GBP
    10p ordinary Equity Swap Closing a long & opening a short position 72,561 4.588 GBP

    (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: 25/09/2024
    Contact name: Mackenzie Terry
    Telephone number: +442071441555

    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 –

    September 29, 2024

  • MIL-OSI Security: Norboro — Prince District RCMP investigating fatal two vehicle collision

    Source: Royal Canadian Mounted Police

    Prince District RCMP is investigating a fatal two vehicle collision that occurred on route 2 near the Grahams road in Norboro involving a car and a tractor.

    September 24, 2024, at approximately 4:10 p.m., Prince District RCMP, Kensington Fire Department and Island EMS responded to a two-vehicle collision on Route 2 in Norboro. RCMP officers learned that a car collided with a tractor hauling a potato equipment as the tractor was making a left turn.

    The driver and sole occupant of the car, a 27-year-old Prince County woman, was pronounced deceased at the scene and the driver of the tractor was uninjured.

    A collision reconstructionist attended and the investigation is ongoing.

    Route 2 was closed for several hours but has since reopened.

    Our thoughts are with the victims’ families at this difficult time.

    MIL Security OSI –

    September 29, 2024

  • MIL-OSI: AGF Management Limited Reports Third Quarter 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Sept. 25, 2024 (GLOBE NEWSWIRE) —

    • Reported quarterly adjusted diluted earnings per share of $0.37
    • Total assets under management and fee-earning assets of $49.7 billion
    • Declared quarterly dividend per share of 11.5 cents

    AGF Management Limited (AGF or the Company) (TSX: AGF.B) today announced financial results for the third quarter ended August 31, 2024.

    AGF reported total assets under management and fee-earning assets1 of $49.7 billion compared to $47.8 billion as at May 31, 2024 and $42.3 billion as at August 31, 2023.

    “Amid an uncertain economic backdrop and significant market volatility, we are pleased to see early signs of improvement with positive retail net flows complementing our solid investment performance,” said Kevin McCreadie, Chief Executive Officer and Chief Investment Officer, AGF. “This improvement can be attributed to our long-term strategic plan which diversifies our business across asset classes and client channels ensuring we thrive through changing market cycles.”

    AGF’s mutual fund gross sales were $1,012 million for the quarter compared to $934 million in the previous quarter and $633 million in the prior year quarter. Mutual fund net sales were $14 million compared to net redemptions of $112 million in the previous quarter and net redemptions of $151 million in the prior year quarter.

    “Given the current market environment and industry trends, we are pleased with the trajectory of our sales strategy,” said Judy Goldring, President and Head of Global Distribution, AGF. “Heading into the final months of 2024, we remain focused on diversifying our capabilities and offerings through a vehicle agnostic approach that meets the evolving needs of our clients.”

    _________________
    1 Fee-earning assets represents assets in which AGF has carried interest ownership and earns recurring fees but does not have ownership interest in the managers

    Key Business and Financial Highlights:

    • AGF International Advisors Company Limited, a subsidiary of AGF, was once again accepted as a signatory to the UK Stewardship Code, a best-practice benchmark in investment stewardship.
    • AGF Management Limited partnered with Archer Holdco, LLC – a leading technology-enabled service provider to the investment management industry – to help further grow its Separately Managed Accounts (SMA) model business through additional product offerings and investment strategies.
    • AGF SAF Private Credit LP was named a Top Contender for a 2024 Canadian Hedge Fund Award Fund.
    • Adjusted EBITDA2 for the three months ended August 31, 2024, was $40.2 million, compared to $37.0 million for the three months ended May 31, 2024 and $33.7 million in the prior year comparative period.
    • Net management, advisory and administration fees2 were $78.7 million for the three months ended August 31, 2024, compared to $81.2 million for the three months ended May 31, 2024 and $73.8 million for the comparative prior year period.
    • Adjusted revenue from AGF Capital Partners for the three months ended August 31, 2024, was $18.5 million, compared to $12.0 million for the three months ended May 31, 2024 and $7.3 million for the comparative prior year period. The increase quarter over quarter and year over year were driven by higher fair value adjustments and distribution income and the consolidation of a full quarter of KCPL financial results. Revenue from AGF Capital Partners can be variable quarter to quarter and can be impacted by fair value adjustments, timing of monetizations and cash distributions as well as performance fees and carried interest.
    • Adjusted selling, general and administrative costs2 were $59.6 million for the three months ended August 31, 2024, compared to $60.0 million for the three months ended May 31, 2024 and $50.3 million for the comparative prior year period.
    • Adjusted net income attributable to equity owners was $24.5 million ($0.37 adjusted diluted EPS) for the three months ended August 31, 2024, compared to $23.6 million ($0.35 adjusted diluted EPS) for the three months ended May 31, 2024 and $22.9 million ($0.34 adjusted diluted EPS) for the comparative prior year period.
        Three months ended Nine months ended
          August 31,     May 31,     August 31,     August 31,     August 31,  
      (in millions of Canadian dollars, except per share data)   2024     2024     2023     2024     2023  
                           
      Revenues                    
      Management, advisory and administration fees $ 114.4   $ 116.4   $ 107.4   $ 339.4   $ 324.0  
      Trailing commissions and investment advisory fees   (35.7 )   (35.2 )   (33.6 )   (104.6 )   (101.5 )
      Net management, advisory and administration fees2 $ 78.7   $ 81.2   $ 73.8   $ 234.8   $ 222.5  
      Deferred sales charges   1.4     1.9     1.8     5.3     5.7  
      Adjusted revenue from AGF Capital Partners2   18.5     12.0     7.3     54.7     29.4  
      Other revenue2   1.2     1.9     1.1     5.1     2.4  
      Total adjusted net revenue2   99.8     97.0     84.0     299.9     260.0  
                           
      Selling, general and administrative   66.3     68.2     50.2     192.3     156.2  
      Adjusted selling, general and administrative2   59.6     60.0     50.3     173.1     155.0  
                           
      EBITDA2   33.0     26.6     33.8     104.8     103.8  
      Adjusted EBITDA2   40.2     37.0     33.7     126.8     105.0  
                           
      Net income – equity owners of the Company   20.3     18.1     23.0     68.9     70.9  
      Adjusted net income – equity owners of the Company   24.5     23.6     22.9     81.8     71.9  
                           
      Diluted earnings per share   0.30     0.27     0.34     1.03     1.05  
                           
      Adjusted diluted earnings per share   0.37     0.35     0.34     1.23     1.07  
                           
      Free cash flow2   29.1     23.7     22.9     73.9     62.8  
                           
      Dividends per share   0.115     0.115     0.110     0.340     0.320  
      (end of period) Three months ended
          Aug. 31,     May 31,     Feb. 28,     Nov. 30,     Aug. 31,  
      (in millions of Canadian dollars)   2024     2024     2024     2023     2023  
                             
      Mutual fund assets under management (AUM)3 $ 28,104   $ 26,961   $ 26,186   $ 24,459   $ 24,377  
      ETFs and SMA AUM   2,128     1,800     1,676     1,465     1,332  
      Segregated accounts and sub-advisory AUM   6,430     6,313     7,162     6,774     7,058  
      Total AGF Investments AUM   36,662     35,074     35,024     32,698     32,767  
      AGF Private Wealth AUM   8,186     8,026     7,836     7,341     7,360  
      AGF Capital Partners AUM   2,774     2,663     48     46     42  
      Total AUM $ 47,622   $ 45,763   $ 42,908   $ 40,085   $ 40,169  
      AGF Capital Partners fee-earning assets4   2,080     2,081     2,104     2,095     2,090  
      Total AUM and fee-earning assets4 $ 49,702   $ 47,844   $ 45,012   $ 42,180   $ 42,259  
                             
      Net mutual fund sales (redemptions)3   14     (112 )   (125 )   (224 )   (151 )
      Average daily mutual fund AUM3   27,542     26,604     25,197     23,840     24,168  

    2 Net management, advisory and administration fees, adjusted revenue from AGF Capital Partners, total net revenue, adjusted selling, general and administrative, EBITDA, adjusted EBITDA, and free cash flow are not standardized measures prescribed by IFRS. The Company utilizes non-IFRS measures to assess our overall performance and facilitate a comparison of quarterly and full-year results from period to period. They allow us to assess our investment management business without the impact of non-operational items. These non-IFRS measures may not be comparable with similar measures presented by other companies. These non-IFRS measures and reconciliations to IFRS, where necessary, are included in the Management’s Discussion and Analysis available at www.agf.com.
    3 Mutual fund AUM includes retail AUM and institutional client AUM invested in customized series offered within mutual funds.
    4 Fee-earning assets represents assets in which AGF has carried interest ownership and earns recurring fees but does not have ownership interest in the managers.

