Companies news of 2017-03-06 (page 1)

  • Tableau works with Google Cloud Platform to Help Colorado Center for Personalized Medicine...
  • IBM and Salesforce Announce Landmark Global Strategic Partnership
  • Hugh Jones to Step Down as President of Sabre Airline Solutions
  • IBM and Salesforce Announce Landmark Global Strategic Partnership
  • IDT Corporation Reports Second Quarter Fiscal 2017 Results
  • Hanwha Q CELLS to Attend 29th Annual ROTH Conference
  • Honeywell To Present At J.P. Morgan Aviation, Transportation And Industrials Conference
  • NTN Buzztime, Inc. Expands Partnership with Buffalo Wild Wings and Reports Fourth Quarter...
  • Enhanced Micrium OS and New Platform Builder Accelerate Embedded Design-- Supports All...
  • AAR to Announce Third Quarter Fiscal Year 2017 Results on March 21, 2017
  • Honeywell Engines Continue To Power Eagle 407HP Helicopters-Honeywell will deliver 10 new...
  • Digital Realty Announces Redemption of 6.625% Series F Preferred Stock
  • U.S. Auto Parts Reports Fourth Quarter and Full Year 2016 Results
  • UniPixel To Present at 29th Annual ROTH ConferenceCompany will present at 1:00 pm ET / 10...
  • EnSync(R) Energy to Present at 29th Annual ROTH ConferenceCompany will present at 9:30...
  • Pure Storage to Hold Investor Discussion Hosted by Stifel
  • Cision and LiveRamp Partner to Leverage Identity in Earned MediaPartnership will enable...
  • Optical Cable Corporation Schedules Conference Call To Discuss First Quarter Of Fiscal...
  • Efficient Multichannel Management Could Increase Online Sales by 20% According to Report...
  • John Bean Technologies Corporation Announces Public Offering of 2,000,000 Shares of Common...
  • Honeywell Receives Certification To Keep Helicopters Connected And Mission-Ready For...
  • Freckle IoT Partners with LiveRamp to Bring In-Store 1st Party Data Segments to the...
  • CreditEase Addresses Top FinTech Trends at LendIt USA 2017 Conference in New York
  • Verizon introduces first ever Fios Prepaid Triple Play with pay-as-you-go Fios TV,...
  • Comcast Business Announces $20 Million Investment to Expand High-Performance Ethernet...
  • ISG Invites Nominations for 2017 ISG Paragon Awards(TM)
  • Hughes to Showcase Latest Innovations in Broadband Technology & Services at Satellite 2017...
  • New Images From Space Show Earth and Solar Storms Like Never BeforeFirst Data Revealed...
  • Envestnet | Yodlee Enables Comprehensive Financial Picture with Risk Insight SuiteNext...



    Tableau works with Google Cloud Platform to Help Colorado Center for Personalized Medicine Improve Patient CareAnalyzing patient records and genetic data helps to predict disease risk and develop treatments

    SEATTLE, March 6, 2017 /PRNewswire/ -- The Colorado Center for Personalized Medicine (CCPM), a partnership among the University of Colorado Denver, UCHealth, Children's Hospital Colorado, and CU Medicine, is using Tableau Software , a global leader in visual analytics, and Google Cloud Platform (GCP) to analyze patient data to predict disease risk and develop targeted treatments based on an individual's health history in support of breakthrough research projects. This research requires examining the genetic makeup and health history of thousands of patients to reveal patterns showing how people with particular genetic profiles tend to get certain diseases and whether they could benefit from specific treatments.

    To address those concerns, CCPM relies on Health Data Compass, CCPM's enterprise health data warehouse. Health Data Compass integrates patient genomic data from CCPM and electronic health records from UCHealth, Children's Hospital Colorado, and CU Medicine, including external records such as insurance claims, public health records, and environmental data. Eventually, it will encompass data from social media, wearable devices, and more.

    Health Data Compass previously used a traditional on-premises system to store and analyze data. But that approach proved costly to maintain and didn't scale for the center's current analytics needs, let alone their projected growth. Following a comprehensive six-month pilot project, Health Data Compass migrated to the GCP and Tableau, which together can handle massive data sets and powerful visual data analyses, while costing less and allowing for easy scalability as CCPM grows. Significant to CCPM's decision was the ability of GCP, including Google BigQuery, to support HIPAA compliance per CCPM's requirements.

    "We take our responsibility to protect patient data very seriously. The Google Cloud Platform provides significant advantages in data security over on-premises systems and helps us achieve HIPAA compliance," said Michael Ames, Associate Director for Health Data Compass and Director of Enterprise Architecture for CCPM.

    Drilling down into genomic data

    Health Data Compass uploads data from multiple sources to Google Cloud Storage, which is less expensive and more scalable than Health Data Compass's on-site storage. From Google Cloud Storage, data is routed to Google Genomics and Google BigQuery, where a wide range of analytics is performed.

    Google BigQuery provided an unexpected benefit for one of Health Data Compass's key services: probabilistic record linkage algorithms. Information about patients comes from multiple sources, so Health Data Compass needs to ensure that records aren't duplicated. For example, it must determine whether 'Bobby Peterson' treated as a youth at Children's Hospital Colorado is the same as 'Roberta Peterson' treated as an adult years later at UCHealth. Compass holds records for nearly 6 million patients, so this algorithm requires tremendous processing power. Health Data Compass's original on-premises infrastructure took eight hours to complete the job. With Google BigQuery, it is completed in 15 minutes at a fraction of the cost.

    Health Data Compass is developing tools to drill deeper into this data to quickly find answers. It uses Tableau's self-service visual analytics platform with optimized connectivity to Google BigQuery for live analysis directly against the data in Google BigQuery. Tableau enables role-based dashboards for clinicians and researchers who are not data scientists to get useful insights from the data in a governed and secure data environment. Health Data Compass also deployed their Tableau implementation in the cloud on Google Compute Engine.

    "Self-service data discovery and visual analytics from Tableau with Google BigQuery will enable researchers and clinicians to use Health Data Compass to quickly identify and understand patterns in genomic data to improve quality, lower costs, and accelerate delivering care, for superior patient outcomes. This is the future now," said Andy De, Senior Industry Director, Healthcare and Life Sciences at Tableau Software.

    Faster and better answers at less cost

    Health Data Compass successfully completed its comprehensive pilot project using Google Cloud Platform and expects to capture considerable benefits when it goes into full production this year. Analysts can perform queries much faster with Google BigQuery than with the previous solution. As a result, they can iterate alternative data queries with clinicians and researchers to extract complex concepts. In addition, Health Data Compass expects to dramatically cut operating costs including software, hardware, maintenance and support.

    With Google Cloud Platform, Health Data Compass scales quickly without having to add hardware. It can also more easily integrate data from new sources, because it doesn't have to contend with complex issues such as opening up ports and firewalls and setting up FTP servers. In addition to the hospitals that University of Colorado partners with, such as UCHealth and Children's Hospital Colorado, Health Data Compass also pulls in state public health department data, weather data, insurance claims data, and data from other sources.

    "Combining genomics with clinical data and the exploding diversity of other personal data to provide individualized patient care is the frontier of medicine and research. Google Cloud Platform and Tableau provide us with the big data processing and analytics power we need to give researchers tools to improve healthcare for millions of people," says Ames.

    Learn more about Tableau at Google Cloud NEXT 2017

    Tableau is working with GCP to provide integrations for Google Analytics, Google BigQuery and Google Cloud SQL, in addition to certification for Tableau Server on Google Compute Engine. Tableau will also be supporting integration with Google Cloud Spanner in the second half of 2017.

    To learn more about Tableau on GCP, visit https://www.tableau.com/tableau-google. Come by the Tableau booth #D5 at Google Cloud NEXT in San Francisco, March 8-10.

    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.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/tableau-works-with-google-cloud-platform-to-help-colorado-center-for-personalized-medicine-improve-patient-care-300418804.html

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

    CONTACT: Doreen Jarman, djarman@tableausoftware.com

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




    IBM and Salesforce Announce Landmark Global Strategic Partnership

    SAN FRANCISCO, March 6, 2017 /PRNewswire/ -- IBM and Salesforce today announced a global strategic partnership to deliver joint solutions designed to leverage artificial intelligence and enable companies to make smarter decisions, faster than ever before. With the partnership, IBM Watson, the leading AI platform for business, and Salesforce Einstein, AI that powers the world's #1 CRM, will seamlessly connect to enable an entirely new level of intelligent customer engagement across sales, service, marketing, commerce and more. IBM is also strategically investing in its Global Business Services capabilities for Salesforce with a new practice to help clients rapidly deploy the combined IBM Watson and Salesforce Einstein capabilities.

    Photo - http://mma.prnewswire.com/media/475163/IBM_Salesforce_and_IBM.jpg [http://mma.prnewswire.com/media/475163/IBM_Salesforce_and_IBM.jpg]
    Logo - http://mma.prnewswire.com/media/475179/IBM_Logo.jpg [http://mma.prnewswire.com/media/475179/IBM_Logo.jpg]

    The partnership will bring new insights from Watson directly into the Salesforce Intelligent Customer Success Platform, combining deep customer insights from Salesforce Einstein with Watson's structured and unstructured data across many sources and industries including weather, healthcare, financial services and retail. Together, Watson and Einstein will ingest, reason over and derive recommendations to accelerate decision making and drive greater customer success.

    Comments on the News:
    "Within a few years, every major decision--personal or business--will be made with the help of AI and cognitive technologies," said Ginni Rometty, chairman, president and chief executive officer, IBM. "This year we expect Watson will touch one billion people--through everything from oncology and retail to tax preparation and cars. Now, with today's announcement, the power of Watson will serve the millions of Salesforce and Einstein customers and developers to provide an unprecedented understanding of customers."

    "The combination of Einstein and Watson will make businesses smarter and our customers more successful," said Marc Benioff, chairman and CEO, Salesforce. "I'm thrilled to form an alliance with IBM--no company's core values are as close to Salesforce's as IBM's. It's the best of both worlds."

    Salesforce and IBM will initially deliver the following:

    IBM Watson and Salesforce Einstein Integration: Integrating IBM Watson APIs into Salesforce will bring predictive insights from unstructured data, inside or outside an enterprise, together with predictive insights from customer data delivered by Salesforce Einstein to enable smarter, faster decisions across sales, service, marketing, commerce and more. For example, by combining local shopping patterns, weather and retail industry data from Watson with customer-specific shopping data and preferences from Salesforce Einstein, a retailer will be able to automatically send highly personalized and localized email campaigns to shoppers.

    IBM Weather Insights for Salesforce: The Weather Company, an IBM business, will power a new Lightning component on the Salesforce AppExchange to provide weather insights that inform customer interactions and business performance. For example, an insurance company will be able to pull local forecast data from IBM Weather into Salesforce, and automatically send safety and policy information to customers who are at risk of being impacted by severe weather events.

    IBM Application Integration Suite for Salesforce: Customers will be able to able to bring together on-premise enterprise and cloud data with specialized integration products for Salesforce, surfacing that data directly within the Salesforce Intelligent Customer Success Platform. For example, a wealth advisor will be able to unify client data, such as individual investments and risk profiles, with financial trends and public macroeconomic information from Application Integration Suite right within Salesforce to make smarter decisions for her customers.

    Bluewolf Dedicated Consulting Services and Expertise for Cognitive Solutions, Adding to IBM Strategic Services for Salesforce: Bluewolf, an IBM company, has formed a new practice to help clients rapidly deploy the combined IBM Watson and Salesforce Einstein capabilities. This new unit capitalizes on Bluewolf's over fifteen years of Salesforce implementations and their current portfolio of multiple Salesforce and Watson projects. Bluewolf will also develop new industry-specific accelerators used by enterprise clients to accelerate adoption of cognitive applications.

    As part of the partnership, IBM will deploy Salesforce Service Cloud across the company to transform its global product support services and gain a single, unified view of every IBM customer.

    Pricing and Availability

    --  The IBM Watson and Salesforce Einstein integration is expected to be
    available in the second half of 2017. Pricing will be announced at the
    time of general availability.
    --  IBM Weather Lightning Component on Salesforce AppExchange is expected to
    be available in the second half of 2017. Pricing will be announced at
    the time of general availability.
    --  Bluewolf, an IBM company, expects to offer new industry-focused Solution
    Accelerators at in the second half of 2017. Pricing will be announced at
    the time of general availability.
    --  IBM Application Integration Suite for Salesforce is expected to be
    available by the end of March 2017. Pricing will be announced at the
    time of general availability.
    

    About IBM Watson: Pioneering a New Era of Computing
    Watson represents a new era in computing called cognitive computing, where systems understand the world in a way more similar to humans: through senses, learning, and experience. Watson continuously learns from previous interactions, gaining in value and knowledge over time. With the help of Watson, organizations are harnessing the power of cognitive computing to transform industries, help professionals do their jobs better, and solve important challenges.

    As part of IBM's strategy to accelerate the growth of cognitive computing, Watson is open to the world, allowing a growing community of developers, students, entrepreneurs and tech enthusiasts to easily tap into the most advanced and diverse cognitive computing platform available today. Watson solutions are being built, used and deployed in more than 45 countries and across 20 different industries.

    For more information on IBM Watson, visit: ibm.com/watson [https://www.ibm.com/watson/]. Join the conversation at #ibmwatson.

    About Salesforce
    Salesforce, the world's #1 CRM and the Intelligence Customer Success Platform, empowers companies to connect with their customers in a whole new way. For more information about Salesforce , visit: www.salesforce.com [http://www.salesforce.com/index.jsp].

    Rights of ALBERT EINSTEIN are used with permission of The Hebrew University of Jerusalem. Represented exclusively by Greenlight.

    Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." For more information please visit http://www.salesforce.com, or call 1-800-NO-SOFTWARE.

    Contact: Kate McLaughlin Katy Rosati Salesforce IBM Media Relations kmclaughlin@salesforce.com krosati@us.ibm.com 415-778-3287 917-421-7543

    http://mma.prnewswire.com/media/475179/IBM_Logo.jpg [http://mma.prnewswire.com/media/475179/IBM_Logo.jpg]

    Photo: http://mma.prnewswire.com/media/475179/IBM_Logo.jpg IBM

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




    Hugh Jones to Step Down as President of Sabre Airline Solutions

    SOUTHLAKE, Texas, March 6, 2017 /PRNewswire/ -- Sabre Corporation , the leading technology provider to the global travel industry, today announced that Hugh Jones, executive vice president and president of Sabre Airline Solutions, will be leaving the company in August 2017.

    Jones has led Airline Solutions since 2011, during which time Sabre has launched dozens of new technology capabilities to support its growing roster of global airlines, nearly doubling the size of the Airline Solutions business during that time. He joined Sabre after holding several key finance positions at American Airlines, and during his tenure at Sabre, Jones held executive positions at Travel Network and Travelocity before taking over as president of Airline Solutions.

    "Hugh has made numerous contributions to Sabre during his 29-year career in the travel business and we owe a great deal of our success at Airline Solutions to his leadership," said Sean Menke, Sabre's president and CEO. "I appreciate his working with us on a smooth transition as we conduct a search for his replacement."

    About Sabre

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

    SABR-F

    Contacts: Media Investors ----- --------- Tim Enstice Barry Sievert 682-605-6162 sabre.investorrelations@sabre.com tim.enstice@sabre.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hugh-jones-to-step-down-as-president-of-sabre-airline-solutions-300418502.html

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

    Web site: http://sabre.com/




    IBM and Salesforce Announce Landmark Global Strategic Partnership

    SAN FRANCISCO, March 6, 2017 /PRNewswire/ -- IBM and Salesforce today announced a global strategic partnership to deliver joint solutions designed to leverage artificial intelligence and enable companies to make smarter decisions, faster than ever before. With the partnership, IBM Watson, the leading AI platform for business, and Salesforce Einstein, AI that powers the world's #1 CRM, will seamlessly connect to enable an entirely new level of intelligent customer engagement across sales, service, marketing, commerce and more. IBM is also strategically investing in its Global Business Services capabilities for Salesforce with a new practice to help clients rapidly deploy the combined IBM Watson and Salesforce Einstein capabilities.

    The partnership will bring new insights from Watson directly into the Salesforce Intelligent Customer Success Platform, combining deep customer insights from Salesforce Einstein with Watson's structured and unstructured data across many sources and industries including weather, healthcare, financial services and retail. Together, Watson and Einstein will ingest, reason over and derive recommendations to accelerate decision making and drive greater customer success.

    Comments on the News:
    "Within a few years, every major decision--personal or business--will be made with the help of AI and cognitive technologies," said Ginni Rometty, chairman, president and chief executive officer, IBM. "This year we expect Watson will touch one billion people--through everything from oncology and retail to tax preparation and cars. Now, with today's announcement, the power of Watson will serve the millions of Salesforce and Einstein customers and developers to provide an unprecedented understanding of customers."

    "The combination of Einstein and Watson will make businesses smarter and our customers more successful," said Marc Benioff, chairman and CEO, Salesforce. "I'm thrilled to form an alliance with IBM--no company's core values are as close to Salesforce's as IBM's. It's the best of both worlds."

    Salesforce and IBM will initially deliver the following:

    IBM Watson and Salesforce Einstein Integration: Integrating IBM Watson APIs into Salesforce will bring predictive insights from unstructured data, inside or outside an enterprise, together with predictive insights from customer data delivered by Salesforce Einstein to enable smarter, faster decisions across sales, service, marketing, commerce and more. For example, by combining local shopping patterns, weather and retail industry data from Watson with customer-specific shopping data and preferences from Salesforce Einstein, a retailer will be able to automatically send highly personalized and localized email campaigns to shoppers.

    IBM Weather Insights for Salesforce: The Weather Company, an IBM business, will power a new Lightning component on the Salesforce AppExchange to provide weather insights that inform customer interactions and business performance. For example, an insurance company will be able to pull local forecast data from IBM Weather into Salesforce, and automatically send safety and policy information to customers who are at risk of being impacted by severe weather events.

    IBM Application Integration Suite for Salesforce: Customers will be able to able to bring together on-premise enterprise and cloud data with specialized integration products for Salesforce, surfacing that data directly within the Salesforce Intelligent Customer Success Platform. For example, a wealth advisor will be able to unify client data, such as individual investments and risk profiles, with financial trends and public macroeconomic information from Application Integration Suite right within Salesforce to make smarter decisions for her customers.

    Bluewolf Dedicated Consulting Services and Expertise for Cognitive Solutions, Adding to IBM Strategic Services for Salesforce: Bluewolf, an IBM company, has formed a new practice to help clients rapidly deploy the combined IBM Watson and Salesforce Einstein capabilities. This new unit capitalizes on Bluewolf's over fifteen years of Salesforce implementations and their current portfolio of multiple Salesforce and Watson projects. Bluewolf will also develop new industry-specific accelerators used by enterprise clients to accelerate adoption of cognitive applications.

    As part of the partnership, IBM will deploy Salesforce Service Cloud across the company to transform its global product support services and gain a single, unified view of every IBM customer.

    Pricing and Availability

    --  The IBM Watson and Salesforce Einstein integration is expected to be
    available in the second half of 2017. Pricing will be announced at the
    time of general availability.
    --  IBM Weather Lightning Component on Salesforce AppExchange is expected to
    be available in the second half of 2017. Pricing will be announced at
    the time of general availability.
    --  Bluewolf, an IBM company, expects to offer new industry-focused Solution
    Accelerators at in the second half of 2017. Pricing will be announced at
    the time of general availability.
    --  IBM Application Integration Suite for Salesforce is expected to be
    available by the end of March 2017. Pricing will be announced at the
    time of general availability.
    

    About IBM Watson: Pioneering a New Era of Computing
    Watson represents a new era in computing called cognitive computing, where systems understand the world in a way more similar to humans: through senses, learning, and experience. Watson continuously learns from previous interactions, gaining in value and knowledge over time. With the help of Watson, organizations are harnessing the power of cognitive computing to transform industries, help professionals do their jobs better, and solve important challenges.

    As part of IBM's strategy to accelerate the growth of cognitive computing, Watson is open to the world, allowing a growing community of developers, students, entrepreneurs and tech enthusiasts to easily tap into the most advanced and diverse cognitive computing platform available today. Watson solutions are being built, used and deployed in more than 45 countries and across 20 different industries.

    For more information on IBM Watson, visit: ibm.com/watson. Join the conversation at #ibmwatson.

    About Salesforce
    Salesforce, the world's #1 CRM and the Intelligence Customer Success Platform, empowers companies to connect with their customers in a whole new way. For more information about Salesforce , visit: www.salesforce.com.

    Rights of ALBERT EINSTEIN are used with permission of The Hebrew University of Jerusalem. Represented exclusively by Greenlight.

    Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." For more information please visit http://www.salesforce.com, or call 1-800-NO-SOFTWARE.

    Contact: Kate McLaughlin Katy Rosati Salesforce IBM Media Relations kmclaughlin@salesforce.com krosati@us.ibm.com 415-778-3287 917-421-7543

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ibm-and-salesforce-announce-landmark-global-strategic-partnership-300418679.html

    Photo: http://mma.prnewswire.com/media/475163/IBM_Salesforce_and_IBM.jpg
    http://mma.prnewswire.com/media/475179/IBM_Logo.jpg IBM

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




    IDT Corporation Reports Second Quarter Fiscal 2017 Results

    NEWARK, N.J., March 6, 2017 /PRNewswire/ -- IDT Corporation reported diluted earnings per share (EPS) of $0.04 and Non-GAAP diluted EPS* of $0.27 on revenue of $367.6 million for the second quarter of its fiscal year 2017, the three months ended January 31, 2017.

    HIGHLIGHTS
    (Results for 2Q17 compared to 2Q16)

    --  Revenue of $367.6 million compared to $382.5 million;
    --  Income from operations of $3.1 million compared to $6.4 million;
    --  Adjusted EBITDA* of $9.3 million compared to $11.7 million;
    --  Diluted EPS of $0.04 compared to $0.18;
    --  Non-GAAP diluted EPS* of $0.27 compared to $0.39;
    --  IDT has declared a dividend of $0.19 per share for 2Q17 to be paid on or
    about March 24, 2017.
    

    *Throughout this release, Non-GAAP EPS, Adjusted EBITDA, and Non-GAAP Net Income for all periods presented are Non-GAAP measures intended to provide useful information that supplements IDT's or the relevant segment's core results in accordance with GAAP. Please refer to the Reconciliation of Non-GAAP Financial Measures at the end of this release for an explanation of these terms and their respective reconciliation to the most directly comparable GAAP measure.

    REMARKS BY SHMUEL JONAS, CEO OF IDT CORPORATION

    "We made good progress in the second quarter building, deploying and scaling up the applications that will drive our growth going forward. We introduced the BOSS Revolution Money app including our flagship international money transfer service and released a major update of the BOSS Revolution calling app including messaging and free peer-to-peer calling. The two apps now work in tandem to provide a seamless user experience and convenient access to many of our consumer voice and payment offerings. We also continued rolling out the new Boss Revolution retailer portal across our nationwide network of stores. This upgrade makes it much easier for retailers to sell all BOSS Revolution products and services.

    "Our National Retail Solutions (NRS) and our net2phone UCaaS businesses are posting excellent results. NRS has increased the number of bodegas and retailers operating its POS terminals 10-fold over the past year, while net2phone quadrupled its customer base during the same period.

    "Financial results for the second quarter were fairly consistent with recent trends. Year over year, our cost cutting initiatives partially offset the impact to our bottom line resulting from the decrease in revenue. Sequentially, we held revenue relatively flat, while SG&A expense increased as we stepped up investment in our growth initiatives. Going forward, we will continue to keep a close eye on our overhead expense."

    2Q17 CONSOLIDATED RESULTS

    Results 2Q17 1Q17 2Q16 2Q17 - 2Q16 (in millions, except EPS) Change (%/$) ------------ ------------ Revenue $367.6 $369.2 $382.5 (3.9)% ------- ------ ------ ------ ----- Direct cost of revenue $310.9 $313.0 $319.7 (2.8)% ----------- ------ ------ ------ ----- Direct cost of revenue as a percentage of revenue 84.6% 84.8% 83.6% +100 BP ----------- ---- ---- ---- ------- SG&A expense $47.3 $45.4 $51.1 (7.3)% ------------ ----- ----- ----- ----- Depreciation and amortization $5.3 $5.3 $5.0 +6.6% ------------- ---- ---- ---- ---- Income from operations $3.1 $5.2 $6.4 $(3.3) ----------- ---- ---- ---- ----- Adjusted EBITDA* $9.3 $10.7 $11.7 $(2.4) -------- ---- ----- ----- ----- Net income attributable to IDT $0.9 $21.9 $4.1 $(3.2) ------------- ---- ----- ---- ----- Diluted earnings per share $0.04 $0.96 $0.18 $(0.14) ---------- ----- ----- ----- ------ Non-GAAP net income* $6.1 $10.1 $9.0 $(2.9) ------------ ---- ----- ---- ----- Non-GAAP diluted EPS* $0.27 $0.44 $0.39 $(0.12) -------- ----- ----- ----- ------

    Consolidated results in 2Q16 include the results of Zedge, which was spun off to IDT stockholders on June 1, 2016. Zedge contributed $3.5 million in revenue, $1.7 million in income from operations, and $1.6 million in Adjusted EBITDA in 2Q16, and had no contribution in fiscal 2017.

    Consolidated results for all periods presented include corporate overhead. In 2Q17, corporate G&A expense increased to $2.8 million from $2.1 million (+35.4%) in the year ago quarter, primarily as a result of a $0.6 million increase in non-cash compensation.

    At January 31, 2017, IDT had $130.8 million in unrestricted cash, cash equivalents and marketable securities. In addition, the company reported $89.4 million in current restricted cash and cash equivalents, nearly all of which represented customer deposits held by IDT's Gibraltar-based bank. Current assets totaled $304.9 million and current liabilities were $310.9 million.

    Net cash used in operating activities during 2Q17 was $6.3 million, compared to net cash provided by operating activities of $11.2 million in 2Q16. For the same periods, capital expenditures were $5.0 million compared to $3.7 million, respectively.

    2Q17 RESULTS BY SEGMENT
    (Results are for 2Q17 unless otherwise noted).

    Results TPS UCaaS CPS ALL OTHER (in millions) ------------ 2Q17 2Q16 2Q17 2Q16 2Q17 2Q16 2Q17 2Q16 ---- ---- ---- ---- ---- ---- ---- ---- Revenue $358.5 $370.6 $7.1 $6.1 $1.4 $1.8 $0.5 $4.0 ------- ------ ------ ---- ---- ---- ---- ---- ---- Direct cost of revenue $307.3 $315.5 $2.9 $3.2 $0.6 $0.8 - $0.3 -------------- ------ ------ ---- ---- ---- ---- --- ---- SG&A expense $40.2 $43.9 $3.8 $2.8 $0.5 $0.7 - $1.6 ------------ ----- ----- ---- ---- ---- ---- --- ---- Depreciation and amortization $4.0 $4.0 $0.9 $0.7 - - $0.4 $0.3 ---------------- ---- ---- ---- ---- --- --- ---- ---- Income (loss) from operations $6.9 $6.9 $(0.5) $(0.6) $0.2 $0.3 $0.1 $1.8 ---------------- ---- ---- ----- ----- ---- ---- ---- ---- Adjusted EBITDA* $10.9 $11.2 $0.4 $0.1 $0.2 $0.3 $0.5 $2.2 --------------- ----- ----- ---- ---- ---- ---- ---- ----

    Telecom Platform Services (TPS)

    The Telecom Platform Services segment accounted for 97.5% of IDT's revenue in 2Q17 compared to 96.9% in 2Q16. TPS markets and distributes multiple communications and payment services across three broad business categories: Retail Communications, Wholesale Carrier Services and Payment Services.

    TPS' minutes of use (MOU) in 2Q17 were 6.77 billion, a decrease from 6.84 billion (-1.1%) in 2Q16.

    TPS' revenue in 2Q17 was $358.5 million, a decrease from $370.6 million (-3.3%) in the year ago quarter.

    Within TPS, Retail Communications' revenue declined 8.2% year over year to $153.2 million. TPS' dominant offering, the popular BOSS Revolution(R) calling service, has been impacted by increased competition from wireless operators' "unlimited" offerings and the rise of over-the-top voice and messaging. The industry-wide steep pricing declines on the US to Mexico corridor in recent years also contributed to the year over year decrease in TPS' revenue, but were not a significant factor sequentially. BOSS Revolution calls from the US to Mexico generated less than 2% of TPS' revenue in 2Q17.

    Wholesale Carrier Services' revenue decreased 3.1% year over year to $145.8 million, primarily because of a decrease in sales to small and medium sized carrier customers who utilize IDT's self-service, web-based prepaid termination services platform, and due to the absence of certain exchange rate driven arbitrage-pricing opportunities that existed in the year ago quarter.

    Payment Services' revenue jumped 11.8% to $59.6 million. The increase in Payment Services revenue was generated predominantly by growth in our international mobile top up and money transfer businesses.

    TPS' direct cost of revenue in 2Q17, expressed as a percentage of TPS' revenue, was 85.7%, an increase of 60 basis points year over, primarily reflecting competitive margin pressure on both our BOSS Revolution and wholesale carrier offerings.

    TPS' SG&A expense in 2Q17 of $40.2 million represented 11.2% of TPS' revenue in 2Q17, a 70 basis points decrease compared to the year ago quarter, primarily resulting from reduced headcount.

    TPS' income from operations was $6.9 million in both 2Q17 and 2Q16, while Adjusted EBITDA for the same periods were $10.9 million and $11.2 million, respectively, as the reduction in SG&A expense mostly offset the impact of the decrease in revenue.

    Unified Communications as a Service (UCaaS)

    The UCaaS segment is comprised of offerings from IDT's net2phone((R)) division, including (1) cable telephony, (2) hosted PBX, (3) SIP trunking, which supports inbound and outbound domestic and international calling from an IP PBX, and (4) PicuP, a highly-automated business phone service that answers, routes and manages voice calls.

    UCaaS' revenue in 2Q17 increased to $7.1 million from $6.1 million in 2Q16, including a 230.6% increase in revenue from net2phone's hosted PBX offering. The segment's two largest offerings - cable telephony and SIP trunking - also posted year over year gains.

    UCaaS' direct cost of revenue expressed as a percentage of revenue decreased from 51.7% in 2Q16 to 41.0% in 2Q17, an improvement of 1070 basis points, as its business continued to scale.

    SG&A expense for the UCaaS segment increased to $3.8 million in 2Q17 from $2.8 million (+33.5%) in 2Q16. As a percentage of UCaaS' revenue, SG&A in 2Q17 increased 660 basis points year over year to 53.0%, as net2phone ramped up its investment in technology and expanded the scope of its sales and marketing efforts.

    UCaaS' loss from operations narrowed to $464 thousand in 2Q17 from $576 thousand in 2Q16. Adjusted EBITDA increased to $430 thousand in 2Q17 from $117 thousand over the same period.

    Consumer Phone Services (CPS)

    The Consumer Phone Services segment sells local and long distance services in the U.S., marketed under the brand name IDT America. CPS has been in harvest mode for more than a decade - maximizing revenue from current customers while maintaining SG&A and other expenses at the minimum levels essential to operate the business. Results this quarter conformed to expectations.

    All Other

    All Other includes IDT's real estate holdings, comprised of its public garage in Newark and commercial properties in Newark, Piscataway and Jerusalem, as well as other small businesses and investments, including an investment in Cornerstone Pharmaceuticals, Inc.

    Cornerstone is a clinical stage, oncology-focused pharmaceutical company committed to the development and commercialization of therapies that exploit the metabolic differences between normal cells and cancer cells.

    All Other previously included Zedge, a platform and mobile app centered on self-expression. Zedge was fully spun off from IDT to IDT's shareholders on June 1, 2016. Because the disposition of IDT's interest in Zedge did not meet the criteria to be reported as a discontinued operation, Zedge's results of operations and cash flows continue to be included in prior comparative periods.

    All Other's revenue in 2Q17 was $0.5 million, a decrease from $4.0 million (-87.7%) in 2Q16. Exclusive of Zedge, revenue in 2Q16 was $0.5 million.

    All Other's income from operations in 2Q17 was $82 thousand compared to $1.8 million (-95.6%) in 2Q16. Exclusive of Zedge, income from operations in 2Q16 was $115 thousand.

    DIVIDEND

    IDT's Board of Directors has declared a quarterly dividend of $0.19 per share of Class A and Class B common stock for 2Q17 to be paid on or about March 24, 2017. The dividend will be paid to stockholders of record as of the close of business on March 17(th). The ex-dividend date will be March 15(th). This distribution will be treated as a return of capital for tax purposes.

    IDT EARNINGS ANNOUNCEMENT & SUPPLEMENTAL INFORMATION

    This release is available for download in the "For Investors" section of the IDT Corporation website (http://idt.net/ir) and has been filed on a current report (Form 8-K) with the SEC.

    IDT will host an earnings conference call beginning at 5:30 PM ET today with management's discussion of results, outlook and strategy followed by Q&A with investors.

    To listen to the call and participate in the Q&A, dial toll-free 1-888-348-8417 (from U.S.) or 1-412-902-4243 (international) and request the IDT Corporation call.

    A recording of the conference call can be accessed one hour after the call, and will be available through March 13, 2017, by dialing 1-844-512-2921 (toll free from the US) or 1-412-317-6671 (international) and providing this pin code: 10101016. The recording will also be available via streaming audio at the IDT investor relations website (www.idt.net/ir) following the call.

    About IDT:

    IDT Corporation , through its IDT Telecom division, provides telecommunications and payment services to individuals and businesses primarily through its flagship BOSS Revolution((R)) and net2phone((R)) brands. IDT Telecom's wholesale business is a leading global carrier of international long distance calls. For more information on IDT, visit www.idt.net.

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

    IDT CORPORATION CONSOLIDATED BALANCE SHEETS January 31, July 31, 2017 2016 ---- ---- (Unaudited) (in thousands) Assets Current assets: Cash and cash equivalents $77,524 $109,537 Restricted cash and cash equivalents 89,420 98,822 Marketable securities 53,273 52,949 Trade accounts receivable, net of allowance for doubtful accounts of $5,173 at January 31, 2017 and $4,818 at July 31, 2016 55,464 49,283 Prepaid expenses 14,994 15,189 Other current assets 14,228 13,273 ------ ------ Total current assets 304,903 339,053 Property, plant and equipment, net 89,205 87,374 Goodwill 11,137 11,218 Other intangibles, net 676 843 Investments 23,623 14,024 Deferred income tax assets, net 22,450 9,554 Other assets 7,372 7,592 ----- ----- Total assets $459,366 $469,658 ======== ======== Liabilities and equity Current liabilities: Trade accounts payable $32,237 $30,253 Accrued expenses 101,316 117,434 Deferred revenue 83,835 86,178 Customer deposits 87,468 95,843 Income taxes payable 494 578 Other current liabilities 5,557 13,534 ----- ------ Total current liabilities 310,907 343,820 Other liabilities 1,627 1,635 ----- ----- Total liabilities 312,534 345,455 Commitments and contingencies Equity: IDT Corporation stockholders' equity: Preferred stock, $.01 par value; authorized shares-10,000; no shares issued - - Class A common stock, $.01 par value; authorized shares-35,000; 3,272 shares issued and 1,574 shares outstanding at January 31, 2017 and July 31, 2016 33 33 Class B common stock, $.01 par value; authorized shares-200,000; 25,550 and 25,383 shares issued and 21,525 and 21,452 shares outstanding at January 31, 2017 and July 31, 2016, respectively 255 254 Additional paid-in capital 401,055 396,243 Treasury stock, at cost, consisting of 1,698 and 1,698 shares of Class A common stock and 4,025 and 3,931 shares of Class B common stock at January 31, 2017 and July 31, 2016, respectively (117,154 ) (115,316 ) Accumulated other comprehensive loss (6,210) (3,744) Accumulated deficit (139,644 ) (153,673 ) --------- --------- Total IDT Corporation stockholders' equity 138,335 123,797 Noncontrolling interests 8,497 406 ----- --- Total equity 146,832 124,203 ------- ------- Total liabilities and equity $459,366 $469,658 ======== ========

    IDT CORPORATION CONSOLIDATED STATEMENTS OF INCOME (Unaudited) Three Months Ended Six Months Ended January 31, January 31, ----------- ----------- 2017 2016 2017 2016 ---- ---- ---- ---- (in thousands, except per share data) Revenues $367,556 $382,454 $736,707 $773,032 Costs and expenses: Direct cost of revenues (exclusive of depreciation and amortization) 310,913 319,724 623,941 644,235 Selling, general and administrative (i) 47,325 51,054 92,763 104,143 Depreciation and amortization 5,301 4,973 10,601 10,025 ----- ----- ------ ------ Total costs and expenses 363,539 375,751 727,305 758,403 Other operating expense (889) (326) (1,088) (326) ---- ---- ------ ---- Income from operations 3,128 6,377 8,314 14,303 Interest income, net 309 534 609 692 Other (expense) income, net (419) (234) 1,974 (844) ---- ---- ----- ---- Income before income taxes 3,018 6,677 10,897 14,151 (Provision for) benefit from income taxes (1,761) (2,014) 12,655 (4,911) ------ ------ ------ ------ Net income 1,257 4,663 23,552 9,240 Net income attributable to noncontrolling interests (382 ) (598 ) (758) (981) ----- ----- ---- ---- Net income attributable to IDT Corporation $875 $4,065 $22,794 $8,259 ==== ====== ======= ====== Earnings per share attributable to IDT Corporation common stockholders: Basic $0.04 $0.18 $1.00 $0.36 ===== ===== ===== ===== Diluted $0.04 $0.18 $0.99 $0.36 ===== ===== ===== ===== Weighted-average number of shares used in calculation of earnings per share: Basic 22,768 22,799 22,740 22,867 ====== ====== ====== ====== Diluted 22,963 22,799 22,931 22,884 ====== ====== ====== ====== Dividends declared per common share $0.19 $0.19 $0.38 $0.37 ===== ===== ===== ===== (i) Stock-based compensation included in selling, general and administrative expenses $1,426 $873 $2,128 $1,644 ====== ==== ====== ======

    IDT CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Six Months Ended January 31, ----------- 2017 2016 ---- ---- (in thousands) Operating activities Net income $23,552 $9,240 Adjustments to reconcile net income to net cash (used in) provided by operating activities: Depreciation and amortization 10,601 10,025 Deferred income taxes (12,868) 4,708 Provision for doubtful accounts receivable 126 486 Realized gain on marketable securities (305) (543) Interest in the equity of investments (295) (79) Stock-based compensation 2,128 1,644 Change in assets and liabilities: Restricted cash and cash equivalents 4,098 (5,360) Trade accounts receivable (8,189) (1,366) Prepaid expenses, other current assets and other assets (1,432) 7,644 Trade accounts payable, accrued expenses, other current liabilities and other liabilities (14,927) (10,814) Customer deposits (1,177) 8,200 Income taxes payable (83) 159 Deferred revenue (2,043) 1,202 ------ ----- Net cash (used in) provided by operating activities (814) 25,146 Investing activities Capital expenditures (10,543 ) (9,223) Proceeds from sale of interest in Fabrix Systems Ltd - 4,769 Payment for acquisition, net of cash acquired (1,827) - Cash used for investments (8,308) (350) Proceeds from sale and redemption of investments 4 626 Purchases of marketable securities (17,209 ) (24,480) Proceeds from maturities and sales of marketable securities 16,848 18,720 ------ ------ Net cash used in investing activities (21,035) (9,938) Financing activities Dividends paid (8,765) (8,626) Distributions to noncontrolling interests (817 ) (1,220) Proceeds from sale of member interests in CS Pharma Holdings, LLC 1,250 - Proceeds from exercise of stock options 835 - Repayment of note payable - (6,353) Repurchases of Class B common stock (1,838 ) (4,773) ------- ------ Net cash used in financing activities (9,335 ) (20,972) Effect of exchange rate changes on cash and cash equivalents (829) (5,083) ---- ------ Net decrease in cash and cash equivalents (32,013) (10,847) Cash and cash equivalents at beginning of period 109,537 110,361 ------- ------- Cash and cash equivalents at end of period $77,524 $99,514 ======= ======= Supplemental schedule of non-cash investing and financing activities Reclassification of liability for member interests in CS Pharma Holdings, LLC $8,750 $ - ====== ==================

    Reconciliation of Non-GAAP Financial Measures for the Second Quarter Fiscal 2017 and 2016

    In addition to disclosing financial results that are determined in accordance with generally accepted accounting principles in the United States of America (GAAP), IDT also disclosed, for 2Q17, 1Q17 and 2Q16, Adjusted EBITDA, non-GAAP net income and non-GAAP diluted earnings per share, or EPS, which are non-GAAP measures. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP.

    IDT's measure of Adjusted EBITDA consists of revenues less direct cost of revenues and selling, general and administrative expense. Another way of calculating Adjusted EBITDA is to start with income from operations and add depreciation and amortization and other operating expense.

