REDMOND, Wash., Aug. 1, 2016 /PRNewswire/ -- Microsoft Corp. on Aug. 1 announced the pricing of its offering of $19.75 billion aggregate principal amount of senior unsecured notes. The notes consist of the following tranches:
-- $2.50 billion of 1.100 percent notes due Aug. 8, 2019 -- $2.75 billion of 1.550 percent notes due Aug. 8, 2021 -- $1.50 billion of 2.000 percent notes due Aug. 8, 2023 -- $4.00 billion of 2.400 percent notes due Aug. 8, 2026 -- $2.25 billion of 3.450 percent notes due Aug. 8, 2036 -- $4.50 billion of 3.700 percent notes due Aug. 8, 2046 -- $2.25 billion of 3.950 percent notes due Aug. 8, 2056
Microsoft intends to use the net proceeds from the offering for general corporate purposes, which may include, among other things, acquisitions (including its previously announced acquisition of LinkedIn Corp.), funding for working capital, capital expenditures, repurchases of its capital stock and repayment of its existing debt. The offerings are expected to close on Aug. 8, 2016.
The joint book-running managers for the offering are J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Wells Fargo Securities LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Goldman, Sachs & Co., HSBC Securities (USA) Inc., and U.S. Bankcorp Investments Inc. The co-managers for the offering are Academy Securities Inc., Blaylock Beal Van LLC, CastleOak Securities L.P., C.L. King & Associates Inc., CAVU Securities LLC, Drexel Hamilton LLC, Lebenthal & Co. LLC, Loop Capital Markets LLC, MFR Securities Inc., Mischler Financial Group Inc., Samuel A. Ramirez & Company Inc., Siebert Brandford Shank & Co. L.L.C., and The Williams Capital Group L.P.
A copy of the prospectus relating to the offering may be obtained by calling J.P. Morgan Securities LLC collect at 1 (212) 834-4533; by calling Merrill Lynch, Pierce, Fenner & Smith Inc. toll-free at 1 (800) 294-1322; by calling Wells Fargo Securities LLC toll-free at 1 (800) 645-3751 or by emailing firstname.lastname@example.org; by calling Barclays Capital Inc. toll-free at 1 (888) 603-5847 or by emailing email@example.com; by calling Citigroup Global Markets Inc. toll-free at 1 (800) 831-9146 or by emailing firstname.lastname@example.org; by calling Goldman, Sachs & Co. toll-free at 1 (866) 471-2526 or by emailing email@example.com; by calling HSBC Securities (USA) Inc. toll-free at 1 (866) 811-8049; by calling U.S. Bancorp Investments, Inc. at 1 (877) 558-2607; or by contacting any of the other underwriters of the offering.
Microsoft (Nasdaq "MSFT" @microsoft) is the leading platform and productivity company for the mobile-first, cloud-first world and its mission is to empower every person and every organization on the planet to achieve more.
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Web site: http://www.microsoft.com/
SYDNEY, Aug. 1, 2016 /PRNewswire/ -- Commvault , a leader in data protection and information management, today announced that leading Australian managed services provider, Brennan IT, is using Commvault Software and Huawei OceansStor to deliver a scalable and flexible Backup-as-a-Service solution.
Following a period of strong growth in its customer base, and as a result, a significant increase in the amount of data under management, Brennan IT engaged Commvault and Huawei to streamline their data protection processes and data management, and provide greater transparency for their executives into their infrastructure and data.
With more than 300 staff spread over four offices across Australia, Brennan IT sought a solution that would enable the company to maintain exceptional levels of service to customers, while allowing them to be scalable and flexible to the growth needs of the business.
"Our customers require immediate responses to their concerns, and to deliver on this, we needed a partner that was committed to enabling a high-performance and reliable environment," said Ken Jeffreys, Cloud Services Manager at Brennan IT.
Over the last 18 months, Brennan IT saw a strong rise in the volume of daily data being generated as part of its hosted, cloud and on-premise services. Currently they have 3 petabytes under management, 2,200 servers protected, and over 1,000 jobs per night with a greater than 99 percent success rate.
"Without the strong integration and simplicity of Huawei OceanStor hardware and Commvault Software, it would be challenging to protect the sheer volume of data that we have under management. The combined solutions provide us with a robust and scalable storage platform for our controlled software and large service farm backups," said Jeffreys.
To ensure Brennan IT could fully realise the benefits offered by the joint solution, they partnered with Commvault's Enterprise Support Program to help with its design and deployment.
"The depth of knowledge of the Enterprise Support Program was essential to the project's ultimate success, as well as the transfer of critical skills into Brennan IT," said Jeffreys. "They really acted as our trusted advisor, helping to both deal with low- level technical issues, and provide strategic direction in our overall development roadmap."
"We have a long and rich history of providing industry leading customer support to our customers, which is why we are continuously looking for new ways to improve our response times, escalation management and to partner strategically with our customers under our Enterprise Support Program," said Eugene Trautwein, Regional Vice President of Customer Support, Commvault. "We believe our success with Brennan IT is indicative of our commitment to helping service providers tackle challenges rapidly and effectively while enabling their customers to focus on their core business with minimal disruptions."
Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform modern data environments. With solutions and services delivered directly and through a worldwide network of partners and service providers, Commvault solutions comprise one of the industry's leading portfolios in data protection and recovery, cloud, virtualization, archive, file sync and share. Commvault has earned accolades from customers and third party influencers for its technology vision, innovation, and execution as an independent and trusted expert. Without the distraction of a hardware business or other business agenda, Commvault's sole focus on data management has led to adoption by companies of all sizes, in all industries, and for solutions deployed on premise, across mobile platforms, to and from the cloud, and provided as-a-service. Commvault employs more than 2,000 highly skilled individuals across markets worldwide, is publicly traded on NASDAQ (CVLT), and is headquartered in Tinton Falls, New Jersey in the United States. To learn more about Commvault -- and how it can help make your data work for you -- visit commvault.com.
Safe Harbor Statement: Customers' results may differ materially from those stated herein; Commvault does not guarantee that all customers can achieve benefits similar to those stated above. This press release may contain forward-looking statements, including statements regarding financial projections, which are subject to risks and uncertainties, such as competitive factors, difficulties and delays inherent in the development, manufacturing, marketing and sale of software products and related services, general economic conditions and others. Statements regarding Commvault's beliefs, plans, expectations or intentions regarding the future are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from anticipated results. Commvault does not undertake to update its forward-looking statements. The development and timing of any product release as well as any of its features or functionality remain at our sole discretion.
(C)1999-2016 Commvault Systems, Inc. All rights reserved. Commvault, Commvault and logo, the "C hexagon" logo, Commvault Systems, Solving Forward, SIM, Singular Information Management, OnePass, Commvault Galaxy, Unified Data Management, QiNetix, Quick Recovery, QR, CommNet, GridStor, Vault Tracker, InnerVault, Quick Snap, QSnap, IntelliSnap, Recovery Director, CommServe, CommCell, ROMS, Commvault Edge, and CommValue are trademarks or registered trademarks of Commvault Systems, Inc. All other third party brands, products, service names, trademarks, or registered service marks are the property of and used to identify the products or services of their respective owners. All specifications are subject to change without notice.
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CONTACT: Media - Claire Larsen, Commvault, +6598188546,
firstname.lastname@example.org | Investor Relations - Michael Picariello, Commvault,
Web site: http://www.commvault.com/
HOUSTON, Aug. 1, 2016 /PRNewswire/ -- ION Geophysical Corporation today announced that it will release its second quarter 2016 financial results on Wednesday, August 3, 2016 after the market closes. In conjunction with the release, ION has scheduled a conference call, which will be broadcast live over the Internet, for Thursday, August 4 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).
What: ION Second Quarter 2016 Earnings Conference Call When: Thursday, August 4, 2016 - 10:00 a.m. Eastern Time How: Live via phone -By dialing (877) 407-0672 and asking for the ION call a few minutes prior to the start time. Live over the Internet -by logging on to the web at the address below. Where: http://investorrelations.i-o.com. The webcast, which will be accompanied by a slide presentation, can be accessed from the ION home page or by clicking on the link listed above.
For those who cannot listen to the live call, a telephonic replay will be available through August 18, 2016 and may be accessed by calling (877) 660-6853 using pass code 13640095#. Also, an archive of the webcast will be available shortly after the call on the company's website at http://investorrelations.i-o.com for approximately 12 months.
ION is a leading provider of technology-driven solutions to the global oil & gas industry. ION's offerings are designed to help companies reduce risk and optimize assets throughout the E&P lifecycle. For more information, visit www.iongeo.com.
Steve A. Bate
Executive Vice President and Chief Financial Officer
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ion-announces-second-quarter-2016-earnings-and-conference-call-schedule-300307285.htmlION Geophysical Corporation
Web site: http://www.iongeo.com/
LAS VEGAS, Aug. 1, 2016 /PRNewswire/ -- Scientific Games Corporation ("Scientific Games" or the "Company") today announced an expansive agreement to provide the Company's casino systems solutions to del Lago Resort & Casino in Tyre, Seneca County, the heart of New York's Finger Lakes region, for its early 2017 opening.
After a competitive evaluation and selection process, Scientific Games was awarded the contract to provide an integrated suite of its industry-leading systems solutions for this $440 million casino, which will feature 2,000 slot games and 85 table games, which includes a 10-table poker room.
The del Lago Resort & Casino selected Scientific Games' SDS(R) slot-accounting system as the foundation for the integrated package, including:
-- CMP(TM), a player-tracking system that provides player tracking, bonusing, promotions, and cage and pit accounting. -- Live Floor View, which analyzes slot-floor performance; monitors player activity; identifies "hot player" locations; and reviews slot floor messages for monitoring activity. -- TableView real-time table rating and player-tracking system. -- iVIEW(TM) Display Manager ("DM") on-device messaging technology to present content such as player account information, bonusing offers, and directed marketing messages on the main game screen or top screen - without interrupting play. -- Elite Bonusing Suite(TM), 12 powerful applications that enable floorwide bonuses, promotions, tournaments, virtual-racing events, dynamic random bonusing, flex rewards, video poker bonusing, and more. -- Power Progressives(R), a progressive jackpot application that gives operators centralized control of all SAS paytable progressive on the casino floor. -- Beverage Ordering and Service System ("BOSS"), which enables self-service, touch-screen drink ordering at the slot machine through iVIEW DM. -- Servizio mobile service solutions suite of intelligent, rule-driven applications, automating the traditional dispatch system for jackpot processing, player registration, host functions, slot maintenance, and more.
"We evaluated several other companies before selecting Scientific Games to be our casino systems solutions partner," said Jeff Babinski, Executive Vice president and General Manager at del Lago. "A robust, secure, and integrated system was a necessity, but beyond that, we were most excited about Scientific Games' industry leadership in innovative marketing and bonusing solutions that will help us attract, retain, and keep our guests engaged."
Derik Mooberry,Scientific Games Group Chief Executive, Gaming, said, "We are proud that del Lago's management team has chosen to leverage the marketing, business intelligence, and operational power of Scientific Games' end-to-end integrated casino solutions for their new casino resort. We are confident our technologies and professional expertise will help drive player engagement and operational efficiencies to enhance del Lago's business in the beautiful Finger Lakes region."
When complete, the new casino resort will be Seneca County's largest employer - creating 1,800 jobs to support a 205-room hotel, 2,000 slot machines, 85 table games, a 2,500-seat entertainment center, restaurants, a spa, and other attractions. Del Lago is expected to draw patrons from two primary markets - Rochester and Syracuse - with approximately 3 million people within a 100-mile radius.
(C) 2016 Scientific Games Corporation. All Rights Reserved. All (R) notices signify marks registered in the United States.
About Scientific Games
Scientific Games Corporation is a leading developer of technology-based products and services and associated content for worldwide gaming, lottery and interactive markets. The Company's portfolio includes gaming machines, game content and systems; table games products and shufflers; instant and draw-based lottery games; server-based lottery and gaming systems; sports betting technology; loyalty and rewards programs; and interactive content and services. For more information, please visit ScientificGames.com.
Scientific Games: Bill Pfund +1 702-532-7663
Vice President, Investor Relations
Scientific Games: Mollie Cole +1 773-961-1194
Director, Corporate Communications
In this press release, Scientific Games makes "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results or strategies and can often be identified by the use of terminology such as "may," "will," "estimate," "intend," "plan," "continue," "believe," "expect," "anticipate," "target," "should," "could," "potential," "opportunity," "goal," or similar terminology. These statements are based upon management's current expectations, assumptions and estimates and are not guarantees of timing, future results or performance. Actual results may differ materially from those contemplated in these statements due to a variety of risks and uncertainties and other factors, including, among other things: competition; U.S. and international economic and industry conditions, including declines in or slow growth of gross gaming revenues or lottery retail sales, reductions in or constraints on capital spending by gaming or lottery operators and bankruptcies of, or credit risk relating to, customers; limited growth from new gaming jurisdictions, declines in the replacement cycle of existing gaming machines and slow addition of casinos in existing jurisdictions; ownership changes and consolidation in the gaming industry, including by casino operators; opposition to legalized gaming or the expansion thereof; inability to adapt to, and offer products that keep pace with, evolving technology; inability to develop successful gaming concepts and content; laws and government regulations, including those relating to gaming licenses and environmental laws; inability to identify and capitalize on trends and changes in the gaming, lottery and interactive industries; dependence upon key providers in our social gaming business; inability to retain or renew, or unfavorable revisions of, existing contracts, and the inability to enter into new contracts; level of our indebtedness, higher interest rates, availability or adequacy of cash flows and liquidity to satisfy indebtedness, other obligations or future cash needs; inability to reduce or refinance our indebtedness; restrictions and covenants in our debt agreements, including those that could result in acceleration of the maturity of our indebtedness; protection of our intellectual property, inability to license third party intellectual property, and the intellectual property rights of others; security and integrity of our software and systems and reliance on or failures in our information technology systems; natural events that disrupt our operations or those of our customers, suppliers or regulators; inability to benefit from, and risks associated with, strategic equity investments and relationships, including (i) the inability of our joint venture to realize the anticipated benefits under its private management agreement with the Illinois lottery or from the disentanglement services performed in connection with the termination thereof, (ii) the inability of our joint venture to meet the net income targets or other requirements under its agreement to provide marketing and sales services to the New Jersey Lottery or otherwise to realize the anticipated benefits under such agreement and (iii) failure to realize the anticipated benefits related to the award to our consortium of an instant lottery game concession in Greece; failure to achieve the intended benefits of the Bally acquisition or the WMS acquisition, other recent acquisitions, or future acquisitions, including due to the inability to successfully integrate such acquisitions or realize synergies in the anticipated amounts or within the contemplated time frames or cost expectations, or at all; disruption of our current plans and operations in connection with our recent acquisitions (including in connection with the integration of Bally and WMS), including departure of key personnel or inability to recruit additional qualified personnel or maintain relationships with customers, suppliers or other third parties; costs, charges and expenses relating to the Bally acquisition and the WMS acquisition; incurrence of employee termination or restructuring costs, and impairment or asset write-down charges; changes in estimates or judgments related to our impairment analysis of goodwill or other intangible assets; implementation of complex revenue recognition standards; fluctuations in our results due to seasonality and other factors; dependence on suppliers and manufacturers; risks relating to foreign operations, including fluctuations in foreign currency exchange rates and restrictions on the payment of dividends from earnings, restrictions on the import of products and financial instability, including the potential impact to our instant lottery game concession or VLT lease arrangements resulting from the recent economic and political conditions in Greece; dependence on our key employees; litigation and other liabilities relating to our business, including litigation and liabilities relating to our contracts and licenses, our products and systems, our employees (including labor disputes), intellectual property and our strategic relationships; influence of certain stockholders; and stock price volatility.
