Companies news of 2017-03-01 (page 1)

  • RELM Wireless Reports 2016 Full Year and Fourth Quarter ResultsRevenues Grew 70.5% and...
  • Grubhub Announces Departure Of Benjamin Spero From Board Of Directors
  • Salesforce Grants Equity Awards Under Its Inducement Equity Incentive Plan
  • Cinedigm And The WHAM Network Partner To Launch Global Gaming And eSports Streaming...
  • Globant Acquires Ratio, Delivers on US Footprint Growth StrategyStrategic acquisition to...
  • Development Completed on MGT Bitcoin Mining PoolSecurity Testing Begins with Target Launch...
  • root9B Remains #1 on the Cybersecurity 500 For 5th Consecutive Quarter
  • General Dynamics Board Increases Dividend, Authorizes Share Repurchases
  • OpenText Appoints Jurgen Tinggren to Board of Directors
  • Aviat Networks to Present at the 29th Annual ROTH Capital Conference
  • Aware, Inc. Announces Resignation of co-Chief Executive Officer & Chief Financial...
  • Digital Realty Increases Quarterly Cash Dividend for Common Stock by 5.7% to $0.93 per...
  • General Dynamics Appoints Gilliland as Deputy for Operations at General Dynamics...
  • Pure Storage Announces Record Fourth Quarter and Fiscal Year 2017 Financial Results
  • IMAX Corporation to Present at the Deutsche Bank 25th Annual Media & Telecom Conference
  • Cypress Closes Sale of Minnesota Wafer Fabrication FacilitySale Supports Cypress'...
  • VaporNation.com to sell Vapir's innovative Vapir Pen vaporizer
  • SPYR's Pocket Starships to be Demoed at Facebook's GDC Booth
  • Sterlite Tech Showcases India's First Smart City Services Success at MWC, Barcelona
  • Sterlite Tech Showcases India's First Smart City Services Success at MWC, Barcelona
  • SRAX to Present at the 29th Annual ROTH Conference
  • S&P Global Announces Strategic Relationship and Investment in KenshoS&P Global's Market...
  • Verizon Wins Top Honors from Frost & Sullivan for Capturing More than a Quarter of the...
  • Philips introduces new digital solutions and services to advance pathology at the 2017...
  • Tableau 10.2 Brings New Advanced Analytics CapabilitiesNew release brings advanced mapping...
  • Catasys Reports Revenue Increase of 200% to $3.8 million for the Fourth Quarter of 2016
  • The Priceline Group to Present at the Bank of America Merrill Lynch 2017 Consumer & Retail...
  • Microsoft and its employees donated over $650 million in cash, cloud services and software...
  • Destiny Media Appoints New Directors at AGM



    RELM Wireless Reports 2016 Full Year and Fourth Quarter ResultsRevenues Grew 70.5% and Operating Income Increased 200% Year-Over-Year

    WEST MELBOURNE, Fla., March 1, 2017 /PRNewswire/ -- RELM Wireless Corporation today announced financial and operating results for the quarter and year ended December 31, 2016.

    For the year ended December 31, 2016, revenues increased 70.5% to approximately $50.7 million, compared with approximately $29.7 million for 2015. Operating income for the year increased 199.7% to approximately $4.3 million, compared with approximately $1.4 million last year, while net income increased 158.3% to approximately $2.7 million, or $0.19 per diluted share, compared with approximately $1.0 million, or $0.08 per diluted share, for the prior year.

    Gross profit margin for 2016 was 33.7% of sales, versus 41.3% of sales in the previous year. Selling, general and administrative expenses totaled approximately $12.8 million (25.2% of sales) in 2016, compared with approximately $10.9 million (36.5% of sales) in 2015.

    For the fourth quarter ended December 31, 2016, revenues increased 4.0% to approximately $7.2 million, compared with approximately $7.0 million for the fourth quarter of 2015. Operating income for the quarter increased 21.2% to approximately $343,000, compared with $283,000 for the same quarter last year. Net income for the quarter ended December 31, 2016 was approximately $92,000, or $0.01 per diluted share, compared with approximately $213,000 or $0.02 per diluted share for the same quarter in 2015.

    Gross profit margin for the fourth quarter 2016 was 41.9% of sales, compared with 39.3% of sales for the fourth quarter 2015. Selling, general and administrative expenses totaled approximately $2.7 million (37.1% of sales) for the fourth quarter 2016, compared with approximately $2.4 million (35.2% of sales) for the fourth quarter 2015.

    The Company had approximately $23.4 million in working capital as of December 31, 2016, of which $14.4 million was comprised of cash and trade receivables. This compares with working capital of approximately $23.9 million as of December 31, 2015, of which $8.8 million was comprised of cash and trade receivables. As of December 31, 2016 the Company had no borrowings outstanding under its revolving credit facility.

    RELM President Tim Vitou commented, "With sales exceeding $50 million, 2016 was a record year for RELM. Our contract with the U.S. Transportation Security Administration (TSA) was a significant contributor to a year-over-year growth rate exceeding 70%. With over 19,000 radios deployed to 406 airports, the TSA program demonstrates our ability to successfully handle large projects, which should enhance our reputation and brand recognition, and foster confidence with potential new customers."

    Mr. Vitou continued, "Beyond the TSA, sales in 2016 to other customers, both domestic and international, also increased from the previous year. Moving forward we are very excited about the future of our core business the prospects for expanding our reach beyond RELM's historical niche in the land mobile radio market."

    Conference Call and Webcast

    The Company will host a conference call and webcast for investors at 9:00 a.m. Eastern Time, Thursday, March 2, 2017. Shareholders and other interested parties may participate in the conference call by dialing 877-407-8031 (international/local participants dial 201-689-8031) and asking to be connected to the "RELM Wireless Corporation Conference Call" a few minutes before 9:00 a.m. Eastern Time on March 2, 2017. The call will also be webcast at http://www.relm.com. Please allow extra time prior to the call to visit the site and download any necessary software to listen to the Internet webcast. An online archive of the webcast will be available on the Company's website for 30 days following the call at http://www.relm.com.

    A replay of the conference call will be available one hour after the completion of the call until March 10, 2017, by dialing 877-481-4010 (international/local participants dial 919-882-2331) and entering the conference replay ID# 13654405.

    About RELM Wireless Corporation

    As an American Manufacturer for almost 70 years, RELM Wireless Corporation has produced high-specification two-way communications equipment of unsurpassed reliability and value for use by public safety professionals and government agencies, as well as radios for use in a wide range of commercial and industrial applications. Advances include a broad new line of leading digital two-way radios compliant with APCO Project 25 specifications. RELM's products are manufactured and distributed worldwide under BK Radio and RELM brand names. The Company maintains its headquarters in West Melbourne, Florida and can be contacted through its web site at www.relm.com or directly at 1-800-821-2900. The Company's common stock trades on the NYSE MKT market under the symbol "RWC".

    About APCO Project 25 (P25)

    APCO Project 25 (P25), which requires interoperability among compliant equipment regardless of the manufacturer, was established by the Association of Public-Safety Communications Officials and is approved by the U.S. Department of Homeland Security. The shift toward interoperability gained momentum as a result of significant communications failures in critical emergency situations. RELM was one of the first manufacturers to develop P25-compliant technology.

    Forward-Looking Statements

    This press release contains certain forward-looking statements that are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act Of 1995. These forward-looking statements concern the Company's operations, economic performance and financial condition and are based largely on the Company's beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors and risks include, among others, the following: changes or advances in technology; the success of our LMR product line; competition in the land mobile radio industry; general economic and business conditions, including federal, state and local government budget deficits and spending limitations; the availability, terms and deployment of capital; reliance on contract manufacturers and suppliers; heavy reliance on sales to agencies of the U.S. government; our ability to utilize deferred tax assets; retention of executive officers and key personnel; our ability to manage our growth; our ability to identify potential candidates for, and consummate, acquisition or investment transactions, and risks incumbent to being a minority stockholder in a corporation; impact of our investment strategy; government regulation; our business with manufacturers located in other countries; our inventory and debt levels; protection of our intellectual property rights; fluctuation in our operating results; acts of war or terrorism, natural disasters and other catastrophic events; any infringement claims; data security breaches and other factors impacting our technology systems; availability of adequate insurance coverage; maintenance of our NYSE MKT listing; and the effect on our stock price and ability to raise equity capital of future sales of shares of our common stock. Certain of these factors and risks, as well as other risks and uncertainties, are stated in more detail in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2016 and in the Company's subsequent filings with the SEC. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.

    (Financial Tables To Follow)

    RELM WIRELESS CORPORATION Condensed Consolidated Statements of Income (In Thousands, Except Per Share Amounts) Three Months Ended Twelve Months Ended ------------------ ------------------- (Unaudited) ---------- 12/31/2016 12/31/2015 12/31/2016 12/31/2015 ---------- ---------- ---------- ---------- Sales, net $7,226 $6,950 $50,689 $29,722 Expenses: Cost of products 4,200 4,222 33,612 17,440 Selling, general and administrative expenses 2,683 2,445 12,792 10,852 ----- ----- ------ ------ Total expenses 6,883 6,667 46,404 28,292 Operating income 343 283 4,285 1,430 Other income (expense): Interest income 5 0 9 1 Other expense (30) (83) (22) (45) --- --- --- --- Income before income taxes 318 200 4,272 1,386 Income tax (expense) benefit (226) 13 (1,583) (345) ---- --- ------ ---- Net income $92 $213 $2,689 $1,041 === ==== ====== ====== Net earnings per share - basic $0.01 $0.02 $0.20 $0.08 ===== ===== ===== ===== Net earnings per share - diluted $0.01 $0.02 $0.19 $0.08 ===== ===== ===== ===== Weighted average common shares outstanding, basic 13,733 13,725 13,735 13,706 Weighted average common shares outstanding, diluted 13,816 13,817 13,823 13,848

    RELM WIRELESS CORPORATION Condensed Consolidated Balance Sheets (In Thousands, Except Share Data) December 31, December 31, 2016 2015 ---- ---- ASSETS ------ Current assets: Cash and cash equivalents $10,910 $4,669 Trade accounts receivable, net 3,448 4,122 Inventories, net 13,999 16,282 Prepaid expenses and other current assets 1,410 3,081 ----- Total current assets 29,767 28,154 Property, plant and equipment, net 2,486 1,840 Available-for-sale securities 6,472 3,402 Deferred tax assets, net 3,418 5,461 Capitalized software, net 176 370 Other assets 225 222 --- --- Total assets $42,544 $39,449 ======= ======= LIABILITIES AND STOCKHOLDERS' EQUITY ------------------------------------ Current liabilities: Accounts payable $1,973 $2,285 Accrued compensation and related taxes 2,193 1,136 Accrued warranty expense 650 538 Accrued other expenses and other current liabilities 169 168 Dividends payable 1,235 - Deferred revenue 142 136 --- Total current liabilities 6,362 4,263 Deferred revenue 408 366 --- --- Total liabilities 6,770 4,629 Commitments and contingencies Stockholders' equity: Preferred stock; $1.00 par value; 1,000,000 authorized shares, none issued or outstanding. - - Common stock; $0.60 par value; 20,000,000 authorized shares; 13,754,749 and 13,730,562 issued and outstanding shares at December 31, 2016 and 2015, respectively. 8,253 8,238 Additional paid-in capital 25,382 24,926 Retained earnings 240 1,259 Accumulated other comprehensive income 2,061 397 Treasury Stock, at cost (162) - ----- Total stockholders' equity 35,774 34,820 ------ ------ Total liabilities and stockholders' equity $42,544 $39,449 ======= =======

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/relm-wireless-reports-2016-full-year-and-fourth-quarter-results-300415106.html

    RELM Wireless Corporation

    CONTACT: RELM Wireless Corporation, William Kelly, EVP & CFO, (321)
    984-1414

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




    Grubhub Announces Departure Of Benjamin Spero From Board Of Directors

    CHICAGO, March 1, 2017 /PRNewswire/ -- Grubhub Inc. , the nation's leading takeout marketplace, today announced the resignation of Benjamin Spero from its Board of Directors and Compensation Committee. Spero is departing in order to increase his focus on other business interests.

    "We would like to thank Ben for his invaluable leadership during our last five years of rapid growth and transformation," said Matt Maloney, Grubhub CEO. "He was instrumental in guiding Seamless through its spinoff from Aramark, merging Seamless with Grubhub, and completing the initial public offering of the combined company. His entrepreneurial knowledge and operational expertise have helped Grubhub become the clear market leader in online takeout ordering in the United States, and we wish him well in his future endeavors."

    "I am incredibly proud of the progress Grubhub has made in the past five years and excited to watch its future success," said Spero. "I am leaving the Board to focus on earlier stage companies, but continue to believe that Grubhub is the best positioned company to capitalize on the massive opportunity in online takeout ordering."

    Spero first joined the Board as a Seamless director in June 2011, and served more than three years as a Grubhub director following the merger in August 2013. After his departure, Grubhub will have nine directors, including eight independent members with significant public and private company leadership and operating experience in a broad set of industries.

    About Grubhub
    Grubhub is the nation's leading online and mobile takeout food-ordering marketplace with the most comprehensive network of restaurant partners and largest active diner base. Dedicated to moving eating forward and connecting diners with the food they love from their favorite local restaurants, the Company's platforms and services strive to elevate food ordering through innovative restaurant technology, easy-to-use platforms and an improved delivery experience. Grubhub is proud to work with more than 50,000 restaurant partners in over 1,100 U.S. cities and London. The Grubhub portfolio of brands includes Grubhub, Seamless, AllMenus, MenuPages, LAbite, Restaurants on the Run, DiningIn and Delivered Dish.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/grubhub-announces-departure-of-benjamin-spero-from-board-of-directors-300416195.html

    Photo: http://mma.prnewswire.com/media/276973/grubhub_logo.jpg Grubhub Inc.

    CONTACT: Katie Norris, press@grubhub.com

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




    Salesforce Grants Equity Awards Under Its Inducement Equity Incentive Plan

    SAN FRANCISCO, March 1, 2017 /PRNewswire/ -- Salesforce , the Customer Success Platform and world's #1 CRM company, today announced it has granted equity awards under its 2014 Inducement Equity Incentive Plan (the "Plan") to a new employee who joined Salesforce in connection with its acquisition of Unity&Variety. The Plan was adopted by the Salesforce Board of Directors in July 2014, in accordance with New York Stock Exchange Rule 303A.08.

    The Unity&Variety team is enhancing Quip, a Salesforce company, with creative and visual elements, furthering Quip's mission of creating the next generation of productivity.

    Under the Plan, Salesforce granted a total of 27,473 restricted stock units ("RSUs") to 1 employee at Unity&Variety. These RSUs will vest over four years with 25 percent of the RSUs vesting on the first anniversary of the grant date and the balance vesting quarterly thereafter in 12 equal installments, subject to continued service through each applicable vesting date. The employee who received an equity award is a non-executive employee and joined Salesforce as a result of the acquisition.

    About Salesforce

    Salesforce, the Customer Success Platform and world's #1 CRM, empowers companies to connect with their customers in a whole new way. 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-grants-equity-awards-under-its-inducement-equity-incentive-plan-300416324.html

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

    CONTACT: Media Relations: Kate McLaughlin, Salesforce, (415) 778-3287,
    kmclaughlin@salesforce.com

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




    Cinedigm And The WHAM Network Partner To Launch Global Gaming And eSports Streaming Network24/7 Channel to Focus on News, Event and Lifestyle Programming for the $90+ Billion Dollar eSports & Gaming Market

    LOS ANGELES, March 1, 2017 /PRNewswire/ -- Cinedigm and The WHAM Network Inc, announced a partnership to launch The WHAM Network, a 24/7 streaming channel providing news, information and entertainment focused on the global eSports and Gaming lifestyle. The companies will jointly operate and market the channel, which will be available across all major connected mobile devices, gaming consoles, and set top boxes. Additionally, the companies are in talks with additional platforms, skinny bundle providers, and cable operators in order to make the channel broadly available on all modes of distribution. The channel is expected to launch in the third quarter of 2017.

