Companies news of 2017-01-09 (page 1)

  • Salesforce CFO and Executive Vice President to Participate in Upcoming Investor...
  • Vapor Corp. Announces Extension of Cash Tender Offer to Purchase Outstanding Series A...
  • S&P Global Finalizes Sale of QuantHouseDeal announced on January 4th is now closed
  • VOXX International Corporation Reports Its Fiscal 2017 Third Quarter and Nine-Month...
  • DATATRAK Certifies As Early Adopter of New EU-U.S. Privacy Shield FrameworkDATATRAK's...
  • Texas Instruments to webcast 4Q16 and 2016 earnings conference call
  • SiTime's Elite Platform MEMS Super-TCXOs Named Product of the Year by Electronic Products...
  • Barracuda Reports Third Quarter Fiscal 2017 Results- Q3 total revenue grew 11%...
  • MTS Announces the Appointment of Ms. Maximiliane Straub to the Board of Directors
  • Digi International Acquires SMART Temps
  • Jeffrey O. Nyweide Named as CEO and President of WidePoint Corporation
  • Voting now open: help students win $15,000 and the chance to bring their app ideas to life...
  • NRS Achieves Success Helping Independent Retailers CompeteOver 1700 POS Terminals Deployed...
  • Cardpool Makes it Easier to Buy and Sell Gift Cards
  • QIAGEN Enhances Bioinformatics Portfolio with Acquisition of OmicSoftPowerful multi-omics...
  • Coherent, Inc. to Present at the 19th Annual Needham Growth Conference
  • IBM and Illumina Partner to Standardize Genomic Data InterpretationData interpretation...
  • Soul and Vibe Announces The Retirement Of A Convertible Note
  • IBM Inventors Receive Record-Breaking 8,000+ U.S. Patents in 2016IBMers received 2,700+...
  • Air Products to Expand Nitrogen Capacity in Korea's Pyeongtaek City to Support Increasing...
  • Diebold Nixdorf Unveils World's Smallest Self-Checkout Concept To Drive Future Of...
  • Philips and Illumina join forces to offer integrated genomics solutions for...
  • Intergraph Government Solutions Announces Corporate Name Change to Hexagon US...
  • CenturyLink acquires SEAL Consulting to further expand IT services and integrated...
  • FICO Joins EU-U.S. Privacy Shield Program to Protect Clients' Data
  • HotelREZ Hotels & Resorts adopts Sabre's hospitality solutions to provide customers with...
  • AbbVie, Genomics Medicine Ireland and WuXi NextCODE Announce Landmark Population Genomics...
  • Honeywell Names Que Thanh Dallara As Vice President, Commercial Excellence And...
  • Cadence Announces Availability of Industry-First Bluetooth 5 Verification IP



    Salesforce CFO and Executive Vice President to Participate in Upcoming Investor EventsMeetings to be audiocast live on Salesforce's investor relations website

    SAN FRANCISCO, Jan. 9, 2017 /PRNewswire/ -- Salesforce , the Customer Success Platform and world's #1 CRM company, today announced that Mark Hawkins, Chief Financial Officer and Executive Vice President, will participate in the following meetings hosted by J.P. Morgan Securities in London, England.

    --  Wednesday, Jan. 11, 2017: Group investor meeting at 4:30 a.m. (PST) /
    12:30 p.m. (GMT).
    --  Thursday, Jan. 12, 2017: Group investor meeting at 12:00 a.m. (PST) /
    8:00 a.m. (GMT).
    

    Audiocasts will be available on Salesforce's website at www.salesforce.com/investor.

    About Salesforce
    Salesforce, the Customer Success Platform and world's #1 CRM company, empowers companies to connect with their customers in a whole new way. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." For more information about Salesforce, visit: www.salesforce.com.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/salesforce-cfo-and-executive-vice-president-to-participate-in-upcoming-investor-events-300387923.html

    Photo: http://mma.prnewswire.com/media/341399/salesforce_com_logo.jpg Salesforce

    CONTACT: John Cummings, Salesforce, Investor Relations, 415-778-4188,
    jcummings@salesforce.com; Dan Farber, Salesforce, Public Relations,
    415-589-5563, dan.farber@salesforce.com

    Web site: http://www.salesforce.com/




    Vapor Corp. Announces Extension of Cash Tender Offer to Purchase Outstanding Series A Warrants

    HOLLYWOOD, Fla., Jan. 9, 2017 /PRNewswire/ -- Vapor Corp. ("Vapor" or the "Company") announced today that it has extended its previously announced tender offer to purchase its outstanding Series A Warrants (the "Series A Warrants"), in accordance with the applicable rules and regulations governing tender offers, until 5:00 p.m., Eastern time, on January 17, 2017, unless further extended or terminated. The tender offer to purchase Series A Warrants was previously scheduled to expire at midnight, Eastern time, on January 9, 2017. Vapor is seeking to purchase up to 32,262,152 of its outstanding Series A Warrants at a purchase price of $0.22 per warrant in cash, without interest, for an aggregate purchase price of up to approximately $7.1 million. As of 4:00 p.m. Eastern time on January 9, 2017, 10,173,966 Series A Warrants have been tendered and not withdrawn.

    Holders of Series A Warrants wishing to participate in the tender offer should follow the procedures set forth in the Company's offer to purchase dated December 7, 2016 (the "Offer to Purchase") and the related letter of transmittal (the "Letter of Transmittal") (the Offer to Purchase and the Letter of Transmittal together, as they may be amended or supplemented from time to time, the "Offer").

    Okapi Partners is acting as the information agent for the Offer, and the depositary for the Offer is Equity Stock Transfer, LLC. The Offer to Purchase, the Letter of Transmittal and related documents have been distributed to holders of the Series A Warrants. For questions and information, please call the information agent at (877) 629-6356 (banks and brokers call (212) 297-0720).

    Important Notice

    This press release is neither an offer to purchase nor a solicitation of an offer to sell any Series A Warrants. The offer to purchase and the solicitation of offers to sell are being made solely pursuant to the Offer to Purchase dated December 7, 2016, the related Letter of Transmittal and other offer materials included as exhibits to the tender offer statement on Schedule TO that Vapor has filed with the SEC. The tender offer statement (including the Offer to Purchase, related Letter of Transmittal and other offer materials) contains important information that should be read carefully and considered before any decision is made with respect to the tender offer. These materials are being distributed free of charge to all holders of Series A Warrants. In addition, these materials (and all other materials filed by Vapor with the SEC) are available at no charge from the SEC through its website at www.sec.gov. Holders of Series A Warrants may also obtain free copies of the documents filed with the SEC by Vapor by directing a request to the information agent at Okapi Partners, 1212 Avenue of the Americas, 24(th) Floor, New York, New York 10036, info@okapipartners.com. Holders of Series A Warrants are urged to read the tender offer documents and the other relevant materials before making any investment decision with respect to the tender offer because they contain important information about the tender offer.

    About Vapor Corp.

    Vapor Corp. is a U.S. based retailer of vaporizers, e-liquids and electronic cigarettes, operating thirteen stores in the Southeast and online.

    Through its subsidiary, Healthy Choice Markets, Inc., the Company also operates natural and organic grocery operations. The initial store acquired for these operations in June 2016 is Ada's Natural Market in Ft. Myers, Florida.

    Safe Harbor Statement

    Safe Harbor Statements under the Private Securities Litigation Reform Act of 1995: The material contained in this press release may include statements that are not historical facts and are considered "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Vapor Corp.'s current views about future events, financial performances, and project development. These "forward-looking" statements are identified by the use of terms and phrases such as "will," "believe," "expect," "plan," "anticipate," and similar expressions identifying forward-looking statements. Investors should not rely on forward-looking statements because they are subject to a variety of risks, uncertainties, and other factors that could cause actual results to differ materially from Vapor's expectations. These risk factors include, but are not limited to, the risks and uncertainties identified by Vapor Corp. under the headings "Risk Factors" in its latest Annual Report on Form 10-K. These factors are elaborated upon and other factors may be disclosed from time to time in Vapor Corp.'s filings with the Securities and Exchange Commission. Vapor Corp. expressly does not undertake any duty to update forward-looking statements.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/vapor-corp-announces-extension-of-cash-tender-offer-to-purchase-outstanding-series-a-warrants-300388199.html

    Vapor Corp.

    CONTACT: Investor Contacts: John Ollet, Chief Financial Officer, Phone:
    888-482-7671, jollet@vpco.com




    S&P Global Finalizes Sale of QuantHouseDeal announced on January 4th is now closed

    NEW YORK, Jan. 9, 2017 /PRNewswire/ -- S&P Global announced it has finalized the sale of Quant House SAS (QuantHouse) to a company owned by Pierre Feligioni, one of QuantHouse's original founders.

    The terms of the transaction were not disclosed.

    About S&P Global Market Intelligence

    At S&P Global Market Intelligence, we know that not all information is important--some of it is vital. Accurate, deep and insightful. We integrate financial and industry data, research and news into tools that help track performance, generate alpha, identify investment ideas, understand competitive and industry dynamics, perform valuation and assess credit risk. Investment professionals, government agencies, corporations and universities globally can gain the intelligence essential to making business and financial decisions with conviction.

    S&P Global Market Intelligence is a division of S&P Global , which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spglobal.com/marketintelligence.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sp-global-finalizes-sale-of-quanthouse-300388153.html

    S&P Global Market Intelligence

    CONTACT: Media Contact, Christina Twomey, S&P Global Market Intelligence,
    +1 (212) 438.0967, christina.twomey@spglobal.com

    Web site: http://www.spglobal.com/marketintelligence/




    VOXX International Corporation Reports Its Fiscal 2017 Third Quarter and Nine-Month Financial Results

    HAUPPAUGE, N.Y., Jan. 9, 2017 /PRNewswire/ -- VOXX International Corporation , today announced financial results for its Fiscal 2017 third quarter and nine-months ended November 30, 2016.

    Net sales for the Fiscal 2017 third quarter were $198.9 million compared to $192.5 million reported in the comparable year-ago period, an increase of $6.4 million or 3.3%.

    --  Automotive segment sales were $90.3 million as compared to $92.6
    million, a decline of $2.2 million or 2.4%.  This decline was primarily
    related to lower aftermarket and domestic OEM sales, offset by sales
    increases in the Company's international OEM business.
    --  Premium Audio segment sales were $56.8 million as compared to $44.7
    million, an increase of $12.0 million or 26.9%.  This increase was
    driven by higher sales of new product lines introduced throughout Fiscal
    2017, including sound bars, multi-room streaming audio systems,
    headphones, as well as speakers within the Custom Installation channel,
    among others.
    --  Consumer Accessories segment sales were $51.4 million as compared to
    $54.8 million, a decline of $3.4 million or 6.2%.  The sales decline was
    primarily related to lower sales of select hook-up, power and remote
    products, offset by higher sales of wireless and Bluetooth speakers,
    Project Nursery baby monitors, and 360Fly(TM) Action Cameras, among
    others.
    

    Pat Lavelle, President and CEO of VOXX International, commented, "We had a relatively strong fiscal third quarter, as our net sales, gross margins and expenses all improved year-over-year. We reported a $3.7 million increase in operating income and Adjusted EBITDA improved by $2.4 million. Driving much of this improvement was our Premium Audio segment. The investments we made throughout last year to enhance our line-up and expand into new categories are paying off, and with a few quarters of growth behind us, we believe this is a trend that should continue. Lower Automotive segment sales were anticipated, due primarily to changes in the aftermarket and lower domestic OEM sales. Internationally, our OEM business remains strong and we continue to win new OEM contracts. Similarly, our Consumer Accessories segment should be aided by new products introduced in the second and third quarters and many of the products we introduced last week at the Consumer Electronics Show. We believe we're better positioned to show improved top- and bottom-line performance in the year ahead."

    The gross margin for the Fiscal 2017 third quarter came in at 29.3% as compared to 29.0% for the same period last year, an increase of 30 basis points. Automotive gross margins came in at 30.0% as compared to 29.2%, an increase of 80 basis points, which was driven primarily by higher international OEM sales offset by lower fulfillment product sales, such as satellite radio. Premium Audio gross margins came in at 32.8% as compared to 33.9%, a decrease of 110 basis points. The decline in gross margin was primarily related to a shift in product mix within the segment. Consumer Accessories gross margins were 23.6% as compared to 24.1%, a decline of 50 basis points. Gross margins were adversely impacted by a shift in product mix and favorably impacted by higher sales of wireless speakers, Project Nursery products, and higher sales internationally.

    Operating expenses for the Fiscal 2017 third quarter were $50.9 million as compared to $52.3 million, a reduction of $1.4 million or 2.6%. Selling, general and administrative expenses declined for the comparable periods by $2.3 million, and this improvement was partially offset by a $1.8 million increase in engineering and technical support. The Company experienced decreases in salary, payroll and benefit expenses, as well as lower professional fees, occupancy costs and acquisition-related expenses. Driving the increase in engineering and technical support were higher research and development expenses related to its iris-based authentication solutions, and increases to support technology innovation within the Automotive OEM business and Premium Audio operating segment.

    The Company reported operating income of $7.3 million in its Fiscal 2017 third quarter as compared to operating income of $3.6 million in the comparable year-ago period. The $3.7 million year-over-year improvement was driven by higher sales and gross margins, and lower total operating expenses.

    Net income attributable to VOXX for the Fiscal 2017 third quarter was $5.8 million or $0.24 per basic and diluted share, as compared to $7.8 million or $0.32 per basic and diluted share in the Fiscal 2016 third quarter. Note, net income in the Fiscal 2016 third quarter was favorably impacted by a $4.7 million bargain purchase gain related to the Company's acquisition of EyeLock, among other factors.

    Earnings before interest, taxes, depreciation and amortization ("EBITDA") for the Fiscal 2017 third quarter was $15.3 million as compared to EBITDA of $16.8 million reported in the Fiscal 2016 third quarter. Adjusted EBITDA was $15.5 million as compared to $13.1 million for the comparable Fiscal 2017 and 2016 third quarter periods.

    Nine-Month Comparisons (for the nine-month periods ended November 30, 2016 and November 30, 2015)

    Net sales for the Fiscal 2017 nine-month period were $513.7 million compared to $511.1 million reported in the comparable year-ago period, an increase of $2.6 million or 0.5%.

    --  Automotive segment sales of $251.6 million declined by $15.2 million or
    5.7%.  The Company experienced higher international OEM sales which were
    offset by lower domestic OEM sales and lower aftermarket product sales.
    Additionally, the sale and subsequent licensing of all Jensen Mobile
    inventory in Fiscal 2016 resulted in approximately $6.4 million of the
    total decline.
    --  Premium Audio segment sales of $123.8 million increased by $19.5 million
    or 18.7%, driven by strength in the Company's Klipsch and Jamo product
    lines.  Premium Audio sales were favorably impacted by new product
    introductions in new categories.
    --  Consumer Accessories sales of $137.4 million decreased by $1.3 million
    or 0.9%.  The Company had higher sales of new products, including
    Project Nursery baby monitors and 360Fly Action Cameras, as well as
    higher sales internationally, offset by a decline in select Consumer
    Accessories product lines.  Additionally, international sales increased,
    primarily due to the roll out of an upgrade to the digital broadcasting
    platform in Europe.
    

    The gross margin for the Fiscal 2017 nine-month period was 29.4% as compared to 29.1% for the same period last year, an increase of 30 basis points. Automotive gross margins were 30.4% as compared to 30.0%; Premium Audio gross margins were 33.3% as compared to 33.0%; and Consumer Accessories gross margins were 23.5% as compared to 24.0%.

    Operating expenses for the Fiscal 2017 nine-month period were $151.4 million as compared to operating expenses of $152.9 million in the comparable year-ago period, a reduction of $1.5 million or 1.0%. Selling, general and administrative expenses declined by $4.3 million, while engineering and technical support expenses increased $9.8 million, both when comparing the Fiscal 2017 and Fiscal 2016 nine-month periods. Additionally, during the Fiscal 2016 nine-month period, the Company recorded intangible asset impairment charges of $6.2 million and $0.8 million associated with acquisition costs.

    The Company reported an operating loss of $0.6 million as compared to an operating loss of $4.1 million in the Fiscal 2016 nine-month period, an improvement of $3.4 million. As noted above, intangible asset impairment charges and acquisition related expenses were $7.0 million during the Fiscal 2016 nine-month period.

    The Company reported net income attributable to VOXX for the Fiscal 2017 nine-month period of $4.5 million or $0.19 per basic and diluted share, as compared to $2.7 million or $0.11 per basic and diluted share for the comparable Fiscal 2016 period. Net income for the Fiscal 2016 nine-month period was favorably impacted by a $4.7 million bargain purchase gain related to the Company's acquisition of EyeLock, among other factors.

    EBITDA for the Fiscal 2017 nine-month period was $22.1 million as compared to EBITDA of $19.8 million reported in the comparable Fiscal 2016 period, an improvement of $2.4 million. Adjusted EBITDA was $22.7 and $22.8 million for the comparable Fiscal 2017 and 2016 nine-month periods.

    Lavelle continued, "Sales through the first nine-months are up modestly and we expect to show year-over-year improvements in our fiscal fourth quarter as well. We continue to control costs, while investing strategically in R&D to drive innovation in future product lines. We have a strong line-up for the coming fiscal year in both our Premium Audio and Consumer Accessories segments and will be entering new markets throughout the year, which over time, will expand our distribution even further. Customer relationships remain strong and the economic environment has been more stable than in years past. We look forward to finishing out the year and believe we're in a good position entering Fiscal 2018 to maximize shareholder value."

    Non-GAAP Measures

    EBITDA, Adjusted EBITDA and Diluted Adjusted EBITDA per common share are not financial measures recognized by GAAP. Adjusted EBITDA represents net income (loss), computed in accordance with GAAP, before interest expense and bank charges, taxes, depreciation and amortization, stock-based compensation expense, impairment charges and certain acquisition related expenses and gains. Depreciation, amortization, stock-based compensation, and impairment expenses are non-cash items.