Additional information regarding risks, uncertainties and other factors that could cause actual results to differ materially from those contemplated in forward-looking statements is included from time to time in our filings with the SEC, including the Company's current reports on Form 8-K, quarterly reports on Form 10-Q and its latest annual report on Form 10-K filed with the SEC on February 29, 2016 (including under the headings "Forward Looking Statements" and "Risk Factors"). Forward-looking statements speak only as of the date they are made and, except for Scientific Games' ongoing obligations under the U.S. federal securities laws, Scientific Games undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.
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Web site: http://www.scientificgames.com/
ST. LOUIS, Aug. 1, 2016 /PRNewswire/ -- Energizer Holdings, Inc. announced that its Board of Directors has declared a dividend for the fourth quarter of its fiscal 2016 of $0.25 per share of Common Stock, payable on September 9, 2016 to all shareholders of record as of the close of business on August 19, 2016.
In addition, the Board of Directors announced their intention to increase the Company's regular quarterly dividend to $0.275 per share of Common Stock beginning in fiscal 2017. This represents a 10% increase over the current quarterly dividend of $0.25. Future declarations of dividends are subject to Board approval and may be adjusted at the discretion of the Board, as business needs or market conditions change.
"As we have consistently stated, our goal of delivering long-term shareholder value will be achieved through a balanced combination of reinvesting in our business, returning cash to shareholders through both dividends and share repurchases and adding to our portfolio through acquisitions," said Alan Hoskins, Chief Executive Officer. "This dividend increase is an important part of continuing to deliver long-term value to our shareholders."
About Energizer Holdings, Inc.
Energizer Holdings, Inc. , headquartered in St. Louis, MO, is one of the world's largest manufacturers of primary batteries and portable lighting products and is anchored by its two globally recognized brands Energizer(R) and EVEREADY(R). As a global leader in power solutions, our mission is to lead the charge to connect our brands, our people and the products we offer to the world better than anyone else. Visit www.energizerholdings.com for more details.
Cautionary Note Regarding Forward-looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact should be considered to be forward-looking statements. Any such forward looking statements are made based on information currently known and are subject to various risks and uncertainties, including those contained in Energizer's filings with the Securities and Exchange Commission, including in its Annual Report on Form 10-K, filed with the SEC on November 20, 2015, and in its Quarterly Report on Form 10-Q, filed with the SEC on May 4, 2016. Energizer does not assume any obligation to update or revise any forward-looking statements to reflect new events or circumstances.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/energizer-holdings-inc-declares-dividend-for-fourth-quarter-of-fiscal-2016-and-announces-plan-for-dividend-increase-for-fiscal-2017-300306962.htmlEnergizer Holdings, Inc.
CONTACT: Jacqueline E. Burwitz, Vice President, Investor Relations,
Web site: http://www.energizerholdings.com/
REDWOOD CITY, Calif. and PARIS, Aug. 1, 2016 /PRNewswire/ -- Equinix, Inc. , the global interconnection and data center company, today announced that it has completed the purchase of Digital Realty's operating business in St. Denis, Paris, including its real estate and data center facility, for EUR EUR189,750,000 (approximately USD $211 million). The site currently houses Equinix's PA2 and PA3 International Business Exchange(TM) (IBX(R)) data centers and the transaction furthers Equinix's corporate strategy of acquiring assets to invest behind customers and business ecosystems in key operating markets.
Highlights / Key Facts
-- Purchasing St. Denis adds approximately 1,000 cabinets of sold capacity to the 5,000 cabinets Equinix has already sold in PA2 and PA3, plus expansion space for a further 1,000 cabinets in the existing buildings to support customer growth. The acquired facility is a dense interconnection site housing a core node of the Equinix Internet Exchange, one of the leading traffic exchanges in France. -- Today, Equinix's seven Paris data centers are business hubs for more than 575 companies. With the current IT transformation underway, global enterprises increasingly leverage Platform Equinix(TM) for low-latency network connectivity, private access to a menu of cloud service providers and interconnection with customers and partners across their digital supply chain to run their corporate IT. -- Equinix's Paris data centers provide significant carrier and cloud density, making them ideal sites to optimize network performance and deploy hybrid cloud architectures. Equinix's global interconnection platform provides access to over 160 network service providers and more than 100 cloud service providers in Paris for maximum connectivity to leading business services including Google Cloud Platform and IBM SoftLayer via Equinix Cloud Exchange. -- The acquisition of the new Paris site enhances Equinix's recently expanded data center portfolio in EMEA. In January 2016 Equinix acquired TelecityGroup plc, which added 34 new data centers and seven new markets to the company's offering in the region including Dublin, Helsinki, Istanbul, Manchester, Sofia, Stockholm and Warsaw. Equinix now operates 146 IBX data centers in 40 markets, providing customers even more ways to connect with other businesses around the world on Platform Equinix.
-- Steve Smith, president and CEO, Equinix: "As one of the largest economies in Europe, France continues to be a strong destination for local French businesses, as well as multinationals. We believe that by fully owning the site of our PA2 and PA3 facilities and the surrounding land, we will be able to ensure additional capacity and the ability to interconnect more networks, clouds, people and data, as customers require in the future."
-- Equinix Solidifies EMEA Data Center Portfolio [press release] -- Equinix Expands Data Center Leadership Position with Close of Telecity Acquisition [press release] -- The Successful Cloud-Enabled Enterprise [infopaper]
Equinix, Inc. connects the world's leading businesses to their customers, employees and partners inside the most interconnected data centers. In 40 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies. www.equinix.com.
Forward Looking Statements
This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual results to differ materially from expectations discussed in such forward-looking statements, including statements related to the purchase of land and business assets from Digital Realty in Paris. Factors that might cause such differences include, but are not limited to, unanticipated costs or difficulties relating to the integration of companies or assets we have acquired or will acquire into Equinix, including the Paris assets; the challenges of acquiring, operating and constructing IBX centers and developing, deploying and delivering Equinix services; a failure to receive significant revenue from customers in recently built out or acquired data centers; failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; and other risks described from time to time in Equinix's filings with the Securities and Exchange Commission. In particular, see Equinix's recent quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.
Equinix and IBX are registered trademarks of Equinix, Inc.
International Business Exchange is a trademark of Equinix, Inc.
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CONTACT: Equinix Media Contacts, Michelle Lindeman (Americas), +1 (650)
598-6361, email@example.com; Liam Rose (EMEA), +44 (0) 207 618 9602,
firstname.lastname@example.org; Margot Reboul (Rumeur Publique for Equinix -
France), +33 (0) 155 74 5226, email@example.com; Equinix Investor
Relations Contacts; Katrina Rymill, +1 (650) 598-6583, firstname.lastname@example.org;
Paul Thomas, +1 (650) 598-6442, email@example.com
Web site: http://www.equinix.com/
MELBOURNE, Australia, Aug. 1, 2016 /PRNewswire/ -- Melbourne has been confirmed as the location for a leading edge multi-disciplinary Research & Development (R&D) facility by leading global technology company Lockheed Martin .
Lockheed Martin will invest an initial $13 million over three years to establish a Science Technology Engineering Leadership and Research Laboratory (STELaR Lab) to undertake R&D to solve the technology challenges of the future, and work in the art of the possible.
STELaR Lab, the first leading edge multi-disciplinary facility to be established by Lockheed Martin outside of the United States, will constitute Lockheed Martin's national R&D operations centre for its current research portfolio in Australia, and undertake additional internal R&D programs.
Scheduled to open in early 2017, STELaR Lab researchers will explore several fields, including hypersonics, autonomy, robotics and command, control, communications, computing, intelligence, surveillance and reconnaissance.
Lockheed Martin confirmed the strategic investment in Australia's future R&D program will create premium jobs for science and technology graduates, with STELaR Lab anticipated to grow to over 20 employees within three years.
Speaking at an event in Melbourne on Monday 1 August to announce the decision, Dr. Keoki Jackson, Lockheed Martin's Chief Technology Officer, confirmed Melbourne's growing international reputation for research was a key factor in the consideration of a location for the Laboratory.
"The decision to establish a multi-disciplinary R&D facility in Australia was partly based on Lockheed Martin's own track record of Research & Development success with Australia's Defence Science and Technology Group and Australian Universities over the last 20 years," he said.
"Lockheed Martin laboratories operate on the frontline of applied research and development, and have been responsible for many advanced technology breakthroughs. It is our vision that STELaR Lab will add to that unparalleled legacy of technological excellence, and contribute to the advancement of human knowledge."
Raydon Gates AO, Chief Executive, Lockheed Martin Australia New Zealand confirmed STELaR Lab marked a significant step change in Lockheed Martin's capabilities in Australia, paving the way for deeper collaboration with partners and customers.
"Lockheed Martin technologies and best practice capabilities ensure our local partners can meet the challenges and opportunities of an increasingly changing world," he said.
"The establishment of STELaR Lab further reinforces our position as an industry leader in defence and technology, and we are proud of our ability to bring best practice and leading edge concepts to Australia to support growth and innovation."
Notable members of Australia's research community and academia, as well as the Federal Minister for Industry, Innovation & Science the Hon. Greg Hunt MP, the Premier of Victoria Daniel Andrews MP, the Victorian Minister for Industry & Employment the Hon. Wade Noonan MP, and Senator the Hon. Stephen Conroy, Senator for Victoria attended the event at Engineers Australia.
STELaR Lab will be situated in the heart of Melbourne's emerging technology district between University of Melbourne and RMIT.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 125,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
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CONTACT: Media Contact: Michelle Scully, +61 448 032 387,
Web site: http://www.lockheedmartin.com/
BELLEVUE, Wash., Aug. 1, 2016 /PRNewswire/ -- Bsquare Corporation today announced that wireless and technology executive, Mary Jesse, has been appointed as a member of the company's board of directors to fill a current vacancy. Jesse will serve as class I director, and as such, her term of office will expire at the company's 2019 Annual Meeting of Shareholders. Jesse brings more than 30 years of executive experience in the technology sector including serving as Board Chair, Director, Chief Executive Officer, Chief Technology Officer, Chief Strategy Officer, Vice-President, and founder.
Bsquare CEO Jerry Chase stated, "Bsquare is thrilled to have Mary join the board of directors. She brings a demonstrated and successful track record of building and nurturing technology companies. We believe she will help to further strengthen our strategic vision and approach to the IoT market with our DataV IoT software offering. Mary will be a great addition to the board and be a strong contributor to the company's culture of teamwork and innovation."
Biography for Mary Jesse
Mary Jesse is a technology executive, strategist, inventor and pioneer in the wireless, virtual reality and product development arenas. From 2015 to present, she has served as Chief Strategy Officer for VRstudios, a global virtual reality company based in Bellevue, Washington. Jesse oversees VRstudios' product and content development, as well as pivotal industry partner and developer relationships and initiatives.
Her past roles include founder and CEO of Ivycorp, co-founder and CTO of RadioFrame Networks, VP of Strategic Technology for McCaw Cellular Communications, Inc., and VP of Technology Development for AT&T Wireless.
Jesse volunteers her time to support STEM education, promote documentary films and mentor girls and women in business. Jesse frequently speaks and writes on technology, business and entrepreneurship.
She served on the board of the Northwest Entrepreneur Network and Washington State University's Executive Advisory Committee and currently serves on the Advisory Board of the University of Washington, Bothell school of Science, Technology, Engineering and Mathematics (STEM).
A licensed professional engineer, Jesse holds a BS in electrical engineering from the University of Utah and an MS in electrical engineering from Santa Clara University, in addition to having authored more than a dozen patents.
For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes. Bsquare DataV software solutions can be deployed by a wide variety of enterprises to create business-focused Internet of Things (IoT) systems that more effectively monitor device data, automate processes, predict events and produce better business outcomes. Bsquare goes a step further by coupling its purpose-built DataV software with comprehensive analytic and engineering services that help organizations of all types make IoT a business reality. For more information, visit www.bsquare.com.
BSQUARE, the BSQUARE Logo and DataV are trademarks of BSQUARE Corporation in the U.S. and other countries. Other names and brands herein may be trademarks of others.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bsquare-announces-appointment-of-wireless-and-technology-executive-mary-jesse-to-board-of-directors-300307112.htmlBsquare
CONTACT: Bsquare, Jerry Chase, Bsquare Corporation, +1 425.519.5900,
firstname.lastname@example.org; Investor, Leslie Phillips, The Blueshirt
Group, + 1 415.217.5869, email@example.com
Web site: http://www.bsquare.com/
CHICAGO, Aug. 1, 2016 /PRNewswire/ -- Cars.com, a TEGNA Inc. company, has closed the acquisition of DealerRater, announced last week. DealerRater is the industry's largest automotive consumer review website. Terms of the transaction were not disclosed.
"We are pleased to bring DealerRater into the Cars.com family of industry-leading products and people as we create the largest dealer review platform in the automotive sector," said Alex Vetter, chief executive officer and president of Cars.com. "With this acquisition, Cars.com has solidified its position as the leader in online automotive reviews and the preeminent authority for car shoppers and owners on what to buy, where to buy and who to buy from."
Since Cars.com launched its reviews in 2011, the company has maintained its transparent model for generating consumer feedback, which better serves shoppers and customers. The addition of DealerRater and its review database further strengthens this value proposition.
"We are happy to be joining Cars.com and are proud to share a similar foundation," said Gary Tucker, chief executive officer of DealerRater. "DealerRater is uniquely positioned to lead the industry transition to finding not only the right dealer, but connecting consumers with the right person at the right dealer."
Cars.com serves as an unbiased intermediary, helping both consumers and dealers win. Through its research and shopping tools and expert editorial content, Cars.com helps millions of people navigate one of life's biggest purchases. Cars.com also empowers local dealers to be successful by connecting them with ready-to-buy consumers and providing them with digital marketing expertise to strengthen their businesses.
Launched in 1998 and owned by TEGNA Inc., Cars.com is an award-winning online destination that offers information from experts and consumers to help car shoppers and owners buy, sell and service their vehicles. With more than 30 million monthly visits to its web properties, Cars.com offers millions of new and used vehicle listings, expert and consumer reviews, side-by-side comparison, build and price tools, unbiased editorial content, service and repair resources, multiple options to sell a vehicle, and much more.
Founded in 2002, DealerRater is the world's leading car dealer review website that connects consumers with the right person at the right dealership. The site offers more than 2.5 million sales and service reviews across 41,000 U.S. and Canadian dealerships, including a network of more than 5,600 Certified Dealers. More than 14 million consumers read DealerRater content across the web each month. By offering a product suite that allows qualified dealerships to manage their reputations and achieve higher SEO rankings, DealerRater supports new customer connections by growing online presence.
TEGNA Inc. is comprised of a dynamic portfolio of media and digital businesses that provide content that matters and brands that deliver. TEGNA reaches more than 90 million Americans and delivers highly relevant, useful and smart content, when and how people need it, to make the best decisions possible. TEGNA Media includes 46 television stations and is the largest independent station group of major network affiliates in the top 25 markets, reaching approximately one-third of all television households nationwide. TEGNA Digital is comprised of Cars.com, the leading online destination for automotive consumers, CareerBuilder, a global leader in human capital solutions, and other powerful brands such as G/O Digital and Cofactor. For more information, visit www.TEGNA.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/carscom-closes-acquisition-of-dealerrater-300306964.htmlCars.com
CONTACT: Christine Spinelli, firstname.lastname@example.org, 312-508-6727
Web site: http://www.Cars.com/
ROSH HAAYIN, Israel, August 1, 2016 /PRNewswire/ --
Pointer Telocation Ltd. - a leading developer, manufacturer and operator of Mobile Resource Management (MRM), announced today that it will release its financial results for the second quarter of 2016 on Thursday, August 11th, 2016.
