SINGAPORE, March 21, 2017 /PRNewswire/ --
Kenon Holdings Ltd. ("Kenon") is providing the following updates with respect to changes to its board of directors and the executive management of Qoros Automobile Co., Ltd. ("Qoros").
Changes to Kenon's Board of Directors
Mr. Kenneth Cambie has notified the board of directors of Kenon of his resignation as a director of Kenon. Mr. Cambie had served as the chairman of the board. The board of directors would like to thank Mr. Cambie for his service to Kenon.
Mr. Cyril Pierre-Jean Ducau, who currently serves as a director of Kenon, has been appointed to serve as the chairman of the board of Kenon.
Changes to Qoros' Executive Management
The Board of Directors of Qoros has appointed Mr. Leon Liu, who currently is the Chief Operating Officer of Qoros, to serve as the Chief Executive Officer of Qoros.
Kenon is a holding company that operates dynamic, primarily growth-oriented businesses. The companies it owns, in whole or in part, are at various stages of development, ranging from established, cash-generating businesses to early stage companies. Kenon's businesses consist of:
- IC Power (100% interest) a leading owner, developer and operator of power generation and distribution facilities in the Latin American, Caribbean and Israeli power markets;
-Qoros (50% interest) - a China-based automotive company;
-ZIM (32% interest) - an international shipping company; and
- Primus Green Energy, Inc. (91% interest) - an early stage developer of alternative fuel technology.
Kenon's primary focus is to grow and develop its primary businesses, IC Power and Qoros. Following the growth and development of its primary businesses, Kenon intends to provide its shareholders with direct access to these businesses, when we believe it is in the best interests of its shareholders for it to do so based on factors specific to each business, market conditions and other relevant information. Kenon intends to support the development of its non-primary businesses, and to act to realize their value for its shareholders by distributing its interests in its non-primary businesses to its shareholders or selling its interests in its non-primary businesses, rationally and expeditiously. For further information on Kenon's businesses and strategy, see Kenon's publicly available filings, which can be found on the SEC's website at http://www.sec.gov. Please also see http://www.kenon-holdings.com for additional information.
Kenon Holdings Ltd. Barak Cohen VP Business Development and IR email@example.com Tel: +65-6351-1780 External Investor Relations Ehud Helft / Kenny Green GK Investor Relations firstname.lastname@example.org Tel: +1-646-201-9246 Jonathan Fisch Director, Investor Relations email@example.com Tel: +1-917-891-9855
Kenon Holdings Ltd.
NEW YORK, March 21, 2017 /PRNewswire/ -- China Sun Group, Inc. , is a Delaware corporation involved in in the production of cobaltosic oxide and lithium cobalt oxide, both anode materials for lithium ion batteries. CSGH was de-listed from the NASDAQ in 2012 after it stopped reporting to the Securities & Exchange Commission ("SEC").
Certain shareholders have spoken with Robert W. Seiden, Esq. in New York to represent a group of shareholders to enforce the rights of the U.S. shareholders for acts detrimental to the investors including failure to report to the SEC in order to get a possible return of capital to the investors.
If you are a current shareholder of CSGH and interested in information to consider joining in the case, please email Nathaniel Francis at the email: firstname.lastname@example.org or call 212.626.6709 by April 4, 2017. You can also register on the website www.confidentialglobal.com under "Join Receivership Case".
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-seiden-group-announces-us-shareholders-formation-of-a-group-to-recover-investor-funds-through-a-possible-receivership-over-china-based-china-sun-group-ticker-csgh-300427368.htmlThe Seiden Group
NEW YORK, March 21, 2017 /PRNewswire/ -- Trans-Lux Corporation ("Trans-Lux" or the "Company"), a leading supplier of Digital Displays and next generation LED lighting, yesterday reported improved financial results for both the fourth quarter and the year ended December 31, 2016. Trans-Lux President, Chief Executive Officer and Chief Accounting Officer J.M. Allain made the announcement while also stating that both the fourth quarter and the year had positive EBITDA.
Year Ended December 31, 2016
Revenues for 2016 totaled $21.2 million, down 10.1% from $23.6 million for 2015. Loss for the year ended December 31, 2016 was $611,000 (loss of $0.47 per share), compared with a loss of $1.7 million (loss of $1.06 per share) in 2015. The Company had EBITDA of $1.5 million for the year ended December 31, 2016, compared with EBITDA of $1.0 million for 2015. Despite the lower revenues, both gross profit and gross margin were higher in 2016. Lower selling, general and administrative expenses also contributed to the improved operating results and increased EBITDA. The Company's audited consolidated financial statements for the fiscal year ended December 31, 2016 will be included in the Company's Annual Report on Form 10-K, which will be filed with the Securities and Exchange Commission later this week.
Fourth Quarter 2016
Revenues for the fourth quarter of 2016 totaled $5.7 million, compared with $5.0 million for the fourth quarter of 2015. Trans-Lux recorded income for the fourth quarter of 2016 of $284,000 ($0.14 per share), compared to a loss of $659,000 (loss of $0.41 per share) in the fourth quarter of 2015. The Company had EBITDA of $892,000 for the quarter ended December 31, 2016, compared with EBITDA of $22,000 for the same period in 2015. As with the full year, improved gross margins and lower selling, general and administrative expenses were the primary reasons for the improved operating results and increased EBIDTA in the fourth quarter.
For more information, email email@example.com or visit www.trans-lux.com.
Trans-Lux Corporation is a leading designer and manufacturer of TL Vision digital video displays and TL Energy LED lighting solutions for the financial, sports and entertainment, gaming, education, government, and commercial markets. With a comprehensive offering of LED Large Screen Systems, LCD Flat Panel Displays, Data Walls and scoreboards (marketed under Fair-Play by Trans-Lux), Trans-Lux delivers comprehensive video display solutions for any size venue's indoor and outdoor display needs. TL Energy enables organizations to greatly reduce energy related costs with green lighting solutions. For more information please visit www.Trans-Lux.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements such as "will," "believe," "are projected to be" and similar expressions are statements regarding future events or the future performance of Trans-Lux Corporation, and include statements regarding projected operating results. These forward-looking statements are based on current expectations, forecasts and assumptions and involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated by these forward-looking statements.
TRANS-LUX CORPORATION RESULTS OF OPERATIONS (Unaudited) THREE MONTHS ENDED YEAR ENDED DECEMBER 31 DECEMBER 31 (In thousands, except per share data) 2016 2015 2016 2015 ----------- ---- ---- ---- ---- Revenues $5,725 $5,007 $21,191 $23,567 ------ ------ ------- ------- Net income (loss) $284 $(659) $(611) $(1,749) ---- ----- ----- ------- Calculation of EBITDA: Net income (loss) $284 $(659) $(611) $(1,749) Interest expense, net 168 96 374 306 Income tax expense (benefit) - 15 (66) 23 Depreciation and amortization 440 570 1,774 2,444 --- --- ----- ----- Total EBITDA 892 22 1,471 1,024 === === ===== ===== Income (loss) per share - basic and diluted (A) $0.14 $(0.41) $(0.47) $(1.06) ----- ------ ------ ------ Average common shares outstanding -basic and diluted 1,711 1,676 1,711 1,674 ------------ ----- ----- ----- -----
(A) The calculation of Income (loss) per share -basic and diluted takes into account the dividends related to the Series B Preferred Stock of $49,000 and $198,000 in the three months and year ended December 31, 2016, respectively, and $23,000 for the three months and year ended December 31, 2015.
Certain Non-GAAP Financial Information: In addition to disclosing results that are determined in accordance with Generally Accepted Accounting Principles in the United States of America ("US GAAP"), the Company has provided EBITDA excluding (i) interest expense; (ii) provision for income taxes and (iii) depreciation and amortization expense. The Company believes that EBITDA is useful to investors to assist in assessing and understanding the Company's operating performance and underlying trends in the Company's business because EBITDA is (i) among the measures used by management in evaluating performance and (ii) is frequently used by securities analysts, investors and other interested parties as a common performance measure. EBITDA is not a recognized term under US GAAP and should not be viewed as an alternative to net income (loss) or other measures of financial performance or liquidity in conformity with US GAAP. Additionally, our definition of EBITDA may differ from other companies. Analysis of results and outlook on a non-US GAAP basis should be used as a complement to, and in conjunction with, data presented in accordance with US GAAP.
President, CEO & CAO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/trans-lux-reports-improved-results-and-positive-ebidta-300427177.htmlTrans-Lux Corporation
Web site: http://www.trans-lux.com/
NEW YORK, March 21, 2017 /PRNewswire/ -- As machine intelligence becomes more integrated into the practice of law, legal professionals must be prepared to adapt to these new technologies and assess their impact, states Ben Snipes, Product Line Director of Tax at Wolters Kluwer Legal & Regulatory U.S. Ben Snipes will present a talk on this subject at Evolve Law's event entitled, "Bridging the Technology Gap in Law."
For Ben's Darwin Talk at this event, he will present, "Having the Answer without Knowing Why: Practicing Law in the Age of Machine Intelligence." He will discuss the impact of machine intelligence on different areas of law, how different courts have dealt with these impacts, and how these precedents provide a model for using machine intelligence in other areas of law.
The Evolve Law event will bring together legal professionals and technology providers to discuss best practices for integrating technology into law practices and legal departments, and finding new solutions for practice management, document automation, client relationship management and more.
"Technology is beginning to blend into the practice of law at many levels," said Snipes. "As these technologies evolve, lawyers will need to adapt to machine learning tools and use them to maintain standards of efficiency and accuracy."
To learn more about Evolve Law's event "Bridging the Technology Gap in Law," visit:
About Wolters Kluwer Legal & Regulatory U.S.
Wolters Kluwer Legal & Regulatory U.S. is a part of Wolters Kluwer N.V. , a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.
Wolters Kluwer reported 2016 annual revenues of EUR4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.
For more information about Wolters Kluwer Legal & Regulatory U.S., visit www.WoltersKluwerLR.com, follow us on Facebook, Twitter and LinkedIn.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/wolters-kluwer-presents-on-practicing-law-in-the-age-of-machine-intelligence-at-evolve-law-event-300427425.htmlPhoto: https://mma.prnewswire.com/media/466664/Wolters_Kluwer_Logo.jpg Wolters Kluwer Legal & Regulatory U.S.
CONTACT: Linda Gharib, Director, Communications, Wolters Kluwer Legal &
Regulatory U.S., Tel: +1 (646) 887-7962, Email:
Web site: http://www.wolterskluwerlr.com/
HOUSTON, March 21, 2017 /PRNewswire-USNewswire/ -- CARBO Ceramics Inc. announced today that its management will present at the Scotia Howard Weil 2017 Energy Conference, being held at The Roosevelt Hotel in New Orleans, Louisiana, on March 26-29, 2017. Gary Kolstad, Chief Executive Officer and President of CARBO, is scheduled to present on March 28, 2017, at 3:20 p.m. Central Time.
Logo - http://photos.prnewswire.com/prnh/20120503/MM00528LOGO
A copy of the investor presentation will be available on the Company's website at www.carboceramics.com. Investors interested in attending the conference should contact their Scotia Howard Weil sales representative, or contact Scotia Howard Weil at 504-582-2500.
CARBO is a global technology company that provides products and services to the oil and gas and industrial markets to enhance value for its clients.
CARBO Oilfield Technologies - is a global leader that provides engineered solutions in its Design, Build, and Optimize the Frac(R) technology businesses, delivering important value to E&P operators by increasing well production and EUR. Oilfield Technologies is the world's largest producer of high quality ceramic proppant, provides one of the industry's most widely used fracture simulation software, has proprietary technology that provides fracture diagnostics and production assurance, and offers consulting services for fracture design and completion optimization. The Company also provides a range of technology solutions for spill prevention and containment.
Its products and services are sold to operators of oil and natural gas wells and to oilfield service companies for use in the hydraulic fracturing of natural gas and oil wells.
CARBO Industrial Technologies - is a leading provider of high-performance industrial ceramic media products that are engineered to increase process efficiency, improve end-product quality and reduce operating costs.
Its products and services are primarily sold to industrial companies that work in manufacturing and mineral processing.
For more information, please visit www.carboceramics.com.
Mark Thomas, Director, Investor Relations
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/carbo-presenting-at-scotia-howard-weil-2017-energy-conference-300427359.htmlPhoto: http://photos.prnewswire.com/prnh/20120503/MM00528LOGO CARBO Ceramics Inc.
Web site: http://www.carboceramics.com/
THALWIL, Switzerland, March 21, 2017 /PRNewswire/ --
Today, u-blox Holding AG (SIX Swiss Exchange: UBXN) successfully raised CHF 60 million debt through the issuance of a fixed rate domestic straight bond. The bonds bear a 1.375% coupon and have a duration of 6 years (final maturity April 18, 2023). Expected payment date of the bonds is April 18, 2017. A request for provisional admission for the listing of the bond as of April 12, 2017 at SIX Swiss Exchange is being submitted.