    Diluted Adjusted EBITDA per common share represent the Company's diluted earnings per common share based on Adjusted EBITDA.

    We present EBITDA, Adjusted EBITDA and Diluted Adjusted EBITDA per common share in this Form 10-Q because we consider them to be useful and appropriate supplemental measures of our performance. These measures help us to evaluate our performance without the effects of certain GAAP calculations that may not have a direct cash impact on our current operating performance. In addition, the exclusion of costs or gains relating to the Company's acquisitions, impairments and stock-based compensation, allows for a more meaningful comparison of our results from period-to-period. These non-GAAP measures, as we define them, are not necessarily comparable to similarly entitled measures of other companies and may not be an appropriate measure for performance relative to other companies. Adjusted EBITDA should not be assessed in isolation from or construed as a substitute for EBITDA. Adjusted EBITDA and diluted adjusted earnings per common share are not intended to represent, and should not be considered to be more meaningful measures than, or alternatives to, measures of operating performance as determined in accordance with GAAP.

    The Company will be hosting its conference call on Tuesday, January 10, 2017 at 10:00 a.m. ET. Interested parties can participate by visiting www.voxxintl.com, and clicking on the webcast in the Investor Relations section or via teleconference (toll-free number: 877-303-9079; international: 970-315-0461 / conference ID: 43538882). For those unable to join, a replay will be available approximately four hours after the call has been completed and will last for one week (replay number: 855-859-2056; international replay: 404-537-3406 / conference ID: 43538882).

    About VOXX International Corporation

    VOXX International Corporation has grown into a worldwide leader in many automotive and consumer electronics and accessories categories, as well as premium high-end audio. Today, VOXX International Corporation has an extensive distribution network that includes power retailers, mass merchandisers, 12-volt specialists and most of the world's leading automotive manufacturers. The Company has an international footprint in Europe, Asia, Mexico and South America, and a growing portfolio, which now comprises over 30 trusted brands. Among the key domestic brands are Klipsch(R), RCA(R), Invision(R), Jensen(R), Audiovox(R), Terk(R), Acoustic Research(R), Advent(R), Code Alarm(R), Car Connection(R), 808(R), AR for Her(R), and Prestige(R). International brands include Hirschmann Car Communication(R), Klipsch(R), Jamo(R), Energy(R), Mirage(R), Mac Audio(R), Magnat(R), Heco(R), Schwaiger(R), Oehlbach(R) and Incaar(TM). For additional information, please visit our Web site at www.voxxintl.com.

    Safe Harbor Statement

    Except for historical information contained herein, statements made in this release that would constitute forward-looking statements may involve certain risks and uncertainties. All forward-looking statements made in this release are based on currently available information and the Company assumes no responsibility to update any such forward-looking statements. The following factors, among others, may cause actual results to differ materially from the results suggested in the forward-looking statements. The factors include, but are not limited to risks that may result from changes in the Company's business operations; our ability to keep pace with technological advances; significant competition in the automotive, premium audio and consumer accessories businesses; our relationships with key suppliers and customers; quality and consumer acceptance of newly introduced products; market volatility; non-availability of product; excess inventory; price and product competition; new product introductions; foreign currency fluctuations and concerns regarding the European debt crisis; restrictive debt covenants; the possibility that the review of our prior filings by the SEC may result in changes to our financial statements; and the possibility that stockholders or regulatory authorities may initiate proceedings against VOXX International Corporation and/or our officers and directors as a result of any restatements. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company's Form 10-K for the fiscal year ended February 29, 2016.

    Company Contact:
    Glenn Wiener, President
    GW Communications
    Tel: 212-786-6011
    Email: gwiener@GWCco.com

    - Tables to Follow -

    VOXX International Corporation and Subsidiaries Consolidated Balance Sheets (In thousands) November 30, 2016 February 29, 2016 ----------------- ----------------- Assets (unaudited) Current assets: Cash and cash equivalents $5,672 $11,767 Accounts receivable, net 110,408 87,055 Inventory, net 158,636 144,028 Receivables from vendors 2,914 2,519 Prepaid expenses and other current assets 19,681 17,256 Income tax receivable 1,365 1,426 ----- ----- Total current assets 298,676 264,051 Investment securities 10,417 10,206 Equity investments 22,343 21,949 Property, plant and equipment, net 79,664 79,422 Goodwill 103,265 104,349 Intangible assets, net 178,300 185,022 Deferred income taxes 23 23 Other assets 1,818 2,168 ----- ----- Total assets $694,506 $667,190 ======== ======== Liabilities and Stockholders' Equity Current liabilities: Accounts payable $71,778 $55,790 Accrued expenses and other current liabilities 44,785 50,748 Income taxes payable 39 4,081 Accrued sales incentives 17,243 12,439 Current portion of long-term debt 11,820 8,826 ------ ----- Total current liabilities 145,665 131,884 Long-term debt, net of debt issuance costs 105,267 88,169 Capital lease obligation 704 1,381 Deferred compensation 4,276 4,011 Other tax liabilities 5,043 4,997 Deferred income tax liabilities 30,107 30,374 Other long-term liabilities 9,988 10,480 ----- ------ Total liabilities 301,050 271,296 Commitments and contingencies Stockholders' equity: Preferred stock: No shares issued or outstanding - - Common stock: Class A, $.01 par value, 60,000,000 shares authorized, 24,067,444 shares issued and 21,899,370 shares outstanding at both November 30, 2016 and February 29, 2016 256 256 Class B Convertible, $.01 par value, 10,000,000 shares authorized, 2,260,954 shares issued and outstanding 22 22 Paid-in capital 295,087 294,038 Retained earnings 159,459 154,947 Non-controlling interest 3,413 8,524 Accumulated other comprehensive loss (43,605) (40,717) Treasury stock, at cost, 2,168,074 shares of Class A Common Stock at both November 30, 2016 and February 29, 2016 (21,176) (21,176) ------- ------- Total stockholders' equity 393,456 395,894 ------- ------- Total liabilities and stockholders' equity $694,506 $667,190 ======== ========

    VOXX International Corporation and Subsidiaries Consolidated Statements of Operations and Comprehensive Income (Loss) (In thousands, except share and per share data) (unaudited) Three Months Ended Nine Months Ended November 30, November 30, 2016 2015 2016 2015 ---- ---- ---- ---- Net sales $198,937 $192,506 $513,655 $511,063 Cost of sales 140,724 136,663 362,848 362,202 ------- ------- ------- ------- Gross profit 58,213 55,843 150,807 148,861 ------ ------ ------- ------- Operating expenses: Selling 12,421 12,464 36,200 36,182 General and administrative 27,240 29,536 79,214 83,530 Engineering and technical support 11,243 9,459 36,013 26,190 Intangible asset impairment charges - - - 6,210 Acquisition costs - 800 - 800 --- --- --- --- Total operating expenses 50,904 52,259 151,427 152,912 ------ ------ ------- ------- Operating income (loss) 7,309 3,584 (620) (4,051) ----- ----- ---- ------ Other income (expense): Interest and bank charges (1,995) (1,772) (5,560) (4,964) Equity in income of equity investees 1,931 1,927 5,284 5,002 Gain on bargain purchase - 4,679 - 4,679 Other, net 100 636 (228) 1,103 --- --- ---- ----- Total other income (expense), net 36 5,470 (504) 5,820 --- ----- ---- ----- Income (loss) before income taxes 7,345 9,054 (1,124) 1,769 Income tax expense (benefit) 3,435 2,968 (218) 791 ----- ----- ---- --- Net income (loss) 3,910 6,086 (906) 978 Less: net loss attributable to non- controlling interest (1,890) (1,691) (5,418) (1,691) ------ ------ ------ ------ Net income attributable to Voxx International Corporation $5,800 $7,777 $4,512 $2,669 Other comprehensive (loss) income: Foreign currency translation adjustments (6,684) (7,993) (3,168) (9,026) Derivatives designated for hedging 752 (32) 240 (1,673) Pension plan adjustments 96 155 44 154 Unrealized holding gain (loss) on available-for-sale investment securities, net of tax 4 5 (4) 1 --- --- --- --- Other comprehensive loss, net of tax (5,832) (7,865) (2,888) (10,544) ------ ------ ------ ------- Comprehensive (loss) income attributable to Voxx International Corporation $(32) $(88) $1,624 $(7,875) ==== ==== ====== ======= Net income per common share attributable to Voxx International Corporation (basic) $0.24 $0.32 $0.19 $0.11 ===== ===== ===== ===== Net income per common share attributable to Voxx International Corporation (diluted) $0.24 $0.32 $0.19 $0.11 ===== ===== ===== ===== Weighted-average common shares outstanding (basic) 24,160,324 24,183,791 24,160,324 24,177,061 ========== ========== ========== ========== Weighted-average common shares outstanding (diluted) 24,287,431 24,219,555 24,237,357 24,211,651 ========== ========== ========== ==========

    VOXX International Corporation and Subsidiaries Reconciliation of GAAP Net Income (Loss) to Adjusted EBITDA Three Months Ended Nine Months Ended November 30, November 30, 2016 2015 2016 2015 ---- ---- ---- ---- Net income attributable to Voxx International Corporation $5,800 $7,777 $4,512 $2,669 Adjustments: Interest expense and bank charges (1) 1,824 1,772 5,134 4,964 Depreciation and amortization (1) 4,225 4,302 12,715 11,356 Income tax expense (benefit) 3,435 2,968 (218) 791 ----- ----- ---- --- EBITDA 15,284 16,819 22,143 19,780 Stock-based compensation 205 199 568 686 Intangible asset impairment charges - - - 6,210 Gain on bargain purchase - (4,679) - (4,679) Acquisition costs - 800 - 800 Adjusted EBITDA $15,489 $13,139 $22,711 $22,797 ======= ======= ======= ======= Diluted income per common share $0.24 $0.32 $0.19 $0.11 Diluted adjusted EBITDA per common share $0.64 $0.54 $0.94 $0.94 (1) For purposes of calculating Adjusted EBITDA for the Company, interest expense and bank charges, as well as depreciation and amortization added back to Net Income have been adjusted in order to exclude the non- controlling interest portion of these expenses attributable to EyeLock LLC.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/voxx-international-corporation-reports-its-fiscal-2017-third-quarter-and-nine-month-financial-results-300388033.html

    VOXX International Corporation



    DATATRAK Certifies As Early Adopter of New EU-U.S. Privacy Shield FrameworkDATATRAK's commitment to European clients reinforced with both new and old Data Security certifications.

    CLEVELAND, Jan. 9, 2017 /PRNewswire/ -- DATATRAK International, Inc. (OTCQX: DTRK), has solidified its commitment to its European clients by being one of the first 1,400 U.S. corporations to self-certify its compliance with the new EU-U.S. Privacy Shield Framework.

    The Privacy Shield Framework was instituted to replace the prior U.S.-EU Safe Harbor Framework, and was approved on July 12, 2016 by the European Commission to adequately enable secure data transfers under U.S. and EU law. Certification reviews began in August, 2016, and are now taking up to nine months to complete. DATATRAK also maintains its certification with its sister policy - the U.S.-Swiss Safe Harbor Framework, which still remains in effect.

    "At DATATRAK, security of data has been, and continues to be of the highest importance. We continually make special efforts like this to display not only the acknowledgement of our obligations, but to demonstrate our devotion to providing a superior product," says Amy Boukair, Director of Quality Assurance at DATATRAK. "It is our compliance with these types of laws and regulations that reassures our clients of our commitment to the complete success of their clinical trials."

    Certification of compliance to the new EU-U.S. Privacy Shield Framework is completely voluntary. Former U.S.-EU Safe Harbor adherents may not even be aware of the new laws and the new requirements. Participating organizations are deemed to provide "adequate" privacy protection, a requirement for the transfer of personal data outside of the European Union under the EU Data Protection Directive.

    "At DATATRAK, it's important that our clients know that we are dedicated to securing their most critical assets, the data and information associated with their life saving innovations," says Tim Lyons, VP, Product Development and Operations. "As a company, we are always working to ensure we stay ahead of the pack."

    In the U.S., the Privacy Shield program is administered by the International Trade Administration (ITA) within the U.S. Department of Commerce. To view DATATRAK's self-certification listing, search here: https://www.privacyshield.gov/list. To view DATATRAK's Privacy Shield Policy, see, http://www.datatrak.com/privacyshield/.

    DATATRAK International is a worldwide technology and services company delivering unified eClinical((R)) solutions and related services for the clinical trials industry. DATATRAK built its multi-component, comprehensive solution on a single, unified platform, designed to accelerate the reporting of clinical research, with greater efficiency compared to other similar technologies. The DATATRAK ONE((R)) software solution, deployed worldwide through an ASP or Enterprise Transfer offering, supports Preclinical and Phase I - Phase IV drug and device studies in multiple languages throughout the world. For more information, please visit DATATRAK.com.

    LinkedIn | Twitter | Resources

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/datatrak-certifies-as-early-adopter-of-new-eu-us-privacy-shield-framework-300388065.html

    DATATRAK International, Inc.

    CONTACT: Ryan Benes, 1-440-443-0082x112, Ryan.Benes@datatrak.com

    Web site: http://www.datatrak.net/




    Texas Instruments to webcast 4Q16 and 2016 earnings conference call

    DALLAS, Jan. 9, 2017 /PRNewswire/ -- Texas Instruments Incorporated (TI) will webcast its fourth-quarter and year-end 2016 earnings conference call on Tuesday, January 24, at 4:30 p.m. Central time. Kevin March, senior vice president and chief financial officer, and Dave Pahl, vice president and head of Investor Relations, will discuss TI's financial results and answer questions from the investor audience. Also participating in the call will be Rafael Lizardi, who will become senior vice president and chief financial officer effective February 1, 2017.

    You may access the audio webcast on the Investor Relations section of the company's website at www.ti.com/ir. An archived copy of the webcast will be available shortly after the call concludes.

    About Texas Instruments

    Texas Instruments Incorporated (TI) is a global semiconductor design and manufacturing company that develops analog ICs and embedded processors. By employing the world's brightest minds, TI creates innovations that shape the future of technology. TI is helping more than 100,000 customers transform the future, today. Learn more at www.ti.com.

    TXN-G

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/texas-instruments-to-webcast-4q16-and-2016-earnings-conference-call-300388062.html

    Photo: http://photos.prnewswire.com/prnh/20010105/NEF016LOGO Texas Instruments Incorporated

    CONTACT: Chris Rongone, 214-479-6868, c-rongone@ti.com OR Whitney Jodry,
    214-479-0952, wjodry@ti.com

    Web site: http://www.ti.com/




    SiTime's Elite Platform MEMS Super-TCXOs Named Product of the Year by Electronic Products MagazineRevolutionary MEMS Timing Devices Recognized for Improving Telecom and Networking Equipment

    SANTA CLARA, Calif., Jan. 9, 2017 /PRNewswire/ -- SiTime Corporation, the leader in MEMS-based timing solutions and a wholly owned subsidiary of MegaChips Corporation , today announced the Elite Platform Super-TCXOs have been named the Product of the Year by Electronic Products. The editors of Electronic Products, a leading trade publication for electronic design engineers, evaluated thousands of products launched in 2016. The winning products were selected on the basis of innovative design, significant advancement in technology or application and substantial achievement in performance.

    The Elite Platform(TM) Super-TCXOs are engineered to solve deep-rooted timing problems in telecom and networking equipment where they can enable the highest performance, best reliability and the highest quality of service, even in the presence of environmental stressors. SiTime's Elite timing solutions deliver 30 times better dynamic performance, 10 times better dynamic stability, and 20 times better vibration resistance (g sensitivity).

    "Network densification is adding much-needed data capacity to carrier infrastructure. Densification requires timing references with higher dynamic performance that will enable equipment to operate in the presence of high temperature, thermal shock, vibration and unpredictable airflow," said Piyush Sevalia, executive vice president of marketing at SiTime. "Because operating environments are becoming increasingly dense and less controlled, service providers are questioning if legacy quartz products are up to the challenge. Using a revolutionary Dual-MEMS architecture, SiTime's Elite Platform has uniquely solved long-standing timing problems. We are honored by the industry's recognition and by this prestigious award from Electronic Products."

    This is the second consecutive year in which a SiTime product has been named a Product of the Year by Electronic Products. This award is the fourth honor for SiTime's Elite Platform products in the past two months - additional accolades include:

    --  EDN magazine's Hot 100 Products of 2016
    --  Microwave & RF magazine's the Year's Top New Products in 2016
    --  Elektronik Product of the Year finalist (voting closes January 27, 2017)
    

    About the Elite Platform Super-TCXOs
    Based on an innovative Dual-MEMS(TM) architecture with TurboCompensation(TM), these products combine three key elements: a TempFlat MEMS(TM) resonator, a MEMS temperature sensor, and a highly integrated mixed-signal IC. Elite Super-TCXOs support any frequency between 1 to 220 MHz and offer the following unique features to deliver exceptional dynamic performance in the presence of common environmental hazards such as air flow, temperature perturbation, vibration, shock, power supply noise and electromagnetic interference (EMI).

