SARASOTA, Fla., March 20, 2017 /PRNewswire/ -- xG Technology, Inc. ("xG" or the "Company") , a leading provider of wireless video solutions to broadcast, law enforcement and defense markets, and private mobile broadband networks for critical communications, today announced that the Company will hold an investor and analyst update conference call on Tuesday, March 21, 2017 at 5:00 p.m. ET/2:00 p.m. PT.
Participants are asked to dial in 5-10 minutes prior to the start time using the number/conference ID below:
Date: Tuesday, March 21, 2017
Time: 5:00 p.m. Eastern time (2:00 p.m. Pacific time)
Dial-In Number: 1-888-317-6003
Conference ID: 7731752
The conference call will also be webcast simultaneously via a link on the investor section of the Company's website at www.xgtechnology.com/about-xg-technology/investor-information/. The call will also be archived on xG's website for later replay.
About xG Technology, Inc.
xG Technology's brands provide wireless video solutions to broadcast, law enforcement and defense markets, and private mobile broadband networks for use in challenging environments. Their focus is delivering communications technologies that provide enhanced levels of reliability, mobility, performance and efficiency to customer business operations and missions. xG's brand portfolio includes Integrated Microwave Technologies (IMT), Vislink, and xMax.
IMT has pioneered advanced digital microwave systems and is a trusted supplier to broadcast, sports and entertainment, and MAG (Military, Aerospace & Government) markets. Their products are recognized for their high level of performance, reliability, build quality, extended operating ranges and compact form factors. More information about IMT can be found at www.imt-solutions.com. Vislink specializes in the wireless capture, delivery and management of secure, high-quality, live video, and serves broadcast & media and public safety & surveillance markets. More information about Vislink can be found at http://www.vislink.com/.
xMax is a secure, rapid-deploy mobile broadband system that delivers mission-assured wireless connectivity in demanding operating environments. xMax was specifically designed to serve as an expeditionary and critical communications network for use in unpredictable scenarios and during fluid situations. This makes it a compelling solution for disaster response, emergency communications, and defense applications. More information about xMax can be found at http://www.xgtechnology.com/system-overview/.
In addition to the above business lines, xG has a dedicated Federal Sector Group (xG Federal) focused on providing next-generation spectrum sharing solutions to national defense, scientific research and other federal organizations. Additional information about xG Federal can be found at http://www.xgtechnology.com/technology/xg-federal/.
Based in Sarasota, Florida, xG Technology has over 100 patents and pending patent applications. xG is a publicly traded company listed on the NASDAQ Capital Market For more information, please visit www.xgtechnology.com.
Cautionary Statement Regarding Forward Looking Statements
Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "target", "intend" and "expect" and similar expressions, as they relate to xG Technology, Inc., its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements.
For More Information:
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/xg-technology-to-host-investor-update-conference-call-on-tuesday-march-21-2017-at-500-pm-et-300426501.htmlPhoto: https://mma.prnewswire.com/media/457394/xG_Technology_Inc_Logo.jpg xG Technology, Inc.
Web site: http://www.xgtechnology.com/
SYDNEY, March 20, 2017 /PRNewswire/ -- Salesforce , the world's #1 CRM company and the Intelligent Customer Success Platform, today announced it is continuing its international infrastructure expansion on the Amazon Web Services (AWS) Cloud to the AWS Sydney Region in order to support its growing customer base in Australia. The company will leverage AWS to deliver the Salesforce Intelligent Customer Success Platform including Sales Cloud, Service Cloud, App Cloud, Community Cloud, Analytics Cloud and more -- which have all been made smarter by Einstein -- to customers in Australia. The AWS Sydney Region is expected to be generally available to Salesforce customers in the second half of 2017.
Comments on the News
"In our last quarter, APAC was the fastest-growing region for Salesforce, and we're excited to expand our infrastructure footprint to support our rapidly growing customer base in Australia. By leveraging the AWS Cloud, we will be able to deliver the secure, reliable and trusted services of our Intelligent Customer Success Platform locally," said Mark Innes, General Manager of Salesforce Asia Pacific.
"Organizations use Salesforce to transform their businesses and we are excited that Salesforce has chosen AWS as their infrastructure partner in Australia as they continue to maintain their incredible momentum," said Paul Migliorini, Managing Director, AWS Australia and New Zealand. "With Salesforce available in the Sydney Region, AWS and Salesforce can now help Australian customers to fully leverage the security, and reliability of the AWS Cloud as they scale and transform."
The news was announced today at the Salesforce World Tour in Sydney where customers, such as Transport NSW, Australia Post, ANZ Wealth, L'Oreal, Citi Bank, Kellogg's and Vocus showcased how they are using Salesforce to create deeper, more meaningful connections with customers. At the event, Salesforce also highlighted Einstein AI, which recently became available to all customers. Unlike general AI platforms that require extensive customization and armies of data scientists, Einstein democratizes AI with state-of-the-art algorithms built directly into the Salesforce Intelligent Customer Success Platform and is delivered through the apps and workflows that millions of CRM users rely on every day. Powered by advanced machine learning, deep learning, predictive analytics, natural language processing and smart data discovery, Einstein delivers intelligence directly within the context of business. And, because Einstein is built into the Salesforce platform, customers can customize their AI models for their specific needs.
Salesforce, the world's #1 CRM company and Intelligent Customer Success Platform, empowers companies to connect with their customers in a whole new way. For more information about Salesforce , visit: www.salesforce.com.
Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase Salesforce applications should make their purchase decisions based upon features that are currently available. Salesforce has headquarters in San Francisco, with offices in Europe and Asia, and trades on the New York Stock Exchange under the ticker symbol "CRM." For more information please visit http://www.salesforce.com, or call 1-800-NO-SOFTWARE.
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CONTACT: Kate McLaughlin, Salesforce, (415) 778-3287,
Web site: http://www.salesforce.com/
OVERLAND PARK, Kan., March 20, 2017 /PRNewswire/ -- QTS Realty Trust, Inc. today announced that it had established an "at-the-market" program through which it may issue and sell, from time to time, up to an aggregate of $300 million of the Company's Class A common stock, $0.01 par value per share (the "Common Stock").
Sales of the Common Stock, if any, would be made in "at-the-market" offerings as defined in Rule 415 of the Securities Act of 1933. In addition, the Common Stock may be offered and sold through privately negotiated transactions. The Company intends to use the net proceeds from these sales, if any, for general business purposes, which may include the repayment of amounts outstanding under its unsecured revolving credit facility, the acquisition of additional properties, capital expenditures, the redevelopment of properties in its portfolio, working capital and other general purposes.
Sales of the Common Stock, if any, will be made pursuant to a prospectus dated March 28, 2016 and a prospectus supplement filed with the Securities and Exchange Commission (the "SEC") on March 20, 2017, in connection with one or more offerings of shares under the automatic shelf registration statement on Form S-3 (Registration No. 333-210425) filed with the SEC on March 28, 2016. Copies of the prospectus supplement relating to the offering may be obtained by visiting EDGAR on the SEC's website at www.sec.gov.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.
This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In particular, statements regarding the Company's potential sales of shares of Common Stock under the at-the-market program described above and the intended use of proceeds from such sales contain forward-looking statements. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions.
The forward-looking statements contained in this press release reflect the Company's current views about future events and are subject to numerous known and unknown risks, uncertainties, assumptions and changes in circumstances that may cause actual results to differ significantly from those expressed in any forward-looking statement. The Company does not guarantee that the transactions and events described will happen as described (or that they will happen at all). The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: adverse economic or real estate developments in the Company's markets or the technology industry; global, national and local economic conditions; risks related to the Company's international operations; difficulties in identifying properties to acquire and completing acquisitions; the Company's failure to successfully develop, redevelop and operate acquired properties or lines of business; significant increases in construction and development costs; the increasingly competitive environment in which the Company operates; defaults on, or termination or non-renewal of leases by customers; increased interest rates and operating costs, including increased energy costs; financing risks, including the Company's failure to obtain necessary outside financing; decreased rental rates or increased vacancy rates; dependence on third parties to provide Internet, telecommunications and network connectivity to the Company's data centers; the Company's failure to qualify and maintain its qualification as a real estate investment trust; environmental uncertainties and risks related to natural disasters; financial market fluctuations; and changes in real estate and zoning laws, revaluations for tax purposes and increases in real property tax rates.
While forward-looking statements reflect the Company's good faith beliefs, they are not guarantees of future performance. The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2016 and other periodic reports the Company files with the Securities and Exchange Commission.
QTS Realty Trust, Inc. is a leading provider of secure, compliant data center, hybrid cloud and managed services. QTS features the nation's only fully integrated technology services platform providing flexible, scalable solutions for the federal government, financial services, healthcare and high tech industries. QTS owns, operates or manages more than 5 million square feet of data center space and supports more than 1,100 customers in North America, Europe and Asia Pacific. In addition, QTS' Critical Facilities Management (CFM) provides increased efficiency and greater performance for third-party data center owners and operators.
Investor Relations Contact:
Stephen Douglas, VP Investor Relations and Strategic Planning
QTS Realty Trust
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/qts-realty-trust-inc-announces-at-the-market-offering-program-300426502.htmlPhoto: https://mma.prnewswire.com/media/3336/QTS_LOGO.jpg QTS Realty Trust, Inc.
Web site: http://www.qtsdatacenters.com//
LAS VEGAS, March 20, 2017 /PRNewswire/ -- IBM today announced that Harry & David(R), a leading provider of premium gift-quality fruit, gourmet food products, is adopting a full suite of Watson Customer Engagement solutions on the IBM Cloud including cognitive capabilities designed to help connect customers with the perfect gift at the perfect time.
Last year Harry and David's parent company, 1-800-FLOWERS.COM, Inc. introduced the world to " GWYN(TM)" (Gifts When You Need), a Watson-powered gift concierge that helps customers sift through more than 7,000 products to find the perfect gift. Given the success of GWYN--80% of customers asked had a positive experience and wanted to use it again--the company is expanding GWYN's capabilities to Harry & David. Thus, customers will be able to interact online with GWYN using Watson's natural language API to find the right item, from fruits to chocolates and baked goods, for the right person at the right time. This personalized and interactive customer experience is designed to provide customers with an enhanced shopping experience powered by deep insights from AI.
For example, customers can simply type, "I'm looking to send a thank you gift." The service will then interpret the question and ask a series of additional qualifying questions about the occasion, sentiment and who the gift is for. GWYN even learns about a person's unique gifting needs and wants and refines and enhances the shopping experience over time. Through these interactions, GWYN sifts through thousands of possible products and shares only the gifts that are most appropriate, providing an experience similar to what a shopper would receive from a customer service representative in a store.
"A brand can only meet its true potential if it's able to deliver exceptional service to customers along each step in their journey with the company," said Harriet Green, General Manager, IBM Watson Customer Engagement. "That's why cognitive is so imperative. Cognitive is not about isolated moments, but understanding customers on a human level and learning about them over time so each interaction delivers them precisely what they need at that moment."
Harry & David and the 1-800-FLOWERS.COM(R) family of brands share a commitment to constantly enhancing its customer experience and business through new technologies. Whether that meant being one of the first companies to allow transactions on popular social media sites or the creation of GWYN with cognitive capabilities, the brands are constantly looking for new ways to better serve and delight their clients. Their transition to Watson Customer Engagement Marketing solutions holds the same promise.
In addition to GWYN, the company is embracing additional IBM Cloud offering including IBM Payment Gateway. Further enhancing customer experience and creating a more efficient checkout process for its customers, Payment Gateway will help support payment transactions for 1-800-FLOWERS.COM, Inc. family of brands.
"With 1-800-Flowers.com, Inc, and our family of brands, we offer customers a 'celebratory ecosystem' of gifts and with the help of IBM, we continue to stay on the leading edge in everchanging landscape of today's customers and gift giving needs," said Arnie Leap, CIO of 1-800-FLOWERS.COM. "The success of GWYN truly demonstrates what is possible with IBM's cognitive technologies. It also continues our ongoing transformational journey focused on deploying the latest innovations that make it easy and convenient for our customers to deliver a smile."
IBM Watson Customer Engagement powers a full spectrum of solutions including cognitive engagement offerings delivered as a service and on premise. Today IBM is the only vendor that helps companies infuse cognitive technologies into their marketing, commerce and supply chain capabilities on their terms, when and how they need.
IBM currently is working with more 17,000 companies around the world including Amadori Group, American Eagle Outfitters, Boots, Ermes, Luxottica, Moosejaw Mountaineering, Office Brands, Performance Bicycle, REI, Sherwin Williams.