(Logo: http://photos.prnewswire.com/prnh/20150826/261282LOGO )
The net proceeds of the issue will increase u-blox's financial flexibility and are used for general corporate purposes.
The bonds were placed with institutional and private investors in Switzerland under the lead management of Credit Suisse AG and with Zuercher Kantonalbank acting as a co-manager.
Swiss u-blox (SIX:UBXN) is a global leader in wireless and positioning modules and chips for the automotive, industrial and consumer markets. u-blox's solutions enable people, vehicles and machines to locate their exact position and communicate wirelessly over cellular and short range networks. With a broad portfolio of chips, modules and software solutions, u-blox is uniquely positioned to empower OEMs to develop innovative solutions for the Internet of Things, quickly and cost-effectively. With headquarters in Thalwil, Switzerland, u-blox is globally present with offices in Europe, Asia, and the USA.
This release contains certain forward-looking statements. Such forward-looking statements reflect the current views of management and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the u-blox Group to differ materially from those expressed or implied. These include risks related to the success of and demand for the Group's products, the potential for the Group's products to become obsolete, the Group's ability to defend its intellectual property, the Group's ability to develop and commercialize new products in a timely manner, the dynamic and competitive environment in which the Group operates, the regulatory environment, changes in currency exchange rates, the Group's ability to generate revenues and profitability, and the Group's ability to realize its expansion projects in a timely manner. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this report. u-blox is providing the information in this release as of this date and does not undertake any obligation to update any forward-looking statements contained in it as a result of new information, future events or otherwise.
This press release is published in German and English. Should the German translation differ from the English original, the English version is binding.
u-blox contacts Thomas Seiler, Chief Executive Officer Phone: +41-44-722-74-22 E-mail: firstname.lastname@example.org Roland Jud, Chief Financial Officer Phone: +41-44-722-74-25 E-mail: email@example.com
Photo: http://photos.prnewswire.com/prnh/20150826/261282LOGOPhoto: http://photos.prnewswire.com/prnh/20150826/261282LOGO u-blox
ANAHEIM, Calif. and SAN FRANCISCO, March 21, 2017 /PRNewswire/ -- The Los Angeles Angels today announced a multi-year agreement with StubHub, designating the company as the official ticket resale marketplace of the Los Angeles Angels. The agreement enables StubHub to offer Angels fans a fully integrated ticketing solution and provide a seamless user experience.
"Our commitment to our fans is providing them with the best option to purchase verified secondary market tickets to Angels games," said John Carpino, Angels Baseball President. "StubHub provides our fans a best-in-class experience."
With Angels tickets fully integrated with the StubHub platform, all Angels season seat holders and single-game ticket buyers can resell and purchase tickets with confidence and ease with the Angels' safest and most secure way to transmit tickets. In addition to the ticketing integration, StubHub's industry-leading technology also provides tools for customers, including pricing guidance for sellers and panoramic 360-degree virtual view-from-seats for buyers.
"We are thrilled to officially reunite with the Angels and its fans and expand our MLB club partnerships under our agreement with MLBAM," said StubHub General Manager, North America, Perkins Miller. "With this partnership and integration, Angels fans will not only enjoy the most trusted fan protection in the industry, but also a ticketing experience rooted in ease and innovation that offers a superior mobile ticketing platform."
All Angels tickets will be delivered as mobile tickets, available on both iOS and Android devices. Customers can post hard stock tickets for sale; upon being sold, those tickets will be converted to mobile format, and fans will use their smartphones for entry into the stadium.
Through its partnership with the Los Angeles Angels, StubHub will receive full marketing and sponsorship benefits, including in-stadium signage, marketing assets and integration with Angels season seat holder accounts on angels.com, allowing season seat holders to post their Angels tickets for sale on StubHub with ease.
About the Angels
The Los Angeles Angels joined Major League Baseball as an expansion team in 1961 and have since gone on to win 10 American League Western Division Championships, host three All-Star games and capture the 2002 World Series Championship. Over its 56-year history, the franchise also boasts four MVP's, two Cy Young winners, two Rookie of the Year winners, 35 Rawlings Gold Glove winners and 153 All-Stars. Visit the Angels online at www.Angels.com, follow on Twitter @Angels and like on Facebook at www.facebook.com/Angels. For media information, visit www.angelspressbox.com.
At StubHub, our mission is simple: help fans find fun. We connect fans with their favorite teams, shows and artists and introduce them to the ones they'll love next. As the largest ticket marketplace in the world, we enable fans to buy and sell tickets to tens of thousands of events, whenever they want, through our desktop and mobile experiences, including our StubHub app for iPhone, iPad, Apple Watch and Android. Offering a superior fan experience at its core, StubHub reinvented the ticket resale market in 2000 and continues to lead it through innovation. Our industry firsts include the introduction of the first ticketing application, the first interactive seat mapping tool and the first live entertainment rewards program, Fan Rewards(TM). Our business partners include more than 130 properties and teams in MLB, NBA, NHL, MLS and NCAA, plus AEG, AXS and Spectra Ticketing & Fan Engagement. With the acquisition of Ticketbis in August 2016, throughout the world, StubHub provides the total end-to-end event going experience. StubHub is an eBay company . For more information on StubHub, visit StubHub.com or follow @StubHub on Twitter, Facebook and Instagram or YouTube.com/StubHub.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-los-angeles-angels-reach-agreement-with-stubhub-to-become-the-clubs-official-ticket-resale-marketplace-300427117.htmlPhoto: https://mma.prnewswire.com/media/473308/StubHub_Logo.jpg StubHub
CONTACT: Alison Salcedo / StubHub Communications / firstname.lastname@example.org;
or Tim Mead / Angels PR / email@example.com
Web site: http://www.stubhub.com/
SAN JOSE, Calif., March 21, 2017 /PRNewswire/ -- Monolithic Power Systems, Inc. (MPS) , a leading company in high-performance analog solutions, today announced its launch of two new high-voltage analog switch ICs, the MP4816A and MP4816, for medical ultrasound imaging applications.
Our 180V, 16-channel, analog switches can pass or block transmit signals of up to 90V and require no high-voltage supplies. Because other legacy solutions require one positive and one negative high-voltage supply, eliminating these two supplies would significantly simplify the power supply design and lowers power dissipation. Support circuitry, such as power up/down sequencers, are also eliminated. These new ICs will reduce the size and cost and increase reliability of the system.
As the medical ultrasound market trend increases the number of piezoelectric transducers in the probe head, the MP4816A and MP4816 become ideal solutions by eliminating any safety concerns with high-voltage DC lines on the cables.
Both the MP4816A and MP4816 output switches are configured as sixteen single-pole, single-throw (SPST) analog switches controlled by a 16-bit serial shift register with parallel latches. Typical output switch resistance is only 12.5 to minimize signal attenuation and thereby maximize image quality. The MP4816A has an integrated output bleed resistor, whereas the MP4816 does not. Both parts are available in 48-pin TQFP packages. Samples are available now.
About Monolithic Power Systems
Monolithic Power Systems, Inc. (MPS) provides small, highly energy efficient, easy-to-use power solutions for systems found in industrial applications, telecom infrastructures, cloud computing, automotive, and consumer applications. MPS' mission is to reduce total energy consumption in its customers' systems with green, practical, compact solutions. The company was founded by Michael Hsing in 1997 and is headquartered in San Jose, CA. MPS can be contacted through its website at monolithicpower.com or its support offices around the world.
Monolithic Power Systems, MPS, and the MPS logo are registered trademarks of Monolithic Power Systems, Inc. in the U.S. and trademarked in certain other countries.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mps-launched-180v-16-channel-analog-switch-multiplexer-for-ultrasound-applications-that-requires-no-high-voltage-supplies-300427205.htmlMonolithic Power Systems, Inc.
CONTACT: Jimes Lei, Director of Applications Ultrasound, Automotive, &
Industrial Products, Monolithic Power Systems, Inc., 408 826-0617,
Web site: http://www.monolithicpower.com/
LOS ANGELES, March 21, 2017 /CNW/ - INNOVA Gaming Group Inc. ("INNOVA" or the "Company") confirmed today that it will release its financial statements for the three and 12-month periods ending December 31, 2016 and the accompanying management's discussion and analysis at 6:30 a.m. (Eastern time) on Thursday, March 23, 2017.
The board of directors of the Company has, however, decided to cancel the conference call originally scheduled to be held at 10:00 a.m. (Eastern time) on Thursday, March 23, 2017 to discuss INNOVA's financial results for the fourth quarter and the full financial year ending on December 31, 2016. This conference call has been cancelled while the special committee of independent directors of the Company continues its review of the unsolicited proposal received from Pollard Banknote Limited ("Pollard Banknote") to acquire all of the common shares of INNOVA for cash consideration of $2.10 per share (the "Pollard Proposal") and its consideration of any strategic alternatives to the Pollard Proposal that might be available to the Company.
INNOVA's largest shareholder, Amaya Inc. ("Amaya"), has entered into a support agreement (the "Support Agreement") with Pollard Banknote that sets out the terms and conditions pursuant to which Amaya is prepared to support the Pollard Proposal. Amaya has the right to terminate the Support Agreement and withdraw its support for the Pollard Proposal in the event that a superior offer is made for the Company's common shares that Pollard Banknote does not match within five business days. For additional details on the Pollard Proposal and the terms of the Support Agreement, please refer to the news release issued by INNOVA on March 10, 2017.
There can be no assurance that the Pollard Proposal or any strategic alternatives to the Pollard Proposal that might be available to the Company will result in a formal take-over bid or offer for the common shares of INNOVA or that any such take-over bid or offer will ultimately result in a completed transaction. INNOVA's shareholders do not need to take any action with respect to the Pollard Proposal at this time. The Company intends to continue provide updates if and when necessary in accordance with applicable securities laws.
About INNOVA Gaming Group Inc.
INNOVA develops unique games and products for the global gaming industry, with particular focus on state and provincial lotteries. Through INNOVA's wholly-owned subsidiary, Diamond Game Enterprises, the Company focuses on enhancing the revenues of government-sponsored lotteries and other regulated operators by offering its unique "extended play" products in traditional and non-traditional gaming venues. The Company's primary product is its third generation Lucky Tab machine, an instant ticket vending machine that dispenses tickets while simultaneously displaying the results of each ticket on a video monitor in an entertaining fashion. For more information, please visit www.innovagaminggroup.com.
Certain statements made and information included in this press release may constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic, regulatory and competitive uncertainties, contingencies and risks that could cause actual results or events to differ materially from those expressed or implied in such statements. Investors are cautioned not to put undue reliance on forward-looking statements. The forward-looking statements contained herein reflect INNOVA's current views with respect to future events, and except as required by law, the Company does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events, or otherwise.INNOVA Gaming Group
CONTACT: Jonathan Ross, CFA, LodeRock Advisors, INNOVA Investor Relations,
firstname.lastname@example.org, Tel: (416) 283-0178; Omar Murad, Senior
Vice-President, Mergers & Acquisitions, Raymond James Ltd., financial
advisors to the special committee of the board of directors of INNOVA,
email@example.com, Tel: (416) 777-7014
ALISO VIEJO, Calif., March 21, 2017 /PRNewswire/ -- Microsemi Corporation , a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today announced the planned closure of its manufacturing facility in China. Focused on lower value discrete solutions, the devices manufactured at the facility are not aligned with Microsemi's strategic direction, and company resources will be invested elsewhere in higher value, higher growth products and end markets. Customers have been notified and the process of closure is under way. No material impact on earnings for the company is expected due to this closure.
Microsemi Corporation offers a comprehensive portfolio of semiconductor and system solutions for aerospace & defense, communications, data center and industrial markets. Products include high-performance and radiation-hardened analog mixed-signal integrated circuits, FPGAs, SoCs and ASICs; power management products; timing and synchronization devices and precise time solutions, setting the world's standard for time; voice processing devices; RF solutions; discrete components; enterprise storage and communication solutions, security technologies and scalable anti-tamper products; Ethernet solutions; Power-over-Ethernet ICs and midspans; as well as custom design capabilities and services. Microsemi is headquartered in Aliso Viejo, California, and has approximately 4,800 employees globally. Learn more at www.microsemi.com.