    --  100 ppb frequency stability from -40  C to +105  C, the widest operating
    temperature available with any TCXO
    --  1 to 5 ppb/  C frequency slope ( F/ T) at an extremely fast temperature
    ramp rate of 10  C/minute, a performance level unique among timing
    devices
    --  0.1 ppb/g vibration immunity, 20 times better than quartz TCXOs
    --  3e-11 Allan deviation (ADEV) at 10 second averaging time, 10 times
    better than quartz TCXOs
    --  0.2 ps/mv power supply noise rejection (PSNR), eliminates dedicated
    system LDO
    --  No activity dips or micro-jumps, eliminates costly inspection or burn-in
    test
    --  Optional I(2)C/SPI frequency tuning, eliminates external DAC
    

    About SiTime
    SiTime Corporation, a MEMS analog semiconductor company and a wholly owned subsidiary of MegaChips Corporation , offers MEMS-based silicon timing solutions that replace legacy quartz products. SiTime's configurable solutions enable customers to differentiate their products with higher performance, smallest size, lowest power and best reliability. The rich feature set and flexibility of SiTime's solutions allow customers to consolidate their supply-chain, reducing cost of ownership and time to market. By using standard semiconductor processes and high volume packaging, SiTime offers the best availability and shortest lead times in the industry. With 90% market share and over 500 million devices shipped, SiTime is driving the electronics industry to use 100% silicon-based timing. www.sitime.com.

    Contact: Piyush Sevalia Executive Vice President, Marketing SiTime Corporation 408.331.9138 psevalia@sitime.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sitimes-elite-platform-mems-super-tcxos-named-product-of-the-year-by-electronic-products-magazine-300387956.html

    Photo: http://mma.prnewswire.com/media/455376/Sitime_Logo.jpg SiTime Corporation

    Web site: http://www.sitime.com/




    Barracuda Reports Third Quarter Fiscal 2017 Results- Q3 total revenue grew 11% year-over-year to $88.8 million- Q3 GAAP earnings per share of $0.03, and non-GAAP earnings per share of $0.22- Total active subscribers exceeded 309,000

    CAMPBELL, Calif., Jan. 9, 2017 /PRNewswire/ -- Barracuda Networks, Inc. , a leading provider of cloud-enabled security and data protection solutions, today announced results for its third quarter fiscal 2017 that ended Nov. 30, 2016.

    "Barracuda delivered a strong third quarter with core product billings outpacing our expectations, driven in part by increasing customer adoption of our cloud-based security and data protection solutions. We continue to execute on our strategy to capitalize on market trends as more customers utilize our solutions as they move applications and workloads to the cloud," said BJ Jenkins, president and CEO. "The threat landscape is complex and constantly evolving. As threats become more sophisticated, security remains a top priority for customers. We continue to drive innovation and deliver easy-to-use products that address our customers' most pressing security needs across multiple threat vectors, including email, networks, web applications and mobile devices."

    Third Quarter Fiscal 2017 Financial Summary

    --  Total revenue increased 11% to $88.8 million, compared with $80.1
    million in the third quarter of fiscal 2016. Subscription revenue grew
    to $68.3 million, up 17% from $58.4 million in the third quarter of
    fiscal 2016, representing 77% of total revenue, and appliance revenue
    was $20.5 million, compared with $21.7 million in the third quarter of
    fiscal 2016.
    --  Gross billings were $100.4 million, compared with $89.0 million in the
    third quarter of fiscal 2016. Billings for core products increased 30%
    to $61.6 million, compared with $47.2 million in the third quarter of
    fiscal 2016. The number of active subscribers grew approximately 15% to
    over 309,000 and the dollar-based renewal rate was 90% for the quarter.
    --  GAAP net income was $1.8 million, or $0.03 per share, based on a diluted
    share count of 54.0 million, compared to a GAAP net loss of $1.6
    million, or $0.03 per share, in the third quarter of fiscal 2016.
    --  Non-GAAP net income was $11.6 million, or $0.22 per share, based on a
    diluted share count of 54.0 million. Non-GAAP net income excludes $9.2
    million in stock-based compensation expense, $2.4 million in other
    expense, $1.8 million in amortization of intangibles, $0.2 million in
    acquisition and other charges, partially offset by an income tax effect
    of $3.7 million.
    

    Recent Company Highlights

    --  Continued Public Cloud Momentum: Announced availability of Barracuda
    NextGen Firewall on Google Cloud Platform, marking the first
    next-generation firewall available on Google Cloud Platform. Barracuda
    NextGen Firewall - which is available directly on AWS Marketplace,
    Microsoft Azure, and now Google Cloud Platform - is designed for the
    cloud era, with features that enable direct access to cloud applications
    in dispersed networks where quality of service, network reliability, and
    secure connectivity are required at every location. Google Cloud
    Platform customers can purchase Barracuda NextGen Firewall with Bring
    Your Own License (BYOL) options from Barracuda.
    --  Enhanced Web Application Firewall Product Line: Launched a new metered
    billing option for Barracuda Web Application Firewall on Amazon Web
    Services (AWS). Barracuda Web Application Firewall is the first
    third-party web application security solution available on the AWS
    Marketplace where customer usage is aggregated and charged as part of an
    existing AWS bill, regardless of the number of the Barracuda Web
    Application Firewalls deployed. Barracuda also announced an API
    integration between Barracuda's Web Application Firewall and NextGen
    Firewall solutions, helping customers simplify the way application
    security is deployed and managed.
    --  Updated Web Security Gateway Product Line: Announced Barracuda Web
    Security Gateway version 11.0, which offers customers advanced security
    protection and improved SSL scanning performance, as well as the ability
    to enforce policy configuration on Chromebooks. Barracuda Web Security
    Gateway customers now have access to Barracuda Advanced Threat
    Detection, a cloud-based microservice that protects organizations
    against ransomware and other targeted attacks. With version 11.0,
    Barracuda Web Security Gateway combines powerful web security
    functionality with next-generation firewall capabilities allowing for
    more robust, complementary security protection managed from a single
    pane of glass.
    --  Recognized Network Security Leadership: Received Approved Business
    Security Award for network security leadership for Barracuda NextGen
    Firewall based on a public comparative test report conducted by MRG
    Effitas and AV-Comparatives. Barracuda was the only vendor tested that
    received 100% effectiveness scores across the board for both the malware
    protection tests performed by AV-Comparatives and the exploit tests
    performed by MRG Effitas.
    --  Achieved Industry Recognition: Honored as 2016 ChannelPro SMB All-Star
    for continued channel leadership and product innovation with Barracuda
    Essentials for Office 365, Barracuda Backup - MSP Edition, and Barracuda
    NextGen Firewall - MSP Edition; Awarded Tech & Learning's Awards of
    Excellence for Barracuda Essentials for Office 365, Barracuda Backup,
    Barracuda Web Security Gateway, and Barracuda NextGen Firewall; and
    Named Finalist for CRN products of the Year for Barracuda Backup - MSP
    Edition and Barracuda Essentials for Office 365, as well as Finalist for
    multiple 2017 SC Awards including Best Vulnerability Management
    Solution, Best Web Application Security Solution, and Best Customer
    Service.
    

    Conference Call Information

    Barracuda will host a conference call and corresponding live webcast at 1:30 p.m. PT today. To access the conference call, dial 1-855-560-2573 for the U.S. or 1-412-542-4159 for international callers. The webcast will be available live on the investor relations section of the company's website at investors.barracuda.com, and via replay beginning approximately one hour after the completion of the call for a period of one year. An audio replay of the call will be available to investors beginning at approximately 5:00 p.m. PT today through January 16, 2017 by dialing 1-877-344-7529 in the U.S. or 1-412-317-0088 for international callers, and entering conference ID 10097957. Additional information can be found in an accompanying supplemental investor slide presentation located at investors.barracuda.com.

    Forward-Looking Statements
    This announcement contains forward-looking statements related to our strategy and core products, the adoption of our cloud and security and data protection products, potential benefits from newly launched and updated products to customers and partners, and potential results from new initiatives and new channels and go-to-market strategies that involve risks and uncertainties, including statements regarding our expectations regarding financial performance, and the potential impact of our new and updated products. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including, but not limited to: fluctuations in demand for our products and services; a highly competitive and evolving business environment for network security and storage solutions; the company's effectiveness in controlling expenses and timing of infrastructure costs; the effects of significant developments in IT infrastructure deployments, particularly cloud computing; the impact of foreign currency fluctuations; the possibility that we might experience delays in the development of new technology and products; risks related to recent or future acquisitions; customer response to our new technology and products; risks related to pending or future litigation and regulatory matters; a dependency on third parties for certain components of our products and the impact of changes in our management team. The company undertakes no obligation to update the forward-looking information in this release. More information about potential factors that could affect our business and financial results is included in our filings with the Securities and Exchange Commission, including, without limitation, under the captions: "Management's Discussion and Analysis of Financial Condition and Results of Operations," and "Risk Factors," which are on file with the Securities and Exchange Commission.

    Non-GAAP Financial Measures
    Barracuda provides all financial information required in accordance with generally accepted accounting principles (GAAP). To supplement our consolidated financial statements presented in accordance with GAAP, we are also providing with this press release and on our conference call with non-GAAP net income, non-GAAP operating income, non-GAAP gross margins, non-GAAP operating expenses, adjusted EBITDA and free cash flow. In preparing our non-GAAP information, we have excluded certain amounts as set forth in the attached financial tables and footnotes. We believe that excluding these items provides both management and investors with additional insight into our current operations and the trends affecting the company. In particular, management finds it useful to exclude these items in order to more readily correlate the company's operating activities with the company's ability to generate cash from operations. Accordingly, management uses these non-GAAP measures, along with the comparable GAAP information, in evaluating our historical performance and in planning our future business activities. Please note that our non-GAAP measures may be different than those used by other companies. The additional non-GAAP financial information we present should be considered in conjunction with, and not as a substitute for, our financial information presented in accordance with GAAP. We have provided reconciliations of these non-GAAP measures to their comparable GAAP measures for the periods presented in this release, which exclude certain amounts as set forth in the attached financial tables and footnotes for these periods. These measures should only be used to evaluate the company's results of operations in conjunction with the corresponding GAAP measures for comparable financial information and understanding of the company's ongoing performance as a business. Barracuda uses both GAAP and non-GAAP measures to evaluate and manage its operations.

    Beginning in the third quarter of fiscal 2017, we modified our reporting practices to comply with recent SEC interpretations on the use of non-GAAP measures. As a result, we have modified our historical presentation of adjusted EBITDA and free cash flow. We will no longer adjust for changes in deferred revenue and associated deferred costs in our calculation of adjusted EBITDA, and for free cash flow we will not adjust for the cash payment impact of acquisition and other charges. Prior period information has been recast to conform to the adjusted calculations.

    Forward-looking non-GAAP financial measures included in Barracuda's guidance exclude amortization of intangible assets, stock-based compensation expense, acquisition and other charges, income tax effects related to such exclusions and other expense (income) adjustments. Barracuda does not provide reconciliations of its forward-looking non-GAAP financial measures to the corresponding GAAP measures due to the high variability of, and difficulty in making accurate forecasts and projections with respect to, the items excluded from these non-GAAP financial measures. In particular, stock-based compensation and related taxes are impacted by the company's future hiring and retention needs, as well as the future fair market value of its common stock, all of which is difficult to predict and subject to constant change. Accordingly, reconciliations of its forward-looking non-GAAP financial measures to the corresponding GAAP measures are not available without unreasonable effort. The actual amounts of these excluded items will have a significant impact on the company's GAAP operating income (loss) and net income (loss) per diluted share.

    About Barracuda Networks, Inc.
    Barracuda simplifies IT with cloud-enabled solutions that empower customers to protect their networks, applications, and data, regardless of where they reside. These powerful, easy-to-use and affordable solutions are trusted by more than 150,000 organizations worldwide and are delivered in appliance, virtual appliance, cloud and hybrid deployments. Barracuda's customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data security. For additional information, please visit barracuda.com.

    Barracuda Networks, Barracuda and the Barracuda Networks logo are registered trademarks or trademarks of Barracuda Networks, Inc. in the US and other countries.

    Contacts:
    Investor Relations: Maria Riley; +1 415-217-7722; ir@barracuda.com
    Corporate Communications: Mary Catherine Petermann; +1 404-307-6290; mc@barracuda.com

    Barracuda Networks, Inc. Condensed Consolidated Balance Sheets (in thousands) (Unaudited) As of November As of February 30, 2016 29, 2016 -------- -------- Assets Current assets: Cash and cash equivalents $121,113 $118,654 Marketable securities 73,220 36,394 Accounts receivable, net of allowance for doubtful accounts 39,555 36,520 Inventories, net 4,711 5,648 Deferred costs 32,076 31,943 Other current assets 12,501 12,450 ------ ------ Total current assets 283,176 241,609 Property and equipment, net 29,429 31,910 Deferred costs, non-current 26,475 27,019 Deferred income taxes, non- current 2,759 2,992 Other non-current assets 8,158 7,293 Intangible assets, net 33,904 39,386 Goodwill 69,817 69,595 ------ ------ Total assets $453,718 $419,804 ======== ======== Liabilities and stockholders' deficit Current liabilities: Accounts payable $11,288 $15,939 Accrued payroll and related benefits 14,020 12,371 Other accrued liabilities 20,079 19,495 Deferred revenue 237,433 235,411 Note payable 4,184 268 ----- --- Total current liabilities 287,004 283,484 Long-term liabilities: Deferred revenue, non-current 163,867 157,363 Deferred income taxes, non- current 2,472 2,478 Note payable, non-current - 4,115 Other long-term liabilities 5,332 4,462 Stockholders' deficit: Common stock 53 52 Additional paid-in capital 362,204 337,439 Accumulated other comprehensive loss (5,088) (4,509) Accumulated deficit (362,126) (365,080) -------- -------- Total stockholders' deficit (4,957) (32,098) ------ ------- Total liabilities and stockholders' deficit $453,718 $419,804 ======== ========

    Barracuda Networks, Inc. Condensed Consolidated Statements of Operations (in thousands, except per share information) (Unaudited) Three Months Ended November 30, Nine Months Ended November 30, 2016 2015 2016 2015 ---- ---- ---- ---- Revenue: Appliance $20,457 $21,655 $62,824 $67,625 Subscription 68,349 58,432 200,566 168,807 ------ ------ ------- ------- Total revenue 88,806 80,087 263,390 236,432 Cost of revenue 21,098 18,352 61,579 50,253 ------ ------ ------ ------ Gross profit 67,708 61,735 201,811 186,179 Operating expenses: Research and development 18,627 18,629 56,280 54,131 Sales and marketing 33,368 36,218 96,842 104,820 General and administrative 10,217 14,872 31,958 36,340 ------ ------ ------ ------ Total operating expenses 62,212 69,719 185,080 195,291 ------ ------ ------- ------- Income (loss) from operations 5,496 (7,984) 16,731 (9,112) Other income (expense), net (2,374) (395) 131 (866) ------ ---- --- ---- Income (loss) before income taxes 3,122 (8,379) 16,862 (9,978) Benefit from (provision for) income taxes (1,329) 6,793 (9,848) 2,321 ------ ----- ------ ----- Net income (loss) $1,793 $(1,586) $7,014 $(7,657) ====== ======= ====== ======= Net income (loss) per share: Basic $0.03 $(0.03) $0.13 $(0.14) Diluted $0.03 $(0.03) $0.13 $(0.14) Weighted-average shares used to compute net income (loss) per share: Basic 52,457 53,268 52,336 53,178 Diluted 53,995 53,268 53,391 53,178

    Barracuda Networks, Inc. Condensed Consolidated Statements of Cash Flows (in thousands) (Unaudited) Three Months Ended November 30, Nine Months Ended November 30, 2016 2015 2016 2015 ---- ---- ---- ---- Operating activities Net income (loss) $1,793 $(1,586) $7,014 $(7,657) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation, amortization and impairment expense 3,975 3,458 12,442 7,927 Stock-based compensation expense 9,217 7,706 25,050 21,416 Excess tax benefits from equity compensation plans (1,232) (130) (2,023) (3,390) Deferred income taxes (83) (4,166) 391 (3,927) Other 173 224 (555) 894 Changes in operating assets and liabilities: Accounts receivable, net (5,786) 1,070 (3,054) (1,073) Inventories, net 1,014 (539) 931 (1,664) Income taxes, net (460) (3,136) 3,138 883 Deferred costs 227 787 567 (1,497) Other assets 106 (866) (469) (1,799) Accounts payable 1,790 (3,902) (4,889) (1,677) Accrued payroll and related benefits (228) 1,423 898 3,721 Other liabilities 116 3,727 (646) 3,780 Deferred revenue 4,460 1,182 8,916 17,934 ----- ----- ----- ------ Net cash provided by operating activities 15,082 5,252 47,711 33,871 Investing activities Proceeds from the sale of marketable securities 1,236 2,025 11,530 9,202 Proceeds from the maturity of marketable securities 5,572 9,860 13,590 14,527 Purchases of marketable securities (37,784) (4,800) (59,561) (19,040) Purchases of property and equipment (1,296) (2,057) (4,265) (5,500) Purchases of intangible assets (374) - (1,374) - Purchases of non- marketable investments - (1,050) (636) (1,400) Business combinations, net of cash acquired - (56,113) (243) (56,862) --- ------- ---- ------- Net cash used in investing activities (32,646) (52,135) (40,959) (59,073) Financing activities Proceeds from issuance of common stock 2,556 412 7,425 4,712 Taxes paid related to net share settlement of equity awards (3,459) (1,943) (6,003) (5,969) Repurchases of common stock - (8,000) (7,241) (8,000) Employee loans extended, net of repayment (120) (4) (122) (2,488) Excess tax benefits from equity compensation plans 1,232 130 2,023 3,390 Repayment of note payable (67) (96) (200) (221) Other - (74) - (255) --- --- --- ---- Net cash provided by (used in) financing activities 142 (9,575) (4,118) (8,831) Effect of exchange rate changes on cash and cash equivalents (638) (152) (175) (267) ---- ---- ---- ---- Net increase (decrease) in cash and cash equivalents (18,060) (56,610) 2,459 (34,300) Cash and cash equivalents at beginning of period 139,173 173,683 118,654 151,373 ------- ------- ------- ------- Cash and cash equivalents at end of period $121,113 $117,073 $121,113 $117,073 ======== ======== ======== ========