For more information follow us at #IBMAmplify and #WatsonCE.
About 1-800-FLOWERS.COM, Inc.
1-800-FLOWERS.COM, Inc. is a leading provider of gourmet food and floral gifts for all occasions. For the past 40 years, 1-800-FLOWERS(R) (1-800-356-9377 or www.1800flowers.com) has been helping deliver smiles for our customers with gifts for every occasion, including fresh flowers and the finest selection of plants, gift baskets, gourmet foods, confections, candles, balloons and plush stuffed animals. As always, our 100% Smile Guarantee(R) backs every gift. The company's Celebrations suite of services including Celebrations Passport(R) Free Shipping / No Service Charge Program, Celebrations Rewards(R) and Celebrations Reminders(R), are all designed to engage with customers and deepen relationships as a one-stop destination for all celebratory and gifting occasions. In 2017, 1-800-Flowers.com was awarded Gold Stevie "e-Commerce Customer Service" Award, recognizing the company's innovative use of online technologies and social media to service the needs of customers. In addition, 2016 1-800-FLOWERS.COM, Inc. was recognized as one of Internet Retailer's Top 300 B2B e-commerce companies and was also recently named in Internet Retailer's 2016 Top Mobile 500 as one of the world's leading mobile commerce sites. The company was included in Internet Retailer's 2015 Top 500 for fast growing e-commerce companies. In 2015, 1-800-Flowers.com was named a winner of the "Best Companies to Work for in New York State" Award by The New York Society for Human Resource Management (NYS-SHRM). The Company's BloomNet(R) international floral wire service (www.mybloomnet.net) provides a broad range of quality products and value-added services designed to help professional florists grow their businesses profitably. The 1-800-FLOWERS.COM, Inc. "Gift Shop" also includes gourmet gifts such as premium, gift-quality fruits and other gourmet items from Harry & David(R) (1-877-322-1200) or www.harryanddavid.com), popcorn and specialty treats from The Popcorn Factory(R) (1-800-541-2676 or www.thepopcornfactory.com); cookies and baked gifts from Cheryl's(R) (1-800-443-8124 or www.cheryls.com); premium chocolates and confections from Fannie May(R) (www.fanniemay.com and www.harrylondon.com); gift baskets and towers from 1-800- Baskets.com(R) (www.1800baskets.com); premium English muffins and other breakfast treats from Wolferman's(R) (1-800-999-1910 or www.wolfermans.com); carved fresh fruit arrangements from FruitBouquets.com (www.fruitbouquets.com); and top quality steaks and chops from Stock Yards(R) (www.stockyards.com). Shares in 1-800-FLOWERS.COM, Inc. are traded on the NASDAQ Global Select Market, ticker symbol: FLWS.
CONTACT: External Media Relations, IBM, Douglas Fraim, 617-501-6376, firstname.lastname@example.org
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Web site: http://www.ibm.com/
ATLANTA, March 20, 2017 /PRNewswire/ -- Aaron's, Inc. , a leader in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories, delivered a brand new 2017 blue Kia Forte EX wrapped in a big blue bow to Adam Barbour of Stockton, California, the grand prize winner of Aaron's "Big Blue Bow Event," at the Aaron's store in Tracy, California.
"The Kia giveaway wraps up our successful holiday Big Blue Bow Event where we gave away 1,435 giant stockings filled with toys and games to deserving families across the U.S. this past holiday," said John Robinson, CEO of Aaron's, Inc. "Aaron's is so pleased Adam is the grand prize winner of this wonderful gift. We want our customers to know that we're helping them own the life they want and hope they learn more about our great lease-to-own deals so that they can enjoy quality brand name products in their homes."
The Big Blue Bow Event continues Aaron's tradition of offering shoppers great lease-to-own deals with flexible payment options, no credit needed and the opportunity to pay off early and save.
The Kia has an Approximate Retail Value ("ARV") of $25,810. Consumers who entered a new lease agreement during December were automatically entered to win the Kia. No purchase was required. Aaron's also partnered with "The Wendy Williams Show" this past holiday as part of the Big Blue Bow Event and awarded one lucky viewer with a full house of new furniture, appliances and electronics. The winner had a surprise reveal on the December 9 "The Wendy Williams Show."
About Aaron's, Inc.
Headquartered in Atlanta, Aaron's, Inc. , is a leading omnichannel provider of lease-purchase solutions. Aaron's Business engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its more than 1,860 Company-operated and franchised stores in 47 states and Canada as well as its e-commerce platform Aarons.com. In addition, Progressive Leasing, a virtual lease-to-own company, provides lease-purchase solutions through approximately 22,000 retail locations in 46 states. Dent-A-Med, Inc., d/b/a the HELPcard(R), provides a variety of second-look credit products that are originated through federally insured banks. For more information, visit investor.aarons.com, Aarons.com, ProgLeasing.com, and HELPcard.com.
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CONTACT: Garet Hayes; email@example.com; 678-402-3863
Web site: http://www.aaronsinc.com/
REDWOOD SHORES, Calif., March 20, 2017 /PRNewswire/ -- To help management accountants and finance professionals successfully navigate the business and technology changes that are transforming the finance function, Oracle and the American Institute of CPAs (AICPA) today released a new report that details the blueprint for modern finance. The report, Agile Finance Revealed: The New Operating Model for Modern Finance, identifies the traits of agile finance leaders and benchmarks their success in creating a dynamic new operating model that is resilient, responsive, and predictive, helping CFOs and their finance teams to shape the future of the business.
"With so much data at their disposal, CFOs must embrace a new operating model for modern finance," said John Windle, FCMA, CGMA, chief financial officer at the Association of International Certified Professional Accountants. "This means they must effectively use cloud and digital technologies as well as ensure that their finance staff develops a broader skill set that includes strong analytical and business partnering skills."
Based on an extensive survey of senior finance executives and in-depth interviews with CFOs who have already embraced new operating models, the report found that the finance function must be transformed in order to remain relevant in a business environment that is increasingly defined by rapid, unpredictable, and constant change. According to the report findings, only 38 percent of respondents are currently agile finance leaders. To help CFOs and their teams meet the demands of this rapidly changing business environment, the report outlines the key attributes necessary for the successful implementation of a new operating model for finance:
-- Cross-functional, integrated teams: Centralized shared services or centers of excellence that are empowered by cloud and digital technologies like robotic process automation and machine learning to drive efficiency in accounting services and improve overall business performance. -- Expertise in digital technologies: Use of new technologies such as big data analytics and artificial intelligence (AI) expand the Financial Planning & Analysis (FP&A) role to be more predictive and enable it to generate the insights organizations need to develop innovative strategies that will drive higher performance. -- New non-traditional finance skillsets: Expertise in statistics, data analysis, data visualization, and business partnering to support rapid decision-making and new performance management models.
"At Oracle, we believe that digital transformation brings companies into the future, and it enables them to be more competitive," said Ivgen Guner, senior vice president, Global Business Finance, Oracle. "We also believe that the cloud gives CFOs an opportunity to restructure their current operating models to support new business models and more agile ways of working. The scale of these changes can be daunting and that's why we worked closely with the American Institute of CPAs to develop a clear and actionable blueprint for modern finance that enables CFOs and their finance teams to lead digital transformation - not just react to it."
The report found that while some major organizations have already made the transformation to the new operating model for modern finance, more than 80 percent of organizations are still in the process of implementing the required initiatives. The report also revealed that more than a third (36 percent) of finance leaders believe the current skill set of the finance function is too narrow and nearly a half (42 percent) said they need more data analytics skills if they are to deliver more forward-looking analysis for the business. To identify what sets agile finance leaders apart, the report examined how these leaders differ from those who are less advanced in their transformation journey in terms of structure, systems, and skills.
-- Implementing New Organizational Structures: Agile finance leaders significantly outstrip others in fully implementing the structural and systems elements of the new operating model. They are more likely to have migrated their end-to-end processes to shared service centers (41 percent vs. 13 percent) and to have a fully implemented cloud ERP (45 percent vs. 17 percent). -- Technology Centralization: These leaders are also much more likely to have set up centers of excellence to handle areas that are most important for modern finance like FP&A (81 percent vs. 56 percent) and financial skills development (54 percent vs. 32 percent). -- New Skills for the Finance Function: Agile finance leaders are also more likely to rate the skills of their finance function as 'excellent', particularly when it comes to newer, less traditional finance skills like data visualization (60 percent vs. 24 percent), big data expertise (60 percent vs. 21 percent), and influencing skills (55 percent vs. 23 percent).
The report includes insights from 483 senior finance executives in large businesses or other organizations across the U.S. and Canada, including five key industries: financial services, manufacturing, retail, healthcare and finance. It also includes insights from CFOs from a range of organizations including GE Digital, Arby's, HSBC Global Services Companies, Vanderbilt University, Rutgers University, and Wake Forest Baptist Medical Center.
About the Research
AICPA conducted a North American survey, sponsored by Oracle, of senior finance professionals and other managers across different industries. In addition, AICPA conducted interviews with senior finance professionals to inform its interpretation of the survey results.
The survey was answered by 483 senior finance professionals from the USA (76 percent) and Canada (24 percent) and represented organizations with revenue of over $200 million with a spread across the turnover bands $200 million - $1 billion (31 percent), $1 billion- $5 billion (23 percent), $5 billion -$20 billion (26 percent) and $20 billion plus (20 percent).
The financial services, higher education, healthcare and life sciences, manufacturing, and retail sectors were each represented by robust samples of over 80 respondents, which allowed findings to be presented by sector.
About the American Institute of CPAs (AICPA)
The American Institute of CPAs (AICPA) is the world's largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.
The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants (CIMA), it has established the Chartered Global Management Accountant (CGMA) designation, which sets a new standard for global recognition of management accounting.
The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.
Media representatives are invited to visit the AICPA Press Center at aicpa.org/press.
About the Association of International Certified Professional Accountants
The Association of International Certified Professional Accountants (the Association) is the most influential body of professional accountants, combining the strengths of the American Institute of CPAs (AICPA) and The Chartered Institute of Management Accountants (CIMA) to power opportunity, trust and prosperity for people, businesses and economies worldwide. It represents 650,000 members and students in public and management accounting and advocates for the public interest and business sustainability on current and emerging issues. With broad reach, rigor and resources, the Association advances the reputation, employability and quality of CPAs, CGMAs and accounting and finance professionals globally.
Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services. For more information about Oracle , visit oracle.com.
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.
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CONTACT: Joann Wardrip, Oracle, +1.650.607.1343, firstname.lastname@example.org
Web site: http://www.oracle.com/
SAN LUIS OBISPO, Calif., March 20, 2017 /PRNewswire/ -- MINDBODY , the leading provider of cloud-based business management software for the wellness services industry, has unveiled educational sessions and speakers planned for the company's annual conference, BOLD, to be held September 27-29, 2017 at the Hilton San Diego Bayfront in San Diego, CA.
The annual event brings together business owners, practitioners and experts from across the wellness services industry, from fitness to beauty to integrative health, to learn, network and gain a greater understanding of how the MINDBODY platform can help their businesses thrive.
"This year's BOLD conference will be bigger and bolder than ever. We expect more than 1,500 wellness business owners and industry experts from around the world," said Rick Stollmeyer, MINDBODY CEO and Co-founder. "This year we have a beautiful new venue and several awesome surprises in store. If you've been to BOLD before, you will not want to miss this one. If you've been thinking of coming, this is the year to do it."
The conference offers 30 educational breakout sessions designed to inspire attendees and provide them with advice and tactics that can be applied to their business. Covering a range of topics including marketing, social media and customer retention - highlights of these expert-led sessions include:
-- Maximizing Your Marketing Without Spending a Fortune -- Understand the Connection Between Your Financials and Growth -- Creating and Sustaining a Thriving Wellness Business -- How to Run Your Business Without It Running You -- Social Media Strategies to Set Your Business Apart
Attendees will also learn from MINDBODY senior leaders on the latest MINDBODY products and features, and can witness them firsthand in the Expo Hall and MINDBODY Experience Lounge.
The conference's educational sessions are balanced with a variety of networking opportunities and unique wellness experiences, including the popular BOLD Bash which this year will be held at Petco Park. BOLD Award winners are also celebrated for the remarkable milestones achieved throughout the past year, such as business growth records and community outreach initiatives.
Registration for BOLD 2017 is now open with early pricing available through June 23, 2017. Special group discounts are available. Learn more at www.boldmindbodyconference.com.