    IDT's measure of non-GAAP net income starts with net income in accordance with GAAP and adds depreciation and amortization, stock-based compensation and other operating expense, and subtracts the tax benefit from group relief.

    IDT's measure of non-GAAP diluted EPS is calculated by dividing non-GAAP net income by the diluted weighted-average shares.

    These additions and subtractions are non-cash and/or non-routine items in the relevant fiscal 2017 and fiscal 2016 periods.

    Management believes that IDT's Adjusted EBITDA, non-GAAP net income and non-GAAP EPS measures provide useful information to both management and investors by excluding certain expenses and non-routine gains and losses that may not be indicative of IDT's or the relevant segment's core operating results. Management uses Adjusted EBITDA, among other measures, as a relevant indicator of core operational strengths in its financial and operational decision making. In addition, management uses Adjusted EBITDA, non-GAAP net income and non-GAAP EPS to evaluate operating performance in relation to IDT's competitors. Disclosure of these financial measures may be useful to investors in evaluating performance and allows for greater transparency to the underlying supplemental information used by management in its financial and operational decision-making. In addition, IDT has historically reported similar financial measures and believes such measures are commonly used by readers of financial information in assessing performance, therefore the inclusion of comparative numbers provides consistency in financial reporting at this time.

    Management refers to Adjusted EBITDA, as well as the GAAP measures income (loss) from operations and net income, on a segment and/or consolidated level to facilitate internal and external comparisons to the segments' and IDT's historical operating results, in making operating decisions, for budget and planning purposes, and to form the basis upon which management is compensated.

    While depreciation and amortization are considered operating costs under GAAP, these expenses primarily represent the non-cash current period allocation of costs associated with long-lived assets acquired or constructed in prior periods. IDT's operating results exclusive of depreciation and amortization charges are useful indicators of its current performance.

    Other operating expense, which includes non-routine legal fees related to an FCC inquiry in fiscal 2017 and loss on disposal of property, plant and equipment in fiscal 2016, is a deduction from income from operations. Other operating expense is excluded from the calculation of Adjusted EBITDA, non-GAAP net income and non-GAAP EPS. From time-to-time, IDT may incur costs related to non-routine legal and regulatory matters or dispose of certain assets. However, such legal and regulatory matters and disposals do not occur each quarter. IDT does not believe the gains or losses from asset sales or from non-routine legal and regulatory matters should be included in IDT's or the relevant segment's core operating results.

    The other calculation of Adjusted EBITDA consists of revenues less direct cost of revenues and selling, general and administrative expense. As the other excluded items are not reflected in this calculation, they are excluded automatically and there is no need to make additional adjustments. This calculation results in the same Adjusted EBITDA amount and its utility and significance is as explained above.

    Stock-based compensation recognized by IDT and other companies may not be comparable because of the variety of types of awards as well as the various valuation methodologies and subjective assumptions that are permitted under GAAP. Stock-based compensation is excluded from IDT's calculation of non-GAAP net income and non-GAAP EPS because management believes this allows investors to make more meaningful comparisons of the operating results per share of IDT's core business with the results of other companies. However, stock-based compensation will continue to be a significant expense for IDT for the foreseeable future and an important part of employees' compensation that impacts their performance.

    The tax benefit from group relief is excluded from IDT's calculation of non-GAAP net income and non-GAAP EPS because it is not directly related to the current results of IDT's core operations. Group relief is only available after all prior net operating losses are utilized by one entity and that entity is able to utilize the current period losses of a related entity. The income tax benefit was recorded by Elmion Netherlands B.V., a Netherlands subsidiary. Group relief is not anticipated to be ongoing and Elmion Netherlands B.V. is expected to have a valuation allowance in future periods.

    Adjusted EBITDA, non-GAAP net income and non-GAAP EPS should be considered in addition to, not as a substitute for, or superior to, income (loss) from operations, cash flow from operating activities, net income, basic and diluted earnings per share or other measures of liquidity and financial performance prepared in accordance with GAAP. In addition, IDT's measurements of Adjusted EBITDA, non-GAAP net income and non-GAAP EPS may not be comparable to similarly titled measures reported by other companies.

    Following are reconciliations of Adjusted EBITDA, non-GAAP net income and non-GAAP EPS to the most directly comparable GAAP measure, which are, (a) for Adjusted EBITDA, income (loss) from operations for IDT's reportable segments and net income for IDT on a consolidated basis, (b) for non-GAAP net income, net income and, (c) for non-GAAP EPS, basic and diluted earnings per share.

    IDT Corporation Reconciliation of Adjusted EBITDA to Net Income (unaudited) in millions Figures may not foot or cross-foot due to rounding to millions. Total IDT Telecom UCaaS Consumer All Corporate Corporation Platform Phone Other Services Services -------- -------- Three Months Ended January 31, 2017 (2Q17) Adjusted EBITDA $9.3 $10.9 $0.4 $0.2 $0.5 $(2.8) Subtract: Depreciation and amortization 5.3 4.0 0.9 - 0.4 - Other operating expense 0.9 - - - - 0.9 Income (loss) from operations 3.1 $6.9 $(0.5) $0.2 $0.1 $(3.7) ---- ----- ---- ---- Interest income, net 0.3 Other expense, net (0.4) ---- Income before income taxes 3.0 Provision for income taxes (1.8) ---- Net income 1.3 Net income attributable to noncontrolling interests (0.4) ---- Net income attributable to IDT Corporation $0.9 ---- Total IDT Telecom UCaaS Consumer All Corporate Corporation Platform Phone Other Services Services --- --- Three Months Ended October 31, 2016 (1Q17) Adjusted EBITDA $10.7 $10.4 $0.6 $0.3 $0.5 $(1.1) Subtract (Add): Depreciation and amortization 5.3 4.2 0.7 - 0.4 - Other operating expense 0.2 - - - - 0.2 Income (loss) from operations 5.2 $6.2 $(0.1) $0.3 $0.1 $(1.3) ---- ----- ---- ---- Interest income, net 0.3 Other income, net 2.4 Income before income taxes 7.9 Benefit from income taxes 14.4 ---- Net income 22.3 Net income attributable to noncontrolling interests (0.4) ---- Net income attributable to IDT Corporation $21.9 -------------------- -----

    IDT Corporation Reconciliation of Adjusted EBITDA to Net Income (unaudited) in millions Figures may not foot or cross-foot due to rounding to millions. Total IDT Telecom UCaaS Consumer All Other Corporate Corporation Platform Phone Services Services -------- -------- Three Months Ended January 31, 2016 (2Q16) Adjusted EBITDA $11.7 $11.2 $0.1 $0.3 $2.2 $(2.1) Subtract: Depreciation and amortization 5.0 4.0 0.7 - 0.3 - Other operating expense 0.3 0.3 - - - - --- --- --- --- --- --- Income (loss) from operations 6.4 $6.9 $(0.6) $0.3 $1.9 $(2.1) ---- ----- ---- ---- Interest income, net 0.5 Other expense, net (0.2) ---- Income before income taxes 6.7 Provision for income taxes (2.0) ---- Net income 4.7 Net income attributable to noncontrolling interests (0.6) ---- Net income attributable to IDT Corporation $4.1 ------------------------------------------ ----

    IDT Corporation Reconciliation of Adjusted EBITDA to Net Income (unaudited) in millions Figures may not foot or cross-foot due to rounding to millions. Total IDT Telecom UCaaS Consumer All Corporate Corporation Platform Phone Other Services Services -------- -------- Six Months Ended January 31, 2017 Adjusted EBITDA $20.0 $21.3 $1.0 $0.5 $1.0 $(3.9) Subtract: Depreciation and amortization 10.6 8.1 1.6 - 0.8 - Other operating expense 1.1 - - - - 1.1 Income (loss) from operations 8.3 $13.2 $(0.6) $0.5 $0.2 $(5.0) ----- ----- ---- ---- Interest income, net 0.6 Other income, net 2.0 --- Income before income taxes 10.9 Benefit from income taxes 12.7 ---- Net income 23.6 Net income attributable to noncontrolling interests (0.8) ---- Net income attributable to IDT Corporation $22.8 ----- Total IDT Telecom UCaaS Consumer All Corporate Corporation Platform Phone Other Services Services --- --- Six Months Ended January 31, 2016 Adjusted EBITDA $24.6 $24.9 $0.5 $0.6 $3.2 $(4.6) Subtract (Add): Depreciation and amortization 10.0 7.7 1.4 - 0.9 - Other operating expense 0.3 0.3 - - - - Income (loss) from operations 14.3 $16.9 $(0.9) $0.6 $2.3 $(4.6) ----- ----- ---- ---- Interest income, net 0.7 Other expense, net (0.8) Income before income taxes 14.2 Provision for income taxes (4.9) ---- Net income 9.3 Net income attributable to noncontrolling interests (1.0) ---- Net income attributable to IDT Corporation $8.3 -------------------- ----

    IDT Corporation Reconciliations of Net Income to Non-GAAP Net Income and Diluted EPS to Non-GAAP Diluted EPS (unaudited) in millions, except per share data Figures may not foot due to rounding to millions. 2Q17 1Q17 2Q16 Six Six Months Months Ended Ended January January 31, 2017 31, 2016 --- -------- -------- Net income $1.3 $22.3 $4.7 $23.6 $9.2 Adjustments (add) subtract: Stock-based compensation (1.4) (0.7) (0.9) (2.1) (1.6) Depreciation and amortization (5.3) (5.3) (5.0) (10.6) (10.0) Other operating expense (0.9) (0.2) (0.3) (1.1) (0.3) Tax benefit from group relief - 16.6 - 16.6 - --- ---- --- ---- --- Total adjustments (7.6) 10.4 (6.2) 2.8 (11.9) Income tax effect of total adjustments 2.8 1.8 1.9 5.1 4.0 --- --- --- --- --- 4.8 (12.2) 4.3 (7.9) 7.9 --- ----- --- ---- --- Non-GAAP net income $6.1 $10.1 $9.0 $15.7 $17.1 ---- ----- ---- ----- ----- Earnings per share: Basic $0.04 $0.97 $0.18 $1.00 $0.36 Total adjustments 0.23 (0.53) 0.21 (0.31) 0.39 ---- ----- ---- ----- ---- Non-GAAP EPS - basic $0.27 $0.44 $0.39 $0.69 $0.75 ----- ----- ----- ----- ----- Weighted-average number of shares used in calculation of basic earnings per share 22.8 22.7 22.8 22.7 22.9 ---- ---- ---- ---- ---- Diluted $0.04 $0.96 $0.18 $0.99 $0.36 Total adjustments 0.23 (0.52) 0.21 (0.31) 0.39 ---- ----- ---- ----- ---- Non-GAAP EPS - diluted $0.27 $0.44 $0.39 $0.68 $0.75 ----- ----- ----- ----- ----- Weighted-average number of shares used in calculation of diluted earnings per share 23.0 22.9 22.8 22.9 22.9 ---- ---- ---- ---- ----

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/idt-corporation-reports-second-quarter-fiscal-2017-results-300418694.html

    Photo: http://mma.prnewswire.com/media/408440/IDT_Corporation_Logo.jpg IDT Corporation

    CONTACT: IDT Corporation Investor Relations, Bill Ulrey,
    william.ulrey@idt.net, 973-438-3838

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




    Hanwha Q CELLS to Attend 29th Annual ROTH Conference

    SEOUL, South Korea, March 6, 2017 /PRNewswire/ -- Hanwha Q CELLS Co., Ltd. ("Hanwha Q CELLS" or the "Company") , one of the world's largest photovoltaic manufacturers of high-quality, high-efficiency solar modules, today announced that it will attend 29(th) Annual ROTH Conference and will conduct one-on-one meetings.

    Sponsored by ROTH Capital Partners, the ROTH conference will be held between March 12-15, 2017 at The Ritz Carlton, Laguna Niguel in Orange County, California. This conference is by invitation only and please contact conference@roth.com or your ROTH representative at (800) 933-6830 for more information or to schedule a meeting.

    About Hanwha Q CELLS

    Hanwha Q CELLS Co., Ltd. is one of the world s largest and most recognized photovoltaic manufacturers for its high-performance, high-quality solar cells and modules. It is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ) with its diverse international manufacturing facilities in Malaysia and China. Hanwha Q CELLS offers the full spectrum of photovoltaic products, applications and solutions, from modules to kits to systems to large scale solar power plants. Through its growing global business network spanning Europe, North America, Asia, South America, Africa and the Middle East, the company provides excellent services and long-term partnership to its customers in the utility, commercial, government and residential markets. Hanwha Q CELLS is a flagship company of Hanwha Group, a FORTUNE Global 500 firm and a Top 10 business enterprise in South Korea. For more information, visit: http://www.hanwha-qcells.com/.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hanwha-q-cells-to-attend-29th-annual-roth-conference-300418512.html

    Hanwha Q CELLS Co., Ltd.

    CONTACT: Sean Park, Sr. Director of Investor Relations, +1-917-710-5856,
    sean.park@hanwha-qcells.com

    Web site: http://www.hanwha-qcells.com/




    Honeywell To Present At J.P. Morgan Aviation, Transportation And Industrials Conference

    MORRIS PLAINS, N.J., March 6, 2017 /PRNewswire/ -- Honeywell announced that Darius Adamczyk, President and COO, will be presenting at the J.P. Morgan Aviation, Transportation and Industrials Conference in New York City on Tuesday, March 14, 2017, from 9:15 a.m. - 9:55 a.m. EDT.

    A real-time audio webcast of the presentation can be accessed at http://www.honeywell.com/investor, where related materials will be posted prior to the presentation and a replay of the webcast will be available for 30 days following the presentation.

    Honeywell (www.honeywell.com) is a Fortune 100 software-industrial company that delivers industry specific solutions that include aerospace and automotive products and services; control technologies for buildings, homes, and industry; and performance materials globally. Our technologies help everything from aircraft, cars, homes and buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

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

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/honeywell-to-present-at-jp-morgan-aviation-transportation-and-industrials-conference-300418501.html

    Honeywell

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




    NTN Buzztime, Inc. Expands Partnership with Buffalo Wild Wings and Reports Fourth Quarter and Year-end 2016 Results- Improves 2016 Net Loss by $4.3 million compared to 2015 -- Buzztime Selected to Deliver Order and Pay with EMV Functionality to Buffalo Wild Wings -

    CARLSBAD, Calif., March 6, 2017 /PRNewswire/ -- NTN Buzztime, Inc. reported financial results for the fourth quarter and year ended December 31, 2016. Also, after a thorough evaluation and competitive pilot, Buffalo Wild Wings has selected Buzztime to provide menu, order and pay functionality, including EMV, for guests at all of Buffalo Wild Wings' domestic corporate and franchise locations, which will expand the scope of the two companies' existing partnership.

    "Fourth quarter provided a strong close to 2016, as significant operational efforts throughout the year increased gross margin to 65% and improved the bottom line by $4.3 million," said Ram Krishnan, NTN Buzztime CEO. "Now, we are excited Buffalo Wild Wings awarded Buzztime the order and pay with EMV functionality. We have enjoyed a mutually beneficial partnership with Buffalo Wild Wings throughout the years and are thrilled to expand our relationship. We believe technology used to improve entertainment and service is critical to the guest experience. In 2017, we will continue investing in the platform as well as driving revenue with our growing distribution channels. We are excited to build upon our successes and generate shareholder value."

    Buzztime launched its ordering and payment technology in the market close to two years ago and will now add Buffalo Wild Wings to the growing list of customers adopting Buzztime's ordering, payment and EMV technology. The Buzztime handheld form factor invites multiple players at the table, and by using technology to continually augment entertainment and service, it enhances the guest experience. The guest-facing tablets provide valuable data and insights to store management. Further, EMV payment functionality provides security and fraud protection while enabling payment at the table.

    Financial Results for the Fourth Quarter Ended December 31, 2016
    Total revenues were $6.0 million for the fourth quarter of 2016. This was up compared to $5.4 million for the third quarter of 2016 due to increases in sales-type lease and other revenue, but down compared to $6.5 million for the fourth quarter of 2015 reflecting expected lower sales-type lease revenue, partially offset by increases in other revenues. Direct costs were $2.1 million, down 38% from $3.3 million for the same period in 2015 due to the lower sales-type lease revenues as well as reduced scrap and repair costs. As a result, gross margin increased to 65%, up from 49% in the prior year quarter. Selling, general and administrative expenses were $4.1 million for the fourth quarter of 2016, compared to $4.0 million for the same period in 2015. Net loss was $459,000, or $0.22 per share, improving from $990,000, or $0.54 per share, for the fourth quarter of 2015. EBITDA was $390,000, up from $52,000 in the same period last year.

    EBITDA is defined as earnings before interest, taxes, depreciation and amortization and is not intended to represent a measure of performance in accordance with accounting principles generally accepted in the United States (GAAP). Although EBITDA is positive for the fourth quarter of 2016, EBITDA may not be positive in future quarters. A detailed description and reconciliation of EBITDA and management's reasons for using this measure is set forth at the end of this press release.

    Financial Results for the Year Ended December 31, 2016
    Total revenues were $22.3 million for 2016, compared to $24.5 million for 2015 reflecting expected lower sales-type lease revenue that offset increases in other revenues. Direct costs were $7.7 million, down 39% from $12.6 million for 2015 due to the lower sales-type lease revenues as well as reduced scrap and repair costs. As a result, gross margin also increased to 65%, up from 49% in 2015. Selling, general and administrative expenses were $16.5 million, down 9% compared to 2015. Net loss was $2.9 million, or $1.54 per share, improving $4.3 million from $7.2 million, or $3.93 per share, for 2015. EBITDA was $578,000, compared to an EBITDA loss of $3.6 million in 2015.

    Metric Review for the Quarter Ended December 31, 2016
    The site count was 2,814 venues and, as expected, decreased compared to 2,848 as of September 30, 2016. Management anticipates the net count will continue to fluctuate. As of December 31, 2016, BEOND platform installations increased to 1,996 locations, or 71% of the installed base, compared to 1,968 or 69% of the installed base, as of September 30, 2016.

    Liquidity
    Cash and cash equivalents were $5.7 million at December 31, 2016, compared to $3.2 million as of December 31, 2015, reflecting $2.7 million raised in November 2016. Working capital, as of December 31, 2016, was $4.0 million, flat from December 31, 2015. Subsequent to quarter close, the company signed an amendment to its credit facility with its primary lender, East West Bank, providing flexibility with short-term working capital..

    Conference Call
    Management will review the results on a conference call with a live question and answer session today, March 6, 2017, at 4:30 p.m. ET. To access the call, please use passcode 76178694:

    --  (877) 307-1373 for the live call and (855) 859-2056 for the replay, if
    calling from the United States or Canada; or
    --  (678) 224-7873 for the live call and (404) 537-3406 for the replay, if
    calling internationally.
    

    The call will also be accompanied live by webcast over the Internet and accessible at the company's website at http://www.buzztime.com. The replay of the call will be available until March 16, 2017.

    Forward-looking Statements
    This release contains forward-looking statements which reflect management's current views of future events and operations. These statements are based on current expectations and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include statements about our growth plans, delivery of order and payment technology, value of our product to our customers and their guests, security and fraud protection for our customers and their guests, future investments in our product platform and expansion of partnership. Please see NTN Buzztime, Inc.'s recent filings with the Securities and Exchange Commission for information about these and other risks that may affect the Company. All forward-looking statements included in this release are based on information available to us on the date hereof. These statements speak only as of the date hereof and NTN Buzztime, Inc. does not undertake to publicly update or revise any of its forward-looking statements, even if experience or future changes show that the indicated results or events will not be realized.

    About Buzztime
    Buzztime delivers interactive entertainment and innovative dining technology to bars and restaurants in North America. Venues license Buzztime's customizable solution to differentiate themselves via competitive fun by offering guests trivia, card, sports and arcade games, nationwide competitions, personalized menus and self-service dining features. Buzztime's platform improves operating efficiencies, creates connections among the players and venues, and amplifies guests' positive experiences. Founded in 1984, Buzztime has accumulated over 9 million player registrations and over 136 million games were played in 2016 alone. For more information, please visit http://www.buzztime.com or follow us on Facebook or Twitter @buzztime.