    Barracuda Networks, Inc. Reconciliation of Selected GAAP to Non-GAAP Financial Measures (in thousands) (Unaudited) Three Months Ended November 30, Nine Months Ended November 30, 2016 2015 2016 2015 ---- ---- ---- ---- GAAP cost of revenue $21,098 $18,352 $61,579 $50,253 Amortization of intangible assets (1) 1,219 858 3,752 1,686 Depreciation expense (2) 1,467 1,380 4,644 3,512 Stock-based compensation expense (3) 323 286 959 752 --- --- --- --- Non-GAAP cost of revenue $18,089 $15,828 $52,224 $44,303 ======= ======= ======= ======= GAAP sales and marketing expense $33,368 $36,218 $96,842 $104,820 Amortization of intangible assets (1) 536 436 1,735 799 Depreciation expense (2) 74 160 182 229 Stock-based compensation expense (3) 2,211 1,812 6,002 5,001 Acquisition and other charges (4) - (24) - (317) --- --- --- ---- Non-GAAP sales and marketing expense $30,547 $33,834 $88,923 $99,108 ======= ======= ======= ======= GAAP research and development expense $18,627 $18,629 $56,280 $54,131 Depreciation expense (2) 126 215 417 544 Stock-based compensation expense (3) 3,737 2,271 8,809 6,106 Acquisition and other charges (4) - 531 217 2,221 --- --- --- ----- Non-GAAP research and development expense $14,764 $15,612 $46,837 $45,260 ======= ======= ======= ======= GAAP general and administrative expense $10,217 $14,872 $31,958 $36,340 Depreciation expense (2) 553 409 1,712 1,157 Stock-based compensation expense (3) 2,946 3,337 9,280 9,557 Acquisition and other charges (4) 166 4,220 750 4,523 --- ----- --- ----- Non-GAAP general and administrative expense $6,552 $6,906 $20,216 $21,103 ====== ====== ======= ======= GAAP total expense $83,310 $88,071 $246,659 $245,544 Amortization of intangible assets (1) 1,755 1,294 5,487 2,485 Depreciation expense (2) 2,220 2,164 6,955 5,442 Stock-based compensation expense (3) 9,217 7,706 25,050 21,416 Acquisition and other charges (4) 166 4,727 967 6,427 --- ----- --- ----- Non-GAAP total expense $69,952 $72,180 $208,200 $209,774 ======= ======= ======== ======== Depreciation expense (2) 2,220 2,164 6,955 5,442 ----- ----- ----- ----- Non-GAAP total expense including depreciation $72,172 $74,344 $215,155 $215,216 ======= ======= ======== ========

    Barracuda Networks, Inc. Reconciliation of Selected GAAP to Non-GAAP Financial Measures (in thousands, except per share information) (Unaudited) Three Months Ended November 30, Nine Months Ended November 30, 2016 2015 2016 2015 ---- ---- ---- ---- GAAP operating income (loss) $5,496 $(7,984) $16,731 $(9,112) Amortization of intangible assets (1) 1,755 1,294 5,487 2,485 Stock-based compensation expense (3) 9,217 7,706 25,050 21,416 Acquisition and other charges (4) 166 4,727 967 6,427 --- ----- --- ----- Non-GAAP operating income $16,634 $5,743 $48,235 $21,216 ======= ====== ======= ======= GAAP net income (loss) $1,793 $(1,586) $7,014 $(7,657) Amortization of intangible assets (1) 1,755 1,294 5,487 2,485 Stock-based compensation expense (3) 9,217 7,706 25,050 21,416 Acquisition and other charges (4) 166 4,727 967 6,427 Income tax effect on non-GAAP exclusions (5) (3,662) (8,500) (4,633) (8,642) Other expense (income) adjustments (6) 2,378 340 (96) 718 ----- --- --- --- Non-GAAP net income $11,647 $3,981 $33,789 $14,747 ======= ====== ======= ======= Non-GAAP diluted earnings per share (7) $0.22 $0.07 $0.63 $0.27 Weighted-average shares used to compute diluted earnings per share 53,995 54,283 53,391 54,743

    (1) Amortization of Intangible Assets. We provide non-GAAP information which excludes expenses for the amortization of intangible assets, as well as certain losses on disposal and impairment of such assets, that primarily relate to purchased intangible assets associated with our acquisitions. We believe that eliminating this expense from our non-GAAP measures is useful to investors because the amortization of intangible assets can be inconsistent in amount and frequency and is significantly impacted by the timing and magnitude of our acquisition transactions, which also vary in frequency from period to period. Accordingly, we analyze the performance of our operations in each period without regard to such expenses. ------------------------------------- (2) Depreciation Expense. We provide non- GAAP information which excludes depreciation expense related to the amortization of property and equipment, as well as certain losses from disposal of such assets. We believe that eliminating this expense from our non-GAAP measures is useful to investors because the acquisition of property and equipment, and the corresponding depreciation expense, can be inconsistent in amount and can vary from period to period. -------------------------------------- (3) Stock-Based Compensation Expense. We provide non-GAAP information which excludes expenses for stock-based compensation. We believe the exclusion of stock-based compensation expense allows for financial results that are more indicative of our continuing operations. We also believe that the exclusion of stock-based compensation expense provides for a better comparison of our operating results to prior periods and to our peer companies as the calculations of stock-based compensation vary from period to period and company to company due to different valuation methodologies, subjective assumptions and the variety of award types. ------------------------------------- (4) Acquisition and Other Charges. We exclude certain expense items resulting from acquisitions and other charges, which we believe are non- recurring, infrequent and/or unusual in nature, can vary significantly in amount and frequency and are unrelated to our ongoing operating performance. We believe that adjusting for these charges allows us to better compare results from period to period in order to assess the ongoing operating results of our business. The charges include: (i) acquisition-related expenses for legal, accounting, and other professional fees, integration costs, fair value remeasurements of contingent consideration obligations and contingent consideration payments made under the terms of acquisition agreements, and (ii) other costs that are non-recurring, infrequent and/ or unusual in nature, such as expenses incurred in connection with litigation, export compliance, intellectual property settlement and other matters. -------------------------------------- (5) Income Tax Effect of Non-GAAP Exclusions. We believe providing financial information with and without the income tax effect of excluding items related to our non- GAAP financial measures provide our management and users of the financial statements with better clarity regarding the ongoing performance and future liquidity of our business. Excluded items include, but are not limited to: (i) amortization expense of intangible assets, (ii) stock- based compensation expense, (iii) acquisition and other charges, and (iv) quarterly changes to the valuation allowance previously established. -------------------------------------- (6) Other Expense (Income) Adjustments. We provide non-GAAP information that excludes the effect of certain other income and losses. These adjustments consist of realized gains and losses from the sale of marketable securities and foreign currency remeasurement gains and losses. For all non-functional currency account balances, the remeasurement of such balances to the functional currency will result in either a foreign exchange gain or a loss which is recorded in other income (expense), net. We believe that eliminating these items from our non-GAAP measures is useful to investors, because these items can be inconsistent in amount and can vary from period to period. -------------------------------------- (7) Non-GAAP Diluted Earnings Per Share. We provide non-GAAP diluted earnings per share. Non-GAAP diluted earnings per share is calculated based on our non-GAAP net income divided by the weighted-average diluted shares outstanding for the period. -------------------------------------

    Barracuda Networks, Inc. Reconciliation of GAAP Net Income (Loss) to Adjusted EBITDA (in thousands) (Unaudited) Three Months Ended November 30, Nine Months Ended November 30, 2016 2015 2016 2015 ---- ---- ---- ---- GAAP net income (loss) $1,793 $(1,586) $7,014 $(7,657) Other expense (income), net 2,374 395 (131) 866 Provision for (benefit from) income taxes 1,329 (6,793) 9,848 (2,321) Acquisition and other charges 166 4,727 967 6,427 Stock-based compensation expense 9,217 7,706 25,050 21,416 Amortization of intangible assets 1,755 1,294 5,487 2,485 Depreciation expense 2,220 2,164 6,955 5,442 ----- ----- ----- ----- Adjusted EBITDA (1) $18,854 $7,907 $55,190 $26,658 ======= ====== ======= =======

    (1) Adjusted EBITDA. Beginning in the third quarter of fiscal 2017, we modified our reporting practices to comply with recent SEC interpretations on the use of non-GAAP measures. As a result, we have modified our historical presentation of adjusted EBITDA and will no longer adjust for changes in deferred revenue and associated deferred costs in our calculation of adjusted EBITDA. These changes do not impact our current and historical presentation of GAAP results. Prior period information has been recast to conform to the adjusted calculation. We define adjusted EBITDA as net income (loss) plus non-cash and non-operating charges which include: (i) other expense (income), net, (ii) provision for (benefit from) income taxes, (iii) acquisition and other charges, (iv) stock- based compensation expense, (v) amortization of intangible assets, including certain losses on disposal and impairment of intangible assets, and (vi) depreciation expense, including certain losses on disposal of fixed assets. We believe adjusted EBITDA provides an indication of profitability from our operations, and provides a consistent measure of our performance from period to period. ---------------------------------

    In addition to adjusted EBITDA, we also monitor the changes in deferred revenue and associated deferred costs to facilitate a supplemental comparison of our performance from period to period as set forth in the table below (in thousands):

    Three Months Ended November 30, Nine Months Ended November 30, 2016 2015 2016 2015 ---- ---- ---- ---- Change in deferred revenue $2,422 $1,782 $8,526 $18,755 Change in deferred costs $280 $959 $411 $(1,319)

    Barracuda Networks, Inc. Reconciliation of GAAP Cash Flows from Operating Activities to Free Cash Flow (in thousands) (Unaudited) Three Months Ended November 30, Nine Months Ended November 30, 2016 2015 2016 2015 ---- ---- ---- ---- GAAP cash flows from operating activities $15,082 $5,252 $47,711 $33,871 Purchases of property and equipment (1,296) (2,057) (4,265) (5,500) Free cash flow (1) $13,786 $3,195 $43,446 $28,371 ======= ====== ======= =======

    (1) Free Cash Flow. Beginning in the third quarter of fiscal 2017, we modified our reporting practices to comply with recent SEC interpretations on the use of non-GAAP measures. As a result, we have modified our historical presentation of adjusted free cash flow and will no longer adjust free cash flow for the cash payment impact of acquisition and other charges. These changes do not impact our current and historical presentation of GAAP results. Prior period information has been recast to conform to the adjusted calculation. We define free cash flow as cash flows from operating activities less the purchases of property and equipment. We believe free cash flow is an important liquidity measure that reflects the cash generated by the business after the purchase of property and equipment that can then be used for, among other things, strategic acquisitions, investments in the business and funding ongoing operations. ---------------------------------

    Barracuda Networks, Inc. Reconciliation of GAAP Revenue to Gross Billings (in thousands) (Unaudited) Three Months Ended November 30, Nine Months Ended November 30, 2016 2015 2016 2015 ---- ---- ---- ---- GAAP Revenue $88,806 $80,087 $263,390 $236,432 Total deferred revenue, end of period 401,300 391,617 401,300 391,617 Less: total deferred revenue, beginning of period (398,878) (389,835) (392,774) (372,862) Deferred revenue adjustments 9,171 7,139 26,982 26,540 ----- ----- ------ ------ Total change in deferred revenue and adjustments 11,593 8,921 35,508 45,295 ------ ----- ------ ------ Gross billings (1)(2) $100,399 $89,008 $298,898 $281,727 ======== ======= ======== ========

    (1) Gross Billings. We define gross billings as total revenue plus the change in deferred revenue and other adjustments, which primarily consist of returns and reserves with respect to the 30-day right of return we provide to customers, as well as rebates for certain channel partner activities. We believe that gross billings provide insight into the sales of our solutions and performance of our business. The deferred revenue balances for the prior fiscal year's comparable periods exclude amounts related to the deferred revenue assumed in connection with our acquisition of C2C Systems Limited, which closed in the second quarter of fiscal 2015. -------------------------------- (2) In order to determine how our business performed exclusive of the effect of foreign currency fluctuations, we compare the percentage change in our gross billings from one period to another using a constant currency. To present this gross billings information, the current and comparative prior period results for entities that operate in other than U.S. dollars are converted into U.S. dollars at constant exchange rates. For example, the rates in effect at November 30, 2015, which was the last day of our prior fiscal year's comparable quarter, were used to convert current and comparable prior period gross billings rather than the actual exchange rates in effect during the respective period.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/barracuda-reports-third-quarter-fiscal-2017-results-300388047.html

    Photo: http://mma.prnewswire.com/media/324434/barracuda_networks__inc__logo.jpg Barracuda Networks, Inc.

    Web site: https://www.barracuda.com/




    MTS Announces the Appointment of Ms. Maximiliane Straub to the Board of Directors

    EDEN PRAIRIE, MN, Jan. 9, 2017 /PRNewswire/ -- MTS Systems Corporation , a leading global supplier of high-performance test systems and sensors, today announced the appointment of Ms. Maximiliane (Max) Straub to its Board of Directors.

    Ms. Straub currently holds the position of Chief Financial Officer and Executive Vice President of Finance, Controlling, and Administration for Robert Bosch LLC. A native of Germany, Ms. Straub has held positions in international business, operations, finance, controlling and M&A in her nearly 25 year career with Bosch, including numerous leadership roles related to advanced automotive systems. In addition to her responsibilities at Bosch, Ms. Straub is the Vice Chair of Inforum, a professional women's alliance, and serves on the Board of Governors for the Cranbrook Institute of Science. In 2010 and 2015, Ms. Straub was recognized by the Automotive News as one of the 'Top 100 Women in the Auto Industry.'

    "We are very pleased and honored to have the opportunity to appoint Max Straub to the MTS Board of Directors," said Mr. Dave Anderson, Chairman of the Board for MTS. "Max's extensive background in the automotive industry, and her outstanding record of P&L leadership and other key executive roles with Bosch, make her an ideal fit for MTS. With Bosch's 130-year focus on technology leadership, and broad service to global automotive OEM's, Max's exposure to the rapidly changing technology trends in these markets is excellent. In addition, Bosch is among the world-leaders in sensor technology and their application to industrial automation and the 'internet of things'. This positions Max well to support MTS's growth strategies broadly, across both the Test and Sensor markets that the Company serves. Max also adds to the strong history of diversity on the MTS Board, which spans gender, geographic origin, and specific market expertise, reflecting MTS's core values and the markets that MTS serves around the world. We are proud of our history, and very pleased to have Max join us for the exciting future we see ahead for our company."

    About MTS Systems Corporation

    MTS Systems Corporation's testing hardware, software and services solutions help customers accelerate and improve their design, development and manufacturing processes and are used to determine the mechanical behavior of materials, products and structures. MTS's high-performance sensors provide controls for a variety of applications measuring motion, pressure, position, force and sound. MTS had 2,400 employees as of October 3, 2015 and revenue of $564 million for the fiscal year ended October 3, 2015. Additional information on MTS can be found at www.mts.com.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mts-announces-the-appointment-of-ms-maximiliane-straub-to-the-board-of-directors-300388019.html

    Photo: http://mma.prnewswire.com/media/159406/mts_systems_corporation_logo.jpg MTS Systems Corporation

    CONTACT: Andy Cebulla, Director of Investor Relations and Treasurer, (952)
    937-4000

    Web site: http://www.mts.com/




    Digi International Acquires SMART Temps

    Acquisition Strengthens Position as Cold Chain Leader in Foodservice Industry and Expands Addressable Market to Education and Healthcare Markets

    MINNETONKA, Minn., Jan. 9, 2017 /PRNewswire/ -- Digi International(R), , a leading global provider of machine-to-machine (M2M) and Internet of Things (IoT) connectivity products and services, today announced that it has acquired SMART Temps, a provider of real-time foodservice temperature management for restaurant, grocery, education and hospital settings as well as real-time temperature management for pharmacy, blood bank and laboratory environments. Terms of the transaction were not disclosed.

    With its third strategic acquisition in 15 months, Digi has established itself as a clear leader in the cold chain industry with more than 10,000 locations under management. The acquired SMART Temps technology will continue to be supported, as well as leveraged within Digi's existing products and services, to expand its advanced portfolio of products for the cold chain market.

    "In addition to strengthening our leadership position in the foodservice industry, this acquisition provides Digi with a strategic entry point into the education and healthcare markets," said Ron Konezny, president and chief executive officer, Digi International. "Our objective is to identify the best ideas and technologies across our cold chain portfolio to bring the most advanced solutions to market."

    The SMART Temps team, led by CEO John Miller, has more than 50 years of experience in bringing wireless temperature monitoring solutions to various food service environments. SMART Temps' educational solution provides menu integration capabilities, which decreases the time it takes to perform manual temperature tasks. Mr. Miller and the SMART Temps employees will become part of the Digi Cold Chain Solutions team and will report to COO Kevin Riley.

    "Our two companies together will bring industry-leading technology to market, so that our customers can be assured of the highest level of safety for their food and healthcare monitoring," said Miller. "We are excited to be part of Digi's growing leadership in temperature monitoring and look forward to continuing to expand our service offerings."

    Digi cold chain brands currently being marketed include: Digi Honeycomb, FreshTemp and SMART Temps.

    For more information visit: http://www.digi.com/cold-chain-solutions.

    About Digi International
    Digi International is a leading global provider of business and mission-critical machine-to-machine (M2M) and Internet of Things (IoT) connectivity products and services. We help our customers create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security, relentless reliability and bulletproof performance. Founded in 1985, we've helped our customers connect over 100 million things, and growing. For more information, visit Digi's website at www.digi.com, or call 877-912-3444 (U.S.) or 952-912-3444 (International).