MINDBODY, Inc. is the leading provider of cloud-based business management software for the wellness services industry and a rapidly growing consumer brand. Over 60,000 local businesses and 329,000 wellness practitioners in over 130 countries and territories use MINDBODY's integrated software and payments platform to run, market and build their businesses. These practitioners provide a variety of wellness services to millions of consumers who use the MINDBODY platform to more easily evaluate, engage and transact with them to live healthier and happier lives. For more information, visit mindbodyonline.com.
(C) 2017 MINDBODY, Inc. All rights reserved. MINDBODY, the Enso logo, MINDBODY BOLD and Connecting the World of Wellness are trademarks or registered trademarks of MINDBODY, Inc. in the United States and/or other countries. Other company and product names may be trademarks of the respective companies with which they are associated.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mindbody-announces-program-for-bold-2017-300426470.htmlPhoto: https://mma.prnewswire.com/media/452908/MB_Logo.jpg MINDBODY, Inc.
CONTACT: Tracy Richmond, email@example.com, 805-586-3226
Web site: https://www.mindbodyonline.com/
WILSONVILLE, Ore., March 20, 2017 /PRNewswire/ -- Mentor Graphics Corporation , today announced that a panel of judges for the Court of Appeals for the Federal Circuit has, in a precedential opinion, unanimously upheld a lower court's ruling that Synopsys, Inc. infringed U.S. Patent No. 6,240,376 for emulation technology developed by Mentor Graphics(R). The Court has also upheld a permanent injunction barring sales of infringing products.
The Appeals Court affirmed the lower court's award of over $36 million in lost profits damages, and further ruled that Mentor Graphics may pursue treble damages for willful infringement of the '376 patent. In addition, the Appeals Court reinstated Mentor Graphics' U.S. Patent No. 6,947,882 directed to clock timing for emulators, and revived Mentor's claims that Synopsys infringes U.S. Patent Nos. 5,649,176 and 6,009,531 for Mentor's emulation technology.
"Of course, we are very pleased with this ruling," said Tom Evans, corporate intellectual property counsel for Mentor Graphics. "After the $36 million award by the District Court, we requested a hearing to determine further damages for infringing sales made after the close of discovery up through the injunction. Not only does the confirmation of the injunction and lost profits award vindicate our pursuit of this case, but it is informative of the scale of enhanced damages we might still obtain for infringement occurring after Synopsys knowingly terminated a license to the '376 patent by acquiring EVE, and for post-verdict activity characterized as willful illegal activity by the District Court. The reinstatement of the '882 patent also allows us to seek an injunction against the clocking arrangement employed by Synopsys' emulators, which could prevent Synopsys from selling or replacing any system boards that employ Mentor's patented clocking technology."
In October of 2014 a jury found that Synopsys infringed several claims of the '376 Patent and awarded Mentor Graphics more than $36 million in damages, and in March 2015 Mentor Graphics obtained a permanent injunction against Synopsys' infringement.
About Mentor Graphics
Mentor Graphics Corporation is a world leader in electronic hardware and software design solutions, providing products, consulting services, and award-winning support for the world's most successful electronic, semiconductor, and systems companies. Established in 1981, the company reported revenues in the last fiscal year in excess of $1.28 billion. Corporate headquarters are located at 8005 S.W. Boeckman Road, Wilsonville, Oregon 97070-7777. World Wide Web site: http://www.mentor.com/.
(Mentor Graphics and Mentor are registered trademarks of Mentor Graphics Corporation. All other company or product names are the registered trademarks or trademarks of their respective owners.)
For more information, please contact:
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/federal-appeals-court-unanimously-affirms-mentor-graphics-patents-victory-300426454.htmlPhoto: https://mma.prnewswire.com/media/68673/mentor_graphics_corporation_logo.jpg Mentor Graphics Corporation
RESTON, Va., March 20, 2017 /PRNewswire/ -- With a growing worldwide demand for a technical workforce, Leidos , a global science and technology company, is looking to inspire the next generation of science, technology, engineering and math (STEM) professionals through cybersecurity training. The company is excited to announce the beginning of its 2017 Cyber Challenge season and its sponsorship of events using Leidos' CyberNEXS platform.
The company plans to sponsor a number of challenges and demonstrations across the world with industry and school partners. Inter-ACE, the first cyber challenge event, occurred on March 18 at the University College Cambridge, in the United Kingdom, and is the preliminary competition for a larger cross-nation cyber battle known as Cambridge 2 Cambridge, beginning in July. Leidos will also participate in the SoCal Cyber Cup Challenge in San Diego and a challenge with Augusta University in Georgia, as well as hold demonstrations at tradeshows including, Sea Air Space, Special Operations Forces Industry Conference and Air Force Association's Annual Conference.
CyberNEXS is a scalable cybersecurity trainer that provides hands-on learning experience for both students and industry security professionals. The platform uses scenario-based exercises and a secure virtual environment to assess network and system attack-and-defend, forensics, and penetration strategies.
"Leidos is a strong supporter of STEM activities, and sees its importance in attracting and inspiring cybersecurity talent," said Doreen Harwood, Leidos senior vice president, Cyber & SIGINT Solutions. "By introducing students and professionals to CyberNEXS, we hope to increase their interest in this evolving field, and grow the future workforce to support critical global missions."
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.
Contact: Melissa Koskovich Jennifer Moffett (571) 526-6850 (571) 526-6852 Koskovichm@Leidos.com Jennifer.firstname.lastname@example.org
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/leidos-announces-launch-of-2017-cyber-challenge-season-300426326.htmlPhoto: https://mma.prnewswire.com/media/4662/leidos_logo_4817_21071_.jpg Leidos
Web site: http://www.leidos.com/
NEW YORK, March 20, 2017 /PRNewswire/ -- OnDeck(R) , the leader in online lending for small business, announced today that it will be adding Jim Rosenthal, the former chief operating officer of Morgan Stanley, to its board of directors, effective April 3, 2017.
During his tenure at Morgan Stanley, Rosenthal served in a variety of roles, including as COO of the company from 2011 to 2016 and as chairman and chief executive officer of Morgan Stanley's approximately $130 billion national bank. In his role as COO, Mr. Rosenthal was responsible for overseeing firm-wide technology and operations, Morgan Stanley's wealth management digital business, corporate strategy, re-engineering and expense management, technology company relations, and cybersecurity. He remains a senior advisor to Morgan Stanley.
"We are thrilled to have an experienced financial leader like Jim Rosenthal joining our board," said Noah Breslow, chief executive officer, OnDeck. "Jim is a supremely talented executive whose vision contributed greatly to the success of Morgan Stanley and other organizations. His experience as an innovator at the intersection of technology and financial services, combined with his comprehensive knowledge of financial institutions, will add great value to OnDeck as we build on our leadership as the nation's largest online lender to small businesses."
Rosenthal has more than two decades of experience across a wide spectrum of financial services. He joined Morgan Stanley in March 2008 from the global real estate company, Tishman Speyer, where he served as chief financial officer. Prior to that, he worked at Lehman Brothers, serving as head of corporate strategy and execution and as a member of the firm's management committee. Rosenthal began his career with McKinsey & Company, where he was a senior partner, specializing in financial institutions.
"This is an exciting time to be joining OnDeck's board of directors," Rosenthal said. "As the nation's largest online lender to small businesses, OnDeck is a proven innovator in providing capital to Main Street. I am enthusiastic about being part of the next phase of the company's execution of its long-term growth strategy."
Mr. Rosenthal's appointment will expand OnDeck's board to nine directors, eight of whom are independent. He will be a member of OnDeck's Compensation and Risk Management Committees. Mr. Rosenthal's appointment as a director is for an initial term extending until the 2019 annual meeting of stockholders.
OnDeck is the leader in online small business lending. Since 2007, the Company has powered Main Street's growth through advanced lending technology and a constant dedication to customer service. OnDeck's proprietary credit scoring system - the OnDeck Score(R) - leverages advanced analytics, enabling OnDeck to make real-time lending decisions and deliver capital to small businesses in as little as 24 hours. OnDeck offers business owners a complete financing solution, including the online lending industry's widest range of term loans and lines of credit. To date, the Company has deployed over $6 billion to more than 60,000 customers in 700 different industries across the United States, Canada and Australia. For more information, please visit www.ondeck.com.
OnDeck, the OnDeck logo, OnDeck Score and OnDeck Marketplace are trademarks of On Deck Capital, Inc.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/former-morgan-stanley-coo-jim-rosenthal-joining-ondeck-board-of-directors-300426407.htmlPhoto: https://mma.prnewswire.com/media/257781/OnDeck_Logo.jpg On Deck Capital, Inc.
CONTACT: Jim Larkin, email@example.com, 203-526-7457, Kathryn Harmon
Miller, firstname.lastname@example.org, 646-692-0529
Web site: http://www.ondeck.com/
QUINCY, Mass., March 20, 2017 /PRNewswire/ -- The General Dynamics Mission Systems Knifefish team successfully completed a comprehensive evaluation of Knifefish, an autonomous surface mine countermeasure (SMCM) unmanned undersea vehicle (UUV). In coordination with the U.S. Navy, the test events took place off the coast of Boston using submerged Navy mine test targets. The evaluation represents a significant milestone in the Knifefish program and demonstrates the UUV's capability to detect and classify potential mines, at a variety of depths, each posing a unique threat to naval vessels operating in a mission area.
"The information and situational awareness Knifefish will deliver to sailors is a quantum leap in clarity and accuracy over other mine-hunting systems currently used by the Navy," said Carlo Zaffanella, vice president and general manager of Maritime and Strategic Systems for General Dynamics Mission Systems.
Simulating mine-hunting missions, the UUV located and classified mine test targets submerged at various depths and on the seafloor. Knifefish is also capable of locating and identifying mines buried in the seafloor.
"The Navy continues to work with its industry partner, General Dynamics Mission Systems, to develop, test, and deliver the needed Knifefish capability to the fleet," Capt. Jon Rucker, Program Manager for the Navy's Unmanned Maritime Systems Program Office (PMS406) said. "The system performed well against a variety of surrogate targets and we are confident we will refine its performance to support the planned schedule in 2017."
Knifefish will undergo additional at-sea testing this year to further refine system performance in advance of formal System Acceptance Testing with the Navy.
A U.S. Navy program, Knifefish is a heavyweight-class mine countermeasure UUV intended for deployment from Navy surface vessels. Knifefish will reduce risk to personnel by operating in the minefield as an off-board sensor while the host ship stays outside the minefield boundaries.
General Dynamics Mission Systems is the prime contractor for the Knifefish program. The company designed the tactical UUV using an open architecture concept that can be quickly and efficiently modified to accommodate a wide range of missions that may face future naval operations. The Knifefish UUV is based on the General Dynamics Bluefin Robotics Bluefin-21 deep-water AUV.
For more information about General Dynamics Mission Systems, a business unit of General Dynamics , please visit gdmissionsystems.com and follow us on Twitter @GDMS.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/general-dynamics-knifefish-unmanned-undersea-vehicle-successfully-completes-mine-hunting-evaluation-300426224.htmlPhoto: https://mma.prnewswire.com/media/480224/General_Dynamics_Mission_Systems_Knifefish.jpg
CONTACT: Carol T. Smith, Tel: 480 441 0342, Carol.Smith@gd-ms.com
Web site: http://gdmissionsystems.com/
MENLO PARK, Calif., March 20, 2017 /PRNewswire/ -- The abundance of information captured in the world today and the ability to apply data analytics to assess, monitor and predict activity has many chief audit executives (CAEs) around the world rethinking traditional audit models and approaches. According to Embracing Analytics in Auditing, the 2017 Internal Audit Capabilities and Needs Survey report, released today by global consulting firm Protiviti, 66 percent of internal audit functions now employ some form of data analytics in audit processes. However, despite this positive trend, many audit departments (34 percent) do not employ data analytics as part of the audit process, thus have not started the journey to realize the significant benefits that analytics technologies and resulting insights can provide. Of those who currently use data analytics, a mere 10 percent rate their data analytics functions as quantitatively managed or optimized.
More than 900 internal audit professionals participated in Protiviti's 11(th) annual Internal Audit Capabilities and Needs Survey to assess data analytics capabilities and practices among internal audit functions, along with the top priorities for CAEs and internal audit professionals this year. The survey was conducted globally and the majority of the responses came from North America.