Pointer's management will host a conference call that same day, at 10:00 ET, 17:00 Israel time. On the call, management will review and discuss the results.
To listen to the call, please dial in to one of the following teleconferencing numbers. Please begin placing your call at least 5 minutes before the conference call commences.
From USA: 1-866-744-5399
From Israel: 03-918-0691
A replay will be available the day following the call on the company's website: http://www.pointer.com
About Pointer Telocation
Pointer Telocation is a leading provider of technology and services to the automotive and insurance industries, offering a set of services including Fleet Management and Stolen Vehicle Recovery. Pointer has a growing list of customers and products installed in 50 countries. Cellocator, a Pointer Products Division, is a leading AVL (Automatic Vehicle Location) solutions provider for stolen vehicle retrieval, fleet management, car & driver safety, public safety, vehicle security and more.
Pointer Telocation's top management and the development center are located in the Afek Industrial Area of Rosh Ha'ayin, Israel. For more information visit http://www.pointer.com
Safe Harbor Statement
This press release contains forward-looking statements with respect to the business, financial condition and results of operations of Pointer and its affiliates. These forward-looking statements are based on the current expectations of the management of Pointer, only, and are subject to risk and uncertainties relating to changes in technology and market requirements, the company's concentration on one industry in limited territories, decline in demand for the company's products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. Pointer undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risks and uncertainties affecting the company, reference is made to the company's reports filed from time to time with the Securities and Exchange Commission.
Contact: Zvi Fried, V.P. and Chief Financial Officer Tel.: +972-3-572 3111 E-mail: email@example.com Gavriel Frohwein/Ehud Helft, GK Investor Relations Tel: +1-646-688-3559 E-mail: firstname.lastname@example.org
Pointer Telocation Ltd
El SEGUNDO, Calif., Aug. 1, 2016 /PRNewswire/ -- AT&T* and AUDIENCE Network are bringing back the criminal-drama series from leading independent studio Entertainment One (eOne), "ROGUE." AUDIENCE Network is currently in production on the fourth and final season of "ROGUE" with new episodes slated to start in spring 2017. With this season the series will end with its 50(th) episode. The show is available exclusively to DIRECTV and AT&T U-verse customers.
"ROGUE" is produced by eOne in association with DIRECTV. Series creator and showrunner Matthew Parkhill ("The Caller"), John Morayniss of eOne, Nick Hamm and Michael Rosenberg are executive producers.
The new season of "ROGUE" moves back to San Francisco as characters seek revenge and redemption.
Ethan Kelly (Cole Hauser) faces his toughest challenge yet. During his quest to slay his past ghosts, he falls into a hellish labyrinth of criminality and betrayal by the police. Ethan's journey to find redemption could prove to be his last.
Meanwhile, Mia Rochlan (Ashley Greene) seeks revenge and will stop at nothing to make Ethan pay for double-crossing her.
Joining the stellar cast this season is Meaghan Rath ("Being Human," "New Girl") as Clea Annou, a sharp San Francisco police detective with relentless dedication to both her job and her family.
"ROGUE has been a tent pole for AUDIENCE Network since its launch and has developed a devoted fan base that has fallen in love the with its characters," said Christopher Long, senior vice president, Original Content and Production at AT&T. "The final season will not disappoint and promises to deliver all of the intensity and powerful drama-filled storylines the show is known for."
"It's been an exciting journey and we're looking forward to delivering the most suspenseful, nail-biting season of Rogue," commented John Morayniss, CEO eOne Television. "We're so very proud of our cast and crew as we embark on the next chapter of this compelling series and are thankful for our partner DIRECTV for their continued support."
DIRECTV and U-verse customers can watch "ROGUE" and the rest of AUDIENCE Network's season line-up on DIRECTV Channel 239 and U-verse Channel 1114. They can also live stream it on the DIRECTV App and U-verse App for smartphones and tablets, directv.com and uverse.com.*
eOne handles the worldwide rights to the series in all media.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
AT&T Inc. helps millions around the globe connect with leading entertainment, mobile, high-speed internet and voice services. We're the world's largest provider of pay TV. We have TV customers in the U.S. and 11 Latin American countries. We offer the best global coverage of any U.S. wireless provider.* And we help businesses worldwide serve their customers better with our mobility and highly secure cloud solutions.
Additional information about AT&T products and services is available at http://about.att.com. Follow our news on Twitter at @ATT, on Facebook at http://www.facebook.com/att and YouTube at http://www.youtube.com/att.
(C) 2016 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
*Global coverage claim based on offering discounted voice and data roaming; LTE roaming; voice roaming; and world-capable smartphone and tablets in more countries than any other U.S. based carrier. International service required. Coverage not available in all areas. Coverage may vary per country and be limited/restricted in some countries.
About AUDIENCE Network
Always Original. Always Smart. Always Bold. Never Ordinary. AUDIENCE is a unique and exclusive television experience available only to DIRECTV and AT&T U-verse subscribers. The channel first made its mark by partnering with NBC to produce and air three additional seasons of the Emmy Award-winning series Friday Night Lights and then became the exclusive home of the Emmy Award-winning drama Damages, starring Glenn Close and Rose Byrne. AUDIENCE continues its commitment to original, provocative content with a growing slate of critically acclaimed original series including the MMA drama Kingdom, starring Frank Grillo and Nick Jonas; the industry's first polyamorous romantic comedy You Me Her starring Greg Poehler, Rachel Blanchard and Priscilla Faia; the suspense-drama ROGUE, starring Ashley Greene and Cole Hauser; Full Circle: Miami, written by Jorge Zamacona and starring Dougray Scott, Kim Raver, and Harold Perrineau. AUDIENCE is also home to acclaimed original documentaries including The Fighting Season, a first hand account of the deadliest year in our nation's longest war, Executive Produced by Ricky Schroder. Sports fans will find live, daily sports and entertainment news from renowned sports journalists on The Dan Patrick Show and The Rich Eisen Show, and in-depth interviews with sports icons like Derek Jeter and Michael Phelps on UNDENIABLE with Joe Buck. Plus, viewers can enjoy exclusive concerts by today's hottest artists on AUDIENCE Music and intimate interviews with top talent like Matt Damon and Jessica Chastain on Off Camera with Sam Jones. It's original entertainment you won't see anywhere else. For more info, please visit directv.com/audience.
About Entertainment One
Entertainment One Ltd. is a global independent studio that specialises in the development, acquisition, production, financing, distribution and sales of entertainment content. The Company's diversified expertise spans across film, television and music production and sales, family programming, merchandising and licensing, and digital content. Through its global reach and expansive scale, powered by deep local market knowledge, the Company delivers the best content to the world.
Entertainment One's robust network includes film and television studio The Mark Gordon Company; content creation venture Amblin Partners with Steven Spielberg, DreamWorks Studios, Participant Media, and Reliance Entertainment; leading feature film production and global sales company Sierra Pictures; unscripted television production companies Renegade 83, Paperny Entertainment and Force Four Entertainment; world-class music labels Dualtone Music Group and Last Gang; and award-winning digital agency Secret Location.
The Company's rights library is exploited across all media formats and includes more than 100,000 hours of film and television content and approximately 40,000 music tracks.
Logo - http://photos.prnewswire.com/prnh/20140408/CG99935LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/att-and-audience-network-renew-original-series-rogue-for-a-fourth-season-300306880.htmlPhoto: https://photos.prnewswire.com/prnh/20140408/CG99935LOGO AT&T Inc.
CONTACT: Cara Brugnoli, 212.205.0887, email@example.com
Web site: http://www.att.com/
SAN JOSE, Calif., Aug. 1, 2016 /PRNewswire/ -- Nimble Storage , the leader in predictive flash storage, will report results for its fiscal second quarter on Tuesday, August 23, 2016. The results will be included in a press release with accompanying financial information and Shareholder Letter that will be released after market close and posted on the Nimble Storage Investor Relations website.
Nimble Storage management will host a conference call and live webcast beginning at 2:00 p.m. PT (5:00 p.m. ET) to discuss the Company's financial results and business highlights. Interested parties may access the call by dialing (888) 347-5685 in the U.S. or (719) 325-2314 from international locations. In addition, a live audio webcast of the conference call will be available on the Nimble Storage Investor Relations website at http://investors.nimblestorage.com.
A replay of the audio webcast will be available on the Nimble Storage Investor Relations website for 45 days.
Nimble Storage Resources
-- Nimble Storage Website -- Case Studies and Videos -- Follow Nimble Storage on Twitter: @NimbleStorage -- Follow Nimble Storage on LinkedIn -- Visit Nimble Storage on Facebook -- Visit the NimbleConnect Community
About Nimble Storage
Nimble Storage is the leader in predictive flash storage solutions. Nimble offers a Predictive Flash platform that combines flash performance with predictive analytics to predict and prevent barriers to data velocity caused by complex IT infrastructure. Nimble customers experience absolute performance, non-stop availability and cloud-like agility that accelerate critical business processes. More than 8,100 enterprises, governments, and service providers have deployed the Nimble Predictive Flash Platform across more than 50 countries. For more information visit www.nimblestorage.com and follow us on Twitter: @nimblestorage.
Nimble Storage, the Nimble Storage logo, CASL, InfoSight, SmartStack, Timeless Storage, Data Velocity Delivered, Unified Flash Fabric and NimbleConnect are trademarks or registered trademarks of Nimble Storage, Inc. Other trade names or words used in this document are the properties of their respective owners.
Investor Relations Contact:
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nimble-storage-to-announce-second-quarter-2017-financial-results-on-august-23-2016-300306340.htmlNimble Storage
Web site: http://www.nimblestorage.com/
NEW YORK, Aug. 1, 2016 /PRNewswire/ -- XO Group Inc. (the "Company") , today reported financial results for the three months ended June 30, 2016.
Total revenue for the second quarter of 2016 was $38.7 million, up 7.0% compared to the same period in the prior year. Net income for the quarter was $3.8 million or $0.15 per diluted share compared to diluted earnings per share of $0.13 in the same period in the prior year. Non-GAAP net income per diluted share for the quarter was $0.14 compared $0.13 to in the prior year quarter. The Company's balance sheet at June 30, 2016 reflects cash and cash equivalents of $96.7 million compared to $88.5 million at December 31, 2015. The Company repurchased and retired shares of its common stock for an aggregate price of $1.4 million during the quarter as part of the Company's authorized repurchase program.
"I'm really proud of the team's work during the quarter. Our national online advertising business delivered solid results, our guest products are continuing to drive value for our users and partners, and our recent marketplace product launches are starting to gain traction," said Mike Steib, Chief Executive Officer.
Long-Term Financial Targets
The Company is reiterating its long-term financial targets of double digit revenue growth rates and gross margins of approximately 90-95%, yielding adjusted EBITDA margins of at least 20%.
