Companies news of 2017-03-07 (page 1)

  • Vuzix Schedules Conference Call to Discuss Fourth Quarter and Full-Year 2016 Financial...
  • Bridgepoint Education Reports Fourth Quarter and Full Year 2016 Results
  • Leidos to Participate in the J.P. Morgan Aviation, Transportation and Industrials...
  • Ooma Reports Fourth Quarter and Fiscal Year 2017 Financial Results
  • The Global Silicon Valley Handbook to Launch March 7A Fun, yet Factual Guide to Thrive Not...
  • Extreme Networks Signs Agreement To Purchase Avaya's Networking Business
  • MEDIA ALERT: Synopsys to Host CodenomiCON Europe at Embedded World 2017
  • Sinclair Broadcast Group's Investment Group, Keyser Capital, Sells Alarm Funding...
  • Maxwell Announces Participation in 29th Annual ROTH Conference
  • Sikorsky Launches Safety Enhancement Program with PHI, Inc. and Metro Aviation
  • Horizon Technology Finance Announces Fourth Quarter and Full Year 2016 Financial...
  • GES Invites EXHIBITORLIVE Attendees to Relax and RefocusVisit the GES team in booth #1423...
  • ISBG Strikes Deal For Online Sales
  • Equinix Announces Proposed Public Offerings of $1.75 Billion of Common Stock and $1.125...
  • Skyworks Solutions, Inc., Western Digital Corporation Join Semiconductor Industry...
  • Hughes Launches World's Largest and Fastest Broadband Satellite NetworkNew EchoStar XIX...
  • Kudelski Security and Cerner Corporation to Present Webinar on "Getting C-Suite Support -...
  • Hughes Launches Industry's Fastest High-Throughput Satellite (HTS) Service for Enterprises...
  • Scripps management presenting at 25th Deutsche Bank Conference today
  • RBC first Canadian bank to launch Interac e-transfer using Siri
  • Hughes Announces JUPITER Aero System Offering Industry's Fastest In-Flight Internet...
  • Kymeta and Intelsat Announce KĀLO(TM), a New Service to Revolutionize How Satellite...
  • Hughes Announces HughesNet Gen5 High-Speed Satellite Internet ServiceFirst Satellite...
  • ZTE Corporation Reaches Settlement with U.S. Authorities
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  • Kymeta and Intelsat Announce K LO(TM), a New Service to Revolutionize How Satellite...
  • GP Strategies to Present at 29th Annual ROTH Conference
  • Trust your connections to the network that keeps coming out on topJ.D. Power ranks Verizon...
  • Lenel, Everbridge Announce Strategic Alliance to Protect, Communicate with People Wherever...



    Vuzix Schedules Conference Call to Discuss Fourth Quarter and Full-Year 2016 Financial Results and Business Update

    ROCHESTER, N.Y., March 7, 2017 /PRNewswire/ -- Vuzix(R) Corporation , a leading supplier of Smart Glasses, Augmented Reality (AR) and Virtual Reality (VR) technologies and products for the consumer and enterprise markets, is pleased to announce that the Company has scheduled a conference call on Friday, March 17, 2017, at 9:00 a.m. Eastern Time (ET) to review its operating results for the quarter and year ended December 31, 2016.

    Date: Friday, March 17, 2017
    Time: 9:00 a.m. Eastern Time (ET)
    Dial-in Number for U.S. & Canadian Callers: 877-709-8150
    Dial-in Number for International Callers (Outside of the U.S. & Canada): 201-689-8354

    Participating on the call will be Vuzix Chief Executive Officer and President Paul Travers and Chief Financial Officer Grant Russell, who will discuss operational and financial highlights for the quarter and year ended December 31, 2016, and will share a business update.

    To join the live conference call, please dial in to one of the above-referenced telephone numbers five to ten minutes prior to the scheduled call time.

    A replay will be available for 30 days, starting on March 17, 2017, at approximately 10:30 a.m. (ET). To access the replay, please dial 877-660-6853 within the U.S. or Canada, or 201-612-7415 for international callers. The conference ID# is 13656767.

    About Vuzix Corporation

    Vuzix is a leading supplier of Smart-Glasses, Augmented Reality (AR) and Virtual Reality (VR) technologies and products for the consumer and enterprise markets. The Company's products include personal display and wearable computing devices that offer users a portable high quality viewing experience, provide solutions for mobility, wearable displays and virtual and augmented reality. Vuzix holds 49 patents and 43 additional patents pending and numerous IP licenses in the Video Eyewear field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2017 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company with offices in Rochester, NY, Oxford, UK and Tokyo, Japan.

    Media and Investor Relations Contact:

    Matt Margolis, Director of Corporate Communications and Investor Relations, Vuzix Corporation
    matt_margolis@vuzix.com Tel: (585) 359-5952

    Andrew Haag, Managing Partner, IRTH Communications
    vuzi@irthcommunications.com Tel: (866) 976-4784

    Vuzix Corporation, 25 Hendrix Road, Suite A, West Henrietta, NY 14586 USA,
    Investor Information - IR@vuzix.com www.vuzix.com Tel: (585) 359-7562

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/vuzix-schedules-conference-call-to-discuss-fourth-quarter-and-full-year-2016-financial-results-and-business-update-300417841.html

    Photo: http://mma.prnewswire.com/media/452536/Vuzix_Logo.jpg Vuzix Corporation

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




    Bridgepoint Education Reports Fourth Quarter and Full Year 2016 Results

    SAN DIEGO, March 7, 2017 /PRNewswire/ -- Bridgepoint Education, Inc. , a provider of postsecondary education services, today announced the results for its fourth quarter and full year ended December 31, 2016.

    Financial Results for the Three Months Ended December 31, 2016

    Revenue for the three months ended December 31, 2016 was $119.5 million, compared with revenue of $131.4 million for the three months ended December 31, 2015.

    Operating loss for the three months ended December 31, 2016 was $18.5 million, compared with operating loss of $6.1 million for the three months ended December 31, 2015.

    The Company recognized an income tax benefit of $4.3 million for the three months ended December 31, 2016, compared with income tax expense of $1.2 million for the three months ended December 31, 2015.

    Net loss for the three months ended December 31, 2016 was $13.8 million, compared with net loss of $6.7 million for the three months ended December 31, 2015.

    Diluted loss per share for the three months ended December 31, 2016 was $0.30, compared with diluted loss per share of $0.15 for the three months ended December 31, 2015.

    Non-GAAP Financial Results for the Three Months Ended December 31, 2016

    Non-GAAP operating loss for the three months ended December 31, 2016 was $1.8 million, compared with non-GAAP operating income of $2.9 million for the three months ended December 31, 2015. Non-GAAP operating loss for the three months ended December 31, 2016 excludes a legal settlement expense of $0.2 million and restructuring and impairment charges of $16.5 million. Non-GAAP operating income for the three months ended December 31, 2015 excludes restructuring and impairment charges of $9.0 million.

    Non-GAAP net loss for the three months ended December 31, 2016 was $0.7 million, compared with non-GAAP net income of $2.0 million for the three months ended December 31, 2015. Non-GAAP net loss for the three months ended December 31, 2016 excludes a legal settlement expense of $0.2 million, as well as restructuring and impairment charges of $16.5 million and the related tax effect. Non-GAAP net income for the three months ended December 31, 2015 excludes restructuring and impairment charges of $9.0 million and the related tax effect, as well as tax expense of $3.0 million relating to the valuation allowance against deferred tax assets.

    Non-GAAP diluted loss per share for the three months ended December 31, 2016 was $0.01, compared with non-GAAP diluted earnings per share of $0.04 for the three months ended December 31, 2015.

    Financial Results for the Year Ended December 31, 2016

    Revenue for the year ended December 31, 2016 was $527.1 million, compared with revenue of $561.7 million for the year ended December 31, 2015.

    Operating loss for the year ended December 31, 2016 was $40.2 million, compared with operating loss of $42.3 million for the year ended December 31, 2015.

    The Company recognized an income tax benefit of $7.9 million for the year ended December 31, 2016, compared with income tax expense of $30.3 million for the year ended December 31, 2015.

    Net loss for the year ended December 31, 2016 was $30.0 million, compared with net loss of $70.5 million for the year ended December 31, 2015.

    Diluted loss per share for the year ended December 31, 2016 was $0.65, compared with diluted loss per share of $1.54 for the year ended December 31, 2015.

    Non-GAAP Financial Results for the Year Ended December 31, 2016

    Non-GAAP operating income for the year ended December 31, 2016 was $12.1 million, compared with non-GAAP operating income of $26.1 million for the year ended December 31, 2015. Non-GAAP operating income for the year ended December 31, 2016 excludes a legal settlement expense of $33.1 million and restructuring and impairment charges of $19.3 million. Non-GAAP operating income for the year ended December 31, 2015 excludes restructuring and impairment charges of $68.4 million.

    Non-GAAP net income for the year ended December 31, 2016 was $8.4 million, compared with non-GAAP net income of $15.9 million for the year ended December 31, 2015. Non-GAAP net income for the year ended December 31, 2016 excludes a legal settlement expense of $33.1 million, as well as restructuring and impairment charges of $19.3 million and the related tax effect. Non-GAAP net income for the year ended December 31, 2015 excludes restructuring and impairment charges of $68.4 million and the related tax effect, as well as tax expense of $43.7 million relating to the valuation allowance against deferred tax assets.

    Non-GAAP diluted earnings per share for the year ended December 31, 2016 was $0.18, compared with non-GAAP diluted earnings per share of $0.35 for the year ended December 31, 2015.

    Balance Sheet and Cash Flow

    As of December 31, 2016, the Company had cash, cash equivalents, restricted cash and investments of $381.8 million, compared with cash, cash equivalents, restricted cash and investments of $374.0 million as of December 31, 2015.

    The Company generated $11.1 million of cash from operating activities during the year ended December 31, 2016, compared with $18.8 million of cash from operating activities during the year ended December 31, 2015.

    Student Enrollment

    Total student enrollment at the Company's academic institutions, Ashford University and University of the Rockies, was 45,087 at December 31, 2016, compared with total student enrollment of 49,159 at December 31, 2015.

    As of December 31, 2016, the 12-month retention for all Ashford students who were active on the last day of the fourth quarter of 2015 was 59.8%. As of December 31, 2015, the 12-month retention for all Ashford students who were active on the last day of the fourth quarter of 2014 was 61.3%.

    About Non-GAAP Financial Measures

    This press release contains non-GAAP financial measures for non-GAAP operating income, non-GAAP net income and non-GAAP diluted earnings per share, which exclude a legal settlement expense, restructuring and impairment charges, and certain income tax adjustments, as applicable. These non-GAAP financial measures are not prepared in accordance with U.S. generally accepted accounting principles (GAAP) and are not based on a comprehensive set of accounting rules. Management believes non-GAAP financial measures are useful in providing investors with an understanding of how specific line items in the consolidated statements of income are affected by items that may not be indicative of the operating results of the Company's core business. To the extent that other companies use similar methods in calculating and reporting non-GAAP operating results, the Company believes provision of supplemental non-GAAP financial information allows for a meaningful comparison of the Company's performance against the performance of other companies. The Company further believes that these non-GAAP financial measures provide useful information regarding its ongoing operating activities and business trends related to its results of operations, as well as a meaningful comparison with historical financial results. The Company's management and board of directors utilize these non-GAAP financial measures, together with the Company's financial statements prepared in accordance with GAAP, in developing operating budgets and evaluating the Company's performance. These non-GAAP financial measures are intended to supplement GAAP financial information, and should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. In addition, these non-GAAP financial measures may be different from non-GAAP financial measures used by other companies. Refer to the accompanying tables for a detailed reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures.

    Earnings Conference Call and Webcast

    Bridgepoint Education will host a conference call and webcast at 5:00 p.m. ET (2:00 p.m. PT) today to discuss its latest financial results and recent highlights. The dial-in number for callers in the United States / Canada is (866) 859-7412, and the dial-in number for other callers is (832) 900-4623. The access code for all callers is 74641308. A live broadcast of the call will also be available on the Company's website at http://ir.bridgepointeducation.com.

    A replay of the call will be available via telephone through April 7, 2017. To access the replay, callers in the United States and Canada should dial (855) 859-2056 and other callers should dial (404) 537-3406. The access code for all callers is 74641308.

    About Bridgepoint Education

    Bridgepoint Education, Inc. harnesses the latest technology to reimagine the modern student experience. Bridgepoint owns two academic institutions - Ashford University and University of the Rockies. Together, these programs, technologies, and resources represent a unique model for advancing education in the 21st century. Bridgepoint stands for greater access, social learning, and exposure to leading minds. For more information, visit www.bridgepointeducation.com or www.facebook.com/BridgepointEducation.

    Forward-Looking Statements

    This news release may contain forward-looking statements, including, without limitation, statements regarding management's intentions, hopes, beliefs or expectations, and statements regarding the Company's outlook for 2017 and beyond. These forward-looking statements are subject to risks and uncertainties that could cause the Company's actual performance or results to differ materially from those expressed in or suggested by such statements. Such risks and uncertainties include, without limitation, the failure to comply with the extensive regulatory framework applicable to the Company and its institutions, adverse administrative, economic, legislative or regulatory changes affecting the Company and its institutions, the imposition of fines or other corrective measures against the Company's institutions, competition in the postsecondary education market and its potential impact on the Company's market share, recruiting costs and tuition rates, reputational and other risks related to potential compliance audits, regulatory or legal actions, negative publicity or service disruptions, and the inability to recruit and retain students or develop new or expanded programs in a timely and cost-effective manner.

    Additional information on factors that could affect the Company's performance or results is included from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including, but not limited to, the Company's Annual Report on Form 10-K for the year ended December 31, 2016 to be filed with the SEC, the Company's quarterly reports on Form 10-Q and the Company's current reports on Form 8-K. You should not place undue reliance on any forward-looking statements. Forward-looking statements are made on the basis of management's good faith beliefs, expectations and assumptions regarding future events based on information available at the time such statements are made. Forward-looking statements speak only as of the date they are made. The Company assumes no obligation to update or revise any forward-looking statements to reflect actual results or any changes in assumptions, expectations or other factors affecting such forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable securities laws.

    Contact: Kevin Royal, Chief Financial Officer
    (866) 475-0317 x11120
    investorrelations@bridgepointeducation.com

    BRIDGEPOINT EDUCATION, INC. Consolidated Statements of Income (Loss) (In thousands, except per share amounts) Three Months Ended Year Ended December 31, December 31, 2016 2015 2016 2015 ---- ---- ---- ---- Revenue $119,535 $131,392 $527,090 $561,729 Costs and expenses: Instructional costs and services 63,769 65,840 263,898 281,496 Admissions advisory and marketing 45,408 48,948 202,206 197,584 General and administrative 12,134 13,674 48,843 56,588 Legal settlement expense 170 - 33,088 - Restructuring and impairment charges 16,510 9,034 19,276 68,356 ------ ----- ------ ------ Total costs and expenses 137,991 137,496 567,311 604,024 Operating loss (18,456) (6,104) (40,221) (42,295) Other income, net 414 607 2,306 2,106 Loss before income taxes (18,042) (5,497) (37,915) (40,189) Income tax (benefit) expense (4,253) 1,190 (7,875) 30,265 Net loss $(13,789) $(6,687) $(30,040) $(70,454) ======== ======= ======== ======== Loss per share: Basic $(0.30) $(0.15) $(0.65) $(1.54) Diluted $(0.30) $(0.15) $(0.65) $(1.54) Weighted average number of common shares outstanding used in computing loss per share: Basic 46,373 45,799 46,228 45,665 Diluted 46,373 45,799 46,228 45,665

    BRIDGEPOINT EDUCATION, INC. Consolidated Balance Sheets (In thousands, except par value) As of December 31, 2016 2015 ---- ---- ASSETS Current assets: Cash and cash equivalents $307,802 $282,145 Restricted cash 24,533 24,685 Investments 49,434 19,387 Accounts receivable, net 26,457 24,091 Student loans receivable, net - 775 Prepaid expenses and other current assets 23,467 52,192 ------ ------ Total current assets 431,693 403,275 Property and equipment, net 12,218 21,742 Investments - 47,770 Student loans receivable, net - 7,394 Goodwill and intangibles, net 17,419 21,265 Other long-term assets 2,046 5,320 ----- ----- Total assets $463,376 $506,766 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable and accrued liabilities $77,866 $79,196 Deferred revenue and student deposits 74,666 88,756 ------ Total current liabilities 152,532 167,952 Rent liability 16,508 20,118 Other long-term liabilities 13,630 15,046 ------ ------ Total liabilities 182,670 203,116 Total stockholders' equity 280,706 303,650 ------- ------- Total liabilities and stockholders' equity $463,376 $506,766 ======== ========

    BRIDGEPOINT EDUCATION, INC. Consolidated Statements of Cash Flows (In thousands) Year Ended December 31, 2016 2015 ---- ---- Cash flows from operating activities Net loss $(30,040) $(70,454) Adjustments to reconcile net loss to net cash provided by operating activities: Provision for bad debts 32,583 29,863 Depreciation and amortization 13,082 19,578 Amortization of premium/ discount 68 475 Deferred income taxes 28 40,944 Stock-based compensation 7,317 9,710 Excess tax benefit of option exercises - (460) Loss on impairment of student loans receivable 7,542 1,328 Net loss (gain) on marketable securities (164) 91 Loss on termination of leased space 13,244 17,047 Loss on disposal or impairment of fixed assets 3,024 44,949 Changes in operating assets and liabilities: Accounts receivable (34,790) (32,383) Prepaid expenses and other current assets 13,225 (14,446) Student loans receivable 876 1,139 Other long-term assets 3,274 (2,845) Accounts payable and accrued liabilities 4,778 1,104 Deferred revenue and student deposits (14,078) (19,170) Other liabilities (8,886) (7,669) ------ ------ Net cash provided by operating activities 11,083 18,801 ------ ------ Cash flows from investing activities Capital expenditures (1,925) (2,477) Purchases of investments (20,260) (20,280) Capitalized costs for intangible assets (830) (2,153) Sales of investments - 10,101 Maturities of investments 37,756 66,096 ------ ------ Net cash provided by investing activities 14,741 51,287 ------ ------ Cash flows from financing activities Proceeds from exercise of stock options 1,331 284 Excess tax benefit of option exercises - 460 Proceeds from the issuance of stock under employee stock purchase plan 246 261 Tax withholding on issuance of stock awards (1,896) (1,341) Proceeds from failed sale- leaseback transaction - 4,141 --- ----- Net cash provided by (used in) financing activities (319) 3,805 ---- ----- Net increase in cash, cash equivalents and restricted cash 25,505 73,893 Cash, cash equivalents and restricted cash at beginning of period 306,830 232,937 ------- Cash, cash equivalents and restricted cash at end of period $332,335 $306,830 ======== ========

    BRIDGEPOINT EDUCATION, INC. Reconciliation of GAAP to Non-GAAP Financial Measures (In thousands, except per share amounts) (Unaudited) Three Months Ended Year Ended December 31, December 31, 2016 2015 2016 2015 ---- ---- ---- ---- Operating Income (Loss) Reconciliation: GAAP operating loss $(18,456) $(6,104) $(40,221) $(42,295) Legal settlement expense 170 - 33,088 - Restructuring and impairment charges 16,510 9,034 19,276 68,356 ------ ----- ------ ------ Non-GAAP operating income (loss) $(1,776) $2,930 $12,143 $26,061 ======= ====== ======= ======= Net Income (Loss) Reconciliation: GAAP net loss $(13,789) $(6,687) $(30,040) $(70,454) Legal settlement expense 170 - 33,088 - Restructuring and impairment charges 16,510 9,034 19,276 68,356 Income tax impact (3,566) (3,388) (13,973) (25,634) Incremental income tax expense related to establishment of valuation allowance - 2,999 - 43,655 --- ----- --- ------ Non-GAAP net income (loss) $(675) $1,958 $8,351 $15,923 ===== ====== ====== ======= Diluted Earnings (Loss) Per Share Reconciliation: GAAP diluted loss per share $(0.30) $(0.15) $(0.65) $(1.54) Legal settlement expense 0.01 - 0.71 - Restructuring and impairment charges 0.35 0.20 0.42 1.49 Income tax impact (0.07) (0.07) (0.30) (0.56) Incremental income tax expense related to establishment of valuation allowance - 0.06 - 0.96 --- ---- --- ---- Non-GAAP diluted earnings (loss) per share $(0.01) $0.04 $0.18 $0.35 ====== ===== ===== =====

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bridgepoint-education-reports-fourth-quarter-and-full-year-2016-results-300419463.html

    Photo: http://mma.prnewswire.com/media/145861/bridgepoint_education_logo.jpg Bridgepoint Education

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




    Leidos to Participate in the J.P. Morgan Aviation, Transportation and Industrials ConferenceLive Audio Webcast Available on March 14th from 1:45pm to 2:20pm ET

    RESTON, Va., March 7, 2017 /PRNewswire/ -- Leidos , a global science and technology company, will present at the J.P. Morgan Aviation, Transportation and Industrials Conference in New York City.