"The pace of change in our world is having a dramatic impact on how organizations operate. Internal audit professionals must be adept in applying new tools and techniques to understand and manage risk. The use of advanced data analytic techniques is the runaway winner as a best practice of the future," said Brian Christensen, executive vice president, global internal audit and financial advisory, Protiviti. "Many of the organizations that are already employing data analytics within their audit departments are beginning to experience significant value in the results. As recognition of these benefits grows, we expect to see CAEs work with management and the board of directors to make further investments to increase their data analytics capabilities, in terms of both tools and skillsets, as the practice of internal auditing shifts increasingly to analytics and continuous auditing and monitoring."
The Impact: Data Analytics and the Audit Process
Although they are in the minority amongst their peers, internal audit functions with mature, continuous monitoring and auditing programs are achieving impressive benefits. These include strengthening risk assessments; more effectively tracking fraud indicators and key operational indicators; enabling a real-time view of organizational risk; and conducting risk-based audits.
On the other end of the spectrum, according to the report, internal audit groups in the developmental stage may not know yet how to properly elevate and optimize their analytics, largely due to the lack of understanding about the benefits these capabilities can provide.
Challenges and Insights
The survey also revealed that internal audit functions face numerous challenges, such as:
-- 73 percent of all organizations performing analytics say demand for data analytics has increased - even more so among organizations in the "best practices" segment -- 34 percent are planning to add analytics headcount -- Identifying where data resides is a challenge for 60 percent of organizations as are system constraints (56 percent) -- Data quality is an issue as well - only 22 percent rate it to be excellent or good
The Protiviti report offers insights on these challenges and many other key findings of the survey. For example, internal audit groups with dedicated analytics functions and organizations that have attained a 'managed' or 'optimized' state of analytics maturity are far more likely to conduct continuous auditing. Protiviti's survey found that overcoming the constraints to build more sophisticated analytics processes requires:
-- A longer-term strategy and an implementation roadmap -- Carefully chosen and well-crafted pilot programs -- Clear direction (including investment in skills, tools and expertise) from CAEs and organizational leaders
"It can be overwhelming for organizations just getting started with using data analytics. There may be budget and resource constraints, employees need to learn new technologies and new processes need to be developed. We've found that companies just need to pick a starting point and get the help they need so that, over time, they can truly optimize their internal audit functions," added Christensen.
In addition to the 2017 study's special focus on data analytics, the Protiviti report includes sections on general technical knowledge; audit process knowledge; and personal skills and capabilities. In these sections, data analytics, continuous auditing and emerging technologies stand out as areas that CAEs and internal audit professionals need to improve their knowledge and expertise.
Webinar on April 12
Key findings from the survey will be discussed in a complimentary webinar on April 12 at 10:00 a.m. PDT. Protiviti's Christensen, joined by Protiviti Managing Directors Gordon Braun and Barbi Goldstein, will discuss the findings and add their insights during the 90-minute webinar. Please register here.
About the Survey and Resources
Protiviti's 2017 Internal Audit Capabilities and Needs Survey was fielded in December 2016 across the globe and surveyed 906 respondents. Respondents work in the public, private, government and non-profit sectors and are representative of virtually all industry sectors. Nearly two-thirds of respondents are from organizations with more than $1 billion in revenue.
The survey report, along with an infographic highlighting key results, a podcast and a short video, are all available for complimentary download at www.protiviti.com/IAsurvey.
From March 20th to 22nd, Protiviti is exhibiting at The Institute of Internal Auditors' General Audit Management Conference in Orlando, FL and has complimentary copies of the survey report available for interested attendees. For more information about the conference, please visit: www.protiviti.com/events.
Protiviti (www.protiviti.com) is a global consulting firm that delivers deep expertise, objective insights, a tailored approach and unparalleled collaboration to help leaders confidently face the future. Through its network of more than 70 offices in over 20 countries, Protiviti and its independently owned Member Firms provide clients with consulting solutions in finance, technology, operations, data analytics, governance, risk and internal audit.
Protiviti has served more than 60 percent of Fortune 1000((R)) and 35 percent of Fortune Global 500((R)) companies. The firm also works with smaller, growing companies, including those looking to go public, as well as with government agencies. Protiviti is a wholly owned subsidiary of Robert Half . Founded in 1948, Robert Half is a member of the S&P 500 index.
Protiviti is not licensed or registered as a public accounting firm and does not issue opinions on financial statements or offer attestation services.
Editor's note: Infographic (in jpeg and pdf) and photos available upon request.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/internal-audit-departments-starting-to-embrace-data-analytics-yet-many-have-far-to-go-to-achieve-full-potential-according-to-latest-protiviti-survey-300426241.htmlPhoto: https://mma.prnewswire.com/media/118099/protiviti_logo.jpg Protiviti
CONTACT: Kathy Keller, (650) 234-6252, email@example.com
Web site: http://www.protiviti.com/
-- Proposed settlement would remove significant uncertainty and distraction for Photon Control and its customers. -- Photon Control would acquire undisputed ownership of intellectual property and internalize R&D activities. -- Settlement would more than halve existing royalty rates and term of the disputed agreements.
BURNABY, BC, March 20, 2017 /CNW/ - Photon Control Inc. ("Photon Control" or the "Company") , a leading developer of optical measurement technologies, announces that it has signed a Letter of Intent which lays out the terms of a proposed settlement (the "Settlement") to resolve all legal actions commenced by the Company against Photon Control R&D Ltd. and certain others (collectively "R&D"), as well as the counter-claims filed by R&D against the Company.
The litigation primarily involved the question of ownership of certain intellectual property, the rates and terms of certain royalty agreements, control of the Company's research and development and other matters involving a historical relationship between the Company and R&D. The Settlement will enable Photon Control to focus its resources on serving the needs of its customers and it avoids an expensive and time consuming trial currently scheduled to be held in 2018. Most importantly, it provides stability for the Company's customers and it adds a cohort of deeply talented industry experts to the Company's research and development team.
All legal actions currently underway between the Company and R&D will be suspended pending preparation and execution of binding agreements which is targeted for the end of March with closing to occur by mid-April. The binding agreements remain subject to approval by the board of directors of the Company (the "Board") and the principals of R&D.
Principal terms of the Settlement are as follows:
a. The Company will acquire full ownership of all Intellectual Property, products, trademarks and other assets previously under dispute. b. R&D employees will be transferred to and hired by Photon Control. c. The Company will pay a percentage of sales revenue to the current owners of R&D commencing January 1, 2017 for a period of 5 years, equal to 4.25% of revenues from sales of products currently under license from R&D pursuant to existing agreements and such additional products created by the Company based on designs in development by R&D up to December 31, 2016. . This reduces the royalty rate in the existing, disputed agreements by more than 50% (currently a sliding scale of 25% to 10%) and decreases the term of the disputed agreements by 5 years. d. The Company will pay R&D in cash for all past due royalty amounts to December 31, 2016 and outstanding payables, the entire quantum of which has been fully accrued by the Company in its accounts. e. R&D has agreed to non- competition arrangements with the Company.
D. Neil McDonnell, Board Chair, who had been tasked with seeking a negotiated settlement with R&D, stated: "We would like to acknowledge and thank Chris Weston, Michael Weston and David Dueck for their longstanding efforts in building Photon Control into the great company it has become, and their cooperation during this period in negotiating this Settlement which resolves all disputes and removes any uncertainty over the Company's ownership of its Intellectual Property and Products. In addition, we are very pleased to welcome R&D employees into the Company as we strongly believe that they are integral to the future development of the Company and to meeting our customers' current and future needs."
About Photon Control Inc.
Photon Control Inc. designs, manufactures and distributes a wide range of optical sensors & instruments to measure temperature, pressure, position, and flow. These products are used by Original Equipment Manufacturers (OEM) as well as end-users in the Semiconductor, Oil and Gas, Power, Life Science, and Manufacturing industries. Photon Control's products provide high accuracy and reliability in extreme conditions and are supported by a team of experts that offer onsite installation, training, and support. Photon Control Inc. also provides engineering services for customized optical measurement systems. Headquartered in an ISO 9001:2008 manufacturing facility in Burnaby, BC, Photon Control Inc. is listed on the TSX Venture Exchange, trading under the symbol ''PHO". Additional information about the company can be found at www.photon-control.com/investorrelations.html
This News Release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Such forward-looking statements concern the business and anticipated financial performance of the Company and include, without limitation; statements with respect to various elements of the Settlement; ; and the Company's objectives, goals, liquidity, sources of capital, expectations of sales and continued development of technologies and products.
These forward-looking statements are based on certain factors and assumptions, including, without limitation; the Company's ability to successfully complete the Settlement, including execution of definitive binding agreements, the transition of R&D employees to the Company, incorporation of R&D intellectual property, continued and future demand for the Company's products; continued sales to the Company's major customers; the continued financial health of the semiconductor industry; and the Company's ability to continue and further enhance revenue diversification and open new market opportunities.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward- looking statements, including, without limitation, the Company may be unsuccessful in settling and execution definitive binding agreements reflecting the Settlement on the terms described or at all; risks in securing the services of and integrating R&D employees into the Company; difficulties in incorporating R&D's intellectual property, legal action from third parties which may arise from theSettlement;; uncertainties relating to the market for the Company's products and maintaining a stable level of orders; fluctuations in revenue as a result of volatility in the markets and product mix; risks relating to the Company's present reliance on four major customers for the majority of its sales; risks relating to the Company's reliance on the financial health of the semiconductor industry;; risks associated with technical difficulties or delays in product introductions, improvements, implementation; uncertainties in product pricing or other initiatives of the Company and its competitors; and risks in pursuing additional development projects to support existing customers or pursue other business opportunities.
The foregoing assumptions, risks and uncertainties are not exhaustive of the items that may affect our forward-looking statements. Should underlying assumptions prove to be incorrect or one or more of these risks and uncertainties materialize, actual results may vary materially from those described in the forward- looking statements. The Company's forward-looking statements are based on beliefs, expectations and opinions of management on the date the statements are made. For the reasons set forth above, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements included herein if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Photon Control Inc.
CONTACT: Investor Relations Contact: Matt Glover, Liolios Group, Inc.,
Web site: http://www.photon-control.com/
SAN JOSE, Calif., March 20, 2017 /PRNewswire/ -- 8point3 Energy Partners LP will announce its first-quarter 2017 financial results on a conference call on Wednesday, April 5, 2017 at 1:30 p.m. Pacific Time. The call-in number is 517-308-9098, passcode: 8point3 or the webcast can be accessed from the "Investors" section of 8point3 Energy Partners' website at www.8point3energypartners.com. The earnings press release will be posted at the same location at approximately 1:05 p.m. Pacific Time on April 5, 2017.
About 8point3 Energy Partners
8point3 Energy Partners LP is a growth-oriented limited partnership formed by First Solar, Inc. and SunPower Corporation to own, operate and acquire solar energy generation projects. 8point3 Energy Partners' primary objective is to generate predictable cash distributions that grow at a sustainable rate. The partnership owns interests in projects in the United States that generate long-term contracted cash flows and serve utility, commercial and residential customers. For more information about 8point3 Energy Partners, please visit: www.8point3energypartners.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/8point3-energy-partners-to-announce-first-quarter-results-on-april-5-2017-300426270.htmlPhoto: https://mma.prnewswire.com/media/381628/8point3_logo_Logo.jpg 8point3 Energy Partners LP
CONTACT: Veronica Andrade, 408-514-4075,
Web site: http://www.8point3energypartners.com/
FARMINGTON, Conn., March 20, 2017 /PRNewswire/ -- A new era of innovation is underway at United Technologies Corporation featuring a state-of-the-art digital hub in Brooklyn, New York.
United Technologies Digital Accelerator, based in Brooklyn at 55 Water Street in DUMBO, is a $300 million investment that will create 250 new jobs focused on developing software solutions for UTC's world-class product and service portfolio. This investment underscores United Technologies' commitment to leading in the digital era and unleashing the size and scale of UTC's businesses on the digital world of big data and the Internet of Things (IoT).
"United Technologies' global reach and history of innovation uniquely position us to succeed in the new digital economy. Our investment in digital innovations will make travel better, people safer and urbanizing cities more comfortable and connected," said Greg Hayes, Chairman & CEO of United Technologies. "As we look to the future, our Digital Accelerator is an important step to assure we have the talent and skills to integrate digital solutions into our products and services to provide greater value to our customers."
"With our improved business climate, cutting-edge companies like UTC are choosing New York's tech ecosystem to anchor and grow their business, creating thousands of jobs and generating millions for our economy," said Empire State Development President, CEO & Commissioner Howard Zemsky. "These industries represent the next wave of innovation and technological advancements, and New York State is proud to be at the forefront of the digital revolution."