Microsemi and the Microsemi logo are registered trademarks or service marks of Microsemi Corporation and/or its affiliates. Third-party trademarks and service marks mentioned herein are the property of their respective owners.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation statements concerning Microsemi's planned closure of its manufacturing facility in China, the investment of company resources elsewhere in higher value, higher growth products and end markets, and the expected impact on earnings, are forward-looking statements. These forward-looking statements are based on our current expectations and are inherently subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. The potential risks and uncertainties include, but are not limited to, such factors as rapidly changing technology and product obsolescence, potential cost increases, variations in customer order preferences, weakness or competitive pricing environment of the marketplace, uncertain demand for and acceptance of the company's products, adverse circumstances in any of our end markets, results of in-process or planned development or marketing and promotional campaigns, difficulties foreseeing future demand, potential non-realization of expected orders or non-realization of backlog, product returns, product liability, and other potential unexpected business and economic conditions or adverse changes in current or expected industry conditions, difficulties and costs of protecting patents and other proprietary rights, inventory obsolescence and difficulties regarding customer qualification of products. In addition to these factors and any other factors mentioned elsewhere in this news release, the reader should refer as well to the factors, uncertainties or risks identified in the company's most recent Form 10-K and all subsequent Form 10-Q reports filed by Microsemi with the SEC. Additional risk factors may be identified from time to time in Microsemi's future filings. The forward-looking statements included in this release speak only as of the date hereof, and Microsemi does not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/microsemi-to-close-china-manufacturing-facility-300427180.htmlPhoto: https://mma.prnewswire.com/media/74808/microsemi_corporation_logo.jpg Microsemi Corporation
CONTACT: Financial Contact: John W. Hohener, Executive Vice President and
CFO, 949-380-6100 or Investor Contact: Robert C. Adams, Senior Vice
President Corporate Development, 949-380-6100
Web site: http://www.microsemi.com/
HOUSTON, March 21, 2017 /PRNewswire/ -- CS Disco, the Houston-based eDiscovery software company which develops software as a service (SaaS) solutions developed by lawyers for lawyers, today announced the closing of a new debt refinancing and expansion with Comerica Bank's Technology and Life Sciences (TLS) Division.
"CS Disco is reinventing legal technology to automate and simplify complex tasks that create efficiencies and reduce errors at law firms," said Tim Klitch, Managing Director, Comerica Bank, TLS Division. "We're thrilled to provide the financing they need to continue on their path to rapid growth."
CS Disco raised a large Series C round last July and sought expanded financing facilities to meet the growing demand for the software. DISCO has been embraced by more than 400 law firms, including 60 of the top AmLaw 200, as their first choice for innovative technologies that enhance the practice of law to help secure justice and win cases. DISCO's industry leading eDiscovery software is an example, and it is the fastest growing eDiscovery solution in North America.
"Comerica's commitment to the SaaS market is evidenced by not only their understanding of the challenges facing companies like ours but also their willingness to provide financing options that enable us to invest in industry leading technology," said Gregory McCracken, CFA, CPA, CS Disco. "Comerica is truly the perfect banking partner for us."
About Comerica Bank's Technology and Life Sciences Division
Comerica Bank's Technology and Life Sciences Division (TLS) is one of the nation's leading technology banking practices, offering a wide range of financial services tailored to corporate customers, entrepreneurs and professionals. Veteran bankers provide credit and financial services and products to young, growing, venture backed technology and life sciences companies, as well as their more mature counterparts. The TLS Division serves all major U.S. technology centers from offices coast-to-coast and its headquarters in Palo Alto, California as well as an office in Toronto, Canada. Comerica Bank is a subsidiary of Comerica Incorporated , a financial services company that is among the 25 largest U.S. financial holding companies. For more information, visit www.comerica.com. To find Comerica on Facebook, please visit www.facebook.com/Comerica. Follow us on Twitter: @ComericaCares.
CS Disco Inc. makes the best legal technology in the world. Since the introduction of its eDiscovery solution in 2013, DISCO has become the first choice for innovative legal technology at more than 400 law firms, enterprises, and government units, including over 60 of the AmLaw 200. DISCO's eDiscovery solution lets lawyers find evidence up to 10x faster, even at a multi-terabyte scale. Visit our website at www.csdisco.com and take a self-guided tour.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/cs-disco-secures-new-debt-refinancing-and-expansion-with-comerica-bank-300427073.htmlPhoto: https://mma.prnewswire.com/media/73848/comerica_bank_logo.jpg Comerica Bank
CONTACT: Gregory McCracken, CFA, CPA, CS Disco, 713-231-9100,
firstname.lastname@example.org; or Susan Siravo, Corporate Communications, Comerica
Bank, 916-491-1329, email@example.com
Web site: http://www.comerica.com/
SMITHFIELD, R.I., March 21, 2017 /PRNewswire/ -- Honeywell today announced that four of its safety products have won 2017 iF Design Awards in recognition of their outstanding innovation and user-focused design.
An independent jury of 58 design experts selected Honeywell Industrial Safety's BW Clip4 portable gas detector, the Sensepoint XCL and XRL fixed gas detectors and the Honeywell Mad Air respirator for 2017 product design awards as part of the iF International Forum (iF) Design competition.
The Honeywell products, from among a field of more than 5,500 entries from 59 countries, won based on their innovation, usability, ergonomic design and design quality, as well as aesthetic and emotional appeal.
"Developing innovative new products has long been Honeywell's strength, but these prestigious awards show that our product design is also world-class," said John Montigny, president, Honeywell Industrial Safety, a global leader in safety technology and personal protective equipment. "These products help address real-world safety issues faced by customers, whether in a commercial, industrial or consumer setting."
The iF Design Award is among the most prestigious and largest design competitions in the world. Held annually since 1953, the competition attracts thousands of entries to select the world's best products for their exceptional design.
"The strength of these products is that they were all designed with a clear understanding of the challenges faced by the people who use them," said Rob Strong, head of design for Honeywell Safety and Productivity Solutions (SPS). "Our commitment to using Honeywell User Experience design principles - which put customer problems at the center of the design process -- is helping us deliver new products that showcase innovation, design elegance and ease-of-use."
Winning products from Honeywell Industrial Safety are:
BW Clip4 - a portable multi-gas detector for workers in extreme environments; designed to be low-maintenance and work continuously for up to two years; features a simplified user interface.
Sensepoint XCL - available in April, a smart gas detector that monitors for hazardous gases; designed for a broad range of commercial facilities, which can be set up, maintained and managed with a smartphone and downloadable app.
Sensepoint XRL - available in May, offers the same functionality and ease-of-use as the XCL but features a more rugged design for use in industrial facilities.
Mad Air Respirator - available in June in China, this smart electronic dust mask has a sensor and active air supply fan to adjust air volume to a user's breathing pattern.
Honeywell Industrial Safety, part of the company's Safety and Productivity Solutions group, is an industry leader in safety and personal protective equipment to help organizations manage workplace safety. Its broad product portfolio includes personal protection gear for a worker's eyes, ears, head and hands, respiratory protection, first responder gear, gas monitoring detectors and fall protection solutions.
Honeywell (www.honeywell.com) is a Fortune 100 software-industrial company that delivers industry specific solutions that include aerospace and automotive products and services; control technologies for buildings, homes, and industry; and performance materials globally. Our technologies help everything from aircraft, cars, homes and buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
Honeywell Safety and Productivity Solutions (SPS) provides products, software and connected solutions that improve productivity, workplace safety and asset performance for our customers across the globe. We deliver on this promise through industry-leading mobile devices, software, cloud technology and automation solutions, the broadest range of personal protective equipment and gas detection technology, and custom-engineered sensors, switches and controls. We also manufacture and sell a broad portfolio of footwear for work, play and outdoor activities, including XtraTuf((TM)) and Muck Boot((TM)) brand footwear.
(952) 334-4337 (mobile)
(763) 954-6070 (direct)
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/four-new-honeywell-safety-products-win-prestigious-if-design-awards-for-innovation-user-design-300426578.htmlHoneywell
Web site: http://www.honeywell.com/
WORCESTER, Mass., March 21, 2017 /PRNewswire/ -- The Hanover Insurance Group, Inc. recently introduced HanoverProRisk, an online portal featuring risk management tools tailored to the specific needs of the professional liability industry. Demonstrating The Hanover's continued commitment to the specialty market, HanoverProRisk offers articles, templates, risk bulletins and seminars focused on the needs of agents and customers.
With the increasing number and complexity of risks facing many small and midsized businesses, risk management has become more challenging. HanoverProRisk offers the most important risk management resources on an easy-to-use site, organized by business type. HanoverProRisk ensures agents and policyholders are receiving the most relevant tools and resources necessary to help protect against risk and reduce the chance of loss.
"We understand how critical the right information can be to preventing and managing risk, both for our agents and policyholders," said Greg Leffard, president, Hanover professional. "This portal is a true differentiator for our company, offering support to customers of all types and sizes, while others often restrict these services to larger accounts."
HanoverProRisk features many resources, at no additional cost to The Hanover's policyholders, including:
-- Risk management webinars and seminars focused on professional liability for businesses -- Contact information for the company's risk management hotline -- Risk bulletins on emerging exposures, such as social engineering schemes, claims trends studies and best practices to limit exposures -- Articles, guides and checklists -- Sample engagement letters
Policyholders can learn more about the portal at HanoverProRisk.com. Agent partners of The Hanover can access the portal through TAP. For more information about The Hanover and the company's business insurance offerings, please visit hanover.com.
ABOUT THE HANOVER
The Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States. For more than 160 years, The Hanover has provided a wide range of property and casualty products and services to individuals, families, and businesses. The Hanover distributes its products through a select group of independent agents and brokers. Together with its agents, the company offers specialized coverages for small and mid-sized businesses, as well as insurance protection for homes, automobiles, and other personal items. Through its international member company, Chaucer, The Hanover also underwrites business at Lloyd's of London in several major insurance and reinsurance classes, including marine, property and energy. For more information, please visit hanover.com.
CONTACTS: Emily P. Trevallion Abby M. Clark firstname.lastname@example.org email@example.com 508-855-3263 508-855-3549
All products are underwritten by The Hanover Insurance Company or one of its insurance company subsidiaries or affiliates ("The Hanover"). Coverage may not be available in all jurisdictions and is subject to the company underwriting guidelines and the issued policy. This material is provided for informational purposes only and does not provide any coverage. For more information about The Hanover visit our website at www.hanover.com.
The recommendation(s), advice and contents of this material are provided for informational purposes only and do not purport to address every possible legal obligation, hazard, code violation, loss potential or exception to good practice. The Hanover Insurance Company and its affiliates and subsidiaries ("The Hanover") specifically disclaim any warranty or representation that acceptance of any recommendations or advice contained herein will make any premises, property or operation safe or in compliance with any law or regulation. Under no circumstances should this material or your acceptance of any recommendations or advice contained herein be construed as establishing the existence or availability of any insurance coverage with The Hanover. By providing this information to you, The Hanover does not assume (and specifically disclaims) any duty, undertaking or responsibility to you. The decision to accept or implement any recommendation(s) or advice contained in this material must be made by you.
(C)2017 The Hanover Insurance Group, Inc. All Rights Reserved.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-hanover-launches-professional-liability-risk-management-portal-300427058.htmlPhoto: https://mma.prnewswire.com/media/118116/the_hanover_insurance_group__inc__logo.jpg The Hanover Insurance Group, Inc.
Web site: http://www.hanover.com/
OTTAWA, March 21, 2017 /CNW/ - Payments Canada has selected global consulting firm Accenture to help it lead Modernization -- the multi-year initiative to transform the systems and rules essential to Canada's payments ecosystem.
Due to the scope of the program and the number of participants involved, Payments Canada sought to team with a company that could provide in-depth payments expertise, along with change-management and program-management services to help manage the initiative.
"The payments Modernization program for Canada is multifaceted, requiring a high level of engagement from players across the industry," said Jan Pilbauer, executive director of Modernization and CIO at Payments Canada. "We knew we needed a strong consulting partner to support this. Together, Payments Canada and Accenture will help lead the industry through change to reach our end goal: creating fast, flexible and simple ways for Canadians to pay."
In December, Payments Canada released far-reaching plans to change the infrastructure and rules that underpin financial transactions in Canada. These changes include imminent enhancements to existing systems to speed up transactions, as well as longer-term improvements such as the implementation of a faster payments capability, a new core clearing and settlement system, and the introduction of the global messaging standard ISO 20022, which will facilitate the transition from paper-based invoicing and cheques to digital processing for these functions. Accenture will be directly engaged in all of this work over the next three to four years while helping to establish an industry project management office that will support financial institution participants throughout the transition.
"We look forward to coming together as one team," said Robert Vokes, managing director of Accenture's Financial Services practice in Canada. "Accenture has been supporting payments modernization initiatives around the world for more than a decade, and we are thrilled to provide consulting services on Payments Canada's innovative venture."
Gerry Gaetz, president & CEO at Payments Canada, said, "This is important work that will put Canada on the leading edge of payments, and a strong, dynamic and global team is key to our success. Together, we will work with financial institutions and key stakeholders to transform the payments system for the benefit of all Canadians."