    Founded in 2016 by Gary Kleinman, with a dedicated team of native gamers, entertainment, media and advertising professionals, WHAM has over twenty original series slated for production, with a target of at least160 hours of original programming in 2017. Ranging from news, celebrity gaming, and documentaries to reality, gaming competitions, live event coverage and more, WHAM will provide shows that inform, engage, and entertain the 2-plus billion gamers worldwide, from professional eSports teams to casual and competitive gamers.

    "WHAM is extremely excited to launch this Gaming lifestyle and culture channel," says WHAM Founder/CEO Gary Kleinman. "We couldn't be happier than to work with the exceptional team at Cinedigm, an organization that has tremendous experience in all avenues of content distribution on a global basis."

    In addition, WHAM will be hosting Button Mash Live, a consumer-centric Gaming festival to be held in the Los Angeles area in October 2017. Button Mash Live will be one of the first dedicated festivals for gamers of all levels and all games.

    "We are thrilled to be working with Gary and the rest of the top-notch team at WHAM to bring this very timely streaming channel to audiences worldwide," said Chris McGurk, Cinedigm's Chairman and CEO. "Given the huge global market and fast growing consumer obsession with esports and gaming, we fully expect this channel to resonate with audiences and provide a tremendous growth opportunity."

    The WHAM Network is the fourth channel from Cinedigm's rapidly growing Digital Networks Group, which plans, launches and operates owned-and-operated as well as partner networks. Currently the company operates factual network Docurama, fandom lifestyle network CONtv, and family-focused Dove Channel. Combined, the three channels currently have approximately 3.34 million App downloads, 610,000 registered users and approximately 80,000 active subscribers. The company plans to continue to pursue additional network partnerships in the coming months.

    "Wham Network is the perfect addition to our family of OTT brands," said Erick Opeka, EVP/ Digital Networks for Cinedigm. "Along with complementing our existing channels, our platform partners are intrigued by the concept, and we expect significant distribution for the network in year one."

    [CIDM-G]

    For Cinedigm:
    Jill Newhouse Calcaterra
    Cinedigm
    jcalcaterra@cinedigm.com
    310/466-5135

    For WHAM Network:
    Chris Huppertz
    Bob Gold & Associates
    chris@bobgoldpr.com
    310/320-2010

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cinedigm-and-the-wham-network-partner-to-launch-global-gaming-and-esports-streaming-network-300416402.html

    Photo: http://mma.prnewswire.com/media/473793/Wham_network_logo.jpg Cinedigm



    Globant Acquires Ratio, Delivers on US Footprint Growth StrategyStrategic acquisition to accelerate expertise in digital transformation and innovative software development in the media & entertainment sectors

    SAN FRANCISCO, March 1, 2017 /PRNewswire/ -- Globant , a digitally native technology services company focused on creating digital journeys, today announced the strategic acquisition of Ratio, a leading digital services company specialized on video streaming solutions. With this acquisition, Globant expands its US footprint and its expertise in the media and entertainment segment.

    http://mma.prnewswire.com/media/460822/globant_logo.jpg

    This acquisition is aligned with Globant's vision of creating innovative software products that appeal to millions of users, allowing clients to transform their businesses. Ratio's main differentiator is not only to develop and deliver robust digital experiences and video streaming solutions for major media companies, but also offers a transformative OTT platform to its customers. This platform, called RTV, makes content and experience updates dynamic, while ensuring integrity across all platforms and devices.

    "Ratio recognizes the importance of delivering meaningful experiences for the clients' end users and shares our passion for creativity, innovation and design. Ratio's professionals have built outstanding OTT products for some of the world's leading media companies of these days," stated Martin Migoya, Globant CEO and co-founder. "The company's unique focus on innovative digital services and their one-of-a-kind software platform are clear differentiators. We are confident that this acquisition will strengthen Globant's goal of becoming the best partner in developing profound digital transformations."

    "By incorporating Ratio's team to Globant, together with the acquisition of Seattle-based L4 late last year, we continue building a global organization with some of the best talent in the world. On top of that, we keep expanding our US footprint to be even closer to our customers," added Martin Umaran, Globant Chief of Staff and co-founder. "Ratio will help us increase the depth of our expertise in the ever growing Media & Entertainment industry. We are thrilled to have them on board."

    Founded in 2001, Ratio is headquartered in Seattle, WA. The company's team is composed of 45 professionals working for renowned brands including Alaska Airlines, Microsoft, iHeartMedia and Yahoo!. The Ratio team delivers cutting-edge experiences across Web, iOS, Android, Windows, AppleTV, AndroidTV, FireTV, Xbox, Roku, Playstation, Samsung and LG SmartTVs. Through its platform RTV and custom media experiences Ratio has powered billions of views and listens across these platforms.

    Ratio's Co-Founder and CEO Nate Thompson said: "Ratio is committed to delivering cutting-edge experiences across the myriad platforms and devices of today's consumer. Joining forces with Globant will help Ratio to better serve our customers, and also allow us to leverage our deep media experience internationally as digital media consumption continues to grow at staggering rates. We are honored to be joining Globant as we believe they place the same value on digital innovation and transformation as Ratio, while also sharing the same cultural values in growing a great company and building great teams."

    Russ Whitman, Ratio's Co-Founder and CTO, added: "Globant is a leader in helping companies transform in this digital age, the opportunity to be a part of that movement on a global scale is both unique and empowering. Ratio is an amazing team that creates digital experiences at the intersection of art and technology, we are excited to join Globant in our pursuit of making the now and next". Paul Kim, Ratio's Co-Founder, concluded: "Creating meaningful experience, with and for people, has always been at the core of Ratio's culture and brand. Joining forces with Globant creates more opportunity for our people and will give Ratio the scale it needs to create digital journeys that truly matter to the world. Excited for the possibilities!"

    About Globant
    Globant is a digitally native technology services company that creates digital journeys for its customers, which impact millions of consumers. Globant is the place where engineering, design, and innovation meet scale.

    Globant has more than 5,600 professionals in 12 countries working for companies like Google, Linkedin, EA, and Coca Cola, among others.
    Globant was named a Worldwide Leader of Digital Strategy Consulting Services by IDC MarketScape Report (2016) and its client work has been featured as business case studies at Harvard University, Massachusetts Institute of Technology and Stanford University. For more information, visit www.globant.com.

    Logo - http://mma.prnewswire.com/media/460822/globant_logo.jpg

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/globant-acquires-ratio-delivers-on-us-footprint-growth-strategy-300416467.html

    Photo: http://mma.prnewswire.com/media/460822/globant_logo.jpg Globant

    CONTACT: For media / analyst inquiries please email globant@paragonpr.com

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




    Development Completed on MGT Bitcoin Mining PoolSecurity Testing Begins with Target Launch Early Second Quarter

    DURHAM, N.C., March 1, 2017 /PRNewswire/ -- MGT Capital Investments, Inc. today announced that its Bitcoin Mining Pool is scheduled to be fully available to the Bitcoin network early in the second quarter of 2017. Code development has been completed and security testing is underway. Upon launch, MGT plans to offer the world's most secure mining pool, branded MacPool, using the Company's proprietary cybersecurity utilities, and hosted exclusively on U.S. based servers.

    Bitcoin mining pools are a mechanism for Bitcoin mining nodes to combine resources, share hashing power and split rewards on a pro-rata basis. With Bitcoin valued at all-time highs, and consumer adoption reaching an inflection point, transaction numbers are expected to grow significantly. The growth in daily commerce using Bitcoin will increase the importance of aggregated mining pools to verify and report transactions to the Blockchain.

    John McAfee, Chief Executive Officer and Executive Chairman of MGT stated, "Our mining pool is a natural outgrowth of our investment in Blockchain technology as a foundation for future cybersecurity products. Large and respected Bitcoin mining operators will rapidly take over the enormous transaction processing requirements necessary for all companies to secure themselves in the near future. As a publicly-traded company, MGT leverages our unique opportunity to provide investors with a suitable proxy to participate in the profitable bitcoin mining space."

    About MGT Capital Investments, Inc.
    MGT Capital Investments, Inc. is in the process of acquiring and developing a diverse portfolio of cybersecurity technologies. With industry pioneer John McAfee at its helm, MGT is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, as well as corporate networks.

    Also as part of its corporate efforts in secure technologies, MGT is growing its capacity in mining Bitcoin. Currently at 5.0 PH/s, the Company's facility in Washington state produces about 100 Bitcoins per month, ranking it as one of the largest U.S.-based Bitcoin miners. Further, MGT is in active discussions with financial partners to grow Bitcoin output materially.

    Lastly, MGT stockholders have voted to change the corporate name of MGT to "John McAfee Global Technologies, Inc." Following a dispute over ownership and permitted usage of the name McAfee, The Company and Intel have agreed to a mediation process to avoid unnecessary legal costs.

    For more information on the Company, please visit: http://ir.stockpr.com/mgtci.

    Forward-looking Statements
    This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the Company's plans, beliefs, estimates and expectations. These statements are based on current estimates and projections, which involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These risks and uncertainties include issues related to: rapidly changing technology and evolving standards in the industries in which the Company and its subsidiaries operate; the ability to obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new business, license and sign new agreements; the unpredictable nature of consumer preferences; and other factors set forth in the Company's most recently filed annual report and registration statement. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. Readers should carefully review the risks and uncertainties described in other documents that the Company files from time to time with the U.S. Securities and Exchange Commission.

    Investor and Media Contact
    Tiffany Madison
    Director of Corporate Communications
    MGT Capital Investments, Inc.
    tmadison@mgtci.com
    469.236.9569

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/development-completed-on-mgt-bitcoin-mining-pool-300416204.html

    Photo: http://mma.prnewswire.com/media/358228/mgt_capital_investments__inc__logo.jpg MGT Capital Investments, Inc.

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




    root9B Remains #1 on the Cybersecurity 500 For 5th Consecutive Quarter

    COLORADO SPRINGS, Colo., March 1, 2017 /PRNewswire/ -- In response to remaining #1 on the Cybersecurity 500 for Q1 2017, root9B's Chief Executive Officer Eric Hipkins issued the following statement:

    "root9B is extremely proud to remain as the #1 company on the Cybersecurity 500 for the fifth consecutive quarter. Our team continues to set the standard in the Manned Information Security and Adversary Pursuit Operations (HUNT) market. This consistent ranking adds further confidence that our approach is the critical model needed to defend our current and future clients.

    "As Cybersecurity Ventures Founder and Editor-in-Chief Steve Morgan said in his company's press release, human capital has moved ahead of technology when companies are considered for the Cybersecurity 500. There is a prolonged labor shortage in the cybersecurity industry, with more than 1 million job openings in 2017, and that is only growing. We believe root9B has the greatest collection of cyber veterans who know how to deal with diverse types of sophisticated cyber adversaries and technical vulnerabilities.

    "As the organization that first introduced proactive HUNT operations to the commercial community, we have developed and refined our proprietary capabilities and methodologies to facilitate the necessary shift from automated passive technologies. We are very pleased with the response and traction we continue to gain. As we continue to witness the adversary target the commercial community, this alternative approach has proven to be the future of cyber. We are also very excited to see many organizations within the cyber community embrace the future that HUNT provides.

    "According to the Cybersecurity Market Report, cybercrime continues to fuel an expanding cyber market. Cybersecurity Ventures recently predicted that cybercrime damages will cost the world $6 trillion annually by 2021, up from $3 trillion last year and worldwide spending on cybersecurity products and services is forecast to eclipse $1 trillion for the five-year period from 2017 to 2021. As the global spotlight continues to shine on this vital space, we are once again both honored and humbled to be the top global cybersecurity company on the Cybersecurity 500."

    root9B is a wholly-owned subsidiary of root9B Holdings , a leading provider of cybersecurity and regulatory risk mitigation services.

    About root9B

    Ranked as the #1 Cybersecurity company for five consecutive quarters by Cybersecurity Ventures (Jan 2016), root9B stands in defiance of the unwanted human presence within our clients' networks by attacking the root of the problem--the adversary's ability to gain entry and remain undetected. root9B's application of advanced technology developed through cutting-edge R&D and engineering and refined through relevant, hands-on training is revolutionary. root9B combines next generation technology, tactics development, specialty tools, and deep mission experience. root9B personnel leverage their extensive backgrounds in the U.S. Intelligence Community to conduct advanced vulnerability analysis, penetration testing, digital forensics, incident response, Industrial Control System (ICS) security, and Active Adversary Pursuit (HUNT) engagements on networks worldwide. For more information, visit www.root9B.com.

    About root9B Holdings, Inc.

    root9B Holdings is a leading provider of Cybersecurity and Regulatory Risk Mitigation Services. Through its wholly owned subsidiaries root9B and IPSA International, the Company delivers results that improve productivity, mitigate risk and maximize profits. Its clients range in size from Fortune 100 companies to mid-sized and owner-managed businesses across a broad range of industries including local, state and government agencies. For more information, visit www.root9bholdings.com

    Media Contact: Investors: Andrew Hoffman Devin Sullivan Zito Partners The Equity Group Inc. 908-546-7447 212-836-9608 andrew@zitopartners.com dsullivan@equityny.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/root9b-remains-1-on-the-cybersecurity-500-for-5th-consecutive-quarter-300416360.html

    root9B

    Web site: https://www.root9b.com/




    General Dynamics Board Increases Dividend, Authorizes Share Repurchases

    FALLS CHURCH, Va., March 1, 2017 /PRNewswire/ -- The board of directors of General Dynamics today declared a regular quarterly dividend of 84 cents per share on the company's common stock, payable May 5, 2017, to shareholders of record on April 7. The dividend represents a 10.5 percent increase from the previous quarterly dividend of 76 cents per share, and it is the 20th consecutive annual dividend increase authorized by the General Dynamics board.

    The board also provided management with the authority to repurchase an additional 10 million shares of the company's issued and outstanding common stock on the open market.

    Headquartered in Falls Church, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; C4ISR and IT solutions; and shipbuilding. The company's revenues in 2016 were $31.4 billion.

    More information about the company is available at www.generaldynamics.com.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/general-dynamics-board-increases-dividend-authorizes-share-repurchases-300416239.html

    Photo: http://mma.prnewswire.com/media/81320/general_dynamics_logo.jpg General Dynamics

    CONTACT: Lucy Ryan, Tel: 703 876 3631, lryan@generaldynamics.com

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




    OpenText Appoints Jurgen Tinggren to Board of Directors

    WATERLOO, Ontario, March 1, 2017 /PRNewswire/ -- Open Text Corporation ("OpenText") announced today the appointment of Jurgen Tinggren to its board of directors. Mr. Tinggren is the former chief executive officer of Schindler Group, a European based global industrial corporation with over 60,000 employees in more than 100 countries, and has over 30 years of international business experience.

    "Jurgen brings a strong global European perspective to our board," said Tom Jenkins, Chair of the board of directors. "His extensive international operational knowledge and deep rooted focus on value creation for customers and shareholders is a strategic asset that further strengthens our Board."

    Mr. Tinggren has served in various executive leadership capacities for Schindler Group internationally, ultimately as chief executive officer. Previous to Schindler Group, Mr. Tinggren gained extensive management experience at Sika AG, based in Switzerland, Sweden and North America, as well as Booz Allen & Hamilton. He is currently a non-executive member of the board of directors of Johnson Controls International where he also serves as chair of the audit committee, Sika AG (a public specialty manufacturing company, based in Switzerland), and the Conference Board. He received an M.B.A. from Stockholm School of Economics and New York University Business School.