United Technologies Digital is recruiting hi-tech professionals specializing in product management, software development, data science and more. They will join thousands of UTC's Digital colleagues from around the world.
"We make incredible products that make modern life possible - from jet engines and aircraft systems, to elevators and building solutions - and this is the evolution of UTC's journey," said Vince Campisi, Senior Vice President, Digital, and Chief Information Officer. "We're looking for exceptional talent to leverage software, analytics and the Internet of Things to create new sources of value with our products and services, drive productivity, and help improve customer operations."
"Brooklyn has a deep, authentic industrial manufacturing history and a vibrant digital ecosystem which makes it a perfect match for our Digital Accelerator," continued Campisi. "We're adding another dimension of speed, agility and innovation to everything we do. Brooklyn is at the heart of it with an energy that attracts remarkable talent from universities to startups and we are excited to be a part of it."
To join the United Technologies Digital journey go to www.utc.com/digital.
United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries. By combining a passion for science with precision engineering, the company is creating smart, sustainable solutions that move the world forward. To learn more about UTC, visit the website or follow the company on Twitter: @UTC
Contact: Maureen Fitzgerald
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/meet-united-technologies-digital-300426219.htmlVideo: https://mma.prnewswire.com/media/480240/UTC_DIGITAL_ACCELERATOR.mp4 United Technologies Corp.
Web site: http://www.utc.com/
LAS VEGAS, March 20, 2017 /PRNewswire/ -- IBM today announced that Charlotte Russe, a U.S. women's clothing retailer, is using Watson Customer Engagement solutions on IBM Cloud to help them fulfill record numbers of customer orders, improve profitability and maintain high-levels of customer satisfaction. Available now, IBM Watson Customer Engagement solutions are infused with cognitive technologies that today are enabling marketing, commerce and supply chain professionals put their customers' needs at the center of every transaction.
Last year, for the first time ever, American consumers surveyed made the majority of their purchases online rather than in stores(1). With the online and mobile shopping communities growing ever larger and customer expectation for flawless services across all channels and experiences remaining high, under any circumstances, Charlotte Russe turned to IBM to help them prepare for the busy 2016, five-day holiday shopping season.
Charlotte Russe had the Watson Customer Engagement solutions up and running in seven months. Following deployment, the Charlotte Russe team realized that its initial sales and transactions projections for the holidays were significantly lower than what the latest data reflected--online sales would increase over 2015 and could cause potential disruptions in service and dissatisfaction among customer during the most critical period of the year.
Poor online performance can be costly--a simple two-second delay in the loading of the first page of the checkout process can result in a 60 percent drop in conversions(2). To help ensure its success, Charlotte Russe turned to IBM's Holiday Readiness team, which quickly assessed if the retailer could handle this drastic spike in product demand. Based on results of the assessment, IBM recommended adding capacity to help meet the anticipated growth, fine-tuned the system and ran in depth performance tests ahead of peak holiday shopping time.
These efforts paid off--over the 2016 5-day holiday shopping peak, the IBM and Charlotte Russe teams worked side-by-side to ensure that all systems were performing at peak capacity. Despite record volumes of orders there were no performance issues and the volume was handled easily by the system.
"The always-on customer's relationship with a retailer lasts only as long as the business's ability to keep their unique needs and interests at the center of every interaction," said Harriet Green, General Manager, IBM Watson Customer Engagement. "Cognitive solutions are critical to keeping the focus on the customer, under any circumstances. When it comes to cognitive, IBM has a significant lead over the competition and over this time we've seen firsthand how technologies like Watson allow businesses to understand customers on entirely new levels, adjust strategies as their interests change and new trends appear and ultimately maintain their loyalty to the business."
Now for example, a customer could order a dress on their smartphone and chose to pick it up from a location they pass on their way home from work. Without human intervention, the order management system (OMS) system can check inventory and, finding that it's out of stock in the person's size, identifies which location has the right item and can get it on the store most quickly to fulfill the order. The store associate then receives a mobile notification of the incoming item as well as recommendations on other accessories the customer may be interested in based on their unique profile. In the event the customer likes the accessory but prefers it in a different color the associate can find where else its available and have it shipped to their home.
Part of the Customer Engagement portfolio, IBM's Order Management helps retailers handle orders, integrate with financial processing systems, process shipping notifications, interface to customer email and settlement systems and update inventory systems. By using IBM's Order Management, retailers can make more informed decisions about how to fulfill customer orders, potentially resulting in improved profitability and customer satisfaction.
"Like all retailers, our business is judged by its ability to serve the needs of our customers. If we can't meet their expectations we can't compete," said Debra Jensen, CIO for Charlotte Russe. "IBM is a proven leader when it comes to retail transformation. Now we know that our backend systems -- the engine that keeps sales flowing, orders shipping and customers happy -- is solid, taking whatever our customers throw at it and automatically understanding the best way to meet their needs. We also know that as new trends emerge we are in step with each customer."
IBM Watson Customer Engagement powers a full spectrum of industry-tested solutions. These include cognitive engagement offerings delivered as a service and on premise that help businesses uncover insights hidden in their massive amounts of data to understand, reason and learn about their customers and important business processes. Today IBM is the only vendor that helps companies infuse cognitive technologies into their marketing, commerce and supply chain capabilities on their terms, when and how they need.
IBM currently is working with more than 17,000 companies around the world including customers such as Amadori Group, American Eagle Outfitters, Boots, Ermes, Luxottica, Moosejaw Mountaineering, Office Brands, Performance Bicycle, REI, Sherwin Williams, The Clorox Company, The North Face, The Works UK, and William Sonoma.
For more information follow us at #IBMAmplify and #WatsonCE.
1. Wall Street Journal, Survey Shows Rapid Growth in Online Shopping http://on.wsj.com/2kOOQl2 2. Poor site speed costing you sales? Try these tips..., http://bit.ly/2mWlbGe
External Media Relations
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LAS VEGAS, March 20, 2017 /PRNewswire/ -- IBM today announced that Performance Bicycle, the nation's largest independent bicycle retailer with more than 100 locations around the U.S., is using Watson Customer Engagement solutions running on the IBM Cloud to help create personalized customer experiences that extend from online to each of its brick-and-mortars stores.
The retailer is also preparing to infuse the cognitive capabilities offered today in the Watson Customer Engagement solutions, which will help Performance Bicycle better understand and learn how individual pieces of content from their vast library of resources can impact the customer's purchasing decision.
Performance Bicycle is a popular destination for cycling enthusiasts researching the latest products before taking a trip to their local store to test them out first hand and make a purchase. To best serve customer needs at each step, the retailer wanted to understand the content customers invested time looking at online and then get this into the hands of associates to meet their unique needs once setting foot in the store. It's this pervasive personalization that can help drive loyalty among customers who are spending as much as $5,800 on a new bicycle.
"Retailers that don't think bridging the on and offline world is important better think again. Companies with omni-channel customer engagement strategies retain on average 89 percent of their customers(1)," said Harriet Green, General Manager, IBM Watson Customer Engagement. "IBM cloud and cognitive solutions are available now and helping brands such as Performance Bicycle deliver service excellence anywhere, as well as a personalized touch whether you are online or in store."
Working with IBM and Business Partner BlueSky Technology Partners, Performance Bicycle is beginning to incorporate new cognitive capabilities, including Watson Content Hub. In fact, the company has already leveraged these capabilities, which understand and learn about the data in its content management system, including dark data that accounts for more than 80 percent of information has been invisible to computers. The solution then trains itself to better understand what has been stored and recognizes and automatically tags content including images, videos and documents based on millions of previous examples.
Performance Bicycle found that the offering tagged content and made connections that the team could not have done previously. For example, Watson discovered that customers who bought mountain bikes were watching specific videos that the team had not tapped into previously, including one featuring desert riding. By seeing these connections, the retailer will be able to proactively present this content to others in the future to help drive sales.
In addition, Performance Bicycle is leveraging additional IBM Watson Customer Engagement capabilities on IBM Cloud to bring together information from its e-commerce sites (products they are researching, preferred price range, etc....), email marketing campaigns (which ones are driving action), contact center and more. As a result, marketing teams can deliver personalized experiences to customers across multiple channels, and with IBM Watson Customer Experience Analytics, assess their responses and refine them as needed to drive the desired outcome. Performance Bicycle can also study how customers combine their in-store and on-screen browsing, identify patterns and create customized journeys that can lead to an increase in store visits and purchases while strengthening brand loyalty.
"Today, a lot of customers will do extensive research on our sites before they visit, and move back and forth between channels throughout the decision-making process. We needed a single view of the journeys our customers took with us to best meet their needs," says Mike Starkey, Senior Vice President of Information Systems at Performance Bicycle. "We are excited to expand on our relationship with IBM which is allowing us to better understand what inspires our customers to purchase now while at the same time paving the way for our cognitive journey which will allow us to continue meeting their needs through the power of Watson."
Today with Watson Customer Engagement solutions on IBM Cloud, Performance Bicycle's marketing team can, for example, see large numbers of novice customers viewing bike review videos on their Learning Center website. With this insight, they can adapt the content into a targeted email campaign, providing links to additional information and local beginner riding clubs, setting up an in-store appointment to look at and try out bicycles and delivering offers off their first purchase, everything needed to give them the confidence to visit their local store. Once in store, the sales team has the customer's preferred bicycles and other alternatives ready for viewing as well as accessories that beginners should consider (helmets, gloves, etc...).
In addition to its impact on customers, IBM Cloud is also helping expand the retailer's presence globally. In 2016, Performance Bicycle was acquired by Advanced Sports Enterprises, which designs, markets and sells premium bicycle brands in 80 markets around the world. Through the IBM Cloud, they are in the process of efficiently integrating the two business systems that will allow them to combine the B2C expertise of Performance Bicycle with Advanced Sports Enterprises' global trading partner network to reach thousands of new customers while helping to gain a valuable advantage.
IBM Watson Customer Engagement powers a full spectrum of solutions including cognitive engagement offerings delivered as a service and on premise. Today IBM is the only vendor that helps companies infuse cognitive technologies into their marketing, commerce and supply chain capabilities on their terms, when and how they need.
IBM currently is working with more 17,000 companies around the world including Amadori Group, American Eagle Outfitters, Boots, Ermes, Luxottica, Moosejaw Mountaineering, Office Brands, Performance Bicycle, REI and Sherwin Williams
For more information follow us at #IBMAmplify and #WatsonCE.
About Performance Bike
Founded in 1982 and headquartered in Chapel Hill, North Carolina, United States, Performance Bicycle is a leading retailer of cycling products. With 1,800 employees, a presence in 20 states and a comprehensive offering of more than 10,000 products, the company operates bricks-and-mortar stores, a printed catalog business and an e-commerce website.
1. 10 Notable Omnichannel Trends and Statistics [Infographic] http://bit.ly/2mDuKH5
External Media Relations, IBM
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LAS VEGAS, March 20, 2017 /PRNewswire/ -- IBM today announced that Titan Company Limited, India's leading manufacturer of watches and other fine personal accessories, is using IBM Watson Customer Engagement and cloud-based solutions to help increase annual sales from its 11 million loyalty customer base, while attracting new consumers to Titan's unique line of products.
A multi-category, multi-brand global lifestyle products manufacturer based in Bengaluru, India, Titan recognized a tremendous opportunity--the Indian e-commerce market is set to overtake the US and become the second largest in the world in less than two decades (1). To achieve success while fending off new online competitors, Titan's goal is to re-energize its 1500 brick & mortar stores, increase online presence and continue to inspire and excite its current customers to drive more frequent sales from each, while at the same time, attract new customers to the brand. In fact, India's robust economic growth and rising household incomes are expected to increase consumer spending to US$ 3.6 trillion by 2020 (2) - which can help to unfold new opportunities for Titan.
Titan is currently leveraging IBM Watson Customer Engagement solutions to serve as the backbone of its online platform, enabling the company to tailor online campaigns that are unique to their customers - not just taking into account preferences and past purchases (what they spent previously, what deals sparked action), but also leveraging analytics to examine their real-time behavior (i.e. what items are being looked at most, what channels are customers buying through, why cart was abandoned, etc...), so campaigns can be tailored on the fly to help drive a purchase.
For example, Titan can identify customers whose watch purchases in the past indicate contemporary fashion sensibilities and introduce deals on contemporary jewelry designs for these customers. They can not only customize the amount of the discount, but also where it should be delivered to - via email, mobile, etc. - all based on past behavior. Next, as the customer navigates the site, the retailer can identify other items that are grabbing their attention and respond with deals on each.