Payments Canada released the Industry Roadmap & High-Level Plan for the Canadian payments ecosystem in December 2016. These plans were the result of extensive work with financial institutions and stakeholders to address the needs identified in Payments Canada's Vision for the Payments Ecosystem. For more information on payments modernization in Canada, visit payments.ca/modernization.
About Payments Canada
Payments Canada ensures that financial transactions in Canada are carried out safely and securely each day. The organization underpins the Canadian financial system and economy by owning and operating Canada's payment clearing and settlement infrastructure, including associated systems, bylaws, rules and standards. The value of payments cleared and settled by Payments Canada in 2016 was C$51 trillion, or C$201 billion every business day. These encompass a wide range of payments made by Canadians and businesses involving inter-bank transactions, including those made with debit cards, pre-authorized debits, direct deposits, bill payments, wire payments and cheques
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions - underpinned by the world's largest delivery network - Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With more than 394,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
CONTACT: For more information or to schedule an interview, please contact:
Tricia Weagant, Payments Canada, +1 613-806-5168, firstname.lastname@example.org;
Theresa Ebden, Accenture, +1 416 358 6741, Theresa.Ebden@Accenture.com
Web site: http://www.accenture.ca/
NEW YORK, March 21, 2017 /PRNewswire/ -- SimCorp, a leading provider of investment management solutions and services to the global financial services industry announced that it will participate in the session, 'Case Study Revolution: The buy side blueprint for enterprise-wide automation,' at the 2017 InvestOps Summit taking place March 21-22 at the Renaissance Tampa International Plaza Hotel in Florida. The event brings together COO's and Heads Of Investment Operations from buy-side institutions to explore how to successfully enhance front-to-back cross-asset investment operations.
Marc Mallett, Vice President, Product Management at SimCorp North America will participate in the session along with the VP of Global Product & Clearing Services from Fidelity. Moderated by Ray Kahn of IVE, the group will discuss how to fully streamline cross-asset front-to-back processes using technology that does more with less in the current complex market conditions. The session takes place at 9:30am on Tuesday, March 21.
Discussion points will include:
-- Doing even more with less: How to leverage robotics in manual and complex processes to cut costs and further streamline the trade lifecycle -- Adopting a strategic approach to automation: How to bridge both vertical and horizontal silos to enable smarter processing -- Reinventing current automated processes: How to leverage next generation AI and cloud computing to improve cost efficiency and STP -- Lessons learned from the electronified equities market: How to automate the fixed income market and complex product types to eliminate manual processes
Enquiries regarding this announcement should be addressed to:
Erica Fidel, email@example.com, 212.994.9453
Mittal Shah, firstname.lastname@example.org, 44 20 7397 8072
SimCorp provides integrated, best-in-class investment management solutions to the world's leading asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers and sovereign wealth funds. Whether deployed on premise or as an ASP solution, its core system, SimCorp Dimension, supports the entire investment value chain and range of instruments, all based on a market-leading IBOR. SimCorp invests more than 20% of its annual revenue in R&D, helping clients develop their business and stay ahead of ever-changing industry demands. Listed on NASDAQ Copenhagen, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/simcorp-expert-featured-on-case-study-revolution-panel-at-the-2017-investops-summit-300427034.htmlPhoto: https://mma.prnewswire.com/media/480775/Marc_Mallet.jpg
Web site: http://www.simcorp.com/
AURORA, Ohio, March 21, 2017 /PRNewswire/ -- TCP International Holdings Ltd. ("the Company" or "TCP") today filed a lawsuit against its former Chairman and Chief Executive Officer Ellis Yan for recent actions that have involved unfair competition and deceptive trade practices, tortious interference, and violations of restrictive covenants in Yan's employment agreement with TCP. The suit, filed today in U.S. District Court, Northern District of Ohio, Eastern Division, also names newly formed company Quality Light Source LLC (QLS) and others associated with QLS as defendants. This case involves misrepresentations to TCP's customers and the public at large about the facilities, capabilities and products of QLS.
In the suit, TCP states that Yan has been working with Solomon Yan, who is Ellis Yan's brother and former Vice Chairman of the Company, and others to set up QLS as a lighting company to unfairly compete with TCP. Through its investigations, TCP has learned that the defendants have attempted to mislead TCP's customers and prospective customers and influence their purchasing decisions by presenting TCP's long-standing experience in the industry, established infrastructure and product offerings as those of QLS - a brand new company.
The suit cites a number of deceptive and unfair practices undertaken by Yan and QLS, including using TCP marketing materials and providing TCP light bulbs as sample products.
In addition, the suit states that Ellis Yan violated terms of his Executive Employment Agreement with the Company that prohibit him from competing with TCP or soliciting its employees until July 1, 2017, and permanently prohibit him from disclosing TCP's confidential and proprietary information. According to the suit, Ellis Yan has attempted to induce TCP employees to leave the Company and work for him, as well as providing confidential information to others at QLS.
"Ellis Yan's actions are clearly prohibited and harmful to TCP, our customers and our employees, and we could not stand idly by while he and his associates continued to provide false information and misrepresent themselves to our customers," said TCP Chairman George Strickler. "We are confident in the merits of our case, and we hope the court will take swift action to halt these unfair and deceptive practices. TCP remains a strong business with a promising future, and we are well-positioned to continue serving customers in a marketplace that is fair and competitive."
TCP is seeking injunctive relief to restrain the defendants from unfairly competing with TCP and from passing off the Company's marketing materials and products as those belonging to QLS. In addition, the Company is seeking a temporary restraining order to prohibit Ellis Yan from continuing to violate the non-compete, non-solicitation and confidentiality provisions of his employment agreement.
As the Company has previously reported, earlier investigations by the Audit Committee of the TCP Board of Directors found, among other things, that actions related to certain payments by Ellis Yan and undisclosed related party transactions involving Solomon Yan, while they held positions with TCP, resulted in a material weakness in the effectiveness of the Company's internal control over financial reporting. Ellis and Solomon Yan stepped down from day-to-day involvement in the operations of the Company in 2015 and 2016, respectively. Earlier this year Ellis Yan resigned as Chairman of the Company, and Solomon Yan resigned as Vice Chairman.
TCP is a leading global manufacturer and distributor of energy efficient lighting technologies. TCP's extensive product offerings include LED and CFL lamps and fixtures and other energy efficient lighting products. TCP is a proud ENERGY STAR(R) partner of the U.S. Environmental Protection Agency. TCP's products are currently offered through thousands of retail and C&I distributors. Since TCP's inception, it has sold more than one billion energy efficient lighting products. For more information, visit http://www.tcpi.com.
Forward Looking Statements
Certain statements in this release may 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. These forward-looking statements are only predictions, not historical fact, and involve certain risks and uncertainties, as well as assumptions. Actual results, levels of activity, performance, achievements and events could differ materially from those stated, anticipated or implied by such forward-looking statements. While TCP believes that its assumptions are reasonable, it is very difficult to predict the impact of known factors, and, of course, it is impossible to anticipate all factors that could affect actual results. There are a number of risks and uncertainties that could cause actual results to differ materially from forward-looking statements made herein. Such forward-looking statements are made only as of the date of this release. TCP expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or changes in events, conditions or circumstances on which any statement is based.
Chief Financial Officer
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/tcp-files-suit-against-former-chairman-ellis-yan-for-unfair-competition-and-violation-of-employment-agreement-300427020.htmlPhoto: https://mma.prnewswire.com/media/166768/tcp_logo.jpg TCP International Holdings Ltd.
HELSINKI, Mar 21, 2017 /PRNewswire/ --
Solteq Plc Stock Exchange Bulletin 21.3.2017 at 1.45 pm.
Person subject to the notification requirement
Name: Profiz Business Solution Oyj
Position: Closely associated person
(X) Legal person
(1):Closely associated person
Name: Markku Pietilä
Position: Member of the Board
Issuer: Solteq Oyj
Notification type: INITIAL NOTIFICATION
Reference number: 743700HXWTM31ZHBXW13_20170320162341_3
Transaction date: 2017-03-16
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
Nature of the transaction: ACQUISITION
(1): Volume: 4090 Unit price: 1,65000 EUR
(2): Volume: 121 Unit price: 1,65000 EUR
(3): Volume: 800 Unit price: 1,66000 EUR
(3): Volume: 5011 Volume weighted average price: 1.65160 EUR
Transaction date: 2017-03-17
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
Nature of the transaction: ACQUISITION
(1): Volume: 1410 Unit price: 1,67000 EUR
(2): Volume: 1095 Unit price: 1,73000 EUR
(3): Volume: 400 Unit price: 1,75000 EUR
(3): Volume: 2905 Volume weighted average price: 1.70363 EUR
Transaction date: 2017-03-20
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
Nature of the transaction: ACQUISITION
(1): Volume: 860 Unit price: 1,70000 EUR
(2): Volume: 440 Unit price: 1,70000 EUR
(3): Volume: 5000 Unit price: 1,70000 EUR
(3): Volume: 6300 Volume weighted average price: 1.70000 EUR
Director, Data Services, Solteq Oyj
This information was brought to you by Cision http://news.cision.com [http://news.cision.com/]
SAN JOSE, Calif., March 21, 2017 /PRNewswire/ -- Ultratech, Inc. , a leading supplier of lithography, laser-processing and inspection systems used to manufacture semiconductor devices and high-brightness LEDs (HB-LEDs), as well as atomic layer deposition (ALD) systems, today announced that two China foundries placed follow-on orders for laser spike anneal systems. Ultratech's LSA101 laser spike anneal systems will be used for 40- and 28-nm production. The LSA101 dual-beam tools were chosen over competing systems due to greater flexibility and capability for annealing with low overall thermal budgets. Ultratech plans to ship the LSA101 tools to the customers' foundries to China in Q1 2017.
The low cost of 28-nm planar technology continues to drive growth and numerous foundries are ramping capacity expansion to take advantage of the optimal performance-to-cost ratio at this geometry. Foundries in Asia are leveraging the value proposition offered at the 28-nm node to meet the strong demand for low-cost chips for mobile devices. The LSA101 dual-beam system is designed for advanced applications, such as gate stack formation, silicide or post-silicide anneal to deliver leading technology in a cost-effective solution. Cost-driven foundries value Ultratech's LSA101 systems due to the impressive flexibility to meet requirements for today's volume production at 40-nm, 28-nm, and extendibility to 14-nm, 10-nm and below nodes.
"These follow-on orders strengthen our dominant position for advanced millisecond anneal within the foundry market in China," said Jim McWhirter, Ph.D., vice president and senior scientist, laser technology at Ultratech. "While we are currently working with these customers to ramp capacity for 40- and 28-nms, the LSA101 system has demonstrated extendibility for advanced FinFET nodes. As a result, building on our long-term relationships, we can effectively work with our customers using our LSA systems to support their planer device applications today with extendibility for their future FinFET device roadmaps. Ultratech's product focus remains targeted at meeting customer requirements for their advanced millisecond annealing applications."
Ultratech LSA 101 Dual-Beam Laser Spike Anneal System
Built on the customizable Unity Platform(TM), LSA101 with the dual-beam option expands the process space by adding a second low-power laser beam that adds process flexibility and enables millisecond annealing with a low thermal budget process. Inserting a millisecond anneal step post-junction formation, such as gate stack formation, silicide or post-silicide anneal, has been shown to improve leakage and device reliability, while reducing contact resistance and improving both performance and yield. Compared to compet ing millisecond annealing technologies, LSA with dual-beam offers the lowest thermal budget millisecond anneal process along with superior within-die uniformity for different layouts. The LSA101 delivers high flexibility and extendibility for advanced annealing applications and is currently in high-volume production for planer and FinFET logic devices.
This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by words such as "anticipates," "expects," "remains," "thinks," "intends," "believes," "estimates," and similar expressions and include management's current expectation of its longer term prospects for success. These forward-looking statements are based on our current expectations, estimates, assumptions and projections about our business and industry, and the markets and customers we serve, and they are subject to numerous risks and uncertainties that may cause these forward-looking statements to be inaccurate. Such risks and uncertainties include the timing and possible delays, deferrals and cancellations of orders by customers quarterly revenue fluctuations industry and sector cyclicality, instability and unpredictability market demand for consumer devices utilizing semiconductors produced by our clients our ability to manage costs new product introductions, market acceptance of new products and enhanced versions of our existing products reliability and technical acceptance of our products our lengthy sales cycles, and the timing of system installations and acceptances lengthy and costly development cycles for laser-processing and lithography technologies and applications competition and consolidation in the markets we serve improvements, including in cost and technical features, of competitors' products rapid technological change pricing pressures and product discounts our ability to collect receivables customer and product concentration and lack of product revenue diversification inventory obsolescence general economic, financial market and political conditions and other factors outside of our control domestic and international tax policies cybersecurity threats in the United States and globally that could impact our industry, customers, and technologies and other factors described in our SEC reports including our Annual Report on Form 10-K filed for the year ended December 31, 2016. Due to these and other factors, the statements, historical results and percentage relationships set forth herein are not necessarily indicative of the results of operations for any future period. We undertake no obligation to revise or update any forward looking statements to reflect any event or circumstance that may arise after the date of this release.