    IR AGENCY CONTACT:
    Kirsten Chapman/Becky Herrick, LHA Investor Relations
    buzztime@lhai.com
    415-433-3777


    NTN BUZZTIME, INC. AND SUBSIDIARIES Consolidated Balance Sheets (In thousands, except par value amount) ASSETS December 31, December 31, 2016 2015 ---- ---- Current Assets: Cash and cash equivalents $5,686 $3,223 Accounts receivable, net 928 919 Site equipment to be installed 2,998 3,990 Prepaid expenses and other current assets 1,050 978 ----- --- Total current assets 10,662 9,110 Fixed assets, net 3,101 3,915 Software development costs, net 970 943 Deferred costs 904 1,328 Goodwill 937 909 Intangible assets, net 29 79 Other assets 92 124 --- --- Total assets $16,695 $16,408 ======= ======= LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities: Accounts payable $247 $211 Accrued compensation 1,060 1,024 Accrued expenses 697 670 Sales taxes payable 142 192 Income taxes payable 4 22 Current portion of long-term debt 2,988 1,072 Current portion of obligations under capital leases 155 78 Current portion of deferred revenue 1,059 1,214 Other current liabilities 291 639 Total current liabilities 6,643 5,122 Long-term debt 5,123 6,366 Obligations under capital leases 259 138 Deferred revenue 219 393 Deferred rent 371 541 Other liabilities 12 -- --- --- Total liabilities 12,627 12,560 Commitments and contingencies Shareholders' equity: Series A 10% cumulative convertible preferred stock, $0.005 par value, $156 liquidation preference, 5,000 shares authorized; 156 shares issued and outstanding at December 31, 2016 and 2015 1 1 Common stock, $0.005 par value, 168,000 shares authorized at December 31, 2016 and 2015; 2,261 and 1,849 shares issued and outstanding at December 31, 2016 and 2015, respectively 11 9 Treasury stock, at cost, 10 shares at December 31, 2016 and 2015 (456 ) (456 ) Additional paid-in capital 132,315 129,209 Accumulated deficit (128,026 ) (125,087 ) Accumulated other comprehensive income 223 172 --- --- Total shareholders' equity 4,068 3,848 ----- ----- Total liabilities and shareholders' equity $16,695 $16,408 ======= =======

    NTN BUZZTIME, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (In thousands, except per share data) Three months ended Twelve months ended December 31, December 31, ------------ ------------ 2016 2015 2016 2015 ---- ---- Revenues Subscription revenue $4,356 $4,392 $17,463 $17,062 Sales-type lease revenue 427 1,127 1,266 4,202 Other revenue 1,197 1,002 3,583 3,255 ----- ----- ----- ----- Total revenues 5,980 6,521 22,312 24,519 Operating expenses: Direct operating costs (includes depreciation and amortization) 2,087 3,346 7,710 12,570 Selling, general and administrative 4,098 3,954 16,458 18,060 Impairment of capitalized software -- -- -- 295 Depreciation and amortization (excluding depreciation and amortization included in direct costs 95 124 422 489 --- --- --- --- Total operating expenses 6,280 7,424 24,590 31,414 ----- ----- ------ ------ Operating loss (300 ) (903 ) (2,278 ) (6,895 ) Other (expense) income: Interest income -- -- -- 3 Interest expense (146 ) (111 ) (576 ) (484 ) Other income (6 ) 23 (31 ) 162 --- --- ---- --- Total other expense, net (152 ) (88 ) (607 ) (319 ) Loss before income taxes (452 ) (991 ) (2,885 ) (7,214 ) (Provision) benefit for income taxes (7 ) 1 (38 ) (12 ) --- --- ---- ---- Net loss $(459 ) $(990 ) $(2,923 ) $(7,226 ) ====== ====== ======== ======== Net loss per common share - basic and diluted $(0.22 ) $(0.54 ) $(1.54 ) $(3.93 ) ======= ======= ======= ======= Weighted average shares outstanding - basic and diluted 2,094 1,838 1,903 1,838 ===== ===== ===== ===== Comprehensive loss: Net loss $(459 ) $(990 ) $(2,923 ) $(7,226 ) Foreign currency translations adjustment (39 ) (56 ) 51 (307 ) ---- ---- --- ----- Total comprehensive loss $(498 ) $(1,046 ) $(2,872 ) $(7,533 ) ====== ======== ======== ========

    NTN BUZZTIME, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) Twelve months ended December 31, ------------ 2016 2015 ---- ---- Cash flows provided by (used in) operating activities: Net loss $(2,923 ) $(7,226 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 2,887 3,104 Provision for doubtful accounts 74 12 Excess and obsolete site equipment to be installed expense 63 797 Transfer of fixed assets to sales-type lease 5 -- Stock-based compensation 419 456 Amortization of debt issuance costs 36 18 Issuance of common stock to consultant in lieu of cash payment -- 1 Impairment of capitalized software -- 295 Loss from disposition of equipment 33 28 Changes in assets and liabilities: Accounts receivable (83 ) 1,250 Site equipment to be installed (217 ) (1,394 ) Prepaid expenses and other liabilities 121 (235 ) Accounts payable and accrued expenses 47 (372 ) Income taxes payable (19 ) (72 ) Deferred costs 425 (241 ) Deferred revenue (327 ) (608 ) Deferred rent (170 ) (152 ) Other liabilities (348 ) 159 ----- --- Net cash provided by (used in) operating activities 23 (4,180 ) Cash flows used in investing activities: Capital expenditures (427 ) (991 ) Software development expenditures (413 ) (641 ) Proceeds from the sale of equipment -- 9 --- Net cash used in investing activities (840 ) (1,623 ) Cash flows provided by financing activities: Net proceeds from issuance of common stock related to registered direct offering 2,692 -- Proceeds from long-term debt 2,502 6,737 Payment on long-term debt (1,829 ) (4,618 ) Debit issuance costs of long-term deb (9 ) (81 ) Principal payments on capital lease (81 ) (58 ) Payment to cashed-out stockholders in connection with reverse/forward stock split (3 ) -- Payment of preferred stockholder dividends (16 ) -- ---- --- Net cash provided by financing activities 3,256 1,980 Net increase (decrease) in cash and cash equivalents 2,439 (3,823 ) Effect of exchange rate on cash 24 (139 ) Cash and cash equivalents at beginning of period 3,223 7,185 ----- ----- Cash and cash equivalents at end of period 5,686 3,223 ===== =====

    Non-GAAP Information

    A schedule reconciling the Company's consolidated net loss calculated in accordance with GAAP to EBITDA is included in the supplemental table below. The Company defines EBITDA as earnings before interest, taxes, depreciation and amortization. EBITDA is not intended to represent a measure of performance in accordance with GAAP, nor should EBITDA be considered as an alternative to statements of cash flows as a measure of liquidity. EBITDA is included herein because the Company believes it is a measure of operating performance that financial analysts, lenders, investors and other interested parties find to be a useful tool for analyzing companies like Buzztime that carry significant levels of non-cash depreciation and amortization charges in comparison to their net income or loss calculation in accordance with GAAP.

    The following table reconciles our net loss per GAAP (in thousands) to EBITDA:

    Three months ended Twelve months ended December 31, December 31, ------------ ------------ 2016 2015 2016 2015 ---- ---- ---- ---- Net loss per GAAP $(459 ) $(990 ) $(2,923 ) $(7,226 ) Interest expense, net 146 111 576 481 Income tax provision 7 (1 ) 38 12 Depreciation and amortization 696 932 2,887 3,104 --- --- ----- ----- Total EBITDA $390 $52 $578 $(3,629 ) ==== === ==== ========

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ntn-buzztime-inc-expands-partnership-with-buffalo-wild-wings-and-reports-fourth-quarter-and-year-end-2016-results-300418600.html

    Photo: http://mma.prnewswire.com/media/475026/NTN_Buzztime_Logo.jpg NTN Buzztime, Inc.

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




    Enhanced Micrium OS and New Platform Builder Accelerate Embedded Design-- Supports All Major Platforms and Processor Architectures --

    AUSTIN, Texas, March 6, 2017 /PRNewswire/ -- Micrium OS, the latest evolution of the proven embedded uC/OS(TM) real-time operating system (RTOS), is now available. Micrium OS comes with an optimized RTOS kernel, communication stacks, file system and graphical user interface. The new Platform Builder tool simplifies development by automatically resolving dependencies and configuring startup order once developers select the components they need. Using Micrium OS and Platform Builder offers developers a powerful approach to embedded design that substantially reduces initialization complexity and accelerates time to market. The OS supports all major semiconductor providers including NXP, Renesas, Silicon Labs and STMicroelectronics.

    "Wireless connectivity, 32-bit MCUs and SoCs, and the multiple interfaces of IoT devices make it harder than ever to get systems configured, running and operating properly," said Jean Labrosse, renowned RTOS expert and founder of Micrium Software. "Soon, the majority of embedded systems will run an OS. Micrium OS and Platform Builder represent the future of solutions-based embedded design, allowing new and existing customers to take advantage of our dependable, easy-to-use and proven software."

    According to IDC, global IoT-related spending will reach US$1.29 trillion in 2020. This sizeable market is attracting makers and embedded pros who will benefit from the performance, reliability and ease of use of Micrium OS.

    Micrium OS is based on a 20-year history of robust software experience in embedded development. The updated OS simplifies development with intuitive interfaces and improved debugging and advanced error handling to pinpoint bugs more rapidly.

    Micrium OS and Platform Builder are part of the Silicon Labs portfolio and will be available for download beginning March 14, 2017, from the Micrium website. New commercial users enjoy a 45 day free trial and licensed customers can continue to use their existing Micrium software or migrate to Micrium OS and the new Platform Builder. Makers should check out the Micrium OS for Makers program for special offers. Developers can also see Micrium OS and Platform Builder live at booth #4-350 during Embedded World, March 14-16, 2017, in Nuremberg, Germany.

    Silicon Labs
    Silicon Labs is a leading provider of silicon, software and solutions for a smarter, more connected world. Our award-winning technologies are shaping the future of the Internet of Things, Internet infrastructure, industrial automation, consumer and automotive markets. Our world-class engineering team creates products focused on performance, energy savings, connectivity and simplicity. www.silabs.com

    Connect with Silicon Labs
    Silicon Labs PR Contact: Dale Weisman +1-512-532-5871, dale.weisman@silabs.com
    Follow Silicon Labs at http://news.silabs.com/, at http://blog.silabs.com/, on Twitter at http://twitter.com/siliconlabs, on LinkedIn at http://www.linkedin.com/company/silicon-labs and on Facebook at http://www.facebook.com/siliconlabs.

    Cautionary Language
    This press release may contain forward-looking statements based on Silicon Labs' current expectations. These forward-looking statements involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. For a discussion of factors that could impact Silicon Labs' financial results and cause actual results to differ materially from those in the forward-looking statements, please refer to Silicon Labs' filings with the SEC. Silicon Labs disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    Note to editors: Micrium, Silicon Labs, Silicon Laboratories, the "S" symbol, the Silicon Laboratories logo and the Silicon Labs logo are trademarks of Silicon Laboratories Inc. All other product names noted herein may be trademarks of their respective holders.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/enhanced-micrium-os-and-new-platform-builder-accelerate-embedded-design-300418249.html

    Photo: http://mma.prnewswire.com/media/474781/Silicon_Labs_Micrium_OS_Available.jpg
    http://mma.prnewswire.com/media/457128/silicon_labs_Logo.jpg Silicon Labs

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




    AAR to Announce Third Quarter Fiscal Year 2017 Results on March 21, 2017

    WOOD DALE, Ill., March 6, 2017 /PRNewswire/ -- AAR today announced that it will release financial results for its third quarter of Fiscal Year 2017, ended February 28, 2017, after the market closes on Tuesday, March 21, 2017.

    On Tuesday, March 21, 2017 at 3:45 p.m. CST, AAR will hold a conference call to discuss the results. The conference call can be accessed by calling 866-802-4322 from inside the U.S. or 703-639-1319 from outside the U.S.

    A replay of the conference call will also be available by calling 855-859-2056 from inside the U.S. or 404-537-3406 from outside the U.S. (access code 8291068). The replay will be available from 7:15 p.m. CST on March 21, 2017, until 10:59 p.m. CST on March 28, 2017.

    About AAR

    AAR is a global aftermarket solutions company that employs more than 4,500 people in over 20 countries. Based in Wood Dale, Illinois, AAR supports commercial aviation and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR's Aviation Services include inventory management; parts supply; OEM parts distribution; aircraft maintenance, repair and overhaul; and component repair. AAR's Expeditionary Services include airlift operations; mobility systems; and command and control centers in support of military and humanitarian missions. More information can be found at www.aarcorp.com.

    This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including those factors discussed under Item 1A, entitled "Risk Factors", included in the Company's Form 10-K for the fiscal year ended May 31, 2016. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company's control. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For additional information, see the comments included in AAR's filings with the Securities and Exchange Commission.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/aar-to-announce-third-quarter-fiscal-year-2017-results-on-march-21-2017-300418651.html

    Photo: http://mma.prnewswire.com/media/183226/aar_logo.jpg AAR CORP.

    CONTACT: Jason Secore, Vice President, Treasurer | (630) 227-2075 |
    jason.secore@aarcorp.com

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




    Honeywell Engines Continue To Power Eagle 407HP Helicopters-Honeywell will deliver 10 new engines to Eagle Copters in 2017 for the Eagle 407HP conversions

    DALLAS, March 6, 2017 /PRNewswire/ -- Honeywell will deliver a total of 10 HTS900 helicopter engines to Eagle Copters Ltd. in 2017. Eagle Copters placed a new order for eight additional engines in January 2017, adding to the two engines from a previous order, which are scheduled for delivery in the second quarter.

    "This order is proof positive that the global helicopter market recognizes the many benefits of replacing the standard engine on the Bell 407 helicopter with the more powerful and reliable Honeywell HTS900," said Rick Buchanan, senior director of retrofit, modifications and upgrades, Honeywell Aerospace. "The HTS900 has a 17 percent reduction in fuel consumption compared with the standard engine and a 22 percent increase in shaft horsepower, making it ideal for lifting heavy loads under hot-and-high flying conditions."

    "Demand for our Eagle 407HP conversions is growing. We have already completed eight conversions, have more in the pipeline, and are in regular conversation with other operators looking to upgrade their fleets either by converting their existing Bell 407 or acquiring a new Eagle 407HP from Eagle Copters," said David "Spyke" Whiting, vice president, Technical Sales, Eagle Copters. "With this new order of Honeywell engines, we'll be ready to meet our customers' needs and deliver a more capable helicopter that can help them accomplish their missions."

    Using design and engineering licensed from Bell Helicopter, Honeywell and Eagle Copters launched the Eagle 407HP program to improve the performance of existing Bell 407 helicopters by replacing the standard engine with the Honeywell HTS900 engine. Under the partnership, Honeywell provides the HTS900 engine and configuration while Eagle Copters provides the aircraft, performs the engine installation, and handles flight-testing and certification. The partnership received a Supplemental Type Certificate from the Federal Aviation Administration and a receipt of Transport Canada certification covering the retrofit program in 2014.

    The Honeywell HTS900 is a new engine design that provides an additional 500 pounds of payload, improved dash speed and 12 percent lower maintenance costs compared with the original Bell 407. These design advantages contribute to a reduced total cost of ownership. New technologies include a dual centrifugal compressor, cooled single-crystal turbine blades, effusion-cooled combustor liner and a dual-channel, full authority digital engine control.

    Supporting Resources

    --  Read more about Eagle Copters
    --  Learn more about HTS900
    --  Read more about Honeywell Aerospace on the Follow The Aero blog
    --  Like Honeywell Aerospace on Facebook
    --  Follow @Honeywell Aero on Twitter
    

    Honeywell (www.honeywell.com) is a Fortune 100 software-industrial company that delivers industry specific solutions that include aerospace and automotive products and services; control technologies for buildings, homes, and industry; and performance materials globally. Our technologies help everything from aircraft, cars, homes and buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/honeywell-engines-continue-to-power-eagle-407hp-helicopters-300418246.html

    Photo: http://mma.prnewswire.com/media/74078/honeywell_logo.jpg Honeywell

    CONTACT: Nicole Stewart, +1 (480) 208-0794, nicole.stewart@honeywell.com

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




    Digital Realty Announces Redemption of 6.625% Series F Preferred Stock

    SAN FRANCISCO, March 6, 2017 /PRNewswire/ -- Digital Realty Trust, Inc. , a leading global provider of data center, colocation and interconnection solutions, announced today that it intends to redeem all 7,300,000 outstanding shares of its 6.625% Series F Cumulative Redeemable Preferred Stock (CUSIP: 253868806). Series F Preferred Stock held through the Depository Trust Company will be redeemed in accordance with the applicable procedures of the Depository Trust Company.

    The redemption date will be April 5, 2017. The Series F Preferred Stock will be redeemed for $25.00 per share, plus all accrued and unpaid dividends up to, but not including, the redemption date in an amount equal to $0.0184 per share, for a total payment of $25.0184 per share (the "Redemption Price"), which will be payable in cash, without interest on the redemption date. After the redemption date, Series F Preferred Stock will no longer be deemed outstanding and all the rights of the holders of Series F Preferred Stock will terminate, except the right to receive the Redemption Price. In addition, because all the issued and outstanding shares of Series F Preferred Stock are being redeemed, the Series F Preferred Stock will no longer trade on the New York Stock Exchange after the redemption date. The Series F Preferred Stock currently trades on the NYSE under the symbol DLR.PRF.

    The notice of redemption and related materials are being mailed to holders of record of Series F Preferred Stock as of March 6, 2017. As specified in the notice of redemption, payment of the applicable redemption price, plus any accrued and unpaid dividends payable on the redemption date, without interest, will be made only upon presentation and surrender of the certificates representing the Series F Preferred Stock to the redemption agent, American Stock Transfer & Trust Company, LLC.

    Questions regarding the redemption of the Series F Preferred Stock may be directed to American Stock Transfer & Trust Company, LLC at:

    American Stock Transfer & Trust Company, LLC
    Operations Center
    6201 15th Avenue
    Brooklyn, NY 11219
    Attention: Reorganization Department
    Tel.: (800) 937-5449

    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 that 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 timing and consummation of the redemption of the Series F Preferred Stock. For a list and description of such risks and uncertainties, see the reports and other filings by Digital Realty Trust, Inc. and Digital Realty Trust, L.P. with the U.S. Securities and Exchange Commission (the "SEC"), including Digital Realty Trust, Inc. and Digital Realty Trust, L.P.'s combined Annual Report on Form 10-K for the year ended December 31, 2016, and other documents subsequently filed by the company with the SEC. 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-announces-redemption-of-6625-series-f-preferred-stock-300417861.html

    Digital Realty Trust, Inc.



    U.S. Auto Parts Reports Fourth Quarter and Full Year 2016 Results

    CARSON, Calif., March 6, 2017 /PRNewswire/ -- U.S. Auto Parts Network, Inc. , one of the largest online providers of aftermarket automotive parts and accessories, reported results for the fourth quarter and fiscal year ended December 31, 2016. All information and data below excludes AutoMD unless specifically noted.

    Fourth Quarter 2016 Highlights vs. Year-Ago Quarter

    --  Net sales up 5% to $71.1 million
    --  Gross profit up 7% to $21.4 million, with gross margin up 50 basis
    points to 30.1%
    --  Ended the quarter with no revolver debt compared to $11.8 million at
    January 2, 2016
    --  Total online orders increased by 14% to 840,000 orders
    --  Conversion rate increased by 10 basis points to 1.9% versus year-ago
    quarter
    

    Full Year 2016 Highlights vs. 2015

    --  Net sales up 4% to $303.3 million
    --  Gross profit up 11% to $92.0 million, with gross margin up 170 basis
    points to 30.3%
    --  Net income increased significantly to $3.0 million or $0.08 per share,
    compared to a net loss of $0.1 million or ($0.01) per share
    --  Adjusted EBITDA increased 40% to $14.0 million
    --  Total online orders increased by 10% to 3,426,000 orders
    

    Management Commentary

    "2016 was highlighted by our renewed focus to drive profitability, which led to our first year of GAAP net income since 2010," said Shane Evangelist, CEO of U.S. Auto Parts. "We also ended the year with no revolver debt for the first time since 2011. These accomplishments were driven by our emphasis on higher-margin private label sales, which continue to grow at a double-digit rate. In fact, the fourth quarter revenue mix of private label sales hit an all-time high at 68%. During the quarter, we also enacted a stock repurchase program, which we believe was a wise utilization of our cash flow.

    "In 2017, we plan to continue executing on our profitability initiatives to remain revolver debt free. We also plan to continue growing private label sales by double-digits and generating strong free cash flow."

    Fourth Quarter 2016 Financial Results

    Net sales in the fourth quarter of 2016 increased 5% to $71.1 million compared to $67.5 million in the year-ago quarter. The increase was largely driven by a 23% increase in online marketplace sales to $19.5 million.

    Gross profit in the fourth quarter of 2016 increased 7% to $21.4 million compared to $20.0 million in the year-ago quarter. As a percentage of net sales, gross profit increased 50 basis points to 30.1% compared to 29.6%. The increase in gross profit margin was primarily driven by a higher mix of private label sales, which was 68% of net sales compared to 63% in the year-ago quarter. The increase was also driven by freight and warehouse supplies savings.