XO GROUP INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Amounts in Thousands, Except for Per Share Data) (Unaudited) Three Months Ended June 30, Six Months Ended June 30, --------------------------- ------------------------- 2016 2015 2016 2015 ---- ---- ---- ---- Net revenue: Online advertising $26,218 $24,725 $53,055 $48,641 Transactions 6,431 4,163 10,635 6,457 Merchandise - - - 878 Publishing and other 6,059 7,302 10,687 12,816 ----- ----- ------ ------ Total net revenue 38,708 36,190 74,377 68,792 Cost of revenue: Online advertising 684 551 1,184 905 Merchandise - - - 881 Publishing and other 2,072 2,295 3,182 3,715 ----- ----- ----- ----- Total cost of revenue 2,756 2,846 4,366 5,501 Gross profit 35,952 33,344 70,011 63,291 Operating expenses: Product and content development 10,814 9,845 21,774 19,399 Sales and marketing 11,513 10,382 23,227 21,004 General and administrative 5,833 6,071 12,030 12,161 Depreciation and amortization 1,641 1,421 3,235 2,666 ----- ----- ----- ----- Total operating expenses 29,801 27,719 60,266 55,230 Income from operations 6,151 5,625 9,745 8,061 Loss in equity interests (37) (30) (181) (36) Interest and other expense, net (18) (25) (19) (48) --- --- --- --- Income before income taxes 6,096 5,570 9,545 7,977 Income tax expense 2,331 2,259 2,755 3,221 ----- ----- ----- ----- Net income $3,765 $3,311 $6,790 $4,756 ====== ====== ====== ====== Net income per share: Basic $0.15 $0.13 $0.27 $0.19 ===== ===== ===== ===== Diluted $0.15 $0.13 $0.26 $0.19 ===== ===== ===== ===== Weighted average number of shares used in calculating net earnings per share: Basic 25,393 25,174 25,328 25,174 Dilutive effect of: Restricted stock 260 352 291 389 Employee Stock Purchase Plan 3 - 1 - Options 21 14 17 19 === === === === Diluted 25,677 25,540 25,637 25,582 ====== ====== ====== ======
XO GROUP INC. CONSOLIDATED BALANCE SHEETS (Amounts in Thousands, Except for Per Share Data) (Unaudited) June 30, 2016 December 31, 2015 ------------- ----------------- ASSETS Current assets: Cash and cash equivalents $96,661 $88,509 Accounts receivable, net 18,011 20,475 Prepaid expenses and other current assets 5,353 5,341 ----- ----- Total current assets 120,025 114,325 Long-term restricted cash 2,598 2,598 Property and equipment, net 12,514 13,251 Intangibles assets, net 4,387 4,817 Goodwill 47,396 47,396 Deferred tax assets, net 10,888 11,578 Investments 2,538 2,719 Other assets 44 57 --- --- Total assets $200,390 $196,741 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accrued compensation and employee benefits $4,413 $5,826 Accounts payable and accrued expenses 6,751 6,337 Deferred revenue 15,681 18,640 ------ ------ Total current liabilities 26,845 30,803 Deferred rent 4,148 4,486 Other liabilities 1,990 1,985 ----- ----- Total liabilities 32,983 37,274 Commitments and contingencies Stockholders' equity: Preferred stock, $0.001 par value; 5,000,000 shares authorized and 0 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively - - Common stock, $0.01 par value; 100,000,000 shares authorized and 26,476,396 and 26,235,824 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively 265 264 Additional paid-in-capital 175,573 173,564 Accumulated deficit (8,431) (14,361) ------ ------- Total stockholders' equity 167,407 159,467 ------- ------- Total liabilities and stockholders' equity $200,390 $196,741 ======== ========
XO GROUP INC. NON-GAAP TABLE For the Three Months Ended June 30, 2016 and 2015 (Amounts in Thousands, Except for Per Share Data) (Unaudited) Three Months Ended June 30, 2016 2015 ---- ---- GAAP Actual Adjustments Non GAAP GAAP Actual Adjustments Non GAAP Net revenue $38,708 $ - $38,708 $36,190 $ - $36,190 Cost of revenue 2,756 - 2,756 2,846 - 2,846 Operating expenses: Product and content development 10,814 - 10,814 9,845 - 9,845 Sales and marketing 11,513 - 11,513 10,382 - 10,382 General and administrative 5,833 - 5,833 6,071 - 6,071 Depreciation and amortization 1,641 - 1,641 1,421 - 1,421 ----- --- ----- ----- --- ----- Total operating expenses 29,801 - 29,801 27,719 - 27,719 Income from operations 6,151 - 6,151 5,625 - 5,625 Interest and other expense, net (18) - (18) (25) - (25) Loss in equity interest (37) - (37) (30) - (30) Income tax expense 2,331 171 (b) 2,502 2,259 - 2,259 ----- --- --- ----- ----- --- ----- Net income $3,765 $(171) $3,594 $3,311 $ - $3,311 Net income per share - diluted $0.15 $(0.01) $0.14 $0.13 $ - $0.13 Weighted average number of shares outstanding - diluted 25,677 25,677 25,540 25,540 Three Months Ended June 30, 2016 2015 ---- ---- GAAP Actual Adjustments Non GAAP GAAP Actual Adjustments Non GAAP Income from operations $6,151 $ - $6,151 $5,625 $ - $5,625 Depreciation and amortization (c) 1,641 - 1,641 1,421 - 1,421 Stock-based compensation (d) 1,988 - 1,988 1,637 - 1,637 ----- --- ----- ----- --- ----- Adjusted EBITDA $9,780 $ - $9,780 $8,683 $ - $8,683 Free Cash Flow Reconciliation Three Months Ended June 30, 2016 2015 ---- ---- Net cash provided by operating activities $7,090 $6,561 Less: capital expenditures (1,264) (801) ------ Free cash flow $5,826 $5,760
XO GROUP INC. NON-GAAP TABLE For the Six Months Ended June 30, 2016 and 2015 (Amounts in Thousands, Except for Per Share Data) (Unaudited) Six Months Ended June 30, 2016 2015 ---- ---- GAAP Actual Adjustments Non GAAP GAAP Actual Adjustments Non GAAP Net revenue $74,377 $ - $74,377 $68,792 $ - $68,792 Cost of revenue 4,366 - 4,366 5,501 - 5,501 Operating expenses: Product and content development 21,774 - 21,774 19,399 (11) (a) 19,388 Sales and marketing 23,227 - 23,227 21,004 (265) (a) 20,739 General and administrative 12,030 - 12,030 12,161 (158) (a) 12,003 Depreciation and amortization 3,235 - 3,235 2,666 - 2,666 ----- --- ----- ----- --- ----- Total operating expenses 60,266 - 60,266 55,230 (434) 54,796 Income from operations 9,745 - 9,745 8,061 434 8,495 Interest and other expense, net (19) - (19) (48) - (48) Loss in equity interest (181) - (181) (36) - (36) Income tax expense 2,755 1,128 (b) 3,883 3,221 177 (b) 3,398 ----- ----- --- ----- ----- --- --- ----- Net income $6,790 $(1,128) $5,662 $4,756 $257 $5,013 Net income per share - diluted $0.26 $(0.04) $0.22 $0.19 $0.01 $0.20 Weighted average number of shares outstanding - diluted 25,637 25,637 25,582 25,582 Six Months Ended June 30, 2016 2015 ---- ---- GAAP Actual Adjustments Non GAAP GAAP Actual Adjustments Non GAAP Income from operations $9,745 $ - $9,745 $8,061 $434 $8,495 Depreciation and amortization (c) 3,235 - 3,235 2,666 - 2,666 Stock-based compensation (d) 3,644 - 3,644 3,117 - 3,117 ----- --- ----- ----- --- ----- Adjusted EBITDA $16,624 $ - $16,624 $13,844 $434 $14,278 Free Cash Flow Reconciliation Six Months Ended June 30, 2016 2015 ---- ---- Net cash provided by operating activities $12,633 $7,445 Less: capital expenditures (1,986) (2,036) ------ Free cash flow $10,647 $5,409
(a) Costs impacting comparability included in operating expenses in the condensed consolidated statements of operations for the six months ended June 30, 2015 included costs related to the closure of our merchandise operations in Redding, CA. (b) Adjusted income tax expense was calculated using an effective tax rate of 41.0% and 40.7%, respectively, for the three and six months ended June 30, 2016 and 40.6% and 40.4%, respectively, for the three and six months ended June 30, 2015. The effective tax rate for the three months ended June 30, 2016 excludes a one-time benefit associated with a foreign tax incentive deduction. The effective tax rate for the six months ended June 30, 2016 excludes a one-time tax benefit associated with the resolution of an uncertain tax position for a former subsidiary in the 2016 period, as well as a one-time benefit associated with a foreign tax incentive deduction. (c) To eliminate depreciation and amortization expense. (d) To eliminate stock-based compensation expense.
XO GROUP INC. SUPPLEMENTAL DATA TABLES (UNAUDITED) (Unaudited) TheKnot.com Local Online Advertising Metrics Q2 2016 Q2 2015 Vendor Count(a) 24,241 23,789 Retention Rate(a);(b) 69.7% 76.4% Avg. Revenue/Vendor(a) $2,667 $2,547 ---------------------- ------ ------
(a) Calculated on a trailing twelve-month basis. (b) Previously disclosed as churn rate. Retention rate calculated as one less churn rate.
Stock Based Compensation
The Company included total stock-based compensation expense related to all its stock awards in various operating expense categories for the three and six months ended June 30, 2016 and 2015, as follows:
Three Months Ended June Six Months Ended June 30, 30, ----------------------- ---------------------- 2016 2015 2016 2015 ---- ---- ---- ---- (Amounts in Thousands) Product and content development 556 513 961 1,097 Sales and marketing 438 353 848 723 General and administrative 994 771 1,835 1,297 --- --- ----- ----- Total stock-based compensation 1,988 1,637 3,644 3,117
Conference Call and Replay Information
XO Group Inc. will host a conference call with investors at 4:30 p.m. ET on Monday August 1, 2016, to discuss its second quarter 2016 financial results. Participants should dial (877) 201-0168 and use Conference ID# 49063237 at least 10 minutes before the call is scheduled to begin. Participants can also access the live broadcast over the internet on the Investor Relations section of the Company's website, accessible at http://ir.xogroupinc.com. To access the webcast, participants should visit XO Group's website at least 15 minutes prior to the conference call in order to download or install any necessary audio software.
A replay of the webcast will also be archived on the Company's website approximately two hours after the conference call ends.
About XO Group Inc.
XO Group Inc.'s mission is to help people navigate and enjoy life's biggest moments, together. Our family of multi-platform brands guide people through transformative lifestages, from getting married to moving in together and having a baby. Our brands include The Knot, the number one wedding planning resource and marketplace, The Bump, the definitive voice for millennial parents and parents-to-be, and The Nest, the go-to guide for all things home for new couples. The Company is publicly listed on the New York Stock Exchange and is headquartered in New York City.
Forward Looking Statements
This release may contain projections or other forward-looking statements regarding future events or our future financial performance or estimates regarding third parties. These statements are only estimates or predictions and reflect our current beliefs and expectations. Actual events or results may differ materially from those contained in the estimates, projections or forward-looking statements. It is routine for internal projections and expectations to change as the quarter progresses, and therefore it should be clearly understood that the internal projections and beliefs upon which we base our expectations may change prior to the end of the quarter. Although these expectations may change, we will not necessarily inform you if they do. Our policy is to provide expectations not more than once per quarter, and not to update that information until the next quarter. Some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation, (i) our operating results may fluctuate, are difficult to predict and could fall below expectations, (ii) our transactions business is dependent on third party participants, whose lack of performance could adversely affect our results of operations, (iii) our ongoing investment in new businesses and new products, services, and technologies is inherently risky, and could disrupt our ongoing business and/or fail to generate the results we are expecting, (iv) we may be unable to develop solutions that generate revenue from advertising and other services delivered to mobile phones and wireless devices, (v) our businesses could be negatively affected by changes in Internet search engine algorithms, (vi) intense competition in our markets may adversely affect revenue and results of operations, (vii) we may be subject to legal liability associated with providing online services or content, (viii) fraudulent or unlawful activities on our marketplace could harm our business and consumer confidence in our marketplace, (ix) we are subject to payments-related risks, (x) we cannot assure you that our publications will be profitable, and (xi) other factors detailed in documents we file from time to time with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.
Non-GAAP Financial Measures
This press release includes information about certain financial measures that are not prepared in accordance with U.S. generally accepted accounting principles ("GAAP" or "U.S. GAAP"), including adjusted EBITDA, adjusted net income, adjusted net income per diluted share and free cash flow. These non-GAAP measures have important limitations as analytical tools and should not be considered in isolation or as substitutes for an analysis of our results as reported under U.S. GAAP. Our use of these terms may vary from the use of similarly-titled measures by others in our industry due to the potential inconsistencies in the method of calculation and differences due to items subject to interpretation.
Management defines its non-GAAP financial measures as follows:
-- Adjusted EBITDA represents GAAP income from operations adjusted to exclude, if applicable: (1) depreciation and amortization, (2) stock-based compensation expense, (3) asset impairment charges, and (4) other items affecting comparability during the period.
-- Adjusted net income represents GAAP net income, adjusted for items that impact comparability for incremental or unusual costs incurred in the current period, which may include: (1) asset impairment charges, (2) executive separation and other severance charges, (3) non-recurring foreign taxes, interest and penalties and (4) costs related to exit activities.
-- Adjusted net income per diluted share represents adjusted net income (as defined above), divided by the diluted weighted-average number of shares outstanding for the period.
-- Free cash flow represents GAAP net cash provided by operations, less capital expenditures.
Management believes that these non-GAAP financial measures, when viewed with our results under U.S. GAAP and the accompanying reconciliations, provide useful information about our period-over-period growth and provide additional information that is useful for evaluating our operating performance. However, adjusted EBITDA, adjusted net income, adjusted net income per diluted share and free cash flow are not measures of financial performance under U.S. GAAP and, accordingly, should not be considered substitutes for or superior to net income and net income per diluted share and net cash provided by operating activities as indicators of operating performance.
A reconciliation of GAAP to Non-GAAP financial measures is included in this press release.
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CONTACT: Ivan Marmolejos, Director, Investor Relations, (212) 219-8555
Web site: http://XOGroupInc.com/
WOODLAND PARK, N.J., Aug. 1, 2016 /PRNewswire/ -- pdvWireless, Inc., (the "Company") , a private wireless communications carrier and provider of mobile workforce management solutions, today announced that Vice Chairman, Morgan O'Brien and Chief Financial Officer, Tim Gray, will present at the Canaccord Genuity 36th Annual Growth Conference.
The presentation is being held on August 11, 2016 at 11:30 AM Eastern Time at the InterContinental Boston. A live webcast and replay of the event will be accessible from the Investor Relations page of the pdvWireless website. Interested parties can access the content at http://corp.pdvwireless.com/investors/events/.
pdvWireless, Inc. is a private wireless communications carrier and provider of mobile workforce management solutions that increase the productivity of field-based workers and the efficiency of their dispatch and call center operations. pdvWireless has commenced launching private push-to-talk networks in major markets throughout the United States. Its patented and industry-validated SaaS technology improves team communication and field documentation across a wide array of industries, including transportation, distribution, construction, hospitality, waste management and field service. pdvWireless' Chairman, Brian McAuley and Vice Chairman, Morgan O'Brien, were the co-founders of Nextel Communications and have over 60 years of combined experience in two-way radio operations and FCC regulatory matters. pdvWireless is headquartered in Woodland Park, New Jersey.
Investor Relations Manager
Joele Frank, Wilkinson Brimmer Katcher
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pdvwireless-to-present-at-the-canaccord-genuity-growth-conference-300307065.htmlpdvWireless, Inc.
MOSCOW, August 1, 2016 /PRNewswire/ --
Mail.Ru Group has released Artisto, the world's first app that uses neural networks for editing short videos, processing them in the style of famous artworks or any other source image. The app is available on App Store and Google Play globally.
Artisto now processes 5-second videos and offers 14 filters to choose from. New filters are now being tested that will be added later on.
"Neural networks are booming right now, and we were also eager to test out stylization capabilities they provide. Considering that there are a few very neat solutions for redrawing photos, it was only logical to try our hand at video," says Anna Artamonova, Vice-President of Mail.Ru Group, Head of Email and Portal business unit. "We got the first result quite fast: the beta version was ready within a couple of weeks, and today the app is available for both the leading platforms on stores all over the world. We can already see that our experiment is successful: a number of big name brands and celebrities have shared the videos redrawn by Artisto on social networks. The most popular filters right now are BlueDream based on a Pablo Picasso painting, and In the Fire."
Sample video repainted by Artisto can be viewed here.
The app development team consists of machine learning experts from various departments of Mail.Ru Group. Almost all of Mail.Ru Group's products, including advertising, anti-spam system and search engine, use neural networks and machine learning technologies.
Neural networks are one of the hottest areas of artificial intelligence development. An artificial neural network is a mathematical model that tries to simulate a human neural network. Neural networks are used extensively in image recognition, data science, forecasting, and many more.
Mail.Ru Group is a leading Internet company in Europe and is the 1st largest Internet business globally, based on the average minutes per visitor (comScore, top 100 properties, April 2016, worldwide).
In line with the communitainment (communication plus entertainment) strategy, the Company is developing an integrated communications and entertainment platform. The Company owns Russia's leading email service and one of Russia's largest internet portals, Mail.Ru. The Company operates two of the major Russian language social networks, VKontakte (VK), Odnoklassniki (OK), and Russia's largest online games (including Warface, Armored Warfare, Skyforge and Perfect World). The Company's portfolio also includes Agent Mail.Ru and ICQ - two instant messaging services popular in Russia and CIS. In November 2013, The Company launched My.com in the US and later worldwide to provide communication and entertainment products and services for the global audience.Mail.Ru Group
SAN FRANCISCO, Aug. 1, 2016 /PRNewswire/ -- Today, R/GA Ventures and Westfield Labs announce the companies chosen for the Connected Commerce Accelerator. The products and services offered by the program participants showcase the broad range of possibilities for advancing the retail and commerce industries in the digital age - from messaging bots, to visual recognition, and connected experience technologies, to innovations in fulfillment, returns, and training.
Beginning today, all companies will have access to resources from R/GA and Westfield Labs for the duration of the program, as well as input and collaboration from program partners that are global leaders in the commerce space including Macy's, Shopify Plus, Bank of America Merchant Services, Verizon, and Walmart. The program will emphasize opportunities for business development, pilots, and partnerships, with the program partners and their networks, and will enable the companies to develop and launch new business models that will disrupt the status quo and reimagine the future of commerce.
Participating companies in the R/GA Connected Commerce Accelerator in partnership with Westfield Labs are:
1. Agent Q provides the AI to automate natural language user interactions through chatbots, product search, and customer service. 2. AxleHire provides same-day delivery services for e-commerce and brick-and-mortar retailers that demand reliability and exceptional customer service. 3. Clarifai understands every image and video with the world's best visual recognition technology. 4. Cordial enables retail and publisher brands to deliver highly personalized messages, while tracking digital behavior across connected devices, web, purchase events and signals for IoT. 5. Darkstore is an on-demand logistics platform that converts underutilized brick-and-mortar spaces into local fulfillment centers, allowing e-commerce brands to store inventory, have orders fulfilled, and connect to same-day delivery providers. 6. Happy Returns is a technology, logistics, and service company building a network of Return Bars where online shoppers can return items in-person for an immediate refund, eliminating the hassle and wait of returns by mail. 7. Myagi is an online training platform that makes it easy for retailers and brands to create, manage, deliver and measure customer service, product and sales training for their front line teams. 8. Oak believes the future of retail will be software-driven. Starting with an interactive fitting room mirror that enables customer requests, lighting changes, and checkout, Oak is building the ultimate intelligent store platform. 9. Percolata uses sensor and sales data in physical retail stores to optimize sales teams. 10. Reply.ai is an end-to-end solution to build, manage, optimize, and scale chatbots across all major messaging platforms.