"India is poised to become the largest digital marketplace in the world, which will introduce entirely new levels of competition between retailers looking to grow a loyal customer base," said Harriet Green, general manager, IBM Watson Customer Engagement. "Through IBM Watson Customer Engagement offerings, IBM is not only providing Titan capabilities to engage their customers, we are also helping them on their path to cognitive - where Titan can introduce additional Watson-powered solutions to help them gain momentum for years to come."
Through its work with IBM, Titan aims to energize its current customer base, who on average make 1.5 purchases a year, into regular buyers who buy three times as many items annually, whether through the browser, their mobile device or in a Titan store. Titan aims to use IBM's platforms to drive visitors to its brand websites, as well as footfall into its 1500 retail stores and 10,000 multi-brand outlets located across India. In these store locations, sales associates will have mobile apps to provide them with details on each shopper (from past purchases to style preferences and more) so they can maintain highly-customized and personalized relationships.
"The continued growth of e-commerce presents a tremendous opportunity for Titan to better meet the unique needs of our customers while tapping into vital new revenues for our business. IBM will play a significant role in ensuring our success," said Kuruvilla Markose, Chief Digital Officer, Titan Company Limited. "Working with IBM, we will be able to personalize all customer interactions both online and in the store, introducing shoppers to new relevant products that not only evoke the design and flare that is indicative of our products, but reflect their unique, personal styles. We want to bring the warmth and relationships our stores are famous for, into the digital world that our customers are increasingly frequenting", he added.
As part of its digital makeover, Titan is leveraging a suite of IBM Watson Customer Engagement offerings. IBM Watson Customer Engagement powers a full spectrum of solutions including cognitive engagement offerings delivered as a service and on premise. Today IBM is the only vendor that helps companies infuse cognitive technologies seamlessly into their marketing, commerce and supply chain capabilities.
IBM currently is working with more 17,000 companies around the world including Amadori Group, American Eagle Outfitters, Boots, Ermes, Luxottica, Moosejaw Mountaineering, Office Brands, Performance Bicycle, REI, and Sherwin Williams.
About Titan Company Limited:
Titan Company Limited (earlier known as Titan Industries Limited), a joint venture between the Tamil Nadu Industrial Development Corporation (TIDCO) and Tata Group, commenced operations in 1987 under the name Titan Watches Limited. In 1994, Titan diversified into Jewellery and subsequently into eyewear with Titan Eyeplus. In 2013, Titan entered the fragrances segment with SKINN.
Today, Titan Company Limited, India's unchallenged leader in watches, jewellery and eyewear, is credited with changing the face of all these industries. Titan Company reported a growth of 14.7% in income in Q3 over same period last year despite some headwinds on account of demonetization. Income for the nine-month period ending December 2016 grew by 7%. The overall income from operations in the third quarter, October to December 2016, was Rs.3905.22 crores, as compared to last year's income of Rs.3404.52 crores during the same period.
1. The Indian Express: India to overtake US as world's largest e-commerce market: Study December 5, 2016. http://bit.ly/2hcpasa
2. India Brand Equity Foundation: India Consumer Market. February 2017. http://bit.ly/1sGQiCn
IBM Media Relations
Media Contact(s) for Titan Company Limited:
Edeleman India Pvt. Limited
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WHITEHOUSE STATION, N.J., March 20, 2017 /PRNewswire/ -- A new online system from Chubb will help independent agents quote and issue a comprehensive workers' compensation policy for small businesses.
"Our new workers' compensation system is efficient and fully automated, making it easier for our agents to place and service small business accounts," said Jim Williamson, Division President, Small Commercial Insurance, Chubb North America.
Chubb's workers' compensation policy for small business owners is designed to meet the needs of a wide range of industries, and includes the following coverage highlights:
-- Provides coverage for small businesses with as few as one employee up to businesses with revenues of $10M -- Includes small business protection for medical expenses and lost wages to employees, providing security and peace of mind for employers -- Incorporates versatile coverage options including waiver of subrogation and various employer liability limits -- Easy, 24/7 automated system access with the ability to generate a quote and issue a policy in just minutes
When combined with Chubb's business owner's policy (Chubb BOP), Chubb's workers' compensation policy for small businesses provides customers an insurance solution with broad coverage and Chubb's exceptional policy and claim service capabilities.
Williamson added, "At Chubb we understand that employees are a small business' most valuable asset and are often like family. Our goal is to provide small business owners the confidence of knowing if an injury or illness occurs on the job, they'll have the right coverage in place to ensure their employees, and their businesses, will return to normal as quickly and cost-effectively as possible."
Additional information on Chubb Small Commercial Insurance workers' compensation offerings can be found at chubb.com.
Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at www.chubb.com.
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CONTACT: Media Contact: Laurie Taylor: (908) 903.2611: firstname.lastname@example.org
Web site: https://www2.chubb.com/us-en/
LAS VEGAS, March 20, 2017 /PRNewswire/ -- IBM InterConnect - IBM today announced a new cloud-based solution that provides workload security for data and applications and automates reporting to assist with regulatory requirements. The solution, IBM Cloud Secure Virtualization, is optimized for technology from Intel and HyTrust to simplify reporting demands for organizations in highly regulated industries and provide hardware-enhanced workload security.
IBM deploys an immune system-like approach to security - with data analytics and Watson for CyberSecurity helping clients to discover, manage and remediate threats across the entire enterprise. IBM is providing a security-rich cloud computing environment for customers by incorporating its own security technologies with capabilities from partners Intel and HyTrust.
Data security is a primary concern for enterprises considering hybrid cloud adoption - particularly in highly regulated industries such as financial services, healthcare and government. According to Technology Business Research, more than 40 percent of enterprises surveyed cite security as the most important factor in the hybrid cloud decision process(1).
IBM Cloud designed this new offering to assist clients with security concerns and compliance reporting readiness. IBM Cloud Secure Virtualization is a unique collaboration that automates the deployment of Intel(R) Xeon(R) processor-based servers with Intel(R) Trusted Execution Technology (Intel(R) TXT) and HyTrust CloudControl, DataControl and BoundaryControl software on IBM Cloud infrastructure.
The solution runs on VMware Cloud Foundation on IBM Cloud, taking advantage of the infrastructure automation jointly developed by IBM and VMware. This advanced automation supports deployment and integration of Intel and HyTrust technologies with the unified SDDC platform from VMware so IBM clients can continue to use familiar tools to manage their workloads without having to retool or refactor applications. This agility allows a client to go from months to days to deploy a security-rich cloud environment with reporting readiness capabilities that can assist with regulatory requirements.
Specifically geared toward clients in highly regulated industries, IBM Cloud Secure Virtualization is designed to give enterprises control over where their data is located to address performance, security or data privacy needs.
With IBM Cloud Secure Virtualization, clients may benefit from:
-- Continuous monitoring and real-time reporting to help address regulatory readiness and reporting for industry compliance standards such as PCI 3.0, HIPAA and FISMA, among others. -- Geo-fencing at the hardware level for more control over where data can and cannot be moved. -- More granular access controls to help reduce operational risk and configuration errors.
"With the rapid proliferation of data, cloud is becoming the platform enterprises turn to for innovation, but security and compliance concerns remain top of mind," said John Considine, general manager for cloud infrastructure at IBM. "IBM Cloud Secure Virtualization can help facilitate cloud adoption and provide enterprises with an automated and security-rich cloud infrastructure to invigorate business innovation and growth."
"Data centers and the cloud have a dramatic impact on businesses and consumers by enabling new and improved services around the globe," said Raejeanne Skillern, vice president data center group and general manager of the CSP platform group at Intel. "Our collaboration with IBM delivers new and more secure cloud services based on Intel technologies enabled in the IBM cloud infrastructure. IBM's services ensure workloads run and data encrypts on trusted servers in approved locations."
"Customers demand the highest levels of security, scale and availability for mission critical workloads in the cloud," said Eric Chiu, founder and president at HyTrust. "We are excited to collaborate with IBM on this unique cloud-based solution, leveraging HyTrust workload security solutions, to help automate compliance controls and security in the cloud."
To learn more about IBM Cloud Secure Virtualization, please visit: ibm.com/cloud/secure-virtualization.
InterConnect is IBM's cloud and cognitive conference where more than 20,000 developers, clients and partners are being introduced to the latest advancements in cloud computing through 2,000 sessions, labs and certifications. IBM is positioning both enterprise and startup clients for success with a complete portfolio of cloud services and marquee partnerships, supporting a wide range of applications including: big data, analytics, blockchain and cognitive computing.
For more information, visit: https://www.ibm.com/cloud-computing/. For the IBM InterConnect Press Kit, visit: ibm.biz/IBMInterConnect2017. Engage in the conversation through @IBMCloud and #ibminterconnect.
IBM Media Relations
(1) Technology Business Research: Hybrid Cloud Customer Research 2H16| Cloud Business Quarterly
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Web site: http://www.ibm.com/
SALT LAKE CITY, March 20, 2017 /PRNewswire/ --
Motion Entertainment Group (USOTC: COBI) today announced the launch of Events in Motion, a technology subsidiary focused on providing world-class event, concert and travel apps within the US market. The event, travel and music concert industries represented a combined $970 billion in revenue across the United Stated in 2015.
Events in Motion will offer disruptive apps as white-label solutions at highly competitive price-points to meet the needs of all three markets, and to upset a balance of power where established giants overcharge and underservice small, medium and large-scale clients alike.
Studies in 2016 and 2017, conducted by global events and tourism organizations, have indicated a growing appetite for event apps, and a growing appreciation of the value that they can provide. Events in Motion has a developed solution that is already in-market and proven globally, and the Company is bringing the product to the USA, anticipating immediate and significant results thanks to enhanced value offers and pricing models, and industry surveys that illustrate a 12% increase in desire for mobile event apps within the US alone.
As mentioned, the apps are developed and proven, and Events in Motion has already secured an initial client base for hundreds of tours in the travel sector, which will be formally announced later this month. The standard version of these apps offer the cutting edge-features that clients expect, and the simplicity and scalability of a cloud-based platform. Further, the Company is willing and able to customise the cloud-based apps and platform to create unique features and interfaces to meet unique client needs.
Stay up to date with all Motion Entertainment news and events at:
http://www.twitter.com/megamotioneg [http://pr.report/rYCyLi8e ] http://www.instagram.com/motioneginc [http://pr.report/qQgEOKvS ]
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing, and regulatory and shareholder approval for anticipated actions.
Steven Smith, Interim President Motion Entertainment Group Inc. fka Compass Biotechnologies Inc. Email: email@example.com Tel: +1-972-535-8931
Motion Entertainment Group
DALLAS, March 20, 2017 /PRNewswire/ -- AT&T* successfully completed the first of a multi-phase trial testing 400 gigabit Ethernet data speeds. This brings us one step closer to quadrupling network speeds for businesses.
In the field trial, we established a 400GbE connection between New York and Washington, D.C. This proved the AT&T nationwide software-centric network is ready for next-generation speeds.
400GbE end-to-end service was transported across the network, which was carrying live traffic. A software-defined network (SDN) controller created a service along the direct path between the two cities, and through software control rerouted the service to a second path to simulate a response to a network failure.
Late last year, we announced our intention to be the first in the industry to demonstrate 400GbE service across our production network, aligning with our shift toward a software-centric network.
Traffic on the AT&T network continues to grow. 400GbE speeds will allow our business customers to transport massive amounts of data faster than ever. That also means faster uploads and downloads and ultra-fast video streaming.
"Our approach to roll out the next generation of Ethernet speeds is working. We continue to see enormous data growth on our network, fueled by video. And this will help with that growth," said Rick Hubbard, senior vice president, AT&T Network Product Management.
Next-generation speeds like 400GbE can help transform the way our customers do business.
We're moving on to the second phase - a 400GbE end-to-end service transported across the AT&T OpenROADM metro network to the customer. This will show the network is ready for 400GbE to serve customers in metro areas.
Phase 3 will test the first instance of a 400GbE open router platform. The "disaggregated router" platform uses merchant silicon and open source software - another industry first.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
AT&T Inc. helps millions around the globe connect with leading entertainment, business, mobile and high speed internet services. We offer the nation's best data network* and the best global coverage of any U.S. wireless provider.** We're one of the world's largest providers of pay TV. We have TV customers in the U.S. and 11 Latin American countries. Nearly 3.5 million companies, from small to large businesses around the globe, turn to AT&T for our highly secure smart solutions.
Additional information about AT&T products and services is available at about.att.com. Follow our news on Twitter at @ATT, on Facebook at facebook.com/att and YouTube at youtube.com/att.