    Total operating expenses in the fourth quarter increased 8% to $21.3 million compared to $19.7 million in the year-ago quarter. As a percentage of net sales, operating expenses increased to 29.9% compared to 29.2% in the year-ago quarter.

    Net loss in the fourth quarter was $195 thousand, or ($0.01) per share, compared to a net loss of $65 thousand, or $0.00 per share in the year-ago quarter.

    Adjusted EBITDA in the fourth quarter of 2016 was $2.5 million, compared to $2.6 million in the same period of 2015.

    At December 31, 2016, cash and cash equivalents totaled $2.7 million compared to $1.5 million at January 2, 2016. The Company also had no revolver debt at December 31, 2016 compared to $11.8 million at January 2, 2016.

    Key Operating Metrics

    Q4 2016 Q4 2015 Q3 2016 ------- ------- ------- Conversion Rate (1) 1.87% 1.78% 1.89% Customer Acquisition Cost (1) $7.64 $7.95 $7.61 Unique Visitors (millions) 1 27.9 27.6 28.4 ---- ---- ---- Number of Orders - E- commerce only (thousands) 521 492 537 Number of Orders - Online Marketplace (thousands) 319 246 309 Total Number of Internet Orders (thousands) 840 738 846 === === === Revenue Capture (% Sales) 2 85.2% 85.8% 84.7% Average Order Value - E- commerce only $99 $106 $103 Average Order Value - Online Marketplace $66 $71 $68 Average Order Value - Total Internet Orders $86 $94 $90

    1. Excludes online marketplaces and media properties (e.g. AutoMD). 2. Revenue capture is the amount of actual dollars retained after taking into consideration returns, credit card declines and product fulfillment and excludes online marketplaces and media properties (e.g. AutoMD).

    Full Year Financial Results

    Net sales in 2016 increased 4% to $303.3 million compared to $290.8 million in 2015.

    Gross profit in 2016 increased 11% to $92.0 million compared to $83.2 million in 2015. As a percentage of net sales, gross profit increased 170 basis points to 30.3% compared to 28.6%.

    Total operating expenses in 2016 increased to $87.8 million compared to $82.0 million in 2015. As a percentage of net sales, operating expenses were 28.9% compared to 28.2%.

    Net income in 2016 increased significantly to $3.0 million, or $0.08 per share, compared to a net loss of $0.1 million, or ($0.01) per share in 2015.

    Adjusted EBITDA in 2016 increased 40% to $14.0 million compared to $10.0 million in 2015. As a percentage of net sales, adjusted EBITDA increased 120 basis points to 4.6% compared to 3.4%.

    2017 Outlook

    U.S. Auto Parts continues to expect net sales to be up low to mid-single digits on a percentage basis compared to 2016, and net income to range between $4.8 million and $7.8 million, reflecting an increase of 50% to 150% from 2016. The company also expects adjusted EBITDA to range between $15.0 and $18.0 million, reflecting a 5% to 25% increase from the prior year.

    Conference Call

    U.S. Auto Parts will conduct a conference call today at 5:00 p.m. Eastern time (2:00 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2016.

    The company's CEO Shane Evangelist and CFO Neil Watanabe will host the conference call, followed by a question and answer period.

    Date: Monday, March 6, 2017
    Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)
    Toll-free dial-in number: 877-407-9039
    International dial-in number: 201-689-8470
    Conference ID: 13652459

    Please call the conference telephone number 5-10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Liolios at 1-949-574-3860.

    The conference call will be broadcast live and available for replay via the investor relations section of the company's website at www.usautoparts.net.

    A telephone replay of the conference call will also be available on the same day through March 20, 2017.

    Toll-free replay number: 844-512-2921
    International replay number: 412-317-6671
    Replay ID: 13652459

    About U.S. Auto Parts Network, Inc.

    Established in 1995, U.S. Auto Parts is a leading online provider of automotive aftermarket parts, including collision, engine, and performance parts and accessories. Through the Company's network of websites, U.S. Auto Parts provides individual consumers with a broad selection of competitively priced products, all mapped by a proprietary database with applications based on vehicle makes, models and years. U.S. Auto Parts' flagship websites include www.autopartswarehouse.com, www.carparts.com, www.jcwhitney.com, and www.AutoMD.com as well as the Company's corporate website at www.usautoparts.net. U.S. Auto Parts is headquartered in Carson, California.

    Non-GAAP Financial Measures

    Regulation G, and other provisions of the Securities Exchange Act of 1934, as amended, define and prescribe the conditions for use of certain non-GAAP financial information. We provide "Adjusted EBITDA," which is a non-GAAP financial measure. Adjusted EBITDA consists of net income before (a) interest expense, net; (b) income tax provision; (c) depreciation and amortization expense; (d) amortization of intangible assets; and (e) share-based compensation expense.

    The Company believes that this non-GAAP financial measure provides important supplemental information to management and investors. This non-GAAP financial measures reflect an additional way of viewing aspects of the Company's operations that, when viewed with the GAAP results and the accompanying reconciliation to corresponding GAAP financial measures, provides a more complete understanding of factors and trends affecting the Company's business and results of operations.

    Management uses Adjusted EBITDA as one measure of the Company's operating performance because it assists in comparing the Company's operating performance on a consistent basis by removing the impact of stock compensation expense, as well as items that are not expected to be recurring. Internally, this non-GAAP measure is also used by management for planning purposes, including the preparation of internal budgets; for allocating resources to enhance financial performance; and for evaluating the effectiveness of operational strategies. The Company also believes that analysts and investors use Adjusted EBITDA as a supplemental measure to evaluate the ongoing operations of companies in our industry.

    This non-GAAP financial measure is used in addition to and in conjunction with results presented in accordance with GAAP and should not be relied upon to the exclusion of GAAP financial measures. Management strongly encourages investors to review the Company's consolidated financial statements in their entirety and to not rely on any single financial measure. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies' non-GAAP financial measures having the same or similar names. In addition, the Company expects to continue to incur expenses similar to the non-GAAP adjustments described above, and exclusion of these items from the Company's non-GAAP measures should not be construed as an inference that these costs are unusual, infrequent or non-recurring.

    Safe Harbor Statement

    This press release contains statements which are based on management's current expectations, estimates and projections about the Company's business and its industry, as well as certain assumptions made by the Company. These statements are forward looking statements for the purposes of the safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended and Section 27A of the Securities Act of 1933, as amended. Words such as "anticipates," "could," "expects," "intends," "plans," "potential," "believes," "predicts," "projects," "seeks," "estimates," "may," "will," "would," "will likely continue" and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, the Company's expectations regarding its future operating results and financial condition, impact of changes in our key operating metrics, our potential growth and our liquidity requirements. We undertake no obligation to revise or update publicly any forward-looking statements for any reason. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.

    Important factors that may cause such a difference include, but are not limited to, competitive pressures, our dependence on search engines to attract customers, demand for the Company's products, the online market for aftermarket auto parts, the economy in general, increases in commodity and component pricing that would increase the Company's product costs, the operating restrictions in our credit agreement, the weather, and any other factors discussed in the Company's filings with the Securities and Exchange Commission (the "SEC"), including the Risk Factors contained in the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available at www.usautoparts.net and the SEC's website at www.sec.gov. You are urged to consider these factors carefully in evaluating the forward-looking statements in this release and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. Unless otherwise required by law, the Company expressly disclaims any obligation to update publicly any forward-looking statements, whether as result of new information, future events or otherwise.

    Company Contacts:

    Neil T. Watanabe, Chief Financial Officer
    U.S. Auto Parts Network, Inc.
    (424) 702-1455 x421
    nwatanabe@usautoparts.com

    Investor Relations:

    Cody Slach or Sean Mansouri
    Liolios
    949-574-3860
    PRTS@liolios.com

    Summarized segment information for our continuing operations from the two reportable segments for the periods presented is as follows (in millions): Thirteen Weeks Ended December 31, 2016 Thirteen Weeks Ended January 2, 2016 Base USAP AMD Consol Base USAP AMD Consol --------- --- ------ --------- --- ------ Net sales $71.13 $0.07 $71.20 $67.52 $0.07 $67.59 Gross profit $21.44 $0.08 $21.52 $19.98 $0.07 $20.05 ------ ----- ------ ------ ----- ------ 30.1% 114.3% 30.2% 29.6% 100.0% 29.7% ---- ----- ---- ---- ----- ---- Operating expenses $21.30 $1.80 $23.10 $19.72 $1.03 $20.75 ------ ----- ------ ------ ----- ------ 29.9% - % 32.4% 29.2% - % 30.7% ---- --- --- ---- ---- --- --- ---- Income (loss) from operations $0.15 $(1.72) $(1.57) $0.26 $(0.96) $(0.71) ----- ------ ------ ----- ------ ------ 0.2% - % (2.2)% 0.4% - % (1.1)% --- --- --- ----- --- --- --- ----- Net income (loss) $(0.20) $(1.72) $(1.91) $(0.07) $(0.73) $(0.80) ------ ------ ------ ------ ------ ------ (0.3)% - % (2.7)% (0.1)% - % (1.2)% ----- --- --- ----- ----- --- --- ----- Adjusted EBITDA $2.53 $(0.27) $2.26 $2.60 $(0.60) $2.00 ----- ------ ----- ----- ------ ----- 3.6% - % 3.2% 3.9% - % 3.0% --- --- --- --- --- --- --- --- Fifty-two Weeks Ended December 31, 2016 Fifty-two Weeks Ended January 2, 2016 Base USAP AMD Consol Base USAP AMD Consol --------- --- ------ --------- --- ------ Net sales $303.32 $0.25 $303.57 $290.83 $0.26 $291.09 Gross profit $92.05 $0.24 $92.28 $83.18 $0.26 $83.43 ------ ----- ------ ------ ----- ------ 30.3% 96.0% 30.4% 28.6% 100.0% 28.7% ---- ---- ---- ---- ----- ---- Operating expenses $87.78 $4.11 $91.89 $82.04 $3.45 $85.49 ------ ----- ------ ------ ----- ------ 28.9% - % 30.3% 28.2% - % 29.4% ---- --- --- ---- ---- --- --- ---- Income (loss) from operations $4.27 $(3.88) $0.39 $1.13 $(3.19) $(2.06) ----- ------ ----- ----- ------ ------ 1.4% - % 0.1% 0.4% - % (0.7)% --- --- --- --- --- --- --- ----- Net income (loss) $2.97 $(3.58) $(0.60) $(0.14) $(2.29) $(2.42) ----- ------ ------ ------ ------ ------ 1.0% - % (0.2)% - % - % (0.8)% --- --- --- ----- --- --- --- --- ----- Adjusted EBITDA $14.02 $(1.35) $12.67 $10.03 $(1.66) $8.37 ------ ------ ------ ------ ------ ----- 4.6% - % 4.2% 3.4% - % 2.9% --- --- --- --- --- --- --- ---

    The tables below reconciles net loss to Adjusted EBITDA for the periods presented (in thousands): Thirteen Weeks Ended Thirteen Weeks Ended -------------------- -------------------- December 31, 2016 January 2, 2016 Base USAP AMD Consolidated Base USAP AMD Consolidated --------- --- ------------ --------- --- ------------ Net loss $(195) $(1,719) $(1,914) $(65) $(733) $(798) Depreciation & amortization 1,640 269 1,909 1,570 322 1,892 Amortization of intangible assets 113 8 121 110 9 119 Interest expense, net 344 - 344 300 - 300 Taxes 13 - 13 21 (230) (209) EBITDA $1,915 $(1,442) $473 $1,936 $(632) $1,304 ====== ======= ==== ====== ===== ====== Stock comp expense $611 $45 $656 $659 $34 $693 Impairment loss on intangible assets - 1,130 1,130 - - - --- ----- ----- --- --- --- Adjusted EBITDA $2,526 $(267) $2,259 $2,595 $(598) $1,997 ====== ===== ====== ====== ===== ====== Year Ended December 31, 2016 January 2, 2016 Base USAP AMD Consolidated Base USAP AMD Consolidated --------- --- ------------ --------- --- ------------ Net income (loss) $2,973 $(3,576) $(603) $(136) $(2,288) $(2,424) Depreciation & amortization 6,351 1,159 7,510 6,141 1,369 7,510 Amortization of intangible assets 449 33 482 431 33 464 Interest expense, net 1,219 - 1,219 1,208 - 1,208 Taxes 100 (299) (199) 88 (899) (811) EBITDA $11,092 $(2,683) $8,409 $7,732 $(1,785) $5,947 ======= ======= ====== ====== ======= ====== Stock comp expense $2,932 $199 $3,131 $2,297 $122 $2,419 Impairment loss on intangible assets - 1,130 1,130 - - - --- ----- ----- --- --- --- Adjusted EBITDA $14,024 $(1,354) $12,670 $10,029 $(1,663) $8,366 ======= ======= ======= ======= ======= ======

    The table below represents our earnings per share by segment (in thousands, except for per share data): Thirteen Weeks Ended December 31, 2016 January 2, 2016 Base USAP AMD(1) Consolidated Base USAP AMD(1) Consolidated --------- ----- ------------ --------- ----- ------------ Net income (loss) per share: Numerator: Net income (loss) $(195) $(1,158) $(1,353) $(65) $(389) $(454) Dividends on Series A Convertible Preferred Stock 61 - 61 61 - 61 --- --- Net income (loss) available to common shares $(256) $(1,158) $(1,414) $(126) $(389) $(515) ===== ======= ======= ===== ===== ===== Denominator: Weighted-average common shares outstanding (basic) 34,878 - 34,878 34,084 - 34,084 Common equivalent shares from common stock options, preferred stock and warrants - - - - - - Weighted-average common shares outstanding (diluted) 34,878 - 34,878 34,084 - 34,084 ====== === ====== ====== === ====== Basic net income (loss) per share $(0.01) $ - $(0.04) $ - $ - $(0.02) Diluted net income (loss) per share $(0.01) $ - $(0.04) $ - $ - $(0.02) 1 Excludes loss attributable to noncontrolling interests. Fifty-Two Weeks Ended December 31, 2016 January 2, 2016 --------------- Base USAP AMD(1) Consolidated Base USAP AMD(1) Consolidated --------- ----- ------------ --------- ----- ------------ Net income (loss) per share: Numerator: Net income (loss) $2,973 $(2,242) $731 $(136) $(1,145) $(1,281) Dividends on Series A Convertible Preferred Stock 241 - 241 241 - 241 --- --- Net income (loss) available to common shares $2,732 $(2,242) $490 $(377) $(1,145) $(1,522) ====== ======= ==== ===== ======= ======= Denominator: Weighted-average common shares outstanding (basic) 34,765 - 34,765 33,946 - 33,946 Common equivalent shares from common stock options, preferred stock and warrants 1,442 - 1,442 - - - Weighted-average common shares outstanding (diluted) 36,207 - 36,207 33,946 - 33,946 ====== === ====== ====== === ====== Basic net income (loss) per share $0.08 $ - $0.01 $(0.01) $ - $(0.04) Diluted net income (loss) per share $0.08 $ - $0.01 $(0.01) $ - $(0.04)

    1 Excludes loss attributable to noncontrolling interests.

    The table below reconciles the high and low ends of our projected range of net loss to projected Adjusted EBITDA for the periods presented (in thousands): Low End High End 52 Weeks Ending 52 Weeks Ending December 30, 2017 December 30, 2017 ----------------- ------------- Net income (loss) $4,800 $7,800 Depreciation & amortization 6,700 6,700 Amortization of intangible assets 428 428 Interest expense, net 1,176 1,176 Taxes 274 274 EBITDA $13,378 $16,378 ======= ======= Stock comp expense $1,622 $1,622 Adjusted EBITDA $15,000 $18,000 ======= =======

    U.S. AUTO PARTS NETWORK, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE OPERATIONS (Unaudited, in Thousands, Except Per Share Data) Thirteen Weeks Ended Year Ended December 31, 2016 January 2, 2016 December 31, 2016 January 2, 2016 ------------- --------------- ----------------- --------------- Net sales $71,195 $67,593 $303,571 $291,091 Cost of sales (1) 49,673 47,547 211,289 207,657 ------ ------ ------- ------- Gross profit 21,522 20,046 92,282 83,434 ------ ------ ------ ------ Operating expenses: Marketing 10,231 10,595 43,555 43,279 General and administrative 4,362 3,552 17,907 16,509 Fulfillment 5,683 5,318 22,975 20,237 Technology 1,568 1,170 5,843 5,000 Amortization of intangible assets 121 119 482 464 Impairment loss on intangible assets 1,130 - 1,130 - ----- --- ----- --- Total operating expenses 23,095 20,754 91,892 85,489 ------ ------ ------ ------ Loss from operations (1,573) (708) 390 (2,055) ------ ---- --- ------ Other income (expense): Other income, net 21 (5) 46 36 Interest expense (349) (294) (1,238) (1,216) ---- ---- ------ ------ Total other expense, net (328) (299) (1,192) (1,180) ---- ---- ------ ------ Loss before income taxes (1,901) (1,007) (802) (3,235) Income tax (benefit) provision 13 (209) (199) (811) --- ---- ---- ---- Net loss including noncontrolling interests (1,914) (798) (603) (2,424) ------ ---- ---- ------ Net loss attributable to noncontrolling interests (561) (344) (1,334) (1,143) ---- ---- ------ ------ Net income (loss) attributable to U.S. Auto Parts (1,353) (454) 731 (1,281) Other comprehensive loss attributable to U.S. Auto Parts, net of tax: Foreign currency translation adjustments 38 86 9 36 Actuarial gain (loss) on defined benefit plan 110 44 110 44 Unrealized loss on investments (2) - (2) - --- --- --- --- Total other comprehensive loss attributable to U.S. Auto Parts 146 130 117 80 --- --- --- --- Comprehensive loss attributable to U.S. Auto Parts $(1,207) $(324) $848 $(1,201) ======= ===== ==== ======= Net income (loss) attributable to U.S. Auto Parts per share: Basic net (loss) income per share $(0.04) $(0.01) $0.01 $(0.04) Diluted net (loss) income per share $(0.04) $(0.01) $0.01 $(0.04) Weighted average common shares outstanding: Shares used in the computation of basic earnings per share 34,878 34,084 34,765 33,946 Shares used in the computation of diluted earnings per share 34,878 34,084 36,207 33,946

    (1) Excludes depreciation and amortization expense which is included in marketing, general and administrative and fulfillment expense.