    About OpenText

    OpenText is the largest independent software provider of Enterprise Information Management (EIM).

    Certain statements in this press release may contain forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and created under the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. All statements other than statements of historical facts are statements that could be deemed forward-looking statements. We have based those forward-looking statements on OpenText's current expectations and projections about future results.

    Such forward looking statements involve known and unknown risks, uncertainties and other factors and assumptions that may cause the actual results, performance or achievements to differ materially. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the Securities and Exchange Commission and other securities regulators. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    OTEX-F

    Copyright (C)2017 OpenText. OpenText is a trademark or registered trademark of OpenText. The list of trademarks is not exhaustive of other trademarks. Registered trademarks, product names, company names, brands and service names mentioned herein are property of OpenText. All rights reserved.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/opentext-appoints-jurgen-tinggren-to-board-of-directors-300416240.html

    Open Text Corporation

    CONTACT: For more information, please contact: Greg Secord, Vice
    President, Investor Relations, Open Text Corporation, San Francisco:
    415-963-0825, gsecord@opentext.com

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




    Aviat Networks to Present at the 29th Annual ROTH Capital Conference

    MILPITAS, Calif., March 1, 2017 /PRNewswire/ -- Aviat Networks, Inc. , the leading expert in microwave networking solutions, today announced that it will be presenting at the 29(th) Annual ROTH Capital Conference on Wednesday, March 15, 2017. The conference will be held at the Ritz-Carlton in Dana Point, California and will feature industry panels, special appearances and keynotes, as well as presentations from over 500 public and private growth companies.

    The Company's presentation, to be delivered by President and Chief Executive Officer Michael Pangia, is scheduled for 11:00 a.m. Pacific Daylight Time in THE PLAZA - RED. The presentation will be webcast and can be accessed at the following link: http://wsw.com/webcast/roth31/avnw or by visiting the Company's website at www.aviatnetworks.com in the Investor Relations section.

    Both Michael Pangia and Ralph Marimon, Aviat Networks' Chief Financial Officer will be available for one-on-one meetings on March 14 - March 15, 2017. Investors interested in arranging a meeting with management should contact their ROTH representative or reach out to Aviat's investor relations department.

    About Aviat Networks

    Aviat Networks, Inc. works to provide dependable products, services and support to our customers. With more than one million systems sold into 170 countries worldwide, communications service providers and private network operators including state/local government, utility, federal government and defense organizations trust Aviat with their critical applications. Coupled with a long history of microwave innovations, Aviat provides a comprehensive suite of localized professional and support services enabling customers to drastically simplify both their networks and their lives. For more than 70 years, the experts at Aviat have delivered high performance products, simplified operations, and the best overall customer experience. Aviat Networks is headquartered in Milpitas, California. For more information, visit www.aviatnetworks.com or connect with Aviat Networks on Twitter, Facebook and LinkedIn.

    Media Contact: Gary Croke, Aviat Networks, Inc., gary.croke@aviatnet.com

    Investor Contact: Glenn Wiener, GW Communications, gwiener@GWCco.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/aviat-networks-to-present-at-the-29th-annual-roth-capital-conference-300416186.html

    Aviat Networks

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




    Aware, Inc. Announces Resignation of co-Chief Executive Officer & Chief Financial OfficerKevin Russell, Aware's Current co-Chief Executive Officer and co-President, to Become Chief Executive Officer and PresidentDavid Martin, Aware's Current Controller, to Become Chief Financial Officer

    BEDFORD, Mass., March 1, 2017 /PRNewswire/ -- Aware, Inc. , a leading supplier of biometrics software and services, announced that Richard P. Moberg has resigned, effective March 3, 2017, as co-Chief Executive Officer and co-President and Chief Financial Officer and Treasurer of Aware citing a desire to retire. Mr. Moberg will continue to serve as a member of the Board of Directors of Aware.

    Kevin T. Russell, Aware's co-Chief Executive Officer and co-President, General Counsel has been named Chief Executive Officer, President and General Counsel. Mr. Russell will continue to serve as a member of the Board of Directors of Aware. Mr. Russell has been with Aware since April 2000 and has served as co-Chief Executive Officer and co-President, General Counsel since April 2011. David J. Martin, Aware's Controller, has been named Chief Financial Officer and Treasurer of Aware. Mr. Martin has served as Aware's Controller since October 2006 and previously served as Controller from October 1996 to October 2005.

    Mr. Russell said, "We thank Rick for his many years of dedicated service to Aware. Rick's numerous and valuable contributions to Aware include helping to build the company's biometrics business as well as managing all of the company's financial reporting obligations. He has left behind a strong organization that is well positioned for the future. We wish him the best in his future endeavors and look forward to continuing to work with him as a member of our Board of Directors."

    Mr. Russell continued, "We are happy to announce Dave's promotion to CFO. Dave has provided many years of valuable service in Aware's financial organization. His vast experience in financial reporting and with Aware's business will serve him well as he takes on the role of CFO."

    About Aware
    Aware is a leading provider of biometrics software products and development services to governments, system integrators, and solution providers globally. Our products include SDKs, software components, workstation applications, and a modular, centralized, service-oriented platform. They fulfill a broad range of functions critical to biometric authentication and search, including face, fingerprint, and iris autocapture, image quality assurance, data compliance, capture hardware peripheral abstraction, centralized data processing and workflow, subsystem connectivity, and biometric matching algorithms. The products are used to enable identity-centric security solutions with biometrics for applications including border management, credentialing and access control, intelligence and defense, and law enforcement. Aware is a publicly held company based in Bedford, Massachusetts.

    See Aware's website for more information about our biometrics software products.

    Safe Harbor Warning
    Portions of this release contain forward-looking statements regarding future events and are subject to risks and uncertainties, such as statements concerning Aware being well positioned for the future and Mr. Martin serving Aware well in his new position as CFO. Aware wishes to caution you that there are factors that could cause actual results to differ materially from the results indicated by such statements.

    Risk factors related to our business include, but are not limited to: i) our operating results may fluctuate significantly and are difficult to predict; ii) we derive a significant portion of our revenue from government customers, and our business may be adversely affected by changes in the contracting or fiscal policies of those governmental entities; iii) a significant commercial market for biometrics technology may not develop, and if it does, we may not be successful in that market; iv) we derive a significant portion of our revenue from third party channel partners; v) hardware revenue is likely to decline in future periods; vi) we face intense competition from other biometrics solution providers; vii) our business is subject to rapid technological change; viii) our software products may have errors, defects or bugs which could harm our business; ix) our business may be adversely affected by our use of open source software; x) our intellectual property is subject to limited protection; xi) we may be sued by third parties for alleged infringement of their proprietary rights; xii) we must attract and retain key personnel; xiii) we rely on single sources of supply for certain components used in our hardware products; xiv) our business may be affected by government regulations and adverse economic conditions; xv) we may make acquisitions that could adversely affect our results, and xvi) we may have additional tax liabilities.

    We refer you to the documents Aware files from time to time with the Securities and Exchange Commission, specifically the section titled Risk Factors in our annual report on Form 10-K for the fiscal year ended December 31, 2016 and other reports and filings made with the Securities and Exchange Commission.

    Aware is a registered trademark of Aware, Inc. Any other trademarks appearing herein are the property of their respective owners.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/aware-inc-announces-resignation-of-co-chief-executive-officer--chief-financial-officer-300416096.html

    Aware, Inc.

    CONTACT: Kevin Russell, Aware, Inc., 781-276-4000

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




    Digital Realty Increases Quarterly Cash Dividend for Common Stock by 5.7% to $0.93 per Share

    SAN FRANCISCO, March 1, 2017 /PRNewswire/ -- Digital Realty , a leading global provider of data center, colocation and interconnection solutions, announced today that its board of directors has authorized quarterly cash dividends for common and preferred stock for the first quarter of 2017.

    "Our board of directors has approved an increase in our quarterly common stock cash dividend of 5.7% to $0.93 per share, reflecting our expectation of continued growth in cash flow," commented Andrew P. Power, Chief Financial Officer. "This marks the 12(th) consecutive year we have grown our dividend, and we are pleased to be among a select group of REITs to have raised the dividend each and every year since our initial public offering in 2004."

    Common Stock
    Digital Realty's board of directors authorized a cash dividend of $0.93 per share to common stockholders of record as of the close of business on March 15, 2017. The common stock cash dividend will be paid on March 31, 2017.

    Series F Cumulative Redeemable Preferred Stock
    The company's board of directors authorized a cash dividend of $0.414063 per share to holders of record of the company's 6.625% Series F Cumulative Redeemable Preferred Stock as of the close of business on March 15, 2017. The Series F Cumulative Redeemable Preferred Stock cash dividend will be paid on March 31, 2017.

    Series G Cumulative Redeemable Preferred Stock
    The company's board of directors authorized a cash dividend of $0.367188 per share to holders of record of the company's 5.875% Series G Cumulative Redeemable Preferred Stock as of the close of business on March 15, 2017. The Series G Cumulative Redeemable Preferred Stock cash dividend will be paid on March 31, 2017.

    Series H Cumulative Redeemable Preferred Stock
    The company's board of directors authorized a cash dividend of $0.460938 per share to holders of record of the company's 7.375% Series H Cumulative Redeemable Preferred Stock as of the close of business on March 15, 2017. The Series H Cumulative Redeemable Preferred Stock cash dividend will be paid on March 31, 2017.

    Series I Cumulative Redeemable Preferred Stock
    The company's board of directors authorized a cash dividend of $0.396875 per share to holders of record of the company's 6.350% Series I Cumulative Redeemable Preferred Stock as of the close of business on March 15, 2017. The Series I Cumulative Redeemable Preferred Stock cash dividend will be paid on March 31, 2017.

    For Additional Information:
    Andrew P. Power
    Chief Financial Officer
    Digital Realty Trust, Inc.
    (415) 738-6500

    Investor Relations
    John J. Stewart / Maria S. Lukens
    Digital Realty Trust, Inc.
    (415) 738-6500
    investorrelations@digitalrealty.com

    About Digital Realty
    Digital Realty supports the data center, colocation and interconnection strategies of more than 2,200 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. Digital Realty's clients include domestic and international companies of all sizes, ranging from financial services, cloud and information technology services, to manufacturing, energy, gaming, life sciences and consumer products. https://www.digitalrealty.com/

    Safe Harbor Statement
    This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the amount and timing of expected payment of dividends on our common stock and preferred stock, and statements related to our financial performance, future growth for 2017 and dividend policy. These risks and uncertainties include, among others, the impact of current global economic, credit and market conditions; current local economic conditions in the metropolitan areas in which we operate; decreases in information technology spending, including as a result of economic slowdowns or recession; adverse economic or real estate developments in our industry or the industry sectors that we sell to (including risks relating to decreasing real estate valuations and impairment charges); our dependence upon significant tenants; bankruptcy or insolvency of a major tenant or a significant number of smaller tenants; defaults on or non-renewal of leases by tenants; our failure to obtain necessary debt and equity financing; risks associated with using debt to fund our business activities, including re-financing and interest rate risks, our failure to repay debt when due, adverse changes in our credit ratings or our breach of covenants or other terms contained in our loan facilities and agreements; financial market fluctuations; changes in foreign currency exchange rates; our inability to manage our growth effectively; difficulty acquiring or operating properties in foreign jurisdictions; our failure to successfully integrate and operate acquired or developed properties or businesses; the suitability of our properties and data center infrastructure, delays or disruptions in connectivity, failure of our physical and information security infrastructure or services or availability of power; risks related to joint venture investments, including as a result of our lack of control of such investments; delays or unexpected costs in development of properties; decreased rental rates, increased operating costs or increased vacancy rates; increased competition or available supply of data center space; our inability to successfully develop and lease new properties and development space; difficulties in identifying properties to acquire and completing acquisitions; our inability to acquire off-market properties; the impact of the United Kingdom's referendum on withdrawal from the European Union on global financial markets and our business; our inability to comply with the rules and regulations applicable to reporting companies; our inability to comply with the rules and regulations applicable to reporting companies; our failure to maintain our status as a REIT; possible adverse changes to tax laws; restrictions on our ability to engage in certain business activities; environmental uncertainties and risks related to natural disasters; losses in excess of our insurance coverage; changes in foreign laws and regulations, including those related to taxation and real estate ownership and operation; and changes in local, state and federal regulatory requirements, including changes in real estate and zoning laws and increases in real property tax rates. For a further list and description of such risks and uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission, including the company's Annual Report on Form 10-K for the year ended December 31, 2015, as amended, and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2016, June 30, 2016 and September 30, 2016. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/digital-realty-increases-quarterly-cash-dividend-for-common-stock-by-57-to-093-per-share-300416209.html

    Digital Realty

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




    General Dynamics Appoints Gilliland as Deputy for Operations at General Dynamics Information Technology; Kuryea as Senior Vice President, Human Resources and Administration; Moss as Vice President and Controller

    FALLS CHURCH, Va., March 1, 2017 /PRNewswire/ -- General Dynamics today announced that M. Amy Gilliland will become the Deputy for Operations for General Dynamics Information Technology. Kimberly A. Kuryea, vice president and controller of the corporation, will succeed Gilliland as the company's senior vice president, Human Resources and Administration. In addition, William A. Moss, staff vice president, Internal Audit, will replace Kuryea. Moss was elected by the company's board of directors as a vice president of General Dynamics on March 1. These appointments are effective April 1, 2017.

    "Amy Gilliland, Kim Kuryea and Bill Moss bring a wealth of diverse experience to their new positions," said Phebe N. Novakovic, chairman and chief executive officer. "They will each continue to serve as key members of our leadership team in their new assignments."

    Gilliland will report to S. Daniel Johnson, president of General Dynamics Information Technology and executive vice president of Information Systems and Technology. She will remain a senior vice president and officer of the corporation.

    Gilliland, 42, became General Dynamics' senior vice president, Human Resources and Administration in April 2015. She was appointed a vice president of General Dynamics in February 2014. Previously, she was the staff vice president of Strategic Planning and chief of staff for the chief executive officer from 2012 to 2013, staff vice president of Investor Relations from 2008 to 2012, and director of strategic planning from 2005 to 2008. Gilliland earned a bachelor's degree from the U.S. Naval Academy, a master's degree from Cambridge University and a master's degree in business administration from Georgetown University.

    In her new position, Kuryea will report to Phebe Novakovic. She will become a senior vice president and remain an officer of the corporation.

    Kuryea, 50, was appointed vice president and controller in 2011. Previously, she was chief financial officer of General Dynamics Advanced Information Systems from 2007 to 2011 and staff vice president, Internal Audit from 2004 to 2007. Prior to joining General Dynamics in 2000 as director of Financial Planning and Analysis, Kuryea worked for Arthur Andersen LLP in its government contracting practice. Kuryea holds a bachelor's degree in accounting from Georgetown University and a master's of business administration from Duke University.

    Moss will report to Jason W. Aiken, senior vice president and chief financial officer, in his new role as controller.

    Moss, 53, began his role as staff vice president, Internal Audit in 2015. Previously, Moss served as the staff vice president, Accounting at corporate headquarters from 2010 to 2015. Moss also served as the director, Financial Reporting at General Dynamics Advanced Information Systems from 2001 to 2010. Moss holds a bachelor's degree in accounting from the University of Illinois.

    http://photos.prnewswire.com/prnvar/20140428/81320

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/general-dynamics-appoints-gilliland-as-deputy-for-operations-at-general-dynamics-information-technology-kuryea-as-senior-vice-president-human-resources-and-administration-moss-as-vice-president-and-controller-300416294.html

    Photo: http://photos.prnewswire.com/prnh/20140428/81320 General Dynamics

    CONTACT: Lucy Ryan, Tel: 703-876-3631, lryan@generaldynamics.com

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




    Pure Storage Announces Record Fourth Quarter and Fiscal Year 2017 Financial Results

    MOUNTAIN VIEW, Calif., March 1, 2017 /PRNewswire/ -- Pure Storage today announced financial results for its fourth quarter and fiscal year ended January 31, 2017.