    Roger Krone, Chairman and Chief Executive Officer, will participate in a question and answer 'fireside chat' at 1:45pm Eastern time on Tuesday, March 14th, 2017.

    A live audio webcast of the event will be available on the Leidos Investor Relations website at http://investors.leidos.com. A replay of the webcast will be available following the session at the same link listed above for 90 days afterward.

    About Leidos
    Leidos is a global science and technology solutions and services leader working to solve the world's toughest challenges in the defense, intelligence, homeland security, civil, and health markets. The company's 32,000 employees support vital missions for government and commercial customers. Headquartered in Reston, Virginia, Leidos reported annual revenues of approximately $7.04 billion for the fiscal year ended December 30, 2016. For more information, visit www.Leidos.com.

    Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties. A number of factors could cause our actual results, performance, achievements, or industry results to be very different from the results, performance, or achievements expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to, the risk factors set forth in the company's Annual Report on Form 10-K for the period ended December 30, 2016, and other such filings that Leidos makes with the SEC from time to time. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof.

    CONTACTS: Media: Investors: Melissa Koskovich Kelly P. Hernandez 571.526.6851 571.526.6404 koskovichm@leidos.com Kelly.p.hernandez@leidos.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/leidos-to-participate-in-the-jp-morgan-aviation-transportation-and-industrials-conference-300419509.html

    Photo: http://mma.prnewswire.com/media/4662/leidos_logo_4817_21071_.jpg Leidos

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




    Ooma Reports Fourth Quarter and Fiscal Year 2017 Financial Results

    PALO ALTO, Calif., March 7, 2017 /PRNewswire/ -- Ooma, Inc. , a smart communications platform for small businesses and consumers, today released financial results for the fourth quarter and fiscal year 2017 ended January 31, 2017.

    Fourth Quarter Fiscal 2017 Financial Highlights:

    --  Revenue: Total revenue was $27.6 million, up 13% year-over-year.
    Subscription and services revenue increased 17% year-over-year to $24.0
    million, and was 87% of total revenue. Product and other revenue
    decreased 6% year-over-year to $3.5 million, and was 13% of total
    revenue.
    --  Net Loss: GAAP net loss was $2.8 million, or $0.16 per basic and diluted
    share, compared to GAAP net loss of $3.2 million, or $0.19 per basic and
    diluted share, in the fourth quarter of fiscal 2016. Non-GAAP net loss
    was $0.2 million, or $0.01 per basic and diluted share, compared to
    non-GAAP net loss of $1.6 million, or $0.10 per basic and diluted share,
    in the fourth quarter of fiscal 2016.
    --  Adjusted EBITDA: Adjusted EBITDA was $0.2 million for the fourth quarter
    of fiscal 2017 compared to ($1.3) million in the prior year period.
    

    Fiscal Year 2017 Financial Highlights:

    --  Revenue: Total revenue was $104.5 million, up 18% year-over-year.
    Subscription and services revenue increased 25% year-over-year to $91.1
    million, and was 87% of total revenue. Product and other revenue
    decreased 15% year-over-year to $13.4 million, and was 13% of total
    revenue.
    --  Net Loss: GAAP net loss was $12.9 million, or $0.74 per basic and
    diluted share, compared to GAAP net loss of $14.1 million, or $1.38 per
    basic and diluted share, in fiscal 2016. Non-GAAP net loss was $2.7
    million, or $0.16 per basic and diluted share, compared to non-GAAP net
    loss of $8.5 million, or $0.84 per basic and diluted share, in fiscal
    2016.
    --  Adjusted EBITDA: Adjusted EBITDA was ($1.4) million for fiscal 2017
    compared to ($6.5) million in the prior year period.
    

    For more information about non-GAAP net loss and Adjusted EBITDA, see the section below titled "Non-GAAP Financial Measures" and the reconciliation provided in this release.

    "We are executing well on our broad vision to develop our small business customer base and expand beyond telephony into new services," said Eric Stang, chief executive officer of Ooma. "Ooma delivered strong financial results in the fourth quarter and for fiscal 2017, driven primarily by our high growth in Ooma Office. Looking ahead to fiscal 2018, we intend to continue the growth of our small business customer base, add new services on our platform, and invest in new innovation and partnerships. Our collaboration with WeWork is an exciting new development for us and opens a new channel with a major global partner."

    Recent Business Highlights:

    --  Announced Ooma Office was selected as an official provider of
    cloud-based business phone services to WeWork members in the United
    States and Canada.
    --  Introduced Ooma Home Security, a comprehensive do-it-yourself home
    security and monitoring solution that alerts users of events within
    their homes.
    

    Business Outlook:

    For the first quarter fiscal 2018, Ooma expects to report:

    --  Total revenue between $27.8 million to $28.4 million.
    --  GAAP net loss in the range of $3.3 million to $3.8 million, and non-GAAP
    net loss in the range of $0.4 million to $0.7 million.
    --  GAAP net loss per share in the range of $0.18 to $0.21, and non-GAAP net
    loss per share in the range of $0.02 to $0.04 based on approximately
    18.3 million basic and diluted weighted average common shares
    outstanding.
    

    For the full fiscal year 2018, Ooma expects to report:

    --  Total revenue in the range of $121.0 million to $124.0 million.
    --  GAAP net loss in the range of $13.4 million to $14.9 million, and
    non-GAAP net loss in the range of $1.5 million to $2.5 million.
    --  GAAP net loss per share in the range of $0.71 to $0.79, and non-GAAP net
    loss per share in the range of $0.08 to $0.13 based on approximately
    18.8 million basic and diluted weighted average common shares
    outstanding.
    

    The following is a reconciliation of GAAP net loss to non-GAAP net loss and GAAP basic and diluted earnings per share to non-GAAP basic and diluted earnings per share guidance for the fiscal first quarter and the fiscal year ending January 31, 2018:

    Reconciliation of GAAP Net Loss and GAAP Basic and Diluted Net Loss per Share Guidance to Non-GAAP Net Loss and Non-GAAP Basic and Diluted Net Loss per Share Guidance (In millions, except per share data) Projected range Three Months Ending Fiscal Year Ending April 30, 2017 January 31, 2018 -------------- ---------------- (unaudited) GAAP Net Loss $(3.3)-$(3.8) $(13.4)-$(14.9) Stock-based compensation and related taxes 2.8-3.0 11.5-12.0 Amortization of intangibles 0.1 0.4 Non-GAAP Net Loss $(0.4)-$(0.7) $(1.5)-$(2.5) ============ ============ Basic and Diluted Net Loss per Share on a GAAP basis $(0.18)-$(0.21) $(0.71)-$(0.79) Stock-based compensation and related taxes 0.15-0.16 0.61-0.64 Amortization of intangibles 0.01 0.02 ---- ---- Basic and Diluted Net Loss per Share on a Non-GAAP basis $(0.02)-$(0.04) $(0.08)-$(0.13) ============== ============== Weighted-average number of shares used in per share amounts: Basic and diluted 18.3 18.8 ==== ====

    Conference Call Information:

    Ooma will host a conference call and live webcast for analysts and investors at 5:00 p.m. Eastern time today, March 7, 2017. The news release with the financial results will be accessible from the company's website prior to the conference call. Parties in the United States and Canada can access the call by dialing +1 (888)-271-8583, using conference code 6156581. International parties can access the call by dialing +1 (913)-312-1507, using conference code 6156581.

    The webcast will be accessible on Ooma's investor relations website at http://investors.ooma.com for a period of one year. A telephonic replay of the conference call will be available through Tuesday, March 14, 2017. To access the replay, parties in the United States and Canada should call +1 (888)-203-1112 and enter conference code 6156581. International parties should call +1 (719)-457-0820 and enter conference code 6156581.

    Non-GAAP Financial Measures

    In addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), this press release and the accompanying tables contain certain non-GAAP financial measures, including: non-GAAP net loss, non-GAAP net loss per share, non-GAAP gross profit and gross margin, non-GAAP operating loss, and Adjusted EBITDA. Adjusted EBITDA represents the net loss before interest and other income, depreciation and amortization and other non-GAAP expenses.

    These non-GAAP financial measures exclude non-cash stock-based compensation expense and related taxes, amortization of intangibles, the change in fair value of our acquisition-related contingent consideration, change in fair value of warrants and write-off of non-cash deferred debt issuance costs.

    These non-GAAP financial measures are presented to enhance investors' understanding of the results of Ooma's core business operations. Ooma considers these non-GAAP financial measures to be useful measures of the operating performance of the company, because they contain adjustments for unusual events or factors that do not directly affect what management considers to be Ooma's core operating performance, and are used by the company's management for that purpose. Management also believes that these non-GAAP financial measures allow for a better evaluation of the company's performance by facilitating a meaningful comparison of the company's core operating results in a given period to those in prior and future periods. In addition, investors often use similar measures to evaluate the operating performance of a company.

    Non-GAAP financial measures are presented for supplemental informational purposes only to aid an understanding of the company's operating results. The non-GAAP financial measures should not be considered a substitute for financial information presented in accordance with GAAP, and may be different from non-GAAP financial measures presented by other companies. A limitation of the non-GAAP financial measures presented is that the adjustments relate to items that the company generally expects to continue to recognize. The adjustment of these items should not be construed as an inference that the adjusted gains or expenses are unusual, infrequent or non-recurring. Therefore, both GAAP financial measures of Ooma's financial performance and the respective non-GAAP measures should be considered together. Please see the reconciliation of non-GAAP financial measures to the most directly comparable GAAP measure in the tables below.

    Disclosure Information

    Ooma uses the investor relations section on its website as means of complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor Ooma's investor relations website in addition to following Ooma's press releases, SEC filings, and public conference calls and webcasts.

    Legal Notice Regarding Forward-Looking Statements

    This press release contains forward-looking statements under the Private Securities Litigation Reform Act of 1995. In particular, statements regarding future economic performance, finances, and expectations and objectives of management constitute forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historical facts and generally contain words such as "believes," "expects," "may," "will," "should," "seeks," "approximately," "intends," "plans," "estimates," "anticipates," and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters. In particular, this press release includes forward looking statements regarding continued growth of our subscriber base, the strength and quality of our SaaS platform, our competitive advantage serving small business, home and mobile customers, and improvement in our financial performance. Although the forward-looking statements contained in this press release are based upon information available at the time the statements are made and reflect management's good faith beliefs, forward-looking statements inherently involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to differ materially from anticipated future results. Important factors that could cause actual results to differ materially from expectations include, among others: our inability to attract new customers on a cost-effective basis; our inability to retain customers; intense competition; our reliance on retailers and reseller partnerships to sell our products; our reliance on vendors to manufacture the on-premise appliances and end-point devices we sell; our reliance on third parties for our network connectivity and co-location facilities; our reliance on third parties for some of our software development, quality assurance and operations; our reliance on third parties to provide the majority of our customer service and support representatives; our limited operating history; and interruptions to our service. You should not place undue reliance on these forward-looking statements, which speak only as of the date hereof. We do not undertake to update or revise any forward-looking statements after they are made, whether as a result of new information, future events, or otherwise, except as required by applicable law.

    The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including the risk factors contained in our Quarterly Report Form 10-Q for the quarter ended October 31, 2016, filed with the SEC on December 9, 2016. The forward-looking statements in this press release are based on information available to Ooma as of the date hereof, and Ooma disclaims any obligation to update any forward-looking statements, except as required by law.

    About Ooma

    Founded in 2004, Ooma creates new communications experiences for small businesses and consumers. Its smart platform serves as a communications hub, which offers cloud-based telephony, internet security, home security and other connected services. Ooma combines PureVoice HD call quality and innovative features with mobile applications for reliable anytime, anywhere calling. The company has been ranked the No. 1 home phone service for overall satisfaction and value for five consecutive years by the leading consumer research publication. Ooma is also partnering with connected device makers to create smarter offices and homes. Ooma is available from leading retailers including Amazon, Best Buy, Costco and Walmart. For more information about Ooma, please visit www.ooma.com or follow us on Twitter, LinkedIn or Facebook.

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

    OOMA, INC CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands) January 31, January 31, 2017 2016 ---- ---- (unaudited) Assets Current assets: Cash and cash equivalents $3,990 $27,413 Short- term investments 49,211 27,991 Accounts receivable, net 4,714 5,609 Inventories 5,830 5,011 Deferred inventory costs 1,620 2,013 Prepaid expenses and other current assets 1,891 1,318 ----- ----- Total current assets 67,256 69,355 Property and equipment, net 4,176 4,291 Intangible assets, net 537 885 Goodwill 1,117 1,117 Other assets 252 888 Total assets $73,338 $76,536 ======= ======= Liabilities and stockholders' equity Current liabilities: Accounts payable $5,857 $4,786 Accrued expenses 11,579 13,010 Short- term capital lease - 632 Deferred revenue 15,521 15,036 ------ ------ Total current liabilities 32,957 33,464 Other liabilities 561 182 --- --- Total liabilities 33,518 33,646 Stockholders' equity: Common stock 2 2 Additional paid-in capital 117,639 107,679 Accumulated other comprehensive (loss) income (11) 17 Accumulated deficit (77,810) (64,808) Total stockholders' equity 39,820 42,890 ------ ------ Total liabilities and stockholders' equity $73,338 $76,536 ======= =======

    OOMA, INC. CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Amounts in thousands, except share and per share data) (unaudited) Three Months Ended Fiscal Year Ended ------------------ ----------------- January 31, January 31, January 31, January 31, 2017 2016 2017 2016 ---- ---- ---- ---- Revenue: Subscription and services $24,041 $20,569 $91,127 $73,064 Product and other 3,523 3,742 13,397 15,711 ----- ----- ------ ------ Total revenue 27,564 24,311 104,524 88,775 Cost of revenue: Subscription and services 7,547 7,066 29,650 25,715 Product and other 4,229 4,083 15,545 16,150 ----- ----- ------ ------ Total cost of revenue 11,776 11,149 45,195 41,865 ------ ------ ------ ------ Gross profit 15,788 13,162 59,329 46,910 Operating expenses: Sales and marketing 8,793 8,287 33,768 28,534 Research and development 6,415 5,173 24,239 18,502 General and administrative 3,493 2,895 14,598 12,561 ----- ------ Total operating expenses 18,701 16,355 72,605 59,597 ------ ------ ------ ------ Loss from operations: (2,913) (3,193) (13,276) (12,687) Other income (expense): Interest income (expense), net 111 21 370 (881) Change in fair value of warrants - - - (442) Other expense, net (30) (11) (43) (42) --- --- --- --- Net loss $(2,832) $(3,183) $(12,949) $(14,052) ======= ======= ======== ======== Net loss per share of common stock: Basic and diluted $(0.16) $(0.19) $(0.74) $(1.38) ====== ====== ====== ====== Weighted-average number of shares used in per share amounts: Basic and diluted 17,945,451 16,876,654 17,490,448 10,173,095 ========== ========== ========== ==========

    OOMA, INC CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited, amount in thousands) Three Months Ended Fiscal Year Ended ------------------ ----------------- January 31, January 31, January 31, January 31, 2017 2016 2017 2016 ---- ---- ---- ---- Cash flows from operating activities: Net loss $(2,832) $(3,183) $(12,949) $(14,052) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Stock-based compensation expense 2,529 1,928 9,772 4,653 Depreciation and amortization 529 364 1,849 1,410 Amortization of intangibles 83 98 348 393 Write-off of non-cash deferred debt issuance costs - - - 332 Other non-cash expense (income), net 13 - 10 64 Change in fair value of acquisition- related contingent consideration - (448) - (281) Change in fair value of warrant liability - - - 442 Changes in operating assets and liabilities: Accounts receivable, net 152 638 895 (1,215) Inventories (1,238) 778 (819) 3,070 Deferred inventory costs (177) 661 393 235 Prepaid expenses and other assets 183 61 84 (470) Accounts payable and accrued expenses 667 96 (99) 4,392 Other liabilities (10) (44) (57) (132) Deferred revenue 662 (510) 958 689 --- ---- --- --- Net cash provided by (used in) operating activities 561 439 385 (470) Cash flows from investing activities: Purchases of short-term investments (14,829) (28,078) (59,007) (28,078) Proceeds from maturity of short-term investments 11,680 - 32,330 - Proceeds from sale of short-term investments 900 - 5,266 - Purchases of property and equipment (412) (1,767) (1,558) (2,884) ---- ------ ------ ------ Net cash used in investing activities (2,661) (29,845) (22,969) (30,962) Cash flows from financing activities: Proceeds from initial public offering, net - (282) - 57,021 Proceeds from Series Beta preferred stock, net - - - 5,000 Repayment of debt and capital leases - (163) (628) (11,620) Payment of preferred warrant liability - - - (584) Payment of acquisition related earn- out - (64) (100) (326) Shares repurchased for tax withholdings on vesting of restricted stock units (248) - (1,588) - Proceeds from issuance of common stock related to warrants and employee stock benefit plans 30 43 1,477 221 --- --- ----- --- Net cash (used in) provided by financing activities (218) (466) (839) 49,712 ---- ---- ---- ------ Net (decrease) increase in cash and cash equivalents (2,318) (29,872) (23,423) 18,280 Cash and cash equivalents at beginning of period 6,308 57,285 27,413 9,133 ----- ------ ------ ----- Cash and cash equivalents at end of period $3,990 $27,413 $3,990 $27,413 ====== ======= ====== =======