    Forward-Looking Statement
    This press release contains forward-looking statements that are based on management's current expectations and assumptions. These statements often can be identified by the use of forward-looking terminology such as "anticipate," "believe," "estimate," "may," "will," "expect," "plan," "project," "should," or "continue" or the negative thereof or other variations thereon or similar terminology. Among other items, these statements relate to expectations about the future business performance and adoption of the cold chain solution purchased in the above described acquisition as well as future actions, operations and performance of Digi's cold chain solutions group. Such statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, including risks related to whether our business will perform as anticipated, the potential growth or entrance in the marketplace of competitors, some of whom may have significantly more resources than us, whether the intended target market for the cold chain solutions group will readily adopt our offerings, whether we will develop the appropriate channels to effectively sell our cold chain offerings into the marketplace, rapid changes in technologies that may displace products and services we intend to sell, delays in product development efforts, uncertainty in user acceptance of our products and services, the ability to integrate our products and services with those of other parties in a commercially accepted manner, potential liabilities that can arise if any of our products have design or manufacturing defects, our ability to defend or settle satisfactorily any litigation, uncertainty in global economic conditions and economic conditions within particular regions of the world which could negatively affect product demand and the financial solvency of customers and suppliers, the impact of natural disasters and other events beyond our control that could negatively impact our supply chain and customers, our ability to attract and retain important employees, potential unintended consequences associated with restructuring or other similar business initiatives that may impact our ability to retain important employees and our ability to execute on the business to achieve the anticipated benefits and synergies associated with the transaction. These and other risks, uncertainties and assumptions identified from time to time in our filings with the United States Securities and Exchange Commission, including without limitation, our annual report on Form 10-K for the year ended September 30, 2016 and subsequent quarterly reports on Form 10-Q and other filings, could cause the company's future results to differ materially from those expressed in any forward-looking statements made by us or on our behalf. Many of such factors are beyond our ability to control or predict. These forward-looking statements speak only as of the date for which they are made. We disclaim any intent or obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    Media Contact:
    Rick McLaughlin
    LEWIS
    Office: +1 781-418-2402
    rick.mclaughlin@teamlewis.com

    Investor Contact:
    Mike Goergen
    Senior Vice President, Chief Financial Officer and Treasurer
    Digi International
    952-912-3737
    mike.goergen@digi.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/digi-international-acquires-smart-temps-300387945.html

    Photo: http://mma.prnewswire.com/media/455263/Digi_International_Logo.jpg Digi International

    Web site: http://www.digi.com/




    Jeffrey O. Nyweide Named as CEO and President of WidePoint Corporation

    MCLEAN, Va., Jan. 9, 2017 /PRNewswire/ -- WidePoint Corporation , a leading provider of Managed Mobility Services (MMS) specializing in Cybersecurity and Telecommunications Lifecycle Management (TLM) solutions, today announced that its Board of Directors has appointed Jeffrey O. Nyweide as Chief Executive Officer and President. Nyweide was also appointed to the Board of Directors. Steve Komar will assume the role of Executive Chairman, continuing to serve as a Member of WidePoint's Board.

    Mr. Nyweide brings more than 30 years of experience to his new role. He has amassed a broad background in building and scaling businesses. His technological and entrepreneurial experience has allowed him to successfully grow a number of companies as he has led them through transitions, while strategically refining and improving their business models.

    Prior to joining WidePoint, Nyweide served as the EVP and CFO of GlobalOptions Group, a NASDAQ listed company, serving the international risk management market place. He has also served as the President and Chief Operating Officer of Dataware Technologies, Inc., a software and services company he co-founded and took public. Jeff has acted as a founding partner in Northern Light Technology, LLC and was an executive with The Service Bureau Company, a subsidiary of Control Data Corporation. Mr. Nyweide has been a Venture Partner with Millennium Technology Ventures, L.P., a New York based venture capital firm. Mr. Nyweide has a bachelor's degree in economics from Northwestern University. Throughout his career Jeff has successfully conducted strategic consulting engagements for a number of companies both domestically and internationally.

    "My time as CEO has been very energizing and professionally rewarding, and I want to thank all of the WidePoint employees and other stakeholders, past and present, who have contributed to all that we have achieved," Komar said. "I remain excited at the opportunity that lies ahead for WidePoint and I believe that Jeff Nyweide is exceptionally qualified to lead our Company into this next phase of development and growth. His hands-on technological and operational background, coupled with his ability to connect vision, people and ideas to drive strategy, are well suited for WidePoint at this point in its evolution."

    "The opportunity that lies ahead for WidePoint is extremely significant, and the ability to lead this next chapter is very exciting." Nyweide commented. "I'm focused on using my experience in conjunction with WidePoint's core expertise and innovation to take the Company to the next level. WidePoint's next generation solution sets are uniquely poised to address the convergence of two high growth markets, mobile communications and security."

    Mr. Nyweide will articulate the strategy and his plan during the fourth quarter earnings conference call in March 2017. At that time, Mr. Nyweide will be available to speak to investors.

    About WidePoint

    WidePoint is a leading provider of secure, cloud-delivered, enterprise-wide information technology-based solutions that can enable enterprises and agencies to deploy fully compliant IT services in accordance with government mandated regulations and advanced system requirements. WidePoint has several major government and commercial contracts. For more information, visit www.widepoint.com.

    For More Information:

    Brett Maas or David Fore Hayden IR (646) 536-7331 brett@haydenir.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/jeffrey-o-nyweide-named-as-ceo-and-president-of-widepoint-corporation-300387972.html

    WidePoint Corporation

    Web site: http://www.widepoint.com/




    Voting now open: help students win $15,000 and the chance to bring their app ideas to life in the Verizon Innovative Learning app challengeNinety-four student teams win at state level, now eligible to win national awards

    NEW YORK, Jan. 9, 2017 /PRNewswire/ -- Today, ninety-four teams of middle and high school students were named Best in State winners of the fifth annual Verizon Innovative Learning app challenge, a nationwide contest challenging students to design mobile app concepts aimed at improving and solving for societal issues in their schools and communities.

    The Best in State winners were chosen from more than 1,800 teams from across the country who submitted concepts for review by a panel of judges assembled by the Technology Student Association (TSA). Each Best in State team will receive $5,000 from the Verizon Foundation for their school, club or organization, along with tablets for each student team member. The teams will compete to earn one of eight Best in Nation awards, selected by a panel of education and industry experts, and the Fan Favorite award, determined by public voting.

    "As the job market shifts due to the rapid progression of technological advances, it's clear that we need to do more to increase student interest and proficiency in technology and give them project-based learning opportunities," said Justina Nixon-Saintil, director of education programs for the Verizon Foundation. "Part of that is preparing students to thrive in a digital economy, and the Verizon Innovative Learning app challenge encourages them to ideate solutions to real world problems through the digital lens they will be required to think through to be competitive for future careers."

    Over the past four years, winners of the Verizon Innovative Learning app challenge worked with experts from the Massachusetts Institute of Technology (MIT) Media Lab to produce apps that have provided solutions, such as helping blind students navigate schools, tracking sports-related concussions and making learning easier for autistic classmates.

    The eight teams named Best in Nation and the team voted as Fan Favorite will receive an additional $15,000 for their school, club or organization, the chance to build their concepts into working apps with experts from MIT and an all-expenses-paid trip to the TSA Conference in Orlando, Fla. in June 2017.

    Voting for the Verizon Innovative Learning app challenge Fan Favorite award opens today and ends February 14, 2017. For the full list of teams eligible for the award, visit http://appchallenge.tsaweb.org/vote. To vote, review the student submissions, pick your favorite team and text its code to 22333. Voting is free and standard texting rates apply, according to your service plan. Best in Nation and Fan Favorite winning teams will be announced on February 15, 2017.

    Verizon Innovative Learning, the education initiative of the Verizon Foundation, created the annual app challenge in partnership with the Technology Student Association, and in collaboration with the MIT Media Lab, to spark greater student interest in STEM (science, technology, engineering and math) and provide hands-on learning experiences.

    About the Technology Student Association (TSA)
    The Technology Student Association is a national organization devoted exclusively to the needs of students interested in science, technology, engineering and mathematics. Open to young people enrolled in or who have completed technology education courses, TSA's membership includes over 190,000 middle and high school students in 2,000 schools spanning 48 states. TSA partners with universities and other organizations to promote a variety of STEM competitions and opportunities for students and teachers. TSA is supported by educators, parents and business leaders who believe in the need or a technologically literate society. From engineers to business managers, our alumni credit TSA with a positive influence in their lives. Visit http://www.tsaweb.org for more information.

    About Verizon Innovative Learning
    Verizon Innovative Learning, the education initiative of the Verizon Foundation, brings technology and hands-on learning opportunities to middle and high school students in underserved schools and communities. We not only fund the programs, but we also create and administer them in partnership with leading nonprofits. We diligently measure the impact of our work and refine our programs to ensure we're making a difference. We've reached more than 220,000 students so far - and we're just getting started. For more information about Verizon's philanthropic work, visit www.verizon.com/about/responsibility; or for regular updates, visit Facebook (www.facebook.com/verizonfoundation) and Twitter (www.twitter.com/verizongiving).

    Verizon Communications Inc. , headquartered in New York City, has a diverse workforce of 162,000 and generated nearly $132 billion in 2015 revenues. Verizon operates America's most reliable wireless network, with 113.7 million retail connections nationwide. The company also provides communications and entertainment services over mobile broadband and the nation's premier all-fiber network, and delivers integrated business solutions to customers worldwide.

    Verizon's Online News Center: News releases, feature stories, executive biographies and media contacts are available at Verizon's online News Center at www.verizon.com/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

    Media contact:
    Jessica Thorpe
    908.559.6734
    jessica.thorpe@verizonwireless.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/voting-now-open-help-students-win-15000-and-the-chance-to-bring-their-app-ideas-to-life-in-the-verizon-innovative-learning-app-challenge-300387440.html

    Photo: http://mma.prnewswire.com/media/373129/s052548304_300_e1441481765799_Logo.jpg Verizon

    Web site: http://www.verizon.com/




    NRS Achieves Success Helping Independent Retailers CompeteOver 1700 POS Terminals Deployed in 2016 in Major Cities Across the Country with Growth Expected to Accelerate in 2017NRS Platform Enables Bodegas and Retailers to Harness the Power of CPG Suppliers

    NEWARK, N.J., Jan. 9, 2017 /PRNewswire/ -- National Retail Solutions (NRS), operator of one of the nation's fastest growing point-of-sale networks for independent retailers, said today that over 1700 customers nationwide have joined its point-of-sale (POS) network during its first year of operations. The company said that strong demand for its POS terminals and related services from retail customers will help further accelerate growth of its network in 2017. NRS is a subsidiary of IDT Corporation .

    "NRS is off to an extremely strong start," said Elie Y. Katz, President of NRS. "Bodegas and other independent retailers are hungry for our tools to help them compete against retail chains and big box stores. The NRS platform helps them to boost sales and drive customer traffic by enabling them to utilize special offers and coupons from consumer package goods (CPG) suppliers. From the CPG perspective, our platform provides unprecedented access and reach into the large and dynamic, ethnically focused consumer markets that these largely urban retailers serve."

    The POS terminals that NRS has deployed with bodegas and other independent retailers are at the heart of its platform. The terminals, which include customer and retailer facing displays, scanners, and beacon technologies, enable retailers to offer and accept coupons and special offers from leading CPG providers. CPG suppliers' offers can be transmitted via the NRS platform to retailers and directly to the over 3.2 million members of NRS' popular rewards program, BR Club.

    "For years, CPG suppliers have sought more effective ways to market to urban consumers. This large and diverse consumer segment typically purchases consumables from local, independent, ethnically-focused neighborhood stores," said Eli Korn, VP of NRS. "Through our platform, CPG's can reach both urban consumers and the independent retailers who serve them with targeted promotions, coupons, and POS advertising, while also providing a means to efficiently collect and analyze the associated transactional data."

    About National Retail Solutions (NRS):
    NRS operates a point-of-sale (POS) terminal based platform to bodegas and other independent retailers nationwide. The NRS platform provides a robust portfolio of tools to help these retailers compete more effectively including loyalty programs, consumer coupons, wholesaler discounts, and integration with Boss Revolution((R)) voice and payment services. Consumer package goods (CPG) suppliers access the NRS platform to provide promotions, coupons and special offers. The NRS platform provides CPG suppliers with unprecedented access and reach into the urban, ethnically focused consumer markets predominantly served by bodegas and other independent retailers. NRS is a subsidiary of IDT Corporation .

    About IDT Corporation:
    IDT Corporation , through its IDT Telecom division, provides telecommunications and payment services to individuals and businesses primarily through its flagship Boss Revolution((R)) and Net2Phone((R)) brands. IDT Telecom's wholesale business is a leading global carrier of international long distance calls. For more information on IDT, visit www.idt.net.

    All statements within this release that are not purely about historical facts, including, but not limited to, those which use the words "believe," "anticipate," "expect," "plan," "intend," "estimate," "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent IDT's current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. IDT's filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/nrs-achieves-success-helping-independent-retailers-compete-300387732.html

    Photo: http://mma.prnewswire.com/media/455178/National_Retail_Solutions_Logo.jpg IDT Corporation

    CONTACT: Elie Y. Katz, President, National Retail Solutions,
    Elie.Katz@idt.net, 973-438-6125

    Web site: http://www.idt.net/




    Cardpool Makes it Easier to Buy and Sell Gift Cards

    SAN FRANCISCO, Jan. 9, 2017 /PRNewswire/ -- According to the National Retail Federation, gift cards are one of the most popular gifts to give, with 56 percent of consumers surveyed saying they planned to give gift cards this year(1). However, sometimes a recipient receives a gift card they don't intend to use. For those looking to find their preferred brand of gift card at a discount or to simply sell their gift cards for cash, Cardpool today announced its redesigned website, Cardpool.com, which makes it even easier to sell and buy gift cards by mobile phone, tablet or computer.

    Through Cardpool--a leading gift card exchange company owned by Blackhawk Network--consumers can buy gift cards for up to 35 percent off and sell gift cards for up to 92 percent of their value. By connecting gift card holders into one gift card exchange marketplace, Cardpool helps consumers get exactly what they want, whether it's a discounted gift card, a different gift card, or simply cash.

    "Cardpool helps to streamline the buying and selling process for pre-owned gift cards and egifts. We're continuously working to enhance and optimize our gift card exchange tools to get the right brands in the right hands(TM)," said Patrick Ramsey, general manager of Cardpool. "We're delighted to offer our customers a more user-friendly site for selling and purchasing guaranteed(2) pre-owned gift cards and egifts."

    The updated Cardpool.com offers a new look and feel and enhanced user experience. Additional features of the newly-designed site include:

    --  Optimization for mobile, tablet, and desktop use.
    --  Expanded inventory of guaranteed pre-owned gift cards and supported
    retailer brands.
    --  Personalized gift card recommendations based on each user's shopping
    history.
    --  Enhanced sorting options to find the most popular or most heavily
    discounted cards.
    --  Swift Buy(TM) enables users to save time finding multiple gift cards for
    a retailer with balances totaling to or near the desired spend (e.g., a
    user enters $1,000 as the total amount they want to spend and Swift
    Buy(TM) finds three gift cards for purchase that equal or are near this
    amount).
    --  Find a Location: Cardpool customers can find the nearest physical
    location to exchange gift cards for cash or another gift card.
    

    In addition to the new website, Cardpool supports purchases and sales of gift cards through a variety of in-store partnerships and via mobile application. To visit the new website or to sell and purchase a gift card, visit www.cardpool.com.

    About Cardpool
    Cardpool, Inc., a Blackhawk Network, Inc. company, is a leading gift card exchange company where customers can buy discounted gift cards or sell gift cards for cash. Cardpool verifies the balance of each of its gift cards and offers the Cardpool Purchase Guarantee; see cardpool.com for terms and conditions. Cardpool also helps retailers provide their shoppers with these exchange services in their own physical stores or on retailer-branded sites. Cardpool provides a turn-key solution driving commerce for its partners, and retailers may integrate with the exchange services by using Cardpool's proprietary APIs. Located in San Francisco, California; visit Cardpool at www.cardpool.com.

    About Blackhawk Network
    Blackhawk Network Holdings, Inc. is a leading global stored value and payments provider, which supports the program management and distribution of gift cards, telecom products, and financial services products in retail, digital and incentive channels. Blackhawk's digital platform enables the management of stored value products, promotions, and loyalty programs across a network of digital distribution partners including retailers, financial service providers, and mobile wallets. For more information, please visit www.blackhawknetwork.com or product websites Cardpool, Gift Card Lab, Gift Card Mall, GiftCards.com and OmniCard.

    (1) National Retail Federation's 2016 Holiday Shopping Survey is a survey conducted by Prosper Analytics & Insights from November 1-8, 2016. The sample size included 7,206 respondents. (2) Cardpool guarantees any gift card purchased from Cardpool will be valid at the merchant and for the dollar amount specified on an order. Cardpool makes such guarantees for up to 180 days from the date of purchase. If a customer is unable to redeem their card for the full amount specified in their order during that time, they may contact Cardpool for a refund. The guarantee is subject to a maximum of $1,000 lifetime per customer.

    CONTACT:
    Amanda Fiech
    amanda@fletchergroupllc.com
    303-525-0520

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cardpool-makes-it-easier-to-buy-and-sell-gift-cards-300387241.html

    Photo: http://mma.prnewswire.com/media/451752/Cardpool_Logo.jpg Cardpool, Inc.

    Web site: https://www.cardpool.com/




    QIAGEN Enhances Bioinformatics Portfolio with Acquisition of OmicSoftPowerful multi-omics data management solution and highly curated 'omics' data sets complement QIAGEN's industry-leading interpretation solutions

    HILDEN, Germany and GERMANTOWN, Maryland, January 9, 2017 /PRNewswire/ --

    QIAGEN N.V. today announced the acquisition of OmicSoft Corporation, providing access to OmicSoft's powerful multi-omics data management infrastructure solution as well as expertly curated 'omics' data sets that complement QIAGEN's bioinformatics portfolio that are relied upon by customers worldwide to gain valuable insights into complex biological data.