    Key quarterly business and financial highlights include:

    --  Record quarterly revenue of $227.9 million, up 52% Y/Y, 2.2% above
    midpoint of guidance
    --  Record full year revenue of $728.0 million, up 65% Y/Y, 3.3% above
    midpoint of guidance
    --  Record quarterly operating leverage, GAAP margin of -18.6%, 10.0 ppts
    improvement Y/Y and non-GAAP margin of -1.9%, 12.0 ppts improvement Y/Y
    --  Positive momentum in unstructured data market with FlashBlade now
    generally available
    

    "Pure Storage is delivering the data platform for the cloud era, helping customers put data to work for their businesses," said Pure Storage CEO Scott Dietzen. "This year, Pure expects to reach $1 billion in revenue - a remarkable achievement and evidence that we're only just getting started. We could not be more excited about the opportunities ahead."

    "Q4 was a solid quarter and a strong end to our fiscal 2017 with consistent year-over-year revenue growth and a strong improvement in our operating leverage," said Pure Storage CFO Tim Riitters. "We are confident in our outlook for fiscal 2018 and remain focused on executing steadily on our business model for continued growth and industry leadership."

    A record 450 new customers joined Pure Storage this quarter, increasing the total to more than 3,000 organizations, including more than 20% of the Fortune 500. New customer wins in the quarter include: Hulu, KONAMI, Optus Business, Royal Philips, Phreesia and Subway. New FlashBlade customer wins include: the National Hockey League, law firm Keker, Van Nest & Peters and geoscience solutions provider ION.

    Fourth Quarter Fiscal 2017 Financial Highlights

    The following tables summarize our consolidated financial results for the fiscal quarters ended January 31, 2016 and 2017 (in millions except per share amounts, unaudited):

    GAAP Quarterly Financial Information ------------------------------------ Three Months Ended Three Months Ended Y/Y January 31, 2016 January 31, 2017 Change ---------------- ---------------- ------ Revenue $150.2 $227.9 52% ------- ------ ------ --- Gross Margin 65.3% 65.3% 0.0 ppts ------------ ---- ---- -------- Product Gross Margin 68.2% 66.5% -1.7 ppts ------- ---- ---- --------- Support Gross Margin 49.5% 59.6% 10.1 ppts ------- ---- ---- --------- Operating Loss -$42.9 -$42.5 $0.4 --------- ------ ------ ---- Operating Margin -28.6% -18.6% 10.0 ppts --------- ----- ----- --------- Net Loss -$44.3 -$42.9 $1.4 -------- ------ ------ ---- Net Loss per Share -$0.24 -$0.21 $0.03 ------------ ------ ------ ----- Weighted- Average Shares (Basic and Diluted) 187.4 201.0 13.6 ----------- ----- ----- ----

    Non-GAAP Quarterly Financial Information ---------------------------------------- Three Months Ended Three Months Ended Y/Y January 31, 2016 January 31, 2017 Change ---------------- ---------------- ------ Gross Margin 66.0% 66.1% 0.1 ppts ------------ ---- ---- -------- Product Gross Margin 68.3% 66.6% -1.7 ppts ------- ---- ---- --------- Support Gross Margin 53.4% 63.6% 10.2 ppts ------- ---- ---- --------- Operating Loss -$20.9 -$4.4 $16.5 --------- ------ ----- ----- Operating Margin -13.9% -1.9% 12.0 ppts --------- ----- ---- --------- Net Loss -$22.3 -$4.8 $17.5 -------- ------ ----- ----- Net Loss per Share -$0.12 -$0.02 $0.10 ------------ ------ ------ ----- Weighted- Average Shares (Basic and Diluted) 187.4 201.0 13.6 ----------- ----- ----- ---- Free Cash Flow $32.1 $25.3 -$6.8 --------- ----- ----- -----

    A reconciliation between GAAP and non-GAAP information is provided at the end of this release.

    Financial Outlook

    Full Year Fiscal 2018 Guidance:

    --  Revenue in the range of $975 million to $1,025 million
    --  Non-GAAP gross margin in the range of 63.5% to 66.5%
    --  Non-GAAP operating margin in the range of -9% to -5%
    

    First Quarter Fiscal 2018 Guidance:

    --  Revenue in the range of $171 million to $179 million
    --  Non-GAAP gross margin in the range of 63.5% to 66.5%
    --  Non-GAAP operating margin in the range of -27% to -23%
    

    All forward-looking non-GAAP financial measures contained in this section titled "Financial Outlook" exclude stock-based compensation expense, payroll tax expense related to stock-based activities and, as applicable, other special items. We have not reconciled guidance for non-GAAP gross margin and non-GAAP operating margin to their most directly comparable GAAP measures because such items that impact these measures are not within our control and/or cannot be reasonably predicted. Accordingly, a reconciliation of the non-GAAP financial measure guidance to the corresponding GAAP measures is not available without unreasonable effort.

    Conference Call Information

    Pure Storage will host a teleconference to discuss the fourth quarter and fiscal year 2017 results at 2:00 p.m. (PT) on March 1, 2017. Pure Storage will post its supplemental earnings presentation to the investor relations website at investor.purestorage.com following the conference call. Teleconference details are as follows:

    --  To Listen via Telephone: 877-201-0168 or 647-788-4901 (for international
    callers).
    --  To Listen via the Internet: A live and replay audio broadcast of the
    conference call with corresponding slides will be available at
    investor.purestorage.com.
    --  Replay: A telephone playback of this conference call is scheduled to be
    available two hours after the call ends on March 1, 2017, through March
    8, 2017. The replay will be accessible by calling 1-800-585-8367 or
    1-416-621-4642 (for international callers), with conference ID 59578076.
    The call runs 24 hours per day, including weekends.
    

    CEO Commentary

    Pure Storage has posted a blog from its CEO discussing fourth quarter and fiscal year 2017 results at investor.purestorage.com and blog.purestorage.com.

    About Pure Storage

    Pure Storage helps companies push the boundaries of what's possible. The company's all-flash based technology, combined with its customer-friendly business model, drives business and IT transformation with Smart Storage that is effortless, efficient and evergreen. Pure Storage offers two flagship products: FlashArray//M, optimized for structured workloads, and FlashBlade, ideal for unstructured data. With Pure's industry leading Satmetrix-certified NPS score of 83.5, Pure customers are some of the happiest in the world, and include organizations of all sizes, across an ever-expanding range of industries.

    Connect with Pure Storage:
    Read the blog
    Converse on Twitter
    Follow on LinkedIn

    Analyst Recognition:
    Gartner Magic Quadrant for Solid-State Arrays
    IDC MarketScape for All-Flash Arrays

    Pure Storage, Evergreen, FlashBlade and the "P" Logo mark are trademarks of Pure Storage, Inc. All other trademarks or names referenced in this document are the property of their respective owners.

    Forward Looking Statements
    This press release contains forward-looking statements regarding our products, business and operations, including our expectations regarding technology differentiation, including momentum with FlashBlade, our opportunity and ability to execute for continued growth and industry leadership, and our outlook for the first quarter and full year fiscal 2018 and statements regarding our products, business, operations and results, including progress toward profitability. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the captions "Risk Factors" and elsewhere in our filings and reports with the U.S. Securities and Exchange Commission, including, but not limited to, our Quarterly Report on Form 10-Q for the quarter ended October 31, 2016, which are available on our investor relations website at investor.purestorage.com and on the SEC website at www.sec.gov. Additional information will also be set forth in our Annual Report on Form 10-K for the fiscal year ended January 31, 2017. All information provided in this release and in the attachments is as of March 1, 2017, and we undertake no duty to update this information unless required by law.

    Non-GAAP Financial Measures
    To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with GAAP, we use the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating loss, non-GAAP operating margin, non-GAAP net loss, non-GAAP net loss per share, free cash flow, and free cash flow as a percentage of revenue. In computing these non-GAAP financial measures, we exclude the effects of stock-based compensation expense and payroll tax expense related to stock-based activities. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

    We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses and expenditures such as stock-based compensation expense that may not be indicative of our ongoing core business operating results. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and planning, forecasting, and analyzing future periods. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies.

    For a reconciliation of these non-GAAP financial measures to GAAP measures, please see the tables captioned "Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures" and "Reconciliation from net cash provided by operating activities to free cash flow," included at the end of this release.

    PURE STORAGE, INC. Condensed Consolidated Balance Sheets (in thousands) As of As of January 31, 2016 January 31, 2017 ---------------- ---------------- (unaudited) Assets Current assets: Cash and cash equivalents $604,742 $183,675 Marketable securities - 362,986 Accounts receivable, net of allowance of $944 and $2,000 126,324 168,978 Inventory 20,649 23,498 Deferred commissions, current 15,703 15,787 Prepaid expenses and other current assets 20,652 25,157 ------ ------ Total current assets 788,070 780,081 Property and equipment, net 52,629 81,695 Intangible assets, net 6,980 6,560 Deferred income taxes, non- current 536 844 Other assets, non-current 22,568 30,565 Total assets $870,783 $899,745 ======== ======== Liabilities and stockholders' equity Current liabilities: Accounts payable $38,187 $52,719 Accrued compensation and benefits 32,995 39,252 Accrued expenses and other liabilities 14,076 21,697 Deferred revenue, current 94,514 158,095 Liability related to early exercised stock options 4,760 1,362 ----- ----- Total current liabilities 184,532 273,125 Deferred revenue, non-current 121,690 145,031 Other liabilities, non-current 1,207 3,159 ----- Total liabilities 307,429 421,315 ------- ------- Stockholders' equity: Common stock and additional paid-in capital 1,118,689 1,281,472 Accumulated other comprehensive loss - (562) Accumulated deficit (555,335) (802,480) Total stockholders' equity 563,354 478,430 ------- ------- Total liabilities and stockholders' equity $870,783 $899,745 ======== ========

    PURE STORAGE, INC. Condensed Consolidated Statements of Operations (in thousands, except per share data) Three Months Ended January 31, Twelve Months Ended January 31, ------------------------------ ------------------------------- 2016 2017 2016 2017 ---- ---- ---- ---- (unaudited) Revenue: Product $127,350 $186,820 $375,733 $590,001 Support 22,881 41,040 64,600 137,976 ------ Total revenue 150,231 227,860 440,333 727,977 ------- ------- ------- ------- Cost of revenue: Product (1) 40,522 62,532 132,870 194,150 Support (1) 11,544 16,598 35,023 58,129 ------ ------ Total cost of revenue 52,066 79,130 167,893 252,279 Gross profit 98,165 148,730 272,440 475,698 ------ ------- ------- ------- Operating expenses: Research and development (1) 53,710 72,632 166,645 245,817 Sales and marketing (1) 68,927 97,962 240,574 360,035 General and administrative (1) (2) 18,461 20,631 75,402 84,652 Legal settlement (3) - - - 30,000 --- Total operating expenses 141,098 191,225 482,621 720,504 ------- ------- ------- ------- Loss from operations (42,933) (42,495) (210,181) (244,806) Other income (expense), net (757) 500 (2,002) 1,627 ---- --- ------ ----- Loss before provision for income taxes (43,690) (41,995) (212,183) (243,179) Provision for income taxes 604 920 1,569 1,887 --- --- ----- ----- Net loss $(44,294) $(42,915) $(213,752) $(245,066) ======== ======== ========= ========= Net loss per share attributable to common stockholders, basic and diluted $(0.24) $(0.21) $(2.59) $(1.26) ====== ====== ====== ====== Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted 187,365 201,024 82,460 194,714 ======= ======= ====== ======= (1) Includes stock-based compensation expense as follows: Cost of revenue -- product $137 $176 $276 $601 Cost of revenue -- support 877 1,657 2,388 5,639 Research and development 12,511 22,620 31,135 63,495 Sales and marketing 6,427 9,598 16,966 34,317 General and administrative 2,075 3,488 7,460 12,616 Total stock-based compensation expense $22,027 $37,539 $58,225 $116,668 ======= ======= ======= ========

    (2) Includes a one-time charge of $11.9 million for an equity grant to the Pure Good Foundation in the twelve months ended January 31, 2016. (3) Represents a one-time charge for our legal settlement with Dell, Inc.

    PURE STORAGE, INC. Condensed Consolidated Statements of Cash Flows (in thousands) Three Months Ended January 31, Twelve Months Ended January 31, ------------------------------ ------------------------------- 2016 2017 2016 2017 ---- ---- ---- ---- (unaudited) Cash flows from operating activities Net loss $(44,294) $(42,915) $(213,752) $(245,066) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization 9,136 14,225 32,254 50,203 Stock-based compensation expense 22,027 37,539 58,225 116,668 Contribution of common stock to Pure Good Foundation - - 11,900 - Other (1,093) 533 (1,093) 1,584 Changes in operating assets and liabilities: Accounts receivable, net (14,198) (5,863) (67,292) (44,049) Inventory 4,901 (3,587) 1,481 (3,776) Deferred commissions (4,549) (2,584) (13,021) (740) Prepaid expenses and other assets (6,639) (6,172) (8,704) (6,133) Accounts payable 14,677 7,005 24,901 10,644 Accrued compensation and other liabilities 7,494 12,595 24,710 19,381 Deferred revenue 54,548 26,742 142,535 86,922 Net cash provided by (used in) operating activities 42,010 37,518 (7,856) (14,362) ------ ------ ------ ------- Cash flows from investing activities Purchases of property and equipment (9,861) (12,171) (39,355) (76,773) Purchases of intangible assets - - - (1,000) Purchases of marketable securities - (43,159) - (526,717) Sales of marketable securities - 34,539 - 114,354 Maturities of marketable securities - 10,300 - 48,513 Net increase in restricted cash - - (2,485) (5,600) Net cash used in investing activities (9,861) (10,491) (41,840) (447,223) ------ ------- ------- -------- Cash flows from financing activities Proceeds from initial public offering, net - - 459,425 - Net proceeds from exercise of stock options 1,298 4,187 6,008 14,912 Proceeds from issuance of common stock under employee stock purchase plan - - - 25,606 Payments of deferred offering costs (2,012) - (3,702) - Net cash provided by (used in) financing activities (714) 4,187 461,731 40,518 ---- ----- ------- ------ Net increase (decrease) in cash and cash equivalents 31,435 31,214 412,035 (421,067) Cash and cash equivalents, beginning of period 573,307 152,461 192,707 604,742 Cash and cash equivalents, end of period $604,742 $183,675 $604,742 $183,675 ======== ======== ======== ========

    Reconciliations of non-GAAP results of operations to the nearest comparable GAAP measures The following table presents non-GAAP gross margins by revenue source before certain items (in thousands, unaudited): Three Months Ended January 31, 2016 Three Months Ended January 31, 2017 ----------------------------------- ----------------------------------- GAAP GAAP Adjustment Non-GAAP Non-GAAP GAAP GAAP Adjustment Non-GAAP Non-GAAP results gross results gross results gross results gross margin (a) margin (b) margin (a) margin (b) --- --- --- ---------- $137 (c) $176 (c) 1 (d) --- Gross profit -- product $86,828 68.2% $137 $86,965 68.3% $124,288 66.5% $177 $124,465 66.6% ------- ------- -------- -------- $877 (c) $1,657 (c) 22 (d) --- Gross profit -- support $11,337 49.5% $877 $12,214 53.4% $24,442 59.6% $1,679 $26,121 63.6% ------- ------- ------- ------- $1,014 (c) $1,833 (c) 23 (d) Total gross profit $98,165 65.3% $1,014 $99,179 66.0% $148,730 65.3% $1,856 $150,586 66.1% ======= ====== ======= ======== ====== ======== (a) GAAP gross margin is defined as gross profit divided by revenue. (b) Non-GAAP gross margin is defined as non-GAAP gross profit divided by revenue. (c) To eliminate stock-based compensation expense. (d) To eliminate payroll tax expense related to stock-based activities.