    OOMA, INC. Reconciliation of Non-GAAP Financial Measures Impact of Non-GAAP Adjustments on Reported Net Loss (Amounts in thousands, except percentages and per share data) (unaudited) Three Months Ended Fiscal Year Ended ------------------ ----------------- January 31, January 31, January 31, January 31, 2017 2016 2017 2016 ---- ---- ---- ---- Revenue $27,564 $24,311 $104,524 $88,775 Reconciliation of GAAP Gross Profit and GAAP Gross Margin to Non-GAAP Gross Profit and Non- GAAP Gross Margin: GAAP Gross Profit $15,788 $13,162 $59,329 $46,910 Stock-based compensation and related taxes 286 176 1,038 437 Amortization of intangibles 40 40 162 163 Non-GAAP Gross Profit $16,114 $13,378 $60,529 $47,510 ======= ======= ======= ======= Gross Margin on a GAAP basis 57% 54% 57% 53% Gross Margin on a Non-GAAP basis 58% 55% 58% 54% Reconciliation of Operating Loss on a GAAP Basis to Operating Loss on a Non-GAAP Basis: GAAP Operating Loss $(2,913) $(3,193) $(13,276) $(12,687) Stock-based compensation and related taxes 2,546 1,928 9,866 4,653 Amortization of intangibles 83 98 348 393 Change in fair value of acquisition-related contingent consideration - (448) - (281) Non-GAAP Operating Loss $(284) $(1,615) $(3,062) $(7,922) ===== ======= ======= ======= Reconciliation of GAAP Net Loss to Non-GAAP Net Loss: GAAP Net Loss $(2,832) $(3,183) $(12,949) $(14,052) Stock-based compensation and related taxes 2,546 1,928 9,866 4,653 Amortization of intangibles 83 98 348 393 Change in fair value of acquisition-related contingent consideration - (448) - (281) Change in fair value of warrants - - - 442 Write-off of non-cash deferred debt issuance costs - - - 332 Non-GAAP Net Loss $(203) $(1,605) $(2,735) $(8,513) ===== ======= ======= ======= Reconciliation of Basic and Diluted Net Loss per Share on a GAAP Basis to Basic and Diluted Net Loss per Share on a Non-GAAP Basis: Basic and Diluted Net Loss per share on a GAAP basis $(0.16) $(0.19) $(0.74) $(1.38) Stock-based compensation and related taxes 0.14 0.11 0.56 0.46 Amortization of intangibles 0.01 0.01 0.02 0.04 Change in fair value of acquisition-related contingent consideration - (0.03) - (0.03) Change in fair value of warrants - - - 0.04 Write-off of non-cash deferred debt issuance costs - - - 0.03 Basic and Diluted Net Loss per share on a Non-GAAP basis $(0.01) $(0.10) $(0.16) $(0.84) ====== ====== ====== ====== Reconciliation of Net Loss to Adjusted EBITDA: Net Loss $(2,832) $(3,183) $(12,949) $(14,052) Reconciling items: Interest and other (income) expense, net (81) (10) (327) 591 Depreciation and amortization 455 364 1,648 1,410 Amortization of intangibles 83 98 348 393 Stock-based compensation and related taxes 2,546 1,928 9,866 4,653 Change in fair value of acquisition-related contingent consideration - (448) - (281) Change in fair value of warrants - - - 442 Write-off of non-cash deferred debt issuance costs - - - 332 Adjusted EBITDA $171 $(1,251) $(1,414) $(6,512) ==== ======= ======= =======

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ooma-reports-fourth-quarter-and-fiscal-year-2017-financial-results-300419646.html

    Ooma, Inc.

    CONTACT: Investor Relations: Cynthia Hiponia or Erin Rheaume, The
    Blueshirt Group for Ooma, Inc., ir@ooma.com, (650) 300-1480 or Public
    Relations: Brian Jaquet, Brian.Jaquet@ooma.com, (650) 300-2125

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




    The Global Silicon Valley Handbook to Launch March 7A Fun, yet Factual Guide to Thrive Not Only in Silicon Valley, but in the Emerging Global Silicon Valley

    WOODSIDE, Calif., March 7, 2017 /PRNewswire/ -- Silicon Valley has become synonymous with big ideas, start-ups, and inventing the future. But today, the magic of Silicon Valley has gone viral and global. From Austin to Boston, Chicago to Sao Paulo, from Shanghai to Mumbai to Dubai, a Global Silicon Valley is emerging.

    In The Global Silicon Valley Handbook, bestselling author, venture capitalist, and global thought leader, Michael Moe, maps out an insider's guide to Silicon Valley and the hottest emerging markets around the world. The book highlights needs-to-know, including who are the top VCs and angel investors, phrases to avoid in a pitch, and even where to close a deal over dinner or beers. Key features include:

    --  Top 50 Global Innovation Hotspots: Take a journey to the key startup
    scenes around the world -- from Seattle to Sydney, Stockholm, and Seoul.
    --  Market Profiles + Local Lowdown: Needs-to-know including the top VCs and
    angel investors, can't-miss events, what the locals wear and drive, and
    where to close a deal over dinner or beers.
    --  Insider Tips + Fun Facts: Phrases to avoid in a pitch, networking
    etiquette and required reading. Plus the Pioneer 250, a list of emerging
    private companies poised to become the world's next Unicorns.
    

    Legendary venture capitalist, Dick Kramlich says, "It had to happen! Silicon Valley is now ubiquitous! The Global Silicon Valley Handbook gives you facts and an informed opinion about everything you need to know when starting your company."

    Carol Bartz, the renowned former CEO of Yahoo and Autodesk says, "Entrepreneurs do change the world... The Global Silicon Valley Handbook is chock full of invaluable information on who you need to know, what you need to know, and where you need to go."

    Tim Draper, of venture capital and entrepreneurial acclaim says, "Finally! A book from a true Silicon Valley ecosystem innovator! The Global Silicon Valley Handbook is an entertaining 'must read' for anyone interested in how this Valley works. Michael Moe takes you around the Valley with an entertaining tongue-in-cheek edge, while giving you the smarts you need to become a success in the tech world. Dig in. You will read it again and again."

    The Global Silicon Valley Handbook aspires to inspire the entrepreneur in all of us. To purchase a copy please visit:

    --  Amazon:
    https://www.amazon.com/Global-Silicon-Valley-Handbook/dp/145557032X/ref=
    sr_1_1?s=books&ie=UTF8&qid=1481309141&sr=1-1&keywords=global+silicon+val
    ley+handbook
    --  Barnes & Noble:
    http://www.barnesandnoble.com/w/the-global-silicon-valley-handbook-micha
    el-moe/1123470297?ean=9781455570324
    --  iBooks:
    https://geo.itunes.apple.com/us/book/global-silicon-valley-handbook/id10
    88914674?mt=11
    --  Indiebound: http://www.indiebound.org/book/9781455570324
    --  Kobo:
    https://www.kobo.com/us/en/ebook/the-global-silicon-valley-handbook
    

    Release date: March 7, 2017
    US: $19.99, Canada $25.99

    About GSV Capital Corp.

    GSV Capital Corp. (GSVC) is a publicly traded investment fund that seeks to invest in high-growth, venture-backed private companies. Led by industry veteran Michael Moe, the Company seeks to create a portfolio of high-growth emerging private companies via a repeatable and disciplined investment approach, as well as to provide investors with access to such companies through its publicly traded common stock. GSV Capital is headquartered in Woodside, CA. www.gsvcap.com

    Contact: Terri Tiffany
    SandHill PR Partners
    Terri@SandHillPRPartners.com
    650 387-7720

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-global-silicon-valley-handbook-to-launch-march-7-300419825.html

    Photo: http://mma.prnewswire.com/media/475881/The_Global_Silicon_Valley_Handbook.jpg Global Silicon Valley Capital



    Extreme Networks Signs Agreement To Purchase Avaya's Networking Business

    SAN JOSE, Calif., March 7, 2017 /PRNewswire/ -- Extreme Networks, Inc. ("Extreme") today announced it has entered into an asset purchase agreement with Avaya Inc. to acquire its networking business. Under the terms of the agreement, the assets of Avaya's networking business unit will be sold to Extreme for approximately $100 million, in accordance with the terms and conditions of the asset purchase agreement.

    "The addition of Avaya's networking business is consistent with our growth strategy and will broaden Extreme's enterprise solutions capabilities by complementing our product portfolio across our vertical markets," stated Ed Meyercord, President and CEO of Extreme Networks. "Furthermore, we expect the Avaya business to generate over $200 million in annual revenue, increase our market share and offer new opportunities for our customers. Although our agreement is subject to required approvals, the timing of which is uncertain, we expect the combined businesses can achieve synergies and provide accretion to Extreme's fiscal 2018 earnings and cash flow."

    Avaya announced it filed voluntary petitions under chapter 11 of the U.S. Bankruptcy Code on January 19, 2017. This agreement will constitute a primary bid for the networking business in a sale process being conducted under Section 363 of the U.S. Bankruptcy Code. As the stalking horse bidder, Extreme will be entitled to a break-up fee and expense reimbursement, if it ultimately does not prevail as the successful bidder at the required auction for Avaya's assets. The auction process and final agreement will be subject to the approval of the United States Bankruptcy Court for the Southern District of New York. In addition, completion of the transaction remains subject to customary closing conditions and regulatory approvals. The auction process and transaction closing are expected to conclude within 3 to 4 months.

    Conference Call
    Extreme Networks will host a conference call at 4:30 p.m. Eastern / 1:30 p.m. Pacific today to discuss this announcement. The conference call will be available to the public through a live audio web broadcast via the Internet at http://investor.extremenetworks.com. The conference call may also be heard by dialing 1-877-303-9826 (international callers dial 1-224-357-2194). The encore recording will be available until March 14, 2017 and can be accessed by dialing (855) 859-2056 or international 1 (404) 537-3406 with the conference ID # 83937656.

    About Extreme Networks
    Extreme Networks, Inc. (EXTR) delivers software-driven networking solutions that help IT departments everywhere deliver the ultimate business outcome: stronger connections with customers, partners and employees. Wired to wireless, desktop to data center, on premise or through the cloud, we go to extreme measures for our customers in more than 80 countries, delivering 100% insourced call-in technical support to organizations large and small, including some of the world's leading names in business, hospitality, retail, transportation and logistics, education, government, healthcare and manufacturing. Founded in 1996, Extreme is headquartered in San Jose, California. For more information, visit Extreme's website or call 1-888-257-3000.

    Extreme Networks and the Extreme Networks logo are either trademarks or registered trademarks of Extreme Networks, Inc. in the United States and/or other countries. Other trademarks are the property of their respective owners.

    Forward Looking Statements
    Except for the historical information contained herein, the statements in this release, including those concerning Extreme's business outlook, future financial and operating results, and overall future prospects are "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements speak only as of the date of this release. Actual results or events could differ materially from those anticipated in those forward-looking statements as a result of certain factors, including: our ability to consummate the acquisition of Avaya's networking business in the bankruptcy process; failure to achieve targeted revenues and forecasted demand from end customers; a highly competitive business environment for network switching equipment; the possibility that we might experience delays in the development or introduction of new technology and products; customer response to our new technology and products; and a dependency on third parties for certain components and for the manufacturing of our products.

    More information about potential factors that could affect Extreme's business and financial results is included in Extreme's filings with the U.S. Securities and Exchange Commission, including, without limitation, under the captions: "Management's Discussion and Analysis of Financial Condition and Results of Operations," and "Risk Factors". Except as required under the U.S. federal securities laws and the rules and regulations of the U.S. Securities and Exchange Commission, Extreme Networks disclaims any obligation to update any forward-looking statements after the date of this release, whether as a result of new information, future events, developments, changes in assumptions or otherwise.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/extreme-networks-signs-agreement-to-purchase-avayas-networking-business-300419633.html

    Photo: http://mma.prnewswire.com/media/378309/extreme_networks_logo.jpg Extreme Networks, Inc.

    CONTACT: Media Contact: Jennifer Grabowski, Racepoint Global,
    617-624-3231, ExtremeUS@racepointglobal.com; Investor Relations Contact:
    Matt Steinberg, The Piacente Group, Inc., 212-481-2050 ext. 409,
    extreme@tpg-ir.com; Analyst Relations Contact: Steve O'Brien, Extreme
    Networks, 603-952-5157, sobrien@extremenetworks.com

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




    MEDIA ALERT: Synopsys to Host CodenomiCON Europe at Embedded World 2017

    MOUNTAIN VIEW, Calif. and MUNICH, March 7, 2017 /PRNewswire/ -- Synopsys, Inc. today announced it will host CodenomiCON Europe, a private cybersecurity thought leadership event, during Embedded World 2017 in Indabahn, Nuremberg. On March 14th, from 6 p.m. - 10 p.m. CET, an elite group of cybersecurity experts will host a series of presentations and a panel discussion on "Embedded Systems Security," focusing on three vertical markets: medical, transportation and consumer devices. The event will also feature the following keynotes:

    --  Dr. Gary McGraw, Vice President of Security Technology at Synopsys
    Software Integrity Group, will discuss the history of software security
    from its inception 15 years ago to a multi-billion dollar, high impact
    industry
    --  Graham Murphy, Security Researcher at BlackBerry, will address the
    importance of ensuring security in both the hardware and software of
    automotive, IoT and medical devices
    --  Dr. Charlie Miller, a leading cybersecurity researcher (formerly at
    Uber), will talk about the future of automotive security, including
    technologies such as V2X
    

    A medical device security demonstration analyzing vulnerabilities impacting patient safety issues will take place during the CondenomiCON Europe.

    CodenomiCON Europe Agenda:

    --  Welcome to CodenomiCON - Dr. Andreas Kuehlmann, Senior Vice President
    and General Manager, Synopsys Software Integrity Group
    --  Opening Keynote - Dr. Gary McGraw, Vice President of Security
    Technology, Synopsys Software Integrity Group
    --  Featured Keynote - Graham Murphy, Security Researcher, BlackBerry
    --  Featured Keynote - Dr. Charlie Miller, Cybersecurity Researcher
    (formerly at Uber)
    --  Medical Demonstration - Billy Rios, founder of Whitescope, and Chris
    Clark, Principal Security Engineer, Strategic Initiatives, Synopsys
    Software Integrity Group
    --  Panel discussion on Embedded Systems Security:
    --  Dr. Gary McGraw - Synopsys
    --  Dr. Charlie Miller
    --  Dr. Marie Moe - SINTEF
    --  Dr. Gunter Bitz - SAP
    --  Priyamvadha Vembar - Bosch
    

    Complimentary food and drinks will be served throughout the evening. The event is free and space is limited. Additional information, including how to register for the event, can be found at https://software.synopsys.com/CodenomiCON-EU-2017.html.

    Visit Synopsys at Embedded World 2017 in Hall 4A/4A-338 and Hall 4/4-360
    At Embedded World 2017, Synopsys Software Integrity Group will showcase its automated analysis and testing technologies for software development, which allow organizations to detect and remediate defects, vulnerabilities and compliance issues throughout the software development life cycle (SDLC) in Hall 4A, at booth #4A-338. Synopsys will also demonstrate its software development, testing, prototyping, FPGA Design and IP technologies in Hall 4, at booth #4-360.

    Synopsys Exhibitor's Forum Presentations
    Wednesday, March 15:

    --  Synplify Premier - Automated FPGA-based Functional Safety Design - from
    noon - 12.30 p.m. - Exhibitor presentation - Hall 4, Booth #4-442
    

    Thursday, March 16:

    --  The Enemy at the Gates: Lax IoT Security Threatens Product Owners - And
    Everyone Else - from 10.30 a.m. - 11.00 a.m. - Hall 3A, Booth #3A-511
    

    More details can be viewed at https://www.synopsys.com/verification/resources/events/embedded-world-2017.html.

    Synopsys Conference Presentations
    Thursday, March 16:

    --  Session 30: Address IoT Security at the Source: The Emerging Role of
    Modern Static Analysis - from 10.30 a.m. - 11.30 a.m.Speaker: Yan Huang,
    Sr. Product Marketing Manager, Software Integrity Group
    --  Session 33: USB 3.1, Type-C, DisplayPort and HDCP: How to Ramp Up and
    Integrate Quickly for Fast Time-to-Market - from 11:30 a.m. - 12.30 p.
    m.Speaker: Blessy Alexander, Senior Manager, Solution CAE and Subsystems
    

    More details can be viewed at http://www.embedded-world.eu/program.html.

    About Synopsys
    Synopsys, Inc. is the Silicon to Software((TM)) partner for innovative companies developing the electronic products and software applications we rely on every day. As the world's 15th largest software company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and is also growing its leadership in software security and quality solutions. Whether you're a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing applications that require the highest security and quality, Synopsys has the solutions needed to deliver innovative, high-quality, secure products. Learn more at www.synopsys.com.

    Editorial Contacts

    Mark Van Elderen (Software Integrity Group)
    Synopsys, Inc.
    415-266-6408
    mvanelde@synopsys.com

    Dagmar Schulz (PR Agency)
    Eskenzi PR & Marketing
    +49 (0) 511 353 24 69-2
    dagmar@eskenzipr.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/media-alert-synopsys-to-host-codenomicon-europe-at-embedded-world-2017-300419712.html

    Photo: http://mma.prnewswire.com/media/348205/snps_logo_sts_purple_grey_Logo.jpg Synopsys, Inc.

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

    Company News On-Call: http://www.prnewswire.com/comp/AAB595.html




    Sinclair Broadcast Group's Investment Group, Keyser Capital, Sells Alarm Funding Associates

    BALTIMORE, March 7, 2017 /PRNewswire/ -- Sinclair Broadcast Group, Inc. (the "Company" or "Sinclair") , announced today that its wholly-owned subsidiary, Keyser Capital LLC ("Keyser"), has sold Alarm Funding Associates, LLC ("AFA") to RPAFA Investors, LLC, an investment vehicle of Riverside Partners, for $200.0 million. AFA is the 20(th) largest security alarm company in the U.S.

