Companies news of 2008-01-10 (page 1)
Lincoln Electric Schedules Annual Meeting of Shareholders
Overland Storage Schedules Second Quarter Fiscal Year 2008 Conference Call and Webcast
Paragon Technologies Amends Its Existing Stock Repurchase Program$2.9 Million Available...
NME and VDL to Showcase World's First Ever Multilayer Disc Manufacturing Line January...
SAP to Demonstrate Leadership at National Retail Federation ConventionNRF 2008 Highlights...
Jeffries & Co. Information on Taser's 7,234,262 Patent 'Grossly Inaccurate'
Abington Memorial Hospital Completes System-Wide Conversion to Masimo SET Pulse Oximetry...
Private Media Group and Mobile Streams Launch State of the Art 'Off-Portal'; Mobile Site -...
Jeffries & Co. Information on Taser's 7,234,262 Patent 'Grossly Inaccurate'
Nocopi Technologies, Inc. Meets With the United States Pharmacopeia (USP) Global Officials...
Pollster Frank Luntz Examines 'Sex In America' for Playboy's February IssueThe Exclusive...
MTS Announces First Quarter 2008 Earnings Release and Conference Call
Foundation Radiology Group Formalizes Strategic Partnership with Emageon to Provide...
More Cable TV Choice for Rhode Island Consumers90,000 More Households Now Can Order...
UBICS Announces ISO 9001:2000 and ISO 27001:2005 Certification for Its India Development...
LightPath Announcement: LightPath Technologies Signs a Multi-Year Agreement Exceeding $1...
Rutgers Investment Group and HomeLoanAdvisors.Com Ink Outsource AgreementRutgers to...
Kansas Department of Corrections Inmate Telephone Rates Decreasing
SRA Schedules Second Quarter FY 2008 Earnings Release and Conference Call
Cimatron and MetalForming Magazine Attract Hundreds of Die Makers to Online Seminar
Xantrex awarded new SOLON contract for solar inverters valued at US$12 million for 2008
TI's Sameer Pendharkar Accepts Prestigious Award from The Academy of Medicine, Engineering...
Verizon FiOS TV Customers in New York Have a Powerful New Way to Find and Enjoy Home...
AVIATION WEEK to Present Air Traffic Control Demand Management Forum Feb. 13-14 in New...
Missouri Police Department Introduces Electronic Traffic Citations- E-Ticketing Solution...
Onstream Media Corporation Management Comments on Recent Stock Activity and Reaffirms...
Sivoo Unveils 'CEDR' Technology PlatformContent Encode Distribute ReportTo Manage IP Video...
MTC Enters into Cancellation Agreement for Unmanned Aircraft System with USMC
Cowboy Announces Launch of Co-Branded Game for Hair Club with Playboy.com
Lincoln Electric Schedules Annual Meeting of Shareholders
CLEVELAND, Jan. 10 /PRNewswire-FirstCall/ -- Lincoln Electric Holdings, Inc. will hold its 2008 Annual Meeting of Shareholders at 11:30 a.m., Eastern Time, Friday, April 25, 2008, at the Marriott Cleveland East, 26300 Harvard Road, Warrensville Heights, Ohio 44122.
Lincoln Electric is the world leader in the design, development and manufacture of arc welding products, robotic arc-welding systems, plasma and oxyfuel cutting equipment and has a leading global position in the brazing and soldering alloys market. Headquartered in Cleveland, Ohio, Lincoln has 37 manufacturing locations, including operations, manufacturing alliances and joint ventures in 19 countries and a worldwide network of distributors and sales offices covering more than 160 countries. For more information about Lincoln Electric, its products and services, visit the Company's Web site at http://www.lincolnelectric.com/.
Lincoln Electric Holdings, Inc.
CONTACT: Roy L. Morrow, +1-216-383-4893, Roy_Morrow@lincolnelectric.com, of Lincoln Electric Holdings, Inc.
Web site: http://www.lincolnelectric.com/
Overland Storage Schedules Second Quarter Fiscal Year 2008 Conference Call and Webcast
SAN DIEGO, Jan. 10 /PRNewswire-FirstCall/ --
Who: Overland Storage, Inc. Executives:
Vernon A. LoForti, President and CEO
Kurt Kalbfleisch, Vice President, Finance and Interim CFO
What: Conference call and live audio Webcast
(http://www.overlandstorage.com/webcast):
Detailing financial results for the second quarter ended
December 31, 2007
When: Thursday, January 24, 2008
9:30 a.m. EST
A press release discussing earnings will be issued prior to the
market opening.
Call
Info: (800) 757-5680
Please dial-in at least five minutes prior to the start of the
call. NOTE: Pre-registration is required for access to the call
via phone line. To reserve a line, please call Jessica Sepulveda
at (858) 495-4232 or email her at jsepulveda@overlandstorage.com
Audio
Replay
Info: Domestic: (800) 633-8284
International: (402) 977-9140
To access the replay, enter passcode 21371022. The audio replay of
the conference call will be available until 11:30 p.m. EST on
February 14, 2008.
Webcast
Replay
Info: To access an archived audio replay of the Webcast on the Internet,
please visit the audio archive section of our Website at
http://www.overlandstorage.com/replay
The Webcast replay will become available approximately two hours
after the completion of the call.
Overland Storage, Inc.
CONTACT: Jessica Sepulveda of Overland Storage, Inc., +1-858-495-4232, jsepulveda@overlandstorage.com
Web site: http://www.overlandstorage.com/webcast http://www.overlandstorage.com/replay
Paragon Technologies Amends Its Existing Stock Repurchase Program$2.9 Million Available for Stock Repurchases
EASTON, Pa., Jan. 10 /PRNewswire-FirstCall/ -- Paragon Technologies, Inc. , a leading supplier of "smart" material handling solutions, including systems, technologies, products and services, announced today that its Board of Directors amended its existing stock repurchase program by increasing the amount it has authorized management to repurchase from up to $15,000,000 of the Company's common stock to up to $17,000,000. The stock repurchases may, at the discretion of the Company's management, be made from time to time on the open market or in privately negotiated transactions. Under the stock repurchase program, the Company may repurchase shares of its common stock from time to time in compliance with SEC regulations and subject to market conditions. The stock repurchase program does not require the Company to acquire any specific number of shares, and the Company may terminate the program at any time. To date, cash expenditures for stock repurchases under the existing stock repurchase program have amounted to approximately $14,116,000. Subject to the $17,000,000 limitation, of which approximately $2,884,000 remains available for repurchases, the timing and quantity of any stock repurchases will be at the sole discretion of the Company.
About Paragon Technologies
Paragon Technologies is a leader in integrating material handling systems and creating automated solutions for material flow applications. SI Systems' branded technologies and material handling solutions address unit assembly in manufacturing operations and order fulfillment applications. One of the top material handling systems suppliers worldwide, SI Systems leading clients have included the United States Postal Service, BMG, Peterbilt, Honda, and Maybelline.
Cautionary Statement. Certain statements contained herein are not based on historical fact and are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities and Exchange Commission rules, regulations and releases. Paragon intends that such forward-looking statements be subject to the safe harbors created hereby. Among other things, the forward-looking statements regard Paragon's earnings, liquidity, financial condition, review of strategic alternatives, and other matters. Words or phrases denoting the anticipated results of future events, such as "anticipate," "does not anticipate," "should help to," "believe," "estimate," "is positioned," "expects," "may," "will," "is expected," "should," "continue," and similar expressions that denote uncertainty, are intended to identify such forward-looking statements. Paragon's actual results, performance, or achievements could differ materially from the results expressed in, or implied by, such "forward-looking statements:" (1) as a result of factors over which Paragon has no control, including the strength of domestic and foreign economies, sales growth, competition, and certain cost increases; and (2) if the factors on which Paragon's conclusions are based do not conform to its expectations. The forward-looking statements contained in this press release may become outdated over time. Paragon does not assume any responsibility for updating any forward-looking statements. Furthermore, achievement of the objectives of the Company is subject to certain risks, including, but not limited to, those risks outlined in Paragon's filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2006 and the most recent quarterly report on Form 10-Q for the quarter ended September 30, 2007.
This press release and prior releases are available at http://www.ptgamex.com/.
Paragon Technologies, Inc.
CONTACT: Len Yurkovic, Acting CEO of Paragon Technologies, Inc., +1-610-252-3205, Fax, +1-610-252-3102
Web site: http://www.ptgamex.com/
NME and VDL to Showcase World's First Ever Multilayer Disc Manufacturing Line January 22nd, 2008
EINDHOVEN, The Netherlands, Jan. 10 /PRNewswire-FirstCall/ -- New Medium Enterprises, Inc. ("NME") (BULLETIN BOARD: NMEN) provider of the affordable, high-quality HD VMD (Versatile Multilayer Disc) format, will be co-hosting "Global HD VMD Day," taking place on January 22nd 2008 at VDL-ODMS in Eindhoven, The Netherlands.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080110/LATH066)
NME will showcase the world's first ever commercial 'Multilayer' HD VMD replication line to both the entertainment and optical disc industries and press. The event will be a celebration of the HD VMD format and will provide industry and press with worldwide updates of recent milestones. NME will also take this opportunity to announce some of its new partnerships.
Attendees will see presentations from co-hosts NME and VDL Group and will be given an exclusive tour of the new line at VDL-ODMS. Guests will also see technology demonstrations as well as exhibits of HD VMD products and services. Confirmed attendees include distinguished members of the press from the entertainment/video, consumer electronics, digital authoring and optical disc industries.
Joining hosts VDL-ODMS will be NME's main partners from the optical disc industry including Netstal, AWM, Plasmon, Datarius and Planet Optical Disc.
Sanjay Khar, Director of NME Inc. and Head of the Optics Division states, "It's a first. This revolutionary new technology is the consummation of the brilliant ideas from our scientific team and the practical expertise of our industry partners." Sanjay also comments, "In the end, what we have achieved is an affordable and stable solution with lots of proven process modules for our partners and customers."
VDL-ODMS Product Manager Geffroy Huiskens comments, "VDL-ODMS and VDL Industrial Modules are proud to host the official HD VMD launch event. By creating the HD VMD production solution, we have once again demonstrated our engineering and mechanization capabilities in the area of optical discs." Huiskens adds, "We consider HD VMD the only true alternative to Blu-ray based on red laser and really see a prosperous future for this emerging format."
The technological breakthrough for the Multilayer disc was made possible through NME's patented '2p' process method. Subsequent advances in HD consumer electronics and film authoring software have followed as a result of the company's groundbreaking advances in optical discs.
For more information on Global HD VMD Day go to http://www.nmestore.com/hdvmd.
About NME
New Medium Enterprises Inc. is listed on the OTCBB exchange in the U.S. under the symbol NMEN. NME's HD VMD drives offer the world's first affordable format in true High Definition based on current red laser technology and the existing DVD industrial infrastructure. Incorporating breakthrough optical storage capacity, red laser-based players, the HD VMD file format, copyright encryption, authoring tools and compression technologies, NME is providing the only high-quality and high-value offering for the consumer electronics market. For additional information about NME, please visit http://www.nmeinc.com/.
About VDL-ODMS
For more information about VDL-ODMS, please visit http://www.vdl-odms.com/.
For information on the VDL Group, please visit http://www.vdl.nl/.
What you should know about HD VMD
HD VMD (Versatile Multilayer Disc) is NME's proprietary high definition disc format based on established red laser technology. NME are also the developers of the world's first ever commercial multilayer disc format. HD VMD's seamless and cost-effective manufacturing solutions for High Definition products are based on the existing DVD production and industrial infrastructure. HD VMD prices and costs are very close to DVD's and bring a quality that rivals both Blu-ray and HD-DVD.
HD VMD is a full HD format with 1920 x 1080i/p resolution, up to 40 Mbps bit rate playback, DVD up-scaling so users can watch their existing DVD collection and achieve premium picture quality through their HD TVs. The HD VMD player is suitable for playback on all HD-capable displays and will support existing optical disc formats: CD, DVD. HD VMD players also feature Advanced Encryption Standard (AES) and all region codes for greater film viewing flexibility.
HD VMD is currently being adopted by content providers and distributors in more than a dozen countries worldwide, including Australia, Denmark, Finland, France, Iceland, India, New Zealand, Norway, Poland, Sweden, the United Kingdom and the United States.