    For further information and detailed financial statements for the third quarter ended August 31, 2024, including Management’s Discussion and Analysis, which contains discussions of non-IFRS measures, please refer to AGF’s website at www.agf.com under ‘About AGF’ and ‘Investor Relations’ and at www.sedarplus.com.

    Conference Call

    AGF will host a conference call to review its earnings results today at 11 a.m. ET.

    The live audio webcast with supporting materials will be available in the Investor Relations section of AGF’s website at www.agf.com or at https://edge.media-server.com/mmc/p/fwjgan3c/. Alternatively, the call can be accessed over the phone by registering here or in the Investor Relations section of AGF’s website at www.agf.com, to receive the dial-in numbers and unique PIN.

    A complete archive of this discussion along with supporting materials will be available at the same webcast address within 24 hours of the end of the conference call.

    About AGF Management Limited

    Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

    AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

    Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With nearly $50 billion in total assets under management and fee-earning assets, AGF serves more than 800,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

    AGF Management Limited shareholders, analysts and media, please contact:

    Ken Tsang
    Chief Financial Officer
    416-865-4338, InvestorRelations@agf.com

    Caution Regarding Forward-Looking Statements

    This press release includes forward-looking statements about the Company, including its business operations, strategy and expected financial performance and condition. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as ‘expects,’ ‘estimates,’ ‘anticipates,’ ‘intends,’ ‘plans,’ ‘believes’ or negative versions thereof and similar expressions, or future or conditional verbs such as ‘may,’ ‘will,’ ‘should,’ ‘would’ and ‘could.’ In addition, any statement that may be made concerning future financial performance (including income, revenues, earnings or growth rates), ongoing business strategies or prospects, fund performance, and possible future action on our part, is also a forward-looking statement. Forward-looking statements are based on certain factors and assumptions, including expected growth, results of operations, business prospects, business performance and opportunities. While we consider these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. Forward-looking statements are based on current expectations and projections about future events and are inherently subject to, among other things, risks, uncertainties and assumptions about our operations, economic factors and the financial services industry generally. They are not guarantees of future performance, and actual events and results could differ materially from those expressed or implied by forward-looking statements made by us due to, but not limited to, important risk factors such as level of assets under our management, volume of sales and redemptions of our investment products, performance of our investment funds and of our investment managers and advisors, client-driven asset allocation decisions, pipeline, competitive fee levels for investment management products and administration, and competitive dealer compensation levels and cost efficiency in our investment management operations, as well as general economic, political and market factors in North America and internationally, interest and foreign exchange rates, global equity and capital markets, business competition, taxation, changes in government regulations, unexpected judicial or regulatory proceedings, technological changes, cybersecurity, the possible effects of war or terrorist activities, outbreaks of disease or illness that affect local, national or international economies, natural disasters and disruptions to public infrastructure, such as transportation, communications, power or water supply or other catastrophic events, and our ability to complete strategic transactions and integrate acquisitions, and attract and retain key personnel. We caution that the foregoing list is not exhaustive. The reader is cautioned to consider these and other factors carefully and not place undue reliance on forward-looking statements. Other than specifically required by applicable laws, we are under no obligation (and expressly disclaim any such obligation) to update or alter the forward-looking statements, whether as a result of new information, future events or otherwise. For a more complete discussion of the risk factors that may impact actual results, please refer to the ‘Risk Factors and Management of Risk’ section of the 2023 Annual MD&A.

    The MIL Network –

    September 29, 2024

  • MIL-OSI Europe: AMERICA/HAITI – Father Massimo Miraglio: “With courage and determination, we continue our commitment so that people will one day have a decent standard of living”

    Source: Agenzia Fides – MIL OSI

    Wednesday, 25 September 2024

    MM

    by Antonella PrennaPourcine (Agenzia Fides) – “Although the international spotlight on Haiti has long since faded, newspapers and media no longer report on it, the situation has not changed or improved in any way”. This is what the Italian Camillian Father Massimo Miraglio complains to Fides about the reality he found upon his return to Haiti after a long forced break in Italy.”Despite the intervention of the UN units led by the Kenyan force, which arrived on the island on June 25 and which have been reinforced in recent days by additional soldiers from Jamaica and Belize, the situation is still disastrous. It can be said that the presence of these troops in Haiti is almost ineffective. They complain of a lack of material, fear of loss of life and restrictive rules of engagement”, says the missionary. “In fact, the capital, Port au Prince, remains in the hands of armed gangs that spread terror among the population. All activities remain almost paralyzed. The entrances to the south and north of the capital are completely blocked, with various groups demanding bribes from people who stop them on the way. But this only applies to public transport and trucks, which in many cases are confiscated instead of letting them through. The exit to Jeremie, 200 km south of the capital, is also closed; it is practically impossible to get there by land. In this sad situation for the majority of the Haitian population, the new school year begins on October 1,” explains Father Massimo, who has lived on the island for almost twenty years.”We cannot hide the fact that the start of the school year will be accompanied by great fears and many difficulties. Many children will not go to school and many schools will be closed, especially in Port-au-Prince, due to the presence of armed gangs. Many children will not be able to go to school because they do not have the money to buy the minimum school supplies. Consider that 80 percent of schools in Haiti are private and costs are rising every year, while families are plunged further into poverty,” the missionary says. In Jeremie – where the Camillians have a parish – the situation is also dramatic and many children are unlikely to be able to start the school year on time on October 1st. “Books, like all school materials, are prohibitively expensive and difficult to get from the capital. The same goes for uniforms and school bags for students. Finding a decent pair of shoes to send them to school has become very difficult and expensive. In short, it promises to be a very difficult school year for children in Haiti,” adds Father Miraglio.”In our parish in Pourcine, in the mountainous hinterland of Jeremie, 250 students will be enrolled in primary and kindergarten this year,” explains Father Massimo, who is the parish priest (see Fides, 28/9/2023). “We have managed to build two very simple small buildings out of local wood, tents and sheet metal, which will accommodate six elementary school classes and two kindergarten classes. With just as much effort, we have managed to complete the teaching staff. They are all very young and the only ones who are prepared to teach in such a distant place despite the prospect of a salary. This will be the second school year in which the school will open here in the Pic Makaya mountains.”Among the various projects that the missionaries want to implement on the Caribbean island, the Camillians’ top priority is the establishment of a medical clinic on site. “We would like to set up a small outpatient clinic in the parish to save the sick from having to travel long distances; our “Foyer Saint Camille” in Port au Prince is far away. In addition, this week we will organize a mobile clinic with a group of Cuban doctors and the support of a local organization, with which we can provide first aid to the sick in a mountain region and bring people from two neighboring valleys. This is also a difficult undertaking, because to reach the place where we want to set up the clinic, we need more than four hours on foot and the same time to return to the paths along the slopes, which are very dangerous, especially in this rainy season.”“Following the charism of our founder, Saint Camillus, we want to work in this area with groups of chronically ill people, children with nutritional problems and the elderly who are often abandoned and alone in their homes. We hope to be able to set up an outpatient clinic by 2025, we are very grateful to the “Madian Orizzonti” organization of the Camillian Missionaries of Turin, who have supported us with great affection and we trust in the support of many other people who will meet us on our way,” stresses the missionary. “At the moment, unfortunately, the province is not free of problems due to the enormous difficulties in communication with the capital. It is very complicated to receive all kinds of goods from Port au Prince because Haiti is a country where everything is very centralized and everything comes from the capital. Recently, transport from the province to the capital, Jeremie, has also been difficult due to the rising prices of diesel and gasoline,” he reports.”In Pourcine Pic-Makaya, in our community, work is continuing on the aqueduct, we bring the water from the source to the center of the village. This is very important, not only because it shortens the distance between the source and the valley where most people live, but above all because it allows us to purify the water and avoid/limit the constant and frequent epidemics of cholera and intestinal diseases. In addition to the aqueduct, work to support agriculture is also continuing. We hope to create a coffee nursery in the coming months in the area that in the past provided some prosperity. But we do not give up hope and we continue to fight for better living conditions,” said Father Miraglio. “The aqueduct, the schools, the kindergarten, the mobile clinics, all these are important aspects to revive the hope of the population and ensure that their living conditions improve and prevent people from leaving these rural towns to concentrate in the metropolis or in the provincial towns that, like Jeremie, are already overcrowded and where there is no possibility of giving work and hope to these people who leave the countryside to come to the city. With courage and determination we continue our commitment alongside these rural populations, we try to support them in their faith, to accompany them so that one day they can have a decent standard of living,” he concludes. (Agenzia Fides, 25/9/2024)
    MM