    OmicSoft is recognized for its suite of cutting-edge software solutions that enable scientists and researchers to efficiently analyze and visualize their own data sets and compare them to massive volumes of publicly available 'omics' data sets - such as The Cancer Genome Atlas (TCGA) operated by the U.S. National Cancer Institute - and share results with colleagues. These solutions, which integrate enterprise access and cloud-based resources, are essential in addressing the rapidly growing need of researchers in discovery and translational research to manage, compare and share the massive volumes of data on DNA, RNA and other biological variables generated with next-generation sequencing (NGS) technologies.

    OmicSoft is expected to greatly enhance QIAGEN's industry-leading bioinformatics portfolio by adding key features for the management, analysis and sharing of both primary data and analyzed results, while also expanding the range of QIAGEN's translational and clinical applications.

    Click here [https://www.qiagen.com/about-us/press-releases/pressreleaseview?ID=%7bB26D008F-C0E7-401C-BBA8-7FEF6DD1C448%7d&lang=en ] for full press release

    https://www.qiagen.com/about-us/press-releases/pressreleaseview?ID= {B26D008F-C0E7-401C-BBA8-7FEF6DD1C448}&lang=en [https://www.qiagen.com/about-us/press-releases/pressreleaseview?ID=%7bB26D008F-C0E7-401C-BBA8-7FEF6DD1C448%7d&lang=en ]

    QIAGEN contacts:

    Investor Relations John Gilardi +49-2103-29-11711 Dr. Sarah Fakih +49-2013-29-11457 e-mail: ir@QIAGEN.com Public Relations Dr. Thomas Theuringer +49-2103-29-11826 e-mail: pr@QIAGEN.com

    QIAGEN N.V.



    Coherent, Inc. to Present at the 19th Annual Needham Growth Conference

    SANTA CLARA, Calif., Jan. 9, 2017 /PRNewswire/ -- Coherent, Inc. , today announced that its Chief Executive Officer, John Ambroseo, is scheduled to present at the 19(th) Annual Needham Growth Conference to be held at the Lotte New York Palace Hotel on Tuesday, January 10, 2017, at 12:50PM, ET. A live webcast of the presentation will be available at http://www.coherent.com/Investors/.

    Founded in 1966, Coherent, Inc. is one of the world's leading providers of lasers and laser-based technology for scientific, commercial and industrial customers. Our common stock is listed on the Nasdaq Global Select Market and is part of the Russell 2000 and Standard & Poor's SmallCap 600 Index.

    For more information about Coherent, visit the company's website at http://www.coherent.com/ for product and financial updates.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/coherent-inc-to-present-at-the-19th-annual-needham-growth-conference-300387476.html

    Photo: http://mma.prnewswire.com/media/345114/coherent_Logo.jpg Coherent, Inc.

    CONTACT: Kevin Palatnik, (408) 764-4110

    Web site: http://www.coherent.com/




    IBM and Illumina Partner to Standardize Genomic Data InterpretationData interpretation from Watson will help users translate genomic data from Illumina TruSight(R) Tumor 170; offering to be available early in 2017

    SAN FRANCISCO, Jan. 9, 2017 /PRNewswire/ -- IBM Watson Health and Illumina, Inc. today announced a groundbreaking partnership to expand access to genome data interpretation by integrating Watson for Genomics into Illumina's BaseSpace((R)) Sequence Hub and tumor sequencing process. The collaboration is designed to help standardize and simplify genomic data interpretation.

    http://photos.prnewswire.com/prnvar/20090416/IBMLOGO

    By adding Watson for Genomics to Illumina's next-generation sequencing platform, researchers who use Illumina's cancer genome sequencing panel will have rapid access to information to help interpret the broad array of variant data produced by TruSight Tumor 170. Illumina's TruSight(R) Tumor 170 is a solid tumor profiling panel designed to detect a comprehensive set of variants across 170 genes.

    In a matter of minutes, Watson for Genomics will read the genetic alteration files produced by TruSight Tumor 170, comb professional guidelines, medical literature, clinical trials compendia, and other sources of knowledge to provide information for each genomic alteration, and produce a report for use by researchers -- a process that typically takes scientists more than one week to complete. Watson for Genomics ingests data from approximately 10,000 scientific articles and 100 new clinical trials every month.

    The Watson for Genomics software will be available to support Illumina's TruSight Tumor 170 assay early in 2017.

    Cancer is a leading cause of death worldwide and a growing body of research shows that analyzing the genomic basis of a tumor can be important for understanding the individual patient's disease, a major aspect of precision medicine. However, the output of next generation sequencing panels requires sophisticated analyses to help identify the mutations responsible for cancer growth and correlate that information with potential standard and experimental treatment options. This is where Watson is expected to help.

    "To enable precision cancer medicine on a large scale, we need new tools to overcome the data barriers of genomic research," said Francis deSouza, President and CEO of Illumina. "With a comprehensive assay of Illumina and the power of Watson, we hope to deliver a rapid turnaround of the genomic alteration results."

    Genome sequencing has increased in recent years following two decades of research demonstrating the promise of precision medicine. However, access to these advances has been limited by the significant time and expense required to interpret the genomic data.

    "This partnership lays the groundwork for more systematic study of the impact of genomics in oncology," said Deborah DiSanzo, general manager, IBM Watson Health. "Together we are poised to help researchers realize the potential of precision oncology by expanding access to valuable genome sequencing from Illumina and reliable, standardized genomic interpretation from Watson."

    For Research Use Only. Not for use in diagnostic procedures.

    About IBM Watson Health
    Watson is the first commercially available cognitive computing capability representing a new era in computing. The system, delivered through the cloud, analyzes high volumes of data, understands complex questions posed in natural language, and proposes evidence-based answers. Watson continuously learns, gaining in value and knowledge over time, from previous interactions. In April 2015, the company launched IBM Watson Health and the Watson Health Cloud platform. The new unit helps improve the ability of doctors, researchers and insurers to innovate by surfacing insights from the massive amount of personal health data being created and shared daily. The Watson Health Cloud can mask patient identities and allow for information to be shared and combined with a dynamic and constantly growing aggregated view of clinical, research and social health data. For more information on IBM Watson, visit: ibm.com/watson. For more information on IBM Watson Health, visit: ibm.com/watsonhealth.

    About Illumina
    Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as the global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical, and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. To learn more, visit www.illumina.com and follow @illumina.

    Media Contacts:

    Christine Douglass
    IBM Media Relations
    415-535-4479
    cgdouglass@us.ibm.com

    Jen Carroll
    Illumina Media Relations
    858-882-6822
    pr@illumina.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ibm-and-illumina-partner-to-standardize-genomic-data-interpretation-300387427.html

    Photo: http://photos.prnewswire.com/prnh/20090416/IBMLOGO IBM Watson Health



    Soul and Vibe Announces The Retirement Of A Convertible Note

    MINNEAPOLIS, Jan. 9, 2017 /PRNewswire/ -- Soul and Vibe Interactive Inc. , or the "Company," a publisher of games, music, and interactive books for digital devices, announced today that it has satisfied a convertible debenture with an investor.

    As disclosed on Form 8-K on June 8, 2015, a convertible note was executed between the Company and the investor on June 2, 2015. The Original Outstanding Principal Amount of the June 2, 2015 debenture was $45,000 and bore an interest rate of 8%. During the 4(th) quarter of 2016, the outstanding balance of the June 2, 2015 debenture was reduced to $0; the June 2, 2015 debenture has been fully converted into shares of the Company's common class stock.

    The satisfaction of the June 2, 2015 debenture further decreases the Company's current debt obligations. The satisfaction of the June 2, 2015 debenture further reduces the potential for future derivative liability having an impact on the Company's balance sheet. The Company anticipates the retirement of debt and the reduction of potential future derivative liability will benefit its valued shareholders and investors.

    About Soul and Vibe Interactive Inc.
    Soul and Vibe Interactive Inc. (Soul & Vibe Interactive Inc. on www.sec.gov) is a publisher of games and games-related content for consoles, mobile devices, and personal computers addressing a market projected to grow to $100 billion by year-end 2018. The Company specializes in the creation of original intellectual properties and has extensive experience licensing world-renowned brands from influential companies. Soul and Vibe has a license agreement with Deere & Company, and game development and publishing agreements for the Xbox 360(R) video game and entertainment system, Windows 8, Windows Live, and Windows Phone from Microsoft, the PlayStation(R) 3 computer entertainment system and PlayStation(R) Vita (PS Vita) from Sony, and the Nintendo 3DS(TM) system and the Wii U(TM) system from Nintendo. Through partnerships with technically sophisticated software developers located all over the world, Soul and Vibe transforms unique concepts into engaging, highly accessible, and affordable games and entertainment experiences. www.soulandvibe.com.

    Facebook: Soul and Vibe's official Facebook page
    Twitter: Soul and Vibe's official Twitter page
    YouTube: Soul and Vibe's official YouTube channel

    Safe Harbor Statement
    This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, trends, analysis, and other information contained in this press release, including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," and other similar expressions of opinion, constitute forward-looking statements. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company's estimates as of the date of the press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/soul-and-vibe-announces-the-retirement-of-a-convertible-note-300387581.html

    Soul and Vibe Interactive Inc.

    CONTACT: Contact: Investor Relations, Soul and Vibe Interactive Inc.,
    Phone: +1-763-400-8040, info@soulandvibe.com, Website: www.soulandvibe.com

    Web site: http://www.soulandvibe.com/




    IBM Inventors Receive Record-Breaking 8,000+ U.S. Patents in 2016IBMers received 2,700+ cognitive and cloud computing patents during 2016#1 on U.S. Patent List for 24th Consecutive Year

    ARMONK, N.Y., Jan. 9, 2017 /PRNewswire/ -- IBM today announced that it broke the U.S. patent record with 8,088 patents granted to its inventors in 2016, marking the 24th consecutive year of innovation leadership. IBM's 2016 patent output covers a diverse range of inventions in artificial intelligence and cognitive computing, cognitive health, cloud, cybersecurity and other strategic growth areas for the company.

    IBM inventors were granted more than 22 patents per day in 2016, enabling the company to become the first to surpass 8,000 patents in a single year. IBM researchers, engineers, and designers generated more than 2,700 patents for inventions related to AI, cognitive computing and cloud computing.

    "Leading the world in innovation for 24 years in a row is a result of IBM's unmatched commitment to innovation and R&D-reflected in this year's new U.S. patent record, breaking the 8,000 barrier for the first time," said Ginni Rometty, IBM's chairman, president and CEO. "We are deeply proud of our inventors' unique contributions to discovery, science and technology that are driving progress across business and society and opening the new era of cognitive business."

    More than 8,500 IBM inventors residing in 47 states and territories and 47 countries are responsible for IBM's record-setting 2016 patent tally. IBM inventors based in New York received over 2,700 patents, while IBMers based in California and Texas were granted over 1,000 patents each. The United States is home to more than half of IBM's $5.4 billion annual investment in research and development. This substantial commitment to unlocking new technologies is what has long propelled IBM into new markets, allowing it to create value for clients and opportunity for its employees, including the 25,000 Americans the company has pledged to hire over the next four years.

    The Top Ten list of 2016 U.S. patent recipients* includes:

    1. IBM - 8,088
    2. Samsung Electronics - 5,518
    3. Canon - 3,665
    4. Qualcomm - 2,897
    5. Google - 2,835
    6. Intel - 2,784
    7. LG Electronics - 2,428
    8. Microsoft - 2,398
    9. Taiwan Semiconductor Manufacturing Co. - 2,288
    10. Sony - 2,181
    

    *Data provided by IFI CLAIMS Patent Services

    In the area of cognitive computing and artificial intelligence, IBM inventors patented more than 1,100 inventions that help machines learn, reason, and efficiently process diverse data types while interacting with people in natural and familiar ways. For example:

    --  Machine learning to secure the best answers: Providing accurate answers
    to questions that are posed by users is a fundamental goal of cognitive
    computing. IBM inventors created an approach for generating candidate
    answers to a question and then determining how good each candidate
    answer is based on a ground truth about the question - a baseline that
    the model knows to be true and can build on. When this process is
    applied iteratively, answer strength increases and the best answers for
    a question are identified and incorporated into the machine learning
    model, which can be applied across industries from financial services to
    retail. (US Patent #9,384,450: Training machine learning models for
    open-domain question answering system)
    --  Planning the best route for a traveler's cognitive state: Current
    navigation systems are programmed to change routes based on road
    conditions, but do not take into account a driver's cognitive state. IBM
    inventors have developed a method for planning a trip route based on the
    state of travelers that affects driving risk the most: their
    state-of-mind. Had a long day or easily overwhelmed? This system will
    help you navigate a less stressful route home. (US Patent #9,384,661:
    Cognitive needs-based trip planning)
    

    IBM inventors were awarded patents on innovations that will help advance cognitive healthcare. For example:

    --  Using images to better gauge heart health: Cardiac disease
    categorization is challenging due to complexity of the heart. IBM
    researchers have developed a method for categorizing human heart disease
    states by using cardiac images to characterize the shape and motion of
    the heart. This could be used to aid doctors with the diagnosis of heart
    disease symptoms. (US Patent #9,311,703: Method and system for
    categorizing heart disease states)
    --  A personalized hearing aid to meet your specific needs: Finding hearing
    aid devices personalized to meet the specific needs of individual users
    continues to be a challenge. IBM inventors developed a hearing aid
    device that can distinguish and filter voices and sounds. The device
    could be trained to distinguish sounds such as a smoke alarm and to
    listen intelligently to one's environment while filtering some sounds
    and amplifying others to improve the user's experience with the device.
    (US Patent #9,374,649: Smart hearing aid)
    --  Using drones to clean microbes in hospitals and agricultural fields: In
    this patent, surveying, testing and measuring contamination is
    controlled by a cognitive facility that manages drones. The drones could
    enter a contaminated area, collect specimens then confirm and map and
    sterilize contamination. This process is triggered by specific risks or
    performed on an ongoing basis. By collecting and sterilizing microbe
    samples through a drone, or fleet of drones, new insights into bacterial
    infections in the hospital, or farmland become possible. (US Patent
    #9,447,448: Drone-based microbial analysis system)
    

    IBM inventors also patented more than 1,600 inventions that can help advance the field of cloud computing. For example:

    --  Cognitive Cloud for your applications: Cloud Computing enables
    resiliency and availability of resources for applications. This patent
    pro-actively identifies hotspots in a cloud computing environment,
    including the server, storage and network where a resource constraint is
    likely to occur causing performance problems. The cloud learns
    parameters associated with a workload and provides an autonomic solution
    based on cloud resource usage for deployment or migration of
    applications. Another IBM innovation -- identifying a potential problem
    before it becomes an actual problem -- keeping your cloud computing
    environment running smoothly. (US Patent #9,329,908: Proactive
    identification of hotspots in a cloud computing environment)
    --  Measurement and Integrated Reporting of Public Cloud Usage in a Hybrid
    Cloud Environment: Using a public cloud in a hybrid cloud environment
    provides both cost advantages as well as the availability of additional
    resources. The patent teaches an approach for provisioning public cloud
    resources and actively monitoring how much you are using at each public
    cloud. Unified usage reports describing the services supplied by
    multiple public cloud service providers are generated and provide
    detailed information on which of your users are consuming resources, who
    is proving those resources, and how much it costs. This innovation
    enables enterprises to monitor and measure employee and application
    usage and reduce information technology costs. (US Patent #9,336,061:
    Integrating metering of service usage for hybrid clouds)
    

    IBM inventors also received patents for inventions expected to enable new cybersecurity solutions. For example:

    --  Pre-emptively detecting and isolating cloud application network
    intrusions: Developers can build and deploy new applications faster and
    easier than ever thanks to the self-service model of cloud computing,
    resulting in rapid delivery of competitive value to the business. But
    those new applications still need rock-solid enterprise security in an
    age of more frequent and high-profile network intrusions. IBM inventors
    have developed an approach that allows developers to declare
    fine-grained security policies for their applications by specifying
    their required degree of isolation. When network breaches are detected,
    networking between applications - or their subcomponents - can be locked
    down to minimize the impact of an attack. Enabling rapid development of
    cloud-native applications, without abandoning the security that modern
    enterprises need -- another IBM innovation at work. (US Patent
    #9,361,455: Security management in a networked computing environment)
    --  Managing incoming communications to prevent phishing and the spread of
    malicious content: As hackers become savvier, there is a need for more
    intelligent filtering of incoming communications that are sent to users.
    IBMers invented a system to create levels of permission and trust for
    inbound communications such as e-mails and text messages. This system
    determines a level of trustworthiness to assign to an inbound
    communication, and how much of that communication to forward on to a
    user. (US Patent #9,460,269: Communications security management)
    

    2016 patent data provided by IFI CLAIMS Patent Services: http://www.ificlaims.com

    Contact information:
    Chris Blake
    IBM Research, External Communications Lead
    blakechr@us.ibm.com
    415-613-1120

    Chris Andrews
    IBM External Relations
    candrews@us.ibm.com
    914-499-5130

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ibm-inventors-receive-record-breaking-8000-us-patents-in-2016-300387665.html

    Video: https://youtu.be/sQ8SEUe-SU0 Photo: http://mma.prnewswire.com/media/455088/IBM_inventors_8088_patents_2016.jpg
    http://mma.prnewswire.com/media/95470/ibm_logo.jpg IBM



    Air Products to Expand Nitrogen Capacity in Korea's Pyeongtaek City to Support Increasing Demand of Semiconductor Industry

    LEHIGH VALLEY, Pa., Jan. 9, 2017 /PRNewswire/ -- Air Products today announced it will increase nitrogen production to serve the growing demand of its existing customer in Pyeongtaek City, Gyeonggi Province, South Korea. It is Air Products' second phase of capacity expansion to supply the semiconductor fab.