    U.S. AUTO PARTS NETWORK, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited, In Thousands, Except Par and Liquidation Value) December 31, 2016 January 2, 2016 ----------------- --------------- ASSETS Current assets: Cash and cash equivalents $6,643 $5,537 Short-term investments 30 65 Accounts receivable, net of allowances of $36 and $17 at December 31, 2016 and January 2, 2016, respectively 3,266 3,236 Inventory 50,904 51,216 Other current assets 2,815 2,475 ----- ----- Total current assets 63,658 62,529 Property and equipment, net 16,478 18,431 Intangible assets, net 969 1,476 Other non-current assets 1,029 1,320 ----- ----- Total assets $82,134 $83,756 ======= ======= LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $33,697 $25,523 Accrued expenses 6,860 7,267 Revolving loan payable - 11,759 Current portion of capital leases payable 542 521 Customer deposits 3,718 2,578 Other current liabilities 1,972 1,276 ----- ----- Total current liabilities 46,789 48,924 Capital leases payable, net of current portion 9,770 10,168 Deferred income taxes 156 944 Other non-current liabilities 2,097 1,577 ----- ----- Total liabilities 58,812 61,613 ------ ------ Commitments and contingencies Stockholders' equity: Series A convertible preferred stock, $0.001 par value; $1.45 per share liquidation value or aggregate of $6,017; 4,150 shares authorized; 4,150 and 4,150 shares issued and outstanding at December 31, 2016 and January 2, 2016, respectively 4 4 Common stock, $0.001 par value; 100,000 shares authorized; 35,068 and 34,137 shares issued and outstanding at December 31, 2016 and January 2, 2016, respectively (445 of which are treasury stock) 35 34 Treasury stock (1,376) - Additional paid-in capital 180,153 176,873 Accumulated other comprehensive income 557 440 Accumulated deficit (156,520) (157,011) -------- -------- Total stockholders' equity 22,853 20,340 Noncontrolling interest 469 1,803 --- ----- Total equity 23,322 22,143 ------ ------ Total liabilities and stockholders' equity $82,134 $83,756 ======= =======

    U.S. AUTO PARTS NETWORK, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited, In Thousands) Year Ended December 31, 2016 January 2, 2016 ----------------- --------------- Operating activities Net loss including noncontrolling interests $(603) $(2,424) Adjustments to reconcile net loss to net cash (used in) provided by operating activities: Depreciation and amortization expense 7,510 7,510 Amortization of intangible assets 482 464 Deferred income taxes (838) (906) Share-based compensation expense 3,131 2,419 Stock awards issued for non-employee director service 9 2 Impairment loss on intangible assets 1,130 - Amortization of deferred financing costs 70 82 Gain from disposition of assets - (13) Changes in operating assets and liabilities: Accounts receivable (30) 568 Inventory 312 (2,854) Other current assets (255) 262 Other non-current assets 203 225 Accounts payable and accrued expenses 7,906 119 Other current liabilities 1,775 475 Other non-current liabilities 769 (184) Net cash provided by operating activities 21,571 5,745 ------ ----- Investing activities Additions to property and equipment (6,353) (7,780) Proceeds from sale of property and equipment - 13 Cash paid for intangibles (125) (25) Proceeds from sale of marketable securities and investments 1 - Net cash used in investing activities (6,477) (7,792) ------ ------ Financing activities Proceeds from revolving loan payable 13,726 15,637 Payments made on revolving loan payable (25,485) (14,900) Payments on capital leases (587) (438) Treasury stock purchases (1,387) - Statutory tax withholding payment for share-based compensation (969) (438) Proceeds from exercise of stock options 909 134 Payment of liabilities related to financing activities (100) (100) Preferred stock dividends paid (61) - --- --- Net cash (used in) provided by financing activities (13,954) (105) Effect of exchange rate changes on cash (34) 36 --- --- Net change in cash and cash equivalents 1,106 (2,116) Cash and cash equivalents, beginning of period $5,537 $7,653 Cash and cash equivalents, end of period 6,643 5,537 ===== ===== Supplemental disclosure of non-cash investing and financing activities: Accrued asset purchases $744 $708 Accrued intangible asset purchases $ - $125 Property acquired under capital lease $211 $1,588 Preferred stock dividends declared and not paid $60 $ - Unrealized loss on investments $(2) $ - Supplemental disclosure of cash flow information: Cash paid during the period for income taxes $89 $104 Cash paid during the period for interest $1,077 $1,145

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-auto-parts-reports-fourth-quarter-and-full-year-2016-results-300418631.html

    U.S. Auto Parts Network, Inc.

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




    UniPixel To Present at 29th Annual ROTH ConferenceCompany will present at 1:00 pm ET / 10 am PT on Monday, March 13, 2017

    SANTA CLARA, Calif., March 6, 2017 /PRNewswire/ -- UniPixel, Inc. , a provider of advanced touch solutions to the touchscreen and flexible electronics markets, announced today that it will be presenting at the 29th Annual ROTH Capital Conference on Monday, March 13, 2017.

    The Company's presentation, to be delivered by President and Chief Executive Officer Jeff Hawthorne and Chief Financial Officer Christine Russell, is scheduled for 10:00 am Pacific Daylight Time in ORANGE - Salon 4. The Conference will be held at the Ritz Carlton in Dana Point, California from March 12 - 15, 2017.

    The presentation will be webcast and can be accessed at the following link: http://wsw.com/webcast/roth31/unxl

    Mr. Hawthorne and Ms. Russell will be available for one-on-one meetings during the Conference. Investors interested in arranging a meeting with management should contact their ROTH representative at (800) 933-6830.

    About the 29th Annual ROTH Conference
    ROTH Conferences are among the largest in the nation for small-cap companies. The Conferences combine company presentations, Q&A sessions and management one-on-one meetings.

    The 29th Annual ROTH Conference will include presentations by close to 500 participating growth companies across a variety of sectors, including business services, clean tech & solar, consumer and retail, industrial growth, healthcare, resources, retail & e-commerce, and technology and media.

    About UniPixel
    UniPixel, Inc. develops and markets high performance metal mesh capacitive touch sensors to the touchscreen and flexible display markets. The Company's roll-to-roll electronics manufacturing process patterns fine line conductive elements on thin films. The company markets its technologies for touch panel sensor, cover glass replacement, and protective cover film applications under the XTouch(TM) and Diamond Guard(TM) brands. For additional information, visit www.unipixel.com.

    Forward-Looking Statements
    All statements in this news release that are not based on historical fact are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements contain words such as "will," and "expect," or the negative thereof or comparable terminology. These statements are based on management's current expectations. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of UniPixel's control, that could cause actual results to materially differ from such statements. These risks, uncertainties, and other factors include, but are not limited to, the ability to extend product offerings into and compete successfully in new areas or products, the ability to compete in our currents markets, the ability to commercialize licensed technology, unexpected occurrences that deter the "bring to market" plan for products, trends and fluctuations in the industry, changes in demand and purchasing volume of customers, our ability to attract and retain qualified personnel, our ability to raise additional capital, our ability to move product sales to production levels, the success of our product sales in new markets or of recently produced product offerings, the ability to enforce our intellectual property rights and those set forth under Item 1A "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2015 and other current and periodic reports filed or furnished from time to time with the SEC. All forward-looking statements in this press release are made as of the date hereof, based on information available to UniPixel as of the date hereof, and UniPixel assumes no obligation to update any forward-looking statement.

    Contact:
    Joe Diaz, Robert Blum, Joe Dorame
    Lytham Partners, LLC
    602-889-9700
    unxl@lythampartners.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/unipixel-to-present-at-29th-annual-roth-conference-300418577.html

    UniPixel, Inc.

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




    EnSync(R) Energy to Present at 29th Annual ROTH ConferenceCompany will present at 9:30 a.m. PT on Monday, March 13, 2017

    MILWAUKEE, March 6, 2017 /PRNewswire/ -- EnSync((R)), Inc. , dba EnSync Energy Systems, a leading developer of innovative distributed energy resource (DER) systems and internet of energy (IOE) control platforms for the utility, commercial, industrial and multi-tenant building markets, today announced that it will be presenting at the 29(th) Annual ROTH Conference on Monday, March 13, 2017.

    The Company's presentation, to be delivered by Chief Executive Officer Brad Hansen and Chief Administrative Officer Fred Vaske, is scheduled for 9:30 a.m. Pacific Daylight Time in GREEN - Salon 3. The Conference will be held at the Ritz Carlton in Dana Point, California from March 12-15, 2017.

    A copy of the presentation will be available on the investor relations portion of the company's website at ensync.investorroom.com.

    Mr. Hansen and Mr. Vaske will be available for one-on-one meetings at the conference with investors on Monday, March 13, 2017. Investors interested in arranging one-on-one meetings should contact your ROTH representative at (800) 933-6830. Conversely, you may also call Lytham Partners at (602) 889-9700.

    About the 29th Annual ROTH Conference

    ROTH Conferences are among the largest in the nation for small-cap companies. The Conferences combine company presentations, Q&A sessions and management one-on one meetings.

    The 29th Annual ROTH Conference will include presentations by close to 500 participating growth companies across a variety of sectors, including business services, clean tech & solar, consumer and retail, industrial growth, healthcare, resources, retail & e-commerce, and technology and media.

    About EnSync((R)) Energy Systems

    EnSync((R)), Inc. , dba EnSync((R)) Energy Systems, is creating the future of electricity with innovative distributed energy resource (DER) systems and internet of energy (IOE) control platforms. EnSync Energy ensures the most cost-effective and resilient electricity, delivered from an electrical infrastructure that prioritizes the use of all available resources, such as renewables, energy storage and the utility grid. As project developer, EnSync Energy's distinctive engagement methodology encompasses load analysis, system design consulting, and technical and financial modeling to ensure energy systems are sized and optimized to meet our customers' objectives for value and performance. Proprietary direct current (DC) power control hardware, energy management software, and extensive experience with numerous energy storage technologies uniquely positions EnSync Energy to deliver fully integrated systems that provide for efficient design, procurement, commissioning, and ongoing operation. EnSync Energy's IOE control platform adapts easily to ever-changing generation and load variables, as well as changes in utility prices and programs, ensuring the means to make or save money behind-the-meter, while concurrently providing utilities the opportunity to use DERs for an array of grid enhancing services. In addition to direct system sales, EnSync Energy includes power purchase agreements (PPAs) in its portfolio of offerings, which enables electricity savings for customers and provides a stable financial yield for investors. EnSync Energy is a global corporation, with joint venture Meineng Energy in AnHui, China, and energy project development subsidiary Holu Energy LLC in Hawaii, and DCfusion LLC, a power system engineering and design, consultancy and policy firm. For more information, visit www.ensync.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the "safe harbor" created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as "believe," "expect," "may," "will," "should," "could," "seek," "intend," "plan," "estimate," "anticipate" or other comparable terms. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Examples of forward-looking statements include, among others, statements we make regarding our supply agreement with SPI Solar, Inc., expected future operating results, expectations concerning our PPA strategy, the anticipated results of our product development efforts and other expectations regarding our business strategy. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the risks and uncertainties described in the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our most recent Annual Report on Form 10-K and our subsequently filed Quarterly Report(s) on Form 10-Q. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations Contact:
    Lytham Partners, LLC
    Robert Blum, Joseph Diaz, or Joe Dorame
    (602) 889-9700

    EnSync Media Contact:
    Michelle Montague
    mmontague@ensync.com
    (262) 735-5676

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ensync-energy-to-present-at-29th-annual-roth-conference-300418543.html

    EnSync, Inc.

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




    Pure Storage to Hold Investor Discussion Hosted by Stifel

    MOUNTAIN VIEW, Calif., March 6, 2017 /PRNewswire/ -- Pure Storage today announced that CEO Scott Dietzen, President David Hatfield, Vice President of Products Matt Kixmoeller, and Engineering Director Brian Gold will participate in a Q&A on an investor call on March 9, 2017 hosted by Aaron Rakers, Stifel IT Hardware Analyst. The call will begin at 11:00 am EST/8:00 am PST.

    During the webcast, they will discuss Pure's long-term vision as the next-generation data platform for the cloud era. The team will also discuss how Pure is uniquely positioned to build a fast and cloud capable data storage platform to help customers put data to work.

    No financial information will be discussed or shared during this call.

    To Listen via Telephone: 1-888-267-2848 (US) or 1-973-413-6103 (international) with passcode 304258.

    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.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pure-storage-to-hold-investor-discussion-hosted-by-stifel-300418595.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/




    Cision and LiveRamp Partner to Leverage Identity in Earned MediaPartnership will enable deeper audience targeting and measurement for earned media campaigns

    CHICAGO, March 6, 2017 /PRNewswire/ -- Cision and LiveRamp(TM), an Acxiom(R) company and leading provider of omnichannel identity resolution, today announced a partnership that fundamentally shifts the analytics, targeting, and attribution that communicators are able to apply to earned media and communications.

    By pairing LiveRamp's identity resolution service with the capabilities of the Cision Communications Cloud(TM), including the Cision ID, communications and marketing professionals will be able to identify the audiences that are digesting earned media, allowing them to analyze key audience insights such as consumer or business attributes, as well as key behavioral, sentiment, and intent data. This data will give organizations a clearer picture of the net measurable business impact of their earned media activities, while also allowing communicators to adapt strategies based on insights. Together, these capabilities help communicators deliver more relevant and higher quality experiences for audiences.

    LiveRamp's IdentityLink(TM) solution allows marketers to create an omnichannel view of the consumer, resolving first-, second-, and third-party data to a privacy-complaint identifier that can then be activated in the Cision platform as part of people-based marketing initiatives.

    "Earned media, including marketing communications and core PR, suffer from a lack of adequate measurement, as brands are unable to accurately capture who is viewing their content and their behaviors after they view it," said Cision CEO Kevin Akeroyd. "As a leader in influencer identification, relevant content distribution to those influencers, and measurement of the impact on their followers and consumers, Cision is committed to providing data-driven insights to support communication strategies and properly attribute value to these mission-critical components of the marketing mix."

    "Brands invest tremendous resources, energy, and reputation on their earned media strategy. The ability to accurately engage and measure results is breakthrough," said Travis May, LiveRamp president and general manager. "We're delighted to see a company like Cision leveraging IdentityLink to solve this problem."

    Organizations using this functionality will be empowered to:

    --  Measure the granular audience data of those who engage with earned
    media, allowing much more effective engagement influencers and consumers
    based on how they drive tangible business impact accordingly, via the
    Cision Influencer Graph
    --  Identify earned media reach, engagement, and attribution by leveraging
    LiveRamp IdentityLink identity resolution with Cision IDs
    --  Resolve first-party data and append third-party data to audience
    portraits to allow much greater audience development, activation, and
    cross-channel, cross-device content distribution
    

    "Our partnership with LiveRamp allows us to extend audience identities from earned content to digital marketing platforms," Akeroyd continued. "In doing so, Cision clients will have more accurate tracking and targeting that they can use to coordinate across paid, owned and earned channels."

    Cision clients interested in more information on this functionality should contact their account representatives. To learn more about the Cision Communications Cloud(TM), click here.

    About Cision:
    Cision is a leading media communication technology and analytics company that enables marketers and communicators to effectively manage their earned media programs in coordination with paid and owned channels to drive business impact. As the creator of the Cision Communication Cloud((TM)), the first-of-its-kind earned media cloud-based platform, Cision has combined cutting-edge data, analytics, technology and services into a unified communication ecosystem that brands can use to build consistent, meaningful and enduring relationships with influencers and buyers in order to amplify their marketplace influence. Cision solutions also include market-leading media technologies such as PR Newswire, Gorkana, PRWeb, Help a Reporter Out (HARO) and iContact. Headquartered in Chicago, Cision serves over 100,000 customers in 170 countries and 40 languages worldwide, and maintains offices in North America, Europe, the Middle East, Asia, Latin America and Australia. For more information, visit www.cision.com or follow @Cision on Twitter.

    About LiveRamp:
    LiveRamp offers brands and the companies they work with identity resolution that is integrated throughout the digital ecosystem, and provides the foundation for omnichannel marketing. Our services transform the technology platforms used by our clients into people-based marketing channels that improve the relevancy of marketing, and ultimately allow consumers to better connect with the brands and products they love. LiveRamp is an Acxiom company, delivering privacy-safe solutions to market and honoring the best practices of leading associations including the Digital Advertising Alliance's (DAA) ICON and App Choices programs. For more information, visit http://www.LiveRamp.com.

    Contact:
    Stacey Miller for Cision
    Director, Communications
    (301) 683-6038
    stacey.miller@cision.com

    Alyssa Niemiec for LiveRamp
    Associate Director, Havas Formula
    (619) 234-0345
    liveramp@havasformula.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cision-and-liveramp-partner-to-leverage-identity-in-earned-media-300418665.html

    Photo: http://mma.prnewswire.com/media/475138/Cision_LiveRamp_Partnership.jpg
    http://mma.prnewswire.com/media/467136/cision_logo.jpg Cision

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




    Optical Cable Corporation Schedules Conference Call To Discuss First Quarter Of Fiscal Year 2017 Results

    ROANOKE, Va., March 6, 2017 /PRNewswire/ -- Optical Cable Corporation ("OCC((R))") today announced that it will release its first quarter of fiscal year 2017 results on Wednesday, March 8, 2017. The first quarter results are for the three-month period ended January 31, 2017. The Company will also host a conference call on Wednesday, March 8, 2017 at 10:00 a.m. Eastern Time.

    Individuals wishing to participate in the conference call should call (866) 610-1072 in the U.S. or (973) 935-2840 internationally, passcode 81945676. For interested individuals unable to join the call, a replay will be available through March 15, 2017 by dialing (855) 859-2056 or (404) 537-3406, passcode 81945676. The call will also be broadcast live over the Internet and can be accessed by visiting the investor relations section of the Company's website at www.occfiber.com.

    As in the past, OCC will answer questions from analysts and fund investors during the conference call. OCC also invites individual investors to submit questions in advance of the conference call. Questions should be submitted in writing to occ-jfwbk@joelefrank.com by 9:00 a.m. Eastern Time on Wednesday, March 8, 2017.

    Company Information

    Optical Cable Corporation ("OCC((R))") is a leading manufacturer of a broad range of fiber optic and copper data communication cabling and connectivity solutions primarily for the enterprise market (or non-carrier market), offering an integrated suite of high quality products which operate as a system solution or seamlessly integrate with other providers' offerings. OCC's product offerings include designs for uses ranging from commercial, enterprise network, datacenter, residential and campus installations to customized products for specialty applications and harsh environments, including military, industrial, mining, petrochemical, wireless carrier and broadcast applications. OCC products include fiber optic and copper cabling, fiber optic and copper connectors, specialty fiber optic and copper connectors, fiber optic and copper patch cords, pre-terminated fiber optic and copper cable assemblies, racks, cabinets, datacom enclosures, fiber optic and copper patch panels, face plates, multi-media boxes, fiber optic reels and accessories and other cable and connectivity management accessories. OCC products are designed to meet the most demanding needs of end-users, delivering a high degree of reliability and outstanding performance characteristics.

    OCC((R)) is internationally recognized for pioneering the design and production of fiber optic cables for the most demanding military field applications, as well as of fiber optic cables suitable for both indoor and outdoor use, and creating a broad product offering built on the evolution of these fundamental technologies. OCC also is internationally recognized for its role in establishing copper connectivity data communications standards, through its innovative and patented technologies.

    Founded in 1983, OCC is headquartered in Roanoke, Virginia with offices, manufacturing and warehouse facilities located in each of Roanoke, Virginia, near Asheville, North Carolina and near Dallas, Texas. OCC's facilities are ISO 9001:2008 registered and OCC's Roanoke and Dallas facilities are MIL-STD-790F certified.

    Optical Cable Corporation, OCC((R)), Procyon((R)), Procyon Blade(TM), Superior Modular Products, SMP Data Communications, Applied Optical Systems, and associated logos are trademarks of Optical Cable Corporation.

    Further information about OCC((R)) is available at www.occfiber.com.

    AT THE COMPANY: --------------- Neil Wilkin Tracy Smith Chairman, President & CEO Senior Vice President & CFO (540) 265-0690 (540) 265-0690 investorrelations@occfiber.com investorrelations@occfiber.com AT JOELE FRANK, WILKINSON BRIMMER KATCHER: ------------------------------------------ Andrew Siegel Aaron Palash (212) 355-4449 ext. 127 (212) 355-4449 ext. 103 occ-jfwbk@joelefrank.com occ-jfwbk@joelefrank.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/optical-cable-corporation-schedules-conference-call-to-discuss-first-quarter-of-fiscal-year-2017-results-300418674.html

    Optical Cable Corporation

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




    Efficient Multichannel Management Could Increase Online Sales by 20% According to Report Sponsored by Atento- According to the report, eCommerce Evolution and Prospects in Spain 2017, 70% of eCommerce businesses choose multichannel sales- The study is based on a survey of over 20,000 Spanish online businesses- 56% of online businesses surveyed use customer satisfaction tools

    MADRID, March 6, 2017 /PRNewswire/ -- Atento S.A. , the leading provider of customer relationship management and business process outsourcing services (CRM/BPO) in Latin America, and one of the three top providers worldwide, has sponsored the eCommerce Evolution and Prospects in Spain 2017 report, which identifies the use of multiple channels as one of the main trends in electronic commerce in Spain. According to the conclusions of the study performed by the Observatorio eCommerce and EY, 70% of online businesses opt for multichannel sales and state that efficient multichannel management allows them to increase sales by between 15% and 20%, a trend which is on the rise in 2017.

    Additionally, the report reveals an increase of six percentage points compared to 2015 in the number of online businesses that use customer satisfaction tools. Over half of the businesses surveyed, 56%, already have this type of tool to establish channels of direct contact with their customers, which allows them to obtain direct feedback on the purchase processes and helps create a better customer experience. The report also noted the importance of the value of emotions in interactions with the customer, and how humanizing these channels is going to continue to be essential in the future, beyond the sophistication of new technological tools that enable companies to provide customer service without human interaction.

    One of the other important aspects mentioned by the report is the exponential growth in the use of user support and information tools during the online purchasing process. With the aim of preventing shopping cart abandonment, online businesses have incorporated mechanisms that are present at the customer's moment of truth, and which are helping drive sales. Thus, the number of eCommerce businesses that have incorporated an online customer service chat function has nearly doubled, from 27% in 2015 to 45% in 2016.

    According to the study, 90% of online stores surveyed have forecast profit increases in 2017, and 65% forecast an increase in their average transaction. Furthermore, 63% forecast that the increase in their sales will be greater than 10%, while 25% believe sales may increase by up to 10%.