    The following table presents certain non-GAAP consolidated results before certain items (in thousands, except per share amounts, unaudited): Three Months Ended January 31, 2016 Three Months Ended January 31, 2017 ----------------------------------- ----------------------------------- GAAP GAAP Adjustment Non-GAAP Non-GAAP GAAP GAAP Adjustment Non-GAAP Non-GAAP results operating results operating results operating results operating margin (a) margin (b) margin (a) margin (b) --- --- --- ---------- $22,027 (c) $37,539 (c) 601 (d) Loss from operations $(42,933) -28.6% $22,027 $(20,906) -13.9% $(42,495) -18.6% $38,140 $(4,355) -1.9% -------- -------- -------- ------- $22,027 (c) $37,539 (c) 601 (d) Net loss $(44,294) $22,027 $(22,267) $(42,915) $38,140 $(4,775) ======== ======== ======== ======= Net loss per share --basic and diluted $(0.24) $(0.12) $(0.21) $(0.02) ====== ====== ====== ====== Weighted- average shares used in per share calculation -- basic and diluted 187,365 187,365 201,024 201,024 (a) GAAP operating margin is defined as loss from operations divided by revenue. (b) Non-GAAP operating margin is defined as non-GAAP loss from operations divided by revenue. (c) To eliminate stock-based compensation expense. (d) To eliminate payroll tax expense related to stock-based activities.

    Reconciliation from net cash provided by operating activities to free cash flow (in thousands, unaudited):

    Three Months Ended January 31, ------------------- 2016 2017 ---- ---- Net cash provided by operating activities $42,010 $37,518 Less: purchases of property and equipment (9,861) (12,171) ------ ------- Free cash flow $32,149 $25,347 ------- ------- Free cash flow as % of revenue 21.4% 11.1%


    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pure-storage-announces-record-fourth-quarter-and-fiscal-year-2017-financial-results-300416330.html

    Photo: http://mma.prnewswire.com/media/386250/pure_storage_logo.jpg Pure Storage

    CONTACT: Michael Pak - IR contact, Pure Storage, Tel: (650) 243-0486,
    ir@purestorage.com, Liz Allbright - media contact, Pure Storage, Tel: (415)
    671-7676, pr@purestorage.com

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




    IMAX Corporation to Present at the Deutsche Bank 25th Annual Media & Telecom Conference

    NEW YORK, March 1, 2017 /PRNewswire/ -- IMAX Corporation today announced that CEO Richard Gelfond will present at the Deutsche Bank 25(th) Annual Media & Telecom Conference on Monday, March 6, at 9:45am Eastern Time in Palm Beach, FL.

    The conference will be webcast live and can be accessed by visiting the 'Investor Relations' section of the Company's website, www.imax.com. The presentation will be archived for 30 days.

    About IMAX Corporation
    IMAX, an innovator in entertainment technology, combines proprietary software, architecture and equipment to create experiences that take you beyond the edge of your seat to a world you've never imagined. Top filmmakers and studios are utilizing IMAX theatres to connect with audiences in extraordinary ways, and, as such, IMAX's network is among the most important and successful theatrical distribution platforms for major event films around the globe.

    IMAX is headquartered in New York, Toronto and Los Angeles, with offices in London, Tokyo, Shanghai and Beijing. As of Dec. 31, 2016, there were 1,215 IMAX theatres (1,107 commercial multiplexes, 16 commercial destinations and 92 institutions) in 75 countries. On Oct. 8, 2015, shares of IMAX China, a subsidiary of IMAX Corp., began trading on the Hong Kong Stock Exchange under the stock code "HK.1970."

    IMAX(R), IMAX(R) 3D, IMAX DMR(R), Experience It In IMAX(R), An IMAX 3D Experience(R), The IMAX Experience(R), IMAX Is Believing(R) and IMAX nXos(R) are trademarks of IMAX Corporation. More information about the Company can be found at www.imax.com. You may also connect with IMAX on Facebook (www.facebook.com/imax), Twitter (www.twitter.com/imax) and YouTube (www.youtube.com/imaxmovies).

    This press release contains forward looking statements that are based on IMAX management's assumptions and existing information and involve certain risks and uncertainties which could cause actual results to differ materially from future results expressed or implied by such forward looking statements. These risks and uncertainties are discussed in IMAX's most recent Annual Report on Form 10-K and most recent Quarterly Reports on Form 10-Q.

    For additional information please contact:

    Business Media: Investors: IMAX Corporation - New York IMAX Corporation - New York Ann Sommerlath Jessica Kourakos 212-821-0155 212-821-0110 asommerlath@imax.com jkourakos@imax.com Sloane & Company - New York Entertainment Media: Whit Clay Principal Communications Group - Los Angeles 212-446-1864 Melissa Zuckerman/Paul Pflug wclay@sloanepr.com 323-658-1555 melissa@pcommgroup.com paul@pcommgroup.com --- -------------------

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/imax-corporation-to-present-at-the-deutsche-bank-25th-annual-media--telecom-conference-300416307.html

    Photo: http://mma.prnewswire.com/media/74988/imax_corporation_logo.jpg IMAX Corporation

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




    Cypress Closes Sale of Minnesota Wafer Fabrication FacilitySale Supports Cypress' Continued Execution on Gross Margin Improvement Plan, While Ensuring Uninterrupted Supply to Customers

    SAN JOSE, Calif., March 1, 2017 /PRNewswire/ -- Cypress Semiconductor Corp. today announced it has sold the subsidiary that owns its semiconductor wafer fabrication facility in Bloomington, Minnesota to SkyWater Technology Foundry for $30 million. Backed by Minnesota-based holding company Oxbow Industries, LLC, SkyWater Technology has purchased the capital stock of the subsidiary and will operate the fab as a standalone business that will manufacture wafers for Cypress and for other semiconductor manufacturers. The transaction allows Cypress to reduce its manufacturing footprint and cost structure while increasing the utilization of its Fab 25 in Austin, Texas, in line with the company's plan to improve gross margins. Seattle-based ATREG, Inc. acted as Cypress' advisor in this operational fab sale.

    "This transaction demonstrates our commitment to reshape Cypress and improve gross margin, in line with our long-term financial model," said Hassane El-Khoury, Cypress President and CEO. "The sale of Fab 4 in Minnesota allows us to reduce our manufacturing costs as we exit the fab while using the proceeds to pay down debt. We will also be able to improve the utilization and efficiency of Fab 25 in Texas, into which we have been transitioning products over the last 18 months. We believe this agreement represents another milestone in our path to achieving higher gross margins.

    "In addition to looking at a potential deal's impact on Cypress' bottom line, we set out to ensure uninterrupted supply for our customers," continued El-Khoury. "This agreement allows Cypress to maintain uninterrupted wafer supply for our products manufactured at the fab, with no disruptions for our customers, and it gives our former employees in Minnesota the opportunity to help the new business flourish and continue the fab's tradition of quality U.S.-based manufacturing."

    "Given the proven history of efficiency at Fab 4, the expertise and dedication of its workforce and its established success in delivering specialized wafers on time to a diverse customer base, the SkyWater management team sees a strong foundation for growing a standalone business," said Dr. Scott Nelson, Chief Technology Officer of SkyWater Technology Foundry. "We are committed to continuing the fab's support of Cypress and its customers with superior quality and on-time delivery."

    About Cypress
    Founded in 1982, Cypress is the leader in advanced embedded system solutions for the world's most innovative automotive, industrial, home automation and appliances, consumer electronics and medical products. Cypress' programmable systems-on-chip, general-purpose microcontrollers, analog ICs, wireless and USB-based connectivity solutions and reliable, high-performance memories help engineers design differentiated products and get them to market first. Cypress is committed to providing customers with the best support and engineering resources on the planet, enabling innovators and out-of-the-box thinkers to disrupt markets and create new product categories in record time. To learn more, go to www.cypress.com.

    Cautionary Information Regarding Forward-Looking Statements
    This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended, based on our current expectations, estimates and projections about our operations, industry, financial condition, performance, results of operations, and liquidity. Statements containing words such as "may," "believe," "anticipate," "expect," "intend," "plan," "project," "projections," "business outlook," "estimate," or similar expressions constitute forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding our: future financial performance, results, gross margins and cost structure; manufacturing operations; ability to pay down our debt; and strategic initiatives. Potential factors that could cause actual results to differ materially from those in the forward-looking statements include, among others: our inability to maintain or increase our revenues; risks associated with the divestiture of certain of our manufacturing facilities, including potential problems associated with our operations, systems, technologies, or supply chain; our inability to maintain or increase our customer base; our inability to execute on our gross margin improvement plan; as well as the risk factors disclosed in our filings with the Securities and Exchange Commission (www.sec.gov), including, without limitation, information under the captions "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors." Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. Any such forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that may cause actual performance and results to differ materially from those predicted. We undertake no obligation to update these forward-looking statements to reflect the impact of events or circumstances arising after the date hereof, unless required by law.

    Cypress and the Cypress logo are registered trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cypress-closes-sale-of-minnesota-wafer-fabrication-facility-300416287.html

    Photo: http://mma.prnewswire.com/media/214346/cypress_semiconductor_corp__logo.jpg Cypress Semiconductor Corp.

    CONTACT: Samer Bahou, Cypress PR, (408) 232-4552, samer.bahou@cypress.com

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




    VaporNation.com to sell Vapir's innovative Vapir Pen vaporizer

    SANTA CLARA, Calif., March 1, 2017 /PRNewswire/ -- Vapir Enterprises Inc., (OTCQB:VAPI) ("Vapir" or the "Company") www.vapir.com, has announced that its new Vapir Pen will be available through VaporNation.com. The Vapir Pen is the latest product in the Company's premium line of vaporizers.

    Unveiled in January, the Vapir Pen portable vaporizer features a sleek design with an ergonomic mouthpiece, two types of atomizers and three temperature settings. The Vapir Pen can be used to vaporize both concentrate and wax substances. The battery-powered, light-weight device is charged directly through a Micro-USB port at the bottom of the battery (USB-cord included).

    VaporNation.com, one of the largest sellers of herbal vaporizers and accessories in the U.S., will sell the Vapir Pen portable vaporization device through its online store and distribution channels.

    "Our company prides itself on providing customers the latest and best technology that the vaporizer industry has to offer," said VaporNation Chief Operating Officer Bobby Fernandez. "We're very excited to begin carrying the Vapir Pen. The high-quality quartz atomizer and multiple heat settings are sure to satisfy any concentrate user."

    "We've packed some innovative features into a slim, ultra-portable vaping device. Combining those features with an unbeatable price point makes the Vapir Pen the best vaporizer on the market right now," said Vapir CEO Hamid Emarlou. "With the product now officially launched and heading to distributors and retailers, we anticipate that if market conditions allow, we may have a great year. This is the device our customers have been waiting for, and we're ready to meet the pent-up demand."

    To order, visit: www.vapir.com/pen-vaporizer.

    About Vapir Enterprises

    Vapir Enterprises invents, develops, and manufactures revolutionary, state-of-the-art and user-friendly vaporization devices. Vapir has sold hundreds of thousands of units globally since its initial launch in 2006. Learn more at www.vapir.com.

    Forward Looking Statement

    With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to, product acceptance, the ability to continually obtained increased orders of its products, the ability to meet installation goals, economic, competitive, governmental impacts, whether pending patents will be granted or defendable, validity of intellectual property and patents, the ability to license patents, the ability to commercialize developmental products, as well as technological and/or other factors.

    Contact:
    Vapir Enterprises, Inc.
    info@vapir.com
    (800) 841-1022

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/vapornationcom-to-sell-vapirs-innovative-vapir-pen-vaporizer-300416091.html

    Photo: http://mma.prnewswire.com/media/470546/Vapir_Enterprises_Inc_Logo.jpg Vapir Enterprises Inc.

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




    SPYR's Pocket Starships to be Demoed at Facebook's GDC Booth

    DENVER, March 1, 2017 /PRNewswire/ -- SPYR, INC. (OTCQB: SPYR), a holding company with wholly owned subsidiaries in both the mobile game & app development and publishing industry, today announced that its flagship game, Pocket Starships, will be available to demo at the Facebook booth (Booth 802 in the South Hall) at the Game Developers Conference (GDC) in San Francisco.

    SPYR recently announced that Pocket Starships was one of the initial games playable on Facebook's new Gameroom platform. Facebook will be actively promoting Gameroom at its GDC booth this year and, as part of that promotion, Facebook asked SPYR to present a live demo of Pocket Starships at the conference. As part of the live demo, conference attendees will be able to play Pocket Starships on Gameroom at the Facebook booth.

    Mike Turner, SPYR's Vice President of Strategic Partnerships states: "We are very excited that Facebook is giving us the opportunity to show GDC attendees how Pocket Starships plays, live on the Gameroom platform. We think gamers around the world will appreciate being able to play their favorite games from on their home PC, at full screen and optimized for resolution and performance."

    The demo will take place at Facebook's booth on March 1, 2017, from noon to 2pm PT. GDC is being held at the Moscone Center in San Francisco, California through March 3, 2017.

    About SPYR

    SPYR, INC. is a holding company that through its wholly owned subsidiary SPYR APPS, LLC, is engaged in mobile application and game publishing and development. SPYR, INC. also owns and operates an "American Diner" theme restaurant located in the Philadelphia International Airport in Philadelphia, Pennsylvania called "Eat at Joe's(R)" through its other wholly-owned subsidiary, E.A.J.: PHL Airport Inc. The Company is currently exploring opportunities for additional acquisitions in these and other verticals, including mobile application and game development, in order to expand its holdings, to drive and increase revenue and to generate profits and build value for shareholders.

    Safe Harbor Statement:

    This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website located at http://www.sec.gov, as well as SPYR's website located at http://www.spyr.com, and SPYR's community channel on Twitter located at https://twitter.com/spyrinc.

    Investor Relations Contacts:

    Marlin Molinaro
    Marmel Communications, LLC
    (828) 669-0616
    mmolinarofc@aol.com

    Stanley Wunderlich
    Consulting for Strategic Growth 1 Ltd.
    Tel: 800-625-2236 ext. 7770
    Email: info@cfsg1.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/spyrs-pocket-starships-to-be-demoed-at-facebooks-gdc-booth-300416070.html

    SPYR, INC.

    Web site: http://spyr.com/




    Sterlite Tech Showcases India's First Smart City Services Success at MWC, Barcelona

    BARCELONA, Spain, March 1, 2017 /PRNewswire/ --

    Integrated Smart Services Include IP Surveillance, Smart Lighting, Public Address, Face Detection, Command Centre and City-wide Wi-Fi at Public Places 

    Sterlite Tech [BSE: 532374, NSE: STRTECH], a global technology leader in smarter digital infrastructure announces deployment of first Smart City Services in India for the Government of Gujarat. Sterlite Tech led the end-to-end design, development and management of Gandhinagar city to be the first Wi-Fi Capital City of India with citizen-centric Smart City Services.

    (Logo: http://mma.prnewswire.com/media/472202/Sterlite_with_Elitecore_Logo.jpg )

    The successful deployment enables Gandhinagar with city-wide Wi-Fi connectivity and installation of integrated Smart City subsystems including IP-based CCTV Surveillance, Smart Lighting, Face Detection, Public Address System, Central Command Centre with Help Desk. A 24x7 call centre will address citizens' complaints and queries. All Smart City Services implemented in Gandhinagar Smart City can be controlled and monitored through the Central Command Centre. This will help the government to offer citizen-centric efficient connectivity and innovative services as well as bring transformative changes in the everyday lives of the citizens.

