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Philippines’s ongoing Modernisation Programme takes CenterStage in ADAS 2024 Today

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MANILA, Philippines, Sept. 25, 2024 /PRNewswire/ — ADAS 2024 opened today with Philippines’s ongoing Modernisation Programme taking the centerstage. Not on its 10th Anniversary in the Philippines, ADAS 2024 will be held from September 25-27, 2024 at the World Trade Centre, and is poised to be the largest event in the series. Organized by APAC Expo, the biennial event is supported by the Department of National Defense, National Security Council and the Office of the President under its Bagong Pilipinas advocacy.

Themed “Building on a Decade of Defense Capability”, this established event is positioned to be Philippine’s flagship tri-service event, providing a complete overview of next phase of modernization programmes across the tri-services. More than 15,000 senior government officials, industry leaders, regional VIP delegations and academia are expected to converge on the event over the next three days to explore capabilities in asymmetric warfare, information security, cyber defense and cyber security that can effectively adapt to the rapidly evolving defense landscape.

“As the Philippines, through the Department of National Defense (DND), intensifies its efforts to establish credible deterrence against any form of aggression or threat, we are pursuing the Comprehensive Archipelagic Defense Concept by modernizing the physical assets and hardening the infrastructure of the Armed Forces of the Philippines,” said DND Spokesperson, Defense Assistant Secretary Arsenio R. Andolong. “In building up our defense systems, equipment, and skill sets, we look forward to collaborating with our stakeholders through various engagements and activities, including events such as ADAS 2024.”

ADAS Symposium

The ADAS Symposium centers around two main themes, namely: “Evolving Asymmetric Warfare in the South China Sea: Regional Perspectives on Security and Strategy” and “Strengthening Cyber Defense Capabilities amid Emerging Threats”. Spanning across two days, each theme collectively delves into a spectrum of specialized topics including mosaic/asymmetric warfare, cybersecurity threats, cyber warfare and defense as well as session on building local capacity.

As part of the commemoration of Philippines National Cyber-Security month in September, local and international delegates can all look forward to networking and sharing their unique challenges and experiences with their industry counterparts from the region which encourages greater understanding and collaboration on future initiatives.

The Symposium will host prominent Government officials, industry leaders, and academia at this two-day conference.

ADAS Trade Exhibition and other Activities

Now in its 5th edition, ADAS’s presence has expanded and now showcases the latest innovations within the tri-service sector. ADAS’s trade exhibition will showcase the latest developments and key upgrades in capability for Navy, Airforce and Army.

Spanning 14,500 sqm, the exhibition has attracted the participation of over 250 exhibitors from some 35 countries.

Participating global companies include MKU, Saab and Lockheed Martin for tri-services, Lignex-1 for ammunition and tri-services, Aselsan for army, Navantia and HD Hyundai for navy as well as Airbus, Turkish Aerospace and Korea Aerospace Industries for air forces, to name a few.

This year’s trade exhibition sees a 35% increase in country pavilion participation from Czech Republic, France, Germany, India, Indonesia, Israel, Japan, The Philippines, South Korea, Malaysia, Poland, Slovakia, Turkey, United Kingdom, Unted States of America.

ADAS’s Managing Director, Andrew Marriott said, “Aside from gaining insights into best practices, ADAS also assists in future procurement selection and planning. Networking with global industry counterparts provides a unique insight into future developments and gives manufacturers visibility into creating more efficient products for the challenges faced by The Philippines.

He added,” Defence shows bring people together. It creates unique networking opportunities whilst forging better understanding of challenges, solutions and cooperation between local and international government agencies as well the private sector. As organizers, we hope all attendees enjoy their attendance and find their time spent at ADAS 2024 a fruitful experience.”

Associated events will run from 25 – 27 September 2024. In addition, all visitors can experience an expanded static display including Gripen, Himars etc, business matching activities as well as an increase in VIP Delegations for business networking efforts across the region.

For more information on ADAS 2024, visit https://adas.ph/  

Click here to access the fact sheet for additional information on ADAS 2024.

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SOURCE APAC Expo

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TriNetX’s Founding CEO Announces Plans to Step Down

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January 9, 2025

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After 11 Years, Gadi Lachman to Conclude Operating Role, Remain on TriNetX’s Board

CAMBRIDGE, Mass., Jan. 9, 2025 /PRNewswire/ — TriNetX, the largest global source of real-world data, today announced that Gadi Lachman, the Company’s Founder, President and CEO, will step down from his operating role on March 31, 2025. Gadi founded TriNetX in 2014 and has served as President and CEO in the succeeding 11 years. Gadi will continue to serve on TriNetX’s Board of Directors and will be an Advisor to Carlyle, TriNetX’s majority investor.

“It has been an honor to build TriNetX and be part of such an outstanding team. I want to thank TriNetX’s employees, customers, and shareholders for the support they have shown me. With the talent and passion of our people I am immensely confident in TriNetX’s continued success,” said Lachman. “Together, we have built the largest global platform for clinical research, with data from over 25 countries and tens of millions of queries a month. Our solutions are moving clinical research to a whole different level and saving lives on a massive scale, across all therapeutic areas.”