The program will take place at the R/GA San Francisco office, concluding in late October 2016 with an invite-only investor and business development event where each startup will present to investors and industry leaders across the retail, commerce, and technology industries.
"The innovative technologies, services, and business models of the companies in the program position them to be leaders in determining the future of retail and commerce," said Stephen Plumlee, Managing Director, R/GA Ventures. "We are excited to work with each of the companies to help them build their businesses through access to R/GA's creative capital and client network as well as through the extensive expertise and networks from Westfield Labs and the other program partners."
"Westfield Labs is thrilled to participate in this program and to collaborate with the next generation of companies seeking to redefine the retail experience," said Kevin McKenzie, Global Chief Digital Officer, Westfield Corp. "We are committed to infusing digital into our physical shopping environments to create new consumer experiences and we are excited to support the ten companies selected who share in our vision for the future of retail. We look forward to working together to identify opportunities to provide some of the participants access to Westfield's scale and visitors by implementing their products and solutions in some of our centers, further accelerating their access to real time customer interactions and feedback."
The companies will also have an opportunity to join roundtable sessions with the program partners and third-party experts from around the globe to discuss cutting-edge innovations and share forward-looking research, creating a multi-dimensional conversation defining the future of commerce and helping to identify potential market opportunities.
R/GA will provide its award-winning business transformation, strategic marketing, branding, design, and technology services, as well as access to its network of industry partners, global brand leaders, mentors, and investors. The companies will also have access to the Westfield Labs team who are among the world's leading experts in the convergence of digital and physical shopping, and work in partnership with top global retailers to enhance the consumer experience.
For more information, please visit www.rgacommerce.com and follow @rgaventures.
R/GA, the company for the Connected Age, develops products, services and communications to grow our clients' brands and businesses. Founded in 1977, the agency has been a pioneer at the intersection of technology, design and marketing with work spanning web, mobile, and social communications, retail and e-commerce, product innovation, brand development and business consulting. R/GA has more than 2,000 employees globally with offices across the United States, Europe, South America, and Asia-Pacific and is part of The Interpublic Group of Companies , one of the world's largest advertising and marketing services organizations. R/GA Ventures was founded in 2013 and is a member of the GAN (gan.co), a network of the world's most respected accelerators and organizations in support of the startup ecosystem. For more information about R/GA, please visit www.rga.com, @rgaventures, and www.rgaaccelerator.com.
About Westfield Labs
Westfield Labs is an entity of Westfield Corporation and serves as a global digital lab focused on removing the friction from physical commerce. Westfield Labs is committed to transforming emerging ideas and technologies into viable businesses that move the retail industry forward. The team develops and pilots new technologies that converge the digital shopper with the physical world. Over time, new products, partnerships and services will be commercialized globally. For more information, visit www.WestfieldLabs.com. Follow Westfield Labs on Twitter here or on its blog.
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CONTACT: Daniel Diaz, firstname.lastname@example.org, 212-239-5544
Web site: http://rgacommerce.com/
SALT LAKE CITY, Aug. 1, 2016 /PRNewswire/ -- Instructure, Inc. , a leading software-as-a-service (SaaS) technology company that makes software that makes people smarter, today announced its financial results for the second quarter ended June 30, 2016.
"Our growth strategy is simple - increase our customer base, extend our relationships with existing customers, expand internationally and continue to extend our product offerings," said Josh Coates, CEO at Instructure. "In Q2, we successfully executed against this strategy and delivered 63% year-over-year top line growth while at the same time drove substantial margin improvements. Our continued innovation in delivering solutions that provide a new way for people to learn is fueling our business momentum and further driving long-term growth prospects for the company."
Second Quarter Financial Summary (in thousands, except per share data) Three Months Ended June 30 ------------- 2016 2015 ---- ---- Revenue $25,890 $15,877 ------- ------- Gross Margin GAAP 70.5% 65.2% Non-GAAP(1) 71.6% 65.6% ---- ---- Operating Loss GAAP $(14,516) $(13,273) Non-GAAP(1) $(12,069) $(12,513) -------- -------- Net loss GAAP $(14,590) $(13,966) Non-GAAP(1) $(12,143) $(12,535) -------- -------- EPS GAAP(2) $(0.53) $(2.21) Non-GAAP(1)(2) $(0.44) $(0.59)
(1) Non-GAAP financial measures exclude stock- based compensation, accrual or reversal of payroll taxes related to secondary stock purchase transactions, amortization of acquisition related intangibles, and the change in fair value of the warrant liability. (2) Q2 2016 and Q2 2015 GAAP share count was 27.6M and 6.3M, respectively, due to the conversion of redeemable convertible preferred shares into common stock, which occurred on the closing of Instructure's IPO on November 18, 2015. Non- GAAP share count assumes the conversion of the redeemable convertible preferred shares to common stock occurred at the beginning of the annual period.
Second Quarter 2016 Business Highlights
-- Instructure continued to grow its customer base in the second quarter. A few highlights include: -- Higher Education - Canvas was selected as the primary learning management system by Ohio State University and University of North Carolina at Charlotte. -- K-12 Schools - Canvas was chosen by the Broward County Public Schools in Florida with its more than 200,000 students, and the San Diego Unified School District which has 100,000 in its student body. -- International - Canvas was selected by the University of Wolverhampton in the UK, Oslo National Academy of Arts in Norway and Melbourne High School in Australia. -- Corporate - Bridge was chosen by Starz Entertainment because of its easy integration with their existing talent management system; Jet.com for the training of their 1,000 employees; by the Better Business Bureau to train employees across their more than 100 locations in the US and Canada and Yale School of Medicine for their employee training.
Today, Instructure issued financial guidance for the third quarter and full year 2016. The financial guidance discussed below is on a non-GAAP basis, except for revenues, and excludes stock-based compensation expense, reversal of payroll tax expense on secondary stock purchase transactions, amortization of acquisition related intangibles, and the change in fair value of the warrant liability (see table below which reconciles these non-GAAP financial measures to the related GAAP measures).
For the third quarter ending September 30, 2016, Instructure expects revenue of approximately $29.9 million to $30.5 million, a non-GAAP net loss of ($11.9) million to ($11.4) million, and non-GAAP net loss per share of ($0.42) to ($0.40).
For the full year ending December 31, 2016, Instructure expects revenue of approximately $110.8 million to $112 million, up from previously stated guidance of $108 million to $110 million, a non-GAAP net loss of ($49) million to ($47.5) million, up from ($52) million to ($50) million, and non-GAAP net loss per share of ($1.75) to ($1.70), up from ($1.87) to ($1.81).
Conference Call Details:
Instructure will discuss its second quarter 2016 results today, August 1, 2016, via teleconference at 3:00 p.m. Mountain Time / 5:00 p.m. Eastern Time. The call may be accessed at (877) 604-9673 or (719) 325-4750, passcode 4052315. A live webcast, as well as replay, of the conference call will be accessible at Instructure's investor relations website, http://ir.instructure.com.
Non-GAAP Financial Measures
In this release, Instructure's non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating loss, non-GAAP operating margin, non-GAAP net loss, and 12-month billings are not presented in accordance with GAAP and are not intended to be used in lieu of GAAP presentations of results of operations.
Management presents these non-GAAP financial measures because it considers them to be important supplemental measures of performance. Management uses the non-GAAP financial measures for planning purposes, including analysis of the company's performance against prior periods, the preparation of operating budgets and to determine appropriate levels of operating and capital investments. Management also believes that the non-GAAP financial measures provide additional insight for analysts and investors in evaluating the company's financial and operational performance. However, these non-GAAP financial measures have limitations as an analytical tool and are not intended to be an alternative to financial measures prepared in accordance with GAAP. We intend to provide these non-GAAP financial measures as part of our future earnings discussions and, therefore, the inclusion of these non-GAAP financial measures will provide consistency in our financial reporting. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures. A reconciliation of our non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release. Our definitions may differ from the definitions used by other companies and therefore comparability may be limited. In addition, other companies may not publish these or similar metrics.
These non-GAAP measures exclude stock-based compensation, payroll taxes related to secondary stock purchase transactions or the reversal of such expense due to the retirement of the liability, amortization of acquisition related intangibles, and the change in fair value of the warrant liability. We believe investors may want to exclude the effects of these items in order to compare our financial performance between time periods:
-- Stock-based compensation - Although stock-based compensation is an important aspect of the compensation of our employees and executives, management believes it is useful to exclude stock-based compensation in order to better understand the long-term performance of our core business. Unlike cash compensation, the value of equity awards is determined using a complex formula that incorporates factors, such as market volatility and forfeiture rates that are beyond our control. Stock-based compensation from the employee sale of securities to investors, prior to our IPO, at a price above the current fair market value was dependent on our fair value assumptions and other factors that were beyond our control. -- Accrual or reversal of payroll taxes related to secondary stock purchase transactions - In prior periods, operating expenses included employer payroll tax-related items on employee sales of securities to investors prior to our IPO. The amount of employer payroll tax-related items on these transactions was dependent on the fair market value of our stock. In the current period, operating expenses included the reversal of such payroll tax expense due to the reduction of the estimated liability. -- Amortization of acquisition related intangibles - Expense for the amortization of acquisition related intangibles is a non-cash item, and we believe that the exclusion of this expense provides for a useful comparison of our operating results to prior periods. -- Change in fair value of the warrant liability - Under GAAP, we are required to record mark-to-market adjustments for the change in fair value of the liability for warrants issued in connection with term debt and our credit facility. This expense or gain is excluded from management's assessment of our operating performance because management believes that these non-cash items are not indicative of ongoing operating performance.
This press release contains, and statements made during the above referenced conference call will contain, "forward-looking" statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's financial guidance for the third quarter of 2016 and full year 2016, the company's growth, customer demand and application adoption, the company's research and development efforts and future application releases, and the company's expectations regarding future revenue, expenses and net income or loss. These statements are not guarantees of future performance, but are based on management's expectations as of the date of this press release and assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements. Important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include the following: risks associated with anticipated growth in Instructure's addressable market; competitive factors, including changes in the competitive environment, pricing changes, sales cycle time and increased competition; Instructure's ability to build and expand its sales efforts; general economic and industry conditions; new application introductions and Instructure's ability to develop and deliver innovative applications and features; Instructure's ability to provide high-quality service and support offerings; risks associated with international operations; and macroeconomic conditions. These and other important risk factors are described more fully in the Quarterly Report for the quarter ended March 31, 2016, which was filed with the Securities and Exchange Commission (the "SEC") on May 6, 2016 and other documents filed with the SEC and could cause actual results to vary from expectations. All information provided in this release and in the conference call is as of the date hereof and Instructure undertakes no duty to update this information except as required by law.
Instructure, Inc. is a leading software-as-a-service (SaaS) technology company that makes software that makes people smarter. With a vision to help maximize the potential of people through technology, Instructure created Canvas and Bridge to enable organizations everywhere to easily develop, deliver and manage engaging face-to-face and online learning experiences. To date, Instructure has connected millions of instructors and learners at more than 2,000 educational institutions and corporations throughout the world. Learn more about Canvas for higher ed and K-12, and Bridge for the corporate market at www.Instructure.com.