    Keyser purchased AFA in November 2007 and has invested capital of approximately $10.5 million. After the repayment of debt and other costs, Sinclair will realize approximately $70 million in pre-tax net cash proceeds or a multiple of approximately 6.7x on invested capital.

    "We are pleased to report an annualized return of approximately 25% on our investment in Alarm Funding," commented David B. Amy, Vice Chairman. "Although an accretive investment for us, the sale of the alarm business, which was not part of our core operations, provides us a significant divestment opportunity. As a result of the sale, other non-media revenues less other non-media expenses for the 10 month period of March through December 2017 are expected to be approximately $20 million less than our original guidance. However, our total indebtedness will decrease by approximately $108 million in addition to the after-tax net cash proceeds of approximately $56 million which represents approximately $0.60 per share."

    About Sinclair
    Sinclair is one of the largest and most diversified television broadcasting companies in the country. The Company currently owns, operates and/or provides services to 173 television stations in 81 markets, broadcasting 508 channels and having affiliations with all the major networks. Sinclair is a leading local news provider in the country, as well as a producer of live sports content. Sinclair's content is delivered via multiple-platforms, including over-the-air, multi-channel video program distributors, and digital platforms. The Company regularly uses its website as a key source of Company information which can be accessed at www.sbgi.net.

    Forward-Looking Statements:

    The matters discussed in this news release, particularly those in the section labeled "Outlook," include forward-looking statements regarding, among other things, future operating results. When used in this news release, the words "outlook," "intends to," "believes," "anticipates," "expects," "achieves," "estimates," and similar expressions are intended to identify forward-looking statements. Such statements are subject to a number of risks and uncertainties. Actual results in the future could differ materially and adversely from those described in the forward-looking statements as a result of various important factors, including and in addition to the assumptions set forth therein, but not limited to, the impact of changes in national and regional economies, the length of time it takes for the FCC to complete the remaining steps in the auction, the volatility in the U.S. and global economies and financial credit markets which impact our ability to forecast or refinance our indebtedness as its comes due, successful execution of outsourcing agreements, pricing and demand fluctuations in local and national advertising, volatility in programming costs, the market acceptance of new programming, the CW Television and MyNetworkTV programming, our news share strategy, our sales initiatives, the execution of retransmission consent agreements, our ability to identify and consummate investments in attractive non-television assets and to achieve anticipated returns on those investments once consummated, uncertainties associated with potential changes in the regulatory environment affecting our business and growth strategy, and any risk factors set forth in the Company's recent reports on Form 8-K, Form 10-Q and/or Form 10-K, as filed with the Securities and Exchange Commission.. There can be no assurances that the assumptions and other factors referred to in this release will occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements except as required by law.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sinclair-broadcast-groups-investment-group-keyser-capital-sells-alarm-funding-associates-300419666.html

    Photo: http://mma.prnewswire.com/media/455827/Sinclair_Broadcast_Group_Logo.jpg Sinclair Broadcast Group, Inc.

    CONTACT: David B. Amy, Vice Chairman, (410) 568-1500

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




    Maxwell Announces Participation in 29th Annual ROTH Conference

    SAN DIEGO, March 7, 2017 /PRNewswire/ -- Maxwell Technologies, Inc. announced today that Dr. Franz Fink, President and Chief Executive Officer, will present at the 29th Annual ROTH Conference to be held at The Ritz-Carlton in Dana Point, California. The presentation is scheduled to take place on Tuesday, March 14 beginning at approximately 5:00 p.m. Pacific Time.

    More information about this event, including a live webcast, may be accessed by visiting http://investors.maxwell.com. The webcast replay will be available approximately one hour after the live webcast ends and will be accessible for approximately 90 days following the conference.

    About Maxwell

    Maxwell is a global leader in the development and manufacture of innovative, cost-effective energy storage and power delivery solutions. Our ultracapacitor products provide safe and reliable power solutions for applications in consumer and industrial electronics, transportation, renewable energy and information technology. Our CONDIS(R) high-voltage grading and coupling capacitors help to ensure the safety and reliability of electric utility infrastructure and other applications involving transport, distribution and measurement of high-voltage electrical energy. For more information, visit www.maxwell.com.

    Investor Contact:
    Soohwan Kim, CFA
    (858) 503-3359
    ir@maxwell.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/maxwell-announces-participation-in-29th-annual-roth-conference-300419483.html

    Photo: http://mma.prnewswire.com/media/156822/maxwell_technologies__inc__logo.jpg Maxwell Technologies, Inc.

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




    Sikorsky Launches Safety Enhancement Program with PHI, Inc. and Metro Aviation

    DALLAS, March 7, 2017 /PRNewswire/ -- Sikorsky, PHI Inc. and Outerlink Global Solutions, a Metro Aviation company, today announced that the S-92(R) helicopter has demonstrated the ability to transmit in-flight, real-time Health and Usage Monitoring Systems (HUMS) data to PHI's operations control center. The announcement came at the 2017 Helicopter Association International Heli-Expo show. Sikorsky is a Lockheed Martin company .

    With this new capability, PHI operators can view, assess and track important aircraft health data and provide additional information to aircraft crew and ground support teams to enhance operational and maintenance decisions. Implemented with an open architecture-based system solution, connectivity with additional existing global satellite networks is intended to support the global S-92 fleet.

    "Safety is our top priority at Sikorsky," said Sikorsky's Vice President for Commercial Systems & Services, Dana Fiatarone. "Developing this directly with our long-time customer and operator, PHI, while employing Metro Aviation's technology, allows us to ensure we are meeting our customers' needs and furthering safety of rotorcraft flight."

    "PHI believes this technology is a real step forward, and we are honored to have partnered with Sikorsky and Metro Aviation to help bring this new advancement in safety to our industry," said Lance Bospflug, Chief Operating Officer, PHI, Inc. "This new solution enhances flight crew decision making and improves support from the Operations Control Center by providing both with real-time aircraft health information."

    "We are bringing revolutionary technology to our industry," said Metro Aviation President Mike Stanberry. "We now have the ability to predict events by analyzing historical data in real-time. That innovation helps operators more efficiently run their fleet and could very well be lifesaving."

    Sikorsky and PHI have done business for more than 60 years. The PHI fleet currently features 70 commercial Sikorsky aircraft throughout the world.

    Since 2004, Sikorsky has delivered more than 275 S-92 helicopters, predominantly to operators serving the worldwide offshore oil and gas industry. For additional information, visit: Sikorsky Commercial Systems & Services

    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/sikorsky-launches-safety-enhancement-program-with-phi-inc-and-metro-aviation-300418101.html

    Photo: http://mma.prnewswire.com/media/474618/Lockheed_Martin.jpg
    http://mma.prnewswire.com/media/159313/lockheed_martin_logo.jpg Lockheed Martin

    CONTACT: Callie Ferrari, APR, +1 203-360-4819, callie.d.ferrari@lmco.com

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




    Horizon Technology Finance Announces Fourth Quarter and Full Year 2016 Financial ResultsNet Investment Income Covered Distributions for the YearAchieved an Annualized Portfolio Yield of 14.9%Well Positioned for Portfolio Growth in 2017

    FARMINGTON, Conn., March 7, 2017 /PRNewswire/ -- Horizon Technology Finance Corporation (the "Company" or "Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries, today announced its financial results for the fourth quarter and full year ended December 31, 2016.

    Fourth Quarter and Full Year 2016 Highlights

    --  Earned net investment income of $3.8 million, or $0.33 per share, for
    the quarter and $17.1 million, or $1.48 per share, for the year
    --  Achieved an annualized portfolio yield of 14.2% for the quarter and
    14.9% for the year
    --  Total liquidity of $41.7 million at year end
    --  Ended the year with an investment portfolio of $194.0 million
    --  Net asset value equaled $139.2 million, or $12.09 per share, at year end
    --  Asset coverage for borrowed amounts of 245% as of December 31, 2016
    --  Floating rate loans comprised 96% of the outstanding principal of the
    loan portfolio at year end
    --  Funded $13.8 million in loans for the quarter and $57.8 million for the
    full year
    --  Experienced liquidity events from three portfolio companies in the
    quarter and 13 companies for the year
    --  At year end, held a portfolio of warrant and equity positions in 83
    portfolio companies
    --  Declared distributions of $0.10 per share payable in each of April, May
    and June 2017, increasing cumulative declared distributions to $9.32 per
    share since going public in October 2010
    --  Repurchased 48,160 shares of Horizon's common stock during the year at
    an average price of $10.66 on the open market at a total cost of $0.5
    million
    

    "In 2016, Horizon maintained its disciplined approach to sourcing growth capital loans with attractive on-boarding yields, while it bolstered its investment platform's capabilities to capitalize on opportunities in the life science and healthcare technology markets," said Robert D. Pomeroy, Jr., Chairman and Chief Executive Officer of Horizon. "Our strategy allowed us to successfully cover our distributions with net investment income for the year. In addition, we realized profitable liquidity events from 13 portfolio companies, which contributed to our portfolio yield."

    Mr. Pomeroy continued, "As we enter 2017, we have the liquidity to grow the portfolio by selectively originating new loans. With the addition of two new members to our healthcare and life sciences team, who will broaden and strengthen our existing capabilities, we believe Horizon is well positioned over the coming quarters to continue to take advantage of the opportunities to invest in promising growth-stage companies in our targeted industries." Mr. Pomeroy concluded, "Moving ahead, we remain committed to creating long-term shareholder value by funding loans with appropriate risk-adjusted returns."

    Operating Results
    Total investment income was $7.0 million for the three months ended December 31, 2016, as compared to $8.6 million for the three months ended December 31, 2015. The year-over-year decrease in total investment income is primarily due to lower interest income on investments resulting from the smaller average size of the loan portfolio. For the years ended December 31, 2016 and 2015, total investment income was $33.0 million and $31.1 million, respectively.

    The Company's dollar-weighted annualized portfolio yield on average loans for the three months ended December 31, 2016 and 2015 was 14.2%. Horizon's dollar-weighted annualized portfolio yield on average loans for the years ended December 31, 2016 and 2015 was 14.9% and 14.2%, respectively.

    Total net expenses for the three months ended December 31, 2016 were $3.1 million, as compared to $4.5 million for the three months ended December 31, 2015. Interest expense decreased slightly year-over-year primarily due to a decrease in average borrowings. Base management fee decreased year-over-year primarily due to a decrease in the average size of our investment portfolio. For the three months ended December 31, 2016, the Company did not incur an incentive fee expense as the incentive fee on pre-incentive fee net investment income was subject to the incentive fee cap and deferral mechanism under the Company's Investment Management Agreement, which resulted in $0.8 million of reduced expense and additional net investment income. Total net expenses for the year ended December 31, 2016 decreased by $1.1 million, to $16.0 million, as compared to $17.1 million for the year ended December 31, 2015.

    Net investment income for the three months ended December 31, 2016 was $3.8 million, or $0.33 per share, as compared to $4.1 million, or $0.35 per share, for the three months ended December 31, 2015. For the years ended December 31, 2016 and 2015, net investment income was $17.1 million, or $1.48 per share, and $14.0 million, or $1.25 per share, respectively.

    For the three months ended December 31, 2016, the net realized loss on investments was $4.9 million, or $0.43 per share, as compared to net realized gain on investments of $0.1 million, or $0.01 per share, for the three months ended December 31, 2015. For the years ended December 31, 2016 and 2015, the net realized loss on investments was $7.8 million, or $0.67 per share, and $1.7 million, or $0.15 per share, respectively.

    For the three months ended December 31, 2016, the net unrealized appreciation on investments was $0.5 million, or $0.05 per share, as compared to net unrealized depreciation on investments of $1.4 million, or $0.12 per share, for the three months ended December 31, 2015. For the year ended December 31, 2016, the net unrealized depreciation on investments was $14.2 million, or $1.24 per share, as compared to net unrealized depreciation on investments of $0.5 million, or $0.04 per share, for the year ended December 31, 2015.

    Portfolio Summary and Investment Activity
    As of December 31, 2016, the Company's debt portfolio consisted of 44 secured loans with an aggregate fair value of $186.2 million. In addition, the Company's total warrant, equity and other investments in 85 portfolio companies had an aggregate fair value of $7.8 million as of December 31, 2016. Total portfolio investment activity as of and for the three months and years ended December 31, 2016 and 2015 was as follows:

    ($ in thousands) For the Three Months Ended For the Years Ended December 31, December 31, 2016 2015 2016 2015 ---- ---- ---- ---- Beginning portfolio $208,177 $249,033 $250,267 $205,101 New debt investments 14,635 18,500 59,858 123,281 Principal payments received on investments (13,778) (8,041) (49,403) (27,016) Early pay-offs (12,667) (8,006) (46,357) (47,624) Accretion of debt investment fees 439 335 1,562 1,350 New debt investment fees (217) (188) (931) (1,147) New equity 17 101 84 101 Sale of investments (45) (91) (984) (1,669) Net realized (loss) gain on investments (4,913) 72 (7,696) (1,620) Net unrealized appreciation (depreciation) on investments 2,355 (1,448) (12,397) (490) Ending portfolio $194,003 $250,267 $194,003 $250,267 ======== ======== ======== ========

    Net Asset Value
    At December 31, 2016, the Company's net assets were $139.2 million, or $12.09 per share, as compared to $159.8 million, or $13.85 per share, as of December 31, 2015, and $143.7 million, or $12.44 per share, as of September 30, 2016.

    For the three months ended December 31, 2016, the net decrease in net assets resulting from operations was $0.6 million, or $0.05 per share, compared with a net increase in net assets of $2.7 million, or $0.22 per share, for the three months ended December 31, 2015. For the year ended December 31, 2016, the net decrease in net assets resulting from operations was $4.9 million, or $0.43 per share, as compared to a net increase in net assets of $11.9 million, or $1.06 per share, for the year ended December 31, 2015.

    Portfolio Asset Quality
    The following table shows the classification of Horizon's loan portfolio at fair value by internal credit rating as of December 31, 2016 and December 31, 2015:

    ($ in thousands) December 31, 2016 December 31, 2015 ----------------- ----------------- Number of Debt Investments at Fair Value Percentage Number of Debt Investments at Fair Value Percentage Investments of Debt Investments Investments of Debt Investments ----------- ------------------- ----------- ------------------- Credit Rating 4 6 $29,721 16.0% 7 $23,603 9.8% 3 28 131,605 70.6 37 199,185 82.2 2 6 13,360 7.2 7 18,879 7.8 1 4 11,500 6.2 1 500 0.2 --- ------ --- --- --- --- Total 44 $186,186 100.0% 52 $242,167 100.0% === ======== ===== === ======== =====

    As of December 31, 2016 and December 31, 2015, Horizon's loan portfolio had a weighted average credit rating of 3.0, with 4 being the highest credit quality rating and 3 being the rating for a standard level of risk. A rating of 2 represents an increased level of risk and, while no loss is currently anticipated for a 2-rated loan, there is potential for future loss of principal. A rating of 1 represents a deteriorating credit quality and high degree of risk of loss of principal. As of December 31, 2016, there were four debt investments with an internal credit rating of 1, with a cost of $26.2 million and a fair value of $11.5 million. As of December 31, 2015, there was one debt investment with an internal credit rating of 1, with a cost of $2.7 million and a fair value of $0.5 million.

    Liquidity Events
    Horizon experienced liquidity events from three portfolio companies in the quarter ended December 31, 2016, increasing the total number of portfolio company liquidity events to 13 for the full year. Liquidity events for Horizon may consist of the sale of warrants or equity in portfolio companies, loan prepayments, sale of owned assets or receipt of success fees.

    In November, Additech, Inc. ("Additech") prepaid the outstanding principal balance of $3.8 million on its venture loan, plus interest and end-of-term payment. Horizon continues to hold warrants in Additech.

    In November, Crowdstar, Inc. ("Crowdstar") prepaid the outstanding principal balance of $1.3 million on its venture loan, plus interest, end-of-term payment and prepayment fee. Horizon also received proceeds from the exercise and sale of warrants in Crowdstar.

    In December, Medsphere Systems Corporation ("Medsphere") prepaid the outstanding principal balance of $7.5 million on its venture loan, plus interest, end-of-term payment and prepayment fee. Horizon continues to hold warrants in Medsphere.

    Liquidity and Capital Resources
    As of December 31, 2016, the Company had $41.7 million in available liquidity, including $37.1 million in cash and $4.6 million in funds available under existing credit facility commitments.

    At December 31, 2016, there was $63.0 million outstanding under the $95 million revolving credit facility. The facility allows for an increase in the total loan commitment up to an aggregate commitment of $150 million. There can be no assurance that any additional lenders will make any commitments under the facility.

    As of December 31, 2016, the Company's debt to equity leverage ratio was 69%, and the asset coverage ratio for borrowed amounts was 245%.

    Stock Repurchase Program
    On July 29, 2016, the Company's board of directors extended the Company's previously authorized stock repurchase program until the earlier of June 30, 2017 or the repurchase of $5.0 million of the Company's common stock. During the year ended December 31, 2016, the Company repurchased 48,160 shares of its common stock at an average price of $10.66 on the open market at a total cost of $0.5 million. From the inception of the stock repurchase program through December 31, 2016, the Company has repurchased 161,542 shares of its common stock at an average price of $11.27 on the open market at a total cost of $1.8 million.

    Monthly Distributions Declared in First Quarter 2017
    On March 3, 2017, the Company's board of directors declared monthly distributions of $0.10 per share payable in each of April, May and June 2017. The following table shows these monthly distributions, which total $0.30 per share:

    Ex-Dividend Date Record Date Payment Date Amount Per Share ---------------- ----------- ------------ ---------------- March 16, 2017 March 20, 2017 April 18, 2017 $0.10 April 19, 2017 April 21, 2017 May 16, 2017 $0.10 May 17, 2017 May 19, 2017 June 15, 2017 $0.10 ----- Total: $0.30

    After paying distributions of $1.26 per share deemed paid for tax purposes in 2016, declaring on October 28, 2016 a distribution of $0.10 per share payable January 13, 2017, and taxable earnings of $1.41 per share for the quarter, the Company's undistributed spillover income as of December 31, 2016 was $0.15 per share. Spillover income includes any ordinary income and net capital gains from the preceding tax years that were not distributed during such tax years.

    When declaring distributions, the Horizon board of directors reviews estimates of taxable income available for distribution, which may differ from consolidated net income under generally accepted accounting principles due to (i) changes in unrealized appreciation and depreciation, (ii) temporary and permanent differences in income and expense recognition, and (iii) the amount of spillover income carried over from a given year for distribution in the following year. The final determination of taxable income for each tax year, as well as the tax attributes for distributions in such tax year, will be made after the close of the tax year.

    Conference Call
    The Company will host a conference call on Wednesday, March 8, 2017 at 9:00 a.m. ET to discuss its latest corporate developments and financial results. The dial-in number for callers in the U.S. is (877) 677-9112, and the dial-in number for international callers is (708) 290-1396. The access code for all callers is 54511994.