    Nikhil Jain, MD - Elitecore, said, "The Smart City Services project is a benchmark in digital infrastructure and brings smarter living experiences to the citizens of Gandhinagar. We are proud to be associated with Gandhinagar Municipal Corporation in the creation of high-end Smart City infrastructure."

    Sterlite Tech's strong expertise as a System Integrator with leading government projects has enabled best practices in implementing standard procedures to meet smart city objectives. Gandhinagar Smart City Services, through urban infrastructure, is successfully addressing needs of the citizens and empowering them with easy access to real-time information.

    About Sterlite Tech - Elitecore:

    Sterlite Technologies' Telecom Software division - Elitecore is a global IT product and service provider, offering pre-integrated BSS, packet-core and carrier Wi-Fi solutions. Elitecore has over 175 network deployments worldwide for 59 Service providers in more than 40 countries. Elitecore's satisfied customer base includes 13 of the world's top 30 operators. For details, visit http://www.elitecore.com

    About Sterlite Technologies: 

    Sterlite Technologies Ltd [BSE: 532374, NSE: STRTECH], is a global technology leader in smarter digital infrastructure. With a pure-play telecom focused business that develops and delivers optical communication products, network and system integration services and OSS/BSS software solutions. It has sales network across six continents and over 130 patents.

    Contact details:  L. K. Pathak  Phone: +91-9925-012-059  Email: l.k.pathak@sterlite.com 

     

    Photo: http://mma.prnewswire.com/media/472202/Sterlite_with_Elitecore_Logo.jpg

    Photo: http://mma.prnewswire.com/media/472202/Sterlite_with_Elitecore_Logo.jpg Sterlite Tech



    Sterlite Tech Showcases India's First Smart City Services Success at MWC, Barcelona

    BARCELONA, Spain, March 1, 2017 /PRNewswire/ --

    Integrated Smart Services Include IP Surveillance, Smart Lighting, Public Address, Face Detection, Command Centre and City-wide Wi-Fi at Public Places

    Sterlite Tech [BSE: 532374, NSE: STRTECH], a global technology leader in smarter digital infrastructure announces deployment of first Smart City Services in India for the Government of Gujarat. Sterlite Tech led the end-to-end design, development and management of Gandhinagar city to be the first Wi-Fi Capital City of India with citizen-centric Smart City Services.

    (Logo: http://mma.prnewswire.com/media/472202/Sterlite_with_Elitecore_Logo.jpg )

    The successful deployment enables Gandhinagar with city-wide Wi-Fi connectivity and installation of integrated Smart City subsystems including IP-based CCTV Surveillance, Smart Lighting, Face Detection, Public Address System, Central Command Centre with Help Desk. A 24x7 call centre will address citizens' complaints and queries. All Smart City Services implemented in Gandhinagar Smart City can be controlled and monitored through the Central Command Centre. This will help the government to offer citizen-centric efficient connectivity and innovative services as well as bring transformative changes in the everyday lives of the citizens.

    Nikhil Jain, MD - Elitecore, said, "The Smart City Services project is a benchmark in digital infrastructure and brings smarter living experiences to the citizens of Gandhinagar. We are proud to be associated with Gandhinagar Municipal Corporation in the creation of high-end Smart City infrastructure."

    Sterlite Tech's strong expertise as a System Integrator with leading government projects has enabled best practices in implementing standard procedures to meet smart city objectives. Gandhinagar Smart City Services, through urban infrastructure, is successfully addressing needs of the citizens and empowering them with easy access to real-time information.

    About Sterlite Tech - Elitecore:

    Sterlite Technologies' Telecom Software division - Elitecore is a global IT product and service provider, offering pre-integrated BSS, packet-core and carrier Wi-Fi solutions. Elitecore has over 175 network deployments worldwide for 59 Service providers in more than 40 countries. Elitecore's satisfied customer base includes 13 of the world's top 30 operators. For details, visit http://www.elitecore.com

    About Sterlite Technologies:

    Sterlite Technologies Ltd [BSE: 532374, NSE: STRTECH], is a global technology leader in smarter digital infrastructure. With a pure-play telecom focused business that develops and delivers optical communication products, network and system integration services and OSS/BSS software solutions. It has sales network across six continents and over 130 patents.

    Contact details: L. K. Pathak Phone: +91-9925-012-059 Email: l.k.pathak@sterlite.com

    Photo: http://mma.prnewswire.com/media/472202/Sterlite_with_Elitecore_Logo.jpg

    Photo: http://mma.prnewswire.com/media/472202/Sterlite_with_Elitecore_Logo.jpg Sterlite Tech



    SRAX to Present at the 29th Annual ROTH Conference

    LOS ANGELES, March 1, 2017 /PRNewswire/ -- SRAX, an Internet advertising and platform technology company that provides tools to automate the digital advertising market, plans to present at the 29(th) Annual ROTH Conference on Monday, March 13, 2017 at 5:30 p.m. PT in Dana Point, CA.

    SRAX CEO Chris Miglino and CFO J.P. Hannan will host one-on-one meetings with investors throughout the day. To schedule a one-on-one meeting, please contact your ROTH representative, or, interested parties may contact Kirsten Chapman or Becky Herrick at SRAX@lhai.com or 415.433.3777.

    About SRAX

    SRAX is an Internet advertising company that provides tools to automate the digital advertising market. The company's is a real-time bidding (RTB) management platform for brands and publishers, also named SRAX, enables brands to launch, distribute, track and optimize social and digital media and consumer engagement campaigns. SRAXmd is a health care-focused programmatic RTB exchange that allows pharma brands and publishers of medical content to create custom exchanges that invite specific advertisers to bid on inventory on their sites. The SRAX Social tool is a social media platform and complete management tool that allows brands to launch, distribute, track and optimize social and digital media and consumer engagement campaigns. SRAX APP is a recently launched platform that allows publishers and content owners to launch native mobile applications through our SRAX platform. For more information, please visit www.srax.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/srax-to-present-at-the-29th-annual-roth-conference-300415606.html

    Photo: http://mma.prnewswire.com/media/473298/Srax_logo_highres_Logo.jpg SRAX

    CONTACT: Kirsten Chapman or Becky Herrick, LHA (IR Agency), +1 415 433
    3777, kchapman@lhai.com / bherrick@lhai.com

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




    S&P Global Announces Strategic Relationship and Investment in KenshoS&P Global's Market Intelligence division partners with cutting-edge machine learning FinTech company

    NEW YORK, March 1, 2017 /PRNewswire/ -- S&P Global , a leading provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets, announces that it has entered into a strategic relationship with Kensho Technologies, Inc. (Kensho), a provider of next-generation analytics, machine learning, and data visualization systems to Wall Street's premier global banks and investment institutions. SPGI was also an investor in Kensho's recently closed round of Series B financing.

    The two parties have agreed to a long-term commercial relationship which will result in product and data collaboration between Kensho and S&P Global's Market Intelligence division, a leader in multi-asset class research data and insights.

    Founded out of Harvard University in 2013, named as one of the '5 Hottest Companies in FinTech' by Fortune in 2016, Kensho's machine learning systems crawl vast amounts of data that move markets to analyze correlations between world events and their impact on financial assets. Kensho also develops user-friendly analytics platforms and tools, next-generation data visualization environments, and big data-based leading indicators of macroeconomic trends. One of Kensho's core strategic assets is the Kensho Global Event Database & Knowledge Graph--a private sector program to construct a comprehensive, living graph model of world events. Kensho's systems are used across Wall Street's premier global banks and investment institutions.

    Through this strategic relationship, S&P Global Market Intelligence data will feed Kensho analytics platforms and serve as a basis for existing and new Kensho analytical tools. Both parties will collaborate on future product development to bring new and innovative capabilities to market. Additionally, S&P Global will have a board observer seat at Kensho.

    "Kensho's analytical capabilities and investment platforms and insights are increasingly recognized as innovative, intuitive and cutting edge. As we continue to evolve and develop our services for the investment community, this close relationship with Kensho will bolster our capabilities in data visualization and machine learning, delivering value, efficiency and automation to our clients," remarked Mike Chinn, S&P Global Market Intelligence President.

    Daniel Nadler, founder and CEO of Kensho, added, "The relationship with S&P Global is an excellent strategic fit, and it will deliver new innovations and joint developments to the market. The coming era will be looked back upon as the 'AI era,' when AI became the defining competitive advantage for corporations, government agencies, and investment professionals alike. Increasing computational speed, larger-scale machine-based pattern recognition, and cognitive augmentation have been key drivers in the evolution of investment analysis, and the combination of S&P Global Market Intelligence's high quality data and commercial reach with Kensho's advanced machine learning capabilities will serve to position both companies for future growth and success."

    To learn more about S&P Global Market Intelligence, visit marketintelligence.spglobal.com.

    To learn more about Kensho, visit: www.kensho.com

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

    About Kensho
    Kensho is an award-winning machine intelligence company founded out of Harvard University in 2013. Kensho's early team members came from veteran roles at Google, as well as from academia. Kensho applies AI for real-world impact across government and commercial institutions around the world.
    For more information, visit www.kensho.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sp-global-announces-strategic-relationship-and-investment-in-kensho-300415988.html

    S&P Global (SPGI)

    CONTACT: SPGI Media Contact, Christina Twomey, S&P Global Market
    Intelligence, +1 212 438 0967, christina.twomey@spglobal.com, or Kensho
    Media Contact, Bhavesh Dayalji, bhavesh@kensho.com, +1 919 923 7090




    Verizon Wins Top Honors from Frost & Sullivan for Capturing More than a Quarter of the North American VoIP and SIP Trunking Services MarketVerizon's large installed base of legacy TDM trunking services makes it the preferred service provider of businesses looking to adopt IP solutions

    SANTA CLARA, Calif., March 1, 2017 /PRNewswire/ -- Based on its recent analysis of the voice over Internet protocol (VoIP) access and session initiation protocol (SIP) trunking services market, Frost & Sullivan recognizes Verizon Enterprise Solutions with the 2016 North American Frost & Sullivan Award for Market Leadership. The company garnered 25.1 percent of total market share.

    Click here for the full multimedia experience of this release - http://bit.ly/2mwDO10

    The breadth of Verizon's services position the global communications provider to support large numbers of deployments across various service segments. Its proactive approach to transitioning customers to IP-based services has helped Verizon gain the market leader position.

    Each year, Frost & Sullivan presents this award to the company that develops a comprehensive product line that caters to the breadth of the market it serves. The award recognizes the extent to which the product line meets customer base demands, the overall impact it has in terms of customer value, as well as the success of increased market share.

    Enterprise customers look to Verizon to migrate to next-generation VoIP trunking or hosted services and are likely to consolidate their disparate voice and data networks. In addition, an increasing number of businesses are choosing hybrid architectures featuring a mix of on-premises and cloud-based unified communications (UC) solutions and services.

    "Verizon is one of the few service providers in the North American market with a full line of wireless, wireline, and IP-based services and networks for businesses, large and small," said Frost & Sullivan Industry Analyst Michael Brandenburg. "While a number of its competitors are unable or unwilling to link their wired and wireless networks, Verizon strives to create synergies across all of its networks, treating them as a unified set of resources to meet specific business needs."

    Verizon's network efficiency is evident in its move to enable VoIP with 4G LTE access. With this offering, Verizon helps customers deploy SIP trunks, usually delivered over dedicated multi-protocol label switching (MPLS) connections, across its wireless LTE network, backed by quality of service (QoS) support. Verizon also supports Wireless Connected VoIP with its SIP Trunking solution, further reducing call charges to Verizon mobile numbers.

    In addition, Verizon offers flexible deployment options. It allows VoIP and SIP trunking solutions to match customer requirements instead of forcing customers to cope with services that can be a poor fit for their specific needs.

    "Verizon has purpose-built their solutions to meet customer needs, not the other way around," added Brandenburg. "For example Verizon's burstable enterprise shared trunking (BEST) service enables customers to treat their telecommunications resources as a collective pool, sharing idle resources among all of their locations, as well as consolidating voice services under a single bill. It followed this up with BEST+, which allows customers to boost their total voice capacity to meet unexpected surges in overall voice traffic."

    "As a result of these efforts, its VoIP access and SIP trunking services boast cutting-edge features, while its competitors still only present a subset of its SIP capabilities," Brandenburg notes. "The overall value generated by its advanced services and innovations has kept Verizon at the top of the leader board in the North American VoIP and SIP trunking services market, making it richly deserving of Frost & Sullivan's honor."

    In addition to VoIP access and SIP trunking, Verizon offers a broad range of voice and data services, including hosted IP telephony, cloud-based software-as-a-service (SaaS) solutions, and an array of wide area network (WAN) connectivity services. Customers that initially opt in for data access services often tend to add SIP trunking or hosted IP services.

    Frost & Sullivan's Best Practices Awards recognize companies in a variety of regional and global markets for outstanding achievement in areas such as leadership, technological innovation, customer service, and product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research.

    About Verizon

    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. Start the discussion

    About Frost & Sullivan

    Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community.

    Contact: Frost & Sullivan

    Chiara Carella
    P: +44 (0) 207.343.8314
    F: 210.348.1003
    E: chiara.carella@frost.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/verizon-wins-top-honors-from-frost--sullivan-for-capturing-more-than-a-quarter-of-the-north-american-voip-and-sip-trunking-services-market-300414744.html

    Frost & Sullivan

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




    Philips introduces new digital solutions and services to advance pathology at the 2017 USCAP Annual Meeting

    SAN ANTONIO, March 1, 2017 /PRNewswire/ -- Royal Philips today announced upcoming additions to its portfolio of pathology solutions as part of its presence at the 2017 United States and Canadian Academy of Pathology (USCAP) Annual Meeting. At the Philips booth (#202), USCAP attendees will experience a broadened portfolio of computational pathology and digital pathology solutions and services that extend collaboration and efficiencies with the aim of supporting improved patient care.

    Pathology plays a critical role in the detection and diagnosis of a wide variety of diseases, including cancer. Increasing cancer incidence, an aging population and efforts to improve patient outcomes have put cancer diagnostics and pathology services under considerable pressure. Digitization of the tissue slide that the pathologist normally views using a microscope could help increase operational efficiencies, while advanced image recognition and genomics information technology could further support the pathologist in automation and potentially help increase accuracy in pathology.

    As part of this year's USCAP, Philips will unveil these new technologies that showcase our expansion plans for open pathology solutions, and participate in industry discussions on the transition to digital.

    Global collaboration and expertise sharing
    Philips IntelliSite Collaboration Suite is a new software as a service being developed on Philips HealthSuite digital platform that will connect pathologists worldwide. This case sharing platform aims to allow pathologists to have easy access to expertise and consultation services to speed turnaround times and enable cost savings for consultation. Users will be able to share cases with specific specialists or set up new connections. With Collaboration Suite, there is the opportunity to open new business models for both pathologists and pathology laboratories alike, and can extend their consultation services globally. The Collaboration Suite global roll-out is expected in the second half of 2017.

    Computational pathology and smart image analytics
    As an early innovator in computational pathology, Philips wants to empower pathologists to support improved patient care. The suite of computational pathology solutions include quantitative support to the pathologist, as well as guidance in tissue extraction for molecular diagnostics.

    Philips Digital Pathology Solutions portfolio is being expanded to support computational pathology offerings from Philips as well as partners. We aim to offer computational pathology solutions along three strategic directions. First, clinically validated image analysis applications that aim to assist the pathologist in routine case review, which could help to standardize and facilitate first time right decisions. In partnership with Visiopharm, we will offer applications for semi-quantification of breast IHC markers(1).

    Second, Philips' research application TissueMark(2) that helps in automatic identification of tumor region and subsequent quantification for macro dissection. Third, Philips' research application Xplore(2) that enables image and study data management, and biomarker discovery with additional tools that help streamline research and biomarker discovery.