The Blueshirt Group
VP, Global Communications
INSTRUCTURE, INC. CONSOLIDATED BALANCE SHEETS (in thousands) June 30, December 31, 2016 2015 ---- ---- (unaudited) Assets Current assets: Cash and cash equivalents $62,027 $90,471 Short term marketable securities - 325 Accounts receivable-net of allowances of $199 and $225 at June 30, 2016 and December 31, 2015, respectively 41,327 9,523 Prepaid expenses 4,983 5,010 Other current assets 583 614 --- --- Total current assets 108,920 105,943 Property and equipment, net 13,242 11,732 Goodwill 989 989 Intangible assets, net 576 444 Noncurrent prepaid expenses 785 749 Other assets 1,069 1,203 ----- ----- Total assets $125,581 $121,060 ======== ======== Liabilities and stockholders' equity Current liabilities: Accounts payable $3,816 $3,912 Accrued liabilities 10,428 8,852 Deferred rent 658 541 Deferred revenue 72,983 49,384 ------ ------ Total current liabilities 87,885 62,689 Deferred revenue, net of current portion 3,136 2,941 Deferred rent, net of current portion 8,721 9,078 Warrant liability 25 331 Other long term liabilities 65 402 --- --- Total liabilities 99,832 75,441 ------ ------ Commitments and contingencies Stockholders' equity: Common stock 3 4 Treasury stock - (1) Additional paid-in capital 196,976 188,517 Accumulated other comprehensive income - - Accumulated deficit (171,230) (142,901) -------- -------- Total stockholders' equity 25,749 45,619 ------ ------ Total liabilities and stockholders' equity $125,581 $121,060 ======== ========
INSTRUCTURE, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) (unaudited) Three Months Six Months Ended June 30, Ended June 30, -------------- -------------- 2016 2015 2016 2015 ---- ---- ---- ---- Revenue: Subscription and support $22,416 $13,347 $42,993 $25,948 Professional services and other 3,474 2,530 6,196 4,554 ----- ----- ----- ----- Total Net revenue 25,890 15,877 49,189 30,502 ------ ------ ------ ------ Cost of Revenue: Subscription and support 5,586 3,937 11,023 7,613 Professional services and other 2,049 1,595 3,961 2,830 ----- ----- ----- ----- Total cost of revenue 7,635 5,532 14,984 10,443 ----- ----- ------ ------ Gross profit 18,255 10,345 34,205 20,059 ------ ------ ------ ------ Operating expenses: Sales and marketing 18,038 14,050 34,201 25,131 Research and development 8,730 5,645 16,535 10,916 General and administrative 6,003 3,923 11,739 13,969 ----- ----- ------ ------ Total operating expenses 32,771 23,618 62,475 50,016 ------ ------ ------ ------ Loss from operations (14,516) (13,273) (28,270) (29,957) ------- ------- ------- ------- Other income (expense): Interest income 61 4 132 7 Interest expense (12) (22) (23) (44) Change in fair value of warrant liability - (39) 62 (527) Other income (expense), net (56) 10 (131) (109) --- --- ---- ---- Total other income (expense) (7) (47) 40 (673) --- --- --- ---- Loss before income taxes (14,523) (13,320) (28,230) (30,630) Income tax expense (67) (14) (99) (14) --- --- --- --- Net loss $(14,590) $(13,334) $(28,329) $(30,644) ======== ======== ======== ======== Deemed dividend to investors - (632) - (632) --- ---- --- ---- Net loss attributable to common stockholders $(14,590) $(13,966) $(28,329) $(31,276) ======== ======== ======== ======== Net loss per common share attributable to common stockholders, basic and diluted $(0.53) $(2.21) $(1.03) $(5.00) Weighted average shares used to compute net loss per share, basic and diluted 27,610 6,316 27,456 6,261
INSTRUCTURE, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) Three Months Six Months Ended June 30, Ended June 30, -------------- -------------- 2016 2015 2016 2015 ---- ---- ---- ---- Operating Activities: Net loss $(14,590) $(13,334) $(28,329) $(30,644) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation of property and equipment 974 613 1,886 1,136 Amortization of intangible assets 87 78 164 155 Amortization of deferred financing costs 11 17 23 32 Change in fair value of warrant liability - 39 (62) 527 Stock-based compensation 2,662 758 4,897 6,687 Other (75) 84 (47) 111 Changes in assets and liabilities: Accounts receivable, net (34,579) (23,302) (31,978) (20,167) Prepaid expenses and other assets (2) (1,863) 133 (2,451) Accounts payable and accrued liabilities 1,182 3,263 1,697 3,945 Deferred revenue 35,296 20,633 23,794 13,839 Deferred rent (205) 454 (240) 379 Other liabilities (303) (237) (330) (261) ---- ---- ---- ---- Net cash used in operating activities (9,542) (12,797) (28,392) (26,712) ------ ------- ------- ------- Investing Activities: Purchases of property and equipment (1,142) (2,212) (3,410) (3,139) Purchases of intangible assets (145) - (296) - Proceeds from disposal of property and equipment 10 9 18 18 Purchases of marketable securities - (1,153) - (1,153) Maturities of marketable securities - - 325 500 --- --- --- --- Net cash used in investing activities (1,277) (3,356) (3,363) (3,774) ------ ------ ------ ------ Financing Activities: Proceeds from exercise of redeemable convertible preferred stock warrants - - - 250 Proceeds from issuance of common stock from employee equity plans 3,188 46 3,311 111 Payments of line of credit financing costs - (32) - (32) Repayment of capital lease obligations - (76) - (150) --- --- --- ---- Net cash provided by financing activities 3,188 (62) 3,311 179 ----- --- ----- --- Net decrease in cash (7,631) (16,215) (28,444) (30,307) Cash, beginning of period 69,658 29,823 90,471 43,915 ------ ------ ------ ------ Cash, end of period $62,027 $13,608 $62,027 $13,608 ======= ======= ======= =======
INSTRUCTURE, INC. RECONCILIATION OF NON-GAAP GROSS MARGIN (in thousands, except percentages) (unaudited) Three Months Ended Six Months Ended June 30, June 30, -------- -------- 2016 2015 2016 2015 ---- ---- ---- ---- GAAP gross profit $18,255 $10,345 $34,205 $20,059 Stock-based compensation 273 67 466 115 --- --- --- --- Non-GAAP gross margin $18,528 $10,412 $34,671 $20,174 ======= ======= ======= ======= GAAP gross margin % 70.5% 65.2% 69.5% 65.8% Non-GAAP gross margin % 71.6% 65.6% 70.5% 66.1%
INSTRUCTURE, INC. RECONCILIATION OF NON-GAAP OPERATING LOSS (in thousands) (unaudited) Three Months Ended Six Months Ended June 30, June 30, -------- -------- 2016 2015 2016 2015 ---- ---- ---- ---- Loss from operations $(14,516) $(13,273) $(28,270) $(29,957) Stock-based compensation 2,662 758 4,897 6,687 Payroll tax expense on secondary stock purchase transactions - - - 1,327 Reversal of payroll tax expense on secondary stock purchase transactions (217) - (217) - Amortization of acquisition related intangibles 2 2 4 4 --- --- --- --- Non-GAAP operating loss $(12,069) $(12,513) $(23,586) $(21,939) ======== ======== ======== ======== GAAP operating margin -56% -84% -57% -98% Non-GAAP operating margin -47% -79% -48% -72%
INSTRUCTURE, INC. RECONCILIATION OF NON-GAAP NET LOSS (in thousands) (unaudited) Three Months Ended Six Months Ended June 30, June 30, -------- -------- 2016 2015 2016 2015 ---- ---- ---- ---- Net Loss $(14,590) $(13,334) $(28,329) $(30,644) Stock-based compensation 2,662 758 4,897 6,687 Payroll tax expense on secondary stock purchase transactions - - - 1,327 Reversal of payroll tax expense on secondary stock purchase transactions (217) - (217) - Amortization of acquisition related intangibles 2 2 4 4 Change in fair value of warrant liability - 39 (62) 527 --- --- --- --- Non-GAAP net loss $(12,143) $(12,535) $(23,707) $(22,099) ======== ======== ======== ======== Non-GAAP net loss per common share, basic and diluted $(0.44) $(0.59) $(0.86) $(1.04) Non-GAAP weighted average common shares used in computing basic and diluted net loss per common share(1) 27,610 21,293 27,456 21,238
(1) Non-GAAP weighted average common shares used in computing basic and diluted net loss per common share on a non-GAAP basis assumes that the redeemable convertible preferred shares that converted to common shares upon execution of our IPO were outstanding for the full year.
INSTRUCTURE, INC. RECONCILIATION OF NON-GAAP WEIGHTED AVERAGE SHARES OUTSTANDING (in thousands) (unaudited) Three Months Ended Six Months Ended June 30, June 30, -------- -------- 2016 2015 2016 2015 ---- ---- ---- ---- GAAP weighted average common shares, basic and diluted 27,610 6,316 27,456 6,261 Effect of redeemable convertible preferred stock conversion (assuming converted shares were outstanding for the full year) - 14,977 - 14,977 --- ------ --- ------ Non-GAAP weighted average common shares used in computing basic and diluted non-GAAP net loss per common share 27,610 21,293 27,456 21,238 ====== ====== ====== ======
INSTRUCTURE, INC. RECONCILIATION OF 12-MONTH BILLINGS (in thousands) (unaudited) Trailing Twelve Months Ended June 30, -------- 2016 2015 ---- ---- Total net revenue $91,880 $56,678 Current deferred revenue Beginning balance 42,978 29,483 Ending balance 72,983 42,978 ------ ------ Net change in current deferred revenue 30,005 13,495 Long term deferred revenue Beginning balance 2,815 2,559 Ending balance 3,136 2,815 ----- ----- Net change in long term deferred revenue 321 256 Total 12-month billings $122,206 $70,429 ======== =======
INSTRUCTURE, INC. RECONCILIATION OF NON-GAAP OPERATING EXPENSES Three Months Ended June 30, 2016 (in thousands) (unaudited) GAAP Stock-based Payroll Tax Amortization NON-GAAP Compensation Associated of acquired Expense with Equity intangibles Transactions ------------ Operating expenses: Sales and marketing $18,038 (789) 57 - $17,306 Research and development 8,730 (935) 57 (2) 7,850 General and administrative 6,003 (665) 103 - 5,441 ----- ---- --- --- ----- Total operating expenses $32,771 (2,389) 217 (2) $30,597 ------- ------ --- --- -------
INSTRUCTURE, INC. RECONCILIATION OF NON-GAAP OPERATING EXPENSES Three Months Ended June 30, 2015 (in thousands) (unaudited) GAAP Stock-based Payroll Tax Amortization NON-GAAP Compensation Associated of acquired Expense with Equity intangibles Transactions ------------ Operating expenses: Sales and marketing $14,050 (241) - - $13,809 Research and development 5,645 (287) - (2) 5,356 General and administrative 3,923 (163) - - 3,760 ----- ---- --- --- ----- Total operating expenses $23,618 (691) - (2) $22,925 ------- ---- --- --- -------
INSTRUCTURE, INC. RECONCILIATION OF NON-GAAP OPERATING EXPENSES Six Months Ended June 30, 2016 (in thousands) (unaudited) GAAP Stock-based Payroll Tax Amortization NON-GAAP Compensation Associated of acquired Expense with Equity intangibles Transactions ------------ Operating expenses: Sales and marketing $34,201 (1,444) 57 - $32,814 Research and development 16,535 (1,720) 57 (4) 14,868 General and administrative 11,739 (1,267) 103 - 10,575 ------ ------ --- --- ------ Total operating expenses $62,475 (4,431) 217 (4) $58,257 ------- ------ --- --- -------
INSTRUCTURE, INC. RECONCILIATION OF NON-GAAP OPERATING EXPENSES Six Months Ended June 30, 2015 (in thousands) (unaudited) GAAP Stock-based Payroll Tax Amortization NON-GAAP Compensation Associated of acquired Expense with Equity intangibles Transactions ------------ Operating expenses: Sales and marketing $25,131 (422) - - $24,709 Research and development 10,916 (527) - (4) 10,385 General and administrative 13,969 (5,623) (1,327) - 7,019 ------ ------ ------ --- ----- Total operating expenses $50,016 (6,572) (1,327) (4) $42,113 ------- ------ ------ --- -------
INSTRUCTURE, INC. RECONCILIATION OF NON-GAAP GUIDANCE - NET LOSS (in thousands) (unaudited) Three Months Ending Full Year Ending September 30, December 31, ------------- ------------ 2016 2016 2016 2016 ---- ---- ---- ---- LOW HIGH LOW HIGH Net loss $(14,623) $(14,123) $(59,287) $(57,787) Stock-based compensation 2,721 2,721 10,557 10,557 Reversal of payroll tax expense on secondary stock purchase transactions - - (217) (217) Amortization of acquisition related intangibles 2 2 9 9 Change in fair value of warrant liability - - (62) (62) --- --- --- --- Non-GAAP net loss $(11,900) $(11,400) $(49,000) $(47,500) ======== ======== ======== ========
INSTRUCTURE, INC. RECONCILIATION OF NON-GAAP GUIDANCE - NET LOSS PER COMMON SHARE (unaudited) Three Months Ending Full Year Ending September 30, December 31, ------------- ------------ 2016 2016 2016 2016 ---- ---- ---- ---- LOW HIGH LOW HIGH Net loss per common share $(0.52) $(0.50) $(2.12) $(2.07) Stock-based compensation 0.10 0.10 0.38 0.38 Reversal of payroll tax expense on secondary stock purchase transactions - - (0.01) (0.01) Amortization of acquisition related intangibles 0.00 0.00 0.00 0.00 Change in fair value of warrant liability - - (0.00) (0.00) --- --- ----- ----- Non-GAAP net loss per common share, basic and diluted $(0.42) $(0.40) $(1.75) $(1.70) ====== ====== ====== ====== Projected weighted average common shares used in computing basic and diluted net loss per common share 28,100 28,100 27,900 27,900
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NEW YORK, Aug. 1, 2016 /PRNewswire/ -- Microsoft Corp. has been selected by NBC Olympics, a division of the NBC Sports Group, to provide cloud encoding and hosting with video workflows for NBC Olympics' production of the Games of the XXXI Olympiad, which take place in Rio de Janeiro, Brazil, Aug. 5-21.
Microsoft Corp. will provide streaming service for NBCUniversal and NBCOlympics.com's record 4,500 hours of online content, making it easier for viewers to find relevant content and recommendations on any device.
This is the second Games for which NBC Olympics has chosen Microsoft Azure to assist with live and on-demand multiplatform streaming coverage. With the proliferation of connected devices, viewers this year will tune into NBC Olympics' programming from connected TVs, tablets, smartphones, PCs and more. NBC Olympics is making it easy for viewers to access news, highlights and programming wherever they are via the NBC Sports app available free on Android, iOS, Roku, Amazon, Windows 10 tablets, Xbox, Windows Phone, PC and Mac.
"We always strive to deliver more content in real time to more channels and devices around the world," said Scott Guthrie, executive vice president of the Cloud and Enterprise Group at Microsoft. "During the Sochi Olympic Games, NBC Olympics had more than 1 million concurrent live viewers watching a collective average of 600,000 hours of coverage per day. We are planning for even greater viewing numbers for Rio, and are excited to power the experience again using Microsoft Azure."
"The Rio Olympics have nearly three times as many events per day as the Sochi Games," said Rick Cordella, senior vice president and general manager, Digital Media, NBC Sports Group. "With the Azure cloud platform, Microsoft is partnering with us to deliver the secure, scalable cloud we depend on to bring the Games to millions of viewers on whichever device they prefer, via end-to-end live streaming entirely in the cloud."
Microsoft is also making it easy for viewers to be immersed in the Games. Bing will provide a schedule that offers daily updated Events to Watch. Outlook today debuted the new Interesting Outlook calendar functionality in Outlook.com and Outlook on the web for events starting with the Summer Games, enabling viewers to add their favorite events from the Olympics calendar to their schedule.
Microsoft has a broad partner ecosystem that extends its capabilities in the cloud. To deliver authenticated streaming coverage live and on-demand, Microsoft is working with Adobe Primetime Systems Inc., Adobe's multiscreen TV delivery and monetization platform, and its Primetime TV publishing and monetization platform, which is integrated as part of Azure so programmers can seamlessly deliver online video and ads to millions of viewers at scale.
About NBC Olympics
A division of the NBC Sports Group, NBC Olympics is responsible for producing, programming and promoting NBCUniversal's Olympic coverage. It is renowned for its unsurpassed Olympic heritage, award-winning production, and ability to aggregate the largest audiences in U.S. television history.
For more information on NBC Olympics coverage of the Rio Olympics, please visit: www.NBCOlympics.com/.
Microsoft (Nasdaq "MSFT" @microsoft) is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more.
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CHANGZHOU, China, Aug. 1, 2016 /PRNewswire/ -- Trina Solar Limited ("Trina Solar" or the "Company"), a global leader in photovoltaic modules, solutions, and services, today announced that it has entered into a definitive agreement and plan of merger (the "Merger Agreement") with Fortune Solar Holdings Limited ("Parent") and Red Viburnum Company Limited ("Merger Sub"), a wholly owned subsidiary of Parent, pursuant to which the Company will be acquired by an investor consortium in an all-cash transaction implying an equity value of the Company of approximately $1.1 billion.
Pursuant to the terms of the Merger Agreement, at the effective time of the merger, each ordinary share of the Company issued and outstanding immediately prior to the effective time of the merger (each a "Share") will be cancelled and cease to exist in exchange for the right to receive $0.232 in cash without interest, and each American depositary share (each an "ADS") of the Company, representing 50 Shares, will be cancelled in exchange for the right to receive $11.60 in cash without interest, except for (a) (i) Shares (including Shares represented by ADSs) owned by Mr. Jifan Gao, Chairman and Chief Executive Officer of the Company ("Mr. Gao") and certain of his affiliates, who will be rolled over in the transaction, (ii) Shares (including Shares represented by ADSs) owned by Parent, Merger Sub, the Company or any of their respective wholly-owned subsidiaries, and (iii) Shares (including Shares represented by ADSs) reserved but not yet allocated by the Company for settlement upon the exercise or vesting of any Company share awards, each of which will be cancelled and cease to exist without any conversion thereof or consideration paid therefor, and (b) Shares held by shareholders who have validly exercised and not effectively withdrawn or lost their rights to dissent from the merger pursuant to Section 238 of the Companies Law of the Cayman Islands (the "Dissenting Shares"), which will be cancelled and cease to exist in exchange for the right to receive the payment of fair value of the Dissenting Shares in accordance with Section 238 of the Companies Law of the Cayman Islands.
The merger consideration represents a premium of 21.5% to the closing price of the Company's ADSs on December 11, 2015, the last trading day prior to the Company's announcement of its receipt of a "going-private" proposal, a premium of 20.2% to the average closing price of the Company's ADSs during the 90 trading days prior to its receipt of a "going-private" proposal, and a premium of 40.6% to the closing price of the Company's ADSs on Friday, July 29, 2016, the last trading day prior to the this announcement.
The investor consortium comprises, among others, Mr. Gao, Shanghai Xingsheng Equity Investment & Management Co., Ltd., Shanghai Xingjing Investment Management Co., Ltd., Great Zhongou Asset Management (Shanghai) Co., Ltd., Liuan Xinshi Asset Management Co., Ltd. and/or their respective affiliates.