    A live webcast will be available on the Company's website at www.horizontechfinance.com.

    A replay of the call will be available through March 10, 2017. To access the replay, please dial (855) 859-2056 in the United States and (404) 537-3406 outside the United States, and then enter the access code 54511994. An online archive of the webcast will be available on the Company's website for 30 days following the call.

    About Horizon Technology Finance
    Horizon Technology Finance Corporation is a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries. The investment objective of Horizon is to maximize its investment portfolio's return by generating current income from the debt investments it makes and capital appreciation from the warrants it receives when making such debt investments. Headquartered in Farmington, Connecticut, Horizon has regional offices in Pleasanton, California, Reston, Virginia and Boston, Massachusetts. Horizon's common stock trades on the NASDAQ Global Select Market under the ticker symbol "HRZN". To learn more, please visit www.horizontechfinance.com.

    Forward-Looking Statements
    Statements included herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Horizon undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

    Contacts: --------- Horizon Technology Finance Investor Relations and Media Contact: Daniel R. Trolio The IGB Group Chief Financial Officer Scott Eckstein / Leon Berman (860) 674-9977 (212) 477-8261 / (212) 477-8438 dtrolio@horizontechfinance.com seckstein@igbir.com / lberman@igbir.com

    Horizon Technology Finance Corporation and Subsidiaries Consolidated Statements of Assets and Liabilities (Dollars in thousands, except share and per share data) December 31, ------------ 2016 2015 ---- ---- Assets Non-affiliate investments at fair value (cost of $211,627 and $255,494, respectively) $194,003 $250,267 Investments in money market funds - 285 Cash 37,135 20,765 Restricted investments in money market funds - 1,091 Interest receivable 6,036 6,258 Other assets 2,078 2,230 ----- ----- Total assets $239,252 $280,896 ======== ======== Liabilities Borrowings $95,597 $114,954 Distributions payable 3,453 3,980 Base management fee payable 337 385 Incentive fee payable - 1,028 Other accrued expenses 673 798 --- --- Total liabilities 100,060 121,145 ------- ------- Net assets Preferred stock, par value $0.001 per share, 1,000,000 shares authorized, zero shares issued and outstanding as of December 31, 2016 and 2015 - - Common stock, par value $0.001 per share, 100,000,000 shares authorized, 11,671,966 and 11,648,594 shares issued and 11,510,424 and 11,535,212 shares outstanding as of December 31, 2016 and 2015, respectively 12 12 Paid-in capital in excess of par 179,551 179,707 Distributions in excess of net investment income (397) (2,006) Net unrealized depreciation on investments (19,463) (5,227) Net realized loss on investments (20,511) (12,735) ------- ------- Total net assets 139,192 159,751 ------- ------- Total liabilities and net assets $239,252 $280,896 ======== ======== Net asset value per common share $12.09 $13.85 ====== ======

    Horizon Technology Finance Corporation and Subsidiaries Consolidated Statements of Operations (Dollars in thousands, except share and per share data) For the Three Months Ended For the Years Ended December 31, December 31, ------------ ------------ 2016 2015 2016 2015 ---- ---- ---- ---- Investment income Interest income on non-affiliate investments $6,787 $7,784 $31,397 $28,650 Fee income on non-affiliate investments 200 776 1,587 2,460 --- --- ----- ----- Total investment income 6,987 8,560 32,984 31,110 ----- ----- ------ ------ Expenses Interest expense 1,412 1,466 5,878 5,757 Base management fee 1,061 1,291 4,727 4,747 Performance based incentive fee - 1,028 2,126 3,501 Administrative fee 116 247 869 1,124 Professional fees 327 317 1,486 1,308 General and administrative 205 246 886 1,023 --- --- --- ----- Total expenses 3,121 4,595 15,972 17,460 ----- ----- ------ ------ Management and performance based incentive fees waived - (139) - (346) --- ---- --- ---- Net expenses 3,121 4,456 15,972 17,114 ----- ----- ------ ------ Net investment income before excise tax 3,866 4,104 17,012 13,996 ----- ----- ------ ------ Provision (credit) for excise tax 51 - (87) - --- --- --- --- Net investment income 3,815 4,104 17,099 13,996 ----- ----- ------ ------ Net realized and unrealized loss on investments Net realized (loss) gain on investments (4,919) 73 (7,776) (1,650) Net unrealized appreciation (depreciation) on investments 516 (1,449) (14,236) (490) --- ------ ------- ---- Net realized and unrealized loss on investments (4,403) (1,376) (22,012) (2,140) ------ ------ ------- ------ Net (decrease) increase in net assets resulting from operations $(588) $2,728 $(4,913) $11,856 ===== ====== ======= ======= Net investment income per common share $0.33 $0.35 $1.48 $1.25 ===== ===== ===== ===== Net (decrease) increase in net assets per common share $(0.05) $0.22 $(0.43) $1.06 ====== ===== ====== ===== Distributions declared per share $0.30 $0.345 $1.335 $1.38 ===== ====== ====== ===== Weighted average shares outstanding 11,542,855 11,628,580 11,543,708 11,180,864 ========== ========== ========== ==========

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/horizon-technology-finance-announces-fourth-quarter-and-full-year-2016-financial-results-300419581.html

    Horizon Technology Finance Corporation



    GES Invites EXHIBITORLIVE Attendees to Relax and RefocusVisit the GES team in booth #1423 for a respite from the show floor

    LAS VEGAS, March 7, 2017 /PRNewswire/ -- GES, a global experiential marketing partner to many of the world's leading companies, invites EXHIBITORLIVE attendees to relax and refocus. Attendees visiting the GES team in booth #1423 will experience a respite from the show floor and enjoy being pampered in our spa-themed environment entitled, "Relax. Refocus. We've got this," while learning more about GES' consultative strategic, creative and global exhibition and event program management services.

    Whether planning a global exhibit program or an upcoming user conference, GES is the leader in full-service experiential solutions. From creative and strategic marketing capabilities to door-to-floor logistics and account management services, these industry-leading resources provide peace-of-mind and program stability to today's marketers, allowing them to focus on their broader business objectives.

    "We know that being a trade show or event manager is stressful with expectations of perfection, a show-stopping performance, and impressive results," comments Vin Saia, GES's EVP of corporate accounts. "GES offers the most comprehensive portfolio of services combined with a team committed to smart solutions and meaningful results. At EXHIBITORLIVE, we're helping marketers take a moment for themselves -to relax and unwind. With the help of our strategists, we will help booth visitors refocus on their program's most pressing needs. From there - we can guide them to how GES' global capabilities can satisfy those needs and bring them peace of mind. When working with GES, clients understand they are not alone. 'We've Got This!'"

    As a global innovator, GES is committed to investing in our client's communities through education. At EXHIBITORLIVE, GES provided 10 scholarships to lucky recipients who will receive a comprehensive offering of educational sessions, including several taught by GES team members.

    Join GES' most creative and experienced minds as they present the following sessions:

    --  International Exhibiting - A Primer for Success (March 12, 8:30 am -
    noon)
    --  Creating Engaging Experiences (March 13, 8 - 9:30 am)
    --  Exhibit Trek! (March 13, 8:30 - 11:30 am)
    --  Content + Interactions: A Formula for Effective Marketing Impact (March
    13, 10 - 11:30 am)
    --  Strategic Event Roadmap Planning and Evaluation (March 13, 3:45 - 5:15
    pm)
    --  Transform Your Career: From Implementer to Strategist NEW! (March 14, 10
    - 10:45 am)
    --  Small Exhibit, Big Results (March 14, 10- 11:30 am)
    --  The @show Experience: Understand the Essentials of Exhibit Design (March
    14, 10 - 11:30 a.m. and March 15, 8 - 9:30 am)
    --  Peer2Peer Roundtable: Small Exhibit, Big Results (March 14, 5:30 - 6:30
    pm)
    --  Managing Up - And Beyond (March 15, 8 - 9:30 am)
    --  Managing Up - And Beyond: Practical Applications  NEW! (March 15, 10 -
    11:30 am)
    --  Peer2Peer Roundtable: Trend Trackers (March 15, 5:30 - 6:30 PM)
    

    In addition, GES recently released its sixth annual Trend Tracker report. Click here to learn how to implement the hottest creative exhibit and event trends this year.

    For companies interested in becoming a GES supplier, the company will have a representative in the booth during the designated, pre-show Strategic Partner hours on Tuesday, March 14 and Wednesday, March 15 from 10 - 11:30 am.

    About GES
    GES, a Viad Corp company, is a global, full-service provider for live events, producing corporate events, exhibitions, conferences, congresses, exhibits and entertainment experiences. GES provides a wide-range of services, including official show services, audio visual, cutting-edge creative and design, marketing and measurement services, and event accommodations - all with an unrivaled global reach. GES partners with leading brands and shows, including Bell Helicopter, Merck & Co., Phillips Lighting and Komatsu, and CONEXPO-CON/AGG and IFPE. GES' National Servicenter(R) has been recognized with certification under the J.D. Power and Associates Certified Call Center Program for the past eight years, and for the seventh year in a row Ad Age has named GES as one of the "World's 50 Largest Agency Companies." For more information, visit www.ges.com.

    Contact:
    Detra Page
    702.515.5627
    dpage@ges.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ges-invites-exhibitorlive-attendees-to-relax-and-refocus-300419602.html

    Photo: http://mma.prnewswire.com/media/458943/global_experience_specialists_logo.jpg GES

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




    ISBG Strikes Deal For Online Sales

    LAS VEGAS, March 7, 2017 /PRNewswire/ -- International Spirit & Beverage Group, Inc., (a Nevada Corporation) (OTCPK:ISBG) is pleased to announce that it has reached an agreement with Passion Spirits, LLC to build, operate, and maintain an industry leading e-commerce platform for Besado Platinum Tequila(TM), providing direct-to-consumer delivery.

    "Online sales is very much the future for the Wine and Spirit industry," stated Alain Scheiman, President of Passion Spirits, LLC. "With Besado's innovative and unique offering and eye-catching packaging, the potential online is extremely promising."

    "We are excited to be re-launching our Besado website to incorporate our new online sales platform, that will further illustrate our dynamic brand as we grow in the marketplace. Our new e-commerce platform will enable us to reach up to 80% of the country including all of the major markets. We will have our new website and online store live by March 24th and available for pre-orders of our latest production of Besado Platinum. Our new website will further detail both our Besado Platinum and our upcoming limited release Besado ORO, both crafted with premium tequila and carefully blended with our natural herbal infusions," said Terry Williams, CEO of International Spirit & Beverage Group.

    "I'm pleased to further announce we will be releasing details of our new back-of-house national supply chain deal shortly as minor details are being finalized. The combination of our new online sales platform, along with our soon to be announced national supply chain and logistics provider gives International Spirit & Beverage the foundation we need to properly grow our brands. We will also continue working alongside our current distributor RNDC, and other select distributors, as we expand in the current markets," Williams noted.

    "Our initial order of 2,000 cases of Besado Platinum has been depleted, bringing revenues of $300,000 with an additional 2,000 cases slated for shipment imminently. In process, is an additional production run of 10,000 cases which will be used toward fulfillment of expected orders coming from Passion Spirits, LLC and our soon to be named national supply chain and logistics provider. This is an exciting time in the evolution of the company, as we are now at the outset of a major expansion set to commence over the weeks and months ahead."

    "I'd like to address our recent share structure changes. The authorized share count was indeed increased, and I want to assure our shareholders past, present, and future, of all our associated businesses, that the increase was necessary to accommodate a critical move by the company that will greatly benefit our investors and be detailed in upcoming press releases and audits. We very much value our loyal investors and plan to demonstrate that appreciation with a tangible return to those who have believed in our mission to make Besado one of the top selling Tequilas on the market."

    In closing, Williams stated, "We are extremely excited about the distribution channels we've currently secured, in addition to the one we will be announcing within several days, and within the time frame initially projected in our February 9(th), 2017 press release. We thank our shareholders for their continued support and patience as we remain focused on expanding and growing our innovative Besado brand across the country." Stay tuned for additional guidance from the company on some exciting developments.

    Besado Platinum Tequila(TM) is currently available in Texas, New York, New Jersey, Florida, Louisiana and Maryland, as well as online commencing March 24, 2017.

    About ISBG: ISBG is a Nevada-based alcoholic beverage company specializing in the development, marketing and global sales of innovative wine and spirits brands. The Company's expertise lies in the strategic development and aggressive early growth of its brands and establishing these brands as viable and profitable. ISBG intends to build its own brands while seeking out individual acquisition candidates to continue to develop its pipeline of new brands into the ISBG portfolio. For more information visit: www.isbg.global

    Forward Looking Statements: The information in this news release contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/isbg-strikes-deal-for-online-sales-300419495.html

    International Spirit & Beverage Group, Inc.

    CONTACT: International Spirit & Beverage Group, Inc., info@isbg.global

    Web site: http://www.isbg.global/




    Equinix Announces Proposed Public Offerings of $1.75 Billion of Common Stock and $1.125 Billion of Senior Notes

    REDWOOD CITY, Calif., March 7, 2017 /PRNewswire/ -- Equinix, Inc. , the global interconnection and data center company, today announced that it intends to commence concurrent public offerings, subject to market and other conditions, of $1.75 billion of its common stock (the "Equity Offering") and $1.125 billion in aggregate principal amount of its senior notes due 2027 (the "Notes Offering"). In addition, Equinix intends to grant the underwriters of the Equity Offering a 30-day option to purchase up to an additional $262.5 million of its common stock. The Equity Offering and the Notes Offering are separate public offerings made by means of separate prospectus supplements under Equinix's effective shelf registration statement and are not contingent on each other or upon the completion of the Acquisition discussed below. All of the shares of the common stock and notes to be sold in the offerings will be offered by Equinix.

    The notes will be Equinix's general senior obligations and will rank equal in right of payment to all of its existing and future senior indebtedness. The interest rate, offering price and other terms of the notes will be determined by Equinix and the underwriters of the Notes Offerings.

    Equinix intends to use the net proceeds of the Equity Offering and the Notes Offering and existing term loan B borrowings of approximately $1.053 billion to finance the previously announced proposed acquisition of the colocation services business of Verizon Communications Inc. at 24 data center sites in the United States, Brazil and Colombia (the "Acquisition") and related transaction fees and expenses and for general corporate purposes. However, if for any reason the Acquisition is not completed, then Equinix intends to use all of the net proceeds from the Equity Offering for general corporate purposes. In addition, if for any reason the Acquisition is not completed on or prior to December 6, 2017, or if, prior to such date, the transaction agreement relating to the Acquisition is terminated, then in either case Equinix will be required to redeem the notes at par.

    J.P. Morgan, BofA Merrill Lynch, Goldman, Sachs & Co., RBC Capital Markets, Barclays and Citigroup are acting as joint book-running managers and ING, MUFG, TD Securities, HSBC, BTIG and Evercore ISI are acting as co-managers for the Equity Offering.

    J.P. Morgan, BofA Merrill Lynch, RBC Capital Markets, Barclays, Goldman, Sachs & Co., MUFG and TD Securities are acting as joint book-running managers and ING, HSBC and US Bancorp are acting as co-managers for the Notes Offering.

    Equinix has filed a registration statement (including a preliminary prospectus supplement for each offering and accompanying prospectus) with the Securities and Exchange Commission (the "SEC") for the Equity Offering and the Notes Offering to which this communication relates. Each offering may be made only by means of a prospectus supplement relating to such offering and the accompanying prospectus. Before you invest, you should read the registration statement (including the preliminary prospectus supplement for each offering and accompanying prospectus) for more complete information about Equinix, the Equity Offering and the Notes Offering. You may get a preliminary prospectus supplement for either offering and accompanying prospectus for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and accompanying prospectus relating to the Equity Offering may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention Prospectus Department, or by calling 1-866-803-9204, or BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, or e-mail dg.prospectus_requests@baml.com, or Goldman, Sachs & Co., Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com.

    Copies of the preliminary prospectus supplement and accompanying prospectus relating to the Notes Offering may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention Prospectus Department, or by calling 1-866-803-9204, or BofA Merrill Lynch, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attention: Prospectus Department, or e-mail dg.prospectus_requests@baml.com.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

    About Equinix
    Equinix, Inc. connects the world's leading businesses to their customers, employees and partners inside the most interconnected data centers. In 41 markets across five continents, Equinix is where companies come together to realize new opportunities and accelerate their business, IT and cloud strategies.

    Forward Looking Statements
    This press release contains forward-looking statements that are based on Equinix management's current expectations. Such statements include plans, projections and estimates regarding the Equity Offering, the Notes Offering, the Acquisition, and the receipt and use of the proceeds from the Equity Offering and the Notes Offering. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, including investor demand, market conditions, customary closing conditions and other factors. In particular, there can be no assurance that Equinix will complete the Equity Offering, the Notes Offering or the Acquisition. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. More information about potential risk factors that could affect Equinix and its results is included in Equinix's filings with the SEC. Equinix does not assume any obligation to update the forward-looking information contained in this press release.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/equinix-announces-proposed-public-offerings-of-175-billion-of-common-stock-and-1125-billion-of-senior-notes-300419695.html

    Photo: http://mma.prnewswire.com/media/1386/EQUINIX_LOGO.jpg Equinix, Inc.

    CONTACT: Equinix Media, David Fonkalsrud, +1 (650) 598-6240,
    dfonkalsrud@equinix.com, or Equinix Investor Relations, Katrina Rymill, +1
    (650) 598-6583, krymill@equinix.com or Paul Thomas, +1 (650) 598-6442,
    pthomas@equinix.com

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




    Skyworks Solutions, Inc., Western Digital Corporation Join Semiconductor Industry Association

    WASHINGTON, March 7, 2017 /PRNewswire-USNewswire/ -- The Semiconductor Industry Association (SIA), representing U.S. leadership in semiconductor manufacturing, design, and research, today announced the addition of two leading U.S. semiconductor companies, Skyworks Solutions, Inc. and Western Digital Corporation , as SIA members. Skyworks Executive Chairman and Chairman of the Board David Aldrich and Western Digital CEO Steve Milligan are expected to be elected to the SIA board of directors at the association's next board meeting on March 8. SIA previously announced the heads of two additional new SIA member companies, IDT President & CEO Greg Waters and Marvell President & CEO Matt Murphy, are also expected to be elected to the SIA board tomorrow. Additionally, GLOBALFOUNDRIES, Inc. CEO Sanjay Jha will replace Ajit Manocha on the SIA board.

    "The addition of Skyworks and Western Digital as SIA members shows growing momentum for collaboration among key semiconductor leaders to shape public policies that impact our industry," said John Neuffer, SIA President and CEO. "Each new SIA member adds their voice to the industry's collective call for initiatives that foster growth and innovation. These include making the U.S. tax system globally competitive, investing in university-based basic research, expanding access to global markets, and strengthening America's tech workforce."