    Open platform for building digital pathology ecosystem
    Philips IntelliSite Pathology Solution(3) will add new capabilities in its open research platform allowing support of additional image file formats to its image management system, including DICOM. This could potentially offer users the ability to leverage prior investments in scanners and extend their utility as they grow their digital pathology networks. We are committed to work with partners to develop state of the art computational pathology applications via our open platform.

    Educational session
    Philips will host a seminar & luncheon "Digital pathology moving from pilot to practice" on March 6(th) 12:00 - 1:00 pm CT in the Bowie Room at the San Antonio Grand Hyatt Hotel. The event will include discussions featuring Philips Digital Pathology Solutions' Esther Abels, guest speakers Andrew H. Beck, MD, PhD from Beth Israel Deaconess Medical Center and Anil Parwani, MD, PHD, MBA, professor at The Ohio State University, and Director of Pathology Informatics and Digital Pathology Shared Resource at The James Cancer Hospital. The event is open to all USCAP attendees.

    For more information on Philips' presence at the 2017 United States and Canadian Academy of Pathology Annual Meeting, visit www.philips.com/digitalpathology and follow @Philips_Path for #USCAP17 updates throughout the event.

    (1) )Visiopharm is the legal manufacturer of the breast IHC applications (HER2, ER, PR, Ki67). The applications are CE-IVD for Europe and Research Use Only for United States and Rest of the world.(2)) TissueMark and Xplore is a research application. PathXL is legal manufacturer. (3)) Philips IntelliSite Pathology Solution is CE-IVD marked. In the United States, the Philips IntelliSite Pathology Solution pending review of a request for de novo classification.

    For further information, please contact:
    Hans Driessen
    Philips Digital Pathology Solutions
    Tel: +31 6 10610417
    E-mail: hans.driessen@philips.com

    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 2016 sales of EUR 17.4 billion and employs approximately 71,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/philips-introduces-new-digital-solutions-and-services-to-advance-pathology-at-the-2017-uscap-annual-meeting-300415632.html

    Photo: http://mma.prnewswire.com/media/473316/Royal_Philips_TissueMark.jpg
    http://mma.prnewswire.com/media/324348/royal_philips_logo.jpg Royal Philips

    Web site: http://www.usa.philips.com/




    Tableau 10.2 Brings New Advanced Analytics CapabilitiesNew release brings advanced mapping capabilities and nearly 50 enhancements make data analytics easier and more scalable for the enterprise

    SEATTLE, March 1, 2017 /PRNewswire/ -- Tableau Software today announced the general availability of Tableau 10.2. The new release brings advanced mapping capabilities that make complex geospatial analysis easy, simplifies data prep with new ways to combine and clean data, and gives enterprises more tools to deliver self-service analytics at scale.

    "The need to see and understand data has never been greater," said Andrew Beers, Chief Development Officer at Tableau Software. "Enhancements in Tableau 10.2 make advanced analytics easier, faster and more scalable. We've added new ways to leverage spatial data, prep data and manage Tableau deployments in the enterprise. Visualizations are easier for people with disabilities to perceive and explore, making data accessible to everyone to increase business value and insights."

    Advanced Mapping Capabilities

    Many organizations want to leverage data locked in geospatial files that is typically visualized through specialized mapping programs. Building on Tableau's strong mapping capabilities, the new Spatial File Connector allows customers to leverage their spatial data directly in Tableau for easy geospatial analysis. Tableau now connects to ESRI Shapefiles, KML, GeoJSON and MapInfo file types.

    "The Spatial File Connector will open up a new analytics window for us," said Freddy Colina, Manager of Planning and Analytics at Lasik MD, the leading provider of laser vision correction in Canada. "In the past, it was difficult to map using a Custom Shapefile. Now we will be able to connect directly to a customer clustering study we commissioned and some census data from Stats Canada with a few clicks and begin analyzing immediately."

    Simplified Data Prep for Everyone

    Combining and cleaning data for analysis can be a complex and time-consuming task. Tableau 10.2 accelerates the process through powerful yet approachable features, so people across the enterprise can get to their analysis faster. Tableau 10.2 now lets people union tables from a database, leveraging database structure and schemas more efficiently. Handling complex dates has never been easier. Tableau 10.2 can automatically recognize dates (there are more than 250 ways to represent a date) and make dates uniform with just one click, no scripting or complex calculations required. Transforming data from a string to a date type is easy with Automatic DateParse - just change the data type and Tableau will do all the heavy lifting.

    Conformance with Accessibility Guidelines

    Tableau visualizations can now be made conformant to the current Web Content Accessibility Guidelines drafted by the Web Accessibility Initiative, commonly referenced as WCAG 2.0 AA. People who work in an environment subject to US Section 508 of the Rehabilitation Act of 1973 can author and publish Tableau content with features that make it easier for people with disabilities to perceive and explore. Common visualization elements now have keyboard support and function with assistive technologies such as screen reading software. These new capabilities ensure that a customer's visualizations reach the largest possible audience.

    Increased Flexibility for the IT Governed Enterprise

    Enterprises are making it easier for employees to ask deeper questions of their data using a secure, governed platform. Tableau 10.2 provides fine-grained controls over guest access.

    Tableau 10.2 also improves the connectivity with SAP BW with Single Sign-on support. Tableau can now support the security rules defined in SAP BW and ensure that users can only see the data that they are authorized to see.

    60 Instant Data Connectors

    Tableau is continuously making it easier to access data with new direct connectors to the most important web applications being used to run businesses today. In late 2016, Tableau added connectors to Anaplan for business planning data and Eloqua for marketing automation and campaign data. In Tableau 10.2 new connectors include Apache Drill and Microsoft SharePoint lists.

    The launch of Tableau 10.2 follows the November launch of Tableau 10.1. That release brought support for JSON, a direct connector to Marketo, web authoring improvements, more mapping capabilities and new APIs.

    Check out the full features list for Tableau 10.2 at www.tableau.com/new-features/10.2

    About Tableau

    Tableau helps people see and understand data. Tableau helps anyone quickly analyze, visualize and share information. More than 54,000 customer accounts get rapid results with Tableau in the office and on-the-go. Over 300,000 people use Tableau Public to share public data in their blogs and websites. See how Tableau can help you by downloading the free trial at www.tableau.com/trial.

    Tableau and Tableau Software are trademarks of Tableau Software, Inc. All other company and product names may be trademarks of the respective companies with which they are associated.

    Forward-Looking Statements
    This press release contains forward-looking statements that involve risks, uncertainties, and assumptions. If any such uncertainties materialize or if any of the assumptions prove incorrect, the results of Tableau could differ materially from the results expressed or implied by the forward-looking statements we make. All statements other than statements of historical fact could be deemed forward-looking, including any projections of product or service availability, product capabilities and compliance, enhancements and security, or any statements of belief concerning new, planned, or upgraded product features and developments. The risks and uncertainties referred to above include - but are not limited to - risks associated with developing and delivering new product functionality; the degree to which such products gain market acceptance; breach of our security measures; and the overall competitive environment in the software industry and competitive responses to our product developments and releases. These and other important risk factors are included in documents filed with the U. S. Securities and Exchange Commission, including Tableau's most recently filed Form 10-Q, and Annual Report on Form 10-K, and other reports and filings with the SEC and could cause actual results to vary from expectations. Tableau does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

    Any unreleased services or features referenced in this or other press releases, presentations or public statements are not currently available and may not be delivered on time or at all. Customers who purchase our products and services should make the purchase decisions based upon features that are currently available.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/tableau-102-brings-new-advanced-analytics-capabilities-300415400.html

    Photo: http://mma.prnewswire.com/media/411941/TABLEAU_SOFTWARE_LOGOjpg_Logo.jpg Tableau Software

    CONTACT: Doreen Jarman, 206-633-3400 x5648, djarman@tableausoftware.com

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




    Catasys Reports Revenue Increase of 200% to $3.8 million for the Fourth Quarter of 2016

    - Generated Positive EBITDA in Fourth Quarter 2016

    - Full Year 2016 Revenue Increased 162% to $7.1 million

    - $1.5 million in Deferred Revenue as of Dec. 31, 2016

    LOS ANGELES, March 1, 2017 /PRNewswire/ -- Catasys, Inc. (CATS), a provider of proprietary predictive analytics and integrated treatment solutions to health plans, today reported its financial results for the three-month period and full year ended December 31, 2016.

    "Revenue increased by 200% to $3.8 million for the fourth quarter of 2016; which allowed us to generate our first EBITDA positive quarter. This growth is attributable to the ongoing enrollment of patients into OnTrak over the course of the year, with enrollment increasing by more than 57% in 2016 compared with the same period in 2015. Customer-specific limitations and restrictions and changes to their underlying populations have previously impacted our growth, but we anticipate those being resolved going forward. We have established a strong foundation for our Company to grow, as we focus on the rapid scaling of our operations in 2017 and beyond," said Rick Anderson, President and COO of Catasys.

    "We have carried significant momentum into 2017, as we have already announced the signing of new contracts with two of the nation's leading health insurance companies. We anticipate that new health plan customer launches early in the second quarter will result in continued strong enrollment growth. In addition, we have a number of near-term new customer opportunities that we believe will increase our equivalent lives(1) to 20 million by the end of 2017 from the 7.5 million at the end of 2016," concluded Mr. Anderson.

    Recent Business Highlights

    --  Contracted with the largest U.S. health insurance company to implement
    OnTrak-U solution for anxiety, depression and substance use disorders
    for a launch in 8 states
    --  Announced new contract to expand the OnTrak-A solution into
    Massachusetts and Texas
    --  Announced the expansion of an existing program to the individual and
    health care exchange population for depression, anxiety and substance
    use disorder members.
    

    Fourth Quarter 2016 Financial Highlights

    Revenue was $3.8 million for the fourth quarter of 2016, a sequential increase of 184% compared to $1.3 million for the third quarter of 2016, and an increase of 200% compared to $1.3 million during the same period in 2015. This growth is attributable to expanded enrollment for OnTrak, which increased 52% compared to the three months ended December 31, 2015, and the recognition of previously deferred revenue due to meeting contractual savings guarantees.

    Deferred revenue was $1.5 million at December 31, 2016, compared with $3.2 million at September 30, 2016. When fees are received in advance, deferred revenue is recognized over the period the member is enrolled. Any fees subject to performance guarantees are deferred until such time as those performance standards are met; generally calculated annually. Catasys has historically been able to record its deferred revenue as actual revenue during the course of the business cycle, except for limited cases where members terminated from the program early.

    Net loss was $(1.5) million, or $(0.03) per basic and diluted share, for the fourth quarter of 2016, compared to a net income of $1.1 million, or $0.02 per basic and diluted share, for the fourth quarter of 2015.

    EBITDA was $355,277 for the fourth quarter of 2016, compared to $(1.3) million for the fourth quarter of 2015.

    General and administrative expenses were $2.3 million for the fourth quarter of 2016, an increase of 21% compared to $1.9 million for the fourth quarter of 2015.

    Total operating expenses were $3.6 million for the fourth quarter of 2016, compared to $2.7 million for the fourth quarter of 2015 as the company expands the number of enrolled members and ramps up staff in preparation for near term anticipated new contract launches.

    Full Year 2016 Financial Highlights

    Revenue was $7.1 million for the year ended December 31, 2016, an increase of 162% compared to $2.7 million in 2015. This growth is attributable to expanded enrollment for OnTrak, which increased by 57% compared to the year ended December 31, 2015.

    Deferred revenue was $1.5 million at December 31, 2016, a decrease of $158,000, compared to $1.7 million at December 31, 2015. When fees are received in advance, deferred revenue is recognized over the period the member is enrolled. Any fees subject to performance guarantees are deferred until such time as those performance standards are met; generally calculated annually. Catasys has historically been able to record its deferred revenue as actual revenue during the course of the business cycle, except for limited cases where members terminated from the program early.

    Loss from operations was $(6.6) million for the year ended December 31, 2016, compared to $(8.9) million for the year ended December 31, 2015.

    EBITDA was a $(5.7) million for the year ended December 31, 2016, compared to $(7.4) million for the year ended December 31, 2015.

    Net loss was $(17.9) million, or $(0.33) per basic and diluted share, for the year ended December 31, 2016, compared to a net loss of $(7.2) million, or $(0.18) per basic and diluted share, for the year ended December 31, 2015. The increased net loss was primarily due to the decrease in the change in fair value of warrants, the increase in the change in fair value of derivative liability, an increase in interest expense, the increase in the loss on debt extinguishment, offset by the decrease in the loss from operations, and a decrease in the loss on the exchange of warrants.

    General and administrative expenses were $8.8 million for the year ended December 31, 2016; a decrease of 2% compared to $9.0 million for the year ended December 31, 2015.

    Total operating expenses were $13.6 million for the year ended December 31, 2016, compared to $11.6 million for the year ended December 31, 2015.

    About Catasys, Inc.

    Catasys, Inc. provides big data based analytics and predictive modeling driven behavioral healthcare services to health plans and their members through its OnTrak solution. Catasys' OnTrak solution--contracted with a growing number of national and regional health plans--is designed to improve member health and, at the same time, lower costs to the insurer for underserved populations where behavioral health conditions cause or exacerbate co-existing medical conditions. The solution utilizes proprietary analytics and proprietary enrollment, engagement and behavioral modification capabilities to assist members who otherwise do not seek care through a patient-centric treatment that integrates evidence-based medical and psychosocial interventions along with care coaching in a 52-week outpatient treatment solution.

    OnTrak is currently improving member health and, at the same time, is demonstrating reduced inpatient and emergency room utilization, driving a more than 50 percent reduction in total health insurers' costs for enrolled members. OnTrak is currently available to members of several leading health plans in Florida, Georgia, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Missouri, New Jersey, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia and Wisconsin. For further information, please visit catasys.com.

    (1 )The term "Equivalent Lives" ("EL") is calculated based on the number of people eligible, or anticipated to be eligible, to be enrolled into OnTrak(TM) under Catasys' contracts with health care plans. Considering Medicare, Medicaid and Dual Eligible plans generally have a higher prevalence of eligible members than commercial health plans and contracts that cover depression and anxiety have greater eligibility than those that cover just substance dependence, EL converts all plans to an equivalent amount of lives for comparison purposes. EL will generally be higher, and in some cases, significantly higher than the actual number of adults covered under the health plan Catasys is contracted with.

    Use of Non-GAAP Financial Information

    This press release contains supplemental financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Catasys' management uses Adjusted EBITDA, a non-GAAP financial measure, in its analysis of performance. Adjusted EBITDA should not be considered a substitute for GAAP basis measures nor should it be viewed as a substitute for operating results determined in accordance with GAAP. Management believes the presentation of Adjusted EBITDA, which excludes the impact of interest expense, income taxes, depreciation, amortization, stock compensation expense, change in debt extinguishment, change in warrant liability, change in derivative liability, change in exchange of warrants and change in disposal of IP, provides useful supplemental information that is essential to a proper understanding of the financial results of Catasys. Non-GAAP financial measures are not formally defined by GAAP, and other entities may use calculation methods that differ from those used by Catasys. As a complement to GAAP financial measures, management believes that Adjusted EBITDA assists investors who follow the practice of some investment analysts who adjust GAAP financial measures to exclude items that may obscure underlying performance and distort comparability. A reconciliation of the GAAP net loss to Adjusted EBITDA is provided in the schedule below.