SAFE HARBOR
This 'Press Release' contains forward-looking statements as defined by the federal securities laws which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may discuss our future expectations, contain projections of our future results of operations or of our financial position, or state other forward-looking information. However, there may be events in the future that we are not able to accurately predict or control. Forward-looking statements are only predictions that relate to future events or our future performance and are subject to substantial known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results, outcomes, levels of activity, performance, developments, or achievements to be materially different from any future results, outcomes, levels of activity, performance, developments, or achievements expressed, anticipated, or implied by these forward-looking statements. As a result, we cannot guarantee future results, outcomes, levels of activity, performance, developments, or achievements, and there can be no assurance that our expectations, intentions, anticipations, beliefs, or projections will result or be achieved or accomplished. In summary, you should not place undue reliance on any forward-looking statements.
Contact:
Patrick Henningsen
Director of Communications
NME, Inc. Headquarters
VMD House; 195 The Vale
London, UK W3 7QS
Tel: +44208749 9955
Email: patrick@nmeinc.com
Geffroy Huiskens
Product Manager
VDL ODMS
Daalakkersweg 8
5641 JA Eindhoven
P.O. Box 395
5600 AJ Eindhoven
The Netherlands
Phone: +31 402829500
Fax: +31 402829525
Mobile: +31 646616843
Email: geffroy.huiskens@vdl-odms.com
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080110/LATH066 PRN Photo Desk, photodesk@prnewswire.com
New Medium Enterprises, Inc.
CONTACT: Patrick Henningsen, Director of Communications of NME, Inc. Headquarters, +44208749 9955, patrick@nmeinc.com; or Geffroy Huiskens, Product Manager of VDL ODMS, +31 402829500, mobile, +31 646616843, fax, +31 402829525, geffroy.huiskens@vdl-odms.com
Web site: http://www.nmeinc.com/ http://www.vdl-odms.com/ http://www.vdl.nl/
SAP to Demonstrate Leadership at National Retail Federation ConventionNRF 2008 Highlights to Include Harrods Super Session, Executive Customer Roundtable, Introduction of New Head of Retail and Wholesale Industries at SAP and Product Demonstrations for Retailers of All Sizes
NEW YORK and NEWTOWN SQUARE, Pa., Jan. 10 /PRNewswire-FirstCall/ -- After another record-breaking year of continued leadership and commitment in delivering innovative solutions to retailers worldwide, SAP AG today announced its planned activities for the world's leading retail event, the National Retail Federation (NRF) 97th Annual Convention and Expo, being held at the Jacob K. Javits Convention Center in New York, NY, January 13-16.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a)
SAP Customer Harrods to Host Super Session
On Monday, January 14, Harrods, a long-standing SAP customer, will host a Super Session on the topic, "Anything is Possible: How Harrods Understands, Anticipates and Inspires its Customers." For more than 155 years, Harrods has been a successful retailer that sells everything from postage stamps to airplanes. During this session, Harrods' chief information officer, David Llamas, will offer insight into how the legendary London department store transformed into a global, multi-channel brand. Participants will learn how Harrods leverages a single platform from SAP to enhance customer service, increase operational efficiency and take advantage of new multi-channel opportunities.
"With SAP, our overall IT efficiency has improved measurably," said David Llamas, chief information officer, Harrods. "As a percentage of sales, Harrods' IT spending is now 0.7 percent, whereas in other similar businesses it is closer to 2 to 3 percent. By consolidating our legacy applications onto a unique platform, we don't need teams maintaining those previous legacy applications, resulting in a less complex environment that is easier to support and develop."
Executive Roundtable to Feature Beall's, Harrods and Steve & Barry's
SAP will be hosting an executive customer roundtable on Tuesday, January 15. This invitation-only panel will offer press and analysts the opportunity to speak directly to SAP customers, including Beall's, Harrods and Steve & Barry's about their operations as well as how SAP is enabling them to be best-run retailers.
SAP Strengthens Retail Leadership With New Senior Vice President of Trading
At NRF, SAP will introduce Verlin Youd, the newly appointed senior vice president of Trading Industries. In this position, Youd is responsible for the company's strategy, approach and execution for the retail and wholesale industries, and has the primary focus of delivering value to customers. With more than 18 years of experience in the software and retail industry, Youd brings a strong track record of success in delivering value to retailers around the world. Prior to joining SAP, Youd was the vice president of industry solutions at Motorola, where he led strategy and plan execution across all target industries including retail and hospitality, transportation and logistics, wholesale distribution, manufacturing, energy and utilities, healthcare and field mobility.
"SAP is honored to continue our support of the National Retail Federation and join with our customers to share experiences and keys to success in a demanding retail environment," said Youd. "I am proud to be a part of a leading organization whose market leadership is communicated by industry experts and most importantly its customers, which truly demonstrates SAP's commitment to enable retailers to be best-run businesses."
SAP will showcase its solutions for fast-growing retailers in a large exposition booth (#1601) at NRF that will feature SAP(R) for Retail solutions for point-of-sale, demand management, in-store and channel management, category and merchandise management, buying and vendor management, supply chain management and core operations. SAP will also demonstrate how its partner ecosystem creates compelling value for customers. Visitors to the SAP booth will be able to review SAP alliance solutions and services from CIBER, Data Business Systems, Hewlett-Packard, IBM, SEAL Consulting and UCS Solutions.
About SAP(R) for Retail
SAP is the leading provider of application solutions for the retail industry. SAP helps retailers of all sizes to understand, anticipate and inspire their customers, employees and shareholders by delivering results. The SAP(R) for Retail solution portfolio provides specific solutions for retail companies in the food, fashion and hardlines businesses. The solution portfolio consists of building blocks that cover the areas of merchandising (including demand management -- price, promotion and markdown optimization); store operations (including a portfolio of POS solutions); supply chain, finance and human resources. SAP allows companies to implement solutions in a step-by-step approach, and provides an easy, cost-effective means to connect information across the business. (Additional information at http://www.sap.com/retail/.)
About SAP
SAP is the world's leading provider of business software*. Today, more than 43,400 customers in more than 120 countries run SAP(R) applications-from distinct solutions addressing the needs of small businesses and midsize companies to suite offerings for global organizations. Powered by the SAP NetWeaver(R) technology platform to drive innovation and enable business change, SAP software helps enterprises of all sizes around the world improve customer relationships, enhance partner collaboration and create efficiencies across their supply chains and business operations. SAP solution portfolios support the unique business processes of more than 25 industries, including high tech, retail, financial services, healthcare and the public sector. With subsidiaries in more than 50 countries, the company is listed on several exchanges, including the Frankfurt stock exchange and NYSE under the symbol "SAP." (Additional information at )
(*) SAP defines business software as comprising enterprise resource
planning and related applications such as supply chain management,
customer relationship management, product life-cycle management and
supplier relationship management.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward- looking statements, which speak only as of their dates.
Copyright (C) 2007 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)
For more information, press only:
Evan Welsh, +1 (610) 203-9742, evan.welsh@sap.com, CET
SAP Press Office, +49 (6227) 7-46315, CET; +1 (610) 661-3200, EST;
press@sap.com
Jim Sarlo, Burson-Marsteller, +1 (312) 596-3525, jim.sarlo@bm.com, CST
Photo: http://www.newscom.com/cgi-bin/prnh/20050310/SFTH009LOGO-a AP Archive: http://photoarchive.ap.org/ PRN Photo Desk photodesk@prnewswire.com
SAP AG
CONTACT: Evan Welsh, +1-610-203-9742, evan.welsh@sap.com, CET, or SAP Press Office, +49-6227-7-46315, CET, +1-610-661-3200, EST, press@sap.com, both of SAP; or Jim Sarlo of Burson-Marsteller, +1-312-596-3525, jim.sarlo@bm.com, CST, for SAP
Web site: http://www.sap.com/
Jeffries & Co. Information on Taser's 7,234,262 Patent 'Grossly Inaccurate'
TAMPA, Fla., Jan. 10 /PRNewswire-FirstCall/ -- Stinger Systems, Inc. (BULLETIN BOARD: STIY) , a leader in electro-stun technology, today announced that Mr. Matthew McKay's at Jeffries & Co. statement that Taser's challenged 7,234,262 patent only reads upon its low sales volume M-26 weapon is grossly inaccurate. The 7,234,262 patent is for the data recording feature, which is integral to the circuit design of both Taser's M26 and X26 weapons. The X-26 provides the vast bulk of Taser International, Inc.'s weapon sales. Tasers's patent 5,936,183 for a non-lethal landmine has already been cancelled, and the United States Patent Office has refused to reinstate the patent. On December 21, 2007, Stinger Systems, Inc. filed PTO/SB/57 with the U.S. Commissioner of Patents for a reexamination of Taser International, Inc.'s intellectual property. With the allegations of inequitable conduct in a pending federal law suit, Taser's related patents 6,636,412 and 7,075,412 are also at risk of invalidation, as well as their wave shaping technology which some consider Taser's core technology.
Attorney James McNulty commented, "It is exactly this type of misinformation's being fed to the financial markets that can ultimately so hurt the small investor. I would urge anyone go to http://www.uspto.gov/, the official site of the United States Patent and Trademark Office, where accurate copies of the concerned patents are available, and, themselves, evaluate the importance of these patents to Taser's continued operation. I would also urge the analyst's community to look at Taser's conduct in recent federal court cases to gain a sense of the character of Taser's governance or lack thereof. I, myself, having no equity interest in Stinger Systems, Inc. whatsoever, but having decades of experience with legal issues, business issues, personalities and technology here involved, consider these patent reexamination to be quite serious."
ABOUT STINGER SYSTEMS
Stinger Systems, Inc., a leading provider of electro stun technologies, develops and sells a broad array of products utilizing advanced electro sparc- pulsed technology to police, corrections, and security sectors worldwide. http://www.stingersystems.com/.
FORWARD-LOOKING STATEMENTS
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on Stinger Systems' current intent, belief and expectations. These statements are not guarantees of future performance and are subject to certain risks and uncertainties that are difficult to predict. Actual results may differ materially from these forward-looking statements because of the risks described in Stinger Systems' filings with the Securities and Exchange Commission. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today's date. Stinger Systems undertakes no obligation to update or revise the information contained in this announcement whether as a result of new information, future events or circumstances, or otherwise.
Stinger Systems, Inc.
CONTACT: Robert Gruder, CEO of Stinger Systems, Inc., +1-866-788-6746, info@stingersystems.com
Web site: http://www.stingersystems.com/ http://www.uspto.gov/
Abington Memorial Hospital Completes System-Wide Conversion to Masimo SET Pulse Oximetry TechnologyTeaching hospital sets the pace for healthcare in the Philadelphia suburbs with unique new capabilities enabled by Masimo SET and Masimo Rainbow SET technologies
IRVINE, Calif., Jan. 10 /PRNewswire-FirstCall/ -- Abington Memorial Hospital and Masimo , the inventor of Pulse CO-Oximetry and Read-Through-Motion & Low Perfusion Pulse Oximetry, have announced the completion of Philadelphia-based Abington Memorial Hospital's system-wide conversion to Masimo SET Pulse Oximetry. The hospital performed an extensive and thorough evaluation of Masimo SET technology and cited clinical preference, patient safety and unique capabilities as key factors for the conversion.
Dr. Ara Moomjian, Chief of Neonatology at Abington Memorial Hospital, said, "When surveyed, Abington clinicians clearly preferred Masimo SET technology over other available pulse oximetry solutions and the superior performance of Masimo SET during multi-departmental evaluations only served to cement the decision."
Abington Memorial Hospital is a 570-bed regional teaching hospital in Abington, Pennsylvania. With more than 34,000 inpatient admissions and greater than 5,000 births annually, the hospital is a major regional referral center for cancer care, cardiac care, and surgery (including orthopaeadic surgery and neurosurgery) and maintains the only Level II trauma center in Montgomery County.
By making the conversion to Masimo, Abington Memorial Hospital joins other top hospitals in the United States -- including four of the top five -- as listed on the US News & World Report Honor Roll, which have all adopted Masimo SET as their primary pulse oximetry platform. Masimo SET is clinically proven in more than 100 independent and objective studies to provide the most trustworthy SpO2 readings even under the most difficult clinical conditions, including patient motion and low peripheral perfusion. These studies demonstrate that Masimo SET delivers improvements in outcomes, safety and efficiency.
"After converting to Masimo SET, we noticed a significant decrease in false alarms," said Dr. Stephen Snyder, Neonatologist at Abington Memorial Hospital. "In the past, other monitors would falsely alarm in the presence of motion or low perfusion, which would prolong the patients' length of stay. Hospital protocols dictate that if a neonatal patient has a significant SpO2 alarm during the last 24 hours of their stay, they are required to be monitored longer before they can be discharged."