    Aldrich has served as Chairman of the Board at Skyworks since May 2014. Prior to his appointment as Executive Chairman in May 2016, he served as CEO since the company was formed in 2002 via a merger between Alpha Industries and Conexant Systems' wireless business. Before the creation of Skyworks, he served as President and CEO of Alpha Industries, a position he held since April 2000. He joined Alpha Industries in 1995 as Vice President and Chief Financial Officer and held various management positions in the ensuing years, including president and Chief Operating Officer. Prior to this, he held senior management positions at Adams-Russell and M/A-COM. Mr. Aldrich received a bachelor's of arts in political science from Providence College in 1979 and a master's in business administration from the University of Rhode Island in 1981.

    "It is a true pleasure to represent Skyworks on the SIA board of directors at an exciting and pivotal time for our industry," said Aldrich. "I look forward to working in concert with my colleagues to advance the semiconductor industry's interests in Washington, D.C. and in capitals around the world."

    Milligan re-joined Western Digital as President in March 2012 and was appointed CEO effective Jan. 2, 2013. Immediately prior to returning to Western Digital, Milligan was President and CEO of Hitachi Global Storage Technologies (Hitachi GST). During his tenure, Milligan led Hitachi GST through a financial and operational turnaround culminating in Western Digital's acquisition of Hitachi GST in March 2012. Prior to joining Hitachi GST in 2007, Milligan was Western Digital's Senior Vice President and Chief Financial Officer. He originally joined Western Digital in 2002 as Vice President, Finance. Milligan holds a bachelor's degree in accounting from the Ohio State University.

    "The IT landscape is transforming as rapidly as it ever has, and the semiconductor industry plays a critical role in defining its course," said Milligan. "Industry participants must work together in support of our common goals, and I look forward to collaborating with other industry leaders through SIA to make meaningful progress on issues of great importance to us all."

    Media Contact
    Dan Rosso
    Semiconductor Industry Association
    202-446-1719
    drosso@semiconductors.org

    About SIA
    The Semiconductor Industry Association (SIA) is the voice of the U.S. semiconductor industry, one of America's top export industries and a key driver of America's economic strength, national security, and global competitiveness. Semiconductors - microchips that control all modern electronics - enable the systems and products we use to work, communicate, travel, entertain, harness energy, treat illness, and make new scientific discoveries. The semiconductor industry directly employs nearly a quarter of a million people in the U.S. In 2014, U.S. semiconductor company sales totaled $173 billion, and semiconductors make the global trillion dollar electronics industry possible. SIA seeks to strengthen U.S. leadership of semiconductor manufacturing, design, and research by working with Congress, the Administration and other key industry stakeholders to encourage policies and regulations that fuel innovation, propel business and drive international competition. Learn more at www.semiconductors.org.

    About Skyworks
    Skyworks Solutions, Inc. is empowering the wireless networking revolution. Our highly innovative analog semiconductors are connecting people, places and things spanning a number of new and previously unimagined applications within the automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet and wearable markets. Skyworks is a global company with engineering, marketing, operations, sales and support facilities located throughout Asia, Europe and North America and is a member of the S&P 500(R) and Nasdaq-100(R) market indices . For more information, please visit Skyworks' website at: www.skyworksinc.com.

    About Western Digital
    Western Digital is an industry-leading provider of storage technologies and solutions that enable people to create, leverage, experience and preserve data. The company addresses ever-changing market needs by providing a full portfolio of compelling, high-quality storage solutions with customer-focused innovation, high efficiency, flexibility and speed. Our products are marketed under the HGST, SanDisk and WD brands to OEMs, distributors, resellers, cloud infrastructure providers and consumers. Financial and investor information is available on the company's Investor Relations website at investor.wdc.com.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/skyworks-solutions-inc-western-digital-corporation-join-semiconductor-industry-association-300418670.html

    Photo: http://mma.prnewswire.com/media/258246/sia_logo.jpg Semiconductor Industry Association

    Web site: http://www.sia-online.org/




    Hughes Launches World's Largest and Fastest Broadband Satellite NetworkNew EchoStar XIX Satellite with Latest JUPITER System Technology to Anchor Broadband Internet Access Network Across the Americas

    WASHINGTON, March 7, 2017 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), the global leader in broadband satellite networks and services, today announced the launch of the world's largest and fastest satellite broadband network. The new network will support a variety of consumer, business, enterprise, in-flight and cellular backhaul applications across two continents.

    The network utilizes the latest JUPITER(TM) System technology operating on the recently launched Hughes EchoStar XIX satellite, the world's highest capacity broadband satellite. It will also operate over EchoStar XVII and the Hughes hosted payload on the Eutelsat 65W satellite. With next year's launch of Hughes' hosted payload on the Telstar 19V satellite, the network will be further enhanced and provide additional coverage in South America. Supported by 49 gateways and hundreds of spot beams, the network will deliver more than 400 Gbps of capacity for use by consumer and business customers across North and South America.

    "As the industry's trusted leader for over four decades, Hughes innovations set the standard for best-in-class satellite broadband solutions," said Pradman Kaul, president, Hughes. "With EchoStar XIX coming online later in March, Hughes now can draw on more Ka-band satellite capacity than any other satellite operator, and through our industry-leading JUPITER System technology, provide unmatched coverage, efficiency and performance to consumers, businesses and enterprises across the Americas."

    The Hughes JUPITER System is the first and only VSAT platform with System on a Chip (SoC) technology incorporating the latest DVB-S2X air interface standard, wideband 250 MHz carriers operating at more than 1 Gbps, and with throughputs of over 100 Mbps on every terminal. The JUPITER system is the market leader for service operators around the world for use with High Throughput Satellite (HTS) and conventional satellites.

    The Hughes consumer service in the U.S. and Brazil, HughesNet(R), already has over 1 million subscribers and the new network will be leveraged to enhance and expand these services. Service delivery throughout the coverage area will be through a combination of direct HughesNet services and service partners. The network makes possible a new level of high-speed access services, to be marketed as Hughes HTS, for enterprises and government customers, as well as supporting significant expansion in the scope and performance of the company's in-flight services for the aero market.

    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, operating on more than 20 satellites by leading service providers, delivering a wide range of broadband enterprise, mobility and cellular backhaul applications. To date, Hughes has shipped more than 5.5 million terminals to customers in over 100 countries, representing approximately 50 percent market share, and its technology is powering broadband services to aircraft around the world.

    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-launches-worlds-largest-and-fastest-broadband-satellite-network-300419217.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/




    Kudelski Security and Cerner Corporation to Present Webinar on "Getting C-Suite Support - Strategies for the CISO"Trusted Cybersecurity Innovator Presents Insightful Resources for Today's Enterprise CISOs, Including ModernCISO Blog, Fresh Thinking Webinar Series and White Papers

    CHESEAUX-SUR-LAUSANNE, Switzerland and PHOENIX, March 7, 2017 /PRNewswire/ -- Kudelski Security, the cybersecurity division within the Kudelski Group (SIX:KUD.S) and trusted innovator for the world's most security-conscious organizations, today announced it will present a webinar entitled "Getting C-Suite Buy In - Strategies for the CISO."

    The webinar will feature the insights of Don Kleoppel, chief security officer at Cerner Corporation and is scheduled for Wednesday, March 8, 2017 at 12:00 p.m. ET. Kudelski Security has also unveiled its new ModernCISO blog, as well as a special security white paper. All these resources are designed to address the concerns and challenges faced by today's chief information security officers (CISO).

    Part of the company's Fresh Thinking Webinar series, Kleoppel will be joined by John Hellickson, director of strategy & risk, Kudelski Security. The executives will discuss how CISOs can approach conversations around security in a way that resonates with the C-Suite and elicits the answer "yes" in support of initiatives. The conversation will include tools and methods to contextualize security in business strategy, approaches for effective enablement and partnership with other executives, as well as workload management tips for operations and leadership.

    --  Session: "Getting C-Suite Support  - Strategies for the CISO"
    --  Date: Wednesday, March 8, 2017, 12:00 p.m. - 1:00 p.m. ET
    --  Speakers: Don Kleoppel, chief security officer, Cerner Corporation, and
    John Hellickson, director of strategy & risk, Kudelski Security
    --  Where: Attendees may register for the webinar by clicking here
    

    In addition to the Fresh Thinking Webinar series, Kudelski Security also launched its new ModernCISO blog, dedicated to enterprise security officers and corporate decision-makers. Content includes guidance and advice from the company's thought-leaders on topics relevant to CISOs, ranging from how to respond to Ticketbleed, and securing Internet-connected devices, to challenges in quantum computing. The ModernCISO blog may be accessed by clicking: here

    Kudelski Security has also relaunched the Cybermashup.com blog as a research blog supported by the latest findings from Kudelski Security Research. Led by a global team of experts, the entity offers a new standard of analysis and research in areas ranging from threat identification and countermeasures to best-practices on encryption and data protection.

    About Kudelski Security

    Kudelski Security is the premier advisor and cybersecurity innovator for today's most security-conscious organizations. Our long-term approach to client partnerships enables us to continuously evaluate their security posture to recommend solutions that reduce business risk, maintain compliance and increase overall security effectiveness. With clients that include Fortune 500 enterprises and government organizations in Europe and across the United States, we address the most complex environments through an unparalleled set of solution capabilities including consulting, technology, managed security services and custom innovation. For more information, visit www.kudelskisecurity.com.

    Media Contact:
    John Van Blaricum
    Vice President, Global Marketing
    Kudelski Security
    +1 650 966 4320
    john.vanblaricum@kudelskisecurity.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/kudelski-security-and-cerner-corporation-to-present-webinar-on-getting-c-suite-support--strategies-for-the-ciso-300419321.html

    Photo: http://mma.prnewswire.com/media/392252/Kudelski_Security_Logo.jpg Kudelski Security

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




    Hughes Launches Industry's Fastest High-Throughput Satellite (HTS) Service for Enterprises and GovernmentWith service plans up to 50/5 Mbps, Hughes HTS enables high performance, secure, fully managed broadband solution for distributed organizations

    WASHINGTON, March 7, 2017 /PRNewswire/ -- Hughes Network Systems, LLC (Hughes), a leader in the provision of managed network services, today continued to expand its network offerings for large businesses and government by adding the world's fastest high-throughput satellite (HTS) offering to the HughesON(TM) line of managed services.

    Businesses continue to demand ever greater network reliability and capacity for their branch locations as they transform their business operations to improve efficiency and customer experience. The Hughes HTS service is the ideal solution for branch sites challenged with inadequate wireline broadband options. It offers service plans up to 50 Mbps/5 Mbps and a range of high-usage data allowances. In many locations across the U.S., DSL is not able to offer the speeds or reliability required for today's enterprise networks. Moreover, even where wireline broadband options exist, cost-effective, path-diverse high speed back up is difficult to achieve, even with LTE services. Whether the enterprise is looking for high-performance primary connectivity for their branch sites or seeking to back up their Ethernet access, Hughes HTS delivers high-performance, cost-effective solutions.

    Hughes HTS will be a key component of the HughesON range of managed services for large distributed organizations. HughesON delivers industry leading network security options and includes the Hughes ActiveTechnologies(TM) performance optimization suite that provides greater throughput, end-to-end QoS, and automated traffic shaping to deliver an enterprise-grade network, all backed by end-to-end service management.

    "Hughes HTS opens up a host of new services and capabilities to organizations that have been hamstrung by sluggish connectivity, bringing true broadband to every location across the nation with industry leading speeds and performance," said Mike Cook, senior vice president, North America, Hughes. "HughesON continues to lead the industry with innovative enterprise solutions, and this launch continues to demonstrate Hughes' commitment to new solutions that can help our business customers improve their operational efficiency. The Hughes HTS service will evolve to serve enterprise customers even better through integration with our recently announced managed SD-WAN solution."

    The Hughes HTS service leverages the newly launched EchoStar XIX satellite, the world's highest capacity broadband satellite. EchoStar XIX employs 138 spot beams across the continental U.S. and parts of Alaska, Canada and Central America. When combined with the latest Hughes JUPITER(TM) System, it creates the world's largest and fastest satellite broadband system ever deployed.

    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, operating on more than 20 satellites by leading service providers, delivering a wide range of broadband enterprise, mobility and cellular backhaul applications. To date, Hughes has shipped more than 5.5 million terminals to customers in over 100 countries, representing approximately 50 percent market share, and its technology is powering broadband services to aircraft around the world.

    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 HughesON and JUPITER are trademarks of Hughes Network Systems, LLC.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/hughes-launches-industrys-fastest-high-throughput-satellite-hts-service-for-enterprises-and-government-300419251.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/




    Scripps management presenting at 25th Deutsche Bank Conference today

    CINCINNATI, March 7, 2017 /PRNewswire/ -- Tim Wesolowski, senior vice president and chief financial officer of The E.W. Scripps Company , and Brian Lawlor, senior vice president, Scripps broadcast division, will discuss the company's business strategies at the Deutsche Bank 25(th) Annual Media, Internet and Telecom Conference in Palm Beach, Florida, today.

    Live audio of the presentation will be available from 3:45 p.m. to 4:20 p.m. Eastern. To listen, visit www.scripps.com and click on "investor information," then "audio archives." A replay will be available there for approximately 30 days.

    About Scripps

    The E.W. Scripps Company serves audiences and businesses through a growing portfolio of television, radio and digital media brands. Scripps is one of the nation's largest independent TV station owners, with 33 television stations in 24 markets and a reach of nearly one in five U.S. households. It also owns 34 radio stations in eight markets. Scripps also runs an expanding collection of local and national digital journalism and information businesses, including multi-platform satire and humor brand Cracked, podcast industry leader Midroll Media and over-the-top video news service Newsy. Scripps also produces television shows including "The List" and "The Now," runs an award-winning investigative reporting newsroom in Washington, D.C., and serves as the longtime steward of the nation's largest, most successful and longest-running educational program, the Scripps National Spelling Bee. Founded in 1878, Scripps has held for decades to the motto, "Give light and the people will find their own way."

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/scripps-management-presenting-at-25th-deutsche-bank-conference-today-300419392.html

    The E.W. Scripps Company

    CONTACT: Investor contact: Carolyn Micheli, The E.W. Scripps Company,
    513-977-3732, Carolyn.micheli@scripps.com, Media contact: Valerie Miller,
    The E.W. Scripps Company, 513-977-3023, Valerie.miller@scripps.com

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




    RBC first Canadian bank to launch Interac e-transfer using Siri

    New RBC Mobile app capability further strengthens RBC's market leading position in the payments and mobile space

    TORONTO, March 7, 2017 /CNW/ - Sending money is now as easy as saying "Hey Siri, send Pat $20", as Royal Bank of Canada ("RBC") launches money transfers with Siri for its personal banking clients. This innovative money transfer solution is now available through an update to the RBC Mobile app for iPhone and iPad. Building on its market leading, free person-to-person money transfer services for chequing account clients launched last year, RBC continues to develop simple and innovative ways for clients to make payments and bank with their mobile devices.

    "It's our goal to continue to be part of the everyday mobile experiences of our clients by adding more convenient and seamless ways to send money and bank with RBC," said Sean Amato-Gauci, executive vice-president, Digital, Payments and Cards, RBC. "Building on the explosive growth of our free person-to-person payments products, we're excited to provide the ability for our clients to now send free money transfers from their chequing accounts using Siri."

    Using Siri to send money with RBC
    Sending money with RBC is really as simple as it sounds. Once you give the voice command, the Siri feature will confirm the name from your payee list and the RBC Mobile app automatically debits your chequing account and sends the payment. The payment is secure and protected by TouchID.

    This payment solution is the latest enhancement from the RBC innovation labs, which test new ideas by partnering with academia, fintechs and RBC clients to make banking easier. The RBC labs are actively working on a range of client solutions that will be coming to market this year.

    "We are completely rethinking how we can deliver services, products and advice to our clients as we continue to focus on our strategy of being a digitally enabled relationship bank," said Amato-Gauci. "We're not only listening to our clients, we're asking them to guide what we build and when. Our innovation labs allow us to work directly with our clients and provide us an opportunity to test and learn with consumer feedback."

    Investing in Innovation
    RBC recently announced its collaboration with NextAI, a global innovation program for artificial intelligence-related ventures, and that Dr. Richard S. Sutton, one of the modern day pioneers of AI, will act as head academic advisor to RBC Research in machine learning at a newly established lab based at the Alberta Machine Intelligence Institute (Amii).

    The RBC Mobile app is available for free download from the App Store on iPhone and iPad or at www.AppStore.com.

    For more about the RBC Mobile app, please visit www.rbcroyalbank.com/mobile/.

    About RBC
    Royal Bank of Canada is Canada's largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 35 other countries. For more information, please visit http://www.rbc.com/.

    RBC helps communities prosper, supporting a broad range of community initiatives through donations, community investments and employee volunteer activities. For more information please see: http://www.rbc.com/community-sustainability/.

    RBC Royal Bank

    CONTACT: Jeff Lanthier, RBC Communications, 416-903-7388,
    jeff.lanthier@rbc.com; Sarah Hall Turnbull, BlueSky Communications,
    416-458-3878, sturnbull@blueskycommunications.com

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




    Hughes Announces JUPITER Aero System Offering Industry's Fastest In-Flight Internet ConnectivitySystem is Capable of Delivering Over 400Mbps Broadband Speed to Individual Aircraft

    WASHINGTON, March 7, 2017 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), the global leader in broadband satellite networks and services, today announced its JUPITER(TM) Aero System for Inflight Connectivity (IFC). The new aero solution offers the industry's fastest in-flight Internet connectivity, capable of supporting speeds in excess of 400 Mbps and operates on both Ka and Ku-band frequencies, making it the ideal solution for commerical air routes throughout the world.

    The Hughes JUPITER Aero System leverages the proven capabilities of its market-leading JUPITER System--the mostly widely deployed high-throughput satellite (HTS) system in the world--to deliver high-performance mobility services across both HTS and conventional satellites. The JUPITER System supports DVB-S2X--the satellite industry's latest air interface standard and widely recognized as the most bandwidth efficient standard developed for satellite transmissions.

    The dual-band JUPITER aeronautical terminal is based on ARINC 791 and incorporates a highly advanced Modem Manager (MODMAN) along with an option for a dual Ka and Ku-band antenna. The terminal is fully compatible with both wide-beam and spot-beam satellites and supports rapid switching between beams and satellites, without loss of session as an aircraft traverses the coverage area, thus enabling passengers to enjoy uninterrupted high-speed connectivity around the globe.

    The JUPITER Aero System incorporates the most advanced mobility features in the industry today, including Doppler correction, adaptive coding and modulation, and enhanced beam switching, allowing seamless handoffs between beams and from satellite to satellite--all managed by a single Network Management System (NMS). The system also includes a number of advanced features to improve the passenger experience, including onboard traffic management, Quality of Service (QoS), compression and acceleration.