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    MIL OSI Europe News –

    September 29, 2024

  • MIL-OSI USA: U.S. net natural gas exports remain flat in the first half of 2024

    Source: US Energy Information Administration

    In-brief analysis

    September 25, 2024

    In the first six months of 2024, U.S. net natural gas exports (exports minus imports) averaged 12.6 billion cubic feet per day (Bcf/d), 1% (0.1 Bcf/d) more than the same period last year and 2% (0.3 Bcf/d) less than in 2023, according to our Natural Gas Monthly. Since 2019, increases in liquefied natural gas (LNG) exports and exports by pipeline to Mexico have led the growth in U.S. natural gas exports. The United States has exported more natural gas than it imports since 2017.

    The United States trades natural gas by pipeline with Canada and Mexico and as LNG with more than 40 countries. The United States imports more natural gas by pipeline from Canada than it exports, and it exports more natural gas by pipeline to Mexico than it imports. The United States has been a net exporter of LNG since 2016.

    The large buildout of LNG export capacity enabled LNG exports to grow from an annual average of 0.5 Bcf/d in 2016 to 11.9 Bcf/d in 2023. Currently, the United States has seven LNG export terminals in operation and five terminals under construction. In 2023, the United States was the world’s largest LNG exporter. By the end of this year, we expect two new LNG export facilities—Plaquemines LNG and Corpus Christi LNG Stage 3 (an expansion of the existing Corpus Christi LNG export terminal)—to start LNG exports.

    Data source: U.S. Energy Information Administration, Natural Gas Monthly
    Note: Includes waterborne liquefied natural gas (LNG) exports by vessel (excludes exports by truck and ISO container). Other includes LNG imports into Northeast Gateway and Cove Point.

    U.S. natural gas pipeline imports from Canada play an important role in balancing the U.S. natural gas market, particularly in the winter. Most natural gas imported by pipeline from Canada arrives in the Western and Midcontinent regions of the United States. In 2023, net U.S. pipeline imports from Canada averaged 5.2 Bcf/d, of which 83% was imported into the western United States. In the first six months of 2024, net U.S. pipeline imports from Canada averaged 5.4 Bcf/d, an increase of 11% (0.5 Bcf/d) compared with the same period in 2023, mainly because of increased imports into the Midcontinent region.

    Since the end of natural gas production in eastern Canada (offshore Nova Scotia) and growth in production in the U.S. Appalachia region, U.S. exports of natural gas by pipeline into eastern Canada exceeded imports from eastern Canada, making the eastern United States a net exporter of natural gas by pipeline to eastern Canada for several years since 2017.

    Data source: U.S. Energy Information Administration, Natural Gas Monthly, U.S. natural gas pipeline exports and imports by point of exit and entry
    Note: Net pipeline imports=imports minus exports. Positive sign denotes net imports. Negative sign denotes net exports. U.S. aggregations by region include the following states: Western (Idaho, Montana, and Washington), Midcontinent (Michigan, Minnesota, and North Dakota), and Eastern (Maine, New Hampshire, New York, and Vermont).

    U.S. net pipeline exports to Mexico averaged 6.3 Bcf/d in the first six months of 2024, 7% (0.4 Bcf/d) more than over the same period last year and 2% more (0.1 Bcf/d) than the 2023 annual average. U.S.-Mexico cross-border pipeline capacity is set to expand as two new natural gas pipeline projects with a total capacity of 5.3 Bcf/d have received regulatory approvals. These projects are primarily targeting LNG export capacity being developed in Mexico that will be supplied with natural gas sourced from the United States.

    Data source: U.S. Energy Information Administration, Natural Gas Monthly, U.S. natural gas pipeline exports and imports by point of exit and entry
    Note: Net pipeline exports are calculated as imports minus exports. Negative sign denotes net exports.

    Principal contributors: Victoria Zaretskaya, Katy Fleury

    MIL OSI USA News –

    September 29, 2024

  • MIL-OSI: Pivotal Hits Industry Milestone, Surpassing 1,000 Crewed eVTOL Flights

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., Sept. 25, 2024 (GLOBE NEWSWIRE) — Pivotal, the market leader in light electric Vertical Takeoff and Landing (eVTOL) aircraft, today announced it has reached an industry-leading milestone. Specifically, the Pivotal team and its customers have now completed 1,117 crewed flights in BlackFly aircraft, a first in the emerging category of light eVTOL aircraft and all powered-lift eVTOLs.

    “Surpassing 1,000 human-piloted light eVTOL flights is an unmatched achievement,” said Ken Karklin, Pivotal CEO. “Whether for pure recreation, short commutes in rural areas, visits with neighbors, or to explore new terrain – once trained and approved, every pilot loves hopping into this single-seat eVTOL and taking off straight up into the sky.”

    By simplifying flight controls and reducing complexity, Pivotal’s novel tilt aircraft immerses the pilot in the wonder of flight, minimizes points of failure, and offers a high degree of safety.

    “I’ve always sought out the latest advancements in aviation. Pivotal’s eVTOLs provide an incredible flight experience,” said BlackFly owner, Dave Cook. “I’ve had the opportunity to showcase my aircraft at shows alongside my other rides. When I fly in this aircraft, people want to talk with me all about it.”

    BlackFly, Pivotal’s heritage development vehicle and pre-production eVTOL aircraft, have been delivered to individual owners nationwide via its Early Access Program. Additionally, friends and family of these early adopters who are seeking to fly are also receiving comprehensive training to become approved light eVTOL pilots, enabling them to adventure with BlackFly.

    Aircraft delivered through Pivotal’s Early Access Program (EAP) established a two-way communication channel with a select group of owners to provide invaluable feedback on every aspect of their customer experience. Participants in the program purchased a BlackFly prototype light eVTOL aircraft. The Program is closed to new participants as the company moves towards final qualification and production of BlackFly’s production successor, Helix.

    Today, customers can place orders for the Helix, Pivotal’s new production aircraft. The Helix builds on the innovation delivered in the BlackFly. https://pivotal.aero/helix.

    About BlackFly eVTOL
    Pivotal’s prototype eVTOL, the BlackFly, is a fixed-wing aircraft built on Pivotal’s third-generation eVTOL platform. The entire aircraft tilts for vertical takeoff and landing, rather than wing assemblies or rotors rotating to reorient thrust, reducing weight, complexity, and eliminating multiple points of failure. At the heart of this vehicle lies a robust fault-tolerant design, bolstered by triple modular systems for safety and reliability. Capable of manned, unmanned, and optionally manned missions, the light eVTOL aircraft can take off and land on pavement, dirt, or grass –– there’s no landing gear, simply a fuselage wear strip. The BlackFly complies with FAA Part 103 (Ultralight) category in the United States for flight in Class G airspace.