In addition to Abington Memorial Hospital's system-wide standardization to Masimo SET pulse oximetry, the conversion also allows hospital clinicians to utilize Masimo Rainbow SET technology. Masimo Rainbow SET is an upgradable noninvasive blood constituent monitoring platform that is capable of measuring additional blood constituents that previously required invasive procedures. Masimo Rainbow SET's first application is Pulse CO-Oximetry, the first and only technology platform capable of continuously and noninvasively measuring carboxyhemoglobin (SpCO) and methemoglobin (SpMet), in addition to oxyhemoglobin (SpO2), perfusion index (PI), pleth variability index (PVI) and pulse rate.
Joe E. Kiani, CEO of Masimo, stated, "Abington Memorial Hospital is a large and growing teaching hospital in the Philadelphia suburbs that is setting the pace for the next-generation of hospital physicians, specialists and clinical staff. This conversion is especially rewarding because they have chosen Masimo SET and Masimo Rainbow SET technologies to prepare their future generations of healthcare professionals. We are proud that Masimo SET is the pulse oximetry standard of care at work in Abington Memorial Hospital for today's patients and tomorrow's healthcare leaders."
About Masimo
Masimo develops innovative monitoring technologies that significantly improve patient care -- helping solve "unsolvable" problems. In 1995, the company debuted Read-Through Motion and Low Perfusion pulse oximetry, known as Masimo SET, and with it virtually eliminated false alarms and increased pulse oximetry's ability to detect life-threatening events. Masimo SET is clinically proven in more than 100 independent and objective studies to provide the most trustworthy SpO2 and pulse rate measurements even under the most difficult clinical conditions, including patient motion and low peripheral perfusion. In 2005, Masimo introduced Masimo Rainbow SET, a breakthrough noninvasive blood constituent monitoring platform that can measure many blood constituents that previously required invasive procedures. Rainbow SET continuously and noninvasively measures carboxyhemoglobin (SpCO) and methemoglobin (SpMet), pleth variability index (PVI), in addition to oxyhemoglobin (SpO2), perfusion index (PI) and pulse rate, allowing early detection and treatment of potentially life-threatening conditions. Founded in 1989, Masimo has the mission of "Improving Patient Outcomes and Reducing Cost of Care by Taking Noninvasive Monitoring to New Sites and Applications." Additional information about Masimo and its products may be found at http://www.masimo.com/.
Forward Looking Statements
This press release may include forward-looking statements. These forward-looking statements are based on current expectations about future events affecting us and are subject to uncertainties and factors, all of which are difficult to predict and many of which are beyond our control, including: risks related to our assumption that Masimo SET and Masimo Rainbow SET will deliver a sufficient level of clinical improvement over alternative pulse oximetry and patient monitoring systems to allow for rapid adoption of the technology at hospitals, as well as other factors discussed in the "Risk Factors" section of our quarterly report on Form 10-Q for the quarter ended September 29, 2007, filed with the Securities and Exchange Commission on November 1, 2007. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. We do not undertake any obligation to update, amend or clarify these forward- looking statements or the risk factors contained in our quarterly report on Form 10-Q for the quarter ended September 29, 2007, whether as a result of new information, future events or otherwise, except as may be required under the federal securities laws.
Contact:
Tom McCall
Masimo Corporation
949-297-7075
Masimo, SET, Signal Extraction Technology, Improving Outcomes and Reducing Cost of Care by Taking Noninvasive Monitoring to New Sites and Applications, Rainbow, SpCO, SpMet, PVI and Pulse CO-Oximeter are trademarks or registered trademarks of Masimo Corporation.
Masimo
CONTACT: Tom McCall of Masimo Corporation, +1-949-297-7075
Web site: http://www.masimo.com/
Private Media Group and Mobile Streams Launch State of the Art 'Off-Portal'; Mobile Site - www.private.mobi
BARCELONA, Spain, Jan. 10 /PRNewswire-FirstCall/ -- Private Media Group, Inc , a global leader in high quality adult entertainment, and Mobile Streams, the premier global music and media provider, today announced the European launch of Private's mobile portal site http://www.private.mobi/, the first stage in the development of their strategic global partnership.
Private.mobi is exclusively focused on the rapidly growing "off-portal", direct to consumer mobile content market. It utilizes Mobile Streams' Vuesia solution, which includes advanced strategic integration with major search engines such as Google, Yahoo and Microsoft, and the search results offer a uniquely tailored "one-click-to-the-correct-content" response for the user. The site will be aggressively marketed both on and offline. This includes the vast array of media platforms that Private is distributed on such as internet, broadcasting channels, DVDs and magazines.
Peter Cohen, COO of Private Media Group stated: "Private is the most distributed global adult brand in the mobile business. We are currently available 'on-portal' on over 800 million handsets in 35 countries via 83 operators and we are very focused on maximizing our mobile content distribution as 'off-portal' content delivery is projected to exponentially grow in the next few years. With this new delivery method we are anticipating significant incremental growth in contribution to operating profit from our mobile division."
"The direct to consumer channel is growing strongly", stated Simon Buckingham, CEO of Mobile Streams. "Private owns the largest high quality adult content library in the world. As users search more widely for content that fits their individual interests, Private's brand quality and depth of product offerings utilizing Mobile Streams technology platform will present them with an exciting and fulfilling mobile internet experience."
About Mobile Streams
Mobile Streams is a leading provider of music, comedy, sport and entertainment content to handsets and other wireless devices, whose mobile expertise and distribution platform, "Vuesia," is used globally by some of the world's largest media groups and mobile phone networks including Vodafone, and 3 in the UK, America Movil, Movistar & TIM in Latin America, Fido & Rogers in Canada and Dobson in the US. "Vuesia" is Mobile Streams' full service enterprise mobile media management solution. "Vuesia" facilitates content ingestion, management, delivery, billing and reporting.
The Company creates, licenses and delivers quality content to Mobile Network Operators (MNOs) and consumers in the form of ring tones, graphics, video clips and other products. It has developed relationships with both content owners and MNOs which enable it to act as an intermediary, providing an end-to-end service encompassing a broad range of elements from content licensing to content production, account management and channel management.
Mobile Streams has subsidiaries in Germany, the US, Argentina, Brazil, Mexico, Chile, Colombia, Sydney and Singapore and has approximately 100 employees.
For more information, please go to http://www.mobilestreams.com/.
About Private Media Group
With its 40 year track record, NASDAQ listed Private Media Group is a brand-driven world leader in adult entertainment and distributes premium quality content globally via a wide range of platforms including more than 800 million mobile telephone handsets, IPTV/VOD, broadband Internet, television broadcasting, DVDs and magazines. Private Media Group owns the worldwide rights to its extensive archive of high-quality content, and also licenses its Private and "Silver Girls" trademarks internationally for a select range of luxury consumer products.
Disclaimer
This release contains, in addition to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company's current judgments of those issues. However, because those statements are forward-looking and apply to future events, they are subject to such risks and uncertainties, which could lead to results materially different than anticipated by the Company.
For further information please contact:
Giles Hirst
Marketing Director
Private Media Group
tel + 34 93 590 70 70
giles.hirst@private.com
Private Media Group
CONTACT: Giles Hirst, Marketing Director of Private Media Group, + 34 93 590 70 70, giles.hirst@private.com
Web site: http://www.prvt.com/ http://www.mobilestreams.com/
Jeffries & Co. Information on Taser's 7,234,262 Patent 'Grossly Inaccurate'
TAMPA, Fla., Jan. 10 /PRNewswire-FirstCall/ -- Stinger Systems, Inc. (BULLETIN BOARD: STIY) , a leader in electro-stun technology, today announced that Mr. Matthew McKay's at Jeffries & Co. statement that Taser's challenged 7,234,262 patent only reads upon its low sales volume M-26 weapon is grossly inaccurate. The 7,234,262 patent is for the data recording feature, which is integral to the circuit design of both Taser's M26 and X26 weapons. The X-26 provides the vast bulk of Taser International, Inc.'s weapon sales. Tasers's patent 5,936,183 for a non-lethal landmine has already been cancelled, and the United States Patent Office has refused to reinstate the patent. On December 21, 2007, Stinger Systems, Inc. filed PTO/SB/57 with the U.S. Commissioner of Patents for a reexamination of Taser International, Inc.'s intellectual property. With the allegations of inequitable conduct in a pending federal law suit, Taser's related patents 6,636,412 and 7,075,412 are also at risk of invalidation, as well as their wave shaping technology which some consider Taser's core technology.
Attorney James McNulty commented, "It is exactly this type of misinformation's being fed to the financial markets that can ultimately so hurt the small investor. I would urge anyone go to http://www.uspto.gov/, the official site of the United States Patent and Trademark Office, where accurate copies of the concerned patents are available, and, themselves, evaluate the importance of these patents to Taser's continued operation. I would also urge the analyst's community to look at Taser's conduct in recent federal court cases to gain a sense of the character of Taser's governance or lack thereof. I, myself, having no equity interest in Stinger Systems, Inc. whatsoever, but having decades of experience with legal issues, business issues, personalities and technology here involved, consider these patent reexamination to be quite serious."
ABOUT STINGER SYSTEMS
Stinger Systems, Inc., a leading provider of electro stun technologies, develops and sells a broad array of products utilizing advanced electro sparc- pulsed technology to police, corrections, and security sectors worldwide. http://www.stingersystems.com/.
FORWARD-LOOKING STATEMENTS
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on Stinger Systems' current intent, belief and expectations. These statements are not guarantees of future performance and are subject to certain risks and uncertainties that are difficult to predict. Actual results may differ materially from these forward-looking statements because of the risks described in Stinger Systems' filings with the Securities and Exchange Commission. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today's date. Stinger Systems undertakes no obligation to update or revise the information contained in this announcement whether as a result of new information, future events or circumstances, or otherwise.
Stinger Systems, Inc.
CONTACT: Robert Gruder, CEO of Stinger Systems, Inc., +1-866-788-6746, info@stingersystems.com
Web site: http://www.stingersystems.com/ http://www.uspto.gov/
Nocopi Technologies, Inc. Meets With the United States Pharmacopeia (USP) Global Officials on Pharmaceutical Product Counterfeiting and Diversion; Introduces New Tamper Resistant Prescription Pads
WEST CONSHOHOCKEN, Pa., Jan. 10 /PRNewswire-FirstCall/ -- Michael A. Feinstein, M.D., Chairman and Chief Executive Officer of Nocopi Technologies, Inc. (BULLETIN BOARD: NNUP) and members of his staff met recently with the USP's Executive Vice President and Chief Executive Officer Roger L. Williams, M.D., and its leadership staff representing four Continents at the Organization's Headquarters in Rockville, MD. The discussion covered worldwide efforts currently underway to combat pharmaceutical product counterfeiting and diversion, an introduction to Nocopi's Secure Rub tamper-proof prescription pads and information about Nocopi's overt and covert technologies and products.
Nocopi Technologies is a well-known company in the business of developing solutions against counterfeiting, product diversion, document security, and authentication via patented technologies (including invisible inks, color changing inks, reactive thread and document security paper products).
The USP, an independent, science-based public health organization, promotes public health by developing and disseminating quality standards and information for medicines, and disseminates this information to practitioners, pharmacists, and others who make decisions about healthcare around the world. The USP's Drug Quality and Information (USP DQI) program has established a presence in USAID-priority countries on four continents, advancing strategies to improve drug quality and the appropriate use of drugs. Recent reports indicate the availability of substandard and counterfeit drugs has reached a disturbing proportion in many low-income countries.
Both parties discussed the new federal requirements which will start to go into effect on April 1, 2008, as the result of recently enacted legislation, requiring that states not pay pharmacies for Medicaid prescriptions that do not have at least one of three characteristics designed to prevent fraud and abuse through the reproduction and/or modification of prescriptions. Those characteristics are:
-- one or more industry-recognized features designed to prevent
unauthorized copying of a completed or blank prescription form;
-- one or more industry-recognized features designed to prevent the
erasure or modification of information written on the prescription by
the provider; and
-- one or more industry-recognized features designed to prevent the use
of counterfeit prescription forms.
Nocopi's new Tamper Resistant Prescription Pads meet all three of these requirements.
By October 1, 2008, all three anti-counterfeiting characteristics must be embedded in all Medicaid prescription orders. The Nocopi representatives demonstrated its secure prescription paper, which is marketed under the brand name Secure Rub. This economical and secure paper can be run through any offset press to print the specific information required for any doctor's office.
Nocopi participants demonstrated examples of overt and covert technologies and products designed to combat counterfeiting and diversion. Examples were provided to show how to determine where a diversion problem is occurring, and how to positively identify the real product from the knock-offs.
Dr. Feinstein said, "We believe that both overt and covert security can be blended in such a manner as to help the drug manufacturer, distributor, and pharmacist track and trace exactly where pharmaceutical products are going. Our technologies at Nocopi allow for the interruption of diversion channels, help to authenticate the product as not being counterfeit, and all at a very small cost per unit." Dr. Feinstein further added, "Nocopi is encouraged by the USP's concern about the counterfeit and diverted pharmaceutical problem. For many years a myriad of other products have been protected against such problems, and now our own health and well-being must also be."