(C) 2017 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.
(*)Claim based on the Nielsen Certified Data Network Score. Score includes data reported by wireless consumers in the Nielsen Mobile Insights survey, network measurements from Nielsen Mobile Performance and Nielsen Drive Test Benchmarks for Q3+Q4 2016 across 121 markets.
(**)Global coverage claim based on offering discounted voice and data roaming; LTE roaming; and voice roaming in more countries than any other U.S. based carrier. International service required. Coverage not available in all areas. Coverage may vary per country and be limited/restricted in some countries.
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CONTACT: Jeff Kobs, AT&T Corporate Communications, 214.236.0113,
Web site: http://www.att.com/
FALLS CHURCH, Va., March 20, 2017 /PRNewswire/ -- CSRA Inc. , a leading provider of next-generation IT solutions and professional services to government agencies and programs, announced today that its Board of Directors has declared a quarterly dividend of $0.10 per share on the company's common stock.
The dividend will be paid on April 28, 2017 to stockholders of record at the close of business on April 5, 2017.
About CSRA Inc.
CSRA solves our nation's hardest mission problems as a bridge from mission and enterprise IT to Next Gen, from government to technology partners, and from agency to agency. CSRA is tomorrow's thinking, today. For our customers, our partners, and ultimately, all the people our mission touches, CSRA is realizing the promise of technology to change the world through next-generation thinking and meaningful results. CSRA is driving towards achieving sustainable, industry-leading organic growth across federal and state/local markets through customer intimacy, rapid innovation and outcome-based experience. CSRA has over 18,000 employees and is headquartered in Falls Church, Virginia. To learn more about CSRA, visit www.csra.com. Think Next. Now.
All statements in this press release and in all future press releases that do not directly and exclusively relate to historical facts constitute "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements represent CSRA's intentions, plans, expectations and beliefs. The forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside the control of CSRA. These factors could cause actual results to differ materially from forward-looking statements. For a written description of these factors, see the sections titled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in CSRA's most recent Annual Report on Form 10-K and any updating information in subsequent SEC filings. CSRA disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent event or otherwise.
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CONTACT: MEDIA CONTACT, Tom Doheny | Media Relations,
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Web site: http://www.csra.com/
IRVING, Texas, March 20, 2017 /PRNewswire/ -- Atos, a global leader in digital services, and Siemens, a global engineering leader, announce today they have entered into a Memorandum of Understanding (MOU) and will leverage their portfolios to help customers establish an integrated first line of defense against cyber-attacks. Siemens and Atos work together in the area of cybersecurity for industrial companies, providing customers in the manufacturing and processing industries with comprehensive security services and products.
The Atos and Siemens partnership in the U.S. is part of a global agreement around cybersecurity including common go-to-market and shared research and development efforts to target Information Technology (IT) and Operational Technology (OT) security for any market. Atos, with its unique capabilities in the field of IT, including identity access management, real-time security analytics, next-generation cryptography and software-defined security architecture; and Siemens, with its deep domain know-how and solutions for OT cyber, including security program design, security life cycle management, plant security monitoring and incident response, are well-positioned to help companies with an integrated approach to protecting against, detecting, and correcting threats quickly and efficiently.
As utilities increasingly use software to become more efficient and reliable, there is a corresponding need to boost cyber defenses - going beyond compliance regulations to secure operations. In oil and gas, digitalization brings a convergence of IT and OT connectivity that enables data to travel from the field, to the control room to the enterprise network - underscoring the need for a unique set of solutions to address the crossover between IT and OT.
A recent study from the independent Ponemon Institute shows that nearly 70 percent of U.S. oil and gas cyber managers said their operations have had at least one security compromise in the past year, resulting in the loss of confidential information or OT disruption - highlighting the need for the oil and gas industry to increase its cyber defenses.
"We are pleased to have the opportunity to expand the Siemens and Atos relationship as U.S. utilities, oil and gas industries are realizing the extent of cybersecurity challenges when moving into a digitized and connected ecosystem," said Michel-Alain Proch, Group Senior Executive Vice President and CEO North America, Atos. "With our combined end-to-end suite of solutions and innovative approaches to security analytics and better detection and response capabilities, customers will see tangible advantages in cost and risk reductions, as well as enhanced performance and flexibility gains."
"As the energy industry benefits from digital technologies and solutions, there is a need to guard against growing cyber threats. This new cooperation is part of our broad effort to deliver cybersecurity solutions to America's energy sector. By bridging operational technology and information technology capabilities, we can strengthen our customers' defenses against costly and disruptive attacks," said Judy Marks, CEO Siemens USA and Executive Vice President of New Equipment Solutions for Dresser-Rand.
Atos SE (Societas Europaea) is a leader in digital transformation with circa 100,000 employees in 72 countries and pro forma annual revenue of circa EUR 12 billion. Serving a global client base, the Group is the European leader in Big Data, Cybersecurity, Digital Workplace and provides Cloud services, Infrastructure & Data Management, Business & Platform solutions, as well as transactional services through Worldline, the European leader in the payment industry. With its cutting edge technologies, digital expertise and industry knowledge, the Group supports the digital transformation of its clients across different business sectors: Defense, Financial Services, Health, Manufacturing, Media, Utilities, Public sector, Retail, Telecommunications, and Transportation. The Group is the Worldwide Information Technology Partner for the Olympic & Paralympic Games and is listed on the Euronext Paris market. Atos operates under the brands Atos, Atos Consulting, Atos Worldgrid, Bull, Canopy, Unify and Worldline.
For more information, visit: www.atos.net
Siemens Corporation is a U.S. subsidiary of Siemens AG, a global powerhouse focusing on the areas of electrification, automation and digitalization. One of the world's largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of systems for power generation and transmission as well as medical diagnosis. With approximately 351,000 employees in 190 countries, Siemens reported worldwide revenue of $88.1 billion in fiscal 2016. Siemens in the USA reported revenue of $23.7 billion, including $5.4 billion in exports, and employs approximately 50,000 people throughout all 50 states and Puerto Rico.
For more information, visit www.usa.siemens.com.
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CONTACT: Kim Marie Testa (Atos), Phone: (214) 223-5343; E-mail:
Kim.firstname.lastname@example.org, Follow us on Twitter at: www.twitter.com/AtosNA; or
Jeff Grappone (Siemens), Phone: (202) 368-3854; E-mail:
email@example.com, Follow us on Twitter at:
Web site: http://www.atos.net/
NEW YORK, March 20, 2017 /PRNewswire/ - SmartCard Marketing Systems, Inc. & Touchpeak Software, Inc. sign partnership to launch a Bundled Wireless EMV MPOS & EPOS Point-of-Sale solution for Windows & Android Platforms.
SmartCard Marketing Systems, Inc. & Touchpeak Software, Inc. create an alliance to launch a bundled Point-of-Sale solution for SME Merchants with a suite of payment options, including Wireless EMV MPOS & EPOS for Retail Omni-channel merchants. The product bundle will target SME merchants in key markets including North America, Asia & LATAM.
The product bundle will support main functionality with international specifications to support Multi-Currency Multi-language and not limited to Geo-fencing for security requirements imposed by many FI's.
Massimo Barone CEO stated "We are excited about this partnership with Touchpeak and share a vision on what the Retail POS environment should look & feel like. We also recognize the importance of a simple Point-of-Sale solution for SME merchants which can be deployed without the requirement of technical staff. We are after an all-in-one bundled solution for MPOS & EPOS which operates seamlessly, allow merchants to remain with their existing FI's & offer all the latest trendy payment features available that can respond to innovation and change for the future.
Michael Balzer, CEO of Touchpeak adds "Enabling SmartCard Marketing Systems through our technology to provide an Omni-channel solution to their partners and customers is very exciting. By utilizing the latest technology and by combining this with the expertise both companies have in the integrated payments vertical we are confident that we can provide the best possible user experience to SME merchants".
About Touchpeak Software, Inc.
Touchpeak Software, Inc. is a Product and Service Provider based in Atlanta, GA with operations across North America, Europe and the Middle East. Touchpeak provides a middleware product designed for applications to exchange messages real-time using dynamic message routing, configuration and switching technologies. Through the Touchpeak Sales Team, as well as a network of partners and distributors, customers can get access to the Touchpeak products and services, which include white-label and self-service options. For more information, visit www.touchpeak.com
About SmartCard Marketing Systems, Inc.
SmartCard Marketing Systems Inc. is a Fintech payment accelerator Co & solutions provider to the payments industry, delivering cloud-based EMV host Acquiring & Issuing solutions to banks, telecoms and enterprise customers. In addition, the company's in-house advisory services offer customers proprietary software solutions including Genorocity.com, a coupon and incentive platform for the Retail & Events industry, Check21SAAS.com a Remote Deposit Check solution for X9 clearing and VelocityMWallet.com, a transaction payment ecosystem for alternative payment solutions & processing. For more information, go to www.smartcardmarketingsystems.com.
We Seek Safe Harbor
SmartCard Marketing Systems Inc (SMKG)
CONTACT: firstname.lastname@example.org, 1-844-THE-PAYMENT, Fabien
Pesenti, Touchpeak Software, Inc., 866 766 9486, email@example.com
Web site: www.smartcardmarketingsystems.com/
DALLAS, March 20, 2017 /PRNewswire/ -- The first three Trump Administration Executive Orders related to restoring public safety and protecting law enforcement. COPsync, Inc. is doing its part to help protect U.S. public safety and protect law enforcement officers with its COPsync "Network(TM)" -- an advanced law enforcement real-time information sharing and communication system. The Network is comprised of law enforcement officers and agencies in 16 states that are using the Network to share law enforcement information between and among themselves about dangerous individuals, officer safety threats and crimes in progress, such as child kidnappings, auto thefts and carjackings.
The COPsync Network, growing daily, is already comprised of more than 820 U.S. law enforcement agencies and courts across the U.S. who are using the Network's real-time information sharing and cross-jurisdictional communication capabilities to help keep America safer.
The Network connects law enforcement officers and agencies in real-time to a database of non-adjudicated law enforcement information. With this database, information about dangerous individuals and vehicles known to officers in one agency are now known to subscribing officers in real-time at the point of a traffic stop in 16 states across the U.S. Having access to this actionable, mission-critical information keeps officers safer, helps them arrest criminals and keeps America's communities safer.
Moreover, since officers and agencies are connected via the COPsync Network's cross-jurisdictional communication system, alerts of kidnapping, auto thefts, carjackings and other crimes in progress can be broadcast to other officers and agencies, even those hundreds and thousands of miles away. Today, officers who are not subscribed to the Network often are not notified to "be on the lookout" for fleeing felons and often drive by them completely unaware.
Mr. Ronald A. Woessner, Chief Executive Officer of COPsync, stated, "The COPsync Network helps keep law enforcement officers safer and protect public safety. We are proud to operate a system that helps fulfill these national priorities and look forward to the day when all of the estimated 18,000 U.S. law enforcement agencies are connected to the COPsync Network."
About COPsync, Inc.
COPsync, Inc. is a technology company that connects law enforcement officers across the nation, so they can communicate and share mission-critical non-adjudicated information in real-time. This saves officers' lives and keeps the public safer; helps law enforcement officers catch criminals and stop child kidnappings, vehicle thefts, bank robberies and other crimes in progress; and arms the nation's law enforcement officers with needed information so they can help defend against terrorism. For more information, go to www.copsync.com.
Everest Corporate Advisors, Inc.
Ronald A. Woessner
Chief Executive Officer
972 865 6192
Director of Media
and Investor Relations
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Web site: http://www.copsync.com/
HOLMDEL, N.J., March 20, 2017 /PRNewswire/ -- Vonage , a leading provider of cloud communications for business, will expand upon its vision for the future of business communications through multiple speaking engagements at Enterprise Connect 2017. Vonage was also named a finalist for the Best of Enterprise Connect Award for the Nexmo Voice API. Enterprise Connect takes place March 27-30 at the Gaylord Palms Convention Center in Orlando, FL.
Vonage CEO Alan Masarek will participate in a general session panel entitled "What Role (If Any) Should Cloud Communications Play in Your Enterprise?", which will address the benefits of -- and differences between -- cloud communications and cloud services, and the impact of each for enterprise businesses in the future.
"The evolving needs of today's businesses demand the ability for employees to stay seamlessly connected to each other, the customers they serve, and the applications they use every day on any device, no matter where or how they choose to work," said Mr. Masarek. "To meet these growing needs, the future of cloud communications will not only include solutions for fully integrated, end-to-end business communications, but also the ability to engage with customers in new and more meaningful ways, empowering businesses to strategically compete in their industries.