    About Pivotal
    Pivotal designs, develops, and manufactures light eVTOL aircraft. As an industry pioneer, Pivotal is renowned for the BlackFly, the first light eVTOL to be commercially available and delivered to buyers in the United States. Pivotal announced the Helix, its first production aircraft, in October 2023 and opened sales in January 2024. The company’s distinctive tilt-aircraft architecture and scalable platform have been under continuous improvement for well over a decade, and today, Pivotal has the most mature technology in the light eVTOL category. Efficient, compact, and simple, Pivotal vehicles are designed for a wide range of consumer, public service, and defense applications. The company is headquartered in Palo Alto, CA. For videos and more information, visit https://pivotal.aero.

    Media Contact:
    Heidi Groshelle
    press@pivotal.aero

    A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aab56d1d-ee6f-4896-ba01-1d7c76ff0781

    The MIL Network –

    September 29, 2024

  • MIL-OSI: Form 8.3 – ASCENTIAL PLC

    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: VELAY FINANCIAL SERVICES LTD
    (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.    		 Not applicable
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 ASCENTIAL PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: Not applicable
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 24/09/2024
    (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: 1p ordinary
      Interests Short positions
      Number % Number %
    (1)   Relevant securities owned and/or controlled:        
    (2)   Cash-settled derivatives: 2 362 095 1.15    
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        

            TOTAL:

    		 2 362 095 1.15    

    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
    1p ordinary Swap Increasing long position 31 008 5.6464 GBP

    (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: 25/09/2024
    Contact name: Arnaud STEPHANN
    Telephone number*: 00 41 22 707 42 70

    Additional dealing in this security:

    DATE Buy/Sell QTY Price
           
           

    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.

    *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

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

    The MIL Network –

    September 29, 2024

  • MIL-OSI Security: Defense News: Navy Awards Amphibious Multi-Ship Procurement Contracts

    Source: United States Navy

    WASHINGTON – The U.S. Navy awarded contracts totaling $9,472,132,620 for procurement of one America-class amphibious assault ship (LHA) and three San Antonio-class amphibious transport dock (LPD) ships, Sept. 24. The award, executed across two separate contracts to Huntington Ingalls Industries, Ingalls Shipbuilding Division, utilized a multi-ship procurement approach. By using this strategy, as authorized by Congress, the Navy is projected to achieve more than $901 million in cost avoidance as compared to the use of annual contracts.

    The long-term contract agreements align with Secretary of the Navy Del Toro’s maritime statecraft initiatives to make naval shipbuilding more cost effective while promoting shipyard stability and investment. The agreements provide stable shipyard workload well into the early 2030s, providing a consistent demand signal to vendors. 

    “The importance of this multiple amphibious ship purchase cannot be overstated with respect to our whole-of-government effort to restore the maritime capabilities of the United States,” said Del Toro. “This purchase sends a steady demand signal to our shipbuilding industrial base that our Navy is actively investing in our shipbuilding infrastructure.”

    The awards are consistent with the Commandant of the Marine Corps’ projected force structure requirements and demonstrates the Navy’s commitment to maintaining 31 amphibious ships. 

    “The Amphibious Ready Group / Marine Expeditionary Unit (ARG/MEU) is the premier force offering of our Corps,” said Lt. Gen. Eric Austin, Deputy Commandant for Combat Development and Integration. “This multi-ship procurement contract ensures the Marine Corps upholds the obligation to meet combatant commander requirements for continuous MEU presence. ARG/MEUs provide our national leadership with combat credible forces that are persistently forward, assure allies and partners, and contribute to deterrence, campaigning, crisis response, and combat operations.”

    The America-class of amphibious assault ships operate as the centerpiece of ARG/MEU operations and Marine Expeditionary Brigade with accommodations for ship’s company, troops, vehicles, and equipment. The San Antonio-class of amphibious transport dock ships are designed to embark, transport, and deploy ground troops and equipment.

    “This multi-ship procurement provides the long-term stability our shipbuilders and vendors require, enabling them to deliver product effectively, help support and retain a talented and critical workforce, and invest in the infrastructure required to sustain and grow our shipbuilding capability and capacity,” said Assistant Secretary of the Navy Acquisition, Research and Development, Nickolas Guertin.

    “This multi-ship procurement will deliver critical amphibious warfare capability to support the Navy and Marine Corps mission,” said Capt. Matthew Tardy, program manager, Amphibious Warfare Program, Program Executive Office (PEO) Ships. “The partnership between the Navy and Ingalls Shipbuilding is important. We are proud to be working with their talented workforce to build and deliver highly capable ships and provide needed stability for the shipbuilding industrial base.”

    ​​​​​​​Program Executive Office Ships (PEO Ships), one of the Defense Department’s largest acquisition organizations, manages the design and construction of destroyers, amphibious ships, special mission and support ships, as well as a wide range of boats and craft for U.S. agencies and foreign military sales. These platforms enable our nation and its allies to project presence in peace, power in wartime, and assured access at all times.

    – NAVSEA –

    MIL Security OSI –

    September 29, 2024

  • MIL-OSI Asia-Pac: SITI continues visit to Wuhan (with photos)

    Source: Hong Kong Government special administrative region

    SITI continues visit to Wuhan (with photos)
    SITI continues visit to Wuhan (with photos)
    *******************************************

         The Secretary for Innovation, Technology and Industry, Professor Sun Dong, continued his visit in Wuhan, Hubei Province today (September 25).     In the morning, Professor Sun attended the 2024 China Automotive Supply Chain Conference and the Third China Intelligent Networked New Energy Vehicle Ecological Conference organised by the China Association of Automobile Manufacturers and Dongfeng Motor Corporation, as well as the launching ceremony of the International Automotive and Supply Chain (Hong Kong) Summit and the 2025 International Automotive and Supply Chain Expo (Hong Kong).     Speaking at the Conference, Professor Sun said that the automobile industry has entered the new energy era, making it an emerging industry under new industrialisation. In the Hong Kong Innovation and Technology Development Blueprint, new energy vehicle is also one of the significant industries advocated for development under new industrialisation.     He added that the Hong Kong Special Administrative Region (HKSAR) Government and the Ministry of Industry and Information Technology signed the Co-operation Agreement on the Development of New Quality Productive Forces and the Promotion of New Industrialisation last week. Those areas jointly promoted by the two sides are intertwined with the supply chain of new energy vehicle industry. Over the past two years or so, the HKSAR Government attracted over 100 strategic innovation and technology (I&T) enterprises to set up their businesses in Hong Kong, including BeyonCa, a joint enterprise established earlier in Hong Kong by today’s event co-organiser Dongfeng Motor Corporation and France’s Renault Group. He is confident that Hong Kong can make new contributions to the innovative development of the national supply chain of new energy vehicle industry, thereby augmenting the new advantages of Chinese vehicle brands.     Professor Sun then visited Dongfeng Motor Corporation and learned about the corporation’s latest development, product planning and corporate culture. He had in-depth exchanges with the Chairman of the corporation, Mr Yang Qing, on the corporation’s development of new quality productive forces in the future and potential co-operation opportunities between the two parties in aspects such as new industrialisation, with the aim of making good use of Hong Kong’s roles as a “super connector” and “super value-adder” and the unique function as a dual lane to assist Mainland enterprises to go global and expand overseas markets. He particularly hoped that both sides’ collaboration on the project of BeyonCa setting up in Hong Kong will serve as a demonstration of co-operation with each other.     Professor Sun also visited the corporation’s Mengshi Tech Intelligent Park to tour the assembly final workshop, and experience the functionality and performance of the latest domestic high-end off-road electric vehicles at the off-road experience field. Through on-site visits, exchanges and interactions, as well as dynamic experiences, he learned more about the production process and technology capabilities of Mengshi automobiles. Besides, Professor Sun was briefed in detail on the first model car of BeyonCa and he called for accelerating the plan of setting up assembly production line in Hong Kong.     In the afternoon, Professor Sun visited Wuhan FineMEMS Inc. to gain an understanding of the national high technology enterprise’s technology research and development and products in providing MEMS (Microelectromechanical Systems) sensors, and metallic thick film pressure sensors and system. He also visited the fully automated one piece flow smart production line established by the company.     Professor Sun then proceeded to the Wuhan University to meet and exchange views with leaders and experts from Wuhan University, other local higher education institutions, Hong Kong and Macao Affairs Office of the People’s Government of Hubei Province, Department of Science and Technology of Hubei Province, as well as high-tech enterprises. Professor Sun gave the participants an update on Hong Kong’s overall I&T development. They also exchanged views on strengthening collaboration in scientific researches among higher education institutions between Hubei and Hong Kong, as well as advancing the expansion of business by Hubei I&T enterprises to Hong Kong. Professor Sun expressed his support for deepening co-operation in the I&T aspect among higher education institutions between the two places, noting that the HKSAR Government would provide appropriate support and services to university spin-off start-ups planning to establish their footholds in Hong Kong. He also encouraged start-ups in Hubei Province to leverage on Hong Kong’s edges of internationalisation and a highly market-oriented environment to expand their businesses overseas.     The Commissioner for Industry (Innovation and Technology), Dr Ge Ming, also joined the visit.     Professor Sun concluded his visit and returned to Hong Kong in the evening.