As a follow-up to this meeting, both parties agreed to continue to exchange information about pharmaceutical counterfeiting and diversion issues. Nocopi has been requested by the USP to supply samples of its technologies and products for their consideration in current and future USP DQI program efforts.
FORWARD-LOOKING INFORMATION
The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. Actual results may differ materially from such forward-looking statements (a summary of which may be found in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2006 and its Quarterly Report on Form 10-QSB for the quarter ended September 30, 2007 under the caption "Risk Factors"). The Company does not undertake to publicly update or revise its forward-looking statements even if experience or further changes make it clear that any projected results (expressed or implied) will not be realized.
Contact: Rudolph Lutterschmidt, Chief Financial Officer
Nocopi Technologies, Inc., (610) 834-9600
Nocopi Technologies, Inc.
CONTACT: Rudolph Lutterschmidt, Chief Financial Officer of Nocopi Technologies, Inc., +1-610-834-9600
Pollster Frank Luntz Examines 'Sex In America' for Playboy's February IssueThe Exclusive Survey Reveals a Country United by Similar Sexual Views
CHICAGO, Jan. 10 /PRNewswire-FirstCall/ -- The United States may be divided on social and cultural issues, but according to Playboy magazine's exclusive nationwide "Politics of Sex" poll by Frank Luntz, voters in both blue states and red states are surprisingly united when it comes to sexual matters, and there is less separation in the bedroom than originally thought (issue on newsstands and at http://www.playboydigital.com/ Friday, January 11).
"Today in America there may seem to be little or no consensus on matters of policy or politics. But according to the results of Playboy's 'Politics of Sex' survey, all you have to do is change the subject from what happens on Capitol Hill to what happens between the sheets, and the political chasm is bridged by unexpectedly similar sexual views," said Luntz in the magazine's February issue. "Social and cultural issues still divide us by gender, age and race, but on that most intimate of personal issues we are surprisingly united. Has the end of one revolution marked the beginning of another? Instead of 'Make love, not war,' today's slogan could be 'Let's stop arguing and go to bed.'"
Following are selected results from Luntz' survey:
-- More people under 40 have sex at least once a week than vote for
president once every four years.
-- 25 percent of all Republicans and 35 percent of all Democrats have had
more than 10 sexual partners in their lifetime-a higher percentage
than vote in congressional and local elections.
-- 55 percent of Republicans have sex at least once a week, compared with
just 43 percent of Democrats.
-- 14 percent of Thompson supporters and 12 percent of Obama supporters
claim to have sex "almost every day." 5 percent of Clinton and
Giuliani supporters have sex that frequently.
-- On average, Republicans say they were 18.4 years old when they first
had sex. Independents were 17.6 and Democrats 17.5.
-- 58 percent of respondents think Bill Clinton was the sexiest president
of the past 40 years; Ronald Reagan is second, with 22 percent. 38
percent say Richard Nixon was the least sexy; Bill Clinton is second,
with 18 percent.
-- 23 percent of all Republicans and 24 percent of all Democrats would
"definitely" or "probably" say yes to a one-night stand in the Oval
Office with a president they found physically and sexually attractive.
-- 51 percent of all Republicans and 67 percent of all Democrats have
watched porn with their sexual partners.
-- 55 percent of people who attend church every week consider themselves
to be "sexually adventurous."
-- Americans of both parties say they are more turned on by intelligence
than by physical appearance.
All findings were based on a nationally representative survey of 900 registered voters between the ages of 18 and 65, all of whom are very likely to vote in the 2008 Presidential election.
Playboy
CONTACT: Theresa Hennessey of Playboy, +1-312-373-2444, theresah@playboy.com
Web site: http://www.playboydigital.com/
MTS Announces First Quarter 2008 Earnings Release and Conference Call
EDEN PRAIRIE, Minn., Jan. 10 /PRNewswire-FirstCall/ -- MTS Systems Corporation will release its first quarter results on January 23, 2008 after market close. A conference call will be held on January 24, 2008 at 10:00 a.m. EST (9:00 a.m. CST).
(Logo: http://www.newscom.com/cgi-bin/prnh/20020430/MTSCLOGO)
Live Conference Call:
Call 719-325-4843 -- you will be asked to state the conference passcode "4515390".
Conference Call Replay:
Call 719-457-0820 conference passcode "4515390" -- the replay is available through January 31, 2008.
Live and Archived Webcast:
If you prefer to listen live over the Internet -- please log on to the web at http://www.mts.com/news/financial_news.htm and click on the webcast event notice. The webcast will be archived through April 22, 2008.
About MTS Systems Corporation
MTS Systems Corporation is a leading global supplier of test systems and industrial position sensors. The Company's testing hardware and software solutions help customers accelerate and improve their design, development, and manufacturing processes and are used for determining the mechanical behavior of materials, products, and structures. MTS' high-performance position sensors provide controls for a variety of industrial and vehicular applications. MTS had 1,618 employees and revenue of $421 million for the fiscal year ended September 29, 2007. Additional information on MTS can be found on the worldwide web at http://www.mts.com/.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20020430/MTSCLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk, photodesk@prnewswire.com
MTS Systems Corporation
CONTACT: Barbara J. Carpenter, Assistant Secretary of MTS Systems Corporation, +1-952-937-4006
Web site: http://www.mts.com/
Foundation Radiology Group Formalizes Strategic Partnership with Emageon to Provide Advanced Imaging Software to Facilitate Industry-Leading Turnaround and Patient Care Response Times
PITTSBURGH, Jan. 10 /PRNewswire/ -- Pittsburgh-based Foundation Radiology Group (FRG), which uses board-certified radiologists to read and interpret diagnostic images for hospitals, has licensed Emageon's RadSuite(TM) enterprise content and workflow manager and PACS (Picture Archive and Communications System) imaging software. This partnership will provide FRG with the technical system necessary to deliver industry-leading, turnaround time performance for diagnostic imaging reads and the opportunity for quicker response times and enhanced patient care from physicians.
FRG provides radiology services to hospitals using state-of-the-art technology and a cutting edge business model that allows for diagnosis 24 hours a day, 365 days a year. FRG's radiologists will now be able to view images (via FRG's network) from any hospital, anywhere in the world. Emageon's software and services will help them return interpretation and diagnosis results to those hospitals immediately.
Emageon, which grew out of research performed at the University of Alabama in Birmingham Medical Center, provides information technology systems for hospitals, healthcare networks and imaging facilities and develops enterprise imaging software for transferring information from any medical imaging device to physicians' reading workstations. Its solutions enhance speed and lessen the cost of diagnostic interpretation, distribution and the long-term management of patient medical imaging and associated clinical content. Emageon also offers open systems archiving and storage for medical images, video, audio and waveforms which Foundation Radiology Group will be able to offer to its clients.
Dr. Brandon W. Chan, Foundation Radiology Group's Chairman and CEO said, "FRG has been evaluating PACS technology for some time and have spent the past six months evaluating competitive systems and found that the Emageon solutions are, by far, the best out there. The Emageon system will not only improve our productivity -- via its workflow management system -- it will also provide a sophisticated image viewing and storage system for the medical images, such as x-rays, CT scans and MRIs. More importantly, the improved turnaround performance will enable our clients to provide enhanced patient care and patient safety."
"We are excited to be working with Foundation Radiology Group," said Chuck Jett, Emageon's Chairman, CEO and President. "Our integrated workflow product and enterprise content management system is a perfect fit for FRG. Our solutions work for multiple sub-specialties, as well as from any medical imaging modality, including MRI, CT, CR/DR and digital mammography. FRG's physicians will have the ability to read diagnostic images from any source at any location."
FRG is building a nationwide network of Radiology Physician groups to provide hospitals and other clients with 7x24 diagnostic imaging services. After-hours reads, which used to be performed as a preliminary diagnosis and had to be reviewed by a board certified radiologist the following morning, are now handled as final diagnoses. Consequently, FRG has changed the typical turnaround time for overnight reads from 8-12 hours to less than one hour.
About Foundation Radiology
Based in Pittsburgh, Pennsylvania, the Foundation Radiology Group's mission is to build the preeminent national diagnostic imaging, radiology service bureau and physician practice group network. Leveraging our state-of-the-art network of PACS, workflow system, carrier-grade telecommunications infrastructure and the Internet, our seasoned management team, dedicated to clinical excellence, will profitably deliver industry leading service level performance and clinical subspecialty expertise. Our focus is serving non-university affiliated health care institutions, with emphasis on consolidating the fragmented small to medium hospital segment, targeting multi-year exclusive daytime and 7x24x365 radiology service bureau contracts. FRG's administrative office, data processing and reading center is located at Three Gateway Center, Pittsburgh, where board-certified radiologists are available 24 hours a day. For more information, please visit http://www.frg-rad.com/.
About Emageon
Emageon provides information technology systems for hospitals, healthcare networks and imaging facilities. Its enterprise family of solutions includes RadSuite(TM), HeartSuite(TM), and other specialty suites. In addition, Emageon and Dell have teamed to produce RadSuite Express(TM) for the fast growing small to mid-size hospital, clinic and imaging center market. All Emageon solutions are built on a unified Enterprise Content Management system offering advanced visualization and infrastructure tools for the clinical analysis and management of all digital medical images, reports, and associated clinical content. Emageon's standards-based solutions are designed to help customers enhance patient care, automate imaging workflow, lower costs, improve productivity, and provide better service to physicians. For more information, please visit http://www.emageon.com/.
Foundation Radiology Group
CONTACT: Tim Pisula, Chief Operating Officer, Foundation Radiology Group, +1-412-223-2272, tpisula@frg-rad.com
Web site: http://www.frg-rad.com/ http://www.emageon.com/
More Cable TV Choice for Rhode Island Consumers90,000 More Households Now Can Order Verizon's FiOS TV
PROVIDENCE, R.I., Jan. 10 /PRNewswire/ -- Beginning today, consumers in some 90,000 more Rhode Island households have a choice in cable TV providers now that Verizon has introduced FiOS TV, making a broad range of programming choices and superior picture quality available to thousands more Ocean State households.
The Rhode Island Division of Public Utilities and Carriers recently gave Verizon approval to offer TV service in Charlestown, Cranston, Foster, Hopkinton, Johnston, Narragansett, North Providence, Providence, Richmond, Scituate, South Kingstown and Westerly.
FiOS TV is already available to more than 80,000 households in seven Rhode Island communities -- Coventry, East Greenwich, Exeter, North Kingstown, Warwick, West Greenwich and West Warwick. The service is also available in locations in New York, New Jersey, California, Delaware, Texas, Florida, Maryland, Massachusetts, Oregon, Pennsylvania, Indiana and Virginia.
Verizon is currently seeking licenses to offer FiOS TV in the Rhode Island communities of Burrillville, Central Falls, Cumberland, East Providence, Glocester, Lincoln, North Smithfield, Pawtucket, Smithfield and Woonsocket. For more information on the Verizon franchise process in the state, visit http://www.verizon.com/ri.
Donna Cupelo, Verizon region president for Massachusetts and Rhode Island, said, "FiOS TV gives consumers in Rhode Island an outstanding, superior alternative for their video entertainment. Customers in Rhode Island who liked what FiOS did for their Internet connection will love what it does for their TV. We've harnessed the speed and capacity of fiber-based broadband with the power of broadcast to create a revolutionary, new entertainment experience."
Rhode Island residents who are FiOS TV-eligible now have the option to trim their monthly bills by bundling FiOS TV service, FiOS Internet service and the Verizon Freedom Value unlimited calling plan, all for $94.99 a month.
Service highlights include:
-- FiOS TV Premier, the lead offer, delivers more than 200 all-digital
channels.
-- A total of 30 high-definition channels with extraordinary clarity and
theater-quality sound.
-- A library of more than 10,000 on-demand titles, 60 percent of which
are free.
-- A choice of seven different set-top boxes, including standard
definition for $4.99 per month; high definition, which includes HD
channels, for $9.99 per month; and a dual-tuner, HD-capable digital
video recorder for $15.99 per month.
-- Channels grouped by genres such as entertainment, sports, news,
shopping, movies and family, making it easy for audiences to find
their favorite programming.
-- An easy-to-use interactive programming guide that integrates HD
programming, On Demand content and the digital video recorder along
with broadcast television into a seamless user experience.