About Ultratech: Ultratech, Inc. designs, builds and markets manufacturing systems for the global technology industry. Founded in 1979, Ultratech serves three core markets: front end semiconductor, back end semiconductor, and nanotechnology. The company is the leading supplier of lithography products for bump packaging of integrated circuits and high brightness LEDs. Ultratech is also the market leader and pioneer of laser spike anneal technology for the production of advanced semiconductor devices. In addition, the company offers solutions leveraging its proprietary coherent gradient sensing (CGS) technology to the semiconductor wafer inspection market and provides atomic layer deposition (ALD) tools to leading research organizations, including academic and industrial institutions. Visit Ultratech online at: www.ultratech.com.
Unity Platform is a trademark of Ultratech, Inc.
Company Contacts: Agency Contact: Ultratech MCA, Inc. Bruce R. Wright Angie Kellen, 408/829-0106 Senior Vice President & CFO Senior Account Director Phone: 408/321-8835 email@example.com The Blueshirt Group Suzanne Schmidt, 415/217-4962 firstname.lastname@example.org (UTEKG)
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ultratech-receives-follow-on-multiple-orders-from-china-foundries-for-laser-spike-annealing-systems-300426607.htmlUltratech, Inc.
Web site: http://www.ultratech.com/
MONROE, La., March 21, 2017 /PRNewswire/ -- Building upon its strong portfolio of managed storage offerings, CenturyLink, Inc. today announced it has joined the NetApp Unified Partner Program offering NetApp storage solutions designed for enterprises and small-to-midsized businesses (SMBs) in multiple market segments including the public sector.
This agreement will enable CenturyLink to provide a range of NetApp hardware and licensing solutions, including its newly designed NetApp Flex Pod offering on CenturyLink's world-class global network, to more customers and partners.
"We're excited to expand our strategic alliance with NetApp as we continue building our managed services offerings to help companies achieve success with their digital transformation projects," said Terence Gleeson, vice president, Strategic Partner Alliances, CenturyLink.
"Having CenturyLink as part of the NetApp program builds upon our existing relationship," said Bill Lipsin, vice president, Global Channels, NetApp. "Joining the program should enhance CenturyLink's ability to leverage new opportunities for delivering value-added services, data center solutions and the customer support needed to thrive in today's digital transformation."
NetApp and CenturyLink have worked together for several years, and NetApp is a key storage platform in connection with CenturyLink Cloud, designed for both public and private clouds. CenturyLink customers can call (800) 237-8931 or visit www.centurylink.com to learn more about the CenturyLink's extensive NetApp-based storage offering.
CenturyLink is a global communications, hosting, cloud and IT services company enabling millions of customers to transform their businesses and their lives through innovative technology solutions. CenturyLink offers network and data systems management, Big Data analytics and IT consulting, and operates more than 55 data centers in North America, Europe and Asia. The company provides broadband, voice, video, data and managed services over a robust 250,000-route-mile U.S. fiber network and a 300,000-route-mile international transport network. Visit CenturyLink for more information.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/centurylink-joins-netapp-unified-partner-program-300426323.htmlPhoto: https://mma.prnewswire.com/media/458690/centurylink__inc__logo.jpg CenturyLink, Inc.
CONTACT: Frank Tutalo, 703.363.8698, Frank.Tutalo@centurylink.com
Web site: http://www.centurylink.com/
Company invites individual and institutional investors, as well as advisors, to attend interactive, real-time virtual event
LONDON, March 21, 2017 /PRNewswire/ -- Vodafone Group Plc based in London, today announced that Tim Boddy, Group Investor Relations Director, will present at the dbVIC - Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on March 23(rd) 2017. This virtual investor conference is aimed exclusively at introducing global companies with ADR programs to investors.
DATE: March 23(rd), 2017
TIME: 10:00am EDT
This will be a live, interactive online event where investors are invited to ask international companies their questions in real-time and to download a company's information in their "virtual trade booth" in the Exhibits section. If attendees are not able to join the event live on the day of the conference, an on-demand archive will be available for 90 days.
Participation is free of charge.
It is recommended that investors pre-register to save time and receive event updates.
Recent Company Highlights
-- Vodafone India and Idea Cellular reach an agreement to combine their operations to create the largest telecoms operator in India -- Q3 FY 2016/2017 highlights: -- Group organic service revenue +1.7% -- Ongoing 4G adoption drives data growth -- Strong fixed momentum led by Italy and Spain: 417k total broadband net adds of which 262k are on-net -- Enterprise outperformance continues with growth of +3.3% driven by fixed market share gains and AMAP mobile -- Full year guidance confirmed: FCF of at least EUR4.0 billion, lower end of organic EBITDA growth range of 3-6%
About Vodafone Group Plc
Vodafone is one of the world's largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone has mobile operations in 26 countries, partners with mobile networks in 49 more, and fixed broadband operations in 17 markets. As of 31 December 2016, Vodafone had 470 million mobile customers and 14.3 million fixed broadband customers. For more information, please visit: www.vodafone.com.
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CONTACT: IR@vodafone.co.uk, +44 7919 990 230
Web site: http://www.vodafone.com/
OVERLAND PARK, Kan., March 21, 2017 /PRNewswire/ -- QTS Realty Trust , an international provider of data center, managed hosting and cloud services, today announced expanded and significantly enhanced cloud-based Disaster Recovery as a Service (DRaaS) capabilities and solutions for midsize enterprises and government organizations. DRaaS is a rapidly growing market opportunity and an IT service typically delivered as part of a hybrid IT solution.
With several key enhancements, QTS DRaaS customers can now more quickly isolate workloads and migrate them to almost any environment, enabling them to realize the flexibility and cost savings of cloud-based disaster recovery. Users are able to manage and customize how their systems will operate in the event of a disaster without additional hardware or data center application dependencies. Customers can establish parameters for replication and recovery, for example, every 15 minutes or every four hours, to best meet their individual business needs.
Featuring Zerto Virtual Replication (ZVR) version 5.0 BC/DR software, QTS' enhanced DRaaS protects mission critical workloads and applications to improve IT resiliency. QTS' DRaaS is hypervisor agnostic providing multi-cloud support on VMware vSphere, Microsoft Hyper-V, Amazon Web Services (AWS), and Microsoft Azure to migrate and manage compliance-mandated environments. In addition, ZVR 5.0 introduces the new capability of One-To-Many Replication believed to be the fastest, most powerful replication and recovery solution for virtual machines, files and data available.
Unlike some replication technologies that primarily offer data protection along with cumbersome snapshots and backup models, QTS' DRaaS services provide continuous replication with zero impact on application performance. It features a self-service secure portal, detailed reporting, and non-disruptive testing and point-in-time recovery.
"Zerto is proven next generation technology for facilitating DRaaS solutions for virtualized and cloud environments," said Dan Bennewitz, Chief Operating Officer, Sales, Product and Marketing - QTS. "With a focus on hybrid IT solutions and a growing portfolio of purpose-built clouds, the addition of DRaaS powered by Zerto further improves our ability to serve our enterprise customers' overall IT strategies and achieve IT resiliency."
CompSci Resources is a software engineering firm specializing in web-based technologies that recdently deployed QTS DRaaS.
"CompSci's regulatory compliance software supports mission critical, customer facing applications that are central to our business success," said Jonathan Lord, Senior System Administrator, CompSci Resources. "QTS DRaaS ensures performance and availability and is backed by industry leading service level agreements. In addition, it is a highly cost-effective strategy allowing us to minimize capital expenditure."
The DRaaS market size is projected to grow from US $1.7 Billion in 2016 to US $11.1 Billion by 2021, representing a 5-year CAGR of 45.9%.(1)
The key forces driving the DRaaS market are its features of faster recovery, cost-effectiveness, enhanced flexibility, and simple testing.(1) Also, DR services provide automation capabilities that lead to limited utilization of resources and lower up-front cost. With the increase in the adoption rate of DR services among Small and Medium Enterprises (SMEs), the DRaaS market is expected to gain major traction during the forecast period.(1)
Among providers, the Managed Service Provider ("MSP") segment is expected to grow at the highest rate in the DRaaS market during the forecast period. MSPs offer DRaaS services to help organizations offload the burden of data protection and data security, and ensure business continuity in the event of a disaster. They offer remote management and monitoring of IT infrastructure of the end-user under a subscription model. Therefore, enterprises are increasingly opting for MSPs to overcome the challenges of budget constraint and technical expertise as they have specialized human resources, infrastructure, and industry certifications.( 1)
In addition to DRaaS, QTS also offers a broad portfolio of managed disaster recovery solutions, including website failover, QTS DR On-Demand and QTS DR High Availability for those customers looking to leverage QTS' systems, processes and people to maximize their infrastructure investments.
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. For more information, please visit www.qtsdatacenters.com, call toll-free 877.QTS.DATA or follow us on Twitter @DataCenters_QTS.
(1) "Disaster Recovery as a Service Market by Service Type (Backup, Real-Time Replication, Data Security, & Professional Services), Provider (Cloud, Managed, and Telecom & Communications), Deployment, Organization Size, Vertical, & Region - Global Forecast to 2021" - Markets and Markets, 2016
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/qts-expands-cloud-based-disaster-recovery-as-a-service-draas-capabilities-with-zerto-virtual-replication-version-50-300426884.htmlPhoto: https://mma.prnewswire.com/media/3336/QTS_LOGO.jpg QTS Realty Trust, Inc.
Web site: http://www.qtsdatacenters.com/
NETANYA, Israel, March 21, 2017 /PRNewswire/ --
Orbit Communications Systems Ltd. (TASE: ORBI), a leading provider of precision tracking-based communications solutions and airborne audio management systems, announced today that 3D Audio is now being offered as standard with the Orion airborne audio management system.
(Photo: http://mma.prnewswire.com/media/480688/Orbit_Communications_3D_Audio.jpg )
Orion's 3D Audio delivers a 360-degree clear audio experience with significant benefits for pilots, including increased situational awareness and flight safety, as well as reduced workload and fatigue. Applications include radio separation, crew positioning, directional safety alerts and real-time threat alerts aligned to the pilot's line-of-sight.
3D Audio technology uses advanced binaural and psycho-acoustic principles to provide directional audio delivered into the ears of the pilot, so that the spatial position of the sound source can be located.
"We are seeing increased demand for 3D Audio across the industry and believe it will become a standard requirement in future airborne audio systems," stated Max Gadot, Director of Product Marketing, Airborne Communication Solutions at Orbit. "The excitement shown by pilots who experienced Orion's 3D Audio capability encouraged us to include it as a standard feature today."
To experience Orbit's 3D Audio technology first-hand, visit us at "Army Aviation", April 26-28, 2017, in Nashville, TN, USA, booth 2323 - or at "HeliRussia", May 25-27, 2017, in Moscow, booth 1G.
For detailed 3D Audio information, download our white paper at http://www.orbit-cs.com/white-paper-3d-audio .
About Orbit's Orion Airborne Audio Management System
Orion is powered by a patented Dual IP Ring topology, which forms the foundation for Orion's key benefits:
- 3D Audio - Adaptive Noise Reduction(TM) - Voice-Activated Detection(TM) - Incremental scalability and flexibility to suit any size civil or military aircraft - Inherent redundancy - Reduced weight
Orbit Communications Systems Ltd. is wholly-focused on precision tracking-based communications - in the areas of satcom, telemetry and remote sensing - and provides an innovative solution for airborne audio management. With certification by defense, government and commercial agencies, we deliver tailor-made, turnkey solutions at sea, on land and in the air. Orbit's unique combination of smart design, high reliability and field-tested experience means that if you can conceive it, we can provide it.
Orion, Adaptive Noise Reduction and Voice-Activated Detection are trademarks of Orbit Communications Systems Ltd.
Contact information Orbit Ian Tick Head of Communications email@example.com Gelbart-Kahana Investor Relations Eran Gabay firstname.lastname@example.org
Photo: http://mma.prnewswire.com/media/480688/Orbit_Communications_3D_Audio.jpgPhoto: http://mma.prnewswire.com/media/480688/Orbit_Communications_3D_Audio.jpg Orbit Communication Systems Ltd
LOS ANGELES, March 21, 2017 /PRNewswire/ -- OFC -- Viavi Solutions today announced that the ONT-600 400G - the industry's first and most widely distributed 400G test platform - will be on display at the 2017 OFC Conference & Exhibition, March 21-23 in Los Angeles, California. The solution will: be demonstrated at Viavi's Booth 2303; participate in the Ethernet Alliance live 400 GbE network across the event floor; and support demonstrations of integrated chips and modules from multiple vendors in their respective booths.