    Air Products was awarded a major contract in 2015 for the supply of its industrial bulk gases and bulk specialty gas supply system. The company is undertaking a multi-phase expansion project involving multiple ultra high-purity nitrogen plants, hydrogen generators and a liquefier. In this phase, a second nitrogen plant will be built.

    "We are pleased to bring additional nitrogen capacity to the semiconductor fab to support its increasing demand," said Kyo-Yung Kim, president of Air Products Korea. "Our latest expansion represents Air Products' commitment to growing together with customers in the expanding region through continued investment. It will put us in an even stronger position to deliver our safe and reliable industrial gas solutions in a very cost-effective way."

    A leading integrated gases supplier for the global electronics industry, Air Products has more than 40 years of experience in the safe and reliable delivery of gases to a variety of markets, including some of the world's biggest technology companies. Air Products is working with these industry leaders to develop the next generation of semiconductors and displays for tablets, computers and mobile devices.

    About Air Products
    Air Products is a world-leading Industrial Gases company in operation for over 75 years. The Company's core industrial gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. Air Products is also the world's leading supplier of liquefied natural gas process technology and equipment.

    The Company had fiscal 2016 sales of $7.5 billion from continuing operations in 50 countries and has a current market capitalization of approximately $30 billion. Approximately 16,000 employees are making Air Products the world's safest and best performing industrial gases company, providing sustainable offerings and excellent service to all customers. For more information, visit www.airproducts.com.

    NOTE: This release may contain forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's reasonable expectations and assumptions as of the date of this release regarding important risk factors. Actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors not anticipated by management, including risk factors described in the Company's Form 10K for its fiscal year ended September 30, 2016.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/air-products-to-expand-nitrogen-capacity-in-koreas-pyeongtaek-city-to-support-increasing-demand-of-semiconductor-industry-300387701.html

    Air Products

    CONTACT: Media Inquiries: (Asia) Jessica Cheng, tel: (852) 2863-0585;
    email: chengjs@airproducts.com or (U.S.) Debbie Bauer, tel: (610) 481-8061;
    e-mail: bauerda@airproducts.com or Investor Inquiries: Simon Moore, tel:
    (610) 481-7461; e-mail: mooresr@airproducts.com

    Web site: http://www.airproducts.com/




    Diebold Nixdorf Unveils World's Smallest Self-Checkout Concept To Drive Future Of Connected Commerce For RetailersSoftware-driven solution enables seamless end-to-end shopping experience for consumers

    NEW YORK, Jan. 9, 2017 /PRNewswire/ -- Diebold Nixdorf, a leading provider of innovative self-service solutions to top retailers, is showcasing a new self-checkout concept for the retail market. At just under 10 inches (25 centimeters) wide, the new Extreme Self-Checkout Concept is just one and a half times the width of a dollar bill and fits perfectly in any environment. With the ability to serve as an automated teller machine (ATM), point-of-sale (POS) terminal and a self-checkout unit, the concept enables an unprecedented level of consumer convenience by connecting the physical and digital worlds of shopping to create a seamless end-to-end experience.

    http://photos.prnewswire.com/prnvar/20080725/DIEBOLDLOGO

    By accepting cash, card and contactless payments, the Extreme Self-Checkout Concept enables retailers to meet the needs of today's consumers while driving the future of connected commerce. Additionally, the concept's extremely small footprint enables retailers to free up valuable floor space. The addition of an EMV chip reader further eliminates the risk of card fraud by exclusively reading the cards EMV chip versus the entire magnetic stripe.

    Working together with Diebold Nixdorf's TPiSHOP mobile application, retailers are able to connect the entire shopping experience for consumers beginning at home in the planning phase. Consumers are then able to use their retailer's mobile app to build lists and receive suggestions on the fastest route through the store, personalized ads and purchase recommendations based on their location. As the consumer moves through the store, they simply scan the items they wish to purchase using their mobile device. Once complete, the consumer can bypass traditional self-checkout lines via the Extreme Self-Checkout Concept and leave the store. Additionally, the flexibility of the concept enables retailers to offer a wide range of additional services to consumers in a self-service environment such as cash back, check cashing and bill pay services.

    "As banks and retailers seek to enhance consumer experiences, the line between physical and digital channels will continue to blur. This concept enables retailers to embrace the future of consumer transactions while utilizing their current infrastructure and technology," said Richard Harris, Diebold Nixdorf vice president, design and new technology incubation. "Diebold Nixdorf is uniquely positioned to guide both retailers and financial institutions through this complex ecosystem to deliver the future of connected commerce."

    The concept will be unveiled for the first time in Diebold Nixdorf's booth #2879 at the National Retail Federation (NRF) BIG Show, the world's leading annual retail event, Jan. 15-17 in New York.

    About Diebold Nixdorf
    Diebold Nixdorf is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world's top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an 'always on' and changing consumer landscape.

    Diebold Nixdorf has a presence in more than 130 countries with approximately 25,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Shares are traded on the New York and Frankfurt Stock Exchanges under the symbol 'DBD'. Visit www.DieboldNixdorf.com for more information.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/diebold-nixdorf-unveils-worlds-smallest-self-checkout-concept-to-drive-future-of-connected-commerce-for-retailers-300386699.html

    Photo: http://photos.prnewswire.com/prnh/20080725/DIEBOLDLOGO Diebold Nixdorf

    CONTACT: Media Relations, Renee Murphy, +1 330-490-5825,
    renee.murphy@dieboldnixdorf.com; Investor Relations, Steve Virostek,
    +1-330-490-6319, steve.virostek@dieboldnixdorf.com

    Web site: http://www.dieboldnixdorf.com/




    Philips and Illumina join forces to offer integrated genomics solutions for oncologyCollaboration aims to leverage Illumina's world-class DNA sequencing technology and BaseSpace(R) Sequence Hub with Philips' innovative cloud-based genomics platform for the acquisition, analysis and interpretation of genomics data in cancer research

    AMSTERDAM and SAN DIEGO, Jan. 9, 2017 /PRNewswire/ -- Royal Philips , a global leader in health technology, and Illumina, Inc. , the global leader in DNA sequencing and array-based technologies, today announced a strategic collaboration that aims to integrate Illumina's sequencing systems for large-scale analysis of genetic variation and function and Philips' IntelliSpace Genomics clinical informatics platform, and to coordinate marketing and sales of the resulting solutions. Philips and Illumina will also seek to engage in clinical research collaborations with health systems in the US that want to develop precision medicine programs in oncology.

    Profiling tumors using genomic information is critical for complex cancer cases, and next-generation DNA sequencing - the process of rapidly profiling large sections of the genome in parallel to find mutations - is increasingly being used for this. However, challenges remain in developing ways to rapidly and accurately interpret genomic findings in the context of a patient's condition. While cancer patients can have hundreds of gene variants in their tumors, only a small number may actually drive the individual's specific cancer or may have actionable therapeutic implications for a particular patient. The patient's history, related lab tests and cancer type are needed for a meaningful interpretation of the genomic data.

    Philips and Illumina will collaborate to provide new solutions aimed at the acquisition, analysis, annotation and interpretation of genomics data in oncology cases. The data will be acquired by Illumina's BaseSpace((R)) Sequence Hub connected to its instruments and will be processed through Philips' IntelliSpace Genomics solution for oncology. This solution will combine data from multiple sources -- radiology, immunohistochemistry, digital pathology, medical records and lab tests -- and will deliver a consolidated dashboard view. This system will support researchers to develop insights more efficiently and will ultimately support lowering the cost of health care delivery and improved health outcomes.

    "The value of genomic information for personalized care, and for the treatment of patients with cancer in particular, is tremendous," said Jeroen Tas, CEO of Connected Care and Health Informatics at Philips. "Until now the ability to use genomic data with the aim of having a precise diagnosis of cancer and improve treatment was mostly for the domain of academic centers. Through this collaboration we will unlock the value of genomics for a much wider group of laboratories and care providers to help them advance genomics initiatives at greater speed with the aim to offer precision medicine with better outcomes for their patients."

    "We believe that this collaboration will provide an excellent path for our next-generation sequencing systems to be incorporated into health systems in the U.S. and worldwide," said Francis deSouza, President and CEO of Illumina. "One key strategy in our commitment to improving human health is connecting genomics to the everyday business of healthcare: based on integrated patient data, embedded into clinical pathways, supported by real-world evidence and reimbursement models."

    The two companies intend to collaborate on system integration, cohort analysis and health economics applications, and future research programs. Laboratories adopting the solution will be able to integrate sequencing data with information from multiple data sources (e.g., imaging, pathology and laboratory). The Illumina-Philips solution will also give them ready access to advanced analytics, deep learning technologies and available reference literature, guidelines, and evidence in a single view.

    IntelliSpace Genomics is powered by Philips HealthSuite, a secure, cloud-enabled ecosystem of systems, clinical applications and digital tools that gives access to advanced capabilities such as universal big data management, predictive analytics, artificial intelligence and Internet of Things (IoT) to support clinicians in first-time-right decision support. This enables Philips IntelliSpace Genomics to deliver real-time, actionable information to physicians and specialists for therapy planning, across locations.

    BaseSpace((R)) Sequence Hub is a cloud-based platform that seamlessly extends Illumina instruments for the acquisition and analysis of genomic data, and managing sequencing runs and Illumina sequencing platforms to optimize operations. It enables the sharing of genomic data with a broad range of value-added Illumina and ecosystem analysis applications.

    For Research Use Only. Not for use in diagnostic procedures.

    For further information, please contact:

    Steve Klink
    Philips Group Communications
    Tel.: +31 6 10888824
    E-mail: steve.klink@philips.com

    Kathy O'Reilly
    Philips Group Communications
    Tel: +1 978-221-8919
    E-mail: Kathy.Oreilly@Philips.com
    Twitter: @kathyoreilly

    About Royal Philips
    Royal Philips is a leading health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips' health technology portfolio generated 2015 sales of EUR 16.8 billion and employs approximately 70,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter

    About Illumina
    Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as the global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical, and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. To learn more, visit www.illumina.com and follow @illumina.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/philips-and-illumina-join-forces-to-offer-integrated-genomics-solutions-for-oncology-300387605.html

    Photo: http://mma.prnewswire.com/media/324348/royal_philips_logo.jpg
    http://mma.prnewswire.com/media/454983/Royal_Philips__Illumina_Logo.jpg
    http://mma.prnewswire.com/media/454984/Royal_Philips_basespace_suite_logo_sequence_hub_reg_Logo.jpg
    http://mma.prnewswire.com/media/454985/Royal_Philips_Illumina_Lab_123.jpg
    http://mma.prnewswire.com/media/454986/Royal_Philips_Illumina_Lab_318.jpg
    http://mma.prnewswire.com/media/454987/Royal_Philips_Philips_IntelliSpace_Genomics__Therapy_match.jpg
    http://mma.prnewswire.com/media/454988/Philips_IntelliSpace_Genomics__pathologist_2nd_opinion.jpg Royal Philips



    Intergraph Government Solutions Announces Corporate Name Change to Hexagon US FederalRepositioning reflects expansion of new technology services

    HUNTSVILLE, Ala., Jan. 9, 2017 /PRNewswire/ -- Intergraph Government Solutions (IGS) today became Hexagon US Federal, a wholly owned subsidiary of Hexagon Safety & Infrastructure serving the U.S. federal government market. The new name allows the company to more closely identify with a global technology leader and better offer Hexagon family best-of-class technology directly to U.S. government customers.

    "Six years ago, we were acquired by Hexagon and now it's time to evolve," said Joe Fehrenbach, president and chief executive officer, Hexagon US Federal. "Our commitment to high quality services, solutions and products, as well as our core values of accountability, integrity, relationships and excellence that guide our business will not change."

    Hexagon US Federal will continue to operate with an independent board of directors and the current leadership and structure will remain intact. The Intergraph name will still be seen on some product lines and no business will be interrupted.

    "We're excited about this change and what the future holds," said Fehrenbach. "We also look forward to continued success with our partners and customers."

    The new name and brand include a new logo, brand creative identity, a new website and more.

    About Hexagon US Federal

    Hexagon US Federal is a wholly owned independent subsidiary of Hexagon Safety & Infrastructure serving the US federal government. Hexagon US Federal provides mission-critical and business-critical solutions to governments and service providers. A global leader, proven innovator and trusted partner, our software and industry expertise help improve the lives of millions of people through safer communities, better public services and more reliable infrastructure. Visit www.hexagonusfederal.com for more information.

    Hexagon US Federal is part of Hexagon , a leading global provider of information technologies that drive productivity and quality across geospatial and industrial applications.

    (C) 2017 Hexagon US Federal, Inc. Hexagon US Federal is part of Hexagon. All rights reserved.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/intergraph-government-solutions-announces-corporate-name-change-to-hexagon-us-federal-300387632.html

    Hexagon US Federal

    CONTACT: Mallory Hilderbrand, Hexagon US Federal, +1.256.799.6426,
    mallory.hilderbrand@hexagonusfederal.com

    Web site: http://www.hexagonusfederal.com/




    CenturyLink acquires SEAL Consulting to further expand IT services and integrated solutions capabilities

    MONROE, La., Jan. 9, 2017 /PRNewswire/ -- CenturyLink, Inc. today announced it has acquired SEAL Consulting, Inc., a leading SAP(R) solutions provider for enterprise-wide business and technology needs. This acquisition further enhances CenturyLink's application transformation capabilities and expands CenturyLink's commitment to the SAP ecosystem and to providing integrated application/infrastructure solutions.

    Edison, N.J.-based SEAL Consulting, which serves customers across manufacturing, retail and consumer products industry verticals, has deep expertise in implementing a wide spectrum of SAP solutions. These include SAP ECC, SAP S/4HANA, SAP Business Suite, SAP BW/4HANA, SAP Ariba, SAP Hybris, SAP CRM, SAP Basis, SAP Security, SAP Fiori, SAP Manufacturing Integration and Intelligence, plus solutions across supply chain management (SCM) and governance, risk and compliance (GRC).

    "We are excited to continue enhancing CenturyLink's IT Solutions and SAP capabilities through the addition of SEAL Consulting," said Girish Varma, president of global IT services and new market development at CenturyLink. "This acquisition significantly expands our existing integrated SAP solutions, leveraging our hosting and cloud infrastructures to add broader SAP implementation and application managed services capabilities to our portfolio. The acquisition also gives us deeper expertise in several additional industry verticals."

    CenturyLink is a global premium supplier partner with SAP, offering premium supplier services for SAP HANA(R) Enterprise Cloud. CenturyLink expects to continue leveraging the expertise of SEAL Consulting employees.

    "SEAL has been successfully providing a comprehensive suite of services around SAP's product portfolio and, with CenturyLink's acquisition, we now have a partner even more tightly aligned with SAP's strategy," said Robert Enslin, Member of Executive Board, SAP SE, and president, Global Customer Operations. "SAP is making bold investments to empower businesses to Run Simple, and we believe the combination of CenturyLink and SEAL Consulting will further this mission to our joint customers globally."

    "CenturyLink's strengths in global network, hosting, cloud, IT and managed services, big data and analytics services, combined with SEAL Consulting's deep SAP expertise, will enable businesses to accelerate their SAP adoption and drive innovative business transformation projects," said Gary Gauba, chief enterprise relationship officer and president, Advanced Solutions Group, CenturyLink.

    "SEAL's mission has always been to keep clients ahead in fast-changing environments by offering services ranging from implementations to post-implementation support and outsourcing," said Badal Patel, president and CEO, SEAL Consulting. "Our new home at CenturyLink enables us to continue executing on this vision and is exciting for our customers, partners and employees. Together, we will focus on solving business problems and delivering innovation."

    For more information, visit www.centurylinktechnology.com or www.sealconsult.com.

    About CenturyLink
    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/centurylink-acquires-seal-consulting-to-further-expand-it-services-and-integrated-solutions-capabilities-300387556.html

    Photo: http://mma.prnewswire.com/media/325657/centurylink_logo.jpg CenturyLink, Inc.

    CONTACT: Frank Tutalo, 703.363.8698, frank.tutalo@centurylink.com

    Web site: http://www.sealconsult.com/
    http://www.centurylink.com/




    FICO Joins EU-U.S. Privacy Shield Program to Protect Clients' Data

    SAN JOSE, Calif., Jan. 9, 2017 /PRNewswire/ -- Silicon Valley analytics software firm FICO today announced that it has been accepted into the EU-U.S. Privacy Shield program, which requires FICO to agree to comply with EU data protection requirements when transferring personal data from the European Union to the United States. Effective December 7, 2016, this voluntary self-certification declares FICO's cooperation with the privacy program adopted jointly by the European Commission and the U.S. Department of Commerce.

    "Joining the Privacy Shield further demonstrates our commitment to respecting the privacy of our clients and their customers," said Vance Gudmundsen, regulatory counsel and privacy officer at FICO. "As a provider of powerful predictive analytics, we fully recognize the critical importance of data protection. Our clients can be confident that their information is handled in strict compliance with the Privacy Shield principles."

    FICO's participation in the Privacy Shield means that data transfers of personal information from EU countries may be made to locations in the United States in compliance with EU privacy law. FICO has signed up for the Privacy Shield principles of notice; choice; onward transfer; security; data integrity and purpose limitation; access; and recourse, enforcement and liability.

    "FICO has always been in legal compliance with EU privacy law, because we use Standard Contractual Clauses (sometimes called "model clauses") in our client contracts," Gudmundsen said. "The Standard Contractual Clauses give the data subjects legal rights under EU privacy law, and have been approved by the EU data protection authorities in all member countries."