-- The option of Home Media DVR, featuring a multi-room DVR that enables
up to three simultaneous viewings of recorded programs
requiring customers to set up a complex home network or buy extra
equipment. The recorder is bundled with Media Manager, a new feature
that lets customers easily access photos and music from their personal
computer and play them on their entertainment center where they look
and sound the best.
-- FiOS TV Widgets, a free interactive feature that provides local
weather and traffic information.
Programming choices for Hispanic, African-American, Asian, Russian and other multicultural audiences are available in every market. Because FiOS TV has so much capacity, it is an outlet for emerging and independent networks to showcase their diverse programming.
Information on packages and prices is available at http://www.verizon.net/fiostv. Rhode Island customers also can call 1-888-GET-FIOS to see if they qualify to order FiOS TV.
FiOS TV is designed to be a formidable competitor to cable and satellite. Verizon's fiber-to-the-premises (FTTP) network, the largest of its kind in the country, is currently under construction in more than half the states where the company offers landline communications services.
The network brings the power and capacity of fiber optics directly into people's homes and has industry-leading quality and reliability. Fiber delivers amazingly sharp pictures and sound, and has the capacity to transmit a wide array of high-definition programming that is so clear and intense it seems to leap from the TV screen. It also delivers Internet download speeds of up to 50 Mbps (megabits per second) and upload speeds of up to 5 Mbps as well as high-quality voice services.
(More information about FiOS TV and fiber optics is available in Verizon's online News Center at http://www.verizon.com/news.)
The value of FiOS TV extends to the installation and customer support. Specially trained Verizon technicians will install the service and acquaint subscribers with FiOS TV features and services. Verizon is waiving the installation fee for up to three existing TV outlets, and there is no charge to install a needed optical network terminal at the subscriber's home. Charges for other installation services, such as additional outlets, may apply. Verizon provides 24 x 7 technical assistance by phone from its Fiber Solutions Centers in Providence, and other cities.
Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving 63.7 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon has a diverse workforce of nearly 238,000 and last year generated consolidated operating revenues of more than $88 billion. For more information, visit http://www.verizon.com/.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon
CONTACT: Lillian McGee, +1-401-525-2134, lillian.m.mcgee@verizon.com, or Phil Santoro, +1-617-743-4760, philip.g.santoro@verizon.com, both of Verizon
Web site: http://www.verizon.com/ http://www.verizon.com/ri http://www.verizon.net/fiostv http://www.verizon.com/news
Company News On-Call: http://www.prnewswire.com/comp/094251.html
UBICS Announces ISO 9001:2000 and ISO 27001:2005 Certification for Its India Development Center
CANONSBURG, Pa., Jan. 10 /PRNewswire-FirstCall/ -- UBICS, Inc. (http://www.ubics.com/) (Pink Sheets: UBIX), a global professional IT services organization, announced today that its India Development Center (UBICS Technologies Pvt. Ltd., India) has been awarded the ISO 9001:2000 and ISO 27001:2005 certifications by German Society for the Certification of Management Systems (DQS).
Dr. Vijay Mallya, Chairman and CEO of UBICS said "Achieving the milestones of ISO 9001:2000 and ISO 27001:2005 have proven, yet again, UBICS' commitment to deliver software & services at the highest global standards, to its customers worldwide".
The ISO 27001 and ISO 9001:2000 Certification is awarded to UBICS after detailed evaluation by DQS GmbH and ensuring that UBICS' Information Security Management Systems and Quality Management System conform to the specified global standards of software development and support. These systems are used in UBICS Design, Development, Maintenance and Service of software applications and IT enabled business process outsourcing (BPO).
Sunil Patil, President, UBICS said, "The attainment of this certification confirms the maturity and robustness of the Software & BPO delivery processes developed by UBICS over last 2 years." "The successful ISO certification now effectively positions UBICS amongst the leading IT & BPO outsourcing companies operating globally," added Mr. Patil.
About UBICS, Inc.
Founded in 1993, UBICS is an affiliate of the UB Company, a $2 billion multinational group of companies headquartered in India. UBICS, with business operations in the United States, United Kingdom and India, provides IT Services, IT Solutions and IT Products. A leader in the IT space, UBICS' successes include projects spanning major sectors such as airlines, manufacturing, processing, banking/finance, retail, automotive, insurance, transportation, telecommunications, public utilities, entertainment, and consumer goods. The Company is headquartered in Canonsburg, PA.
The Company's services include enterprise solutions, co-managed solutions, staff augmentation and business process outsourcing in specialized areas such as ERP and CRM package implementation and customization and e-Commerce/Internet services.
UBICS' product offerings include "Ventive" -- a Recruiting and Resourcing Software, and "SeeItFirst" -- a patented interactive Video Streaming product.
UBICS, Inc.
CONTACT: Bruce Thompson of UBICS, Inc., +1-412-746-6001
Web site: http://www.ubics.com/
LightPath Announcement: LightPath Technologies Signs a Multi-Year Agreement Exceeding $1 MillionLightPath Technologies Has Signed a Multi-Year Sales Agreement with a Chinese Industrial Tool Manufacturer.
ORLANDO, Fla., Jan. 10 /PRNewswire-FirstCall/ -- LightPath Technologies, Inc. -- LightPath Technologies is pleased to announce its subsidiary, LightPath Optical Instrumentation (Shanghai) Co., Ltd., has signed a three year agreement with a Chinese industrial tool manufacturer for the sale of custom precision aspheric lenses at an aggregate sales price in excess of $1 million dollars. This agreement represents a significant step towards the fulfillment of LightPath's business strategy to broaden its market opportunities into high volume, lower cost applications.
According to Jim Gaynor, Interim CEO, "This is LightPath's second contract in high volume low cost asphere applications. These contracts mark LightPath's direct entry into the Asian market. We are able to capture this business as a direct result of the cost reduction initiatives we have recently implemented and the capacity expansion that we have completed in our Shanghai factory."
LightPath manufactures optical products including precision molded aspheric optics, precision molded infrared optics, GRADIUM(R) glass products, proprietary collimator assemblies, isolators utilizing proprietary automation technology, higher-level assemblies and packing solutions. LightPath has a strong patent portfolio that has been granted or licensed to us in these fields. LightPath common stock trades on the NASDAQ Capital Market under the symbol "LPTH." Investors are encouraged to go to LightPath's website for additional financial information.
Contact: James Magos, Corporate Vice President, Sales & Marketing
LightPath Technologies, Inc.
Phone: (407) 382-4003
Email: jmagos@lightpath.com
Internet: http://www.lightpath.com/
This news release includes statements that constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This information may involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, factors detailed by LightPath Technologies, Inc. in its public filings with the Securities and Exchange Commission. Except as required under the federal securities laws and the rules and regulations of the Securities and Exchange Commission, we do not have any intention or obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise.
GRADIUM(R) is a registered trademark of LightPath Technologies
LightPath Technologies, Inc.
CONTACT: James Magos, Corporate Vice President, Sales & Marketing of LightPath Technologies, Inc., +1-407-382-4003, jmagos@lightpath.com
Web site: http://www.lightpath.com/
Rutgers Investment Group and HomeLoanAdvisors.Com Ink Outsource AgreementRutgers to Provide Mortgage Processing and Fulfillment Services
IRVING, Texas, Jan. 10 /PRNewswire-FirstCall/ -- Rutgers Investment Group, Inc., a subsidiary of FirstPlus Financial Group, Inc. (Pink Sheets: FPFX), today announced that it has entered into an agreement with HomeLoanAdvisors.Com, a California based corporation, to provide mortgage processing and fulfillment services on an outsource basis.
"This agreement allows both our firms to concentrate on what we do best," said Jack Roubinek, Chief Executive Officer of Rutgers Investment Group. "HomeLoanAdvisors.Com manages the client contact, while we at Rutgers take care of the back office work, pulling the whole package together for the borrower."
President of HomeLoanAdvisors.Com, Jeff Pittman, said, "Such an arrangement between the companies allows us to aggressively streamline the mortgage loan process. Our clients will benefit from quicker turnaround time, and we will be able to handle the increased loan volume more efficiently."
About Rutgers Investment Group, Inc.
A wholly owned subsidiary of FirstPlus Financial Group, Inc., Rutgers Investment Group is dedicated to helping corporate clients compete in today's fast-changing business climate by providing many innovative financing options. Rutgers also offers home mortgage processing services as well as fulfillment on a contract basis.
About FirstPlus Financial Group, Inc.
A diversified provider of strategic business and financial services, FirstPlus Financial Group has grown rapidly through a series of mergers and acquisitions, creating a synergistic business mix from which to provide significant growth potential and create value for its shareholders and employees.
About HomeLoanAdvisors.Com
HomeLoanAdvisors.Com is a nationwide direct lender that helps provide consumers with loans to refinance existing mortgages -- in spite of less than perfect credit circumstances. As its mission states, HomeLoanAdvisors.Com has helped thousands of hardworking people save money.
Safe Harbor
This document contains forward-looking statements within the meaning of the "safe harbor" provisions under Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. The Company uses forward-looking statements in its description of its plans and objectives for future operations and assumptions underlying these plans and objectives, as well as in its expectations, assumptions, estimates and projections about the Company's business and industry. These forward-looking statements involve risks and uncertainties. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of certain factors as more fully described in this report. Forward-looking terminology includes the words "may," "expects," "believes," "anticipates," "intends," "projects" or similar terms, variations of such terms or the negative of such terms. These forward-looking statements are based upon the Company's current expectations and are subject to factors and uncertainties which could cause actual results to differ materially from those described in such forward-looking statements. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this report to reflect any change in its expectations or any changes in events, conditions or circumstances on which any forward-looking statement is based.
FirstPlus Financial Group, Inc.
CONTACT: Margaret Foster of FirstPlus Financial Group, Inc., +1-972-717-7969, mfoster@firstplusgroup.com
Web site: http://www.firstplusgroup.com/
Kansas Department of Corrections Inmate Telephone Rates Decreasing
OVERLAND PARK, Kan., Jan. 10 /PRNewswire-FirstCall/ -- The Kansas Department of Corrections has entered into a contract with Embarq(TM) Payphone Services Inc., a unit of Embarq Corp. of Overland Park, to provide telephone services for inmate calling at Kansas correctional facilities for significantly reduced rates.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060516/EMBARQLOGO)
Embarq(TM) will continue to provide the capability to monitor and record all inmate telephone conversations, limit the number of people an inmate is allowed to call, and a number of other security related functions. The cost of the security functions associated with an inmate telephone system is paid for through the calling charges, not by state tax dollars.
"It is important for inmates to be able to maintain contact with their families and friends," Secretary of Corrections Roger Werholtz said. "We have recognized for many years that the cost of the phone calls inmates make from our correctional facilities has created a financial hardship for their families, and I am pleased that the new contract will help reduce those costs."
Paul Cooper, Director & General Manager - EMBARQ Public Access, said the company brings proven technical solutions and a commitment to service to the competitive mix.
"These are complex installations with continually improving technology. You can't just win the contract and walk away," Cooper said. "We've earned our reputation for outstanding service and are very excited to serve KDOC and the citizens of Kansas," Cooper said, adding that EMBARQ provides inmate phone services for the states of South Carolina, Michigan and Wisconsin in addition to numerous county facilities. He said he expects to complete the transition from the current provider by early 2008.
The three year contract (with an option for the department to renew for two additional years) provides for different rates for collect, prepaid and inmate prepaid calling, amounting to an overall cost reduction of 40% over previous costs, as shown in the following tables:
CURRENT CALLING RATES
CALL TYPE COLLECT PRE-PAID COLLECT INMATE BASED
PRE-PAY
Surcharge Per minute Surcharge Per minute Surcharge Per minute
rate rate rate
Local $4.35 $0.00 $3.65 $0.00 $3.27 $0.00
Intralata/
Intrastate $3.84 $0.16 $3.10 $0.15 $2.88 $0.12
Interlata/
Intrastate $3.26 $0.69 $2.12 $0.63 $2.45 $0.52
Interlata/
Interstate $2.84 $0.66 $2.17 $0.58 $2.13 $0.50
International Not available currently
REDUCED CALLING RATES
CALL TYPE COLLECT PRE-PAID COLLECT INMATE BASED
PRE-PAY
Surcharge Per minute Surcharge Per minute Surcharge Per minute
rate rate rate
Local $2.61 $0.00 $2.19 $0.00 $1.96 $0.00
Intralata/
Intrastate $2.30 $0.10 $1.86 $0.09 $1.73 $0.07
Interlata/
Intrastate $1.96 $0.41 $1.27 $0.38 $1.47 $0.31
Interlata/
Interstate $1.70 $0.40 $1.30 $0.35 $1.28 $0.30
International N/A N/A $1.30 $0.35 $1.28 $0.30
The contract provides the Department of Corrections with a minimum annual guarantee commission of $1,057,000 which will continue to be used to supplement funding for offender programs and services. This represents a 62% reduction in the minimum annual guarantee of $2,750,000 provided under the current contract. The Department will receive a 41% commission after the minimum annual guarantee is realized. The Department intends to discuss additional rate reductions if call volume proves sufficient to exceed the minimum guarantee.