"Not only does the cloud allow businesses to increase productivity, mobility and scalability, but it also enables them to provide their customers with personalized, contextual and exceptional experience, service and support, at every touchpoint, every time."
Additional Vonage speaking engagements at Enterprise Connect include:
APIs and Embedded Communications: The Wave of the Future?
March 27, 1:00pm - Tony Jamous, President, Nexmo, the Vonage API Platform
Mock RFP: Cloud/Hybrid Cloud Communications Procurement State of the Art
March 27, 2:00pm - Jeff Savage, Vice President, Enterprise
SD-WAN: Why It's the Right Fit for the Cloud Era
March 28, 8:00am - Sanjay Srinivasan, VP & Chief Technology Architect Business Engineering
The Future of Integrated Communications
March 28, 3:00pm - Jeff Savage, Vice President, Enterprise
Where is the UCaaS Industry Headed?
March 29, 2:00pm - Omar Javaid, Chief Product Officer
When to Use Communications APIs - and When Not To
March 29, 3:15pm - Tony Jamous, President, Nexmo, the Vonage API Platform
In addition to lending thought leadership perspective to these panel sessions scheduled throughout the week, Vonage will also host a booth (#418) on the expo show floor, where attendees will have the opportunity to participate in interactive product demos and discussions with the Company's executive team.
The Nexmo Voice API, which was named a finalist for the 2017 Best of Enterprise Connect Award, is the easiest way to build high-quality voice applications in the cloud. Integrated with Vonage's carrier-grade network, which terminates 15 billion minutes of global voice traffic annually to landline and mobile phones, the new Nexmo Voice API provides a higher quality programmable voice experience than what is competitively available in the market today. With the Nexmo Voice API, developers have the ability to effortlessly create modern voice capabilities with open, agile and globally scalable architectures, enabling customized communications solutions to enrich customer conversations and deepen customer relationships.
The winner of the Best of Enterprise Connect Award will be announced during an awards ceremony on Wednesday, March 29.
Vonage is a leading provider of cloud communications services for business. Vonage transforms the way people work and businesses operate through a portfolio of cloud-based communications solutions that enable internal collaboration among employees, while also keeping companies closely connected with their customers, across any mode of communication, on any device.
Nexmo, the Vonage API Platform, provides tools for voice, messaging and phone verification services, allowing developers to embed contextual, programmable communications into mobile apps, websites and business systems, enabling enterprises to easily communicate relevant information to their customers in real time, anywhere in the world, through text messaging, chat, social media and voice.
The Company also provides a robust suite of feature-rich residential communication solutions. In 2015 and 2016, Vonage was named a Visionary in the Gartner Magic Quadrant for Unified Communications as-a-Service, Worldwide. Vonage has also earned Frost & Sullivan's 2015 Growth Excellence Leadership Award for Hosted IP and Unified Communications and Collaboration (UCC) Services and the 2016 North American Cloud Communications Product Line Strategy Leadership Award. For more information, visit www.vonage.com.
Vonage Holdings Corp. is headquartered in Holmdel, New Jersey. Vonage((R)) is a registered trademark of Vonage Marketing LLC, owned by Vonage America Inc. To follow Vonage on Twitter, please visit www.twitter.com/vonage. To become a fan on Facebook, go to www.facebook.com/vonage. To subscribe on YouTube, visit www.youtube.com/vonage.
About Enterprise Connect
For more than 26 years, Enterprise Connect has been the leading conference and exhibition for enterprise IP Telephony, Converged Networks and Unified Communications in North America. Enterprise Connect brings corporate IT decision makers together with the industry's vendors, analysts and consultants to focus on the issues central to enterprise networks and communications. Enterprise Connect owns and produces No Jitter, providing daily blogging and analysis of enterprise communications, and it also serves the community with a weekly email newsletter and a Webinar series. For more information, visit enterpriseconnect.com.
Enterprise Connect is organized by UBM plc. UBM is the largest pure-play B2B Events organizer in the world. Our 3,750+ people, based in more than 20 countries, serve more than 50 different sectors. Our deep knowledge and passion for these sectors allow us to create valuable experiences which enable our customers to succeed. Please visit www.ubm.com for the latest news and information about UBM.
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CONTACT: Santina Stankevich, 732.660.7153, firstname.lastname@example.org;
Investor Contact: Hunter Blankenbaker, 732.444.4926,
Web site: http://www.vonage.com/
HIWATHA, KS, March 20, 2017 /PRNewswire/ - AgJunction, Inc. , a leading provider of innovative hardware and software solutions for precision agriculture, is pleased to announce a new strategic agreement with Hemisphere GNSS, Inc., a world-class provider of global navigation satellite systems (GNSS) technology.
For an undisclosed, one-time payment and a new long-term supply agreement, AgJunction has agreed to release Hemisphere from a license restriction that prevented them from selling their GNSS products directly into the global agricultural market. Supply and market restriction agreements previously created between AgJunction and Hemisphere ended in 2016 while the market restriction agreements continued indefinitely.
The agreement is expected to provide customers a more direct relationship with their GNSS supplier, creating better efficiencies for original equipment manufacturers, value-added resellers and growers alike. This agreement is also consistent with AgJunction's desire to provide its steering customers the ability to choose among several possible GNSS options.
Regarding the agreement, Dave Vaughn, CEO of AgJunction said: "AgJunction is pleased with the signing of this agreement as it will insure our customers, who have chosen Hemisphere's GNSS receivers and antenna technology, direct access and an uninterrupted supply. As a leader in the precision steering machine control business, it is incumbent upon us to provide the GNSS solution our customers prefer, and this agreement does just that."
This agreement does not affect AgJunction's exclusive right to sell certain steering and machine control technology covered by the Company's extensive IP portfolio into the agriculture market.
Hemisphere's President & CEO, Farlin Halsey, stated, "Hemisphere is excited to work more directly with our OEM agriculture partners. This new supply agreement will forge a deeper relationship, providing faster response to sales and support requests and increased customer feedback, resulting in stronger innovation and solutions." Halsey added, "We would also like to thank AgJunction, and look forward to both companies' future success."
Specific terms of the transaction were not disclosed.
Hemisphere GNSS is an innovative technology company that designs and manufactures high-precision positioning products and services for use in OEM/ODM, machine control & guidance, L-band correction services, marine, monitoring, and unmanned systems markets. Hemisphere holds numerous patents and other intellectual property and sells globally with several leading product and technology brands including Athena((TM)), Atlas((R)), Crescent((R)), Eclipse((TM)), and Vector((TM)) for high-precision applications. Hemisphere is based in Scottsdale, AZ, USA, with offices located around the globe, and is part of Beijing UniStrong Science & Technology Co., Ltd. For more information, please visit www.HGNSS.com.
AgJunction (www.agjunction.com) provides innovative hardware and software applications for precision agriculture worldwide. The Company holds more than 140 patents and markets its products and services under leading brand names including Novariant, Outback Guidance((R)) and Satloc((R)). AgJunction is headquartered in Hiawatha, Kansas, with executive offices in Fremont, California, and facilities in Scottsdale, Arizona; Winnipeg, Manitoba; and Brisbane, Queensland, Australia. AgJunction is listed on the Toronto Stock Exchange (TSX) under the symbol "AJX." For more information, please visit www.agjunction.com.
Reader Advisory and Note Regarding Forward Looking Information
This press release contains forward-looking information and forward-looking statements (collectively, "forward-looking information") within the meaning of applicable securities laws and is based on the expectations, estimates and projections of management of AgJunction as of the date of this news release, unless otherwise stated. The use of any of the words "expect," "anticipate," "may," "will," "should," "believe," "intends" and similar expressions are intended to identify forward-looking information. In respect of the forward-looking information, AgJunction has provided such information in reliance on certain assumptions that it believes are reasonable at this time. Readers should not place undue reliance on such forward-looking information contained in this press release since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. This press release is for informational purposes only and does not constitute an offer to sell or a solicitation to buy any security which may be referenced herein.
CONTACT: AgJunction, Michael Manning, CFO, 1-785-742-5149,
MManning@agjunction.com; Investor Relations, Liolios, Cody Slach, Managing
Director, 1-949-574-3860, AJX@liolios.com
COSTA MESA, Calif. and SALT LAKE CITY, March 20, 2017 /PRNewswire/ -- Experian((R)) and Finicity have joined together to make it easier for consumers to apply for a loan, accelerating loan underwriting and broadening loan availability. The new technology also improves accuracy and reduces fraud risk for lenders. Experian's new Digital Verification Solutions will deliver verification of assets and verification of income leveraging Finicity's data aggregation and insight platform. Experian is the first credit bureau to implement this technology, which will give consumers the opportunity to secure mortgages as well as other types of loans with less paperwork and hassle by connecting with financial institutions digitally.
Experience the interactive Multimedia News Release here: https://www.multivu.com/players/English/7785852-experian-finicity-collaboration/
As part of this effort to bring a "frictionless" loan process into the lending marketplace, Finicity is in a pilot with Fannie Mae to become an eligible asset verification report supplier for the DU((R)) validation service, part of Fannie Mae's Day 1 Certainty offerings. Fannie Mae's new Day 1 Certainty initiative is a landmark advancement within mortgage lending in which lenders can validate loan application data including income, assets and employment upfront. The benefits include freedom from representations and warranties, more efficient risk management and a streamlined process.
By digitizing the end-to-end mortgage process, loan approvals that take as long as 70 days, may be approved in as little as 10 days. With Experian's industry-leading credit decisioning and Finicity's account insights technology, consumers can rapidly complete the income and assets verification process through a simple digital experience. Consumers will then permit delivery of appropriate account data, which is pushed to Experian's Decisioning as a Service(SM) hosted platform. This will give lenders the ability to integrate consumers' account data into their credit decisioning processes. As a result, lenders and other service providers will assess a consumer's ability to pay and verify borrower income and assets in a manner compliant with the Fair Credit Reporting Act (FCRA).
In addition, consumers will no longer be burdened by the laborious task of providing paper-based verification documents during loan underwriting. Lenders will receive deeper financial information on prospective customers through real-time access to alternative data on a customer's assets, income and ability to pay.
"Our goal is to make the loan process far easier for consumers and to provide better information for lenders through easy-to-use, fair and transparent digital and mobile experiences," said Alex Lintner, Experian's president of Consumer Information Services. "By working with Finicity, we will deliver more timely detailed information through smooth, safe processes for credit grantors to improve their business and dramatically enhance lending experiences for consumers by using the power of data."
Experian and Finicity's partnership also will benefit the approximately 25 percent of the U.S. population with limited or no credit history, including millennials, who are the largest segment of the workforce and are increasingly applying for loans. While these consumers may have a limited credit history, most consumers have a checking and savings account, as well as other payment obligations such as rent, and utility and phone bills, which can demonstrate they are capable of repaying a loan.
"Together with Experian, we're reimagining the way the financial industry views credit decisioning, while also broadening credit inclusion for consumers," said Steve Smith, CEO of Finicity. "Digitizing the credit decisioning process will improve the experience for lenders and borrowers while enabling further innovation in the lending space."
To learn more about how lenders can bring financial data aggregation into the mainstream please join Experian and Finicity for a 60-minute webinar on March 23. Additionally, to find out more about the Experian and Finicity collaboration, visit http://www.experian.com/consumer-information/account-aggregation-solutions.html.
Finicity enables a financial data-sharing ecosystem that is secure, inclusive and innovative. Through its real-time financial data aggregation and insights platform, Finicity provides solutions for financial management, payments and credit decisioning. It also is leading the development and promotion of industry standards. The company has developed more than 16,000 bank integrations with the vast majority through connections which provide access to formatted bank data, improving information access and accuracy. Finicity is the winner of API World's 2016 Finance API of the Year. To learn more and test-run the rock-solid API today, visit http://www.finicity.com/.
Experian(R) is the world's leading global information services company. During life's big moments -- from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers -- we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organizations to prevent identity fraud and crime.
We have 17,000 people operating across 37 countries and every day we're investing in new technologies, talented people and innovation to help all our clients maximize every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index. Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the company.
Experian and the Experian marks used herein are trademarks or registered trademarks of Experian Information Solutions, Inc. Other product and company names mentioned herein are the property of their respective owners.
Contacts: Kristine Snyder Andy Capener Experian Public Relations Finicity VP of Marketing 1 714 830 5192 1 978 621 9424 email@example.com firstname.lastname@example.org
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Web site: http://www.experian.com/