     
    Ends/Wednesday, September 25, 2024Issued at HKT 20:45

    NNNN

    MIL OSI Asia Pacific News –

    September 29, 2024

  • MIL-OSI: Branch Energy and Voltus Partner to Leverage Behind-the-Meter Energy Storage to Reduce Energy Spend for C&I Customers in Texas

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Sept. 25, 2024 (GLOBE NEWSWIRE) — Voltus, Inc. (Voltus), the leading distributed energy resource (DER) software platform and virtual power plant (VPP) operator, today announced that it will partner with Branch Energy to open new revenue streams for Branch’s battery-hosting commercial and industrial (C&I) customers, improving customer resilience against electric service disruptions and supporting grid reliability in Texas.

    Branch Energy provides businesses with long-term energy price stability through a combination of fixed-price energy supply contracts and behind-the-meter battery storage systems that Branch installs at no-cost to its customers. The charge and discharge of these distributed batteries are optimized for economic arbitrage in real-time by Branch Energy’s proprietary demand management software, which dispatches battery capacity based on analyses of Texas power price data.

    “Our customers work with us because we consistently deliver on our promise to deliver reliable electricity at a below-market cost,” said Branch Energy Co-founder and CEO, Alex Ince-Cushman. “And with ERCOT anticipating a near-doubling of system peak demand by 2030, both the challenge and urgency of delivering on that promise is intensifying. Our partnership with Voltus ensures that our customers can maximize the economic benefit of their behind-the-meter battery assets, while providing a valuable grid resource in this high load growth environment.”

    This partnership integrates Voltus’s platform — which monetizes every type of DER by connecting them to wholesale electricity markets — with Branch Energy’s demand management software. The integration of these technologies equips Branch Energy with the intelligence needed to determine on an hourly basis whether a customer-sited battery will deliver more value to customers by participating in economic arbitrage or by participating in the wholesale market with Voltus.

    “The Texas grid’s vulnerability to extreme weather and rapid load growth underscores the critical need for flexible demand-side resources — both for the reliability and resilience of the system as a whole, as well as a tool for offsetting rising energy costs,” said Dan Svejnar, SVP of Growth at Voltus. “Together, Voltus and Branch will ensure that customers continue to enjoy stable, substantially below-market electricity rates without compromising site reliability.”

    “The Branch-Voltus alliance in Texas joins together two innovators in the distributed energy space where they’re needed most,” said Tim Woodward, Managing Director of Climate Tech focused venture capital firm, Prelude Ventures, which has equity stakes in both Voltus and Branch. “They’re building a new, customer-centric, transactive energy model that holds a great deal of promise for consumers nationwide.”

    At present, the Branch Energy and Voltus partnership encompasses engagements with 15 Branch Energy customers, whose battery energy storage systems will be installed on-site by year’s end. Voltus will connect these devices to ERCOT-operated markets to provide ancillary services. These batteries will continue to have capacity reserved for on-site consumption by host customers, a backstop for potential outages that will not compromise savings potential.

    About Voltus
    Voltus is a leading DER technology platform and virtual power plant operator connecting distributed energy resources to electricity markets, delivering less expensive, more reliable, and more sustainable electricity. Our commercial and industrial customers and DER partners generate cash by allowing Voltus to maximize the value of their flexible load, distributed generation, energy storage, energy efficiency, and electric vehicle resources in these markets. To learn more, visit www.voltus.co.

    Media contact
    Mona Khaldi
    press@voltus.co

    The MIL Network –

    September 29, 2024

  • MIL-OSI China: China’s equipment, consumer goods renewal program fuels market vitality

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

    BEIJING, Sept. 25 — China has achieved significant progress in advancing large-scale equipment upgrades and consumer goods trade-ins, boosting both investment and consumption.

    China unveiled an action plan to implement the renewal program in March this year to expand domestic demand and shore up the economy, and stepped up policy support in July with an extra funds injection of 300 billion yuan (about 42.73 billion U.S. dollars) via ultra-long special treasury bonds.

    From Monday to Wednesday, the country’s authorities held three press conferences in a row to present a comprehensive overview of the program, underscoring the government’s commitment to revitalize the super-large market.

    According to Zhao Chenxin, deputy head of the National Development and Reform Commission (NDRC), all the treasury bonds have been fully allocated to projects and local governments, with all supportive policies already in place.

    The program has yielded significant progress, effectively driving investment growth, unleashing consumption potential, improving people’s welfare, and propelling industrial development along with the country’s green transition drive.

    INVESTMENT BOOST

    Half of the ultra-long special treasury bonds to support equipment upgrades have been distributed to over 4,600 projects, and such support will cover projects with a total investment of 800 billion yuan this year, said NDRC official Liu Dechun.

    “Positive progress has been recorded in key areas of equipment upgrades, increasingly contributing to growth stabilization and industrial transformation,” Liu noted.

    In the first eight months of this year, investment in equipment and tool purchases grew by 16.8 percent year on year, and 4.21 million scrapped vehicles were recycled nationwide, up 42.4 percent and accounting for over 90 percent of the total amount last year.

    During this period, fixed-asset investment in municipal utility and construction sector expanded 23.5 percent and 21.6 percent, respectively, Liu said, adding that there are already plans to use the treasury bonds to upgrade over 40,000 residential elevators that have been in service for more than 15 years.

    Policies are also actively supporting renewals and upgrades of energy-inefficient and high-emitting equipment, with over 500 energy-related projects backed by the treasury bonds this year, Liu said.

    This overhaul will save around 3 million tonnes of standard coal annually and reduce carbon dioxide emissions by approximately 8 million tonnes, according to the official.

    Liu pledged further efforts to leverage the policies and funding to deliver benefits to more businesses and promote high-end, intelligent and green industrial development while accelerating the green transition.

    CONSUMPTION PICKUP

    Given that over 3 billion units of home appliances and more than 300 million vehicles are in use across China, the potential for their renewals are tremendous, NDRC official Wen Hua said.

    Since the renewal program kicked off in March, automobile consumption has exhibited notable growth. Citing data from the China Automobile Dealers Association, Wen said the retail sales of passenger vehicles and new energy autos increased 10.8 percent and 17 percent month on month, respectively, in August.

    Home appliance sales have also rebounded significantly. In August, official data reported a 3.4 percent rise year on year in retail sales of household appliances and audiovisual equipment, ending a decline.

    Meanwhile, the trade-in program has indirectly spurred investment and profitability in related sectors, Wen said, noting that from January to August, investment in consumer goods manufacturing expanded by 14.9 percent.

    Looking ahead, efforts will be made to fully implement the supportive policies and leverage the special treasury bonds for the equipment upgrades and consumer goods trade-ins, in a bid to extend policy benefits to more consumers, enhance living standards, and accelerate the green transition of development, Wen said.