Embarq Corporation , headquartered in Overland Park, Kansas, offers a complete suite of common-sense communications services. The company has approximately 18,000 employees and operates in 18 states. EMBARQ is included in the S&P 500. EMBARQ believes that by focusing on the communities the company serves and by employing common sense and practical ingenuity, it is able to provide customers with a committed partner, dedicated customer service and innovative products for work and home. For more information, visit embarq.com.
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Embarq Corporation
CONTACT: Bill Miskell, Public Information Officer of The Kansas Department of Corrections, +1-785-291-3052; or Tom Matthews, Manager - Media Relations of EMBARQ, +1-919-554-7185, tom.r.matthews@embarq.com
Web site: http://www.embarq.com/
SRA Schedules Second Quarter FY 2008 Earnings Release and Conference Call
FAIRFAX, Va., Jan. 10 /PRNewswire-FirstCall/ -- SRA International, Inc. will issue its second quarter Fiscal Year 2008 earnings press release after close of market on Tuesday, February 5, 2008. Management will discuss the results in a conference call beginning at 5:00 PM Eastern.
Interested parties may listen to the conference call by dialing 888-287-9905 (U.S./Canada) or 706-643-7540 (Other) with passcode 30691168. The conference call will be Webcast simultaneously through a link on the SRA Web site (http://www.sra.com/). A replay of the conference call will be available approximately two hours after the conclusion of the call on February 5 through February 19, 2008 by dialing 800-642-1687 (U.S./Canada) or 706-645-9291 (Other) and entering passcode 30691168.
About SRA International, Inc.
SRA is a leading provider of technology and strategic consulting services and solutions -- including systems design, development, and integration; and outsourcing and managed services -- to clients in national security, civil government, and health care and public health markets. The Company also delivers business solutions for contingency and disaster response planning, information assurance, business intelligence, environmental strategies, enterprise architecture, infrastructure management, and wireless integration.
FORTUNE(R) magazine has chosen SRA as one of the "100 Best Companies to Work For" for eight consecutive years. The Company's 6,300 employees serve clients from its headquarters in Fairfax, Virginia, and offices around the world. For additional information on SRA, please visit http://www.sra.com/.
SRA International, Inc.
CONTACT: David Keffer of SRA International, Inc., +1-703-502-7731, david_keffer@sra.com
Web site: http://www.sra.com/
Cimatron and MetalForming Magazine Attract Hundreds of Die Makers to Online Seminar
GIVAT SHMUEL, Israel, January 10 /PRNewswire-FirstCall/ -- - The topic: 'Keeping the Die Industry Competitive'; Recording Now Available Online
Over 450 tooling and manufacturing executives registered to view an online web seminar (webinar) focused on keeping the die industry competitive. The webinar was held in collaboration between Cimatron, MetalForming Magazine, and the Precision Metalforming Association (PMA). Over 200 attended the live broadcast, and hundreds more are expected to view the recording, which is now available on the Cimatron website at http://www.cimatrontech.com/
The hour-long webinar was moderated by MetalForming Magazine editor Brad Kuvin, and included three presentations:
- Sam Golan, CEO and President of Cimatron Technologies, Inc., explored how practical lean manufacturing can help the die industry;
- Peter Ulintz of Anchor Manufacturing Group discussed the evolving role of die engineering in the new millennium;
- The session was concluded with a case study of die maker Cam Tool & Die presented by Cimatron's Alan Zielinski.
"The die maker as a profession is becoming obsolete. It is replaced by die engineers, die assemblers, and metalforming specialists-each responsible for a specific function that requires specialized knowledge," said Ulintz in his presentation.
"The hundreds of webinar attendees indicate the need for the industry to share knowledge and adopt best practices to stay competitive," said MetalForming editor Kuvin. "Thank you for a job well done," commented Victor Bodi of Accurate Machine and Tool and one of the tooling executives in attendance following the webinar. "The presentation was highly relevant to our business and stimulated a lively internal discussion on what we should do next."
"Our goal is to help the tooling industry stay competitive. This is the ninth webinar in our Tool Shop Optimization series, and the level of interest continues to grow," said Sam Golan, CEO and President of Cimatron Technologies Inc. "Like any manufacturing operation, die makers can benefit from process improvement and elimination of inefficiencies, whether using lean manufacturing or another methodology."
Industry executives that are interested in learning more about die shop optimization can view a recording of the webinar by signing up on the Cimatron website at http://www.cimatrontech.com/.
About Cimatron
With more than 25 years of experience and over 20,000 installations worldwide, Cimatron is a leading provider of integrated, CAD/CAM solutions for mold, tool and die makers as well as manufacturers of discrete parts. Cimatron is committed to providing comprehensive, cost-effective solutions that streamline manufacturing cycles, enable collaboration with outside vendors, and ultimately shorten product delivery time. Cimatron's cutting-edge CAD/CAM solutions are widely used in the automotive, medical, consumer plastics, electronics, and other industries.
Founded in 1982, Cimatron is publicly traded on the NASDAQ exchange under the symbol CIMT. Cimatron's subsidiaries and extensive distributor network are located in over 35 countries to serve customers worldwide with complete pre- and post-sales support. For more information, please visit http://www.cimatron.com/
This press release includes forward looking statements, within the meaning of the Private Securities Litigation Reform Act Of 1995, which are subject to risk and uncertainties that could cause actual results to differ materially from those anticipated. Such statements may relate to the company's plans, objectives and expected financial and operating results. The words "may," "could," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan," and similar expressions or variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of the future performance and involve risks and uncertainties, many of which are beyond the company's ability to control. The risks and uncertainties that may affect forward looking statements include, but are not limited to: currency fluctuations, global economic and political conditions, marketing demand for Cimatron products and services, long sales cycle, new product development, assimilating future acquisitions, maintaining relationships with customers and partners, and increased competition. For more details about the risks and uncertainties of the business, refer to the Company's filings with the Securities and Exchanges Commission. The company cannot assess the impact of or the extent to which any single factor or risk, or combination of them, may cause. Cimatron undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
For More Information Contact:
Idit Pass Lagziel Ilan Erez Yael Nevat
Marketing Manager Chief Financial Officer Commitment-IR.com
Cimatron Ltd. Cimatron Ltd. Phone: +972-3-611-4466
Phone: +972-3-5312098 Phone: +972-3-531-2121 +972-50-762-6215
Email: Email: Email:
iditp@cimatron.com ilane@cimatron.com yael@commitment-IR.com
Cimatron Ltd
CONTACT: For More Information Contact: Idit Pass Lagziel, Marketing Manager, Cimatron Ltd., Phone: +972-3-5312098, Email: iditp@cimatron.com; Ilan Erez, Chief Financial Officer, Cimatron Ltd., Phone: +972-3-531-2121, Email: ilane@cimatron.com; Yael Nevat, Commitment-IR.com, Phone: +972-3-611-4466, Email: yael@commitment-IR.com
Xantrex awarded new SOLON contract for solar inverters valued at US$12 million for 2008
VANCOUVER, Jan. 10 /PRNewswire-FirstCall/ -- Xantrex Technology Inc. (TSX:XTX) announced today that it has signed a contract for 2008 with SOLON AG, valued at approximately US$12 million, to supply solar grid-tie inverters for the European, North American, and Australian markets. Xantrex expects to ship approximately two-thirds of the contract value in the first half of 2008. SOLON has the option to increase the size of the contract in the second half of the year.
"Xantrex welcomes this new $12 million agreement with SOLON which reflects an increase of 60 percent from the $7.5 million 2007 contract. This is an expression of continued confidence in our products and service, and a further opportunity to supply our leading solar grid-tie inverters in the fast-growing solar markets," said Mossadiq S. Umedaly, Xantrex's Chairman.
Xantrex grid-tie inverters have become the inverters of choice for a growing number of solar system installers and their customers, offering a solution with excellent value, performance, reliability, ease of installation, and high power density.
Xantrex CEO John Wallace commented, "The success in the marketplace of the SOLON Mover dual-axis tracking system equipped with Xantrex's customized premium inverter technology has enabled Xantrex to penetrate new markets and build upon our mutually beneficial partnership with SOLON. We are committed to expanding this successful relationship in the months ahead."
"Demand for turnkey multi-megawatt solar power projects presents great market opportunities in 2008 and we are looking forward to continuing our strategic partnership with Xantrex to supply inverters for the SOLON Mover product," said SOLON CEO Thomas Krupke.
The Xantrex solar grid-tie inverters are installed on the base of SOLON's dual-axis solar photovoltaic (PV) tracking system called the SOLON Mover, which tracks the position of the sun. The inverters contribute to the superior power generation capability of the SOLON Mover by efficiently converting direct current (DC) power from solar panels into alternating current (AC) power for sale to the electricity grid.
About Xantrex
Xantrex Technology Inc. (http://www.xantrex.com/) is a world leader in the development, manufacturing and marketing of advanced power electronic products and systems for the renewable, programmable, mobile, and portable power markets. The company's products convert and control raw electrical power from any central, distributed, renewable, or backup power source into high-quality power required by electronic and electrical equipment. Headquartered in Vancouver, British Columbia, the company has facilities in Arlington, Washington; Livermore and San Diego, California; Elkhart, Indiana; Barcelona, Spain; and Reading, England. Xantrex is listed on the Toronto Stock Exchange under the ticker symbol "XTX".
About SOLON AG
SOLON AG fur Solartechnik (http://www.solonag.com/) is one of the largest solar module manufacturers in Europe and a leading supplier of photovoltaic systems for large-scale solar power plants. The SOLON Group has subsidiaries in Germany, Austria, Italy, Switzerland, and the U.S. and employs more than 700 people worldwide. The SOLON Group's core business is the manufacture of solar modules in various performance categories and of complete photovoltaic systems for the construction of solar power plants.
Note that this news release may contain forward-looking statements related to Xantrex Technology Inc. Such statements reflect the current views of Xantrex with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in these forward-looking statements.
CONTACT: Donna Clark, (604) 422-2601, donna.clark@xantrex.com
Xantrex Technology Inc.
CONTACT: Donna Clark, (604) 422-2601, donna.clark@xantrex.com
TI's Sameer Pendharkar Accepts Prestigious Award from The Academy of Medicine, Engineering and Science of TexasTI Leader Recognized for Innovation in High Performance Analog Semiconductor Design for Consumer and Automotive Applications
HOUSTON, Jan. 10 /PRNewswire/ -- Texas Instruments Incorporated (TI) announced that Sameer Pendharkar will receive the 2008 Edith and Peter O'Donnell Award, granted by the Academy of Medicine, Engineering and Science of Texas (TAMEST) during its annual conference held today in Houston. The Edith and Peter O'Donnell Award, established to acknowledge achievements by young investigators in medicine, engineering, science and technology innovations, will recognize Pendharkar for developing innovative power management semiconductor technology to improve the reliability and safety of automotive systems, extend battery life in consumer electronics and improve next-generation video capabilities.
"The Academy and the O'Donnell Awards help foster the next generation of scientists and increase the awareness and communication among the state's best and brightest about research priorities for the future," said Dr. J. Tinsley Oden, 2008 TAMEST President. "We are happy to congratulate Mr. Pendharkar for his commitment and achievements in electronic technology design. His work is an inspiring example of the spirit of research and innovation that continues to move science and technology forward."
The Academy of Medicine, Engineering and Science of Texas was founded in 2004 to provide broader recognition of the state's top achievers in medicine, engineering and science, and to build a stronger identity for Texas as an important destination and center of achievement in these fields. Members include Texas Nobel Laureates and over 200 National Academy members. The O'Donnell Awards are named in honor of Edith and Peter O'Donnell, steadfast supporters of the Academy since its inception.
Pendharkar, who joined TI's analog technology development group in 1996, is one of the youngest individuals to be named a Distinguished Member of Technical Staff (DMTS), a distinction given to only two percent of the TI technical community. His work focuses on designing efficient transistor switches that will improve power conversion efficiency by more than 50 percent compared to present state-of-the-art technology. His innovations serve as the foundation of high-voltage, power efficient devices used in automotive applications, such as improved electronic stability control, automatic braking and weight sensors for airbags. In addition, these efficient, robust transistors enhance power systems for consumer electronics to extend battery life while enabling video capabilities in cell phones, laptops, media players and similar devices.