    For air routes over the North America, customers will be able to utilize the new JUPITER Aero System in conjunction with the newly launched EchoStar XIX satellite, the world's highest-capacity broadband satellite. This will enable service providers and their customers to take full advantage of the superior speed, throughput and economics of this new satellite.

    "Airlines have been challenged to support passengers' increasing expectations for faster connectivity from gate to gate," said Paul Gaske, executive vice president, North America, Hughes. "With our new JUPITER Aero system, in-flight Internet services no longer have to be subpar compared to terrestrial networks. Not only does it provide abundant bandwidth to support every passenger on even the largest of airliners, the dual band capability of the Hughes Modman and antenna systems enables airlines to provide this level of service across the globe."

    The JUPITER Aero System will ship in the second half of 2017.

    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, operating on more than 20 satellites by leading service providers, delivering a wide range of broadband enterprise, mobility and cellular backhaul applications. To date, Hughes has shipped more than 5.5 million terminals to customers in over 100 countries, representing approximately 50 percent market share, and its technology is powering broadband services to aircraft around the world.

    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-announces-jupiter-aero-system-offering-industrys-fastest-in-flight-internet-connectivity-300419203.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/




    Kymeta and Intelsat Announce KĀLO(TM), a New Service to Revolutionize How Satellite Services Are Purchased

    Kymeta's KĀLO redefines satellite connectivity with services purchased in familiar, flexible data packages combined with radical pay-for-what-you-use pricing.

    KĀLO to leverage Intelsat's IntelsatOne® Flex managed services platform and address the coverage, capacity and security challenges that many mobility customers face each day.

    LUXEMBOURG, REDMOND, Washington and WASHINGTON, March 7, 2017 /PRNewswire/ -- SATELLITE 2017 - Kymeta, the company delivering on the promise of global, mobile connectivity, and Intelsat S.A. , operator of the world's first Globalized Network, have joined forces to offer a new, groundbreaking, satellite service offering that is easy to buy and use. The new KĀLO service, which will become available in Q3 2017, will introduce a simplified way to buy and sell connectivity to customers and sectors that are currently unreached or underserved by terrestrial networks. KĀLO will change the way satellite services are purchased by direct users, integrators and service providers because it will be sold much like cellular services are purchased.

    http://mma.prnewswire.com/media/475258/Kymeta_Logo.jpg [http://mma.prnewswire.com/media/475258/Kymeta_Logo.jpg]

    Using Kymeta mTenna(u7 )antenna subsystem modules (ASMs) and fully integrated KyWay Terminals, KĀLO will provide easy, flexible satellite connectivity for both fixed and mobile applications, further reducing communication barriers. KĀLO will provide a fully provisioned end-to-end connectivity solution that will unlock fast growing vertical sectors that have been historically difficult to support, including rail, energy, IoT, first responders, buses, connected car and more.

    "Today's satellite connectivity services are not easy to buy," said Dr. Nathan Kundtz, Founder, President and CEO, Kymeta. "This is particularly true when moving across different mobility platforms. Intelsat's ubiquitous global telecommunications network of wide-beam and Intelsat Epic(NG) high-throughput spot-beam satellites combined with the flexibility of our user terminal technology will fundamentally change that landscape. KĀLO services move seamlessly between these satellites and are sold in simple, flexible, variable-usage packages that are provided in by-the-gigabyte plans we are all familiar with."

    "Kymeta and Intelsat both share a strong belief that better economics and simplified access are essential to unlocking new and fast growing applications, and KĀLO addresses both imperatives in a single service," said Stephen Spengler, Chief Executive Officer, Intelsat. "Kymeta's mTenna technology is revolutionizing the way people access and use mobile satellite connectivity, and with KĀLO, customers will have simplified access to Intelsat's globalized satellite network and its IntelsatOne Flex managed services platform for secure and powerful high-speed connectivity. Together, Intelsat and Kymeta will be strongly positioned to deliver on our commitment to provide fast, affordable mobile broadband connectivity to people on the move."

    The Future of Satellite Services
    Kymeta is taking mobile connectivity where it has never been before by providing streamlined, easy-to-purchase satellite connectivity services built upon Intelsat's global satellite network. With KĀLO Connectivity, satellite services are being redefined to change the way the world communicates while on the move:

    --  Radically Easy - Pay for what you use
    --  Easy to understand and buy connectivity
    --  Bundled with Kymeta KyWay Terminal or mTenna(u7 )ASM
    --  Complete global coverage
    --  Familiar data package options that consumers are used to buying today
    --  Flexible, variable usage solutions
    

    Learn More
    KĀLO, enabled by Kymeta's mTenna(u7 )ASMs and KyWay Terminals, will offer flexible data packages for satellite connectivity. To learn more about KĀLO and mTenna and KyWay antennas and terminals, visit www.kalo.net [http://www.kalo.net/].

    For more information, connect with Kymeta at SATELLITE 2017:

    --  March 7 - March 9, Booth 1109 Kymeta will be exhibiting and accepting
    reservations for mTenna( u7) ASMs and KyWay Terminals along with KĀLO
    during show hours.
    

    About Kymeta Corporation
    Kymeta delivers on what connectivity is meant to be - secure, available, and global. Kymeta is removing barriers by providing an innovative means of leveraging satellite network capacity for high bandwidth communication access while on the move. The company's first products, software-enabled metamaterials-based electronic beamforming antennas and terminals for satellite communications, will keep boats, planes, cars, and more connected.

    In 2017 Kymeta has been recognized with a 2017 Fast Company World's Most Innovative Companies in Space award and the 2017 Puget Sound Business Journal Innovation Award for Technology. The company has also been awarded the 2016 Seattle Business Silver Tech Impact Award for Emerging Technology and the 2016 2b AHEAD Innovators Award, which were closely preceded by the Frost & Sullivan 2016 New Product Innovation Award. The company has also been recognized as a CNBC Disruptor for two consecutive years, a FiReStarter by Strategic News Network and a top 50 MIT Technology Review Disruptive Company. Kymeta has formed significant partnerships with industry leaders including Toyota, Intelsat, Panasonic, Airbus Defence & Space, Sharp, Intellian, O3b, and more. If it moves, Kymeta will keep it connected. Anywhere. The company is based in Redmond, Washington and operates on a worldwide basis. For more information, please visit www.kymetacorp.com [http://www.kymetacorp.com/] and www.kalo.net [http://www.kalo.net/].

    About Intelsat
    Intelsat S.A. operates the world's first Globalized Network, delivering high-quality, cost-effective video and broadband services anywhere in the world. Intelsat's Globalized Network combines the world's largest satellite backbone with terrestrial infrastructure, managed services and an open, interoperable architecture to enable customers to drive revenue and reach through a new generation of network services. Thousands of organizations serving billions of people worldwide rely on Intelsat to provide ubiquitous broadband connectivity, multi-format video broadcasting, secure satellite communications and seamless mobility services. The end result is an entirely new world, one that allows us to envision the impossible, connect without boundaries and transform the ways in which we live. For more information, visit www.intelsat.com [http://www.intelsat.com/].

    Business Inquiries for Kymeta:
    Lisa Dreher
    Director of Marketing
    Kymeta Corporation
    +1 425.658.8724
    ldreher@kymetacorp.com [mailto:ldreher@kymetacorp.com]

    Media Inquiries for Kymeta:
    Aaron Grabein
    WE Communications
    +1 512.527.7022
    agrabein@we-worldwide.com [mailto:agrabein@we-worldwide.com]

    http://mma.prnewswire.com/media/475259/KALO_Logo.jpg [http://mma.prnewswire.com/media/475259/KALO_Logo.jpg ]

    Logo - http://mma.prnewswire.com/media/475258/Kymeta_Logo.jpg [http://mma.prnewswire.com/media/475258/Kymeta_Logo.jpg]

    Logo - http://mma.prnewswire.com/media/475259/KALO_Logo.jpg [http://mma.prnewswire.com/media/475259/KALO_Logo.jpg]

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/kymeta-and-intelsat-announce-klo-a-new-service-to-revolutionize-how-satellite-services-are-purchased-300418807.html [http://www.prnewswire.com/news-releases/kymeta-and-intelsat-announce-klo-a-new-service-to-revolutionize-how-satellite-services-are-purchased-300418807.html]

    Photo: http://mma.prnewswire.com/media/475258/Kymeta_Logo.jpg
    http://mma.prnewswire.com/media/475259/KALO_Logo.jpg Kymeta Corporation

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




    Hughes Announces HughesNet Gen5 High-Speed Satellite Internet ServiceFirst Satellite Internet Service to Deliver 25 Mbps Download Speeds Coast-to-Coast Across the U.S.

    WASHINGTON, March 7, 2017 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), the global leader in broadband satellite networks and services, today announced HughesNet((R)) Gen5, the first and only U.S. satellite Internet service to offer Federal Communications Commission (FCC) defined broadband speeds - 25 Mbps download and 3 Mbps uploads - from coast-to-coast.

    When it goes live on March 16, 2017, HughesNet Gen5 will deliver faster speeds, more data, and built-in Wi-Fi for consumers and small businesses across the entire continental U.S. and key areas within Alaska. HughesNet Gen5 will be powered by the Hughes JUPITER(TM) System, the most widely deployed satellite networking platform globally, operating over EchoStar XIX, the world's highest-capacity broadband satellite, as well as EchoStar XVII currently in orbit.

    "As the industry leader, Hughes continues to invest in technological innovations to deliver an ever enhanced Internet experience for our rapidly growing customer base," said Pradman Kaul, president, Hughes. "HughesNet Gen5 builds on the success of America's #1 satellite Internet service--with over 1 million subscribers, and rated by the Federal Communications Commission (FCC) as the nation's leading ISP in delivering on advertised speeds (ref : "2016 Measuring Broadband in America" report)--bringing the many benefits of high-speed Internet to people everywhere across America, no matter where they live or work."

    HughesNet Gen5 is available in a variety of affordable consumer and business plans to suit customer's specific requirements, featuring from 10 to 250 GB/month of data, and all with download speeds of 25 Mbps and upload speeds of 3 Mbps. Additional features include:

    --  Built-in Wi-Fi to connect wireless devices
    --  No hard data limits - if monthly plan data is exceeded, service
    continues at a reduced speed until the next billing cycle
    --  Video Data Saver to watch more videos using less data
    --  Bonus Zone - 50 GB of free data per month to use during off-peak hours
    (2 a.m.-8 a.m.)
    

    HughesNet is available through a nationwide network of dealers and sales agents, as well as directly through www.HughesNet.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, operating on more than 20 satellites by leading service providers, delivering a wide range of broadband enterprise, mobility and cellular backhaul applications. To date, Hughes has shipped more than 5.5 million terminals to customers in over 100 countries, representing approximately 50 percent market share, and its technology is powering broadband services to aircraft around the world.

    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-announces-hughesnet-gen5-high-speed-satellite-internet-service-300419219.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: https://www.hughes.com/




    ZTE Corporation Reaches Settlement with U.S. Authorities

    SHENZHEN, China, March 7, 2017 /PRNewswire/ -- ZTE Corporation (0763.HK / 000063.SZ) today announced that it has entered into a global settlement with the U.S. government regarding its historical conduct relating to U.S. export controls and sanctions. While the agreement with OFAC takes effect immediately, the agreement with DOJ is pending approval from the United States District Court for the Northern District of Texas. Similarly, Court approval of the DOJ agreement is a prerequisite before BIS will issue its settlement Order.

    As part of the resolution, ZTE has agreed to a criminal and civil penalty of $892,360,064, and an additional penalty of $300,000,000 to BIS that will be suspended during the seven-year term on the condition that the company complies with the requirements in the agreement with BIS and that ZTE will continue to work with an independent compliance monitor and auditor.

    "ZTE acknowledges the mistakes it made, takes responsibility for them, and remains committed to positive change in the company," said Dr. Zhao Xianming, Chairman and CEO of ZTE Corporation. "Instituting new compliance-focused procedures and making significant personnel changes has been a top priority for the company. We have learned many lessons from this experience and will continue on our path of becoming a model for export compliance and management excellence. We are committed to a new ZTE, compliant, healthy and trustworthy."

    Dr. Zhao was named Chairman and Chief Executive Officer of ZTE Corporation in April 2016 with a mandate to lead a new ZTE with a best-in-class export compliance program.

    "The agreements we reached will enable us to move forward in a stronger position than ever before," continued Dr. Zhao. "We are grateful to all of our customers, partners, employees and stakeholders who have stood by us throughout this difficult time. With this agreement behind us and our compliance program firmly established, we can confidently grow our business with suppliers, continue to provide innovative technology solutions to our partners, and execute our growth strategies as a new ZTE."

    "ZTE has made tremendous progress in building a world-class compliance program and I look forward to working with others in the company's leadership to further build and improve our operations and processes," said Matt Bell, who was appointed Chief Export Compliance Officer in November 2016. "We are creating a global team of experienced compliance professionals, and our compliance trainings have been strengthened and reinforced at every level of the company. We are constantly reviewing and improving policies and procedures to keep up with an ever-changing regulatory landscape and working to reinforce the strategic business advantage a strong compliance program has in the marketplace. Our global legal and compliance professionals will continue to work together to identify risk across the company and continually improve the effectiveness of our overall compliance program."

    Under Dr. Zhao's direction, ZTE remains focused on enhancing its procedures and controls and continuing to create a strong compliance culture throughout the organization. During recent months, the company has invested in extensive reforms to create a leading export compliance program including the following actions:

    --  New CEO and Company Leadership. ZTE appointed Dr. Zhao as Chairman and
    Chief Executive Officer and made major changes to the senior management
    team, all of whom have a mandate of leading a new ZTE with a
    best-in-class export compliance program.
    --  New Compliance Committee. ZTE created a Chief Executive Officer-led
    Compliance Committee with the authority and remit to significantly
    change the company's policies and procedures, and provide greater
    oversight of support for the compliance initiatives.
    --  Restructured Legal and Compliance Departments. ZTE removed compliance
    from the responsibility of the legal department and created a separate
    compliance department with increased headcount to build the compliance
    program with full independence.
    --  New U.S. Lawyer Named Chief Export Compliance Officer. A new Chief
    Export Compliance Officer, U.S. lawyer Matt Bell, was hired with
    responsibility for overseeing the continued development and improvement
    of the global export compliance program. Mr. Bell has experience
    developing and improving compliance programs for major multinational
    companies throughout his career.
    --  Expanded Export Control Compliance Manual. ZTE issued a new Export
    Control Compliance Manual created in conjunction with the review of BIS
    to provide more detailed guidance to the employees. ZTE also now
    requires an annual Compliance Commitment Agreement from all employees.
    --  New Automated Tools and Processes. ZTE implemented a software automation
    tool which screens shipments from ZTE Corporation and certain
    subsidiaries for export control obligations. The system is used to
    determine which items are subject to the Export Administration
    Regulations (EAR), provides embargo and restricted party screening on
    the transactions, and places shipments on hold that require detailed
    classification analysis, application of license exceptions, or
    application of licenses when necessary. ZTE continues to make
    significant investments in automation to roll this out to its
    subsidiaries around the world.
    --  Global Export Controls Training. ZTE trained over 45,000 employees on
    export controls and sanctions laws and company policies in 2016. ZTE is
    continuing these general awareness trainings in 2017 while also rolling
    out more targeted training for critical functions such as sales,
    procurement, R&D and supply chain.
    

    BIS will recommend that ZTE be removed from the Entity list, conditioned on court approval of the DOJ agreement, entry of the plea, and the issuance of BIS's settlement Order.

    "ZTE has created strong partnerships with many U.S. suppliers that support nearly 130,000 high-tech jobs," Dr. Zhao emphasized. "Coupled with recent efforts to streamline operations and our innovative leadership around 5G, ZTE will be well-positioned for positive overall performance. The company anticipates continued growth and business expansion over the next several years as we continue to work with our partners around the world."

    About ZTE Corporation

    ZTE is a provider of advanced telecommunications systems, mobile devices, and enterprise technology solutions to consumers, carriers, companies, and public sector customers and its products and services are sold to more than 500 operators in approximately 160 countries. As part of ZTE's M-ICT strategy, the Company is committed to providing customers with integrated end-to-end innovations to deliver excellence and value as the telecommunications and information technology sectors converge. ZTE commits a large portion of its annual revenue to research and development and has leadership roles in international standard-setting organizations. ZTE is committed to corporate social responsibility and is a member of the UN Global Compact. For more information, please visit www.zte.com.cn.

    Media Contacts:

    Margrete Ma
    ZTE Corporation
    ma.gaili@zte.com.cn

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/zte-corporation-reaches-settlement-with-us-authorities-300419401.html

    ZTE Corporation



    ZTE Corporation Reaches Settlement with U.S. Authorities

    SHENZHEN, China, March 7, 2017 /PRNewswire/ -- ZTE Corporation (0763.HK / 000063.SZ) today announced that it has entered into a global settlement with the U.S. government regarding its historical conduct relating to U.S. export controls and sanctions. While the agreement with OFAC takes effect immediately, the agreement with DOJ is pending approval from the United States District Court for the Northern District of Texas. Similarly, Court approval of the DOJ agreement is a prerequisite before BIS will issue its settlement Order.

    As part of the resolution, ZTE has agreed to a criminal and civil penalty of $892,360,064, and an additional penalty of $300,000,000 to BIS that will be suspended during the seven-year term on the condition that the company complies with the requirements in the agreement with BIS and that ZTE will continue to work with an independent compliance monitor and auditor.

    "ZTE acknowledges the mistakes it made, takes responsibility for them, and remains committed to positive change in the company," said Dr. Zhao Xianming, Chairman and CEO of ZTE Corporation. "Instituting new compliance-focused procedures and making significant personnel changes has been a top priority for the company. We have learned many lessons from this experience and will continue on our path of becoming a model for export compliance and management excellence. We are committed to a new ZTE, compliant, healthy and trustworthy."

    Dr. Zhao was named Chairman and Chief Executive Officer of ZTE Corporation in April 2016 with a mandate to lead a new ZTE with a best-in-class export compliance program.

    "The agreements we reached will enable us to move forward in a stronger position than ever before," continued Dr. Zhao. "We are grateful to all of our customers, partners, employees and stakeholders who have stood by us throughout this difficult time. With this agreement behind us and our compliance program firmly established, we can confidently grow our business with suppliers, continue to provide innovative technology solutions to our partners, and execute our growth strategies as a new ZTE."

    "ZTE has made tremendous progress in building a world-class compliance program and I look forward to working with others in the company's leadership to further build and improve our operations and processes," said Matt Bell, who was appointed Chief Export Compliance Officer in November 2016. "We are creating a global team of experienced compliance professionals, and our compliance trainings have been strengthened and reinforced at every level of the company. We are constantly reviewing and improving policies and procedures to keep up with an ever-changing regulatory landscape and working to reinforce the strategic business advantage a strong compliance program has in the marketplace. Our global legal and compliance professionals will continue to work together to identify risk across the company and continually improve the effectiveness of our overall compliance program."