    MIL OSI China News –

    September 29, 2024

  • MIL-OSI USA: USGS supercomputers help assess volcanic hazards in support of community resilience

    Source: US Geological Survey

    Eruptions can last anywhere from hours to years and can produce a diverse and difficult to predict set of hazardous phenomena including explosions, earthquakes, ash clouds and deposits, lava flows, landslides, and lahars (high-speed floods of water, mud, and rocks). Worse still, these hazards can affect a wide range of areas, from near the vent (explosions) to regional (volcanic ash) to global (climatic changes due to volcanic gas dispersal in the stratosphere).  

    In the U.S., there are about 170 potentially active volcanoes, which are monitored by the USGS Volcano Hazards Program Volcano Science Center. The Center is home to the five regional observatories in Hawaiʻi, Alaska, the Cascades, California, and Yellowstone.  USGS scientists at these observatories are responsible for monitoring these volcanoes as well as delivering forecasts, warnings, and information about volcano hazards while helping communities to be prepared during an eruption.  

    Fortunately for scientists, the USGS has three available HPC systems, supported by Core Science Systems Science Analytics and Synthesis group – named Denali, Tallgrass, and Hovenweep — that can quickly and efficiently process very large datasets and solve complex systems of equations in geophysics. 

    Although each of these machines are different, their power is derived from the ability to split a large task into chunks, compute all the chunks “in parallel”, that is, at the same time on different processors, and then combine the results. This is noticeably different from running “serial” tasks on a single processor, where the chunks must be computed one after another.

    The large increase in speed made possible by HPC systems also enables scientists to develop more complex data analysis techniques (such as machine learning models) as well as more sophisticated approaches to geophysical modeling (such as data assimilation and probabilistic hazards assessments).    

    Since the development of the first USGS supercomputer

    Yeti in 2013, USGS volcanologists have greatly increased their use of HPC resources, expanding both the complexity of the calculations and the range of applications.   

    HPC resources now commonly serve in a variety of real-world applications such as models of landslide and lahar scenarios at Mt. Rainier to ash fall hazards assessments to real-time forecasting of lava flows in Hawaiʻi, to machine learning of satellite-based volcano deformation data.  

    Looking into a volcano’s plumbing 

    Because many volcanic processes are too hazardous to observe up close or are otherwise inaccessible (for example, we can’t see underground), volcanologists rely upon other methods. Some of the data is captured after an area is safe to visit, while other geophysical methods such as seismicity, infrasound, and gravity changes, can be measured from a distance.  In both cases, volcanologists seek to link these data to the processes that generated them using models of various kinds.   

    Recently, Dr. Roger Denlinger, Research Geophysicist at the Cascades Volcano Observatory led the largest active seismic experiment ever conducted at Kīlauea volcano, Hawaiʻi.  Thousands of small temporary seismometers were deployed around the volcano summit which “listened” together for natural (passive) earthquakes as well as vibrations caused by an active seismic source mounted on a large truck.  

    Because both the truck-generated seismic waves and those received by the seismometers that have passed through the complex structure of Kīlauea are known, scientists can compute variations in density in the subsurface, enabling “imaging” of the volcano’s magma plumbing system. With an improved image of Kīlauea’s subsurface, the Hawaiian Volcano Observatory will be able to make improved assessments of volcanic hazards. 

    Of course, this imaging is easier said than done, requiring perhaps millions of computer hours to compute how volcanic features attenuate and scatter seismic waves below Kīlauea to match those recorded by the seismic network.  Using a combination of machine learning tools and seismic geophysical models, USGS scientists are using Tallgrass and Hovenweep to tackle this monumental task.   

    “Machine learning methods help us monitor changes in volcanic systems and anticipate eruptions by probing the increasingly mind-numbing quantity of data that modern instrumentation produces,” says Denlinger. “For example, the Kīlauea imaging project is analyzing more than 200 million seismic waveforms to produce three-dimensional images of the magma system. This is physically impossible for any group of scientists to do by hand.”  

    Hazard forecasting for active volcanoes 

    Since the advent of using computational tools to model volcanic hazards, volcanologists have sought to be able to forecast volcanic eruptions and the hazards they produce.  Although an eruption forecasting model is still only an area of active research, some volcanic hazards such as ash dispersal and lava flows have seen the development of robust forecasting models. These models focus on predicting where ash or lava will go in the case of an eruption and are often used in real time when and where these hazards appear. 
     

    Recently, USGS scientists have developed a new geophysical model called Lava2d to simulate how lava flows over the landscape during an eruption. Lava2d can produce very realistic model flows even when run with a coarse resolution, and its effectiveness was demonstrated during the 2022 eruption of Mauna Loa, Hawaiʻi. It was used to produce experimental forecasts in real time of where lava flows could inundate and how fast they would get there. 

    Lava2d simulation of the fissure 3 lava flow from the 2022 eruption of Mauna Loa, Hawaiʻi. Colors represent lava flow depth after 5 days of activity. Inset: USGS mapped lava flow extent at about the same time in the eruption.

    Most of these models were computed on the Yeti supercomputer, enabling the computation of thousands of runs with different lava flow properties and scenarios. These experimental forecasts were used by the Hawaiian Volcano Observatory to assess the possibility of future flow advance towards a major highway.  

    “USGS HPC resources have advanced our ability to accurately assess and forecast volcanic hazard before and during eruptions to protect life, property, and infrastructure in the US,” says Dr. Hannah Dietterich, Research Geophysicist at the Alaska Volcano Observatory and hazard modeling lead during the eruption. “Running large numbers of simulations allows us to generate better, more quantitative, and robust hazard information at volcanoes in the US but also elsewhere.” 

    Current research using the lava flow model Lava2d is focused on optimizing the model for use on Hovenweep, where it will be used to quickly compute high resolution lava flow forecasts when volcanoes in Hawaiʻi or the central Cascades next produce lava flows.   

    USGS HPC resources are also playing a significant role in longer-term volcanic hazard assessments, especially where volcanologists are planning for the next eruption of long-dormant volcanoes. In these cases, data on past hazards is limited to whatever lava or ash is still exposed at the surface.  This can cause a great deal of uncertainty about the nature of “typical” volcanic materials for a given volcano.  

    When a model is run, the researcher needs to feed it specifications about material properties, ambient conditions, and the magnitude or size of the eruption. Unfortunately, these factors are typically highly uncertain, reducing the predictive value of any individual model run. However, if many models are made with different inputs, the collection of models, which researchers call an “ensemble”, work together to produce a much more probabilistic assessment of the hazard.   

    Complicating factors 

    This is particularly important for volcanic hazards that are greatly affected by atmospheric conditions, such as ash dispersal and deposition. Wind direction at the exact time the eruption occurs is a major factor controlling where volcanic ash will be deposited.  

    USGS researchers use a specific ash dispersal model, known as Ash3d, to compute how the wind will carry the ash and how quickly it will fall out of suspension.  

    Because wind direction and speed can vary so much, many thousands of Ash3d runs are required to capture the range of possible ashfall deposits. Running these very large jobs on supercomputers like Denali and Hovenweep allows the USGS to estimate the probability of ashfall in different locations for significant explosive eruptions in the future.  

    Animated Ash3D simulation of a volcanic ash cloud from a hypothetical eruption of Mt. St. Helens, WA if it occurred today. Colors represent ash concentrations in the cloud.

    A similar ensemble modeling approach is in development for estimating the hazard posed by a variety of volcanic hazards including lava flows, ashfall, and lahars from Newberry Volcano near Bend, OR which last erupted in 690 CE. 

    Landslides and lahars (high-speed floods of water, mud, and rocks) are other types of hazards that pose a unique computing challenge due to the complexity of the equations used to models them.  The USGS uses a model known as D-Claw that incorporates sophisticated algorithms to simulate these highly destructive flows. To simulate the flows, D-Claw must first break down many related complex processes involved in the overall flow, such as levee formation, particle segregation, dilatancy, and pore pressurization. These highly complex dynamics require a sophisticated algorithm operating within a high-resolution grid. 