As wireless, cable and telecommunications operators race to deliver gigabit connectivity to end users, they are accelerating deployment of high-speed optical technologies from access to the core. Viavi's Gigabit Monitor shows the number of live gigabit deployments skyrocketing from over 350 as surveyed in June 2016 to over 570 in February 2017, covering over 167 million people globally. This rapid pace of network rollouts is driving the high-speed optical networking ecosystem to accelerate development of next-generation technologies from access to the core.
As validated by public interoperability demonstrations, the Viavi ONT-600 400G has relevant applications and accessories to accelerate 400G deployment - from the early stages of developing and validating CFP8 FR8/LR8 modules to fully comprehensive Ethernet performance needed for system level and service validation. The special hardware-level applications in the ONT have helped bring many vendors to OFC 2017 with functional and robust CFP8 modules that can interoperate, while the Ethernet layer applications have helped validate performance in the first field trials. At OFC, Viavi will also show the world's first demo of FlexO technology, a core building block for future Optical Transport Network. The FlexO optical bonding enables flexible bandwidth capabilities as used in one part of FlexE as well.
Recently released applications for the ONT-600 400G platform include enhanced FEC testing, enabling validation of performance of 400G elements against IEEE P802.3 bs (draft) FEC. Also announced are new advanced error analysis applications: all types of errors including bursts, individual bit errors and slips are characterized to quickly establish the root cause.
"We are very excited by the early performance of Finisar's 400G CFP8 LR8 and FR8 modules. Using directly modulated DFB lasers, we have a device using 50Gb/s PAM4 lanes that is fundamentally low power and cost optimized with very good BER performance," commented Todd Swanson, EVP of Sales, Marketing and R&D at Finisar. "The Viavi ONT-600 has been instrumental in enabling us to understand the performance we can achieve and continues to help us optimize our design."
"We knew that Oclaro's proprietary laser and receiver designs were key technologies for the first deployment of 400G pluggable optics. However, to accelerate the development and validation of our CFP8 design, we needed a system like the Viavi ONT-600 400G and its latest features like advanced error analysis to address the challenges of FEC and PAM-4 testing," said Yves LeMaitre, President, Optical Connectivity Business at Oclaro.
'We are delighted to work with the trailblazers at 400G to build a healthy and vibrant ecosystem that will help us deploy and scale 400G from the lab to the field," said Dr. Paul Brooks, Lab & Production Business Unit, Viavi. "The unique applications in our ONT have yet again proven key to getting technology to market on time and fully interoperable."
About Viavi Solutions
Viavi is a global provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems, supported by a worldwide channel community including Viavi Velocity Solution Partners. We deliver end-to-end visibility across physical, virtual and hybrid networks, enabling customers to optimize connectivity, quality of experience and profitability. Viavi is also a leader in high performance thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer electronics, automotive, defense and instrumentation markets. Learn more about Viavi at www.viavisolutions.com. Follow us on Viavi Perspectives, LinkedIn, Twitter, YouTube and Facebook.
US Media Inquiries
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/viavi-showcases-400g-test-platform-supporting-industry-pioneers-at-2017-ofc-300426965.htmlPhoto: https://mma.prnewswire.com/media/386858/viavi1_Logo.jpg Viavi Solutions
Web site: http://www.viavisolutions.com/
DENVER, March 21, 2017 /PRNewswire/ -- SPYR, INC. (SPYR), a holding company with wholly owned subsidiaries in both the mobile game & app development and publishing industry, and in the restaurant industry, today provides its shareholders with an update on further developments heading into Q2 2017.
In Q2, the Company will be engaging in a campaign to optimize user acquisition, which will correspond to revenue growth. Over the past several months, the SPYR team has worked closely with the development team at Spectacle Games to optimize key game play systems, based on analysis of player behavior and players' in-game activities. Now the path to optimizing user acquisition is clear and, as the development team is implementing these features, SPYR's marketing team will be ramping up efforts to bring this new content to consumers at an accelerated rate.
In January, SPYR announced its intent to divest itself from its restaurant division by spinning off the business, and issuing a stock dividend to its shareholders of record as of a specific record date. In the coming weeks, SPYR's Board of Directors will carry out the necessary corporate and regulatory requirements to implement the spin-off and stock dividend, including informing shareholders of the exact procedure to be followed in order to receive their stock dividend. After SPYR concludes the spin-off of the restaurant division, SPYR will file a registration statement with the Securities and Exchange Commission qualifying it as a separate publicly traded entity with a separate trading symbol.
Today, SPYR announces that the record date to receive the stock dividend will be May 19, 2017, and the Company will be issuing a 100% (1 for 1) stock dividend to those who hold shares of SPYR on May 19, 2017.
Example: If a shareholder owns 50,000 shares of SPYR on May 19, 2017, the shareholder will receive 50,000 shares in the newly spun-off publicly trading company. That shareholder will then own his/her original 50,000 shares of SPYR and 50,000 shares of the newly spun-off publicly traded company. Conversely, if a shareholder is short 50,000 shares of SPYR, the shareholder will need to locate the 50,000 "not yet issued" but registered shares in the newly spun-off company.
Research Report / Revenue Projections
SPYR will be releasing a research report, which will include revenue projections supplied by its development partner, Spectacle Games, before the end of the second quarter 2017. The research report will include an outline of the mobile gaming market and will highlight the significance of the adaptability of the platform that Pocket Starships has been built upon, as well as SPYR's entry into the competitive eSports arena.
SPYR, INC. is a holding company that through its wholly owned subsidiary SPYR APPS, LLC, is engaged in mobile application and game publishing and development. SPYR, INC. also owns and operates an "American Diner" theme restaurant located in the Philadelphia International Airport in Philadelphia, Pennsylvania called "Eat at Joe's(R)" through its other wholly-owned subsidiary, E.A.J.: PHL Airport Inc. The Company is currently exploring opportunities for additional acquisitions in these and other verticals, including mobile application and game development, in order to expand its holdings, to drive and increase revenue and to generate profits and build value for shareholders.
Safe Harbor Statement:
This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although we believe that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, we can give no assurance or guarantee that such expectations and assumptions will prove to have been correct. Forward-looking statements are generally identifiable by the use of words like "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to: adverse economic conditions, competition, adverse federal, state and local government regulation, international governmental regulation, inadequate capital, inability to carry out research, development and commercialization plans, loss or retirement of key executives and other specific risks. To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Readers are advised to review our filings with the Securities and Exchange Commission that can be accessed over the Internet at the SEC's website located at http://www.sec.gov, as well as SPYR's website located at http://www.spyr.com, and SPYR's community channel on Twitter located at https://twitter.com/spyrinc.
Investor Relations Contacts:
Marmel Communications, LLC
Consulting for Strategic Growth 1 Ltd.
Tel: 800-625-2236 ext. 7770
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/spyr-enters-second-quarter-poised-for-significant-growth-through-year-end-300426485.htmlSPYR, INC.
Web site: http://spyr.com/
KFAR SAVA, Israel, March 21, 2017 /PRNewswire/ -- Silicom Ltd. today announced that it has achieved the most significant design win in its history. This design win, from a top-10 Cloud player, is for a highly customized version of Silicom's 100-Gigabit high bandwidth switch fabric on a NIC cloud solution.
Based on this design win, Silicom has received initial purchase orders (POs) in the aggregate amount of $17 million to cover a small-volume Alpha phase, an intensive Beta program and the product's first commercial deployment. Having completed deliveries for the Alpha phase, Silicom is now in the process of delivering the Beta-program products while completing two additional activities: 1) finalizing the product configuration and validating the solution's performance within the servers in which the Silicom products will be deployed, in cooperation with a Tier-1 server manufacturer; and 2) ramping up product manufacturing to a full mass-production level. Based on the customer's guidance, Silicom forecasts that revenues related to the design win will build to more than $30 million per year.
"We are very excited to have received what we believe will become the largest Design Win in our history - an achievement with the potential of being a game-changer for Silicom once development and ramp-up are finalized. While, due to the complexity of the product and its cutting edge technology, there remain challenges that we must overcome before large-scale data center commercial deployment can be assured, we believe we are on the right track for a successful conclusion. We are proud that our customer shares this view, as demonstrated by these sizeable initial purchase orders and its close, enthusiastic cooperation in the project," commented Shaike Orbach, Silicom's President & CEO.
"This groundbreaking design win is a clear demonstration of the success of our Cloud strategy, the cornerstone of our approach to appropriately address the industry's transition to Cloud-based solutions. Our success demonstrates the power and urgency of the Cloud transformation, together with the superb fit of our unique connectivity products for the industry's needs. The combination of strong market needs and our demonstrated competitive edge gives us confidence about our future prospects," concluded Mr. Orbach.
Silicom Ltd. is an industry-leading provider of high-performance networking and data infrastructure solutions. Designed primarily to increase data center efficiency, Silicom's solutions dramatically improve the performance and availability of networking appliances and other server-based systems.
Silicom's products are used by a large and growing base of OEM customers, many of whom are market leaders, as performance-boosting solutions for their offerings in the Cyber Security, Network Monitoring and Analytics, Traffic Management, Application Delivery, WAN Optimization, High Frequency Trading and other mission-critical segments within the fast-growing data center, enterprise networking, virtualization, cloud computing and big data markets. Silicom's product portfolio includes multi-port 1/10/25/40/100 Gigabit Ethernet server adapters, Intelligent Bypass solutions, Encryption accelerators, Ultra Low Latency solutions, Time Stamping and other innovative Smart adapters. These products are available for incorporation directly into our OEM customers' systems, or provided as part of Silicom's patented SETAC (Server To Appliance Converter), a unique approach to the provision of high quality standard platforms with modular front connectivity.
For more information, please visit: www.silicom.co.il
Statements in this press release which are not historical data are forward-looking statements which involve known and unknown risks, uncertainties, or other factors not under the company's control, which may cause actual results, performance, or achievements of the company to be materially different from the results, performance, or other expectations implied by these forward-looking statements. These factors include, but are not limited to, difficulty in commercializing and marketing of Silicom's products and services, maintaining and protecting brand recognition, protection of intellectual property, competition and other factors detailed in the company's periodic filings with the Securities and Exchange Commission. These forward-looking statements can generally be identified as such because the context of the statement will include words, such as "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe future plans, objectives or goals are also forward-looking statements. In light of significant risks and uncertainties inherent in forward-looking statements, the inclusion of such statements should not be regarded as a representation by the company that it will achieve such forward-looking statements. The company disclaims any duty to update such statements, whether as a result of new information, future events, or otherwise.
Eran Gilad, CFO
Investor relations contact:
GK Investor Relations
E-mail : email@example.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/breakthrough-success-for-silicom-major-new-design-win-with-17m-orders-in-hand-projected-annual-sales--30m-300426819.htmlPhoto: http://photos.prnewswire.com/prnh/20161206/445971LOGO Silicom LTD.
Web site: http://www.silicom.co.il/
NEW YORK, March 21, 2017 /PRNewswire/ -- Inspired Entertainment, Inc. ("Inspired") today announced a series of recent key contracts and deployments.