The Company's board of directors (the "Board"), acting upon the unanimous recommendation of a committee of independent and disinterested directors established by the Board (the "Special Committee"), approved the Merger Agreement and the merger and resolved to recommend that the Company's shareholders vote to authorize and approve the Merger Agreement and the merger. The Special Committee negotiated the terms of the Merger Agreement with the assistance of its financial and legal advisors.
The merger, which is currently expected to close during the the first quarter of 2017, is subject to customary closing conditions including the approval of the Merger Agreement by the affirmative vote of holders of Shares representing at least two-thirds of the voting power of the Shares present and voting in person or by proxy at a meeting of the Company's shareholders convened to consider the approval of the Merger Agreement and the merger. Mr. Gao and his affiliates have agreed to vote all of the Shares and ADSs they beneficially own, which represent approximately 5.5% of the voting rights attached to the outstanding Shares as of the date of the Merger Agreement, in favor of the authorization and approval of the Merger Agreement and the merger. If completed, the merger will result in the Company becoming a privately-owned company and its ADSs will no longer be listed on the New York Stock Exchange.
Citigroup Global Markets Inc. is serving as financial advisor to the Special Committee, and Kirkland & Ellis is serving as U.S. legal counsel to the Special Committee.
Duff & Phelps, LLC is serving as financial advisor to the investor consortium, and Skadden, Arps, Slate, Meagher & Flom LLP is serving as U.S. legal counsel to the investor consortium.
Additional Information about the Transaction
The Company will furnish to the U.S. Securities and Exchange Commission (the "SEC") a report on Form 6-K regarding the merger, which will include as an exhibit thereto the Merger Agreement. All parties desiring details regarding the merger are urged to review these documents, which will be available at the SEC's website (http://www.sec.gov).
In connection with the merger, the Company will prepare and mail a proxy statement to its shareholders. In addition, certain participants in the merger will prepare and mail to the Company's shareholders a Schedule 13E-3 transaction statement that will include the proxy statement. These documents will be filed with or furnished to the SEC. INVESTORS AND SHAREHOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THESE MATERIALS AND OTHER MATERIALS FILED WITH OR FURNISHED TO THE SEC WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE MERGER AND RELATED MATTERS. In addition to receiving the proxy statement and Schedule 13E-3 transaction statement by mail, shareholders also will be able to obtain these documents, as well as other filings containing information about the Company, the merger and related matters, without charge, from the SEC's website (http://www.sec.gov) or at the SEC's public reference room at 100 F Street, NE, Room 1580, Washington, D.C. 20549.
The Company and certain of its directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be "participants" in the solicitation of proxies from the Company's shareholders with respect to the merger. Information regarding the persons who may be considered "participants" in the solicitation of proxies will be set forth in the proxy statement and Schedule 13E-3 transaction statement relating to the merger when it is filed with the SEC. Additional information regarding the interests of such potential participants will be included in the proxy statement and Schedule 13E-3 transaction statement and the other relevant documents filed with or furnished to the SEC when they become available.
This announcement is neither a solicitation of a proxy, an offer to purchase nor a solicitation of an offer to sell any securities and it is not a substitute for any proxy statement or other filings that may be made with the SEC in connection with the merger.
About Trina Solar Limited
Trina Solar Limited is a global leader in photovoltaic ("PV") modules, solutions and services. Founded in 1997 as a PV system integrator, Trina Solar today drives smart energy together with installers, distributors, utilities and developers worldwide. The company's industry-leading position is based on innovation excellence, superior product quality, vertically integrated capabilities and environmental stewardship. For more information, please visit www.trinasolar.com.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, which may include but are not limited to, the Company's ability to raise additional capital to finance its activities; the effectiveness, profitability and marketability of its products; the future trading of the securities of the Company; the Company's ability to operate as a public company; the period of time for which the Company's current liquidity will enable the Company to fund its operations; general economic and business conditions; demand in various markets for solar products; the volatility of the Company's operating results and financial condition; the Company's ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company's filings with the SEC. Forward-looking statements can be identified by terminology such as "if," "will," "expected" and similar statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates. Risks, uncertainties and assumptions include: uncertainties as to how the Company's shareholders will vote at the meeting of shareholders; the possibility that competing offers will be made; the possibility that financing may not be available; the possibility that various closing conditions for the transaction may not be satisfied or waived; and other risks and uncertainties discussed in documents filed with the SEC by the Company, as well as the Schedule 13E-3 transaction statement and the proxy statement to be filed by the Company. You should not rely upon these forward-looking statements as predictions of future events. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
For investor and media inquiries, please contact:
Trina Solar Limited Christensen IR
Yvonne Young Linda Bergkamp
Email: email@example.com Phone: +1 480 614 3014 (US)
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COLORADO SPRINGS, Colo., Aug. 1, 2016 /PRNewswire/ -- Ensuring the Ballistic Missile Defense System operates as a unified, secure network amid emerging threats is the mission of the Command, Control, Battle Management and Communications (C2BMC) team led by Lockheed Martin . Missile Defense Agency Director Vice Adm. James D. Syring recently recognized the team's exceptional commitment and advancements with the 2016 Ronald Reagan Missile Defense technology achievement award during a ceremony at Fort Belvoir, Virginia.
The cornerstone of the U.S. Ballistic Missile Defense System, C2BMC connects autonomous sensors, weapon systems, and fire control to create a global network capable of intercepting and destroying missiles during any phase of flight. The MDA recognized the C2BMC team for developing "game changing" software algorithms that enable the Ballistic Missile Defense System to better track missiles, better distinguish between targets and non-targets and ensure the most efficient use of interceptors during missile defense engagements.
"Our entire team is honored by the recognition from MDA. The award is validation of the partnership that the C2BMC team has with MDA and the warfighters," said Dr. Rob Smith, vice president of C4ISR for Lockheed Martin. "Evolving missile threats put increased pressure on every individual sensor and weapon system in the Ballistic Missile Defense System. C2BMC integrates the best target data from each element to enable warfighters to expand the defended area with greater intercept confidence."
C2BMC collects and integrates tracking and status data from disparate Ballistic Missile Defense System elements so that commanders at various locations have the same integrated operating picture and can make coordinated decisions about deploying weapons. This allows central commanders to select the most effective weapons to engage threat ballistic missiles.
C2BMC is fielded in 33 locations, including U.S. Strategic, Northern, European, Pacific, and Central Commands. The system operates 24/7 over 17 time zones and is supported by more than 48,000 miles of Defense Information Systems Agency communication lines.
As a proven world leader in systems integration and development of air and missile defense systems and technologies, Lockheed Martin delivers high-quality missile defense solutions that protect citizens, critical assets and deployed forces from current and future threats. The company's experience spans missile design and production, hit-to-kill capabilities, infrared seekers, command and control/battle management, and communications, precision pointing and tracking optics, radar and signal processing, as well as threat-representative targets for missile defense tests.
For additional information, visit www.lockheedmartin.com/c4isr.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 125,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
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SUNNYVALE, Calif., Aug. 1, 2016 /PRNewswire/ -- Trimble announced today the acquisition of AXIO-NET GmbH from Airbus Defence and Space. Based in Hannover, Germany, AXIO-NET is a prominent provider of Global Navigation Satellite System (GNSS) corrections and professional data services serving Germany, the United Kingdom and Benelux. Financial terms of the transaction were not disclosed.
AXIO-NET, founded in 2008, delivers both real-time and post-processed network Real Time Kinematic (RTK) solutions to a broad range of users including surveyors, GIS professionals and farmers. In addition to traditional correction services, AXIO-NET performs a variety of data-based professional services for the geospatial market, including coordinate transformation services as well as network set-up, configuration and operations consulting.
"Our philosophies are highly complementary and together, we will extend Trimble's position as a global leader of GNSS corrections," said Patricia Boothe, general manager of Trimble's Advanced Positioning Division. "We are committed to supporting AXIO-NET's brand-agnostic position, while we leverage their experience with professional services, not only in traditional markets such as geospatial and agriculture, but in emerging high-accuracy GNSS markets such as automotive."
About AXIO-NET GmbH
AXIO-NET provides reference networked services delivering highly accurate, satellite-based positioning and navigation information. The portfolio offers GNSS correction data for a number of different industry applications including: survey, construction, agriculture and automotive. AXIO-NET also supports the design, implementation and operation of local reference networks. For more information about AXIO-NET, visit: www.axio-net.eu.
Trimble is transforming the way the world works by delivering products and services that connect the physical and digital worlds. Core technologies in positioning, modeling, connectivity and data analytics enable customers to improve productivity, quality, safety and sustainability. From purpose built products to enterprise lifecycle solutions, Trimble software, hardware and services are transforming a broad range of industries such as agriculture, construction, geospatial and transportation and logistics. For more information about Trimble , visit: www.trimble.com.
This press release contains forward-looking statements regarding the operations and prospects of Trimble and its acquisition of AXIO-NET. These forward-looking statements are subject to change, and actual results may materially differ due to certain risks and uncertainties. Factors that could cause or contribute to changes in such forward-looking statements include, but are not limited to (i) realizing the anticipated benefits of the acquisition, (ii) Trimble's ability to maintain and extend its position in GNSS corrections through the acquisition, and (iii) the risks and uncertainties associated with unexpected expenditures or assumed liabilities that may be incurred as a result of the acquisition. More information about potential factors which could affect Trimble's business and financial results is set forth in reports filed with the SEC, including Trimble's quarterly reports on Form 10-Q and its annual report on Form 10-K. All forward looking statements are based on information available to Trimble as of the date hereof, and Trimble assumes no obligation to update such statements.
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NEW YORK and PARIS, Aug. 1, 2016 /PRNewswire/ -- Wendel SE (MF.PA), a global listed investment firm, today announced that its portfolio company AlliedBarton Security Services has completed its merger with Universal Services of America, creating the leading security company in North America.
The combined company being launched today, which operates under the Allied Universal brand, provides clients localized response and national support with industry-leading technology solutions and approximately 140,000 highly-trained employees. Allied Universal will maintain headquarters in Santa Ana, Calif., and Conshohocken, Pa. It is expected to have total annual revenues of approximately $4.5 billion and adjusted pro forma synergized EBITDA of approximately $440 million including approximately $100 million synergies.
Steve Jones, formerly Chief Executive Officer of Universal Services of America, is the CEO of Allied Universal and Bill Whitmore, former CEO of AlliedBarton, is the company's Chairman of the Board. AlliedBarton Security Services was a portfolio company of Wendel, and Universal Services of America was a portfolio company of Warburg Pincus and Partners Group. Following completion of the transaction, in exchange for its contribution of its shareholding in AlliedBarton Security Services, Wendel SE received approximately 33% of the shares of Allied Universal and a cash payment of $388 million.
Warburg Pincus and Wendel are lead investors in the combined entity with equal voting rights and three board members each. The remainder of the share capital is split between management and other investors.
Wendel acquired AlliedBarton Security Services in December 2015 for approximately $1.68 billion. As part of the transaction, Wendel made an equity investment of approximately $687 million, for an approximate 95% ownership in the company, alongside AlliedBarton's management team.
"Allied Universal is the coming together of two industry leaders, and the combining of best practices, leadership and expertise is an opportunity to provide even greater support to our clients and employees," said Steve Jones, CEO, Allied Universal. "Our shared commitment to the success of our clients and the development of lasting partnerships has created a seamless melding of purpose and cultures."
"Allied Universal is poised to make an even more significant contribution to the advancement of the security and facility services industries," Jones added.
"The growth of this industry and the expanding need for safer and more secure environments in response to emerging threats is tremendous," said Bill Whitmore, Chairman of the Board, Allied Universal. "Through the continuous evolution of our business, we are positioned to help our clients succeed. Allied Universal combines high quality people and technology to deliver customized solutions to meet clients' specific needs."
Frederic Lemoine, Chairman of Wendel's Executive Board, said, "Wendel is very proud to have this opportunity to have led AlliedBarton Security Services into this transformational merger. This transaction offers great profitable growth prospects. Allied Universal will benefit from the resilience specific to the security industry combined with an improved profitability profile resulting from the synergies. Our investment thesis for AlliedBarton Security Services has been based from the outset on our view that the US security services market is consolidating. Only nine months after our initial investment, we are pleased that our analysis has been validated, with a major transaction creating one of the largest companies in our Group. Bill and Steve are among America's most talented entrepreneurs in the industry. We are eager to work with them and their staff, at a time when threats to security are omnipresent, to develop the North American leader in security services."
Along with Allied Universal Security Services, additional company service lines include Allied Universal Security Systems, Allied Universal Building Maintenance Services and Allied Universal Staffing Services.
About Allied Universal
Allied Universal, a leading facility services company and the largest security force in North America with over 140,000 employees, provides unparalleled security services and solutions. With headquarters in Santa Ana, Calif., and Conshohocken, Pa., Allied Universal combines people and technology to deliver evolving, tailored solutions that allow our clients to focus on their core business. An unrelenting focus on clients' success creates partnerships rooted in quality and value, and is supported by experience gained from being in business for over 50 years. Through our people and leading services, systems and solutions...Allied Universal is there for you. For more information, please visit www.AUS.com.
Wendel is one of Europe's leading listed investment firms. The Group invests internationally, in companies that are leaders in their field, such as Bureau Veritas, Saint-Gobain, Cromology, Stahl, IHS, Constantia Flexibles and AlliedBarton Security Services. Wendel plays an active role as industry shareholder in these companies. It implements long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions. Through Oranje-Nassau Developpement, which brings together opportunities for investment in growth, diversification and innovation, Wendel is also a shareholder of exceet in Germany, Mecatherm and in France, Nippon Oil Pump in Japan, Saham Group and SGI Africa in Africa and CSP Technologies in the United States.
Wendel is listed on Eurolist by Euronext Paris.
Standard & Poor's ratings: Long-term: Long-term: BBB-, stable outlook - Short-term: A-3 since July 7, 2014. Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of "Grand Mecene de la Culture" in 2012.
For more information: www.wendelgroup.com
Follow us on Twitter @WendelGroup and @_FLemoine_
H1 2016 earnings / Publication of NAV (pre-market release)
By conference call
2016 Investor Day / publication of NAV and trading update (pre-market release)
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ATLANTA, Aug. 1, 2016 /PRNewswire/ -- Comcast Business today announced it is building a new multi-site enterprise network for the Atlanta Braves that will connect the Braves' front offices at SunTrust Park with minor league team operations in Georgia and Virginia.
"More than ever, we needed a communications infrastructure across multiple sites that would give us fast, reliable communications and more than enough capacity to accommodate a host of emerging technology applications," said Atlanta Braves President of Development Mike Plant. "This is exactly the sort of technology investment that can ultimately translate into a competitive advantage for us on the field, and a great experience for fans."
The agreement calls for Comcast Business to provide two 100 Gigabit-per-second (Gbps) Ethernet lines into the Braves' new ballpark, which is slated for completion in 2017. This Ethernet Network Service solution will connect the Braves' new front offices at SunTrust Park to the club's minor league teams in Rome and Gwinnett County, Georgia and in Danville, Virginia, as well as a sales location at CNN Center in downtown Atlanta. Comcast Business will also support phone services at the Braves' SunTrust Park offices.
High-performance Ethernet Private Line service will enable the Braves to share business-critical data over a dedicated, private circuit infrastructure. This five-site Ethernet Network Service solution will support speeds between 20 Mbps and 200 Mbps to facilitate communications between the front office and the minor league teams.