    Under Dr. Zhao's direction, ZTE remains focused on enhancing its procedures and controls and continuing to create a strong compliance culture throughout the organization. During recent months, the company has invested in extensive reforms to create a leading export compliance program including the following actions:

    --  New CEO and Company Leadership. ZTE appointed Dr. Zhao as Chairman and
    Chief Executive Officer and made major changes to the senior management
    team, all of whom have a mandate of leading a new ZTE with a
    best-in-class export compliance program.
    --  New Compliance Committee. ZTE created a Chief Executive Officer-led
    Compliance Committee with the authority and remit to significantly
    change the company's policies and procedures, and provide greater
    oversight of support for the compliance initiatives.
    --  Restructured Legal and Compliance Departments. ZTE removed compliance
    from the responsibility of the legal department and created a separate
    compliance department with increased headcount to build the compliance
    program with full independence.
    --  New U.S. Lawyer Named Chief Export Compliance Officer. A new Chief
    Export Compliance Officer, U.S. lawyer Matt Bell, was hired with
    responsibility for overseeing the continued development and improvement
    of the global export compliance program. Mr. Bell has experience
    developing and improving compliance programs for major multinational
    companies throughout his career.
    --  Expanded Export Control Compliance Manual. ZTE issued a new Export
    Control Compliance Manual created in conjunction with the review of BIS
    to provide more detailed guidance to the employees. ZTE also now
    requires an annual Compliance Commitment Agreement from all employees.
    --  New Automated Tools and Processes. ZTE implemented a software automation
    tool which screens shipments from ZTE Corporation and certain
    subsidiaries for export control obligations. The system is used to
    determine which items are subject to the Export Administration
    Regulations (EAR), provides embargo and restricted party screening on
    the transactions, and places shipments on hold that require detailed
    classification analysis, application of license exceptions, or
    application of licenses when necessary. ZTE continues to make
    significant investments in automation to roll this out to its
    subsidiaries around the world.
    --  Global Export Controls Training. ZTE trained over 45,000 employees on
    export controls and sanctions laws and company policies in 2016. ZTE is
    continuing these general awareness trainings in 2017 while also rolling
    out more targeted training for critical functions such as sales,
    procurement, R&D and supply chain.
    

    BIS will recommend that ZTE be removed from the Entity list, conditioned on court approval of the DOJ agreement, entry of the plea, and the issuance of BIS's settlement Order.

    "ZTE has created strong partnerships with many U.S. suppliers that support nearly 130,000 high-tech jobs," Dr. Zhao emphasized. "Coupled with recent efforts to streamline operations and our innovative leadership around 5G, ZTE will be well-positioned for positive overall performance. The company anticipates continued growth and business expansion over the next several years as we continue to work with our partners around the world."

    About ZTE Corporation

    ZTE is a provider of advanced telecommunications systems, mobile devices, and enterprise technology solutions to consumers, carriers, companies, and public sector customers and its products and services are sold to more than 500 operators in approximately 160 countries. As part of ZTE's M-ICT strategy, the Company is committed to providing customers with integrated end-to-end innovations to deliver excellence and value as the telecommunications and information technology sectors converge. ZTE commits a large portion of its annual revenue to research and development and has leadership roles in international standard-setting organizations. ZTE is committed to corporate social responsibility and is a member of the UN Global Compact. For more information, please visit www.zte.com.cn [http://www.zte.com.cn/].

    Media Contacts:

    Margrete Ma
    ZTE Corporation
    ma.gaili@zte.com.cn [mailto:ma.gaili@zte.com.cn]

    ZTE Corporation



    Kymeta and Intelsat Announce K LO(TM), a New Service to Revolutionize How Satellite Services Are PurchasedKymeta's K LO redefines satellite connectivity with services purchased in familiar, flexible data packages combined with radical pay-for-what-you-use pricing.K LO to leverage Intelsat's IntelsatOne(R) Flex managed services platform and address the coverage, capacity and security challenges that many mobility customers face each day.

    LUXEMBOURG, REDMOND, Wash. and WASHINGTON, March 7, 2017 /PRNewswire/ -- SATELLITE 2017 - Kymeta, the company delivering on the promise of global, mobile connectivity, and Intelsat S.A. , operator of the world's first Globalized Network, have joined forces to offer a new, groundbreaking, satellite service offering that is easy to buy and use. The new K LO service, which will become available in Q3 2017, will introduce a simplified way to buy and sell connectivity to customers and sectors that are currently unreached or underserved by terrestrial networks. K LO will change the way satellite services are purchased by direct users, integrators and service providers because it will be sold much like cellular services are purchased.

    Using Kymeta mTenna(u7 )antenna subsystem modules (ASMs) and fully integrated KyWay Terminals, K LO will provide easy, flexible satellite connectivity for both fixed and mobile applications, further reducing communication barriers. K LO will provide a fully provisioned end-to-end connectivity solution that will unlock fast growing vertical sectors that have been historically difficult to support, including rail, energy, IoT, first responders, buses, connected car and more.

    "Today's satellite connectivity services are not easy to buy," said Dr. Nathan Kundtz, Founder, President and CEO, Kymeta. "This is particularly true when moving across different mobility platforms. Intelsat's ubiquitous global telecommunications network of wide-beam and Intelsat Epic(NG) high-throughput spot-beam satellites combined with the flexibility of our user terminal technology will fundamentally change that landscape. K LO services move seamlessly between these satellites and are sold in simple, flexible, variable-usage packages that are provided in by-the-gigabyte plans we are all familiar with."

    "Kymeta and Intelsat both share a strong belief that better economics and simplified access are essential to unlocking new and fast growing applications, and K LO addresses both imperatives in a single service," said Stephen Spengler, Chief Executive Officer, Intelsat. "Kymeta's mTenna technology is revolutionizing the way people access and use mobile satellite connectivity, and with K LO, customers will have simplified access to Intelsat's globalized satellite network and its IntelsatOne Flex managed services platform for secure and powerful high-speed connectivity. Together, Intelsat and Kymeta will be strongly positioned to deliver on our commitment to provide fast, affordable mobile broadband connectivity to people on the move."

    The Future of Satellite Services
    Kymeta is taking mobile connectivity where it has never been before by providing streamlined, easy-to-purchase satellite connectivity services built upon Intelsat's global satellite network. With K LO Connectivity, satellite services are being redefined to change the way the world communicates while on the move:

    --  Radically Easy - Pay for what you use
    --  Easy to understand and buy connectivity
    --  Bundled with Kymeta KyWay Terminal or mTenna(u7 )ASM
    --  Complete global coverage
    --  Familiar data package options that consumers are used to buying today
    --  Flexible, variable usage solutions
    

    Learn More
    K LO, enabled by Kymeta's mTenna(u7 )ASMs and KyWay Terminals, will offer flexible data packages for satellite connectivity. To learn more about K LO and mTenna and KyWay antennas and terminals, visit www.kalo.net.

    For more information, connect with Kymeta at SATELLITE 2017:

    --  March 7 - March 9, Booth 1109 Kymeta will be exhibiting and accepting
    reservations for mTenna( u7) ASMs and KyWay Terminals along with K  LO
    during show hours.
    

    About Kymeta Corporation
    Kymeta delivers on what connectivity is meant to be - secure, available, and global. Kymeta is removing barriers by providing an innovative means of leveraging satellite network capacity for high bandwidth communication access while on the move. The company's first products, software-enabled metamaterials-based electronic beamforming antennas and terminals for satellite communications, will keep boats, planes, cars, and more connected.

    In 2017 Kymeta has been recognized with a 2017 Fast Company World's Most Innovative Companies in Space award and the 2017 Puget Sound Business Journal Innovation Award for Technology. The company has also been awarded the 2016 Seattle Business Silver Tech Impact Award for Emerging Technology and the 2016 2b AHEAD Innovators Award, which were closely preceded by the Frost & Sullivan 2016 New Product Innovation Award. The company has also been recognized as a CNBC Disruptor for two consecutive years, a FiReStarter by Strategic News Network and a top 50 MIT Technology Review Disruptive Company. Kymeta has formed significant partnerships with industry leaders including Toyota, Intelsat, Panasonic, Airbus Defence & Space, Sharp, Intellian, O3b, and more. If it moves, Kymeta will keep it connected. Anywhere. The company is based in Redmond, Washington and operates on a worldwide basis. For more information, please visit www.kymetacorp.com and www.kalo.net.

    About Intelsat
    Intelsat S.A. operates the world's first Globalized Network, delivering high-quality, cost-effective video and broadband services anywhere in the world. Intelsat's Globalized Network combines the world's largest satellite backbone with terrestrial infrastructure, managed services and an open, interoperable architecture to enable customers to drive revenue and reach through a new generation of network services. Thousands of organizations serving billions of people worldwide rely on Intelsat to provide ubiquitous broadband connectivity, multi-format video broadcasting, secure satellite communications and seamless mobility services. The end result is an entirely new world, one that allows us to envision the impossible, connect without boundaries and transform the ways in which we live. For more information, visit www.intelsat.com.

    Business Inquiries for Kymeta:
    Lisa Dreher
    Director of Marketing
    Kymeta Corporation
    +1 425.658.8724
    ldreher@kymetacorp.com

    Media Inquiries for Kymeta:
    Aaron Grabein
    WE Communications
    +1 512.527.7022
    agrabein@we-worldwide.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/kymeta-and-intelsat-announce-klo-a-new-service-to-revolutionize-how-satellite-services-are-purchased-300418779.html

    Photo: http://mma.prnewswire.com/media/475258/Kymeta_Logo.jpg
    http://mma.prnewswire.com/media/475259/KALO_Logo.jpg Kymeta Corporation

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




    GP Strategies to Present at 29th Annual ROTH Conference

    COLUMBIA, Md., March 7, 2017 /PRNewswire/ -- Global performance improvement solutions provider GP Strategies Corporation announced that it will participate in the 29(th) Annual ROTH Conference, an investor conference featuring presentations from hundreds of public and private companies in a variety of sectors. Scott Greenberg, Chief Executive Officer, and Sharon Esposito-Mayer, Chief Financial Officer, will present on March 13, 2017, at 7:30 a.m. PT and meet with investors one on one at the conference which is being held at The Ritz Carlton, Laguna Niguel, California on March 12-15, 2017. The presentation slides will be available on the Investors section of the company's website at http://investors.gpstrategies.com/events.aspx.

    About GP Strategies

    GP Strategies Corporation is a global performance improvement solutions provider of training, eLearning solutions, management consulting and engineering services. GP Strategies' solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information may be found at www.gpstrategies.com.

    (C) 2017 GP Strategies Corporation. All rights reserved. GP Strategies and the GP Strategies logo design are trademarks of GP Strategies Corporation.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/gp-strategies-to-present-at-29th-annual-roth-conference-300419480.html

    Photo: http://mma.prnewswire.com/media/95373/gp_strategies_corporation_logo.jpg GP Strategies Corporation

    CONTACT: Scott N. Greenberg, Chief Executive Officer, 443-367-9640 ;
    Sharon Esposito-Mayer, Chief Financial Officer, 443-367-9636; Ann M. Blank,
    Investor Relations, 443-367-9925

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




    Trust your connections to the network that keeps coming out on topJ.D. Power ranks Verizon the top wireless network for the 18th time in a row

    NEW YORK, March 7, 2017 /PRNewswire/ --

    Crowdsourced network award... check.
    Scientific network study... check.
    Now a customer experience survey about our network... you guessed it... got that, too.

    On the heels of the recent RootMetrics National Rootscore(R) Report that ranked Verizon's network highest in overall network performance for the seventh consecutive testing period, Verizon continues to extend its lead over the competition and customers have another reason to choose the best unlimited plan on the network they deserve. For the 18th consecutive time, Verizon has received more awards than any other national wireless provider in the J.D. Power Wireless Network Quality Study - further proof that when you need to connect, Verizon has your back.

    According to the latest J.D. Power 2017 Wireless Network Quality Performance Study, Volume 1, Verizon Wireless ranked at the top in all six regions measured by the study, and performs significantly better than the industry average in all three quality categories: calling, messaging, and data.

    A key staple in our network success is our consistent capital investment in our wireless network. Since 2000, we have invested more than $122 billion across the U.S. Verizon customers are benefitting from our innovative leadership - from the deployment of LTE Advanced technology that provides 50% faster peak speeds in close to 500 markets coast to coast, to the industry's largest deployment of small cells that provides the best network experience.

    "So what does this all mean for customers? It means getting a signal in more places, that calls go through and stay connected, and full HD video on our unlimited plans," said Nicola Palmer, Verizon's Chief Network Officer. "Awards are great and we sure appreciate them. It's just another validation of what customers know, that we continue to extend our network performance lead over the competition. But awards are not the goal. We aim to provide the very best wireless experience in the industry every year, every month, every day, and each and every time a customer needs it," Palmer added.

    Verizon Wireless received the highest numerical score among wireless service providers in the J.D. Power 2017 U.S. Wireless Network Quality Performance Study - Volume 1, based on 42,922 total responses throughout the Northeast, Southeast, North Central (tied), Southwest, Mid-Atlantic and West regions measuring the network quality experienced by customers with wireless phones, surveyed July-December 2016. Your experiences may vary. Visit jdpower.com

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

    Media contacts:

    Karen Schulz
    864-561-1527
    Karen.Schulz@verizonwireless.com
    Twitter: @VZWKarenS

    Howie Waterman
    917-359-5505
    howard.waterman@verizon.com

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/trust-your-connections-to-the-network-that-keeps-coming-out-on-top-300419469.html

    Video: https://youtu.be/JvLteFzR8v4 Photo: http://mma.prnewswire.com/media/373129/s052548304_300_e1441481765799_Logo.jpg Verizon

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




    Lenel, Everbridge Announce Strategic Alliance to Protect, Communicate with People Wherever They Are

    PITTSFORD, N.Y., March 7, 2017 /PRNewswire/ -- Lenel and Everbridge, Inc. today announced an alliance to interface their leading solutions. With the combination of Lenel's OnGuard(R) platform and Everbridge's Safety Connection(R) software, organizations will now be able to offer comprehensive security management on-premises and off-premises - to help protect and notify employees, contractors or visitors during critical incidents regardless of their location. With the Everbridge interface, system users can now aggregate data about severe weather, terrorism and other incidents and use last-known location data to locate potentially at-risk individuals and nearby first responders and enable two-way communication. Lenel is part of UTC Climate, Controls & Security, a unit of United Technologies Corp. .

    The alliance will provide users with a more powerful solution to deliver critical communications, including real-time assessment and notification of important safety information. Safety Connection's ability to actively collect, assess and respond to events from OnGuard and external data inputs provides users with a real global view of their environment and potential threats to their workforce.

    "The interface of the Everbridge Safety Connection software with the OnGuard system provides a unique opportunity for our customers - a 360-degree solution," says Ron Virden, managing director, global access solutions, Lenel. "As Lenel continues to enhance its value proposition from an on-premises platform to a complete, mobile security solution, Safety Connection plays a critical role. With the increasing complexity and frequency of global threats, it is no longer adequate to just look at doors and video within the enterprise. Lenel can now deliver a solution that helps protect people wherever they actually are."

    Everbridge's Safety Connection collects multiple data inputs. These include severe environmental conditions, terrorism and other threat intelligence feeds and incident reports. The system then locates people and responders and enables two-way communication so security teams can provide instructions to and confirm if people are safe or need help. Its certified interface to the OnGuard system enables Safety Connection users to acquire last-known-location data to aid in locating employees, contractors or visitors during critical incidents. Safety Connection can synthesize data from company wired and wireless network access points, travel itineraries, home and office location records, and check-ins through its mobile application to take a multi-pronged approach to locating people. The solution also offers panic button functionality through a mobile application that employees can use to send a geo-tagged SOS message to their security team when they are in distress.

    "With an increasingly mobile workforce, distributed teams and large campuses, organizations cannot rely on physical and perimeter security alone to keep people safe," says Jaime Ellertson, CEO of Everbridge. "The Lenel and Everbridge alliance showcases our commitment to transforming the traditional paradigm of physical security - by enabling customers to locate and assist people wherever they are--whether that is on or off the premises."

    Lenel and Everbridge will be presenting a demo of their joint solution at The Great Conversation in Security conference, Seattle, Washington, on March 6-7, and at ISC West in Las Vegas, Nevada, on April 5-7.

    Everbridge Safety Connection is available now through Lenel value added resellers worldwide.

    About Lenel
    Lenel is a global leader in advanced security systems and services developing innovative solutions to protect buildings, people and assets. Incorporating open architecture and third-party interfacing, Lenel's enterprise software manages multiple best-in-class systems to provide a single, seamless security solution for customers worldwide, including corporate and government segments. Lenel is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. For more information, visit www.lenel.com or follow @LenelSystems on Twitter.

    About Everbridge
    Everbridge, Inc. is a global software company that provides critical communications and enterprise safety applications that enable customers to automate and accelerate the process of keeping people safe and businesses running during critical events. During public safety threats such as active shooter situations, terrorist attacks or severe weather conditions, as well as critical business events such as IT outages or cyber incidents, over 3,000 global customers rely on the company's SaaS-based platform to quickly and reliably construct and deliver contextual notifications to millions of people at one time. The company's platform sent over 1.5 billion messages in 2016, and offers the ability to reach more than 200 countries and territories with secure delivery to over 100 different communication devices. The company's critical communications and enterprise safety applications, which include Mass Notification, Incident Management, IT Alerting, Safety Connection(TM), Community Engagement(TM), Secure Messaging and Internet of Things, are easy-to-use and deploy, secure, highly scalable and reliable. Everbridge serves 8 of the 10 largest U.S. cities, 8 of the 10 largest U.S.-based investment banks, all four of the largest global accounting firms, 24 of the 25 busiest North American airports and 6 of the 10 largest global automakers. Everbridge is based in Boston and Los Angeles with additional offices in San Francisco, Lansing, Beijing, London and Stockholm. For more information, visit www.everbridge.com, read the company blog, and follow on Twitter and Facebook.

    This press release contains "forward-looking statements" regarding the performance and market opportunity for Everbridge products, and those statements are subject to risks and uncertainties outside Everbridge's control as detailed in our risk factors discussed in filings with the U.S. Securities and Exchange Commission.

    To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lenel-everbridge-announce-strategic-alliance-to-protect-communicate-with-people-wherever-they-are-300419407.html

    Lenel

    CONTACT: Joy Curtiss, Lenel, 828-695-4075, joy.curtiss@fs.utc.com; or Jeff
    Benanto, Everbridge, 781-373-9879, jeff.benanto@everbridge.com

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

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