-- New Virtuals Product Deployed Into Snaitech Inspired's new Virtual Sports product, Football Matchday, is now live for the first time with Italian operator Snaitech. Specifically designed for the Italian market, Football Matchday offers an exciting and unique league concept to players. Featuring eight matches in ultra-realistic HD graphics, games can be followed and wagered on simultaneously. In addition to main screen action, Football Matchday includes a 'picture in picture' window showing goals from non-feature matches. Snaitech is the first Italian operator to launch Football Matchday across online channels and in retail venues, with a new player bonus feature coming soon. -- Rollout of Inspired VLT Content Across the Gamenet Estate To Commence Following successful certification of five of Inspired's hit slots titles, including Diamond Goddess and Goddess of the Amazon, the rollout of SBG VLTs featuring Inspired content will commence across the Gamenet estate. Gamenet will be the sixth concessionary in Italy to deliver Inspired's technology and content to its customers and the deal establishes Inspired as a top supplier of SBG VLTs to Italian operators. -- Inspired's Virtual Football Now Live With Sisal Inspired's Virtual Football product, named 'Campionato' to Sisal customers, is now live across the leading operator's estate, delivering scheduled events every six minutes. The action is shown in a league format, displaying nine simultaneous events to a single monitor. -- Virtual Sports Rollout To Commence With OPAP Inspired is working as a technology supplier to the leading Greek betting and lottery operator, deploying its Virtual Sports products both online and across OPAP's extensive retail network. The rollout, which will commence within the next calendar month, will initially focus on Virtual Football (soccer), with other sports planned to follow. -- Virtuals Connect Service Live Through SB Tech Inspired's Virtuals Connect service is now live with SB Tech's first customer, www.10bet.co.uk. SB Tech is a leading provider of interactive sports betting solutions and services and is now delivering Inspired's Virtual Sports content to customers, having licensed the use of Inspired's Virtual Sports platform and Virtual Sports events as part of the SB Tech Online Gaming Platform. Virtuals Connect is a fully-managed, turnkey solution which is designed to be easily integrated into any bet management system. The platform is a simple and low cost online and mobile solution enabling operators to access Inspired's premium Virtuals with minimal capital outlay. Inspired have signed multiple agreements for the delivery of Virtuals Connect with premium platform providers including Every Matrix and Betconstruct. -- New Slot and Virtuals Content Available to Mobile and Online Customers Through Virgo RGS Inspired has announced that new slots and on demand Virtuals products are now available for mobile and online customers via Inspired's Virgo RGS. Slots from Inspired's award-winning studios, including Atlantis, new Centurion Free Spins and the top-performing Mike Tyson Knockout Slot are available through William Hill, Ladbrokes Coral and Bet365. More hit games from Inspired including the popular 20p Slot, Black Dragon, and the electrifying Lightning Squad will soon be available online and for mobile. The launch of 3x3 20p Slot, which is based on the UK's leading roulette brand 20p Roulette, is expected on an omni-channel basis in the first half of 2017. -- Rush Horses Live On Demand Virtuals Product Now Live Through Betfred Inspired's latest on demand Virtual Sports product, Rush Horses Live is now live with UK operator Betfred via the Virgo RGS. A brand new suite of on-demand Rush Virtuals Go! products are also expected to launch soon for online and mobile. Specifically designed to appeal to casino players, Rush Horses GO! and Rush Dogs GO! are the first ever Virtual Sports products to be designed specifically for non-sportsbook bettors. Both games feature chip betting, an in-game bonus wheel and quick re-bet feature.
These announcements are testament to Inspired's commitment to delivering world class Entertainment with an Edge to customers, globally," said Luke Alvarez, CEO and President of Inspired. Mr. Alvarez continued, "it's exciting to see new products and solutions being deployed across our Virtual Sports, Mobile, and SBG VLT businesses in multiple jurisdictions as we continue to build our online and retail footprints. We will continue our strong focus on delivery as we roll out our SBG VLT terminals in Greece with OPAP and announce further Virtual Sports deployments internationally."
About Inspired Entertainment, Inc.
Inspired is a global games technology company, supplying Virtual Sports, Mobile Gaming and Server Based gaming systems with associated terminals and digital content to regulated betting and gaming operators around the world. Inspired currently operates more than 25,000 digital gaming terminals and supplies its Virtual Sports products in more than 35,000 venues and on over 100 websites in 30 countries. Inspired employs over 800 employees in the UK and elsewhere, developing and operating digital games and networks.
Additional information can be found at www.inseinc.com.
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These statements are based on Inspired's management's current expectations and beliefs, as well as a number of assumptions concerning future events.
Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of Inspired's control that could cause actual results to differ materially from the results discussed in the forward-looking statements. Additional factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in Inspired's most recent annual report on Form 10-K and subsequently filed quarterly reports on Form 10-Q and current reports on Form 8-K, which are available, free of charge, at the SEC's website at www.sec.gov.
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/inspired-announces-recent-key-deployments-and-contracts-300426756.htmlPhoto: https://mma.prnewswire.com/media/452284/Inspired_White_Logo.jpg Inspired Entertainment, Inc.
MOUNTAIN VIEW, Calif., March 21, 2017 /PRNewswire/ --
-- Adds discrete multi-tone modulation format for automotive and Ethernet data links -- Includes latest AIM Photonics Process Design Kit for photonic integrated circuit design -- Provides new design features for large-core multimode fiber optic systems
Synopsys, Inc. today announced the latest release of its RSoft((TM)) Photonic System Design Suite, the company's industry-leading software for the design of optical communication systems and photonic integrated circuits (PICs) at the signal propagation level. Version 2017.03 of the Synopsys RSoft Photonic System Design Suite includes new library elements to advance the design and simulation of short-reach optical communications systems and PICs, as well as new modeling features to optimize the design of large-core multimode fiber optic systems used in automotive data links and Ethernet-based data centers.
Discrete Multi-Tone Modulation Format for Automotive and Ethernet Links
In the RSoft OptSim((TM)) tool, new discrete multi-tone (DMT) modulation format functions are available in the digital signal processing library to model and simulate DMT-based data links. The DMT format uses light intensity for modulation over multiple subcarriers, which provides higher spectral efficiency. It is particularly useful for optimizing the performance of short-reach applications such as automotive data links, access networks as well as 100G and 400G Ethernet-based data center links.
Latest AIM Photonics Process Design Kit and PDAFlow Libraries for PIC Design
The RSoft OptSim Circuit tool includes the latest American Institute for Manufacturing Integrated Photonics (AIM Photonics) Process Design Kit (PDK), version 1.0b. The PDK helps PIC designers access leading-edge silicon photonics technology to generate PICs for fabrication through AIM Photonics multi-project wafer facilities. OptSim Circuit users will be able to access the PDK elements, generate schematics and simulate circuit performance prior to exporting net lists for mask generation. In addition, OptSim Circuit includes new and updated libraries for supporting PDAFlow-compatible PDKs for PIC fabrication.
New Design Features for Large-Core Multimode Fiber Optic Systems
The RSoft ModeSYS((TM)) tool includes new features for the design and analysis of large-core multimode fiber optic systems used in applications ranging from mega data centers to automotive data links:
-- Support for large-core fiber power-versus-angle signal domain across select models. The feature extends the large-core multimode fiber's numerically efficient power-versus-angle approach for signal propagation to other models in ModeSYS to model a complete data transmission link. -- A new large-core connector model that is computationally more efficient than conventional spatial field-profile based connector models.
"In large-core multimode fiber optic systems, alignment between components affects the speed and distance that can be supported by a specific link design," said George Bayz, vice president and general manager of Synopsys' Optical Solutions Group. "The new features in ModeSYS allow designers to model fiber component offsets and study performance bounds due to alignment tolerances. Designers of automotive fiber optic data links and backplane Ethernet technologies will find the new ModeSYS features particularly beneficial."
Synopsys to Showcase RSoft Products at OFC 2017
Learn more about the RSoft Photonic System Design Suite version 2017.03 by visiting Synopsys' booth 2519 at the Optical Fiber Communication Conference and Exposition (OFC) 2017 in Los Angeles, Calif., from Tuesday, March 21 through Thursday, March 23. Synopsys RSoft product experts will provide demonstrations and host information sessions throughout the conference. For details, visit https://www.synopsys.com/optical-solutions/ofc-2017.html.
About Synopsys RSoft Products
Synopsys' RSoft products are leading solutions in photonic design software and serve several industries including optical communication, optoelectronics and semiconductor manufacturing. RSoft products provide a full range of design, optimization and planning tools for optical communications, as well as solutions for optoelectronics components and subsystems. Learn more at http://optics.synopsys.com/rsoft.
Synopsys, Inc. is the Silicon to Software((TM)) partner for innovative companies developing the electronic products and software applications we rely on every day. As the world's 15th largest software company, Synopsys has a long history of being a global leader in electronic design automation (EDA) and semiconductor IP and is also growing its leadership in software security and quality solutions. Whether you're a system-on-chip (SoC) designer creating advanced semiconductors, or a software developer writing applications that require the highest security and quality, Synopsys has the solutions needed to deliver innovative, high-quality, secure products. Learn more at http://www.synopsys.com/.
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HONG KONG, March 21, 2017 /PRNewswire/ --
Highlights of the annual results for the year ended December 31, 2016:
-- The Group's Gross Merchandise Value ("GMV") was approximately RMB21.65 billion, an increase of 55.8 % year-on-year ("YoY") -- Online transaction customers(1) as at December 31, 2016 reached 20,705, up 104.4% YoY -- Non-GAAP profit attributable to equity shareholders(2) of the Company was approximately RMB526.7 million, up 36.3% YoY -- INGDAN.com platform registered over 20.0 million followers and more than 20,000 IoT project entries
Highlights of the fourth quarter of 2016 ended December 31, 2016:
-- The Group's GMV was RMB6,629.5 million, an increase of 52.5% YoY -- Non-GAAP profit attributable to equity shareholders(2) of the Company was approximately RMB151.6 million, up 45.1% YoY
Cogobuy Group ("Cogobuy" or the "Company", stock code: 400.HK; with its subsidiaries (the ''Group'')), the largest e-commerce platform serving the electronics manufacturing industry in China, is pleased to announce its unaudited operation summary for the fourth quarter and audited consolidated results for the year ended December 31, 2016 (the "Period").
Financial Highlights of the Full Year of 2016
During the Period, the Company's three major businesses achieved robust growth. The total GMV of the Company's operations was approximately RMB21.65 billion, representing an increase of 55.8% YoY; with 59.3% derived from direct sales value, 27.4% from transaction value in online marketplace and 13.3% from supply chain financing business. In total, 36.8% of the GMV was derived from blue chip customers while 63.2% was derived from small and medium enterprise ("SME") customers.
During the Period, increasing numbers of new customers, mainly from SMEs, and incremental sales generated by monetization of INGDAN.com contributed to the strong results. As at December 31, 2016, the number of online transaction customers(1) reached 20,705, of which approximately 0.9% are blue chip customers and 99.1% are SME customers. This was an increase of 104.4% from 10,131 as at December 31, 2015. The number of registered customers reached 96,733, an increase of 86.0% from 52,016 as at December 31, 2015.
During the Period, the Company recorded total revenue of RMB12,932.8 million, representing a YoY increase of 36.8%. Profit attributable to equity shareholders of the Company grew significantly to approximately RMB478.8 million, a YoY increase of 39.6%. Non-GAAP profit attributable to equity shareholders(2) of the Company was approximately RMB526.7 million, a YoY increase of 36.3%.
Cash and cash equivalents and pledged deposits amounted to RMB3,478.0 million as at December 31, 2016. Inventory turnover days and trade receivables turnover days were 30.8 days and 47.4 days, respectively. As at December 31, 2016, the basic common shares outstanding was 1,501,272,732, the diluted common shares outstanding was 1,389,098,000.
Financial Highlights of the Fourth Quarter of 2016
For the three months ended December 31, 2016, the Company's total GMV was RMB6,629.5 million, representing an increase of 52.5% YoY; with 57.5% derived from direct sales, 28.9% from online marketplace platform, and 13.6% from the supply-chain financing business line. In total, 39.3% of the GMV was derived from blue chip customers while 60.7% was derived from SME customers.
INGDAN.com, the largest Internet of Things (''IoT'') innovation business platform for intelligent hardware in China, has attracted many new customers and generated good results during the Period with an ecosystem for smart hardware developed. As at December 31, 2016, INGDAN.com attracted over 20.0 million followers and more than 20,000 IoT project entries. GMV contributed by the INGDAN.com platform was RMB1.9 billion, 28.4% of the total GMV in the fourth quarter of 2016. As at March 15, 2017, the platform registered more than 23.8 million followers and nearly 24,000 IoT project entries.
For the three months ended December 31, 2016, the Company recorded a total revenue of RMB3,846.5 million, a YoY increase of 43.5%. Gross margin was 8.2%. Net profit attributable to equity shareholders of the Company grew significantly to approximately RMB142.2 million, a YoY increase of 61.0%. Non-GAAP profit attributable to equity shareholders(2) of the Company was approximately RMB151.6 million, a YoY increase of 45.1%. Non-GAAP operating expenses(3) were RMB128.0 million. Non-GAAP operating margin(4) was 4.9%. The Group's effective tax rate was 14.2% and its non-GAAP effective tax rate(5) was 13.8%.
For the three months ended December 31, 2016, the Group generated positive non-GAAP operating cash flow(6) of approximately RMB25.8 million. Inventory turnover days(7) and trade receivables turnover days(8) of the Company were 35.3 days and 41.9 days, respectively.