    About the Report
    The eCommerce Evolution and Prospects 2017 report, prepared by the Observatorio eCommerce and EY, includes the perceptions of Spanish eCommerce stores themselves on the evolution and prospects of electronic commerce in 2017. To compile the report, a survey was performed using the sample panel of the Observatorio eCommerce y Transformacion Digital, which is made up of over 20,000 online stores, guaranteeing a high degree of representativeness at the geographical and sectoral level.

    About the Observatorio eCommerce
    The Observatorio eCommerce began as a group of leading companies in their respective fields in the electronic commerce market. This group leads research and the expansion of eCommerce knowledge, information, and culture to promote growth in the sector and for all its participants. The Observatorio creates an annual work plan which includes drafting reports on the evolution of the sector, publishing white papers, organizing national and international events, creating training programs, and promoting work and business opportunities. More information available at: www.observatorioecommerce.com

    About Atento
    Atento is the largest provider of customer relationship management and business process outsourcing (CRM/BPO) services in Latin America, and among the top three providers globally, based on revenues. Atento is also a leading provider of nearshoring CRM/BPO services to companies that operate in the United States. Since 1999, the company has developed its business model in 13 countries where it employs 150,000 people. Atento has over 400 clients to whom it offers a wide range of CRM/BPO services through multiple channels. Atento's clients are mostly leading multinational corporations in sectors such as telecommunications, banking and financial services, health, retail and public administrations, among others. Atento s shares trade under the symbol ATTO on the New York Stock Exchange (NYSE). In 2016, Atento was named one of the World's 25 Best Multinational Workplaces by Great Place to Work(R). For more information, visit www.atento.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/efficient-multichannel-management-could-increase-online-sales-by-20-according-to-report-sponsored-by-atento-300418580.html

    Photo: http://mma.prnewswire.com/media/329706/atento_fondo_blanco_rgb_logo.jpg Atento S.A.

    CONTACT: Maite Cordero, + 34 91 740 74 47, media@atento.com; Atento
    Spain, Betsaida Sedano, +34 91 740 68 00, bsedano@atento.es; Investor
    Relations, Lynn Antipas Tyson, + 1 914-485-1150, lynn.tyson@atento.com

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




    John Bean Technologies Corporation Announces Public Offering of 2,000,000 Shares of Common Stock

    CHICAGO, March 6, 2017 /PRNewswire/ -- JBT Corporation , (the "Company"), a global technology solutions provider to high-value segments of the food and beverage industry, announced today that it has commenced an underwritten public offering of 2,000,000 shares of the Company's common stock, par value $0.01 per share (the "Common Stock"). In addition, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 300,000 shares of Common Stock sold in the offering at the public offering price, less underwriting commissions.

    The Company intends to use the net proceeds it receives from the offering to repay a portion of the Company's outstanding borrowings under its revolving credit facility and for general corporate purposes.

    BofA Merrill Lynch, J.P. Morgan and Wells Fargo Securities are acting as joint bookrunners and representatives of the underwriters for the offering. Baird, BMO Capital Markets and William Blair are also acting as bookrunners for the offering. This offering is being made by means of a prospectus supplement and accompanying base prospectus, copies of which may be obtained free by visiting EDGAR on the Securities and Exchange Commission (SEC) website at www.sec.gov. The prospectus supplement and base prospectus may also be obtained by sending a request to: BofA Merrill Lynch, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attention: Prospectus Department; J.P. Morgan Securities LLC, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Broadridge Financial Solutions; or Wells Fargo Securities, LLC, 375 Park Avenue, New York, NY 10152, Attention: Equity Syndicate Department.

    This offering is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission on January 9, 2017. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Company's Common Stock or any other securities, and there shall not be any offer, solicitation or sale of securities mentioned in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such any state or jurisdiction.

    JBT Corporation is a leading global technology solutions provider to high-value segments of the food & beverage industry with focus on proteins, liquid foods, and automated system solutions. JBT designs, produces and services sophisticated products and systems for multinational and regional customers through its FoodTech segment. JBT also sells critical equipment and services to domestic and international air transportation customers through its AeroTech segment. JBT Corporation employs approximately 5,000 people worldwide and operates sales, service, manufacturing and sourcing operations in more than 25 countries.

    This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature and include statements regarding the completion, timing, size and use of proceeds of the proposed public offering that involve risks and uncertainties, including, without limitation, risks and uncertainties related to market conditions and the satisfaction of closing conditions related to the proposed public offering. These forward-looking statements are subject to risks and uncertainties that are beyond the Company's ability to control. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the Company's business in general, please refer to the Company's preliminary prospectus supplement filed with the SEC on March 6, 2017, including the documents incorporated by reference therein, which includes its Annual Report on Form 10-K filed with the SEC on February 28, 2017. The Company cautions shareholders and prospective investors that actual results may differ materially from those indicated by the forward-looking statements.

    Investors & Media: Jeff Scipta +1 312 861 5930

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/john-bean-technologies-corporation-announces-public-offering-of-2000000-shares-of-common-stock-300418656.html

    JBT Corporation



    Honeywell Receives Certification To Keep Helicopters Connected And Mission-Ready For Operators-Certification allows helicopter operators to increase connectivity and ease of maintenance for safer and more reliable missions-Honeywell's technologies will help pilots stay connected with key ground personnel at all times

    DALLAS, March 6, 2017 /PRNewswire/ -- Honeywell has received Supplemental Type Certificates (STCs) -- issued by a governmental agency for approval to modify an aircraft from its original design -- for its connectivity and condition-based maintenance products for a variety of helicopters. The new certification enables Honeywell's Aspire 200 satellite communications system and Honeywell Health and Usage Monitoring Systems to be used globally. These offerings will help helicopter operators around the world throughout a variety of missions, including search and rescue, oil and gas, air ambulance, and law enforcement.

    "Helicopter operators need to be able to depend on their aircraft to keep them and others safe," said Tom Neumann, vice president, Operations, BendixKing. "These Supplemental Type Certificates allow pilots to stay connected with maintenance, operations and other personnel on the ground at all times. Pilots also avoid groundings and reduce costs by using predictive maintenance diagnostics and alerts with Honeywell Health and Usage Monitoring Systems and Vibration Expert, an onboard maintenance vibration system that detects potential issues before they affect the aircraft. This is especially important when someone's life is on the line, as is often the case in search and rescue or ambulance missions."

    The Aspire 200 system for helicopters brings broadband speeds to the cabin while reducing the impact of rotor wash on the satellite signal, which is a first for the industry. Before Aspire 200, helicopter operators experienced unreliable connectivity because the rotor blades disrupted satellite signals. The Aspire 200 system provides cabin voice and data services through Inmarsat's SwiftBroadband satellite system and is now certified for installation on the Augusta AW139. STCs are in development for the Sikorsky S-92, AS332 Super Puma, Airbus AS350, and Sikorsky Blackhawk platforms to provide operators with consistent and reliable broadband connectivity.

    Honeywell's Health and Usage Monitoring Systems (HUMS) and Vibration Expert (VXP) have been issued certifications for multiple helicopters by the FAA, EASA and the National Civil Aviation Agency (ANAC) of Brazil, which will allow maintainers to have onboard, sensor-based monitoring systems to measure the health and performance of helicopter components. Honeywell's VXP solutions continuously monitor aircraft vibration data to determine component issues before they fail and have one of the most proven track records among the maintenance vibration products available.

    Operators using condition-based maintenance systems have experienced results such as a 4 to 5 percent increase in helicopter availability, 30 percent reduction in mission aborts, 20 percent reduction in maintenance test flights, and 5 to 10 percent reduction in scheduled maintenance costs.

    Below are the helicopter platforms listed by STC:

    Aspire 200 satellite communications system

    --  Leonardo AW139
    --  In progress:
    --  Sikorsky S-92
    --  AS332 Super Puma
    --  Airbus AS350
    --  Blackhawk
    

    Honeywell Health and Usage Monitoring Systems

    --  Sikorsky S-76C+/++
    --  Leonardo AW139
    --  Sikorsky Blackhawk
    

    Honeywell VXP Health and Usage Monitoring Systems

    --  Airbus EC145
    --  Airbus AS350 (pending FAA approval)
    

    Brazilian ANAC STC for Honeywell VXP Health and Usage Monitoring Systems

    --  Bell 206
    --  Airbus EC135
    --  Airbus EC145
    

    Honeywell technical and business experts will be available during HAI HELI-EXPO 2017 to discuss the STCs. Visit Booth #5423 for more information.

    Supporting Resources

    --  Read more about the Aspire 200 satellite communications system
    --  Read more about the Honeywell Health and Usage Monitoring Systems
    --  Read more about Honeywell Aerospace on the Follow The Aero blog
    --  Like Honeywell Aerospace on Facebook
    --  Follow @Honeywell_Aero on Twitter
    

    Honeywell (www.honeywell.com) is a Fortune 100 software-industrial company that delivers industry specific solutions that include aerospace and automotive products and services; control technologies for buildings, homes, and industry; and performance materials globally. Our technologies help everything from aircraft, cars, homes and buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/honeywell-receives-certification-to-keep-helicopters-connected-and-mission-ready-for-operators-300418244.html

    Photo: http://mma.prnewswire.com/media/74078/honeywell_logo.jpg Honeywell

    CONTACT: Media: Nicole Stewart, +1 (480) 208-0794,
    nicole.stewart@honeywell.com

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




    Freckle IoT Partners with LiveRamp to Bring In-Store 1st Party Data Segments to the Marketing Ecosystem

    NEW YORK, March 6, 2017 /PRNewswire/ -- Freckle IoT (Freckle), a first-party data company and Global leader in offline in store attribution, today announced a partnership with LiveRamp(TM), an Acxiom(R) company and leading provider of omnichannel identity resolution. Freckle IoT will make its first-party custom segments available via LiveRamp's IdentityLink (TM) solution.

    Freckle IoT operates an installed base of over 50 million mobile devices worldwide, providing deterministic, in-store location data which is captured directly from opted-in users' mobile phones, in real-time. This direct integration differentiates Freckle from location providers that primarily rely on probabilistic bid-stream data, which has lower accuracy.

    Advertisers interested in custom individual in-store segments of the top 25 retailers from Freckle are able to access these segments from LiveRamp's IdentityLink data store feature via many leading demand-side platforms (DSP's) and other media platforms that they use today. Additional custom segments are prepared within 24 hours and distributed via IdentityLink to the media platform of choice.

    "There has been an enormous increase in client demand for unique data sets. Freckle IoT's ability to provide a deterministic in-store audience, at scale, is rare in today's environment," said LiveRamp Head of Data Partnerships Luke McGuinness. "This level of accuracy and granularity enables our clients to get greater insight into their customers and to make smarter decisions with their targeting. This is at the core of what we are trying to provide at LiveRamp, and we are happy to partner with Freckle IoT on this initiative."

    "Providing LiveRamp customers with access to Freckle's unique first-party in-store data allows clients to prove with 100 percent precision that a consumer has visited a specific location, something that up until now was challenging to do," says Neil Sweeney, founder and CEO of Freckle IoT. "As the industry continues to look for unique data sources, having access to a source of first-party data that is decoupled from the sale of media is ultimately what advertisers want. We are excited to partner with LiveRamp to move the industry closer to this inevitable goal."

    About Freckle IOT

    Freckle IOT, the Global Leader in in-store, offline attribution, is a mobile first-party data company that helps brands, publishers and intelligence firms solve business problems through deterministically validated customer data.

    Freckle's solution is comprised of an ecosystem of connected devices, beacons and application partners coupled with proprietary software and science.

    About LiveRamp
    LiveRamp offers brands and the companies they work with identity resolution that is integrated throughout the digital ecosystem, and provides the foundation for omnichannel marketing. Our services transform the technology platforms used by our clients into people-based marketing channels that improve the relevancy of marketing, and ultimately allow consumers to better connect with the brands and products they love. LiveRamp is an Acxiom company, delivering privacy-safe solutions to market and honoring the best practices of leading associations including the Digital Advertising Alliance's (DAA) ICON and App Choices programs. For more information, visit www.LiveRamp.com.

    Media Contacts

    N6A (For Freckle)
    mrizzetta@n6a.com
    212-334-9753

    Alyssa Niemiec for LiveRamp
    liveramp@havasformula.com
    619-234-0345

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/freckle-iot-partners-with-liveramp-to-bring-in-store-1st-party-data-segments-to-the-marketing-ecosystem-300418304.html

    Freckle IoT



    CreditEase Addresses Top FinTech Trends at LendIt USA 2017 Conference in New York

    NEW YORK, March 6, 2017 /PRNewswire/ -- CreditEase, China's leading fintech company announced today that its subsidiary company, Yirendai , an leading online digital consumer financial service platform, together with CreditEase Fintech Investment Fund and CreditEase Offshore Private Credit Fund ("OPCF") delivered a series of keynote speeches at the 2017 LendIt USA conference in New York from March 6 to 7. LendIt annual conferences are recognized as one of the largest global fintech industry events dedicated to connecting the global fintech and lending communities

    Keynote speakers from CreditEase include Yihan Fang, Chief Executive Officer of Yirendai; Yang Cao, Chief Operating Officer and Chief Technology Officer of Yirendai; Anju Patwardhan, Senior Partner of CreditEase Fintech Investment Fund and member of Investment Committee; and Mikael Nabati, Chief Investment Officer of CreditEase Offshore Private Credit Fund.

    Ning Tang, Founder and CEO of CreditEase stated, "We are excited to take the global stage and showcase the stars of our CreditEase eco-system. CreditEase is the market leader in wealth management and inclusive finance in China and globally. As China is increasingly embracing financial technologies that rejuvenate economic growth and improve financial health, we are well positioned to continue to address the underserved needs of fast-growing, mass affluent and high-net worth investors. We are also expanding our various investment funds to meet demands of our wealth management clients and enable them to take advantage of global investment opportunities while ensuring balanced asset allocation."

    On the main stage, Yirendai executives delivered a keynote speech named From Big to Strong: China FinTech Entering a New Era. Yihan Fang and Yang Cao of Yirendai shared with the audience the latest fintech industry trends in China, regulatory environment of online marketplace lending in China, and industry's current challenges. In addition, Yirendai announced the launch of Yirendai Enabling Platform ("YEP"), a technology platform that enables partner companies to utilize Yirendai's data acquisition, anti-fraud technology, as well as customer acquisition capabilities, to help optimize industry's efficiency and enhance customer experience.

    Yihan Fang of Yirendai commented, "Marketplace lending in China has been growing quite rapidly over the past few years. However, the lack of credit awareness among consumers, insufficient bureau data and weak credit infrastructure, coupled with an increase of organized fraud, have led to high costs of customer acquisition, anti-fraud operation, and risk management. In the past four years, Yirendai has heavily invested in its technology and built advanced digital capabilities for data collection, anti-fraud intelligence, and online customer acquisition. Today we are sharing these capabilities with our partner companies through YEP which enable them to better serve their customers and manage risks more effectively. With more partners using YEP, together we can better fight organized fraud, lower the costs, and eventually give consumers a much better experience."

    Anju Patwardhan, Senior Partner of CreditEase Fintech Investment Fund and member of Investment Committee delivered a keynote speech on financial inclusion issues for the middle class and also discussed the latest trends in fintech globally. CreditEase Fintech Investment Fund, launched in December 2015, is a venture fund investing in growth-stage fintech companies globally. The Fund has an equivalent of USD 1 billion in total committed capital. The Fund has been ramping up its investments since middle of 2016 with overseas investments including Trumid, an electronic bond trading platform; Circle, a blockchain-based payment application; Tradeshift, a cloud-based buyer-supplier network and WeConvene, an online corporate access web platform. The Fund has also formed strategic partnerships with global leading venture capital investors in the United States and other countries to identify investment opportunities. The Fund has team members based in Hong Kong, San Francisco, London, Beijing and Melbourne. CreditEase Fund of Funds also helps its wealth management customers deploy billions of dollars each year through various Venture Capital firms, Private Equity firms and hedge funds globally.

    In a fund management panel discussion, Mr. Mikael Nabati of CreditEase OPCF provided an overview of the fund's structure and investment strategies and discussed the fund's key differentiation and core competence in data analytics, distribution capabilities, and strategic partnerships with other fintech companies.

    -- End --

    About CreditEase

    CreditEase is a leading FinTech company in China, specializing in small business and consumer lending as well as wealth management for high net worth and mass affluent investors. It is a Standing Committee member of China's Internet Finance Industry Association and Chairman of Beijing Marketplace Lending Association. Its majority owned subsidiary Yirendai , an online consumer finance marketplace, is listed on the New York Stock Exchange.

    About Yirendai

    Yirendai is a leading online digital consumer financial service platform in China. Established in 2012, the company has built proprietary technologies by intelligently using variety of data and machine learning techniques to power mobile loan app, credit decisions and underwriting, customer acquisition and services. Yirendai has provided more than $5B USD credit to consumers through its advanced online credit underwriting solution and helped close to 1 million individual investors to invest in high quality loans. Yirendai is the first publicly listed fintech company from China.

    About CreditEase Fintech Investment Fund

    Founded in December 2015, CreditEase Fintech Investment Fund is a venture fund investing in growth-stage fintech companies in China and the global markets. CreditEase Fintech Investment Fund has an equivalent of USD1 billion in total committed capital. The fund has formed strategic partnerships with global leading venture capital investors to discover opportunities in five sub-segments within the domain of Fintech: Lending, Payment, Personal Finance/Wealth management, Enterprise Solutions and Insurance.

    About CreditEase Offshore Private Credit Fund

    Launched in late 2015, CreditEase Offshore Private Credit Fund ("OPCF") has total assets under management of US$ 80 million, and focuses on high quality private credits including consumer and SME loans across North America, Europe and Asia Pacific. Headquartered in Singapore, with team members based in the UK, Australia, Beijing, Hong Kong, and New York, OPCF is the first Chinese offshore fund to invest in loans issued by Western platforms.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/creditease-addresses-top-fintech-trends-at-lendit-usa-2017-conference-in-new-york-300418445.html

    CreditEase

    CONTACT: Shirley Xu, +86-21-6013-9522, yanxu14@creditease.cn




    Verizon introduces first ever Fios Prepaid Triple Play with pay-as-you-go Fios TV, Internet and Home PhoneAward-winning Verizon Fios provides customers flexibility and fiber-optic reliability with new pay-as-you-go Fios Prepaid option

    NEW YORK, March 6, 2017 /PRNewswire/ -- Today Fios Prepaid becomes the first-of-its-kind payment option for Verizon Fios services, making it easier than ever to enjoy Fios internet, TV and home phone with:

    --  No credit check
    --  No deposit required
    --  No annual contract
    --  No credit card required
    --  Equipment necessary to get started included
    

    With Fios Prepaid, customers can experience the difference of Fios, Verizon's 100% fiber optic network, with outstanding entertainment options plus more flexibility and control. The new option enables customers to better plan their expenses, as the Fios Prepaid monthly service payment eliminates unexpected charges month over month. Customers may pay online with a debit card or use cash at payment kiosks in any Verizon Wireless store.

    "Fios Prepaid offers a new way to experience Fios for customers seeking payment flexibility," said Susan Retta, Vice President of Consumer Marketing at Verizon. "From students to snowbirds, consumers are looking for service and options on their terms. For those with little or no credit history, Fios Prepaid offers 100% fiber-optic quality Internet featuring upload speeds as fast as download speeds, and crystal-clear TV service with no annual contract, deposit or credit check required--it doesn't get any easier to join the Fios family."

    Availability:
    Fios Prepaid is available anywhere* that Verizon Fios service is available, including:

    --  New York Metro, Albany, Buffalo, Syracuse
    --  Philadelphia Metro, Pittsburgh, Harrisburg
    --  Washington DC Metro, Northern VA and Maryland, Norfolk, Richmond
    --  Boston Metro, including portions of the City of Boston (Dorchester,
    Roslindale and West Roxbury)
    --  New Jersey
    --  Rhode Island
    --  Delaware
    

    *At service addresses that are Fios capable.

    Pricing:

    --  25Mbps Fios Prepaid Internet, with upload speeds as fast as download
    speeds (Wifi router is included): $60/month
    

    In addition to Internet, customers can add TV and/or Voice:

    --  Custom TV with 155+ channels (1 Set-top-box is included): + $40/$50 per
    month depending on channel package
    --  Mundo with 200+ channels, including 35+ HD Spanish-language channels:
    +$40/month
    --  Phone:  + $10/month
    

    Bundles:

    --  Internet + TV + Voice: $110/$120
    --  Internet + TV: $100/$110
    --  Internet + Voice: $70
    

    Installation $90; Self Install is free

    Signing Up:
    Customers can now order and prepay for Verizon Fios in their homes. For more info and to sign up today, visit http://www.fiosprepaid.com/ .