    Forward-Looking Statements

    Except for statements of historical fact, the matters discussed in this press release are forward-looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond our control, which may cause actual results to differ materially from stated expectations. These risk factors include, among others, changes in regulations or issuance of new regulations or interpretations, limited operating history, our inability to execute our business plan, increase our revenue and achieve profitability, lower than anticipated eligible members under our contracts, our inability to recognize revenue, lack of outcomes and statistically significant formal research studies, difficulty enrolling new members and maintaining existing members in our programs, the risk that treatment programs might not be effective, difficulty in developing, exploiting and protecting proprietary technologies, intense competition and substantial regulation in the health care industry, the risks associated with the adequacy of our existing cash resources and our ability to continue as a going concern, our ability to raise additional capital when needed and our liquidity. You are urged to consider statements that include the words "may," "will," "would," "could," "should," "believes," "estimates," "projects," "potential," "expects," "plan," "anticipates," "intends," "continues," "forecast," "designed," "goal," or the negative of those words or other comparable words to be uncertain and forward-looking. For a further list and description of the risks and uncertainties we face, please refer to our most recent Securities and Exchange Commission filings which are available on its website at http://www.sec.gov. Such forward-looking statements are current only as of the date they are made, and we assume no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    CATASYS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS Twelve Months Ended (In thousands, except per share amounts) December 31, ------------ 2016 2015 ---- ---- Revenues Healthcare services revenues $7,075 $2,705 ------ Operating expenses Cost of healthcare services 4,670 2,433 General and administrative 8,838 9,049 Depreciation and amortization 141 122 --- Total operating expenses 13,649 11,604 Loss from operations (6,574) (8,899) Interest and other income 106 64 Interest expense (5,354) (2,590) Loss on impairment of intangible assets - (88) Loss on exchange of warrants - (4,410) Loss on debt extinguishment (2,424) (195) Change in fair value of warrant liability 2,093 11,665 Change in fair value of derivative liability (5,774) (2,761) Loss from operations before provision for income taxes (17,927) (7,214) Provision for income taxes 9 9 Net loss $(17,936) $(7,223) ======== ======= Basic and diluted net loss per share: ($0.33) ($0.18) Basic weighted number of shares outstanding 55,074 40,372 ======

    CATASYS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except for number of shares) December 31, December 31, 2016 2015 ---- ---- ASSETS Current assets Cash and cash equivalents $851 $916 Receivables, net of allowance for doubtful accounts of $0 and $0, respectively 1,052 590 Prepaids and other current assets 420 575 Total current assets 2,323 2,081 Long-term assets Property and equipment, net of accumulated depreciation of $1,620 and $1,491, respectively 410 412 Deposits and other assets 371 387 Total Assets $3,104 $2,880 ====== ====== LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities Accounts payable $870 $753 Accrued compensation and benefits 2,089 1,703 Deferred revenue 1,525 1,683 Other accrued liabilities 575 682 Short term debt, related party, net of discount of $216 and $0, respectively 9,796 - Short term derivative liability 8,122 - Total current liabilities 22,977 4,821 Long-term liabilities Deferred rent and other long-term liabilities 117 198 Long term convertible debt, related party, net of discount $0 and $0, respectively - 3,662 Capital leases 31 66 Long term derivative liability - 2,348 Warrant liabilities 5,307 509 Total Liabilities 28,432 11,604 Commitments and contingencies (note 8) Stockholders' deficit Preferred stock, $0.0001 par value; 50,000,000 shares authorized; no shares issued and outstanding - - Common stock, $0.0001 par value; 500,000,000 shares authorized; 55,288,458 and 55,007,761 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively 6 6 Additional paid-in-capital 254,385 253,053 Accumulated deficit (279,719) (261,783) Total Stockholders' deficit (25,328) (8,724) Total Liabilities and Stockholders' Deficit $3,104 $2,880 ====== ======

    CATASYS, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (unaudited) Twelve Months Ended (In thousands) December 31, ------------ 2016 2015 ---- ---- Operating activities: Net loss $(17,936) $(7,223) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 141 122 Loss on disposal of intangible assets - 88 Amortization of debt discount and issuance costs included in interest expense 4,651 2,324 Loss on debt extinguishment 2,424 195 Warrants issued for services - 168 Provision for doubtful accounts 47 10 Deferred rent (70) (44) Share-based compensation expense 697 1,397 Common stock issued for consulting services 235 172 Fair value adjustment on warrant liability (2,093) (11,665) Loss on exchange of warrants - 4,410 Fair value adjustment on derivative liability 5,774 2,761 Changes in current assets and liabilities: Receivables (509) (111) Prepaids and other current assets 155 17 Deferred revenue (158) 1,329 Accounts payable and other accrued liabilities 916 882 Net cash used in operating activities of continuing operations $(5,726) $(5,168) Investing activities: Purchases of property and equipment $(106) $(107) Deposits and other assets 16 - Net cash used in investing activities $(90) $(107) Financing activities: Proceeds from the issuance of common stock and warrants $ - $2,463 Proceeds from the issuance of convertible debt, related party 300 5,910 Payments on convertible debenture - (2,681) Proceeds from the issuance of senior promissory note, related party 5,505 - Transactions costs - (185) Capital lease obligations (54) (24) Net cash provided by financing activities $5,751 $5,483 Net increase (decrease) in cash and cash equivalents $(65) $208 Cash and cash equivalents at beginning of period 916 708 --- --- Cash and cash equivalents at end of period $851 $916 Supplemental disclosure of cash paid Interest $149 $271 Income taxes $48 $41 Supplemental disclosure of non-cash activity Common stock issued for exercise of warrants $46 $ - Property and equipment acquired through capital leases and other financing $34 $54

    CATASYS, INC. AND SUBSIDIARIES GAAP TO NON-GAAP RECONCILIATION (unaudited) For the Three Months Ended For the Year Ended December 31, December 31, ------------ ------------ (in thousands) 2016 2015 2016 2015 ---- ---- ---- ---- Net Income (Loss), as reported $(1,511) $1,104 $(17,936) $(7,223) Add: Depreciation and Amortization 39 28 141 122 Gain/ (loss) on Debt Extinguishment 2,424 195 2,424 195 Interest, net 1,199 246 5,248 2,526 Stock Compensation Expense 174 174 697 1,397 Change in FV of Warrant Liability (1,419) (749) (2,093) (11,665) Change in FV of Derivative Liability (553) (2,266) 5,774 2,761 Gain/ (loss) on Exchange of Warrants - - - 4,410 Gain/ (loss on Disposal of IP - - - 88 Taxes 2 2 9 9 Adjusted EBITDA, non- GAAP $355 $(1,266) $(5,736) $(7,380) ---- ------- ------- -------

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/catasys-reports-revenue-increase-of-200-to-38-million-for-the-fourth-quarter-of-2016-300415708.html

    Catasys, Inc.

    CONTACT: Amy Talebizadeh, Catasys, Inc., P: 310-444-4300

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




    The Priceline Group to Present at the Bank of America Merrill Lynch 2017 Consumer & Retail Technology Conference

    NORWALK, Conn., March 1, 2017 /PRNewswire/ -- The Priceline Group , the world's leader in online travel and related services, today announced that Chief Executive Officer Glenn D. Fogel and Executive Chairman of the Board, Jeffery H. Boyd will speak together at the Bank of America Merrill Lynch 2017 Consumer and Retail Technology Conference in New York City on Wednesday, March 15, 2017 at 12:00 p.m. EDT. A live audiocast of the presentation will be available to the public at http://ir.pricelinegroup.com/events.cfm. A replay will be available for 14 days.

    About The Priceline Group

    The Priceline Group is the world leader in online travel and related services, provided to customers and partners in over 225 countries through six primary brands - Booking.com, priceline.com, KAYAK, agoda.com, rentalcars.com, and OpenTable. The Priceline Group's mission is to help people experience the world. For more information, visit PricelineGroup.com.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-priceline-group-to-present-at-the-bank-of-america-merrill-lynch-2017-consumer--retail-technology-conference-300415950.html

    The Priceline Group

    CONTACT: Leslie Cafferty, leslie.cafferty@pricelinegroup.com




    Microsoft and its employees donated over $650 million in cash, cloud services and software in 2016


    New Microsoft Philanthropies organization helped put 71,000 nonprofits in the cloud and supercharge the company's giving.

    REDMOND, Washington, March 1, 2017 /PRNewswire/ -- A year after the formation of Microsoft Philanthropies, Microsoft Corp. and its employees have donated more than $650 million in cash, cloud services and software to nonprofits around the world. In a letter [http://aka.ms/impactletter] published today, Mary Snapp, corporate vice president at Microsoft Philanthropies, detailed the organization's 2016 contributions. Highlights include $465 million in cloud services donated to more than 71,000 organizations to benefit the public good. In addition, Microsoft employees raised $142 million for 19,000 nonprofits, helping reach an important milestone: The company's giving program has now raised $1.5 billion since 1983.

    http://mma.prnewswire.com/media/24227/microsoft_corp_logo226_9217jpg.jpg [http://mma.prnewswire.com/media/24227/microsoft_corp_logo226_9217jpg.jpg]

    Snapp also reports significant progress is areas such as aiding organizations that respond to human and manmade disasters and providing computer science education to those who otherwise would not have access.

    "Technology has the power to uplift, to connect, and perhaps most important, to save lives," Snapp said. "Together with our grantees, partners and employees around the world, Microsoft Philanthropies is using the power of technology to help those impacted by some of the world's biggest challenges, including economic disruption, inequality, disasters, war, and famine."

    Helping organizations use the cloud to have an even greater impact

    In January 2016, Microsoft CEO Satya Nadella announced the company would donate $1 billion in cloud services to nonprofit organizations and researchers working on the world's most urgent needs, from health care to education to the environment. While the commitment was originally envisioned as a three-year initiative, Microsoft Philanthropies is nearly at the halfway point of the goal, with $465 million donated in a year to 71,000 organizations.

    For example, CONIN, a nonprofit in Argentina, now uses Microsoft cloud technology to identify and analyze causes of childhood malnutrition. CONIN is now able, along with local governments, to better direct resources to families in urgent need and even pinpoint interventions that can be taken before a crisis occurs.

    "CONIN works to prevent childhood malnutrition, and we attend to more than 400 children a week in Salta province alone," said Teresa Cornejo, president of a CONIN network in the city of Salta, Argentina. "We used to work with paper records, which makes it very difficult to have a clear picture. Technology makes us much faster and enables us to have every child in the system."

    In Botswana, VistaAfrica (Vista) uses cloud technology to help health clinic staff reliably store and access medical charts and leverage patients' sporadic visits to screen for conditions such as cervical cancer. Vista's software platform is optimized to perform critical functions with very little internet connectivity. It can store data locally until devices sync with the cloud, greatly increasing the utility of its applications in remote areas of Botswana and elsewhere.

    Additional 2016 results reported by Microsoft Philanthropies include these:

    --  Through the TEALS [https://www.tealsk12.org/] program, helped engage 750
    volunteers from more than 400 different companies to bring computer
    science education to students in 225 U.S. high schools
    --  In partnership with Code.org, set a new record for the annual Hour of
    Code campaign, with 15 million trials, in 119 countries, of Minecraft
    coding tutorials
    --  Aided refugees and displaced people in Jordan, Lebanon, Turkey and
    Greece through more than $30 million in technology and funding to
    organizations such as Mercy Corps, CARE and NetHope
    --  Delivered connectivity to remote schools, health clinics and community
    centers in 11 countries through the use of TV white spaces
    

    Entering its second year, Microsoft Philanthropies will grow its work with nonprofits to prepare people for jobs that require skills from basic digital literacy to advanced computer science, as well as increase support for humanitarian responders.

    More examples of how Microsoft is helping realize the promise and potential of technology for everyone can be found at Microsoft Philanthropies [http://aka.ms/impactletter].

    Microsoft (Nasdaq "MSFT" @microsoft) is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more.

    Logo - http://mma.prnewswire.com/media/24227/microsoft_corp_logo226_9217jpg.jpg [http://mma.prnewswire.com/media/24227/microsoft_corp_logo226_9217jpg.jpg]

    Photo: http://mma.prnewswire.com/media/24227/microsoft_corp_logo226_9217jpg.jpg
    http://mma.prnewswire.com/media/24227/microsoft_corp_logo226_9217jpg.jpg Microsoft Corp.

    CONTACT: Microsoft Media Relations, WE Communications, (425) 638-7777,
    rrt@we-worldwide.com

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




    Destiny Media Appoints New Directors at AGM

    VANCOUVER, March 1, 2017 /PRNewswire/ - Destiny Media Technologies Inc. (the "Company") (OTCQX: DSNY) announces that at its annual general meeting (the "Meeting") the shareholders re-elected Steve Vestergaard and elected nominees Hyonmyong Cho and S. Jay Graber to the board of directors of the Company. Both Mr. Cho and Mr. Graber are expected to be named to the Company's audit committee.

    Mr. Cho is currently a managing member of Greenlaw International Management Company LLC which manages Greenlaw International LP, a fund which invests in microcap stocks. From 2002 to 2008, Mr. Cho was a Managing Director of Forum Partners which managed several real estate private equity funds in Europe and Asia. At Forum Partners, Mr. Cho managed a worldwide team tasked with private equity deal structuring, analysis and negotiation. Prior to Forum Partners, Mr. Cho was a senior associate at Nassau Capital, whose only limited partner was Princeton University, and he was responsible for the due diligence, negotiation, documentation and monitoring of private equity transactions. Prior to that, Mr. Cho was a partner in Novalis Ventures, a venture capital fund focused on early stage investments in the real estate industry. Before that, Mr. Cho was a Vice President at Cahill, Warnock & Company, a private equity firm focused on making direct investments in micro-cap public companies. Mr. Cho began his career as a financial analyst for Alex Brown & Sons, Inc. in the mergers and acquisitions, real estate and health care groups. Mr. Cho was a Morehead Scholar at the University of North Carolina, graduating with a B.A. in English Literature.

    Mr. Graber recently retired as VP of Business Development from Apex Software LLC., a privately-owned developer of building drawing and area calculation software for jurisdictional mass appraisal at the municipal, county, province and statewide level as well as for the real estate mortgage appraisal industry. Mr. Graber continues to serve on various committees for the International Association of Assessing Officers (IAAO) as he remains a business partner in Apex. Prior to 20 years in the software/technology arena, Mr. Graber worked in direct sales / sales management for various manufacturing entities including automotive and decorative lighting, plastic extrusion, art glass and architectural flooring. Mr. Graber earned a BS degree in both Business Management and in Psychology from Eastern Mennonite College (now EMU).

    The Company also reports that Haig Bagerdjian, decided not to stand for re-election at the Meeting for personal reasons. The Company thanks Mr. Bagerdjian for the services he provided as a director and wish him all the best in his future endeavors.

    Steve Vestergaard
    CEO

    About Destiny Media Technologies, Inc.
    Destiny Media Technologies provides services that enable content owners to securely display and distribute their audio and video content digitally through the internet. The Company's two major services are Clipstream(R) and Play MPE(R). Clipstream (www.clipstream.com) is an automated high availability self-serve video hosting service built around a proprietary JavaScript playback system. This approach, which is protected by two dozen pending and granted patents is much more secure and flexible than standard video approaches. Play MPE(R) (www.plaympe.com) provides a standardized method to securely and cost effectively distributes pre-release music to radio stations and other music industry professionals, before it is ready for sale. It is protected by granted security and watermark patents. More information can be found at www.dsny.com.

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects," "intends", "estimates," "projects," "anticipates," "believes," "could," and other similar words. All statements addressing product performance, events, or developments that Destiny Media Technologies, Inc. expects or anticipates will occur in the future are forward-looking statements. Because the statements are forward-looking, they should be evaluated in light of important risk factors and uncertainties. Should one or more of these risks or uncertainties materialize, or should any of Destiny Media Technologies, Inc.'s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. Except as required by law, Destiny Media Technologies, Inc. disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

    NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    Destiny Media Technologies, Inc.

    CONTACT: Steve Vestergaard, CEO Destiny Media Technologies, Inc., 604 609
    7736 x222

    Web site: www.dsny.com/

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