When completed, the network operated by Comcast Business will be one of the largest stadium and mixed-use development installations in the country with exceptional capacity driven by the two 100 Gbps Ethernet lines, and will support more than 700 Wi-Fi access points throughout the mixed-use complex.
"The speed and capacity of Comcast's fiber network not only supports the growing sophistication of the Braves organization, but also establishes SunTrust Park as the most technologically advanced stadium in the country," said Comcast Regional SVP Doug Guthrie.
In March 2015, the Braves and Comcast announced a multi-year technology and real estate partnership that will deliver multi-terabit network capabilities to SunTrust Park and the surrounding community, making it the most technologically advanced mixed-use development in the U.S.
Comcast will provide video, voice and high-speed Internet connectivity throughout the 60-acre project, which includes the new ballpark, retail shops, restaurants, an office tower, hotel, an entertainment venue and residential units. The development's all-fiber network will be capable of delivering multi-gigabit speeds throughout the complex on game days and every day in between. Comcast will also become the Braves' signature tenant in a multi-story office building within the development that will house more than 1,000 Comcast Employees.
About Comcast Corporation:
Comcast Corporation is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is one of the nation's largest video, high-speed Internet and phone providers to residential customers under the XFINITY brand and also provides these services to businesses. NBCUniversal operates news, entertainment and sports cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks and Resorts. Visit www.comcastcorporation.com for more information.
About Comcast Cable:
Comcast Cable is one of the nation's largest video, high-speed Internet and phone providers to residential customers under the XFINITY brand and also provides these services to businesses. Comcast has invested in technology to build an advanced network that delivers among the fastest broadband speeds, and brings customers personalized video, communications and home management offerings. Comcast Corporation is a global media and technology company. Visit www.comcastcorporation.com for more information.
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/atlanta-braves-sign-comcast-business-to-build-a-new-enterprise-network-connecting-suntrust-park-with-minor-league-sites-in-georgia-and-virginia-300306870.htmlPhoto: https://photos.prnewswire.com/prnh/20160801/394486
CONTACT: Alex Horwitz, Comcast, 770-557-5834,
Web site: https://business.comcast.com/
PORT WASHINGTON, N.Y., Aug. 1, 2016 /PRNewswire/ -- Systemax Inc. today announced that it will release financial results for the second quarter ended June 30, 2016 on Tuesday, August 2, 2016 after U.S. market hours.
Management will provide pre-recorded remarks on the Company's second quarter 2016 results at 5:00 p.m. Eastern Time on August 2nd. To access the remarks please dial (412) 717-9224 ten minutes prior to the start time. The pre-recorded remarks will also be available via webcast on the Company's website at www.systemax.com in the investor relations section.
If you cannot listen to the call at its scheduled time, the webcast will be archived on www.systemax.com for approximately 90 days.
About Systemax Inc.
Systemax Inc. (www.systemax.com), a Fortune 1000 company, sells industrial and technology products through a system of branded e-Commerce websites, and relationship marketers in North America and Europe. The primary brands are Global Industrial, C&H, MISCO and Inmac Wstore.
Mike Smargiassi / Nancy Zakhary
Brainerd Communicators, Inc.
firstname.lastname@example.org / email@example.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/systemax-inc-to-report-second-quarter-2016-results-on-august-2-2016-300306900.htmlSystemax Inc.
Web site: http://www.systemax.com/
SEATTLE, Aug. 1, 2016 /PRNewswire/ -- CenturyLink, Inc. today announced that it has secured an endorsement agreement with Luke Willson, a tight end for the Seattle Seahawks.
As part of the agreement, Willson will appear in local television and radio commercials as well as in online, print and social media promotions. The campaign, focused on the theme "Home Team, Home Connection," will highlight CenturyLink's interactive TV service, Prism((R)) TV, in Seattle. CenturyLink Prism TV http://www.centurylinkquote.com/prism-tv is an interactive TV service delivered through CenturyLink's fiber optic network. Prism TV is an alternative to cable and satellite services, providing customers with advanced features and the latest in entertainment technology.
"I couldn't be more excited to join forces with CenturyLink to create excitement with our fans for our upcoming Seattle Seahawks season," said Willson.
Willson was drafted by the Seahawks in 2013. He set career highs with 22 receptions, 362 yards, three touchdowns and an 80-yard touchdown reception in 2014. Willson started seven of 14 games played in 2015, recording 17 receptions for 213 yards and one touchdown. He is in his fourth season with the Seattle Seahawks.
"Luke Willson is a fan favorite and we're very excited to have him on board to help promote our Prism TV service offering as well as build momentum for the upcoming Seattle Seahawks season," said Sue Anderson, CenturyLink's vice president of operations for Washington. "We are pleased to partner with him and help elevate the fan experience as well as further promote our community programs such as the CenturyLink High School Athlete of the Week."
The CenturyLink High School Athlete of the Week program, presented in partnership with the Seattle Seahawks, will launch in September. Each week, the Seahawks and CenturyLink will feature a Washington state high school sports athlete, recognizing him or her for outstanding performance both on and off the field.
More about Prism TV
Advanced features offered by Prism TV include a wireless set-top box, whole-home DVR, a mobile app for watching programming at home or on the go, an extensive video on demand library and an app center for accessing social network sites. In addition, Prism TV offers a large selection of sports programming packages, including channels like the NFL Network, Pac-12 Network, Fox Sports North and SEC Network, as well as premium mobile content from HBO GO((R)), MAX GO((R)), STARZ Play and SHOWTIME Anytime((R)).
Customers who want to learn more about Prism TV can visit one of the Puget Sound area retail stores, including the Seattle location, just off 85(th) in the Greenwood neighborhood, or in Bellevue on NE 10(th) St. Customers also can visit www.seeprismtv.com.
CenturyLink is a global communications, hosting, cloud and IT services company enabling millions of customers to transform their businesses and their lives through innovative technology solutions. CenturyLink offers network and data systems management, Big Data analytics and IT consulting, and operates more than 55 data centers in North America, Europe and Asia. The company provides broadband, voice, video, data and managed services over a robust 250,000-route-mile U.S. fiber network and a 300,000-route-mile international transport network. Visit CenturyLink for more information.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/seattle-seahawks-tight-end-luke-willson-signs-endorsement-deal-with-centurylink-300306632.htmlCenturyLink, Inc.
CONTACT: Caitlin Birkenbuel, 206-733-8512,
Web site: http://www.centurylink.com/
LANDOVER, Md., Aug. 1, 2016 /PRNewswire/ -- 2U, Inc. , today announced that CFO Cathy Graham will present at the 18th Annual Pacific Crest Global Technology Leadership Forum on August 8, 2016. 2U is a leading provider of cloud-based software-as-a-service technology fused with technology-enabled services that enables leading nonprofit colleges and universities to deliver high-quality degree programs online.
Graham will present on Monday, August 8 at 3 p.m. Mountain Daylight Time (MDT) at the Sonnenalp Resort in Vail, Colorado. A live webcast of the presentation will be available at investor.2u.com. An archive of the webcast also will be available for 90 days following the live presentation.
About 2U, Inc.
2U partners with leading colleges and universities to deliver the world's best online degree programs so students everywhere can reach their full potential. Our Platform, a fusion of cloud-based software-as-a-service technology and technology-enabled services, provides schools with the comprehensive operating infrastructure they need to attract, enroll, educate, support and graduate students globally. Blending live face-to-face classes, dynamic course content and real-world learning experiences, 2U's No Back Row(R) approach ensures that every qualified student can experience the highest quality university education for the most successful outcome. To learn more, go to 2U.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/2u-cfo-cathy-graham-to-present-at-18th-annual-pacific-crest-global-technology-leadership-forum-300306722.html2U, Inc.
Web site: http://www.2U.com/
WATERLOO, Ontario, Aug. 1, 2016 /PRNewswire/ -- OpenText(TM) , a global leader in Enterprise Information Management (EIM), today announced that it has substantially completed the closing of the previously announced acquisition of the Customer Communications Management (CCM) assets from HP Inc. .
OpenText is the largest independent software provider of Enterprise Information Management (EIM). For more information please visit www.opentext.com.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors, which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Copyright (C)2016 Open Text. OpenText is a trademark or registered trademark of Open Text. The list of trademarks is not exhaustive of other trademarks. Registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text. For more information, visit: http://www.opentext.com/who-we-are/copyright-information.
Notes: (1) All dollar amounts in this press release are in US dollars unless otherwise indicated.
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/opentext-substantially-completes-acquisition-of-customer-communications-management-and-other-assets-of-hp-inc-300306788.htmlPhoto: http://photos.prnewswire.com/prnh/20130730/CL55531LOGO Open Text Corporation
CONTACT: Further information: Greg Secord , Vice President, Investor
Relations, Open Text Corporation , San Mateo, CA: (415) 963-0825,
firstname.lastname@example.org; Kasey Holman, Vice President, Corporate & Brand
Marketing , Open Text Corporation , San Mateo, CA: (650) 302-4191 ,
Web site: http://www.OpenText.com/
DENVER, Aug. 1, 2016 /PRNewswire/ -- CenturyLink, Inc. today announced that it has secured an endorsement agreement with Brandon Marshall, a linebacker for the Denver Broncos.
As part of the agreement, Marshall will appear in local television and radio commercials as well as in online, print and social media promotions. The campaign, focused on the theme "Home Team, Home Connection," will highlight CenturyLink's interactive TV service, Prism((R)) TV, in Denver. CenturyLink Prism TV http://www.centurylinkquote.com/prism-tv is an interactive TV service delivered through CenturyLink's fiber optic network. Prism TV is an alternative to cable and satellite services, providing customers with advanced features and the latest in entertainment technology.
"I couldn't be more excited to join forces with CenturyLink to create excitement with our fans for our upcoming Denver Broncos season," said Marshall.
Marshall is a fifth-year linebacker who played 36 career regular-season games (29 starts) and seven playoff contests (four starts) during his first four NFL seasons with Jacksonville (2012) and Denver (2013-15). He finished second on the Broncos with 101 tackles (76 solo) in 2015 in addition to tallying one and a half sacks, one interception, four passes defensed and two forced fumbles. Marshall is in his fourth season with the Broncos.
"Brandon Marshall is a fan favorite and we're very excited to have him on board to help promote our Prism TV service as well as build momentum for the upcoming Denver Broncos season," said CenturyLink Mountain West Region President Terry Beeler.
Advanced features offered by Prism TV include a wireless set-top box, whole-home DVR, a mobile app for watching programming at home or on the go, an extensive video-on-demand library and an app center for accessing social network sites. In addition, Prism TV offers a large selection of sports programming packages, including channels like the NFL Network, Pac-12 Network, Fox Sports North and SEC Network, as well as premium mobile content from HBO GO((R)), MAX GO((R)), STARZ Play and SHOWTIME Anytime((R)).
Customers who want to learn more about Prism TV or to see if it is available in their area should visit www.seeprismtv.com.
CenturyLink is a global communications, hosting, cloud and IT services company enabling millions of customers to transform their businesses and their lives through innovative technology solutions. CenturyLink offers network and data systems management, Big Data analytics and IT consulting, and operates more than 55 data centers in North America, Europe and Asia. The company provides broadband, voice, video, data and managed services over a robust 250,000-route-mile U.S. fiber network and a 300,000-route-mile international transport network. Visit CenturyLink for more information.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/denver-broncos-linebacker-brandon-marshall-signs-endorsement-deal-with-centurylink-300306631.htmlCenturyLink, Inc.
CONTACT: Karen Parry, 602-716-3441, email@example.com
Web site: http://www.centurylink.com/
ZEPHYR COVE, Nev., Aug. 1, 2016 /PRNewswire/ -- VirnetX(TM) Holding Corporation , an Internet security software and technology company, announced today that on July 29, 2016, the United States District Court for the Eastern District of Texas, Tyler Division, issued a new order in the Company's pending litigation, Case No. 6:10-cv-417 ("Apple I") and, Case No. 6:12-cv-855 ("Apple II"), against Apple Inc., vacating it's previous order consolidating the two cases and ordering the parties to retry them as separate cases. According to the order, Apple I is now scheduled for Jury selection on September 26, 2016, unless the parties agree otherwise on an alternative date, and Apple II will now be retried after Apple I. The issue of willfulness in each case has been bifurcated and will be tried separately after each trial.
"We are disappointed by the Court's decision to vacate its prior ruling on consolidation and ordering the parties to retry the cases as two separate matters," said Kendall Larsen, VirnetX CEO and President. "We are reviewing all our options and will follow the Court's direction as we start preparing for these retrials. We are confident that we have the resources required for these retrials. We trust that the jury will again make the right decision in the retrials."
VirnetX has two currently-pending patent infringement lawsuits against Apple Inc., in United States Court for the Eastern District of Texas, Tyler Division. The Apple I case includes unresolved remanded issues related to (1) damages owed to VirnetX for infringement by Apple's original VPN-on-Demand (VOD) and (2) the alleged infringement, damages and willfulness of Apple's original FaceTime product. The Apple II case covers issues of alleged infringement, damages and willfulness by Apple's redesigned VOD in iOS 7 and 8, the redesigned FaceTime in iOS 7 and 8 and OS X 10.9 and 10.10 and iMessage.
VirnetX Holding Corporation is an Internet security software and technology company with patented technology for secure communications including 4G LTE security. The Company's software and technology solutions, including its secure domain name registry and Gabriel Connection Technology(TM), are designed to facilitate secure communications and to create a secure environment for real-time communication applications such as instant messaging, VoIP, smart phones, eReaders and video conferencing. The Company's patent portfolio includes over 115 U.S. and international patents and over 50 pending applications. For more information, please visit www.virnetx.com
Forward Looking Statements
Statements in this press release that are not statements of historical or current fact, including statements regarding the strength of VirnetX's intellectual property, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on expectations, estimates and projections about the markets in which the Company operates, management's beliefs, and certain assumptions made by management and involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements, including but not limited to (1) the outcome of any legal proceedings that have been or may be initiated by the Company or that may be initiated against the Company; including pending and future inter-partes review proceedings in the Patent and Trademark Office; (2) the ability to capitalize on the Company's patent portfolio and generate licensing fees and revenues; (3) the ability of the Company to be successful in entering into licensing relationships with its targeted customers on commercially acceptable terms; (4) potential challenges to the validity of the Company's patents underlying its licensing opportunities; (5) the ability of the Company to achieve widespread customer adoption of the Company's Gabriel Communication Technology(TM) and its secure domain name registry; (6) the level of adoption of the 3GPP Series 33 security specifications; (7) whether or not the Company's patents or patent applications may be determined to be or become essential to any standards or specifications in the 3GPP LTE, SAE project or otherwise; (8) the extent to which specifications relating to any of the Company's patents or patent applications may be adopted as a final standard, if at all; and (9) the possibility that Company may be adversely affected by other economic, business, and/or competitive factors. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates," or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission, including those under the heading "Risk Factors" in Company's Quarterly Report on Form 10-Q filed with the SEC on May 10, 2016. Many of the factors that will determine the outcome of the subject matter of this press release are beyond the Company's ability to control or predict. Except as required by law, the Company is under no duty to update any of the forward-looking statements after the date of this press release to conform to actual results.
VirnetX Holding Corporation
VirnetX, Gabriel Collaboration Suite, Gabriel Secure Communications Platform and GABRIEL Connection Technology are trademarks of VirnetX Holding Corporation. Other company and product names may be trademarks of their respective owners.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/court-issues-new-order-in-virnetx--apple-lawsuit-300306692.htmlVirnetX Holding Corporation
Web site: http://www.virnetx.com/