"Penharkar is committed to developing the technologies that solve some of today's most critical issues, such as bringing energy efficient or 'green' products to market as well as incorporating the highest level of safety features into our automobiles," said Venu Menon, TI vice president and manager of analog technology development (ATD). "His design and process innovations are found in millions of consumer and industrial products worldwide -- what many engineers spend their entire careers working toward, Sameer has accomplished in only ten years. He continues to be a rising star in the area of technical innovation and is working toward even larger contributions that will continue to impact society in the future."
Pendharkar, age 35, is a senior member of the IEEE (formerly the Institute of Electrical and Electronics Engineers) and was nominated for Young Researcher's Recognition in the "MIT - Technology Review 100" in 2004. He has been awarded more than 35 patents from the U.S. Patent and Trademark Office since 1996, is the author or co-author of more than 45 papers published in conference and journal publications and presents frequently to both academia and participants at international conferences focused on power semiconductor devices and reliability. He holds two master's of electrical engineering degrees from the University of Wisconsin-Madison, and an undergraduate degree from the Indian Institute of Technology in Bombay (Mumbai).
About Texas Instruments
Texas Instruments helps customers solve problems and develop new electronics that make the world smarter, healthier, safer, greener and more fun. A global semiconductor company, TI innovates through manufacturing, design and sales operations in more than 25 countries. For more information, go to http://www.ti.com/.
Trademarks
All registered trademarks and other trademarks belong to their respective owners.
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Texas Instruments Incorporated
CONTACT: Tish LeBlanc of Texas Instruments, +1-225-767-3437, tleblanc@ti.com; or Lindsey James of GolinHarris, +1-713-513-9568, ljames@golinharris.com, for Texas Instruments Incorporated - Please do not publish these phone numbers or e-mail addresses.
Web site: http://www.ti.com/
Verizon FiOS TV Customers in New York Have a Powerful New Way to Find and Enjoy Home EntertainmentVerizon's New Interactive Media Guide Makes It Easy to Search and Manage Multimedia Content Throughout the Home
NEW YORK, Jan. 10 /PRNewswire/ -- Continuing to transform home entertainment, Verizon has introduced FiOS TV's interactive media guide to the company's growing number of TV customers in New York. The new guide helps customers quickly and easily find and enjoy content from TV listings, video- on-demand catalogs and digital video recorders as well as personal music and photos from the home network.
The guide will now be a standard feature for FiOS TV customers wherever the service is offered. Future versions of the guide will add Internet radio, videos, podcasts and games to the FiOS TV multimedia platform.
(Note: an online demonstration of the Interactive Media Guide is available at http://verizonfios.com/img/. Screen shots of the IMG suitable for publication are available at http://verizon.wieck.com/. Search all images for full availability.)
In addition to New York, FiOS TV's interactive media guide is now available to customers in parts of California, Florida, Indiana, Maryland, Massachusetts, New Jersey, Oregon, Rhode Island, Texas and Virginia. It will soon be available in more states. There is no additional charge for the guide.
"Our new interactive media guide is the latest exciting development from FiOS TV," said Shawn Strickland, Verizon vice president of video solutions. "We've capitalized on our investment in an ultra-fast, highly responsive fiber-optic network to deliver a customer experience that marries the best interactivity of the Web with the highest-quality programming experience in the marketplace. The interactive media guide erases the lines between TV, Internet and personal media, and makes it easy for customers to personalize and enjoy media throughout their homes."
Guide Capitalizes on the Power of the Network
Verizon's new interactive media guide pulls together content from a variety of sources -- broadcast TV, Verizon's more than 10,000-title video-on- demand library and the subscriber's own DVR recordings -- into one media management system. Customers who have FiOS TV's Media Manager, part of its innovative Home Media DVR service, can also search, organize and enjoy their digital photos and music with a few clicks of the remote control. Later this year, subscribers will be able to manage additional content like games, podcasts and Internet video through the same guide, from the comfort of their own living rooms.
Verizon provides FiOS services over the nation's most advanced, all- digital fiber-optic network that reaches all the way to customers' homes, and the interactive media guide is one example of how Verizon is using the FiOS network to make life better for customers.
When customers use the media guide to search for content, such as video- on-demand titles or broadcast schedules, they instantly get relevant results, thanks to the network's high bandwidth and fast response times. And, because Verizon combines powerful search servers in the network with innovative search routines, the search results will even reflect current news topics.
Verizon is extending the network-based capabilities to customers when they are not at home. Later this year, FiOS customers will be able to use cell phones and the Internet to manage their home entertainment -- including scheduling recordings on their Home Media DVR.
Transforming the User Experience
"We listened to our customers and created a next-generation guide that is attractive, amazingly responsive and easy to use," Strickland said. "No other experience on the market can match the innovation we're delivering to customers with the interactive media guide."
Verizon designed the on-screen guide with the vibrant colors, graphics and easy-to-use interfaces that customers have come to expect from the best in consumer electronics. Strickland said a key design principle was to help customers reach content with the fewest clicks of the remote control, including video-on-demand and DVR programs. Navigation is intuitive and can be done with the remote control's arrows and "OK" button or by using the remote's shortcut keys.
Another key design principle was to give customers choice in how they interact with FiOS TV. Customers can search for content using cell phone- style text entry, a virtual keyboard or a simple scroll wheel, all onscreen. As the customer enters each text character in the search, the guide responds with corresponding actor names, TV shows, on-demand titles and more.
Subscribers can customize their search by choosing to see all channels, HDTV channels only or a list of their favorite channels. They also can select the size of the guide's screen with a choice of full-screen, half-screen or mini-screen views.
More information about FiOS TV, fiber optics and other broadband services and applications is available at http://www.verizonfios.com/.
Verizon Communications Inc. , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving 63.7 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon has a diverse workforce of nearly 238,000 and last year generated consolidated operating revenues of more than $88 billion. For more information, visit http://www.verizon.com/.
VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high quality video and images, and other information are available at Verizon's News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.
Verizon
CONTACT: Heather Wilner of Verizon, +1-212-321-8333, heather.b.wilner@verizon.com
Web site: http://www.verizon.com/ http://verizonfios.com/img http://verizon.wieck.com/ http://www.verizonfios.com/
Company News On-Call: http://www.prnewswire.com/comp/094251.html
AVIATION WEEK to Present Air Traffic Control Demand Management Forum Feb. 13-14 in New YorkSpeakers from DOT, FAA, ATCA to Discuss How to Alleviate Congestion Without Compromising Growth
NEW YORK, Jan. 10 /PRNewswire-FirstCall/ -- AVIATION WEEK, the largest multimedia information and services provider to the global aviation, aerospace and defense industries, today announced that it will present its 2008 ATC (Air Traffic Control) Demand Management Forum on Feb. 13-14 at the McGraw-Hill Building, 1221 Avenue of the Americas, in New York. The Forum is expected to attract more than 60 ATC service providers, airline operations and marketing executives, air traffic controllers, airport authorities, pilots and civil aviation authorities for an operational discussion on how to alleviate air traffic congestion without compromising the industry's financial health.
Sessions at the Forum will address the economics of congestion management, the fiscal impact of delays and the implementation of next-generation technologies, as well as assess various demand management strategies, such as peak pricing, flow management and slot allocations.
"The airline industry is recovering, but solutions to air traffic congestion, such as airspace redesign, are at least a decade away," said Tom Henricks, president, AVIATION WEEK. "Forum participants will have an opportunity to gather with their peers and industry leaders to share insights on possible solutions so that future growth isn't hampered."
The opening and keynote addresses will be delivered by D.J. Gribbin, general counsel, U.S. Department of Transportation, and Neil Planzer, vice president of ATM Strategy for The Boeing Co. and chairman, Air Traffic Control Association, respectively.
Other speakers include:
-- Nancy Kalinowski, vice president - Systems Operations, Federal Aviation
Administration (FAA)
-- Victoria Cox, vice president, ATO Operations Planning Services, FAA
-- David Z. Plavin, former president of Airports Council International -
North America and former director of aviation for the Port Authority of
New York and New Jersey
-- Dr. Dorothy Robyn, principal, The Brattle Group
-- Jeff Poole, director, Industry Charges, Fuel and Taxation,
International Air Transport Association
Additional information and online registration for the ATC Demand Management Forum are available at http://www.aviationweek.com/forums/atcmain.htm, or by calling +1.800.240.7645 or +1.212.904.4483.
About AVIATION WEEK
AVIATION WEEK, a division of The McGraw-Hill Companies, is the largest multimedia information and services provider to the global aviation, aerospace and defense industries, and includes the publications Aviation Week & Space Technology, Defense Technology International, Business & Commercial Aviation, Overhaul & Maintenance, ShowNews, Aviation Daily, The Weekly of Business Aviation, Aerospace Daily & Defense Report and the World Aerospace Database. The group's web portal, http://www.aviationweek.com/, offers the industry's most reliable news, information, intelligence and features, and its Aviation Week Intelligence Network (AWIN) at http://www.aviationweek.com/awin is the industry's most integrated business tool for managers, business developers, buyers and technical professionals across the entire aviation and aerospace field. The group also produces 12 major conferences and exhibitions in the MRO, defense and programs sectors. Information is available at http://www.aviationweek.com/conferences.
About The McGraw-Hill Companies
Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands including Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2006 were $6.3 billion. Additional information is available at http://www.mcgraw-hill.com/.
AVIATION WEEK
CONTACT: Patricia Walsh (212) 512-3364; (646) 673-6640 Patricia_walsh@mcgraw-hill.com Joe D'Andrea (212) 904-3780 joseph_dandrea@aviationweek.com
Web site: http://www.mcgraw-hill.com/ http://www.aviationweek.com/conferences http://www.aviationweek.com/
Missouri Police Department Introduces Electronic Traffic Citations- E-Ticketing Solution from BIO-key and Advanced Public Safety Minimizes Officer Risk, Reduces Cost and Increases Accuracy -
WALL, N.J., and DEERFIELD BEACH, Fla., Jan. 10 /PRNewswire-FirstCall/ -- BIO-key International, Inc. (BULLETIN BOARD: BKYI) , a leader in finger-based biometric identification and wireless public safety solutions, and Advanced Public Safety (APS), a leading provider of electronic ticketing software for public safety agencies, announced today that the Neosho, Missouri Police Department has chosen the companies to provide the agency with a complete electronic traffic citation system.
Since 1999, Neosho Police Department patrol officers have used MobileCop(TM), BIO-key's wireless law enforcement query and messaging solution. At traffic stops, the solution allows officers to check federal and state databases for any stolen vehicle or outstanding warrant alerts and to obtain other relevant information on the vehicle and driver. Previously, officers had to manually transcribe driver and vehicle registration information from the MobileCop laptop screen in their patrol cars onto hard copy traffic warning and citation forms.
With the APS QuickTicket(TM) software integrated within BIO-Key's MobileCop solution, Neosho officers will have a system that eliminates handwritten forms and uses unique APS software capabilities to automatically move MobileCop query response data to electronic forms -- significantly reducing data entry while improving accuracy.
At a traffic stop, the officer enters the violator's information into the MobileCop application to obtain background information from available national, state, and local databases. The APS QuickTicket software then auto-populates the requisite information from the mobile query database files directly onto the agency's citation forms. The officers print a copy of the citation for the violator, and electronically transfer the data to be automatically uploaded to police department and city court databases, which reduces the manual data entry process.
"The system eliminates re-keying information two or three times, improving overall efficiency. It also allows our officers to clear traffic stops faster, which improves safety on the roadside," said Neosho Police Chief Dave McCracken.
"Law enforcement agencies can benefit from electronic traffic citation solutions to increase efficiency by reducing the time required for roadside traffic stops, eliminating redundant manual data entry, and decreasing the number of tickets dismissed by courts because they are incomplete, inaccurate or illegible," added Jack Siney, Chief Operating Officer of Advanced Public Safety. "A key factor in the selection of BIO-key and APS was our record of successfully integrating our solutions for other MobileCop customers, including the Montgomery County Police Department in Maryland and the Saginaw County Sheriff's Dispatch Center in Michigan."
Mike DePasquale, President and CEO of BIO-key added, "By partnering with APS we can deliver a superior solution that not only reduces overall costs of operation, but also improves officer safety and the accuracy of data entry. Law Enforcement agencies implementing this solution immediately benefit from more timely and accurate information."
About Advanced Public Safety
Based in Deerfield Beach, Fla., Advanced Public Safety (APS), a Trimble Company, develops innovative technology solutions specifically designed to address the challenges of today's public safety agencies. APS focuses on creating software that operates in conjunction with the mobile computers and handheld devices utilized by law enforcement, corrections, fire and EMS personnel. APS' products work with an agency's existing technology infrastructure to significantly increase officer safety and productivity. APS' software solutions are utilized by law enforcement officers throughout North America. For more information, visit http://www.aps.us/.