    Because of the high-resolution needed, D-Claw models tend to be very large in scale and are optimized for parallel computing on USGS HPC systems.   

    D-Claw was recently used to model lahar scenarios originating from possible landslide collapses high on Mt. Rainier, WA. These highly detailed models were used to estimate the hazard posed to communities downstream.  

    Animated D-Claw simulation of a hypothetical landslide and lahar originating from the failure of a section of the Tahoma Glacier headwall at Mt. Rainier, WA.

    These are just a snapshot of applications of USGS HPC resources in volcanic hazards studies, but these tools are only gaining popularity and relevance.  As more USGS scientists get the training needed to work on these machines, the free access to vast computational power that they offer them makes these HPC systems highly attractive settings for solving the big questions in volcanology. The gain in new knowledge accelerated by USGS HPC resources is helping to develop next-generation tools for assessing volcanic hazards, helping to protect and inform the public.  

    Denali is the USGS’s flagship supercomputer installed and housed at the EROS Data Center in Sioux Falls, SD.

    Dr. Tina Neal, Volcano Science Center Director, is excited to see this work into the future. “The application of HPC to volcano science is truly exciting to see flourish; from simulating ash cloud dispersal to modelling the complex motion of lava flows and lahars, results improve our scientific understanding of hazards and the quality of USGS decision support information for stakeholders.” 

    For more information or to get started using Denali, Tallgrass, or Hovenweep, contact us at hpc@usgs.gov.

    MIL OSI USA News –

    September 29, 2024

  • MIL-OSI Translation: Iodine distribution campaign for people living near a nuclear power plant

    MIL OSI Translation. Government of the Republic of France statements from French to English –

    Source: Republic of France in FrenchThe French Republic has issued the following statement:

    Since 1997, preventive and free distributions of stable iodine tablets have been organized for people living near a nuclear facility. A new distribution campaign is being set up from September 2024. It is aimed at people living in a municipality located:

    within a radius of 10 kilometers around a nuclear power plant; within a radius of 5 kilometers around other civil or military nuclear installations.

    To find out if you are affected by this distribution campaign, you must indicate your address in the “know the risks near me” section of the Géorisques website, then click on “access detailed information”. If you are concerned, a “2024/2025 iodine campaign” banner will be present on the page. You are therefore invited to withdraw a number of boxes of tablets adapted to the size of your household, free of charge from a pharmacy partnering with this distribution campaign. You do not need to provide any supporting documents.

    Please note

    If your workplace is located in an area affected by this stable iodine distribution campaign, your company manager is responsible for supplying the tablets.

    Establishments open to the public receive withdrawal vouchers allowing them to obtain a supply of stable iodine tablets for the people they welcome.

    When to take stable iodine tablets?

    In the event of a major accident, some nuclear facilities may release radioactive elements into the atmosphere, particularly radioactive iodine, which increases the risk of developing thyroid cancer. Taking stable iodine protects your thyroid gland against the effects of radioactive iodine.

    You should only take stable iodine when instructed to do so by the prefect. Information is disseminated via public service media and loudspeaker vehicles. Having stable iodine tablets at home is a precautionary measure; it allows you to save time when iodine intake is ordered.

    Taking stable iodine tablets concerns everyone, but in priority people whose thyroid is most sensitive to the effects of radioactive iodine:

    newborns; persons under 18 years of age; pregnant and breastfeeding women.

    The number of tablets to take varies depending on the person’s age; the dosage appropriate for each situation is indicated in the leaflet.

    Please note

    Tablets distributed from 2024 are valid for 10 years. During this period, they must be stored in their cardboard packaging, protected from humidity and at room temperature.

    If you have iodine tablets from previous campaigns that have expired, you can return these boxes of expired tablets to the pharmacy.

    Attention

    Stable iodine tablets do not protect against releases of other radioactive elements for which sheltering or evacuation is the only protection.

    EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

    MIL Translation OSI

    September 29, 2024

  • MIL-OSI Security: Gun Supplier Convicted of Murdering 13-Year-Old Boy Gets 108½ Years in Prison

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

                WASHINGTON – Stephon Nelson, 33, of Washington, D.C., was sentenced today in Superior Court to 108 ½ years in prison for first degree murder and other charges stemming from the killing of 13-year old Malachi Lukes in March of 2020. A jury found Nelson and two co-defendants–Tyiion Freeman and Koran Jackson—guilty of first-degree murder while armed, several counts of assault with intent to kill while armed, conspiracy to commit various firearms offenses and other firearms-related charges.  Last week Freeman received 108 years while Jackson was sentenced to 164 years in prison.

                The sentences were announced by U.S. Attorney Matthew M. Graves, FBI Acting Special Agent in Charge David Geist of the Washington Field Office’s Criminal and Cyber Division, ATF Acting Special Agent in Charge James VanVliet of the Bureau of Alcohol, Tobacco, Firearms and Explosives, and Chief Pamela A. Smith of the Metropolitan Police Department (MPD).

                Between February 1, 2020, and May 31, 2020, the defendants, along with two other defendants (whose cases were severed pre-trial), participated in a conspiracy to illegally possess, carry, and transfer firearms for the purpose of using those firearms in the commission of dangerous and violent crimes. Jackson and Freeman, along with the severed defendants, are members and associates of neighborhood crews. Between 2019-2020, the defendants’ neighborhood crews were feuding with other crews and the feud escalated when Tahlil Byrd, also known as Slatt Goon, was killed in September 2019.

                Stephon Nelson, who is a felon and approximately 10 years older than his coconspirators, supplied the firearms that were illegally possessed, carried, and transferred in the conspiracy. Over the span of nine days, February 22-March 1, 2020, the defendants engaged in a shooting spree in the Petworth, Shaw, and Stronghold neighborhoods using the firearms they illegally acquired and shared as a part of the firearms conspiracy. The first charged shooting occurred on February 22, 2020, in the Petworth neighborhood when two victims were fired upon after a mere verbal exchange with two defendants. Two days later, on February 24, 2020, the conspirators drove through rival crew territory Ninth Street where they shot three rival crew members. An innocent bystander who was sitting in her vehicle was caught in the barrage of gunfire. She fortunately escaped with little physical injury because her front windshield suffered the bulk of the damage. The spree culminated on March 1, 2020, when the defendants participated in two shootings in two separate neighborhoods over the span of ten minutes. At 2:08 p.m., the defendants, who were traveling in a stolen Kia Soul, followed 13-year-old Malachi Lukes, along with his three friends, into the Ninth Street area of the 600 block of S Street, N.W., where two defendants exited the Kia Soul and opened fire on them. Malachi Lukes was shot in the back as he fled. The bullet traveled through his heart and lung causing him to collapse to his death. The defendants then traveled to another neighborhood where members of the rival crew were known to gather and at 2:18 p.m., opened fire on individuals in that block. No injuries were reported in that shooting spree.     

                In announcing the sentences, U.S. Attorney Graves and Chief Smith commended the work of those investigating the case from the MPD, the FBI Washington Field Office’s Violent Crimes Task Force and ATF along with the Arlington County Police Department. They also thanked the Arlington County Sheriff Department; U.S. Marshals Service; U.S. Capitol Police; D.C. Department of Forensic Sciences; DOJ Computer Crime and Intellectual Property Section; Montgomery County Police Department; D.C. Department of Corrections; and the Internal Revenue Service—Atlanta Branch.

                The case was prosecuted by Assistant U.S. Attorneys Michelle Jackson, Tamara Rubb, and Nebiyu Feleke, with assistance from Lead Paralegal Sharon Newman, Supervisory Paralegal Tasha Harris, Paralegals April Urbanowski and Alyssa Schroeder, Superior Court Operations Manager Linda McDonald, and Victim Witness Advocate Jennifer Allen. 

    MIL Security OSI –

    September 29, 2024

  • MIL-OSI Security: Fishing Lake First Nation — Saskatchewan Serious Incident Response Team notified after male’s death

    Source: Royal Canadian Mounted Police

    On September 24, 2024, Saskatchewan RCMP received a report that a wanted male was in the Fishing Lake First Nation area.