    Administered by the International Trade Administration (ITA) within the U.S. Department of Commerce, and enforced in the United States by the Federal Trade Commission, the Privacy Shield imposes safeguards for U.S.-based organizations processing European data. It is the successor to the Safe Harbor framework, under which FICO had been self-certified from 2011 until the framework was overturned by the European Court of Justice in 2015.

    To view the public-facing list of Privacy Shield participants, visit https://www.privacyshield.gov/participant_search. FICO's profile is accessible here.

    About FICO

    FICO powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 170 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.

    For FICO news and media resources, visit www.fico.com/news.

    FICO is a registered trademark of Fair Isaac Corporation in the United States and in other countries.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/fico-joins-eu-us-privacy-shield-program-to-protect-clients-data-300387018.html

    Photo: http://mma.prnewswire.com/media/450763/FICO_Logo.jpg FICO

    CONTACT: Media, Greg Jawski, Porter Novelli for FICO, +1 212-601-8248,
    greg.jawski@porternovelli.com; or Investors/Analysts, Steven Weber, FICO,
    +1 800-213-5542, investor@fico.com

    Web site: http://www.fico.com/




    HotelREZ Hotels & Resorts adopts Sabre's hospitality solutions to provide customers with industry-leading reservation technology

    LONDON and SOUTHLAKE, Texas, Jan. 9, 2017 /PRNewswire/ -- HotelREZ Hotels & Resorts has completed the migration of its member hotels to Sabre's SynXis Central Reservations and device responsive booking engine, securing its ability to provide more than 1,000 HotelREZ customers with access to Sabre's industry-leading technology. Sabre's broad portfolio of hospitality solutions empowers hoteliers to create and deliver a unique and differentiating guest experience based on their specific brand.

    "Our customers rely on us to provide them with access to the very best technology available in the marketplace so that we are able to focus on driving incremental revenue for their hotels, through our network of travel agency partnerships and our global sales and marketing initiatives," said Mark Lewis, CEO and founder of HotelREZ. "We chose Sabre for their innovative technology, product development roadmap and commitment to helping our independent hotel members succeed, both now and in the future."

    By implementing Sabre's technology solutions, HotelREZ will help its member hotels take advantage of connections to new channels and expand beyond its already strong presence in EMEA and accelerate growth further into geographical markets such as the Americas and China, where Sabre has strong channel connections. In addition, HotelREZ customers will have access to Sabre's newest device responsive booking engine, which offers some of the most innovative approaches to merchandising and customer experience in the hospitality market.

    "HotelREZ is dedicated to providing full sales and marketing representation services to more than 1,000 independent hotels and small hotels groups worldwide while relying on our powerful technology solutions," said Alex Alt, president of Sabre Hospitality Solutions. "We share their passion and commitment for these hoteliers and are proud to help them expand and grow through technology so they can focus on what they do best - serving their guests and creating a memorable guest experience."

    About HotelREZ
    HotelREZ Hotels & Resorts was started in 2004 by Mark Lewis, an experienced hospitality industry professional and entrepreneur. Over the course of a decade, the company has grown to be one of the leading hotel representation companies dedicated to marketing and connecting independent hotels with bookers worldwide. Today HotelREZ provides a range of distribution, revenue, sales consultancy and marketing services to over 1,000 independent hotels and small groups around the world. For requests and further information you can contact us on +44 (0) 20 3699 9936. Alternatively you can email us on marketing@hotelrez.net

    About Sabre Corporation
    Sabre Corporation (NASDAQ-NMS:SABR) is the leading technology provider to the global travel industry. Sabre's software, data, mobile and distribution solutions are used by hundreds of airlines and thousands of hotel properties to manage critical operations, including passenger and guest reservations, revenue management, flight, network and crew management. Sabre also operates a leading global travel marketplace, which processes more than US$120 billion of global travel spend annually by connecting travel buyers and suppliers. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world.

    For more information, contact Heidi Castle, 214-681-8169, Heidi.Castle@sabre.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hotelrez-hotels--resorts-adopts-sabres-hospitality-solutions-to-provide-customers-with-industry-leading-reservation-technology-300387711.html

    Photo: http://mma.prnewswire.com/media/322180/sabre_logo.jpg Sabre Corporation

    Web site: http://www.sabre.com/




    AbbVie, Genomics Medicine Ireland and WuXi NextCODE Announce Landmark Population Genomics Alliance

    Effort will sequence the genomes of 45,000 participants from across Ireland to identify novel targets and advance the clinical development of better treatments for a range of serious diseases

    - Focus is on key AbbVie therapeutic areas including oncology, neuroscience and immunology

    - Genomics Medicine Ireland will partner with Ireland's leading clinicians and researchers and propel bioscience innovation in Ireland

    - WuXi NextCODE's integrated genomics platform will be used to organize and mine a secure, scalable database of whole genome sequence and medical data to power novel disease insights

    NORTH CHICAGO, Illinois, DUBLIN and CAMBRIDGE, Massachusetts, Jan. 9, 2017 /PRNewswire/ -- AbbVie , a global biopharmaceutical company, life-sciences startup Genomics Medicine Ireland Limited (GMI), and WuXi NextCODE [http://www.wuxinextcode.com/], the global contract genomics organization, today announced the launch of a long-term strategic alliance to conduct population genomics research in Ireland aimed at advancing the discovery and development of novel therapeutic approaches to a range of serious diseases. The 15-year collaboration will focus on major chronic diseases within oncology, neuroscience and immunology that affect hundreds of thousands of people in Ireland and hundreds of millions worldwide. Financial terms were not disclosed.

    http://mma.prnewswire.com/media/266982/wuxinextcode__leading_genomics_01.jpg [http://mma.prnewswire.com/media/266982/wuxinextcode__leading_genomics_01.jpg ]

    The alliance will result in the sequencing of 45,000 genomes from volunteer participants across Ireland to seek novel insights into the biological processes that underlie complex disease. AbbVie will use the research database developed by GMI to identify new molecular approaches for therapeutic drug discovery and development as well as to develop companion diagnostics. The alliance builds on AbbVie's substantial existing presence in Ireland, which includes more than 600 employees and investments of more than $130 million since 2013.

    "Genomics is transforming the way we understand some of the world's most devastating diseases and enabling the discovery of new approaches that have the potential to deliver much greater benefit to patients," said Jim Sullivan, Ph.D., vice president, pharmaceutical discovery, AbbVie. "This alliance is an important part of our research strategy and complements our significant footprint here in Ireland."

    Daniel Crowley, acting CEO of GMI, commented: "This partnership validates the vision that created Genomics Medicine Ireland. With AbbVie and WuXi NextCODE we will leverage our deep expertise in life sciences and the unique characteristics of the Irish population to discover critical insights into disease, disease progression, and therapeutic response. The resulting therapies to cure and prevent these diseases will benefit patients both here in Ireland and around the world."

    "We are very proud to be a part of delivering this pathbreaking effort," said Hannes Smarason, COO of WuXi NextCODE. "As the leading infrastructure provider for population precision medicine projects around the world, we are committed to bringing WuXi NextCODE technology and expertise to this significant endeavor."

    About AbbVie
    AbbVie is a global, research-based biopharmaceutical company formed in 2013 following separation from Abbott Laboratories. The company's mission is to use its expertise, dedicated people and unique approach to innovation to develop and market advanced therapies that address some of the world's most complex and serious diseases. Together with its wholly-owned subsidiary, Pharmacyclics, AbbVie employs more than 28,000 people worldwide and markets medicines in more than 170 countries. For further information on the company and its people, portfolio and commitments, please visit www.abbvie.com [http://www.abbvie.com/]. Follow @abbvie [http://twitter.com/abbvie] on Twitter or view careers on our Facebook [http://www.facebook.com/abbviecareers] or LinkedIn [http://www.linkedin.com/company/abbvie] page.

    Forward-Looking Statements
    Some statements in this news release may be forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate," "project" and similar expressions, among others, generally identify forward-looking statements. AbbVie cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, challenges to intellectual property, competition from other products, difficulties inherent in the research and development process, adverse litigation or government action, and changes to laws and regulations applicable to our industry.

    About Genomics Medicine Ireland
    Founded in 2015, Genomics Medicine Ireland (GMI) is an Irish life-sciences company leading large-scale, population-based genome research studies on the island of Ireland examining the relationship between genetics, health and disease. It is building a preeminent disease-specific database of population genomics. GMI works in collaboration with clinicians, patients, academic researchers and global biotech and pharmaceutical sectors to discover pathways to new treatments and new diagnostics for people both here in Ireland and around the world.

    GMI's partners include investors ARCH Venture Partners, Polaris Partners, GV (formerly Google Ventures), the Ireland Strategic Investment Fund, and corporate partner Amgen and its subsidiary deCODE genetics. Collectively, they bring multi-decade experience in disease genomics to GMI. www.genomicsmed.ie [http://www.genomicsmed.ie/]

    About WuXi NextCODE
    WuXi NextCODE is a fully integrated global contract genomics organization. With offices in Shanghai; Kendall Square in Cambridge, Massachusetts; and Reykjavik, Iceland, we offer comprehensive services that enable population, precision medicine, diagnostics and wellness initiatives and enterprises to use the genome to improve health around the world. Our capabilities span study design, sequencing, secondary analysis, storage, and interpretation and scalable analytics - all backed by the most proven and widely used technology for organizing, mining and sharing genome sequence data. We are also applying the same capabilities to advance a growing range of sequence-based tests and scans in China. WuXi NextCODE is a subsidiary of WuXi AppTec. Visit us on the web at wuxinextcode.com [http://www.wuxinextcode.com/].

    Contacts: Genomics Medicine Ireland AbbVie WuXi NextCODE Celine Crawford Adelle Infante Edward Farmer, PhD MKC Communications Adelle.infante@abbvie.com efarmer@wuxinextcode.com celine@mkc.ie 847.938.8745 +1 781 775 6206 +353 1 703 8600

    Photo - http://mma.prnewswire.com/media/266982/wuxinextcode__leading_genomics_01.jpg [http://mma.prnewswire.com/media/266982/wuxinextcode__leading_genomics_01.jpg]
    Photo - http://mma.prnewswire.com/media/454977/WuXi_NextCODE_abbvie.jpg [http://mma.prnewswire.com/media/454977/WuXi_NextCODE_abbvie.jpg]
    Photo - http://mma.prnewswire.com/media/454978/WuXi_GMI.jpg [http://mma.prnewswire.com/media/454978/WuXi_GMI.jpg]

    Photo: http://mma.prnewswire.com/media/266982/wuxinextcode__leading_genomics_01.jpg
    http://mma.prnewswire.com/media/454977/WuXi_NextCODE_abbvie.jpg
    http://mma.prnewswire.com/media/454978/WuXi_GMI.jpg WuXi NextCODE

    Web site: http://wuxinextcode.com/




    Honeywell Names Que Thanh Dallara As Vice President, Commercial Excellence And StrategyDallara Previously Led Strategy and Analytics at TE Connectivity; Will Serve As Company Officer in New Role

    MORRIS TOWNSHIP, N.J., Jan. 9, 2017 /PRNewswire/ -- Honeywell announced today that Que Thanh Dallara will serve as Vice President, Commercial Excellence and Strategy, reporting to President and Chief Operating Officer Darius Adamczyk, effective January 13.

    Dallara will serve as a Company Officer and will continue to report to Adamczyk after he succeeds current Chief Executive Officer Dave Cote beginning on March 31, 2017. Cote will continue as Executive Chairman of Honeywell until the Company's Annual Shareowners Meeting in April 2018. Dallara succeeds Rhonda Germany in an expanded role. Germany, who has served at Honeywell since 2002, has announced her retirement, effective March 31, 2017.

    "Que brings a strong background in strategy, software, business development, and general management to Honeywell, and she is well-qualified to help lead our ongoing transition toward becoming a premier software-industrial company," Adamczyk said. "Throughout her career, Que has demonstrated her proficiency in driving breakthrough growth, especially in connected enterprises and software offerings. She will provide strategic and operational leadership to all our marketing efforts, and she will lead our efforts to expand across regions and to drive growth through new products and new customer/channel opportunities. She will also drive HOS Gold to enable even greater acceleration of profitable growth across our business enterprises."

    "Honeywell has a strong track record of delivering immense value to customers through its domain expertise across a wide array of industries, supported with an advanced software development capability that is only getting stronger as the company continues to invest in that area," Dallara said. "This is a great time to join Honeywell, and I look forward to helping the management team serve customers, expand our portfolio of great products and software, and continue to grow in all regions of the world."

    Since 2007, Dallara has served in increasingly responsible roles at TE Connectivity, a $12.2 billion global leader in connectivity and sensor solutions. Most recently, she served as Senior Vice President, Corporate Strategy and Analytics, where she led the strategic growth process, performance management of business units, and big data analytics. Prior to that, Dallara served as Vice President & General Manager of TE Connectivity's Managed Connectivity business and Vice President & General Manager of the Energy Americas business. Prior to TE Connectivity, Dallara served Microsoft Corporation as Senior Director, Strategy, M&A, Integration and Governance, for the Consumer Software & Services divisions. Que started her career as a consultant at McKinsey & Company in Sydney, Australia. She earned a B.S. in Applied Mathematics and a Bachelor of Commerce, Finance, at the University of New South Wales, Australia, and an M.B.A. at INSEAD in France.

    Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; turbochargers; and performance materials. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

    This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.

    Contacts: Media Investor Relations Robert C. Ferris Mark Macaluso (973) 455-3388 (973) 455-2222 rob.ferris@honeywell.com mark.macaluso@honeywell.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/honeywell-names-que-thanh-dallara-as-vice-president-commercial-excellence-and-strategy-300387677.html

    Honeywell

    Web site: http://www.honeywell.com/




    Cadence Announces Availability of Industry-First Bluetooth 5 Verification IP

    SAN JOSE, Calif., Jan. 9, 2017 /PRNewswire/ -- Cadence Design Systems, Inc. today announced the immediate availability of its Cadence((R) )Verification IP (VIP) for Bluetooth((R)) 5, the industry's first VIP for the latest version of Bluetooth technology. Bluetooth 5 increases data broadcasting capacity by 800 percent, quadruples the range and doubles the connection speed of low-energy devices to deliver seamless, short-range mobile connectivity.

    Cadence also strengthened its IP portfolio with the addition of VIP for Bluetooth 4.2 and the Cadence TripleCheck(TM) productivity tool for Bluetooth 5. For more information on Cadence's VIP portfolio for Bluetooth, visit www.cadence.com/go/bluetooth5.

    The new Cadence VIP for Bluetooth 5 offers the industry's first independent pre-silicon verification of the Bluetooth 5 standard. Cadence VIP supports any major language, simulator or methodology, so customers can easily employ the VIP without changing their verification environment. With the TripleCheck tool for Bluetooth 5, customers get an independent, comprehensive verification plan, test suite and coverage, which allow them to improve verification efficiency and get to market more quickly.

    "The primary purpose of the Bluetooth Special Interest Group is to advance and promote adoption of Bluetooth technology through collaboration and interoperability, and Cadence is contributing to that mission," said Marriot Winquist, vice president, member development and services at Bluetooth SIG. "By providing additional resources for improved interoperability, Cadence is contributing to our core mission of developing the technical innovations necessary to make next-level IoT products possible."

    "With this release of verification IP for Bluetooth 5, Cadence is helping to proliferate Bluetooth technology and demonstrating its commitment to support customers developing products with this key protocol," said Michael Hurlston, senior vice president and general manager of the Mobile Connectivity Products Division at Broadcom Limited. "Broadcom has been a leader in the Bluetooth market for more than 15 years, and we continue to invest in mobile wireless technology to grow our market position. With Cadence VIP for Bluetooth 5, engineers can focus on designing complex SoCs and delivering more value to end customers."

    According to Patrick Connolly, principal analyst at ABI Research, more than 371 million Bluetooth-enabled beacons are projected to ship by 2020. In addition, ABI Research projects that Bluetooth will be in more than one-third of all installed IoT devices by 2020.

    "Cadence is a pioneer and industry leader in VIP. We continue to invest in new protocols proactively so our customers can deliver leading-edge products to the market more quickly and with higher confidence," said Dino Bekis, vice president of marketing for the IP Group at Cadence. "Bluetooth 5 addresses emerging needs in the mobile, consumer and IoT market segments. With the first commercially available Cadence VIP for Bluetooth 5, designers can devote their energy to developing SoCs that leverage the potential of the latest Bluetooth technology, rather than worrying about protocol compliance."

    In addition to offering a comprehensive suite of VIP, Cadence supports many leading customers who develop mobile and IoT devices with IP that includes Tensilica processors for vision, audio and communications as well as low-power DDR and SerDes interfaces.

    About Cadence

    Cadence enables global electronic design innovation and plays an essential role in the creation of today's integrated circuits and electronics. Customers use Cadence software, hardware, IP and services to design and verify advanced semiconductors, consumer electronics, networking and telecommunications equipment, and computer systems. The company is headquartered in San Jose, Calif., with sales offices, design centers and research facilities around the world to serve the global electronics industry. More information about the company, its products and its services is available at www.cadence.com.

    This press release contains certain forward-looking statements that are based on our current expectations and involve numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate. Risks that may cause these forward-looking statements to be inaccurate include, among others, the risks detailed from time-to-time in our U.S. Securities and Exchange Commission filings and reports, including, but not limited to, our most recent quarterly report on Form 10-Q and our annual report on Form 10-K. We do not intend to update the information contained in this press release.

    (C) 2017 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence, the Cadence logo and the other Cadence marks found at www.cadence.com/go/trademarks are trademarks or registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective holders.

    Cadence Newsroom
    408-944-7039
    newsroom@cadence.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cadence-announces-availability-of-industry-first-bluetooth-5-verification-ip-300387171.html

    Photo: http://mma.prnewswire.com/media/321883/cadence_design_systems__inc__logo.jpg Cadence Design Systems, Inc.

    Web site: http://www.cadence.com/

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