    Verizon Communications Inc. , headquartered in New York City, has a diverse workforce of 160,900 and generated nearly $126 billion in 2016 revenues. Verizon operates America's most reliable wireless network, with 114.2 million retail connections nationwide. The company also provides communications and entertainment services over mobile broadband and the nation's premier all-fiber network, and delivers integrated business solutions to customers worldwide.

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

    Media contact:
    Mike Murphy
    781.932.1213
    michael.murphy@verizonwireless.com

    Related Links
    http://www.verizon.com/
    https://www.verizonwireless.com/
    http://www.verizonenterprise.com/
    http://www.verizon.com/about/

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/verizon-introduces-first-ever-fios-prepaid-triple-play-with-pay-as-you-go-fios-tv-internet-and-home-phone-300418285.html

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

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




    Comcast Business Announces $20 Million Investment to Expand High-Performance Ethernet Network in PittsburghGolden Triangle Businesses Will Benefit from Scalable, Advanced Internet and Voice Capabilities

    PITTSBURGH, March 6, 2017 /PRNewswire/ -- Comcast Business today announced it is investing $20 million in a major expansion of its fiber-based network in downtown Pittsburgh, reaching more than 425 additional businesses directly and benefiting hundreds more by making the network more accessible. Capable of delivering up to 100 Gigabits-per-second (Gbps) of network capacity, the fiber optic Ethernet network expansion will support advanced services and give Comcast the ability to give new customers, ranging from small and medium-sized organizations to large enterprises, quick access to its network.

    While the Comcast Business fiber network already serves many of Pittsburgh's largest companies and hundreds of businesses, this concentrated expansion will deploy more than 64 miles of new fiber optic cable and encompass the entire Golden Triangle. Significant work began about one year ago to provide high-performance Ethernet, Internet and advanced voice solutions to businesses and organizations throughout this downtown area, and additional work will be completed by 4Q 2018.

    "This is one of the most significant infrastructure investments Comcast Business has made across the country, and we're proud to bring our best-in-class network deeper into downtown Pittsburgh to help the city and region continue its economic growth," said Paul Merritt, regional vice president for Comcast Business. "As demand for our high-performance Ethernet offerings continues to soar, Comcast Business recognizes the need to respond quickly and provide scalable solutions that can meet demand as businesses grow.

    "This proactive investment signals that we are committed to playing a critical role in helping Pittsburgh attract, retain and grow successful businesses. We're not only prepared to continue connecting Pittsburgh but connecting its businesses and institutions to the rest of the region, the nation and the world," Merritt added.

    The Keystone Region Comcast Business team last year completed the company's first 100 Gbps network in the Eastern United States, connecting Penn State University's data center with its Milton S. Hershey Medical Center facility. In addition to the higher education facilities, medical industries, law firms and financial services institutions prevalent in Pittsburgh, the steady influx of new technology companies to the city creates a hotbed of economic development requiring access to the advanced communications solutions Comcast Business offers.

    "We are continuing to see growth in businesses and organizations throughout this region, and are doing everything we can to support those efforts," said County Executive Rich Fitzgerald. "I applaud Comcast for also investing in this community and further providing businesses with the tools that they need."

    Said Pittsburgh Mayor William Peduto, "I'd like to thank Comcast for their continued stewardship and commitment to the business community here in Pittsburgh. Investments in the modern, scalable, 21st Century infrastructure that Comcast Business provides will help our region continue to attract, retain and grow successful businesses."

    Comcast Business serves 20 of the nation's top 25 markets and is one of the fastest-growing Ethernet providers in the nation. With a comprehensive portfolio of Ethernet options, Comcast Business serves businesses and organizations with distributed enterprises that require large amounts of bandwidth, are looking to link multiple sites or branch locations or plan to connect their offices to a third-party data center. Nationally, Comcast Business's Ethernet services are delivered over an advanced network that spans more than 153,000 miles. Comcast Business customers thus remain on an advanced network that is quickly scalable and privately managed by an experienced team.

    About Comcast Business
    Comcast Business offers Ethernet, Internet, Wi-Fi, Voice, TV and managed enterprise solutions to help organizations of all sizes transform their business. Powered by a next-generation, fiber-based network, and backed by 24/7 technical support, Comcast Business is one of the largest contributors to the growth of Comcast Cable. Comcast Business is the nation's largest cable provider to small and mid-size businesses and has emerged as a force in the Ethernet market; recognized over the last two years by leading industry associations as its fastest growing provider and service provider of the year.

    For more information, call 866-429-3085. Follow on Twitter @ComcastBusiness and on other social media networks at http://business.comcast.com/social.

    About Comcast Cable
    Comcast Cable is one of the nation's largest video, high-speed Internet and phone providers to residential customers under the XFINITY brand and also provides these services to businesses. Comcast has invested in technology to build an advanced network that delivers among the fastest broadband speeds, and brings customers personalized video, communications and home management offerings. Comcast Corporation is a global media and technology company. Visit www.comcastcorporation.com for more information.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/comcast-business-announces-20-million-investment-to-expand-high-performance-ethernet-network-in-pittsburgh-300418050.html

    Comcast Cable

    CONTACT: Bob Grove, 412-589-6081, robert_grove@comcast.com, or, Josephine
    Posti, 412-491-6481, josephine_posti@comcast.com

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




    ISG Invites Nominations for 2017 ISG Paragon Awards(TM)

    Program spotlights innovative approaches, technologies and behaviors transforming business today

    LONDON, March 6, 2017 /PRNewswire/ -- Information Services Group (ISG) , a leading global technology research and advisory firm, today invited the European services, technology and sourcing industries to submit nominations for the 2017 ISG Paragon Awards(TM) Europe, which recognize innovative approaches that help clients leverage technology to make a real and lasting impact on their business.

    http://mma.prnewswire.com/media/454165/ISG_Logo.jpg [http://mma.prnewswire.com/media/454165/ISG_Logo.jpg]

    Nominations will be accepted from enterprise buyers of IT and business services, plus technology and service providers throughout Europe, from now until Friday, April 21, 2017.

    Produced by ISG Events, a new business unit that offers high-value, must-attend industry conferences, the ISG Paragon Awards(TM) Europe celebrate the evolution of the sourcing industry through the application of new sourcing approaches and digital technology, including the use of robotic process automation, by recognizing the achievements of leaders in the following categories:

    Excellence: Recognizing outstanding delivery by a technology/service provider

    Transformation: Recognizing the successful transformation of an organization or key business function

    Leadership: Recognizing a client executive who has demonstrated exceptional drive and leadership

    Collaboration: Recognizing a mutually beneficial and trusting relationship between a client and a provider or group of providers

    Imagination: Recognizing the importance of imagination and entrepreneurial spirit in helping organizations future-proof their businesses and better serve customers

    Impact: Recognizing the impact of a particular technology or service on a community of people, be they members of the public, customers or any defined group

    ISG Special Award: Recognizing a nominated individual or organization that has had an outstanding impact on the industry, a community, technology innovation or new business practice. The winner of this award is selected by an ISG panel.

    The winner in each of these categories, with the exception of the ISG Special Award, will be selected by a panel of independent judges. For the first time, peer-voting will form part of the decision-making for two of the awards: the Excellence and Leadership categories.

    The winners will be announced at the ISG Paragon Awards(TM) Gala Dinner on Thursday, June 29, 2017. Each award category will include a winner and two runners-up.

    In addition to the above awards, the previously announced winners of the Challenge the Future® Awards, a legacy program of Alsbridge, acquired by ISG in December 2016, will be honored at the ISG Paragon Awards(TM) dinner. The Challenge the Future® Awards recognize organizations and individuals that best demonstrate leadership and innovation in challenging the future of business through the application of automation and emerging technologies. Going forward, the Challenge the Future® Awards program will be incorporated into the ISG Paragon Awards(TM) and represented by a special category of awards around automation and emerging technologies.

    John Keppel, partner and president, ISG EMEA and Asia, said: "The ISG Paragon Awards(TM) reflect the changing nature of the global sourcing market as we leverage new technologies, approaches and methods to achieve even better outcomes for clients. This industry is at the sharp end of making technology advances that have a real and lasting impact on business. We encourage our industry colleagues on both the buy-side and the sell-side to apply for the ISG Paragon Awards(TM) and highlight the hard work and successes they have achieved together."

    Nomination Guidelines and Selection Criteria

    --  Nominations will be accepted until close of business Friday, April 21,
    2017.
    --  Initial reviews of submissions and selection of finalists will be
    carried out by an ISG panel.
    --  The finalists in each category will be notified in writing by Friday,
    April 28, 2017 and will be announced on the ISG website -
    www.isg-one.com [http://www.isg-one.com/]. The public vote for the
    Excellence and Leadership categories will take place during May 2017.
    

    Full details of the award categories and nomination guidelines can be found at http://www.isg-one.com/events-landing/event-detail/2017-paragon-awards-europe [http://www.isg-one.com/events-landing/event-detail/2017-paragon-awards-europe]

    About ISG
    ISG (Information Services Group) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including 75 of the top 100 enterprises in the world, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; technology strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 professionals operating in more than 20 countries--a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry's most comprehensive marketplace data. For more information, visit www.isg-one.com [http://www.isg-one.com/].

    Logo - http://mma.prnewswire.com/media/454165/ISG_Logo.jpg [http://mma.prnewswire.com/media/454165/ISG_Logo.jpg]

    Photo: http://mma.prnewswire.com/media/454165/ISG_Logo.jpg Information Services Group

    CONTACT: Denise Colgan, ISG, +44 1737 371523, denise.colgan@isg-one.com,
    Tara Benton, Cohn & Wolfe for ISG, +44 (0)207 331 5395,
    tara.benton@cohnwolfe.com

    Web site: http://www.isg-one.com/




    Hughes to Showcase Latest Innovations in Broadband Technology & Services at Satellite 2017 ConferenceLaunch date for next generation of HughesNet services to be announced

    GERMANTOWN, Md., March 6, 2017 /PRNewswire/ -- SATELLITE 2017 Booth 1100 -- At the SATELLITE 2017 Conference, March 6-9 in Washington, DC, Hughes Network Systems, LLC (HUGHES), an EchoStar company and the global leader in broadband satellite technology and services will showcase numerous innovations, from advanced features of its JUPITER(TM) System to new capabilities of HughesNet(R), America's number one choice for high-speed satellite Internet service.

    --  JUPITER(TM), the world's most widely deployed (HTS) high-throughput
    satellite system, is now available with the advanced DVB-S2X air
    interface standard--the first operational VSAT platform with this
    competitive edge functionality for maximum throughput and efficiency.
    --  A new multi-band (Ku and Ka) aeronautical system will be introduced,
    building on the success of in-flight broadband services powered by
    Hughes technology globally.
    --  New satellite backhaul solutions for cost-effective expansion of 4G/LTE
    cellular network services, as well as the latest HTS solutions for
    government and business.
    

    "We've earned a trusted leadership position by consistently delivering innovations that have shaped and transformed the industry," said Pradman Kaul, president of Hughes. "This annual event gives us the choice opportunity to present our latest contributions in both technology and services, and we extend a hearty welcome to all from around the globe to engage with us while at the show."

    A number of Hughes executives will give presentations throughout the conference, including Pradman Kaul in a roundtable session on "Global Satellite Operator CEOs Spearheading the Connected World, on Tuesday, March 7 at 4:15 p.m. Hughes is also hosting a press/analyst luncheon featuring several significant announcements on Tuesday, March 7 at 11:15 a.m. in room 204A in the Walter E. Washington Convention Center in Washington, D.C. To sign up for the press luncheon, please email doug.gunster@hughes.com.

    About Hughes Network Systems
    Hughes Network Systems, LLC (HUGHES) is the global leader in broadband satellite technology and services for home and office. Its flagship high-speed satellite Internet service is HughesNet(R), the world's largest satellite network with over 1 million residential and business customers across North America and Brazil. For large enterprises and governments, the company's HughesON(R) managed network services provide complete connectivity solutions employing an optimized mix of satellite and terrestrial technologies. The JUPITER(TM) System is the world's most widely deployed High-Throughput Satellite (HTS) platform by leading service providers operating on more than 20 satellites, delivering enterprise, mobility and cellular backhaul applications. To date, Hughes has shipped more than 5.5 million satellite systems to customers in over 100 countries, representing approximately 50 percent market share.

    Headquartered outside Washington, D.C., in Germantown, Maryland, USA, Hughes operates sales and support offices worldwide, and is a wholly owned subsidiary of EchoStar Corporation , a premier global provider of satellite operations. For additional information about Hughes, please visit www.hughes.com and follow @Hughes_Corp on Twitter.

    About EchoStar
    EchoStar Corporation is a premier global provider of satellite communication solutions. Headquartered in Englewood, Colo., and conducting business around the globe, EchoStar is a pioneer in secure communications technologies through its Hughes Network Systems and EchoStar Satellite Services business segments. For more information, visit echostar.com. Follow @EchoStar on Twitter.

    (C)2017 Hughes Network Systems, LLC, an EchoStar company. Hughes and HughesNet are registered trademarks and JUPITER is a trademark of Hughes Network Systems, LLC.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hughes-to-showcase-latest-innovations-in-broadband-technology--services-at-satellite-2017-conference-300418084.html

    Photo: http://mma.prnewswire.com/media/455788/Hughes_Network_Systems_Logo.jpg Hughes Network Systems, LLC

    CONTACT: Doug Gunster, Hughes Network Systems, LLC, (301) 428-2785,
    doug.gunster@hughes.com, Darby Johnson, Brodeur Partners, (617) 587-2946,
    djohnson@brodeur.com

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




    New Images From Space Show Earth and Solar Storms Like Never BeforeFirst Data Revealed From GOES-16 Lightning and Solar Instruments Built in Silicon Valley

    PALO ALTO, Calif., March 6, 2017 /PRNewswire/ -- The National Oceanic and Atmospheric Administration (NOAA) released the first images from two Earth and solar weather-monitoring space instruments aboard the GOES-16 satellite, which launched in November. Today's images from the Geostationary Lightning Mapper (GLM) are a first for continuous lightning tracking in geostationary orbit, 22,300 miles above the earth. Last week NOAA also released the first images from the Solar Ultraviolet Imager (SUVI), which gives faster warning for solar storms. Both GLM and SUVI were designed and built at Lockheed Martin's Advanced Technology Center in Palo Alto, California.

    GOES-16 is the first of a series of four next-generation satellites built by Lockheed Martin, and each will host a GLM and SUVI instrument. The GOES-R program--as the series is called--is a collaborative mission between NOAA and NASA.

    GLM
    Fast facts:

    --  First operational lightning mapper flown in geostationary orbit
    --  Monitors frequency, location and extent of lightning discharges
    --  Takes hundreds of images each second
    --  Produced more lightning data in its first weeks than all previous
    lightning data from space combined
    

    "GLM is a first-of-a-kind capability for lightning monitoring at geostationary orbit," said Jeff Vanden Beukel, Lockheed Martin GOES-R instruments director. "Seeing individual lightning strikes from 22,300 miles away is an incredible feat, plus we're monitoring cloud-to-cloud lightning for the first time. All this will give forecasters better data to give people on the ground, at sea and in the air faster severe weather warning."

    SUVI
    Fast facts:

    --  Observes the sun in six extreme ultraviolet channels, all in an
    instrument the size of a gym bag
    --  Compiles full disk images--or complete views of the sun--around the
    clock
    --  Data provides estimated coronal plasma temperatures and solar emission
    measurements
    

    "We built SUVI so it can deliver solar storm warning faster than any other space instrument, plus an upgrade in resolution over current GOES systems," said Jeff Vanden Beukel, Lockheed Martin GOES-R instruments director. "Solar storms can cause blackouts here on Earth and shut down satellites in orbit. Faster warning lets us protect these assets before disaster strikes."

    About Lockheed Martin
    Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 97,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/new-images-from-space-show-earth-and-solar-storms-like-never-before-300418391.html

    Photo: http://mma.prnewswire.com/media/474913/Lockheed_Martin_Geostationary_Lightning_Mapper.jpg
    http://mma.prnewswire.com/media/474914/Lockheed_Martin_Solar_Ultraviolet_Imager.jpg Lockheed Martin

    CONTACT: Mark E. Lewis, +1 408-742-3516; mark.e.lewis@lmco.com

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




    Envestnet | Yodlee Enables Comprehensive Financial Picture with Risk Insight SuiteNext generation suite of reports provides lenders with a holistic view into a consumer's financial behavior in order to make more informed credit decisions

    New York, March 6, 2017 /PRNewswire/ -- Envestnet | Yodlee , a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services, today announced the release of its Risk Insight Suite at the LendIt USA conference. The next generation suite of reports expands Envestnet | Yodlee's Risk Insight offering and complements traditional credit reports through consumer permissioned financial data, providing lenders with critical visibility into a consumer's or small business's comprehensive financial picture and the ability to streamline the application experience.

    Lenders traditionally rely on credit reports to make risk decisions, but this only reflects a component of the holistic financial picture of the consumer. Envestnet | Yodlee Risk Insight Suite of reports provides an up-to-date reflection of account and transaction information obtained directly from financial institutions, providing visibility into assets, income, and expenses. This critical information enables lenders to make more informed decisions for prequalification, origination, underwriting, and account review.

    "With the introduction of Risk Insight Suite, Envestnet | Yodlee is enhancing the lending process by offering access to a broader range of data coupled with a flexible calculation engine," said Terry McKeown, Practice Manager, Credit Analytics at Envestnet | Yodlee. "By using consumer permissioned financial data, lenders can obtain a complete financial picture of a borrower. This is especially true for credit invisible consumers who have no credit file or cannot be scored with traditional models, and for subprime consumers whose transactional data can help lenders make more accurate assessments of risk."

    Envestnet | Yodlee Risk Insight Suite of reports enables lenders to enhance and streamline the application experience. Lenders can use the report to fill in credit applications with verifiable and accurate information through a simple process, as well as eliminate the need for paper bank statements or tax returns. The solution includes fully co-brandable consumer and lender experiences as well as that allow for customized deployments to meet lender needs.

    The Risk Insight Suite of reports leverages Envestnet | Yodlee's proprietary data enrichment technologies. Machine learning algorithms that take advantage of the massive scale of consumer data assets within the Envestnet | Yodlee platform are used to clarify and categorize transactional data. In addition, a flexible, rules based engine powers a series of customizable calculated values and evaluations to simplify review and highlight any issues that require further review.

    Envestnet | Yodlee has implemented a Fair Credit Reporting Act (FCRA) compliance framework to manage consumer permissioned data in the same way that a traditional credit bureau does, providing a well-established method to ensure consumer rights are protected and lender responsibilities are clear. Regularly audited by many of the largest financial institutions and reviewed by the Office of the Comptroller of the Currency (OCC), Envestnet | Yodlee adheres to the strongest operational and security standards in the industry and has the process and experience to protect both lenders and consumers.

    For more information about Envestnet | Yodlee and the Risk Insight Suite, please visit www.yodlee.com.

    About Envestnet

    Envestnet, Inc. is the leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology enhances advisor productivity and strengthens the wealth management process. Envestnet empowers enterprises and advisors to more fully understand their clients and deliver better outcomes.

    Envestnet enables financial advisors to better manage client outcomes and strengthen their practices. Institutional-quality research and advanced portfolio solutions are provided through Envestnet | PMC, our Portfolio Management Consultants group. Envestnet | Yodlee is a leading data aggregation and data analytics platform powering dynamic, cloud-based innovation for digital financial services. Envestnet | Tamarac provides leading rebalancing, reporting, and practice management software for advisors. Envestnet | Retirement Solutions provides retirement advisors with an integrated platform that combines leading practice management technology, research and due diligence, data aggregation, compliance tools, fiduciary solutions and intelligent managed account solutions.

    More than 52,000 advisors and 2,500 companies including: 16 of the 20 largest U.S. banks, 38 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisers, and hundreds of Internet services companies, leverage Envestnet technology and services. Envestnet solutions enhance knowledge of the client, accelerate client on-boarding, improve client digital experiences, and help drive better outcomes for enterprises, advisors, and their clients.

    For more information on Envestnet, please visit www.envestnet.com and follow @ENVintel.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/envestnet--yodlee-enables-comprehensive-financial-picture-with-risk-insight-suite-300418057.html

    Photo: http://mma.prnewswire.com/media/474675/ENV_Yodlee_Color_RGB_Logo.jpg Envestnet | Yodlee

    CONTACT: Doug Myers, Weber Shandwick for Envestnet | Yodlee,
    dmyers@webershandwick.com, 415-262-5919

    Web site: http://www.yodlee.com/
    http://www.envestnet.com/

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