    Multiple Saskatchewan RCMP units began searching for the male. Around 1 p.m., officers observed a van travelling at a high rate of speed. They activated their emergency lights and attempted a traffic stop. The vehicle did not stop.

    Soon after, Saskatchewan RCMP received a report the wanted male stole a van from a school on Fishing Lake First Nation. Investigation determined it was the van that fled from the officers. The male was reported to be armed.

    Officers pursued the van through roads in rural areas. Saskatchewan RCMP carefully monitored the pursuit for public safety risk, including preparing to send a dangerous person alert.

    At around 1:45 p.m., the van entered a field. Firearms were discharged and the van continued travelling.

    The van came to a stop and additional shots were discharged. The sole occupant was located inside, injured. He was declared deceased by EMS at the scene.

    The male has been identified as 34-year-old Joseph “Joey” Desjarlais. We are identifying him as Saskatchewan RCMP had asked the public for information about him in a number of media releases issued during the past two weeks.

    His family has been notified.

    As required by The Police Act, 1990, Saskatchewan RCMP notified the Saskatchewan Serious Incident Response Team (SIRT). SIRT will investigate the Saskatchewan RCMP’s interaction with the deceased and the circumstances of his death.

    The Saskatchewan RCMP is disclosing this as part of our ongoing commitment to transparency.

    Any inquiries regarding this matter can be directed to SIRT.

    MIL Security OSI –

    September 29, 2024

  • MIL-OSI USA: DoD Breaks Ground on Project Pele: A Mobile Nuclear Reactor for Energy Resiliency

    Source: United States Department of Defense

    The Department of Defense (DoD) has broken ground at Idaho National Laboratory (INL) on the Project Pele transportable nuclear reactor. The reactor, under a Strategic Capabilities Office (SCO) initiative, is being manufactured by BWXT Advanced Technologies, LLC, Lynchburg, Virginia. Assembly of the final reactor is set to begin in February 2025. The current schedule includes transport of the fully-assembled reactor to INL in 2026, where it would become the first ever Generation IV nuclear reactor to generate electricity in the United States.

    “We are thrilled to move beyond the era of PowerPoint advanced reactors,” said Dr. Jeff Waksman, Project Pele program manager. “Our tight partnership with INL and the Department of Energy Idaho Operations Office is leading the way forward not just for manufacturing advanced reactors, but also for regulating them in an efficient and safe manner.”

    The prototype reactor facility is designed to be transported within four 20-foot shipping containers, and tested at INL. The Project Pele team will construct a concrete shield structure at the test site next year in order to be ready for reactor placement in 2026.

    Upon arriving at INL, the reactor will be transported by truck to the test site and positioned within the concrete shield structure. Piping and electrical wiring will tie the reactor to INL’s specialized electric microgrid. Once the reactor’s final safety review is completed, the Pele project team will then proceed with the initial Test and Evaluation plan. If successful, transportable nuclear power could meet the increasing demand for a resilient, carbon-free energy source capable of delivering reliable 24/7 power to mission-critical DoD operations in remote and austere environments.

    “The DoD has a long record of driving American innovation on strategic and critical technology,” said Mr. Jay Dryer, SCO director. “Project Pele is a key initiative for improving DoD energy resilience and will also play a crucial role in advancing nuclear power technology for civilian applications.”

    Project Pele is a whole-of-government effort, with significant contributions from the Department of Energy, the National Nuclear Security Administration, and the Nuclear Regulatory Commission. The contractor team, led by BWXT Advanced Technologies, also includes critical roles played by Northrop Grumman, Rolls Royce Liberty Works, and Torch Technologies.

    “For 75 years INL has been the home of nuclear innovation, and we are pleased to partner with the Department of Defense on this trailblazing demonstration,” said Dr. John Wagner, INL director. “We anticipate Pele will be among the first of a new generation of advanced experimental reactors hosted here before the end of the decade.”

    MIL OSI USA News –

    September 29, 2024

  • MIL-OSI Security: Federal Jury Convicts Browning Man of Distributing Fentanyl That Resulted in Death of Man on Blackfeet Indian Reservation

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

    GREAT FALLS — A federal jury on Thursday found a Browning man guilty of distributing fentanyl that resulted in the death of a man in his home on the Blackfeet Indian Reservation, U.S. Attorney Jesse Laslovich said today.

    After a three-day trial that began on Sept. 17, the jury found the defendant, Douglas Darren Malatare, 59, guilty of distribution of fentanyl resulting in death and possession with intent to distribute fentanyl as charged in an indictment. Malatare faces a mandatory minimum of 20 years to life in prison, a $1 million fine and at least three years of supervised release on the distribution charge and a mandatory minimum of five years to 40 years in prison, a $5 million fine and at least four years of supervised release on the possession charge.

    Chief U.S. District Judge Brian M. Morris presided. The court set sentencing for Jan. 22, 2025. Malatare was detained pending further proceedings.

    “Fentanyl is our nation’s deadliest illicit drug threat, as it is devastating families and communities. And we are fiercely determined to hold accountable those who are responsible for such devastation, especially when one’s drug trafficking results in another’s death. Malatare poisoned the Blackfeet reservation and made thousands of dollars doing it, including costing the victim his life. I applaud the jury for holding Malatare accountable and am relieved Malatare will no longer be poisoning the streets of Browning and the surrounding area,” U.S. Attorney Laslovich said.

    In court documents and at trial, the government alleged that on Nov. 19, 2022, the mother of the victim, John Doe, with whom she shared a residence, found him deceased in his bathroom. Doe was 49 years old when he died, and his body showed no obvious signs of cause of death. Blackfeet Law Enforcement Services and the Glacier County coroner investigated. In Doe’s bedroom, law enforcement found blue powder and a straw on top of a dresser. Doe’s mother reported that Doe had been at the residence the evening before. That evening, Doe’s friend, Malatare, had visited with Doe outside the residence. Doe and his mother then had dinner, during which she noticed Doe had a hard time staying awake. Doe’s mother found him unresponsive in the bathroom. Forensic testing and an autopsy conducted on Doe’s body showed that he had fentanyl in his blood and urine. Ibuprofen and hydrocodone also were detected in his body. A medical examiner concluded that Doe had died of acute fentanyl intoxication.

    The government further alleged that a law enforcement search of Doe’s cell phone found a text exchange between Doe and Malatare the evening Doe overdosed. The exchange included:

    Malatare to Doe: “Catch up with you lil bit bro, you looking.”

    Doe to Malatare: “Yeah, I’ll be home. Just got off work. I can only afford half if you can stop by.”

    An investigation determined that beginning in at least September 2022, an individual named “Doug,” and later identified as Malatare, was bringing fentanyl from Washington to the Blackfeet Indian Reservation and that Malatare made several quick trips back and forth to Washington between September and December 2022. On Dec. 17, 2022, Blackfeet Law Enforcement Services stopped Malatare for speeding and used a K-9 to conduct a sniff search on the car. The K-9 alerted to the presence of narcotics. Law enforcement seized the car and obtained a search warrant. Officers searched a fanny pack before allowing Malatare to possess it and found a bag of blue and white pills that they suspected contained fentanyl. In a search of the vehicle, officers found a quantity of multi-colored fentanyl pills in the back seat behind a middle armrest. They also recovered a digital scale and multiple rolls of U.S. currency.  An analysis determined both the multi-colored pills and blue and white pills contained fentanyl. In total, the Drug Enforcement Administration lab found more than 600 fentanyl pills. A witness told law enforcement that Malatare was bragging that he purchased the pills for $2 per pill in Washington and sold them for $50 to $60 per pill in Montana. The pills seized from Malatare had an estimated street value of more than $30,000. 

    The U.S. Attorney’s Office is prosecuting the case. The Blackfeet Law Enforcement Services, Bureau of Indian Affairs, Montana Division of Criminal Investigation, Glacier County Sheriff’s Office, DEA, and FBI conducted the investigation.

    XXX

    MIL Security OSI –

    September 29, 2024
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