About BIO-key
BIO-key International, Inc., headquartered in Wall, New Jersey, develops and delivers advanced identification solutions and information services to law enforcement departments, public safety agencies, government and private sector customers. BIO-key's mobile wireless technology provides first responders with critical, reliable, real-time data and images from local, state and national databases. BIO-key's high performance, scalable, cost-effective and easy-to-deploy biometric fingerprint identification technology accurately identifies and authenticates users of wireless and enterprise data to improve security, convenience and privacy and to reduce identity theft. Over 750 police departments in North America use BIO-key solutions, making BIO-key the leading supplier of mobile and wireless solutions for law enforcement. (http://www.bio-key.com/)
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. The words "estimate," "project," "intends," "expects," "believes" and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of BIO-key International, see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
Press Contact: BIO-key International, Inc.
Bud Yanak
732-359-1100
BIO-key International, Inc.; Advanced Public Safety
CONTACT: Bud Yanak of BIO-key International, Inc., +1-732-359-1100
Web site: http://www.bio-key.com/ http://www.aps.us/
Onstream Media Corporation Management Comments on Recent Stock Activity and Reaffirms Business Outlook
POMPANO BEACH, Fla., Jan. 10 /PRNewswire-FirstCall/ -- The Chief Executive Officer of Onstream Media Corporation (the "Company"), an online service provider of live and on-demand Internet video, today commented on recent stock activity and reaffirmed the Company's fiscal 2008 outlook.
Randy Selman, President and Chief Executive Officer of Onstream Media, stated, "While it is not common practice for us to comment on our stock price, in response to the recent volatility we wanted to assure our shareholders that we believe there is no business performance related issue behind the recent decline in the price of our common stock. As a result, we have requested NASDAQ to review the recent trading activity in our stock. Our business remains well-positioned to meet or exceed our top-line growth target for the current fiscal year. At the present time, our available cash resources are sufficient to execute our business plan and we remain focused on accelerating our organic growth rate and resulting cash flows. We are confident that the execution of our business plan will result in the creation of value for our loyal shareholders, and in fact, several members of the senior management team have recently purchased stock in open market transactions."
About Onstream Media
Onstream Media Corporation is an online service provider of live and on-demand Internet video, corporate web communications and content management applications. Onstream Media's pioneering Digital Media Services Platform (DMSP) provides customers with cost effective tools for encoding, managing, indexing, and publishing content via the Internet. The DMSP provides our clients with intelligent delivery and syndication of video advertising, and supports pay-per-view for online video and other rich media assets. The DMSP also provides an efficient workflow for transcoding and publishing user- generated content in combination with social networks and online video classifieds. In addition, Onstream Media provides live and on-demand webcasting, webinars, web and audio conferencing services. In fact, almost half of the Fortune 1000 companies and 78% of the Fortune 100 CEOs and CFOs have used Onstream Media's services.
Select Onstream Media customers include: AOL, AAA, AXA Equitable Life Insurance Company, Bonnier Corporation, Dell, Deutsche Bank, Disney, National Press Club, NHL, MGM, PR Newswire, Rodale, Inc., Televisa, WireOne, Shareholder.com (NASDAQ), and the U.S. Government. Onstream Media's strategic relationships include Akamai, Adobe, eBay, FiveAcross/Cisco and Qwest. For more information, visit Onstream Media at http://www.onstreammedia.com/ or call 954-917-6655.
Certain statements in this document and elsewhere by Onstream Media are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such information includes, without limitation, the business outlook, assessment of market conditions, anticipated financial and operating results, strategies, future plans, contingencies and contemplated transactions of the company. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of company operations, or the performance or achievements of the company or industry results, to differ materially from those expressed, or implied by the forward-looking statements. In addition to any such risks, uncertainties and other factors discussed elsewhere herein, risks, uncertainties and other factors that could cause or contribute to actual results differing materially from those expressed or implied for the forward- looking statements include, but are not limited to fluctuations in demand; changes to economic growth in the U.S. economy; government policies and regulations, including, but not limited to those affecting the Internet. Onstream Media undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in Onstream Media Corporation's filings with the Securities and Exchange Commission.
Media Relations: Investor Relations:
Beth Amorosi Brett Maas
FastLane Communications Hayden Communications
973.582.3498 646-536-7331
bamorosi@fast-lane.net brett@haydenir.com
Onstream Media Corporation
CONTACT: Media Relations, Beth Amorosi of FastLane Communications, +1-973-582-3498, bamorosi@fast-lane.net; or Investor Relations, Brett Maas of Hayden Communications, +1-646-536-7331, brett@haydenir.com, both for Onstream Media Corporation
Web site: http://www.onstreammedia.com/
Sivoo Unveils 'CEDR' Technology PlatformContent Encode Distribute ReportTo Manage IP Video Across the Internet, Mobile Devices, and IP TV-sets'CEDR' Gives Sivoo Business Customers Access to 150 Million Video Consumers
PHILADELPHIA, Jan. 10 /PRNewswire-FirstCall/ -- Sivoo(TM) Holdings (Pink Sheets: SIVO), the first Internet TV network of multicultural on-demand entertainment programming, today unveils "CEDR" (pronounced seeder), a new technology platform for managing IP video across the many screens that today's video consumers use from the TV, to mobile devices, to the computer.
CEDR is an acronym standing for Content, Encode, Distribute, and Report, which activities encompass the life cycle of IP video. "The CEDR technology platform provides content owners and aggregators with the ability to distribute their video assets before a potential audience of 150 million video consumers as VOD (Video-On-Demand), whether those consumers watch video on their TV set, home computer, or mobile device, said Christopher Myers, Sivoo's president and chief operating officer. "What's more, CEDR delivers the capability not only to generate, distribute, and manage video assets appropriate to each distribution platform, but also to report back on the performance of these video assets to our customers." Mr. Myers stated that "this creates a single point of entry for content owners and aggregators interested in exploiting the growing importance of IP delivered video."
Burhan Fatah, Ph.D., Sivoo's founder and chief executive officer added that "we are looking to the CEDR technology platform to establish Sivoo as a leading provider of VOD solutions for business customers, and as a significant driver of revenue growth in 2008."
About Sivoo
Founded in 2000, Sivoo, Inc. operates the first Internet TV network of multicultural on-demand entertainment, and has created CEDR, an end-to-end solution to encode, distribute, and monetize video across distribution channels including Internet, mobile, and IPTV.
With Sivoo, video assets are easily and automatically managed and distributed to Internet sites like YouTube and MetaCafe, mobile platforms like Verizon V-Cast, cable outlets like Charter Communications broadband, and IPTV providers like Verizon FIOS TV and Verismo.
Media & Investor Contact:
For Sivoo:
Megan Catranis
Sivoo Inc.
mcatranis@sivoo.com
SAFE HARBOR STATEMENT
The statements contained in this press release that are not historical facts are forward-looking statements based on current expectations of future events that involve risks and uncertainties including, without limitation, risks associated with the inherent uncertainty of the timing and success of high technology hardware and software research; new product development; the market pricing of media content and related products and services; changes in consumer demand for Internet access to media content, commercialization of new products and services; Internet or network outages or failures; breaches of Internet, network, or system security; changes in network infrastructure, transmission methods and broadband technologies; adoption of new broadband Internet access technologies; economic conditions including interest and currency exchange rate fluctuations; changes in generally accepted accounting principles; the impact of competitive products or services; trade buying patterns; wars or terrorist acts; product liability and other types of lawsuits; the impact of legislation and regulatory compliance; and patent, licensing, and other intellectual property risks and uncertainties. Actual results may vary materially from the forward-looking statements. The Company assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. When used in this release and documents referenced, the words "believes," "expects," "may," "should," "seeks," or "anticipates," and similar expressions as they relate to Sivoo or its management are intended to identify such forward-looking statements.
Sivoo(TM) Holdings
CONTACT: Megan Catranis of Sivoo(TM) Holdings, mcatranis@sivoo.com
MTC Enters into Cancellation Agreement for Unmanned Aircraft System with USMC
DAYTON, Ohio, Jan. 10 /PRNewswire-FirstCall/ -- MTC Technologies, Inc. (Nasdaq Global Select Market: MTCT), an industry-recognized provider of aircraft modernization and sustainment, professional services, C4ISR, and logistics solutions to the Department of Defense and national security agencies, announced today that the Company has entered into a cancellation agreement with the United States Marine Corps Systems Command (the USMC) relating to the Tier II Unmanned Aircraft System (UAS) Concept Demonstrator System.
Under the agreement, MTC will return all performance-based payments in the aggregate amount of approximately $683 thousand and pay approximately $474 thousand for program costs to the USMC. As a result of the agreement, MTC expects to incur a one-time charge of approximately $6.7 million in the fourth quarter of 2007.
The Company indicated that potential purchasers of the Company were apprised of this matter during the diligence process and prior to the signing of the merger agreement with BAE Systems announced on December 21, 2007.
MTC delivers Warfighter solutions involving systems engineering, information technology, intelligence, and program management services primarily to the Department of Defense. Cited by Forbes as 16th of the "25 Fastest Growing Technology Companies-2006," by Washington Technology as 55th in revenue growth among the "Top 100" of IT Federal Prime Contractors, and ranked 14th by Aviation Week & Space Technology as a "Top Performing Small Company," MTC employs approximately 2,900 people in more than 40 locations. The company was founded in 1984 and is headquartered in Dayton, Ohio.
Forward-Looking Statements
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not present or historical fact, such as statements regarding the projected one-time charge in connection with the cancellation agreement, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in, or implied by, forward-looking statements. These risks and uncertainties include finalizing the charges to be taken in connection with the cancellation agreement and the completion of the Company's financial statements for the year ended December 31, 2007. These statements reflect the Company's current beliefs and are based upon information currently available to it. Be advised that developments subsequent to this release are likely to cause these statements to become outdated with the passage of time, and we specifically disclaim any obligation to update these statements.
For further information on MTC, visit the website at http://www.mtctechnologies.com/.
MTC Technologies, Inc.
CONTACT: Investor Relations & Media Contact: Dan Bigelow, Director, Investor Relations & Corporate Communications, +1-937-252-9199, daniel.bigelow@mtctechnologies.com, For Other Information Contact: Michael Gearhardt, Chief Financial Officer, +1-937-252-9199, michael.gearhardt@mtctechnologies.com, both of MTC Technologies, Inc.
Web site: http://www.mtctechnologies.com/
Cowboy Announces Launch of Co-Branded Game for Hair Club with Playboy.com
NEW YORK, Jan. 10 /PRNewswire/ -- Cowboy today announced the launch of a provocative online game for Hair Club for Men, which is co-branded with Playboy.com. The new game can be found at http://www.hairclub.com/photohunt.
The game challenges users to spot the differences in 'before and after' photos and features the famous Playboy Playmates. In addition, users can view videos, download wallpapers, and find out what Playmates prefer. The game will be promoted aggressively on Playboy.com through banner ads and an extensive email campaign.
"The new co-branded game for Hair Club for Men is another example of our ability to create innovative digital assets that extends beyond traditional branding efforts," says Cowboy Executive Creative Director, Scott Davis.
"As our agency, Cowboy continues to demonstrate compelling ways to help Hair Club for Men infuse the lifestyle component that resonates with our younger, male demographic," says Lalita Warren, Media Manager, Hair Club for Men.
Prior to today's announcement, Cowboy was responsible for redesigning the Hairclub.com website, a series of provocative print ads that appeared in male focused magazines, as well as a complete interactive campaign.
About Cowboy
Cowboy offers its clients a strong combination of digital expertise coupled with decades of traditional marketing experience. Cowboy's understanding of the digital media landscape translates into brand campaigns that stimulate conversation, while delivering measurable ROI. The agency is headquartered in New York City with a satellite office in Los Angeles. For more information, please visit http://www.cowboynyc.com/.
About Hair Club
Hair Club is a wholly-owned subsidiary of Minneapolis-based Regis Corp., the world's largest hair salon operator, with more than 10,000 salons world-wide, and such famous brands as Supercuts, Mastercuts, Smartstyle, Cost Cutters, Jean-Louis David and Vidal Sassoon. Hair Club's Corporate Offices are located in Boca Raton, FL.
Press Contact:
Mark Pasetsky
Mark Allen & Company
212.243.8543
mp@markallenco.com
Cowboy
CONTACT: Mark Pasetsky of Mark Allen & Company +1-212-243-8543, mp@markallenco.com, for Cowboy
Web site: http://www.cowboynyc.com/ http://www.hairclub.com/ http://www.hairclub.com/photohunt
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