During the transition period, Jeff Margolis, a current TriNetX Director, will serve as Executive Chairman to ensure continuity in leadership and governance while a CEO search is conducted.

Margolis said, “I have had the distinct privilege of serving on the Board alongside Gadi and partnering with him for 11 years. On behalf of the Board, we thank Gadi for shaping and leading TriNetX to become the world’s top ecosystem of real-world data and real-world evidence serving life sciences and the broader healthcare industry. I look forward to working with him and the rest of the Board over the next months to execute a successful transition of leadership.”

Joe Bress, Partner and Global Co-Head of Healthcare for Carlyle, TriNetX’s lead investor, added, “We have been thrilled to partner with Gadi since our initial investment in TriNetX over four years ago. Thanks to his disciplined leadership, TriNetX is one of the few companies that has sustained profitability even during periods of high growth. Gadi has built the company up to an exciting point, paving the way for a new leader to take the business into its next chapter of growth and success.”

Through this leadership transition, TriNetX remains steadfast in its mission to advance global healthcare through the power of real-world data. The Board, leadership team, and employees are united in their commitment to driving continued innovation and delivering success for customers and partners, all while building on Gadi’s exceptional legacy.

About TriNetX, LLC

TriNetX is a global network of healthcare organizations and life sciences companies dedicated to advancing real-world research and expediting the development of new therapies. Through its self-service, HIPAA-, GDPR-, and LGPD-compliant platform of federated deidentified and anonymous electronic health record datasets and consulting partnerships, TriNetX empowers its global community to improve clinical trial protocol design, streamline trial operations, refine safety signals, and enrich real-world evidence generation. For more information, please visit TriNetX at www.trinetx.com or follow TriNetX on LinkedIn.

Media Contact
TriNetX
Michelle Fleming, Chief Marketing Officer
Email: Michelle.Fleming@TriNetX.com

Logo – https://mma.prnewswire.com/media/542641/TriNetX_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/trinetxs-founding-ceo-announces-plans-to-step-down-302347367.html

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Stellus Private Credit BDC Announces $0.36 First Quarter 2025 Regular Dividend, Payable Monthly in Increments of $0.12 in January, February, and March 2025

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January 9, 2025

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HOUSTON, Jan. 9, 2025 /PRNewswire/ — Stellus Private Credit BDC (“the Company”) announced that its Board of Trustees has declared a monthly dividend of $0.12 for each of January, February, and March, totaling $0.36 per share in the aggregate for the first quarter of 2025. The regular dividend of $0.36 per share will be paid to shareholders of record in January, February, and March 2025.

Summary of First Quarter 2025 Regular Monthly Dividends

Declared

Record Date

Payment Date

Amount per Share

1/9/2025

1/10/2025

1/31/2025

$0.12

1/9/2025

2/3/2025

2/28/2025

$0.12

1/9/2025

3/3/2025

3/31/2025

$0.12

About Stellus Private Credit BDC

The Company is an externally-managed, closed-end, non-diversified investment management company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies (typically those with $5.0 million to $50.0 million of EBITDA (earnings before interest, taxes, depreciation and amortization)) through first lien (including unitranche) loans, second lien loans and unsecured debt financing, with corresponding equity co-investments. The Company’s investment activities are managed by its investment adviser, Stellus Private BDC Advisor, LLC.

Forward-Looking Statements

Statements included herein may contain “forward-looking statements” which relate to future performance or financial condition. Statements other than statements of historical facts included in this press release, including statements about COVID-19 and its impacts, may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the Securities and Exchange Commission including the final prospectus that will be filed with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

Contacts
Stellus Private Credit BDC
W. Todd Huskinson, Chief Financial Officer
(713) 292-5414
thuskinson@stelluscapital.com

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SOURCE Stellus Private Credit BDC

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MongoDB, Inc. to Present at the 27th Annual Needham Growth Conference

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January 9, 2025

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NEW YORK, Jan. 9, 2025 /PRNewswire/ — MongoDB, Inc. (NASDAQ: MDB) today announced that Chief Operating Officer and Chief Financial Officer, Michael Gordon, and Senior Vice President of Finance, Serge Tanjga, will present virtually at the 27th Annual Needham Growth Conference.

The MongoDB presentation is scheduled for Thursday, January 16, 2025, at 3:45 p.m. Eastern Time. A live webcast of the presentation will be available on the Events page of the MongoDB investor relations website at https://investors.mongodb.com/news-events/events. A replay of the webcast will also be available for a limited time.

About MongoDB
Headquartered in New York, MongoDB’s mission is to empower innovators to create, transform, and disrupt industries by unleashing the power of software and data. Built by developers, for developers, MongoDB’s developer data platform is a database with an integrated set of related services that allow development teams to address the growing requirements for today’s wide variety of modern applications, all in a unified and consistent user experience. MongoDB has tens of thousands of customers in over 100 countries. The MongoDB database platform has been downloaded hundreds of millions of times since 2007, and there have been millions of builders trained through MongoDB University courses. To learn more, visit mongodb.com.

Investor Relations
Brian Denyeau
ICR for MongoDB
646-277-1251
ir@mongodb.com

Media Relations
MongoDB PR
press@mongodb.com

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SOURCE MongoDB, Inc.

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