-- Leveraging its vast network with leading technology companies worldwide, Cogobuy has built a leading Artificial Intelligence ("AI") -related product chain in the industry. The Company expanded its supply chain to include voice-controlled smart products, and now provides a full portfolio of components, modules, and end-product brands. The Company also launched a strategic cooperation with Haier, a leading home appliance brand that incorporates voice recognition into its products, jointly taking the lead in the voice-controlled home appliance industry. Meanwhile, INGDAN.com is developing an integrated ecosystem comprised of core AI software and service providers, as well as high quality suppliers of chips, modules, and assembled products. Enabling traditional electronic manufacturing enterprises to upgrade their products to smart devices, the ecosystem serves as a platform that encourages a large number of those enterprises to become Cogobuy's customers. -- As an important strategic partner of global top-tier chip suppliers, Cogobuy is well positioned to further increase its market share of telecommunications in the PRC. The Company is capturing business opportunities resulting from PRC carriers' new investment cycle in Optical Transport Network ("OTN") upgrades and 4.5G/5G construction. The increasing market demand, together with Cogobuy's market position, is enhancing Cogobuy telecom business volumes significantly.
Mr. Jeffrey Kang, CEO of Cogobuy Group, said: "Since our IPO in 2014, developments in the Cogobuy and INGDAN.com platforms have quickly evolved the Company from an e-commerce business that provided IC components, into a comprehensive electronics-manufacturing ecosystem.
"Cogobuy's business model is unique in that we built a community of enterprise decision makers and launched targeted marketing directly to these potential customers' decision makers. Based on marketing data, we have been able to effectively and accurately provide products and services to fulfill their needs. Cogobuy's distinctive business model has increased the Company's marketing accuracy and driven higher transaction volumes through its 'social + E-commerce' design.
"In 2016, we implemented INGDAN.com's monetization strategy, comprised of 'Online marketing' and 'Offline services'. For the 'Online marketing,' INGDAN.com's online platform brought in a large number of customers, demands, and data to both Cogobuy and INGDAN.com. INGDAN.com's monetization strategy consists of three parts: the first is monetization through IC component transaction on Cogobuy's platform, the second is through transactions of non-IC products related the supply-chain, and the third is through enterprises services transactions. As a result, INGDAN.com contributed RMB 5,184.7 million of GMV to Cogobuy, accounting for approximately 24.0% to the whole of 2016.
"Looking ahead to 2017, we see a strong growth in optical communications, data centers, auto electronics, and other areas. Furthermore, AI technology, a growing field with wide applications across the electronics industry, will become a major growth driver for the Company. We have already seen this in voice recognition technology and its increasing adaptation into home appliances. The trend has enabled many traditional home appliance enterprise clients significantly increase purchase volume over our platforms, making the consumer electronics market a high growth market to us.
"We are confident in the continuation of our growth momentum in 2017. We believe that our ability to attract new customers will remain a cornerstone for growth, and the rapid growth of the INDAN.com platform will continue to be the Group's growth driver. Furthermore, we will establish a new business unit - IngFin Financing Services. With our supply chain financing products as the core, we will increase investments in the big-data based enterprise financing business. Following the success of INGDAN.com, we expect IngFin Financing Services to become another rapidly growing platform. Lastly, in the face of the multi-trillion-RMB IC components and electronic manufacturing enterprise services market, we are confident that the innovative model of Cogobuy Group will continue to maintain accelerated growth in the coming years. "
(1 )Customers who had completed at least one online transaction during the current period and had completed at least one other online transaction in the previous fiscal year.
(2 )Net profit attributable to equity shareholders add share-based compensation costs, amortization of intangible assets and its related deferred taxation effect.
(3 )Total operating expenses less share-based compensation costs and amortization of intangible assets.
(4 )Non-GAAP operating margin is non-GAAP profit of the period divided by revenue for the period. Non-GAAP profit is gross profit less non-GAAP operating expenses of the period.
(5 )Non-GAAP effective tax rate is income tax expense less deferred taxation related to amortization of intangible assets divided by income before tax less share-based compensation costs and amortization of intangible assets.
(6 )Non-GAAP operating cash flow is operating cash flow of the period plus amount of loan to third parties for investment initiatives for the period.
(7 )The average of the opening and closing balances of inventories of the period divided by cost of sales of the period and multiplied by 92 days.
(8 )The average of the opening and closing balances of trade receivables for the period divided by revenue of the period and multiplied by 92 days.
The information contained in this document has not been independently verified. No representation, warranty or undertaking, express or implied, is made by the Company or any of its affiliates, advisers or representatives as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions presented or contained herein. The information contained in this document should be considered in the context of the circumstances prevailing at the time, is subject to change without notice and the Company makes no undertaking to update the information in this document to reflect any developments that occur after the date of the presentation. It is not the Company's intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Company, or its financial or trading position or prospects. Neither of the Company nor any of its affiliates, advisers or representatives accept any responsibility or have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document.
This document may contain statements that reflect the Company's current intent, beliefs and expectations about the future as of the respective dates indicated herein. These forward-looking statements are not guarantees of future performance and are based on a number of assumptions about the Company's operations and factors beyond the Company's control and are subject to significant risks and uncertainties, and accordingly, actual results may differ materially from those described in these forward-looking statements. Neither the Company nor any of its affiliates, advisers or representatives has any obligation, nor do they undertake, to update these forward-looking statements for any events or developments including the occurrence of unanticipated events that occur subsequent to such dates.
About Cogobuy Group
Cogobuy Group is the largest e-commerce service platform serving the electronics manufacturing industry in China. Through the e-commerce platform, which includes a direct sales platform, an online marketplace, and a dedicated team of technical consultants and professional sales representatives, the Company provides customers with comprehensive online and offline services across pre-sale, sale, and post-sale stages. The Company serves mainly SME electronics manufacturers.
For further information, please refer to the Company's website at http://www.cogobuy.com
INGDAN.com is a platform dedicated to connecting global intelligent hardware entrepreneurs and China-based supply chain resources. The platform provides information on hardware innovation, supply chain data, and supply chain demand docking for global IoT innovators and entrepreneurs. It is a one-stop hardware innovation business platform with its core being the "supply chain."
For further information, please refer to the Company's website at http://www.ingdan.com
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the year ended December 31, 2016 December 31, December 31, 2016 2015 RMB'000 RMB'000 Revenue 12,932,794 9,453,389 Cost of revenue (11,870,302) (8,688,638) ----------- ---------- Gross Profit 1,062,492 764,751 Other income 28,329 25,856 Selling and distribution expenses (218,053) (151,597) Research and development expenses (62,613) (55,874) Administrative and other operating expenses (160,900) (129,697) -------- -------- Profit from operations 649,255 453,439 Finance costs (55,984) (30,070) Share of profits of an associate 2,014 - ----- --- Profit before taxation 595,285 423,369 Income tax (85,678) (56,888) ------- ------- Profit for the year 509,607 366,481 ======= ======= Attributable to: Equity shareholders of the Company 478,799 342,875 Non-controlling interests 30,808 23,606 ------ ------ Profit for the year 509,607 366,481 ======= ======= Other comprehensive income for the year (after tax and reclassification adjustments) Item that may be reclassified subsequently to profit or loss: -Exchange differences on translation of financial statements of entities with functional 134,757 34,680 currency other than Renminbi - Available-for-sale investments: net movement in the fair value reserve 4,904 - ----- --- Total comprehensive income for the year 649,268 401,161 ======= ======= Attributable to: Equity shareholders of the Company 616,660 377,450 Non-controlling interests 32,608 23,711 ------ ------ Total comprehensive income for the year 649,268 401,161 ======= ======= Earnings per share Basic (RMB) 0.347 0.257 ===== ===== Diluted (RMB) 0.345 0.253 ===== =====
UNAUDITED RECONCILIATION OF NON-GAAP MEASURES TO THE MOST COMPARABLE HKFRS MEASURES For the year ended December 31, 2016 and 2015 For the For the year ended year ended December 31, December 31, 2016 2015 RMB in million RMB in million Profit for the year GAAP profit attributable to Cogobuy Group 478.8 342.9 Share-based compensation expense 36.8 32.0 Amortization of intangible assets and related deferred taxation 11.1 11.5 Non-GAAP profit attributable to equity shareholders of Cogobuy Group 526.7 386.4 ===== ===== RMB RMB Earnings per share -- basic GAAP profit attributable to Cogobuy Group per share 0.347 0.257 Share-based compensation expense per share 0.027 0.024 Amortization of intangible assets and related deferred taxation per share 0.008 0.009 Non-GAAP profit attributable to equity shareholders of Cogobuy Group per share 0.382 0.290 ===== ===== RMB RMB Earnings per share -- diluted GAAP profit attributable to Cogobuy Group per share 0.345 0.253 Share-based compensation expense per share 0.026 0.024 Amortization of intangible assets and related deferred taxation per share 0.008 0.009 Non-GAAP profit attributable to equity shareholders of Cogobuy Group per share 0.379 0.286 ===== =====
CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at December 31, 2016 December 31, December 31, 2016 2015 RMB'000 RMB'000 Non-current assets Property, plant and equipment 14,189 5,653 Intangible assets 51,286 63,508 Goodwill 201,659 184,260 Available-for-sale investments 107,426 114,330 Investment in an associate and a joint venture 16,446 - Other non-current assets 2,247 670 ----- --- 393,253 368,421 Current assets Inventories 1,394,835 609,172 Trade and other receivables 2,095,591 1,430,191 Loans to third parties 794,596 276,754 Available-for-sale investments 471,212 - Short term deposits 12,649 11,000 Pledged deposits 1,652,434 1,246,977 Cash and cash equivalents 1,825,543 1,024,269 --------- --------- 8,246,860 4,598,363 Current liabilities Trade and other payables 1,027,076 749,574 Bank loans 3,797,382 2,125,876 Amount due to a related party 38,985 35,687 Income taxes payable 81,776 43,334 ------ ------ 4,945,219 2,954,471 ========= ========= Net current assets 3,301,641 1,643,892 ========= ========= Total assets less current liabilities 3,696,894 2,012,313 Non-current liabilities Deferred tax liabilities 8,959 10,762 ----- ------ NET ASSETS 3,685,935 2,001,551 ========= ========= CAPITAL AND RESERVES Share capital 1 1 Reserves 3,600,493 1,921,199 --------- --------- Total equity attributable to equity shareholders 3,600,494 1,921,200 of the Company Non-controlling interests 85,441 80,351 ------ ------ TOTAL EQUITY 3,685,935 2,001,551 ========= =========
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ARLINGTON, Va., March 21, 2017 /PRNewswire/ -- In celebration of Women's History Month and International Women's Day, CEB , a best practice insight and technology company, is hosting events around the globe to honor the contribution women make in the workplace and to celebrate inclusion and gender equality.
"Women unlock even more business value for their clients and companies every day. Not only does our research show that companies with gender-diverse leadership outperform their peers, but women are increasingly influential in both B2B and B2C purchase decisions," said Melody Jones, chief administrative officer at CEB. "At CEB, we believe a diverse workplace is essential to our success in delivering insights and better understanding the needs of our global clients, who are diverse themselves."
There are a number of ways CEB employees will celebrate Women's Month, including:
-- Participating in the Women's Heritage Trail Walk - March 21, 2017 (Boston, MA) -- Hosting a Women in Power panel discussion - March 22, 2017 (Washington, D.C.) -- Attending an Ellevate Network hosted lunch with Sallie Krawcheck, author of "Own It: The Power of Women at Work" - March 27, 2017 (Washington, D.C.) -- Participating in a #BeBoldforChange pledge and Twitter/Instagram contest - March 31, 2017 (Chicago, IL) -- Joining a podcast series on Authentic Leadership featuring Dr. Anne-Marie Slaughter, Barbara Krumsiek and Dr. Susan Fleming - ongoing (Global)
In addition, the company will recognize women's contributions throughout history in a social media campaign and book giveaway that will profile inspirational women throughout history.
CEB is an active participant in the women's rights movement, striving for inclusion and gender equality for all. Over the past year, CEB was one of 25 companies to first sign the White House Equal Pay Pledge, and has since developed a strategic partnership with the Ellevate Network, a global women's networking organization. The partnership extends Ellevate membership benefits to CEB's female employees globally including networking among women business leaders, sharing of best practice insights and coaching, and being featured at Ellevate events, among other activities. The company also works closely with the Washington Women's Leadership Initiative and Lean In. Recently, CEB was named one of the top 10 companies for women to work, according to a study conducted by InHerSight.
Ms. Jones added, "A variety of views enables creativity and innovation. Because of this we are proud to be committed to the advancement of women in business globally."
Visit us online to learn more about Women at CEB and CEB's Diversity & Inclusion efforts.
CEB is a best practice insight and technology company. We help our customers grow by harnessing their untapped potential. Leaders at more than 10,000 organizations worldwide rely on our advisory services and technology solutions to manage their talent, customers and operations. CEB is a trusted partner to nearly 90% of the Fortune 500, more than 80% of the FTSE 100, and over 70% of the Dow Jones Asian Titans. More at cebglobal.com
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CONTACT: Kelly Blum, CEB, email@example.com, 571-303-5745
Web site: http://www.cebglobal.com/